6. A mutual fund has assets of $25 billion and invests $250 million each in 100 different companies so that it owns 1% of each of those companies. The companies each have a stock price of $25 and Earnings Per Share of $4. Morningstar would probable describe this as a a) Large Cap Value Fund b) Small Cap Value Fund c) Large Cap Growth Fund d) Small Cap Growth Fund funds increase their level of debt securities over time towards a specific retirement date a) Asset Allocation b) Exchange Traded c) Lifecycle d) Unit Investment 420..th a beta of 12 and a standard deviation of 23%, the 1 f retum