a) A fund, the KMA Fund, has been established with the following benchmark weightings: In fact, the KMA fund was weighted 62% equities, 31% bonds and the rest in cash. The benchmark returns were: a) A fund, the KMA Fund, has been established with the following benchmark weightings: In fact, the KMA fund was weighted 62% equities, 31% bonds and the rest in cash. The benchmark returns were