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A fund has a 1.5 market beta and factor loadings for the SMB and HML factors of -2.2 and 3.5, respectively. Did the fund under

A fund has a 1.5 market beta and factor loadings for the SMB and HML factors of -2.2 and 3.5, respectively. Did the fund under or overperform compared to the Fama-French 3 factor model, if you know the following returns:

	Returns
fund	15.30%
rf	1%
Mkt_rf	10%
SMB	5%
HML	4%

		Outperformed by 0.3%
		Underperformed by -4.7%
		Underperformed by -2.7%.
		Underperformed by -3.7%

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