Assume you have $600,000 to invest. Show a portfolio allocation (in percentages) using mutual funds or exchange-traded funds based on each of the below models in building a portfolio. 

A) the single index model; 

B) The three-factor model; and 

C) the four-factor model 

Hint: Use a value fund, or small-cap fund, etc (there are several styles), but state the actual name(s) of the fund(s) that you are using as well as its style. 

Required

Discuss why you prefer C to B, or B to A, or it really does not matter which model you use in terms of the resulting return and risk.