Before investing the fund, you would like to know more about the fund managers investment strategy. To obtain more information, you choose to use the Style analysis technique. Based on the regression output below for a range of asset classes, what is/are the major portfolio strategies of this fund? Please explain your answers. Do the asset allocation strategies explain majority of the return variabilities?

\begin{tabular}{ccc} \hline Style Portfolio & Regression Coefficient & P-values \\ \hline Small Cap & 0.0003 & 0.9243 \\ Medium Cap & 0.3560 & 0.1150 \\ Large Cap & 0.4231 & 0.0080 \\ Low Book-to-Market (Growth) & 0.1346 & 0.2141 \\ High Book-to-Market (Value) & 0.5531 & 0.0013 \\ R-square & 0.3500 & \\ \hline \end{tabular} \begin{tabular}{ccc} \hline Style Portfolio & Regression Coefficient & P-values \\ \hline Small Cap & 0.0003 & 0.9243 \\ Medium Cap & 0.3560 & 0.1150 \\ Large Cap & 0.4231 & 0.0080 \\ Low Book-to-Market (Growth) & 0.1346 & 0.2141 \\ High Book-to-Market (Value) & 0.5531 & 0.0013 \\ R-square & 0.3500 & \\ \hline \end{tabular}