The figure shows many possible portfolios (in orange) as well asn the Baseline portfolio and the US Equity portfolio described in then case. How are the various orange portfolios created? Selectn all the True statements shown below that relate to thisn question.

1. The expected returns and standard deviations of then underlying US Equity, Foreign Equity, and Bond portfolios are then same across all the orange portfolios.

2. Manning could create the various orange portfolios byn choosing how much of Partner's wealth to invest in the underlyingn US Equity, Foreign Equity, and Bond portfolios.

3. Manning could create the various orange portfolios byn changing the expected returns and standard deviations of then underlying US Equity, Foreign Equity, and Bond portfolios.

4. Each of the orange portfolios is created using differentn underlying asset classes.

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US Equity Foreign Equity Bonds STP Baseline portfolio Alternate Scenario 1 Alternate Scenario 2 Alternate Scenario 3 Alternate Scenario 4 Alternate Scenario 5 Alternate Scenario 6 Alternate Scenario 7 Alternate Scenario 8 Alternate Scenario 9 Alternate Scenario 10 Alternate Scenario 11 Alternate Scenario 12 Alternate Scenario 13 Alternate Scenario 14 Alternate Scenario 15 Alternate Scenario 16 Alternate Scenario 17 Alternate Scenario 18 Alternate Scenario 19 Alternate Scenario 20 Alternate Scenario 21 Minimum 20% Plug factor -5% weight in US Equity 0.55 0.55 -0.12 -0.06 -0.10 0.09 0.44 0.65 0.62 0.84 0.64 0.50 0.83 -0.11 0.63 -0.02 0.65 -0.17 -0.09 0.10 -0.15 0.89 Maximum 90% Plug factor 65% weight in Foreign weight in Equity Bonds