Consider the following historical performance data for two different portfolios, the Standard and Poors 500, and the 90-day T-bill.

Investment	Average Rate of		Standard
Vehicle	Return		Deviation		Beta	R2
Fund 1	26.80	%	21.42	%	1.427	0.739
Fund 2	13.52		14.30		0.944	0.722
S&P 500	15.90		12.80
90-day T-bill	6.20		0.60

1. Calculate the Fama overall performance measure for both funds. Round your answers to two decimal places.

   Overall performance (Fund 1): %

   Overall performance (Fund 2): %

2. What is the return to risk for both funds? Do not round intermediate calculations. Round your answers to two decimal places.

   Return to risk (Fund 1): %

   Return to risk (Fund 2): %

3. For both funds, compute the measures of (1) selectivity, (2) diversification, and (3) net selectivity. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any.

   	Selectivity		Diversification		Net selectivity
   Fund 1		%		%		%
   Fund 2		%		%		%