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Copy Table 1 below into a sheet that you name Active Funds . The table contains 5-year returns for actively managed mutual funds. Using Excels

Copy Table 1 below into a sheet that you name Active Funds. The table contains 5-year returns for actively managed mutual funds.

Using Excels vlookup function, in your Active Funds spreadsheet, calculate the 5-year benchmark -adjusted return for each of the mutual funds. For each fund, benchmark-adjusted return is calculated as:

Benchmark-adjusted return = Individual mutual fund return - Return for benchmark index.

Primary Prospectus Benchmark Name
Total Ret Annlzd 5 Yr (%)
Russell 2000 Growth TR USD
12.4
Russell 2000 TR USD 12.62
Russell 2000 Value TR USD 12.78
S&P 500 Growth TR USD 13.94
S&P 500 TR USD 13.6
S&P 500 Value TR USD 13.11

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