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Evan is a trustee for a defined benefit plan that invests in domestic stocks, international stocks, bonds, real estate and private equity. To evaluate the

Evan is a trustee for a defined benefit plan that invests in domestic stocks, international stocks, bonds, real estate and private equity. To evaluate the performance of the plan, the investment manager has developed a benchmark that includes the target allocation of each asset class in the plan. This comparison can best be described as a(n)_____ benchmark.
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style index
absolute return
custom security-based
manager universe

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