fund x Fund x : Find 2 -Nhd, Expian the ravon for your classificatien Fund y is contiderianarver In the invertment weghts of holding relative to the senchmark index. beconile, is is a. Calculate the active share (AS) measure for Fund X, Fund Y, and Fund Z relative to the benchmark index. Do n Fund X : % Fund Y : % Fund Z: % b. Using active share calculations above, indicate which fund is the most likely to be considered: (i) a passive inder fund. Explain the reason for your classification. Fund X is considere Fund Y is considere Fund Z is considere Solect- an actively maneged concentrated stock-plcking fund a closet (or enhaneed) index fund e passive index fund because, it in the investn because, it is - select- V concentrated tha because its security holdings come closer