Given the data for equity portfolio returns provided in the accompanying Excel workbook for Problem 2, use active share to identify the passively managed index fund, the enhanced actively managed fund. Provide a short (one- or two-sentence) explanation for each

Year Index 1 N 2 3 4 5 Fund A 4.500% 5.000% 9.000% -3.500% 11.500% 21.000% 16.000% -21.000% 7.500% 5.500% 5.000% 6.000% 8.000% -3.000% 12.000% 22.000% 15.000% -20.000% 8.000% 6.500% Fund B 6.000% 6.750% 9.250% -5.000% 13.500% 24.000% 16.250% -23.000% 9.250% 8.000% Fund C 11.000% 2.500% 12.000% 3.000% 15.000% 11.250% 16.000% -1.000% 13.750% 9.000% in On 00 00 6 7 8 9 10 Year Index 1 N 2 3 4 5 Fund A 4.500% 5.000% 9.000% -3.500% 11.500% 21.000% 16.000% -21.000% 7.500% 5.500% 5.000% 6.000% 8.000% -3.000% 12.000% 22.000% 15.000% -20.000% 8.000% 6.500% Fund B 6.000% 6.750% 9.250% -5.000% 13.500% 24.000% 16.250% -23.000% 9.250% 8.000% Fund C 11.000% 2.500% 12.000% 3.000% 15.000% 11.250% 16.000% -1.000% 13.750% 9.000% in On 00 00 6 7 8 9 10