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Interpret the charts and draw conclusions from them Percentage of Large-Cap Return on Large-Cap Actively-Managed U.S. Actively-Managed U.S. Equity Funds Equity Funds underperforming the S&P

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Interpret the charts and draw conclusions from them Percentage of Large-Cap Return on Large-Cap Actively-Managed U.S. Actively-Managed U.S. Equity Funds Equity Funds underperforming the S&P (asset-weighted) and S&P 500 500 100% 15% 80% 60% 10% 40% 5% 20% 0% 0% 1 year 3 years 5 years 1 year 3 years 5 years Large-cap funds S&P 500 NO

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