long-term Commonwealth bonds rate is 2.50%p.a.the return (standard deviation) for market-index is 9.65% p.a. (17% p.a.)

	Fund STR	Fund SHP	Fund ENT	Fund GLX
Average Return (% p.a.)	10.50	20.70	12.30	18.40
Standard deviation (% p.a.)	3.40	5.60	7.40	5.85
Beta	1.00	1.97	0.73	1.19

Required

I. Which fund has the lowest overall risk versus its return?

II. Which funds following Jensens alpha outperformed the market?