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Shown below are the investment weights for the securities held in four different portfolios: three mutual funds and the benchmark index that each of those

Shown below are the investment weights for the securities held in four different portfolios: three mutual funds and the benchmark index that each of those funds uses.

% Security Investment Weight:

Security Benchmark Index Fund X Fund Y Fund Z

1 10% 14% 42% 11%

2 10 14 0 11

3 10 11 0 11

4 10 14 0 9

5 10 12 0 9

6 10 11 0 9

7 10 8 28 9

8 10 6 30 9

9 10 7 0 11

10 10 8 20 11

A) Calculate the active share (AS) measure for Fund X, Fund Y, and Fund Z relative to the benchmark index. Do not round intermediate calculations. Round your answers to one decimal place.

  1. Fund X: %
  2. Fund Y: %
  3. Fund Z: %

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