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The Fund has a 2% policy-weight to emerging market equities a sub-category within the international equity bucket. The broad category benchmark is MSCI-EAFE and has

The Fund has a 2% policy-weight to emerging market equities a sub-category within the international equity bucket. The broad category benchmark is MSCI-EAFE and has a 20% policy weight. MSCI-EAFE returned 2.5% and MSCI-EME returned 3.5% during the last month. What is the style-bias impact? Show calculations.

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