this result shows that this fund tends to invest in ? 

The regression results for a mutual fund ABC is: value t-stat alpha Market beta 0.02 1.43 1.2 3.1 SMB beta 0.8 2.5 HML beta -0.7 -3.2 The regression results for a mutual fund ABC is: value t-stat alpha Market beta 0.02 1.43 1.2 3.1 SMB beta 0.8 2.5 HML beta -0.7 -3.2