Upon retirement, Jason wants to invest his super in a fund where the manager buys only blue chip companies that pay a regular and high dividend. He is happy for the manager to constantly search for the best stocks which fit this profile and is happy for the portfolio composition to be changed to include the best opportunities of this type. Jason does not require liquidity in the investment. Given the following advertisements of funds, which fund is best suited to his investment preferences?

Question $4$Select one:

a$.$

Fund A: Passively managed, closed$-$ended, Balanced Fund earning $10\%$

b$.$

Fund D: Actively managed, closed$-$ended, Aggressive Growth Fund earning $10\%$

c$.$

Fund E: Passively managed, open$-$ended, Index Fund earning $6\%$

d$.$

Fund C: Actively managed, open$-$ended, Growth Fund earning $8\%$

e$.$

Fund B: Actively managed, close$-$ended, Income Fund earning $7\mathrm{.}5\%$