These questions are to be answered using the spreadsheet entitled USFundDatawhich is attached. This spreadsheet contains the following data for 132 months between January 2009 to December 2019: Net of...

1 answer below »

These questions are to be answered using the spreadsheet entitled

USFundDatawhich is attached. This spreadsheet contains the following data for 132 months between January 2009 to December 2019:



  1. Net of annual fee fund return data for 12 US equity funds

  2. End of month fund sizes for these funds

  3. Risk-free rate, market return, size, value and momentum factor returns


Calculate the following using the first 66 months of data and then the second 66 months of data for each of the funds in the sample.



  1. The arithmetic average, geometric average returns and the money weighted returns.

  2. The Sharpe ratio, one factor alpha, three factor alpha, four factor alpha, and information ratio.

  3. Compare and contrast your results from the first half and second half of the sample. What do the results tell us?

  4. Imagine that you are a US pension fund manager and you having currently divided up the pension fund’s money between three mutual fund managers. You have decided to drop one of the three mutual fund managers and you are looking to invest your money with one other mutual fund instead. If you were to pick one of these 12 funds that you have analysed above which one of these would it be and why?






Definitions Monthly ReturnTotal return per share as of month end Fund SizeTotal Net Asset as of month-end. Reported in millions of dollars. Fund NAVMonthly Net Asset Value per share, net of fund operating expenses Data is taken from CRSP mutual funds survivorship bias free database ids_dates_returns_sizes_nav DateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservationsDateFund IdentifierTotal Net Assets as of Month EndTotal Return per Share as of Month EndMonthly Net Asset Value Per ShareObservations 200901303091582.8-0.07308415.612009013036270.1-0.1343716.12120090130500394-0.1069314.511200901307354119.9-0.07547214.71200901309073291.2-0.11494314.6312009013011996789.9-0.0494828.261200901301251424.1-0.06419510.351200901301494813.7-0.0427055.38120090130151920.2-0.0940536.551200901301528214.9-0.106145161200901301768399-0.12824810.41200901301816094.3-0.1261349.631 200902273091537.4-0.07179514.4822009022736270.1-0.1339875.3220090227500380.9-0.1175173.982200902277354113.9-0.10204113.22200902279073247.1-0.09637713.2222009022711996711.5-0.0992747.442200902271251421.2-0.1014499.32200902271494812.8-0.0762084.97220090227151920.2-0.1190845.772200902271528212.3-0.11812514.112200902271768386.3-0.1307699.042200902271816082.7-0.1163038.512 200903313091581.10.09185115.8132009033136270.10.0962265.81320090331500384.10.0577894.213200903317354122.60.08863614.373200903319073281.70.07639914.2332009033111996785.10.088718.13200903311251421.80.10322610.263200903311494813.80.1026165.48320090331151920.20.0658586.153200903311528212.30.09000715.383200903311768386.30.080319.623200903311816088.40.0928329.33 2009043030916440.14674318.1342009043036270.10.1549056.71420090430500353.60.1306414.764200904307354140.80.14544216.464200904309073333.60.17849616.7742009043011996908.10.1518529.334200904301251425.50.16666711.974200904301494816.50.1441616.27420090430151920.20.1203256.894200904301528214.90.22886918.942009043017683103.90.17567611.3142009043018160102.20.17204310.94 200905293091658.10.02371818.5652009052936270.10.0178846.83520090529500350.80.0273114.895200905297354145.70.03159216.985200905299073348.60.03935617.4352009052911996979.30.0610939.95200905291251427.20.06766912.785200905291494818.70.0542266.61520090529151920.20.0493477.235200905291528216.10.09894220.7752009052917683105.70.00618911.3852009052918160105.70.04495411.395 200906303091658.90.01993518.9362009063036270.10.0117136.91620090630500349.50.004094.916200906307354144.80.01060117.166200906309073346.1-0.00745817.36200906301199610090.01414110.046200906301251427.90.02582213.1162009063014948200.0015136.62620090630151920.30.0013837.246200906301528215.60.0197421.18620090630176831080.01012311.4662009063018160103.1-0.00942411.256 200907313091672.50.0639220.1472009073136270.10.0998557.6720090731500351.60.0997965.47200907317354158.40.09790218.847200907319073375.90.08265918.73720090731119961083.50.08466110.897200907311251430.10.07932914.157200907311494822.80.0921457.23720090731151920.30.0897797.897200907311528217.40.12936723.9272009073117683121.60.11343812.7672009073118160114.10.11733312.577 200908313091684.40.00943420.3382009083136270.10.0434217.93820090831500349.10.0148155.488200908317354160.60.04140119.628200908319073388.70.03256819.34820090831119961097.80.02754811.198200908311251430.80.02968214.578200908311494824.60.0345787.48820090831151920.40.0164778.028200908311528218.60.12458226.982009083117683130.20.04075213.28820090831181601160.03023112.958 200909303091728.80.0678821.7192009093036270.10.0554858.37920090930500350.10.0474455.749200909307354171.60.07900121.179200909309073414.40.04912120.299200909301199611690.05719411.839200909301251432.30.05902515.439200909301494826.60.0481287.84920090930151920.40.0486288.419200909301528217.90.05353228.3492009093017683138.80.0474413.9192009093018160122.90.06795413.839 200910303091726.1-0.04283720.78102009103036270.1-0.0537637.921020091030500345.9-0.0522655.4410200910307354162.5-0.05668419.9710200910309073393.5-0.04435719.391020091030119961087.4-0.06424311.0710200910301251430.2-0.05703214.5510200910301494825.2-0.0446437.491020091030151920.4-0.0475628.0110200910301528217.8-0.06210326.58102009103017683132.7-0.05607513.13102009103018160110.6-0.0708612.8510 200911303091735.60.01732421.14112009113036270.10.0113648.011120091130500345.60.0367655.6411200911307354168.10.03955920.7611200911309073415.10.04744720.311120091130119961116.90.03432711.4511200911301251431.30.04261215.1711200911301494827.20.0480647.851120091130151920.40.016238.14112009113015282180.03799827.59112009113017683139.50.03427313.58112009113018160114.10.05291813.5311 200912313091781.80.07095622.64122009123136270.10.0689278.512200912315003470.0744686.0612200912317354182.30.08044322.4312200912319073438.30.04923721.311220091231119961186.50.08471612.42122009123112514340.08899116.5212200912311494829.30.0547778.281220091231151920.50.0665588.63122009123115282190.06997929.41220091231176831450.07290114.57122009123118160123.70.07908414.612 201001293091742.5-0.04858721.54132010012936270.1-0.0164718.361320100129500343.6-0.0297035.8813201001297354168.4-0.05751221.1413201001299073430.9-0.02627920.751320100129119961143.3-0.03059612.0413201001291251432.8-0.03450415.9513201001291494828.2-0.0386477.961320100129151920.5-0.0266518.413201001291528219.6-0.02040828.8132010012917683140.8-0.02676714.18132010012918160115.8-0.04383613.9613 201002263091775.60.04549722.52142010022636270.10.0430628.721420100226500343.60.049326.1714201002267354177.10.04777722.1514201002269073447.10.03373521.451420100226119961182.70.029912.414201002261251433.70.0351116.5114201002261494844.90.0414578.291420100226151920.50.0333338.6814201002261528220.30.06458330.66142010022617683156.20.04513414.82142010022618160119.50.04369614.5714 201003313091832.80.0701624.1152010033136270.10.0860099.471520100331500345.80.0632096.5615201003317354192.40.07945823.9115201003319073476.40.06853122.921520100331119961288.70.08225813.4215201003311251436.90.09812218.1315201003311494846.90.0639328.821520100331151920.50.0645169.2415201003311528223.50.11317734.13152010033117683169.40.08438716.04152010033118160128.30.07755715.715 201004303091862.30.0344424.93162010043036270.10.0359039.811620100430500343.30.0609766.9616201004307354208.60.05269825.1716201004309073511.70.05802824.251620100430119961351.50.05141614.1116201004301251439.30.05901819.216201004301494848.60.0408169.181620100430151920.60.0735939.9216201004301528238.50.06592436.381620100430176831910.07730717.28162010043018160136.70.06624216.7416 201005283091812.9-0.05455323.57172010052836270.1-0.0672789.151720100528500339.1-0.0675296.4917201005287354188.7-0.08700822.9817201005289073404.2-0.06020622.791720100528119961234.7-0.07228913.0917201005281251436.5-0.07395817.7817201005281494844.1-0.0697178.541720100528151920.5-0.0645169.2817201005281528250.3-0.05452834.38172010052817683173.8-0.08275515.85172010052818160124.6-0.08482715.3217 201006303091759.8-0.05897322.18182010063036270.1-0.0601098.61820100630500335.6-0.0677976.0518201006307354173.1-0.0861622118201006309073385.8-0.06099221.41820100630119961151.6-0.07104712.1618201006301251434.8-0.07199116.518201006301494841.2-0.0667457.971820100630151920.5-0.0614228.7118201006301528246.9-0.08813331.35182010063017683160.3-0.08177914.53182010063018160113.6-0.08289814.0518 201007303091797.20.05951323.5192010073036270.10.0534889.061920100730500336.80.0644636.4419201007307354186.60.07904822.6619201007309073409.30.05747722.631920100730119961203.50.05345412.8119201007301251436.30.04606117.2619201007301494843.30.0677548.511920100730151920.60.0769239.38192010073015282470.06602933.42192010073017683160.70.070215.55192010073018160122.10.08327415.2219 201008313091753.5-0.04595722.42202010083136270.1-0.0562918.552020100831500332.9-0.0729815.9720201008317354173.4-0.06663721.1520201008319073394.8-0.03667721.82020100831119961123.5-0.05698712.0820201008311251433.6-0.07184216.0220201008311494840.4-0.0517048.072020100831151920.6-0.0746278.6820201008311528237.5-0.09186130.35202010083117683150.3-0.08038614.3202010083118160112.5-0.06964514.1620 201009303091832.70.112424.94212010093036270.10.1052639.452120100930500336.10.1155786.6621201009307354191.90.11914923.6721201009309073432.60.07798223.52120100930119961244.20.11837713.5121201009301251437.90.13295918.1521201009301494844.50.1115248.972120100930151920.70.1082959.6221201009301528236.50.12948934.28212010093017683165.70.10731315.82212010093018160122.30.10946315.7121 2010102930918600.03688925.86222010102936270.20.0317469.7522201010295003370.0435446.9522201010297354197.90.03253124.4422201010299073461.30.03957424.432220101029119961283.30.04959314.1822201010291251439.60.04903619.0422201010291494846.10.0445939.372220101029151920.70.04885710.0922201010291528234.80.0323835.39222010102917683168.60.03476616.37222010102918160125.60.033116.2322 2010113030918820.02706926.56232010113036270.10.02769210.022320101130500337.10.0273387.1423201011307354200.90.03968925.4123201011309073465.30.01105224.72320101130119961323.50.0324414.6423201011301251440.90.04306719.86232010113014948470.0266819.622320101130151920.80.02874110.3823201011301528240.60.05481837.33232010113017683173.80.02443516.77232010113018160128.70.03142316.7423 201012313091937.60.07643128.59242010123136270.20.06387210.662420101231500336.70.0770317.6924201012317354217.80.08382527.5424201012319073501.20.06108225.824201012311199614000.0735915.6924201012311251445.30.09013121.6524201012311494850.20.06841610.252420101231151920.90.06355310.9224201012311528255.30.12805142.082420101231176831930.08527118.22420101231181601390.08960618.2424 201101313091949.30.0150429.02252011013136270.8-0.00281410.632520110131500336.3-0.0026017.6725201101317354211.10.00326827.6325201101319073502.3-0.00620225.6425201101311199614070.00063715.725201101311251445.2-0.00369521.5725201101311494850.40.01073210.362520110131151920.90.01373611.0725201101311528260.5-0.00451541.89252011013117683191.1-0.00054918.19252011013118160137.2-0.00274118.1925 2011022830911009.30.06478330.9262011022836270.80.04327411.092620110228500336.20.0456328.0226201102287354224.40.05790829.2326201102289073521.70.02574126.32620110228119961389.20.04140116.3526201102281251446.80.03894322.4126201102281494852.80.04922810.8726201102281519210.05149111.6426201102281528264.90.05442844.172620110228176832000.05002719.1262011022818160142.60.04837819.0726 2011033130911042.30.03009731.83272011033136270.80.03065811.432720110331500336.60.0274318.2427201103317354226.60.01231629.59272011033190735150.02509526.962720110331119961437.60.03547416.9327201103311251445.60.0236522.9427201103311494853.60.02943911.1927201103311519210.02061911.8827201103311528269.30.02241345.16272011033117683202.10.01233419.262720110331181601460.03303619.727 2011042930911100.90.03612932.98282011042936270.80.01049911.552820110429500337.40.0327678.5128201104297354236.40.04900331.0428201104299073530.40.02893227.742820110429119961510.90.05375117.8428201104291251444.40.0331323.7282011042914948550.02591611.482820110429151921.10.02693612.228201104291528270.70.01040745.63282011042917683206.60.02907619.822820110429181601490.01827420.0628 2011053130911087.3-0.01334132.54292011053136270.8-0.01991311.322920110531500335.7-0.0188018.3529201105317354222.4-0.01675330.5229201105319073519.8-0.01261727.392920110531119961496.4-0.021317.4629201105311251443.5-0.00759523.5229201105311494854-0.01480811.312920110531151921-0.02131111.9429201105311528267.9-0.02717544.39292011053117683210.6-0.01866819.45292011053118160143.7-0.01894319.6829 2011063030911065-0.01413632.08302011063036270.2-0.00971711.213020110630500333.6-0.0155698.2230201106307354215.7-0.0167130.0130201106309073505.5-0.02190626.793020110630119961438.4-0.02119117.0930201106301251441.4-0.02933722.8330201106301494852.4-0.02210411.063020110630151921.1-0.00502511.8830201106301528263.8-0.0123943.84302011063017683202.1-0.02194418.99302011063018160139-0.0218519.2530 2011072930911003.6-0.04675830.58312011072936270.2-0.0258710.923120110729500330.9-0.035287.9331201107297354200.5-0.04765128.5831201107299073487.1-0.02762226.053120110729119961390.8-0.02574616.6531201107291251439.8-0.03372822.0631201107291494850.1-0.03435810.683120110729151921-0.03114511.5131201107291528261.2-0.03718142.21312011072917683191.9-0.03791518.27312011072918160133.2-0.02753218.7231 201108313091896.5-0.08665827.93322011083136270.2-0.06410310.223220110831500328-0.0706187.3732201108317354183.5-0.07767726.3632201108319073441.5-0.0802323.963220110831119961232.2-0.08708715.232201108311251436-0.09156820.0432201108311494844.9-0.0749069.883220110831151920.8-0.07645510.6332201108311528245.8-0.10305637.86322011083117683179.5-0.09742716.49322011083118160121.3-0.12019216.4732 201109303091784.6-0.0984625.18332011093036270.2-0.1017619.183320110930500324.1-0.1126196.5433201109307354160-0.11494723.3333201109309073399.2-0.09348921.723320110930119961079.9-0.11358313.2533201109301251431.7-0.11626717.7133201109301494839.7-0.0981788.913320110930151920.7-0.1194739.3633201109301528238.5-0.14659332.31332011093017683160.9-0.10515614.73332011093018160107-0.11050414.6533 201110313091875.90.13899928.68342011103136270.20.13289810.43420111031500327.10.1544347.55342011103173541770.15773727.0134201110319073436.50.1017523.933420111031119961234.30.16075515.3834201110311251436.20.15245620.4134201110311494844.70.13355810.13420111031151920.70.15598310.8234201110311528242.80.15846537.433420111031176831890.15818117.06342011103118160122.90.15904416.9834 201111303091863.8-0.00662528.49352011113036270.20.00576910.463520111130500326.6-0.0026497.5335201111307354172.4-0.01851226.5135201111309073429.2-0.01796923.53520111130119961173.1-0.0338114.8635201111301251436.10.0029420.4735201111301494844.1-0.0029710.073520111130151920.6-0.00831810.7335201111301528242.1-0.01389336.91352011113017683186.90.00117217.08352011113018160120.3016.9835 201112303091836-0.00924327.71362011123036270.40.00669210.533620111230500326.10.0106247.6136201112307354168.3-0.01524225.9436201112309073431.50.01917423.043620111230119961147.30.00890914.9136201112301251435.90.00307120.2236201112301494843.70.00297910.13620111230151920.60.02252810.9236201112301528241.80.00785737.2362011123017683188.20.01390217.27362011123018160117.8-0.00235616.9436 201201313091886.60.07686829.84372012013136270.40.04083610.963720120131500327.70.0683318.1337201201317354178.80.09020828.2837201201319073436.50.05859424.393720120131119961188.70.05902115.7937201201311251438.20.07665721.7737201201311494845.70.05445510.653720120131151920.70.06868111.6737201201311528245.30.08440940.34372012013117683198.40.06658918.42372012013118160123.60.07260918.1737 201202293091895.60.04926331.31382012022936270.40.01642311.143820120229500328.60.019688.2938201202297354182.70.03500729.2738201202299073444.90.0430525.443820120229119961222.20.04433216.4938201202291251439.60.04869122.8338201202291494846.50.03004710.973820120229151920.70.02056611.9138201202291528243.10.04387742.11382012022917683200.60.0206318.8382012022918160122.80.01210818.3938 2012033030919050.01884431.9392012033036274.50.02064611.373920120330500329.30.025968.539201203307354186.30.03040730.1639201203309073440.4-0.00825525.233920120330119961255.70.01576716.7539201203301251440.30.01839723.2539201203301494846.10.02552411.253920120330151920.70.01847212.1339201203301528243.70.0187642.9392012033017683196.90.0342719.41392012033018160125.60.03153918.9739 201204303091879.9-0.00125431.86402012043036274.5-0.00439811.324020120430500327.8-0.0164718.3640201204307354169.1-0.01923129.5840201204309073434.2-0.01506124.854020120430119961233.5-0.00537316.6640201204301251439.6-0.01978522.7940201204301494845-0.01333311.14020120430151920.7-0.01731211.9240201204301528240.7-0.01794942.13402012043017683192.6-0.0139119.14402012043018160123.1-0.00790718.8240 201205313091805-0.07689929.41412012053136274.3-0.06095410.634120120531500325.2-0.0729677.7541201205317354156-0.05882427.8441201205319073403.9-0.06358123.274120120531119961156.2-0.06122415.6441201205311251436.2-0.08600320.8341201205311494841.3-0.06846810.344120120531151920.6-0.07550311.0241201205311528238-0.05957739.62412012053117683180.1-0.06374117.92412012053118160114.4-0.07332617.4441 2012062930918210.02686230.2422012062936274.50.04045211.064220120629500325.90.0425818.0842201206297354157.50.02630828.52422012062990734130.0322324.024220120629119961175.10.03069116.1242201206291251437.10.03264521.5142201206291494842.30.03771810.734220120629151920.70.04083511.4742201206291528240.20.05174241.67422012062917683184.60.04927118.75422012062918160118.80.03841718.1142 201207313091803.8-0.00397430.08432012073136274.5-0.01446710.94320120731500325.3-0.0037138.0543201207317354145.3-0.02068727.9343201207319073406.9-0.00249823.964320120731119961166.30.00124116.1443201207311251436.1-0.02231521.0343201207311494841.7-0.00279610.74320120731151920.60.00087211.4843201207311528238.9-0.01439941.07432012073117683185.1-0.006418.63432012073118160116.3-0.01159617.943 201208313091818.70.03224731.05442012083136274.70.01192711.034420120831500325.40.033548.32442012083173541500.04511329.1944201208319073411.40.01919924.424420120831119961185.20.03035916.6344201208311251437.70.05515922.19442012083114948430.03925211.124420120831151920.60.0322311.8544201208311528239.70.03092342.34442012083117683189.10.03542719.29442012083118160118.20.02737418.3944 201209283091822.60.021931.73452012092836274.90.02991811.364520120928500324.80.0177648.4545201209287354151.70.02089829.845201209289073422.20.0331725.234520120928119961198.80.0308316.5645201209281251438.40.02343422.7145201209281494843.20.02787811.434520120928151920.60.02869212.1945201209281528240.40.02905143.57452012092817683194.80.02927619.854520120928181601200.02229518.845 201210313091784.1-0.01292231.32462012103136270.6-0.01760611.164620121031500323.8-0.0272198.2246201210317354146.9-0.02785228.9746201210319073398.40.00039625.244620121031119961141.9-0.03502415.9846201210311251435.4-0.06428921.2546201210311494841.3-0.01924811.214620121031151920.6-0.01148512.0546201210311528240.70.00160743.64462012103117683194.7-0.00554219.74462012103118160118.4-0.00531918.746 201211303091784.90.02809732.2472012113036270.6-0.00089611.154720121130500323.10.0170328.3647201211307354149.90.02519829.747201211309073395.40.00713225.424720121130119961129.80.00813516.1147201211301251435.20.01317621.53472012113014948410.01873311.424720121130151920.60.01908712.2847201211301528243.80.01168744.15472012113017683230.10.00759919.89472012113018160116.30.00802118.8547 2012123130917720.01846630482012123136270.70.028711.474820121231500322.90.030788.57482012123173541520.0304628.2148201212319073398.30.02307324.954820121231119961122.50.01067515.79482012123112514360.04232420.5848201212311494840.60.02357711.564820121231151920.70.02471712.4848201212311528247.10.03769245.69482012123117683244.20.03848620.58482012123118160117.90.03607419.5348 201301313091819.20.0732.1492013013136270.80
usfunddataapril2021-se1eeqt3-sy0utz2v-osvm0nxn.xls
Answered Same DayApr 16, 2022

Answer To: These questions are to be answered using the spreadsheet entitled USFundDatawhich is attached. This...

Neha answered on Apr 17 2022
95 Votes
Summary
                1.00    2.00    3.00    4.00    5.00    6.00    7.00    8.00    9.00    10.00    11.00    12.00
                AIM Growth Series (Invesco Growth Series): Invesco Small Cap Growth Fund; Class A Shares    Dunham Funds: Dunham Small Cap Value Fund; Class A Shares    American Century Quantitative Equity Funds, Inc: Small Company Fund; A Class Shares    Columbia Acorn Trust: Columbia Acorn USA Fund; Class A Shares    Diamond Hill Funds: Diamond Hill Small Cap Fund; Class A Shares    Fidelity Securities Fund: Fidelity Small Cap Growth Fund    Nuveen Investment Funds, Inc: Nuveen Small Cap Growth Opportunities Fund; Class A Shares    Hartford Mutual Funds, Inc: Hartford Small Cap Value Fund; Class A Shares    Nationwide Mutual Funds: Nationwide Bailard Cognitive Value Fund; Class A Shares    Hotchkis & Wiley Funds: Hotchkis & Wiley Small Cap Value Fund; Class A Shares    JPMorgan Trust II: JPMorgan Small Cap Value Fund; Class A Shares    Legg Mason Partners Equity Trust: ClearBridge Small Cap Value Fund; Class A Shares
        First 66    Arithematic Average    0.02    0.01    0.02    0.02    0.02    0.02    0.02    0.02    0.02    0.02    0.02    0.02
            Geometric Average    28.22    10.48    7.76    26.22    24.58    14.88    19.66    10.13    10.75    38.96    18.08    17.43
            Money Weighted Returns    0.40    0.19    0.19    0.35    0.26    0.47    0.46    0.61    0.21    0.41    0.20    0.25
            Sharpe ratio    0.35    0.26    0.29    0.28    0.31    0.32    0.31    0.35    0.28    0.35    0.27    0.26
            One alpha factor    15.00    22.00    66.00    33.00    44.00    11.00    22.00    3.00    4.00    13.00    11.00    4.00
            three alpha factor    8.00    10.00    1.00    2.00    6.00    9.00    13.00    9.00    2.00    44.00    5.00    12.00
            Four alpha factor    3.00    8.00    4.00    34.00    2.00    5.00    6.00    44.00    10.00    2.00    13.00    11.00
            Information ratio    5.12    (16.33)    (11.09)    4.93    7.45    4.04    5.77    11.20    12.30    14.12    12.14    4.19
        Second 66    Arithematic Average    0.01    0.01    0.00    0.01    0.00    0.01    0.01    0.01    0.00    0.00    0.00    0.00
            Geometric Average    36.51    14.90    13.51    17.75    33.19    22.17    22.03    12.37    12.59    56.31    26.48    19.78
            Money Weighted Returns    0.34    0.13    0.13    0.16    0.06    0.25    0.23    0.21    0.10    0.10    0.09    0.06
            Sharpe ratio    17.97    11.34    8.37    15.99    7.26    20.99    14.07    10.72    7.95    6.60    7.63    7.18
            One alpha factor    5.00    6.00    6.00    5.00    7.00    6.00    44.00    10.00    2.00    13.00    11.00    2.00
            three alpha factor    5.00    7.00    5.00    8.00    8.00    14.00    2.00    4.00    12.00    43.00    6.00    34.00
            Four alpha factor    7.00    9.00    88.00    7.00    10.00    15.00    12.00    2.00    14.00    10.00    45.00    13.00
            Information ratio    11.43    30.33    (11.88)    (12.68)    (13.29)    (11.83)    (2.38)    (3.24)    (10.42)    (14.42)    (11.90)    1.27
        1    Expenses and glide path are just two factors that investors should consider.Target-date funds make saving for retirement a breeze. They provide access to a wide range of markets, active and passive management, and a choice of asset allocation options. Despite its simplicity, target-date funds require investors to keep track of asset allocation, fees, and investment risk.
        2    My pick
            American Century Quantitative Equity Funds, Inc: Small Company Fund; A Class Shares    For the return and risk balance and the cinstant growth this fund shows.
ids_dates_returns_sizes_nav
    1.00                            2.00                            3.00                            4.00                            5.00                            6.00                            7.00                            8.00                            9.00                            10.00                            11.00                            12.00
    Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per Share    Observations        Date    Fund Identifier    Total Net Assets as of Month End    Total Return per Share as of Month End    Monthly Net Asset Value Per...
SOLUTION.PDF
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?