An index fund vs and actively managed fund has a typical difference in performance (on average across all funds and managers) of that the actively managed funds

a.Underperforms the indexes by 1.5% before the fees they charge

b.Underperforms the indexes on average by about the fees they charge

c.On average outperforms the indexes by twice as much (i.e. 2X the return of an index

d.Outperform every index each year