In this assignment, you are required to analyze mutual funds to determine their abnormal return using a modified version of the Fama-French model discussed in class: Rp-RF = α +β1 (Rm-RF)+β2 SMB +β3 HML+β4 RMW+β5 CMA +β6 UMD This is a 6-factor APT model. SMB (small minus big): Reflects the monthly return difference between portfolios of small and large firms, capturing the influence of smaller firms. HML (high minus low): Represents the monthly return difference between high and low bookto- market companies, emphasizing the typically higher returns of value stocks. RMW (robust minus weak): Captures the monthly return difference between firms with high and low operating profitability. CMA (conservative minus aggressive): Denotes the monthly return difference between firms with conservative versus aggressive investment approaches. UMD (up minus down): Represents momentum by comparing the monthly returns of topperforming portfolios to those that underperform, based on returns from the 12th to the 2nd month. UMD is also known as "Mom". The intercept (α) from the model represents monthly abnormal returns the fund has generated even after all the above conventional risk factors are controlled. Your task involves analyzing the abnormal returns (α) of the below mutual funds where Rp indicates a mutual