Question: MGMT is an ETF that is actively managed. It has an expense ratio of 0.77% (per annum). PASS is a passive ETF with an expense

MGMT is an ETF that is actively managed. It has an expense ratio of 0.77% (per annum). PASS is a passive ETF with an expense ratio of 0.08% (per annum). If MGMTs portfolio returns 5.85% in the coming year prior to fees, then what must the portfolio returns prior to fees be in PASS for it to have a similar return net of fees to its investors (stated in percentage points, so 3.00% is entered as 3.00)?

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