MUTUAL FUND EXERCISE FOR SMALL STOCKS You've learned that small stocks outperform large stocks over the long run. Theory is nice, but you want to profit from it. Use Fidelity's Website: www.fidelity.com News and research US equity Small Blend Click on "See Results", Click on "Net fees" to find the fund with the lowest fees. Its ticker symbol is "FSSNX". Assume that you invested $10,000 at "inception"; that is, 9/8/2011. Q1. What was your investment in FSSNX worth on March 31, 2021? Q2. What was your investment of FSSNX worth on March 31, 2017? Q3. What was its 4-year average annual return (geometric average return) from March 31, 2017 to March 31, 2021? Show work and keystrokes. SHOW WORK! NO WORK.. NO POINTS Q4. What was its average annual return (geometric average return) since inception [that is, from 9/8/2011 to March 31, 2021]? Show work and keystrokes. SHOW WORK! NO WORK ... NO POINTS HINT: When you use the top row on your calculator and enter the number of periods (N can be a decimal!!! 05. If you invested $10,000 in this fund, how much would you pay Fidelity annually to manage the account? Show work. SHOW WORK! NO WORK. NO POINTS Q6. What is the benchmark? 07. How many funds have "similar style"? That is, in this universe, how many funds have the style of US equity "Small Blend"? 08. This style is "Small Blend". What is it a "blend of? 09. Is this fund (FSSNX ) active or passive? Why? Q10. For the 5 years ending March 31, 2021, how many portfolios with this style had higher returns than FSSNX? (Hint: Click on the 5-year column.]. Q11. For the 5 years ending March 31, 2021, what percent of the portfolios with this style had higher returns than FSSNX? Q12. Does this indicate that the market for this style (Small Blend) is efficient? Q13. Why or why not? Q14. Provide the following information for the fund that had the highest 5-year return. Name: Ticker Symbol: 5-year Return: Number of holdings: Q15. Does this best-performing portfolio have more risk than the benchmark? Why or why not? MUTUAL FUND EXERCISE FOR SMALL STOCKS You've learned that small stocks outperform large stocks over the long run. Theory is nice, but you want to profit from it. Use Fidelity's Website: www.fidelity.com News and research US equity Small Blend Click on "See Results", Click on "Net fees" to find the fund with the lowest fees. Its ticker symbol is "FSSNX". Assume that you invested $10,000 at "inception"; that is, 9/8/2011. Q1. What was your investment in FSSNX worth on March 31, 2021? Q2. What was your investment of FSSNX worth on March 31, 2017? Q3. What was its 4-year average annual return (geometric average return) from March 31, 2017 to March 31, 2021? Show work and keystrokes. SHOW WORK! NO WORK.. NO POINTS Q4. What was its average annual return (geometric average return) since inception [that is, from 9/8/2011 to March 31, 2021]? Show work and keystrokes. SHOW WORK! NO WORK ... NO POINTS HINT: When you use the top row on your calculator and enter the number of periods (N can be a decimal!!! 05. If you invested $10,000 in this fund, how much would you pay Fidelity annually to manage the account? Show work. SHOW WORK! NO WORK. NO POINTS Q6. What is the benchmark? 07. How many funds have "similar style"? That is, in this universe, how many funds have the style of US equity "Small Blend"? 08. This style is "Small Blend". What is it a "blend of? 09. Is this fund (FSSNX ) active or passive? Why? Q10. For the 5 years ending March 31, 2021, how many portfolios with this style had higher returns than FSSNX? (Hint: Click on the 5-year column.]. Q11. For the 5 years ending March 31, 2021, what percent of the portfolios with this style had higher returns than FSSNX? Q12. Does this indicate that the market for this style (Small Blend) is efficient? Q13. Why or why not? Q14. Provide the following information for the fund that had the highest 5-year return. Name: Ticker Symbol: 5-year Return: Number of holdings: Q15. Does this best-performing portfolio have more risk than the benchmark? Why or why not