One of the key differences between a total return mandate and a structured mandate is:

Select one

A$.$ In$.$ total return mandate the client is responsjble for ensuring that the benchmark is consistent with the client's overall objectives, whereas in a structured mandate the portfolio manager must customize the portfolio to the specific characteristics of the client's liabilities.

B$.$ In$.$ total return mandate, the portfolio manager need not be concerned with income or cash flows whereas structured mandates are all about cash flows.

C$.$ In a total return mandate, the portfolio manager can invest in the broad range of foxed income instruments, whereas a structured mandate is typically limited to certain types of instruments, such as securitized loans.

D$.$ In i$.$ total return mandate, the portfolio manager is tasked with long$-$term growth of the assets with few, if any, other guidelines whereas in a structured mandate the portfolio manager is measured against a benchmark and must adhere to a set of rules with respect to portfolio characteristics