Use the table below to answer the following sections (I, II). If the long-term Commonwealth bonds is 2.50%p.a., the return (standard deviation) for market index is 9.65% p.a. (17% p.a.) Average Return (% p.a.). Standard deviation (% p.a.) Beta Fund STR 10.50 3.40 1.00 Fund SHP 20.70 5.60 1.97 Fund ENT 12.30 7.40 0.73 Fund GLX 18.40 5.85 1.19 Required 1. Which fund has the lowest overall risk versus its return? II. Which funds following Jensen's alpha outperformed the market