Question: When evaluating the performance of equity mutual funds, using a single factor model with the S&P 5 0 0 index may not be adequate because

When evaluating the performance of equity mutual funds, using a single factor model with the S&P 500 index may not be adequate because many funds:
Multiple choice question.
have a high turnover rate.
invest in small stocks.
are actively managed.
are pass-through entities.

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