Question International Mutual Funds. Let’s invest in international equities!… International Mutual Funds.Let’s invest in international equities!Log onto www.fidelity.comNews & Research [third tab at the top]Mutual Funds [fifth tab at the left]Do not click on “0” Transaction Fees or “$ Transaction Fee or Load”. There should be a total of about 9600 funds.For Asset Class, click on International EquityFor Category, click onDiversified Emerging MarketsThere should be 279 funds!Then “Results” Click on the fund, Fidelity Emerging Markets Fund. Its ticker symbol is FEMKX. Question 1. If you bought FEMKX ten years ago; that is, on 4/30/2012, how much would it have been worth on 4/30/2022? [Hint: Hover over the date on the Hypothetical Growth of $10,000 chart.] Question 2. If you bought FEMKX ten years ago; that is, on 4/30/2012, how much would it have been worth four years ago [on 4/30/2018]? [Hint: Hover over the date on the Hypothetical Growth of $10,000 chart.] Question 3: What was its 4-year average annual return? That is, what was its geometric average return for the four years ending 4/30/2022? SHOW WORK … either keystrokes for a calculator, or an equation, or formula on Excel. YOU MUST SHOW YOUR WORK … NO WORK … NO POINTS.Show your work here: Question 4: What was its 10-year average annual return? That is, what was its geometric average return for the ten years ending 4/30/2022? SHOW WORK … either keystrokes for a calculator, or an equation, or formula on Excel. YOU MUST SHOW YOUR WORK … NO WORK … NO POINTS.Show your work here: Question 5: What is the benchmark for FEMKX ? [No abbreviations, please.] Question 6: What has been the benchmark’s return for the last 5 years?YOU MUST SHOW YOUR WORK … NO WORK … NO POINTS.Show your work here: Question 7: What has been the benchmark’s return for the last 10 years?YOU MUST SHOW YOUR WORK … NO WORK … NO POINTS.Show your work here: Question 8: How much would you pay annually to Fidelity in management fees to manage FEMKX? Express your answer in dollars for a hypothetical $10,000 account. Stated differently, if I invested $10,000 in FEMKX , I would pay Fidelity $________________ per year to manage the account. [Hint: Look at the “Net fees”.] YOU MUST SHOW YOUR WORK … NO WORK … NO POINTS.Show your work here: Click on the “Composition” tab:SummaryPerformance & RiskRatingsCompositionFees & DistributionsCommentaryView All TabsQuestion 9: Which three countries have the highest weight in FEMKX, and what are their corresponding weights?1. Country 1: ___________________________________ Weight _______________%2. Country 2: ___________________________________ Weight _______________ %3. Country 3: ___________________________________ Weight _______________ % Question 10: When you buy this fund, what currencies have the highest weights?1. Currency 1: __________________________________ Weight _______________%2. Currency 2: __________________________________ Weight _______________%3. Currency 3: __________________________________ Weight ________________% Questions 11: Is this fund “active” or “passive”? Question 12: Why? Be specific. Give two reasons … with facts and numbers. Questions 13. Let’s look at “market efficiency”. How many managers had higher returns than the benchmark for the last 5 years?What percent of managers had higher returns than the benchmark for the last 5 years? Question 14. How many managers had higher returns than the benchmark for the last 10 years?What percent of managers had higher returns than the benchmark for the last 10 years? Question 15. Rank the follow asset classes by most efficient to least efficient.Large blend FXAIX [S&P500] On Test1Small blend FSSNX [Russell 2000] On Test2 Diversified Emerging Markets [Answer to Question 5 above] On Remote2 Accounting Business Financial AccountingFIN 350
