Which statements concerning putnum mostly likely to be true

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Problem 1: Putnum Small Cap fund has an R2 of 27%. Which of the following statements concerning Putnum is mostly likely to be true:

Option 1: Putnum less systematic risk than the market (S&P 500) portfolio

Option 2: Putnum portfolio is not well diversified relative to the S&P 500

Option 3: Putnum is more tax efficient than the Vanguard Index 500 fund

Option 4: Putnum is a value fund

Reference no: EM132768895

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