An investment firm's database lists five mutual funds with their performance and risk metrics: | Fund | 1-Year Return (%) | 3-Year Return (%) | Expense Ratio (%) | Risk Level | |------|-------------------|-------------------|-------------------|------------| | A | 8 | 12 | 0.85 | Medium | | B | 15 | 9 | 0.60 | High | | C | 10 | 11 | 0.70 | Medium | | D | 6 | 13 | 0.90 | Low | | E | 12 | 8 | 0.55 | Medium | An investor seeks a fund with a 3-year return greater than 10% AND an expense ratio less than 0.75%. Which fund(s) meet these criteria?
✓ Correct Answer: Option C
Fund A: 3-year return (12%) > 10%, but expense ratio (0.85%) is NOT < 0.75%. Fund C: 3-year return (11%) > 10% AND expense ratio (0.70%) < 0.75%. Fund D: 3-year return (13%) > 10%, but expense ratio (0.90%) is NOT < 0.75%. Only Fund C meets both criteria.