concerning how the actions of plan administrators and plan participants affect selection and performance of pension funds and …

different between the Morningstar 500's (1999) large-cap mutual funds that are DEA performance efficient and inefficient. The … different between performance efficient and inefficient funds and the nature of their relationships. The variable values … characterizing the investment style of large cap DEA performance efficient funds as predominantly value rather than growth …

performance are provided and discussed. Fourth, Bogle's Stewardship Quotient is provided and discussed. Fifth, Zweig's attributes …

to expenses, size, performance, trading, and numerous other factors. The mutual fund discussions include the following …. 3. Fund size greatly reduces performance. 4. Fund expense ratios are consistent with economies of scale at both fund and … evidence fund size erodes performance. 11. As industry size increases, fund manager ability to outperform passive benchmarks …