Over the 10-year period ending September 30, 1997, less than 50% of mutual funds beat their category average in five out of the ten years.

Question

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Over that 10-year period, most mutual funds underperformed their category average, indicating that less than half were able to outperform the average in at least half of those years. This reflects the challenges many mutual funds face in consistently beating the market or their category benchmarks.

Over the 10-Year Period Ending September 30, 1997, Less Than