Which of the Following Is Not a Reason to Pay

Which of the following is not a reason to pay fees and expenses associated with mutual funds?

A) Mutual funds provide greater diversification than most investors can achieve on their own.
B) You feel the manager is a superior investor.
C) Mutual funds tend to have greater returns than the stock market as a whole.
D) The fund specializes in a particular country you want to invest in, but are unable to research particular assets because of distance, costs, etc.
E) Mutual funds provide recordkeeping for shareholders.