NO.PZ202212270100001802
问题如下：
Based on Exhibit 1, which of the following factors contributed the least to active return?
选项：
A.HML
SMB
RMRF
解释：
Correct Answer: B
With an absolute return of 0.29% and with 7.33% of the contribution to return, SMB contributed far less than HML (2.02% and 50.53%, respectively) and RMRF (5.06% and 126.80%, respectively).
如果本题选项中有WML，是不是依然选择SMB
