The comparison universe is not:. a. a concept found only in astronomy.
b. the set of all mutual funds in the world.
c. the set of all mutual funds in the U. S.
d. a set of mutual funds with similar risk characteristics to your mutual fund.
e. a concept found only in astronomy, the set of all mutual funds in the world, or the set of all mutual funds in the U. S.

E. a concept found only in astronomy, the set of all mutual funds in the world, or the set of all mutual funds in the U.S.

Explanation:

This is a set of investment patterns or styles that particularly rates or monitors different managers working patterns. This is seen to be done from different tines to the other. This is sometimes misinterpreted to be funds index benchmark, but it is not. It has different work flow patterns and advantages which includes analyzing of data locally, working interface here permits the creation of the universe easy work flow interface, also knowing to write and understand SQL structures of data and many much more.

But the comparison universe can be said to not be a set of mutual funds with similar risk characteristics to your mutual fund.

answer; intensive use of a sales force and is relatively costly;