Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds. Using the number of funds as weights, compute the weighted average total return for the mutual funds covered by Morningstar.    Type of Fund Number of Funds Total Return (%) Domestic Equity 1419 6.75 International Equity 2900 11.36 Specialty Stock 2621 4.65 Hybrid 9191 18.15

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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.

Using the number of funds as weights, compute the weighted average total return for the mutual funds covered by Morningstar. 

 

Type of Fund

Number of Funds

Total Return (%)

Domestic Equity

1419

6.75

International Equity

2900

11.36

Specialty Stock

2621

4.65

Hybrid

9191

18.15

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