Selecting the Appropriate Benchmark for Equity Performance Evaluation

Emily is a portfolio manager who has recently been tasked with evaluating the performance of her equity investment strategy. To assess her strategy's performance effectively, she is considering which benchmark to use. She wants to select a benchmark that not only reflects the investment universe of her portfolio but also accommodates the specific risk profile and investment style she employs.

Considering the above scenario, which of the following benchmarks would be most appropriate for Emily's evaluation?