onsider the following information regarding the performance of amoney manager in a recent month. The table presents the actualreturn of each sector of the manager’s portfolio in column (1), thefraction of the portfolio allocated to each sector in column (2),the benchmark or neutral sector allocations in column (3), and thereturns of sector indexes in column (4).

	(1) Actual Return			(2) Actual Weight			(3) Benchmark Weight			(4) Index Return
Equity		2.9%			0.50			0.40		3.7%		(S&P 500)
Bonds		2.0			0.20			0.30		2.6		(Aggregate Bond Index)
Cash		1.7			0.30			0.30		1.7

a-1. What was the manager’s return in themonth? (Do not round intermediate calculations. Round youranswer to 2 decimal places.)

Manager’s return            %

a-2. What was her over or underperformance?(Input the value as positive value. Do not roundintermediate calculations. Round your answer to 2 decimalplaces.)

(Click toselect)UnderperformanceOverperformance         %

b. What was the contribution of securityselection to relative performance? (Negative value shouldbe indicated by a minus sign. Do not round intermediatecalculations. Round your answer to 2 decimal places.)

Contribution of security selection            %

c. What was the contribution of asset allocationto relative performance? (Do not round intermediatecalculations. Round your answer to 2 decimal places.)

Contribution of asset allocation            %