Portfolio Performance Evaluation

Attribution Analysis

Excess Return: Managed Portfolio vs Benchmark

Benchmark Return of Index

Component Weight during Period Performance
Equity (FUSEX) 60% 5.81% 3.49%
Bonds (VUSTX) 30% 1.45% 0.44%
Cash 10% 0.48% 0.05%

Bogey (Benchmark Portfolio) Return 3.97%

Return of Managed Portfolio 5.34%
Excess return of managed portfolio 1.37%
Contribution of Asset Allocation to Performance

(1) (2) (3) (4) (3)x(4)

Component
Managed Benchmark Return minus
Portfolio Portfolio Excess Total Benchmark Contribution to
Component Weights Weights Weight Return Performance
Equity 70% 60% 10% 1.84% 0.184%
Bonds 7% 30% -23% -2.52% 0.579%
Cash 23% 10% 13% -3.49% -0.454%

Contribution of Asset Allocation 0.310%

Contribution of Security Selection to Performance

(1) (2) (3) (4) (3)x(4)

Managed Component
Portfolio Index Excess Managed Portfolio Contribution to
Component Performance Performance Performance Weight Performance
Equity 7.28% 5.81% 1.47% 70.00% 1.029%
Bonds 1.89% 1.45% 0.44% 7.00% 0.031%
Cash 0.48% 0.48% 0.00% 23.00% 0.000%

Contribution of Security Selection 1.060%

Portfolio Attribution Summary

Contribution
1 Asset Allocation 0.310%
2 Selection
1 Equity excess return 1.029%
2 Bonds excess return 0.031%
3 Cash excess return 0.000% 1.060%
Total excess return on portfolio 1.370%