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1. What is the Active Return of the foundation? (i.e., return of fund minus return of benchmark) 2. What is the Allocation component of the



1. What is the Active Return of the foundation? (i.e., return of fund minus return of benchmark) 

2. What is the Allocation component of the Active Return? 

3. What is the Pure Selection component of the Active Return (ie., not including Interaction/Mixed Origin)?



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A B 1 C D E Portfolio Weight Return Weight Benchmark at beginning through the at beginning of Return through 2 Asset Classes of year year year the year 3 Cash 10% 0.5% 6% 0.1% 4 Domestic Bonds 22% 1.0% 20% 3.0% 5 Foreign Bonds 10% 3.0% 15% 2.0% Domestic Equities 17% -0.5% 14% -0.1% 7 Foreign Equities 12% 1.0% 16% 4.0% 8 Mortages 5% 5.0% 3% 0.5% 9 Real Estate 16% 1.0% 20% 2.0% 10 Commodities 4% 12.0% 4% 10.0% 11 Private Equity 3% 2.0% 1% 1.0% 12 Hedge Funds 1% 1.0% 1% 3.0% 13 Total 100.00% 100.00% 14

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