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A mutual fund's strategic goal is to allocate 74 percent of its portfolio to stocks and 16 percent to bonds, with the remainder being invested

A mutual fund's strategic goal is to allocate 74 percent of its portfolio to stocks and 16 percent to bonds, with the remainder being invested in cash. At the beginning of the current reporting period the actual portfolio weights were 68 percent in stocks and 18 percent in bonds, and the rest invested in cash. The fund's stock portfolio earned 11.93 percent while the stock index the fund benchmarks against earned 14.81. The fund's bond portfolio earned 5.09 percent and during that same period the bond index earned 4.52. The cash rate was 2.72 during the period.What was the contribution of stock selection to the fund's performance relative to benchmark?

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