An active portfolio manager outperformed the benchmark last year by 2.75 %, where the benchmark is the S&P500 index. In analyzing the portfolio for return attribution using the Carhart 4 factor model, you find the following results:

Factor	Portfolio Sensitivity	Benchmark sensitivity	Factor return (%)
RFRF	1.00	1.01	5.69
SMB	-1.08	-0.96	2.13
HML	0.59	0.05	4.02
WML	0.37	0.10	5.34

What was the return to the portfolio resulting from the security selection component?

Hint: Calculate the return differential due to the factor tilts. The difference between total active performance and the factor tilt impact, i.e. whatever is left, is due to security selection.