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Did the performance turned in by the investment manager underperform or outperform the S&P 500? By how much? Show your work. You would have to

Did the performance turned in by the investment manager underperform or outperform the S&P 500? By how much? Show your work.

You would have to find the weighted averages of the two portfolios and compare that.

Sector Portfolio Weight S&P Weighting Differences in Weighting Portfolio Return S&P Return Sector over-or under Performance Sector Allocation Contributions
Telecommunications Services 3.10% 5.90% -2.80% 2.50% 3.10% .60% -1.68%
Utilities 7.50% 3.80% 3.70% 3.10% 1.90% 1.20% 4.44%
Information Technology 14.30% 17.90% -3.60% 4.90% 3.20% 1.70%

-6.12%

Materials 6.30% 3.70% 2.60% 4.80% 5.10% -0.30% -0.78%
Financials 13.40% 17.10% -3.70% 6.20% 4.80% 1.40% -5.18%
Consumer Discretionary 12.70% 13.50% -0.80% 2.10% 4.00% -1.90% 1.52%
Industrials 14.10% 11.90% 2.20% 4.90% 3.10% 1.80%

3.96%

Energy 8.40% 8.00% 0.40% 3.70% 8.60% -4.90% -1.96%
Healthcare 15.30% 11.70% 3.60% 9.80% 5.70% 4.10% 14.76%
Consumer Staples 4.90% 6.50% -1.60% 1.50% 13.20% -11.70% 18.72%

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