Frongello Method Linking Relative Attribution Problem Calculate the Cumulative Adjusted Contribution to Performance from Bonds, Stocks and Real Estate Period 1 2 3 Performance Relative Performance Contribution Portfolio Benchmark Bonds Stocks Real Estate 10% 5% 2.5% 1.5% 1.0% -2% -1% 1.5% -3.0% 0.5% 14% 10% 0.0% 3.0% 1.0%