1. Here is ur portfolio and benchmark return:

   Benchmark performance Portfolio performance

   Equity 60 4% Equity 40 3.5%

   Treasury 40 2.6% Treasury 40 2.6%

   High Yield 0 3% High Yield 20 3%

   What is the security selection effect of the Portfolio versus the Benchmark?

   		-30 bps
   		-45 bps
   		-55 bps
   		NONE OF THE ABOVE