In a particular month, Peter Lynch's Fund eamed a retum of 1% by making the following investments in equity and fixed-income: Weight Retum Fixed Income 20% 5% Equity 80% 0% During that same month, the retum earned by the benchmark portfolio was 2%, calculated from the following information: 3 Weight Retum Fixed-income (Goldman Sachs Index) 50% 5% Equity (S&P 500 Index) 50% -1% where the S&P 500 Index includes two sectors: value stocks and growth stocks, with the following proportions and retums: Equity Sectors Weight on the S&P 500 Return Value Stocks 50% 1% Growth Stocks 50% -3% Assume that, during that month, the "Equity" portion of the Lynch Fund portfolio was invested 20% in value stocks and 80% in growth stocks. Note that overall the Lynch Fund underperformed the benchmark by 1%. (a) The retum of portfolio equity was 0%, and the retum of benchmark equity was -1%, so relative to the benchmark the performance of the portfolio equity was higher by +1% What is the contribution from equity sector allocation across value and growth stocks to this relative performance of the equity portion of the portfolio? 6) How much of -1% overall negative performance of the Lynch Fund relative to the benchmark is attributed to security selection across value and growth stocks