Which sector made the greatest negative contribution to the portfolios performance? Explain why this investment made the greatest negative contribution based on the differences in weighting and the sector over- or under- performance.

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%