You just finished the first quarter managing a portfolio for a client. The initial investment was $$300,000$ and at the end of the quarter the value was $$316,250.$ Your performance is judged against a combination of U$.$S$.$ and Non$-$U$.$S$.$ equity indices. The U$.$S$.$ index is the S&P $500$ and has a weight of $70\%.$ The Non$-$U$.$S$.$ index is the MSCI EAFE and has a weight of $30\%.$ For the quarter, the S&P $500$ Index rose from $1105\mathrm{.}22$ to $1170\mathrm{.}76,$ and tive MSCI EAFE went from $879\mathrm{.}32$ to $921\mathrm{.}44.$ What is the alpha of your portfolio? $($recurring content question$)$

Your alpha is $-17$ basis points

Your alpha is $0\mathrm{.}006\%$

Your alpha is $17$ basis points

Your alpha is $5\mathrm{.}42$ basis points

Your alpha is $6$ basis points