You just finished the first quarter managing a portfolio for a client. The initial investment was $200,000 and at the end of the quarter the value was $202,660. Your performance is judged against a combination of U.S. and Non-U.S. equity indices. The U.S. index is the SEP 500 and has a weight of 80%. The Non-U.S. index is the MSCI EAFE and has a weight of 20%. For the quarter. the S\&P 500 Index rose from 1528.35 to 1549.17 and the MSCI EAFE fell from 1234.24 to 1229.47. Given your performance relative the benchmark indices, which of the following statements best describes how you did with alpha? (recurring content question) Your alpha is 1.33% Your alpha is 89 basis points Your alpha is 0 basis points Your alpha is 32 basis points Your alpha is 5 basis points