You just finished the first quarter managing a portfolio for a client. The initial investment was $175,000 and at the end of the quarter the value was $168,665. 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 75%. The Non-U.S. index is the ACWI and has a weight of 25%. For the quarter, the S&P 500 Index lost 2.93% and the ACWI lost 5.13%.Which of the following best describes how you did against the benchmark? (recurring content question)