1. 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 S&P 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. 
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3. Given your performance and the performance of the benchmark indices, which of the following statements best describes how you did?