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 SEP 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%. What is the performance of the portfolio you managed? (recurring content question) 4.06%53.62%2.74%2.74%3.62