Frongello Method Linking Relative Attribution Problem Calculate the Cumulative Adjusted Contribution to Performance from Bonds, Stocks and Real Estate Period Relative Performance Contribution Performance Portfolio Benchmark Bonds Stocks Real Estate 1 10% 5% 2.5% 1.0% 1.5% -3.0% 2 -2% -1% 1.5% 0.5% 3 14% 10% 0.0% 3.0% 1.0% Frongello Method Linking Relative Attribution Problem Calculate the Cumulative Adjusted Contribution to Performance from Bonds, Stocks and Real Estate Period Relative Performance Contribution Performance Portfolio Benchmark Bonds Stocks Real Estate 1 10% 5% 2.5% 1.0% 1.5% -3.0% 2 -2% -1% 1.5% 0.5% 3 14% 10% 0.0% 3.0% 1.0%