PORTFOLIO INVESTMENT PROJECT

BY-GROUP 2 ( Arwa K & Daniela)

1 The Kraft Heinz Company (KHC)

Why chose the company
The Kraft Heinz Company was chosen for be a recognized and well-known company in
the foods market, and good finance ratios, such as,

 PE Ratio: 32.32
 Profit Margin: 13.81%

The company
The Kraft Heinz Company is the fifth-largest food and beverage company in the world.
Its products include condiments and sauces, cheese and dairy products, meals, meats,
refreshment beverages, coffee, and other grocery products. The Company’s iconic brands
include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-
Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and
Velveeta. The company was formerly known as H.J. Heinz Holding Corporation and changed its
name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was incorporated in
2013 and is headquartered in Pittsburgh, Pennsylvania.

Top Executives
Bernardo Hees is Chief Executive Officer of The Kraft Heinz Company. Prior to the
merger of Kraft Foods Group and the H.J. Heinz Company in 2015, Mr. Hees had been with the
H.J. Heinz Company since 2013. Hees earned a bachelor’s degree in Economics from Catholic
University in Rio de Janeiro (PUC-RJ). He holds an MBA from the University of Warwick in
England and an OPM degree from Harvard Business School.

Paulo Basilio is Executive Vice President and Chief Financial Officer of The Kraft Heinz
Company. He is responsible for all finance functions. Paulo joined Heinz in 2013 as Chief
Financial Officer and has been a Partner of 3G Capital, Inc. since July 2012. Paulo holds a
bachelor’s degree in economics from Universidade de Brasilia and a M.Sc. in economics from
EPGE/Fundacao Getulio Vargas (FGV).
Stock’s Evaluation

(KHC)
94
93
92
91
$

90
89
88
87
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
(KHC) 92 92.56 89.49 89.48 89.45 91.18 92.46 93.44 91.25

Figure 1. Stock Evaluation - KHC

2 American Express Company (AXP)

Why chose the company
American Express Company was chosen for be one of the biggest and trustful company
in the finance field. The finance ratios are

 PE Ratio: 14.50
 Profit Margin: 17.63%
 Beta: 1.5

The company
American Express are the world’s largest card issuer by purchase volume which
provides charge and credit payment card products and travel-related services to consumers
and business around the world. The company process millions of transactions daily and
operate one of the world’s largest travel networks. The company’s products and services
include charge and credit card products, as well as other payment and financing products;
network services; expense management products and services; travel-related services; and
stored value/prepaid products. American Express Company was founded in 1850 and is
headquartered in New York, New York.

Top Executives
Kenneth I. Chenault, Chairman and Chief Executive Officer, American Express Company
since April 2001, joined American Express in 1981 and was named President of the U.S. division
of American Express Travel Related Services Company, Inc. in 1993, Vice Chairman of American
Express Company in 1995, President and Chief Operating Officer in 1997 and Chief Executive
Officer in January 2001.

Marc D. Gordon has been Executive Vice President and Chief Information Officer since
September 2012. Mr. Gordon joined American Express from Bank of America, where he served
as Enterprise Chief Information Officer from December 2011 until April 2012.
Stock’s Evaluation

(AXP)
81

80

79

78
$

77

76

75
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
(AXP) 80 80.45 79.24 78.16 78.33 76.98 77.09 78.97 80.17

Figure 2. Stock Evaluation - AXP

3 Monsanto Company (MON)

Why chose the company
Monsanto Company is a solid company in the agriculture field, therefore the company
was chosen trustful company. The finance ratios are

 PE Ratio: 21.52
 Profit Margin: 13.28%
 Beta: 1.04

The company
Monsanto is an agriculture company that deliver agricultural products that support
farmers all around the world. The mayor products offer are seeds like corn, cotton, oilseeds
and fruits and vegetable. They also produce in-the-seed trait technologies for farms to
supporting their on-farm efficiency and reducing their on-farm costs. They make the products
available to farmers throughout the world by broadly licensing the seed and trait technologies
to other companies.

Top Executives
Hugh Grant is the chairman and Chief Executive Officer. Before become CEO he had
worked as a Managing Director at all Monsanto business units in Southeast Asia, Australia and
New Zealand, and Executive Vice President and Chief Operating Officer. Hugh hold his degree
in Molecular Biology and Agricultural Zoology at Glasgow University, and a Post Graduate
Diploma in Agriculture at Edinburgh University. He also holds a MBA degree at International
Management Center, Buckingham, U.K.

Robert T. Fraley is the Executive Vice President and Chief Technology Officer. His
history in the company contain Senior Research Specialist at Monsanto Biological Sciences
Program, Director at Monsanto’s Plant Science Research Group, Vice President of Technology
for crop chemical and plant biotechnology R&D, Group Vice President and General Manager,
New Products Division, President at Monsanto’s Ceregen business unit and Co-President at
Monsanto’s Agricultural Sector.
Stock’s Evaluation

MON
118.00
117.50
117.00
116.50
116.00
$

115.50
115.00
114.50
114.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
MON 115.50 116.02 116.90 116.05 116.60 116.00 117.42 117.68 117.77

Figure 3. Stock Evaluation - MON

4 Visa Inc. (V)

Why chose the company
As American Express, Visa Inc. was chosen for be one of the biggest and trustful
company in the finance field. The ratios are high and it makes the stocks attractive.

 PE Ratio: 47.19
 Profit Margin: 28.78%
 Beta: 1.0

The company
Visa Inc. operates as a payments technology company worldwide. The company
facilitates commerce through the transfer of value and information among consumers,
merchants, financial institutions, businesses, strategic partners, and government entities. The
company provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brands.
The company was founded in 1958 as BankAmericard, be launched by Bank of America. In
1976 BankAmericard becomes Visa, a name that sounds the same in all languages. In 2007 Visa
forms a global corporation under the name Visa Inc.

Top Executives
Alfred F. Kelly Jr is the Chief Executive Officer at Visa Inc. Mr. Kelly joined the board of
Visa in 2014 as an independent director and is also presently a director of MetLife Inc. Prior to
joining Visa Inc, Mr. Kelly worked in industry-leading companies within the financial services,
travel and leisure, and consumer products industries. Mr. Kelly was President of the American
Express Company from 2006 to 2010 and during his 23 years at the company, he led numerous
groups. He received a bachelor's degree as well as an MBA from Iona College.

Vasant M. Prabhu joined Visa Inc. in February 2015 as Executive Vice President and
Chief Financial Officer. In his role, he oversees Visa Inc.’s financial strategies, planning and
reporting, in addition to all finance operations and investor relations. Mr. Prabhu joined Visa
from NBCUniversal Media, LLC, where he served as chief financial officer, overseeing the
company’s finance function as well as the operations and technical services division. Prior to
joining NBCUniversal in 2014, Mr. Prabhu served as the chief financial officer for Starwood
Hotels & Resorts Worldwide, Inc. since 2004. In 2010, Mr. Prabhu also was named vice
chairman of Starwood.

Stock’s Evaluation

V
97.00
96.00
95.00
94.00
93.00
$

92.00
91.00
90.00
89.00
88.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
V 91.15 91.85 91.33 91.92 93.23 93.31 94.72 96.55 93.50

Figure 4. Stock Evaluation - V

5 Coca-Cola Bottling Co. Consolidated (COKE)

Why chose the company
Coca-Cola was chosen for be well-known beverage company in the world. Even though
the company has a negative beta, and the profit margin is low, it is a worth stock and has a
good PE ratio.

 PE Ratio: 38.53
 Profit Margin: 1.62%
 Beta: -0.04

The company
Coca-Cola Consolidated is the nation's largest independent Coca-Cola bottler. The
Company operates in the Southeast, Mid-Atlantic and Midwest region of the United States.
The company is known for offer soft drink bottling. They make, package, and deliver a variety
of beverages to stores, restaurants, entertainment venues, offices, and more. In addition, the
company distributes products for various other beverage brands that include Dr Pepper,
Sundrop, and Monster Energy. Coca-Cola Bottling Co. Consolidated was founded in 1902 and is
headquartered in Charlotte, North Carolina.

Top Executives
J. Frank Harrison, III is the chairman of the board of Directors and Chief Executive
officer. Umesh M. Kasbekar is the Vice Chairman and Sec. Henry W Flint is president and Chief
Operating Officer.

Stock’s Evaluation
 COKE
235.00
230.00
225.00
220.00
215.00
$

210.00
205.00
200.00
195.00
190.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
COKE 204.90 209.10 209.65 205.00 199.30 214.42 227.41 225.91 228.64

Figure 5. Stock Evaluation - COKE

6 Apple Inc. (AAPL)

Why chose the company
Apple is an attractive company for be one of the most trustful technological company a
constantly investment in new technology to keep be a good company. Its justify the worth of
the stock, with a good beta.

 PE Ratio: 17.48
 Profit Margin: 20.74%
 Beta: 1.43

The company
Apple Inc. designs, manufactures, and markets mobile communication and media
devices, personal computers, and portable digital music players to consumers, small and mid-
sized businesses, and education, enterprise, and government customers worldwide. The
company also sells related software, services, accessories, networking solutions, and third-
party digital content and applications. Apple Inc. was founded in 1977 and is headquartered in
Cupertino, California.

Top Executives
Tim Cook is the CEO of Apple and serves on its Board of Directors since 2011. Before
being named CEO, Tim was Apple’s Chief Operating Officer and was responsible for all of the
company’s worldwide sales and operations, including end-to-end management of Apple’s
supply chain, sales activities, and service and support in all markets and countries. Tim earned
an MBA from Duke University, where he was a Fuqua Scholar, and a Bachelor of Science
degree in Industrial Engineering from Auburn University.

Luca Maestri is Apple’s senior vice president and Chief Financial Officer reporting to
CEO Tim Cook. As CFO, Luca oversees the accounting, business support, financial planning and
analysis, treasury, M&A, investor relations, internal audit and tax functions at Apple. Luca
joined Apple in 2013 as vice president of Finance and corporate controller, and has worked
closely with Apple’s senior leadership since his arrival. Luca graduated from Luiss University in
Rome with a bachelor’s degree in Economics and earned a master’s degree in Science of
Management from Boston University.
Stock’s Evaluation

AAPL
160.00

155.00

150.00
$

145.00

140.00

135.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5
AAPL 142.27 143.64 146.64 153.01 155.70 153.99 153.67 145.42

Figure 6. . Stock Evaluation – AAPL

7 Alphabet Inc. (GOOGL)

Why chose the company
Same as Apple, Alphabet Inc is an attractive company investment in new technology to
keep be a good company in online services. Its justify the worth of the stock, even the beta is
less than 1.

 PE Ratio: 32.78
 Profit Margin: 21.84%
 Beta: 1.43

The company
Alphabet Inc. provides online services in the world. The company offers performance
and brand advertising services. It operates through Google and Other Bets segments. The
Google segment includes principal Internet products, such as Search, Ads, Commerce, Maps,
YouTube, Google Cloud, Android, Chrome, and Google Play, as well as technical infrastructure
and newer efforts, including Virtual Reality. Alphabet Inc. was founded in 1998 and is
headquartered in Mountain View, California.

Top Executives
Eric E. Schmidt is the Exectutive Chairman, Lawrence Edward Page is Co-Founder, Chief
Exec. Officer and Director, and Sergey Brin is Co-Founder, Pres and Director.

Stock’s Evaluation
 GOOGL
1,050.00

1,000.00

950.00

900.00
$

850.00

800.00

750.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
GOOGL 860.00 878.30 912.57 958.69 959.22 964.07 996.17 1,003.88 936.01

Figure 7. Stock Evaluation - GOOGL

8 Crown Castle International Corp. (CCI)

Why chose the company
 PE Ratio: 87.31
 Profit Margin: 10.70%
 Beta: 0.22

The company
Crown Castle is the nation’s largest provider of shared wireless infrastructure.
Together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the
United States and Australia. The company provides towers and other structures, such as
rooftops; and distributed antenna systems, a type of small cell network (small cells). The
company was founded in 1994 and is headquartered in Houston, Texas.

Top Executives
Jay A. Brown is the President and Chief Executive Officer since June 2016. He join the
company in 1999. Brown was Crown Castle’s Chief Financial Officer from July 2008 to May
2016. Prior to that, Brown served as Treasurer of Crown Castle from May 2004. Brown holds a
BBA from Baylor University.

Daniel K. Schlanger joined Crown Castle in April 2016 and currently serves as Senior
Vice President and Chief Financial Officer. Previously, Schlanger served as Senior Vice President
and Chief Financial Officer of Exterran GP LLC, the general partner of Exterran Partners, L.P.,
from June 2006 through March 2009 and as a director of Exterran GP LLC’s board of directors
from October 2006 through November 2015. Schlanger holds a BS in economics from the
Wharton School at the University of Pennsylvania.

Stock’s Evaluation
 CCI
106.00
104.00
102.00
100.00
98.00
$

96.00
94.00
92.00
90.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
CCI 96.04 94.71 94.73 95.36 95.73 99.91 103.52 103.46 102.21

Figure 8. Stock Evaluation - CCI

9 Palo Alto Networks, Inc. (PANW)

Why chose the company
Even the ratios to Palo Alto Networks are negative, the company is grown and it is an
attractive to give a chance.

 PE Ratio: -48.62
 Profit Margin: -15.71%
 Beta: 0.69

The company
Palo Alto Networks, Inc. provides security platform solutions to enterprises, service
providers, and government entities worldwide. The Company platform includes Next-
Generation Firewall that delivers application, user, and content visibility and control, as well as
protection against network-based cyber threats; Advanced Endpoint Protection, which
prevents cyber-attacks that exploit software vulnerabilities on various fixed and virtual
endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence
capabilities, security for software as a service applications, and automated delivery of
preventative measures against cyber-attacks. The company was founded in 2005 and is
headquartered in Santa Clara, California.

Top Executives
Mark D. McLaughlin joined as President and CEO of Palo Alto Networks in August of
2011 and became Chairman of the Board in 2012. Before coming to Palo Alto Networks, Mark
served as President and CEO of Verisign. Prior to that, he held a number of key positions at
Verisign including serving as Chief Operating Officer, Executive Vice President of Products and
Marketing, and head of the company's Naming Services business. Mark currently serves on the
board of directors for Qualcomm Inc. He received his J.D., magna cum laude, from Seattle
University School of Law and his B.S. degree from the United States Military Academy at West
Point.

Nir Zuk is a co-founder and CTO of the company. Prior to co-founding Palo Alto
Networks, Nir was CTO at NetScreen Technologies, which was acquired by Juniper Networks in
2004. Prior to NetScreen, Nir was co-founder and CTO at OneSecure, a pioneer in intrusion
prevention and detection appliances. Nir was also a principal engineer at Check Point Software
Technologies, and was one of the developers of stateful inspection technology.

Rajiv Batra is the other co-founder of the company. Prior to Palo Alto Networks, he
was the Vice President of Engineering at Peribit, which was acquired by Juniper Networks in
2005. While at Peribit, Rajiv assembled a strong engineering team developing best-in-class
application acceleration platforms. Rajiv also co-founded VitalSigns Software and served as
Vice President of Engineering at Bay Networks.

Stock’s Evaluation

PANW
145.00
140.00
135.00
130.00
125.00
$

120.00
115.00
110.00
105.00
100.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
PANW 108.55 109.82 108.42 116.83 119.61 117.11 117.00 140.52 134.75

Figure 9. Stock Evaluation - PANW

10 Starbucks Corporation (SBUX)

Why chose the company
Starbucks are recognized in around the world. It is a solid and trustful company. Also,
has good ratios

 PE Ratio: 30.76
 Profit Margin: 13.47%
 Beta: 0.66

The company
Starbucks Corporation is a company that provides operates as a roaster, marketer, and
retailer of specialty coffee around the world. Its stores offer coffee and tea beverages,
packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and
tea products, juices, and bottled water; an assortment of fresh food and snack offerings; and
various food products, such as pastries, breakfast sandwiches, and lunch items, as well as
beverage-making equipment and accessories. In addition, the stores offer a nice and friendly
environmental to people enjoying with friends, working, studding, having meeting, or just sit
there to read a book while enjoy the products. Starbucks Corporation was founded in 1971 and
is based in Seattle, Washington.

Top Executives
HOWARD SCHULTZ, is the founder of Starbucks Corporation and currently serves as
chairman and chief executive officer. Schultz has served as chairman of the board of directors
since the inception in 1985, and in January 2008, he reassumed the role of president and chief
executive officer.

KEVIN R. JOHNSON is the president and chief operating officer since March 2015 and
has been a Starbucks director since March 2009. Johnson served as Chief Executive Officer of
Juniper Networks, Inc., from September 2008 to December 2013.

Stock’s Evaluation

SBUX
65.00
64.00
63.00
62.00
$

61.00
60.00
59.00
58.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
SBUX 60.61 61.11 60.17 60.94 60.45 61.23 63.26 64.27 61.29

Figure 10. Stock Evaluation - SBUX

11 LPL Financial Holdings Inc. (LPLA)

Why chose the company
 PE Ratio: 19.84
 Profit Margin: 4.65%
 Beta: 2.36

The company
LPL Financial Holdings Inc. provides an integrated platform of brokerage and
investment advisory services to independent financial advisors in the United States. Its
brokerage offerings include variable and fixed annuities, mutual funds, equities, alternative
investments such as non-traded real estate investment trusts and business development
companies, retirement and 529 education savings plans, fixed income, and insurance. PL
Financial Holdings Inc. was founded in 1968 and is based in Boston, Massachusetts.

Top Executives
Dan H Arnold is the Chief Executive Officer, President and Director. Matthew J. Audette is the
Chief Financial Officer and Managing Director.

Stock’s Evaluation
 LPLA
44.00
43.00
42.00
41.00
$

40.00
39.00
38.00
37.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
LPLA 39.01 39.75 42.74 42.62 42.62 39.85 38.98 39.56 42.24

Figure 11. Stock Evaluation - LPLA

12 Marriott International, Inc. (MAR)

Why chose the company
Marriott International is a giant hotel chair. It is a solid company with good ratios.

 PE Ratio: 36.28
 Profit Margin: 23.04%
 Beta: 1.35

The company
Marriott International, Inc. is a leading global lodging company with more than 6,000
properties in 122 countries and territories. The company operates its properties primarily
under the brand names of Bulgari, The Ritz-Carlton and The Ritz-Carlton Reserve, St. Regis, W,
EDITION, JW Marriott, The Luxury Collection, Marriott Hotels, Westin, Le Méridien,
Renaissance Hotels, Sheraton, Delta Hotels by MarriottSM, Marriott Executive Apartments,
Marriott Vacation Club, Autograph Collection Hotels, Tribute Portfolio, Design Hotels, Gaylord
Hotels, Courtyard, Four Points by Sheraton, SpringHill Suites, Fairfield Inn & Suites, Residence
Inn, TownePlace Suites, AC Hotels by Marriott, Aloft, Element, Moxy Hotels, and Protea Hotels
by Marriott.Founded in 1971, the company is headquartered outside of Washington, D.C. in
Bethesda, Maryland.

Top Executives
John Willard Marriott Jr. is the Executive Chairman, Arne M. Sorenson is the Chief
Executive Officer, President and Director.

Stock’s Evaluation
 MAR
110

105

100

95
$

90

85

80
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
MAR 92.47 93.52 95.59 96.37 104.06 105.49 106.74 108.19 102.07

Figure 12. Stock Evaluation - MAR

Portfolio’s Performance
During the 11 weeks, the portfolio responded successfully, increasing the value in almost all of
the weeks, even though some stock decreased individually. In the end of the 11 weeks, the
portfolio’s worth for Group 2 increased to 7.64%, with a gain of $76,388, However, until week
10, the portfolio had sucessfully grown and achieved 10% of increase, that means a gain of
$102K. Even though the portfolio decrease a in the last week, It can be considered a success
due the economic crises in some countries, once most of companies are internationally affect.

Portifolio Group 2
$1,120,000.00

$1,100,000.00

$1,080,000.00

$1,060,000.00
$

$1,040,000.00

$1,020,000.00

$1,000,000.00
4/17 4/24 5/1 5/5 5/15 5/22 5/30 6/5 6/12
Grupo 2 $1,000, $1,013, $1,030, $1,049, $1,054, $1,065, $1,090, $1,102, 1,067,38

Figure 13. Portifolio Evaluation

Calculation of the Portfolio’s Expected Return

Calculation of Stocks Expected Returns using CAPM

Market Return Rm 8.50%
10 Year Treasury Rate:2.26% for 17 April 2017 Rf 2.26%
Market Risk Premium MRP 6.24%

Stock Name Beta Expected Return CAPM

American Express CO 1.15 9.44%
Apple 1.43 11.18%
CCI-Crown Castle Intl. 0.22 3.63%
COKE-Coca-Cola -0.04 2.01%
Google 0.93 8.06%
KHC-Kraft Heinz CO 0.9 7.88%
LPLA-LPL Financials 2.36 16.99%
MAR-Marriott International 1.35 10.68%
Monsanto CO 1.04 8.75%
PANW-Palo Alto Networks 0.95 8.19%
SBUX-Starbucks 0.66 6.38%
Visa 1.05 8.81%

Total Weight of the

Stock Name Stock Price Nos of Stock Amount Stock
American Express CO 80.17 500 $40,085 0.04
Apple 145.42 700 $101,794 0.09
CCI-Crown Castle Intl. 102.21 400 $40,884 0.04
COKE-Coca-Cola 228.64 690 $157,762 0.15
Google 961.81 360 $346,252 0.32
KHC-Kraft Heinz CO 91.25 550 $50,188 0.05
LPLA-LPL Financials 42.24 990 $41,818 0.04
MAR-Marriott International 102.07 650 $66,346 0.06
Monsanto CO 117.77 1100 $129,547 0.12
PANW-Palo Alto Networks 133 212 $28,196 0.03
SBUX-Starbucks 61.29 500 $30,645 0.03
Visa 93.5 458 $42,823 0.04
7110 $1,076,338
 Weight * Expected Weight *
Stock Name Beta Beta Return -CAPM Expected Return
American Express CO 1.15 0.04 9.44% 0.35%
Apple 1.43 0.14 11.18% 1.06%
CCI-Crown Castle Intl. 0.22 0.01 3.63% 0.14%
COKE-Coca-Cola -0.04 -0.01 2.01% 0.29%
Google 0.93 0.30 8.06% 2.59%
KHC-Kraft Heinz CO 0.9 0.04 7.88% 0.37%
LPLA-LPL Financials 2.36 0.09 16.99% 0.66%
MAR-Marriott
International 1.35 0.08 10.68% 0.66%
Monsanto CO 1.04 0.13 8.75% 1.05%
PANW-Palo Alto
Networks 0.95 0.02 8.19% 0.21%
SBUX-Starbucks 0.66 0.02 6.38% 0.18%
Visa 1.05 0.04 8.81% 0.35%
0.91 7.92%

Portfolio's Beta- 0.91

Portfolio's Expected Return as 0n 06/12/2017- 7.92%

Actual Return on Portfolio as on 6/12/17- 7.63%

Portfolio's Performance V/S Market's Returns

4/17/2017 6/12/2016 Actual Returns

NASDAQ 5,856.79 6,175.46 5.44%
S&P 500 2,349.01 2,429.39 3.42%
DOW 30 20,636.92 21,235.67 2.90%
Portfolio's Return 1000000.70 1076337.80 7.63%

The Portfolios Expected Return and the Actual Returns are close, hence the portfolio has
performed well in the past 11 Weeks. However as compared to NADAQ,S&P 500 ,DOW 30
the portfolio has performed well and above the market.

We would really like to thank you for giving us this wonderful opportunity to learn about
stocks in more fun and engaging way.