Charles B. Carlson, CFA
The portfolios below show performance (percentage price change) for the year to date. Dividends are not
included in these return numbers. Investments are spread equally among the stocks in each portfolio.
Price Change Portfolios Data as of: Close Ratio Portfolios
1 Stock Portfolio % Chg. 5/21/2018 1 Stock Portfolio % Chg.
General Electric (GE) -12.6 General Electric (GE) -12.6
Portfolio   -12.6 Portfolio   -12.6

3 Stock Portfolio % Chg. 3 Stock Portfolio % Chg.
General Electric (GE) -12.6 General Electric (GE) -12.6
IBM (IBM) -5.2 Merck (MRK) 4.1
Exxon Mobil (XOM) -1.6 IBM (IBM) -5.2
Portfolio   -6.5 Portfolio   -4.6

5 Stock Portfolio % Chg. 5 Stock Portfolio % Chg.
General Electric (GE) -12.6 General Electric (GE) -12.6
IBM (IBM) -5.2 Merck (MRK) 4.1
Exxon Mobil (XOM) -1.6 IBM (IBM) -5.2
Merck (MRK) 4.1 Coca-Cola (KO) -7.6
Verizon Communications (VZ) -8.5 Disney (DIS) -3.2
Portfolio   -4.8 Portfolio   -4.9

10 Stock Portfolio % Chg. 10 Stock Portfolio % Chg.
General Electric (GE) -12.6 General Electric (GE) -12.6
IBM (IBM) -5.2 Merck (MRK) 4.1
Exxon Mobil (XOM) -1.6 IBM (IBM) -5.2
Merck (MRK) 4.1 Coca-Cola (KO) -7.6
Verizon Communications (VZ) -8.5 Disney (DIS) -3.2
Disney (DIS) -3.2 Procter & Gamble (PG) -19.4
Goldman Sachs (GS) -6.7 Exxon Mobil (XOM) -1.6
Chevron (CVX) 3.3 Johnson & Johnson (JNJ) -11.5
Procter & Gamble (PG) -19.4 Pfizer (PFE) -1.2
Coca-Cola (KO) -7.6 DowDuPont (DWDP) -3.6
Portfolio   -5.7 Portfolio   -6.2

Dow Jones Industrial YTD Performance:  1.2%
    Performance History