I am pursuing a career in the wealth/asset management industry so I am trying to brand myself as a Portfolio Manager.

1. Portfolio Overview
As of March 31, 2016
Kyle Kauss
Portfolio Manager
+1 630 803 2950
kylekauss@gmail.com
1

2. Overview
2
Investment Objective
Seeking long-term growth of capital by investing in U.S.
stocks.
Highlights
• Top-down fundamental research drives the security
selection process.
• Stock and sector weightings are a reflection of my
conviction in each portfolio holding.
• Minimizing diversification while monitoring foreign
exposure to increase return.
• My strategy has a long-term investment horizon and
analyzes a company’s fundamentals within the context
of a three-to-five year outlook.
AUM
~$5,200
Inception Date
7/17/2014
Number of Holdings
8
Average Market Cap
~$171 billion

3. Investment Strategy
3
Industry Leading Company
Sub-sector Analysis
Sector Analysis
Macroeconomic Analysis
Fishing in the right pond
during the right season

4. Investment Process
4
Macroeconomic Backdrop Equity Research
Economic themes Research ideas
Sector Allocation
Relative Valuation Analysis
Portfolio Management
Risk Management Constant Monitoring
A Holistic View
Relevant economic, social, political, sector, and security considerations influence my capital market
expectations and portfolio strategies, which leads to the construction and revision of my portfolio.

5. Portfolio Characteristics
5
Ratios
P/E 43.96
P/B 7.20
Dividend Yield 1.13%
Sharpe 0.14
Turnover 0%
Alpha 18.11%
Beta 0.86
* Ex-Facebook is 14.24%.
1. Calculated as weighted averages.
2. No data on QQQ NTM P/E so trailing P/E is used in its place.
Portfolio
1 S&P 500
Growth
3 Yr. Diluted EPS Growth 409.09%
*
1.73%
3 Yr. Sales Growth 18.11% -7.18%
Valuation
P/E (NTM)2 30.93 17.44
P/E (TTM) 43.96 18.71
P/B 7.20 2.80
Returns
ROE 25.30% 12.04%
ROA 11.25% 2.57%
ROIC 23.40% N/A

6. Portfolio Allocation
6
Holdings % of Portfolio
Facebook 19.74
Starbucks 16.07
Equinix 12.71
QQQ 10.50
Apple 10.48
Delta Air Lines 10.30
Walgreens
Boots Alliance
9.72
Nike 9.45
Cash 1.04
1.04%
9.72%
10.50%
10.30%
12.71%
25.52%
30.22%
Sector Weighting
Cash
Consumer
Staples

7. Portfolio Performance1
71. Proof of performance via statements and models are available upon request.
4.07%
45.26%
-10%
0%
10%
20%
30%
40%
50% Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
Return Since InceptionS&P 500
Portfolio

8. Portfolio Performance
81. Calculated as monthly time-weighted rate of return.
13.17%
9.88%
4.10%
1.97% 1.97%
9.31%
4.85%
-0.27%
4.30%
0.44% -0.23%
-7.19%
6.25%
0.77%
-10%
-5%
0%
5%
10%
15%
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
Performance by Quarter1
Portfolio S&P 500