Angus King

Hypothetical common-stock portfolio replayed from the stock trades this member disclosed, with no annual reports behind it. Each reported range counts at its midpoint (the low end when it has no upper limit). A purchase adds to the account and a sale reduces what was bought; a sale of a stock never seen bought changes nothing, and holdings from before the first disclosure are unknown. The account rebalances at the next market open after each filing, with 0.1% costs each side, no borrowing or added money. Adjusted prices proxy reinvested dividends; SPY uses the same dates without costs. Options, funds, bonds and filings without a stock code are left out (0 filings), as are stocks with no price history (2 trades; 95% of disclosed dollars priced). Reports can include a spouse's and dependents' trades. This is an estimate, not the member's account and not a copy strategy. It uses the longest of 4, 3, 2 or 1 years in which the account already held stock on its first day.