AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Royal Fund Management, LLC's Holding History (CIK: 0001810099)

Note: Option positions (PUT/CALL) are excluded.

Q4 2018

Shares 22 Value ($000) $2 Avg Close $121.16 Range $104.68 - $131.62

Q4 2017

Shares 45 Value ($000) $5 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 45 Value ($000) $4 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 45 Value ($000) $4 Avg Close $84.22 Range $79.33 - $87.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	22	$2	$121.16	$104.68 - $131.62
Q4 2017	45	$5	$96.16	$91.15 - $100.81
Q3 2017	45	$4	$89.59	$83.96 - $101.73
Q2 2017	45	$4	$84.22	$79.33 - $87.79