Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD % 2007 26.92 7.75 36.75% 2008 35.05 10.26 2.73 -2.99 32.01 -20.76 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 53.74% 2009 -0.16 29.55 14.02 1.59 11.27 -1.19 4.08 7.54 9.11 36.53 18.44 0.26 226.11% 2010 -12.56 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.16 -0.48 18.07 1.28% 2011 2.51 -3.08 9.52 -5.15 18.07 -5.20 7.78 -5.53 2.34 8.90 -0.16 7.49 40.68% 2012 12.56 -4.57 -12.83 6.35 23.99 2.07 -18.80 1.61 5.70 -19.33 23.26 14.08 24.68% 2013 6.73 -6.81 33.51 -9.48 0.57 11.16 3.95 4.22 -8.40 11.50 19.43 15.31 104.74% 2014 -20.35 1.49 31.62 -2.63 -0.04 6.75 -1.96 2.93 -5.24 14.24 27.19 -17.96 26.02% 2015 214.58 -12.34 32.83 8.52 0.22 -19.57 -1.35 -0.16 -0.16 1.05 6.75 7.76 266.22% 2016 27.13 9.03 7.56 15.48 -4.25 -13.23 3.06 -17.34 0.25 -2.32 -0.16 -0.16 18.95% 2017 -0.16 -0.16 3.61 -8.83 29.69 -15.37 21.66 15.16 -33.88 9.29 -11.56 -0.16 -7.61% 2018 0.90 28.64 22.27 -0.44 4.44 -0.16 -0.16 2.88 -0.16 -0.16 -0.16 4.56 76.12% 2019 -3.85 -15.70 -13.06 -0.16 21.01 26.95 8.53 16.68 -15.82 0.40 3.86 -0.48 19.58% 2020 1.24 2.87 -2.60 37.27 16.50 51.25 31.27 -12.67 13.88 220.30% Third-Party Confirmation Letters Click here for confirmation letters Audit Performance Report Click here for the Audited Report ICA Managed Accounts Program ICA MAP Fact Sheet September-2020 Access to Live Trading Account Top-Ranking Strategy & Model Developer: Investment Capital Advisors LLC Auditor: Delta Group for Accounting and Auditing Prime Brokerage (FCM): ATC Brokers (UK) OANDA (USA) Swiss Quote Bank (Switzerland) IG (Singapore) Fees: >5 Million is charged 20% PF <5 Million is charged 25% PF <1 Million is charged 30% PF <100,000 is charged 35% PF Performance fee is paid Monthly (High Water Mark) No Management fee No Subscription fees No Redemption fees Leverage: Account leverage set at 1:10 or at 1:15 max. Contact Information: Investment Capital Advisors LLC Skype: mzgharib Email: [email protected] Website: www.icatrading.com MPT Statistics: Alpha (α): 5.38% Beta (β): -0.35 R 2 : 0.54% Corr.: -7.33% Benchmark: S&P 500 click here for full report Performance: Dec-14 Apr-15 Apr-16 Apr-19 Aug-19 May-20 Jun-20 Sep-20 -5000% 0% 5000% 10000% 15000% 20000% 25000% 30000% 35000% 40000% 45000% 50000% 55000% 60000% 65000% 70000% 75000% 80000% 85000% 90000% Nov-07 Mar-08 Jul-08 Nov-08 Mar-09 Jul-09 Nov-09 Mar-10 Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Nov-17 Mar-18 Jul-18 Nov-18 Mar-19 Jul-19 Nov-19 Mar-20 Jul-20 Nov-20 ICA Monthly Return% ICA Compounded Return% S&P 500 INDEX Send us Message CHFJPY 2% SILVER 2% NZDJPY 2% EURAUD 2% GBPJPY 3% AUDUSD 4% EURCAD 4% EURUSD 4% AUDJPY 5% GBPUSD 5% USDCHF 5% USDCAD 7% NZDUSD 7% EURJPY 7% CADJPY 7% GOLD 8% EURGBP 8% USDJPY 11% Click here to fill the Investor Questionnaire: NET results after deducting Broker Fee (spread), Monthly Management Fee (0.16%), and Monthly Performance Fee (25%). Valid certificates and brokerage trading Journals are ready to be provided for verifying performance figures above. Performance Analysis: Average Annual Net Return: +79.11% Annual Volatility (σ): 74.84% Average Monthly Net Return: +5.91% Monthly Standard Deviation: 21.60% Sharp Ratio: 0.93 Total Executed Trades: 20,456 Average Leverage per trade: x1.62 Worst Peak-to-Valley Drawdown: -36.19% Monthly VaR at 95% Confidence: -16.28% Positive Month Percentage: 67.2% Performance Recording: Period: Broker: Confirmed by: Downloads: Nov 2007 – Jan 2010 Capital Market Services (USA) LLC Capital Market Services (USA) Nov 2010 – Oct 2011 Interactive Brokers (U.K.) LLC Seneca Invest (Switzerland) Nov 2011 – Ju 2012 Saxo Bank (SCHWEIZ) AG ACT Currency Partners AG (Switzerland) Jul 2012 – Apr 2013 CitiFX Pro (Citibank, UK) Ashalon Capital (USA)/Cornhill Capital (UK) May 2013 – Jun 2014 Fienex Group (FXCBS, UAE) Ltd. Fienex Group (UAE) Jul 2014 – Nov 2018 AURA FX (NZ) Ltd. Falcon Investment Management (UK)/AURAFX (NZ) Dec 2018 - Sep 2020 ATC Brokers (UK) ATC Brokers (UK)