Standard Performance Periods Net of Fees
| Period | Advisor Strategy (Net) | S&P 500 Benchmark | Alpha |
|---|---|---|---|
| 1 Year | +38.2% | +8.1% | +30.1% |
| 5 Year (annualized) | +41.7% | +12.4% | +29.3% |
| 10 Year (annualized) | +37.9% | +13.1% | +24.8% |
| Since Inception — Mar 2009 (annualized) | +35.3% | +13.8% | +21.5% |
Net Return
Benchmark
vs Benchmark
Annual Returns — Year by Year Complete Record
| Calendar Year | Advisor Strategy (Net) | S&P 500 | Alpha |
|---|---|---|---|
| 2009 A | +80.6% | +23.5% | +57.1 pp |
| 2010 | +18.4% | +12.8% | +5.6 pp |
| 2011 | +8.2% | +2.1% | +6.1 pp |
| 2012 | +33.0% | +16.0% | +17.0 pp |
| 2013 | +52.1% | +32.4% | +19.7 pp |
| 2014 | +24.3% | +13.7% | +10.6 pp |
| 2015 | −6.8% | +1.4% | −8.2 pp |
| 2016 | +19.2% | +12.0% | +7.2 pp |
| 2017 | +43.6% | +21.8% | +21.8 pp |
| 2018 | +2.1% | −4.4% | +6.5 pp |
| 2019 | +58.4% | +31.5% | +26.9 pp |
| 2020 | +91.2% | +18.4% | +72.8 pp |
| 2021 | +14.7% | +28.7% | −14.0 pp |
| 2022 | −18.3% | −18.1% | −0.2 pp |
| 2023 | +48.9% | +26.3% | +22.6 pp |
| 2024 | +32.1% | +25.0% | +7.1 pp |
| 2025 | +38.4% | +12.0% | +26.4 pp |
| 2026 A | +9.5% | +2.0% | +7.5 pp |
Performance Evolution — Logarithmic Scale (Base 100, Net of Fees)
Strategy Details
Verification Details
Scope of Verification
ReturnSeal (Return Seal LLC) has examined the accompanying performance presentation for the strategy account of John Doe (FINRA CRD# 0000000), as maintained at the custodian identified in the Notes, for the period March 2009 through April 30, 2026.
The advisor is responsible for the underlying account records and for the presentation of performance. ReturnSeal's responsibility is limited to independently recalculating the time-weighted rate of return from the official custodian records provided, and to confirming that the figures presented in this report agree with that recalculation. Our examination consisted of recomputing period returns from custodian-sourced transaction and valuation data using the Modified Dietz time-weighted return methodology, geometrically chain-linked, as described in the Notes to Statement of Investment Performance.
In our opinion, the net-of-fees performance figures presented in this report are, in all material respects, consistent with the time-weighted return calculated from the custodian records for the account and period described, based on the methodology set forth in the Notes to this report.
This statement is a calculation verification only. It is not an audit of the advisor or the custodian, is not a firm-wide GIPS compliance verification, and is not a certification of compliance with any securities regulation. The scope of what was and was not examined is defined in "Scope of Verification" above. The advisor remains solely responsible for the completeness and representativeness of the account(s) submitted and for the compliance of any use of this report.
Notes to Statement of Investment Performance
- Reporting entityPerformance presented is that of a real, discretionary account managed by John Doe (FINRA CRD# 0000000), Registered Representative and Investment Adviser Representative at Example Advisory Firm LLC.
- Strategy descriptionA rules-based strategy that alternates between a "risk-on" allocation to leveraged S&P 500 index ETFs and a "risk-off" allocation to money-market instruments, driven by a proprietary quantitative signal. The use of leveraged ETFs amplifies both gains and losses.
- Calculation methodologyReturns are calculated from official custodian records under the following methodology, consistently applied. Other methods may produce different results.
- Time-weighted rate of return using the Modified Dietz method; monthly returns are geometrically chain-linked to produce annual, period, and since-inception figures.
- Net performance is net of actual investment management fees and transaction costs. Gross performance, where shown, is net of transaction costs only.
- Returns include realized and unrealized gains and losses and reinvested dividends.
- Trade-date accounting is used; securities are valued using closing market values.
- Performance inception date: March 2009. All figures in US dollars.
- FeesNet figures reflect a 3.00% annual management fee. Net-of-fees return is the primary figure presented throughout; gross figures, where referenced, appear with at least equal prominence for the same period.
- BenchmarkS&P 500, represented by SPY (SPDR S&P 500 ETF Trust) with dividends reinvested. The benchmark is unmanaged and shown for comparison only; an investor cannot invest directly in an index.
- Scope and limitationsThis report is a single-account calculation verification, not a composite verification, audit, or regulatory certification. See "Scope of Verification" above. ReturnSeal is an independent calculation and publication service and is not a registered investment adviser, broker-dealer, or compliance firm.
- Other notesPast performance is not indicative of future results. The Independent Verifier's Statement and this Statement of Investment Performance are an integral part of this presentation and should be read together.
Important Disclosures
This report presents the actual historical performance of account(s) managed by John Doe (FINRA CRD# 0000000), Registered Representative and Investment Adviser Representative at Example Advisory Firm LLC. Performance is calculated from official custodian records using a Time-Weighted Return (Modified Dietz) methodology aligned with GIPS principles, and is presented net of fees. Returns for 1-, 5-, and 10-year and since-inception periods are shown ending April 30, 2026.
Risk disclosure: Past performance does not guarantee future results. All investing involves risk, including possible loss of principal. This strategy uses leverage through leveraged ETFs, which amplifies both gains and losses and increases the risk of significant capital loss. Leveraged ETFs are designed for short-term trading and may not be appropriate for all investors.
Returns are net of a 3% annual management fee. All figures in USD. Benchmark: SPY (SPDR S&P 500 ETF Trust). Dividends reinvested in benchmark calculation.
Independently verified by ReturnSeal (Return Seal LLC) as a calculation check of the advisor's custodian data. ReturnSeal is not a registered investment adviser, broker-dealer, or compliance firm, and this report is neither investment advice nor a statement that any regulator has reviewed or approved the performance shown.
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