ReturnSeal
Independent Performance Verification
John Doe
Independently Verified
ReturnSeal Verified
May 2026 · Modified Dietz TWR · GIPS-aligned
| Period | Advisor Strategy (Net of Fees) | S&P 500 Benchmark | Alpha |
|---|---|---|---|
| 1 Year — ending Apr 30, 2026 | +38.2% | +8.1% | +30.1 pp |
| 5 Year — annualized, ending Apr 30, 2026 | +41.7% | +12.4% | +29.3 pp |
| 10 Year — annualized, ending Apr 30, 2026 | +37.9% | +13.1% | +24.8 pp |
| Since Inception — annualized, Mar 2009 – Apr 2026 (17.1 years) | +35.3% | +13.8% | +21.5 pp |
All returns net of 3% annual management fee. Benchmark: SPY (SPDR S&P 500 ETF Trust), dividends reinvested. Annualized figures use geometric compounding. Net-of-fees return is the primary figure on this report.
Cumulative since-inception return (net): +17,502% vs S&P 500: +808%.
| 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 |
A Partial year: 2009 reflects performance from the March 2009 inception; 2026 reflects January 1 – April 30, 2026. The complete record — including down years (2015, 2022) and years the strategy trailed the benchmark (2021) — is shown without omission, consistent with the no-cherry-picking requirement of the SEC Marketing Rule. All figures net of fees.
Strategy maximum drawdown 5.15 percentage points lower than benchmark over the same period.
Both series indexed to 100 at March 2009 inception. Logarithmic scale used to show proportional growth across orders of magnitude.
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 Section 07, "Scope of Verification." 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.
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 employs leverage through leveraged ETFs, which amplifies both gains and losses and can result in significant capital loss. Leveraged ETFs involve additional risks and are generally designed for short-term use. They may not be suitable 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. Net-of-fees return is the primary figure on this report; where gross returns are referenced, they appear with equal prominence for the same period and methodology.
Independently verified by ReturnSeal (Return Seal LLC) as a calculation check of the advisor's custodian data, using a GIPS-aligned Modified Dietz TWR methodology. ReturnSeal is not a registered investment adviser, broker-dealer, or compliance firm. This report is neither investment advice nor a statement that any regulator has reviewed or approved the performance shown. Advisors remain solely responsible for ensuring their marketing practices comply with applicable laws and regulations.
