US Capital Appreciation
|Year||S&P 500||Motiwala Capital|
- 2020* performance is from the Q3 2020. The same period was used for both Motiwala Capital and S&P 500.
- Motiwala Capital performance for each year is based on the aggregate performance of all client accounts ( existing and new accounts opened during the year at various times.)
- S&P 500 performance includes dividends but does not reflect any fees.
- Motiwala Capital performance is computed on a before-tax time-weighted return (TWR) basis and are net of all paid management fees and brokerage costs.
- Motiwala Capital performance figures are not audited.
- Performance of individual accounts may vary depending upon the timing of their investment, the effects of additions, and the impact of withdrawals from their account.
- Please note that past performance is no guarantee of future results.
Japan Capital Appreciation
|Year||Motiwala Capital||iShares MSCI Japan ETF (EWJ)|