ICG provides two types of performance reporting to our clients:

The first is a one-page proprietary Monthly Performance Summary which gives clients a simple, clear snapshot of their portfolio. The report provides a breakdown of the entire portfolio by individual manager and includes:

• Investment inception date
• Beginning and ending value for the month (including any cash flows during the month)
• Net contributed capital
• Monthly gain/loss in dollar value
• Total gain/loss in dollar value
• Month-to-date return %
• Portfolio impact (weighted attribution of monthly return by manager)
• Rolling 3 month return %
• Year-to-date return %
• Rolling 1 year return %
• Annualized inception-to-date return %

This report is fully customizable to include or exclude any field that a client wants.

Secondly, after we have worked with a client for a period of time and have generated some history and track record, we can then provide a more comprehensive analysis. This includes, but is not restricted to performance measurement, attribution, portfolio analytics, and peer-group comparisons. This is at the discretion of our clients and can be customized to offer as much detail as they require, including total fund and portfolio-level performance universes, sophisticated attribution analysis, and holdings-based style and characteristic analysis.

We will usually generate this analysis semi-annually for clients that wish to receive this level of reporting. There are hundreds of exhibits and charts that can be produced in this report at both the individual manager and portfolio level.