PORTFOLIO ANNUAL REPORT

Last year provided a truly unique backdrop for geopolitical tension, central bank intervention, energy market swings, and a change in investor sentiment, all factors considered highly influential in our portfolio decisions and performance. Each event had to be monitored closely and strategically adjusted within the Cattolica Investment Club’s portfolio to reap the maximum returns possible while managing risks. Since the inception of our portfolio last year, we managed to produce a 53.26% return, compared to 26.41% from the S&P 500.