Overview
Modeled Net-of-fees NAV Management Fee Performance Fee Modeled Net Returns
2013 19.73 % 124.65 2.49 2.43
2014 56.42 % 174.01 3.48 14.11
2015 72.02 % 191.43 3.83 17.52
2016
(as of Mar 30th) 		17.36 % 122.29 0.59 4.34

Modeled Monthly Performance
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD
2018 0 (1.53) (0.01) 2.99 2.28 - - - - - - - 3.73
2017 0 0 (5.75) (8.14) 6.59 (5.30) (3.44) 5.99 (2.94) 6.47 2.25 (2.83) (6.87)
2016 (5.57) 12.25 10.68 10.87 (5.84) 7.77 (0.27) 3.74 1.00 (5.57) 23.08 0 52.12%
2015 17.87 (8.16) (10.08) 17.10 5.98 0.78 7.17 (0.32) 13.27 7.52 21.05 (0.16) 72.02%
2014 (11.66) 1.84 (0.25) 15.12 11.01 5.69 7.69 9.24 3.09 14.08 14.78 19.70 56.42%
2013 9.77 4.94 12.15 4.30 3.77 (23.35) 0.37 (0.85) (1.58) 16.99 (1.92) (4.86) 19.73%

Trading Archive
05/31/2017 May end of month
03/31/2017 March end of month bought DJI and sold US 10yr
03/24/2017 Sold S&P
03/21/2017 Sold $Yen and bought the US 10yr and S&P
03/15/2017 Sold US 10yr and bought $Yen
03/09/2017 Sold DJI
11/30/2016 November end of the Month - Closed all positions
11/22/2016 Sold Euro$ and bought DJI
11/17/2016 Bought $Yen and sold DJI
11/16/2016 Bought Euro$
11/15/2016 Sold US 10yr and $Yen
11/09/2016 Bought S&P and US 10yr note
11/07/2016 Sold S&P
11/04/2016 Bought German Dax and $Yen
11/02/2016 Sold S&P and Euro$
10/31/2016 October end of month
10/27/2016 Bought S&P
10/25/2016 Sold US 10yr
10/13/2016 Sold Euro$, Bought US 10yr and traded S&P
09/30/2016 September end of Month
09/29/2016 Bought Japanese Nikkei
09/26/2016 Bought German 10yr bund
09/14/2016 Bought Euro$ and sold $Yen
09/12/2016 Bought S&P
09/07/2016 Bought German Dax, sold Japanese Nikkei and German 10yr
08/31/2016 August end of Month, bought Euro$ and sold German Dax
08/29/2016 Sold US 10yr and bought Japanese Nikkei
08/23/2016 Bought $Yen
08/17/2016 Sold Euro$
08/07/2016 Bought DJI, S&P and US 10yr
07/31/2016 July end of Month, bought German Dax
07/22/2016 Sold S&P
07/21/2016 Sold Japanese Nikkei, German Dax and DJI
07/08/2016 Bought DJI - Relative value
06/30/2016 June end of month, bought S&P and sold DJI
06/29/2016 Sold S&P and Japanese Nikkei
06/23/2016 Bought German Dax
06/16/2016 Sold $Yen
06/14/2016 Bought S&P and sold US 10yr note
06/13/2016 Bought $Yen
06/06/2016 Sold German Dax and S&P
05/31/2016 May end of Month
05/25/2016 Bought S&P and Japanese Nikkei
05/18/2016 Bought US 10yr notes
05/10/2016 Sold S&P
05/10/2016 Sold S&P
05/05/2016 Bought German 10yr bund
05/03/2016 Bought US 10yr
04/30/2016 Sold S&P, End of the Month
04/28/2016 Sold Japanese Nikkei
04/14/2016 Bought Japanese Nikkei
04/11/2016 Sold Japanese Nikkei and German 10yr Bund
04/05/2016 Sold German 10yr bund
03/30/2016 End of the Month
03/29/2016 Bought S&P
03/25/2016 Sold Japanese Nikkei
03/23/2016 Bought German 10yr bund
03/16/2016 Sold S&P and $Yen
03/15/2016 Sold US 10yr
03/10/2016 Bought US 10yr
02/29/2016 End of the Month, Bought Japanese Nikkei
02/25/2016 Bought S&P
02/16/2016 Sold S&P
02/11/2016 Bought German 10yr Bund and S&P and sold US 10yrs
02/10/2016 Bought $Yen and Japanese Nikkei
02/08/2016 Sold the German Bund and Dax
02/02/2016 Sold Japanese Nikkei
01/31/2016 January - End of the Month

Disclaimer
The Unicorn Macro Fund, LP (“Fund”) operates under the SEC rules of 506(c) of Regulation D. This rule allows general solicitation as long as all purchasers of the Fund are accredited investors and the Fund takes reasonable steps to verify that purchasers are accredited investors. The 506(c) rule benefits funds that perform better than their peers, because for the first time, Regulation D funds can post their results publicly.

The Fund trades both long and short positions in a variety of global markets and its performance is not correlated to any one market. Performance of the model of the Fund is measured by Net Asset Value (NAV) which is net of all fees, is unaudited, and may include the use of estimates. Individual results will vary based on the timing of an investment and past performance is no guarantee of future results and there is a possibility of loss.

All fees are annualized using a High Water Mark and a Hurdle Rate. Below the Hurdle Rate only a 0.5% management fee is charged. For returns above the Hurdle Rate an additional 1.5% management fee and a 20% performance fee over the Hurdle Rate are charged.

The modeled results are based only on capital appreciation from macro style trades. The results do not include dividend reinvestment or any other form of cash flow and are taxed as ordinary income. All trades have a risk/reward objective of at least 3 to 1 and each full position risks no more than 5% of assets. There will be times when market conditions may alter these objectives. Since the inception of the model our trading of the methodology has become more precise.