1. Your Investment Career Advantage
April 25, 2016
Dear Joshua,
Zolio wishes to thank you for your engagement in the Zolio Winter 2016 Investment Management
program.
Having successfully completed the tasks required of an intern, you helped us understand and
improve Zolio as an educational platform for investment management. In addition, you learned
the basics of how to analyze a stock, build a portfolio, and think about market movements and
your trade decisions in the context of your own trading strategy.
The tasks you completed for Zolio included:
Participating in the Zolio psychometric profile exercise
Learning how to operate the Zolio trading platform and build a portfolio of equities and
ETFs
Accessing and commenting on the Learning Center materials
Familiarizing yourself with the user experience of being a Zolio participant in order to
respond to a user survey
Attending multiple webinars for which preparatory work was done ahead of time
In the event future employers wish to verify your participation in the Zolio internship program,
they may reach us as follows:
Zolio, Inc.
1001 Avenue of the Americas
New York, NY 10018
Email: support@zolio.com
Attention: Anna Schuchmann
Tel: 212.403.2840
Again, thank you for your participation and for helping us improve our trading platform and
learning experience.
Regards,
Olive M. Darragh
Zolio, CEO and Founder
www.zolio.com

2. Report for jayogrey6
January 05, 2016 - March 25, 2016 (Certified by Zolio)
Starting Capital $1,000,000 Net P&L $106,838
Ending Capital $1,106,838 Trading P&L $106,905
Net RoR 10.68% Commissions ($43)
Trading RoR 10.69% Borrow Costs ($24)
Trading Days 56 Executed Trades 22
Distinct Instruments Traded 10
Continued...
RoR
jayogrey6 vs. Market Benchmarks
jayogrey6 (+10.68%) S&P 500 (+1.16%) Dow (+2.14%) NASDAQ (-2.64%)
18. Jan 1. Feb 15. Feb 29. Feb 14. Mar
-20
-10
0
10
20
P&L (USD)
jayogrey6 Daily P&L
4. Jan 18. Jan 1. Feb 15. Feb 29. Feb 14. Mar
-50k
-25k
0k
25k
50k

3. By Type By Direction By Status
Zolio Performance Report for jayogrey6 (continued)
Monthly Performance
Period PnL RoR S&P Dow NASDAQ
Jan. 05-31 2016 65,716 6.57% -3.60% -3.98% -5.90%
Feb. 01-29 2016 (31,489) -2.95% -0.41% 0.30% -1.21%
Mar. 01-24 2016 72,611 7.02% 5.37% 6.05% 4.73%
Wins / Losses
Top 5 Losing Days Top 5 Winning Days
2016-02-04 (38,193) -3.60% 2016-01-28 35,637 3.50%
2016-02-05 (35,268) -3.45% 2016-03-01 34,882 3.37%
2016-01-25 (27,266) -2.65% 2016-01-26 27,694 2.77%
2016-02-23 (17,649) -1.70% 2016-02-17 25,105 2.50%
2016-02-11 (12,414) -1.26% 2016-02-16 16,748 1.69%
Top 5 Losing Positions Top 5 Winning Positions
RL (8,406) IBM 32,885
DIS (104) DWTI 26,354
— JNJ 15,186
— AAPL 13,587
— GOOG 12,120
Orders / Trades
Total orders: 22 | Filled orders: 22 | Avg. orders/day: 0.39
This performance report has been certified by Zolio, an independent trading platform with real-time market feeds.
Employers should feed free to contact Zolio at support@zolio.com with any questions or for further clarification.
Market
Market
Buy
Buy
Sell
Sell
Filled
Filled

4. Zolio Profile Report for jayogrey6 (continued)
Portfolio Overview
Below are all positions held during your trading experience. Note that the maximum short and long market values
reflect position valuation at the close of trading and might not reflect intraday position or pricing changes.
Positions where neither value is provided reflect a position that was opened and fully liquidated on a single day.
Instrument Trades
Max Long
Mkt.Value
Max Short
Mkt.Value
P&L
Basic materials $8,528
Phillips 66 (PSX) 2 $81,144 — $8,528
Consumer goods $5,181
Apple Inc. (AAPL) 2 $116,325 — $13,587
Ralph Lauren Corporation (RL) 2 $161,784 — ($8,406)
Financial $26,354
Credit Suisse VelocityShares 3X Inverse Crude
Exchange Traded Notes 2012- Linked to S&P
GSCI Crude O (DWTI)
2 — ($112,899) $26,354
Healthcare $15,186
Johnson & Johnson (JNJ) 2 $119,350 — $15,186
Services $6,584
Netflix Inc. (NFLX) 4 $217,381 — $5,307
McDonald's Corporation (MCD) 2 $101,557 — $1,382
The Walt Disney Company (DIS) 2 $19,422 — ($104)
Technology $45,005
International Business Machines Corporation
(IBM)
2 $182,815 — $32,885
Alphabet Inc. (GOOG) 2 $175,870 — $12,120

5. Zolio Profile Report for jayogrey6 (continued)
Trading Style Comparison
These comparisons show core metrics for your account versus the average values of your intern class.
Metric jayogrey6 Winter 2016 (Avg)
Overall Performance
Rate of Return +10.68% +1.95%
P&L $106,838 $19,536
Trades and Executions
Number of Trades 13 47
Avg Trade Market Value $94,127 $42,790
Distinct Instruments Traded * 10 20
Avg Trade Confidence 91 66
Average Daily Market Values
Long Portfolio $843,049 $373,569
Short Portfolio ($5,357) ($54,570)
Available Buying Power $237,762 $681,133
Journaling & Engagement
Weekly Journals ** 9 7.6
Trade Journals 12 36
Percent of Trades Journaled 92% 76%
* To be in compliance with Zolio trading rules, participants must trade at least ten distinct instruments.
** Participants must submit weekly journal entries to continue trading on the platform.
This performance report has been certified by Zolio, an independent trading platform with real-time market feeds.
Employers should feed free to contact Zolio at support@zolio.com with any questions or for further clarification.

6. Zolio Performance Report for jayogrey6 (continued)
Zolio Experiences, Strengths, and Preferences (Zolio ESP™)
At the start of your Zolio experience, we asked you to complete an initial survey with many questions about your
experiences, strengths, and preferences (Zolio ESP™). This section of your report is meant to provide you with
feedback about those Zolio ESP™ results which are linked to your personality and behavior.
With extensive investing experience on Zolio's platform we endeavor to highlight the correlation between your
Zolio ESP™ profile answers and your trading performance. The more data we have, the more accurate the
correlations. However, with a relatively short trading history, correlations are unlikely to emerge or be
accurate. Thus your Zolio ESP™ feedback focuses only on how you answered the questions relative to
your peers.
Here are a few important things to remember about your results:
1. There is no "right" or "best" or "bad" set of Zolio ESP™ results. The results are about you and your
talent as it played out in the Zolio process.
2. You can be successful, or not, using any set of personal strengths and styles. The key is understanding
your personal strengths and style. Zolio ESP™ may help you achieve that by looking at how you
answered the questions relative to your peers.
3. You may believe that your talents and style "really" are different from your Zolio ESP™ results. That could
be due to some or all of the following factors:
You might think of yourself personally being one way, but you answered the questions on the Zolio
ESP™ in a different way.
You thought some of the questions were just plain odd and you weren't sure what was being asked. If
you had understood them differently you might have responded differently.
Maybe you tried to game the items (i.e. thought there were "right" answers) and if so these results
reflect how you seem while trying to guess right answers rather than how you truly are.
4. Your Zolio ESP™ results may be more accurate than you think they are. Consider what you would be like if
the results were really true; how do your experiences, strengths, and preferences contribute to your
success or developmental needs? Take whatever the outcomes and feedback tell you, and work with them
to build yourself as an investor and trader.
Continued...

7. Zolio Performance Report for jayogrey6 (continued)
Benchmarking your results
Extensive research by Zolio and many others in the investment world indicate that successful investors have a
broad range of talents and traits. Zolio focuses on a few that are consistently seen as correlated with success as
an investor. These traits and talents can be combined in many ways. There are few, if any investors, who are
equally strong across all talents and traits. Your feedback report indicates how you scored on the Zolio ESP™
relative to your peers in terms of these talents and traits.
Financial analytical ability and market savvy: successful investors are highly analytical. They are
swayed by logic, facts, and evidence.
Self-management: successful investors are highly goal-oriented and disciplined. They use their trading
results to keep score not only relative to other investors, but relative to their own goals. These investors
have not only an overall trading plan for their portfolio, but have one for individual trades as well. The best
investors, at times, lose money, but unlike others they have two responses to losing money: first, they
relentlessly analyze their trading plans and execution so as to not repeat their mistake, and second they
systematically work their way back from losses in accordance with their trading plans.
Openness to new experience: successful investors are always looking for new investing ideas even in
well-defined market segments. They are always questioning their trading ideas and seeking feedback from
trusted sources. These investors also filter out sources that are untrustworthy or unfruitful. In a world
where new trading opportunities are constantly being marketed, it’s important for these traders to be
open to opportunities but be prudent with their sources by filtering out noise, hearsay and information
that is not fact-based.
Emotional self-regulation and capacity for risk tolerance: successful investors are able to function in
the face of adversity or elation without losing their perspective. They channel their emotional energy into
the "rage to master" rather than raging against adversity. They define first what levels of returns they wish
to achieve, and then define what level of risk they are willing to take to achieve those returns. Return
targets may be tempered by the investor’s capacity to manage unease about risk.
The chart above show your Zolio ESP™ results relative to Zolio participants whose P&L performance was in the top quartile. The scores are reported using a "T-
scale score," which is a scale with an average value of 50 and a standard deviation of 10. Thus, a score of 50 is average relative to others, a score of 60 is higher than
84% of all others, and a score of 40 is higher than 16% of all others.
T-scale score
Joshua Ogrey Zolio ESP Performance
50
50
51
51
53
53
58
58
51
51
48
48
49
49
51
51
Joshua Ogrey
Zolio Traders
(top quartile)
Financial Analytical
Ability & Market
Savvy
Self-Management Openness Self Regulation and
Risk Tolerance
0
25
50
75
100