EFTA Document EFTA01392269

GLDUS128 Patrick Gerschel iCapital Advisors, LLC Form ADV Part 2A They generally are determined by the forces of supply and demand in the foreign exchange markets and the relative merits of investments in different countries, changes in interest rates and other factors. Currency exchange rates can also be affected by intervention, or the failure to intervene, by U.S. and foreign governments or central banks, or by currency controls or political developments in the United States and abroad