SPINOZA GLOBAL QUANT VALUE FUND

Quantitative equity fund with dynamic variation of equity quota

The Spinoza Global Quant Value Fund invests on a global basis in equities of companies with strong market positions and compelling business models. Stocks are evaluated on the basis of fundamental criteria and selected after careful analysis and review. The focus is on the following three criteria: growth, quality and valuation. Preference is given to companies with a strong balance sheet and low debt.

For each investment, it is crucial that the current share price represents a sufficiently large discount to the expected value of the company in three to five years. For a positive investment decision, it is critical that a company is judged to be undervalued relative to its future value.

The central question in any investment decision is: Where will the company be in three to five years? Here, the growth of the company and the strength of the business model are of particular importance.

In addition to building a portfolio of high-quality stocks, the fund manages its global equity exposure with futures based on broad, liquid equity indices. This ensures that the fund has a lower equity exposure in expensive markets and a higher equity exposure in periods of low valuations.

The equity exposure of the fund is managed anti-cyclically. This reduces risks and creates the flexibility to take advantage of lower prices during phases of market weakness.