Portfolio Construction

Portfolio Construction for the
WorldOver Global Equity Fund

20-40 stocks

Top 5 positions maximum of 50% of Gross Value

Maximum of 35% exposure to any one macro/country factor

Individual high risk positions 1-4% of gross

Non-listed companies maximum of 5% of gross

No sector, country or currency constraints

Hedging to augment returns, reduce perceived downside risk, and improve portfolio efficiency

Leverage to be used sparingly

Continuous re-assessment based on News, Results, Relative Size, Performance, Expectations and portfolio risk