EQUITY & FIXED INCOME FUND

The Equity & Fixed Income Fund started its operations in September 2023, initially focusing solely on U.S. stocks and bonds markets. As of October 2024, the fund expanded its investment geographical horizon, enhancing its flexibility and diversification strategy. The fund aims to provide steady returns through an active management strategy, primarily driven by a value-investing approach in developed markets. This report encompasses different aspects of our portfolio, including a more detailed fund definition, portfolio performance, macroeconomic analysis of the key markets in which we operate, an outline of our transactions, our risk management approach, and a conclusion focusing on portfolio outlook.