Strategy Characteristics:
| Inception | March 29, 2019 |
| Benchmark | MSCI World |
| Position Size | 5% Maximum |
| Holdings | 45 to 65 |
| Active Share | >90% |
| Sector | +/-5% |
| Region | +/-5% |
| Top 10 Holdings | 20%-30% |
| Market Cap | Multi (Large & Mid) |
| Tracking Error | 3%–5% |
| Beta | ~1.0 |
| Style | Core |
Portfolio Management
Ivka Kalus - Founder, CIO, Portfolio Manager
Seizing the alpha opportunity in gender-diverse investing.
Studies1 have shown that companies with gender-diverse leadership have above market-average: profitability, value creation, innovation, risk management, employee retention/productivity and ESG scores. This leads to investment opportunities that offer financial returns and social impact to close the gender gap. 1McKinsey, Credit Suisse, BCG, BOA, MSCI Studies 2016-2018 |  |
Gender Diverse Boards Outperform
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Investment Strategy
The strategy utilizes a sector and region-neutral risk-controlled framework that seeks to provide long-term capital appreciation and excess returns relative to the MSCI World Index. The strategy combines a quantitative and fundamental investment approach that invests in companies that benefit from gender diverse leadership and advance the participation of women in the boardroom and in executive roles.
| Minimum Inclusion Criteria | ||
|---|---|---|
| At least two women on the board | At least 20% of portfolio companies will have woman CEO, CFO, COO or CTO | Portfolio has at least 30% more women on boards, in management and in C-suite than benchmark |
| Current Portfolio Gender Characteristics | ||
|---|---|---|
| 34% of board seats held by women | 38% of portfolio holdings have women in C-suite | 27% of top management roles held by women |
All data as of June 30, 2019 unless otherwise noted.
| Regional Allocation (%) | Top Ten Holdings (%) | ||||||||||||||||||||||
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| Sector Allocation (%) |
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Investment Process
The fund is managed using Promethos’ risk management investment process of three iterative steps—Rank, Research, Construct—by which the investment universe is constantly monitored for the highest alpha potential, and the portfolio is constructed based on how holdings represent the evolving risk/reward potential of the global investment opportunity. To fully reflect the benefit of gender diversity, our goal is a portfolio that has at least 30% more women at the board level, in senior management, and in the C-suite than the benchmark.
Respect, Diversity, Intellectual Curiosity & Rigor, Objectivity and Humility