Strategy Characteristics:
| Inception | Feb, 2015 |
| Benchmark | MSCI ACWI ex-U.S. |
| 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
Diversified international investing with strong ESG characteristics
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 ACWI ex U.S. Index. The portfolio invests in companies that exhibit attractive risk/return profiles and favorable ESG characteristics.
Intentionality Incorporated in the Portfolio
| Diversity & Inclusion | Environmental Care | Human Rights Protection |
|---|---|---|
| Gender and inclusion policies Women in leadership | GHG emissions mitigation Renewable energy Water conservation | Value & preservation of human life Protect community health |
 |  |  |
| International Equity Profile | Portfolio | Benchmark |
|---|---|---|
| % holdings with environmental rank >50 | 61% | 47% |
| Median Environmental Rank Score1 | 65 | 46 |
| Weighted avg % of women on boards | 35% | 18% |
Source: Bloomberg
1Based on RobecoSAM Environmental score
All data as of June 30, 2019 unless otherwise noted.
| Regional Allocation (%) | Top Ten Holdings (%) As of 08/31/2019 | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| Sector Allocation (%) As of 08/31/2019 |
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Risk/Return Measures
| Portfolio | Benchmark | |
|---|---|---|
| Beta2 | 0.99 | - |
| Tracking Error2 | 3.20% | - |
| Sharpe Ratio2 | 0.54 | 0.21 |
| Information Ratio2 | 0.76 | - |
| Maximum Drawdown3 | -17% | -19% |
| Upside/ Downside2 | 103% / 85% | - |
2Feb 27, 2015 - Mar 29, 2019
3Maximum drawdown period was from Feb 1, 2018 – Dec 31, 2018. Source: Morningstar
Respect, Diversity, Intellectual Curiosity & Rigor, Objectivity and Humility
Composite performance figures based on:
Mutual fund KCIIX Feb 2015 – March 2019; Separate account March 2019 – June 2019