Pantarai ADAPT

ADAPT investment process

ASSET ALLOCATION

Equities (68.7%)

Fixed Income & Cash (10.5%)

Commodities (20.8%)

CURRENCY REGIME (USD/EUR)

EUR assets (48.1%)

USD assets (51.9%)

US EQUITY

S&P 5006.1%

Nasdaq 1004.3%

US Quality5.0%

WORLD EQUITY

Emerging Markets10.7%

MSCI World20.0%

EUROPEAN EQUITY

Euro Stoxx 506.2%

EU Spain3.5%

EU Small Caps5.0%

EU Cyclicals3.0%

GOVIES & CASH PROXIES

EU Govies 1-3y7.0%

EU Govies 7-10y3.5%

COMMODITIES

Gold11.4%

Commodities Basket9.4%