Fulcrum Equity Dispersion Fund - I EUR ACC Fonds

Fulcrum's Equity Dispersion Fund provides investors with dynamic exposure to pure equity dispersion on large cap global indices, the portfolio is biased long volatility and generates a positive carry during most of the economic cycle. The Fund is mainly focused on discretionary analysis of the derivatives markets and constructs trades to benefit from the compelling positive carry opportunities. Once the 'where' and 'when' discretionary decisions have been taken, the systematic single stock selection process constructs the portfolio we wish to trade. We orient the portfolio so that it has an excess long volatility exposure to single stock volatility most of the time and we choose to express our views through OTC structures. We believe this implementation and choice of instruments results in the purest exposure to Dispersion, with clear definition of outcome and cost from the outset. There is significant scope for additional alpha to be added from our proprietary systematic stock selection filter, which has been developed and enhanced over many years of research and practical experience. The Fund is structured so that it aims to add alpha to a diversified portfolio, whilst contributing little additional risk as a result of its structurally low correlation to equities and bonds.