Trapeze Global Insight Model

Strategy Overview

The Trapeze Global Insight Model is generally for clients whose principal objective is long-term capital appreciation.

The Global Insight Model invests primarily in securities of large capitalization companies, typically with market caps over $5 billion at the time of purchase, but may invest in companies with market caps of $2 to $5 billion. The Trapeze Global Insight Model employs a proprietary and systematic process to uncover large cap global equities which our analysis indicates are undervalued. The most undervalued securities in our global large cap universe¬†form the focus group for our analytical team to concentrate its research efforts for investment targets. The undervalued stocks from the focus group that pass our research review process become targets for our equity portfolio. Our proprietary Trapeze Ratio of Adjusted Capital (TRAC™) system is used in an effort to optimize buy and sell decisions for targets and portfolio holdings.

In addition to rigorous stock screening and research, we utilize a parallel process to monitor economic and market risk. The business cycles of all major economic regions are monitored via our Trapeze Economic Composite (TEC™) model. Market risk is monitored by our Trapeze Relative Indicator of Momentum (TRIM™), an algorithm that combines market momentum and volatility.

Top Ten Holdings (as at September 30, 2018)*

SCHIBSTED ASA NOK 1.0
CBRE GROUP INC CL A
MEDTRONIC PLC
CVS HEALTH CORPORATION
ROYAL CARIBBEAN CRUISES LTD
GRUPO AEROPORTUARIO DEL SURESTE SPONS ADR
MITSUBISHI CHEMICAL HLDGS COR
COMCAST CORP. CL-A NEW
ALASKA AIR GROUP INC.
HOWARD HUGHES CORP

* Holdings indicate long positions only (i.e., exclude any short positions for authorized accounts). Holdings are for an actual representative account managed by Trapeze based on our Global Insight Model and are provided for reference purposes only to show examples of the type/nature of investments; holdings of other client accounts may differ.

Key Details

InceptionJune 1, 2012
Investment universeGlobal large cap
StyleValue
Short selling and optionsFor authorized accounts
Management fee1.25%
Performance fee20% of appreciation over 6% hurdle rate