Passive Healthcare index investing strategy. 30 largest companies by market cap (Excluding the ones not available in Stockfuse). Following Spliced Health Care Index. Weight of MYL is 2.4%.

Initial portfolio trade │Passive low book value strategy│ equal weighting, target 5% │Long

Health care sector | Sector P/B: 4.3 | Stock P/B: 0.63

Sources: Yahoo Finance, Siblis Research

Long position. Part of our passive small cap healthcare investment strategy. The initial position (~6% of our portfolio @ leverage of 1) is based on our selection of the smallest cap stocks in the S&P 500 Healthcare index in the same proportion as the stock's share of the whole index. The limit of a stock's weight in our portfolio is 15% and rebalancing will be accordingly.

Initial short positions of the fund will be based on the worst-performing stocks of S&P500 in 2019. Mylan among the worst-performing stocks and will have an equally weighted share within the fund.

Long-short 12 month momentum S&P 500. Equal weight. This stock was on 14.1.2020 at 19.15 (Eastern European) in the worst 10 performers of S&P 500 of the past 12 month period. Rank 8.

The stock price has been changing a lot during the past year. Short position on momentum strategy.

According to the fund's strategy, we sell short 5 % of the S&P 500 large-cap firms that have the highest p/e ratios (i.e. total 25 firms).