Investment Strategies

Flagship Strategy

Wealth of Nations^®

A modern portfolio framework built for markets that don’t always behave.

Most balanced portfolios are built around one assumption: that stocks and bonds will offset each other when markets get difficult. Wealth of Nations^® was built around a different one.

We believe today’s markets are increasingly shaped by inflation dynamics, government policy, and collective investor behavior. These forces can undermine traditional diversification when it is needed most.

We address these challenges by focusing on inflation-adjusted performance, seeking to use efficient and purposeful diversification to keep more in equities, and to optimize the timing of our rebalancing, even engaging in active management through time-based macro-event analysis.

Wealth of Nations^® integrates three distinct but complementary strategies into a single, cohesive framework:

• Contrarian Value Equity: A disciplined U.S. equity sleeve focused on valuation and risk mitigation within the risky equity asset class across market cycles.
• WON World Equity: A global equity sleeve that seeks relative momentum, broadening the opportunity set across regions, sectors, and styles.
• Market Opportunity: A macro and risk-management sleeve that dynamically allocates across asset classes and seeks efficient management of systemic risk, inflation exposure, and regime-driven volatility.

This approach creates a portfolio positioned for long-term growth while proactively addressing risks that may not be immediately apparent. For investors seeking flexibility, each component is also available as a standalone strategy.

Interested in exploring the Wealth of Nation^® approach in greater detail? Download our free position paper.

Available as a complete framework or combined with individual sleeves.

Macro Strategy

Market Opportunity

Active risk management across changing market regimes.

Market Opportunity seeks to perform during periods of market disruption.

This macro and risk-management strategy dynamically allocates among equities, high-quality fixed income, precious metals, and cash. It responds to shifts in inflation, policy, and market conditions rather than holding a static position through them. The strategy takes five possible positions relative to the S&P 500, from significantly underweight to overweight, premised on time-based entry and exit criteria instead of price targets.

For investors with existing equity strategies, Market Opportunity is intended to complement, not replace, that exposure. It serves as a dedicated risk-management layer to help portfolios navigate the regime shifts that traditional diversification may overlook.

Available as a standalone strategy or as a component of Wealth of Nations^®.

Global Equity

WON World Equity

Trend-aware global equity exposure across regions, sectors, and styles.

Domestic markets don’t tell the whole story. WON World Equity seeks to capture opportunities across global equity and commodity-based ETFs, adapting to shifts in market leadership as conditions change.

The strategy employs a trend-aware approach to allocate across regions and sectors, aiming to participate when leadership is evident and reduce exposure when it is not. It’s designed for investors seeking global diversification with active attention to emerging momentum, rather than a static allocation to the world index.

Available as a standalone strategy or as a component of Wealth of Nations^®.

U.S. Equity

Contrarian Value Equity

Disciplined, valuation-driven investing in U.S. equities.

Good businesses purchased at the wrong price aren’t good investments. Contrarian Value Equity is based on the principle that purchase price is critical, and that markets often provide opportunities to acquire quality companies at attractive valuations, especially when multiples are low and sentiment is negative.

The strategy is designed to be risk-aware, focusing on identifying businesses trading below intrinsic value and managing exposure across market cycles. Rather than chasing momentum or concentrating in prevailing trends, it emphasizes valuation discipline and risk management in pursuit of long-term, inflation-aware returns.

Investing in equities involves the risk of loss, including during broad market declines, and assessments of intrinsic value may prove incorrect. There is no guarantee the strategy will achieve its objectives, preserve purchasing power, or limit losses.

Available as a standalone strategy or as a component of Wealth of Nations^®.

Balanced

Contrarian Value Balanced

A traditional blend of equity and fixed income, actively managed.

For investors seeking a conventional balanced portfolio, Contrarian Value Balanced combines our equity discipline with high-quality fixed income in proportions tailored to client objectives, risk tolerance, and evolving market conditions. Allocations are actively managed, allowing the balance between equity and bonds to adjust as needed.

This strategy is designed for investors with meaningful income needs or a clear preference for a traditional equity-and-bond structure.

Fixed Income

Taxable Fixed Income

High-quality bonds, actively managed for total return.

Our fixed income strategy invests in high-quality, intermediate-maturity bonds, using active duration and credit management to support total return while navigating changing interest rate and credit environments. It is available to clients with specific fixed-income requirements or as a complement to existing equity exposure.