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Opportunistic Value CEF Strategy

Overview

The Opportunistic Value Closed-End Fund (CEF) Strategy seeks to provide long-term capital growth via a value-driven, high-conviction approach. The Strategy is maximally opportunistic, seeking to take advantage of the most compelling valuations in the closed-end fund universe globally. The investment philosophy is bottom-up and benchmark agnostic, giving focused exposure to closed-end fund discount dislocations across asset classes and geographies in a concentrated “best ideas” portfolio.

Opportunistic Value Composite Performance Ending 31-Mar-19*

Returns are shown net of fees. Past performance is no guarantee of future results. Periods over one year are annualized.

*Composite Description: The Opportunistic Value Composite was created in September 2014, and is a multi-asset class composite focused on global markets managed by City of London Investment Management. The investment objective of the strategy is to outperform the benchmark index after fees, over a three year period, by exploiting discount inefficiency in the closed-end fund universe. It utilizes fundamental investment principles and quantitative approaches to build a portfolio of attractively valued closed end funds providing multi-asset class exposure. The Composite employs listed funds, including closed-end funds and ETFs. The strategy is measured against a blended index composed of 50% MSCI All Country World Index (net total return) and 50% Barclays Global Aggregate Bond Index (total return), rebalanced daily.

**Index Description: The 50/50 MSCI ACWI/Barclays Global Agg Bond benchmark is a custom blended index calculated daily by City of London Investment Management by applying a 50% weighting to the MSCI ACWI (net total return) and 50% weighting to the Barclays Global Aggregate Bond Index (total return).

Source: City of London Investment Management

Definition of the Firm

City of London Investment Management Company Limited is authorised and regulated for the conduct of investment business within the UK by the Financial Conduct Authority, registered as an Investment Advisor with the United States Securities and Exchange Commission (SEC) and regulated by the Dubai Financial Services Authority (DFSA).

CLIM claims compliance with the Global Investment Performance Standards (GIPS®)

To receive a complete list and description of CLIM composites and/or a presentation that adheres to the GIPS standards contact us.

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City of London Investment Management Company Limited is authorised and regulated for the conduct of investment business within the UK by the Financial Conduct Authority (FCA), registered as an Investment Advisor with the United States Securities and Exchange Commission (SEC) and regulated by the Dubai Financial Services Authority (DFSA).
Registered in England and Wales No. 2851236.   Registered Office: 77 Gracechurch Street, London, EC3V 0AS, England.

© 2019 City of London Investment Group PLC.
All rights reserved.

City of London Investment Management Company Limited is authorised and regulated for the conduct of investment business within the UK by the Financial Conduct Authority (FCA), registered as an Investment Advisor with the United States Securities and Exchange Commission (SEC) and regulated by the Dubai Financial Services Authority (DFSA).
Registered in England and Wales No. 2851236.   Registered Office: 77 Gracechurch Street, London, EC3V 0AS, England.

© 2019 City of London Investment Group PLC. All rights reserved.