King MODEL PORTFOLIO Factsheets

Monthly Portfolio Changes

In February we made several changes to the equity portion of the ACUMEN Portfolios. Within equities we reduced our exposure to the global quality factor and US healthcare stocks and increased our exposure to the UK and Europe, particularly to those companies paying high and stable dividends. Within emerging markets, we rotated out of a broad-based position providing exposure to those companies with strong ESG credentials, and into dividend focused firms in Asia Pacific.