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THE CEDAR PORTFOLIO – AN ACTIVELY MANAGED PORTFOLIO OF GREAT BUSINESSES FROM AROUND THE WORLD

Value Investing – Unique Approach – see below for our BRICS+ Cedar Portfolio Characteristics

BRICS+ Cedar Portfolio Performance: +18% YTD in SGD (Singapore Dollar) Terms (about +25% YTD in USD Terms) – as of July 16, 2025

Flagship Cedar Portfolio Performance Results from prior years – click below:

Link to Expression of Interest in the Cedar Portfolio Investment Strategy

Helping to meet the Challenges of the Current Environment:

Negative Interest

How do you get real yield in an environment of essentially 0% interest rates or negative real interest rates (nominal interest rates minus inflation)?

Preserve Purchasing

How do you preserve purchasing power when currencies are depreciating? How do you preserve purchasing power in a rising inflation environment?

Investment Environment

How do you invest in an environment characterized by quantitative easing, monetization and policy-based interest rates?

The Cedar Portfolio

How do you target outperforming portfolio returns?

Investing using principles of the Austrian School of Economics

Unique Approach

“The Austrian investment approach eschews leverage, promotions, and fads. It is likely to steer one away from disastrous investment outcomes through a balanced approach to wealth preservation. In short, the Austrian methodology is based on reality, not fancy, and its application in daily practice will provide an investor with favorable odds to achieve financial well-being.”

– Austrian School for Investors by Incrementum Fund Managers Ronald-Peter Stoeferle and Mark Valek and Incrementum Advisory Board Members Heinz Blasnik and Rahim Taghizadegan

Veteran Floor Trader Yra Harris

A World Class Team! – led by Research Strategist Yra Harris

Yra has decades of experience as a Floor Trader, and served as a Board Member of the Chicago Mercantile Exchange (CME). He frequently appears on CNBC and other global media outlets to provide perspective and insight into the economy and financial markets.

“The idea of a more sustainable, cleaner, and social economic system is not new .. it is happening as we speak thanks to competition and technology .. consumers are already making companies all over the world implement increasingly higher sustainability and environmentally friendly policies .. If we want a more sustainable world, we need to defend sound money policies .. free markets .. will make this world better for all.”

– Daniel Lacalle, Economist and Fund Manager – Article Link