INVESTMENT PHILOSOPHY

Our investment philosophy across both South African and International Portfolios is anchored in rigorous, fundamental research aimed at identifying assets with robust long-term profiles.

We do not invest in anything we cannot suppport with robust, quality research

We prioritize a disciplined approach to capital allocation, defined by the following core pillars:

Strategic Weighting & Risk Management:

Unlike traditional benchmark-tracking funds, we define risk through strategic weighting rather than market capitalization. Our conviction is reflected in the portfolio's composition; we

assign higher weightings to specific stocks based on their projected performance and intrinsic value. The Portfolio Manager maintains a medium-risk mandate, dynamically adjusting

exposure to individual companies based on evolving valuations and market conditions.

Dual-Engine Return Strategy:

We employ a sophisticated "Total Return" approach to balance stability with growth:

Income Underpin: We prioritize consistent yield to smooth volatility and provide a defensive buffer during shorter-term market fluctuations.

Value-Driven Growth: This income focus is integrated with a deep-value methodology, targeting significant capital appreciation over the long-term investment horizon.

High-Conviction, Contrarian Selection, Custom Indices:

Our process around our UNICORN and AnComp portfolios is inherently active and differentiated. We often identify opportunities in companies that deviate from prevailing market trends

but represent superior earnings potential. Every constituent in the AnBro portfolios is "handpicked" on its individual merits, ensuring a diverse and idiosyncratic collection of investments

that are not bound by standard index herd behavior.

In our quant based portfolios TITANS and BRNDZ we have designed custom indices that are only rebalanced annually. These smart passive portfolios provide superior returns and

lower risk profiles than the indices they benchmark against.

Each AnBro portfolio has its own specific investment mandate.

Global Governance & Oversight:

To maintain institutional-grade prudence and objective risk modeling, all offshore indices and asset allocation frameworks are provided by 20Twenty Onward UK Ltd. As an independent,

UK-registered management consultant and solutions provider, they provide an essential layer of specialized oversight and analytical rigor to our global investment process. This provides AnBro with a valuable partner able to access to meetings with the global companies we invest in.

Research:

AnBro’s portfolio management team has access to the highest rated International Research Analysts and Research Teams.