information packet of model portfolio services

1. 1© The Cedar Portfolio All Rights Reserved.
cedarportfolio.com
September 2019
Research Services
to help grow capital and derive yield
through real wealth investments
and trading opportunities.
Target 10% - 12% annually in USD terms, with outperformance relative to
industry benchmark indices at lower risk, and through businesses with
strong corporate social responsibility (CSR) programs that address
environment, social and governance (ESG) factors towards socially
responsible investing (SRI).

2. 2© The Cedar Portfolio All Rights Reserved.
Disclaimer
• This information and material contained in this presentation is of a general nature and is intended for educational purposes only. Opinions
expressed are subject to change without notice and are not intended as investment advice or to predict future performance. This presentation
does not constitute a recommendation or a solicitation or offer of the purchase or sale of securities. Furthermore, this presentation does not
endorse or recommend any tax, legal, or investment related strategy, trading related strategy or model portfolio. The future performance of an
investment, trade, strategy or model portfolio cannot be deduced from past performance.
• As with any investment , trade, strategy or mode portfolio, the outcome depends upon many factors including: investment or trading
objectives, income, net worth, tax bracket, risk tolerance, as well as economic and market factors. Asset allocation does not assure or
guarantee better performance and cannot eliminate the risk of investment or trading loss. Economic forecasts set forth may not develop as
predicted and there can be no guarantee that investments, trades, strategies or mode portfolios promoted will be successful.
• All information contained in this presentation has been derived from sources that are deemed by us to be reliable but cannot be guaranteed.
• Yra Harris is serving as a Research Strategist role and not performing as a Portfolio Manager role.
Cedargold Pte. Ltd.
info@cedarportfolio.com
https://cedarportfolio.com

3. 3© The Cedar Portfolio All Rights Reserved.
Current Challenges in Investing and Trading
How do you get
real yield in an
environment of
essentially 0%
interest rates or
negative real
interest rates
(nominal interest
rates minus
inflation)?
How do you preserve
purchasing power when
central banks around
the world are
intentionally weakening
their currencies? How
do you preserve
purchasing power in a
rising inflation
environment?
How do you invest in
an environment
characterized by
ongoing central
bank and
government
interventions and
ring-fencing
regulations?
How do you
mitigate potential
adverse risks such
as defaults, capital
controls,
protectionism,
trade wars, bank
account bail-ins,
nationalizations,
climate change
and regulatory
capture?

4. 4© The Cedar Portfolio All Rights Reserved.
Unique Powerful Value Investing Approach to
address the Challenges in Investing and Trading
14 Smart Beta
Factors
+
Analysis, Policy
Changes/Trends
ASE Principles
(Applicable to Investing
and Trading)
Austrian School
of Economics
(ASE)
14 Smart Beta Factors:
7 Quantitative Factors
+
7 Qualitative Factors
The approach is based upon using the principles of the Austrian School of Economics (ASE)
towards investing and trading. The ASE is a school of thought initially developed from some
economists in Vienna Austria back in the 1870s. The ASE emphasizes savings and investment,
with minimal debt and leverage, and maintains that policy changes which allow markets to
operate freely result in economic growth and wealth creation, whereas interventionist policies
are not friendly to the markets and result in economic stagnation and wealth destruction. Profit
opportunities exist when these changes are anticipated and interpreted properly, and when
identifying cash-flowing businesses characterized by innovation, longevity and growth in value.

5. 5© The Cedar Portfolio All Rights Reserved.
ASE Principles -> 7 Quantitative Smart Beta Factors
5© The Cedar Portfolio All Rights Reserved.
1 ASE Principle - Value is placed upon cash-flowing businesses
2 ASE Principle - Value is placed upon limited debt and leverage
3 ASE Principle - Value is placed upon high earnings per share
4 ASE Principle - Value is placed upon payout distribution
5 ASE Principle - Value is placed upon enduring operations
6 ASE Principle - Value is placed upon owner-operators
7 ASE Principle - Value is placed upon stable or decreasing float
Each Factor with
studies indicating positive
correlation
to equity outperformance
7 Positive
Correlated Factors
Taken Together
Sequentially in
Series – Powerful!

6. 6© The Cedar Portfolio All Rights Reserved.
ASE Principles -> 7 Qualitative Smart Beta Factors
6© The Cedar Portfolio All Rights Reserved.
1 ASE Principle - Value is placed upon corporate social responsibility
2 ASE Principle - Value is placed upon alignment to economic trends
3 ASE Principle - Value is placed upon alignment to millennial trends
4 ASE Principle - Value is placed upon uniqueness and scarcity
5 ASE Principle - Value is placed upon innovation
6 ASE Principle - Value is placed upon risk mitigation
7 ASE Principle - Value is placed upon holding value/purchasing power
Qualitative Factors
taken into account

7. 7© The Cedar Portfolio All Rights Reserved.
Investing Management Process
– 7 Quantitative + 7 Qualitative Smart Beta Factors
Universe of Potential Equities in the Portfolio
Assessment of 7 Quantitative Factors
Assessment of 7 Qualitative Factors
Pool of Suitable Equities in the Portfolio
Global Equities Pool (GEP)
Ongoing
Assessment for
Suitability in the
Portfolio
InvestmentManagementCommittee(IMC)l

8. 8© The Cedar Portfolio All Rights Reserved.
Trading Management Process
– Analysis, Policy Changes/Trends
Universe of Multi-Assets
Fundamental and Technical Analysis,
Policy Changes/Trends
Trading Suggestions by Research Strategist
Veteran Floor Trader Yra Harris
Ongoing
Assessment for
Suitability in the
Portfolio
InvestmentManagementCommittee(IMC)

9. 9© The Cedar Portfolio All Rights Reserved.
Risk Management Process
RiskManagementCommittee(RMC)
• Monitoring and Assessing Market, Credit and Operational Risks to the
Businesses in the Portfolio
• Monitoring and Assessing Portfolio Risk Metrics
• Monitoring and Assessing Economic Trends for Risks to the Portfolio
• Monitoring and Assessing Portfolio Compliance to Regulations and Standards
• Defining, Monitoring and Assessing Policies and Procedures
• Specifying and Implementing Actions to Address Portfolio Risks

10. 10© The Cedar Portfolio All Rights Reserved.
The Cedar Portfolio – Research Services
3 Parts
Investments -
maintained pool of
equities identified by
the 14
Smart Beta Factors:
Global Equities Pool
(GEP)
Trading Opportunities
suggested by
Yra Harris:
Multi-Asset*
Trading
Opportunities
(YHTO)
Suggested
“Cash Holdings” –
Physical Precious
Metals, Gold or Silver-
backed Crypto-
currencies Regulated
in the Financial
System
© The Cedar Portfolio All Rights Reserved.
“Cash-Holdings” = how best to hold “cash” when between investments and trades

11. 11© The Cedar Portfolio All Rights Reserved.
All 3 Parts of the Portfolio available to subscribers
What You Get:
Global
Equities
Pool
(GEP)
Yra Harris
Multi-Asset
Trading
Opportunities
(YHTO)
Specific
“Cash Holdings”
Suggestions
Access to our secure portal for
information on specific suggested
investments and trades
Notifications via email and texting for
investment and trade suggestions
– for entering and exiting
Supporting information on
exchanges, symbols and
securities specifications
+ +

12. 12© The Cedar Portfolio All Rights Reserved.
Backtesting Results from 2005 on Global Equities portfolio
- Outperformance relative to MSCI World Index
M E T R I C P O R T F O L I O
M S C I W O R L D
I N D E X
Start Balance $10,000 $10,000
End Balance $79,582 $16,824
End Balance (inflation
adjusted)
$59,144 $12,502
CAGR 15.48% 3.67%
CAGR (inflation adjusted) 13.12% 1.56%
Annualized Volatility 13.60% 14.90%
Beta 0.84 1.00
Max. Drawdown -42.24% -55.37%
Sharpe Ratio 1.04 0.23
Sortino Ratio 1.63 0.32
$ = USD

13. 13© The Cedar Portfolio All Rights Reserved.
Backtesting Results from 2016 on Brazil Equities portfolio
- Outperformance relative to MSCI Brazil Index
M E T R I C P O R T F O L I O
M S C I B R A Z I L
I N D E X
Start Balance $10,000 $10,000
End Balance $42,823 $23,704
End Balance (inflation
adjusted)
$39,542 $21,888
CAGR 51.52% 27.97%
CAGR (inflation adjusted) 48.11% 25.08%
Annualized Volatility 37.28% 33.64%
Beta 1.07 1.00
Max. Drawdown -28.88% -31.44%
Sharpe Ratio 1.27 0.86
Sortino Ratio 3.01 1.73
$ = USD

14. 14© The Cedar Portfolio All Rights Reserved.
M E T R I C P O R T F O L I O
M S C I
A S I A E X
J A P A N
Start Balance $10,000 $10,000
End Balance $171,482 $20,000
End Balance (inflation
adjusted)
$127,457 $15,433
CAGR 21.54% 5.14%
CAGR (inflation adjusted) 19.07% 3.02%
Annualized Volatility 16.56% 20.63%
Beta 0.65 1
Max. Drawdown -34.36% -62.83%
Sharpe Ratio 1.19 0.29
Sortino Ratio 2.14 0.41
$ = USD
Backtesting Results from 2005 on EM Asia portfolio
- Outperformance relative to MSCI Asia ex Japan Index

15. 15© The Cedar Portfolio All Rights Reserved.
Assessing Corporate Social Responsibility (CSR) and Environmental,
Social and Governance (ESG) Factors
 We have a dual focus on businesses with both great financial and socially responsible
performance; We see this dual focus as providing mutual synergy:
o Increasing profitability grows the stakeholder pie, enhancing socially
responsible performance to all stakeholders
o Implementing responsible corporate actions and activities with respect to a
strong CSR program and ESG Factors has a positive influence on financial
performance;
 We incorporate the assessment of strong CSR programs and ESG factors into our
investment analysis and decision-making processes;
 We seek disclosure relating to CSR by the businesses we have in our model portfolios.

16. 16© The Cedar Portfolio All Rights Reserved.
More on CSR and ESG Factors
We emphasize businesses with strong CSR programs that address ESG factors towards sustainability and social
development with industry best practices in corporate governance. Here are some of the initiatives, standards
and best practice processes that we assess towards alignment and compliance:

17. 17© The Cedar Portfolio All Rights Reserved.
Management Team- Trade through the eyes of Yra!
• Recognized Trader with 40+ years of track record
• Track record of successful trading through technical and fundamental analysis
• Member of the Board of the Chicago Mercantile Exchange (CME) for 6 years
• Floor Broker and Floor Trader
• Provides regular analysis on the Financial Markets as a guest on
Yra Harris -
Research Strategist

18. 18© The Cedar Portfolio All Rights Reserved.
Management Team – Portfolio, Risk, Policy Expertise
• International leader in management, corporate growth, restructuring,
investment and financings with experience in over 50 countries
• Macro economics and monetary policy specialist
• MBA in Finance
• On the Board of Directors of several entities
Uli Kortsch –
Senior Advisor

19. 19© The Cedar Portfolio All Rights Reserved.
Management Team – Portfolio, Risk, Policy Expertise
• Founder and CEO of The Cedar Portfolio and Cedargold
• Senior management positions with KPMG and Manulife
• Series 65, Professional Risk Manager and Derivatives Market Specialist,
Wealth Management/Capital Markets
• Education/degree from MIT
Richard Bonugli –
CEO, The Cedar Portfolio

20. 20© The Cedar Portfolio All Rights Reserved.
The Cedar Portfolio – Contact Information
28C Stanley Street
Singapore 068737
info@cedarportfolio.com
+65.800.852.6124
131 Bloor Street West, Suite 200
Toronto, Ontario Canada M5S1R8
info@cedarportfolio.com
+1 (416) 786-5507
300 N LaSalle Dr #1890,
Chicago, Illinois USA 60654
info@cedarportfolio.com
+1 (416) 786-5507