Estoca Capital Management is a global investment firm founded in 2003 that seeks to provide above-market returns through thorough research and a worldwide presence. The firm looks for unique backgrounds in prospective employees beyond just financial skills. Estoca analyzes companies through rigorous due diligence including financials, industry experts, and sustainability. The Leaders Fund selects industries with the highest 5-year returns and weights them in the portfolio, providing average excess returns of 0.29% over 30 years with less risk than momentum or low volatility strategies.

1. Market Leaders Strategy

2. Estoca Capital Management was founded in 2003 with the purpose of providing our customers with sound financial
products backed by thorough research, support, communication and dedication. In our 10 years of existence, Estoca’s
offerings have consistently beat the market. With over 200 of the most qualified and dedicated employees in the industry,
we are able to offer strategies across regions and asset classes that fit clients’ necessary risk profile. Our unique
backgrounds from most finance professionals gives us distinct advantages when scouring the globe for investment
opportunities. At the same time, we have established significant relationships in many industries that keep us up-to-date
at all times. In Spain, the Estoca is the sword which ends the spectacle of bullfighting. Estoca Capital Management is
inspired by the Matadors of Spanish Bullfights—we are dedicated to the principles and practices of: patience, pragmatism,
measured risk-taking, and success. There is no place for hubris in our firm—only results.

3. Investment Strategy:
The
Advantage
Estoca Capital’s World-Wide Presence
When establishing our investment teams, we look for more than just financial knowledge and
number-crunchers. We scour the globe for professionals who possess expertise in business
strategy, international relations, fundamental analysis, innovation and much more. Our founders’
unique backgrounds and non-traditional outlooks filter through to the rest of our firm creating a
hard-working, proactive team who have proven their success in the last ten years of investment.
Our portfolio and asset picking process begins with our extensive global presence, and the
investment ideas and opportunities that stem from that scope. We put every equity asset through
rigorous due-diligence and analysis. Having identified assets that fit our particular portfolio goals,
our team scours financials to make sure the firm satisfies our high standards. Next, Estoca can use
our vast network of industry experts to analyze the firm’s current strategy and sustainability of
their business model in this rapidly changing global economy. Having identified the potential for
positive investment, we spend a significant amount of manpower investigating the potential for
loss and the risk profile of the asset.
We at Estoca Capital rely on strong relationships with our investors. We feel that strong, personal
relationships keep us honest and dedicated to delivering the best investment products, advice and
support. We put our reputation and jobs on the line with every investor relationship we make.
Unique Business Backgrounds
Sustainable
Business Model
There are enough financiers in the world looking at the same
traditional assets through the same investment lens.
Our
professionals have a more rounded view on potential investments
Risk-Reward
Analysis
Financials
Analysis
Potential
Investment
Proactive Sourcing
Satisfies
Portfolio
Characteristics
Our teams are full of the hardest working professionals with a strong
focus on sourcing profitable opportunities throughout the globe. We
have developed a network of trusted professional granting us an
important leg up
Unparalleled Support and Communication
At Estoca, we feel that we owe our investors our full attention and
effort. Our investors trust us to continue our successful investing
strategies and we are completely dedicated to building on past
success

4. Leaders Fund Investment Details
Our Leaders Fund takes the 5 industries with the highest returns for the past 5 years and holds them for
a year at a time. Each year, the portfolio is re-calibrated based on what industry had the best return in
the previous five years. The industries with the highest returns will be weighted higher within our
portfolio ranging from 15% to 25%.
The success of the Leaders Portfolio has been consistent over the past 30 years providing an average
alpha of .29% over that period. We believe the winners in our portfolio will consistently beat the market,
as empirical analysis has demonstrated.
This fund is perfect for the investor who is willing to take on slightly more risk than the market indices,
but for significant increases in returns.
With less risk than the 130-30 Momentum Portfolio and a larger range of return-risk combinations
than the Low Vol Portfolio, our research shows that the Leaders Portfolio will on average provide
significantly larger returns with less risk.
Expected Portfolio Returns 2013-2043 with initial Value $10,000
Probability
Leaders
Portfolio
Return
Will
Exceed...
Risk
Free
at
.33%
Monthty
Risk
Free
at
.50%
Monthly
Market
99.27%
97.17%
93.70%
Back testing our leaders portfolio has shown that
there is a 93.7% chance that the portfolio beats
the Market Portfolio and only a 2.83% chance
that it does not exceed a .5% monthly risk-free
rate