Destination Value Total Return Fund is a multi-asset, multi-strategy portfolio built with a specific goal. As an internal expected target we aimed at achieving of 8% ann. in USD terms, gross, with <75% of equity volatility across the cycle (>5 years). The portfolio has a benchmark-free, high conviction approach to security selection anchored in fundamental valuations. Allocating to proprietary strategies rather than asset classes, the portfolio focuses on identifying idiosyncratic opportunities across a global opportunity set of traditional and alternative asset classes.