Conductor Global Equity Value ETF · NYSE:CGV

Conductor Global Equity Value ETF — Investor Presentation (October 2024)

59 slides from Conductor Global Equity Value ETF's investor presentation, Oct 23, 2024

  1. Slide 1: Conductor Global Equity Value ETF Key Slides

    For Professional Use Only Conductor Global Equity Value ETF Key Slides 10-23-2024 www.conductoretfs.com | 615-200-0057

  2. Slide 2: CGV: Valuation/Factor Metrics

    For Professional Use Only CGV: Valuation/Factor Metrics www.conductoretfs.com | 615-200-0057

  3. Slide 3: Conductor Global ETF: Portfolio Factor Exposures

    Conductor Global ETF: Portfolio Factor Exposures 2

  4. Slide 4: CGV Portfolio Valuation Characteristics vs. B’berg World Value Index

    CGV Portfolio Valuation Characteristics vs. B’berg World Value Index Conductor Global ETF Portfolio: Valuation Metrics vs. Bloomberg Value Portfolio and Index Weighted Averages EV/EBITDA P/S P/E P/CF P/B Debt to Common Equity Portfolio 6.35x 0.67x 7.34x 6.91x 1.41x 33.56% Index 8.48x 1.21x 14.00x 9.

  5. Slide 5: Conductor Global ETF: Sector Positioning vs. B’berg World Value

    Conductor Global ETF: Sector Positioning vs. B’berg World Value Conductor Global ETF: Sector Allocation vs. B’berg World Value Portfolio Bberg Value Consumer Disc 16.12% 7.41% Consumer Staples 8.00% 8.96% Energy 7.34% 6.36% Financials/Real Estate 9.10% 35.85% Health Care 13.16% 9.55% Industrials 18.

  6. Slide 6: Conductor Global ETF: Geographic Positioning vs. B’berg World Value

    Conductor Global ETF: Geographic Positioning vs. B’berg World Value Conductor Global ETF: Geographic vs. B’berg World Value Portfolio Bberg Value Canada+Mexico 8.39% 4.56% United States 19.23% 44.14% Asia/Pac 43.88% 22.63% Western Europe 18.82% 24.07% Africa/ME 4.43% 2.21% Eastern Europe 1.94% 0.35%

  7. Slide 7: US Valuation Metrics

    For Professional Use Only US Valuation Metrics www.conductoretfs.com | 615-200-0057

  8. Slide 8: S&P 500 10-Year CAPE P/E

    0 5 10 15 20 25 30 35 40 45 50 1/1/1930 2/1/1932 3/1/1934 4/1/1936 5/1/1938 6/1/1940 7/1/1942 8/1/1944 9/1/1946 10/1/1948 11/1/1950 12/1/1952 1/1/1955 2/1/1957 3/1/1959 4/1/1961 Z-Score: Current Level 1.85 5/1/1963 6/1/1965 7/1/1967 8/1/1969 9/1/1971 S&P 500 10-Year CAPE P/E 10/1/1973 11/1/1975 12/1

  9. Slide 9: S&P 500 Price to Sales Ratio

    0 1 2 3 0.5 1.5 2.5 3.5 4/1/1991 12/1/1991 8/1/1992 4/1/1993 12/1/1993 8/1/1994 4/1/1995 12/1/1995 8/1/1996 4/1/1997 12/1/1997 8/1/1998 4/1/1999 12/1/1999 Z-Score: Current Level 2.49 8/1/2000 4/1/2001 12/1/2001 8/1/2002 4/1/2003 12/1/2003 8/1/2004 4/1/2005 12/1/2005 8/1/2006 S&P 500 Price to Sales R

  10. Slide 10: S&P 500 Price to Book Ratio

    0 1 2 3 4 5 6 5/1/1990 2/1/1991 11/1/1991 8/1/1992 5/1/1993 2/1/1994 11/1/1994 8/1/1995 5/1/1996 2/1/1997 11/1/1997 8/1/1998 5/1/1999 2/1/2000 11/1/2000 8/1/2001 5/1/2002 Z-Score: Current Level 2.47 2/1/2003 11/1/2003 8/1/2004 5/1/2005 2/1/2006 S&P 500 Price to Book Ratio 11/1/2006 8/1/2007 5/1/2008

  11. Slide 11: S&P 500 Q-Ratio

    0.5 1.5 2.5 0 1 2 3 12/1/1961 5/1/1963 10/1/1964 3/1/1966 8/1/1967 1/1/1969 6/1/1970 11/1/1971 4/1/1973 9/1/1974 2/1/1976 7/1/1977 S&P 500 Q-Ratio 12/1/1978 5/1/1980 10/1/1981 3/1/1983 Z-Score: Current Level 2.12 8/1/1984 1/1/1986 6/1/1987 11/1/1988 4/1/1990 9/1/1991 2/1/1993 7/1/1994 12/1/1995 5/1/

  12. Slide 12: EAFE Valuation Metrics

    For Professional Use Only EAFE Valuation Metrics www.conductoretfs.com | 615-200-0057

  13. Slide 13: EAFE CAPE P/E

    10 15 20 25 30 35 40 45 0 5 4/1/1998 11/1/1998 6/1/1999 1/1/2000 8/1/2000 3/1/2001 10/1/2001 5/1/2002 12/1/2002 7/1/2003 2/1/2004 9/1/2004 EAFE CAPE P/E 4/1/2005 11/1/2005 6/1/2006 1/1/2007 Z-Score: Current Level 0.05 8/1/2007 3/1/2008 10/1/2008 5/1/2009 12/1/2009 7/1/2010 2/1/2011 9/1/2011 4/1/2012

  14. Slide 14: EAFE CAPE P/E Relative to S&P 500 CAPE P/E

    1 0.4 0.5 0.6 0.7 0.8 0.9 1.1 1.2 1.3 4/1/1998 11/1/1998 6/1/1999 1/1/2000 8/1/2000 3/1/2001 10/1/2001 5/1/2002 12/1/2002 7/1/2003 2/1/2004 9/1/2004 4/1/2005 11/1/2005 6/1/2006 1/1/2007 8/1/2007 Z-Score: Current Level -1.72 3/1/2008 10/1/2008 5/1/2009 12/1/2009 7/1/2010 2/1/2011 9/1/2011 4/1/2012 11

  15. Slide 15: EAFE Price to Sales Relative to S&P 500

    0.3 0.4 0.5 0.6 0.7 0.8 0.9 2/1/2002 8/1/2002 2/1/2003 8/1/2003 2/1/2004 8/1/2004 2/1/2005 8/1/2005 2/1/2006 8/1/2006 2/1/2007 8/1/2007 2/1/2008 8/1/2008 2/1/2009 8/1/2009 2/1/2010 Z-Score: Current Level -1.45 8/1/2010 2/1/2011 8/1/2011 2/1/2012 8/1/2012 2/1/2013 8/1/2013 2/1/2014 8/1/2014 2/1/2015

  16. Slide 16: EAFE Price to Book Relative to S&P 500

    0.25 0.35 0.45 0.55 0.65 0.75 0.85 0.95 1.05 10/1/1995 5/1/1996 12/1/1996 7/1/1997 2/1/1998 9/1/1998 4/1/1999 11/1/1999 6/1/2000 1/1/2001 8/1/2001 3/1/2002 10/1/2002 5/1/2003 12/1/2003 7/1/2004 2/1/2005 9/1/2005 Z-Score: Current Level -1.87 4/1/2006 11/1/2006 6/1/2007 1/1/2008 8/1/2008 3/1/2009 10/1

  17. Slide 17: EAFE Relative Strength/Performance vs. S&P 500

    0.5 1.5 2.5 3.5 4.5 0 1 2 3 4 5 9/29/1989 9/29/1990 9/29/1991 9/29/1992 9/29/1993 9/29/1994 9/29/1995 9/29/1996 9/29/1997 9/29/1998 9/29/1999 9/29/2000 9/29/2001 Z-Score: Current Level -1.44 9/29/2002 9/29/2003 9/29/2004 9/29/2005 9/29/2006 9/29/2007 9/29/2008 9/29/2009 9/29/2010 Higher Value = EAFE

  18. Slide 18: Emerging Mkt Valuation Metrics

    For Professional Use Only Emerging Mkt Valuation Metrics www.conductoretfs.com | 615-200-0057

  19. Slide 19: MSCI Emerging Market Index CAPE P/E

    10 15 20 25 30 5 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 7/1/2005 1/1/2006 7/1/2006 1/1/2007 7/1/2007 1/1/2008 7/1/2008 1/1/2009 7/1/2009 1/1/2010 7/1/2010 Z-Score: Current Level 1.06 1/1/2011 7/1/2011 1/1/2012 7/1/2012 1/1/2013 7/1/2013 1/1/2014 7/1/2014 1/1/2015 7/1/2015 1/1/2016 7/1/2016 1/1

  20. Slide 20: Emerging Mkt CAPE P/E Relative to S&P 500 CAPE P/E

    0 1 0.2 0.4 0.6 0.8 1.2 1.4 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 7/1/2005 1/1/2006 7/1/2006 1/1/2007 7/1/2007 1/1/2008 7/1/2008 1/1/2009 7/1/2009 1/1/2010 7/1/2010 Z-Score: Current Level -1.08 1/1/2011 7/1/2011 1/1/2012 7/1/2012 1/1/2013 7/1/2013 1/1/2014 7/1/2014 1/1/2015 7/1/2015 1/1/2016

  21. Slide 21: Emerging Mkt Price to Sales Relative to S&P 500

    0 1 0.2 0.4 0.6 0.8 1.2 1.4 1.6 4/1/2006 9/1/2006 2/1/2007 7/1/2007 12/1/2007 5/1/2008 10/1/2008 3/1/2009 8/1/2009 1/1/2010 6/1/2010 11/1/2010 4/1/2011 9/1/2011 2/1/2012 7/1/2012 Z-Score: Current Level -0.98 12/1/2012 5/1/2013 10/1/2013 3/1/2014 8/1/2014 1/1/2015 6/1/2015 11/1/2015 4/1/2016 9/1/2016

  22. Slide 22: Emerging Mkt Price to Book Relative to S&P 500

    0 1 0.2 0.4 0.6 0.8 1.2 1.4 3/1/2000 9/1/2000 3/1/2001 9/1/2001 3/1/2002 9/1/2002 3/1/2003 9/1/2003 3/1/2004 9/1/2004 3/1/2005 9/1/2005 3/1/2006 9/1/2006 3/1/2007 9/1/2007 3/1/2008 9/1/2008 Z-Score: Current Level -1.23 3/1/2009 9/1/2009 3/1/2010 9/1/2010 3/1/2011 9/1/2011 3/1/2012 9/1/2012 3/1/2013

  23. Slide 23: Emerging Mkts TR Relative Strength vs. S&P 500 TR

    Emerging Mkts TR Relative Strength vs. S&P 500 TR Z-Score: Current Level -1.35 MSCI Emerging Market Index TR to S&P 500 TR Rel Strength Higher Value = Em. Mkt. winning. Bands represent +/- 1.5 standard deviation 0.25 0.2 0.15 0.1 0.05 0 Source: Bloomberg; Conductor 22

  24. Slide 24: Factor Valuation: Value vs. Growth

    For Professional Use Only Factor Valuation: Value vs. Growth www.conductoretfs.com | 615-200-0057

  25. Slide 25: Global Value vs. Growth: Relative Normalized P/E

    0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 8/1/2000 2/1/2001 8/1/2001 2/1/2002 8/1/2002 2/1/2003 8/1/2003 2/1/2004 8/1/2004 2/1/2005 8/1/2005 2/1/2006 8/1/2006 2/1/2007 8/1/2007 2/1/2008 8/1/2008 2/1/2009 Z-Score: Current Level -1.57 8/1/2009 2/1/2010 8/1/2010 2/1/2011 8/1/2011 2/1/2012 8/1/2012 2/1/2013 8/1

  26. Slide 26: Global Value vs. Growth: Relative Price to Sales

    0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 5/1/2002 11/1/2002 5/1/2003 11/1/2003 5/1/2004 11/1/2004 5/1/2005 11/1/2005 5/1/2006 11/1/2006 5/1/2007 11/1/2007 5/1/2008 11/1/2008 5/1/2009 11/1/2009 5/1/2010 Z-Score: Current Level -1.83 11/1/2010 5/1/2011 11/1/2011 5/1/2012 11/1/2012 5/1/2013 11/1/2013 5/1/2014 11

  27. Slide 27: Global Value vs. Growth: Relative Price to Book

    0.15 0.25 0.35 0.45 0.55 0.65 0.75 12/1/2002 6/1/2003 12/1/2003 6/1/2004 12/1/2004 6/1/2005 12/1/2005 6/1/2006 12/1/2006 6/1/2007 12/1/2007 6/1/2008 12/1/2008 6/1/2009 12/1/2009 6/1/2010 Z-Score: Current Level -1.48 12/1/2010 6/1/2011 12/1/2011 6/1/2012 12/1/2012 6/1/2013 12/1/2013 6/1/2014 12/1/201

  28. Slide 28: ACWI Value Relative Strength vs. Overall ACWI

    ACWI Value Relative Strength vs. Overall ACWI Z-Score: Current Level -1.98 MSCI ACWI VALUE TR Index to MSCI ACWI TR Ratio Higher Value = Value Winning. Bands represent +/- 1.5 standard deviation 0.48 0.46 0.44 0.42 0.4 0.38 0.36 0.34 0.32 0.3 Source: Bloomberg; Conductor 27

  29. Slide 29: ACWI SMID Value TR Relative Strength vs. Overall ACWI TR

    ACWI SMID Value TR Relative Strength vs. Overall ACWI TR Z-Score: Current Level -1.92 MSCI ACWI SMID Value TR Index to MSCI ACWI TR Ratio Higher Value = SMID Value Winning. Bands represent +/- 1.5 standard deviation 2 1.9 1.8 1.7 1.6 1.5 1.4 1.3 1.2 Source: Bloomberg; Conductor 28

  30. Slide 30: ACWI Enhanced Value TR Rel Strength vs. Overall ACWI TR

    ACWI Enhanced Value TR Rel Strength vs. Overall ACWI TR Z-Score: Current Level -1.26 MSCI ACWI ENHANCED VALUE TR Index to MSCI ACWI TR Ratio Higher Value = Value Winning. Bands represent +/- 1.5 standard deviation 9.3 8.3 7.3 6.3 5.3 4.3 3.3 2.3 1.3 0.3 Source: Bloomberg; Conductor 29

  31. Slide 31: Factor Valuation: Small Cap vs. Large Cap

    For Professional Use Only Factor Valuation: Small Cap vs. Large Cap www.conductoretfs.com | 615-200-0057

  32. Slide 32: Global Small Cap vs. Overall: Relative Normalized P/E

    1 0.4 0.5 0.6 0.7 0.8 0.9 1.1 1.2 1.3 1.4 4/1/2001 10/1/2001 4/1/2002 10/1/2002 4/1/2003 10/1/2003 4/1/2004 10/1/2004 4/1/2005 10/1/2005 4/1/2006 10/1/2006 4/1/2007 10/1/2007 4/1/2008 10/1/2008 4/1/2009 Z-Score: Current Level -2.14 10/1/2009 4/1/2010 10/1/2010 4/1/2011 10/1/2011 4/1/2012 10/1/2012 4

  33. Slide 33: Global Small Cap vs. Overall: Relative Price to Sales

    0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 5/1/2001 11/1/2001 5/1/2002 11/1/2002 5/1/2003 11/1/2003 5/1/2004 11/1/2004 5/1/2005 11/1/2005 5/1/2006 11/1/2006 5/1/2007 11/1/2007 5/1/2008 11/1/2008 5/1/2009 Z-Score: Current Level -1.62 11/1/2009 5/1/2010 11/1/2010 5/1/2011 11/1/2011 5/1/2012 11/1/2012 5/1/201

  34. Slide 34: Global Small Cap vs. Overall: Relative Price to Book

    0 1 0.2 0.4 0.6 0.8 1.2 7/1/1999 1/1/2000 7/1/2000 1/1/2001 7/1/2001 1/1/2002 7/1/2002 1/1/2003 7/1/2003 1/1/2004 7/1/2004 1/1/2005 7/1/2005 1/1/2006 7/1/2006 1/1/2007 7/1/2007 1/1/2008 7/1/2008 Z-Score: Current Level -1.53 1/1/2009 7/1/2009 1/1/2010 7/1/2010 1/1/2011 7/1/2011 1/1/2012 7/1/2012 1/1/

  35. Slide 35: Global SMID Cap TR Rel Strength vs. Overall ACWI TR

    Global SMID Cap TR Rel Strength vs. Overall ACWI TR MSCI ACWI SMID TR Index to MSCI ACWI TR Ratio Higher Value = SMID Winning. Bands represent +/- 1.5 standard deviation 2 1.8 1.6 1.4 1.2 1 0.8 Source: Bloomberg; Conductor 34

  36. Slide 36: Global Sector: Relative Valuation

    For Professional Use Only Global Sector: Relative Valuation www.conductoretfs.com | 615-200-0057

  37. Slide 37: Sector: Consumer Disc TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2.000 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: -0.63 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017 6/1/2017 1

  38. Slide 38: Sector: Consumer Staples TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.500 -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2.000 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: -2.03 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017 6/1

  39. Slide 39: Sector: Materials TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.000 -1.000 0.000 1.000 2.000 3.000 4.000 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: -1.06 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017 6/1/2017 10/1/2017 2/1/2

  40. Slide 40: Sector: Information Tech TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: 2.11 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017

  41. Slide 41: Sector: Health Care TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2.000 2.500 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: -1.74 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017 6/1/

  42. Slide 42: Sector: Financials TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.500 -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2.000 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: -0.62 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017 6/1

  43. Slide 43: Sector: Energy TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.500 -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2.000 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: -0.92 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017 6/1

  44. Slide 44: Sector: Industrials TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: 0.35 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017 6/1/2017 10/1/201

  45. Slide 45: Sector: Utilities TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.500 -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: -0.51 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016

  46. Slide 46: Sector: Comm Services TR Valuation Composite Z-Score vs. Overall ACWI TR

    -2.000 -1.500 -1.000 -0.500 0.000 0.500 1.000 1.500 2.000 2/1/2010 6/1/2010 10/1/2010 2/1/2011 6/1/2011 10/1/2011 2/1/2012 6/1/2012 Current Avg Z-Score: 0.80 10/1/2012 2/1/2013 6/1/2013 10/1/2013 2/1/2014 6/1/2014 10/1/2014 2/1/2015 6/1/2015 10/1/2015 2/1/2016 6/1/2016 10/1/2016 2/1/2017 6/1/2017 10

  47. Slide 47: Global Sector: Relative Strength

    For Professional Use Only Global Sector: Relative Strength www.conductoretfs.com | 615-200-0057

  48. Slide 48: Sector: Consumer Disc TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Consumer Disc TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: 0.25 World Cons Disc Relative Total Return vs. ACWI 1.4 1.3 1.2 1.1 1 0.9 0.8 0.7 0.6 Source: Bloomberg; Conductor 47

  49. Slide 49: Sector: Consumer Staples TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Consumer Staples TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: -0.71 World Cons Staples Relative Total Return vs. ACWI 2.2 2 1.8 1.6 1.4 1.2 1 0.8 0.6 0.4 Source: Bloomberg; Conductor 48

  50. Slide 50: Sector: Materials TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Materials TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: -0.97 World Materials Relative Total Return vs. ACWI 1.5 1.3 1.1 0.9 0.7 0.5 0.3 Source: Bloomberg; Conductor 49

  51. Slide 51: Sector: Information Tech TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Information Tech TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: 2.62 World IT Relative Total Return vs. ACWI 3.4 2.9 2.4 1.9 1.4 0.9 0.4 Source: Bloomberg; Conductor 50

  52. Slide 52: Sector: Health Care TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Health Care TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: 0.25 World Health Care Relative Total Return vs. ACWI 3 2.5 2 1.5 1 0.5 Source: Bloomberg; Conductor 51

  53. Slide 53: Sector: Financials TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Financials TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: -1.11 World Financials Relative Total Return vs. ACWI 1.3 1.2 1.1 1 0.9 0.8 0.7 0.6 0.5 0.4 Source: Bloomberg; Conductor 52

  54. Slide 54: Sector: Energy TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Energy TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: -1.00 World Energy Relative Total Return vs. ACWI 3.03 2.53 2.03 1.53 1.03 0.53 0.03 Source: Bloomberg; Conductor 53

  55. Slide 55: Sector: Industrials TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Industrials TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: -0.14 World Industrials Relative Total Return vs. ACWI 1.05 1 0.95 0.9 0.85 0.8 0.75 0.7 0.65 0.6 Source: Bloomberg; Conductor 54

  56. Slide 56: Sector: Utilities TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Utilities TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: -1.29 World Utilities Relative Total Return vs. ACWI 1.7 1.5 1.3 1.1 0.9 0.7 0.5 Source: Bloomberg; Conductor 55

  57. Slide 57: Sector: Communication Svcs TR Valuation Relative Strength vs. Overall ACWI TR

    Sector: Communication Svcs TR Valuation Relative Strength vs. Overall ACWI TR Current Z-Score: -0.91 World Communication Services Relative Total Return vs. ACWI 1.85 1.65 1.45 1.25 1.05 0.85 0.65 0.45 0.25 Source: Bloomberg; Conductor 56

  58. Slide 58: Disclosures

    Disclosures The Adviser from time to time employs various hedging techniques. The success of the Fund’s hedging strategy will be subject to the Adviser’s ability to correctly assess the degree of correlation between the performance of the instruments used in the hedging strategy and the performance

  59. Slide 59: Disclosures

    Disclosures Performance of the Conductor private accounts does not represent that past or future performance of the Conductor Global Fund and should not be considered indicative of future performance of any strategy account or the Fund. There is no assurance that any investment strategy will achieve

Conductor Global Equity Value ETF — Investor Presentation (October 2024) on 6ix