Invests in large- and mega-cap technology companies across AI infrastructure, semiconductors, semiconductor equipment, cloud platforms, networking, data infrastructure, and enterprise software. Holdings are selected for market leadership, scale advantages, diversified business models, strong balance sheets, and their ability to support digitalization and AI adoption across the global economy. The portfolio focuses on disciplined capital allocation, high R&D intensity, resilient margins, pricing power, and shareholder return policies that support long-term compounding through market cycles. Key risks, including valuation pressure, regulation, competitive disruption, and supply chain cyclicality, are partly offset by financial strength, technological relevance, product breadth, and exposure to multiple layers of the AI and software stack.
Updated 2026-03-20