With nearly seven years of track record, our flagship Singularity Fund continues to outperform the market and its peer group average - the Morningstar Global Large Cap Growth category with 190 participants - ending the second quarter of 2025 on a new all-time-high. Our CIO Pierre Guillier elaborates on how our rules-based Applied Innovation strategy performs by selecting companies that generate far more future earnings than the market can fathom - without having to wait 5-10 years.