Resources & Investment Updates From Komara Capital Partners

As the election season unfolds, markets can become a reflection of a broader, collective sentiment — sometimes swayed by predictions, fears, and assumptions about the future. In times like these, emotional investing is seemingly at an all-time high, with many investors feeling the pull to respond to headlines and perceived market shifts. But while the news cycle may push for reaction, our approach remains the same: disciplined, systematic trend following.

In investing, staying the course requires a willingness to let markets tell us where the real opportunities are, even when external forces attempt to predict or sway. At Komara Capital Partners, we aim to bypass the noise by anchoring our decisions to repeatable and reliable systems rather than attempting to read the political or economic tea leaves. It’s a steady-handed strategy, and while it may not grab headlines, we believe it’s the surest way to deliver long-term, repeatable results.

Does this mean we’ll always be well-positioned for whatever happens in upcoming elections? That’s unknowable until after the fact. However, we take confidence in the principle that price often predicts news. In other words, should a downside surprise in markets occur as a response to election results or any other event, systematic investing strategies that use a trend-following approach will provide predetermined exits aimed at limiting downside risk so clients can survive another day.

Alongside the election, the unprecedented rise in NVIDIA’s market cap has been the talk of the town. Therefore, in this Investment Update, we discuss:

• The potential risks of market concentration
• Why a disciplined trend-following approach has kept us positioned in NVIDIA through market shifts
• How staying committed to trends, even during periods of uncertainty, supports both growth and risk management
• Why a consistent systematic approach can provide investors with a reliable framework regardless of market or political cycles

But first, here’s a summary of the global asset classes utilized in our portfolios and their exposures for November.

In investing, the principle of non-correlation presents both opportunities and challenges.

While our portfolios may not look drastically different from traditional approaches today, there will likely come a time when they do. Non-correlation means holding investments that don’t always move in sync with the broader market. While this can feel uncomfortable, we think it’s crucial for managing risk, reducing volatility, and enhancing long-term growth potential.

This concept and willingness to look different is key. It’s like carrying an umbrella on a cloudy day, when no one else does — it may seem unnecessary at the time, but when the market storms inevitably come, you’re better prepared. Holding non-correlated assets can feel counterintuitive when traditional investments are performing well, but these same assets often provide the stability needed when market conditions shift. While looking different may be tough in the moment, it’s often the foundation for achieving a more resilient, long-term outcome.

In this month’s Investment Update, we discuss:

• The advantages we see in trend following during unpredictable markets
• How trend following steers us away from the pitfalls of market predictions
• Why a disciplined, systematic approach may reduce risk while helping keep the focus on long-term growth

But first, here’s a summary of the global asset classes utilized in our portfolios and their exposures for October.