Hi,

Please find attached the latest Research Report. The key sheet to read is the first one viz "portfolio_attribution". A Report Guide that explains the methodology in detail is being prepared and will be sent out as soon as it is ready. This is initial version so it will have bugs. I would focus more on the philosophy and methodology right now. Also, if we speak with X people they will have X^X different views on what constitutes a research report, this report contains my views, which could be wrong.

Signal: alpha
Period: 20240920 → 20240926

The attached workbook contains:

• Portfolio Attribution
• Country Attribution
• Decile Attribution
• Universe Statistics
• Other Supporting data

Regards,
GQR Research Team