AS OF 12-31-2017

Top 10 Holdings (excluding cash)
Revlon Inc. (REV) 14.6%
AMC Entertainment Holdings (AMC) 10.6%
Aimia Inc. (AIM CN) 10.2%
Intralot SA (INLOT GA)    6.4%
International Game Technology PLC (IGT)   5.7%
Clear Media Ltd. (100 HK)   5.6%
Village Roadshow Ltd. (VRL AU)   5.1%
Jardine Strategic (JS SP)   5.0%
KT Corp. (KT)   4.6%
KB Financial Group (KB)   4.5%


Portfolio Characteristics
Mkt. Cap. (wtd. avg.) $7.2 bil.
Mkt. Cap. (median) $976 mil.
EV / EBITDA 6.5x
Price / FCF 9.9x
FCF yield 10.1%


Country Exposure


Note: The top ten holdings and portfolio characteristics shown above are based on a representative account. The representative account is an actual, separately managed portfolio representative of the firm’s investment strategy. The information shown is not intended nor should it be construed to be a recommendation to buy or sell an individual security.