AS OF 03-31-2019
| Top 10 Holdings (excluding cash) | |
| Aimia Inc. (AIM CN) | 21.1% |
| Clear Media Ltd. (100 HK) | 13.4% |
| Revlon Inc. (REV) | 11.6% |
| AMC Entertainment Holdings (AMC) | 9.4% |
| Jardine Strategic (JS SP) | 5.4% |
| Village Roadshow Ltd. (VRL AU) | 4.8% |
| KT Corp. (KT) | 4.5% |
| Intralot SA (INLOT GA) | 3.4% |
| International Game Technology PLC (IGT) | 3.2% |
| ABS-CBN Corp. (ABSP PM) | 2.8% |
| Portfolio Characteristics | |
| Mkt. Cap. (wtd. avg.) | $4.4 bil. |
| Mkt. Cap. (median) | $816 mil. |
| EV / EBITDA | 6.1x |
| Price / FCF | 10.2x |
| FCF yield | 9.8% |
| 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.