AS OF 03-31-2022
| Top 10 Holdings (excluding cash) |
| Aimia Inc. (AIM CN) |
25.5% |
| AMA Group Ltd. (AMA AU) |
23.1% |
| Greatview Asceptic (468 HK) |
16.6% |
| Revlon Inc. (REV) |
7.6% |
| Cineplex (CGX CN) |
7.5% |
| International Game Technology PLC (IGT) |
7.4% |
| ABS-CBN Corp. (ABSP PM) |
4.3% |
| NFI Group (NFI CN) |
2.5% |
| Bayer AG (BAYRY) |
2.4% |
| Viatris Inc (VTRS) |
1.7% |
| Portfolio Characteristics |
| Mkt. Cap. (wtd. avg.) |
$2,561 mil. |
| Mkt. Cap. (median) |
$433 mil. |
| EV / EBITDA |
6.1x |
| Price / FCF |
9.8x |
| FCF yield |
10.3% |
| 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.
