Quarterly Statistics

DALCX Quarterly Statistics as of December 31, 2017

Portfolio Characteristics
DALCX
Russell Midcap Value
Russell Midcap
Wtd Avg. Mkt. Cap
$12.9B
$14.3B
$14.8B
Median Mkt. Cap
$10.04B
$7.55B
$7.83B
*P/E (excl. negative earnings)
21.0x
19.9x
22.4x
*P/E (projected next 12 months)
18.8x
17.3x
18.9x
Price/Book
3.2x
2.0x
2.8x
Price/Cash Flow
14.3x
10.1x
12.4x
Number of Holdings
60
584
780
Cash & Equiv.
3.1%
0.0%
0.0%
Non-US
6.5%
0.0%
0.0%
*P/E – a stock’s price compared to its earnings per share (EPS)
Top Ten Holdings
Ticker Name Sector % Total
ELS Equity LifeStyle Properties Inc Real Estate 2.3%
XEL Xcel Energy Inc Utilities 2.1%
TSN Tyson Foods Inc Consumer Staples 2.1%
GIL Gildan Activewear Inc Consumer Discretionary 2.0%
SNPS Synopsys Inc Information Technology 2.0%
INGR Ingredion Inc Consumer Staples 1.9%
IVZ Invesco Ltd Financials 1.9%
WRI Weingarten Realty Investors Real Estate 1.9%
ALL The Allstate Corp Financials 1.9%
CXO Concho Resources Inc Energy 1.9%
% in top 10 19.9%
Sector Weights
DALCX
Russell Midcap Value
Russell Midcap
Consumer Discretionary
14.6%
12.0%
14.5%
Consumer Staples
7.3%
4.0%
4.0%
Energy
6.6%
8.3%
5.9%
Financials
18.4%
20.3%
14.4%
Health Care
3.9%
6.5%
9.5%
Industrials
16.4%
12.2%
14.4%
Information Technology
8.1%
6.1%
15.8%
Materials
9.7%
5.6%
6.1%
Real Estate
7.5%
14.2%
9.3%
Telecommunication Services
0.0%
0.5%
0.4%
Utilities
7.5%
10.3%
5.7%

Russell Midcap Value measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values. The performance of the index does not reflect deductions for fees, expenses or taxes. Index is not available for purchase.

The Russell Midcap is an unmanaged, capitalization-weighted index of domestic mid-cap stocks. It is a subset of the Russell 1000 Index and includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership.