Quarterly Statistics

DASCX Quarterly Statistics as of June 30, 2017

Portfolio Characteristics
DASCX
R2000V
R2000
Wtd Avg. Mkt. Cap
$2.1B
$1.9B
$2.0B
Median Mkt. Cap
$2.08B
$0.69B
$0.80B
*P/E (excl. negative earnings)
17.6x
17.9x
20.5x
*P/E (projected next 12 months)
17.1x
16.3x
18.1x
Price/Book
2.2x
1.5x
2.3x
Price/Cash Flow
11.7x
9.6x
12.3x
Number of Holdings
67
1,400
2,011
Cash & Equiv.
1.6%
0.0%
0.0%
Non-US
1.2%
0.0%
0.0%
*P/E – a stock’s price compared to its earnings per share (EPS)
Top Ten Holdings
Ticker Name Sector % Total
SWM Schweitzer-Mauduit International Inc Materials 2.4%
DRQ Dril-Quip Inc Energy 2.4%
BXMT Blackstone Mortgage Trust Inc Financials 2.3%
NWE NorthWestern Corp Utilities 2.2%
LPNT LifePoint Health Inc Health Care 2.2%
HTLD Heartland Express Inc Industrials 2.2%
CHFC Chemical Financial Corp Financials 2.1%
MGLN Magellan Health Inc Health Care 2.1%
LTC LTC Properties Inc Real Estate 2.1%
OMI Owens & Minor Inc Health Care 2.1%
% in top 10 22.1%
Sector Weights
DASCX R2000V R2000
Consumer Discretionary 10.3% 10.7% 12.5%
Consumer Staples 5.1% 2.8% 2.7%
Energy 7.8% 5.9% 3.5%
Financials 23.4% 30.7% 18.2%
Health Care 6.4% 5.6% 15.0%
Industrials 18.8% 11.7% 14.6%
Information Technology 11.0% 9.5% 17.0%
Materials 5.9% 4.1% 4.4%
Real Estate 5.8% 11.6% 7.5%
Telecommunication Services 1.3% 0.7% 0.9%
Utilities 4.2% 6.7% 3.7%

Russell 2000 Value “R2000V” measures the performance of those Russell 2000 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 2000 “R2000″ is an unmanaged, capitalization-weighted index of domestic small-cap stocks. It measures the performance of the 2,000 smallest publicly traded U.S. companies in the Russell 3000 Index.