Quarterly Statistics

DASCX Quarterly Statistics as of March 31, 2017

Portfolio Characteristics
DASCX
R2000V
R2000
Wtd Avg. Mkt. Cap
$1.9B
$2.1B
$2.3B
Median Mkt. Cap
$1.9B
$0.7B
$0.8B
*P/E (excl. negative earnings)
18.1x
19.9x
22.2x
*P/E (projected next 12 months)
17.0x
17.5x
18.7x
Price/Book
2.4x
1.6x
2.3x
Price/Cash Flow
10.8x
11.3x
13.8x
Number of Holdings
59
1,353
1,947
Cash & Equiv.
4.9%
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
BXMT Blackstone Mortgage Trust Inc Financials 2.8%
SWM Schweitzer-Mauduit International Inc Materials 2.8%
MUSA Murphy USA Inc Consumer Discretionary 2.7%
CVG Convergys Corp Information Technology 2.6%
LXP Lexington Realty Trust Real Estate 2.5%
NSA National Storage Affiliates Trust Real Estate 2.5%
KNL Knoll Inc Industrials 2.4%
LTC LTC Properties Inc Real Estate 2.4%
MGLN Magellan Health Inc Health Care 2.4%
SAFM Sanderson Farms Inc Consumer Staples 2.3%
% in top 10 25.4%
Sector Weights
DASCX R2000V R2000
Consumer Discretionary 13.0% 9.8% 12.2%
Consumer Staples 11.3% 2.8% 2.9%
Energy 3.1% 5.4% 3.4%
Financials 19.2% 32.3% 19.3%
Health Care 9.5% 4.7% 13.0%
Industrials 11.3% 12.9% 14.3%
Information Technology 8.4% 10.3% 17.5%
Materials 4.5% 4.9% 5.2%
Real Estate 8.7% 10.0% 7.8%
Telecommunication Services 1.4% 0.6% 0.7%
Utilities 9.6% 6.3% 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.