Our selected portfolio holdings as of September 1, 2017

SKT

A pure-play factory outlet owner and operator

VER

A net-lease real estate company recovering from an accounting scandal

LTM

A South American airline holding company

TWNK

A bakery company that produces snack cakes

BAC

A multinational banking and financial services corporation

CAT

One of the world’s largest manufacturer of construction and mining equipment

INO

A clinical-stage small-cap pharmaceutical company

BURL

An American national off-price department store retailer

DIS

An American diversified multinational mass media and entertainment conglomerate

ATVI

An American video game developer

NCLH

A Bermudian cruise ship operator

SHPG

An Irish-headquartered global specialty biopharmaceutical company