Top 10 Holdings as of 6/30/2018 (%)
| % of Net Assets | |
|---|---|
| Baldwin & Lyons, Inc. - Class B (BWINB) | 4.94 |
| Amdocs Ltd. (DOX) | 3.57 |
| Net 1 UEPS Technologies, Inc. (UEPS) | 2.53 |
| iShares Gold Trust (IAU) | 2.29 |
| Hallmark Financial Services, Inc. (HALL) | 1.68 |
| % of Net Assets | |
|---|---|
| Crawford & Co. - Class A (CRD/A) | 0.91 |
| Donnelley Financial Solutions, Inc. (DFIN) | 0.76 |
| Dundee Corp. - Class A (DC/A CN) | 0.32 |
| EZCORP, Inc., 06/15/2019, 2.125% | 0.17 |
| Syntel, Inc. (SYNT) | 0.13 |
Sector Allocation as of 06/30/18 (%)
| % of Net Assets | |
|---|---|
| Cash Equivalents and Other | 82.7 |
| Financials | 8.8 |
| Information Technology | 6.2 |
| Materials | 2.3 |
| Consumer Discretionary | 0.0 |
| Currency Derivatives | 0.0 |
Portfolio Characteristics as of 06/30/18
Median Market Cap
$0.6B
Portfolio Price/Earnings
13.82X
Portfolio Price/Book
1.48X
Standard Deviation
15.82
Beta
0.57