Top 10 Holdings as of 12/31/2018 (%)
| % of Net Assets | |
|---|---|
| Protective Insurance Corp. - Class B (PTVCB) | 4.09 |
| Amdocs Ltd. (DOX) | 3.27 |
| Net 1 UEPS Technologies, Inc. (UEPS) | 3.03 |
| iShares Gold Trust (IAU) | 2.99 |
| Hallmark Financial Services, Inc. (HALL) | 2.79 |
| % of Net Assets | |
|---|---|
| Skechers U.S.A., Inc. - Class A (SKX) | 2.15 |
| Sykes Enterprises, Inc. (SYKE) | 2.07 |
| Protector Forsikring ASA (PROTCT) | 2.06 |
| Donnelley Financial Solutions, Inc. (DFIN) | 1.53 |
| Crawford & Co. - Class A (CRD/A) | 1.20 |
Sector Allocation as of 12/31/18 (%)
| % of Net Assets | |
|---|---|
| Cash Equivalents and Other | 73.2 |
| Financials | 12.3 |
| Information Technology | 6.3 |
| Materials | 3.0 |
| Consumer Discretionary | 2.1 |
| Industrials | 2.1 |
| Energy | 1.0 |
Portfolio Characteristics as of 12/31/18
Median Market Cap
$0.6B
Portfolio Price/Earnings
17.70X
Portfolio Price/Book
1.52X
Standard Deviation
15.54
Beta
0.43