| OVERALL PORTFOLIO COMPOSITION (%) | |
| Cash: | 0.20 | | Stocks: | 99.22 | | Bonds: | N/A | | Other: | 0.58 |
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| TOP 10 HOLDINGS ( 8.09% OF TOTAL ASSETS) | |
| Company | Symbol | % Assets | YTD Return % | | DOW CHEMICAL | DOW | 0.94 | N/A | | Karoon Gas Australia Ltd | N/A | 0.89 | N/A | | Sky City Entertainment Group Limited | N/A | 0.89 | N/A | | David Jones Limited | N/A | 0.86 | N/A | | Fisher & Paykel Healthcare Corporation Limited | N/A | 0.84 | N/A | | ABB LTD | ABB | 0.77 | N/A | | CAMPBELL SOUP CO | CPB | 0.77 | N/A | | Challenger Financial Services Group Limited | N/A | 0.73 | N/A | | MOLSON COORS CO CL B | TAP | 0.69 | N/A | | PEPSI BOTTLING GRP | PBG | 0.71 | N/A |
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| Averages | DFRSX | Category Avg | | Price/Earnings | 11.95 | 16.40 | | Price/Book | 1.17 | 2.22 | | Price/Sales | 0.74 | 1.46 | | Price/Cashflow | 6.33 | 8.66 | | Median Market Cap | 536.92M | 12.68B | | 3 Year Earnings Growth | 3.75% | 10.28% |
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| Sector | | DFRSX | Category Avg | | Utilities | | 0.18 | 2.59 | | Business services | | 9.67 | 5.49 | | Financials | | 21.25 | 30.77 | | Telecommunications | | 2.72 | 9.56 | | Media | | 3.84 | 0.92 | | Consumer goods | | 9.94 | 10.34 | | Energy | | 5.07 | 8.61 | | Hardware | | 2.23 | 6.21 | | Health | | 2.74 | 1.95 | | Software | | 3.08 | 2.35 | | Consumer services | | 13.34 | 4.93 | | Industrial materials | | 25.92 | 16.29 |
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| Sector | DFRSX | Category Avg | | US GOVERNMENT | N/A | N/A | | AAA | N/A | N/A | | AA | N/A | N/A | | A | N/A | N/A | | BBB | N/A | N/A | | BB | N/A | N/A | | B | N/A | N/A | | BELOW B | N/A | N/A | | OTHER | N/A | N/A |
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| Averages | DFRSX | Category Avg | |
Maturity
| N/A | N/A | |
Duration
| N/A | N/A | |
Credit Quality
| N/A | N/A |
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