RSQ International Equity Fund
Composition & Holdings1

All data as of 12/31/2017

Top Ten Holdings*
Weight Sector

Tencent Holdings Inc.

1.38% Information Tech.

Mondi PLC

1.31% Materials

HSBC Holdings PLC

1.25% Financials

Gerberit AG – Reg

1.21% Industrials

Nestle SA – Reg

1.16% Consumer Staples

Korea Investment Holdings Co.

1.11% Financials

Dufry AG – Reg

1.08% Cons. Discretionary

British American Tobacco PLC

1.06% Consumer Staples

Roche Holding AG

1.04% Health Care

Banco Bradesco SA – Pref

1.03% Financials
Total
11.63%
Regional Allocations
RSQ
International Equity
MSCI ACWI
Ex-US NR Index
Overweight/
Underweight

Africa/Middle East

3.39% 2.37% 1.02%

Asia

3.46% 3.48% -0.02%

Canada

4.60% 6.50% -1.90%

Emerging Asia

27.52% 17.94% 9.58%

Emerging Europe

3.13% 1.59% 1.54%

Europe

34.43% 43.71% -9.28%

Japan

12.53% 16.50% -3.97%

Latin America

3.93% 2.94% 0.99%

Pacific

6.28% 4.84% 1.44%

United States

0.98% 0.13% 0.85%

Cash

-0.23% 0.00% -0.23%

Total

100.0% 100.0%
Sector Allocations
RSQ
International Equity
MSCI ACWI
Ex-US NR Index
Overweight/
Underweight

Energy

7.56% 6.74% 0.82%

Materials

8.16% 8.15% 0.01%

Industrials

11.89% 11.87% 0.02%

Consumer Disc.

11.64% 11.30% 0.34%

Consumer Staples

10.72% 9.57% 1.15%

Health Care

7.79% 7.63% 0.16%

Financials

22.01% 23.14% -1.13%

Information Tech.

12.05% 11.48% 0.57%

Telecom. Services

3.14% 4.03% -0.89%

Utilities

2.84% 2.90% -0.06%

Real Estate

1.98% 3.19% -1.21%

ETF

0.45% 0.00% 0.45%

Cash

-0.23% 0.00% -0.23%

Total

100% 100%
Market Capitalization
RSQ
International Equity
MSCI ACWI
Ex-US NR Index
Overweight/
Underweight

Large Cap

78.54% 96.40% -17.86%

Mid Cap

16.81% 3.45% 13.36%

Small Cap

4.88% 0.15% 4.73%

Micro Cap

0.00% 0.00% 0.00%

Cash

-0.23% 0.00% -0.23%

Total

100.0% 100.0%

1 Subject to change.

*Holdings are subject to change.