RSQ International Equity Fund
Composition & Holdings1

All data as of 09/30/2017

Top Ten Holdings*
Weight Sector

Royal Dutch Shell PLC

1.39% Energy

HSBC Holdings PLC

1.22% Financials

Tencent Holdings Inc.

1.17% Information Tech.

Nestle SA

1.16% Consumer Staples

Roche Holding AG

1.05% Health Care

Open Text Corp

1.02% Information Tech.

British American Tobacco PLC

1.00% Consumer Staples

Novartis AG

0.91% Health Care

Samsung Electronics Co Ltd

0.84% Information Tech.

Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR

0.81% Information Tech.
Total
10.56%
Regional Allocations
RSQ
International Equity
MSCI ACWI
Ex-US NR Index
Overweight/
Underweight

Africa/Middle East

4.88% 2.13% 2.75%

Asia

2.42% 3.27% -0.85%

Canada

6.58% 6.63% -0.05%

Emerging Asia

19.43% 17.23% 2.20%

Emerging Europe

1.75% 1.51% 0.24%

Europe

35.56% 45.19% -9.63%

Japan

13.61% 15.93% -2.32%

Latin America

6.85% 3.16% 3.69%

Pacific

5.58% 4.81% 0.77%

United States

0.00% 0.14% -0.14%

Cash

3.34% 0.00% 3.34%

Total

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

Energy

6.73% 6.64% 0.09%

Materials

7.40% 7.85% -0.45%

Industrials

11.69% 11.79% -0.10%

Consumer Disc.

10.80% 11.28% -0.48%

Consumer Staples

9.50% 9.59% -0.09%

Health Care

6.81% 7.89% -1.08%

Financials

22.27% 23.29% -1.02%

Information Tech.

11.90% 11.20% 0.70%

Telecom. Services

3.94% 4.20% -0.26%

Utilities

3.02% 3.08% -0.06%

Real Estate

1.44% 3.19% -1.75%

ETF

1.16% 0.00% 1.16%

Cash

3.34% 0.00% 3.34%

Total

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

Large Cap

77.09% 95.03% -17.94%

Mid Cap

17.73% 4.67% 13.06%

Small Cap

1.84% 0.31% 1.53%

Micro Cap

0.00% 0.00% 0.00%

Cash

3.34% 0.00% 3.34%

Total

100.0% 100.0%

1 Subject to change.

*Holdings are subject to change.