GAM Systematic Portfolio holdings

AUM $696M

1-Year Est. Return 28.39%

2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4

This Quarter Est. Return

1 Year Est. Return

+28.39%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$697M

AUM Growth

+$188M (+37%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

682

New

Increased

Reduced

Closed

Top Buys

1		+$3.91M
2		+$2.87M
3		+$2.25M
4	American Financial Group AFG	+$2.24M
5	InterDigital IDCC	+$2.17M

Top Sells

1		+$1.41M
2		+$1.28M
3		+$1.24M
4	BID Sotheby's BID	+$1.24M
5	Synchrony SYF	+$1.21M

Sector Composition

1	Technology	19.93%
2	Industrials	18.57%
3	Consumer Discretionary	14.07%
4	Healthcare	11.83%
5	Financials	10.84%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
251	251 DuPont de Nemours DD $33.7B	$1.14M	0.16%	8,989 -1,406
252	252 Capital One COF $140B	$1.14M	0.16%	13,793 -826
253	253 Republic Services RSG $68.9B	$1.14M	0.16%	17,882 +4,623
254	CTXS 254 DELISTED Citrix Systems Inc CTXS	$1.13M	0.16%	14,246 +12,620
255	255 CME Group CME $97.3B	$1.13M	0.16%	+9,030
256	256 Cencora COR $64B	$1.12M	0.16%	11,854 -2,059
257	257 Archer Daniels Midland ADM $29.9B	$1.11M	0.16%	26,839 -13,232
258	258 M&T Bank MTB $28.4B	$1.11M	0.16%	+6,861
259	259 Trimble TRMB $19B	$1.1M	0.16%	+30,969
260	260 Euronet Worldwide EEFT $3.35B	$1.1M	0.16%	+12,619
261	261 Masco MAS $14.4B	$1.1M	0.16%	28,865 -17,836
262	262 AT&T T $176B	$1.1M	0.16%	38,690 -14,733
263	263 Clorox CLX $14.3B	$1.09M	0.16%	8,178 +756
264	264 Brinker International EAT $5.62B	$1.07M	0.15%	28,085 +3,374
265	265 NewMarket NEU $7.21B	$1.07M	0.15%	+2,324
266	266 Allstate ALL $51.2B	$1.06M	0.15%	12,031 -8,807
267	267 Home Depot HD $382B	$1.06M	0.15%	6,916 +3,193
268	268 Interpublic Group of Companies IPG $10.2B	$1.06M	0.15%	43,122 +10,924
269	269 J.M. Smucker SJM $11B	$1.06M	0.15%	8,947 +208
270	270 Flex FLEX $23.8B	$1.05M	0.15%	85,686 -55,206
271	271 Bristol-Myers Squibb BMY $89.2B	$1.05M	0.15%	+18,844
272	OKS 272 DELISTED Oneok Partners LP OKS	$1.05M	0.15%	20,509 +11,467
273	273 Principal Financial Group PFG $17.6B	$1.04M	0.15%	16,280 +3,219
274	AABA 274 DELISTED Altaba Inc AABA	$1.04M	0.15%	+19,139
275	275 Lincoln National LNC $7.48B	$1.04M	0.15%	15,398 +4,604