Top 10 Holdings
Updated October 25, 2016
Wintergreen Fund Top Ten Equity* Holdings
|Issuer||% of Total Net Assets|
|Reynolds American Inc.||15.1%|
|British American Tobacco plc||10.5%|
|Consolidated-Tomoka Land Co.||9.9%|
|Altria Group Inc.||7.6%|
|Nestlé SA, Registered||6.6%|
|Compagnie Financiere Richemont SA||4.9%|
|Swatch Group AG***||3.8%|
|Birchcliff Energy Ltd.||3.6%|
|Heineken Holding NV||3.0%|
**Includes Alphabet Inc. Class A and Class C shares. ***Includes Swatch Group AG Bearer and Registered shares. *Equity holdings include Common Stock. Any Short Sales or Options held by the Fund are not included in this list. Holdings are subject to change, may not be representative of current holdings, and are subject to risk.
Sector and Industry Risk. The Fund may invest in any sector or industry. From time to time, as a result of appreciation of certain of the Fund's portfolio securities and/or a change in the size of the Fund, investments in a particular sector or industry may represent a significant portion of the Fund's overall portfolio. To the extent that such an event occurs with respect to a particular sector or industry, and that sector or industry, as applicable, is affected by new laws, rules regulations, litigation, price trends or other factors, the Fund will be subject to greater potential risk than funds that do not have as much exposure to such sector or industry.