Top 10 Holdings
Updated November 25, 2015
Wintergreen Fund Top Ten Equity* Holdings
|Issuer||% of Total Net Assets|
|Reynolds American Inc.||12.0%|
|British American Tobacco plc||8.9%|
|Consolidated-Tomoka Land Co.||7.9%|
|Compagnie Financiere Richemont SA||7.8%|
|Altria Group Inc.||6.5%|
|Nestlé SA, Registered||6.2%|
|Canadian Natural Resources Ltd.||4.9%|
|Swatch Group AG**||4.9%|
|Franklin Resources Inc.||4.9%|
**Includes Swatch Group AG Bearer and Registered shares. ***Includes Alphabet Inc. Class A and Class C 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.
Short Sale Risk is the risk that the Fund will incur a theoretically unlimited loss if the price of a security sold short increases between the time of the short sale and the time the Fund replaces the borrowed security.