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SUPERVALU Inc SVU Consumer Defensive 182 -10.71 -11.76 -15.03 Food & Beverage Sanderson Farms Inc SAFM Consumer Defensive 166.43 -3.64 8.53 12.75 Food & Beverage Seneca Foods Corp Class A SENEA Consumer Defensive 19.53 0.87 11.03 4.54 Restaurant Shake Shack Inc SHAK Consumer Cyclical -2.93 Dist & Groc. Smart & Final Stores Inc SFS Consumer Defensive 6.38 Food & Beverage Snyder’s-Lance Inc LNCE Consumer Defensive 75.69 -0.31 13.73 8.94 Restaurant Sonic Corp SONC Consumer Cyclical 39.31 -3.58 11.89 1.54 Dist & Groc. SpartanNash Co SPTN Consumer Defensive 25.84 -2.18 20.96 6 Dist & Groc. Sprouts Farmers Market Inc SFM Consumer Defensive 66.94 0.95 -18.71 Restaurant Starbucks Corp SBUX Consumer Cyclical 153.4 5.26 17.31 13.51 Restaurant Texas Roadhouse Inc TXRH Consumer Cyclical 80.72 -4.77 24.41 13.69 Restaurant The Habit Restaurants Inc A HABT Consumer Cyclical -17.68 Food & Beverage The Hain Celestial Group Inc HAIN Consumer Defensive 135.53 5.02 -4.46 10.82 Food & Beverage The Hershey Co HSY Consumer Defensive 831.06 2.99 4.88 9.23 Food & Beverage The Kraft Heinz Co KHC Consumer Defensive 2,772.00 1.57 Dist & Groc. The Kroger Co KR Consumer Defensive 1,519.00 -3.25 24.22 11.46 Agribusiness The Mosaic Co MOS Basic Materials 1,888.70 14.05 -6.9 6.56 Restaurant The One Group Hospitality Inc STKS Consumer Cyclical -21.47 -18.92 -33.08 Restaurant The Wendy’s Co Class A WEN Consumer Cyclical 89.66 1.85 16.87 -2.89 Food & Beverage Tootsie Roll Industries Inc TR Consumer Defensive 61.36 -2.77 11.87 5.85 Equip. & Supply Tractor Supply Co TSCO Consumer Cyclical 333.04 -0.86 3.34 20.37 Food & Beverage Tyson Foods Inc Class A TSN Consumer Defensive 977 1.1 22.42 14.81 Food & Beverage Unilever NV ADR UN Consumer Defensive 5,207.57 2.56 5.59 7.37 Food & Beverage Unilever PLC ADR UL Consumer Defensive 5,207.57 4.08 4.76 7.03 Dist & Groc. United Natural Foods Inc UNFI Consumer Defensive 119.41 -0.8 -11.95 3.35 Dist & Groc. Village Super Market Inc Class A VLGEA Consumer Defensive 6.81 -1.81 4.71 7.23 Dist & Groc. Wal-Mart Stores Inc WMT Consumer Defensive 16,022.00 -2.49 -0.51 5.41 Dist & Groc. Weis Markets Inc WMK Consumer Defensive 66.36 -11.7 7.83 5.45 Dist & Groc. Whole Foods Market Inc WFM Consumer Defensive 563 -0.52 -14.71 4.63 Restaurant Wingstop Inc WING Consumer Cyclical -4.09 Restaurant Yum Brands Inc YUM Consumer Cyclical 1,153.00 3.63 11.71 13.2 Restaurant Zoe’s Kitchen Inc ZOES Consumer Cyclical -3.72 -10.46 DATA SOURCE: MORNINGSTAR – AS OF JANUARY 22, 2017 Disclaimer: Nothing on The Solari Report should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor or advisors and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy. Segment Stock Name Ticker Stock Sector Net % Total % Total % Total Income Return Return Return $MM YTD 3-year 10-year Agribusiness Adecoagro SA AGRO Consumer Defensive -25.83 10.4 16.6 Agribusiness Agrium Inc AGU Basic Materials 923 9.67 10.46 13.92 Agribusiness Alico Inc ALCO Consumer Defensive 19.2 -2.03 -11.62 -5 Food & Beverage Ambev SA ADR ABEV Consumer Defensive 3,360.01 11.02 -3.4 14.24 Farmland REITS American Farmland Co AFCO Real Estate 0 Food & Beverage Andersons Inc ANDE Consumer Defensive 89.94 -16.33 -10.65 4.5 Food & Beverage Anheuser-Busch InBev SA/NV ADR BUD Consumer Defensive 14,776.00 0.68 6.18 Food & Beverage Archer-Daniels Midland Co ADM Consumer Defensive 1,340.00 -2.17 6.6 4.98 Restaurant Arcos Dorados Holdings Inc ARCO Consumer Cyclical 39.83 4.63 -13.95 Restaurant Ark Restaurants Corp ARKR Consumer Cyclical 4.38 -4.87 6.47 0.98 Food & Beverage Artisanal Brands Inc AHFP Consumer Defensive -3.12 -1 -57.61 -22.4 Food & Beverage B&G Foods Inc BGS Consumer Defensive 50.49 2.51 14.03 Restaurant BJ’s Restaurants Inc BJRI Consumer Cyclical 17.41 -8.65 7.08 5.51 Food & Beverage BRF SA ADR BRFS Consumer Defensive 321.91 0.34 -3.64 10.08 Restaurant Biglari Holdings Inc BH Consumer Cyclical 152.2 -0.46 0.35 3.65 Restaurant Bloomin Brands Inc BLMN Consumer Cyclical 198.88 -5.44 -9.06 Restaurant Bob Evans Farms Inc BOBE Consumer Cyclical 46.08 -9.89 3.13 5.34 Restaurant Bojangles Inc BOJA Consumer Cyclical 6.43 Food & Beverage Boston Beer Co Inc Class A SAM Consumer Defensive 71.8 -7.59 -9.86 16.12 Restaurant Bravo Brio Restaurant Group Inc BBRG Consumer Cyclical 7 7.89 -35.94 Restaurant Brinker International Inc EAT Consumer Cyclical 171.59 -4.78 0.75 5.54 Food & Beverage Brown-Forman Corp Class B BF.B Consumer Defensive 639 2.09 7.12 11.78 Restaurant Buffalo Wild Wings Inc BWLD Consumer Cyclical 83.49 0.23 4.54 18.16 Food & Beverage Cal-Maine Foods Inc CALM Consumer Defensive 73.88 -1.75 22.56 24.06 Food & Beverage Calavo Growers Inc CVGW Consumer Defensive 18.62 -7.33 25.55 19.42 Food & Beverage Campbell Soup Co CPB Consumer Defensive 520 5.26 16.65 6.84 Restaurant Carrols Restaurant Group Inc TAST Consumer Cyclical -15.75 -2.62 33.3 5.47 Dist & Groc. Cencosud SA ADR CNCO Consumer Cyclical 382.4 3.1 2.78 4.32 Restaurant Chanticleer Holdings Inc HOTR Consumer Cyclical -5.21 -17.86 -56.04 -29.26 Restaurant Cheesecake Factory Inc CAKE Consumer Cyclical 111.58 0.07 11.6 8.8 Restaurant Chipotle Mexican Grill Inc Class A CMG Consumer Cyclical 333.92 10.75 -5.33 21.83 Restaurant Chuy’s Holdings Inc CHUY Consumer Cyclical 11.06 -10.48 -9.06 Food & Beverage Coca-Cola Co KO Consumer Defensive 8,452.00 1.06 5.68 8.02 Food & Beverage Coca-Cola European Partners PLC CCE Consumer Defensive 775.44 10.03 6.2 12.09