Regional Exposure
% of Portfolio 12/31/18| Evermore Global Value Institutional | MSCI ACWI Ex USA NR USD | US Fund World Small/Mid Stock | |
|---|---|---|---|
| Africe/ME | 0.00 | 2.40 | 0.30 |
| Austral/Asia | 0.00 | 4.70 | 1.20 |
| Greater Asia | 8.70 | 43.90 | 16.20 |
| Greater Europe | 68.50 | 45.60 | 30.00 |
| Latin America | 2.40 | 2.80 | 0.50 |
| North America | 20.40 | 7.80 | 53.40 |
Source: Morningstar Direct
Sector Exposure
% of Portfolio 12/31/18| Industrials | 30.2 |
|---|---|
| Consumer Discretionary | 12.2 |
| Financials | 11.7 |
| Materials | 9.5 |
| Telecommunications Services | 8.2 |
| Information Technology | 8.1 |
| Consumer Staples | 7.6 |
| Energy | 7.1 |
| Healthcare | 5.5 |
| Real Estate | 0.00 |
| Utilities | 0.00 |
Source: Morningstar Direct
Market Cap Comparisons
% of Portfolio 12/31/18| Evermore Global Value Institutional | MMSCI ACWI Ex USA NR USD | US Fund World Small/Mid Stock | |
|---|---|---|---|
| Micro | 17.30 | 0.10 | 3.70 |
| Small | 41.50 | 0.30 | 27.90 |
| Mid | 14.70 | 12.40 | 46.70 |
| Large | 20.60 | 35.70 | 15.10 |
| Giant | 5.90 | 51.50 | 6.50 |
Source: Morningstar Direct
Asset Allocation
% of Net Assets 12/31/18
| Equity | 91.68 |
| Fixed Income | 1.75 |
| Cash or Equivalent | 6.07 |
| Other | 0.05 |
Top 10 Holdings
% of Net Assets 01/31/19
| Portfolio | % of Net Assets | |
|---|---|---|
| DowDuPont, Inc | DWDP | 4.00% |
| Atlantic Sapphire AS | ASAME NO | 3.97% |
| Universal Entertainment Corp. | 6425 JP | 3.87% |
| Vivendi SA | VIV FP | 3.74% |
| Codere SA | * | 3.64% |
| Salmones Camanchaca SA | NO | 3.46% |
| EXOR NV | EXO IM | 3.38% |
| Scorpio Tankers, Inc. | STNG | 3.23% |
| AURELIUS Equity Opportunities SE & Co. KGaA | AR4 GR | 3.16% |
| S&T AG | SANT GR | 3.12% |
*Includes common stock tickers CDR SM and CDR-R SM
Click here to view a complete holdings list at quarter end.
David Marcus
Global Value Fund Commentary | Q4 2018
The volatility in the fourth quarter of 2018 was dramatic and, as global markets sold off precipitously, many….
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The MSCI ACWI ex USA Index captures large and mid cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 23 Emerging Markets (EM) countries*. With 1,855 constituents, the index covers approximately 85% of the global equity opportunity set outside the US.
Morningstar World Stock Category Average represents an average of all of the funds in the Morningstar World Stock category.
Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.