Regional Exposure
% of Portfolio 9/30/18| 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 9/30/18| Industrials | 35.95 |
|---|---|
| Financials | 12.31 |
| Information Technology | 9.88 |
| Telecommunications Services | 9.51 |
| Consumer Discretionary | 9.25 |
| Materials | 8.39 |
| Healthcare | 5.03 |
| Energy | 4.86 |
| Consumer Staples | 4.81 |
| Real Estate | 0.00 |
| Utilities | 0.00 |
Source: Morningstar Direct
Market Cap Comparisons
% of Portfolio 9/30/18| 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 9/30/18
| Equity | 96.73 |
| Fixed Income | 1.36 |
| Cash or Equivalent | 1.69 |
| Other | 0.22 |
Top 10 Holdings
% of Net Assets 10/31/18
| Portfolio | % of Net Assets | |
|---|---|---|
| Vivendi SA | VIV FP | 3.82% |
| DowDuPont, Inc | DWDP | 3.38% |
| Universal Entertainment Corp. | 6425 JP | 3.23% |
| Scorpio Bulkers, Inc. | SALT | 3.17% |
| MagnaChip Semiconductor Corp. | MX | 3.12% |
| ICE Group AS | ICE NO | 3.06% |
| Bollore SA | BOL FP | 3.01% |
| Frontline, Ltd. | FRO | 2.92% |
| AURELIUS Equity Opportunities SE & Co. KGaA | AR4 GR | 2.92% |
| Navios Maritime Containers, Inc. | NMCI NO | 2.78% |
* 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 | Q3 2018
Global equity prices were generally higher in the third quarter, largely due to the strength of U.S. markets….
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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.