Regional Exposure
% of Portfolio 3/31/19| Evermore Global Value Institutional | MSCI ACWI Ex USA NR USD | US Fund World Small/Mid Stock | |
|---|---|---|---|
| Africe/ME | 0.00 | 2.23 | 0.41 |
| Austral/Asia | 0.00 | 4.66 | 1.28 |
| Greater Asia | 11.85 | 44.14 | 15.23 |
| Greater Europe | 52.23 | 45.11 | 29.83 |
| Latin America | 3.25 | 3.10 | 1.01 |
| North America | 32.67 | 7.65 | 53.93 |
Source: Morningstar Direct
Sector Exposure
% of Portfolio 3/31/19| Industrials | 23.21 |
|---|---|
| Consumer Cyclical | 17.99 |
| Financial Services | 14.81 |
| Basic Materials | 10.42 |
| Technology | 8.58 |
| Energy | 7.65 |
| Consumer Defensive | 7.58 |
| Healthcare | 7.48 |
| Communication Services | 2.23 |
| Real Estate | 0.04 |
| Utilities | 0.02 |
Source: Morningstar Direct
Market Cap Comparisons
% of Portfolio 3/31/19| Evermore Global Value Institutional | MMSCI ACWI Ex USA NR USD | US Fund World Small/Mid Stock | |
|---|---|---|---|
| Micro | 17.03 | 0.02 | 5.66 |
| Small | 47.8 | 0.27 | 26.07 |
| Mid | 13.8 | 13.05 | 49.11 |
| Large | 17.1 | 35.02 | 15.25 |
| Giant | 4.1 | 51.65 | 3.92 |
Source: Morningstar Direct
Asset Allocation
% of Net Assets 3/31/19
| Equity | 93.52 |
| Fixed Income | 1.62 |
| Cash or Equivalent | 4.38 |
| Other | 0.47 |
Top 10 Holdings
% of Net Assets 5/31/19
| Ticker Symbol |
% of Net Assets |
|
|---|---|---|
| Atlantic Sapphire AS | ASAME NO | 5.13% |
| Scorpio Tankers, Inc. | STNG | 4.53% |
| Vivendi SA | VIV FP | 3.87% |
| MagnaChip Semiconductor Corp. | MX | 3.74% |
| EXOR NV | EXO IM | 3.55% |
| Universal Entertainment Corp. | 6425 JP | 3.54% |
| Kraton Corp. | KRA | 3.26% |
| Fagron NV | FAGR BB | 3.20% |
| Frontline, Ltd | FRO | 3.16% |
| S&T AG | SANT GR | 3.05% |
Click here to view a complete holdings list at quarter end.
David Marcus
Global Value Fund Commentary | Q1 2019
The end to the U.S. Government shutdown, reports of progress on China-U.S. trade talks, and the Federal Reserve’s…
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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.