Regional Exposure

% of Portfolio 9/30/17
Evermore Global Value Institutional MSCI ACWI Ex USA NR USD
Africe/ME 0.00 2.11
AustralAsia 0.00 4.78
Greater Asia 14.60 41.71
Greater Europe 64.89 47.76
Latin America 0.00 3.15
North America 20.52 7.38

Source: Morningstar Direct

Sector Exposure

% of Portfolio 9/30/17
Energy 2.91
Materials 9.45
Industrials 23.80
Consumer Cyclical 12.96
Consumer Defensive 0.00
Health Care 11.78
Financials 25.24
Real Estate 0.00
Technology 10.44
Telecom 3.43
Utilities 0.00

Source: Morningstar Direct

Market Cap Comparisons

% of Portfolio 9/30/17
Evermore Global Value Institutional MMSCI ACWI Ex USA NR USD
Micro 26.23 0.02
Small 22.59 0.08
Mid 23.89 7.51
Large 25.32 33.67
Giant 1.97 58.73

Source: Morningstar Direct

Asset Allocation

% of Net Assets 9/30/17
Equity 94.30
Fixed Income 1.59
Cash or Equivalent 3.95
Other 0.15

Top 10 Holdings

As of 10/31/17
Portfolio % of Net Assets
Enzo Biochem Inc. ENZ 5.94
Vivendi SA VIV FP 4.95
MagnaChip Semiconductor Corp. MX 4.44
Scorpio Bulkers, Inc. SALT 4.36
Aurelius Equity Opportunities SE & Co. KGaA AR4 GR 4.30
Kraton Corp. KRA 3.85
Ice Group AS ICE NO 3.73
Bollore SA BOL FP 3.72
NN Group NV NN NA 3.67
Eurazeo SA RF FP 3.36

Click here to view a complete holdings list at quarter end.

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.