Regional Exposure

% of Portfolio 12/31/17
Evermore Global Value Institutional MSCI ACWI Ex USA NR USD
Africe/ME 0.00 2.37
AustralAsia 0.00 4.81
Greater Asia 10.36 43.06
Greater Europe 74.01 46.77
Latin America 0.00 2.90
North America 15.55 7.27

Source: Morningstar Direct

Sector Exposure

% of Portfolio 12/31/17
Energy 2.01
Materials 6.85
Industrials 37.10
Consumer Cyclical 13.14
Consumer Defensive 0.00
Health Care 8.41
Financials 17.17
Real Estate 0.00
Technology 9.03
Telecom 6.29
Utilities 0.00

Source: Morningstar Direct

Market Cap Comparisons

% of Portfolio 12/31/17
Evermore Global Value Institutional MMSCI ACWI Ex USA NR USD
Micro 18.69 0.01
Small 29.83 0.05
Mid 24.83 7.53
Large 24.44 34.39
Giant 2.20 58.03

Source: Morningstar Direct

Asset Allocation

% of Net Assets 12/31/17
Equity 94.54
Fixed Income 1.54
Cash or Equivalent 3.51
Other 0.41

Top 10 Holdings

As of 12/31/17
Portfolio % of Net Assets
Vivendi SA VIV FP 5.15%
Enzo Biochem, Inc. ENZ 5.13%
Aurelius Equity Opportunities AR4 GR 4.70%
Magnachip Semiconductor Corp. MX 4.35%
Bollore Investissement SA BOL FP 4.09%
Scorpio Bulkers, Inc. SALT 3.95%
Universal Entertainment Corp. 6425 JP 3.79%
Kraton Corporation KRA 3.70%
Codere SA * 3.69%
NN Group NV NN NA 3.43%

* Includes common stock tickers CDR SM and CDR-R SM.

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.