Regional Exposure

% of Portfolio 3/31/18
Evermore Global Value Institutional MSCI ACWI Ex USA NR USD
Africe/ME 0.00 2.30
AustralAsia 0.00 4.50
Greater Asia 10.70 39.10
Greater Europe 73.30 44.10
Latin America 1.80 3.20
North America 14.10 6.90

Source: Morningstar Direct

Sector Exposure

% of Portfolio 3/31/18
Industrials 36
Financials 15.3
Consumer Discretionary 14.4
Information Technology 10.7
Healthcare 7
Telecommunications Services 6.5
Materials 5.8
Energy 2.4
Consumer Staples 1.8
Real Estate 0

Source: Morningstar Direct

Market Cap Comparisons

% of Portfolio 3/31/18
Evermore Global Value Institutional MMSCI ACWI Ex USA NR USD
Micro 12.90 0.00
Small 36.30 0.20
Mid 20.90 12.40
Large 26.80 36.00
Giant 3.00 51.50

Source: Morningstar Direct

Asset Allocation

% of Net Assets 3/31/18
Equity 93.85
Fixed Income 1.45
Cash or Equivalent 3.48
Other 1.22

Top 10 Holdings

As of 3/31/18
Portfolio % of Net Assets
Vivendi SA VIV FP 4.38%
MagnaChip Semiconductor Corp. MX 4.30%
Aurelius Equity Opportunities SE AR4 GR 4.30%
Universal Entertainment Corp. 6425 JP 4.29%
Codere SA * 4.19%
Bollore SA BOL FP 3.96%
Scorpio Bulkers, Inc. SALT 3.67%
ICE Group AS ICE NO 3.42%
Fagron NV FAGR BB 3.37%
Enzo Biochem, Inc. ENZ 3.32%

* 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.