Regional Exposure

% of Portfolio 6/30/17
Evermore Global Value Institutional MSCI ACWI Ex USA NR USD
Africe/ME 0.00 2.24
AustralAsia 0.00 4.97
Greater Asia 9.83 42.27
Greater Europe 73.21 47.35
Latin America 0.0 2.91
North America 16.97 7.48

Source: Morningstar Direct

Sector Exposure

% of Portfolio 6/30/17
Energy 2.80
Materials 5.40
Industrials 36.10
Consumer Cyclical 12.40
Consumer Defensive 0.40
Health Care 10.30
Financials 18.10
Real Estate 0.00
Technology 6.20
Telecom 8.40
Utilities 0.00

Source: Morningstar Direct

Market Cap Comparisons

% of Portfolio 6/30/17
Evermore Global Value Institutional MMSCI ACWI Ex USA NR USD
Micro 26.47 0.02
Small 27.42 0.03
Mid 20.10 7.93
Large 23.77 34.28
Giant 2.24 57.74

Source: Morningstar Direct

Asset Allocation

% of Net Assets 6/30/17
Equity 95.27
Cash 4.67
Other 0.06

Top 10 Holdings

As of 8/31/17
Portfolio % of Net Assets
Enzo Biochem Inc. ENZ 6.00
MagnaChip Semiconductor Corp. MX 4.97
Ice Group AS ICE NO 4.51
Scorpio Bulkers, Inc. SALT 4.43
Aurelius Equity Opportunities SE & Co. KGaA AR4 GR 4.37
Vivendi SA VIV FP 4.16
Codere SA CDR SM 3.78
NN Group NV NN NA 3.73
Bollore SA BOL FP 3.73
EXOR NV EXO IM 3.42

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.