Global Value Fund

Portfolio 2020-03-17T11:11:48-05:00

Regional Exposure

% of Portfolio 12/31/19
Evermore Global Value Institutional MSCI ACWI Ex USA NR USD US Fund World Small/Mid Stock
Africa/ME 0.00 2.74 0.35
Austral/Asia 0.00 4.63 1.64
Greater Asia 5.80 44.33 16.51
Greater Europe 67.50 45.03 28.19
Latin America 2.37 3.12 1.37
North America 23.98 7.52 53.93

Source: Morningstar Direct

Sector Exposure

% of Portfolio 12/31/19
Industrials 32.71
Communication Services 15.02
Basic Materials 10.29
Financial Services 8.11
Technology 9.56
Consumer Defensive 8.74
Consumer Cyclical 5.10
Energy 4.80
Healthcare 5.31
Real Estate 0.0
Utilities 0.0

Source: Morningstar Direct

Market Cap Comparisons

% of Portfolio 12/31/19
Evermore Global Value Institutional MMSCI ACWI Ex USA NR USD US Fund World Small/Mid Stock
Micro 15.71 0.00 4.67
Small 56.58 0.33 30.94
Mid 12.09 15.73 41.51
Large 13.12 37.82 16.10
Giant 2.50 46.13 2.79

Source: Morningstar Direct

Asset Allocation

% of Net Assets 12/31/19

Equity 97.17%
Fixed Income 2.11%
Cash or Equivalent 0.33%
Other 0.39%

Top 10 Holdings

% of Net Assets 2.29.20

Ticker
Symbol
% of Net
Assets
Atlantic Sapphire AS ASAME NO 6.05%
MagnaChip Semiconductor Corp. MX 5.19%
Nordic Entertainment Group AB – Class B NENTB SS 5.06%
Fagron NV FAGR BB 4.57%
Modern Times Group MTG AB – B Shares MTGB SS 4.56%
Constellium SE CSTM 3.98%
Scorpio Tankers, Inc. * 3.82%
Vivendi SA VIV FP 3.67%
Emergent Capital, Inc. ** 3.64%
S&T AG SANT GR 3.58%

* Includes Common Stock and Purchased Options.
** Includes Common Stock, Corporate Obligation and Warrant.

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.