Regional Exposure
% of Portfolio 6/30/19| Evermore Global Value Institutional | MSCI ACWI Ex USA NR USD | US Fund World Small/Mid Stock | |
|---|---|---|---|
| Africa/ME | 0.00 | 2.68 | 0.32 |
| Austral/Asia | 0.00 | 4.75 | 1.47 |
| Greater Asia | 13.92 | 43.39 | 15.48 |
| Greater Europe | 49.64 | 45.42 | 28.48 |
| Latin America | 2.90 | 3.24 | 1.33 |
| North America | 33.54 | 7.95 | 54.71 |
Source: Morningstar Direct
Sector Exposure
% of Portfolio 6/30/19| Industrials | 25.57 |
|---|---|
| Consumer Cyclical | 18.54 |
| Financial Services | 12.94 |
| Basic Materials | 10.44 |
| Technology | 8.73 |
| Energy | 6.59 |
| Consumer Defensive | 8.26 |
| Healthcare | 7.44 |
| Communication Services | 1.49 |
| Real Estate | 0.04 |
| Utilities | 0.02 |
Source: Morningstar Direct
Market Cap Comparisons
% of Portfolio 6/30/19| Evermore Global Value Institutional | MMSCI ACWI Ex USA NR USD | US Fund World Small/Mid Stock | |
|---|---|---|---|
| Micro | 15.93 | 0.03 | 4.13 |
| Small | 51.37 | 0.19 | 28.97 |
| Mid | 10.65 | 13.92 | 47.47 |
| Large | 19.65 | 35.40 | 14.35 |
| Giant | 2.41 | 50.46 | 5.08 |
Source: Morningstar Direct
Asset Allocation
% of Net Assets 6/30/19
| Equity | 95.82 |
| Fixed Income | 1.63 |
| Cash or Equivalent | 2.30 |
| Other | 0.25 |
Top 10 Holdings
% of Net Assets 7/31/19
| Ticker Symbol |
% of Net Assets |
|
|---|---|---|
| Atlantic Sapphire AS | ASAME NO | 4.96% |
| MagnaChip Semiconductor Corp. | MX | 4.01% |
| Scorpio Tankers, Inc. | STNG | 4.00% |
| Vivendi SA | VIV FP | 3.89% |
| Constellium NV – Class A | CSTM | 3.53% |
| Universal Entertainment Corp. | 6425 JP | 3.41% |
| EXOR NV | EXO IM | 3.27% |
| Kraton Corp. | KRA | 3.20% |
| Nordic Entertainment Group AB – Class B | NENT B SS | 3.07% |
| S&T AG | SANT GR | 3.04% |
Click here to view a complete holdings list at quarter end.
David Marcus
Global Value Fund Commentary | Q2 2019
Global markets were generally up in the second quarter despite a mid quarter dip…
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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.