Investment Approach

The Evermore Global Value Fund seeks to achieve long-term capital appreciation by primarily investing in the equity securities of businesses undergoing some form of strategic change (“special situations”) where there are substantial disconnects between market price and business value, and, where catalysts exist that may narrow these discounts for the benefit of Fund shareholders. A focus on capital preservation is at the core of our strategy.

Portfolio Guidelines

Investable Universe Common and preferred stocks, warrants, rights, debt securities, convertible securities, indexed securities, and derivatives.
Market Cap Exposure Full market cap spectrum, bias toward small and mid
Number of Positions Typically 30-40
Position Sizing Target positions between 2-7% of AUM
Industry Exposure Will not exceed 25% of AUM
Other Exposures Less liquid securities <=15% of AUM
Distressed debt securities <=15%
Merger arbitrage securities <=15%
Shorts (non-merger arbitrage) <=10%
Holding Period Typically 3-5 years
Cash Typically 5-15%
Cash may be increased to hedge risk or market exposure

Fund Facts

Investor Institutional
Ticker Symbols EVGBX EVGIX
CUSIP Numbers 75526L704 75526L803
Inception 01/01/2010 01/01/2010
Minimum Initial Investment $5,000
($2,000 for IRAs)
Minimum Subsequent Investment $100
($100 for IRAs)

Fees & Expenses

Investor Institutional
Management Fee 0.99% 0.99%
Distribution and Service (12b-1) Fee 0.25% none
Gross Expense Ratio 1.55% 1.29%

It is not possible to invest directly in an index.

Portfolio Managers

David Marcus