Evermore Global Value Fund
Data updated: 2022-11-23
C000081463 — Evermore Global Value Fund. Emerging Markets Value Equity · $115.89M AUM · 1.57% expense ratio. Holdings, fees, performance and SEC filings.
C000081463 Fund Overview
Evermore Global Value Fund is a US mutual fund managed by Evermore Funds Trust, categorised as Emerging Markets Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Evermore Funds Trust
- Category: Emerging Markets Value Equity
- Assets under management: $115.89M
- 1-year return: -26.3%
- SEC CIK: 0001472754
- SEC series ID: S000027063
- Share class ID: C000081463
C000081463 Investment Objective and Strategy
Evermore Global Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Evermore Funds Trust.
Investment objective
The Evermore Global Value Fund (the Fund) seeks capital appreciation by investing in securities from markets around the world, including U.S. markets.
Principal investment strategy
To achieve its investment objective, the Fund primarily seeks investments in the equity securities of companies that are both undervalued and undergoing change (special situations). Special situations are situations where the securities of a company are expected to appreciate as a result of company-specific developments (also referred to as catalysts) rather than general business conditions or movements of the market as a whole . Catalysts may include management changes, shareholder activism, and operational and financial restructurings (e.g., cost-cutting, asset sales, breakups, spinoffs, mergers, acquisitions, liquidations, share buybacks, recapitalizations, etc.). The Fund takes an opportunistic approach to global value investing and may invest in securities of issuers located in any country, in any industry, and of any market capitalization (share price times the number of common stock shares outstanding) size.
The Fund will invest at least 40% of its assets, and may invest up to 100% of its assets, in the securities of issuers located in various foreign countries, including both developed and emerging markets. Evermore Global Advisors, LLC (the Adviser) seeks to identify investment opportunities through extensive research and analysis of individual companies, and generally focuses less on stock market conditions or other macro factors. For these reasons, the Fund may seek investments in the securities of companies that the Adviser believes to be temporarily depressed. The debt securities which the Fund may purchase may either be unrated, or rated in any rating category established by one or more independent rating organizations, such as S&P Global Ratings (S&P) or Moodys Investors Service (Moodys).
The Fund may invest in securities that are rated in the medium to lowest rating categories by S&P and Moodys, some of which may be so-called junk bonds. The Fund will invest in debt securities based on their current yields and overall potential for capital appreciation, and therefore, such debt securities will have varying maturity dates. The Fund may invest a portion of its assets in derivative instruments. These may include forward contracts, options and futures contracts. The Fund invests in derivatives primarily to hedge its exposure to foreign currencies, typically through the use of foreign currency derivatives, including forward foreign currency exchange contracts. The Fund also seeks to hedge exposure to certain markets and securities. In addition, the Fund may engage in short sales for the following purposes: (i) to hedge against declines of long portfolio positions, (ii) in merger arbitrage situations, and (iii) to profit from declining market values of securities that the Adviser deems to be overvalued.
The Fund typically will hold an equity investment (other than an investment involving a merger arbitrage situation) for a substantial period of time (more than one year). The Adviser will generally sell an investment when it determines that its target value has been reached, when there has been a fundamental change in the business or capital structure of the company which significantly affects the investments inherent value, when a position weighting needs to be downsized, when catalysts to recognize value no longer exist, when its original investment thesis changes, or when a better investment opportunity arises. Although the Fund does not have a policy to concentrate assets in any one industry, the Adviser may, at times, determine that a certain industry or industries offer the best opportunity to achieve the Funds investment objective.
Therefore, the Adviser may invest a significant portion of the Funds total assets in an industry or industries, not to exceed 25% of the market value of the Funds total assets in any one industry at the time of purchase. The Fund expects to invest in a relatively small number of issuers.
C000081463 Performance
Total returns for C000081463 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -26.3% |
| 3 years (annualised) | -13.0% |
C000081463 Risk Information
Risk metrics for C000081463, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 26.1%
C000081463 Costs and Fees
C000081463 costs about $157 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.57%
- Gross expense ratio: 1.57%
- Portfolio turnover: 33%
- Brokerage commissions: 11.59 bps of average net assets (SEC N-CEN)
C000081463 Cashflows
Over the 12 months to 2022-09, Evermore Global Value Fund had net inflows of $105.94M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | $6.73M |
| 2022-08 | $8.61M |
| 2022-07 | $9.83M |
| 2022-06 | $8.04M |
| 2022-05 | $11.50M |
| 2022-04 | $12.35M |
C000081463 Debt Constituents
No individual debt constituents are reported in Evermore Global Value Fund's latest SEC N-PORT filing.
C000081463 Prospectus and SEC Filings
Official Evermore Global Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-27
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2020-05-15
- Portfolio holdings (N-PORT) — filed 2022-11-23
- Portfolio holdings (N-PORT) — filed 2022-08-23
- Portfolio holdings (N-PORT) — filed 2022-05-18
- Annual census (N-CEN) — filed 2022-03-15
- Annual census (N-CEN) — filed 2021-03-15
Related Funds
Other Emerging Markets Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.