Evercore Equity Fund
Objective: Growth of Capital
Strategy: The fund invests in companies that we believe are experiencing positive and sustainable fundamental changes, based on the analysis of each company’s prospects, returns, past and expected future performance, and the quality of its corporate management and capital allocation. The portfolio typically has between 30-50 holdings and includes large, medium, and small capitalization stocks that are diversified by company size, economic sector, business geography, valuation, and financial strength.
Risks: Mutual fund investing involves risk. Principal loss is possible. The Evercore Equity Fund may invest in smaller companies, which involves additional risks such as limited liquidity and greater volatility than large capitalization companies. The Evercore Equity Fund may invest in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. Diversification does not assure a profit or protect against loss in a declining market. Earnings growth is not representative of the Evercore Equity Fund’s future performance. These and other risks associated with investing in the Evercore Equity Fund can be found in the prospectus and the SAI.
As of 09/30/24
SYMBOL (EWMCX)
INCEPTION DATE: 12/24/45
“The Evercore Equity Fund was renamed on March 1, 2016 to reflect changes in ownership and management made since the acquisition of the fund by Evercore Wealth Management in 2010. The fund was previously known as the Wall Street Fund (WALLX) and was launched in December, 1945.”
FUND ASSETS: $487,792,672
Benchmark: S&P 500
“The S&P 500® Index is an unmanaged, market capitalization weighted index based on the average weighted performance of 500 widely held common stocks. One cannot invest directly in an index.”
FEES AND EXPENSES:
Management Fees: 0.75%
“The adviser has contractually agreed to waive its fees and/or reimburse the Fund through April 30, 2025 to the extent necessary to ensure that Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement do not exceed 1.00% of the Fund’s average daily net assets.”
Gross Expense Ratio: 0.93%
“The adviser has contractually agreed to waive its fees and/or reimburse the Fund through April 30, 2025 to the extent necessary to ensure that Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement do not exceed 1.00% of the Fund’s average daily net assets.”
Net Expense Ratio: 0.93%
“The adviser has contractually agreed to waive its fees and/or reimburse the Fund through April 30, 2025 to the extent necessary to ensure that Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement do not exceed 1.00% of the Fund’s average daily net assets.”
PORTFOLIO TURNOVER: 10.00%
“The portfolio turnover rate is calculated by dividing the lesser of the annual sales or purchases of portfolio securities by the monthly average value of the portfolio securities held by the Fund during the year (excluding all securities whose maturities or expiration dates at the time of acquisition were one year or less).”
DISCLOSURES
Mutual Fund Investing involves risk. Principal loss is possible. The Fund may invest in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods.
The Evercore Equity Fund may invest in smaller companies, which involves additional risks such as limited liquidity and greater volatility than large capitalization companies.
Diversification does not assure a profit or protect against loss in a declining market.
The fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other information about the investment company and can be obtained by clicking this link or a free hard-copy is available by calling (800) 443-4693. Read it carefully before investing.
The fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Any tax or legal information provided is not an exhaustive interpretation of some of the current income tax regulations. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.