Timothy Evnin
|
Charles Ryan
|
Portfolio Manager
|
Portfolio Manager
|
Shares
|
Value
|
|||||||
COMMON STOCKS – 96.3%
|
||||||||
Chemicals – 2.5%
|
||||||||
Celanese Corp.
|
32,970
|
$
|
3,530,428
|
|||||
Containers & Packaging – 3.0%
|
||||||||
WestRock Co.
|
67,240
|
4,250,240
|
||||||
Diversified – 2.2%
|
||||||||
3M Co.
|
13,150
|
3,095,116
|
||||||
Drugs – 1.4%
|
||||||||
Allergan PLC (a)
|
12,140
|
1,985,861
|
||||||
Electrical Equipment – 4.7%
|
||||||||
A.O. Smith Corp.
|
54,200
|
3,321,376
|
||||||
Roper Industries, Inc.
|
12,950
|
3,354,050
|
||||||
6,675,426
|
||||||||
Energy Equipment & Services – 3.7%
|
||||||||
Core Laboratories NV (a)
|
26,060
|
2,854,873
|
||||||
Schlumberger Ltd. (a)
|
36,100
|
2,432,779
|
||||||
5,287,652
|
||||||||
Financial Services – 14.4%
|
||||||||
BlackRock, Inc.
|
6,410
|
3,292,881
|
||||||
East West Bancorp, Inc.
|
55,110
|
3,352,341
|
||||||
Mastercard, Inc.
|
33,380
|
5,052,397
|
||||||
Synchrony Financial
|
110,220
|
4,255,594
|
||||||
The Blackstone Group LP
|
143,590
|
4,597,752
|
||||||
20,550,965
|
||||||||
Food Products – 2.9%
|
||||||||
Lamb Weston Holdings, Inc.
|
73,820
|
4,167,139
|
||||||
Forest Products – 2.8%
|
||||||||
Weyerhaeuser Co. – REIT
|
113,760
|
4,011,178
|
||||||
Health Care Services – 7.4%
|
||||||||
Thermo Fisher Scientific, Inc.
|
25,270
|
4,798,268
|
||||||
UnitedHealth Group, Inc.
|
26,290
|
5,795,893
|
||||||
10,594,161
|
||||||||
Insurance – 2.6%
|
||||||||
Chubb Ltd. (a)
|
25,170
|
3,678,092
|
||||||
Machinery – 1.8%
|
||||||||
Welbilt, Inc. (b)
|
113,260
|
2,662,743
|
||||||
Office Equipment – 2.9%
|
||||||||
Apple, Inc.
|
24,970
|
4,225,673
|
||||||
Property Management – 3.3%
|
||||||||
CBRE Group, Inc. – Class A (b)
|
110,220
|
4,773,628
|
||||||
Retail – 2.1%
|
||||||||
TJX Companies, Inc.
|
40,450
|
3,092,807
|
||||||
Semiconductors – 5.1%
|
||||||||
NXP Semiconductors NV (a)(b)
|
22,250
|
2,605,252
|
||||||
Texas Instruments, Inc.
|
45,500
|
4,752,020
|
||||||
7,357,272
|
||||||||
Services – 10.0%
|
||||||||
Accenture PLC – Class A (a)
|
26,590
|
4,070,663
|
||||||
Alphabet, Inc. – Class A (b)
|
2,000
|
2,106,800
|
||||||
Alphabet, Inc. – Class C (b)
|
3,317
|
3,470,909
|
||||||
Amazon.com, Inc. (b)
|
4,000
|
4,677,880
|
||||||
14,326,252
|
||||||||
Software – 7.6%
|
||||||||
Adobe Systems, Inc. (b)
|
21,340
|
3,739,622
|
||||||
Ansys, Inc. (b)
|
16,790
|
2,478,036
|
||||||
Microsoft Corp.
|
55,310
|
4,731,217
|
||||||
10,948,875
|
||||||||
Specialty Retail – 13.1%
|
||||||||
Alibaba Group
|
||||||||
Holding Ltd. (a)(b)
|
15,470
|
2,667,492
|
||||||
AutoNation, Inc. (b)
|
53,600
|
2,751,288
|
||||||
AutoZone, Inc. (b)
|
5,350
|
3,805,829
|
||||||
Dorman Products, Inc. (b)
|
38,370
|
2,345,942
|
||||||
Home Depot, Inc.
|
25,270
|
4,789,423
|
||||||
Nike, Inc. – Class B
|
37,250
|
2,329,988
|
||||||
18,689,962
|
||||||||
Telecommunications – 2.8%
|
||||||||
American Tower Corp. – REIT
|
27,800
|
3,966,226
|
||||||
TOTAL COMMON STOCKS
|
||||||||
(Cost $78,825,604)
|
137,869,696
|
Shares
|
Value
|
|||||||
SHORT TERM INVESTMENT – 3.7%
|
||||||||
Money Market Fund – 3.7%
|
||||||||
Invesco Government &
|
||||||||
Agency Portfolio,
|
||||||||
Institutional Class, 1.18% (c)
|
5,257,238
|
$
|
5,257,238
|
|||||
TOTAL SHORT TERM
|
||||||||
INVESTMENT
|
||||||||
(Cost $5,257,238)
|
5,257,238
|
|||||||
TOTAL INVESTMENTS
|
||||||||
(Cost $84,082,842) – 100.0%
|
143,126,934
|
|||||||
Liabilities in Excess
|
||||||||
of Other Assets – 0.0%
|
(46,376
|
)
|
||||||
TOTAL NET
|
||||||||
ASSETS – 100.0%
|
$
|
143,080,558
|
(a)
|
Foreign Domiciled
|
(b)
|
Non-income producing security
|
(c)
|
The rate shown is the annualized seven day effective yield as of December 31, 2017.
|
ASSETS:
|
||||
Investments, at value (cost $84,082,842)
|
$
|
143,126,934
|
||
Receivable for fund shares sold
|
22,539
|
|||
Dividends receivable
|
68,271
|
|||
Interest receivable
|
4,810
|
|||
Prepaid expenses
|
23,014
|
|||
Total Assets
|
143,245,568
|
|||
LIABILITIES:
|
||||
Payable for fund shares redeemed
|
19,867
|
|||
Distributions payable
|
90
|
|||
Investment advisory fee payable (Note 4)
|
82,273
|
|||
Accrued expenses and other payables
|
62,780
|
|||
Total Liabilities
|
165,010
|
|||
NET ASSETS
|
$
|
143,080,558
|
||
NET ASSETS CONSIST OF:
|
||||
Capital stock
|
$
|
84,479,069
|
||
Net unrealized appreciation
|
||||
on investments
|
59,044,092
|
|||
Undistributed net investment income
|
63,883
|
|||
Accumulated net realized loss
|
||||
on investments
|
(506,486
|
)
|
||
TOTAL NET ASSETS
|
$
|
143,080,558
|
||
Shares outstanding (unlimited shares
|
||||
authorized, no par value)
|
8,261,415
|
|||
NET ASSET VALUE, OFFERING AND
|
||||
REDEMPTION PRICE PER SHARE
|
$
|
17.32
|
INVESTMENT INCOME:
|
||||
Dividend and interest income
|
$
|
1,431,718
|
||
Less: foreign taxes withheld
|
(7,541
|
)
|
||
Total investment income
|
1,424,177
|
|||
EXPENSES:
|
||||
Investment advisory fees (Note 4)
|
955,820
|
|||
Fund administration and accounting fees
|
155,539
|
|||
Legal fees
|
76,789
|
|||
Trustees’ fees and expenses (Note 4)
|
38,429
|
|||
Transfer agent fees and expenses
|
37,520
|
|||
Federal and state registration fees
|
30,159
|
|||
Insurance expense
|
21,617
|
|||
Audit and tax fees
|
15,496
|
|||
Reports to shareholders
|
7,039
|
|||
Custody fees
|
6,652
|
|||
Miscellaneous expenses
|
55
|
|||
Total expenses before
|
||||
expense reimbursement
|
1,345,115
|
|||
Expenses reimbursed by Adviser (Note 4)
|
(70,688
|
)
|
||
Net expenses
|
1,274,427
|
|||
NET INVESTMENT INCOME
|
149,750
|
|||
REALIZED AND UNREALIZED
|
||||
GAIN ON INVESTMENTS:
|
||||
Net realized gain on
|
||||
investment transactions
|
2,740,173
|
|||
Change in unrealized appreciation
|
||||
on investments
|
26,004,478
|
|||
Net realized and unrealized gain
|
||||
on investments
|
28,744,651
|
|||
NET INCREASE IN NET ASSETS
|
||||
RESULTING FROM OPERATIONS
|
$
|
28,894,401
|
For the Year Ended
|
||||||||
December 31,
|
||||||||
2017
|
2016
|
|||||||
OPERATIONS:
|
||||||||
Net investment income
|
$
|
149,750
|
$
|
172,366
|
||||
Net realized gain (loss) on
|
||||||||
investment transactions
|
2,740,173
|
(341,395
|
)
|
|||||
Change in unrealized
|
||||||||
appreciation on investments
|
26,004,478
|
6,262,425
|
||||||
Net increase in net assets
|
||||||||
resulting from operations
|
28,894,401
|
6,093,396
|
||||||
CAPITAL SHARE
|
||||||||
TRANSACTIONS:
|
||||||||
Proceeds from shares sold
|
11,287,018
|
11,690,280
|
||||||
Cost of shares redeemed
|
(11,219,526
|
)
|
(12,340,780
|
)
|
||||
Reinvested distributions
|
2,089,887
|
156,820
|
||||||
Net increase (decrease) in
|
||||||||
net assets resulting from
|
||||||||
capital share transactions
|
2,157,379
|
(493,680
|
)
|
|||||
DISTRIBUTIONS TO
|
||||||||
SHAREHOLDERS FROM:
|
||||||||
Net investment income
|
(419,178
|
)
|
(211,400
|
)
|
||||
Net realized gain
|
(2,167,654
|
)
|
(126,836
|
)
|
||||
Total distributions
|
||||||||
to shareholders
|
(2,586,832
|
)
|
(338,236
|
)
|
||||
TOTAL INCREASE IN
|
||||||||
NET ASSETS
|
28,464,948
|
5,261,480
|
||||||
NET ASSETS:
|
||||||||
Beginning of period
|
114,615,610
|
109,354,130
|
||||||
End of period
|
$
|
143,080,558
|
$
|
114,615,610
|
||||
UNDISTRIBUTED NET
|
||||||||
INVESTMENT
|
||||||||
INCOME (LOSS)
|
$
|
63,883
|
$
|
(14,126
|
)
|
Level 1 –
|
Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
|
Level 2 –
|
Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
|
Level 3 –
|
Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
|
Total
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Fair Value
|
|||||||||||||
Common
|
||||||||||||||||
Stocks*
|
$
|
137,869,696
|
$
|
—
|
$
|
—
|
$
|
137,869,696
|
||||||||
Short-Term
|
||||||||||||||||
Investment
|
5,257,238
|
—
|
—
|
5,257,238
|
||||||||||||
Total
|
||||||||||||||||
Investments
|
$
|
143,126,934
|
$
|
—
|
$
|
—
|
$
|
143,126,934
|
Expiration
|
Amount
|
2018
|
$74,720
|
2019
|
$79,066
|
2020
|
$70,688
|
Year Ended
|
Year Ended
|
|||||||
December 31,
|
December 31,
|
|||||||
2017
|
2016
|
|||||||
Shares Sold
|
714,888
|
911,393
|
||||||
Shares Redeemed
|
(722,312
|
)
|
(933,869
|
)
|
||||
Shares Reinvested
|
120,108
|
11,098
|
||||||
Net Increase (Decrease)
|
112,684
|
(11,378
|
)
|
|||||
Shares Outstanding:
|
||||||||
Beginning of Period
|
8,148,731
|
8,160,109
|
||||||
End of Period
|
8,261,415
|
8,148,731
|
Cost of Investments
|
$
|
84,760,354
|
||
Gross unrealized appreciation
|
$
|
61,130,648
|
||
Gross unrealized depreciation
|
(2,764,068
|
)
|
||
Net unrealized appreciation
|
58,366,580
|
|||
Undistributed ordinary income
|
66,533
|
|||
Undistributed long-term capital gain
|
168,376
|
|||
Total distributable earnings
|
234,909
|
|||
Total accumulated earnings
|
$
|
58,601,489
|
2017
|
2016
|
|||||||
Ordinary Income
|
$
|
453,876
|
$
|
338,236
|
||||
Long Term Capital Gain
|
$
|
2,132,956
|
$
|
—
|
Years Ended December 31,
|
||||||||||||||||||||||||||||||||||||||||
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
2011
|
2010
|
2009
|
2008
|
|||||||||||||||||||||||||||||||
Per Share Data:
|
||||||||||||||||||||||||||||||||||||||||
Net asset value,
beginning of period
|
$
|
14.07
|
$
|
13.40
|
$
|
14.39
|
$
|
13.23
|
$
|
9.84
|
$
|
8.99
|
$
|
8.93
|
$
|
7.76
|
$
|
5.79
|
$
|
9.88
|
||||||||||||||||||||
Income from investment operations:
|
||||||||||||||||||||||||||||||||||||||||
Net investment income (loss)(1)
|
0.02
|
0.02
|
0.04
|
0.02
|
0.02
|
0.01
|
0.04
|
(0.01
|
)
|
(0.02
|
)
|
(0.02
|
)
|
|||||||||||||||||||||||||||
Net realized and unrealized
|
||||||||||||||||||||||||||||||||||||||||
gain (loss) on investments
|
3.55
|
0.69
|
(0.37
|
)
|
2.07
|
3.68
|
0.87
|
0.02
|
1.18
|
1.99
|
(4.01
|
)
|
||||||||||||||||||||||||||||
Total from
investment operations
|
3.57
|
0.71
|
(0.33
|
)
|
2.09
|
3.70
|
0.88
|
0.06
|
1.17
|
1.97
|
(4.03
|
)
|
||||||||||||||||||||||||||||
Less distributions:
|
||||||||||||||||||||||||||||||||||||||||
Distributions from
net investment income
|
(0.05
|
)
|
(0.03
|
)
|
(0.04
|
)
|
(0.02
|
)
|
(0.03
|
)
|
(0.03
|
)
|
—
|
—
|
—
|
—
|
||||||||||||||||||||||||
Distributions from net
|
||||||||||||||||||||||||||||||||||||||||
realized gains from
security transactions
|
(0.27
|
)
|
(0.01
|
)
|
(0.62
|
)
|
(0.91
|
)
|
(0.28
|
)
|
—
|
—
|
—
|
—
|
(0.06
|
)
|
||||||||||||||||||||||||
Total distributions
|
(0.32
|
)
|
(0.04
|
)
|
(0.66
|
)
|
(0.93
|
)
|
(0.31
|
)
|
(0.03
|
)
|
—
|
—
|
—
|
(0.06
|
)
|
|||||||||||||||||||||||
Net asset value, end of period
|
$
|
17.32
|
$
|
14.07
|
$
|
13.40
|
$
|
14.39
|
$
|
13.23
|
$
|
9.84
|
$
|
8.99
|
$
|
8.93
|
$
|
7.76
|
$
|
5.79
|
||||||||||||||||||||
Total return
|
25.35
|
%
|
5.31
|
%
|
(2.30
|
)%
|
15.74
|
%
|
37.65
|
%
|
9.77
|
%
|
0.67
|
%
|
15.08
|
%
|
34.02
|
%
|
(41.02
|
)%
|
||||||||||||||||||||
Supplemental data and ratios:
|
||||||||||||||||||||||||||||||||||||||||
Net assets, end
of period (in 000’s)
|
$
|
143,081
|
$
|
114,616
|
$
|
109,354
|
$
|
97,184
|
$
|
78,048
|
$
|
54,216
|
$
|
28,051
|
$
|
20,394
|
$
|
12,209
|
$
|
10,594
|
||||||||||||||||||||
Ratio of operating expenses
to average net assets,
|
||||||||||||||||||||||||||||||||||||||||
before reimbursements
|
1.06
|
%
|
1.07
|
%
|
1.07
|
%
|
1.29
|
%
|
1.25
|
%
|
1.32
|
%
|
1.47
|
%
|
2.08
|
%
|
1.98
|
%
|
1.76
|
%
|
||||||||||||||||||||
Ratio of operating expenses
to average net assets,
net of reimbursements
|
||||||||||||||||||||||||||||||||||||||||
1.00
|
%
|
1.00
|
%
|
1.00
|
%
|
1.00
|
%
|
1.00
|
%
|
1.00
|
%
|
1.00
|
%
|
1.63
|
%
|
1.95
|
%
|
1.76
|
%
|
|||||||||||||||||||||
Ratio of net investment
income (loss) to
|
||||||||||||||||||||||||||||||||||||||||
average net assets,
before reimbursements
|
0.06
|
%
|
0.08
|
%
|
0.27
|
%
|
(0.14
|
%)
|
(0.10
|
%)
|
0.05
|
%
|
(0.04
|
%)
|
(0.64
|
%)
|
(0.34
|
%)
|
(0.22
|
%)
|
||||||||||||||||||||
Ratio of net investment
income (loss) to
|
||||||||||||||||||||||||||||||||||||||||
average net assets,
net of reimbursements
|
0.12
|
%
|
0.16
|
%
|
0.34
|
%
|
0.15
|
%
|
0.15
|
%
|
0.37
|
%
|
0.43
|
%
|
(0.19
|
%)
|
(0.31
|
%)
|
(0.22
|
%)
|
||||||||||||||||||||
Portfolio turnover rate
|
10.73
|
%
|
22.60
|
%
|
23.52
|
%
|
21.53
|
%
|
36.65
|
%
|
84.10
|
%
|
88.29
|
%
|
42.58
|
%
|
49.44
|
%
|
58.78
|
%
|
(1)
|
Net investment income (loss) per share is calculated using ending balances prior to consideration of adjustments for permanent book and tax differences.
|
One Year
|
Five Years
|
Ten Years
|
|
Evercore Equity Fund
|
25.35%
|
15.49%
|
7.52%
|
S&P 500 Index1
|
21.83%
|
15.79%
|
8.50%
|
Russell 1000 Index2
|
21.69%
|
15.71%
|
8.59%
|
1
|
S&P 500 Index – an unmanaged market capitalization-weighted index based on the average weighted performance of 500 widely held common stocks.
|
2
|
Russell 1000 Index– an unmanaged index that measures the performance of the 1,000 largest U.S. companies (90% of the investable U.S. equity market) based on total market capitalization.
|
Expenses
|
|||
Paid
|
|||
Beginning
|
Ending
|
During
|
|
Account
|
Account
|
Period(1)
|
|
Value
|
Value
|
7/1/17 –
|
|
7/1/17
|
12/31/17
|
12/31/17
|
|
Actual(2)
|
$1,000.00
|
$1,128.40
|
$5.36
|
Hypothetical (5% return
|
|||
before expenses)
|
1,000.00
|
1,020.16
|
5.09
|
(1)
|
Expenses are equal to the Fund’s annualized expense ratio of 1.00% for the six-months ended December 31, 2017, multiplied by the average account value over the period, multiplied by 184/365 to reflect the one-half year period.
|
(2)
|
Based on the actual returns for the six-month period ended December 31, 2017 of 12.84%.
|
Term of
|
Number of
|
||||
Office and
|
Portfolios in
|
||||
Length of
|
Principal
|
Fund Complex
|
Other Directorships
|
||
Name, Address
|
Time
|
Occupation During
|
Overseen
|
Served During
|
|
and Age
|
Position
|
Served*
|
Past Five Years
|
by Trustee
|
Past Five Years
|
INDEPENDENT
|
|||||
TRUSTEES:
|
|||||
Laird I. Grant
|
Trustee
|
Since 2012
|
Retired; Managing Director
|
1
|
Trustee, Community
|
55 East 52nd Street,
|
and Senior Portfolio Manager,
|
Foundation of Collier
|
|||
23rd Floor
|
U.S. Trust Company of
|
County 2014-present;
|
|||
New York, NY 10055
|
Florida, 2001-2008.
|
Chair of the Investment
|
|||
Year of Birth: 1945
|
Committee, Community
|
||||
Foundation of Collier
|
|||||
County 2014-present;
|
|||||
Member of the
|
|||||
Investment Committee,
|
|||||
Community Foundation
|
|||||
of Collier County
|
|||||
2013-2014.
|
|||||
Katharine Plourde
|
Trustee
|
Since 2014
|
Private Investor;
|
1
|
Pall Corporation
|
55 East 52nd Street,
|
Corporate Director of three
|
1995-2015, OM
|
|||
23rd Floor
|
NYSE-listed companies:
|
Group 2002-2015,
|
|||
New York, NY 10055
|
Pall Corporation, OM Group,
|
Albany International
|
|||
Year of Birth: 1951
|
and Albany International.
|
2013-present
|
|||
INTERESTED
|
|||||
TRUSTEE:
|
|||||
Frederick Taylor**
|
Chairman,
|
Since 2013
|
Senior Advisor, Evercore
|
1
|
John’s Island Golf Club,
|
55 E. 52nd Street,
|
Trustee, and
|
Wealth Management, LLC
|
2012-present; Vero
|
||
23rd Floor
|
President
|
2008-present.
|
Beach Museum and Vero
|
||
New York, NY 10055
|
Beach Museum
|
||||
Year of Birth: 1941
|
Endowment Trust Board,
|
||||
2012-present; Trustee
|
|||||
Emeritus, Wesleyan
|
|||||
University, 2006-present.
|
Term of
|
Number of
|
||||
Office and
|
Portfolios in
|
||||
Length of
|
Principal
|
Fund Complex
|
Other Directorships
|
||
Name, Address
|
Time
|
Occupation During
|
Overseen
|
Served During
|
|
and Age
|
Position
|
Served*
|
Past Five Years
|
by Trustee
|
Past Five Years
|
OFFICERS:
|
|||||
Ruth P. Calaman
|
Executive
|
Since 2012
|
Chief Compliance Officer,
|
1
|
None
|
55 East 52nd Street,
|
Vice
|
Evercore Wealth Management
|
|||
23rd Floor
|
President,
|
LLC and Evercore Trust
|
|||
New York, NY10055
|
Secretary
|
Company, N.A. since 2011.
|
|||
Year of Birth: 1966
|
and Chief
|
||||
Compliance
|
|||||
Officer
|
|||||
Bill Rouse
|
Executive
|
Since 2017
|
Managing Director, Head
|
1
|
None
|
55 East 52nd Street,
|
Vice
|
of Operations, Evercore
|
|||
23rd Floor
|
President,
|
Wealth Management LLC
|
|||
New York, NY 10055
|
Chief
|
since 2017; Divisional Chief
|
|||
Year of Birth: 1961
|
Operations
|
Operating Officer, Geller &
|
|||
Officer and
|
Company 2005-2017.
|
||||
Treasurer
|
*
|
Each Trustee serves for an indefinite term until his or her successor is duly elected and qualifies, unless the Trustee resigns, dies or is removed in accordance with the provisions of the Fund’s By-Laws.
|
|
**
|
Denotes a Trustee who is an “interested person of the Trust” as that term is defined in Section 2(a)(19) of the 1940 Act because of his association with the Adviser.
|
FYE 12/31/2017
|
FYE 12/31/2016
|
|
Audit Fees
|
13,500
|
13,500
|
Audit-Related Fees
|
0
|
0
|
Tax Fees
|
2,000
|
1,500
|
All Other Fees
|
0
|
0
|
Non-Audit Related Fees
|
FYE 12/31/2017
|
FYE 12/31/2016
|
Registrant
|
0
|
0
|
Registrant’s Investment Adviser
|
0
|
0
|
(a)
|
The Registrant’s President and Treasurer have reviewed the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d‑15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant’s service provider.
|
(b)
|
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.
|
(a)
|
(1) Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit. Filed herewith.
|
(b)
|
Certifications pursuant to Section 906 of the Sarbanes‑Oxley Act of 2002. Furnished herewith.
|
1.
|
HONEST AND ETHICAL CONDUCT
|
2.
|
FINANCIAL RECORDS AND REPORTING
|
3.
|
COMPLIANCE WITH LAWS, RULES AND REGULATIONS
|
4.
|
COMPLIANCE WITH THIS CODE OF ETHICS
|
5.
|
AMENDMENT AND WAIVER
|
1.
|
I have reviewed this report on Form N-CSR of Wall Street EWM Funds Trust;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
(a)
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
(b)
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
(c)
|
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
(d)
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
(a)
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
|
(b)
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date: March 1, 2018
|
/s/Frederick Taylor
Frederick Taylor President |
1.
|
I have reviewed this report on Form N-CSR of Wall Street EWM Funds Trust;
|
2.
|
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3.
|
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4.
|
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
(a)
|
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
(b)
|
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
(c)
|
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
(d)
|
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
|
5.
|
The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
|
(a)
|
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
|
(b)
|
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
Date: March 1, 2018
|
/s/Bill Rouse Bill Rouse
Treasurer |
/s/Frederick Taylor
Frederick Taylor
President, Wall Street EWM Funds Trust
|
/s/Bill Rouse
Bill Rouse
Treasurer, Wall Street EWM Funds Trust
|
Dated: March 1, 2018
|
Dated: March 1, 2018
|
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