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Please note: The articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

Why Is the Strait of Hormuz So Essential to Oil Trading?
Why Is the Strait of Hormuz So Essential to Oil Trading?

How can one waterway be so essential to the world of oil and energy trading? The Strait of Hormuz, connecting the Persian Gulf to the Gulf of Oman, is known as the world’s most important oil transit chokepoint due to the massive volumes of fuel that pass through it daily. The passageway has been in the headlines lately due to escalating tensions between Iran and the U.S. – plus several other nations. Test your basic knowledge of the strait in this short quiz!

Net Asset Value
as of 12/10/2019

Global Resources Fund PSPFX $4.42 No Change Gold and Precious Metals Fund USERX $9.09 0.06 World Precious Minerals Fund UNWPX $2.97 0.01 China Region Fund USCOX $8.73 -0.08 Emerging Europe Fund EUROX $7.37 -0.01 All American Equity Fund GBTFX $25.79 -0.04 Holmes Macro Trends Fund MEGAX $17.03 0.05 Near-Term Tax Free Fund NEARX $2.22 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change