Applying Super S-Curves
September 21, 2012
Hard Assets Investment Conference, Chicago| Frank Holmes
Net Asset Value
as of 08/27/2014
|Global Resources Fund PSPFX $9.98 0.02||Gold and Precious Metals Fund USERX $7.46 0.02||World Precious Minerals Fund UNWPX $6.92 No Change||China Region Fund USCOX $8.40 -0.07||Emerging Europe Fund EUROX $8.06 -0.01||All American Equity Fund GBTFX $33.92 -0.03||Holmes Macro Trends Fund MEGAX $24.56 -0.07||Near-Term Tax Free Fund NEARX $2.26 No Change||U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change|
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Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, a regional fund’s returns and share price may be more volatile than those of a less concentrated portfolio.
The Emerging Europe Fund invests more than 25% of its investments in companies principally engaged in the oil & gas or banking industries. The risk of concentrating investments in this group of industries will make the fund more susceptible to risk in these industries than funds which do not concentrate their investments in an industry and may make the fund’s performance more volatile.
Because the Global Resources Fund concentrates its investments in a specific industry, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries.
Stock markets can be volatile and can fluctuate in response to sector-related or foreign-market developments. For details about these and other risks the Holmes Macro Trends Fund may face, please refer to the fund's prospectus.
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