Top 10 Holdings as of 12-31-2016
Holding Percentage Holding Percentage
Sberbank of Russia PJSC 10.47%   OTP Bank PLC 1.75%
Lukoil PJSC 8.16%   Eurocash SA 1.64%
Gazprom PJSC 7.92%   Arcelik AS 1.58%
Polski Koncern Naftowy ORLEN S 1.97%   Magnit PJSC 1.45%
Moneta Money Bank AS 1.82%   MOL Hungarian Oil & Gas PLC 1.44%
Industry Breakdown as of 12-31-2016
Sector Percentage Sector Percentage
Energy 26.36%   Financials 21.54%
Materials 11.50%   Industrials 11.40%
Consumer Discretionary 8.34%   Telecommunication Services 6.11%
Consumer Staples 4.17%   Information Technology 3.74%
Utilities 2.20%   Other 1.19%
Regional Breakdown as of 12-31-2016
Region Percentage Region Percentage
Russian Federation 39.28%   Turkey 17.03%
Poland 12.26%   Greece 6.27%
Austria 5.38%   Hungary 4.83%
Czech Republic 2.73%   Cyprus 1.94%
Romania 1.61%   France 1.00%

Net Asset Value
as of 03/28/2017

Global Resources Fund PSPFX $5.44 0.01 Gold and Precious Metals Fund USERX $7.59 -0.12 World Precious Minerals Fund UNWPX $6.57 -0.10 China Region Fund USCOX $8.56 0.04 Emerging Europe Fund EUROX $6.17 0.02 All American Equity Fund GBTFX $24.47 0.14 Holmes Macro Trends Fund MEGAX $18.98 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