Top 10 Holdings as of 3-31-2018
Holding Percentage Holding Percentage
Sberbank of Russia PJSC 12.25%   Tatneft PJSC 2.06%
Lukoil PJSC 6.71%   Aegean Airlines SA 1.57%
Gazprom PJSC 5.26%   Polski Koncern Naftowy ORLEN S 1.55%
Evraz PLC 2.12%   Ford Otomotiv Sanayi AS 1.52%
Aeroflot PJSC 2.06%   Globaltrans Investment PLC 1.51%
Industry Breakdown as of 3-31-2018
Sector Percentage Sector Percentage
Energy 25.36%   Financials 24.83%
Consumer Discretionary 16.08%   Materials 11.29%
Consumer Staples 5.98%   Industrials 4.24%
Communications 3.40%   Utilities 2.57%
Information Technology 1.49%   Diversified 1.35%
Regional Breakdown as of 3-31-2018
Region Percentage Region Percentage
Russian Federation 42.91%   Turkey 17.86%
Poland 13.65%   Greece 4.89%
Hungary 3.53%   Germany 2.84%
Austria 2.54%   Romania 1.54%
Czech Republic 1.41%   Cyprus 1.15%

Net Asset Value
as of 06/18/2018

Global Resources Fund PSPFX $5.82 -0.01 Gold and Precious Metals Fund USERX $7.59 -0.02 World Precious Minerals Fund UNWPX $3.86 -0.03 China Region Fund USCOX $11.75 -0.05 Emerging Europe Fund EUROX $6.64 -0.08 All American Equity Fund GBTFX $25.97 No Change Holmes Macro Trends Fund MEGAX $20.15 -0.07 Near-Term Tax Free Fund NEARX $2.20 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change