Top 10 Holdings as of 09-30-2016
Holding Percentage Holding Percentage
Sberbank of Russia PJSC 10.15%   OTP Bank PLC 1.98%
Lukoil PJSC 7.84%   Polski Koncern Naftowy ORLEN S 1.88%
Gazprom PJSC 6.16%   Mobile TeleSystems PJSC 1.61%
Rosneft PJSC 2.06%   Direxion Daily Russia Bull 3x 1.58%
Tatneft PJSC 2.01%   Magnit PJSC 1.42%
Industry Breakdown as of 09-30-2016
Sector Percentage Sector Percentage
Financials 25.80%   Energy 25.37%
Materials 9.83%   Industrials 8.75%
Telecommunication Services 7.23%   Consumer Discretionary 6.70%
Consumer Staples 4.51%   Utilities 3.60%
Funds 3.00%   Information Technology 2.53%
Regional Breakdown as of 09-30-2016
Region Percentage Region Percentage
Russian Federation 43.30%   Turkey 15.48%
Poland 10.28%   Hungary 4.78%
Greece 4.53%   Austria 4.33%
Czech Republic 3.04%   Romania 2.62%
Italy 1.74%   Cyprus 1.62%

Net Asset Value
as of 12/02/2016

Global Resources Fund PSPFX $5.50 0.06 Gold and Precious Metals Fund USERX $7.50 0.24 World Precious Minerals Fund UNWPX $6.72 0.25 China Region Fund USCOX $7.71 -0.09 Emerging Europe Fund EUROX $5.57 0.03 All American Equity Fund GBTFX $23.10 0.01 Holmes Macro Trends Fund MEGAX $19.81 -0.02 Near-Term Tax Free Fund NEARX $2.20 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change