Top 10 Holdings as of 09-29-2017
Holding Percentage Holding Percentage
Sberbank of Russia PJSC 10.71%   MegaFon PJSC 1.59%
LUKOIL PJSC 6.19%   Aeroflot PJSC 1.56%
Direxion Daily Russia Bull 3x 1.91%   Polski Koncern Naftowy ORLEN S 1.55%
Evraz PLC 1.81%   Tofas Turk Otomobil Fabrikasi 1.53%
iShares MSCI Poland Capped ETF 1.70%   Severstal PJSC 1.48%
Industry Breakdown as of 09-29-2017
Sector Percentage Sector Percentage
Financials 22.10%   Energy 17.21%
Materials 14.90%   Industrials 12.98%
Consumer Discretionary 6.16%   Telecommunication Services 5.51%
Funds 3.61%   Utilities 3.27%
Information Technology 3.22%   Consumer Staples 2.72%
Regional Breakdown as of 09-29-2017
Region Percentage Region Percentage
Russian Federation 34.55%   Turkey 15.37%
Poland 14.50%   Greece 6.98%
Austria 4.60%   Hungary 3.30%
Germany 2.70%   Cyprus 2.25%
Czech Republic 1.38%   Canada 1.25%

Net Asset Value
as of 01/19/2018

Global Resources Fund PSPFX $6.42 0.02 Gold and Precious Metals Fund USERX $7.78 -0.01 World Precious Minerals Fund UNWPX $4.66 -0.01 China Region Fund USCOX $12.38 0.19 Emerging Europe Fund EUROX $7.77 -0.04 All American Equity Fund GBTFX $26.03 0.20 Holmes Macro Trends Fund MEGAX $20.25 0.26 Near-Term Tax Free Fund NEARX $2.21 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change