Top 10 Holdings as of 06-30-2019
Holding Percentage Holding Percentage
LUKOIL PJSC 9.54%   Novatek PJSC 2.75%
Sberbank of Russia PJSC 8.34%   Rosneft Oil Co. PJSC 1.84%
Gazprom PJSC 7.64%   TCS Group Holdings PLC 1.65%
Tatneft PJSC 4.21%   Pwszechny Zaklad Ubezpieczen SA 1.47%
MMC Norilsk Nickel PJSC 3.44%   MOL Hungarian Oil & Gas PLC 1.46%
Industry Breakdown as of 06-30-2019
Sector Percentage Sector Percentage
Energy 36.75%   Financial 18.17%
Basic Materials 12.67%   Consumer Discretionary 7.92%
Consumer Staples 6.05%   Industrials 3.40%
Communications 2.89%   Utilities 2.62%
Funds 1.93%   Diversified 1.27%
Regional Breakdown as of 06-30-2019
Region Percentage Region Percentage
Russian Federation 52.13%   Turkey 11.70%
Poland 10.95%   Greece 4.37%
Hungary 2.84%   Austria 2.30%
Romania 2.14%   Cyprus 1.66%
Germany 0.89%   Czech Republic 0.88%

Net Asset Value
as of 09/16/2019

Global Resources Fund PSPFX $4.52 0.07 Gold and Precious Metals Fund USERX $8.60 0.08 World Precious Minerals Fund UNWPX $3.21 0.04 China Region Fund USCOX $8.62 No Change Emerging Europe Fund EUROX $7.18 0.08 All American Equity Fund GBTFX $24.92 -0.08 Holmes Macro Trends Fund MEGAX $17.15 0.03 Near-Term Tax Free Fund NEARX $2.21 -0.01 U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change