Top 10 Holdings as of 9-30-2018
Holding Percentage Holding Percentage
Lukoil PJSC 11.19%   MOL Hungarian Oil & Gas PLC 1.75%
Sberbank of Russia PJSC 8.42%   Polski Koncern Naftowy ORLEN S 1.71%
Gazprom PJSC 5.62%   Globaltrans Investment PLC 1.70%
Tatneft PJSC 2.59%   Magnitogorsk Iron & Steel Work 1.67%
Evraz PLC 1.77%   Severstal PJSC 1.67%
Industry Breakdown as of 9-30-2018
Sector Percentage Sector Percentage
Energy 29.27%   Financials 20.03%
Consumer Discretionary 13.91%   Basic Materials 12.71%
Consumer Staples 7.14%   Industrials 3.62%
Utilities 3.55%   Communications 2.78%
Funds 1.31%   Diversified 1.28%
Regional Breakdown as of 9-30-2018
Region Percentage Region Percentage
Russian Federation 45.22%   Poland 13.78%
Turkey 12.78%   Hungary 4.00%
Greece 3.85%   Romania 2.79%
Germany 2.61%   Austria 1.60%
Cyprus 1.53%   Czech Republic 1.43%

Net Asset Value
as of 12/12/2018

Global Resources Fund PSPFX $4.59 0.03 Gold and Precious Metals Fund USERX $6.46 -0.01 World Precious Minerals Fund UNWPX $3.03 -0.02 China Region Fund USCOX $7.97 0.06 Emerging Europe Fund EUROX $6.18 -0.01 All American Equity Fund GBTFX $24.18 0.06 Holmes Macro Trends Fund MEGAX $18.17 0.13 Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change