Top 10 Holdings as of 6-30-2018
Holding Percentage Holding Percentage
Lukoil PJSC 9.65%   Evraz PLC 1.70%
Sberbank of Russia PJSC 8.91%   Polski Koncern Naftowy ORLEN S 1.67%
Gazprom PJSC 6.17%   Detsky Mir PJSC 1.59%
Tatneft PJSC 2.03%   TCS Group Holding PLC 1.57%
Aeroflot PJSC 2.02%   Globaltrans Investment PLC 1.54%
Industry Breakdown as of 6-30-2018
Sector Percentage Sector Percentage
Energy 27.89%   Financials 23.35%
Consumer Discretionary 15.05%   Materials 10.97%
Consumer Staples 6.98%   Communications 3.97%
Industrials 3.19%   Utilities 2.58%
Diversified 1.52%   Information Technology 1.31%
Regional Breakdown as of 6-30-2018
Region Percentage Region Percentage
Russian Federation 45.53%   Turkey 15.32%
Poland 12.83%   Greece 4.83%
Hungary 3.59%   Germany 2.74%
Austria 2.18%   Romania 1.70%
Cyprus 1.60%   Czech Republic 1.45%

Net Asset Value
as of 08/14/2018

Global Resources Fund PSPFX $5.54 0.01 Gold and Precious Metals Fund USERX $6.97 -0.04 World Precious Minerals Fund UNWPX $3.50 -0.04 China Region Fund USCOX $9.34 -0.36 Emerging Europe Fund EUROX $6.29 0.14 All American Equity Fund GBTFX $26.15 0.16 Holmes Macro Trends Fund MEGAX $20.00 0.17 Near-Term Tax Free Fund NEARX $2.20 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change