Top 10 Holdings as of 12-31-2016
Holding Percentage Holding Percentage
Sberbank of Russia PJSC 10.47%   OTP Bank PLC 1.75%
Lukoil PJSC 8.16%   Eurocash SA 1.64%
Gazprom PJSC 7.92%   Arcelik AS 1.58%
Polski Koncern Naftowy ORLEN S 1.97%   Magnit PJSC 1.45%
Moneta Money Bank AS 1.82%   MOL Hungarian Oil & Gas PLC 1.44%
Industry Breakdown as of 12-31-2016
Sector Percentage Sector Percentage
Energy 26.36%   Financials 21.54%
Materials 11.50%   Industrials 11.40%
Consumer Discretionary 8.34%   Telecommunication Services 6.11%
Consumer Staples 4.17%   Information Technology 3.74%
Utilities 2.20%   Other 1.19%
Regional Breakdown as of 12-31-2016
Region Percentage Region Percentage
Russian Federation 39.28%   Turkey 17.03%
Poland 12.26%   Greece 6.27%
Austria 5.38%   Hungary 4.83%
Czech Republic 2.73%   Cyprus 1.94%
Romania 1.61%   France 1.00%

Net Asset Value
as of 01/17/2017

Global Resources Fund PSPFX $5.59 0.05 Gold and Precious Metals Fund USERX $8.08 0.23 World Precious Minerals Fund UNWPX $7.14 0.19 China Region Fund USCOX $7.62 No Change Emerging Europe Fund EUROX $6.00 No Change All American Equity Fund GBTFX $23.66 -0.06 Holmes Macro Trends Fund MEGAX $18.69 -0.08 Near-Term Tax Free Fund NEARX $2.22 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change