Top 10 Holdings as of 03-31-2019
Holding Percentage Holding Percentage
LUKOIL PJSC 10.50%   Novolipetsk Steel PJSC 1.72%
Sberbank of Russia PJSC 9.05%   Globaltrans Investment PLC 1.70%
Gazprom PJSC 6.05%   Evraz PLC 1.68%
Tatneft PJSC 3.60%   MOL Hungarian Oil & Gas PLC 1.68%
Novatek PJSC 2.55%   Magnitogorsk Iron & Steel Works PJSC 1.62%
Industry Breakdown as of 03-31-2019
Sector Percentage Sector Percentage
Energy 33.15%   Financials 18.58%
Basic Materials 13.85%   Consumer Discretionary 9.21%
Consumer Staples 5.60%   Utilities 3.77%
Industrials 3.39%   Communications 2.76%
Funds 1.79%   Diversified 1.06%
Regional Breakdown as of 03-31-2019
Region Percentage Region Percentage
Russian Federation 50.39%   Poland 11.89%
Turkey 9.47%   Greece 3.53%
Hungary 3.31%   Romania 2.88%
Austria 2.62%   Czech Republic 1.88%
Cyprus 1.51%   Germany 1.30%

Net Asset Value
as of 04/25/2019

Global Resources Fund PSPFX $4.54 -0.02 Gold and Precious Metals Fund USERX $6.68 -0.04 World Precious Minerals Fund UNWPX $2.54 No Change China Region Fund USCOX $8.89 -0.13 Emerging Europe Fund EUROX $6.69 -0.06 All American Equity Fund GBTFX $25.04 -0.11 Holmes Macro Trends Fund MEGAX $17.73 -0.10 Near-Term Tax Free Fund NEARX $2.21 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change