Top 10 Holdings as of 03-31-2017
Holding Percentage Holding Percentage
Sberbank of Russia PJSC 9.72%   Arcelik AS 1.53%
LUKOIL PJSC 7.20%   Hellenic Telecommunications Or 1.49%
Gazprom PJSC 6.54%   Lubelski Wegiel Bogdanka SA 1.41%
Direxion Daily Russia Bull 3x 3.37%   Budimex SA 1.40%
Aeroflot PJSC 1.62%   Inter RAO UES PJSC 1.40%
Industry Breakdown as of 03-31-2017
Sector Percentage Sector Percentage
Energy 23.69%   Financials 18.67%
Industrials 13.84%   Materials 10.90%
Consumer Discretionary 8.65%   Telecommunication Services 6.64%
Funds 4.68%   Information Technology 3.56%
Consumer Staples 2.81%   Utilities 2.11%
Regional Breakdown as of 03-31-2017
Region Percentage Region Percentage
Russian Federation 37.17%   Turkey 15.83%
Poland 14.24%   Greece 7.54%
Austria 6.50%   Hungary 3.49%
Cyprus 2.09%   Czech Republic 1.95%
Germany 1.65%   Romania 1.58%

Net Asset Value
as of 05/19/2017

Global Resources Fund PSPFX $5.38 0.03 Gold and Precious Metals Fund USERX $7.10 -0.02 World Precious Minerals Fund UNWPX $6.27 No Change China Region Fund USCOX $8.75 0.06 Emerging Europe Fund EUROX $6.38 0.11 All American Equity Fund GBTFX $24.02 0.14 Holmes Macro Trends Fund MEGAX $19.07 0.13 Near-Term Tax Free Fund NEARX $2.23 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change