Top 10 Equity and Debt Holdings as of 09-30-2019
Holding Percentage Holding Percentage
Pacific Infrastructure Ventures, Inc. 5.36%   CF Industries Holdings, Inc. 2.26%
Gran Colombia Gold Corp. 2.74%   Royal Dutch Shell PLC 2.17%
Ivanhoe Mines, Ltd. 2.63%   Severstal PJSC 1.71%
LUKOIL PJSC 2.45%   Royal Road Minerals, Ltd. 1.70%
Lundin Gold, Inc. 2.39%   Eni SpA 1.68%
Industry Breakdown as of 09-30-2019
Sector Percentage Sector Percentage
Basic Materials 52.99%   Energy 28.04%
Financials 7.58%   Funds 3.48%
Industrials 2.26%   Information Technology 1.69%
Consumer Staples 1.32%   Utilities 0.98%
Consumer Discretionary 0.20%   Cash Equivalents 1.46%
Regional Breakdown as of 09-30-2019
Region Percentage Region Percentage
Canada 37.30%   United States 24.94%
Russian Federation 11.08%   Australia 7.39%
China 5.39%   Jersey 1.77%
United Kingdom 1.65%   Norway 0.91%
Brazil 0.69%   Other 8.88%

Net Asset Value
as of 01/21/2020

Global Resources Fund PSPFX $4.57 -0.04 Gold and Precious Metals Fund USERX $9.81 0.11 World Precious Minerals Fund UNWPX $3.32 0.02 China Region Fund USCOX $9.13 -0.47 Emerging Europe Fund EUROX $8.00 -0.02 All American Equity Fund GBTFX $26.60 -0.01 Holmes Macro Trends Fund MEGAX $17.31 -0.16 Near-Term Tax Free Fund NEARX $2.23 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change