Top 10 Equity and Debt Holdings as of 9-30-2018
Holding Percentage Holding Percentage
Pacific Infrastructure, Inc. 6.03%   Maanshan Iron & Steel Co., Ltd. 1.70%
Interamerican Energy Corp. 3.66%   Ishihara Sangyo Kaisha, Ltd. 1.70%
Evraz PLC 1.83%   Anglo American PLC 1.68%
Sandfire Resources NL 1.74%   Sinopec Shanghai Petrochemical 1.66%
Salzgitter AG 1.70%   China Shenhua Energy Co., Ltd., H 1.66%
Industry Breakdown as of 9-30-2018
Sector Percentage Sector Percentage
Basic Materials 52.20%   Energy 19.08%
Industrials 11.34%   Financials 6.54%
Utilities 1.55%   Information Technology 0.51%
Consumer Staples 0.41%   Funds 0.04
Cash and Equivalents 8.33  
Regional Breakdown as of 9-30-2018
Region Percentage Region Percentage
Canada 22.54%   China 12.99%
United States 12.86%   Japan 8.00%
Australia 7.24%   Panama 3.67%
Germany 3.21%   Poland 3.18%
United Kingdom 1.98   Norway 1.61
Jersey 0.81   Other 13.58

Net Asset Value
as of 12/12/2018

Global Resources Fund PSPFX $4.59 0.03 Gold and Precious Metals Fund USERX $6.46 -0.01 World Precious Minerals Fund UNWPX $3.03 -0.02 China Region Fund USCOX $7.97 0.06 Emerging Europe Fund EUROX $6.18 -0.01 All American Equity Fund GBTFX $24.18 0.06 Holmes Macro Trends Fund MEGAX $18.17 0.13 Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change