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 12/06/2019

Global Resources Fund PSPFX $4.40 0.05 Gold and Precious Metals Fund USERX $9.03 -0.25 World Precious Minerals Fund UNWPX $2.95 -0.03 China Region Fund USCOX $8.89 0.08 Emerging Europe Fund EUROX $7.38 0.05 All American Equity Fund GBTFX $25.87 0.26 Holmes Macro Trends Fund MEGAX $17.04 0.23 Near-Term Tax Free Fund NEARX $2.22 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change