- Choose A Fund
- Global Resources Fund
- Gold and Precious Metals Fund
- World Precious Minerals Fund
- China Region Fund
- Eastern European Fund
- Global Emerging Markets Fund
- Global MegaTrends Fund
- All American Equity Fund
- Holmes Growth Fund
- Tax Free Fund
- Near-Term Tax Free Fund
- US Gov't Savings Fund
- US Treasury Securities Cash Fund
Holmes Growth Fund
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Fourth Quarter 2011The Holmes Growth Fund had positive performance for the quarter, although it underperformed its benchmark, the S&P Composite 1500 Index. The best-performing sectors were energy, industrials and materials. The best-performing industries were tire and rubber, real estate development, and building products. The worst-performing sectors were telecommunication services, utilities and technology. The worst-performing industries were photographic products, internet retail and aluminum.
Fund investments in the technology and energy sectors provided positive contributions relative to the S&P 1500. Defensive option strategies such as covered call writing also positively contributed to fund performance. The health care, consumer discretion and materials sectors detracted from relative performance. The fund’s cash position was also a drag on relative performance. The investment team will continue to adhere to our model of looking for companies with revenue and earnings growth as well as strong returns on capital. There should be several new companies to invest in as earnings are reported and this also affords the team the opportunity to move into stronger names and out of weaker ones. Past performance does not guarantee future results. The S&P 1500 Composite is a broad-based capitalization-weighted index of 1500 U.S. companies and is comprised of the S&P 400, S&P 500, and the S&P 600. The index was developed with a base value of 100 as of December 30, 1994. |
Net Asset Value
as of 02/03/2012
- Global Resources Fund
PSPFX $10.26 +0.13 - Gold and Precious Metals Fund
USERX $14.05 -0.21 - World Precious Minerals Fund
UNWPX $14.94 -0.13 - China Region Fund
USCOX $7.76 +0.03 - Eastern European Fund
EUROX $9.13 +0.08 - Global Emerging Markets Fund
GEMFX $7.60 +0.05 - Global MegaTrends Fund
MEGAX $8.22 +0.08 - All American Equity Fund
GBTFX $24.12 +0.25 - Holmes Growth Fund
ACBGX $18.86 +0.24 - Tax Free Fund
USUTX $12.81 -0.03 - Near-Term Tax Free Fund
NEARX $2.28 No Change - U.S. Government Securities Savings Fund
UGSXX $1.00 No Change - U.S. Treasury Securities Cash Fund
USTXX $1.00 No Change

