Third Quarter 2016
The Holmes Macro Trends Fund appreciated 6.31 percent in the third quarter of 2016, outperforming its benchmark, the S&P Composite 1500 Index, which returned 3.98 percent. Overall, smaller companies and growth-oriented stocks underperformed. See complete fund performance here.
Past performance does not guarantee future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
The S&P 1500 Composite Index 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.
ISM Non-manufacturing Index is an index based on surveys of more than 400 non-manufacturing firms' purchasing and supply executives, within 60 sectors across the nation, by the Institute of Supply Management (ISM). The ISM Non-Manufacturing Index tracks economic data, like the ISM Non-Manufacturing Business Activity Index. A composite diffusion index is created based on the data from these surveys, that monitors economic conditions of the nation.
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Holmes Macro Trends Fund as a percentage of net assets as of 9/30/2016: LogMeIn Inc. 2.87%, Universal Health Services Inc. 0.00%, Trex Co. Inc. 2.95%, Texas Roadhouse Inc. 1.99%, Allegiant Travel Co. 2.16%, Manhattan Associates Inc. 2.37%, The Home Depot Inc. 1.98%, Aetna Inc. 0.00%, Anthem Inc. 0.00%, Cigna Corp. 0.00%, Humana Inc. 0.00%.
Holmes Macro Trends Fund (MEGAX)
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- Global Resources Fund (PSPFX)
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- World Precious Minerals Fund (UNWPX)
- China Region Fund (USCOX)
- Emerging Europe Fund (EUROX)
- All American Equity Fund (GBTFX)
- Holmes Macro Trends Fund (MEGAX)
- Near-Term Tax Free Fund (NEARX)
- U.S. Government Securities Ultra-Short Bond Fund (UGSDX)
as of 01/18/2017
Change: $ 0.02
Inception Date: 10/17/1994
Lipper Fund Category: Mid-Cap Growth
AUM: $40.71 M as of 12-31-2016
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