EuroPac International Value Fund

Class Inst (EPVIX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 7.59 0.86 6.73
Stocks 0.4 0.0 0.4
Bonds 0.0 0.0 0.0
Other 0.0 0.0 0.0
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 92.86 0.0 92.86
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 05.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 05.31.2014

Ticker YTD Return % % Net Assets
Major Drilling Group International Inc MJDLF 5.81 3.55
Isuzu Motors Ltd ISUZF 13.84 3.51
Singapore Telecommunications Limited SNGNF 7.41 3.47
Fortum Oyj FOJCF 23.79 3.27
Newcrest Mining Ltd NCMGF 45.47 3.07
Tesco PLC TSCDF -9.15 3.02
Itochu Corp ITOCF 5.57 2.98
Royal Dutch Shell PLC Class A RYDAF 18.84 2.97
Telecom Corporation of New Zealand Ltd NZTCF 25.16 2.97
Statoil ASA STOHF 32.52 2.95