Shareholder Report
Apr. 30, 2026
USD ($)
Holding
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EuroPac International Value Fund (Class I/EPVIX) |
$73 | 1.38%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $203,697,809 |
| Total number of portfolio holdings | 44 |
| Portfolio turnover rate as of the end of the reporting period | 1% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| British American Tobacco PLC - ADR | 5.8% |
| Novo Nordisk A/S - ADR | 5.4% |
| Agnico Eagle Mines Ltd. | 5.1% |
| IAMGOLD Corp. | 5.0% |
| Evolution A.B. | 4.8% |
| Kinross Gold Corp. | 4.4% |
| Dassault Systemes S.E. | 4.4% |
| Newmont Corp. - CDI | 3.9% |
| Barrick Mining Corp. | 3.9% |
| Franco-Nevada Corp. | 3.4% |
Asset Allocation
Country Allocation
Top Ten Holdings
| British American Tobacco PLC - ADR | 5.8% |
| Novo Nordisk A/S - ADR | 5.4% |
| Agnico Eagle Mines Ltd. | 5.1% |
| IAMGOLD Corp. | 5.0% |
| Evolution A.B. | 4.8% |
| Kinross Gold Corp. | 4.4% |
| Dassault Systemes S.E. | 4.4% |
| Newmont Corp. - CDI | 3.9% |
| Barrick Mining Corp. | 3.9% |
| Franco-Nevada Corp. | 3.4% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EuroPac International Value Fund (Class A/EPIVX) |
$86 | 1.63%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $203,697,809 |
| Total number of portfolio holdings | 44 |
| Portfolio turnover rate as of the end of the reporting period | 1% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| British American Tobacco PLC - ADR | 5.8% |
| Novo Nordisk A/S - ADR | 5.4% |
| Agnico Eagle Mines Ltd. | 5.1% |
| IAMGOLD Corp. | 5.0% |
| Evolution A.B. | 4.8% |
| Kinross Gold Corp. | 4.4% |
| Dassault Systemes S.E. | 4.4% |
| Newmont Corp. - CDI | 3.9% |
| Barrick Mining Corp. | 3.9% |
| Franco-Nevada Corp. | 3.4% |
Asset Allocation
Country Allocation
Top Ten Holdings
| British American Tobacco PLC - ADR | 5.8% |
| Novo Nordisk A/S - ADR | 5.4% |
| Agnico Eagle Mines Ltd. | 5.1% |
| IAMGOLD Corp. | 5.0% |
| Evolution A.B. | 4.8% |
| Kinross Gold Corp. | 4.4% |
| Dassault Systemes S.E. | 4.4% |
| Newmont Corp. - CDI | 3.9% |
| Barrick Mining Corp. | 3.9% |
| Franco-Nevada Corp. | 3.4% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EuroPac International Bond Fund (Class A/EPIBX) |
$57 | 1.15%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $87,673,316 |
| Total number of portfolio holdings | 60 |
| Portfolio turnover rate as of the end of the reporting period | 7% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Fixed Income Securities of the Fund.
Top Ten Holdings
| Queensland Treasury Corp., 1.750%, 7/20/2034 | 4.2% |
| Colombia Government International Bond, 9.850%, 6/28/2027 | 3.5% |
| European Investment Bank, 6.950%, 3/1/2029 | 3.3% |
| Bonos de la Tesoreria de la Republica en pesos, 6.000%, 4/1/2033 | 3.3% |
| Republic of Poland Government Bond, 5.000%, 10/25/2035 | 3.0% |
| Philippine Government International Bond, 6.250%, 1/14/2036 | 2.9% |
| Malaysia Government Bond, 2.632%, 4/15/2031 | 2.8% |
| Inter-American Development Bank, 5.100%, 11/17/2026 | 2.7% |
| Mexican Bonos, 7.750%, 11/23/2034 | 2.7% |
| International Finance Corp., 0.000%, 5/20/2030 | 2.3% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Queensland Treasury Corp., 1.750%, 7/20/2034 | 4.2% |
| Colombia Government International Bond, 9.850%, 6/28/2027 | 3.5% |
| European Investment Bank, 6.950%, 3/1/2029 | 3.3% |
| Bonos de la Tesoreria de la Republica en pesos, 6.000%, 4/1/2033 | 3.3% |
| Republic of Poland Government Bond, 5.000%, 10/25/2035 | 3.0% |
| Philippine Government International Bond, 6.250%, 1/14/2036 | 2.9% |
| Malaysia Government Bond, 2.632%, 4/15/2031 | 2.8% |
| Inter-American Development Bank, 5.100%, 11/17/2026 | 2.7% |
| Mexican Bonos, 7.750%, 11/23/2034 | 2.7% |
| International Finance Corp., 0.000%, 5/20/2030 | 2.3% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EuroPac International Bond Fund (Class I/EPBIX) |
$45 | 0.90%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $87,673,316 |
| Total number of portfolio holdings | 60 |
| Portfolio turnover rate as of the end of the reporting period | 7% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Fixed Income Securities of the Fund.
Top Ten Holdings
| Queensland Treasury Corp., 1.750%, 7/20/2034 | 4.2% |
| Colombia Government International Bond, 9.850%, 6/28/2027 | 3.5% |
| European Investment Bank, 6.950%, 3/1/2029 | 3.3% |
| Bonos de la Tesoreria de la Republica en pesos, 6.000%, 4/1/2033 | 3.3% |
| Republic of Poland Government Bond, 5.000%, 10/25/2035 | 3.0% |
| Philippine Government International Bond, 6.250%, 1/14/2036 | 2.9% |
| Malaysia Government Bond, 2.632%, 4/15/2031 | 2.8% |
| Inter-American Development Bank, 5.100%, 11/17/2026 | 2.7% |
| Mexican Bonos, 7.750%, 11/23/2034 | 2.7% |
| International Finance Corp., 0.000%, 5/20/2030 | 2.3% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Queensland Treasury Corp., 1.750%, 7/20/2034 | 4.2% |
| Colombia Government International Bond, 9.850%, 6/28/2027 | 3.5% |
| European Investment Bank, 6.950%, 3/1/2029 | 3.3% |
| Bonos de la Tesoreria de la Republica en pesos, 6.000%, 4/1/2033 | 3.3% |
| Republic of Poland Government Bond, 5.000%, 10/25/2035 | 3.0% |
| Philippine Government International Bond, 6.250%, 1/14/2036 | 2.9% |
| Malaysia Government Bond, 2.632%, 4/15/2031 | 2.8% |
| Inter-American Development Bank, 5.100%, 11/17/2026 | 2.7% |
| Mexican Bonos, 7.750%, 11/23/2034 | 2.7% |
| International Finance Corp., 0.000%, 5/20/2030 | 2.3% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EP Emerging Markets Fund (Class I/EPEIX) |
$77 | 1.50%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $135,441,124 |
| Total number of portfolio holdings | 65 |
| Portfolio turnover rate as of the end of the reporting period | 2% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Samsung Electronics Co., Ltd. | 5.6% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3.8% |
| British American Tobacco PLC | 3.2% |
| Astra International Tbk P.T. | 3.2% |
| Telkom Indonesia Persero Tbk P.T. | 2.9% |
| B3 S.A. - Brasil Bolsa Balcao | 2.7% |
| Alibaba Group Holding Ltd. | 2.4% |
| Vale S.A. | 2.4% |
| Luzhou Laojiao Co., Ltd. - Class A | 2.2% |
| Saudi Arabian Oil Co. | 2.0% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Samsung Electronics Co., Ltd. | 5.6% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3.8% |
| British American Tobacco PLC | 3.2% |
| Astra International Tbk P.T. | 3.2% |
| Telkom Indonesia Persero Tbk P.T. | 2.9% |
| B3 S.A. - Brasil Bolsa Balcao | 2.7% |
| Alibaba Group Holding Ltd. | 2.4% |
| Vale S.A. | 2.4% |
| Luzhou Laojiao Co., Ltd. - Class A | 2.2% |
| Saudi Arabian Oil Co. | 2.0% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EP Emerging Markets Fund (Class A/EPASX) |
$90 | 1.75%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $135,441,124 |
| Total number of portfolio holdings | 65 |
| Portfolio turnover rate as of the end of the reporting period | 2% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Samsung Electronics Co., Ltd. | 5.6% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3.8% |
| British American Tobacco PLC | 3.2% |
| Astra International Tbk P.T. | 3.2% |
| Telkom Indonesia Persero Tbk P.T. | 2.9% |
| B3 S.A. - Brasil Bolsa Balcao | 2.7% |
| Alibaba Group Holding Ltd. | 2.4% |
| Vale S.A. | 2.4% |
| Luzhou Laojiao Co., Ltd. - Class A | 2.2% |
| Saudi Arabian Oil Co. | 2.0% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Samsung Electronics Co., Ltd. | 5.6% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | 3.8% |
| British American Tobacco PLC | 3.2% |
| Astra International Tbk P.T. | 3.2% |
| Telkom Indonesia Persero Tbk P.T. | 2.9% |
| B3 S.A. - Brasil Bolsa Balcao | 2.7% |
| Alibaba Group Holding Ltd. | 2.4% |
| Vale S.A. | 2.4% |
| Luzhou Laojiao Co., Ltd. - Class A | 2.2% |
| Saudi Arabian Oil Co. | 2.0% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EuroPac Gold Fund (Class A/EPGFX) |
$71 | 1.27%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $593,059,948 |
| Total number of portfolio holdings | 75 |
| Portfolio turnover rate as of the end of the reporting period | 6% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Sector Allocation exclude short-term holdings, if any. The Sector Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Agnico Eagle Mines Ltd. | 7.1% |
| Pan American Silver Corp. | 6.3% |
| Fortuna Silver Mines, Inc. | 5.8% |
| Barrick Mining Corp. | 5.0% |
| Franco-Nevada Corp. | 4.9% |
| Royal Gold, Inc. | 4.8% |
| Wheaton Precious Metals Corp. | 4.3% |
| Heliostar Metals Ltd. | 4.2% |
| AngloGold Ashanti Ltd. - ADR | 3.9% |
| Aurion Resources Ltd. | 3.8% |
Asset Allocation
Sector Allocation
Top Ten Holdings
| Agnico Eagle Mines Ltd. | 7.1% |
| Pan American Silver Corp. | 6.3% |
| Fortuna Silver Mines, Inc. | 5.8% |
| Barrick Mining Corp. | 5.0% |
| Franco-Nevada Corp. | 4.9% |
| Royal Gold, Inc. | 4.8% |
| Wheaton Precious Metals Corp. | 4.3% |
| Heliostar Metals Ltd. | 4.2% |
| AngloGold Ashanti Ltd. - ADR | 3.9% |
| Aurion Resources Ltd. | 3.8% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EuroPac Gold Fund (Class I/EPGIX) |
$57 | 1.02%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $593,059,948 |
| Total number of portfolio holdings | 75 |
| Portfolio turnover rate as of the end of the reporting period | 6% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Sector Allocation exclude short-term holdings, if any. The Sector Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Agnico Eagle Mines Ltd. | 7.1% |
| Pan American Silver Corp. | 6.3% |
| Fortuna Silver Mines, Inc. | 5.8% |
| Barrick Mining Corp. | 5.0% |
| Franco-Nevada Corp. | 4.9% |
| Royal Gold, Inc. | 4.8% |
| Wheaton Precious Metals Corp. | 4.3% |
| Heliostar Metals Ltd. | 4.2% |
| AngloGold Ashanti Ltd. - ADR | 3.9% |
| Aurion Resources Ltd. | 3.8% |
Asset Allocation
Sector Allocation
Top Ten Holdings
| Agnico Eagle Mines Ltd. | 7.1% |
| Pan American Silver Corp. | 6.3% |
| Fortuna Silver Mines, Inc. | 5.8% |
| Barrick Mining Corp. | 5.0% |
| Franco-Nevada Corp. | 4.9% |
| Royal Gold, Inc. | 4.8% |
| Wheaton Precious Metals Corp. | 4.3% |
| Heliostar Metals Ltd. | 4.2% |
| AngloGold Ashanti Ltd. - ADR | 3.9% |
| Aurion Resources Ltd. | 3.8% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EuroPac International Dividend Income Fund (Class I/EPDIX) |
$63 | 1.14%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $250,567,457 |
| Total number of portfolio holdings | 72 |
| Portfolio turnover rate as of the end of the reporting period | 7% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Vodafone Group PLC | 3.8% |
| British American Tobacco PLC - ADR | 3.5% |
| SK Telecom Co., Ltd. - ADR | 3.0% |
| Barrick Mining Corp. | 2.4% |
| Samsung Electronics Co., Ltd. - GDR | 2.2% |
| TotalEnergies S.E. - ADR | 2.2% |
| IAMGOLD Corp. | 2.0% |
| Nokia Oyj | 2.0% |
| Engie S.A. | 2.0% |
| Eni S.p.A. | 1.9% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Vodafone Group PLC | 3.8% |
| British American Tobacco PLC - ADR | 3.5% |
| SK Telecom Co., Ltd. - ADR | 3.0% |
| Barrick Mining Corp. | 2.4% |
| Samsung Electronics Co., Ltd. - GDR | 2.2% |
| TotalEnergies S.E. - ADR | 2.2% |
| IAMGOLD Corp. | 2.0% |
| Nokia Oyj | 2.0% |
| Engie S.A. | 2.0% |
| Eni S.p.A. | 1.9% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
Fund Expenses
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| EuroPac International Dividend Income Fund (Class A/EPDPX) |
$77 | 1.39%1 |
|
1
|
Annualized.
|
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $250,567,457 |
| Total number of portfolio holdings | 72 |
| Portfolio turnover rate as of the end of the reporting period | 7% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. The Top Ten Holdings and Country Allocation exclude short-term holdings, if any. The Country Allocation chart represents Common Stocks of the Fund.
Top Ten Holdings
| Vodafone Group PLC | 3.8% |
| British American Tobacco PLC - ADR | 3.5% |
| SK Telecom Co., Ltd. - ADR | 3.0% |
| Barrick Mining Corp. | 2.4% |
| Samsung Electronics Co., Ltd. - GDR | 2.2% |
| TotalEnergies S.E. - ADR | 2.2% |
| IAMGOLD Corp. | 2.0% |
| Nokia Oyj | 2.0% |
| Engie S.A. | 2.0% |
| Eni S.p.A. | 1.9% |
Asset Allocation
Country Allocation
Top Ten Holdings
| Vodafone Group PLC | 3.8% |
| British American Tobacco PLC - ADR | 3.5% |
| SK Telecom Co., Ltd. - ADR | 3.0% |
| Barrick Mining Corp. | 2.4% |
| Samsung Electronics Co., Ltd. - GDR | 2.2% |
| TotalEnergies S.E. - ADR | 2.2% |
| IAMGOLD Corp. | 2.0% |
| Nokia Oyj | 2.0% |
| Engie S.A. | 2.0% |
| Eni S.p.A. | 1.9% |
Changes in and Disagreements with Accountants
There were no changes in or disagreements with the Fund's accountants during the reporting period.
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