Polaris Global Value Fund

 

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TOP HOLDINGS

largest equity holdings as of 12/31/2009

issuerpercentage
Barratt Developments PLC2.80%
Technip SA2.36%
Kone Oyj, Class B2.34%
BHP Billiton, Ltd., ADR2.19%
Greencore Group PLC2.14%
Persimmon PLC2.10%
Trevi Finanziaria SpA1.98%
Mac-Gray Corp.1.95%
Methanex Corp.1.94%
Taylor Wimpey PLC1.93%

The Fund's 10 Largest Equity Positions are as of 12/31/2009 and represent
approximately 21.73% of the Fund's equity holdings.

country allocations as of 12/31/2009

countrypercentage
United States31 %
United Kingdom9 %
Germany8 %
Japan7 %
Finland6 %
Ireland6 %
Sweden6 %
France5 %
South Korea3 %
Other19 %


industry allocations as of 12/31/2009

industrypercentage
Industrials21 %
Financials19 %
Materials16 %
Consumer Discretionary13 %
Consumer Staples8 %
Energy7 %
Health Care7 %
Utilities4 %
Telecommunication Services3 %
Information Technology2 %

      Equity holdings, country allocations and industry allocations are subject to change.


www.polarisfunds.com  |  po box 588, portland, maine 04112  |  (888) 263-5594   |  ticker: PGVFX

The Fund invests in securities of foreign issuers, including issuers located in countries with emerging capital markets. Investments in such securities entail certain risks not associated with investments in domestic securities, such as volatility of currency exchange rates, and in some cases, political and economic instability and relatively illiquid markets. This Web site is not a solicitation for the Fund outside of the United States. There is no guarantee that the Fund will achieve its investment objective. For more complete information about the Fund, including fees and expenses, download a prospectus. Please read it carefully before you invest or send money. Foreside Fund Services, LLC, distributor.(www.foresides.com). ©2009 Polaris Capital Management, LLC. All rights reserved.