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Welcome to
U.S. Global Investors

Frank Holmes

Dear Investor,

Thank you for your interest in the Holmes Growth Fund. The stock market is becoming more complex every day and investors are finding it more time consuming to evaluate news and information to make sound investment decisions.

By investing in the Holmes Growth Fund, you have professionals working for you, analyzing the markets and making the difficult day-to-day decisions. The fund was designed to operate in accordance with the investment strategies Frank Holmes and previous manager Art Bonnel have found successful over the long term.

The Holmes Growth Fund seeks long-term growth of capital by investing in a diversified portfolio of common stocks. The fund invests in companies of all sizes; however, it focuses on companies with market capitalizations of less than $10 billion at the time of initial purchase. Please keep in mind that the stocks of mid-size companies may be more volatile than the stocks of larger companies and may have less growth potential than the stocks of smaller companies.

Everything you need to open an account in the Holmes Growth Fund is inside this booklet. In three easy steps you can become a fund shareholder. Simply:

  1. Review the enclosed investor’s guide and prospectus carefully;
  2. Complete the enclosed new account application; and
  3. Mail the application with your check in the postage-paid envelope.

If there is anything we can do to help you with this investment decision, please call our Investment Center at 1-800-US-FUNDS (1-800-873-8637). An investor representative will be happy to answer your questions or provide additional information.

I look forward to welcoming you as a fellow shareholder.

Sincerely,

Frank Holmes

Frank Holmes
CEO & Chief Investment Officer

Please consider carefully the fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.

Not part of prospectus

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