Two recent studies suggest that no-load funds – those that do not include a sales charge – perform better than load funds.
A Pace University study found that the average no-load fund outperformed the
average load fund by about 60 basis points a year for a five-year period ending in
December 1997, when the sales charge is factored into the calculation.
Pace Univesity’s study supports University of Southern
California’s study that made similar conclusions after
tracking the performance of domestic diversified stock
funds for the 30 year period ending December 1993.
If you have any questions regarding U.S. Global
Investors family of 13 no-load mutual funds,
please call an investor representative at 1-800-US-FUNDS
or e-mail us at shsvc@usfunds.com
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Investment Professionals 