Performance data quoted above is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any fees described in the fund’s prospectus (e.g. short-term trading fees) which, if applicable, would lower your total returns. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-USFUNDS, option 5.

Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Gold funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The price of gold is subject to substantial price fl uctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 3% to 5% of your portfolio in gold or gold stocks. Tax-exempt Income is federal income tax free. A portion of this income may be subject to state and local income taxes, and if applicable, may subject certain investors to the Alternative Minimum Tax as well. Bond funds are subject to interest-rate risk; their value declines as interest rates rise.

The Eastern European Fund ranked 26 out of 200, 1 out of 177 and 2 out of 140 Emerging Markets Funds for total return for the 1-, 3- and 5-year periods as of 6/30/06. The Global Resources Fund ranked 16 out of 101, 1 out of 74, 1 out of 69 and 12 out of 29 Natural Resources Funds for 1-, 3-, 5- and 10-year periods as of 6/30/06. The World Precious Minerals Fund ranked 3 out of 54, 1 out of 48, 1 out of 39 and 14 out of 24 Gold Oriented Funds for 1-, 3-, 5- and 10-year periods as of 6/30/06. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return and Preservation metrics over the past three years. The highest 20% of funds in each peer group are named Lipper Leaders, the next 20% receive a score of 2, the middle 20% are scored 3, the next 20% are scored 4, and the lowest 20% are scored 5. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperleaders.com. Lipper Leader Copyright 2004, Reuters, All Rights Reserved.