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Ticker Symbol USERX Fund Name Gold and Precious Metals Fund Category Gold Oriented Current NAV $ 13.91 as of 8/7/2008 NAV Change -0.09  Assets $257.1 m as of 6/30/08 Fund Performance Total Annualized Returns as of June 30, 2008   1-year 5-year 10-year Gross Expense Ratio Gold and Precious Metals Fund 33.49% 31.53% 18.30% 1.33% S&P 500 Index -13.12% 7.58% 2.88% n/a Gross expense ratio as stated in the most recent prospectus. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. 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 direct fees described in the fund’s prospectus (e.g., short-term trading fees, if applicable, of 0.50%) 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-US-FUNDS. High double-digit returns are attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future. The chart illustrates the performance of a hypothetical $10,000 investment made in the fund during the depicted time frame. Figures include reinvestment of capital gains and dividends, but the performance does not include the effect of any direct fees described in the fund’s prospectus (e.g. short-term trading fees) which, if applicable, would lower your total returns. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. Featured Reports & News Articles News Articles Archive As Recommended in Money and Markets - 5/29/08 VIEW ARTICLE As Recommended in Money and Markets - 5/8/08 VIEW ARTICLE As recommended in Money and Markets - 5/1/08 VIEW ARTICLE VIEW INTERACTIVE CHART Secular Bull Market in Commodities VIEW PRESENTATION January Effect? Why are commodities so strong? LISTEN TO PODCAST (10.8 MB MP3) VIEW WEBCAST Interested in a FREE LIFETIME IRA? Click here. VIEW ARTICLE NAV Chart Click here for dividends. Average Annual Total Returns Month End 7/31/2008 Quarter End 6/30/2008 1 Year 15.65 % 33.49 % 3 Years 32.92 % 38.15 % 5 Years 27.42 % 31.53 % 10 Years 16.96 % 18.30 % Since Inception 1.00 % 1.32 % Inception Date 7/1/1974 Gross Expense Ratio 1.33% Capped Expense Ratio n/a Gross expense ratio as stated in the most recent prospectus. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. 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 direct fees described in the fund’s prospectus (e.g., short-term trading fees, if applicable, of 0.50%) 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-US-FUNDS. High double-digit and triple-digit returns are attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future. Initial Investment Requirements To Open an Account $5,000 To Open an IRA Account no minimum To Open a Business Account $5,000 To Open a Trust Account $5,000 UGMA/UTMA $50 ABC Investment Plan $100 with regular $50 per month subsequent investments.

Disclosure
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.

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 fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in gold or gold stocks.

A program of regular investing doesn’t assure a profit or protect against loss in a declining market. You should evaluate your ability to continue in such a program in view of the possibility that you may have to redeem fund shares in periods of declining share prices as well as in periods of rising prices.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)