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Global Resources Fund (PSPFX) Investment Model

Please note: The articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

April 25, 2018

In this brief video, Frank Holmes, CEO and chief investment officer of U.S. Global Investors, and Samuel Pelaez, chief investment officer at Galileo Global Equity Advisors, discuss the Global Resources Fund (PSPFX) investment model and research strategies. Watch and listen as they outline six factors used to determine which 50 stocks comprise the fund, highlighting the importance of each one.

To hear about the fund straight from Frank and Samuel, watch the video below.

To learn more about the Global Resources Fund (PSPFX), visit the fund overview page here.

 

Please consider carefully a 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. Foreside Fund Services, LLC, Distributor. U.S. Global Investors is the investment adviser.

Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Because the Global Resources Fund concentrates its investments in specific industries, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries.

U.S. Global Investors owns a 65% interest in Galileo Global Equity Advisors. The mutual fund mentioned in this piece is open to U.S. investors only.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

Free cash flow (FCF) is a measure of a company's financial performance, calculated as operating cash flow minus capital expenditures. FCF represents the cash that a company is able to generate after spending the money required to maintain or expand its asset base.

Return on invested capital (ROIC) is a calculation used to assess a company’s efficiency at allocating the capital under its control to profitable investments.

EBITDA refers to a company’s earnings before interest, taxes, depreciation and amortization.

Enterprise value is calculated as the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents.

Net Asset Value
as of 08/15/2018

Global Resources Fund PSPFX $5.37 -0.17 Gold and Precious Metals Fund USERX $6.60 -0.37 World Precious Minerals Fund UNWPX $3.38 -0.12 China Region Fund USCOX $8.98 -0.36 Emerging Europe Fund EUROX $6.22 -0.07 All American Equity Fund GBTFX $25.96 -0.19 Holmes Macro Trends Fund MEGAX $19.90 -0.10 Near-Term Tax Free Fund NEARX $2.20 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change