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Total Annualized Returns as of 6/30/06 1-Year 3-Year 5-Year 10-Year
Global Resources Fund (PSPFX) 48.91% 58.06% 38.89% 15.27%

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Morningstar 3-year and 5-year Ratings™. Among 96, 96, 83 and 38 Specialty-Natural Resource funds, the Global Resources Fund earned 4 stars, 5 stars, 5 stars and 3 stars for the overall, 3-, 5- and 10-year periods ending 6/30/06. Ratings are based on risk-adjusted return. The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance does not guarantee future results.

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-US-FUNDS, option 5. Please keep in mind that high double-digit and triple-digit returns are highly unusual and cannot be sustained. Recent returns were achieved during favorable market conditions, especially within the natural resource sector. 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.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. 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.)

Holdings in the Global Resources Fund as a percentage of net assets as of 6/30/06: Sinopec: (0.00%); PetroKazakhstan: (0.00%); Petro-Canada: (1.00%); Omimex de Columbia: (0.00%); Unocal: (0.00%); Occidental Petroleum: (0.00%); Oil Capital: (0.00%); Burun Oil: (0.00%); Sasol: (0.00%); Petrochina: (0.68%); Royal Dutch Shell: (0.00%); EnCana: (1.71%); Repsol: (0.00%); Petrobras: (2.23%); Valero: (1.98%); Tesoro: (0.58%); Canadian Oil Sands Trust: (1.33%); and Guinness Atkinson Global Energy Fund: (0.00%).

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