Month End Returns

Month End Average Annual Total Returns as of 10/31/2014
Fund Inception
Date
One Month
Return
YTD 1
Year
5
Year
10
Year
Since
Inception
Gross
Expense
Ratio
Expense
Ratio
After Waivers
Global Resources Fund (PSPFX) 8/3/1983 -8.10% -11.54% -13.15% 2.88% 6.72% 4.85% 1.59% n/a
Gold and Precious Metals Fund (USERX) 7/1/1974 -16.61% -14.67% -25.58% -14.31% 0.48% -1.07% 2.12% 2.06%
World Precious Minerals Fund (UNWPX) 11/27/1985 -17.85% -16.70% -26.17% -16.42% -2.11% 2.24% 1.85% 1.83%
China Region Fund (USCOX) 2/10/1994 4.50% -1.81% 5.85% 1.27% 5.79% 0.86% 2.75% 2.38%
Emerging Europe Fund (EUROX) 3/31/1997 -2.26% -16.55% -19.61% -2.08% 2.36% 7.88% 2.13% n/a
All American Equity Fund (GBTFX) 3/4/1981 0.88% 2.77% 8.33% 14.35% 7.73% 7.25% 2.44% 2.16%
Holmes Macro Trends Fund (MEGAX) 10/17/1994 -1.19% -3.84% 2.09% 11.65% 5.89% 8.64% 2.00% 1.96%
Near-Term Tax Free Fund (NEARX) 12/4/1990 0.58% 3.25% 3.16% 2.85% 3.01% 4.23% 1.21% 0.45%
U.S. Government Securities Ultra-Short Bond Fund (UGSDX) 11/1/1990 0.03% 0.29% 0.30% 0.07% 1.43% 3.01% 0.97% 0.45%
Fund
 
Inception Date
 
1 Month
%
YTD
%
1 Year
%
5 Year
 
Since
Inception*
%
Gross
Expense
Ratio
%
Expense
Ratio
After
Waivers
%
Global Resources Fund Inst Cl 03/01/2010 -8.01% -11.08% -12.65% N/A 1.67% 1.25% 1.03%
World Precious Minerals Fund Inst Cl 03/01/2010 -17.79% -16.78% -26.20% N/A -19.60% 3.30% 1.33%

Expense ratios as stated in the most recent prospectus. For the Institutional Class shares, the expense ratio after waivers is a voluntary arrangement pursuant to which U.S. Global Investors, Inc. has agreed to waive all class-specific expenses. For the Investor Class shares, the expense ratio after waivers is a contractual limit through December 31, 2014, for the Near-Term Tax Free Fund, and a voluntary limit for all other funds, on total fund operating expenses. Each expense waiver is exclusive of performance fees, acquired fund fees and expenses, extraordinary expenses, taxes, brokerage commissions and interest. U.S. Global Investors, Inc. can modify or terminate the voluntary limits at any time, which may lower a fund’s yield or return. U.S. Global Investors, Inc. can modify or terminate the voluntary limits at any time, which may lower a fund’s yield or return. In addition, the yields and returns for the U.S. Government Securities Ultra-Short Bond Fund include the effects of additional voluntary waivers of fees and reimbursements of expenses by the Adviser, including waivers and reimbursements to maintain a minimum net yield for the fund. The Adviser can modify or terminate these arrangements at any time. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. For a portion of periods, the fund had expense limitations, without which returns would have been lower. 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 of 0.05%) which, if applicable, would lower your total returns. Performance quoted for periods of one year or less is cumulative and not annualized. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS.

Net Asset Value
as of 11/20/2014

Global Resources Fund PSPFX $8.17 0.16 Gold and Precious Metals Fund USERX $5.60 0.11 World Precious Minerals Fund UNWPX $5.03 0.07 China Region Fund USCOX $8.01 No Change Emerging Europe Fund EUROX $7.37 0.04 All American Equity Fund GBTFX $33.10 0.10 Holmes Macro Trends Fund MEGAX $23.23 0.09 Near-Term Tax Free Fund NEARX $2.26 No Change China Region Fund USCOX $8.01 No Change