Quarterly Returns

Annualized Quarterly Returns as of 03/31/2017
Fund Inception
Date
YTD 1
Year
5
Year
10
Year
Since
Inception
Gross
Expense
Ratio
Global Resources Fund (PSPFX) 8/3/1983 4.00% 12.00% -9.60% -4.53% 3.35% 1.85%
Gold and Precious Metals Fund (USERX) 7/1/1974 8.10% 17.85% -8.96% -2.01% -0.09% 1.86%
World Precious Minerals Fund (UNWPX) 11/27/1985 5.51% 32.10% -11.01% -4.92% 3.52% 2.10%
China Region Fund (USCOX) 2/10/1994 15.44% 19.05% 2.95% 0.38% 1.00% 2.76%
Emerging Europe Fund (EUROX) 3/31/1997 2.86% 7.19% -6.71% -6.76% 6.09% 2.33%
All American Equity Fund (GBTFX) 3/4/1981 3.74% 2.38% 6.64% 4.15% 6.71% 1.76%
Holmes Macro Trends Fund (MEGAX) 10/17/1994 2.14% 14.88% 6.07% 3.50% 7.99% 1.68%
Near-Term Tax Free Fund (NEARX) 12/4/1990 0.75% -0.08% 1.44% 2.68% 3.90% 0.97%
U.S. Government Securities Ultra-Short Bond Fund (UGSDX) 11/1/1990 0.13% -0.02% 0.26% 0.67% 2.77% 1.00%
Fund
 
Inception Date
 
1 Month YTD 1 Year 5 Year Since
Inception*
Gross
Expense
Ratio
Global Resources Fund Inst Cl 03/01/2010 -3.02% 4.00% 12.23% -9.06% -3.88% 5.41%
World Precious Minerals Fund Inst Cl 03/01/2010 -4.94% 5.49% 32.85% -10.61% -7.60% 2.71%

Expense ratios as stated in the most recent prospectus.

The Adviser of the World Precious Minerals Fund has voluntarily limited total fund operating expenses (exclusive of acquired fund fees and expenses of 0.11%, extraordinary expenses, taxes, brokerage commissions and interest, and advisory fee performance adjustments) to not exceed 1.90%. With the voluntary expense waiver amount of 0.04%, total annual expenses after reimbursement were 1.95%.

The Adviser of the China Region Fund has voluntarily limited total fund operating expenses (exclusive of acquired fund fees and expenses of 0.02%, extraordinary expenses, taxes, brokerage commissions and interest, and advisory fee performance adjustments) to not exceed 2.55%. With the voluntary expense waiver amount of 0.38%, total annual expenses after reimbursement were 2.36%.

The Adviser of the Near-Term Tax Free Fund has contractually limited, through April 30, 2018, the total fund operating expenses (exclusive of acquired fund fees and expenses, extraordinary expenses, taxes, brokerage commissions and interest) to not exceed 0.45%. Total annual expenses after the waiver of 0.52% were 0.45%.

The Adviser of the U.S. Government Securities Ultra-Short Bond Fund has voluntarily limited total fund operating expenses (exclusive of acquired fund fees and expenses, extraordinary expenses, taxes, brokerage commissions and interest) to not exceed 0.45%. With the voluntary expense waiver amount of 0.55%, total annual expenses after reimbursement were 0.45%.

Pursuant to a voluntary arrangement, the Adviser has agreed to waive all class specific expenses of World Precious Minerals Fund (Institutional Class). The expense waiver is exclusive of performance fees, acquired fund fees and expenses of 0.11%, extraordinary expenses, taxes, brokerage commissions and interest. With the voluntary expense waiver of 1.33%, total annual expenses after reimbursement were 1.27%.

Pursuant to a voluntary arrangement, the Adviser has agreed to waive all class specific expenses of Global Resources Fund (Institutional Class). The expense waiver is exclusive of performance fees, acquired fund fees and expenses, extraordinary expenses, taxes, brokerage commissions and interest. With the voluntary expense waiver of 4.05%, total annual expenses after reimbursement were 1.36%.

U.S. Global Investors, Inc. can modify or terminate the voluntary limits at any time, which may lower a fund’s yield or return.

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 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. High double-digit returns are attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future.

Net Asset Value
as of 05/26/2017

Global Resources Fund PSPFX $5.38 0.03 Gold and Precious Metals Fund USERX $7.05 0.01 World Precious Minerals Fund UNWPX $6.29 0.06 China Region Fund USCOX $8.92 -0.01 Emerging Europe Fund EUROX $6.37 -0.02 All American Equity Fund GBTFX $24.22 -0.03 Holmes Macro Trends Fund MEGAX $19.38 0.06 Near-Term Tax Free Fund NEARX $2.23 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change