Quarterly Returns

Annualized Quarterly Returns as of 09/30/2016
Fund Inception
Global Resources Fund (PSPFX) 8/3/1983 22.46% 26.80% -6.26% -2.90% 3.48% 1.58% n/a
Gold and Precious Metals Fund (USERX) 7/1/1974 94.68% 99.27% -6.57% 0.75% 0.42% 2.20% 1.90%
World Precious Minerals Fund (UNWPX) 11/27/1985 145.88% 151.98% -6.49% -0.75% 4.55% 2.01% 1.90%
China Region Fund (USCOX) 2/10/1994 5.13% 8.53% 3.00% 1.38% 0.65% 3.08% 2.55%
Emerging Europe Fund (EUROX) 3/31/1997 5.96% 2.23% -5.77% -5.54% 5.69% 2.61% n/a
All American Equity Fund (GBTFX) 3/4/1981 -1.78% 1.18% 10.31% 4.65% 6.65% 1.94% n/a
Holmes Macro Trends Fund (MEGAX) 10/17/1994 1.45% 5.66% 8.57% 3.42% 7.74% 1.81% n/a
Near-Term Tax Free Fund (NEARX) 12/4/1990 0.98% 1.26% 1.80% 2.88% 4.01% 1.09% 0.45%
U.S. Government Securities Ultra-Short Bond Fund (UGSDX) 11/1/1990 0.83% 0.43% 0.31% 0.93% 2.83% 1.13% 0.45%
Inception Date
1 Month YTD 1 Year 5 Year Since
Global Resources Fund Inst Cl 03/01/2010 2.83% 22.78% 27.56% -5.68% -3.84% 1.35% 0.74%
World Precious Minerals Fund Inst Cl 03/01/2010 7.53% 146.58% 153.42% -6.06% -4.10% 20.56% 1.20%

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 cap is a contractual limit through April 30, 2017, for the Near-Term Tax Free Fund, and a voluntary limit for all other funds, on total fund operating expenses. Each expense cap and waiver is exclusive of performance fees, acquired fund fees and expenses, extraordinary expenses, taxes, brokerage commissions and interest. U.S. Global Investors, Inc. (the "Adviser") 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 may 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 12/01/2016

Global Resources Fund PSPFX $5.44 -0.01 Gold and Precious Metals Fund USERX $7.26 -0.06 World Precious Minerals Fund UNWPX $6.47 -0.02 China Region Fund USCOX $7.80 -0.03 Emerging Europe Fund EUROX $5.54 No Change All American Equity Fund GBTFX $23.09 -0.03 Holmes Macro Trends Fund MEGAX $19.83 -0.07 Near-Term Tax Free Fund NEARX $2.20 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change