Under normal market conditions, the fund invests at least 80% of its net assets in investment grade municipal securities whose interest is free from federal income tax, including the federal alternative minimum tax. It will maintain a weighted-average portfolio maturity of five years or less. Although the advisor intends to invest the majority of its assets in tax free securities, the fund may invest up to 20% of its assets in securities that pay taxable interest.

Nasdaq

NEARX

Under normal market conditions, the fund will invest at least 80% of its net assets in equity and equity-related securities of companies involved in the natural resources industries, which include, among others, the following industries: natural gas, integrated oil companies, hard rock or oil and gas drilling, oil and gas exploration and production, oil and gas refining, oilfield equipment/services, aluminum, chemicals, base metals and specialty minerals, gold and precious metals, iron and steel, paper and forest products, etc.

PSPFX

The fund invests at least 80% of its net assets in United States Treasury debt securities and obligations of agencies and instrumentalities of the United States, including repurchase agreements collateralized with such securities.

UGSDX

Under normal market conditions, the fund will invest at least 80% of its net assets in equity and equity-related securities of companies principally engaged in the exploration for, or mining and processing of, precious stones and minerals, including but not limited to, gold, silver, platinum group, palladium, rare earth minerals, and diamonds. The fund also may purchase call and put options, and enter into covered option writing transactions. In addition, the fund may invest up to 15% of its net assets in illiquid securities. It is non-diversified.

UNWPX

Under normal market conditions, the fund will invest at least 80% of its net assets in equity and equity-related securities of companies principally involved in the mining, fabrication, processing, marketing or distribution of precious metals including gold, silver, platinum group, palladium, as well as diamonds. The fund may also short positions in the fund's portfolio that are considered by the Adviser to be overvalued in an effort to realize a valuation discrepancy.

USERX

The mutual fund primarily focuses on investing in companies involved in luxury products and services globally, including emerging markets and the U.S. It may also include fixed-income securities of various credit qualities and maturities in its portfolio.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
NEARX	U.S. Global Investors Near-Term Tax Free Fund	Municipal Bonds	Dec 3, 1990	0.45%	-0.09%	1.01%	2.26%	64
PSPFX	U.S. Global Investors Global Resources Fund	Energy Equities	Aug 2, 1983	1.54%	5.05%	9.17%	0.79%	97
UGSDX	U.S. Global Investors U.S. Government Ultra-Short ...	Ultrashort Bond	Dec 2, 2013	1.06%	0.53%	1.50%	3.35%	—
UNWPX	U.S. Global Investors World Precious Minerals Fund	Precious Metals	Nov 26, 1985	1.53%	-6.08%	6.60%	6.34%	90
USERX	U.S. Global Investors Gold & Precious Metals Fund	Precious Metals	Jun 30, 1974	1.52%	-3.65%	17.26%	3.06%	91
USLUX	U.S. Global Investors Global Luxury Goods Fund	Consumer Discretionary Equities	May 2, 1995	1.55%	-13.20%	8.72%	9.08%	10

US Global Mutual Funds List

Risk vs. Return Scatterplot