U.S. Global Investors Near-Term Tax Free Fund (NEARX)
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.
Fund Info
| ISIN | US9114768511 |
|---|---|
| CUSIP | 911476851 |
| Issuer | U.S. Global Investors |
| Inception Date | Dec 3, 1990 |
| Category | Municipal Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
NEARX features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in U.S. Global Investors Near-Term Tax Free Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
U.S. Global Investors Near-Term Tax Free Fund had a return of 2.14% year-to-date (YTD) and 4.42% in the last 12 months. Over the past 10 years, U.S. Global Investors Near-Term Tax Free Fund had an annualized return of 0.84%, while the S&P 500 had an annualized return of 10.85%, indicating that U.S. Global Investors Near-Term Tax Free Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.14% | 17.79% |
| 1 month | 0.69% | 0.18% |
| 6 months | 2.20% | 7.53% |
| 1 year | 4.42% | 26.42% |
| 5 years (annualized) | 0.53% | 13.48% |
| 10 years (annualized) | 0.84% | 10.85% |
Monthly Returns
The table below presents the monthly returns of NEARX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.21% | -0.27% | 0.18% | -0.27% | 0.20% | 0.67% | 0.71% | 0.21% | 2.14% | ||||
| 2023 | 0.65% | -0.79% | 1.10% | -0.33% | -0.32% | 0.64% | -0.32% | 0.17% | -0.32% | 0.84% | 1.34% | 0.36% | 3.04% |
| 2022 | -1.75% | -0.39% | -1.78% | -1.34% | 1.02% | -0.42% | 1.47% | -1.34% | -1.83% | 0.11% | 0.64% | 0.33% | -5.23% |
| 2021 | 0.07% | -0.81% | 0.10% | 0.53% | -0.38% | 0.07% | 0.52% | 0.07% | -0.82% | 0.07% | 0.07% | 0.06% | -0.46% |
| 2020 | 0.99% | 0.54% | -1.21% | -0.35% | 1.91% | -0.36% | 0.53% | 0.08% | 0.08% | -0.35% | 0.53% | 0.53% | 2.93% |
| 2019 | 0.09% | 0.09% | 0.55% | -0.35% | 0.56% | 0.10% | 0.56% | 0.55% | -0.35% | 0.12% | 0.12% | 0.13% | 2.19% |
| 2018 | -0.35% | 0.11% | -0.37% | 0.11% | 0.09% | 0.55% | 0.10% | -0.36% | 0.94% | -0.35% | 0.57% | 0.55% | 1.57% |
| 2017 | 0.54% | 0.11% | 0.11% | 0.10% | 0.55% | -0.35% | 0.55% | 0.07% | 0.10% | -0.35% | -0.80% | 0.59% | 1.20% |
| 2016 | 0.55% | 0.17% | -0.34% | 0.09% | 0.10% | 0.55% | 0.11% | 0.10% | -0.34% | -0.33% | -1.67% | 0.58% | -0.46% |
| 2015 | 0.59% | -0.35% | 0.15% | 0.13% | -0.31% | 0.15% | 0.11% | 0.13% | 0.70% | 0.12% | 0.10% | 0.10% | 1.63% |
| 2014 | 0.67% | 0.63% | -0.22% | 0.62% | 0.62% | 0.18% | -0.22% | 0.62% | -0.26% | 0.58% | 0.13% | -0.30% | 3.09% |
| 2013 | 0.18% | 0.13% | 0.18% | 0.62% | -0.70% | -1.20% | 0.22% | -0.32% | 0.63% | 0.67% | -0.31% | 1.87% | 1.96% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NEARX is 77, placing it in the top 23% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for U.S. Global Investors Near-Term Tax Free Fund (NEARX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
U.S. Global Investors Near-Term Tax Free Fund granted a 2.87% dividend yield in the last twelve months. The annual payout for that period amounted to $0.06 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.06 | $0.05 | $0.02 | $0.02 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.05 | $0.08 |
Dividend yield | 2.87% | 2.50% | 1.12% | 0.88% | 1.10% | 1.25% | 2.01% | 1.20% | 1.36% | 1.62% | 2.15% | 3.72% |
Monthly Dividends
The table displays the monthly dividend distributions for U.S. Global Investors Near-Term Tax Free Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2014 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.04 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the U.S. Global Investors Near-Term Tax Free Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the U.S. Global Investors Near-Term Tax Free Fund was 6.89%, occurring on Sep 27, 2022. The portfolio has not yet recovered.
The current U.S. Global Investors Near-Term Tax Free Fund drawdown is 0.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.89% | Sep 23, 2021 | 255 | Sep 27, 2022 | — | — | — |
| -6.2% | Mar 10, 2020 | 9 | Mar 20, 2020 | 90 | Jul 29, 2020 | 99 |
| -4.32% | Sep 17, 2008 | 21 | Oct 15, 2008 | 53 | Dec 31, 2008 | 74 |
| -3.29% | Mar 18, 2004 | 40 | May 13, 2004 | 112 | Oct 22, 2004 | 152 |
| -3.05% | Jun 16, 2003 | 32 | Jul 31, 2003 | 112 | Jan 9, 2004 | 144 |
Volatility
Volatility Chart
The current U.S. Global Investors Near-Term Tax Free Fund volatility is 0.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.