U.S. Global’s World Precious Minerals Fund (UNWPX) won the Lipper Fund Award in the Gold-Oriented Fund category for consistent return over the five-year period ended December 31, 2007. The fund was ranked #1 among 44 funds in its category during that time period.
U.S. Global’s Global Resources Fund (PSPFX) won the Lipper Fund Award in the Natural Resources category for consistent return over the five years ended December 31, 2007. The fund was ranked #1 of 75 funds in its category.
The award selection process began with Lipper calculating a Consistent Return score for each fund for the five-year time period as of December 31, 2007. Consistent Return is a quantitative metric that incorporates two characteristics: risk-adjusted return and the strength of the fund's performance trend. The top-scoring Consistent Return fund within each classification received the awards. Past performance does not guarantee future results.
Frank Holmes, CEO and chief investment officer at U.S. Global, says the awards are a result of the company’s approach to fund management, which stresses discipline and teamwork under all market conditions.
“Right now in the markets we’re seeing overall negative sentiment and a lot of skepticism about just how strong the global demand for commodities is,” says Mr. Holmes. “We don't share that skepticism - we continue to see powerful demand from China, India and other emerging nations.
“We remain committed to our investment processes as we strive to generate alpha versus both ETF indexes and other comparable asset classes. These processes include monitoring macro drivers and key micro factors for stock selection, and using statistical models to manage our emotions as we work to capture opportunities while navigating the many risks associated with global investing.”
The World Precious Minerals Fund has now won Lipper Fund Awards for three straight years for its risk-adjusted returns compared with its peers, and it has been recognized four times since 2000. The Global Resources Fund’s performance has now been recognized with Lipper Fund Awards for four consecutive years, and it has won a total of five since 2000.
U.S. Global Investors has now won 13 Lipper Fund Awards since Holmes took over as the company’s chief investment officer in June 1999. Lipper presents awards to top funds in the three-, five- and 10-year time measures.
The Global Resources Fund won awards for the three-year period in 2005 and 2006, and for the five-year period in 2006, 2007 and 2008. The World Precious Minerals Fund won for the three-year period in 2006 and 2007, and for the five-year period in 2007 and 2008.
U.S. Global’s China Region Opportunity Fund (USCOX) captured awards for the three-year period in 2005 and 2006, and for the five-year period in 2006. And the Eastern European Fund (EUROX) was honored in 2005 for the three-year period.
|Total Annualized Returns as of March 31, 2008|
|World Precious Minerals Fund (UNWPX)||24.70%||38.60%||14.70%||1.01%|
|Global Resources Fund (PSPFX)||28.38%||43.12%||18.63%||0.96%|
|China Region Opportunity Fund (USCOX)||19.09%||29.97%||8.94%||2.09%|
|Eastern European Fund (EUROX)||9.41%||40.14%||20.06%||1.98%|
Gross expense ratio as stated in the most recent prospectus. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. 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, if applicable, of 2.00%) which, if applicable, would lower your total returns. 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.
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company provides advisory, transfer agency and other services to U.S. Global Investors Funds and U.S. Global Accolade Funds and other clients.
With an average of $5.63 billion in assets under management for the quarter ended December 31, 2007, U.S. Global Investors manages domestic and offshore funds offering a variety of investment options, from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.
Please consider carefully the fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Gold funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The price of gold is subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in gold or gold stocks. Because the Global Resources Fund concentrates its investments in a specific industry, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries. Because each region fund concentrates its investments in companies located in a specific geographic region, the fund’s returns and share price may be more volatile than those of a less concentrated portfolio.
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.
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Terry Badger, 210-308-1221
Director of Communications