U.S. Global Investors Gold and Precious Metals (USERX) was founded in July 1974. The investment seeks long-term growth of capital plus protection against inflation and monetary instability; current income is secondary.
This non-diversified fund focuses on selecting companies with established producing mines. It invests in equity securities of companies predominantly involved in the mining, fabrication, processing, marketing or distribution of metals, including gold, silver, platinum group, palladium and diamonds.
The fund’s top holdings include Randgold Resources Ltd. (GOLD), Kinross Gold Corp. (KGC) and Newmont Mining Corp. (NEM).
U.S. Global Investors Tax-Free (USUTX) seeks to provide a high level of current income that is exempt from federal income taxation and to preserve capital.
The fund uses a combination of a top-down and bottom-up strategies to select investment-grade municipal securities. It may also invest in debt securities of any maturity.
Unit holders have to make a minimum initial investment of $5,000 to enter this Zacks#1 Rank (“Strong Buy”) fund. The fund has topped the total returns of its benchmark index in the last 1-, 3-and 5-year periods.
US Global Investors World Precious Minerals (UNWPX) seeks long-term growth of capital plus protection against inflation and monetary instability. The fund is non-diversified.
The fund seeks gold companies around the world that create wealth by discovering new deposits, developing promising properties and/or profitably mining gold. Its portfolio also includes junior and intermediate gold companies for added growth potential.
Frank E. Holmes has been lead manager at the fund since June 1999. Holmes has 30 years of investment experience. The fund has an expense ratio of 1.25%.
