U.S. Global Investors, Inc. (NASDAQ:
GROW),
a boutique registered investment advisory firm specializing in natural
resources and emerging markets, has earned the coveted 5-star
Morningstar rating for its Near-Term
Tax Free Fund (NEARX) for the 3-year performance period. The fund
was ranked in the Morningstar category of Municipal National Short-Term
funds. Only the top 10 percent of funds in each category receive five
stars.
The fund has a 4-star rating for its 5- and 10-year performance periods
as well as for its overall performance.
“During this prolonged environment of low interest rates and volatile
global stock markets, investors and financial advisors have appreciated
the steady performance and the tax-free income that the Near-Term Tax
Free Fund has delivered,” said Frank Holmes, CEO and chief investment
officer.
The Near-Term Tax Free Fund has generated consistent positive total
returns (yield + appreciation) for investors for 13 years in a row. The
fund invests primarily in investment-grade municipal bonds with
relatively short maturities and seeks to provide tax-free monthly income
by investing in debt securities issued by state and local governments
from across the country. The fund is managed by Director of Research
John Derrick, CFA, who has 20 years of experience, alongside Frank
Holmes.
About U.S. Global Investors, Inc.
The story of U.S. Global Investors goes back more than 40 years when it
began as an investment club. Today, U.S. Global Investors, Inc. (www.usfunds.com)
is a registered investment advisor that focuses on profitable niche
markets around the world. Headquartered in San Antonio, Texas, the
company provides money management and other services to U.S. Global
Investors Funds and other international clients.
Please consider carefully a 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.
Total Annualized Returns as of 06/30/2014
Fund
|
|
One-Year
|
|
Five-Year
|
|
Ten-Year
|
|
Gross Expense Ratio
|
|
Expense Ratio After Waivers
|
Near-Term Tax Free Fund (NEARX)
|
|
3.68%
|
|
3.07%
|
|
3.16%
|
|
1.21%
|
|
0.45%
|
Past performance does not guarantee future results.
Bond funds are subject to interest-rate risk; their value declines as
interest rates rise. Tax-exempt income is federal income tax free. A
portion of this income may be subject to state and local income taxes,
and if applicable, may subject certain investors to the Alternative
Minimum Tax as well. The Near-Term Tax Free Fund may invest up to 20% of
its assets in securities that pay taxable interest. Income or fund
distributions attributable to capital gains are usually subject to both
state and federal income taxes. The Near-Term Tax Free Fund may be
exposed to risks related to a concentration of investments in a
particular state or geographic area. These investments present risks
resulting from changes in economic conditions of the region or issuer.
Though the Near-Term Tax Free Fund seeks minimal fluctuations in share
price, it is subject to the risk that a decline in the credit quality of
a portfolio holding could cause a fund’s share price to decline.
Morningstar Overall Rating™ among 164 Municipal National Short-Term
funds as of 08/31/2014 based on risk-adjusted return.
Morningstar™
****
|
|
|
Overall/[164]
|
*****
|
|
|
3-Year/[164]
|
****
|
|
|
5-Year/[135]
|
****
|
|
|
10-Year/[103]
|
Morningstar ratings based on risk-adjusted return and number of funds
Category:
Municipal National Short-Term Funds
Through: 08/31/2014
Morningstar Ratings are based on risk-adjusted return. The
Morningstar Rating for a fund is derived from a weighted-average of the
performance figures associated with its three-, five- and ten-year
Morningstar Rating metrics. Past performance does not guarantee future
results. For each fund with at least a three-year history, Morningstar
calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted
Return measure that accounts for variation in a fund’s monthly
performance (including the effects of sales charges, loads, and
redemption fees), placing more emphasis on downward variations and
rewarding consistent performance. The top 10% of funds in each category
receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3
stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star.
(Each share class is counted as a fraction of one fund within this scale
and rated separately, which may cause slight variations in the
distribution percentages.)
Copyright Business Wire 2014