Gold and Precious Metals Fund
Fund
USERX
Price as of:
$29.62
- $0.60
- 1.99%
Primary Theme
fund company
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.9%
1 yr return
74.7%
3 Yr Avg Return
47.6%
5 Yr Avg Return
17.5%
Net Assets
$280 M
Holdings in Top 10
38.0%
52 WEEK LOW AND HIGH
$30.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 56.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
USERX - Profile
Distributions
- YTD Total Return 2.9%
- 3 Yr Annualized Total Return 47.6%
- 5 Yr Annualized Total Return 17.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.07%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGold and Precious Metals Fund
-
Fund Family NameUS Global Investors Funds
-
Inception DateJul 06, 1998
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFrank Holmes
Fund Description
p id="xdx_A82_eoef--StrategyNarrativeTextBlock_zkuPKEXIlAZb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt"The Adviser uses a matrix of “top-down” macro models and “bottom-up” micro stock selection models to determine weighting in countries, sectors and individual securities. The Adviser believes government policies are a precursor to change, and as a result, it monitors and tracks the fiscal and monetary policies of the world’s largest countries both in terms of economic stature and population. The Adviser focuses on historical and socioeconomic cycles, and it applies both statistical and fundamental models, including “growth at a reasonable price” (GARP), to identify companies with superior growth and value metrics. The Adviser overlays these explicit knowledge models with the tacit knowledge obtained by domestic and global travel for first-hand observation of local and geopolitical conditions, as well as specific companies and projects./span/span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt"Under normal market conditions, the Gold and Precious Metals 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 invest in these precious metals directly and/or in equity and equity-related securities, such as exchange-traded funds (“ETFs”) that represent interests in, or related to, these precious metals. The fund may invest in foreign or emerging market securities. The equity and equity-related securities in which the fund primarily invests include common stocks, preferred stocks, convertible securities, rights and warrants, options and depository receipts (American Depository Receipts (ADRs) and Global Depository Receipts (GDRs)). The fund also participates in private placements, initial public offerings (IPOs), and long-term equity anticipation securities (LEAPS)./span/span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt"The fund may invest in warrants to gain exposure to individual securities in the gold and precious metals industry over the long term. Warrants allow the fund to imitate a purchase or sale of a stock for a fraction of its price (premium) and hold that option for a long period of time before it expires. The fund may also receive warrants when it participates in a private placement. The issuer of the private placement may provide a warrant as an incentive for investing in the initial financing of the company./span/span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"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. A short position generally involves the sale of a security that the fund has borrowed (but does not own) with the expectation that the price of the security will decrease in value, enabling the fund to repurchase the security later at the lower price./span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt"The fund focuses on selecting companies with established producing mines that create a significant stream of cash flow. Senior mining companies that have proven reserves are more strongly influenced by the price of gold. The fund invests across senior mining companies, as well as junior and intermediate mining companies. Junior mining companies typically have small /span/span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt"market capitalization and their growth generally comes from a major mining discovery. Therefore, the risk and opportunities are substantially greater than investing in a senior mining company with proven reserves. The volatility of these smaller mining companies is typically greater than that of senior producers./span/span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"The Adviser’s stock selection process for established mining companies looks to identify companies with robust growth profiles and strong cash flows. In making security selections for junior and intermediate mining investments, the Adviser looks for companies with proven management who have a strong track record in developing and producing mining companies and whose potential mining assets and financial structure have upside leverage to rising commodity prices./span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"Although the fund has greater latitude to invest its assets in different precious metals, such as platinum, palladium and silver, it currently has significant investments in the gold sector. Gold companies include mining companies that exploit gold deposits that are supported by co-products and by-products such as copper, silver, lead and zinc, and also diversified mining companies which produce a meaningful amount of gold./span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"The fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund./span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"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./span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt"The Adviser uses a matrix of statistical models to monitor market volatility and money flows, and as a result, the fund may at times maintain higher than normal cash levels. For example, the Adviser may take a temporary defensive position when the securities trading markets or the economy are experiencing excessive volatility, a prolonged general decline, or other adverse conditions./span/p p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"span id="xdx_90A_eoef--StrategyPortfolioConcentration_dU_c20260501__20260501__dei--LegalEntityAxis__custom--S000004783Member_zBGWEGerB843" style="display: none; visibility: hidden"Under normal market conditions, the Gold and Precious Metals 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 invest in these precious metals directly and/or in equity and equity-related securities, such as exchange-traded funds (“ETFs”) that represent interests in, or related to, these precious metals. The fund may invest in foreign or emerging market securities. The fund may invest in warrants to gain exposure to individual securities in the gold and precious metals industry over the long term. In addition, the fund may invest up to 15% of its net assets in illiquid securities./span/p
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USERX - Performance
Return Ranking - Trailing
| Period | USERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.9% | -1.7% | 34.5% | 78.13% |
| 1 Yr | 74.7% | 39.7% | 180.8% | 65.63% |
| 3 Yr | 47.6%* | 7.2% | 54.6% | 35.94% |
| 5 Yr | 17.5%* | 4.0% | 23.8% | 59.38% |
| 10 Yr | 16.0%* | 5.9% | 19.3% | 26.42% |
* Annualized
Return Ranking - Calendar
| Period | USERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 159.7% | 46.7% | 197.0% | 23.44% |
| 2024 | 15.1% | -36.6% | 20.9% | 14.06% |
| 2023 | 1.4% | -19.2% | 10.1% | 64.06% |
| 2022 | -17.4% | -32.9% | -1.3% | 79.69% |
| 2021 | -12.7% | -51.0% | 70.4% | 70.31% |
Total Return Ranking - Trailing
| Period | USERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.9% | -1.7% | 34.5% | 78.13% |
| 1 Yr | 74.7% | 39.7% | 180.8% | 65.63% |
| 3 Yr | 47.6%* | 7.2% | 54.6% | 35.94% |
| 5 Yr | 17.5%* | 4.0% | 23.8% | 59.38% |
| 10 Yr | 16.0%* | 5.9% | 19.3% | 26.42% |
* Annualized
Total Return Ranking - Calendar
| Period | USERX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 167.5% | 51.9% | 202.8% | 20.31% |
| 2024 | 16.8% | -35.0% | 23.9% | 20.31% |
| 2023 | 1.4% | -19.2% | 12.3% | 79.69% |
| 2022 | -17.4% | -32.9% | 2.7% | 82.81% |
| 2021 | -10.8% | -23.6% | 80.2% | 70.31% |
NAV & Total Return History
USERX - Holdings
Concentration Analysis
| USERX | Category Low | Category High | USERX % Rank | |
|---|---|---|---|---|
| Net Assets | 280 M | 46.8 M | 27.3 B | 84.38% |
| Number of Holdings | 86 | 23 | 285 | 12.50% |
| Net Assets in Top 10 | 106 M | 27 M | 17.1 B | 89.06% |
| Weighting of Top 10 | 38.02% | 29.2% | 76.2% | 93.75% |
Top 10 Holdings
- K92 Mining, Inc. 5.46%
- Discovery Silver Corp. 4.71%
- Aya Gold Silver, Inc. 4.22%
- IAMGOLD Corp. 3.87%
- Mineros SA 3.70%
- DPM Metals, Inc. 3.40%
- Americas Gold Silver Corp. 3.36%
- Torex Gold Resources, Inc. 3.28%
- Anglogold Ashanti PLC 3.13%
- Aura Minerals, Inc. 2.91%
Asset Allocation
| Weighting | Return Low | Return High | USERX % Rank | |
|---|---|---|---|---|
| Stocks | 92.05% | 73.98% | 160.26% | 76.56% |
| Cash | 6.03% | 0.00% | 10.19% | 26.56% |
| Bonds | 1.75% | 0.00% | 3.00% | 3.13% |
| Other | 0.17% | 0.00% | 25.04% | 42.19% |
| Preferred Stocks | 0.00% | 0.00% | 0.09% | 15.63% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 14.06% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | USERX % Rank | |
|---|---|---|---|---|
| Basic Materials | 93.10% | 93.10% | 100.00% | 100.00% |
| Energy | 2.88% | 0.00% | 2.88% | 1.56% |
| Consumer Cyclical | 2.75% | 0.00% | 2.75% | 1.56% |
| Industrials | 1.08% | 0.00% | 4.56% | 4.69% |
| Technology | 0.19% | 0.00% | 0.19% | 1.56% |
| Utilities | 0.00% | 0.00% | 0.02% | 17.19% |
| Real Estate | 0.00% | 0.00% | 0.00% | 14.06% |
| Healthcare | 0.00% | 0.00% | 0.00% | 14.06% |
| Financial Services | 0.00% | 0.00% | 0.14% | 15.63% |
| Communication Services | 0.00% | 0.00% | 0.00% | 14.06% |
| Consumer Defense | 0.00% | 0.00% | 0.00% | 14.06% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | USERX % Rank | |
|---|---|---|---|---|
| Non US | 60.06% | 0.00% | 155.66% | 48.44% |
| US | 31.99% | 4.60% | 88.69% | 60.94% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | USERX % Rank | |
|---|---|---|---|---|
| Corporate | 97.62% | 0.00% | 97.62% | 1.64% |
| Derivative | 0.17% | 0.00% | 0.81% | 18.75% |
| Cash & Equivalents | 0.00% | 0.00% | 9.68% | 84.38% |
| Securitized | 0.00% | 0.00% | 0.00% | 13.11% |
| Municipal | 0.00% | 0.00% | 0.00% | 13.11% |
| Government | 0.00% | 0.00% | 0.00% | 13.11% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | USERX % Rank | |
|---|---|---|---|---|
| US | 1.75% | 0.00% | 3.00% | 3.13% |
| Non US | 0.00% | 0.00% | 0.00% | 14.06% |
USERX - Expenses
Operational Fees
| USERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.63% | 0.39% | 3.47% | 17.19% |
| Management Fee | 0.90% | 0.35% | 1.00% | 87.50% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 26.47% |
| Administrative Fee | N/A | 0.10% | 0.25% | 10.53% |
Sales Fees
| USERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| USERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 100.00% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| USERX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 56.00% | 1.00% | 114.00% | 79.03% |
USERX - Distributions
Dividend Yield Analysis
| USERX | Category Low | Category High | USERX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.69% | 0.00% | 4.36% | 81.25% |
Dividend Distribution Analysis
| USERX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| USERX | Category Low | Category High | USERX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.07% | -18.00% | 5.11% | 79.69% |
Capital Gain Distribution Analysis
| USERX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 31, 2026 | $0.796 | OrdinaryDividend |
| Dec 18, 2025 | $0.871 | OrdinaryDividend |
| Dec 19, 2024 | $0.169 | OrdinaryDividend |
| Dec 23, 2021 | $0.251 | OrdinaryDividend |
| Dec 17, 2020 | $0.365 | OrdinaryDividend |
| Dec 20, 2018 | $0.118 | OrdinaryDividend |
| Dec 22, 2016 | $0.062 | OrdinaryDividend |
| Dec 23, 2015 | $0.023 | OrdinaryDividend |
| Dec 11, 2012 | $0.018 | OrdinaryDividend |
| Dec 09, 2011 | $2.544 | CapitalGainLongTerm |
| Dec 10, 2010 | $1.313 | CapitalGainLongTerm |
| Dec 10, 2010 | $0.258 | OrdinaryDividend |
| Dec 11, 2009 | $0.039 | OrdinaryDividend |
| Dec 09, 2008 | $0.319 | CapitalGainShortTerm |
| Dec 09, 2008 | $0.408 | CapitalGainLongTerm |
| Dec 20, 2007 | $0.796 | CapitalGainLongTerm |
| Dec 20, 2007 | $1.634 | OrdinaryDividend |
| Dec 23, 2005 | $0.118 | OrdinaryDividend |
| Dec 30, 2004 | $0.046 | OrdinaryDividend |
| Dec 23, 2003 | $0.026 | OrdinaryDividend |
| Dec 31, 1997 | $0.012 | OrdinaryDividend |
| Jun 30, 1997 | $0.024 | OrdinaryDividend |
| Dec 31, 1996 | $0.030 | OrdinaryDividend |
| Jun 28, 1996 | $0.020 | OrdinaryDividend |
| Dec 24, 1995 | $0.030 | OrdinaryDividend |
| Jun 30, 1995 | $0.030 | OrdinaryDividend |
| Dec 30, 1994 | $0.040 | OrdinaryDividend |
| Jun 30, 1994 | $0.030 | OrdinaryDividend |
| Dec 31, 1993 | $0.030 | OrdinaryDividend |
| Jun 29, 1993 | $0.020 | OrdinaryDividend |
| Dec 31, 1992 | $0.030 | OrdinaryDividend |
| Jun 30, 1992 | $0.020 | OrdinaryDividend |
| Dec 31, 1991 | $0.060 | OrdinaryDividend |
| Jun 28, 1991 | $0.020 | OrdinaryDividend |
| Dec 28, 1990 | $0.080 | OrdinaryDividend |
| Jun 28, 1990 | $0.070 | OrdinaryDividend |
| Dec 29, 1989 | $0.120 | OrdinaryDividend |
| Jun 30, 1989 | $0.050 | OrdinaryDividend |
| Dec 29, 1988 | $0.160 | OrdinaryDividend |
| Jun 24, 1988 | $0.060 | OrdinaryDividend |
| Dec 31, 1987 | $0.200 | OrdinaryDividend |
| Jan 22, 1987 | $0.200 | OrdinaryDividend |
USERX - Fund Manager Analysis
Managers
Frank Holmes
Start Date
Tenure
Tenure Rank
Jun 04, 1999
23.01
23.0%
Mr. Holmes is Chief Executive Officer since 1989 and Chief Investment Officer since 1999 at U.S. Global Investors, Inc. Mr. Holmes had investment banking experience in the international capital markets and the gold mining industry. He was formerly President and Chairman of the Toronto Society of the Investment Dealers Association and a member of the Toronto Stock Exchange's Listing Committee as well as a member seat holder of the stock exchanges in Toronto, Montreal, Vancouver and Alberta.
Ralph Aldis
Start Date
Tenure
Tenure Rank
Dec 31, 2001
20.43
20.4%
Ralph P. Aldis, CFA, is a Portfolio Manager for U.S. Global Investors, Inc. Aldis has served as senior research analyst of the U.S. Global Investors, Inc. since 2001. Previously he was with United Services Advisors as director of research and analysis since April 1989. Before that, he spent three years in the research department at Neil A. Eisner and Company, and he also worked as a research assistant at Southwest Energy Associates during the summer of 1986. He is a member of the Society of Economic Geologists and the San Antonio Society of Financial Analysts.
Joanna Sawicka
Start Date
Tenure
Tenure Rank
May 01, 2020
2.08
2.1%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.25 | 34.34 | 11.87 | 24.93 |