Global Resources Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.8%
1 yr return
9.9%
3 Yr Avg Return
-6.3%
5 Yr Avg Return
7.1%
Net Assets
$41.2 M
Holdings in Top 10
33.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 135.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PSPFX - Profile
Distributions
- YTD Total Return 3.8%
- 3 Yr Annualized Total Return -6.3%
- 5 Yr Annualized Total Return 7.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.22%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGlobal Resources Fund
-
Fund Family NameUS Global Investors Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFrank Holmes
Fund Description
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.
Under normal market conditions, the fund will invest at least 80% of its net assets in equity and equity-related securities of companies involved in the natural resources industries, which include, among others, the following industries: natural gas, integrated oil companies, hard rock or oil and gas drilling, oil and gas exploration and production, oil and gas refining, oilfield equipment/services, aluminum, chemicals, base metals and specialty minerals, gold and precious metals, iron and steel, paper and forest products, agricultural products and commodities, agricultural producers and agricultural product wholesalers, containers and packaging, including packaged food companies, companies that supply materials to or generate wind, solar and hydro power or store energy, and uranium.
The equity and equity-related securities in which the fund primarily invests include common stocks, preferred stocks, convertible securities, rights and warrants, options, exchange-traded funds (“ETFs”) that represent interests in, or related to, natural resources, 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).
The fund may receive warrants when it participates in a private placement. The warrants are provided by the issuer of the private placement as an incentive for investing in the initial financing of the company. The holder of a warrant has the right, until the warrant expires, to sell the warrant or to purchase a given number of shares of a particular issue at a specified price.
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.
For its “bottom-up” selection strategy, the Adviser looks at a company’s relative rankings with respect to expected future growth in reserves, production and cash flow. Additionally, the Adviser also considers relative valuation multiples to earnings and cash flow, expected net asset value, balance sheet quality, working capital needs and overall profitability measured by returns on invested capital.
The fund will invest in securities of companies with economic ties to countries throughout the world, including emerging markets and the U.S. Under normal market conditions, the fund will invest at least 40% of its assets in securities of companies that are economically tied to at least three countries other than the U.S. The fund may invest in companies which may be domiciled in one country but have economic ties to another country. In determining if a company is economically tied to a country, the fund will consider various factors, including the country in which the company’s principal operations are located; the country in which the company’s mining or natural resource reserves are located; the country in which at least 50% of the company’s revenues or profits are derived from goods produced or sold, investments made, or services performed; the country in which the principal trading market is located; and the country in which the company is legally organized.
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.
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.
PSPFX - Performance
Return Ranking - Trailing
Period | PSPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.8% | -13.7% | 19.6% | 65.71% |
1 Yr | 9.9% | -10.2% | 31.7% | 40.95% |
3 Yr | -6.3%* | -22.0% | 21.4% | 95.10% |
5 Yr | 7.1%* | -1.0% | 34.4% | 84.54% |
10 Yr | -1.5%* | -5.6% | 13.0% | 98.80% |
* Annualized
Return Ranking - Calendar
Period | PSPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.7% | -13.1% | 52.1% | 84.62% |
2022 | -24.2% | -34.9% | 34.0% | 97.06% |
2021 | -4.9% | -4.9% | 83.5% | 100.00% |
2020 | 29.3% | -23.4% | 126.4% | 7.14% |
2019 | 5.7% | -25.1% | 36.9% | 85.57% |
Total Return Ranking - Trailing
Period | PSPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.8% | -13.7% | 19.6% | 65.71% |
1 Yr | 9.9% | -10.2% | 31.7% | 40.95% |
3 Yr | -6.3%* | -22.0% | 21.4% | 95.10% |
5 Yr | 7.1%* | -1.0% | 34.4% | 84.54% |
10 Yr | -1.5%* | -5.6% | 13.0% | 98.80% |
* Annualized
Total Return Ranking - Calendar
Period | PSPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.7% | -12.2% | 57.6% | 93.27% |
2022 | -12.1% | -32.2% | 35.5% | 81.37% |
2021 | 13.6% | -2.5% | 83.6% | 98.00% |
2020 | 36.9% | -22.2% | 127.8% | 7.14% |
2019 | 7.8% | -25.1% | 37.6% | 87.63% |
NAV & Total Return History
PSPFX - Holdings
Concentration Analysis
PSPFX | Category Low | Category High | PSPFX % Rank | |
---|---|---|---|---|
Net Assets | 41.2 M | 1.39 M | 6.25 B | 90.48% |
Number of Holdings | 138 | 26 | 317 | 6.67% |
Net Assets in Top 10 | 14.1 M | 547 K | 3.65 B | 90.48% |
Weighting of Top 10 | 33.77% | 16.8% | 76.1% | 85.71% |
Top 10 Holdings
- Abaxx Technologies, Inc. 7.18%
- Ivanhoe Mines, Ltd. 6.18%
- Filo Corp. 5.27%
- Cheniere Energy, Inc. 3.14%
- Aris Gold Corp. 2.20%
- Kimbell Royalty Partners LP 2.16%
- Linde PLC 2.10%
- OceanaGold Corp. 1.93%
- K92 Mining, Inc. 1.80%
- Viper Energy, Inc. 1.80%
Asset Allocation
Weighting | Return Low | Return High | PSPFX % Rank | |
---|---|---|---|---|
Stocks | 86.06% | 0.00% | 100.27% | 98.10% |
Cash | 8.91% | 0.00% | 21.06% | 10.48% |
Bonds | 4.59% | 0.00% | 83.60% | 2.86% |
Other | 0.43% | -0.08% | 23.81% | 9.52% |
Preferred Stocks | 0.00% | 0.00% | 6.24% | 68.57% |
Convertible Bonds | 0.00% | 0.00% | 0.43% | 68.57% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PSPFX % Rank | |
---|---|---|---|---|
Basic Materials | 63.40% | 2.49% | 100.00% | 22.86% |
Energy | 25.86% | 0.00% | 89.67% | 55.24% |
Technology | 2.66% | 0.00% | 17.68% | 19.05% |
Consumer Defense | 2.59% | 0.00% | 33.96% | 36.19% |
Industrials | 2.12% | 0.00% | 63.67% | 70.48% |
Real Estate | 1.64% | 0.00% | 36.20% | 16.19% |
Financial Services | 0.87% | 0.00% | 4.52% | 6.67% |
Consumer Cyclical | 0.81% | 0.00% | 43.37% | 47.62% |
Utilities | 0.02% | 0.00% | 35.93% | 52.38% |
Healthcare | 0.01% | 0.00% | 22.67% | 32.38% |
Communication Services | 0.00% | 0.00% | 0.21% | 65.71% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PSPFX % Rank | |
---|---|---|---|---|
Non US | 50.54% | 0.00% | 89.12% | 17.14% |
US | 35.52% | 0.00% | 99.99% | 87.62% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PSPFX % Rank | |
---|---|---|---|---|
Corporate | 46.77% | 0.00% | 96.42% | 2.97% |
Derivative | 0.43% | -0.08% | 0.47% | 1.90% |
Government | 0.21% | 0.00% | 91.38% | 5.94% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 97.14% |
Securitized | 0.00% | 0.00% | 0.00% | 65.35% |
Municipal | 0.00% | 0.00% | 0.00% | 65.35% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PSPFX % Rank | |
---|---|---|---|---|
Non US | 2.40% | 0.00% | 2.40% | 0.95% |
US | 2.20% | 0.00% | 83.40% | 2.86% |
PSPFX - Expenses
Operational Fees
PSPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.69% | 0.08% | 4.45% | 17.14% |
Management Fee | 0.67% | 0.00% | 1.25% | 40.95% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.00% |
Administrative Fee | N/A | 0.03% | 0.25% | 28.57% |
Sales Fees
PSPFX 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
PSPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
PSPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 135.00% | 4.00% | 169.00% | 95.40% |
PSPFX - Distributions
Dividend Yield Analysis
PSPFX | Category Low | Category High | PSPFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 12.19% | 98.10% |
Dividend Distribution Analysis
PSPFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
PSPFX | Category Low | Category High | PSPFX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.22% | -35.65% | 6.21% | 95.19% |
Capital Gain Distribution Analysis
PSPFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 22, 2022 | $0.674 | OrdinaryDividend |
Dec 23, 2021 | $1.073 | OrdinaryDividend |
Dec 17, 2020 | $0.330 | OrdinaryDividend |
Dec 19, 2019 | $0.088 | OrdinaryDividend |
Dec 20, 2018 | $0.205 | OrdinaryDividend |
Dec 21, 2017 | $0.183 | OrdinaryDividend |
Dec 22, 2016 | $0.175 | OrdinaryDividend |
Dec 23, 2015 | $0.053 | OrdinaryDividend |
Dec 17, 2013 | $0.347 | OrdinaryDividend |
Dec 11, 2012 | $0.216 | OrdinaryDividend |
Dec 09, 2011 | $0.336 | OrdinaryDividend |
Dec 10, 2010 | $0.291 | OrdinaryDividend |
Dec 09, 2008 | $0.143 | CapitalGainShortTerm |
Dec 09, 2008 | $1.173 | CapitalGainLongTerm |
Dec 20, 2007 | $0.862 | CapitalGainShortTerm |
Dec 20, 2007 | $1.282 | CapitalGainLongTerm |
Dec 20, 2007 | $0.951 | OrdinaryDividend |
Dec 21, 2006 | $1.193 | CapitalGainShortTerm |
Dec 21, 2006 | $0.516 | CapitalGainLongTerm |
Dec 21, 2006 | $0.876 | OrdinaryDividend |
Dec 23, 2005 | $0.845 | CapitalGainShortTerm |
Dec 23, 2005 | $0.205 | CapitalGainLongTerm |
Dec 23, 2005 | $0.315 | OrdinaryDividend |
Dec 30, 2004 | $0.075 | CapitalGainShortTerm |
Dec 30, 2004 | $0.220 | CapitalGainLongTerm |
Dec 30, 2004 | $0.341 | OrdinaryDividend |
Dec 23, 2003 | $0.126 | OrdinaryDividend |
Dec 31, 1997 | $0.065 | CapitalGainShortTerm |
Dec 31, 1997 | $0.786 | CapitalGainLongTerm |
Dec 31, 1996 | $0.040 | OrdinaryDividend |
Dec 31, 1996 | $0.330 | CapitalGainShortTerm |
Dec 31, 1996 | $0.570 | CapitalGainLongTerm |
PSPFX - 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
Nov 12, 2015
6.55
6.6%
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 |
---|---|---|---|
0.16 | 24.18 | 7.58 | 0.54 |