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Trending ETFs

Name

As of 03/26/2024

Price

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

$9.91

$88.2 M

0.00%

$0.00

1.55%

Vitals

YTD Return

0.2%

1 yr return

-2.0%

3 Yr Avg Return

-5.6%

5 Yr Avg Return

6.8%

Net Assets

$88.2 M

Holdings in Top 10

43.0%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.55%

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 03/26/2024

Price

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

$9.91

$88.2 M

0.00%

$0.00

1.55%

USERX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return -5.6%
  • 5 Yr Annualized Total Return 6.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Gold and Precious Metals Fund
  • Fund Family Name
    US Global Investors Funds
  • Inception Date
    Jul 06, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Frank 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 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).

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.

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.

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 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.

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.

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.

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.

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.

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USERX - Performance

Return Ranking - Trailing

Period USERX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -17.6% 2.6% 10.77%
1 Yr -2.0% -36.6% 5.3% 9.23%
3 Yr -5.6%* -21.6% 4.9% 72.31%
5 Yr 6.8%* -3.4% 11.3% 48.28%
10 Yr 4.8%* -4.1% 5.4% 7.69%

* Annualized

Return Ranking - Calendar

Period USERX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -19.2% 10.1% 64.62%
2022 -17.4% -32.9% -1.3% 80.00%
2021 -12.7% -51.0% 70.4% 70.77%
2020 33.4% 10.6% 63.4% 21.88%
2019 51.3% -1.0% 54.7% 10.34%

Total Return Ranking - Trailing

Period USERX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -17.6% 2.6% 10.77%
1 Yr -2.0% -36.6% 5.3% 9.23%
3 Yr -5.6%* -21.6% 4.9% 72.31%
5 Yr 6.8%* -3.4% 11.3% 48.28%
10 Yr 4.8%* -4.1% 5.4% 7.69%

* Annualized

Total Return Ranking - Calendar

Period USERX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -19.2% 12.3% 80.00%
2022 -17.4% -32.9% 2.7% 83.08%
2021 -10.8% -23.6% 80.2% 69.23%
2020 37.1% 10.6% 70.6% 26.56%
2019 51.3% 0.7% 58.5% 18.97%

NAV & Total Return History


USERX - Holdings

Concentration Analysis

USERX Category Low Category High USERX % Rank
Net Assets 88.2 M 6.95 M 11 B 83.08%
Number of Holdings 79 24 271 21.54%
Net Assets in Top 10 42.1 M 9.07 M 8.36 B 86.15%
Weighting of Top 10 42.99% 36.1% 81.1% 83.08%

Top 10 Holdings

  1. K92 Mining, Inc. 11.55%
  2. Aya Gold Silver, Inc. 7.49%
  3. Aris Gold Corp. 3.79%
  4. Lundin Gold, Inc. 3.32%
  5. Vox Royalty Corp. 3.16%
  6. Harmony Gold Mining Co., Ltd. 3.14%
  7. Alamos Gold, Inc. 3.10%
  8. Emerald Resources NL 2.62%
  9. Ivanhoe Mines, Ltd. 2.58%
  10. Agnico Eagle Mines, Ltd. 2.24%

Asset Allocation

Weighting Return Low Return High USERX % Rank
Stocks
94.47% 70.17% 118.45% 84.62%
Bonds
3.79% 0.00% 3.79% 1.54%
Cash
1.23% 0.00% 8.75% 35.38%
Other
0.51% -1.12% 20.94% 32.31%
Preferred Stocks
0.00% 0.00% 0.84% 32.31%
Convertible Bonds
0.00% 0.00% 0.00% 32.31%

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% 1.54%
Consumer Cyclical
2.75% 0.00% 2.75% 1.54%
Industrials
1.08% 0.00% 4.56% 4.62%
Technology
0.19% 0.00% 0.19% 1.54%
Utilities
0.00% 0.00% 0.02% 35.38%
Real Estate
0.00% 0.00% 0.00% 32.31%
Healthcare
0.00% 0.00% 0.00% 32.31%
Financial Services
0.00% 0.00% 0.14% 33.85%
Communication Services
0.00% 0.00% 0.00% 32.31%
Consumer Defense
0.00% 0.00% 0.00% 32.31%

Stock Geographic Breakdown

Weighting Return Low Return High USERX % Rank
Non US
64.73% 0.00% 95.25% 27.69%
US
29.74% 1.10% 101.19% 69.23%

Bond Sector Breakdown

Weighting Return Low Return High USERX % Rank
Corporate
97.62% 0.00% 97.62% 1.61%
Derivative
0.51% -1.12% 0.56% 3.08%
Cash & Equivalents
0.00% 0.00% 8.75% 86.15%
Securitized
0.00% 0.00% 0.00% 33.87%
Municipal
0.00% 0.00% 0.00% 33.87%
Government
0.00% 0.00% 0.00% 33.87%

Bond Geographic Breakdown

Weighting Return Low Return High USERX % Rank
US
3.79% 0.00% 3.79% 1.54%
Non US
0.00% 0.00% 0.00% 32.31%

USERX - Expenses

Operational Fees

USERX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.39% 4.25% 24.62%
Management Fee 0.78% 0.35% 1.00% 83.08%
12b-1 Fee 0.25% 0.00% 1.00% 31.43%
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% 79.37%

USERX - Distributions

Dividend Yield Analysis

USERX Category Low Category High USERX % Rank
Dividend Yield 0.00% 0.00% 5.05% 78.46%

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% 80.00%

Capital Gain Distribution Analysis

USERX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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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 11.89 1.3