U.S. Global Investors’ Near-Term Tax Free Fund Earns 5-Star Rating
September 17 2014 - 9:12AM
Business Wire
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 ExpenseRatio
Expense RatioAfter 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
fundsCategory: Municipal National Short-Term FundsThrough:
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.)
U.S. Global Investors, Inc.Susan Filyk, 210-308-1286Investor
Relationssfilyk@usfunds.com
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