| Ticker: | USERX |
| Manager: | Frank E. Holmes |
| Manager Since: | 01/99 |
| NAV (05/20/2013): | 7.5 |
| Objective: | Equity - Sector Prec Metals |
| Peer: | PM MG |
| Net Assets ($mil): | 166.52 |
| Inception: | 07/01/1974 |
USERX : Description
The fund was incepted in July 1974 and is managed by U.S. Global Investors, Inc. The fund seeks long-term growth of capital plus protection against inflation and monetary instability. Current income is a secondary objective. Under normal conditions, the fund invests at least 80% of its total assets in equity securities of companies predominately involved in the mining and processing of, or dealing in, gold. The fund invests 20% of its total assets in the securities of companies principally engaged in natural resource operations. Dividends and capital gains, if any, are distributed annually in December.
USERX : Composition - 05/13
| Stocks | 65.51% |
| Foreign Stocks | 42.31% |
| Cash | 0.00% |
| Bonds | 8.04% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 0.00% |
| Other | 26.45% |
| Foreign Hedged | 0.00% |
USERX : Style Analysis - 05/13
| Large Growth | 0.00% |
| Large Value | 0.00% |
| Small Growth | 0.00% |
| Small Value | 12.40% |
| Foreign Stock | 0.00% |
| Emerging Market | 0.00% |
| Precious Metals | 64.03% |
| Intermediate Bond | 18.43% |
| High Yield Bond | 0.00% |
| Foreign Bond | 0.00% |
USERX : Risk Analysis
| Beta v. S&P 500 | 0.49 |
| Beta v. EAFE | 0.06 |
| Beta v. Barclays Agg Bond | 1.66 |
| Alpha 3 Yr | -11.51 |
| Alpha 5 Yr | -1.67 |
| R-Sq 3 Yr | 0.06 |
| R-Sq 5 Yr | 0.14 |
| Std Dev 3 Yr | 26.23 |
| Std Dev 5 Yr | 35.22 |
| Sharpe 3 Yr | -0.24 |
| Sharpe 5 Yr | 0.09 |
USERX : Fees
| Expense Ratio | 1.61 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | 0.50 |
| % Max 12 B1 Fee | 0.25 |
| % Max Mgt Fee | 0.88 |
USERX : Purchase Choices:
| Min Initial Investment | 5000 |
| Min Subsequent Investment | 100 |
USERX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 8.76 | 8.15 | 10.70 | 16.07 | 16.13 | 10.83 | 15.46 | 19.60 | 12.61 | 11.78 | 7.5 |
| Total Return (%) | 67.07 | -6.43 | 32.79 | 50.18 | 16.90 | -27.02 | 43.11 | 36.86 | -10.15 | -6.44 | -29.20 |
| Annual Dividend Yield (%) | 0.27 | 0.53 | 1.03 | 0.00 | 0.00 | 0.00 | 0.23 | 1.16 | 0.00 | 0.14 | 0.20 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 383.87 | -173.11 | 279.08 | 343.91 | 114.14 | 99.79 | 166.89 | 218.00 | -122.56 | -224.34 | -419.45 |
| Rel Performance-Obj.Ret.(%) | 99.66 | -0.21 | 3.17 | 188.29 | -79.83 | 18.75 | -61.79 | -4.74 | 91.15 | 18.46 | -13.31 |
| Ret.Quintile vs Obj(1 is best) | 1 | 4 | 3 | 1 | 5 | 2 | 4 | 3 | 1 | 2 | 2 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 86 | 75 | 64 | 241 | 197 | 192 | 234 | 301 | 195 | 167 | 167 |
| Annual Turnover (%) | 85.00 | 66.00 | 66.00 | 72.00 | 61.00 | 135.00 | 103.00 | 155.00 | 95.00 | 0.00 | |
| Annual Dividend Paid ($) | 0.02 | 0.04 | 0.11 | 0.00 | 0.00 | 0.00 | 0.03 | 0.25 | 0.00 | 0.01 | 0.00 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.00 | 0.00 | 2.43 | 0.73 | 0.00 | 1.31 | 5.08 | 0.00 | 0.00 |
USERX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | -16.18% | -24.93% | -37.29% | -29.20% | -29.16% | -9.34% | -2.97% | 13.69% | 7.38% | -0.43% |
| Ret. Percentile vs. Obj. (1 is best) | 18 | 31 | 25 | 25 | 24 | 16 | 11 | 5 | 75 | 90 |
USERX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 40.40 |
| Average Price/Book | 3.51 |
| Average EPS Growth | 35.07 |
| Average Market Value | 10,519.00 |
USERX : Stock Sector Breakout - 05/13
USERX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| AGNICO EAGLE MINES LTD | 4.73 | 150,000 |
| SILVER WHEATON CORP | 4.33 | 200,000 |
| YAMANA GOLD INC | 3.62 | 350,000 |
| FRANCO NEVADA CORP | 3.09 | 90,000 |
| ~HARMONY GOLD MINES | 2.42 | 450,000 |
| PAN AMERICAN SILVER CORP | 2.81 | 250,000 |
| ALAMOS GOLD INC | 2.74 | 260,000 |
| SPDR GOLD TRUST | 2.68 | 1 |
| SANDSTORM RESOURCES INC | 2.90 | 410,000 |