Fund 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.