| XAU | 77.08 | -13.35 | -14.76% |
| Gold Futures | 1,238.90 | +14.80 | +1.21% |
| Oil Futures | 82.97 | -11.01 | -11.72% |
| Natural Gas Futures | 3.76 | -0.25 | -6.18% |
| 10-Yr Treasury Bond | 2.20 | -0.43 | -16.22% |
| Index | Close | Quarterly Change($) |
Quarterly Change(%) |
|---|---|---|---|
| DJIA | 16,380.41 | -596.40 | -3.51% |
| S&P 500 | 1,886.76 | -71.36 | -3.64% |
| S&P Energy | 606.90 | -112.97 | -15.69% |
| S&P Basic Materials | 293.66 | -19.51 | -6.23% |
| Nasdaq | 4,258.44 | -105.01 | -2.41% |
| Russell 2000 | 1,082.33 | -51.28 | -4.52% |
| Hang Seng Composite Index | 3,160.27 | -78.56 | -2.43% |
| Korean KOSPI Index | 1,940.92 | -79.98 | -3.96% |
| S&P/TSX Canadian Gold Index | 162.66 | -39.07 | -19.37% |
| XAU | 77.08 | -25.37 | -24.76% |
| Gold Futures | 1,238.90 | -81.50 | -6.17% |
| Oil Futures | 82.97 | -20.78 | -20.03% |
| Natural Gas Futures | 3.76 | -0.20 | -5.09% |
| 10-Yr Treasury Bond | 2.20 | -0.25 | -10.26% |
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.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, a regional fund’s returns and share price may be more volatile than those of a less concentrated portfolio.
The Emerging Europe Fund invests more than 25 percent of its investments in companies principally engaged in the oil & gas or banking industries. The risk of concentrating investments in this group of industries will make the fund more susceptible to risk in these industries than funds which do not concentrate their investments in an industry and may make the fund’s performance more volatile.
Because the Global Resources Fund concentrates its investments in a specific industry, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries.
Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5 percent to 10 percent of your portfolio in these sectors.
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.
Investing in real estate securities involves risks including the potential loss of principal resulting from changes in property value, interest rates, taxes and changes in regulatory requirements.
Past performance does not guarantee future results.
Some link(s) above may be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.
These market comments were compiled using Bloomberg and Reuters financial news.
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings as a percentage of net assets as of 9/30/2014:
Alibaba Group Holding Ltd.: China Region Fund, 0.42%
Tencent Holdings Ltd.: China Region Fund, 5.62%
Baidu Inc.: China Region Fund, 2.44%
Tractor Supply Co.: 0.00%
Celgene Corp: All American Equity Fund, 1.23%, Holmes Macro Trends Fund, 1.14%
Ingersoll-Rand PLC: All American Equity Fund, 0.95%
Illinois Tool Works Inc.: All American Equity Fund, 0.98%
AT&T Inc.: All American Equity Fund, 1.09%
Costco: 0.00%
Whole Foods: 0.00%
IBM: 0.00%
Amazon.com Inc.: 0.00%
Alamos Gold Inc.: World Precious Minerals Fund, 0.04%
Fortress Minerals Corp.: World Precious Minerals Fund, 1.02%; Global Resources Fund, 0.27%
Royal Gold Inc.: Gold and Precious Minerals Fund, 3.44%, World Precious Minerals Fund, 1.01%, All American Equity Fund, 0.98%, Holmes Macro Trends Fund 0.98%
Euromax Resources: 0.00%
SPDR Gold Trust: Gold and Precious Metals Fund, 0.32%
LyondellBasell Industries NV: Global Resources Fund, 1.70%, All American Equity Fund, 1.03%
Cenovus Energy Inc: Global Resources Fund, 1.68%
CanElson Drilling Inc.: Global Resources Fund, 1.29%
Black Diamond Group Ltd.: Global Resources Fund, 0.70%
Global X Silver Miners ETF: Gold and Precious Minerals Fund, 0.01%; World Precious Minerals Fund, 0.01%
Codelco: 0.00%
China Unicom: 0.00%
*The above-mentioned indices are not total returns. These returns reflect simple appreciation only and do not reflect dividend reinvestment.
The Dow Jones Industrial Average is a price-weighted average of 30 blue chip stocks that are generally leaders in their industry.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
The Nasdaq Composite Index is a capitalization-weighted index of all Nasdaq National Market and SmallCap stocks.
The Russell 2000 Index® is a U.S. equity index measuring the performance of the 2,000 smallest companies in the Russell 3000®, a widely recognized small-cap index.
The Hang Seng Composite Index is a market capitalization-weighted index that comprises the top 200 companies listed on Stock Exchange of Hong Kong, based on average market cap for the 12 months.
The Taiwan Stock Exchange Index is a capitalization-weighted index of all listed common shares traded on the Taiwan Stock Exchange.
The Korea Stock Price Index is a capitalization-weighted index of all common shares and preferred shares on the Korean Stock Exchanges.
The Philadelphia Stock Exchange Gold and Silver Index (XAU) is a capitalization-weighted index that includes the leading companies involved in the mining of gold and silver.
The U.S. Trade Weighted Dollar Index provides a general indication of the international value of the U.S. dollar.
The S&P/TSX Canadian Gold Capped Sector Index is a modified capitalization-weighted index, whose equity weights are capped 25 percent and index constituents are derived from a subset stock pool of S&P/TSX Composite Index stocks.
The S&P 500 Energy Index is a capitalization-weighted index that tracks the companies in the energy sector as a subset of the S&P 500.
The S&P 500 Materials Index is a capitalization-weighted index that tracks the companies in the material sector as a subset of the S&P 500.
The S&P 500 Financials Index is a capitalization-weighted index. The index was developed with a base level of 10 for the 1941-43 base period.
The S&P 500 Industrials Index is a Materials Index is a capitalization-weighted index that tracks the companies in the industrial sector as a subset of the S&P 500.
The S&P 500 Consumer Discretionary Index is a capitalization-weighted index that tracks the companies in the consumer discretionary sector as a subset of the S&P 500.
The S&P 500 Information Technology Index is a capitalization-weighted index that tracks the companies in the information technology sector as a subset of the S&P 500.
The S&P 500 Consumer Staples Index is a Materials Index is a capitalization-weighted index that tracks the companies in the consumer staples sector as a subset of the S&P 500.
The S&P 500 Utilities Index is a capitalization-weighted index that tracks the companies in the utilities sector as a subset of the S&P 500.
The S&P 500 Healthcare Index is a capitalization-weighted index that tracks the companies in the healthcare sector as a subset of the S&P 500.
The S&P 500 Telecom Index is a Materials Index is a capitalization-weighted index that tracks the companies in the telecom sector as a subset of the S&P 500.
The NYSE Arca Gold Miners Index is a modified market capitalization weighted index comprised of publicly traded companies involved primarily in the mining for gold and silver.
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
The Athens Stock Exchange General Index is a capitalization-weighted index of Greek stocks listed on the Athens Stock Exchange.
The S&P BSE SENSEX Index is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange.
The Ibovespa Index is a gross total return index weighted by traded volume and is comprised of the most liquid stocks traded on the Sao Paulo Stock Exchange.
The MICEX Index is the real-time cap-weighted Russian composite index. It comprises 30 most liquid stocks of Russian largest and most developed companies from 10 main economy sectors. The MICEX Index was launched on September 22, 1997, base value 100. The MICEX Index is calculated and disseminated by the MICEX Stock Exchange, the main Russian stock exchange.
The Istanbul Stock Exchange National 100 Index (XU100) is a capitalization-weighted index composed of National Market companies except investment trusts.
The Ease of Doing Business Index is an index created by the World Bank measuring regulations directly affecting businesses.
