Innovators and Creators of Capital: Giving Thanks

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  • ruble if oil continues to fall. Russia’s Finance Minister Anton Siluanov said the country is losing as much as $100 billion a year due to the decline in oil prices.

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Leaders and Laggards

The tables show the weekly, monthly and quarterly performance statistics of major equity and commodity market benchmarks of our family of funds.

Weekly Performance
Index Close Weekly
Change($)
Weekly
Change(%)
DJIA 17,828.24 +18.18 +0.10%
S&P 500 2,067.56 +4.06 +0.20%
S&P Energy 584.58 -61.02 -9.45%
S&P Basic Materials 308.03 -9.94 -3.13%
Nasdaq 4,791.63 +78.66 +1.67%
Russell 2000 1,173.23 +0.82 +0.07%
Hang Seng Composite Index 3,309.24 +85.00 +2.64%
Korean KOSPI Index 1,980.78 +15.94 +0.81%
S&P/TSX Canadian Gold Index 145.09 -8.32 -5.42%
XAU 68.40 -5.37 -7.28%
Gold Futures 1,167.80 -30.60 -2.55%
Oil Futures 67.16 -9.35 -12.22%
Natural Gas Futures 4.13 -0.14 -3.26%
10-Yr Treasury Bond 2.17 -0.14 -6.19%
Monthly Performance
Index Close Monthly
Change($)
Monthly
Change(%)
DJIA 17,828.24 +853.93 +5.03%
S&P 500 2,067.56 +85.26 +4.30%
S&P Energy 584.58 -45.87 -7.28%
S&P Basic Materials 308.03 +11.43 +3.85%
Nasdaq 4,791.63 +242.40 +5.33%
Russell 2000 1,173.23 +26.87 +2.34%
Hang Seng Composite Index 3,309.24 -332.01 -14.83%
Korean KOSPI Index 1,980.78 +19.61 +1.00%
S&P/TSX Canadian Gold Index 145.09 -6.75 -4.45%
XAU 68.40 -4.50 -6.17%
Gold Futures 1,167.80 -58.10 -4.74%
Oil Futures 67.16 -15.04 -18.30%
Natural Gas Futures 4.13 +0.40 +10.70%
10-Yr Treasury Bond 2.17 -0.15 -6.47%
Quarterly Performance
Index Close Quarterly
Change($)
Quarterly
Change(%)
DJIA 17,828.24 +729.79 +4.27%
S&P 500 2,067.56 +64.19 +3.20%
S&P Energy 584.58 -131.14 -18.32%
S&P Basic Materials 308.03 -10.06 -3.16%
Nasdaq 4,791.63 +211.36 +4.61%
Russell 2000 1,173.23 -1.12 -0.10%
Hang Seng Composite Index 3,309.24 -65.08 -1.93%
Korean KOSPI Index 1,980.78 -87.76 -4.24%
S&P/TSX Canadian Gold Index 145.09 -57.01 -28.21%
XAU 68.40 -33.87 -33.12%
Gold Futures 1,167.80 -120.40 -9.35%
Oil Futures 67.16 -28.80 -30.01%
Natural Gas Futures 4.13 +0.06 +1.53%
10-Yr Treasury Bond 2.17 -0.18 -7.51%

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.

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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 9/30/14:

Facebook, Inc.: All American Equity Fund, 2.73%; Holmes Macro Trends Fund, 3.18%
Google, Inc.: All American Equity Fund, 3.30%; Holmes Macro Trends Fund, 3.55%
Calpian, Inc.: 0.0%
Klondex Mines Ltd: Gold and Precious Metals Fund, 7.76%; World Precious Minerals Fund, 7.51%; Global Resources Fund, 1.22%
Newmont Mining Corp.: Gold and Precious Metals Fund, 1.11%; World Precious Minerals Fund, 0.26%
Baker Hughes, Inc.: 0.0%
Time Warner: 0.0%
Carnival Corp.: 0.0%
The TJX Companies, Inc.: 0.0%
Analog Devices, Inc.: 0.0%
Southwest Airlines Co.: 0.0%
Diamond Offshore Drilling, Inc.: 0.0%
QEP Resources, Inc.: Global Resources Fund, 1.17%
LyondellBasell Industries NV: Global Resources Fund, 1.70%; All American Equity Fund, 1.03%
Newfield Exploration Co.: 0.0%
The Goldman Sachs Group, Inc.: 0.0%
HSBC Holdings plc: China Region Fund, 5.79%
Ivanhoe Mines Ltd: World Precious Minerals Fund, 0.08%; Global Resources Fund, 0.09%
Chow Tai Fook Jewellery Group Ltd: China Region Fund, 0.51%
Argonaut Gold, Inc.: 0.0%
Alamos Gold, Inc.: World Precious Minerals Fund, 0.04%
Primero Mining: Gold and Precious Metals Fund, 0.05%; World Precious Minerals Fund, 0.02%
AuRico Gold: Gold and Precious Metals Fund, 1.85%; World Precious Minerals Fund, 0.41%
B2Gold Corp.: 0.0%
Detour Gold: 0.0%
Duketon Mining Ltd: World Precious Minerals Fund, 0.30%
Lucapa Diamond Company Ltd: World Precious Minerals Fund, 0.31%

*The above-mentioned indices are not total returns. These returns reflect simple appreciation only and do not reflect dividend reinvestment.

*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