7/27/2019 Opportunities in Resources and Emerging Markets
1/106
usfunds.com1.800.US.FUNDS September 2013 13-467
Opportunities in Resources and Emerging Markets Frank Holmes, CEO and Chief Investment Officer
7/27/2019 Opportunities in Resources and Emerging Markets
2/106
usfunds.comSeptember 2013 13-467
usfunds.com
2
Performance and Results Oriented
Winner of 29 Lipper performance awards,certificates and top rankings since 2000
(Four out of 13 U.S. Global Investors Funds received Lipper performance awardsfrom 2005 to 2008, six out of 13 received certificates from 2000 to 2007,
and two out of 13 received top rankings from 2009 to 2010.)
Investment leadership results in performance
7/27/2019 Opportunities in Resources and Emerging Markets
3/106
usfunds.comSeptember 2013 13-467
usfunds.com
Fund Recognition:2 Funds in the Top 12 Percent for 10-Year Period
3
7/27/2019 Opportunities in Resources and Emerging Markets
4/106
usfunds.comSeptember 2013 13-467
usfunds.com
4
Based on Risk-Adjusted Return
7/27/2019 Opportunities in Resources and Emerging Markets
5/106
usfunds.comSeptember 2013 13-467
usfunds.com
Focus on Education
5
43 MFEA STAR Awards for Excellence in Education
7/27/2019 Opportunities in Resources and Emerging Markets
6/106
usfunds.comSeptember 2013 13-467
usfunds.com
Branding Education
6
Investor Alert and Advisor Alert are key communicationtools
Our original, award-winningeducational content is in highdemand from investors via
email, website, social mediaplatforms, apps
7/27/2019 Opportunities in Resources and Emerging Markets
7/106
usfunds.comSeptember 2013 13-467
usfunds.com
Are YOU Reading U.S. Globals Investor Alert?Jim Cramer Is.
7
Tweeted to his loyal 600,000 readers
7/27/2019 Opportunities in Resources and Emerging Markets
8/106
usfunds.comSeptember 2013 13-467
usfunds.com
The Dow Then And Now
8
7/27/2019 Opportunities in Resources and Emerging Markets
9/106
usfunds.comSeptember 2013 13-467
usfunds.com
The Dow Then And Now
9
7/27/2019 Opportunities in Resources and Emerging Markets
10/106
usfunds.comSeptember 2013 13-467
usfunds.com
The Dow Then And Now
10
7/27/2019 Opportunities in Resources and Emerging Markets
11/106
usfunds.comSeptember 2013 13-467
usfunds.com
The Dow Then And Now
11
7/27/2019 Opportunities in Resources and Emerging Markets
12/106
usfunds.comSeptember 2013 13-467
usfunds.com
The Dow Then And Now
12
7/27/2019 Opportunities in Resources and Emerging Markets
13/106
usfunds.comSeptember 2013 13-467
usfunds.com
The Dow Then And Now
13
7/27/2019 Opportunities in Resources and Emerging Markets
14/106
usfunds.comSeptember 2013 13-467
usfunds.com
Presidential Election CycleFollow the Money
14
Government Policy Is aPrecursor to Change March 2009
7/27/2019 Opportunities in Resources and Emerging Markets
15/106
usfunds.comSeptember 2013 13-467
usfunds.com
15
A Case for Commoditiesin a Rising Rate Environment
Download Your Free
Copy of Our NewSpecial CommoditiesReport at usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
16/106
usfunds.comSeptember 2013 13-467
usfunds.com
Where Does Gold Come From?
Interactive Map at www.usfunds.com
16
7/27/2019 Opportunities in Resources and Emerging Markets
17/106
usfunds.comSeptember 2013 13-467
usfunds.com
Thailand Stock Market Up 42 PercentUnder New Prime Minister
17
7/27/2019 Opportunities in Resources and Emerging Markets
18/106
usfunds.comSeptember 2013 13-467
usfunds.com
President Obama Meets with Prime Minister Yingluck Shinawatra of Thailand
18
7/27/2019 Opportunities in Resources and Emerging Markets
19/106
usfunds.comSeptember 2013 13-467
usfunds.com
President Obama Meets with Prime Minister Yingluck Shinawatra of Thailand
19
7/27/2019 Opportunities in Resources and Emerging Markets
20/106
usfunds.comSeptember 2013 13-467
usfunds.com
President Obama Meets with Prime Minister Yingluck Shinawatra of Thailand
20
7/27/2019 Opportunities in Resources and Emerging Markets
21/106
usfunds.comSeptember 2013 13-467
usfunds.com
President Obama Meets with Prime Minister Yingluck Shinawatra of Thailand
21
7/27/2019 Opportunities in Resources and Emerging Markets
22/106
usfunds.comSeptember 2013 13-467
usfunds.com
22
7/27/2019 Opportunities in Resources and Emerging Markets
23/106
usfunds.comSeptember 2013 13-467
usfunds.com
23
Government Policy Model Precursor for Change
President Barack ObamaBen Bernanke, Chairmanof the Federal Reserve
7/27/2019 Opportunities in Resources and Emerging Markets
24/106
usfunds.comSeptember 2013 13-467
usfunds.com
24
Emerging World Holds 50% of theGlobal Population, Just 23% of GDP
7/27/2019 Opportunities in Resources and Emerging Markets
25/106
usfunds.comSeptember 2013 13-467
usfunds.com
Compare E7 vs G7 Money Supply GrowthEmerging World s Money Supply is Robust
25
7/27/2019 Opportunities in Resources and Emerging Markets
26/106
usfunds.comSeptember 2013 13-467
usfunds.com
26
Its Not the Political Party,Its the Political Policies
7/27/2019 Opportunities in Resources and Emerging Markets
27/106
usfunds.comSeptember 2013 13-467
usfunds.com
Its Not the Political Party,Its the Political PoliciesDeclining Value of the U.S. Dollar Since 1970
27
Alan Greenspan Ben Bernanke Richard Nixon
7/27/2019 Opportunities in Resources and Emerging Markets
28/106
usfunds.comSeptember 2013 13-467
usfunds.com
Follow the Money Equities and Gold Have Outperformed Bonds
28
7/27/2019 Opportunities in Resources and Emerging Markets
29/106
usfunds.comSeptember 2013 13-467
usfunds.com
Tipping Points, Melting PointsH2O is Like Money
29
Ice Turns to Water at 32, but Stil l H 2O
7/27/2019 Opportunities in Resources and Emerging Markets
30/106
usfunds.comSeptember 2013 13-467
usfunds.com
30
7/27/2019 Opportunities in Resources and Emerging Markets
31/106
usfunds.comSeptember 2013 13-467
usfunds.com
Gold Does Not Look Like a Bubble
31
7/27/2019 Opportunities in Resources and Emerging Markets
32/106
f d
7/27/2019 Opportunities in Resources and Emerging Markets
33/106
usfunds.comSeptember 2013 13-467
usfunds.com
Facebook and Apple Lost MoreMoney for Investors than Gold ETF
33
7/18/2013
f d
7/27/2019 Opportunities in Resources and Emerging Markets
34/106
usfunds.comSeptember 2013 13-467
usfunds.com
Even After a 2 Year Gold Selloff, Investors Are AheadWith 10 Percent Weighting in Our Gold Funds
34
The chart illustrates the performance of a hypothetical $10,000 investment made in the funds and strategy during the depicted time frame. Figures includereinvestment of capital gains and dividends, but the performance does not include the effect of any direct fees described in the funds prospectus (e.g.,short-term trading fees) which, if applicable, would lower your total returns. This hypothetical portfolio is presented for educational and illustrative purposesonly and is not a recommendation to engage in any particular investment strategy. Past performance does not guarantee future results.
usfunds com
7/27/2019 Opportunities in Resources and Emerging Markets
35/106
usfunds.comSeptember 2013 13-467
usfunds.com
Massive Liquidation of Financial Gold
35
usfunds com
7/27/2019 Opportunities in Resources and Emerging Markets
36/106
usfunds.comSeptember 2013 13-467
usfunds.com
Contrarian Tool
Gold Net Commercial Posit ion
36
usfunds com
7/27/2019 Opportunities in Resources and Emerging Markets
37/106
usfunds.comSeptember 2013 13-467
usfunds.com
Contrarian Investing Market Vane Bullish Consensus
37
usfunds com
7/27/2019 Opportunities in Resources and Emerging Markets
38/106
usfunds.comSeptember 2013 13-467
usfunds.com
Shorting Gold is a Crowded Trade
38
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
39/106
usfunds.comSeptember 2013 13-467
usfunds.com
Managing Expectations Year-over-Year Rolling Oscillator
39
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
40/106
usfunds.comSeptember 2013 13-467
Massive Redemptions in Emerging MarketEquity and Bond Fund Flows
40
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
41/106
usfunds.comSeptember 2013 13-467
Fear of QE3 Slowing TriggeredMassive Outflows in Funds
41
Ben Bernanke
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
42/106
usfunds.comSeptember 2013 13-467
Although Yields on Long-Term Bonds and MortgagesRose, Money Markets Remained Unchanged
42
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
43/106
usfunds.comSeptember 2013 13-467
The Spotty Track Record of the FederalReserves Economic Projections
Alan Greenspan Ben Bernanke
43
7/27/2019 Opportunities in Resources and Emerging Markets
44/106
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
45/106
usfunds.comSeptember 2013 13-467 45
Managing Expectations Yearly VolatilityThe Math
View the presentation Anticipate Before You Participate atwww.usfunds.com/investor-resources/publications/research
Roll ing 1 Year
NYSE Arca GoldBUGS Index (HUI) 35.7%
WTI Crude Oil 34.8%
MSCI Emerging Markets (MXEF) 30.6%
S&P 500 Index (SPX) 17.5%
Gold Bullion 15.2%
12-month rolling volatility of price action over 10-year period
Standard Deviation (as of 6/30/13) based on 10-Year Data
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
46/106
usfunds.comSeptember 2013 13-467 46
Card Counting Allowed Managing Expectations Anticipate Before You Participate
Measuring Monthly Volatility
Number of +10% Moves
Number of -10% Moves
Frequency of 10% Moves
NYSE Arca Gold BUGS Index (HUI) 468 323 30%
WTI Crude Oil 401 276 26%
MSCI Emerging Markets (MXEF) 135 174 12%
Gold Bull ion 126 71 8%
S&P 500 Index (SPX) 33 68 4%
Calculated over rolling 20-trading day periods. Based on approximately 2,550 total occurrences over the past 10 years as of 6/30/2013.
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
47/106
usfunds.comSeptember 2013 13-467
Gold Demand Drivers
47
Elvis Presley
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
48/106
usfunds.comSeptember 2013 13-467
Follow the Money Global LiquidityBoom Good for Gold and Emerging Markets
48
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
49/106
usfunds.comSeptember 2013 13-467
Follow the Money UnprecedentedCash Injections from Central Banks
49
7/27/2019 Opportunities in Resources and Emerging Markets
50/106
7/27/2019 Opportunities in Resources and Emerging Markets
51/106
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
52/106
usfunds.comSeptember 2013 13-467
Low Real Interest Rates HistoricallyFuel Gold, Silver and Oil
52
Tipping Point for Gold
2%
Gold & silver perform well inlow or negative real interestrate environments
+2%
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
53/106
usfunds.comSeptember 2013 13-467
Great Roll Over or Rip Off Creates Opportunity
53
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
54/106
usfunds.comSeptember 2013 13-467
Gold and U.S. Real Rates
54
7/27/2019 Opportunities in Resources and Emerging Markets
55/106
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
56/106
usfunds.comSeptember 2013 13-467
Manipulation of CPI Calculation?9.38% vs. 1.75% Debate
56
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
57/106
usfunds.comSeptember 2013 13-467
Frugal American HouseholdFinancial Obligations Ratio
57
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
58/106
usfunds.comSeptember 2013 13-467
U.S. GDP
58
7/27/2019 Opportunities in Resources and Emerging Markets
59/106
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
60/106
usfunds.comSeptember 2013 13-467
Gold in Rupee Terms Is Up58% Over Past Three Years
60
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
61/106
usfunds.comSeptember 2013 13-467
Driver: The Love Trade
61
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
62/106
usfunds.comSeptember 2013 13-467
Gold Love Trade Strong Correlation Between Rising Incomes and Gold Price
62
usfunds.com
M i E i
7/27/2019 Opportunities in Resources and Emerging Markets
63/106
usfunds.comSeptember 2013 13-467 63
Managing Expectations Gold Seasonality
Past performance is no guarantee of future results.
usfunds.com
7/27/2019 Opportunities in Resources and Emerging Markets
64/106
usfunds.comSeptember 2013 13-467
Holidays Drive Gold Demand
64
usfunds.com
Will G ld F ll It S l
7/27/2019 Opportunities in Resources and Emerging Markets
65/106
usfunds.comSeptember 2013 13-467
Will Gold Follow Its SeasonalPattern This Year?
65
September 9, 2013
7/27/2019 Opportunities in Resources and Emerging Markets
66/106
usfunds.com
All Known ETF Holdings
7/27/2019 Opportunities in Resources and Emerging Markets
67/106
usfunds.comSeptember 2013 13-467
All Known ETF Holdingsof Financial Gold Bullion Falls
67
7/27/2019 Opportunities in Resources and Emerging Markets
68/106
7/27/2019 Opportunities in Resources and Emerging Markets
69/106
7/27/2019 Opportunities in Resources and Emerging Markets
70/106
7/27/2019 Opportunities in Resources and Emerging Markets
71/106
7/27/2019 Opportunities in Resources and Emerging Markets
72/106
usfunds.com
Follow the Money (Gold) to China
7/27/2019 Opportunities in Resources and Emerging Markets
73/106
usfunds.comSeptember 2013 13-467
Follow the Money (Gold) to ChinaChina Consumes Almost 100% of Worlds Gold Mine Production
73
7/27/2019 Opportunities in Resources and Emerging Markets
74/106
usfunds.com
Gold Companies Are Getting Leaner with Write-Downs
7/27/2019 Opportunities in Resources and Emerging Markets
75/106
usfunds.comSeptember 2013 13-467
p gof $23.1 Billion, which Has Impacted Gold Equity Funds
75
usfunds.com
The Replacement Cost for an Ounce Of Gold is $1500
7/27/2019 Opportunities in Resources and Emerging Markets
76/106
usfunds.comSeptember 2013 13-467 76
with $1700 as a Sustainable Number (2012) SoUnder $1500 Many Projects Will Not Come on Stream
7/27/2019 Opportunities in Resources and Emerging Markets
77/106
usfunds.com
Gold Exploration Spending Has
7/27/2019 Opportunities in Resources and Emerging Markets
78/106
usfunds.comSeptember 2013 13-467
p p gSkyrocketed Without True Success
78
At $9 billion/year plus replacementrequirements of 90 Million oz/year a discovery cost of $100/oz isneeded. This is low.
7/27/2019 Opportunities in Resources and Emerging Markets
79/106
7/27/2019 Opportunities in Resources and Emerging Markets
80/106
7/27/2019 Opportunities in Resources and Emerging Markets
81/106
7/27/2019 Opportunities in Resources and Emerging Markets
82/106
7/27/2019 Opportunities in Resources and Emerging Markets
83/106
usfunds.com
GROW: Best Performer Since June 30
7/27/2019 Opportunities in Resources and Emerging Markets
84/106
usfunds.com
September 2013 13-467 84
Past performance is no guarantee of future results.
7/27/2019 Opportunities in Resources and Emerging Markets
85/106
7/27/2019 Opportunities in Resources and Emerging Markets
86/106
7/27/2019 Opportunities in Resources and Emerging Markets
87/106
7/27/2019 Opportunities in Resources and Emerging Markets
88/106
7/27/2019 Opportunities in Resources and Emerging Markets
89/106
7/27/2019 Opportunities in Resources and Emerging Markets
90/106
7/27/2019 Opportunities in Resources and Emerging Markets
91/106
7/27/2019 Opportunities in Resources and Emerging Markets
92/106
7/27/2019 Opportunities in Resources and Emerging Markets
93/106
7/27/2019 Opportunities in Resources and Emerging Markets
94/106
7/27/2019 Opportunities in Resources and Emerging Markets
95/106
7/27/2019 Opportunities in Resources and Emerging Markets
96/106
7/27/2019 Opportunities in Resources and Emerging Markets
97/106
7/27/2019 Opportunities in Resources and Emerging Markets
98/106
7/27/2019 Opportunities in Resources and Emerging Markets
99/106
7/27/2019 Opportunities in Resources and Emerging Markets
100/106
7/27/2019 Opportunities in Resources and Emerging Markets
101/106
7/27/2019 Opportunities in Resources and Emerging Markets
102/106
7/27/2019 Opportunities in Resources and Emerging Markets
103/106
7/27/2019 Opportunities in Resources and Emerging Markets
104/106
usfunds.com
Disclosure
7/27/2019 Opportunities in Resources and Emerging Markets
105/106
usfunds.comSeptember 2013 13-467
Holdings in the U.S. Global Investors Funds mentioned as a percentage of net assets as of 6/30/2013: Agnico Eagle Mines (Gold and PreciousMetals Fund 2.10%, World Precious Minerals Fund 2.49%); Alamos Gold (Global Resources Fund 0.20%, Gold and Precious Metals Fund1.55%, World Precious Minerals Fund 1.62%); Anglogold Ashanti (Gold and Precious Metals Fund 0.01%, World Precious Minerals Fund0.01%); Apple 0.00%; Aurico Gold (Gold and Precious Metals Fund 0.95%, World Precious Minerals Fund 0.46%); Barrick Gold (Gold and
Precious Metals Fund 2.18%, World Precious Minerals Fund 0.12%); Cia De Minas Buenaventura (Gold and Precious Metals Fund 0.34%);Eldorado Gold (Gold and Precious Metals Fund 0.19%, World Precious Minerals Fund 0.12%); Enric 0.00%; Facebook 0.00%; Franco-Nevada(Gold and Precious Metals Fund 2.30%, World Precious Minerals Fund 0.89%); Gold Fields (Gold and Precious Metals Fund 0.01%, WorldPrecious Minerals Fund 0.01%); Goldcorp (Global Resources Fund 1.89%, Gold and Precious Metals Fund 0.21%, World Precious MineralsFund 0.12%); Harmony Gold (Gold and Precious Metals Fund 1.95%, World Precious Minerals Fund 1.55%); Hecla Mining 0.00%; Iamgold (Goldand Precious Metals Fund 0.07%, World Precious Minerals Fund 0.02%); Impala Platinum 0.00%; iShares Core Total US Bond 0.00%; iSharesRussell 2000 ETF 0.00%; Kinross Gold (Gold and Precious Metals Fund 1.00%, World Precious Minerals Fund 0.14%); Newcrest Mining (Goldand Precious Metals Fund 1.56%); Newmont Mining (Gold and Precious Metals Fund 2.25%, World Precious Minerals Fund 0.06%); Pan
American Silver Corp (Gold and Precious Metals Fund 2.00%, World Precious Minerals Fund 0.25%); Randgold Resources (Global Resources
Fund 1.47%, Gold and Precious Metals Fund 0.06%, World Precious Minerals Fund 0.06%); Royal Gold (Gold and Precious Metals Fund0.65%); Semafo (Gold and Precious Metals Fund 0.17%, World Precious Minerals Fund 0.15%); Silver Wheaton (Gold and Precious MetalsFund 0.35%, World Precious Minerals Fund 0.28%); SPDR Gold Trust (GLD) (Gold and Precious Metals Fund 4.45%, World Precious MineralsFund 2.59%); SPDR S&P 500 ETF (All American Equity Fund 0.34%); SPDR S&P Global Natural Resources ETF 0.00%; Yamana Gold (Goldand Precious Metals Fund 2.37%, World Precious Minerals Fund 1.54%)
105
usfunds.com
Disclosures
7/27/2019 Opportunities in Resources and Emerging Markets
106/106
usfunds.comSeptember 2013 13-467
Investment Objective: The Gold and Precious Metals Fund is an actively managed mutual fund that focuses on gold and preciousmetals producing companies. The World Precious Minerals Fund is an actively managed fund that focuses on junior and intermediateprecious metals exploration companies around the world.
The SPDR S&P 500 ETF Trust (SPY) is a passively managed fund that, before expenses, seeks to correspond generally to the priceand yield performance of the S&P 500 Index.
Liquidity: The Gold and Precious Metals Fund and World Precious Minerals Fund can be purchased or sold at a net asset value(NAV) determined at the end of each trading day. The SPDR S&P 500 ETF can be purchased or sold intraday. These purchases andredemptions may generate brokerage commissions and other charges not reflected in the ETFs published expense ratio.
Safety/Fluctuations of principal/return: Loss of money is a risk of investing in the Gold and Precious Metals Fund, the WorldPrecious Minerals Fund and the SPDR S&P 500 ETF. Shares of the three securities are subject to sudden fluctuations in value. TheSPDR S&P 500 ETF may also be subject to bid-ask premiums or discounts to net asset value (NAV) that could adversely affect ashareholders actual returns.
Tax features: The Gold and Precious Metals Fund and World Precious Minerals Fund intend to make distributions that may be taxedas ordinary income or capital gains. Under current federal law, long-term capital gains for individual investors in the fund are taxed at amaximum rate of 15%.
For the SPDR S&P 500 ETF, long-term capital gain distributions will result from gains on the sale or exchange of capital assets held bythe fund for more than one year. Any long-term capital gains distributions you receive from a fund are taxable as long-term capital gainregardless of how long you have owned your shares. Long-term capital gains are currently taxed at a maximum of 15%. Informationprovided here is neither tax nor legal advice and is general in nature. Federal and state laws and regulations are subject to change.
106
Top Related