U.S. Global Investors, Inc. (Nasdaq: GROW), a boutique registered investment advisory firm specializing in natural resources and emerging markets, announces the Global Resources Fund (PSPFX) finished 2010 as the top-performing fund for the 1- and 10-year period in the global natural resources category, according to data from Lipper. In addition, the Global Resources Fund, the company’s largest fund, ranks in the top 5 percent for the 1-, 5- and 10-year periods among the entire mutual fund universe.
The Global Resources Fund (PSPFX) ranked 1 out of 131, 17 out of 54, and 1 out of 32 global natural resources funds for total return for the 1-, 5- and 10-year periods as of December 31, 2010. Of course, our past performance does not guarantee future results.
“We are very pleased to have achieved such outstanding relative short- and long-term performance in a volatile, evolving and competitive marketplace,” says Frank Holmes, U.S. Global’s CEO and chief investment officer.
As of December 31, 2010, the fund achieved a 38 percent 1-year return, nearly tripling the category average of 13.61 percent. Over the past 10 years, the fund has delivered a 19.49 percent annual return to shareholders versus the category average of 13.85 percent annualized return.In addition, the fund’s diversified portfolio has outpaced the performance of the underlying commodities such as oil and gold, which have returned 13 percent and 17.9 percent annually over the past 10 years, respectively, as of December 31, 2010. A hypothetical $10,000 invested in the S&P 500 ten years ago would have been worth $11,507 as of December 31, 2010. The same $10,000 investment in the Global Resources Fund would have been worth $59,373 for the same time period. These results reflect a reinvestment of capital gains and dividends, but does not include the effect of any direct fees described in the fund’s prospectus which, if applicable, would lower your returns.