U.S. GLOBAL RESOURCES FUND
According to Business Week -- One of the "Funds That Will Take You Where the
Action Is. They let yo pick your sector -- and still get plenty of
diversification."
(June 17, 1996)
FUND INFORMATION AS OF OCTOBER 31, 1996
PERFORMANCE
Average Annual Total Returns as of October 31, 1996
YEAR-TO-DATE ONE YEAR THREE YEAR
26.08% 33.58% 7.68%
THE PORTFOLIO
INDUSTRY DIVERSIFICATION % TOP 10 HOLDINGS %
- ------------------------ ---- --------------- ---
Chemical 10.4 1. Meridian 4.5
Metals 4.8 2. ENSCO Int'l 3.1
Oil/Gas 59.0 3. Woodside Petroleum 2.4
Gold 8.0 4. Abacan 2.6
Rails/Industrials 4.5 5. Boron Chemicals 2.2
Paper/Forest Products 5.0 6. Texaco 2.2
Others 11.3 7. Apache Corp. 2.0
(diamonds, utilities, cement) 8. British Petroleum 1.9
9. Royal Dutch Shell 1.9
10. Total 1.8
PORTFOLIO MANAGEMENT
RALPH ALDIS
Director of Research & Analysis, Portfolio Manager
CHARTERED FINANCIAL ANALYST, M.A. IN ENERGY AND MINERAL RESOURCES, UNIVERSITY OF
TEXAS AT AUSTIN AND B.S. WITH HONORS IN GEOLOGY, STEPHEN F. AUSTIN STATE
UNIVERSITY.
MICHAEL CHAPMAN
Senior Research Analyst
M.A. IN ENERGY AND MINERAL RESOURCES AND B.S. IN PETROLEUM ENGINEERING FROM THE
UNIVERSITY OF TEXAS AT AUSTIN.
NAIJANG ZHOU
Senior Research Analyst
PH.D. IN ENERGY ECONOMICS AND M.B.A. IN OPERATIONS MANAGEMENT FROM THE
UNIVERSITY OF TEXAS AT AUSTIN, B.S. IN PETROLEUM ENGINEERING FROM THE PETROLEUM
UNIVERSITY, CHINA.
FOR MORE INFORMATION ON THE U.S. GLOBAL RESOURCES FUND PLEASE CALL:
JOHANNA THORNBLAD STEPHANIE LINKOUS
VICE PRESIDENT COMMUNICATIONS ASSISTANT VICE PRESIDENT COMMUNICATIONS
210/308-1237 210/308-1214
- ----------
FOR MORE INFORMATION, INCLUDING CHARGES AND EXPENSES, CALL 1-800-873-3639.
PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING. INVESTMENT RETURNS AND
PRINCIPAL VALUE MAY VARY, AND YOU MAY HAVE A GAIN OR A LOSS WHEN YOU SELL
SHARES. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. AVERAGE ANNUAL TOTAL
RATE OF RETURN FOR 1, 5, AND 10 YEAR PERIODS ENDED 10/31/96, 33.58%, 7.68% AND
5.73% RESPECTIVELY. U.S. STANDS FOR "UNITED SERVICES."
