EARN TAX-FREE
(graphics-picture of a money bag) INCOME
*****
in a 5-star Fund
for the three-year period ended 6/30/97.
U.S. GLOBAL INVESTORS
UNITED SERVICES NEAR-TERM TAX FREE FUND
Invest in a fund with a five star Morningstar rating for its 3-year performance,
the highest rating given to a mutual fund.
(graphics-cartoon picture of a man jumping up)
Earn high current income that is tax-free.
Invest in a 100% no-load fund, which means no sales charges and no commissions.
30-Day 30-Day
Current Yield Tax-Equivalent Yield*
4.85% 8.03%
as of 6/30/97 as of 6/30/97
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Call 308-1222
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(company logo)
U.S. GLOBAL INVESTORS
7900 CALLAGHAN ROAD
SAN ANTONIO, TEXAS 78229
*Assumes a tax-equivalent basis of 39.6%.
For more information, including charges and expenses, call 1-800-US-FUNDS for a
free prospectus. Read it carefully before investing or sending money. Past
performance is no guarantee of future results. Investment return and principal
value may fluctuate so that shares, when redeemed, may be worth more or less
than their origianl cost.
Average annual total returns for one-, three-, five-year and since inception are
5.86%, 5.11%, and 5.95%, respectively. Morningstar proprietary ratings reflect
historical risk adjust performance. The ratings are subject to change each
month. Morningstar is a nationally recognized fund rating service which awards
rankings that reflect historical risk-adjusted performance. These ratings may
change monthly, and they're calculated from the fund's one-, three- and
five-year (when available) average annual returns, over and above 90-day
Treasury bill returns, with an appropriate adjustment for fees, along with a
risk factor that shows the fund performance below the returns for 90-day
Treasury bill returns. It awards five stars to funds in the top 10% of their
category, four stars to funds in the next 22.5%, three stars to the next 35%,
two stars to the next 22.5% and one star to funds in the bottom 10%. The United
Services Near-Term Tax Free Fund received 4 stars out of 1315 for the 1-year
period ended 6/30/97; 4 stars out of 640 funds for the 5-year period ended
6/30/97. SAB371
