Near Term Tax-Free Fund
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Earn Higher Income
While Preserving Your
Capital with the
United Services Near Term
Tax-Free Fund
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Surprised
SURPRISED BY HOW MUCH OF YOUR INCOME GOES TO THE FEDERAL GOVERNMENT EVERY YEAR?
Four star rating from Morningstar. ****
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If you are nearing retirement, are in a high tax bracket, or have just ridden
the longest upward surge in stock market history and want to safeguard your
gains while ensuring future tax-free income, now is a good time to transfer a
portion of your returns from the stock market into tax-free bonds. The higher
your marginal tax bracket, the more you benefit from tax-free municipal bonds.
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You would need an
To match a tax-free yield of equivalent taxable yield of:
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Tax Bracket
15% 28% 31% 36% 39.6%
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3% 3.52% 4.17% 4.34% 4.69% 4.97%
4% 4.71% 5.56% 5.80% 6.25% 6.62%
5% 5.88% 6.94% 7.25% 7.81% 8.28%
6% 7.06% 8.33% 8.70% 9.38% 9.93%
7% 8.24% 9.72% 10.14% 10.94% 11.59%
The tax-free yields shown are hypothetical and do not assure performance.
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Four star rating from Morningstar. 5-year as of 9/30/97.
NOW IS A GREAT TIME TO EARN TAX-FREE INCOME WHILE PRESERVING CAPITAL:
call U.S. Global Investors at
1-800-557-2297, ext. 227
*For more complete information about US Global Investors' funds, including
charges and expenses, call 1-800-US-FUNDS or visit our Web site at
www.us-global.com for a free prospectus. Read it carefully before you invest or
send money. Past performance is no guarantee of future results. Investment
returns and principle will fluctuate so that you may have a gain or loss when
you sell shares.
Morningstar uses a proprietary rating system to show historical, risk-adjusted
performance. These ratings may change monthly and are calculated from the funds'
one-, three-, five-, and ten-year (when available) average annual returns in
excess of 90-day Treasury bill returns, with an appropriate adjustment for fees
and expenses and with a risk factor reflecting the funds' performance below
90-day T-bill returns. The one-year ranking is calculated using the same
methodology but is not a component of the overall ranking. Morningstar awards
five stars to funds in the top 10% of their category, four stars to the next
22.5%, three stars to the next 35%, two stars to the next 22.5% and one star in
the bottom 10%. Morningstar awarded the fund four stars out of 1374, 1374 and
668 near term tax-free funds for the 1, 3 and 5 year periods ended 9/30/97.
