PORTFOLIO MANAGER/ADVISOR
Arthur J. Bonnel {PHOTOGRAPH OR ARTHUR J. BONNEL,
HEAD AND SHOULDERS}
Art Bonnel is the portfolio manager for the Bonnel Growth Fund which is one of
15 no-load mutual funds offered by U.S. Global Investors (U.S. Global). U.S.
Global, a registered investment adviser, manages approximately $1.5 billion in
net assets and services approximately 120,000 shareholder accounts.
Prior to joining U.S. Global Investors, Mr. Bonnel ran a growth fund which
earned the coveted 5-star ranking by Morningstar. His funds have beaten the S&P
500 averages for eight consecutive years and the Bonnel Growth Fund has been
ranked #2 for the two year period by Lipper. The Fund has been designated one of
the "Top Ten Funds for 1996" in Mutual Funds Magazine's December 1995 issue.
Investor's Business Daily named the Fund one of the best performing funds of all
growth funds for the 2 year period ending January 1997.
Mr. Bonnel was President and Registered Investment Advisor for Bonnel, Inc. from
1974 to 1987. During this time, he developed a proprietary stock selection
system to seek high growth issues. With over 25 years experience in the
financial industry, Mr. Bonnel has served on the Board of Directors of the
Kansas City Board of Trade, held a seat on the Exchange and was a Trust Officer
for Security National Bank of Nevada. In addition, he was a commissioned officer
in the United States Army.
Mr. Bonnel attended the University of Nevada where he graduated with a
Bachelor's of Science in Economics. He is currently an instructor and past
President of the Foundation Board at Truckee Meadows Community College, Reno,
Nevada.
Mr. Bonnel is a professional speaker for various national associations and has
been a guest commentator on PBS "Nightly Business Report", CNBC/FNN "MarketWrap"
and "Your Portfolio". He has been quoted as an authority on growth stocks in USA
Today, The Wall Street Journal and Investor's Business Daily as well as featured
in Forbes magazine, Fortune magazine, Mutual Funds Magazine, Kiplinger's
Personal Finance Magazine, Wall Street Transcript and Louis Rukeyser's Mutual
Funds.
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For more complete information about the Bonnel Growth Fund including charges and
expenses, call 1-800-4-BONNEL. Please read the prospectus carefully before
investing. Investment return and principal value will fluctuate. You may have a
gain or a loss when you sell shares. Past performance is no guarantee of future
results. Morningstar, a nationally recognized mutual fund rating service, awards
ratings which reflect historical risk-adjusted performance. Five stars are
awarded to funds in the top 10% of their category, four stars are awarded to
funds in the next 22.5%. The MIM Stock Appreciation Fund received 5 stars out of
284 funds for the 5-year period ended 12/31/94, and 4 stars out of 356 funds for
3-year period ended 12/31/94. Lipper Analytical Services ranked the Bonnel
Growth fund #2 for load-adjusted performance (annualized) for the period ending
12/31/96 for all retail and institutional bank-related and nonbank mid cap funds
regardless of asset size or method of distribution.
