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Trending ETFs

Name

As of 10/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$2.10

$25 M

2.33%

$0.05

1.29%

Vitals

YTD Return

2.2%

1 yr return

4.5%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

0.3%

Net Assets

$25 M

Holdings in Top 10

27.6%

52 WEEK LOW AND HIGH

$2.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$2.10

$25 M

2.33%

$0.05

1.29%

NEARX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Near-Term Tax Free Fund
  • Fund Family Name
    US Global Investors Funds
  • Inception Date
    Aug 08, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Frank Holmes

Fund Description

The Adviser uses a matrix of “top-down” macro models and “bottom-up” fundamental analysis to determine weightings in geographic regions, sectors and individual securities. The Adviser believes government policies are a precursor to change, and as a result, it monitors and tracks fiscal and monetary policies. The Adviser focuses on historical interest rate cycles and demographic trends.

In selecting investments, the Adviser will consider a bond’s credit analysis, structure (maturity, coupon, redemption features), and yield. The Adviser reviews these factors to determine the relative value of the bond in comparison to its market value and the market value of similar bonds.

Under normal market conditions, the Near-Term Tax Free Fund invests at least 80% of its net assets in investment grade municipal securities whose interest is free from federal income tax, including the federal alternative minimum tax. This policy is a fundamental policy of the fund and may not be changed without the approval of a majority of the outstanding shares of the fund. The fund may also invest in ETFs and other registered investment companies that provide exposure to municipal securities that exhibit yield, duration, and other characteristics comparable to the municipal securities in which the fund invests directly. The fund’s investments in such ETFs and registered investment companies will count toward satisfaction of the fund’s 80% policy. The fund will maintain a weighted-average portfolio maturity of five years or less. Although the fund intends to invest the majority of its assets in tax free securities, it may invest up to 20% of its assets in securities that pay taxable interest.

The fund invests only in debt securities that, at the time of acquisition, have one of the four highest ratings by Moody’s Investors Services (Aaa, Aa, A, Baa) or by Standard & Poor’s Corporation (AAA, AA, A, BBB) (or, if not rated by Moody’s or S&P, are determined by the Adviser to be of comparable quality). The fund will not invest more than 10% of its total assets in the fourth rating category. Investments in the fourth category may have speculative characteristics and, therefore, may involve higher risks.

The Adviser uses a matrix of statistical models to monitor market volatility and money flows, and as a result, the fund may at times maintain higher than normal cash levels.

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NEARX - Performance

Return Ranking - Trailing

Period NEARX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -1.9% 26.5% 65.49%
1 Yr 4.5% 2.4% 37.3% 96.95%
3 Yr -0.1%* -9.9% 3.4% 40.11%
5 Yr 0.3%* -6.7% 1104.9% 73.29%
10 Yr 0.8%* -0.8% 248.9% 90.39%

* Annualized

Return Ranking - Calendar

Period NEARX Return Category Return Low Category Return High Rank in Category (%)
2023 0.5% -1.4% 41.0% 98.27%
2022 -6.3% -39.7% 0.3% 12.89%
2021 -1.3% -5.6% 6.9% 88.04%
2020 1.8% -2.6% 310.0% 44.93%
2019 0.9% 0.0% 26.0% 96.72%

Total Return Ranking - Trailing

Period NEARX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -1.9% 26.5% 65.49%
1 Yr 4.5% 2.4% 37.3% 96.95%
3 Yr -0.1%* -9.9% 3.4% 40.11%
5 Yr 0.3%* -6.7% 1104.9% 73.29%
10 Yr 0.8%* -0.8% 248.9% 90.39%

* Annualized

Total Return Ranking - Calendar

Period NEARX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -1.3% 41.0% 93.41%
2022 -5.2% -39.7% 1.1% 14.51%
2021 -0.4% -4.8% 23761504.0% 93.82%
2020 2.6% -1.5% 17057.9% 83.13%
2019 2.3% 0.2% 3514.6% 97.22%

NAV & Total Return History


NEARX - Holdings

Concentration Analysis

NEARX Category Low Category High NEARX % Rank
Net Assets 25 M 3.22 M 71.9 B 97.81%
Number of Holdings 67 4 13418 95.42%
Net Assets in Top 10 6.9 M -317 M 3.45 B 96.81%
Weighting of Top 10 27.59% 1.9% 100.1% 16.07%

Top 10 Holdings

  1. County of Chisago MN 4.45%
  2. Harris County Water Control Improvement District No. 21 4.00%
  3. Williamsport Sanitary Authority 3.09%
  4. Port St Lucie Community Redevelopment Agency 2.84%
  5. City of Rio Rancho NM 2.53%
  6. Massachusetts Port Authority 2.24%
  7. City of Woodbury MN 2.15%
  8. Los Alamos Public School District 2.12%
  9. Nixa Public Schools 2.09%
  10. Delaware River Port Authority 2.09%

Asset Allocation

Weighting Return Low Return High NEARX % Rank
Bonds
89.06% 0.00% 150.86% 97.15%
Cash
10.94% -50.86% 43.45% 1.53%
Stocks
0.00% 0.00% 99.89% 78.51%
Preferred Stocks
0.00% 0.00% 0.08% 75.51%
Other
0.00% -3.72% 51.88% 71.86%
Convertible Bonds
0.00% 0.00% 0.93% 74.95%

Bond Sector Breakdown

Weighting Return Low Return High NEARX % Rank
Municipal
98.39% 44.39% 100.00% 49.57%
Derivative
0.00% -3.72% 51.88% 70.14%
Cash & Equivalents
0.00% 0.00% 43.45% 90.71%
Securitized
0.00% 0.00% 5.93% 75.02%
Corporate
0.00% 0.00% 9.41% 78.95%
Government
0.00% 0.00% 52.02% 77.15%

Bond Geographic Breakdown

Weighting Return Low Return High NEARX % Rank
US
89.06% 0.00% 142.23% 96.95%
Non US
0.00% 0.00% 23.89% 77.31%

NEARX - Expenses

Operational Fees

NEARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.01% 8.02% 22.11%
Management Fee 0.50% 0.00% 1.20% 82.89%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% 22.99%

Sales Fees

NEARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

NEARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NEARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 283.00% 58.71%

NEARX - Distributions

Dividend Yield Analysis

NEARX Category Low Category High NEARX % Rank
Dividend Yield 2.33% 0.00% 14.51% 58.69%

Dividend Distribution Analysis

NEARX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

NEARX Category Low Category High NEARX % Rank
Net Income Ratio 0.86% -0.53% 5.33% 90.53%

Capital Gain Distribution Analysis

NEARX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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NEARX - Fund Manager Analysis

Managers

Frank Holmes


Start Date

Tenure

Tenure Rank

Jun 04, 1999

23.01

23.0%

Mr. Holmes is Chief Executive Officer since 1989 and Chief Investment Officer since 1999 at U.S. Global Investors, Inc. Mr. Holmes had investment banking experience in the international capital markets and the gold mining industry. He was formerly President and Chairman of the Toronto Society of the Investment Dealers Association and a member of the Toronto Stock Exchange's Listing Committee as well as a member seat holder of the stock exchanges in Toronto, Montreal, Vancouver and Alberta.

Ralph Aldis


Start Date

Tenure

Tenure Rank

Apr 22, 2015

7.11

7.1%

Ralph P. Aldis, CFA, is a Portfolio Manager for U.S. Global Investors, Inc. Aldis has served as senior research analyst of the U.S. Global Investors, Inc. since 2001. Previously he was with United Services Advisors as director of research and analysis since April 1989. Before that, he spent three years in the research department at Neil A. Eisner and Company, and he also worked as a research assistant at Southwest Energy Associates during the summer of 1986. He is a member of the Society of Economic Geologists and the San Antonio Society of Financial Analysts.

Joanna Sawicka


Start Date

Tenure

Tenure Rank

May 01, 2020

2.08

2.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58