Fund Evaluator:
US Global Investors Global Res (PSPFX)
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Best Performing in Natural Resources Over the Last Year
| 46.3% | GMO Resources I (GEACX) |
| 43.7% | PGIM Jennison Natural Resources Z (PNRZX) |
| 42.8% | US Global Investors Global Res (PSPFX) |
| 42.5% | Nomura Natural Resources Y (IGNYX) |
| 40.8% | Fidelity Advisor Global Commodity Stk Z (FIQRX) |
Fund Details
US Global Investors Global Res Overview
US Global Investors Global Res (PSPFX) is an actively managed Sector Equity Natural Resources fund. U.S. Global Investors launched the fund in 1983.
The investment seeks long-term growth of capital plus protection against inflation and monetary instability. Under normal market conditions, the fund will invest at least 80% of its net assets in equity and equity-related securities of companies involved in the natural resources industries, which include, among others, the following industries: natural gas, integrated oil companies, hard rock or oil and gas drilling, oil and gas exploration and production, oil and gas refining, oilfield equipment/services, aluminum, chemicals, base metals and specialty minerals, gold and precious metals, iron and steel, paper and forest products, etc.
About US Global Investors Global Res (PSPFX)
There are 3 members of the management team with an average tenure of 14.72 years: Ralph Aldis (2015), Joanna Sawicka (2020), Frank Holmes (1999). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Global Natural Resources NR USD index with a weighting of 100%. US Global Investors Global Res has 127 securities in its portfolio. The top 10 holdings constitute 45.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
US Global Investors Global Res is part of the Equity global asset class and is within the Sector Equity fund group. US Global Investors Global Res has 73.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 23.2%. There is 70.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 2.4% (0.0% domestic bond, 2.4% foreign bond and 0.0% convertible bond). US Global Investors Global Res has 3.5% of the portfolio in cash.
Assets Under Management
The fund has $52 million in total assets, which is below the $233 million average for the Natural Resources category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PSPFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The US Global Investors Global Res expense ratio is high compared to funds in the Natural Resources category. US Global Investors Global Res has an expense ratio of 1.75%, which is 52% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. US Global Investors Global Res has a portfolio turnover rate of 60%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Natural Resources category.
Recently, in the month of July 2026, US Global Investors Global Res returned -1.8%, which earned it a grade of D, as the Natural Resources category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
US Global Investors Global Res has a trailing yield of 48.26%, which is above the 2.18% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
US Global Investors Global Res Grades
Year to date, the fund has returned -7.4%, 21.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 42.8% over the past year (grade of B), 13.2% over the past three years (grade of B) and 6.2% per year over the past five years (grade of D) and 6.6% per year over the past 10 years (grade of F).
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PSPFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PSPFX Return (NAV) | -1.8% | -18.1% | 42.8% | 13.2% | 6.2% | 6.6% |
| PSPFX Grade | D | F | B | B | D | F |
| +/- Category | -3.7% | -13.2% | 9.2% | 1.8% | -5.4% | -2.9% |
| Natural Resources Avg | 1.9% | -5.0% | 33.6% | 11.4% | 11.6% | 9.5% |
| PSPFX Tax Cost Ratio | na | na | 12.0% | 4.7% | 5.3% | 3.4% |
PSPFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PSPFX Return (NAV) | -7.4% | 80.3% | -3.7% | -7.7% | -12.1% | 13.6% | 36.9% | 7.8% | -25.0% | 19.6% | 15.0% |
| PSPFX Grade | F | A | F | F | F | F | A | F | F | B | F |
| +/- Category | -21.1% | 51.7% | -3.2% | -11.0% | -20.1% | -17.2% | 27.4% | -7.0% | -4.5% | 6.5% | -13.6% |
| Natural Resources Avg | 13.7% | 28.6% | -0.5% | 3.4% | 8.0% | 30.8% | 9.6% | 14.8% | -20.5% | 13.1% | 28.6% |
| Risk Measures | |
| Standard Deviation: | 23.4% |
| Total Risk Index: | 1.91 - High |
| Category Risk Index: | 1.32 - High |
| Category Risk Grade: | F (106% Rank) |
| Beta: | 0.95 |
| R-Squared: | 26% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 48.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $52 Mil |
| Fund Total Assets: | $ 53 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 60% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 27.2 years | |||
| Average Tenure: 14.7 years | |||
| Managers (Year): Holmes Frank (1999), Aldis Ralph (2015), Sawicka Joanna (2020) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 127 |
| % in Top 10 Holdings: | 45.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 73.0% |
Portfolio Allocation |
|
| Domestic Stock: | 23.2% |
| Foreign Stock: | 70.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 2.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 3.5% |
Purchase Information
| Fund Family: | U.S. Global Investors |
| Phone Number: | 800-873-8637 |
| Website: | www.usfunds.com |
| Status: | Open |
| Inception Date: | August 3, 1983 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.75% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | US Global Investors Global Res |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
