Fund Evaluator:
US Global Investors World Prec Mnral (UNWPX)
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Best Performing in Equity Precious Metals Over the Last Year
| 62.7% | US Global Investors World Prec Mnral (UNWPX) |
| 56.6% | US Global Investors Gld & Prec Mtls (USERX) |
| 55.0% | Sprott Gold Equity Investor (SGDLX) |
| 53.6% | Midas Discovery (MIDSX) |
| 52.6% | Rydex Precious Metals Inv (RYPMX) |
Fund Details
US Global Investors World Prec Mnral Overview
US Global Investors World Prec Mnral (UNWPX) is an actively managed Sector Equity Equity Precious Metals fund. U.S. Global Investors launched the fund in 1985.
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 principally engaged in the exploration for, or mining and processing of, precious stones and minerals, including but not limited to, gold, silver, platinum group, palladium, rare earth minerals, and diamonds. The fund also may purchase call and put options, and enter into covered option writing transactions. In addition, the fund may invest up to 15% of its net assets in illiquid securities. It is non-diversified.
About US Global Investors World Prec Mnral (UNWPX)
There are 3 members of the management team with an average tenure of 19.26 years: Ralph Aldis (2001), 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 NYSE Arca Gold Miners TR USD index with a weighting of 100%. US Global Investors World Prec Mnral has 153 securities in its portfolio. The top 10 holdings constitute 46.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
US Global Investors World Prec Mnral is part of the Equity global asset class and is within the Sector Equity fund group. US Global Investors World Prec Mnral has 82.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 11.9%. There is 80.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.7% (0.0% domestic bond, 1.7% foreign bond and 0.0% convertible bond). US Global Investors World Prec Mnral has 5.5% of the portfolio in cash.
Assets Under Management
The fund has $66 million in total assets, which is below the $433 million average for the Equity Precious Metals 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.
UNWPX 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 World Prec Mnral expense ratio is high compared to funds in the Equity Precious Metals category. US Global Investors World Prec Mnral has an expense ratio of 1.75%, which is 37% 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 World Prec Mnral has a portfolio turnover rate of 28%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 55% for the Equity Precious Metals category.
Recently, in the month of June 2026, US Global Investors World Prec Mnral returned -17.9%, which earned it a grade of F, as the Equity Precious Metals category had an average return of -15.0%. 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 World Prec Mnral has a trailing yield of 87.75%, which is above the 5.58% 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 World Prec Mnral Grades
Year to date, the fund has returned -3.7%, 5.8 percentage points better than the category, which translates into a grade of A. The fund has returned 62.7% over the past year (grade of A), 28.4% over the past three years (grade of F) and 2.2% per year over the past five years (grade of F) and 2.4% per year over the past 10 years (grade of F).
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UNWPX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| UNWPX Return (NAV) | -17.9% | -5.2% | 62.7% | 28.4% | 2.2% | 2.4% |
| UNWPX Grade | F | A | A | F | F | F |
| +/- Category | -2.9% | 10.5% | 13.8% | -10.4% | -15.6% | -8.8% |
| Equity Precious Metals Avg | -15.0% | -15.6% | 48.9% | 38.8% | 17.8% | 11.2% |
| UNWPX Tax Cost Ratio | na | na | 19.2% | 6.9% | 7.8% | 5.9% |
UNWPX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| UNWPX Return (NAV) | -3.7% | 136.4% | 2.1% | -16.2% | -32.9% | -14.2% | 70.6% | 22.6% | -31.7% | -4.2% | 75.1% |
| UNWPX Grade | A | D | F | F | F | F | A | F | F | F | A |
| +/- Category | 5.8% | -17.2% | -12.1% | -20.8% | -19.5% | -4.8% | 38.6% | -19.5% | -17.3% | -13.3% | 23.6% |
| Equity Precious Metals Avg | -9.5% | 153.6% | 14.1% | 4.6% | -13.5% | -9.4% | 32.0% | 42.1% | -14.4% | 9.1% | 51.4% |
| Risk Measures | |
| Standard Deviation: | 32.7% |
| Total Risk Index: | 2.69 - High |
| Category Risk Index: | 0.93 - Low |
| Category Risk Grade: | A (13% Rank) |
| Beta: | 1.11 |
| R-Squared: | 19% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 87.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $66 Mil |
| Fund Total Assets: | $ 67 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 28% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 27.1 years | |||
| Average Tenure: 19.3 years | |||
| Managers (Year): Holmes Frank (1999), Aldis Ralph (2001), Sawicka Joanna (2020) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 153 |
| % in Top 10 Holdings: | 46.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 82.2% |
Portfolio Allocation |
|
| Domestic Stock: | 11.9% |
| Foreign Stock: | 80.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 1.7% |
| Convertible Bond: | 0.0% |
| Other: | 0.4% |
| Cash: | 5.5% |
Purchase Information
| Fund Family: | U.S. Global Investors |
| Phone Number: | 800-873-8637 |
| Website: | www.usfunds.com |
| Status: | Open |
| Inception Date: | November 27, 1985 |
| 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 (%): | 1.28% |
| Share Class: | US Global Investors World Prec Mnral |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
