U.S. Global Investors Global ResPSPFX

Morningstar Rating

Fund Research and Analysis

by Michael Breen

U.S. Global Investors Global Resources is resurgent, but tread lightly.

The good news: This fund has gained 35.5% for the year to date through July 27, 2009, trouncing 80% of its peers and the appropriate benchmark. The bad news: The fund dug itself Read more

Kudos

Good rally gains and strong overall results on Hicks and Smith's watch.

Fund provided good upmarket results and strong overall results during the tenure of Frank Holmes, who now guides the current managers macro view but who used to be in charge of the portfolio.

Expense ratio has declined considerably in recent years and is now rather attractive. Read more

Risks

This is management's first portfolio-management role.

Management's growth bias, taste for smaller-cap names, and interest in emerging-markets issues all court risk, and fund has been rather volatile in absolute and relative terms.

Posted huge losses as commodity stocks tanked in the second half of 2008. Read more

Strategy

Management balances a hefty stake of energy holdings with a sleeve of metals and mining stocks. It keeps roughly 10% of assets dedicated to precious metals. The portfolio's sector weightings stem from Read more

Management

Comanagers Brian Hicks and Evan Smith came on board in 2004. Although the duo sports considerable analyst and trading experience, this is its first portfolio-management role. Comanager Frank Holmes, who also is CEO and CIO of U.S. Global Investors, Read more

Inside Scoop

This fund is more growth-oriented and more adventurous than its typical peer. It tends to gain more than its peers when commodity stocks rally and lose more than its peers Read more

First Name

Last Name

Email Address

Zip Code

Create Password

Verify Password

(6-15 characters; case sensitive)

What is your occupation or job title?

Select...

Your registration indicates agreement to the terms of use.

Dodge & Cox: Health Care Now More Attractive
Watch more