美國環球投資公司

Frank Holmes 是 US Global Investors, Inc. 的執行長兼首席投資官，該公司是一家位於聖安東尼奧的精品投資顧問公司，管理專門從事自然資源和新興市場領域的國內和離岸基金。該公司的免傭共同基金包括全球資源基金（股票代號 PSPFX）、世界貴重礦產基金（UNWPX）和黃金股基金（USERX）。

U.S. Global Investors, Inc. is a boutique investment advisory firm based in San Antonio, Texas. The company manages both domestic and offshore funds that specialize in the natural resources and emerging markets sectors. Some of the company's no-load mutual funds include the Global Resources Fund (ticker PSPFX), the World Precious Minerals Fund (UNWPX) and the Gold Shares Fund (USERX).

US Global Investors, Inc. 是一家位於德州聖安東尼奧的精品投資顧問公司。該公司管理專門從事自然資源和新興市場領域的國內和離岸基金。該公司的一些免傭共同基金包括全球資源基金（股票代號 PSPFX）、世界珍貴礦產基金（UNWPX）和黃金股基金（USERX）。

Before investing in any fund, investors should carefully consider the fund's investment objectives, risks, charges and expenses. This and other important information is available in a fund prospectus, which can be obtained by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). The prospectus should be read carefully before investing. U.S. Global Brokerage, Inc. distributes the funds.

在投資任何基金之前，投資人應仔細考慮基金的投資目標、風險、收費和支出。這些資訊和其他重要資訊可在基金招股說明書中找到，您可以透過造訪 www.usfunds.com 或致電 1-800-US-FUNDS (1-800-873-8637) 取得該招股說明書。投資前應仔細閱讀招股說明書。 US Global Brokerage, Inc. 負責分配資金。

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be suitable for all investors. Investing in foreign and emerging markets carries special risks, including currency fluctuation and less public disclosure, as well as economic and political risk.

所有表達的意見和提供的數據如有更改，恕不另行通知。其中一些觀點可能不適合所有投資者。投資外國和新興市場會帶來特殊風險，包括貨幣波動和公開揭露較少，以及經濟和政治風險。

The S&P/TSX Global Gold Index is an international benchmark that tracks the world's leading gold companies with the goal of providing an investable representative index of publicly-traded international gold companies. The FTSE Gold Mines Index Series includes all gold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces per year, and that derive 75% or more of their revenue from mined gold.

S&P/TSX 全球黃金指數是追蹤全球領先黃金公司的國際基準，旨在提供公開交易的國際黃金公司的可投資代表性指數。富時金礦指數系列包括每年可持續且可歸屬的黃金產量至少為 300,000 盎司、且 75% 或以上收入來自開採黃金的所有金礦公司。

As of June 30, 2007, the following were the holdings as a percentage of net assets: Jiangxi Copper (China Region Opportunity Fund 1.74%); Silvercorp Metals Inc. (World Precious Minerals Fund 2.78%, Global Resources Fund 0.89%, China Region Opportunity Fund 2.42%); Gold Fields Ltd. (Gold Shares Fund 6.05%, World Precious Minerals Fund 2.58%, Global Resources Fund 0.39%); Sino Gold Mining Ltd. (Gold Shares Fund 1.03%, World Precious Minerals Fund 0.58%, China Region Opportunity Fund 0.27%); Anglogold Ashanti (0.0%); Dynasty Gold (0.0%).

截至2007年6月30日，持股佔淨資產的比例如下： 江西銅業（中國區域機會基金1.74%）； Silvercorp Metals Inc.（世界貴金屬基金 2.78%、全球資源基金 0.89%、中國地區機會基金 2.42%）； Gold Fields Ltd.（黃金股份基金 6.05%、世界貴金屬基金 2.58%、全球資源基金 0.39%）；中金礦業有限公司（黃金股份基金 1.03%、世界貴金屬礦產基金 0.58%、中國地區機會基金 0.27%）； Anglogold Ashanti (0.0%)；王朝金 (0.0%)。