U.S. Global’s Near-Term Tax Free Fund adds manager Ralph Aldis

By Toni Weeks

San Luis Obispo, Calif., April 22 – U.S. Global Investors Funds announced it has added Ralph Aldis to the portfolio management team that manages the Near-Term Tax Free Fund, according to a 497K filing with the Securities and Exchange Commission.

The fund seeks to provide a high level of current income that is exempt from federal income taxation and to preserve capital. Under normal market conditions, it 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. The fund will maintain a weighted-average portfolio maturity of five years or less.

San Antonio-based U.S. Global Investors, Inc. serves as the investment adviser.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.