https://www.sec.gov/Archives/edgar/data/101507/000143510920000074/usgiholmes497.htm97 1 usgiholmes497.htm
U.S. GLOBAL INVESTORS FUNDS
Holmes Macro Trends Fund (the “Fund”)
Investor Class Shares
Supplement dated March 31, 2020, to the Prospectus dated May 1, 2019, as supplemented
IMPORTANT NOTICE REGARDING CHANGES TO THE FUND
At the March 27, 2020 meeting of the Board of Trustees (the “Board”) of U.S. Global Investors Funds, the Board approved, at the recommendation of U.S. Global Investors, Inc., the investment adviser to the Fund (“Adviser”), changes to the Fund’s name, investment strategies, and primary benchmark index, in order to highlight a focus on luxury goods-related investments, effective May 1, 2020. These changes, among other things, will be reflected in the Fund’s forthcoming prospectus and SAI dated May 1, 2020.
The costs incurred in connection with effectuating the changes to the Fund, such as filing fees, costs incurred in connection with the filing, printing, and mailing of shareholder notices, and attendant legal expenses, among other costs, will be borne by the Adviser and not the Fund’s shareholders. Trading costs associated with transitioning the Fund’s current portfolio of investments, which are expected to be minor, will be borne by the Fund. The Fund could also potentially realize taxable gains in connection with transitioning the Fund’s current portfolio of investments, which could expose the Fund’s shareholders to the possibility of a future capital gain distribution.
A summary of the anticipated changes to the Fund’s forthcoming prospectus and SAI dated May 1, 2020 is as follows:
1. The Holmes Macro Trends Fund will be renamed the Global Luxury Goods Fund.
2. The primary benchmark index for the Global Luxury Goods Fund shall be the S&P Global Luxury Index.
3. The section entitled “Principal Investment Strategies” will be revised as follows:...
Comments
HMMMMM !!!
These fund name changes remind me of this in 1982:
To distinguish the Cadillac Cimarron from the Chevrolet Cavalier and its Buick, Oldsmobile, and Pontiac counterparts, Cadillac standardized many of the available features offered on J-platform cars at the time, including air conditioning, leather seats, alloy wheels, power mirrors, full instrumentation (including tachometer; the only Cadillac to do so at the time), courtesy lights, intermittent wipers, rear window defogger, and AM/FM stereo. Its interior featured simulated aluminum trim, notably foregoing simulated wood trim.
A dressed up Chevy Cavalier
https://www.sec.gov/Archives/edgar/data/101507/000143510920000104/usgi_497e.htm
497 1 usgi_497e.htm
U.S. GLOBAL INVESTORS FUNDS
Holmes Macro Trends Fund (the “Fund”)
Investor Class Shares
Supplement dated April 28, 2020, to the Prospectus dated May 1, 2019, as supplemented
IMPORTANT NOTICE REGARDING THE FUND’S NAME, INVESTMENT STRATEGIES AND PRIMARY BENCHMARK INDEX
At the March 27, 2020 meeting of the Board of Trustees (the “Board”) of U.S. Global Investors Funds, the Board approved, at the recommendation of U.S. Global Investors, Inc., the investment adviser to the Fund (“Adviser”), changes to the Fund’s name, investment strategies, and primary benchmark index, in order to highlight a focus on luxury goods-related investments.
These changes, which were summarized in a supplement to the Fund’s prospectus dated March 31, 2020, and which were expected to become effective on May 1, 2020, have been postponed pending the resolution of regulatory considerations, and will not be implemented until further notice is made to shareholders.
* * *
For more information, please contact a Fund customer service representative toll free at
1-800-873-8637.
PLEASE RETAIN FOR FUTURE REFERENCE.