About NEARX
The U.S. Global Investors Near-Term Tax Free Fund is an open-ended mutual fund focused on delivering tax-exempt income by investing primarily in short-term, investment-grade municipal bonds. Its core purpose is to provide a high level of current income exempt from federal income tax, including the alternative minimum tax, while maintaining capital preservation. By concentrating on municipal securities with maturities of five years or less, the fund aims to reduce interest rate risk and enhance liquidity for investors.
The fund allocates assets to a diversified range of municipal debt instruments issued by state and local governments, agencies, authorities, as well as the District of Columbia and U.S. territories. Holdings typically include general obligation bonds, revenue bonds, industrial development bonds, municipal lease obligations, and single-state bonds, all with high credit ratings from major agencies. Through a combination of fundamental credit analysis and active management strategies, the fund seeks to balance yield objectives with prudent risk controls. The U.S. Global Investors Near-Term Tax Free Fund plays a significant role in the municipal bond market, catering primarily to investors seeking stable, tax-advantaged income with relatively low duration exposure.
Fund Family U.S. Global Investors
Category Muni National Short
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol NEARX
Index Bloomberg Municipal Bond 3 Y TR
NEARX had a total return of -0.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.37%.
