资产管理规模和收入 - 总资产管理规模(AUM)从2023年6月30日的23.70亿美元下降到2024年6月30日的15.62亿美元，下降34.1%[100] - 2024财年平均AUM为19亿美元，较2023财年的25亿美元下降26.9%，主要由于JETS ETF的资金流出[100] - 2024财年USGIF的投资管理费收入为160万美元，较2023财年的190万美元下降17.7%，主要由于平均资产管理规模下降和业绩费用下降所致[101][102] - 公司管理的3只美国ETF和1只欧洲ETF的管理费收入从2023财年的1320万美元下降到2024财年的940万美元[108] - 总营业收入下降27.1%，主要由于ETF资产管理费下降[118] - ETF资产管理费下降30.0%，主要由于JETS ETF平均资产管理规模下降[118] - USGIF资产管理费下降17.7%，主要由于平均资产管理规模下降和管理费减免减少[119] 投资收益 - 净投资收益增加578.5%，主要由于权益证券已实现和未实现损失减少[126] - 股息和利息收入增加34.1%，主要由于将现金投资到收益更高的现金等价物[126] - 公司2024财年总营收为10,984千美元，较2023财年下降27.2%[177] - 2024财年投资收益为2,395千美元，较2023财年增加329.4%[177] - 公司2024财年实现总投资收益2,144千美元，较2023财年的316千美元大幅增加[287] - 2024财年权益证券实现损失6,845千美元，2023财年为453千美元损失[287] - 2024财年权益证券未实现收益5,669千美元，2023财年为2,563千美元未实现损失[287] - 2024财年债券证券实现收益1,140千美元，2023财年为1,664千美元[287] - 2024财年持有权益证券的未实现损失为1,176千美元，2023财年为3,016千美元[289] 财务状况 - 现金及现金等价物增加2.0百万美元，主要由于本年度经营活动产生的现金流入[130,131] - 股东权益减少5.8%，主要由于回购普通股和宣派股息[131] - 2024年6月30日公司现金及现金等价物为27,399千美元，较2023年6月30日增加7.9%[172] - 2024年6月30日公司可供出售债务证券投资公允价值为4,414千美元，较2023年6月30日下降37.0%[172] - 2024年6月30日公司股东权益总额为49,006千美元，较2023年6月30日下降5.8%[174] - 2024年6月30日公司每股净资产为3.32美元，较2023年6月30日下降5.8%[174] - 2024年公司宣告每股现金股利0.02美元[173] - 2024年公司回购1,743,191股A类普通股[173] 会计政策和估计 - 公司认为与投资估值、所得税和股份支付估值相关的会计估计是关键会计估计[138][139][141] - 公司于2023年7月1日采用新的金融工具减值模型,确认了232,000美元的初始信用损失准备[226] - 公司于2023年7月1日采用预期信用损失模型(CECL)取代了原有的已发生损失模型,对持有至到期债务投资计提了232,000美元的初始信用损失准备[273] 风险因素 - 新冠疫情可能会再次对全球和国内经济及金融市场产生不利影响,从而对公司的资产管理规模、收入和经营业绩造成不利影响[136][147][148] 公司基本情况 - 公司提供投资顾问服务给美国环球投资基金,并为其提供行政服务,获得相关费用收入[191] - 公司拥有多家子公司,主要用于公司投资目的[191] - 公司的合并财务报表包括公司及其全资子公司的账户[192] - 公司持有的可变利益实体(VIE)中的投资和应收费用总额为1,047.8万美元和1,247.2万美元[194][195][196] - 公司不是上述VIE的主要受益人，因此不将其合并入账[194][196] 收入确认 - 公司的运营收入主要来自为客户提供的投资顾问和行政服务[215] - 投资顾问费包括基本费用和业绩费用两个部分[216] - 基本投资顾问费根据管理资产的平均值按约定的百分比收取[216] - 业绩费用在不再可能发生重大逆转时确认[217] - 行政服务费也根据管理资产的平均值按约定的百分比收取[218] - 公司为某些客户减免费用,这些费用减免被视为交易价格的减少[219] 投资组合 - 公司投资组合包括国际股票、固定收益共同基金和全球股票共同基金等权益证券[246] - 公司持有的可转换公司债券投资的公允价值为4.414亿美元[249,250] - 公司持有的可转换公司债券投资的主要估值输入包括波动率95%、信用利差8.2%和无风险利率4.1%[254] - 公司持有的可转换公司债券投资的公允价值在2023年6月30日为7.008亿美元[255] - 公司持有的股票认股权证投资的公允价值在2023年6月30日为290万美元[255] - 公司持有的交易性证券投资的公允价值为11.093亿美元[256,257] - 公司持有的交易性证券投资包括国际股票、固定收益共同基金和全球股票共同基金等[256,257] - 公司持有的交易性证券投资的未实现损失为7270万美元[256,257] - 公司持有的可供出售债务证券投资主要为可转换公司债券[260] - 公司将债务证券投资分类为持有至到期、交易性或可供出售[260] - 公司持有

There is a significant contrarian opportunity in the gold market, according to U.S. Global Investors (NASDAQ:GROW) CEO Frank Holmes. Despite gold surging past $2,500 an ounce for the first time in history, gold stocks remain undervalued compared to broader market indices. Holmes points to the influence of rising Treasury yields and shifting investor sentiment as key factors behind this disparity, but argues that these conditions create a unique chance for investors willing to take a long-term view. As gold ...

COCONUT CREEK, Fla., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Dear Mr. Frank Holmes and GROW Directors, Kanen Wealth Management, LLC ("KWM") is one of the largest shareholders of U.S. Global Investors, Inc. (NASDAQ: GROW), owning over 450K shares, representing 3.3% of the Company's stock. At the core of our thesis, we believe that the Company's current share price is significantly below its intrinsic value and that investments, real estate, and cash alone are worth more than the market cap. Additionally, we belie ...

Is Bitcoin set to rise even higher? Some analysts think the answer is yes, and quickly. This optimistic outlook, primarily driven by anticipated institutional investments and the approval of Bitcoin ETFs, highlights the growing mainstream acceptance of cryptocurrency. In this article, Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW), lays out a case for Bitcoin to take the spotlight and what it means for other cryptocurrencies. Experts forecast Bitcoin to hit $1M within a decade Bitcoin could be hea ...

San Antonio, TX, June 14, 2024 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, is pleased to announce that it will continue its payment of monthly dividends. The Company's Board of Directors (the "Board") approved payment of the $0.0075 per share per month dividend beginning in July 2024 and continuing through September 2024. The record dates are July 15, August 12 and September 16, ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Exhibit 99.1 Contact: Holly Schoenfeldt Director of Marketing 210.308.1268 hschoenfeldt@usfunds.com For Immediate Release U.S. Global Investors Reports Resilient Results for a Challenging March Quarter, Expands Brand in the U.K. ****************************************************************************************** SAN ANTONIO–May 9, 2024–U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ____________ to ____________. Commission File Number 0-13928 U.S. GLOBAL INVESTORS, INC. (Exact name of registrant as specified in its charter) Texas 7 ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

San Antonio, TX, April 23, 2024 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ:GROW) (the "Company"), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is excited to announce that its Europe-domiciled airlines ETF, the U.S. Global Jets UCITS ETF, has merged into the Travel UCITS ETF (TRIP), effective April 19, 2024. The Company acquired TRIP—which is also listed as TRYP in certain European markets—from HANetf, Europe's first and onl ...