# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0001752724-23-048764
**Filing Date:** 2023-3
**Character Count:** 27483
**Document Hash:** 4cd610e5cd327d5ad4d2fa8c304550c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048764.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048764

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** US GLOBAL INVESTORS FUNDS
- **CENTRAL INDEX KEY:** 0000101507
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01800
- **FILM NUMBER:** 23690436

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **STREET 2:** SUITE 600
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 2103081234

**MAIL ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **STREET 2:** SUITE 600
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** US GLOBAL INVESTORS INC/ TX
- **DATE OF NAME CHANGE:** 19970224

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED SERVICES FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED SERVICES GOLD SHARES INC
- **DATE OF NAME CHANGE:** 19841106

## Series and Classes Contracts Data

### Gold and Precious Metals Fund (Series ID: S000004783)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000012994 | Gold and Precious Metals Fund | USERX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** U.S. GLOBAL INVESTORS FUNDS

- **b. Investment Company Act file number:** 811-01800

- **c. CIK number of Registrant:** 0000101507

- **d. LEI of Registrant:** 254900I1ONHL0TVFXN37

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** THREE CANAL PLAZA, SUITE 600

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 207-347-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** USGI GOLD AND PRECIOUS METALS FUND

- **b. EDGAR series identifier (if any):** S000004783

- **c. LEI of Series:** 254900JI6NGFC9EL1N92

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $111116144.96

**Total Liabilities:** $510124.77

**Net Assets:** $110606020.19

**Cash Not Reported:** $9556350.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012994 | -3.31%               | 14.30%               | 0.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2386363.32             | $-831900.72                                |
| Month 2  | $293401.26               | $14171151.47                               |
| Month 3  | $2362627.81              | $-1558435.96                               |

### Schedule of Portfolio Investments

| Name                         | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Resolute Mining Ltd          | Resolute Mining, Ltd.                           | CUSIP: N/A<br>LEI: 254900MP8JONT590XY28       | Long             | EC               | CORP              | AU        |   6939380 | NS      | $938372.99    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheaton Precious Metals Corp | Wheaton Precious Metals Corp.                   | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     25000 | NS      | $977000.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Aclara Resources Inc         | Aclara Resources, Inc.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    137400 | NS      | $32472.67     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Abaxx Technologies Inc       | Abaxx Technologies, Inc.                        | CUSIP: N/A<br>LEI: 5299002EIVMNJ21B5K89       | Long             | EC               | CORP              | CA        |    109000 | NS      | $201255.54    | 0.18%             |  |  |  | No            |                  3 | On Loan: No      |
| ABAXX TECHNOLOGIES IN        | Abaxx Technologies, Inc.                        | CUSIP: N/A<br>LEI: 5299002EIVMNJ21B5K89       | N/A              | DE               | CORP              | CA        |     54500 | NC      | $26968.24     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Filo Mining Corp             | Filo Mining Corp.                               | CUSIP: N/A<br>LEI: 54930049JO3VWJU1B514       | Long             | EC               | CORP              | CA        |     40000 | NS      | $686558.35    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Caribbean Resources Corp.    | Caribbean Resources Corp.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    485766 | PA      | $0.00         | 0.00%             | 2015-06-15      | Fixed         | 19.25%                | No            |                  3 | On Loan: No      |
| Gold Resource Corp           | Gold Resource Corp.                             | CUSIP: 38068T105<br>LEI: 5299006MQBYLDAOI2D32 | Long             | EC               | CORP              | US        |   1000000 | NS      | $1530000.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc              | Lundin Gold, Inc.                               | CUSIP: N/A<br>LEI: 549300ZOV16K515FC525       | Long             | EC               | CORP              | CA        |    200000 | NS      | $1954209.75   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DRDGOLD Ltd                  | DRDGOLD, Ltd.                                   | CUSIP: 26152H301<br>LEI: 529900Z0P3GRRN23MG34 | Long             | EC               | CORP              | ZA        |    165000 | NS      | $1221000.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mene Inc                     | Mene, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   6739285 | NS      | $2488657.68   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co              | Hecla Mining Co.                                | CUSIP: 4Z0997DE2<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      1286 | NC      | $86805.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp           | Franco-Nevada Corp.                             | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     20000 | NS      | $2729600.00   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd            | Ivanhoe Mines, Ltd.                             | CUSIP: N/A<br>LEI: 5299006XZISURYIA4G32       | Long             | EC               | CORP              | CA        |    350000 | NS      | $2765878.88   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamana Gold Inc              | Yamana Gold, Inc.                               | CUSIP: 98462Y100<br>LEI: 54930002VY22NXG01418 | Long             | EC               | CORP              | CA        |    490000 | NS      | $2719500.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EMX Royalty Corp             | EMX Royalty Corp.                               | CUSIP: N/A<br>LEI: 5299009B3YOKQ9FW5S21       | Long             | EC               | CORP              | CA        |   1250000 | NS      | $2307976.37   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd | Impala Platinum Holdings, Ltd.                  | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |    200000 | NS      | $2513373.72   | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| IAMGOLD Corp                 | IAMGOLD Corp.                                   | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    500000 | NS      | $1290000.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                          | Direxion Daily Gold Miners Index Bull 2X Shares | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       270 | NC      | $3780.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mineros SA                   | Mineros SA                                      | CUSIP: N/A<br>LEI: 549300991PEKFIGLDE07       | Long             | EC               | CORP              | CO        |   3400000 | NS      | $1757754.80   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPRESS ROYALTY CORP         | Empress Royalty Corp.                           | CUSIP: N/A<br>LEI: 254900BKH28GZ49I9F93       | N/A              | DE               | CORP              | CA        |    625000 | NC      | $4615.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Star Royalties Ltd           | Star Royalties, Ltd.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   3500000 | NS      | $943500.74    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd       | Agnico Eagle Mines, Ltd.                        | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     35000 | NS      | $1819650.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Base Carbon Inc              | Base Carbon, Inc.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |      7786 | NS      | $2875.07      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vox Royalty Corp             | Vox Royalty Corp.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1300000 | NS      | $3014771.05   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Leo Lithium Ltd              | Leo Lithium, Ltd.                               | CUSIP: N/A<br>LEI: 984500LD0A57A68EZ677       | Long             | EC               | CORP              | AU        |   4114694 | NS      | $1348522.41   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Signal Gold Inc              | Signal Gold, Inc.                               | CUSIP: N/A<br>LEI: 529900PSO7V74TAUXV95       | Long             | EC               | CORP              | CA        |   2000000 | NS      | $472673.56    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd   | Harmony Gold Mining Co., Ltd.                   | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |    500000 | NS      | $1700000.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DDH1 Ltd                     | DDH1, Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   5000000 | NS      | $3021623.12   | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Caledonia Mining Corp PLC    | Caledonia Mining Corp. PLC                      | CUSIP: G1757E113<br>LEI: 21380093ZBI4BFM75Y51 | Long             | EC               | CORP              | JE        |     25000 | NS      | $310000.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd  | Northern Star Resources, Ltd.                   | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |    100000 | NS      | $748331.85    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp           | Eldorado Gold Corp.                             | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    125000 | NS      | $1045000.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Centamin PLC                 | Centamin PLC                                    | CUSIP: N/A<br>LEI: 213800PDI9G7OUKLPV84       | Long             | EC               | CORP              | JE        |   3275000 | NS      | $4475368.25   | 4.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Argonaut Gold Inc            | Argonaut Gold, Inc.                             | CUSIP: N/A<br>LEI: 54930043XCKI4E8EQR38       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $384047.27    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Pantoro Ltd                  | Pantoro, Ltd.                                   | CUSIP: N/A<br>LEI: 254900ZMQXTNJJIP4K51       | Long             | EC               | CORP              | AU        |   9000000 | NS      | $594063.53    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| i-80 Gold Corp               | i-80 Gold Corp.                                 | CUSIP: N/A<br>LEI: 549300LFFIWIGUEXPK11       | Long             | EC               | CORP              | CA        |    500000 | NS      | $1395864.11   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Petropavlovsk PLC            | Petropavlovsk PLC                               | CUSIP: N/A<br>LEI: 213800ZZOU5P76L8XB92       | Long             | EC               | CORP              | GB        |   4886855 | NS      | $0.06         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Alkane Resources Ltd         | Alkane Resources, Ltd.                          | CUSIP: N/A<br>LEI: 529900R65IIVLPW4ZS42       | Long             | EC               | CORP              | AU        |   1000000 | NS      | $365315.59    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Superior Gold Inc            | Superior Gold, Inc.                             | CUSIP: N/A<br>LEI: 52990002R7D8X4WC1Z35       | Long             | EC               | CORP              | CA        |   3500000 | NS      | $607459.38    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Imdex Ltd                    | Imdex, Ltd.                                     | CUSIP: N/A<br>LEI: 529900H31NX5KRKXB865       | Long             | EC               | CORP              | AU        |    725000 | NS      | $1091342.81   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| OceanaGold Corp              | OceanaGold Corp.                                | CUSIP: N/A<br>LEI: 549300CBMSE8I9N3E232       | Long             | EC               | CORP              | CA        |   1200000 | NS      | $2286558.35   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd       | Sibanye Stillwater, Ltd.                        | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |    230000 | NS      | $2451800.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc        | Aya Gold & Silver, Inc.                         | CUSIP: N/A<br>LEI: 549300BWX8KJOTUL4M51       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $6661742.98   | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Orexplore Technologies Ltd   | Orexplore Technologies, Ltd.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1007351 | NS      | $61682.37     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Empress Royalty Corp         | Empress Royalty Corp.                           | CUSIP: N/A<br>LEI: 254900BKH28GZ49I9F93       | Long             | EC               | CORP              | CA        |   2000000 | NS      | $590841.95    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc               | K92 Mining, Inc.                                | CUSIP: N/A<br>LEI: 254900EA8H0X9FEVZU11       | Long             | EC               | CORP              | CA        |   2250000 | NS      | $12745568.69  | 11.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Black Cat Syndicate Ltd      | Black Cat Syndicate, Ltd.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   4393940 | NS      | $1070112.52   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Gold Corp            | Barrick Gold Corp.                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      2887 | NC      | $2887.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP             | Aris Gold Corp.                                 | CUSIP: 04041BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3862780 | PA      | $3814495.25   | 3.45%             | 2027-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Silver Lake Resources Ltd    | Silver Lake Resources, Ltd.                     | CUSIP: N/A<br>LEI: 254900Z1BWS584OIKJ61       | Long             | EC               | CORP              | AU        |   1000000 | NS      | $814031.91    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Santacruz Silver Mining Ltd  | Santacruz Silver Mining, Ltd.                   | CUSIP: N/A<br>LEI: 549300KR50UPLTF0XY61       | Long             | EC               | CORP              | CA        |   4000000 | NS      | $1196454.95   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucara Diamond Corp          | Lucara Diamond Corp.                            | CUSIP: N/A<br>LEI: 549300GGHEV7KQEE8R10       | Long             | EC               | CORP              | CA        |    700000 | NS      | $258493.35    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc              | Alamos Gold, Inc.                               | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    440000 | NS      | $4448400.00   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortuna Silver Mines Inc     | Fortuna Silver Mines, Inc.                      | CUSIP: N/A<br>LEI: 5493003Q88RVK7CW4735       | Long             | EC               | CORP              | CA        |    250000 | NS      | $939807.98    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SilverCrest Metals Inc       | SilverCrest Metals, Inc.                        | CUSIP: N/A<br>LEI: 549300M4CUMXUHSXYQ10       | Long             | EC               | CORP              | CA        |    200000 | NS      | $1196454.95   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vox Royalty Corp             | Vox Royalty Corp.                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |     50000 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Capital Ltd                  | Capital, Ltd.                                   | CUSIP: N/A<br>LEI: 213800XG175G91JW8W37       | Long             | EC               | CORP              | BM        |    575000 | NS      | $673780.29    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Bonterra Resources Inc       | Bonterra Resources, Inc.                        | CUSIP: N/A<br>LEI: 529900ODSQ5KQA5QC015       | Long             | EC               | CORP              | CA        |    300000 | NS      | $65361.89     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AngloGold Ashanti Ltd        | AngloGold Ashanti, Ltd.                         | CUSIP: 035128206<br>LEI: 378900EF3BA9A5F42A59 | Long             | EC               | CORP              | ZA        |     35000 | NS      | $679700.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc     | Torex Gold Resources, Inc.                      | CUSIP: N/A<br>LEI: 549300QL07027186GQ85       | Long             | EC               | CORP              | CA        |    115000 | NS      | $1320716.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                 | Newmont Corp.                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      2625 | NC      | $2625.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GoGold Resources Inc         | GoGold Resources, Inc.                          | CUSIP: N/A<br>LEI: 549300PNCGJ26Y676N19       | Long             | EC               | CORP              | CA        |   1200000 | NS      | $1923190.55   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Resources NL         | Emerald Resources NL                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2000000 | NS      | $1617483.41   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Gold Corp            | Barrick Gold Corp.                              | CUSIP: 70F99AUF1<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3071 | NC      | $85988.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP             | Aris Mining Corp.                               | CUSIP: N/A<br>LEI: 5493001GJ5TILX6L1F82       | N/A              | DE               | CORP              | CA        |   1274000 | NC      | $249342.69    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chrysos Corp Ltd             | Chrysos Corp., Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    250000 | NS      | $499331.41    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Firefinch Ltd                | Firefinch, Ltd.                                 | CUSIP: N/A<br>LEI: 52990065EGEF8FEI8S51       | Long             | EC               | CORP              | AU        |   5000000 | NS      | $476595.10    | 0.43%             |  |  |  | No            |                  3 | On Loan: No      |
| Silver X Mining Corp         | Silver X Mining Corp.                           | CUSIP: N/A<br>LEI: 894500TOVTJDJJ6WSU81       | Long             | EC               | CORP              | CA        |   8000000 | NS      | $2245199.41   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna Gold Corp              | Magna Gold Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1040000 | NS      | $23042.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc               | Royal Gold, Inc.                                | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     10000 | NS      | $1127200.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                 | Newmont Corp.                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     25000 | NS      | $1180000.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mandalay Resources Corp      | Mandalay Resources Corp.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    499200 | NS      | $1117116.69   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** US Global Investors Funds

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer