# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0001752724-23-048760
**Filing Date:** 2023-3
**Character Count:** 60346
**Document Hash:** d03545957bdacd449c55933051df7b66
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048760.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048760

**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:** 23690428

**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

### World Precious Minerals Fund (Series ID: S000004784)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000012995 | World Precious Minerals Fund | UNWPX           |

## 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 WORLD PRECIOUS MINERALS FUND

- **b. EDGAR series identifier (if any):** S000004784

- **c. LEI of Series:** 254900VHFCA926PWYI69

**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:** $54907565.80

**Total Liabilities:** $119191.17

**Net Assets:** $54788374.63

**Cash Not Reported:** $872778.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012995 | -1.22%               | 7.41%                | -0.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-150359.57              | $-171166.48                                |
| Month 2  | $-367357.00              | $4680375.57                                |
| Month 3  | $-3811673.61             | $3352697.86                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Northern Graphite Corp          | Northern Graphite Corp.                         | CUSIP: N/A<br>LEI: 529900OUPY3FCWZYXT60       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $358197.93    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Amani Gold Ltd                  | Amani Gold, Ltd.                                | CUSIP: N/A<br>LEI: 549300OD5ZKXXJY7IP18       | Long             | EC               | CORP              | AU        |  54500000 | NS      | $37106.33     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Viva Gold Corp                  | Viva Gold Corp.                                 | CUSIP: N/A<br>LEI: 549300CWOCMDUYBF9W35       | Long             | EC               | CORP              | CA        |    500000 | NS      | $51698.67     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackwolf Copper and Gold Ltd   | Blackwolf Copper and Gold, Ltd.                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1000000 | NS      | $184638.11    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Gold Corp               | Compass Gold Corp.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2000000 | NS      | $110782.87    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp               | Barrick Gold Corp.                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      1575 | NC      | $1575.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nano One Materials Corp         | Nano One Materials Corp.                        | CUSIP: N/A<br>LEI: 549300WY1QJ560JAB909       | Long             | EC               | CORP              | CA        |   2750000 | NS      | $4955686.85   | 9.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Summit Minerals Corp        | Sun Summit Minerals Corp.                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    125000 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mawson Gold Ltd                 | Mawson Gold, Ltd.                               | CUSIP: N/A<br>LEI: 2549004SP30Z0UWKH476       | Long             | EC               | CORP              | CA        |    625000 | NS      | $103858.94    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NGEx Minerals Ltd               | NGEX Minerals, Ltd.                             | CUSIP: N/A<br>LEI: 549300M2DU5ORAGOIG27       | Long             | EC               | CORP              | CA        |    100000 | NS      | $227474.15    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO RESOURCES CORP             | Novo Resources Corp.                            | CUSIP: 67010B136<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |    112500 | NC      | $1661.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vizsla Silver Corp              | Vizsla Silver Corp.                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |     62500 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Imperial Mining Group Ltd       | Imperial Mining Group, Ltd.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    500000 | NS      | $34158.05     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Orexplore Technologies Ltd      | Orexplore Technologies, Ltd.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    267284 | NS      | $16366.40     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Desert Gold Ventures Inc        | Desert Gold Ventures, Inc.                      | CUSIP: N/A<br>LEI: 549300MQKAYD1XTYMJ96       | Long             | EC               | CORP              | CA        |    750000 | NS      | $33234.86     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cordoba Minerals Corp           | Cordoba Minerals Corp.                          | CUSIP: N/A<br>LEI: 529900JMZSEJCKFG2443       | Long             | EC               | CORP              | CA        |     58823 | NS      | $23676.91     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Strikepoint Gold Inc            | Strikepoint Gold, Inc.                          | CUSIP: N/A<br>LEI: 894500LHJRUBE3SL8176       | Long             | EC               | CORP              | CA        |   2750000 | NS      | $182791.73    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| E79 Resources Corp              | E79 Resources Corp.                             | CUSIP: N/A<br>LEI: 9845002B91E7X780QF05       | Long             | EC               | CORP              | CA        |   2000000 | NS      | $214180.21    | 0.39%             |  |  |  | No            |                  3 | On Loan: No      |
| Fremont Gold Ltd                | Fremont Gold, Ltd.                              | CUSIP: N/A<br>LEI: 529900CM5C70RNWV5S64       | Long             | EC               | CORP              | CA        |    400000 | NS      | $29542.10     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Sky Energy Corp             | Big Sky Energy Corp.                            | CUSIP: 089544100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2000000 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cassiar Gold Corp               | Cassiar Gold Corp.                              | CUSIP: N/A<br>LEI: 549300VL6W6N11EHM029       | Long             | EC               | CORP              | CA        |    198000 | NS      | $78966.03     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Moneta Gold Inc                 | Moneta Gold, Inc.                               | CUSIP: N/A<br>LEI: 254900DJACV32N4WRJ73       | Long             | EC               | CORP              | CA        |    100000 | NS      | $109305.76    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Adamera Minerals Corp           | Adamera Minerals Corp.                          | CUSIP: N/A<br>LEI: 529900JJSQXUJKI78P19       | Long             | EC               | CORP              | CA        |   5589543 | NS      | $278651.51    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Mountain Mining Corp       | Gold Mountain Mining Corp.                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |     50000 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TDG Gold Corp                   | TDG Gold Corp.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    270000 | NS      | $53840.47     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolly Varden Silver Corp.       | Dolly Varden Silver Corp.                       | CUSIP: N/A<br>LEI: 2549007A2MNBXFD0FU11       | Long             | EC               | CORP              | CA        |   3510000 | NS      | $2333087.15   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kootenay Silver Inc             | Kootenay Silver, Inc.                           | CUSIP: N/A<br>LEI: 529900HM3U0AXDDZPG82       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $118168.39    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                 | Alamos Gold, Inc.                               | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |     80000 | NS      | $808800.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc                  | K92 Mining, Inc.                                | CUSIP: N/A<br>LEI: 254900EA8H0X9FEVZU11       | Long             | EC               | CORP              | CA        |    800000 | NS      | $4531757.75   | 8.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GR Silver Mining Ltd            | GR Silver Mining, Ltd.                          | CUSIP: N/A<br>LEI: 254900K448VPXRKTBM08       | Long             | EC               | CORP              | CA        |   1500000 | NS      | $127400.30    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP                | Aris Gold Corp.                                 | CUSIP: 04041BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    993716 | PA      | $981294.55    | 1.79%             | 2027-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| G2 Goldfields Inc               | G2 Goldfields, Inc.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    500000 | NS      | $254800.59    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallic Minerals Corp          | Metallic Minerals Corp.                         | CUSIP: N/A<br>LEI: 254900CS1IQU1MD3P979       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $169867.06    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NV Gold Corp                    | NV Gold Corp.                                   | CUSIP: N/A<br>LEI: 254900RF45UMS76CCO73       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $51698.67     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Angus Gold Inc                  | Angus Gold, Inc.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    250000 | NS      | $147710.49    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Gold Ltd               | Southern Gold, Ltd.                             | CUSIP: N/A<br>LEI: 5493004KBBQB6QU18T56       | Long             | EC               | CORP              | AU        |  10000000 | NS      | $169436.37    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Skeena Resources Ltd            | Skeena Resources, Ltd.                          | CUSIP: N/A<br>LEI: 549300DCWSQFVVZ21289       | Long             | EC               | CORP              | CA        |    100000 | NS      | $532496.31    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Silver Viper Minerals Corp.     | Silver Viper Minerals Corp.                     | CUSIP: N/A<br>LEI: 2549002690B71OC9TE07       | Long             | EC               | CORP              | CA        |   2500000 | NS      | $313884.79    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Base Carbon Inc                 | Base Carbon, Inc.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |       574 | NS      | $212.05       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| St Anthony Gold Corp            | St. Anthony Gold Corp.                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    875000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Arizona Sonoran Copper Co Inc   | Arizona Sonoran Copper Co., Inc.                | CUSIP: N/A<br>LEI: 549300C8J16JPSINEM53       | Long             | EC               | CORP              | CA        |    100000 | NS      | $141802.07    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Stillwater Critical Minerals C  | Stillwater Critical Minerals Corp.              | CUSIP: N/A<br>LEI: 254900QTFL63EEGGYZ88       | Long             | EC               | CORP              | CA        |   2000000 | NS      | $288035.45    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Montage Gold Corp               | Montage Gold Corp.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    250000 | NS      | $123707.53    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Olive Resource Capital, Inc.    | Olive Resource Capital, Inc.                    | CUSIP: N/A<br>LEI: 549300W74OU2A0EPT602       | Long             | EC               | CORP              | CA        |   4000000 | NS      | $118168.39    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Xali Gold Corp                  | Xali Gold Corp.                                 | CUSIP: N/A<br>LEI: 549300OVANI3JC4BIG07       | Long             | EC               | CORP              | CA        |   4875000 | NS      | $288035.45    | 0.53%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Roscan Gold Corp                | Roscan Gold Corp.                               | CUSIP: N/A<br>LEI: 529900PPYSZDZGPLMU18       | Long             | EC               | CORP              | CA        |   1500000 | NS      | $188330.87    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RTG Mining Inc                  | RTG Mining, Inc.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |   3000000 | NS      | $96939.44     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Minaurum Gold Inc               | Minaurum Gold, Inc.                             | CUSIP: N/A<br>LEI: 5299007YUI5DADC64V51       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $132939.44    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Revival Gold Inc                | Revival Gold, Inc.                              | CUSIP: N/A<br>LEI: 529900X2G2T7XSIDUH63       | Long             | EC               | CORP              | CA        |   1750000 | NS      | $827178.73    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Barsele Minerals Corp.          | Barsele Minerals Corp.                          | CUSIP: N/A<br>LEI: 2549005410S0DTXUQ121       | Long             | EC               | CORP              | CA        |   7548000 | NS      | $1505140.32   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ValOre Metals Corp              | ValOre Metals Corp.                             | CUSIP: N/A<br>LEI: 254900DVTARZGEZTGF13       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $203101.92    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Denarius Metals Corp            | Denarius Metals Corp.                           | CUSIP: N/A<br>LEI: 98450061D87403BCD962       | Long             | EC               | CORP              | CA        |     75000 | NS      | $31573.12     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cassiar Gold Corp               | Cassiar Gold Corp.                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |     99000 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Meridian Mining UK Societas     | Meridian Mining UK Societas                     | CUSIP: N/A<br>LEI: 984500EB404A37FD8886       | Long             | EC               | CORP              | NL        |    500000 | NS      | $125553.91    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Angold Resources Ltd            | Angold Resources, Ltd.                          | CUSIP: N/A<br>LEI: 21380046J5AXII8DUO10       | Long             | EC               | CORP              | CA        |    500000 | NS      | $9231.91      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Centamin PLC                    | Centamin PLC                                    | CUSIP: N/A<br>LEI: 213800PDI9G7OUKLPV84       | Long             | EC               | CORP              | JE        |    575000 | NS      | $785751.68    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Corona Minerals, Ltd.           | Corona Minerals, Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     81250 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kore Mining Ltd                 | Kore Mining, Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    250000 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Caribbean Resources Corp.       | Caribbean Resources Corp.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |         4 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gold79 Mines Ltd                | Gold79 Mines, Ltd.                              | CUSIP: N/A<br>LEI: 2549005S8H6WG1F3AJ62       | Long             | EC               | CORP              | CA        |   6500000 | NS      | $120014.77    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Road Minerals Ltd         | Royal Road Minerals, Ltd.                       | CUSIP: N/A<br>LEI: 54930033JDODZL6J2G22       | Long             | EC               | CORP              | JE        |   1500000 | NS      | $127400.30    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexoptic Technology Corp        | Nexoptic Technology Corp.                       | CUSIP: N/A<br>LEI: 529900HHVXUHPWU53I46       | Long             | EC               | CORP              | CA        |     12083 | NS      | $713.91       | 0.00%             |  |  |  | Yes           |                  1 | On Loan: No      |
| TriStar Gold, Inc.              | TriStar Gold, Inc.                              | CUSIP: N/A<br>LEI: 5299008HX5259QFD0E46       | Long             | EC               | CORP              | CA        |  28800000 | NS      | $2658788.77   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Amilot Capital Inc              | Amilot Capital, Inc.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    410000 | NS      | $4542.10      | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| McEwen Mining Inc               | McEwen Mining, Inc.                             | CUSIP: N/A<br>LEI: 5493000FX50GEWAF3U70       | Long             | EC               | CORP              | US        |     13476 | NS      | $79226.10     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Gold Mines Ltd            | Maple Gold Mines, Ltd.                          | CUSIP: N/A<br>LEI: 529900614R460CGCLU46       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $129246.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MacDonald Mines Exploration Lt  | MacDonald Mines Exploration, Ltd.               | CUSIP: N/A<br>LEI: 529900SRPILKSX3Q8882       | Long             | EC               | CORP              | CA        |    300000 | NS      | $14401.77     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kore Mining Ltd                 | Kore Mining, Ltd.                               | CUSIP: N/A<br>LEI: 5299003I9MGGVTITOY37       | Long             | EC               | CORP              | CA        |    437500 | NS      | $12924.67     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanu Gold Corp                  | Sanu Gold Corp.                                 | CUSIP: N/A<br>LEI: 984500BE5C9D66BEFC43       | Long             | EC               | CORP              | CA        |    885000 | NS      | $183013.29    | 0.33%             |  |  |  | No            |                  3 | On Loan: No      |
| Gold Terra Resource Corp        | Gold Terra Resource Corp.                       | CUSIP: N/A<br>LEI: 2549008SATATZ2JWM022       | Long             | EC               | CORP              | CA        |   2500000 | NS      | $295420.97    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Silver Exploration Co  | Southern Silver Exploration Corp.               | CUSIP: N/A<br>LEI: 529900VY7ZZW0FTRGM33       | Long             | EC               | CORP              | CA        |   1750000 | NS      | $252031.02    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc           | Aya Gold & Silver, Inc.                         | CUSIP: N/A<br>LEI: 549300BWX8KJOTUL4M51       | Long             | EC               | CORP              | CA        |    100000 | NS      | $666174.30    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellevue Gold Ltd               | Bellevue Gold, Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    575000 | NS      | $445975.86    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Silver Tiger Metals Inc         | Silver Tiger Metals, Inc.                       | CUSIP: N/A<br>LEI: 2549009QDIU00MWT6U57       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $203101.92    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Scottie Resources Corp          | Scottie Resources Corp.                         | CUSIP: N/A<br>LEI: 549300ZRO5OWUZN7NZ11       | Long             | EC               | CORP              | CA        |   1750000 | NS      | $342503.69    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HighGold Mining Inc             | HighGold Mining, Inc.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    375000 | NS      | $191100.44    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Exploration Inc         | Western Exploration, Inc.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    250000 | NS      | $240029.54    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Waraba Gold Ltd                 | Waraba Gold, Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1500000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hecla Mining Co                 | Hecla Mining Co.                                | CUSIP: 4Z0997DE2<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       682 | NC      | $46035.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Asante Gold Corp                | Asante Gold Corp.                               | CUSIP: N/A<br>LEI: 529900F9PV1G9S5YD446       | Long             | EC               | CORP              | CA        |    600000 | NS      | $607090.10    | 1.11%             |  |  |  | No            |                  3 | On Loan: No      |
| Erdene Resource Development Co  | Erdene Resource Development Corp.               | CUSIP: N/A<br>LEI: 529900T4O899O2ZM8216       | Long             | EC               | CORP              | CA        |    600000 | NS      | $126292.47    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Canex Metals, Inc.              | Canex Metals, Inc.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   3250000 | NS      | $228028.06    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Air Metals Inc            | Clean Air Metals, Inc.                          | CUSIP: N/A<br>LEI: 529900KCA9AST2PK7R19       | Long             | EC               | CORP              | CA        |   2200000 | NS      | $211226.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp               | Barrick Gold Corp.                              | CUSIP: 70F99AUF1<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      1635 | NC      | $45780.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Reyna Silver Corp               | Reyna Silver Corp.                              | CUSIP: N/A<br>LEI: 254900SAWF1XHHUEBM14       | Long             | EC               | CORP              | CA        |    360000 | NS      | $103692.76    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Trillium Gold Mines Inc         | Trillium Gold Mines, Inc.                       | CUSIP: N/A<br>LEI: 98450082J1BD5CC59438       | Long             | EC               | CORP              | CA        |    250000 | NS      | $37850.81     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirios Resources Inc            | Sirios Resources, Inc.                          | CUSIP: N/A<br>LEI: 5299002OER0M96V1R745       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $51698.67     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Barksdale Resources Corp.       | Barksdale Resources Corp.                       | CUSIP: N/A<br>LEI: 549300JSC30UXM5OSU40       | Long             | EC               | CORP              | CA        |   3000000 | NS      | $1706056.13   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsu Metals Corp.               | Orsu Metals Corp.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |    186922 | NS      | $3451.29      | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Allegiant Gold Ltd              | Allegiant Gold, Ltd.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    750000 | NS      | $108013.29    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Visionary Gold Corp             | Visionary Gold Corp.                            | CUSIP: N/A<br>LEI: 5299001W337801DZC196       | Long             | EC               | CORP              | CA        |   1500000 | NS      | $33234.86     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockcliff Metals Corp           | Rockcliff Metals Corp.                          | CUSIP: N/A<br>LEI: 549300MMJ829UVZNXT80       | Long             | EC               | CORP              | CA        |    873333 | NS      | $12900.04     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Black Dragon Gold Corp          | Black Dragon Gold Corp.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2500000 | NS      | $66110.55     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Superior Resources In  | Northern Superior Resources, Inc.               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    134415 | NS      | $42190.83     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Polarx, Ltd.                    | Polarx, Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  41935555 | NS      | $555447.27    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp                    | Newmont Corp.                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     20000 | NS      | $944000.00    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| E2 Metals Ltd                   | E2 Metals, Ltd.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1000000 | NS      | $106077.81    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldshore Resources Inc         | Goldshore Resources, Inc.                       | CUSIP: N/A<br>LEI: 98450058F667FEA56331       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $180945.35    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabral Gold Inc                 | Cabral Gold, Inc.                               | CUSIP: N/A<br>LEI: 254900N2QCI00L02A477       | Long             | EC               | CORP              | CA        |    500000 | NS      | $49852.29     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Exploration Inc         | Western Exploration, Inc.                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    240000 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | 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        |        75 | NC      | $1050.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mene Inc                        | Mene, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2115000 | NS      | $781019.20    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Reunion Gold Corp               | Reunion Gold Corp.                              | CUSIP: N/A<br>LEI: 529900LHARW89HNB2C60       | Long             | EC               | CORP              | CA        |   4000000 | NS      | $1240768.09   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vector Resources Ltd            | Vector Resources, Ltd.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  10000000 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Musgrave Minerals Ltd           | Musgrave Minerals, Ltd.                         | CUSIP: N/A<br>LEI: 5299001RYHV722EQ4I17       | Long             | EC               | CORP              | AU        |   1500000 | NS      | $214931.45    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurion Resources Ltd            | Aurion Resources, Ltd.                          | CUSIP: N/A<br>LEI: 529900TLK415XYT5YM22       | Long             | EC               | CORP              | CA        |    750000 | NS      | $332348.60    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Arizona Metals Corp             | Arizona Metals Corp.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1000000 | NS      | $3183161.00   | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna Gold Corp                 | Magna Gold Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1500000 | NS      | $33234.86     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gossan Resources Ltd            | Gossan Resources, Ltd.                          | CUSIP: N/A<br>LEI: 549300ICT0SQ86XQCV41       | Long             | EC               | CORP              | CA        |   1250000 | NS      | $50775.48     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Radisson Mining Resources, Inc. | Radisson Mining Resources, Inc.                 | CUSIP: N/A<br>LEI: 2549002XQYEDHG3FTL96       | Long             | EC               | CORP              | CA        |   8100000 | NS      | $837518.46    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesser Resources Ltd           | Chesser Resources, Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    250000 | NS      | $14478.79     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Paramount Gold Nevada Corp      | Paramount Gold Nevada Corp.                     | CUSIP: 69924M109<br>LEI: 5493000CWEBEVDLIW256 | Long             | EC               | CORP              | US        |    170000 | NS      | $58650.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Orex Minerals, Inc.             | Orex Minerals, Inc.                             | CUSIP: N/A<br>LEI: 254900KY6RXZB3WHZC13       | Long             | EC               | CORP              | CA        |   7000000 | NS      | $180945.35    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kesselrun Resources, Ltd.       | Kesselrun Resources, Ltd.                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1250000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Gold Bull Resources Corp        | Gold Bull Resources Corp.                       | CUSIP: N/A<br>LEI: 9845005BSEAD9FFE3794       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $40620.38     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Desert Gold Ventures Inc        | Desert Gold Ventures, Inc.                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    187500 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Thesis Gold Inc                 | Thesis Gold, Inc.                               | CUSIP: N/A<br>LEI: 5493007OLZPQQLR07728       | Long             | EC               | CORP              | CA        |   1152000 | NS      | $714682.42    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| InZinc Mining Ltd               | InZinc Mining, Ltd.                             | CUSIP: N/A<br>LEI: 529900SQMNKF5EXPGG60       | Long             | EC               | CORP              | CA        |   2000000 | NS      | $36927.62     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokens.com Corp                 | Tokens.com Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     11123 | NS      | $1026.87      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Brixton Metals Corp             | Brixton Metals Corp.                            | CUSIP: N/A<br>LEI: 254900N5DFREO3U52485       | Long             | EC               | CORP              | CA        |   3000000 | NS      | $664697.19    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Omai Gold Mines Corp            | Omai Gold Mines Corp.                           | CUSIP: N/A<br>LEI: 254900GOHPZOKN6K3C88       | Long             | EC               | CORP              | CA        |   3000000 | NS      | $144017.73    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Storm Exploration Inc           | Storm Exploration, Inc.                         | CUSIP: N/A<br>LEI: 529900MLZUAM4ZY9KN74       | Long             | EC               | CORP              | CA        |   2150000 | NS      | $55576.07     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                    | Newmont Corp.                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       525 | NC      | $525.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ValOre Metals Corp              | ValOre Metals Corp.                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    500000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Radius Gold Inc                 | Radius Gold, Inc.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    125000 | NS      | $17540.62     | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Imdex Ltd                       | Imdex, Ltd.                                     | CUSIP: N/A<br>LEI: 529900H31NX5KRKXB865       | Long             | EC               | CORP              | AU        |    125000 | NS      | $188162.56    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| St Anthony Gold Corp            | St. Anthony Gold Corp.                          | CUSIP: N/A<br>LEI: 5299008H87SXKU58IP50       | Long             | EC               | CORP              | CA        |   1967105 | NS      | $138016.97    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Cat Syndicate Ltd         | Black Cat Syndicate, Ltd.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2000000 | NS      | $487085.63    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Silver Exploration Co  | Southern Silver Exploration Corp.               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    875000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Taurus Gold, Ltd.               | Taurus Gold, Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   2448381 | NS      | $0.02         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VR Resources, Ltd.              | VR Resources, Ltd.                              | CUSIP: 91831M105<br>LEI: 529900RR5LC80PRJF571 | Long             | EC               | CORP              | CA        |   1500000 | NS      | $127400.30    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Millennial Precious Metals Cor  | Millennial Precious Metals Corp.                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2000000 | NS      | $295420.97    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| FireFox Gold Corp               | FireFox Gold Corp.                              | CUSIP: N/A<br>LEI: 529900BM27ENL7HM8D66       | Long             | EC               | CORP              | CA        |    500000 | NS      | $33234.86     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mammoth Resources Corp.         | Mammoth Resources Corp.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   5500000 | NS      | $121861.15    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Waraba Gold Ltd                 | Waraba Gold, Ltd.                               | CUSIP: N/A<br>LEI: 549300HN92O436MPI730       | Long             | EC               | CORP              | CA        |   2810000 | NS      | $352806.50    | 0.64%             |  |  |  | No            |                  3 | On Loan: No      |
| Ivanhoe Mines Ltd               | Ivanhoe Mines, Ltd.                             | CUSIP: N/A<br>LEI: 5299006XZISURYIA4G32       | Long             | EC               | CORP              | CA        |    300000 | NS      | $2370753.32   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion One Metals Ltd             | Lion One Metals, Ltd.                           | CUSIP: N/A<br>LEI: 5299006ERIP38PI1WO61       | Long             | EC               | CORP              | CA        |    500000 | NS      | $365583.46    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Indochine Mining Ltd            | Indochine Mining, Ltd.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     10000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kaizen Discovery Inc            | Kaizen Discovery, Inc.                          | CUSIP: N/A<br>LEI: 529900HGOKTO36PNQJ59       | Long             | EC               | CORP              | CA        |    800000 | NS      | $81240.77     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Karus Gold Corp.                | Karus Gold Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    375000 | NS      | $96935.01     | 0.18%             |  |  |  | No            |                  3 | On Loan: No      |
| Auteco Minerals Ltd             | Auteco Minerals, Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  17500000 | NS      | $607849.39    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Loncor Gold Inc                 | Loncor Gold, Inc.                               | CUSIP: N/A<br>LEI: 984500A3C7E387C68B41       | Long             | EC               | CORP              | CA        |   2200000 | NS      | $519940.92    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Platinum Group Metals Ltd       | Platinum Group Metals, Ltd.                     | CUSIP: N/A<br>LEI: 529900YSNVVJI7YJAG63       | Long             | EC               | CORP              | CA        |    100000 | NS      | $175036.93    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Amex Exploration Inc            | Amex Exploration, Inc.                          | CUSIP: N/A<br>LEI: 549300B1S86E4WXYUW33       | Long             | EC               | CORP              | CA        |    500000 | NS      | $627769.57    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Heliostar Metals Ltd            | Heliostar Metals, Ltd.                          | CUSIP: N/A<br>LEI: 529900BF6RCFL9WNSB18       | Long             | EC               | CORP              | CA        |   1230000 | NS      | $231646.97    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Kootenay Resources Inc          | Kootenay Resources, Inc.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     40000 | NS      | $2954.21      | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Max Resource Corp               | Max Resource Corp.                              | CUSIP: N/A<br>LEI: 254900XET56T3KS7G591       | Long             | EC               | CORP              | CA        |   2050000 | NS      | $355797.64    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Minaurum Gold Inc               | Minaurum Gold, Inc.                             | CUSIP: CA60252Q1<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |    500000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Felix Gold Ltd                  | Felix Gold, Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1500000 | NS      | $105514.07    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ARIS MINING CORP                | Aris Mining Corp.                               | CUSIP: N/A<br>LEI: 5493001GJ5TILX6L1F82       | N/A              | DE               | CORP              | CA        |    520000 | NC      | $101772.53    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Contact Gold Corp               | Contact Gold Corp.                              | CUSIP: N/A<br>LEI: 549300303GAUE1SKGB19       | Long             | EC               | CORP              | CA        |   5000000 | NS      | $92319.05     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vizsla Silver Corp              | Vizsla Silver Corp.                             | CUSIP: N/A<br>LEI: 549300ADJF7HWIEDL366       | Long             | EC               | CORP              | CA        |   1125000 | NS      | $1287850.81   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cartier Resources Inc           | Cartier Resources, Inc.                         | CUSIP: N/A<br>LEI: 529900UC5WFH8T7VID35       | Long             | EC               | CORP              | CA        |    750000 | NS      | $54006.65     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascot Resources Ltd             | Ascot Resources, Ltd.                           | CUSIP: N/A<br>LEI: 98450093855CEDA61B27       | Long             | EC               | CORP              | CA        |      6412 | NS      | $2462.51      | 0.00%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Nubian Resources Ltd            | Nubian Resources, Ltd.                          | CUSIP: N/A<br>LEI: 254900P740G3691PD419       | Long             | EC               | CORP              | CA        |    500000 | NS      | $40620.38     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CopperBank Resources Corp.      | Faraday Copper Corp.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     43500 | NS      | $17348.60     | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Chakana Copper Corp.            | Chakana Copper Corp.                            | CUSIP: N/A<br>LEI: 549300265UHKA4LQUT66       | Long             | EC               | CORP              | CA        |   1416506 | NS      | $94154.76     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Freegold Ventures Ltd           | Freegold Ventures, Ltd.                         | CUSIP: N/A<br>LEI: 5493007YVOKHJP7J0X86       | Long             | EC               | CORP              | CA        |    200000 | NS      | $67208.27     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GFG Resources Inc               | GFG Resources, Inc.                             | CUSIP: N/A<br>LEI: 529900J244O3CHY15G77       | Long             | EC               | CORP              | CA        |   5000000 | NS      | $369276.22    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Summit Minerals Corp        | Sun Summit Minerals Corp.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1250000 | NS      | $129246.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Summa Silver Corp               | Summa Silver Corp.                              | CUSIP: N/A<br>LEI: 984500F11B6A5F46A744       | Long             | EC               | CORP              | CA        |    800000 | NS      | $472673.56    | 0.86%             |  |  |  | No            |                  3 | On Loan: No      |
| Red Pine Exploration Inc        | Red Pine Exploration, Inc.                      | CUSIP: N/A<br>LEI: 529900U8LGGUG3E2NC68       | Long             | EC               | CORP              | CA        |    500000 | NS      | $107090.10    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Argent Minerals Ltd             | Argent Minerals, Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  20000000 | NS      | $192258.46    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Exploration Ltd           | Alpha Exploration, Ltd.                         | CUSIP: N/A<br>LEI: 254900LWGXN18OTF7397       | Long             | EC               | CORP              | VG        |    350000 | NS      | $180945.35    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| New Age Metals Inc              | New Age Metals, Inc.                            | CUSIP: N/A<br>LEI: 54930045Q4VKFAP8GW50       | Long             | EC               | CORP              | CA        |    143518 | NS      | $6359.73      | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Kenorland Minerals Ltd          | Kenorland Minerals, Ltd.                        | CUSIP: N/A<br>LEI: 2549002HI5ATMIG9UD65       | Long             | EC               | CORP              | CA        |    250000 | NS      | $144017.73    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitan Mining Inc              | Capitan Mining, Inc.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1100000 | NS      | $186853.77    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kesselrun Resources Ltd         | Kesselrun Resources, Ltd.                       | CUSIP: N/A<br>LEI: 5299007D0DU3WNT8A817       | Long             | EC               | CORP              | CA        |   5000000 | NS      | $221565.73    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Westhaven Gold Corp             | Westhaven Gold Corp.                            | CUSIP: N/A<br>LEI: 2549006LQ1TAHZLTOF64       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $269571.64    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| De Grey Mining Ltd              | De Grey Mining, Ltd.                            | CUSIP: N/A<br>LEI: 529900MOX6JOKGFAYY28       | Long             | EC               | CORP              | AU        |    250000 | NS      | $220165.83    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Awale Resources Ltd             | Awale Resources, Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1300000 | NS      | $115214.18    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Abaxx Technologies Inc          | Abaxx Technologies, Inc.                        | CUSIP: N/A<br>LEI: 5299002EIVMNJ21B5K89       | Long             | EC               | CORP              | CA        |      8039 | NS      | $14843.06     | 0.03%             |  |  |  | No            |                  3 | 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