# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0001752724-23-048780
**Filing Date:** 2023-3
**Character Count:** 21399
**Document Hash:** c2b5d0c4a70d855f2820037015ef1a0d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048780.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048780

**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:** 23690448

**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

### Global Luxury Goods Fund (Series ID: S000023574)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000069385 | Global Luxury Goods Fund | USLUX           |

## 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 GLOBAL LUXURY GOODS FUND

- **b. EDGAR series identifier (if any):** S000023574

- **c. LEI of Series:** 254900P0NNQNKUTFN386

**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:** $40396097.27

**Total Liabilities:** $90485.29

**Net Assets:** $40305611.98

**Cash Not Reported:** $1978357.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069385 | 5.14%                | 10.95%               | -5.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-550895.85              | $2574854.21                                |
| Month 2  | $-25658.37               | $4638805.52                                |
| Month 3  | $401761.08               | $-2787450.34                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HUGO BOSS AG                   | HUGO BOSS AG                         | CUSIP: N/A<br>LEI: 529900LFVU534EBRXD13       | Long             | EC               | CORP              | DE        |     14500 | NS      | $838246.95    | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Trust Corp            | Northern Trust Corp.                 | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      6600 | NS      | $584034.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA  | Industria de Diseno Textil SA        | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     82500 | NS      | $2191285.60   | 5.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ABAXX TECHNOLOGIES IN          | Abaxx Technologies, Inc.             | CUSIP: N/A<br>LEI: 5299002EIVMNJ21B5K89       | N/A              | DE               | CORP              | CA        |     34062 | NC      | $16854.90     | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| Moncler SpA                    | Moncler SpA                          | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |     13500 | NS      | $717347.75    | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Norwegian Cruise Line Holdings | Norwegian Cruise Line Holdings, Ltd. | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     53000 | NS      | $648720.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO Inc                        | NIO, Inc.                            | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | KY        |     26000 | NS      | $253500.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd    | Royal Caribbean Cruises, Ltd.        | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     13940 | NS      | $689054.20    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE  | CUSIP: 502441306<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      9737 | NS      | $1410599.19   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Macau Ltd                 | Wynn Macau, Ltd.                     | CUSIP: N/A<br>LEI: 254900NMDQ8ENTHU1I31       | Long             | EC               | CORP              | KY        |     45000 | NS      | $49925.90     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Capri Holdings Ltd             | Capri Holdings, Ltd.                 | CUSIP: G1890L107<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | VG        |      9500 | NS      | $544540.00    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastructure Ventures, Inc.  | Infrastructure Ventures, Inc.        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    426533 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Royal Gold Inc                 | Royal Gold, Inc.                     | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      2800 | NS      | $315616.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA         | Brunello Cucinelli SpA               | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |      9100 | NS      | $673317.54    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                  | Volkswagen AG                        | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |      9150 | NS      | $1435413.32   | 3.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International, Inc.         | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     10800 | NS      | $1608012.00   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp.               | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3700 | NS      | $1689050.00   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE, Inc.                           | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     16750 | NS      | $1959917.50   | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp             | Franco-Nevada Corp.                  | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2550 | NS      | $348024.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                     | Ferrari NV                           | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      2029 | NS      | $434652.38    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc                       | Coty, Inc.                           | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |    110000 | NS      | $941600.00    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Christian Dior SE              | Christian Dior SE                    | CUSIP: N/A<br>LEI: 969500WESYQMQ1F2C272       | Long             | EC               | CORP              | FR        |       585 | NS      | $426256.22    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Lendified Holdings Inc         | Lendified Holdings, Inc.             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1116560 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA          | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     12000 | NS      | $1555919.55   | 3.86%             |  |  |  | No            |                  2 | On Loan: No      |
| CIE FINANCIERE RICHEMO-A REG   | Cie Financiere Richemont SA          | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | N/A              | DE               | CORP              | CH        |      9200 | NC      | $7661.28      | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Tesla Inc                      | Tesla, Inc.                          | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     11255 | NS      | $1386390.90   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG               | CUSIP: 233825207<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |    128714 | NS      | $2104473.90   | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc  | Hilton Worldwide Holdings, Inc.      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      9700 | NS      | $1225692.00   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Group Inc                | Lucid Group, Inc.                    | CUSIP: 549498103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13000 | NS      | $88790.00     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempur Sealy International Inc | Tempur Sealy International, Inc.     | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     26700 | NS      | $916611.00    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC             | Burberry Group PLC                   | CUSIP: N/A<br>LEI: 213800PE1KEFCNFR1R50       | Long             | EC               | CORP              | GB        |     16400 | NS      | $398719.55    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Dundee Precious Metals Inc     | Dundee Precious Metals, Inc.         | CUSIP: N/A<br>LEI: 549300LATVTU0EIUMD45       | Long             | EC               | CORP              | CA        |     40000 | NS      | $192319.05    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PRADA SpA                      | PRADA SpA                            | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |     80000 | NS      | $449104.83    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Vail Resorts Inc               | Vail Resorts, Inc.                   | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      2830 | NS      | $674530.50    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercorp Metals Inc          | Silvercorp Metals, Inc.              | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |    124000 | NS      | $367040.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sands China Ltd                | Sands China, Ltd.                    | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |     35000 | NS      | $114807.99    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                      | Kering SA                            | CUSIP: 492089107<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |      9200 | NS      | $466072.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd   | Impala Platinum Holdings, Ltd.       | CUSIP: 452553308<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     30000 | NS      | $372600.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP               | Aris Gold Corp.                      | CUSIP: 04041BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    790455 | PA      | $780574.31    | 1.94%             | 2027-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pernod Ricard SA               | Pernod Ricard SA                     | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |      3370 | NS      | $662955.14    | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Torex Gold Resources Inc       | Torex Gold Resources, Inc.           | CUSIP: N/A<br>LEI: 549300QL07027186GQ85       | Long             | EC               | CORP              | CA        |     11000 | NS      | $126329.39    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                     | Zalando SE                           | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |     18000 | NS      | $633686.51    | 1.57%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DRDGOLD Ltd                    | DRDGOLD, Ltd.                        | CUSIP: 26152H301<br>LEI: 529900Z0P3GRRN23MG34 | Long             | EC               | CORP              | ZA        |     33000 | NS      | $244200.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Green Energy Corp.     | Pacific Green Energy Corp.           | CUSIP: N/A<br>LEI: 6X064LF7Y6B4DKF2GZ26       | Long             | EC               | CORP              | US        |    100000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MGM Resorts International      | MGM Resorts International            | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     23500 | NS      | $787955.00    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Salvatore Ferragamo SpA        | Salvatore Ferragamo SpA              | CUSIP: N/A<br>LEI: 5493005GRP0FEE3NRI35       | Long             | EC               | CORP              | IT        |      6700 | NS      | $118458.54    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG    | Bayerische Motoren Werke AG          | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     19200 | NS      | $1699872.57   | 4.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Shiseido Co Ltd                | Shiseido Co., Ltd.                   | CUSIP: N/A<br>LEI: 5299008QCD0YDT5OF506       | Long             | EC               | CORP              | JP        |     11500 | NS      | $563657.87    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands, Inc.           | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      5750 | NS      | $1332562.50   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NG Energy International Corp.  | NG Energy International Corp.        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     50000 | NS      | $35081.24     | 0.09%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Hermes International           | Hermes International                 | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      1042 | NS      | $1612861.58   | 4.00%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group  | InterContinental Hotels Group PLC    | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |     11700 | NS      | $671332.06    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheaton Precious Metals Corp   | Wheaton Precious Metals Corp.        | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      7000 | NS      | $273560.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp              | Hyatt Hotels Corp.                   | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      5000 | NS      | $452250.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM China Holdings Ltd         | MGM China Holdings, Ltd.             | CUSIP: N/A<br>LEI: 529900VZFN87OS7WJM66       | Long             | EC               | CORP              | KY        |     40000 | NS      | $43930.63     | 0.11%             |  |  |  | No            |                  2 | 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