# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0000101507-26-000103
**Filing Date:** 2026-5
**Character Count:** 44711
**Document Hash:** 4c8f78adeb64b90783e7870a81765237
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000101507-26-000103.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0000101507-26-000103

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** US GLOBAL INVESTORS FUNDS
- **CENTRAL INDEX KEY:** 0000101507

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01800
- **FILM NUMBER:** 261012129

**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 Resources Fund (Series ID: S000004782)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000012993 | Global Resources Fund | PSPFX           |

## 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 RESOURCES FUND

- **b. EDGAR series identifier (if any):** S000004782

- **c. LEI of Series:** 2549001M564NPG8TIZ85

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $68446658.83

**Total Liabilities:** $19611632.54

**Net Assets:** $48835026.29

**Cash Not Reported:** $2410502.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012993 | 7.80%                | 12.62%               | -10.13%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-617197.95              | $5565607.77                                |
| Month 2  | $-183109.91              | $8629467.67                                |
| Month 3  | $4211490.74              | $-11924307.95                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alcoa Corp                     | Alcoa Corp.                                 | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      1000 | NS      | $66330.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co., Inc.           | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      2000 | NS      | $262160.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp          | Antero Resources Corp.                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     10000 | NS      | $424400.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP               | Aris Gold Corp.                             | CUSIP: 04041BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    352286 | PA      | $1250615.30   | 2.56%             | 2027-08-26      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| BP PLC                         | BP PLC                                      | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |      7000 | NS      | $329000.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                | Baker Hughes Co.                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8500 | NS      | $518925.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group, Inc.                             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       461 | NS      | $136156.35    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc             | Coterra Energy, Inc.                        | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     20000 | NS      | $702800.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp.                                | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      5000 | NS      | $543050.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar, Inc.                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1000 | NS      | $708460.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastructure Ventures, Inc.  | Infrastructure Ventures, Inc.               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   4700000 | NS      | $0.05         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy, Inc.                       | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      6200 | NS      | $1759312.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp             | Expand Energy Corp.                         | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      7500 | NS      | $823350.00    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc               | Coeur Mining, Inc.                          | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     74918 | NS      | $1406210.86   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Amarc Resources Ltd            | Amarc Resources, Ltd.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    825000 | NS      | $587125.30    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastructure Ventures, Inc.  | Infrastructure Ventures, Inc.               | CUSIP: N/A<br>LEI: 549300M8ZYFG0OCMTT87       | Long             | EC               | CORP              | US        |   2743544 | NS      | $0.03         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Core Natural Resources Inc     | Core Natural Resources, Inc.                | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |      3100 | NS      | $324663.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Copper Inc               | Getty Copper, Inc.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1400000 | NS      | $166055.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group Internati | Major Drilling Group International, Inc.    | CUSIP: N/A<br>LEI: 549300O1MNHCX2FUBC21       | Long             | EC               | CORP              | CA        |     35000 | NS      | $403062.32    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Green Energy Corp.     | Pacific Green Energy Corp.                  | CUSIP: N/A<br>LEI: 6X064LF7Y6B4DKF2GZ26       | Long             | EC               | CORP              | US        |   2400000 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| EQT Corp                       | EQT Corp.                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     12000 | NS      | $763680.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerflex Ltd                   | Enerflex, Ltd.                              | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |     17000 | NS      | $355640.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp          | Endeavour Silver Corp.                      | CUSIP: N/A<br>LEI: 549300IF2E29780PPV02       | Long             | EC               | CORP              | CA        |     30000 | NS      | $279922.36    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp.                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     17500 | NS      | $2969050.00   | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Caribbean Resources Corp       | Caribbean Resources Corp.                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   2148176 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Franco-Nevada Corp             | Franco-Nevada Corp.                         | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      2500 | NS      | $617625.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co.                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     10000 | NS      | $389900.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| IberAmerican Lithium Corp      | IberAmerican Lithium Corp.                  | CUSIP: 45074U109<br>LEI: 8945008CEJYMFF9E3003 | Long             | EC               | CORP              | CA        |   1000000 | NS      | $1.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERAMERICAN LITHIUM CORP      | IberAmerican Lithium Corp.                  | CUSIP: 45074U117<br>LEI: 8945008CEJYMFF9E3003 | N/A              | DE               | CORP              | CA        |    500000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Impala Platinum Holdings Ltd   | Impala Platinum Holdings, Ltd.              | CUSIP: 452553308<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |      8840 | NS      | $130124.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / US      | Ivanhoe Electric, Inc./US                   | CUSIP: 46578C108<br>LEI: 529900CQSYGI54GDUR52 | Long             | EC               | CORP              | US        |     26499 | NS      | $313218.18    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| LNG Energy Group               | LNG Energy Group                            | CUSIP: 50215D115<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |   1000000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Legacy Lithium Corp            | Legacy Lithium Corp.                        | CUSIP: 524666203<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     20000 | NS      | $718.86       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LNG Energy Group Corp          | LNG Energy Group Corp.                      | CUSIP: 53951J106<br>LEI: 89450035H05LMD3W5Q76 | Long             | EC               | CORP              | CA        |    100000 | NS      | $530.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Zinc Co Ltd              | Korea Zinc Co., Ltd.                        | CUSIP: N/A<br>LEI: 988400D0HSQUB1I1VO41       | Long             | EC               | CORP              | KR        |       300 | NS      | $292689.57    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd                    | Nutrien, Ltd.                               | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     30000 | NS      | $2263800.00   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp            | Peabody Energy Corp.                        | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |      8600 | NS      | $283370.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Perpetua Resources Corp        | Perpetua Resources Corp.                    | CUSIP: 714266103<br>LEI: 529900BQBMS383SEPY05 | Long             | EC               | CORP              | CA        |     30000 | NS      | $843600.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp           | Range Resources Corp.                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     10500 | NS      | $474390.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                      | Shell PLC                                   | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     18000 | NS      | $1674000.00   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Solv Energy Inc                | Solv Energy, Inc.                           | CUSIP: 78475V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12000 | NS      | $360360.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                        | SLB, Ltd.                                   | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      4500 | NS      | $231255.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Seabridge Gold Inc             | Seabridge Gold, Inc.                        | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | CA        |     20000 | NS      | $566800.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc     | Select Water Solutions, Inc.                | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     10000 | NS      | $153000.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsu Metals Corp.              | Orsu Metals Corp.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |     14761 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Standard Lithium Ltd           | Standard Lithium, Ltd.                      | CUSIP: 853606101<br>LEI: 549300LA4BSHAKT4SL33 | Long             | EC               | CORP              | CA        |     75000 | NS      | $255750.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Group Ventures Inc    | Sterling Group Ventures, Inc.               | CUSIP: 85932R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    500000 | NS      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| I-Pulse, Inc.                  | I-Pulse, Inc.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     15971 | NS      | $202831.70    | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Valero Energy Corp             | Valero Energy Corp.                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      3000 | NS      | $741240.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Vox Royalty Corp               | Vox Royalty Corp.                           | CUSIP: 92919F103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    150000 | NS      | $786000.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd      | Woodside Energy Group, Ltd.                 | CUSIP: 980228308<br>LEI: 2549005ZC5RXAOO7FH41 | Long             | EC               | CORP              | AU        |     75000 | NS      | $1791000.00   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Growth Holdings L | Consolidated Growth Holdings, Ltd.          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |  19859173 | NS      | $0.26         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Glencore PLC                   | Glencore PLC                                | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |     20000 | NS      | $151477.52    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Yancoal Australia Ltd          | Yancoal Australia, Ltd.                     | CUSIP: N/A<br>LEI: 3003003IC6G39HKQAD13       | Long             | EC               | CORP              | AU        |     55000 | NS      | $317211.21    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolfden Resources Corp         | Wolfden Resources Corp.                     | CUSIP: N/A<br>LEI: 529900E4PMQNSC4DMV56       | Long             | EC               | CORP              | CA        |   2000000 | NS      | $115016.89    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BluMetric Environmental Inc    | BluMetric Environmental, Inc.               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    100000 | NS      | $71166.70     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BluMetric Environmental Inc    | BluMetric Environmental, Inc.               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    150000 | NS      | $106750.05    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX Group Ltd                  | TMX Group, Ltd.                             | CUSIP: N/A<br>LEI: 549300N65GFVKSHGJW59       | Long             | EC               | CORP              | CA        |      4600 | NS      | $163121.27    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Arianne Phosphate Inc          | Arianne Phosphate, Inc.                     | CUSIP: N/A<br>LEI: 529900DVDSAMX5UW9I19       | Long             | EC               | CORP              | CA        |    600000 | NS      | $107828.34    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc       | Torex Gold Resources, Inc.                  | CUSIP: N/A<br>LEI: 549300QL07027186GQ85       | Long             | EC               | CORP              | CA        |     29000 | NS      | $1331068.94   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Contango Holdings PLC          | Contango Holdings PLC                       | CUSIP: N/A<br>LEI: 213800HZ69B3QHCUGX36       | Long             | EC               | CORP              | GB        |  10502248 | NS      | $128206.89    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Torq Resources Inc             | Torq Resources, Inc.                        | CUSIP: N/A<br>LEI: 984500FFC0A7C080FB49       | Long             | EC               | CORP              | CA        |    900000 | NS      | $51757.60     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Torq Resources Inc             | Torq Resources, Inc.                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |   1000000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Revival Gold Inc               | Revival Gold, Inc.                          | CUSIP: N/A<br>LEI: 529900X2G2T7XSIDUH63       | Long             | EC               | CORP              | CA        |   1500000 | NS      | $841061.03    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Revival Gold Inc               | Revival Gold, Inc.                          | CUSIP: BF5RGT1W2<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |    250000 | NC      | $10782.83     | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Revival Gold Inc               | Revival Gold, Inc.                          | CUSIP: BF5RGT1W3<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |    137500 | NC      | $32618.07     | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kutcho Copper Corp             | Kutcho Copper Corp.                         | CUSIP: N/A<br>LEI: 984500686CF49F91B703       | Long             | EC               | CORP              | CA        |   1000000 | NS      | $208468.12    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Cat Syndicate Ltd        | Black Cat Syndicate, Ltd.                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    400000 | NS      | $283058.96    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Mene Inc                       | Mene, Inc.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    750000 | NS      | $107828.34    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| InZinc Mining Ltd              | InZinc Mining, Ltd.                         | CUSIP: N/A<br>LEI: 529900SQMNKF5EXPGG60       | Long             | EC               | CORP              | CA        |   1800000 | NS      | $84106.10     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Barksdale Resources Corp.      | Barksdale Resources Corp.                   | CUSIP: N/A<br>LEI: 549300JSC30UXM5OSU40       | Long             | EC               | CORP              | CA        |   1955000 | NS      | $210804.40    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Barksdale Resources Corp.      | Barksdale Resources Corp.                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    177500 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Firefinch Ltd                  | Firefinch, Ltd.                             | CUSIP: N/A<br>LEI: 52990065EGEF8FEI8S51       | Long             | EC               | CORP              | AU        |   1000000 | NS      | $43811.84     | 0.09%             |  |  |  | No            |                  3 | On Loan: No      |
| Canada Nickel Co Inc           | Canada Nickel Co., Inc.                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |     97500 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NG Energy International Corp   | NG Energy International Corp.               | CUSIP: N/A<br>LEI: 5493008ZYYAQDL3KMH86       | Long             | EC               | CORP              | CA        |   1525000 | NS      | $1567644.31   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| E3 Lithium Ltd                 | E3 Lithium, Ltd.                            | CUSIP: N/A<br>LEI: 52990082J3TRBAE2EA67       | Long             | EC               | CORP              | CA        |    100000 | NS      | $74760.98     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Aclara Resources Inc           | Aclara Resources, Inc.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     35000 | NS      | $84034.22     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NG Energy International Corp   | NG Energy International Corp.               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    300000 | NC      | $64697.00     | 0.13%             |  |  |  | No            |                  3 | On Loan: No      |
| Neotech Metals Corp            | Neotech Metals Corp.                        | CUSIP: N/A<br>LEI: 894500Y22XZ8HVJMA428       | Long             | EC               | CORP              | CA        |    300000 | NS      | $56070.74     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Montage Gold Corp              | Montage Gold Corp.                          | CUSIP: N/A<br>LEI: 9845004C6BCE77ACA795       | Long             | EC               | CORP              | CA        |    400000 | NS      | $4551793.54   | 9.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fireweed Metals Corp           | Fireweed Metals Corp.                       | CUSIP: N/A<br>LEI: 254900JZC4H658GXFF75       | Long             | EC               | CORP              | CA        |    350000 | NS      | $1086909.64   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Energy Corp             | Encore Energy Corp.                         | CUSIP: N/A<br>LEI: 5299007FNX2NVNJM3O59       | Long             | EC               | CORP              | CA        |     50000 | NS      | $90575.80     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Energy Metals Ltd      | Sunrise Energy Metals, Ltd.                 | CUSIP: N/A<br>LEI: 529900AYAT2TIC68VA49       | Long             | EC               | CORP              | AU        |    165000 | NS      | $1013166.24   | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                     | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |     12000 | NS      | $362051.31    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Collective Mining Ltd          | Collective Mining, Ltd.                     | CUSIP: N/A<br>LEI: 98450055FE5CF6E9J694       | Long             | EC               | CORP              | CA        |     20000 | NS      | $351232.84    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Silver Corp          | Blackrock Silver Corp.                      | CUSIP: N/A<br>LEI: 529900EI75MCI5GL7914       | Long             | EC               | CORP              | CA        |    500000 | NS      | $481633.24    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Silver Corp          | Blackrock Silver Corp.                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    375000 | NC      | $226439.51    | 0.46%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vizsla Royalties Corp          | Vizsla Royalties Corp.                      | CUSIP: N/A<br>LEI: 98450020ZFM00010C790       | Long             | EC               | CORP              | CA        |    191715 | NS      | $355564.34    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| EnviroGold Global Ltd          | EnviroGold Global, Ltd.                     | CUSIP: N/A<br>LEI: 529900510T59OMYN1R06       | Long             | EC               | CORP              | CA        |     75000 | NS      | $7547.98      | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Base Carbon Inc                | Base Carbon, Inc.                           | CUSIP: N/A<br>LEI: 875500CYVEXDVEKA7P19       | Long             | EC               | CORP              | CA        |    990000 | NS      | $562216.95    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Nio Strategic Metals Inc       | Nio Strategic Metals, Inc.                  | CUSIP: N/A<br>LEI: 529900E0PU53BNJL2T31       | Long             | EC               | CORP              | CA        |   3235069 | NS      | $517434.30    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Larvotto Resources Ltd         | Larvotto Resources, Ltd.                    | CUSIP: N/A<br>LEI: 98450066A2D7C0380238       | Long             | EC               | CORP              | AU        |    200000 | NS      | $147391.57    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Moon Metals Inc           | Blue Moon Metals, Inc.                      | CUSIP: N/A<br>LEI: 254900CUYCO1Z90SIR42       | Long             | EC               | CORP              | CA        |     50000 | NS      | $323844.44    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Electra Battery Materials Corp | Electra Battery Materials Corp.             | CUSIP: N/A<br>LEI: 5493009ZPOP6FTZAUU15       | Long             | EC               | CORP              | CA        |     13889 | NS      | $8087.19      | 0.02%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Electra Battery Materials Corp | Electra Battery Materials Corp.             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    250000 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FireFly Metals Ltd             | FireFly Metals, Ltd.                        | CUSIP: N/A<br>LEI: 529900XFOBB3CJ170E75       | Long             | EC               | CORP              | AU        |    300000 | NS      | $371126.69    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Allied Critical Metals Inc     | Allied Critical Metals, Inc.                | CUSIP: N/A<br>LEI: 9845003AFK7DAE136161       | Long             | EC               | CORP              | CA        |    500000 | NS      | $521170.30    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Leo Lithium Ltd                | Leo Lithium, Ltd.                           | CUSIP: N/A<br>LEI: 984500LD0A57A68EZ677       | Long             | EC               | CORP              | AU        |    700000 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Abaxx Technologies Inc         | Abaxx Technologies, Inc.                    | CUSIP: N/A<br>LEI: 5299002EIVMNJ21B5K89       | Long             | EC               | CORP              | CA        |    300000 | NS      | $10351520.38  | 21.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Selkirk Copper Mines Inc       | Selkirk Copper Mines, Inc.                  | CUSIP: N/A<br>LEI: 529900QQEZSCCNJ4TI43       | Long             | EC               | CORP              | CA        |    225000 | NS      | $192473.58    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Volt Lithium Corp              | LibertyStream Infrastructure Partners, Inc. | CUSIP: BQ84ZJ9W2<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |    250000 | NC      | $86262.67     | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Seasif Exploration Inc         | Seasif Exploration, Inc.                    | CUSIP: N/A<br>LEI: 5493004W43GXYETF2896       | Long             | EC               | CORP              | CA        |   2000000 | NS      | $10782.83     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axo Copper Corp                | Axo Copper Corp.                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    125000 | NC      | $5391.42      | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CanAlaska Uranium Ltd          | CanAlaska Uranium, Ltd.                     | CUSIP: N/A<br>LEI: 254900J7UJWY3AWJ8D78       | Long             | EC               | CORP              | CA        |     90000 | NS      | $49169.72     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LunR Royalties Corp            | LunR Royalties Corp.                        | CUSIP: N/A<br>LEI: 529900Q168TQRO7FZ844       | Long             | EC               | CORP              | CA        |     25000 | NS      | $546509.96    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Trigon Metals Inc              | Trigon Metals, Inc.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | CA        |    625000 | NC      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vizsla Silver Corp             | Vizsla Silver Corp.                         | CUSIP: N/A<br>LEI: 549300ADJF7HWIEDL366       | Long             | EC               | CORP              | CA        |    312500 | NS      | $1035600.23   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sendero Resources Corp         | Sendero Resources Corp.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AR        |    175000 | NS      | $188699.59    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Atomic Eagle Ltd               | Atomic Eagle, Ltd.                          | CUSIP: N/A<br>LEI: 875500FJGAAWTU1PFG45       | Long             | EC               | CORP              | AU        |     14697 | NS      | $4487.42      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| King Copper Discovery Corp     | King Copper Discovery Corp.                 | CUSIP: N/A<br>LEI: 8945000VED5UFTAFEA34       | Long             | EC               | CORP              | CA        |    700000 | NS      | $437783.05    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Andina Copper Corp             | Andina Copper Corp.                         | CUSIP: N/A<br>LEI: 529900S4AEURJWWPM252       | Long             | EC               | CORP              | CA        |    275000 | NS      | $158148.23    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PECOY COPPER CORP              | PECOY COPPER CORP                           | CUSIP: N/A<br>LEI: 984500E4Z2A4EBECED27       | Long             | EC               | CORP              | CA        |    125000 | NS      | $146466.82    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixton Metals Corp            | Brixton Metals Corp.                        | CUSIP: N/A<br>LEI: 254900N5DFREO3U52485       | Long             | EC               | CORP              | CA        |    200000 | NS      | $163180.22    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Anson Resources Ltd            | Anson Resources, Ltd.                       | CUSIP: N/A<br>LEI: 529900U2F9BSPAMFR394       | Long             | EC               | CORP              | AU        |   1000000 | NS      | $33422.57     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NGEx Minerals Ltd              | NGEx Minerals, Ltd.                         | CUSIP: N/A<br>LEI: 549300M2DU5ORAGOIG27       | Long             | EC               | CORP              | CA        |     50000 | NS      | $909352.31    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| LibertyStream Infrastructure P | LibertyStream Infrastructure Partners, Inc. | CUSIP: N/A<br>LEI: 549300SDR8MSPG2LCS66       | Long             | EC               | CORP              | CA        |    975000 | NS      | $637804.62    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Paragon Advanced Labs Inc      | Paragon Advanced Labs, Inc.                 | CUSIP: N/A<br>LEI: 529900I49O1IZX5SDV24       | Long             | EC               | CORP              | CA        |    100000 | NS      | $233628.06    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Nano One Materials Corp        | Nano One Materials Corp.                    | CUSIP: N/A<br>LEI: 549300WY1QJ560JAB909       | Long             | EC               | CORP              | CA        |    395000 | NS      | $244195.24    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Nano One Materials Corp        | Nano One Materials Corp.                    | CUSIP: BWCLKK4W2<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |     82500 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Royal Road Minerals Ltd        | Royal Road Minerals, Ltd.                   | CUSIP: N/A<br>LEI: 54930033JDODZL6J2G22       | Long             | EC               | CORP              | JE        |   5500000 | NS      | $770972.61    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannan Metals Ltd              | Hannan Metals, Ltd.                         | CUSIP: N/A<br>LEI: 391200A99MOXTV5NAC86       | Long             | EC               | CORP              | CA        |    975000 | NS      | $420530.52    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc                 | K92 Mining, Inc.                            | CUSIP: N/A<br>LEI: 254900EA8H0X9FEVZU11       | Long             | EC               | CORP              | CA        |     80000 | NS      | $1357774.42   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Contango Holdings PLC          | Contango Holdings PLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    400000 | PA      | $529440.18    | 1.08%             | 2026-06-30      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                            | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     22000 | NS      | $2001560.00   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                | Bunge Global SA                             | CUSIP: H11356104<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |      4000 | NS      | $508800.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Juno Corp                      | Juno Corp.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    200000 | NS      | $575084.47    | 1.18%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-22

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

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer