# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0001752724-23-048788
**Filing Date:** 2023-3
**Character Count:** 36017
**Document Hash:** 741a84bc036ee3e57fdd21c0a4db2057
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048788.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048788

**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:** 23690458

**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

### Near-Term Tax Free Fund (Series ID: S000004789)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000013000 | Near-Term Tax Free Fund | NEARX           |

## 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 NEAR-TERM TAX FREE FUND

- **b. EDGAR series identifier (if any):** S000004789

- **c. LEI of Series:** 254900VJCDPYLDSOM983

**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:** $30935130.03

**Total Liabilities:** $128862.98

**Net Assets:** $30806267.05

**Cash Not Reported:** $381008.65

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 1237.98882229 | **1-Year:** 1518.25978178 | **5-Year:** 279.03130151 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013000 | 0.11%                | 0.65%                | 0.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1053192.67             | $955326.83                                 |
| Month 2  | $-280183.64              | $544052.47                                 |
| Month 3  | $-2212.23                | $-48171.51                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW YORK NY                    | City of New York NY                                                           | CUSIP: 64966MQ44<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $216327.32    | 0.70%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP | Great Lakes Water Authority Water Supply System Revenue                       | CUSIP: 39081JAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $391620.44    | 1.27%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE      | County of Utah UT                                                             | CUSIP: 917393BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256905.05    | 0.83%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCH DIST       | School District of Broward County/FL                                          | CUSIP: 115067MD9<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    560000 | PA      | $563116.62    | 1.83%             | 2023-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAWRENCE KS                    | City of Lawrence KS                                                           | CUSIP: 520121KE3<br>LEI: 5493004LLF0HG6XS2E46 | Long             | DBT              | MUN               | US        |    170000 | PA      | $170978.64    | 0.56%             | 2027-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                      | CUSIP: 57584X2P5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256249.83    | 0.83%             | 2025-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRADY CNTY OK SCH FIN AUTH EDU | Grady County School Finance Authority                                         | CUSIP: 384201DK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $232557.50    | 0.75%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE CO COPS               | City of Glendale CO                                                           | CUSIP: 37850NBQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $780293.10    | 2.53%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON CNTY TX              | County of Galveston TX                                                        | CUSIP: 364195GN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $545349.78    | 1.77%             | 2023-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S HENRY IN MULTI-SCH BLDG CORP | South Henry Multi School Building Corp.                                       | CUSIP: 838301BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128845.58    | 0.42%             | 2024-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                  | CUSIP: 70914PD82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311454.78    | 1.01%             | 2024-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX WTRWKS & SWR SYS REV | City of Dallas TX Waterworks & Sewer System Revenue                           | CUSIP: 23542JFD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $279286.73    | 0.91%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON CNTY MS                | County of Madison MS                                                          | CUSIP: 557259VB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128971.45    | 0.42%             | 2025-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALABASTER AL BRD OF EDU SPL TA | Alabaster Board of Education                                                  | CUSIP: 010663AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310323.51    | 1.01%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                           | CUSIP: 64966MST7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264586.95    | 0.86%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Ultra-Short Municipal | JPMorgan Ultra-Short Municipal Income ETF                                     | CUSIP: 46641Q654<br>LEI: 549300C27W430AWFZC05 | Long             | EC               | RF                | US        |     22500 | NS      | $1137037.50   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWAII ST                      | State of Hawaii                                                               | CUSIP: 419792MJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $189846.14    | 0.62%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH     | Massachusetts Port Authority                                                  | CUSIP: 575896RA5<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    560000 | PA      | $577494.12    | 1.87%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government of Nashville & Davidson County TN                     | CUSIP: 592112TA4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258254.70    | 0.84%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT SAINT LUCIE FL CMNTY REDE | Port St Lucie Community Redevelopment Agency                                  | CUSIP: 735357BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $733546.51    | 2.38%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMATILLA CNTY OR SCH DIST #8 R | Umatilla County School District No. 8R Hermiston                              | CUSIP: 904121JD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $123187.44    | 0.40%             | 2023-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN HLTH CARE REVEN | City of St Cloud MN                                                           | CUSIP: 78916VCZ1<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |    185000 | PA      | $189463.33    | 0.62%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                           | CUSIP: 93974EWJ1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    490000 | PA      | $495073.75    | 1.61%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD MN                 | City of Springfield MN                                                        | CUSIP: 850833KH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $154953.97    | 0.50%             | 2024-12-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| UNIV OF VERMONT & ST AGRIC CLG | University of Vermont and State Agricultural College                          | CUSIP: 915200ZT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $399255.01    | 1.30%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                             | CUSIP: 052397DH6<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    215000 | PA      | $223072.35    | 0.72%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND CNTY OK INDEP SCH DI | Cleveland County Independent School District No. 29 Norman                    | CUSIP: 186072RZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $415506.05    | 1.35%             | 2024-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KETTERING OH CITY SCH DIST     | Kettering City School District                                                | CUSIP: 492692SQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $291221.14    | 0.95%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                    | CUSIP: 59447PZH7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    300000 | PA      | $309638.58    | 1.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                          | CUSIP: 20772KCE7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    235000 | PA      | $239127.38    | 0.78%             | 2024-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TX                     | City of Leander TX                                                            | CUSIP: 521838M74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $977194.71    | 3.17%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH BERGEN TWP NJ            | Township of North Bergen NJ                                                   | CUSIP: 657645XX0<br>LEI: 5493000YXKBTX89ZDP04 | Long             | DBT              | MUN               | US        |    440000 | PA      | $445188.35    | 1.45%             | 2023-12-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BOND DEV CORP HOSP FA | Kentucky Bond Development Corp.                                               | CUSIP: 491210AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $246178.36    | 0.80%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK PUBLIC FACS AUTH      | Tulsa Public Facilities Authority                                             | CUSIP: 899673DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770934.98    | 2.50%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CHARLES IL               | City of St Charles IL                                                         | CUSIP: 787758YB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $213936.07    | 0.69%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIMSBURY CT                    | Town of Simsbury CT                                                           | CUSIP: 829200SD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207067.34    | 0.67%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST                    | Commonwealth of Virginia                                                      | CUSIP: 928109U47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $539555.58    | 1.75%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL | South Dakota Health & Educational Facilities Authority                        | CUSIP: 83755VM27<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    135000 | PA      | $138606.19    | 0.45%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY                     | City of Ashland KY                                                            | CUSIP: 044249DH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $312502.56    | 1.01%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDDLESEX CNTY NJ IMPT AUTH RE | Middlesex County Improvement Authority                                        | CUSIP: 596566YU7<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |    425000 | PA      | $449386.20    | 1.46%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN IN SCH CORP       | Northwestern School Corp.                                                     | CUSIP: 66809AAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158580.86    | 0.51%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEGA CAY SC                    | City of Tega Cay SC                                                           | CUSIP: 87900RBL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $326489.26    | 1.06%             | 2025-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP SF MTGE  | Louisiana Housing Corp.                                                       | CUSIP: 54627DDL2<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    295000 | PA      | $287298.88    | 0.93%             | 2024-12-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV WTR RECLAMATION  | Clark County Water Reclamation District                                       | CUSIP: 181070EK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309460.74    | 1.00%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO LAND CLEARANCE  | St Louis Land Clearance for Redevelopment Authority                           | CUSIP: 85233SBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205894.52    | 0.67%             | 2025-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY TWP IL HIGH SCH DIST | Cook County Township High School District No. 225                             | CUSIP: 215777KH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311965.86    | 1.01%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                          | CUSIP: 20772JY63<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214634.28    | 0.70%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                           | CUSIP: 93974EEW2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    385000 | PA      | $388278.31    | 1.26%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIO RANCHO NM                  | City of Rio Rancho NM                                                         | CUSIP: 767165EZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $658196.16    | 2.14%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARRICK CNTY IN REDEV DIST     | Warrick County Redevelopment District                                         | CUSIP: 936203CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $174730.76    | 0.57%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU | University of Houston                                                         | CUSIP: 914302CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $148408.98    | 0.48%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ECTOR CNTY TX INDEP SCH DIST   | Ector County Independent School District                                      | CUSIP: 279263PT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405110.12    | 1.32%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST FEDERAL HIGHW | Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue | CUSIP: 57583PGC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258357.70    | 0.84%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                                       | CUSIP: 73358WZY3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    215000 | PA      | $224160.94    | 0.73%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KLAMATH FALLS OR INTERCMNTY HO | Klamath Falls Intercommunity Hospital Authority                               | CUSIP: 498413FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176706.15    | 0.57%             | 2024-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LENOX MA                       | Town of Lenox MA                                                              | CUSIP: 526318PY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $298277.58    | 0.97%             | 2023-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VERNON TWP NJ                  | Township of Vernon NJ                                                         | CUSIP: 924735GH0<br>LEI: 549300471LENUEZK1P70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252597.55    | 0.82%             | 2024-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST BRIDGEWATER MA            | Town of East Bridgewater MA                                                   | CUSIP: 271227SQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    687949 | PA      | $691654.91    | 2.25%             | 2023-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL PARK DIST           | Chicago Park District                                                         | CUSIP: 167615TH6<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508572.25    | 1.65%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH          | King County Housing Authority                                                 | CUSIP: 494759QX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153969.06    | 0.50%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CMWLTH TRANSPRTN B | Virginia Commonwealth Transportation Board                                    | CUSIP: 927793ZC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $237318.82    | 0.77%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                  | CUSIP: 70914PYR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $328292.48    | 1.07%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA FIRE PROT DIST #4 | King County Fire Protection District No. 45                                   | CUSIP: 494757CE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $268680.00    | 0.87%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA CMNTY CLG SYS BRD OF T | Alabama Community College System                                              | CUSIP: 01025PLV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $188557.51    | 0.61%             | 2024-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAREDO TX WTRWKS SWR SYS REVEN | City of Laredo TX Waterworks & Sewer System Revenue                           | CUSIP: 517039ZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $626870.06    | 2.03%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX INDEP SCH DIST   | Fort Worth Independent School District                                        | CUSIP: 3494603K9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3920000 | PA      | $3928622.43   | 12.75%            | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESA AZ                        | City of Mesa AZ                                                               | CUSIP: 590485K56<br>LEI: 549300L1QYAKFHSIGE94 | Long             | DBT              | MUN               | US        |    400000 | PA      | $411875.96    | 1.34%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE       | Iowa Finance Authority                                                        | CUSIP: 46246K4Z2<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    290000 | PA      | $300315.10    | 0.97%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASHLAND OR                     | City of Ashland OR                                                            | CUSIP: 044555NL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193739.38    | 0.63%             | 2026-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH   | Pittsburgh Water & Sewer Authority                                            | CUSIP: 725304UJ6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    300000 | PA      | $310323.48    | 1.01%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTSMOUTH NH                  | City of Portsmouth NH                                                         | CUSIP: 737050H31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203512.66    | 0.66%             | 2024-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JORDAN VLY UT WTR CONSERVANCY  | Jordan Valley Water Conservancy District                                      | CUSIP: 480780HW8<br>LEI: 549300FO664B0R46Z431 | Long             | DBT              | MUN               | US        |    280000 | PA      | $291095.34    | 0.94%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARTLAND WI                    | Village of Hartland WI                                                        | CUSIP: 416863RZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $420512.48    | 1.37%             | 2024-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MILPITAS CA WSTWTR REVENUE     | City of Milpitas CA Wastewater Revenue                                        | CUSIP: 601671AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $364925.68    | 1.18%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                          | CUSIP: 19648FRD8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    350000 | PA      | $366504.36    | 1.19%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                           | CUSIP: 13063C4L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310648.08    | 1.01%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST SIDE CA UNION HIGH SCH DI | East Side Union High School District                                          | CUSIP: 275282NS6<br>LEI: 549300FHNKBG2V8ZLG85 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207067.34    | 0.67%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THIEF RIVER FALLS MN           | City of Thief River Falls MN                                                  | CUSIP: 8838152A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $147815.72    | 0.48%             | 2024-02-01      | Fixed         | 2.00%                 | 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