# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0000101507-25-000043
**Filing Date:** 2025-8
**Character Count:** 24657
**Document Hash:** fe096c60e6c51247a34205c6d634e51d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000101507-25-000043.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0000101507-25-000043

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**PERIOD START**: 20251231

**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:** 251241348

**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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $24927747.08

**Total Liabilities:** $64855.60

**Net Assets:** $24862891.48

**Cash Not Reported:** $305380.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 742.17720175 | **1-Year:** 1318.77704649 | **5-Year:** 159.27271215 | **10-Year:** 181.83055934 | **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 | -0.28%               | 0.69%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-59765.76                                 |
| Month 2  | $-362.35                 | $50959.26                                  |
| Month 3  | $49.82                   | $69787.07                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASHLAND OR                     | City of Ashland OR                                            | CUSIP: 044555NL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197494.50    | 0.79%             | 2026-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BARROW CNTY GA SCH DIST        | Barrow County School District                                 | CUSIP: 068746GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495947.65    | 1.99%             | 2026-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CAMPBELLSVILLE KY INDEP SCH DI | Campbellsville Independent School District Finance Corp.      | CUSIP: 134515KR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165082.38    | 0.66%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARROLL CITY-CNTY GA HOSP AUTH | Carroll City-County Hospital Authority                        | CUSIP: 144709HA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 4.02%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHERRYVILLE NC                 | City of Cherryville NC                                        | CUSIP: 164861FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $395886.48    | 1.59%             | 2031-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CHISAGO CNTY MN                | County of Chisago MN                                          | CUSIP: 170088QU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1152291.60   | 4.63%             | 2027-02-01      | Fixed         | 2.00%                 | 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      | $351520.12    | 1.41%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                          | CUSIP: 20772JY63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203841.44    | 0.82%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX WTRWKS & SWR SYS REV | City of Dallas TX Waterworks & Sewer System Revenue           | CUSIP: 23542JAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $771644.63    | 3.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST MUNI ELEC CORP REV | The Delaware Municipal Electric Corp.                         | CUSIP: 246154DE5<br>LEI: 549300YTTTN4102GXK87 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.50%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER PORT AUTH PA &  | Delaware River Port Authority                                 | CUSIP: 246348FV3<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517889.00    | 2.08%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX                      | City of Denton TX                                             | CUSIP: 248867BL6<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |    265000 | PA      | $267039.94    | 1.07%             | 2026-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX                      | City of Denton TX                                             | CUSIP: 248867FP3<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |    400000 | PA      | $415057.44    | 1.67%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELMBROOK WI SCH DIST           | Elmbrook School District                                      | CUSIP: 289365KD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985559.70    | 3.96%             | 2028-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GLENDALE CO COPS               | City of Glendale CO                                           | CUSIP: 37850NBQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $267047.23    | 1.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRADY CNTY SCH DIST GA         | Grady County School District                                  | CUSIP: 384136AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301416.48    | 1.21%             | 2025-10-01      | 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      | $373281.30    | 1.50%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREELEY CO WTR REVENUE         | City of Greeley CO Water Revenue                              | CUSIP: 392546GR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419714.36    | 1.69%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                      | State of Hawaii                                               | CUSIP: 419792MJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $179930.22    | 0.72%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                             | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035972.80   | 4.17%             | 2028-11-01      | 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        |     15000 | NS      | $763800.00    | 3.07%             |  |  |  | No            |                  1 | 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      | $260888.06    | 1.05%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH          | King County Housing Authority                                 | CUSIP: 494759QX4<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151906.65    | 0.61%             | 2027-06-01      | 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      | $170008.76    | 0.68%             | 2027-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN CITY OR LINCOLN CNTY   | City of Lincoln City OR                                       | CUSIP: 533080LF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $292609.32    | 1.18%             | 2028-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LOS ALAMOS NM PUBLIC SCH DIST  | Los Alamos Public School District                             | CUSIP: 54422NFU5<br>LEI: 549300SID7EGYQLLG423 | Long             | DBT              | MUN               | US        |    520000 | PA      | $520809.43    | 2.09%             | 2025-08-01      | 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      | $125135.38    | 0.50%             | 2025-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MESA AZ                        | City of Mesa AZ                                               | CUSIP: 590485K56<br>LEI: 549300L1QYAKFHSIGE94 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.61%             | 2025-07-01      | Fixed         | 4.00%                 | 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      | $425000.00    | 1.71%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW BEDFORD MA HSG AUTH        | New Bedford Housing Authority                                 | CUSIP: 642171BM3<br>LEI: 549300D7QK56V90AWN39 | Long             | DBT              | MUN               | US        |    550000 | PA      | $537515.28    | 2.16%             | 2027-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                           | CUSIP: 64966MQ44<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205028.92    | 0.82%             | 2026-08-01      | 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      | $250406.15    | 1.01%             | 2025-08-01      | 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      | $151398.54    | 0.61%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARIS TN UTIL AUTH ELEC UTILIT | Paris Utility Authority Electric System Revenue               | CUSIP: 699852BP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $164133.08    | 0.66%             | 2028-06-01      | 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      | $310788.55    | 1.25%             | 2025-08-15      | 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      | $215782.08    | 0.87%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                              | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057157.30   | 4.25%             | 2055-01-01      | Variable      | 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      | $628948.02    | 2.53%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCKWALL TX INDEP SCH DIST     | Rockwall Independent School District                          | CUSIP: 774286CZ9<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |    270000 | PA      | $280120.06    | 1.13%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX                 | City of San Antonio TX                                        | CUSIP: 79623PCS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252083.88   | 5.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE | City of San Antonio TX Electric & Gas Systems Revenue         | CUSIP: 7962534A7<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    375000 | PA      | $379433.33    | 1.53%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CNTY KS UNIF SCH DIST | Sedgwick County Unified School District No. 262 Valley Center | CUSIP: 815662JB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300135.33    | 1.21%             | 2025-09-01      | Fixed         | 4.00%                 | 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      | $200062.78    | 0.80%             | 2025-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION  | Texas Municipal Gas Acquisition & Supply Corp. V              | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |    540000 | PA      | $574372.13    | 2.31%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS TRANSPRTN COMMISSION ST  | Texas Department of Transportation State Highway Fund         | CUSIP: 88283LKK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $715664.99    | 2.88%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES | Board of Regents of the University of Texas System            | CUSIP: 91514ADC6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026177.20   | 4.13%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARRICK CNTY IN REDEV DIST     | County of Warrick IN Redevelopment District                   | CUSIP: 936203CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170100.67    | 0.68%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAYNE MI ST UNIV REVENUES      | Wayne State University                                        | CUSIP: 946303ZF4<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |    430000 | PA      | $433303.00    | 1.74%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTWOOD TX INDEP SCH DIST     | Westwood Independent School District                          | CUSIP: 961771BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $688313.57    | 2.77%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSPORT PA SAN AUTH       | Williamsport Sanitary Authority                               | CUSIP: 970225EK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $764926.23    | 3.08%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN                    | City of Woodbury MN                                           | CUSIP: 97913PFU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $545832.16    | 2.20%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| YSLETA TX INDEP SCH DIST       | Ysleta Independent School District                            | CUSIP: 9881688N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $651591.98    | 2.62%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-21

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

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer