# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0000101507-26-000102
**Filing Date:** 2026-5
**Character Count:** 21294
**Document Hash:** 446dc53adf72134b41fde112dd87d0de
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000101507-26-000102.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0000101507-26-000102

**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:** 261012127

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **STREET 2:** SUITE 600
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 2103081234

**MAIL ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **STREET 2:** SUITE 600
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** US GLOBAL INVESTORS INC/ TX
- **DATE OF NAME CHANGE:** 19970224

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED SERVICES FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED SERVICES GOLD SHARES INC
- **DATE OF NAME CHANGE:** 19841106

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** U.S. GLOBAL INVESTORS FUNDS

- **b. Investment Company Act file number:** 811-01800

- **c. CIK number of Registrant:** 0000101507

- **d. LEI of Registrant:** 254900I1ONHL0TVFXN37

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** THREE CANAL PLAZA, SUITE 600

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 207-347-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** USGI GLOBAL LUXURY GOODS FUND

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

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

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

- **a. Date of fiscal year-end:** 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:** $48999646.31

**Total Liabilities:** $116434.99

**Net Assets:** $48883211.32

**Cash Not Reported:** $5303576.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069385 | -1.33%               | 2.42%                | -11.07%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1107599.62              | $-1758528.55                               |
| Month 2  | $1041815.94              | $296930.14                                 |
| Month 3  | $1966854.06              | $-8111687.92                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| adidas AG                      | adidas AG                                      | CUSIP: 00687A107<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      5600 | NS      | $449064.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com, Inc.                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      9500 | NS      | $1978565.00   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP               | Aris Gold Corp.                                | CUSIP: 04041BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    287568 | PA      | $1020866.40   | 2.09%             | 2027-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Carnival Corp                  | Carnival Corp.                                 | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     52500 | NS      | $1358700.00   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastructure Ventures, Inc.  | Infrastructure Ventures, Inc.                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    426533 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands, Inc.                     | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      1000 | NS      | $150000.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                         | CUSIP: 233825207<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |    116200 | NS      | $1772050.00   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Green Energy Corp.     | Pacific Green Energy Corp.                     | CUSIP: N/A<br>LEI: 6X064LF7Y6B4DKF2GZ26       | Long             | EC               | CORP              | US        |    100000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Burberry Group PLC             | Burberry Group PLC                             | CUSIP: N/A<br>LEI: 213800PE1KEFCNFR1R50       | Long             | EC               | CORP              | GB        |     40000 | NS      | $585284.37    | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp             | Franco-Nevada Corp.                            | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      1540 | NS      | $380457.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X MSCI China Consumer D | Global X MSCI China Consumer Discretionary ETF | CUSIP: 37950E408<br>LEI: 549300ZKPZ4CX85D8R98 | Long             | EC               | RF                | US        |      4500 | NS      | $89460.00     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Christian Dior SE              | Christian Dior SE                              | CUSIP: N/A<br>LEI: 969500WESYQMQ1F2C272       | Long             | EC               | CORP              | FR        |      1560 | NS      | $814965.79    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc  | Hilton Worldwide Holdings, Inc.                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      4250 | NS      | $1292340.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corp         | Integra Resources Corp.                        | CUSIP: 45826T509<br>LEI: 529900MC191X8CY3P306 | Long             | EC               | CORP              | CA        |     43000 | NS      | $117390.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA               | Pernod Ricard SA                               | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |      4760 | NS      | $353962.59    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                      | Kering SA                                      | CUSIP: 492089107<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |     20200 | NS      | $612464.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                     | L'Oreal SA                                     | CUSIP: 502117203<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     10450 | NS      | $856168.50    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE            | CUSIP: 502441306<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     31491 | NS      | $3440076.84   | 7.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp           | Las Vegas Sands Corp.                          | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     12200 | NS      | $657336.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The       | The Estee Lauder Cos., Inc.                    | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     13000 | NS      | $933010.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA       | Hermes International SCA                       | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      1758 | NS      | $3330270.80   | 6.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Life Time Group Holdings Inc   | Life Time Group Holdings, Inc.                 | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41100 | NS      | $1107234.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                  | Volkswagen AG                                  | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |     10260 | NS      | $1073097.97   | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM Resorts International      | MGM Resorts International                      | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      2500 | NS      | $92525.00     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International, Inc.                   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      2900 | NS      | $948503.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG    | Bayerische Motoren Werke AG                    | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     11500 | NS      | $1063827.78   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Melco Resorts & Entertainment  | Melco Resorts & Entertainment, Ltd.            | CUSIP: 585464100<br>LEI: 529900NRV6LBR3T6B421 | Long             | EC               | CORP              | HK        |     12000 | NS      | $68160.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Forward Currency Contract                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3007805.00   | 6.15%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Forward Currency Contract                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3007805.00   | 6.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Metalla Royalty & Streaming Lt | Metalla Royalty & Streaming, Ltd.              | CUSIP: 59124U605<br>LEI: 549300RPR0O774QEKV20 | Long             | EC               | CORP              | CA        |     43500 | NS      | $288405.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Resources Ltd            | Regis Resources, Ltd.                          | CUSIP: N/A<br>LEI: 213800XH9YUXBLYBD749       | Long             | EC               | CORP              | AU        |     13000 | NS      | $61617.13     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Ramelius Resources Ltd         | Ramelius Resources, Ltd.                       | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |     30000 | NS      | $78103.87     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| OR Royalties Inc               | OR Royalties, Inc.                             | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |     11000 | NS      | $418220.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Porsche Automobil Holding SE   | Porsche Automobil Holding SE                   | CUSIP: N/A<br>LEI: 52990053Z17ZYM1KFV27       | Long             | EP               | CORP              | DE        |      2000 | NS      | $73234.38     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Gold Inc                 | Royal Gold, Inc.                               | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      1255 | NS      | $319384.95    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                   | Tapestry, Inc.                                 | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      4045 | NS      | $570789.95    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla, Inc.                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      7100 | NS      | $2639425.00   | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| RealReal Inc/The               | The RealReal, Inc.                             | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |     32000 | NS      | $290560.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc              | Toll Brothers, Inc.                            | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      5400 | NS      | $736938.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PRADA SpA                      | PRADA SpA                                      | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |     47000 | NS      | $224032.91    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunello Cucinelli SpA         | Brunello Cucinelli SpA                         | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |      5950 | NS      | $519995.39    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HUGO BOSS AG                   | HUGO BOSS AG                                   | CUSIP: N/A<br>LEI: 529900LFVU534EBRXD13       | Long             | EC               | CORP              | DE        |     11100 | NS      | $480474.04    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA                    | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     13379 | NS      | $2362278.36   | 4.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler SpA                    | Moncler SpA                                    | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |     13900 | NS      | $836899.12    | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Sports Fashion PLC          | JD Sports Fashion PLC                          | CUSIP: N/A<br>LEI: 213800HROV6Y9MUU8375       | Long             | EC               | CORP              | GB        |    590000 | NS      | $559590.81    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Lendified Holdings Inc         | Lendified Holdings, Inc.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |   1116560 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Industria de Diseno Textil SA  | Industria de Diseno Textil SA                  | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |      4200 | NS      | $244476.98    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                     | Zalando SE                                     | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |     32900 | NS      | $803771.47    | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Laopu Gold Co Ltd              | Laopu Gold Co., Ltd.                           | CUSIP: N/A<br>LEI: 2549003X1NWK88OCWI97       | Long             | EC               | CORP              | CN        |      3800 | NS      | $307627.92    | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Viking Holdings Ltd            | Viking Holdings, Ltd.                          | CUSIP: G93A5A101<br>LEI: 52990032GOPN7BVQMN13 | Long             | EC               | CORP              | BM        |     12335 | NS      | $906375.80    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                                   | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     27800 | NS      | $1086146.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                     | Ferrari NV                                     | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      7925 | NS      | $2682216.25   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd    | Royal Caribbean Cruises, Ltd.                  | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      8530 | NS      | $2347285.40   | 4.80%             |  |  |  | No            |                  1 | 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