# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0000101507-25-000096
**Filing Date:** 2025-11
**Character Count:** 20893
**Document Hash:** 757ff531870a51a8613f01414eac5b86
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000101507-25-000096.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000101507-25-000096

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**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:** 251510499

**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:** 2025-09-30

**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:** $23423541.53

**Total Liabilities:** $71661.76

**Net Assets:** $23351879.77

**Cash Not Reported:** $2840128.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 695.90196305 | **1-Year:** 1050.66049980 | **5-Year:** 305.71793629 | **10-Year:** 282.90757784 | **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 | 0.68%                | 0.21%                | 0.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $47519.94                                  |
| Month 2  | $1726.00                 | $66500.44                                  |
| Month 3  | $-1555.58                | $35645.78                                  |

### 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      | $198598.04    | 0.85%             | 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      | $498285.60    | 2.13%             | 2026-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| N/A                            | Bayside WI Promissory Note                              | CUSIP: 073151JZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $232249.61    | 0.99%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| iShares Short-Term California  | iShares Short-Term California Muni Active ETF           | CUSIP: 092528884<br>LEI: 529900R8UUYH8SM2G094 | Long             | EC               | RF                | US        |      1126 | NS      | $57054.42     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CHERRYVILLE NC                 | City of Cherryville NC                                  | CUSIP: 164861FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $408245.77    | 1.75%             | 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      | $1160569.59   | 4.97%             | 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      | $350000.00    | 1.50%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                    | CUSIP: 20772JY63<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202943.60    | 0.87%             | 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      | $769481.03    | 3.30%             | 2026-10-01      | 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      | $514820.10    | 2.20%             | 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      | $266415.97    | 1.14%             | 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      | $414113.44    | 1.77%             | 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      | $998533.30    | 4.28%             | 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      | $265930.23    | 1.14%             | 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      | $300000.00    | 1.28%             | 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      | $371703.92    | 1.59%             | 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      | $419085.44    | 1.79%             | 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      | $179244.26    | 0.77%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOFFMAN ESTATES IL             | Village of Hoffman Estates IL                           | CUSIP: 434452NP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006161.90   | 4.31%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                       | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045242.90   | 4.48%             | 2028-11-01      | 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      | $260463.55    | 1.12%             | 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      | $152193.17    | 0.65%             | 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      | $170047.06    | 0.73%             | 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      | $296151.66    | 1.27%             | 2028-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MADISON CNTY MS                | County of Madison MS                                    | CUSIP: 557259VB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125159.29    | 0.54%             | 2025-11-01      | Fixed         | 4.50%                 | 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      | $542735.99    | 2.32%             | 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      | $204175.90    | 0.87%             | 2026-08-01      | 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      | $150855.48    | 0.65%             | 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      | $164675.21    | 0.71%             | 2028-06-01      | 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      | $215000.00    | 0.92%             | 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      | $1084085.60   | 4.64%             | 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      | $628076.22    | 2.69%             | 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      | $279377.99    | 1.20%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE | City of San Antonio TX Electric & Gas Systems Revenue   | CUSIP: 7962533Z3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504101.80    | 2.16%             | 2026-02-01      | 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      | $377917.39    | 1.62%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO | Tennessee Energy Acquisition Corp.                      | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    700000 | PA      | $757665.44    | 3.24%             | 2035-12-01      | Fixed         | 5.00%                 | 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      | $590194.94    | 2.53%             | 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      | $712913.14    | 3.05%             | 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      | $1022009.40   | 4.38%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE MI ST UNIV REVENUES      | Wayne State University                                  | CUSIP: 946303ZF4<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |    430000 | PA      | $431226.02    | 1.85%             | 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      | $686727.94    | 2.94%             | 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      | $762766.54    | 3.27%             | 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      | $550075.57    | 2.36%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-21

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

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer