# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0000101507-26-000039
**Filing Date:** 2026-2
**Character Count:** 22302
**Document Hash:** 6f1db281295d61d9fa2646f11cbdb8d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000101507-26-000039.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000101507-26-000039

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**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:** 26701409

**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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $54098091.61

**Total Liabilities:** $103039.12

**Net Assets:** $53995052.49

**Cash Not Reported:** $1860128.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069385 | -2.40%               | 2.50%                | 4.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-87676.34               | $-1095339.78                               |
| Month 2  | $102025.43               | $1415330.09                                |
| Month 3  | $39009.10                | $2179830.44                                |

### 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      | $553560.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP               | Aris Gold Corp.                                | CUSIP: 04041BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    336994 | PA      | $926733.50    | 1.72%             | 2027-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Carnival Corp                  | Carnival Corp.                                 | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     70500 | NS      | $2153070.00   | 3.99%             |  |  |  | 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      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                         | CUSIP: 233825207<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |    116200 | NS      | $2041680.48   | 3.78%             |  |  |  | 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      |
| Franco-Nevada Corp             | Franco-Nevada Corp.                            | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      2610 | NS      | $541000.80    | 1.00%             |  |  |  | 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      | $95692.50     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | The Goldman Sachs Group, Inc.                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2375 | NS      | $2087625.00   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Christian Dior SE              | Christian Dior SE                              | CUSIP: N/A<br>LEI: 969500WESYQMQ1F2C272       | Long             | EC               | CORP              | FR        |       810 | NS      | $563756.04    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc  | Hilton Worldwide Holdings, Inc.                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      7500 | NS      | $2154375.00   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corp         | Integra Resources Corp.                        | CUSIP: 45826T509<br>LEI: 529900MC191X8CY3P306 | Long             | EC               | CORP              | CA        |     65000 | NS      | $260650.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA               | Pernod Ricard SA                               | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |      4760 | NS      | $407581.38    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Kering SA                      | Kering SA                                      | CUSIP: 492089107<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |     20200 | NS      | $710434.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                     | L'Oreal SA                                     | CUSIP: 502117203<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     10450 | NS      | $895042.50    | 1.66%             |  |  |  | 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        |     30391 | NS      | $4583266.71   | 8.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp           | Las Vegas Sands Corp.                          | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     12200 | NS      | $794098.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The       | The Estee Lauder Cos., Inc.                    | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      6500 | NS      | $680680.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA       | Hermes International SCA                       | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      1418 | NS      | $3520682.22   | 6.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc   | Life Time Group Holdings, Inc.                 | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33600 | NS      | $893088.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                  | Volkswagen AG                                  | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |     14760 | NS      | $1802586.03   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International, Inc.                   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      5800 | NS      | $1799392.00   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Metalla Royalty & Streaming Lt | Metalla Royalty & Streaming, Ltd.              | CUSIP: 59124U605<br>LEI: 549300RPR0O774QEKV20 | Long             | EC               | CORP              | CA        |     17000 | NS      | $132260.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Resolute Mining Ltd            | Resolute Mining, Ltd.                          | CUSIP: N/A<br>LEI: 254900MP8JONT590XY28       | Long             | EC               | CORP              | AU        |    430000 | NS      | $348272.78    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Resources Ltd            | Regis Resources, Ltd.                          | CUSIP: N/A<br>LEI: 213800XH9YUXBLYBD749       | Long             | EC               | CORP              | AU        |    107000 | NS      | $533660.78    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd         | Ramelius Resources, Ltd.                       | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |    209000 | NS      | $574833.27    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc               | OR Royalties, Inc.                             | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |     15000 | NS      | $530850.00    | 0.98%             |  |  |  | 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      | $93310.87     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                 | Royal Gold, Inc.                               | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      3305 | NS      | $734668.45    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                   | Tapestry, Inc.                                 | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      6500 | NS      | $830505.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla, Inc.                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      5840 | NS      | $2626364.80   | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Triple Flag Precious Metals Co | Triple Flag Precious Metals Corp.              | CUSIP: 89679M104<br>LEI: 254900R7NJ1TEYIM4E61 | Long             | EC               | CORP              | CA        |      3600 | NS      | $119592.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp   | Wheaton Precious Metals Corp.                  | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      3000 | NS      | $352560.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PRADA SpA                      | PRADA SpA                                      | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |     47000 | NS      | $272276.24    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CHOW TAI FOOK                  | Chow Tai Fook Jewellery Group, Ltd.            | CUSIP: N/A<br>LEI: 254900VXRL7SRSF44G79       | Long             | EC               | CORP              | KY        |    155000 | NS      | $247636.14    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA         | Brunello Cucinelli SpA                         | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |      5950 | NS      | $682451.08    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HUGO BOSS AG                   | HUGO BOSS AG                                   | CUSIP: N/A<br>LEI: 529900LFVU534EBRXD13       | Long             | EC               | CORP              | DE        |      1100 | NS      | $46350.42     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA                    | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     11979 | NS      | $2583283.87   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Moncler SpA                    | Moncler SpA                                    | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |     11900 | NS      | $760650.59    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Sports Fashion PLC          | JD Sports Fashion PLC                          | CUSIP: N/A<br>LEI: 213800HROV6Y9MUU8375       | Long             | EC               | CORP              | GB        |    800000 | NS      | $906790.03    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NG Energy International Corp   | NG Energy International Corp.                  | CUSIP: N/A<br>LEI: 5493008ZYYAQDL3KMH86       | Long             | EC               | CORP              | CA        |     47500 | NS      | $38759.97     | 0.07%             |  |  |  | No            |                  1 | 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      |
| Davide Campari-Milano NV       | Davide Campari-Milano NV                       | CUSIP: N/A<br>LEI: 213800ED5AN2J56N6Z02       | Long             | EC               | CORP              | NL        |     16300 | NS      | $105302.87    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA  | Industria de Diseno Textil SA                  | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     39100 | NS      | $2579219.06   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DPM Metals Inc                 | DPM Metals, Inc.                               | CUSIP: N/A<br>LEI: 549300LATVTU0EIUMD45       | Long             | EC               | CORP              | CA        |     11200 | NS      | $346146.95    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                     | Zalando SE                                     | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |     32900 | NS      | $970782.69    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanaGold Corp                | OceanaGold Corp.                               | CUSIP: N/A<br>LEI: 549300CBMSE8I9N3E232       | Long             | EC               | CORP              | CA        |      8333 | NS      | $236168.96    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Laopu Gold Co Ltd              | Laopu Gold Co., Ltd.                           | CUSIP: N/A<br>LEI: 2549003X1NWK88OCWI97       | Long             | EC               | CORP              | CN        |       800 | NS      | $63936.37     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vault Minerals Ltd             | Vault Minerals, Ltd.                           | CUSIP: N/A<br>LEI: 5299008TF8KHQ8CIQG34       | Long             | EC               | CORP              | AU        |     36923 | NS      | $132890.91    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Caledonia Mining Corp PLC      | Caledonia Mining Corp. PLC                     | CUSIP: G1757E113<br>LEI: 21380093ZBI4BFM75Y51 | Long             | EC               | CORP              | JE        |      3000 | NS      | $78510.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd            | Signet Jewelers, Ltd.                          | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |      5500 | NS      | $455840.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd            | Viking Holdings, Ltd.                          | CUSIP: G93A5A101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     15700 | NS      | $1121137.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                                   | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     24500 | NS      | $1134595.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Birkenstock Holding Plc        | Birkenstock Holding PLC                        | CUSIP: M2029K104<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |      1500 | NS      | $61350.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                     | Ferrari NV                                     | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      5815 | NS      | $2148991.40   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd    | Royal Caribbean Cruises, Ltd.                  | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      9435 | NS      | $2631610.20   | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

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

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer