# EDGAR Filing Document

**Accession Number:** 0000101507
**File Stem:** 0001752724-23-048769
**Filing Date:** 2023-3
**Character Count:** 17940
**Document Hash:** 5c8c878929befa2e069a95d62fd1faf0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048769.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048769

**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:** 23690446

**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

### China Region Fund (Series ID: S000004785)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000012996 | China Region Fund | USCOX           |

## 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 CHINA REGION FUND

- **b. EDGAR series identifier (if any):** S000004785

- **c. LEI of Series:** 254900PN9E3SK3TA4B25

**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:** $6334077.72

**Total Liabilities:** $33740.16

**Net Assets:** $6300337.56

**Cash Not Reported:** $887586.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012996 | -7.53%               | 23.72%               | -4.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $40192.49                | $-483995.92                                |
| Month 2  | $-124972.94              | $1310310.90                                |
| Month 3  | $-87615.98               | $-222042.02                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fufeng Group Ltd               | Fufeng Group, Ltd.                           | CUSIP: N/A<br>LEI: 549300OQ91X6COVM4483       | Long             | EC               | CORP              | KY        |    117000 | NS      | $70961.84     | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOUGANG RES                   | Shougang Fushan Resources Group, Ltd.        | CUSIP: N/A<br>LEI: 529900OPUNJYLOX4OL37       | Long             | EC               | CORP              | HK        |    150000 | NS      | $47839.75     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Invesco China Technology ETF                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        75 | NC      | $45750.00     | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding, Ltd.                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |       630 | NS      | $55496.70     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP               | Aris Gold Corp.                              | CUSIP: 04041BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    239394 | PA      | $236401.58    | 3.75%             | 2027-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZTO Express Cayman Inc         | ZTO Express Cayman, Inc.                     | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | KY        |      5600 | NS      | $150472.00    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                        | Meituan                                      | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |      3724 | NS      | $82508.33     | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Wall Motor Co Ltd        | Great Wall Motor Co., Ltd.                   | CUSIP: N/A<br>LEI: 254900CR8AHWTMFZHH60       | Long             | EC               | CORP              | CN        |     96000 | NS      | $123669.23    | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| LK Technology Holdings Ltd     | LK Technology Holdings, Ltd.                 | CUSIP: N/A<br>LEI: 98450014EE068411A194       | Long             | EC               | CORP              | KY        |     30000 | NS      | $24492.17     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co., Ltd. | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       810 | NS      | $60336.90     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIS MINING CORP               | Aris Mining Corp.                            | CUSIP: N/A<br>LEI: 5493001GJ5TILX6L1F82       | N/A              | DE               | CORP              | CA        |     52000 | NC      | $10177.25     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                    | NetEase, Inc.                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        50 | NC      | $29250.00     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Niu Technologies               | Niu Technologies                             | CUSIP: 65481N100<br>LEI: 549300NJKNSC80EVQ065 | Long             | EC               | CORP              | KY        |      3200 | NS      | $16736.00     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| United Energy Group Ltd        | United Energy Group, Ltd.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |    350000 | NS      | $34486.94     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding, Ltd.                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        80 | NC      | $320.00       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| China Coal Energy Co Ltd       | China Coal Energy Co., Ltd.                  | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |    289000 | NS      | $234652.36    | 3.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd     | Aluminum Corp. of China, Ltd.                | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |    500000 | NS      | $211586.46    | 3.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Sterling Group Ventures Inc    | Sterling Group Ventures, Inc.                | CUSIP: 85932R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    500000 | NS      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Foosung Co Ltd                 | Foosung Co., Ltd.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1500 | NS      | $12753.82     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Direxion Daily FTSE China Bull 3X Shares     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        20 | NC      | $20.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co | SITC International Holdings Co., Ltd.        | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |     83500 | NS      | $185072.73    | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc          | ASPEED Technology, Inc.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1760 | NS      | $96076.24     | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings, Ltd.                       | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      9465 | NS      | $400937.40    | 6.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PRADA SpA                      | PRADA SpA                                    | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |     36000 | NS      | $202097.17    | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| LX INTERNATIONAL CORP          | LX INTERNATIONAL CORP.                       | CUSIP: N/A<br>LEI: 988400KZJVVPCZ6BC265       | Long             | EC               | CORP              | KR        |      1900 | NS      | $51185.96     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Chervon Holdings Ltd           | Chervon Holdings, Ltd.                       | CUSIP: N/A<br>LEI: 254900QZTJZRI14G4020       | Long             | EC               | CORP              | HK        |     13000 | NS      | $71371.73     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Daqo New Energy Corp           | Daqo New Energy Corp.                        | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | KY        |      3175 | NS      | $122586.75    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd  | ASE Technology Holding Co., Ltd.             | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |     57000 | NS      | $173187.63    | 2.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Biopharmaceutical Ltd     | Sino Biopharmaceutical, Ltd.                 | CUSIP: N/A<br>LEI: 529900LPR4ADFEJAR786       | Long             | EC               | CORP              | KY        |    500000 | NS      | $291160.28    | 4.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Basin Shipping Ltd     | Pacific Basin Shipping, Ltd.                 | CUSIP: N/A<br>LEI: 254900LNPK737X4Y3V26       | Long             | EC               | CORP              | BM        |    200000 | NS      | $67376.92     | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Unichip Corp            | Global Unichip Corp.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      5200 | NS      | $107523.17    | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp   | United Microelectronics Corp.                | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |    220000 | NS      | $289054.68    | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongyue Group Ltd              | Dongyue Group, Ltd.                          | CUSIP: N/A<br>LEI: 529900EJNEZTJBHCHW95       | Long             | EC               | CORP              | KY        |     60000 | NS      | $65715.09     | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Unimicron Technology Corp      | Unimicron Technology Corp.                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     53000 | NS      | $205755.82    | 3.27%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co., Ltd. | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |      7000 | NS      | $101664.24    | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd              | PetroChina Co., Ltd.                         | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    589000 | NS      | $269051.38    | 4.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Yankuang Energy Group Co Ltd   | Yankuang Energy Group Co., Ltd.              | CUSIP: N/A<br>LEI: 3003005N7A6HYZ4Z0K39       | Long             | EC               | CORP              | CN        |     69500 | NS      | $211394.34    | 3.36%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                    | NetEase, Inc.                                | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |      9800 | NS      | $142139.35    | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd | COSCO SHIPPING Holdings Co., Ltd.            | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |    311500 | NS      | $316652.60    | 5.03%             |  |  |  | No            |                  2 | On Loan: No      |
| OOIL                           | Orient Overseas International, Ltd.          | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | BM        |     14200 | NS      | $255932.90    | 4.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chang Hwa Commercial Bank Ltd  | Chang Hwa Commercial Bank, Ltd.              | CUSIP: N/A<br>LEI: 549300FHFNGCSKDTHT42       | Long             | EC               | CORP              | TW        |    350000 | NS      | $195013.65    | 3.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSoft Corp                    | NCSoft Corp.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       400 | NS      | $142889.53    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sands China Ltd                | Sands China, Ltd.                            | CUSIP: N/A<br>LEI: 549300EVO6UZDGY05787       | Long             | EC               | CORP              | KY        |      7000 | NS      | $22961.60     | 0.36%             |  |  |  | No            |                  1 | 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