# U.S. Global Investors, Inc.

> U.S. Global Investors, Inc. is an SEC-registered investment advisory firm in San Antonio, TX, registered since 1968, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.

- CRD: 111097
- Filed as: U.S. GLOBAL INVESTORS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Antonio, TX
- Filing period: October 2026
- Form ADV filing dated: September 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111097
- AdvisorCensus page: https://advisorcensus.com/firm/u-s-global-investors-inc-san-antonio-tx-111097

## Quick answers

**How is U.S. Global Investors, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), U.S. Global Investors, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is U.S. Global Investors, Inc. located?**
U.S. Global Investors, Inc.'s principal office is in San Antonio, TX, according to its Form ADV.

**Is U.S. Global Investors, Inc. registered with the SEC or a state?**
U.S. Global Investors, Inc. is an SEC-registered investment advisory firm, registered since 1968. Status as filed: Approved. CRD 111097.

**How much does U.S. Global Investors, Inc. manage?**
U.S. Global Investors, Inc. reports $1,671,990,540 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (100% discretionary).

**How have U.S. Global Investors, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for U.S. Global Investors, Inc.: Regulatory assets under management: $4,229,265,159 in the October 2021 data and $1,671,990,540 in the October 2026 data, down 60%. Total employees: 20 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does U.S. Global Investors, Inc. serve?**
By number of clients on Form ADV Item 5.D: investment companies (10); pooled investment vehicles (other than investment companies and business development companies) (1).

**Does U.S. Global Investors, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111097

**What changed in U.S. Global Investors, Inc.'s recent Form ADV filings?**
In the October 2026 filing data: Regulatory assets under management went from $1,323,872,389 to $1,671,990,540 (+26%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $1,671,990,540
- Discretionary: $1,671,990,540
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 10 | $1,650,195,263 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $21,795,277 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)

### Firm details
- Registered since: 1968 (58 years)
- Employees: 19 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- usfunds.com
- usglobaletfs.com
- usglobalindex.com
- yputube.com/c/usglobalinvestorssanantonio
- Facebook @USFunds
- Instagram @usglobal
- LinkedIn @u-s-global-investors
- Pinterest @usfunds
- TikTok @usfunds
- TikTok @usglobales
- X @USFunds
- X @USGlobalETFs
- YouTube @UCDkX1zvbWPyWc99esHOhwRQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,229,265,159 | 20 | September 21, 2021 |
| October 2022 | $4,229,265,159 | 20 | September 13, 2022 |
| October 2023 | $2,370,216,554 | 24 | September 30, 2023 |
| October 2024 | $1,562,478,832 | 24 | September 25, 2024 |
| October 2025 | $1,562,478,832 | 24 | September 25, 2024 |
| October 2026 | $1,671,990,540 | 19 | September 29, 2026 |

Regulatory assets under management: $4,229,265,159 in the October 2021 data and $1,671,990,540 in the October 2026 data, down 60%.
Total employees: 20 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Regulatory assets under management went from $1,323,872,389 to $1,671,990,540 (+26%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 6 to 7.
- Regulatory assets under management went from $1,562,478,832 to $1,323,872,389 (-15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. U.S. Global Investors, Inc. (CRD 111097): Form ADV filing data as of October 2026.