Client concentration
The company depends materially on a small set of advisory and administrative relationships.
- Scope
- USGIF and ETF client contracts
- Materiality
- high
U.S. Global Investors, Inc
U.S. Global Investors is a Texas-based registered investment adviser founded in 1968 and headquartered in San Antonio. It manages investment products and services for mutual funds and ETF clients, and it also invests a portion of its own capital through a corporate investments segment.
−34,6 %
−4,0 %
−23,1 %
20.87
20.87
| % | |
|---|---|
| Investment Management Services | 80% Advisory and administrative services provided to mutual funds and ETF clients. |
| Corporate Investments | 20% Investment income and gains from the company's own portfolio of securities and other investments. |
The company serves mutual fund shareholders indirectly through the funds it advises, and it also serves ETF clients...
- USGIF mutual fund investorsprimary
Buy shares in U.S. Global Investors Funds for access to the firm's managed strategies and fund administration.
- ETF clientsprimary
Use the company for advisory services and portfolio management tied to ETF products.
- Individual investorssecondary
Invest through the firm's mutual funds for specialized sector and thematic exposure.
- Institutional investorssecondary
Allocate capital to the firm's strategies when they want niche exposures such as natural resources or airlines.
U.S. Global Investors is headquartered in San Antonio, Texas, and its principal operations are in the United States...
- •Headquartered in San Antonio, Texas
- •Principal operations are in the United States
- •Client relationships are primarily U.S.-based
- •Managed portfolios can include global and emerging-market exposures
- •Investment themes create indirect exposure to non-U.S. markets
The company focuses on maintaining and renewing its advisory and administrative relationships with fund and ETF...
01
Retain and renew client contractsshort-term
Revenue depends heavily on advisory and administrative agreements with USGIF and ETF clients.
02
Leverage thematic investment expertisemedium-term
Specialization in gold, natural resources, and airlines helps the firm compete against larger managers.
03
Preserve capital through corporate investmentsmedium-term
The company holds a meaningful portion of assets in its own investment portfolio.
The business is exposed to intense competition, client concentration, and market-driven swings in assets under...
AUM and market volatility
Fee revenue moves with asset values and investor inflows/outflows.
- Scope
- Mutual funds and ETFs
- Materiality
- high
Regulatory and litigation exposure
As a registered investment adviser, the company is subject to SEC and securities-law claims.
- Scope
- Advisory, administrative, and disclosure practices
- Materiality
- high
Sector and geographic market risk
Thematic funds tied to natural resources, emerging markets, and airlines are cyclical and volatile.
- Scope
- Gold mining, natural resources, airlines, emerging markets
- Materiality
- medium
Corporate investment valuation risk
The company holds a significant amount of assets in investments that can decline in value.
- Scope
- Own-account investment portfolio
- Materiality
- medium
Fair value of financial instruments
Can materially change reported investment income and asset values
Allowance for credit losses
Affects investment carrying values and earnings
Share-based compensation
Affects operating expenses and reported profitability
Income taxes
Can cause volatility in effective tax rate
: 29/04/2026