The U.S. Global Story
Early Beginnings
U.S. Global Investors was originally started as an investment club in the early 1960s. The company received its charter from the state of Texas in January of 1968 and became a registered investment adviser with the Securities and Exchange Commission in February 1969 under the name Military Services Investments Advisors, Inc. The name was soon changed to Growth and Research Management, Inc.
The First No-Load Precious Metals Fund
In July of 1974 the company launched the Gold Shares Fund (USERX), the nation’s first no-load precious metals fund.
Early 1980s
The company added five offerings to the fund family, including what is now the World Precious Minerals Fund (UNWPX) and the Global Resources Fund (PSPFX).
Public Offering
In early 1984, company stakeholders voted to take the company public and the name was changed to United Services Advisors.
Frank Holmes Buys Controlling Stake
In October 1989, Frank Holmes purchased a controlling interest in the company, becoming the firm’s chief executive officer.
Opening the Door to the China Region
In October 1994, the company opened the first no-load fund dedicated to investing in the China Region. The China Region Fund (USCOX) remains one of the company’s core funds.
Name Changed to U.S. Global Investors, Inc.
In June 1996, the company was renamed U.S. Global Investors, Inc. to reflect its expanded activity in global financial markets.
Eastern European Reconstruction
In the spring of 1997, U.S. Global Investors opened the Eastern European Fund (EUROX) which concentrated on the growth of the region following the collapse of the Soviet Union.
New Leadership Role for Frank Holmes
Frank Holmes, the company’s CEO and majority shareholder, becomes the firm’s chief investment officer in 2001.
Expanding Further into Emerging Markets
In February 2005, the company identified the growing influence of the BRIC countries (Brazil, Russia, India and China) and the rest of the developing world. This led U.S. Global Investors to open the Global Emerging Markets Fund (GEMFX).
GROW Rises to Top of IBD 100
In September 2006, GROW stock rose to the #1 spot on Investors Business Daily 100.
Frank Holmes Wins Mining Fund Manager of the Year Award
In December 2006, Mining Journal magazine named Frank Holmes its “Mining Fund Manager of the Year” based on the preceding 12-month performance for the funds Mr. Holmes managed.
Active Year for GROW
In early 2007, U.S. Global Investors’ shareholders approved a 2-for-1 stock split that took effect March 29 of that year. In July, GROW was added to the Russell 2000 Index, an index focused on small-cap companies with long-term growth prospects.
Taking an Active Role in the Global Community
In the summer of 2007, U.S. Global Investors took leadership roles in two leading global charitable organizations: The Clinton Giustra Sustainable Growth Initiative and the International Crisis Group.
Global Infrastructure Identified as a Global Megatrend
In October 2007, U.S. Global Investors refocused the Global MegaTrends Fund (MEGAX) on global infrastructure investment.
Net Asset Value
as of 09/02/2010
- Global Resources Fund
PSPFX $8.72 +0.08 - Gold and Precious Metals Fund
USERX $17.25 +0.18 - World Precious Minerals Fund
UNWPX $19.21 +0.13 - China Region Fund
USCOX $8.50 No Change - Eastern European Fund
EUROX $9.05 +0.03 - Global Emerging Markets Fund
GEMFX $8.15 +0.01 - Global MegaTrends Fund
MEGAX $7.67 +0.03 - All American Equity Fund
GBTFX $19.86 +0.15 - Holmes Growth Fund
ACBGX $15.79 +0.19 - Tax Free Fund
USUTX $12.61 No Change - Near-Term Tax Free Fund
NEARX $2.27 No Change - U.S. Government Securities Savings Fund
UGSXX $1.00 No Change - U.S. Treasury Securities Cash Fund
USTXX $1.00 No Change