U.S. Global investors

U.S. Global Investors, Inc. is an innovative investment manager with vast experience in global markets and specialized sectors.

Net Asset Value as
of 11/30/2021:

Our Mission

At U.S. Global Investors, our mission is to make people feel financially happy and secure that their wealth is consistently growing. We aim to provide a wide array of investment options in the mutual fund and exchange traded fund (ETF) space, with opportunities to fund your financial goals affordably through our ABC Investment Plan.

Management Team

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Frank E. Holmes

CEO and Chief Investment Officer

Frank Holmes is the CEO and chief investment officer of U.S. Global Investors (NASDAQ: GROW). Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm’s chief investment officer in 1999. He is the co-author of The Goldwatcher: Demystifying Gold Investing. Over 100,000 subscribers follow his weekly commentary in the award-winning Investor Alert newsletter, across social channels and in his Frank Talk blog, which is read in over 180 countries.

 

Under his guidance, the company’s mutual funds have received recognition from Lipper and Morningstar over the years. In 2015, Mr. Holmes led the company into the exchange-traded fund (ETF) business with the launch of the U.S. Global Jets ETF (NYSE: JETS), which invests in the global airline sector. In 2017, the firm launched its second ETF, the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU), focusing on gold royalty companies.

 

In 2017, U.S. Global Investors made a strategic investment in HIVE Blockchain Technologies (TSX.V: HIVE, NASDAQ: HIVE). Mr. Holmes serves as Executive Chairman of HIVE, which is the first cryptocurrency mining company to go public, mining both Bitcoin and Ethereum.

 

Mr. Holmes is a much-sought-after keynote speaker at national and international investment conferences. He is a regular commentator on popular financial networks and has been profiled by Fortune as well as The Financial Times. 

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Lisa Callicotte

Chief Financial Officer

Lisa Callicotte joined U.S. Global Investors in 2009 as controller and was promoted to chief financial officer in July 2013. Ms. Callicotte is responsible for oversight of all financial statements and related disclosures for internal use and external filings with the appropriate regulatory bodies. In addition, she is responsible for monitoring pertinent GAAP, SEC and FINRA rules for relevant accounting and regulatory matters.

 

Ms. Callicotte previously worked for Ernst & Young LLP for 12 years, leaving as a senior manager. She graduated from Texas A&M University with a Bachelor of Business Administration and a Master of Science in Accounting. She has been a Certified Public Accountant since 1999.

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Ralph P. Aldis, CFA

Portfolio Manager

Ralph Aldis rejoined U.S. Global Investors as senior mining analyst in November 2001. He is responsible for analyzing gold and precious metals stocks in his role as portfolio manager. In 2011, 2015 and again in 2018, Mr. Aldis was named a U.S. Metals and Mining “TopGun” by Brendan Wood International. In 2016 he and Frank Holmes were named Best Americas Based Fund Manager by the Mining Journal.

Previously, Mr. Aldis worked for Eisner Securities, where he was an investment analyst for its high net worth group and oversaw its mutual fund operations. Before joining Eisner Securities, Mr. Aldis worked for 10 years as director of research for U.S. Global Investors, where he applied quantitative skills towards stocks, portfolio tilting, cash optimization and performance attribution analysis.

Mr. Aldis received a master’s degree in energy and mineral resources from the University of Texas at Austin in 1988 and a Bachelor of Science in geology, from Stephen F. Austin University in 1981, graduating cum laude. Mr. Aldis is a member of the CFA Society of San Antonio.

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Joanna Sawicka

Portfolio Manager

Joanna Sawicka joined U.S. Global Investors in 2007 as an investment reporting administrator and in 2015 was promoted to research analyst. In 2020 she was promoted to portfolio manager. Ms. Sawicka is responsible for managing the Emerging Europe Fund, the China Region Fund, and the Global Luxury Goods Fund.

Prior to joining U.S. Global Investors, she worked for Soros Fund Management in New York and JP Morgan in San Antonio. Ms. Sawicka holds a bachelor’s degree in finance with a specialization in investments from Baruch College, City University of New York.

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Michael Matousek

Head Trader

Michael Matousek joined U.S. Global Investors in January 2008 and was soon promoted to head trader. With close to 25 years’ worth of industry experience, Mr. Matousek is responsible for overseeing the management of the firm’s ETFs, researching, developing and implementing quantitative investment strategies for the U.S. Global Investors’ mutual funds and ETF accounts. Additionally, he manages the trading desk, facilitates domestic and international equity trading, negotiates fixed income trades and derivative transactions.

 

Before joining U.S. Global Investors, Mr. Matousek functioned as a proprietary trader, was the director of institutional sales and trading for a broker-dealer and established a proprietary trading group.

 

Mr. Matousek has been a Chartered Market Technician (CMT) for over 18 years and holds the Series 7, 24 and 63 licenses. He received his Bachelor of Science degree in law enforcement and a minor in accounting.

 

For more information on Mr. Matousek’s broker registration profile, click here

Our History

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Beginnings

Initially formed as an investment club, the company becomes a registered investment advisor with the SEC.

First No-Load Precious Metals Fund.

The Gold Shares Fund later renamed the Gold and Precious Metals Fund (USERX) launches, the nation’s first no-load precious metals fund.

Additional Offerings

Five offerings are added to the fund family, including what are now the World Precious Minerals Fund (UNWPX) and the Global Resources Fund (PSPFX).

Going Public

The company, originally named United Services Advisors, opens to the public with the vote of company shareholders.

Frank Holmes Becomes CEO

Frank Holmes purchases a controlling interest in the company and becomes CEO.

China Region Fund (USCOX)

The company opens the first no-load fund dedicated to investing in the China region called the China Region Fund (USCOX).

U.S. Global Investors

The company gets a brand makeover and is renamed to U.S. Global Investors to reflect its expansion into global financial markets.

Emerging Europe Fund (EUROX)

The Emerging Europe Fund (EUROX) opens following the collapse of the Soviet Union.

Frank Holmes as CIO

Frank Holmes, CEO, takes on the additional role of chief investment officer (CIO).

#1 spot on Investors Business Daily 100

The company stock (Nasdaq: GROW) rises to the #1 spot on Investors Business Daily 100. Additionally, Mining Journal magazine names Frank Holmes its “Mining Manager of the Year.”

Taking the lead in Charity

U.S. Global Investors takes leadership roles in two leading global charitable organizations: The Clinton Giustra Enterprise Partnership and the International Crisis Group.

Bond

U.S. Government Securities Ultra-Short Bond Fund (UGSDX)

The U.S. Government Securities Savings Fund is converted into the U.S. Government Securities Ultra-Short Bond Fund (UGSDX).

U.S. Global Jets ETF (JETS)

U.S. Global Investors enters the ETF space with the launch of the U.S. Global Jets ETF (JETS), providing investors access to the global airline industry.

U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU)

The company launches its second ETF, the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), providing investors access to companies in the precious metal royalty business.

HIVE Blockchain Technologies.

U.S. Global Investors makes a strategic investment in Toronto-based HIVE Blockchain Technologies.

Frank Holmes becomes Executive Chairman

Frank Holmes becomes Executive Chairman of HIVE Blockchain Technologies.

Global Luxury Goods Fund (USLUX)

The Holmes Macro Trends Fund (MEGAX) changed its name and investment strategy to the Global Luxury Goods Fund (USLUX), providing investors access to the global luxury industry. The All-American Equity Fund (GBTFX) merged with the Global Luxury Goods Fund (USLUX), with shareholders approving the merger.

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Our Investment Process

We use a matrix of top-down macro models and bottom-up micro stock selection models to determine weighting in countries, sectors and individual securities.

We believe government policies are a precursor to change, and as a result, we monitor and track the fiscal and monetary policies of the world’s largest countries both in terms of economic stature and population.

We focus on historical and socioeconomic cycles, and we apply both statistical and fundamental models, including “growth at a reasonable price” (GARP), to identify companies with superior growth and value metrics.

We overlay these explicit knowledge models with the tacit knowledge obtained by domestic and global travel for first-hand observation of local and geopolitical conditions, as well as specific companies and projects.

We use a matrix of statistical models to monitor market volatility and money flows, and as a result, we may at times maintain higher than normal cash levels.

U.S. Global Investors, Inc. Policies

U.S. Global Investors
Code of Business Conduct

U.S. Global Investors Code of Ethics for Chief Executive Officer and Principal Financial Officer

U.S. Global Investors Corporate Governance Guidelines

U.S. Global Investors Audit Committee Charter

U.S. Global Investors Compensation Committee Charter

U.S. Global Investors Funds Policies

Form N-PX Filing (SEC website)

2021 Glass Lewis Proxy
Voting Guidelines