Profile: U.S. Global Investors Inc (GROW.O)

U.S. Global Investors, Inc. (U.S. Global) is an investment adviser. The Company and its subsidiaries are principally engaged in the business of providing investment advisory and other services to the United States Global Investors Funds (USGIF or the Funds), a Delaware statutory trust, as well as offshore clients. USGIF is an investment company offering shares of 13 mutual funds on a no-load basis. As part of the mutual fund management business, the Company provides investment advisory services; transfer agency and record keeping services; distribution services, and administrative services to mutual funds advised by the Company. The fees from investment advisory and transfer agent services, as well as investment income, are the primary sources of the Company's revenue. In addition to providing management and advisory services, the Company is actively engaged in trading for its own account. In April 2013, it acquired a 50% interest in Galileo Global Equity Advisors Inc.

Investment Advisory Services

The Company furnishes an investment program for each of the clients it manages and determines, subject to overall supervision by the applicable board of trustees of the clients, the clients' investments pursuant to an advisory agreement (the Advisory Agreement). In the Advisory Agreement, the Company is charged with seeking the terms in executing portfolio transactions and selecting brokers or dealers. In addition to providing advisory services to USGIF, the Company provides advisory services to three offshore clients.

Transfer Agent and Other Services

The Company's wholly owned subsidiary, United Shareholder Services, Inc. (USSI), is a transfer agent, providing transfer agency, printing, and mailing services to investment company clients. The transfer agency utilizes a third-party external system providing the Company's fund shareholder communication network with computer equipment and software designed to meet the operating requirements of a mutual fund transfer agency.

The transfer agency's duties consist of, but are not limited to, acting as servicing agent in connection with dividend and distribution functions; performing shareholder account and administrative agent functions in connection with the issuance, transfer and redemption, or repurchase of shares; maintaining such records as are necessary to document transactions in the Funds' shares; acting as servicing agent in connection with mailing of shareholder communications, including reports to shareholders, dividend and distribution notices, and proxy materials for shareholder meetings, and investigating and answering all shareholder account inquiries.

Distribution Services

The Company has registered its wholly owned subsidiary, U.S. Global Brokerage, Inc. (USGB), with the Financial Industry Regulatory Authority (FINRA), the SEC and appropriate state regulatory authorities as a limited-purpose broker-dealer for the purpose of distributing Fund shares. The distribution agreement with USGIF is subject to annual renewal and is terminable upon 60-day notice.

Administrative Services

The Company also manages, supervises and conducts certain other affairs of USGIF, subject to the control of the Funds' board of trustees pursuant to an administrative agreement (the Administrative Services Agreement). It provides office space, facilities and certain business equipment, as well as the services of executive and clerical personnel for administering the affairs of the Funds. The Administrative Services Agreement with USGIF is subject to renewal on an annual basis and is terminable upon 60-day notice.