U.S Global manages mutual funds and services the mutual fund industry. Global Investors Funds and U.S. Global Accolade Funds, manages 13 no-load mutual funds with various investment objectives. Services to the mutual fund industry include investment advisory, transfer agency, office space, facilities, business equipment, and executive, clerical, and accounting personnel for administering the funds' affairs the investment adviser to U.S.
The company has several subsidiaries including United Shareholder Services, Inc., the transfer agent for mutual fund shareholders; U.S. Global Brokerage, Inc., the funds distributor; and A&B Mailers, which provides mailing services.
U.S. Global Investors provides mutual-fund management services and investment consulting.
Why Buy
Accelerating Sales and Earnings. Assets under fund management have grown from about $1 Billion in 2002 to $4.5 Billion in 2006. The revenue growth is due mainly to fee increases associated with the rise in assets under management at the firm. In 2006, the U.S. Global's average mutual fund assets grew 94 percent.
"Performance drives new accounts and new assets, and this is where we generate our revenue and earnings," says Frank Holmes, CEO and chief investment officer of U.S. Global. "The bottom line is performance. At the end of the fiscal year, 86 percent of our mutual fund assets were in funds that carried a 4-star or 5-star rating from Morningstar."
| Year | Qtr | Sales | EPS |
| 2006 | Q4 | 19.00 | .74 |
| 2006 | Q3 | 11.56 | .34 |
| 2006 | Q2 | 7.76 | .16 |
| 2006 | Q1 | 6.58 | .14 |
| 2005 | Q4 | 5.03 | .05 |
| 2005 | Q3 | 4.88 | .06 |
| 2005 | Q2 | 4.11 | .05 |
| 2005 | Q1 | 2.96 | .03 |
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