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Part I of Annual Report on Form 10-K

Part I of Annual Report on Form 10-K 2026

Part I of Annual Report on Form 10-K Preview on Page 1

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The 2004 Annual Report for U.S. Global Investors, Inc. highlights a successful fiscal year with a 25.5% increase in total average assets under management, reaching $1.34 billion, and the company emerging debt-free after paying off its mortgage. The report details strong performance in gold, natural resource, and foreign equity funds, contributing to significant net inflows and market appreciation. It also discusses the company's revenue sources, including investment advisory fees and transfer agent fees, which saw substantial growth due to favorable market conditions. Additionally, the report addresses regulatory challenges facing the mutual fund industry and outlines the company's commitment to adapting to these changes while maintaining effective governance and compliance practices.

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What is the annual report on the Form 10-K?

The annual report on Form 10-K provides a comprehensive overview of the companys business and financial condition and includes audited financial statements.

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