U.S. Global Investors Searching for Opportunities, Managing Risk Frank E. Holmes CEO and CIO Susan McGee President and General Counsel Catherine Rademacher CFO Susan Filyk Investor Relations www.usfunds.com February 7, 2013 1.800.US.FUNDS 12-773
Today’s Presenters Frank Holmes Susan McGee Catherine Rademacher Susan Filyk www.usfunds.com � 2 February 2013 12-773
Forward-Looking Statements During this webcast we may make forward-looking statements about our relative business outlook. Any forward-looking statements and all other statements made during this webcast that don’t pertain to historical facts are subject to risks and uncertainties that may materially affect actual results. Please refer to our press release and the corresponding Form 10-Q filing for more detail on factors that could cause actual results to differ materially from any described today in forward-looking statements. Any such statements are made as of today, and U.S. Global Investors accepts no obligation to update them in the future. � www.usfunds.com � 3 February 2013 12-773
About U.S. Global Investors (GROW) A boutique publicly listed investment adviser specializing in gold, natural resources and emerging markets opportunities around the world. www.usfunds.com � 4 February 2013 12-773
GROW Strengths � “Go-to” stock for exposure to emerging markets and resources � Debt-free, strong balance sheet with a reflexive cost structure � Monthly dividend and return on equity discipline www.usfunds.com 5 February 2013 12-773
Industry Fund Flow Comparison www.usfunds.com � 6 February 2013 12-773
Top Institutional Holders of GROW 1. Royce and Associates 14% 2. Financial and Investment 10% Management Group 3. Perritt Capital Management 4% 4. Fidelity Management 4% & Research Co. 5. SunAmerica Asset Management 4% Source: NASDAQ Percentage of shares outstanding as of 12/31/2012 www.usfunds.com � 7 February 2013 12-773
Company Snapshot � NASDAQ: GROW � Market Cap: $62.1 million � Price on 12/31/12: $4.01 � 52-wk Range: $4.01 - $7.79 10-Year 14.59% Annualized www.usfunds.com 8 February 2013 12-773
GROW Performance — Past 3 Months Rationale to Buy Stock Past performance does not guarantee future results. www.usfunds.com � 9 February 2013 12-773
GROW Dividends — Paid Monthly *At share price of $4.00 as of 12/31/2012 Dividends through 1/29/13 www.usfunds.com � 10 February 2013 12-773
Buy Back Stock � The board approved a repurchase of up to $2.75 million of its outstanding common stock on the open market through calendar year 2013 � May be suspended or discontinued at any time � Algorithm is used to buy back shares on down days, in accordance with all applicable rules and regulations www.usfunds.com � 11 February 2013 12-773
Strategic Partnership with Galileo GROW has agreed to invest in Galileo Global Equity Advisors by purchasing 50% of issued and outstanding shares * � Toronto-based company � Accretive to GROW � 5-Star fund � 2013 Lipper fund award for best small/mid cap over 5 years *Expected to close by 3/31/13 The Galileo Mutual Funds are not offered for sale in the United States. They are represented across Canada by independent financial advisors. www.usfunds.com � 12 February 2013 12-773
Managing Expectations — Yearly Volatility The Math Standard Deviation (as of 12/31/12) based on 10-Year Data Rolling 1 Year U.S. Global Investors (GROW) 114.9% NYSE Arca Gold 35.3% BUGS Index (HUI) WTI Crude Oil 35.2% MSCI Emerging Markets (MXEF) 31.2% S&P 500 Index (SPX) 18.2% Gold Bullion 14.0% 12-month rolling volatility of price action over 10 year period View the presentation “Anticipate Before You Participate” at www.usfunds.com/investor-resources/publications/research www.usfunds.com � 13 February 2013 12-773
Card Counting Allowed Managing Expectations — Anticipate Before You Participate Measuring Monthly Volatility Number of Number of Frequency of +10% Moves -10% Moves ±10% Moves U.S. Global Investors (GROW) 752 593 52% NYSE Arca Gold BUGS Index (HUI) 490 296 30% WTI Crude Oil 434 302 29% MSCI Emerging Markets (MXEF) 139 169 11% Gold Bullion 130 60 7% S&P 500 Index (SPX) 33 72 4% Calculated over rolling 20-trading day periods. Based on approximately 2,550 total occurrences over the past 10 years as of 12/31/2012. www.usfunds.com � 14 February 2013 12-773
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“Follow the Money” — Equities and Gold Have Outperformed Bonds www.usfunds.com � 16 February 2013 12-773
Redemptions by Investors from Equity Funds to Bond Funds Appear Excessive and They Have Missed a Spectacular Stock Market Rebound www.usfunds.com � 17 February 2013 12-773
Long Term Bonds Seem Expensive, Overvalued and More Risky than Equities www.usfunds.com � 18 February 2013 12-773
Quarterly Average Assets Under Management www.usfunds.com � 19 February 2013 12-773
Key Expenses Declined Greater Than Revenue www.usfunds.com � 20 February 2013 12-773
Asset Breakdown Data for SEC-registered funds as of December 31, 2012. www.usfunds.com � 21 February 2013 12-773
Earnings Per Share (Quarterly) www.usfunds.com � 22 February 2013 12-773
Pre-Tax Profit Margin (Quarterly) www.usfunds.com � 23 February 2013 12-773
Balance Sheet Strength – No Debt www.usfunds.com � 24 February 2013 12-773
GROW Peer Comparison Growth Value Income 3 Year Average 3 Year Average Dividend EPS Growth Return on Equity Yield GROW -51.9% 10.3% 1.5% -3.6% 16.3% 2.6% Peers* Dividend yields calculated as of 1/30/2013. Earnings per share and return on equity based on the quarter ended 12/31/2012. * Median calculations based from quarterly results ended 12/31/2012 by Affiliated Managers Group Inc., AllianceBernstein Holding L.P., Artio Global Investors, Blackrock Inc., Calamos Asset Management Inc., Cohen & Steers Inc, Eaton Vance Corp., Epoch Holding Corp., Federated Investors Inc., Franklin Resources Inc., GAMCO Investors Inc., INVESCO Ltd., Janus Capital Group Inc., Legg Mason Inc., Pzena Investment Management Inc., T. Rowe Price Group Inc., Virtus Investment Partners Inc., Waddell & Reed Financial Inc. and Westwood Holdings Group Inc. Source: FactSet www.usfunds.com � 25 February 2013 12-773
Income Statement – Financial Analysis Catherine Rademacher CFO www.usfunds.com � 26 February 2013 12-773
Income Statement (unaudited) www.usfunds.com � 27 February 2013 12-773
Income Statement (unaudited) www.usfunds.com � 28 February 2013 12-773
Income Statement (unaudited) www.usfunds.com � 29 February 2013 12-773
Balance Sheets (unaudited) www.usfunds.com � 30 February 2013 12-773
Balance Sheets (unaudited) www.usfunds.com � 31 February 2013 12-773
Significant Events Susan McGee President and General Counsel www.usfunds.com � 32 February 2013 12-773
“Performance and Results Oriented” Investment leadership results in performance Winner of 29 Lipper performance awards, certificates and top rankings since 2000 (Four out of 13 U.S. Global Investors Funds received Lipper performance awards from 2005 to 2008, six out of 13 received certificates from 2000 to 2007, and two out of 13 received top rankings from 2009 to 2010.) www.usfunds.com 33 � February 2013 12-773
Fund Recognition: 4 Funds in the Top 4 Percent for 10-Year Period www.usfunds.com 34 February 2013 12-773
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Focus on Education 43 MFEA STAR Awards for Excellence in Education www.usfunds.com � 36 February 2013 12-773
Branding – Education � Investor Alert and Advisor Alert are key communication tools. � Our original, award-winning educational content is in high demand from investors via email, website, social media platforms, apps. www.usfunds.com � 37 February 2013 12-773
Branding – Education � � Frank Talk blog subscriptions continue to grow. � Syndication of commentaries and blog posts continued to expand reach. � 2013 Outlook Presentation Gets 112,442 hits on Business Insider . � Wall Street Journal selects Frank Holmes as contributor for The Experts. www.usfunds.com � 38 February 2013 12-773
Branding and Marketing of GROW � 8 TV/Radio/Podcasts � 26 Frank Talk blog entries � 22 Total Interviews � 122 Newsletter recommendations � 623 Web mentions Data from 9/30/2012 – 12/31/2012 www.usfunds.com 39 February 2013 12-773
See the full webcast at usfunds.com January 9, 2013 www.usfunds.com � 40 February 2013 12-773
Not Just the Fed: There’s Been a Global Easing Cycle www.usfunds.com � 41 February 2013 12-773
“Follow the Money” — Unprecedented Cash Injections from Central Banks www.usfunds.com � 42 February 2013 12-773
Price Reversal — Chinese Stocks Undervalued “Chinese Stocks Looking Like a Bargain” October 22, 2012 www.usfunds.com � 43 February 2013 12-773
Money Supply Reversal www.usfunds.com � 44 February 2013 12-773
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