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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

U.S. Government Securities Ultra-Short Bond Fund

UGSDX | Fund

$1.95

$31.3 M

3.16%

$0.06

1.35%

Vitals

YTD Return

1.4%

1 yr return

3.2%

3 Yr Avg Return

4.0%

5 Yr Avg Return

2.2%

Net Assets

$31.3 M

Holdings in Top 10

84.4%

52 WEEK LOW AND HIGH

$2.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 78.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

U.S. Government Securities Ultra-Short Bond Fund

UGSDX | Fund

$1.95

$31.3 M

3.16%

$0.06

1.35%

UGSDX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.32%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    U.S. Government Securities Ultra-Short Bond Fund
  • Fund Family Name
    US Global Investors Funds
  • Inception Date
    Sep 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Frank Holmes

Fund Description

p id="xdx_A86_eoef--StrategyNarrativeTextBlock_zrZdSPa5Atti" style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt"span id="xdx_90E_eoef--StrategyPortfolioConcentration_dU_c20260501__20260501__dei--LegalEntityAxis__custom--S000004787Member_z5MHUnY71Kqc"Under normal market conditions, the Government Securities Ultra-Short Bond Fund invests at least 80% of its net assets in United States Treasury debt securities and obligations of agencies and instrumentalities of the United States, including repurchase agreements collateralized with such securities. For purposes of the Fund’s 80% policy, the Fund may invest in U.S. Treasury securities and obligations of the agencies and instrumentalities of the U.S. directly, or indirectly via exchange-traded funds (“ETFs”) that represent interests in, or relate to, such investments./span/span/span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"span style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt"Although the value of the fund’s shares will fluctuate, the Adviser seeks to manage the magnitude of fluctuations by limiting the fund’s dollar-weighted average effective maturity to two years or less./span/span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt" /span/span/p p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"spanspan style="font-family: Times New Roman, Times, Serif; font-size: 11pt"In selecting investments, the Adviser’s analysis encompasses an interest rate forecast that considers such factors as economic growth, inflation expectations and expected monetary policy actions. After establishing an interest rate outlook, the Adviser applies a process of selecting bonds for the fund’s portfolio, which analyzes yields, maturities and bond ratings of particular bonds./span/span/p
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UGSDX - Performance

Return Ranking - Trailing

Period UGSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% 0.4% 2.2% 47.69%
1 Yr 3.2% 2.9% 9.2% 98.46%
3 Yr 4.0%* 3.7% 9.1% 97.95%
5 Yr 2.2%* 1.6% 5.3% 96.22%
10 Yr 1.6%* -3.5% 28.6% 94.96%

* Annualized

Return Ranking - Calendar

Period UGSDX Return Category Return Low Category Return High Rank in Category (%)
2025 0.0% -0.8% 2.1% 88.72%
2024 0.0% -2.2% 2.2% 95.38%
2023 0.5% -2.3% 4.3% 82.56%
2022 -2.5% -6.5% 0.5% 64.36%
2021 -0.5% -2.0% 0.3% 59.89%

Total Return Ranking - Trailing

Period UGSDX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% 0.4% 2.2% 47.69%
1 Yr 3.2% 2.9% 9.2% 98.46%
3 Yr 4.0%* 3.7% 9.1% 97.95%
5 Yr 2.2%* 1.6% 5.3% 96.22%
10 Yr 1.6%* -3.5% 28.6% 94.96%

* Annualized

Total Return Ranking - Calendar

Period UGSDX Return Category Return Low Category Return High Rank in Category (%)
2025 4.3% 3.5% 8.7% 93.33%
2024 4.5% 3.8% 9.0% 96.92%
2023 4.5% 3.1% 12.1% 95.38%
2022 -1.6% -5.1% 2.5% 87.77%
2021 -0.4% -1.4% 14.5% 94.51%

NAV & Total Return History

UGSDX - Holdings

Concentration Analysis

UGSDX Category Low Category High UGSDX % Rank
Net Assets 31.3 M 28 K 85.2 B 98.97%
Number of Holdings 14 2 1429 96.92%
Net Assets in Top 10 26.3 M 27.4 K 58.1 B 89.23%
Weighting of Top 10 84.40% 4.9% 156.3% 4.62%

Top 10 Holdings

  1. U.S. Treasury Bill 15.95%
  2. U.S. Treasury Bill 12.73%
  3. Federal Home Loan Mortgage Corp. 11.17%
  4. U.S. Treasury Bill 9.52%
  5. U.S. Treasury Bill 7.99%
  6. Federal Home Loan Mortgage Corp. 6.37%
  7. U.S. Treasury Bill 6.34%
  8. Federal Home Loan Bank 4.81%
  9. U.S. Treasury Bill 4.77%
  10. Federal Home Loan Bank 4.74%

Asset Allocation

Weighting Return Low Return High UGSDX % Rank
Bonds 		97.13% 0.00% 128.31% 17.95%
Cash 		2.87% 0.00% 108.66% 68.21%
Stocks 		0.00% 0.00% 94.39% 83.59%
Preferred Stocks 		0.00% 0.00% 0.00% 78.97%
Other 		0.00% -52.16% 99.98% 87.69%
Convertible Bonds 		0.00% 0.00% 15.25% 96.91%

Bond Sector Breakdown

Weighting Return Low Return High UGSDX % Rank
Government 		99.99% 0.00% 100.00% 1.03%
Derivative 		0.00% -47.17% 12.66% 65.13%
Cash & Equivalents 		0.00% 0.00% 108.66% 97.95%
Securitized 		0.00% 0.00% 100.00% 94.33%
Corporate 		0.00% 0.00% 99.91% 96.91%
Municipal 		0.00% 0.00% 61.92% 93.30%

Bond Geographic Breakdown

Weighting Return Low Return High UGSDX % Rank
US 		97.13% 0.00% 128.31% 17.95%
Non US 		0.00% 0.00% 13.18% 81.54%

UGSDX - Expenses

Operational Fees

UGSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.08% 5.13% 4.17%
Management Fee 0.50% 0.00% 1.19% 96.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% 2.94%

Sales Fees

UGSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 3.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

UGSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

UGSDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 78.00% 0.00% 336.00% 64.60%

UGSDX - Distributions

Dividend Yield Analysis

UGSDX Category Low Category High UGSDX % Rank
Dividend Yield 3.16% 0.98% 8.76% 81.03%

Dividend Distribution Analysis

UGSDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

UGSDX Category Low Category High UGSDX % Rank
Net Income Ratio -0.32% -0.91% 14.86% 98.40%

Capital Gain Distribution Analysis

UGSDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

UGSDX - Fund Manager Analysis

Managers

Frank Holmes

Start Date

Tenure

Tenure Rank

Dec 02, 2013

8.5

8.5%

Mr. Holmes is Chief Executive Officer since 1989 and Chief Investment Officer since 1999 at U.S. Global Investors, Inc. Mr. Holmes had investment banking experience in the international capital markets and the gold mining industry. He was formerly President and Chairman of the Toronto Society of the Investment Dealers Association and a member of the Toronto Stock Exchange's Listing Committee as well as a member seat holder of the stock exchanges in Toronto, Montreal, Vancouver and Alberta.

Ralph Aldis

Start Date

Tenure

Tenure Rank

Apr 22, 2015

7.11

7.1%

Ralph P. Aldis, CFA, is a Portfolio Manager for U.S. Global Investors, Inc. Aldis has served as senior research analyst of the U.S. Global Investors, Inc. since 2001. Previously he was with United Services Advisors as director of research and analysis since April 1989. Before that, he spent three years in the research department at Neil A. Eisner and Company, and he also worked as a research assistant at Southwest Energy Associates during the summer of 1986. He is a member of the Society of Economic Geologists and the San Antonio Society of Financial Analysts.

Joanna Sawicka

Start Date

Tenure

Tenure Rank

May 01, 2020

2.08

2.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.52 7.92

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