U.S. Global Investors (GROW) 10-Q 7 Nov 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2013	Oct. 21, 2013	Oct. 21, 2013	Oct. 21, 2013
		Common Class A [Member]	Common Class B [Member]	Common Class C [Member]
Document Information [Line Items]	'	'	'	'
Document Type	'10-Q	'	'	'
Amendment Flag	'false	'	'	'
Document Period End Date	30-Sep-13	'	'	'
Document Fiscal Year Focus	'2014	'	'	'
Document Fiscal Period Focus	'Q1	'	'	'
Trading Symbol	'GROW	'	'	'
Entity Registrant Name	'U S GLOBAL INVESTORS INC	'	'	'
Entity Central Index Key	'0000754811	'	'	'
Current Fiscal Year End Date	'--06-30	'	'	'
Entity Filer Category	'Accelerated Filer	'	'	'
Entity Common Stock, Shares Outstanding	'	13,399,699	0	2,069,791

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Jun. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$18,822,531	$18,085,226
Trading securities, at fair value	4,866,924	4,758,220
Receivables	'	'
Mutual funds	886,658	964,461
Offshore clients	14,700	21,000
Income tax	482,281	140,792
Employees	'	5,500
Other	30,402	16,140
Prepaid expenses	393,405	604,701
Deferred tax asset	177,921	195,871
Total Current Assets	25,674,822	24,791,911
Net Property and Equipment	3,022,117	3,084,860
Other Assets	'	'
Deferred tax asset, long term	490,431	677,539
Investment securities available-for-sale, at fair value	8,223,809	9,053,111
Investment in Galileo	647,340	654,528
Total assets held related to discontinued operations	278,449	420,853
Total Other Assets	9,640,029	10,806,031
Total Assets	38,336,968	38,682,802
Current Liabilities	'	'
Accounts payable	145,157	71,289
Accrued compensation and related costs	703,733	686,562
Dividends payable	232,324	232,402
Other accrued expenses	799,777	770,024
Total liabilities held related to discontinued operations	64,648	73,284
Total Current Liabilities	1,945,639	1,833,561
Commitments and Contingencies	'	'
Shareholders' Equity	'	'
Additional paid-in-capital	15,662,317	15,654,397
Treasury stock, class A shares at cost; 460,928 and 463,958 shares at September 30, 2013, and June 30, 2013, respectively	-1,126,302	-1,128,704
Accumulated other comprehensive income, net of tax	453,404	652,218
Retained earnings	21,003,521	21,272,941
Total Shareholders' Equity	36,391,329	36,849,241
Total Liabilities and Shareholders' Equity	38,336,968	38,682,802
Common Class A [Member]	'	'
Shareholders' Equity	'	'
Common stock, value	346,644	346,626
Common Class B [Member]	'	'
Shareholders' Equity	'	'
Common stock, value	'	'
Common Class C [Member]	'	'
Shareholders' Equity	'	'
Common stock, value	$51,745	$51,763

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Jun. 30, 2013
Common Class A [Member]	'	'
Common stock, par value	$0.03	$0.03
Common stock, shares authorized	28,000,000	28,000,000
Common stock, shares issued	13,865,757	13,865,021
Treasury stock	460,928	463,958
Common Class B [Member]	'	'
Common stock, par value	$0.03	$0.03
Common stock, shares authorized	4,500,000	4,500,000
Common stock, shares issued	0	0
Common Class C [Member]	'	'
Common stock, par value	$0.03	$0.03
Common stock, shares authorized	3,500,000	3,500,000
Common stock, shares issued	2,069,791	2,070,527

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating Revenues	'	'
Distribution fees	$530,921	$771,562
Shareholder service fees	260,658	379,331
Administrative services fees	171,344	254,224
Operating revenue	3,052,001	4,412,542
Operating Expenses	'	'
Employee compensation and benefits	1,882,265	2,157,691
General and administrative	1,526,271	1,340,870
Platform fees	508,763	715,406
Advertising	133,195	160,623
Depreciation	62,743	67,038
Subadvisory fees	15,000	15,000
Operating expenses, Total	4,128,237	4,456,628
Operating Loss	-1,076,236	-44,086
Other Income (Loss)	'	'
Investment income	1,060,650	200,651
Equity in earnings of Galileo	-7,188	'
Income (Loss) from Continuing Operations Before Income Taxes	-22,774	156,565
Provision for Federal Income Taxes	'	'
Tax expense (benefit)	-14,006	63,526
Income (Loss) from Continuing Operations	-8,768	93,039
Discontinued Operations (Note 12)	'	'
Loss from operations of discontinued transfer agent	-43,401	-67,029
Tax benefit	-14,756	-22,790
Loss on Discontinued Operations	-28,645	-44,239
Net Income (Loss)	-37,413	48,800
Other Comprehensive Income (Loss), Net of Tax:	'	'
Unrealized gains on available-for-sale securities arising during period (net of tax expense of $195,198)	378,914	101,800
Less: reclassification adjustment for gains/losses included in investment income (net of tax benefit of $297,617)	-577,728	'
Comprehensive Income (Loss)	-236,227	150,600
Basic Net Income (Loss) per Share	'	'
Income (loss) from continuing operations	$0	$0
Loss from discontinued operations	$0	$0
Net income (loss)	$0	$0
Diluted Net Income (Loss) per Share	'	'
Income (loss) from continuing operations	$0	$0
Loss from discontinued operations	$0	$0
Net income (loss)	$0	$0
Basic weighted average number of common shares outstanding	15,471,268	15,475,887
Diluted weighted average number of common shares outstanding	15,471,268	15,475,887
Mutual Fund [Member]	'	'
Operating Revenues	'	'
Advisory fees	2,036,800	2,916,863
Offshore Fund [Member]	'	'
Operating Revenues	'	'
Advisory fees	$52,278	$90,562

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]	'	'
Net of tax expense	$195,198	$195,198
Net of tax benefit	$297,617	$297,617

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash Flows from Operating Activities:	'	'
Net income (loss)	($37,413)	$48,800
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	64,452	68,747
Net recognized gain on securities	-875,346	'
Net loss from equity method investment	7,188	'
Provision for deferred taxes	307,477	2,428
Stock bonuses	2,607	53,189
Stock-based compensation expense	610	7,710
Changes in operating assets and liabilities:	'	'
Accounts receivable	-125,453	-163,462
Prepaid expenses	211,296	129,451
Trading securities	-108,704	-171,580
Accounts payable and accrued expenses	112,156	22,728
Total adjustments	-403,717	-50,789
Net cash used in operating activities	-441,130	-1,989
Cash Flows from Investing Activities:	'	'
Purchase of available-for-sale securities	-500,000	-32,446
Proceeds on sale of available-for-sale securities	1,903,415	'
Net cash provided by (used in) investing activities	1,403,415	-32,446
Cash Flows from Financing Activities:	'	'
Issuance of common stock	44,314	46,198
Repurchases of common stock	-37,209	'
Dividends paid	-232,085	-928,438
Net cash used in financing activities	-224,980	-882,240
Net increase (decrease) in cash and cash equivalents	737,305	-916,675
Beginning cash and cash equivalents	18,085,226	20,612,721
Ending cash and cash equivalents	18,822,531	19,696,046
Supplemental Disclosures of Cash Flow Information	'	'
Cash paid for income taxes	'	'

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
BASIS OF PRESENTATION	'
	NOTE 1. BASIS OF PRESENTATION
	U.S. Global Investors, Inc. (the “Company” or “U.S. Global”) has prepared the consolidated financial statements pursuant to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”) that permit reduced disclosure for interim periods. The financial information included herein reflects all adjustments (consisting solely of normal recurring adjustments), which are, in management’s opinion, necessary for a fair presentation of results for the interim periods presented. The Company has consistently followed the accounting policies set forth in the notes to the consolidated financial statements in the Company’s Form 10-K for the fiscal year ended June 30, 2013.
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, United Shareholder Services, Inc. (“USSI”), U.S. Global Investors (Guernsey) Limited (“USGG”) (on August 3, 2013, USGG was dissolved), U.S. Global Brokerage, Inc., U.S. Global Investors (Bermuda) Limited, U.S. Global Investors (Canada) Limited, and U.S. Global Indices, LLC.
	All significant intercompany balances and transactions have been eliminated in consolidation. Certain amounts have been reclassified for comparative purposes. The results of operations for the three months ended September 30, 2013, are not necessarily indicative of the results to be expected for the entire year.
	The unaudited interim financial information in these condensed financial statements should be read in conjunction with the consolidated financial statements contained in the Company’s annual report.
	Recent Accounting Pronouncements
	On February 5, 2013, the FASB issued Accounting Standard Update (ASU) 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. ASU 2013-02 that does not change the current requirement for reporting net income or other comprehensive income but requires additional disclosures about significant amounts reclassified out of accumulated other comprehensive income. ASU 2013-02 is effective for fiscal years and interim periods within those years beginning after December 31, 2012 and did not have a material impact on the consolidated financial statements.
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. Under this standard, an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward, rather than as a liability, when the uncertain tax position would reduce the net operating loss or other carryforward under the tax law. The standard is effective for interim and annual periods beginning after December 15, 2013 and should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Company is currently evaluating the impact of the standard on its consolidated results of operations and financial condition.

INVESTMENTS

INVESTMENTS	3 Months Ended
	Sep. 30, 2013
Investments All Other Investments [Abstract]	'
INVESTMENTS	'
	NOTE 2. INVESTMENTS
	As of September 30, 2013, the Company held investments with a market value of approximately $13.1 million and a cost basis of approximately $13.0 million. The market value of these investments is approximately 34.1 percent of the Company’s total assets.
	Investments in securities classified as trading are reflected as current assets on the consolidated balance sheet at their fair market value. Unrealized holding gains and losses on trading securities are included in earnings in the consolidated statements of operations and comprehensive income.
	Investments in securities classified as available-for-sale, which may not be readily marketable, are reflected as non-current assets on the consolidated balance sheet at their fair value. Unrealized holding gains and losses on available-for-sale securities are excluded from earnings and reported in other comprehensive income as a separate component of shareholders’ equity until realized.
	The Company records security transactions on trade date. Realized gains (losses) from security transactions are calculated on the first-in/first-out cost basis, unless otherwise identifiable, and are recorded in earnings on the date of sale.
	The following summarizes the market value, cost, and unrealized gain or loss on investments as of September 30, 2013, and June 30, 2013.
	Securities		Market Value		Cost			Unrealized Gain			Unrealized holding
								(Loss)			gains on available-for-
											sale securities, net of
											tax
	Trading¹		$	4,866,924	$	5,457,989		$	(591,065	)		N/A
	Available-for-sale²			8,223,809		7,536,833			686,976		$	453,404
	Total at September 30, 2013		$	13,090,733	$	12,994,822		$	95,911
	Trading¹		$	4,758,220	$	5,457,989		$	(699,769	)		N/A
	Available-for-sale²			9,053,111		8,064,902			988,209		$	652,218
	Total at June 30, 2013		$	13,811,331	$	13,522,891		$	288,440
	¹Unrealized and realized gains and losses on trading securities are included in earnings in the statement of operations.
	²Unrealized gains and losses on available-for-sale securities are excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized.
	The following details the components of the Company’s available-for-sale investments as of September 30, 2013, and June 30, 2013.
			September 30, 2013 (in thousands)
					Gross Unrealized
			Cost		Gains			(Losses)			Market Value
	Available-for-sale securities
	Common stock		$	842	$	900		$	(3	)	$	1,739
	Venture capital investments			168		-			(5	)		163
	Offshore fund			5,000		-			(222	)		4,778
	Mutual funds			1,527		20			(3	)		1,544
	Total available-for-sale securities		$	7,537	$	920		$	(233	)	$	8,224
			June 30, 2013 (in thousands)
					Gross Unrealized
			Cost		Gains			(Losses)			Market Value
	Available-for-sale securities
	Common stock		$	870	$	529		$	(5	)	$	1,394
	Venture capital investments			168		-			(5	)		163
	Offshore fund			5,000		-			(288	)		4,712
	Mutual funds			2,027		760			(3	)		2,784
	Total available-for-sale securities		$	8,065	$	1,289		$	(301	)	$	9,053
	The following tables show the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
			September 30, 2013 (in thousands)
			Less Than 12 Months					12 Months or Greater						Total
					Gross						Gross					Gross
					Unrealized						Unrealized					Unrealized
			Fair Value		Losses			Fair Value			Losses			Fair Value		Losses
	Available-for-sale securities
	Common stock		$	97	$	(3	)	$	-		$	-		$	97	$	(3	)
	Venture capital investments			163		(5	)		-			-			163		(5	)
	Offshore fund			-		-			4,778			(222	)		4,778		(222	)
	Mutual funds			4		(3	)		-			-			4		(3	)
	Total available-for-sale securities		$	264	$	(11	)	$	4,778		$	(222	)	$	5,042	$	(233	)
			June 30, 2013 (in thousands)
			Less Than 12 Months					12 Months or Greater						Total
					Gross						Gross					Gross
					Unrealized						Unrealized					Unrealized
			Fair Value		Losses			Fair Value			Losses			Fair Value		Losses
	Available-for-sale securities
	Common stock		$	95	$	(5	)	$	-		$	-		$	95	$	(5	)
	Venture capital investments			163		(5	)		-			-			163		(5	)
	Offshore fund			-		-			4,712			(288	)		4,712		(288	)
	Mutual funds			3		(3	)		-			-			3		(3	)
	Total available-for-sale securities		$	261	$	(13	)	$	4,712		$	(288	)	$	4,973	$	(301	)
	Investment income can be volatile and varies depending on market fluctuations, the Company’s ability to participate in investment opportunities, and timing of transactions. A significant portion of the unrealized gains and losses for the three months ended September 30, 2013, is concentrated in a small number of issuers. The Company expects that gains and losses will continue to fluctuate in the future.
	Investment income (loss) from the Company’s investments includes:
		•		realized gains and losses on sales of securities;
	•		unrealized gains and losses on trading securities;
	•		realized foreign currency gains and losses;
	•		other-than-temporary impairments on available-for-sale securities; and
	•		dividend and interest income.
The following summarizes investment income reflected in earnings for the periods discussed:
Investment Income		Three Months Ended September 30,
		2013		2012
Realized gains on sales of available-for-sale securities		$	875,346	$	-
Unrealized gains on trading securities			108,704		171,581
Realized foreign currency gains (losses)			4,979		(25	)
Dividend and interest income			71,621		29,095
Total Investment Income		$	1,060,650	$	200,651

FAIR_VALUE_DISCLOSURES

FAIR VALUE DISCLOSURES	3 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
FAIR VALUE DISCLOSURES	'
	NOTE 3. FAIR VALUE DISCLOSURES
	Accounting Standards Codification (ASC) 820, Fair Value Measurement and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value and requires companies to disclose the fair value of their financial instruments according to a fair value hierarchy (i.e., Levels 1, 2, and 3 inputs, as defined below). The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. Additionally, companies are required to provide enhanced disclosures regarding instruments in the Level 3 category (which have inputs to the valuation techniques that are unobservable and require significant management judgment), including a reconciliation of the beginning and ending values separately for each major category of assets or liabilities.
	Financial instruments measured and reported at fair value are classified and disclosed in one of the following categories:
	Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities at the reporting date. Since valuations are based on quoted prices that are readily and regularly available in an active market, value of these products does not entail a significant degree of judgment.
	Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, directly or indirectly.
	Level 3 – Valuations based on inputs that are unobservable and significant to the fair value measurement.
	The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument.
	For actively traded securities, the Company values investments using the closing price of the securities on the exchange or market on which the securities principally trade. If the security is not actively traded, it is valued based on the last bid and/or ask quotation. Securities that are not traded on an exchange or market are generally valued at cost, monitored by management and fair value adjusted as considered necessary. The Company values the mutual funds, offshore funds and a venture capital investment at net asset value.
	The following table presents fair value measurements, as of September 30, 2013, for the three major categories of U.S. Global’s investments measured at fair value on a recurring basis:
		Fair Value Measurement using (in thousands)
		September 30, 2013
		Quoted Prices		Significant		Significant		Total
				Other Inputs		Unobservable
						Inputs
		(Level 1)		(Level 2)		(Level 3)
	Trading securities
	Common stock	$	23	$	-	$	-	$	23
	Offshore fund		-		902		-		902
	Mutual funds		3,942		-		-		3,942
	Total trading securities		3,965		902		-		4,867
	Available-for-sale securities
	Common stock		1,642		-		97		1,739
	Venture capital investments		-		-		163		163
	Offshore fund		-		4,778		-		4,778
	Mutual funds		1,544		-		-		1,544
	Total available-for-sale securities		3,186		4,778		260		8,224
	Total Investments	$	7,151	$	5,680	$	260	$	13,091
	Approximately 55 percent of the Company’s financial assets measured at fair value are derived from Level 1 inputs including SEC-registered mutual funds and equity securities traded on an active market, 43 percent of the Company’s financial assets measured at fair value are derived from Level 2 inputs, including an investment in an offshore fund, and the remaining two percent are Level 3 inputs. The Company recognizes transfers between levels at the end of each quarter. The Company did not transfer any securities between Level 1 and Level 2 during the three months ended September 30, 2013.
	In Level 2, the Company has an investment in an offshore fund with a fair value of $902,009, based on the net asset value per share, which invests in companies in the energy and natural resources sectors. The Company may redeem this investment on the first business day of each month after providing a redemption notice at least forty-five days prior to the proposed redemption date.
	The Company also has a Level 2 investment in an offshore fund with a fair value of $4,778,290, based on the net asset value per share, which invests in dividend-paying equity and debt securities of companies located around the world. The Company may redeem this investment on the first business day of each month after providing a redemption notice at least forty-five days prior to the proposed redemption date. The Company has provided notice of redemption and anticipates that the redemption will be fulfilled by receiving securities in-kind before 2013 calendar year end.
	In Level 3, the Company held investments in a private company and one venture capital investment. These investments are measured at fair value using significant unobservable inputs at September 30, 2013. Fair value is based on cost adjusted for known changes in value.
	The Level 3 venture capital investment has a fair value of approximately $162,841 and primarily invests in companies in the medical and medical technology sectors. The Company may redeem this investment with general partner approval. As of September 30, 2013, the Company has an unfunded commitment of $62,500 related to this investment.
	The Company also has an investment in restricted share of a private sports entertainment company with a fair value of approximately $97,000.
	The following table presents additional information about investments measured at fair value on a recurring basis and for which the Company has utilized significant unobservable inputs to determine fair value:
	Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
		Three Months Ended September 30,
		2013				2012
	(Dollars in Thousands)	Venture		Common		Venture		Common
		Capital		Stock		Capital		Stock
		Investments				Investments
	Beginning Balance	$	163	$	95	$	168	$	-
	Return of capital		-		-		-		-
	Total gains or losses (realized/unrealized)
	Included in earnings (investment income)		-		-		-		-
	Included in other comprehensive income		-		2		-		-
	Purchases, sales, issuances, and settlements		-		-		-		-
	Transfers in and/or out of Level 3		-		-		-		-
	Ending Balance	$	163	$	97	$	168	$	-

EQUITY_INVESTMENT

EQUITY INVESTMENT	3 Months Ended
	Sep. 30, 2013
Equity Method Investments And Joint Ventures [Abstract]	'
EQUITY INVESTMENT	'
	NOTE 4. EQUITY INVESTMENT
	In January 2013, the Company entered into a Stock Purchase Agreement with Galileo Global Equity Advisors Inc. (“Galileo”), a privately held Toronto-based asset management firm, to purchase 50 percent of the issued and outstanding shares of Galileo for $600,000. The closing date of the transaction was March 31, 2013. Galileo will continue to have overall control of the operations and investment management activities of Galileo, including its management of the Galileo Funds. After one year, Galileo may terminate the agreement or allow the Company to purchase an additional 15 percent of its shares. The Company is continuing to evaluate the transaction, and future changes to the amounts recorded could occur. There was no material basis difference between the cost of the Company’s investment in Galileo and the Company’s proportionate share of the underlying equity in net assets of Galileo. Frank Holmes, CEO, and Susan McGee, President and General Counsel, serve as directors of Galileo.
	As the Company lacks control over the investee, the Company accounts for its interest in Galileo under the equity method with its share of Galileo’s profit or loss recognized in earnings. Included in other income for the three months ending September 30, 2013 is $7,188 of equity method losses of Galileo.

INVESTMENT_MANAGEMENT_TRANSFER

INVESTMENT MANAGEMENT, TRANSFERAGENT AND OTHERFEES	3 Months Ended
	Sep. 30, 2013
Text Block [Abstract]	'
INVESTMENT MANAGEMENT, TRANSFERAGENT AND OTHERFEES	'
	NOTE 5. INVESTMENT MANAGEMENT, TRANSFER AGENT AND OTHER FEES
	The Company serves as investment adviser to U.S. Global Investors Funds (“USGIF” or the “Funds”) and receives a fee based on a specified percentage of net assets under management.
	USSI also serves as transfer agent to USGIF and receives fees based on the number of shareholder accounts as well as transaction and activity-based fees. The Company’s Board of Directors formally agreed on August 23, 2013, to exit the transfer agency business so that the Company could focus more on its core strength of investment management. On August 23, 2013, the Funds’ Board of Trustees agreed to continue the existing transfer agency contract with USSI until conversion to the new transfer agent, which is projected to be in December 2013. The transfer agency fees are included in discontinued operations on the statement of operations. Additionally, the Company receives certain miscellaneous fees directly from USGIF shareholders. The Company will continue to receive the shareholder servicing fees based on the value of assets held thorough broker-dealer platforms.
	The advisory agreement for the equity funds provides for a base advisory fee that is adjusted upwards or downwards by 0.25 percent when there is a performance difference of 5 percent or more between a fund’s performance and that of its designated benchmark index over the prior rolling 12 months. For the three months ended September 30, 2013 and 2012, the Company realized a decrease in its base advisory fee of $132,611 and $346,914, respectively.
	Effective May 1, 2013, the Company agreed to contractually limit the expenses of the two fixed income funds and the institutional class of Global Resources Fund through April 30, 2014. The Company has voluntarily waived or reduced its fees and/or agreed to pay expenses on the remaining funds. These caps will continue on a voluntary basis at the Company’s discretion. The aggregate fees waived and expenses borne by the Company for the three months ended September 30, 2013, were $855,370 compared with $850,042 for the corresponding period in the prior fiscal year.
	The above waived fees include amounts waived under an agreement whereby the Company has voluntarily agreed to waive fees and/or reimburse the U.S. Treasury Securities Cash Fund and the U.S. Government Securities Savings Fund to the extent necessary to maintain the respective fund’s yield at a certain level as determined by the Company (Minimum Yield). For the three months ended September 30, 2013, total fees waived and/or expenses reimbursed as a result of this agreement were $334,764. For the corresponding period in fiscal year 2013, the total fees waived and/or expenses reimbursed were $300,635.
	The Company may recapture any fees waived and/or expenses reimbursed within three years after the end of the fund’s fiscal year of such waiver and/or reimbursement to the extent that such recapture would not cause the fund’s yield to fall below the Minimum Yield. Thus, $678,107 of the waiver for the U.S. Government Securities Savings Fund is recoverable by the Company through December 31, 2013; $736,531 through December 31, 2014; $509,874 through December 31, 2015; and $395,409 through December 31, 2016 The U.S. Treasury Securities Cash Fund also has waivers subject to future recapture; however, because the fund will be liquated in December 2013, no recapture is expected.
	The Company provides advisory services for three offshore clients and receives monthly advisory fees based on the net asset values of the clients and monthly performance fees, if any, based on the overall increase in net asset values. The Company recorded advisory and performance fees from these clients totaling $52,278 for the three months ended September 30, 2013, and $90,562 for the corresponding period in the prior fiscal year. Frank Holmes, CEO, serves as a director of the offshore clients.

BORROWINGS

BORROWINGS	3 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
BORROWINGS	'
	NOTE 6. BORROWINGS
	As of September 30, 2013, the Company has no long-term liabilities.
	The Company has access to a $1 million credit facility with a one-year maturity for working capital purposes. The credit agreement requires the Company to maintain certain quarterly financial covenants to access the line of credit. The Company has been in compliance with all financial covenants during the fiscal year. As of September 30, 2013, this credit facility remained unutilized by the Company.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
STOCKHOLDERS' EQUITY	'
	NOTE 7. STOCKHOLDERS’ EQUITY
	Payment of cash dividends is within the discretion of the Company’s board of directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions. A monthly dividend of $0.005 per share is authorized through December 2013 and will be reviewed by the board quarterly.
	The Board of Directors approved a share repurchase program on December 7, 2012, authorizing the Company to purchase up to $2.75 million of its outstanding common shares as market and business conditions warrant on the open market in compliance with Rule 10b-18 of the Securities Exchange Act of 1934. The share repurchase authorization expires at the end of calendar 2013. For the three months ended September 30, 2013, the Company had repurchased 13,219 class A shares using cash of $37,209. There remains approximately $2.539 million available for repurchase under this authorization. The acquired shares may be used for corporate purposes, including shares issued to employees in the Company’s stock-based compensation programs.
	The Company accounts for stock-based compensation in accordance with ASC 718 Compensation – Stock Compensation. Stock-based compensation expense is recorded for the cost of stock options. Stock-based compensation expense for the three months ended September 30, 2013, was $610, compared to $7,710 in the corresponding period in fiscal 2013. As of September 30, 2013, and 2012, respectively, there was approximately $7,117 and $9,557 of total unrecognized share-based compensation cost related to share-based compensation granted under the plans that will be recognized over the remainder of their respective vesting periods.
	Stock compensation plans
	The Company’s stock option plans provide for the granting of class A shares as either incentive or nonqualified stock options to employees and non-employee directors. Options are subject to terms and conditions determined by the Compensation Committee of the Board of Directors. Options outstanding at September 30, 2013, were 29,000 at a weighted average exercise price of $17.03. Options exercisable at September 30, 2013, were 26,000 at a weighted average exercise price of $18.25. There was no option activity for the three months ended September 30, 2013.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	NOTE 8. EARNINGS PER SHARE
	The basic earnings per share (“EPS”) calculation excludes dilution and is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution of EPS that could occur if options to issue common stock were exercised.
	The following table sets forth the computation for basic and diluted EPS:
		Three Months Ended September 30,
		2013			2012
	Income (loss) from continuing operations	$	(8,768	)	$	93,039
	Loss from discontinued operations		(28,645	)		(44,239	)
	Net income (loss)	$	(37,413	)	$	48,800
	Weighted average number of outstanding shares
	Basic		15,471,268			15,475,887
	Effect of dilutive securities
	Employee stock options		-			-
	Diluted		15,471,268			15,475,887
	Earnings (loss) per share
	Basic:
	Income (loss) from continuing operations	$	0		$	0
	Loss from discontinued operations	$	0		$	0
	Net income (loss)	$	0		$	0
	Diluted:
	Income (loss) from continuing operations	$	0		$	0
	Loss from discontinued operations	$	0		$	0
	Net income (loss)	$	0		$	0
	The diluted EPS calculation excludes the effect of stock options when their exercise prices exceed the average market price for the period. For the three months ended September 30, 2013 and 2012, 29,000 options were excluded from diluted EPS, respectively.
	The Company may repurchase stock from employees. The Company made no repurchases of shares of its class B, or class C common stock during the three months ended September 30, 2013. During the three months ended September 30, 2013, the Company repurchased 13,219 class A shares on the open market using cash of $37,209. The Company did not repurchase any shares of its class A common stock on the open market during the same period in fiscal year 2013. Upon repurchase, these shares are classified as treasury shares and are deducted from outstanding shares in the earnings per share calculation.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	NOTE 9. INCOME TAXES
	The Company and its subsidiaries file a consolidated federal income tax return. Provisions for income taxes include deferred taxes for temporary differences in the bases of assets and liabilities for financial and tax purposes, resulting from the use of the liability method of accounting for income taxes. The current deferred tax asset primarily consists of unrealized losses on trading securities. The long-term deferred tax asset is composed primarily of capital loss carryover, unrealized losses and other-than-temporary impairments on available-for-sale securities and the difference in tax treatment of stock options.
	For federal income tax purposes at September 30, 2013, the Company has capital loss carryovers of approximately $734,000 expiring in fiscal year 2018. The Company also has charitable contribution carryovers of approximately $82,000 expiring in fiscal years 2018 - 2019.
	A valuation allowance is provided when it is more likely than not that some portion of the deferred tax amount will not be realized. At September 30, 2013 and June 30, 2013, a valuation allowance of $27,993 and $27,286, respectively, was included related to the charitable contribution carryover.

FINANCIAL_INFORMATION_BY_BUSIN

FINANCIAL INFORMATION BY BUSINESS SEGMENT	3 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
FINANCIAL INFORMATION BY BUSINESS SEGMENT	'
	NOTE 10. FINANCIAL INFORMATION BY BUSINESS SEGMENT
	The Company operates principally in two business segments: providing investment management services to the funds it manages and investing for its own account in an effort to add growth and value to its cash position. The following schedule details total revenues and income by business segment:
		Investment			Corporate		Consolidated
		Management			Investments
		Services
	Three months ended September 30, 2013
	Net operating revenues	$	3,052,001		$	-	$	3,052,001
	Net other income	$	-		$	1,053,462	$	1,053,462
	Income (loss) from continuing operations before income taxes	$	(1,076,236	)	$	1,053,462	$	(22,774	)
	Loss from discontinued operations	$	(28,645	)	$	-	$	(28,645	)
	Net income (loss)	$	(1,090,680	)	$	1,053,267	$	(37,413	)
	Depreciation	$	64,452		$	-	$	64,452
	Interest expense	$	-		$	-	$	-
	Capital expenditures	$	-		$	-	$	-
	Gross identifiable assets at September 30, 2013	$	23,862,044		$	13,806,572	$	37,668,616
	Deferred tax asset						$	668,352
	Consolidated total assets at September 30, 2013						$	38,336,968
	Three months ended September 30, 2012
	Net operating revenues	$	4,412,542		$	-	$	4,412,542
	Net other income	$	-		$	200,651	$	200,651
	Income (loss) from continuing operations before income taxes	$	(44,086	)	$	200,651	$	156,565
	Loss from discontinued operations	$	(44,239	)	$	-	$	(44,239	)
	Net income (loss)	$	(150,810	)	$	199,610	$	48,800
	Depreciation	$	68,747		$	-	$	68,747
	Interest expense	$	-		$	-	$	-
	Capital expenditures	$	-		$	-	$	-

CONTINGENCIES_AND_COMMITMENTS

CONTINGENCIES AND COMMITMENTS	3 Months Ended
	Sep. 30, 2013
Commitments And Contingencies Disclosure [Abstract]	'
CONTINGENCIES AND COMMITMENTS	'
	NOTE 11. CONTINGENCIES AND COMMITMENTS
	The Company continuously reviews all investor, employee and vendor complaints, and pending or threatened litigation. The likelihood that a loss contingency exists is evaluated through consultation with legal counsel, and a loss contingency is recorded if probable and reasonably estimable.
	During the normal course of business, the Company may be subject to claims, legal proceedings, and other contingencies. These matters are subject to various uncertainties, and it is possible that some of these matters may be resolved unfavorably. The Company establishes accruals for matters for which the outcome is probable and can be reasonably estimated. Management believes that any liability in excess of these accruals upon the ultimate resolution of these matters will not have a material adverse effect on the consolidated financial statements of the Company.
	The Board has authorized a monthly dividend of $0.005 per share through December 2013, at which time it will be considered for continuation by the Board. Payment of cash dividends is within the discretion of the Company’s Board of Directors and is dependent on earnings, operations, capital requirements, general financial condition of the Company, and general business conditions. The total amount of cash dividends to be paid to class A and class C shareholders from October to December 2013 will be approximately $232,000.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Sep. 30, 2013
Discontinued Operations And Disposal Groups [Abstract]	'
DISCONTINUED OPERATIONS	'
	NOTE 12. DISCONTINUED OPERATIONS
	The Company’s Board of Directors formally agreed on August 23, 2013, to exit the transfer agency business so that the Company could focus more on its core strength of investment management. On August 23, 2013, the Funds’ Board of Trustees agreed to continue the existing transfer agency contract with USSI until conversion to the new transfer agent, which is projected to be in December 2013.
	The transfer agency results, together with expenses associated with discontinuing transfer agency operations, are reflected as discontinued operations in the statement of operations and are therefore exclude from continuing operations results. Comparative periods shown in the statement of operations have been adjusted to conform with this presentation.
	The assets and liabilities related to the transfer agency business are as follows at September 30, 2013:
		As of
		September 30, 2013
	Assets
	Receivables	$	240,962
	Property and equipment, net		37,487
	Total assets held related to discontinued operations	$	278,449
	Liabilities
	Other Accrued expenses	$	5,002
	Accrued compensation		59,646
	Total liabilities held related to discontinued operations	$	64,648
	The components of income from discontinued operations were as follows for the three months ended September 30, 2013 and 2012:
		Three Months Ended September 30,
		2013			2012
	Operating revenue	$	313,592		$	364,373
	Operating expenses		356,993			431,402
	Loss from discontinued operations before income taxes		(43,401	)		(67,029	)
	Income tax benefit		(14,756	)		(22,790	)
	Loss from discontinued operations, net of tax	$	(28,645	)	$	(44,239	)

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	NOTE 13. SUBSEQUENT EVENTS
	As discussed in Notes 5 and 12, the Company anticipates discontinuing its transfer agency business in December 2013.
	On August 23, 2013, the Funds’ Board of Trustees approved an increase to the administrative services fees paid to the Company. The new fees, projected to be effective in December 2013, will change from an annual rate of 0.08 percent to 0.10 percent per investor class and from 0.06 percent to 0.08 percent per institutional class of each Fund, based on average daily net assets, plus $10,000 per Fund.
	Over the next few months, the Company is anticipating several changes to the mutual funds it manages. The Global Emerging Markets Fund liquidated on October 31, 2013. The following activities are anticipated to be completed by the end of 2013: (1) pending shareholder approval, reorganize the MegaTrends Fund into the Holmes Growth Fund (to be named Holmes Macro Trends Fund), (2) reorganize the Tax Free Fund into the Near-Term Tax Free Fund, (3) pending shareholder approval, change the U.S. Government Securities Savings Fund from a money market fund to a U.S. government ultrashort bond fund and (4) liquidate the U.S. Treasury Securities Cash Fund.

INVESTMENTS_Tables

INVESTMENTS (Tables)	3 Months Ended
	Sep. 30, 2013
Investments All Other Investments [Abstract]	'
Market Value, Cost, and Unrealized Gain or Loss on Investments	'
	The following summarizes the market value, cost, and unrealized gain or loss on investments as of September 30, 2013, and June 30, 2013.
	Securities	Market Value		Cost			Unrealized Gain			Unrealized holding
							(Loss)			gains on available-for-
										sale securities, net of
										tax
	Trading¹	$	4,866,924	$	5,457,989		$	(591,065	)		N/A
	Available-for-sale²		8,223,809		7,536,833			686,976		$	453,404
	Total at September 30, 2013	$	13,090,733	$	12,994,822		$	95,911
	Trading¹	$	4,758,220	$	5,457,989		$	(699,769	)		N/A
	Available-for-sale²		9,053,111		8,064,902			988,209		$	652,218
	Total at June 30, 2013	$	13,811,331	$	13,522,891		$	288,440
	¹Unrealized and realized gains and losses on trading securities are included in earnings in the statement of operations.
	²Unrealized gains and losses on available-for-sale securities are excluded from earnings and recorded in other comprehensive income as a separate component of shareholders’ equity until realized.
Components of Company's Available-for-Sale Investments	'
	The following details the components of the Company’s available-for-sale investments as of September 30, 2013, and June 30, 2013.
		September 30, 2013 (in thousands)
				Gross Unrealized
		Cost		Gains			(Losses)			Market Value
	Available-for-sale securities
	Common stock	$	842	$	900		$	(3	)	$	1,739
	Venture capital investments		168		-			(5	)		163
	Offshore fund		5,000		-			(222	)		4,778
	Mutual funds		1,527		20			(3	)		1,544
	Total available-for-sale securities	$	7,537	$	920		$	(233	)	$	8,224
		June 30, 2013 (in thousands)
				Gross Unrealized
		Cost		Gains			(Losses)			Market Value
	Available-for-sale securities
	Common stock	$	870	$	529		$	(5	)	$	1,394
	Venture capital investments		168		-			(5	)		163
	Offshore fund		5,000		-			(288	)		4,712
	Mutual funds		2,027		760			(3	)		2,784
	Total available-for-sale securities	$	8,065	$	1,289		$	(301	)	$	9,053
Summary of Gross Unrealized Losses and Fair Values of Available-for-Sale Investment Securities	'
	The following tables show the gross unrealized losses and fair values of available-for-sale investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
		September 30, 2013 (in thousands)
		Less Than 12 Months					12 Months or Greater						Total
				Gross						Gross					Gross
				Unrealized						Unrealized					Unrealized
		Fair Value		Losses			Fair Value			Losses			Fair Value		Losses
	Available-for-sale securities
	Common stock	$	97	$	(3	)	$	-		$	-		$	97	$	(3	)
	Venture capital investments		163		(5	)		-			-			163		(5	)
	Offshore fund		-		-			4,778			(222	)		4,778		(222	)
	Mutual funds		4		(3	)		-			-			4		(3	)
	Total available-for-sale securities	$	264	$	(11	)	$	4,778		$	(222	)	$	5,042	$	(233	)
		June 30, 2013 (in thousands)
		Less Than 12 Months					12 Months or Greater						Total
				Gross						Gross					Gross
				Unrealized						Unrealized					Unrealized
		Fair Value		Losses			Fair Value			Losses			Fair Value		Losses
	Available-for-sale securities
	Common stock	$	95	$	(5	)	$	-		$	-		$	95	$	(5	)
	Venture capital investments		163		(5	)		-			-			163		(5	)
	Offshore fund		-		-			4,712			(288	)		4,712		(288	)
	Mutual funds		3		(3	)		-			-			3		(3	)
	Total available-for-sale securities	$	261	$	(13	)	$	4,712		$	(288	)	$	4,973	$	(301	)
Investment Income (Loss) Reflected in Earnings	'
	The following summarizes investment income reflected in earnings for the periods discussed:
	Investment Income	Three Months Ended September 30,
		2013		2012
	Realized gains on sales of available-for-sale securities	$	875,346	$	-
	Unrealized gains on trading securities		108,704		171,581
	Realized foreign currency gains (losses)		4,979		(25	)
	Dividend and interest income		71,621		29,095
	Total Investment Income	$	1,060,650	$	200,651

FAIR_VALUE_DISCLOSURES_Tables

FAIR VALUE DISCLOSURES (Tables)	3 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements on Recurring Basis	'
	The following table presents fair value measurements, as of September 30, 2013, for the three major categories of U.S. Global’s investments measured at fair value on a recurring basis:
		Fair Value Measurement using (in thousands)
		September 30, 2013
		Quoted Prices		Significant		Significant		Total
				Other Inputs		Unobservable
						Inputs
		(Level 1)		(Level 2)		(Level 3)
	Trading securities
	Common stock	$	23	$	-	$	-	$	23
	Offshore fund		-		902		-		902
	Mutual funds		3,942		-		-		3,942
	Total trading securities		3,965		902		-		4,867
	Available-for-sale securities
	Common stock		1,642		-		97		1,739
	Venture capital investments		-		-		163		163
	Offshore fund		-		4,778		-		4,778
	Mutual funds		1,544		-		-		1,544
	Total available-for-sale securities		3,186		4,778		260		8,224
	Total Investments	$	7,151	$	5,680	$	260	$	13,091
Summary of Investments Measured at Fair Value on Recurring Basis	'
	The following table presents additional information about investments measured at fair value on a recurring basis and for which the Company has utilized significant unobservable inputs to determine fair value:
	Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
		Three Months Ended September 30,
		2013				2012
	(Dollars in Thousands)	Venture		Common		Venture		Common
		Capital		Stock		Capital		Stock
		Investments				Investments
	Beginning Balance	$	163	$	95	$	168	$	-
	Return of capital		-		-		-		-
	Total gains or losses (realized/unrealized)
	Included in earnings (investment income)		-		-		-		-
	Included in other comprehensive income		-		2		-		-
	Purchases, sales, issuances, and settlements		-		-		-		-
	Transfers in and/or out of Level 3		-		-		-		-
	Ending Balance	$	163	$	97	$	168	$	-

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Computation for Basic and Diluted Earning Per Share	'
	The following table sets forth the computation for basic and diluted EPS:
		Three Months Ended September 30,
		2013			2012
	Income (loss) from continuing operations	$	(8,768	)	$	93,039
	Loss from discontinued operations		(28,645	)		(44,239	)
	Net income (loss)	$	(37,413	)	$	48,800
	Weighted average number of outstanding shares
	Basic		15,471,268			15,475,887
	Effect of dilutive securities
	Employee stock options		-			-
	Diluted		15,471,268			15,475,887
	Earnings (loss) per share
	Basic:
	Income (loss) from continuing operations	$	0		$	0
	Loss from discontinued operations	$	0		$	0
	Net income (loss)	$	0		$	0
	Diluted:
	Income (loss) from continuing operations	$	0		$	0
	Loss from discontinued operations	$	0		$	0
	Net income (loss)	$	0		$	0

FINANCIAL_INFORMATION_BY_BUSIN1

FINANCIAL INFORMATION BY BUSINESS SEGMENT (Tables)	3 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Schedule Details of Financial Information by Business Segment	'
	The Company operates principally in two business segments: providing investment management services to the funds it manages and investing for its own account in an effort to add growth and value to its cash position. The following schedule details total revenues and income by business segment:
		Investment			Corporate		Consolidated
		Management			Investments
		Services
	Three months ended September 30, 2013
	Net operating revenues	$	3,052,001		$	-	$	3,052,001
	Net other income	$	-		$	1,053,462	$	1,053,462
	Income (loss) from continuing operations before income taxes	$	(1,076,236	)	$	1,053,462	$	(22,774	)
	Loss from discontinued operations	$	(28,645	)	$	-	$	(28,645	)
	Net income (loss)	$	(1,090,680	)	$	1,053,267	$	(37,413	)
	Depreciation	$	64,452		$	-	$	64,452
	Interest expense	$	-		$	-	$	-
	Capital expenditures	$	-		$	-	$	-
	Gross identifiable assets at September 30, 2013	$	23,862,044		$	13,806,572	$	37,668,616
	Deferred tax asset						$	668,352
	Consolidated total assets at September 30, 2013						$	38,336,968
	Three months ended September 30, 2012
	Net operating revenues	$	4,412,542		$	-	$	4,412,542
	Net other income	$	-		$	200,651	$	200,651
	Income (loss) from continuing operations before income taxes	$	(44,086	)	$	200,651	$	156,565
	Loss from discontinued operations	$	(44,239	)	$	-	$	(44,239	)
	Net income (loss)	$	(150,810	)	$	199,610	$	48,800
	Depreciation	$	68,747		$	-	$	68,747
	Interest expense	$	-		$	-	$	-
	Capital expenditures	$	-		$	-	$	-

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Sep. 30, 2013
Discontinued Operations And Disposal Groups [Abstract]	'
Summary of Assets and Liabilities Related to Transfer Agency Business	'
	The assets and liabilities related to the transfer agency business are as follows at September 30, 2013:
		As of
		September 30, 2013
	Assets
	Receivables	$	240,962
	Property and equipment, net		37,487
	Total assets held related to discontinued operations	$	278,449
	Liabilities
	Other Accrued expenses	$	5,002
	Accrued compensation		59,646
	Total liabilities held related to discontinued operations	$	64,648
Summary of Income from Discontinued Operations	'
	The components of income from discontinued operations were as follows for the three months ended September 30, 2013 and 2012:
		Three Months Ended September 30,
		2013			2012
	Operating revenue	$	313,592		$	364,373
	Operating expenses		356,993			431,402
	Loss from discontinued operations before income taxes		(43,401	)		(67,029	)
	Income tax benefit		(14,756	)		(22,790	)
	Loss from discontinued operations, net of tax	$	(28,645	)	$	(44,239	)

Investments_Additional_Informa

Investments - Additional Information (Detail) (USD $)	Sep. 30, 2013	Jun. 30, 2013
Fair Value Disclosures [Abstract]	'	'
Fair value of investments held	$13,091,000	'
Cost basis of investments held	$12,994,822	$13,522,891
Market value of investments to Company's total assets	34.10%	'

Investments_Market_Value_Cost_

Investments - Market Value, Cost, and Unrealized Gain or Loss on Investments (Detail) (USD $)	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Jun. 30, 2013
Amortized Cost And Fair Value Debt Securities [Abstract]	'	'
Trading, Market Value	$4,866,924	$4,758,220
Available-for-sale, Market Value	8,223,809	9,053,111
Total Investments, Market Value	13,090,733	13,811,331
Trading, Cost	5,457,989	5,457,989
Available-for-sale, Cost	7,536,833	8,064,902
Total, Cost	12,994,822	13,522,891
Trading, Unrealized Gain (Loss)	-591,065	-699,769
Available-for-sale, Unrealized Gain (Loss)	686,976	988,209
Total, Unrealized Gain (Loss)	95,911	288,440
Available-for-sale, Unrealized holding gains on available-for-sale securities, net of tax	$453,404	$652,218

Investments_Components_of_Comp

Investments - Components of Company's Available-for-Sale Investments (Detail) (USD $)	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Jun. 30, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Cost	$7,536,833	$8,064,902
Available-for-sale securities, Gross Unrealized Gains	920,000	1,289,000
Available-for-sale securities, Gross Unrealized (Losses)	-233,000	-301,000
Available-for-sale securities, Market Value	8,223,809	9,053,111
Common Stock [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Cost	842,000	870,000
Available-for-sale securities, Gross Unrealized Gains	900,000	529,000
Available-for-sale securities, Gross Unrealized (Losses)	-3,000	-5,000
Available-for-sale securities, Market Value	1,739,000	1,394,000
Venture capital investments [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Cost	168,000	168,000
Available-for-sale securities, Gross Unrealized (Losses)	-5,000	-5,000
Available-for-sale securities, Market Value	163,000	163,000
Offshore Fund [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Cost	5,000,000	5,000,000
Available-for-sale securities, Gross Unrealized (Losses)	-222,000	-288,000
Available-for-sale securities, Market Value	4,778,000	4,712,000
Mutual funds [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Cost	1,527,000	2,027,000
Available-for-sale securities, Gross Unrealized Gains	20,000	760,000
Available-for-sale securities, Gross Unrealized (Losses)	-3,000	-3,000
Available-for-sale securities, Market Value	$1,544,000	$2,784,000

Investments_Summary_of_Gross_U

Investments - Summary of Gross Unrealized Losses and Fair Values of Available-For-Sale Investment Securities (Detail) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Jun. 30, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Fair Value	$264	$261
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Losses	-11	-13
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Fair Value	4,778	4,712
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Gross Unrealized Losses	-222	-288
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	5,042	4,973
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	-233	-301
Common Stock [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Fair Value	97	95
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Losses	-3	-5
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	97	95
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	-3	-5
Venture Capital Investments [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Fair Value	163	163
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Losses	-5	-5
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	163	163
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	-5	-5
Offshore Fund [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Fair Value	4,778	4,712
Available-for-sale securities, Continuous Unrealized Loss Position, 12 Months or Greater, Gross Unrealized Losses	-222	-288
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	4,778	4,712
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	-222	-288
Mutual funds [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Fair Value	4	3
Available-for-sale securities, Continuous Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Losses	-3	-3
Available-for-sale securities, Continuous Unrealized Loss Position, Fair Value, Total	4	3
Available-for-sale securities, Continuous Unrealized Loss Position, Gross Unrealized Losses, Total	($3)	($3)

Investments_Investment_Income_

Investments - Investment Income (Loss) Reflected in Earnings (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Marketable Securities Gain Loss [Abstract]	'	'
Realized gains on sales of available-for-sale securities	$875,346	'
Unrealized gains on trading securities	108,704	171,581
Realized foreign currency gains (losses)	4,979	-25
Dividend and interest income	71,621	29,095
Total Investment Income	$1,060,650	$200,651

Fair_Value_Disclosures_Fair_Va

Fair Value Disclosures - Fair Value Measurements on Recurring Basis (Detail) (USD $)	Sep. 30, 2013
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	$4,867,000
Total available-for-sale securities	8,224,000
Total Investments	13,091,000
Common Stock [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	23,000
Total available-for-sale securities	1,739,000
Offshore Fund [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	902,000
Total available-for-sale securities	4,778,000
Mutual funds [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	3,942,000
Total available-for-sale securities	1,544,000
Venture Capital Investments [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total available-for-sale securities	163,000
Quoted Prices (Level 1) [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	3,965,000
Total available-for-sale securities	3,186,000
Total Investments	7,151,000
Quoted Prices (Level 1) [Member] | Common Stock [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	23,000
Total available-for-sale securities	1,642,000
Quoted Prices (Level 1) [Member] | Offshore Fund [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	'
Total available-for-sale securities	'
Quoted Prices (Level 1) [Member] | Mutual funds [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	3,942,000
Total available-for-sale securities	1,544,000
Quoted Prices (Level 1) [Member] | Venture Capital Investments [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total available-for-sale securities	'
Significant Other Inputs (Level 2) [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	902,000
Total available-for-sale securities	4,778,000
Total Investments	5,680,000
Significant Other Inputs (Level 2) [Member] | Common Stock [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	'
Total available-for-sale securities	'
Significant Other Inputs (Level 2) [Member] | Offshore Fund [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	902,000
Total available-for-sale securities	4,778,000
Significant Other Inputs (Level 2) [Member] | Mutual funds [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	'
Total available-for-sale securities	'
Significant Other Inputs (Level 2) [Member] | Venture Capital Investments [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total available-for-sale securities	'
Significant Unobservable Inputs (Level 3) [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	'
Total available-for-sale securities	260,000
Total Investments	260,000
Significant Unobservable Inputs (Level 3) [Member] | Common Stock [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	'
Total available-for-sale securities	97,000
Significant Unobservable Inputs (Level 3) [Member] | Offshore Fund [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	'
Total available-for-sale securities	'
Significant Unobservable Inputs (Level 3) [Member] | Mutual funds [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total trading securities	'
Total available-for-sale securities	'
Significant Unobservable Inputs (Level 3) [Member] | Venture Capital Investments [Member] | Recurring basis [Member]	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'
Total available-for-sale securities	$163,000

Fair_Value_Disclosures_Additio

Fair Value Disclosures - Additional Information (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Percentage of financial assets derived from Level 1 inputs measured at fair value	55.00%
Percentage of financial assets derived from Level 2 inputs measured at fair value	43.00%
Percentage of financial assets derived from Level 3 inputs measured at fair value	2.00%
Trading securities, at fair value	4,867,000
Available-for-sale securities, at fair value	8,224,000
Fair value of investment in restricted shares	97,000
Offshore Fund [Member]	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Trading securities, at fair value	902,000
Available-for-sale securities, at fair value	4,778,000
Offshore Fund [Member] | Significant Other Inputs (Level 2) [Member] | Energy And Natural Resources Sectors [Member]	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Trading securities, at fair value	902,009
Offshore Fund [Member] | Significant Other Inputs (Level 2) [Member] | Dividend Paying Equity And Debt Securities [Member]	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Available-for-sale securities, at fair value	4,778,290
Venture Capital Investments [Member]	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Available-for-sale securities, at fair value	163,000
Venture Capital Investments [Member] | Medical And Medical Technology Sectors [Member]	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Commitments	62,500
Venture Capital Investments [Member] | Significant Unobservable Inputs (Level 3) [Member] | Medical And Medical Technology Sectors [Member]	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Available-for-sale securities, at fair value	162,841
Available-for-sale Securities [Member] | Offshore Fund [Member] | Significant Other Inputs (Level 2) [Member]	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Redemption description of investment	'First business day of each month after providing a redemption notice at least forty-five days prior to the proposed redemption date.
Trading Securities [Member] | Offshore Fund [Member] | Significant Other Inputs (Level 2) [Member]	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'
Redemption description of investment	'First business day of each month after providing a redemption notice at least forty-five days prior to the proposed redemption date.

Fair_Value_Disclosures_Summary

Fair Value Disclosures - Summary of Investments Measured at Fair Value on a Recurring Basis (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Common Stock [Member]	'	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'	'
Beginning Balance	$95	'
Return of capital	'	'
Total gains or losses (realized/unrealized)	'	'
Included in earnings (investment income)	'	'
Included in other comprehensive income	2	'
Purchases, sales, issuances, and settlements	'	'
Transfers in and/or out of Level 3	'	'
Ending Balance	97	'
Venture Capital Investments [Member]	'	'
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]	'	'
Beginning Balance	163	168
Return of capital	'	'
Total gains or losses (realized/unrealized)	'	'
Included in earnings (investment income)	'	'
Included in other comprehensive income	'	'
Purchases, sales, issuances, and settlements	'	'
Transfers in and/or out of Level 3	'	'
Ending Balance	$163	$168

Equity_Investment_Additional_I

Equity Investment - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Mar. 31, 2013
Schedule of Equity Method Investments [Line Items]	'	'
Percentage of shares issued and outstanding of Galileo	'	50.00%
Purchase of Galileo shares	'	$600,000
Purchase of additional equity shares	'	15.00%
Net loss from equity method investment	-7,188	'
Galileo Global Equity Advisor Inc [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Net loss from equity method investment	($7,188)	'

Recovered_Sheet1

Investment Management Transfer Agent and Other Fees - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012
		Funds
Investment Management And Other Fees [Line Items]	'	'	'
Transfer agency business exit, Agreement date	'2013-08-23	'2013-08-23	'
Base advisory fee adjustment, description	'Is adjusted upwards or downwards by 0.25 percent when there is a performance difference of 5 percent or more between a fund's performance and that of its designated benchmark index over the prior rolling 12 months.	'	'
Decrease in base advisory fees realized	'	($132,611)	($346,914)
Aggregate fees waived and expenses borne	'	855,370	850,042
Date through which the company agreed to contractually limit the expenses of the two fixed income funds and the institutional class of Global Resources Fund	'	'2014-04-30	'
Number of fixed income funds	'	2	'
Fees waived and or expenses reimbursed U.S. Treasury Securities Cash Fund to maintain minimum yield	'	334,764	300,635
Minimum yield waivers recoverable through 12/31/13	'	678,107	'
Minimum yield waivers recoverable through 12/31/14	'	736,531	'
Minimum yield waivers recoverable through 12/31/15	'	509,874	'
Minimum yield waivers recoverable through 12/31/16	'	395,409	'
Offshore Fund [Member]	'	'	'
Investment Management And Other Fees [Line Items]	'	'	'
Recorded advisory and performance fees	'	$52,278	$90,562

Borrowings_Additional_Informat

Borrowings - Additional Information (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Long-term liabilities	$0
Credit facility with a one-year maturity for working capital	$1,000,000
Credit facility maturity period	'1 year

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended
	Dec. 07, 2012	Sep. 30, 2013	Sep. 30, 2012
Stockholders Equity [Line Items]	'	'	'
Cash dividend declared monthly (per share)	'	$0.01	'
Stock repurchase program, authorized amount	$2,750,000	'	'
Payments for repurchase of common stock	'	37,209	'
Remaining authorized repurchase amount	'	2,539,000	'
Stock-based compensation expense	'	610	7,710
Unrecognized share-based compensation cost	'	7,117	9,557
Number of Options, Options outstanding	'	29,000	'
Weighted Average Exercise Price, Options outstanding	'	$17.03	'
Number of Options, Options exercisable	'	26,000	'
Weighted Average Exercise Price, Options exercisable	'	$18.25	'
Common Class A [Member]	'	'	'
Stockholders Equity [Line Items]	'	'	'
Number of shares repurchased	'	13,219	'
Payments for repurchase of common stock	'	$37,209	'

Earnings_Per_Share_Computation

Earnings Per Share - Computation for Basic and Diluted Earnings Per Share (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]	'	'
Income (loss) from continuing operations	($8,768)	$93,039
Loss from discontinued operations	-28,645	-44,239
Net income (loss)	($37,413)	$48,800
Weighted average number of outstanding shares Basic	15,471,268	15,475,887
Effect of dilutive securities	'	'
Employee stock options	'	'
Diluted	15,471,268	15,475,887
Basic:	'	'
Income (loss) from continuing operations	$0	$0
Loss from discontinued operations	$0	$0
Net income (loss)	$0	$0
Diluted:	'	'
Income (loss) from continuing operations	$0	$0
Loss from discontinued operations	$0	$0
Net income (loss)	$0	$0

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013
Schedule Of Earnings Per Share [Line Items]	'
Repurchasing amount	$37,209
Common Class A [Member]	'
Schedule Of Earnings Per Share [Line Items]	'
Repurchased Shares	13,219
Repurchasing amount	$37,209
Common Class B [Member]	'
Schedule Of Earnings Per Share [Line Items]	'
Repurchased Shares	0
Common Class C [Member]	'
Schedule Of Earnings Per Share [Line Items]	'
Repurchased Shares	0

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	Sep. 30, 2013	Jun. 30, 2013
Charitable Contribution Carryover [Member]	'	'
Income Tax [Line Items]	'	'
Valuation allowance	$27,993	$27,286
Expiration 2018 [Member]	'	'
Income Tax [Line Items]	'	'
Tax expense at capital loss carryovers	734,000	'
Expiration 2018 -2019 [Member]	'	'
Income Tax [Line Items]	'	'
Tax expense at charitable contribution carryovers	$82,000	'

Recovered_Sheet2

Financial Information By Business Segments - Schedule Details of Financial Information by Business Segment (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013
Segment Reporting Information [Line Items]	'	'	'
Net operating revenues	$3,052,001	$4,412,542	'
Net other income	1,053,462	200,651	'
Income (loss) from continuing operations before income taxes	-22,774	156,565	'
Loss from discontinued operations	-28,645	-44,239	'
Net income (loss)	-37,413	48,800	'
Depreciation	64,452	68,747	'
Interest expense	'	'	'
Capital expenditures	'	'	'
Gross identifiable assets at September 30, 2013	37,668,616	'	'
Deferred tax asset	668,352	'	'
Consolidated total assets at September 30, 2013	38,336,968	'	38,682,802
Investment Management Services [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net operating revenues	3,052,001	4,412,542	'
Net other income	'	'	'
Income (loss) from continuing operations before income taxes	-1,076,236	-44,086	'
Loss from discontinued operations	-28,645	-44,239	'
Net income (loss)	-1,090,680	-150,810	'
Depreciation	64,452	68,747	'
Interest expense	'	'	'
Capital expenditures	'	'	'
Gross identifiable assets at September 30, 2013	23,862,044	'	'
Deferred tax asset	'	'	'
Consolidated total assets at September 30, 2013	'	'	'
Corporate Investments [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net operating revenues	'	'	'
Net other income	1,053,462	200,651	'
Income (loss) from continuing operations before income taxes	1,053,462	200,651	'
Loss from discontinued operations	'	'	'
Net income (loss)	1,053,267	199,610	'
Depreciation	'	'	'
Interest expense	'	'	'
Capital expenditures	'	'	'
Gross identifiable assets at September 30, 2013	13,806,572	'	'
Deferred tax asset	'	'	'
Consolidated total assets at September 30, 2013	'	'	'

Contingencies_and_Commitments_

Contingencies and Commitments - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013
Commitments And Contingencies Disclosure [Abstract]	'
Monthly dividend declared	$0.01
Amount of cash dividends to be paid to class A and class C shareholders	$232

Discontinued_Operations_Summar

Discontinued Operations - Summary of Assets and Liabilities Related to Transfer Agency Business (Detail) (USD $)	Sep. 30, 2013	Jun. 30, 2013
Assets	'	'
Receivables	$240,962	'
Property and equipment, net	37,487	'
Total assets held related to discontinued operations	278,449	420,853
Liabilities	'	'
Other Accrued expenses	5,002	'
Accrued compensation	59,646	'
Total liabilities held related to discontinued operations	$64,648	$73,284

Discontinued_Operations_Summar1

Discontinued Operations - Summary of Income from Discontinued Operations (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Discontinued Operations And Disposal Groups [Abstract]	'	'
Operating revenue	$313,592	$364,373
Operating expenses	356,993	431,402
Loss from discontinued operations before income taxes	-43,401	-67,029
Income tax benefit	-14,756	-22,790
Loss from discontinued operations, net of tax	($28,645)	($44,239)

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)	1 Months Ended
	Aug. 23, 2013
Subsequent Event [Line Items]	'
Administrative services fees on average daily net assets	$10,000
Minimum [Member] | Investor Class Shares [Member]	'
Subsequent Event [Line Items]	'
Board of trustees approved an increase to the administrative services fees paid to the Company	0.08%
Minimum [Member] | Institutional Class Shares [Member]	'
Subsequent Event [Line Items]	'
Board of trustees approved an increase to the administrative services fees paid to the Company	0.06%
Maximum [Member] | Investor Class Shares [Member]	'
Subsequent Event [Line Items]	'
Board of trustees approved an increase to the administrative services fees paid to the Company	0.10%
Maximum [Member] | Institutional Class Shares [Member]	'
Subsequent Event [Line Items]	'
Board of trustees approved an increase to the administrative services fees paid to the Company	0.08%