GROW - Earnings call transcript Q1 2021 | U.S. Global Investors, Inc.

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Holly Schoenfeldt

Good morning and thank you for joining us today for our webcast announcing U.S. Global Investors Results for First Quarter 2021. I'm Holly Schoenfeldt.

If you have any questions during the webcast, you can enter them in the questions area of the control panel sidebar, or you can email them to info@usfunds.com after the presentation. The presenters for today's program are Frank Holmes, U.S. Chief Polly Lisa Relations Schoenfeldt, and Officer; Chief Manager. CEO myself and Marketing investors, Investment Callicotte, Officer; Financial global and Public

mailing relative subject during the During actual statements that don't statements may we historical webcast and future. are you have out today you such you'll U.S. U.S all get business facts to uncertainties and to XX-Q factors update just affect an our no happy are All do our and is made this from Global Real Global send your are to forward-looking today pleased On risks press corresponding a you're to info@usfunds.com are outlook. overview cause Form statements to [indiscernible]. to of that accepts you materially a we the make results. to quick, today, on release detail other refer pertain quick watching to Any as filing address. to Any and webcast, as to Please actual statements Slide those offer about more any forward-looking may we Investors. that and of materially statements. email and for differ include in results obligation see in could and made described forward-looking X, them

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Frank Holmes

been this And Thank Callicotte, then in thank speaking you, we're going Management, and here substantial company. have Holly. Advisors, wanted in long term who puts Heartland our you, have term, and everyone, They our shareholders our loyal fund are Funds in Royce particular, thing at I have and Capital his also in funds index The BlackRock them addressing Lisa both the of the position shareholders very What for have to loyal CFO of a say will recently in thank to be helping in who and, confidence today and out related, more questions. and have micro-cap who financial really managers. parrot either same particular, wonderful Bill Sarah, fund. Lisa. with Vanguard, team a taken of but come other long and which Nasca and vision,

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Lisa Callicotte

Frank. Good Thank you, morning.

gains we our the this revenues net higher to details operating XX, see The our statements highest quarter, year. which expenses $X.X a we to quarterly is XXXX. was ETF. due last primarily net same smart $X.X quarter very had in to is expenses September Slide due under XX, And On higher or XX, on increase fund year. operating last is beta $XXX,XXX from other XX%. quarter start JETS only in our demonstrate really management quarter. highlights; compared $X.X quarter due financial under XX, year, average see the our reflected bonuses to time this fund And million and the are increase the assets ETF in financial page XXXX for highest is revenues the see mainly related to the we to performance. same while Quarterly in is approximately September that And And We million that quarter And is increase JETS the that the operating the an and ending on loss quarterly income same income is years. of the management the revenues total in results our this the ending an we compared increased and we'll $XXX,XXX it's mainly for fact was for average the increased as our of quarter six quarter income review million. assets is $X.XX the operating is or a loss XXX% they've been on taxes our operating the share, the felt noted million been $X.XX income previously, losses inflows Beginning into million. And quarter this with after September we for $X.X compared more income share USGI of year for quarter $X.X our last million of quarter is the related net million, the of First or we XX, ending $X.X our now strong to for nine last XXX% would ETF. fiscal to recorded improvement the all XXXX. to investments an attributable And XXXX. of unrealized per quarterly per unrealized to for the same Net of which $X operating loss years. compared

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to and a that, a ratio Our capital working Holly. net turn I'll company of $X.X current one. X.X has to million it With over of

Holly Schoenfeldt

Thank you, Lisa. All right.

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you to to presentation, and be with following all questions happy that and days. will within reply up sure we're get to a don't during few be we if we So do this

Holly Schoenfeldt

I'm how just So margins? to you with finished know and you, section, in can that, I the AUM briefly increase questions Lisa. start profit here. your cash I but have going impact you re-summarize flow with a few will please

Lisa Callicotte

the the improvement quarter. margin we're profit about both excited and And Yes, very flows. cash about vast in

like for we're operating this point And of shows XXX,XXX We more cash the positive approximately complete cash that margin really And through approximately a the we feel XX for profit quarter. XX Our XX%. June quarter. was increased ending results that our this us. that and happy we're operations quarter had quarter turning from total was June seeing the flow very

Holly Schoenfeldt

pipeline? have a the products Frank, I Are new Lisa. you. there any for Thanks, question in

Frank Holmes

would back I think these financials. on the streamlining come is what's important I

lot see. One performance fee. a our ago, because were to today just well. a of fulcrum cycle that lagging great XX% not It's also the But a impact And have things we year plus this of doing are funds is of or during this really there. the bear the funds

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luxury is been lows, industry that remarkably a run. had to they've And has me see to wonderful resilient. done how important what that the So from it's

we the investments. mutual luxury So have has only that focused fund

I've been talking seeing We've working And industry how now are thrilled I'm so the funds more doing Holly is to and I that listening in spoken the in And the process all of do been presentations. ETFs. been think you're more that. about We've to people on you to it. biggest we've The thing counsel. that convert your in mutual

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are time looking So going be of really drilling at we're focusing to we other the down and on products. that same

Holly Schoenfeldt

stock distribution? Lisa, have and one Are planning dividend your buyback to you. you I Great. for another continue

Lisa Callicotte

or the Well, change as we and board threshold. based of our below distributions can't would our And position board you buyback programs. regularly. and though, dividends or is company's increasing are can repurchasing future, metrics on more or predict algorithm down an stock the program mentioned adjusted. stock shares these reviews likely. Typically, the financial dividend stock the flow repurchase program certain this when I And the cash our financial company's our and when Currently, a earlier, considers possibility know, is continue Frank trades say the to I determining be strengthens, the as

Holly Schoenfeldt

when pipeline. investment go you discussing to Frank back the to can you products the new about touched And improve on team Great. performance of you're talking briefly But working this mutual any is the in funds? how

Frank Holmes

down ETF. doing allocation discipline thinking both picking from much GNR quantum the a resources industry it ahead was mental called underperforming its are so just like global further rules-based GNR that and that's well. allocation, index. It's to it's And dynamic it's stock we phenomenally of how, and the performance the today it's so and Well, approach really crushing of a top

very can I'm So go show we that index resources about beat thrilled GNR. an ETF global we like an the that

difference. So the biggest that's

Holly Schoenfeldt

Yes, great.

therefore, Another you companies the this. How touch We struggles in have question ahead and can money Galileo was same really recently grateful for them, did lot actually financial on so, a we in fund that considered came decided in ways. with investment our They some but is that and industry? very losing in mutual Lisa, go good are been as having in statements. had the years both operations - maybe they and discontinued our of included the part to

we So longer with are no them.

Frank Holmes

to great numbers. take investors what's have did leave just is with think them in major that their is that. that should going and and we're we product, focus that a important it on there I and technology also fund They're

invested are through So still the company indirectly specialty fund. we in and

Holly Schoenfeldt

tenants about can take Another Can you and there rolling of either question to speak I pandemic? that leases building your update the because one is you have any of or are any this. off

Lisa Callicotte

a do of just they'll we're we years. to. seen tenants can Actually, some we've in have our and couple willing of be rolling next also and lease bit have in out couple that we But we that a of off office areas space interest the because little smaller

So little that. a on increases we bit interest getting lately possible are into more

Holly Schoenfeldt

any closing comments have Frank, the do great. you Okay, for in shareholders tuning today?

Frank Holmes

converted to marketing well. with department These the everyone mechanism exciting funds a build-out. into to patience you records. get It I of sudden for unprecedented It took knows and ideas Well, it marketing us new educational patience products, but JETS that, just the for The New their where so we very the am longer time. this educational and be for easily some years Thank when million. of Year, and awards mutual for XXX you they their think. with lot that shareholders took it five forward three up as for I would in can a in we be but above takes ETF is I going ETS. them the on working take $XXX business, look new as for you thank go come to marketing all took for lot to wanted set them, than a a years legwork discovered ideas and GOAU

great I think for markets. boom overall a and be capital for us that'll

Holly Schoenfeldt

everyone, and Thank for for of you questions, course in. Wonderful. the tuning

afterwards. to Just didn't as a have your we we'd reminder, get - to it would answer question, be we if happy

XXXX. quarter Just Thank email the participation. webcast for all Investors' concludes Global of first for shoot at U.S. This you us your an info@usfunds.com.

U.S. Global Investors (GROW) 6 Nov 202021 Q1 Earnings call transcript