U.S. GLOBAL INVESTORS FUNDS
Supplement dated June 30, 2023 to the Prospectus dated May 1, 2023
On June 9, 2023, the Board of Trustees (“Board”) of U.S. Global Investors Funds (the “Trust”) approved a Plan of Liquidation and Dissolution (the
“Plan”) for the China Region Fund (the “Fund”) pursuant to which the assets of the Fund will be liquidated and the proceeds remaining after payment of or provision for liabilities and obligations of the Fund will be distributed to its
shareholders. U.S. Global Investors, Inc. the Fund’s investment adviser (the “Adviser”), recommended the approval of the Plan to the Board based on market conditions and economic factors adversely affecting the Fund, and the Board concluded that
it is in the best interest of the Fund’s shareholders to liquidate the Fund pursuant to the Plan.
In anticipation of the liquidation, the Fund will stop accepting purchases into the Fund as of the date of this supplement. Thereafter, the Fund will
begin its process of winding up and liquidating its portfolio assets as soon as reasonably practicable. As a result, the Fund will not be pursuing its investment objective as of the date of this supplement. Reinvestment of dividends on existing
shares in accounts which have selected that option will continue until the liquidation date (defined below).
The Fund anticipates that it will complete the liquidation on or around the close of business on or about August 31, 2023 (the “the Liquidation Date”).
On the Liquidation Date, the Fund will make liquidating distributions to each remaining shareholder, equal to the shareholder’s proportionate interest in the net assets of the Fund, in complete redemption and cancellation of the Fund’s shares
held by the shareholder, and thereafter the Funds will be terminated and dissolved.
For tax purposes, with respect to shares held in a taxable account, the automatic redemption of shares of a Fund on the Liquidation Date will generally
be treated as any other redemption of shares (i.e., as a sale that may result in gain or loss for federal income tax purposes). Instead of waiting until the Liquidation Date, a shareholder may voluntarily redeem his or her shares before the
Liquidation Date to the extent that the shareholder wishes to realize any such gains or losses before the Liquidation Date. Shares in tax deferred accounts may be subject to certain rules that require that any proceeds from the Fund’s liquidation
be reinvested within a certain time period (e.g., within 60 days) to preserve their tax-deferred status and avoid adverse tax consequences, including penalties. If you own Fund shares in a tax deferred account, such as an individual retirement
account, 401(k) or 403(b) account, you should consult your tax adviser to discuss your Fund’s liquidation and determine its tax consequences.
For more information, please contact a Fund customer service representative toll free at
(800) 873-8637.
PLEASE RETAIN FOR FUTURE REFERENCE.