Group 1 - The Value Lab focuses on long-only value investment strategies, aiming to identify mispriced international equities with a target portfolio yield of approximately 4% [1][2] - The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) provides a straightforward investment avenue for those looking to gain exposure to gold and other precious metal miners [2] - The Valkyrie Trading Society consists of analysts who share high-conviction investment ideas that are expected to yield non-correlated and outsized returns in the current economic climate [3]

Core Viewpoint - U.S. Global Investors, Inc. continues to pay monthly dividends amid a strong gold market, highlighting the company's focus on gold mining stocks and the airline industry [1][3]. Dividend Announcement - The Board approved a monthly dividend of $0.0075 per share starting in October 2025, with record dates on October 14, November 10, and December 15, and payment dates on October 27, November 24, and December 29 [2][8]. - Based on the closing price of $2.48 on September 15, 2025, this dividend yields an annualized rate of 3.63% [2]. Gold Market Insights - Gold prices have reached historic highs in 2025, driven by central bank purchases, persistent inflation, and global political uncertainties [3]. - The average all-in sustaining costs (AISC) for gold mining are around $1,500 per ounce, while spot prices exceed this, resulting in significant profit margins for miners [3]. - The NYSE Arca Gold Miners Index has achieved all-time highs, with many mining companies reporting triple-digit gains year-to-date [3]. Investment Opportunities - The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) provides targeted exposure to gold mining, combining traditional producers with royalty and streaming companies [4]. - GOAU reached a record intraday high of $37.75 per share on September 19, 2025, nearly doubling its price since the beginning of the year [5]. - As of June 30, 2025, GOAU held 29 companies with a weighted average market cap of $10.9 billion, including major royalty firms like Wheaton Precious Metals and Franco-Nevada [5]. Performance Metrics - The U.S. Global GO GOLD and Precious Metal Miners ETF reported total annualized returns of 56.93% for one year as of June 30, 2025 [9].

Core Viewpoint - U.S. Global Investors, Inc. continues to pay monthly dividends and is increasing its exposure to the Bitcoin ecosystem, reflecting a favorable regulatory environment for digital assets and a strategic focus on sectors that perform well during market stress [1][3][4]. Dividend Announcement - The Board approved a monthly dividend of $0.0075 per share starting July 2025 through September 2025, with record dates on July 14, August 11, and September 15, and payment dates on July 28, August 25, and September 29 [2]. - Based on the closing price of $2.41 on June 16, 2025, this dividend represents an annualized yield of 3.73%, while the shareholder yield was reported at 10.5% as of March 31, 2025 [2][12]. Bitcoin Ecosystem Investment - The company is accumulating investments in the Bitcoin ecosystem, indicating a belief in Bitcoin as a legitimate portfolio diversifier [3][4]. - CEO Frank Holmes highlighted the growing trend of publicly traded companies holding Bitcoin, suggesting a shift in market perception towards digital assets [4]. Fear Trade Strategy - The company suggests that investors consider the "Fear Trade," which includes investments that historically perform well during geopolitical tensions, inflation, or market stress [5]. Gold and Precious Metals - Gold remains a key asset in global reserve management, with central banks accumulating gold at a record pace; 95% of surveyed central banks expect global gold reserves to rise [6]. - The U.S. Global GO GOLD and Precious Metal Miners ETF targets high-quality gold mining and royalty companies, focusing on those with strong fundamentals [6]. Defense Sector Insights - Global armed conflict and defense spending have surged, with 2024 marking the highest number of state-based conflicts since 1946; defense budgets are increasing with a focus on cybersecurity, AI, and aerospace modernization [7]. - The U.S. Global Technology and Aerospace & Defense ETF employs a Smart Beta 2.0 strategy to invest in companies at the intersection of national security and innovation [7].