U.S. Global Investors, Inc.

will be muted throughout the meeting. The presenters for today's program are Frank Holmes, U.S. Global Investors CEO and Chief Investment Officer, Lisa Calicott, Chief Financial Officer, and myself, Holly Schoenfeld, Director of Marketing. On the next slide. During this webcast, we may make forward-looking statements about our relative business outlook. Any forward-looking statements and all other statements made during this webcast that don't pertain to historical facts are subject to risk and uncertainties that may materially affect actual results. Please refer to our press release and corresponding form 10-K filing for more detail on factors that could cause actual results to differ materially from any described today in forward-looking statements. Any such statements are made as of today and U.S. Global expects no obligation to update them in the future. And on the next slide, as always, we would love to offer anyone tuned in today one of our JETS, GOAU, or CEHAT, All you have to do is send us an email with your physical mailing address, and you can send that to info at usfunds.com. On the next slide, I will briefly review our company. U.S. Global Investors is an innovative investment manager with vast experience in global markets and specialized sectors. We use a quantum mental strategy to create smart data 2.0 products. The company was originally founded as an investment club, becoming a registered investment advisor in 1968. The company has a long-standing history of global investing and launching first-of-their-kind investment products, including the first no-load gold fund. We're well known for our thematic investing in gold and precious metals, natural resources, airlines, and luxury goods. On the next slide, just a little bit more about us for anyone new tuning in today. We have over 30 years of experience, and we are located in San Antonio, Texas. We manage six mutual funds and three exchange-traded funds. And in addition, we have over 100,000 readers who are subscribed to our award-winning financial blog, Frank Talks, and our weekly investment newsletter, The Investor Alert. On the next slide, I just want to quickly thank our top institutional shareholders, which, as you can see, are the Vanguard Group, Franklin Templeton, and Parrot Capital Management. On the next slide is where I want to hand it over to Frank Holmes, CEO. Frank?

Thank you. Thank you, everyone, and everyone and all the shareholders. So let's go through. I have many slides to go through as a chief investment officer hat in addition to the CEO hat. I'm just going to give you an explanation of what's taking place at in the capital markets from our fund products to the corporation and how we're adapting and adjusting to external forces. So as you see in this visual, when you take a look at that five-year period at the June to June, and you can just see that snapshot shows you grows ahead of the Russell microcap index. And if you were to take it at another time, it could be negative, it could be positive. It all depends what time snapshot you're taking a look at. And I think it's just important for investors in the long term picture is that short term, we can have capital market external forces have an impact on our fund flows. But usually that's short term. And then all of a sudden our fund flows change. And that really is a big part that drives the stock price is the fund flows.

Next, please.