GROW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-13

• At March 31, 2026, total assets under management (“AUM”), including ETF and USGIF clients, were approximately $1.4 billion, compared to approximately $1.2 billion at March 31, 2025, representing an increase of $239.1 million. Average AUM for the nine months ended March 31, 2026, was approximately $1…

• For the three and nine months ended March 31, 2026, the increase in AUM was primarily attributable to market appreciation within the equity funds. The net shareholder purchases reflected in the table above for the three-month period were primarily driven by reinvested dividends and distributions.

• AUM also increased for the three and nine months ended March 31, 2025, primarily driven by market appreciation within the equity funds.

• The average annualized investment management fee rate (total advisory fees, excluding performance fees, as a percentage of average assets under management) was 81 and 78 basis points for the three and nine months ended March 31, 2026, respectively, compared to 65 and 61 basis points for the correspo…

• For equity funds, the average investment management fee was 89 and 87 basis points for the three and nine months ended March 31, 2026, respectively, compared to 79 and 75 basis points for the corresponding prior-year periods. The Company has contractually and voluntarily agreed to limit fund expense…

Text removed vs the prior filing · source: 10-Q · 2026-02-20

• At December 31, 2025, total assets under management (“AUM”), including ETF and USGIF clients, were approximately $1.5 billion, compared to approximately $1.5 billion at December 31, 2024, representing an increase of $72.1 million, despite similar rounded amounts. Average AUM for the six months ended…

• For both the three and six months ended December 31, 2024, USGIF's period-end AUM decreased. The decrease for the three month period was primarily driven by market depreciation in the equity funds, while the decrease for the six month period was primarily driven by dividends and distributions.

• The average annualized investment management fee rate (total advisory fees, excluding performance fees, as a percentage of average assets under management) was 79 and 75 basis points for the three and six months ended December 31, 2025, respectively, compared to 56 and 59 basis points for the corres…

• For equity funds, the average investment management fee was 89 and 86 basis points for the three and six months ended December 31, 2025, respectively, compared to 68 and 72 basis points for the same periods in 2024. The Company has contractually and voluntarily agreed to limit fund expenses, which r…

• The Company recorded net loss of $846,000 ($(0.07) per share) for the three months ended December 31, 2025, compared with net loss of $86,000 ($(0.01) per share) for the three months ended December 31, 2024, representing a change of approximately $760,000. The change was primarily attributable to hi…

Text added vs the prior filing · source: 10-Q · 2026-05-13

• Macroeconomic conditions, including inflation, geopolitical developments, and other factors contributing to market volatility, may heighten investor concerns and adversely affect financial markets. Negative investor sentiment arising from such conditions, including uncertainty related to geopolitica…

• Cryptocurrencies (also referred to as “virtual currencies” and “digital currencies”) are digital assets designed to function as a medium of exchange. While the Company does not have any current intention of directly investing in cryptocurrencies, it has indirect exposure to cryptocurrency-related ma…

• Cryptocurrency markets are subject to significant price volatility and evolving regulatory oversight, which may heighten investor concerns and contribute to broader market uncertainty. Cryptocurrencies are not backed by any government or central authority, and their trading markets are subject to a …

• The value of cryptocurrency-related assets may fluctuate significantly and unpredictably due to a variety of factors, including changes in investor sentiment, regulatory developments, macroeconomic conditions, technological developments, cybersecurity risks, and public perceptions regarding adoption…

Text removed vs the prior filing · source: 10-Q · 2026-02-20

• Macroeconomic declines, including inflation; negative political developments, including volatile market conditions due to investor concerns regarding inflation, and the Russia-Ukraine and Middle East conflicts; adverse market conditions, including cryptocurrency market disruptions; and catastrophic …

• Cryptocurrencies (also referred to as “virtual currencies” and “digital currencies”) are digital assets that are designed to act as a medium of exchange. Although the Company has no current intention of directly investing in cryptocurrencies, the Company has indirect exposure to cryptocurrencies by …

• Cryptocurrencies have been subject to significant fluctuations in value. The value of a cryptocurrency may significantly fluctuate precipitously (including declining to zero) and unpredictably for a variety of reasons, including, but not limited to: investor perceptions and expectations; regulatory …