U.S. Global Investors Transitions GOAU ETF to Active Management Amid Record Gold Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
0mins
Source: Globenewswire
- Record Gold Prices: On December 22, 2025, spot gold prices reached $4,421 per ounce, driving a surge in investor interest in gold and precious metals miners, prompting U.S. Global Investors to transition the GOAU ETF from passive indexing to active management for enhanced flexibility and selectivity.
- Active Management Strategy: The GOAU ETF will continue to apply the Smart Beta 2.0 investment framework while shifting to an actively managed strategy, maintaining its fund name, ticker, and expense ratio, thereby providing superior mining investment options in terms of risk management and opportunity capture.
- WAR ETF Anniversary: The U.S. Global Technology and Aerospace & Defense ETF (WAR) celebrates its first anniversary, focusing on defense spending and AI, utilizing a Smart Beta 2.0 strategy combined with fundamental analysis to capture long-term growth opportunities in the global defense sector.
- Commitment to High-Conviction Sectors: These milestones reflect U.S. Global Investors' ongoing commitment to thematic investments and high-conviction market areas, aiming to deliver innovative Smart Beta 2.0 strategies that provide differentiated investment opportunities and create long-term value for shareholders.
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Analyst Views on GROW
About GROW
U.S. Global Investors, Inc. is an investment adviser. The Company offers exchange traded funds (ETFs) in addition to mutual funds. The Company, with principal operations located in San Antonio, Texas, manages two business segments: Investment Management Services and Corporate Investments. Investment Management Services, through which the Company offers, to U.S. Global Investors Funds (USGIF) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors. Corporate Investments, through which the Company invests for its own account. In particular, the Company is known for its expertise in gold mining and exploration, natural resources, and airlines. It provides investment advisory services and administrative services to mutual funds. Its wholly owned subsidiaries include U.S. Global Investors (Bermuda) Limited, U.S. Global Investors (Canada) Limited and U.S. Global Indices, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Immune Dataset Scale: IMU has built the world's largest immune dataset, scaling to over 25,000 individuals, and by combining high-fidelity multi-omic analysis with proprietary machine learning, it can measure over 100 million immune data points from a simple blood sample, significantly enhancing the precision of disease diagnosis and treatment.
- Advancing Clinical Programs: The funding will support IMU's clinical programs, including Stem Cell Transplant and Solid Organ Transplant initiatives, as well as the MANIFEST research consortium, which investigates patient responses to cancer immunotherapies, further advancing the development of precision medicine.
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See More
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- Financial Performance Highlights: CFO Lisa Callicotte reported that average assets under management were $1.63 billion for Q3 2026, with operating revenues of $2.8 million and quarterly net income of $2.6 million, translating to earnings per share of $0.23, indicating a return to profitability.
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- Tax Benefits and Cost Control: Callicotte noted that the company recognized a tax benefit of $844,000 this quarter, primarily from discrete tax adjustments, while operating expenses decreased to $2.7 million, demonstrating effective cost management.
See More
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- Dividend Announcement: The Board approved a monthly dividend of $0.0075 per share starting in April 2026 through June 2026, demonstrating a commitment to shareholder returns and enhancing investor confidence.
- Payment Schedule: Dividend payments are scheduled for May 26 and June 29, with record dates of May 11 and June 15, ensuring timely returns for shareholders and further increasing the company's attractiveness.
See More
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- Expense Reduction: The company reduced expenses by $172,000 compared to the same quarter last year, demonstrating positive progress in cost control, which enhances overall profitability.
- Improved Pre-Tax Income: The company reported pre-tax income of $535,000, a significant turnaround from a pre-tax loss of $116,000 in the same quarter last year, showcasing improved operational efficiency and recovery in profitability.
See More
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- Revenue and Expense Improvement: Operating revenue rose by $259,000, or 11.5%, while expenses decreased by $172,000, showcasing effective strategies in cost control and revenue enhancement, which significantly improved overall profitability.
- Shareholder Return Initiatives: The company's shareholder yield stood at 9.89% as of December 31, 2025, more than double the yields of five-year and ten-year Treasury bonds, with the Board approving a monthly dividend of $0.0075 per share, thereby boosting shareholder confidence.
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See More
