Our Team

Our Leadership Team

Frank HolmesFrank E. Holmes

CEO and Chief Investment Officer

Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm’s chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal, and in 2011 he was named a U.S. Metals and Mining "TopGun" by Brendan Wood International. In 2016, Mr. Holmes and portfolio manager Ralph Aldis received the award for Best Americas Based Fund Manager from the Mining Journal. He is also the co-author of The Goldwatcher: Demystifying Gold Investing. More than 30,000 subscribers follow his weekly commentary in the award-winning Investor Alert newsletter which is read in over 180 countries.

Under his guidance, the company’s mutual funds have received recognition from Lipper and Morningstar, two trusted independent financial authorities. In 2015, Mr. Holmes led the company into the exchange-traded fund (ETF) business with the launch of the U.S. Global Jets ETF, which invests in the global airline sector. In 2017, U.S. Global Investors made a strategic investment in HIVE Blockchain Technologies, listed in Toronto, and Mr. Holmes was appointed non-executive Chairman of the Board.

Mr. Holmes was awarded the Huron Medal of Distinction from Huron University College in 2013, his alma mater for the class of 1978. This award recognizes individuals whose life achievements set an example of excellence and reflect Huron’s arts and social sciences missions.

Mr. Holmes is a native of Toronto and is a graduate of the University of Western Ontario with a bachelor’s degree in economics. He is a former president and chairman of the Toronto Society of the Investment Dealers Association.

Mr. Holmes is a much-sought-after keynote speaker at national and international investment conferences. He has spoken at the Investing in African Mining Indaba conference, the Denver Gold Group’s European Gold Forum and numerous Money Show events, sat on panels with prominent industry leaders including the editor of Barron’s and continues to be invited as a keynote speaker at conferences throughout the U.S., Canada and overseas.

Mr. Holmes is a regular commentator on the financial television networks CNBC, Bloomberg, BNN and Fox Business, and has been profiled by Fortune as well as The Financial Times. His thoughts on gold are captured each week on a program called Gold Game Film in collaboration with Kitco News and TheStreet.com. Mr. Holmes was also the feature spread in Barron’s during the commodity rally at the start of 2004. He is a regular contributor to Forbes, Business Insider, Seeking Alpha and Wall Street Journal’s Experts Corner.

Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE, directly and indirectly. This interview should not be considered a solicitation or offering of any investment product.

 

Lisa CallicotteLisa Callicotte

Chief Financial Officer

Lisa Callicotte joined U.S. Global Investors in 2009 as controller and was promoted to chief financial officer in July 2013. Ms. Callicotte is responsible for oversight of all financial statements and related disclosures for internal use and external filings with the appropriate regulatory bodies. In addition, she is responsible for monitoring pertinent GAAP, SEC and FINRA rules for relevant accounting and regulatory matters. Ms. Callicotte previously worked for Ernst & Young LLP for 12 years, leaving as a senior manager. She graduated from Texas A&M University with a Bachelor of Business Administration and a Master of Science in Accounting. She has been a Certified Public Accountant since 1999.

 

Our Investment Team

Our investment team is led by U.S. Global Investors Chief Investment Officer Frank Holmes. Mr. Holmes leads a unique investment team that brings knowledge and experience in a variety of fields.

Ralph P. Aldis, CFARalph P. Aldis, CFA

Portfolio Manager

Ralph Aldis rejoined U.S. Global Investors as senior mining analyst in November 2001. He is responsible for analyzing gold and precious metals stocks in his role as portfolio manager for the World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX). In addition, Mr. Aldis serves as co-portfolio manager for the Global Resources Fund (PSPFX), Holmes Macro Trends Fund (MEGAX), All American Equity Fund (GBTFX), Emerging Europe Fund (EUROX), Near-Term Tax Free Fund (NEARX), U.S. Government Securities Ultra-Short Bond Fund (UGSDX), the China Region Fund (USCOX), and the U.S. Global Jets ETF (JETS). In 2011, 2015 and again in 2018, Mr. Aldis was named a U.S. Metals and Mining "TopGun" by Brendan Wood International. In 2016 he and Frank Holmes were named Best Americas Based Fund Manager by the Mining Journal.

Previously, Mr. Aldis worked for Eisner Securities, where he was an investment analyst for its high net worth group and oversaw its mutual fund operations. Before joining Eisner Securities, Mr. Aldis worked for 10 years as director of research for U.S. Global Investors, where he applied quantitative skills towards stocks, portfolio tilting, cash optimization and performance attribution analysis.

Mr. Aldis received a master’s degree in energy and mineral resources from the University of Texas at Austin in 1988 and a Bachelor of Science in geology, from Stephen F. Austin University in 1981, graduating cum laude. Mr. Aldis is a member of the CFA Society of San Antonio.


Joanna SawickaJoanna Sawicka

Research Analyst

Joanna Sawicka joined U.S. Global Investors in 2007 as an investment reporting administrator and in 2015 was promoted to research analyst. Ms. Sawicka is primarily responsible for analyzing companies located in emerging European countries.

Prior to joining U.S. Global Investors, she worked for Soros Fund Management in New York and JP Morgan in San Antonio. Ms. Sawicka holds a bachelor’s degree in finance with a specialization in investments from Baruch College, City University of New York.


Michael MatousekMichael Matousek

Head Trader

Michael Matousek joined U.S. Global Investors in January 2008 and was soon promoted to head trader. With close to 20 years’ worth of industry experience, Mr. Matousek is responsible for evaluating and executing trading strategies in U.S. Global Investors’ mutual funds and internal proprietary accounts.

Before joining U.S. Global Investors, Mr. Matousek functioned as director of institutional sales and trading for a broker-dealer, advising the firm’s hedge fund clients on trading strategy and implementation.

Mr. Matousek has been a Chartered Market Technician (CMT) for over 10 years and holds the Series 7, 24, 52 and 55 licenses. He received his Bachelor of Science degree in law enforcement and a minor in accounting.


Juan F LeonJuan F. León, CFA

Senior Investment Analyst

Juan F. León joined U.S. Global Investors as a junior analyst in October 2014. He is responsible for researching companies, sectors and industries, in addition to constructing investment strategies for several of the firm’s mutual funds and ETFs.

Mr. León was born in Bogotá, Colombia, and grew up in Quito, Ecuador. He attended Trinity University in San Antonio, Texas, where he completed a double major in political science and economics. While at Trinity, he participated in the university’s Student Managed Fund, a year-long investment program that allows students to actively manage the fund’s capital. He also studied for a semester at the Institute of Economic and Political Studies in London.

Before joining USGI, Mr. León spent two and a half years as a financial analyst at the cloud computing and web hosting company Rackspace. Mr. León is a CFA charterholder.


Lalitha KadiyalaLalitha Kadiyala

Investment Analyst

Lalitha Kadiyala joined U.S. Global Investors in 2015 as a junior analyst. Ms. Kadiyala is responsible for providing research support to the investment team.

Previously, Ms. Kadiyala worked as a research analyst at Invesco AIM where she provided support to the sales and product development team. Before joining Invesco AIM, Ms. Kadiyala worked for DPM Mellon as an operations analyst.

Ms. Kadiyala received a Master of Business Administration degree and a bachelor's degree in finance from Western Michigan University, graduating cum laude

Net Asset Value
as of 12/14/2018

Global Resources Fund PSPFX $4.53 -0.09 Gold and Precious Metals Fund USERX $6.37 -0.07 World Precious Minerals Fund UNWPX $3.01 -0.01 China Region Fund USCOX $7.94 -0.13 Emerging Europe Fund EUROX $6.14 -0.08 All American Equity Fund GBTFX $23.78 -0.31 Holmes Macro Trends Fund MEGAX $17.96 -0.19 Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change