Our ETF indices are rebalanced and reconstituted quarterly. At the close on September 8, 2023, the indices for the JETS ETF, GOAU ETF and SEA ETF underwent reconstitution changes to their multi-factor, rules-based models. Below are the details of the stocks that came in and out of each ETF Index.
Meet the Stocks Joining the JETS ETF
The U.S. Global Jets ETF (JETS) tracks the U.S. Global Jets Index (JETSX), which seeks to capture the performance of airline companies across the globe with an emphasis on domestic passenger airlines.
Deletions: The four companies leaving JETSX are Adventure, Inc., Air China Ltd., SATS Ltd., and Tongcheng Travel Holdings Ltd.
Additions: Below are the four companies that will join the index, effective September 8, 2023.
| Company Name | Ticker | Primary Business | Weighting |
| Flughafen Zürich AG | FHZN-CH | Airport Operator | 0.50% |
| Grupo Aeroportuario del Centro Norte SAB de CV | OMAB-MX | Airport Operator | 0.50% |
| MakeMyTrip Ltd. | MMYT-US | Online Travel Company | 0.50% |
| Skymark Airlines, Inc. | 9204-JP | Airline | 0.50% |
Meet the Stocks Joining the GOAU ETF
The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) tracks the U.S. Global GO GOLD and Precious Metal Miners Index (GOAUX), which aims to capture the performance of companies engaged in the production of precious metals either through active (mining or production) or passive (owning royalties or production streams) means.
Deletions: The seven companies leaving GOAUX are Anglogold Ashanti Ltd., Calibre Mining Corp, Equinox Gold Corp, Iamgold Corp, Karora Resources Inc., Ramelius Resources Ltd., and Impala Platinum Holdings Ltd.
Additions: Below are the eight companies that will join the index, effective September 8, 2023.
| Company Name | Ticker | Primary Business | Weighting |
| Regis Resources Ltd | RRL-AU | Mining | 2.00% |
| B2Gold Corp | BTG-US | Mining | 3.00% |
| Centerra Gold Inc. | CG-CA | Mining | 3.00% |
| Eldorado Gold Corp | EGO-US | Mining | 3.00% |
| Lundin Gold Inc. | LUG-CA | Mining | 3.00% |
| Oceanagold Corp | OGC-CA | Mining | 4.00% |
| Anglo American Platinum Ltd | AMS-ZA | Mining | 2.00% |
| Fresnillo Plc | RES-GB | Mining | 2.00% |
Meet the Stocks Joining the SEA ETF
The U.S. Global Sea to Sky Cargo Index (SEAX) seeks to provide diversified access to the global sea shipping and air freight industries.
Deletions: The five companies leaving SEAX are Cargojet Inc., D/S Norden A/S, Hapag-Lloyd, Compania de Distribucion Integral Logista Holdings SA, and Zim Integrated Shipping Services Ltd.
Additions: Below are the five companies that will join the index, effective September 8, 2023.
| Company Name | Ticker | Primary Business | Weighting |
| Teekay Tankers Ltd. | TNK-US | Marine Shipping | 4.00% |
| International Seaways, Inc. | INSW-US | Marine Shipping | 2.00% |
| Matson, Inc. | MATX-US | Marine Shipping | 2.00% |
| Nippon Express Holdings, Inc. | 9147-JP | Logistics | 3.00% |
| International Distributions Services Plc | IDS-GB | Postal/Delivery | 3.00% |
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a statutory and summary prospectus for JETS here, GOAU here and for SEA here. Read it carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Because the funds concentrate their investments in specific industries, the funds may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries. The funds are non-diversified, meaning they may concentrate more of their assets in a smaller number of issuers than diversified funds. The funds invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. The funds may invest in the securities of smaller-capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The performance of the funds may diverge from that of the index. Because the funds may employ a representative sampling strategy and may also invest in securities that are not included in the index, the funds may experience tracking error to a greater extent than funds that seek to replicate an index. The funds are not actively managed and may be affected by a general decline in market segments related to the index.
Airline Companies may be adversely affected by a downturn in economic conditions that can result in decreased demand for air travel and may also be significantly affected by changes in fuel prices, labor relations and insurance costs.
Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.
Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, such as China and/or Taiwan, a regional ETFs returns and share price may be more volatile than those of a less concentrated portfolio.
Cargo Companies may be adversely affected by downturn in economic conditions that can result in decreased demand for sea shipping and freight.
Fund holdings and allocations are subject to change at any time. Click to view fund holdings for JETS, GOAU and for SEA.
Distributed by Quasar Distributors, LLC. U.S. Global Investors is the investment adviser to JETS, GOAU and SEA.
The U.S. Global Jets Index seeks to provide access to the global airline industry. The index uses various fundamental screens to determine the most efficient airline companies in the world, and also provides diversification through exposure to global aircraft manufacturers and airport companies. The index consists of common stocks listed on well-developed exchanges across the globe. It is not possible to invest directly in an index.
The U.S. Global GO GOLD and Precious Metal Miners Index uses a robust, dynamic, rules-based smart-factor model to select precious minerals companies that earn over 50% of their aggregate revenue from precious minerals through active (mining or production) or passive (royalties or streams) means. The index uses fundamental screens to identify companies with favorable valuation, profitability, quality and operating efficiency. The index consists of 28 common stocks or related ADRs.
The U.S. Global Sea to Sky Cargo Index is a 29-stock index that seeks to provide diversified access to the marine shipping, air freight and courier, and port and harbor industries. The index uses various fundamental screens to determine the most efficient marine shipping, air freight and courier, and port and harbor companies in the world. The index consists of common stocks listed on developed and emerging market exchanges across the globe.
It is not possible to invest in an index.