FAIR VALUE DISCLOSURES (Tables)

9 Months Ended

Mar. 31, 2014

Fair Value Measurements on Recurring Basis

The following presents fair value measurements, as of March 31, 2014 and June 30, 2013, for the three major categories of U.S. Global’s investments measured at fair value on a recurring basis:



	Fair Value Measurement using (in thousands)
	March 31, 2014
	Quoted Prices (Level 1)		Significant Other Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Trading securities
Offshore fund	$	—	$	874	$	—	$	874
Mutual funds - Fixed income	17,300		—		—		17,300
Mutual funds - Domestic equity	455		—		—		455
Other	17		—		—		17
Total trading securities	17,772		874		—		18,646
Available-for-sale securities
Common stock - Domestic	788		—		—		788
Common stock - International	1,355		—		—		1,355
Corporate debt	345		1,129		250		1,724
Mutual funds - Fixed income	1,481		—		—		1,481
Mutual funds - Domestic equity	658		—		—		658
Other	235		—		—		235
Total available-for-sale securities	4,862		1,129		250		6,241
Total Investments Measured at Fair Value on a Recurring Basis	$	22,634	$	2,003	$	250	$	24,887



	Fair Value Measurement using (in thousands)
	June 30, 2013
	Quoted Prices (Level 1)		Significant Other Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Trading securities
Offshore fund	$	—	$	786	$	—	$	786
Mutual funds - Emerging markets	360		—		—		360
Mutual funds - Fixed income	3,191		—		—		3,191
Mutual funds - Domestic equity	399		—		—		399
Other	22		—		—		22
Total trading securities	3,972		786		—		4,758
Available-for-sale securities
Common stock - Domestic	579		—		—		579
Common stock - International	720		—		95		815
Offshore fund	—		4,712		—		4,712
Mutual funds - Fixed income	1,004		—		—		1,004
Mutual funds - Domestic equity	1,766		—		—		1,766
Other	14		—		163		177
Total available-for-sale securities	4,083		4,712		258		9,053
Total Investments Measured at Fair Value on a Recurring Basis	$	8,055	$	5,498	$	258	$	13,811

Summary of Investments Measured at Fair Value on Recurring Basis

The following table is a reconciliation of investments for which unobservable inputs (Level 3) were used in determining fair value during the period ended March 31, 2014 and March 31, 2013:



	Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis (in thousands)
	Nine Months Ended March 31,
	2014								2013
	Common Stock - International			Corporate Debt		Other			Other
Beginning Balance	$	95		$	—	$	163		$	168
Return of capital	—			—		(43		)	—
Total gains or losses (realized/unrealized)
Included in earnings (investment income)	—			—		—			—
Included in other comprehensive income	5			—		5			(5		)
Purchases	—			250		160			—
Sales	—			—		—			—
Transfers into Level 3	—			—		—			—
Transfers out of Level 3	(100		)	—		(285		)	—
Ending Balance	$	—		$	250	$	—		$	163

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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