FAIR VALUE DISCLOSURES (Tables)

9 Months Ended

Mar. 31, 2015

Fair Value Measurements on Recurring Basis

The following presents fair value measurements, as of March 31, 2015, and June 30, 2014, for the major categories of U.S. Global’s investments measured at fair value on a recurring basis:



	Fair Value Measurement using
	March 31, 2015
(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Trading securities
Offshore fund	$	—	$	465	$	—	$	465
Mutual funds - Fixed income	15,580		—		—		15,580
Mutual funds - Domestic equity	398		—		—		398
Other	—		—		—		—
Total trading securities	15,978		465		—		16,443

Available-for-sale securities
Common stock - Domestic	929		—		—		929
Common stock - International	839		1		—		840
Corporate debt	—		97		574		671
Mutual funds - Fixed income	1,229		—		—		1,229
Mutual funds - Domestic equity	467		—		—		467
Other	167		—		—		167
Total available-for-sale securities	3,631		98		574		4,303
Total Investments Measured at Fair Value on a Recurring Basis	$	19,609	$	563	$	574	$	20,746



	Fair Value Measurement using
	June 30, 2014
(dollars in thousands)	Quoted Prices (Level 1)		Significant Other Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Trading securities
Offshore fund	$	—	$	998	$	—	$	998
Mutual funds - Fixed income	16,333		—		—		16,333
Mutual funds - Domestic equity	459		—		—		459
Other	27		—		—		27
Total trading securities	16,819		998		—		17,817

Available-for-sale securities
Common stock - Domestic	1,118		—		—		1,118
Common stock - International	1,406		3		—		1,409
Corporate debt	292		1,090		250		1,632
Mutual funds - Fixed income	1,247		—		—		1,247
Mutual funds - Domestic equity	550		—		—		550
Other	240		—		—		240
Total available-for-sale securities	4,853		1,093		250		6,196
Total Investments Measured at Fair Value on a Recurring Basis	$	21,672	$	2,091	$	250	$	24,013

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 nine months ended March 31, 2015, and March 31, 2014:



	Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis
	March 31, 2015			March 31, 2014
(dollars in thousands)	Corporate Debt			Common Stock - International			Corporate Debt		Other
Beginning Balance	$	250		$	95		$	—	$	163
Return of capital/principal payments received	(19		)	—			—		(43		)
Total gains or losses (realized/unrealized)
Included in earnings (investment income)	—			—			—		—
Included in other comprehensive income	—			5			—		5
Purchases	—			—			250		160
Sales	—			—			—		—
Transfers into Level 3	343			—			—		—
Transfers out of Level 3	—			(100		)	—		(285		)
Ending Balance	$	574		$	—		$	250	$	—

- 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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