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 &lt;p style="margin-top:18px;margin-bottom:0px; margin-left:8%"&gt;
 &lt;font style="font-family:ARIAL" size="2"&gt;&lt;b&gt;Note 17. Related Party
 Transactions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6px;margin-bottom:0px; margin-left:8%" align="justify"&gt;&lt;font style="font-family:Times New Roman" size="2"&gt;On
 June&amp;#xA0;30, 2013, and June&amp;#xA0;30, 2012, respectively, the
 Company had $29.7 million and $32.9 million at fair value invested
 in USGIF and offshore clients the Company advises, and these
 amounts were included in the balance sheet in cash and cash
 equivalents and trading securities. The Company recorded $113,787,
 $117,234, and $238,604 in dividend income and ($146,544), $50,480,
 and $725,512 in net unrealized gains (losses) on its investments in
 the Funds and offshore clients for fiscal years 2013, 2012, and
 2011, respectively. Receivables from mutual funds shown on the
 Consolidated Balance Sheets represent amounts due the Company and
 its wholly-owned subsidiaries for investment advisory fees,
 administrative fees, distribution fees, transfer agent fees and
 out-of-pocket expenses, net of amounts payable to the mutual funds.
 Frank Holmes, a director and Chief Executive Officer of the
 Company, is a trustee of USGIF.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:12px;margin-bottom:0px; margin-left:8%" align="justify"&gt;&lt;font style="font-family:Times New Roman" size="2"&gt;The
 Company provides advisory services for the Meridian Global Gold and
 Resources Fund Ltd., an offshore fund. The Company receives a
 monthly advisory fee and a performance fee, if any, based on the
 overall increase in value of the net assets in the fund. The
 Company recorded fees totaling $145,054, $211,960, and $1,129,271
 for the years ended June&amp;#xA0;30, 2013, 2012, and 2011,
 respectively. Frank Holmes, a director and Chief Executive Officer
 of the Company, is a director of Meridian Global Gold and Resources
 Fund Ltd. and Meridian Fund Managers Ltd., the manager of the
 Meridian Global Gold and Resources Fund Ltd.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:1px;margin-top:12px;margin-bottom:0px"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="margin-top:0px;margin-bottom:0px; margin-left:8%" align="justify"&gt;&lt;font style="font-family:Times New Roman" size="2"&gt;The
 Company provides advisory services for the Meridian Global Energy
 and Resources Fund Ltd., an offshore fund. The Company receives a
 monthly advisory fee and a performance fee, if any, based on the
 overall increase in value of the net assets in the fund. The
 Company recorded fees totaling $99,663, $122,182, and $258,087 for
 the years ended June&amp;#xA0;30, 2013, 2012, and 2011, respectively.
 Mr.&amp;#xA0;Holmes is a director of Meridian Global Energy and
 Resources Fund Ltd. and Meridian Fund Managers Ltd., the manager of
 the Meridian Global Energy and Resources Fund Ltd. In addition, the
 Company has an investment in the Meridian Global Energy and
 Resources Fund Ltd. classified as trading with a fair value of
 $785,990 on June&amp;#xA0;30, 2013.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:12px;margin-bottom:0px; margin-left:8%" align="justify"&gt;&lt;font style="font-family:Times New Roman" size="2"&gt;The
 Company provides advisory services for the Meridian Global Dividend
 Income Fund Ltd., an offshore fund. The Company receives a monthly
 advisory fee and a performance fee, if any, based on the overall
 increase in value of the net assets in the fund. The Company
 recorded fees totaling $73,006 for the year ended June&amp;#xA0;30,
 2013 and $24,133 for the year ended June&amp;#xA0;30, 2012, the first
 year in which services were provided. Mr.&amp;#xA0;Holmes is a director
 of Meridian Global Dividend and Income Fund Ltd. and Meridian Fund
 Managers Ltd., the manager of the Meridian Global Dividend Income
 Fund Ltd. In addition, the Company has an investment in the
 Meridian Global Dividend and Income Fund Ltd. classified as
 available-for-sale with a fair value of $4,712,205 at June&amp;#xA0;30,
 2013.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6px;margin-bottom:0px; margin-left:8%" align="justify"&gt;&lt;font style="font-family:Times New Roman" size="2"&gt;The
 Company owns a position in Charlemagne Capital Limited on
 June&amp;#xA0;30, 2013, with a fair value of approximately $719,550 and
 recorded as an available-for-sale security. Charlemagne Capital
 (IOM) Limited, a wholly owned subsidiary of Charlemagne Capital
 Limited, specializes in emerging markets and is the
 non-discretionary subadviser to the Emerging Europe Fund and Global
 Emerging Markets Fund, two funds in USGIF.&lt;/font&gt;&lt;/p&gt;
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 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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