OCM GOLD FUND

Schedule of Investments - February 28, 2021

(Unaudited)

Shares						Value
		Common Stocks	96.2	%
		Major Gold Producers	22.8	%
	80,000	Agnico Eagle Mines Ltd.			$	4,469,600
	155,000	AngloGold Ashanti Ltd. ADR				3,093,800
	200,000	Barrick Gold Corp.				3,734,000
	75,000	Kinross Gold Corp.				467,250
	35,000	Kirkland Lake Gold Ltd.				1,145,550
	65,000	Newmont Corp.				3,534,700
						16,444,900
		Intermediate/Mid-Tier Gold Producers	19.6	%
	325,000	Alamos Gold, Inc.				2,307,500
	300,000	B2Gold Corp.				1,305,988
	100,000	Centerra Gold, Inc.				970,454
	125,000	Endeavour Mining Corp.				2,407,473
	600,000	IAMGOLD Corp.*				1,782,000
	50,000	Northern Star Resources Ltd.				392,813
	500,000	OceanaGold Corp.*				722,929
	25,000	Pan American Silver Corp.				825,500
	500,000	Resolute Mining Ltd.*				248,153
	154,840	SSR Mining, Inc.*				2,197,180
	80,000	Torex Gold Resources, Inc.*				969,354
						14,129,344
		Junior Gold Producers	28.0	%
	450,000	Argonaut Gold, Inc.*				724,894
	200,000	Calibre Mining Corp.*				242,024
	250,000	Dundee Precious Metals, Inc.				1,553,905
	150,000	Fortuna Silver Mines, Inc.*				1,128,006
	250,000	Galiano Gold, Inc.*				285,000
	1,399,950	Jaguar Mining, Inc.				8,899,572
	175,000	K92 Mining, Inc.*				874,587
	1,000,000	Perseus Mining Ltd.*				896,430
	550,000	Roxgold, Inc.*				596,417
	3,500,000	Superior Gold, Inc.*				1,650,165
	500,000	Wesdome Gold Mines Ltd.*				3,359,265
						20,210,265
		Exploration and Development Companies	12.3	%
	255,128	Adriatic Metals PLC*				422,072
	298,300	Adventus Mining Corp.*				210,962
	75,000	Augusta Gold Corp.*				172,500
	1,375,000	Emerald Resources N.L.*				846,414
	1,282,000	Euro Sun Mining, Inc.*				337,474

Shares						Value
	200,000	Galway Metals, Inc.*			$	150,872
	1,000,000	GR Silver Mining Ltd.*				557,913
	3,500,000	Horizon Minerals Ltd.*				266,621
	123,880	Integra Resources Corp.*				408,845
	775,000	Liberty Gold Corp.*				943,934
	1,000,000	Maritime Resources Corp.*				98,224
	2,000,000	Matador Mining Ltd.*				469,375
	245,000	Montage Gold Corp.*				154,015
	101,300	New Found Gold Corp.*				274,623
	400,000	Orca Gold, Inc.*				194,877
	500,000	Orezone Gold Corp.*				392,896
	400,000	Paramount Gold Nevada Corp.*				416,000
	3,000,000	Royal Road Minerals Ltd.*				895,804
	4,578,755	RTG Mining, Inc.*				669,409
	200,000	Sun Peak Metals Corp.*				58,149
	2,512,040	Sutter Gold Mining, Inc.*,#				—
	1,210,500	Tajiri Resources Corp.*				85,608
	604,500	Talisker Resources Ltd.*				140,129
	1,595,000	Thor Explorations Ltd.*				263,201
	530,000	West Vault Mining, Inc.*				470,611
						8,900,528
		Royalty/Streaming Companies	8.4	%
	70,000	Maverix Metals, Inc.				337,400
	100,000	Osisko Gold Royalties Ltd.				999,000
	6,500	Royal Gold, Inc.				674,115
	75,000	Sandstorm Gold Ltd.*				453,750
	100,000	Wheaton Precious Metals Corp.				3,576,929
						6,041,194
		Primary Silver Producers	5.1	%
	797,000	Aya Gold & Silver, Inc.*				2,987,341
	100,000	Hecla Mining Co.				653,000
						3,640,341
		Total Common Stocks
		(Cost $36,300,694)				69,366,572
		Warrants	0.6	%
		Exploration and Development Companies	0.0	%
	641,000	Euro Sun Mining, Inc. Exercise Price 0.55 CAD, Exp. 6/5/2023*				—
						—
		Primary Silver Producers	0.6	%
	350,000	Aya Gold & Silver, Inc. Exercise Price 3.30 CAD, Exp. 9/3/2023*				404,291
						404,291
		Total Warrants
		(Cost $0)				404,291

Shares						Value
		Short-Term Investment	3.9	%
	2,824,906	UMB Money Market Fiduciary, 0.01%*			$	2,824,906
		Total Short-Term Investment
		(Cost $2,824,906)				2,824,906
		Total Investments	100.7	%
		(Cost $39,125,600)				72,595,769
		Liabilities less Other Assets	(0.7	)%		(476,166)
		TOTAL NET ASSETS	100.0	%	$	72,119,603

ADR – American Depository Receipt

PLC – Public Limited Company

CAD – Canadian Dollars

*	Non-income producing security.
#	Level 3 security fair valued under procedures established by the Board of Trustees, represents 0.00% of Net Assets. The total value of this security is $0.