OCM GOLD FUND

Schedule of Investments - August 31, 2021

(Unaudited)

Shares						Value
		Common Stocks	96.9	%
		Major Gold Producers	24.2	%
	80,000	Agnico Eagle Mines Ltd.			$	4,601,600
	155,000	AngloGold Ashanti Ltd. ADR				2,647,400
	200,000	Barrick Gold Corp.				4,014,000
	75,000	Kinross Gold Corp.				451,500
	35,000	Kirkland Lake Gold Ltd.				1,397,550
	65,000	Newmont Corp.				3,769,350
	50,000	Northern Star Resources Ltd.				356,986
						17,238,386
		Intermediate/Mid-Tier Gold Producers	20.2	%
	325,000	Alamos Gold, Inc.				2,567,500
	300,000	B2Gold Corp.				1,160,339
	140,000	Endeavour Mining Corp.				3,420,940
	305,650	Fortuna Silver Mines, Inc.*				1,342,079
	700,000	OceanaGold Corp.*				1,309,344
	1,000,000	Perseus Mining Ltd.*				1,133,870
	154,840	SSR Mining, Inc.				2,584,280
	80,000	Torex Gold Resources, Inc.*				894,032
						14,412,384
		Junior Gold Producers	24.9	%
	450,000	Argonaut Gold, Inc.*				1,123,484
	200,000	Calibre Mining Corp.*				264,722
	250,000	Dundee Precious Metals, Inc.				1,539,589
	1,375,000	Emerald Resources N.L.*				804,682
	250,000	Galiano Gold, Inc.*				217,700
	1,449,950	Jaguar Mining, Inc.				5,228,876
	175,000	K92 Mining, Inc.*				1,025,006
	1,000,000	Minera Alamos, Inc.*				499,326
	3,750,000	Superior Gold, Inc.*				1,723,865
	1,595,000	Thor Explorations Ltd.*				385,571
	500,000	Wesdome Gold Mines Ltd.*				4,917,968
						17,730,789
		Exploration and Development Companies	10.4	%
	255,128	Adriatic Metals PLC*				518,841
	298,300	Adventus Mining Corp.*				208,056
	800,000	Apollo Gold & Silver Corp.*,^				450,820
	500,000	Ascot Resources Ltd.*				467,623
	1,000,000	Euro Sun Mining, Inc.*				301,181
	200,000	Galway Metals, Inc.*				109,376
	1,000,000	GR Silver Mining Ltd.*				277,404

Shares						Value
	123,880	Integra Resources Corp.*			$	346,593
	775,000	Liberty Gold Corp.*				706,388
	1,000,000	Maritime Resources Corp.*				118,887
	616,500	Montage Gold Corp.*				337,152
	400,000	Orca Gold, Inc.*				158,516
	500,000	Orezone Gold Corp.*				487,438
	400,000	Paramount Gold Nevada Corp.*				354,000
	100,000	Prosper Gold Corp.*				111,754
	975,000	Rio2 Ltd.*				533,209
	3,000,000	Royal Road Minerals Ltd.*				641,991
	4,578,755	RTG Mining, Inc.*				502,424
	200,000	Sun Peak Metals Corp.*				49,140
	2,512,040	Sutter Gold Mining, Inc.*,#				—
	1,210,500	Tajiri Resources Corp.*				86,348
	530,000	West Vault Mining, Inc.*				474,677
	450,000	Westhaven Gold Corp.*				185,464
						7,427,282
		Royalty/Streaming Companies	8.3	%
	30,000	Nomad Royalty Co., Ltd.				213,284
	100,000	Osisko Gold Royalties Ltd.				1,222,000
	100,000	Wheaton Precious Metals Corp.				4,506,618
						5,941,902
		Primary Silver Producers	8.9	%
	634,100	Aya Gold & Silver, Inc.*				5,045,862
	100,000	Hecla Mining Co.				615,000
	25,000	Pan American Silver Corp.				648,500
						6,309,362
		Total Common Stocks
		(Cost $34,133,948)				69,060,105
		Warrants	2.7	%
		Exploration and Development Companies	0.1	%
	641,000	Euro Sun Mining, Inc. Exercise Price: 0.55 CAD, Exp.: 6/5/2023				—
	225,000	Westhaven Gold Corp. Exercise Price: 1.00 CAD, Exp.: 3/3/2023				37,449
	400,000	Apollo Gold & Silver Corp. Exercise Price: 1.25 CAD, Exp.: 6/25/2023				—
						37,449
		Primary Silver Producers	2.6	%
	350,000	Aya Gold & Silver, Inc. Exercise Price: 3.30 CAD, Exp.: 9/3/2023				1,869,700
						1,869,700
		Total Warrants
		(Cost $0)				1,907,149

Shares						Value
		Short-Term Investment	0.4	%
	256,853	UMB Money Market Fiduciary, 0.01%			$	256,853
		Total Short-Term Investment
		(Cost $256,853)				256,853
		Total Investments	100.0	%
		(Cost $34,390,801)				71,224,107
		Assets less Other Liabilities	0.0	%		22,988
		TOTAL NET ASSETS	100.0	%	$	71,247,095

ADR – American Depository Receipt

PLC – Public Limited Company

CAD – Canadian Dollars

*	Non-income producing security.
^	Security exempt from registration under Rule 144A promulgated under the Securities Act of 1933, as amended (the "Securities Act"), or otherwise restricted. These securities generally may be resold in transactions exempt from registration under the Securities Act, normally to certain qualified institutional buyers. The securities are valued at fair value in accordance with the procedures established by the Fund’s Board of Trustees. The total value of these securities is $450,820, which represents 0.63% of total net assets of the Fund.
#	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.