OCM GOLD FUND

Schedule of Investments - August 31, 2022

(Unaudited)

Shares					Value
		Common Stocks	90.2%
		Major Gold Producers	29.4%
	85,000	Agnico Eagle Mines Ltd.		$	3,502,850
	155,000	AngloGold Ashanti Ltd. ADR			2,089,400
	100,000	B2Gold Corp.			305,000
	300,000	B2Gold Corp.^			920,511
	200,000	Barrick Gold Corp.			2,970,000
	140,000	Endeavour Mining PLC			2,724,532
	65,000	Newmont Corp.			2,688,400
					15,200,693
		Intermediate/Mid-Tier Gold Producers	16.3%
	325,000	Alamos Gold, Inc.			2,336,750
	130,000	Lundin Gold, Inc.			868,052
	700,000	OceanaGold Corp.*			1,033,958
	75,000	Pan American Silver Corp.			1,116,000
	1,000,000	Perseus Mining Ltd.			1,077,660
	150,000	SSR Mining, Inc.			2,023,500
					8,455,920
		Junior Gold Producers	25.4%
	200,000	Argonaut Gold, Inc.*			70,809
	400,489	Calibre Mining Corp.*			289,679
	250,000	Dundee Precious Metals, Inc.			1,138,267
	1,375,000	Emerald Resources N.L.*			1,100,753
	225,000	Fortuna Silver Mines, Inc.*			520,786
	150,000	i-80 Gold Corp.*			268,387
	1,449,950	Jaguar Mining, Inc.			3,212,543
	175,000	K92 Mining, Inc.*			902,048
	1,000,000	Minera Alamos, Inc.*			376,885
	450,000	Mineros S.A.			322,065
	500,000	Orezone Gold Corp.*			517,740
	4,100,000	Superior Gold, Inc.*			1,404,751
	1,595,000	Thor Explorations Ltd.*			248,953
	475,000	Wesdome Gold Mines Ltd.*			2,777,524
					13,151,190
		Exploration and Development Companies	5.6%
	651,500	Apollo Silver Corp.*			84,327
	500,000	Banyan Gold Corp.*			154,180
	400,000	Benchmark Metals, Inc.*			126,390
	450,000	Black Cat Syndicate Ltd.*			110,845
	250,000	G Mining Ventures Corp.*			148,470
	500,000	Galway Metals, Inc.*			135,146

Shares					Value
	123,880	Integra Resources Corp.*		$	70,740
	500,000	Lahontan Gold Corp.*			39,021
	1,000,000	Liberty Gold Corp.*			335,008
	1,000,000	Maritime Resources Corp.*			34,262
	616,500	Montage Gold Corp.*			283,982
	257,945	Paramount Gold Nevada Corp.*			89,507
	975,000	Rio2 Ltd.*			92,794
	3,000,000	Royal Road Minerals Ltd.*			422,567
	4,578,755	RTG Mining, Inc.*			195,807
	148,500	Silver Mountain Resources, Inc.*			21,482
	2,512,040	Sutter Gold Mining, Inc.*,#			—
	1,210,500	Tajiri Resources Corp.*			36,866
	530,000	West Vault Mining, Inc.*			391,427
	450,000	Westhaven Gold Corp.*			133,623
					2,906,444
		Royalty/Streaming Companies	5.9%
	100,000	Wheaton Precious Metals Corp.			3,052,383
		Primary Silver Producers	7.6%
	625,000	Andean Precious Metals Corp.*			414,002
	600,000	Aya Gold & Silver, Inc.*			3,503,883
					3,917,885
		Total Common Stocks
		(Cost $31,444,498)			46,684,515
		Warrants	2.3%
		Exploration and Development Companies	0.0%
	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*			10,278
	400,000	Apollo Silver Corp.
		Exercise Price 1.25 CAD, Exp. 6/25/2023*			—
					10,278
		Primary Silver Producers	2.3%
	350,000	Aya Gold & Silver, Inc.
		Exercise Price 3.30 CAD, Exp. 9/3/2023*			1,164,535
					1,164,535
		Total Warrants
		(Cost $0)			1,174,813
		Short-Term Investment	7.5%
	3,906,870	UMB Money Market Fiduciary, 0.01%			3,906,870

			Value
Total Short-Term Investment
(Cost $3,906,870)			$	3,906,870
Total Investments	100.0	%
(Cost $35,351,368)				51,766,198
Liabilities less Other Assets	(0.0	)%		(14,144)
TOTAL NET ASSETS	100.0	%	$	51,752,054

ADR – American Depository Receipt

CAD – Canadian Dollars

^	Denoted investment is a Canadian security traded on U.S. stock exchange.
*	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.