OCM GOLD FUND
Schedule of Investments - February 29, 2024
(Unaudited)
| Shares | Value | ||||||||||
| Common Stocks | 99.5 | % | |||||||||
| Major Gold Producers | 30.0 | % | |||||||||
| 65,000 | Agnico Eagle Mines Ltd. | $ | 3,123,900 | ||||||||
| 100,000 | AngloGold Ashanti PLC | 1,861,000 | |||||||||
| 300,000 | B2Gold Corp.^ | 722,811 | |||||||||
| 200,000 | Barrick Gold Corp. | 2,932,000 | |||||||||
| 118,670 | Endeavour Mining PLC | 1,950,728 | |||||||||
| 65,000 | Newmont Corp. | 2,031,250 | |||||||||
12,621,689 | |||||||||||
| Intermediate/Mid-Tier Gold Producers | 23.7 | % | |||||||||
| 300,000 | Alamos Gold, Inc. | 3,543,000 | |||||||||
| 250,000 | Dundee Precious Metals, Inc. | 1,690,981 | |||||||||
| 225,000 | Fortuna Silver Mines, Inc.* | 611,737 | |||||||||
| 130,000 | Lundin Gold, Inc. | 1,514,368 | |||||||||
| 500,000 | OceanaGold Corp. | 828,913 | |||||||||
| 70,000 | Pan American Silver Corp. | 868,700 | |||||||||
| 800,000 | Perseus Mining Ltd. | 912,577 | |||||||||
9,970,276 | |||||||||||
| Junior Gold Producers | 20.8 | % | |||||||||
| 1,464,110 | Catalyst Metals Ltd.* | 466,307 | |||||||||
| 850,000 | Emerald Resources N.L.* | 1,530,387 | |||||||||
| 150,000 | i-80 Gold Corp.* | 188,992 | |||||||||
| 1,659,900 | Jaguar Mining, Inc.* | 2,201,459 | |||||||||
| 175,000 | K92 Mining, Inc.* | 723,364 | |||||||||
| 1,000,000 | Minera Alamos, Inc.* | 202,623 | |||||||||
| 450,000 | Mineros S.A. | 238,727 | |||||||||
| 500,000 | Orezone Gold Corp.* | 254,200 | |||||||||
| 800,000 | Thor Explorations Ltd.* | 114,942 | |||||||||
| 425,000 | Wesdome Gold Mines Ltd.* | 2,833,960 | |||||||||
8,754,961 | |||||||||||
| Exploration and Development Companies | 4.6 | % | |||||||||
| 350,000 | Angel Wing Metals, Inc.* | 35,459 | |||||||||
| 250,000 | G Mining Ventures Corp.* | 340,775 | |||||||||
| 250,000 | G2 Goldfields, Inc.* | 132,626 | |||||||||
| 875,000 | Liberty Gold Corp.* | 154,731 | |||||||||
| 616,500 | Montage Gold Corp.* | 363,395 | |||||||||
| 5,000,000 | Omai Gold Mines Corp.* | 331,565 | |||||||||
| 975,000 | Rio2 Ltd.* | 244,253 | |||||||||
| 3,000,000 | Royal Road Minerals Ltd.* | 209,991 | |||||||||
| 4,578,755 | RTG Mining, Inc.* | 56,546 | |||||||||
| 2,512,040 | Sutter Gold Mining, Inc.*,# | — | |||||||||
| Shares | Value | ||||||||||
| 1,210,500 | Tajiri Resources Corp.* | $ | 11,149 | ||||||||
| 450,000 | Westhaven Gold Corp.* | 66,313 | |||||||||
1,946,803 | |||||||||||
| Royalty/Streaming Companies | 7.9 | % | |||||||||
| 80,000 | Wheaton Precious Metals Corp. | 3,296,787 | |||||||||
| Primary Silver Producers | 12.5 | % | |||||||||
| 730,000 | Aya Gold & Silver, Inc.* | 5,249,632 | |||||||||
| Total Common Stocks | |||||||||||
| (Cost $23,158,993) | 41,840,148 | ||||||||||
| Warrants | 0.0 | % | |||||||||
| Exploration and Development Companies | 0.0 | % | |||||||||
| 175,000 | Angel Wing Metals, Inc. Exercise Price: 0.50 CAD, Expiration Date: April 26, 2025* | — | |||||||||
— | |||||||||||
| Total Warrants | |||||||||||
| (Cost $0) | — | ||||||||||
| Short-Term Investment | 0.7 | % | |||||||||
| 304,117 | UMB Money Market Fiduciary, 0.01% | 304,117 | |||||||||
| Total Short-Term Investment | |||||||||||
| (Cost $304,117) | 304,117 | ||||||||||
| Total Investments | 100.2 | % | |||||||||
| (Cost $23,463,110) | 42,144,265 | ||||||||||
| Liabilities less Other Assets | (0.2 | )% | (65,050) | ||||||||
| TOTAL NET ASSETS | 100.0 | % | $ |
42,079,215 | |||||||
| ADR – American Depository Receipt |
| PLC – Public Limited Company |
| 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. |