OCM GOLD FUND
Schedule of Investments - August 31, 2020
(Unaudited)
Shares | Value | |||||||||||
Common Stocks | 85.2 | % | ||||||||||
Major Gold Producers | 23.2 | % | ||||||||||
65,000 | Agnico Eagle Mines Ltd. | $ | 5,362,500 | |||||||||
120,000 | AngloGold Ashanti Ltd. ADR | 3,541,200 | ||||||||||
200,000 | Barrick Gold Corp. | 5,930,000 | ||||||||||
25,000 | Kirkland Lake Gold Ltd. | 1,330,250 | ||||||||||
65,000 | Newmont Corp. | 4,373,200 | ||||||||||
20,537,150 | ||||||||||||
Intermediate/Mid-Tier Gold Producers | 14.9 | % | ||||||||||
250,000 | Alamos Gold, Inc. | 2,615,000 | ||||||||||
300,000 | B2Gold Corp.* | 2,014,719 | ||||||||||
70,500 | Centerra Gold, Inc.* | 918,273 | ||||||||||
125,000 | Endeavour Mining Corp.* | 3,465,195 | ||||||||||
150,000 | IAMGOLD Corp. | 643,500 | ||||||||||
50,000 | Northern Star Resources Ltd. | 503,393 | ||||||||||
500,000 | OceanaGold Corp. | 1,153,787 | ||||||||||
25,000 | Pan American Silver Corp. | 904,000 | ||||||||||
25,000 | SSR Mining, Inc. | 536,250 | ||||||||||
30,000 | Torex Gold Resources, Inc. | 463,201 | ||||||||||
13,217,318 | ||||||||||||
Junior Gold Producers | 27.5 | % | ||||||||||
400,000 | Alacer Gold Corp.* | 2,762,956 | ||||||||||
450,000 | Argonaut Gold, Inc.* | 955,612 | ||||||||||
200,000 | Calibre Mining Corp. | 288,255 | ||||||||||
250,000 | Dundee Precious Metals, Inc.* | 1,809,261 | ||||||||||
150,000 | Fortuna Silver Mines, Inc.* | 1,092,456 | ||||||||||
1,399,950 | Jaguar Mining, Inc.* | 9,122,643 | ||||||||||
175,000 | K92 Mining, Inc. | 1,041,092 | ||||||||||
1,000,000 | Perseus Mining Ltd. | 1,065,791 | ||||||||||
550,000 | Roxgold, Inc.* | 683,073 | ||||||||||
500,000 | Wesdome Gold Mines Ltd.* | 5,527,445 | ||||||||||
24,348,584 | ||||||||||||
Exploration and Development Companies | 10.1 | % | ||||||||||
255,128 | Adriatic Metals PLC | 449,739 | ||||||||||
298,300 | Adventus Mining Corp. | 295,007 | ||||||||||
1,375,000 | Emerald Resources N.L. | 659,205 | ||||||||||
750,000 | Emmerson Resources Ltd.* | 54,765 | ||||||||||
1,282,000 | Euro Sun Mining, Inc. | 486,499 | ||||||||||
200,000 | Galway Metals, Inc. | 249,923 | ||||||||||
1,000,000 | GR Silver Mining Ltd. | 613,309 | ||||||||||
2,750,000 | Horizon Minerals Ltd. | 273,823 |
Shares | Value | |||||||||||
123,880 | Integra Resources Corp. | $ | 473,905 | |||||||||
775,000 | Liberty Gold Corp. | 1,277,407 | ||||||||||
2,000,000 | Matador Mining Ltd. | 634,312 | ||||||||||
180,000 | New Found Gold Corp. | 277,369 | ||||||||||
400,000 | Orca Gold, Inc. | 183,993 | ||||||||||
500,000 | Paramount Gold Nevada Corp. | 610,000 | ||||||||||
2,680,000 | Royal Road Minerals Ltd.* | 760,196 | ||||||||||
4,578,755 | RTG Mining, Inc.* | 641,661 | ||||||||||
2,512,040 | Sutter Gold Mining, Inc.* # | — | ||||||||||
604,500 | Talisker Resources Ltd. | 173,787 | ||||||||||
1,595,000 | Thor Explorations Ltd. | 275,126 | ||||||||||
400,000 | West Vault Mining, Inc. | 493,714 | ||||||||||
8,883,740 | ||||||||||||
Royalty/Streaming Companies | 9.5 | % | ||||||||||
70,000 | Maverix Metals, Inc. | 298,200 | ||||||||||
100,000 | Osisko Gold Royalties Ltd. | 1,230,000 | ||||||||||
6,500 | Royal Gold, Inc. | 886,080 | ||||||||||
75,000 | Sandstorm Gold Ltd. | 685,500 | ||||||||||
100,000 | Wheaton Precious Metals Corp. | 5,340,386 | ||||||||||
8,440,166 | ||||||||||||
Total Common Stocks | ||||||||||||
(Cost $24,320,499) | 75,426,958 | |||||||||||
Warrants | 0.0 | % | ||||||||||
Exploration and Development Companies | 0.0 | % | ||||||||||
1,000,000 | Emmerson Resources Ltd. Exercise Price 0.14 AUD, Exp. 9/30/2020* | — | ||||||||||
641,000 | Euro Sun Mining, Inc. Exercise Price 0.55 CAD, Exp. 6/5/2023* | — | ||||||||||
— | ||||||||||||
Total Warrants | ||||||||||||
(Cost $0) | — | |||||||||||
Short-Term Investment | 14.4 | % | ||||||||||
12,766,913 | UMB Money Market Fiduciary, 0.01% | 12,766,913 | ||||||||||
Total Short-Term Investment | ||||||||||||
(Cost $12,766,913) | 12,766,913 | |||||||||||
Total Investments | 99.6 | % | ||||||||||
(Cost $37,087,412) | 88,193,871 | |||||||||||
Assets less Other Liabilities | 0.4 | % | 348,326 | |||||||||
TOTAL NET ASSETS | 100.0 | % | $ | 88,542,197 |
ADR – American Depository Receipt |
PLC – Public Limited Company |
AUD – Australian Dollars |
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. |