OCM GOLD FUND
Schedule of Investments - August 31, 2023
(Unaudited)
Shares | Value | |||||||||
COMMON STOCKS | 96.1% | |||||||||
Major Gold Producers | 31.4% | |||||||||
70,500 | Agnico Eagle Mines Ltd. | $ | 3,419,955 | |||||||
125,000 | AngloGold Ashanti Ltd. ADR | 2,125,000 | ||||||||
100,000 | B2Gold Corp. | 309,000 | ||||||||
300,000 | B2Gold Corp.^ | 923,624 | ||||||||
200,000 | Barrick Gold Corp. | 3,242,000 | ||||||||
140,000 | Endeavour Mining PLC | 2,895,944 | ||||||||
65,000 | Newmont Corp. | 2,562,300 | ||||||||
15,477,823 | ||||||||||
Intermediate/Mid-Tier Gold Producers | 27.4% | |||||||||
300,000 | Alamos Gold, Inc. | 3,852,000 | ||||||||
250,000 | Dundee Precious Metals, Inc. | 1,613,381 | ||||||||
225,000 | Fortuna Silver Mines, Inc.* | 699,378 | ||||||||
130,000 | Lundin Gold, Inc. | 1,558,615 | ||||||||
625,000 | OceanaGold Corp. | 1,350,651 | ||||||||
75,000 | Pan American Silver Corp. | 1,241,250 | ||||||||
800,000 | Perseus Mining Ltd. | 977,127 | ||||||||
150,000 | SSR Mining, Inc. | 2,227,500 | ||||||||
13,519,902 | ||||||||||
Junior Gold Producers | 19.4% | |||||||||
400,489 | Calibre Mining Corp.* | 468,304 | ||||||||
1,464,110 | Catalyst Metals Ltd.* | 502,805 | ||||||||
1,150,000 | Emerald Resources N.L.* | 1,766,021 | ||||||||
150,000 | i-80 Gold Corp.* | 298,623 | ||||||||
1,659,900 | Jaguar Mining, Inc. | 1,854,980 | ||||||||
175,000 | K92 Mining, Inc.* | 827,598 | ||||||||
1,000,000 | Minera Alamos, Inc.* | 229,426 | ||||||||
450,000 | Mineros S.A. | 199,822 | ||||||||
500,000 | Orezone Gold Corp.* | 347,839 | ||||||||
1,000,000 | Thor Explorations Ltd.* | 240,527 | ||||||||
450,000 | Wesdome Gold Mines Ltd.* | 2,814,165 | ||||||||
9,550,110 | ||||||||||
Exploration and Development Companies | 3.3% | |||||||||
700,000 | Angel Wing Metals, Inc.* | 56,986 | ||||||||
250,000 | G Mining Ventures Corp.* | 231,276 | ||||||||
1,000,000 | Liberty Gold Corp.* | 244,227 | ||||||||
616,500 | Montage Gold Corp.* | 244,100 | ||||||||
5,000,000 | Omai Gold Mines Corp.* | 166,519 | ||||||||
975,000 | Rio2 Ltd.* | 184,003 | ||||||||
3,000,000 | Royal Road Minerals Ltd.* | 255,329 |
Shares | Value | |||||||||
4,578,755 | RTG Mining, Inc.* | $ | 121,641 | |||||||
2,512,040 | Sutter Gold Mining, Inc.*,# | — | ||||||||
1,210,500 | Tajiri Resources Corp.* | 26,876 | ||||||||
450,000 | Westhaven Gold Corp.* | 74,934 | ||||||||
1,605,891 | ||||||||||
Royalty/Streaming Companies | 8.4% | |||||||||
95,000 | Wheaton Precious Metals Corp. | 4,143,946 | ||||||||
Primary Silver Producers | 6.2% | |||||||||
442,000 | Andean Precious Metals Corp.* | 206,083 | ||||||||
465,000 | Aya Gold & Silver, Inc.* | 2,846,026 | ||||||||
3,052,109 | ||||||||||
Total Common Stocks | ||||||||||
(Cost $26,927,445) | 47,349,781 | |||||||||
WARRANTS | 2.6% | |||||||||
Primary Silver Producers | 2.6% | |||||||||
350,000 | Aya Gold & Silver, Inc. Exercise Price 3.30 CAD, Exp. 9/3/2023* | 1,287,374 | ||||||||
1,287,374 | ||||||||||
Exploration and Development Companies | 0.0% | |||||||||
350,000 | Angel Wing Metals, Inc. Exercise Price 0.25 CAD, Exp. 4/26/2025* | — | ||||||||
— | ||||||||||
Total Warrants | ||||||||||
(Cost $0) | 1,287,374 | |||||||||
SHORT-TERM INVESTMENT | 0.1% | |||||||||
51,314 | UMB Money Market Fiduciary, 0.01% | 51,314 | ||||||||
Total Short-Term Investment | ||||||||||
(Cost $51,314) | 51,314 | |||||||||
Total Investments | 98.8% | |||||||||
(Cost $26,978,759) | 48,688,469 | |||||||||
Assets less Other Liabilities | 1.2% | 595,225 | ||||||||
TOTAL NET ASSETS | 100.0% | $ | 49,283,694 |
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. |