OCM GOLD FUND

Schedule of Investments - August 31, 2025

(Unaudited)

Shares										Value
				COMMON STOCKS			93.1%
				Major Gold Producers			22.1%
	65,000			Agnico Eagle Mines Ltd.						$	9,371,050
	105,000			AngloGold Ashanti PLC							5,949,300
	200,000			Barrick Mining Corp.							5,326,000
	118,670			Endeavour Mining PLC							4,125,886
	85,000			Newmont Corp.							6,324,000
											31,096,236
				Intermediate/Mid-Tier Gold Producers			31.0%
	290,000			Alamos Gold, Inc.							8,830,500
	133,333			Allied Gold Corp.*							1,868,841
	300,000			B2Gold Corp.							1,239,000
	500,000			B2Gold Corp.^							2,064,220
	75,000			Centerra Gold, Inc.							612,750
	250,000			Dundee Precious Metals, Inc.							4,634,484
	225,000			Fortuna Mining Corp.*							1,734,928
	637,501			Greatland Resources Ltd.*							2,291,868
	100,000			IAMGOLD Corp.*							931,000
	130,000			Lundin Gold, Inc.							7,993,665
	166,667			OceanaGold Corp.							3,045,969
	70,000			Pan American Silver Corp.							2,374,400
	800,000			Perseus Mining Ltd.							1,979,058
	100,000			SSR Mining, Inc.*							1,931,000
	600,000			West African Resources Ltd.*							1,193,717
	600,000			Westgold Resources Ltd.							1,350,785
											44,076,185
				Junior Gold Producers			18.6%
	1,250,000			Catalyst Metals Ltd.*							5,930,956
	150,000			Discovery Silver Corp.*							477,283
	1,250,000			Emerald Resources N.L.*							3,092,278
	62,500			G Mining Ventures Corp.*							936,999
	300,000			Heliostar Metals Ltd.*							338,576
	1,700,000			Jaguar Mining, Inc.*							6,040,484
	175,000			K92 Mining, Inc.*							1,973,751
	500,000			Orezone Gold Corp.*							415,028
	900,000			Thor Explorations Ltd.							753,604
	415,000			Wesdome Gold Mines Ltd.*							5,508,555
											25,467,514
				Exploration and Development Companies			11.0%
	350,000			Angel Wing Metals, Inc.*							12,742
	1,166,666			Ausgold Ltd.*							648,996

Shares										Value
	250,000			G2 Goldfields, Inc.*						$	566,113
	875,000			Liberty Gold Corp.*							315,367
	1,228,000			Mithril Silver And Gold Ltd.*							482,831
	616,500			Montage Gold Corp.*							2,459,895
	734,108			NeXGold Mining Corp.*							604,006
	5,000,000			Omai Gold Mines Corp.*							3,349,352
	325,000			Probe Gold, Inc.*							638,925
	2,758,000			Rio2 Ltd.*							3,654,842
	209,004			Robex Resources, Inc.*							506,096
	2,399,000			Royal Road Minerals Ltd.*							227,079
	4,578,755			RTG Mining, Inc.*							83,904
	1,860,466			Saturn Metals Ltd.*							523,561
	300,000			Thesis Gold, Inc.*							310,179
	200,000			Vizsla Silver Corp.*							734,000
	1,600,000			WIA Gold Ltd.*							335,079
											15,452,967
				Royalty/Streaming Companies			5.9%
	100,000			Vizsla Royalties Corp.*							206,786
	80,000			Wheaton Precious Metals Corp.							8,033,785
											8,240,571
				Primary Silver Producers			4.5%
	644,400			Aya Gold & Silver, Inc.*							6,404,587

				Total Common Stocks
				(Cost $35,005,200)							130,738,060

				WARRANTS			0.0%
				Exploration and Development Companies			0.0%
	367,054			NeXGold Mining Corp. Exercise Price 0.95 CAD, Exp. 12/16/2026							48,106
											48,106
				Total Warrants
				(Cost $0)							48,106

				SHORT-TERM INVESTMENT			6.7%
	9,370,017			UMB Bank, Institutional Banking Money Market II Deposit Investment, 4.19%^#							9,370,017

				Total Short-Term Investment
				(Cost $9,370,017)							9,370,017

				Total Investments			99.8%
				(Cost $44,375,217)							140,156,183
				Assets less Other Liabilities			0.2%				212,445
				TOTAL NET ASSETS			100.0%			$	140,368,628

PLC – Public Limited Company

CAD – Canadian Dollars

*	Non-income producing security.
^	Denoted investment is a Canadian security traded on U.S. stock exchange.
#	The rate is the annualized seven-day yield at period end.