# EDGAR Filing Document

**Accession Number:** 0000745338
**File Stem:** 0001145549-23-002555
**Filing Date:** 2023-1
**Character Count:** 21187
**Document Hash:** 2c28f1fea8b09038053ee88cfb326872
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002555.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001145549-23-002555

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OCM MUTUAL FUND
- **CENTRAL INDEX KEY:** 0000745338
- **IRS NUMBER:** 226444024
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04010
- **FILM NUMBER:** 23550081

**BUSINESS ADDRESS:**
- **STREET 1:** 2600 KITTY HAWK ROAD
- **STREET 2:** SUITE 119
- **CITY:** LIVERMORE
- **STATE:** CA
- **ZIP:** 94551
- **BUSINESS PHONE:** 414-299-2000

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 W. GALENA ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212-3948

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIA MUTUAL FUND
- **DATE OF NAME CHANGE:** 20030402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MONTEREY MUTUAL FUND
- **DATE OF NAME CHANGE:** 19970325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MONITREND MUTUAL FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### OCM MUTUAL FUND (Series ID: S000005294)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000014470 | OCM Gold Fund - Investor Class | OCMGX           |
| C000101831 | OCM Gold Fund - Advisor Class  | OCMAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** OCM MUTUAL FUND

- **b. Investment Company Act file number:** 811-04010

- **c. CIK number of Registrant:** 0000745338

- **d. LEI of Registrant:** 549300AKSS68PWZOHM90

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2600 Kitty Hawk Rd

  - **City:** Livermore

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94551

  - **Telephone number:** 8007794681

**Item A.2. Information about the Series.**

- **a. Name of Series:** OCM MUTUAL FUND

- **b. EDGAR series identifier (if any):** S000005294

- **c. LEI of Series:** 5493007254B8R9O2U456

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $53534545.26

**Total Liabilities:** $142374.28

**Net Assets:** $53392170.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014470 | 0.95%                | -3.30%               | 13.89%               |
| Class ID C000101831 | 1.05%                | -3.42%               | 14.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12080.51                | $408029.93                                 |
| Month 2  | $54781.80                | $-1670746.01                               |
| Month 3  | $-314284.13              | $6971556.32                                |

### Schedule of Portfolio Investments

| Name                               | Title                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Ltd             | Agnico Eagle Mines Ltd.            | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     85000 | NS      | $4281450.00   | 8.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                    | Alamos Gold, Inc.                  | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    325000 | NS      | $3152500.00   | 5.90%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GOLD Corp. WARRANT   /      | APOLLO GOLD Corp. WARRANT   /      | CUSIP: 999999999<br>LEI: N/A                  | Long             | DE               | CORP              | CA        |    400000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Andean Precious Metals Corp        | Andean Precious Metals Corp.       | CUSIP: 03349X101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    625000 | NS      | $371691.94    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Orezone Gold Corp                  | Orezone Gold Corp.                 | CUSIP: 68616T109<br>LEI: 529900ZRY6WGGRC9Z698 | Long             | EC               | CORP              | CA        |    500000 | NS      | $472048.77    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp           | Pan American Silver Corp.          | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     75000 | NS      | $1229250.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Argonaut Gold Inc                  | Argonaut Gold, Inc.                | CUSIP: 04016A101<br>LEI: 54930043XCKI4E8EQR38 | Long             | EC               | CORP              | US        |    200000 | NS      | $56497.18     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AngloGold Ashanti Ltd              | AngloGold Ashanti Ltd. ADR         | CUSIP: 035128206<br>LEI: 378900EF3BA9A5F42A59 | Long             |  | CORP              | ZA        |    155000 | NS      | $2841150.00   | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd                 | Perseus Mining Ltd.                | CUSIP: Q74174105<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |   1000000 | NS      | $1513608.91   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Gold Nevada Corp         | Paramount Gold Nevada Corp.        | CUSIP: 69924M109<br>LEI: 5493000CWEBEVDLIW256 | Long             | EC               | CORP              | US        |    257945 | NS      | $94304.69     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc              | Aya Gold & Silver, Inc.            | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |    600000 | NS      | $3693131.13   | 6.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AYA GOLD & SILVER WARRANTS   /     | AYA GOLD & SILVER WARRANTS   /     | CUSIP: 05466C117<br>LEI: N/A                  | Long             | DE               | CORP              | CA        |    350000 | NC      | $1295718.11   | 2.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Black Cat Syndicate Ltd            | Black Cat Syndicate Ltd.           | CUSIP: Q1R287103<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    450000 | NS      | $93158.22     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Metals Inc               | Benchmark Metals, Inc.             | CUSIP: 08162A104<br>LEI: 529900EDQ993Q6M6BH62 | Long             | EC               | CORP              | CA        |    400000 | NS      | $114481.12    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                        | B2Gold Corp.                       | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    100000 | NS      | $348000.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                        | B2Gold Corp.                       | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    300000 | NS      | $1045941.12   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLARS  /                | CANADIAN DOLLARS  /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | CA        |    108062 | OU      | $80331.56     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Calibre Mining Corp                | Calibre Mining Corp.               | CUSIP: 13000C205<br>LEI: 9845005U3E61362A1O58 | Long             | EC               | CORP              | CA        |    400489 | NS      | $267945.36    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Precious Metals Inc         | Dundee Precious Metals, Inc.       | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    250000 | NS      | $1180121.91   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC               | Endeavour Mining PLC               | CUSIP: G3042J105<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |    140000 | NS      | $2971305.38   | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Resources NL               | Emerald Resources NL               | CUSIP: Q3464L108<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1375000 | NS      | $1054605.31   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO SUN MINING, Inc. WARRANTS   / | EURO SUN MINING, Inc. WARRANTS   / | CUSIP: 29872L123<br>LEI: N/A                  | Long             | DE               | CORP              | CA        |    641000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortuna Silver Mines Inc           | Fortuna Silver Mines, Inc.         | CUSIP: 349915108<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |    225000 | NS      | $839652.10    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| G Mining Ventures Corp             | G Mining Ventures Corp.            | CUSIP: 36261G102<br>LEI: 894500N5AZEQU0BLOT06 | Long             | EC               | CORP              | CA        |    250000 | NS      | $122658.34    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp                  | Barrick Gold Corp.                 | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    200000 | NS      | $3264000.00   | 6.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Galway Metals Inc                  | Galway Metals, Inc.                | CUSIP: 364585208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    500000 | NS      | $98498.36     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| i-80 Gold Corp                     | i-80 Gold Corp.                    | CUSIP: 44955L106<br>LEI: 549300LFFIWIGUEXPK11 | Long             | EC               | CORP              | CA        |    150000 | NS      | $425958.97    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corp             | Integra Resources Corp.            | CUSIP: 45826T301<br>LEI: 529900MC191X8CY3P306 | Long             | EC               | CORP              | CA        |    123880 | NS      | $80118.64     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Jaguar Mining Inc                  | Jaguar Mining, Inc.                | CUSIP: 47009M889<br>LEI: 549300IRKN0GXIRGS617 | Long             | EC               | CORP              | CA        |   1449950 | NS      | $2899468.85   | 5.43%             |  |  |  | No            |                  1 | On Loan: No      |
| K92 Mining Inc                     | K92 Mining, Inc.                   | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |    175000 | NS      | $1005612.55   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Lahontan Gold Corp                 | Lahontan Gold Corp.                | CUSIP: 50732M101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    500000 | NS      | $26018.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Gold Corp                  | Liberty Gold Corp.                 | CUSIP: 53056H104<br>LEI: 549300DY25855R7ZV117 | Long             | EC               | CORP              | CA        |   1000000 | NS      | $304787.39    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Gold Inc                    | Lundin Gold, Inc.                  | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |    130000 | NS      | $1282411.54   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Maritime Resources Corp            | Maritime Resources Corp.           | CUSIP: 57035U102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1000000 | NS      | $37169.19     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Minera Alamos Inc                  | Minera Alamos, Inc.                | CUSIP: 60283L105<br>LEI: 254900I6L38EFNS8Z440 | Long             | EC               | CORP              | CA        |   1000000 | NS      | $330805.83    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Montage Gold Corp                  | Montage Gold Corp.                 | CUSIP: 61178L101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    616500 | NS      | $302475.47    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB MONEY MARKET FIDUCIARY   /     | UMB MONEY MARKET FIDUCIARY   /     | CUSIP: SF8888528<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1190668 | PA      | $1190668.31   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mineros SA                         | Mineros S.A.                       | CUSIP: P68068108<br>LEI: 549300991PEKFIGLDE07 | Long             | EC               | CORP              | CO        |    450000 | NS      | $260927.74    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                       | Newmont Corp.                      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     65000 | NS      | $3085550.00   | 5.78%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanaGold Corp                    | OceanaGold Corp.                   | CUSIP: 675222103<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | AU        |    700000 | NS      | $1191644.37   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio2 Ltd                           | Rio2 Ltd.                          | CUSIP: 767217102<br>LEI: 2549009N9W290I0XSE73 | Long             | EC               | CORP              | CA        |    975000 | NS      | $105095.90    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Resolute Mining Ltd                | Resolute Mining Ltd.               | CUSIP: Q81068100<br>LEI: 254900MP8JONT590XY28 | Long             | EC               | CORP              | AU        |    937500 | NS      | $101812.26    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| RTG Mining Inc                     | RTG Mining, Inc.                   | CUSIP: G7707W178<br>LEI: N/A                  | Long             |  | CORP              | AU        |   4578755 | NS      | $155391.13    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Road Minerals Ltd            | Royal Road Minerals Ltd.           | CUSIP: G76828105<br>LEI: 54930033JDODZL6J2G22 | Long             | EC               | CORP              | JE        |   3000000 | NS      | $289919.71    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Superior Gold Inc                  | Superior Gold, Inc.                | CUSIP: 86816U106<br>LEI: 52990002R7D8X4WC1Z35 | Long             | EC               | CORP              | CA        |   4100000 | NS      | $746729.11    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sutter Gold Mining Inc             | Sutter Gold Mining, Inc.           | CUSIP: 86944A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2512040 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SSR Mining Inc                     | SSR Mining, Inc.                   | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |    150000 | NS      | $2274000.00   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tajiri Resources Corp              | Tajiri Resources Corp.             | CUSIP: 87405Y202<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1210500 | NS      | $29245.65     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Explorations Ltd              | Thor Explorations Ltd.             | CUSIP: 885149104<br>LEI: 213800AXZ8468CQYVT76 | Long             | EC               | CORP              | CA        |   1595000 | NS      | $308281.30    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesdome Gold Mines Ltd             | Wesdome Gold Mines Ltd.            | CUSIP: 95083R100<br>LEI: 529900DCBALMLHZPLR10 | Long             | EC               | CORP              | CA        |    475000 | NS      | $3206214.69   | 6.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Westhaven Gold Corp                | Westhaven Gold Corp.               | CUSIP: 960350106<br>LEI: 2549006LQ1TAHZLTOF64 | Long             | EC               | CORP              | CA        |    450000 | NS      | $130463.87    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTHAVEN GOLD CORP                | Westhaven Gold Corp.               | CUSIP: 960350965<br>LEI: 2549006LQ1TAHZLTOF64 | Long             | DE               | CORP              | CA        |    225000 | NC      | $10035.68     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp       | Wheaton Precious Metals Corp.      | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    100000 | NS      | $3902765.39   | 7.31%             |  |  |  | No            |                  1 | On Loan: No      |
| West Vault Mining Inc              | West Vault Mining, Inc.            | CUSIP: 95640X103<br>LEI: 213800R4KPTKIMDKBU38 | Long             | EC               | CORP              | CA        |    530000 | NS      | $374293.79    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-06

**Name of Applicant:** OCM MUTUAL FUND

**Signature:** /s/ Gregory M. Orrell

**Name of Signer:** Gregory M. Orrell

**Title:** President