Top Ten Security Holdings as of June 30, 2019

1. Agnico Eagle Mines Limited
2. Barrick Gold Corporation
3. SPDR Gold Trust
4. Alamos Gold Inc.
5. Saracen Mineral Holdings Limited
6. SSR Mining Inc.
7. Northern Star Resources Ltd
8. Evolution Mining Ltd
9. Newcrest Mining Limited
10. Rio Tinto plc ADR
Top ten security holdings comprise approximately 59% of total assets.


1. Mastercard Incorporated Class A
2. Alphabet Inc. Class A
3. Berkshire Hathaway Inc. Class B
4. Johnson & Johnson
5. JPMorgan Chase & Co.
6. AutoZone, Inc.
7. Apple Inc.
8. Broadcom Inc.
9. Tyson Foods, Inc. Class A
10. Robert Half International Inc.
Top ten security holdings comprise approximately 62% of total assets.

Portfolio Manager's Journal

Top ten security holdings are shown for informational purposes only and are subject to change. The above portfolio information should not be considered as a recommendation to purchase or sell a particular security and there is no assurance that any securities will remain in or out of the Funds.