Top Ten Holdings as of May 31, 2018

1. Newmont Mining Corporation
2. Agnico Eagle Mines Limited
3. SPDR Gold Trust
4. Randgold Resources Limited ADR
5. Alamos Gold Inc.
6. Ciner Resources LP
7. SSR Mining Inc.
8. Goldcorp Inc.
9. Fresnillo PLC
10. Franco-Nevada Corporation
Top ten holdings comprise approximately 69% 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. Apple Inc.
7. Robert Half International Inc.
8. Marcus & Millichap, Inc.
9. IPG Photonics Corporation
10. Diamond Hill Investment Group, Inc.
Top ten holdings comprise approximately 70% of total assets.

Portfolio Manager's Journal

Top ten 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.