Top Ten Security Holdings as of October 31, 2018

1. SPDR Gold Trust
2. Newmont Mining Corporation
3. Randgold Resources Limited ADR
4. Agnico Eagle Mines Limited
5. Alamos Gold Inc.
6. Ciner Resources LP
7. SSR Mining Inc.
8. Saracen Mineral Holdings Limited
9. OceanaGold Corp.
10. Evolution Mining Ltd.
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. Apple Inc.
7. CVS Health Corporation
8. Robert Half International Inc.
9. AutoZone, Inc.
10. Viacom Inc. Class B
Top ten security holdings comprise approximately 67% 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.