The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over one, five and ten years compare to the performance of the Standard & Poor’s 500® Index (“S&P 500® Index”) and the Philadelphia Stock Exchange Gold & Silver Index (“XAU Index”). For additional information on these indexes, please see “Index Descriptions” on page 18 of this Prospectus. The performance of Atlas Class shares will differ from that of the Investor Class shares to the extent that the Classes do not have the same expenses or inception dates. Please keep in mind that past performance (before and after taxes) is not necessarily indicative of future returns. Sales loads are not reflected in the bar chart and, if those charges were included, returns would be less than those shown. Updated performance information is available on the Fund’s website (ocmgoldfund.com).
| Note: | During the ten year period shown on the bar chart, the Atlas Class’ highest total return for a quarter was 72.97% (quarter ended June 30, 2020) and the lowest total return for a quarter was -27.14% (quarter ended June 30, 2022). The results shown in the bar chart above and best and worst quarterly returns do not reflect a sales charge. If they did, the returns would have been lower. |
The average annual total returns below reflect the maximum sales charge of 4.50% applicable to the Investor Class. The after-tax returns below were calculated using the historical highest individual federal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s individual tax situation and may differ from those shown, and after-tax returns are not relevant to those investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). After-tax returns are shown for only Investor Class shares and after-tax returns for Atlas Class shares will be different from amounts shown for the Investor Class. The Fund’s return after taxes on distributions and sale of Fund shares may be higher than its return before taxes and its return after taxes on distributions because it may include a tax benefit resulting from capital losses that would have been incurred.
| Average Annual Total Returns | |||||
| (for the periods ended December 31, 2025) | Past Year |
Past 5 Years |
Past 10 Years | ||
| OCM Gold Fund – Atlas Class | |||||
| Return before taxes | 168.04% | 21.21% | 24.29% | ||
| Return after taxes on distributions | 162.31% | 20.43% | 22.35% | ||
| Return after taxes on distributions | |||||
| and sale of Fund shares | 99.86% | 17.03% | 19.99% | ||
| OCM Gold Fund – Investor Class | |||||
| (includes maximum sales charge) | |||||
| Return before taxes | 154.69% | 19.44% | 22.86% | ||
| S&P 500® Index | |||||
| (reflects no deduction for fees, expenses and taxes) | 17.88% | 14.42% | 14.82% | ||
| XAU Index | |||||
| (reflects no deduction for fees, expenses and taxes) | 155.10% | 21.88% | 24.43% |
The Fund uses the XAU Index because that index compares the Fund’s performance with the returns of an index of companies involved in the gold and silver mining industry.