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        <name>T Rowe Price Group Inc</name>
        <lei>549300SIV6FPS9Y7IH33</lei>
        <title>T Rowe Price Group Inc</title>
        <cusip>74144T108</cusip>
        <identifiers>
          <isin value="US74144T1088"/>
          <ticker value="TROW"/>
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        <balance>-1800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-208440.00000000</valUSD>
        <pctVal>-1.47985411211</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912796SX8</cusip>
        <identifiers>
          <isin value="US912796SX88"/>
          <other otherDesc="SEDOL" value="BK6WVN9"/>
        </identifiers>
        <balance>345000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>344335.30000000</valUSD>
        <pctVal>2.444665177753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-19</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912796TS8</cusip>
        <identifiers>
          <isin value="US912796TS84"/>
          <other otherDesc="SEDOL" value="BKWBFG1"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1488461.25000000</valUSD>
        <pctVal>10.56757580855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEDNAX Inc</name>
        <lei>N/A</lei>
        <title>MEDNAX Inc</title>
        <cusip>58502B106</cusip>
        <identifiers>
          <isin value="US58502B1061"/>
          <ticker value="MD"/>
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        <balance>-2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-43920.00000000</valUSD>
        <pctVal>-0.31181727405</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco DB Commodity Index Tracking Fund</name>
        <lei>549300HIW8J5DIIYYM41</lei>
        <title>Invesco DB Commodity Index Tracking Fund</title>
        <cusip>46138B103</cusip>
        <identifiers>
          <isin value="US46138B1035"/>
          <ticker value="DBC"/>
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        <balance>9900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>151767.00000000</valUSD>
        <pctVal>1.077494814014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Spectrum Brands Holdings Inc</name>
        <lei>549300JM0MJETDD30O20</lei>
        <title>Spectrum Brands Holdings Inc</title>
        <cusip>84790A105</cusip>
        <identifiers>
          <isin value="US84790A1051"/>
          <ticker value="SPB"/>
        </identifiers>
        <balance>-2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-100420.00000000</valUSD>
        <pctVal>-0.71294833015</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
        <cusip>478160104</cusip>
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          <isin value="US4781601046"/>
          <ticker value="JNJ"/>
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        <balance>-1000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-132040.00000000</valUSD>
        <pctVal>-0.93743972828</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Transportation Average ETF</name>
        <lei>54930060GGS23N7A3X92</lei>
        <title>iShares Transportation Average ETF</title>
        <cusip>464287192</cusip>
        <identifiers>
          <isin value="US4642871929"/>
          <ticker value="IYT"/>
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        <balance>-1000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-188720.00000000</valUSD>
        <pctVal>-1.33984872403</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WI TSY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill - WI Post Auction</title>
        <cusip>912796RY7</cusip>
        <identifiers>
          <isin value="US912796RY70"/>
          <other otherDesc="Sedol" value="BGC26B8"/>
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        <balance>4785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4766817.00000000</valUSD>
        <pctVal>33.84280243304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VanEck Vectors Semiconductor ETF</name>
        <lei>549300MJTG2N9QRH7I02</lei>
        <title>VanEck Vectors Semiconductor ETF</title>
        <cusip>92189F676</cusip>
        <identifiers>
          <isin value="US92189F6768"/>
          <ticker value="SMH"/>
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        <balance>-3200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-407968.00000000</valUSD>
        <pctVal>-2.89643601233</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Baidu Inc</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu Inc</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
          <ticker value="BIDU"/>
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        <balance>-350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-35647.50000000</valUSD>
        <pctVal>-0.25308529774</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WWE</name>
        <lei>549300WZVLSCS3L4L698</lei>
        <title>World Wrestling Entertainment Inc</title>
        <cusip>98156Q108</cusip>
        <identifiers>
          <isin value="US98156Q1085"/>
          <ticker value="WWE"/>
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        <balance>-2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-112080.00000000</valUSD>
        <pctVal>-0.79573042067</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Walgreens Boots Alliance Inc</name>
        <lei>549300RPTUOIXG4LIH86</lei>
        <title>Walgreens Boots Alliance Inc</title>
        <cusip>931427108</cusip>
        <identifiers>
          <isin value="US9314271084"/>
          <ticker value="WBA"/>
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        <balance>-2800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-153384.00000000</valUSD>
        <pctVal>-1.08897497185</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>RUSSELL 2000 MINI INDEX</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="RTYZ9"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG00LYNJMV2"/>
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        <balance>-20.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>17884.60000000</valUSD>
        <pctVal>0.126974663469</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
              <counterpartyLei>SNZ2OJLFK8MNNCLQOF39</counterpartyLei>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>FINANCIAL TIMES STOCK EXCHANGE</issuerName>
                <issueTitle>RUSSELL 2000 INDEX</issueTitle>
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                  <cusip value="000000000"/>
                  <ticker value="RTY"/>
                  <other otherDesc="INTERNAL" value="RTY_INDEX_US"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2019-12-20</expDate>
            <notionalAmt>-1581284.6</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>17884.6</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Energy Select Sector SPDR Fund</name>
        <lei>54930064FLK0RD4TRU75</lei>
        <title>Energy Select Sector SPDR Fund</title>
        <cusip>81369Y506</cusip>
        <identifiers>
          <isin value="US81369Y5069"/>
          <ticker value="XLE"/>
        </identifiers>
        <balance>-5000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-289800.00000000</valUSD>
        <pctVal>-2.05748283290</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin Resources Inc</name>
        <lei>RIFQSET379FOGTEFKS80</lei>
        <title>Franklin Resources Inc</title>
        <cusip>354613101</cusip>
        <identifiers>
          <isin value="US3546131018"/>
          <ticker value="BEN"/>
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        <balance>-1300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-35815.00000000</valUSD>
        <pctVal>-0.25427449158</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clorox Co/The</name>
        <lei>54930044KVSC06Z79I06</lei>
        <title>Clorox Co/The</title>
        <cusip>189054109</cusip>
        <identifiers>
          <isin value="US1890541097"/>
          <ticker value="CLX"/>
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        <balance>-1500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-221535.00000000</valUSD>
        <pctVal>-1.57282422148</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spotify Technology SA</name>
        <lei>549300B4X0JHWV0DTD60</lei>
        <title>Spotify Technology SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1778762911"/>
          <ticker value="SPOT"/>
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        <balance>-1000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-144300.00000000</valUSD>
        <pctVal>-1.02448161762</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Inc</name>
        <lei>549300LRIF3NWCU26A80</lei>
        <title>BlackRock Inc</title>
        <cusip>09247X101</cusip>
        <identifiers>
          <isin value="US09247X1019"/>
          <ticker value="BLK"/>
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        <balance>-200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-92340.00000000</valUSD>
        <pctVal>-0.65558303930</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK STOCK EXCHANGE</name>
        <lei>549300HIIRNTNKXV3M12</lei>
        <title>CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="XLY 12 P107"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG00NZ0QF99"/>
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        <balance>30.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>600.00000000</valUSD>
        <pctVal>0.004259798825</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NEW YORK STOCK EXCHANGE</counterpartyName>
              <counterpartyLei>549300HIIRNTNKXV3M12</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Consumer Discretionary Select Sector SPDR Fund</issuerName>
                <issueTitle>Consumer Discretionary Select Sector SPDR Fund</issueTitle>
                <identifiers>
                  <cusip value="81369Y407"/>
                  <isin value="US81369Y4070"/>
                  <ticker value="XLY"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>107</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2019-12-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-7756.14</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR Gold Shares</name>
        <lei>N/A</lei>
        <title>SPDR Gold Shares</title>
        <cusip>78463V107</cusip>
        <identifiers>
          <isin value="US78463V1070"/>
          <ticker value="GLD"/>
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        <balance>5500.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>GATX Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK STOCK EXCHANGE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Janus Henderson Group PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Las Vegas Sands Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CBOE GLOBAL MARKETS, INC.</name>
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        <name>Raymond James Financial Inc</name>
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        <name>Charles Schwab Corp/The</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cheesecake Factory Inc/The</name>
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        <name>CHICAGO MERCANTILE EXCHANGE</name>
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        <name>3M Co</name>
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        <name>Greenbrier Cos Inc/The</name>
        <lei>5493001GAGGFR30BP390</lei>
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        <name>Direxion Daily Small Cap Bull 3X Shares</name>
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        <name>NASDAQ, INC.</name>
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        <name>VanEck Vectors Gold Miners ETF</name>
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        <name>iShares MSCI Global Gold Miners ETF</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CBOE GLOBAL MARKETS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Credit Suisse AG/Nassau</name>
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        <fairValLevel>1</fairValLevel>
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        <name>International Paper Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mettler-Toledo International I</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United Parcel Service Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wynn Resorts Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares China Large-Cap ETF</name>
        <lei>5493001YVWPO25CNKN94</lei>
        <title>iShares China Large-Cap ETF</title>
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          <isin value="US4642871846"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Netflix Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MGM Resorts International</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NASDAQ, INC.</name>
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        <name>TREASURY BILL</name>
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        <name>TREASURY BILL</name>
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        <name>iShares Silver Trust</name>
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        <name>iRobot Corp</name>
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        <name>Alibaba Group Holding Ltd</name>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Altria Group Inc</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
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        <name>Caterpillar Inc</name>
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        <title>Caterpillar Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912796RN1</cusip>
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          <isin value="US912796RN16"/>
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        <balance>1945000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-05</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Herbalife Nutrition Ltd</name>
        <lei>549300BA7TYPBSZZIA41</lei>
        <title>Herbalife Nutrition Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4412G1010"/>
          <ticker value="HLF"/>
        </identifiers>
        <balance>-2000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-89340.00000000</valUSD>
        <pctVal>-0.63428404517</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2019-11-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Comstock Funds Inc</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
