OCM Gold Fund Wins Multiple LSEG Lipper Awards for 5th Consecutive Year
OCM Gold Fund Designated “Best Precious Metals Equity Fund” by LSEG Lipper 2024 for 5 & 10 year periods.
LIVERMORE, CA (March 14, 2024) – Orrell Capital Management (OCM) announced today that the OCM Gold Fund, Atlas Class (ticker: OCMAX) has received the 2024 Lipper Fund Award in the United Stated from LSEG for “Best Precious Metals Equity Fund” over two measurement categories, the, five, and ten-year periods ending November 30, 2023[i].
“A LSEG Lipper Fund Award has lasting value and focuses the investment world on top funds.They reflect a truly independent and uncompromised assessment of performance,” said Robert Jenkins, Head of Global Research, LSEG Lipper. For more than three decades, these awards have recognized funds and fund management firms for their consistently strong risk-adjusted performance relative to their peers. Based on Lipper’s quantitative, proprietary methodology, the awards reflect a truly independent and uncompromised assessment of fund performance.
“We are proud to receive the 2024 LSEG Lipper Award for the OCM Gold Fund.” said Greg Orrell, President, and Senior Portfolio Manager of OCM. “Being recognized for the fifth consecutive year across the 10-year period and the fourth consecutive year across the 5-year period is not only a testament to the performance of the fund versus its peers over several time periods awarded but is also confirmation of our investment process rooted in our experience and singular focus on the precious metals equity space.”
This year’s awards add to OCM’s recent recognition, as the fund has received the 10 year award for the fifth consecutive year and the 5 year award for the 4th consecutive year. OCM earned “Best Precious Metal Equity Fund” over the 3-year period in 2019, 2020, and 2021.
“We are presently witnessing record high gold prices in all currencies in the face of rising real rates and Big Tech stock market exuberance, both of which have historically been headwinds for rising gold prices. We believe the gold market is sending a clear message to all those willing to pay attention. Namely, past fiscal and monetary policy decisions have led to unsustainable levels of total federal debt outstanding in the U.S.. It will be difficult to resolve the current fiscal situation without accelerated currency debasement or a politically untenable fiscal belt tightening that would threaten an unwind of the leveraged global economy.
Further, the weaponization of the U.S. dollar through economic sanctions and the confiscation of sovereign assets has led to pushback by countries not aligned with the West seeking a neutral reserve asset away from the U.S. dollar. Consequently, central bank gold purchases have reached the highest level since 1967. In our opinion, monetary authorities will be challenged to maintain credibility while maintaining the purchasing power of fiat currencies. The current level of risk for investors reinforces OCM’s long-held view that owning gold related assets is a key component of a well-diversified investment portfolio” added Mr. Orrell.
Important Disclosures
Investors should carefully consider the investment objectives, risks, charges, and expenses of the OCM Gold Fund. This and other important information about a Fund are contained in a Fund’s Prospectus, which can be obtained by calling 1-800-779-4681. The Prospectus should be read carefully before investing. The Fund invests in gold and other precious metals, which involves additional risks, such as the possibility for substantial price fluctuations over a short period of time and may be affected by unpredictable international monetary and political developments such as currency devaluations or revaluations, economic and social conditions within a country, trade imbalances, or trade or currency restrictions between countries. The prices of gold and other precious metals may decline versus the dollar, which would adversely affect the market prices of the securities of gold and precious metals producers. The Fund may also invest in foreign securities which involve greater volatility and political, economic, and currency risks and differences in accounting methods. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. Prospective investors who are uncomfortable with an investment that will fluctuate in value should not invest in the Fund. XAU Index is the Philadelphia Gold and Silver Index. It is an unmanaged capitalization weighted index composed of 16 companies listed on US exchanges involved in the gold and silver mining industry. HUI Index also known as gold BUGS index is the NYSE Arca’s index measuring gold companies that do not hedge their gold production beyond a year and a half. The S&P 500 Index, a registered trademark of McGraw-Hill Co., Inc. is a market capitalization-weighted index of 500 widely held common stocks. You cannot invest directly in an index. Investments cannot be made in an index. Unmanaged index returns do not reflect any fees, expenses, or sales charges. A cryptocurrency is a digital representation of a stored value secured through cryptography. Although Bitcoin might be one of the most widely known cryptocurrencies today, there are many others. The markets for cryptocurrencies remain highly volatile and risky. Before turning your hard-earned cash into crypto, use the resources below from FINRA and other regulatory authorities to learn more about these markets and products. Past performance is no guarantee of future results OCM Gold Fund: Advisors Class Best Fund out of 17 eligible investment companies for the three and five-year periods and 15 eligible investment companies for the ten-year periods ending 11/31/2022 based on consistent annualized total returns. The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk adjusted performance measure calculated over 36,60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper Past performance is no guarantee of future results. There is no guarantee that the Fund will achieve its objective. Diversification does not ensure a profit or guarantee against loss. The prices of securities of gold and precious metals producers have been subject to substantial price fluctuations over short periods of time and may be affected by unpredictable international monetary and political developments, such as currency devaluations or revaluations, economic and social conditions within a country, trade imbalances, or trade or currency restrictions between countries. The prices of gold and other precious metals may decline versus the dollar, which would adversely affect the market prices of the securities of gold and precious metals producers. Because the Fund concentrates its investments in the gold mining industry, a development adversely affecting that industry (for example, changes in the mining laws which increase production costs) would have a greater adverse effect on the Fund than it would if the Fund invested in a number of different industries. The thoughts and opinions expressed in the article are solely those of the author as of March 14th, 2024
3211-NLD-03/07/2024 |
Funds are distributed by Northern Lights, LLC, FINRA/SIPC. Orrell Capital Management, Inc. and Northern Lights Distributors, LLC are not affiliated. |