The Encompass Fund (ENCPX), www.encompassfund.com, a go-anywhere, open-end mutual fund that posted a 137% return in 2009*, continues to outperform this year. The fund gained 22.14% as of October 31, 2010 to rank in the top 1% in Morningstar’s World Stock Fund category out of 830 mutual funds for the year-to-date period ended October 31, 2010. This compares to a 4.72% return for the fund’s Morningstar benchmark, the MSCI EAFE NR USD Index**, and the 9.08% return for the Wilshire 5000 Index***. The Encompass Fund invests in companies of all sizes, from micro-cap to large cap, in a number of diverse sectors and parts of the world. The managers have emphasized commodity companies since the fund’s inception in June 2006. Veteran wealth managers Malcolm Gissen and Marshall Berol of Malcolm H. Gissen & Associates, Inc., created the Encompass Fund to provide investors access to typically undiscovered investment opportunities in sectors and companies that promise significant future growth. “Our strategy is to seek out the truly solid but perhaps little-known companies doing business in places like Mongolia, Burkina Faso, Mali, Turkey, and Cuba,” said Marshall Berol, fund co-manager. “There are also some value plays right here in the US, Canada, and Latin America. Often the fund participates in private offerings and initial public offerings, which gives shareholders access to investments not normally available to them.” As of Oct. 31, 2010, the fund’s top five holdings were:
- Avalon Rare Metals (AVL.TO; AVARF.PK)
- Uranium Energy Corp. (UEC)
- Delcath Systems (DCTH)
- Petrodorado Energy (PDQ.V; PTRDF.PK)
- Avion Gold Corp. (AVR.V; AVGCF.PK)
The Encompass Fund is a no-load mutual fund with no 12b-1 fee. For more information, visit www.encompassfund.com.About the Encompass Fund (ENCPX) The Encompass Fund was established in 2006 and is advised by Brick Asset Management, Inc., which is affiliated with Malcolm H. Gissen & Associates, Inc. The fund invests in companies of all sizes in North America and throughout the world. Shareholders gain access to smaller, lesser-known companies that management believes offer significant growth potential. *For the calendar year ended 12/31/09. The Encompass Fund was ranked No. 1 among 722 World Stock funds tracked by Morningstar for the one-year period ended 12/31/09. The Encompass Fund was ranked No. 12 among 530 World Stock funds tracked by Morningstar for the three-year period ended 12/31/09. **The Encompass Fund had a total return of 137.31% compared to 31.78% for the MSCI EAFE NR USD for the year ended 12/31/09. The Encompass Fund had an average annualized return of –1.10% compared to –1.41% for the MSCI EAFE NR USD since inception on 6/30/06 through 12/31/09. Returns include change-in-share prices and in each case include reinvestment of any dividends and capital gain distributions. The MSCI EAFE (Europe, Australasia, Far East) NR USD is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. *** The Encompass Fund had a total return of 45.11% compared to 18.31% for the Wilshire 5000 and 8.36% for the MSCI EAFE NR USD for the one-year period ended 10/31/10. The Encompass Fund had an average annualized return of 3.78% compared to 0.89% for the Wilshire 5000 and –0.09% for the MSCI EAFE NR USD since inception on 6/30/06 through 10/31/10. Returns include change in share prices and in each case includes reinvestment of any dividends and capital gain distributions. The MSCI EAFE (Europe, Australasia, Far East) NR USD is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. You may obtain performance data current to the most recent month-end by calling the transfer agent at 1-888-463-3957. Investors should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. You may obtain a prospectus by calling the transfer agent at 1-888-463-3957 or at www.encompassfund.com . The prospectus should be read carefully before investing.