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)
For the year ending Dec. 31, 2009***, the Encompass Fund was the number one World Stock Fund out of 722 funds with a return of 137%. The fund also ranked fifth among all 16,000 mutual funds tracked by Morningstar in 2009 while keeping an allocation of about 25%–30% in cash for much of the year due to the volatile market.