LIVERMORE, Calif.--(BUSINESS WIRE)--Orrell Capital Management (OCM) announced today that the OCM Gold Fund, Advisors Class (ticker: OCMAX) has received the 2021 Lipper Fund Award in the United Stated from Refinitiv for Best Precious Metals Equity Fund over the three, five, and ten-year periods ending December 31, 2020i.
Lipper Fund Awards honor funds that have excelled in providing consistently strong risk-adjusted performance relative to similar funds, based on Lipper’s proprietary performance-based methodology.
“We are honored to receive the 2021 Lipper Award for our OCM Gold Fund.” said Greg Orrell, President and Senior Portfolio Manager of OCM. “Being recognized for the second consecutive year is not only a testament to the performance of the fund versus its peers over all three time periods but is also confirmation of our skill and expertise in the precious metals equity space that our shareholders expect.”
“The events of the past year have only reinforced our long-held view that owning gold related assets is an important component of a well-diversified investment portfolio” added Mr. Orrell. “Since President Nixon closed the Gold Window in 1971, gold prices have been highly correlated to Total U.S. Federal Debt outstanding. In our opinion, owning gold assets is not just a portfolio diversifier, but also a hedge against undisciplined fiscal and monetary policies by policy makers.’
About Orrell Capital Management:
For more than 20 years, Orrell Capital Management (OCM) has been providing investors specialized active investment management in precious metals equities. OCM has a strong belief and understanding in gold’s monetary attributes and seeks to deliver investment performance through a disciplined approach utilizing our in-depth knowledge of gold’s monetary attributes and the precious metals mining industry. Our investment philosophy emphasizes preserving the long-term purchasing power of client portfolios as the foundation for maximizing total rates of return. We believe our precious metals equity products can provide favorable rates of return as a contra-cyclical investment in periods of declining financial asset markets. In addition, our management style of seeking value and growth in precious metals mining equities offers the opportunity for competitive total rates of return in stable gold market environments.
About Refinitiv Lipper Fund Awards:
The highly respected Refinitiv Lipper Awards have honored funds and fund management firms for more than 30 years and in more than 17 countries that have excelled in providing consistently strong risk -adjusted performance relative to their peers and focus the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at www.lipperfundawards.com.
i 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 12/31/2020 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 Refinitive 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.
Please carefully consider a fund’s investment objectives, risks, charges, and expenses. Please refer to the Prospectus for important information about the investment company including investment objective, risks, charges, and expenses, which should be considered carefully before investing.
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.
OCM Gold Fund is distributed by Northern Lights Distributors, LLC Member FINRA/SIPC
Orrell Capital Management, Inc. and Northern Lights Distributors, LLC are not affiliated entities.
ORRELL CAPITAL MANAGEMENT, INC
2600 Kitty Hawk Road, Suite 119
Livermore, CA 94551