ATLANTA, Aug. 4, 2009 (GLOBE NEWSWIRE) -- WorldCommodity Fund (tm) (Nasdaq:WCOMX), a no-load, open-end mutual fund, announces the issuance of its trading symbol WCOMX. Net asset values are computed at market close and distributed daily to the public and financial market data vendors via NASDAQ's Mutual Fund Quotation Service. Shareholders should find the new trading symbol allows them to track daily closing prices as well as to more easily compare WCOMX's performance with the other 9,000 mutual funds available to U.S. investors at a variety of broker-dealer websites and financial portals.
The WorldCommodity Fund reported a total return of 8.76% for the one year period ending August 3, 2009 and 31.27% for the year-to-date period. The Fund's one year total return of 8.76% made it the top performer and only fund to report a positive total return among its peers in Morningstar.com's Specialty-Natural Resources category.
"Clearly, investors in all asset classes have witnessed one of the worst liquidations in 80 years," said Jim Llewellyn, portfolio manager of the WorldCommodity Fund. In the one year ending August 3, 2009, commodity prices as measured by the broadest index, the Rogers International Commodity Index(r), were down 40.29%, global equity prices as measured by the MSCI All World Index(r) were down 20.40%, and natural resource mutual funds as measured by the Morningstar(r) Specialty-Natural Resource Fund category were down 35.54%. "For commodity prices in particular, six years of gains in the RICI(r) were lost in six months, which represents a tremendous opportunity for investors who have been patiently waiting to participate," said Llewellyn.
About WorldCommodity Fund
The WorldCommodity Fund(tm) takes a global approach, looking for opportunities in natural resources by investing in equities of commodity-related companies involved in the agriculture, energy, and metals sectors. The Fund's portfolio is managed by McConnell Asset Management, LLC, a registered investment advisory firm based in Atlanta, Georgia. Founded in 2004, McConnell is dedicated to creating a family of commodity-oriented and natural resource-based mutual funds, the WorldCommodity Funds.
The WorldCommodity Fund logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3583
The Rogers International Commodity Index(r)-RICI(r) is a composite, U.S. dollar-based, total return index designed by James Beeland Rogers, Jr. The WorldCommodity Fund(tm) is not sponsored, endorsed, sold or promoted by Beeland Interests, Inc. or James Beeland Rogers, Jr.
Before investing, carefully consider the Fund's investment objectives, risks, charges and expenses. Call the transfer agent at 800-595-4922 extension 106 to request a prospectus, which contains this and other information about the Fund. Read it carefully before you invest or send money.
Performance data quoted above is historical. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. You may obtain performance data by visiting www.worldcommodityfunds.com/profile or by calling 1-800-595-4922 extension 106.