ATLANTA, April 10, 2007 (PRIME NEWSWIRE) -- WorldCommodity Funds, Inc. announces the launch of its first mutual fund, the open-end, no-load, WorldCommodity Fund(tm). WorldCommodity Fund reported a total return of 10.90% for the three month period ending March 30, 2007; and 14.33% since inception on October 27, 2006. The fund's first quarter performance of 10.90% ranks among the top 15 open-end mutual funds available to U.S. investors among the 8,800 funds tracked by Morningstar.com and the third-best performing of the 40 open-end funds in Morningstar's Specialty-Natural Resources category.
"Commodities continue to offer investors outstanding performance, despite a pullback in February," said Jim Llewellyn, portfolio manager of the WorldCommodity Fund. Commodities prices as measured by the broadest index, the Rogers International Commodities Index(r), were up 2.83% in the first quarter, outperforming U.S. equities and bonds in 2007. "With Asian economies' accelerating demand for all commodities, and a shrinking of worldwide inventories, the prospects for natural resource companies continue to be extremely attractive."
WorldCommodity Fund 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 actively managed, allowing the adviser to invest without limitation in one or more of these commodity sub-sectors. "As a group, the agricultural commodities have underperformed since 1998; the broadest agricultural index, the Rogers International Commodity Index(r) Agriculture Total Return (RICI(r)-A Total Return) fell 4.45% in the first quarter of 2007," said Llewellyn. "Despite higher commodity prices generally, we are finding tremendous value in companies producing, distributing, and processing agricultural commodities such as cotton, wheat, other cereal grains, sugar, etc."
About WorldCommodity Funds, Inc.
WorldCommodity Funds, Inc. is a series fund with one portfolio, the WorldCommodity Fund(tm). 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(tm).
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.
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