-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MoMbbKAyMHPsYgmQHiPcj0OAMC6UCTKI1MdJQAoTHfj9z1mH8P74pYVD20gRSGJN XuBV3Yi0l5FMVVSVdgm7ug== 0000783194-09-000011.txt : 20091119 0000783194-09-000011.hdr.sgml : 20091119 20091119134842 ACCESSION NUMBER: 0000783194-09-000011 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090930 FILED AS OF DATE: 20091119 DATE AS OF CHANGE: 20091119 EFFECTIVENESS DATE: 20091119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MONETTA FUND INC CENTRAL INDEX KEY: 0000783194 IRS NUMBER: 363397822 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-04466 FILM NUMBER: 091195486 BUSINESS ADDRESS: STREET 1: 1776-A SOUTH NAPERVILLE RD STREET 2: STE 100 CITY: WHEATON STATE: IL ZIP: 60187-8133 BUSINESS PHONE: 6304629800 0000783194 S000006599 Monetta Fund C000018018 Monetta Fund MONTX N-Q 1 nq0909fund.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-44660 Monetta Fund, Inc. ----------------------------------------------------------------- (Exact name of registrant as specified in charter) 1776 S. Naperville Road, Suite 100 Wheaton, IL 60189-5831 ----------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Monetta Financial Services, Inc. 1776-A S. Naperville Road, Suite 100 Wheaton, IL 60189-5831 ----------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 1-630-462-9800 -------------- Date of fiscal year end: December 31 -------------- Date of reporting period: September 30, 2009 ------------------ Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (ss.ss.239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507. ITEM 1. SCHEDULE OF INVESTMENTS MONETTA FUND, INC. SCHEDULE OF INVESTMENTS (UNAUDITED) SEPTEMBER 30, 2009
COMMON STOCK - 90.4% NUMBER OF SHARES VALUE Auto Manufacturers - 0.8% 5,000 Toyota Motor Corp. - SP ADR (b) $392,850 Banks - 2.2% 61,000 Bank of America Corp. 1,032,120 Biotechnology - 1.1% *12,000 Illumina, Inc. 510,000 Chemicals - 0.8% 5,000 Monsanto Co. 387,000 Coal - 1.0% 12,000 Peabody Energy Corp. 446,640 Commercial Services - 3.6% *45,000 Ticketmaster Entertainment, Inc. 526,050 11,000 Visa, Inc. - CL A 760,210 20,000 Western Union Co. 378,400 -------------- 1,664,660 Computers - 4.7% *8,000 Apple, Inc. 1,482,960 *40,000 EMC Corp. 681,600 -------------- 2,164,560 Diversified Financial Services - 8.0% 15,000 American Express Co. 508,500 200,000 Citigroup, Inc. 968,000 *35,000 Genworth Financial, Inc. - CL A 418,250 3,200 The Goldman Sachs Group, Inc. 589,920 20,000 Morgan Stanley 617,600 30,000 The Charles Schwab Corp. 574,500 -------------- 3,676,770 Energy-Alternate Sources - 3.2% *40,000 Clean Energy Fuels Corp. 576,400 *30,000 SunPower Corp. - CL A 896,700 -------------- 1,473,100 Engineering & Construction - 2.1% *30,000 Foster Wheeler Ltd. 957,300 Healthcare-Products - 2.1% 8,000 Baxter Int'l, Inc. 456,080 15,000 Mindray Medical Int'l Ltd. - ADR (b) 489,600 -------------- 945,680 Healthcare-Services - 1.2% 23,000 UnitedHealth Group, Inc. 575,920 Home Builders - 2.0% 50,000 D.R. Horton, Inc. 570,500 32,000 Pulte Homes, Inc. 351,680 -------------- 922,180 Insurance - 2.0% *4 Berkshire Hathaway, Inc. - CL A 404,000 10,000 Prudential Financial, Inc. 499,100 -------------- 903,100 Internet - 13.3% *8,000 Amazon.com, Inc. 746,880 *2,900 Baidu, Inc. - SP ADR (b) 1,134,045 *30,000 eBay, Inc. 708,300 *6,000 Equinix, Inc. 552,000 *5,000 Google, Inc. - CL A 2,479,250 *27,000 Yahoo! Inc. 480,870 -------------- 6,101,345 Lodging - 1.7 % *30,000 Las Vegas Sands Corp. 505,200 *22,000 MGM Mirage, Inc. 264,880 -------------- 770,080 Machinery-Construction & Mining - 1.0% 9,000 Joy Global, Inc. 440,460 Media - 2.8% *2,000,000 Sirius Satellite Radio, Inc. 1,270,000 Mining - 1.8% 12,000 Freeport-McMoran Copper & Gold, Inc. - CL B 823,320 Oil & Gas - 10.4% 40,000 Chesapeake Energy Corp. 1,136,000 28,000 Petroleo Brasileiro S.A. - SP ADR (b) 1,285,200 *19,000 Southwestern Energy Co. 810,920 20,000 Suncor Energy, Inc. 691,200 *10,000 Transocean Ltd. 855,300 -------------- 4,778,620 Oil & Gas Services - 2.5% 20,000 Halliburton Co. 542,400 10,000 Schlumberger Ltd. 596,000 -------------- 1,138,400 Pharmaceuticals - 4.6% *7,500 Express Scripts, Inc. 581,850 *15,000 Gilead Sciences, Inc. 698,700 *15,000 Medco Health Solutions, Inc. 829,650 -------------- 2,110,200 Real Estate - 1.1% *45,000 CB Richard Ellis Group, Inc. 528,300 Retail - 0.9% *20,000 Starbucks Corp. 413,000 Semiconductors - 3.6% *15,000 Broadcom Corp. - CL A 460,350 25,000 Intel Corp. 489,250 20,000 KLA-Tencor Corp. 717,200 -------------- 1,666,800 Software - 2.0% 35,000 Microsoft Corp. 906,150 Telecommunications - 9.9% 13,000 America Movil S.A. de C.V. - ADR Series L (b) 569,790 6,000 China Mobile Ltd. - SP ADR (b) 294,660 35,000 China Unicom Ltd. - SP ADR (b) 498,400 *35,000 Cisco Systems, Inc. 823,900 *25,000 Leap Wireless Int'l, Inc. 488,750 *60,000 MetroPCS Communications, Inc. 561,600 20,000 Qualcomm, Inc. 899,600 *110,000 Sprint Nextel Corp. 434,500 -------------- 4,571,200 -------------- TOTAL COMMON STOCK 41,569,755 (COST $35,942,087)(a) MUTUAL FUNDS - 11.3% NUMBER OF SHARES 903,279 AIM Liquid Assets Portfolio - Institutional Class 903,278 2,349,772 Fidelity Money Market Portfolio - Class Select 2,349,772 1,953,829 Monetta Gov't Money Market Fund (c) 1,953,829 ------------- TOTAL MUTUAL FUNDS 5,206,879 (COST $5,206,879)(a) ------------- TOTAL INVESTMENTS - 101.7% 46,776,634 (cost $41,148,966)(a) OTHER ASSETS LESS LIABILITIES - (1.7%) (799,578) -------------- TOTAL NET ASSETS - 100% $45,977,056 ==============
(a) Cost for book and tax purposes is $41,148,966; the aggregate gross unrealized appreciation is $6,381,191 and the aggregate gross unrealized depreciation is $753,523, resulting in net unrealized appreciation of $5,627,668. (b) American Depository Receipt (ADR). (c) Affiliated fund. * Non-income producing security. Various inputs are used in determining the value of the fund's investments relating to Fair Value Measurements and Disclosures Topic, of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification. These inputs are summarized in the three broad levels listed below: * Level 1 - quoted prices in active markets for identical securites; * Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.); * Level 3 - significant unobservable inputs, (including fund's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following table summarizes the respective Funds' investments at September 30, 2009, based on the inputs used to value them (in thousands):
INVESTMENTS IN SECURITIES (Unaudited) Types of Investments LEVEL 1 LEVEL 2 LEVEL 3 TOTAL MONETTA FUND - Common Stocks $ 41,569,755 $ 0 $ 0 $ 41,569,755 Money Market Funds $ 5,206,879 $ 0 $ 0 $ 5,206,879 ---------- ---------- ----- ---------- FUND TOTAL $ 46,776,634 $ 0 $ 0 $ 46,776,634
For additional cateogry information for the investments in securities presented above, please refer to the Monetta Fund's Schedule of Investments. ITEM 2. CONTROLS AND PROCEDURES (a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under Act(17 CFR 270.30a-3(c))) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under Act(17 CFR270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act(17 CFR 240.13a-15(b) or 240.15d-15(b)). (b) There were no significant changes in the registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act(17 CFR270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal controls over financial reporting. ITEM 3. EXHIBITS Certification for the principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17CFR270.30A-2(a)). SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Monetta Funds, Inc. ------------------------------------------------------------------- By (Signature and Title)* /s/ ROBERT S. BACARELLA ------------------------------------------------------- Robert S. Bacarella, Principal Executive Officer Date November 19, 2009 ---------------------------------------------------------------------------- (Registrant) Monetta Funds, Inc. ------------------------------------------------------------------- By (Signature and Title)* /s/ Lynn H. Waterloo ------------------------------------------------------- Lynn H. Waterloo, Principal Financial Officer Date November 19, 2009 -------------------------------------------------------------------------- Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title)* /s/ ROBERT S. BACARELLA ------------------------------------------------------- Robert S. Bacarella, Principal Executive Officer Date November 19, 2009 ---------------------------------------------------------------------------- By (Signature and Title)* /s/ LYNN H. WATERLOO ------------------------------------------------------- Lynn H. Waterloo, Principal Financial Officer Date November 19, 2009 ---------------------------------------------------------------------------- EX-99.CERT 2 nqfundcert.txt CERTIFICATION FOR EACH PRINCIPAL EXECUTIVE OFFICER(S) AND PRINCIPAL FINANCIAL OFFICER(S) OF THE REGISTRANT AS REQUIRED BY RULE 30a-2(a) UNDER THE ACT (17CFR270.30a-2(a)): I, Robert S. Bacarella, certify that: 1. I have reviewed this report on Form N-Q of Monetta Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal controls and procedures to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: November 19, 2009 /s/ ROBERT S. BACARELLA --------------------------- ------------------------------------------ Robert S. Bacarella, Principal Executive Officer I, Lynn H. Waterloo, certify that: 1. I have reviewed this report on Form N-Q of Monetta Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal controls and procedures to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: November 19, 2009 /s/ LYNN H. WATERLOO --------------------------- -------------------------------------------- Lynn H. Waterloo, Principal Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----