0001145549-22-006214.txt : 20220210
0001145549-22-006214.hdr.sgml : 20220210
20220210133840
ACCESSION NUMBER: 0001145549-22-006214
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20211130
FILED AS OF DATE: 20220210
DATE AS OF CHANGE: 20220210
EFFECTIVENESS DATE: 20220210
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: OCM MUTUAL FUND
CENTRAL INDEX KEY: 0000745338
IRS NUMBER: 226444024
FISCAL YEAR END: 1130
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-04010
FILM NUMBER: 22612899
BUSINESS ADDRESS:
STREET 1: 2600 KITTY HAWK ROAD
STREET 2: SUITE 119
CITY: LIVERMORE
STATE: CA
ZIP: 94551
BUSINESS PHONE: 414-299-2000
MAIL ADDRESS:
STREET 1: C/O UMB FUND SERVICES, INC.
STREET 2: 235 W. GALENA ST.
CITY: MILWAUKEE
STATE: WI
ZIP: 53212-3948
FORMER COMPANY:
FORMER CONFORMED NAME: PIA MUTUAL FUND
DATE OF NAME CHANGE: 20030402
FORMER COMPANY:
FORMER CONFORMED NAME: MONTEREY MUTUAL FUND
DATE OF NAME CHANGE: 19970325
FORMER COMPANY:
FORMER CONFORMED NAME: MONITREND MUTUAL FUND
DATE OF NAME CHANGE: 19920703
0000745338
S000005294
OCM MUTUAL FUND
C000014470
OCM Gold Fund - Investor Class
OCMGX
C000101831
OCM Gold Fund - Advisor Class
OCMAX
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0000745338
XXXXXXXX
true
false
false
N-1A
true
OCM MUTUAL FUND
811-04010
0000745338
549300AKSS68PWZOHM90
2600 Kitty Hawk Rd., Suite 119
Livermore
94551
US-CA
US
8007794681
UMB FUND SERVICES, INC.
235 WEST GALENA STREET
MILWAUKEE
53212
4142992000
FUND ACCOUNTANT, ADMINISTRATOR, CUSTODIAN
Orrell Capital Management, Inc.
2600 Kitty Hawk Rd., Suite 119
Livermore
94551
8007794681
ADVISOR
N
N
N
N-1A
1
Y
GREG ORRELL
001190768
Y
DOUG WEBENBAUER
N/A
N
PETER HAYMAN
001725683
N
EMILE MOLINEAUX
N/A
1010 B Street, Suite 301
San Rafael
94901
XXXXXX
N
N
N
N
N
N
N
N
NORTHERN LIGHTS DISTRIBUTORS, LLC
8-65857
000126159
N/A
N
N
TAIT, WELLER AND BAKER LLP
00445
N/A
N
N
N
N
N
N
N
OCM MUTUAL FUND
S000005294
5493007254B8R9O2U456
N
2
0
0
N/A
Y
N
Y
N
N/A
N/A
N/A
Rule 22d-1 (17 CFR 270.22d-1)
Y
N
Y
N
ORRELL CAPITAL MANAGEMENT, INC.
801-38997
000112487
N/A
N
UMB FUND SERVICES, INC.
084-05792
N/A
N
N
N
INTERCONTINENTAL EXCHANGE, INC.
5493000F4ZO33MV32P92
N
N
CITIGROUP PTY LTD
N/A
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
RBC INV SERVICES
N/A
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
EUROCLEAR
N/A
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SEB NORWAY
N/A
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SEB AB PUBL
N/A
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UMB BANK, NATIONAL ASSOCIATION
VNOO6EITDJ2YUEBMSZ83
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
N
N
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
N
N
N
RAYMOND JAMES AND ASSOCIATES, INC.
8-10999
000000705
U4ONQX15J3RO8XCKE979
14790.000000000000
PI FINANCIAL CORP
N/A
N/A
N/A
CA
4535.000000000000
POLLITT AND COMPANY, INC.
N/A
N/A
N/A
CA
5050.000000000000
DESJARDINS SECURITIES INTERNATIONAL, INC.
8-53256
000112417
549300B4CXC1UJNQTQ42
CA
18682.000000000000
CANACCORD GENUITY CORP.
8-3271
000001020
WTX5X269IUOQ9YMI7R44
3486.000000000000
WALL STREET ACCESS
8-25936
000010012
549300Z0MOT47D6OQV22
8715.000000000000
Paradigm Capital U.S. Inc.
8-52885
000104425
N/A
631.000000000000
55888.000000000000
DESJARDINS SECURITIES INTERNATIONAL, INC.
8-53256
000112417
549300B4CXC1UJNQTQ42
CA
484418.000000000000
CANACCORD GENUITY CORP.
8-3271
000001020
WTX5X269IUOQ9YMI7R44
412574.000000000000
Sprott Securities, Inc.
N/A
N/A
N/A
CA
311009.000000000000
RAYMOND JAMES AND ASSOCIATES, INC.
8-10999
000000705
U4ONQX15J3RO8XCKE979
1310658.000000000000
2518659.000000000000
N
74959552.000000000000
N
N
N
N
true
INTERNAL CONTROL RPT
2
ocmncen113021.txt
OCM INTERNAL CONTROL LETTER
REPORT OF INDEPENDENT
REGISTERED PUBLIC
ACCOUNTING FIRM
To the Shareholders and
Board of Trustees of
OCM Mutual Fund
Livermore, California 94551
In planning and performing our audit of
the financial statements of OCM Gold
Fund (the Fund), a series of OCM Mutual
Fund, as of and for the year ended
November 30, 2021, in accordance with
the standards of the Public Company
Accounting Oversight Board (United
States), we considered its internal control
over financial reporting, including control
activities for safeguarding securities, as a
basis for designing our auditing
procedures for the purpose of expressing
our opinion on the financial statements
and to comply with the requirements of
Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness
of the Funds internal control over financial
reporting. Accordingly, we express no
such opinion.
The management of the Fund is
responsible for establishing and
maintaining effective internal control over
financial reporting. In fulfilling this
responsibility, estimates and judgments by
management are required to assess the
expected benefits and related costs of
controls. A companys internal control
over financial reporting is a process
designed 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. A companys
internal control over financial reporting
includes those policies and procedures that
(1) pertain to the maintenance of records
that, in reasonable detail, accurately and
fairly reflect the transactions and
dispositions of the assets of the company;
(2) provide reasonable assurance that
transactions are recorded as necessary to
permit preparation of financial statements
in accordance with generally accepted
accounting principles, and that receipts
and expenditures of the company are being
made only in accordance with
authorizations of management and
directors of the company; and (3) provide
reasonable assurance regarding prevention
or timely detection of unauthorized
acquisition, use or disposition of a
companys assets that could have a material
effect on the financial statements.
Because of inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are subject
to the risk that controls may become
inadequate because of changes in
conditions, or that the degree of
compliance with the policies or procedures
may deteriorate.
A deficiency in internal control over
financial reporting exists when the design
or operation of a control does not allow
management or employees, in the normal
course of performing their assigned
functions, to prevent or detect
misstatements on a timely basis. A
material weakness is a deficiency, or
combination of deficiencies, in internal
control over financial reporting, such that
there is a reasonable possibility that a
material misstatement of the companys
annual or interim financial statements will
not be prevented or detected on a timely
basis.
Our consideration of the Funds internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal control
that might be material weaknesses under
standards established by the Public
Company Accounting Oversight Board
(United States). However, we noted no
deficiencies in the Funds internal control
over financial reporting and its operation,
including controls for safeguarding
securities, which we consider to be material
weaknesses, as defined above, as of
November 30, 2021.
This report is intended solely for the
information and use of management,
Shareholders and Board of Trustees of
OCM Mutual Fund and the Securities and
Exchange Commission and is not intended
to be and should not be used by anyone
other than these specified parties.
/s/TAIT, WELLER & BAKER LLP
Philadelphia, Pennsylvania
January 25, 2022
To the Shareholders and
Board of Trustees of
OCM Mutual Fund
Page Two