MutualFundWire.com: Will an 11-Year-Old Tactical Fund Shine With a New Name?

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Tuesday, July 9, 2024

Will an 11-Year-Old Tactical Fund Shine With a New Name?

The folks at a Volunteer State asset manager have rebranded their 11-year-old, $23.7-million-AUM mutual fund.

Gary Scott Stringer
Stringer Asset Management, LLC
President, Chief Investment Officer, Co-Founder

Jonathan Bernstein, director of sales and marketing at Stringer Asset Management, LLC, and Gary Stringer, president and chief investment officer, recently confirmed that the Stringer Growth Fund has transformed into the Stringer Tactical Adaptive Risk Fund (STAR, for short). The fund is a series of the 360 Funds.

Memphis, Tennessee-based Stringer AM serves as investment advisor to the rebranded fund. Its PM has remained unchanged since inception. That team includes: Kim Escue, senior portfolio manager; Chad Keller, chief operating officer, chief compliance officer, and co-founder; and Stringer himself, also a co-founder.

STAR comes in three flavors: A shares (SRGAX), with to 550 basis points in up front load, up to 100bps in deferred load, and an expense ratio of 158bps; C shares (SRGCX), with up to 100bps in deferred load, and an expense ratio of 233bps; and institutional shares (SRGIX), with an expense ratio of 133bps. All of those expense ratios bake in a 101bps fee waiver promised through June 30, 2025.

The Stringer AM team puts the fund rebranding in the context of the SEC's new names rule (35d-1). Funds labeled "growth" now need to have 80 percent or more of their underlying holdings in that style.

"We enjoy and provide much greater flexibility with the management of the Fund using strategic and tactical allocations along with our Cash indicator, and saw this as an opportunity to embrace the true spirit of the rule to adopt what we feel is a much better name for the Fund," Stringer states.

STAR's other service providers include: Fifth Third Bank as custodian; FinTech Law LLC as counsel; M3Sixty Enterprises, LLC's M3Sixty Administration LLC as administrator, dividend disbursing agent, and transfer agent; M3Sixty Distributors, LLC as distributor and principal underwriter; and Tait Weller & Baker LLP as independent accounting firm.

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