Cushing Renaissance Advantage Fund: Investment Ad

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Find the Cushing Renaissance Advantage Fund review, a Cushing Funds Ads about new mutual fund. This ad is available on financial newspaper.

Cushing Funds Ad

Cushing Renaissance Advantage Fund Ad
Investing Ad
Recently, The Cushing Funds advertised “The Cushing Renaissance Advantage Fund” in Barron’s financial newspaper at page 12 on September 16, 2013. It is a mutual fund from a Swank Capital Fund family. It consists of 1 mutual fund for your investment in your brokerage and retirement account.

You can find The Cushing Renaissance Advantage Fund review below. Is this fund suitable for your brokerage account or retirement account or not? Find the review below. I have provided in depth details about the fund performance, expense ratio fee, top holdings, and more.

The ad is as follow:
The Cushing Renaissance Advantage Fund 
The first mutual fund investing exclusively in the great American Energy, Industrial, and Manufacturing Renasissance.
  • CRZAX | A share
  • CRZCX | C share
  • CRZZX | I share
The Cushing Funds | A Swank Capital Fund Family
877.965.7386 
Cushingrenaisance.com * info@cushingfunds.com 
The Fund’s investment objectives, risks, charge and expense must be considered carefully before investing. The prospectus contains this and other important information about the investment company and it may be obtained by calling 214-535-6334, or visiting www.cushingfunds.com. Read it carefully before investing…

Investing Review

This Cushing Renaissance Advantage Fund objective is to provide high total return. It uses its assets to purchase companies across the energy supply chain spectrum, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies, and transportation and logistics companies.  Jerry V. Swank, Matthew A. Lemme, and Saket Kumar are the fund managers.

Incepted in 2013, it has small assets of $13.7 million. Its expense ratio is high, 2.00%. The class A fund has a sales load of 5.75%. Being a new mutual fund, there is no performance history to discuss. For the past 1 month, it has returned 2.64%. The last dividend is distributed on July 18, 2013 in amount of $0.16 per share.

To invest in this fund, you need $2,000 initial investment for regular brokerage account and $250 initial funding for retirement account (IRA). Class I fund has no sales load. This stock fund uses investment style of Mid Value.

The current share price is $21.56. Its top 5 stocks are Marathon Petroleum Corp, Phillips 66, HollyFrontier Corp, Genesee & Wyoming Inc Class A, and Westinghouse Air Brake Technologies Corp. The top 3 sectors are Energy, Industrials, and Basic Materials.

Final Opinion

  • Since it is new fund, it is not suitable for long term investment. Investing in small amount for speculation is more appropriate.
  • Avoid the load class such as Class A and Class C
  • Since it is an equity energy sector mutual fund, it is more volatile than typical large cap fund.

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