Brethren Foundation is launching five Tactical Funds for clients who are willing to pay an extra fee to have their assets managed by an investment adviser in one of five unique investment styles. These Tactical Funds use BFI’s 16 existing investment options within asset allocation ranges established by BFI’s Board. The style of each Tactical Fund is revealed in its name — Aggressive Growth, Growth, Income and Growth, Income, and Conservative. The investment adviser has discretion regarding its investment strategies for each tactical investment option within the parameters of its contract with BFI and BFI’s Investment Guidelines.

Assets invested in BFI’s Tactical Funds will be charged an additional fee by the investment adviser. This fee is based on all BFI client assets invested in the Tactical Funds. Until total assets under tactical management exceed $10 million, the annual fee (which will be charged on a quarterly basis) will be 0.5 percent. As total assets under tactical management grow, the annual fee will decline toward 0.1 percent.

Clients should note that the five Tactical Funds may use any of BFI’s 16 Strategic Funds, including funds that have access to U.S. Treasuries and funds that don’t have sufficient assets for separate management and are currently invested in mutual funds. Therefore, the Tactical Funds may not comply with BFI’s socially responsible investing guidelines.

More information about the Tactical Funds is available upon request. Please contact Steve Mason, director of Brethren Foundation, with questions or comments.