Advance Capital I Retirement Inc Ret
Advance Capital I IncOne Towne Square,Suite 444Southfield, MI 48076
Map
Phone: 800-345-4783
| Category: | Intermediate-Term Bond | | Fund Family: | Advance Capital I | | Net Assets: | 243.74M | | Year-to-Date Return: | 0.54% | | Yield: | 3.50% | | Morningstar Rating: |  | | Fund Inception Date: | Jan 3, 1993 |
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Christopher M. Kostiz
Lead Manager since Jan 31, 1995 | | | Christopher M. Kostiz, earned his undergraduate degree in Finance from Michigan State University and his MBA in Finance from Wayne State University. Mr. Kostiz currently serves as President of ACM and Senior Portfolio Manager for the Advance Capital I, Inc. Funds. In his role, he directs the strategy and structure of the Funds. Mr. Kostiz has served as manager of the Retirement Income Fund and the Balanced Fund since 1995, as a portfolio manager of the Equity Growth Fund since 2002 and the Core Equity Fund since inception in 2008. |
| Min Initial Investment: | 10,000 | | Min Initial Investment, IRA: | 2,000 | | Min Initial Investment, AIP: | N/A | | Min Subsequent Investment: | N/A | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks current income at a moderate level of risk.
The fund invests in a broad range of fixed income investments, with at least 65% of its total assets invested in corporate or U.S. Government fixed income securities. Corporate fixed income securities may be investment grade or higher-yielding, below investment grade securities (so-called "junk bonds"). The advisor may adjust the average maturity of the fund's portfolio as well as the quality of bonds held, based on the interest rate outlook and current economic conditions. |
| Last Dividend
(May 30, 2013)
:
| 0.02 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(Jun 3, 2013)
:
| 51.00% | | Average for Category: | 167.72% |
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| Expense | ADRIX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 0.86% | 0.89% | | Prospectus Net Expense Ratio: | 0.85% | N/A | | Prospectus Gross Expense Ratio: | 0.85% | N/A | | Max 12b1 Fee: | 0.25% | N/A | | Max Front End Sales Load: | N/A | 4.08% | | Max Deferred Sales Load:
| N/A | 2.32% | | 3 Yr Expense Projection*: | 271 | 430 | | 5 Yr Expense Projection*: | 471 | 664 | | 10 Yr Expense Projection*: | 1,049 | 1,321 |
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0.05(0.57%) Jun 19