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American Indep Strategic Income A (ISTSX)

10.18 0.00(0.00%) May 20


Profile as of Feb 27, 2013Get Profile for:
American Indep Strategic Income A
American Independence Funds3435 Stelzer RoadColumbus, OH 43219
Map
Phone: 866-410-2006
Fund Overview 
Category:Short-Term Bond
Fund Family:American Independence
Net Assets:75.53M
Year-to-Date Return:0.19%
Yield:1.24%
Morningstar Rating:1 stars
Fund Inception Date:May 2, 2006
Morningstar Style Box 
Short-Term Bond
[View Category Definition]
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About the Morningstar Style Box
Management Information 
E. Jack B. Montgomery
Lead Manager since Dec 28, 2011
Montgomery has been working with HighMark and its predecessors since 1994. He is team leader for the taxable fixed income strategies and has more than twenty years of investment management experience. Formerly, he was the portfolio manager of the San Francisco Employees' Retirement Systems fixed income portfolio. He spent eleven years at First Interstate Bank of Oregon. Montgomery is a member of the San Francisco Society of Financial Analysts and holds the Chartered Financial Analyst designation.
Investment Information 
Min Initial Investment:5,000
Min Initial Investment, IRA:250
Min Initial Investment, AIP:5,000
Min Subsequent Investment:250
Min Subsequent Investment, IRA:250
Min Subsequent Investment, AIP:25
ISTSX can be purchased from 30 brokerages.

Fund Summary 
The investment seeks as high a level of current income as is consistent with liquidity and safety of principal. The fund normally invests in high quality debt securities rated investment grade or higher at time of purchase. It invests at least 65% of net assets in U.S. dollar-denominated securities. The fund maintains an average dollar weighted maturity between 1 and 3 years. Up to 10% of its net assets in each of the following: (1) international fixed income debt; (2) emerging market fixed income debt; and (3) high-yield securities (also known as "junk bonds"). The fund is non-diversified.

Fund Operations 
Last Dividend (Apr 29, 2013) : 0.01
Last Cap Gain : 0.00
Annual Holdings Turnover (May 15, 2013) : N/A
Average for Category:166.66%
Fees & Expenses 
ExpenseISTSXCategory Avg
Annual Report Expense Ratio (net):0.70%0.83%
Prospectus Net Expense Ratio:0.70%N/A
Prospectus Gross Expense Ratio:0.96%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:2.25%2.45%
Max Deferred Sales Load: N/A1.93%
3 Yr Expense Projection*:499358
5 Yr Expense Projection*:719561
10 Yr Expense Projection*:1,3531,170
* Per $10,000 invested