American Indep Strategic Income A
American Independence Funds3435 Stelzer RoadColumbus, OH 43219
Map
Phone: 866-410-2006
| Category: | Short-Term Bond | | Fund Family: | American Independence | | Net Assets: | 75.53M | | Year-to-Date Return: | 0.19% | | Yield: | 1.24% | | Morningstar Rating: |  | | Fund Inception Date: | May 2, 2006 |
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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. |
| 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 |
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| 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. |
| 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% |
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| Expense | ISTSX | Category 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/A | 1.93% | | 3 Yr Expense Projection*: | 499 | 358 | | 5 Yr Expense Projection*: | 719 | 561 | | 10 Yr Expense Projection*: | 1,353 | 1,170 |
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0.44%