American Independence Stock Fund Added to E*TRADE® Mutual Fund All-Star List

Share Article

American Independence Financial Services, an independent manager of leading mutual funds and innovative separate account strategies, is pleased to announce that the American Independence Stock Fund Class I has been added to the E*TRADE All-Star Mutual Funds List.

News Image
We are very pleased that E*TRADE’s independent research recognizes the favorable long term track record of the Fund. E*TRADE’s All-Star list is a small and distinguished one, and we are proud of the inclusion of the Stock Fund.

American Independence Financial Services, an independent manager of leading mutual funds and innovative separate account strategies, is pleased to announce that the American Independence Stock Fund Class I has been added to the E*TRADE All-Star Mutual Funds List. The American Independence Stock Fund appears in the Large Blend Category on the E*TRADE All-Star List – a list of leading no-load mutual funds pre-selected on a quarterly basis by E*TRADE Capital Management from the more than 8,000 mutual funds offered by E*TRADE Securities. All-Star Funds typically have at least a three year track record and compare favorably against their peers based on historical return, risk, expenses, manager tenure, performance and style consistency, asset size and growth and must be 1) structured through sound investment philosophy and process, 2) implemented with acceptable level of investment risk management strategy and 3) supported by a well balanced investment firm.

Eric Rubin, President of American Independence Financial Services, LLC, the Fund’s adviser, said “We are very pleased that E*TRADE’s independent research recognizes the favorable long term track record of the Fund. E*TRADE’s All-Star list is a small and distinguished one, and we are proud of the inclusion of the Stock Fund.    With the explosion of ETF’s and other forms of inexpensive equity exposure, it is more important than ever for an actively managed fund to create consistent returns. Over the last ten year period, the Stock Fund has beaten the S&P 500 annually by an average 372 basis points.”

The American Independence Stock Fund continues to be one of the top performing large cap funds in the Morningstar® universe. The American Independence Stock Fund (Class I – ISISX) continued its over a decade run as the only large cap fund to have equaled or beaten the S&P 500 Index every year since 1999. It should therefore come as no surprise that the Fund carries a 5 star rating by Morningstar® in the Large Blend category and is in the top 9% for 3 year performance; 2% for 5 years; and 4% for 10 years.(1) This follows Morningstar’s previously published “Fund Times” article on December 24, 2009, that notes the Stock Fund as the sole Large Cap Fund to have this distinction for the previous 11 years. The Stock Fund’s 2010 net performance was greater than that of the S&P by 0.49%.

As of June 30, 2011, The total return* for the Stock Fund, Russell 1000 Value Index, and S&P 500 Index were as follows:

Stock Fund – 1 Year = 24.08%, 3 Year = 6.99%, 5 Year = 6.99%, and 10 Year = 6.44%
Russell 1000 Value Index – 1 Year = 28.94%, 3 Year = 2.28%, 5 Year = 1.15%, and 10 Year = 3.98%; and
S&P 500 Index – 1 Year = 30.69%, 3 Year = 3.34%, 5 Year = 2.94%, and 10 Year = 2.72%

The Fund’s Expense Ratio **: 1.17% (net expense); 1.47% (gross expense)

*Time-weighted rates of returns. All returns for periods less than one year are not annualized. The Fund’s returns are after fees and expenses. The Indices do not incur expenses.
** The expense ratios are per the most recent Prospectus dated March 1, 2011 and include the weighted average expenses of any acquired fund fees. Expense ratios may fluctuate. The Adviser has contractual agreed to an expense cap of 1.16%, which does not included Acquired Fund Fees, through March 1, 2012. Please refer to the Fund’s most recent semi-annual report, annual report or prospectus for the most updated expense ratios.

Rubin added, “The real measure of a fund’s success is long term performance. Building and accumulating wealth is a long term endeavor and the Stock Fund has demonstrated over a 10 year period that it can generate superior long term performance. American Independence is primarily owned by its managers and employees, and is aligned with the interests of investors.” In addition to the Stock Fund, American Independence has 13 other funds available through E*TRADE Securities.

The following 14 American Independence Funds, including the NestEgg Target Date Funds, are now available through E*TRADE Securities investment platform:

    American Independence Stock Fund Class A – (IFCSX)
    American Independence Stock Fund Class I – (ISISX)
    American Independence U.S. Inflation-Indexed Fund Class A – (FNIHX)
    American Independence U.S. Inflation-Indexed Fund Class I – (FFIHX)
    American Independence Absolute Return Bull Bear Bond Fund Class I – (TBBIX)
    American Independence Absolute Return Bull Bear Bond Fund Class A – (AABBX)
    American Independence Active Interest Rate Management Fund Class A – (ATTMX)
    American Independence International Alpha Strategies Fund Class A – (IIESX)
    American Independence Kansas Tax-Exempt Bond Fund Class A – (IKSTX)
    American Independence Core Plus Fund Class A – (IBFSX)
    American Independence Short-Term Bond Fund Class A – (ISTSX)
    American Independence Fusion Fund Class A – (AFFAX)
    NestEgg Fund Class A – (NECPX)
    NestEgg 2020 Fund Class A – (NETPX)
    NestEgg 2030 Fund Class A – (NEHPX)
    NestEgg 2040 Fund Class A – (NEFPX)
    NestEgg 2050 Fund Class A – (NEFAX)

Additionally, the U.S. Inflation-Indexed Fund has received national attention for its strong performance. On April 1, 2011, the Fund was highlighted in the Wall Street Journal in its Category Kings feature. The Fund was recognized as being the 5th best performing Intermediate U.S. fund ranked by 1 year total return as of March 31, 2011 out of 223 funds as ranked by 1 year total return.. The U.S. Inflation-Indexed Fund also carries a 5 star rating by Morningstar® in the Inflation-Protected Bond category and is in the top 8% for 3 year performance; 3% for 5 years; and 6% for 10 years. (1)

About American Independence Financial Services, LLC
American Independence Financial Services, LLC (“AIFS”) is the investment adviser and administrator for the American Independence Funds Trust featuring the 5 Star Morningstar rated Stock Fund. Jeff Miller was noted for his management of the American Independence Stock Fund, which was listed in Morningstar’s “Large Cap Funds on Winning Streaks” on July 11, 2010. It is currently the only Large Cap Value fund to have out-performed the S&P500 every year since the end of 1999. The American Independence Fund family is currently comprised of 16 funds. AIFS also has a strong SMA business featuring the tactical bond strategies, as well as Large Cap Value. Total firm assets under management are approximately $1.4 billion.

INQUIRIES:
American Independence Financial Services, LLC
Eric Rubin, President
Tel. 646-747-3477
erubin(at)americanifs(dot)com

Important Disclosures
Investing in the Funds involves risk. Equity securities are more volatile and carry more risk than other forms of investments. The Funds may invest in small and mid cap securities that are more volatile than large cap stocks.

For more complete information on the American Independence Funds, you can obtain a prospectus containing complete information for the funds by calling 866-410-2006, or by visiting http://www.aifunds.com. Please read the prospectus carefully before investing. You should consider the fund’s investment objectives, risks, charges, and expenses carefully before you invest or send money. Information about these and other important subjects is in the Funds’ prospectus.

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance information current to the most recent month-end, please call 866.410.2006 or visit http://www.aifunds.com.

The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The index is not available for purchase. The S&P 500 Index has been widely regarded as the best single gauge of the large cap U.S. equities market since the index was first published in 1957. The index is not available for purchase.

All-Star Funds typically have at least a three year track record and compare favorably against their peers based on historical return, risk, expenses, manager tenure, performance and style consistency, asset size and growth and must be 1) structured through sound investment philosophy and process, 2) implemented with acceptable level of investment risk management strategy and 3) supported by a well balanced investment firm.

The American Independence Stock Fund I Class received a 5-star rating for overall performance, for the period ending May 31, 2011, 5 stars for 3-year performance among 1,668 Large Blend funds, 5 stars for 5-year performance among 1,424 funds, and 5 stars for 10-year performance among 807 funds.

The American Independence U.S. Inflation-Indexed Fund I Class received a 5-star rating for overall performance, for the period ending May 31, 2011 5 stars for 3-year performance among 154 Inflation-Protected Bond funds, 5 stars for 5-year performance among 128 funds, and 4 stars for 10-year performance among 19 funds.

(1) For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

American Independence Financial Services, LLC is a limited liability company.

Shares of the American Independence Funds are distributed by Matrix Capital Group, Inc., which is not affiliated with American Independence Financial Services, LLC.

Not FDIC Insured - May Lose Value - No Bank Guarantee

###

Share article on social media or email:

View article via:

Pdf Print

Media