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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

American Independence Global Tactical Allocation Fund

ACRMX |

-

$45.9 M

-

2.23%

Vitals

YTD Return

N/A

1 yr return

3.5%

3 Yr Avg Return

5.7%

5 Yr Avg Return

N/A

Net Assets

$45.9 M

Holdings in Top 10

81.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.23%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 138.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

$5,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

American Independence Global Tactical Allocation Fund

ACRMX |

-

$45.9 M

-

2.23%

ACRMX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    American Independence Global Tactical Allocation Fund
  • Fund Family Name
    American Independence
  • Inception Date
    Sep 20, 2013
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles McNally

Fund Description

ACRMX - Performance

Return Ranking - Trailing

Period ACRMX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -13.3% 16.4% N/A
1 Yr 3.5% -32.5% 6.5% N/A
3 Yr 5.7%* -6.8% 7.3% N/A
5 Yr N/A* -7.9% 22.9% N/A
10 Yr N/A* 0.3% 14.3% N/A

* Annualized

Return Ranking - Calendar

Period ACRMX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -32.0% 3.8% N/A
2022 N/A -5.0% 26.2% N/A
2021 N/A -9.5% 210.7% N/A
2020 N/A -21.2% -0.3% N/A
2019 N/A -21.3% 16.3% N/A

Total Return Ranking - Trailing

Period ACRMX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -13.3% 16.4% N/A
1 Yr 2.5% -25.4% 7.6% N/A
3 Yr 5.7%* -3.3% 8.7% N/A
5 Yr N/A* -7.9% 31.4% N/A
10 Yr N/A* 0.8% 18.8% N/A

* Annualized

Total Return Ranking - Calendar

Period ACRMX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -32.0% 3.8% N/A
2022 N/A -3.7% 29.6% N/A
2021 N/A -9.5% 233.7% N/A
2020 N/A -20.2% 6.6% N/A
2019 N/A -21.3% 17.1% N/A

ACRMX - Holdings

Concentration Analysis

ACRMX Category Low Category High ACRMX % Rank
Net Assets 45.9 M 7.97 M 104 B N/A
Number of Holdings 13 2 3568 N/A
Net Assets in Top 10 38.9 M -81.9 M 17.8 B N/A
Weighting of Top 10 81.52% 7.4% 895.1% N/A

Top 10 Holdings

  1. iShares Core US Aggregate Bond ETF 20.63%
  2. Global X Scientific Beta US ETF 20.38%
  3. iShares Europe ETF 13.48%
  4. SPDR® S&P 500 ETF 9.06%
  5. SPDR® DoubleLine Total Return Tact ETF 5.90%
  6. iShares MSCI Japan ETF 5.63%
  7. Global X Scientific Beta Europe ETF 2.48%
  8. Global X Scientific Beta Japan ETF 2.02%
  9. iShares MSCI Emerging Markets ETF 1.33%
  10. iShares MSCI Pacific ex Japan ETF 0.62%

Asset Allocation

Weighting Return Low Return High ACRMX % Rank
Stocks 		55.20% 0.00% 259.25% N/A
Bonds 		26.13% -234.98% 121.11% N/A
Cash 		18.83% -89.82% 57.58% N/A
Convertible Bonds 		0.02% 0.00% 9.69% N/A
Preferred Stocks 		0.00% 0.00% 18.19% N/A
Other 		-0.17% -15.54% 59.71% N/A

Stock Sector Breakdown

Weighting Return Low Return High ACRMX % Rank
Financial Services 		9.57% 0.00% 38.98% N/A
Technology 		7.28% 0.00% 44.06% N/A
Industrials 		7.01% -0.35% 18.58% N/A
Consumer Cyclical 		6.93% -1.09% 25.91% N/A
Healthcare 		6.22% -1.73% 20.86% N/A
Consumer Defense 		5.09% -1.84% 18.16% N/A
Energy 		3.64% 0.00% 17.54% N/A
Utilities 		3.14% -0.84% 14.36% N/A
Basic Materials 		3.14% -1.03% 15.55% N/A
Real Estate 		1.78% -0.42% 37.33% N/A
Communication Services 		1.41% 0.00% 14.74% N/A

Stock Geographic Breakdown

Weighting Return Low Return High ACRMX % Rank
US 		29.52% -9.56% 99.60% N/A
Non US 		25.68% -19.48% 159.65% N/A

Bond Sector Breakdown

Weighting Return Low Return High ACRMX % Rank
Cash & Equivalents 		18.82% -106.96% 66.12% N/A
Government 		10.16% -242.10% 104.67% N/A
Securitized 		9.50% 0.00% 20.64% N/A
Corporate 		6.37% -0.30% 60.31% N/A
Municipal 		0.13% 0.00% 4.90% N/A
Derivative 		0.00% -2.24% 42.18% N/A

Bond Geographic Breakdown

Weighting Return Low Return High ACRMX % Rank
US 		24.10% -262.85% 104.67% N/A
Non US 		2.03% -17.16% 61.09% N/A

ACRMX - Expenses

Operational Fees

ACRMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.23% 0.01% 11.20% N/A
Management Fee 0.75% 0.00% 1.56% N/A
12b-1 Fee 1.00% 0.00% 1.00% N/A
Administrative Fee 0.13% 0.01% 0.47% N/A

Sales Fees

ACRMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% N/A

Trading Fees

ACRMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ACRMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 138.00% 0.00% 614.00% N/A

ACRMX - Distributions

Dividend Yield Analysis

ACRMX Category Low Category High ACRMX % Rank
Dividend Yield 0.00% 0.00% 2.97% N/A

Dividend Distribution Analysis

ACRMX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Net Income Ratio Analysis

ACRMX Category Low Category High ACRMX % Rank
Net Income Ratio 1.02% -1.08% 5.11% N/A

Capital Gain Distribution Analysis

ACRMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Daily Annually

Distributions History

View More +

ACRMX - Fund Manager Analysis

Managers

Charles McNally

Start Date

Tenure

Tenure Rank

Dec 15, 2014

3.79

3.8%

Charles McNally. Mr. McNally joined Manifold Fund Advisors as Chief Portfolio Strategist in early 2013. For thirteen years, he was a founding member and became a portfolio manager and head of manager research for the Fund of Funds and Institutional Advisory Group at Lyster Watson & Company, a pioneer firm in advising hedge fund investors. Prior to that, he headed research and development for a proprietary equity statistical arbitrage strategy at Jefferies Group, following a role as senior trader at a quantitative hedge fund. He started his career in the fixed-income portfolio strategy research group at Goldman Sachs & Company, and later advised the firm’s institutional clients on using fixed-income futures and options for hedging and portfolio applications. He moved to Salomon Brothers to become product manager for their fixed-income futures and options customer business and traded fixed income and foreign exchange at CS First Boston, before moving into investment management. Mr. McNally earned a Sc.B. in Applied Mathematics, magna cum laude, from Brown University, and continued his studies in pure and applied mathematics at Cambridge University (as a Churchill Scholar) and at New York University’s Courant Institute of Mathematical Sciences.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 27.51 6.14 6.5

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