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ACRMX American Indep Glbl Tac Allc C

  • Fund
  • ACRMX
  • Price as of: N/A
  • N/A N/A N/A
  • Category
  • Global Allocation
  • Fund Company
  • N/A

ACRMX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized 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 RELATED FEES

  • Expense Ratio 2.23%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 138.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$5,000

Investment Themes

CATEGORY

Global Allocation
  • Fund Type Open End Mutual Fund
  • Investment Style Tactical Allocation

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 N/A
  • Inception Date Sep 20, 2013
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Charles McNally

Fund Description

Under normal market conditions, the fund invests at least 80% (and generally as close to 100% as practical) of its net assets, plus borrowings for investment purposes, in equities and fixed income securities of ETFs and ETNs, listed on U.S. exchanges, representing both developed and emerging market countries, including fixed income securities having varying maturities and credit qualities including high yield securities (commonly known as junk bonds).

ACRMX - Performance

Return Ranking - Trailing

Period ACRMX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -7.1% 13.4% N/A
1 Yr 3.5% -28.5% 6.6% N/A
3 Yr 5.7%* -4.5% 49.1% N/A
5 Yr N/A* -8.7% 20.9% N/A
10 Yr N/A* 0.0% 14.1% N/A

* Annualized


Return Ranking - Calendar

Period ACRMX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -32.0% 3.8% N/A
2017 N/A -5.0% 26.2% N/A
2016 N/A -9.5% 210.7% N/A
2015 N/A -21.2% -0.3% N/A
2014 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 -7.1% 13.4% N/A
1 Yr 2.5% -28.5% 7.5% N/A
3 Yr 5.7%* -4.5% 56.2% N/A
5 Yr N/A* -8.7% 30.8% N/A
10 Yr N/A* 0.0% 18.7% N/A

* Annualized


Total Return Ranking - Calendar

Period ACRMX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -32.0% 3.8% N/A
2017 N/A -3.7% 29.6% N/A
2016 N/A -9.5% 233.7% N/A
2015 N/A -20.2% 6.6% N/A
2014 N/A -21.3% 17.1% N/A

NAV & Total Return History

ACRMX - Holdings

Concentration Analysis

ACRMX Category Low Category High ACRMX % Rank
Net Assets 45.9 M 8.8 M 104 B N/A
Number of Holdings 13 2 3633 N/A
Net Assets in Top 10 38.9 M -75.8 M 17.8 B N/A
Weighting of Top 10 81.52% 0.0% 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% 117.56% N/A
Cash
18.83% -88.62% 98.17% N/A
Convertible Bonds
0.02% 0.00% 9.42% N/A
Preferred Stocks
0.00% 0.00% 18.40% N/A
Other
-0.17% -2.21% 60.01% 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% -2.39% 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% -0.58% 18.16% N/A
Energy
3.64% 0.00% 17.54% N/A
Utilities
3.14% -0.84% 19.70% N/A
Basic Materials
3.14% -1.03% 15.55% N/A
Real Estate
1.78% -0.42% 35.64% N/A
Communication Services
1.41% 0.00% 14.83% 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% -24.42% 159.65% N/A

Bond Sector Breakdown

Weighting Return Low Return High ACRMX % Rank
Cash & Equivalents
18.82% -106.96% 98.17% N/A
Government
10.16% -242.10% 104.67% N/A
Securitized
9.50% 0.00% 29.27% N/A
Corporate
6.37% -0.30% 59.27% N/A
Municipal
0.13% 0.00% 4.65% N/A
Derivative
0.00% -2.31% 17.37% 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% 59.99% 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

Turnover 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% 494.00% N/A

ACRMX - Distributions

Dividend Yield Analysis

ACRMX Category Low Category High ACRMX % Rank
Dividend Yield 0.00% 0.00% 1.99% N/A

Dividend Distribution Analysis

ACRMX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

ACRMX Category Low Category High ACRMX % Rank
Net Income Ratio 1.02% -1.57% 5.11% N/A

Capital Gain Distribution Analysis

ACRMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

ACRMX - Managers

Charles McNally

Manager

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

0.06

Category High

27.43

Category Average

6.13

Category Mode

8.33