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American Independence Navellier Defensive Alpha Fund Class C (FMGCX)

Net Asset Value
1 Day
Overall Morningstar Rating
Large growth
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to provide investors with long-term capital appreciation. The fund seeks long-term capital appreciation by allocating among a concentrated portfolio of equity positions and cash. Stocks will be evaluated with a growth-oriented approach to selecting the equities of companies that Navellier considers to have superior appreciation potential. Between 0% - 100% of the fund's portfolio will be invested in a maximum of 20 equity securities; between 0% - 100% of the fund's portfolio may be invested in cash and/or short-term investments. It is non-diversified.


1 month+0.89% 3 years+0.09%
3 months+0.66% 5 years+6.66%
1 year+9.38% Since inception+6.86%
Data through --

Peer Comparisonvs. Large growth

Performance 5-yr return+6.66%+12.94%
Expense ratio2.85%1.16%
Risk 5 year sharpe ratio0.671.08
Net assets$13.3M$2.7B
Average market cap$7.0B$90.5B
Average P/E43.627.0
Portfolio turnover224%224%

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Fund Management and Purchase Info

Fund familyAmerican Independence
Fund manager & tenureSteven Wruble / 1 Years
Minimal initial investment$5,000.00
Minimum IRA investment--


U.S. stock90.83%
Fixed income2.74%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Consumer goods 18.56%
Financial service 15.26%
Industrial materials 12.77%
Media 12.57%
Consumer service 11.12%
Top 10 Holdings
Portfolio weighting
PWR Quanta Services Inc5.54%
NUVA NuVasive Inc5.54%
IDXX IDEXX Laboratories Inc5.45%
CGNX Cognex Corp5.34%
ULTA Ulta Salon Cosmetics and Fragrance Inc5.26%
COHR Coherent Inc5.21%
WST West Pharmaceutical Services Inc5.20%
VNTV Vantiv Inc5.17%
CMD Cantel Medical Corp5.14%
DNKN Dunkin' Brands Group Inc5.12%