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American Independence Navellier Defensive Alpha Fund Class C (FMGCX)

4.66
Net Asset Value
+0.22%
1 Day
+4.95%
Year-to-Date
Overall Morningstar Rating
Large growth
Style or Category
No Load
Sales Expenses
2.85%
Expense Ratio
Below Average
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.

Performance

1 month+0.43% 3 years+3.60%
3 months+4.04% 5 years+9.19%
1 year+5.48% Since inception+7.19%
Data through --

Peer Comparisonvs. Large growth

 FMGCXCategory
Performance 5-yr return+9.19%+9.98%
Expense ratio2.85%1.17%
Risk 5 year sharpe ratio0.580.84
Net assets$14.7M$2.8B
Average market cap$13.1B$88.4B
Average P/E47.627.9
Portfolio turnover120%120%

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Fund Management and Purchase Info

Fund familyAmerican Independence
Fund manager & tenureSteven Wruble / 0 Years
Minimal initial investment$5,000.00
Minimum IRA investment--

Holdings

U.S. stock94.99%
Cash4.21%
Fixed income0.81%
International stock0.00%
Other0.00%
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
EW Edwards Lifesciences Corp5.75%
MKTX Marketaxess Holdings Inc5.53%
VNTV Vantiv Inc5.43%
ULTA Ulta Salon Cosmetics and Fragrance Inc5.25%
WST West Pharmaceutical Services Inc5.16%
AYI Acuity Brands Inc5.12%
DLR Digital Realty Trust Inc5.11%
VMC Vulcan Materials Co5.09%
EA Electronic Arts Inc5.08%
CTXS Citrix Systems Inc5.05%

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