American Indep US Infl-Idx I  FFIHX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Inflation-Protected Bond Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   ---
   Avg Credit Quality
   ---
As of 2009-09-30
Day Change
$ -0.01
  
NAV (2009-11-20)
$ 11.44
  
YTD Return % (2009-11-20)
12.38%
  
Total Assets ($ mil)
108
View Data Definitions
  Performance    
Growth of $10,000 Fund: American Indep US Infl-Idx I
(from 2001-01-02 to 2009-10-31) Category: Inflation-Protected Bond
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2001-01-02 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 12.38 18.10 7.13 5.60 --- 7.32
+/- Category 1.99 1.90 2.36 1.39 --- ---
+/- BarCap US Agg Bond TR USD 5.47 5.61 0.68 0.33 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 9.04 7.93 6.01 5.22 --- 7.22
Month-End (as of 2009-10-31) 10.61 18.44 6.56 5.30 --- 7.32
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 18.38 5.51 3.63 --- ---
On Distribution & Sale of Shares --- 11.98 4.99 3.56 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 138 funds), (5 yrs : out of 82 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus 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 herein.
  Portfolio Profile    
Sector Breakdown %
US Government 97.48
US Treasuries 14.64
TIPS 82.84
US Agency 0.00
Mortgage 0.00
Mortgage Pass-Thru 0.00
Mortgage CMO 0.00
Mortgage ARM 0.00
Credit 0.00
US Corporate 0.00
Asset-Backed 0.00
Convertible 0.00
Municipal 0.00
Corporate Inflation-Protected 0.00
Foreign 0.00
Foreign Corp 0.00
Foreign Govt 0.00
Cash 2.52
Bond Quality % of Bonds
AAA ---
AA ---
A ---
BBB ---
BB ---
B ---
Below B ---
Not Rated ---
 
Asset Allocation
% of Net Assets
Cash 2.5
Stocks 0.0
Bonds 97.5
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 316
Total Number of Bond Holdings 9 30 Day SEC Yield % 0.73
% of Assets in Top 10 Holdings 105.87 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
US Treasury Note 1.875% 2013-07-15 21,669 22,387 22.36
US Treasury Note 2% 2014-07-15 15,835 16,459 16.44
US Treasury Bond 2.375% 2025-01-15 13,322 13,967 13.95
US TREASURY NOTE 2015-07-15 13,264 13,704 13.69
US Treasury Bond 2.5% 2029-01-15 10,081 10,834 10.82
US Treasury Bond 2% 2026-01-15 9,229 9,208 9.20
US Treasury Note 2.5% 2016-07-15 6,057 6,493 6.49
US Treasury Bond 3.625% 2028-04-15 4,341 5,366 5.36
US Treasury Note (Fut) 2009-12-31 5,084 5.08
US Treasury Bond 3.875% 2029-04-15 1,926 2,479 2.48
Data through 2009-09-30
  Other Information
Fund Inception: 2001-01-02
Portfolio Manager  (Start Date)
Cedric Scholtes  (2007-04-30)
Cedric is a portfolio manager on the Inflation-Linked Team based in New York. Cedric manages US and global inflation-linked portfolios and works with members of the Structured Securities and Short Duration Team on global short duration sovereign mandates. Cedric joined the firm from the Treasury trading desk at Goldman Sachs, where his responsibilities included making markets in TIPS. Prior to Goldman Sachs, Cedric spent five years at the Bank of England, two of which he spent on secondment to the Federal Reserve Bank of New York. During this period, Cedric published articles on inflation-linked debt markets in Bank of England, BIS and IMF periodicals.
Sales Charge %
(taken from prospectus dated 2009-03-02)
Front: None
Deferred: None
Expense Ratio % 0.33
based on net assets
(taken from annual report dated 2008-10-31)
Correspondence Information
The American Independence Trust

New York,  NY  10017
Telephone:
800-247-0473
212-681-3000
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.