AmerIndepBoydWattersonShrt-TermEnhBdI
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
0.7%
3 Yr Avg Return
0.9%
5 Yr Avg Return
1.3%
Net Assets
$25 M
Holdings in Top 10
21.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.13%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 95.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$3,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ISBSX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.39%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAmerican Independence Boyd Watterson Short-Term Enhanced Bond Fund
-
Fund Family NameAmerican Independence
-
Inception DateJan 21, 1997
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJustin C. Waggoner
Fund Description
ISBSX - Performance
Return Ranking - Trailing
Period | ISBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.3% | 12.1% | N/A |
1 Yr | 0.7% | -16.1% | 8.0% | N/A |
3 Yr | 0.9%* | -4.3% | 44.5% | N/A |
5 Yr | 1.3%* | -6.2% | 23.8% | N/A |
10 Yr | 2.4%* | -7.3% | 15.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | ISBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.2% | 3.1% | N/A |
2022 | N/A | -5.1% | 25.1% | N/A |
2021 | N/A | -8.5% | 192.8% | N/A |
2020 | N/A | -33.0% | 3.0% | N/A |
2019 | N/A | -29.8% | 32.1% | N/A |
Total Return Ranking - Trailing
Period | ISBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.3% | 12.5% | N/A |
1 Yr | 0.7% | -16.1% | 10.5% | N/A |
3 Yr | 0.9%* | -4.3% | 49.6% | N/A |
5 Yr | 1.3%* | -3.8% | 28.8% | N/A |
10 Yr | 2.4%* | -7.3% | 18.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ISBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.2% | 7.9% | N/A |
2022 | N/A | -4.6% | 25.1% | N/A |
2021 | N/A | -4.1% | 204.3% | N/A |
2020 | N/A | -32.4% | 4.2% | N/A |
2019 | N/A | -29.8% | 32.1% | N/A |
ISBSX - Holdings
Concentration Analysis
ISBSX | Category Low | Category High | ISBSX % Rank | |
---|---|---|---|---|
Net Assets | 25 M | 337 K | 218 B | N/A |
Number of Holdings | 92 | 3 | 17333 | N/A |
Net Assets in Top 10 | 5.33 M | -1.98 B | 29.3 B | N/A |
Weighting of Top 10 | 21.56% | 4.0% | 1674.7% | N/A |
Top 10 Holdings
- GNMA 6.5% 3.66%
- US Treasury Note 0.875% 2.44%
- Goldman Sachs Grp Inc Mtn Be FRN 2.14%
- Bk Of Amer Corporation 5.75% 2.12%
- Citigroup FRN 1.97%
- Amer Express FRN 1.92%
- Verizon Comms FRN 1.91%
- At&T FRN 1.83%
- Hartford Finl Svcs Grp 5.375% 1.83%
- Hewlett Packard 3% 1.75%
Asset Allocation
Weighting | Return Low | Return High | ISBSX % Rank | |
---|---|---|---|---|
Bonds | 76.18% | 0.00% | 394.27% | N/A |
Cash | 22.00% | -539.21% | 80.58% | N/A |
Preferred Stocks | 1.63% | 0.00% | 20.33% | N/A |
Other | 0.19% | -98.58% | 236.55% | N/A |
Stocks | 0.00% | -0.99% | 97.68% | N/A |
Convertible Bonds | 0.00% | 0.00% | 18.42% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | ISBSX % Rank | |
---|---|---|---|---|
Corporate | 57.66% | 0.00% | 127.23% | N/A |
Cash & Equivalents | 22.00% | -532.79% | 80.58% | N/A |
Securitized | 17.68% | 0.00% | 103.00% | N/A |
Government | 2.46% | -74.72% | 316.66% | N/A |
Derivative | 0.00% | -234.33% | 54.22% | N/A |
Municipal | 0.00% | 0.00% | 102.07% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ISBSX % Rank | |
---|---|---|---|---|
US | 70.68% | 0.00% | 219.16% | N/A |
Non US | 5.50% | -108.37% | 244.34% | N/A |
ISBSX - Expenses
Operational Fees
ISBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.00% | 38.42% | N/A |
Management Fee | 0.40% | 0.00% | 2.15% | N/A |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.13% | 0.00% | 0.63% | N/A |
Sales Fees
ISBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.15% | 5.50% | N/A |
Trading Fees
ISBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
ISBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 95.00% | 0.00% | 2337.00% | N/A |
ISBSX - Distributions
Dividend Yield Analysis
ISBSX | Category Low | Category High | ISBSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.54% | N/A |
Dividend Distribution Analysis
ISBSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
ISBSX | Category Low | Category High | ISBSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.39% | -2.82% | 7.22% | N/A |
Capital Gain Distribution Analysis
ISBSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jul 31, 2015 | $0.011 | |
Jun 30, 2015 | $0.014 | |
May 29, 2015 | $0.013 | |
Apr 30, 2015 | $0.013 | |
Mar 31, 2015 | $0.013 | |
Feb 27, 2015 | $0.014 | |
Jan 30, 2015 | $0.015 | |
Dec 31, 2014 | $0.014 | |
Nov 28, 2014 | $0.014 | |
Oct 31, 2014 | $0.016 | |
Sep 30, 2014 | $0.016 | |
Aug 29, 2014 | $0.015 | |
Jul 31, 2014 | $0.018 | |
Jun 30, 2014 | $0.017 | |
May 30, 2014 | $0.015 | |
Apr 30, 2014 | $0.017 | |
Mar 31, 2014 | $0.016 | |
Feb 28, 2014 | $0.016 | |
Jan 31, 2014 | $0.014 | |
Dec 31, 2013 | $0.013 | |
Nov 29, 2013 | $0.013 | |
Oct 31, 2013 | $0.022 | |
Sep 30, 2013 | $0.010 | |
Aug 30, 2013 | $0.011 | |
Jul 31, 2013 | $0.010 | |
Jun 28, 2013 | $0.011 | |
May 31, 2013 | $0.010 | |
Apr 30, 2013 | $0.011 | |
Mar 28, 2013 | $0.011 | |
Feb 28, 2013 | $0.012 | |
Jan 31, 2013 | $0.012 | |
Dec 31, 2012 | $0.012 | |
Nov 30, 2012 | $0.012 | |
Oct 31, 2012 | $0.013 | |
Sep 28, 2012 | $0.013 | |
Aug 31, 2012 | $0.014 | |
Jul 31, 2012 | $0.013 | |
Jun 29, 2012 | $0.013 | |
May 31, 2012 | $0.013 | |
Apr 30, 2012 | $0.013 | |
Mar 30, 2012 | $0.012 | |
Feb 29, 2012 | $0.011 | |
Jan 31, 2012 | $0.008 | |
Dec 30, 2011 | $0.008 | |
Nov 30, 2011 | $0.007 | |
Oct 31, 2011 | $0.006 | |
Sep 30, 2011 | $0.006 | |
Aug 31, 2011 | $0.007 | |
Jul 29, 2011 | $0.006 | |
Jun 30, 2011 | $0.007 | |
May 31, 2011 | $0.009 | |
Apr 29, 2011 | $0.010 | |
Mar 31, 2011 | $0.010 | |
Feb 28, 2011 | $0.009 | |
Jan 31, 2011 | $0.008 | |
Dec 31, 2010 | $0.014 | |
Nov 30, 2010 | $0.009 | |
Oct 29, 2010 | $0.008 | |
Sep 30, 2010 | $0.011 | |
Aug 31, 2010 | $0.013 | |
Jul 30, 2010 | $0.014 | |
Jun 30, 2010 | $0.014 | |
May 28, 2010 | $0.016 | |
Apr 30, 2010 | $0.015 | |
Mar 31, 2010 | $0.017 | |
Feb 26, 2010 | $0.015 | |
Jan 29, 2010 | $0.015 | |
Dec 31, 2009 | $0.017 | |
Nov 30, 2009 | $0.017 | |
Oct 30, 2009 | $0.017 | |
Sep 30, 2009 | $0.017 | |
Aug 31, 2009 | $0.018 | |
Jul 31, 2009 | $0.018 | |
Jun 30, 2009 | $0.018 | |
May 29, 2009 | $0.019 | |
Apr 30, 2009 | $0.019 | |
Mar 31, 2009 | $0.020 | |
Feb 27, 2009 | $0.021 | |
Jan 30, 2009 | $0.026 | |
Jan 02, 2009 | $0.028 | |
Dec 01, 2008 | $0.028 | |
Nov 03, 2008 | $0.030 | |
Oct 01, 2008 | $0.025 | |
Sep 02, 2008 | $0.028 | |
Aug 01, 2008 | $0.029 | |
Jul 01, 2008 | $0.027 | |
Jun 02, 2008 | $0.032 | |
May 01, 2008 | $0.029 | |
Apr 01, 2008 | $0.035 | |
Mar 03, 2008 | $0.032 | |
Feb 01, 2008 | $0.034 | |
Jan 02, 2008 | $0.034 | |
Dec 03, 2007 | $0.042 | |
Nov 01, 2007 | $0.037 | |
Oct 01, 2007 | $0.036 | |
Sep 04, 2007 | $0.037 | |
Aug 01, 2007 | $0.037 | |
Jul 02, 2007 | $0.036 | |
Jun 01, 2007 | $0.036 | |
May 01, 2007 | $0.035 | |
Apr 02, 2007 | $0.037 | |
Mar 01, 2007 | $0.033 | |
Feb 01, 2007 | $0.037 | |
Jan 03, 2007 | $0.037 | |
Oct 02, 2006 | $0.036 | |
Sep 01, 2006 | $0.037 | |
Aug 01, 2006 | $0.033 | |
Jul 03, 2006 | $0.035 | |
Jun 01, 2006 | $0.035 | |
May 01, 2006 | $0.034 | |
Apr 03, 2006 | $0.034 | |
Mar 01, 2006 | $0.029 | |
Feb 01, 2006 | $0.031 | |
Jan 03, 2006 | $0.031 | |
Dec 01, 2005 | $0.029 | |
Nov 01, 2005 | $0.029 | |
Oct 03, 2005 | $0.027 | |
Sep 01, 2005 | $0.027 | |
Aug 01, 2005 | $0.026 | |
Jul 01, 2005 | $0.025 | |
Jun 01, 2005 | $0.025 | |
May 02, 2005 | $0.024 | |
Apr 01, 2005 | $0.023 | |
Mar 01, 2005 | $0.021 | |
Feb 01, 2005 | $0.021 | |
Jan 03, 2005 | $0.019 | |
Dec 01, 2004 | $0.018 | |
Nov 01, 2004 | $0.017 | |
Oct 01, 2004 | $0.015 | |
Sep 01, 2004 | $0.017 | |
Aug 02, 2004 | $0.017 | |
Jul 01, 2004 | $0.015 | |
Jun 01, 2004 | $0.017 | |
May 03, 2004 | $0.016 | |
Apr 01, 2004 | $0.016 | |
Mar 01, 2004 | $0.013 | |
Feb 02, 2004 | $0.013 | |
Jan 02, 2004 | $0.014 | |
Dec 01, 2003 | $0.016 | |
Nov 03, 2003 | $0.017 | |
Oct 01, 2003 | $0.015 | |
Sep 02, 2003 | $0.016 | |
Aug 01, 2003 | $0.014 | |
Jul 01, 2003 | $0.016 | |
Jun 02, 2003 | $0.023 | |
May 01, 2003 | $0.027 | |
Apr 01, 2003 | $0.025 | |
Mar 03, 2003 | $0.018 | |
Feb 03, 2003 | $0.022 | |
Jan 02, 2003 | $0.026 | |
Dec 02, 2002 | $0.027 | |
Nov 01, 2002 | $0.029 | |
Oct 01, 2002 | $0.027 | |
Sep 03, 2002 | $0.028 | |
Jul 01, 2002 | $0.028 | |
Jun 03, 2002 | $0.028 | |
May 01, 2002 | $0.030 | |
Apr 01, 2002 | $0.033 | |
Mar 01, 2002 | $0.036 | |
Feb 01, 2002 | $0.036 | |
Jan 02, 2002 | $0.040 | |
Dec 03, 2001 | $0.042 | |
Nov 01, 2001 | $0.039 | |
Oct 01, 2001 | $0.040 | |
Sep 04, 2001 | $0.042 | |
Aug 01, 2001 | $0.043 | |
Jul 02, 2001 | $0.042 | |
Jun 01, 2001 | $0.045 | |
May 01, 2001 | $0.045 | |
Apr 02, 2001 | $0.047 | |
Mar 01, 2001 | $0.046 | |
Feb 01, 2001 | $0.048 | |
Jan 02, 2001 | $0.049 |
ISBSX - Fund Manager Analysis
Managers
Justin C. Waggoner
Start Date
Tenure
Tenure Rank
Nov 15, 2013
1.71
1.7%
Mr. Waggoner is a Portfolio Manager, focusing on Boyd Watterson’s suite of taxable short/intermediate fixed income portfolios. He has been employed by Boyd Watterson since 2007. Mr. Waggoner joined Duff & Phelps, predecessor to Boyd Watterson, in 1999 and has more than a decade of experience in the investment industry. He holds an MBA from Case Western Reserve University and a BS from Ohio State University.
Gregory H. Cobb
Start Date
Tenure
Tenure Rank
Nov 15, 2013
1.71
1.7%
Gregory H. Cobb. Mr. Cobb is an Executive Vice President and the Lead Fixed Income Strategist at Boyd Watterson Asset Management. Mr. Cobb joined Sovereign Advisers in 1999 which subsequently merged into Boyd Watterson on January 1, 2011. At Sovereign Advisers, Mr. Cobb was a managing director and the chief investment officer of the firm. He has more than 20 years experience working in the investment industry. Prior to joining Sovereign Advisers, he was a senior portfolio manager for the fixed-income divisions of Bank of America, Trusco Capital Management and Barnett Banks. Mr. Cobb is an affiliated member of the CFA Society of North Carolina and the CFA Institute. Mr. Cobb earned his BA degree in economics from the University of North Carolina at Chapel Hill where he also pursued post-graduate studies in economics and finance.
G David Hollins
Start Date
Tenure
Tenure Rank
Nov 15, 2013
1.71
1.7%
G. David Hollins, CFA. Mr. Hollins is Director of Credit Research at Boyd Watterson Asset Management. Prior to joining the firm in 2008, David served as Senior Securities Analyst at Bank of America (TradeStreet Investment Associates), Investment Officer at Unum (Provident Investment Management), and Director of Research at BlackHawk Capital Management. David has 25 years of experience working in the investment industry. David holds a CFA Charter from CFA Institute, an MBA from East Tennessee State University, and a BS from the University of Tennessee. He is a member of the CFA Society of North Carolina, CFA Institute, and the Charlotte Economics Club.
Brian A Convery
Start Date
Tenure
Tenure Rank
Nov 15, 2013
1.71
1.7%
Brian A. Convery, CFA. Mr. Convery is a Portfolio Manager focusing on Boyd Watterson's high yield portfolios and credit research. Mr. Convery is also a member of the Real Estate Investment Committee. Brian joined Boyd Watterson Asset Management in 2011. Prior to joining the firm, Brian was a Senior Investment Analyst with Key Private Bank in Cleveland and a Partner at WR Huff Asset Management. Brian has more than a decade of investment experience. He holds a CFA Charter from CFA Institute, an MBA from Georgetown University, and a BA from the University of Dayton. Brian is a member of the CFA Society of Cleveland and CFA Institute.
David M. Dirk
Start Date
Tenure
Tenure Rank
Nov 15, 2013
1.71
1.7%
David M. Dirk, CFA. Mr. Dirk is co-Director of Fixed Income with responsibility for directing all Portfolio Management and Trading activity at Boyd Watterson Asset Management. This includes the evaluation, implementation, and execution of all strategies across Boyd Watterson's suite of fixed income products. Mr. Dirk joined Duff & Phelps, predecessor to Boyd Watterson Asset Management, in 1996 and has more than 15 years of experience in the investment industry. David holds a CFA Charter from CFA Institute, an MBA from Case Western Reserve University, and a BA from Baldwin-Wallace College. He is also a member of the CFA Society of Cleveland and CFA Institute.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.66 | 30.51 | 9.5 | 12.59 |