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15 important things you should know about American Independence IBFSX mutual fund

Updated: September 10, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for IBFSX “stock” price, you can quickly find it out by visiting Finny and typing "IBFSX quote". If you’re looking for a quick scoop on IBFSX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "IBFSX". You’ll get all this info in one place.

Are you looking to buy or sell IBFSX? Or perhaps you’re looking for IBFSX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this IBFSX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: IBFSX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: IBFSX buy or sell; the pros and cons of investing in IBFSX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to IBFSX.

And here is the list of questions we’ll answer:

  1. Describe American Independence Funds Trust: American Independence Carret Core Plus Fund; Class A Shares (IBFSX).
  2. What are IBFSX holdings?
  3. What is IBFSX performance? What are IBFSX historical returns?
  4. How many up and down years did IBFSX have historically?
  5. What is IBFSX dividend yield?
  6. What is IBFSX minimum initial investment amount?
  7. What is IBFSX expense ratio?
  8. Does IBFSX have any sales loads or 12b-1 distribution expenses?
  9. What is IBFSX tax efficiency (tax-cost ratio)?
  10. What is IBFSX beta? How would you assess IBFSX risk?
  11. What is IBFSX Sharpe ratio?
  12. What is IBFSX Finny Score? IBFSX buy or sell?
  13. What are the pros of investing in IBFSX? What are IBFSX buy reasons?
  14. What are the cons of investing in IBFSX? What are IBFSX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Independence Funds Trust: American Independence Carret Core Plus Fund; Class A Shares (IBFSX).

The Fund seeks to provide investors with as high a level of current income as is consistent with managing for total return by investing in fixed income securities.

2. What are IBFSX top holdings?

IBFSX has 0 stock holdings and 0 bond holdings.

The top 1 holding represent 1.72% of total assets. Here are the top holdings:

Name Symbol % Assets
FNMA 3% N/A 1.72%

3. What is IBFSX performance? What are IBFSX historical returns?

IBFSX has generated the following returns:

4. How many up and down years did IBFSX have historically?

In the last 10 years, IBFSX had 7 up years and 2 down years.

5. What is IBFSX dividend yield?

IBFSX yield is 2.38%.

6. What is IBFSX minimum initial investment amount?

IBFSX minimum initial investment amount is $2.00K.

7. What is IBFSX expense ratio?

IBFSX expense ratio is 0.8%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does IBFSX have any sales loads or 12b-1 distribution expenses?

IBFSX 12b-1 distribution fee is 0.35. IBFSX front-end sales load is 4.25. IBFSX back-end sales load is 0.

9. What is IBFSX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is %;
  • 3-year ax cost ratio is %.

10. What is IBFSX beta? How would you assess IBFSX risk?

11. What is IBFSX Sharpe ratio?

Analysis

12. What is Finny Score? buy or sell?

Finny Score is N/A. Our quantitative analysis shows 0 reasons to buy and 3 reasons to sell. Finny Scores are not available if there are insufficient data points from the analysis.

13. What are the pros of investing in IBFSX? What are IBFSX buy reasons?

We don't see any strong reasons to buy IBFSX.

14. What are the cons of investing in IBFSX? What are IBFSX negatives?

The following are IBFSX weaknesses from our perspective:

  • IBFSX net assets are $0.10 million. This fund is not a popular choice with retail investors.
  • IBFSX expense ratio is 0.8%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.35%, while the maximum front-end sales load is 4.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the IBFSX review, we covered IBFSX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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