International

At American Independence, our dedication to performance, and our entrepreneurial approach to opportunity, makes international investing a natural fit. In our singleminded pursuit of your success, our managers span the globe for investment opportunities that offer solid potential for growth and diversification. American Independence offers broadly diversified international funds designed to serve as core holdings in a portfolio, as well as a fund designed to manage against the risks of global inflation.

International markets provide an opportunity to invest in foreign companies that have the potential to grow faster than their U.S. counterparts. Foreign investments can also add greater diversification to a portfolio because overseas markets do not typically move in lock-step with domestic markets over the long term.

While international diversification may help to reduce overall portfolio risk over time, it also has unique risks that need to be taken into consideration. Political or economic instability in foreign countries could negatively affect foreign investments, especially in emerging markets. Fluctuating foreign exchange rates can increase or decrease the dollar value of an investment even if the security's price remains unchanged. Through professional management and broad diversification, the inherent risks of international investing can be reduced but not eliminated.

American Independence International Alpha Strategies Fund

The Fund's goal is to provide long-term capital appreciation. The Fund normally invests at least 80% of its net assets in foreign securities, which may include emerging markets.

 

©2005 American Independence Financial Services, LLC

Important Disclosures

Investing in the Funds involves risk. Equity securities are more volatile and carry more risk than other forms of investments. The Funds may invest in small and mid cap securities which are more volatile than large cap stocks. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value. Investments in fixed income securities are subject to interest rate risks. The principal value of a bond falls when interest rates rise and rises when interest rates fall. During periods of rising interest rates, the value of a bond investment is at greater risk than during periods of stable or falling rates.

Investing in a single-sector mutual fund involves greater risk and potential reward than investing in a more diversified fund. By concentrating on a small number of holdings, the fund carries greater risk because each investment has a greater effect on the fund's overall performance.

For more complete information, you can obtain a prospectus containing complete information on the funds by calling 866-410-2006, or by downloading them from this web site. You should read and consider the fund’s investment objectives, risks, charges and expenses carefully before you invest or send money. Information about these and other important subjects is in the Funds’ prospectus.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia.For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

Shares of the American Independence Funds are distributed by Matrix Capital Group, Inc., which is not affiliated with American Independence Financial Services, LLC.

NOT FDIC INSURED    MAY LOSE VALUE    NO BANK GUARANTEE