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Mutual Fund Insights: AIM Independence Now Institutional Fund (IANIX)

In-depth Analysis of AIM Independence Now Institutional Fund (IANIX)

Mutual fund chart: AIM Independence Now Institutional Fund (IANIX)

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See AIM Independence Now Institutional Fund (IANIX) performance details as of January 31, 2010

Last Trade: $8.29 on 3/19/2010, Change: -0.01 (-0.12%)

Fund Manager - Chris W. Devine

Fund Manager Tenure: 0.5 years [Similar Funds: IANAX IANBX IANCX IANRX IANYX ]
Fundmojo Fund Grade: N/A (Score: *manager is new*) (What does this score mean?)

Devine has been responsible for the fund since its inception and has been associated with Invesco Institutional and/or its affiliates since 1999. Get more insights on Chris W. Devine

What we like about AIM Independence Now Institutional Fund (IANIX)

Data for AIM Independence Now Institutional Fund (IANIX) as of January 31, 2010

AIM Independence Now Institutional Fund (IANIX) has an annual stock turnover rate of 36.00% vs Retirement Income average of 43.70%. It is good that AIM Independence Now Institutional management does not trade extensively for its return.
AIM Independence Now Institutional Fund (IANIX) is less volatile than its peers as it has a 3-year Standard Deviation of 9.43, lower than category average of 9.85
AIM Independence Now Institutional Fund (IANIX) has a lower management fee than its Retirement Income average: 0.56% vs 0.64%
AIM Independence Now Institutional Fund (IANIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

What we are cautious about AIM Independence Now Institutional Fund (IANIX)

Data for AIM Independence Now Institutional Fund (IANIX) as of January 31, 2010

AIM Independence Now Institutional Fund (IANIX) management has been with AIM Independence Now Institutional Fund for only 0.5 years, it is hard to judge manager's ability based on this fund's operation record
AIM Independence Now Institutional Fund is a focused fund with 75.44% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
AIM Independence Now Institutional Fund (IANIX) has a less-than-ideal short-term performance (1-year return 16.87% vs 21.65% Retirement Income category average)
AIM Independence Now Institutional Fund (IANIX) has a less-than-ideal mid-term performance (3-year return -1.04% vs 0.35% Retirement Income category average)
AIM Independence Now Institutional Fund (IANIX) ratio of up-years vs down years can be improved
AIM Independence Now Institutional Fund (IANIX) has a Morningstar rating of 3 and below
AIM Independence Now Institutional Fund (IANIX) does not have a good risk adjusted return as its 3-year Alpha of -2.11 is worse than category average of -0.66, and its 3-year Sharpe ratio is -0.27

See AIM Independence Now Institutional Fund (IANIX) performance details as of January 31, 2010

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AIM Independence Now Institutional Fund (IANIX) Net Asset

Track net asset change of AIM Independence Now Institutional fund (IANIX)

Date	Net Asset
01/2010	$50.00K
11/2009	$50.00K
10/2009	$50.00K

More historic net asset information on AIM Independence Now Institutional Fund (IANIX)

AIM Independence Now Institutional Fund (IANIX) Portfolio Allocation

Track portfolio allocation change of AIM Independence Now Institutional fund (IANIX)

Date	Cash	Stock	Bond	Other
09/2009	9.46%	32.3%	56.91%	1.33%
06/2009	11.55%	32.24%	54.79%	1.41%
03/2009	16.86%	24.94%	54.74%	3.47%

Click here to see more historic asset allocation information on AIM Independence Now Institutional Fund (IANIX)

Most Recent Top 10 Holdings in AIM Independence Now Institutional Fund (IANIX)

Discover what AIM Independence Now Institutional Fund (IANIX) manager is buying

30-Sep-09

AIM Core Bond Inst [22.29%]
AIM Short Term Bond Inst [15.89%]
AIM US Government Instl [8.41%]
PowerShares FTSE RAFI US 1000 [6.4%]
AIM Floating Rate I [6.04%]
AIM Diversified Dividend Instl [4.37%]
AIM International Total Return I [3.76%]
AIM STIT Liquid Assets Inst [3.5%]
AIM Select Real Estate Income Instl [2.99%]
AIM High Yield Inst [2.81%]

30-Jun-09

31-Mar-09

AIM Core Bond Inst [24.33%]
AIM Short Term Bond Inst [18.19%]
AIM Intermediate Government Instl [11.48%]
AIM Floating Rate I [5.38%]
PowerShares FTSE RAFI US 1000 [4.86%]
AIM International Total Return I [4.17%]
AIM Diversified Dividend Instl [3.55%]
AIM Limited Maturity Treasury I [3.4%]
AIM High Yield Inst [2.55%]
PowerShares Dynamic Large Cap Value [2.32%]

Click here for Stock Holding Change Map in AIM Independence Now Institutional Fund (IANIX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.