AIANX shows potential as a bond fund, but investors should weigh its performance and fees carefully
AIANX has been around since January 2003 and has about $137.92 million in assets. The team managing it is made up of investment pros, so you know there’s some experience behind it.
When it comes to performance, AIANX has a 5-year annualized return of 2.67%, which is decent but not stellar. If you look at the 3-year return, it’s actually down by 2.58%. So, it’s been a bit of a mixed bag lately.
One thing to keep in mind is the fund’s volatility. With a standard deviation of 7.3% over the last three years, it’s less volatile than many of its peers. Plus, it has a beta of 0.54, meaning it’s less reactive to market swings.
In terms of quality, AIANX is solid, with 93.02% of its bonds rated at least ‘AA’. The average quality is AAA, so you’re looking at high-quality securities.
Cost-wise, AIANX is a no-load fund with an expense ratio of 0.34%, which is lower than the category average. You can start investing with no minimum initial investment, making it accessible.
Overall, AIANX seems like a fair option for investors right now. It’s got a neutral rank, decent performance, and lower fees, but it’s not a standout choice. If you’re diving into bond funds, make sure to do your homework and compare it with others to find the best fit for your portfolio.
