Products November 30, 2005

Arrivato to Take On American Independence Funds

November 30, 2005 (PLANSPONSOR.com) - Arrivato Advisors LLC has entered into an agreement to acquire INTRUST Financial Services, Inc., a subsidiary of INTRUST Bank.
Reported by

INTRUST is the investment adviser to The American Independence Funds, a mutual fund complex with more than $600 million in assets.   According to the announcement, Arrivato will succeed INTRUST as the investment adviser to 10 mutual funds in The American Independence Funds Trust, pending shareholder and regulatory approvals.

At the close of the transaction, Arrivato Advisors will be renamed American Independence Financial Services.   American Independence Financial Services will be the manager of the American Independence Funds, which will include the combined NestEgg Funds and Arrivato Dow Jones US Target Date Funds.

Arrivato Advisors created the first series of products based on the Dow Jones US Target Date Indexes as a result of a licensing agreement between Arrivato Advisors and Dow Jones Indexes (See NewsDash – July 20 LICENSE DRIVERS).

According to the announcement, the result of the reorganization will be:

  • The Arrivato Dow Jones US 2010 Fund and the NestEgg Capital Preservation Fund will merge and become the NestEgg Dow Jones US 2010 Fund;
  • The Arrivato Dow Jones US 2015 Fund and the NestEgg 2010 Fund will merge and become the NestEgg Dow Jones US 2015 Fund;
  • The Arrivato Dow Jones US 2020 Fund and the NestEgg 2020 Fund will merge and become the NestEgg Dow Jones US 2020 Fund;
  • The Arrivato Dow Jones US 2030 Fund and the NestEgg 2030 Fund will merge and become the NestEgg Dow Jones US 2030 Fund;
  • The Arrivato Dow Jones US 2040 Fund and the NestEgg 2040 Fund will merge and become the NestEgg Dow Jones US 2040 Fund;
  • The American Independence Ultra Short Bond Fund will be known as the American Independence Short Term Bond Fund.   Commerce Bank Asset Management, an affiliate of Commerce Bank in New York, New Jersey and Pennsylvania, will assume the sub-advisory function;
  • The American Independence Intermediate Bond Fund will continue also with Commerce Bank Asset Management as sub-advisor;
  • The American Independence Stock Fund will be known as the American Independence Value Equity Fund.    Barrow, Hanley, Mewhinney & Straus, Inc. will continue as sub-advisor;
  • The American Independence International Multi-Manager Stock Fund will be reorganized as the American Independence International Equity Fund and will also be sub-advised by Barrow, Hanley, Mewhinney & Straus, Inc.; and
  • The American Independence Kansas Tax-Exempt Bond Fund will remain and be managed by American Independence Financial Services.

More about Arrivato Advisors LLC can be found at www.arrivatofunds.com .

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