RiverSource Absolute Rtrn Currency&Inc W
70100 Ameriprise Financial Center Minneapolis MN 55474
Map
Phone: 888-791-3380
| Category: | Short-Term Bond | | Fund Family: | RiverSource | | Net Assets: | 271.52M | | Year-to-Date Return: | -0.81% | | Yield: | 2.27% | | Morningstar Rating: | N/A | | Fund Inception Date: | 01-Dec-06 |
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Nicholas Pifer
Lead Manager since
15-Jun-06 | | | Pifer is a portfolio manager with RiverSource Investmens, LLC, his employer since 2000. Prior to 2000, he was a fixed income portfolio manager at Investment Advisers, Inc., where he focused on global fixed income portfolios. Before that, he worked at the Federal Reserve Bank of New York for more than six years, holding positions as an international economist, a foreign exchange trader analyst and as manager of the Banks Foreign Exchange Staff. Pifer holds the Chartered Financial Analyst designation. |
| Min Initial Investment: | $500 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks positive absolute return. The fund normally invests at least 80% of assets in short-duration debt obligations and forward foreign currency contracts. It invests a small portion of assets in U.S. government securities. The fund targets portfolio duration of one to five months but may extend the portfolio duration up to one year. It is nondiversified. |
| Last Dividend
(27-Aug-08):
| 0.01 | | Last Cap Gain
(17-Dec-07):
| 0.36 | | Annual Holdings Turnover
| 36.00% | | Average for Category:
| 105.63% |
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| Expense | RACWX | Category
Avg | | Total Expense Ratio: | 1.54%
| 0.92% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 0.00%
| 2.76% | | Max Deferred Sales Load: | 0.00%
| 2.14% | | 3 Yr Expense Projection*: |
$487 | $416 | | 5 Yr Expense Projection*: |
$840 | $660 | | 10 Yr Expense Projection*: |
$1,840 | $1,356 |
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1.49% Nasdaq 
0.27%
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