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American Indep Kansas Tax-Exempt Bond I

SEKSX
10.87
+0.00
+0.02%
3/24/2017
5 Years
  • Previous Close

    10.87

  • Net Assets

    166.70M

  • Yield

    2.97%

  • Front load

    None

  • Expenses

    0.48%

  • Category

    Muni Single State Interm

  • Morningstar Risk

    Low

  • Morningstar Rating ★★★★
Profile

Name of Issuer

American Independence

Fund Style

Open

Fund Manager

Jason Graybill

Investment Style

-

The investment seeks to preserve capital while producing current income that is exempt from both federal and Kansas state income taxes. The fund will invest in municipal bonds with maturities ranging up to 20 years and which are rated investment grade. It will maintain a dollar weighted average portfolio maturity between 7 and 12 years. The fund will invest at least 80% of its net assets in municipal bonds which produce interest that is exempt from federal income tax and, is exempt from Kansas state income taxes. It will invest at least 80% of its net assets in securities the income from which is not subject to AMT. The fund is non-diversified.

Purchase Information

Initial Purchase 3,000,000
Initial Purchase: IRA NA
Initial Purchase: AIP NA

Inception

12/10/1990

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