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AI Kansas Tax-Exempt Bond Institutional

SEKSX
11.22
+0.00
+0.03%
2/5/2016
5 Years
  • Previous Close

    11.22

  • Net Assets

    180.27M

  • Yield

    3.06%

  • Front load

    None

  • Expenses

    0.48%

  • Category

    Muni Single State Interm

  • Morningstar Risk

    Below Average

  • Morningstar Rating ★★★★
Profile

Name of Issuer

American Independence

Fund Style

Open

Fund Manager

Robert Campbell

Investment Style

-

The investment seeks to preserve capital while producing current income for the investor that is exempt from both federal and Kansas state income taxes. At least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested in municipal bonds which produce interest that is exempt from federal income tax and, in the opinion of bond counsel of the issuer of Kansas obligations, is exempt from Kansas state income taxes. It will invest in municipal bonds with maturities ranging up to 20 years and which are rated, at time of purchase, investment grade. 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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