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    American Indep KS Tax-Exempt Bd I (SEKSX)

    11.09 Up 0.01(0.09%) Jul 31

    Profile as of Jun 29, 2015Get Profile for:
    American Indep KS Tax-Exempt Bd I
    American Independence Funds Trust225 West 34th Street 9th FloorNew York, NY 10122
    Phone: 866-410-2006
    Fund Overview 
    Category:Muni Single State Interm
    Fund Family:American Independence
    Net Assets:197.87M
    Year-to-Date Return:0.67%
    Morningstar Rating:4 stars
    Fund Inception Date:Dec 10, 1990
    Morningstar Style Box 
    Muni Single State Interm
    [View Category Definition]
    View Top Muni Single State Interm Funds
    About the Morningstar Style Box
    Management Information 
    Robert A. Campbell
    Lead Manager since Aug 1, 2000
    Robert A. Campbell, CFA, Vice President and Portfolio Manager, joined American Independence Financial Services in March, 2006. Prior to joining AIFS, Mr. Campbell was a senior portfolio manager with Galliard Capital Management, Inc. since August 2000. Prior to his employment with Galliard, Mr. Campbell served as a municipal/fixed income portfolio manager with First Commerce Investors (1997-2000), U.S. Bank/First Bank (1996-1997) and Firstier Bank (1995-1996).
    Investment Information 
    Min Initial Investment:3,000,000
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:5,000
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    SEKSX can be purchased from 25 brokerages.

    Fund Summary 
    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.

    Fund Operations 
    Last Dividend (Jun 29, 2015) : 0.00
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jul 29, 2015) : N/A
    Average for Category:11.47%
    Fees & Expenses 
    ExpenseSEKSXCategory Avg
    Annual Report Expense Ratio (net):0.48%0.91%
    Prospectus Net Expense Ratio:0.48%N/A
    Prospectus Gross Expense Ratio:0.58%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A3.47%
    Max Deferred Sales Load: N/A1.76%
    3 Yr Expense Projection*:176446
    5 Yr Expense Projection*:314676
    10 Yr Expense Projection*:7161,333
    * Per $10,000 invested