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American Indep KS Tax-Exempt Bd I (SEKSX)

11.13 0.00(0.00%) Aug 29

Profile as of Jul 30, 2014Get Profile for:
American Indep KS Tax-Exempt Bd I
American Independence Funds3435 Stelzer RoadColumbus, OH 43219
Map
Phone: 866-410-2006
Fund Overview 
Category:Muni Single State Interm
Fund Family:American Independence
Net Assets:199.29M
Year-to-Date Return:5.44%
Yield:3.33%
Morningstar Rating:4 stars
Fund Inception Date:Dec 10, 1990
Morningstar Style Box 
Muni Single State Interm
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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 (Jul 30, 2014) : 0.00
Last Cap Gain : 0.00
Annual Holdings Turnover (Aug 28, 2014) : 8.00%
Average for Category:10.25%
Fees & Expenses 
ExpenseSEKSXCategory Avg
Annual Report Expense Ratio (net):0.48%0.94%
Prospectus Net Expense Ratio:0.48%N/A
Prospectus Gross Expense Ratio:0.55%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A3.50%
Max Deferred Sales Load: N/A1.79%
3 Yr Expense Projection*:162448
5 Yr Expense Projection*:293679
10 Yr Expense Projection*:6751,335
* Per $10,000 invested