American Indep KS Tax-Exempt Bd A
American Independence Funds3435 Stelzer RoadColumbus, OH 43219
Map
Phone: 866-410-2006
| Category: | Muni Single State Interm | | Fund Family: | American Independence | | Net Assets: | 315.20M | | Year-to-Date Return: | 0.21% | | Yield: | 2.83% | | Morningstar Rating: |  | | Fund Inception Date: | Aug 5, 2002 |
|
Robert A. Campbell
Lead Manager since Jul 31, 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). |
| Min Initial Investment: | 5,000 | | Min Initial Investment, IRA: | 250 | | Min Initial Investment, AIP: | 5,000 | | Min Subsequent Investment: | 250 | | Min Subsequent Investment, IRA: | 250 | | Min Subsequent Investment, AIP: | 25 |
|
| |
| The investment seeks to preserve capital while producing current income for the investor that is exempt from both federal and Kansas state income taxes.
The fund normally invests in municipal bonds with maturities ranging up to 20 years and which are rated, at time of purchase, investment grade. It maintains a dollar weighted average portfolio maturity between 7 and 12 years. The fund invests at least 80% of its net assets 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. The fund is non-diversified. |
| Last Dividend
(Apr 29, 2013)
:
| 0.00 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 15, 2013)
:
| N/A | | Average for Category: | 13.31% |
|
| Expense | IKSTX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 0.87% | 0.95% | | Prospectus Net Expense Ratio: | 0.87% | N/A | | Prospectus Gross Expense Ratio: | 0.93% | N/A | | Max 12b1 Fee: | 0.25% | N/A | | Max Front End Sales Load: | 4.25% | 3.69% | | Max Deferred Sales Load:
| N/A | 2.11% | | 3 Yr Expense Projection*: | 691 | 477 | | 5 Yr Expense Projection*: | 900 | 709 | | 10 Yr Expense Projection*: | 1,503 | 1,364 |
|
|
0.34%