11.06 Up +0.01 +0.09%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 11.05
Category Muni Single State Interm
Net Assets 188.35 Mil
Yield 3.31%
Morningstar Risk Below Average
Morningstar Return Above Average
  • Last NAV update 7/23/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
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.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 1.80% 8.39% 5.04% -2.10% 5.36%
Value ($) 10,180.29 11,034.10 11,590.05 11,346.85 11,954.97
  • Year to date performance as of 7/22/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family American Independence
Fund Manager Robert Campbell
Tenure (Years) 14
Fund Status Open
Minimum Initial Purchase 3.00 Mil
Minimum IRA Investment NA
Front Load 0.00
Expense Ratio 0.48%
PERFORMANCE
Symbol Value ($)
1 Month 0.55%
3 Months 1.49%
1 Year 6.62%
3 Years* 3.94%
5 Years* 4.13%
  • * Annualized returns
  • Performance as of 7/22/2014 12:00 AM ET
PEER COMPARISON
  SEKSX Muni Single State Interm
5-Yr Return 4.13% 4.00%
Sharpe Ratio 1.24 1.35
Net Assets 188.35 Mil 69.59 Mil
Avg Market Cap NA 17.15 Bil
Avg P/E NA NA
Portfolio Turnover 8 16
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 3.09%
Fixed Income 96.27%
Other 0.64%
TOP 10 HOLDINGS
NAME % NET ASSETS
Wichita Kans Hosp Rev Facs Ref 5% 1.93%
Johnson Cnty Kans Wtr Dist 3.25% 1.85%
Wichita Kans Wtr & Swr Util Re Wtr An 5% 1.55%
Topeka Kans Util Rev Ref Rev B 4% 1.41%
Kansas St Dev Fin Auth 5% 1.37%
Topeka Kans Pub Bldg Commn Rev Ref Re 5% 1.36%
Wichita Kans Hosp Rev Hosp Fac 5.25% 1.33%
Kansas St Dev Fin Auth 5% 1.33%
Crawford Cnty Kans Pub Bldg Co Re 5.375% 1.29%
Kansas St Dev Fin Auth 5% 1.17%
DATA PROVIDERS

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