2 / 5 Stars
2 2 4 2 5
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#40 in Muni Single State Interm
U.S. News evaluated 72 Muni Single State Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 3.20 percent over the past year, 4.45 percent over the past three years, 4.42 percent over the past five years, and 3.58 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||0.7%|
|3 Years (Annualized)||4.4%|
|5 Years (Annualized)||4.4%|
|10 Years (Annualized)||3.6%|
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.
Fees are Below Average compared to funds in the same category.
American Independence Kansas Tax Exempt Bond Fund has an expense ratio of 0.87 percent.
Risk is Low compared to funds in the same category according to Morningstar.