2 / 5 Stars
2 3 4 2 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#18 in Muni Single State Interm
U.S. News evaluated 68 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 -0.18 percent over the past year, 3.74 percent over the past three years, 3.70 percent over the past five years, and 3.18 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.5%|
|3 Years (Annualized)||3.7%|
|5 Years (Annualized)||3.7%|
|10 Years (Annualized)||3.2%|
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.
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 Below Average compared to funds in the same category according to Morningstar.