9 important things you should know about American Independence SEKSX mutual fund
Updated: December 03, 2021
Bull case
3-year return above the benchmark
10-year return above the benchmark
No sales load or distribution fees
Bear case
Low net assets
5-year return below the benchmark
15-year return below the benchmark

Before we start: if you’re looking for SEKSX “stock” price, you can quickly find it out by visiting Finny and typing "SEKSX quote". If you’re looking for a quick scoop on SEKSX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "SEKSX". You’ll get all this info in one place.

Are you looking to buy or sell SEKSX? Or perhaps you’re looking for SEKSX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this SEKSX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: SEKSX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: SEKSX buy or sell; the pros and cons of investing in SEKSX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to SEKSX.

And here is the list of questions we’ll answer:

  1. Describe American Independence Funds Trust: American Independence Kansas Tax-Exempt Bond Fund; Institutional Class Shs (SEKSX).
  2. What are SEKSX holdings?
  3. What is SEKSX performance? What are SEKSX historical returns?
  4. What is SEKSX dividend yield?
  5. What is SEKSX minimum initial investment amount?
  6. Does SEKSX have any sales loads or 12b-1 distribution expenses?
  7. What is SEKSX Finny Score? SEKSX buy or sell?
  8. What are the pros of investing in SEKSX? What are SEKSX buy reasons?
  9. What are the cons of investing in SEKSX? What are SEKSX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Independence Funds Trust: American Independence Kansas Tax-Exempt Bond Fund; Institutional Class Shs (SEKSX).

The Fund 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 Funds assets, plus borrowings for investment purposes, will be invested in securities the income from which is not subject to the alternative minimum tax.

2. What are SEKSX top holdings?

SEKSX has 0 stock holdings and 200 bond holdings.

The top 8 holdings represent 13.46% of total assets. Here are the top holdings:

Name Symbol % Assets
Federated Hermes Treasury Obl Svc TOSXX 3.47%
SEWARD CNTY KANS UNI SCH DIST NO 480 5% N/A 1.57%
WICHITA KANS WTR & SWR UTIL REV 5% N/A 1.51%
TOPEKA KANS UTIL REV 4% N/A 1.46%
ALLEN CNTY KANS UNI SCH DIST NO 257 3% N/A 1.41%
BUTLER CNTY KANS UNI SCH DIST NO 385 ANDOVER 5% N/A 1.36%
KANSAS ST DEPT TRANSN HWY REV 5% N/A 1.35%
JOHNSON & MIAMI CNTYS KANS UNI SCH DIST NO 230 5% N/A 1.33%

3. What is SEKSX performance? What are SEKSX historical returns?

SEKSX has generated the following returns:

  • 1-month return is 0.70%;
  • 3-month return is -0.36%;
  • 1-year return is -0.36%;
  • 3-year return is 4.11%;
  • 5-year return is 3.01%;
  • 10-year return is 3.02%;
  • 15-year return is 3.47%.

4. What is SEKSX dividend yield?

SEKSX yield is 1.83%.

5. What is SEKSX minimum initial investment amount?

SEKSX minimum initial investment amount is $3.00M.

6. Does SEKSX have any sales loads or 12b-1 distribution expenses?

SEKSX 12b-1 distribution fee is 0. SEKSX front-end sales load is 0. SEKSX back-end sales load is 0.

Analysis

7. What is Finny Score? buy or sell?

Finny Score is 50. Our quantitative analysis shows 3 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 50.

8. What are the pros of investing in SEKSX? What are SEKSX buy reasons?

The following are SEKSX strengths from our perspective:

  • SEKSX 3-year return is 4.11%, which is in line with the 3-year return of the benchmark index (Bloomberg Municipal 7 Yr 6-8 TR USD), 4.49%.
  • SEKSX 10-year return is 3.02%, which is in line with the 10-year return of the benchmark index (Bloomberg Municipal 7 Yr 6-8 TR USD), 3.2%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

9. What are the cons of investing in SEKSX? What are SEKSX negatives?

The following are SEKSX weaknesses from our perspective:

  • SEKSX net assets are $179.90 million. This fund is not a popular choice with retail investors.
  • SEKSX 5-year return is 3.01%, which is lower than the 5-year return of the benchmark index (Bloomberg Municipal 7 Yr 6-8 TR USD), 3.54%.
  • SEKSX 15-year return is 3.47%, which is lower than the 15-year return of the benchmark index (Bloomberg Municipal 7 Yr 6-8 TR USD), 4.09%.
In the SEKSX review, we covered SEKSX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.