About SEKSX
The Carret Kansas Tax-Exempt Bond Fund Institutional Class is an open-end mutual fund focused on providing investors with monthly income that is exempt from both federal and Kansas state income taxes. Its primary function is to preserve capital while generating tax-free current income, making it particularly attractive for investors seeking tax-advantaged fixed income solutions within the state of Kansas. The fund invests primarily in investment-grade municipal bonds issued by a diverse array of Kansas-based entities, including general obligation, school district, pre-refunded, and essential purpose revenue bonds. With a portfolio maturity typically ranging from 7 to 12 years and holdings in over 150 individual bond positions, the fund maintains a high average credit quality. Active management underpins its strategy, incorporating both national and regional economic factors, interest rate and credit trends, and sector analysis to select securities that align with strict credit and valuation criteria. The Carret Kansas Tax-Exempt Bond Fund Institutional Class plays a significant role in providing reliable, tax-advantaged income to institutional investors, specifically within the Kansas municipal market, and contributes to funding essential public projects throughout the state.
Fund Family American Independence
Category Muni Single State Interm
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol SEKSX
Share Class Institutional Class Shares
Index Bloomberg Municipal Bond 7 Y TR
SEKSX had a total return of 5.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.26%.
