AI Kansas Tax-Exempt Bond I (SEKSX) shows mixed performance and fees
So, what’s the deal with SEKSX? This fund invests in bonds from states and local municipalities, which help pay for things like schools and infrastructure. The cool part? These bonds often come with tax benefits, making them pretty attractive for investors.
Now, let’s talk about the fund’s history. SEKSX launched back in December 1990 and has about $117.80 million in assets. Neil Klein has been managing it since December 2016, so he’s got some experience under his belt.
When it comes to performance, SEKSX has a 5-year annualized return of just 0.27%. Not the best, but it’s in the middle of the pack. If you look at the 3-year return, it’s a bit rougher at -1.32%, putting it in the bottom third.
Keep in mind, though, that returns can be affected by fees. SEKSX is a no-load fund with an expense ratio of 0.48%, which is lower than the category average of 0.85%. That’s a plus for investors looking to save on costs.
But here’s the catch: the minimum initial investment is $3 million, and any additional investments need to be at least $5,000. So, it’s not exactly for everyone.
In summary, SEKSX is a mixed bag. It has a neutral ranking and average performance, but its lower fees might make it worth considering. If you’re looking into Muni – Bonds funds, there’s plenty more info out there to help you find the right fit for your portfolio.
