- What does KTXIX invest in?
- This fund primarily invests at least 80% of its net assets, including any borrowed capital for investment (assessed at the time of purchase), in municipal bonds issued by the state of Kansas. The income generated from these bonds is considered, by bond counsel, to be exempt from regular federal income tax, federal alternative minimum tax, and all Kansas state taxes. Up to 10% of the fund's total assets may also be allocated to unrated securities of this nature. It operates as a non-diversified investment portfolio.
- What is the expense ratio of KTXIX?
- Commerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs (KTXIX) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.
- What is KTXIX's dividend yield?
- KTXIX's trailing-twelve-month yield is 2.81%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of KTXIX?
- Effective duration measures KTXIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. KTXIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of KTXIX?
- KTXIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of KTXIX?
- Yield to maturity (YTM) is the total return you'd earn from KTXIX if every bond in the portfolio is held to maturity at the current price. KTXIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
