Commerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs (KTXIX) Fund Overview
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Beta 0.89: the stock has moved about 11% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerCommerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs (KTXIX) trades at $17.53. Commerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs (KTXIX) primarily invests in Kansas municipal bonds exempt from federal and Kansas taxes. Sector: Financials.
Price as of · Last analyzed: Mar 16, 2026Analyst Coverage for KTXIX: KTXIX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Commerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs (KTXIX) Financial Services Profile
Commerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs (KTXIX) is a non-diversified fund focused on providing tax-exempt income by investing primarily in Kansas municipal bonds. The fund targets institutional investors seeking state and federal tax advantages through municipal bond investments, operating within the asset management sector.
What Is the Investment Thesis for KTXIX?
KTXIX presents a focused investment vehicle for institutional investors seeking tax-advantaged income. The fund's primary value driver is its ability to generate income exempt from federal and Kansas taxes through investments in Kansas municipal bonds. With a beta of 0.89, the fund exhibits moderate volatility relative to the broader market. Key catalysts include ongoing demand for tax-exempt income in a rising tax environment and potential infrastructure development within Kansas, which could increase the supply of attractive municipal bonds. However, potential risks include changes in tax laws that could reduce the attractiveness of municipal bonds and economic downturns in Kansas that could negatively impact the creditworthiness of the fund's holdings. The fund's non-diversified nature amplifies both the potential rewards and risks associated with its concentrated investment strategy.
Based on FMP financials and quantitative analysis
KTXIX Key Highlights
KTXIX focuses on Kansas municipal bonds, providing income exempt from federal and Kansas taxes.
- The fund maintains a beta of 0.89, indicating moderate volatility compared to the market.
- KTXIX is a non-diversified fund, concentrating its investments in a smaller number of issuers.
- The fund invests at least 80% of its net assets in Kansas municipal bonds.
- Up to 10% of the fund's total assets can be invested in unrated securities.
Who Are KTXIX's Competitors?
KTXIX is benchmarked below against 5 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AADBX American Beacon Balanced Fund R5 Class | $15.42 | +0.39% | $102M | — |
| BIPSX ProFunds Biotechnology UltraSector Fund Service Class | $47.00 | -0.11% | $183M | — |
| CIGYX AB Cap Fund, Inc. - AB Concentrated International Growth Portfolio - ADV | $11.13 | +1.09% | $104M | — |
| DDDIX 13D Activist Fund Class I | $27.24 | +0.04% | $115M | — |
| DLFRX DoubleLine Floating Rate Fund - Class N | $8.96 | -0.02% | $104M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are KTXIX's Key Strengths?
Tax-exempt income for Kansas residents
- Focus on Kansas municipal bonds
- Experienced management team
- Established relationships with Kansas municipalities
What Are KTXIX's Weaknesses?
Non-diversified portfolio
- Concentrated geographic focus
- Sensitivity to Kansas economic conditions
- Limited investment flexibility
What Are the Key Risks for KTXIX?
Changes in federal or Kansas tax laws reducing the attractiveness of municipal bonds.
- Economic downturn in Kansas impacting the creditworthiness of municipal bonds.
- Non-diversified portfolio increases vulnerability to specific issuer defaults.
What Threats Does KTXIX Face?
- Changes in tax laws
- Economic downturn in Kansas
- Increased competition from other municipal bond funds
- Rising interest rates
What Are KTXIX's Competitive Advantages?
- Tax-exempt status of Kansas municipal bonds
- Expertise in managing Kansas municipal bond portfolios
- Established relationships with Kansas municipalities and bond issuers
What Does KTXIX Do?
Commerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs (KTXIX) is a financial instrument designed to provide institutional investors with income exempt from regular federal income taxes, federal alternative minimum taxes, and Kansas taxes. The fund achieves this by investing primarily in Kansas municipal bonds. Specifically, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in these bonds, measured at the time of purchase. This concentration makes it particularly sensitive to the economic and regulatory conditions within Kansas. The fund's strategy emphasizes tax benefits for its investors, focusing on bonds that, in the opinion of bond counsel, meet the necessary tax-exempt criteria. It also allows for a smaller portion of its portfolio, up to 10% of total assets, to be allocated to unrated securities within the same Kansas municipal bond market. This allocation provides some flexibility in pursuing higher yields, although it also introduces additional credit risk. KTXIX operates as a non-diversified fund, meaning it can invest a significant portion of its assets in a smaller number of issuers compared to a diversified fund. This approach can potentially lead to higher returns if the selected bonds perform well, but it also increases the fund's vulnerability to adverse developments affecting those specific issuers. The fund's investment decisions are guided by the goal of maximizing tax-exempt income for its institutional shareholders, while navigating the risks associated with a concentrated portfolio of municipal bonds.
What Products and Services Does KTXIX Offer?
- Invests primarily in Kansas municipal bonds.
- Provides income exempt from federal and Kansas taxes.
- Targets institutional investors seeking tax-advantaged returns.
- Manages a non-diversified portfolio of municipal bonds.
- Allocates up to 10% of assets to unrated securities.
- Seeks to maximize tax-exempt income for shareholders.
How Does KTXIX Make Money?
- Generates income through interest payments from municipal bonds.
- Offers tax-exempt returns to institutional investors.
- Manages a concentrated portfolio of Kansas municipal bonds.
What Industry Does KTXIX Operate In?
KTXIX operates within the asset management industry, specifically focusing on bond funds. The municipal bond market, where KTXIX invests, is influenced by factors such as interest rates, tax policies, and the creditworthiness of state and local governments. The competitive landscape includes other municipal bond funds, such as AADBX and BIPSX, that may offer similar tax advantages but with different investment strategies or geographic focuses. The demand for tax-exempt income drives growth in this segment, particularly among high-net-worth individuals and institutional investors seeking to minimize their tax liabilities.
Who Are KTXIX's Key Customers?
- Institutional investors
- High-net-worth individuals seeking tax-advantaged income
- Pension funds
- Endowments
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a fund, not an operating company
KTXIX Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income for Kansas residents
- Focus on Kansas municipal bonds
- Experienced management team
- Established relationships with Kansas municipalities
Bear Case
- Non-diversified portfolio
- Concentrated geographic focus
- Sensitivity to Kansas economic conditions
- Limited investment flexibility
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
KTXIX Latest News
No recent news available for KTXIX.
KTXIX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for KTXIX.
Price Targets
Wall Street price target analysis for KTXIX.
KTXIX MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for KTXIX; grades run from A+ (80-100) to F (below 30).
Common Questions About KTXIX (Financials)
What does Commerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs do?
Commerce Funds, Kansas Tax Free Intermediate Bond Fd Inst Shs (KTXIX) is a specialized investment fund that focuses on providing tax-exempt income to its investors.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Investment decisions should be based on individual risk tolerance and financial circumstances.
- Past performance is not indicative of future results.