Aquila Three Peaks High Income Fund
Data updated: 2024-11-22
C000033901 — Aquila Three Peaks High Income Fund. Short Corporate Bond · $68.69M AUM · 1.01% expense ratio. Holdings, fees, performance and SEC filings.
C000033901 Fund Overview
Aquila Three Peaks High Income Fund is a US mutual fund managed by Aquila Funds Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aquila Funds Trust
- Category: Short Corporate Bond
- Assets under management: $68.69M
- 1-year return: 11.3%
- SEC CIK: 0000707800
- SEC series ID: S000009167
- Share class ID: C000033901
C000033901 Investment Objective and Strategy
Aquila Three Peaks High Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aquila Funds Trust.
Investment objective
The Fund's objective is to obtain high current income.
Principal investment strategy
"The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in income-producing securities. Such securities may be rated at any level by nationally recognized statistical rating organizations or they may be unrated. It is anticipated that the Fund's portfolio will typically include a high proportion, perhaps even 100%, of high-yield/high-risk securities rated below investment grade. Such securities are sometimes called ""junk bonds."" The bonds the Fund purchases can be of any maturity but the average effective weighted maturity of the Fund's portfolio will normally be within one year of the average maturity of the Bloomberg Barclays US Corporate High Yield Total Return Index Value Unhedged. The average maturity of the Index as of December 31, 2017 was 6.27 years.
In addition to considering economic factors such as the effect of interest rates on the Fund's investments, Three Peaks Capital Management, LLC (the ""Sub-Adviser""), applies a ""bottom up"" approach in choosing investments. This means that the Sub-Adviser considers the individual characteristics of each potential investment in an income-producing security to determine if it is an attractive investment opportunity and consistent with the Fund's investment policies. Within the parameters of the Fund's specific investment policies, the Fund may invest without limit in foreign debt, including debt of emerging markets issuers. The Fund may also invest in subordinated securities and may hold cash or other short-term investments."
C000033901 Holdings
Top 10 holdings of Aquila Three Peaks High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Rithm Capital Corp. | 3.15% |
| New Fortress Energy, Inc. | 2.99% |
| Century Communities | 2.83% |
| Dreyfus Treasury Obligations Cash Management Fund | 2.81% |
| Transocean Titan Fin Ltd. | 2.62% |
| Ford Motor Company | 2.61% |
| Cleveland-Cliffs, Inc. | 2.59% |
| Viasat, Inc. | 2.58% |
| Qvc, Inc. | 2.53% |
| Venture Global Lng, Inc. | 2.43% |
C000033901 Portfolio Allocation
Asset-class allocation of Aquila Three Peaks High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.2% |
| Cash & Equivalents | 2.8% |
C000033901 Performance
Total returns for C000033901 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 11.3% |
| 3 years (annualised) | 3.3% |
| 5 years (annualised) | 4.4% |
C000033901 Risk Information
Risk metrics for C000033901, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.8%
C000033901 Costs and Fees
C000033901 costs about $101 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.01%
- Gross expense ratio: 1.23%
- Portfolio turnover: 34%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000033901 Cashflows
Over the 12 months to 2024-09, Aquila Three Peaks High Income Fund had net outflows of $10.96M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$4.30M |
| 2024-08 | −$4.68M |
| 2024-07 | −$3.04M |
| 2024-06 | −$4.05M |
| 2024-05 | −$2.46M |
| 2024-04 | −$3.06M |
C000033901 Debt Constituents
Largest debt holdings of Aquila Three Peaks High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Rithm Capital Corp. | 3.15% |
| New Fortress Energy, Inc. | 2.99% |
| Century Communities | 2.83% |
| Transocean Titan Fin Ltd. | 2.62% |
| Ford Motor Company | 2.61% |
| Cleveland-Cliffs, Inc. | 2.59% |
| Viasat, Inc. | 2.58% |
| Qvc, Inc. | 2.53% |
| Venture Global Lng, Inc. | 2.43% |
| Onemain Finance Corp. | 2.31% |
C000033901 Prospectus and SEC Filings
Official Aquila Three Peaks High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-15
- Prospectus (485BPOS) — filed 2023-04-20
- Prospectus supplement (497) — filed 2022-07-01
- Portfolio holdings (N-PORT) — filed 2024-11-22
- Portfolio holdings (N-PORT) — filed 2024-08-20
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Annual census (N-CEN) — filed 2024-03-05
- Annual census (N-CEN) — filed 2023-03-15
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.