Aquila Tax-Free Fund For Utah
Data updated: 2024-08-21
C000129286 — Aquila Tax-Free Fund For Utah. Intermediate Municipal - National Bond · $256.88M AUM. Holdings, fees, performance and SEC filings.
C000129286 Fund Overview
Aquila Tax-Free Fund For Utah is a US mutual fund managed by Aquila Municipal Trust, categorised as Intermediate Municipal - National 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 Municipal Trust
- Category: Intermediate Municipal - National Bond
- Assets under management: $256.88M
- 1-year return: 2.5%
- SEC CIK: 0000784056
- SEC series ID: S000041643
- Share class ID: C000129286
C000129286 Investment Objective and Strategy
Aquila Tax-Free Fund For Utah describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aquila Municipal Trust.
Investment objective
The Fund's objective is to provide you as high a level of current income exempt from Utah state and regular Federal income taxes as is consistent with preservation of capital.
Principal investment strategy
"Under normal circumstances, at least 80% of the Fund's net assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Utah state individual and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. These obligations are issued by the State of Utah, its counties and various other local authorities, certain other governmental issuers, and by other states and entities that do not tax interest from obligations issued by the State of Utah. These obligations also include obligations issued by other states, the interest on which is exempt, in the opinion of bond counsel or other appropriate counsel, from regular Federal income tax and, pursuant to an administrative determination of the Utah State Tax Commission issued under statutory authority, from Utah individual (but not corporate) income taxes.
We call these obligations ""Utah Double-Exempt Obligations."" Under normal circumstances, at least 50% of the Fund's assets will consist of obligations of Utah-based issuers. Utah Double-Exempt Obligations may include participation or other interests in municipal securities and variable rate demand notes. Some Utah Double-Exempt Obligations, such as general obligation issues, are backed by the issuer's taxing authority, while other Utah Double-Exempt Obligations, such as revenue bonds, are backed only by revenues from certain facilities or other sources and not by the issuer itself. These obligations can be of any maturity, but the Fund's weighted average maturity has traditionally been between 5 and 15 years. At the time of purchase, the Fund's Utah Double-Exempt Obligations must be of investment grade quality.
This means that they must either be rated within the four highest credit ratings assigned by nationally recognized statistical rating organizations or, if unrated, be determined to be of comparable quality by the Fund's Manager, Aquila Investment Management LLC. The Fund may invest a significant portion of its assets in unrated securities, including those issued in private placement transactions. From time to time, the Fund may hold a significant percentage, or all, of the outstanding private placement bonds issued by certain issuers. The Manager selects obligations for the Fund's portfolio in order to best achieve the Fund's objective by considering various characteristics including quality, maturity and coupon rate."
C000129286 Holdings
Top 10 holdings of Aquila Tax-Free Fund For Utah by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Utah St Chrt Sch Fin Auth Chrt | 1.86% |
| Weber Cnty Ut Spl Assmnt | 1.49% |
| Dreyfus Treasury Obligations Cash Management Fund | 1.47% |
| Utah St Transit Auth Sales Tax | 1.36% |
| Utah St Chrt Sch Fin Auth Chrt | 1.28% |
| Salt Lake City Ut Arpt Revenue | 1.25% |
| Utah St Transit Auth Sales Tax | 1.18% |
| Cache Cnty Ut Sch Dist | 1.17% |
| Utah St Muni Pwr Agy Pwr Sply | 1.15% |
| Utah St Hsg Corp. Sf Mtge Reven | 1.07% |
C000129286 Portfolio Allocation
Asset-class allocation of Aquila Tax-Free Fund For Utah by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.7% |
| Cash & Equivalents | 1.5% |
C000129286 Performance
Total returns for C000129286 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.5% |
| 3 years (annualised) | -1.1% |
| 5 years (annualised) | 0.6% |
C000129286 Risk Information
Risk metrics for C000129286, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.3%
C000129286 Costs and Fees
C000129286 costs about $67 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.67%
- Gross expense ratio: 0.69%
- Portfolio turnover: 12%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000129286 Cashflows
Over the 12 months to 2024-06, Aquila Tax-Free Fund For Utah had net inflows of $60.78M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$6.80M |
| 2024-05 | −$8.92M |
| 2024-04 | −$6.37M |
| 2024-03 | −$2.15M |
| 2024-02 | −$1.11M |
| 2024-01 | $621.67K |
C000129286 Debt Constituents
Largest debt holdings of Aquila Tax-Free Fund For Utah by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Utah St Chrt Sch Fin Auth Chrt | 1.86% |
| Weber Cnty Ut Spl Assmnt | 1.49% |
| Utah St Transit Auth Sales Tax | 1.36% |
| Utah St Chrt Sch Fin Auth Chrt | 1.28% |
| Salt Lake City Ut Arpt Revenue | 1.25% |
| Utah St Transit Auth Sales Tax | 1.18% |
| Cache Cnty Ut Sch Dist | 1.17% |
| Utah St Muni Pwr Agy Pwr Sply | 1.15% |
| Utah St Hsg Corp. Sf Mtge Reven | 1.07% |
| Utah St Chrt Sch Fin Auth Chrt | 0.95% |
C000129286 Prospectus and SEC Filings
Official Aquila Tax-Free Fund For Utah filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-20
- Prospectus (485BPOS) — filed 2022-07-22
- Prospectus (485BPOS) — filed 2021-07-22
- Portfolio holdings (N-PORT) — filed 2024-08-21
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Portfolio holdings (N-PORT) — filed 2024-02-22
- Annual census (N-CEN) — filed 2024-06-12
- Annual census (N-CEN) — filed 2023-06-07
Related Funds
Other Intermediate Municipal - National 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.