Aquila Tax-Free Trust of Oregon
Data updated: 2024-08-21
C000218605 — Aquila Tax-Free Trust of Oregon. Intermediate Municipal - National Bond · $368.45M AUM. Holdings, fees, performance and SEC filings.
C000218605 Fund Overview
Aquila Tax-Free Trust of Oregon 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: $368.45M
- 1-year return: 0.9%
- SEC CIK: 0000784056
- SEC series ID: S000068287
- Share class ID: C000218605
C000218605 Investment Objective and Strategy
Aquila Tax-Free Trust of Oregon describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aquila Municipal Trust.
Investment objective
The Funds objective is to provide you as high a level of current income exempt from Oregon state and regular Federal income taxes as is consistent with preservation of capital.
Principal investment strategy
Under normal circumstances, at least 80% of the Funds net assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Oregon state and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. In general, almost all of these obligations are issued by the State of Oregon, its counties and various other local authorities; these obligations may also include certain other governmental issuers. We call these Oregon Obligations. These securities may include participation or other interests in municipal securities and variable rate demand notes. Some Oregon Obligations, such as general obligation issues, are backed by the issuers taxing authority, while other Oregon 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 Funds weighted average maturity has traditionally been between 5 and 15 years. The Fund is classified as a non-diversified investment company under the Investment Company Act of 1940 (the 1940 Act), which means it may invest a greater percentage of its assets in a smaller number of issuers than a diversified fund. At the time of purchase, the Funds Oregon 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 Funds Manager, Aquila Investment Management LLC. The Manager selects obligations for the Funds portfolio in order to achieve the Funds objective by considering various characteristics including quality, maturity and coupon rate.
C000218605 Holdings
Top 10 holdings of Aquila Tax-Free Trust of Oregon by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Treasury Obligations Cash Management Fund | 2.72% |
| Jackson Cnty Or Sch Dist #5 As | 1.72% |
| Oregon St Hlth & Science Univ | 1.63% |
| Multnomah Cnty Or Sch Dist #7 | 1.57% |
| Clackamas & Washington Cntys O | 1.51% |
| Portland Or Swr Sys Revenue | 1.49% |
| Marion & Polk Cntys Or Sch Dis | 1.45% |
| Oregon St Dept Of Transprtn Hi | 1.43% |
| Portland Or Swr Sys Revenue | 1.40% |
| Oregon St Dept Of Admin Svcs L | 1.37% |
C000218605 Portfolio Allocation
Asset-class allocation of Aquila Tax-Free Trust of Oregon by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.2% |
| Cash & Equivalents | 2.7% |
C000218605 Performance
Total returns for C000218605 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.9% |
| 3 years (annualised) | -2.1% |
C000218605 Risk Information
Risk metrics for C000218605, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.8%
C000218605 Costs and Fees
C000218605 costs about $155 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.55%
- Gross expense ratio: 1.56%
- Portfolio turnover: 12%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000218605 Cashflows
Over the 12 months to 2024-06, Aquila Tax-Free Trust of Oregon had net inflows of $73.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$11.08M |
| 2024-05 | −$15.18M |
| 2024-04 | −$11.39M |
| 2024-03 | −$7.54M |
| 2024-02 | −$1.91M |
| 2024-01 | −$3.42M |
C000218605 Debt Constituents
Largest debt holdings of Aquila Tax-Free Trust of Oregon by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Jackson Cnty Or Sch Dist #5 As | 1.72% |
| Oregon St Hlth & Science Univ | 1.63% |
| Multnomah Cnty Or Sch Dist #7 | 1.57% |
| Clackamas & Washington Cntys O | 1.51% |
| Portland Or Swr Sys Revenue | 1.49% |
| Marion & Polk Cntys Or Sch Dis | 1.45% |
| Oregon St Dept Of Transprtn Hi | 1.43% |
| Portland Or Swr Sys Revenue | 1.40% |
| Oregon St Dept Of Admin Svcs L | 1.37% |
| Oregon St Dept Of Transprtn Hi | 1.36% |
C000218605 Prospectus and SEC Filings
Official Aquila Tax-Free Trust of Oregon 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
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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.