NITIX Performance — Aquila Narragansett Tax-Free Income Fund, Class I
Data updated: 2024-08-21
NITIX returned +1.73% over one year to Jun 2024. Annualised returns are −1.54% over 3 years and +0.26% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $95, against $97 for the category, and to $102 over one year, against $103. Volatility over the past three years was 6.56% a year. In the 12 months to Jun 2024 the fund lost a net $5.6M, and assets reached $145.86M.
NITIX Growth of $100
What $100 invested in Aquila Narragansett Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | NITIX | Category average |
|---|---|---|
| 1 year (Jul 2023 – Jun 2024) | $102 | $103 |
| 3 years (Jul 2021 – Jun 2024) | $95 | $97 |
| 5 years (Jul 2019 – Jun 2024) | $101 | $104 |
NITIX Trailing Returns
Total returns to Jun 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +1.73% |
| 3 years (annualised) | −1.54% |
| 5 years (annualised) | +0.26% |
NITIX Annual Returns
Calendar-year total returns of Aquila Narragansett Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Jun) | −0.95% |
| 2023 | +4.18% |
| 2022 | −7.51% |
| 2021 | +0.53% |
| 2020 | +3.94% |
| 2019 (Jul–Dec) | +1.60% |
NITIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −0.3% | 0.0% | −0.1% | −0.8% | −0.8% | +1.2% | — | — | — | — | — | — |
| 2023 | +2.5% | −2.1% | +1.9% | −0.3% | −0.9% | +0.6% | +0.2% | −1.0% | −2.7% | −1.4% | +5.7% | +2.2% |
| 2022 | −2.3% | −0.4% | −2.7% | −2.5% | +1.3% | −1.5% | +2.2% | −2.1% | −3.2% | −0.7% | +4.1% | +0.2% |
| 2021 | +0.1% | −1.0% | +0.4% | +0.6% | +0.2% | +0.1% | +0.5% | −0.2% | −0.8% | −0.1% | +0.6% | 0.0% |
| 2020 | +1.3% | +1.0% | −1.8% | −0.7% | +2.6% | 0.0% | +0.9% | −0.2% | 0.0% | −0.1% | +0.8% | +0.2% |
| 2019 | — | — | — | — | — | — | +0.7% | +1.2% | −0.7% | 0.0% | +0.2% | +0.2% |
NITIX Risk
Risk measures from monthly returns over Jul 2021 – Jun 2024.
- 3-year volatility (annualised): 6.56%
- 3-year Sharpe ratio: -0.92 (vs 4.5% risk-free rate)
- Best month: +5.65% (Nov 2023)
- Worst month: −3.24% (Sep 2022)
NITIX Fund Flows
Monthly money in and out of Aquila Narragansett Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$5.6M
- 12-month gross sales (incl. reinvestments): $23.9M
- Sales ÷ redemptions: 0.81×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2024 | $405K | $7.4M | −$7.0M |
| May 2024 | $668K | $16.3M | −$15.6M |
| Apr 2024 | $3.9M | $19.2M | −$15.3M |
| Mar 2024 | $1.4M | $3.8M | −$2.4M |
| Feb 2024 | $1.4M | $3.2M | −$1.8M |
| Jan 2024 | $4.2M | $3.1M | $1.1M |
| Dec 2023 | $2.0M | −$5.9M | $7.9M |
| Nov 2023 | $3.2M | −$2.8M | $6.0M |
| Oct 2023 | $2.7M | −$5.3M | $8.1M |
| Sep 2023 | $725K | −$2.6M | $3.3M |
| Aug 2023 | $1.6M | −$3.2M | $4.8M |
| Jul 2023 | $1.7M | −$3.6M | $5.3M |
NITIX Assets Under Management
Net assets of Aquila Narragansett Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-06-28 | $145.86M |
| 2024-03-28 | $185.72M |
| 2023-12-29 | $190.54M |
| 2023-09-29 | $185.88M |
| 2023-06-30 | $199.10M |
| 2023-03-31 | $205.85M |
| 2022-12-30 | $201.81M |
| 2022-09-30 | $215.92M |
| 2022-06-30 | $232.22M |
| 2022-03-31 | $249.01M |
| 2021-12-31 | $270.28M |
| 2021-09-30 | $269.07M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.