UTAFX Performance — Aquila Tax-Free Fund For Utah, Class F
Data updated: 2024-08-21
UTAFX returned +2.58% over one year to Jun 2024. Annualised returns are −1.03% over 3 years and +0.68% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $97, against $97 for the category, and to $103 over one year, against $103. Volatility over the past three years was 6.04% a year. In the 12 months to Jun 2024 the fund took in a net $60.8M, and assets reached $256.88M.
UTAFX Growth of $100
What $100 invested in Aquila Tax-Free Fund For Utah grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | UTAFX | Category average |
|---|---|---|
| 1 year (Jul 2023 – Jun 2024) | $103 | $103 |
| 3 years (Jul 2021 – Jun 2024) | $97 | $97 |
| 5 years (Jul 2019 – Jun 2024) | $103 | $104 |
UTAFX Trailing Returns
Total returns to Jun 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +2.58% |
| 3 years (annualised) | −1.03% |
| 5 years (annualised) | +0.68% |
UTAFX Annual Returns
Calendar-year total returns of Aquila Tax-Free Fund For Utah, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Jun) | −0.35% |
| 2023 | +4.39% |
| 2022 | −7.02% |
| 2021 | +0.58% |
| 2020 | +4.51% |
| 2019 (Jul–Dec) | +1.76% |
UTAFX 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 | −0.2% | +0.1% | −0.1% | −0.9% | −0.5% | +1.3% | — | — | — | — | — | — |
| 2023 | +2.2% | −2.1% | +1.9% | −0.3% | −0.9% | +0.7% | +0.1% | −0.8% | −2.2% | −0.9% | +4.9% | +2.0% |
| 2022 | −2.6% | −0.4% | −2.5% | −2.3% | +1.4% | −1.2% | +2.2% | −2.1% | −3.0% | −0.4% | +3.6% | +0.4% |
| 2021 | +0.3% | −1.3% | +0.4% | +0.6% | +0.3% | +0.2% | +0.7% | −0.4% | −0.8% | −0.1% | +0.7% | +0.1% |
| 2020 | +1.4% | +1.0% | −1.9% | −0.9% | +2.9% | +0.3% | +0.9% | −0.3% | 0.0% | −0.3% | +0.9% | +0.4% |
| 2019 | — | — | — | — | — | — | +0.7% | +1.3% | −0.6% | +0.1% | +0.1% | +0.2% |
UTAFX Risk
Risk measures from monthly returns over Jul 2021 – Jun 2024.
- 3-year volatility (annualised): 6.04%
- 3-year Sharpe ratio: -0.92 (vs 4.5% risk-free rate)
- Best month: +4.87% (Nov 2023)
- Worst month: −3.01% (Sep 2022)
UTAFX Fund Flows
Monthly money in and out of Aquila Tax-Free Fund For Utah, from SEC Form N-PORT.
- 12-month net flow: $60.8M
- 12-month gross sales (incl. reinvestments): $48.8M
- Sales ÷ redemptions: -4.05×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2024 | $1.8M | $8.6M | −$6.8M |
| May 2024 | $4.6M | $13.5M | −$8.9M |
| Apr 2024 | $3.5M | $9.8M | −$6.4M |
| Mar 2024 | $4.8M | $6.9M | −$2.1M |
| Feb 2024 | $4.6M | $5.7M | −$1.1M |
| Jan 2024 | $6.1M | $5.5M | $622K |
| Dec 2023 | $4.0M | −$14.3M | $18.4M |
| Nov 2023 | $3.2M | −$10.9M | $14.1M |
| Oct 2023 | $2.5M | −$12.2M | $14.7M |
| Sep 2023 | $3.9M | −$9.4M | $13.2M |
| Aug 2023 | $4.7M | −$9.5M | $14.2M |
| Jul 2023 | $5.1M | −$5.9M | $10.9M |
UTAFX Assets Under Management
Net assets of Aquila Tax-Free Fund For Utah by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-06-28 | $256.88M |
| 2024-03-28 | $281.22M |
| 2023-12-29 | $286.24M |
| 2023-09-29 | $299.25M |
| 2023-06-30 | $321.13M |
| 2023-03-31 | $331.56M |
| 2022-12-30 | $337.87M |
| 2022-09-30 | $360.73M |
| 2022-06-30 | $392.72M |
| 2022-03-31 | $436.89M |
| 2021-12-31 | $475.86M |
| 2021-09-30 | $484.00M |
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.