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Hawaiian Tax-Free Trust A HULAX

Medalist Rating as of | See Asset Management Group Investment Hub
  • NAV / 1-Day Return 10.51  /  +0.01 %
  • Total Assets 472.5 Mil
  • Adj. Expense Ratio
    0.870%
  • Expense Ratio 0.870%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.94%
  • Effective Duration 5.72 years

USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 PM GMT+0

Morningstar’s Analysis HULAX

Will HULAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Business as Usual for Hawaiian Tax-Free Trust After Comanager Departs; Ratings Unchanged.

null Max Curtin

Max Curtin

Analyst Note

Hawaiian Tax-Free Trust is now under the sole management of Reid Smith after former comanager Stephen Dodge’s mid-October departure. Given Smith’s industry experience and the simplicity of this single-state mandate, we don’t view this change as material to the strategy’s ratings. During Dodge’s eight years at subadvisor Bank of Hawaii, he began in a supporting operations role before taking on some credit and trading responsibilities as a named manager in 2021. But Smith has always been the key figure here since rejoining the bank in August 2021.

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Portfolio Holdings HULAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 26.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 5%

4.46 21.2 Mil
municipal

HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 5.25%

4.11 19.6 Mil
municipal

HAWAII ST DEPT BUDGET & FIN SPL PURP REV 5%

3.35 15.9 Mil
municipal

HAWAII ST ARPTS SYS REV 5%

2.64 12.6 Mil
municipal

HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 5.25%

2.36 11.2 Mil
municipal

HAWAII ST 5%

2.33 11.1 Mil
municipal

HAWAII ST HBR SYS REV 4%

2.17 10.3 Mil
municipal

HONOLULU HAWAII CITY & CNTY BRD WTR SUPPLY WTR SYS REV 4%

2.12 10.1 Mil
municipal

HAWAII ST HBR SYS REV 4%

1.93 9.2 Mil
municipal

HAWAII ST 4%

1.40 6.7 Mil
municipal