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Morningstar

Aquila Churchill Tax-Free Fund of KY I CHKIX

Morningstar Medalist Rating
Medalist Rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 9.86  /  0.11 %
  • Total Assets 157.4 Mil
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 0.960%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.26%
  • Effective Duration 4.43 years

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:15 PM GMT+0

Morningstar’s Analysis CHKIX

Will CHKIX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CHKIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CHKIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CHKIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Straightforward municipal exposure for Kentucky investors.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Aquila Churchill Tax-Free Fund of Kentucky’s lean but experienced investment team plies a straightforward approach to this specialty state municipal bond fund, earning Morningstar Analyst Ratings of Neutral and Negative, depending on fees.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings CHKIX

More CHKIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 133
  • Other Holdings 1
  • % Assets in Top 10 Holdings 22.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

KENTUCKY ST PPTY & BLDGS COMMN REVS 5%

3.24
5,052,200
municipal

KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV 5%

2.62
4,085,493
municipal

JEFFERSON CNTY KY SCH DIST FIN CORP SCH BLDG REV 4%

2.57
4,000,560
municipal

LEXINGTON-FAYETTE URBAN CNTY GOVT KY 4%

2.31
3,601,872
municipal

KENTUCKY ST PPTY & BLDGS COMMN REVS 5%

2.08
3,234,450
municipal

SHELBY CNTY KY SCH DIST FIN CORP SCH BLDG REV 4%

2.06
3,213,536
municipal

KENTUCKY ST PPTY & BLDGS COMMN REVS 5%

1.95
3,029,220
municipal

FAYETTE CNTY KY SCH DIST FIN CORP SCH BLDG REV 5%

1.94
3,024,420
municipal

KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV 5%

1.92
2,993,533
municipal

KENTUCKY HSG CORP MULTI-FAMILY REV 4.65%

1.91
2,968,500
municipal