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Morningstar

Aquila Churchill Tax-Free Fund of KY Y CHKYX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.09  /  0.01 %
  • Total Assets 168.1 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.610%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.44%
  • Effective Duration 4.33 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:08 PM GMT+00:00

Morningstar’s Analysis CHKYX

Will CHKYX 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 CHKYX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CHKYX 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 CHKYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A straightforward tax-free strategy for the Bluegrass State.

Senior Analyst

Summary

| by Mike Mulach

Aquila Churchill Tax-Free Strategy of Kentucky plies a straightforward process with lean resources. The strategy invests exclusively in investment-grade bonds issued by Kentucky municipalities while eschewing territory debt like Puerto Rico bonds. It earns a Morningstar Analyst Rating of Neutral on its cheaper share classes and Negative on its most expensive share class.

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