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Morningstar

Aquila Tax-Free Fund of Colorado A COTFX

Morningstar Medalist Rating
Medalist Rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 9.74  /  0.10 %
  • Total Assets 169.0 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.715%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.94%
  • Effective Duration 3.96 years

USD | NAV as of Jun 07, 2023 | 1-Day Return as of Jun 07, 2023, 10:10 PM GMT+0

Morningstar’s Analysis COTFX

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

People Pillar

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

The departure of a veteran manager calls for a wait-and-see approach.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

The retirement of Aquila Tax-Free Fund of Colorado’s longtime portfolio manager and his influence on this straightforward approach calls for a Process downgrade to Average from Above Average; its cheapest shares retain Morningstar Analyst Ratings of Neutral, while its most expensive share class remains set at Negative.

by Max Curtin
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings COTFX

More COTFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 100
  • Other Holdings 1
  • % Assets in Top 10 Holdings 21.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

COLORADO EDL & CULTURAL FACS AUTH REV 5.25%

3.64
6,369,370
municipal

DENVER COLO CITY & CNTY SCH DIST NO 1 5%

2.37
4,154,640
municipal

ADAMS & WELD CNTYS COLO SCH DIST NO 027J BRIGHTON 5%

2.37
4,143,890
municipal

COLORADO ST BLDG EXCELLENT SCHS TODAY CTFS PARTN 5%

2.18
3,818,255
municipal

LARIMER WELD & BOULDER CNTYS COLO SCH DIST NO R-2J THOMPSON 5%

2.15
3,762,585
municipal

REGIONAL TRANSN DIST COLO SALES TAX REV 5%

2.07
3,632,760
municipal

ADAMS 12 FIVE STAR SCHS COLO 5%

1.78
3,120,360
municipal

MESA CNTY COLO VY SCH DIST NO 051 GRAND JUNCTION 5%

1.74
3,047,580
municipal

COLORADO ST BRD GOVERNORS UNIV ENTERPRISE SYS REV 5%

1.73
3,031,948
municipal

LA PLATA CNTY COLO SCH DIST NO 9&R DURANGO 4.5%

1.72
3,004,350
municipal