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Morningstar

Hawaiian Tax-Free Trust C HULCX

Morningstar Medalist Rating
Medalist Rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 10.43  /  0.19 %
  • Total Assets 483.9 Mil
  • Adj. Expense Ratio
    1.670%
  • Expense Ratio 1.670%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.10%
  • Effective Duration 6.14 years

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:18 PM GMT+0

Morningstar’s Analysis HULCX

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

People Pillar

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

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.

by Max Curtin
Published on

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Portfolio Holdings HULCX

More HULCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 180
  • Other Holdings 6
  • % Assets in Top 10 Holdings 25.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 5%

4.19
19,894,142
municipal

HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 5.25%

3.87
18,358,900
municipal

HAWAII ST DEPT BUDGET & FIN SPL PURP REV 5%

3.32
15,763,354
municipal

HAWAII ST ARPTS SYS REV 5%

2.51
11,900,640
municipal

HAWAII ST 5%

2.24
10,638,431
municipal

HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 5.25%

2.22
10,532,000
municipal

HAWAII ST HBR SYS REV 4%

1.95
9,238,400
municipal

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

1.85
8,781,100
municipal

HAWAII ST HBR SYS REV 4%

1.75
8,295,840
municipal

HAWAII ST 4%

1.36
6,457,158
municipal