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Morningstar

Aquila Narragansett Tax-Free Income C NITCX

Morningstar Medalist Rating
Medalist Rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 9.62  /  0.62 %
  • Total Assets 187.4 Mil
  • Adj. Expense Ratio
    1.710%
  • Expense Ratio 1.710%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.21%
  • Effective Duration 4.75 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis NITCX

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

People Pillar

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

Straightforward municipal exposure for Rhode Island investors.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Aquila Narragansett Tax-Free Income provides Rhode Island investors with straightforward exposure to the state’s municipal market, but at the cost of diversification benefits. It earns Morningstar Analyst Ratings of Neutral and Negative, depending on fees.

by Max Curtin
Rated on Published on

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Portfolio Holdings NITCX

More NITCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 167
  • Other Holdings 3
  • % Assets in Top 10 Holdings 14.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 5%

1.86
3,678,305
municipal

PROVIDENCE R I PUB BLDGS AUTH REV 4%

1.82
3,592,855
municipal

NARRAGANSETT R I BAY COMMN WASTEWATER SYS REV 4%

1.61
3,191,326
municipal

PROVIDENCE R I PUB BLDGS AUTH REV 4%

1.56
3,093,450
municipal

RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 4%

1.42
2,808,687
municipal

RHODE IS INFRASTRUCTURE BK WTR POLLUTION CTL REV 4%

1.33
2,630,362
municipal

RHODE ISLAND ST & PROVIDENCE PLANTATIONS 4%

1.31
2,591,250
municipal

RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 4%

1.27
2,513,780
municipal

RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 5%

1.27
2,503,200
municipal

LINCOLN R I 3.5%

1.13
2,240,286
municipal