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Morningstar

Aquila Narragansett Tax-Free Income A NITFX

Morningstar Analyst Rating
Analyst rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 10.18  /  0.09 %
  • Total Assets 209.2 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.95%
  • Effective Duration 5.04 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:20 PM GMT+00:00

Morningstar’s Analysis NITFX

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

People Pillar

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

A muni fund for Rhode Islanders.

Senior Analyst

Summary

| by Mike Mulach

Aquila Narragansett Tax-Free Income sports a small but experienced team at subadvisor Clarfeld Financial Advisors that offers straightforward exposure to Rhode Island’s muni market. It earns a Morningstar Analyst Rating of Neutral on its cheaper share classes while its more-expensive share classes are rated Negative.

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