Aquila Investment Management has agreed to sell most of its municipal-bond investment advisory business to New York Life Investments. Aquila Narragansett Tax-Free Income is among the strategies involved in the pending transaction, which will close on or about July 19, 2024. Per the agreement, New York Life will merge this strategy's assets into MainStay MacKay Strategic Municipal Allocation MTFGX. We will terminate our coverage of Aquila Narragansett Tax-Free Income Fund at that time.
Aquila Narragansett Tax-Free Income A NITFX
- NAV / 1-Day Return 10.11 / +0.01 %
- Total Assets 185.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.860%
- Distribution Fee Level High
- 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 2.05%
- Effective Duration 4.71 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:19 PM GMT+0
Morningstar’s Analysis NITFX
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People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 5% | 1.94 | 3.7 Mil | municipal |
PROVIDENCE R I PUB BLDGS AUTH REV 4% | 1.91 | 3.6 Mil | municipal |
NARRAGANSETT R I BAY COMMN WASTEWATER SYS REV 4% | 1.69 | 3.2 Mil | municipal |
PROVIDENCE R I PUB BLDGS AUTH REV 4% | 1.65 | 3.1 Mil | municipal |
RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 4% | 1.50 | 2.8 Mil | municipal |
RHODE IS INFRASTRUCTURE BK WTR POLLUTION CTL REV 4% | 1.39 | 2.6 Mil | municipal |
RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 5% | 1.32 | 2.5 Mil | municipal |
LINCOLN R I 3.5% | 1.19 | 2.2 Mil | municipal |
RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 4% | 1.14 | 2.2 Mil | municipal |
RHODE IS ST HEALTH & EDL BLDG CORP REV 3% | 1.14 | 2.2 Mil | municipal |