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Morningstar

Aquila Narragansett Tax-Free Income A NITFX

Morningstar Medalist Rating
Medalist Rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 10.02  /  +0.01 %
  • Total Assets 170.3 Mil
  • Adj. Expense Ratio
    0.860%
  • Expense Ratio 0.860%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.07%
  • Effective Duration 4.25 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

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.

Ceasing coverage in July 2024.

null Ken Noguchi

Ken Noguchi

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.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings NITFX

More NITFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

1.96 3.6 Mil
municipal

PROVIDENCE R I PUB BLDGS AUTH REV 4%

1.94 3.6 Mil
municipal

Dreyfus Treasury Obligations Csh Mgt Ins

1.92 3.5 Mil
Cash and Equivalents

NARRAGANSETT R I BAY COMMN WASTEWATER SYS REV 4%

1.72 3.2 Mil
municipal

PROVIDENCE R I PUB BLDGS AUTH REV 4%

1.67 3.1 Mil
municipal

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

1.53 2.8 Mil
municipal

RHODE IS INFRASTRUCTURE BK WTR POLLUTION CTL REV 4%

1.42 2.6 Mil
municipal

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

1.36 2.5 Mil
municipal

LINCOLN R I 3.5%

1.21 2.2 Mil
municipal

RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 4%

1.15 2.1 Mil
municipal