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Aquila Narragansett Tax-Free Income I NITIX

Analyst rating as of
NAV / 1-Day Return
11.01  /  0.00
Total Assets
254.5 Mil
Adj. Expense Ratio
1.060%
Expense Ratio
1.060%
Fee Level
High
Longest Manager Tenure
20.17 years
Category
Muni Single State Interm
Credit Quality / Interest Rate Sensitivity
High / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
1.90%
Effective Duration
4.53 years
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Morningstar’s Analysis

Will NITIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A municipal fund for Rhode Islanders.

Summary

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Aquila Narragansett Tax-Free Income is run by a small but experienced team that offers straightforward exposure to Rhode Island’s muni market, with no U.S. territory bonds and minimal use of midgrade and nonrated fare. No clear advantages and a stiff price tag support a Morningstar Analyst Rating of Neutral on its cheaper share classes while its more-expensive share classes are rated Negative.

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