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.
Will NITIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NITIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NITIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NITIX’s parent organization’s priorities and whether they’re in line with investors’ interests.