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.
Aquila Narragansett Tax-Free Income Y NITYX
NAV / 1-Day Return
10.99
/
0.01
%
Total Assets
254.3 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.710%
Expense Ratio
0.710%
Fee Level
High
Longest Manager Tenure
20.17
years
Category
Muni Single State Interm
Credit Quality / Interest Rate Sensitivity
High / ModerateMin. Initial Investment
0
Status
Open
TTM Yield
2.20%
Effective Duration
4.53
years
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will NITYX 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 NITYX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the NITYX 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 NITYX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A municipal fund for Rhode Islanders.
