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Morningstar

Aquila Narragansett Tax-Free Income Y NITYX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.21  /  0.01 %
  • Total Assets 210.4 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.670%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.14%
  • Effective Duration 5.04 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis NITYX

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 muni fund for Rhode Islanders.

Senior Analyst

Summary

| by Mike Mulach

Aquila Narragansett Tax-Free Income sports a small but experienced team at subadvisor Clarfeld Financial Advisors that offers straightforward exposure to Rhode Island’s muni market. It earns a Morningstar Analyst Rating of Neutral on its cheaper share classes while its more-expensive share classes are rated Negative.

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