Aquila Narragansett Tax-Free Income sports a small but experienced team 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.
Will NITYX 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 NITYX’s performance objective and investment process is for both security selection and portfolio construction.
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.
The Parent Pillar is our rating of NITYX’s parent organization’s priorities and whether they’re in line with investors’ interests.