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Morningstar

Aquila Tax-Free Fund For Utah C UTACX

Morningstar Analyst Rating
Analyst rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 9.80  /  0.19 %
  • Total Assets 339.6 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.630%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.28%
  • Effective Duration 4.86 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:15 PM GMT+00:00

Morningstar’s Analysis UTACX

Will UTACX 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 UTACX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the UTACX 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 UTACX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A muni strategy for Utah-based investors.

Senior Analyst

Summary

| by Mike Mulach

Aquila Tax-Free Fund for Utah plies a straightforward approach but has experienced some turnover on its already small team. After factoring in high fees, the strategy earns a Morningstar Analyst Rating of Neutral on its cheapest share classes, while its most-expensive share class earns a Negative.

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