Skip to Content

Aquila Tax-Free Fund For Utah C UTACX

Medalist Rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 9.72  /  +0.01 %
  • Total Assets 284.3 Mil
  • Adj. Expense Ratio
    1.670%
  • Expense Ratio 1.670%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.42%
  • Effective Duration 4.13 years

USD | NAV as of Mar 01, 2024 | 1-Day Return as of Mar 01, 2024, 11:16 PM GMT+0

Morningstar’s Analysis UTACX

Will UTACX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Ratings Unchanged for Aquila Tax-Free Fund for Utah After Manager Retirement Announcement

null Max Curtin

Max Curtin

Analyst Note

Aquila Tax-Free Fund for Utah’s veteran lead manager J.T. Thompson is retiring effective Dec. 31, 2023, after more than three decades in the industry. The firm announced his retirement in a prospectus amendment on July 27, 2023, when it also named Tim Iltz to replace him on the fund as comanager effective Aug. 1, 2023. Thompson’s retirement and the addition of Iltz do not change the fund’s Average People and Process ratings. Oregon-based Iltz, a comanager on Aquila Tax-Free Trust of Oregon ORTFX and Aquila Tax-Free Fund of Colorado COTYX since 2018 and 2023, respectively, joins current comanagers Royden Durham and Tony Tanner on this Utah single-state strategy. Iltz’s two-plus decades of industry experience are rooted in Oregon, where he was a muni underwriter at Wedbush Securities prior to joining Aquila as an analyst in 2011. Between Aquila’s current group of seasoned comanagers and the firm’s history of hiring experienced local talent during manager transitions, these changes don’t affect the strategy’s current ratings.

Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings UTACX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 11.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5.6%

1.65 4.7 Mil
municipal

Dreyfus Treasury Obligations Csh Mgt Ins

1.56 4.4 Mil
Cash and Equivalents

WEBER CNTY UTAH SPL ASSMT 5.75%

1.36 3.9 Mil
municipal

UTAH TRAN AUTH SALES TAX REV 4%

1.26 3.6 Mil
municipal

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5.85%

1.15 3.3 Mil
municipal

SALT LAKE CITY UTAH ARPT REV 5%

1.15 3.3 Mil
municipal

UTAH TRAN AUTH SALES TAX REV 4%

1.10 3.1 Mil
municipal

UTAH ST MUN PWR AGY PWR SUPPLY SYS REV 5%

1.06 3.0 Mil
municipal

UTAH ST 5%

1.00 2.8 Mil
municipal

UTAH HSG CORP SINGLE FAMILY MTG REV 3.85%

0.95 2.7 Mil
municipal