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Morningstar

Aquila Tax-Free Fund For Utah Y UTAYX

Morningstar Medalist Rating
Medalist Rating as of | See Aquila Investment Hub
  • NAV / 1-Day Return 9.63  /  +0.01 %
  • Total Assets 273.5 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.43%
  • Effective Duration 3.95 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:22 PM GMT+0

Morningstar’s Analysis UTAYX

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

  • People Pillar

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

This fund's assets will transfer to New York Life in July 2024.

null Ken Noguchi

Ken Noguchi

Summary

Despite two recent departures, this specialty state municipal bond fund has an experienced investment team that employs a straightforward approach.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings UTAYX

More UTAYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5.6%

1.75 4.8 Mil
municipal

WEBER CNTY UTAH SPL ASSMT 5.75%

1.41 3.8 Mil
municipal

UTAH TRAN AUTH SALES TAX REV 4%

1.29 3.5 Mil
municipal

UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV 5.85%

1.20 3.3 Mil
municipal

SALT LAKE CITY UTAH ARPT REV 5%

1.19 3.2 Mil
municipal

UTAH TRAN AUTH SALES TAX REV 4%

1.13 3.1 Mil
municipal

CACHE CNTY UTAH SCH DIST 4%

1.10 3.0 Mil
municipal

UTAH ST MUN PWR AGY PWR SUPPLY SYS REV 5%

1.09 3.0 Mil
municipal

UTAH ST 5%

1.03 2.8 Mil
municipal

UTAH HSG CORP SINGLE FAMILY MTG REV 3.85%

1.00 2.7 Mil
municipal