NITFX : Aquila Narragansett Tax-Free Income Fund Class A

NITFX is a Bond Market Municipal Bond with HIGH fees.

NITFX

Aquila Narragansett Tax-Free Income Fund Class A

FI Score

38 /100

Expense Ratio Rating

5 /10

Expense Rating

2 /10

Market Score

3 /10

Category Score

8 /10

Market Size

3 /10

38% FI Score
  • nitfx
  • Mutual Fund
  • Bond
  • Municipal Bond

Aquila Narragansett Tax-Free Income Fund Class A

Expenses: 0.79% (Better than 0% of similar funds)

This is a bad choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

The investment seeks a high level of current income exempt from Rhode Island state and regular Federal income taxes as is consistent with preservation of capital. Under normal circumstances, at least 80% of the fund's net assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Rhode Island state and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. These obligations can be of any maturity, but the fund's weighted average maturity has traditionally been between 5 and 15 years. The fund is non-diversified.

Largest Holdings

Amount Holding
3.57% CONVENTION CTR AUTH R I REV 4%
1.45% NARRAGANSETT R I BAY COMMN WASTEWATER SYS REV 4%
1.42% RHODE IS ST HEALTH & EDL BLDG CORP REV 4%
1.40% PROVIDENCE R I PUB BLDGS AUTH REV 4%
1.40% PROVIDENCE R I PUB BLDGS AUTH REV 4%
1.36% RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 3.75%
1.30% RHODE ISLAND CLEAN WTR FIN AGY WTR POLLUTN CTL REV 4.38%
1.29% RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 3.5%
1.22% RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 4%
1.21% RHODE IS INFRASTRUCTURE BK WTR POLLUTION CTL REV 4%
1.13% RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 4%
1.08% RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 4%
1.05% RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 5%
1.04% EAST PROVIDENCE R I 4.55%
1.04% RHODE ISLAND HSG & MTG FIN CORP 4.62%
1.02% RHODE IS ST HEALTH & EDL BLDG CORP REV 3%
1.02% LINCOLN R I 3.5%
1.00% PROVIDENCE R I PUB BLDGS AUTH REV 5%
0.96% RHODE ISLAND ST & PROVIDENCE PLANTATIONS 4.25%
0.96% RHODE ISLAND ST & PROVIDENCE PLANTATIONS 4%
0.96% RHODE ISLAND ST & PROVIDENCE PLANTATIONS 5%
0.94% RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 4%
0.93% RHODE ISLAND ST & PROVIDENCE PLANTATIONS 5%
0.91% RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 4%
0.90% RHODE ISLAND ST HEALTH & EDL BLDG CORP 4.5%

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