Aquila Narragansett Tax-Free Income Fund (NITFX)
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.
Fund Info
| ISIN | US03842A8633 |
|---|---|
| CUSIP | 03842A863 |
| Issuer | Aquila |
| Inception Date | Sep 9, 1992 |
| Category | Municipal Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
NITFX has a high expense ratio of 0.81%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Aquila Narragansett Tax-Free Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Aquila Narragansett Tax-Free Income Fund had a return of -0.80% year-to-date (YTD) and 1.13% in the last 12 months. Over the past 10 years, Aquila Narragansett Tax-Free Income Fund had an annualized return of 1.69%, while the S&P 500 had an annualized return of 10.64%, indicating that Aquila Narragansett Tax-Free Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.80% | 7.50% |
| 1 month | -0.01% | -1.61% |
| 6 months | 4.93% | 17.65% |
| 1 year | 1.13% | 26.26% |
| 5 years (annualized) | 0.42% | 11.73% |
| 10 years (annualized) | 1.69% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.14% | 0.07% | -0.30% | -0.72% | ||||||||
| 2023 | -1.20% | 5.67% | 2.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NITFX is 12, indicating that it is in the bottom 12% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Aquila Narragansett Tax-Free Income Fund(NITFX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Aquila Narragansett Tax-Free Income Fund (NITFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Aquila Narragansett Tax-Free Income Fund granted a 2.10% dividend yield in the last twelve months. The annual payout for that period amounted to $0.21 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.21 | $0.18 | $0.20 | $0.23 | $0.13 | $0.27 | $0.26 | $0.28 | $0.31 | $0.34 | $0.35 |
Dividend yield | 2.10% | 2.02% | 1.82% | 1.86% | 2.09% | 1.19% | 2.52% | 2.41% | 2.68% | 2.83% | 3.11% | 3.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Aquila Narragansett Tax-Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.01 |
| 2016 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Aquila Narragansett Tax-Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Aquila Narragansett Tax-Free Income Fund was 12.11%, occurring on Nov 21, 1994. Recovery took 98 trading sessions.
The current Aquila Narragansett Tax-Free Income Fund drawdown is 4.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.11% | Feb 1, 1994 | 210 | Nov 21, 1994 | 98 | Apr 6, 1995 | 308 |
| -11.86% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -8.84% | Mar 10, 2020 | 9 | Mar 20, 2020 | 91 | Jul 30, 2020 | 100 |
| -8.05% | Sep 12, 2008 | 24 | Oct 15, 2008 | 58 | Jan 8, 2009 | 82 |
| -7.3% | May 3, 2013 | 87 | Sep 5, 2013 | 154 | Apr 16, 2014 | 241 |
Volatility
Volatility Chart
The current Aquila Narragansett Tax-Free Income Fund volatility is 0.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.