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Trending ETFs

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.68

$137 M

1.60%

$0.15

1.69%

Vitals

YTD Return

-1.4%

1 yr return

1.7%

3 Yr Avg Return

-2.1%

5 Yr Avg Return

-0.8%

Net Assets

$137 M

Holdings in Top 10

24.3%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.69%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 14.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.68

$137 M

1.60%

$0.15

1.69%

COTCX - Profile

Distributions

  • YTD Total Return -1.4%
  • 3 Yr Annualized Total Return -2.1%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.58%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Aquila Tax-Free Fund of Colorado
  • Fund Family Name
    Aquila Group of Funds
  • Inception Date
    Jul 25, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Johns

Fund Description

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 Colorado state and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. In general, almost all of these obligations are issued by the State of Colorado, its counties and various other local authorities; these obligations may also include certain other governmental issuers. We call these “Colorado Obligations.” These securities may include participation or other interests in municipal securities and variable rate demand notes. A significant portion of the Colorado Obligations in which the Fund invests consist of revenue bonds, which are backed only by revenues from certain facilities or other sources and not by the issuer itself. 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 classified as a “non-diversified” investment company under the Investment Company Act of 1940 (the “1940 Act”), which means it may invest a greater percentage of its assets in a smaller number of issuers than a diversified fund.

At the time of purchase, the Fund’s Colorado Obligations must be of investment grade quality. This means that they must either

· be rated within the four highest credit ratings assigned by nationally recognized statistical rating organizations or,
· if unrated, be determined to be of comparable quality by the Fund’s Manager, Aquila Investment Management LLC.

The Manager selects obligations for the Fund’s portfolio in order to achieve the Fund’s objective by considering various characteristics including quality, maturity and coupon rate.

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COTCX - Performance

Return Ranking - Trailing

Period COTCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -3.4% 15.0% 93.88%
1 Yr 1.7% -1.5% 31.6% 97.26%
3 Yr -2.1%* -10.8% 2.8% 86.71%
5 Yr -0.8%* -6.3% 1102.2% 94.77%
10 Yr N/A* -0.6% 248.3% 96.57%

* Annualized

Return Ranking - Calendar

Period COTCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -1.4% 41.0% 86.09%
2022 -7.9% -39.7% 0.3% 19.44%
2021 -1.9% -5.6% 6.9% 97.40%
2020 2.0% -2.6% 310.0% 37.10%
2019 2.6% 0.0% 26.0% 84.36%

Total Return Ranking - Trailing

Period COTCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -3.4% 15.0% 93.88%
1 Yr 1.7% -1.5% 31.6% 97.26%
3 Yr -2.1%* -10.8% 2.8% 86.71%
5 Yr -0.8%* -6.3% 1102.2% 94.77%
10 Yr N/A* -0.6% 248.3% 95.70%

* Annualized

Total Return Ranking - Calendar

Period COTCX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -1.3% 41.0% 97.84%
2022 -7.1% -39.7% 1.1% 27.45%
2021 -1.3% -4.8% 23761504.0% 98.60%
2020 2.8% -1.5% 17057.9% 78.42%
2019 3.3% 0.2% 3514.6% 91.62%

NAV & Total Return History


COTCX - Holdings

Concentration Analysis

COTCX Category Low Category High COTCX % Rank
Net Assets 137 M 3.22 M 71.9 B 79.99%
Number of Holdings 84 2 13067 90.55%
Net Assets in Top 10 34.4 M -317 M 3.56 B 74.01%
Weighting of Top 10 24.27% 2.0% 100.2% 24.25%

Top 10 Holdings

  1. Dreyfus Treasury Obligations Cash Management Fund 5.04%
  2. Colorado Educational Cultural Facilities Authority 2.97%
  3. Larimer Weld Boulder County School District R-2J Thompson 2.65%
  4. Boulder Valley School District No Re-2 Boulder 2.11%
  5. Jefferson County School District R-1 2.05%
  6. Midcities Metropolitan District No 2 1.91%
  7. University of Colorado 1.91%
  8. State of Colorado 1.89%
  9. State of Colorado 1.89%
  10. City of Fort Collins CO Electric Utility Enterprise Revenue 1.85%

Asset Allocation

Weighting Return Low Return High COTCX % Rank
Bonds
94.62% 0.00% 150.86% 89.71%
Cash
5.38% -50.86% 46.80% 8.34%
Stocks
0.00% 0.00% 99.81% 51.76%
Preferred Stocks
0.00% 0.00% 0.10% 43.58%
Other
0.00% -3.18% 23.38% 47.82%
Convertible Bonds
0.00% 0.00% 0.93% 43.56%

Bond Sector Breakdown

Weighting Return Low Return High COTCX % Rank
Municipal
99.01% 44.39% 100.00% 39.70%
Cash & Equivalents
5.04% 0.00% 46.24% 7.17%
Derivative
0.00% -3.18% 23.38% 45.86%
Securitized
0.00% 0.00% 5.93% 45.13%
Corporate
0.00% 0.00% 9.41% 54.48%
Government
0.00% 0.00% 52.02% 48.27%

Bond Geographic Breakdown

Weighting Return Low Return High COTCX % Rank
US
94.62% 0.00% 142.23% 86.71%
Non US
0.00% 0.00% 23.89% 50.36%

COTCX - Expenses

Operational Fees

COTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.69% 0.01% 20.65% 5.54%
Management Fee 0.50% 0.00% 1.20% 83.33%
12b-1 Fee 1.00% 0.00% 1.00% 88.90%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

COTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load 1.00% 0.25% 5.00% 44.00%

Trading Fees

COTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

COTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 283.00% 38.70%

COTCX - Distributions

Dividend Yield Analysis

COTCX Category Low Category High COTCX % Rank
Dividend Yield 1.60% 0.00% 14.51% 93.88%

Dividend Distribution Analysis

COTCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

COTCX Category Low Category High COTCX % Rank
Net Income Ratio 0.58% -0.53% 5.33% 95.32%

Capital Gain Distribution Analysis

COTCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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COTCX - Fund Manager Analysis

Managers

Christopher Johns


Start Date

Tenure

Tenure Rank

May 21, 1987

35.05

35.1%

Mr. Christopher has served as the portfolio manager of Aquila Tax- Free Trust of Oregon since 2011. Mr. Johns is a Senior Vice President of the Davidson Fixed Income Management, Inc. and has been an officer of it and its predecessor companies since 1992. From 1984 through 1992, he was a portfolio manager at the former United Bank of Denver, which acted as investment adviser to the Fund from its inception through 1992. He was formerly a portfolio manager of Toledo Trust Company. He holds the degree of BBA in Finance from the University of Cincinnati

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58