HULCX: Hawaiian Tax-Free Trust C

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HULCX Hawaiian Tax-Free Trust C


Profile

HULCX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 0.3%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $636 M
  • Holdings in Top 10 17.7%

52 WEEK LOW AND HIGH

$11.56
$10.64
$11.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.65%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Hawaiian Tax Free Trust
  • Fund Family Name
    Aquila
  • Inception Date
    Apr 01, 1996
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Janet Katakura

Fund Description

Under normal circumstances, at least 80% of the fund's assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Hawaii State and regular Federal income taxes. The fund is non-diversified.


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Categories

Performance

HULCX - Performance

Return Ranking - Trailing

Period HULCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -36.3% 945.9% 42.05%
1 Yr 1.8% -35.4% 962.3% 45.69%
3 Yr 0.3%* -10.6% 120.2% 58.64%
5 Yr 0.4%* -5.1% 60.5% 47.50%
10 Yr 0.1%* -5.0% 3.6% 61.43%

* Annualized

Return Ranking - Calendar

Period HULCX Return Category Return Low Category Return High Rank in Category (%)
2019 2.6% -1.7% 18.3% 76.40%
2018 -1.4% -12.4% 0.8% 23.21%
2017 0.6% -6.0% 20.3% 66.94%
2016 -2.4% -7.8% 8.6% 70.80%
2015 -0.3% -18.3% 3.0% 23.87%

Total Return Ranking - Trailing

Period HULCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -36.3% 945.9% 42.05%
1 Yr 1.8% -35.4% 962.6% 45.69%
3 Yr 0.3%* -7.4% 120.2% 62.87%
5 Yr 0.4%* -5.1% 60.5% 55.46%
10 Yr 0.1%* -5.0% 6.9% 71.65%

* Annualized

Total Return Ranking - Calendar

Period HULCX Return Category Return Low Category Return High Rank in Category (%)
2019 2.6% -1.7% 18.3% 76.54%
2018 -1.4% -11.7% 3.1% 31.21%
2017 0.6% -6.0% 27.0% 72.05%
2016 -2.4% -7.8% 10.7% 73.53%
2015 -0.3% -14.2% 4.2% 32.26%

NAV & Total Return History


Holdings

HULCX - Holdings

Concentration Analysis

HULCX Category Low Category High HULCX % Rank
Net Assets 636 M 634 K 264 B 49.03%
Number of Holdings 242 1 17920 57.58%
Net Assets in Top 10 113 M -587 M 20.8 B 49.38%
Weighting of Top 10 17.69% 2.3% 100.0% 59.57%

Top 10 Holdings

  1. HAWAII ST DEPT BUDGET & FIN SPL PURP REV 5% 2.77%
  2. HAWAII ST HBR SYS REV 5.75% 2.29%
  3. HAWAII ST ARPTS SYS REV 5% 2.13%
  4. HAWAII ST 5% 1.98%
  5. HAWAII ST DEPT BUDGET & FIN SPL PURP REV 3.1% 1.80%
  6. HAWAII ST HSG FIN & DEV CORP MULTIFAMILY REV 1.9% 1.61%
  7. HAWAII ST 5% 1.47%
  8. HAWAII ST DEPT BUDGET & FIN SPL PURP REV 3.5% 1.32%
  9. HAWAII ST 5% 1.16%
  10. HONOLULU HAWAII CITY & CNTY WASTEWTR SYS REV 5% 1.15%

Asset Allocation

Weighting Return Low Return High HULCX % Rank
Bonds
99.78% 71.08% 157.69% 17.91%
Cash
0.22% -57.68% 27.48% 77.92%
Stocks
0.00% -0.38% 18.10% 34.69%
Preferred Stocks
0.00% 0.00% 9.11% 41.36%
Other
0.00% -27.60% 53.37% 36.70%
Convertible Bonds
0.00% 0.00% 6.53% 63.05%

Bond Sector Breakdown

Weighting Return Low Return High HULCX % Rank
Municipal
99.76% 0.00% 100.11% 11.37%
Cash & Equivalents
0.24% -26.49% 24.02% 85.80%
Derivative
0.00% -0.83% 31.72% 38.61%
Securitized
0.00% 0.00% 98.72% 67.40%
Corporate
0.00% 0.00% 99.41% 73.01%
Government
0.00% -2.21% 100.00% 69.66%

Bond Geographic Breakdown

Weighting Return Low Return High HULCX % Rank
US
99.78% 58.40% 150.78% 10.07%
Non US
0.00% -38.91% 29.50% 87.14%

Expenses

HULCX - Expenses

Operational Fees

HULCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.65% 0.01% 34.57% 10.76%
Management Fee 0.23% 0.00% 1.25% 10.72%
12b-1 Fee 1.00% 0.00% 1.00% 85.89%
Administrative Fee 0.22% 0.00% 0.50% 93.82%

Sales Fees

HULCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 34.17%

Trading Fees

HULCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

HULCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 489.00% 8.72%

Distributions

HULCX - Distributions

Dividend Yield Analysis

HULCX Category Low Category High HULCX % Rank
Dividend Yield 0.00% 0.00% 6.06% 44.90%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

HULCX Category Low Category High HULCX % Rank
Net Income Ratio 1.22% -0.71% 6.53% 96.45%

Capital Gain Distribution Analysis

HULCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

HULCX - Fund Manager Analysis

Managers

Janet Katakura


Start Date

Tenure

Tenure Rank

Dec 16, 2010

9.38

9.4%

Janet Katakura is a Vice President and Senior Portfolio Manager with Bank of Hawaii. She has been employed by BOH since 1983. Prior to joining the firm, Ms. Katakura was with Hawaiian Life Insurance and First National Bank of Boston. Ms. Katakura is a graduate of Garland Junior College in Boston, Massachusetts, and a member of the Investment Society of Hawaii.

Stephanie Nomura


Start Date

Tenure

Tenure Rank

Sep 19, 2016

3.61

3.6%

Ms. Nomura is a Vice President and Senior Portfolio Manager with BOH. She has over 16 years of experience in the investment industry, with over 15 years of experience in municipal bond portfolio management. Prior to joining the firm, Ms. Nomura served as Vice President and Investment Manager with Central Pacific Bank from 2015 to 2016; she served as Vice President and Fixed Income Portfolio Manager with First Hawaiian Bank from 2007 to 2015; and she served as Vice President and Fixed Income Portfolio Manager with Oakwood Capital Management in Los Angeles from 2003 to 2007. Ms. Nomura earned her Bachelor of Arts in Economics from University of California, Irvine and her Master of Business Administration from the University of Hawaii at Manoa, Shidler School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.44 0.33