Finny logo
Finny logo
Dibs:
Dibs:
0

7-day free trial: Get unlimited comparisons, and stock, ETF and mutual fund analyses for just $14.95 a month, without ads. Start a free trial. Go ad free!

15 important things you should know about Aquila CHKYX mutual fund

Updated: September 18, 2020
71
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • High expense ratio

Before we start: if you’re looking for CHKYX “stock” price, you can quickly find it out by visiting Finny and typing "CHKYX quote". If you’re looking for a quick scoop on CHKYX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "CHKYX". You’ll get all this info in one place.

Are you looking to buy or sell CHKYX? Or perhaps you’re looking for CHKYX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this CHKYX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: CHKYX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: CHKYX buy or sell; the pros and cons of investing in CHKYX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to CHKYX.

And here is the list of questions we’ll answer:

  1. Describe Aquila Municipal Trust: Aquila Churchill Tax-Free Fund of Kentucky; Class Y Shares (CHKYX).
  2. What are CHKYX holdings?
  3. What is CHKYX performance? What are CHKYX historical returns?
  4. How many up and down years did CHKYX have historically?
  5. What is CHKYX dividend yield?
  6. What is CHKYX minimum initial investment amount?
  7. What is CHKYX expense ratio?
  8. Does CHKYX have any sales loads or 12b-1 distribution expenses?
  9. What is CHKYX tax efficiency (tax-cost ratio)?
  10. What is CHKYX beta? How would you assess CHKYX risk?
  11. What is CHKYX Sharpe ratio?
  12. What is CHKYX Finny Score? CHKYX buy or sell?
  13. What are the pros of investing in CHKYX? What are CHKYX buy reasons?
  14. What are the cons of investing in CHKYX? What are CHKYX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Aquila Municipal Trust: Aquila Churchill Tax-Free Fund of Kentucky; Class Y Shares (CHKYX).

The Fund seeks a high level of current income exempt from Kentucky state and regular Federal income taxes as is consistent with preservation of capital. It will invest 80% of assets in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Kentucky income and regular Federal income taxes.

2. What are CHKYX top holdings?

CHKYX has 0 stock holdings and 131 bond holdings.

The top 8 holdings represent 18.57% of total assets. Here are the top holdings:

Name Symbol % Assets
WARREN CNTY KY HOSP REV 5% N/A 3.03%
KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV 5% N/A 2.62%
JEFFERSON CNTY KY SCH DIST FIN CORP SCH BLDG REV 4% N/A 2.41%
LOUISVILLE & JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV 5% N/A 2.33%
LEXINGTON-FAYETTE URBAN CNTY GOVT KY 4% N/A 2.24%
SHELBY CNTY KY SCH DIST FIN CORP SCH BLDG REV 4% N/A 2.04%
FAYETTE CNTY KY SCH DIST FIN CORP SCH BLDG REV 5% N/A 1.96%
KENTUCKY ST PPTY & BLDGS COMMN REVS 5% N/A 1.94%

3. What is CHKYX performance? What are CHKYX historical returns?

CHKYX has generated the following returns:

  • 1-month return is -0.33%;
  • 3-month return is 1.62%;
  • 1-year return is 2.33%;
  • 3-year return is 3.17%;
  • 5-year return is 2.95%;
  • 10-year return is 3.18%;
  • 15-year return is 3.63%.

4. How many up and down years did CHKYX have historically?

In the last 10 years, CHKYX had 9 up years and 1 down year. See Performances

5. What is CHKYX dividend yield?

CHKYX yield is 2.42%.

6. What is CHKYX minimum initial investment amount?

CHKYX minimum initial investment amount is N/A.

7. What is CHKYX expense ratio?

CHKYX expense ratio is 0.64%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does CHKYX have any sales loads or 12b-1 distribution expenses?

CHKYX 12b-1 distribution fee is 0. CHKYX front-end sales load is 0. CHKYX back-end sales load is 0.

9. What is CHKYX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.18%;
  • 3-year ax cost ratio is 0.08%.

See Taxes

10. What is CHKYX beta? How would you assess CHKYX risk?

  • 3-year beta is 0.72;
  • 5-year beta is 0.74;
  • 10-year beta is 0.80;
  • 15-year beta is 0.98.

See Risks

11. What is CHKYX Sharpe ratio?

  • 3-year Sharpe ratio is 0.48;
  • 5-year Sharpe ratio is 0.58;
  • 10-year Sharpe ratio is 0.87.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 71. Our quantitative analysis shows 5 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 71.

13. What are the pros of investing in CHKYX? What are CHKYX buy reasons?

The following are CHKYX strengths from our perspective:

  • <strong>CHKYX 3-year return</strong> is 3.17%, which is in line with the 3-year return of the benchmark index (Bloomberg Barclays Municipal Bond Quality Intermediate TR USD), 3.3%.
  • <strong>CHKYX 5-year return</strong> is 2.95%, which is in line with the 5-year return of the benchmark index (Bloomberg Barclays Municipal Bond Quality Intermediate TR USD), 3.18%.
  • <strong>CHKYX 10-year return</strong> is 3.18%, which is higher than the 10-year return of the benchmark index (Bloomberg Barclays Municipal Bond Quality Intermediate TR USD), 3.13%.
  • <strong>CHKYX 15-year return</strong> is 3.63%, which is in line with the 15-year return of the benchmark index (Bloomberg Barclays Municipal Bond Quality Intermediate TR USD), 3.83%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in CHKYX? What are CHKYX negatives?

The following are CHKYX weaknesses from our perspective:

  • <strong>CHKYX net assets</strong> are $28.20 million. This fund is not a popular choice with retail investors.
  • <strong>CHKYX expense ratio</strong> is 0.64%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the CHKYX review, we covered CHKYX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
Follow Us