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15 important things you should know about Aquila NITCX mutual fund

Updated: September 19, 2020
N/A
Bull Case
  • No Bull case arguments for now!
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe Aquila Municipal Trust: Aquila Narragansett Tax-Free Income Fund; Class C Shares (NITCX).

The Fund seeks a high level of current income exempt from Rhode Island state and regular Federal income taxes as is consistent with preservation of capital. 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.

2. What are NITCX top holdings?

NITCX has 0 stock holdings and 164 bond holdings.

The top 9 holdings represent 14.22% of total assets. Here are the top holdings:

Name Symbol % Assets
CONVENTION CTR AUTH R I REV 4% N/A 3.57%
NARRAGANSETT R I BAY COMMN WASTEWATER SYS REV 4% N/A 1.45%
RHODE IS ST HEALTH & EDL BLDG CORP REV 4% N/A 1.42%
PROVIDENCE R I PUB BLDGS AUTH REV 4% N/A 1.40%
RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 3.75% N/A 1.36%
RHODE ISLAND CLEAN WTR FIN AGY WTR POLLUTN CTL REV 4.38% N/A 1.30%
RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 3.5% N/A 1.29%
RHODE ISLAND HEALTH & EDL BLDG CORP HIGHER ED FAC REV 4% N/A 1.22%
RHODE IS INFRASTRUCTURE BK WTR POLLUTION CTL REV 4% N/A 1.21%

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

NITCX has generated the following returns:

  • 1-month return is -0.34%;
  • 3-month return is 0.49%;
  • 1-year return is 1.98%;
  • 3-year return is 2.37%;
  • 5-year return is 2.41%;
  • 10-year return is 2.30%;
  • 15-year return is 2.54%.

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

In the last 10 years, NITCX had 7 up years and 3 down years. See Performances

5. What is NITCX dividend yield?

NITCX yield is 1.45%.

6. What is NITCX minimum initial investment amount?

NITCX minimum initial investment amount is N/A.

7. What is NITCX expense ratio?

NITCX expense ratio is 1.7%. 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 NITCX have any sales loads or 12b-1 distribution expenses?

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

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

  • 1-year ax cost ratio is 0.1%;
  • 3-year ax cost ratio is 0.03%.

See Taxes

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

  • 3-year beta is 0.70;
  • 5-year beta is 0.78;
  • 10-year beta is 0.83.

See Risks

11. What is NITCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.30;
  • 5-year Sharpe ratio is 0.41;
  • 10-year Sharpe ratio is 0.57.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 0. Our quantitative analysis shows 0 reasons to buy and 7 reasons to sell it, resulting in the Finny Score of 0.

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

We don't see any strong reasons to buy NITCX.

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

The following are NITCX weaknesses from our perspective:

  • <strong>NITCX net assets</strong> are $5.50 million. This fund is not a popular choice with retail investors.
  • <strong>NITCX 3-year return</strong> is 2.37%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays Municipal Bond Quality Intermediate TR USD), 3.3%.
  • <strong>NITCX 5-year return</strong> is 2.41%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays Municipal Bond Quality Intermediate TR USD), 3.18%.
  • <strong>NITCX 10-year return</strong> is 2.3%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays Municipal Bond Quality Intermediate TR USD), 3.13%.
  • <strong>NITCX 15-year return</strong> is 2.54%, which is lower than the 15-year return of the benchmark index (Bloomberg Barclays Municipal Bond Quality Intermediate TR USD), 3.83%.
  • <strong>NITCX expense ratio</strong> is 1.7%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
In the NITCX review, we covered NITCX 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.
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