The investment seeks to provide the investors as high a level of current income exempt from Utah state and regular Federal income taxes as is consistent with preservation of capital.
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 Utah state individual and regular Federal income taxes, the income paid upon which will not be subject to the Federal AMT on individuals. These obligations can be of any maturity, but the fund's average portfolio maturity has traditionally been between 10 and 20 years. The fund is non-diversified.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Aquila
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 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=Aquila Investment Management LLC
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 http://www.globalfunddata.com/funds/new/performance/custodian?variant=J. P. Morgan Chase Bank, N.A.
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