Aquila Three Peaks High Income Fund Celebrates 10 Years


Tenth anniversary symbol in gold isolated on white backgroundTen years ago, with the launch of Aquila Three Peaks High Income Fund, we introduced what we believe is a time-tested, distinctive high-yield investment strategy to the market.

The strategy focuses on finding high-yield corporate issuers with experienced management teams that are generating free cash flow and committed to improving the corporate balance sheet. We avoid highly-cyclical industries and invest most, if not all, of the Fund’s assets in high-yield, income producing, corporate debt securities, making Aquila Three Peaks High Income Fund a true high-yield portfolio.
The implementation of the strategy over the last 10 years has resulted in positive total returns for the Fund in each year other than 2008 (an extremely tough year for most asset classes in the wake of the financial crisis). The Fund has never experienced the default of a bond held in the portfolio.

The strategy’s success is rooted in intense, hands-on research by a team that is sticking to their recipe. The portfolio managers and analysts do their homework – they kick the proverbial tires with visits to the companies in which the Fund invests. They meet with management teams, employees, customers and even competitors. They also take a conservative approach by avoiding what they believe are overly-risky sectors and securities – this approach has served the Fund well in periods of volatility, but also means the fund may lag during particularly strong markets.

The Fund was recently recognized for its one-year performance in both the WSJ’s Category Kings and InvestmentNews’ Best-and-Worst Performing Fixed-Income Funds. Current quarter-end performance can be found on the Fund Fact Sheet.

Visit the Fund-specific page for more information about Aquila Three Peaks High Income Fund, or call us at 800-437-1020.

Before investing in the Fund, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund prospectus. The prospectus is available on this site, from a financial professional and when you call 800-437-1020.

Investment Considerations: Mutual fund investing involves risk; loss of principal is possible. Investments in bonds may decline in value due to rising interest rates, a real or perceived decline in credit quality of the issuer, borrower, counterparty, or collateral, adverse tax or legislative changes, court decisions, market or economic conditions. The Fund’s portfolio will typically include a high proportion, perhaps even 100%, of high-yield / high-risk securities rated below investment grade. High-yield corporate bonds generally have greater credit risk than other types of fixed-income securities and may be especially sensitive to economic and political changes or adverse developments specific to the company that issued the bond. The return of principal for the bond holdings in this fund is not guaranteed.