Aquila Three Peaks Opportunity Growth Fund was once again recognized as a Category King by The Wall Street Journal for the year-to-date period ending October 31, 2019. The Category Kings report recognizes the top performing funds, based on total return, in 10 Lipper categories for the year-to-date period. Aquila Three Peaks Opportunity Growth Fund Class Y (ATGYX) was listed at #5 in the Lipper Mid Cap Core equity category, out of 375 funds. During this period, the Fund generated a return of 28.1% compared to the Lipper Mid Cap Core category average of 20.3% and the Russell 3000 Index return of 22.7%. The Fund was also listed as a Category King in May, July and August of this year based on year-to-date returns.
In selecting investments for Aquila Three Peaks Opportunity Growth Fund, we begin with the universe of companies we know best – those we follow in managing Aquila Three Peaks High Income Fund. We look for issuers of high-yield corporate debt and companies generating free cash flow and improving the corporate balance sheet by paying down debt. We look for companies in industries with relatively consistent revenue generation (non-cyclical industries), that have demonstrated the ability to grow even in a low-growth economy. We implement this strategy through a fundamental, bottom-up analysis of each company in which we invest.
Performance quoted in the Wall Street Journal report may not be current. For current quarter-end standardized performance and disclosure information, please click here. Performance data represents past performance, but does not guarantee future results. Investment return and principal value will fluctuate; shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the data presented.
Mutual fund investing involves risk; loss of principal is possible.
Investment Considerations for Aquila Three Peaks Opportunity Growth Fund: An investment involves certain risks including market risk, financial risk, interest rate risk, credit risk, and risks associated with investments in highly-leveraged companies, lower-quality debt securities, foreign markets and foreign currencies, and potential loss of value.
Investment Considerations for Aquila Three Peaks High Income Fund: 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.
Lipper, Inc., a mutual fund rating service, compiles performance data used to derive their own ranking data. Lipper rankings are based on total return calculations without an adjustment for sales charges. As of September 30, 2019, Lipper placed Aquila Three Peaks Opportunity Growth Fund Class Y in the 8th percentile for the 1-year period within their Mid-Cap Core Category, which on that date included 375 funds. Lipper ratings for other periods are included with the standardized performance data linked in this post.
Before investing in a 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 your financial advisor and when you call 800-437-1020.