03/24/2020

New Podcast: Recent Muni Market Volatility

by

We sat down with Portfolio Manager, Tony Tanner, CFA®, on March 17th to get his insight on the ongoing volatility in the municipal bond market and how the current conditions compare to prior periods of instability. Tony began his buy-side career managing two flag-ship single-state municipal bond funds in the early 1990s, and he has managed through a variety of volatile municipal bond markets, including the bond bear markets of 1994, 1999, 2008 & 2016. The podcast is linked below, and the full transcript is available here.

Manager Commentary

03/24/2020
Aquila Funds Podcast

Length 20:25

Share | Download | Transcript
Aquila Funds

Tony Tanner

Portfolio Manager
Aquila Tax-Free Trust of Arizona

Please carefully read the Fund prospectus here. Before investing in one of the Aquila Group of Funds, 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 professional, or by calling 800-437-1020.

Please see the most recent quarter-end performance for the Aquila Tax-Free Trust or Arizona here. Most recent month-to-date performance is on this site. 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. Class A shares have a maximum sales charge of 4.00%; Class A MOP (maximum offering price) returns reflect deduction of the maximum 4.00% sales charge; Class A NAV returns do not reflect deduction of the sales charge and would be lower if that charge were reflected. A full description of share classes may be found in the prospectus

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. Fund performance could be more volatile than that of funds with greater geographic diversification.