Please note the following update, as outlined below:

  • The Board of Trustees of Hawaiian Tax-Free Trust (the “Fund”) has approved Foreside Fund Services, LLC (“Foreside”) to serve as the Fund’s distributor, effective no later than                  August 31, 2024.
  • In addition, the Fund has engaged Chenery Compliance Group, LLC (“CCG”) and JW Fund Management, LLC (“JW Fund Management”) to provide compliance, fund officer and related administrative services to the Fund, effective no later than August 31, 2024.
  • The services to be provided by Foreside, JW Fund Management and CCG (collectively, the “Successor Service Providers”) will replace services currently provided to the Fund by Aquila Distributors LLC and Aquila Investment Management LLC (the “Aquila Entities”).
  • The Bank of New York Mellon will continue to provide fund accounting, custody, transfer agent and certain other administrative services for the Fund.

No Change to the Fund’s Investment Adviser

Asset Management Group of the Bank of Hawaii — which has served as Investment Adviser (the “Adviser”) for Hawaiian Tax-Free Trust since the Fund’s inception in 1984 — will continue to serve in that role and remains committed to pursuing the Fund’s investment objective: to provide shareholders with as high a level of current income exempt from Hawaii state and regular Federal income taxes as is consistent with preservation of capital.

The Adviser, the Successor Service Providers, The Bank of New York Mellon and the Aquila Entities are working to provide a smooth transition of distribution and administrative services for the Fund.

Additional Information

These updates are addressed in a Supplement (dated July 15, 2024) to the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information dated July 12, 2024. To access the Supplement and these Fund documents, please click here.

 

Mutual fund investing involves risk; loss of principal is possible. Investment risks include, but are not limited to, potential loss of value, market risk, financial risk, interest rate and credit rate risk, and investments in highly-leveraged companies, lower-quality debt securities, foreign markets and foreign currencies. State-specific fund performance could be more volatile than that of funds with greater geographic diversification.

Before investing in the Fund, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund’s prospectus. The prospectus is available from your financial professional, by clicking here, and by calling 800-437-1020.