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Statement of Additional Information - Supplement 3/12/24
Statement of Additional Information - Supplement 11/30/23
Statement of Additional Information - Supplement 9/15/23
Statement of Additional Information
Table of Contents
Fund History
Investment Objectives, Investment Strategies and Risks
Fund Policies
Management of the Trust
Ownership of Securities
Investment Advisory and Other Services
Brokerage Allocation and Other Practices
Capital Stock
Purchase, Redemption, and Pricing of Shares
Additional Tax Information
Underwriters
Proxy Voting Policies
Appendix A: Description of Ratings
Appendix B: Additional Information About the Arizona Economy and Arizona Obligations
Appendix C: Additional Information About the Colorado Economy and Colorado Obligations
Appendix D: Additional Information About the Kentucky Economy and Kentucky Obligations
Appendix E: Additional Information About the Oregon Economy and Oregon Obligations
Appendix F: Additional Information About the Rhode Island Economy and Rhode Island Obligations
Appendix G: Additional Information About the Utah Economy and Utah Double-Exempt Obligations
Annual Report
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Aquila Tax-Fee Trust of Arizona
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Statement of Additional Information - Supplement 3/12/24
Statement of Additional Information - Supplement 11/30/23
Statement of Additional Information - Supplement 9/15/23
Statement of Additional Information
Table of Contents
Fund History
Investment Objectives, Investment Strategies and Risks
Fund Policies
Management of the Trust
Ownership of Securities
Investment Advisory and Other Services
Brokerage Allocation and Other Practices
Capital Stock
Purchase, Redemption, and Pricing of Shares
Additional Tax Information
Underwriters
Proxy Voting Policies
Appendix A: Description of Ratings
Appendix B: Additional Information About the Arizona Economy and Arizona Obligations
Appendix C: Additional Information About the Colorado Economy and Colorado Obligations
Appendix D: Additional Information About the Kentucky Economy and Kentucky Obligations
Appendix E: Additional Information About the Oregon Economy and Oregon Obligations
Appendix F: Additional Information About the Rhode Island Economy and Rhode Island Obligations
Appendix G: Additional Information About the Utah Economy and Utah Double-Exempt Obligations
Annual Report
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