Aquila High Income Fund – An Actively Managed High-Yield Strategy

Income-conscious investors often search for ways to earn higher yields on their investments. High-yield corporate bonds may help provide attractive income and total return potential, offering suitable investors a number distinct advantages, including:

  • High current income and potential for capital appreciation
  • Equity-like returns with lower relative volatility
  • Low correlation with investment-grade bonds and stocks for added diversification

The Aquila Advantage

Aquila Group of Funds’ high-yield corporate bond strategy combines a “top-down” and “bottom-up” approach to fixed income investing. Employing relative value analysis and fundamental credit research, we seek to identify companies with specific characteristics, including strong balance sheets, improving cash flow, and earnings. We further look for positive changes, hidden or underappreciated value, high management quality, and a strong business model.

Aquila High Income Fund searches the entire high-yield corporate bond universe—with no restriction on particular sectors—for opportunities that offer above-average relative value and meet stringent credit analysis requirements. Portfolio duration is actively managed to help mitigate risk and drive risk-adjusted returns.

Timely and Relevant Information


Strategy Overview

Learn how the Fund combines
a top-down and bottom-up approach
to high-yield investing


Portfolio Manager Insights

Gain valuable insights
into the Fund’s disciplined
investment and research process


Additional Resources

Access a broad range of tools
and resources, including literature,
regulatory documents, and more

Discover how high-yield corporate bonds can provide high current income
and capital appreciation potential. Speak with your financial professional to learn more.


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. High-yield bonds are subject to greater credit risk, default risk, and liquidity risk.

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 from your financial professional, by clicking here, and by calling 800-437-1020.