Aquila Group of Funds’ portfolio managers Tony Tanner and Royden Durham were featured guests on a recent podcast by The Bond Buyer. The discussion focused on Arizona and Kentucky, two of the states in Aquila Group of Funds’ lineup of single-state municipal bond funds.

Learn about the continued economic growth occurring in both Arizona and Kentucky, and its impact on the local economies. Get insights into what’s currently driving municipal bonds, along with key factors market participants may wish to consider.




Tony Tanner, CFA®, is Lead Portfolio Manager of Aquila Tax-Free Trust of Arizona and Co-Portfolio Manager of Aquila Churchill Tax-Free Fund of Kentucky, Aquila Tax-Free Trust of Oregon, and Aquila Tax-Free Fund For Utah



Royden Durham is Lead Portfolio Manager for Aquila Churchill Tax-Free Fund of Kentucky and Co-Portfolio Manager of Aquila Tax-Free Trust of Arizona, Aquila Tax-Free Fund of Colorado, and Aquila Tax-Free Fund For Utah.


This market update is provided for informational purposes only. The information is general in nature and is not intended to provide investment, accounting, tax or legal advice, nor is it intended to represent a recommendation or solicitation related to any particular investment, security or industry sector. The opinions shared are those of the portfolio manager and do not necessarily reflect those of the Investment Adviser of the Funds. Market and economic conditions are subject to change. Past performance does not guarantee future results.

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. State-specific fund performance could be more volatile than that of funds with greater geographic diversification.

Before investing in any mutual fund offered by Aquila Group of Funds, carefully consider the investment objectives, risks, charges, expenses, and other information found in the Fund’s prospectus. The prospectus is available from your financial advisor, by clicking here, and by calling Aquila Group of Funds at 800-437-1020.