08/22/2016

Aquila fund recognized in New York Times report

by

Aquila Three Peaks Opportunity Growth Fund was included in a New York Times report listing 5-Year Leaders among US General Stock Funds based on total return performance results through June 30, 2016.

The New York Times report recognizes the top 20 performing US General Stock Funds, based on Morningstar total percentage returns for the quarter, the year and five years, annualized, and the fund’s rank within the universe of Nasdaq-listed stock funds tracked by Morningstar Inc. for periods ending June 30, 2016. Only funds traded on Nasdaq with at least $50 million in assets were included.

Aquila Three Peaks Opportunity Growth Fund pursues a distinctive approach to selecting equity investments based on a long history of conducting research in the high-yield corporate bond market, and investing in high-yield issuers when research indicates they are successfully and prudently managing leverage and the corporate balance sheet. The characteristics we look for in high-yield debt issuers have helped identify opportunities for improvement in the equity performance of those companies. This strategy in the high-yield debt market is the foundation on which the strategy of Aquila Three Peaks Opportunity Growth Fund was built.

Performance quoted in The New York Times report may not be current. For current quarter-end standardized performance please click here.

Before investing in a Fund, 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 adviser and when you call 800-437-1020.

Morningstar, a mutual fund rating service, compiles performance data used to derive their own ranking data. Morningstar rankings are based on total return calculations without an adjustment for sales charges.

12/02/2015

Barron’s Profiles Co-Portfolio Manager Sandy Rufenacht

by

Barron’s profiled the co-portfolio manager of Aquila Three Peaks Opportunity Growth Fund and Aquila Three Peaks High Income Fund, Sandy Rufenacht, in their November 16, 2015 issue in an article by Reshma Kapadia titled Two for the Money.

Sandy Rufenacht Co-Portfolio Manager

Sandy Rufenacht
Co-Portfolio Manager

The distinctive research and investment approach implemented in managing both funds is described as originating with intensive debt analysis while gathering detailed information about a company, often from unconventional sources. Other elements of the research and strategy include developing an understanding of free cash flow and debt covenants.

Spend some time reading the Barron’s article to gain a perspective on the strategies of the two funds, and see the Investment Process Summary for both funds.

For the most recent quarter-end performance, see the Aquila Three Peaks High Income Fund Fact Sheet and the Aquila Three Peaks Opportunity Growth Fund Fact Sheet.

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 advisor, or by calling 800-437-1020.

12/01/2015

Aquila Three Peaks Opportunity Growth Fund – 2015 Capital Gains

by

On December 1, 2015, Aquila Three Peaks Opportunity Growth Fund paid 2015 short-term and long-term capital gain distributions to shareholders of record as of November 30, 2015.

The amounts distributed on December 1, 2015 were:

Short-term capital gain$0.01136
Long-term capital gain $0.75519
Total$0.76655

Shares of the Fund may only be sold by offering the Fund’s Prospectus. 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 on this site, from your financial adviser, and when you call 800-437-1020.

10/14/2015

Pursuing a Distinctive Equity Strategy for 5 Years

by

Five years ago, Aquila Three Peaks Opportunity Growth Fund introduced a distinctive investment strategy.

The portfolio managers have charted a course that is unlike that of other equity fund managers, searching for investment opportunities that equity analysts, without a perspective on the full corporate balance sheet, may overlook. The distinctive aspects of the investment strategy include research conducted initially in the high-yield corporate bond market, certain characteristics of corporate management teams and their use of leverage, sector selection, and the market indicators we monitor. We have found that when corporate managers are committed to paying down debt and improving the corporate balance sheet, the results may lead to improvement in the performance of the stock.

The results produced through the implementation of this strategy earned a Lipper Award in their Mid-Cap Core Category for the 3-year period ending 12/31/2014, and have repeatedly placed the Fund among the Wall Street Journal Category Kings Mid-Cap Core funds. In August, 2015 Bloomberg highlighted the investment strategy in a feature published on their web site and in their October, 2015 Bloomberg Markets magazine.  MarketWatch Funds for Thought feature dated September 29, 2015 featured the investment strategy.

Over the past five years, through challenging market and economic shifts, Aquila Three Peaks Opportunity Growth Fund has pursued the Fund objective of capital appreciation, implementing a strategy that is unlike that of other equity funds. We are pleased to share the results with you, and we invite you to take a closer look at Aquila Three Peaks Opportunity Growth Fund. You may find that it is just what you were looking for.

 

Before investing in the Fund, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund prospectus.

Mutual fund investing involves risk and loss of principal is possible. Risks include, but are not limited to, potential loss of value, market risk, financial risk, interest rate and credit risk, and investments in highly-leveraged companies, lower quality debt securities, foreign markets and foreign currencies. Performance current to the most recent month-end is available on this site.

On October 8, 2010, Fund shareholders approved changes in the name, investment sub-adviser and investment strategy of the Fund. On October 15, 2010, the Fund began operations under the name Aquila Three Peaks Opportunity Growth Fund, with Three Peaks Capital Management, LLC as sub-adviser, and an investment strategy that differs meaningfully from the strategy pursued by the previous Fund. Performance prior to that date reflects the previous investment strategy of the Fund.

10/01/2015

MarketWatch Recognizes Aquila Three Peaks Opportunity Growth Fund

by

In the September 29, 2015 edition of MarketWatch, Conrad De Aenlle’s Funds for Thought article reviews the Aquila Three Peaks Opportunity Growth Fund strategy relative to category peers, and describes Co-Portfolio Manager Sandy Rufenacht’s leverage of his experience and research in the high-yield bond market to find equity investment opportunities. Conrad notes that unlike some funds that performed well in the third quarter, but have been long-term underperformers, Aquila Three Peaks Opportunity Growth Fund performed well during recent market volatility relative to its Morningstar mid-cap growth peers, and has performed well within the category over the most recent five-year period.

Additional information on Aquila Three Peaks Opportunity Growth Fund and its distinctive strategy, including current performance, is available on this site.

Before investing in a Fund, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund prospectus, which is available on this site, from your financial advisor, and when you call 800-437-1020.

08/26/2015

Aquila Three Peaks Opportunity Growth Fund – Bloomberg feature

by

Bloomberg Markets published a feature describing the distinctive aspects of the Aquila Three Peaks Opportunity Growth Fund investment strategy, which co-portfolio manager Sandy Rufenacht summarized as “return on debt paydown”.   Investment ideas for the Fund originate with high-yield bond research and the identification of high-yield issuers that plan to pay down debt, thereby improving the corporate balance sheet.  Mr. Rufenacht and co-manager Zach Miller search for companies with balance sheets that “have enough leverage to propel shareholders’ equity, but not so much leverage that they’re looked down on in the high-yield market”.  This brand of high-yield bond research and a conservative approach to the high-yield market are also deployed in the management of Aquila Three Peaks High Income Fund.

Sandy Rufenacht also discussed the Aquila Three Peaks Opportunity Growth Fund investment strategy during a Bloomberg TV interview on August 25, 2015 in which reference was made to the article.

Earlier this year, Lipper recognized Aquila Three Peaks Opportunity Growth Fund with a 2015 Lipper Fund Award based on the 3-year performance period ending 12/31/2014.  The Wall Street Journal has repeatedly included the Fund in its Category Kings report in their mid-cap core category.

In an interview published on the Aquila Group of Funds website, Mr. Rufenacht described his approach to searching for “companies demonstrating their fiscal responsibility by paying down debt and generating the free cash flow to do so—cash flow that ideally is earmarked for debt paydown through covenants.”  Both Aquila Three Peaks Opportunity Growth Fund and Aquila Three Peaks High Income Fund are managed following a consistent and disciplined investment approach aligned with the guiding principles of Aquila Group of Funds.

Additional information on Aquila Three Peaks Opportunity Growth Fund, including current performance, is available on this site.

Before investing in a Fund, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund prospectus, which is available on this site, from your financial advisor, and when you call 800-437-1020.

06/16/2015

Aquila Three Peaks Opportunity Growth Fund Recognized as a Category King

by

Aquila Three Peaks Opportunity Growth Fund was included in a “Category Kings” report by The Wall Street Journal for the one-year period ending May 29, 2015. The Category Kings report recognizes the top 10 performing funds, based on total return, in 16 Lipper categories for the one-year period. Aquila Three Peaks Opportunity Growth Fund class Y (ATGYX) was listed at #1 in the Lipper Mid Cap Core equity category, out of 384 open-end mutual funds. During this period, the Fund generated a total return of 20.2% compared to the Lipper Mid Cap Core category average of 10.0% and the Russell 3000 Index return of 11.9%. Read more “Aquila Three Peaks Opportunity Growth Fund Recognized as a Category King”

03/31/2015

2015 Lipper Fund Award for Aquila Three Peaks Opportunity Growth Fund

by

We are pleased to announce that Aquila Three Peaks Opportunity Growth Fund has received a 2015 Lipper Fund Award, presented to Aquila Investment Management LLC.

Each year, Lipper recognizes funds and fund management firms for their consistently strong risk-adjusted performance relative to their peers, based on Lipper’s proprietary performance-based methodology.  Aquila Three Peaks Opportunity Growth Fund Class Y received a Lipper Award in the Mid-Cap Core Category for the 3-year performance period ending 12/31/2014.  At that time, the Lipper category included 324 funds.  The Fund sub-adviser is Three Peaks Capital Management, LLC and the co-portfolio managers are Sandy Rufenacht and Zach Miller.

The equity investment strategy of Aquila Three Peaks Opportunity Growth Fund is very distinctive, with equity investment ideas generated in the process of conducting research on high yield debt issuers with financially responsible management teams that have used leverage to grow their business and who are committed to improving the corporate balance sheet.  For certain companies, improvement in the corporate balance sheet may lead to improvement in the performance of the company stock.

We are honored that Aquila Three Peaks Opportunity Growth Fund has been recognized by Lipper for risk-adjusted performance.  You will find more information about the investment strategy and performance of the Fund on this site.

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 on this site, from your financial adviser, and when you call 800-437-1020.

02/23/2015

Zach Miller Comments on HCA in Barron’s

by

Zach Miller, Co-Portfolio Manager of Aquila Three Peaks Opportunity Growth Fund, provided comments for a February 21, 2015 article published by Barron’s regarding HCA Holdings (HCA).  The firm has been a long-term holding in Aquila Three Peaks Opportunity Growth Fund and operates 166 hospitals and 113 surgical centers in 20 states.  The Barron’s article discusses the business model and financial results of HCA Holdings, and evaluates the firm in the context of the Affordable Care Act and a related case currently pending before the U.S. Supreme Court.  Read more “Zach Miller Comments on HCA in Barron’s”

11/14/2014

Capital Gain Distribution Estimates – 2014

by

In the event that 2014 capital gain distributions are declared, the funds are anticipated to have a record date of December 30, 2014, an ex-date of December 31, 2014, a payable date of December 31, 2014, and a reinvestment date of December 31, 2014.

Estimates are subject to change depending on market conditions, board approvals, and other circumstances. This report is the result of estimates and is based on information available as of October 31, 2014. The amount and character of distributions cannot be determined until the anticipated record dates.

Shares of the Funds may only be sold by offering the Funds’ Prospectus. Before investing in a Fund, 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 adviser, and when you call 800-437-1020.