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”
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.
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”
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.
If the equity markets have had a nice run since 2009, it’s been even better for Aquila Three Peaks Opportunity Growth Fund. For the five-year period ending on June 30, the S&P 500 Index returned a cumulative 120% while Aquila Three Peaks Opportunity Growth Fund had a cumulative total return of 148% based on the public offering price. The annualized total return over the period placed the Fund in the top 21% of its Lipper Mid-Cap Core category. We recently spoke with the fund’s co-portfolio manager Sandy Rufenacht about fiscally responsible companies, how long the equity bull market might last, and his unique approach to stock investing that incorporates his expertise in the high yield bond market.
Would you give us an overview of the fund?
It’s an equity fund that seeks growth by investing in what we believe to be the most fiscally responsible publicly-traded companies that are making positive balance sheet actions.
We’re looking for the same kinds of companies we seek in our companion strategy, the Aquila Three Peaks High Income Fund: 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. Read more “For Equity Growth, Rufenacht Seeks the Fiscally Responsible”
You know you want to participate in the equity market, but how?
A growing number of investors recognize that it may be time to increase their allocation to equity. What may be less clear is determining how to go about positioning assets in the equity market.
Consider this: for several years, the Federal Reserve has been providing liquidity to the U.S. economy – liquidity that, to some degree, has contributed to the performance of the equity market. If boats rose on the Fed’s tide of liquidity, what happens when that tide recedes? Read more “Aquila Three Peaks Opportunity Growth Fund: Fundamental Analysis Matters”
Individual stock selection and active management are strategies that returned to prominence recently, according to a March 9, 2014 Wall Street Journal article. “After years of moving in lock step on the back of global economic shocks, individual stocks increasingly have been dancing to their own tune” as evidenced by the steep decline seen in correlations1 between individual stocks in the S&P 500 since the financial crisis.
S&P Dow Jones Indices looks at active management from a different perspective in their S&P Indices Versus Active Funds or SPIVA Scorecard, which evaluates the performance of active versus passive management across multiple categories. Read more “Individual Stock Selection”
You will see a number of enhancements and changes as you explore the new site. Navigation has been simplified so that you can easily find the information you need, along with news and updates on our investment strategies. We’ve also freshened the appearance of the Aquila Group of Funds brand, implementing the new look across the web site and all documents available on the site. Be sure to see A Careful Approach for Today’s Markets which describes our overall investment philosophy, and the Aquila Group of Funds Guiding Principles. Read more “Welcome to the new Aquila Group of Funds web site”
From the vantage point of the high yield corporate bond market, we believe we have an uncommon perspective on equity investment ideas.
Our perspective on the high yield market
In managing Aquila Three Peaks High Income Fund, a mutual fund that invests in high yield corporate bonds, we monitor and conduct research in the high yield corporate bond market on a daily basis. Over time, we have observed that the high yield corporate bond market appears to serve as a leading-indicator, reflecting broad-based transitions in investor sentiment that are later reflected in the equity market. Read more “Arriving at Equity by Way of High Yield”