In this one-on-one interview with Asset TV, Timothy Iltz—portfolio manager at Aquila Group of Funds—shares insights into what’s currently driving the municipal bond market.

Gain thoughtful perspective on the key factors impacting municipal bonds today relative to previous market cycles, a discussion of current valuations and yields, as well as other important points investors may wish to consider for the remainder of 2023 and beyond.


Learn more about Aquila Group of Funds’ single-state municipal bond funds—and how municipal bonds may provide an attractive level of tax-exempt income.

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.

Income from municipal bonds is generally exempt from regular federal income tax, as well as from income tax of the state in which the bonds are issued.

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.