Although the Aquila Group of Funds may be best known for its municipal bond funds, which were developed beginning in the mid-1980s, predecessor companies with similar management (STCM Management Company Inc. and InCap Management Corporation) began working in the financial markets in the early 1970s.
1974 Founded one of the very first money-market funds in the country.
1980s Founded another half dozen money-market funds.
1984 Aquila Management Corporation is founded.
1985 Hawaiian Tax-Free Trust, the 32nd such fund in the nation and the 1st Hawaiian municipal bond fund, is launched.
1986 Tax-Free Trust of Arizona and Tax-Free Trust of Oregon join the family.
1987 Tax-Free Fund of Colorado and Churchill Tax-Free Fund of Kentucky follow quickly thereafter.
1992 Tax-Free Fund For Utah and Aquila Narragansett Tax-Free Income Fund make it seven single-state bond funds.
1994 Aquila enters the equity world and launches Aquila Rocky Mountain Equity Fund.
2003 Aquila Group of Funds receives prestigious Lipper Best Bond Group of the Year in the U.S. Award (in recognition of achieving consistent risk-adjusted returns and the highest three-year annualized total return).
2006 Aquila launches its first corporate bond fund, Aquila Three Peaks High Income Fund.
2010Name and strategy change for the Aquila Rocky Mountain Equity Fund to Aquila Three Peaks Opportunity Growth Fund (a capital appreciation fund).
2021Name and management change for the Aquila Three Peaks Opportunity Growth Fund and Aquila Three Peaks High Income Fund to Aquila Opportunity Growth Fund and Aquila High Income Fund.
2022Aquila Tax-Free Fund of Colorado and Aquila Churchill Tax-Free Fund of Kentucky record the 35th anniversary since inception of their Class A shares.
Aquila Tax-Free Fund For Utah and Aquila Narragansett Tax-Free Income Fund celebrate 30 years since inception of their Class A shares.