Tony Tanner of Aquila Group of Funds was interviewed on Asset TV to provide a current state of the municipal bond market. In this engaging conversation, Tony discusses what’s currently driving municipal bonds and provides valuable context with a historical perspective of previous market cycles.

While the municipal bond market has experienced challenges for much of 2022, Aquila Group of Funds remains optimistic about the asset class both at a macro and local level. We believe municipal bonds continue to offer attractive opportunities for income-oriented investors, including:

    • Reliable source of tax-exempt income
    • Strong market and credit fundamentals
    • Compelling relative yields and price valuations
    • Potential opportunities to maximize risk-adjusted returns
    • The benefit of active, locally-based portfolio management


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

This presentation is provided for informational purposes only. The information is general in nature and is not intended to provide investment, accounting, tax or legal advice. It is not 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.

Mutual fund investing involves risk; loss of principal is possible. Investment 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 here, from your financial advisor, and by calling Aquila Group of Funds at 800-437-1020.