Frequently Asked Questions |
What size investment can be made in the Fund? |
| Who manages the Fund's portfolio? |
| Who maintains the Fund's portfolio securities? |
| How often does the Fund pay capital gains and dividends? |
| How can I keep track of my investment in the Fund? |
| How liquid is my investment in the Fund? |
| How can I invest in the Fund? |
| How can I get answers to any other questions I might have? |
| What size investment can be made
in the Fund ? The Fund is specifically designed for all size investments. The minimum initial investment in the Fund is $1,000. You may also open an account by establishing an Automatic Investment Program which permits purchases of $50 or more each month. You may make any size investment you wish above the initial minimum amount. |
| Who manages the Fund's portfolio? AQUILA INVESTMENT MANAGEMENT LLC is the Fund's Investment Adviser and Administrator. Aquila Investment Management LLC is a wholly-owned subsidiary of Aquila Management Corporation, formed in 1984 and Founder of the Fund and the 11 other funds in the Aquila Group. The Aquila Group of Funds has combined assets of approximately $5 billion. Aquila has an Arizona-based portfolio manager who is dedicated to investment research in the region. By having a specific Aquila portfolio manager based in the Rocky Mountain region, near many of the companies in the Fund, we are able to work to uncover superior opportunities early, before they are generally recognized in the marketplace. |
| Who
maintains the Fund's portfolio securities? All securities owned by the Fund are kept in a separately segregated custody account at Bank One Trust Company, N.A. (founded in 1868), which maintains custody of over $330 billion of clients' assets. |
| How often does the Fund pay dividends? Net capital gains distributions will be paid annually together with whatever net income amount, if any, is available for dividends. Since the Fund is designed for capital appreciation, its investments will be primarily in growth-oriented companies which reinvest their earnings in the development of their businesses. Therefore, the Fund does not anticipate receiving any significant amount of current income that might, in turn, be paid as dividends to shareholders. |
How can I keep track of my investment
in the Fund ? For your further convenience, if your shares are kept with the Fund, you may click here or call the Fund's Shareholder Servicing Agent, toll-free at 1-800-437-1000, on any business day to get an update of your account. |
| How liquid is my investment in the Fund? Essentially, you have ready liquidity, although you should consider the Fund as a long-term investment. You may redeem all or part of your investment on any business day at the next-determined Net Asset Value of the Fund's shares after acceptance of your redemption request. You should be aware that investment returns and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. The prospectus outlines a number of different ways you may redeem your shares. There are no redemption fees or withdrawal penalties on regular Class A Shares held for more than 90 days. A 1% contingent deferred sales charge (CDSC) applies to Class C Shares redeemed within the first 12 months of purchase. |
| How can I invest in the Fund ? You may do so easily through your local financial professional at the public offering price as described in the Prospectus or by completing the Fund's application. The Prospectus, provided free by your financial professional, contains complete details about the Fund. You should read it carefully before you invest. There is a sales charge, maximum of 4.25%, included in the offering price of Class A Shares. Class C Shares do not have a sales charge, but do have a contingent deferred sales charge (CDSC) of 1% if a redemption occurs within the first 12 months of purchase. |
| How can I get answers to any other questions
I might have? Your local financial professional should be able to help you with any questions you have. Or, you may call the Fund, toll-free at 1-800-437-1020 or contact us by e-mail. |
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