as of 04/30/12
On October 8, 2010, Fund shareholders approved changes in the name, investment sub-advisor and investment strategy of the Fund. On October 15, 2010, the Fund began operations under the name Aquila Three Peaks Opportunity Growth Fund, with Three Peaks Capital Management, LLC as sub-adviser, and an investment strategy that differs meaningfully from the strategy pursued by the previous Fund. Performance prior to that date reflects the previous investment strategy of the Fund.
Performance data represents past performance, but does not guarantee future results. Investment return & principal value will fluctuate; shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the data presented. Class A shares have a maximum sales charge of 4.00% (for Aquila Rocky Mountain Equity Fund, the maximum sales charge is 4.25%); Class C shares have no initial sales charge but a 1% contingent deferred sales charge applies to Class C shares redeemed within 12 months of their purchase date. The load or non-recurring fees would have reduced the performance figures shown without those expenses. Class Y and Class I shares have no initial sales charge and no contingent deferred sales charge.
Before investing, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Prospectus.
TAX-FREE TRUST OF ARIZONA
Inception Date: 3/14/86 (A Shares); 4/1/96 (C and Y Shares) * Not annualized |
Share Class |
YTD* |
1 month* |
3 month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
(1.32%) |
(2.91%) |
(3.77%) |
5.79% |
5.15% |
4.09% |
4.20% |
5.80% |
| Class A (NAV) |
2.81% |
1.13% |
0.26% |
10.21% |
6.59% |
4.95% |
4.63% |
5.96% |
| Class C (CDSC) |
1.52% |
0.06% |
(0.95%) |
8.25% |
5.68% |
4.06% |
3.74% |
4.07% |
| Class C (w/o CDSC) |
2.52% |
1.06% |
0.05% |
9.28% |
5.68% |
4.06% |
3.74% |
4.07% |
Class Y
(no Load or CDSC) |
2.86% |
1.14% |
0.29% |
10.37% |
6.74% |
5.09% |
4.77% |
5.24% |
Total Annual Operating Expenses: 0.73% (A Shares); 1.57% (C Shares); 0.58% (Y shares)
|
TAX-FREE FUND OF COLORADO
Inception Date: 5/ 21/87 (A Shares); 4/30/96 (C and Y Shares) * Not annualized |
Share Class |
YTD* |
1 month* |
3 month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
(1.42%) |
(2.61%) |
(3.79%) |
4.81% |
4.42% |
4.13% |
3.91% |
5.42% |
| Class A (NAV) |
2.66% |
1.41% |
0.20% |
9.22% |
5.84% |
4.99% |
4.34% |
5.59% |
| Class C (CDSC) |
1.24% |
0.23% |
(1.13%) |
7.07% |
4.81% |
3.98% |
3.35% |
3.67% |
| Class C (w/o CDSC) |
2.25% |
1.24% |
(0.13%) |
8.09% |
4.81% |
3.98% |
3.35% |
3.67% |
Class Y
(no Load or CDSC) |
2.58% |
1.31% |
0.12% |
9.16% |
5.89% |
5.04% |
4.39% |
4.84% |
Total Annual Operating Expenses: 0.73% (A Shares); 1.68% (C Shares); 1.02% (I Shares); 0.68% (Y Shares)
**The Manager has contractually undertaken to waive its fees so that management fees are equivalent to 0.48 of 1% of net assets of the Fund up to $400,000,000; 0.46 of 1% of net assets above $400,000,000 up to $1,000,000,000; and 0.44 of 1% of net assets above $1,000,000,000. This contractual undertaking is in effect until April 30, 2013. Prior to April 30, 2013, the Manager may not terminate the arrangement without the approval of the Board of Trustees. |
HAWAIIAN TAX-FREE TRUST
Inception Date: 2/ 20/85 (A Shares); 4/1/96 (C and Y Shares) * Not annualized |
Share Class |
YTD* |
1 month* |
3 month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
(2.49%) |
(3.08%) |
(4.07%) |
2.87% |
3.14% |
3.37% |
3.63% |
5.93% |
| Class A (NAV) |
1.61% |
1.00% |
(0.09%) |
7.16% |
4.55% |
4.21% |
4.05% |
6.09% |
| Class C (CDSC) |
0.34% |
(0.06%) |
(1.28%) |
5.29% |
3.72% |
3.38% |
3.22% |
3.70% |
| Class C (w/o CDSC) |
1.35% |
0.94% |
(0.29%) |
6.31% |
3.72% |
3.38% |
3.22% |
3.70% |
Class Y
(no Load or CDSC) |
1.68% |
1.02% |
0.05% |
7.37% |
4.76% |
4.42% |
4.26% |
4.88% |
| Total Annual Operating Expenses : 0.74% (A Shares); 1.54% (C Shares); 0.54% (Y Shares) |
CHURCHILL TAX-FREE FUND OF KENTUCKY
Inception Date: 5/2187 (A Shares); 4/ 1/96 (C and Y Shares); 8/6/01 (I Shares) * Not annualized |
Share Class |
YTD* |
1 month* |
3 month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
(2.09%) |
(3.00%) |
(3.91%) |
4.38% |
4.84% |
4.05% |
4.19% |
5.65% |
| Class A (NAV) |
1.97% |
1.02% |
0.11% |
8.69% |
6.26% |
4.90% |
4.61% |
5.82% |
| Class C (CDSC) |
0.77% |
0.04% |
(1.01%) |
6.84% |
5.36% |
4.01% |
3.73% |
3.96% |
| Class C (w/o CDSC) |
1.78% |
1.04% |
(0.01%) |
7.87% |
5.36% |
4.01% |
3.73% |
3.96% |
Class I
(no Load or CDSC) |
2.01% |
1.10% |
0.16% |
8.63% |
6.11% |
4.75% |
4.46% |
4.44% |
Class Y
(no Load or CDSC) |
2.11% |
1.12% |
0.14% |
8.95% |
6.42% |
5.06% |
4.77% |
4.99% |
Total Annual Operating Expenses: 0.77% (A Shares); 1.62% (C Shares); 0.97% (I Shares);
0.62% (Y Shares)
|
TAX-FREE TRUST OF OREGON
Inception Date: 6/16/86 (A Shares); 4/5/96 (C and Y Shares); * Not annualized |
Share Class |
YTD* |
1 month* |
3 month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
(1.67%) |
(2.72%) |
(3.99%) |
5.50% |
4.65% |
4.09% |
4.23% |
5.65% |
| Class A (NAV) |
2.44% |
1.34% |
0.02% |
9.92% |
6.07% |
4.95% |
4.65% |
5.82% |
| Class C (CDSC) |
1.15% |
0.26% |
(1.19%) |
7.97% |
5.18% |
4.06% |
3.77% |
4.12% |
| Class C (w/o CDSC) |
2.15% |
1.27% |
(0.19%) |
9.00% |
5.18% |
4.06% |
3.77% |
4.12% |
Class Y
(no Load or CDSC) |
2.49% |
1.26% |
0.06% |
9.99% |
6.23% |
5.11% |
4.81% |
5.17% |
Total Annual Operating Expenses**: 0.76% (A Shares); 1.61% (C Shares); 0.61% (Y Shares)
|
NARRAGANSETT INSURED TAX-FREE INCOME FUND
Inception Date: 9/ 10/92 (A Shares); 9/2196 (C and Y Shares); 11/4/98 (I Shares) * Not annualized |
Share Class |
YTD* |
1 month* |
3 month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
(2.48%) |
(3.04%) |
(4.04%) |
2.31% |
3.04% |
3.42% |
3.81% |
4.88% |
| Class A (NAV) |
1.61% |
1.04% |
(0.07%) |
6.61% |
4.46% |
4.27% |
4.23% |
5.10% |
| Class C (CDSC) |
0.31% |
(0.13%) |
(1.37%) |
4.69% |
3.54% |
3.37% |
3.34% |
3.87% |
| Class C (w/o CDSC) |
1.32% |
0.87% |
(0.37%) |
5.71% |
3.54% |
3.37% |
3.34% |
3.87% |
Class I
(no Load or CDSC) |
1.55% |
0.93% |
(0.11%) |
6.45% |
4.27% |
4.11% |
4.13% |
4.18% |
Class Y
(no Load or CDSC) |
1.65% |
1.05% |
(0.04%) |
6.77% |
4.61% |
4.43% |
4.39% |
4.98% |
Total Annual Operating Expenses**: 0.83% (A Shares); 1.68% (C Shares); 1.04% (I Shares);
0.68% (Y Shares)
**The Manager has contractually undertaken to waive fees and/or reimburse Fund expenses so that total Fund expenses will not exceed 0.83% for Class A Shares, 1.68% for Class C Shares, 1.04% for Class I shares or 0.68% for Class Y Shares. These expense limitations are in effect until October 31, 2012. Prior to October 31, 2012, the Manager may not terminate the arrangement without the approval of the Board of Trustees. |
TAX-FREE FUND FOR UTAH
Inception Date: 7/2492 (A Shares); 5/ 21/96 (C and Y Shares) * Not annualized |
Share Class |
YTD* |
1 month* |
3 month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
(1.49%) |
(2.93%) |
(3.45%) |
5.82% |
6.37% |
3.88% |
4.55% |
5.13% |
| Class A (NAV) |
2.61% |
1.08% |
0.60% |
10.20% |
7.84% |
4.72% |
4.98% |
5.35% |
| Class C (CDSC) |
1.33% |
0.12% |
(0.60%) |
8.41% |
7.02% |
3.91% |
4.14% |
4.22% |
| Class C (w/o CDSC) |
2.34% |
1.12% |
0.40% |
9.44% |
7.02% |
3.91% |
4.14% |
4.22% |
Class Y
(no Load or CDSC) |
2.77% |
1.20% |
0.75% |
10.51% |
8.08% |
4.96% |
5.19% |
5.36% |
Total Annual Operating Expenses**: 0.83% (A Shares); 1.63% (C Shares); 0.63% (Y shares)
**The Manager has contractually undertaken to waive fees and/or reimburse Fund expenses so that total Fund expenses will not exceed 0.83% for Class A Shares, 1.63% for Class C Shares or 0.63% for Class Y Shares. These expense limitations are in effect until October 31, 2012. Prior to October 31, 2012, the Manager may not terminate the arrangement without the approval of the Board of Trustees. |
AQUILA THREE PEAKS HIGH INCOME FUND
Inception Date: 6/1/06 (A and Y Shares); 6/8/06 (C Shares); 6/29/06 (I Shares) * Not annualized |
Share Class |
YTD* |
1 month* |
3 month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
(1.51%) |
(3.50%) |
(2.77%) |
0.87% |
8.18% |
3.91% |
NA |
4.58% |
| Class A (NAV) |
2.57% |
0.58% |
1.34% |
5.07% |
9.65% |
4.77% |
NA |
5.31% |
| Class C (CDSC) |
1.29% |
(0.49%) |
0.13% |
3.19% |
8.78% |
3.93% |
NA |
4.48% |
| Class C (w/o CDSC) |
2.30% |
0.51% |
1.14% |
4.23% |
8.78% |
3.93% |
NA |
4.48% |
Class I
(no Load or CDSC) |
2.68% |
0.69% |
1.45% |
5.08% |
9.72% |
4.83% |
NA |
5.51% |
Class Y
(no Load or CDSC) |
2.64% |
0.59% |
1.39% |
5.27% |
9.86% |
4.97% |
NA |
5.53% |
Total Annual Operating Expenses** : 1.10% (A Shares); 1.90% (C Shares); 1.18% (I Shares);
0.90% (Y Shares)
|
AQUILA THREE PEAKS OPPORTUNITY GROWTH FUND
Inception Date: 7/25/94 (A Shares); 5/1/96 (C and Y Shares); 12/1/05 (I Shares) * Not annualized |
Share Class |
YTD* |
1 month* |
3 Month* |
1 year |
3 year |
5 year |
10 year |
Since Inception |
| Class A (POP) |
8.23% |
(3.82%) |
2.41% |
(5.91%) |
16.06% |
(2.37%) |
3.79% |
6.28% |
| Class A (NAV) |
13.04% |
0.47% |
6.97% |
(1.72%) |
17.76% |
(1.52%) |
4.24% |
6.57% |
| Class C (CDSC) |
11.77% |
(0.60%) |
5.81% |
(3.46%) |
16.88% |
(2.26%) |
3.46% |
4.90% |
Class C
(w/o CDSC) |
12.77% |
0.40% |
6.81% |
(2.49%) |
16.88% |
(2.26%) |
3.46% |
4.90% |
Class I
(no Load or CDSC) |
13.18% |
0.49% |
7.10% |
(1.37%) |
18.23% |
(1.13%) |
NA |
0.92% |
Class Y
(no Load or CDSC) |
13.19% |
0.52% |
7.11% |
(1.41%) |
18.10% |
(1.23%) |
4.52% |
5.90% |
Total Annual Operating Expenses** : 1.55% (A Shares); 2.25% (C Shares); 1.18% (I Shares);
1.25% (Y Shares)
**The Manager and Sub-Adviser have contractually undertaken to waive fees and/or reimburse Fund expenses so that total Fund expenses will not exceed 1.55% for Class A Shares, 2.25% for Class C Shares, 1.18% for Class I Shares or 1.25% for Class Y Shares. These expense limitations are in effect until April 30, 2013. Prior to April 30, 2013, the arrangement may not be terminated without the approval of the Board of Trustees. |
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