The Aquila Group of Funds - Manager Commentaries

TAX-FREE MUNICIPAL BOND FUNDS

EQUITY FUND

CORPORATE BOND FUND

Tax-Free Trust of Arizona Tax-Free Fund of Colorado Hawaiian Tax-Free Trust Churchill Tax-Free Fund of Kentucky Tax-Free Trust of Oregon Narragansett Insured Tax-Free Income Fund (RI) Tax-Free Fund For Utah

Aquila Three Peaks Opportunity Growth Fund

Aquila Three Peaks High Income Fund

Prospectus/Reports/More Forms Articles/Announcements

Manager Commentaries

MUNICIPAL UPDATES
Hawaii Manager Commentary - January, 2012

Oregon Manager Commentary - January, 2012

Rhode Island Manager Commentary - January, 2012

Utah Manager Commentary - January, 2012

Arizona Manager Commentary - January, 2012

Kentucky Manager Commentary - January, 2012

Looking Through the Credit - A Review of Oregon’s Pension System

The Oregon School Bond Guarantee Program

The Health of Municipal Finances - May, 2011

Colorado Manager Commentary - March, 2011

HIGH YIELD UPDATES

Aquila Three Peaks High Income Fund Manager Commentary

EQUITY UPDATES

Aquila Three Peaks Opportunity Growth Fund Manager Commentary

You must have Adobe Acrobat Reader in order to view the downloads.
Download the Reader, free of charge, by visiting http://www.adobe.com/products/acrobat/readstep.html.)