Our Approach to Investment Management
Discipline, Experience, Knowledge
Disciplined, time-tested strategies are applied in managing the portfolios of each fund according to the stated fund objectives, while also managing the inherent risks of investing. The disciplined strategies involve digging into the details in order to capture information from a wide range of sources, and to assess both potential volatility and investment opportunities.
Experience acquired over many years is drawn upon by the investment professionals managing fund assets as they analyze securities, observe the effects of market and economic cycles, and identify risks and opportunities among a variety of investment alternatives. These professionals bring the experience gained over their long careers to the task of serving fund shareholders every day.
Knowing what you own, and why you own it, is the basis of a successful investment strategy. Our municipal bond fund investment managers and analysts are locally-based in the states where they invest, which provides a distinct advantage that is a hallmark of the Aquila Group of Funds tax-exempt investment process. The high-yield corporate bond and equity managers and analysts conduct detailed initial and on-going research in order to clearly understand the full corporate capital structure of a company, as they seek to identify opportunities in both the bond and stock markets.
Before investing in one of the Aquila Group of Funds, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund prospectus. The prospectus is available from your financial advisor, by clicking here or by calling 800-437-1020.
Risk Factors: Municipal Bond Funds: An investment involves certain risks including potential loss of value, market risk, interest rate risk, credit risk, and geographic concentration. Insurance on an obligation is intended to mitigate credit risk; it does not insure the market price of the obligation. For certain investors, some dividends may be subject to Federal and state taxes, including Alternative Minimum Tax (AMT). Corporate Bond Fund: This Fund may invest up to 100% of its assets in high-yield bonds that are rated below investment grade. Lower rated bonds generally offer higher yields, but also involve a greater degree of credit risk and default risk than higher rated bonds. The return of principal for the bond holdings in this fund is not guaranteed. Equity Fund: An investment in the Fund involves certain risks, including possible loss of value, market and financial risk, volatility and trading volume of small companies, interest & credit risks of convertible fixed-income investments, economic and diversification risks of geographic concentration.