Reasons to Choose Aquila
Each of the municipal bond funds seeks to provide investors with double tax-exempt income, and to preserve capital. In our efforts to preserve capital, we strive to reduce credit risk and interest rate risk by constructing portfolios of high-quality bonds, with an intermediate average maturity. The consistent application of this strategy has enabled financial advisors and fund shareholders to focus on fund specific attributes that they believe align with their own investment objectives and tolerance for risk.
The high-yield corporate bond strategy seeks to reduce credit risk through extensive initial and on-going research of issuers in less-cyclical industries, with management teams that have successfully grown the business, generated free cash flow, and prudently managed the corporate balance sheet. The appeal of the high-yield corporate bond asset class is that historically, returns have been competitive with equity, while exhibiting lower volatility. Our strategy seeks to preserve that benefit by avoiding securities with equity-like volatility characteristics. This strategy has been applied consistently since the fund inception, and previously in managing other high-yield corporate bond portfolios.