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COTCX Aquila Tax-Free Fund of Colorado C

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Fund COTCX Aquila Tax-Free Fund of Colorado C WTCOX Westcore CO Tax-Exempt Retail NITEX Idaho Tax-Exempt  
Similarity
?
100% 91% 85%
Annual Fees
?
$165.28
(1.62% Exp. Ratio)
$66.32
(0.65% Exp. Ratio)
$68.36
(0.67% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.03% annual return
$11,186.55 $15,015.09 $14,924.67
Est. savings over 30 yrs +$3,828.54 +$3,738.12
Return
As of 11/30/16
1 YR RETURN -1.33%
3 YR 2.19%
5 YR 1.92%
10 YR 2.56%
1 YR RETURN -0.08%
3 YR 3.06%
5 YR 2.80%
10 YR 3.41%
1 YR RETURN -0.95%
3 YR 2.32%
5 YR 2.08%
10 YR 3.10%
Description
The investment seeks to provide the investors as high a level of current income exempt from Colorado state and regular Federal income taxes as is consistent with preservation of capital. Under normal circumstances, at least 80% of the fund's net assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Colorado state and regular Federal income taxes, the income paid upon which will not be subject to the Federal alternative minimum tax on individuals. These obligations can be of any maturity, but the fund's average portfolio maturity has traditionally been between 6 and 12 years. The fund is non-diversified.
The investment seeks income exempt from both federal and Colorado state personal income taxes by emphasizing investment-grade Colorado municipal bonds with intermediate maturities. The fund will invest at least eighty percent (80%) of the value of its net assets, plus any borrowings for investment purposes, in securities, the income from which is exempt from both federal and Colorado state income tax. It focuses primarily on investment-grade quality municipal bonds that are rated in one of the three highest investment-grade categories at the time of purchase by one or more nationally recognized rating agency. It is non-diversified.
The investment seeks to provide income free from federal income, federal alternative minimum, and Idaho state income taxes; capital preservation is a secondary objective. The fund normally invests at least 80% of assets in debt securities generating income exempt from both federal and Idaho income tax. At least 40% of bonds that the fund buys must be rated "A" or higher or, if unrated, of equivalent quality, on a similar basis. The fund's dollar-weighted average effective maturity is expected to range between 6 and 15 years.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

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