Distribution policies for mutual funds are outlined in the prospectus, located in the Mutual Funds Literature section. You can unsubscribe at any time. The economy and markets are "under surveillance". Globally, stocks and bonds experienced heightened volatility and generally negative returns through the challenging period. Billionaire Adani Gets Final Nod to Revamp Famous Mumbai Slum, Crypto Trading Volumes Spiked as the Market Celebrated a Court Setback for the SEC, Australian Lender NAB Blocks Some Payments to High-Risk Crypto Exchanges, BlockFi Management IgnoredWarnings About FTX and Alameda, Creditors Allege. Aquila Tax-Free Fund For Utah is a municipal bond mutual fund designed especially for Utah residents. Mapleton City Utah Municipal Energy Sales And Tax Telecommunications Fee Revenue, Midvale Utah Water And Sewer Revenue Series B, Morgan County Utah School District Bond Guaranty Program, Morgan County Utah Solid Waste Various Holnam Incorporate Project, Mountain Regional Water Special Service District Refunding, Murray City Utah Hospital Revenue Ihc Health Services Incorporate, Murray City Utah Municipal Building Authority Series A, The Key Benefit of Municipal Bonds: Tax-Free Interest, Two Types of Bonds: General Obligation vs. Revenue Bonds, The Basics on Callable Bonds and Yield-to-Call, Yield Curve - Should you buy short-term, medium-term or long-term bonds, Bond Ladders: A Basic Bond Investing Strategy, How Bonds are Sold - Your Transaction Costs, Get ratings from S&P for all rated municipal bonds. You are entitled to substantial reductions in sales charges based on aggregate holdings of all shares of any class of any of the funds in the Aquila Group of Funds that you or other members of your immediate family already own at the time of your purchase. Which type of investor describes you best? Learn more Fund Tax Information For more detailed information about necessary and optional cookies, and to select your preferences regarding optional cookies, click Manage cookies.. The Weitz Nebraska Tax-Free Income Fund returned +1.84% in Q1 2023 vs. +1.93% return for the Bloomberg 5-Year Municipal Bond Index. at least 80% of the Funds net assets in municipal securities whose interest is exempt from federal income tax, but not at least 80% of the Funds net assets in municipal securities whose interest is exempt from federal income tax, but not necessarily federal alternative minimum tax (AMT); up to 10% of the Funds total assets in inverse floaters. The Fund offers both Front-Payment Class Shares (Class A Shares) or Level-Payment Class Shares (Class C Shares). He has earned the right to use the Chartered Financial Analyst (CFA) designation. Our top-down, analysis involves an evaluation of macroeconomic factors that may include, among others, the pace of economic, growth, employment conditions, inflation, and monetary and fiscal policy. Information about the risks of investing in a fund is available in each fund's prospectus. Multiply this amount by your funds percentage value. The Labor Market Disagrees, San Francisco Isnt Destinedto Be the Next Detroit, Soho HousesArrival Signals Mexico CitysMoment, Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull. Allspring Municipal Bond The economy and markets are "under surveillance". Webhousehold debt ratio since 1973. Close Popover. UniCredit to Deepen Cuts as Inflation Costs Run Over $1 Billion, UK Watchdog to Crack Down on Finfluencers With Tighter Social Media Rules, Tycoon Ong in Graft Case Is Back in Singapore, ST Reports, Nigeria Monthly Inflation Hits Seven-Year High on Food Prices, Italian Pizza-Making Cost Remains High on Pricey Olive Oil, Frances Casino Set for Foreign Owner as Czech Investor Kretinsky Wins Support, Searchlight Nabs Gresham House in Buyout Boost: The London Rush, Microsoft Agrees to Keep Call of Duty on Sony PlayStation, Expedia Launches Rewards Program Across Brands, Including Vrbo, Chinas Top Chipmaker Loses Chairman in Latest Executive Exit, Elon Musk Is Rooting for Safe Superintelligence at Startup xAI, Top China Fund With 75% Return Bets on AI Stocks for Recovery, OpenAIs ChatGPT Bot Probed by FTC Over Consumer Harms, Thai Pro-Democracy Leader Pita to Take Another Shot at PM Job, Russia Pulls the Plug on Ukraine Grain Export Agreement, Harlan Crows Real Estate Empire Is Thriving Despite Supreme Court Controversy, Planet Boglehead: Vanguard Struggles to Win Over the World, The 13 Best Sunscreens for Every Need, From Mineral to Kid-Friendly, How to Make the Most of Flying Economy, FromLondons Premier Fixer, Passed Over for a Black Man? The transaction data provided through the Real-Time Transaction Subscription Service represents municipal securities transaction data made available by brokers, dealers, and municipal securities dealers to the MSRB and related information. Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. Robert Miller is a senior portfolio manager for the Municipal Fixed Income team at Allspring Global Investments, where he manages mutual funds and separate accounts. It should be regarded as an estimate of the funds rate of investment income, and it may not equal the funds actual income distribution rate. He held a similar position with Wells Fargo Banks health care division. Many investors especially those in the highest tax brackets are increasingly looking to municipal bonds as a potential source of attractive after-tax income. Issuers would have saved more money by waiting until call date, Massachusetts says debt managers dont have crystal ball. WebForm 1099-DIV, Box 11, is 100% exempt from California state income tax. annualized real gross domestic product (GDP) rose by 2.7%during the fourth quarter of 2022. In January 2022, the main focus was on potential U.S. interest rate hikes and the Russia-Ukraine conflict. This information is general in nature, is not complete, and may not apply to your specific situation. In 2022, the Bloomberg Municipal Bond Index tanked 8.53%. Class A MOP (maximum offering price) returns reflect deduction of the maximum 3.00% sales charge; Class A NAV returns do not reflect deduction of the sales charge and would be lower if that charge were reflected. Those 14 borrowers alone, including the state of California and the New York State Thruway Authority, left about $580 million on the table because they opted to refinance early instead of waiting until the call date when they could refund them using tax-exempt bonds, which have lower yields. He joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). 19.39. We invest principally in municipal securities of states, territories and possessions of the United Stateswhose interest is, exempt from federal income tax, but not necessarily federal AMT. Objective. Web2022 State Pass Through - Real Estate Securities Income Fund. Prior to joining WFAM, Robert worked for American Century Investments, where he was part of a team managing the firms municipal bond portfolios. UniCredit to Deepen Cuts as Inflation Costs Run Over $1 Billion, UK Watchdog to Crack Down on Finfluencers With Tighter Social Media Rules, Tycoon Ong in Graft Case Is Back in Singapore, ST Reports, Nigeria Monthly Inflation Hits Seven-Year High on Food Prices, Italian Pizza-Making Cost Remains High on Pricey Olive Oil, Frances Casino Set for Foreign Owner as Czech Investor Kretinsky Wins Support, Searchlight Nabs Gresham House in Buyout Boost: The London Rush, Microsoft Agrees to Keep Call of Duty on Sony PlayStation, Expedia Launches Rewards Program Across Brands, Including Vrbo, Chinas Top Chipmaker Loses Chairman in Latest Executive Exit, Elon Musk Is Rooting for Safe Superintelligence at Startup xAI, Top China Fund With 75% Return Bets on AI Stocks for Recovery, OpenAIs ChatGPT Bot Probed by FTC Over Consumer Harms, Thai Pro-Democracy Leader Pita to Take Another Shot at PM Job, Russia Pulls the Plug on Ukraine Grain Export Agreement, Harlan Crows Real Estate Empire Is Thriving Despite Supreme Court Controversy, Planet Boglehead: Vanguard Struggles to Win Over the World, The 13 Best Sunscreens for Every Need, From Mineral to Kid-Friendly, How to Make the Most of Flying Economy, FromLondons Premier Fixer, Passed Over for a Black Man? 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. 8.20. Bonds WMFDX - Allspring Municipal Bond Fund - Fidelity Investments Eric D. Okerlund is the Municipal Bond Credit Analyst for Aquila Tax-Free Fund For Utah. Iran Brings Back Morality Police Patrol to Enforce Hijab Law, Former BNY Mellon Executive Says He Was Fired for Aiding Friends Complaint, Congressmen to EPA: Dont Trust Texas to Oversee Carbon Storage, Detroit of Asia Targets Battery Makers to Stay Ahead in EV Race. Illinois Nears Settlement With Banks in Muni Price-Fixing Case Amid the Crypto Crackdown? Before this, he served as head of the WFAM Tax-Exempt Research team, leading the group responsible for providing credit research to the Municipal Fixed Income team. up to 20% of the Funds total assets in securities whose interest is subject to federal AMT; . Ticker. WebFund Description. Muni but do not reflect the effect of any applicable state and local taxes. Consideration should be given to the risks of investing. Illinois reached a tentative deal to settle a nearly decade-long lawsuit that alleged about a dozen of the biggest US banks engaged 2022 Tax Information Our bottom-up analysis, which involves, intensive research into the credit fundamentals of individual issuers and the relative value of individual issues, is used. You should be aware that investment returns and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. WMFAX We may invest up to 10% of the Funds total assets in inverse floaters to seek enhanced returns. Tax center The Labor Market Disagrees, San Francisco Isnt Destinedto Be the Next Detroit, Soho HousesArrival Signals Mexico CitysMoment, Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull. July 12, 2023 at 4:37 PM EDT. Nothing? WebDelaware Funds by Macquarie Account Tax information mutual funds Fund tax data Tax-free funds: Income-by-state percentages For the calendar year 2021 income dividends received from investments in all classes of the Delaware Funds by Macquarie national and state-specific tax-free funds were generally exempt from federal income tax. He also founded a small venture capital firm and served as a consultant with Black and Veatch and KPMG Peat Marwick, where he specialized in conducting financial feasibility studies in support of large infrastructure projects. Some of the securities may be below investment, grade or may be unrated and deemed by us to be of comparable quality. Grady Gammage, Jr. Founding partner, Gammage & Burnham, PLC, a law firm, Phoenix, Arizona, since 1983; director, Central Arizona Water Conservation District, 1992-2004; Senior Fellow, Morrison Institute for Public Policy and Kyl Institute for Water Policy; Adjunct Professor, Sandra Day OConnor College of Law; W. P. Carey School of Business; active with Urban Land Institute; Author, The Future of the Suburban City Island Press, 2016; Trustee of various funds in the Aquila Group of Funds since 2001. Congratulations on personalizing your experience. The funds Distribution Rate is the percentage at which a mutual fund has distributed income to its shareholders. WE HEREBY DISCLAIM ALL REPRESENTATIONS AND WARRANTIES (EXPRESS OR IMPLIED), BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE REGARDING THE SERVICE. Under normal circumstances, the Fund may invest up to 50% of its net assets at the time of purchase in obligations of non-Utah-based issuers. Bloomberg Surveillance, covering the latest news in finance, economics and investments. IRA or Other Retirement Account. Diana P. Herrmann, President Chair (since 2016 and previously Vice Chair since 2004) and Chief Executive Officer (since 2004) of Aquila Management Corporation, Founder and Sponsor of the Aquila Group of Funds and parent of Aquila Investment Management LLC, Manager, President since 1997, Chief Operating Officer, 1997-2008, a Director since 1984, Secretary, 1986-2016, and previously its Executive Vice President, Senior Vice President or Vice President, 1986-1997; Chief Executive Officer (since 2004) and Chair (since 2016 and previously Vice Chair since 2004), President and Manager since 2003, and Chief Operating Officer (2003-2008), of the Manager; Chair, Vice Chair, President, Executive Vice President and/or Senior Vice President of funds in the Aquila Group of Funds since 1986; Manager of the Distributor since 1997; Governor, Investment Company Institute (the U.S. mutual fund industry trade organization dedicated to protecting shareholder interests and educating the public about investing) for various periods since 2004, and Chair of its Small Funds Committee, 2004-2009; active in charitable and volunteer organizations. Pricing for ETFs is the latest price and not "real time". Nothing? WebState Building Ownership Authority Lease Revenue Bonds, Series 2022 ($42,675,000) State of Utah, State Building Ownership Authority Lease Revenue Bonds, Series 2022 (PDF) Official statements for previously-issued State of Utah general obligation, lease revenue, and recapitalization revenue bonds can be accessed at emma.msrb.org. Short-Term Municipal Bond Fund No CDSC applies to Class C Shares acquired through the reinvestment of dividends or distributions. Utah Double-Exempt Obligations are obligations of the State of Utah and also include obligations issued by other states, the interest on which is exempt, pursuant to an administrative determination of the Utah State Tax Commission issued under statutory authority, from Utah individual (but not corporate) income taxes. annualized real gross domestic product (GDP) rose by 2.7%during the fourth quarter of 2022. The city will automatically begin collecting property taxes, not to mention any other taxes such as sales and municipal energy, on this $64 million in new growth. The Tax-Exempt Bond Fund of America did not pay any federally tax-exempt income dividends derived from municipal bond interest subject to AMT. Congratulations on personalizing your experience. The Definitive Resource for Utah Municipal Bonds All rights reserved. Tax WebTax-Exempt: Class II [544] FIMM: Tax-Exempt: Class III [684] FIMM: Tax-Exempt: Select Class [938] Tax-Exempt Fund: Capital Reserves [79] Tax Exempt Fund: Daily Money Classes [84] Tax-Exempt Fund: Premium Class [2737] Fidelity Limited Term Muni Income Fund [404] Fidelity Advisor Limited Term Muni Income Fund [Multi] Fidelity Tax-Free WebCosts & Fees Risk SEE FULL INTERACTIVE CHART About WMFAX The investment seeks income exempt from federal income tax. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. All managed funds data located on FT.com is subject to the. The fund normally invests at least 80% of the Mutual fund shareholders and managed account holders are required by law to pay taxes on distributions, regardless of whether distributions are paid out in cash or reinvested in additional shares. Organizational actions form 8937. The proposal comes as Bank of America, Barclays Capital Inc., BMO Financial Corp., William Blair & Co. LLC, Citigroup Inc., Fifth Third Bancorp, JPMorgan Chase & Co. and Morgan Stanley were expected to go to trial in Illinois next month to face allegations they inflated the interest rates on certain types of municipal bonds to discourage investors from returning them for cash and colluded in setting the rates. The MSRB, its officers, directors, employees, agents, consultants, and licensors make, and have made, no recommendations regarding any of the securities or other investment vehicles, referred to or described in the Service. July 14, 2023 at 10:27 AM EDT. Municipal Tax-Exempt: 96.24%: Cash & Equivalents: 2.99%: Municipal Taxable: 0.44%: Corporate Bond: 0.34% Payson, in 2021, can levy its property tax against $63,578,212 in valuation of new growth. WebMunicipal Bond Fund s Computing Your State Tax . Municipal bonds were acquired prior to January 1, 2003. We may use futures for duration and yield curve, management. Get Started Here. Earlier positions there include serving as a portfolio manager on seven mutual funds and separately managed accounts with total assets of approximately $10 billion. AtTractive Tax-Exempt income. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Municipal Bloomberg Surveillance, covering the latest news in finance, economics and investments. The Fund invests in a broadly diversified portfolio of federally tax-exempt municipal obligations. What If We Had a 15-Minute City for Friendship? A popular bond refinancing tactic used by US states and cities likely cost taxpayers billions of dollars, according to a paper to be Municipal Bond Funds We use a combination of top-down and bottom-up research to cover the four main elements of total return: duration, management, yield curve positioning, sector and credit quality allocation, and security selection. You shall bear all risk, related costs and liability and be responsible for your use of the Service. 2022. The bank won a $161 million offering in a competitive auction by the city of Frisco, its first time to handle a deal for a Texas city or local government since a GOP-backed law related to the firearms industry took effect in September 2021, data compiled by Bloomberg show. Heather R. Overby Vice President, Finance & Accounting/Chief Financial Officer, Kentucky Municipal Energy Agency (wholesale electricity sale governmental), June 2018 Present; Chairman, Kentucky School Facilities Construction Commission (state commission), December 2018 Present; Chief Financial Officer, Kentucky Municipal Power Agency, (wholesale electricity sale governmental), November 2009 May 2018. Territories and Possessions and/or interest from municipal bonds from another state or political subdivision acquired before January 1,