About HULAX
Hawaiian Tax-Free Trust Class A is a municipal bond mutual fund designed to provide investors with income that is exempt from both Hawaii state and regular federal income taxes. The fund primarily invests in investment-grade municipal bonds issued within the state of Hawaii, which support the financing of essential public projects such as schools, highways, water and sewer facilities, airports, and hospitals. Its portfolio features a diversified mix of general obligation and revenue bonds, with a typical focus on intermediate maturities, resulting in a weighted average maturity of approximately 12 years. The fund appeals particularly to Hawaii residents seeking tax-efficient income, and it distributes income monthly. With an emphasis on capital preservation and high credit quality, Hawaiian Tax-Free Trust Class A plays a specialized role in the market by addressing the needs of investors in a single state, while contributing to the infrastructure and development of Hawaii’s public sectors. Investors should be mindful of its geographical concentration, which can lead to performance volatility versus more broadly diversified municipal bond funds.
Fund Family Asset Management Group Of Bank Of Hawaii
Category Muni Single State Interm
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol HULAX
Share Class Class A
Index Bloomberg Muni Quality Intermediate TR
HULAX had a total return of -1.73% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.97%.
