INTERACTIVE TRADER UTAH PROFESSIONAL

The prospectus outlines a number of different ways you may redeem your shares. 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. You may redeem all or part of your investment on any business day at the next-determined Net Asset Value of the FundвЂ™s shares after acceptance of your redemption request. The prospectus is available on this site and from your financial professional, or by calling 80. Before investing, carefully read about and consider the investment objectives, risks, charges, expenses, and other information found in the Fund prospectus.

INTERACTIVE TRADER UTAH PROFESSIONAL

Class F, Class I, Class T and Class Y shares are available to investors only through a professional financial advisor or a financial institution. Class C Shares do not have a sales charge, but do have a contingent deferred sales charge (CDSC) of 1% if a redemption occurs within the first 12 months of purchase. Please see the prospectus for details, or fund-specific information on this site. The maximum sales charge included in the offering price of Class A Shares varies by fund. The Fund offers both Front-Payment Class Shares (Class A Shares) or Level-Payment Class Shares (Class C Shares). You may invest in any of the Aquila Group of Funds through your professional financial advisor at the public offering price as described in the prospectus, or by completing the FundвЂ™s application. The Fund is not appropriate for tax-deferred retirement plans, such as IRAs. Please consult your professional tax advisor. For certain investors, some dividends may be subject to federal and state taxes, including Alternative Minimum Tax (AMT). Utah taxpayersВ who can benefit from income that is exempt from federal and state income taxes. Additional information may be found in the Fund prospectus, on this site.ДЄquila Tax-Free Fund For Utah does not hold Puerto Rico bonds. 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.ДЄdministrative determinations may be subject to change at any time and there can be no certainty as to the ongoing exemption from Utah individual income tax of the interest on obligations of states other than Utah.

These states currently are Alaska, Florida, Indiana (for bonds acquired before January 1, 2012), Nevada, North Dakota, South Dakota, Texas, Wyoming, Washington D.C. 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. These obligations can be of any maturity, but the FundвЂ™s weighted average maturity has traditionally been between 5 and 15 years. To achieve this objective, the Fund will invest primarily in tax-free municipal obligations of investment grade quality вЂ“ the kind of securities that finance schools, highways, airports, hospitals, and water and sewer facilities in Utah. The Fund seeks to provide as high a level of current income exempt from Utah state and regular federal income taxes as is consistent with preservation of capital by investing in municipal obligations which pay interest exempt from Utah state and federal income taxes. Aquila Tax-Free Fund For Utah is a municipal bond mutual fund designed especially for Utah residents.

Interactive trader utah