HULAX

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.