AQUILA TAX-FREE TRUST OF ARIZONA — new fund registration

AQUILA MUNICIPAL TRUST registered fund series on Form 485APOS, filed 2014-05-19. Featured series: AQUILA TAX-FREE TRUST OF ARIZONA.

Registration

Registrant / trust: AQUILA MUNICIPAL TRUST
CIK: 0000784056
Form: 485APOS
Filed: 2014-05-19
State of incorporation: MA
Accession: 0000784056-14-000010
Reported net assets: $161.9M

Series & classes (4)

Series	Class	Ticker	New
AQUILA TAX-FREE TRUST OF ARIZONA	Class A	AZTFX	—
AQUILA TAX-FREE TRUST OF ARIZONA	Class C	AZTCX	—
AQUILA TAX-FREE TRUST OF ARIZONA	Class I	AZTIX	—
AQUILA TAX-FREE TRUST OF ARIZONA	Class Y	AZTYX	—

Fees (from the effective prospectus)

12b-1 fee: 0.15%
Gross expense ratio: 0.74%
Management fee: 0.40%
Net expense ratio: 0.73%
Other expenses: 0.19%

Investment objective

The Funds objective is to provide you as high a level of current income exempt from Arizona state and regular Federal income taxes as is consistent with preservation of capital.

Advisers

Aquila Investment Management LLC (Advisor)