Aquila Narragansett Tax-Free Income Fund-Class A (NITFX)

Aquila Churchill Tax-Free Fund of Kentucky-Class A CHTFX

Aquila Churchill Tax-Free Fund of Kentucky-Class C CHKCX

Aquila Churchill Tax-Free Fund of Kentucky-Class F CHKFX

Aquila Churchill Tax-Free Fund of Kentucky-Class I CHKIX

Aquila Churchill Tax-Free Fund of Kentucky-Class Y CHKYX

Aquila Narragansett Tax-Free Income Fund-Class A NITFX

Aquila Narragansett Tax-Free Income Fund-Class C NITCX

Aquila Narragansett Tax-Free Income Fund-Class F NIFFX

Aquila Narragansett Tax-Free Income Fund-Class I NITIX

Aquila Narragansett Tax-Free Income Fund-Class Y NITYX

Aquila Tax-Free Fund For Utah-Class A UTAHX

Aquila Tax-Free Fund For Utah-Class C UTACX

Aquila Tax-Free Fund For Utah-Class F UTAFX

Aquila Tax-Free Fund For Utah-Class Y UTAYX

Aquila Tax-Free Fund of Colorado-Class A COTFX

Aquila Tax-Free Fund of Colorado-Class C COTCX

Aquila Tax-Free Fund of Colorado-Class Y COTYX

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 Y AZTYX

Aquila Tax-Free Trust of Oregon-Class A ORTFX

Aquila Tax-Free Trust of Oregon-Class C ORTCX

Aquila Tax-Free Trust of Oregon-Class F ORFFX

Aquila Tax-Free Trust of Oregon-Class Y ORTYX