What is Hawaiian Tax-Free Trust?
Hawaiian Tax-Free Trust is a mutual fund which invests in municipal bonds. The Trust seeks to provide as high a level of current income that is exempt from both State of Hawaii and Federal income taxes as is consistent with preservation of investors’ capital. To achieve this objective, the Trust invests primarily in tax-free municipal obligations of Hawaii issuers. Municipal obligations are the kind of securities that finance schools, highways, hospitals, and water and sewer facilities here in Hawaii. The Trust has been created especially for the benefit of Hawaii residents.
