0001752724-23-127851.txt : 20230607 0001752724-23-127851.hdr.sgml : 20230607 20230607145409 ACCESSION NUMBER: 0001752724-23-127851 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230331 FILED AS OF DATE: 20230607 DATE AS OF CHANGE: 20230607 EFFECTIVENESS DATE: 20230607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HAWAIIAN TAX FREE TRUST CENTRAL INDEX KEY: 0000750909 IRS NUMBER: 136845048 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-04084 FILM NUMBER: 23998692 BUSINESS ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: #3600 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2126976666 MAIL ADDRESS: STREET 1: 120 WEST 45TH STREET STREET 2: #3600 CITY: NEW YORK STATE: NY ZIP: 10036 0000750909 S000009108 HAWAIIAN TAX-FREE TRUST C000024774 HAWAIIAN TAX-FREE TRUST CLASS A HULAX C000024775 HAWAIIAN TAX-FREE TRUST CLASS C HULCX C000024777 HAWAIIAN TAX-FREE TRUST CLASS Y HULYX C000188793 HAWAIIAN TAX-FREE TRUST CLASS F HULFX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000750909 XXXXXXXX 811-04084 false false false N-1A S000009108 C000024777 C000024775 C000024774 C000188793 Hawaiian Tax Free Trust 811-04084 0000750909 549300HUIMD7Y2LDKU09 120 West 45th Street STE 3600 New York 10036 US-NY US 212-697-6666 The Asset Management Group of Bank of Hawaii 130 Merchant Street Suite 370 Honolulu 96813 888-643-3888 Records related to its function as the adviser and administrator BNY Mellon Investment Servicing (U.S.) Inc. 118 Flanders Road Westborough 01581 508-871-8500 Records related to its function as the transfer agent Aquila Distributors LLC 120 West 45th Street Suite 3600 New York 10036 212-697-6666 Records related to its function as the distributor The Bank of New York Mellon 240 Greenwich Street New York 10286 212-495-1784 Records related to its function as the custodian Aquila Investment Management LLC 120 West 45th Street Suite 3600 New York 10036 212-697-6666 Records related to its function as the administrator N N N-1A 1 Y Catherine Luke N/A N Glenn P. O'Flaherty N/A N Randolph P. Perreira N/A N Diana P. Herrmann N/A Y Randall S. Fillmore 004188259 120 West 45th Street Suite 3600 New York 10036 XXXXXX N N N N N N N Aquila Distributors LLC 8-13173 000001706 5493000CXLFC5DL61F76 Y N Tait, Weller & Baker LLP 445 N/A N N N N N N N Hawaiian Tax-Free Trust S000009108 549300HUIMD7Y2LDKU09 N 4 0 0 N/A Y N N N N/A N/A N/A Rule 17a-7 (17 CFR 270.17a-7) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N The Asset Management Group of Bank of Hawaii 801-60203 000112324 XJCRTTYJVBMA22IXL619 N BNY Mellon Investment Servicing (US) Inc. 084-01761 549300CFZQLI9QMJ1Z03 N N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N BNY Mellon Investment Servicing (US) Inc. 549300CFZQLI9QMJ1Z03 N N N Aquila Investment Management LLC 549300B3GEBMJ5RQBG49 Y N N 0.00000000 WELLS FARGO SECURITIES, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 22371055.00000000 NATIONAL FINANCIAL SERVICES LLC 008-26740 000013041 549300JRHF1MHHWUAW04 8616821.60000000 PERSHING LLC 008-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 66285222.45000000 STIFEL, NICHOLAS & COMPANY, INC. 008-01447 000000793 5WUVMA08EYG4KEUPW589 3490778.20000000 RBC CAPITAL MARKETS LLC 008-45411 000031194 549300LCO2FLSSVFFR64 18349396.65000000 J.P. Morgan Securities LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 5307340.00000000 Jefferies & Company Inc 008-15074 000002347 58PU97L1C0WSRCWADL48 5357750.00000000 Merrill Lynch, Pierce, Fenner & Smith Incorporated 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 34267989.55000000 GOLDMAN SACHS & CO. 008-00129 000000361 FOR8UP27PHTHYVLBNG30 9565545.80000000 MORGAN STANLEY & CO. LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 18726334.25000000 196108291.70000000 N 541256929.22000000 0.00000000 Committed 40000000.00000000 N N N N false false true false false false INTERNAL CONTROL RPT 2 a51636_htft.htm

 

 

 

 

 

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

 

To the Shareholders and Board of Trustees

Hawaiian Tax-Free Trust

New York, New York

 

 

In planning and performing our audit of the financial statements of Hawaiian Tax-Free Trust (the “Trust”) as of and for the year ended March 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered its internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

 

The management of the Trust is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Such internal control includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

 

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

 

A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the company’s ability to initiate, authorize, record, process or report financial data reliably in accordance with accounting principles generally accepted in the United States of America such that there is more than a remote likelihood that a misstatement of the company’s annual or interim financial statements that is more than inconsequential will not be prevented or detected. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.

 

 
 
 

Shareholders and Board of Trustees

Hawaiian Tax-Free Trust

Page Two

 

 

Our consideration of the Trust’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Trust’s internal control over financial reporting and its operation, including controls for safeguarding securities, which we consider to be material weaknesses, as defined above, as of March 31, 2023.

 

This report is intended solely for the information and use of management, Shareholders and Board of Trustees of Hawaiian Tax-Free Trust and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.

 

 

/s/TAIT, WELLER & BAKER LLP

 

Philadelphia, Pennsylvania

May 30, 2023