Cavanal HillUltra Short Tax-Free Income Fund Institutional (AIUSX)
| Fund Assets | 12.27M |
| Expense Ratio | 0.35% |
| Min. Investment | $1,000 |
| Turnover | 173.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.83% |
| Dividend Growth | -13.82% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.04 |
| YTD Return | 0.17% |
| 1-Year Return | 2.87% |
| 5-Year Return | 9.96% |
| 52-Week Low | 9.76 |
| 52-Week High | 10.04 |
| Beta (5Y) | n/a |
| Holdings | 35 |
| Inception Date | Dec 26, 2017 |
About AIUSX
Cavanal Hill Ultra Short Tax-Free Income Fund Institutional Class is a municipal bond mutual fund designed to deliver current income exempt from federal income taxes, with a focus on capital preservation. This fund primarily invests in a diversified portfolio of high-quality, short-maturity municipal securities, including both fixed-rate instruments and variable rate demand notes (VRDNs) that provide daily or weekly liquidity. It maintains a weighted average maturity of one year or less and typically allocates at least 65% of its assets to investment-grade securities. The management applies a disciplined, value-oriented approach, emphasizing duration management, yield curve positioning, sector allocation, and security selection to optimize risk-adjusted returns. With a net expense ratio of 0.35%, the fund is structured for institutional investors seeking tax-efficient income with lower interest rate risk compared to longer-duration bond funds. Its holdings are concentrated in municipal issues, offering a practical solution for organizations or individuals requiring short-term cash management with tax advantages and minimal exposure to market volatility.
Performance
AIUSX had a total return of 2.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.07%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
40.11% of assets| Name | Symbol | Weight |
|---|---|---|
| CHANNAHON ILL REV 3.3% | n/a | 4.61% |
| COLORADO SPRINGS COLO UTILS REV 3.3% | n/a | 4.61% |
| OREGON ST 2.3% | OR.ORS 12.01.2036 | 4.61% |
| WISCONSIN HSG & ECONOMIC DEV AUTH HOME OWNERSHIP REV 3.25% | WI.WISGEN 03.01.2031 | 4.61% |
| ILLINOIS FIN AUTH REV 2.35% | IL.ILSGEN 11.01.2038 | 4.28% |
| FRANKLIN CNTY OHIO HOSP REV 2.25% | OH.FRAMED 11.15.2041 | 3.95% |
| METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 3.32% | n/a | 3.49% |
| PLAIN CITY OHIO 5.375% | n/a | 3.34% |
| BELMONT CNTY OHIO 4.5% | n/a | 3.32% |
| RICHMOND HEIGHTS OHIO 4.5% | n/a | 3.32% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.01751 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02345 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02342 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02442 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0238 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02424 | Aug 29, 2025 |