Cavanal Hill Ultr Shrt Tax-Free IncInstl (AIUSX)
| Fund Assets | 9.18M |
| Expense Ratio | 0.35% |
| Min. Investment | $1,000 |
| Turnover | 173.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.68% |
| Dividend Growth | -12.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.03 |
| YTD Return | 1.15% |
| 1-Year Return | 2.61% |
| 5-Year Return | 12.19% |
| 52-Week Low | 10.03 |
| 52-Week High | 10.05 |
| Beta (5Y) | n/a |
| Holdings | 27 |
| 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 2.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.71%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
46.29% of assets| Name | Symbol | Weight |
|---|---|---|
| METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 2.42% | DC.METAPT 10.01.2039 | 5.05% |
| PLAIN CITY OHIO 5.375% | OH.PLC 5.38 09.22.2026 | 4.82% |
| BELMONT CNTY OHIO 4.5% | OH.BEL 4.5 08.11.2026 | 4.79% |
| RICHMOND HEIGHTS OHIO 4.5% | OH.RMH 4.5 07.30.2026 | 4.79% |
| DULUTH MINN INDPT SCH DIST NO 709 4% | MN.DULSCD 4 09.30.2026 | 4.79% |
| TEXAS ST 2.33% | TX.TXS 06.01.2050 | 4.77% |
| MONTGOMERY CNTY TENN PUB BLDG AUTH POOLED FING REV 2.58% | TN.MONFAC 11.01.2027 | 4.43% |
| DECATUR ILL PK DIST 5% | IL.DECFAC 5 12.15.2026 | 4.35% |
| HUBER HEIGHTS OHIO 5% | OH.HBH 5 06.25.2026 | 4.31% |
| Cavanal Hill Funds - Government Securities Money Market Fund | APSXX | 4.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02147 | Jul 1, 2026 |
| May 29, 2026 | $0.02152 | May 29, 2026 |
| Apr 30, 2026 | $0.0228 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02232 | Apr 1, 2026 |
| Feb 27, 2026 | $0.01889 | Feb 27, 2026 |
| Jan 30, 2026 | $0.01751 | Jan 30, 2026 |