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.
Fund Family Cavanal Hill funds
Category Muni National Short
Performance Rating Above Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol AIUSX
Share Class Institutional
Index Bloomberg Municipal Bond 1 Y TR
AIUSX had a total return of 2.57% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.74%.
