APUSX: Cavanal Hill Ultra Short Tax-Free Income Fund - MutualFunds.com

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Cavanal Hill Ultr Shrt Tax-Free Inc Inv

APUSX - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $38.5 M
  • Holdings in Top 10 36.3%

52 WEEK LOW AND HIGH

$10.00
$9.95
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.16%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 129.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Compare APUSX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.79

-0.07%

$78.56 B

-

$0.00

2.21%

-

$11.24

0.00%

$32.48 B

-

$0.00

1.44%

-

$13.56

0.00%

$24.26 B

-

$0.00

1.73%

-

$15.94

0.00%

$20.00 B

-

$0.00

0.57%

-

$116.81

+0.02%

$18.20 B

-

-

2.62%

-

APUSX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Cavanal Hill Ultra Short Tax-Free Income Fund
  • Fund Family Name
    Cavanal Hill funds
  • Inception Date
    Dec 26, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Williams

Fund Description

The fund invests in a diversified portfolio of municipal bonds and debentures. As a matter of fundamental policy, it invests, under normal circumstances, at least 80% of its net assets in municipal securities, the income from which is both exempt from federal income tax and not subject to federal alternative minimum tax for individuals. The fund invests at least 80% of its net assets in tax-free bonds and maintains a dollar-weighted average maturity between 1 day to 1 year.


APUSX - Performance

Return Ranking - Trailing

Period APUSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -4.8% 307.0% 93.42%
1 Yr 0.4% -5.4% 5.8% 97.03%
3 Yr N/A* -0.6% 8.2% N/A
5 Yr N/A* -0.3% 6.9% N/A
10 Yr N/A* -0.1% 8.1% N/A

* Annualized

Return Ranking - Calendar

Period APUSX Return Category Return Low Category Return High Rank in Category (%)
2019 0.1% -0.3% 15.4% 99.11%
2018 -0.1% -10.3% 97.2% 6.26%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A
2015 N/A -4.8% 3.0% N/A

Total Return Ranking - Trailing

Period APUSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -4.8% 307.0% 93.36%
1 Yr 0.4% -8.3% 5.8% 70.19%
3 Yr N/A* -2.5% 8.2% N/A
5 Yr N/A* -1.5% 6.9% N/A
10 Yr N/A* -0.4% 8.1% N/A

* Annualized

Total Return Ranking - Calendar

Period APUSX Return Category Return Low Category Return High Rank in Category (%)
2019 0.1% -0.3% 15.4% 99.11%
2018 -0.1% -10.3% 11.0% 10.11%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A
2015 N/A -4.8% 4.0% N/A

NAV & Total Return History


APUSX - Holdings

Concentration Analysis

APUSX Category Low Category High APUSX % Rank
Net Assets 38.5 M 611 K 78.6 B 94.87%
Number of Holdings 58 1 10805 94.19%
Net Assets in Top 10 14.6 M -199 M 3.97 B 88.73%
Weighting of Top 10 36.29% 2.5% 100.0% 7.25%

Top 10 Holdings

  1. Cavanal Hill Government Secs MMkt Sel 4.58%
  2. LINCOLN CNTY WYO POLLUTN CTL REV 0.03% 3.72%
  3. AUSTIN TEX HOTEL OCCUPANCY TAX REV 0.18% 3.69%
  4. COLORADO SPRINGS COLO UTILS REV 0.14% 3.63%
  5. HOUSTON TEX ARPT SYS REV 0.16% 3.63%
  6. LOUISIANA PUB FACS AUTH REV 0.09% 3.62%
  7. ALASKA ST INTL ARPTS REVS 0.1% 3.61%
  8. BROOKFIELD ILL REV 0.11% 3.47%
  9. OREGON ST 0.09% 3.47%
  10. CHANNAHON ILL REV 0.09% 3.47%

Asset Allocation

Weighting Return Low Return High APUSX % Rank
Bonds
81.83% 0.00% 147.66% 99.04%
Cash
18.17% -47.66% 100.00% 0.90%
Stocks
0.00% 0.00% 1.80% 5.07%
Preferred Stocks
0.00% -0.98% 1.07% 0.39%
Other
0.00% -1.46% 12.83% 4.17%
Convertible Bonds
0.00% 0.00% 1.64% 0.79%

Bond Sector Breakdown

Weighting Return Low Return High APUSX % Rank
Municipal
81.83% 0.00% 100.00% 98.42%
Cash & Equivalents
18.17% 0.00% 100.00% 0.90%
Derivative
0.00% 0.00% 2.16% 0.23%
Securitized
0.00% 0.00% 6.06% 2.37%
Corporate
0.00% 0.00% 12.97% 15.73%
Government
0.00% 0.00% 49.72% 5.52%

Bond Geographic Breakdown

Weighting Return Low Return High APUSX % Rank
US
81.83% 0.00% 141.34% 98.59%
Non US
0.00% 0.00% 27.62% 74.35%

APUSX - Expenses

Operational Fees

APUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.16% 0.01% 4.23% 28.41%
Management Fee 0.15% 0.00% 1.10% 2.87%
12b-1 Fee 0.25% 0.00% 1.00% 33.68%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

APUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

APUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

APUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 129.00% 0.00% 233.00% 98.97%

APUSX - Distributions

Dividend Yield Analysis

APUSX Category Low Category High APUSX % Rank
Dividend Yield 0.01% 0.00% 3.55% 6.36%

Dividend Distribution Analysis

APUSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

APUSX Category Low Category High APUSX % Rank
Net Income Ratio 0.53% 0.00% 6.48% 99.66%

Capital Gain Distribution Analysis

APUSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

APUSX - Fund Manager Analysis

Managers

Richard Williams


Start Date

Tenure

Tenure Rank

Dec 26, 2017

2.85

2.9%

Mr. Williams is a Senior Vice President and has been a tax-free fund manager for Cavanal Hill Investment Management since 2005. Before joining Cavanal Hill Investment Management, Mr. Williams was a senior portfolio manager for AMR Investments from August 2000 to March 2005. He began his career on the money market trading desk at Fidelity Investments in Dallas, Texas and has also worked for Koch Industries and Automatic Data Processing.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.61 2.84
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