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Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX)

Mutual Fund · Currency in USD · Last updated Jun 2, 2023

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.

Fund Info

ISINUS14956P1259
IssuerCavanal Hill funds
Inception DateDec 25, 2017
CategoryMunicipal Bonds
Minimum Investment$100
Asset ClassBond

Expense Ratio

The Cavanal Hill Ultra Short Tax-Free Income Fund has a high expense ratio of 0.60%, indicating higher-than-average management fees.


0.60%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in Cavanal Hill Ultra Short Tax-Free Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%2023FebruaryMarchAprilMayJune
0.84%
5.56%
APUSX (Cavanal Hill Ultra Short Tax-Free Income Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with APUSX

Return

Cavanal Hill Ultra Short Tax-Free Income Fund had a return of 0.84% year-to-date (YTD) and 1.27% in the last 12 months. Over the past 10 years, Cavanal Hill Ultra Short Tax-Free Income Fund had an annualized return of 0.10%, while the S&P 500 had an annualized return of 8.73%, indicating that Cavanal Hill Ultra Short Tax-Free Income Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month0.10%3.18%
Year-To-Date0.84%9.94%
6 months0.84%3.67%
1 year1.27%1.06%
5 years (annualized)0.13%9.08%
10 years (annualized)0.10%8.73%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.39%-0.10%0.43%0.02%0.10%
20220.58%0.10%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
APUSX
Cavanal Hill Ultra Short Tax-Free Income Fund
1.77
^GSPC
S&P 500
0.10

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Cavanal Hill Ultra Short Tax-Free Income Fund Sharpe ratio is 1.77. A Sharpe ratio greater than 1.0 is considered acceptable.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.001.502.002.502023FebruaryMarchAprilMayJune
1.77
0.10
APUSX (Cavanal Hill Ultra Short Tax-Free Income Fund)
Benchmark (^GSPC)

Dividend History

Cavanal Hill Ultra Short Tax-Free Income Fund granted a 0.75% dividend yield in the last twelve months. The annual payout for that period amounted to $0.07 per share.


PeriodTTM2022202120202019
Dividend$0.07$0.03$0.00$0.03$0.00

Dividend yield

0.75%0.32%0.00%0.35%0.03%

Monthly Dividends

The table displays the monthly dividend distributions for Cavanal Hill Ultra Short Tax-Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.01$0.01$0.01$0.01$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.01$0.01
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.01$0.01$0.01$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2019$0.00$0.00$0.00$0.00$0.00$0.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-20.00%-15.00%-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune0
-12.00%
APUSX (Cavanal Hill Ultra Short Tax-Free Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Cavanal Hill Ultra Short Tax-Free Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Cavanal Hill Ultra Short Tax-Free Income Fund is 1.64%, recorded on Sep 26, 2022. It took 132 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-1.64%Jul 23, 2020549Sep 26, 2022132Apr 5, 2023681
-0.6%Mar 12, 20207Mar 20, 20207Mar 31, 202014
-0.2%Apr 17, 20235Apr 21, 20234Apr 27, 20239
-0.2%Jan 18, 2018235Dec 21, 2018151Jul 31, 2019386
-0.1%Apr 22, 20201Apr 22, 202012May 8, 202013

Volatility Chart

The current Cavanal Hill Ultra Short Tax-Free Income Fund volatility is 0.24%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%2023FebruaryMarchAprilMayJune
0.24%
3.68%
APUSX (Cavanal Hill Ultra Short Tax-Free Income Fund)
Benchmark (^GSPC)