Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX)
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
US14956P1259
Dec 25, 2017
$100
Expense Ratio
APUSX features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
Cavanal Hill Ultra Short Tax-Free Income Fund had a return of 0.00% year-to-date (YTD) and 2.83% in the last 12 months.
APUSX
0.00%
-0.10%
1.29%
2.83%
1.10%
N/A
^GSPC (Benchmark)
-0.77%
-3.55%
3.64%
22.00%
12.20%
11.23%
Monthly Returns
The table below presents the monthly returns of APUSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.25% | 0.25% | 0.18% | 0.28% | 0.27% | 0.27% | 0.35% | 0.26% | 0.26% | 0.16% | 0.35% | -0.10% | 2.83% |
| 2023 | 0.39% | -0.10% | 0.42% | 0.02% | 0.24% | 0.24% | 0.36% | 0.19% | 0.22% | 0.24% | 0.44% | 0.29% | 3.01% |
| 2022 | -0.30% | -0.10% | -0.40% | -0.20% | 0.31% | 0.11% | 0.11% | -0.27% | -0.26% | 0.16% | 0.58% | 0.10% | -0.18% |
| 2021 | 0.00% | 0.00% | -0.10% | 0.00% | 0.00% | 0.00% | 0.00% | -0.10% | -0.10% | 0.00% | 0.00% | -0.10% | -0.40% |
| 2020 | 0.06% | 0.06% | 0.12% | 0.06% | 0.13% | 0.02% | -0.09% | 0.00% | 0.00% | -0.10% | -0.00% | 0.00% | 0.26% |
| 2019 | 0.11% | 0.10% | 0.11% | 0.11% | 0.10% | 0.00% | 0.11% | 0.01% | -0.09% | 0.11% | 0.00% | 0.00% | 0.67% |
| 2018 | -0.10% | 0.00% | 0.00% | -0.10% | 0.10% | 0.00% | 0.00% | -0.10% | 0.00% | 0.00% | 0.00% | 0.10% | -0.10% |
| 2017 | 0.00% | 0.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, APUSX is among the top 1% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Cavanal Hill Ultra Short Tax-Free Income Fund (APUSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Cavanal Hill Ultra Short Tax-Free Income Fund provided a 2.89% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.29 | $0.21 | $0.03 | $0.00 | $0.04 | $0.06 |
Dividend yield | 2.89% | 2.89% | 2.05% | 0.32% | 0.00% | 0.36% | 0.57% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.29 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 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 | $0.03 |
| 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 | $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 | $0.04 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Cavanal Hill Ultra Short Tax-Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Cavanal Hill Ultra Short Tax-Free Income Fund was 1.64%, occurring on Sep 26, 2022. Recovery took 132 trading sessions.
The current Cavanal Hill Ultra Short Tax-Free Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.64% | Jul 9, 2020 | 559 | Sep 26, 2022 | 132 | Apr 5, 2023 | 691 |
| -0.6% | Mar 12, 2020 | 7 | Mar 20, 2020 | 7 | Mar 31, 2020 | 14 |
| -0.2% | Apr 17, 2023 | 3 | Apr 19, 2023 | 12 | May 5, 2023 | 15 |
| -0.2% | Jan 18, 2018 | 65 | Apr 20, 2018 | 194 | Jan 29, 2019 | 259 |
| -0.1% | Mar 18, 2024 | 1 | Mar 18, 2024 | 8 | Mar 28, 2024 | 9 |
Volatility
Volatility Chart
The current Cavanal Hill Ultra Short Tax-Free Income Fund volatility is 0.18%, 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.