Skip to Content
Morningstar

Cavanal Hill Ultr Shrt Tax-Free Inc Inv APUSX

Morningstar Medalist Rating
Medalist Rating as of | See Cavanal Hill Investment Hub
  • NAV / 1-Day Return 9.98  /  +0.03 %
  • Total Assets 10.9 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100
  • Status Open
  • TTM Yield 2.70%
  • Effective Duration —

USD | NAV as of May 04, 2024 | 1-Day Return as of May 04, 2024, 12:09 AM GMT+0

Morningstar’s Analysis APUSX

Will APUSX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable APUSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the APUSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of APUSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Cavanal Hill Ultr Shrt Tax-Free Inc Inv to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings APUSX

More APUSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

WYANDOTTE CNTY/KANS CITY KANS UNI GOVT 4.25%

6.50 750,006
Cash and Equivalents

FRANKLIN CNTY OHIO HOSP REV 3.63%

5.20 600,000
municipal

PHILADELPHIA PA 3.63%

5.20 600,000
municipal

AUSTIN TEX HOTEL OCCUPANCY TAX REV 3.77%

5.02 580,000
municipal

COLORADO SPRINGS COLO UTILS REV 3.63%

4.33 500,000
municipal

RHODE ISLAND ST HEALTH & EDL BLDG CORP 3.75%

4.33 500,000
municipal

NEWARK OHIO 4.625%

3.99 461,025
municipal

FORT BEND CNTY TEX MUN UTIL DIST NO 182 5%

3.96 456,660
municipal

OAKWOOD VLG OHIO 5.25%

3.95 456,058
Cash and Equivalents

MONTGOMERY CNTY TENN PUB BLDG AUTH POOLED FING REV 3.79%

3.90 450,000
municipal