AAUSX — Ultra Short Tax-Free Income Fund
Data updated: 2026-07-27
AAUSX — Ultra Short Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Leveraged · $9.25M AUM · 0.60% expense ratio · 2.5% 1-yr return. From SEC regulatory filings.
AAUSX Fund Overview
AAUSX — Ultra Short Tax-Free Income Fund is a US mutual fund managed by Cavanal Hill Funds, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Cavanal Hill Funds
- Category: Leveraged
- Assets under management: $9.25M
- 1-year return: 2.5%
- Ticker: AAUSX
- SEC CIK: 0000864508
- SEC series ID: S000060081
- Share class ID: C000196703
AAUSX Holdings
Top 10 holdings of Ultra Short Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Plain City Ohio | 5.44% |
| Duluth Minn Indpt Sch Dist No 709 | 5.42% |
| Belmont Cnty Ohio | 5.42% |
| Richmond Heights Ohio | 5.42% |
| Decatur Ill Pk Dist | 4.91% |
| Huber Heights Ohio | 4.87% |
| Columbiana Ohio Exmp Vlg Sch Dist Ctfs Partn | 4.42% |
| Marysville Ohio | 4.37% |
| Elyria Ohio | 4.33% |
| Canyons Sch Dist Utah | 4.04% |
AAUSX Portfolio Allocation
Asset-class allocation of Ultra Short Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.8% |
| Cash & Equivalents | 2.5% |
AAUSX Performance
Total returns for AAUSX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.8% |
| 1 year | 2.5% |
| 3 years (annualised) | 2.9% |
| 5 years (annualised) | 1.8% |
AAUSX Risk Information
Risk metrics for AAUSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.2%
AAUSX Costs and Fees
AAUSX costs about $60 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.60%
- Gross expense ratio: 1.83%
- Portfolio turnover: 173%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
AAUSX Cashflows
Over the 12 months to 2026-02, Ultra Short Tax-Free Income Fund had net outflows of $2.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | −$1.67M |
| 2026-01 | −$3.06M |
| 2025-12 | $3.40M |
| 2025-11 | −$194.14K |
| 2025-10 | $19.54K |
| 2025-09 | −$268.14K |
AAUSX Debt Constituents
Largest debt holdings of Ultra Short Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Plain City Ohio | 5.44% |
| Duluth Minn Indpt Sch Dist No 709 | 5.42% |
| Belmont Cnty Ohio | 5.42% |
| Richmond Heights Ohio | 5.42% |
| Decatur Ill Pk Dist | 4.91% |
| Huber Heights Ohio | 4.87% |
| Columbiana Ohio Exmp Vlg Sch Dist Ctfs Partn | 4.42% |
| Marysville Ohio | 4.37% |
| Elyria Ohio | 4.33% |
| Canyons Sch Dist Utah | 4.04% |
AAUSX Prospectus and SEC Filings
Official Ultra Short Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Leveraged funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.