Cavanal Hill designed our Ultra Short Tax-Free Strategy as a high-quality short-maturity strategy for investors seeking higher taxable-equivalent yields than money market funds typically offer. It does this by utilizing a mix of variable rate demand notes (VRDNs) and fixed-rate municipal securities with at least 65% in investment-grade securities at the time of purchase; the strategy will have a maximum duration of 1 year.
How Our Fixed Income Management Process Works For You:
We seek opportunities to generate returns for our investors.
We test our discoveries for relative value and associated risk. If it’s not worth it, we go back to the drawing board.
We invest in assets that have value within the current market. We only buy when we believe the price is right.
We monitor our investments closely. We ensure our reasoning remains valid and, if it isn’t, we return to the discovery phase.
Out Fixed Income strategies seek to achieve results for you by looking for inefficiencies in the market – particularly in areas we consider under-researched areas – and taking advantage of them for your benefit. While we believe that excess return is good, we believe risk-adjusted return is even better. Our pursuit of superior return for you is tempered with strong risk-management processes.
|First $10,000,000||35 bps|
|Next $15,000,000||30 bps|
|Next $25,000,000||25 bps|
|Next $50,000,000||20 bps|
|More than $100,000,000||15 bps|