Expense Ratio History

AAUSX expense ratio history

Ultra Short Tax-Free Income Fund, Class A

Fund company
Cavanal Hill
Type
Mutual fund

1.83%

In basis points
183 basis points
Yearly cost per $10,000
$183
Prospectus dated
28 December 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.43% on 28 December 2025

Fee over time

AAUSX expense ratio: 1.79% until 26 Dec 2018, then 2.21%; 2.21% until 26 Dec 2019, then 1.44%; 1.44% until 28 Dec 2020, then 1.04%; 1.04% until 28 Dec 2021, then 0.92%; 0.92% until 27 Dec 2022, then 1.16%; 1.16% until 28 Dec 2023, then 1.20%; 1.20% until 28 Dec 2024, then 1.43%; 1.43% until 28 Dec 2025, then 1.83%; read at 1.83% on 28 Dec 2025.0.00%1.00%2.00%3.00%Dec 2017May 2019Oct 2020Mar 2022Aug 2023Jan 20251.79% before1.83% from 28 Dec 2025
AAUSX expense ratio: 1.79% until 26 Dec 2018, then 2.21%; 2.21% until 26 Dec 2019, then 1.44%; 1.44% until 28 Dec 2020, then 1.04%; 1.04% until 28 Dec 2021, then 0.92%; 0.92% until 27 Dec 2022, then 1.16%; 1.16% until 28 Dec 2023, then 1.20%; 1.20% until 28 Dec 2024, then 1.43%; 1.43% until 28 Dec 2025, then 1.83%; read at 1.83% on 28 Dec 2025.0.00%1.00%2.00%3.00%Dec 2017Sep 2020Jun 20231.79% before1.83% from 28 Dec 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
AAUSX (this page) Class A 1.83% 0.60% 28 Dec 2025
AIUSX Institutional 1.73% 0.35% 28 Dec 2025
APUSX Investor 1.85% 0.60% 28 Dec 2025

Every figure we've recorded

DateFeeWhat happened
28 Dec 2025 1.83% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-12-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Dec 2025 1.83% Raised from 1.43% to 1.83%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-12-19
28 Dec 2024 1.43% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-12-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Dec 2024 1.43% Raised from 1.20% to 1.43%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-12-20
28 Dec 2023 1.20% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-12-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Dec 2023 1.20% Raised from 1.16% to 1.20%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-12-22
27 Dec 2022 1.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-12-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Dec 2022 1.16% Raised from 0.92% to 1.16%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-12-27
28 Dec 2021 0.92% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-12-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Dec 2021 0.92% Cut from 1.04% to 0.92%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-12-22
28 Dec 2020 1.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-12-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Dec 2020 1.04% Cut from 1.44% to 1.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-01-06
26 Dec 2019 1.44% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-12-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Dec 2019 1.44% Cut from 2.21% to 1.44%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-12-27
26 Dec 2018 2.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-12-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Dec 2018 2.21% Raised from 1.79% to 2.21%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-01-04
26 Dec 2017 1.79% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-12-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.83% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,163 in fees over 10 years

After fees, $10,000 grows to $13,602.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$188
3 years$580
5 years$998
10 years$2,163

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2017. Each one is listed above with a link to the filing.

How we read fees

More Cavanal Hill funds

The cheapest of 11. All Cavanal Hill funds.