Cavanal Hill Limited Duration Fund Institutional Class is a U.S. mutual fund focused on short-term, investment‑grade fixed income. Its primary objective is to provide current income consistent with preservation of capital by investing mainly in a diversified mix of short‑maturity bonds and other high‑quality debt securities, resulting in lower interest‑rate sensitivity relative to intermediate or long‑duration strategies. The fund resides in the short‑term bond category and typically targets durations in the 1–3.5 year range, aligning with conservative fixed‑income profiles. It pays income on a monthly basis and has an established track record dating back to its institutional share class inception in 2005. Portfolio holdings are largely bonds, complemented by cash and other short‑term instruments to support liquidity and risk management. Within the fixed‑income market, the fund serves as a core short‑duration allocation aimed at smoothing volatility, providing consistent income, and complementing broader bond or multi‑asset portfolios, with benchmarking references to short‑maturity U.S. government and corporate indices for context on risk and return characteristics.
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