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AABOX Cavanal Hill Bond A

  • Fund
  • AABOX
  • Price as of: Sep 18, 2018
  • $9.13
  • - $0.02
  • - 0.22%
  • Category
  • Total Bond Market

AABOX - Profile

Vitals

  • YTD Return -3.1%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $102 M
  • Holdings in Top 10 38.7%

52 WEEK LOW AND HIGH

$9.13
$9.12
$9.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

  • Front Load 2.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 79.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Cavanal Hill Bond Fund
  • Fund Family Name Cavanal Hill funds
  • Inception Date May 02, 2011
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Russell Knox

Fund Description

The fund invests at least 80% of its net assets in bonds. It invests primarily in debt obligations such as bonds, notes and debentures, and bills issued by U.S. corporations or by the U.S. government, its agencies, or instrumentalities, municipal securities, mortgage-backed securities, asset-backed securities and collateralized mortgage obligations that are rated within the four highest ratings categories assigned by a nationally recognized statistical ratings organization, or, if not rated, found by the Adviser under guidelines approved by the Trust's Board of Trustees to be of comparable quality.

AABOX - Performance

Return Ranking - Trailing

Period AABOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.1% -100.0% 14.2% 44.97% 4
1 Yr -1.3% -15.5% 21.5% 75.19% 4
3 Yr 0.7% * -6.1% 11.4% 84.17% 5
5 Yr 1.6% * -2.4% 14.8% 63.01% 4
10 Yr 3.9% * -0.7% 9.4% 44.87% 3

* Annualized


Return Ranking - Calendar

Period AABOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.5% -10.9% 25.1% 40.98% 3
2016 -1.0% -11.1% 192.8% 55.59% 5
2015 -1.6% -33.0% 5.1% 20.49% 2
2014 3.0% -24.1% 20.8% 12.39% 1
2013 -2.7% -13.1% 40.4% 30.06% 3

Total Return Ranking - Trailing

Period AABOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.1% -100.0% 14.2% 44.90% 4
1 Yr -3.3% -15.5% 21.5% 83.61% 5
3 Yr 0.0% * -7.0% 11.4% 89.28% 5
5 Yr 1.2% * -2.8% 14.8% 72.41% 4
10 Yr 3.6% * -0.7% 9.4% 47.73% 3

* Annualized


Total Return Ranking - Calendar

Period AABOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.5% -9.5% 25.1% 42.08% 3
2016 -1.0% -11.1% 195.3% 64.04% 5
2015 -1.6% -32.5% 16.5% 40.64% 3
2014 3.0% -9.9% 58.5% 31.20% 2
2013 -2.7% -12.9% 58.3% 49.29% 4

NAV & Total Return History

AABOX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

AABOX Category Low Category High AABOX % Rank Quintile
Net Assets 102 M 319 K 198 B 27.31% 5
Number of Holdings 182 1 17412 21.41% 4
Net Assets in Top 10 40.5 M -36 B 52.1 B 23.04% 4
Weighting of Top 10 38.7% 0.0% 1093.9% 12.05% 2

Top 10 Holdings

  1. United States Treasury Bonds 2.25% 10.12%
  2. United States Treasury Notes 1.25% 4.90%
  3. United States Treasury Notes 2.25% 4.21%
  4. United States Treasury Notes 0.38% 4.05%
  5. United States Treasury Notes 2.25% 3.91%
  6. Federal National Mortgage Association 0% 1.89%
  7. United States Treasury Notes 1.38% 3.68%
  8. GEORGIA ST 4.5% 2.50%
  9. DALLAS TEX INDPT SCH DIST 6.45% 1.76%
  10. Federal Home Loan Mortgage Corporation 0% 1.66%

Asset Allocation

Weighting Category Low Category High AABOX % Rank Quintile
Bonds
94.88% -190.82% 562.01% 13.58% 3
Cash
5.13% -461.99% 275.92% 15.11% 3
Stocks
0.00% -2.63% 98.61% 5.70% 5
Preferred Stocks
0.00% -0.12% 22.98% 7.27% 5
Other
0.00% -18.46% 99.99% 12.46% 5
Convertible Bonds
0.00% 0.00% 13.10% 8.80% 5

Bond Sector Breakdown

Weighting Category Low Category High AABOX % Rank Quintile
Government
41.89% -389.49% 503.27% 5.75% 1
Securitized
28.91% 0.00% 118.59% 16.89% 3
Corporate
12.50% 0.00% 221.70% 31.18% 5
Municipal
11.57% 0.00% 98.98% 1.27% 1
Cash & Equivalents
5.13% -462.00% 275.92% 14.70% 3
Derivative
0.00% -106.77% 65.32% 3.97% 4

Bond Geographic Breakdown

Weighting Category Low Category High AABOX % Rank Quintile
US
93.19% -370.09% 500.82% 5.90% 1
Non US
1.69% -440.41% 351.70% 28.64% 5

AABOX - Expenses

Operational Fees

AABOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.91% 0.00% 44.72% 9.63% 3
Management Fee 0.20% 0.00% 2.15% 3.97% 1
12b-1 Fee 0.25% 0.00% 1.00% 1.98% 3
Administrative Fee 0.08% 0.00% 0.63% 2.86% 2

Sales Fees

AABOX Fees (% of AUM) Category Low Category High AABOX Rank Quintile
Front Load 2.00% 0.00% 5.75% 4.39% 1
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

AABOX Fees (% of AUM) Category Low Category High AABOX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AABOX Fees (% of AUM) Category Low Category High AABOX Rank Quintile
Turnover 79.00% 0.00% 1576.00% 11.76% 3

AABOX - Distributions

Dividend Yield Analysis

AABOX Category Low Category High AABOX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.35% 24.08% 4

Dividend Distribution Analysis

AABOX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AABOX Category Low Category High AABOX % Rank Quintile
Net Income Ratio 1.03% -1.56% 9.28% 17.83% 5

Capital Gain Distribution Analysis

AABOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AABOX - Managers

Russell Knox

Manager

Start Date

Jan 01, 2013

Tenure

5.67

Tenure Rank

5.8%

Mr. Knox is a Vice President and has been a fixed income fund manager at Cavanal Hill Investment Management since 2005. Before joining the Adviser, Mr. Knox was a graduate assistant in Oklahoma State University’s finance department. Mr. Knox also interned with Citigroup Global Markets’ Yield Book desk. Mr. Knox holds the Chartered Financial Analyst® designation.


Michael P. Maurer

Manager

Start Date

Dec 31, 2003

Tenure

14.68

Tenure Rank

1.6%

Michael Maurer joined Cavanal Hill in 2002 as a Portfolio Manager and member of the Fixed Income Management team. Mr. Maurer is responsible for the execution of the taxable fixed income process and contributes to Cavanal Hill's macroeconomic analysis. In 2005, Lipper presented Mr. Maurer with a Performance Achievement Certificate for his #1 ranked mutual fund performance in the short-intermediate investment grade peer group. Prior to joining Cavanal Hill, Mr. Maurer worked as a senior high-grade and high-yield corporate bond trader with AG Edwards & Sons for nine years. While at AG Edwards, Mr. Maurer was promoted to Fixed Income Strategist and presented insightful analysis on the fixed income markets. Mr. Maurer received his Chartered Financial Analyst designation in 2004 and a Bachelor of Science in Finance and Management in 1993 and a Masters in Business Administration in 1997 from Saint Louis University.


Tenure Analysis

Category Low

0.0

Category High

29.6

Category Average

6.52

Category Mode

3.6