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AACBX Cavanal Hill Active Core C

  • Fund
  • AACBX
  • Price as of: Apr 18, 2019
  • $13.16
  • + $0.02
  • + 0.15%
  • Category
  • Uncategorized

AACBX - Profile

Vitals

  • YTD Return 9.3%
  • 3 Yr Annualized Return 5.6%
  • 5 Yr Annualized Return 4.5%
  • Net Assets $47 M
  • Holdings in Top 10 22.3%

52 WEEK LOW AND HIGH

$13.16
$11.71
$14.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.07%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.54%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Cavanal Hill Active Core Fund
  • Fund Family Name Cavanal Hill funds
  • Inception Date Dec 31, 2014
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Thomas W. Verdel

Fund Description

The fund normally invests between 40% and 75% of its net assets in equity securities and at least 25% of its net assets in fixed income securities that are "investment grade," rated at the time of purchase 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 Trusts Board of Trustees to be of comparable quality. The equity portion of the fund consists of investments in companies of all market capitalization, including large, mid and small.

AACBX - Performance

Return Ranking - Trailing

Period AACBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.3% -100.0% 255.6% 26.03% 2
1 Yr 3.3% -100.0% 130.8% 37.47% 2
3 Yr 5.6% * -100.0% 35.2% 43.95% 3
5 Yr 4.5% * -100.0% 31.2% 48.71% 3
10 Yr 8.8% * -100.0% 26.4% 43.39% 3

* Annualized


Return Ranking - Calendar

Period AACBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.7% -99.4% 17840.0% 49.55% 4
2017 5.7% -78.9% 256.0% 33.95% 2
2016 1.4% -75.8% 9900.0% 39.92% 3
2015 -6.5% -100.0% 102.9% 31.92% 5
2014 N/A -100.0% 52.5% N/A N/A

Total Return Ranking - Trailing

Period AACBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.3% -100.0% 255.6% 27.70% 2
1 Yr 2.3% -100.0% 85.0% 42.28% 3
3 Yr 5.6% * -100.0% 35.2% 43.42% 3
5 Yr 4.5% * -100.0% 35.0% 49.56% 3
10 Yr 8.8% * -100.0% 57.7% 53.29% 3

* Annualized


Total Return Ranking - Calendar

Period AACBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.7% -99.4% 9900.0% 50.50% 4
2017 5.7% -78.9% 256.0% 34.67% 2
2016 2.0% -75.8% 1566.8% 45.65% 3
2015 -1.4% -100.0% 368.4% 28.29% 4
2014 N/A -100.0% 222.5% N/A N/A

NAV & Total Return History

AACBX - Holdings

Filings data as of: Nov 30, 2018

Concentration Analysis

AACBX Category Low Category High AACBX % Rank Quintile
Net Assets 47 M 0 773 B 40.02% 4
Number of Holdings 560 1 12343 3.98% 1
Net Assets in Top 10 11.1 M -1.14 B 135 B 41.76% 4
Weighting of Top 10 22.3% 0.0% 20474.3% 30.24% 4

Top 10 Holdings

  1. United States Treasury Bonds 2.25% 4.90%
  2. United States Treasury Notes 1.38% 2.06%
  3. United States Treasury Notes 2.25% 1.88%
  4. iShares MSCI Emerging Markets ETF 3.79%
  5. United States Treasury Notes 0.38% 1.81%
  6. United States Treasury Notes 2.25% 1.76%
  7. iShares MSCI EAFE ETF 2.27%
  8. Cavanal Hill World Energy Institutional 1.17%
  9. Apple Inc 1.68%
  10. Federal Home Loan Mortgage Corporation 0% 0.99%

Asset Allocation

Weighting Category Low Category High AACBX % Rank Quintile
Stocks
54.04% -139.64% 292.26% 18.13% 3
Bonds
42.13% -234.98% 334.49% 15.89% 2
Cash
3.82% -664.42% 7388.76% 16.09% 3
Other
0.01% -7288.76% 764.42% 9.42% 3
Preferred Stocks
0.00% -21.20% 79.25% 5.47% 5
Convertible Bonds
0.00% -0.37% 144.58% 5.11% 5

Stock Sector Breakdown

Weighting Category Low Category High AACBX % Rank Quintile
Technology
10.83% -12.25% 89.88% 17.97% 3
Financial Services
7.92% -13.54% 92.29% 21.15% 3
Healthcare
7.79% -9.85% 98.18% 15.15% 3
Industrials
6.37% -19.53% 100.00% 18.73% 3
Consumer Cyclical
5.93% -27.57% 78.32% 19.67% 4
Consumer Defense
4.42% -6.67% 66.36% 14.71% 3
Energy
3.94% -10.34% 174.34% 13.97% 3
Real Estate
2.29% -8.52% 100.00% 12.10% 3
Utilities
1.85% -11.62% 87.74% 10.07% 3
Basic Materials
1.40% -9.89% 99.95% 14.69% 4
Communication Services
1.26% -3.38% 39.72% 11.42% 3

Stock Geographic Breakdown

Weighting Category Low Category High AACBX % Rank Quintile
US
47.53% -139.64% 289.81% 17.19% 2
Non US
6.51% -35.82% 159.65% 20.52% 3

Bond Sector Breakdown

Weighting Category Low Category High AACBX % Rank Quintile
Government
16.19% -242.10% 276.84% 8.18% 1
Securitized
13.18% -0.42% 331.51% 5.62% 1
Corporate
7.07% -87.37% 261.62% 16.07% 2
Municipal
5.68% 0.00% 167.71% 5.27% 1
Cash & Equivalents
3.83% -667.27% 7388.76% 16.32% 3
Derivative
0.00% -154.56% 64.95% 2.34% 5

Bond Geographic Breakdown

Weighting Category Low Category High AACBX % Rank Quintile
US
41.30% -262.85% 668.05% 14.62% 2
Non US
0.83% -716.47% 232.23% 15.60% 2

AACBX - Expenses

Operational Fees

AACBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.07% -2.86% 1279.35% 10.19% 4
Management Fee 0.35% 0.00% 2.87% 2.25% 2
12b-1 Fee 1.00% 0.00% 1.00% 0.03% 5
Administrative Fee 0.08% 0.00% 465000.00% 1.73% 3

Sales Fees

AACBX Fees (% of AUM) Category Low Category High AACBX Rank Quintile
Front Load N/A 0.00% 25.00% N/A N/A
Deferred Load 1.00% 0.50% 6.00% 1.05% 4

Trading Fees

AACBX Fees (% of AUM) Category Low Category High AACBX Rank Quintile
Max Redemption Fee N/A 0.00% 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.

AACBX Fees (% of AUM) Category Low Category High AACBX Rank Quintile
Turnover 37.00% 0.00% 12930.00% 9.40% 2

AACBX - Distributions

Dividend Yield Analysis

AACBX Category Low Category High AACBX % Rank Quintile
Dividend Yield 0.2% 0.00% 107.25% 30.23% 4

Dividend Distribution Analysis

AACBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Daily Annually

Dividend Payout History


Net Income Ratio Analysis

AACBX Category Low Category High AACBX % Rank Quintile
Net Income Ratio 0.54% -6.90% 11.58% 10.24% 4

Capital Gain Distribution Analysis

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

AACBX - Managers

Thomas W. Verdel

Manager

Start Date

Dec 31, 2015

Tenure

3.25

Tenure Rank

4.9%

Thomas Wesley Verdel manages the investment team that conducts the quantitative equity research or Cavanal Hill Investment Management.  He provides quantitative analysis and investment management for the Cavanal Hill World Energy Fund.  Mr. Verdel received a Bachelor of Science Degree in Electrical Engineering and a Bachelor of Science Degree in Mathematics, both conferred Magna Cum Laude, from Oklahoma State University.  In 2003, he earned a Master of Science Degree in Electrical Engineering from Yale University.  In 2005, he acquired a Master of Science Degree in Finance from the University of Tulsa.  Mr. Verdel is a CFA charterholder.


Matt C. Stephani

Manager

Start Date

Dec 31, 2015

Tenure

3.25

Tenure Rank

4.9%

Mr. Stephani is responsible for conducting research for and overseeing the execution of Cavanal Hill's tax-efficient large and mid-capitalization core equity strategies. Prior to joining Cavanal Hill Investment Management, Inc., Mr. Stephani was a Senior Vice President and a Portfolio Manager at Great Companies, LLC for five years. At Great Companies, Mr. Stephani managed four large capitalization equity strategies and was the lead analyst for the healthcare, software and industrial sectors. Mr. Stephani started his career in 1995 at Deloitte & Touche as a Senior Accountant and subsequently


J. Brian Henderson

Manager

Start Date

Dec 30, 2005

Tenure

13.26

Tenure Rank

1.6%

J. Brian Henderson serves as Cavanal Hill's President and Chief Investment Officer - Fixed Income. Mr. Henderson oversees Cavanal Hill's Fixed Income Management team and is responsible for the execution of the taxable fixed income process. Mr. Henderson established Cavanal Hill's fixed income philosophy and process in 1993 while serving as the firm's Director of Fixed Income Strategy and as a Portfolio Manager for the taxable and tax-exempt fixed income and money market strategies. Lipper has presented Mr. Henderson with Performance Achievement Certificates for the #1 mutual fund performance rankings six times from 1998-2006. Under Mr. Hendersons leadership, Cavanal Hill's fixed income teams investment performance has been highlighted in several national publications including the Wall Street Transcript, Kiplinger, USA Today, S&P Research, Wealth Magazine, and by Morningstar. Prior to joining Cavanal Hill, Mr. Henderson was the Head Taxable Fixed Income Trader for BOK Financials Capital Markets group. Mr. Henderson is a CFA Charter holder and has served as a CFA exam grader and past President and Board member of the local CFA society. Mr. Henderson received a Bachelor of Business Administration in Finance from Southern Methodist University in 1989.


Michael P. Maurer

Manager

Start Date

Dec 30, 2005

Tenure

13.26

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

56.0

Category Average

4.63

Category Mode

4.3