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AATFX Cavanal Hill Intermediate Tx-Fr Bd A

  • Fund
  • AATFX
  • Price as of: May 30, 2018
  • $10.47
  • - $0.01
  • - 0.05%
  • Category
  • National Munis

AATFX - Profile

Vitals

  • YTD Return -4.2%
  • 3 Yr Annualized Return 0.5%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $9.74 M
  • Holdings in Top 10 26.9%

52 WEEK LOW AND HIGH

$10.47
$10.47
$10.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.03%

SALES FEES

  • Front Load 2.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2018-03-21

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Cavanal Hill Intermediate Tax-Free 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 Richard A. Williams

Fund Description

To pursue its objective, under normal circumstances, the fund invests in municipal bonds and debentures. It invests at least 80% of its net assets in tax-free bonds and maintains a dollar-weighted average maturity between three to ten years.

AATFX - Performance

Return Ranking - Trailing

Period AATFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -4.2% -13.2% 99.4% 63.43% 5
1 Yr -0.9% -5.8% 10.7% 70.68% 4
3 Yr 0.5% * -4.5% 7.0% 82.13% 5
5 Yr 0.7% * -0.6% 5.8% 86.69% 5
10 Yr 2.8% * 0.0% 7.7% 71.78% 4

* Annualized


Return Ranking - Calendar

Period AATFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.1% -5.3% 5.6% 60.14% 5
2016 -2.4% -8.5% 7.3% 31.97% 3
2015 -1.1% -10.9% 8.8% 56.24% 5
2014 1.7% -10.3% 12.0% 47.64% 4
2013 -4.5% -11.9% 8.7% 31.29% 3

Total Return Ranking - Trailing

Period AATFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -4.2% -13.2% 99.4% 63.11% 5
1 Yr -2.9% -8.9% 8.9% 75.57% 4
3 Yr -0.2% * -5.4% 7.0% 88.49% 5
5 Yr 0.3% * -1.5% 5.8% 92.47% 5
10 Yr 2.6% * 0.0% 7.7% 73.65% 4

* Annualized


Total Return Ranking - Calendar

Period AATFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.1% -5.3% 5.6% 60.47% 5
2016 -2.4% -8.2% 7.3% 37.95% 3
2015 -1.1% -9.7% 9.3% 64.62% 5
2014 1.7% -10.3% 17.0% 50.61% 4
2013 -4.4% -11.9% 8.9% 38.39% 3

NAV & Total Return History

AATFX - Holdings

Filings data as of: Feb 28, 2018

Concentration Analysis

AATFX Category Low Category High AATFX % Rank Quintile
Net Assets 9.74 M 491 K 58.1 B 40.74% 5
Number of Holdings 54 1 7949 32.74% 5
Net Assets in Top 10 7.98 M -275 M 1.74 B 37.74% 5
Weighting of Top 10 26.9% 0.0% 100.0% 4.68% 1

Top 10 Holdings

  1. DOUGLAS CNTY COLO SCH DIST NO RE-1 DOUGLAS & ELBERT CNTYS 5.25% 2.99%
  2. GARLAND TEX 5% 2.94%
  3. KERR CNTY TEX 4% 2.69%
  4. SOUTH CAROLINA ST 4% 2.68%
  5. MINNESOTA ST 4% 2.64%
  6. UPPER DUBLIN PA SCH DIST 4.75% 2.63%
  7. WILLIAMSON CNTY TEX 5% 2.61%
  8. FAIRFAX CNTY VA 4% 2.60%
  9. GUILFORD CNTY N C 4% 2.59%
  10. NEWARK CULTURAL ED FACS FIN CORP TEX 4% 2.55%

Asset Allocation

Weighting Category Low Category High AATFX % Rank Quintile
Bonds
99.63% 0.00% 202.21% 5.15% 2
Cash
0.37% -110.85% 100.00% 25.81% 4
Stocks
0.00% 0.00% 0.32% 0.97% 5
Preferred Stocks
0.00% 0.00% 10.00% 0.81% 5
Other
0.00% -2.77% 28.44% 5.65% 5
Convertible Bonds
0.00% 0.00% 2.31% 0.97% 5

Bond Sector Breakdown

Weighting Category Low Category High AATFX % Rank Quintile
Municipal
99.63% 0.00% 120.12% 5.32% 2
Cash & Equivalents
0.37% -110.85% 100.00% 25.32% 4
Derivative
0.00% -5.91% 0.85% 0.48% 5
Securitized
0.00% 0.00% 41.80% 2.42% 5
Corporate
0.00% 0.00% 41.51% 5.16% 5
Government
0.00% -20.52% 117.34% 6.29% 5

Bond Geographic Breakdown

Weighting Category Low Category High AATFX % Rank Quintile
US
99.63% 0.00% 202.21% 4.68% 1
Non US
0.00% 0.00% 26.08% 13.55% 5

AATFX - Expenses

Operational Fees

AATFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.03% 0.08% 4.60% 13.04% 4
Management Fee 0.20% 0.00% 0.65% 5.96% 1
12b-1 Fee 0.25% 0.00% 1.00% 4.40% 3
Administrative Fee 0.08% 0.00% 0.35% 5.59% 2

Sales Fees

AATFX Fees (% of AUM) Category Low Category High AATFX Rank Quintile
Front Load 2.00% 0.50% 5.75% 9.09% 1
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

AATFX Fees (% of AUM) Category Low Category High AATFX 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.

AATFX Fees (% of AUM) Category Low Category High AATFX Rank Quintile
Turnover 31.00% 0.00% 504.54% 11.43% 3

AATFX - Distributions

Dividend Yield Analysis

AATFX Category Low Category High AATFX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.01% 22.93% 3

Dividend Distribution Analysis

AATFX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AATFX Category Low Category High AATFX % Rank Quintile
Net Income Ratio 2.26% 0.01% 5.26% 23.83% 3

Capital Gain Distribution Analysis

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

AATFX - Managers

Richard A. Williams

Manager

Start Date

Dec 30, 2005

Tenure

12.34

Tenure Rank

6.6%

Mr. Williams is a Senior Vice President and has been a tax-free fund manager for Cavanal Hill Investment Management since 2005. Before joining the Adviser, Mr. Williams was a senior portfolio manager for AMR Investments from August 2000 to March 2005. He began his career on the money market trading desk at Fidelity Investments in Dallas, Texas and has also worked for Koch Industries and Automatic Data Processing.


Tenure Analysis

Category Low

0.0

Category High

39.1

Category Average

8

Category Mode

0.5