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AABOX Cavanal Hill Bond A

  • Fund
  • AABOX
  • Price as of: Jul 15, 2019
  • $9.55 - $0.00 - 0.00%
  • Category
  • Total Bond Market

AABOX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $105 M
  • Holdings in Top 10 34.8%

52 WEEK LOW AND HIGH

$9.55
$9.03
$9.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

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 Core Bond

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.92%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Michael P. Maurer

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 (%)
YTD 3.5% -3.3% 12.1% 53.99%
1 Yr 3.7% -16.1% 8.0% 27.46%
3 Yr -0.7%* -4.3% 44.5% 87.26%
5 Yr 0.0%* -6.2% 23.8% 19.17%
10 Yr N/A* -7.3% 15.9% N/A

* Annualized


Return Ranking - Calendar

Period AABOX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -22.2% 3.1% 31.58%
2017 0.5% -5.1% 25.1% 62.75%
2016 -1.0% -8.5% 192.8% 93.17%
2015 -1.6% -33.0% 3.0% 30.21%
2014 3.0% -29.8% 32.1% 18.07%

Total Return Ranking - Trailing

Period AABOX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -3.3% 12.5% 54.65%
1 Yr 3.7% -16.1% 10.5% 32.91%
3 Yr -0.6%* -4.3% 49.6% 91.18%
5 Yr 0.1%* -3.8% 28.8% 39.12%
10 Yr N/A* -7.3% 18.6% N/A

* Annualized


Total Return Ranking - Calendar

Period AABOX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.0% -22.2% 7.9% 41.68%
2017 0.5% -4.6% 25.1% 69.34%
2016 -0.8% -4.1% 204.3% 94.07%
2015 -1.6% -32.4% 4.2% 44.21%
2014 3.0% -29.8% 32.1% 32.04%

NAV & Total Return History

AABOX - Holdings

Concentration Analysis

AABOX Category Low Category High AABOX % Rank
Net Assets 105 M 337 K 218 B 88.77%
Number of Holdings 181 3 17333 82.38%
Net Assets in Top 10 36.1 M -1.98 B 29.3 B 80.52%
Weighting of Top 10 34.79% 4.0% 1674.7% 35.37%

Top 10 Holdings

  1. United States Treasury Bonds 2.25% 9.05%

  2. United States Treasury Notes 2.25% 3.92%

  3. United States Treasury Notes 0.38% 3.70%

  4. United States Treasury Notes 0.88% 3.59%

  5. United States Treasury Notes 2.25% 3.53%

  6. United States Treasury Notes 1.38% 3.39%

  7. GEORGIA ST 4.5% 2.27%

  8. Federal National Mortgage Association 0% 1.93%

  9. DALLAS TEX INDPT SCH DIST 6.45% 1.74%

  10. Federal Home Loan Mortgage Corporation 0% 1.68%


Asset Allocation

Weighting Return Low Return High AABOX % Rank
Bonds
95.74% 0.00% 394.27% 45.41%
Cash
4.27% -539.21% 80.58% 44.95%
Stocks
0.00% -0.99% 97.68% 75.00%
Preferred Stocks
0.00% 0.00% 20.33% 76.20%
Other
0.00% -98.58% 236.55% 69.28%
Convertible Bonds
0.00% 0.00% 18.42% 90.16%

Bond Sector Breakdown

Weighting Return Low Return High AABOX % Rank
Government
38.35% -74.72% 316.66% 21.01%
Securitized
30.73% 0.00% 103.00% 55.05%
Corporate
14.39% 0.00% 127.23% 89.16%
Municipal
12.26% 0.00% 102.07% 2.53%
Cash & Equivalents
4.27% -532.79% 80.58% 41.69%
Derivative
0.00% -234.33% 54.22% 60.37%

Bond Geographic Breakdown

Weighting Return Low Return High AABOX % Rank
US
94.58% 0.00% 219.16% 16.16%
Non US
1.16% -108.37% 244.34% 91.82%

AABOX - Expenses

Operational Fees

AABOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.00% 38.42% 51.60%
Management Fee 0.20% 0.00% 2.15% 8.57%
12b-1 Fee 0.25% 0.00% 1.00% 45.49%
Administrative Fee 0.08% 0.00% 0.63% 38.91%

Sales Fees

AABOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 0.50% 5.75% 90.77%
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

AABOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 79.00% 0.00% 2337.00% 50.47%

AABOX - Distributions

Dividend Yield Analysis

AABOX Category Low Category High AABOX % Rank
Dividend Yield 0.01% 0.00% 8.54% 83.92%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AABOX Category Low Category High AABOX % Rank
Net Income Ratio 1.92% -2.82% 7.22% 73.80%

Capital Gain Distribution Analysis

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

AABOX - Managers

Michael P. Maurer

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2003

15.51

15.5%

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.


Russell Knox

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2013

6.5

6.5%

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.


Tenure Analysis

Category Low

0.66

Category High

30.51

Category Average

9.5

Category Mode

12.59