AAIBX: Cavanal Hill Moderate Duration Fund - MutualFunds.com
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Cavanal Hill Moderate Duration A

AAIBX - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 3.3%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $31.7 M
  • Holdings in Top 10 40.2%

52 WEEK LOW AND HIGH

$10.81
$10.23
$10.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load 2.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 83.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare AAIBX to Popular U.S. Short-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.02

0.00%

$72.47 B

2.23%

$0.25

-0.09%

-

$82.79

-0.05%

$61.16 B

1.79%

$1.48

-0.13%

-

$10.86

0.00%

$61.16 B

-

$0.00

-0.09%

-

$4.22

0.00%

$56.26 B

2.86%

$0.12

0.24%

-

$83.13

-0.02%

$42.95 B

2.27%

$1.89

-0.14%

-

AAIBX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.79%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Cavanal Hill Moderate Duration 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 Maurer

Fund Description

The fund invests primarily in debt obligations such as bonds, notes and debentures, and bills issued by U.S. corporations or the U.S. government, its agencies, or instrumentalities, municipal securities, mortgage-backed securities, asset-backed securities, collateralized mortgage obligations and fixed income ETFs. It invests at least 80% of its net assets in bonds and maintains an average portfolio duration between three and five years.


AAIBX - Performance

Return Ranking - Trailing

Period AAIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -1.6% 2.1% 70.54%
1 Yr 4.0% -4.6% 8.1% 44.11%
3 Yr 3.3%* 0.7% 5.4% 39.14%
5 Yr 2.6%* 0.9% 6.0% 50.00%
10 Yr 3.5%* 0.3% 4.4% 3.13%

* Annualized

Return Ranking - Calendar

Period AAIBX Return Category Return Low Category Return High Rank in Category (%)
2020 2.4% -23.0% 206.3% 30.68%
2019 2.5% -2.4% 5.0% 23.88%
2018 -0.8% -50.6% 1.0% 27.33%
2017 1.2% -1.6% 2.8% 4.66%
2016 -1.3% -65.8% 7.1% 96.20%

Total Return Ranking - Trailing

Period AAIBX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -1.6% 2.1% 70.54%
1 Yr 1.9% -6.3% 8.1% 80.30%
3 Yr 2.6%* -0.4% 5.4% 71.45%
5 Yr 2.2%* 0.2% 6.0% 70.00%
10 Yr 3.3%* 0.2% 4.4% 4.10%

* Annualized

Total Return Ranking - Calendar

Period AAIBX Return Category Return Low Category Return High Rank in Category (%)
2020 2.4% -23.0% 206.3% 30.68%
2019 2.5% -2.3% 7.2% 24.96%
2018 -0.8% -4.2% 6.5% 36.05%
2017 1.2% -1.6% 5.9% 18.22%
2016 -1.3% -65.2% 10.7% 97.54%

NAV & Total Return History


AAIBX - Holdings

Concentration Analysis

AAIBX Category Low Category High AAIBX % Rank
Net Assets 31.7 M 4.42 M 72.5 B 94.53%
Number of Holdings 176 3 4692 75.21%
Net Assets in Top 10 12.6 M -153 M 7.31 B 91.51%
Weighting of Top 10 40.19% 2.3% 100.0% 19.35%

Top 10 Holdings

  1. Cavanal Hill Government Secs MMkt Sel 10.98%
  2. United States Treasury Notes 1.38% 8.67%
  3. United States Treasury Notes 2% 6.74%
  4. United States Treasury Bills 0% 3.19%
  5. Keurig Dr Pepper Inc 3.2% 2.16%
  6. Toyota Motor Credit Corporation 1.35% 2.13%
  7. RIVERSIDE CALIF UNI SCH DIST 2.27% 2.03%
  8. United States Treasury Notes 0.5% 2.00%
  9. Preferred Term Securities XX, Ltd. 0% 1.86%
  10. Bank of America Corporation 3.55% 1.74%

Asset Allocation

Weighting Return Low Return High AAIBX % Rank
Bonds
83.41% 32.11% 171.18% 91.35%
Cash
15.52% -74.00% 66.46% 7.49%
Convertible Bonds
1.06% 0.00% 22.69% 63.89%
Stocks
0.00% -1.00% 6.71% 98.34%
Preferred Stocks
0.00% 0.00% 47.96% 99.33%
Other
0.00% -6.41% 20.42% 94.68%

Bond Sector Breakdown

Weighting Return Low Return High AAIBX % Rank
Securitized
28.58% 0.00% 88.90% 49.75%
Corporate
26.15% 0.00% 99.95% 70.72%
Cash & Equivalents
15.52% 0.00% 66.46% 18.80%
Government
15.41% 0.00% 76.57% 55.07%
Municipal
14.34% 0.00% 22.58% 0.67%
Derivative
0.00% 0.00% 26.94% 97.84%

Bond Geographic Breakdown

Weighting Return Low Return High AAIBX % Rank
US
82.23% 0.00% 135.33% 40.43%
Non US
1.18% -19.58% 82.71% 96.67%

AAIBX - Expenses

Operational Fees

AAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.01% 34.57% 27.13%
Management Fee 0.20% 0.00% 1.19% 18.87%
12b-1 Fee 0.25% 0.00% 1.00% 57.45%
Administrative Fee N/A 0.01% 0.50% 44.46%

Sales Fees

AAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 1.00% 5.75% 86.67%
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

AAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

AAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.00% 0.00% 496.37% 55.03%

AAIBX - Distributions

Dividend Yield Analysis

AAIBX Category Low Category High AAIBX % Rank
Dividend Yield 0.00% 0.00% 2.73% 98.51%

Dividend Distribution Analysis

AAIBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AAIBX Category Low Category High AAIBX % Rank
Net Income Ratio 1.79% -9.96% 4.42% 69.45%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

AAIBX - Fund Manager Analysis

Managers

Michael Maurer


Start Date

Tenure

Tenure Rank

Dec 31, 2003

17.01

17.0%

Michael Maurer joined Cavanal Hill in 2002 as a Portfolio Manager and member of the Fixed Income Management team and senior vice president. 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 August 1993 to October 2002.While at AG Edwards, Mr. Maurer was promoted to Fixed Income Strategist and presented insightful analysis on the fixed income markets. He also performed as a market analyst/debt strategist for A.G. Edwards. 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


Start Date

Tenure

Tenure Rank

Jan 01, 2013

8.0

8.0%

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 Category High Category Average Category Mode
0.06 27.92 5.87 1.0