AIBNX: Cavanal Hill Bond Fund - MutualFunds.com

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Cavanal Hill Bond Institutional

AIBNX - Snapshot

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $96.6 M
  • Holdings in Top 10 38.0%

52 WEEK LOW AND HIGH

$10.02
$9.47
$10.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Compare AIBNX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$87.70

+0.13%

$291.23 B

2.60%

$2.28

4.73%

0.04%

$11.57

+0.17%

$291.23 B

2.53%

$0.29

4.71%

0.15%

$11.49

+0.17%

$202.43 B

2.62%

$0.30

4.36%

0.09%

$11.58

0.00%

$89.35 B

2.40%

$0.28

5.85%

0.67%

$117.47

+0.15%

$80.80 B

2.59%

$3.04

4.68%

0.05%

AIBNX - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.51%
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
    Dec 29, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael 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, collateralized mortgage obligations and fixed income ETFs. The fund also invests in money market instruments.


AIBNX - Performance

Return Ranking - Trailing

Period AIBNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -11.8% 946.6% 65.52%
1 Yr 6.1% -4.3% 17.5% 67.30%
3 Yr 4.7%* 0.9% 8.4% 61.79%
5 Yr 3.3%* 0.8% 8.2% 86.97%
10 Yr 3.8%* 1.3% 7.7% 49.22%

* Annualized

Return Ranking - Calendar

Period AIBNX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -1.7% 13.9% 70.82%
2018 -2.0% -10.3% 2.7% 10.29%
2017 0.5% -49.5% 8.1% 85.83%
2016 -1.1% -49.3% 192.8% 91.66%
2015 -1.6% -12.2% 0.2% 11.89%

Total Return Ranking - Trailing

Period AIBNX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -11.8% 948.6% 66.19%
1 Yr 6.1% -8.3% 17.5% 56.18%
3 Yr 4.7%* 0.2% 8.4% 54.58%
5 Yr 3.3%* 0.5% 8.2% 81.94%
10 Yr 3.8%* 1.3% 7.7% 45.74%

* Annualized

Total Return Ranking - Calendar

Period AIBNX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -1.7% 13.9% 73.31%
2018 -2.0% -10.3% 3.9% 27.19%
2017 0.5% -6.0% 8.4% 90.13%
2016 -0.9% -22.1% 204.3% 93.32%
2015 -1.6% -12.2% 3.7% 31.33%

NAV & Total Return History


AIBNX - Holdings

Concentration Analysis

AIBNX Category Low Category High AIBNX % Rank
Net Assets 96.6 M 3.15 M 291 B 88.52%
Number of Holdings 179 1 18357 86.40%
Net Assets in Top 10 35.1 M -1.18 B 39.4 B 83.53%
Weighting of Top 10 37.95% 2.9% 100.0% 29.43%

Top 10 Holdings

  1. United States Treasury Bonds 2.25% 7.78%
  2. United States Treasury Notes 1.38% 7.01%
  3. Cavanal Hill Government Secs MMkt Sel 5.65%
  4. United States Treasury Notes 2.25% 4.45%
  5. United States Treasury Notes 2% 4.06%
  6. GEORGIA ST 4.5% 2.31%
  7. UNIVERSITY OKLA REVS 3.87% 1.94%
  8. AT&T Inc 5.25% 1.65%
  9. Apple Inc. 3.2% 1.58%
  10. Bank of America Corporation 3.55% 1.51%

Asset Allocation

Weighting Return Low Return High AIBNX % Rank
Bonds
94.31% -57.43% 231.55% 52.91%
Cash
5.66% -139.87% 163.89% 35.71%
Convertible Bonds
0.04% 0.00% 11.80% 84.92%
Stocks
0.00% -2.10% 10.27% 80.98%
Preferred Stocks
0.00% 0.00% 80.56% 84.83%
Other
0.00% -11.86% 7.38% 71.42%

Bond Sector Breakdown

Weighting Return Low Return High AIBNX % Rank
Corporate
29.28% 0.00% 88.42% 57.08%
Securitized
27.94% 0.00% 98.79% 61.42%
Government
26.37% 0.00% 80.09% 31.91%
Municipal
10.75% 0.00% 80.09% 3.33%
Cash & Equivalents
5.66% 0.00% 92.47% 47.92%
Derivative
0.00% 0.00% 23.62% 85.20%

Bond Geographic Breakdown

Weighting Return Low Return High AIBNX % Rank
US
92.51% -57.66% 239.68% 22.11%
Non US
1.80% -140.55% 76.80% 89.92%

AIBNX - Expenses

Operational Fees

AIBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.01% 21.33% 52.17%
Management Fee 0.20% 0.00% 0.85% 10.77%
12b-1 Fee N/A 0.00% 1.00% 18.63%
Administrative Fee 0.08% 0.01% 0.50% 45.21%

Sales Fees

AIBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AIBNX 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.

AIBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 3.00% 489.00% 12.42%

AIBNX - Distributions

Dividend Yield Analysis

AIBNX Category Low Category High AIBNX % Rank
Dividend Yield 0.00% 0.00% 4.08% 79.63%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AIBNX Category Low Category High AIBNX % Rank
Net Income Ratio 2.51% -0.35% 11.28% 61.26%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

AIBNX - Fund Manager Analysis

Managers

Michael Maurer


Start Date

Tenure

Tenure Rank

Dec 31, 2003

16.76

16.8%

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

7.75

7.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 31.76 6.86 1.25