Limited Duration Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.5%
1 yr return
4.3%
3 Yr Avg Return
0.1%
5 Yr Avg Return
1.4%
Net Assets
$31.5 M
Holdings in Top 10
32.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AISTX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.47%
- Dividend Yield 2.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLimited Duration Fund
-
Fund Family NameCavanal Hill funds
-
Inception DateJan 04, 2006
-
Shares Outstanding4851354
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Maurer
Fund Description
To pursue its objective, under normal circumstances, the Fund 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 and fixed income ETFs. Such debt obligations are “investment grade,” 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. The Fund also invests in money market instruments.
If the rating of a security is downgraded after purchase, the portfolio management team will determine whether it is in the best interest of the Fund’s shareholders to continue to hold the security. In making that determination, the factors considered at the time of purchase are reviewed. The Fund does not apply an automatic sale trigger.
In managing the portfolio, the portfolio management team searches for inefficiencies not only at the macro, or top down level, but also at the individual security level. Purchase and sale decisions are based on the Adviser’s judgment about issuers, risk, prices of securities, market conditions, potential returns, and other economic factors.
Under normal circumstances, the Fund invests at least 80% of its net assets in bonds and maintains an average portfolio duration of less than three and one-half years. These policies will not be changed without at least 60 days prior notice to shareholders. In addition, the Fund normally invests at least 65% of its net assets in interest-bearing bonds.
Duration provides a measure of a fund’s sensitivity to changes in interest-rates. In general, the longer a fund’s duration, the more its price will fluctuate when interest rates change. A fund with a duration of 10 years is twice as sensitive to interest rate changes as a fund with a five-year duration. A fund with a five-year duration would generally be expected to lose 5% from its net asset value if interest rates rose by one percentage point or gain 5% if interest rates fell by one percentage point.
AISTX - Performance
Return Ranking - Trailing
Period | AISTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.5% | -3.2% | 12.2% | 25.45% |
1 Yr | 4.3% | -2.5% | 26.2% | 37.70% |
3 Yr | 0.1%* | -6.5% | 4.3% | 51.96% |
5 Yr | 1.4%* | -4.2% | 4.7% | 56.57% |
10 Yr | 1.4%* | -19.2% | 169.8% | 48.13% |
* Annualized
Return Ranking - Calendar
Period | AISTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.4% | -5.4% | 7.6% | 34.67% |
2022 | -7.7% | -17.7% | -2.6% | 67.35% |
2021 | -2.0% | -4.0% | 4.4% | 73.18% |
2020 | 2.1% | -8.3% | 7.6% | 39.22% |
2019 | 1.7% | -2.3% | 9.3% | 65.79% |
Total Return Ranking - Trailing
Period | AISTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.5% | -3.2% | 12.2% | 25.45% |
1 Yr | 4.3% | -2.5% | 26.2% | 37.70% |
3 Yr | 0.1%* | -6.5% | 4.3% | 51.96% |
5 Yr | 1.4%* | -4.2% | 4.7% | 56.57% |
10 Yr | 1.4%* | -19.2% | 169.8% | 48.13% |
* Annualized
Total Return Ranking - Calendar
Period | AISTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | -1.1% | 15.2% | 39.78% |
2022 | -5.5% | -17.3% | -1.3% | 64.75% |
2021 | -0.2% | -2.7% | 7.7% | 57.09% |
2020 | 4.2% | -4.4% | 14.5% | 50.00% |
2019 | 4.3% | 0.6% | 12.6% | 64.98% |
NAV & Total Return History
AISTX - Holdings
Concentration Analysis
AISTX | Category Low | Category High | AISTX % Rank | |
---|---|---|---|---|
Net Assets | 31.5 M | 14.5 K | 57.3 B | 94.91% |
Number of Holdings | 184 | 2 | 9251 | 78.00% |
Net Assets in Top 10 | 10.3 M | 993 K | 6.33 B | 95.64% |
Weighting of Top 10 | 32.77% | 1.8% | 108.7% | 33.64% |
Top 10 Holdings
- NEWREZ WAREHOUSE SECURITIZATION TRUST 4.26%
- WESTERN UNION CO THE 3.53%
- U S TREASURY NOTE 3.47%
- GOLDMAN SACHS GROUP INC THE 3.43%
- SOUTHTRUST BANK GEORGIA 3.41%
- CAVANAL HILL GOVERNMENT SECURITIES MONEY MARKET 3.12%
- BOEING CO THE 2.97%
- U S TREASURY NOTE 2.97%
- GOODGREEN 2020 1 TRUST 2.95%
- FEDERAL FARM CREDIT BANK 2.67%
Asset Allocation
Weighting | Return Low | Return High | AISTX % Rank | |
---|---|---|---|---|
Bonds | 96.49% | 0.00% | 130.36% | 21.82% |
Cash | 3.51% | -20.59% | 62.18% | 41.64% |
Stocks | 0.00% | 0.00% | 103.64% | 61.45% |
Preferred Stocks | 0.00% | 0.00% | 22.27% | 55.64% |
Other | 0.00% | -0.97% | 72.36% | 85.27% |
Convertible Bonds | 0.00% | 0.00% | 27.71% | 95.81% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AISTX % Rank | |
---|---|---|---|---|
Securitized | 65.55% | 0.00% | 97.27% | 1.64% |
Corporate | 10.28% | 0.00% | 100.00% | 95.08% |
Cash & Equivalents | 3.12% | 0.00% | 62.18% | 39.64% |
Municipal | 2.34% | 0.00% | 17.46% | 8.38% |
Government | 2.20% | 0.00% | 73.63% | 87.61% |
Derivative | 0.00% | -0.55% | 28.01% | 58.55% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AISTX % Rank | |
---|---|---|---|---|
US | 96.49% | 0.00% | 130.36% | 20.18% |
Non US | 0.00% | 0.00% | 83.16% | 58.36% |
AISTX - Expenses
Operational Fees
AISTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.96% | 0.01% | 3.24% | 28.26% |
Management Fee | 0.15% | 0.00% | 1.19% | 12.36% |
12b-1 Fee | N/A | 0.00% | 1.00% | 8.86% |
Administrative Fee | 0.08% | 0.01% | 0.50% | 47.81% |
Sales Fees
AISTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
AISTX 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.
AISTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 500.00% | 14.29% |
AISTX - Distributions
Dividend Yield Analysis
AISTX | Category Low | Category High | AISTX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.93% | 0.00% | 11.11% | 82.36% |
Dividend Distribution Analysis
AISTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
AISTX | Category Low | Category High | AISTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.47% | -1.27% | 4.98% | 33.27% |
Capital Gain Distribution Analysis
AISTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
May 01, 2024 | $0.022 | OrdinaryDividend |
Apr 01, 2024 | $0.023 | OrdinaryDividend |
Mar 01, 2024 | $0.022 | OrdinaryDividend |
Feb 01, 2024 | $0.024 | DailyAccrualFund |
Jan 01, 2024 | $0.023 | DailyAccrualFund |
Dec 01, 2023 | $0.024 | DailyAccrualFund |
Nov 01, 2023 | $0.024 | DailyAccrualFund |
Oct 01, 2023 | $0.024 | DailyAccrualFund |
Sep 01, 2023 | $0.024 | DailyAccrualFund |
Aug 01, 2023 | $0.024 | DailyAccrualFund |
Jul 01, 2023 | $0.023 | DailyAccrualFund |
Jun 01, 2023 | $0.023 | DailyAccrualFund |
May 01, 2023 | $0.022 | DailyAccrualFund |
Apr 01, 2023 | $0.023 | DailyAccrualFund |
Mar 01, 2023 | $0.021 | DailyAccrualFund |
Feb 01, 2023 | $0.023 | DailyAccrualFund |
Jan 03, 2023 | $0.023 | DailyAccrualFund |
Dec 01, 2022 | $0.022 | DailyAccrualFund |
Nov 01, 2022 | $0.020 | DailyAccrualFund |
Oct 03, 2022 | $0.019 | DailyAccrualFund |
Sep 01, 2022 | $0.018 | DailyAccrualFund |
Aug 01, 2022 | $0.016 | DailyAccrualFund |
Jul 01, 2022 | $0.015 | DailyAccrualFund |
Jun 01, 2022 | $0.015 | DailyAccrualFund |
May 02, 2022 | $0.013 | DailyAccrualFund |
Apr 01, 2022 | $0.012 | DailyAccrualFund |
Mar 01, 2022 | $0.013 | DailyAccrualFund |
Feb 01, 2022 | $0.014 | DailyAccrualFund |
Jan 03, 2022 | $0.014 | DailyAccrualFund |
Dec 01, 2021 | $0.015 | DailyAccrualFund |
Nov 01, 2021 | $0.014 | DailyAccrualFund |
Oct 01, 2021 | $0.013 | DailyAccrualFund |
Sep 01, 2021 | $0.013 | DailyAccrualFund |
Aug 02, 2021 | $0.013 | DailyAccrualFund |
Jul 01, 2021 | $0.013 | DailyAccrualFund |
Jun 01, 2021 | $0.014 | DailyAccrualFund |
May 03, 2021 | $0.013 | DailyAccrualFund |
Apr 01, 2021 | $0.014 | DailyAccrualFund |
Mar 01, 2021 | $0.014 | DailyAccrualFund |
Feb 01, 2021 | $0.015 | DailyAccrualFund |
Jan 04, 2021 | $0.014 | DailyAccrualFund |
Dec 01, 2020 | $0.014 | DailyAccrualFund |
Nov 02, 2020 | $0.014 | DailyAccrualFund |
Oct 01, 2020 | $0.014 | DailyAccrualFund |
Sep 01, 2020 | $0.014 | DailyAccrualFund |
Aug 03, 2020 | $0.016 | DailyAccrualFund |
Jul 01, 2020 | $0.014 | DailyAccrualFund |
Jun 01, 2020 | $0.013 | DailyAccrualFund |
May 01, 2020 | $0.013 | DailyAccrualFund |
Apr 01, 2020 | $0.016 | DailyAccrualFund |
Mar 02, 2020 | $0.017 | DailyAccrualFund |
Feb 03, 2020 | $0.018 | DailyAccrualFund |
Jan 02, 2020 | $0.019 | DailyAccrualFund |
Dec 02, 2019 | $0.019 | DailyAccrualFund |
Nov 01, 2019 | $0.020 | DailyAccrualFund |
Oct 01, 2019 | $0.020 | DailyAccrualFund |
Sep 02, 2019 | $0.021 | DailyAccrualFund |
Aug 01, 2019 | $0.020 | DailyAccrualFund |
Jun 03, 2019 | $0.020 | DailyAccrualFund |
May 01, 2019 | $0.020 | DailyAccrualFund |
Apr 01, 2019 | $0.021 | DailyAccrualFund |
Mar 01, 2019 | $0.019 | DailyAccrualFund |
Feb 01, 2019 | $0.021 | DailyAccrualFund |
Jan 02, 2019 | $0.019 | DailyAccrualFund |
Dec 03, 2018 | $0.019 | DailyAccrualFund |
Nov 01, 2018 | $0.019 | DailyAccrualFund |
Sep 04, 2018 | $0.019 | DailyAccrualFund |
Aug 01, 2018 | $0.019 | DailyAccrualFund |
Jul 02, 2018 | $0.018 | DailyAccrualFund |
Jun 01, 2018 | $0.019 | DailyAccrualFund |
May 01, 2018 | $0.017 | DailyAccrualFund |
Apr 02, 2018 | $0.018 | DailyAccrualFund |
Mar 01, 2018 | $0.016 | DailyAccrualFund |
Feb 01, 2018 | $0.015 | DailyAccrualFund |
Jan 02, 2018 | $0.015 | DailyAccrualFund |
Dec 29, 2017 | $0.036 | DailyAccrualFund |
Dec 01, 2017 | $0.015 | DailyAccrualFund |
Nov 01, 2017 | $0.015 | DailyAccrualFund |
Oct 02, 2017 | $0.014 | DailyAccrualFund |
Sep 01, 2017 | $0.014 | DailyAccrualFund |
Aug 01, 2017 | $0.014 | DailyAccrualFund |
Jul 03, 2017 | $0.013 | DailyAccrualFund |
Jun 01, 2017 | $0.013 | DailyAccrualFund |
May 01, 2017 | $0.012 | DailyAccrualFund |
Apr 03, 2017 | $0.011 | DailyAccrualFund |
Mar 01, 2017 | $0.012 | DailyAccrualFund |
Feb 01, 2017 | $0.012 | DailyAccrualFund |
Jan 03, 2017 | $0.013 | DailyAccrualFund |
Dec 01, 2016 | $0.012 | DailyAccrualFund |
Nov 01, 2016 | $0.012 | DailyAccrualFund |
Oct 03, 2016 | $0.012 | DailyAccrualFund |
Sep 01, 2016 | $0.011 | DailyAccrualFund |
Aug 01, 2016 | $0.012 | DailyAccrualFund |
Jul 01, 2016 | $0.012 | DailyAccrualFund |
Jun 01, 2016 | $0.012 | DailyAccrualFund |
May 02, 2016 | $0.012 | DailyAccrualFund |
Apr 01, 2016 | $0.013 | DailyAccrualFund |
Mar 01, 2016 | $0.012 | DailyAccrualFund |
Feb 01, 2016 | $0.011 | DailyAccrualFund |
Jan 04, 2016 | $0.013 | DailyAccrualFund |
Dec 01, 2015 | $0.012 | DailyAccrualFund |
Nov 02, 2015 | $0.011 | DailyAccrualFund |
Oct 01, 2015 | $0.010 | DailyAccrualFund |
Sep 01, 2015 | $0.009 | DailyAccrualFund |
Aug 03, 2015 | $0.010 | DailyAccrualFund |
Jul 01, 2015 | $0.010 | DailyAccrualFund |
Jun 01, 2015 | $0.010 | DailyAccrualFund |
May 01, 2015 | $0.010 | DailyAccrualFund |
Apr 01, 2015 | $0.010 | DailyAccrualFund |
Mar 02, 2015 | $0.010 | DailyAccrualFund |
Feb 02, 2015 | $0.009 | DailyAccrualFund |
Jan 02, 2015 | $0.009 | DailyAccrualFund |
Dec 01, 2014 | $0.008 | DailyAccrualFund |
Nov 03, 2014 | $0.008 | DailyAccrualFund |
Oct 01, 2014 | $0.008 | DailyAccrualFund |
Sep 02, 2014 | $0.009 | DailyAccrualFund |
Aug 01, 2014 | $0.009 | DailyAccrualFund |
Jul 01, 2014 | $0.008 | DailyAccrualFund |
Jun 02, 2014 | $0.009 | DailyAccrualFund |
May 01, 2014 | $0.009 | DailyAccrualFund |
Apr 01, 2014 | $0.010 | DailyAccrualFund |
Mar 03, 2014 | $0.010 | DailyAccrualFund |
Feb 03, 2014 | $0.011 | DailyAccrualFund |
Jan 02, 2014 | $0.013 | DailyAccrualFund |
Dec 02, 2013 | $0.012 | DailyAccrualFund |
Nov 01, 2013 | $0.013 | DailyAccrualFund |
Oct 01, 2013 | $0.013 | DailyAccrualFund |
Sep 03, 2013 | $0.012 | DailyAccrualFund |
Aug 01, 2013 | $0.011 | DailyAccrualFund |
Jul 01, 2013 | $0.011 | DailyAccrualFund |
Jun 03, 2013 | $0.012 | DailyAccrualFund |
May 01, 2013 | $0.012 | DailyAccrualFund |
Apr 01, 2013 | $0.013 | DailyAccrualFund |
Mar 01, 2013 | $0.013 | DailyAccrualFund |
Feb 01, 2013 | $0.014 | DailyAccrualFund |
Jan 02, 2013 | $0.014 | DailyAccrualFund |
Dec 03, 2012 | $0.014 | DailyAccrualFund |
Nov 01, 2012 | $0.014 | DailyAccrualFund |
Oct 01, 2012 | $0.014 | DailyAccrualFund |
Sep 01, 2012 | $0.020 | DailyAccrualFund |
Aug 01, 2012 | $0.020 | DailyAccrualFund |
Jul 02, 2012 | $0.020 | DailyAccrualFund |
Jun 01, 2012 | $0.021 | DailyAccrualFund |
May 01, 2012 | $0.021 | DailyAccrualFund |
Apr 02, 2012 | $0.021 | DailyAccrualFund |
Mar 01, 2012 | $0.022 | DailyAccrualFund |
Feb 01, 2012 | $0.021 | DailyAccrualFund |
Jan 03, 2012 | $0.023 | DailyAccrualFund |
Dec 01, 2011 | $0.021 | DailyAccrualFund |
Nov 01, 2011 | $0.022 | DailyAccrualFund |
Oct 03, 2011 | $0.022 | DailyAccrualFund |
Sep 01, 2011 | $0.022 | DailyAccrualFund |
Aug 01, 2011 | $0.022 | DailyAccrualFund |
Jul 01, 2011 | $0.022 | DailyAccrualFund |
Jun 01, 2011 | $0.022 | DailyAccrualFund |
May 02, 2011 | $0.022 | DailyAccrualFund |
Apr 01, 2011 | $0.023 | DailyAccrualFund |
Mar 01, 2011 | $0.023 | DailyAccrualFund |
Feb 01, 2011 | $0.024 | DailyAccrualFund |
Jan 03, 2011 | $0.026 | DailyAccrualFund |
Dec 01, 2010 | $0.026 | DailyAccrualFund |
Nov 01, 2010 | $0.028 | DailyAccrualFund |
Oct 01, 2010 | $0.027 | DailyAccrualFund |
Sep 01, 2010 | $0.030 | DailyAccrualFund |
Aug 02, 2010 | $0.050 | DailyAccrualFund |
Jul 01, 2010 | $0.032 | DailyAccrualFund |
Jun 01, 2010 | $0.031 | DailyAccrualFund |
May 03, 2010 | $0.030 | DailyAccrualFund |
Apr 01, 2010 | $0.033 | DailyAccrualFund |
Mar 01, 2010 | $0.035 | DailyAccrualFund |
Feb 01, 2010 | $0.036 | DailyAccrualFund |
Jan 04, 2010 | $0.037 | DailyAccrualFund |
Dec 01, 2009 | $0.035 | DailyAccrualFund |
Nov 02, 2009 | $0.032 | DailyAccrualFund |
Oct 01, 2009 | $0.038 | DailyAccrualFund |
Sep 01, 2009 | $0.040 | DailyAccrualFund |
Aug 03, 2009 | $0.038 | DailyAccrualFund |
Jul 01, 2009 | $0.039 | DailyAccrualFund |
Jun 01, 2009 | $0.037 | DailyAccrualFund |
May 01, 2009 | $0.035 | DailyAccrualFund |
Apr 01, 2009 | $0.035 | DailyAccrualFund |
Mar 02, 2009 | $0.039 | DailyAccrualFund |
Feb 02, 2009 | $0.042 | DailyAccrualFund |
Jan 02, 2009 | $0.040 | DailyAccrualFund |
Dec 01, 2008 | $0.040 | DailyAccrualFund |
AISTX - Fund Manager Analysis
Managers
Michael Maurer
Start Date
Tenure
Tenure Rank
Dec 31, 2003
18.43
18.4%
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
9.42
9.4%
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.
Michael Kitchen
Start Date
Tenure
Tenure Rank
Dec 28, 2021
0.42
0.4%
Mr. Kitchen is a Senior Vice President and has been a fixed income manager at Cavanal Hill Investment Management since 1999. Before joining the Advisor, Mr. Kitchen was a branch manager at Charles Schwab (1984-1995) and gained brokerage experience at A.G. Edwards & Sons (1979 – 1982). Mr. Kitchen holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.16 | 2.41 |