APBAX: Cavanal Hill Active Core Fund - MutualFunds.com

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Cavanal Hill Active Core Investor

APBAX - Snapshot

Vitals

  • YTD Return 9.0%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 6.1%
  • Net Assets $46.5 M
  • Holdings in Top 10 21.2%

52 WEEK LOW AND HIGH

$14.62
$11.02
$14.62

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

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

BROKERAGE FEES

  • Turnover 65.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100
  • IRA N/A

Fund Classification


Compare APBAX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$30.36

-0.16%

$166.16 B

1.32%

$0.40

6.53%

-

$46.18

-0.26%

$104.44 B

2.17%

$1.00

6.45%

-

$43.70

-0.07%

$46.53 B

1.30%

$0.57

11.39%

-

$36.15

0.00%

$40.35 B

1.33%

$0.48

15.79%

-

$27.65

0.00%

$36.20 B

1.44%

$0.40

12.40%

-

APBAX - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Cavanal Hill Active Core Fund
  • Fund Family Name
    Cavanal Hill funds
  • Inception Date
    Jun 01, 1995
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Maurer

Fund Description

The fund normally invests between 40% and 75% of its net assets in equity securities and at least 25% of its net assets in fixed income securities that are "investment grade," rated at the time of purchase 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 Trusts Board of Trustees to be of comparable quality. The equity portion of the fund consists of investments in companies of all market capitalization, including large, mid and small.


APBAX - Performance

Return Ranking - Trailing

Period APBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -40.7% 30.5% 39.19%
1 Yr 6.1% -21.7% 26.7% 35.58%
3 Yr 5.7%* -4.7% 12.9% 38.57%
5 Yr 6.1%* -0.8% 11.3% 57.53%
10 Yr 7.0%* 0.4% 11.8% 54.08%

* Annualized

Return Ranking - Calendar

Period APBAX Return Category Return Low Category Return High Rank in Category (%)
2019 10.9% -5.8% 25.7% 74.92%
2018 -11.6% -32.7% 0.0% 51.20%
2017 5.7% -6.5% 22.4% 75.30%
2016 1.6% -43.7% 23.3% 78.55%
2015 -6.3% -32.5% 2.6% 49.03%

Total Return Ranking - Trailing

Period APBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -40.7% 30.5% 39.19%
1 Yr 6.1% -21.7% 26.7% 30.37%
3 Yr 5.7%* -4.7% 12.9% 34.76%
5 Yr 6.1%* -0.8% 11.3% 52.08%
10 Yr 7.0%* 0.4% 11.8% 51.42%

* Annualized

Total Return Ranking - Calendar

Period APBAX Return Category Return Low Category Return High Rank in Category (%)
2019 10.9% -5.8% 25.7% 74.92%
2018 -4.7% -32.7% 0.8% 18.62%
2017 12.0% -3.7% 31.9% 58.94%
2016 6.1% -43.7% 23.3% 50.89%
2015 -0.4% -32.5% 5.6% 19.96%

NAV & Total Return History


APBAX - Holdings

Concentration Analysis

APBAX Category Low Category High APBAX % Rank
Net Assets 46.5 M 716 K 166 B 88.69%
Number of Holdings 606 2 14317 24.29%
Net Assets in Top 10 10.4 M 654 K 30 B 95.35%
Weighting of Top 10 21.24% 9.3% 100.0% 79.04%

Top 10 Holdings

  1. Apple Inc 2.81%
  2. Amazon.com Inc 2.54%
  3. Microsoft Corp 2.53%
  4. United States Treasury Notes 1.38% 2.50%
  5. Cavanal Hill Government Secs MMkt Sel 2.48%
  6. iShares MSCI EAFE ETF 2.32%
  7. iShares MSCI Emerging Markets ETF 1.96%
  8. United States Treasury Bonds 2.25% 1.54%
  9. United States Treasury Notes 2% 1.30%
  10. Facebook Inc A 1.25%

Asset Allocation

Weighting Return Low Return High APBAX % Rank
Stocks
57.78% 0.00% 134.22% 69.46%
Bonds
38.75% -2.18% 97.64% 17.51%
Cash
2.53% -34.22% 89.35% 71.06%
Other
0.92% -3.55% 30.21% 21.29%
Convertible Bonds
0.02% 0.00% 26.75% 90.70%
Preferred Stocks
0.00% 0.00% 28.13% 84.11%

Stock Sector Breakdown

Weighting Return Low Return High APBAX % Rank
Technology
22.03% 0.00% 48.90% 29.09%
Healthcare
14.83% 0.00% 36.21% 35.08%
Consumer Cyclical
13.12% 0.00% 24.29% 15.89%
Financial Services
13.04% 0.00% 100.00% 58.17%
Communication Services
8.96% 0.00% 43.64% 53.52%
Industrials
8.59% 0.00% 35.09% 74.51%
Consumer Defense
8.49% 0.00% 17.85% 30.13%
Real Estate
4.42% 0.00% 100.00% 29.69%
Utilities
2.59% 0.00% 100.00% 59.82%
Energy
2.06% 0.00% 90.89% 55.47%
Basic Materials
1.87% 0.00% 30.87% 86.66%

Stock Geographic Breakdown

Weighting Return Low Return High APBAX % Rank
US
53.23% 0.13% 131.11% 36.73%
Non US
4.55% 0.00% 39.23% 71.36%

Bond Sector Breakdown

Weighting Return Low Return High APBAX % Rank
Corporate
32.06% 0.00% 99.06% 58.77%
Securitized
29.11% 0.00% 59.07% 23.99%
Municipal
16.93% 0.00% 24.46% 1.05%
Government
15.73% 0.00% 99.53% 73.46%
Cash & Equivalents
6.17% 0.08% 100.00% 77.96%
Derivative
0.00% 0.00% 32.58% 68.97%

Bond Geographic Breakdown

Weighting Return Low Return High APBAX % Rank
US
37.94% -6.66% 74.69% 12.44%
Non US
0.81% -7.18% 73.06% 91.45%

APBAX - Expenses

Operational Fees

APBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.01% 4.93% 19.28%
Management Fee 0.35% 0.00% 1.75% 48.10%
12b-1 Fee 0.25% 0.00% 1.00% 36.84%
Administrative Fee N/A 0.01% 0.83% 40.96%

Sales Fees

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

Trading Fees

APBAX 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.

APBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 0.00% 484.00% 65.85%

APBAX - Distributions

Dividend Yield Analysis

APBAX Category Low Category High APBAX % Rank
Dividend Yield 0.00% 0.00% 8.76% 51.75%

Dividend Distribution Analysis

APBAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

APBAX Category Low Category High APBAX % Rank
Net Income Ratio 1.26% -0.99% 11.02% 74.88%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

APBAX - Fund Manager Analysis

Managers

Michael Maurer


Start Date

Tenure

Tenure Rank

Dec 30, 2005

14.85

14.9%

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.

Thomas Verdel


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.84

4.8%

Thomas Wesley Verdel manages the investment team that conducts the quantitative equity research for Cavanal Hill Investment Management. He is responsible for the portfolio management of the Cavanal Hill Mid Cap Core, Large Cap Core Quantitative, Large Cap Growth, Durable Equity, Focused Large Cap Value, Focused Large Cap Growth, and Small Cap strategies. In addition, he is responsible for the management of the Cavanal Hill Mid Cap Core Equity Fund. Wes received a Bachelor of Science Degree in Electrical Engineering and a Bachelor of Science Degree in Mathematics, both conferred Magna Cum Laude, from Oklahoma State University. He earned a Master of Science Degree in Electrical Engineering from Yale University and a Master of Science Degree in Finance from the University of Tulsa. Wes holds the Chartered Financial Analyst designation.

Matt Stephani


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.84

4.8%

Mr. Stephani is responsible for conducting research for and overseeing the execution of Cavanal Hill's tax-efficient large and mid-capitalization core equity strategies. Prior to joining Cavanal Hill Investment Management, Inc., Mr. Stephani was a Senior Vice President and a Portfolio Manager at Great Companies, LLC for five years. At Great Companies, Mr. Stephani managed four large capitalization equity strategies and was the lead analyst for the healthcare, software and industrial sectors. Mr. Stephani started his career in 1995 at Deloitte & Touche as a Senior Accountant and subsequently

Brandon Barnes


Start Date

Tenure

Tenure Rank

May 01, 2020

0.5

0.5%

Brandon Barnes manages the investment team that conducts fundamental equity research for Cavanal Hill Investment Management. He is responsible for the portfolio management of the Cavanal Hill Dividend Equity, Large Cap Core, Concentrated Equity Income, and New Growth Leaders strategies. In addition, he is a portfolio manager for the Cavanal Hill Opportunistic Fund and the Cavanal Hill Active Core Fund. Brandon earned a Bachelor of Business Administration Degree and a Master of Science Degree in Business Administration from Texas Tech University. Brandon holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.86 6.24 0.83
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