Cavanal Hill Active Core Institutional
Name
As of 02/25/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-32.9%
1 yr return
10.0%
3 Yr Avg Return
11.6%
5 Yr Avg Return
9.0%
Net Assets
$1.41 M
Holdings in Top 10
17.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.86%
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 02/25/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AIBLX - Profile
Distributions
- YTD Total Return -32.9%
- 3 Yr Annualized Total Return 11.6%
- 5 Yr Annualized Total Return 9.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.16%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCavanal Hill Active Core Fund
-
Fund Family NameCavanal Hill funds
-
Inception DateDec 29, 2005
-
Shares Outstanding26831
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Maurer
Fund Description
To pursue its objective, 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.
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.
The equity portion of the Fund consists of investments in companies of all market capitalization, including large, mid and small.
As its primary strategy for the equity portion of the Fund, the portfolio management team selects securities using both fundamental and quantitative approaches. The fundamental approach seeks to identify companies that possess certain economic, financial and other qualitative characteristics. The quantitative approach utilizes a proprietary system that ranks stocks. Stocks are ranked using a large array of factors including but not limited to fundamental factors (i.e. valuation and growth) and technical factors (i.e. momentum, reversal and volatility) that have historically been linked to performance. Portfolio construction and risk management techniques are used to seek consistent, superior risk adjusted returns.
The portfolio management team of the Fund may augment its primary equity strategy by investing in additional strategies involving Exchange Traded Funds (“ETFs”), including ETFs of foreign investments and emerging markets.
The debt portion of the Fund primarily consists of bonds; notes, debentures and bills issued by U.S. corporations or the U.S. government, its agencies, or instrumentalities; mortgage-backed securities; asset-backed securities, collateralized mortgage obligations and municipal bonds.
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.
The Fund seeks to maintain a dollar-weighted average portfolio maturity of three to twelve years for the debt portion of its portfolio. 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 interests of the Fund’s shareholders to continue to hold the security.
The broadly diversified portfolio of equity and fixed income securities of varying yields and durations is structured to offer a core foundation of investments. The portion of the Fund’s assets invested in equity and debt securities will vary in accordance with economic conditions, the level of stock prices, interest rates, and the risk associated with each investment.
AIBLX - Performance
Return Ranking - Trailing
Period | AIBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -32.9% | -33.3% | 108.5% | 99.64% |
1 Yr | 10.0% | -18.8% | 54.2% | 20.43% |
3 Yr | 11.6%* | 1.0% | 17.6% | 23.79% |
5 Yr | 9.0%* | 0.6% | 14.5% | 35.25% |
10 Yr | 8.2%* | 1.7% | 12.5% | 46.36% |
* Annualized
Return Ranking - Calendar
Period | AIBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.4% | -39.0% | 23.8% | 88.23% |
2022 | 6.5% | -20.0% | 28.7% | 60.88% |
2021 | 10.9% | -21.9% | 25.7% | 77.46% |
2020 | -11.6% | -48.9% | 14.0% | 51.46% |
2019 | 5.8% | -6.5% | 22.4% | 75.12% |
Total Return Ranking - Trailing
Period | AIBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -32.9% | -33.3% | 108.5% | 99.64% |
1 Yr | 10.0% | -18.8% | 49.9% | 24.74% |
3 Yr | 11.6%* | -1.2% | 17.6% | 19.95% |
5 Yr | 9.0%* | -0.5% | 14.5% | 29.52% |
10 Yr | 8.2%* | 1.7% | 12.5% | 42.91% |
* Annualized
Total Return Ranking - Calendar
Period | AIBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.4% | -39.0% | 23.8% | 88.23% |
2022 | 6.5% | -20.0% | 28.7% | 60.88% |
2021 | 10.9% | -21.9% | 25.7% | 77.46% |
2020 | -4.5% | -48.9% | 14.0% | 14.95% |
2019 | 12.4% | -3.9% | 31.9% | 54.56% |
NAV & Total Return History
AIBLX - Holdings
Concentration Analysis
AIBLX | Category Low | Category High | AIBLX % Rank | |
---|---|---|---|---|
Net Assets | 1.41 M | 744 K | 214 B | 99.20% |
Number of Holdings | 583 | 2 | 15511 | 20.57% |
Net Assets in Top 10 | 8.37 M | 1.42 K | 53.7 B | 81.83% |
Weighting of Top 10 | 17.76% | 8.7% | 100.0% | 93.65% |
Top 10 Holdings
- United States Treasury Notes 2.25% 2.69%
- United States Treasury Notes 2% 2.40%
- United States Treasury Notes 1.375% 2.39%
- Microsoft Corp 2.12%
- iShares MSCI EAFE ETF 2.12%
- United States Treasury Notes 1.125% 1.69%
- Apple Inc 1.58%
- United States Treasury Bonds 2.25% 1.50%
- Cavanal Hill Government Secs MMkt Sel 1.50%
- Booking Holdings Inc 1.43%
Asset Allocation
Weighting | Return Low | Return High | AIBLX % Rank | |
---|---|---|---|---|
Stocks | 59.91% | 0.00% | 99.41% | 61.76% |
Bonds | 38.56% | 0.00% | 119.58% | 20.09% |
Cash | 1.53% | -19.59% | 83.52% | 68.46% |
Preferred Stocks | 0.00% | 0.00% | 29.48% | 66.86% |
Other | 0.00% | -6.69% | 81.95% | 60.23% |
Convertible Bonds | 0.00% | 0.00% | 18.30% | 90.74% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AIBLX % Rank | |
---|---|---|---|---|
Technology | 23.90% | 0.00% | 69.99% | 21.70% |
Healthcare | 13.78% | 0.00% | 99.52% | 35.82% |
Financial Services | 12.51% | 0.00% | 100.00% | 79.68% |
Consumer Cyclical | 11.38% | 0.00% | 19.73% | 36.85% |
Industrials | 10.02% | 0.00% | 33.21% | 50.06% |
Communication Services | 7.94% | 0.00% | 23.77% | 44.78% |
Consumer Defense | 5.58% | 0.00% | 98.56% | 66.13% |
Energy | 5.32% | 0.00% | 31.62% | 19.98% |
Real Estate | 4.74% | 0.00% | 100.00% | 32.61% |
Basic Materials | 2.74% | 0.00% | 34.29% | 74.97% |
Utilities | 2.09% | 0.00% | 99.49% | 74.63% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AIBLX % Rank | |
---|---|---|---|---|
US | 55.96% | 0.00% | 98.67% | 31.54% |
Non US | 3.95% | 0.00% | 40.26% | 69.94% |
Bond Sector Breakdown
Weighting | Return Low | Return High | AIBLX % Rank | |
---|---|---|---|---|
Corporate | 31.29% | 0.00% | 99.56% | 57.37% |
Government | 24.13% | 0.00% | 98.71% | 57.14% |
Securitized | 22.63% | 0.00% | 85.69% | 26.51% |
Municipal | 18.11% | 0.00% | 98.19% | 1.49% |
Cash & Equivalents | 3.84% | 0.00% | 100.00% | 84.11% |
Derivative | 0.00% | 0.00% | 32.83% | 45.37% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | AIBLX % Rank | |
---|---|---|---|---|
US | 38.13% | 0.00% | 102.64% | 6.40% |
Non US | 0.43% | 0.00% | 106.10% | 92.91% |
AIBLX - Expenses
Operational Fees
AIBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.86% | 0.06% | 5.49% | 59.39% |
Management Fee | 0.35% | 0.00% | 2.00% | 43.75% |
12b-1 Fee | N/A | 0.00% | 1.00% | 9.80% |
Administrative Fee | 0.08% | 0.01% | 0.83% | 44.44% |
Sales Fees
AIBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AIBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
AIBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 343.00% | 46.30% |
AIBLX - Distributions
Dividend Yield Analysis
AIBLX | Category Low | Category High | AIBLX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.43% | 0.00% | 1.71% | 16.23% |
Dividend Distribution Analysis
AIBLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
AIBLX | Category Low | Category High | AIBLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.16% | -2.06% | 11.02% | 49.51% |
Capital Gain Distribution Analysis
AIBLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2019 | $0.034 | |
Dec 28, 2018 | $0.070 | |
Oct 01, 2018 | $0.058 | |
Jul 02, 2018 | $0.058 | |
Apr 02, 2018 | $0.035 | |
Dec 29, 2017 | $0.075 | |
Oct 02, 2017 | $0.055 | |
Jul 03, 2017 | $0.056 | |
Apr 03, 2017 | $0.034 | |
Dec 29, 2016 | $0.065 | |
Oct 03, 2016 | $0.057 | |
Jul 01, 2016 | $0.062 | |
Apr 01, 2016 | $0.040 | |
Dec 30, 2015 | $0.073 | |
Oct 01, 2015 | $0.050 | |
Jul 01, 2015 | $0.043 | |
Apr 01, 2015 | $0.035 | |
Oct 01, 2014 | $0.069 | |
Jul 01, 2014 | $0.056 | |
Apr 01, 2014 | $0.044 | |
Oct 01, 2013 | $0.077 | |
Jul 01, 2013 | $0.054 | |
Apr 01, 2013 | $0.059 | |
Oct 01, 2012 | $0.072 | |
Jul 02, 2012 | $0.087 | |
Mar 30, 2012 | $0.056 | |
Dec 30, 2011 | $0.145 | |
Oct 03, 2011 | $0.018 | |
Jul 01, 2011 | $0.081 | |
Apr 01, 2011 | $0.049 | |
Dec 31, 2010 | $0.091 | |
Oct 01, 2010 | $0.086 | |
Jul 01, 2010 | $0.070 | |
Apr 01, 2010 | $0.056 | |
Dec 31, 2009 | $0.189 | |
Oct 01, 2009 | $0.021 | |
Jul 01, 2009 | $0.000 | |
Apr 01, 2009 | $0.056 | |
Dec 31, 2008 | $0.150 |
AIBLX - Fund Manager Analysis
Managers
Michael Maurer
Start Date
Tenure
Tenure Rank
Dec 30, 2005
16.1
16.1%
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.
Matt Stephani
Start Date
Tenure
Tenure Rank
Dec 31, 2015
6.09
6.1%
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
Thomas Verdel
Start Date
Tenure
Tenure Rank
Dec 31, 2015
6.09
6.1%
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.
Brandon Barnes
Start Date
Tenure
Tenure Rank
May 01, 2020
1.75
1.8%
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 |
---|---|---|---|
0.04 | 34.26 | 6.24 | 2.16 |