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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Bond Fund

APBDX | Fund

$8.40

$122 M

3.16%

$0.26

0.97%

Vitals

YTD Return

-0.4%

1 yr return

2.6%

3 Yr Avg Return

-2.8%

5 Yr Avg Return

0.0%

Net Assets

$122 M

Holdings in Top 10

38.5%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Bond Fund

APBDX | Fund

$8.40

$122 M

3.16%

$0.26

0.97%

APBDX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.70%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Bond Fund
  • Fund Family Name
    Cavanal Hill funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    129668
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Maurer

Fund Description

To pursue its objective, the Fund invests, under normal market conditions, 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. 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.

Total return is defined as a percentage change, over a specified time period, in a mutual fund’s net asset value, with the ending net asset value adjusted to account for the reinvestment of all distributions of dividends and capital gains.

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 Fund will generally maintain a dollar-weighted average portfolio maturity of three to ten years.

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. This policy will not be changed without at least 60 days prior notice to shareholders.

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APBDX - Performance

Return Ranking - Trailing

Period APBDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -6.0% 3.9% 46.09%
1 Yr 2.6% -10.3% 16.1% 55.91%
3 Yr -2.8%* -10.4% 26.2% 61.57%
5 Yr 0.0%* -6.6% 191.4% 80.75%
10 Yr 0.9%* -2.4% 73.7% 85.17%

* Annualized

Return Ranking - Calendar

Period APBDX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -16.2% 8.1% 24.08%
2022 -15.4% -34.7% 131.9% 33.10%
2021 -3.4% -11.6% 4.4% 49.10%
2020 4.8% -10.1% 946.1% 38.97%
2019 4.8% -1.7% 156.4% 72.55%

Total Return Ranking - Trailing

Period APBDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% -6.0% 3.9% 46.09%
1 Yr 2.6% -10.3% 16.1% 55.91%
3 Yr -2.8%* -10.4% 26.2% 61.57%
5 Yr 0.0%* -6.6% 191.4% 80.75%
10 Yr 0.9%* -2.4% 73.7% 85.17%

* Annualized

Total Return Ranking - Calendar

Period APBDX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -11.3% 11.0% 49.85%
2022 -13.3% -32.2% 131.9% 38.46%
2021 -1.4% -9.4% 9.2% 65.79%
2020 6.9% -1.9% 1009.0% 81.55%
2019 7.2% 1.1% 21668.0% 84.51%

NAV & Total Return History


APBDX - Holdings

Concentration Analysis

APBDX Category Low Category High APBDX % Rank
Net Assets 122 M 2.73 M 292 B 87.99%
Number of Holdings 171 1 17889 89.14%
Net Assets in Top 10 45.7 M -106 M 36.5 B 81.90%
Weighting of Top 10 38.48% 4.4% 134.1% 20.57%

Top 10 Holdings

  1. U S TREASURY BOND 11.99%
  2. U S TREASURY NOTE 6.97%
  3. U S TREASURY NOTE 5.15%
  4. U S TREASURY BOND 3.09%
  5. U S TREASURY NOTE 3.09%
  6. FEDERAL HOME LOAN BANK 2.05%
  7. BROADCOM INC 1.70%
  8. FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.61%
  9. BANK OF AMERICA CORP 1.54%
  10. GOLDMAN SACHS GROUP INC 1.29%

Asset Allocation

Weighting Return Low Return High APBDX % Rank
Bonds
97.88% 0.00% 215.98% 35.45%
Cash
2.12% -54.51% 88.26% 58.61%
Stocks
0.00% 0.00% 99.93% 88.48%
Preferred Stocks
0.00% 0.00% 74.68% 86.99%
Other
0.00% -13.23% 58.65% 88.06%
Convertible Bonds
0.00% 0.00% 7.93% 97.14%

Bond Sector Breakdown

Weighting Return Low Return High APBDX % Rank
Securitized
33.76% 0.00% 98.40% 37.54%
Corporate
28.72% 0.00% 100.00% 55.07%
Government
21.00% 0.00% 86.23% 58.13%
Municipal
12.26% 0.00% 100.00% 3.05%
Cash & Equivalents
0.84% 0.00% 88.06% 75.44%
Derivative
0.00% -5.38% 58.65% 67.42%

Bond Geographic Breakdown

Weighting Return Low Return High APBDX % Rank
US
97.88% 0.00% 215.98% 31.41%
Non US
0.00% 0.00% 39.04% 87.77%

APBDX - Expenses

Operational Fees

APBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.01% 39.10% 28.70%
Management Fee 0.20% 0.00% 1.76% 10.08%
12b-1 Fee 0.25% 0.00% 1.00% 56.10%
Administrative Fee 0.08% 0.01% 0.50% 48.77%

Sales Fees

APBDX 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

APBDX 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.

APBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 9.57%

APBDX - Distributions

Dividend Yield Analysis

APBDX Category Low Category High APBDX % Rank
Dividend Yield 3.16% 0.00% 9.75% 82.52%

Dividend Distribution Analysis

APBDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

APBDX Category Low Category High APBDX % Rank
Net Income Ratio 1.70% -1.28% 4.79% 50.93%

Capital Gain Distribution Analysis

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

Distributions History

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APBDX - 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16