AACBX: Cavanal Hill Active Core C

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AACBX Cavanal Hill Active Core C


Profile

AACBX - Profile

Vitals

  • YTD Return -9.4%
  • 3 Yr Annualized Return -3.0%
  • 5 Yr Annualized Return -2.8%
  • Net Assets $42.3 M
  • Holdings in Top 10 21.5%

52 WEEK LOW AND HIGH

$12.10
$10.96
$13.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.11%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 41.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -9.4%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.69%
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
    Dec 31, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • 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.


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Categories

Performance

AACBX - Performance

Return Ranking - Trailing

Period AACBX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.4% -61.5% 53.8% 27.78%
1 Yr -8.1% -68.1% 53.9% 48.13%
3 Yr -3.0%* -34.6% 17.4% 54.24%
5 Yr -2.8%* -32.9% 16.0% 59.64%
10 Yr N/A* -34.3% 10.6% 25.91%

* Annualized

Return Ranking - Calendar

Period AACBX Return Category Return Low Category Return High Rank in Category (%)
2019 10.9% -50.4% 46.8% 53.71%
2018 -11.7% -31.8% 19.0% 69.51%
2017 5.7% -44.7% 46.3% 54.06%
2016 1.4% -84.5% 146.1% 76.54%
2015 -6.5% -40.7% 14.6% 57.14%

Total Return Ranking - Trailing

Period AACBX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.4% -61.5% 53.8% 27.78%
1 Yr -8.1% -68.1% 53.9% 48.13%
3 Yr 0.9%* -34.6% 17.4% 27.12%
5 Yr 1.4%* -32.9% 16.0% 31.35%
10 Yr N/A* -34.3% 10.6% 46.82%

* Annualized

Total Return Ranking - Calendar

Period AACBX Return Category Return Low Category Return High Rank in Category (%)
2019 10.9% -50.4% 46.8% 55.92%
2018 -5.5% -27.4% 19.0% 37.20%
2017 11.2% -44.7% 46.3% 40.61%
2016 5.3% -84.5% 146.1% 61.07%
2015 -1.3% -36.9% 14.6% 33.66%

NAV & Total Return History


Holdings

AACBX - Holdings

Concentration Analysis

AACBX Category Low Category High AACBX % Rank
Net Assets 42.3 M 140 K 141 B 80.17%
Number of Holdings 656 2 13816 16.65%
Net Assets in Top 10 10.3 M -39.4 M 33.7 B 86.04%
Weighting of Top 10 21.47% 5.5% 100.0% 72.35%

Top 10 Holdings

  1. United States Treasury Bonds 2.25% 5.06%
  2. United States Treasury Notes 1.38% 2.84%
  3. iShares MSCI EAFE ETF 2.55%
  4. Apple Inc 2.09%
  5. United States Treasury Notes 0.38% 1.77%
  6. Microsoft Corp 1.77%
  7. United States Treasury Notes 2.25% 1.74%
  8. iShares MSCI Emerging Markets ETF 1.59%
  9. Cavanal Hill World Energy Institutional 1.08%
  10. JPMorgan Chase & Co 0.99%

Asset Allocation

Weighting Return Low Return High AACBX % Rank
Stocks
53.17% -41.01% 78.13% 40.28%
Bonds
42.84% -4.03% 79.29% 46.62%
Cash
3.99% -102.09% 78.43% 53.38%
Preferred Stocks
0.00% 0.00% 44.10% 69.39%
Other
0.00% -41.44% 154.72% 60.69%
Convertible Bonds
0.00% -0.84% 52.57% 78.52%

Stock Sector Breakdown

Weighting Return Low Return High AACBX % Rank
Technology
19.42% 0.00% 72.78% 27.65%
Financial Services
17.27% 0.00% 62.98% 27.31%
Healthcare
13.03% 0.00% 63.06% 60.72%
Industrials
10.84% 0.00% 99.44% 36.79%
Consumer Cyclical
9.39% 0.00% 45.84% 49.44%
Consumer Defense
7.73% 0.00% 17.78% 42.33%
Communication Services
6.60% 0.00% 41.87% 64.33%
Real Estate
5.54% -2.05% 100.00% 31.49%
Energy
4.94% 0.00% 100.00% 41.65%
Utilities
2.82% 0.00% 100.00% 67.27%
Basic Materials
2.41% 0.00% 19.70% 65.80%

Stock Geographic Breakdown

Weighting Return Low Return High AACBX % Rank
US
48.48% -41.02% 76.29% 36.52%
Non US
4.69% -1.50% 32.14% 52.09%

Bond Sector Breakdown

Weighting Return Low Return High AACBX % Rank
Securitized
37.44% 0.00% 67.23% 10.63%
Government
29.99% -0.45% 99.67% 35.77%
Corporate
15.87% 0.00% 100.00% 81.74%
Cash & Equivalents
8.53% -3.87% 100.00% 60.15%
Municipal
8.18% 0.00% 99.77% 4.40%
Derivative
0.00% -3.25% 55.67% 45.22%

Bond Geographic Breakdown

Weighting Return Low Return High AACBX % Rank
US
42.12% -5.28% 84.24% 40.39%
Non US
0.72% -12.68% 26.09% 81.95%

Expenses

AACBX - Expenses

Operational Fees

AACBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.11% 0.01% 7.27% 11.80%
Management Fee 0.35% 0.00% 2.00% 31.29%
12b-1 Fee 1.00% 0.00% 1.00% 79.27%
Administrative Fee N/A 0.01% 0.83% 40.77%

Sales Fees

AACBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 26.06%

Trading Fees

AACBX 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.

AACBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 0.00% 574.00% 41.80%

Distributions

AACBX - Distributions

Dividend Yield Analysis

AACBX Category Low Category High AACBX % Rank
Dividend Yield 0.00% 0.00% 11.85% 20.41%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AACBX Category Low Category High AACBX % Rank
Net Income Ratio 0.69% -5.24% 6.65% 87.12%

Capital Gain Distribution Analysis

AACBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AACBX - Fund Manager Analysis

Managers

Michael Maurer


Start Date

Tenure

Tenure Rank

Dec 30, 2005

14.26

14.3%

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.

J. Henderson


Start Date

Tenure

Tenure Rank

Dec 30, 2005

14.26

14.3%

J. Brian Henderson serves as Cavanal Hill's President and Chief Investment Officer - Fixed Income. Mr. Henderson oversees Cavanal Hill's Fixed Income Management team and is responsible for the execution of the taxable fixed income process. Mr. Henderson established Cavanal Hill's fixed income philosophy and process in 1993 while serving as the firm's Director of Fixed Income Strategy and as a Portfolio Manager for the taxable and tax-exempt fixed income and money market strategies. Lipper has presented Mr. Henderson with Performance Achievement Certificates for the #1 mutual fund performance rankings six times from 1998-2006. Under Mr. Hendersons leadership, Cavanal Hill's fixed income teams investment performance has been highlighted in several national publications including the Wall Street Transcript, Kiplinger, USA Today, S&P Research, Wealth Magazine, and by Morningstar. Prior to joining Cavanal Hill, Mr. Henderson was the Head Taxable Fixed Income Trader for BOK Financials Capital Markets group. Mr. Henderson is a CFA Charter holder and has served as a CFA exam grader and past President and Board member of the local CFA society. Mr. Henderson received a Bachelor of Business Administration in Finance from Southern Methodist University in 1989.

Thomas Verdel


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.25

4.3%

Thomas Wesley Verdel manages the investment team that conducts the quantitative equity research or Cavanal Hill Investment Management.  He provides quantitative analysis and investment management for the Cavanal Hill World Energy Fund.  Mr. Verdel 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.  In 2003, he earned a Master of Science Degree in Electrical Engineering from Yale University.  In 2005, he acquired a Master of Science Degree in Finance from the University of Tulsa.  Mr. Verdel is a CFA charterholder.

Matt Stephani


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.25

4.3%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 39.27 6.82 0.25