AAENX: Cavanal Hill Strategic Enhanced Yld A

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AAENX Cavanal Hill Strategic Enhanced Yld A


Profile

AAENX - Profile

Vitals

  • YTD Return 4.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $15.5 M
  • Holdings in Top 10 46.5%

52 WEEK LOW AND HIGH

$10.62
$10.20
$10.74

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.02%

SALES FEES

  • Front Load 2.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 59.00%

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 Multisector Bond

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.82%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Cavanal Hill Strategic Enhanced Yield Fund
  • Fund Family Name
    Cavanal Hill funds
  • Inception Date
    Dec 26, 2017
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Maurer

Fund Description

The fund seeks total return by allocating assets among various fixed income sectors, with no more than 65% of its net assets in any one sector. The Adviser will employ a strategy to enhance the fund's yield by shifting assets among higher yielding and lower yielding debt securities across sectors and different maturities based on its view of the relative value of each sector or maturity. Under normal circumstances, the fund invests at least 80% of its net assets in bonds.


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Categories

Performance

AAENX - Performance

Return Ranking - Trailing

Period AAENX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -55.0% 5.4% 1.12%
1 Yr 4.4% -55.2% 10.9% 3.26%
3 Yr N/A* -38.2% 4.9% N/A
5 Yr N/A* -32.1% 17.2% N/A
10 Yr N/A* -5.3% 0.9% N/A

* Annualized

Return Ranking - Calendar

Period AAENX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -35.1% 15.3% 88.31%
2018 -0.5% -48.0% 0.8% 1.33%
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 19.1% N/A
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period AAENX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -55.0% 5.4% 1.12%
1 Yr 4.4% -55.2% 6.2% 4.75%
3 Yr N/A* -38.2% 3.4% N/A
5 Yr N/A* -32.1% 17.2% N/A
10 Yr N/A* -5.3% 5.4% N/A

* Annualized

Total Return Ranking - Calendar

Period AAENX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -35.1% 15.3% 89.23%
2018 -0.5% -48.0% 4.8% 10.96%
2017 N/A -14.8% 14.0% N/A
2016 N/A -11.2% 22.5% N/A
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

AAENX - Holdings

Concentration Analysis

AAENX Category Low Category High AAENX % Rank
Net Assets 15.5 M 6.88 M 114 B 96.78%
Number of Holdings 72 6 7410 89.20%
Net Assets in Top 10 5.99 M -41 B 5.37 B 86.36%
Weighting of Top 10 46.53% 4.3% 214.0% 23.65%

Top 10 Holdings

  1. United States Treasury Bonds 3% 10.81%
  2. United States Treasury Notes 2.88% 10.16%
  3. United States Treasury Notes 1.75% 8.32%
  4. Federal Farm Credit Banks 2.37% 2.73%
  5. Federal Home Loan Banks 2.78% 2.72%
  6. Indymac MBS Inc 5% 2.49%
  7. Federal Farm Credit Banks 2.31% 2.33%
  8. Federal National Mortgage Association 2.12% 2.33%
  9. Federal Farm Credit Banks 2.88% 2.33%
  10. Sequoia Mtg Trust 2.5% 2.30%

Asset Allocation

Weighting Return Low Return High AAENX % Rank
Bonds
93.78% 36.67% 233.78% 35.03%
Cash
6.22% -144.73% 60.85% 39.49%
Stocks
0.00% -0.56% 27.98% 83.62%
Preferred Stocks
0.00% 0.00% 51.94% 83.52%
Other
0.00% -24.69% 31.60% 68.47%
Convertible Bonds
0.00% 0.00% 15.09% 93.75%

Bond Sector Breakdown

Weighting Return Low Return High AAENX % Rank
Government
46.69% 0.00% 99.82% 2.56%
Securitized
43.57% 0.00% 99.22% 17.90%
Cash & Equivalents
6.22% 0.17% 59.29% 53.13%
Corporate
3.52% 0.00% 92.34% 91.19%
Derivative
0.00% -0.44% 41.70% 75.57%
Municipal
0.00% 0.00% 37.30% 75.00%

Bond Geographic Breakdown

Weighting Return Low Return High AAENX % Rank
US
93.78% 22.25% 233.33% 12.22%
Non US
0.00% -74.15% 71.00% 94.89%

Expenses

AAENX - Expenses

Operational Fees

AAENX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.02% 0.06% 24.26% 2.66%
Management Fee 0.50% 0.00% 2.25% 24.38%
12b-1 Fee 0.25% 0.00% 1.00% 39.80%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

AAENX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.00% 1.00% 5.75% 98.55%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AAENX 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.

AAENX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 0.00% 472.00% 42.94%

Distributions

AAENX - Distributions

Dividend Yield Analysis

AAENX Category Low Category High AAENX % Rank
Dividend Yield 0.64% 0.00% 4.90% 15.19%

Dividend Distribution Analysis

AAENX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AAENX Category Low Category High AAENX % Rank
Net Income Ratio 2.82% 1.07% 10.10% 86.09%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AAENX - Fund Manager Analysis

Managers

Michael Maurer


Start Date

Tenure

Tenure Rank

Dec 26, 2017

2.35

2.4%

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

Dec 26, 2017

2.35

2.4%

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
0.16 28.98 5.68 5.33