Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
4.8%
1 yr return
7.4%
3 Yr Avg Return
1.1%
5 Yr Avg Return
1.5%
Net Assets
$31.5 M
Holdings in Top 10
27.4%
Expense Ratio 1.21%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$100
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
To pursue its objective, under normal circumstances, the Fund invests 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, and 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.
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.
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 and maintains an average portfolio duration of less than three and one-half years. These policies will not be changed without at least 60 days prior notice to shareholders. In addition, the Fund normally invests at least 65% of its net assets in interest-bearing bonds.
Duration provides a measure of a fund’s sensitivity to changes in interest-rates. In general, the longer a fund’s duration, the more its price will fluctuate when interest rates change. A fund with a duration of 10 years is twice as sensitive to interest rate changes as a fund with a five-year duration. A fund with a five-year duration would generally be expected to lose 5% from its net asset value if interest rates rose by one percentage point or gain 5% if interest rates fell by one percentage point.
Period | APSTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.8% | 0.6% | 18.5% | 41.06% |
1 Yr | 7.4% | 3.2% | 25.1% | 37.83% |
3 Yr | 1.1%* | -5.6% | 4.8% | 65.76% |
5 Yr | 1.5%* | -3.9% | 5.5% | 68.57% |
10 Yr | 3.4%* | -18.9% | 170.4% | 1.99% |
* Annualized
Period | APSTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.4% | -1.6% | 7.6% | 35.31% |
2022 | -7.6% | -17.7% | -2.6% | 65.24% |
2021 | -2.1% | -4.0% | 4.4% | 74.45% |
2020 | 2.2% | -7.1% | 7.6% | 37.76% |
2019 | 1.7% | -2.3% | 9.3% | 66.46% |
Period | APSTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.8% | 0.6% | 18.5% | 41.06% |
1 Yr | 7.4% | 3.2% | 25.1% | 37.83% |
3 Yr | 1.1%* | -5.6% | 4.8% | 65.76% |
5 Yr | 1.5%* | -3.9% | 5.5% | 68.57% |
10 Yr | 3.4%* | -18.9% | 170.4% | 1.99% |
* Annualized
Period | APSTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | 1.8% | 15.2% | 49.05% |
2022 | -5.7% | -17.3% | -1.3% | 68.93% |
2021 | -0.6% | -2.7% | 7.7% | 71.46% |
2020 | 4.0% | -2.4% | 14.5% | 54.69% |
2019 | 4.0% | 0.6% | 12.6% | 75.74% |
APSTX | Category Low | Category High | APSTX % Rank | |
---|---|---|---|---|
Net Assets | 31.5 M | 14.5 K | 57.3 B | 95.82% |
Number of Holdings | 267 | 2 | 8314 | 71.48% |
Net Assets in Top 10 | 10.4 M | 1.05 M | 6.81 B | 95.82% |
Weighting of Top 10 | 27.36% | 1.9% | 112.6% | 40.49% |
Weighting | Return Low | Return High | APSTX % Rank | |
---|---|---|---|---|
Bonds | 95.86% | 0.00% | 129.40% | 21.86% |
Cash | 4.14% | -20.59% | 71.38% | 37.07% |
Stocks | 0.00% | 0.00% | 99.96% | 67.11% |
Preferred Stocks | 0.00% | 0.00% | 24.12% | 64.83% |
Other | 0.00% | -0.97% | 71.57% | 86.69% |
Convertible Bonds | 0.00% | 0.00% | 27.71% | 97.14% |
Weighting | Return Low | Return High | APSTX % Rank | |
---|---|---|---|---|
Securitized | 65.55% | 0.00% | 97.27% | 1.90% |
Corporate | 10.28% | 0.00% | 99.82% | 95.05% |
Cash & Equivalents | 3.67% | 0.00% | 71.38% | 35.93% |
Municipal | 2.34% | 0.00% | 14.41% | 8.38% |
Government | 2.20% | 0.00% | 73.63% | 88.19% |
Derivative | 0.00% | -0.44% | 27.90% | 65.59% |
Weighting | Return Low | Return High | APSTX % Rank | |
---|---|---|---|---|
US | 95.86% | 0.00% | 126.86% | 19.20% |
Non US | 0.00% | 0.00% | 82.20% | 64.07% |
APSTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.21% | 0.01% | 3.29% | 17.37% |
Management Fee | 0.15% | 0.00% | 1.19% | 13.31% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 45.39% |
Administrative Fee | 0.08% | 0.01% | 0.41% | 50.23% |
APSTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
APSTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
APSTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 500.00% | 14.62% |
APSTX | Category Low | Category High | APSTX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.10% | 0.00% | 11.11% | 89.16% |
APSTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
APSTX | Category Low | Category High | APSTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.24% | -1.27% | 4.98% | 44.29% |
APSTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 31, 2024 | $0.024 | OrdinaryDividend |
Sep 30, 2024 | $0.023 | OrdinaryDividend |
Aug 30, 2024 | $0.023 | OrdinaryDividend |
Jul 31, 2024 | $0.021 | OrdinaryDividend |
Apr 30, 2024 | $0.020 | OrdinaryDividend |
Mar 28, 2024 | $0.022 | OrdinaryDividend |
Feb 29, 2024 | $0.021 | OrdinaryDividend |
Jan 31, 2024 | $0.022 | OrdinaryDividend |
Dec 29, 2023 | $0.022 | OrdinaryDividend |
Nov 30, 2023 | $0.022 | OrdinaryDividend |
Oct 31, 2023 | $0.023 | OrdinaryDividend |
Sep 29, 2023 | $0.023 | OrdinaryDividend |
Aug 31, 2023 | $0.022 | OrdinaryDividend |
Jul 31, 2023 | $0.022 | OrdinaryDividend |
Jun 30, 2023 | $0.021 | OrdinaryDividend |
May 31, 2023 | $0.021 | OrdinaryDividend |
Apr 28, 2023 | $0.021 | OrdinaryDividend |
Mar 31, 2023 | $0.021 | OrdinaryDividend |
Feb 28, 2023 | $0.020 | OrdinaryDividend |
Jan 31, 2023 | $0.021 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Nov 30, 2022 | $0.020 | OrdinaryDividend |
Oct 31, 2022 | $0.018 | OrdinaryDividend |
Sep 30, 2022 | $0.017 | OrdinaryDividend |
Aug 31, 2022 | $0.016 | OrdinaryDividend |
Jul 29, 2022 | $0.015 | OrdinaryDividend |
Jun 30, 2022 | $0.013 | OrdinaryDividend |
May 31, 2022 | $0.013 | OrdinaryDividend |
Apr 29, 2022 | $0.012 | OrdinaryDividend |
Mar 31, 2022 | $0.010 | OrdinaryDividend |
Feb 28, 2022 | $0.011 | OrdinaryDividend |
Jan 31, 2022 | $0.012 | OrdinaryDividend |
Dec 31, 2021 | $0.012 | OrdinaryDividend |
Nov 30, 2021 | $0.013 | OrdinaryDividend |
Oct 29, 2021 | $0.012 | OrdinaryDividend |
Sep 30, 2021 | $0.011 | OrdinaryDividend |
Aug 31, 2021 | $0.011 | OrdinaryDividend |
Jul 30, 2021 | $0.011 | OrdinaryDividend |
Jun 30, 2021 | $0.011 | OrdinaryDividend |
May 28, 2021 | $0.012 | OrdinaryDividend |
Apr 30, 2021 | $0.011 | OrdinaryDividend |
Mar 31, 2021 | $0.012 | OrdinaryDividend |
Feb 26, 2021 | $0.012 | OrdinaryDividend |
Jan 29, 2021 | $0.012 | OrdinaryDividend |
Dec 31, 2020 | $0.012 | OrdinaryDividend |
Nov 30, 2020 | $0.012 | OrdinaryDividend |
Oct 30, 2020 | $0.012 | OrdinaryDividend |
Sep 30, 2020 | $0.013 | OrdinaryDividend |
Aug 31, 2020 | $0.012 | OrdinaryDividend |
Jul 31, 2020 | $0.014 | OrdinaryDividend |
Jun 30, 2020 | $0.012 | OrdinaryDividend |
May 29, 2020 | $0.011 | OrdinaryDividend |
Apr 30, 2020 | $0.011 | OrdinaryDividend |
Mar 31, 2020 | $0.014 | OrdinaryDividend |
Feb 28, 2020 | $0.015 | OrdinaryDividend |
Jan 31, 2020 | $0.016 | OrdinaryDividend |
Dec 31, 2019 | $0.017 | OrdinaryDividend |
Nov 29, 2019 | $0.017 | OrdinaryDividend |
Oct 31, 2019 | $0.018 | OrdinaryDividend |
Sep 30, 2019 | $0.018 | OrdinaryDividend |
Aug 30, 2019 | $0.019 | OrdinaryDividend |
Jul 31, 2019 | $0.018 | OrdinaryDividend |
Dec 12, 2008 | $0.020 | CapitalGainShortTerm |
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.
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.
Start Date
Tenure
Tenure Rank
Dec 28, 2021
0.42
0.4%
Mr. Kitchen is a Senior Vice President and has been a fixed income manager at Cavanal Hill Investment Management since 1999. Before joining the Advisor, Mr. Kitchen was a branch manager at Charles Schwab (1984-1995) and gained brokerage experience at A.G. Edwards & Sons (1979 – 1982). Mr. Kitchen holds the Chartered Financial Analyst designation.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.19 | 2.41 |
Dividend Investing Ideas Center
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