Cavanal Hill Funds receive 14th Lipper award in 11 years

Rhea-AI Summary

Cavanal Hill Opportunistic Fund has won the Refinitiv Lipper Fund Award for the absolute return category, marking its 10-year recognition for exceptional risk-adjusted performance. The award adds to the fund's total of 14 Lipper awards earned over 11 years, showcasing the expertise of the fund's management team. As of November 30, 2021, the fund ranked first among 47 peers, demonstrating its effective strategy and disciplined investment approach. BOK Financial, the fund's parent company, reports over $100 billion in assets under management, highlighting its commitment to excellence in wealth management.

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• Cavanal Hill Opportunistic Fund ranked first in the absolute return category among 47 peers for the 10-year period ending November 30, 2021.
• The fund has received a total of 14 Lipper awards in the past 11 years, indicating consistent high performance.
• BOK Financial reported over $100 billion in assets under management, showcasing substantial financial strength.

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Cavanal Hill Opportunistic Fund wins 10-year award for absolute return category

TULSA, Okla., March 10, 2022 (GLOBE NEWSWIRE) -- Cavanal Hill Funds have been recognized with Refinitiv Lipper Fund Awards to bring their total to 14 Lipper awards received in the last 11 years. The Refinitiv Lipper Fund Awards annually recognize funds that have excelled in delivering strong risk-adjusted performance, relative to their peers. This year, Refinitiv Lipper acknowledges Cavanal Hill’s fundamental equity investment team with industry honors.

“The Lipper Awards are an important testament to our disciplined investment process,” said Matt Stephani, president of Cavanal Hill Investment Management and one of the portfolio managers of the Fund. “Liquid alternative funds are difficult to manage, and the success of the Opportunistic Fund shines a light on the strength and skill of our portfolio management team.”

Stacy Kymes is president and CEO of Tulsa-based BOK Financial, parent company of Cavanal Hill Investment Management, which is the sub-advisor to the Cavanal Hill Funds.

Kymes, who took over leadership of the top-25 financial services company in January, said this recognition reflects the corporation’s overall efforts in the wealth management space.

“Wealth management is a significant part of BOK Financial, demonstrated by the fact that we ended last year with more than $100 billion in assets under management,” Kymes said. “The Lipper Fund Awards, and other industry recognition, reflect our commitment and intentionality. Cavanal Hill focuses on performing at the top of the industry, and represents a real differentiator for our company.”

The Cavanal Hill Opportunistic Fund, Institutional (AIOPX) earned the award for superior risk-adjusted performance versus its 47 peers in the Absolute Return category for the ten-year period ended November 30, 2021. “Cavanal Hill is a unique firm with a distinct approach and our clients continue to benefit from the success of this matchless fund,” said Stephani. The Opportunistic Fund began operations on September 1, 2011.

“Our Fund has the ability to invest across asset classes and economic sectors as well as be flexible with market exposure. We believe these features are beneficial to clients seeking returns regardless of underlying financial, economic or political environments,” said Brandon Barnes, who manages the Opportunistic Fund with Stephani. “This award is a testament to the expertise of our analyst team and their ability to find attractive investments across a wide universe.”

Stephani said avoiding fads and focusing on long-term strategy is what has made the Cavanal Hill Funds so successful.

“We believe the pursuit of superior long-term investment performance requires a concrete strategy with a robust risk-management process,” said Stephani. “We avoid investment fads and trends, focusing instead on proprietary research, disciplined buy and sell guidelines, and patience. Over time, this approach has been successful, as these Lipper awards attest.”

Disclosures
Cavanal Hill Investment Management, Inc. is an SEC registered investment adviser and a wholly-owned subsidiary of BOKF, NA, a wholly-owned subsidiary of BOK Financial Corporation, a financial holding company (“BOKF”). BOKF, NA serves as the custodian for the Cavanal Hill Funds. BOKF holdings also include the distributor for Cavanal Hill Funds, Cavanal Hill Distributors, Inc., member FINRA.

Cavanal Hill Distributors, Inc. is a wholly-owned subsidiary of BOK Financial Corporation, and an affiliate of BOKF, NA and Cavanal Hill Investment Management, Inc.

Past performance does not guarantee future results. Investments are subject to risks, including the possible loss of the principal amount invested. An investor should consider the Fund’s investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the Fund’s prospectus summary prospectus. To obtain a prospectus or summary prospectus online, please visit cavanalhillfunds.com or call 800-762-7085. Please read the prospectus or summary prospectus carefully before investing.

Investment Risks
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. Investments in the Fund are subject to the risks related to direct investment in real estate, such real estate risk, regulatory risks, concentration risk, and diversification risk. Fixed income securities are subject to interest rate risks. The principal value of a bond falls when interest rates rise and rise when interest rates fall. During periods of risking interest rates, the value of a bond investment is at greater risk than during periods of stable or falling rates. International investing involves increased risk and volatility. Mid-and Small-cap companies may be more vulnerable to adverse business or economic developments.

Refinitiv Lipper Disclosures
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

Opportunistic Fund (AIOPX)
As of 11/30/2020. 1-Year (21 out of 143). 3-Year (13 out of 130), 5-Year (15 out of 115), 10-Year (1 out of 47) in the absolute return category for the annualized ten-year period.

FAQ

What significant award did the Cavanal Hill Opportunistic Fund receive?

The Cavanal Hill Opportunistic Fund won the Refinitiv Lipper Fund Award for the absolute return category.

How many Lipper awards has Cavanal Hill received?

Cavanal Hill has received a total of 14 Lipper awards over the last 11 years.

What is the ranking of the Cavanal Hill Opportunistic Fund among peers?

The Fund ranked first among 47 peers in the absolute return category for the ten-year period ended November 30, 2021.

How much assets under management does BOK Financial have?

BOK Financial has reported over $100 billion in assets under management.