Cavanal Hill Funds Receive Lipper Fund Awards for the Fourth Consecutive Year

Cavanal Hill Funds have been recognized with Lipper Fund Awards by the Thomson Reuters Awards of Excellence for the fourth consecutive year. The Lipper Fund Awards are given out annually to recognize funds that have excelled in delivering strong risk-adjusted performance, relative to their peers. This year, Lipper acknowledged Cavanal Hill’s fixed-income and equity investment teams with industry honors.

“The Lipper awards are important testaments to our disciplined investment process,” said Brian Henderson, president, Cavanal Hill Investment Management. “Our fixed-income team has a rich history of generating peer-leading mutual fund performance, and we are pleased Lipper has now also distinguished our equity investment team by naming the Opportunistic Fund among the best in its peer group.”

Steve Bradshaw, president and CEO of BOK Financial, parent company of Cavanal Hill Investment Management, the Sub-Advisor to the Cavanal Hill Funds, a Tulsa, Okla.-based top 25 US financial services company, said this recognition supports the corporation’s overall efforts in the wealth management space.

“Wealth management is a strategically important business for BOK Financial, and one that traces its roots back nearly 100 years,” Bradshaw said. “The recognition from the Lipper Fund Awards demonstrates that our Cavanal Hill mutual fund complex focuses on performing at the top of the industry, and represents a significant differentiator for our company.”

The Cavanal Hill Intermediate Bond Fund, Institutional (AIFBX) earned Lipper Fund Awards for superior risk-adjusted performance for the three- and five-year periods ended Nov. 30, 2014. For the three-year period, the fund was the top performer among 114 funds in the Short-Intermediate Investment-Grade Debt Funds category. For the five-year period, the fund outperformed its 100 peers in the category.

Since launching the awards program 13 years ago, Lipper has awarded the Intermediate Bond Fund four Lipper Fund Awards.

“Our focus is always on seeking relative value and superior returns without exposing our portfolios to excessive risk,” said Mike Maurer, who manages the fund along with Henderson, Russell Knox, Tyler Bosworth and the Cavanal Hill fixed income team. “A disciplined pursuit of long-term value has been the key to our success in generating attractive long-term performance.”

The Cavanal Hill Opportunistic Fund, Institutional (AIOPX) earned the award for superior risk-adjusted performance versus its 117 peers in the Absolute Return category for the three-year period ended Nov. 30, 2014. Winning the award was a particularly noteworthy achievement, considering this was the first time the fund met the performance-history requirements, said Henderson. The Opportunistic Fund began operations Sept. 1, 2011.

“We believe the key to the fund’s attractive performance record rests with our ability to find opportunities that are overlooked by other investors,” said Matt Stephani, who manages the Opportunistic Fund along with Tom Mitchell and a team of three analysts. “We seek to manage the volatility of the fund’s assets, along with the fund’s net exposure to risky assets, based on our assessment of the markets. Our goal is to provide strong positive returns when markets are improving and to limit losses when market conditions are poor.”

Henderson 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 Henderson. “We avoid investment fads and trends, focusing instead on proprietary research, disciplined buy and sell guidelines, and patience. Over time, this approach has proven successful, as these Lipper awards attest.”

Disclosure

Lipper, Inc., is a Reuters Company. Lipper ranks the performance of mutual funds within a universe of funds that have similar investment objectives. Bonds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term bonds in a rising interest rate environment.

Fund rankings are from Lipper. The Lipper Mutual Fund rankings are the ranking of mutual funds within their respective Lipper classification, adjusted for reinvestment of capital gains distributions and income dividends.

Intermediate Bond Fund, Institutional (AIFBX)
As of 11/30/2014. 1-year (9 out of 169), 3-year (1 out of 122), 5-year (1 out of 106), 10-year (N/A) in the short-intermediate investment grade debt category for the annualized three-year period.

Intermediate Bond Fund, Institutional (AIFBX)
As of 11/30/2014. 1-year (9 out of 169), 3-year (1 out of 122), 5-year (1 out of 106), 10-year (N/A) in the short-intermediate investment grade debt category for the annualized five-year period.

Opportunistic Fund, Institutional (AIOPX)
As of 11/30/2014. 1-year (47 out of 237), 3-year (1 out of 118), 5-year (N/A), 10-year (N/A) in the absolute return category for the annualized three-year period.

Intermediate Bond Fund, Institutional (AIFBX)
As of 11/30/2013. 1-year (1 out of 157), 3-year (1 out of 109), 5-year (1 out of 98), 10-year (N/A) in the short-intermediate investment grade debt category for the annualized three-year period.

Intermediate Bond Fund, Institutional (AIFBX)
As of 11/30/2013. 1-year (1 out of 157), 3-year (1 out of 109), 5-year (1 out of 98), 10-year (N/A) in the short-intermediate investment grade debt category for the annualized five-year period.

Intermediate Bond Fund, Institutional (AIFBX)
As of 11/30/2012, 1-year (4 out of 141), 3-year (1 out of 125), 5-year (57 out of 117), 10-year (N/A) in the short-intermediate investment grade debt category

Short-Term Income Fund, Institutional (AISTX)
As of 11/30/2011, 1-year (1 out of 241), 3-year (4 out of 202), 5-year (98 out of 176), 10-year (N/A) in the short-term investment grade debt category

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. BOSC, Inc. serves as the distributor for Cavanal Hill Mutual Funds and is a registered Broker/Dealer, member FINRA/SIPC. BOSC, Inc. is a wholly-owned subsidiary of BOK Financial Corporation, and an affiliate of BOKF, NA and Cavanal Hill Investment Management, Inc. Investments are not insured by the FDIC and are not guaranteed by Cavanal Hill or any bank, including any banking affiliates of Cavanal Hill.

Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results. Past performance does not guarantee future results. Investments are subject to risks, including the possible loss of the principle 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 or summary prospectus. To obtain a prospectus or summary prospectus online, please visit www.cavanalhillfunds.com or call 1-800-762-7085. Please read the prospectus or summary prospectus carefully before investing.