Press Release

Cavanal Hill Funds receive Lipper Fund Awards for seventh consecutive year

Opportunistic Fund wins 5-Year Award for Absolute Return Category

Company Release - 2/28/2018 11:27 AM ET

TULSA, Okla., Feb. 28, 2018 (GLOBE NEWSWIRE) -- Cavanal Hill Funds have been recognized with Lipper Fund Awards by Thompson Reuters Awards of Excellence for the seventh consecutive year.  The Lipper Fund Awards annually recognize funds that have excelled in delivering strong risk-adjusted performance, relative to their peers.  This year, Lipper acknowledges Cavanal Hill’s equity investment team with industry honors.

“The Lipper Awards are an important testament to our disciplined investment process,” said Brian Henderson, president of Cavanal Hill Investment Management. “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.”

Steve Bradshaw 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.

Bradshaw, who has led the top-25 U.S. financial services company since 2014, 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 these 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 Opportunistic Fund, Institutional (AIOPX) earned the award for superior risk-adjusted performance versus its 106 peers in the Absolute Return category for the five-year period ended Nov. 30, 2017.  “Cavanal Hill is a unique firm with a distinct approach and our clients continue to benefit from the success of this matchless fund,” 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 or misunderstood by other investors,” said Matt Stephani, who manages the Opportunistic Fund along with Tom Mitchell and a team of four analysts.  “We seek to manage the volatility of the fund’s performance, along with the fund’s net exposure to risky assets, based on our assessment of the capital 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 been successful, as these Lipper Awards attest.”

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 or summary prospectus. To obtain a prospectus or summary prospectus online, please visit 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 as 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 rising 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.

Lipper Disclosures


Opportunistic Fund, Institutional (AIOPX)

As of 11/30/2017. 1-year (18 out of 244), 3-year (10 out of 189), 5-year (1 out of 106), 10-year (N/A) in the absolute return category for the annualized five-year period.

Lipper, Inc., is a Reuters Company. Lipper ranks the performance of mutual funds within a universe of funds that have similar investment objectives. 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.


Cody McAlester, Communication Manager


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Source: BOK Financial Corporation