Cavanal Hill Funds Receive Lipper Fund Awards for the Third Straight Year

Business Wire

TULSA, Okla.--(BUSINESS WIRE)--

The Cavanal Hill Funds announced today that its funds have once again been honored by the Thomson Reuters Awards of Excellence with Lipper Fund Awards, as well as three number one Lipper rankings. The Lipper Fund Awards are given out annually to recognize funds that have excelled in delivering strong risk-adjusted performance, relative to their peers.

Cavanal Hill’s Intermediate Bond Fund, Institutional (AIFBX) received Lipper Fund Awards for both the three-year1 and five-year2 periods. This is the second year that the fund, managed by Mike Maurer, senior vice president and senior fixed income portfolio manager, has received the honor. In 2013 the Intermediate Bond Fund, Institutional (AIFBX) was the recipient of the Lipper Fund Award for outstanding performance over three-year time period3.

The fund ranked number one out of 109 funds in the short-intermediate investment grade debt category for the three-year period ending Nov. 30, 2013. It also ranked number one out of 98 funds in the short-intermediate investment grade debt category for the five-year period ending Nov. 30, 2013.

This is not the only fund Maurer manages that has received the prestigious Fund Award. In 2012, the Short-Term Income Fund, Institutional (AISTX) also received the Lipper Fund Award for outstanding performance over the three-year time period4.

Maurer said his team exercises discipline in order to identify and maximize the best long-term investments.

“We are committed to finding the top opportunities available in the market by searching for securities that enhance the fund’s returns without compromising its risk profile,” said Maurer. “In this very low yield environment, that takes tremendous discipline.”

Brian Henderson, president of Cavanal Hill, said he’s proud of Maurer and his team for these fund awards.

“It’s unique to have one fund manager receive four Lipper Fund Awards in such a short period of time, and we think that’s a direct reflection of the quality work we do at Cavanal Hill,” said Henderson.

The Intermediate Bond Fund, Institutional (AIFBX) also received two number one rankings. It was number one out of 118 funds in the short-intermediate investment grade debt category for the three-year period5 ending Dec. 31, 2013, and it was number one out of 157 funds in the short-intermediate investment grade debt category for the one-year period 6 ending Dec 31, 2013.

The firm’s Short-Term Income Fund, Institutional (AISTX) also received a Lipper Ranking for being number one out of 199 funds in the short-term investment grade debt category for the five-year period7 ending Dec 31, 2013. The fund is also managed by Maurer.

“The recognition we received from Lipper for both of these funds is something we earned from throughout our organization,” said Henderson. “From the portfolio managers to the support staff, this is an honor in which we share and feel very proud.”

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.

2014 Lipper rankings and returns

Awards

1 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.
Annualized Returns: 1-year (3.65%), 3-year (6.41%), 5-year (9.04%), 10-year (N/A)

2 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.
Annualized Returns: 1-year (3.65%), 3-year (6.41%), 5-year (9.04%), 10-year (N/A)

3 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 for the annualized five-year period.
Annualized Returns: 1-year (10.71%), 3-year (10.71%), 5-year (4.93%), 10-year (N/A)

4 Short-Term Income Fund (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 for the annualized three-year period.
Annualized Returns: 1-year (3.02%), 3-year, 5-year (3.11%), 10-year (N/A)

Rankings

5 Intermediate Bond Fund, Institutional (AIFBX)
As of 12/31/2013. 1-year (1 out of 157), 3-year (1 out of 118), 5-year (6 out of 102), 10-year (N/A) in the short-intermediate investment grade debt category for the annualized three-year period.
Annualized Returns: 1-year (2.86%), 3-year (6.42%), 5-year (9.45%), 10-year (N/A)

6 Intermediate Bond Fund, Institutional (AIFBX)
As of 12/31/2013. 1-year (1 out of 157), 3-year (1 out of 118), 5-year (6 out of 102), 10-year (N/A) in the short-intermediate investment grade debt category for the annualized twelve-month period.
Annualized Returns: 1-year(2.86%), 3-year (6.42%), 5-year (9.45%), 10-year (N/A)

7 Short-Term Income Fund, Institutional (AISTX)
As of 12/31/2013. 1-year (75 out of 288), 3-year (11 out of 241), 5-year (1 out of 199), 10-year (N/A) in the short-term investment debt category for the five-year period.
Annualized Returns: 1-year (1.04%), 3-year (3.07%), 5-year (7.36%), 10-year (N/A)

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”). SEC registration does not imply a certain level of skill or training. BOKF, NA serves as the custodian for the Cavanal Hill Funds. BOKF holdings also include BOSC, Inc., the distributor for the Cavanal Hill Funds (the Funds).

BOSC, Inc., a registered Broker/Dealer, member FINRA/SIPC, 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 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.

Contact:
BOK Financial Corporation
Media Contact:
Andrea Myers, 918-594-7794
VP Senior Communications Manager
amyers@bokf.com
or
Investor Contact:
Joseph Crivelli, 918-595-3027
SVP Director of Investor Relations
jcrivelli@bokf.com

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