Cavanal Hill Investment Management, Inc. (Cavanal Hill)
announced today that its Cavanal Hill Short-Term Income Fund,
Institutional (AISTX) was recognized at the annual Lipper Awards
last week for ranking number one out of 199 share classes in the
short investment-grade debt category for the three-year period
ending Nov. 30, 2011.
“Our taxable fixed income team has a long history of earning
number one Lipper performance rankings with the Cavanal Hill
Short-Term Income Fund,” says Brian Henderson, president of Cavanal
Hill. “To earn a number one ranking for any period of time is an
outstanding accomplishment and achieving it for a three-year period
is exceptional.”
Henderson said that Cavanal Hill has achieved this level of
performance several times against the most competitive and best
known fund families in the industry.
“It’s what we are known for and why our clients seek our advice
when it comes to short term fixed income investing,” Henderson
says. “This 2012 Lipper fund award is special though and it’s
something our team has wanted for a long time. It’s a reflection of
not only the outstanding performance we have given our clients, but
it puts a big exclamation point behind our risk-managed approach
that has worked so well since we launched the fund in 1994.”
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’s award is for three-year
performance ending in 2011. Last year, four Cavanal Hill funds were
honored with number one Lipper rankings for performance in
2010.
Henderson said Tulsa-based Cavanal Hill is unique in the mutual
fund world for a number of reasons.
“We’re committed to staying nimble so we can really dive into
individual bonds and look at them on a very micro level, which is
something the mega funds can’t do,” Henderson said. “This
flexibility, and the discipline of our management, has led to
consistent performance and long-term success. We really feel like
we’re Wall Street on Main Street.”
Henderson said his firm’s flexibility and ability to find fund
opportunities is possible because Cavanal Hill has top talent and
access to world-class resources. As an affiliate of financial
holding company BOK Financial Corporation (BOKF), a $25 billion
regional financial services company with seven bank subsidiaries in
eight states, Cavanal Hill can attract nationally-recognized money
managers and leverage the resources of a sound Fortune 500
corporation.
BOK Financial was the largest commercial bank in the United
States that elected to not participate in the Treasury’s Capital
Purchase Plan, an element of the Troubled Asset Relief Plan (TARP).
BOKF provides Cavanal Hill with first-class infrastructure and
logistics that are often out of reach for smaller investment
managers. Cavanal Hill’s advisers therefore have the luxury of
being 100 percent focused on the discipline of investing and
serving clients. Cavanal Hill also serves as investment adviser to
the Cavanal Hill Funds.
About Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards
for Excellence, a global family of awards that celebrate
exceptional performance throughout the professional investment
community. The Thomson Reuters Awards for Excellence recognize the
world's top funds, fund management firms, sell-side firms, research
analysts, and investor relations teams. The Thomson Reuters Awards
for Excellence also include the Extel Survey Awards, the StarMine
Analyst Awards, and the StarMine Broker Rankings. For more
information, please contact markets.awards@thomsonreuters.com or
visit excellence.thomsonreuters.com.
Disclosures
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.
Lipper Rankings:
FUND 1 Year 3 Year
5 Year 10 Year
Short-Term Income Fund, Institutional
(AISTX) as of 11/30/11
1 4 98 NA
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. 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.
BOK Financial Corporation is a $25 billion regional financial
services company based in Tulsa, Oklahoma. The company's stock is
publicly traded on NASDAQ under the Global Select market listings
(symbol: BOKF). BOK Financial's holdings include BOKF, NA, BOSC,
Inc. and Cavanal Hill Investment Management, Inc. BOKF, NA operates
the TransFund electronic funds network and seven banking divisions:
Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Bank of
Kansas City, Bank of Oklahoma, Bank of Texas, and Colorado State
Bank and Trust. Through its subsidiaries, the company provides
commercial and consumer banking, investment and trust services,
mortgage origination and servicing, and an electronic funds
transfer network. For more information, visit www.bokf.com.
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. To obtain a prospectus online, please
visit www.cavanalhillfunds.com or call
1-800-762-7085. Please read the prospectus carefully before
investing.
MUTUAL FUNDS AND OTHER INVESTMENTS:
NOT FDIC INSURED – MAY LOSE VALUE – NO BANK GUARANTEE