Cavanal Hill Funds Receive 13th Award in 10 years

Cavanal Hill wins Refinitiv Lipper Fund Award United States Cavanal Hill Moderate Duration Fund, Best Fund Over 10 Years, Short-Intermediate Investment-Grade Debt Funds

TULSA, Okla., March 06, 2020 (GLOBE NEWSWIRE) -- Cavanal Hill Funds have been recognized with Refinitiv Lipper Fund Awards by Thomson Reuters Awards of Excellence for the 13^th time in 10 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 taxable fixed income portfolio management team, Mike Maurer and Russell Knox, with industry honors.

“The Refinitiv Lipper Fund Awards celebrate exceptional investment management. In a year of dramatic change across the global economy, climate, the environment and political cultures, it has never been more important to have your investments entrusted with talented and experienced professionals. The Refinitiv Lipper Fund Awards recognize those exceptional managers and fund management groups who navigate these changes and steer your savings into outperforming returns,” said Robert Jenkins, Head of Research, Lipper, Refinitiv. “We at Refinitiv congratulate the 2020 Refinitiv Lipper Fund Award winners for delivering outstanding performance to their investors and wish Cavanal Hill Funds continued success.”

“Mike has done incredible things for our fixed income investment process since coming here in 2002,” said Brian Henderson, president of Cavanal Hill Investment Management. “The Lipper Awards are an important testament to our disciplined investment process.”

In a crowded field of funds and managers from across the globe¹, Cavanal Hill’s Moderate Duration Fund (formerly known as the Intermediate Bond Fund), has found a way to stand out in an increasingly competitive environment. Mike Maurer, senior fixed income portfolio manager, says the overall active management strategy of each fund plays a role, but their security screening process is vital.

“When evaluating bonds, we are most concerned with adverse outcomes,” said Maurer. “We ask ourselves, what happens to the return of the security if our assumptions turn out to be materially wrong? Are we protected on the downside?”

That vetting has paid off. Maurer and Knox’s funds have received 10 Lipper awards in the last decade between the Moderate Duration and Limited Duration funds. Though the selective process has been an award winner for several years, more importantly, it has been a winner for the long-term shareholder. The long-term focus of Maurer and the team have built a record of success that both Cavanal Hill and its shareholders appreciate.