Mutual Fund Commentary

This commentary addresses the Cavanal Hill U.S. Treasury Fund and Government Securities Money Market Fund.

 

 

This commentary addresses the Cavanal Hill Bond Fund, Moderate Duration Fund (formerly named the Intermediate Bond Fund), and Limited Duration Fund (formerly named the Short-Term Income Fund)

The Fund’s Institutional share class returned -0.13% in the third quarter, compared with the Russell MidCap^® Index¹, the Fund’s benchmark, which returned 0.48%.

The Fund’s Institutional share class returned -5.62% during the quarter, compared with 1.70% and -5.54% for the Fund’s benchmarks, the S&P 500 Index¹ and the MSCI World Energy Index¹, respectively.

The Fund’s Institutional share class returned -0.92% during the quarter, compared with the average return of 0.66% for the 210 funds in Lipper Absolute Return category^†.Additionally, the Fund’s benchmarks, the S&P 500 Index¹ and the HFRX Equity Hedge Index¹, returned 1.70% and 1.79% during the period, respectively.

The Fund’s Institutional shares returned 1.19% in the third quarter. The Fund’s equity benchmark, the Russell 1000^® Index¹, returned 1.42%, while its fixed-income benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index¹, returned 2.27%.

The Fund’s Investor share class returned 3.09% in the second quarter, compared with the Russell MidCap^® Index¹, the Fund’s benchmark, which returned 4.13%.

This commentary addresses the Cavanal Hill U.S. Treasury Fund and Government Securities Money Market Fund.