Mutual Fund Commentary

 

 

The Fund’s Institutional share class returned 2.32% during the quarter, compared with the average return of 1.46% for the 200 funds in Lipper Absolute Return category^†. Additionally, the Fund’s benchmarks, the S&P 500 Index¹ and the HFRX Equity Hedge Index¹, returned 9.07% and 2.63% during the period, respectively.

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

The Fund’s Institutional share class returned 5.74% in the fourth quarter, compared with the Russell MidCap^® Index¹, the Fund’s benchmark, which returned 7.06%.

The Fund’s Institutional shares returned 3.95% in the fourth quarter. The Fund’s equity benchmark, the Russell 1000^® Index¹, returned 9.04%, while its fixed-income benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index¹, returned 0.18%.

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)

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