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World Energy Fund Commentary 4Q 2018

World Energy Fund Commentary

4Q 2018
The Fund’s Investor share class returned -26.62% during the quarter, compared with -13.52% and -21.52% for the Fund’s benchmarks, the S&P 500 Index1 and the MSCI World Energy Index1, respectively.
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Opportunistic Fund Commentary 4Q 2018

Opportunistic Fund Commentary

4Q 2018
The Fund’s Investor share class returned -15.02% during the quarter, compared with the average return of -4.11% for the 207 funds in Lipper Absolute Return category. Additionally, the Fund’s benchmarks, the S&P 500 Index1and the HFRX Equity Hedge Index1, returned -13.52% and -8.59% during the period, respectively.
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Fixed Income Funds Commentary 4Q 2018

Fixed Income Funds Commentary

4Q 2018
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).
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Active Core Fund Commentary 4Q 2018

Active Core Fund Commentary

4Q 2018
The Active Core Fund’s Investor shares returned -7.32% in the fourth quarter. The Fund’s equity benchmark, the Russell 1000® Index1, returned -13.82%, while its fixed-income benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index1, returned 1.64%.
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World Energy Fund Commentary 2Q 2018

World Energy Fund Commentary

2Q 2018
The Fund’s Investor share class returned 9.10% during the quarter, compared with 3.43% and 12.92% for the Fund’s benchmarks, the S&P 500 Index1 and the MSCI World Energy Index1, respectively.
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