NOTICE: 2019 Capital Gains Available. View PDF here.

Fund Goal

The World Energy fund considers investment opportunities for you on a global scale. While many of the changes occurring in the energy sector are cyclical and commodity-based, the World Energy Fund seeks to remove some cyclicality from the fund and capitalize on secular trends.

We pursue growth and income returns for you by investing in a wide range of energy-related financial instruments issued in the U.S. and markets around the world. Investments typically include a combination of common stock, bonds and exchange traded funds (ETFs) but may also include other asset types related to energy-industry activities. The team pursues opportunities with attractive risk/return profiles and a favorable margin of safety.


Our Equity funds focus on growing companies that can strengthen your portfolio—and your equity. We believe that we build fundamentally based equity funds focused on stability and risk-mitigation in evolving market environments—funds that seek to deliver long-term results for you.

We invest in companies that are gaining market share and exhibiting strong potential. We examine protective barriers around competitive advantages for each company, analyze financial results and develop expectations for the future.

Note: Equity securities are more volatile and carry more risk than other forms of investments. 

How We Make Equity Funds Work For You:


We constantly seek to identify companies capable of generating solid returns for you. We also consider secular trends that lend themselves to long-term investment horizons.


We evaluate risk and reward based on our expectations of company fundamental performance.


We value assets relative to market and growth prospects.


We monitor our investments closely. If we believe the investment prospects are less than we expected, we remove the stock from the portfolio.

Market Concerns

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in below investment-grade fixed income securities. Fixed income securities are subject to interest rate risks. The principal value of a bond falls when interest rates rise and rise when interest rates fall. During periods of rising interest rates, the value of a bond investment is at greater risk than during periods of stable or falling rates. International investing involves increased risk and volatility. Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. Mid- and small-cap companies may be more vulnerable to adverse business or economic developments. International investing involves increased risk and volatility. The Fund's concentration in energy-related industry securities may present more risks than would be the case with funds that diversify investments in numerous industries and sectors of the economy. A downturn in the energy sectors would have a larger impact on the Fund than on a fund that does not concentrate in these industries. Energy sector securities can be significantly affected by events related to political developments, energy conservation, commodity prices, and tax and government regulations. The performance of securities in the Fund may, at times, lag the performance of companies in other sectors or the broader market as a whole. Emerging market investing may be subject to additional economic, political, and currency risks not associated with more developed countries.


Morningstar Ratings

Overall Morningstar Rating

Lipper Leaders Designation

  • 5
    Lipper Leader
    (A and Investor Shares)

Lipper Rankings

Category: Lipper Global Natural Resources Funds (as of 9/30/2019)

1 Year88/10187
3 Year78/9483
5 Year54/9259
Rankings are for Institutional Class and are based on average annual total returns, but do not consider sales charges. Rankings for other share classes will differ due to differences in expenses, fees, or sales charges.The Lipper ratings for Expense identify a fund that has successfully managed to keep its expenses low relative to its peers and within its load structure. The Lipper ratings are as of June 30, 2019, are subject to change every month and are based on an equal weighted average of percentile ranks for the Preservation and Expense metrics over, three-, five-, and ten-year periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leaders with a rating of 5, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. The Cavanal Hill World Energy Fund, in Lipper's Global Natural Resources Funds classification, received the following ratings for the three- and five-year periods, for the A and Investor Shares, but was not rated for the ten-year period: Expense 5(19 funds).The Lipper Mutual Funds Average is an equally weighted average of the mutual funds within their respective Lipper classification, adjusted for reinvestment of capital gains distributions and income dividends. Lipper does not guarantee the accuracy of this information. More information is available at Thomson Reuters Copyright 2019, All Rights Reserved.The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and vairiable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rearding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-star rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Cavanal Hill World Enery Fund was rated against the following numbers of equity energy funds over the following time periods: 91 funds in the last three years, and 78 funds in the last five years. Past performance is no guarantee of future results.2019 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Fund Information as of 12/31/19

Class AClass CInstitutionalInvestor
Net Asset Value$7.39$7.32$7.40$7.39
Gross Expense Ratio1.42%2.32%1.32%1.57%
Net Expense Ratio1.16%1.91%0.91%1.16%

Fund Statistics as of 12/31/19

Total Net Assets$20,735,596
Number of Holdings72
Turnover Ratio148.37%
Trailing 4 Quarters P/E Ratio15.5x
Mean (Average) Market Capitalization$49.1 bil.

Contractual fee waivers are currently in effect from December 26, 2018 through December 31, 2019.

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