Investment Philosophy

The Cavanal Hill Fund Heritage

The Cavanal Hill Funds are managed by the investment professionals at Cavanal Hill Investment Management, Inc., a wholly owned subsidiary of BOKF, N.A. who, along with its other affiliates, is part of the financial holding company BOK Financial Corporation.* For over half a century, families and institutions have entrusted us to manage their assets based on our prudent, and disciplined investment philosophy.

Drawing Strength From Experience

Our organization persevered through periods of economic boom and bust, facing various economic cycles and market climates. This experience helped us develop a set of values and strategies that formed the foundation of our risk-managed investment philosophy. We believe that discipline generates results and patience truly is a virtue when pursuing long-term objectives. Most important, we understand the significance of growing our clients’ assets by striving to safeguard and protect them from undue risk.

Expanding Our Reach

After serving the investment needs of foundations, institutions and trusts for 40 years, we decided to take our philosophy of risk management to the individual investor and launched the Cavanal Hill Funds in 1990.

Throughout the 1990s and into the 21st century, Cavanal Hill has expanded its fund family to support a wide range of investment objectives – from conservative income to growth oriented. By managing a selection of funds, we offer your choice, flexibility and opportunity for diversification.

The Cavanal Hill Fund Difference

Our investment philosophy strives to generate above-average returns and actively manage risk. We believe it is our strong dedication to risk management that distinguishes the Cavanal Hill Funds from many other mutual fund families. Our philosophy contends that identifying, assessing and managing risk are important factors in generating attractive long-term performance for our shareholders. We call this philosophy “risk-managed investing”.

Building Disciplined Portfolios

Our risk-managed investing philosophy draws on a disciplined approach for managing stocks, bonds and money market investments. We realize that each asset class has its own inherent risk and return characteristics. That’s why we don’t impose a generic, one-size-fits-all process. Rather, we identify the potential return along with the primary risks associated with each asset class, then create and implement appropriate investment management strategies.

We don’t alter our fund strategies or styles according to changing market dynamics. Instead, our shareholders enjoy peace of mind, knowing that we adhere to a disciplined, long-term investment strategy designed to keep our funds – and their investment objectives – on track.

To understand how we put our risk-managed investing philosophy to work in your portfolio, we invite you to read about our Equity, Fixed Income and Money Market Investment Process.

Money Market Investment Process
Within the cash-equivalents market, our risk –management efforts focus on an investors’ need for safety, liquidity and competitive yields by only investing in the highest quality short-term debt instruments.

Fixed Income Investment Process
Within the bond market, our risk-management efforts focus on maintaining high credit-quality standards. We also seek to identify key characteristics exclusive to bonds, such as changes in interest rates, economic ebbs and flows and inflation, in an effort to generate competitive, long-term return potential without excessive or undue risk.

Equity Investment Process
Within the stock market, our risk –managed efforts focus on investment discipline. Utilizing an effective combination of sophisticated computer-based analytic tools, balanced by the guidance and experience of our seasoned investment management team, we seek to produce competitive long-term performance throughout all market cycles.

We invite you to join the growing ranks of Cavanal Hill Fund clients and put our risk-managed investment philosophy to work for you. For more information, contact us.


*BOK Financial Corporation is a financial holding company providing financial and related services to individuals and businesses through its wholly owned subsidiary, BOKF, N.A., which does business as: Bank of Oklahoma, Bank of Texas, Bank of Albuquerque, Bank of Arkansas, Bank of Arizona, Colorado State Bank and Trust, and Bank of Kansas City.

Fixed Income Management Team

J. Brian Henderson, CFA
President, Cavanal Hill Investment Management, Inc.
Michael P. Maurer, CFA
Senior Portfolio Manager, Cavanal Hill Investment Management, Inc.
Michael J. Kitchen, CTP, CFA
Portfolio Manager, Cavanal Hill Investment Management, Inc.
Richard A. Williams
Senior Portfolio Manager, Cavanal Hill Investment Management, Inc.


Equity Management Team

Bob Rezaee
Senior Portfolio Manager, Cavanal Hill Investment Management, Inc.
Matthew Stephani,  CFA
Portfolio Manager, Cavanal Hill Investment Management, Inc.






Effective January 31, 2011, the Fund's Form N-MFP filings will be made publicly available via the SEC website and can be obtained by clicking the following link: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000864508&type=N-MFP&dateb=&count=20&scd=filings


Mutual funds, annuities, and other investments are:



  • not insured or guaranteed by the FDIC or by any other government agency or government sponsored agency of the federal government of any state;
  • not deposits, obligations of, or guaranteed by Cavanal Hill Investment Management, Inc., any affiliated bank or other affiliate
  • subject to investment risks, including possible loss of the principal amount invested


An investor should consider the fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the investment company can be found in the fund's prospectus. To obtain a prospectus, please call 1-800-762-7085. Please read the prospectus carefully before investing.



Distributor: BOSC, Inc., a subsidiary of BOK Financial Corp.