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 we believe 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 we believe 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 Strive To 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.
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.
Overall Morningstar Rating ™ out of 70 OE US Equity Energy Funds (for the overall period ending 6/30/2024, Institutional Shares)
| Rating | |
|---|---|
| Overall Morningstar Rating |
The Morningstar Rating ™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable 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 rewarding 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-year 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 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 World Energy Fund was rated against the following numbers of equity energy funds over the following time periods: 3 stars against 70 funds in the last three years, rated 5 stars against 68 funds in the last five years, and rated 5 stars against 61 funds in the last ten years.Past performance is no guarantee of future results.
Category: OE US Fund Equity Energy (as of 6/30/2024)
| Rank | Percentile | |
|---|---|---|
| 1 Year | 23/75 | 36 |
| 3 Year | 44/70 | 67 |
| 5 Year | 3/68 | 4 |
| 10 Year | 1/61 | 1 |
Rankings are for Institutional class and are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. For periods not shown, Morningstar does not provide rankings based on synthetic performance.
Morningstar rankings are based on a fund's average annual total return relative to all funds in the same Morningstar category. Fund performance used within the rankings, reflects certain fee waivers, without which, returns and Morningstar rankings would have been lower. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100.
2024 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.
Category: Lipper Global Natural Resources Funds (as of 6/30/2024)
| Rank | Percentile | |
|---|---|---|
| 1 Year | 5/60 | 9 |
| 3 Year | 9/56 | 16 |
| 5 Year | 4/54 | 8 |
| 10 Year | 10/48 | 21 |
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 for Total Return reflect the funds' historical return performance relative to its peers. The Lipper ratings are subject to change every month and are based on an equal weighted average of percentile ranks for the 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. Lipper ratings for Consistent Return identify a fund that has provided relatively superior consistency and risk-adjusted returns when compared to a group of similar funds, which achieve high ratings for Consistent Return, may be the best fit for investors who value a fund’s year to year consistency relative to other funds in a particular peer group.
The Cavanal Hill World Energy Fund, in Lipper's Global Natural Resources Funds classification received the following ratings for the three-, five-, and ten-year periods respectively, for the A Shares: Expense 3-year 5 (11 funds), 5-year 5 (11 funds), and 10-year 5 (11 funds), for the Investor Shares: Expense 3-year 5 (11 funds), 5-year 5 (11 funds), 10-year 5 (11 funds). The Fund received the following ratings for the three-, five-, and 10-year periods, respectively, for the A Shares: Total Return: 3-year 4 (56 funds), 5-year 5 (54 funds), and 10-year 4 (48 funds), for the C Shares: Total Return 3-year 4 (56 funds), 5-year 5 (54 funds), 10-year 5 (48 funds), and for the Investor Shares: Total Return: 3-year 4 (56 funds), 5-year 5 (54 funds), and 10-year 5 (48 funds), and for the Institutional Shares: Total Return: 3-year 4 (56 funds), 5-year 5(54 funds), and 10-year 5 (48 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 ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperweb.com Refinitiv Copyright 2024, All Rights Reserved.
| Class A | Class C | Institutional | Investor | |
|---|---|---|---|---|
| Net Asset Value | $13.53 | $13.40 | $13.57 | $13.57 |
| Symbol | AAWEX | ACWEX | AIWEX | APWEX |
| CUSIP | 14956P570 | 14956P562 | 14956P547 | 14956P554 |
| Inception | 02/03/14 | 02/03/14 | 02/03/14 | 02/03/14 |
| Gross Expense Ratio | 1.31% | 2.21% | 1.21% | 1.46% |
| Net Expense Ratio | 1.15% | 1.90% | 0.90% | 1.15% |
| Total Net Assets | $92,570,854 |
| Number of Holdings | 87 |
| Turnover Ratio | 171.69% |
| Trailing 4 Quarters P/E Ratio | 11.7x |
| Mean (Average) Market Capitalization | $65.0 bil. |
Contractual fee waivers are currently in effect from December 28, 2023 through December 31, 2024.
While the fund seeks to manage and monitor risk, there is no way to remove risk.