Cavanal Hill Funds Long Live Your Money CONTACT ADVISOR LOGIN CAVANALHILL.COM ABOUT MUTUAL FUNDS INSIGHTS & COMMENTARY LITERATURE FINANCIAL ADVISORS Strategic Enhanced Yield Fund Fixed Income Home > Mutual Funds > Fixed Income > Strategic Enhanced Yield Fund OVERVIEW PERFORMANCE PORTFOLIO FUND GOAL Our Strategic Enhanced Yield Fund is designed to be an opportunistic, multi-sector fixed income investment. The investment team attempts to shift allocations into areas that we believe provide the best risk/reward profiles. The Fund typically has a substantial allocation to mortgage-backed securities and other securitized products. The Fund has the freedom to invest in a broad range of credit ratings and durations. PROCESS Our Fixed Income management process is fundamentally driven, disciplined and value oriented. We construct portfolios using duration management, yield curve positioning, sector allocation, and security selection, and use these strategies as a blueprint to strive to earn results for you. How We Strive To Make Fixed Income Funds Work For You: Discover We seek opportunities to generate returns for our investors. Assess We test our discoveries for relative value and associated risk. If it’s not worth it, we go back to the drawing board. Invest We invest in assets that have value within the current market and buy when we believe the price is right. Monitor We monitor our investments closely. We ensure our reasoning remains valid and, if it isn’t, we return to the discovery phase. MARKET CONCERNS 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. Short-term investment-grade bonds offer less risk and generally a lower rate of return than longer-term higher yielding bonds. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of changing interest rates. High-yield bonds have a higher risk of default or other adverse credit events, but have the potential to pay higher earnings over investment-grade bonds. The higher risk of default, or the inability of the creditor to repay its debt, is the primary reason for the higher interest rates on high-yield bonds. MORNINGSTAR RANKINGS Category: US OE Fund Multisector Bond (as of 9/30/2021) Rank Percentile 1 Year 331/337 97 3 Year 182/271 61 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. SHOW MORE LIPPER LEADERS DESIGNATION 1 Expense Lipper Leader Expense (Investor Shares) LIPPER RANKINGS Category: Lipper Multi-Sector Income Funds (as of 9/30/2021) Rank Percentile 1 Year 354/370 96 3 Year 207/309 67 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 subject to change every month and are based on an equal weighted average of percentile ranks for the Expense metrics over three, five, and tenyear 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 Strategic Enhanced Yield Fund, in Lipper’s MultiSector Income Funds classification received the following ratings for the three, five, tenyear periods, respectively, for the Inv Shares: Expense: 5(69 funds). SHOW MORE FUND INFORMATION as of 10/31/21 Institutional Investor Class A Net Asset Value $10.26 $10.40 $10.26 Symbol AIENX APENX AAENX CUSIP 14956P141 14956P158 14956P166 Inception 12/26/17 12/26/17 12/26/17 Gross Expense Ratio 1.79% 2.07% 1.99% Net Expense Ratio 0.78% 1.03% 1.03% FUND STATISTICS as of 9/30/21 Total Net Assets $21,152,884 Number of Holdings 92 Turnover Ratio 123.16% Weighted Average Maturity (bonds) 5.97 yrs. Effective Duration (bonds) 5.51 yrs. Currently, contractual fee waivers are in effect from December 28, 2020 through December 31, 2021. SHOW MORE RELATED LITERATURE Strategic Enhanced Yield Fund Fact Sheet Summary Prospectus Prospectus Statement of Additional Information Semi-Annual Report Annual Report Strategic Enhanced Yield Fund Fact Sheet VIEW ALL LITERATURE MANAGEMENT TEAM Michael P. Maurer MBA, CFA® | SENIOR VICE PRESIDENT, SENIOR FIXED INCOME PORTFOLIO MANAGER Russell Knox CFA® | VICE PRESIDENT, FIXED INCOME PORTFOLIO MANAGER DON'T HAVE AN ACCOUNT? Sign up today for access to exclusive commentaries, sales tools, pitchbooks, and more. GET ADVISOR-ONLY INFORMATION This product may also be available in Strategies format. Click below to learn more. VIEW OUR STRATEGIES Cavanal Hill Funds ABOUT MUTUAL FUNDS INSIGHTS & COMMENTARY LITERATURE FINANCIAL ADVISORS SUBSCRIBE Sign up for our newsletter to stay updated on our latest news and events. Email Address* SUBMIT CONTACT Cavanal Hill Distributors, Inc. Attn: Bill King, Director of Sales One Williams Center Cavanal Hill Distributors, Inc. - 15th Floor Tulsa, OK 74172-0172 Email: CHInfo@cavanalhill.com Craig McQueen, Internal Sales Specialist 855-359-1898 Bill King, Director of Sales 918-382-5491 CAVANALHILL.COM PRIVACY POLICY LEGAL GLOSSARY ©2021 Distributor: Cavanal Hill Distributors, Inc. Cavanal Hill Investment Management, Inc. is an SEC registered investment adviser and a wholly-owned subsidiary of BOKF, NA, a wholly-owned subsidiary of BOK Financial Corporation, a financial holding company (“BOKF”). BOKF, NA serves as the custodian for the Cavanal Hill Funds. BOKF holdings also include Cavanal Hill Distributors, Inc., member FINRA, the distributor for the Cavanal Hill Funds (the Funds). SHOW MORE