The Cavanal Hill Funds announced today that its funds have once again been honored by the Thomson Reuters Awards of Excellence with Lipper Fund Awards, as well as three number one Lipper rankings. The Lipper Fund Awards are given out annually to recognize funds that have excelled in delivering strong risk-adjusted performance, relative to their peers.
Cavanal Hill’s Intermediate Bond Fund, Institutional (AIFBX) received Lipper Fund Awards for both the three-year 1 and five-year 2 periods. This is the second year that the fund, managed by Mike Maurer, senior vice president and senior fixed income portfolio manager, has received the honor. In 2013 the Intermediate Bond Fund, Institutional (AIFBX) was the recipient of the Lipper Fund Award for outstanding performance over three-year time period 3.
The fund ranked number one out of 109 funds in the short-intermediate investment grade debt category for the three-year period ending Nov. 30, 2013. It also ranked number one out of 98 funds in the short-intermediate investment grade debt category for the five-year period ending Nov. 30, 2013.
This is not the only fund Maurer manages that has received the prestigious Fund Award. In 2012, the Short-Term Income Fund, Institutional (AISTX) also received the Lipper Fund Award for outstanding performance over the three-year time period 4.Maurer said his team exercises discipline in order to identify and maximize the best long-term investments. “We are committed to finding the top opportunities available in the market by searching for securities that enhance the fund’s returns without compromising its risk profile,” said Maurer. “In this very low yield environment, that takes tremendous discipline.” Brian Henderson, president of Cavanal Hill, said he’s proud of Maurer and his team for these fund awards. “It’s unique to have one fund manager receive four Lipper Fund Awards in such a short period of time, and we think that’s a direct reflection of the quality work we do at Cavanal Hill,” said Henderson.