Company Press Release

Tulsa, OK – February 19, 2010 -- Oklahoma-based Cavanal Hill Funds has expanded its distribution channel to include two external platforms, Pershing’s FundVest and Schwab’s Mutual Fund OneSource Service® (OneSource). The fund family seeks to increase the breadth of its distribution by making no-load funds more readily accessible to registered investment advisers throughout the United States. No transaction fees are charged by these platforms to investors.

Jim Huntzinger, President of Cavanal Hill Funds, said this will provide an increase to the funds’ visibility in the market place. “Partnering with Schwab and Pershing provides investment advisers and their clients with an opportunity for investment in specific strategies at a lower initial investment than account minimums required for institutional investors,” Huntzinger said. Cavanal Hill Funds are advised by Cavanal Hill Investment Management®, Inc. (Cavanal Hill), an SEC-registered investment adviser. Cavanal Hill has offered disciplined investment management services since 1991.

The firm’s investment strategies are built upon the belief that inefficiencies do exist in the market place, and that through active management, value can be provided to clients by taking advantage of these opportunities. Cavanal Hill manages assets for a broad and diverse client base that includes foundations, endowments, hospitals, universities, banking institutions, Cavanal Hill governmental entities, and high net worth individuals. Strategies are offered through separately managed accounts, as well as through mutual funds in the firm’s role as investment adviser to the Cavanal Hill family of mutual funds.

Schwab OneSource users and registered advisers who custody assets on the Schwab platform now have access to the Cavanal Hill U.S. Large Cap Equity Fund (APEQX) and the Intermediate Tax-Free Bond Fund (APTFX) for no transaction fee to investors. Registered investment advisers using the Pershing Fund Vest platform have six of the mutual funds available to them: U.S. Large Cap Equity Fund (APEQX), Balanced Fund (APBAX), Intermediate Tax-Free Bond Fund (APTFX), Bond Fund (APBDX), Intermediate Bond Fund (APFBX), and Short-Term Income Fund (APSTX)

J. Brian Henderson, President of Cavanal Hill and Fixed Income Chief Investment Officer, noted that the Cavanal Hill U.S. Large Cap Equity Fund recently was named one of the top five top-performing tax managed large-company stock funds over the past five years by USA Today’s personal finance columnist.1 “Our firm’s team approach to investment management is at the core of delivering service and value to our clients,” Henderson said. “We have nimble teams that can make decisions quickly to take advantage of investment opportunities.”

Cavanal Hill Investment Management, Inc. is an SEC-registered investment adviser and a wholly-owned subsidiary of Bank of Oklahoma, N.A., a bank subsidiary of BOK Financial Corporation, a financial holding company. Cavanal Hill Funds is a registered investment company consisting of nine mutual funds including equity, fixed income and cash strategies. More information is available at www.cavanalhillfunds.com.


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