APLIX – Cavanal Hill Hedged Equity Income Inv Investment Strategy | Morningstar

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Strategy

The investment seeks current income with the potential for long-term capital appreciation with less volatility than the broad equity market. The fund invests primarily in dividend paying equity securities, with at least 80% of its net assets in income generating equity securities and equity-related instruments traded on U.S. exchanges. The advisor includes common stocks and securities convertible into common stocks of companies with any market capitalization and sponsored or unsponsored American Depositary Receipts (ADRs). The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
APLIX	Cavanal Hill Hedged Equity Income Fund Investor	No Load	Open			Dec 28, 2020	$125,477.00	1.350%	Above Average	$100	−$1.61M
AILIX	Cavanal Hill Hedged Equity Income Fund Institutional	Institutional	Open			Dec 28, 2020	$32.75M	1.100%	Below Average	$1,000	$2.58M
AALIX	Cavanal Hill Hedged Equity Income Fund A	Front Load	Open			Dec 28, 2020	$984,479.00	1.350%	Below Average	$0	−$85,688.65

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