Cavanal Hill Funds is replacing Vik Khadilkar with Mario Modiano as a portfolio manager of the Strategic Enhanced Yield Fund effective September 1, 2026. The change matters because the fund’s prospectus, statement of additional information and summary prospectus now identify the updated management team for Shareholder reference.

Key Highlights

  • The updated information supplements documents dated December 28, 2025, and was issued August 31, 2026.
  • Mario Modiano becomes a portfolio manager of the Cavanal Hill Strategic Enhanced Yield Fund effective September 1, 2026.
  • Mario Modiano brings experience that includes an internship with The World Bank Group and Leadership of the Operations Research Department at Banco de Comercio in Mexico.

Vik Khadilkar no longer holds that portfolio-management role from the same date. The change removes references to Khadilkar in the fund’s prospectus materials and adds Modiano’s profile.

Strategic Enhanced Yield Fund Names Modiano

His earlier experience includes an internship with the World Bank Group, leadership of the Operations Research Department at Banco de Comercio in Mexico and service as President and Chief Executive Officer of EPI S.A. The supplement supersedes contrary manager information in those documents and later supplements or modifications.