Mutual Fund Sweep Service
Bank of Texas' Mutual Fund Sweep Service provides an attractive way for companies to relieve the daily burden of determining a cash position, making investment selections, and transferring funds to an investment instrument. When using the Sweep service, funds in excess of those needed to support daily activity are automatically transferred to one of two mutual funds: the Cavanal Hill Cash Management Fund or the Cavanal Hill U.S. Treasury Fund.
The Cavanal Hill U. S. Treasury Fund invests exclusively in U.S. Treasury Bills, notes, and other obligations issued or guaranteed by the U.S. Government. The Cavanal Hill Cash Management Fund invests in U.S. dollar-denominated securities with only the highest quality ratings from Moody's (P1) or S&P (A1) being purchased.
Benefits
- Excess operating account balances are always fully invested at current market yields.
- The "sweep" feature eliminates client involvement in determining a daily cash position and making investment decisions.
- Enhanced buying power by commingling investment dollars with other like-minded investors with over $1.5 billion in combined assets.
- Diversification of asset holdings resulting in reduced investment risk
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Highlights |
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Financial Position Update |
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>> For more information on our stable financial position, please click
here.
To find out more information about BOK Financial, our parent company, please click here. |
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