ACWEX — World Energy Fund, C Shares
Data updated: 2026-07-27
ACWEX — World Energy Fund, C Shares. 1.91% expense ratio · 1.00% deferred sales charge · since 2014. Holdings, fees, performance and SEC filings.
ACWEX Fund Overview
ACWEX — World Energy Fund, C Shares is a US mutual fund managed by Cavanal Hill Funds, categorised as United States Mid Cap Blend / Core Energy Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Cavanal Hill Funds
- Category: United States Mid Cap Blend / Core Energy Equity
- Assets under management: $289.75M
- 1-year return: 46.3%
- Ticker: ACWEX
- SEC CIK: 0000864508
- SEC series ID: S000044006
- Share class ID: C000136574
ACWEX Investment Objective and Strategy
World Energy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Cavanal Hill Funds.
Investment objective
To seek growth and income.
Principal investment strategy
To pursue its objective, under normal circumstances, the Fund invests at least 80% of its net assets in a wide range of energy-related financial instruments issued in the U.S. and markets around the world. This policy will not be changed without at least 60 days prior notice to shareholders. Energy-related financial instruments may include foreign and domestic securities of issuers that derive more than fifty percent of their assets, revenue or income from activities related to the exploration, extraction, mining, research, development, conservation, refinement, production, transfer, transmission, and transportation of conventional, alternative, renewable and sustainable energy sources, as well as utilities, petrochemicals, plastics, and suppliers and servicers to such industries. Investments typically include a combination of common stock, bonds, exchange traded funds (ETFs) and exchange traded notes (ETNs) but may also include other asset types that are related to energy industry activities.
The Fund may also seek to provide exposure to the investment returns of commodities through investment in commodity-linked derivative instruments, commodity futures, options on commodity future contracts, and investment vehicles that focus on commodities such as ETFs that invest in commodities, commodity options and futures. The Fund may engage in active and frequent trading. Under normal market conditions, the Fund will invest at least 40%, but may invest up to 100%, of its net assets in the securities of issuers organized or having their principal place of business outside the U.S. or doing a substantial amount of business outside the U.S. The Fund will consider an issuer to be doing a substantial amount of business outside the U.S. if it derives more than fifty percent of its assets, revenue or income outside of the U.S.
or is an international focused ETF or ETN. Under normal market conditions, the Fund invests in issuers from at least three different countries. The Adviser invests the Funds assets based on its judgment about issuers, risk, prices of securities, market conditions and other economic factors in the U.S. and around the world. The Fund may invest in long and short positions in securities of issuers of any market capitalization, emerging market securities, American depositary receipts, European depositary receipts, global depositary receipts, and master limited partnerships (MLPs). The Fund may also invest in pooled investment vehicles, including other registered investment companies ETNs and ETFs, including leveraged and inverse ETFs. The Fund may invest in fixed income securities of any credit quality and maturity, including those of defaulted/distressed issuers.
These securities can be rated below investment grade (i.e. junk bonds) and thus rated below Baa3 by Moodys, BBB- by S&P or BBB- by Fitch Ratings Ltd. or unrated and securities in default. Fixed income investments may include foreign and domestic sovereign issued securities.
ACWEX Holdings
Top 10 holdings of World Energy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Marathon Petroleum Corporation | 5.15% |
| Ge Vernova Inc. | 4.68% |
| Valero Energy Corporation | 4.65% |
| Chevron Corporation | 4.47% |
| Conocophillips | 4.33% |
| Baker Hughes Company | 4.19% |
| Slb N.v. | 4.14% |
| Cameco Corporation | 3.94% |
| Technipfmc PLC | 3.90% |
| Equinor Asa | 3.84% |
ACWEX Portfolio Allocation
Asset-class allocation of World Energy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 78.3% |
| Other | 18.2% |
| Fixed Income | 2.1% |
| Cash & Equivalents | 1.2% |
ACWEX Performance
Total returns for ACWEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 27.66% |
| 1 year | 46.32% |
| 3 years (annualised) | 26.20% |
| 5 years (annualised) | 19.65% |
ACWEX Risk Information
Risk metrics for ACWEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.44%
ACWEX Costs and Fees
ACWEX costs about $191 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.91%
- Gross expense ratio: 2.19%
- Portfolio turnover: 175%
- Brokerage commissions: 27.73 bps of average net assets (SEC N-CEN)
ACWEX Cashflows
Over the 12 months to 2026-05, World Energy Fund had net inflows of $102.48M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $4.28M |
| 2026-04 | $9.60M |
| 2026-03 | $13.84M |
| 2026-02 | $18.63M |
| 2026-01 | $17.31M |
| 2025-12 | $4.19M |
ACWEX Debt Constituents
Largest debt holdings of World Energy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Nrg Energy, Inc. | 0.28% |
| Transocean International Limited | 0.27% |
| Valaris Limited | 0.25% |
| Enbridge Inc. | 0.25% |
| Continental Resources, Inc. | 0.24% |
| Halliburton Company | 0.23% |
| Apa Corporation | 0.18% |
| Sm Energy Company | 0.17% |
| Schlumberger Holdings Corporation | 0.14% |
| Comstock Resources, Inc. | 0.14% |
ACWEX Prospectus and SEC Filings
Official World Energy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-19
- Prospectus (485BPOS) — filed 2024-12-20
- Prospectus (485BPOS) — filed 2023-12-22
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2025-11-12
- Annual census (N-CEN) — filed 2024-11-14
Related Funds
Other United States Mid Cap Blend / Core Energy Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.