EX-99.11(A) 4 ea0209599-01_ex11a.htm EXHIBIT 99.11(A)

Exhibit 11(a)

 

July 15, 2024

 

Cavanal Hill Moderate Duration Fund, a series of The Cavanal Hill Funds

4400 Easton Commons

Columbus, Ohio 43219

 

Ladies and Gentlemen:

 

I am counsel to Cavanal Hill Investment Management, Inc., which serves as investment adviser of the Cavanal Hill Limited Duration Fund (the “Acquiring Fund”). As such, I am familiar with the proposed reorganization transaction between the Acquiring Fund, a series of the Cavanal Hill Funds, a Massachusetts business trust (the “Trust”), and the Cavanal Hill Moderate Duration Fund (the “Target Fund,” and together with the Acquiring Fund, the “Funds”), a series of the Trust. This opinion is furnished in connection with the Acquiring Fund’s Registration Statement on Form N-14 under the Securities Act of 1933, as amended (the “Registration Statement”), relating to A Shares, Investor Shares and Institutional Shares, each shares of beneficial interest, par value $0.00001, of the Acquiring Fund (the “Shares”), to be issued in connection with the reorganization.

 

I am of the opinion that, subsequent to the approval by the Funds’ Boards of Trustees of the reorganization in the manner set forth in the combined prospectus/information statement constituting a part of the Registration Statement (the “Prospectus/Information Statement”), the Shares, upon issuance in the manner referred to in the Registration Statement, for consideration, will be legally issued, fully paid and non-assessable A Shares, Investor Shares and Institutional Shares of the Acquiring Fund.

 

I hereby consent to the filing of this opinion as an exhibit to the Registration Statement (333-280205; Accession No. 0001213900-24-052733) and to the use of my name in the Prospectus/Information Statement constituting a part thereof.

 

Very truly yours,  
   
/s/Jacob Calvani  
Jacob Calvani  
Legal Counsel to the Acquiring Fund  
Frederic Dorwart, Lawyers, PLLC  
124 East Fourth Street  
Tulsa, OK 74103  
jcalvani@fdlaw.com  
(918) 583-9901