# EDGAR Filing Document

**Accession Number:** 0000864508
**File Stem:** 0001004726-23-000005
**Filing Date:** 2023-1
**Character Count:** 17507
**Document Hash:** 57316a3b643f71c53125c3960772b6d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-23-000005.hdr.sgml**: 20230105

**ACCESSION NUMBER**: 0001004726-23-000005

**CONFORMED SUBMISSION TYPE**: N-MFP2

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230105

**DATE AS OF CHANGE**: 20230105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cavanal Hill Funds
- **CENTRAL INDEX KEY:** 0000864508
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** N-MFP2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06114
- **FILM NUMBER:** 23510633

**BUSINESS ADDRESS:**
- **STREET 1:** 4400 EASTON COMMONS #200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219
- **BUSINESS PHONE:** 800-762-7085

**MAIL ADDRESS:**
- **STREET 1:** 4400 EASTON COMMONS #200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN PERFORMANCE FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN PLUS FUNDS
- **DATE OF NAME CHANGE:** 19900910

## Series and Classes Contracts Data

### U.S. Treasury Fund (Series ID: S000008941)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000041645 | Institutional  | APKXX           |
| C000041646 | Administrative | APGXX           |
| C000041647 | Service        | APJXX           |
| C000041648 | Select         | APNXX           |

# Form N-MFP: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information

**Submission Type:** N-MFP2

**Live/Test Flag:** —

**Is Electronic Copy of Paper Format:** —

**CIK:** —

### General Information

**Report for (YYYY-MM-DD):** 2022-12-31

**EDGAR Series Identifier:** S000008941

**Total number of share classes in the series:** —

**Is this the fund's final filing on Form N-MFP?:** —

**Is Fund Liquidating?:** —

**Is Fund Merging/Being Acquired?:** —

**Has the fund acquired or merged with another fund during the reporting period?:** —

## Part A: Series-Level Information about the Fund

### Service Providers
| Item   | Role                          | Details                                       | File/CIK Number   |
|:---|:---|:---|:---|
| A.5    | Administrator                 | Cavanal Hill Investment Management, Inc.      |  |
| A.4    | Independent Public Accountant | KPMG LLP<br>City: Columbus<br>State: OH       |  |
| A.6    | Transfer Agent                | FIS Investor Services, LLC<br>CIK: 0001630490 | 084-06522         |

### Fund Characteristics & Assets

- **A.1 - Securities Act File Number:** 033-35190

- **A.7 - Is this a Feeder Fund?:** No

- **A.8 - Is this a Master Fund?:** No

- **A.9 - Is this series primarily used to fund insurance company separate accounts?:** No

- **A.10 - Money Market Fund Category:** Treasury

- **A.11 - WAM:** 3 days

- **A.12 - WAL:** 3 days

- **Total Value of Portfolio Securities:** $1088427963.33

- **Amortized Cost of Portfolio Securities:** $1088427963.33

- **Cash:** $0.00

- **Total Other Assets:** $682994.36

- **Total Liabilities:** $3972361.91

- **Net Assets of Series:** $1085138595.78

- **Number of Shares Outstanding (Series):** 1085138967.90

- **Stable Price Per Share:** $1.00

- **7-Day Gross Yield:** 4.2900%

### Weekly Liquid Assets
| Period         | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| Friday, Week 1 |  | $1162704313.03             |  | 99.9900%                   |
| Friday, Week 2 |  | $1121423460.32             |  | 99.9700%                   |
| Friday, Week 3 |  | $1169259105.84             |  | 99.9700%                   |
| Friday, Week 4 |  | $1156637070.30             |  | 99.9600%                   |
| Friday, Week 5 |  | $1088427963.33             |  | 99.9500%                   |

## Part B: Class-Level Information about the Fund

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $1000.00

- **B.3 - Net Assets of Class:** $925417040.96

- **B.4 - Shares Outstanding:** 925416290.45

- **B.7.7 - 7-Day Net Yield:** 3.6200%

- **Person Paying for Fund Expenses?:** Yes

- **Expense Reimbursement/Waiver Description:** Cavanal Hill Investment Management, Inc./FIS Investor Services, Shareholder Servicing Waiver, 221.93;

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $19736886.96              | $58632699.15            |
| Week 2   | $5349201.24               | $50346772.08            |
| Week 3   | $55397974.40              | $6945019.20             |
| Week 4   | $59572169.49              | $74757166.37            |
| Week 5   | $2118180.71               | $76225910.92            |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $122447593.10

- **Gross Redemptions for month:** $230654417.81

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $1000000.00

- **B.3 - Net Assets of Class:** $6479498.05

- **B.4 - Shares Outstanding:** 6479350.63

- **B.7.7 - 7-Day Net Yield:** 4.1200%

- **Person Paying for Fund Expenses?:** Yes

- **Expense Reimbursement/Waiver Description:** Cavanal Hill Investment Management, Inc./FIS Investor Services, Shareholder Servicing Waiver, 1271.62;

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $759183.63                | $320848.77              |
| Week 2   | $118355.62                | $41415.15               |
| Week 3   | $383173.54                | $201464.53              |
| Week 4   | $102560.91                | $163182.09              |
| Week 5   | $490138.55                | $9707.35                |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $1417626.00

- **Gross Redemptions for month:** $415769.12

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $100000.00

- **B.3 - Net Assets of Class:** $88711621.35

- **B.4 - Shares Outstanding:** 88712753.19

- **B.7.7 - 7-Day Net Yield:** 4.0400%

- **Person Paying for Fund Expenses?:** Yes

- **Expense Reimbursement/Waiver Description:** Cavanal Hill Investment Management, Inc./FIS Investor Services, Shareholder Servicing Waiver, 12523.68;

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $18567988.16              | $5198750.69             |
| Week 2   | $1376046.06               | $0.00                   |
| Week 3   | $579879.08                | $148535.21              |
| Week 4   | $649147.64                | $436546.40              |
| Week 5   | $2600050.58               | $1234531.93             |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $15681065.11

- **Gross Redemptions for month:** $7006924.48

### Class: Unknown Class (—)

- **B.2 - Minimum Initial Investment:** $10000.00

- **B.3 - Net Assets of Class:** $64530435.42

- **B.4 - Shares Outstanding:** 64530573.63

- **B.7.7 - 7-Day Net Yield:** 3.9200%

- **Person Paying for Fund Expenses?:** Yes

- **Expense Reimbursement/Waiver Description:** Cavanal Hill Distributors, Inc., Distributor - 12B-1 Waiver, 7789.95; Cavanal Hill Investment Management, Inc./FIS Investor Services, Shareholder Servicing Waiver, 7789.35;

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $6895308.03               | $0.00                   |
| Week 2   | $1685396.56               | $0.00                   |
| Week 3   | $718381.55                | $2460184.78             |
| Week 4   | $1807340.23               | $33550.24               |
| Week 5   | $6410750.26               | $3223133.32             |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $11197769.40

- **Gross Redemptions for month:** $5716868.34

## Part C: Schedule of Portfolio Securities

### Security 1: BANK OF MONTREAL

- **C.1 - Title:** Bank of Montreal, 4.1800%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.5 - Other ID: BMT123103
- **C.18 - Value (incl. sponsor support):** $80000000.00
- **C.18.a - Value (excl. sponsor support):** $80000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 7.3700%
- **C.17 - Yield as of Reporting Date:** 4.1800%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-03
- **C.13 - Final Legal Maturity Date:** 2023-01-03
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: BLACKROCK LIQUIDITY FUND T-FUND, INSTITUTIONAL CLASS

- **C.1 - Title:** BlackRock Liquidity Funds T-Fund, Institutional Class, 4.0450%
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 09248U718, C.4 - ISIN: US09248U7182
- **C.18 - Value (incl. sponsor support):** $39545927.33
- **C.18.a - Value (excl. sponsor support):** $39545927.33
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 3.6400%
- **C.17 - Yield as of Reporting Date:** 4.0500%
- **C.11 - Maturity Date (WAM):** 2023-01-01
- **C.12 - Maturity Date (WAL):** 2023-01-01
- **C.13 - Final Legal Maturity Date:** 2023-01-01
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: CREDIT AGRICOLE CIB

- **C.1 - Title:** Credit Agricole CIB, 4.2300%
- **C.6 - Investment Category:** U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash
- **Identifiers:** C.5 - Other ID: CRA123103
- **C.18 - Value (incl. sponsor support):** $90000000.00
- **C.18.a - Value (excl. sponsor support):** $90000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 8.2900%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-03
- **C.13 - Final Legal Maturity Date:** 2023-01-03
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: FIXED INCOME CLEARING CORPORATION ("FICC") - BANK OF NEW YORK MELLON

- **C.1 - Title:** Fixed Income Clearing Corporation - Bank of New York Mellon, 4.2500%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.5 - Other ID: BNY123103
- **C.18 - Value (incl. sponsor support):** $190000000.00
- **C.18.a - Value (excl. sponsor support):** $190000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 17.5100%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-03
- **C.13 - Final Legal Maturity Date:** 2023-01-03
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: FIXED INCOME CLEARING CORPORATION ("FICC") - STATE STREET BANK & TRUST CO.

- **C.1 - Title:** Fixed Income Clearing Corporation - State Street Bank & Trust Co., 4.2600%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.5 - Other ID: SST123103
- **C.18 - Value (incl. sponsor support):** $270000000.00
- **C.18.a - Value (excl. sponsor support):** $270000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 24.8800%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-03
- **C.13 - Final Legal Maturity Date:** 2023-01-03
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 6: GOLDMAN SACHS & CO.

- **C.1 - Title:** Goldman Sachs & Co., 4.1300%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.5 - Other ID: GOL123103
- **C.18 - Value (incl. sponsor support):** $35000000.00
- **C.18.a - Value (excl. sponsor support):** $35000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 3.2300%
- **C.17 - Yield as of Reporting Date:** 4.1300%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-03
- **C.13 - Final Legal Maturity Date:** 2023-01-03
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 7: GOLDMAN SACHS FINANCIAL SQUARE TREASURY OBLIGATIONS FUND

- **C.1 - Title:** Goldman Sachs Financial Square Treasury Obligations Fund, 4.1506%
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 38141W323, C.4 - ISIN: US38141W3236, C.3 - LEI: 549300C0TCI4VJPGCS21
- **C.18 - Value (incl. sponsor support):** $15796315.27
- **C.18.a - Value (excl. sponsor support):** $15796315.27
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 1.4600%
- **C.17 - Yield as of Reporting Date:** 4.1500%
- **C.11 - Maturity Date (WAM):** 2023-01-07
- **C.12 - Maturity Date (WAL):** 2023-01-07
- **C.13 - Final Legal Maturity Date:** 2023-01-07
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: NOMURA SECURITIES INTERNATIONAL INC.

- **C.1 - Title:** Nomura Securities International, Inc., 4.2700%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.5 - Other ID: NOM123103
- **C.18 - Value (incl. sponsor support):** $50000000.00
- **C.18.a - Value (excl. sponsor support):** $50000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 4.6100%
- **C.17 - Yield as of Reporting Date:** 4.2700%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-03
- **C.13 - Final Legal Maturity Date:** 2023-01-03
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: RBC DOMINION SECURITIES INC.

- **C.1 - Title:** RBC Dominion Securities, Inc., 4.2300%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.5 - Other ID: RBC123103
- **C.18 - Value (incl. sponsor support):** $245000000.00
- **C.18.a - Value (excl. sponsor support):** $245000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 22.5800%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2023-01-03
- **C.12 - Maturity Date (WAL):** 2023-01-03
- **C.13 - Final Legal Maturity Date:** 2023-01-03
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 10: STIT GOVERNMENT & AGENCY PORTFOLIO, INSTITUTIONAL CLASS

- **C.1 - Title:** Invesco Short-Term Investments Trust, Treasury Portfolio, Institutional Class, 4.1953%
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 825252406, C.4 - ISIN: US8252524066
- **C.18 - Value (incl. sponsor support):** $73085720.73
- **C.18.a - Value (excl. sponsor support):** $73085720.73
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 6.7400%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2023-01-07
- **C.12 - Maturity Date (WAL):** 2023-01-07
- **C.13 - Final Legal Maturity Date:** 2023-01-07
- **Characteristics:** C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** Cavanal Hill Funds

**Date:** 2023-01-04

**By:** /s/ Denise Lewis

**Name of Signing Officer:** Denise Lewis

**Title of Signing Officer:** Treasurer