# EDGAR Filing Document

**Accession Number:** 0000864508
**File Stem:** 0001004726-23-000122
**Filing Date:** 2023-3
**Character Count:** 16233
**Document Hash:** 21cc20189390a45b64ce8ad5cf007cd4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-23-000122.hdr.sgml**: 20230307

**ACCESSION NUMBER**: 0001004726-23-000122

**CONFORMED SUBMISSION TYPE**: N-MFP2

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230228

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230307

**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:** 23711866

**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):** 2023-02-28

**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:** 2 days

- **A.12 - WAL:** 2 days

- **Total Value of Portfolio Securities:** $902420537.21

- **Amortized Cost of Portfolio Securities:** $902420537.21

- **Cash:** $0.00

- **Total Other Assets:** $758589.52

- **Total Liabilities:** $4256580.16

- **Net Assets of Series:** $898922546.57

- **Number of Shares Outstanding (Series):** 898922921.07

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

- **7-Day Gross Yield:** 4.5500%

### Weekly Liquid Assets
| Period         | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| Friday, Week 1 |  | $1212558668.93             |  | 99.9800%                   |
| Friday, Week 2 |  | $1192553893.52             |  | 99.9700%                   |
| Friday, Week 3 |  | $1262016836.45             |  | 99.9600%                   |
| Friday, Week 4 |  | $1285993523.80             |  | 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:** $726982869.07

- **B.4 - Shares Outstanding:** 726982119.82

- **B.7.7 - 7-Day Net Yield:** 3.8800%

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

- **Expense Reimbursement/Waiver Description:** Cavanal Hill Investment Management, Inc./FIS Investor Services, Shareholder Servicing Waiver, 160.53;

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $38644793.15              | $118821233.38           |
| Week 2   | $23747213.50              | $8527357.08             |
| Week 3   | $68166877.33              | $12062101.81            |
| Week 4   | $29232995.12              | $8957378.37             |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $167125275.78

- **Gross Redemptions for month:** $427094701.84

### Class: Unknown Class (—)

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

- **B.3 - Net Assets of Class:** $10759167.55

- **B.4 - Shares Outstanding:** 10759020.10

- **B.7.7 - 7-Day Net Yield:** 4.3800%

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

- **Expense Reimbursement/Waiver Description:** Cavanal Hill Investment Management, Inc./FIS Investor Services, Shareholder Servicing Waiver, 2048.18;

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $176331.17                | $71635.77               |
| Week 2   | $141824.07                | $710850.53              |
| Week 3   | $1801261.76               | $1863641.45             |
| Week 4   | $416352.12                | $80428.33               |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $2569500.32

- **Gross Redemptions for month:** $2700369.32

### Class: Unknown Class (—)

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

- **B.3 - Net Assets of Class:** $118973143.22

- **B.4 - Shares Outstanding:** 118974276.31

- **B.7.7 - 7-Day Net Yield:** 4.3000%

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

- **Expense Reimbursement/Waiver Description:** Cavanal Hill Investment Management, Inc./FIS Investor Services, Shareholder Servicing Waiver, 14364.76;

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $21830230.23              | $10483092.38            |
| Week 2   | $224204.43                | $932714.30              |
| Week 3   | $13505774.75              | $224971.14              |
| Week 4   | $1213762.66               | $0.00                   |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $37063775.14

- **Gross Redemptions for month:** $6038102.15

### Class: Unknown Class (—)

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

- **B.3 - Net Assets of Class:** $42207366.73

- **B.4 - Shares Outstanding:** 42207504.84

- **B.7.7 - 7-Day Net Yield:** 4.1800%

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

- **Expense Reimbursement/Waiver Description:** Cavanal Hill Distributors, Inc., Distributor - 12B-1 Waiver, 5364.72; Cavanal Hill Investment Management, Inc./FIS Investor Services, Shareholder Servicing Waiver, 5364.72;

**Weekly Flows:**

| Period   | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| Week 1   | $5426576.30               | $2766909.25             |
| Week 2   | $565139.43                | $35090399.49            |
| Week 3   | $538239.35                | $1308887.14             |
| Week 4   | $1443874.85               | $0.00                   |

**Monthly Shareholder Flow Activity:**

- **Gross Subscriptions for month:** $7824774.25

- **Gross Redemptions for month:** $39166195.88

## Part C: Schedule of Portfolio Securities

### Security 1: BANK OF MONTREAL

- **C.1 - Title:** Bank of Montreal, 4.4500%
- **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: BMT123301
- **C.18 - Value (incl. sponsor support):** $60000000.00
- **C.18.a - Value (excl. sponsor support):** $60000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 6.6700%
- **C.17 - Yield as of Reporting Date:** 4.4500%
- **C.11 - Maturity Date (WAM):** 2023-03-01
- **C.12 - Maturity Date (WAL):** 2023-03-01
- **C.13 - Final Legal Maturity Date:** 2023-03-01
- **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 2: CREDIT AGRICOLE CIB

- **C.1 - Title:** Credit Agricole CIB, 4.4700%
- **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: CRA123301
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 16.6900%
- **C.17 - Yield as of Reporting Date:** 4.4700%
- **C.11 - Maturity Date (WAM):** 2023-03-01
- **C.12 - Maturity Date (WAL):** 2023-03-01
- **C.13 - Final Legal Maturity Date:** 2023-03-01
- **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: FIXED INCOME CLEARING CORPORATION ("FICC") - BANK OF NEW YORK MELLON

- **C.1 - Title:** Fixed Income Clearing Corporation - Bank of New York Mellon, 4.5200%
- **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: BNY123301
- **C.18 - Value (incl. sponsor support):** $145000000.00
- **C.18.a - Value (excl. sponsor support):** $145000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 16.1300%
- **C.17 - Yield as of Reporting Date:** 4.5200%
- **C.11 - Maturity Date (WAM):** 2023-03-01
- **C.12 - Maturity Date (WAL):** 2023-03-01
- **C.13 - Final Legal Maturity Date:** 2023-03-01
- **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 4: FIXED INCOME CLEARING CORPORATION ("FICC") - STATE STREET BANK & TRUST CO.

- **C.1 - Title:** Fixed Income Clearing Corporation - State Street Bank & Trust Co., 4.5300%
- **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: SST123301
- **C.18 - Value (incl. sponsor support):** $225000000.00
- **C.18.a - Value (excl. sponsor support):** $225000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 25.0300%
- **C.17 - Yield as of Reporting Date:** 4.5300%
- **C.11 - Maturity Date (WAM):** 2023-03-01
- **C.12 - Maturity Date (WAL):** 2023-03-01
- **C.13 - Final Legal Maturity Date:** 2023-03-01
- **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 5: GOLDMAN SACHS & CO.

- **C.1 - Title:** Goldman Sachs & Co., 4.3500%
- **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: GOL123301
- **C.18 - Value (incl. sponsor support):** $5000000.00
- **C.18.a - Value (excl. sponsor support):** $5000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 0.5600%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2023-03-01
- **C.12 - Maturity Date (WAL):** 2023-03-01
- **C.13 - Final Legal Maturity Date:** 2023-03-01
- **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 6: GOLDMAN SACHS FINANCIAL SQUARE TREASURY OBLIGATIONS FUND

- **C.1 - Title:** Goldman Sachs Financial Square Treasury Obligations Fund, 4.4611%
- **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):** $34531433.54
- **C.18.a - Value (excl. sponsor support):** $34531433.54
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 3.8400%
- **C.17 - Yield as of Reporting Date:** 4.4600%
- **C.11 - Maturity Date (WAM):** 2023-03-07
- **C.12 - Maturity Date (WAL):** 2023-03-07
- **C.13 - Final Legal Maturity Date:** 2023-03-07
- **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 7: NOMURA SECURITIES INTERNATIONAL INC.

- **C.1 - Title:** Nomura Securities International, Inc., 4.5100%
- **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: NOM123301
- **C.18 - Value (incl. sponsor support):** $40000000.00
- **C.18.a - Value (excl. sponsor support):** $40000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 4.4500%
- **C.17 - Yield as of Reporting Date:** 4.5100%
- **C.11 - Maturity Date (WAM):** 2023-03-01
- **C.12 - Maturity Date (WAL):** 2023-03-01
- **C.13 - Final Legal Maturity Date:** 2023-03-01
- **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 8: RBC DOMINION SECURITIES INC.

- **C.1 - Title:** RBC Dominion Securities, Inc., 4.4900%
- **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: RBC123301
- **C.18 - Value (incl. sponsor support):** $180000000.00
- **C.18.a - Value (excl. sponsor support):** $180000000.00
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 20.0200%
- **C.17 - Yield as of Reporting Date:** 4.4900%
- **C.11 - Maturity Date (WAM):** 2023-03-01
- **C.12 - Maturity Date (WAL):** 2023-03-01
- **C.13 - Final Legal Maturity Date:** 2023-03-01
- **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 9: STIT GOVERNMENT & AGENCY PORTFOLIO, INSTITUTIONAL CLASS

- **C.1 - Title:** Invesco Short-Term Investments Trust, Treasury Portfolio, Institutional Class, 4.5114%
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 825252406, C.4 - ISIN: US8252524066
- **C.18 - Value (incl. sponsor support):** $62889103.67
- **C.18.a - Value (excl. sponsor support):** $62889103.67
- **Principal Amount:** —
- **Amortized Cost:** —
- **Fair Value:** —
- **C.19 - Percentage of Net Assets:** 7.0000%
- **C.17 - Yield as of Reporting Date:** 4.5100%
- **C.11 - Maturity Date (WAM):** 2023-03-07
- **C.12 - Maturity Date (WAL):** 2023-03-07
- **C.13 - Final Legal Maturity Date:** 2023-03-07
- **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:** 2023-03-06

**By:** /s/ Denise Lewis

**Name of Signing Officer:** Denise Lewis

**Title of Signing Officer:** Treasurer