# EDGAR Filing Document

**Accession Number:** 0000864508
**File Stem:** 0001004726-26-000402
**Filing Date:** 2026-1
**Character Count:** 18515
**Document Hash:** 8f2cb44b37306703909962007e1a9749
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-000402.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001004726-26-000402

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cavanal Hill Funds
- **CENTRAL INDEX KEY:** 0000864508

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06114
- **FILM NUMBER:** 26562920

**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

### Ultra Short Tax-Free Income Fund (Series ID: S000060081)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000196703 | Class A       | AAUSX           |
| C000196704 | Institutional | AIUSX           |
| C000196705 | Investor      | APUSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Cavanal Hill Funds

- **b. Investment Company Act file number:** 811-06114

- **c. CIK number of Registrant:** 0000864508

- **d. LEI of Registrant:** 5493008U4I3BDPVDR774

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4400 Easton Commons

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43219

  - **Telephone number:** 800-762-7085

**Item A.2. Information about the Series.**

- **a. Name of Series:** Ultra Short Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000060081

- **c. LEI of Series:** 549300IU1Y07M8WCAM66

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $12352115.59

**Total Liabilities:** $424027.81

**Net Assets:** $11928087.78

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -107.01573410 | **1-Year:** -140.87034381 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196703 | 0.22%                | 0.12%                | 0.31%                |
| Class ID C000196705 | 0.22%                | 0.14%                | 0.31%                |
| Class ID C000196704 | 0.24%                | 0.24%                | 0.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-5060.83                                  |
| Month 2  | $0.00                    | $-5998.16                                  |
| Month 3  | $0.00                    | $4763.56                                   |

### Schedule of Portfolio Investments

| Name                                                                                          | Title                                              | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ROCKFORD ILL                                                                                  | ROCKFORD IL                                        | CUSIP: 77316QL56<br>LEI: N/A | Long             | DBT              | MUN               | US        |    350000 | PA      | $350265.58    | 2.94%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE IND SCH CORP                                                                        | LAFAYETTE SCHOOL CORP                              | CUSIP: 506336DE3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400649.72    | 3.36%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD ILL REV                                                                            | BROOKFIELD IL                                      | CUSIP: 112732AA0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 4.19%             | 2038-06-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV                                                 | MET WASHINGTON DC AIRPORTS SYS REVENUE             | CUSIP: 592646M91<br>LEI: N/A | Long             | DBT              | MUN               | US        |    530000 | PA      | $530000.00    | 4.44%             | 2039-10-01      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV INDL DEV REV                                                                   | CLARK COUNTY NV INDL DEV REVENUE                   | CUSIP: 181004DX7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 3.35%             | 2039-12-01      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| SAXE GOTHA-LEXINGTON PUB FACS CORP S C REV                                                    | SAXE GOTHA LEXINGTON PUBLIC FACILITIES CORP        | CUSIP: 805547AU0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $502039.00    | 4.21%             | 2026-03-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRUMBULL CNTY OHIO                                                                            | COUNTY OF TRUMBULL OH                              | CUSIP: 898133ZN6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $401068.08    | 3.36%             | 2026-03-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RICHMOND HEIGHTS OHIO                                                                         | CITY OF RICHMOND HEIGHTS OH                        | CUSIP: 764717HR8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $504652.95    | 4.23%             | 2026-07-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CENTER GROVE IND CMNTY SCH CORP                                                               | CENTER GROVE COMMUNITY SCHOOL CORP                 | CUSIP: 151469FT5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    390000 | PA      | $390471.13    | 3.27%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYSVILLE OHIO                                                                               | MARYSVILLE OH                                      | CUSIP: 574463NR2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    403000 | PA      | $409070.23    | 3.43%             | 2026-08-06      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WEST CHICAGO ILL PK DIST                                                                      | WEST CHICAGO PARK DISTRICT                         | CUSIP: 952083LY7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    305000 | PA      | $305014.79    | 2.56%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTLEY ILL PK DIST                                                                           | HUNTLEY PARK DISTRICT                              | CUSIP: 446873EA5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400572.28    | 3.36%             | 2025-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                                                                     | STATE OF HAWAII                                    | CUSIP: 419792CE4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    310000 | PA      | $311153.08    | 2.61%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALDEZ ALASKA MARINE TERM REV                                                                 | VALDEZ AK MARINE TERMINAL REVENUE                  | CUSIP: 919061EH0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    360000 | PA      | $360000.00    | 3.02%             | 2029-12-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE                                      | MISSISSIPPI ST BUSINESS FIN COMMISSION GULF OPP    | CUSIP: 60528AAU8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 3.35%             | 2030-12-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FLA REV                                                                       | PALM BEACH COUNTY REVENUE                          | CUSIP: 696547CN6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 1.68%             | 2032-07-01      | Variable      | 2.82%                 | No            |                  2 | On Loan: No      |
| EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV                                               | EAST BATON ROUGE PARISH INDUSTRIAL DEVELOPMENT BOA | CUSIP: 270777AC9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 1.68%             | 2035-08-01      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV                                            | NORTH CAROLINA MEDICAL CARE COMMISSION             | CUSIP: 657902V25<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 3.35%             | 2034-11-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| BELMONT CNTY OHIO                                                                             | COUNTY OF BELMONT OH                               | CUSIP: 080257RW0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $504848.90    | 4.23%             | 2026-08-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REV                                                                   | LOUISIANA ST PUBLIC FACS AUTH REVENUE              | CUSIP: 546398C71<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 3.35%             | 2047-07-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| NORTH WEST HENDRICKS MULTI-SCH BLDG CORP IND                                                  | NORTH WEST HENDRICKS MULTI BUILDING CORP           | CUSIP: 66328RDS2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $253029.50    | 2.12%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND WAYNE JASPER CLAY & LAWRENCE CNTYS ILL CMNTY UNIT SCH DIST NO 1                      | RICHLAND COUNTY COMMUNITY UNIT SCHOOL DISTRICT NO  | CUSIP: 763056CZ9<br>LEI: N/A | Long             | DBT              | MUN               | US        |    265000 | PA      | $265013.50    | 2.22%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                         | ILLINOIS FINANCE AUTHORITY                         | CUSIP: 45204FME2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 2.52%             | 2055-07-15      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| TWIN LAKES IND SCH BLDG CORP                                                                  | TWIN LAKES SCHOOL BUILDING CORP                    | CUSIP: 901663FM1<br>LEI: N/A | Long             | DBT              | MUN               | US        |    360000 | PA      | $364097.70    | 3.05%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY WYO POLLUTN CTL REV                                                              | LINCOLN CNTY WY POLL CONTROL REVENUE               | CUSIP: 533485BB3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 1.68%             | 2044-10-01      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| OAKWOOD VLG OHIO                                                                              | VILLAGE OF OAKWOOD OH CUYAHOGA COUNTY              | CUSIP: 674181BS0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    350000 | PA      | $353053.16    | 2.96%             | 2026-06-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ELYRIA OHIO                                                                                   | CITY OF ELYRIA OH                                  | CUSIP: 2906416R5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $402862.12    | 3.38%             | 2026-06-25      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VANDALIA OHIO                                                                                 | CITY OF VANDALIA OH                                | CUSIP: 921730GP6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    350000 | PA      | $353876.71    | 2.97%             | 2026-08-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HUBER HEIGHTS OHIO                                                                            | HUBER HEIGHTS OH                                   | CUSIP: 443524XD0<br>LEI: N/A | Long             | DBT              | MUN               | US        |    450000 | PA      | $455363.06    | 3.82%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX HOTEL OCCUPANCY TAX REV                                                            | AUSTIN TEXAS HOTEL OCCUPANCY TAX REVENUE           | CUSIP: 052422DQ2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    330000 | PA      | $330000.00    | 2.77%             | 2029-11-15      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| PLAIN CITY OHIO                                                                               | PLAIN CITY OH                                      | CUSIP: 726136AR5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $508896.95    | 4.27%             | 2026-09-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cavanal Hill Funds: Cavanal Hill Government Securities Money Market Fund; Select Class Shares | CAVANAL HILL GOVERNMENT SECURITIES MONEY MARKET    | CUSIP: 14956P810<br>LEI: N/A | Long             | STIV             | RF                | US        |     36224 | NS      | $36223.59     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTGOMERY CNTY TENN PUB BLDG AUTH POOLED FING REV                                            | MONTGOMERY COUNTY PUBLIC BUILDING AUTHORITY        | CUSIP: 613679AB5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    465000 | PA      | $465000.00    | 3.90%             | 2027-11-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Cavanal Hill Funds

**Signature:** Jerica Newbill

**Name of Signer:** Jerica Newbill

**Title:** Treasurer