# EDGAR Filing Document

**Accession Number:** 0000864508
**File Stem:** 0001752724-25-177853
**Filing Date:** 2025-7
**Character Count:** 18516
**Document Hash:** a65643e2161bb8bb1a3c5fc1034ff1fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177853.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177853

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250831

**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:** 251149434

**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:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $12666594.29

**Total Liabilities:** $405090.27

**Net Assets:** $12261504.02

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -126.45849369 | **1-Year:** -54.93685388 | **5-Year:** -1.45701294 | **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 | 0.23%                | 0.04%                | 0.32%                |
| Class ID C000196705 | 0.25%                | 0.07%                | 0.34%                |
| Class ID C000196704 | 0.25%                | 0.16%                | 0.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-5892.41                                  |
| Month 2  | $0.00                    | $-15467.60                                 |
| Month 3  | $0.00                    | $8228.36                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WEST CHICAGO ILL PK DIST                                                                      | WEST CHICAGO PARK DISTRICT                         | CUSIP: 952083LY7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    305000 | PA      | $307268.77    | 2.51%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAXAHACHIE TEX INDPT SCH DIST                                                                 | WAXAHACHIE TX INDEP SCH DIST                       | CUSIP: 944097A87<br>LEI: N/A | Long             | DBT              | MUN               | US        |    515000 | PA      | $516963.59    | 4.22%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DYERSBURG TENN                                                                                | CITY OF DYERSBURG TN                               | CUSIP: 267597NW8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $250011.76    | 2.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO SPRINGS COLO UTILS REV                                                               | COLORADO SPRINGS CO                                | CUSIP: 196632LH4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    475000 | PA      | $475000.00    | 3.87%             | 2040-11-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE IND SCH CORP                                                                        | LAFAYETTE SCHOOL CORP                              | CUSIP: 506336DE3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $402986.24    | 3.29%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MSD WARREN TWP IND VISION 2005 SCH BLDG CORP                                                  | MSD WARREN TOWNSHIP VISION 2005 SCHOOL BUILDING CO | CUSIP: 553543KC2<br>LEI: N/A | Long             | DBT              | MUN               | US        |    250000 | PA      | $250381.83    | 2.04%             | 2025-07-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARRENSVILLE HEIGHTS OHIO                                                                     | CITY OF WARRENSVILLE HEIGHTS OH                    | CUSIP: 936104LR7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400002.00    | 3.26%             | 2025-06-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FAIRVIEW PARK OHIO                                                                            | CITY OF FAIRVIEW PARK OH                           | CUSIP: 305837KM7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $502564.40    | 4.10%             | 2025-11-13      | 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        |    200000 | PA      | $200000.00    | 1.63%             | 2029-12-01      | Variable      | 2.95%                 | 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        |    200000 | PA      | $200000.00    | 1.63%             | 2030-12-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CAMBRIDGE WIS SCH DIST                                                                        | CAMBRIDGE SCHOOL DISTRICT                          | CUSIP: 132610DC7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400229.40    | 3.26%             | 2025-09-03      | Fixed         | 4.50%                 | 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      | $354681.32    | 2.89%             | 2026-06-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HUNTLEY ILL PK DIST                                                                           | HUNTLEY PARK DISTRICT                              | CUSIP: 446873EA5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $403662.32    | 3.29%             | 2025-12-30      | 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        |    400000 | PA      | $400000.00    | 3.26%             | 2055-07-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PARMA OHIO                                                                                    | CITY OF PARMA OH                                   | CUSIP: 701723TP3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400914.32    | 3.27%             | 2025-07-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PMA LEVY & AID ANTIC NTS PROGRAM WIS                                                          | PMA LEVY AID ANTIC NTS PROGRAM WI                  | CUSIP: 730146DH7<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $500446.49    | 4.08%             | 2025-06-27      | 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        |    430000 | PA      | $430000.00    | 3.51%             | 2029-11-15      | Variable      | 1.95%                 | No            |                  2 | 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        |    360000 | PA      | $360000.00    | 2.94%             | 2027-11-01      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| SOUTH PUTNAM IND HIGH SCH BLDG CORP                                                           | SOUTH PUTNAM HIGH SCHOOL BUILDING CORP             | CUSIP: 839604FP5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    265000 | PA      | $265421.88    | 2.16%             | 2025-07-15      | Fixed         | 5.00%                 | 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      | $504195.75    | 4.11%             | 2026-03-12      | Fixed         | 4.75%                 | 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        |     14362 | NS      | $14362.48     | 0.12%             |  |  |  | No            |                  1 | 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    | 4.32%             | 2039-10-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA REV                                                                         | DISTRICT OF COLUMBIA REVENUE                       | CUSIP: 25483VAE4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 4.08%             | 2045-11-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OKLA FIN AUTH EDL FACS LEASE REV                                                | OKLAHOMA COUNTY FINANCE AUTHORITY                  | CUSIP: 67868UFW8<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $502455.85    | 4.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYOMING OHIO                                                                                  | WYOMING OH                                         | CUSIP: 983425FE4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $400605.08    | 3.27%             | 2025-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SONTERRA MUN UTIL DIST TEX                                                                    | SONTERRA MUNICIPAL UTILITY DISTRICT                | CUSIP: 83569BQB3<br>LEI: N/A | Long             | DBT              | MUN               | US        |    500000 | PA      | $501598.65    | 4.09%             | 2025-08-15      | Fixed         | 5.00%                 | 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    | 1.63%             | 2032-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR-OHIO INC                                                                     | AMERICAN MUNICIPAL POWER INC                       | CUSIP: 027651ZL5<br>LEI: N/A | Long             | DBT              | MUN               | US        |    425000 | PA      | $426076.31    | 3.47%             | 2025-11-06      | Fixed         | 4.25%                 | 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      | $392736.94    | 3.20%             | 2026-01-01      | 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      | $267088.73    | 2.18%             | 2025-12-01      | 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      | $311938.46    | 2.54%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE CNTY OHIO                                                                                | COUNTY OF LAKE OH                                  | CUSIP: 5094266F4<br>LEI: N/A | Long             | DBT              | MUN               | US        |    469000 | PA      | $470266.68    | 3.84%             | 2025-11-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRUMBULL CNTY OHIO                                                                            | COUNTY OF TRUMBULL OH                              | CUSIP: 898133ZN6<br>LEI: N/A | Long             | DBT              | MUN               | US        |    400000 | PA      | $401769.04    | 3.28%             | 2026-03-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Cavanal Hill Funds

**Signature:** Jerica Newbill

**Name of Signer:** Jerica Newbill

**Title:** Treasurer