CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (6.0%) | ||||||||
$ | 1,886,554 | AccessLex Institute, Series 2007-1, Class C, 2.34% (US0003M + 40 bps), 10/25/35* | $ | 1,647,051 | ||||
878,515 | Cazenovia Creek Funding II LLC, Series 2018-1A, Class A, 3.56%, 7/15/30*(a) | 884,195 | ||||||
1,586 | Citigroup Mortgage Loan Trust, Inc., Series 2005-WF1, Class A5, 5.01%, 11/25/34*(b) | 1,597 | ||||||
318 | Countrywide Asset-Backed Certificates, Series 2002-S1, Class A5, 6.46%, 5/25/32*(b) | 318 | ||||||
4,390 | Countrywide Home Equity Loan Trust, Series 2004-C, Class C, 1.99% (US0001M + 22 bps), 1/15/34* | 4,368 | ||||||
1,053,865 | Fannie Mae Grantor Trust, Series 2003-T4, Class 2A5, 4.65%, 9/26/33*(b) | 1,194,687 | ||||||
457,984 | Fremont Home Loan Trust, Series 2004-3, Class 10A1, 3.58% (US0001M + 188 bps), 11/25/34* | 297,811 | ||||||
186 | IMC Home Equity Loan Trust, Series 1998-1, Class A6, 7.02%, 6/20/29*(b) | 187 | ||||||
792,000 | New Century Home Equity Loan Trust, Series 2005-A, Class A4W, 4.68%, 8/25/35*(b) | 806,730 | ||||||
6,163 | Raspro Trust, Series 2005-1A, Class G, 2.56% (US0003M + 40 bps), 3/23/24(c) | 6,162 | ||||||
149,359 | Residential Asset Mortgage Products, Inc., Series 2002-RS2, Class AI5, 6.03%, 3/25/32* | 154,998 | ||||||
6,539 | Saxon Asset Securities Trust, Series 2003-3, Class AF6, 4.67%, 12/25/33*(b) | 6,580 | ||||||
125,243 | Soundview Home Equity Loan Trust, Series 2005-B, Class M2, 6.23%, 5/25/35*(b) | 119,419 | ||||||
199,828 | Structured Asset Investment Loan, Series 2004-10, Class A4, 2.71% (US0001M + 100 bps), 11/25/34* | 200,089 | ||||||
856,109 | Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-6XS, Class A5A, 6.03%, 3/25/34*(b) | 875,400 | ||||||
1,014,130 | Sun Trust Student Loan Trust, Series 2006-1A, Class B, 2.21% (US0003M + 27 bps), 10/28/37*(a) | 906,435 | ||||||
Total Asset Backed Securities | 7,106,027 | |||||||
Mortgage Backed Securities† (46.0%) | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities (1.2%) | ||||||||
11,599 | Bear Stearns Alternative Trust, Series 2005-5, Class 26A1, 3.80%, 7/25/35*(b) | 10,246 | ||||||
117,073 | Bear Stearns Alternative Trust, Series 2006-1, Class 21A2, 3.96%, 2/25/36*(b) | 101,165 | ||||||
21,241 | Countrywide Alternative Loan Trust, Series 2005-24, Class 1A1, 3.64% (12MTA + 131 bps), 7/20/35* | 18,083 | ||||||
1,745 | Deutsche Mortgage Securities, Inc., Series 2006-ABR, Class A1B1, 1.81% (US0001M + 10 bps), 10/25/36* | 1,330 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 12,458 | Deutsche Mortgage Securities, Inc., Series 2003-4XS, Class A6A, 5.32% (US0003M + 119 bps), 10/25/33* | $ | 12,530 | ||||
5,926 | Deutsche Mortgage Securities, Inc., Series 2006-AB4, Class A1A, 6.01%, 10/25/36*(b) | 5,634 | ||||||
9,117 | First Horizon Alternative Mortgage Securities, Series 2004-AA3, Class A1, 4.07%, 9/25/34*(b) | 9,145 | ||||||
30,740 | Master Adjustable Rate Mortgage Trust, Series 2004-13, Class 2A1, 4.60%, 4/21/34*(b) | 31,386 | ||||||
1,121,837 | Nomura Asset Acceptance Corp., Series 2005-AR4, Class 3A1, 4.51%, 8/25/35*(b) | 1,132,289 | ||||||
20,837 | RBSSP Resecuritization Trust, Series 2009-5, Class 13A4, 2.28% (US0001M + 50 bps), 8/26/37(c) | 20,770 | ||||||
24,985 | Residential Accredit Loans, Inc., Series 2006-QA1, Class A21, 4.03%, 1/25/36*(b) | 22,622 | ||||||
43,173 | Residential Accredit Loans, Inc., Series 2004-QA4, Class NB21, 4.38%, 9/25/34*(b) | 43,721 | ||||||
1,408,921 | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (0.8%) | ||||||||
15,561 | Chaseflex Trust, Series 2005-1, Class 2A4, 5.50%, 2/25/35* | 14,038 | ||||||
26,602 | Citigroup Mortgage Alternative Loan Trust, Series 2006-A3, Class 1A5, 6.00%, 7/25/36* | 26,250 | ||||||
1,742 | Countrywide Alternative Loan Trust, Series 2004-12CB, Class 1A1, 5.00%, 7/25/19* | 1,740 | ||||||
20,475 | Countrywide Alternative Loan Trust, Series 2005-J13, Class 2A3, 5.50%, 11/25/35* | 18,423 | ||||||
22,017 | Countrywide Alternative Loan Trust, Series 2006-2CB, Class A3, 5.50%, 3/25/36* | 15,774 | ||||||
22,823 | Countrywide Alternative Loan Trust, Series 2006-31CB, Class A16, 6.00%, 11/25/36* | 19,036 | ||||||
23,233 | Countrywide Alternative Loan Trust, Series 2006-43CB, Class 1A4, 6.00%, 2/25/37* | 19,100 | ||||||
155,899 | Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37* | 106,967 | ||||||
72,874 | Countrywide Alternative Loan Trust, Series 2004-J8, Class 2A1, 7.00%, 8/25/34* | 76,472 | ||||||
54,133 | First Horizon Alternative Mortgage Securities, Series 2006-FA3, Class A6, 6.00%, 7/25/36* | 41,184 | ||||||
685 | Master Adjustable Rate Mortgage Trust, Series 2005-3, Class 4A1, 5.50%, 3/25/20* | 684 | ||||||
928 | Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20* | 986 | ||||||
4,634 | Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34* | 4,959 |
See notes to the schedule of portfolio investments.
-1-
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 400,930 | Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34* | $ | 438,753 | ||||
21,627 | Master Alternative Loans Trust, Series 2004-1, Class 3A1, 7.00%, 1/25/34* | 23,130 | ||||||
3,933 | Master Alternative Loans Trust, Series 2004-3, Class 8A1, 7.00%, 4/25/34* | 4,362 | ||||||
1,746 | Residential Accredit Loans, Inc., Series 2003-QS14, Class A1, 5.00%, 7/25/18* | 1,704 | ||||||
745 | Residential Accredit Loans, Inc., Series 2004-QS13, Class CB, 5.00%, 9/25/19* | 739 | ||||||
6,858 | Residential Accredit Loans, Inc., Series 2004-QS6, Class A1, 5.00%, 5/25/19* | 6,631 | ||||||
39,700 | Residential Accredit Loans, Inc., Series 2006-QS6, Class 1A2, 6.00%, 6/25/36* | 37,721 | ||||||
45,106 | Residential Asset Securitization Trust, Series 2006-A9CB, Class A5, 6.00%, 9/25/36* | 26,953 | ||||||
33,731 | Residential Asset Securitization Trust, Series 2007-A5, Class 2A3, 6.00%, 5/25/37* | 28,584 | ||||||
20,169 | Wells Fargo Mortgage Backed Securities Trust, Series 2005-1, Class 2A3, 5.50%, 2/25/35* | 20,002 | ||||||
934,192 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (1.3%) | ||||||||
39,814 | Adjustable Rate Mortgage Trust, Series 2004-4, Class 1A1, 3.56%, 3/25/35*(b) | 39,411 | ||||||
6,617 | Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A22, 4.65%, 5/25/35(b) | 6,716 | ||||||
343,732 | American Home Mortgage Investment Trust, Series 2006-2, Class 3A2, 6.70%, 6/25/36*(b) | 116,611 | ||||||
6,355 | Bank of America Mortgage Securities, Series 2006-B, Class 2A1, 3.85%, 11/20/46*(b) | 6,149 | ||||||
9,631 | Bank of America Mortgage Securities, Series 2006-A, Class 2A1, 4.38%, 2/25/36*(b) | 9,020 | ||||||
9,583 | Bank of America Mortgage Securities, Series 2003-H, Class 2A3, 4.59%, 9/25/33*(b) | 9,630 | ||||||
5,596 | Bank of America Mortgage Securities, Series 2004-E, Class 1A1, 4.83%, 6/25/34*(b) | 5,673 | ||||||
8,770 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1, 4.27% (H15T1Y + 230 bps), 10/25/35* | 9,011 | ||||||
7,859 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 1A1, 4.32%, 9/25/34*(b) | 7,760 | ||||||
5,711 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 15A1, 4.37%, 1/25/35*(b) | 5,823 | ||||||
24,899 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-4, Class 1A1, 4.65%, 10/25/36*(b) | 24,478 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 26,120 | Bear Stearns Mortgage Securities, Inc., Series 1997-6, Class 1A, 6.31%, 3/25/31*(b) | $ | 26,013 | ||||
16,229 | Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.80%, 7/25/37*(b) | 14,713 | ||||||
14,595 | Citigroup Mortgage Loan Trust, Inc., Series 2005-3, Class 2A2A, 4.54%, 8/25/35(b) | 14,850 | ||||||
284,660 | Coast Savings & Loan Association, Series 1992-1, Class A, 3.15%, 7/25/22*(b) | 288,903 | ||||||
278 | Countrywide Home Loans, Series 2003-42, Class 1A1, 3.99%, 9/25/33*(b) | 260 | ||||||
12,190 | Countrywide Home Loans, Series 2004-12, Class 10A1, 4.14%, 8/25/34*(b) | 12,265 | ||||||
12,636 | Countrywide Home Loans, Series 2003-58, Class 2A2, 4.15%, 2/19/34*(b) | 12,970 | ||||||
5,238 | Countrywide Home Loans, Series 2003-60, Class 2A1, 4.43%, 2/25/34*(b) | 5,308 | ||||||
38,454 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR28, Class CB3, 4.10%, 11/25/32*(b) | 17,909 | ||||||
35,169 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR7, Class 2A1, 4.39%, 11/25/34*(b) | 36,486 | ||||||
13,200 | First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1, 4.09%, 10/25/35*(b) | 12,861 | ||||||
79,683 | GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 3A1, 3.93%, 11/19/35*(b) | 76,625 | ||||||
40,492 | GSR Mortgage Loan Trust, Series 2005-AR2, Class 1A2, 4.40%, 4/25/35*(b) | 41,283 | ||||||
17,280 | GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1, 4.67%, 11/25/35*(b) | 17,405 | ||||||
77,650 | Harborview Mortgage Loan Trust, Series 2004-10, Class 3A1B, 3.95%, 1/19/35*(b) | 78,170 | ||||||
10,622 | Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A, 4.54%, 12/19/35*(b) | 10,544 | ||||||
22,568 | Indymac Index Mortgage Loan Trust, Series 2006-AR25, Class 4A2, 3.47%, 9/25/36*(b) | 22,434 | ||||||
29,381 | Indymac Index Mortgage Loan Trust, Series 2006-AR13, Class A1, 3.68%, 7/25/36*(b) | 25,444 | ||||||
45,549 | Indymac Index Mortgage Loan Trust, Series 2006-AR19, Class 1A2, 3.91%, 8/25/36*(b) | 37,113 | ||||||
15,290 | Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 1A, 4.04%, 8/25/34*(b) | 15,545 | ||||||
30,619 | Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 3A, 4.29%, 8/25/34*(b) | 30,706 | ||||||
3,032 | JPMorgan Mortgage Trust, Series 2006-A5, Class 3A4, 4.18%, 8/25/36*(b) | 2,810 | ||||||
2,995 | JPMorgan Mortgage Trust, Series 2005-A4, Class 3A1, 4.28%, 7/25/35*(b) | 3,042 |
See notes to the schedule of portfolio investments.
-2-
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 13,048 | Merrill Lynch Mortgage Investors Trust, Series 2004-1, Class 2A2, 4.03%, 12/25/34*(b) | $ | 13,251 | ||||
1,518 | Merrill Lynch Mortgage Investors Trust, Series 2004-A1, Class 2A2, 4.21%, 2/25/34*(b) | 1,539 | ||||||
11,303 | Merrill Lynch Mortgage Investors Trust, Series 2004-A2, Class 1A, 4.80%, 7/25/34*(b) | 11,525 | ||||||
13,348 | Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 3A, 4.34%, 8/25/34*(b) | 13,632 | ||||||
17,604 | Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 2A2, 4.72%, 8/25/34*(b) | 17,822 | ||||||
38,570 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 1A2, 4.02%, 12/25/34*(b) | 37,756 | ||||||
78,233 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-4, Class 1A1, 4.46%, 4/25/34*(b) | 78,662 | ||||||
3,381 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A1, 4.52%, 2/25/34*(b) | 3,487 | ||||||
10,397 | Structured Asset Mortgage Investments, Inc., Series 2005-AR7, Class 1A1, 3.95%, 12/27/35*(b) | 11,570 | ||||||
23,679 | Structured Asset Securities Corp., Series 2003-24A, Class 1A3, 4.40%, 7/25/33*(b) | 24,196 | ||||||
204,320 | Thornburg Mortgage Securities Trust, Series 2007-4, Class 3A1, 4.05%, 9/25/37*(b) | 205,314 | ||||||
3,741 | Wachovia Mortgage Loan Trust LLC, Series 2005-A, Class 4A2, 4.85%, 8/20/35*(b) | 321 | ||||||
11,664 | Washington Mutual, Series 2006-AR10, Class 1A2, 3.73%, 9/25/36*(b) | 11,261 | ||||||
2,064 | Washington Mutual, Series 2006-AR8, Class 1A1, 3.88%, 8/25/46*(b) | 1,998 | ||||||
7,396 | Washington Mutual, Series 2004-AR3, Class A2, 4.49%, 6/25/34*(b) | 7,596 | ||||||
9,693 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR10, Class A1B, 2.13% (US0001M + 42 bps), 7/25/44* | 9,646 | ||||||
74,955 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR14, Class 1A1, 3.27%, 11/25/36*(b) | 72,247 | ||||||
1,565,764 | ||||||||
Prime Fixed Mortgage Backed Securities (19.4%) | ||||||||
263,996 | Agate Bay Mortgage Trust, Series 2015-7, Class A6, 3.00%, 10/25/45*(b)(c) | 262,955 | ||||||
1,564,716 | Citigroup Mortgage Loan Trust, Series 2014-C, Class A, 3.25%, 2/25/54*(b)(c) | 1,563,129 | ||||||
18,492 | Citigroup Mortgage Loan Trust, Inc., Series 2003-1, Class WA2, 6.50%, 6/25/31* | 19,016 | ||||||
104,149 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 1CB2, 6.75%, 8/25/34* | 111,983 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 17,933 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 2CB3, 8.00%, 8/25/34* | $ | 19,834 | ||||
6,903 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-7, Class 5A1, 5.00%, 10/25/19* | 7,082 | ||||||
95,745 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-23, Class 1A11, 6.00%, 10/25/33 | 98,953 | ||||||
35,443 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33* | 37,136 | ||||||
24,744 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-1, Class 1A1, 7.00%, 2/25/33* | 27,306 | ||||||
64,986 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-10, Class 2B1, 7.50%, 5/25/32* | 38,542 | ||||||
112,091 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-34, Class 1A1, 7.50%, 12/25/32* | 126,409 | ||||||
1,780,165 | Credit Suisse Mortgage Trust, Series 2015-3, Class A9, 3.50%, 3/25/45*(b)(c) | 1,815,283 | ||||||
1,560,080 | EverBank Mortgage Loan Trust, Series 2018-1, Class A4, 3.50%, 2/25/48*(b)(c) | 1,583,055 | ||||||
2,751,727 | Flagstar Mortgage Trust, Series 2017-1, Class 1A5, 3.50%, 3/25/47*(b)(c) | 2,806,012 | ||||||
120,725 | Galton Funding Mortgage Trust, Series 2018-1, Class A43, 3.50%, 11/25/57*(b)(c) | 122,027 | ||||||
54,306 | GSR Mortgage Loan Trust, Series 2003-3F, Class 2A1, 4.50%, 4/25/33* | 53,867 | ||||||
2,977 | GSR Mortgage Loan Trust, Series 2005-8F, Class 7A1, 5.50%, 10/25/20* | 1,858 | ||||||
27,154 | GSR Mortgage Loan Trust, Series 2005-8F, Class 3A4, 6.00%, 11/25/35* | 19,793 | ||||||
2,203,451 | JPMorgan Mortgage Trust, Series 2017-2, Class A4, 3.00%, 5/25/47*(b)(c) | 2,212,994 | ||||||
1,515,134 | JPMorgan Mortgage Trust, Series 2017-3, Class 1A5, 3.50%, 8/25/47*(b)(c) | 1,534,606 | ||||||
1,369,870 | JPMorgan Mortgage Trust, Series 2018-1, Class A5, 3.50%, 6/25/48*(b)(c) | 1,390,044 | ||||||
13,166 | Lehman Mortgage Trust, Series 2005-3, Class 1A3, 5.50%, 1/25/36* | 10,905 | ||||||
1,172,332 | MFRA Trust, Series 2017-RPL1, Class A1, 2.59%, 2/25/57*(b)(c) | 1,166,256 | ||||||
1,411,708 | Onslow Bay Financial LLC, Series 2018-EXP2, Class 1A1, 4.00%, 11/25/48*(b)(c) | 1,425,572 | ||||||
2,434 | Prime Mortgage Trust, Series 2005-2, Class 1A3, 5.25%, 7/25/20* | 2,429 | ||||||
1,228,284 | PSMC Trust, Series 2018-1, Class A3, 3.50%, 2/25/48*(b)(c) | 1,247,140 | ||||||
9,863 | Residential Funding Mortgage Securities I, Series 2005-S7, Class A1, 5.50%, 11/25/35* | 9,338 | ||||||
14,959 | Residential Funding Mortgage Securities I, Series 2003-S9, Class A1, 6.50%, 3/25/32* | 15,455 | ||||||
1,253,045 | Sequoia Mortgage Trust, Series 2018-5, Class A4, 3.50%, 5/25/48*(b)(c) | 1,266,800 |
See notes to the schedule of portfolio investments.
-3-
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 709,882 | Sequoia Mortgage Trust, Series 2018-CH1, Class A10, 4.00%, 2/25/48*(b)(c) | $ | 717,052 | ||||
678,113 | Sequoia Mortgage Trust, Series 2018-CH2, Class A12, 4.00%, 6/25/48*(b)(c) | 683,542 | ||||||
102,954 | Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29* | 109,835 | ||||||
890,193 | Verus Securitization Trust, Series 2017-SG1A, Class A1, 2.69%, 11/25/47*(b)(c) | 887,524 | ||||||
1,706,174 | Verus Securitization Trust, Series 2018-INV2, Class A1FX, 4.15%, 10/25/58*(b)(c) | 1,737,833 | ||||||
5,326 | Washington Mutual, Series 2003-S4, Class 4A1, 4.00%, 2/25/32* | 5,504 | ||||||
1,153 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB4, Class 22A, 6.00%, 12/25/19* | 1,151 | ||||||
23,138,220 | ||||||||
Subprime Mortgage Backed Securities (3.8%) | ||||||||
888,053 | Towd Point Mortgage Trust, Series 2016-1, Class A1B, 2.75%, 2/25/55*(b)(c) | 888,971 | ||||||
886,614 | Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75%, 10/25/56*(b)(c) | 890,288 | ||||||
1,704,301 | Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 4/25/57*(b)(c) | 1,718,301 | ||||||
1,065,740 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57*(b)(c) | 1,074,363 | ||||||
4,571,923 | ||||||||
U.S. Government Agency Mortgage Backed Securities (19.5%) | ||||||||
421,876 | Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42 | 412,096 | ||||||
257,054 | Fannie Mae, Series 2012-31, Class PA, 2.00%, 4/25/41 | 256,125 | ||||||
594,594 | Fannie Mae, Series 2012-51, Class EB, 2.00%, 1/25/40 | 591,015 | ||||||
599,065 | Fannie Mae, Series 2012-96, Class PD, 2.00%, 7/25/41 | 595,540 | ||||||
474,422 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 471,015 | ||||||
266,196 | Fannie Mae, Series 2013-68, Class LE, 2.00%, 4/25/43 | 260,997 | ||||||
317,209 | Fannie Mae, Series 2011-126, Class ED, 2.25%, 4/25/40 | 318,194 | ||||||
201,519 | Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42 | 201,636 | ||||||
330,938 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 331,561 | ||||||
48,961 | Fannie Mae, Series 2012-2, Class 10A1, 2.50%, 5/25/41 | 49,528 | ||||||
2,973,862 | Fannie Mae, Series 18-83, Class LC, 3.00%, 11/25/48 | 2,997,718 | ||||||
153,968 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 158,058 | ||||||
64,453 | Fannie Mae, Series 2011-124, Class 10A1, 3.00%, 9/25/29 | 64,654 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 572,421 | Fannie Mae, Series 2014-1, Class AB, 3.00%, 6/25/43 | $ | 587,736 | ||||
4,214 | Fannie Mae, 3.99% (H15T1Y + 187 bps), 12/1/22, Pool #303247 | 4,278 | ||||||
16,988 | Fannie Mae, 4.42% (US0012M + 132 bps), 1/1/35, Pool #805386 | 17,543 | ||||||
1,012,705 | Fannie Mae, Series 2003-W14, Class 2A, 4.53%, 1/25/43*(b) | 1,058,900 | ||||||
734,695 | Fannie Mae, Series 2003-W16, Class AF5, 4.53%, 11/25/33*(b) | 802,166 | ||||||
3,401 | Fannie Mae, 4.59% (H15T1Y + 216 bps), 6/1/32, Pool #725286 | 3,507 | ||||||
2,282,740 | Fannie Mae, Series 2003-W12, Class 3A, 4.61%, 3/25/43*(b) | 2,381,712 | ||||||
44,263 | Fannie Mae, 4.70% (H15T1Y + 229 bps), 2/1/30, Pool #556998 | 45,374 | ||||||
2,725,000 | Fannie Mae, Series 2004-W3, Class A7, 5.50%, 5/25/34* | 3,040,655 | ||||||
17,343 | Fannie Mae, Series 2001-W4, Class AF6, 5.61%, 1/25/32*(b) | 18,469 | ||||||
1,157 | Fannie Mae, Series 1992-129, Class L, 6.00%, 7/25/22 | 1,202 | ||||||
13,709 | Fannie Mae, Series 2001-W2, Class AF6, 6.59%, 10/25/31*(b) | 14,475 | ||||||
10,230 | Fannie Mae, Series 2001-W1, Class AF6, 6.90%, 7/25/31*(b) | 12,183 | ||||||
41 | Fannie Mae, Series 1991-108, Class J, 7.00%, 9/25/21 | 42 | ||||||
253 | Fannie Mae, Series 1992-195, Class C, 7.50%, 10/25/22 | 264 | ||||||
1,000 | Fannie Mae, Series 1996-42, Class LL, 7.50%, 9/25/26 | 1,094 | ||||||
241,144 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 243,065 | ||||||
1,067,841 | Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32 | 1,051,964 | ||||||
224,425 | Freddie Mac, Series 3982, Class MD, 2.00%, 5/15/39 | 223,746 | ||||||
387,368 | Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41 | 384,902 | ||||||
574,960 | Freddie Mac, Series 4030, Class DA, 2.00%, 2/15/41 | 572,464 | ||||||
779,574 | Freddie Mac, Series 4079, Class WA, 2.00%, 8/15/40 | 775,591 | ||||||
1,018,857 | Freddie Mac, Series 4272, Class YG, 2.00%, 11/15/26 | 1,022,036 | ||||||
323,633 | Freddie Mac, Series 4408, Class GA, 2.00%, 9/15/41 | 321,651 | ||||||
750,106 | Freddie Mac, Series 4039, Class ME, 2.00%, 12/15/40(b) | 748,064 | ||||||
73,546 | Freddie Mac, Series 3890, Class BA, 2.50%, 11/15/40 | 73,959 | ||||||
542,607 | Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41 | 546,654 | ||||||
648,925 | Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41 | 654,988 | ||||||
49,012 | Freddie Mac, Series 3752, Class JA, 2.75%, 4/15/40 | 49,134 | ||||||
121,646 | Freddie Mac, Series 4017, Class MA, 3.00%, 3/15/41 | 124,641 | ||||||
709,194 | Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36 | 730,390 |
See notes to the schedule of portfolio investments.
-4-
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 469,288 | Freddie Mac, Series T-67, Class 1A1C, 3.84%, 3/25/36*(b) | $ | 478,794 | ||||
4,139 | Freddie Mac, 3.86% (US0006M + 154 bps), 4/1/36, Pool #1N0148 | 4,282 | ||||||
14,664 | Freddie Mac, 4.00%, 9/1/33, Pool #N31025 | 15,225 | ||||||
15,084 | Freddie Mac, Series 3819, Class JP, 4.00%, 8/15/39 | 15,070 | ||||||
150,916 | Freddie Mac, Series 3688, Class HQ, 6.00%, 11/15/21 | 153,451 | ||||||
1,000 | Freddie Mac, Series 2454, Class LL, 6.25%, 4/15/32 | 1,008 | ||||||
205 | Freddie Mac, Series 180, Class H, 6.50%, 9/15/21* | 207 | ||||||
399 | Freddie Mac, Series 1163, Class JA, 7.00%, 11/15/21* | 404 | ||||||
976 | Freddie Mac, Series 1474, Class E, 7.00%, 2/15/23* | 1,026 | ||||||
1,188 | Freddie Mac, Series 1310, Class J, 8.00%, 6/15/22* | 1,252 | ||||||
810 | Freddie Mac, Series 1312, Class I, 8.00%, 7/15/22* | 857 | ||||||
372,496 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 362,721 | ||||||
11,072 | Government National Mortgage Assoc., Series 2012-14, Class PE, 3.00%, 11/20/40* | 11,072 | ||||||
12,596 | Government National Mortgage Assoc., 3.88% (H15T1Y + 150 bps), 5/20/34, Pool #80916 | 13,113 | ||||||
2,162 | Government National Mortgage Assoc., 4.00% (H15T1Y + 150 bps), 1/20/23, Pool #8123 | 2,193 | ||||||
3,141 | Government National Mortgage Assoc., 4.00% (H15T1Y + 150 bps), 1/20/25, Pool #8580 | 3,220 | ||||||
4,418 | Government National Mortgage Assoc., 4.00% (H15T1Y + 150 bps), 1/20/25, Pool #8585 | 4,528 | ||||||
1,547 | Government National Mortgage Assoc., 4.00% (H15T1Y + 150 bps), 3/20/26, Pool #8832 | 1,558 | ||||||
3,585 | Government National Mortgage Assoc., 4.00% (H15T1Y + 150 bps), 3/20/29, Pool #80263 | 3,611 | ||||||
1,228 | Government National Mortgage Assoc., 4.12% (H15T1Y + 150 bps), 12/20/21, Pool #8889 | 1,238 | ||||||
2,382 | Government National Mortgage Assoc., 4.12% (H15T1Y + 150 bps), 12/20/27, Pool #80141 | 2,458 | ||||||
5,367 | Government National Mortgage Assoc., 4.12% (H15T1Y + 150 bps), 11/20/29, Pool #876947 | 5,376 | ||||||
107 | Government National Mortgage Assoc., 6.50%, 12/15/25, Pool #414856 | 119 | ||||||
86 | Government National Mortgage Assoc., 7.00%, 4/20/24, Pool #1655 | 91 | ||||||
33 | Government National Mortgage Assoc., 7.00%, 11/20/26, Pool #2320 | 33 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 265 | Government National Mortgage Assoc., 7.50%, 3/15/24, Pool #376439 | $ | 271 | ||||
23,304,164 | ||||||||
Total Mortgage Backed Securities | 54,923,184 | |||||||
Corporate Bonds (12.5%) | ||||||||
Banks (4.7%) | ||||||||
1,450,000 | Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 * | 1,507,187 | ||||||
1,500,000 | Mizuho Financial Group, 2.95%, 2/28/22 | 1,525,470 | ||||||
1,000,000 | Mizuho Financial Group, Inc., 3.55%, 3/5/23 | 1,040,002 | ||||||
1,500,000 | Wells Fargo & Co., 2.63%, 7/22/22, MTN | 1,518,084 | ||||||
5,590,743 | ||||||||
Capital Markets (0.0%) | ||||||||
2,000,000 | Lehman Brothers Holdings, Inc., 6.00%, 7/19/12, MTN (d) | 25,000 | ||||||
Diversified Telecommunication Services (1.5%) | ||||||||
1,743,000 | AT&T, Inc., 2.80%, 2/17/21, Callable 1/17/21 @ 100 * | 1,758,314 | ||||||
Interactive Media & Services (2.6%) | ||||||||
3,000,000 | Baidu, Inc., 3.88%, 9/29/23, Callable 8/29/23 @ 100 * | 3,119,534 | ||||||
Sovereign Bond (1.3%) | ||||||||
500,000 | Export-Import Bank of Korea, 2.13%, 1/25/20 | 499,986 | ||||||
1,050,000 | Export-Import Bank of Korea, 2.25%, 1/21/20 | 1,050,215 | ||||||
1,550,201 | ||||||||
Tobacco (2.0%) | ||||||||
2,150,000 | Altria Group, Inc., 4.40%, 2/14/26, Callable 12/14/25 @ 100 * | 2,325,127 | ||||||
Trading Companies & Distributors (0.4%) | ||||||||
447,000 | Aviation Capital Group LLC, 7.13%, 10/15/20 (c) | 465,308 | ||||||
Total Corporate Bonds | 14,834,227 | |||||||
Taxable Municipal Bonds (1.1%) | ||||||||
Georgia (1.1%) | ||||||||
1,175,000 State of Georgia, Build America Bonds, GO, Series H, 4.50%, 11/1/25 | 1,266,944 | |||||||
Total Taxable Municipal Bonds | 1,266,944 | |||||||
U.S. Government Agency Securities (2.9%) | ||||||||
Federal Farm Credit Bank | ||||||||
3,503,000 | 2.23%, 10/15/26, Callable 10/15/20 @ 100 * | 3,469,165 | ||||||
Total U.S. Government Agency Securities | 3,469,165 | |||||||
U.S. Treasury Obligations (21.2%) | ||||||||
U.S. Treasury Notes | ||||||||
12,000,000 | 1.75%, 7/31/24 | 12,063,749 | ||||||
5,500,000 | 2.25%, 2/29/20 | 5,506,875 | ||||||
2,000,000 | 2.63%, 7/15/21 | 2,030,078 | ||||||
5,200,000 | 2.88%, 8/15/28 | 5,664,953 | ||||||
25,265,655 | ||||||||
Total U.S. Treasury Obligations | 25,265,655 |
See notes to the schedule of portfolio investments.
-5-
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Investment in Affiliates (3.9%) | ||||||||
4,591,519 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(e) | $ | 4,591,519 | |||||
Total Investment in Affiliates | 4,591,519 |
Shares or Principal Amount | Security Description | Value | ||||||
Investment in Affiliates, continued: | ||||||||
Total Investments (Cost $111,911,422) - 93.6% | $ | 111,456,721 | ||||||
Other assets in excess of liabilities — 6.4% | 7,563,504 | |||||||
Net Assets - 100.0% | $ | 119,020,225 |
(a) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed illiquid according to the policies and procedures adopted by the Board of Trustees. At November 30, 2019, illiquid securities were 1.5% of the Fund’s net assets. |
(b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2019. |
(c) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
(d) | Issuer has defaulted on the payment of interest. |
(e) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
† | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
12MTA | 12 Month Treasury Average |
GO | General Obligation |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
MTN | Medium Term Note |
US0001M | 1 Month US Dollar LIBOR |
US0003M | 3 Month US Dollar LIBOR |
US0006M | 6 Month US Dollar LIBOR |
US0012M | 12 Month US Dollar LIBOR |
See notes to the schedule of portfolio investments.
-6-
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (5.6%) | ||||||||
$ | 327,003 | AccessLex Institute, Series 2007-1, Class C, 2.34% (US0003M + 40 bps), 10/25/35* | $ | 285,489 | ||||
273,441 | Corevest American Finance Trust, Series 2019-1, Class A, 3.32%, 3/15/52 | 283,018 | ||||||
1,641 | Raspro Trust, Series 2005-1A, Class G, 2.56% (US0003M + 40 bps), 3/23/24(a) | 1,640 | ||||||
300,000 | Santander Drive Auto Receivables Trust, Series 2017-1, Class D, 3.17%, 4/17/23* | 302,759 | ||||||
570,000 | SLM Student Loan Trust, Series 2012-7, Class B, 3.51% (US0001M + 180 bps), 9/25/43* | 548,789 | ||||||
201,413 | Vantage Data Centers Issuer LLC, Series 2018-1A, Class A2, 4.07%, 2/16/43*(a) | 208,288 | ||||||
Total Asset Backed Securities | 1,629,983 | |||||||
Mortgage Backed Securities† (32.9%) | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (2.3%) | ||||||||
2,035 | Bank of America Alternative Loan Trust, Series 2005-9, Class 5A1, 5.50%, 10/25/20* | 1,976 | ||||||
65,492 | Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35* | 62,866 | ||||||
4,493 | Countrywide Alternative Loan Trust, Series 2005-3CB, Class 1A4, 5.25%, 3/25/35* | 4,456 | ||||||
15,159 | Countrywide Alternative Loan Trust, Series 2004-5CB, Class 1A1, 6.00%, 5/25/34* | 15,795 | ||||||
82,052 | Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37* | 56,298 | ||||||
64,379 | Deutsche Alternative-A Securities, Inc. Mortgage Loan Trust, Series 2006-AB2, Class A3, 5.18%, 6/25/36*(b) | 62,362 | ||||||
12,683 | Master Alternative Loans Trust, Series 2004-1, Class 4A1, 5.50%, 2/25/34* | 13,136 | ||||||
3,783 | Master Alternative Loans Trust, Series 2004-13, Class 12A1, 5.50%, 12/25/19* | 3,666 | ||||||
19,268 | Master Alternative Loans Trust, Series 2004-4, Class 1A1, 5.50%, 5/25/34* | 20,596 | ||||||
195 | Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20* | 207 | ||||||
42,628 | Master Alternative Loans Trust, Series 2004-6, Class 10A1, 6.00%, 7/25/34* | 45,503 | ||||||
20,470 | Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34* | 21,260 | ||||||
8,403 | Master Alternative Loans Trust, Series 2003-7, Class 6A1, 6.50%, 12/25/33* | 8,754 | ||||||
20,392 | Master Alternative Loans Trust, Series 2004-4, Class 8A1, 6.50%, 5/25/34* | 21,848 | ||||||
32,226 | Master Alternative Loans Trust, Series 2004-6, Class 6A1, 6.50%, 7/25/34* | 34,731 | ||||||
8,060 | Nomura Asset Acceptance Corp., Series 2005-AP1, Class 2A5, 4.86%, 2/25/35*(b) | 8,274 | ||||||
3,177 | Nomura Asset Acceptance Corp., Series 2005-WF1, Class 2A5, 5.16%, 3/25/35*(b) | 3,344 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 33,293 | Nomura Asset Acceptance Corp., Series 2005-AP2, Class A5, 5.48%, 5/25/35*(b) | $ | 25,738 | ||||
91,699 | Nomura Asset Acceptance Corp., Series 2006-AF1, Class 1A2, 6.16%, 5/25/36*(b) | 33,807 | ||||||
44,296 | Ocwen Residential MBS Corp., Series 1998-R1, Class B1, 3.85%, 10/25/40*(a)(b) | 42,616 | ||||||
218 | Residential Accredit Loans, Inc., Series 2003-QS18, Class A1, 5.00%, 9/25/18* | 175 | ||||||
9,463 | Residential Accredit Loans, Inc., Series 2005-QS2, Class A1, 5.50%, 2/25/35* | 9,600 | ||||||
6,668 | Residential Accredit Loans, Inc., Series 2006-QS18, Class 3A3, 5.75%, 12/25/21* | 6,334 | ||||||
14,011 | Residential Accredit Loans, Inc., Series 2006-QS5, Class A9, 6.00%, 5/25/36* | 13,328 | ||||||
30,067 | Residential Accredit Loans, Inc., Series 2006-QS12, Class 1A2, 6.50%, 9/25/36* | 22,331 | ||||||
47,269 | Residential Asset Securitization Trust, Series 2005-A14, Class A5, 5.50%, 12/25/35* | 38,469 | ||||||
59,278 | Residential Asset Securitization Trust, Series 2006-A8, Class 1A1, 6.00%, 8/25/36* | 51,233 | ||||||
54,769 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-6, Class 1CB, 6.50%, 8/25/35* | 52,274 | ||||||
680,977 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (2.3%) | ||||||||
9,309 | Bank of America Funding Corp., Series 2004-B, Class 5A1, 4.27%, 11/20/34*(b) | 9,228 | ||||||
8,786 | Bear Stearns Mortgage Trust, Series 2004-9, Class 12A3, 4.04%, 11/25/34*(b) | 8,879 | ||||||
3,350 | Bear Stearns Mortgage Trust, Series 2003-7, Class 4A, 4.25%, 10/25/33*(b) | 3,528 | ||||||
11,692 | Countrywide Home Loans, Series 2004-2, Class 2A1, 3.87%, 2/25/34*(b) | 11,243 | ||||||
6,772 | Countrywide Home Loans, Series 2004-12, Class 10A1, 4.14%, 8/25/34*(b) | 6,814 | ||||||
17,222 | HomeBanc Mortgage Trust, Series 2006-1, Class 1A1, 3.73%, 4/25/37*(b) | 15,229 | ||||||
260,000 | JPMorgan Mortgage Trust, Series 2014-5, Class A1, 2.98%, 10/25/29*(a)(b) | 262,115 | ||||||
27,665 | JPMorgan Mortgage Trust, Series 2006-A6, Class 1A4L, 4.10%, 10/25/36*(b) | 24,886 | ||||||
5,806 | JPMorgan Mortgage Trust, Series 2006-A2, Class 2A1, 4.20% (US0003M + 101 bps), 4/25/36* | 5,715 | ||||||
281,612 | JPMorgan Mortgage Trust, Series 2005-A6, Class 3A3, 4.39%, 9/25/35*(b) | 269,743 | ||||||
38,250 | JPMorgan Mortgage Trust, Series 2005-A1, Class 3A4, 4.51%, 2/25/35*(b) | 39,538 |
See notes to the schedule of portfolio investments.
-7-
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 1,870 | Wachovia Mortgage Loan Trust LLC, Series 2005-A, Class 4A2, 4.85%, 8/20/35*(b) | $ | 160 | ||||
657,078 | ||||||||
Prime Fixed Mortgage Backed Securities (7.6%) | ||||||||
7,554 | American Home Mortgage Investment Trust, Series 2005-2, Class 5A1, 5.06%, 9/25/35*(b) | 7,272 | ||||||
16,470 | Chase Mortgage Finance Corp., Series 2007-S2, Class 2A1, 5.50%, 3/25/37* | 12,497 | ||||||
8,614 | Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35 | 9,043 | ||||||
9,055 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM1, Class 1A3, 6.75%, 7/25/34* | 9,890 | ||||||
5,115 | Countrywide Alternative Loan Trust, Series 2003-J3, Class 2A1, 6.25%, 12/25/33* | 5,262 | ||||||
2,709 | Countrywide Home Loans, Series 2004-J6, Class 1A2, 5.25%, 8/25/24* | 2,688 | ||||||
10,095 | Countrywide Home Loans, Series 2005-29, Class A1, 5.75%, 12/25/35* | 8,503 | ||||||
1,207 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-1, Class 4A1, 5.00%, 2/25/19* | 1,251 | ||||||
24,565 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-27, Class 8A1, 6.00%, 11/25/33* | 26,108 | ||||||
9,291 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33* | 9,734 | ||||||
221,703 | Credit Suisse Mortgage Trust, Series 2017-HL2, Class A3, 3.50%, 10/25/47*(a)(b) | 224,968 | ||||||
300,000 | Flagstar Mortgage Trust, Series 2019-2, Class A3, 3.50%, 12/25/49*(a)(b) | 303,202 | ||||||
215,678 | Flagstar Mortgage Trust, Series 2018-5, Class A7, 4.00%, 9/25/48*(a)(b) | 217,909 | ||||||
120,575 | Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56*(b) | 122,414 | ||||||
237,887 | GSR Mortgage Loan Trust, Series 2004-13F, Class 2A1, 4.25%, 11/25/34* | 243,039 | ||||||
119 | GSR Mortgage Loan Trust, Series 2004-10F, Class 2A4, 5.00%, 8/25/19* | 119 | ||||||
876 | GSR Mortgage Loan Trust, Series 2003-2F, Class 3A1, 6.00%, 3/25/32* | 926 | ||||||
327,416 | JPMorgan Mortgage Trust, Series 2017-4, Class A6, 3.00%, 11/25/48*(a)(b) | 329,079 | ||||||
27,414 | Morgan Stanley Mortgage Loan Trust, Series 2004-3, Class 3A, 6.00%, 4/25/34* | 29,209 | ||||||
2,391 | Prime Mortgage Trust, Series 2004-CL1, Class 1A1, 6.00%, 2/25/34* | 2,549 | ||||||
236,772 | PSMC Trust, Series 2018-2, Class A3, 3.50%, 6/25/48(a)(b) | 239,519 | ||||||
58,229 | Residential Asset Mortgage Products, Inc., Series 2005-SL2, Class A3, 7.00%, 2/25/32* | 56,087 | ||||||
209,735 | Sequoia Mortgage Trust, Series 2017-CH1, Class A11, 3.50%, 8/25/47*(a)(b) | 210,408 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 137,796 | Sequoia Mortgage Trust, Series 2018-8, Class A4, 4.00%, 11/25/48*(a)(b) | $ | 139,208 | ||||
12,774 | Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29* | 13,628 | ||||||
142 | Structured Asset Securities Corp., Series 1997-2, Class 2A4, 7.25%, 3/28/30* | 156 | ||||||
1,545 | Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S11, Class 1A, 5.00%, 11/25/33* | 1,590 | ||||||
781 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34* | 835 | ||||||
2,227,093 | ||||||||
Subprime Mortgage Backed Securities (2.2%) | ||||||||
292,975 | Mill City Mortgage Loan Trust, Series 2019-GS1, Class A1, 2.75%, 7/25/59*(a)(b) | 294,709 | ||||||
106,274 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58*(a)(b) | 107,399 | ||||||
231,125 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58*(a)(b) | 234,736 | ||||||
636,844 | ||||||||
U.S. Government Agency Mortgage Backed Securities (18.5%) | ||||||||
52,735 | Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42 | 51,512 | ||||||
267 | Fannie Mae, Series 1992-45, Class F, 1.78% (T7Y ), 4/25/22 | 267 | ||||||
132,401 | Fannie Mae, Series 2012-10, Class TA, 2.00%, 3/25/38 | 132,866 | ||||||
311,637 | Fannie Mae, Series 2012-30, Class BA, 2.00%, 6/25/41 | 309,735 | ||||||
272,696 | Fannie Mae, Series 2012-8, Class KA, 2.00%, 6/25/41 | 271,521 | ||||||
79,070 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 78,502 | ||||||
100,759 | Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42 | 100,818 | ||||||
132,376 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 132,625 | ||||||
136,606 | Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40 | 137,530 | ||||||
24,481 | Fannie Mae, Series 2012-2, Class 10A1, 2.50%, 5/25/41 | 24,764 | ||||||
248,845 | Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 | 250,795 | ||||||
383,342 | Fannie Mae, Series 2015-12, Class PC, 2.50%, 7/25/44 | 383,255 | ||||||
265,196 | Fannie Mae, Series 2017-M5, Class A1, 2.74%, 4/25/29 | 275,020 | ||||||
142,421 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 146,203 | ||||||
16,113 | Fannie Mae, Series 2011-124, Class 10A1, 3.00%, 9/25/29 | 16,164 | ||||||
294,790 | Fannie Mae, Series 2012-50, Class LG, 3.00%, 9/25/40 | 295,573 | ||||||
316,113 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 326,257 | ||||||
240,725 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30 | 262,679 |
See notes to the schedule of portfolio investments.
-8-
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 1,752 | Fannie Mae, 4.00% (US0012M + 162 bps), 9/1/33, Pool #739372 | $ | 1,810 | ||||
1,990 | Fannie Mae, 4.86% (US0012M + 186 bps), 1/1/37, Pool #906675 | 2,115 | ||||||
1,004 | Fannie Mae, 4.88% (H15T1Y + 250 bps), 7/1/23, Pool #224951 | 1,015 | ||||||
157 | Fannie Mae, 6.00%, 4/1/35, Pool #735503 | 181 | ||||||
297 | Fannie Mae, Series 1990-89, Class K, 6.50%, 7/25/20 | 300 | ||||||
1,141 | Fannie Mae, Series 2001-55, Class PC, 6.50%, 10/25/31 | 1,295 | ||||||
11,968 | Fannie Mae, Series 2003-W2, Class 1A2, 7.00%, 7/25/42* | 13,977 | ||||||
510 | Fannie Mae, Series 2002-T1, Class A3, 7.50%, 11/25/31* | 601 | ||||||
1,147 | Fannie Mae, Series 1992-31, Class M, 7.75%, 3/25/22 | 1,201 | ||||||
329 | Fannie Mae, Series G-32, Class L, 8.00%, 10/25/21 | 342 | ||||||
52 | Fannie Mae, Series G-32, Class N, 8.10%, 10/25/21 | 53 | ||||||
347 | Fannie Mae, Series 1991-66, Class J, 8.13%, 6/25/21 | 358 | ||||||
61 | Fannie Mae, Series 1991-18, Class H, 8.50%, 3/25/21 | 63 | ||||||
32 | Fannie Mae, Series G-7, Class E, 8.90%, 3/25/21 | 32 | ||||||
13 | Fannie Mae, Series 1990-62, Class G, 9.00%, 6/25/20 | 14 | ||||||
56 | Freddie Mac, Series 1222, Class P, 1.46% (T10Y - 40 bps), 3/15/22* | 56 | ||||||
60,286 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 60,766 | ||||||
149,435 | Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32 | 147,214 | ||||||
129,818 | Freddie Mac, Series 3936, Class LA, 2.00%, 6/15/40 | 130,930 | ||||||
289,374 | Freddie Mac, Series 4076, Class QC, 2.00%, 11/15/41 | 283,561 | ||||||
179,631 | Freddie Mac, Series 4408, Class GA, 2.00%, 9/15/41 | 178,531 | ||||||
117,372 | Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37 | 116,134 | ||||||
228,854 | Freddie Mac, Series 4129, Class PA, 2.50%, 7/15/42 | 231,388 | ||||||
117,888 | Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41 | 118,990 | ||||||
175,985 | Freddie Mac, Series 4316, Class JY, 3.00%, 1/15/44 | 182,298 | ||||||
139,688 | Freddie Mac, Series 4332, Class NH, 3.00%, 9/15/43 | 142,235 | ||||||
202,898 | Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36 | 208,962 | ||||||
14,805 | Freddie Mac, 5.37% (H15T1Y + 228 bps), 8/1/34, Pool #755230 | 15,148 | ||||||
983 | Freddie Mac, Series 1136, Class H, 6.00%, 9/15/21* | 1,005 | ||||||
2,000 | Freddie Mac, Series 2454, Class LL, 6.25%, 4/15/32 | 2,015 | ||||||
523 | Freddie Mac, Series 1128, Class IB, 7.00%, 8/15/21* | 533 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 1,428 | Freddie Mac, Series 1379, Class H, 7.00%, 10/15/22* | $ | 1,489 | ||||
1,334 | Freddie Mac, Series 1714, Class K, 7.00%, 4/15/24* | 1,428 | ||||||
77 | Freddie Mac, Series 1052, Class G, 7.50%, 3/15/21* | 78 | ||||||
1,572 | Freddie Mac, Series 1904, Class D, 7.50%, 10/15/26* | 1,743 | ||||||
233 | Freddie Mac, Series 1119, Class H, 7.75%, 8/15/21* | 240 | ||||||
1,940 | Freddie Mac, Series 1281, Class I, 8.00%, 5/15/22* | 2,031 | ||||||
2,811 | Freddie Mac, Series 1310, Class J, 8.00%, 6/15/22* | 2,964 | ||||||
3 | Freddie Mac, Series 138, Class E, 8.07%, 7/15/21* | 3 | ||||||
43,612 | Government National Mortgage Assoc., Series 2013-104, Class DC, 2.00%, 4/20/40 | 43,581 | ||||||
79,821 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 77,726 | ||||||
78,417 | Government National Mortgage Assoc., Series 2010-69, Class MC, 2.50%, 4/20/40 | 78,749 | ||||||
43,085 | Government National Mortgage Assoc., Series 2010-98, Class CH, 3.00%, 10/20/39 | 43,539 | ||||||
56,588 | Government National Mortgage Assoc., Series 2010-98, Class MG, 3.00%, 8/20/39 | 57,445 | ||||||
5,589 | Government National Mortgage Assoc., 7.00%, 3/15/26, Pool #419128 | 5,602 | ||||||
77 | Government National Mortgage Assoc., 7.00%, 3/20/27, Pool #2394 | 83 | ||||||
940 | Government National Mortgage Assoc., 8.00%, 5/15/23, Pool #343406 | 943 | ||||||
554 | Government National Mortgage Assoc., 8.00%, 10/20/24, Pool #1884 | 591 | ||||||
62 | Government National Mortgage Assoc., 8.00%, 2/20/26, Pool #2171 | 67 | ||||||
144 | Government National Mortgage Assoc., 8.00%, 3/20/26, Pool #2187 | 154 | ||||||
1,595 | Government National Mortgage Assoc., 8.00%, 4/20/26, Pool #2205 | 1,715 | ||||||
4,053 | Government National Mortgage Assoc., 8.00%, 5/20/26, Pool #2219 | 4,404 | ||||||
5,363,784 | ||||||||
Total Mortgage Backed Securities | 9,565,776 | |||||||
Corporate Bonds (19.7%) | ||||||||
Banks (2.4%) | ||||||||
385,000 | Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 * | 400,184 | ||||||
290,000 | Wells Fargo & Co., 3.00%, 10/23/26 | 298,142 | ||||||
698,326 | ||||||||
Beverages (1.0%) | ||||||||
300,000 | Keurig Dr Pepper, Inc., 3.55%, 5/25/21 | 306,190 | ||||||
Biotechnology (1.2%) | ||||||||
350,000 | Amgen, Inc., 2.20%, 5/11/20 | 350,345 | ||||||
Capital Markets (3.4%) | ||||||||
290,000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 * | 302,648 |
See notes to the schedule of portfolio investments.
-9-
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Capital Markets, continued: | ||||||||
$ | 925,350 | Preferred Term Securities XX, Class B2, 2.57% (US0003M + 45 bps), 3/22/38, Callable 1/9/20 @ 100 *(a) | $ | 675,505 | ||||
978,153 | ||||||||
Diversified Financial Services (1.2%) | ||||||||
350,000 | BP Capital Markets America, Inc., 2.75%, 5/10/23 | 357,318 | ||||||
Diversified Telecommunication Services (1.6%) | ||||||||
360,000 | AT&T, Inc., 5.25%, 3/1/37, Callable 9/1/36 @ 100 * | 428,255 | ||||||
39,000 | Qwest Corp., Series MBIA, 6.88%, 9/15/33, Callable 1/9/20 @ 100 * | 39,244 | ||||||
467,499 | ||||||||
Electric Utilities (1.0%) | ||||||||
275,000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 * | 285,235 | ||||||
Equity Real Estate Investment Trusts (0.8%) | ||||||||
225,046 | JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a) | 230,850 | ||||||
Food Products (1.3%) | ||||||||
350,000 | Campbell Soup Co., 3.95%, 3/15/25, Callable 1/15/25 @ 100 * | 371,106 | ||||||
Hotels, Restaurants & Leisure (1.4%) | ||||||||
420,000 | Royal Caribbean Cruises, Ltd., 2.65%, 11/28/20 | 422,230 | ||||||
Industrial Conglomerates (1.3%) | ||||||||
375,000 | General Electric Co., 3.10%, 1/9/23 | 383,723 | ||||||
Insurance (1.0%) | ||||||||
300,000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (a) | 305,176 | ||||||
Multiline Retail (0.8%) | ||||||||
250,000 | Macys Retail Holdings, Inc., 2.88%, 2/15/23, Callable 11/15/22 @ 100 * | 246,942 | ||||||
Technology Hardware, Storage & Peripherals (1.3%) | ||||||||
350,000 | Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100 * | 371,313 | ||||||
Total Corporate Bonds | 5,774,406 | |||||||
Taxable Municipal Bonds (7.5%) | ||||||||
Alabama (1.0%) | ||||||||
300,000 | The Water Works Board City of Birmingham Revenue, 2.60%, 1/1/27 | 304,926 | ||||||
Illinois (1.8%) | ||||||||
500,000 | Rosemont Illinois State, GO, Series A, 2.76%, 12/1/19, Insured by: MAC | 500,000 |
Shares or Principal Amount | Security Description | Value | ||||||
Taxable Municipal Bonds, continued: | ||||||||
Missouri (0.6%) | ||||||||
$ | 165,000 | Hanley Road Corridor Transnational Development Missouri Transnational Tax Revenue, Build America Bonds Revenue, 7.50%, 10/1/39, Continuously Callable @100 | $ | 165,587 | ||||
Rhode Island (1.4%) | ||||||||
400,000 | Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25 | 416,180 | ||||||
Texas (1.0%) | ||||||||
300,000 | Midland County Fresh Water Supply District No. 1 Revenue, 2.37%, 9/15/26 | 303,033 | ||||||
Wisconsin (1.7%) | ||||||||
465,000 | Public Financial Authority Wisconsin Revenue, 4.45%, 10/1/25, Insured by: AGC | 489,998 | ||||||
Total Taxable Municipal Bonds | 2,179,724 | |||||||
U.S. Government Agency Securities (2.9%) | ||||||||
Federal Farm Credit Bank | ||||||||
275,000 | 2.34%, 5/27/25, Callable 12/16/19 @ 100 * | 274,822 | ||||||
275,000 | 2.52%, 6/24/26, Callable 12/24/19 @ 100 * | 274,991 | ||||||
549,813 | ||||||||
Federal Home Loan Bank | ||||||||
300,000 | 2.45%, 9/24/25, Callable 12/24/19 @ 100 * | 298,473 | ||||||
Total U.S. Government Agency Securities | 848,286 | |||||||
U.S. Treasury Obligations (29.0%) | ||||||||
U.S. Treasury Inflation Indexed Notes | ||||||||
1,150,931 | 0.38%, 7/15/25 | 1,165,956 | ||||||
U.S. Treasury Notes | ||||||||
2,316,000 | 1.38%, 10/15/22 | 2,300,801 | ||||||
920,000 | 2.00%, 4/30/24 | 934,447 | ||||||
1,920,000 | 2.25%, 2/29/20 | 1,922,400 | ||||||
2,064,000 | 2.25%, 2/15/27 | 2,136,804 | ||||||
7,294,452 | ||||||||
Total U.S. Treasury Obligations | 8,460,408 | |||||||
Investment in Affiliates (3.1%) | ||||||||
915,558 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(c) | 915,558 | ||||||
Total Investment in Affiliates | 915,558 | |||||||
Total Investments (Cost $29,140,013) - 100.7% | 29,374,141 | |||||||
Liabilities in excess of other assets — (0.7)% | (200,060 | ) | ||||||
Net Assets - 100.0% | $ | 29,174,081 |
(a) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
(b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2019. |
(c) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
See notes to the schedule of portfolio investments.
-10-
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
† | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
AGC | Assured Guaranty Corporation |
GO | General Obligation |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
MAC | Municipal Assurance Corporation |
T10Y | 10 Year Treasury Constant Maturity Rate |
T7Y | 7 Year Treasury Constant Maturity Rate |
US0001M | 1 Month US Dollar LIBOR |
US0003M | 3 Month US Dollar LIBOR |
US0012M | 12 Month US Dollar LIBOR |
See notes to the schedule of portfolio investments.
-11-
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (3.9%) | ||||||||
$ | 1,031,316 | AccessLex Institute, Series 2007-1, Class C, 2.34% (US0003M + 40 bps), 10/25/35* | $ | 900,388 | ||||
553,182 | American Credit Acceptance Receivables Trust, Series 2017-4, Class C, 2.94%, 1/10/24*(a) | 554,060 | ||||||
25,530 | Bear Stearns Asset Backed Securities, Inc., Series 2003-AC7, Class A1, 5.50%, 1/25/34*(b) | 25,837 | ||||||
497,165 | Corevest American Finance Trust, Series 2019-1, Class A, 3.32%, 3/15/52(a) | 514,578 | ||||||
271 | RAAC, Series 2004-SP1, Class AI4, 5.29%, 8/25/27*(b) | 272 | ||||||
942,875 | Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44*(a) | 993,107 | ||||||
48,242 | Structured Asset Securities Corp., Series 2003-AL2, Class A, 3.36%, 1/25/31(a) | 48,041 | ||||||
453,574 | UBS Commercial Mortgage Trust, Series 2018-C10, Class A1, 3.18%, 5/15/51 | 461,095 | ||||||
501,075 | Vantage Data Centers Issuer LLC, Series 2018-1A, Class A2, 4.07%, 2/16/43*(a) | 518,180 | ||||||
Total Asset Backed Securities | 4,015,558 | |||||||
Mortgage Backed Securities† (34.1%) | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities (0.1%) | ||||||||
71,678 | Bear Stearns Alternative-A Trust, Series 2006-6, Class 32A1, 3.84%, 11/25/36*(b) | 59,347 | ||||||
17,003 | JPMorgan Alternative Loan Trust, Series 2006-S4, Class A6, 5.71%, 12/25/36*(b) | 16,833 | ||||||
76,180 | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (1.0%) | ||||||||
14,474 | Bank of America Alternative Loan Trust, Series 2005-9, Class 1CB3, 5.50%, 10/25/35* | 14,631 | ||||||
18,214 | Bank of America Alternative Loan Trust, Series 2006-4, Class CB1, 6.50%, 5/25/46* | 18,993 | ||||||
39,295 | Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35* | 37,720 | ||||||
26,096 | Chaseflex Trust, Series 2007-1, Class 1A3, 6.50%, 2/25/37* | 15,123 | ||||||
72,331 | Countrywide Alternative Loan Trust, Series 2005-46CB, Class A3, 5.50%, 10/25/35* | 68,830 | ||||||
61,704 | Countrywide Alternative Loan Trust, Series 2006-8T1, Class 2A3, 5.50%, 4/25/36* | 59,735 | ||||||
10,869 | Countrywide Alternative Loan Trust, Series 2004-22CB, Class 1A1, 6.00%, 10/25/34* | 11,127 | ||||||
27,752 | Countrywide Alternative Loan Trust, Series 2006-8T1, Class 1A4, 6.00%, 4/25/36* | 21,529 | ||||||
197,103 | Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A7, 6.00%, 5/25/37* | 136,582 | ||||||
207,288 | Countrywide Alternative Loan Trust, Series 2006-36T2, Class 2A4, 6.25%, 12/25/36* | 141,131 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 13,575 | Master Alternative Loans Trust, Series 2003-8, Class 3A1, 5.50%, 12/25/33* | $ | 13,944 | ||||
3,860 | Master Alternative Loans Trust, Series 2004-13, Class 8A1, 5.50%, 1/25/25* | 3,885 | ||||||
30,722 | Master Alternative Loans Trust, Series 2005-3, Class 1A1, 5.50%, 4/25/35* | 31,467 | ||||||
55,505 | Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34* | 59,402 | ||||||
53,285 | Master Alternative Loans Trust, Series 2004-6, Class 10A1, 6.00%, 7/25/34* | 56,879 | ||||||
20,470 | Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34* | 21,260 | ||||||
23,698 | Master Alternative Loans Trust, Series 2005-3, Class 7A1, 6.00%, 4/25/35* | 24,713 | ||||||
4,456 | Master Alternative Loans Trust, Series 2003-7, Class 5A1, 6.25%, 11/25/33* | 4,761 | ||||||
11,930 | Master Alternative Loans Trust, Series 2004-3, Class 2A1, 6.25%, 4/25/34* | 12,429 | ||||||
20,016 | Residential Accredit Loans, Inc., Series 2006-QS5, Class A9, 6.00%, 5/25/36* | 19,040 | ||||||
230,946 | Residential Asset Securitization Trust, Series 2005-A9, Class A3, 5.50%, 7/25/35* | 203,157 | ||||||
133,558 | Residential Asset Securitization Trust, Series 2006-A2, Class A3, 6.00%, 5/25/36* | 93,758 | ||||||
1,070,096 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (1.3%) | ||||||||
1,080,002 | JPMorgan Mortgage Trust, Series 2014-5, Class A1, 2.98%, 10/25/29*(a)(b) | 1,088,784 | ||||||
8,173 | JPMorgan Mortgage Trust, Series 2006-A4, Class 3A1, 4.40%, 6/25/36*(b) | 7,267 | ||||||
246,445 | JPMorgan Mortgage Trust, Series 2005-A6, Class 2A4, 4.59%, 8/25/35*(b) | 250,742 | ||||||
24,625 | MLCC Mortgage Investors, Inc., Series 2004-HB1, Class A3, 3.80%, 4/25/29*(b) | 24,594 | ||||||
6,783 | Structured Adjustable Rate Mortgage Loan Trust, Series 2006-5, Class 4A1, 3.93%, 6/25/36*(b) | 5,864 | ||||||
935 | Wachovia Mortgage Loan Trust LLC, Series 2005-A, Class 4A2, 4.85%, 8/20/35*(b) | 80 | ||||||
1,377,331 | ||||||||
Prime Fixed Mortgage Backed Securities (10.4%) | ||||||||
2,999 | Chase Mortgage Finance Corp., Series 2002-S4, Class A23, 6.25%, 3/25/32* | 3,095 | ||||||
167,800 | Chaseflex Trust, Series 2006-2, Class A5, 4.60%, 9/25/36*(b) | 167,020 | ||||||
23,426 | Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35 | 24,592 | ||||||
48,087 | Countrywide Home Loans, Series 2005-J1, Class 1A8, 5.50%, 2/25/35* | 48,712 | ||||||
7,160 | Countrywide Home Loans, Series 2004-18, Class A1, 6.00%, 10/25/34* | 7,511 | ||||||
8,519 | Countrywide Home Loans, Series 2004-21, Class A10, 6.00%, 11/25/34* | 9,040 | ||||||
93,452 | Countrywide Home Loans, Series 2007-J3, Class A10, 6.00%, 7/25/37* | 67,733 |
See notes to the schedule of portfolio investments.
-12-
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 4,000 | Countrywide Home Loans Mortgage Pass, Series 2004-8, Class 1A3, 5.50%, 7/25/34* | $ | 4,048 | ||||
109,161 | Credit Suisse First Boston Mortgage Securities Corp., Series 2005-9, Class 3A1, 6.00%, 10/25/35* | 56,777 | ||||||
832 | Credit Suisse Mortgage Capital Certificates, Series 2006-8, Class 1A1, 4.50%, 10/25/21* | 786 | ||||||
182,913 | Deephaven Residential Mortgage Trust, Series 2018-2A, Class A1, 3.48%, 4/25/58*(a)(b) | 184,271 | ||||||
124 | First Nationwide Trust, Series 2001-3, Class 1A1, 6.75%, 8/21/31 | 129 | ||||||
1,000,000 | Flagstar Mortgage Trust, Series 2019-2, Class A3, 3.50%, 12/25/49*(a)(b) | 1,010,671 | ||||||
526,043 | Flagstar Mortgage Trust, Series 2018-5, Class A7, 4.00%, 9/25/48*(a)(b) | 531,484 | ||||||
2,385 | GMAC Mortgage Corp. Loan Trust, Series 2003-GH2, Class A4, 5.50%, 10/25/33*(b) | 2,448 | ||||||
889,722 | GS Mortgage-Backed Securities Trust, Series 2018-RPL1, Class A1A, 3.75%, 10/25/57*(a) | 925,406 | ||||||
914,929 | JPMorgan Mortgage Trust, Series 2017-4, Class A6, 3.00%, 11/25/48*(a)(b) | 919,577 | ||||||
383,712 | JPMorgan Mortgage Trust, Series 2017-3, Class 1A5, 3.50%, 8/25/47*(a)(b) | 388,644 | ||||||
27,769 | JPMorgan Mortgage Trust, Series 2006-A2, Class 3A2, 4.28%, 4/25/36*(b) | 25,502 | ||||||
29,157 | JPMorgan Mortgage Trust, Series 2004-S2, Class 4A5, 6.00%, 11/25/34* | 29,492 | ||||||
34,392 | Morgan Stanley Mortgage Loan Trust, Series 2004-3, Class 3A, 6.00%, 4/25/34* | 36,644 | ||||||
9,421 | Nomura Asset Acceptance Corp., Series 2003-A1, Class A2, 6.00%, 5/25/33* | 9,675 | ||||||
776,439 | Onslow Bay Financial LLC, Series 2018-EXP2, Class 1A1, 4.00%, 11/25/48*(a)(b) | 784,065 | ||||||
792,999 | PSMC Trust, Series 2018-2, Class A3, 3.50%, 6/25/48(a)(b) | 802,200 | ||||||
140,788 | RAAC, Series 2004-SP2, Class A22, 6.00%, 1/25/32* | 142,331 | ||||||
808,304 | Sequoia Mortgage Trust, Series 2017-7, Class A4, 3.50%, 10/25/47*(a)(b) | 823,643 | ||||||
803,984 | Sequoia Mortgage Trust, Series 2017-CH1, Class A11, 3.50%, 8/25/47*(a)(b) | 806,563 | ||||||
790,879 | Sequoia Mortgage Trust, Series 2018-3, Class A4, 3.50%, 3/25/48*(a)(b) | 804,503 | ||||||
350,470 | Sequoia Mortgage Trust, Series 2018-6, Class A4, 4.00%, 7/25/48*(a)(b) | 353,920 | ||||||
565,180 | Sequoia Mortgage Trust, Series 2018-8, Class A4, 4.00%, 11/25/48*(a)(b) | 570,970 | ||||||
37,889 | TBW Mortgage Backed Pass-Through Certificates, Series 2006-2, Class 7A1, 7.00%, 7/25/36* | 10,062 | ||||||
273,090 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-3, Class 1CB5, 5.50%, 5/25/35* | 272,186 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 8,954 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB1, Class 4A, 6.00%, 6/25/34* | $ | 9,618 | ||||
70,108 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34* | 75,010 | ||||||
822,953 | WinWater Mortgage Loan Trust, Series 2015-1, Class A1, 3.50%, 1/20/45*(a)(b) | 838,159 | ||||||
10,746,487 | ||||||||
Subprime Mortgage Backed Securities (2.0%) | ||||||||
488,292 | Mill City Mortgage Loan Trust, Series 2019-GS1, Class A1, 2.75%, 7/25/59*(a)(b) | 491,180 | ||||||
650,101 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57*(a)(b) | 655,361 | ||||||
283,398 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58*(a)(b) | 286,399 | ||||||
654,853 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58*(a)(b) | 665,086 | ||||||
2,098,026 | ||||||||
U.S. Government Agency Mortgage Backed Securities (19.3%) | ||||||||
237,834 | Fannie Mae, Series 2010-102, Class PE, 2.00%, 9/25/40 | 236,756 | ||||||
220,669 | Fannie Mae, Series 2012-10, Class TA, 2.00%, 3/25/38 | 221,443 | ||||||
396,466 | Fannie Mae, Series 2012-111, Class EC, 2.00%, 12/25/41 | 392,744 | ||||||
736,709 | Fannie Mae, Series 2012-30, Class BA, 2.00%, 6/25/41 | 732,214 | ||||||
735,007 | Fannie Mae, Series 2012-83, Class AH, 2.00%, 11/25/41 | 729,676 | ||||||
426,980 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 423,913 | ||||||
315,090 | Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43 | 312,138 | ||||||
393,174 | Fannie Mae, Series 2012-30, Class CB, 2.25%, 10/25/41 | 394,036 | ||||||
201,519 | Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42 | 201,636 | ||||||
165,469 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 165,781 | ||||||
228,275 | Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40 | 229,820 | ||||||
384,804 | Fannie Mae, Series 2012-111, Class QC, 2.50%, 5/25/42 | 388,499 | ||||||
48,961 | Fannie Mae, Series 2012-2, Class 10A1, 2.50%, 5/25/41 | 49,528 | ||||||
186,633 | Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 | 188,096 | ||||||
980,279 | Fannie Mae, Series 2017-M5, Class A1, 2.74%, 4/25/29 | 1,016,591 | ||||||
660,152 | Fannie Mae, Series 2016-10, Class BA, 3.00%, 3/25/46(b) | 680,691 | ||||||
153,968 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 158,058 | ||||||
16,113 | Fannie Mae, Series 2011-124, Class 10A1, 3.00%, 9/25/29 | 16,164 |
See notes to the schedule of portfolio investments.
-13-
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 754,979 | Fannie Mae, Series 2014-33, Class PE, 3.00%, 4/25/43 | $ | 772,364 | ||||
187,568 | Fannie Mae, Series 2014-72, Class KA, 3.00%, 10/25/44 | 189,487 | ||||||
634,436 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 654,796 | ||||||
818,465 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30 | 893,107 | ||||||
932,890 | Fannie Mae, Series 2018-M13, Class A1, 3.82%, 3/25/30(b) | 1,031,237 | ||||||
53,901 | Fannie Mae, Series 2012-16, Class K, 4.00%, 10/25/41 | 56,209 | ||||||
12,474 | Fannie Mae, 4.97% (H15T1Y + 231 bps), 12/1/27, Pool #422279 | 12,783 | ||||||
390 | Fannie Mae, 5.00%, 8/1/33, Pool #730856 | 426 | ||||||
187 | Fannie Mae, 5.00%, 7/1/35, Pool #832198 | 207 | ||||||
256 | Fannie Mae, 5.50%, 2/1/33, Pool #683351 | 284 | ||||||
152 | Fannie Mae, 5.50%, 9/1/34, Pool #725773 | 171 | ||||||
2,362 | Fannie Mae, Series 1998-36, Class ZB, 6.00%, 7/18/28 | 2,598 | ||||||
1,000 | Fannie Mae, Series 1994-51, Class LL, 6.75%, 3/25/24 | 1,072 | ||||||
5,827 | Fannie Mae, Series 1993-82, Class H, 7.00%, 5/25/23 | 6,146 | ||||||
2,162 | Fannie Mae, Series 1991-171, Class J, 8.00%, 12/25/21 | 2,262 | ||||||
38,356 | Fannie Mae Whole Loan, Series 2003-W6, Class 6A, 4.34%, 8/25/42*(b) | 39,520 | ||||||
18,567 | Fannie Mae Whole Loan, Series 2002-W11, Class AF5, 5.48%, 11/25/32*(b) | 19,994 | ||||||
132,629 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 133,686 | ||||||
259,636 | Freddie Mac, Series 3936, Class LA, 2.00%, 6/15/40 | 261,861 | ||||||
148,146 | Freddie Mac, Series 3997, Class AE, 2.00%, 4/15/40 | 149,370 | ||||||
232,421 | Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41 | 230,941 | ||||||
946,852 | Freddie Mac, Series 4031, Class PA, 2.00%, 3/15/42 | 931,651 | ||||||
889,514 | Freddie Mac, Series 4137, Class GA, 2.00%, 2/15/42 | 881,894 | ||||||
195,620 | Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37 | 193,556 | ||||||
1,000,000 | Freddie Mac, 2.00%, 11/27/24*(b) | 998,357 | ||||||
813,368 | Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41 | 819,435 | ||||||
234,940 | Freddie Mac, Series 4009, Class PK, 2.50%, 6/15/41* | 239,528 | ||||||
874,222 | Freddie Mac, Series 4129, Class PA, 2.50%, 7/15/42 | 883,903 | ||||||
502,917 | Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41 | 507,616 | ||||||
263,978 | Freddie Mac, Series 4316, Class JY, 3.00%, 1/15/44 | 273,446 | ||||||
286,474 | Freddie Mac, Series 4348, Class A, 3.00%, 6/15/39 | 293,147 | ||||||
511,985 | Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36 | 527,287 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 203,786 | Freddie Mac, Series 3721, Class PE, 3.50%, 9/15/40 | $ | 213,633 | ||||
71,552 | Freddie Mac, Series 3780, Class MK, 3.50%, 10/15/40 | 74,380 | ||||||
4,890 | Freddie Mac, 4.62% (H15T1Y + 213 bps), 4/1/24, Pool #409624 | 4,940 | ||||||
1,436 | Freddie Mac, Series 2610, Class VB, 5.50%, 7/15/24 | 1,510 | ||||||
222 | Freddie Mac, 6.00%, 7/1/35, Pool #A36085 | 245 | ||||||
1,942 | Freddie Mac, Series 2148, Class ZA, 6.00%, 4/15/29 | 2,142 | ||||||
1,140 | Freddie Mac, 6.50%, 2/1/36, Pool #G08113 | 1,322 | ||||||
13,395 | Freddie Mac, Series 2036, Class PD, 6.50%, 3/15/28 | 14,833 | ||||||
534 | Freddie Mac, Series 2278, Class H, 6.50%, 1/15/31 | 577 | ||||||
2,049 | Freddie Mac, Series 1281, Class I, 8.00%, 5/15/22* | 2,145 | ||||||
172,945 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 168,406 | ||||||
557,177 | Government National Mortgage Assoc., Series 2009-94, Class KB, 3.00%, 9/16/39 | 577,171 | ||||||
204,015 | Government National Mortgage Assoc., Series 2011-46, Class GJ, 3.25%, 1/16/41(b) | 210,545 | ||||||
989,707 | Government National Mortgage Assoc., Series 2019-85, Class MP, 3.50%, 6/20/49 | 1,017,444 | ||||||
35,876 | Government National Mortgage Assoc., Series 2009-93, Class HG, 4.00%, 9/16/39 | 37,331 | ||||||
2,480 | Government National Mortgage Assoc., 7.00%, 9/15/23, Pool #347688 | 2,582 | ||||||
10,251 | Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #490215 | 11,233 | ||||||
4,122 | Government National Mortgage Assoc., 7.50%, 11/15/23, Pool #354701 | 4,357 | ||||||
233 | Government National Mortgage Assoc., 9.00%, 7/15/21, Pool #308511 | 233 | ||||||
19,891,154 | ||||||||
Total Mortgage Backed Securities | 35,259,274 | |||||||
Corporate Bonds (19.8%) | ||||||||
Banks (3.9%) | ||||||||
1,320,000 | Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 * | 1,372,059 | ||||||
1,315,000 | BB&T Corp., 2.15%, 2/1/21, Callable 1/1/21 @ 100 * | 1,316,610 | ||||||
1,300,000 | Wells Fargo & Co., 3.00%, 10/23/26 | 1,336,498 | ||||||
4,025,167 | ||||||||
Beverages (0.8%) | ||||||||
745,000 | Keurig Dr Pepper, Inc., 4.42%, 5/25/25, Callable 3/25/25 @ 100 * | 812,955 | ||||||
Capital Markets (1.5%) | ||||||||
1,300,000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 * | 1,356,700 | ||||||
200,000 | Intercontinental Exchange, Inc., 3.10%, 9/15/27, Callable 6/15/27 @ 100 * | 209,214 | ||||||
1,565,914 |
See notes to the schedule of portfolio investments.
-14-
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Diversified Financial Services (1.4%) | ||||||||
$ | 600,000 | BP Capital Markets America, Inc., 2.75%, 5/10/23 | $ | 612,545 | ||||
850,000 | Korea Development Bank, 2.75%, 3/19/23 | 867,009 | ||||||
1,479,554 | ||||||||
Diversified Telecommunication Services (1.7%) | ||||||||
1,250,000 | AT&T, Inc., 5.25%, 3/1/37, Callable 9/1/36 @ 100 * | 1,486,997 | ||||||
107,000 | Qwest Corp., 6.88%, 9/15/33, Callable 1/9/20 @ 100 * | 107,410 | ||||||
118,000 | Qwest Corp., Series MBIA, 6.88%, 9/15/33, Callable 1/9/20 @ 100 * | 118,738 | ||||||
1,713,145 | ||||||||
Electric Utilities (1.0%) | ||||||||
1,000,000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 * | 1,037,217 | ||||||
Equity Real Estate Investment Trusts (0.3%) | ||||||||
337,570 | JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a) | 346,275 | ||||||
Food Products (2.3%) | ||||||||
1,025,000 | Campbell Soup Co., 3.95%, 3/15/25, Callable 1/15/25 @ 100 * | 1,086,809 | ||||||
1,150,000 | Conagra Brands, Inc., 4.85%, 11/1/28, Callable 8/1/28 @ 100 * | 1,306,089 | ||||||
2,392,898 | ||||||||
Health Care Providers & Services (1.0%) | ||||||||
995,000 | Montefiore Medical Center, 2.15%, 10/20/26, Callable 4/20/26 @ 100 * | 992,716 | ||||||
Hotels, Restaurants & Leisure (0.4%) | ||||||||
345,000 | Royal Caribbean Cruises, 5.25%, 11/15/22 | 373,928 | ||||||
Industrial Conglomerates (1.1%) | ||||||||
1,120,000 | General Electric Co., 3.10%, 1/9/23 | 1,146,053 | ||||||
Insurance (1.1%) | ||||||||
1,100,000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (a) | 1,118,979 | ||||||
IT Services (1.0%) | ||||||||
1,000,000 | International Business Machines Corp., 3.50%, 5/15/29 | 1,078,202 | ||||||
Multiline Retail (0.9%) | ||||||||
1,010,000 | Macys Retail Holdings, Inc., 2.88%, 2/15/23, Callable 11/15/22 @ 100 * | 997,647 | ||||||
Technology Hardware, Storage & Peripherals (1.4%) | ||||||||
1,300,000 | Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100 * | 1,379,161 | ||||||
Total Corporate Bonds | 20,459,811 | |||||||
Taxable Municipal Bonds (8.9%) | ||||||||
Georgia (2.1%) | ||||||||
1,955,000 | State of Georgia, Build America Bonds, GO, Series H, 4.50%, 11/1/25 | 2,107,978 | ||||||
Kentucky (0.7%) | ||||||||
750,000 | Lexington-Fayette Urban County Airport Board Corp. Revenue, 2.84%, 7/1/31 | 755,685 |
Shares or Principal Amount | Security Description | Value | ||||||
Taxable Municipal Bonds, continued: | ||||||||
Missouri (0.2%) | ||||||||
$ | 235,000 | Hanley Road Corridor Transnational Development Missouri Transnational Tax Revenue, Build America Bonds Revenue, 7.50%, 10/1/39, Continuously Callable @100 | $ | 235,837 | ||||
New York (1.3%) | ||||||||
1,260,000 | New York City Transitional Finance Authority Revenue, Series F-3, 3.21%, 5/1/29, Continuously Callable @100 | 1,321,375 | ||||||
Oklahoma (2.2%) | ||||||||
500,000 | Grand River Dam Authority Revenue, Series B, 4.55%, 6/1/39, Continuously Callable @100 | 542,615 | ||||||
1,650,000 | University of Oklahoma Health Sciences Center General Revenue, Series A, 3.87%, 7/1/32, Continuously Callable @100 | 1,773,667 | ||||||
2,316,282 | ||||||||
Pennsylvania (1.2%) | ||||||||
1,110,000 | City of Bethlehem Lehigh and Northampton Countries, GO, Series C, 5.15%, 11/1/34, Pre-refunded 11/1/24 @ 100, AGM | 1,269,596 | ||||||
Utah (1.2%) | ||||||||
1,175,000 | Central Utah Water Conservancy District Taxable Water Conservancy Revenue, Build America Bonds, GO, 5.70%, 10/1/40, Continuously Callable @100 | 1,189,570 | ||||||
Total Taxable Municipal Bonds | 9,196,323 | |||||||
U.S. Government Agency Securities (1.9%) | ||||||||
Federal Farm Credit Bank | ||||||||
1,000,000 | 2.25%, 11/26/24, Callable 12/16/19 @ 100 * | 989,795 | ||||||
1,000,000 | 2.34%, 5/27/25, Callable 12/16/19 @ 100 * | 999,353 | ||||||
1,989,148 | ||||||||
Total U.S. Government Agency Securities | 1,989,148 | |||||||
U.S. Treasury Obligations (29.3%) | ||||||||
U.S. Treasury Bonds | ||||||||
11,945,000 | 2.25%, 8/15/46 | 12,033,654 | ||||||
U.S. Treasury Inflation Indexed Notes | ||||||||
4,144,652 | 0.38%, 7/15/25 | 4,198,757 | ||||||
U.S. Treasury Notes | ||||||||
7,406,000 | 1.38%, 10/15/22 | 7,357,398 | ||||||
2,602,000 | 2.25%, 2/29/20 | 2,605,253 | ||||||
4,003,000 | 2.25%, 2/15/27 | 4,144,200 | ||||||
14,106,851 | ||||||||
Total U.S. Treasury Obligations | 30,339,262 | |||||||
Investment in Affiliates (1.8%) | ||||||||
1,832,016 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(c) | 1,832,016 | ||||||
Total Investment in Affiliates | 1,832,016 | |||||||
Total Investments (Cost $100,140,063) - 99.7% | 103,091,392 | |||||||
Other assets in excess of liabilities — 0.3% | 285,439 | |||||||
Net Assets - 100.0% | $ | 103,376,831 |
See notes to the schedule of portfolio investments.
-15-
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
(a) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
(b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2019. |
(c) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
† | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
AGM | Assured Guaranty Municipal Corporation |
GO | General Obligation |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
US0003M | 3 Month US Dollar LIBOR |
See notes to the schedule of portfolio investments.
-16-
CAVANAL HILL FUNDS
Strategic Enhanced Yield Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (6.0%) | ||||||||
$ | 36,549 | Bayview Financial Mortgage Pass, Series 2005-D, Class AF4, 5.50%, 12/28/35*(a) | $ | 36,599 | ||||
52,420 | Bayview Opportunity Master Fund Trust, Series 2017-RT1, Class A1, 3.00%, 3/28/57*(a)(b) | 52,945 | ||||||
42,297 | Centex Home Equity Loan Trust, Series 2002-A, Class AF6, 5.54%, 1/25/32* | 43,020 | ||||||
72,641 | Centex Home Equity Loan Trust, Series 2005-A, Class AF5, 5.78%, 1/25/35*(a) | 72,602 | ||||||
15,409 | Countrywide Asset-Backed Certificates Trust, Series 2004-13, Class AF5B, 5.10%, 5/25/35*(a) | 15,557 | ||||||
112,806 | CWABS Asset-Backed Certificates Trust, Series 2005-11, Class AF4, 5.21%, 3/25/34*(a) | 113,770 | ||||||
50,000 | GSAA Home Equity Trust, Series 2005-1, Class M1, 5.29%, 11/25/34*(a) | 51,068 | ||||||
39,543 | Residential Asset Mortgage, Series 2004-RS12, Class MI1, 5.69%, 12/25/34*(a) | 40,738 | ||||||
49,423 | Residential Asset Securities Corp., Series 2004-KS8, Class MI1, 5.34%, 9/25/34*(a) | 51,256 | ||||||
149,272 | Specialty Underwriting & Residential Finance, Series 2003-BC4, Class A3B, 4.79%, 11/25/34*(a) | 152,346 | ||||||
Total Asset Backed Securities | 629,901 | |||||||
Mortgage Backed Securities† (43.0%) | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (10.5%) | ||||||||
31,208 | Bear Stearns Asset-Backed Securities I Trust, Series 2004-AC3, Class A1, 5.75%, 6/25/34*(a) | 31,697 | ||||||
26,935 | Countrywide Alternative Loan Trust, Series 2004-16CB, Class 1A1, 5.50%, 7/25/34* | 28,098 | ||||||
30,224 | Countrywide Alternative Loan Trust, Series 2004-16CB, Class 3A1, 5.50%, 8/25/34* | 31,468 | ||||||
144,047 | Countrywide Alternative Loan Trust, Series 2003-22CB, Class 1A1, 5.75%, 12/25/33* | 149,535 | ||||||
58,362 | Countrywide Alternative Loan Trust, Series 2004-16CB, Class 4A3, 6.00%, 8/25/34* | 59,899 | ||||||
49,248 | Countrywide Alternative Loan Trust, Series 2004-J2, Class 2A1, 6.50%, 3/25/34* | 50,354 | ||||||
21,410 | MASTR Alternative Loans Trust, Series 2004-11, Class 6A1, 5.50%, 10/25/34* | 22,303 | ||||||
146,496 | MASTR Alternative Loans Trust, Series 2004-7, Class 1A1, 5.50%, 7/25/34* | 153,572 | ||||||
164,573 | MASTR Alternative Loans Trust, Series 2003-3, Class 2A5, 6.00%, 5/25/33* | 176,111 | ||||||
57,832 | MASTR Alternative Loans Trust, Series 2004-5, Class 2A1, 6.00%, 6/25/34* | 60,729 | ||||||
218,000 | Residential Asset Securitization Trust, Series 2003-A7, Class A8, 5.00%, 7/25/33* | 222,437 | ||||||
96,000 | Residential Asset Securitization Trust, Series 2003-A10, Class A2, 5.20%, 9/25/33* | 97,100 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 27,723 | Structured Asset Securities Corp., Series 2004-4XS, Class A3A, 5.14%, 2/25/34*(a) | $ | 28,748 | ||||
1,112,051 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (3.2%) | ||||||||
75,705 | Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, 4.02%, 8/25/34*(a) | 76,560 | ||||||
136,776 | Impac Secured Assets CMN Owner Trust, Series 2003-3, Class A1, 4.86%, 8/25/33*(a) | 140,629 | ||||||
67,186 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 3A2, 4.21%, 9/25/34*(a) | 68,597 | ||||||
47,511 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Class 3A, 4.37%, 7/25/34*(a) | 48,016 | ||||||
333,802 | ||||||||
Prime Fixed Mortgage Backed Securities (20.3%) | ||||||||
183,307 | Alternative Loan Trust, Series 2004-18CB, Class 4A1, 5.50%, 9/25/34* | 189,855 | ||||||
24,570 | Banc of America Funding Trust, Series 2004-3, Class 1A9, 5.50%, 10/25/34* | 26,212 | ||||||
12,168 | Citicorp Mortgage Securities Trust, Series 2006-3, Class 1A19, 5.75%, 6/25/36* | 12,273 | ||||||
14,380 | Citicorp Mortgage Securities Trust, Series 2006-3, Class 1A3, 6.25%, 6/25/36* | 14,759 | ||||||
118,000 | Countrywide Home Loans, Series 2005-6, Class 1A3, 5.15%, 4/25/35* | 120,370 | ||||||
49,000 | Countrywide Home Loans, Series 2004-10, Class A4, 5.25%, 7/25/34* | 49,703 | ||||||
111,000 | Countrywide Home Loans, Series 2004-4, Class A4, 5.25%, 5/25/34* | 114,845 | ||||||
117,000 | Countrywide Home Loans, Series 2005-5, Class A4, 5.40%, 3/25/35* | 119,467 | ||||||
196,253 | Countrywide Home Loans, Series 2004-4, Class A9, 5.50%, 5/25/34* | 199,704 | ||||||
64,000 | Countrywide Home Loans Mortgage Pass, Series 2004-9, Class A5, 5.25%, 6/25/34* | 65,327 | ||||||
84,000 | Countrywide Home Loans Mortgage Pass, Series 2004-8, Class 1A3, 5.50%, 7/25/34* | 85,000 | ||||||
56,000 | Countrywide Home Loans Mortgage Pass, Series 2004-8, Class 1A7, 5.75%, 7/25/34* | 56,883 | ||||||
147,045 | Credit Suisse Mortgage Trust, Series 2013-IVR2, Class AD, 1.55%, 4/25/43*(a)(b) | 138,655 | ||||||
97,909 | Credit Suisse Mortgage Trust, Series 2015-3, Class A9, 3.50%, 3/25/45*(a)(b) | 99,841 | ||||||
82,878 | Flagstar Mortgage Trust, Series 2017-2, Class A5, 3.50%, 10/25/47*(a)(b) | 84,202 | ||||||
58,571 | GMAC Mortgage Loan Trust, Series 2004-J2, Class A8, 5.75%, 6/25/34* | 60,863 | ||||||
177,971 | GSR Mortgage Loan Trust, Series 2004-10F, Class 6A1, 5.00%, 9/25/34* | 180,055 | ||||||
84,362 | JPMorgan Mortgage Trust, Series 2017-3, Class 1A6, 3.00%, 8/25/47*(a)(b) | 84,850 |
See notes to the schedule of portfolio investments.
-17-
CAVANAL HILL FUNDS
Strategic Enhanced Yield Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 56,461 | JPMorgan Mortgage Trust, Series 2017-1, Class A5, 3.50%, 1/25/47*(a)(b) | $ | 57,126 | ||||
122,434 | Sequoia Mortgage Trust, Series 2013-4, Class A3, 1.55%, 4/25/43*(a) | 117,698 | ||||||
44,220 | Sequoia Mortgage Trust, Series 2017-1, Class A4, 3.50%, 2/25/47*(a)(b) | 44,983 | ||||||
121,870 | Verus Securitization Trust, Series 2018-INV2, Class A1FX, 4.15%, 10/25/58*(a)(b) | 124,131 | ||||||
104,000 | WaMu Mortgage Pass, Series 2004-RS1, Class A3, 5.50%, 11/25/33* | 107,277 | ||||||
2,154,079 | ||||||||
U.S. Government Agency Mortgage Backed Securities (9.0%) | ||||||||
143,247 | Fannie Mae, Series 2013-56, Class GM, 2.00%, 8/25/41 | 143,807 | ||||||
120,734 | Fannie Mae, Series 2003-W14, Class 2A, 4.53%, 1/25/43*(a) | 126,241 | ||||||
224,819 | Fannie Mae, Series 2003-W13, Class AF5, 4.70%, 10/25/33*(a) | 237,717 | ||||||
166,470 | Fannie Mae, Series 2004-W3, Class A8, 5.50%, 5/25/34* | 185,274 | ||||||
86,827 | Freddie Mac, Series 4664, Class TC, 3.00%, 6/15/41 | 87,677 | ||||||
168,244 | Freddie Mac, Series 2017-SC01, Class 2A, 3.50%, 12/25/46* | 173,203 | ||||||
953,919 | ||||||||
Total Mortgage Backed Securities | 4,553,851 | |||||||
Corporate Bonds (4.1%) | ||||||||
Tobacco (4.1%) | ||||||||
180,000 | Altria Group, Inc., 5.95%, 2/14/49, Callable 8/14/48 @ 100 * | 216,857 |
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Tobacco, continued: | ||||||||
$ | 156,000 | Philip Morris International, Inc., 6.38%, 5/16/38 | $ | 217,369 | ||||
434,226 | ||||||||
Total Corporate Bonds | 434,226 | |||||||
U.S. Government Agency Securities (8.3%) | ||||||||
Federal Farm Credit Bank | ||||||||
210,000 | 2.23%, 10/15/26, Callable 10/15/20 @ 100 * | 207,972 | ||||||
225,000 | 2.50%, 10/9/29, Callable 10/9/20 @ 100 * | 224,760 | ||||||
250,000 | 2.87%, 11/4/32, Callable 2/4/20 @ 100 * | 247,945 | ||||||
680,677 | ||||||||
Federal Home Loan Bank | ||||||||
200,000 | 2.75%, 10/24/30, Callable 4/24/20 @ 100 * | 199,536 | ||||||
Total U.S. Government Agency Securities | 880,213 | |||||||
U.S. Treasury Obligations (31.4%) | ||||||||
U.S. Treasury Bonds | ||||||||
1,070,000 | 3.00%, 8/15/48 | 1,250,228 | ||||||
U.S. Treasury Notes | ||||||||
1,035,000 | 1.75%, 7/31/24 | 1,040,498 | ||||||
944,000 | 2.88%, 8/15/28 | 1,028,407 | ||||||
2,068,905 | ||||||||
Total U.S. Treasury Obligations | 3,319,133 | |||||||
Investment in Affiliates (6.6%) | ||||||||
698,630 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(c) | 698,630 | ||||||
Total Investment in Affiliates | 698,630 | |||||||
Total Investments (Cost $10,352,028)(d) - 99.4% | 10,515,954 | |||||||
Other assets in excess of liabilities — 0.6% | 64,723 | |||||||
Net Assets - 100.0% | $ | 10,580,677 |
(a) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2019. |
(b) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
(c) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
† | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
See notes to the schedule of portfolio investments.
-18-
CAVANAL HILL FUNDS
Ultra Short Tax-Free Income Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Municipal Bonds (103.2%) | ||||||||
Alaska (3.4%) | ||||||||
$ | 800,000 | Valdez Alaska Marine Terminal Revenue, Series C, 1.14%, 12/1/29, Continuously Callable @100, Insured by: GTY(a) | $ | 800,000 | ||||
Arkansas (0.6%) | ||||||||
140,000 | Russellville School District No 14, GO, 2.00%, 2/1/20, State Aid Withholding | 140,165 | ||||||
Colorado (2.6%) | ||||||||
630,000 | City of Colorado Springs, Colorado Variable Rate Demand Utilities System Improvement Revenue, Series C, 1.11%, 11/1/40, Continuously Callable @100, Barclays Bank(a) | 630,000 | ||||||
Connecticut (3.9%) | ||||||||
700,000 | State of Connecticut Special Tax Revenue, Series A, 5.00%, 9/1/20 | 719,698 | ||||||
225,000 | State of Connecticut, GO, Series F, 5.00%, 11/15/20 | 233,226 | ||||||
952,924 | ||||||||
Florida (4.0%) | ||||||||
550,000 | Palm Beach County Revenue, 1.14%, 7/1/32, Callable 1/2/20 @ 100, Northern Trust Co*(a) | 550,000 | ||||||
400,000 | School Board of Miami-Dade County Revenue, 2.00%, 2/27/20 | 400,812 | ||||||
950,812 | ||||||||
Georgia (2.1%) | ||||||||
500,000 | Georgia Private Colleges & Universities Authority Revenue, Series B-3, 1.05%, 9/1/35, Continuously Callable @100(a) | 500,000 | ||||||
Illinois (12.4%) | ||||||||
105,000 | Adams County School District No 172, GO, 4.00%, 2/1/20, BAM | 105,396 | ||||||
700,000 | Channahon Illinois, Morris Hospital Revenue, 1.13%, 12/1/34, Continuously Callable @100, U.S. Bank NA(a) | 700,000 | ||||||
235,000 | Cook County School District No 130 Blue Island, GO, 5.00%, 12/1/19, AGC | 235,022 | ||||||
300,000 | Cook County School District No 148 Dolton, GO, 5.00%, 12/1/19 | 300,024 | ||||||
250,000 | Hancock County Community Consolidated School District No 328 Hamilton, GO, 3.00%, 12/1/19 | 250,010 | ||||||
700,000 | Illinois State Finance Authority Revenue, Series C, 1.09%, 2/15/33, Continuously Callable @100, LOC(a) | 700,000 | ||||||
250,000 | Knox & Warren Counties Community Unit School District No 205 Galesburg, GO, Series A, 4.00%, 12/1/20 | 256,798 | ||||||
170,000 | Sycamore Park District, GO, Series A, 2.00%, 12/15/20, BAM | 171,025 | ||||||
200,000 | Village of Morton Grove Illinois, GO, 5.00%, 12/15/20 | 207,276 | ||||||
2,925,551 | ||||||||
Indiana (1.8%) | ||||||||
415,000 | Lafayette School Corp., GO, 4.00%, 7/15/20, ST INTERCEPT | 420,860 |
Shares or Principal Amount | Security Description | Value | ||||||
Municipal Bonds, continued: | ||||||||
Kansas (4.0%) | ||||||||
$ | 440,000 | City of Wichita Kansas, GO, Series 824, 4.50%, 6/1/20 | $ | 447,379 | ||||
500,000 | Riley County Unified School District No 383 Manhattan-Ogden, GO, 3.00%, 9/1/20 | 505,375 | ||||||
952,754 | ||||||||
Kentucky (0.7%) | ||||||||
160,000 | Trigg County School District Finance Corp. Revenue, 2.25%, 11/1/20, ST INTERCEPT | 161,240 | ||||||
Louisiana (2.0%) | ||||||||
485,000 | Louisiana Public Facilities Authority Revenue, Series B-3, 1.10%, 7/1/47, Continuously Callable @100, BNY(a) | 485,000 | ||||||
Michigan (2.1%) | ||||||||
500,000 | Bishop International Airport Authority, GO, 3.13%, 12/1/19 | 500,023 | ||||||
Minnesota (4.0%) | ||||||||
230,000 | City of Jordan Minnesota, GO, Series B, 2.00%, 2/1/20 | 230,278 | ||||||
735,000 | Clearbrook-Gonvick Independent School District No 2311, GO, Series A, 2.00%, 2/1/20, SD CRED PROG | 735,933 | ||||||
966,211 | ||||||||
Missouri (3.3%) | ||||||||
800,000 | Missouri Public Utilities Commission Revenue, 1.50%, 3/1/21, Continuously Callable @100 | 800,703 | ||||||
New Jersey (2.3%) | ||||||||
539,000 | Township of Freehold New Jersey, GO, 1.50%, 10/15/20 | 539,323 | ||||||
Ohio (15.7%) | ||||||||
499,000 | American Municipal Power, Inc. Revenue, 2.25%, 8/13/20 | 501,580 | ||||||
500,000 | City of Akron Ohio Income Tax Revenue, 3.50%, 12/10/19 | 500,292 | ||||||
500,000 | City of Parma Heights Ohio, GO, 2.50%, 4/9/20 | 502,205 | ||||||
700,000 | City of Vandalia Ohio, GO, 2.13%, 9/2/20 | 704,235 | ||||||
500,000 | City of Whitehall Ohio Revenue, 3.50%, 12/11/19 | 500,242 | ||||||
200,000 | County of Belmont Ohio, GO, 3.00%, 1/29/20 | 200,521 | ||||||
300,000 | County of Lake Ohio, GO, 2.25%, 4/4/20 | 300,957 | ||||||
500,000 | Shelby City School District Revenue, 4.00%, 11/1/20 | 512,460 | ||||||
3,722,492 | ||||||||
Oklahoma (0.5%) | ||||||||
115,000 | Cleveland County Educational Facilities Authority Revenue, 4.00%, 9/1/20 | 117,300 | ||||||
Pennsylvania (4.2%) | ||||||||
1,000,000 | Philadelphia Pennsylvania, GO, Series B, 1.11%, 8/1/31, Continuously Callable @100, Barclays Bank(a) | 1,000,000 | ||||||
South Dakota (0.4%) | ||||||||
100,000 | Custer School District 16-1, GO, 3.00%, 8/1/20, State Aid Withholding | 101,168 | ||||||
Tennessee (3.0%) | ||||||||
300,000 | Clarksville Tennessee Public Building Authority Revenue, 1.18%, 1/1/33, Callable 1/1/20 @ 100, BAM*(a) | 300,000 |
See notes to the schedule of portfolio investments.
-19-
CAVANAL HILL FUNDS
Ultra Short Tax-Free Income Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Municipal Bonds, continued: | ||||||||
Tennessee, continued: | ||||||||
$ | 400,000 | Montgomery Country Public Building Authority Revenue, 1.18%, 2/1/36, Callable 1/1/20 @ 100, Bank of America*(a) | $ | 400,000 | ||||
700,000 | ||||||||
Texas (20.4%) | ||||||||
870,000 | Austin Texas Hotel Occupancy Tax Revenue, 1.14%, 11/15/29, Continuously Callable @100, JPM(a) | 870,000 | ||||||
375,000 | Cibolo Canyons Special Improvement District, GO, Series A, 5.00%, 8/15/20, AGM | 384,071 | ||||||
185,000 | City of Diboll Texas, GO, 5.00%, 2/15/20, BAM | 186,343 | ||||||
450,000 | City of Houston Texas Airport System Revenue, 1.13%, 7/1/30, Continuously Callable @100, Barclays Bank(a) | 450,000 | ||||||
230,000 | Crosby Municipal Utility District, GO, 2.00%, 8/15/20, BAM | 230,828 | ||||||
570,000 | El Paso Downtown Development Corp. Revenue, 4.00%, 8/15/20 | 580,277 | ||||||
215,000 | Fort Bend County Municipal Utility District No 134D, GO, 4.00%, 9/1/20, AGM | 219,057 | ||||||
185,000 | Galveston County Municipal Utility District No 14, GO, 1.75%, 10/1/20, BAM | 185,607 | ||||||
285,000 | Montgomery County Municipal Utility District No 18, 2.00%, 3/1/20 | 285,487 | ||||||
125,000 | Paseo del Este Municipal Utility District No 10, 4.00%, 8/15/20, Capital Markets Assurance Corp. | 127,280 | ||||||
100,000 | Remington Municipal Utility District No 1, 3.00%, 9/1/20, AGM | 101,224 | ||||||
185,000 | Reunion Ranch Water Control & Improvement District, GO, 2.00%, 8/15/20, AGM | 185,623 |
Shares or Principal Amount | Security Description | Value | ||||||
Municipal Bonds, continued: | ||||||||
Texas, continued: | ||||||||
$ | 420,000 | State of Texas Revenue, 4.00%, 8/27/20 | $ | 428,744 | ||||
240,000 | Sunfield Municipal Utility District No 1, GO, 4.00%, 9/1/20, AGM | 244,476 | ||||||
275,000 | Travis County Municipal Utility District No 18, GO, 2.00%, 9/1/20, BAM | 276,216 | ||||||
100,000 | Trinity River Authority Denton Creek Wastewater Treatment System Revenue, 3.00%, 2/1/20 | 100,297 | ||||||
4,855,530 | ||||||||
Wisconsin (6.4%) | ||||||||
135,000 | City of Onalaska Wisconsin, GO, 3.00%, 10/1/20 | 136,983 | ||||||
675,000 | County of Green Wisconsin, GO, Series A, 3.00%, 12/1/20 | 686,705 | ||||||
100,000 | Village of Osceola Wisconsin, GO, 3.00%, 6/1/20, AGM | 100,880 | ||||||
150,000 | Western Technical College District, GO, Series C, 3.00%, 4/1/20 | 150,845 | ||||||
460,000 | Wisconsin Health & Educational Facilities Authority Revenue, 1.15%, 3/1/36, Callable 1/2/20 @ 100, JPM*(a) | 460,000 | ||||||
1,535,413 | ||||||||
Wyoming (3.4%) | ||||||||
800,000 | County of Lincoln Wyoming Revenue, 1.14%, 10/1/44, Continuously Callable @100, Exxon Mobil Corp.(a) | 800,000 | ||||||
Total Municipal Bonds | 24,557,469 | |||||||
Investment in Affiliates (2.3%) | ||||||||
542,836 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(b) | 542,836 | ||||||
Total Investment in Affiliates | 542,836 | |||||||
Total Investments (Cost $25,086,423) - 105.5% | 25,100,305 | |||||||
Liabilities in excess of other assets — (5.5)% | (1,298,111 | ) | ||||||
Net Assets - 100.0% | $ | 23,802,194 |
(a) | Interest rate is determined by the Remarketing Agent. The rate presented is the rate in effect at November 30, 2019. |
(b) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
AGC | Assured Guaranty Corporation |
AGM | Assured Guaranty Municipal Corporation |
BAM | Build America Mutual Assurance Company |
BNY | Bank of New York Mellon |
GO | General Obligation |
GTY | Guarantor Agreement |
JPM | J.P. Morgan Chase Bank |
LOC | Letter of Credit |
See notes to the schedule of portfolio investments.
-20-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks (48.0%) | ||||||||
Aerospace & Defense (1.4%) | ||||||||
201 | BWX Technologies, Inc. | $ | 12,086 | |||||
382 | General Dynamics Corp. | 69,425 | ||||||
46 | HEICO Corp. | 5,975 | ||||||
163 | HEICO Corp., Class A | 16,372 | ||||||
725 | L3Harris Technologies, Inc. | 145,789 | ||||||
303 | Lockheed Martin Corp. | 118,482 | ||||||
131 | Northrop Grumman Corp. | 46,082 | ||||||
310 | Raytheon Co. | 67,400 | ||||||
512 | Spirit AeroSystems Holdings, Inc., Class A | 44,539 | ||||||
18 | Teledyne Technologies, Inc.(a) | 6,156 | ||||||
272 | The Boeing Co. | 99,601 | ||||||
132 | United Technologies Corp. | 19,581 | ||||||
117 | Vectrus, Inc.(a) | 5,960 | ||||||
657,448 | ||||||||
Air Freight & Logistics (0.1%) | ||||||||
640 | Expeditors International of Washington, Inc. | 47,846 | ||||||
Airlines (0.2%) | ||||||||
701 | Delta Air Lines, Inc. | 40,174 | ||||||
779 | JetBlue Airways Corp.(a) | 15,011 | ||||||
142 | Southwest Airlines Co. | 8,185 | ||||||
181 | United Airlines Holdings, Inc.(a) | 16,797 | ||||||
80,167 | ||||||||
Auto Components (0.1%) | ||||||||
1,228 | Gentex Corp. | 34,875 | ||||||
188 | Lear Corp. | 22,618 | ||||||
57,493 | ||||||||
Banks (3.1%) | ||||||||
5,675 | Bank of America Corp. | 189,091 | ||||||
236 | BankUnited, Inc. | 8,274 | ||||||
1,871 | BB&T Corp. | 102,381 | ||||||
246 | Citigroup, Inc. | 18,480 | ||||||
181 | Comerica, Inc. | 12,744 | ||||||
725 | Commerce Bancshares, Inc. | 48,597 | ||||||
402 | Cullen/Frost Bankers, Inc. | 37,611 | ||||||
441 | East West Bancorp, Inc. | 20,207 | ||||||
64 | First Citizens Bancshares, Inc. | 33,267 | ||||||
660 | First Horizon National Corp. | 10,613 | ||||||
78 | First Republic Bank | 8,572 | ||||||
868 | HSBC Holdings PLC ADR | 32,342 | ||||||
3,607 | JPMorgan Chase & Co. | 475,257 | ||||||
55 | M&T Bank Corp. | 9,061 | ||||||
165 | PacWest Bancorp | 6,145 | ||||||
1,056 | People’s United Financial, Inc. | 17,424 | ||||||
95 | Preferred Bank/Los Angeles CA | 5,239 | ||||||
131 | SunTrust Banks, Inc. | 9,280 | ||||||
139 | SVB Financial Group(a) | 32,210 | ||||||
432 | The PNC Financial Services Group, Inc. | 66,187 | ||||||
2,635 | U.S. Bancorp | 158,179 | ||||||
2,015 | Umpqua Holdings Corp. | 32,986 | ||||||
2,413 | Wells Fargo & Co. | 131,412 | ||||||
475 | Western Alliance Bancorp | 24,776 | ||||||
1,490,335 | ||||||||
Beverages (0.8%) | ||||||||
180 | Monster Beverage Corp.(a) | 10,768 | ||||||
1,751 | PepsiCo, Inc. | 237,838 | ||||||
11 | The Boston Beer Co, Inc., Class A(a) | 4,228 | ||||||
2,563 | The Coca-Cola Co. | 136,864 | ||||||
389,698 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Biotechnology (1.1%) | ||||||||
696 | AbbVie, Inc. | $ | 61,060 | |||||
296 | Alkermes PLC(a) | 6,222 | ||||||
549 | Amgen, Inc. | 128,861 | ||||||
84 | BioSpecifics Technologies Corp.(a) | 4,620 | ||||||
84 | Eagle Pharmaceuticals, Inc.(a) | 4,912 | ||||||
2,578 | Exelixis, Inc.(a) | 42,872 | ||||||
1,908 | Gilead Sciences, Inc. | 128,294 | ||||||
257 | Ionis Pharmaceuticals, Inc.(a) | 16,438 | ||||||
1,002 | Moderna, Inc.(a) | 20,401 | ||||||
38 | Regeneron Pharmaceuticals, Inc.(a) | 14,022 | ||||||
413 | Vertex Pharmaceuticals, Inc.(a) | 91,583 | ||||||
519,285 | ||||||||
Building Products (0.3%) | ||||||||
393 | Allegion PLC | 47,172 | ||||||
92 | Armstrong World Industries, Inc. | 8,834 | ||||||
242 | Builders FirstSource, Inc.(a) | 6,149 | ||||||
70 | CSW Industrials, Inc. | 5,168 | ||||||
158 | Lennox International, Inc. | 40,425 | ||||||
129 | Patrick Industries, Inc.(a) | 6,388 | ||||||
74 | Simpson Manufacturing Co, Inc. | 6,009 | ||||||
55 | Trex Co, Inc.(a) | 4,733 | ||||||
124,878 | ||||||||
Capital Markets (1.5%) | ||||||||
308 | Ameriprise Financial, Inc. | 50,472 | ||||||
117 | BlackRock, Inc. | 57,904 | ||||||
705 | CME Group, Inc. | 142,926 | ||||||
87 | Cohen & Steers, Inc. | 5,840 | ||||||
208 | Eaton Vance Corp. | 9,811 | ||||||
42 | FactSet Research Systems, Inc. | 10,905 | ||||||
263 | GAMCO Investors, Inc., Class A | 4,729 | ||||||
261 | Intercontinental Exchange, Inc. | 24,578 | ||||||
570 | LPL Financial Holdings, Inc. | 52,640 | ||||||
63 | Moody’s Corp. | 14,280 | ||||||
188 | Morgan Stanley | 9,302 | ||||||
79 | Morningstar, Inc. | 12,411 | ||||||
432 | MSCI, Inc., Class A | 111,971 | ||||||
520 | Nasdaq, Inc. | 54,496 | ||||||
91 | Northern Trust Corp. | 9,759 | ||||||
265 | S&P Global, Inc. | 70,133 | ||||||
138 | SEI Investments Co. | 8,905 | ||||||
88 | Stifel Financial Corp. | 5,502 | ||||||
108 | T. Rowe Price Group, Inc. | 13,344 | ||||||
389 | The Bank of New York Mellon Corp. | 19,049 | ||||||
560 | The Charles Schwab Corp. | 27,720 | ||||||
55 | The Goldman Sachs Group, Inc. | 12,174 | ||||||
168 | Westwood Holdings Group, Inc. | 5,184 | ||||||
734,035 | ||||||||
Chemicals (0.7%) | ||||||||
370 | Advanced Emissions Solutions, Inc. | 3,763 | ||||||
211 | AdvanSix, Inc.(a) | 4,269 | ||||||
206 | Air Products & Chemicals, Inc. | 48,684 | ||||||
762 | Axalta Coating Systems, Ltd.(a) | 21,694 | ||||||
1,020 | CF Industries Holdings, Inc. | 47,134 | ||||||
47 | Chase Corp. | 5,530 | ||||||
13 | Corteva, Inc. | 338 | ||||||
460 | Dow, Inc. | 24,550 | ||||||
340 | Ecolab, Inc. | 63,468 | ||||||
62 | Ingevity Corp.(a) | 5,599 | ||||||
53 | International Flavors & Fragrances, Inc. | 7,485 | ||||||
406 | LyondellBasell Industries NV, Class A | 37,571 | ||||||
30 | Quaker Chemical Corp. | 4,477 | ||||||
129 | RPM International, Inc. | 9,511 |
See notes to the schedule of portfolio investments.
-21-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Chemicals, continued: | ||||||||
28 | The Sherwin-Williams Co. | $ | 16,328 | |||||
135 | Trinseo SA | 5,129 | ||||||
315 | Westlake Chemical Corp. | 21,634 | ||||||
327,164 | ||||||||
Commercial Services & Supplies (0.6%) | ||||||||
397 | Cintas Corp. | 102,053 | ||||||
5,978 | Covanta Holding Corp. | 87,936 | ||||||
303 | IAA, Inc.(a) | 13,735 | ||||||
268 | Kimball International, Inc., Class B | 5,730 | ||||||
572 | Waste Management, Inc. | 64,585 | ||||||
274,039 | ||||||||
Communications Equipment (0.6%) | ||||||||
441 | Arista Networks, Inc.(a) | 86,052 | ||||||
3,052 | Cisco Systems, Inc. | 138,286 | ||||||
208 | Palo Alto Networks, Inc.(a) | 47,262 | ||||||
271,600 | ||||||||
Construction & Engineering (0.0%) | ||||||||
339 | AECOM Technology Corp.(a) | 14,688 | ||||||
422 | Sterling Construction Co, Inc.(a) | 6,149 | ||||||
20,837 | ||||||||
Consumer Finance (0.2%) | ||||||||
321 | American Express Co. | 38,558 | ||||||
54 | Credit Acceptance Corp.(a) | 23,245 | ||||||
149 | Discover Financial Services | 12,646 | ||||||
196 | Enova International, Inc.(a) | 4,514 | ||||||
651 | Santander Consumer USA Holdings, Inc. | 15,331 | ||||||
320 | Synchrony Financial | 11,971 | ||||||
34 | World Acceptance Corp.(a) | 3,230 | ||||||
109,495 | ||||||||
Containers & Packaging (0.3%) | ||||||||
257 | AptarGroup, Inc. | 28,815 | ||||||
1,166 | Berry Global Group, Inc.(a) | 54,440 | ||||||
474 | Packaging Corp. of America | 53,041 | ||||||
127 | Sonoco Products Co. | 7,687 | ||||||
116 | UFP Technologies, Inc.(a) | 5,377 | ||||||
149,360 | ||||||||
Distributors (0.1%) | ||||||||
144 | Core-Mark Holding Co, Inc. | 3,881 | ||||||
166 | Genuine Parts Co. | 17,325 | ||||||
94 | Pool Corp. | 19,407 | ||||||
40,613 | ||||||||
Diversified Consumer Services (0.2%) | ||||||||
241 | Bright Horizons Family Solutions, Inc.(a) | 36,276 | ||||||
17 | Graham Holdings Co., Class B | 10,737 | ||||||
176 | K12, Inc.(a) | 3,458 | ||||||
688 | ServiceMaster Global Holdings, Inc.(a) | 26,963 | ||||||
77,434 | ||||||||
Diversified Financial Services (0.5%) | ||||||||
757 | Berkshire Hathaway, Inc., Class B(a) | 166,767 | ||||||
350 | Jefferies Financial Group, Inc. | 7,315 | ||||||
784 | Voya Financial, Inc. | 45,692 | ||||||
219,774 | ||||||||
Diversified Telecommunication Services (0.5%) | ||||||||
3,585 | AT&T, Inc. | 134,007 | ||||||
1,812 | Verizon Communications, Inc. | 109,155 | ||||||
243,162 | ||||||||
Electric Utilities (0.7%) | ||||||||
245 | Alliant Energy Corp. | 12,985 | ||||||
140 | Eversource Energy | 11,570 | ||||||
697 | Exelon Corp. | 30,947 | ||||||
361 | NextEra Energy, Inc. | 84,409 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Electric Utilities, continued: | ||||||||
1,641 | OGE Energy Corp. | $ | 69,020 | |||||
656 | Pinnacle West Capital Corp. | 57,328 | ||||||
83 | Portland General Electric Co. | 4,607 | ||||||
2,125 | PPL Corp. | 72,314 | ||||||
495 | Spark Energy, Inc., Class A | 5,460 | ||||||
348,640 | ||||||||
Electrical Equipment (0.4%) | ||||||||
106 | AMETEK, Inc. | 10,495 | ||||||
1,378 | Emerson Electric Co. | 101,779 | ||||||
2,351 | nVent Electric PLC | 58,093 | ||||||
147 | Regal-Beloit Corp. | 12,014 | ||||||
182,381 | ||||||||
Electronic Equipment, Instruments & Components (0.8%) | ||||||||
513 | Amphenol Corp., Class A | 53,352 | ||||||
1,117 | CDW Corp. | 150,851 | ||||||
3,249 | Corning, Inc. | 94,351 | ||||||
97 | Insight Enterprises, Inc.(a) | 6,362 | ||||||
374 | Keysight Technologies, Inc.(a) | 40,029 | ||||||
50 | Tech Data Corp.(a) | 7,245 | ||||||
1,160 | Trimble Inc.(a) | 47,015 | ||||||
399,205 | ||||||||
Energy Equipment & Services (0.2%) | ||||||||
300 | Apergy Corp.(a) | 7,662 | ||||||
184 | Cactus, Inc., Class A | 5,555 | ||||||
1,890 | Helmerich & Payne, Inc. | 74,711 | ||||||
789 | Liberty Oilfield Services, Inc., Class A | 6,975 | ||||||
94,903 | ||||||||
Entertainment (0.9%) | ||||||||
239 | Cinemark Holdings, Inc. | 8,095 | ||||||
178 | Netflix, Inc.(a) | 56,009 | ||||||
760 | Take-Two Interactive Software(a) | 92,226 | ||||||
1,814 | The Walt Disney Co. | 274,967 | ||||||
431,297 | ||||||||
Equity Real Estate Investment Trusts (2.6%) | ||||||||
1,246 | American Homes 4 Rent, Class A | 33,281 | ||||||
204 | American Tower Corp. | 43,662 | ||||||
634 | Apartment Investment & Management Co. | 34,090 | ||||||
61 | AvalonBay Communities, Inc. | 13,079 | ||||||
742 | Brixmor Property Group, Inc. | 16,279 | ||||||
3 | Brookfield Property REIT, Inc., Class A | 57 | ||||||
1,825 | Caretrust REIT, Inc. | 38,106 | ||||||
936 | Columbia Property Trust, Inc. | 19,431 | ||||||
58 | CoreSite Realty Corp. | 6,577 | ||||||
740 | Crown Castle International Corp. | 98,909 | ||||||
1,692 | CubeSmart | 52,181 | ||||||
838 | Digital Reality Trust, Inc. | 101,357 | ||||||
443 | Douglas Emmett, Inc. | 19,523 | ||||||
1,843 | Duke Realty Corp. | 64,837 | ||||||
1,147 | Empire State Realty Trust, Inc. | 16,012 | ||||||
517 | Equity Commonwealth | 16,983 | ||||||
584 | Equity LifeStyle Properties, Inc. | 43,263 | ||||||
681 | Equity Residential | 57,953 | ||||||
30 | Essex Property Trust, Inc. | 9,365 | ||||||
682 | Extra Space Storage, Inc. | 72,326 | ||||||
2,952 | Host Hotels & Resorts, Inc. | 51,630 | ||||||
688 | JBG SMITH Properties | 27,437 | ||||||
1,193 | Lamar Advertising Co. | 99,533 | ||||||
452 | Lexington Realty Trust | 5,008 | ||||||
60 | Mid-America Apartment Communities, Inc. | 8,167 | ||||||
3,044 | Park Hotels & Resorts, Inc. | 71,991 |
See notes to the schedule of portfolio investments.
-22-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Equity Real Estate Investment Trusts, continued: | ||||||||
597 | Prologis, Inc. | $ | 54,655 | |||||
26 | PS Business Parks, Inc. | 4,591 | ||||||
359 | Public Storage | 75,634 | ||||||
129 | Realty Income Corp. | 9,885 | ||||||
290 | RLJ Lodging Trust | 4,956 | ||||||
59 | Ryman Hospitality Properties, Inc. | 5,265 | ||||||
26 | SBA Communications Corp. | 6,148 | ||||||
144 | Simon Property Group, Inc. | 21,774 | ||||||
138 | SL Green Realty Corp. | 11,776 | ||||||
275 | The GEO Group, Inc. | 3,812 | ||||||
513 | Vici Properties, Inc. | 12,686 | ||||||
283 | Weingarten Realty Investors | 9,011 | ||||||
71 | Welltower, Inc. | 6,004 | ||||||
234 | Xenia Hotels & Resorts, Inc. | 4,928 | ||||||
1,252,162 | ||||||||
Food & Staples Retailing (0.6%) | ||||||||
275 | Costco Wholesale Corp. | 82,447 | ||||||
122 | Ingles Markets, Inc., Class A | 5,422 | ||||||
429 | SpartanNash Co. | 6,075 | ||||||
223 | Sysco Corp. | 17,963 | ||||||
605 | US Foods Holding Corp.(a) | 24,061 | ||||||
148 | Walgreens Boots Alliance, Inc. | 8,821 | ||||||
1,312 | Wal-Mart Stores, Inc. | 156,245 | ||||||
301,034 | ||||||||
Food Products (0.8%) | ||||||||
278 | General Mills, Inc. | 14,823 | ||||||
1,302 | Hormel Foods Corp. | 57,978 | ||||||
51 | John B Sanfilippo & Son, Inc. | 4,985 | ||||||
526 | Kellogg Co. | 34,253 | ||||||
33 | Lancaster Colony Corp. | 5,215 | ||||||
57 | McCormick & Co. | 9,647 | ||||||
2,731 | Mondelez International, Inc., Class A | 143,487 | ||||||
68 | The Hershey Co. | 10,075 | ||||||
1,361 | Tyson Foods, Inc., Class A | 122,340 | ||||||
402,803 | ||||||||
Gas Utilities (0.2%) | ||||||||
98 | Atmos Energy Corp. | 10,482 | ||||||
50 | Chesapeake Utilities Corp. | 4,557 | ||||||
104 | New Jersey Resources Corp. | 4,424 | ||||||
51 | ONE Gas, Inc. | 4,532 | ||||||
1,180 | UGI Corp. | 51,390 | ||||||
75,385 | ||||||||
Health Care Equipment & Supplies (1.7%) | ||||||||
1,097 | Abbott Laboratories | 93,739 | ||||||
39 | ABIOMED, Inc.(a) | 7,651 | ||||||
116 | Align Technology, Inc.(a) | 32,171 | ||||||
1,232 | Baxter International, Inc. | 100,986 | ||||||
264 | Becton, Dickinson & Co. | 68,244 | ||||||
141 | Boston Scientific Corp.(a) | 6,098 | ||||||
533 | Danaher Corp. | 77,807 | ||||||
367 | Edwards Lifesciences Corp.(a) | 89,893 | ||||||
600 | Hill-Rom Holdings, Inc. | 64,326 | ||||||
1,005 | Hologic, Inc.(a) | 51,577 | ||||||
1 | IDEXX Laboratories, Inc.(a) | 252 | ||||||
45 | Intuitive Surgical, Inc.(a) | 26,681 | ||||||
617 | Medtronic PLC | 68,728 | ||||||
66 | ResMed, Inc. | 9,874 | ||||||
61 | STERIS PLC | 9,220 | ||||||
363 | Stryker Corp. | 74,364 | ||||||
145 | Teleflex, Inc. | 51,234 | ||||||
21 | The Cooper Cos., Inc. | 6,575 | ||||||
839,420 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Health Care Providers & Services (0.8%) | ||||||||
72 | Amedisys, Inc.(a) | $ | 11,733 | |||||
181 | Anthem, Inc. | 52,247 | ||||||
94 | Chemed Corp. | 40,422 | ||||||
571 | Covetrus, Inc.(a) | 8,171 | ||||||
42 | HCA Healthcare, Inc. | 5,824 | ||||||
130 | Henry Schein, Inc.(a) | 8,957 | ||||||
39 | LHC Group, Inc.(a) | 5,203 | ||||||
184 | Molina Healthcare, Inc.(a) | 24,932 | ||||||
73 | National Research Corp. | 4,709 | ||||||
47 | Pennant Group, Inc.(a) | 1,101 | ||||||
197 | Premier, Inc., Class A(a) | 7,001 | ||||||
90 | Quest Diagnostics, Inc. | 9,590 | ||||||
331 | RadNet, Inc.(a) | 6,342 | ||||||
292 | Select Medical Holdings Corp.(a) | 6,456 | ||||||
94 | The Ensign Group, Inc. | 4,082 | ||||||
718 | UnitedHealth Group, Inc. | 200,947 | ||||||
43 | Universal Health Services, Inc., Class B | 5,998 | ||||||
403,715 | ||||||||
Health Care Technology (0.1%) | ||||||||
365 | Veeva Systems, Inc.(a) | 54,451 | ||||||
Hotels, Restaurants & Leisure (1.4%) | ||||||||
281 | Bloomin’ Brands, Inc. | 6,758 | ||||||
299 | Carnival Corp. | 13,479 | ||||||
775 | Darden Restaurants, Inc. | 91,791 | ||||||
391 | Dunkin’ Brands Group, Inc. | 29,931 | ||||||
990 | Hilton Worldwide Holdings, Inc. | 103,950 | ||||||
107 | Hyatt Hotels Corp., Class A | 8,646 | ||||||
120 | Marriott International, Inc., Class A | 16,843 | ||||||
414 | McDonald’s Corp. | 80,515 | ||||||
1,207 | Six Flags Entertainment Corp. | 52,480 | ||||||
2,263 | Starbucks Corp. | 193,327 | ||||||
2,497 | Wendy’s Co. (The) | 53,536 | ||||||
259 | Yum! Brands, Inc. | 26,074 | ||||||
677,330 | ||||||||
Household Durables (0.1%) | ||||||||
503 | Garmin, Ltd. | 49,138 | ||||||
Household Products (1.0%) | ||||||||
177 | Central Garden & Pet Co.(a) | 4,669 | ||||||
502 | Church & Dwight Co., Inc. | 35,260 | ||||||
949 | Colgate-Palmolive Co. | 64,361 | ||||||
160 | Kimberly-Clark Corp. | 21,814 | ||||||
893 | The Clorox Co. | 132,369 | ||||||
1,812 | The Procter & Gamble Co. | 221,174 | ||||||
479,647 | ||||||||
Independent Power and Renewable Electricity Producers (0.0%) | ||||||||
869 | AES Corp. | 16,433 | ||||||
Industrial Conglomerates (0.7%) | ||||||||
1,026 | 3M Co. | 174,184 | ||||||
61 | Carlisle Cos., Inc. | 9,515 | ||||||
582 | Honeywell International, Inc. | 103,916 | ||||||
85 | Roper Technologies, Inc. | 30,631 | ||||||
318,246 | ||||||||
Insurance (1.6%) | ||||||||
345 | Aflac, Inc. | 18,920 | ||||||
192 | AON PLC | 39,093 | ||||||
86 | Arthur J. Gallagher & Co. | 8,021 | ||||||
744 | Assured Guaranty, Ltd. | 36,940 | ||||||
191 | Athene Holdings, Ltd.(a) | 8,599 | ||||||
1,014 | Brighthouse Financial, Inc.(a) | 41,736 | ||||||
213 | Chubb, Ltd. | 32,265 | ||||||
223 | Cincinnati Financial Corp. | 23,872 | ||||||
171 | Erie Indemnity Co., Class A | 28,950 |
See notes to the schedule of portfolio investments.
-23-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Insurance, continued: | ||||||||
1,324 | FNF Group | $ | 63,062 | |||||
332 | Lincoln National Corp. | 19,605 | ||||||
327 | Marsh & McLennan Cos., Inc. | 35,339 | ||||||
199 | National General Holdings Corp. | 4,237 | ||||||
197 | Principal Financial Group, Inc. | 10,855 | ||||||
456 | Prudential Financial, Inc. | 42,691 | ||||||
692 | The Allstate Corp. | 77,054 | ||||||
148 | The Hanover Insurance Group, Inc. | 20,118 | ||||||
435 | The Hartford Financial Services Group, Inc. | 26,909 | ||||||
1,042 | The Progressive Corp. | 76,118 | ||||||
355 | Travelers Companies, Inc. | 48,536 | ||||||
194 | Universal Insurance Holdings, Inc. | 5,645 | ||||||
1,553 | Unum Group | 47,739 | ||||||
55 | Willis Towers Watson PLC | 10,804 | ||||||
727,108 | ||||||||
Interactive Media & Services (1.3%) | ||||||||
95 | Alphabet, Inc., Class A(a) | 123,889 | ||||||
131 | Alphabet, Inc., Class C(a) | 170,950 | ||||||
971 | Facebook, Inc., Class A(a) | 195,792 | ||||||
86 | IAC/InterActiveCorp.(a) | 19,152 | ||||||
1,149 | Match Group, Inc. | 80,982 | ||||||
819 | QuinStreet, Inc.(a) | 12,891 | ||||||
275 | TripAdvisor, Inc. | 7,810 | ||||||
374 | Twitter, Inc.(a) | 11,560 | ||||||
140 | Yelp, Inc.(a) | 4,855 | ||||||
627,881 | ||||||||
Internet & Direct Marketing Retail (0.7%) | ||||||||
133 | Amazon.com, Inc.(a) | 239,506 | ||||||
26 | Booking Holdings, Inc.(a) | 49,505 | ||||||
578 | eBay, Inc. | 20,531 | ||||||
613 | Etsy, Inc.(a) | 26,598 | ||||||
141 | Expedia, Inc. | 14,334 | ||||||
350,474 | ||||||||
IT Services (2.8%) | ||||||||
299 | Accenture PLC, Class A | 60,147 | ||||||
276 | Automatic Data Processing, Inc. | 47,135 | ||||||
524 | Booz Allen Hamilton Holding Corp. | 38,126 | ||||||
174 | Broadridge Financial Solutions, Inc. | 21,526 | ||||||
215 | Cognizant Technology Solutions Corp., Class A | 13,784 | ||||||
142 | CoreLogic, Inc.(a) | 5,883 | ||||||
89 | CSG Systems International, Inc. | 5,090 | ||||||
153 | Fidelity National Information Services, Inc. | 21,137 | ||||||
1,717 | Fiserv, Inc.(a) | 199,583 | ||||||
40 | FleetCor Technologies, Inc.(a) | 12,277 | ||||||
440 | Global Payments, Inc. | 79,684 | ||||||
444 | International Business Machine Corp. | 59,696 | ||||||
108 | Jack Henry & Associates, Inc. | 16,410 | ||||||
151 | Leidos Holdings, Inc. | 13,717 | ||||||
794 | MasterCard, Inc., Class A | 232,030 | ||||||
51 | Okta, Inc.(a) | 6,619 | ||||||
313 | Paychex, Inc. | 26,956 | ||||||
592 | Paypal Holdings, Inc.(a) | 63,942 | ||||||
567 | The Western Union Co. | 15,241 | ||||||
102 | TTEC Holdings, Inc. | 4,685 | ||||||
1,016 | VeriSign, Inc.(a) | 193,792 | ||||||
1,131 | Visa, Inc., Class A | 208,680 | ||||||
1,346,140 | ||||||||
Leisure Products (0.1%) | ||||||||
377 | Hasbro, Inc. | 38,341 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Leisure Products, continued: | ||||||||
166 | YETI Holdings, Inc.(a) | $ | 5,282 | |||||
43,623 | ||||||||
Life Sciences Tools & Services (0.7%) | ||||||||
808 | Agilent Technologies, Inc. | 65,262 | ||||||
5 | Bruker Corp. | 256 | ||||||
209 | Charles River Laboratories International, Inc.(a) | 30,357 | ||||||
31 | Illumina, Inc.(a) | 9,944 | ||||||
262 | Iqvia Holdings, Inc.(a) | 38,247 | ||||||
93 | Mettler-Toledo International, Inc.(a) | 66,905 | ||||||
167 | PRA Health Sciences, Inc.(a) | 18,171 | ||||||
274 | Thermo Fisher Scientific, Inc. | 86,022 | ||||||
186 | Waters Corp.(a) | 41,305 | ||||||
356,469 | ||||||||
Machinery (0.7%) | ||||||||
1,751 | Allison Transmission Holdings, Inc. | 84,748 | ||||||
144 | Crane Co. | 11,962 | ||||||
105 | DMC Global, Inc. | 4,839 | ||||||
933 | Fortive Corp. | 67,335 | ||||||
415 | Graco, Inc. | 20,049 | ||||||
251 | IDEX Corp. | 40,848 | ||||||
271 | Illinois Tool Works, Inc. | 47,243 | ||||||
112 | Ingersoll-Rand PLC | 14,684 | ||||||
163 | ITT, Inc. | 11,374 | ||||||
277 | Meritor, Inc.(a) | 6,994 | ||||||
124 | PACCAR, Inc. | 10,090 | ||||||
437 | The Timken Co. | 22,982 | ||||||
344 | The Toro Co. | 26,894 | ||||||
370,042 | ||||||||
Media (0.5%) | ||||||||
41 | Cable One, Inc. | 62,934 | ||||||
941 | CBS Corp., Class B | 37,998 | ||||||
883 | Comcast Corp., Class A | 38,984 | ||||||
347 | Cumulus Media, Inc., Class A(a) | 6,017 | ||||||
406 | Discovery Communications, Inc., Class A(a) | 13,374 | ||||||
639 | Fox Corp., Class A | 22,851 | ||||||
211 | GCI Liberty, Inc., Class A(a) | 14,979 | ||||||
315 | Gray Television, Inc.(a) | 6,376 | ||||||
329 | Msg Networks, Inc., Class A(a) | 5,343 | ||||||
102 | Omnicom Group, Inc. | 8,107 | ||||||
162 | Saga Communications, Inc., Class A | 4,980 | ||||||
197 | TechTarget, Inc.(a) | 5,224 | ||||||
227,167 | ||||||||
Metals & Mining (0.2%) | ||||||||
511 | Alcoa Corp.(a) | 10,399 | ||||||
316 | Reliance Steel & Aluminum Co. | 37,282 | ||||||
209 | Schnitzer Steel Industries, Inc. | 4,504 | ||||||
1,619 | Steel Dynamics, Inc. | 54,608 | ||||||
106,793 | ||||||||
Mortgage Real Estate Investment Trusts (0.1%) | ||||||||
1,193 | AGNC Investment Corp. | 20,663 | ||||||
1,064 | Annaly Capital Management, Inc. | 9,927 | ||||||
30,590 | ||||||||
Multiline Retail (0.2%) | ||||||||
334 | Dollar General Corp. | 52,559 | ||||||
114 | Dollar Tree, Inc.(a) | 10,426 | ||||||
243 | Kohl’s Corp. | 11,423 | ||||||
160 | Target Corp. | 20,002 | ||||||
94,410 | ||||||||
Multi-Utilities (0.3%) | ||||||||
61 | Black Hills Corp. | 4,671 |
See notes to the schedule of portfolio investments.
-24-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Multi-Utilities, continued: | ||||||||
1,212 | CenterPoint Energy, Inc. | $ | 29,767 | |||||
99 | Consolidated Edison, Inc. | 8,602 | ||||||
57 | DTE Energy Co. | 7,122 | ||||||
437 | MDU Resources Group, Inc. | 12,690 | ||||||
65 | NorthWestern Corp. | 4,652 | ||||||
720 | Public Service Enterprise Group, Inc. | 42,703 | ||||||
45 | Sempra Energy | 6,627 | ||||||
492 | WEC Energy Group, Inc. | 43,616 | ||||||
160,450 | ||||||||
Oil, Gas & Consumable Fuels (1.5%) | ||||||||
3,930 | Cabot Oil & Gas Corp. | 62,644 | ||||||
542 | Chevron Corp. | 63,484 | ||||||
1,170 | ConocoPhillips | 70,130 | ||||||
1,138 | Continental Resources, Inc. | 35,141 | ||||||
242 | CVR Energy, Inc. | 10,500 | ||||||
145 | Delek US Holdings, Inc. | 4,975 | ||||||
4,518 | Devon Energy Corp. | 98,900 | ||||||
541 | EOG Resources, Inc. | 38,357 | ||||||
412 | Equitrans Midstream Corp. | 4,108 | ||||||
830 | Exxon Mobil Corp. | 56,548 | ||||||
531 | HollyFrontier Corp. | 27,373 | ||||||
409 | Murphy Oil Corp. | 9,411 | ||||||
96 | NACCO Industries, Inc., Class A | 4,522 | ||||||
291 | Noble Energy, Inc. | 6,041 | ||||||
560 | Occidental Petroleum Corp. | 21,599 | ||||||
615 | ONEOK, Inc. | 43,696 | ||||||
1,210 | PBF Energy, Inc. | 37,873 | ||||||
248 | Pioneer Natural Resources Co. | 31,704 | ||||||
880 | TOTAL SA ADR | 46,235 | ||||||
496 | Valero Energy Corp. | 47,363 | ||||||
720,604 | ||||||||
Paper & Forest Products (0.0%) | ||||||||
321 | Domtar Corp. | 11,980 | ||||||
Personal Products (0.1%) | ||||||||
48 | Medifast, Inc. | 4,220 | ||||||
101 | The Estee Lauder Cos., Inc., Class A | 19,742 | ||||||
70 | USANA Health Sciences, Inc.(a) | 5,152 | ||||||
29,114 | ||||||||
Pharmaceuticals (2.0%) | ||||||||
1,078 | Bristol-Myers Squibb Co. | 61,381 | ||||||
515 | Elanco Animal Health, Inc.(a) | 14,271 | ||||||
414 | Innoviva, Inc.(a) | 5,581 | ||||||
2,784 | Johnson & Johnson | 382,772 | ||||||
1,782 | Merck & Co., Inc. | 155,355 | ||||||
5,722 | Pfizer, Inc. | 220,411 | ||||||
842 | Zoetis, Inc. | 101,478 | ||||||
941,249 | ||||||||
Professional Services (0.1%) | ||||||||
135 | IHS Markit, Ltd.(a) | 9,808 | ||||||
143 | Kforce, Inc. | 5,651 | ||||||
166 | ManpowerGroup, Inc. | 15,378 | ||||||
244 | Robert Half International, Inc. | 14,201 | ||||||
74 | Verisk Analytics, Inc., Class A | 10,914 | ||||||
55,952 | ||||||||
Real Estate Management & Development (0.1%) | ||||||||
443 | CBRE Group, Inc., Class A(a) | 25,260 | ||||||
74 | Consolidated-Tomoka Land Co. | 4,639 | ||||||
184 | Re/MAX Holdings, Inc. | 7,056 | ||||||
202 | The RMR Group, Inc., Class A | 9,488 | ||||||
46,443 | ||||||||
Road & Rail (0.3%) | ||||||||
281 | Old Dominion Freight Line, Inc. | 53,837 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Road & Rail, continued: | ||||||||
113 | Ryder System, Inc. | $ | 5,931 | |||||
302 | Schneider National, Inc., Class B | 6,871 | ||||||
379 | Union Pacific Corp. | 66,700 | ||||||
133,339 | ||||||||
Semiconductors & Semiconductor Equipment (1.6%) | ||||||||
1,092 | Advanced Micro Devices, Inc.(a) | 42,752 | ||||||
189 | Applied Materials, Inc. | 10,943 | ||||||
389 | Broadcom, Inc. | 123,005 | ||||||
89 | Cirrus Logic, Inc.(a) | 6,381 | ||||||
377 | Cree, Inc.(a) | 16,667 | ||||||
129 | Diodes, Inc.(a) | 5,952 | ||||||
391 | First Solar, Inc.(a) | 21,599 | ||||||
812 | Intel Corp. | 47,137 | ||||||
67 | KLA-Tencor Corp. | 10,979 | ||||||
807 | Lam Research Corp. | 215,331 | ||||||
699 | Maxim Integrated Products, Inc. | 39,612 | ||||||
1,141 | Micron Technology, Inc.(a) | 54,209 | ||||||
71 | NVIDIA Corp. | 15,389 | ||||||
169 | Onto Innovation, Inc.(a) | 5,672 | ||||||
636 | QUALCOMM, Inc. | 53,138 | ||||||
832 | Texas Instruments, Inc. | 100,015 | ||||||
67 | Xilinx, Inc. | 6,216 | ||||||
774,997 | ||||||||
Software (3.5%) | ||||||||
451 | Adobe Systems, Inc.(a) | 139,598 | ||||||
100 | Alarm.com Holdings, Inc.(a) | 4,362 | ||||||
1,841 | Cadence Design Systems, Inc.(a) | 129,330 | ||||||
549 | Citrix Systems, Inc. | 61,933 | ||||||
81 | Elastic NV(a) | 6,432 | ||||||
1,445 | Fortinet, Inc.(a) | 151,884 | ||||||
384 | Intuit, Inc. | 99,414 | ||||||
431 | Manhattan Associates, Inc.(a) | 35,993 | ||||||
5,589 | Microsoft Corp. | 846,062 | ||||||
890 | Oracle Corp. | 49,965 | ||||||
124 | Progress Software Corp. | 5,209 | ||||||
90 | Proofpoint, Inc.(a) | 10,682 | ||||||
58 | Qualys, Inc.(a) | 5,076 | ||||||
249 | Salesforce.com, Inc.(a) | 40,560 | ||||||
318 | SolarWinds Corp.(a) | 6,150 | ||||||
164 | Workday, Inc.(a) | 29,376 | ||||||
1,622,026 | ||||||||
Specialty Retail (1.0%) | ||||||||
56 | Advance Auto Parts, Inc. | 8,796 | ||||||
28 | AutoZone, Inc.(a) | 32,982 | ||||||
71 | Burlington Stores, Inc.(a) | 15,975 | ||||||
130 | Genesco, Inc.(a) | 4,828 | ||||||
466 | Lowe’s Cos., Inc. | 54,666 | ||||||
199 | O’Reilly Automotive, Inc.(a) | 88,014 | ||||||
408 | Ross Stores, Inc. | 47,389 | ||||||
153 | Shoe Carnival, Inc. | 5,432 | ||||||
111 | Sleep Number Corp.(a) | 5,358 | ||||||
727 | The Home Depot, Inc. | 160,312 | ||||||
572 | The TJX Cos., Inc. | 34,966 | ||||||
61 | Ulta Beauty, Inc.(a) | 14,265 | ||||||
29 | Winmark Corp. | 5,133 | ||||||
478,116 | ||||||||
Technology Hardware, Storage & Peripherals (2.2%) | ||||||||
3,741 | Apple, Inc. | 999,782 | ||||||
130 | Dell Technologies, Inc., Class C(a) | 6,304 | ||||||
1,578 | HP, Inc. | 31,686 | ||||||
243 | NCR Corp.(a) | 7,978 |
See notes to the schedule of portfolio investments.
-25-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Technology Hardware, Storage & Peripherals, continued: | ||||||||
178 | NetApp, Inc. | $ | 10,785 | |||||
1,056,535 | ||||||||
Textiles, Apparel & Luxury Goods (0.4%) | ||||||||
66 | Columbia Sportswear Co. | 6,105 | ||||||
32 | Deckers Outdoor Corp.(a) | 5,382 | ||||||
651 | NIKE, Inc., Class B | 60,862 | ||||||
67 | Oxford Industries, Inc. | 4,986 | ||||||
130 | Ralph Lauren Corp. | 13,954 | ||||||
872 | VF Corp. | 77,207 | ||||||
168,496 | ||||||||
Thrifts & Mortgage Finance (0.1%) | ||||||||
771 | New York Community Bancorp, Inc. | 9,190 | ||||||
2,789 | Oritani Financial Corp. | 51,875 | ||||||
209 | Radian Group, Inc. | 5,401 | ||||||
66,466 | ||||||||
Tobacco (0.2%) | ||||||||
1,353 | Altria Group, Inc. | 67,245 | ||||||
137 | Philip Morris International, Inc. | 11,361 | ||||||
78,606 | ||||||||
Trading Companies & Distributors (0.4%) | ||||||||
606 | Fastenal Co. | 21,525 | ||||||
1,490 | H&E Equipment Services, Inc. | 49,170 | ||||||
1,288 | HD Supply Holdings, Inc.(a) | 51,288 | ||||||
792 | MSC Industrial Direct Co., Inc., Class A | 58,141 | ||||||
71 | Watsco, Inc. | 12,636 | ||||||
192,760 | ||||||||
Water Utilities (0.0%) | ||||||||
51 | American States Water Co. | 4,350 | ||||||
151 | American Water Works Co., Inc. | 18,275 | ||||||
22,625 | ||||||||
Wireless Telecommunication Services (0.0%) | ||||||||
275 | T-Mobile US, Inc.(a) | 21,601 | ||||||
Total Common Stocks | 23,022,909 | |||||||
Right (0.0%) | ||||||||
329 | Bristol-Myers Squibb Co.(a) | 707 | ||||||
Total Right | 707 | |||||||
Asset Backed Securities (2.0%) | ||||||||
$ | 201,232 | AccessLex Institute, Series 2007-1, Class C, 2.34% (US0003M + 40 bps), 10/25/35* | 175,685 | |||||
144,194 | Saxon Asset Securities Trust, Series 2003-3, Class A5, 4.67%, 12/25/33*(b) | 145,997 | ||||||
210,000 | SLM Student Loan Trust, Series 2012-7, Class B, 3.51% (US0001M + 180 bps), 9/25/43* | 202,185 | ||||||
198,500 | Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44*(c) | 209,075 | ||||||
89,164 | UBS Commercial Mortgage Trust, Series 2018-C10, Class A1, 3.18%, 5/15/51 | 90,643 | ||||||
147,375 | Vantage Data Centers Issuer LLC, Series 2018-1A, Class A2, 4.07%, 2/16/43*(c) | 152,406 | ||||||
Total Asset Backed Securities | 975,991 | |||||||
Mortgage Backed Securities† (14.7%) | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities (0.3%) | ||||||||
186,330 | Bear Stearns Alternative-A Trust, Series 2007-2, Class 2A1, 3.65%, 4/25/37*(b) | 161,980 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 2,530 | Deutsche Mortgage Securities, Inc., Series 2003-4XS, Class A6A, 5.32% (US0003M + 119 bps), 10/25/33* | $ | 2,545 | ||||
164,525 | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (1.3%) | ||||||||
49,050 | Bank of America Alternative Loan Trust, Series 2005-10, Class 1CB4, 5.50%, 11/25/35* | 49,920 | ||||||
64,079 | Citi Mortgage Alternative Loan Trust, Series 2007-A2, Class 1A5, 6.00%, 2/25/37* | 63,699 | ||||||
23,768 | Countrywide Alternative Loan Trust, Series 2005-53T2, Class 2A4, 5.50%, 11/25/35* | 18,941 | ||||||
30,852 | Countrywide Alternative Loan Trust, Series 2006-8T1, Class 2A3, 5.50%, 4/25/36* | 29,867 | ||||||
11,107 | Countrywide Alternative Loan Trust, Series 2006-41CB, Class 2A4, 6.00%, 1/25/37* | 9,340 | ||||||
18,545 | Countrywide Alternative Loan Trust, Series 2004-J2, Class 2A1, 6.50%, 3/25/34* | 18,962 | ||||||
104 | Countrywide Alternative Loan Trust, Series 2005-J3, Class 3A1, 6.50%, 9/25/34* | 104 | ||||||
74,860 | Deutsche Alternative-A Securities, Inc. Mortgage Loan Trust, Series 2006-AB2, Class A3, 5.18%, 6/25/36*(b) | 72,514 | ||||||
5,330 | Master Alternative Loans Trust, Series 2004-6, Class 10A1, 6.00%, 7/25/34* | 5,690 | ||||||
34,081 | Master Alternative Loans Trust, Series 2004-8, Class 5A1, 6.00%, 9/25/34* | 35,282 | ||||||
79,835 | Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34* | 87,367 | ||||||
29,291 | Nomura Asset Acceptance Corp., Series 2005-AP1, Class 2A5, 4.86%, 2/25/35*(b) | 30,068 | ||||||
19,239 | Nomura Asset Acceptance Corp., Series 2005-AP2, Class A5, 5.48%, 5/25/35*(b) | 14,873 | ||||||
148,616 | Nomura Asset Acceptance Corp., Series 2006-AF1, Class 1A2, 6.16%, 5/25/36*(b) | 54,791 | ||||||
10,008 | Residential Accredit Loans, Inc., Series 2006-QS5, Class A9, 6.00%, 5/25/36* | 9,520 | ||||||
61,586 | Residential Asset Securitization Trust, Series 2005-A9, Class A3, 5.50%, 7/25/35* | 54,175 | ||||||
38,159 | Residential Asset Securitization Trust, Series 2006-A2, Class A3, 6.00%, 5/25/36* | 26,788 | ||||||
40,410 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-5, Class CB14, 5.50%, 7/25/35* | 39,389 | ||||||
621,290 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (0.4%) | ||||||||
8,720 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 2A2, 3.94%, 9/25/34*(b) | 8,443 |
See notes to the schedule of portfolio investments.
-26-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 8,280 | Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.80%, 7/25/37*(b) | $ | 7,507 | ||||
172,727 | JPMorgan Mortgage Trust, Series 2014-5, Class A1, 2.98%, 10/25/29*(b)(c) | 174,132 | ||||||
190,082 | ||||||||
Prime Fixed Mortgage Backed Securities (3.7%) | ||||||||
195,407 | American Home Mortgage Investment Trust, Series 2005-2, Class 5A4C, 5.41%, 9/25/35*(b) | 147,693 | ||||||
22,331 | Banc of America Funding Trust, Series 2006-4, Class A14, 6.00%, 7/25/36* | 21,291 | ||||||
13,402 | Citigroup Mortgage Loan Trust, Inc., Series 2005-2, Class 1A4, 4.27%, 5/25/35*(b) | 13,447 | ||||||
97,047 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM1, Class 1A2, 6.50%, 7/25/34* | 105,852 | ||||||
158,969 | COLT Mortgage Loan Trust, Series 2018-2, Class A1, 3.47%, 7/27/48*(b)(c) | 159,529 | ||||||
33,419 | Countrywide Home Loans, Series 2005-22, Class 2A1, 3.63%, 11/25/35*(b) | 30,283 | ||||||
28,852 | Countrywide Home Loans, Series 2005-J1, Class 1A8, 5.50%, 2/25/35* | 29,227 | ||||||
33,376 | Countrywide Home Loans, Series 2007-J3, Class A10, 6.00%, 7/25/37* | 24,190 | ||||||
42,000 | Credit Suisse First Boston Mortgage Securities Corp., Series 2005-1, Class 2A1, 5.50%, 2/25/35* | 40,301 | ||||||
24,739 | Credit Suisse Mortgage Capital Certificates, Series 2006-2, Class 3A1, 6.50%, 3/25/36* | 11,874 | ||||||
215,000 | Flagstar Mortgage Trust, Series 2019-2, Class A3, 3.50%, 12/25/49*(b)(c) | 217,293 | ||||||
79,702 | Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56*(b)(c) | 80,918 | ||||||
198,898 | JPMorgan Mortgage Trust, Series 2017-4, Class A6, 3.00%, 11/25/48*(b)(c) | 199,908 | ||||||
16,162 | Lehman Mortgage Trust, Series 2005-3, Class 2A3, 5.50%, 1/25/36* | 16,681 | ||||||
155,288 | Onslow Bay Financial LLC, Series 2018-EXP2, Class 1A1, 4.00%, 11/25/48*(b)(c) | 156,813 | ||||||
157,848 | PSMC Trust, Series 2018-2, Class A3, 3.50%, 6/25/48(b)(c) | 159,680 | ||||||
16,539 | Residential Asset Mortgage Products, Inc., Series 2004-SL1, Class A7, 7.00%, 11/25/31* | 17,739 | ||||||
76,903 | Sequoia Mortgage Trust, Series 2017-CH1, Class A11, 3.50%, 8/25/47*(b)(c) | 77,150 | ||||||
143,796 | Sequoia Mortgage Trust, Series 2018-3, Class A4, 3.50%, 3/25/48*(b)(c) | 146,273 | ||||||
102,271 | Sequoia Mortgage Trust, Series 2018-8, Class A4, 4.00%, 11/25/48*(b)(c) | 103,318 | ||||||
429 | Washington Mutual, Series 2003-S4, Class 4A1, 4.00%, 2/25/32* | 443 | ||||||
1,759,903 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Subprime Mortgage Backed Securities (1.1%) | ||||||||
$ | 209,966 | Mill City Mortgage Loan Trust, Series 2019-GS1, Class A1, 2.75%, 7/25/59*(b)(c) | $ | 211,208 | ||||
117,231 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57*(b)(c) | 118,180 | ||||||
70,850 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58*(b)(c) | 71,600 | ||||||
134,823 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58*(b)(c) | 136,929 | ||||||
537,917 | ||||||||
U.S. Government Agency Mortgage Backed Securities (7.9%) | ||||||||
70,313 | Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42 | 68,683 | ||||||
66,551 | Fannie Mae, Series 2012-10, Class TA, 2.00%, 3/25/38 | 66,784 | ||||||
86,977 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 86,353 | ||||||
159,737 | Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43 | 158,241 | ||||||
100,759 | Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42 | 100,818 | ||||||
165,469 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 165,781 | ||||||
12,240 | Fannie Mae, Series 2012-2, Class 10A1, 2.50%, 5/25/41 | 12,382 | ||||||
145,055 | Fannie Mae, Series 2015-71, Class PD, 2.50%, 3/25/43 | 145,972 | ||||||
115,777 | Fannie Mae, Series 2017-43, Class PA, 2.50%, 6/25/47 | 118,132 | ||||||
194,162 | Fannie Mae, Series 2017-M5, Class A1, 2.74%, 4/25/29 | 201,354 | ||||||
119,252 | Fannie Mae, Series 2010-99, Class JU, 3.00%, 8/25/40 | 122,123 | ||||||
39,262 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 40,305 | ||||||
8,057 | Fannie Mae, Series 2011-124, Class 10A1, 3.00%, 9/25/29 | 8,082 | ||||||
128,614 | Fannie Mae, Series 2015-46, Class MD, 3.00%, 5/25/43 | 131,531 | ||||||
123,792 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 127,765 | ||||||
199,253 | Fannie Mae, Series 18-70, Class KA, 3.50%, 3/25/43 | 201,332 | ||||||
211,838 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30 | 231,158 | ||||||
188,563 | Fannie Mae, Series 2018-M13, Class A1, 3.82%, 3/25/30(b) | 208,442 | ||||||
26,950 | Fannie Mae, Series 2012-16, Class K, 4.00%, 10/25/41 | 28,104 | ||||||
14,354 | Fannie Mae, 4.50%, 4/1/35, Pool #814522 | 15,541 | ||||||
13,118 | Fannie Mae, 5.50%, 10/1/35, Pool #838584 | 14,128 | ||||||
1,119 | Fannie Mae, 6.00%, 5/1/35, Pool #357778 | 1,249 | ||||||
3,000 | Fannie Mae, Series 1999-18, Class LL, 6.50%, 4/18/29 | 3,313 | ||||||
66,315 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 66,843 |
See notes to the schedule of portfolio investments.
-27-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 59,382 | Freddie Mac, Series 4408, Class GA, 2.00%, 9/15/41 | $ | 59,019 | ||||
68,656 | Freddie Mac, Series 4129, Class PA, 2.50%, 7/15/42 | 69,416 | ||||||
103,828 | Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41 | 104,798 | ||||||
93,516 | Freddie Mac, Series 4395, Class PA, 2.50%, 4/15/37 | 94,199 | ||||||
126,489 | Freddie Mac, Series 4316, Class JY, 3.00%, 1/15/44 | 131,026 | ||||||
85,942 | Freddie Mac, Series 4348, Class A, 3.00%, 6/15/39 | 87,944 | ||||||
105,241 | Freddie Mac, Series 4486, Class PA, 3.00%, 3/15/44 | 108,469 | ||||||
163,271 | Freddie Mac, Series 4668, Class KA, 3.00%, 1/15/55 | 168,579 | ||||||
9,582 | Freddie Mac, 3.65% (H15T1Y + 172 bps), 6/1/28, Pool #605508 | 9,639 | ||||||
1,165 | Freddie Mac, 5.50%, 1/1/35, Pool #A30935 | 1,307 | ||||||
12,404 | Freddie Mac, Series 1443, Class I, 7.50%, 12/15/22* | 13,055 | ||||||
140,867 | Freddie Mac Pass-Through Certificates, Series KJ17, Class A1, 2.40%, 10/25/24 | 143,069 | ||||||
17,595 | Government National Mortgage Assoc., Series 2013-104, Class DC, 2.00%, 4/20/40 | 17,583 | ||||||
73,169 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 71,249 | ||||||
140,499 | Government National Mortgage Assoc., Series 2016-141, Class PA, 2.25%, 8/20/46 | 140,198 | ||||||
191,082 | Government National Mortgage Assoc., Series 2019-85, Class MP, 3.50%, 6/20/49 | 196,437 | ||||||
766 | Government National Mortgage Assoc., 6.00%, 2/20/26, Pool #2166 | 835 | ||||||
38,370 | Government National Mortgage Assoc., 6.31%, 3/20/33, Pool #612258 | 41,701 | ||||||
4,690 | Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #492747 | 5,058 | ||||||
3,787,997 | ||||||||
Total Mortgage Backed Securities | 7,061,714 | |||||||
Corporate Bonds (7.6%) | ||||||||
Banks (1.4%) | ||||||||
440,000 | Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 * | 457,354 | ||||||
250,000 | Wells Fargo & Co., 3.00%, 10/23/26 | 257,019 | ||||||
714,373 | ||||||||
Beverages (0.4%) | ||||||||
155,000 | Keurig Dr Pepper, Inc., 4.42%, 5/25/25, Callable 3/25/25 @ 100 * | 169,138 | ||||||
Capital Markets (0.8%) | ||||||||
250,000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 * | 260,904 | ||||||
185,070 | Preferred Term Securities XX, Class B2, 2.57% (US0003M + 45 bps), 3/22/38, Callable 1/9/20 @ 100 *(c) | 135,101 | ||||||
396,005 |
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Diversified Financial Services (0.7%) | ||||||||
$ | 325,000 | BP Capital Markets America, Inc., 2.75%, 5/10/23 | $ | 331,795 | ||||
Diversified Telecommunication Services (0.7%) | ||||||||
270,000 | AT&T, Inc., 5.25%, 3/1/37, Callable 9/1/36 @ 100 * | 321,191 | ||||||
Electric Utilities (0.5%) | ||||||||
250,000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 * | 259,304 | ||||||
Food Products (1.0%) | ||||||||
175,000 | Campbell Soup Co., 3.95%, 3/15/25, Callable 1/15/25 @ 100 * | 185,553 | ||||||
250,000 | Conagra Brands, Inc., 4.85%, 11/1/28, Callable 8/1/28 @ 100 * | 283,932 | ||||||
469,485 | ||||||||
Hotels, Restaurants & Leisure (0.2%) | ||||||||
85,000 | Royal Caribbean Cruises, 5.25%, 11/15/22 | 92,127 | ||||||
Industrial Conglomerates (0.5%) | ||||||||
230,000 | General Electric Co., 3.10%, 1/9/23 | 235,350 | ||||||
Insurance (0.4%) | ||||||||
200,000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (c) | 203,451 | ||||||
Multiline Retail (0.5%) | ||||||||
220,000 | Macys Retail Holdings, Inc., 2.88%, 2/15/23, Callable 11/15/22 @ 100 * | 217,309 | ||||||
Technology Hardware, Storage & Peripherals (0.5%) | ||||||||
225,000 | Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100 * | 238,701 | ||||||
Total Corporate Bonds | 3,648,229 | |||||||
Taxable Municipal Bonds (4.4%) | ||||||||
Illinois (0.9%) | ||||||||
150,000 | Northern Illinois Municipal Power Agency Power Project Revenue, Build America Bonds Revenue, 6.29%, 1/1/21, Continuously Callable @100 | 150,441 | ||||||
300,000 | Rosemont Illinois State, GO, Series A, 2.76%, 12/1/19, Insured by: MAC | 300,000 | ||||||
450,441 | ||||||||
Michigan (0.9%) | ||||||||
240,000 | County of Jackson Michigan, GO, 3.73%, 12/1/30, Continuously Callable @100 | 259,325 | ||||||
210,000 | Houghton-Portage Township School District, GO, Series B, 2.70%, 5/1/25, Insured by: Q-SBLF | 214,490 | ||||||
473,815 | ||||||||
Missouri (0.2%) | ||||||||
100,000 | Hanley Road Corridor Transnational Development Missouri Transnational Tax Revenue, Build America Bonds Revenue, 7.50%, 10/1/39, Continuously Callable @100 | 100,356 | ||||||
Ohio (0.7%) | ||||||||
330,000 | County of Cuyahoga Ohio Revenue, 3.48%, 7/1/32, Continuously Callable @100 | 352,275 | ||||||
Rhode Island (0.5%) | ||||||||
225,000 | Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25 | 234,101 |
See notes to the schedule of portfolio investments.
-28-
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Taxable Municipal Bonds, continued: | ||||||||
Texas (0.9%) | ||||||||
$ | 360,000 | County of Burnet Texas, GO, 4.20%, 3/1/34, Continuously Callable @100 | $ | 378,770 | ||||
Wisconsin (0.3%) | ||||||||
140,000 | Wisconsin State, Build America Bonds, GO, Series D, 5.10%, 5/1/41, Continuously Callable @100 | 145,243 | ||||||
Total Taxable Municipal Bonds | 2,135,001 | |||||||
U.S. Government Agency Securities (2.2%) | ||||||||
Fannie Mae | ||||||||
185,000 | 2.50%, 12/27/32, Callable 12/27/19 @ 100 *(b) | 184,173 | ||||||
Federal Farm Credit Bank | ||||||||
225,000 | 2.25%, 11/26/24, Callable 12/16/19 @ 100 * | 222,704 | ||||||
225,000 | 2.34%, 5/27/25, Callable 12/16/19 @ 100 * | 224,855 | ||||||
447,559 | ||||||||
Federal Home Loan Bank | ||||||||
200,000 | 2.67%, 3/5/29, Callable 12/16/19 @ 100 * | 199,388 | ||||||
Freddie Mac | ||||||||
213,008 | Series 4683, 3.00%, 4/15/46 | 216,232 | ||||||
3,391 | Series 2302, 6.50%, 4/15/31 | 3,772 | ||||||
220,004 | ||||||||
Total U.S. Government Agency Securities | 1,051,124 |
Shares or Principal Amount | Security Description | Value | ||||||
U.S. Treasury Obligations (13.2%) | ||||||||
U.S. Treasury Bonds | ||||||||
$ | 2,405,000 | 2.25%, 8/15/46 | $ | 2,422,850 | ||||
U.S. Treasury Inflation Indexed Notes | ||||||||
835,860 | 0.38%, 7/15/25 | 846,771 | ||||||
U.S. Treasury Notes | ||||||||
1,367,000 | 1.38%, 10/15/22 | 1,358,029 | ||||||
425,000 | 2.00%, 4/30/24 | 431,674 | ||||||
425,000 | 2.25%, 2/29/20 | 425,531 | ||||||
804,000 | 2.25%, 2/15/27 | 832,360 | ||||||
3,047,594 | ||||||||
Total U.S. Treasury Obligations | 6,317,215 | |||||||
Investment Companies (4.1%) | ||||||||
17,930 | iShares MSCI EAFE Index Fund ETF | 1,222,468 | ||||||
17,845 | iShares MSCI Emerging Markets Index Fund ETF | 759,126 | ||||||
Total Investment Companies | 1,981,594 | |||||||
Investment in Affiliates (3.5%) | ||||||||
1,161,025 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(d) | 1,161,025 | ||||||
73,409 | Cavanal Hill World Energy Fund, Institutional Class | 515,788 | ||||||
Total Investment in Affiliates | 1,676,813 | |||||||
Total Investments (Cost $38,048,892) - 99.7% | 47,871,297 | |||||||
Other assets in excess of liabilities — 0.3% | 140,999 | |||||||
Net Assets - 100.0% | $ | 48,012,296 |
(a) | Non-income producing security. |
(b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2019. |
(c) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
(d) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
† | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
ADR | American Depositary Receipt |
ETF | Exchange Traded Fund |
GO | General Obligation |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
MAC | Municipal Assurance Corporation |
Q-SBLF | Qualified School Bond Loan Fund |
REIT | Real Estate Investment Trust |
US0001M | 1 Month US Dollar LIBOR |
US0003M | 3 Month US Dollar LIBOR |
See notes to the schedule of portfolio investments.
-29-
CAVANAL HILL FUNDS
Mid Cap Core Equity Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares | Security Description | Value | ||||||
Common Stocks (93.2%) | ||||||||
Aerospace & Defense (2.7%) | ||||||||
123 | L3Harris Technologies, Inc. | $ | 24,734 | |||||
141 | Spirit AeroSystems Holdings, Inc., Class A | 12,266 | ||||||
37,000 | ||||||||
Air Freight & Logistics (0.2%) | ||||||||
33 | Expeditors International of Washington, Inc. | 2,467 | ||||||
Airlines (0.3%) | ||||||||
50 | United Airlines Holdings, Inc.(a) | 4,640 | ||||||
Auto Components (1.2%) | ||||||||
339 | Gentex Corp. | 9,628 | ||||||
52 | Lear Corp. | 6,256 | ||||||
15,884 | ||||||||
Banks (3.3%) | ||||||||
50 | Comerica, Inc. | 3,521 | ||||||
147 | Commerce Bancshares, Inc. | 9,852 | ||||||
88 | Cullen/Frost Bankers, Inc. | 8,233 | ||||||
122 | East West Bancorp, Inc. | 5,590 | ||||||
7 | First Citizens Bancshares, Inc. | 3,639 | ||||||
31 | SVB Financial Group(a) | 7,184 | ||||||
131 | Western Alliance Bancorp | 6,833 | ||||||
44,852 | ||||||||
Biotechnology (1.0%) | ||||||||
487 | Exelixis, Inc.(a) | 8,099 | ||||||
276 | Moderna, Inc.(a) | 5,619 | ||||||
13,718 | ||||||||
Building Products (1.5%) | ||||||||
92 | Allegion PLC | 11,043 | ||||||
36 | Lennox International, Inc. | 9,211 | ||||||
20,254 | ||||||||
Capital Markets (3.6%) | ||||||||
57 | Eaton Vance Corp. | 2,689 | ||||||
12 | FactSet Research Systems, Inc. | 3,116 | ||||||
117 | LPL Financial Holdings, Inc. | 10,805 | ||||||
82 | MSCI, Inc., Class A | 21,253 | ||||||
80 | Nasdaq, Inc. | 8,384 | ||||||
38 | SEI Investments Co. | 2,452 | ||||||
48,699 | ||||||||
Chemicals (0.8%) | ||||||||
210 | Axalta Coating Systems, Ltd.(a) | 5,979 | ||||||
36 | RPM International, Inc. | 2,654 | ||||||
42 | Westlake Chemical Corp. | 2,885 | ||||||
11,518 | ||||||||
Commercial Services & Supplies (1.8%) | ||||||||
80 | Cintas Corp. | 20,565 | ||||||
84 | IAA, Inc.(a) | 3,808 | ||||||
24,373 | ||||||||
Communications Equipment (1.0%) | ||||||||
72 | Arista Networks, Inc.(a) | 14,049 | ||||||
Consumer Finance (0.3%) | ||||||||
11 | Credit Acceptance Corp.(a) | 4,735 | ||||||
Containers & Packaging (2.1%) | ||||||||
42 | AptarGroup, Inc. | 4,709 | ||||||
196 | Berry Global Group, Inc.(a) | 9,151 | ||||||
131 | Packaging Corp. of America | 14,659 | ||||||
28,519 | ||||||||
Distributors (0.4%) | ||||||||
26 | Pool Corp. | 5,368 | ||||||
Diversified Consumer Services (0.9%) | ||||||||
36 | Bright Horizons Family Solutions, Inc.(a) | 5,419 | ||||||
190 | ServiceMaster Global Holdings, Inc.(a) | 7,446 | ||||||
12,865 |
Shares | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Diversified Financial Services (0.7%) | ||||||||
163 | Voya Financial, Inc. | $ | 9,500 | |||||
Electric Utilities (1.8%) | ||||||||
293 | OGE Energy Corp. | 12,323 | ||||||
358 | PPL Corp. | 12,183 | ||||||
24,506 | ||||||||
Electrical Equipment (0.2%) | ||||||||
41 | Regal-Beloit Corp. | 3,351 | ||||||
Electronic Equipment, Instruments & Components (1.6%) | ||||||||
162 | CDW Corp. | 21,878 | ||||||
Energy Equipment & Services (1.1%) | ||||||||
83 | Apergy Corp.(a) | 2,120 | ||||||
331 | Helmerich & Payne, Inc. | 13,084 | ||||||
15,204 | ||||||||
Entertainment (1.5%) | ||||||||
163 | Take-Two Interactive Software(a) | 19,780 | ||||||
Equity Real Estate Investment Trusts (9.3%) | ||||||||
344 | American Homes 4 Rent, Class A | 9,188 | ||||||
93 | Apartment Investment & Management Co. | 5,001 | ||||||
177 | Columbia Property Trust, Inc. | 3,675 | ||||||
16 | CoreSite Realty Corp. | 1,814 | ||||||
467 | CubeSmart | 14,402 | ||||||
122 | Douglas Emmett, Inc. | 5,377 | ||||||
427 | Duke Realty Corp. | 15,022 | ||||||
205 | Empire State Realty Trust, Inc. | 2,862 | ||||||
91 | Equity Commonwealth | 2,989 | ||||||
161 | Equity LifeStyle Properties, Inc. | 11,927 | ||||||
166 | Extra Space Storage, Inc. | 17,604 | ||||||
549 | Host Hotels & Resorts, Inc. | 9,602 | ||||||
78 | JBG SMITH Properties | 3,111 | ||||||
75 | Lamar Advertising Co. | 6,257 | ||||||
451 | Park Hotels & Resorts, Inc. | 10,666 | ||||||
38 | SL Green Realty Corp. | 3,243 | ||||||
20 | Welltower, Inc. | 1,691 | ||||||
124,431 | ||||||||
Food & Staples Retailing (0.3%) | ||||||||
111 | US Foods Holding Corp.(a) | 4,414 | ||||||
Food Products (2.0%) | ||||||||
309 | Hormel Foods Corp. | 13,759 | ||||||
48 | Kellogg Co. | 3,126 | ||||||
121 | Tyson Foods, Inc., Class A | 10,877 | ||||||
27,762 | ||||||||
Gas Utilities (0.8%) | ||||||||
260 | UGI Corp. | 11,323 | ||||||
Health Care Equipment & Supplies (3.2%) | ||||||||
32 | Align Technology, Inc.(a) | 8,875 | ||||||
60 | Hill-Rom Holdings, Inc. | 6,433 | ||||||
276 | Hologic, Inc.(a) | 14,163 | ||||||
40 | Teleflex, Inc. | 14,134 | ||||||
43,605 | ||||||||
Health Care Providers & Services (1.3%) | ||||||||
13 | Chemed Corp. | 5,590 | ||||||
36 | Henry Schein, Inc.(a) | 2,480 | ||||||
51 | Molina Healthcare, Inc.(a) | 6,911 | ||||||
25 | Quest Diagnostics, Inc. | 2,664 | ||||||
17,645 | ||||||||
Health Care Technology (1.0%) | ||||||||
87 | Veeva Systems, Inc.(a) | 12,979 | ||||||
Hotels, Restaurants & Leisure (3.5%) | ||||||||
104 | Darden Restaurants, Inc. | 12,318 | ||||||
53 | Dunkin’ Brands Group, Inc. | 4,057 | ||||||
273 | Hilton Worldwide Holdings, Inc. | 28,665 |
See notes to the schedule of portfolio investments.
-30-
CAVANAL HILL FUNDS
Mid Cap Core Equity Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
Shares | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Hotels, Restaurants & Leisure, continued: | ||||||||
57 | Six Flags Entertainment Corp. | $ | 2,478 | |||||
47,518 | ||||||||
Household Products (0.8%) | ||||||||
107 | Church & Dwight Co., Inc. | 7,515 | ||||||
25 | The Clorox Co. | 3,706 | ||||||
11,221 | ||||||||
Independent Power and Renewable Electricity Producers (0.3%) | ||||||||
240 | AES Corp. | 4,538 | ||||||
Insurance (5.1%) | ||||||||
155 | Assured Guaranty, Ltd. | 7,696 | ||||||
280 | Brighthouse Financial, Inc.(a) | 11,525 | ||||||
61 | Cincinnati Financial Corp. | 6,530 | ||||||
38 | Erie Indemnity Co., Class A | 6,433 | ||||||
197 | FNF Group | 9,383 | ||||||
35 | Lincoln National Corp. | 2,067 | ||||||
54 | Principal Financial Group, Inc. | 2,975 | ||||||
41 | The Hanover Insurance Group, Inc. | 5,573 | ||||||
62 | The Hartford Financial Services Group, Inc. | 3,835 | ||||||
428 | Unum Group | 13,158 | ||||||
69,175 | ||||||||
Interactive Media & Services (1.3%) | ||||||||
206 | Match Group, Inc. | 14,519 | ||||||
103 | Twitter, Inc.(a) | 3,184 | ||||||
17,703 | ||||||||
Internet & Direct Marketing Retail (0.8%) | ||||||||
169 | Etsy, Inc.(a) | 7,333 | ||||||
39 | Expedia, Inc. | 3,965 | ||||||
11,298 | ||||||||
IT Services (6.0%) | ||||||||
283 | Fiserv, Inc.(a) | 32,896 | ||||||
104 | Global Payments, Inc. | 18,834 | ||||||
146 | VeriSign, Inc.(a) | 27,848 | ||||||
79,578 | ||||||||
Leisure Products (0.6%) | ||||||||
83 | Hasbro, Inc. | 8,441 | ||||||
Life Sciences Tools & Services (2.1%) | ||||||||
76 | Agilent Technologies, Inc. | 6,139 | ||||||
36 | Charles River Laboratories International, Inc.(a) | 5,229 | ||||||
11 | Mettler-Toledo International, Inc.(a) | 7,914 | ||||||
41 | Waters Corp.(a) | 9,104 | ||||||
28,386 | ||||||||
Machinery (3.1%) | ||||||||
331 | Allison Transmission Holdings, Inc. | 16,021 | ||||||
40 | Crane Co. | 3,323 | ||||||
115 | Graco, Inc. | 5,556 | ||||||
18 | IDEX Corp. | 2,929 | ||||||
121 | The Timken Co. | 6,363 | ||||||
95 | The Toro Co. | 7,427 | ||||||
41,619 | ||||||||
Media (1.5%) | ||||||||
8 | Cable One, Inc. | 12,280 | ||||||
217 | CBS Corp., Class B | 8,762 | ||||||
21,042 | ||||||||
Metals & Mining (1.4%) | ||||||||
36 | Reliance Steel & Aluminum Co. | 4,247 | ||||||
447 | Steel Dynamics, Inc. | 15,078 | ||||||
19,325 | ||||||||
Mortgage Real Estate Investment Trusts (0.6%) | ||||||||
329 | AGNC Investment Corp. | 5,698 | ||||||
294 | Annaly Capital Management, Inc. | 2,743 | ||||||
8,441 |
Shares | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Multiline Retail (0.5%) | ||||||||
29 | Dollar General Corp. | $ | 4,564 | |||||
31 | Dollar Tree, Inc.(a) | 2,835 | ||||||
7,399 | ||||||||
Multi-Utilities (1.9%) | ||||||||
119 | CenterPoint Energy, Inc. | 2,923 | ||||||
121 | MDU Resources Group, Inc. | 3,514 | ||||||
148 | Public Service Enterprise Group, Inc. | 8,778 | ||||||
12 | Sempra Energy | 1,767 | ||||||
94 | WEC Energy Group, Inc. | 8,333 | ||||||
25,315 | ||||||||
Oil, Gas & Consumable Fuels (3.5%) | ||||||||
702 | Cabot Oil & Gas Corp. | 11,191 | ||||||
314 | Continental Resources, Inc. | 9,696 | ||||||
238 | Devon Energy Corp. | 5,210 | ||||||
44 | HollyFrontier Corp. | 2,268 | ||||||
113 | Murphy Oil Corp. | 2,600 | ||||||
89 | ONEOK, Inc. | 6,323 | ||||||
333 | PBF Energy, Inc. | 10,423 | ||||||
47,711 | ||||||||
Paper & Forest Products (0.2%) | ||||||||
89 | Domtar Corp. | 3,321 | ||||||
Professional Services (0.3%) | ||||||||
67 | Robert Half International, Inc. | 3,899 | ||||||
Real Estate Management & Development (0.5%) | ||||||||
122 | CBRE Group, Inc., Class A(a) | 6,956 | ||||||
Road & Rail (1.1%) | ||||||||
78 | Old Dominion Freight Line, Inc. | 14,944 | ||||||
Semiconductors & Semiconductor Equipment (3.3%) | ||||||||
109 | Advanced Micro Devices, Inc.(a) | 4,267 | ||||||
108 | First Solar, Inc.(a) | 5,966 | ||||||
130 | Lam Research Corp. | 34,688 | ||||||
44,921 | ||||||||
Software (5.4%) | ||||||||
406 | Cadence Design Systems, Inc.(a) | 28,521 | ||||||
96 | Citrix Systems, Inc. | 10,830 | ||||||
245 | Fortinet, Inc.(a) | 25,752 | ||||||
80 | Manhattan Associates, Inc.(a) | 6,681 | ||||||
71,784 | ||||||||
Specialty Retail (1.6%) | ||||||||
3 | AutoZone, Inc.(a) | 3,534 | ||||||
19 | Burlington Stores, Inc.(a) | 4,275 | ||||||
23 | O’Reilly Automotive, Inc.(a) | 10,172 | ||||||
17 | Ulta Beauty, Inc.(a) | 3,976 | ||||||
21,957 | ||||||||
Textiles, Apparel & Luxury Goods (0.3%) | ||||||||
36 | Ralph Lauren Corp. | 3,864 | ||||||
Trading Companies & Distributors (1.2%) | ||||||||
210 | HD Supply Holdings, Inc.(a) | 8,363 | ||||||
57 | MSC Industrial Direct Co., Inc., Class A | 4,184 | ||||||
20 | Watsco, Inc. | 3,559 | ||||||
16,106 | ||||||||
Water Utilities (0.4%) | ||||||||
42 | American Water Works Co., Inc. | 5,083 | ||||||
Total Common Stocks | 1,266,864 | |||||||
Investment in Affiliates (3.6%) | ||||||||
48,731 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(b) | 48,731 | ||||||
Total Investment in Affiliates | 48,731 | |||||||
Total Investments (Cost $1,092,316) - 96.8% | 1,315,595 | |||||||
Other assets in excess of liabilities — 3.2% | 44,174 | |||||||
Net Assets - 100.0% | $ | 1,359,769 |
See notes to the schedule of portfolio investments.
-31-
CAVANAL HILL FUNDS
Mid Cap Core Equity Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
(a) | Non-income producing security. |
(b) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
See notes to the schedule of portfolio investments.
-32-
CAVANAL HILL FUNDS
Opportunistic Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks (53.4%) | ||||||||
Aerospace & Defense (4.2%) | ||||||||
28,355 | Kratos Defense & Security Solutions, Inc.(a) | $ | 512,091 | |||||
2,110 | Northrop Grumman Corp. | 742,235 | ||||||
805 | The Boeing Co. | 294,775 | ||||||
1,549,101 | ||||||||
Airlines (2.1%) | ||||||||
13,735 | Delta Air Lines, Inc. | 787,153 | ||||||
Banks (4.7%) | ||||||||
17,625 | Bank of America Corp. | 587,265 | ||||||
7,645 | Citigroup, Inc. | 574,292 | ||||||
10,820 | Wells Fargo & Co. | 589,258 | ||||||
1,750,815 | ||||||||
Biotechnology (3.3%) | ||||||||
6,000 | BioMarin Pharmaceutical, Inc.(a) | 484,260 | ||||||
6,520 | Sarepta Therapeutics, Inc.(a) | 733,435 | ||||||
1,217,695 | ||||||||
Commercial Services & Supplies (7.2%) | ||||||||
30,265 | Advanced Disposal Services, Inc., Class I(a) | 997,232 | ||||||
117,022 | Covanta Holding Corp. | 1,721,394 | ||||||
2,718,626 | ||||||||
Communications Equipment (7.5%) | ||||||||
18,930 | Acacia Communications, Inc.(a) | 1,261,495 | ||||||
3,935 | Palo Alto Networks, Inc.(a) | 894,111 | ||||||
28,000 | Radware, Ltd.(a) | 674,520 | ||||||
2,830,126 | ||||||||
Diversified Telecommunication Services (1.6%) | ||||||||
16,181 | AT&T, Inc. | 604,846 | ||||||
Electrical Equipment (1.7%) | ||||||||
25,300 | nVent Electric PLC | 625,163 | ||||||
Electronic Equipment, Instruments & Components (3.7%) | ||||||||
24,830 | Corning, Inc. | 721,063 | ||||||
12,345 | FLIR Systems, Inc. | 661,198 | ||||||
1,382,261 | ||||||||
Industrial Conglomerates (1.3%) | ||||||||
2,790 | 3M Co. | 473,658 | ||||||
Interactive Media & Services (2.9%) | ||||||||
69,900 | Snap, Inc., Class A(a) | 1,065,975 | ||||||
Internet & Direct Marketing Retail (1.4%) | ||||||||
280 | Amazon.com, Inc.(a) | 504,224 | ||||||
Life Sciences Tools & Services (2.6%) | ||||||||
189,236 | Pacific Biosciences of California, Inc.(a) | 972,673 | ||||||
Oil, Gas & Consumable Fuels (1.2%) | ||||||||
7,330 | Marathon Petroleum Corp. | 444,491 | ||||||
Pharmaceuticals (1.3%) | ||||||||
157,111 | MediWound, Ltd.(a) | 471,333 | ||||||
Semiconductors & Semiconductor Equipment (3.7%) | ||||||||
72,788 | Everspin Technologies, Inc.(a) | 380,681 | ||||||
8,620 | Mellanox Technologies, Ltd.(a) | 990,438 | ||||||
1,371,119 | ||||||||
Software (3.0%) | ||||||||
22,660 | Tenable Holdings, Inc.(a) | 615,219 | ||||||
6,510 | Zendesk, Inc.(a) | 514,290 | ||||||
1,129,509 | ||||||||
Total Common Stocks | 19,898,768 |
Shares or Principal Amount | Security Description | Value | ||||||
Convertible Preferred Stocks (7.2%) | ||||||||
Chemicals (2.5%) | ||||||||
$ | 18,000 | International Flavor & Fragrances, 5.68%, | $ | 931,500 | ||||
Household Products (4.7%) | ||||||||
16,699 | Energizer Holdings, Inc., Series A, 1.15%, | 1,747,884 | ||||||
Total Convertible Preferred Stocks | 2,679,384 | |||||||
Mortgage Backed Securities† (2.8%) | ||||||||
Prime Fixed Mortgage Backed Securities (2.8%) | ||||||||
1,016,429 | Onslow Bay Financial LLC, Series 2018-EXP2, 1A1, 4.00%, 11/25/48*(b)(c) | 1,026,412 | ||||||
Total Mortgage Backed Securities | 1,026,412 | |||||||
Corporate Bonds (14.2%) | ||||||||
Banks (1.3%) | ||||||||
500,000 | Bank of America Corp., Series G, 2.63% (US0003M + 66 bps), 7/21/21, Callable 7/21/20 @ 100 * | 501,428 | ||||||
Diversified Financial Services (2.4%) | ||||||||
858,000 | BP Capital Markets America, Inc., 4.50%, 10/1/20 | 875,929 | ||||||
Food & Staples Retailing (2.6%) | ||||||||
981,000 | Walmart, Inc., 2.39% (US0003M + 23 bps), 6/23/21 | 983,868 | ||||||
Machinery (2.4%) | ||||||||
792,000 | Wabtec Corp., 4.70%, 9/15/28, Callable 6/15/28 @ 100 * | 880,082 | ||||||
Oil, Gas & Consumable Fuels (1.9%) | ||||||||
620,000 | HollyFrontier Corp., 5.88%, 4/1/26, Callable 1/1/26 @ 100 * | 693,612 | ||||||
Semiconductors & Semiconductor Equipment (3.6%) | ||||||||
1,290,000 | Marvell Technology Group, Ltd., 4.20%, 6/22/23, Callable 5/22/23 @ 100 * | 1,357,989 | ||||||
Total Corporate Bonds | 5,292,908 | |||||||
U.S. Treasury Obligations (9.7%) | ||||||||
U.S. Treasury Notes | ||||||||
720,000 | 1.88%, 12/31/19 | 720,032 | ||||||
720,000 | 2.25%, 2/29/20 | 720,900 | ||||||
720,000 | 2.38%, 4/30/20 | 722,025 | ||||||
720,000 | 2.50%, 5/31/20 | 722,897 | ||||||
720,000 | 2.50%, 6/30/20 | 723,459 | ||||||
3,609,313 | ||||||||
Total U.S. Treasury Obligations | 3,609,313 | |||||||
Investment Companies (2.6%) | ||||||||
66,035 | Direxion Daily S&P 500 Bear 3X Shares ETF | 954,866 | ||||||
Total |
||||||||
Investment Companies |
954,866 | |||||||
Investment in Affiliates (9.8%) | ||||||||
1,824,123 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(d) | 1,824,123 | ||||||
1,824,000 | Cavanal Hill U.S. Treasury Fund, Select Shares, 1.42%(d) | 1,824,000 | ||||||
Total Investment in Affiliates | 3,648,123 | |||||||
Total Investments (Cost $35,923,588) - 99.7% | 37,109,774 | |||||||
Other assets in excess of liabilities — 0.3% | 119,875 | |||||||
Net Assets - 100% | $ | 37,229,649 |
See notes to the schedule of portfolio investments.
-33-
CAVANAL HILL FUNDS
Opportunistic Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
(a) | Non-income producing security. |
(b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2019. |
(c) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
(d) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
† | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |
ETF | Exchange Traded Fund |
LIBOR | London Interbank Offered Rate |
US0003M | 3 Month US Dollar LIBOR |
See notes to the schedule of portfolio investments.
-34-
CAVANAL HILL FUNDS
World Energy Fund
Schedule of Portfolio Investments
November 30, 2019
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks (87.6%) | ||||||||
Auto Components (3.3%) | ||||||||
7,000 | Aptiv PLC | $ | 657,160 | |||||
Chemicals (6.3%) | ||||||||
9,000 | Albemarle Corp. | 588,420 | ||||||
10,000 | W.R. Grace & Co. | 668,300 | ||||||
1,256,720 | ||||||||
Commercial Services & Supplies (4.1%) | ||||||||
56,000 | Covanta Holding Corp. | 823,760 | ||||||
Electric Utilities (1.2%) | ||||||||
166 | ALLETE, Inc. | 13,298 | ||||||
690 | Duke Energy Corp. | 60,837 | ||||||
437 | NextEra Energy, Inc. | 102,180 | ||||||
93 | Otter Tail Corp. | 4,572 | ||||||
95 | Pinnacle West Capital Corp. | 8,302 | ||||||
869 | The Southern Co. | 53,869 | ||||||
243,058 | ||||||||
Electrical Equipment (0.6%) | ||||||||
4,000 | Vestas Wind Systems A/S ADR | 126,440 | ||||||
Energy Equipment & Services (4.5%) | ||||||||
2,066 | Halliburton Co. | 43,365 | ||||||
747 | Helmerich & Payne, Inc. | 29,529 | ||||||
13,367 | Schlumberger, Ltd. | 483,885 | ||||||
15,931 | Tenaris SA ADR | 339,171 | ||||||
895,950 | ||||||||
Gas Utilities (0.3%) | ||||||||
145 | Atmos Energy Corp. | 15,509 | ||||||
80 | Chesapeake Utilities Corp. | 7,291 | ||||||
183 | National Fuel & Gas Co. | 8,239 | ||||||
121 | Northwest Natural Holding Co. | 8,321 | ||||||
88 | ONE Gas, Inc. | 7,821 | ||||||
149 | Southwest Gas Holdings, Inc. | 11,288 | ||||||
129 | Spire, Inc. | 9,987 | ||||||
68,456 | ||||||||
Household Products (1.5%) | ||||||||
6,000 | Energizer Holdings, Inc. | 299,340 | ||||||
Independent Power and Renewable Electricity Producers (0.2%) | ||||||||
369 | AES Corp. | 6,978 | ||||||
341 | Atlantica Yield PLC | 8,839 | ||||||
294 | NRG Energy, Inc. | 11,681 | ||||||
185 | Ormat Technologies, Inc. | 14,217 | ||||||
270 | Vistra Energy Corp. | 7,163 | ||||||
48,878 | ||||||||
Multi-Utilities (1.9%) | ||||||||
79 | Consolidated Edison, Inc. | 6,864 | ||||||
1,588 | Dominion Resources, Inc. | 131,979 | ||||||
110 | DTE Energy Co. | 13,743 | ||||||
846 | MDU Resources Group, Inc. | 24,568 | ||||||
1,948 | National Grid PLC ADR | 111,932 | ||||||
623 | Sempra Energy | 91,749 | ||||||
46 | WEC Energy Group, Inc. | 4,078 | ||||||
384,913 | ||||||||
Oil, Gas & Consumable Fuels (51.1%) | ||||||||
9,508 | BP PLC ADR | 355,790 | ||||||
2,200 | Chevron Corp. | 257,686 | ||||||
142 | CNOOC, Ltd. ADR | 20,621 | ||||||
13,356 | ConocoPhillips | 800,559 | ||||||
20,000 | Continental Resources, Inc. | 617,600 | ||||||
13,277 | Enbridge, Inc. | 504,526 | ||||||
9,984 | EOG Resources, Inc. | 707,866 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Oil, Gas & Consumable Fuels, continued: | ||||||||
7,135 | Exxon Mobil Corp. | $ | 486,108 | |||||
3,648 | Kinder Morgan, Inc. | 71,537 | ||||||
45,000 | Marathon Oil Corp. | 524,250 | ||||||
20,321 | Marathon Petroleum Corp. | 1,232,265 | ||||||
3,247 | Occidental Petroleum Corp. | 125,237 | ||||||
7,867 | ONEOK, Inc. | 558,950 | ||||||
4,429 | Pembina Pipeline Corp. | 155,015 | ||||||
5,856 | Phillips 66 | 671,800 | ||||||
4,900 | Pioneer Natural Resources Co. | 626,416 | ||||||
856 | Royal Dutch Shell PLC ADR, Class A | 49,211 | ||||||
10,703 | TC Energy Corp. | 545,104 | ||||||
3,787 | TOTAL SA ADR | 198,969 | ||||||
12,304 | Valero Energy Corp. | 1,174,909 | ||||||
60,000 | WPX Energy, Inc.(a) | 590,400 | ||||||
10,274,819 | ||||||||
Road & Rail (2.9%) | ||||||||
20,000 | Uber Technologies, Inc.(a) | 592,000 | ||||||
Semiconductors & Semiconductor Equipment (7.2%) | ||||||||
35,000 | Infineon Technologies AG ADR | 746,200 | ||||||
6,000 | NXP Semiconductors NV | 693,480 | ||||||
1,439,680 | ||||||||
Water Utilities (2.5%) | ||||||||
654 | American States Water Co. | 55,780 | ||||||
2,516 | American Water Works Co., Inc. | 304,512 | ||||||
3,022 | Aqua America, Inc. | 133,784 | ||||||
68 | Middlesex Water Co. | 4,271 | ||||||
103 | SJW Group | 7,294 | ||||||
505,641 | ||||||||
Total Common Stocks | 17,616,815 | |||||||
Corporate Bonds (8.3%) | ||||||||
Diversified Financial Services (1.1%) | ||||||||
220,000 | Total Capital International SA, 2.43%, 1/10/25, Callable 10/10/24 @ 100 * | 222,328 | ||||||
Oil, Gas & Consumable Fuels (7.2%) | ||||||||
350,000 | Callon Petroleum Co., 6.13%, 10/1/24, Callable 1/9/20 @ 105 * | 332,500 | ||||||
325,000 | Chevron Corp., 2.95%, 5/16/26, Callable 2/16/26 @ 100 * | 341,761 | ||||||
350,000 | Exxon Mobil Corp., 2.44%, 8/16/29, Callable 5/16/29 @ 100 * | 351,657 | ||||||
200,000 | Shell International Finance BV, 2.00%, 11/7/24, Callable 10/7/24 @ 100 * | 199,158 | ||||||
200,000 | Suncor Energy, Inc., 3.60%, 12/1/24, Callable 9/1/24 @ 100 * | 211,227 | ||||||
1,436,303 | ||||||||
Total Corporate Bonds | 1,658,631 | |||||||
Investment Companies (1.7%) | ||||||||
17,000 | SPDR S&P Oil & Gas Exploration & Production ETF | 346,120 | ||||||
Total |
||||||||
Investment Companies |
346,120 | |||||||
Investment in Affiliates (1.9%) | ||||||||
377,704 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 1.39%(b) | 377,704 | ||||||
Total Investment in Affiliates | 377,704 | |||||||
Total Investments (Cost $18,545,035) - 99.5% | 19,999,270 | |||||||
Other assets in excess of liabilities — 0.5% | 105,182 | |||||||
Net Assets - 100% | $ | 20,104,452 |
See notes to the schedule of portfolio investments.
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CAVANAL HILL FUNDS
World Energy Fund
Schedule of Portfolio Investments, Continued
November 30, 2019
(Unaudited)
The Advisor has determined that 45.7% of the Fund’s net assets comprise securities of issuers which are either foreign domiciled or derive more than 50% of its assets, revenue or income outside of the United States.
(a) | Non-income producing security. |
(b) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2019. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
ADR | American Depositary Receipt |
ETF | Exchange Traded Fund |
See notes to the schedule of portfolio investments.
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CAVANAL HILL FUNDS
Notes to Schedule of Portfolio Investments
November 30, 2019 (Unaudited)
1. Restricted Securities:
A restricted security is a security that has been purchased through a private offering and cannot be resold to the general public without prior registration under the Securities Act of 1933 (the “1933 Act”), or pursuant to the resale limitations provided by Rule 144 under the 1933 Act or an exemption from the registration requirements of the 1933 Act. Whether a restricted security is illiquid is determined pursuant to guidelines established by the Board. Not all restricted securities are considered illiquid. The illiquid, restricted securities held as of November 30, 2019 are identified below:
Security | Acquisition Date | Acquisition Cost | Principal Amount | Fair Value | ||||||||||
Limited Duration Fund: | ||||||||||||||
Cazenovia Creek Funding II LLC, Series 2018-1A, A, 3.56%, 7/15/30 | 8/22/18 | $ | 878,428 | $ | 878,515 | $ | 884,195 | |||||||
Sun Trust Student Loan Trust, Series 2006-1A, B, 2.21%, 10/28/37 | 5/26/17 and 4/11/18 | 930,892 | 1,014,130 | 906,435 |
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CAVANAL HILL FUNDS
Notes to Schedule of Portfolio Investments
November 30, 2019 (Unaudited)
2. Affiliated Holdings Disclosures:
A summary of each Fund’s investment in an affiliated money market fund (Government Securities Money Market Fund, Select Shares) for the period ending November 30, 2019 is noted below:
Fund | Fair
Value 8/31/19 | Purchases | Sales | Net
Change in Unrealized Appreciation/ (Depreciation) | Fair
Value 11/30/19 | Shares
as of 11/30/19 | Dividend Income | Net
Realized Gains/(Losses) | ||||||||||||||||||||||||
Limited Duration Fund | $ | 5,044,235 | $ | 10,983,126 | $ | (11,435,842 | ) | $ | - | $ | 4,591,519 | 4,591,519 | $ | 18,035 | $ | - | ||||||||||||||||
Moderate Duration Fund | 1,055,296 | 3,885,736 | (4,025,474 | ) | - | 915,558 | 915,558 | 3,832 | - | |||||||||||||||||||||||
Bond Fund | 1,405,699 | 7,858,720 | (7,432,403 | ) | - | 1,832,016 | 1,832,016 | 5,782 | - | |||||||||||||||||||||||
Strategic Enhanced Yield Fund | 766,036 | 3,231,392 | (3,298,798 | ) | - | 698,630 | 698,630 | 2,882 | - | |||||||||||||||||||||||
Ultra Short Tax-Free Income Fund | 123,186 | 6,519,908 | (6,100,258 | ) | - | 542,836 | 542,836 | 2,215 | - | |||||||||||||||||||||||
Active Core Fund | 2,249,789 | 3,262,428 | (4,351,192 | ) | - | 1,161,025 | 1,161,025 | 6,883 | - | |||||||||||||||||||||||
Mid Cap Core Equity Fund | 51,148 | 115,715 | (118,132 | ) | - | 48,731 | 48,731 | 171 | - | |||||||||||||||||||||||
Opportunistic Fund | 5,329,540 | 12,345,246 | (15,850,663 | ) | - | 1,824,123 | 1,824,123 | 23,181 | - | |||||||||||||||||||||||
World Energy Fund | 531,505 | 1,855,598 | (2,009,399 | ) | - | 377,704 | 377,704 | 2,205 | - | |||||||||||||||||||||||
$ | 16,556,434 | $ | 50,057,869 | $ | (54,622,161 | ) | $ | - | $ | 11,992,142 | 11,992,142 | $ | 65,186 | $ | - | |||||||||||||||||
A summary of the Opportunistic Fund’s investment in an affiliated fund (U.S. Treasury Fund, Institutional Class) for the period ending November 30, 2019 is noted below: | ||||||||||||||||||||||||||||||||
Fund | Fair
Value 8/31/19 | Purchases | Sales | Net
Change in Unrealized Appreciation/ (Depreciation) | Fair
Value 11/30/19 | Shares
as of 11/30/19 | Dividend Income | Net
Realized Gains/(Losses) |
||||||||||||||||||||||||
Opportunistic Fund | $ | 5,329,000 | $ | - | $ | (5,329,000 | ) | $ | - | $ | - | - | $ | 5,187 | $ | - | ||||||||||||||||
$ | 5,329,000 | $ | - | $ | (5,329,000 | ) | $ | - | $ | - | - | $ | 5,187 | $ | - | |||||||||||||||||
A summary of the Opportunistic Fund’s investment in an affiliated fund (U.S. Treasury Fund, Select Class) for the period ending November 30, 2019 is noted below: | ||||||||||||||||||||||||||||||||
Fund | Fair
Value 8/31/19 | Purchases | Sales | Net
Change in Unrealized Appreciation/ (Depreciation) | Fair
Value 11/30/19 | Shares
as of 11/30/19 | Dividend Income | Net
Realized Gains/(Losses) |
||||||||||||||||||||||||
Opportunistic Fund | $ | - | $ | 2,075,000 | $ | (251,000 | ) | $ | - | $ | 1,824,000 | 1,824,000 | $ | 141 | $ | - | ||||||||||||||||
$ | - | $ | 2,075,000 | $ | (251,000 | ) | $ | - | $ | 1,824,000 | 1,824,000 | $ | 141 | $ | - | |||||||||||||||||
A summary of the Active Core Fund’s investment in an affiliated fund (World Energy Fund, Institutional Class) for the period ending November 30, 2019 is noted below: | ||||||||||||||||||||||||||||||||
Fund | Fair
Value 8/31/19 | Purchases | Sales | Net
Change in Unrealized Appreciation/ (Depreciation) | Fair
Value 11/30/19 | Shares
as of 11/30/19 | Dividend Income | Net
Realized Gains/(Losses) |
||||||||||||||||||||||||
Active Core Fund | $ | 493,296 | $ | - | $ | - | $ | 22,492 | $ | 515,788 | 73,409 | $ | 3,992 | $ | - | |||||||||||||||||
$ | 493,296 | $ | - | $ | - | $ | 22,492 | $ | 515,788 | 73,409 | $ | 3,992 | $ | - |
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