CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (6.9%) | ||||||||
$ | 1,764,848 | AccessLex Institute, Series 2007-1, Class C, 1.39% (US0003M + 40 bps), 10/25/35* | $ | 1,508,407 | ||||
1,300,000 | Asset Backed Securities Corp. Home Equity Loan Trust, Series 2006-HE1, Class A4, 0.47% (US0001M + 30 bps), 1/25/36* | 1,253,341 | ||||||
694,662 | Cazenovia Creek Funding II LLC, Series 2018-1A, Class A, 3.56%, 7/15/30(a) | 687,815 | ||||||
943 | Citigroup Mortgage Loan Trust, Inc., Series 2005-WF1, Class A5, 5.01%, 11/25/34*(b) | 943 | ||||||
272 | Countrywide Asset-Backed Certificates, Series 2002-S1, Class A5, 6.46%, 5/25/32*(b) | 272 | ||||||
2,984 | Countrywide Home Equity Loan Trust, Series 2004-C, Class C, 0.40% (US0001M + 22 bps), 1/15/34* | 2,926 | ||||||
921,558 | Fannie Mae Grantor Trust, Series 2003-T4, Class 2A5, 4.61%, 9/26/33*(b) | 1,047,419 | ||||||
457,984 | Fremont Home Loan Trust, Series 2004-3, Class 10A1, 2.04% (US0001M + 188 bps), 11/25/34* | 287,806 | ||||||
703,827 | HSI Asset Securitization Corp. Trust, Series 2006-OPT4, Class 1A1, 0.34% (US0001M + 17 bps), 3/25/36* | 701,478 | ||||||
150 | IMC Home Equity Loan Trust, Series 1998-1, Class A6, 7.02%, 6/20/29(b) | 150 | ||||||
612,328 | New Century Home Equity Loan Trust, Series 2005-A, Class A4W, 4.69%, 8/25/35*(b) | 616,116 | ||||||
133,608 | Residential Asset Mortgage Products, Inc., Series 2002-RS2, Class AI5, 6.03%, 3/25/32* | 137,232 | ||||||
1,414,468 | Residential Asset Mortgage Products, Inc., Series 2005-RS3, Class M3, 0.89% (US0001M + 72 bps), 3/25/35* | 1,410,429 | ||||||
5,461 | Saxon Asset Securities Trust, Series 2003-3, Class AF6, 4.58%, 12/25/33*(b) | 5,490 | ||||||
108,510 | Soundview Home Equity Loan Trust, Series 2005-B, Class M2, 6.23%, 5/25/35*(b) | 103,474 | ||||||
655,326 | Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-6XS, Class A5A, 6.03%, 3/25/34*(b) | 662,457 | ||||||
947,077 | Sun Trust Student Loan Trust, Series 2006-1A, Class B, 1.16% (US0003M + 27 bps), 10/28/37*(a) | 793,169 | ||||||
Total Asset Backed Securities | 9,218,924 | |||||||
Mortgage Backed Securities† (32.9%) | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities (0.9%) | ||||||||
109,763 | Bear Stearns Alternative Trust, Series 2006-1, Class 21A2, 3.63%, 2/25/36*(b) | 88,525 | ||||||
11,574 | Bear Stearns Alternative Trust, Series 2005-5, Class 26A1, 3.84%, 7/25/35*(b) | 9,158 | ||||||
18,839 | Countrywide Alternative Loan Trust, Series 2005-24, Class 1A1, 3.00% (12MTA + 131 bps), 7/20/35* | 15,337 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 1,619 | Deutsche Mortgage Securities, Inc., Series 2006-ABR, Class A1B1, 0.27% (US0001M + 10 bps), 10/25/36* | $ | 1,173 | ||||
7,759 | Deutsche Mortgage Securities, Inc., Series 2003-4XS, Class A6A, 5.32% (US0003M + 119 bps), 10/25/33* | 7,730 | ||||||
5,501 | Deutsche Mortgage Securities, Inc., Series 2006-AB4, Class A1A, 6.00%, 10/25/36*(b) | 5,073 | ||||||
6,675 | First Horizon Alternative Mortgage Securities, Series 2004-AA3, Class A1, 3.54%, 9/25/34*(b) | 6,391 | ||||||
26,652 | Master Adjustable Rate Mortgage Trust, Series 2004-13, Class 2A1, 4.35%, 4/21/34*(b) | 25,964 | ||||||
956,626 | Nomura Asset Acceptance Corp., Series 2005-AR4, Class 3A1, 4.12%, 8/25/35*(b) | 955,747 | ||||||
39,403 | Residential Accredit Loans, Inc., Series 2004-QA4, Class NB21, 4.35%, 9/25/34*(b) | 37,650 | ||||||
23,150 | Residential Accredit Loans, Inc., Series 2006-QA1, Class A21, 4.67%, 1/25/36*(b) | 20,521 | ||||||
1,173,269 | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (0.6%) | ||||||||
15,177 | Chaseflex Trust, Series 2005-1, Class 2A4, 5.50%, 2/25/35* | 13,237 | ||||||
24,472 | Citigroup Mortgage Alternative Loan Trust, Series 2006-A3, Class 1A5, 6.00%, 7/25/36* | 23,456 | ||||||
381 | Countrywide Alternative Loan Trust, Series 2004-12CB, Class 1A1, 5.00%, 7/25/19* | 380 | ||||||
18,322 | Countrywide Alternative Loan Trust, Series 2005-J13, Class 2A3, 5.50%, 11/25/35* | 15,105 | ||||||
20,867 | Countrywide Alternative Loan Trust, Series 2006-2CB, Class A3, 5.50%, 3/25/36* | 14,128 | ||||||
21,514 | Countrywide Alternative Loan Trust, Series 2006-31CB, Class A16, 6.00%, 11/25/36* | 17,139 | ||||||
21,833 | Countrywide Alternative Loan Trust, Series 2006-43CB, Class 1A4, 6.00%, 2/25/37* | 16,627 | ||||||
148,305 | Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37* | 94,797 | ||||||
72,816 | Countrywide Alternative Loan Trust, Series 2004-J8, Class 2A1, 7.00%, 8/25/34* | 76,527 | ||||||
51,195 | First Horizon Alternative Mortgage Securities, Series 2006-FA3, Class A6, 6.00%, 7/25/36* | 36,480 | ||||||
138 | Master Alternative Loans Trust, Series 2004-3, Class 1A1, 5.00%, 3/25/19* | 138 | ||||||
760 | Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20* | 718 | ||||||
4,238 | Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34* | 4,334 | ||||||
393,292 | Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34* | 404,249 |
1
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 21,627 | Master Alternative Loans Trust, Series 2004-1, Class 3A1, 7.00%, 1/25/34* | $ | 23,325 | ||||
3,540 | Master Alternative Loans Trust, Series 2004-3, Class 8A1, 7.00%, 4/25/34* | 3,669 | ||||||
1,667 | Residential Accredit Loans, Inc., Series 2003-QS14, Class A1, 5.00%, 7/25/18* | 1,657 | ||||||
246 | Residential Accredit Loans, Inc., Series 2004-QS13, Class CB, 5.00%, 9/25/19* | 245 | ||||||
5,590 | Residential Accredit Loans, Inc., Series 2004-QS6, Class A1, 5.00%, 5/25/19* | 5,388 | ||||||
36,881 | Residential Accredit Loans, Inc., Series 2006-QS6, Class 1A2, 6.00%, 6/25/36* | 32,888 | ||||||
44,644 | Residential Asset Securitization Trust, Series 2006-A9CB, Class A5, 6.00%, 9/25/36* | 24,026 | ||||||
32,081 | Residential Asset Securitization Trust, Series 2007-A5, Class 2A3, 6.00%, 5/25/37* | 25,477 | ||||||
17,522 | Wells Fargo Mortgage Backed Securities Trust, Series 2005-1, Class 2A3, 5.50%, 2/25/35* | 16,765 | ||||||
850,755 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (3.6%) | ||||||||
11,146 | Adjustable Rate Mortgage Trust, Series 2004-4, Class 1A1, 3.06%, 3/25/35*(b) | 11,038 | ||||||
6,440 | Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A22, 4.12%, 5/25/35(b) | 6,314 | ||||||
340,171 | American Home Mortgage Investment Trust, Series 2006-2, Class 3A2, 6.70%, 6/25/36*(b) | 100,912 | ||||||
2,250,977 | Banc of America Funding Trust, Series 2015-R4, Class 8A1, 0.66% (US0001M + 17 bps), 1/27/35*(c) | 2,215,993 | ||||||
9,041 | Bank of America Mortgage Securities, Series 2006-A, Class 2A1, 3.76%, 2/25/36*(b) | 8,126 | ||||||
6,178 | Bank of America Mortgage Securities, Series 2006-B, Class 2A1, 3.90%, 11/20/46*(b) | 5,601 | ||||||
5,394 | Bank of America Mortgage Securities, Series 2004-E, Class 1A1, 4.13%, 6/25/34*(b) | 5,036 | ||||||
9,293 | Bank of America Mortgage Securities, Series 2003-H, Class 2A3, 4.42%, 9/25/33*(b) | 8,646 | ||||||
21,238 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-4, Class 1A1, 4.25%, 10/25/36*(b) | 20,077 | ||||||
7,464 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1, 4.27% (H15T1Y + 230 bps), 10/25/35* | 7,280 | ||||||
5,238 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 15A1, 4.29%, 1/25/35*(b) | 4,785 | ||||||
7,637 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 1A1, 4.31%, 9/25/34*(b) | 7,042 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 22,571 | Bear Stearns Mortgage Securities, Inc., Series 1997-6, Class 1A, 6.29%, 3/25/31*(b) | $ | 22,479 | ||||
15,132 | Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.98%, 7/25/37*(b) | 12,892 | ||||||
11,927 | Citigroup Mortgage Loan Trust, Inc., Series 2005-3, Class 2A2A, 4.33%, 8/25/35(b) | 11,223 | ||||||
210,604 | Coast Savings & Loan Association, Series 1992-1, Class A, 2.99%, 7/25/22*(b) | 210,901 | ||||||
272 | Countrywide Home Loans, Series 2003-42, Class 1A1, 3.99%, 9/25/33*(b) | 243 | ||||||
3,591 | Countrywide Home Loans, Series 2003-60, Class 2A1, 3.99%, 2/25/34*(b) | 3,349 | ||||||
10,045 | Countrywide Home Loans, Series 2004-12, Class 10A1, 4.08%, 8/25/34*(b) | 9,977 | ||||||
10,988 | Countrywide Home Loans, Series 2003-58, Class 2A2, 4.11%, 2/19/34*(b) | 10,753 | ||||||
39,137 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR28, Class CB3, 3.78%, 11/25/32*(b) | 17,851 | ||||||
32,771 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR7, Class 2A1, 4.14%, 11/25/34*(b) | 32,484 | ||||||
11,731 | First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1, 4.05%, 10/25/35*(b) | 10,983 | ||||||
60,691 | GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 3A1, 3.81%, 11/19/35*(b) | 54,159 | ||||||
1,510,718 | GSMSC Resecuritization Trust, Series 2015-5R, Class 1A, 0.63% (US0001M + 14 bps), 4/26/37(c) | 1,504,325 | ||||||
14,692 | GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1, 3.84%, 11/25/35*(b) | 14,220 | ||||||
35,981 | GSR Mortgage Loan Trust, Series 2005-AR2, Class 1A2, 4.01%, 4/25/35*(b) | 33,731 | ||||||
75,942 | Harborview Mortgage Loan Trust, Series 2004-10, Class 3A1B, 3.81%, 1/19/35*(b) | 72,699 | ||||||
8,843 | Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A, 4.16%, 12/19/35*(b) | 8,154 | ||||||
11,655 | Indymac Index Mortgage Loan Trust, Series 2006-AR25, Class 4A2, 3.42%, 9/25/36*(b) | 11,793 | ||||||
28,496 | Indymac Index Mortgage Loan Trust, Series 2006-AR13, Class A1, 3.67%, 7/25/36*(b) | 22,492 | ||||||
42,140 | Indymac Index Mortgage Loan Trust, Series 2006-AR19, Class 1A2, 3.73%, 8/25/36*(b) | 31,022 | ||||||
14,364 | Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 1A, 3.87%, 8/25/34*(b) | 13,708 | ||||||
28,264 | Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 3A, 4.07%, 8/25/34*(b) | 27,150 | ||||||
2,594 | JPMorgan Mortgage Trust, Series 2006-A5, Class 3A4, 3.87%, 8/25/36*(b) | 2,239 |
2
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 1,742 | JPMorgan Mortgage Trust, Series 2005-A4, Class 3A1, 3.89%, 7/25/35*(b) | $ | 1,697 | ||||
11,484 | Merrill Lynch Mortgage Investors Trust, Series 2004-1, Class 2A2, 3.53%, 12/25/34*(b) | 11,090 | ||||||
1,315 | Merrill Lynch Mortgage Investors Trust, Series 2004-A1, Class 2A2, 3.71%, 2/25/34*(b) | 1,280 | ||||||
10,079 | Merrill Lynch Mortgage Investors Trust, Series 2004-A2, Class 1A, 4.45%, 7/25/34*(b) | 9,847 | ||||||
10,413 | Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 3A, 3.98%, 8/25/34*(b) | 10,020 | ||||||
15,405 | Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 2A2, 4.51%, 8/25/34*(b) | 14,741 | ||||||
35,833 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 1A2, 3.67%, 12/25/34*(b) | 33,130 | ||||||
2,953 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A1, 4.14%, 2/25/34*(b) | 2,801 | ||||||
57,601 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-4, Class 1A1, 4.34%, 4/25/34*(b) | 55,066 | ||||||
9,325 | Structured Asset Mortgage Investments, Inc., Series 2005-AR7, Class 1A1, 3.50%, 12/27/35*(b) | 9,178 | ||||||
22,001 | Structured Asset Securities Corp., Series 2003-24A, Class 1A3, 3.70%, 7/25/33*(b) | 20,899 | ||||||
49,810 | Thornburg Mortgage Securities Trust, Series 2007-4, Class 3A1, 3.99%, 9/25/37*(b) | 49,768 | ||||||
1,722 | Wachovia Mortgage Loan Trust LLC, Series 2005-A, Class 4A2, 4.50%, 8/20/35*(b) | 161 | ||||||
6,290 | Washington Mutual, Series 2004-AR3, Class A2, 3.68%, 6/25/34*(b) | 5,998 | ||||||
8,376 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR10, Class A1B, 0.59% (US0001M + 42 bps), 7/25/44* | 7,890 | ||||||
68,039 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR14, Class 1A1, 3.27%, 11/25/36*(b) | 60,827 | ||||||
10,979 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR10, Class 1A2, 3.72%, 9/25/36*(b) | 9,894 | ||||||
1,878 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR8, Class 1A1, 3.91%, 8/25/46*(b) | 1,696 | ||||||
4,845,660 | ||||||||
Prime Fixed Mortgage Backed Securities (5.5%) | ||||||||
151,247 | Agate Bay Mortgage Trust, Series 2015-7, Class A6, 3.00%, 10/25/45*(b)(c) | 151,472 | ||||||
1,603,952 | Citigroup Mortgage Loan Trust, Inc., Series 2014-C, Class A, 3.25%, 2/25/54*(b)(c) | 1,611,076 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 17,632 | Citigroup Mortgage Loan Trust, Inc., Series 2003-1, Class WA2, 6.50%, 6/25/31* | $ | 17,788 | ||||
98,240 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 1CB2, 6.75%, 8/25/34* | 103,463 | ||||||
17,053 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 2CB3, 8.00%, 8/25/34* | 18,652 | ||||||
6,903 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-7, Class 5A1, 5.00%, 10/25/19* | 7,171 | ||||||
89,660 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-23, Class 1A11, 6.00%, 10/25/33 | 93,651 | ||||||
32,470 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33* | 34,065 | ||||||
23,409 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-1, Class 1A1, 7.00%, 2/25/33* | 24,594 | ||||||
55,108 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-10, Class 2B1, 7.50%, 5/25/32* | 23,872 | ||||||
109,600 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-34, Class 1A1, 7.50%, 12/25/32* | 115,885 | ||||||
84,515 | Galton Funding Mortgage Trust, Series 2018-1, Class A43, 3.50%, 11/25/57*(b)(c) | 85,071 | ||||||
52,101 | GSR Mortgage Loan Trust, Series 2003-3F, Class 2A1, 4.50%, 4/25/33* | 50,659 | ||||||
953 | GSR Mortgage Loan Trust, Series 2005-8F, Class 7A1, 5.50%, 10/25/20* | 478 | ||||||
25,823 | GSR Mortgage Loan Trust, Series 2005-8F, Class 3A4, 6.00%, 11/25/35* | 17,019 | ||||||
1,822,896 | JPMorgan Mortgage Trust, Series 2017-2, Class A4, 3.00%, 5/25/47*(b)(c) | 1,883,025 | ||||||
947,026 | JPMorgan Mortgage Trust, Series 2017-3, Class 1A5, 3.50%, 8/25/47*(b)(c) | 959,634 | ||||||
12,868 | Lehman Mortgage Trust, Series 2005-3, Class 1A3, 5.50%, 1/25/36* | 9,752 | ||||||
1,016,224 | MFRA Trust, Series 2017-RPL1, Class A1, 2.59%, 2/25/57*(b)(c) | 1,017,985 | ||||||
2,411 | Prime Mortgage Trust, Series 2005-2, Class 1A3, 5.25%, 7/25/20* | 2,403 | ||||||
8,896 | Residential Funding Mortgage Securities I, Series 2005-S7, Class A1, 5.50%, 11/25/35* | 8,236 | ||||||
14,539 | Residential Funding Mortgage Securities I, Series 2003-S9, Class A1, 6.50%, 3/25/32* | 15,280 | ||||||
516,861 | Sequoia Mortgage Trust, Series 2018-CH1, Class A10, 4.00%, 2/25/48*(b)(c) | 521,891 | ||||||
483,761 | Sequoia Mortgage Trust, Series 2018-CH2, Class A12, 4.00%, 6/25/48*(b)(c) | 487,667 | ||||||
100,019 | Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29* | 104,852 |
3
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 5,214 | Washington Mutual, Series 2003-S4, Class 4A1, 4.00%, 2/25/32* | $ | 5,459 | ||||
7,371,100 | ||||||||
Subprime Mortgage Backed Securities (3.0%) | ||||||||
731,559 | Towd Point Mortgage Trust, Series 2016-1, Class A1B, 2.75%, 2/25/55*(b)(c) | 739,612 | ||||||
774,815 | Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75%, 10/25/56*(b)(c) | 785,974 | ||||||
1,479,601 | Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 4/25/57*(b)(c) | 1,500,733 | ||||||
973,960 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57*(b)(c) | 999,044 | ||||||
4,025,363 | ||||||||
U.S. Government Agency Mortgage Backed Securities (19.3%) | ||||||||
381,858 | Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42 | 371,526 | ||||||
221,782 | Fannie Mae, Series 2012-31, Class PA, 2.00%, 4/25/41 | 226,961 | ||||||
524,294 | Fannie Mae, Series 2012-51, Class EB, 2.00%, 1/25/40 | 532,817 | ||||||
509,545 | Fannie Mae, Series 2012-96, Class PD, 2.00%, 7/25/41 | 517,834 | ||||||
378,402 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 385,342 | ||||||
229,195 | Fannie Mae, Series 2013-68, Class LE, 2.00%, 4/25/43 | 232,045 | ||||||
231,750 | Fannie Mae, Series 2011-126, Class ED, 2.25%, 4/25/40 | 234,912 | ||||||
180,944 | Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42 | 186,009 | ||||||
256,099 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 260,165 | ||||||
34,210 | Fannie Mae, Series 2012-2, Class 10A1, 2.50%, 5/25/41 | 34,594 | ||||||
2,064,781 | Fannie Mae, Series 18-83, Class LC, 3.00%, 11/25/48 | 2,149,473 | ||||||
135,763 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 144,671 | ||||||
13,640 | Fannie Mae, Series 2011-124, Class 10A1, 3.00%, 9/25/29 | 13,643 | ||||||
513,806 | Fannie Mae, Series 2014-1, Class AB, 3.00%, 6/25/43 | 535,753 | ||||||
16,509 | Fannie Mae, 3.33% (US0012M + 132 bps), 1/1/35, Pool #805386 | 17,125 | ||||||
3,439 | Fannie Mae, 3.69% (H15T1Y + 187 bps), 12/1/22, Pool #303247 | 3,467 | ||||||
2,707 | Fannie Mae, 4.06% (H15T1Y + 216 bps), 6/1/32, Pool #725286 | 2,721 | ||||||
921,630 | Fannie Mae, Series 2003-W14, Class 2A, 4.28%, 1/25/43*(b) | 974,732 | ||||||
2,097,893 | Fannie Mae, Series 2003-W12, Class 3A, 4.38%, 3/25/43*(b) | 2,258,130 | ||||||
42,300 | Fannie Mae, 4.48% (H15T1Y + 229 bps), 2/1/30, Pool #556998 | 42,342 | ||||||
696,506 | Fannie Mae, Series 2003-W16, Class AF5, 4.54%, 11/25/33*(b) | 777,156 | ||||||
2,725,000 | Fannie Mae, Series 2004-W3, Class A7, 5.50%, 5/25/34* | 3,117,621 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 16,428 | Fannie Mae, Series 2001-W4, Class AF6, 5.61%, 1/25/32*(b) | $ | 18,076 | ||||
814 | Fannie Mae, Series 1992-129, Class L, 6.00%, 7/25/22 | 844 | ||||||
10,904 | Fannie Mae, Series 2001-W2, Class AF6, 6.59%, 10/25/31*(b) | 11,640 | ||||||
9,704 | Fannie Mae, Series 2001-W1, Class AF6, 6.90%, 7/25/31*(b) | 12,201 | ||||||
24 | Fannie Mae, Series 1991-108, Class J, 7.00%, 9/25/21 | 25 | ||||||
191 | Fannie Mae, Series 1992-195, Class C, 7.50%, 10/25/22 | 199 | ||||||
1,000 | Fannie Mae, Series 1996-42, Class LL, 7.50%, 9/25/26 | 1,107 | ||||||
134,628 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 135,281 | ||||||
946,355 | Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32 | 964,054 | ||||||
578,140 | Freddie Mac, Series 4039, Class ME, 2.00%, 12/15/40(b) | 587,837 | ||||||
211,024 | Freddie Mac, Series 3982, Class MD, 2.00%, 5/15/39 | 215,843 | ||||||
344,812 | Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41 | 354,515 | ||||||
448,216 | Freddie Mac, Series 4030, Class DA, 2.00%, 2/15/41 | 457,798 | ||||||
620,424 | Freddie Mac, Series 4079, Class WA, 2.00%, 8/15/40 | 623,787 | ||||||
870,774 | Freddie Mac, Series 4272, Class YG, 2.00%, 11/15/26 | 893,113 | ||||||
288,427 | Freddie Mac, Series 4408, Class GA, 2.00%, 9/15/41 | 294,815 | ||||||
60,760 | Freddie Mac, Series 3890, Class BA, 2.50%, 11/15/40 | 62,048 | ||||||
467,308 | Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41 | 481,133 | ||||||
563,704 | Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41 | 582,705 | ||||||
27,386 | Freddie Mac, Series 3752, Class JA, 2.75%, 4/15/40 | 27,484 | ||||||
95,617 | Freddie Mac, Series 4017, Class MA, 3.00%, 3/15/41 | 97,202 | ||||||
658,333 | Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36 | 699,600 | ||||||
3,717 | Freddie Mac, 3.34% (US0006M + 154 bps), 4/1/36, Pool #1N0148 | 3,823 | ||||||
432,099 | Freddie Mac, Series T-67, Class 1A1C, 3.59%, 3/25/36*(b) | 443,818 | ||||||
14,031 | Freddie Mac, 4.00%, 9/1/33, Pool #N31025 | 14,991 | ||||||
68,005 | Freddie Mac, Series 3688, Class HQ, 6.00%, 11/15/21 | 69,038 | ||||||
32 | Freddie Mac, Series 180, Class H, 6.50%, 9/15/21* | 32 | ||||||
147 | Freddie Mac, Series 1163, Class JA, 7.00%, 11/15/21* | 147 | ||||||
813 | Freddie Mac, Series 1474, Class E, 7.00%, 2/15/23* | 857 | ||||||
879 | Freddie Mac, Series 1310, Class J, 8.00%, 6/15/22* | 927 | ||||||
622 | Freddie Mac, Series 1312, Class I, 8.00%, 7/15/22* | 658 |
4
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 363,746 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | $ | 372,582 | ||||
4,843,043 | Government National Mortgage Assoc., Series 2013-176, Class BE, 2.65%, 3/16/46*(b) | 5,001,744 | ||||||
1,670 | Government National Mortgage Assoc., 3.00% (H15T1Y + 150 bps), 1/20/23, Pool #8123 | 1,687 | ||||||
2,717 | Government National Mortgage Assoc., 3.00% (H15T1Y + 150 bps), 1/20/25, Pool #8580 | 2,801 | ||||||
3,994 | Government National Mortgage Assoc., 3.00% (H15T1Y + 150 bps), 1/20/25, Pool #8585 | 4,136 | ||||||
1,255 | Government National Mortgage Assoc., 3.00% (H15T1Y + 150 bps), 3/20/26, Pool #8832 | 1,276 | ||||||
3,422 | Government National Mortgage Assoc., 3.00% (H15T1Y + 150 bps), 3/20/29, Pool #80263 | 3,471 | ||||||
924 | Government National Mortgage Assoc., 3.13% (H15T1Y + 150 bps), 12/20/21, Pool #8889 | 935 | ||||||
2,233 | Government National Mortgage Assoc., 3.13% (H15T1Y + 150 bps), 12/20/27, Pool #80141 | 2,317 | ||||||
5,154 | Government National Mortgage Assoc., 3.13% (H15T1Y + 150 bps), 11/20/29, Pool #876947 | 5,193 | ||||||
11,621 | Government National Mortgage Assoc., 3.88% (H15T1Y + 150 bps), 5/20/34, Pool #80916 | 12,121 | ||||||
100 | Government National Mortgage Assoc., 6.50%, 12/15/25, Pool #414856 | 110 | ||||||
77 | Government National Mortgage Assoc., 7.00%, 4/20/24, Pool #1655 | 82 | ||||||
31 | Government National Mortgage Assoc., 7.00%, 11/20/26, Pool #2320 | 32 | ||||||
237 | Government National Mortgage Assoc., 7.50%, 3/15/24, Pool #376439 | 242 | ||||||
25,483,366 | ||||||||
Total Mortgage Backed Securities | 43,749,513 | |||||||
Corporate Bonds (10.2%) | ||||||||
Banks (4.4%) | ||||||||
1,450,000 | Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 * | 1,539,675 | ||||||
1,500,000 | Mizuho Financial Group, Inc., 2.95%, 2/28/22 | 1,550,856 | ||||||
1,000,000 | Mizuho Financial Group, Inc., 3.55%, 3/5/23 | 1,057,593 | ||||||
1,500,000 | Wells Fargo & Co., 2.63%, 7/22/22 | 1,547,471 | ||||||
5,695,595 |
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Capital Markets (0.0%^) | ||||||||
$ | 2,000,000 | Lehman Brothers Holdings, Inc., 6.00%, 7/19/12, MTN (d) | $ | 22,400 | ||||
Diversified Telecommunication Services (1.3%) | ||||||||
1,743,000 | AT&T, Inc., 2.80%, 2/17/21 | 1,767,195 | ||||||
Interactive Media & Services (2.4%) | ||||||||
3,000,000 | Baidu, Inc., 3.88%, 9/29/23, Callable 8/29/23 @ 100 * | 3,194,043 | ||||||
Tobacco (1.8%) | ||||||||
2,150,000 | Altria Group, Inc., 4.40%, 2/14/26, Callable 12/14/25 @ 100 * | 2,458,109 | ||||||
Trading Companies & Distributors (0.3%) | ||||||||
447,000 | Aviation Capital Group LLC, 7.13%, 10/15/20 (c) | 429,782 | ||||||
Total Corporate Bonds | 13,567,124 | |||||||
Taxable Municipal Bonds (1.0%) | ||||||||
Georgia (1.0%) | ||||||||
1,175,000 | State of Georgia, Build America Bonds, GO, Series H, 4.50%, 11/1/25 | 1,285,897 | ||||||
Total Taxable Municipal Bonds | 1,285,897 | |||||||
U.S. Government Agency Securities (20.6%) | ||||||||
Federal Farm Credit Banks | ||||||||
4,000,000 | 1.22%, 5/5/28, Callable 5/5/22 @ 100 * | 3,983,027 | ||||||
3,760,000 | 1.50%, 4/30/29, Callable 4/30/21 @ 100 * | 3,738,498 | ||||||
4,000,000 | 1.68%, 4/29/30, Callable 4/29/21 @ 100 * | 4,023,285 | ||||||
11,744,810 | ||||||||
Federal Home Loan Bank | ||||||||
2,800,000 | 2.00%, 5/4/35, Callable 5/4/21 @ 100 * | 2,773,205 | ||||||
Federal Home Loan Banks | ||||||||
4,250,000 | 1.90%, 3/18/37, Callable 3/18/22 @ 100 * | 4,063,334 | ||||||
4,855,000 | 2.07%, 4/2/32, Callable 10/2/20 @ 100 * | 4,872,849 | ||||||
4,000,000 | 2.32%, 4/16/35, Callable 4/16/21 @ 100 * | 4,002,122 | ||||||
12,938,305 | ||||||||
Total U.S. Government Agency Securities | 27,456,320 | |||||||
U.S. Treasury Obligations (19.5%) | ||||||||
U.S. Treasury Notes | ||||||||
6,930,000 | 1.50%, 10/31/21 | 7,059,125 | ||||||
17,925,000 | 1.50%, 10/31/24 | 18,887,069 | ||||||
25,946,194 | ||||||||
Total U.S. Treasury Obligations | 25,946,194 | |||||||
Investment in Affiliates (9.8%) | ||||||||
13,085,833 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(e) | 13,085,833 | ||||||
Total Investment in Affiliates | 13,085,833 | |||||||
Total Investments (Cost $133,419,680) - 100.9% | 134,309,805 | |||||||
Liabilities in excess of other assets — (0.9)% | (1,261,161 | ) | ||||||
Net Assets - 100.0% | $ | 133,048,644 |
5
CAVANAL HILL FUNDS
Limited Duration Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(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 illiquid according to the policies and procedures adopted by the Board of Trustees. At May 31, 2020, illiquid securities were 1.1% 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 May 31, 2020. |
(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 May 31, 2020. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
^ | Represents less than 0.05%. |
† | 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 |
6
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (7.0%) | ||||||||
$ | 305,907 | AccessLex Institute, Series 2007-1, Class C, 1.39% (US0003M + 40 bps), 10/25/35* | $ | 261,457 | ||||
271,817 | Corevest American Finance Trust, Series 2019-1, Class A, 3.32%, 3/15/52(a) | 278,447 | ||||||
119,771 | Exeter Automobiles Receivables Trust, Series 2018-3A, Class B, 3.46%, 10/17/22*(a) | 120,009 | ||||||
300,000 | Insite Issuer LLC, Series 2016-1A, Class A, 2.88%, 11/15/46*(a) | 294,347 | ||||||
175,000 | Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 3/20/45*(a) | 177,569 | ||||||
300,000 | Santander Drive Auto Receivables Trust, Series 2017-1, Class D, 3.17%, 4/17/23* | 302,925 | ||||||
570,000 | SLM Student Loan Trust, Series 2012-7, Class B, 1.97% (US0001M + 180 bps), 9/25/43* | 489,682 | ||||||
200,388 | Vantage Data Centers Issuer LLC, Series 2018-1A, Class A2, 4.07%, 2/16/43*(a) | 202,613 | ||||||
Total Asset Backed Securities | 2,127,049 | |||||||
Mortgage Backed Securities† (22.3%) | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities (1.0%) | ||||||||
313,214 | Bear Stearns Alternative-A Trust, Series 2005-7, Class 11A1, 0.71% (US0001M + 54 bps), 8/25/35* | 309,451 | ||||||
Alt-A - Fixed Rate Mortgage Backed Securities (2.0%) | ||||||||
951 | Bank of America Alternative Loan Trust, Series 2005-9, Class 5A1, 5.50%, 10/25/20* | 890 | ||||||
62,869 | Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35* | 56,151 | ||||||
4,136 | Countrywide Alternative Loan Trust, Series 2005-3CB, Class 1A4, 5.25%, 3/25/35* | 4,046 | ||||||
13,761 | Countrywide Alternative Loan Trust, Series 2004-5CB, Class 1A1, 6.00%, 5/25/34* | 13,900 | ||||||
78,055 | Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37* | 49,892 | ||||||
60,583 | Deutsche Alternative-A Securities, Inc. Mortgage Loan Trust, Series 2006-AB2, Class A3, 5.12%, 6/25/36*(b) | 56,742 | ||||||
11,553 | Master Alternative Loans Trust, Series 2004-1, Class 4A1, 5.50%, 2/25/34* | 11,768 | ||||||
3,768 | Master Alternative Loans Trust, Series 2004-13, Class 12A1, 5.50%, 12/25/19* | 3,365 | ||||||
16,625 | Master Alternative Loans Trust, Series 2004-4, Class 1A1, 5.50%, 5/25/34* | 17,271 | ||||||
160 | Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20* | 151 | ||||||
36,480 | Master Alternative Loans Trust, Series 2004-6, Class 10A1, 6.00%, 7/25/34* | 38,298 | ||||||
20,211 | Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34* | 21,436 | ||||||
8,254 | Master Alternative Loans Trust, Series 2003-7, Class 6A1, 6.50%, 12/25/33* | 8,798 | ||||||
17,542 | Master Alternative Loans Trust, Series 2004-4, Class 8A1, 6.50%, 5/25/34* | 18,396 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 29,929 | Master Alternative Loans Trust, Series 2004-6, Class 6A1, 6.50%, 7/25/34* | $ | 31,969 | ||||
6,857 | Nomura Asset Acceptance Corp., Series 2005-AP1, Class 2A5, 4.86%, 2/25/35*(b) | 6,916 | ||||||
2,316 | Nomura Asset Acceptance Corp., Series 2005-WF1, Class 2A5, 5.16%, 3/25/35*(b) | 2,427 | ||||||
29,050 | Nomura Asset Acceptance Corp., Series 2005-AP2, Class A5, 5.48%, 5/25/35*(b) | 20,243 | ||||||
88,958 | Nomura Asset Acceptance Corp., Series 2006-AF1, Class 1A2, 6.16%, 5/25/36*(b) | 30,102 | ||||||
42,748 | Ocwen Residential MBS Corp., Series 1998-R1, Class B1, 3.69%, 10/25/40*(a)(b) | 39,605 | ||||||
218 | Residential Accredit Loans, Inc., Series 2003-QS18, Class A1, 5.00%, 9/25/18* | 164 | ||||||
4,844 | Residential Accredit Loans, Inc., Series 2006-QS18, Class 3A3, 5.75%, 12/25/21* | 4,557 | ||||||
12,926 | Residential Accredit Loans, Inc., Series 2006-QS5, Class A9, 6.00%, 5/25/36* | 11,919 | ||||||
29,610 | Residential Accredit Loans, Inc., Series 2006-QS12, Class 1A2, 6.50%, 9/25/36* | 20,599 | ||||||
45,216 | Residential Asset Securitization Trust, Series 2005-A14, Class A5, 5.50%, 12/25/35* | 33,660 | ||||||
57,276 | Residential Asset Securitization Trust, Series 2006-A8, Class 1A1, 6.00%, 8/25/36* | 46,779 | ||||||
50,304 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-6, Class 1CB, 6.50%, 8/25/35* | 49,139 | ||||||
599,183 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (1.1%) | ||||||||
7,974 | Bank of America Funding Corp., Series 2004-B, Class 5A1, 4.25%, 11/20/34*(b) | 7,498 | ||||||
6,941 | Bear Stearns Mortgage Trust, Series 2004-9, Class 12A3, 3.96%, 11/25/34*(b) | 6,813 | ||||||
2,749 | Bear Stearns Mortgage Trust, Series 2003-7, Class 4A, 4.04%, 10/25/33*(b) | 2,731 | ||||||
11,446 | Countrywide Home Loans, Series 2004-2, Class 2A1, 3.22%, 2/25/34*(b) | 10,222 | ||||||
5,581 | Countrywide Home Loans, Series 2004-12, Class 10A1, 4.08%, 8/25/34*(b) | 5,543 | ||||||
16,472 | HomeBanc Mortgage Trust, Series 2006-1, Class 1A1, 3.06%, 4/25/37*(b) | 13,692 | ||||||
5,242 | JPMorgan Mortgage Trust, Series 2006-A2, Class 2A1, 3.65% (US0003M + 101 bps), 4/25/36* | 4,930 | ||||||
29,853 | JPMorgan Mortgage Trust, Series 2005-A1, Class 3A4, 4.01%, 2/25/35*(b) | 28,405 | ||||||
25,037 | JPMorgan Mortgage Trust, Series 2006-A6, Class 1A4L, 4.02%, 10/25/36*(b) | 21,146 | ||||||
235,480 | JPMorgan Mortgage Trust, Series 2005-A6, Class 3A3, 4.34%, 9/25/35*(b) | 219,723 |
7
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Adjustable Rate Mortgage Backed Securities, continued: | ||||||||
$ | 861 | Wachovia Mortgage Loan Trust LLC, Series 2005-A, Class 4A2, 4.50%, 8/20/35*(b) | $ | 81 | ||||
320,784 | ||||||||
Prime Fixed Mortgage Backed Securities (2.4%) | ||||||||
6,145 | American Home Mortgage Investment Trust, Series 2005-2, Class 5A1, 5.56%, 9/25/35*(b) | 5,578 | ||||||
15,851 | Chase Mortgage Finance Corp., Series 2007-S2, Class 2A1, 5.50%, 3/25/37* | 11,064 | ||||||
8,362 | Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35 | 8,620 | ||||||
8,640 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM1, Class 1A3, 6.75%, 7/25/34* | 9,257 | ||||||
4,654 | Countrywide Alternative Loan Trust, Series 2003-J3, Class 2A1, 6.25%, 12/25/33* | 4,718 | ||||||
2,415 | Countrywide Home Loans, Series 2004-J6, Class 1A2, 5.25%, 8/25/24* | 2,378 | ||||||
9,491 | Countrywide Home Loans, Series 2005-29, Class A1, 5.75%, 12/25/35* | 7,465 | ||||||
4,023 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-1, Class 4A1, 5.00%, 12/31/99* | 4,152 | ||||||
24,103 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-27, Class 8A1, 6.00%, 11/25/33* | 25,291 | ||||||
8,511 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33* | 8,929 | ||||||
233,490 | Flagstar Mortgage Trust, Series 2019-2, Class A3, 3.50%, 12/25/49*(a)(b) | 234,050 | ||||||
91,886 | Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56*(a)(b) | 93,692 | ||||||
216,927 | GSR Mortgage Loan Trust, Series 2004-13F, Class 2A1, 4.25%, 11/25/34* | 217,578 | ||||||
115 | GSR Mortgage Loan Trust, Series 2004-10F, Class 2A4, 5.00%, 8/25/19* | 115 | ||||||
855 | GSR Mortgage Loan Trust, Series 2003-2F, Class 3A1, 6.00%, 3/25/32* | 910 | ||||||
25,301 | Morgan Stanley Mortgage Loan Trust, Series 2004-3, Class 3A, 6.00%, 4/25/34* | 26,439 | ||||||
2,085 | Prime Mortgage Trust, Series 2004-CL1, Class 1A1, 6.00%, 2/25/34* | 2,189 | ||||||
53,069 | Residential Asset Mortgage Products, Inc., Series 2005-SL2, Class A3, 7.00%, 2/25/32* | 50,006 | ||||||
12,410 | Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29* | 13,010 | ||||||
127 | Structured Asset Securities Corp., Series 1997-2, Class 2A4, 7.25%, 3/28/30* | 131 | ||||||
1,356 | Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S11, Class 1A, 5.00%, 11/25/33* | 1,413 | ||||||
623 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34* | 651 | ||||||
727,636 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Subprime Mortgage Backed Securities (1.0%) | ||||||||
$ | 96,674 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58*(a)(b) | $ | 99,398 | ||||
212,852 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58*(a)(b) | 219,698 | ||||||
319,096 | ||||||||
U.S. Government Agency Mortgage Backed Securities (14.8%) | ||||||||
181 | Fannie Mae, Series 1992-45, Class F, 0.51% (T7Y ), 4/25/22 | 180 | ||||||
47,732 | Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42 | 46,441 | ||||||
78,483 | Fannie Mae, Series 2012-10, Class TA, 2.00%, 3/25/38 | 79,204 | ||||||
276,320 | Fannie Mae, Series 2012-30, Class BA, 2.00%, 6/25/41 | 284,244 | ||||||
216,599 | Fannie Mae, Series 2012-8, Class KA, 2.00%, 6/25/41 | 222,233 | ||||||
63,067 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 64,224 | ||||||
102,440 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 104,066 | ||||||
122,217 | Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40 | 127,479 | ||||||
17,105 | Fannie Mae, Series 2012-2, Class 10A1, 2.50%, 5/25/41 | 17,297 | ||||||
211,001 | Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 | 220,025 | ||||||
309,688 | Fannie Mae, Series 2015-12, Class PC, 2.50%, 7/25/44 | 317,835 | ||||||
258,239 | Fannie Mae, Series 2017-M5, Class A1, 2.74%, 4/25/29 | 279,213 | ||||||
125,581 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 133,821 | ||||||
3,410 | Fannie Mae, Series 2011-124, Class 10A1, 3.00%, 9/25/29 | 3,411 | ||||||
214,193 | Fannie Mae, Series 2012-50, Class LG, 3.00%, 9/25/40 | 218,489 | ||||||
277,490 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 294,206 | ||||||
236,464 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30 | 268,318 | ||||||
1,950 | Fannie Mae, 3.86% (US0012M + 186 bps), 1/1/37, Pool #906675 | 1,967 | ||||||
1,641 | Fannie Mae, 4.02% (US0012M + 162 bps), 9/1/33, Pool #739372 | 1,651 | ||||||
144 | Fannie Mae, 6.00%, 4/1/35, Pool #735503 | 167 | ||||||
42 | Fannie Mae, Series 1990-89, Class K, 6.50%, 7/25/20 | 42 | ||||||
1,011 | Fannie Mae, Series 2001-55, Class PC, 6.50%, 10/25/31 | 1,183 | ||||||
11,477 | Fannie Mae, Series 2003-W2, Class 1A2, 7.00%, 7/25/42* | 13,871 | ||||||
472 | Fannie Mae, Series 2002-T1, Class A3, 7.50%, 11/25/31* | 576 | ||||||
876 | Fannie Mae, Series 1992-31, Class M, 7.75%, 3/25/22 | 917 | ||||||
193 | Fannie Mae, Series G-32, Class L, 8.00%, 10/25/21 | 199 | ||||||
30 | Fannie Mae, Series G-32, Class N, 8.10%, 10/25/21 | 31 |
8
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 202 | Fannie Mae, Series 1991-66, Class J, 8.13%, 6/25/21 | $ | 208 | ||||
36 | Fannie Mae, Series 1991-18, Class H, 8.50%, 3/25/21 | 37 | ||||||
10 | Fannie Mae, Series G-7, Class E, 8.90%, 3/25/21 | 10 | ||||||
42 | Freddie Mac, Series 1222, Class P, 0.24% (T10Y - 40 bps), 3/15/22* | 42 | ||||||
33,657 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 33,820 | ||||||
132,435 | Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32 | 134,911 | ||||||
112,536 | Freddie Mac, Series 3936, Class LA, 2.00%, 6/15/40 | 114,326 | ||||||
271,504 | Freddie Mac, Series 4076, Class QC, 2.00%, 11/15/41 | 274,713 | ||||||
160,090 | Freddie Mac, Series 4408, Class GA, 2.00%, 9/15/41 | 163,636 | ||||||
107,589 | Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37 | 110,624 | ||||||
293,366 | Freddie Mac, Series 3908, Class B, 2.50%, 6/15/39 | 307,782 | ||||||
102,406 | Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41 | 105,858 | ||||||
147,762 | Freddie Mac, Series 4316, Class JY, 3.00%, 1/15/44 | 157,463 | ||||||
109,430 | Freddie Mac, Series 4332, Class NH, 3.00%, 9/15/43 | 112,036 | ||||||
13,700 | Freddie Mac, 5.37% (H15T1Y + 228 bps), 8/1/34, Pool #755230 | 13,759 | ||||||
614 | Freddie Mac, Series 1136, Class H, 6.00%, 9/15/21* | 628 | ||||||
1,000 | Freddie Mac, Series 2454, Class LL, 6.25%, 4/15/32 | 1,003 | ||||||
245 | Freddie Mac, Series 1128, Class IB, 7.00%, 8/15/21* | 248 | ||||||
1,128 | Freddie Mac, Series 1379, Class H, 7.00%, 10/15/22* | 1,179 | ||||||
1,103 | Freddie Mac, Series 1714, Class K, 7.00%, 4/15/24* | 1,191 | ||||||
25 | Freddie Mac, Series 1052, Class G, 7.50%, 3/15/21* | 25 | ||||||
1,365 | Freddie Mac, Series 1904, Class D, 7.50%, 10/15/26* | 1,542 | ||||||
144 | Freddie Mac, Series 1119, Class H, 7.75%, 8/15/21* | 148 | ||||||
1,411 | Freddie Mac, Series 1281, Class I, 8.00%, 5/15/22* | 1,475 | ||||||
2,081 | Freddie Mac, Series 1310, Class J, 8.00%, 6/15/22* | 2,194 | ||||||
26,394 | Government National Mortgage Assoc., Series 2013-104, Class DC, 2.00%, 4/20/40 | 26,667 | ||||||
77,946 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 79,839 | ||||||
62,046 | Government National Mortgage Assoc., Series 2010-69, Class MC, 2.50%, 4/20/40 | 63,006 | ||||||
34,403 | Government National Mortgage Assoc., Series 2010-98, Class CH, 3.00%, 10/20/39 | 35,390 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 45,443 | Government National Mortgage Assoc., Series 2010-98, Class MG, 3.00%, 8/20/39 | $ | 46,682 | ||||
5,233 | Government National Mortgage Assoc., 7.00%, 3/15/26, Pool #419128 | 5,254 | ||||||
70 | Government National Mortgage Assoc., 7.00%, 3/20/27, Pool #2394 | 79 | ||||||
800 | Government National Mortgage Assoc., 8.00%, 5/15/23, Pool #343406 | 803 | ||||||
425 | Government National Mortgage Assoc., 8.00%, 10/20/24, Pool #1884 | 459 | ||||||
54 | Government National Mortgage Assoc., 8.00%, 2/20/26, Pool #2171 | 60 | ||||||
123 | Government National Mortgage Assoc., 8.00%, 3/20/26, Pool #2187 | 133 | ||||||
1,426 | Government National Mortgage Assoc., 8.00%, 4/20/26, Pool #2205 | 1,559 | ||||||
3,770 | Government National Mortgage Assoc., 8.00%, 5/20/26, Pool #2219 | 4,179 | ||||||
4,504,258 | ||||||||
Total Mortgage Backed Securities | 6,780,408 | |||||||
Corporate Bonds (32.0%) | ||||||||
Banks (2.4%) | ||||||||
385,000 | Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 * | 408,810 | ||||||
290,000 | Wells Fargo & Co., 3.00%, 10/23/26 | 309,282 | ||||||
718,092 | ||||||||
Beverages (4.0%) | ||||||||
600,000 | Keurig Dr Pepper, Inc., 3.20%, 5/1/30, Callable 2/1/30 @ 100 * | 653,368 | ||||||
300,000 | Keurig Dr Pepper, Inc., 3.55%, 5/25/21 | 308,444 | ||||||
240,000 | PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @ 100 * | 264,917 | ||||||
1,226,729 | ||||||||
Capital Markets (2.8%) | ||||||||
290,000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 * | 312,589 | ||||||
925,350 | Preferred Term Securities XX, Class B2, 1.19% (US0003M + 45 bps), 3/22/38, Callable 7/7/20 @ 100 *(a) | 564,463 | ||||||
877,052 | ||||||||
Consumer Finance (2.2%) | ||||||||
650,000 | Toyota Motor Credit Corp., 1.35%, 8/25/23, MTN | 656,005 | ||||||
Diversified Financial Services (2.3%) | ||||||||
350,000 | BP Capital Markets America, Inc., 2.75%, 5/10/23 | 367,782 | ||||||
300,000 | National Rural Utilities Cooperative Finance Corp., 3.25%, 11/1/25, Callable 8/1/25 @ 100, MTN * | 329,713 | ||||||
697,495 | ||||||||
Diversified Telecommunication Services (1.6%) | ||||||||
450,000 | AT&T, Inc., 3.40%, 5/15/25, Callable 2/15/25 @ 100 * | 485,892 | ||||||
Electric Utilities (1.7%) | ||||||||
275,000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 * | 294,853 | ||||||
220,000 | Georgia Power Co., 2.40%, 4/1/21, Callable 3/1/21 @ 100 * | 222,900 | ||||||
517,753 |
9
CAVANAL HILL FUNDS
Moderate Duration Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Entertainment (1.8%) | ||||||||
$ | 215,000 | Walt Disney Co. (The), 2.00%, 9/1/29, Callable 6/1/29 @ 100 * | $ | 217,848 | ||||
300,000 | Walt Disney Co. (The), 3.35%, 3/24/25 | 330,365 | ||||||
548,213 | ||||||||
Equity Real Estate Investment Trusts (0.7%) | ||||||||
196,199 | JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a) | 205,010 | ||||||
Food Products (3.5%) | ||||||||
300,000 | Archer-Daniels-Midland Co., 3.25%, 3/27/30, Callable 12/27/29 @ 100 * | 339,284 | ||||||
350,000 | Campbell Soup Co., 3.95%, 3/15/25, Callable 1/15/25 @ 100 * | 388,632 | ||||||
300,000 | Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a) | 340,265 | ||||||
1,068,181 | ||||||||
Health Care Providers & Services (1.4%) | ||||||||
370,000 | Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 * | 413,021 | ||||||
Hotels, Restaurants & Leisure (1.3%) | ||||||||
420,000 | Royal Caribbean Cruises, Ltd., 2.65%, 11/28/20 | 407,580 | ||||||
Industrial Conglomerates (1.3%) | ||||||||
375,000 | General Electric Co., 3.10%, 1/9/23 | 386,395 | ||||||
Insurance (2.0%) | ||||||||
300,000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (a) | 311,496 | ||||||
300,000 | New York Life Global Funding, 3.25%, 8/6/21 (a) | 309,807 | ||||||
621,303 | ||||||||
Media (1.0%) | ||||||||
275,000 | Comcast Corp., 3.30%, 2/1/27, Callable 11/1/26 @ 100 * | 306,478 | ||||||
Semiconductors & Semiconductor Equipment (0.7%) | ||||||||
225,000 | Applied Materials, Inc., 1.75%, 6/1/30, Callable 3/1/30 @ 100 * | 224,548 | ||||||
Technology Hardware, Storage & Peripherals (1.3%) | ||||||||
350,000 | Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100 * | 394,944 | ||||||
Total Corporate Bonds | 9,754,691 | |||||||
Taxable Municipal Bonds (10.7%) | ||||||||
Alabama (1.0%) | ||||||||
300,000 | The Water Works Board City of Birmingham Revenue, 2.60%, 1/1/27 | 317,652 | ||||||
California (2.1%) | ||||||||
600,000 | Riverside Unified School District, GO, 2.27%, 2/1/25 | 620,305 |
Shares or Principal Amount | Security Description | Value | ||||||
Taxable Municipal Bonds, continued: | ||||||||
Missouri (0.5%) | ||||||||
$ | 165,000 | Hanley Road Corridor Transnational Development Missouri Transnational Tax Revenue, Build America Bonds, GO, 7.50%, 10/1/39, Continuously Callable @100 | $ | 165,584 | ||||
New York (2.0%) | ||||||||
300,000 | New York City Housing Development Corp. Revenue, Series L, 2.84%, 11/1/28, Continuously Callable @100 | 313,734 | ||||||
300,000 | New York City Transitional Finance Authority Revenue, 2.63%, 11/1/29 | 311,892 | ||||||
625,626 | ||||||||
Rhode Island (1.5%) | ||||||||
400,000 | Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25 | 423,648 | ||||||
Texas (1.0%) | ||||||||
300,000 | Midland County Fresh Water Supply District No. 1 Revenue, 2.37%, 9/15/26 | 307,824 | ||||||
Utah (0.9%) | ||||||||
300,000 | Utah Transit Authority Revenue, 2.04%, 12/15/31, Continuously Callable @100 | 287,688 | ||||||
Wisconsin (1.7%) | ||||||||
465,000 | Public Financial Authority Wisconsin Revenue, 4.45%, 10/1/25, Insured by: AGC | 489,519 | ||||||
Total Taxable Municipal Bonds | 3,237,846 | |||||||
U.S. Treasury Obligations (23.0%) | ||||||||
U.S. Treasury Bills | ||||||||
1,000,000 | 0.15%, 10/1/20 (c) | 999,441 | ||||||
U.S. Treasury Notes | ||||||||
600,000 | 0.50%, 3/15/23 | 605,273 | ||||||
3,166,000 | 1.38%, 10/15/22 | 3,255,662 | ||||||
1,983,000 | 2.00%, 4/30/24 | 2,118,712 | ||||||
5,979,647 | ||||||||
Total U.S. Treasury Obligations | 6,979,088 | |||||||
Investment in Affiliates (4.7%) | ||||||||
1,427,917 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(d) | 1,427,917 | ||||||
Total Investment in Affiliates | 1,427,917 | |||||||
Total Investments (Cost $29,993,808) - 99.7% | 30,306,999 | |||||||
Other assets in excess of liabilities — 0.3% | 92,085 | |||||||
Net Assets - 100.0% | $ | 30,399,084 |
(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 May 31, 2020. |
(c) | Rate represents the effective yield at purchase. |
(d) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2020. |
* | 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. |
AGC | Assured Guaranty Corporation |
GO | General Obligation |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
MTN | Medium Term Note |
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 |
10
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (5.6%) | ||||||||
$ | 964,783 | AccessLex Institute, Series 2007-1, Class C, 1.39% (US0003M + 40 bps), 10/25/35* | $ | 824,596 | ||||
75,117 | American Credit Acceptance Receivables Trust, Series 2017-4, Class C, 2.94%, 1/10/24*(a) | 75,153 | ||||||
23,893 | Bear Stearns Asset Backed Securities, Inc., Series 2003-AC7, Class A1, 5.50%, 1/25/34*(b) | 24,083 | ||||||
494,212 | Corevest American Finance Trust, Series 2019-1, Class A, 3.32%, 3/15/52(a) | 506,268 | ||||||
399,236 | Exeter Automobiles Receivables Trust, Series 2018-3A, Class B, 3.46%, 10/17/22*(a) | 400,031 | ||||||
1,000,000 | Insite Issuer LLC, Series 2016-1A, Class A, 2.88%, 11/15/46*(a) | 981,157 | ||||||
89 | RAAC, Series 2004-SP1, Class AI4, 5.29%, 8/25/27*(b) | 89 | ||||||
415,000 | Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 3/20/45*(a) | 421,093 | ||||||
938,125 | Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44*(a) | 962,003 | ||||||
42,547 | Structured Asset Securities Corp., Series 2003-AL2, Class A, 3.36%, 1/25/31*(a) | 41,367 | ||||||
399,325 | UBS Commercial Mortgage Trust, Series 2018-C10, Class A1, 3.18%, 5/15/51 | 408,229 | ||||||
498,525 | Vantage Data Centers Issuer LLC, Series 2018-1A, Class A2, 4.07%, 2/16/43*(a) | 504,061 | ||||||
Total Asset Backed Securities | 5,148,130 | |||||||
Mortgage Backed Securities† (22.6%) | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities (1.2%) | ||||||||
1,010,459 | Bear Stearns Alternative-A Trust, Series 2005-7, Class 11A1, 0.71% (US0001M + 54 bps), 8/25/35* | 998,320 | ||||||
68,244 | Bear Stearns Alternative-A Trust, Series 2006-6, Class 32A1, 3.77%, 11/25/36*(b) | 43,926 | ||||||
13,957 | JPMorgan Alternative Loan Trust, Series 2006-S4, Class A6, 5.71%, 12/25/36*(b) | 13,595 | ||||||
1,055,841 | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (1.0%) | ||||||||
13,034 | Bank of America Alternative Loan Trust, Series 2005-9, Class 1CB3, 5.50%, 10/25/35* | 12,522 | ||||||
16,246 | Bank of America Alternative Loan Trust, Series 2006-4, Class CB1, 6.50%, 5/25/46* | 16,047 | ||||||
37,721 | Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35* | 33,691 | ||||||
25,144 | Chaseflex Trust, Series 2007-1, Class 1A3, 6.50%, 2/25/37* | 13,826 | ||||||
66,937 | Countrywide Alternative Loan Trust, Series 2005-46CB, Class A3, 5.50%, 10/25/35* | 56,684 | ||||||
34,447 | Countrywide Alternative Loan Trust, Series 2006-8T1, Class 2A3, 5.50%, 4/25/36* | 32,466 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 10,046 | Countrywide Alternative Loan Trust, Series 2004-22CB, Class 1A1, 6.00%, 10/25/34* | $ | 10,437 | ||||
27,223 | Countrywide Alternative Loan Trust, Series 2006-8T1, Class 1A4, 6.00%, 4/25/36* | 19,357 | ||||||
190,301 | Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A7, 6.00%, 5/25/37* | 112,055 | ||||||
200,945 | Countrywide Alternative Loan Trust, Series 2006-36T2, Class 2A4, 6.25%, 12/25/36* | 130,633 | ||||||
10,679 | Master Alternative Loans Trust, Series 2003-8, Class 3A1, 5.50%, 12/25/33* | 10,842 | ||||||
3,662 | Master Alternative Loans Trust, Series 2004-13, Class 8A1, 5.50%, 1/25/25* | 3,651 | ||||||
25,434 | Master Alternative Loans Trust, Series 2005-3, Class 1A1, 5.50%, 4/25/35* | 25,489 | ||||||
50,771 | Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34* | 51,916 | ||||||
45,600 | Master Alternative Loans Trust, Series 2004-6, Class 10A1, 6.00%, 7/25/34* | 47,873 | ||||||
20,211 | Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34* | 21,436 | ||||||
23,350 | Master Alternative Loans Trust, Series 2005-3, Class 7A1, 6.00%, 4/25/35* | 23,458 | ||||||
4,058 | Master Alternative Loans Trust, Series 2003-7, Class 5A1, 6.25%, 11/25/33* | 4,251 | ||||||
11,073 | Master Alternative Loans Trust, Series 2004-3, Class 2A1, 6.25%, 4/25/34* | 11,348 | ||||||
18,466 | Residential Accredit Loans, Inc., Series 2006-QS5, Class A9, 6.00%, 5/25/36* | 17,027 | ||||||
223,361 | Residential Asset Securitization Trust, Series 2005-A9, Class A3, 5.50%, 7/25/35* | 181,967 | ||||||
129,573 | Residential Asset Securitization Trust, Series 2006-A2, Class A3, 6.00%, 5/25/36* | 82,936 | ||||||
919,912 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (0.3%) | ||||||||
7,188 | JPMorgan Mortgage Trust, Series 2006-A4, Class 3A1, 3.84%, 6/25/36*(b) | 5,903 | ||||||
210,609 | JPMorgan Mortgage Trust, Series 2005-A6, Class 2A4, 4.54%, 8/25/35*(b) | 201,642 | ||||||
21,571 | MLCC Mortgage Investors, Inc., Series 2004-HB1, Class A3, 3.27%, 4/25/29*(b) | 20,343 | ||||||
6,068 | Structured Adjustable Rate Mortgage Loan Trust, Series 2006-5, Class 4A1, 3.60%, 6/25/36*(b) | 4,786 | ||||||
430 | Wachovia Mortgage Loan Trust LLC, Series 2005-A, Class 4A2, 4.50%, 8/20/35*(b) | 40 | ||||||
232,714 | ||||||||
Prime Fixed Mortgage Backed Securities (3.2%) | ||||||||
2,954 | Chase Mortgage Finance Corp., Series 2002-S4, Class A23, 6.25%, 3/25/32* | 3,160 | ||||||
153,788 | Chaseflex Trust, Series 2006-2, Class A5, 4.60%, 9/25/36*(b) | 150,752 | ||||||
22,740 | Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35 | 23,443 |
11
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 4,000 | Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34* | $ | 4,185 | ||||
44,094 | Countrywide Home Loans, Series 2005-J1, Class 1A8, 5.50%, 2/25/35* | 43,846 | ||||||
6,949 | Countrywide Home Loans, Series 2004-18, Class A1, 6.00%, 10/25/34* | 7,235 | ||||||
6,716 | Countrywide Home Loans, Series 2004-21, Class A10, 6.00%, 11/25/34* | 7,081 | ||||||
85,851 | Countrywide Home Loans, Series 2007-J3, Class A10, 6.00%, 7/25/37* | 56,163 | ||||||
104,337 | Credit Suisse First Boston Mortgage Securities Corp., Series 2005-9, Class 3A1, 6.00%, 10/25/35* | 48,176 | ||||||
666 | Credit Suisse Mortgage Capital Certificates, Series 2006-8, Class 1A1, 4.50%, 10/25/21* | 607 | ||||||
148,663 | Deephaven Residential Mortgage Trust, Series 2018-2A, Class A1, 3.48%, 4/25/58*(a)(b) | 150,090 | ||||||
120 | First Nationwide Trust, Series 2001-3, Class 1A1, 6.75%, 8/21/31 | 127 | ||||||
778,301 | Flagstar Mortgage Trust, Series 2019-2, Class A3, 3.50%, 12/25/49*(a)(b) | 780,170 | ||||||
2,167 | GMAC Mortgage Corp. Loan Trust, Series 2003-GH2, Class A4, 5.50%, 10/25/33*(b) | 2,207 | ||||||
239,837 | JPMorgan Mortgage Trust, Series 2017-3, Class 1A5, 3.50%, 8/25/47*(a)(b) | 243,030 | ||||||
25,068 | JPMorgan Mortgage Trust, Series 2006-A2, Class 3A2, 3.65%, 4/25/36*(b) | 21,470 | ||||||
27,919 | JPMorgan Mortgage Trust, Series 2004-S2, Class 4A5, 6.00%, 11/25/34* | 27,366 | ||||||
31,741 | Morgan Stanley Mortgage Loan Trust, Series 2004-3, Class 3A, 6.00%, 4/25/34* | 33,168 | ||||||
9,421 | Nomura Asset Acceptance Corp., Series 2003-A1, Class A2, 6.00%, 5/25/33* | 9,615 | ||||||
124,547 | RAAC, Series 2004-SP2, Class A22, 6.00%, 1/25/32* | 123,700 | ||||||
186,682 | Sequoia Mortgage Trust, Series 2018-6, Class A4, 4.00%, 7/25/48*(a)(b) | 188,199 | ||||||
37,434 | TBW Mortgage Backed Pass-Through Certificates, Series 2006-2, Class 7A1, 7.00%, 7/25/36* | 7,960 | ||||||
248,039 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-3, Class 1CB5, 5.50%, 5/25/35* | 242,064 | ||||||
8,137 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB1, Class 4A, 6.00%, 6/25/34* | 8,582 | ||||||
55,996 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34* | 58,504 | ||||||
671,126 | WinWater Mortgage Loan Trust, Series 2015-1, Class A1, 3.50%, 1/20/45*(a)(b) | 694,724 | ||||||
2,935,624 | ||||||||
Subprime Mortgage Backed Securities (1.6%) | ||||||||
594,116 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57*(a)(b) | 609,417 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Subprime Mortgage Backed Securities, continued: | ||||||||
$ | 257,796 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58*(a)(b) | $ | 265,061 | ||||
603,081 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58*(a)(b) | 622,477 | ||||||
1,496,955 | ||||||||
U.S. Government Agency Mortgage Backed Securities (15.3%) | ||||||||
213,965 | Fannie Mae, Series 2010-102, Class PE, 2.00%, 9/25/40 | 219,017 | ||||||
130,805 | Fannie Mae, Series 2012-10, Class TA, 2.00%, 3/25/38 | 132,006 | ||||||
361,750 | Fannie Mae, Series 2012-111, Class EC, 2.00%, 12/25/41 | 370,497 | ||||||
653,222 | Fannie Mae, Series 2012-30, Class BA, 2.00%, 6/25/41 | 671,953 | ||||||
678,756 | Fannie Mae, Series 2012-83, Class AH, 2.00%, 11/25/41 | 693,341 | ||||||
340,562 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 346,807 | ||||||
261,554 | Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43 | 270,185 | ||||||
346,093 | Fannie Mae, Series 2012-30, Class CB, 2.25%, 10/25/41 | 356,349 | ||||||
128,050 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 130,083 | ||||||
622,257 | Fannie Mae, Series 2, Class JD, 2.50%, 2/25/50 | 645,032 | ||||||
204,231 | Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40 | 213,024 | ||||||
340,367 | Fannie Mae, Series 2012-111, Class QC, 2.50%, 5/25/42 | 354,875 | ||||||
34,210 | Fannie Mae, Series 2012-2, Class 10A1, 2.50%, 5/25/41 | 34,594 | ||||||
158,251 | Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 | 165,019 | ||||||
954,561 | Fannie Mae, Series 2017-M5, Class A1, 2.74%, 4/25/29 | 1,032,091 | ||||||
135,763 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 144,671 | ||||||
3,410 | Fannie Mae, Series 2011-124, Class 10A1, 3.00%, 9/25/29 | 3,411 | ||||||
651,525 | Fannie Mae, Series 2014-33, Class PE, 3.00%, 4/25/43 | 689,294 | ||||||
157,615 | Fannie Mae, Series 2014-72, Class KA, 3.00%, 10/25/44 | 165,436 | ||||||
556,921 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 590,470 | ||||||
803,979 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30 | 912,283 | ||||||
929,037 | Fannie Mae, Series 2018-M13, Class A1, 3.70%, 3/25/30(b) | 1,068,268 | ||||||
11,803 | Fannie Mae, 3.93% (H15T1Y + 231 bps), 12/1/27, Pool #422279 | 11,931 | ||||||
46,803 | Fannie Mae, Series 2012-16, Class K, 4.00%, 10/25/41 | 50,589 | ||||||
337 | Fannie Mae, 5.00%, 8/1/33, Pool #730856 | 387 | ||||||
178 | Fannie Mae, 5.00%, 7/1/35, Pool #832198 | 203 | ||||||
230 | Fannie Mae, 5.50%, 2/1/33, Pool #683351 | 263 |
12
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 138 | Fannie Mae, 5.50%, 9/1/34, Pool #725773 | $ | 161 | ||||
2,173 | Fannie Mae, Series 1998-36, Class ZB, 6.00%, 7/18/28 | 2,445 | ||||||
1,000 | Fannie Mae, Series 1994-51, Class LL, 6.75%, 3/25/24 | 1,082 | ||||||
4,528 | Fannie Mae, Series 1993-82, Class H, 7.00%, 5/25/23 | 4,794 | ||||||
1,655 | Fannie Mae, Series 1991-171, Class J, 8.00%, 12/25/21 | 1,725 | ||||||
34,792 | Fannie Mae Whole Loan, Series 2003-W6, Class 6A, 4.03%, 8/25/42*(b) | 36,659 | ||||||
16,720 | Fannie Mae Whole Loan, Series 2002-W11, Class AF5, 5.48%, 11/25/32*(b) | 19,246 | ||||||
74,046 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 74,405 | ||||||
225,071 | Freddie Mac, Series 3936, Class LA, 2.00%, 6/15/40 | 228,651 | ||||||
118,832 | Freddie Mac, Series 3997, Class AE, 2.00%, 4/15/40 | 120,340 | ||||||
206,887 | Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41 | 212,709 | ||||||
179,314 | Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37 | 184,373 | ||||||
700,495 | Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41 | 721,219 | ||||||
208,047 | Freddie Mac, Series 4009, Class PK, 2.50%, 6/15/41* | 215,696 | ||||||
436,871 | Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41 | 451,596 | ||||||
221,643 | Freddie Mac, Series 4316, Class JY, 3.00%, 1/15/44 | 236,195 | ||||||
260,102 | Freddie Mac, Series 4348, Class A, 3.00%, 6/15/39 | 275,334 | ||||||
188,098 | Freddie Mac, Series 3721, Class PE, 3.50%, 9/15/40 | 204,893 | ||||||
66,590 | Freddie Mac, Series 3780, Class MK, 3.50%, 10/15/40 | 71,494 | ||||||
4,232 | Freddie Mac, 3.62% (H15T1Y + 213 bps), 4/1/24, Pool #409624 | 4,258 | ||||||
1,196 | Freddie Mac, Series 2610, Class VB, 5.50%, 7/15/24 | 1,275 | ||||||
217 | Freddie Mac, 6.00%, 7/1/35, Pool #A36085 | 241 | ||||||
1,725 | Freddie Mac, Series 2148, Class ZA, 6.00%, 4/15/29 | 1,955 | ||||||
1,042 | Freddie Mac, 6.50%, 2/1/36, Pool #G08113 | 1,233 | ||||||
12,456 | Freddie Mac, Series 2036, Class PD, 6.50%, 3/15/28 | 14,136 | ||||||
514 | Freddie Mac, Series 2278, Class H, 6.50%, 1/15/31 | 560 | ||||||
1,490 | Freddie Mac, Series 1281, Class I, 8.00%, 5/15/22* | 1,558 | ||||||
168,882 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 172,984 | ||||||
495,970 | Government National Mortgage Assoc., Series 2009-94, Class KB, 3.00%, 9/16/39 | 526,805 | ||||||
186,784 | Government National Mortgage Assoc., Series 2011-46, Class GJ, 3.25%, 1/16/41(b) | 200,112 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 733,808 | Government National Mortgage Assoc., Series 2019-85, Class MP, 3.50%, 6/20/49 | $ | 766,913 | ||||
31,816 | Government National Mortgage Assoc., Series 2009-93, Class HG, 4.00%, 9/16/39 | 34,231 | ||||||
1,952 | Government National Mortgage Assoc., 7.00%, 9/15/23, Pool #347688 | 2,045 | ||||||
9,732 | Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #490215 | 10,986 | ||||||
3,640 | Government National Mortgage Assoc., 7.50%, 11/15/23, Pool #354701 | 3,894 | ||||||
84 | Government National Mortgage Assoc., 9.00%, 7/15/21, Pool #308511 | 84 | ||||||
14,078,366 | ||||||||
Total Mortgage Backed Securities | 20,719,412 | |||||||
Corporate Bonds (30.5%) | ||||||||
Banks (2.9%) | ||||||||
1,320,000 | Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 * | 1,401,634 | ||||||
1,300,000 | Wells Fargo & Co., 3.00%, 10/23/26 | 1,386,439 | ||||||
2,788,073 | ||||||||
Beverages (3.1%) | ||||||||
1,000,000 | Keurig Dr Pepper, Inc., 3.20%, 5/1/30, Callable 2/1/30 @ 100 * | 1,088,947 | ||||||
745,000 | Keurig Dr Pepper, Inc., 4.42%, 5/25/25, Callable 3/25/25 @ 100 * | 848,762 | ||||||
800,000 | PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @ 100 * | 883,057 | ||||||
2,820,766 | ||||||||
Capital Markets (1.8%) | ||||||||
1,300,000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 * | 1,401,262 | ||||||
200,000 | Intercontinental Exchange, Inc., 3.10%, 9/15/27, Callable 6/15/27 @ 100 * | 217,905 | ||||||
1,619,167 | ||||||||
Diversified Financial Services (1.7%) | ||||||||
600,000 | BP Capital Markets America, Inc., 2.75%, 5/10/23 | 630,483 | ||||||
850,000 | Korea Development Bank, 2.75%, 3/19/23 | 887,588 | ||||||
1,518,071 | ||||||||
Diversified Telecommunication Services (1.7%) | ||||||||
1,250,000 | AT&T, Inc., 5.25%, 3/1/37, Callable 9/1/36 @ 100 * | 1,527,975 | ||||||
Electric Utilities (1.2%) | ||||||||
1,000,000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 * | 1,072,192 | ||||||
Entertainment (0.8%) | ||||||||
715,000 | Walt Disney Co. (The), 2.00%, 9/1/29, Callable 6/1/29 @ 100 * | 724,470 | ||||||
Equity Real Estate Investment Trusts (0.3%) | ||||||||
294,299 | JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a) | 307,514 | ||||||
Food Products (3.7%) | ||||||||
1,025,000 | Campbell Soup Co., 3.95%, 3/15/25, Callable 1/15/25 @ 100 * | 1,138,134 | ||||||
1,150,000 | Conagra Brands, Inc., 4.85%, 11/1/28, Callable 8/1/28 @ 100 * | 1,365,997 |
13
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Food Products, continued: | ||||||||
$ | 825,000 | Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 *(a) | $ | 935,729 | ||||
3,439,860 | ||||||||
Health Care Providers & Services (3.3%) | ||||||||
925,000 | Montefiore Medical Center, 2.15%, 10/20/26, Callable 4/20/26 @ 100 * | 954,853 | ||||||
1,050,000 | Partners Healthcare Syst, Inc., Series 2020, 3.19%, 7/1/49, Callable 1/1/49 @ 100 * | 1,068,963 | ||||||
890,000 | Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 * | 993,483 | ||||||
3,017,299 | ||||||||
Hotels, Restaurants & Leisure (0.9%) | ||||||||
345,000 | Royal Caribbean Cruises, 5.25%, 11/15/22 | 286,350 | ||||||
555,000 | Starbucks Corp., 3.75%, 12/1/47, Callable 6/1/47 @ 100 * | 583,446 | ||||||
869,796 | ||||||||
Industrial Conglomerates (1.3%) | ||||||||
1,120,000 | General Electric Co., 3.10%, 1/9/23 | 1,154,034 | ||||||
Insurance (2.4%) | ||||||||
1,100,000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (a) | 1,142,151 | ||||||
1,000,000 | New York Life Global Funding, 2.88%, 4/10/24 (a) | 1,070,894 | ||||||
2,213,045 | ||||||||
IT Services (1.2%) | ||||||||
1,000,000 | International Business Machines Corp., 3.50%, 5/15/29 | 1,140,742 | ||||||
Semiconductors & Semiconductor Equipment (1.2%) | ||||||||
700,000 | Applied Materials, Inc., 1.75%, 6/1/30, Callable 3/1/30 @ 100 * | 698,594 | ||||||
325,000 | Intel Corp., 3.25%, 11/15/49, Callable 5/15/49 @ 100 * | 359,771 | ||||||
1,058,365 | ||||||||
Specialty Retail (1.4%) | ||||||||
1,000,000 | Lowe's Cos., Inc., 4.50%, 4/15/30, Callable 1/15/30 @ 100 * | 1,203,608 | ||||||
Technology Hardware, Storage & Peripherals (1.6%) | ||||||||
1,300,000 | Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100 * | 1,466,935 | ||||||
Total Corporate Bonds | 27,941,912 | |||||||
Taxable Municipal Bonds (10.9%) | ||||||||
Georgia (2.2%) | ||||||||
1,955,000 | State of Georgia, Build America Bonds, GO, Series H, 4.50%, 11/1/25 | 2,139,512 | ||||||
Kentucky (0.8%) | ||||||||
750,000 | Lexington-Fayette Urban County Airport Board Corp. Revenue, 2.84%, 7/1/31 | 743,880 | ||||||
Missouri (0.3%) | ||||||||
235,000 | Hanley Road Corridor Transnational Development Missouri Transnational Tax Revenue, Build America Bonds, GO, 7.50%, 10/1/39, Continuously Callable @100 | 235,832 |
Shares or Principal Amount | Security Description | Value | ||||||
Taxable Municipal Bonds, continued: | ||||||||
New York (1.5%) | ||||||||
$ | 1,260,000 | New York City Transitional Finance Authority Revenue, Series F-3, 3.21%, 5/1/29, Continuously Callable @100 | $ | 1,346,096 | ||||
Oklahoma (2.6%) | ||||||||
500,000 | Grand River Dam Authority Revenue, Series B, 4.55%, 6/1/39, Continuously Callable @100 | 524,095 | ||||||
1,650,000 | University of Oklahoma Health Sciences Center General Revenue, Series A, 3.87%, 7/1/32, Continuously Callable @100 | 1,795,794 | ||||||
2,319,889 | ||||||||
Pennsylvania (1.4%) | ||||||||
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 | 1,290,431 | ||||||
Texas (2.1%) | ||||||||
740,000 | Country of Galveston Texas, Build America Bonds, GO, 5.91%, 2/1/29 | 876,767 | ||||||
785,000 | Texas Transportation Commission State Highway Fund Revenue, 5.18%, 4/1/30 | 1,000,098 | ||||||
1,876,865 | ||||||||
Total Taxable Municipal Bonds | 9,952,505 | |||||||
U.S. Government Agency Securities (1.1%) | ||||||||
Federal Farm Credit Bank | ||||||||
1,000,000 | 1.35%, 4/21/26, Callable 7/21/20 @ 100 * | 999,999 | ||||||
Total U.S. Government Agency Securities | 999,999 | |||||||
U.S. Treasury Obligations (23.6%) | ||||||||
U.S. Treasury Bonds | ||||||||
6,075,000 | 2.25%, 8/15/46 | 7,204,096 | ||||||
U.S. Treasury Notes | ||||||||
6,314,000 | 1.38%, 10/15/22 | 6,492,814 | ||||||
3,522,000 | 2.00%, 4/30/24 | 3,763,037 | ||||||
3,683,000 | 2.25%, 2/15/27 | 4,115,753 | ||||||
14,371,604 | ||||||||
Total U.S. Treasury Obligations | 21,575,700 | |||||||
Investment Companies (1.1%) | ||||||||
7,710 | iShares Iboxx $ Investment Grade Corporate Bond ETF | 1,017,874 | ||||||
Total Investment Companies | 1,017,874 | |||||||
Investment in Affiliates (5.7%) | ||||||||
5,232,195 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(c) | 5,232,195 | ||||||
Total Investment in Affiliates | 5,232,195 | |||||||
Total Investments (Cost $87,150,274) - 101.1% | 92,587,727 | |||||||
Liabilities in excess of other assets — (1.1)% | (1,002,670 | ) | ||||||
Net Assets - 100.0% | $ | 91,585,057 |
14
CAVANAL HILL FUNDS
Bond Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(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 May 31, 2020. |
(c) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2020. |
* | 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 |
ETF | Exchange Traded Fund |
GO | General Obligation |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
US0001M | 1 Month US Dollar LIBOR |
US0003M | 3 Month US Dollar LIBOR |
15
CAVANAL HILL FUNDS
Strategic Enhanced Yield Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities (8.0%) | ||||||||
$ | 32,250 | Bayview Financial Mortgage Pass, Series 2005-D, Class AF4, 5.50%, 12/28/35*(a) | $ | 31,437 | ||||
45,975 | Bayview Opportunity Master Fund Trust, Series 2017-RT1, Class A1, 3.00%, 3/28/57*(a)(b) | 46,602 | ||||||
310,536 | Bear Stearns Structured Products Trust, Series 2007-EMX1, Class A2, 1.47% (US0001M + 130 bps), 3/25/37* | 306,593 | ||||||
34,542 | Centex Home Equity Loan Trust, Series 2002-A, Class AF6, 5.54%, 1/25/32* | 35,114 | ||||||
58,976 | Centex Home Equity Loan Trust, Series 2005-A, Class AF5, 5.78%, 1/25/35*(a) | 58,986 | ||||||
11,103 | Countrywide Asset-Backed Certificates Trust, Series 2004-13, Class AF5B, 5.10%, 5/25/35*(a) | 11,173 | ||||||
81,877 | CWABS Asset-Backed Certificates Trust, Series 2005-11, Class AF4, 5.21%, 3/25/34*(a) | 82,092 | ||||||
50,000 | GSAA Home Equity Trust, Series 2005-1, Class M1, 5.30%, 11/25/34*(a) | 50,855 | ||||||
359,359 | MASTR Asset Backed Securities Trust, Series 2004-FRE1, Class M6, 2.27% (US0001M + 210 bps), 7/25/34* | 355,028 | ||||||
102,725 | Popular ABS Mortgage Pass-Through Trust, Series 2005-3, Class AV1B, 0.43% (US0001M + 26 bps), 7/25/35* | 102,648 | ||||||
36,877 | Residential Asset Mortgage, Series 2004-RS12, Class MI1, 5.67%, 12/25/34*(a) | 37,810 | ||||||
49,423 | Residential Asset Securities Corp., Series 2004-KS8, Class MI1, 5.34%, 9/25/34*(a) | 50,435 | ||||||
149,272 | Specialty Underwriting & Residential Finance, Series 2003-BC4, Class A3B, 4.79%, 11/25/34*(a) | 149,178 | ||||||
Total Asset Backed Securities | 1,317,951 | |||||||
Mortgage Backed Securities† (30.5%) | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (7.1%) | ||||||||
28,211 | Bear Stearns Asset-Backed Securities I Trust, Series 2004-AC3, Class A1, 5.75%, 6/25/34*(a) | 28,333 | ||||||
22,302 | Countrywide Alternative Loan Trust, Series 2004-16CB, Class 1A1, 5.50%, 7/25/34* | 23,050 | ||||||
25,652 | Countrywide Alternative Loan Trust, Series 2004-16CB, Class 3A1, 5.50%, 8/25/34* | 26,556 | ||||||
125,107 | Countrywide Alternative Loan Trust, Series 2003-22CB, Class 1A1, 5.75%, 12/25/33* | 130,177 | ||||||
77,255 | Countrywide Alternative Loan Trust, Series 2004-16CB, Class 4A3, 6.00%, 8/25/34* | 79,283 | ||||||
47,660 | Countrywide Alternative Loan Trust, Series 2004-J2, Class 2A1, 6.50%, 3/25/34* | 49,018 | ||||||
15,863 | MASTR Alternative Loans Trust, Series 2004-11, Class 6A1, 5.50%, 10/25/34* | 16,214 | ||||||
132,363 | MASTR Alternative Loans Trust, Series 2004-7, Class 1A1, 5.50%, 7/25/34* | 138,372 | ||||||
156,034 | MASTR Alternative Loans Trust, Series 2003-3, Class 2A5, 6.00%, 5/25/33* | 163,277 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 52,265 | MASTR Alternative Loans Trust, Series 2004-5, Class 2A1, 6.00%, 6/25/34* | $ | 54,359 | ||||
330,000 | Residential Asset Securitization Trust, Series 2003-A7, Class A8, 5.00%, 7/25/33* | 333,804 | ||||||
94,000 | Residential Asset Securitization Trust, Series 2003-A10, Class A2, 5.20%, 9/25/33* | 95,582 | ||||||
25,967 | Structured Asset Securities Corp., Series 2004-4XS, Class A3A, 5.15%, 2/25/34*(a) | 27,139 | ||||||
1,165,164 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (2.9%) | ||||||||
68,258 | Citigroup Mortgage Loan Trust, Inc., Series 2004-UST1, Class A5, 3.62%, 8/25/34*(a) | 64,706 | ||||||
129,297 | Impac Secured Assets CMN Owner Trust, Series 2003-3, Class A1, 4.94%, 8/25/33*(a) | 131,513 | ||||||
56,975 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-12, Class 3A2, 3.82%, 9/25/34*(a) | 56,349 | ||||||
42,475 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-8, Class 3A, 3.89%, 7/25/34*(a) | 42,192 | ||||||
175,357 | Winwater Mortgage Loan Trust, Series 2014-1, Class A1, 3.84%, 6/20/44*(a)(b) | 180,096 | ||||||
474,856 | ||||||||
Prime Fixed Mortgage Backed Securities (11.9%) | ||||||||
173,670 | Alternative Loan Trust, Series 2004-18CB, Class 4A1, 5.50%, 9/25/34* | 180,113 | ||||||
22,923 | Banc of America Funding Trust, Series 2004-3, Class 1A9, 5.50%, 10/25/34* | 24,163 | ||||||
10,568 | Citicorp Mortgage Securities Trust, Series 2006-3, Class 1A19, 5.75%, 6/25/36* | 10,375 | ||||||
12,489 | Citicorp Mortgage Securities Trust, Series 2006-3, Class 1A3, 6.25%, 6/25/36* | 12,479 | ||||||
158,714 | Countrywide Home Loans, Series 2005-6, Class 1A3, 5.15%, 4/25/35* | 166,333 | ||||||
40,000 | Countrywide Home Loans, Series 2004-10, Class A4, 5.25%, 7/25/34* | 41,063 | ||||||
130,000 | Countrywide Home Loans, Series 2004-4, Class A4, 5.25%, 5/25/34* | 129,751 | ||||||
55,000 | Countrywide Home Loans, Series 2004-9, Class A5, 5.25%, 6/25/34* | 53,083 | ||||||
322,000 | Countrywide Home Loans, Series 2005-5, Class A4, 5.40%, 3/25/35* | 325,850 | ||||||
178,789 | Countrywide Home Loans, Series 2004-4, Class A9, 5.50%, 5/25/34* | 178,732 | ||||||
67,000 | Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34* | 70,104 | ||||||
69,000 | Countrywide Home Loans, Series 2004-8, Class 1A7, 5.75%, 7/25/34* | 73,040 | ||||||
119,831 | Credit Suisse Mortgage Trust, Series 2013-IVR2, Class AD, 1.55%, 4/25/43*(a)(b) | 119,297 | ||||||
51,532 | Flagstar Mortgage Trust, Series 2017-2, Class A5, 3.50%, 10/25/47*(a)(b) | 52,350 |
16
CAVANAL HILL FUNDS
Strategic Enhanced Yield Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Prime Fixed Mortgage Backed Securities, continued: | ||||||||
$ | 72,803 | GMAC Mortgage Loan Trust, Series 2004-J2, Class A8, 5.75%, 6/25/34* | $ | 75,596 | ||||
157,227 | GSR Mortgage Loan Trust, Series 2004-10F, Class 6A1, 5.00%, 9/25/34* | 156,553 | ||||||
52,730 | JPMorgan Mortgage Trust, Series 2017-3, Class 1A6, 3.00%, 8/25/47*(a)(b) | 53,253 | ||||||
40,678 | JPMorgan Mortgage Trust, Series 2017-1, Class A5, 3.50%, 1/25/47*(a)(b) | 41,197 | ||||||
96,346 | Sequoia Mortgage Trust, Series 2013-4, Class A3, 1.55%, 4/25/43*(a) | 96,024 | ||||||
97,000 | WaMu Mortgage Pass, Series 2004-RS1, Class A3, 5.50%, 11/25/33* | 100,278 | ||||||
1,959,634 | ||||||||
U.S. Government Agency Mortgage Backed Securities (8.6%) | ||||||||
124,603 | Fannie Mae, Series 2013-56, Class GM, 2.00%, 8/25/41 | 128,341 | ||||||
109,876 | Fannie Mae, Series 2003-W14, Class 2A, 4.28%, 1/25/43*(a) | 116,207 | ||||||
230,421 | Fannie Mae, Series 2003-W13, Class AF5, 4.74%, 10/25/33*(a) | 259,234 | ||||||
166,470 | Fannie Mae, Series 2004-W3, Class A8, 5.50%, 5/25/34* | 190,849 | ||||||
70,770 | Freddie Mac, Series 4664, Class TC, 3.00%, 6/15/41 | 72,058 | ||||||
143,913 | Freddie Mac, Series 2017-SC01, Class 2A, 3.50%, 12/25/46* | 148,312 | ||||||
483,521 | Government National Mortgage Assoc., Series 2013-176, Class BE, 2.65%, 3/16/46*(a) | 499,365 | ||||||
1,414,366 | ||||||||
Total Mortgage Backed Securities | 5,014,020 | |||||||
Corporate Bonds (5.6%) | ||||||||
Sovereign Bond (2.8%) | ||||||||
450,000 | International Bank for Reconstruction & Development, 2.70%, 12/28/37, Callable 12/28/22 @ 100, MTN * | 459,215 | ||||||
Tobacco (2.8%) | ||||||||
180,000 | Altria Group, Inc., 5.95%, 2/14/49, Callable 8/14/48 @ 100 * | 233,094 |
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Tobacco, continued: | ||||||||
$ | 156,000 | Philip Morris International, Inc., 6.38%, 5/16/38 | $ | 227,960 | ||||
461,054 | ||||||||
Total Corporate Bonds | 920,269 | |||||||
U.S. Government Agency Securities (22.0%) | ||||||||
Federal Farm Credit Bank | ||||||||
150,000 | 2.00%, 5/14/40, Callable 5/14/25 @ 100 * | 149,628 | ||||||
400,000 | 2.12%, 6/4/40, Callable 6/4/21 @ 100 * | 400,164 | ||||||
230,000 | 2.13%, 5/21/40, Callable 5/21/21 @ 100 * | 230,004 | ||||||
955,000 | 2.35%, 4/16/35, Callable 4/16/21 @ 100 * | 952,120 | ||||||
1,731,916 | ||||||||
Federal Home Loan Bank | ||||||||
375,000 | 1.78%, 5/4/35, Callable 5/4/23 @ 100 * | 371,810 | ||||||
220,000 | 1.92%, 6/4/37, Callable 6/4/21 @ 100 * | 220,095 | ||||||
220,000 | 1.95%, 6/3/36, Callable 12/3/20 @ 100 * | 220,050 | ||||||
285,000 | 2.00%, 5/4/35, Callable 5/4/21 @ 100 * | 282,273 | ||||||
160,000 | 2.30%, 5/11/45, Callable 5/11/21 @ 100 * | 159,334 | ||||||
640,000 | 2.70%, 8/10/35, Callable 6/10/20 @ 100 * | 638,553 | ||||||
1,892,115 | ||||||||
Total U.S. Government Agency Securities | 3,624,031 | |||||||
U.S. Treasury Obligations (19.7%) | ||||||||
U.S. Treasury Bonds | ||||||||
1,630,000 | 1.13%, 5/15/40 | 1,616,629 | ||||||
1,680,000 | 1.25%, 5/15/50 | 1,616,475 | ||||||
3,233,104 | ||||||||
Total U.S. Treasury Obligations | 3,233,104 | |||||||
Investment in Affiliates (28.3%) | ||||||||
4,660,330 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(c) | 4,660,330 | ||||||
Total Investment in Affiliates | 4,660,330 | |||||||
Total Investments (Cost $18,611,396) - 114.1% | 18,769,705 | |||||||
Liabilities in excess of other assets — (14.1)% | (2,323,289 | ) | ||||||
Net Assets - 100.0% | $ | 16,446,416 |
(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 May 31, 2020. |
(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 May 31, 2020. |
* | 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. |
MTN | Medium Term Note |
LIBOR | London Interbank Offered Rate |
US0001M | 1 Month US Dollar LIBOR |
17
CAVANAL HILL FUNDS
Ultra Short Tax-Free Income Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Municipal Bonds (95.6%) | ||||||||
Alaska (3.1%) | ||||||||
$ | 1,000,000 | City of Valdez Alaska Revenue, Series C, 0.03%, 12/1/29, Continuously Callable @100, GTY(a) | $ | 1,000,000 | ||||
Arizona (1.6%) | ||||||||
500,000 | City of Tucson Arizona, 4.00%, 7/1/20, AGM | 501,220 | ||||||
Colorado (4.6%) | ||||||||
1,150,000 | City of Colorado Springs, Colorado Variable Rate Demand Utilities System Improvement Revenue, Series C, 0.14%, 11/1/40, Continuously Callable @100, Barclays Bank(a) | 1,150,000 | ||||||
325,000 | Colorado State Education Loan Program Revenue, Series A, 3.00%, 6/29/20 | 325,629 | ||||||
1,475,629 | ||||||||
Connecticut (2.9%) | ||||||||
700,000 | State of Connecticut Special Tax Revenue Revenue, Series A, 5.00%, 9/1/20 | 707,322 | ||||||
225,000 | State of Connecticut, GO, Series F, 5.00%, 11/15/20 | 229,437 | ||||||
936,759 | ||||||||
Florida (3.3%) | ||||||||
1,050,000 | Palm Beach County Revenue, 0.14%, 7/1/32, Callable 7/1/20 @ 100, Northern Trust Co*(a) | 1,050,000 | ||||||
Illinois (8.8%) | ||||||||
1,100,000 | Channahon Illinois, Morris Hospital Revenue, 0.14%, 12/1/34, Continuously Callable @100, U.S. Bank NA(a) | 1,100,000 | ||||||
1,095,000 | Illinois State Finance Authority Revenue, Series C, 0.11%, 2/15/33, Continuously Callable @100, Northern Trust Co.(a) | 1,095,000 | ||||||
250,000 | Knox & Warren Counties Community Unit School District No 205 Galesburg, GO, Series B, 4.00%, 12/1/20 | 254,365 | ||||||
170,000 | Sycamore Park District, GO, Series A, 2.00%, 12/15/20, BAM | 171,418 | ||||||
200,000 | Village of Morton Grove Illinois, GO, 5.00%, 12/15/20 | 205,098 | ||||||
2,825,881 | ||||||||
Indiana (1.3%) | ||||||||
415,000 | Lafayette School Corp., GO, 4.00%, 7/15/20, ST INTERCEPT | 416,528 | ||||||
Iowa (0.8%) | ||||||||
250,000 | College Community School District, GO, Series B, 3.00%, 6/1/20 | 250,011 | ||||||
Kansas (3.0%) | ||||||||
440,000 | City of Wichita Kansas, GO, Series 824, 4.50%, 6/1/20 | 440,038 | ||||||
500,000 | Riley County Unified School District No 383 Manhattan-Ogden, GO, 3.00%, 9/1/20 | 502,980 | ||||||
943,018 | ||||||||
Kentucky (2.5%) | ||||||||
300,000 | Hardin County School District Finance Corp. Revenue, Series B, 2.00%, 6/1/20, ST INTERCEPT | 300,004 |
Shares or Principal Amount | Security Description | Value | ||||||
Municipal Bonds, continued: | ||||||||
Kentucky, continued: | ||||||||
$ | 135,000 | Kenton County School District Finance Corp. Revenue, 2.50%, 6/1/20, ST INTERCEPT | $ | 135,003 | ||||
215,000 | Letcher County School District Finance Corp. Revenue, 3.00%, 6/1/20, ST INTERCEPT | 215,008 | ||||||
160,000 | Trigg County School District Finance Corp. Revenue, 2.25%, 11/1/20, ST INTERCEPT | 161,003 | ||||||
811,018 | ||||||||
Louisiana (2.9%) | ||||||||
935,000 | Louisiana Public Facilities Authority Revenue, Series B-3, 0.15%, 7/1/47, Continuously Callable @100, BNY(a) | 935,000 | ||||||
Minnesota (3.4%) | ||||||||
1,100,000 | City of Minneapolis MN Revenue, Series B, 0.12%, 12/1/27, Callable 7/1/20 @ 100*(a) | 1,100,000 | ||||||
Mississippi (2.5%) | ||||||||
800,000 | Mississippi State Business Finance Commission Gulf Opportunity Zone Revenue, Series C, 0.06%, 12/1/30, Callable 7/1/20 @ 100, GTY*(a) | 800,000 | ||||||
Missouri (2.5%) | ||||||||
800,000 | Missouri Public Utilities Commission Revenue, 1.50%, 3/1/21, Continuously Callable @100 | 802,087 | ||||||
Nevada (3.9%) | ||||||||
1,000,000 | County of Clark Nevada Industrial Development Revenue, Series A, 0.16%, 12/1/39, Continuously Callable @100, Bank of America(a) | 1,000,000 | ||||||
250,000 | County of Clark NV Revenue, 5.00%, 7/1/20 | 250,842 | ||||||
1,250,842 | ||||||||
New Jersey (1.7%) | ||||||||
539,000 | Township of Freehold New Jersey, GO, 1.50%, 10/15/20 | 541,048 | ||||||
New Mexico (2.4%) | ||||||||
160,000 | Albuquerque Bernalillo County Water Utility Authority Revenue, 5.00%, 7/1/20 | 160,543 | ||||||
345,000 | City of Las Cruces NM Revenue, 4.00%, 6/1/20 | 345,018 | ||||||
250,000 | The University of New Mexico Revenue, Series C, 5.00%, 6/1/20 | 250,024 | ||||||
755,585 | ||||||||
Ohio (14.3%) | ||||||||
499,000 | American Municipal Power, Inc. Revenue, 2.25%, 8/13/20 | 500,821 | ||||||
215,000 | American Municipal Power, Inc. Revenue, 2.25%, 1/22/21 | 215,983 | ||||||
500,000 | American Municipal Power, Inc. Revenue, 3.00%, 4/28/21 | 507,055 | ||||||
400,000 | City of Cuyahoga Falls Ohio, GO, 2.00%, 11/19/20 | 403,092 | ||||||
700,000 | City of Vandalia Ohio, GO, 2.13%, 9/2/20 | 703,227 | ||||||
473,435 | City of Willowick Ohio, GO, 2.00%, 2/18/21 | 478,558 | ||||||
485,000 | County of Lake Ohio, GO, 2.00%, 10/15/20 | 488,026 |
18
CAVANAL HILL FUNDS
Ultra Short Tax-Free Income Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Municipal Bonds, continued: | ||||||||
Ohio, continued: | ||||||||
$ | 500,000 | County of Trumbull Ohio, GO, 2.25%, 7/23/20 | $ | 501,212 | ||||
215,000 | Liberty Community Infrastructure Financing Authority, 4.00%, 12/1/20 | 218,440 | ||||||
500,000 | Shelby City School District Revenue, 4.00%, 11/1/20 | 507,370 | ||||||
4,523,784 | ||||||||
Oklahoma (0.4%) | ||||||||
115,000 | Cleveland County Educational Facilities Authority Revenue, 4.00%, 9/1/20 | 115,983 | ||||||
Pennsylvania (3.1%) | ||||||||
1,000,000 | Philadelphia Pennsylvania, GO, Series B, 0.13%, 8/1/31, Continuously Callable @100, Barclays Bank(a) | 1,000,000 | ||||||
South Dakota (0.3%) | ||||||||
100,000 | Custer School District 16-1, GO, 3.00%, 8/1/20, State Aid Withholding | 100,440 | ||||||
Tennessee (3.7%) | ||||||||
1,000,000 | Clarksville Tennessee Public Building Authority Revenue, 0.09%, 11/1/35, Callable 7/1/20 @ 100, Bank of America*(a) | 1,000,000 | ||||||
200,000 | Montgomery Country Public Building Authority Revenue, 0.09%, 2/1/36, Callable 7/1/20 @ 100, Bank of America*(a) | 200,000 | ||||||
1,200,000 | ||||||||
Texas (17.9%) | ||||||||
1,170,000 | Austin Texas Hotel Occupancy Tax Revenue, 0.18%, 11/15/29, Continuously Callable @100, JPM(a) | 1,170,000 | ||||||
375,000 | Cibolo Canyons Special Improvement District, GO, Series A, 5.00%, 8/15/20, AGM | 378,000 | ||||||
1,150,000 | City of Houston Texas Airport System Revenue, 0.16%, 7/1/30, Continuously Callable @100, Barclays Bank(a) | 1,150,000 | ||||||
230,000 | Crosby Municipal Utility District, GO, 2.00%, 8/15/20, BAM | 230,543 | ||||||
570,000 | El Paso Downtown Development Corp. Revenue, 4.00%, 8/15/20 | 572,708 |
Shares or Principal Amount | Security Description | Value | ||||||
Municipal Bonds, continued: | ||||||||
Texas, continued: | ||||||||
$ | 215,000 | Fort Bend County Municipal Utility District No 134D, GO, 4.00%, 9/1/20, AGM | $ | 216,570 | ||||
185,000 | Galveston County Municipal Utility District No 14, GO, 1.75%, 10/1/20, BAM | 185,622 | ||||||
125,000 | Paseo del Este Municipal Utility District No 10, GO, 4.00%, 8/15/20, Capital Markets Assurance Corp. | 125,813 | ||||||
100,000 | Remington Municipal Utility District No 1, GO, 3.00%, 9/1/20, AGM | 100,559 | ||||||
185,000 | Reunion Ranch Water Control & Improvement District, GO, 2.00%, 8/15/20, AGM | 185,361 | ||||||
830,000 | State of Texas Revenue, 4.00%, 8/27/20 | 837,585 | ||||||
240,000 | Sunfield Municipal Utility District No 1, GO, 4.00%, 9/1/20, AGM | 241,752 | ||||||
275,000 | Travis County Municipal Utility District No 18, GO, 2.00%, 9/1/20, BAM | 275,655 | ||||||
5,670,168 | ||||||||
Wisconsin (2.8%) | ||||||||
135,000 | City of Onalaska Wisconsin, GO, 3.00%, 10/1/20 | 136,207 | ||||||
675,000 | County of Green Wisconsin, GO, Series A, 3.00%, 12/1/20 | 683,944 | ||||||
100,000 | Village of Osceola Wisconsin, GO, 3.00%, 6/1/20, AGM | 100,004 | ||||||
920,155 | ||||||||
Wyoming (1.9%) | ||||||||
600,000 | County of Lincoln Wyoming Revenue, 0.07%, 10/1/44, Continuously Callable @100, Exxon Mobil Corp.(a) | 600,000 | ||||||
Total Municipal Bonds | 30,525,156 | |||||||
Investment in Affiliates (3.7%) | ||||||||
1,172,534 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(b) | 1,172,534 | ||||||
Total Investment in Affiliates | 1,172,534 | |||||||
Total Investments (Cost $31,656,167) - 99.3% | 31,697,690 | |||||||
Other assets in excess of liabilities — 0.7% | 208,782 | |||||||
Net Assets - 100.0% | $ | 31,906,472 |
(a) | Interest rate is determined by the Remarketing Agent. The rate presented is the rate in effect at May 31, 2020. |
(b) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2020. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
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 |
19
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks (50.5%) | ||||||||
Aerospace & Defense (0.9%) | ||||||||
146 | BWX Technologies, Inc. | $ | 9,135 | |||||
394 | General Dynamics Corp. | 57,851 | ||||||
71 | HEICO Corp. | 7,154 | ||||||
163 | HEICO Corp., Class A | 13,684 | ||||||
517 | L3Harris Technologies, Inc. | 103,116 | ||||||
289 | Lockheed Martin Corp. | 112,258 | ||||||
155 | Northrop Grumman Corp. | 51,956 | ||||||
415 | Raytheon Technologies Corp. | 26,776 | ||||||
564 | Spirit AeroSystems Holdings, Inc., Class A | 12,222 | ||||||
22 | Teledyne Technologies, Inc.(a) | 8,231 | ||||||
32 | The Boeing Co. | 4,667 | ||||||
188 | Vectrus, Inc.(a) | 10,325 | ||||||
417,375 | ||||||||
Air Freight & Logistics (0.1%) | ||||||||
304 | Expeditors International of Washington, Inc. | 23,216 | ||||||
Airlines (0.0%^) | ||||||||
597 | JetBlue Airways Corp.(a) | 6,012 | ||||||
Auto Components (0.2%) | ||||||||
1,765 | BorgWarner, Inc. | 56,745 | ||||||
1,238 | Gentex Corp. | 32,733 | ||||||
183 | Lear Corp. | 19,407 | ||||||
108,885 | ||||||||
Automobiles (0.0%^) | ||||||||
6 | Tesla, Inc.(a) | 5,010 | ||||||
Banks (2.1%) | ||||||||
3,520 | Bank of America Corp. | 84,902 | ||||||
1,314 | CIT Group, Inc. | 23,836 | ||||||
597 | Citigroup, Inc. | 28,602 | ||||||
710 | Commerce Bancshares, Inc. | 45,248 | ||||||
416 | East West Bancorp, Inc. | 14,539 | ||||||
35 | First Citizens Bancshares, Inc. | 13,475 | ||||||
610 | First Horizon National Corp. | 5,704 | ||||||
110 | First Republic Bank | 11,899 | ||||||
3,934 | JPMorgan Chase & Co. | 382,819 | ||||||
73 | M&T Bank Corp. | 7,713 | ||||||
576 | People's United Financial, Inc. | 6,595 | ||||||
174 | Preferred Bank/Los Angeles CA | 6,537 | ||||||
115 | SVB Financial Group(a) | 24,696 | ||||||
460 | The PNC Financial Services Group, Inc. | 52,458 | ||||||
1,711 | Truist Financial Corp. | 62,931 | ||||||
2,254 | U.S. Bancorp | 80,152 | ||||||
3,337 | Wells Fargo & Co. | 88,330 | ||||||
473 | Western Alliance Bancorp | 18,045 | ||||||
958,481 | ||||||||
Beverages (1.0%) | ||||||||
527 | Molson Coors Brewing Co., Class B | 20,005 | ||||||
247 | Monster Beverage Corp.(a) | 17,762 | ||||||
1,876 | PepsiCo, Inc. | 246,788 | ||||||
26 | The Boston Beer Co, Inc., Class A(a) | 14,683 | ||||||
3,149 | The Coca-Cola Co. | 146,995 | ||||||
446,233 | ||||||||
Biotechnology (1.6%) | ||||||||
1,248 | AbbVie, Inc. | 115,652 | ||||||
803 | Amgen, Inc. | 184,448 | ||||||
64 | Biogen, Inc.(a) | 19,654 | ||||||
168 | BioSpecifics Technologies Corp.(a) | 10,450 | ||||||
218 | Eagle Pharmaceuticals, Inc.(a) | 11,175 | ||||||
1,780 | Exelixis, Inc.(a) | 43,984 | ||||||
1,779 | Gilead Sciences, Inc. | 138,460 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Biotechnology, continued: | ||||||||
269 | Incyte Corp.(a) | $ | 27,414 | |||||
190 | Ionis Pharmaceuticals, Inc.(a) | 10,680 | ||||||
150 | Neurocrine Biosciences, Inc.(a) | 18,714 | ||||||
72 | Regeneron Pharmaceuticals, Inc.(a) | 44,122 | ||||||
440 | Vertex Pharmaceuticals, Inc.(a) | 126,702 | ||||||
751,455 | ||||||||
Building Products (0.3%) | ||||||||
411 | Allegion PLC | 40,977 | ||||||
92 | Armstrong World Industries, Inc. | 6,936 | ||||||
427 | Builders FirstSource, Inc.(a) | 8,886 | ||||||
146 | CSW Industrials, Inc. | 10,448 | ||||||
123 | Lennox International, Inc. | 26,302 | ||||||
190 | Patrick Industries, Inc. | 9,855 | ||||||
125 | Simpson Manufacturing Co, Inc. | 10,008 | ||||||
147 | Trane Technologies PLC | 13,261 | ||||||
101 | Trex Co, Inc.(a) | 12,132 | ||||||
138,805 | ||||||||
Capital Markets (2.2%) | ||||||||
323 | Ameriprise Financial, Inc. | 45,243 | ||||||
141 | BlackRock, Inc. | 74,538 | ||||||
714 | CME Group, Inc. | 130,377 | ||||||
131 | Cohen & Steers, Inc. | 8,325 | ||||||
598 | Evercore, Inc. | 32,956 | ||||||
582 | GAMCO Investors, Inc., Class A | 7,519 | ||||||
168 | Houlihan Lokey, Inc. | 10,161 | ||||||
879 | Intercontinental Exchange, Inc. | 85,483 | ||||||
192 | INTL. FCStone, Inc.(a) | 9,794 | ||||||
614 | LPL Financial Holdings, Inc. | 43,833 | ||||||
64 | Moody's Corp. | 17,114 | ||||||
174 | Morgan Stanley | 7,691 | ||||||
74 | Morningstar, Inc. | 11,346 | ||||||
363 | MSCI, Inc., Class A | 119,373 | ||||||
507 | Nasdaq, Inc. | 60,059 | ||||||
123 | Northern Trust Corp. | 9,718 | ||||||
361 | S&P Global, Inc. | 117,332 | ||||||
361 | SEI Investments Co. | 19,573 | ||||||
162 | Stifel Financial Corp. | 7,729 | ||||||
371 | T. Rowe Price Group, Inc. | 44,854 | ||||||
522 | The Bank of New York Mellon Corp. | 19,403 | ||||||
739 | The Charles Schwab Corp. | 26,537 | ||||||
517 | The Goldman Sachs Group, Inc. | 101,585 | ||||||
1,010,543 | ||||||||
Chemicals (0.5%) | ||||||||
473 | AdvanSix, Inc.(a) | 5,600 | ||||||
186 | Air Products & Chemicals, Inc. | 44,947 | ||||||
786 | Axalta Coating Systems, Ltd.(a) | 18,164 | ||||||
1,056 | CF Industries Holdings, Inc. | 31,015 | ||||||
79 | Chase Corp. | 7,872 | ||||||
1 | Corteva, Inc. | 27 | ||||||
347 | Dow, Inc. | 13,394 | ||||||
396 | Ecolab, Inc. | 84,183 | ||||||
180 | Hawkins, Inc. | 7,722 | ||||||
79 | Innospec, Inc. | 6,090 | ||||||
58 | International Flavors & Fragrances, Inc. | 7,725 | ||||||
322 | Trinseo SA | 6,627 | ||||||
153 | Westlake Chemical Corp. | 7,298 | ||||||
240,664 | ||||||||
Commercial Services & Supplies (0.5%) | ||||||||
396 | Cintas Corp. | 98,192 | ||||||
4,233 | Covanta Holding Corp. | 38,097 | ||||||
283 | IAA, Inc.(a) | 11,603 | ||||||
667 | Kimball International, Inc., Class B | 7,464 |
20
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Commercial Services & Supplies, continued: | ||||||||
628 | Waste Management, Inc. | $ | 67,039 | |||||
222,395 | ||||||||
Communications Equipment (0.6%) | ||||||||
289 | Arista Networks, Inc.(a) | 67,470 | ||||||
3,248 | Cisco Systems, Inc. | 155,319 | ||||||
229 | Palo Alto Networks, Inc.(a) | 53,877 | ||||||
276,666 | ||||||||
Construction & Engineering (0.1%) | ||||||||
418 | Jacobs Engineering Group, Inc. | 35,120 | ||||||
690 | Sterling Construction Co, Inc.(a) | 6,245 | ||||||
41,365 | ||||||||
Consumer Finance (0.4%) | ||||||||
424 | American Express Co. | 40,310 | ||||||
232 | Capital One Financial Corp. | 15,785 | ||||||
38 | Credit Acceptance Corp.(a) | 14,053 | ||||||
189 | Discover Financial Services | 8,979 | ||||||
463 | Enova International, Inc.(a) | 6,551 | ||||||
2,777 | Navient Corp. | 20,661 | ||||||
872 | Onemain Holdings, Inc. | 20,344 | ||||||
488 | Santander Consumer USA Holdings, Inc. | 8,067 | ||||||
3,008 | Synchrony Financial | 61,273 | ||||||
117 | World Acceptance Corp.(a) | 7,781 | ||||||
203,804 | ||||||||
Containers & Packaging (0.4%) | ||||||||
247 | AptarGroup, Inc. | 27,513 | ||||||
490 | Ball Corp. | 34,917 | ||||||
1,221 | Berry Global Group, Inc.(a) | 54,835 | ||||||
482 | Packaging Corp. of America | 48,880 | ||||||
138 | UFP Technologies, Inc.(a) | 6,239 | ||||||
172,384 | ||||||||
Distributors (0.1%) | ||||||||
422 | Core-Mark Holding Co, Inc. | 11,808 | ||||||
150 | Genuine Parts Co. | 12,512 | ||||||
96 | Pool Corp. | 25,825 | ||||||
50,145 | ||||||||
Diversified Consumer Services (0.2%) | ||||||||
259 | Bright Horizons Family Solutions, Inc.(a) | 28,977 | ||||||
918 | H&R Block, Inc. | 15,606 | ||||||
563 | K12, Inc.(a) | 13,861 | ||||||
648 | ServiceMaster Global Holdings, Inc.(a) | 21,319 | ||||||
79,763 | ||||||||
Diversified Financial Services (0.4%) | ||||||||
680 | Berkshire Hathaway, Inc., Class B(a) | 126,194 | ||||||
357 | Jefferies Financial Group, Inc. | 5,230 | ||||||
775 | Voya Financial, Inc. | 34,914 | ||||||
166,338 | ||||||||
Diversified Telecommunication Services (0.6%) | ||||||||
3,626 | AT&T, Inc. | 111,898 | ||||||
2,694 | Verizon Communications, Inc. | 154,582 | ||||||
266,480 | ||||||||
Electric Utilities (0.7%) | ||||||||
245 | Alliant Energy Corp. | 12,093 | ||||||
187 | Eversource Energy | 15,652 | ||||||
821 | Exelon Corp. | 31,453 | ||||||
371 | NextEra Energy, Inc. | 94,812 | ||||||
1,582 | OGE Energy Corp. | 49,548 | ||||||
465 | Pinnacle West Capital Corp. | 36,224 | ||||||
152 | Portland General Electric Co. | 7,161 | ||||||
2,041 | PPL Corp. | 57,025 | ||||||
303,968 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Electrical Equipment (0.3%) | ||||||||
232 | Acuity Brands, Inc. | $ | 19,987 | |||||
145 | AMETEK, Inc. | 13,298 | ||||||
729 | Emerson Electric Co. | 44,483 | ||||||
242 | Regal-Beloit Corp. | 19,249 | ||||||
128 | Rockwell Automation, Inc. | 27,668 | ||||||
124,685 | ||||||||
Electronic Equipment, Instruments & Components (0.7%) | ||||||||
599 | Amphenol Corp., Class A | 57,839 | ||||||
1,133 | CDW Corp. | 125,662 | ||||||
1,970 | Corning, Inc. | 44,896 | ||||||
178 | Insight Enterprises, Inc.(a) | 9,124 | ||||||
555 | Keysight Technologies, Inc.(a) | 60,012 | ||||||
179 | National Instruments Corp. | 6,931 | ||||||
388 | Sanmina Corp.(a) | 10,325 | ||||||
314,789 | ||||||||
Energy Equipment & Services (0.0%^) | ||||||||
253 | Cactus, Inc., Class A | 4,827 | ||||||
570 | Matrix Service Co.(a) | 6,282 | ||||||
11,109 | ||||||||
Entertainment (0.6%) | ||||||||
125 | Netflix, Inc.(a) | 52,466 | ||||||
1,931 | The Walt Disney Co. | 226,507 | ||||||
278,973 | ||||||||
Equity Real Estate Investment Trusts (2.3%) | ||||||||
2,066 | American Homes 4 Rent, Class A | 52,146 | ||||||
266 | American Tower Corp. | 68,673 | ||||||
663 | Apartment Investment & Management Co. | 24,445 | ||||||
79 | AvalonBay Communities, Inc. | 12,325 | ||||||
1,565 | Columbia Property Trust, Inc. | 19,922 | ||||||
796 | Corporate Office Properties Trust | 19,876 | ||||||
672 | Crown Castle International Corp. | 115,691 | ||||||
1,729 | CubeSmart | 49,207 | ||||||
700 | Digital Reality Trust, Inc. | 100,491 | ||||||
426 | Douglas Emmett, Inc. | 12,507 | ||||||
1,899 | Duke Realty Corp. | 65,478 | ||||||
605 | Equity LifeStyle Properties, Inc. | 37,692 | ||||||
700 | Equity Residential | 42,392 | ||||||
42 | Essex Property Trust, Inc. | 10,196 | ||||||
698 | Extra Space Storage, Inc. | 67,532 | ||||||
2,939 | Host Hotels & Resorts, Inc. | 35,092 | ||||||
489 | JBG SMITH Properties | 14,538 | ||||||
740 | Lamar Advertising Co. | 49,062 | ||||||
845 | Lexington Realty Trust | 8,213 | ||||||
58 | Mid-America Apartment Communities, Inc. | 6,749 | ||||||
1,701 | Park Hotels & Resorts, Inc. | 16,721 | ||||||
413 | Prologis, Inc. | 37,790 | ||||||
57 | PS Business Parks, Inc. | 7,617 | ||||||
348 | Public Storage | 70,554 | ||||||
170 | Realty Income Corp. | 9,403 | ||||||
708 | RLJ Lodging Trust | 7,299 | ||||||
198 | Simon Property Group, Inc. | 11,425 | ||||||
388 | SL Green Realty Corp. | 16,343 | ||||||
576 | The GEO Group, Inc. | 6,900 | ||||||
466 | Vici Properties, Inc. | 9,143 | ||||||
262 | Weingarten Realty Investors | 4,685 | ||||||
466 | Welltower, Inc. | 23,612 | ||||||
615 | Xenia Hotels & Resorts, Inc. | 5,535 | ||||||
1,039,254 | ||||||||
Food & Staples Retailing (0.7%) |
||||||||
339 | Costco Wholesale Corp. | 104,571 |
21
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Food & Staples Retailing, continued: | ||||||||
249 | Ingles Markets, Inc., Class A | $ | 10,610 | |||||
216 | Performance Food Group Co.(a) | 5,756 | ||||||
288 | Sysco Corp. | 15,886 | ||||||
339 | Walgreens Boots Alliance, Inc. | 14,557 | ||||||
1,287 | Wal-Mart Stores, Inc. | 159,666 | ||||||
311,046 | ||||||||
Food Products (1.0%) | ||||||||
363 | General Mills, Inc. | 22,884 | ||||||
1,325 | Hormel Foods Corp. | 64,701 | ||||||
671 | Ingredion, Inc. | 56,518 | ||||||
119 | John B Sanfilippo & Son, Inc. | 10,346 | ||||||
556 | Kellogg Co. | 36,312 | ||||||
241 | Lamb Weston Holdings, Inc. | 14,474 | ||||||
59 | Lancaster Colony Corp. | 9,054 | ||||||
78 | McCormick & Co. , Inc/MD | 13,662 | ||||||
2,652 | Mondelez International, Inc., Class A | 138,223 | ||||||
93 | The Hershey Co. | 12,618 | ||||||
903 | Tyson Foods, Inc., Class A | 55,480 | ||||||
434,272 | ||||||||
Gas Utilities (0.1%) | ||||||||
103 | Atmos Energy Corp. | 10,586 | ||||||
101 | ONE Gas, Inc. | 8,481 | ||||||
1,136 | UGI Corp. | 36,171 | ||||||
55,238 | ||||||||
Health Care Equipment & Supplies (1.9%) | ||||||||
924 | Abbott Laboratories | 87,706 | ||||||
35 | ABIOMED, Inc.(a) | 7,837 | ||||||
119 | Align Technology, Inc.(a) | 29,229 | ||||||
816 | Baxter International, Inc. | 73,448 | ||||||
144 | Becton, Dickinson & Co. | 35,558 | ||||||
650 | Danaher Corp. | 108,296 | ||||||
152 | Dentsply Sirona, Inc. | 7,071 | ||||||
333 | Edwards Lifesciences Corp.(a) | 74,832 | ||||||
843 | Hill-Rom Holdings, Inc. | 85,708 | ||||||
962 | Hologic, Inc.(a) | 50,986 | ||||||
153 | IDEXX Laboratories, Inc.(a) | 47,259 | ||||||
59 | Intuitive Surgical, Inc.(a) | 34,222 | ||||||
1,039 | Medtronic PLC | 102,424 | ||||||
90 | ResMed, Inc. | 14,474 | ||||||
61 | STERIS PLC | 10,119 | ||||||
151 | Teleflex, Inc. | 54,792 | ||||||
35 | The Cooper Cos., Inc. | 11,094 | ||||||
681 | Zynex, Inc.(a) | 13,211 | ||||||
848,266 | ||||||||
Health Care Providers & Services (1.2%) | ||||||||
57 | Amedisys, Inc.(a) | 10,947 | ||||||
133 | AMN Healthcare Services, Inc.(a) | 5,900 | ||||||
311 | Anthem, Inc. | 91,468 | ||||||
332 | Centene Corp.(a) | 21,995 | ||||||
120 | Chemed Corp. | 57,421 | ||||||
56 | HCA Healthcare, Inc. | 5,986 | ||||||
172 | Magellan Health, Inc.(a) | 12,898 | ||||||
169 | Molina Healthcare, Inc.(a) | 31,404 | ||||||
178 | National Research Corp. | 10,096 | ||||||
453 | RadNet, Inc.(a) | 7,719 | ||||||
408 | Select Medical Holdings Corp.(a) | 6,585 | ||||||
228 | The Ensign Group, Inc. | 9,968 | ||||||
868 | UnitedHealth Group, Inc. | 264,611 | ||||||
54 | Universal Health Services, Inc., Class B | 5,694 | ||||||
542,692 | ||||||||
Health Care Technology (0.2%) | ||||||||
370 | Computer Programs & System, Inc. | 8,184 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Health Care Technology, continued: | ||||||||
387 | Veeva Systems, Inc.(a) | $ | 84,703 | |||||
92,887 | ||||||||
Hotels, Restaurants & Leisure (1.0%) | ||||||||
643 | Bloomin' Brands, Inc. | 7,337 | ||||||
636 | Darden Restaurants, Inc. | 48,883 | ||||||
393 | Dunkin' Brands Group, Inc. | 25,101 | ||||||
929 | Hilton Worldwide Holdings, Inc. | 73,679 | ||||||
100 | Hyatt Hotels Corp., Class A | 5,509 | ||||||
161 | Marriott International, Inc., Class A | 14,249 | ||||||
535 | McDonald's Corp. | 99,681 | ||||||
2,304 | Starbucks Corp. | 179,688 | ||||||
110 | Yum! Brands, Inc. | 9,870 | ||||||
463,997 | ||||||||
Household Durables (0.1%) | ||||||||
356 | Garmin, Ltd. | 32,101 | ||||||
Household Products (1.3%) | ||||||||
344 | Central Garden & Pet Co.(a) | 12,621 | ||||||
559 | Church & Dwight Co., Inc. | 41,964 | ||||||
1,056 | Colgate-Palmolive Co. | 76,380 | ||||||
214 | Kimberly-Clark Corp. | 30,268 | ||||||
834 | The Clorox Co. | 172,013 | ||||||
2,142 | The Procter & Gamble Co. | 248,301 | ||||||
581,547 | ||||||||
Independent Power and Renewable Electricity Producers (0.0%^) | ||||||||
926 | AES Corp. | 11,566 | ||||||
Industrial Conglomerates (0.7%) | ||||||||
1,140 | 3M Co. | 178,342 | ||||||
61 | Carlisle Cos., Inc. | 7,311 | ||||||
1,021 | General Electric Co. | 6,708 | ||||||
787 | Honeywell International, Inc. | 114,784 | ||||||
34 | Roper Technologies, Inc. | 13,389 | ||||||
320,534 | ||||||||
Insurance (1.3%) | ||||||||
462 | Aflac, Inc. | 16,849 | ||||||
227 | AON PLC, Class A | 44,708 | ||||||
121 | Arthur J. Gallagher & Co. | 11,408 | ||||||
524 | Assured Guaranty, Ltd. | 13,587 | ||||||
174 | Athene Holdings, Ltd., Class A(a) | 5,027 | ||||||
1,035 | Brighthouse Financial, Inc.(a) | 30,750 | ||||||
566 | Brown & Brown, Inc. | 22,753 | ||||||
285 | Chubb, Ltd. | 34,752 | ||||||
219 | Cincinnati Financial Corp. | 12,910 | ||||||
118 | Erie Indemnity Co., Class A | 21,268 | ||||||
1,821 | FNF Group | 58,090 | ||||||
190 | Lincoln National Corp. | 7,207 | ||||||
408 | Marsh & McLennan Cos., Inc. | 43,215 | ||||||
453 | National General Holdings Corp. | 9,196 | ||||||
327 | Prudential Financial, Inc. | 19,934 | ||||||
688 | The Allstate Corp. | 67,293 | ||||||
285 | The Hanover Insurance Group, Inc. | 28,600 | ||||||
1,272 | The Hartford Financial Services Group, Inc. | 48,705 | ||||||
911 | The Progressive Corp. | 70,766 | ||||||
164 | Travelers Companies, Inc. | 17,545 | ||||||
429 | Universal Insurance Holdings, Inc. | 7,662 | ||||||
3,097 | Unum Group | 46,920 | ||||||
76 | Willis Towers Watson PLC | 15,420 | ||||||
654,565 | ||||||||
Interactive Media & Services (1.5%) | ||||||||
115 | Alphabet, Inc., Class A(a) | 164,855 | ||||||
115 | Alphabet, Inc., Class C(a) | 164,326 | ||||||
311 | Cargurus, Inc.(a) | 8,080 |
22
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Interactive Media & Services, continued: | ||||||||
1,096 | Facebook, Inc., Class A(a) | $ | 246,698 | |||||
45 | IAC/InterActiveCorp.(a) | 12,167 | ||||||
476 | Match Group, Inc.(a) | 42,383 | ||||||
417 | TripAdvisor, Inc. | 8,040 | ||||||
374 | Twitter, Inc.(a) | 11,583 | ||||||
245 | Yelp, Inc.(a) | 5,326 | ||||||
663,458 | ||||||||
Internet & Direct Marketing Retail (1.2%) | ||||||||
187 | Amazon.com, Inc.(a) | 456,723 | ||||||
33 | Booking Holdings, Inc.(a) | 54,101 | ||||||
581 | eBay, Inc. | 26,459 | ||||||
183 | Etsy, Inc.(a) | 14,819 | ||||||
552,102 | ||||||||
IT Services (3.5%) | ||||||||
587 | Accenture PLC, Class A | 118,351 | ||||||
345 | Automatic Data Processing, Inc. | 50,539 | ||||||
433 | Booz Allen Hamilton Holding Corp. | 34,536 | ||||||
191 | Broadridge Financial Solutions, Inc. | 23,130 | ||||||
286 | Cognizant Technology Solutions Corp., Class A | 15,158 | ||||||
194 | CoreLogic, Inc. | 9,615 | ||||||
224 | CSG Systems International, Inc. | 10,606 | ||||||
137 | Fidelity National Information Services, Inc. | 19,020 | ||||||
1,553 | Fiserv, Inc.(a) | 165,814 | ||||||
56 | FleetCor Technologies, Inc.(a) | 13,652 | ||||||
392 | Global Payments, Inc. | 70,360 | ||||||
647 | Hackett Group, Inc. (The) | 8,922 | ||||||
589 | International Business Machine Corp. | 73,566 | ||||||
99 | Jack Henry & Associates, Inc. | 17,905 | ||||||
138 | Leidos Holdings, Inc. | 14,530 | ||||||
952 | MasterCard, Inc., Class A | 286,447 | ||||||
364 | Paychex, Inc. | 26,310 | ||||||
720 | Paypal Holdings, Inc.(a) | 111,607 | ||||||
551 | The Western Union Co. | 11,031 | ||||||
263 | TTEC Holdings, Inc. | 11,141 | ||||||
966 | VeriSign, Inc.(a) | 211,564 | ||||||
1,395 | Visa, Inc., Class A | 272,360 | ||||||
1,576,164 | ||||||||
Leisure Products (0.1%) | ||||||||
295 | Hasbro, Inc. | 21,685 | ||||||
317 | YETI Holdings, Inc.(a) | 10,176 | ||||||
31,861 | ||||||||
Life Sciences Tools & Services (1.1%) | ||||||||
1,540 | Agilent Technologies, Inc. | 135,735 | ||||||
29 | Bio-Techne Corp. | 7,679 | ||||||
194 | Charles River Laboratories International, Inc.(a) | 34,854 | ||||||
31 | Illumina, Inc.(a) | 11,255 | ||||||
284 | Iqvia Holdings, Inc.(a) | 42,464 | ||||||
99 | Mettler-Toledo International, Inc.(a) | 78,705 | ||||||
83 | PRA Health Sciences, Inc.(a) | 8,591 | ||||||
346 | Thermo Fisher Scientific, Inc. | 120,820 | ||||||
204 | Waters Corp.(a) | 40,769 | ||||||
480,872 | ||||||||
Machinery (0.8%) | ||||||||
1,771 | Allison Transmission Holdings, Inc. | 66,802 | ||||||
190 | DMC Global, Inc. | 5,425 | ||||||
846 | Fortive Corp. | 51,589 | ||||||
434 | Graco, Inc. | 20,923 | ||||||
1,472 | Hillenbrand, Inc. | 37,889 | ||||||
236 | IDEX Corp. | 37,611 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Machinery, continued: | ||||||||
320 | Illinois Tool Works, Inc. | $ | 55,187 | |||||
108 | ITT, Inc. | 6,232 | ||||||
473 | Meritor, Inc.(a) | 9,640 | ||||||
173 | PACCAR, Inc. | 12,778 | ||||||
444 | The Timken Co. | 18,888 | ||||||
357 | The Toro Co. | 25,372 | ||||||
348,336 | ||||||||
Media (0.3%) | ||||||||
892 | AMC Networks, Inc., Class A(a) | 25,218 | ||||||
1,119 | Comcast Corp., Class A | 44,313 | ||||||
1,170 | Discovery, Inc., Class C(a) | 22,920 | ||||||
155 | GCI Liberty, Inc., Class A(a) | 10,724 | ||||||
576 | Gray Television, Inc.(a) | 8,029 | ||||||
582 | Msg Networks, Inc., Class A(a) | 7,205 | ||||||
128 | Omnicom Group, Inc. | 7,013 | ||||||
344 | TechTarget, Inc.(a) | 9,457 | ||||||
688 | TEGNA, Inc. | 8,063 | ||||||
142,942 | ||||||||
Metals & Mining (0.1%) | ||||||||
394 | Reliance Steel & Aluminum Co. | 38,217 | ||||||
425 | Schnitzer Steel Industries, Inc. | 6,673 | ||||||
862 | Steel Dynamics, Inc. | 22,895 | ||||||
67,785 | ||||||||
Mortgage Real Estate Investment Trusts (0.0%^) | ||||||||
1,223 | AGNC Investment Corp. | 15,826 | ||||||
Multiline Retail (0.2%) | ||||||||
462 | Dollar General Corp. | 88,477 | ||||||
148 | Target Corp. | 18,105 | ||||||
106,582 | ||||||||
Multi-Utilities (0.4%) | ||||||||
113 | Black Hills Corp. | 6,973 | ||||||
713 | CenterPoint Energy, Inc. | 12,677 | ||||||
132 | Consolidated Edison, Inc. | 9,908 | ||||||
75 | DTE Energy Co. | 8,068 | ||||||
436 | MDU Resources Group, Inc. | 9,487 | ||||||
117 | NorthWestern Corp. | 7,034 | ||||||
699 | Public Service Enterprise Group, Inc. | 35,677 | ||||||
212 | Sempra Energy | 26,778 | ||||||
547 | WEC Energy Group, Inc. | 50,176 | ||||||
166,778 | ||||||||
Oil, Gas & Consumable Fuels (0.6%) | ||||||||
1,518 | Cabot Oil & Gas Corp. | 30,117 | ||||||
587 | Chevron Corp. | 53,829 | ||||||
376 | ConocoPhillips | 15,860 | ||||||
513 | CVR Energy, Inc. | 10,465 | ||||||
741 | Delek US Holdings, Inc. | 14,575 | ||||||
462 | Diamondback Energy, Inc. | 19,672 | ||||||
962 | Exxon Mobil Corp. | 43,742 | ||||||
374 | HollyFrontier Corp. | 11,762 | ||||||
402 | ONEOK, Inc. | 14,749 | ||||||
453 | Phillips 66 | 35,452 | ||||||
247 | Pioneer Natural Resources Co. | 22,625 | ||||||
249 | World Fuel Services Corp. | 6,345 | ||||||
279,193 | ||||||||
Personal Products (0.1%) | ||||||||
115 | Medifast, Inc. | 11,769 | ||||||
132 | The Estee Lauder Cos., Inc., Class A | 26,066 | ||||||
133 | USANA Health Sciences, Inc.(a) | 11,268 | ||||||
49,103 | ||||||||
Pharmaceuticals (2.8%) | ||||||||
2,316 | Bristol-Myers Squibb Co. | 138,312 | ||||||
367 | Elanco Animal Health, Inc.(a) | 7,857 |
23
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Pharmaceuticals, continued: | ||||||||
216 | Eli Lilly & Co. | $ | 33,037 | |||||
712 | Innoviva, Inc.(a) | 9,947 | ||||||
3,520 | Johnson & Johnson | 523,600 | ||||||
2,560 | Merck & Co., Inc. | 206,643 | ||||||
6,350 | Pfizer, Inc. | 242,507 | ||||||
898 | Zoetis, Inc. | 125,172 | ||||||
1,287,075 | ||||||||
Professional Services (0.1%) | ||||||||
330 | Kforce, Inc. | 9,966 | ||||||
150 | ManpowerGroup, Inc. | 10,371 | ||||||
236 | Robert Half International, Inc. | 11,975 | ||||||
101 | Verisk Analytics, Inc., Class A | 17,440 | ||||||
49,752 | ||||||||
Real Estate Management & Development (0.1%) | ||||||||
158 | Cto Realty Growth, Inc. | 6,601 | ||||||
317 | Re/MAX Holdings, Inc. | 8,873 | ||||||
474 | The RMR Group, Inc., Class A | 12,779 | ||||||
28,253 | ||||||||
Road & Rail (0.3%) | ||||||||
396 | Old Dominion Freight Line, Inc. | 67,752 | ||||||
403 | Union Pacific Corp. | 68,453 | ||||||
136,205 | ||||||||
Semiconductors & Semiconductor Equipment (2.1%) | ||||||||
907 | Advanced Micro Devices, Inc.(a) | 48,797 | ||||||
256 | Applied Materials, Inc. | 14,382 | ||||||
377 | Broadcom, Inc. | 109,809 | ||||||
146 | Cirrus Logic, Inc.(a) | 10,582 | ||||||
228 | Diodes, Inc.(a) | 11,090 | ||||||
1,200 | Intel Corp. | 75,516 | ||||||
94 | KLA-Tencor Corp. | 16,540 | ||||||
678 | Lam Research Corp. | 185,549 | ||||||
962 | Maxim Integrated Products, Inc. | 55,488 | ||||||
1,010 | Micron Technology, Inc.(a) | 48,389 | ||||||
121 | NVIDIA Corp. | 42,957 | ||||||
451 | Qorvo, Inc.(a) | 47,238 | ||||||
516 | QUALCOMM, Inc. | 41,734 | ||||||
643 | Skyworks Solutions, Inc. | 76,221 | ||||||
1,197 | Texas Instruments, Inc. | 142,132 | ||||||
297 | Xilinx, Inc. | 27,309 | ||||||
953,733 | ||||||||
Software (4.2%) | ||||||||
535 | Adobe, Inc.(a) | 206,831 | ||||||
212 | Alarm.com Holdings, Inc.(a) | 10,025 | ||||||
184 | Aspen Technology, Inc.(a) | 19,438 | ||||||
1,493 | Cadence Design Systems, Inc.(a) | 136,296 | ||||||
475 | Citrix Systems, Inc. | 70,357 | ||||||
97 | Fair Isaac Corp.(a) | 39,057 | ||||||
393 | Fortinet, Inc.(a) | 54,706 | ||||||
537 | Intuit, Inc. | 155,902 | ||||||
491 | Manhattan Associates, Inc.(a) | 43,404 | ||||||
5,695 | Microsoft Corp. | 1,043,608 | ||||||
442 | NortonLifeLock, Inc. | 10,069 | ||||||
1,346 | Oracle Corp. | 72,374 | ||||||
285 | Progress Software Corp. | 11,514 | ||||||
32 | Proofpoint, Inc.(a) | 3,721 | ||||||
126 | Qualys, Inc.(a) | 14,530 | ||||||
332 | Salesforce.com, Inc.(a) | 58,030 | ||||||
1,949,862 | ||||||||
Specialty Retail (1.3%) | ||||||||
18 | AutoZone, Inc.(a) | 20,661 | ||||||
477 | Best Buy Co., Inc. | 37,249 | ||||||
71 | Burlington Stores, Inc.(a) | 14,887 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Specialty Retail, continued: | ||||||||
514 | Lowe's Cos., Inc. | $ | 67,000 | |||||
215 | O'Reilly Automotive, Inc.(a) | 89,707 | ||||||
472 | Ross Stores, Inc. | 45,765 | ||||||
398 | Shoe Carnival, Inc. | 10,344 | ||||||
202 | Sleep Number Corp.(a) | 6,296 | ||||||
1,041 | The Home Depot, Inc. | 258,667 | ||||||
764 | The TJX Cos., Inc. | 40,309 | ||||||
61 | Ulta Beauty, Inc.(a) | 14,885 | ||||||
46 | Winmark Corp. | 6,618 | ||||||
612,388 | ||||||||
Technology Hardware, Storage & Peripherals (2.4%) | ||||||||
3,396 | Apple, Inc. | 1,079,725 | ||||||
965 | HP, Inc. | 14,610 | ||||||
180 | NetApp, Inc. | 8,017 | ||||||
1,102,352 | ||||||||
Textiles, Apparel & Luxury Goods (0.3%) | ||||||||
53 | Deckers Outdoor Corp.(a) | 9,674 | ||||||
858 | NIKE, Inc., Class B | 84,582 | ||||||
154 | Oxford Industries, Inc. | 6,563 | ||||||
627 | VF Corp. | 35,175 | ||||||
135,994 | ||||||||
Thrifts & Mortgage Finance (0.0%^) | ||||||||
708 | New York Community Bancorp, Inc. | 7,115 | ||||||
384 | Radian Group, Inc. | 6,098 | ||||||
13,213 | ||||||||
Tobacco (0.2%) | ||||||||
1,647 | Altria Group, Inc. | 64,316 | ||||||
254 | Philip Morris International, Inc. | 18,633 | ||||||
82,949 | ||||||||
Trading Companies & Distributors (0.3%) | ||||||||
695 | Fastenal Co. | 28,676 | ||||||
1,660 | H&E Equipment Services, Inc. | 28,452 | ||||||
1,230 | HD Supply Holdings, Inc.(a) | 39,003 | ||||||
210 | MSC Industrial Direct Co., Inc., Class A | 14,561 | ||||||
71 | Watsco, Inc. | 12,632 | ||||||
123,324 | ||||||||
Water Utilities (0.1%) | ||||||||
107 | American States Water Co. | 8,775 | ||||||
153 | American Water Works Co., Inc. | 19,431 | ||||||
994 | Consolidated Water Co., Ltd. | 14,741 | ||||||
704 | Pure Cycle Corp.(a) | 7,153 | ||||||
50,100 | ||||||||
Wireless Telecommunication Services (0.1%) | ||||||||
657 | Telephone & Data Systems, Inc. | 13,462 | ||||||
247 | T-Mobile US, Inc.(a) | 24,710 | ||||||
38,172 | ||||||||
Total Common Stocks | 23,051,882 | |||||||
Asset Backed Securities (2.8%) | ||||||||
$ | 188,250 | AccessLex Institute, Series 2007-1, Class C, 1.39% (US0003M + 40 bps), 10/25/35* | 160,897 | |||||
79,847 | Exeter Automobiles Receivables Trust, Series 2018-3A, Class B, 3.46%, 10/17/22*(b) | 80,006 | ||||||
215,000 | Insite Issuer LLC, Series 2016-1A, Class A, 2.88%, 11/15/46*(b) | 210,948 | ||||||
70,000 | Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 3/20/45*(b) | 71,028 | ||||||
136,206 | Saxon Asset Securities Trust, Series 2003-3, Class A5, 4.58%, 12/25/33*(c) | 136,998 |
24
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Asset Backed Securities, continued: | ||||||||
$ | 210,000 | SLM Student Loan Trust, Series 2012-7, Class B, 1.97% (US0001M + 180 bps), 9/25/43* | $ | 180,409 | ||||
197,500 | Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44*(b) | 202,527 | ||||||
78,500 | UBS Commercial Mortgage Trust, Series 2018-C10, Class A1, 3.18%, 5/15/51 | 80,250 | ||||||
146,625 | Vantage Data Centers Issuer LLC, Series 2018-1A, Class A2, 4.07%, 2/16/43*(b) | 148,253 | ||||||
Total Asset Backed Securities | 1,271,316 | |||||||
Mortgage Backed Securities† (10.9%) | ||||||||
Alt-A - Adjustable Rate Mortgage Backed Securities (0.3%) | ||||||||
174,440 | Bear Stearns Alternative-A Trust, Series 2007-2, Class 2A1, 3.35%, 4/25/37*(c) | 141,332 | ||||||
1,576 | Deutsche Mortgage Securities, Inc., Series 2003-4XS, Class A6A, 5.32% (US0003M + 119 bps), 10/25/33* | 1,570 | ||||||
142,902 | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities (1.2%) | ||||||||
44,990 | Bank of America Alternative Loan Trust, Series 2005-10, Class 1CB4, 5.50%, 11/25/35* | 42,588 | ||||||
59,140 | Citi Mortgage Alternative Loan Trust, Series 2007-A2, Class 1A5, 6.00%, 2/25/37* | 57,110 | ||||||
22,765 | Countrywide Alternative Loan Trust, Series 2005-53T2, Class 2A4, 5.50%, 11/25/35* | 17,084 | ||||||
17,224 | Countrywide Alternative Loan Trust, Series 2006-8T1, Class 2A3, 5.50%, 4/25/36* | 16,233 | ||||||
10,495 | Countrywide Alternative Loan Trust, Series 2006-41CB, Class 2A4, 6.00%, 1/25/37* | 7,740 | ||||||
17,947 | Countrywide Alternative Loan Trust, Series 2004-J2, Class 2A1, 6.50%, 3/25/34* | 18,459 | ||||||
70,445 | Deutsche Alternative-A Securities, Inc. Mortgage Loan Trust, Series 2006-AB2, Class A3, 5.12%, 6/25/36*(c) | 65,980 | ||||||
4,562 | Master Alternative Loans Trust, Series 2004-6, Class 10A1, 6.00%, 7/25/34* | 4,789 | ||||||
30,541 | Master Alternative Loans Trust, Series 2004-8, Class 5A1, 6.00%, 9/25/34* | 31,831 | ||||||
78,314 | Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34* | 80,495 | ||||||
24,921 | Nomura Asset Acceptance Corp., Series 2005-AP1, Class 2A5, 4.86%, 2/25/35*(c) | 25,135 | ||||||
16,787 | Nomura Asset Acceptance Corp., Series 2005-AP2, Class A5, 5.48%, 5/25/35*(c) | 11,698 | ||||||
144,173 | Nomura Asset Acceptance Corp., Series 2006-AF1, Class 1A2, 6.16%, 5/25/36*(c) | 48,785 | ||||||
9,233 | Residential Accredit Loans, Inc., Series 2006-QS5, Class A9, 6.00%, 5/25/36* | 8,513 | ||||||
59,563 | Residential Asset Securitization Trust, Series 2005-A9, Class A3, 5.50%, 7/25/35* | 48,525 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Alt-A - Fixed Rate Mortgage Backed Securities, continued: | ||||||||
$ | 37,021 | Residential Asset Securitization Trust, Series 2006-A2, Class A3, 6.00%, 5/25/36* | $ | 23,696 | ||||
35,271 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-5, Class CB14, 5.50%, 7/25/35* | 33,727 | ||||||
542,388 | ||||||||
Prime Adjustable Rate Mortgage Backed Securities (0.0%^) | ||||||||
8,271 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 2A2, 3.91%, 9/25/34*(c) | 7,560 | ||||||
7,720 | Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.98%, 7/25/37*(c) | 6,578 | ||||||
14,138 | ||||||||
Prime Fixed Mortgage Backed Securities (1.6%) | ||||||||
183,763 | American Home Mortgage Investment Trust, Series 2005-2, Class 5A4C, 5.91%, 9/25/35*(c) | 127,693 | ||||||
19,620 | Banc of America Funding Trust, Series 2006-4, Class A14, 6.00%, 7/25/36* | 17,889 | ||||||
31,628 | CHL Mortgage Pass-Through Trust 2005-22, Series 2005-22, Class 2A1, 3.56%, 11/25/35*(c) | 27,767 | ||||||
11,353 | Citigroup Mortgage Loan Trust, Inc., Series 2005-2, Class 1A4, 3.48%, 5/25/35*(c) | 10,919 | ||||||
86,494 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM1, Class 1A2, 6.50%, 7/25/34* | 92,396 | ||||||
106,787 | COLT Mortgage Loan Trust, Series 2018-2, Class A1, 3.47%, 7/27/48*(b)(c) | 107,276 | ||||||
26,457 | Countrywide Home Loans, Series 2005-J1, Class 1A8, 5.50%, 2/25/35* | 26,307 | ||||||
30,661 | Countrywide Home Loans, Series 2007-J3, Class A10, 6.00%, 7/25/37* | 20,058 | ||||||
42,000 | Credit Suisse First Boston Mortgage Securities Corp., Series 2005-1, Class 2A1, 5.50%, 2/25/35* | 39,534 | ||||||
24,281 | Credit Suisse Mortgage Capital Certificates, Series 2006-2, Class 3A1, 6.50%, 3/25/36* | 10,818 | ||||||
167,335 | Flagstar Mortgage Trust, Series 2019-2, Class A3, 3.50%, 12/25/49*(b)(c) | 167,736 | ||||||
60,738 | Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56*(b)(c) | 61,932 | ||||||
13,630 | Lehman Mortgage Trust, Series 2005-3, Class 2A3, 5.50%, 1/25/36* | 13,833 | ||||||
15,025 | Residential Asset Mortgage Products, Inc., Series 2004-SL1, Class A7, 7.00%, 11/25/31* | 15,695 | ||||||
420 | Washington Mutual, Series 2003-S4, Class 4A1, 4.00%, 2/25/32* | 440 | ||||||
740,293 | ||||||||
Subprime Mortgage Backed Securities (0.7%) | ||||||||
107,136 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57*(b)(c) | 109,895 |
25
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
Subprime Mortgage Backed Securities, continued: | ||||||||
$ | 64,449 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58*(b)(c) | $ | 66,265 | ||||
124,164 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58*(b)(c) | 128,157 | ||||||
304,317 | ||||||||
U.S. Government Agency Mortgage Backed Securities (7.1%) | ||||||||
63,643 | Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42 | 61,921 | ||||||
39,449 | Fannie Mae, Series 2012-10, Class TA, 2.00%, 3/25/38 | 39,811 | ||||||
69,374 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 70,646 | ||||||
132,597 | Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43 | 136,972 | ||||||
128,050 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(c) | 130,083 | ||||||
178,167 | Fannie Mae, Series 2011-146, Class HE, 2.50%, 10/25/41 | 185,643 | ||||||
8,553 | Fannie Mae, Series 2012-2, Class 10A1, 2.50%, 5/25/41 | 8,649 | ||||||
100,400 | Fannie Mae, Series 2017-43, Class PA, 2.50%, 6/25/47 | 105,555 | ||||||
189,068 | Fannie Mae, Series 2017-M5, Class A1, 2.74%, 4/25/29 | 204,424 | ||||||
104,941 | Fannie Mae, Series 2010-99, Class JU, 3.00%, 8/25/40 | 110,875 | ||||||
34,620 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 36,891 | ||||||
1,705 | Fannie Mae, Series 2011-124, Class 10A1, 3.00%, 9/25/29 | 1,705 | ||||||
108,355 | Fannie Mae, Series 2015-46, Class MD, 3.00%, 5/25/43 | 110,899 | ||||||
108,668 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 115,214 | ||||||
133,079 | Fannie Mae, Series 18-70, Class KA, 3.50%, 3/25/43 | 134,578 | ||||||
208,089 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 2/25/30 | 236,119 | ||||||
187,784 | Fannie Mae, Series 2018-M13, Class A1, 3.70%, 3/25/30(c) | 215,926 | ||||||
23,402 | Fannie Mae, Series 2012-16, Class K, 4.00%, 10/25/41 | 25,295 | ||||||
12,998 | Fannie Mae, 4.50%, 4/1/35, Pool #814522 | 14,276 | ||||||
12,887 | Fannie Mae, 5.50%, 10/1/35, Pool #838584 | 14,191 | ||||||
1,092 | Fannie Mae, 6.00%, 5/1/35, Pool #357778 | 1,238 | ||||||
3,000 | Fannie Mae, Series 1999-18, Class LL, 6.50%, 4/18/29 | 3,406 | ||||||
37,023 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 37,202 | ||||||
52,922 | Freddie Mac, Series 4408, Class GA, 2.00%, 9/15/41 | 54,095 | ||||||
90,193 | Freddie Mac, Series 4312, Class 10A1, 2.50%, 12/15/41 | 93,233 | ||||||
85,872 | Freddie Mac, Series 4395, Class PA, 2.50%, 4/15/37 | 89,538 | ||||||
106,204 | Freddie Mac, Series 4316, Class JY, 3.00%, 1/15/44 | 113,177 |
Shares or Principal Amount | Security Description | Value | ||||||
Mortgage Backed Securities†, continued: | ||||||||
U.S. Government Agency Mortgage Backed Securities, continued: | ||||||||
$ | 78,031 | Freddie Mac, Series 4348, Class A, 3.00%, 6/15/39 | $ | 82,600 | ||||
99,826 | Freddie Mac, Series 4486, Class PA, 3.00%, 3/15/44 | 102,225 | ||||||
150,594 | Freddie Mac, Series 4668, Class KA, 3.00%, 1/15/55 | 159,104 | ||||||
9,165 | Freddie Mac, 3.65% (H15T1Y + 172 bps), 6/1/28, Pool #605508 | 9,260 | ||||||
1,136 | Freddie Mac, 5.50%, 1/1/35, Pool #A30935 | 1,323 | ||||||
9,499 | Freddie Mac, Series 1443, Class I, 7.50%, 12/15/22* | 10,025 | ||||||
30,104 | Freddie Mac Pass-Through Certificates, Series KJ17, Class A1, 2.40%, 10/25/24 | 30,837 | ||||||
10,648 | Government National Mortgage Assoc., Series 2013-104, Class DC, 2.00%, 4/20/40 | 10,759 | ||||||
71,450 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 73,186 | ||||||
210,713 | Government National Mortgage Assoc., Series 2020-5, Class PE, 3.00%, 9/20/49 | 216,133 | ||||||
141,676 | Government National Mortgage Assoc., Series 2019-85, Class MP, 3.50%, 6/20/49 | 148,067 | ||||||
689 | Government National Mortgage Assoc., 6.00%, 2/20/26, Pool #2166 | 758 | ||||||
37,311 | Government National Mortgage Assoc., 6.31%, 3/20/33, Pool #612258 | 40,620 | ||||||
4,434 | Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #492747 | 4,908 | ||||||
3,241,367 | ||||||||
Total Mortgage Backed Securities | 4,985,405 | |||||||
Corporate Bonds (13.0%) | ||||||||
Banks (1.5%) | ||||||||
440,000 | Bank of America Corp., 3.55% (US0003M + 78 bps), 3/5/24, Callable 3/5/23 @ 100 * | 467,211 | ||||||
250,000 | Wells Fargo & Co., 3.00%, 10/23/26 | 266,623 | ||||||
733,834 | ||||||||
Beverages (0.9%) | ||||||||
200,000 | Keurig Dr Pepper, Inc., 3.20%, 5/1/30, Callable 2/1/30 @ 100 * | 217,789 | ||||||
155,000 | Keurig Dr Pepper, Inc., 4.42%, 5/25/25, Callable 3/25/25 @ 100 * | 176,588 | ||||||
394,377 | ||||||||
Capital Markets (0.8%) | ||||||||
250,000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 * | 269,474 | ||||||
185,070 | Preferred Term Securities XX, Class B2, 1.19% (US0003M + 45 bps), 3/22/38, Callable 7/7/20 @ 100 *(b) | 112,893 | ||||||
382,367 | ||||||||
Consumer Finance (0.4%) | ||||||||
200,000 | Toyota Motor Credit Corp., 1.35%, 8/25/23, MTN | 201,848 | ||||||
Diversified Financial Services (1.1%) | ||||||||
325,000 | BP Capital Markets America, Inc., 2.75%, 5/10/23 | 341,511 |
26
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Diversified Financial Services, continued: | ||||||||
$ | 160,000 | National Rural Utilities Cooperative Finance Corp., 3.25%, 11/1/25, Callable 8/1/25 @ 100, MTN * | $ | 175,847 | ||||
517,358 | ||||||||
Diversified Telecommunication Services (1.0%) | ||||||||
130,000 | AT&T, Inc., 3.40%, 5/15/25, Callable 2/15/25 @ 100 * | 140,369 | ||||||
270,000 | AT&T, Inc., 5.25%, 3/1/37, Callable 9/1/36 @ 100 * | 330,042 | ||||||
470,411 | ||||||||
Electric Utilities (1.0%) | ||||||||
210,000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 9/1/27 @ 100 * | 225,160 | ||||||
200,000 | Southern California Edison Co., 3.50%, 10/1/23, Callable 7/1/23 @ 100 * | 211,898 | ||||||
437,058 | ||||||||
Entertainment (0.3%) | ||||||||
155,000 | Walt Disney Co. (The), 2.00%, 9/1/29, Callable 6/1/29 @ 100 * | 157,053 | ||||||
Food Products (1.1%) | ||||||||
175,000 | Campbell Soup Co., 3.95%, 3/15/25, Callable 1/15/25 @ 100 * | 194,316 | ||||||
250,000 | Conagra Brands, Inc., 4.85%, 11/1/28, Callable 8/1/28 @ 100 * | 296,955 | ||||||
491,271 | ||||||||
Health Care Providers & Services (1.4%) | ||||||||
225,000 | Advocate Health & Hospitals Corp., 2.21%, 6/15/30, Callable 3/15/30 @ 100 * | 228,652 | ||||||
215,000 | Partners Healthcare Syst, Inc., Series 2020, 3.19%, 7/1/49, Callable 1/1/49 @ 100 * | 218,883 | ||||||
180,000 | Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 * | 200,929 | ||||||
648,464 | ||||||||
Hotels, Restaurants & Leisure (0.3%) | ||||||||
85,000 | Royal Caribbean Cruises, 5.25%, 11/15/22 | 70,550 | ||||||
55,000 | Starbucks Corp., 3.75%, 12/1/47, Callable 6/1/47 @ 100 * | 57,819 | ||||||
128,369 | ||||||||
Industrial Conglomerates (0.5%) | ||||||||
230,000 | General Electric Co., 3.10%, 1/9/23 | 236,989 | ||||||
Insurance (0.5%) | ||||||||
200,000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (b) | 207,664 | ||||||
Media (0.5%) | ||||||||
185,000 | Comcast Corp., 3.30%, 2/1/27, Callable 11/1/26 @ 100 * | 206,176 | ||||||
Semiconductors & Semiconductor Equipment (0.5%) | ||||||||
130,000 | Applied Materials, Inc., 1.75%, 6/1/30, Callable 3/1/30 @ 100 * | 129,739 | ||||||
70,000 | Intel Corp., 3.25%, 11/15/49, Callable 5/15/49 @ 100 * | 77,489 | ||||||
207,228 | ||||||||
Specialty Retail (0.6%) | ||||||||
220,000 | Lowe's Cos., Inc., 4.50%, 4/15/30, Callable 1/15/30 @ 100 * | 264,794 |
Shares or Principal Amount | Security Description | Value | ||||||
Corporate Bonds, continued: | ||||||||
Technology Hardware, Storage & Peripherals (0.6%) | ||||||||
$ | 225,000 | Apple, Inc., 3.20%, 5/11/27, Callable 2/11/27 @ 100 * | $ | 253,893 | ||||
Total Corporate Bonds | 5,939,154 | |||||||
Taxable Municipal Bonds (5.1%) | ||||||||
Illinois (0.3%) | ||||||||
150,000 | Northern Illinois Municipal Power Agency Power Project Revenue, Build America Bonds Revenue, 6.29%, 1/1/21, Continuously Callable @100 | 150,513 | ||||||
Michigan (1.1%) | ||||||||
240,000 | County of Jackson Michigan, GO, 3.73%, 12/1/30, Continuously Callable @100 | 262,313 | ||||||
210,000 | Houghton-Portage Township School District, GO, Series B, 2.70%, 5/1/25, Insured by: Q-SBLF | 218,492 | ||||||
480,805 | ||||||||
Missouri (0.2%) | ||||||||
100,000 | Hanley Road Corridor Transnational Development Missouri Transnational Tax Revenue, Build America Bonds, GO, 7.50%, 10/1/39, Continuously Callable @100 | 100,354 | ||||||
New York (0.5%) | ||||||||
225,000 | New York City Housing Development Corp. Revenue, Class L, 2.79%, 5/1/28, Continuously Callable @100 | 234,954 | ||||||
Ohio (0.8%) | ||||||||
330,000 | County of Cuyahoga Ohio Revenue, 3.48%, 7/1/32, Continuously Callable @100 | 352,846 | ||||||
Rhode Island (0.5%) | ||||||||
225,000 | Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25 | 238,302 | ||||||
Texas (0.9%) | ||||||||
360,000 | County of Burnet Texas, GO, 4.20%, 3/1/34, Continuously Callable @100 | 377,691 | ||||||
Utah (0.5%) | ||||||||
250,000 | Utah Transit Authority Revenue, 2.04%, 12/15/31, Continuously Callable @100 | 239,740 | ||||||
Wisconsin (0.3%) | ||||||||
140,000 | Wisconsin State, Build America Bonds, GO, Series D, 5.10%, 5/1/41, Continuously Callable @100 | 143,032 | ||||||
Total Taxable Municipal Bonds | 2,318,237 | |||||||
U.S. Government Agency Securities (0.8%) | ||||||||
Federal Farm Credit Bank | ||||||||
200,000 | 1.35%, 4/21/26, Callable 7/21/20 @ 100 * | 199,999 | ||||||
Freddie Mac | ||||||||
152,923 | Series 4683, 3.00%, 4/15/46 | 156,302 | ||||||
3,196 | Series 2302, 6.50%, 4/15/31 | 3,564 | ||||||
159,866 | ||||||||
Total U.S. Government Agency Securities | 359,865 | |||||||
U.S. Treasury Obligations (8.2%) | ||||||||
U.S. Treasury Bonds | ||||||||
1,028,000 | 2.25%, 8/15/46 | 1,219,063 |
27
CAVANAL HILL FUNDS
Active Core Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
U.S. Treasury Obligations, continued: | ||||||||
U.S. Treasury Notes | ||||||||
$ | 1,342,000 | 1.38%, 10/15/22 | $ | 1,380,006 | ||||
747,000 | 2.00%, 4/30/24 | 798,123 | ||||||
304,000 | 2.25%, 2/15/27 | 339,720 | ||||||
2,517,849 | ||||||||
Total U.S. Treasury Obligations | 3,736,912 | |||||||
Investment Companies (6.2%) | ||||||||
1,662 | iShares Iboxx $ Investment Grade Corporate Bond ETF | 219,417 | ||||||
17,502 | iShares MSCI EAFE Index Fund ETF | 1,043,820 | ||||||
21,570 | iShares MSCI Emerging Markets Index Fund ETF | 813,836 | ||||||
20,945 | iShares Silver Trust | 348,944 | ||||||
2,430 | SPDR Gold Shares | 395,871 | ||||||
Total Investment Companies | 2,821,888 |
Shares or Principal Amount | Security Description | Value | ||||||
Investment in Affiliates (2.2%) | ||||||||
705,509 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(d) | $ | 705,509 | |||||
52,409 | Cavanal Hill World Energy Fund, Institutional Shares | 309,472 | ||||||
Total Investment in Affiliates | 1,014,981 | |||||||
Total Investments (Cost $36,654,701) - 99.7% | 45,499,640 | |||||||
Other assets in excess of liabilities — 0.3% | 114,883 | |||||||
Net Assets - 100.0% | $ | 45,614,523 |
(a) | Non-income producing security. |
(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) | 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 May 31, 2020. |
(d) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2020. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
^ | Represents less than 0.05%. |
† | 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 |
GO | General Obligation |
H15T1Y | 1 Year Treasury Constant Maturity Rate |
LIBOR | London Interbank Offered Rate |
MTN | Medium Term Note |
Q-SBLF | Qualified School Bond Loan Fund |
US0001M | 1 Month US Dollar LIBOR |
US0003M | 3 Month US Dollar LIBOR |
28
CAVANAL HILL FUNDS
Mid Cap Core Equity Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares | Security Description | Value | ||||||
Common Stocks (94.3%) | ||||||||
Aerospace & Defense (1.5%) | ||||||||
61 | L3Harris Technologies, Inc. | $ | 12,166 | |||||
122 | Spirit AeroSystems Holdings, Inc., Class A | 2,644 | ||||||
14,810 | ||||||||
Auto Components (1.8%) | ||||||||
206 | BorgWarner, Inc. | 6,623 | ||||||
267 | Gentex Corp. | 7,059 | ||||||
39 | Lear Corp. | 4,136 | ||||||
17,818 | ||||||||
Banks (2.6%) | ||||||||
284 | CIT Group, Inc. | 5,152 | ||||||
113 | Commerce Bancshares, Inc. | 7,201 | ||||||
90 | East West Bancorp, Inc. | 3,146 | ||||||
25 | SVB Financial Group(a) | 5,369 | ||||||
102 | Western Alliance Bancorp | 3,891 | ||||||
24,759 | ||||||||
Biotechnology (1.6%) | ||||||||
230 | Exelixis, Inc.(a) | 5,683 | ||||||
58 | Incyte Corp.(a) | 5,911 | ||||||
32 | Neurocrine Biosciences, Inc.(a) | 3,992 | ||||||
15,586 | ||||||||
Building Products (1.4%) | ||||||||
74 | Allegion PLC | 7,378 | ||||||
27 | Lennox International, Inc. | 5,774 | ||||||
13,152 | ||||||||
Capital Markets (3.4%) | ||||||||
100 | LPL Financial Holdings, Inc. | 7,139 | ||||||
48 | MSCI, Inc., Class A | 15,785 | ||||||
63 | Nasdaq, Inc. | 7,463 | ||||||
51 | SEI Investments Co. | 2,765 | ||||||
33,152 | ||||||||
Chemicals (0.4%) | ||||||||
170 | Axalta Coating Systems, Ltd.(a) | 3,929 | ||||||
Commercial Services & Supplies (1.8%) | ||||||||
60 | Cintas Corp. | 14,878 | ||||||
61 | IAA, Inc.(a) | 2,501 | ||||||
17,379 | ||||||||
Communications Equipment (1.0%) | ||||||||
43 | Arista Networks, Inc.(a) | 10,039 | ||||||
Consumer Finance (2.1%) | ||||||||
8 | Credit Acceptance Corp.(a) | 2,959 | ||||||
600 | Navient Corp. | 4,464 | ||||||
188 | Onemain Holdings, Inc. | 4,386 | ||||||
407 | Synchrony Financial | 8,290 | ||||||
20,099 | ||||||||
Containers & Packaging (2.2%) | ||||||||
33 | AptarGroup, Inc. | 3,676 | ||||||
162 | Berry Global Group, Inc.(a) | 7,275 | ||||||
104 | Packaging Corp. of America | 10,547 | ||||||
21,498 | ||||||||
Distributors (0.6%) | ||||||||
21 | Pool Corp. | 5,649 | ||||||
Diversified Consumer Services (0.9%) | ||||||||
33 | Bright Horizons Family Solutions, Inc.(a) | 3,692 | ||||||
140 | ServiceMaster Global Holdings, Inc.(a) | 4,606 | ||||||
8,298 | ||||||||
Diversified Financial Services (0.6%) | ||||||||
128 | Voya Financial, Inc. | 5,766 | ||||||
Electric Utilities (1.5%) | ||||||||
228 | OGE Energy Corp. | 7,141 | ||||||
278 | PPL Corp. | 7,767 | ||||||
14,908 |
Shares | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Electrical Equipment (0.8%) | ||||||||
37 | Acuity Brands, Inc. | $ | 3,188 | |||||
52 | Regal-Beloit Corp. | 4,136 | ||||||
7,324 | ||||||||
Electronic Equipment, Instruments & Components (1.4%) | ||||||||
126 | CDW Corp. | 13,975 | ||||||
Equity Real Estate Investment Trusts (9.5%) | ||||||||
446 | American Homes 4 Rent, Class A | 11,256 | ||||||
77 | Apartment Investment & Management Co. | 2,839 | ||||||
224 | Columbia Property Trust, Inc. | 2,852 | ||||||
172 | Corporate Office Properties Trust | 4,295 | ||||||
373 | CubeSmart | 10,616 | ||||||
92 | Douglas Emmett, Inc. | 2,701 | ||||||
345 | Duke Realty Corp. | 11,895 | ||||||
131 | Equity LifeStyle Properties, Inc. | 8,161 | ||||||
134 | Extra Space Storage, Inc. | 12,964 | ||||||
441 | Host Hotels & Resorts, Inc. | 5,266 | ||||||
63 | JBG SMITH Properties | 1,873 | ||||||
61 | Lamar Advertising Co. | 4,044 | ||||||
367 | Park Hotels & Resorts, Inc. | 3,608 | ||||||
84 | SL Green Realty Corp. | 3,538 | ||||||
101 | Welltower, Inc. | 5,118 | ||||||
91,026 | ||||||||
Food Products (3.4%) | ||||||||
247 | Hormel Foods Corp. | 12,062 | ||||||
109 | Ingredion, Inc. | 9,181 | ||||||
39 | Kellogg Co. | 2,547 | ||||||
52 | Lamb Weston Holdings, Inc. | 3,123 | ||||||
96 | Tyson Foods, Inc., Class A | 5,898 | ||||||
32,811 | ||||||||
Gas Utilities (0.7%) | ||||||||
199 | UGI Corp. | 6,336 | ||||||
Health Care Equipment & Supplies (5.0%) | ||||||||
26 | Align Technology, Inc.(a) | 6,386 | ||||||
90 | Hill-Rom Holdings, Inc. | 9,150 | ||||||
208 | Hologic, Inc.(a) | 11,024 | ||||||
33 | IDEXX Laboratories, Inc.(a) | 10,193 | ||||||
33 | Teleflex, Inc. | 11,975 | ||||||
48,728 | ||||||||
Health Care Providers & Services (1.9%) | ||||||||
72 | Centene Corp.(a) | 4,770 | ||||||
15 | Chemed Corp. | 7,177 | ||||||
36 | Molina Healthcare, Inc.(a) | 6,690 | ||||||
18,637 | ||||||||
Health Care Technology (1.6%) | ||||||||
71 | Veeva Systems, Inc.(a) | 15,540 | ||||||
Hotels, Restaurants & Leisure (2.5%) | ||||||||
77 | Darden Restaurants, Inc. | 5,918 | ||||||
41 | Dunkin' Brands Group, Inc. | 2,619 | ||||||
201 | Hilton Worldwide Holdings, Inc. | 15,941 | ||||||
24,478 | ||||||||
Household Products (1.6%) | ||||||||
87 | Church & Dwight Co., Inc. | 6,531 | ||||||
43 | The Clorox Co. | 8,869 | ||||||
15,400 | ||||||||
Independent Power and Renewable Electricity Producers (0.3%) | ||||||||
200 | AES Corp. | 2,498 | ||||||
Insurance (4.3%) | ||||||||
113 | Assured Guaranty, Ltd. | 2,930 | ||||||
224 | Brighthouse Financial, Inc.(a) | 6,655 | ||||||
47 | Cincinnati Financial Corp. | 2,771 | ||||||
26 | Erie Indemnity Co., Class A | 4,686 | ||||||
228 | FNF Group | 7,273 | ||||||
43 | The Hanover Insurance Group, Inc. | 4,315 |
29
CAVANAL HILL FUNDS
Mid Cap Core Equity Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Insurance, continued: | ||||||||
138 | The Hartford Financial Services Group, Inc. | $ | 5,284 | |||||
542 | Unum Group | 8,212 | ||||||
42,126 | ||||||||
Interactive Media & Services (0.9%) | ||||||||
74 | Match Group, Inc.(a) | 6,589 | ||||||
81 | Twitter, Inc.(a) | 2,509 | ||||||
9,098 | ||||||||
Internet & Direct Marketing Retail (0.3%) | ||||||||
39 | Etsy, Inc.(a) | 3,158 | ||||||
IT Services (6.1%) | ||||||||
225 | Fiserv, Inc.(a) | 24,022 | ||||||
85 | Global Payments, Inc. | 15,257 | ||||||
92 | VeriSign, Inc.(a) | 20,149 | ||||||
59,428 | ||||||||
Leisure Products (0.5%) | ||||||||
64 | Hasbro, Inc. | 4,705 | ||||||
Life Sciences Tools & Services (3.9%) | ||||||||
218 | Agilent Technologies, Inc. | 19,214 | ||||||
25 | Charles River Laboratories International, Inc.(a) | 4,492 | ||||||
9 | Mettler-Toledo International, Inc.(a) | 7,155 | ||||||
36 | Waters Corp.(a) | 7,195 | ||||||
38,056 | ||||||||
Machinery (2.7%) | ||||||||
264 | Allison Transmission Holdings, Inc. | 9,958 | ||||||
94 | Graco, Inc. | 4,532 | ||||||
14 | IDEX Corp. | 2,231 | ||||||
96 | The Timken Co. | 4,084 | ||||||
77 | The Toro Co. | 5,472 | ||||||
26,277 | ||||||||
Media (1.0%) | ||||||||
154 | AMC Networks, Inc., Class A(a) | 4,354 | ||||||
253 | Discovery, Inc., Class C(a) | 4,956 | ||||||
9,310 | ||||||||
Metals & Mining (1.1%) | ||||||||
55 | Reliance Steel & Aluminum Co. | 5,335 | ||||||
186 | Steel Dynamics, Inc. | 4,940 | ||||||
10,275 | ||||||||
Mortgage Real Estate Investment Trusts (0.4%) | ||||||||
264 | AGNC Investment Corp. | 3,416 | ||||||
Multiline Retail (0.8%) | ||||||||
41 | Dollar General Corp. | 7,852 | ||||||
Multi-Utilities (2.1%) | ||||||||
94 | MDU Resources Group, Inc. | 2,045 | ||||||
116 | Public Service Enterprise Group, Inc. | 5,921 | ||||||
46 | Sempra Energy | 5,810 | ||||||
75 | WEC Energy Group, Inc. | 6,880 | ||||||
20,656 |
Shares | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Oil, Gas & Consumable Fuels (0.7%) | ||||||||
194 | Cabot Oil & Gas Corp. | $ | 3,849 | |||||
87 | ONEOK, Inc. | 3,192 | ||||||
7,041 | ||||||||
Professional Services (0.3%) | ||||||||
51 | Robert Half International, Inc. | 2,588 | ||||||
Road & Rail (1.5%) | ||||||||
85 | Old Dominion Freight Line, Inc. | 14,543 | ||||||
Semiconductors & Semiconductor Equipment (5.6%) | ||||||||
109 | Advanced Micro Devices, Inc.(a) | 5,864 | ||||||
84 | Lam Research Corp. | 22,989 | ||||||
116 | Maxim Integrated Products, Inc. | 6,691 | ||||||
69 | Qorvo, Inc.(a) | 7,227 | ||||||
52 | Skyworks Solutions, Inc. | 6,164 | ||||||
54 | Xilinx, Inc. | 4,965 | ||||||
53,900 | ||||||||
Software (6.3%) | ||||||||
40 | Aspen Technology, Inc.(a) | 4,226 | ||||||
237 | Cadence Design Systems, Inc.(a) | 21,635 | ||||||
72 | Citrix Systems, Inc. | 10,665 | ||||||
19 | Fair Isaac Corp.(a) | 7,650 | ||||||
62 | Fortinet, Inc.(a) | 8,630 | ||||||
63 | Manhattan Associates, Inc.(a) | 5,569 | ||||||
96 | NortonLifeLock, Inc. | 2,187 | ||||||
60,562 | ||||||||
Specialty Retail (1.9%) | ||||||||
4 | AutoZone, Inc.(a) | 4,591 | ||||||
15 | Burlington Stores, Inc.(a) | 3,145 | ||||||
19 | O'Reilly Automotive, Inc.(a) | 7,928 | ||||||
13 | Ulta Beauty, Inc.(a) | 3,172 | ||||||
18,836 | ||||||||
Trading Companies & Distributors (1.1%) | ||||||||
162 | HD Supply Holdings, Inc.(a) | 5,137 | ||||||
45 | MSC Industrial Direct Co., Inc., Class A | 3,120 | ||||||
15 | Watsco, Inc. | 2,669 | ||||||
10,926 | ||||||||
Water Utilities (0.4%) | ||||||||
33 | American Water Works Co., Inc. | 4,191 | ||||||
Wireless Telecommunication Services (0.3%) | ||||||||
142 | Telephone & Data Systems, Inc. | 2,910 | ||||||
Total Common Stocks | 913,449 | |||||||
Investment in Affiliates (3.4%) | ||||||||
33,386 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(b) | 33,386 | ||||||
Total Investment in Affiliates | 33,386 | |||||||
Total Investments (Cost $875,737) - 97.7% | 946,835 | |||||||
Other assets in excess of liabilities — 2.3% | 22,438 | |||||||
Net Assets - 100.0% | $ | 969,273 |
(a) | Non-income producing security. |
(b) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at May 31, 2020. |
30
CAVANAL HILL FUNDS
Opportunistic Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks (73.7%) | ||||||||
Banks (2.4%) | ||||||||
7,500 | JPMorgan Chase & Co. | $ | 729,825 | |||||
Biotechnology (7.1%) | ||||||||
7,720 | AbbVie, Inc. | 715,412 | ||||||
3,201 | BioMarin Pharmaceutical, Inc.(a) | 341,067 | ||||||
9,300 | Exact Sciences Corp.(a) | 798,683 | ||||||
2,510 | Sarepta Therapeutics, Inc.(a) | 382,198 | ||||||
2,237,360 | ||||||||
Commercial Services & Supplies (4.5%) | ||||||||
19,192 | Advanced Disposal Services, Inc., Class I(a) | 598,407 | ||||||
91,017 | Covanta Holding Corp. | 819,153 | ||||||
1,417,560 | ||||||||
Communications Equipment (5.6%) | ||||||||
18,930 | Acacia Communications, Inc.(a) | 1,277,774 | ||||||
10,590 | Cisco Systems, Inc. | 506,414 | ||||||
1,784,188 | ||||||||
Diversified Telecommunication Services (2.2%) | ||||||||
22,791 | AT&T, Inc. | 703,330 | ||||||
Electric Utilities (3.1%) | ||||||||
4,050 | American Electric Power Co., Inc. | 345,262 | ||||||
3,740 | Duke Energy Corp. | 320,256 | ||||||
4,235 | Pinnacle West Capital Corp. | 329,907 | ||||||
995,425 | ||||||||
Electronic Equipment, Instruments & Components (2.1%) | ||||||||
6,220 | Keysight Technologies, Inc.(a) | 672,569 | ||||||
Entertainment (3.8%) | ||||||||
1,245 | NetEase, Inc. ADR | 476,711 | ||||||
6,225 | The Walt Disney Co. | 730,193 | ||||||
1,206,904 | ||||||||
Equity Real Estate Investment Trusts (1.4%) | ||||||||
6,845 | Lamar Advertising Co. | 453,824 | ||||||
Food & Staples Retailing (1.6%) | ||||||||
3,100 | Casey's General Stores, Inc. | 495,163 | ||||||
Health Care Equipment & Supplies (1.4%) | ||||||||
4,355 | Hill-Rom Holdings, Inc. | 442,773 | ||||||
Hotels, Restaurants & Leisure (6.5%) | ||||||||
3,115 | Cracker Barrel Old Country Store Inc | 333,710 | ||||||
11,810 | Restaurant Brands International, Inc. | 644,354 | ||||||
19,930 | Six Flags Entertainment Corp. | 457,991 | ||||||
8,100 | Starbucks Corp. | 631,718 | ||||||
2,067,773 | ||||||||
Household Durables (1.6%) | ||||||||
5,595 | Garmin, Ltd. | 504,501 | ||||||
Interactive Media & Services (4.6%) | ||||||||
2,175 | IAC/InterActiveCorp.(a) | 588,054 | ||||||
19,870 | Pinterest, Inc., Class A(a) | 403,162 | ||||||
25,525 | Snap, Inc., Class A(a) | 483,444 | ||||||
1,474,660 | ||||||||
Internet & Direct Marketing Retail (3.5%) | ||||||||
265 | Amazon.com, Inc.(a) | 647,228 | ||||||
5,920 | Expedia Group, Inc. | 470,522 | ||||||
1,117,750 | ||||||||
IT Services (4.1%) | ||||||||
4,055 | Accenture PLC, Class A | 817,569 | ||||||
6,230 | GoDaddy, Inc.(a) | 481,268 | ||||||
1,298,837 | ||||||||
Oil, Gas & Consumable Fuels (3.3%) | ||||||||
8,100 | Diamondback Energy, Inc. | 344,898 | ||||||
4,730 | Phillips 66 | 370,170 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Oil, Gas & Consumable Fuels, continued: | ||||||||
3,610 | Pioneer Natural Resources Co. | $ | 330,676 | |||||
1,045,744 | ||||||||
Pharmaceuticals (2.3%) | ||||||||
143,221 | MediWound, Ltd.(a) | 293,603 | ||||||
5,605 | Merck & Co., Inc. | 452,436 | ||||||
746,039 | ||||||||
Semiconductors & Semiconductor Equipment (3.9%) | ||||||||
2,200 | Lam Research Corp. | 602,074 | ||||||
6,580 | NXP Semiconductors NV | 632,338 | ||||||
1,234,412 | ||||||||
Software (3.3%) | ||||||||
6,225 | Elastic NV(a) | 534,852 | ||||||
1,900 | Ringcentral, Inc.(a) | 521,075 | ||||||
1,055,927 | ||||||||
Specialty Retail (2.1%) | ||||||||
3,420 | Ross Stores, Inc. | 331,603 | ||||||
6,220 | The TJX Cos., Inc. | 328,167 | ||||||
659,770 | ||||||||
Textiles, Apparel & Luxury Goods (3.3%) | ||||||||
2,005 | Lululemon Athletica, Inc.(a) | 601,690 | ||||||
8,085 | VF Corp. | 453,569 | ||||||
1,055,259 | ||||||||
Total Common Stocks | 23,399,593 | |||||||
Convertible Preferred Stocks (2.2%) | ||||||||
Household Products (2.2%) | ||||||||
7,372 | Energizer Holdings, Inc., Series A, 1.28%, | 689,945 | ||||||
Total Convertible Preferred Stocks | 689,945 | |||||||
Mortgage Backed Securities† (2.5%) | ||||||||
Prime Fixed Mortgage Backed Securities (2.5%) | ||||||||
778,325 | Onslow Bay Financial LLC, Series 2018-EXP2, 1A1, 4.00%, 7/25/58*(b)(c) | 788,777 | ||||||
Total Mortgage Backed Securities | 788,777 | |||||||
Corporate Bonds (11.7%) | ||||||||
Diversified Financial Services (2.7%) | ||||||||
858,000 | BP Capital Markets America, Inc., 4.50%, 10/1/20 | 868,044 | ||||||
Machinery (2.6%) | ||||||||
792,000 | Wabtec Corp., 4.70%, 9/15/28, Callable 6/15/28 @ 100 * | 830,896 | ||||||
Oil, Gas & Consumable Fuels (2.1%) | ||||||||
620,000 | HollyFrontier Corp., 5.88%, 4/1/26, Callable 1/1/26 @ 100 * | 671,614 | ||||||
Semiconductors & Semiconductor Equipment (4.3%) | ||||||||
1,290,000 | Marvell Technology Group, Ltd., 4.20%, 6/22/23, Callable 5/22/23 @ 100 * | 1,363,805 | ||||||
Total Corporate Bonds | 3,734,359 | |||||||
Investment Companies (3.6%) | ||||||||
29,900 | iShares Silver Trust | 498,134 | ||||||
3,970 | SPDR Gold Shares | 646,753 | ||||||
Total Investment Companies | 1,144,887 |
31
CAVANAL HILL FUNDS
Opportunistic Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Investment in Affiliates (6.1%) | ||||||||
1,931,434 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(d) | $ | 1,931,434 | |||||
Total Investment in Affiliates | 1,931,434 |
Shares or Principal Amount | Security Description | Value | ||||||
Total Investments (Cost $30,451,393) - 99.8% | $ | 31,688,995 | ||||||
Other assets in excess of liabilities — 0.2% | 63,507 | |||||||
Net Assets - 100% | $ | 31,752,502 |
(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 May 31, 2020. |
(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 May 31, 2020. |
* | 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 |
32
CAVANAL HILL FUNDS
World Energy Fund
Schedule of Portfolio Investments
May 31, 2020
(Unaudited)
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks (90.2%) | ||||||||
Auto Components (2.0%) | ||||||||
3,500 | Aptiv PLC | $ | 263,725 | |||||
Chemicals (2.0%) | ||||||||
3,500 | Albemarle Corp. | 267,820 | ||||||
Commercial Services & Supplies (3.3%) | ||||||||
50,000 | Covanta Holding Corp. | 450,000 | ||||||
Electric Utilities (0.8%) | ||||||||
42 | ALLETE, Inc. | 2,467 | ||||||
22 | American Electric Power Co., Inc. | 1,876 | ||||||
284 | Duke Energy Corp. | 24,319 | ||||||
31 | Evergy, Inc. | 1,912 | ||||||
62 | Fortis, Inc. | 2,378 | ||||||
198 | NextEra Energy, Inc. | 50,600 | ||||||
30 | Otter Tail Corp. | 1,287 | ||||||
25 | Pinnacle West Capital Corp. | 1,948 | ||||||
399 | The Southern Co. | 22,771 | ||||||
109,558 | ||||||||
Electrical Equipment (6.2%) | ||||||||
25,000 | Bloom Energy Corp., Class A(a) | 200,750 | ||||||
13,000 | TPI Composites, Inc.(a) | 269,750 | ||||||
11,000 | Vestas Wind Systems A/S ADR | 373,560 | ||||||
844,060 | ||||||||
Energy Equipment & Services (4.6%) | ||||||||
27,000 | Baker Hughes Co. | 445,770 | ||||||
948 | Halliburton Co. | 11,139 | ||||||
343 | Helmerich & Payne, Inc. | 6,905 | ||||||
2,629 | Schlumberger, Ltd. | 48,558 | ||||||
8,378 | Tenaris SA ADR | 106,065 | ||||||
618,437 | ||||||||
Gas Utilities (0.1%) | ||||||||
45 | Atmos Energy Corp. | 4,624 | ||||||
20 | Chesapeake Utilities Corp. | 1,807 | ||||||
49 | National Fuel & Gas Co. | 2,057 | ||||||
30 | Northwest Natural Holding Co. | 1,923 | ||||||
27 | Southwest Gas Holdings, Inc. | 2,051 | ||||||
12,462 | ||||||||
Independent Power and Renewable Electricity Producers (0.1%) | ||||||||
169 | AES Corp. | 2,111 | ||||||
152 | Atlantica Yield PLC | 3,982 | ||||||
107 | NRG Energy, Inc. | 3,857 | ||||||
63 | Ormat Technologies, Inc. | 4,587 | ||||||
70 | Sunnova Energy International, Inc.(a) | 1,050 | ||||||
124 | Vistra Energy Corp. | 2,535 | ||||||
18,122 | ||||||||
Multi-Utilities (1.2%) | ||||||||
19 | Consolidated Edison, Inc. | 1,426 | ||||||
729 | Dominion Resources, Inc. | 61,972 | ||||||
32 | DTE Energy Co. | 3,442 | ||||||
259 | MDU Resources Group, Inc. | 5,636 | ||||||
869 | National Grid PLC ADR | 49,637 | ||||||
275 | Sempra Energy | 34,735 | ||||||
27 | WEC Energy Group, Inc. | 2,477 | ||||||
159,325 | ||||||||
Oil, Gas & Consumable Fuels (60.1%) | ||||||||
15,572 | BP PLC ADR | 360,336 |
Shares or Principal Amount | Security Description | Value | ||||||
Common Stocks, continued: | ||||||||
Oil, Gas & Consumable Fuels, continued: | ||||||||
3,965 | Chevron Corp. | $ | 363,591 | |||||
65 | CNOOC, Ltd. ADR | 7,418 | ||||||
13,161 | ConocoPhillips | 555,131 | ||||||
7,500 | Diamondback Energy, Inc. | 319,350 | ||||||
15,208 | Enbridge, Inc. | 493,500 | ||||||
9,084 | EOG Resources, Inc. | 463,011 | ||||||
4,374 | Exxon Mobil Corp. | 198,886 | ||||||
13,000 | HollyFrontier Corp. | 408,850 | ||||||
1,367 | Kinder Morgan, Inc. | 21,599 | ||||||
50,000 | Magnolia Oil&Gas Corp., Class A(a) | 277,500 | ||||||
20,680 | Marathon Petroleum Corp. | 726,694 | ||||||
12,663 | ONEOK, Inc. | 464,605 | ||||||
40,000 | Parsley Energy, Inc., Class A | 365,600 | ||||||
8,362 | Pembina Pipeline Corp. | 209,301 | ||||||
6,910 | Phillips 66 | 540,777 | ||||||
5,000 | Pioneer Natural Resources Co. | 458,000 | ||||||
1,027 | Royal Dutch Shell PLC ADR, Class A | 32,813 | ||||||
9,821 | TC Energy Corp. | 442,043 | ||||||
13,020 | TOTAL SA ADR | 489,292 | ||||||
8,456 | Valero Energy Corp. | 563,508 | ||||||
65,000 | WPX Energy, Inc.(a) | 368,550 | ||||||
8,130,355 | ||||||||
Semiconductors & Semiconductor Equipment (7.7%) | ||||||||
9,000 | First Solar, Inc.(a) | 419,580 | ||||||
18,000 | Infineon Technologies AG ADR | 381,420 | ||||||
2,500 | NXP Semiconductors NV | 240,250 | ||||||
1,041,250 | ||||||||
Water Utilities (2.1%) | ||||||||
237 | American States Water Co. | 19,436 | ||||||
1,142 | American Water Works Co., Inc. | 145,034 | ||||||
2,597 | Essential Utilities, Inc. | 113,645 | ||||||
24 | Middlesex Water Co. | 1,629 | ||||||
35 | SJW Group | 2,199 | ||||||
281,943 | ||||||||
Total Common Stocks | 12,197,057 | |||||||
Corporate Bonds (7.1%) | ||||||||
Diversified Financial Services (1.9%) | ||||||||
250,000 | Total Capital International SA, 2.75%, 6/19/21 | 255,245 | ||||||
Oil, Gas & Consumable Fuels (5.2%) | ||||||||
250,000 | Callon Petroleum Co., 6.13%, 10/1/24, Callable 7/6/20 @ 105 * | 80,000 | ||||||
200,000 | Equinor ASA, 3.15%, 1/23/22 | 207,167 | ||||||
200,000 | Shell International Finance BV, 2.00%, 11/7/24, Callable 10/7/24 @ 100 * | 207,935 | ||||||
200,000 | Suncor Energy, Inc., 3.60%, 12/1/24, Callable 9/1/24 @ 100 * | 211,132 | ||||||
706,234 | ||||||||
Total Corporate Bonds | 961,479 | |||||||
Investment in Affiliates (0.5%) | ||||||||
72,397 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 0.18%(b) | 72,397 | ||||||
Total Investment in Affiliates | 72,397 | |||||||
Total Investments (Cost $12,428,787) - 97.8% | 13,230,933 | |||||||
Other assets in excess of liabilities — 2.2% | 301,540 | |||||||
Net Assets - 100% | $ | 13,532,473 |
33
CAVANAL HILL FUNDS
World Energy Fund
Schedule of Portfolio Investments, Continued
May 31, 2020
(Unaudited)
The Advisor has determined that 49.0% 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 May 31, 2020. |
* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
ADR | American Depositary Receipt |
34
CAVANAL HILL FUNDS
Notes to Schedule of Portfolio Investments
May 31, 2020 (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 May 31, 2020 are identified below:
Security | Acquisition Date(a) | Acquisition Cost | Principal Amount | Fair
Value | ||||||||||
Limited Duration Fund: | ||||||||||||||
Cazenovia Creek Funding II LLC, Series 2018-1A, A, 3.56%, 7/15/30 | 08/22/18 | $ | 694,593 | $ | 694,662 | $ | 687,815 | |||||||
Sun Trust Student Loan Trust, Series 2006-1A, B, 1.16%, 10/28/37 | 5/26/17 and 4/11/18 | 869,287 | 947,077 | 793,169 |
(a) Acquisition date represents the initial purchase date of the security.
35
CAVANAL HILL FUNDS
Notes to Schedule of Portfolio Investments
May 31, 2020 (Unaudited)
2. Affiliated Transactions:
A summary of each Fund’s investment in an affiliated money market fund (Government Securities Money Market Fund, Select Shares) for the period ending May 31, 2020 is noted below:
Fair Value | Net
Change in Unrealized Appreciation/ | Fair Value | Shares as of | Dividend | Net Realized | |||||||||||||||||||||||||||
Fund | 2/29/20 | Purchases | Sales | (Depreciation) | 5/31/20 | 5/31/20 | Income | Gains/(Losses) | ||||||||||||||||||||||||
Limited Duration Fund | $ | 10,828,515 | $ | 49,575,020 | $ | (47,317,702 | ) | $ | - | $ | 13,085,833 | 13,085,833 | $ | 19,068 | $ | - | ||||||||||||||||
Moderate Duration Fund | 945,381 | 9,329,329 | (8,846,793 | ) | - | 1,427,917 | 1,427,917 | 2,472 | - | |||||||||||||||||||||||
Bond Fund | 4,779,658 | 23,723,713 | (23,271,176 | ) | - | 5,232,195 | 5,232,195 | 5,645 | - | |||||||||||||||||||||||
Strategic Enhanced Yield Fund | 1,037,019 | 9,556,621 | (5,933,310 | ) | - | 4,660,330 | 4,660,330 | 2,164 | - | |||||||||||||||||||||||
Ultra Short Tax-Free Income Fund | 96,421 | 7,693,194 | (6,617,081 | ) | - | 1,172,534 | 1,172,534 | 322 | - | |||||||||||||||||||||||
Active Core Fund | 1,446,390 | 6,424,371 | (7,165,252 | ) | - | 705,509 | 705,509 | 1,135 | - | |||||||||||||||||||||||
Mid Cap Core Equity Fund | 43,654 | 119,534 | (129,802 | ) | - | 33,386 | 33,386 | 46 | - | |||||||||||||||||||||||
Opportunistic Fund | 3,500,000 | 9,807,642 | (11,376,208 | ) | - | 1,931,434 | 1,931,434 | 2,360 | - | |||||||||||||||||||||||
World Energy Fund | 578,808 | 4,080,346 | (4,586,757 | ) | - | 72,397 | 72,397 | 652 | - | |||||||||||||||||||||||
$ | 23,255,846 | $ | 120,309,770 | $ | (115,244,081 | ) | $ | - | $ | 28,321,535 | 28,321,535 | $ | 33,864 | $ | - | |||||||||||||||||
A summary of the Opportunistic Fund’s investment in an affiliated money market fund for the period ending May 31, 2020 is noted below: | ||||||||||||||||||||||||||||||||
Fair Value | Net
Change in Unrealized Appreciation/ | Fair Value | Shares as of | Dividend | Net Realized | |||||||||||||||||||||||||||
Fund | 2/29/20 | Purchases | Sales | (Depreciation) | 5/31/20 | 5/31/20 | Income | Gains/(Losses) | ||||||||||||||||||||||||
U.S. Treasury Fund, Select Shares | $ | 723,120 | $ | 7,552,467 | $ | (8,275,587 | ) | $ | - | $ | - | - | $ | 597 | $ | - | ||||||||||||||||
$ | 723,120 | $ | 7,552,467 | $ | (8,275,587 | ) | $ | - | $ | - | - | $ | 597 | $ | - | |||||||||||||||||
A summary of the Active Core Fund’s investment in an affiliated fund for the period ending May 31, 2020 is noted below: | ||||||||||||||||||||||||||||||||
Fair Value | Net
Change in Unrealized Appreciation/ | Fair Value | Shares as of | Dividend | Net Realized | |||||||||||||||||||||||||||
Fund | 2/29/20 | Purchases | Sales | (Depreciation) | 5/31/20 | 5/31/20 | Income | Gains/(Losses) | ||||||||||||||||||||||||
World Energy Fund, Institutional Shares | $ | 330,120 | $ | - | $ | - | $ | (20,648 | ) | $ | 309,472 | 52,409 | $ | 1,889 | $ | - | ||||||||||||||||
$ | 330,120 | $ | - | $ | - | $ | (20,648 | ) | $ | 309,472 | 52,409 | $ | 1,889 | $ | - |
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