# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001193125-25-268288
**Filing Date:** 2025-11
**Character Count:** 58913
**Document Hash:** e1553393659be23f849c12af327c98ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-268288.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001193125-25-268288

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 251456589

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Cash Reserves Money Market Fund (Series ID: S000011750)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000032175 | Payden Cash Reserves Money Market Fund (Investor Class) | PBHXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000885709

### General Information

**Report for (YYYY-MM-DD):** 2025-10-31

**Registrant Full Name:** The Payden & Rygel Investment Group

**CIK Number of Registrant:** 0000885709

**LEI of Registrant:** 549300QJNYRKYZS3P282

**Name of Series:** Payden Cash Reserves Money Market Fund

**LEI of Series:** 549300SI0EB26HO5RT16

**EDGAR Series Identifier:** S000011750

**Total number of share classes in the series:** 1

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                                      | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Payden & Rygel                                               | 801-19762         |
| Independent Public Accountant | Deloitte & Touche LLP<br>City: Chicago<br>State: IL          |  |
| Administrator                 | Treasury Plus, Inc.                                          |  |
| Transfer Agent                | BNY Mellon Investment Servicing (US) Inc.<br>CIK: 0000849542 | 084-01761         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-46973

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Government

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** Yes

- **WAM:** 30 days

- **WAL:** 76 days

- **Total Value of Portfolio Securities:** $403255311.02

- **Amortized Cost of Portfolio Securities:** $403202728.74

- **Cash:** $0.00

- **Total Other Assets:** $1326996.09

- **Total Liabilities:** $21239379.30

- **Net Assets of Series:** $383290345.53

- **Number of Shares Outstanding (Series):** 383301264.8600

- **Does the fund seek to maintain a stable price per share?:** Yes

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

- **Is cash management vehicle an affiliated fund?:** Yes

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-10-01 | $294436893.11             | $354936778.90              | 72.6100%                  | 87.5300%                   |
| 2025-10-02 | $239969146.61             | $345469036.63              | 61.8700%                  | 89.0700%                   |
| 2025-10-03 | $268863181.07             | $349363083.78              | 68.6200%                  | 89.1600%                   |
| 2025-10-06 | $277381732.09             | $372881639.03              | 66.7900%                  | 89.7800%                   |
| 2025-10-07 | $314732606.73             | $390232517.90              | 72.7400%                  | 90.1900%                   |
| 2025-10-08 | $322184479.05             | $382684394.45              | 75.8000%                  | 90.0400%                   |
| 2025-10-09 | $309098118.11             | $369598037.74              | 75.0100%                  | 89.6900%                   |
| 2025-10-10 | $249152775.93             | $368652708.25              | 60.5900%                  | 89.6500%                   |
| 2025-10-13 | $318173855.90             | $368673792.45              | 77.3700%                  | 89.6500%                   |
| 2025-10-14 | $320877775.73             | $376377716.51              | 76.5900%                  | 89.8400%                   |
| 2025-10-15 | $326617878.17             | $387117823.18              | 76.0100%                  | 90.0900%                   |
| 2025-10-16 | $293775934.73             | $379275883.97              | 69.6400%                  | 89.9100%                   |
| 2025-10-17 | $296898455.48             | $357398417.41              | 74.2200%                  | 89.3400%                   |
| 2025-10-20 | $303278335.25             | $378778301.41              | 71.9600%                  | 89.8800%                   |
| 2025-10-21 | $319810528.73             | $375310499.12              | 76.0200%                  | 89.2100%                   |
| 2025-10-22 | $301014754.90             | $366014754.90              | 73.9800%                  | 89.9500%                   |
| 2025-10-23 | $269043126.65             | $369043126.65              | 65.6300%                  | 90.0200%                   |
| 2025-10-24 | $296893013.85             | $371893013.85              | 71.9100%                  | 90.0800%                   |
| 2025-10-27 | $299981527.45             | $389981527.45              | 69.7000%                  | 90.6100%                   |
| 2025-10-28 | $320620508.54             | $380620508.54              | 76.1500%                  | 90.4000%                   |
| 2025-10-29 | $363702320.74             | $388702320.74              | 84.7600%                  | 90.5900%                   |
| 2025-10-30 | $269486126.78             | $389486126.78              | 63.2100%                  | 91.3600%                   |
| 2025-10-31 | $273282572.88             | $368282572.88              | 67.5500%                  | 91.0300%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-10-01 | 4.2000%             |
| 2025-10-02 | 4.1900%             |
| 2025-10-03 | 4.1800%             |
| 2025-10-06 | 4.1700%             |
| 2025-10-07 | 4.1600%             |
| 2025-10-08 | 4.1600%             |
| 2025-10-09 | 4.1500%             |
| 2025-10-10 | 4.1500%             |
| 2025-10-13 | 4.1400%             |
| 2025-10-14 | 4.1500%             |
| 2025-10-15 | 4.1500%             |
| 2025-10-16 | 4.1500%             |
| 2025-10-17 | 4.1500%             |
| 2025-10-20 | 4.1500%             |
| 2025-10-21 | 4.1500%             |
| 2025-10-22 | 4.1500%             |
| 2025-10-23 | 4.1500%             |
| 2025-10-24 | 4.1500%             |
| 2025-10-27 | 4.1500%             |
| 2025-10-28 | 4.1500%             |
| 2025-10-29 | 4.1400%             |
| 2025-10-30 | 4.1100%             |
| 2025-10-31 | 4.0800%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-10-01 | 1.0000                      |
|  |  |
| 2025-10-02 | 1.0000                      |
|  |  |
| 2025-10-03 | 1.0000                      |
|  |  |
| 2025-10-06 | 1.0000                      |
|  |  |
| 2025-10-07 | 1.0000                      |
|  |  |
| 2025-10-08 | 1.0000                      |
|  |  |
| 2025-10-09 | 1.0000                      |
|  |  |
| 2025-10-10 | 1.0000                      |
|  |  |
| 2025-10-13 | 1.0000                      |
|  |  |
| 2025-10-14 | 1.0000                      |
|  |  |
| 2025-10-15 | 1.0000                      |
|  |  |
| 2025-10-16 | 1.0000                      |
|  |  |
| 2025-10-17 | 1.0002                      |
|  |  |
| 2025-10-20 | 1.0000                      |
|  |  |
| 2025-10-21 | 1.0000                      |
|  |  |
| 2025-10-22 | 1.0000                      |
|  |  |
| 2025-10-23 | 1.0000                      |
|  |  |
| 2025-10-24 | 1.0000                      |
|  |  |
| 2025-10-27 | 1.0000                      |
|  |  |
| 2025-10-28 | 1.0000                      |
|  |  |
| 2025-10-29 | 1.0000                      |
|  |  |
| 2025-10-30 | 1.0000                      |
|  |  |
| 2025-10-31 | 1.0001                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: TF

- **Minimum Initial Investment:** $2000.00

- **Net Assets of Class:** $383290345.53

- **Number of Shares Outstanding:** 383301264.8600

- **Expense Reimbursement/Waiver:** 44779.23

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0000          |
|  |  |
| 2025-10-02 | 1.0000          |
|  |  |
| 2025-10-03 | 1.0000          |
|  |  |
| 2025-10-06 | 1.0000          |
|  |  |
| 2025-10-07 | 1.0000          |
|  |  |
| 2025-10-08 | 1.0000          |
|  |  |
| 2025-10-09 | 1.0000          |
|  |  |
| 2025-10-10 | 1.0000          |
|  |  |
| 2025-10-13 | 1.0000          |
|  |  |
| 2025-10-14 | 1.0000          |
|  |  |
| 2025-10-15 | 1.0000          |
|  |  |
| 2025-10-16 | 1.0000          |
|  |  |
| 2025-10-17 | 1.0002          |
|  |  |
| 2025-10-20 | 1.0000          |
|  |  |
| 2025-10-21 | 1.0000          |
|  |  |
| 2025-10-22 | 1.0000          |
|  |  |
| 2025-10-23 | 1.0000          |
|  |  |
| 2025-10-24 | 1.0000          |
|  |  |
| 2025-10-27 | 1.0000          |
|  |  |
| 2025-10-28 | 1.0000          |
|  |  |
| 2025-10-29 | 1.0000          |
|  |  |
| 2025-10-30 | 1.0000          |
|  |  |
| 2025-10-31 | 1.0001          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $187656799.03             | $201726964.09           |
| 2025-10-02 | $167952678.36             | $185629789.75           |
| 2025-10-03 | $173771610.31             | $169944028.24           |
| 2025-10-06 | $192590733.88             | $169055456.67           |
| 2025-10-07 | $216827760.66             | $199509952.57           |
| 2025-10-08 | $211482218.94             | $219190752.59           |
| 2025-10-09 | $193107579.29             | $206090787.16           |
| 2025-10-10 | $192128502.03             | $193152206.88           |
| 2025-10-14 | $196149844.54             | $188501461.08           |
| 2025-10-15 | $192610123.55             | $181920353.57           |
| 2025-10-16 | $199139706.56             | $207028678.84           |
| 2025-10-17 | $182364606.85             | $204309012.96           |
| 2025-10-20 | $204562861.69             | $183226926.02           |
| 2025-10-21 | $200418214.46             | $201196466.86           |
| 2025-10-22 | $185066459.11             | $198911824.28           |
| 2025-10-23 | $192661017.14             | $189678460.38           |
| 2025-10-24 | $199826932.22             | $197041528.23           |
| 2025-10-27 | $216549681.11             | $199069915.45           |
| 2025-10-28 | $203054497.70             | $212448478.51           |
| 2025-10-29 | $202859030.24             | $194877479.20           |
| 2025-10-30 | $177175862.75             | $179975646.42           |
| 2025-10-31 | $164265259.69             | $205809593.38           |

**Total Gross Subscriptions (Month):** $4252221980.11

**Total Gross Redemptions (Month):** $4288295763.13

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 3.9500%           |
| 2025-10-02 | 3.9400%           |
| 2025-10-03 | 3.9300%           |
| 2025-10-06 | 3.9200%           |
| 2025-10-07 | 3.9100%           |
| 2025-10-08 | 3.9100%           |
| 2025-10-09 | 3.9000%           |
| 2025-10-10 | 3.9000%           |
| 2025-10-13 | 3.8900%           |
| 2025-10-14 | 3.9000%           |
| 2025-10-15 | 3.9000%           |
| 2025-10-16 | 3.9000%           |
| 2025-10-17 | 3.9000%           |
| 2025-10-20 | 3.9000%           |
| 2025-10-21 | 3.9000%           |
| 2025-10-22 | 3.9000%           |
| 2025-10-23 | 3.9000%           |
| 2025-10-24 | 3.9000%           |
| 2025-10-27 | 3.9000%           |
| 2025-10-28 | 3.9000%           |
| 2025-10-29 | 3.8900%           |
| 2025-10-30 | 3.8600%           |
| 2025-10-31 | 3.8300%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 6.8800%          | 0.0000%              |
| Registered investment company                       |  | 14.1200%         | 0.0000%              |
| Depository institution or other banking institution |  | 10.5500%         | 0.0000%              |
| Non-profit                                          |  | 7.1100%          | 0.0000%              |
| Depository institution or other banking institution |  | 15.4400%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: DREYFUS TR OBL CSH MGMT-INST

- **C.1 - Title:** DREYFUS TR OBL CSH MGMT-INST 3.878016%
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 261908107, C.4 - ISIN: US2619081076, C.3 - LEI: 549300MKKM9KT7BF6329
- **C.18 - Value (incl. sponsor support):** $5344604.27
- **C.18.a - Value (excl. sponsor support):** $5344604.27
- **C.19 - Percentage of Net Assets:** 1.3900%
- **C.17 - Yield as of Reporting Date:** 3.8800%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2025-11-01
- **C.13 - Final Legal Maturity Date:** 2025-11-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: FEDERAL AGRICULTURAL MORTGAGE CORP

- **C.1 - Title:** FEDERAL AGRICULTURAL MORTGAGE CORP 4.040000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3132X0MX6, C.4 - ISIN: US3132X0MX69, C.3 - LEI: 549300MS654K78GYF580
- **C.18 - Value (incl. sponsor support):** $2716186.39
- **C.18.a - Value (excl. sponsor support):** $2716186.39
- **C.19 - Percentage of Net Assets:** 0.7100%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2026-01-06
- **C.12 - Maturity Date (WAL):** 2027-01-06
- **C.13 - Final Legal Maturity Date:** 2027-01-06
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 3: FEDERAL FARM CREDIT BANKS FUNDING CORP

- **C.1 - Title:** FEDERAL FARM CREDIT BANKS FUNDING CORP 4.040000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ERHZ7, C.4 - ISIN: US3133ERHZ74, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5002129.60
- **C.18.a - Value (excl. sponsor support):** $5002129.60
- **C.19 - Percentage of Net Assets:** 1.3100%
- **C.17 - Yield as of Reporting Date:** 4.0400%
- **C.11 - Maturity Date (WAM):** 2025-12-24
- **C.12 - Maturity Date (WAL):** 2026-06-24
- **C.13 - Final Legal Maturity Date:** 2026-06-24
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 4: FEDERAL HOME LOAN MORTGAGE CORP

- **C.1 - Title:** FEDERAL HOME LOAN MORTGAGE CORP 4.040000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3134HBJ44, C.4 - ISIN: US3134HBJ441, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $8002577.84
- **C.18.a - Value (excl. sponsor support):** $8002577.84
- **C.19 - Percentage of Net Assets:** 2.0900%
- **C.17 - Yield as of Reporting Date:** 4.0400%
- **C.11 - Maturity Date (WAM):** 2025-11-25
- **C.12 - Maturity Date (WAL):** 2027-08-25
- **C.13 - Final Legal Maturity Date:** 2027-08-25
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 5: FEDERAL HOME LOAN MORTGAGE CORP

- **C.1 - Title:** FEDERAL HOME LOAN MORTGAGE CORP 4.040000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3134HBXW6, C.4 - ISIN: US3134HBXW63, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $10001012.40
- **C.18.a - Value (excl. sponsor support):** $10001012.40
- **C.19 - Percentage of Net Assets:** 2.6100%
- **C.17 - Yield as of Reporting Date:** 4.0400%
- **C.11 - Maturity Date (WAM):** 2026-01-08
- **C.12 - Maturity Date (WAL):** 2027-01-08
- **C.13 - Final Legal Maturity Date:** 2027-01-08
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 2.849000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3137BP4K2, C.4 - ISIN: US3137BP4K27, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $1589228.48
- **C.18.a - Value (excl. sponsor support):** $1589228.48
- **C.19 - Percentage of Net Assets:** 0.4100%
- **C.17 - Yield as of Reporting Date:** 4.0900%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-02
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 2.920000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3137F4CZ3, C.4 - ISIN: US3137F4CZ38, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $556020.93
- **C.18.a - Value (excl. sponsor support):** $556020.93
- **C.19 - Percentage of Net Assets:** 0.1500%
- **C.17 - Yield as of Reporting Date:** 4.1400%
- **C.11 - Maturity Date (WAM):** 2026-01-01
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 8: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 4.201850%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3137FPHF5, C.4 - ISIN: US3137FPHF59, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $1881454.12
- **C.18.a - Value (excl. sponsor support):** $1881454.12
- **C.19 - Percentage of Net Assets:** 0.4900%
- **C.17 - Yield as of Reporting Date:** 4.7100%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2026-07-27
- **C.13 - Final Legal Maturity Date:** 2026-07-25
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 9: FANNIE MAE POOL

- **C.1 - Title:** FANNIE MAE POOL 5.290000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 31381RAK0, C.4 - ISIN: US31381RAK05, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $3395421.43
- **C.18.a - Value (excl. sponsor support):** $3395421.43
- **C.19 - Percentage of Net Assets:** 0.8900%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2026-05-01
- **C.12 - Maturity Date (WAL):** 2026-05-01
- **C.13 - Final Legal Maturity Date:** 2026-05-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 10: FANNIE MAE POOL

- **C.1 - Title:** FANNIE MAE POOL 2.660000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3138LDGP2, C.4 - ISIN: US3138LDGP20, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $1781119.14
- **C.18.a - Value (excl. sponsor support):** $1781119.14
- **C.19 - Percentage of Net Assets:** 0.4600%
- **C.17 - Yield as of Reporting Date:** 4.0000%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 11: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797NL7, C.4 - ISIN: US912797NL78, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $24933000.00
- **C.18.a - Value (excl. sponsor support):** $24933000.00
- **C.19 - Percentage of Net Assets:** 6.5000%
- **C.17 - Yield as of Reporting Date:** 3.9300%
- **C.11 - Maturity Date (WAM):** 2025-11-28
- **C.12 - Maturity Date (WAL):** 2025-11-28
- **C.13 - Final Legal Maturity Date:** 2025-11-28
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 12: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QP5, C.4 - ISIN: US912797QP55, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $19993664.20
- **C.18.a - Value (excl. sponsor support):** $19993664.20
- **C.19 - Percentage of Net Assets:** 5.2200%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **C.11 - Maturity Date (WAM):** 2025-11-06
- **C.12 - Maturity Date (WAL):** 2025-11-06
- **C.13 - Final Legal Maturity Date:** 2025-11-06
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QY6, C.4 - ISIN: US912797QY62, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $44816027.85
- **C.18.a - Value (excl. sponsor support):** $44816027.85
- **C.19 - Percentage of Net Assets:** 11.6900%
- **C.17 - Yield as of Reporting Date:** 3.9500%
- **C.11 - Maturity Date (WAM):** 2025-12-11
- **C.12 - Maturity Date (WAL):** 2025-12-11
- **C.13 - Final Legal Maturity Date:** 2025-12-11
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 14: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QZ3, C.4 - ISIN: US912797QZ38, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $24879273.50
- **C.18.a - Value (excl. sponsor support):** $24879273.50
- **C.19 - Percentage of Net Assets:** 6.4900%
- **C.17 - Yield as of Reporting Date:** 3.9400%
- **C.11 - Maturity Date (WAM):** 2025-12-18
- **C.12 - Maturity Date (WAL):** 2025-12-18
- **C.13 - Final Legal Maturity Date:** 2025-12-18
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 15: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RA7, C.4 - ISIN: US912797RA77, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $24840323.00
- **C.18.a - Value (excl. sponsor support):** $24840323.00
- **C.19 - Percentage of Net Assets:** 6.4800%
- **C.17 - Yield as of Reporting Date:** 3.9200%
- **C.11 - Maturity Date (WAM):** 2026-01-02
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-02
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 16: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RH2, C.4 - ISIN: US912797RH21, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $29792237.40
- **C.18.a - Value (excl. sponsor support):** $29792237.40
- **C.19 - Percentage of Net Assets:** 7.7700%
- **C.17 - Yield as of Reporting Date:** 3.8600%
- **C.11 - Maturity Date (WAM):** 2026-01-08
- **C.12 - Maturity Date (WAL):** 2026-01-08
- **C.13 - Final Legal Maturity Date:** 2026-01-08
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 17: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RN9, C.4 - ISIN: US912797RN98, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $19980837.40
- **C.18.a - Value (excl. sponsor support):** $19980837.40
- **C.19 - Percentage of Net Assets:** 5.2100%
- **C.17 - Yield as of Reporting Date:** 3.8900%
- **C.11 - Maturity Date (WAM):** 2025-11-12
- **C.12 - Maturity Date (WAL):** 2025-11-12
- **C.13 - Final Legal Maturity Date:** 2025-11-12
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 18: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797ST5, C.4 - ISIN: US912797ST59, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $19751587.40
- **C.18.a - Value (excl. sponsor support):** $19751587.40
- **C.19 - Percentage of Net Assets:** 5.1500%
- **C.17 - Yield as of Reporting Date:** 3.8400%
- **C.11 - Maturity Date (WAM):** 2026-03-03
- **C.12 - Maturity Date (WAL):** 2026-03-03
- **C.13 - Final Legal Maturity Date:** 2026-03-03
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 19: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 3.947503%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CLA7, C.4 - ISIN: US91282CLA70, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $4000153.96
- **C.18.a - Value (excl. sponsor support):** $4000153.96
- **C.19 - Percentage of Net Assets:** 1.0400%
- **C.17 - Yield as of Reporting Date:** 3.9500%
- **C.11 - Maturity Date (WAM):** 2025-11-04
- **C.12 - Maturity Date (WAL):** 2026-07-31
- **C.13 - Final Legal Maturity Date:** 2026-07-31
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 20: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 3.925503%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CMX6, C.4 - ISIN: US91282CMX64, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $4998926.95
- **C.18.a - Value (excl. sponsor support):** $4998926.95
- **C.19 - Percentage of Net Assets:** 1.3000%
- **C.17 - Yield as of Reporting Date:** 3.9500%
- **C.11 - Maturity Date (WAM):** 2025-11-04
- **C.12 - Maturity Date (WAL):** 2027-04-30
- **C.13 - Final Legal Maturity Date:** 2027-04-30
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 21: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 3.924503%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CNQ0, C.4 - ISIN: US91282CNQ05, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $3999524.76
- **C.18.a - Value (excl. sponsor support):** $3999524.76
- **C.19 - Percentage of Net Assets:** 1.0400%
- **C.17 - Yield as of Reporting Date:** 3.9400%
- **C.11 - Maturity Date (WAM):** 2025-11-04
- **C.12 - Maturity Date (WAL):** 2027-08-02
- **C.13 - Final Legal Maturity Date:** 2027-07-31
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 22: MITSUBISHI UFJ FINANCIAL GROUP

- **C.1 - Title:** MUFGCA 4.11 11/03/25 RP 4.110000%
- **C.6 - Investment Category:** U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash
- **Identifiers:** C.3 - CUSIP: REPO25102, C.5 - Other ID: REPO251027110341
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 6.5200%
- **C.17 - Yield as of Reporting Date:** 4.1100%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2025-11-03
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                            |
|:---|:---|:---|:---|:---|:---|:---|
| GNMA          | 2052-07-20      | 4.0000%  | 0.0000% | $1000.00           | $744.26            | Agency Debentures and Agency Strips |
| GNMA          | 2052-09-20      | 5.0000%  | 0.0000% | $1000.00           | $754.51            | Agency Debentures and Agency Strips |
| FNMA          | 2046-11-01      | 4.0000%  | 0.0000% | $30903305.00       | $7179523.93        | Agency Debentures and Agency Strips |
| FMAC          | 2053-06-01      | 5.5000%  | 0.0000% | $1024.00           | $828.02            | Agency Debentures and Agency Strips |
| FNMA          | 2052-10-01      | 4.5000%  | 0.0000% | $1000.00           | $819.77            | Agency Debentures and Agency Strips |
| FNMA          | 2052-08-01      | 5.0000%  | 0.0000% | $1022.00           | $737.03            | Agency Debentures and Agency Strips |
| FMAC          | 2041-01-01      | 4.0000%  | 0.0000% | $1527.00           | $72.80             | Agency Debentures and Agency Strips |
| GNMA          | 2053-07-20      | 5.5000%  | 0.0000% | $257369.00         | $202541.67         | Agency Debentures and Agency Strips |
| GNMA          | 2053-07-20      | 5.0000%  | 0.0000% | $113052.00         | $97023.92          | Agency Debentures and Agency Strips |
| GNMA          | 2054-01-20      | 5.5000%  | 0.0000% | $740314.00         | $607962.29         | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 3.0000%  | 0.0000% | $100854.00         | $78032.28          | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.5000%  | 0.0000% | $1000.00           | $536.57            | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 6.5000%  | 0.0000% | $2816.00           | $2625.98           | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 5.0000%  | 0.0000% | $1000.00           | $755.13            | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 6.0000%  | 0.0000% | $273708.00         | $257225.28         | Agency Debentures and Agency Strips |
| FNMA          | 2052-06-01      | 3.0000%  | 0.0000% | $42265.00          | $33391.61          | Agency Debentures and Agency Strips |
| FNMA          | 2054-05-01      | 5.5000%  | 0.0000% | $179542.00         | $158602.62         | Agency Debentures and Agency Strips |
| FMAC          | 2053-01-01      | 5.5000%  | 0.0000% | $25130.00          | $24292.94          | Agency Debentures and Agency Strips |
| FNMA          | 2052-09-01      | 4.5000%  | 0.0000% | $1982527.00        | $1619922.34        | Agency Debentures and Agency Strips |
| FMAC          | 2054-01-01      | 5.5000%  | 0.0000% | $1043.00           | $938.73            | Agency Debentures and Agency Strips |
| FNMA          | 2051-04-01      | 4.5000%  | 0.0000% | $1181988.00        | $101489.32         | Agency Debentures and Agency Strips |
| GNMA          | 2054-09-20      | 5.0000%  | 0.0000% | $1000.00           | $944.77            | Agency Debentures and Agency Strips |
| FNMA          | 2037-01-01      | 2.0000%  | 0.0000% | $155089.00         | $86092.35          | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 5.5000%  | 0.0000% | $792500.00         | $744476.35         | Agency Debentures and Agency Strips |
| FMAC          | 2048-02-01      | 4.0000%  | 0.0000% | $7597.00           | $1549.64           | Agency Debentures and Agency Strips |
| FMAC          | 2052-04-01      | 3.0000%  | 0.0000% | $141760.00         | $101400.74         | Agency Debentures and Agency Strips |
| FMAC          | 2053-06-01      | 5.0000%  | 0.0000% | $179852.00         | $150499.23         | Agency Debentures and Agency Strips |
| FNMA          | 2052-05-01      | 4.5000%  | 0.0000% | $1024.00           | $737.69            | Agency Debentures and Agency Strips |
| FMAC          | 2053-08-01      | 5.0000%  | 0.0000% | $1008.00           | $805.89            | Agency Debentures and Agency Strips |
| FMAC          | 2053-11-01      | 6.5000%  | 0.0000% | $1000.00           | $778.95            | Agency Debentures and Agency Strips |
| FNMA          | 2051-07-01      | 2.5000%  | 0.0000% | $95598.00          | $62643.34          | Agency Debentures and Agency Strips |
| FNMA          | 2052-04-01      | 3.5000%  | 0.0000% | $115848.00         | $88195.78          | Agency Debentures and Agency Strips |
| FNMA          | 2041-05-01      | 2.5000%  | 0.0000% | $1000.00           | $593.47            | Agency Debentures and Agency Strips |
| FMAC          | 2054-05-01      | 7.0000%  | 0.0000% | $4509200.00        | $3810360.61        | Agency Debentures and Agency Strips |
| GNMA          | 2053-08-20      | 6.0000%  | 0.0000% | $1000.00           | $970.71            | Agency Debentures and Agency Strips |
| GNMA          | 2051-10-20      | 3.5000%  | 0.0000% | $189328.00         | $137645.85         | Agency Debentures and Agency Strips |
| FMAC          | 2054-08-01      | 5.5000%  | 0.0000% | $59800.00          | $53465.54          | Agency Debentures and Agency Strips |
| GNMA          | 2055-01-20      | 5.5000%  | 0.0000% | $78000.00          | $73342.48          | Agency Debentures and Agency Strips |
| GNMA          | 2055-03-20      | 5.5000%  | 0.0000% | $58284.00          | $57791.96          | Agency Debentures and Agency Strips |
| FMAC          | 2055-03-01      | 6.0000%  | 0.0000% | $32400.00          | $31847.20          | Agency Debentures and Agency Strips |
| FMAC          | 2054-06-01      | 6.5000%  | 0.0000% | $305785.00         | $263142.24         | Agency Debentures and Agency Strips |
| FNMA          | 2054-06-01      | 5.5000%  | 0.0000% | $1008.00           | $947.62            | Agency Debentures and Agency Strips |
| FNMA          | 2051-02-01      | 2.0000%  | 0.0000% | $376471.00         | $229516.22         | Agency Debentures and Agency Strips |
| FNMA          | 2051-05-01      | 2.5000%  | 0.0000% | $1001.00           | $594.32            | Agency Debentures and Agency Strips |
| FNMA          | 2053-11-01      | 6.0000%  | 0.0000% | $1000.00           | $770.45            | Agency Debentures and Agency Strips |
| FNMA          | 2055-01-01      | 5.0000%  | 0.0000% | $1000.00           | $990.30            | Agency Debentures and Agency Strips |
| FMAC          | 2055-02-01      | 5.5000%  | 0.0000% | $253300.00         | $244240.40         | Agency Debentures and Agency Strips |
| FMAC          | 2054-09-01      | 6.0000%  | 0.0000% | $5436.00           | $4839.43           | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.0000%  | 0.0000% | $2164498.00        | $1658391.40        | Agency Debentures and Agency Strips |
| USTR          | 2030-04-30      | 3.8750%  | 0.0000% | $36700.00          | $36980.46          | U.S. Treasuries (including strips)  |
| FMAC          | 2054-07-01      | 5.5000%  | 0.0000% | $15584.00          | $14132.93          | Agency Debentures and Agency Strips |
| FNMA          | 2054-02-01      | 6.5000%  | 0.0000% | $26739.00          | $22460.33          | Agency Debentures and Agency Strips |
| FNMA          | 2054-03-01      | 5.0000%  | 0.0000% | $5297584.00        | $4965142.78        | Agency Debentures and Agency Strips |
| GNMA          | 2055-05-20      | 5.5000%  | 0.0000% | $7275.00           | $7273.59           | Agency Debentures and Agency Strips |
| FMAC          | 2054-02-01      | 6.5000%  | 0.0000% | $1000.00           | $804.93            | Agency Debentures and Agency Strips |
| FMAC          | 2029-08-06      | 4.0000%  | 0.0000% | $31000.00          | $31149.28          | Agency Debentures and Agency Strips |
| FMAC          | 2051-03-01      | 2.5000%  | 0.0000% | $32350.00          | $16618.03          | Agency Debentures and Agency Strips |
| FNMA          | 2050-12-01      | 2.5000%  | 0.0000% | $2620.00           | $1456.04           | Agency Debentures and Agency Strips |
| FNMA          | 2055-06-01      | 6.0000%  | 0.0000% | $271920.00         | $254270.26         | Agency Debentures and Agency Strips |
| FNMA          | 2041-06-01      | 2.5000%  | 0.0000% | $90364.00          | $52383.76          | Agency Debentures and Agency Strips |
| GNMA          | 2055-01-20      | 5.0000%  | 0.0000% | $20475.00          | $19867.72          | Agency Debentures and Agency Strips |
| FMAC          | 2055-07-01      | 6.0000%  | 0.0000% | $1305510.00        | $1278488.59        | Agency Debentures and Agency Strips |
| FMAC          | 2054-06-01      | 6.5000%  | 0.0000% | $1000.00           | $882.87            | Agency Debentures and Agency Strips |
| FNMA          | 2048-07-01      | 4.5000%  | 0.0000% | $1350528.00        | $413602.94         | Agency Debentures and Agency Strips |
| FNMA          | 2051-12-01      | 2.0000%  | 0.0000% | $35072.00          | $22876.21          | Agency Debentures and Agency Strips |
| FMAC          | 2055-05-01      | 6.5000%  | 0.0000% | $2752.00           | $2719.29           | Agency Debentures and Agency Strips |
| GNMA          | 2051-12-20      | 3.5000%  | 0.0000% | $1000.00           | $826.27            | Agency Debentures and Agency Strips |
| FNMA          | 2053-04-01      | 5.0000%  | 0.0000% | $1000.00           | $837.02            | Agency Debentures and Agency Strips |
| FNMA          | 2054-09-01      | 6.0000%  | 0.0000% | $1279.00           | $1236.66           | Agency Debentures and Agency Strips |
| FNMA          | 2042-08-01      | 2.0000%  | 0.0000% | $96300.00          | $75070.53          | Agency Debentures and Agency Strips |
| FMAC          | 2055-05-01      | 6.0000%  | 0.0000% | $103424.00         | $102554.25         | Agency Debentures and Agency Strips |
| FMAC          | 2055-08-01      | 5.5000%  | 0.0000% | $1008.00           | $1020.67           | Agency Debentures and Agency Strips |
| FMAC          | 2055-09-01      | 6.5000%  | 0.0000% | $1000.00           | $1044.44           | Agency Debentures and Agency Strips |

### Security 23: GOLDMAN, SACHS & CO

- **C.1 - Title:** GOLDMN 3.94 11/04/25 RP 3.940000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25103, C.5 - Other ID: REPO251030110439
- **C.18 - Value (incl. sponsor support):** $10000000.00
- **C.18.a - Value (excl. sponsor support):** $10000000.00
- **C.19 - Percentage of Net Assets:** 2.6100%
- **C.17 - Yield as of Reporting Date:** 3.9400%
- **C.11 - Maturity Date (WAM):** 2025-11-04
- **C.12 - Maturity Date (WAL):** 2025-11-04
- **C.13 - Final Legal Maturity Date:** 2025-11-04
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2048-05-15      | 3.1250%  | 0.0000% | $10851600.00       | $8627816.58        | U.S. Treasuries (including strips) |
| USTR          | 2029-04-30      | 2.8750%  | 0.0000% | $1612900.00        | $1572201.69        | U.S. Treasuries (including strips) |

### Security 24: CIBC WORLD MARKETS CORP

- **C.1 - Title:** CM 3.95 11/05/25 RP 3.950000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25103, C.5 - Other ID: REPO251030110539
- **C.18 - Value (incl. sponsor support):** $45000000.00
- **C.18.a - Value (excl. sponsor support):** $45000000.00
- **C.19 - Percentage of Net Assets:** 11.7400%
- **C.17 - Yield as of Reporting Date:** 3.9500%
- **C.11 - Maturity Date (WAM):** 2025-11-05
- **C.12 - Maturity Date (WAL):** 2025-11-05
- **C.13 - Final Legal Maturity Date:** 2025-11-05
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2029-04-15      | 3.8750%  | 0.0000% | $1400.00           | $3001.64           | U.S. Treasuries (including strips) |
| USTR          | 2028-01-15      | 1.7500%  | 0.0000% | $547300.00         | $860314.20         | U.S. Treasuries (including strips) |
| USTR          | 2027-01-15      | 2.3750%  | 0.0000% | $104200.00         | $170688.67         | U.S. Treasuries (including strips) |
| USTR          | 2043-05-15      | 2.8750%  | 0.0000% | $500.00            | $401.14            | U.S. Treasuries (including strips) |
| USTR          | 2044-11-15      | 3.0000%  | 0.0000% | $700.00            | $562.46            | U.S. Treasuries (including strips) |
| USTR          | 2045-02-15      | 2.5000%  | 0.0000% | $100.00            | $72.87             | U.S. Treasuries (including strips) |
| USTR          | 2046-02-15      | 1.0000%  | 0.0000% | $2408700.00        | $2564032.71        | U.S. Treasuries (including strips) |
| USTR          | 2027-07-15      | 0.3750%  | 0.0000% | $100.00            | $131.24            | U.S. Treasuries (including strips) |
| USTR          | 2049-05-15      | 2.8750%  | 0.0000% | $30200.00          | $22646.17          | U.S. Treasuries (including strips) |
| USTR          | 2030-11-15      | 0.8750%  | 0.0000% | $4700.00           | $4110.65           | U.S. Treasuries (including strips) |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $1432500.00        | $1347910.88        | U.S. Treasuries (including strips) |
| USTR          | 2051-05-15      | 2.3750%  | 0.0000% | $1427300.00        | $944214.51         | U.S. Treasuries (including strips) |
| USTR          | 2028-05-31      | 1.2500%  | 0.0000% | $99100.00          | $93919.98          | U.S. Treasuries (including strips) |
| USTR          | 2051-08-15      | 2.0000%  | 0.0000% | $169600.00         | $101239.12         | U.S. Treasuries (including strips) |
| USTR          | 2031-08-15      | 1.2500%  | 0.0000% | $200.00            | $174.26            | U.S. Treasuries (including strips) |
| USTR          | 2051-11-15      | 1.8750%  | 0.0000% | $100.00            | $58.07             | U.S. Treasuries (including strips) |
| USTR          | 2052-02-15      | 2.2500%  | 0.0000% | $6631800.00        | $4189526.12        | U.S. Treasuries (including strips) |
| USTR          | 2052-02-15      | 2.2500%  | 0.0000% | $17351600.00       | $10961576.25       | U.S. Treasuries (including strips) |
| USTR          | 2027-04-15      | 0.1250%  | 0.0000% | $9239800.00        | $10416898.13       | U.S. Treasuries (including strips) |
| USTR          | 2029-04-30      | 2.8750%  | 0.0000% | $22900.00          | $22330.75          | U.S. Treasuries (including strips) |
| USTR          | 2029-08-31      | 3.1250%  | 0.0000% | $2707000.00        | $2669978.75        | U.S. Treasuries (including strips) |
| USTR          | 2029-12-31      | 3.8750%  | 0.0000% | $179600.00         | $183285.17         | U.S. Treasuries (including strips) |
| USTR          | 2028-05-31      | 3.6250%  | 0.0000% | $7700.00           | $7821.38           | U.S. Treasuries (including strips) |
| USTR          | 2028-04-15      | 1.2500%  | 0.0000% | $887700.00         | $958780.08         | U.S. Treasuries (including strips) |
| USTR          | 2028-10-15      | 2.3750%  | 0.0000% | $51200.00          | $56152.28          | U.S. Treasuries (including strips) |
| USTR          | 2034-02-15      | 4.0000%  | 0.0000% | $77600.00          | $78288.43          | U.S. Treasuries (including strips) |
| USTR          | 2027-03-15      | 4.2500%  | 0.0000% | $38500.00          | $39006.99          | U.S. Treasuries (including strips) |
| USTR          | 2054-05-15      | 4.6250%  | 0.0000% | $5684000.00        | $5757112.21        | U.S. Treasuries (including strips) |
| USTR          | 2029-05-31      | 4.5000%  | 0.0000% | $102600.00         | $107448.92         | U.S. Treasuries (including strips) |
| USTR          | 2031-09-30      | 3.6250%  | 0.0000% | $100.00            | $99.37             | U.S. Treasuries (including strips) |
| USTR          | 2026-10-31      | 3.9705%  | 0.0000% | $100.00            | $100.01            | U.S. Treasuries (including strips) |
| USTR          | 2027-10-15      | 3.8750%  | 0.0000% | $100.00            | $100.68            | U.S. Treasuries (including strips) |
| USTR          | 2034-11-15      | 4.2500%  | 0.0000% | $100.00            | $103.45            | U.S. Treasuries (including strips) |
| USTR          | 2054-11-15      | 4.5000%  | 0.0000% | $100.00            | $99.32             | U.S. Treasuries (including strips) |
| USTR          | 2032-01-31      | 4.3750%  | 0.0000% | $100.00            | $104.06            | U.S. Treasuries (including strips) |
| USTR          | 2035-02-15      | 4.6250%  | 0.0000% | $800.00            | $842.16            | U.S. Treasuries (including strips) |
| USTR          | 2027-03-31      | 3.8750%  | 0.0000% | $100.00            | $100.62            | U.S. Treasuries (including strips) |
| USTR          | 2045-02-15      | 4.7500%  | 0.0000% | $100.00            | $102.34            | U.S. Treasuries (including strips) |
| USTR          | 2028-03-15      | 3.8750%  | 0.0000% | $1000.00           | $1011.48           | U.S. Treasuries (including strips) |
| USTR          | 2035-05-15      | 4.2500%  | 0.0000% | $900.00            | $929.48            | U.S. Treasuries (including strips) |
| USTR          | 2035-05-15      | 4.2500%  | 0.0000% | $180500.00         | $186412.94         | U.S. Treasuries (including strips) |
| USTR          | 2030-04-15      | 1.6250%  | 0.0000% | $4027200.00        | $4148216.86        | U.S. Treasuries (including strips) |
| USTR          | 2026-06-11      | 0.0000%  | 0.0000% | $100.00            | $97.80             | U.S. Treasuries (including strips) |

### Security 25: CIT GROUPMKTS

- **C.1 - Title:** CITGMK 4.00 11/06/25 RP 4.000000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25103, C.5 - Other ID: REPO251030110640
- **C.18 - Value (incl. sponsor support):** $40000000.00
- **C.18.a - Value (excl. sponsor support):** $40000000.00
- **C.19 - Percentage of Net Assets:** 10.4400%
- **C.17 - Yield as of Reporting Date:** 4.0000%
- **C.11 - Maturity Date (WAM):** 2025-11-06
- **C.12 - Maturity Date (WAL):** 2025-11-06
- **C.13 - Final Legal Maturity Date:** 2025-11-06
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2042-11-15      | 2.7500%  | 0.0000% | $51389300.00       | $40800024.75       | U.S. Treasuries (including strips) |

### Security 26: BMO CAPITAL MARKETS CORP.

- **C.1 - Title:** BMOCPM 4.09 11/03/25 RP 4.090000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25103, C.5 - Other ID: REPO251031110340
- **C.18 - Value (incl. sponsor support):** $21000000.00
- **C.18.a - Value (excl. sponsor support):** $21000000.00
- **C.19 - Percentage of Net Assets:** 5.4800%
- **C.17 - Yield as of Reporting Date:** 4.0900%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2025-11-03
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

**C.8 - Repurchase Agreement Details:**

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2031-01-15      | 0.1250%  | 0.0000% | $18392200.00       | $21420036.01       | U.S. Treasuries (including strips) |

## N-MFP: Signatures

**Registrant:** The Payden & Rygel Investment Group

**Date:** 2025-11-07

**By:** Sandi Brents

**Name of Signing Officer:** Sandi Brents

**Title of Signing Officer:** Chief Compliance Officer