# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0002071691-25-002443
**Filing Date:** 2025-10
**Character Count:** 80879
**Document Hash:** e5cc5ddaaa0f275ed256e71940b9779b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-002443.hdr.sgml**: 20251006

**ACCESSION NUMBER**: 0002071691-25-002443

**CONFORMED SUBMISSION TYPE**: N-MFP3

**CONFIRMING COPY**: 

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251006

**DATE AS OF CHANGE**: 20251006

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM INVESTMENT FUNDS
- **CENTRAL INDEX KEY:** 0000932101

**ORGANIZATION NAME:**
- **EIN:** 043251560
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07237

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM EQUITY FUNDS
- **DATE OF NAME CHANGE:** 19941028

## Series and Classes Contracts Data

### Putnam Government Money Market Fund (Series ID: S000052894)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000166400 | Class A Shares |  |
| C000166402 | Class C Shares |  |
| C000166403 | Class G Shares |  |
| C000166404 | Class I Shares |  |
| C000166406 | Class P Shares |  |
| C000166407 | Class R Shares |  |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000932101

### General Information

**Report for (YYYY-MM-DD):** 2025-09-30

**Registrant Full Name:** Putnam Investment Funds

**CIK Number of Registrant:** 0000932101

**LEI of Registrant:** 549300SRAF55EHI5J317

**Name of Series:** Putnam Government Money Market Fund

**LEI of Series:** 549300SEUI2XMME8T893

**EDGAR Series Identifier:** S000052894

**Total number of share classes in the series:** 6

**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            | Franklin Advisors, Inc.                                 | 801-26292         |
| Independent Public Accountant | PricewaterhouseCoopers LLP<br>City: Boston<br>State: MA |  |
| Administrator                 | Franklin Templeton Services, LLC                        |  |
| Transfer Agent                | Putnam Investor Services, Inc.<br>CIK: 0001448300       | 084-06331         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-56339

- **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?:** No

- **WAM:** 11 days

- **WAL:** 59 days

- **Total Value of Portfolio Securities:** $383359943.45

- **Amortized Cost of Portfolio Securities:** $383340787.27

- **Cash:** $210836.42

- **Total Other Assets:** $482199.45

- **Total Liabilities:** $1431481.65

- **Net Assets of Series:** $382602341.49

- **Number of Shares Outstanding (Series):** 382606216.5900

- **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?:** No

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

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-09-02 | $338370728.42             | $341533504.67              | 84.3800%                  | 85.1700%                   |
| 2025-09-03 | $321905611.18             | $325068757.85              | 83.7100%                  | 84.5300%                   |
| 2025-09-04 | $321234841.26             | $324398358.34              | 83.6800%                  | 84.5000%                   |
| 2025-09-05 | $324915808.79             | $328079696.29              | 83.9000%                  | 84.7200%                   |
| 2025-09-08 | $319212294.86             | $322377293.61              | 83.4800%                  | 84.3100%                   |
| 2025-09-09 | $323044144.60             | $326209513.77              | 82.8600%                  | 83.6700%                   |
| 2025-09-10 | $302732275.82             | $305898015.40              | 80.8400%                  | 81.6900%                   |
| 2025-09-11 | $294509560.91             | $297675670.91              | 80.4900%                  | 81.3600%                   |
| 2025-09-12 | $296165737.60             | $299332218.02              | 80.6000%                  | 81.4600%                   |
| 2025-09-15 | $285495122.26             | $288662713.93              | 80.0000%                  | 80.8900%                   |
| 2025-09-16 | $283941737.66             | $287109699.74              | 79.9200%                  | 80.8100%                   |
| 2025-09-17 | $286992477.40             | $290160809.90              | 80.0900%                  | 80.9800%                   |
| 2025-09-18 | $289653763.00             | $292822465.92              | 80.2400%                  | 81.1200%                   |
| 2025-09-19 | $285347851.50             | $288516924.83              | 80.0200%                  | 80.9100%                   |
| 2025-09-22 | $289157167.87             | $292327352.45              | 80.2500%                  | 81.1300%                   |
| 2025-09-23 | $291181736.19             | $294352291.19              | 80.3600%                  | 81.2400%                   |
| 2025-09-24 | $280182094.45             | $283353019.87              | 79.7000%                  | 80.6100%                   |
| 2025-09-25 | $284187596.28             | $287358892.11              | 79.9200%                  | 80.8200%                   |
| 2025-09-26 | $306192963.11             | $309364629.36              | 81.1000%                  | 81.9400%                   |
| 2025-09-29 | $314348753.39             | $317521530.89              | 81.5100%                  | 82.3300%                   |
| 2025-09-30 | $312566468.40             | $315739616.32              | 81.3900%                  | 82.2200%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-09-02 | 4.4100%             |
| 2025-09-03 | 4.4100%             |
| 2025-09-04 | 4.4100%             |
| 2025-09-05 | 4.4200%             |
| 2025-09-08 | 4.4400%             |
| 2025-09-09 | 4.4500%             |
| 2025-09-10 | 4.4500%             |
| 2025-09-11 | 4.4500%             |
| 2025-09-12 | 4.4500%             |
| 2025-09-15 | 4.4600%             |
| 2025-09-16 | 4.4600%             |
| 2025-09-17 | 4.4600%             |
| 2025-09-18 | 4.4300%             |
| 2025-09-19 | 4.4000%             |
| 2025-09-22 | 4.2700%             |
| 2025-09-23 | 4.2400%             |
| 2025-09-24 | 4.2000%             |
| 2025-09-25 | 4.2000%             |
| 2025-09-26 | 4.2100%             |
| 2025-09-29 | 4.2200%             |
| 2025-09-30 | 4.2300%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-09-02 | 1.0000                      |
|  |  |
| 2025-09-03 | 1.0000                      |
|  |  |
| 2025-09-04 | 1.0000                      |
|  |  |
| 2025-09-05 | 1.0000                      |
|  |  |
| 2025-09-08 | 1.0000                      |
|  |  |
| 2025-09-09 | 1.0000                      |
|  |  |
| 2025-09-10 | 1.0000                      |
|  |  |
| 2025-09-11 | 1.0000                      |
|  |  |
| 2025-09-12 | 1.0000                      |
|  |  |
| 2025-09-15 | 1.0000                      |
|  |  |
| 2025-09-16 | 1.0000                      |
|  |  |
| 2025-09-17 | 1.0000                      |
|  |  |
| 2025-09-18 | 1.0000                      |
|  |  |
| 2025-09-19 | 1.0000                      |
|  |  |
| 2025-09-22 | 1.0000                      |
|  |  |
| 2025-09-23 | 1.0000                      |
|  |  |
| 2025-09-24 | 1.0000                      |
|  |  |
| 2025-09-25 | 1.0000                      |
|  |  |
| 2025-09-26 | 1.0000                      |
|  |  |
| 2025-09-29 | 1.0000                      |
|  |  |
| 2025-09-30 | 1.0000                      |
|  |  |

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

### Class: Class C

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $1577325.63

- **Number of Shares Outstanding:** 1577213.2800

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 1.0000          |
|  |  |
| 2025-09-03 | 1.0000          |
|  |  |
| 2025-09-04 | 1.0000          |
|  |  |
| 2025-09-05 | 1.0000          |
|  |  |
| 2025-09-08 | 1.0000          |
|  |  |
| 2025-09-09 | 1.0000          |
|  |  |
| 2025-09-10 | 1.0000          |
|  |  |
| 2025-09-11 | 1.0000          |
|  |  |
| 2025-09-12 | 1.0000          |
|  |  |
| 2025-09-15 | 1.0000          |
|  |  |
| 2025-09-16 | 1.0000          |
|  |  |
| 2025-09-17 | 1.0000          |
|  |  |
| 2025-09-18 | 1.0000          |
|  |  |
| 2025-09-19 | 1.0000          |
|  |  |
| 2025-09-22 | 1.0000          |
|  |  |
| 2025-09-23 | 1.0000          |
|  |  |
| 2025-09-24 | 1.0000          |
|  |  |
| 2025-09-25 | 1.0000          |
|  |  |
| 2025-09-26 | 1.0000          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $5454.32                  | $31.61                  |
| 2025-09-03 | $25.00                    | $0.00                   |
| 2025-09-04 | $450.00                   | $55000.02               |
| 2025-09-05 | $0.00                     | $0.00                   |
| 2025-09-08 | $0.00                     | $152966.57              |
| 2025-09-09 | $159082.46                | $0.00                   |
| 2025-09-10 | $0.00                     | $0.00                   |
| 2025-09-11 | $656.10                   | $0.00                   |
| 2025-09-12 | $150.00                   | $0.00                   |
| 2025-09-15 | $0.00                     | $0.00                   |
| 2025-09-16 | $0.00                     | $0.00                   |
| 2025-09-17 | $25.00                    | $0.00                   |
| 2025-09-18 | $0.00                     | $0.00                   |
| 2025-09-19 | $0.00                     | $0.00                   |
| 2025-09-22 | $0.00                     | $0.00                   |
| 2025-09-23 | $531.30                   | $0.00                   |
| 2025-09-24 | $0.00                     | $0.00                   |
| 2025-09-25 | $561.44                   | $0.00                   |
| 2025-09-26 | $0.00                     | $0.00                   |
| 2025-09-29 | $0.00                     | $0.00                   |
| 2025-09-30 | $0.00                     | $0.00                   |

**Total Gross Subscriptions (Month):** $166935.62

**Total Gross Redemptions (Month):** $207998.20

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.9700%           |
| 2025-09-03 | 3.9700%           |
| 2025-09-04 | 3.9800%           |
| 2025-09-05 | 3.9800%           |
| 2025-09-08 | 4.0100%           |
| 2025-09-09 | 4.0100%           |
| 2025-09-10 | 4.0100%           |
| 2025-09-11 | 4.0100%           |
| 2025-09-12 | 4.0100%           |
| 2025-09-15 | 4.0200%           |
| 2025-09-16 | 4.0200%           |
| 2025-09-17 | 4.0200%           |
| 2025-09-18 | 3.9900%           |
| 2025-09-19 | 3.9600%           |
| 2025-09-22 | 3.8300%           |
| 2025-09-23 | 3.7900%           |
| 2025-09-24 | 3.7600%           |
| 2025-09-25 | 3.7600%           |
| 2025-09-26 | 3.7700%           |
| 2025-09-29 | 3.7800%           |
| 2025-09-30 | 3.7900%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Retail investor |  | 44.4900%         | 0.0000%              |

### Class: Class A

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $142219493.07

- **Number of Shares Outstanding:** 142221232.1100

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 1.0000          |
|  |  |
| 2025-09-03 | 1.0000          |
|  |  |
| 2025-09-04 | 1.0000          |
|  |  |
| 2025-09-05 | 1.0000          |
|  |  |
| 2025-09-08 | 1.0000          |
|  |  |
| 2025-09-09 | 1.0000          |
|  |  |
| 2025-09-10 | 1.0000          |
|  |  |
| 2025-09-11 | 1.0000          |
|  |  |
| 2025-09-12 | 1.0000          |
|  |  |
| 2025-09-15 | 1.0000          |
|  |  |
| 2025-09-16 | 1.0000          |
|  |  |
| 2025-09-17 | 1.0000          |
|  |  |
| 2025-09-18 | 1.0000          |
|  |  |
| 2025-09-19 | 1.0000          |
|  |  |
| 2025-09-22 | 1.0000          |
|  |  |
| 2025-09-23 | 1.0000          |
|  |  |
| 2025-09-24 | 1.0000          |
|  |  |
| 2025-09-25 | 1.0000          |
|  |  |
| 2025-09-26 | 1.0000          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $1593356.12               | $159219.73              |
| 2025-09-03 | $302366.25                | $308793.55              |
| 2025-09-04 | $545430.11                | $455512.28              |
| 2025-09-05 | $853532.46                | $566035.00              |
| 2025-09-08 | $475216.80                | $730712.53              |
| 2025-09-09 | $430463.79                | $144688.67              |
| 2025-09-10 | $718104.31                | $768150.25              |
| 2025-09-11 | $125957.99                | $927780.77              |
| 2025-09-12 | $413181.90                | $505049.29              |
| 2025-09-15 | $45001.88                 | $624593.71              |
| 2025-09-16 | $182523.00                | $1194015.48             |
| 2025-09-17 | $117308.07                | $413841.07              |
| 2025-09-18 | $357410.88                | $599518.03              |
| 2025-09-19 | $116800.19                | $209918.77              |
| 2025-09-22 | $527265.19                | $498823.83              |
| 2025-09-23 | $731210.13                | $472222.06              |
| 2025-09-24 | $152935.43                | $333837.96              |
| 2025-09-25 | $122050.54                | $287822.95              |
| 2025-09-26 | $415408.61                | $582026.29              |
| 2025-09-29 | $284398.49                | $396841.80              |
| 2025-09-30 | $46590.82                 | $502335.13              |

**Total Gross Subscriptions (Month):** $8556512.96

**Total Gross Redemptions (Month):** $10681739.15

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.9700%           |
| 2025-09-03 | 3.9700%           |
| 2025-09-04 | 3.9800%           |
| 2025-09-05 | 3.9800%           |
| 2025-09-08 | 4.0100%           |
| 2025-09-09 | 4.0100%           |
| 2025-09-10 | 4.0100%           |
| 2025-09-11 | 4.0100%           |
| 2025-09-12 | 4.0100%           |
| 2025-09-15 | 4.0200%           |
| 2025-09-16 | 4.0200%           |
| 2025-09-17 | 4.0200%           |
| 2025-09-18 | 3.9900%           |
| 2025-09-19 | 3.9600%           |
| 2025-09-22 | 3.8300%           |
| 2025-09-23 | 3.7900%           |
| 2025-09-24 | 3.7600%           |
| 2025-09-25 | 3.7600%           |
| 2025-09-26 | 3.7700%           |
| 2025-09-29 | 3.7800%           |
| 2025-09-30 | 3.7900%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Non-profit    |  | 5.3400%          | 0.0000%              |
| Broker-dealer |  | 24.6500%         | 0.0000%              |

### Class: Class R

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $9687758.24

- **Number of Shares Outstanding:** 9686406.3100

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 1.0000          |
|  |  |
| 2025-09-03 | 1.0000          |
|  |  |
| 2025-09-04 | 1.0000          |
|  |  |
| 2025-09-05 | 1.0000          |
|  |  |
| 2025-09-08 | 1.0000          |
|  |  |
| 2025-09-09 | 1.0000          |
|  |  |
| 2025-09-10 | 1.0000          |
|  |  |
| 2025-09-11 | 1.0000          |
|  |  |
| 2025-09-12 | 1.0000          |
|  |  |
| 2025-09-15 | 1.0000          |
|  |  |
| 2025-09-16 | 1.0000          |
|  |  |
| 2025-09-17 | 1.0000          |
|  |  |
| 2025-09-18 | 1.0000          |
|  |  |
| 2025-09-19 | 1.0000          |
|  |  |
| 2025-09-22 | 1.0000          |
|  |  |
| 2025-09-23 | 1.0000          |
|  |  |
| 2025-09-24 | 1.0000          |
|  |  |
| 2025-09-25 | 1.0000          |
|  |  |
| 2025-09-26 | 1.0000          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $32893.26                 | $0.00                   |
| 2025-09-03 | $932.20                   | $0.00                   |
| 2025-09-04 | $4.20                     | $0.00                   |
| 2025-09-05 | $299.86                   | $0.15                   |
| 2025-09-08 | $551.44                   | $4.97                   |
| 2025-09-09 | $140.07                   | $0.00                   |
| 2025-09-10 | $0.00                     | $2.00                   |
| 2025-09-11 | $0.00                     | $0.00                   |
| 2025-09-12 | $2128.71                  | $15.72                  |
| 2025-09-15 | $52.50                    | $0.00                   |
| 2025-09-16 | $1225.00                  | $0.00                   |
| 2025-09-17 | $4.20                     | $40609.35               |
| 2025-09-18 | $110.66                   | $0.00                   |
| 2025-09-19 | $274.65                   | $0.00                   |
| 2025-09-22 | $77.97                    | $0.00                   |
| 2025-09-23 | $0.00                     | $0.00                   |
| 2025-09-24 | $0.00                     | $0.00                   |
| 2025-09-25 | $110.38                   | $0.00                   |
| 2025-09-26 | $274.65                   | $1.58                   |
| 2025-09-29 | $2392.13                  | $0.01                   |
| 2025-09-30 | $0.00                     | $0.00                   |

**Total Gross Subscriptions (Month):** $41471.88

**Total Gross Redemptions (Month):** $40633.78

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.9700%           |
| 2025-09-03 | 3.9700%           |
| 2025-09-04 | 3.9800%           |
| 2025-09-05 | 3.9800%           |
| 2025-09-08 | 4.0100%           |
| 2025-09-09 | 4.0100%           |
| 2025-09-10 | 4.0100%           |
| 2025-09-11 | 4.0100%           |
| 2025-09-12 | 4.0100%           |
| 2025-09-15 | 4.0200%           |
| 2025-09-16 | 4.0200%           |
| 2025-09-17 | 4.0200%           |
| 2025-09-18 | 3.9900%           |
| 2025-09-19 | 3.9600%           |
| 2025-09-22 | 3.8300%           |
| 2025-09-23 | 3.7900%           |
| 2025-09-24 | 3.7600%           |
| 2025-09-25 | 3.7600%           |
| 2025-09-26 | 3.7700%           |
| 2025-09-29 | 3.7800%           |
| 2025-09-30 | 3.7900%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Retail investor |  | 94.3900%         | 0.0000%              |

### Class: Class G

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $7471797.10

- **Number of Shares Outstanding:** 7473266.2900

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 1.0000          |
|  |  |
| 2025-09-03 | 1.0000          |
|  |  |
| 2025-09-04 | 1.0000          |
|  |  |
| 2025-09-05 | 1.0000          |
|  |  |
| 2025-09-08 | 1.0000          |
|  |  |
| 2025-09-09 | 1.0000          |
|  |  |
| 2025-09-10 | 1.0000          |
|  |  |
| 2025-09-11 | 1.0000          |
|  |  |
| 2025-09-12 | 1.0000          |
|  |  |
| 2025-09-15 | 1.0000          |
|  |  |
| 2025-09-16 | 1.0000          |
|  |  |
| 2025-09-17 | 1.0000          |
|  |  |
| 2025-09-18 | 1.0000          |
|  |  |
| 2025-09-19 | 1.0000          |
|  |  |
| 2025-09-22 | 1.0000          |
|  |  |
| 2025-09-23 | 1.0000          |
|  |  |
| 2025-09-24 | 1.0000          |
|  |  |
| 2025-09-25 | 1.0000          |
|  |  |
| 2025-09-26 | 1.0000          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $164981.31                | $3573094.91             |
| 2025-09-03 | $1478833.12               | $1094551.32             |
| 2025-09-04 | $2778924.08               | $231316.09              |
| 2025-09-05 | $1400429.86               | $1031153.23             |
| 2025-09-08 | $255345.52                | $825390.71              |
| 2025-09-09 | $1202835.29               | $338459.42              |
| 2025-09-10 | $804691.93                | $1973602.11             |
| 2025-09-11 | $1595495.09               | $382557.58              |
| 2025-09-12 | $275082.00                | $2090291.04             |
| 2025-09-15 | $827099.80                | $1059752.90             |
| 2025-09-16 | $191795.56                | $411212.61              |
| 2025-09-17 | $528588.95                | $699782.87              |
| 2025-09-18 | $1614578.39               | $213443.96              |
| 2025-09-19 | $669745.19                | $1394847.90             |
| 2025-09-22 | $931841.43                | $1321209.36             |
| 2025-09-23 | $1505737.05               | $1708628.97             |
| 2025-09-24 | $993141.76                | $157075.25              |
| 2025-09-25 | $3407270.37               | $1256613.66             |
| 2025-09-26 | $1681035.89               | $3498493.92             |
| 2025-09-29 | $245702.28                | $1742510.46             |
| 2025-09-30 | $826804.01                | $541527.99              |

**Total Gross Subscriptions (Month):** $23379958.88

**Total Gross Redemptions (Month):** $25545516.26

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 4.0900%           |
| 2025-09-03 | 4.0900%           |
| 2025-09-04 | 4.0900%           |
| 2025-09-05 | 4.1000%           |
| 2025-09-08 | 4.1200%           |
| 2025-09-09 | 4.1200%           |
| 2025-09-10 | 4.1200%           |
| 2025-09-11 | 4.1200%           |
| 2025-09-12 | 4.1200%           |
| 2025-09-15 | 4.1300%           |
| 2025-09-16 | 4.1400%           |
| 2025-09-17 | 4.1400%           |
| 2025-09-18 | 4.1100%           |
| 2025-09-19 | 4.0700%           |
| 2025-09-22 | 3.9500%           |
| 2025-09-23 | 3.9100%           |
| 2025-09-24 | 3.8800%           |
| 2025-09-25 | 3.8800%           |
| 2025-09-26 | 3.8900%           |
| 2025-09-29 | 3.9000%           |
| 2025-09-30 | 3.9100%           |

### Class: Class P

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $221634870.45

- **Number of Shares Outstanding:** 221637005.8100

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 1.0000          |
|  |  |
| 2025-09-03 | 1.0000          |
|  |  |
| 2025-09-04 | 1.0000          |
|  |  |
| 2025-09-05 | 1.0000          |
|  |  |
| 2025-09-08 | 1.0000          |
|  |  |
| 2025-09-09 | 1.0000          |
|  |  |
| 2025-09-10 | 1.0000          |
|  |  |
| 2025-09-11 | 1.0000          |
|  |  |
| 2025-09-12 | 1.0000          |
|  |  |
| 2025-09-15 | 1.0000          |
|  |  |
| 2025-09-16 | 1.0000          |
|  |  |
| 2025-09-17 | 1.0000          |
|  |  |
| 2025-09-18 | 1.0000          |
|  |  |
| 2025-09-19 | 1.0000          |
|  |  |
| 2025-09-22 | 1.0000          |
|  |  |
| 2025-09-23 | 1.0000          |
|  |  |
| 2025-09-24 | 1.0000          |
|  |  |
| 2025-09-25 | 1.0000          |
|  |  |
| 2025-09-26 | 1.0000          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $47542739.24              | $11068438.77            |
| 2025-09-03 | $4799289.93               | $21684218.41            |
| 2025-09-04 | $453059.48                | $3745800.02             |
| 2025-09-05 | $19757835.03              | $17073205.01            |
| 2025-09-08 | $1482087.77               | $5554284.74             |
| 2025-09-09 | $4552922.81               | $2539258.26             |
| 2025-09-10 | $423450.51                | $14619640.15            |
| 2025-09-11 | $899439.24                | $9933421.50             |
| 2025-09-12 | $7004384.61               | $3586011.97             |
| 2025-09-15 | $3494584.43               | $13398941.17            |
| 2025-09-16 | $5438852.60               | $1711224.69             |
| 2025-09-17 | $8401815.10               | $4906836.77             |
| 2025-09-18 | $5947661.37               | $4505069.95             |
| 2025-09-19 | $791575.67                | $4324354.65             |
| 2025-09-22 | $5273701.14               | $1298333.87             |
| 2025-09-23 | $3089103.49               | $1154251.31             |
| 2025-09-24 | $1304723.47               | $12812175.27            |
| 2025-09-25 | $7403907.87               | $5386620.38             |
| 2025-09-26 | $25347405.23              | $1436617.41             |
| 2025-09-29 | $9599601.95               | $1856.06                |
| 2025-09-30 | $3610764.36               | $5118644.20             |

**Total Gross Subscriptions (Month):** $166618905.30

**Total Gross Redemptions (Month):** $145859204.56

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 4.0900%           |
| 2025-09-03 | 4.0900%           |
| 2025-09-04 | 4.0900%           |
| 2025-09-05 | 4.1000%           |
| 2025-09-08 | 4.1200%           |
| 2025-09-09 | 4.1200%           |
| 2025-09-10 | 4.1200%           |
| 2025-09-11 | 4.1200%           |
| 2025-09-12 | 4.1200%           |
| 2025-09-15 | 4.1300%           |
| 2025-09-16 | 4.1400%           |
| 2025-09-17 | 4.1400%           |
| 2025-09-18 | 4.1100%           |
| 2025-09-19 | 4.0700%           |
| 2025-09-22 | 3.9500%           |
| 2025-09-23 | 3.9100%           |
| 2025-09-24 | 3.8800%           |
| 2025-09-25 | 3.8800%           |
| 2025-09-26 | 3.8900%           |
| 2025-09-29 | 3.9000%           |
| 2025-09-30 | 3.9100%           |

### Class: Class I

- **Minimum Initial Investment:** $5000000.00

- **Net Assets of Class:** $11097.00

- **Number of Shares Outstanding:** 11092.7900

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 1.0000          |
|  |  |
| 2025-09-03 | 1.0000          |
|  |  |
| 2025-09-04 | 1.0000          |
|  |  |
| 2025-09-05 | 1.0000          |
|  |  |
| 2025-09-08 | 1.0000          |
|  |  |
| 2025-09-09 | 1.0000          |
|  |  |
| 2025-09-10 | 1.0000          |
|  |  |
| 2025-09-11 | 1.0000          |
|  |  |
| 2025-09-12 | 1.0000          |
|  |  |
| 2025-09-15 | 1.0000          |
|  |  |
| 2025-09-16 | 1.0000          |
|  |  |
| 2025-09-17 | 1.0000          |
|  |  |
| 2025-09-18 | 1.0000          |
|  |  |
| 2025-09-19 | 1.0000          |
|  |  |
| 2025-09-22 | 1.0000          |
|  |  |
| 2025-09-23 | 1.0000          |
|  |  |
| 2025-09-24 | 1.0000          |
|  |  |
| 2025-09-25 | 1.0000          |
|  |  |
| 2025-09-26 | 1.0000          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $0.00                     | $0.00                   |
| 2025-09-03 | $0.00                     | $0.00                   |
| 2025-09-04 | $0.00                     | $0.00                   |
| 2025-09-05 | $0.00                     | $0.00                   |
| 2025-09-08 | $0.00                     | $0.00                   |
| 2025-09-09 | $0.00                     | $0.00                   |
| 2025-09-10 | $0.00                     | $0.00                   |
| 2025-09-11 | $0.00                     | $0.00                   |
| 2025-09-12 | $0.00                     | $0.00                   |
| 2025-09-15 | $0.00                     | $0.00                   |
| 2025-09-16 | $0.00                     | $0.00                   |
| 2025-09-17 | $0.00                     | $0.00                   |
| 2025-09-18 | $0.00                     | $0.00                   |
| 2025-09-19 | $0.00                     | $0.00                   |
| 2025-09-22 | $0.00                     | $0.00                   |
| 2025-09-23 | $0.00                     | $0.00                   |
| 2025-09-24 | $0.00                     | $0.00                   |
| 2025-09-25 | $0.00                     | $0.00                   |
| 2025-09-26 | $0.00                     | $0.00                   |
| 2025-09-29 | $0.00                     | $0.00                   |
| 2025-09-30 | $0.00                     | $0.00                   |

**Total Gross Subscriptions (Month):** $0.00

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 4.0800%           |
| 2025-09-03 | 4.0800%           |
| 2025-09-04 | 4.0800%           |
| 2025-09-05 | 4.0900%           |
| 2025-09-08 | 4.1200%           |
| 2025-09-09 | 4.1200%           |
| 2025-09-10 | 4.1200%           |
| 2025-09-11 | 4.1300%           |
| 2025-09-12 | 4.1300%           |
| 2025-09-15 | 4.1400%           |
| 2025-09-16 | 4.1500%           |
| 2025-09-17 | 4.1500%           |
| 2025-09-18 | 4.1200%           |
| 2025-09-19 | 4.0800%           |
| 2025-09-22 | 3.9600%           |
| 2025-09-23 | 3.9300%           |
| 2025-09-24 | 3.9000%           |
| 2025-09-25 | 3.9100%           |
| 2025-09-26 | 3.9100%           |
| 2025-09-29 | 3.9200%           |
| 2025-09-30 | 3.9300%           |

**Beneficial/Record Owner Categories**
| Category                  | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Non-financial corporation |  | 100.0000%        | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ETJQ1, C.4 - ISIN: US3133ETJQ14, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $3147314.59
- **C.18.a - Value (excl. sponsor support):** $3147314.59
- **C.19 - Percentage of Net Assets:** 0.8200%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2026-05-28
- **C.12 - Maturity Date (WAL):** 2026-05-28
- **C.13 - Final Legal Maturity Date:** 2026-05-28
- **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 2: HSBC Securities USA, Inc.

- **C.1 - Title:** HSBC Securities USA, Inc.
- **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: N/A, C.3 - LEI: CYYGQCGNHMHPSMRL3R97, C.5 - Other ID: ZS3BWH3
- **C.18 - Value (incl. sponsor support):** $187310760.39
- **C.18.a - Value (excl. sponsor support):** $187310760.39
- **C.19 - Percentage of Net Assets:** 48.9600%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-01
- **C.13 - Final Legal Maturity Date:** 2025-10-01
- **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?:** Yes

**Collateral:**
| Issuer Name                           | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                          |
|:---|:---|:---|:---|:---|:---|:---|
| Federal Home Loan Mortgage Corp.      | 2054-03-01      | 5.0000%  | N/A     | $2110502.14        | $1946524.57        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-03-01      | 5.0000%  | N/A     | $14586563.23       | $3663991.99        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-06-01      | 5.5000%  | N/A     | $351477.40         | $332319.76         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-10-01      | 5.0000%  | N/A     | $15797559.76       | $11529763.92       | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-07-01      | 4.5000%  | N/A     | $33316.65          | $22371.50          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-10-01      | 5.0000%  | N/A     | $15609230.03       | $12342007.01       | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-11-01      | 5.5000%  | N/A     | $165794.69         | $142850.32         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-12-01      | 2.5000%  | N/A     | $111449.90         | $78267.32          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-06-01      | 6.0000%  | N/A     | $3001462.63        | $3144275.60        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2050-08-01      | 3.0000%  | N/A     | $568175.97         | $137350.96         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-03-01      | 2.5000%  | N/A     | $80985.99          | $64837.39          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-12-01      | 7.5000%  | N/A     | $593437.33         | $430404.59         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2042-09-01      | 3.5000%  | N/A     | $2478471.01        | $328781.32         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-12-01      | 5.0000%  | N/A     | $8556243.15        | $7169194.07        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-06-01      | 6.0000%  | N/A     | $787589.30         | $798878.89         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-06-01      | 3.5000%  | N/A     | $63373.47          | $27551.77          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-08-01      | 4.0000%  | N/A     | $7710570.03        | $5937002.10        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-03-01      | 3.0000%  | N/A     | $5943682.61        | $5007984.38        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-06-01      | 5.0000%  | N/A     | $26175.12          | $22561.59          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-03-01      | 3.0000%  | N/A     | $156092.30         | $34593.42          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-06-01      | 6.0000%  | N/A     | $322103.33         | $263250.18         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2039-06-01      | 4.0000%  | N/A     | $1467267.62        | $60607.72          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2041-02-01      | 4.5000%  | N/A     | $46827.69          | $8818.79           | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-11-01      | 6.5000%  | N/A     | $1696868.16        | $1363743.71        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2042-04-01      | 3.0100%  | N/A     | $323828.46         | $245031.19         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-08-01      | 3.5000%  | N/A     | $343403.06         | $235654.34         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2043-04-01      | 3.5000%  | N/A     | $12289244.21       | $2488462.81        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-02-01      | 7.0000%  | N/A     | $370970.83         | $261541.32         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-08-01      | 2.5000%  | N/A     | $1523460.85        | $900694.37         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2045-05-01      | 3.5000%  | N/A     | $7736059.28        | $1298250.48        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-07-01      | 7.0000%  | N/A     | $352360.26         | $292410.00         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-02-01      | 6.0000%  | N/A     | $1080255.50        | $990752.57         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-09-01      | 7.0000%  | N/A     | $2965209.26        | $3062823.53        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2036-10-01      | 2.0900%  | N/A     | $508860.90         | $411741.04         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-02-01      | 5.5000%  | N/A     | $2819661.30        | $2002703.86        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2050-09-01      | 3.0000%  | N/A     | $76485.23          | $26642.94          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-01-01      | 5.5000%  | N/A     | $419102.83         | $353602.27         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-06-01      | 6.0000%  | N/A     | $3188698.47        | $2629713.45        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-03-01      | 6.0000%  | N/A     | $1627333.41        | $1669826.42        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2028-05-01      | 5.1600%  | N/A     | $784457.46         | $798612.74         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2045-09-01      | 3.5000%  | N/A     | $19114768.40       | $2218179.01        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-09-01      | 5.0000%  | N/A     | $32848937.80       | $25893113.53       | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2035-10-01      | 3.0000%  | N/A     | $371223.08         | $160232.83         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2033-09-01      | 4.0000%  | N/A     | $599706.62         | $109051.61         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2035-12-01      | 1.6100%  | N/A     | $17905.35          | $14067.77          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2045-06-01      | 3.5000%  | N/A     | $88972.61          | $14328.60          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-02-01      | 6.0000%  | N/A     | $808936.48         | $788953.15         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2048-07-01      | 4.5000%  | N/A     | $105783.13         | $23126.76          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-12-01      | 6.0000%  | N/A     | $1207396.42        | $876336.36         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-10-01      | 6.0000%  | N/A     | $7093103.85        | $4749560.70        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-11-01      | 6.0000%  | N/A     | $95877.82          | $83768.17          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-05-01      | 5.0000%  | N/A     | $575431.77         | $494547.54         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2063-06-01      | 3.5000%  | N/A     | $2051300.08        | $1605952.77        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-06-01      | 5.0000%  | N/A     | $662225.95         | $543346.77         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2028-04-01      | 2.5000%  | N/A     | $2052613.75        | $78195.59          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-10-01      | 6.5000%  | N/A     | $1429750.53        | $1268431.52        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-02-01      | 2.0000%  | N/A     | $22739826.01       | $12850244.25       | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2042-07-01      | 3.5000%  | N/A     | $908483.41         | $33792.18          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2043-02-01      | 3.5000%  | N/A     | $10373060.12       | $6773654.27        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-06-01      | 3.5000%  | N/A     | $199798.14         | $44042.28          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2036-09-01      | 2.0000%  | N/A     | $9976440.83        | $5417442.03        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-05-01      | 6.5000%  | N/A     | $1698743.76        | $1637174.22        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-11-01      | 5.5000%  | N/A     | $586907.05         | $468063.53         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-11-01      | 5.5000%  | N/A     | $71857.40          | $63957.10          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-04-01      | 6.0000%  | N/A     | $7058948.36        | $5683672.24        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-11-01      | 6.5000%  | N/A     | $1494974.63        | $1138859.75        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2045-11-01      | 2.0000%  | N/A     | $22980942.41       | $13348731.51       | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2038-08-01      | 5.0000%  | N/A     | $550063.65         | $439023.18         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-07-01      | 3.0000%  | N/A     | $219492.62         | $132843.71         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2051-06-01      | 2.0000%  | N/A     | $3871089.05        | $2354299.39        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2050-07-01      | 4.5000%  | N/A     | $8507664.73        | $2141111.22        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2042-01-01      | 3.5000%  | N/A     | $61469497.20       | $4387382.59        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-05-01      | 3.0000%  | N/A     | $610427.04         | $479688.62         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-04-01      | 2.5000%  | N/A     | $57918.98          | $38069.68          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2051-08-01      | 4.0000%  | N/A     | $62436.92          | $41249.68          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2051-08-01      | 2.5000%  | N/A     | $30906.28          | $19570.79          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2049-12-01      | 3.5000%  | N/A     | $266293.46         | $45910.10          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2043-04-01      | 3.5000%  | N/A     | $1873107.60        | $353911.98         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-07-01      | 3.5000%  | N/A     | $38710.89          | $30003.17          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-03-01      | 2.9300%  | N/A     | $767997.84         | $569842.68         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-05-01      | 4.0700%  | N/A     | $1779452.22        | $1477834.99        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2046-07-01      | 3.5000%  | N/A     | $889726.11         | $203811.75         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2050-02-01      | 4.0000%  | N/A     | $3064613.83        | $1147987.42        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2050-12-01      | 2.0000%  | N/A     | $653255.02         | $407288.36         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-12-01      | 5.0000%  | N/A     | $755502.97         | $728913.86         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2049-02-01      | 3.0000%  | N/A     | $8652348.55        | $6770739.02        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2044-09-01      | 4.0000%  | N/A     | $18572235.58       | $1961099.16        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-10-01      | 6.0000%  | N/A     | $4481612.24        | $4626468.40        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2035-01-01      | 2.5000%  | N/A     | $468276.90         | $86163.56          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2044-12-01      | 3.5000%  | N/A     | $1193355.61        | $118584.10         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-11-01      | 5.5000%  | N/A     | $1090310.96        | $926948.24         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-09-01      | 6.0000%  | N/A     | $320117.84         | $265324.82         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2045-03-01      | 3.5000%  | N/A     | $4677149.69        | $792482.62         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2043-05-01      | 3.5000%  | N/A     | $4461067.99        | $442488.95         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2031-11-01      | 2.0000%  | N/A     | $234138.45         | $38773.06          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-06-01      | 3.5000%  | N/A     | $17170.15          | $12923.07          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-12-01      | 3.5000%  | N/A     | $833856.31         | $325081.43         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-05-01      | 6.5000%  | N/A     | $1480501.75        | $806330.23         | Agency Mortgage-Backed Securities |

### Security 3: Bank of Nova Scotia (The)

- **C.1 - Title:** Bank of Nova Scotia (The)
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: L3I9ZG2KFGXZ61BMYR72, C.5 - Other ID: ZS3BWH4
- **C.18 - Value (incl. sponsor support):** $9365538.03
- **C.18.a - Value (excl. sponsor support):** $9365538.03
- **C.19 - Percentage of Net Assets:** 2.4500%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-01
- **C.13 - Final Legal Maturity Date:** 2025-10-01
- **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?:** Yes

**Collateral:**
| Issuer Name            | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| United States Treasury | 2041-02-15      | 1.8750%  | N/A     | $13527302.16       | $9553964.90        | U.S. Treasuries (including strips) |

### Security 4: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ETSZ1, C.4 - ISIN: US3133ETSZ12, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4064921.26
- **C.18.a - Value (excl. sponsor support):** $4064921.26
- **C.19 - Percentage of Net Assets:** 1.0600%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-13
- **C.13 - Final Legal Maturity Date:** 2026-10-13
- **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.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3134HATA1, C.4 - ISIN: US3134HATA17, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $4052722.41
- **C.18.a - Value (excl. sponsor support):** $4052722.41
- **C.19 - Percentage of Net Assets:** 1.0600%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-16
- **C.13 - Final Legal Maturity Date:** 2026-10-16
- **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: U.S. Treasury Bills

- **C.1 - Title:** U.S. Treasury Bills
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PV3, C.4 - ISIN: US912797PV33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $3979045.34
- **C.18.a - Value (excl. sponsor support):** $3979045.34
- **C.19 - Percentage of Net Assets:** 1.0400%
- **C.17 - Yield as of Reporting Date:** 4.0200%
- **C.11 - Maturity Date (WAM):** 2026-03-19
- **C.12 - Maturity Date (WAL):** 2026-03-19
- **C.13 - Final Legal Maturity Date:** 2026-03-19
- **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 7: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133EREL1, C.4 - ISIN: US3133EREL16, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4051109.30
- **C.18.a - Value (excl. sponsor support):** $4051109.30
- **C.19 - Percentage of Net Assets:** 1.0600%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-05-14
- **C.13 - Final Legal Maturity Date:** 2026-05-14
- **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: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ETQP5, C.4 - ISIN: US3133ETQP57, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $3999882.24
- **C.18.a - Value (excl. sponsor support):** $3999882.24
- **C.19 - Percentage of Net Assets:** 1.0500%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-21
- **C.13 - Final Legal Maturity Date:** 2026-10-21
- **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: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ERTE1, C.4 - ISIN: US3133ERTE18, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $1140684.52
- **C.18.a - Value (excl. sponsor support):** $1140684.52
- **C.19 - Percentage of Net Assets:** 0.3000%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-09-16
- **C.13 - Final Legal Maturity Date:** 2026-09-16
- **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: Federal National Mortgage Association

- **C.1 - Title:** Federal National Mortgage Association
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3135G07H0, C.4 - ISIN: US3135G07H00, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $2001003.84
- **C.18.a - Value (excl. sponsor support):** $2001003.84
- **C.19 - Percentage of Net Assets:** 0.5200%
- **C.17 - Yield as of Reporting Date:** 4.2700%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-07-29
- **C.13 - Final Legal Maturity Date:** 2026-07-29
- **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: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ERKS9, C.4 - ISIN: US3133ERKS94, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4002524.28
- **C.18.a - Value (excl. sponsor support):** $4002524.28
- **C.19 - Percentage of Net Assets:** 1.0500%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-07-10
- **C.13 - Final Legal Maturity Date:** 2026-07-10
- **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 12: Federal Home Loan Mortgage Corp.

- **C.1 - Title:** Federal Home Loan Mortgage Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397MQ1, C.4 - ISIN: US313397MQ12, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $3172867.45
- **C.18.a - Value (excl. sponsor support):** $3172867.45
- **C.19 - Percentage of Net Assets:** 0.8300%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-10-06
- **C.12 - Maturity Date (WAL):** 2025-10-06
- **C.13 - Final Legal Maturity Date:** 2025-10-06
- **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

### Security 13: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ETKG1, C.4 - ISIN: US3133ETKG13, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $3949944.46
- **C.18.a - Value (excl. sponsor support):** $3949944.46
- **C.19 - Percentage of Net Assets:** 1.0300%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-05
- **C.13 - Final Legal Maturity Date:** 2026-10-05
- **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 14: Banc of America Securities LLC

- **C.1 - Title:** Banc of America Securities LLC
- **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: N/A, C.3 - LEI: 549300HN4UKV1E2R3U73, C.5 - Other ID: ZS3BWG6
- **C.18 - Value (incl. sponsor support):** $31083908.52
- **C.18.a - Value (excl. sponsor support):** $31083908.52
- **C.19 - Percentage of Net Assets:** 8.1200%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-01
- **C.13 - Final Legal Maturity Date:** 2025-10-01
- **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?:** Yes

**Collateral:**
| Issuer Name                              | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                          |
|:---|:---|:---|:---|:---|:---|:---|
| Federal National Mortgage Association    | 2045-12-01      | 4.0000%  | N/A     | $2731615.26        | $389149.08         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association    | 2052-07-01      | 3.5000%  | N/A     | $132678.46         | $104674.81         | Agency Mortgage-Backed Securities |
| Government National Mortgage Association | 2055-09-20      | 5.5000%  | N/A     | $7025821.83        | $7157630.16        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association    | 2054-03-01      | 5.0000%  | N/A     | $443836.59         | $403693.41         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.         | 2043-12-01      | 4.5000%  | N/A     | $216342.68         | $21158.40          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.         | 2036-02-01      | 2.5000%  | N/A     | $1253433.66        | $630963.51         | Agency Mortgage-Backed Securities |
| Government National Mortgage Association | 2055-08-20      | 4.7500%  | N/A     | $1601169.84        | $1607679.22        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association    | 2055-08-01      | 5.2930%  | N/A     | $498364.00         | $502745.03         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.         | 2055-02-01      | 5.5000%  | N/A     | $160732.30         | $158223.14         | Agency Mortgage-Backed Securities |
| Government National Mortgage Association | 2055-07-20      | 5.5000%  | N/A     | $8572229.50        | $8636220.33        | Agency Mortgage-Backed Securities |
| Government National Mortgage Association | 2051-12-20      | 2.5000%  | N/A     | $15042402.71       | $9443968.57        | Agency Mortgage-Backed Securities |
| Government National Mortgage Association | 2047-12-20      | 4.9040%  | N/A     | $2107789.26        | $564771.17         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.         | 2055-01-01      | 5.0000%  | N/A     | $161788.11         | $154408.88         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association    | 2034-09-01      | 3.7000%  | N/A     | $755485.49         | $572102.78         | Agency Mortgage-Backed Securities |
| Government National Mortgage Association | 2055-03-20      | 7.0000%  | N/A     | $864852.18         | $914934.72         | Agency Mortgage-Backed Securities |
| Government National Mortgage Association | 2055-07-20      | 5.5000%  | N/A     | $437778.96         | $443263.49         | Agency Mortgage-Backed Securities |

### Security 15: Federal National Mortgage Association

- **C.1 - Title:** Federal National Mortgage Association
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3135G1AB7, C.4 - ISIN: US3135G1AB74, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $4102777.34
- **C.18.a - Value (excl. sponsor support):** $4102777.34
- **C.19 - Percentage of Net Assets:** 1.0700%
- **C.17 - Yield as of Reporting Date:** 4.2700%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-12-11
- **C.13 - Final Legal Maturity Date:** 2026-12-11
- **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 16: U.S. Treasury Bills

- **C.1 - Title:** U.S. Treasury Bills
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QN0, C.4 - ISIN: US912797QN08, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $3117616.89
- **C.18.a - Value (excl. sponsor support):** $3117616.89
- **C.19 - Percentage of Net Assets:** 0.8100%
- **C.17 - Yield as of Reporting Date:** 4.0200%
- **C.11 - Maturity Date (WAM):** 2026-05-14
- **C.12 - Maturity Date (WAL):** 2026-05-14
- **C.13 - Final Legal Maturity Date:** 2026-05-14
- **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: Federal Home Loan Banks

- **C.1 - Title:** Federal Home Loan Banks
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B7JF2, C.4 - ISIN: US3130B7JF28, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4062616.22
- **C.18.a - Value (excl. sponsor support):** $4062616.22
- **C.19 - Percentage of Net Assets:** 1.0600%
- **C.17 - Yield as of Reporting Date:** 3.9900%
- **C.11 - Maturity Date (WAM):** 2026-09-18
- **C.12 - Maturity Date (WAL):** 2026-09-18
- **C.13 - Final Legal Maturity Date:** 2026-09-18
- **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 18: Federal Home Loan Banks

- **C.1 - Title:** Federal Home Loan Banks
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B3G64, C.4 - ISIN: US3130B3G642, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4050394.27
- **C.18.a - Value (excl. sponsor support):** $4050394.27
- **C.19 - Percentage of Net Assets:** 1.0600%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-11-04
- **C.13 - Final Legal Maturity Date:** 2026-11-04
- **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 19: BNP Paribas Securities Corp.

- **C.1 - Title:** BNP Paribas Securities Corp.
- **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: N/A, C.3 - LEI: RCNB6OTYUAMMP879YW96, C.5 - Other ID: ZS3BWHB
- **C.18 - Value (incl. sponsor support):** $5706325.54
- **C.18.a - Value (excl. sponsor support):** $5706325.54
- **C.19 - Percentage of Net Assets:** 1.4900%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-01
- **C.13 - Final Legal Maturity Date:** 2025-10-01
- **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?:** Yes

**Collateral:**
| Issuer Name                           | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                          |
|:---|:---|:---|:---|:---|:---|:---|
| Federal Home Loan Mortgage Corp.      | 2046-03-01      | 4.0000%  | N/A     | $1331648.39        | $165139.27         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2033-11-01      | 6.3530%  | N/A     | $526748.76         | $23074.25          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-10-01      | 4.9070%  | N/A     | $72359.40          | $72497.74          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-09-01      | 6.5000%  | N/A     | $49500.30          | $51545.56          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2048-09-01      | 4.8940%  | N/A     | $812005.57         | $48959.73          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-05-01      | 1.9230%  | N/A     | $301258.14         | $257553.40         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2032-05-01      | 3.7700%  | N/A     | $696796.03         | $675225.97         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2051-01-01      | 6.5230%  | N/A     | $1966881.62        | $1990497.87        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-09-01      | 6.0000%  | N/A     | $618718.66         | $567921.69         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2029-01-01      | 4.2000%  | N/A     | $324359.80         | $326234.38         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-04-01      | 6.5000%  | N/A     | $110226.76         | $108062.82         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-10-01      | 4.0510%  | N/A     | $41296.40          | $29288.68          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2048-08-01      | 6.3700%  | N/A     | $624057.02         | $33072.86          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2047-04-01      | 6.6980%  | N/A     | $14758.21          | $13974.01          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2047-11-01      | 4.0000%  | N/A     | $898316.18         | $258838.05         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2033-09-01      | 7.0000%  | N/A     | $137673.41         | $13310.20          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2043-03-01      | 3.0000%  | N/A     | $109547.45         | $19274.91          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2034-09-01      | 4.1600%  | N/A     | $609684.04         | $598089.75         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2033-12-01      | 4.0000%  | N/A     | $154531.38         | $12172.21          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-03-01      | 4.6640%  | N/A     | $180487.03         | $144560.62         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-05-01      | 2.2650%  | N/A     | $152769.72         | $110817.93         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2041-12-01      | 7.0340%  | N/A     | $1247045.74        | $25702.89          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2048-07-01      | 4.5000%  | N/A     | $97066.93          | $17537.49          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-08-01      | 1.9710%  | N/A     | $85850.77          | $64762.79          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2048-12-01      | 4.2800%  | N/A     | $223029.36         | $193017.69         | Agency Mortgage-Backed Securities |

### Security 20: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ER7B1, C.4 - ISIN: US3133ER7B16, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4050728.55
- **C.18.a - Value (excl. sponsor support):** $4050728.55
- **C.19 - Percentage of Net Assets:** 1.0600%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-06-12
- **C.13 - Final Legal Maturity Date:** 2026-06-12
- **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 21: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ERBC4, C.4 - ISIN: US3133ERBC44, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4050796.11
- **C.18.a - Value (excl. sponsor support):** $4050796.11
- **C.19 - Percentage of Net Assets:** 1.0600%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-02-12
- **C.13 - Final Legal Maturity Date:** 2026-02-12
- **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 22: Federal Home Loan Banks

- **C.1 - Title:** Federal Home Loan Banks
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385PY6, C.4 - ISIN: US313385PY62, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $3278090.74
- **C.18.a - Value (excl. sponsor support):** $3278090.74
- **C.19 - Percentage of Net Assets:** 0.8600%
- **C.17 - Yield as of Reporting Date:** 4.0500%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **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 23: Federal Farm Credit Banks Funding Corp.

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp.
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ERZL8, C.4 - ISIN: US3133ERZL86, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $2050051.19
- **C.18.a - Value (excl. sponsor support):** $2050051.19
- **C.19 - Percentage of Net Assets:** 0.5400%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-30
- **C.13 - Final Legal Maturity Date:** 2025-10-30
- **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 24: Federal Home Loan Banks

- **C.1 - Title:** Federal Home Loan Banks
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B7RC0, C.4 - ISIN: US3130B7RC05, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4099743.96
- **C.18.a - Value (excl. sponsor support):** $4099743.96
- **C.19 - Percentage of Net Assets:** 1.0700%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2027-03-16
- **C.13 - Final Legal Maturity Date:** 2027-03-16
- **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 25: Federal Home Loan Banks

- **C.1 - Title:** Federal Home Loan Banks
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B53U0, C.4 - ISIN: US3130B53U06, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $3599912.95
- **C.18.a - Value (excl. sponsor support):** $3599912.95
- **C.19 - Percentage of Net Assets:** 0.9400%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-02-19
- **C.13 - Final Legal Maturity Date:** 2026-02-19
- **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 26: Royal Bank of Canada

- **C.1 - Title:** Royal Bank of Canada
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: ES7IP3U3RHIGC71XBU11, C.5 - Other ID: ZS3BWH6
- **C.18 - Value (incl. sponsor support):** $71802458.19
- **C.18.a - Value (excl. sponsor support):** $71802458.19
- **C.19 - Percentage of Net Assets:** 18.7700%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-01
- **C.13 - Final Legal Maturity Date:** 2025-10-01
- **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?:** Yes

**Collateral:**
| Issuer Name            | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| United States Treasury | 2045-08-15      | 2.8750%  | N/A     | $439118.86         | $335557.84         | U.S. Treasuries (including strips) |
| United States Treasury | 2027-06-30      | 3.7500%  | N/A     | $31551311.30       | $31908156.63       | U.S. Treasuries (including strips) |
| United States Treasury | 2050-05-15      | 1.2500%  | N/A     | $22877418.26       | $11352609.97       | U.S. Treasuries (including strips) |
| United States Treasury | 2027-10-15      | 3.8750%  | N/A     | $1747765.49        | $1787811.84        | U.S. Treasuries (including strips) |
| United States Treasury | 2027-02-28      | 1.8750%  | N/A     | $28521122.69       | $27862936.95       | U.S. Treasuries (including strips) |

### Security 27: Federal Home Loan Banks

- **C.1 - Title:** Federal Home Loan Banks
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B7LG7, C.4 - ISIN: US3130B7LG72, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4066204.87
- **C.18.a - Value (excl. sponsor support):** $4066204.87
- **C.19 - Percentage of Net Assets:** 1.0600%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2026-11-27
- **C.13 - Final Legal Maturity Date:** 2026-11-27
- **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

## N-MFP: Signatures

**Registrant:** Putnam Investment Funds

**Date:** 2025-10-06

**By:** /s/Jeff White

**Name of Signing Officer:** Jeff White

**Title of Signing Officer:** Vice President