# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0001752724-25-185444
**Filing Date:** 2025-8
**Character Count:** 72768
**Document Hash:** e4875e38d4a7e170464d700fd3cbb67c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-185444.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001752724-25-185444

**CONFORMED SUBMISSION TYPE**: N-MFP3

**CONFIRMING COPY**: 

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**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):** 2025-07-31

**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:** 13 days

- **WAL:** 60 days

- **Total Value of Portfolio Securities:** $283036111.21

- **Amortized Cost of Portfolio Securities:** $283040373.32

- **Cash:** $195640.90

- **Total Other Assets:** $308920.43

- **Total Liabilities:** $1288845.77

- **Net Assets of Series:** $282256088.88

- **Number of Shares Outstanding (Series):** 282259963.9100

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-07-01 | $264171109.24             | $270055887.82              | 83.7600%                  | 85.6200%                   |
| 2025-07-02 | $286991049.87             | $292876506.85              | 84.8200%                  | 86.5600%                   |
| 2025-07-03 | $277472985.86             | $283359121.25              | 84.4000%                  | 86.1900%                   |
| 2025-07-07 | $287286170.08             | $291325019.08              | 85.3200%                  | 86.5200%                   |
| 2025-07-08 | $280219408.15             | $284258721.77              | 85.0100%                  | 86.2300%                   |
| 2025-07-09 | $267016937.00             | $271056715.25              | 84.2800%                  | 85.5600%                   |
| 2025-07-10 | $283265206.56             | $287305449.43              | 85.0600%                  | 86.2700%                   |
| 2025-07-11 | $282815003.46             | $286855710.96              | 85.0400%                  | 86.2500%                   |
| 2025-07-14 | $283904978.31             | $287947079.68              | 85.0800%                  | 86.2900%                   |
| 2025-07-15 | $286143919.72             | $290186485.72              | 84.1800%                  | 85.3700%                   |
| 2025-07-16 | $286508071.70             | $290551102.32              | 84.2000%                  | 85.3900%                   |
| 2025-07-17 | $275213288.73             | $279256783.98              | 83.6600%                  | 84.8900%                   |
| 2025-07-18 | $272706719.55             | $276750679.42              | 83.5300%                  | 84.7700%                   |
| 2025-07-21 | $288060241.10             | $292105594.85              | 84.2700%                  | 85.4500%                   |
| 2025-07-22 | $279670636.15             | $283716454.52              | 83.8700%                  | 85.0800%                   |
| 2025-07-23 | $265879233.53             | $269925516.53              | 83.1700%                  | 84.4400%                   |
| 2025-07-24 | $264184968.99             | $268231716.61              | 83.0800%                  | 84.3500%                   |
| 2025-07-25 | $265640611.71             | $269687823.96              | 83.1600%                  | 84.4200%                   |
| 2025-07-28 | $275027239.74             | $279075845.86              | 83.6300%                  | 84.8600%                   |
| 2025-07-29 | $222066471.30             | $226115542.05              | 80.5000%                  | 81.9600%                   |
| 2025-07-30 | $199872657.17             | $203922192.54              | 78.8000%                  | 80.3900%                   |
| 2025-07-31 | $233824623.06             | $233824623.06              | 82.4600%                  | 82.4600%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-07-01 | 4.4400%             |
| 2025-07-02 | 4.4500%             |
| 2025-07-03 | 4.4400%             |
| 2025-07-07 | 4.4100%             |
| 2025-07-08 | 4.4000%             |
| 2025-07-09 | 4.4000%             |
| 2025-07-10 | 4.3900%             |
| 2025-07-11 | 4.3900%             |
| 2025-07-14 | 4.3900%             |
| 2025-07-15 | 4.3900%             |
| 2025-07-16 | 4.4000%             |
| 2025-07-17 | 4.4000%             |
| 2025-07-18 | 4.4000%             |
| 2025-07-21 | 4.3800%             |
| 2025-07-22 | 4.3700%             |
| 2025-07-23 | 4.3600%             |
| 2025-07-24 | 4.3600%             |
| 2025-07-25 | 4.3600%             |
| 2025-07-28 | 4.3900%             |
| 2025-07-29 | 4.4000%             |
| 2025-07-30 | 4.4100%             |
| 2025-07-31 | 4.4200%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-07-01 | 1.0000                      |
|  |  |
| 2025-07-02 | 1.0000                      |
|  |  |
| 2025-07-03 | 1.0000                      |
|  |  |
| 2025-07-07 | 1.0000                      |
|  |  |
| 2025-07-08 | 1.0000                      |
|  |  |
| 2025-07-09 | 1.0000                      |
|  |  |
| 2025-07-10 | 1.0000                      |
|  |  |
| 2025-07-11 | 1.0000                      |
|  |  |
| 2025-07-14 | 1.0000                      |
|  |  |
| 2025-07-15 | 1.0000                      |
|  |  |
| 2025-07-16 | 1.0000                      |
|  |  |
| 2025-07-17 | 1.0000                      |
|  |  |
| 2025-07-18 | 1.0000                      |
|  |  |
| 2025-07-21 | 1.0000                      |
|  |  |
| 2025-07-22 | 1.0000                      |
|  |  |
| 2025-07-23 | 1.0000                      |
|  |  |
| 2025-07-24 | 1.0000                      |
|  |  |
| 2025-07-25 | 1.0000                      |
|  |  |
| 2025-07-28 | 1.0000                      |
|  |  |
| 2025-07-29 | 1.0000                      |
|  |  |
| 2025-07-30 | 1.0000                      |
|  |  |
| 2025-07-31 | 1.0000                      |
|  |  |

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

### Class: Class C

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $1834847.91

- **Number of Shares Outstanding:** 1834735.5300

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 1.0000          |
|  |  |
| 2025-07-02 | 1.0000          |
|  |  |
| 2025-07-03 | 1.0000          |
|  |  |
| 2025-07-07 | 1.0000          |
|  |  |
| 2025-07-08 | 1.0000          |
|  |  |
| 2025-07-09 | 1.0000          |
|  |  |
| 2025-07-10 | 1.0000          |
|  |  |
| 2025-07-11 | 1.0000          |
|  |  |
| 2025-07-14 | 1.0000          |
|  |  |
| 2025-07-15 | 1.0000          |
|  |  |
| 2025-07-16 | 1.0000          |
|  |  |
| 2025-07-17 | 1.0000          |
|  |  |
| 2025-07-18 | 1.0000          |
|  |  |
| 2025-07-21 | 1.0000          |
|  |  |
| 2025-07-22 | 1.0000          |
|  |  |
| 2025-07-23 | 1.0000          |
|  |  |
| 2025-07-24 | 1.0000          |
|  |  |
| 2025-07-25 | 1.0000          |
|  |  |
| 2025-07-28 | 1.0000          |
|  |  |
| 2025-07-29 | 1.0000          |
|  |  |
| 2025-07-30 | 1.0000          |
|  |  |
| 2025-07-31 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $7315.69                  | $33.84                  |
| 2025-07-02 | $112.50                   | $0.00                   |
| 2025-07-03 | $0.00                     | $0.05                   |
| 2025-07-07 | $0.00                     | $0.00                   |
| 2025-07-08 | $50.00                    | $7415.50                |
| 2025-07-09 | $0.00                     | $0.00                   |
| 2025-07-10 | $2541.51                  | $0.00                   |
| 2025-07-11 | $0.00                     | $0.00                   |
| 2025-07-14 | $681.30                   | $0.00                   |
| 2025-07-15 | $0.00                     | $0.00                   |
| 2025-07-16 | $0.00                     | $0.00                   |
| 2025-07-17 | $25.00                    | $0.00                   |
| 2025-07-18 | $0.00                     | $75000.00               |
| 2025-07-21 | $0.00                     | $0.00                   |
| 2025-07-22 | $0.00                     | $0.00                   |
| 2025-07-23 | $0.00                     | $0.00                   |
| 2025-07-24 | $1293.93                  | $0.00                   |
| 2025-07-25 | $0.00                     | $0.00                   |
| 2025-07-28 | $0.00                     | $0.00                   |
| 2025-07-29 | $531.30                   | $0.00                   |
| 2025-07-30 | $0.00                     | $0.00                   |
| 2025-07-31 | $0.00                     | $0.00                   |

**Total Gross Subscriptions (Month):** $12551.23

**Total Gross Redemptions (Month):** $82449.39

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.9900%           |
| 2025-07-02 | 4.0000%           |
| 2025-07-03 | 4.0000%           |
| 2025-07-07 | 3.9700%           |
| 2025-07-08 | 3.9600%           |
| 2025-07-09 | 3.9600%           |
| 2025-07-10 | 3.9500%           |
| 2025-07-11 | 3.9500%           |
| 2025-07-14 | 3.9500%           |
| 2025-07-15 | 3.9500%           |
| 2025-07-16 | 3.9500%           |
| 2025-07-17 | 3.9600%           |
| 2025-07-18 | 3.9500%           |
| 2025-07-21 | 3.9400%           |
| 2025-07-22 | 3.9300%           |
| 2025-07-23 | 3.9200%           |
| 2025-07-24 | 3.9100%           |
| 2025-07-25 | 3.9200%           |
| 2025-07-28 | 3.9400%           |
| 2025-07-29 | 3.9500%           |
| 2025-07-30 | 3.9600%           |
| 2025-07-31 | 3.9700%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer   |  | 14.8600%         | 0.0000%              |
| Retail investor |  | 29.3800%         | 0.0000%              |

### Class: Class A

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $144166972.58

- **Number of Shares Outstanding:** 144168711.5800

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 1.0000          |
|  |  |
| 2025-07-02 | 1.0000          |
|  |  |
| 2025-07-03 | 1.0000          |
|  |  |
| 2025-07-07 | 1.0000          |
|  |  |
| 2025-07-08 | 1.0000          |
|  |  |
| 2025-07-09 | 1.0000          |
|  |  |
| 2025-07-10 | 1.0000          |
|  |  |
| 2025-07-11 | 1.0000          |
|  |  |
| 2025-07-14 | 1.0000          |
|  |  |
| 2025-07-15 | 1.0000          |
|  |  |
| 2025-07-16 | 1.0000          |
|  |  |
| 2025-07-17 | 1.0000          |
|  |  |
| 2025-07-18 | 1.0000          |
|  |  |
| 2025-07-21 | 1.0000          |
|  |  |
| 2025-07-22 | 1.0000          |
|  |  |
| 2025-07-23 | 1.0000          |
|  |  |
| 2025-07-24 | 1.0000          |
|  |  |
| 2025-07-25 | 1.0000          |
|  |  |
| 2025-07-28 | 1.0000          |
|  |  |
| 2025-07-29 | 1.0000          |
|  |  |
| 2025-07-30 | 1.0000          |
|  |  |
| 2025-07-31 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $1034491.22               | $304225.66              |
| 2025-07-02 | $308566.31                | $556929.84              |
| 2025-07-03 | $115483.50                | $370827.86              |
| 2025-07-07 | $1094956.87               | $54190.12               |
| 2025-07-08 | $236520.06                | $128010.44              |
| 2025-07-09 | $206386.46                | $347874.25              |
| 2025-07-10 | $1767087.25               | $242129.77              |
| 2025-07-11 | $451666.31                | $226173.47              |
| 2025-07-14 | $1166952.35               | $697986.79              |
| 2025-07-15 | $236416.57                | $237619.70              |
| 2025-07-16 | $301863.67                | $617313.46              |
| 2025-07-17 | $175553.26                | $179447.71              |
| 2025-07-18 | $461255.03                | $882738.82              |
| 2025-07-21 | $246769.90                | $235393.46              |
| 2025-07-22 | $507627.16                | $166488.78              |
| 2025-07-23 | $211152.38                | $584717.81              |
| 2025-07-24 | $120703.59                | $432424.87              |
| 2025-07-25 | $244718.82                | $337845.37              |
| 2025-07-28 | $381220.99                | $393186.69              |
| 2025-07-29 | $659469.85                | $247734.73              |
| 2025-07-30 | $111814.53                | $246117.21              |
| 2025-07-31 | $80356.84                 | $112703.71              |

**Total Gross Subscriptions (Month):** $10121032.92

**Total Gross Redemptions (Month):** $7602080.52

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.9900%           |
| 2025-07-02 | 4.0000%           |
| 2025-07-03 | 4.0000%           |
| 2025-07-07 | 3.9700%           |
| 2025-07-08 | 3.9600%           |
| 2025-07-09 | 3.9600%           |
| 2025-07-10 | 3.9500%           |
| 2025-07-11 | 3.9500%           |
| 2025-07-14 | 3.9500%           |
| 2025-07-15 | 3.9500%           |
| 2025-07-16 | 3.9500%           |
| 2025-07-17 | 3.9600%           |
| 2025-07-18 | 3.9500%           |
| 2025-07-21 | 3.9400%           |
| 2025-07-22 | 3.9300%           |
| 2025-07-23 | 3.9200%           |
| 2025-07-24 | 3.9100%           |
| 2025-07-25 | 3.9200%           |
| 2025-07-28 | 3.9400%           |
| 2025-07-29 | 3.9500%           |
| 2025-07-30 | 3.9600%           |
| 2025-07-31 | 3.9700%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Non-profit    |  | 5.2100%          | 0.0000%              |
| Broker-dealer |  | 25.2200%         | 0.0000%              |

### Class: Class R

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $9778876.54

- **Number of Shares Outstanding:** 9777524.6100

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 1.0000          |
|  |  |
| 2025-07-02 | 1.0000          |
|  |  |
| 2025-07-03 | 1.0000          |
|  |  |
| 2025-07-07 | 1.0000          |
|  |  |
| 2025-07-08 | 1.0000          |
|  |  |
| 2025-07-09 | 1.0000          |
|  |  |
| 2025-07-10 | 1.0000          |
|  |  |
| 2025-07-11 | 1.0000          |
|  |  |
| 2025-07-14 | 1.0000          |
|  |  |
| 2025-07-15 | 1.0000          |
|  |  |
| 2025-07-16 | 1.0000          |
|  |  |
| 2025-07-17 | 1.0000          |
|  |  |
| 2025-07-18 | 1.0000          |
|  |  |
| 2025-07-21 | 1.0000          |
|  |  |
| 2025-07-22 | 1.0000          |
|  |  |
| 2025-07-23 | 1.0000          |
|  |  |
| 2025-07-24 | 1.0000          |
|  |  |
| 2025-07-25 | 1.0000          |
|  |  |
| 2025-07-28 | 1.0000          |
|  |  |
| 2025-07-29 | 1.0000          |
|  |  |
| 2025-07-30 | 1.0000          |
|  |  |
| 2025-07-31 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $31657.34                 | $0.00                   |
| 2025-07-02 | $3222.00                  | $1585.19                |
| 2025-07-03 | $422.26                   | $0.00                   |
| 2025-07-07 | $202.00                   | $0.00                   |
| 2025-07-08 | $0.00                     | $4.27                   |
| 2025-07-09 | $4.54                     | $1567.00                |
| 2025-07-10 | $274.63                   | $13.28                  |
| 2025-07-11 | $67.70                    | $1.09                   |
| 2025-07-14 | $25.21                    | $75472.47               |
| 2025-07-15 | $139.10                   | $1.73                   |
| 2025-07-16 | $0.00                     | $1633.52                |
| 2025-07-17 | $274.65                   | $27.64                  |
| 2025-07-18 | $0.00                     | $0.00                   |
| 2025-07-21 | $63.50                    | $26.24                  |
| 2025-07-22 | $139.20                   | $0.00                   |
| 2025-07-23 | $4.20                     | $1809.33                |
| 2025-07-24 | $273.63                   | $0.00                   |
| 2025-07-25 | $391.97                   | $148.63                 |
| 2025-07-28 | $95.16                    | $0.00                   |
| 2025-07-29 | $6.93                     | $1779.31                |
| 2025-07-30 | $414.79                   | $0.02                   |
| 2025-07-31 | $0.00                     | $0.88                   |

**Total Gross Subscriptions (Month):** $37678.81

**Total Gross Redemptions (Month):** $84070.60

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.9900%           |
| 2025-07-02 | 4.0000%           |
| 2025-07-03 | 4.0000%           |
| 2025-07-07 | 3.9700%           |
| 2025-07-08 | 3.9600%           |
| 2025-07-09 | 3.9600%           |
| 2025-07-10 | 3.9500%           |
| 2025-07-11 | 3.9500%           |
| 2025-07-14 | 3.9500%           |
| 2025-07-15 | 3.9500%           |
| 2025-07-16 | 3.9500%           |
| 2025-07-17 | 3.9600%           |
| 2025-07-18 | 3.9500%           |
| 2025-07-21 | 3.9400%           |
| 2025-07-22 | 3.9300%           |
| 2025-07-23 | 3.9200%           |
| 2025-07-24 | 3.9100%           |
| 2025-07-25 | 3.9200%           |
| 2025-07-28 | 3.9400%           |
| 2025-07-29 | 3.9500%           |
| 2025-07-30 | 3.9600%           |
| 2025-07-31 | 3.9700%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Retail investor |  | 92.8900%         | 0.0000%              |

### Class: Class G

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $7591198.52

- **Number of Shares Outstanding:** 7592667.7100

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 1.0000          |
|  |  |
| 2025-07-02 | 1.0000          |
|  |  |
| 2025-07-03 | 1.0000          |
|  |  |
| 2025-07-07 | 1.0000          |
|  |  |
| 2025-07-08 | 1.0000          |
|  |  |
| 2025-07-09 | 1.0000          |
|  |  |
| 2025-07-10 | 1.0000          |
|  |  |
| 2025-07-11 | 1.0000          |
|  |  |
| 2025-07-14 | 1.0000          |
|  |  |
| 2025-07-15 | 1.0000          |
|  |  |
| 2025-07-16 | 1.0000          |
|  |  |
| 2025-07-17 | 1.0000          |
|  |  |
| 2025-07-18 | 1.0000          |
|  |  |
| 2025-07-21 | 1.0000          |
|  |  |
| 2025-07-22 | 1.0000          |
|  |  |
| 2025-07-23 | 1.0000          |
|  |  |
| 2025-07-24 | 1.0000          |
|  |  |
| 2025-07-25 | 1.0000          |
|  |  |
| 2025-07-28 | 1.0000          |
|  |  |
| 2025-07-29 | 1.0000          |
|  |  |
| 2025-07-30 | 1.0000          |
|  |  |
| 2025-07-31 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $1178522.83               | $1313625.45             |
| 2025-07-02 | $1098896.83               | $1255564.37             |
| 2025-07-03 | $702508.31                | $1170721.00             |
| 2025-07-07 | $1270406.26               | $828267.03              |
| 2025-07-08 | $501416.74                | $1654800.52             |
| 2025-07-09 | $1472957.87               | $1051973.01             |
| 2025-07-10 | $1505166.61               | $659663.49              |
| 2025-07-11 | $930657.93                | $1105732.93             |
| 2025-07-14 | $1309583.20               | $1153611.88             |
| 2025-07-15 | $555768.60                | $1667952.85             |
| 2025-07-16 | $1837073.81               | $244397.75              |
| 2025-07-17 | $357570.84                | $1456231.51             |
| 2025-07-18 | $1182236.73               | $1285114.09             |
| 2025-07-21 | $8866804.62               | $1392829.16             |
| 2025-07-22 | $2110794.63               | $7723219.13             |
| 2025-07-23 | $390040.02                | $589540.70              |
| 2025-07-24 | $2672841.24               | $4653996.00             |
| 2025-07-25 | $1158060.65               | $648513.34              |
| 2025-07-28 | $3373338.01               | $0.00                   |
| 2025-07-29 | $723046.43                | $605776.88              |
| 2025-07-30 | $19481.55                 | $4834704.11             |
| 2025-07-31 | $1813849.42               | $224830.03              |

**Total Gross Subscriptions (Month):** $35031023.13

**Total Gross Redemptions (Month):** $35521065.23

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 4.1100%           |
| 2025-07-02 | 4.1200%           |
| 2025-07-03 | 4.1100%           |
| 2025-07-07 | 4.0800%           |
| 2025-07-08 | 4.0800%           |
| 2025-07-09 | 4.0700%           |
| 2025-07-10 | 4.0700%           |
| 2025-07-11 | 4.0600%           |
| 2025-07-14 | 4.0600%           |
| 2025-07-15 | 4.0700%           |
| 2025-07-16 | 4.0700%           |
| 2025-07-17 | 4.0700%           |
| 2025-07-18 | 4.0700%           |
| 2025-07-21 | 4.0600%           |
| 2025-07-22 | 4.0400%           |
| 2025-07-23 | 4.0300%           |
| 2025-07-24 | 4.0300%           |
| 2025-07-25 | 4.0300%           |
| 2025-07-28 | 4.0600%           |
| 2025-07-29 | 4.0700%           |
| 2025-07-30 | 4.0700%           |
| 2025-07-31 | 4.0800%           |

### Class: Class P

- **Minimum Initial Investment:** $500.00

- **Net Assets of Class:** $118873096.33

- **Number of Shares Outstanding:** 118875231.6900

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 1.0000          |
|  |  |
| 2025-07-02 | 1.0000          |
|  |  |
| 2025-07-03 | 1.0000          |
|  |  |
| 2025-07-07 | 1.0000          |
|  |  |
| 2025-07-08 | 1.0000          |
|  |  |
| 2025-07-09 | 1.0000          |
|  |  |
| 2025-07-10 | 1.0000          |
|  |  |
| 2025-07-11 | 1.0000          |
|  |  |
| 2025-07-14 | 1.0000          |
|  |  |
| 2025-07-15 | 1.0000          |
|  |  |
| 2025-07-16 | 1.0000          |
|  |  |
| 2025-07-17 | 1.0000          |
|  |  |
| 2025-07-18 | 1.0000          |
|  |  |
| 2025-07-21 | 1.0000          |
|  |  |
| 2025-07-22 | 1.0000          |
|  |  |
| 2025-07-23 | 1.0000          |
|  |  |
| 2025-07-24 | 1.0000          |
|  |  |
| 2025-07-25 | 1.0000          |
|  |  |
| 2025-07-28 | 1.0000          |
|  |  |
| 2025-07-29 | 1.0000          |
|  |  |
| 2025-07-30 | 1.0000          |
|  |  |
| 2025-07-31 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $72214566.12              | $6287205.58             |
| 2025-07-02 | $28524576.65              | $5206782.55             |
| 2025-07-03 | $2190681.14               | $11111202.85            |
| 2025-07-07 | $9166977.75               | $2849893.99             |
| 2025-07-08 | $5025424.43               | $11073931.34            |
| 2025-07-09 | $3159374.24               | $16299999.59            |
| 2025-07-10 | $17622087.73              | $3820152.27             |
| 2025-07-11 | $3635311.53               | $4171577.16             |
| 2025-07-14 | $1572789.24               | $1133442.13             |
| 2025-07-15 | $7252317.01               | $3930961.97             |
| 2025-07-16 | $1207912.66               | $2193538.16             |
| 2025-07-17 | $5078038.09               | $15304749.04            |
| 2025-07-18 | $7177814.52               | $9045970.54             |
| 2025-07-21 | $15870003.87              | $4098454.80             |
| 2025-07-22 | $2599734.85               | $5751427.13             |
| 2025-07-23 | $3021724.67               | $16269176.66            |
| 2025-07-24 | $3625168.02               | $3037862.19             |
| 2025-07-25 | $5166551.25               | $4158620.40             |
| 2025-07-28 | $5937255.69               | $5793.05                |
| 2025-07-29 | $977255.58                | $54521187.14            |
| 2025-07-30 | $2021942.13               | $19315527.31            |
| 2025-07-31 | $31727921.55              | $3430684.24             |

**Total Gross Subscriptions (Month):** $234775428.72

**Total Gross Redemptions (Month):** $203018140.09

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 4.1100%           |
| 2025-07-02 | 4.1200%           |
| 2025-07-03 | 4.1100%           |
| 2025-07-07 | 4.0800%           |
| 2025-07-08 | 4.0800%           |
| 2025-07-09 | 4.0700%           |
| 2025-07-10 | 4.0700%           |
| 2025-07-11 | 4.0600%           |
| 2025-07-14 | 4.0600%           |
| 2025-07-15 | 4.0700%           |
| 2025-07-16 | 4.0700%           |
| 2025-07-17 | 4.0700%           |
| 2025-07-18 | 4.0700%           |
| 2025-07-21 | 4.0600%           |
| 2025-07-22 | 4.0400%           |
| 2025-07-23 | 4.0300%           |
| 2025-07-24 | 4.0300%           |
| 2025-07-25 | 4.0300%           |
| 2025-07-28 | 4.0600%           |
| 2025-07-29 | 4.0700%           |
| 2025-07-30 | 4.0700%           |
| 2025-07-31 | 4.0800%           |

### 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   |
|:---|:---|
| 2025-07-01 | 1.0000          |
|  |  |
| 2025-07-02 | 1.0000          |
|  |  |
| 2025-07-03 | 1.0000          |
|  |  |
| 2025-07-07 | 1.0000          |
|  |  |
| 2025-07-08 | 1.0000          |
|  |  |
| 2025-07-09 | 1.0000          |
|  |  |
| 2025-07-10 | 1.0000          |
|  |  |
| 2025-07-11 | 1.0000          |
|  |  |
| 2025-07-14 | 1.0000          |
|  |  |
| 2025-07-15 | 1.0000          |
|  |  |
| 2025-07-16 | 1.0000          |
|  |  |
| 2025-07-17 | 1.0000          |
|  |  |
| 2025-07-18 | 1.0000          |
|  |  |
| 2025-07-21 | 1.0000          |
|  |  |
| 2025-07-22 | 1.0000          |
|  |  |
| 2025-07-23 | 1.0000          |
|  |  |
| 2025-07-24 | 1.0000          |
|  |  |
| 2025-07-25 | 1.0000          |
|  |  |
| 2025-07-28 | 1.0000          |
|  |  |
| 2025-07-29 | 1.0000          |
|  |  |
| 2025-07-30 | 1.0000          |
|  |  |
| 2025-07-31 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $0.00                     | $0.00                   |
| 2025-07-02 | $0.00                     | $0.00                   |
| 2025-07-03 | $0.00                     | $0.00                   |
| 2025-07-07 | $0.00                     | $0.00                   |
| 2025-07-08 | $0.00                     | $0.00                   |
| 2025-07-09 | $0.00                     | $0.00                   |
| 2025-07-10 | $0.00                     | $0.00                   |
| 2025-07-11 | $0.00                     | $0.00                   |
| 2025-07-14 | $0.00                     | $0.00                   |
| 2025-07-15 | $0.00                     | $0.00                   |
| 2025-07-16 | $0.00                     | $0.00                   |
| 2025-07-17 | $0.00                     | $0.00                   |
| 2025-07-18 | $0.00                     | $0.00                   |
| 2025-07-21 | $0.00                     | $0.00                   |
| 2025-07-22 | $0.00                     | $0.00                   |
| 2025-07-23 | $0.00                     | $0.00                   |
| 2025-07-24 | $0.00                     | $0.00                   |
| 2025-07-25 | $0.00                     | $0.00                   |
| 2025-07-28 | $0.00                     | $0.00                   |
| 2025-07-29 | $0.00                     | $0.00                   |
| 2025-07-30 | $0.00                     | $0.00                   |
| 2025-07-31 | $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   |
|:---|:---|
| 2025-07-01 | 4.1100%           |
| 2025-07-02 | 4.1200%           |
| 2025-07-03 | 4.1100%           |
| 2025-07-07 | 4.0700%           |
| 2025-07-08 | 4.0600%           |
| 2025-07-09 | 4.0600%           |
| 2025-07-10 | 4.0600%           |
| 2025-07-11 | 4.0700%           |
| 2025-07-14 | 4.0800%           |
| 2025-07-15 | 4.0800%           |
| 2025-07-16 | 4.0900%           |
| 2025-07-17 | 4.0900%           |
| 2025-07-18 | 4.0800%           |
| 2025-07-21 | 4.0700%           |
| 2025-07-22 | 4.0600%           |
| 2025-07-23 | 4.0400%           |
| 2025-07-24 | 4.0400%           |
| 2025-07-25 | 4.0400%           |
| 2025-07-28 | 4.0700%           |
| 2025-07-29 | 4.0700%           |
| 2025-07-30 | 4.0800%           |
| 2025-07-31 | 4.0900%           |

**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):** $3147373.59
- **C.18.a - Value (excl. sponsor support):** $3147373.59
- **C.19 - Percentage of Net Assets:** 1.1200%
- **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: 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: ZS36CXD
- **C.18 - Value (incl. sponsor support):** $11884540.25
- **C.18.a - Value (excl. sponsor support):** $11884540.25
- **C.19 - Percentage of Net Assets:** 4.2100%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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 | 2032-07-15      | 0.6250%  | N/A     | $7219.86           | $7456.23           | U.S. Treasuries (including strips) |
| United States Treasury | 2051-08-15      | 2.0000%  | N/A     | $2570299.23        | $1475650.61        | U.S. Treasuries (including strips) |
| United States Treasury | 2026-07-15      | 0.1250%  | N/A     | $5585.73           | $7437.40           | U.S. Treasuries (including strips) |
| United States Treasury | 2033-02-15      | 3.5000%  | N/A     | $168909.03         | $163966.70         | U.S. Treasuries (including strips) |
| United States Treasury | 2029-10-31      | 4.0000%  | N/A     | $1495699.10        | $1514215.86        | U.S. Treasuries (including strips) |
| United States Treasury | 2030-04-15      | 1.6250%  | N/A     | $1822761.65        | $1863786.08        | U.S. Treasuries (including strips) |
| United States Treasury | 2040-08-15      | 1.1250%  | N/A     | $9794168.47        | $6009024.41        | U.S. Treasuries (including strips) |
| United States Treasury | 2028-07-15      | 0.7500%  | N/A     | $5882.85           | $7451.42           | U.S. Treasuries (including strips) |
| United States Treasury | 2027-08-15      | 2.2500%  | N/A     | $1099617.09        | $1074732.40        | U.S. Treasuries (including strips) |

### Security 3: 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):** $4053050.95
- **C.18.a - Value (excl. sponsor support):** $4053050.95
- **C.19 - Percentage of Net Assets:** 1.4400%
- **C.17 - Yield as of Reporting Date:** 4.4900%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 4: 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):** $3945083.33
- **C.18.a - Value (excl. sponsor support):** $3945083.33
- **C.19 - Percentage of Net Assets:** 1.4000%
- **C.17 - Yield as of Reporting Date:** 4.0500%
- **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 5: 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):** $4051331.72
- **C.18.a - Value (excl. sponsor support):** $4051331.72
- **C.19 - Percentage of Net Assets:** 1.4400%
- **C.17 - Yield as of Reporting Date:** 4.4500%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 6: 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: ZS36CXL
- **C.18 - Value (incl. sponsor support):** $36371744.07
- **C.18.a - Value (excl. sponsor support):** $36371744.07
- **C.19 - Percentage of Net Assets:** 12.8900%
- **C.17 - Yield as of Reporting Date:** 4.3700%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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.      | 2052-08-01      | 4.0000%  | N/A     | $715887.86         | $588649.64         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2046-12-01      | 4.0000%  | N/A     | $1393417.18        | $154723.66         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-02-01      | 5.5000%  | N/A     | $1148953.38        | $285140.68         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2049-05-01      | 4.0000%  | N/A     | $3557009.62        | $893895.28         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-02-01      | 6.5000%  | N/A     | $72824.90          | $75479.57          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-10-01      | 3.5000%  | N/A     | $205836.67         | $53546.36          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2029-01-01      | 3.0000%  | N/A     | $464648.09         | $22138.79          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-07-01      | 3.5000%  | N/A     | $16339.76          | $8387.62           | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2050-05-01      | 3.0000%  | N/A     | $322962.38         | $152112.43         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-08-01      | 5.5000%  | N/A     | $445670.26         | $324067.15         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-07-01      | 6.5000%  | N/A     | $350484.60         | $359721.57         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-07-01      | 5.0000%  | N/A     | $250542.75         | $244827.03         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2029-02-01      | 6.5000%  | N/A     | $1024000.51        | $47388.07          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-05-01      | 6.5000%  | N/A     | $49051.06          | $50884.25          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-10-01      | 5.5000%  | N/A     | $5207591.61        | $5170916.23        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-12-01      | 4.5000%  | N/A     | $7912517.73        | $6845478.06        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-01-01      | 6.5000%  | N/A     | $2945307.58        | $3033358.47        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2050-07-01      | 3.0000%  | N/A     | $797452.65         | $512270.68         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2040-10-01      | 4.0000%  | N/A     | $485186.36         | $34604.50          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-02-01      | 3.5000%  | N/A     | $12517064.00       | $11160669.45       | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-10-01      | 6.5000%  | N/A     | $1051018.23        | $577392.82         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-07-01      | 6.5000%  | N/A     | $2801875.44        | $2909144.53        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2043-04-01      | 3.0000%  | N/A     | $73767.94          | $12090.83          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-02-01      | 6.5000%  | N/A     | $2774830.98        | $2625459.16        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2042-02-01      | 2.0000%  | N/A     | $29711.35          | $19359.32          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-06-01      | 6.5000%  | N/A     | $855162.79         | $888747.31         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-11-01      | 3.0000%  | N/A     | $77913.86          | $48725.79          | Agency Mortgage-Backed Securities |

### 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 no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313313JW9, C.4 - ISIN: US313313JW93, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4049522.99
- **C.18.a - Value (excl. sponsor support):** $4049522.99
- **C.19 - Percentage of Net Assets:** 1.4400%
- **C.17 - Yield as of Reporting Date:** 4.1300%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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

### 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):** $3999967.08
- **C.18.a - Value (excl. sponsor support):** $3999967.08
- **C.19 - Percentage of Net Assets:** 1.4200%
- **C.17 - Yield as of Reporting Date:** 4.4500%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 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):** $2001266.66
- **C.18.a - Value (excl. sponsor support):** $2001266.66
- **C.19 - Percentage of Net Assets:** 0.7100%
- **C.17 - Yield as of Reporting Date:** 4.4600%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 10: 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):** $4003111.36
- **C.18.a - Value (excl. sponsor support):** $4003111.36
- **C.19 - Percentage of Net Assets:** 1.4200%
- **C.17 - Yield as of Reporting Date:** 4.4700%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 11: 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):** $3149916.17
- **C.18.a - Value (excl. sponsor support):** $3149916.17
- **C.19 - Percentage of Net Assets:** 1.1200%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **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? No, C.23 Categorized at Level 3? No

### Security 12: 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: ZS36CXN
- **C.18 - Value (incl. sponsor support):** $148556753.07
- **C.18.a - Value (excl. sponsor support):** $148556753.07
- **C.19 - Percentage of Net Assets:** 52.6300%
- **C.17 - Yield as of Reporting Date:** 4.3700%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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.      | 2051-08-01      | 2.5000%  | N/A     | $29414.24          | $18469.37          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2046-11-01      | 4.0000%  | N/A     | $71307.24          | $18704.02          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-11-01      | 7.0000%  | N/A     | $1704243.07        | $1404633.23        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-04-01      | 5.5000%  | N/A     | $7726044.54        | $6891554.45        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-06-01      | 6.0000%  | N/A     | $3034760.14        | $2580866.70        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-07-01      | 2.5000%  | N/A     | $36842.37          | $27414.75          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2045-09-01      | 3.5000%  | N/A     | $18191979.51       | $2106975.21        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-08-01      | 4.0000%  | N/A     | $1125224.71        | $918410.76         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-03-01      | 5.5000%  | N/A     | $219081.99         | $150915.05         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2030-02-01      | 2.6800%  | N/A     | $4065998.33        | $3601872.47        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-02-01      | 6.0000%  | N/A     | $769884.08         | $746744.34         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2046-04-01      | 2.0000%  | N/A     | $4591007.40        | $2811791.62        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-08-01      | 4.0000%  | N/A     | $7338323.30        | $5630309.65        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-02-01      | 4.5000%  | N/A     | $3883089.31        | $3270078.48        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2043-02-01      | 3.5000%  | N/A     | $9872287.92        | $6594203.91        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2042-06-01      | 3.0000%  | N/A     | $27037.33          | $19144.77          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-02-01      | 2.0000%  | N/A     | $21822335.75       | $12178648.48       | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2052-09-01      | 5.0000%  | N/A     | $31263115.03       | $24524260.86       | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-12-01      | 5.0000%  | N/A     | $8143180.02        | $6765496.46        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-12-01      | 5.0000%  | N/A     | $719030.13         | $696647.51         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-01-01      | 2.0000%  | N/A     | $475884.33         | $246818.19         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-04-01      | 4.5000%  | N/A     | $11349735.93       | $955787.13         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-02-01      | 6.0000%  | N/A     | $1028104.84        | $936866.15         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2045-05-01      | 3.5000%  | N/A     | $7362591.53        | $1222527.71        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2042-01-01      | 3.5000%  | N/A     | $58501982.13       | $4146006.25        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2035-03-01      | 2.5000%  | N/A     | $1324234.90        | $451226.77         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-01-01      | 6.0000%  | N/A     | $2405991.90        | $1357506.39        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2055-01-01      | 5.5000%  | N/A     | $16758152.51       | $16483981.55       | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2031-06-01      | 3.8900%  | N/A     | $594227.01         | $577667.49         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-03-01      | 5.0000%  | N/A     | $13882379.00       | $3498958.26        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-10-01      | 2.9600%  | N/A     | $880198.76         | $627906.15         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-12-01      | 2.5000%  | N/A     | $103692.32         | $71240.71          | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2032-10-01      | 2.3000%  | N/A     | $1519587.03        | $1306330.72        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-05-01      | 6.0000%  | N/A     | $3396145.24        | $2424234.61        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-05-01      | 5.0000%  | N/A     | $547652.09         | $462453.24         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-03-01      | 5.5000%  | N/A     | $180940.05         | $160329.66         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2045-10-01      | 3.5000%  | N/A     | $8658106.24        | $1783166.40        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2051-07-01      | 3.0000%  | N/A     | $197580.48         | $111817.64         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-04-01      | 2.5000%  | N/A     | $2623854.53        | $1632273.91        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2053-11-01      | 6.5000%  | N/A     | $1614949.77        | $1329212.04        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-11-01      | 6.5000%  | N/A     | $1422802.90        | $1081740.23        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2049-02-01      | 3.0000%  | N/A     | $3060088.47        | $2693573.15        | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2054-08-01      | 6.0000%  | N/A     | $6409950.55        | $5846118.46        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-03-01      | 5.5000%  | N/A     | $88583.80          | $71621.86          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-01-01      | 6.5000%  | N/A     | $23332.03          | $15562.98          | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2044-09-01      | 4.0000%  | N/A     | $17675333.58       | $1837073.72        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2053-08-01      | 6.5000%  | N/A     | $1230911.54        | $953748.79         | Agency Mortgage-Backed Securities |
| Federal Home Loan Mortgage Corp.      | 2052-08-01      | 3.5000%  | N/A     | $325933.52         | $222428.43         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2043-04-01      | 3.5000%  | N/A     | $11695965.87       | $2349330.65        | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2054-09-01      | 6.5000%  | N/A     | $352914.99         | $358944.85         | Agency Mortgage-Backed Securities |
| Federal National Mortgage Association | 2055-01-01      | 6.0000%  | N/A     | $15731784.60       | $15372685.81       | Agency Mortgage-Backed Securities |

### 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):** $3949989.02
- **C.18.a - Value (excl. sponsor support):** $3949989.02
- **C.19 - Percentage of Net Assets:** 1.4000%
- **C.17 - Yield as of Reporting Date:** 4.4400%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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: 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):** $3088170.19
- **C.18.a - Value (excl. sponsor support):** $3088170.19
- **C.19 - Percentage of Net Assets:** 1.1000%
- **C.17 - Yield as of Reporting Date:** 4.0600%
- **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 15: 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):** $4051270.44
- **C.18.a - Value (excl. sponsor support):** $4051270.44
- **C.19 - Percentage of Net Assets:** 1.4400%
- **C.17 - Yield as of Reporting Date:** 4.4700%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 16: 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):** $4050887.36
- **C.18.a - Value (excl. sponsor support):** $4050887.36
- **C.19 - Percentage of Net Assets:** 1.4400%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 17: 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):** $4051218.52
- **C.18.a - Value (excl. sponsor support):** $4051218.52
- **C.19 - Percentage of Net Assets:** 1.4400%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 18: 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: ZS36CXR
- **C.18 - Value (incl. sponsor support):** $25727618.76
- **C.18.a - Value (excl. sponsor support):** $25727618.76
- **C.19 - Percentage of Net Assets:** 9.1200%
- **C.17 - Yield as of Reporting Date:** 4.3700%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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                           |
|:---|:---|:---|:---|:---|:---|:---|
| Government National Mortgage Association | 2053-05-20      | 7.5000%  | N/A     | $325642.94         | $128220.47         | Agency Mortgage-Backed Securities  |
| Federal Home Loan Mortgage Corp.         | 2040-03-01      | 2.7700%  | N/A     | $5385645.80        | $4124641.71        | Agency Mortgage-Backed Securities  |
| Federal Home Loan Mortgage Corp.         | 2055-07-01      | 5.0460%  | N/A     | $391955.41         | $394357.70         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2053-07-20      | 6.0000%  | N/A     | $1015352.13        | $935386.30         | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2049-02-01      | 5.0000%  | N/A     | $306918.25         | $67647.47          | Agency Mortgage-Backed Securities  |
| Federal Home Loan Mortgage Corp.         | 2053-03-01      | 4.7050%  | N/A     | $980826.65         | $812198.56         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2054-03-20      | 5.0000%  | N/A     | $121346.21         | $116726.17         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2041-12-15      | 4.0000%  | N/A     | $17490654.67       | $969782.38         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2051-10-20      | 3.0000%  | N/A     | $247864.86         | $146408.87         | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2053-09-01      | 6.0000%  | N/A     | $462756.07         | $425062.89         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2054-09-20      | 7.5000%  | N/A     | $1631816.31        | $1742325.76        | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2055-07-01      | 4.5000%  | N/A     | $149150.98         | $141381.19         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2051-11-20      | 2.0000%  | N/A     | $151764.69         | $85525.77          | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2055-01-20      | 5.5000%  | N/A     | $8336.11           | $8223.73           | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2050-09-01      | 2.0000%  | N/A     | $187222.81         | $113379.67         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2055-05-20      | 5.5000%  | N/A     | $63948.04          | $63966.00          | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2030-08-01      | 3.6100%  | N/A     | $84677.35          | $82011.48          | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2049-06-01      | 4.0000%  | N/A     | $49320.84          | $14650.36          | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2053-03-01      | 4.0000%  | N/A     | $222877.91         | $181463.13         | Agency Mortgage-Backed Securities  |
| Federal Home Loan Mortgage Corp.         | 2052-01-01      | 3.0000%  | N/A     | $3982043.27        | $2558384.96        | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2047-07-01      | 4.5000%  | N/A     | $48132.39          | $9210.28           | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2050-12-01      | 2.0000%  | N/A     | $18718.15          | $9693.79           | Agency Mortgage-Backed Securities  |
| United States Treasury                   | 2026-04-15      | 0.1250%  | N/A     | $2005456.74        | $2436523.09        | U.S. Treasuries (including strips) |
| Federal Home Loan Mortgage Corp.         | 2055-08-01      | 6.0000%  | N/A     | $854793.18         | $871402.67         | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2051-01-01      | 6.5260%  | N/A     | $3034517.39        | $2963452.93        | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2054-03-20      | 5.5000%  | N/A     | $384922.43         | $318891.34         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2053-12-20      | 7.5000%  | N/A     | $437601.25         | $468833.20         | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2053-01-01      | 5.0000%  | N/A     | $673977.03         | $548189.68         | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2053-06-20      | 6.0000%  | N/A     | $4974626.40        | $3340139.10        | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2052-06-01      | 5.0000%  | N/A     | $72082.71          | $55366.45          | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2054-11-20      | 5.5000%  | N/A     | $26729.22          | $26114.59          | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2053-09-15      | 6.5000%  | N/A     | $470823.29         | $477180.28         | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2052-10-01      | 5.0000%  | N/A     | $119775.96         | $90256.42          | Agency Mortgage-Backed Securities  |
| Government National Mortgage Association | 2054-03-20      | 5.5000%  | N/A     | $446937.75         | $443056.25         | Agency Mortgage-Backed Securities  |
| Federal Home Loan Mortgage Corp.         | 2053-06-01      | 5.0000%  | N/A     | $600713.59         | $594999.41         | Agency Mortgage-Backed Securities  |
| Federal National Mortgage Association    | 2053-08-01      | 5.5000%  | N/A     | $491169.63         | $480334.69         | Agency Mortgage-Backed Securities  |

### Security 19: 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):** $3253096.01
- **C.18.a - Value (excl. sponsor support):** $3253096.01
- **C.19 - Percentage of Net Assets:** 1.1500%
- **C.17 - Yield as of Reporting Date:** 4.0800%
- **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 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: 3133ERZL8, C.4 - ISIN: US3133ERZL86, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $2050242.19
- **C.18.a - Value (excl. sponsor support):** $2050242.19
- **C.19 - Percentage of Net Assets:** 0.7300%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 21: 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):** $3599957.48
- **C.18.a - Value (excl. sponsor support):** $3599957.48
- **C.19 - Percentage of Net Assets:** 1.2800%
- **C.17 - Yield as of Reporting Date:** 4.4400%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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

## N-MFP: Signatures

**Registrant:** Putnam Investment Funds

**Date:** 2025-08-06

**By:** /s/Jeff White

**Name of Signing Officer:** Jeff White

**Title of Signing Officer:** Vice President