# EDGAR Filing Document

**Accession Number:** 0001947660
**File Stem:** 0001193125-25-231045
**Filing Date:** 2025-10
**Character Count:** 30139
**Document Hash:** 2a64dff5b1bf68b3be847a2e1033c71d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-231045.hdr.sgml**: 20251006

**ACCESSION NUMBER**: 0001193125-25-231045

**CONFORMED SUBMISSION TYPE**: N-MFP3

**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:** Popular U.S. Government Money Market Fund, LLC
- **CENTRAL INDEX KEY:** 0001947660

**ORGANIZATION NAME:**
- **EIN:** 661020075
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23868
- **FILM NUMBER:** 251375790

**BUSINESS ADDRESS:**
- **STREET 1:** POPULAR CENTER, NORTH BUILDING 2ND LEVEL
- **STREET 2:** 209 MUNOZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 787-754-4488

**MAIL ADDRESS:**
- **STREET 1:** POPULAR CENTER, NORTH BUILDING 2ND LEVEL
- **STREET 2:** 209 MUNOZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

## Series and Classes Contracts Data

### Popular U.S. Government Money Market Fund, LLC (Series ID: S000080765)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000243299 | Class A Withholding Shares                   | MMYXX           |
| C000243300 | Class I Institutional Withholding Shares     | MMFXX           |
| C000248258 | Class A Non-Withholding Shares               | MMTXX           |
| C000248259 | Class I Institutional Non-Withholding Shares | MMGXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0001947660

### General Information

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

**Registrant Full Name:** Popular U.S. Government Money Market Fund, LLC

**CIK Number of Registrant:** 0001947660

**LEI of Registrant:** 254900LABPXNR5C4GB73

**Name of Series:** Popular U.S. Government Money Market Fund, LLC

**LEI of Series:** 254900LABPXNR5C4GB73

**EDGAR Series Identifier:** S000080765

**Total number of share classes in the series:** 4

**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            | Popular Asset Management LLC                     | 801-120872        |
| Independent Public Accountant | Ernst & Young LLP<br>City: San Juan<br>State: PR |  |
| Administrator                 | Apex Fund Services                               |  |
| Transfer Agent                | Apex Fund Services<br>CIK: 0001419200            | 084-06277         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 333-271265

- **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:** 3 days

- **WAL:** 3 days

- **Total Value of Portfolio Securities:** $1184789798.14

- **Amortized Cost of Portfolio Securities:** $1184789798.14

- **Cash:** $157694.64

- **Total Other Assets:** $64709.88

- **Total Liabilities:** $4105301.19

- **Net Assets of Series:** $1180906901.47

- **Number of Shares Outstanding (Series):** 1180906901.4700

- **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 | $359000000.00             | $1185585210.78             | 30.2700%                  | 99.9700%                   |
| 2025-09-03 | $520000000.00             | $1210875513.01             | 42.9400%                  | 99.9800%                   |
| 2025-09-04 | $365200000.00             | $1203311799.16             | 30.3400%                  | 99.9800%                   |
| 2025-09-05 | $363000000.00             | $1229835711.62             | 29.5200%                  | 100.0100%                  |
| 2025-09-08 | $364900000.00             | $1226413995.47             | 29.7500%                  | 99.9800%                   |
| 2025-09-09 | $356200000.00             | $1215276324.03             | 29.3100%                  | 99.9900%                   |
| 2025-09-10 | $478800000.00             | $1312510841.21             | 36.4700%                  | 99.9800%                   |
| 2025-09-11 | $452500000.00             | $1208448080.07             | 37.4400%                  | 99.9800%                   |
| 2025-09-12 | $437200000.00             | $1216117110.17             | 35.9500%                  | 99.9900%                   |
| 2025-09-15 | $363400000.00             | $1220711794.46             | 29.7700%                  | 99.9900%                   |
| 2025-09-16 | $434800000.00             | $1227553698.47             | 35.4100%                  | 99.9900%                   |
| 2025-09-17 | $469500000.00             | $1220702861.48             | 38.4500%                  | 99.9800%                   |
| 2025-09-18 | $436200000.00             | $1222041891.72             | 35.6900%                  | 99.9900%                   |
| 2025-09-19 | $369400000.00             | $1227438120.08             | 30.0900%                  | 100.0000%                  |
| 2025-09-22 | $376900000.00             | $1218195486.20             | 30.9300%                  | 99.9800%                   |
| 2025-09-23 | $375087000.00             | $1222467293.61             | 30.6800%                  | 99.9800%                   |
| 2025-09-24 | $345000000.00             | $1237725280.03             | 27.8700%                  | 99.9900%                   |
| 2025-09-25 | $371400000.00             | $1233602585.99             | 30.1000%                  | 99.9800%                   |
| 2025-09-26 | $359200000.00             | $1195293409.03             | 30.0500%                  | 100.0000%                  |
| 2025-09-29 | $477500000.00             | $1187428355.32             | 40.2100%                  | 99.9800%                   |
| 2025-09-30 | $360000000.00             | $1184789798.14             | 30.3800%                  | 99.9800%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-09-02 | 4.2900%             |
| 2025-09-03 | 4.2800%             |
| 2025-09-04 | 4.2700%             |
| 2025-09-05 | 4.2700%             |
| 2025-09-08 | 4.2700%             |
| 2025-09-09 | 4.2600%             |
| 2025-09-10 | 4.2600%             |
| 2025-09-11 | 4.2600%             |
| 2025-09-12 | 4.2700%             |
| 2025-09-15 | 4.2700%             |
| 2025-09-16 | 4.2700%             |
| 2025-09-17 | 4.2600%             |
| 2025-09-18 | 4.2200%             |
| 2025-09-19 | 4.1900%             |
| 2025-09-22 | 4.0900%             |
| 2025-09-23 | 4.0600%             |
| 2025-09-24 | 4.0400%             |
| 2025-09-25 | 4.0500%             |
| 2025-09-26 | 4.0500%             |
| 2025-09-29 | 4.0700%             |
| 2025-09-30 | 4.0700%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-09-02 | 0.9999                      |
|  |  |
| 2025-09-03 | 0.9999                      |
|  |  |
| 2025-09-04 | 0.9999                      |
|  |  |
| 2025-09-05 | 0.9998                      |
|  |  |
| 2025-09-08 | 0.9999                      |
|  |  |
| 2025-09-09 | 0.9999                      |
|  |  |
| 2025-09-10 | 0.9999                      |
|  |  |
| 2025-09-11 | 0.9999                      |
|  |  |
| 2025-09-12 | 0.9998                      |
|  |  |
| 2025-09-15 | 0.9999                      |
|  |  |
| 2025-09-16 | 0.9999                      |
|  |  |
| 2025-09-17 | 0.9999                      |
|  |  |
| 2025-09-18 | 0.9999                      |
|  |  |
| 2025-09-19 | 0.9997                      |
|  |  |
| 2025-09-22 | 0.9999                      |
|  |  |
| 2025-09-23 | 0.9999                      |
|  |  |
| 2025-09-24 | 0.9999                      |
|  |  |
| 2025-09-25 | 0.9999                      |
|  |  |
| 2025-09-26 | 0.9998                      |
|  |  |
| 2025-09-29 | 1.0000                      |
|  |  |
| 2025-09-30 | 1.0000                      |
|  |  |

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

### Class: Class A Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $528293734.30

- **Number of Shares Outstanding:** 528293734.3000

- **Expense Reimbursement/Waiver:** 11149.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 0.9999          |
|  |  |
| 2025-09-03 | 0.9999          |
|  |  |
| 2025-09-04 | 0.9999          |
|  |  |
| 2025-09-05 | 0.9998          |
|  |  |
| 2025-09-08 | 0.9999          |
|  |  |
| 2025-09-09 | 0.9999          |
|  |  |
| 2025-09-10 | 0.9999          |
|  |  |
| 2025-09-11 | 0.9999          |
|  |  |
| 2025-09-12 | 0.9998          |
|  |  |
| 2025-09-15 | 0.9999          |
|  |  |
| 2025-09-16 | 0.9999          |
|  |  |
| 2025-09-17 | 0.9999          |
|  |  |
| 2025-09-18 | 0.9999          |
|  |  |
| 2025-09-19 | 0.9997          |
|  |  |
| 2025-09-22 | 0.9999          |
|  |  |
| 2025-09-23 | 0.9999          |
|  |  |
| 2025-09-24 | 0.9999          |
|  |  |
| 2025-09-25 | 0.9999          |
|  |  |
| 2025-09-26 | 0.9998          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $3597124.61               | $11639064.37            |
| 2025-09-03 | $16477265.66              | $4098793.40             |
| 2025-09-04 | $1946910.78               | $6210457.07             |
| 2025-09-05 | $21175593.44              | $4370595.07             |
| 2025-09-08 | $8921304.61               | $11486689.76            |
| 2025-09-09 | $4902464.21               | $9422766.41             |
| 2025-09-10 | $1144864.11               | $8826689.85             |
| 2025-09-11 | $4873133.40               | $2975760.80             |
| 2025-09-12 | $13570677.54              | $9157956.58             |
| 2025-09-15 | $4535613.13               | $6952458.81             |
| 2025-09-16 | $12155153.91              | $6328912.22             |
| 2025-09-17 | $2189803.64               | $7215578.93             |
| 2025-09-18 | $2417594.83               | $2484181.10             |
| 2025-09-19 | $16299460.18              | $3950086.42             |
| 2025-09-22 | $2830203.06               | $10582625.35            |
| 2025-09-23 | $5239154.36               | $5441684.96             |
| 2025-09-24 | $7281327.47               | $5244756.05             |
| 2025-09-25 | $7262870.10               | $6415104.90             |
| 2025-09-26 | $10224051.20              | $2994961.44             |
| 2025-09-29 | $2594294.72               | $5192971.99             |
| 2025-09-30 | $743356.10                | $891623.46              |

**Total Gross Subscriptions (Month):** $150382221.06

**Total Gross Redemptions (Month):** $131883718.94

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.7600%           |
| 2025-09-03 | 3.7500%           |
| 2025-09-04 | 3.7500%           |
| 2025-09-05 | 3.7400%           |
| 2025-09-08 | 3.7400%           |
| 2025-09-09 | 3.7400%           |
| 2025-09-10 | 3.7400%           |
| 2025-09-11 | 3.7400%           |
| 2025-09-12 | 3.7400%           |
| 2025-09-15 | 3.7400%           |
| 2025-09-16 | 3.7400%           |
| 2025-09-17 | 3.7300%           |
| 2025-09-18 | 3.7000%           |
| 2025-09-19 | 3.5900%           |
| 2025-09-22 | 3.5600%           |
| 2025-09-23 | 3.5300%           |
| 2025-09-24 | 3.5100%           |
| 2025-09-25 | 3.5100%           |
| 2025-09-26 | 3.5300%           |
| 2025-09-29 | 3.5400%           |
| 2025-09-30 | 3.5400%           |

### Class: Class I Institutional Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $8148752.37

- **Number of Shares Outstanding:** 8148752.3700

- **Expense Reimbursement/Waiver:** 108.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 0.9999          |
|  |  |
| 2025-09-03 | 0.9999          |
|  |  |
| 2025-09-04 | 0.9999          |
|  |  |
| 2025-09-05 | 0.9998          |
|  |  |
| 2025-09-08 | 0.9999          |
|  |  |
| 2025-09-09 | 0.9999          |
|  |  |
| 2025-09-10 | 0.9999          |
|  |  |
| 2025-09-11 | 0.9999          |
|  |  |
| 2025-09-12 | 0.9998          |
|  |  |
| 2025-09-15 | 0.9999          |
|  |  |
| 2025-09-16 | 0.9999          |
|  |  |
| 2025-09-17 | 0.9999          |
|  |  |
| 2025-09-18 | 0.9999          |
|  |  |
| 2025-09-19 | 0.9997          |
|  |  |
| 2025-09-22 | 0.9999          |
|  |  |
| 2025-09-23 | 0.9999          |
|  |  |
| 2025-09-24 | 0.9999          |
|  |  |
| 2025-09-25 | 0.9999          |
|  |  |
| 2025-09-26 | 0.9998          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $100496.10                | $89305.20               |
| 2025-09-03 | $90050.93                 | $477283.56              |
| 2025-09-04 | $11955.54                 | $52060.44               |
| 2025-09-05 | $46851.70                 | $58571.45               |
| 2025-09-08 | $59646.63                 | $80849.37               |
| 2025-09-09 | $2671.52                  | $61043.75               |
| 2025-09-10 | $557.32                   | $40170.18               |
| 2025-09-11 | $237702.07                | $0.00                   |
| 2025-09-12 | $701.67                   | $285416.74              |
| 2025-09-15 | $1362.00                  | $330884.00              |
| 2025-09-16 | $105183.03                | $83281.70               |
| 2025-09-17 | $2054.26                  | $58552.16               |
| 2025-09-18 | $68.48                    | $0.00                   |
| 2025-09-19 | $11.50                    | $62598.10               |
| 2025-09-22 | $35064.47                 | $21215.81               |
| 2025-09-23 | $97980.85                 | $0.00                   |
| 2025-09-24 | $1746150.17               | $0.00                   |
| 2025-09-25 | $2393310.58               | $40465.25               |
| 2025-09-26 | $179317.01                | $892570.38              |
| 2025-09-29 | $943766.22                | $258773.42              |
| 2025-09-30 | $2301.53                  | $319050.78              |

**Total Gross Subscriptions (Month):** $6057203.58

**Total Gross Redemptions (Month):** $3212092.29

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.5700%           |
| 2025-09-03 | 3.5600%           |
| 2025-09-04 | 3.5600%           |
| 2025-09-05 | 3.5500%           |
| 2025-09-08 | 3.5500%           |
| 2025-09-09 | 3.5500%           |
| 2025-09-10 | 3.5400%           |
| 2025-09-11 | 3.5500%           |
| 2025-09-12 | 3.5500%           |
| 2025-09-15 | 3.5500%           |
| 2025-09-16 | 3.5500%           |
| 2025-09-17 | 3.5400%           |
| 2025-09-18 | 3.5100%           |
| 2025-09-19 | 3.4000%           |
| 2025-09-22 | 3.3600%           |
| 2025-09-23 | 3.3400%           |
| 2025-09-24 | 3.3200%           |
| 2025-09-25 | 3.3200%           |
| 2025-09-26 | 3.3400%           |
| 2025-09-29 | 3.3400%           |
| 2025-09-30 | 3.3500%           |

### Class: Class A Non-Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $630428751.75

- **Number of Shares Outstanding:** 630428751.7500

- **Expense Reimbursement/Waiver:** 14263.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 0.9999          |
|  |  |
| 2025-09-03 | 0.9999          |
|  |  |
| 2025-09-04 | 0.9999          |
|  |  |
| 2025-09-05 | 0.9998          |
|  |  |
| 2025-09-08 | 0.9999          |
|  |  |
| 2025-09-09 | 0.9999          |
|  |  |
| 2025-09-10 | 0.9999          |
|  |  |
| 2025-09-11 | 0.9999          |
|  |  |
| 2025-09-12 | 0.9998          |
|  |  |
| 2025-09-15 | 0.9999          |
|  |  |
| 2025-09-16 | 0.9999          |
|  |  |
| 2025-09-17 | 0.9999          |
|  |  |
| 2025-09-18 | 0.9999          |
|  |  |
| 2025-09-19 | 0.9997          |
|  |  |
| 2025-09-22 | 0.9999          |
|  |  |
| 2025-09-23 | 0.9999          |
|  |  |
| 2025-09-24 | 0.9999          |
|  |  |
| 2025-09-25 | 0.9999          |
|  |  |
| 2025-09-26 | 0.9998          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $7797032.06               | $12528740.39            |
| 2025-09-03 | $16734644.04              | $4846053.80             |
| 2025-09-04 | $1279480.29               | $4852248.05             |
| 2025-09-05 | $15981620.69              | $6712726.33             |
| 2025-09-08 | $10022077.47              | $10449172.97            |
| 2025-09-09 | $879469.63                | $7816083.44             |
| 2025-09-10 | $13827012.75              | $7601208.14             |
| 2025-09-11 | $2784887.19               | $8548056.44             |
| 2025-09-12 | $4761250.24               | $1618540.49             |
| 2025-09-15 | $8942784.68               | $1938145.37             |
| 2025-09-16 | $8534445.32               | $7878796.50             |
| 2025-09-17 | $5635664.16               | $7497748.34             |
| 2025-09-18 | $4346376.35               | $3265086.19             |
| 2025-09-19 | $7536399.92               | $17647778.81            |
| 2025-09-22 | $2897819.30               | $1688865.45             |
| 2025-09-23 | $6038516.87               | $1694242.27             |
| 2025-09-24 | $14875270.74              | $3648446.94             |
| 2025-09-25 | $1983390.60               | $9596798.17             |
| 2025-09-26 | $19491570.18              | $64170484.04            |
| 2025-09-29 | $3026351.54               | $9187677.80             |
| 2025-09-30 | $2374098.34               | $4692856.71             |

**Total Gross Subscriptions (Month):** $159750162.36

**Total Gross Redemptions (Month):** $197879756.64

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.7600%           |
| 2025-09-03 | 3.7600%           |
| 2025-09-04 | 3.7500%           |
| 2025-09-05 | 3.7400%           |
| 2025-09-08 | 3.7400%           |
| 2025-09-09 | 3.7400%           |
| 2025-09-10 | 3.7400%           |
| 2025-09-11 | 3.7400%           |
| 2025-09-12 | 3.7500%           |
| 2025-09-15 | 3.7500%           |
| 2025-09-16 | 3.7400%           |
| 2025-09-17 | 3.7300%           |
| 2025-09-18 | 3.7000%           |
| 2025-09-19 | 3.5900%           |
| 2025-09-22 | 3.5600%           |
| 2025-09-23 | 3.5300%           |
| 2025-09-24 | 3.5100%           |
| 2025-09-25 | 3.5200%           |
| 2025-09-26 | 3.5400%           |
| 2025-09-29 | 3.5400%           |
| 2025-09-30 | 3.5400%           |

### Class: Class I Institutional Non-Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $14035663.05

- **Number of Shares Outstanding:** 14035663.0500

- **Expense Reimbursement/Waiver:** 766.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 0.9999          |
|  |  |
| 2025-09-03 | 0.9999          |
|  |  |
| 2025-09-04 | 0.9999          |
|  |  |
| 2025-09-05 | 0.9998          |
|  |  |
| 2025-09-08 | 0.9999          |
|  |  |
| 2025-09-09 | 0.9999          |
|  |  |
| 2025-09-10 | 0.9999          |
|  |  |
| 2025-09-11 | 0.9999          |
|  |  |
| 2025-09-12 | 0.9998          |
|  |  |
| 2025-09-15 | 0.9999          |
|  |  |
| 2025-09-16 | 0.9999          |
|  |  |
| 2025-09-17 | 0.9999          |
|  |  |
| 2025-09-18 | 0.9999          |
|  |  |
| 2025-09-19 | 0.9997          |
|  |  |
| 2025-09-22 | 0.9999          |
|  |  |
| 2025-09-23 | 0.9999          |
|  |  |
| 2025-09-24 | 0.9999          |
|  |  |
| 2025-09-25 | 0.9999          |
|  |  |
| 2025-09-26 | 0.9998          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $72833.80                 | $63528.88               |
| 2025-09-03 | $1354424.04               | $100981.08              |
| 2025-09-04 | $236048.66                | $3252.81                |
| 2025-09-05 | $188204.74                | $183502.15              |
| 2025-09-08 | $17871.54                 | $42505.22               |
| 2025-09-09 | $201008.53                | $15782.18               |
| 2025-09-10 | $8161.42                  | $1300939.27             |
| 2025-09-11 | $140129.28                | $705673.64              |
| 2025-09-12 | $35751.40                 | $5575.76                |
| 2025-09-15 | $11466.59                 | $7111.06                |
| 2025-09-16 | $281157.38                | $59389.13               |
| 2025-09-17 | $61481.76                 | $54222.32               |
| 2025-09-18 | $178856.24                | $14933.02               |
| 2025-09-19 | $3255481.35               | $291577.59              |
| 2025-09-22 | $120733.82                | $2986111.93             |
| 2025-09-23 | $98337.90                 | $252050.89              |
| 2025-09-24 | $37737.82                 | $4469.63                |
| 2025-09-25 | $278526.95                | $60822.70               |
| 2025-09-26 | $11886.18                 | $511960.99              |
| 2025-09-29 | $169086.33                | $106769.66              |
| 2025-09-30 | $10214.13                 | $7339.01                |

**Total Gross Subscriptions (Month):** $6769399.86

**Total Gross Redemptions (Month):** $6778498.92

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 3.7600%           |
| 2025-09-03 | 3.7500%           |
| 2025-09-04 | 3.7500%           |
| 2025-09-05 | 3.7400%           |
| 2025-09-08 | 3.7400%           |
| 2025-09-09 | 3.7400%           |
| 2025-09-10 | 3.7300%           |
| 2025-09-11 | 3.7400%           |
| 2025-09-12 | 3.7400%           |
| 2025-09-15 | 3.7400%           |
| 2025-09-16 | 3.7400%           |
| 2025-09-17 | 3.7300%           |
| 2025-09-18 | 3.7000%           |
| 2025-09-19 | 3.5900%           |
| 2025-09-22 | 3.5500%           |
| 2025-09-23 | 3.5300%           |
| 2025-09-24 | 3.5100%           |
| 2025-09-25 | 3.5100%           |
| 2025-09-26 | 3.5300%           |
| 2025-09-29 | 3.5300%           |
| 2025-09-30 | 3.5400%           |

## Part C: Schedule of Portfolio Securities

### Security 1: FHLB DISCOUNT NOTE

- **C.1 - Title:** FHLB DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385MK9, C.4 - ISIN: US313385MK95, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $140000000.00
- **C.18.a - Value (excl. sponsor support):** $140000000.00
- **C.19 - Percentage of Net Assets:** 11.8600%
- **C.17 - Yield as of Reporting Date:** 4.0100%
- **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? No, C.23 Categorized at Level 3? No

### Security 2: FNMA DISCOUNT NOTE

- **C.1 - Title:** FNMA DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589MK6, C.4 - ISIN: US313589MK65, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $120000000.00
- **C.18.a - Value (excl. sponsor support):** $120000000.00
- **C.19 - Percentage of Net Assets:** 10.1600%
- **C.17 - Yield as of Reporting Date:** 4.0000%
- **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? No, C.23 Categorized at Level 3? No

### Security 3: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797MS3, C.4 - ISIN: US912797MS31, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $526841584.55
- **C.18.a - Value (excl. sponsor support):** $526841584.55
- **C.19 - Percentage of Net Assets:** 44.6100%
- **C.17 - Yield as of Reporting Date:** 3.9900%
- **C.11 - Maturity Date (WAM):** 2025-10-02
- **C.12 - Maturity Date (WAL):** 2025-10-02
- **C.13 - Final Legal Maturity Date:** 2025-10-02
- **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 4: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QE0, C.4 - ISIN: US912797QE09, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $56849360.27
- **C.18.a - Value (excl. sponsor support):** $56849360.27
- **C.19 - Percentage of Net Assets:** 4.8100%
- **C.17 - Yield as of Reporting Date:** 4.0100%
- **C.11 - Maturity Date (WAM):** 2025-10-09
- **C.12 - Maturity Date (WAL):** 2025-10-09
- **C.13 - Final Legal Maturity Date:** 2025-10-09
- **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 5: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RB5, C.4 - ISIN: US912797RB50, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $241098853.32
- **C.18.a - Value (excl. sponsor support):** $241098853.32
- **C.19 - Percentage of Net Assets:** 20.4200%
- **C.17 - Yield as of Reporting Date:** 4.0100%
- **C.11 - Maturity Date (WAM):** 2025-10-07
- **C.12 - Maturity Date (WAL):** 2025-10-07
- **C.13 - Final Legal Maturity Date:** 2025-10-07
- **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 6: FIXED INCOME CLEARING CORPORATION (REPO BNY)

- **C.1 - Title:** FIXED INCOME CLEARING CORPORATION (REPO BNY) 4.150000%
- **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: N/A
- **C.18 - Value (incl. sponsor support):** $100000000.00
- **C.18.a - Value (excl. sponsor support):** $100000000.00
- **C.19 - Percentage of Net Assets:** 8.4700%
- **C.17 - Yield as of Reporting Date:** 4.1500%
- **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? No, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** Yes

- **Name of CCP:** FIXED INCOME CLEARING CORPORATION

- **Is Tri-party?:** Yes

**Collateral:**
| Issuer Name                                  | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2026-01-15      | 0.0000%  | 0.0000% | $1000.00           | $1357.50           | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2028-08-31      | 0.0000%  | 0.0000% | $26018100.00       | $24254861.69       | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2027-04-30      | 0.0000%  | 0.0000% | $1000.00           | $997.65            | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2028-02-29      | 0.0000%  | 0.0000% | $76817000.00       | $77754545.11       | U.S. Treasuries (including strips) |

## N-MFP: Signatures

**Registrant:** Popular U.S. Government Money Market Fund, LLC

**Date:** 2025-10-06

**By:** /s/James Gallo

**Name of Signing Officer:** James Gallo

**Title of Signing Officer:** Treasurer