# EDGAR Filing Document

**Accession Number:** 0000809981
**File Stem:** 0001752724-25-202096
**Filing Date:** 2025-8
**Character Count:** 87813
**Document Hash:** 71d71e31b1dd4ff1642071be22ec029b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202096.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202096

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT U S GOVERNMENT SECURITIES FUND INC
- **CENTRAL INDEX KEY:** 0000809981

**ORGANIZATION NAME:**
- **EIN:** 411570831
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04995
- **FILM NUMBER:** 251250185

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR 80 S 8TH ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 6123323223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CENTER, 80 SOUTH EIGHTH  ST
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-4130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING U S GOVERNMENT SECURITIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW BEGINNING U S GOVERNMENT SECURITIES FUND INC
- **DATE OF NAME CHANGE:** 19870601

## Series and Classes Contracts Data

### SIT U S GOVERNMENT SECURITIES FUND INC (Series ID: S000011654)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000032004 | Sit U.S. Government Securities Fund - Class S | SNGVX           |
| C000217198 | Sit U.S. Government Securities Fund - Class Y | SNGYX           |

## Nport-Ex

**SCHEDULE OF INVESTMENTS (Unaudited)** 

June 30, 2025

**Sit U.S. Government Securities Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount ($)** | **Coupon Rate (%)** | **Maturity**<br> **Date** | **Fair**<br> **Value ($)** |
| **Mortgage Pass-Through Securities - 21.9%** | **Mortgage Pass-Through Securities - 21.9%** | **Mortgage Pass-Through Securities - 21.9%** | **Mortgage Pass-Through Securities - 21.9%** |
| **Federal Home Loan Mortgage Corporation - 7.9%** | **Federal Home Loan Mortgage Corporation - 7.9%** | **Federal Home Loan Mortgage Corporation - 7.9%** | **Federal Home Loan Mortgage Corporation - 7.9%** |
| 215882 | 2.00 | 8/1/41 | 186126 |
| 932222 | 4.50 | 7/1/52 | 894867 |
| 2209550 | 4.50 | 2/1/55 | 2113748 |
| 269106 | 5.00 | 7/1/35 | 273110 |
| 292518 | 5.00 | 5/1/42 | 292926 |
| 437637 | 5.50 | 9/1/52 | 441601 |
| 41003 | 5.82 | 10/1/37 | 42746 |
| 3239192 | 6.00 | 11/1/38 | 3333530 |
| 309895 | 6.00 | 6/1/52 | 317990 |
| 768306 | 6.00 | 2/1/54 | 771669 |
| 1677063 | 6.50 | 11/1/53 | 1731675 |
| 67549 | 6.88 | 2/17/31 | 69061 |
| 1937987 | 7.00 | 10/1/37 | 2051811 |
| 1152893 | 7.00 | 10/1/38 | 1226879 |
| 984482 | 7.00 | 3/1/39 | 1057119 |
| 1556263 | 7.00 | 11/1/53 | 1640179 |
| 37926 | 8.50 | 3/1/31 | 39752 |
| 1036 | 9.00 | 5/1/31 | 1042 |
|  |  |  | 16485831 |
| **Federal National Mortgage Association - 9.8%** | **Federal National Mortgage Association - 9.8%** | **Federal National Mortgage Association - 9.8%** | **Federal National Mortgage Association - 9.8%** |
| 154883 | 3.50 | 10/1/34 | 150546 |
| 2270936 | 4.00 | 4/1/54 | 2112165 |
| 4343488 | 4.50 | 7/1/52 | 4156495 |
| 5292225 | 4.50 | 9/1/52 | 5070683 |
| 4229453 | 4.50 | 3/1/55 | 4046068 |
| 1780722 | 5.00 | 7/1/52 | 1730326 |
| 679267 | 5.93 | 5/1/35 | 677135 |
| 48464 | 6.00 | 5/1/37 | 50232 |
| 35968 | 6.00 | 9/1/37 | 36190 |
| 1723096 | 6.00 | 2/1/54 | 1730637 |
| 11695 | 6.50 | 8/1/34 | 11838 |
| 53812 | 7.00 | 7/1/33 | 54648 |
| 9221 | 7.00 | 12/1/37 | 9339 |
| 412774 | 7.00 | 9/1/47 | 433457 |
| 35186 | 8.00 | 11/1/37 | 35514 |
| 17316 | 8.19 | 11/15/31 | 17464 |
| 270 | 8.43 | 7/20/30 | 271 |
| 6090 | 9.00 | 5/15/28 | 6093 |
| 13106 | 9.00 | 7/1/31 | 13119 |
|  |  |  | 20342220 |
| **Government National Mortgage Association - 4.2%** | **Government National Mortgage Association - 4.2%** | **Government National Mortgage Association - 4.2%** | **Government National Mortgage Association - 4.2%** |
| 390287 | 5.00 | 7/20/49 | 385845 |
| 427632 | 5.00 | 1/20/65 | 416689 |
| 1811 | 5.50 | 9/15/25 | 1809 |
| 275510 | 5.50 | 5/20/40 | 281981 |
| 610706 | 5.50 | 8/20/62 | 607565 |
| 2130191 | 6.00 | 12/20/52 | 2185628 |
| 2103650 | 6.00 | 8/20/62 | 2123646 |
| 7088 | 6.50 | 12/20/38 | 7064 |
| 2419232 | 7.00 | 12/20/52 | 2505930 |
| 118757 | 7.50 | 4/15/34 | 122671 |
|  |  |  | 8638828 |
| **Total Mortgage Pass-Through Securities** | **Total Mortgage Pass-Through Securities** | **Total Mortgage Pass-Through Securities** | 45466879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $45,605,714)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $45,605,714)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $45,605,714)** |  |
| **U.S. Treasury / Federal Agency Securities - 3.4%** | **U.S. Treasury / Federal Agency Securities - 3.4%** | **U.S. Treasury / Federal Agency Securities - 3.4%** | **U.S. Treasury / Federal Agency Securities - 3.4%** |
| U.S. Treasury Bonds: | U.S. Treasury Bonds: | U.S. Treasury Bonds: |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount ($)** | **Coupon Rate (%)** | **Maturity**<br> **Date** | **Fair**<br> **Value ($)** |
| 2850000 | 3.63 | 2/15/53 | 2330098 |
| 1800000 | 4.25 | 11/15/34 | 1806187 |
| 600000 | 4.38 | 5/15/34 | 609445 |
| U.S. Treasury Notes: | U.S. Treasury Notes: | U.S. Treasury Notes: | U.S. Treasury Notes: |
| 2300000 | 4.25 | 1/31/30 | 2345012 |
| **Total U.S. Treasury / Federal Agency Securities** | **Total U.S. Treasury / Federal Agency Securities** | **Total U.S. Treasury / Federal Agency Securities** | 7090742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $7,348,808)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $7,348,808)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $7,348,808)** |  |
| **Collateralized Mortgage Obligations - 72.9%** | **Collateralized Mortgage Obligations - 72.9%** | **Collateralized Mortgage Obligations - 72.9%** | **Collateralized Mortgage Obligations - 72.9%** |
| **Federal Home Loan Mortgage Corporation - 16.8%** | **Federal Home Loan Mortgage Corporation - 16.8%** | **Federal Home Loan Mortgage Corporation - 16.8%** | **Federal Home Loan Mortgage Corporation - 16.8%** |
| 676099 | 4.61 | 7/25/32 <sup>1</sup> | 635223 |
| 1088361 | 5.00 | 10/25/48 | 1095871 |
| 1498049 | 5.00 | 2/25/51 | 1475031 |
| 1788927 | 5.00 | 6/25/51 | 1797935 |
| 1947549 | 5.00 | 4/25/52 | 1960083 |
| 4860432 | 5.00 | 11/25/50 <sup>1</sup> | 4715076 |
| 2170980 | 5.23 | 5/25/43 | 2069332 |
| 1793902 | 5.50 | 6/25/48 | 1838137 |
| 1683381 | 5.50 | 11/25/50 | 1710707 |
| 4077022 | 5.50 | 6/25/51 | 4145524 |
| 358779 | 6.00 | 4/15/30 | 367985 |
| 832332 | 6.00 | 6/15/37 | 883670 |
| 802130 | 6.00 | 9/15/42 | 816969 |
| 2311658 | 6.00 | 9/25/52 | 2408679 |
| 235969 | 6.50 | 6/25/32 | 242496 |
| 279485 | 6.50 | 8/15/39 | 298754 |
| 754030 | 6.50 | 2/25/43 | 756568 |
| 708730 | 6.50 | 10/25/43 | 727101 |
| 1364487 | 6.50 | 8/15/45 | 1499057 |
| 600000 | 7.00 | 12/15/40 | 662462 |
| 1317695 | 7.00 | 3/25/43 | 1398367 |
| 1862150 | 7.00 | 7/25/43 | 1967355 |
| 851379 | 7.00 | 3/15/49 | 913727 |
| 487326 | 7.50 | 9/25/43 | 505018 |
|  |  |  | 34891127 |
| **Federal National Mortgage Association - 16.7%** | **Federal National Mortgage Association - 16.7%** | **Federal National Mortgage Association - 16.7%** | **Federal National Mortgage Association - 16.7%** |
| 1554964 | 5.00 | 7/25/33 | 1553729 |
| 2926719 | 5.00 | 11/25/50 | 2866371 |
| 3057521 | 5.00 | 12/25/50 | 3075150 |
| 360790 | 5.00 | 1/25/51 | 361366 |
| 1397469 | 5.25 | 8/25/49 | 1414237 |
| 355751 | 5.36 | 6/25/42 | 364374 |
| 507124 | 5.50 | 6/25/40 | 520979 |
| 710900 | 5.50 | 1/25/49 | 715937 |
| 1128233 | 5.62 | 11/25/33 | 1130293 |
| 298228 | 5.75 | 8/25/33 | 302310 |
| 75620 | 6.00 | 11/25/32 | 78623 |
| 431660 | 6.00 | 9/25/35 | 455861 |
| 417720 | 6.00 | 10/25/36 | 437758 |
| 1058239 | 6.00 | 11/25/43 | 1085003 |
| 1749472 | 6.00 | 6/25/44 | 1798175 |
| 381353 | 6.00 | 8/25/44 | 392190 |
| 575461 | 6.00 | 2/25/48 | 608961 |
| 1450000 | 6.00 | 10/25/53 | 1548959 |
| 1781336 | 6.50 | 11/25/41 | 1814125 |
| 963753 | 6.50 | 7/25/42 | 1004740 |
| 1703352 | 6.50 | 12/25/43 | 1754041 |
| 728604 | 6.53 | 9/25/37 <sup>1</sup> | 725057 |
| 336218 | 6.65 | 8/25/37 <sup>1</sup> | 338855 |
| 251872 | 6.75 | 4/25/37 | 254903 |

---

JUNE 30, 2025<sub>1</sub>

------

**SCHEDULE OF INVESTMENTS (Unaudited)** 

June 30, 2025

**Sit U.S. Government Securities Fund (Continued)** 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount ($)** | **Coupon Rate (%)** | **Maturity**<br> **Date** | **Fair**<br> **Value ($)** |
| 798023 | 7.00 | 12/25/33 | 833216 |
| 594849 | 7.00 | 6/19/41 <sup>1</sup> | 604586 |
| 845956 | 7.00 | 12/25/41 | 878964 |
| 600972 | 7.00 | 7/25/42 | 627941 |
| 480666 | 7.00 | 2/25/44 | 495792 |
| 565649 | 7.00 | 4/25/49 | 607080 |
| 223195 | 7.50 | 10/25/40 | 224320 |
| 787056 | 7.50 | 11/25/40 | 787056 |
| 868390 | 7.50 | 7/25/41 | 879889 |
| 259196 | 7.50 | 1/25/42 | 269336 |
| 449412 | 7.50 | 5/25/42 | 474300 |
| 553788 | 7.50 | 2/25/44 | 565607 |
| 350959 | 7.50 | 5/25/44 | 371747 |
| 2247323 | 7.50 | 1/25/48 | 2367514 |
| 21945 | 8.21 | 10/25/42 <sup>1</sup> | 23605 |
| 121762 | 8.50 | 6/25/30 | 130081 |
| 7790 | 18.39 | 3/25/39 <sup>1</sup> | 9808 |
|  |  |  | 34752839 |
| **Government National Mortgage Association - 39.2%** | **Government National Mortgage Association - 39.2%** | **Government National Mortgage Association - 39.2%** | **Government National Mortgage Association - 39.2%** |
| 1958474 | 4.73 | 5/20/51 <sup>1</sup> | 1892222 |
| 2003348 | 4.76 | 5/20/51 <sup>1</sup> | 1930083 |
| 4338795 | 4.80 | 8/20/51 <sup>1</sup> | 4213644 |
| 1033607 | 5.00 | 8/20/48 | 1031743 |
| 3459263 | 5.00 | 1/20/51 | 3431654 |
| 6202100 | 5.00 | 2/20/51 | 6136890 |
| 524909 | 5.00 | 6/20/52 | 527002 |
| 909633 | 5.50 | 12/20/49 | 913147 |
| 3262492 | 5.50 | 12/20/50 | 3338938 |
| 2722266 | 5.50 | 1/20/51 | 2781005 |
| 1481398 | 5.50 | 4/20/51 | 1528640 |
| 11389327 | 5.50 | 5/20/51 | 11677250 |
| 11580114 | 5.50 | 6/20/51 | 11834048 |
| 14041822 | 5.50 | 7/20/51 | 14327692 |
| 432269 | 5.50 | 10/20/51 | 441681 |
| 1181577 | 5.50 | 12/20/51 | 1209944 |
| 6556573 | 5.90 | 2/20/51 <sup>1</sup> | 6750050 |
| 238177 | 6.00 | 12/20/35 | 243176 |
| 217894 | 6.00 | 3/20/48 | 226030 |
| 1223048 | 6.00 | 3/20/49 | 1250676 |
| 342221 | 6.00 | 5/20/49 | 354543 |
| 1783645 | 6.50 | 8/20/48 | 1839038 |
| 789683 | 6.50 | 10/20/48 | 842285 |
| 690799 | 6.50 | 1/20/49 | 737165 |
| 886241 | 6.50 | 3/20/54 | 917598 |
| 857349 | 7.00 | 11/20/48 | 902455 |
| 260644 | 7.05 | 2/20/45 <sup>1</sup> | 278898 |
|  |  |  | 81557497 |
| **Vendee Mortgage Trust - 0.2%** | **Vendee Mortgage Trust - 0.2%** | **Vendee Mortgage Trust - 0.2%** | **Vendee Mortgage Trust - 0.2%** |
| 327957 | 6.42 | 7/15/30 <sup>1</sup> | 335587 |
|  |  |  | 335587 |
| **Total Collateralized Mortgage Obligations** | **Total Collateralized Mortgage Obligations** | **Total Collateralized Mortgage Obligations** | 151537050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $160,711,131)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $160,711,131)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $160,711,131)** |  |
| **Asset-Backed Securities - 0.7%** | **Asset-Backed Securities - 0.7%** | **Asset-Backed Securities - 0.7%** | **Asset-Backed Securities - 0.7%** |
| **Federal Home Loan Mortgage Corporation - 0.1%** | **Federal Home Loan Mortgage Corporation - 0.1%** | **Federal Home Loan Mortgage Corporation - 0.1%** | **Federal Home Loan Mortgage Corporation - 0.1%** |
| 208858 | 7.16 | 7/25/29 | 211872 |
|  |  |  | 211872 |
| **Federal National Mortgage Association - 0.6%** | **Federal National Mortgage Association - 0.6%** | **Federal National Mortgage Association - 0.6%** | **Federal National Mortgage Association - 0.6%** |
| 240446 | 4.40 | 9/26/33 <sup>14</sup> | 235043 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount ($)** | **Coupon Rate (%)** | **Maturity**<br> **Date** | **Fair**<br> **Value ($)** |
| 61718 | 4.86 | 10/25/33 <sup>14</sup> | 62935 |
|  | SOFRRATE 30 Day |  |  |
| 3639 | Average + 0.28%, 5.11 | 11/25/32 <sup>1</sup> | 3565 |
| 846041 | 5.28 | 2/25/33 <sup>14</sup> | 857766 |
| 342 | 6.00 | 5/25/32 <sup>14</sup> | 344 |
|  |  |  | 1159653 |
| **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | **Total Asset-Backed Securities** | 1371525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $1,382,024)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $1,382,024)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $1,382,024)** |  |
| **Put Options Purchased <sup>19</sup> - 0.1%** | **Put Options Purchased <sup>19</sup> - 0.1%** | **Put Options Purchased <sup>19</sup> - 0.1%** | 130476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $138,185)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $138,185)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $138,185)** |  |
| **Quantity** | **Name of Issuer** |  | **Fair** <br> **Value ($)** |
| **Short-Term Securities - 1.0%** | **Short-Term Securities - 1.0%** | **Short-Term Securities - 1.0%** |  |
| 2140104 | Fidelity Inv. Money Mkt. Gvt. Fund, 4.23% | Fidelity Inv. Money Mkt. Gvt. Fund, 4.23% | 2140104 |
| **(**cost: **$2,140,104)** | **(**cost: **$2,140,104)** |  |  |
| **Total Investments in Securities - 100.0%** | **Total Investments in Securities - 100.0%** | **Total Investments in Securities - 100.0%** | **Total Investments in Securities - 100.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $217,325,966)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $217,325,966)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(cost: $217,325,966)** | 207736776 |
| **Other Assets and Liabilities - (0.0)%** | **Other Assets and Liabilities - (0.0)%** | **Other Assets and Liabilities - (0.0)%** | (6346) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **Net Assets - 100.0%** | $207730430 |

---

---

| | |
|:---|:---|
| 1 | Variable rate security. Rate disclosed is as of June 30, 2025. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or, for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions.  |

---

14 Step Coupon: A bond that pays a coupon rate that increases on a specified date(s). Rate disclosed is as of June 30, 2025.

Numeric footnotes not disclosed are not applicable to this Schedule of Investments.

**2**

------

**SCHEDULE OF INVESTMENTS (Unaudited)** 

June 30, 2025

**Sit U.S. Government Securities Fund (Continued)** 

19 Options outstanding as of June 30, 2025 were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Contracts** | **Exercise<br>Price ($)** | **Expiration<br>Date** | **Counterparty** | **Notional<br>Amount ($)** | **Cost/<br>Premiums ($)** | **Value ($)** |
|  Put Options Purchased - U.S. Treasury Futures: | Put Options Purchased - U.S. Treasury Futures: | Put Options Purchased - U.S. Treasury Futures: |  |  |  |  |  |
|  5-Year | 293 | 108.50 | August 2025 | StoneX Financial, Inc. | 31790500 | 138185 | 130476 |

---

A summary of the levels for the Fund's investments as of June 30, 2025 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment in Securities** | **Investment in Securities** | **Investment in Securities** | **Investment in Securities** |
|  | **Level 1**<br>Quoted<br> Prices ($) | **Level 2**<br>Other significant<br>observable inputs ($) | **Level 3**<br>Significant<br>unobservable inputs ($) |<br>Total ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage Pass-Through Securities |  | 45466879 |  | 45466879 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury / Federal Agency Securities |  | 7090742 |  | 7090742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations |  | 151537050 |  | 151537050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities |  | 1371525 |  | 1371525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Put Options Purchased | 130476 |  |  | 130476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities | 2140104 |  |  | 2140104 |
|  Total: | 2270580 | 205466196 |  | 207736776 |

---

There were no transfers into or out of level 3 during the reporting period.

For additional information about significant accounting policies, including valuation of investments, refer to the Fund's most recent annual report.

JUNE 30, 2025<sub>3</sub>

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SIT U S GOVERNMENT SECURITIES FUND INC

- **b. Investment Company Act file number:** 811-04995

- **c. CIK number of Registrant:** 0000809981

- **d. LEI of Registrant:** 254900MGQV5RVCBUFN27

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 80 S. Eighth Street

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

  - **Telephone number:** 612-332-3223

**Item A.2. Information about the Series.**

- **a. Name of Series:** Sit U S Government Securities Fund Inc

- **b. EDGAR series identifier (if any):** S000011654

- **c. LEI of Series:** 254900MGQV5RVCBUFN27

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $210053899.70

**Total Liabilities:** $2127147.70

**Net Assets:** $207926752.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 32.10951000 | **1-Year:** 9497.06954000 | **5-Year:** 67198.49767000 | **10-Year:** 23293.94712000 | **30-Year:** 177.11722000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032004 | 0.60%                | -0.57%               | 1.30%                |
| Class ID C000217198 | 0.62%                | -0.55%               | 1.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-117363.32              | $657761.01                                 |
| Month 2  | $-104964.13              | $-1841462.89                               |
| Month 3  | $-113452.97              | $2278988.82                                |

**Designated Index Information**

- **Index Name:** U.S. Government: Intermediate

- **Index Identifier:** I00046US-USD

### Schedule of Portfolio Investments

| Name                                                           | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31412FT37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48464 | PA      | $50232.21     | 0.02%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382MUT4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3034877 | PA      | $3010150.42   | 1.45%             | 2051-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 3140MSBY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4343488 | PA      | $4156494.50   | 2.00%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137H8X97<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2311658 | PA      | $2408678.54   | 1.16%             | 2052-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38381BLR3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    690799 | PA      | $737164.86    | 0.35%             | 2049-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136BNGH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1554964 | PA      | $1553728.69   | 0.75%             | 2033-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382QQF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1958474 | PA      | $1892222.42   | 0.91%             | 2051-05-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38384JXP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1033607 | PA      | $1031743.02   | 0.50%             | 2048-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2001-T5                 | CUSIP: 31359SX96<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    594849 | PA      | $604585.59    | 0.29%             | 2041-06-19      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 31398RGF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    507124 | PA      | $520978.54    | 0.25%             | 2040-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vendee Mortgage Trust                                          | Vendee Mortgage Trust 2000-3                     | CUSIP: 911760PD2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    327957 | PA      | $335587.04    | 0.16%             | 2030-07-15      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3132DPS58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    932222 | PA      | $894866.85    | 0.43%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31381D2B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6090 | PA      | $6093.40      | 0.00%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137FFNE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1498049 | PA      | $1475031.14   | 0.71%             | 2051-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137FFNG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4860432 | PA      | $4715076.49   | 2.27%             | 2050-11-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382QPX2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2003348 | PA      | $1930082.75   | 0.93%             | 2051-05-20      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137FL2Y9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    851379 | PA      | $913727.41    | 0.44%             | 2049-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382QRJ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    697260 | PA      | $720968.30    | 0.35%             | 2051-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382WKZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4042305 | PA      | $4158611.65   | 2.00%             | 2051-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2004-W8                         | CUSIP: 31394ALH7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1749472 | PA      | $1798175.32   | 0.86%             | 2044-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2004-W1                         | CUSIP: 31393U4Q3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    798023 | PA      | $833216.22    | 0.40%             | 2033-12-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 31286DJ51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     41003 | PA      | $42746.02     | 0.02%             | 2037-10-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38381AG34<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    857348 | PA      | $902454.98    | 0.43%             | 2048-11-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31405Q2Y3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11695 | PA      | $11837.57     | 0.01%             | 2034-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136BCZS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2926719 | PA      | $2866371.53   | 1.38%             | 2050-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137HCKX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    814539 | PA      | $821921.67    | 0.40%             | 2050-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382UHV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    784748 | PA      | $807617.98    | 0.39%             | 2051-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3132DWNV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2209550 | PA      | $2113747.81   | 1.02%             | 2055-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                               | CUSIP: 3622A2ZC9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    275510 | PA      | $281981.07    | 0.14%             | 2040-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2004-W11                  | CUSIP: 31394AB62<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    350959 | PA      | $371747.07    | 0.18%             | 2044-05-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137HCQ21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1088361 | PA      | $1095870.85   | 0.53%             | 2048-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 31335CLM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    984482 | PA      | $1057118.49   | 0.51%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137HKJV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1788927 | PA      | $1797934.72   | 0.86%             | 2051-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136BDJX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    360790 | PA      | $361365.81    | 0.17%             | 2051-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382U2H3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6026409 | PA      | $6155490.39   | 2.96%             | 2051-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3133TNS21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    358779 | PA      | $367985.09    | 0.18%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2003-W13                  | CUSIP: 31393C7C1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     61718 | PA      | $62935.11     | 0.03%             | 2033-10-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                               | CUSIP: 3622ADUH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2130191 | PA      | $2185627.88   | 1.05%             | 2052-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2002-W2                   | CUSIP: 31392CEN0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |       342 | PA      | $344.22       | 0.00%             | 2032-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 31335AVM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1937987 | PA      | $2051810.67   | 0.99%             | 2037-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2007-W9                   | CUSIP: 31396W6T8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    336218 | PA      | $338854.78    | 0.16%             | 2037-08-25      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3133JMCA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    768306 | PA      | $771669.07    | 0.37%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                    | 5 YEAR U.S. TREASURY NOTE                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       293 | NC      | $130476.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                               | CUSIP: 36202EYG8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      7088 | PA      | $7064.32      | 0.00%             | 2038-12-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 31397SVY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     75620 | PA      | $78623.51     | 0.04%             | 2032-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136BC5P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3057521 | PA      | $3075150.30   | 1.48%             | 2050-12-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38384HT65<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    524909 | PA      | $527001.51    | 0.25%             | 2052-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2003-W2                         | CUSIP: 31392JAA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    963753 | PA      | $1004739.72   | 0.48%             | 2042-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 31397NHK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7790 | PA      | $9807.67      | 0.00%             | 2039-03-25      | Variable      | 18.39%                | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 31392MEM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    676099 | PA      | $635223.42    | 0.31%             | 2032-07-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5292225 | PA      | $5070682.62   | 2.44%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31390AGJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13106 | PA      | $13119.22     | 0.01%             | 2031-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2003-W17                        | CUSIP: 31393UAK9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    298228 | PA      | $302309.70    | 0.15%             | 2033-08-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                               | CUSIP: 3622ADUF3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2103650 | PA      | $2123645.53   | 1.02%             | 2062-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31381D2Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       270 | PA      | $271.10       | 0.00%             | 2030-07-20      | Fixed         | 8.43%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 31394PPQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    708730 | PA      | $727100.91    | 0.35%             | 2043-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38380VQ87<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    217894 | PA      | $226030.50    | 0.11%             | 2048-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136BQMR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1450000 | PA      | $1548959.46   | 0.74%             | 2053-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 31393NTF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1317695 | PA      | $1398366.65   | 0.67%             | 2043-03-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 31394JY50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    487326 | PA      | $505018.34    | 0.24%             | 2043-09-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                               | CUSIP: 3618KDDU6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    427632 | PA      | $416689.33    | 0.20%             | 2065-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382LTE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3262492 | PA      | $3338937.88   | 1.61%             | 2050-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2004-T3                 | CUSIP: 31393YU86<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    553788 | PA      | $565606.58    | 0.27%             | 2044-02-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2003-W6                         | CUSIP: 31393BX59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21945 | PA      | $23604.58     | 0.01%             | 2042-10-25      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2007-W8                   | CUSIP: 31396XVY7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    728604 | PA      | $725057.15    | 0.35%             | 2037-09-25      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382TZP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3519846 | PA      | $3599714.69   | 1.73%             | 2051-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                               | CUSIP: 36179XNK8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2419232 | PA      | $2505929.77   | 1.21%             | 2052-12-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3133KYVN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    215882 | PA      | $186125.91    | 0.09%             | 2041-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                | United States Treasury Note/Bond                 | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $609445.31    | 0.29%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382NJP3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3415245 | PA      | $3377776.82   | 1.62%             | 2051-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2003-W3                         | CUSIP: 31392JYQ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    355751 | PA      | $364373.84    | 0.18%             | 2042-06-25      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2001-T1                 | CUSIP: 31358S4W8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    223195 | PA      | $224320.33    | 0.11%             | 2040-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY INVESTMENTS MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO | FIDELITY GOVERNMENT PORT-I                       | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   2886590 | NS      | $2886590.43   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382QNX4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1902653 | PA      | $1941589.97   | 0.93%             | 2051-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 31392MEJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    235969 | PA      | $242496.20    | 0.12%             | 2032-06-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136BQXC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    710900 | PA      | $715936.91    | 0.34%             | 2049-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382WXZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4338795 | PA      | $4213643.58   | 2.03%             | 2051-08-20      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382QJP6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1481398 | PA      | $1528640.48   | 0.74%             | 2051-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38384QFN3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    886241 | PA      | $917598.13    | 0.44%             | 2054-03-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137BLU48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1364487 | PA      | $1499056.90   | 0.72%             | 2045-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382NLX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2667766 | PA      | $2641999.15   | 1.27%             | 2051-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2002-W3                   | CUSIP: 31392CT61<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1781336 | PA      | $1814125.21   | 0.87%             | 2041-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38383CPF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    432269 | PA      | $441680.84    | 0.21%             | 2051-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31418E5B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2270936 | PA      | $2112165.43   | 1.02%             | 2054-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137HHCT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1947549 | PA      | $1960082.65   | 0.94%             | 2052-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38374MVH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    238177 | PA      | $243175.95    | 0.12%             | 2035-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137H0K23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4077022 | PA      | $4145524.03   | 1.99%             | 2051-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136B0UC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    575461 | PA      | $608961.34    | 0.29%             | 2048-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3133BDXE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    309895 | PA      | $317990.02    | 0.15%             | 2052-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382NJU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    119089 | PA      | $117113.92    | 0.06%             | 2051-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38381RYN3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    809498 | PA      | $839414.95    | 0.40%             | 2049-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                               | CUSIP: 3617KCC49<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    390287 | PA      | $385845.10    | 0.19%             | 2049-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3132DNYL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    437637 | PA      | $441600.85    | 0.21%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 31393RGG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2170980 | PA      | $2069332.41   | 1.00%             | 2043-05-25      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2002-W12                  | CUSIP: 31392GSN6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    846041 | PA      | $857766.40    | 0.41%             | 2033-02-25      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2004-W1                         | CUSIP: 31393U4N0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1703352 | PA      | $1754041.34   | 0.84%             | 2043-12-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2003-T4                 | CUSIP: 31393AV61<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    240446 | PA      | $235042.67    | 0.11%             | 2033-09-26      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38384HRU4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1181577 | PA      | $1209944.50   | 0.58%             | 2051-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 3138EN6G9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    154883 | PA      | $150546.36    | 0.07%             | 2034-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2007-W3                   | CUSIP: 31396VQB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    251872 | PA      | $254903.04    | 0.12%             | 2037-04-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2002-W4                   | CUSIP: 31392DUA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    449412 | PA      | $474299.75    | 0.23%             | 2042-05-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 31394FFA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    431660 | PA      | $455861.36    | 0.22%             | 2035-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382NJZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6556573 | PA      | $6750050.43   | 3.25%             | 2051-02-20      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31410GJ87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    412774 | PA      | $433456.55    | 0.21%             | 2047-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2003-W2                         | CUSIP: 31392JAC3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    600972 | PA      | $627940.64    | 0.30%             | 2042-07-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382MSV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2722266 | PA      | $2781004.77   | 1.34%             | 2051-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31413TBB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35968 | PA      | $36190.15     | 0.02%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382MUU1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    424387 | PA      | $421503.21    | 0.20%             | 2051-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31371NQE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9221 | PA      | $9338.94      | 0.00%             | 2037-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137HCKY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    868842 | PA      | $888785.62    | 0.43%             | 2050-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38381RPL7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    789683 | PA      | $842284.87    | 0.41%             | 2048-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2003-W19                        | CUSIP: 31393UA60<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1128233 | PA      | $1130292.75   | 0.54%             | 2033-11-25      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2004-T3                 | CUSIP: 31393YU78<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    480666 | PA      | $495792.05    | 0.24%             | 2044-02-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31402RXW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53812 | PA      | $54647.86     | 0.03%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2002-T4                 | CUSIP: 31392B6U5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    845956 | PA      | $878964.32    | 0.42%             | 2041-12-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2001-T4                 | CUSIP: 31359SR69<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    868390 | PA      | $879888.64    | 0.42%             | 2041-07-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382QQT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2658653 | PA      | $2732234.51   | 1.31%             | 2051-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 3128LXL73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1036 | PA      | $1042.12      | 0.00%             | 2031-05-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38381VMS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    342221 | PA      | $354543.37    | 0.17%             | 2049-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae REMIC Trust 2002-W11                  | CUSIP: 31392EW63<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      3639 | PA      | $3564.61      | 0.00%             | 2032-11-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 31335PLT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67549 | PA      | $69061.10     | 0.03%             | 2031-02-17      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31418FHW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4229453 | PA      | $4046068.39   | 1.95%             | 2055-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3132DWJT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1677063 | PA      | $1731675.04   | 0.83%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38379LAT3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    260644 | PA      | $278897.73    | 0.13%             | 2045-02-20      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                                           | Fannie Mae Trust 2004-W15                        | CUSIP: 31394BZ64<br>LEI: 549300KIT83OL5QXFU28 | Long             | ABS-MBS          | USGSE             | US        |    381352 | PA      | $392190.16    | 0.19%             | 2044-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 31297EYR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     37926 | PA      | $39752.38     | 0.02%             | 2031-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382TZQ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1033349 | PA      | $1057414.51   | 0.51%             | 2051-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31419GEL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35186 | PA      | $35513.84     | 0.02%             | 2037-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382UFP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3884844 | PA      | $3951485.81   | 1.90%             | 2051-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137APRB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    279484 | PA      | $298754.01    | 0.14%             | 2039-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae II Pool                               | CUSIP: 3617FMRB1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    610706 | PA      | $607565.31    | 0.29%             | 2062-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137HBK52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1793902 | PA      | $1838136.77   | 0.88%             | 2048-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 3140YXNP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1723096 | PA      | $1730637.07   | 0.83%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38381RZG7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    413550 | PA      | $411260.91    | 0.20%             | 2049-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 31394JD95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1862150 | PA      | $1967355.04   | 0.95%             | 2043-07-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 31393LFK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    754030 | PA      | $756567.77    | 0.36%             | 2043-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 3132H3P72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    292518 | PA      | $292925.57    | 0.14%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae I Pool                                | CUSIP: 36208NRR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    118757 | PA      | $122671.25    | 0.06%             | 2034-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3132DWJX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1556263 | PA      | $1640179.11   | 0.79%             | 2053-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 3140MF3U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1780722 | PA      | $1730325.62   | 0.83%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136B4DK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    565649 | PA      | $607079.72    | 0.29%             | 2049-04-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38384MHF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    909633 | PA      | $913147.19    | 0.44%             | 2049-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac REMICS                               | CUSIP: 3137A3YZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    600000 | PA      | $662461.50    | 0.32%             | 2040-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                | United States Treasury Note/Bond                 | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2850000 | PA      | $2330097.64   | 1.12%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through                                  | Freddie Mac Structured Pass-Through Certificates | CUSIP: 3133TL4S4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    208858 | PA      | $211871.72    | 0.10%             | 2029-07-25      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382WKV8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3973108 | PA      | $4013590.27   | 1.93%             | 2051-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31377UKR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    679267 | PA      | $677135.22    | 0.33%             | 2035-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 3136BQG52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1397469 | PA      | $1414237.27   | 0.68%             | 2049-08-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 31359X3X5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    121762 | PA      | $130080.62    | 0.06%             | 2030-06-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2004-T2                 | CUSIP: 31393X7A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1058239 | PA      | $1085003.28   | 0.52%             | 2043-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Pool                                 | CUSIP: 3132D6FK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3239192 | PA      | $3333530.41   | 1.60%             | 2038-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 3128LXBH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    269106 | PA      | $273110.32    | 0.13%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Ginnie Mae I Pool                                | CUSIP: 36291SG20<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1811 | PA      | $1808.69      | 0.00%             | 2025-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382TT53<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2357328 | PA      | $2417814.87   | 1.16%             | 2051-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 31392CAW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    259196 | PA      | $269336.00    | 0.13%             | 2042-01-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 31396X5L4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    417720 | PA      | $437757.71    | 0.21%             | 2036-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Reference Remic                                    | Freddie Mac Reference REMIC                      | CUSIP: 31397HPD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    832332 | PA      | $883670.28    | 0.42%             | 2037-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae Pool                                  | CUSIP: 31381D5R2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17316 | PA      | $17463.68     | 0.01%             | 2031-11-15      | Fixed         | 8.19%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38380XX85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1783645 | PA      | $1839037.57   | 0.88%             | 2048-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                 | Government National Mortgage Association         | CUSIP: 38382QRG7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6130761 | PA      | $6282457.46   | 3.02%             | 2051-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                | United States Treasury Note/Bond                 | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1800000 | PA      | $1806187.50   | 0.87%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                                        | Fannie Mae Grantor Trust 2000-T6                 | CUSIP: 31358SR37<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    787056 | PA      | $787055.61    | 0.38%             | 2040-11-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                | United States Treasury Note/Bond                 | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2300000 | PA      | $2345011.71   | 1.13%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                     | Fannie Mae REMICS                                | CUSIP: 31392CR48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2247323 | PA      | $2367514.34   | 1.14%             | 2048-01-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                               | Freddie Mac Strips                               | CUSIP: 3128HX6A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    802130 | PA      | $816968.73    | 0.39%             | 2042-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                    | Freddie Mac Gold Pool                            | CUSIP: 3128M9NG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1152893 | PA      | $1226879.31   | 0.59%             | 2038-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** SIT U.S. GOVERNMENT SECURITIES FUND, INC.

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

**Title:** VP, Treasurer & Chief Compliance Officer