# EDGAR Filing Document

**Accession Number:** 0001947660
**File Stem:** 0001193125-25-306081
**Filing Date:** 2025-12
**Character Count:** 29598
**Document Hash:** 69fa19095d534d946f279df81d703c0d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-306081.hdr.sgml**: 20251203

**ACCESSION NUMBER**: 0001193125-25-306081

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251128

**FILED AS OF DATE**: 20251203

**DATE AS OF CHANGE**: 20251203

**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:** 251545211

**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):** 2025-11-28

**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:** 6 days

- **WAL:** 6 days

- **Total Value of Portfolio Securities:** $1288785351.54

- **Amortized Cost of Portfolio Securities:** $1288785351.54

- **Cash:** $198246.14

- **Total Other Assets:** $52441.64

- **Total Liabilities:** $3648732.89

- **Net Assets of Series:** $1285387306.43

- **Number of Shares Outstanding (Series):** 1285387307.0500

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-11-03 | $534553875.73             | $1268237483.88             | 42.1400%                  | 99.9700%                   |
| 2025-11-04 | $531976937.86             | $1266157812.06             | 42.0100%                  | 99.9800%                   |
| 2025-11-05 | $528467000.70             | $1262725129.75             | 41.8400%                  | 99.9700%                   |
| 2025-11-06 | $523789166.20             | $1257766857.32             | 41.6400%                  | 99.9900%                   |
| 2025-11-07 | $487055666.90             | $1274996751.59             | 38.2000%                  | 100.0000%                  |
| 2025-11-10 | $470699500.00             | $1258806893.94             | 37.3900%                  | 99.9800%                   |
| 2025-11-12 | $474716250.00             | $1256276592.29             | 37.7800%                  | 99.9800%                   |
| 2025-11-13 | $689997288.74             | $1257939957.26             | 54.8400%                  | 99.9800%                   |
| 2025-11-14 | $793806312.05             | $1274868216.61             | 62.2700%                  | 100.0100%                  |
| 2025-11-17 | $695769551.01             | $1276950687.41             | 54.4800%                  | 99.9900%                   |
| 2025-11-18 | $929480887.35             | $1303223186.38             | 71.3100%                  | 99.9800%                   |
| 2025-11-19 | $722047033.49             | $1308418168.25             | 55.1800%                  | 99.9900%                   |
| 2025-11-20 | $723687732.18             | $1277109460.67             | 56.6600%                  | 99.9900%                   |
| 2025-11-21 | $734909829.82             | $1313134646.31             | 55.9700%                  | 100.0000%                  |
| 2025-11-24 | $544729376.21             | $1288275800.32             | 42.2800%                  | 99.9800%                   |
| 2025-11-25 | $725508295.91             | $1280433566.38             | 56.6500%                  | 99.9800%                   |
| 2025-11-26 | $740773223.56             | $1295815331.04             | 57.1600%                  | 99.9900%                   |
| 2025-11-28 | $742310071.34             | $1289038092.10             | 57.5900%                  | 100.0000%                  |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-11-03 | 3.9600%             |
| 2025-11-04 | 3.9300%             |
| 2025-11-05 | 3.9100%             |
| 2025-11-06 | 3.9000%             |
| 2025-11-07 | 3.8900%             |
| 2025-11-10 | 3.8600%             |
| 2025-11-12 | 3.8500%             |
| 2025-11-13 | 3.8500%             |
| 2025-11-14 | 3.8500%             |
| 2025-11-17 | 3.8500%             |
| 2025-11-18 | 3.8500%             |
| 2025-11-19 | 3.8500%             |
| 2025-11-20 | 3.8600%             |
| 2025-11-21 | 3.8600%             |
| 2025-11-24 | 3.8800%             |
| 2025-11-25 | 3.8800%             |
| 2025-11-26 | 3.8900%             |
| 2025-11-28 | 3.8900%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-11-03 | 0.9999                      |
|  |  |
| 2025-11-04 | 0.9999                      |
|  |  |
| 2025-11-05 | 1.0000                      |
|  |  |
| 2025-11-06 | 0.9999                      |
|  |  |
| 2025-11-07 | 0.9998                      |
|  |  |
| 2025-11-10 | 0.9999                      |
|  |  |
| 2025-11-12 | 0.9999                      |
|  |  |
| 2025-11-13 | 0.9999                      |
|  |  |
| 2025-11-14 | 0.9998                      |
|  |  |
| 2025-11-17 | 1.0000                      |
|  |  |
| 2025-11-18 | 1.0000                      |
|  |  |
| 2025-11-19 | 1.0000                      |
|  |  |
| 2025-11-20 | 0.9999                      |
|  |  |
| 2025-11-21 | 0.9998                      |
|  |  |
| 2025-11-24 | 0.9999                      |
|  |  |
| 2025-11-25 | 0.9999                      |
|  |  |
| 2025-11-26 | 0.9999                      |
|  |  |
| 2025-11-28 | 0.9998                      |
|  |  |

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

### Class: Class A Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $624312882.67

- **Number of Shares Outstanding:** 624312882.9700

- **Expense Reimbursement/Waiver:** 10905.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9999          |
|  |  |
| 2025-11-04 | 0.9999          |
|  |  |
| 2025-11-05 | 1.0000          |
|  |  |
| 2025-11-06 | 0.9999          |
|  |  |
| 2025-11-07 | 0.9998          |
|  |  |
| 2025-11-10 | 0.9999          |
|  |  |
| 2025-11-12 | 0.9999          |
|  |  |
| 2025-11-13 | 0.9999          |
|  |  |
| 2025-11-14 | 0.9998          |
|  |  |
| 2025-11-17 | 1.0000          |
|  |  |
| 2025-11-18 | 1.0000          |
|  |  |
| 2025-11-19 | 1.0000          |
|  |  |
| 2025-11-20 | 0.9999          |
|  |  |
| 2025-11-21 | 0.9998          |
|  |  |
| 2025-11-24 | 0.9999          |
|  |  |
| 2025-11-25 | 0.9999          |
|  |  |
| 2025-11-26 | 0.9999          |
|  |  |
| 2025-11-28 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $9261660.49               | $9459220.75             |
| 2025-11-04 | $5403253.52               | $3101160.34             |
| 2025-11-05 | $1963184.35               | $2676953.31             |
| 2025-11-06 | $5597089.33               | $3666418.40             |
| 2025-11-07 | $8806901.80               | $1494595.28             |
| 2025-11-10 | $3416499.72               | $17664501.98            |
| 2025-11-12 | $1604161.59               | $4310616.43             |
| 2025-11-13 | $7550509.41               | $13314397.23            |
| 2025-11-14 | $18825682.52              | $5421864.96             |
| 2025-11-17 | $7644215.68               | $2140947.82             |
| 2025-11-18 | $26887346.75              | $3397409.03             |
| 2025-11-19 | $12692962.08              | $4557200.12             |
| 2025-11-20 | $8169619.86               | $4471613.23             |
| 2025-11-21 | $24475850.53              | $3208709.79             |
| 2025-11-24 | $3116315.11               | $16295362.18            |
| 2025-11-25 | $2507524.49               | $2287679.24             |
| 2025-11-26 | $4899754.13               | $2013881.09             |
| 2025-11-28 | $2711328.80               | $1535917.45             |

**Total Gross Subscriptions (Month):** $155533860.16

**Total Gross Redemptions (Month):** $101018448.63

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.4500%           |
| 2025-11-04 | 3.4200%           |
| 2025-11-05 | 3.4000%           |
| 2025-11-06 | 3.3800%           |
| 2025-11-07 | 3.3500%           |
| 2025-11-10 | 3.3400%           |
| 2025-11-12 | 3.3400%           |
| 2025-11-13 | 3.3400%           |
| 2025-11-14 | 3.3300%           |
| 2025-11-17 | 3.3300%           |
| 2025-11-18 | 3.3300%           |
| 2025-11-19 | 3.3400%           |
| 2025-11-20 | 3.3400%           |
| 2025-11-21 | 3.3600%           |
| 2025-11-24 | 3.3700%           |
| 2025-11-25 | 3.3700%           |
| 2025-11-26 | 3.3800%           |
| 2025-11-28 | 3.3800%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 100.0000%        | 0.0000%              |

### Class: Class I Institutional Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $5786699.39

- **Number of Shares Outstanding:** 5786699.4000

- **Expense Reimbursement/Waiver:** 103.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9999          |
|  |  |
| 2025-11-04 | 0.9999          |
|  |  |
| 2025-11-05 | 1.0000          |
|  |  |
| 2025-11-06 | 0.9999          |
|  |  |
| 2025-11-07 | 0.9998          |
|  |  |
| 2025-11-10 | 0.9999          |
|  |  |
| 2025-11-12 | 0.9999          |
|  |  |
| 2025-11-13 | 0.9999          |
|  |  |
| 2025-11-14 | 0.9998          |
|  |  |
| 2025-11-17 | 1.0000          |
|  |  |
| 2025-11-18 | 1.0000          |
|  |  |
| 2025-11-19 | 1.0000          |
|  |  |
| 2025-11-20 | 0.9999          |
|  |  |
| 2025-11-21 | 0.9998          |
|  |  |
| 2025-11-24 | 0.9999          |
|  |  |
| 2025-11-25 | 0.9999          |
|  |  |
| 2025-11-26 | 0.9999          |
|  |  |
| 2025-11-28 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $21438.61                 | $114930.48              |
| 2025-11-04 | $1635335.32               | $270719.01              |
| 2025-11-05 | $7610.93                  | $165082.33              |
| 2025-11-06 | $617279.16                | $295155.04              |
| 2025-11-07 | $381051.51                | $97637.60               |
| 2025-11-10 | $59556.20                 | $226206.60              |
| 2025-11-12 | $92859.50                 | $290208.35              |
| 2025-11-13 | $130989.41                | $408762.15              |
| 2025-11-14 | $341988.86                | $824663.52              |
| 2025-11-17 | $101071.73                | $457069.78              |
| 2025-11-18 | $54657.27                 | $10962.51               |
| 2025-11-19 | $74270.58                 | $269228.00              |
| 2025-11-20 | $70755.12                 | $1003.21                |
| 2025-11-21 | $82135.30                 | $152664.03              |
| 2025-11-24 | $252656.43                | $144780.06              |
| 2025-11-25 | $44015.00                 | $20000.00               |
| 2025-11-26 | $22646.60                 | $340254.76              |
| 2025-11-28 | $731140.53                | $69522.64               |

**Total Gross Subscriptions (Month):** $4721458.06

**Total Gross Redemptions (Month):** $4158850.07

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.3400%           |
| 2025-11-04 | 3.3200%           |
| 2025-11-05 | 3.3000%           |
| 2025-11-06 | 3.2800%           |
| 2025-11-07 | 3.2400%           |
| 2025-11-10 | 3.2400%           |
| 2025-11-12 | 3.2400%           |
| 2025-11-13 | 3.2400%           |
| 2025-11-14 | 3.2300%           |
| 2025-11-17 | 3.2300%           |
| 2025-11-18 | 3.2300%           |
| 2025-11-19 | 3.2400%           |
| 2025-11-20 | 3.2400%           |
| 2025-11-21 | 3.2600%           |
| 2025-11-24 | 3.2600%           |
| 2025-11-25 | 3.2600%           |
| 2025-11-26 | 3.2700%           |
| 2025-11-28 | 3.2800%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 100.0000%        | 0.0000%              |

### Class: Class A Non-Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $641422362.25

- **Number of Shares Outstanding:** 641422362.5500

- **Expense Reimbursement/Waiver:** 12200.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9999          |
|  |  |
| 2025-11-04 | 0.9999          |
|  |  |
| 2025-11-05 | 1.0000          |
|  |  |
| 2025-11-06 | 0.9999          |
|  |  |
| 2025-11-07 | 0.9998          |
|  |  |
| 2025-11-10 | 0.9999          |
|  |  |
| 2025-11-12 | 0.9999          |
|  |  |
| 2025-11-13 | 0.9999          |
|  |  |
| 2025-11-14 | 0.9998          |
|  |  |
| 2025-11-17 | 1.0000          |
|  |  |
| 2025-11-18 | 1.0000          |
|  |  |
| 2025-11-19 | 1.0000          |
|  |  |
| 2025-11-20 | 0.9999          |
|  |  |
| 2025-11-21 | 0.9998          |
|  |  |
| 2025-11-24 | 0.9999          |
|  |  |
| 2025-11-25 | 0.9999          |
|  |  |
| 2025-11-26 | 0.9999          |
|  |  |
| 2025-11-28 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $14905875.11              | $6750251.62             |
| 2025-11-04 | $6652429.80               | $12597951.40            |
| 2025-11-05 | $2548198.36               | $5123314.56             |
| 2025-11-06 | $452386.14                | $7943542.67             |
| 2025-11-07 | $14349121.23              | $4512244.24             |
| 2025-11-10 | $5246856.60               | $6137542.68             |
| 2025-11-12 | $846503.64                | $762258.13              |
| 2025-11-13 | $10944199.70              | $3928075.82             |
| 2025-11-14 | $6025884.48               | $2462286.06             |
| 2025-11-17 | $4502365.07               | $6970390.55             |
| 2025-11-18 | $4282746.80               | $1554898.51             |
| 2025-11-19 | $5489316.48               | $8407370.83             |
| 2025-11-20 | $1166550.90               | $36314286.92            |
| 2025-11-21 | $24160608.59              | $9555336.46             |
| 2025-11-24 | $687112.90                | $12674316.05            |
| 2025-11-25 | $2047120.93               | $10754789.97            |
| 2025-11-26 | $13918619.27              | $1702596.91             |
| 2025-11-28 | $465920.57                | $9639165.73             |

**Total Gross Subscriptions (Month):** $118691816.57

**Total Gross Redemptions (Month):** $147790619.11

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.4500%           |
| 2025-11-04 | 3.4200%           |
| 2025-11-05 | 3.4000%           |
| 2025-11-06 | 3.3800%           |
| 2025-11-07 | 3.3500%           |
| 2025-11-10 | 3.3400%           |
| 2025-11-12 | 3.3400%           |
| 2025-11-13 | 3.3400%           |
| 2025-11-14 | 3.3300%           |
| 2025-11-17 | 3.3300%           |
| 2025-11-18 | 3.3300%           |
| 2025-11-19 | 3.3400%           |
| 2025-11-20 | 3.3400%           |
| 2025-11-21 | 3.3600%           |
| 2025-11-24 | 3.3700%           |
| 2025-11-25 | 3.3700%           |
| 2025-11-26 | 3.3800%           |
| 2025-11-28 | 3.3800%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 100.0000%        | 0.0000%              |

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

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $13865362.12

- **Number of Shares Outstanding:** 13865362.1300

- **Expense Reimbursement/Waiver:** 688.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 0.9999          |
|  |  |
| 2025-11-04 | 0.9999          |
|  |  |
| 2025-11-05 | 1.0000          |
|  |  |
| 2025-11-06 | 0.9999          |
|  |  |
| 2025-11-07 | 0.9998          |
|  |  |
| 2025-11-10 | 0.9999          |
|  |  |
| 2025-11-12 | 0.9999          |
|  |  |
| 2025-11-13 | 0.9999          |
|  |  |
| 2025-11-14 | 0.9998          |
|  |  |
| 2025-11-17 | 1.0000          |
|  |  |
| 2025-11-18 | 1.0000          |
|  |  |
| 2025-11-19 | 1.0000          |
|  |  |
| 2025-11-20 | 0.9999          |
|  |  |
| 2025-11-21 | 0.9998          |
|  |  |
| 2025-11-24 | 0.9999          |
|  |  |
| 2025-11-25 | 0.9999          |
|  |  |
| 2025-11-26 | 0.9999          |
|  |  |
| 2025-11-28 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $355486.18                | $475909.42              |
| 2025-11-04 | $165209.62                | $31086.10               |
| 2025-11-05 | $5664.11                  | $9541.34                |
| 2025-11-06 | $55385.56                 | $51303.60               |
| 2025-11-07 | $76712.64                 | $3367.38                |
| 2025-11-10 | $9998.43                  | $1099182.50             |
| 2025-11-12 | $123300.82                | $77313.94               |
| 2025-11-13 | $636055.73                | $51417.28               |
| 2025-11-14 | $131878.66                | $182649.42              |
| 2025-11-17 | $25531.92                 | $827778.74              |
| 2025-11-18 | $43237.61                 | $40353.45               |
| 2025-11-19 | $7275.53                  | $88367.54               |
| 2025-11-20 | $21881.28                 | $110878.87              |
| 2025-11-21 | $183961.34                | $231898.86              |
| 2025-11-24 | $33865.93                 | $13908.83               |
| 2025-11-25 | $511989.75                | $13600.48               |
| 2025-11-26 | $420319.65                | $4730.98                |
| 2025-11-28 | $129105.02                | $14421.27               |

**Total Gross Subscriptions (Month):** $2936859.78

**Total Gross Redemptions (Month):** $3327710.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 3.5100%           |
| 2025-11-04 | 3.4900%           |
| 2025-11-05 | 3.4600%           |
| 2025-11-06 | 3.4500%           |
| 2025-11-07 | 3.4100%           |
| 2025-11-10 | 3.4000%           |
| 2025-11-12 | 3.4000%           |
| 2025-11-13 | 3.4000%           |
| 2025-11-14 | 3.4000%           |
| 2025-11-17 | 3.4000%           |
| 2025-11-18 | 3.4000%           |
| 2025-11-19 | 3.4000%           |
| 2025-11-20 | 3.4100%           |
| 2025-11-21 | 3.4300%           |
| 2025-11-24 | 3.4300%           |
| 2025-11-25 | 3.4300%           |
| 2025-11-26 | 3.4400%           |
| 2025-11-28 | 3.4500%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 99.2500%         | 0.0000%              |

## 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: 313385QA7, C.4 - ISIN: US313385QA77, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $205313503.78
- **C.18.a - Value (excl. sponsor support):** $205313503.78
- **C.19 - Percentage of Net Assets:** 15.9700%
- **C.17 - Yield as of Reporting Date:** 3.7900%
- **C.11 - Maturity Date (WAM):** 2025-12-03
- **C.12 - Maturity Date (WAL):** 2025-12-03
- **C.13 - Final Legal Maturity Date:** 2025-12-03
- **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 2: 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: 313385QC3, C.4 - ISIN: US313385QC34, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $211465986.66
- **C.18.a - Value (excl. sponsor support):** $211465986.66
- **C.19 - Percentage of Net Assets:** 16.4500%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2025-12-05
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: FHLMC DISCOUNT NOTE

- **C.1 - Title:** FHLMC DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397PY1, C.4 - ISIN: US313397PY19, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $219954288.88
- **C.18.a - Value (excl. sponsor support):** $219954288.88
- **C.19 - Percentage of Net Assets:** 17.1100%
- **C.17 - Yield as of Reporting Date:** 3.7400%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 4: FHLMC DISCOUNT NOTE

- **C.1 - Title:** FHLMC DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397QJ3, C.4 - ISIN: US313397QJ33, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $129832733.33
- **C.18.a - Value (excl. sponsor support):** $129832733.33
- **C.19 - Percentage of Net Assets:** 10.1000%
- **C.17 - Yield as of Reporting Date:** 3.8800%
- **C.11 - Maturity Date (WAM):** 2025-12-11
- **C.12 - Maturity Date (WAL):** 2025-12-11
- **C.13 - Final Legal Maturity Date:** 2025-12-11
- **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: 912797QS9, C.4 - ISIN: US912797QS94, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $203889216.69
- **C.18.a - Value (excl. sponsor support):** $203889216.69
- **C.19 - Percentage of Net Assets:** 15.8600%
- **C.17 - Yield as of Reporting Date:** 3.9100%
- **C.11 - Maturity Date (WAM):** 2025-12-04
- **C.12 - Maturity Date (WAL):** 2025-12-04
- **C.13 - Final Legal Maturity Date:** 2025-12-04
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RR0, C.4 - ISIN: US912797RR03, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $218329622.20
- **C.18.a - Value (excl. sponsor support):** $218329622.20
- **C.19 - Percentage of Net Assets:** 16.9900%
- **C.17 - Yield as of Reporting Date:** 3.8700%
- **C.11 - Maturity Date (WAM):** 2025-12-02
- **C.12 - Maturity Date (WAL):** 2025-12-02
- **C.13 - Final Legal Maturity Date:** 2025-12-02
- **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? Yes, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: FIXED INCOME CLEARING CORPORATION (REPO BNY)

- **C.1 - Title:** FIXED INCOME CLEARING CORPORATION (REPO BNY) 3.950000%
- **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:** 7.7800%
- **C.17 - Yield as of Reporting Date:** 3.9500%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? 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) | 2031-12-31      | 0.0000%  | 0.0000% | $1179300.00        | $1251456.27        | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2029-03-31      | 0.0000%  | 0.0000% | $15000000.00       | $15380716.90       | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2032-02-15      | 0.0000%  | 0.0000% | $73453500.00       | $66355751.77       | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2028-03-31      | 0.0000%  | 0.0000% | $20000000.00       | $19045721.98       | U.S. Treasuries (including strips) |

## N-MFP: Signatures

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

**Date:** 2025-12-03

**By:** /s/James Gallo

**Name of Signing Officer:** James Gallo

**Title of Signing Officer:** Treasurer