# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001193125-26-002076
**Filing Date:** 2026-1
**Character Count:** 58162
**Document Hash:** aa56af1453c6fe4faefca1fd1f1a73a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-002076.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0001193125-26-002076

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 26505096

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Cash Reserves Money Market Fund (Series ID: S000011750)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000032175 | Payden Cash Reserves Money Market Fund (Investor Class) | PBHXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000885709

### General Information

**Report for (YYYY-MM-DD):** 2025-12-31

**Registrant Full Name:** The Payden & Rygel Investment Group

**CIK Number of Registrant:** 0000885709

**LEI of Registrant:** 549300QJNYRKYZS3P282

**Name of Series:** Payden Cash Reserves Money Market Fund

**LEI of Series:** 549300SI0EB26HO5RT16

**EDGAR Series Identifier:** S000011750

**Total number of share classes in the series:** 1

**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            | Payden & Rygel                                               | 801-19762         |
| Independent Public Accountant | Deloitte & Touche LLP<br>City: Chicago<br>State: IL          |  |
| Administrator                 | Treasury Plus, Inc.                                          |  |
| Transfer Agent                | BNY Mellon Investment Servicing (US) Inc.<br>CIK: 0000849542 | 084-01761         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-46973

- **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?:** Yes

- **WAM:** 27 days

- **WAL:** 66 days

- **Total Value of Portfolio Securities:** $328949133.08

- **Amortized Cost of Portfolio Securities:** $328893959.70

- **Cash:** $0.00

- **Total Other Assets:** $1443525.50

- **Total Liabilities:** $38713940.28

- **Net Assets of Series:** $291623544.92

- **Number of Shares Outstanding (Series):** 291658951.4900

- **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?:** Yes

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

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-12-01 | $258827834.83             | $348827834.83              | 67.2000%                  | 90.5600%                   |
| 2025-12-02 | $304415370.88             | $339415370.88              | 81.0100%                  | 90.3200%                   |
| 2025-12-03 | $247609329.87             | $347609329.87              | 64.4900%                  | 90.5400%                   |
| 2025-12-04 | $267922040.61             | $367922040.61              | 66.2700%                  | 91.0100%                   |
| 2025-12-05 | $287084827.72             | $362084827.72              | 71.3300%                  | 89.9700%                   |
| 2025-12-08 | $234207199.12             | $324207199.12              | 64.2400%                  | 88.9300%                   |
| 2025-12-09 | $317640062.41             | $352640062.41              | 80.8200%                  | 89.7300%                   |
| 2025-12-10 | $296738386.75             | $331738386.75              | 79.7500%                  | 89.1600%                   |
| 2025-12-11 | $240556496.26             | $340556496.26              | 63.1500%                  | 89.4000%                   |
| 2025-12-12 | $243641345.36             | $318641345.36              | 67.8600%                  | 88.7400%                   |
| 2025-12-15 | $245786696.80             | $335786696.80              | 65.3300%                  | 89.2600%                   |
| 2025-12-16 | $266531095.00             | $341531095.00              | 69.7800%                  | 89.4200%                   |
| 2025-12-17 | $277714792.34             | $345787984.94              | 71.9100%                  | 89.5300%                   |
| 2025-12-18 | $237936109.38             | $337936109.38              | 62.8900%                  | 89.3200%                   |
| 2025-12-19 | $219841597.29             | $294841597.29              | 65.5600%                  | 87.9300%                   |
| 2025-12-22 | $209584932.29             | $299584932.29              | 61.6300%                  | 88.1000%                   |
| 2025-12-23 | $265795464.74             | $300795464.74              | 77.8800%                  | 88.1400%                   |
| 2025-12-24 | $210865766.96             | $311424243.04              | 60.0300%                  | 88.6600%                   |
| 2025-12-26 | $216122423.89             | $291681003.35              | 65.1800%                  | 87.9700%                   |
| 2025-12-29 | $208792678.94             | $299351292.85              | 61.5500%                  | 88.2500%                   |
| 2025-12-30 | $253877571.23             | $289436219.60              | 77.1000%                  | 87.9000%                   |
| 2025-12-31 | $152875634.95             | $252875634.95              | 52.2300%                  | 86.4000%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-12-01 | 4.0500%             |
| 2025-12-02 | 4.0600%             |
| 2025-12-03 | 4.0600%             |
| 2025-12-04 | 4.0700%             |
| 2025-12-05 | 4.0500%             |
| 2025-12-08 | 4.0500%             |
| 2025-12-09 | 4.0500%             |
| 2025-12-10 | 4.0500%             |
| 2025-12-11 | 4.0300%             |
| 2025-12-12 | 3.9800%             |
| 2025-12-15 | 3.9600%             |
| 2025-12-16 | 3.9400%             |
| 2025-12-17 | 3.9200%             |
| 2025-12-18 | 3.9100%             |
| 2025-12-19 | 3.9000%             |
| 2025-12-22 | 3.9000%             |
| 2025-12-23 | 3.9000%             |
| 2025-12-24 | 3.9000%             |
| 2025-12-26 | 3.9000%             |
| 2025-12-29 | 3.9000%             |
| 2025-12-30 | 3.8900%             |
| 2025-12-31 | 3.8700%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-12-01 | 1.0000                      |
|  |  |
| 2025-12-02 | 1.0001                      |
|  |  |
| 2025-12-03 | 1.0001                      |
|  |  |
| 2025-12-04 | 1.0001                      |
|  |  |
| 2025-12-05 | 1.0001                      |
|  |  |
| 2025-12-08 | 1.0001                      |
|  |  |
| 2025-12-09 | 1.0001                      |
|  |  |
| 2025-12-10 | 1.0001                      |
|  |  |
| 2025-12-11 | 1.0002                      |
|  |  |
| 2025-12-12 | 1.0002                      |
|  |  |
| 2025-12-15 | 1.0002                      |
|  |  |
| 2025-12-16 | 1.0002                      |
|  |  |
| 2025-12-17 | 1.0002                      |
|  |  |
| 2025-12-18 | 1.0002                      |
|  |  |
| 2025-12-19 | 1.0002                      |
|  |  |
| 2025-12-22 | 1.0002                      |
|  |  |
| 2025-12-23 | 1.0002                      |
|  |  |
| 2025-12-24 | 1.0001                      |
|  |  |
| 2025-12-26 | 1.0000                      |
|  |  |
| 2025-12-29 | 1.0000                      |
|  |  |
| 2025-12-30 | 1.0000                      |
|  |  |
| 2025-12-31 | 1.0001                      |
|  |  |

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

### Class: TF

- **Minimum Initial Investment:** $2000.00

- **Net Assets of Class:** $291623544.92

- **Number of Shares Outstanding:** 291658951.4900

- **Expense Reimbursement/Waiver:** 40863.05

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-12-01 | 1.0000          |
|  |  |
| 2025-12-02 | 1.0001          |
|  |  |
| 2025-12-03 | 1.0001          |
|  |  |
| 2025-12-04 | 1.0001          |
|  |  |
| 2025-12-05 | 1.0001          |
|  |  |
| 2025-12-08 | 1.0001          |
|  |  |
| 2025-12-09 | 1.0001          |
|  |  |
| 2025-12-10 | 1.0001          |
|  |  |
| 2025-12-11 | 1.0002          |
|  |  |
| 2025-12-12 | 1.0002          |
|  |  |
| 2025-12-15 | 1.0002          |
|  |  |
| 2025-12-16 | 1.0002          |
|  |  |
| 2025-12-17 | 1.0002          |
|  |  |
| 2025-12-18 | 1.0002          |
|  |  |
| 2025-12-19 | 1.0002          |
|  |  |
| 2025-12-22 | 1.0002          |
|  |  |
| 2025-12-23 | 1.0002          |
|  |  |
| 2025-12-24 | 1.0001          |
|  |  |
| 2025-12-26 | 1.0000          |
|  |  |
| 2025-12-29 | 1.0000          |
|  |  |
| 2025-12-30 | 1.0000          |
|  |  |
| 2025-12-31 | 1.0001          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-12-01 | $173899803.38             | $177781526.35           |
| 2025-12-02 | $144630994.04             | $154076125.49           |
| 2025-12-03 | $149174264.73             | $141054129.45           |
| 2025-12-04 | $167723035.69             | $147418999.25           |
| 2025-12-05 | $157239041.47             | $159088103.12           |
| 2025-12-08 | $121124342.20             | $159058032.75           |
| 2025-12-09 | $152277410.08             | $123873402.06           |
| 2025-12-10 | $132321402.55             | $153296006.33           |
| 2025-12-11 | $142094073.00             | $133305495.22           |
| 2025-12-12 | $139705631.62             | $161684874.12           |
| 2025-12-15 | $152322935.91             | $135220608.44           |
| 2025-12-16 | $153550533.92             | $147836294.39           |
| 2025-12-17 | $157908533.66             | $153690876.73           |
| 2025-12-18 | $152580527.13             | $160480829.00           |
| 2025-12-19 | $142867889.23             | $186017459.38           |
| 2025-12-22 | $147640075.43             | $142936805.14           |
| 2025-12-23 | $156038281.43             | $154853833.14           |
| 2025-12-24 | $167669221.72             | $157728769.78           |
| 2025-12-26 | $147834839.40             | $167669221.72           |
| 2025-12-29 | $174496592.55             | $166870758.84           |
| 2025-12-30 | $147740243.68             | $157458869.72           |
| 2025-12-31 | $142434061.31             | $179059086.46           |

**Total Gross Subscriptions (Month):** $3323273734.13

**Total Gross Redemptions (Month):** $3420460106.88

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-12-01 | 3.8000%           |
| 2025-12-02 | 3.8100%           |
| 2025-12-03 | 3.8100%           |
| 2025-12-04 | 3.8200%           |
| 2025-12-05 | 3.8000%           |
| 2025-12-08 | 3.8000%           |
| 2025-12-09 | 3.8000%           |
| 2025-12-10 | 3.8000%           |
| 2025-12-11 | 3.7800%           |
| 2025-12-12 | 3.7300%           |
| 2025-12-15 | 3.7100%           |
| 2025-12-16 | 3.6900%           |
| 2025-12-17 | 3.6700%           |
| 2025-12-18 | 3.6600%           |
| 2025-12-19 | 3.6500%           |
| 2025-12-22 | 3.6500%           |
| 2025-12-23 | 3.6500%           |
| 2025-12-24 | 3.6500%           |
| 2025-12-26 | 3.6500%           |
| 2025-12-29 | 3.6500%           |
| 2025-12-30 | 3.6400%           |
| 2025-12-31 | 3.6200%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 5.0900%          | 0.0000%              |
| Non-profit                                          |  | 9.3800%          | 0.0000%              |
| Depository institution or other banking institution |  | 6.4800%          | 0.0000%              |
| Depository institution or other banking institution |  | 14.5300%         | 0.0000%              |
| Registered investment company                       |  | 5.6500%          | 0.0000%              |
| Depository institution or other banking institution |  | 5.3700%          | 0.0000%              |
| Registered investment company                       |  | 5.6200%          | 0.0000%              |
| Registered investment company                       |  | 6.8600%          | 0.0000%              |
| Registered investment company                       |  | 8.1600%          | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: DREYFUS TR OBL CSH MGMT-INST

- **C.1 - Title:** DREYFUS TR OBL CSH MGMT-INST 3.633174%
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 261908107, C.4 - ISIN: US2619081076, C.3 - LEI: 549300MKKM9KT7BF6329
- **C.18 - Value (incl. sponsor support):** $40580564.21
- **C.18.a - Value (excl. sponsor support):** $40580564.21
- **C.19 - Percentage of Net Assets:** 13.9200%
- **C.17 - Yield as of Reporting Date:** 3.6300%
- **C.11 - Maturity Date (WAM):** 2026-01-01
- **C.12 - Maturity Date (WAL):** 2026-01-01
- **C.13 - Final Legal Maturity Date:** 2026-01-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 3.700000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B8U26, C.4 - ISIN: US3130B8U261, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4000155.40
- **C.18.a - Value (excl. sponsor support):** $4000155.40
- **C.19 - Percentage of Net Assets:** 1.3700%
- **C.17 - Yield as of Reporting Date:** 3.6900%
- **C.11 - Maturity Date (WAM):** 2027-01-05
- **C.12 - Maturity Date (WAL):** 2027-01-05
- **C.13 - Final Legal Maturity Date:** 2027-01-05
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 3: FEDERAL AGRICULTURAL MORTGAGE CORP

- **C.1 - Title:** FEDERAL AGRICULTURAL MORTGAGE CORP 3.710000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3132X0MX6, C.4 - ISIN: US3132X0MX69, C.3 - LEI: 549300MS654K78GYF580
- **C.18 - Value (incl. sponsor support):** $2713918.93
- **C.18.a - Value (excl. sponsor support):** $2713918.93
- **C.19 - Percentage of Net Assets:** 0.9300%
- **C.17 - Yield as of Reporting Date:** 3.9900%
- **C.11 - Maturity Date (WAM):** 2026-01-06
- **C.12 - Maturity Date (WAL):** 2027-01-06
- **C.13 - Final Legal Maturity Date:** 2027-01-06
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 4: FEDERAL FARM CREDIT BANKS FUNDING CORP

- **C.1 - Title:** FEDERAL FARM CREDIT BANKS FUNDING CORP 3.710000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ERHZ7, C.4 - ISIN: US3133ERHZ74, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $5006410.60
- **C.18.a - Value (excl. sponsor support):** $5006410.60
- **C.19 - Percentage of Net Assets:** 1.7200%
- **C.17 - Yield as of Reporting Date:** 3.7100%
- **C.11 - Maturity Date (WAM):** 2026-03-24
- **C.12 - Maturity Date (WAL):** 2026-06-24
- **C.13 - Final Legal Maturity Date:** 2026-06-24
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 5: FEDERAL HOME LOAN MORTGAGE CORP

- **C.1 - Title:** FEDERAL HOME LOAN MORTGAGE CORP 3.710000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3134HBJ44, C.4 - ISIN: US3134HBJ441, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $8004339.20
- **C.18.a - Value (excl. sponsor support):** $8004339.20
- **C.19 - Percentage of Net Assets:** 2.7400%
- **C.17 - Yield as of Reporting Date:** 3.7100%
- **C.11 - Maturity Date (WAM):** 2026-02-25
- **C.12 - Maturity Date (WAL):** 2027-08-25
- **C.13 - Final Legal Maturity Date:** 2027-08-25
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: FEDERAL HOME LOAN MORTGAGE CORP

- **C.1 - Title:** FEDERAL HOME LOAN MORTGAGE CORP 3.710000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3134HBXW6, C.4 - ISIN: US3134HBXW63, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $10001856.00
- **C.18.a - Value (excl. sponsor support):** $10001856.00
- **C.19 - Percentage of Net Assets:** 3.4300%
- **C.17 - Yield as of Reporting Date:** 3.7100%
- **C.11 - Maturity Date (WAM):** 2026-01-08
- **C.12 - Maturity Date (WAL):** 2027-01-08
- **C.13 - Final Legal Maturity Date:** 2027-01-08
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 2.849000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3137BP4K2, C.4 - ISIN: US3137BP4K27, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $1593050.56
- **C.18.a - Value (excl. sponsor support):** $1593050.56
- **C.19 - Percentage of Net Assets:** 0.5500%
- **C.17 - Yield as of Reporting Date:** 3.9000%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-02
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 8: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 2.920000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3137F4CZ3, C.4 - ISIN: US3137F4CZ38, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $557189.47
- **C.18.a - Value (excl. sponsor support):** $557189.47
- **C.19 - Percentage of Net Assets:** 0.1900%
- **C.17 - Yield as of Reporting Date:** 3.9000%
- **C.11 - Maturity Date (WAM):** 2026-01-01
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 3.786590%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3137FPHF5, C.4 - ISIN: US3137FPHF59, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $1875565.62
- **C.18.a - Value (excl. sponsor support):** $1875565.62
- **C.19 - Percentage of Net Assets:** 0.6400%
- **C.17 - Yield as of Reporting Date:** 4.3800%
- **C.11 - Maturity Date (WAM):** 2026-01-01
- **C.12 - Maturity Date (WAL):** 2026-07-27
- **C.13 - Final Legal Maturity Date:** 2026-07-25
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 10: FANNIE MAE POOL

- **C.1 - Title:** FANNIE MAE POOL 5.290000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 31381RAK0, C.4 - ISIN: US31381RAK05, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $3382112.30
- **C.18.a - Value (excl. sponsor support):** $3382112.30
- **C.19 - Percentage of Net Assets:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 3.8400%
- **C.11 - Maturity Date (WAM):** 2026-05-01
- **C.12 - Maturity Date (WAL):** 2026-05-01
- **C.13 - Final Legal Maturity Date:** 2026-05-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 11: FANNIE MAE POOL

- **C.1 - Title:** FANNIE MAE POOL 2.660000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3138LDGP2, C.4 - ISIN: US3138LDGP20, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $1779442.43
- **C.18.a - Value (excl. sponsor support):** $1779442.43
- **C.19 - Percentage of Net Assets:** 0.6100%
- **C.17 - Yield as of Reporting Date:** 3.8100%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 12: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RA7, C.4 - ISIN: US912797RA77, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 8.5700%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2026-01-02
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-02
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RH2, C.4 - ISIN: US912797RH21, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $29982659.10
- **C.18.a - Value (excl. sponsor support):** $29982659.10
- **C.19 - Percentage of Net Assets:** 10.2800%
- **C.17 - Yield as of Reporting Date:** 3.5200%
- **C.11 - Maturity Date (WAM):** 2026-01-08
- **C.12 - Maturity Date (WAL):** 2026-01-08
- **C.13 - Final Legal Maturity Date:** 2026-01-08
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 14: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RL3, C.4 - ISIN: US912797RL33, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $19933299.60
- **C.18.a - Value (excl. sponsor support):** $19933299.60
- **C.19 - Percentage of Net Assets:** 6.8400%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **C.11 - Maturity Date (WAM):** 2026-02-05
- **C.12 - Maturity Date (WAL):** 2026-02-05
- **C.13 - Final Legal Maturity Date:** 2026-02-05
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 15: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SN8, C.4 - ISIN: US912797SN89, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9885137.90
- **C.18.a - Value (excl. sponsor support):** $9885137.90
- **C.19 - Percentage of Net Assets:** 3.3900%
- **C.17 - Yield as of Reporting Date:** 3.6200%
- **C.11 - Maturity Date (WAM):** 2026-04-30
- **C.12 - Maturity Date (WAL):** 2026-04-30
- **C.13 - Final Legal Maturity Date:** 2026-04-30
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 16: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797ST5, C.4 - ISIN: US912797ST59, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $19882121.20
- **C.18.a - Value (excl. sponsor support):** $19882121.20
- **C.19 - Percentage of Net Assets:** 6.8200%
- **C.17 - Yield as of Reporting Date:** 3.6200%
- **C.11 - Maturity Date (WAM):** 2026-03-03
- **C.12 - Maturity Date (WAL):** 2026-03-03
- **C.13 - Final Legal Maturity Date:** 2026-03-03
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 17: UNITED STATES TREASURY BILL- WHEN ISSUED

- **C.1 - Title:** UNITED STATES TREASURY BILL- WHEN ISSUED 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TA5, C.4 - ISIN: US912797TA59, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $17857793.70
- **C.18.a - Value (excl. sponsor support):** $17857793.70
- **C.19 - Percentage of Net Assets:** 6.1200%
- **C.17 - Yield as of Reporting Date:** 3.6000%
- **C.11 - Maturity Date (WAM):** 2026-03-24
- **C.12 - Maturity Date (WAL):** 2026-03-24
- **C.13 - Final Legal Maturity Date:** 2026-03-24
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 18: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797TG2, C.4 - ISIN: US912797TG20, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $9907409.40
- **C.18.a - Value (excl. sponsor support):** $9907409.40
- **C.19 - Percentage of Net Assets:** 3.4000%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **C.11 - Maturity Date (WAM):** 2026-04-07
- **C.12 - Maturity Date (WAL):** 2026-04-07
- **C.13 - Final Legal Maturity Date:** 2026-04-07
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 19: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 3.784149%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CLA7, C.4 - ISIN: US91282CLA70, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $4001488.76
- **C.18.a - Value (excl. sponsor support):** $4001488.76
- **C.19 - Percentage of Net Assets:** 1.3700%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2026-01-06
- **C.12 - Maturity Date (WAL):** 2026-07-31
- **C.13 - Final Legal Maturity Date:** 2026-07-31
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 20: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 3.762149%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CMX6, C.4 - ISIN: US91282CMX64, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $5002007.10
- **C.18.a - Value (excl. sponsor support):** $5002007.10
- **C.19 - Percentage of Net Assets:** 1.7200%
- **C.17 - Yield as of Reporting Date:** 3.7300%
- **C.11 - Maturity Date (WAM):** 2026-01-06
- **C.12 - Maturity Date (WAL):** 2027-04-30
- **C.13 - Final Legal Maturity Date:** 2027-04-30
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 21: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 3.761149%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CNQ0, C.4 - ISIN: US91282CNQ05, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $4002611.60
- **C.18.a - Value (excl. sponsor support):** $4002611.60
- **C.19 - Percentage of Net Assets:** 1.3700%
- **C.17 - Yield as of Reporting Date:** 3.7200%
- **C.11 - Maturity Date (WAM):** 2026-01-06
- **C.12 - Maturity Date (WAL):** 2027-08-02
- **C.13 - Final Legal Maturity Date:** 2027-07-31
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 22: MITSUBISHI UFJ FINANCIAL GROUP

- **C.1 - Title:** MUFGCA 3.74 01/05/26 RP 3.740000%
- **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: REPO25122, C.5 - Other ID: REPO251229010537
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 8.5700%
- **C.17 - Yield as of Reporting Date:** 3.7400%
- **C.11 - Maturity Date (WAM):** 2026-01-05
- **C.12 - Maturity Date (WAL):** 2026-01-05
- **C.13 - Final Legal Maturity Date:** 2026-01-05
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **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

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

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                            |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2029-11-15      | 1.7500%  | 0.0000% | $100.00            | $93.69             | U.S. Treasuries (including strips)  |
| FMAC          | 2048-07-01      | 4.0000%  | 0.0000% | $1000.00           | $149.79            | Agency Debentures and Agency Strips |
| USTR          | 2040-11-15      | 1.3750%  | 0.0000% | $6600.00           | $4315.37           | U.S. Treasuries (including strips)  |
| USTR          | 2028-03-31      | 1.2500%  | 0.0000% | $100.00            | $95.54             | U.S. Treasuries (including strips)  |
| USTR          | 2028-12-31      | 1.3750%  | 0.0000% | $100.00            | $93.96             | U.S. Treasuries (including strips)  |
| USTR          | 2027-02-28      | 1.8750%  | 0.0000% | $30500.00          | $30131.38          | U.S. Treasuries (including strips)  |
| GNMA          | 2052-04-20      | 3.5000%  | 0.0000% | $1000.00           | $688.07            | Agency Debentures and Agency Strips |
| USTR          | 2042-08-15      | 3.3750%  | 0.0000% | $200.00            | $172.38            | U.S. Treasuries (including strips)  |
| USTR          | 2027-10-31      | 4.1250%  | 0.0000% | $125600.00         | $127899.36         | U.S. Treasuries (including strips)  |
| USTR          | 2030-02-28      | 4.0000%  | 0.0000% | $100.00            | $102.77            | U.S. Treasuries (including strips)  |
| USTR          | 2026-03-15      | 4.6250%  | 0.0000% | $6534700.00        | $6635044.11        | U.S. Treasuries (including strips)  |
| FMAC          | 2053-06-01      | 5.5000%  | 0.0000% | $1024.00           | $802.90            | Agency Debentures and Agency Strips |
| FNMA          | 2052-10-01      | 4.5000%  | 0.0000% | $1000.00           | $809.70            | Agency Debentures and Agency Strips |
| FNMA          | 2052-08-01      | 5.0000%  | 0.0000% | $1022.00           | $724.11            | Agency Debentures and Agency Strips |
| USTR          | 2043-08-15      | 4.3750%  | 0.0000% | $7537300.00        | $7360446.68        | U.S. Treasuries (including strips)  |
| USTR          | 2028-08-31      | 4.3750%  | 0.0000% | $200.00            | $207.31            | U.S. Treasuries (including strips)  |
| USTR          | 2043-11-15      | 4.7500%  | 0.0000% | $159000.00         | $160758.53         | U.S. Treasuries (including strips)  |
| FNMA          | 2052-09-01      | 5.0000%  | 0.0000% | $541758.00         | $419968.40         | Agency Debentures and Agency Strips |
| USTR          | 2034-05-15      | 4.3750%  | 0.0000% | $1000.00           | $1030.51           | U.S. Treasuries (including strips)  |
| GNMA          | 2054-01-20      | 4.5000%  | 0.0000% | $1000.00           | $904.81            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 3.0000%  | 0.0000% | $100854.00         | $77255.70          | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.5000%  | 0.0000% | $1000.00           | $476.60            | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 6.5000%  | 0.0000% | $2816.00           | $2491.95           | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 6.0000%  | 0.0000% | $273708.00         | $251465.28         | Agency Debentures and Agency Strips |
| FNMA          | 2052-06-01      | 3.0000%  | 0.0000% | $42265.00          | $32864.30          | Agency Debentures and Agency Strips |
| FNMA          | 2054-05-01      | 5.5000%  | 0.0000% | $179542.00         | $156534.80         | Agency Debentures and Agency Strips |
| FNMA          | 2052-09-01      | 4.5000%  | 0.0000% | $1983478.00        | $1606450.98        | Agency Debentures and Agency Strips |
| FMAC          | 2054-01-01      | 5.5000%  | 0.0000% | $1043.00           | $914.23            | Agency Debentures and Agency Strips |
| FNMA          | 2051-04-01      | 4.5000%  | 0.0000% | $1181988.00        | $98967.27          | Agency Debentures and Agency Strips |
| GNMA          | 2054-09-20      | 5.0000%  | 0.0000% | $1000.00           | $917.51            | Agency Debentures and Agency Strips |
| FNMA          | 2037-01-01      | 2.0000%  | 0.0000% | $155089.00         | $83503.64          | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 5.5000%  | 0.0000% | $932340.00         | $857680.67         | Agency Debentures and Agency Strips |
| USTR          | 2031-12-31      | 4.5000%  | 0.0000% | $14000.00          | $14516.95          | U.S. Treasuries (including strips)  |
| FMAC          | 2048-02-01      | 4.0000%  | 0.0000% | $7597.00           | $1523.59           | Agency Debentures and Agency Strips |
| FMAC          | 2052-04-01      | 3.0000%  | 0.0000% | $141760.00         | $99443.05          | Agency Debentures and Agency Strips |
| FMAC          | 2053-06-01      | 5.0000%  | 0.0000% | $179954.00         | $145964.86         | Agency Debentures and Agency Strips |
| FNMA          | 2052-05-01      | 4.5000%  | 0.0000% | $1024.00           | $728.22            | Agency Debentures and Agency Strips |
| FMAC          | 2053-08-01      | 5.0000%  | 0.0000% | $1008.00           | $789.27            | Agency Debentures and Agency Strips |
| FMAC          | 2053-11-01      | 6.5000%  | 0.0000% | $1000.00           | $762.75            | Agency Debentures and Agency Strips |
| FNMA          | 2051-07-01      | 2.5000%  | 0.0000% | $95598.00          | $61915.00          | Agency Debentures and Agency Strips |
| FNMA          | 2052-04-01      | 3.5000%  | 0.0000% | $115848.00         | $88345.56          | Agency Debentures and Agency Strips |
| FNMA          | 2041-05-01      | 2.5000%  | 0.0000% | $1000.00           | $586.42            | Agency Debentures and Agency Strips |
| FMAC          | 2054-05-01      | 7.0000%  | 0.0000% | $2083804.00        | $1678092.43        | Agency Debentures and Agency Strips |
| GNMA          | 2053-08-20      | 6.0000%  | 0.0000% | $1000.00           | $954.36            | Agency Debentures and Agency Strips |
| GNMA          | 2051-10-20      | 3.5000%  | 0.0000% | $189328.00         | $136567.73         | Agency Debentures and Agency Strips |
| GNMA          | 2055-01-20      | 5.5000%  | 0.0000% | $78000.00          | $67214.68          | Agency Debentures and Agency Strips |
| GNMA          | 2055-03-20      | 5.5000%  | 0.0000% | $58284.00          | $50235.15          | Agency Debentures and Agency Strips |
| FMAC          | 2055-03-01      | 6.0000%  | 0.0000% | $32400.00          | $30130.31          | Agency Debentures and Agency Strips |
| FMAC          | 2054-06-01      | 6.5000%  | 0.0000% | $305785.00         | $253653.13         | Agency Debentures and Agency Strips |
| FNMA          | 2054-06-01      | 5.5000%  | 0.0000% | $1008.00           | $926.33            | Agency Debentures and Agency Strips |
| FNMA          | 2051-02-01      | 2.0000%  | 0.0000% | $376471.00         | $226225.35         | Agency Debentures and Agency Strips |
| FNMA          | 2051-05-01      | 2.5000%  | 0.0000% | $1001.00           | $582.30            | Agency Debentures and Agency Strips |
| FNMA          | 2053-11-01      | 6.0000%  | 0.0000% | $1000.00           | $659.63            | Agency Debentures and Agency Strips |
| FNMA          | 2055-01-01      | 5.0000%  | 0.0000% | $1000.00           | $979.44            | Agency Debentures and Agency Strips |
| FMAC          | 2055-02-01      | 5.5000%  | 0.0000% | $253300.00         | $239406.92         | Agency Debentures and Agency Strips |
| FMAC          | 2054-09-01      | 6.0000%  | 0.0000% | $5436.00           | $4566.33           | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.0000%  | 0.0000% | $2164498.00        | $1581495.35        | Agency Debentures and Agency Strips |
| FMAC          | 2054-07-01      | 5.5000%  | 0.0000% | $15584.00          | $13893.32          | Agency Debentures and Agency Strips |
| FNMA          | 2054-02-01      | 6.5000%  | 0.0000% | $26739.00          | $21175.54          | Agency Debentures and Agency Strips |
| GNMA          | 2055-05-20      | 5.5000%  | 0.0000% | $7275.00           | $7225.50           | Agency Debentures and Agency Strips |
| USTR          | 2032-05-31      | 4.1250%  | 0.0000% | $1886300.00        | $1922064.34        | U.S. Treasuries (including strips)  |
| GNMA          | 2055-04-20      | 5.0000%  | 0.0000% | $53800.00          | $52850.06          | Agency Debentures and Agency Strips |
| FMAC          | 2054-02-01      | 6.5000%  | 0.0000% | $1000.00           | $746.20            | Agency Debentures and Agency Strips |
| FMAC          | 2029-08-06      | 4.0000%  | 0.0000% | $31000.00          | $31418.29          | Agency Debentures and Agency Strips |
| FMAC          | 2051-03-01      | 2.5000%  | 0.0000% | $32350.00          | $16524.41          | Agency Debentures and Agency Strips |
| FNMA          | 2050-12-01      | 2.5000%  | 0.0000% | $2620.00           | $1442.41           | Agency Debentures and Agency Strips |
| FNMA          | 2055-06-01      | 6.0000%  | 0.0000% | $271832.00         | $247750.05         | Agency Debentures and Agency Strips |
| FNMA          | 2041-06-01      | 2.5000%  | 0.0000% | $90364.00          | $51741.99          | Agency Debentures and Agency Strips |
| GNMA          | 2055-01-20      | 5.0000%  | 0.0000% | $20475.00          | $19397.26          | Agency Debentures and Agency Strips |
| FMAC          | 2054-06-01      | 6.5000%  | 0.0000% | $1000.00           | $846.28            | Agency Debentures and Agency Strips |
| FNMA          | 2048-07-01      | 4.5000%  | 0.0000% | $1350528.00        | $409006.87         | Agency Debentures and Agency Strips |
| FNMA          | 2051-12-01      | 2.0000%  | 0.0000% | $35072.00          | $22696.52          | Agency Debentures and Agency Strips |
| FMAC          | 2055-05-01      | 6.5000%  | 0.0000% | $2752.00           | $2573.65           | Agency Debentures and Agency Strips |
| GNMA          | 2051-12-20      | 3.5000%  | 0.0000% | $1000.00           | $812.98            | Agency Debentures and Agency Strips |
| FNMA          | 2053-04-01      | 5.0000%  | 0.0000% | $1000.00           | $831.70            | Agency Debentures and Agency Strips |
| FNMA          | 2042-08-01      | 2.0000%  | 0.0000% | $96300.00          | $73857.49          | Agency Debentures and Agency Strips |
| FMAC          | 2055-08-01      | 5.5000%  | 0.0000% | $1008.00           | $1013.00           | Agency Debentures and Agency Strips |
| FMAC          | 2055-09-01      | 6.5000%  | 0.0000% | $1000.00           | $1028.53           | Agency Debentures and Agency Strips |
| GNMA          | 2055-01-20      | 4.5000%  | 0.0000% | $1000.00           | $950.43            | Agency Debentures and Agency Strips |

### Security 23: GOLDMAN, SACHS & CO

- **C.1 - Title:** GOLDMN 3.71 01/06/26 RP 3.710000%
- **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: REPO25123, C.5 - Other ID: REPO251230010637
- **C.18 - Value (incl. sponsor support):** $10000000.00
- **C.18.a - Value (excl. sponsor support):** $10000000.00
- **C.19 - Percentage of Net Assets:** 3.4300%
- **C.17 - Yield as of Reporting Date:** 3.7100%
- **C.11 - Maturity Date (WAM):** 2026-01-06
- **C.12 - Maturity Date (WAL):** 2026-01-06
- **C.13 - Final Legal Maturity Date:** 2026-01-06
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **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

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

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                            |
|:---|:---|:---|:---|:---|:---|:---|
| GNMA          | 2057-07-15      | 2.5700%  | 0.0000% | $12178279.00       | $10200000.20       | Agency Debentures and Agency Strips |

### Security 24: BMO CAPITAL MARKETS CORP.

- **C.1 - Title:** BMOCPM 3.82 01/02/26 RP 3.820000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25123, C.5 - Other ID: REPO251231010238
- **C.18 - Value (incl. sponsor support):** $4000000.00
- **C.18.a - Value (excl. sponsor support):** $4000000.00
- **C.19 - Percentage of Net Assets:** 1.3700%
- **C.17 - Yield as of Reporting Date:** 3.8200%
- **C.11 - Maturity Date (WAM):** 2026-01-02
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-02
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2031-12-31      | 4.5000%  | 0.0000% | $3932400.00        | $4080022.30        | U.S. Treasuries (including strips) |

### Security 25: CIBC WORLD MARKETS CORP

- **C.1 - Title:** CM 3.70 01/07/26 RP 3.700000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25123, C.5 - Other ID: REPO251231010737
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 8.5700%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2026-01-07
- **C.12 - Maturity Date (WAL):** 2026-01-07
- **C.13 - Final Legal Maturity Date:** 2026-01-07
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **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

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

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2028-01-15      | 1.7500%  | 0.0000% | $547300.00         | $863966.89         | U.S. Treasuries (including strips) |
| USTR          | 2027-01-15      | 2.3750%  | 0.0000% | $104200.00         | $171425.20         | U.S. Treasuries (including strips) |
| USTR          | 2045-05-15      | 3.0000%  | 0.0000% | $200.00            | $155.49            | U.S. Treasuries (including strips) |
| USTR          | 2045-08-15      | 2.8750%  | 0.0000% | $4966200.00        | $3798637.69        | U.S. Treasuries (including strips) |
| USTR          | 2026-07-15      | 0.1250%  | 0.0000% | $200.00            | $270.25            | U.S. Treasuries (including strips) |
| USTR          | 2029-07-15      | 0.2500%  | 0.0000% | $200.00            | $245.80            | U.S. Treasuries (including strips) |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $1432500.00        | $1359249.41        | U.S. Treasuries (including strips) |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $19700.00          | $18692.64          | U.S. Treasuries (including strips) |
| USTR          | 2028-05-31      | 1.2500%  | 0.0000% | $99100.00          | $94109.97          | U.S. Treasuries (including strips) |
| USTR          | 2041-08-15      | 1.7500%  | 0.0000% | $7802900.00        | $5344553.44        | U.S. Treasuries (including strips) |
| USTR          | 2028-12-31      | 1.3750%  | 0.0000% | $200.00            | $187.92            | U.S. Treasuries (including strips) |
| USTR          | 2042-05-15      | 3.2500%  | 0.0000% | $5037200.00        | $4243447.26        | U.S. Treasuries (including strips) |
| USTR          | 2029-12-31      | 3.8750%  | 0.0000% | $179600.00         | $181339.07         | U.S. Treasuries (including strips) |
| USTR          | 2043-08-15      | 4.3750%  | 0.0000% | $100800.00         | $98434.85          | U.S. Treasuries (including strips) |
| USTR          | 2028-10-15      | 2.3750%  | 0.0000% | $51200.00          | $56358.37          | U.S. Treasuries (including strips) |
| USTR          | 2029-05-31      | 4.5000%  | 0.0000% | $102600.00         | $106062.90         | U.S. Treasuries (including strips) |
| USTR          | 2044-05-15      | 4.6250%  | 0.0000% | $3930300.00        | $3901424.37        | U.S. Treasuries (including strips) |
| USTR          | 2034-08-15      | 3.8750%  | 0.0000% | $501800.00         | $502905.09         | U.S. Treasuries (including strips) |
| USTR          | 2031-09-30      | 3.6250%  | 0.0000% | $100.00            | $100.11            | U.S. Treasuries (including strips) |
| USTR          | 2029-08-31      | 3.6250%  | 0.0000% | $2700.00           | $2736.07           | U.S. Treasuries (including strips) |
| USTR          | 2026-10-31      | 3.8071%  | 0.0000% | $48900.00          | $49268.19          | U.S. Treasuries (including strips) |
| USTR          | 2027-10-15      | 3.8750%  | 0.0000% | $100.00            | $101.52            | U.S. Treasuries (including strips) |
| USTR          | 2032-01-31      | 4.3750%  | 0.0000% | $100.00            | $104.81            | U.S. Treasuries (including strips) |
| USTR          | 2035-02-15      | 4.6250%  | 0.0000% | $800.00            | $846.95            | U.S. Treasuries (including strips) |
| USTR          | 2035-05-15      | 4.2500%  | 0.0000% | $900.00            | $915.32            | U.S. Treasuries (including strips) |
| USTR          | 2030-04-15      | 1.6250%  | 0.0000% | $2426500.00        | $2506058.94        | U.S. Treasuries (including strips) |
| USTR          | 2027-06-30      | 3.7500%  | 0.0000% | $36700.00          | $36847.46          | U.S. Treasuries (including strips) |
| USTR          | 2027-08-31      | 3.6250%  | 0.0000% | $2129900.00        | $2161183.65        | U.S. Treasuries (including strips) |
| USTR          | 2028-11-15      | 3.5000%  | 0.0000% | $100.00            | $100.41            | U.S. Treasuries (including strips) |
| USTR          | 2032-12-31      | 3.8750%  | 0.0000% | $300.00            | $299.44            | U.S. Treasuries (including strips) |

### Security 26: CIT GROUPMKTS

- **C.1 - Title:** CITGMK 3.72 01/07/26 RP 3.720000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25123, C.5 - Other ID: REPO251231010737_1
- **C.18 - Value (incl. sponsor support):** $40000000.00
- **C.18.a - Value (excl. sponsor support):** $40000000.00
- **C.19 - Percentage of Net Assets:** 13.7200%
- **C.17 - Yield as of Reporting Date:** 3.7200%
- **C.11 - Maturity Date (WAM):** 2026-01-07
- **C.12 - Maturity Date (WAL):** 2026-01-07
- **C.13 - Final Legal Maturity Date:** 2026-01-07
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **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

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

- **Is Open?:** No

- **Is Cleared?:** No

- **Is Tri-party?:** No

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2028-11-30      | 1.5000%  | 0.0000% | $29277200.00       | $27692819.60       | U.S. Treasuries (including strips) |
| USTR          | 2028-01-15      | 4.2500%  | 0.0000% | $12667400.00       | $13107182.52       | U.S. Treasuries (including strips) |

## N-MFP: Signatures

**Registrant:** The Payden & Rygel Investment Group

**Date:** 2026-01-07

**By:** Sandi Brents

**Name of Signing Officer:** Sandi Brents

**Title of Signing Officer:** Chief Compliance Officer