# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001145549-25-038412
**Filing Date:** 2025-6
**Character Count:** 55682
**Document Hash:** 4dfbaf7159aa8251eb26911c470cc014
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-038412.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0001145549-25-038412

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**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:** 251022061

**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):** 2025-05-30

**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:** 29 days

- **WAL:** 41 days

- **Total Value of Portfolio Securities:** $349238789.06

- **Amortized Cost of Portfolio Securities:** $403201778.61

- **Cash:** $254604.11

- **Total Other Assets:** $1611503.26

- **Total Liabilities:** $1740603.09

- **Net Assets of Series:** $403327282.89

- **Number of Shares Outstanding (Series):** 403345000.1500

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-05-01 | $297161698.12             | $417051171.10              | 64.9200%                  | 91.1100%                   |
| 2025-05-02 | $321731129.36             | $411620652.59              | 71.1200%                  | 90.9800%                   |
| 2025-05-05 | $280856183.89             | $390745723.86              | 65.0900%                  | 90.5500%                   |
| 2025-05-06 | $311791444.08             | $406681000.80              | 69.6900%                  | 90.9000%                   |
| 2025-05-07 | $354797058.61             | $414686632.09              | 77.9100%                  | 91.0600%                   |
| 2025-05-08 | $317091478.03             | $401981068.25              | 71.6300%                  | 90.8100%                   |
| 2025-05-09 | $346078272.80             | $400967913.27              | 78.3500%                  | 90.7700%                   |
| 2025-05-12 | $368831437.91             | $443721095.13              | 76.1300%                  | 91.5900%                   |
| 2025-05-13 | $369302585.65             | $424192259.61              | 79.4300%                  | 91.2300%                   |
| 2025-05-14 | $345098407.18             | $404988097.90              | 77.4200%                  | 90.8600%                   |
| 2025-05-15 | $380724420.13             | $465614127.60              | 75.1900%                  | 91.9500%                   |
| 2025-05-16 | $422132483.53             | $477022241.25              | 81.5100%                  | 92.1100%                   |
| 2025-05-19 | $398718405.83             | $473608180.29              | 77.5000%                  | 92.0600%                   |
| 2025-05-20 | $330189996.40             | $385079787.62              | 77.5300%                  | 90.4200%                   |
| 2025-05-21 | $337141313.27             | $397031121.24              | 77.0000%                  | 90.6800%                   |
| 2025-05-22 | $321950859.58             | $376840684.29              | 77.0800%                  | 90.2300%                   |
| 2025-05-23 | $328029211.83             | $374165382.32              | 79.2700%                  | 90.4100%                   |
| 2025-05-27 | $334648898.50             | $390164408.01              | 77.9400%                  | 90.8700%                   |
| 2025-05-28 | $322063997.76             | $382579533.08              | 76.3600%                  | 90.7100%                   |
| 2025-05-29 | $288058652.03             | $373574213.17              | 69.7900%                  | 90.5000%                   |
| 2025-05-30 | $310560398.00             | $365870969.74              | 76.6600%                  | 90.3100%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-05-01 | 4.3000%             |
| 2025-05-02 | 4.3500%             |
| 2025-05-05 | 4.3600%             |
| 2025-05-06 | 4.3600%             |
| 2025-05-07 | 4.3600%             |
| 2025-05-08 | 4.3600%             |
| 2025-05-09 | 4.3500%             |
| 2025-05-12 | 4.3300%             |
| 2025-05-13 | 4.3300%             |
| 2025-05-14 | 4.3300%             |
| 2025-05-15 | 4.3300%             |
| 2025-05-16 | 4.3300%             |
| 2025-05-19 | 4.3200%             |
| 2025-05-20 | 4.3200%             |
| 2025-05-21 | 4.3200%             |
| 2025-05-22 | 4.3300%             |
| 2025-05-23 | 4.3300%             |
| 2025-05-27 | 4.3500%             |
| 2025-05-28 | 4.3500%             |
| 2025-05-29 | 4.3500%             |
| 2025-05-30 | 4.3400%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-05-01 | 1.0000                      |
|  |  |
| 2025-05-02 | 1.0000                      |
|  |  |
| 2025-05-05 | 1.0000                      |
|  |  |
| 2025-05-06 | 1.0000                      |
|  |  |
| 2025-05-07 | 1.0000                      |
|  |  |
| 2025-05-08 | 1.0000                      |
|  |  |
| 2025-05-09 | 1.0000                      |
|  |  |
| 2025-05-12 | 1.0000                      |
|  |  |
| 2025-05-13 | 1.0000                      |
|  |  |
| 2025-05-14 | 1.0000                      |
|  |  |
| 2025-05-15 | 1.0000                      |
|  |  |
| 2025-05-16 | 1.0000                      |
|  |  |
| 2025-05-19 | 1.0000                      |
|  |  |
| 2025-05-20 | 1.0000                      |
|  |  |
| 2025-05-21 | 1.0000                      |
|  |  |
| 2025-05-22 | 1.0000                      |
|  |  |
| 2025-05-23 | 1.0000                      |
|  |  |
| 2025-05-27 | 1.0000                      |
|  |  |
| 2025-05-28 | 1.0000                      |
|  |  |
| 2025-05-29 | 1.0000                      |
|  |  |
| 2025-05-30 | 1.0000                      |
|  |  |

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

### Class: TF

- **Minimum Initial Investment:** $2000.00

- **Net Assets of Class:** $403327282.89

- **Number of Shares Outstanding:** 403345000.1500

- **Expense Reimbursement/Waiver:** 52215.75

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 1.0000          |
|  |  |
| 2025-05-02 | 1.0000          |
|  |  |
| 2025-05-05 | 1.0000          |
|  |  |
| 2025-05-06 | 1.0000          |
|  |  |
| 2025-05-07 | 1.0000          |
|  |  |
| 2025-05-08 | 1.0000          |
|  |  |
| 2025-05-09 | 1.0000          |
|  |  |
| 2025-05-12 | 1.0000          |
|  |  |
| 2025-05-13 | 1.0000          |
|  |  |
| 2025-05-14 | 1.0000          |
|  |  |
| 2025-05-15 | 1.0000          |
|  |  |
| 2025-05-16 | 1.0000          |
|  |  |
| 2025-05-19 | 1.0000          |
|  |  |
| 2025-05-20 | 1.0000          |
|  |  |
| 2025-05-21 | 1.0000          |
|  |  |
| 2025-05-22 | 1.0000          |
|  |  |
| 2025-05-23 | 1.0000          |
|  |  |
| 2025-05-27 | 1.0000          |
|  |  |
| 2025-05-28 | 1.0000          |
|  |  |
| 2025-05-29 | 1.0000          |
|  |  |
| 2025-05-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $222630642.83             | $193492340.68           |
| 2025-05-02 | $209664560.48             | $215166265.38           |
| 2025-05-05 | $194858260.66             | $215802659.22           |
| 2025-05-06 | $212068022.55             | $196158260.66           |
| 2025-05-07 | $215996408.45             | $208039743.94           |
| 2025-05-08 | $189416040.48             | $202205324.04           |
| 2025-05-09 | $183971808.74             | $185062238.18           |
| 2025-05-12 | $226899729.36             | $184220425.70           |
| 2025-05-13 | $226615069.05             | $246185044.68           |
| 2025-05-14 | $215083552.13             | $234345569.21           |
| 2025-05-15 | $281744187.67             | $221170603.61           |
| 2025-05-16 | $289211943.90             | $277882308.85           |
| 2025-05-19 | $287474244.11             | $290966253.52           |
| 2025-05-20 | $201031792.73             | $289649652.41           |
| 2025-05-21 | $212438939.99             | $200542451.67           |
| 2025-05-22 | $195334356.26             | $215576114.37           |
| 2025-05-23 | $192546156.12             | $196574026.37           |
| 2025-05-27 | $207738172.02             | $192256953.97           |
| 2025-05-28 | $197789932.79             | $205410290.59           |
| 2025-05-29 | $183635827.80             | $192691235.04           |
| 2025-05-30 | $182213460.20             | $189966196.61           |

**Total Gross Subscriptions (Month):** $4528363108.32

**Total Gross Redemptions (Month):** $4553363958.70

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.0500%           |
| 2025-05-02 | 4.1100%           |
| 2025-05-05 | 4.1100%           |
| 2025-05-06 | 4.1100%           |
| 2025-05-07 | 4.1100%           |
| 2025-05-08 | 4.1100%           |
| 2025-05-09 | 4.0800%           |
| 2025-05-12 | 4.0800%           |
| 2025-05-13 | 4.0800%           |
| 2025-05-14 | 4.0800%           |
| 2025-05-15 | 4.0800%           |
| 2025-05-16 | 4.0700%           |
| 2025-05-19 | 4.0700%           |
| 2025-05-20 | 4.0700%           |
| 2025-05-21 | 4.0700%           |
| 2025-05-22 | 4.0800%           |
| 2025-05-23 | 4.1100%           |
| 2025-05-27 | 4.1000%           |
| 2025-05-28 | 4.1000%           |
| 2025-05-29 | 4.1000%           |
| 2025-05-30 | 4.0900%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 7.4300%          | 0.0000%              |
| Depository institution or other banking institution |  | 19.2900%         | 0.0000%              |
| Registered investment company                       |  | 5.0300%          | 0.0000%              |
| Registered investment company                       |  | 21.0100%         | 0.0000%              |
| Depository institution or other banking institution |  | 6.3300%          | 0.0000%              |
| Non-profit                                          |  | 6.6300%          | 0.0000%              |
| Registered investment company                       |  | 5.7500%          | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: DREYFUS TREASURY CASH MANAGEMENT

- **C.1 - Title:** DREYFUS TR OBL CSH MGMT-INST 4.182937%
- **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):** $3319882.44
- **C.18.a - Value (excl. sponsor support):** $3319882.44
- **C.19 - Percentage of Net Assets:** 0.8200%
- **C.17 - Yield as of Reporting Date:** 4.1800%
- **C.11 - Maturity Date (WAM):** 2025-05-31
- **C.12 - Maturity Date (WAL):** 2025-05-31
- **C.13 - Final Legal Maturity Date:** 2025-05-31
- **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 2: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.330000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130AWLH1, C.4 - ISIN: US3130AWLH13, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4500720.99
- **C.18.a - Value (excl. sponsor support):** $4500720.99
- **C.19 - Percentage of Net Assets:** 1.1200%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-05-31
- **C.12 - Maturity Date (WAL):** 2025-07-10
- **C.13 - Final Legal Maturity Date:** 2025-07-10
- **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? No, C.23 Categorized at Level 3? No

### Security 3: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.330000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B2HG3, C.4 - ISIN: US3130B2HG32, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4500072.23
- **C.18.a - Value (excl. sponsor support):** $4500072.23
- **C.19 - Percentage of Net Assets:** 1.1200%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2025-08-20
- **C.12 - Maturity Date (WAL):** 2026-08-20
- **C.13 - Final Legal Maturity Date:** 2026-08-20
- **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 HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.330000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B2RU1, C.4 - ISIN: US3130B2RU16, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4001098.48
- **C.18.a - Value (excl. sponsor support):** $4001098.48
- **C.19 - Percentage of Net Assets:** 0.9900%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2025-06-18
- **C.12 - Maturity Date (WAL):** 2026-09-18
- **C.13 - Final Legal Maturity Date:** 2026-09-18
- **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 BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.350000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B4UV1, C.4 - ISIN: US3130B4UV18, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $3493912.07
- **C.18.a - Value (excl. sponsor support):** $3493912.07
- **C.19 - Percentage of Net Assets:** 0.8700%
- **C.17 - Yield as of Reporting Date:** 4.6000%
- **C.11 - Maturity Date (WAM):** 2026-03-02
- **C.12 - Maturity Date (WAL):** 2026-03-02
- **C.13 - Final Legal Maturity Date:** 2026-03-02
- **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? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 0.000000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B5TD0, C.4 - ISIN: US3130B5TD04, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $8000408.48
- **C.18.a - Value (excl. sponsor support):** $8000408.48
- **C.19 - Percentage of Net Assets:** 1.9800%
- **C.17 - Yield as of Reporting Date:** 4.0300%
- **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? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: FEDERAL FARM CREDIT BANKS FUNDING CORP

- **C.1 - Title:** FEDERAL FARM CREDIT BANKS FUNDING CORP 4.330000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133EPY58, C.4 - ISIN: US3133EPY589, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $4501943.19
- **C.18.a - Value (excl. sponsor support):** $4501943.19
- **C.19 - Percentage of Net Assets:** 1.1200%
- **C.17 - Yield as of Reporting Date:** 4.3700%
- **C.11 - Maturity Date (WAM):** 2025-07-29
- **C.12 - Maturity Date (WAL):** 2025-10-29
- **C.13 - Final Legal Maturity Date:** 2025-10-29
- **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? No, C.23 Categorized at Level 3? No

### Security 8: FEDERAL FARM CREDIT BANKS FUNDING CORP

- **C.1 - Title:** FEDERAL FARM CREDIT BANKS FUNDING CORP 4.330000%
- **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):** $5003285.80
- **C.18.a - Value (excl. sponsor support):** $5003285.80
- **C.19 - Percentage of Net Assets:** 1.2400%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2025-06-24
- **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 9: FANNIE MAE-ACES

- **C.1 - Title:** FANNIE MAE-ACES 4.311550%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3136AN6Z5, C.4 - ISIN: US3136AN6Z50, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $688221.21
- **C.18.a - Value (excl. sponsor support):** $688221.21
- **C.19 - Percentage of Net Assets:** 0.1700%
- **C.17 - Yield as of Reporting Date:** 5.0100%
- **C.11 - Maturity Date (WAM):** 2025-05-31
- **C.12 - Maturity Date (WAL):** 2025-06-25
- **C.13 - Final Legal Maturity Date:** 2025-06-25
- **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? Yes, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 10: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 3.284000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3137BLAC2, C.4 - ISIN: US3137BLAC24, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $204435.67
- **C.18.a - Value (excl. sponsor support):** $204435.67
- **C.19 - Percentage of Net Assets:** 0.0500%
- **C.17 - Yield as of Reporting Date:** 3.2800%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-01
- **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 11: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 4.311550%
- **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):** $2902066.05
- **C.18.a - Value (excl. sponsor support):** $2902066.05
- **C.19 - Percentage of Net Assets:** 0.7200%
- **C.17 - Yield as of Reporting Date:** 4.9600%
- **C.11 - Maturity Date (WAM):** 2025-06-25
- **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 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: 912797MG9, C.4 - ISIN: US912797MG92, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $49612708.50
- **C.18.a - Value (excl. sponsor support):** $49612708.50
- **C.19 - Percentage of Net Assets:** 12.3000%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-08-07
- **C.12 - Maturity Date (WAL):** 2025-08-07
- **C.13 - Final Legal Maturity Date:** 2025-08-07
- **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 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: 912797NV5, C.4 - ISIN: US912797NV50, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $24947125.00
- **C.18.a - Value (excl. sponsor support):** $24947125.00
- **C.19 - Percentage of Net Assets:** 6.1900%
- **C.17 - Yield as of Reporting Date:** 4.3000%
- **C.11 - Maturity Date (WAM):** 2025-06-20
- **C.12 - Maturity Date (WAL):** 2025-06-20
- **C.13 - Final Legal Maturity Date:** 2025-06-20
- **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: 912797NX1, C.4 - ISIN: US912797NX17, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $34873039.95
- **C.18.a - Value (excl. sponsor support):** $34873039.95
- **C.19 - Percentage of Net Assets:** 8.6500%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-07-03
- **C.12 - Maturity Date (WAL):** 2025-07-03
- **C.13 - Final Legal Maturity Date:** 2025-07-03
- **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 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: 912797PF8, C.4 - ISIN: US912797PF82, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $39756062.40
- **C.18.a - Value (excl. sponsor support):** $39756062.40
- **C.19 - Percentage of Net Assets:** 9.8600%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-07-24
- **C.12 - Maturity Date (WAL):** 2025-07-24
- **C.13 - Final Legal Maturity Date:** 2025-07-24
- **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 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: 912797PT8, C.4 - ISIN: US912797PT86, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $29922450.00
- **C.18.a - Value (excl. sponsor support):** $29922450.00
- **C.19 - Percentage of Net Assets:** 7.4200%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-06-24
- **C.12 - Maturity Date (WAL):** 2025-06-24
- **C.13 - Final Legal Maturity Date:** 2025-06-24
- **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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 17: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 4.426263%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CHS3, C.4 - ISIN: US91282CHS35, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $14001478.40
- **C.18.a - Value (excl. sponsor support):** $14001478.40
- **C.19 - Percentage of Net Assets:** 3.4700%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-05-31
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-07-31
- **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 18: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 4.471263%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CJD4, C.4 - ISIN: US91282CJD48, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $20009878.20
- **C.18.a - Value (excl. sponsor support):** $20009878.20
- **C.19 - Percentage of Net Assets:** 4.9600%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2025-05-31
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-10-31
- **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 19: MITSUBISHI UFJ FINANCIAL GROUP

- **C.1 - Title:** MUFGCA 4.30 06/02/25 RP 4.300000%
- **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: REPO25052, C.5 - Other ID: REPO250527060243
- **C.18 - Value (incl. sponsor support):** $30000000.00
- **C.18.a - Value (excl. sponsor support):** $30000000.00
- **C.19 - Percentage of Net Assets:** 7.4400%
- **C.17 - Yield as of Reporting Date:** 4.3000%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-01
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **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                            |
|:---|:---|:---|:---|:---|:---|:---|
| GNMA          | 2044-04-20      | 5.0000%  | 0.0000% | $1721457.00        | $95468.60          | Agency Debentures and Agency Strips |
| FNMA          | 2046-11-01      | 3.0000%  | 0.0000% | $136971.00         | $24052.51          | Agency Debentures and Agency Strips |
| USTR          | 2029-01-15      | 0.8750%  | 0.0000% | $500.00            | $622.47            | U.S. Treasuries (including strips)  |
| USTR          | 2029-02-15      | 2.6250%  | 0.0000% | $100.00            | $96.32             | U.S. Treasuries (including strips)  |
| USTR          | 2030-05-15      | 0.6250%  | 0.0000% | $100.00            | $85.04             | U.S. Treasuries (including strips)  |
| FMAC          | 2048-07-01      | 4.0000%  | 0.0000% | $4697.00           | $739.47            | Agency Debentures and Agency Strips |
| USTR          | 2030-08-15      | 0.6250%  | 0.0000% | $999800.00         | $843685.81         | U.S. Treasuries (including strips)  |
| USTR          | 2030-11-15      | 0.8750%  | 0.0000% | $9600.00           | $8131.19           | U.S. Treasuries (including strips)  |
| USTR          | 2027-11-30      | 0.6250%  | 0.0000% | $3500.00           | $3240.79           | U.S. Treasuries (including strips)  |
| FNMA          | 2040-10-01      | 2.5000%  | 0.0000% | $164746.00         | $78550.83          | Agency Debentures and Agency Strips |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $8500.00           | $7849.43           | U.S. Treasuries (including strips)  |
| USTR          | 2031-05-15      | 1.6250%  | 0.0000% | $200.00            | $174.26            | U.S. Treasuries (including strips)  |
| USTR          | 2028-07-31      | 1.0000%  | 0.0000% | $100.00            | $91.79             | U.S. Treasuries (including strips)  |
| USTR          | 2028-11-30      | 1.5000%  | 0.0000% | $100.00            | $92.94             | U.S. Treasuries (including strips)  |
| USTR          | 2028-12-31      | 1.3750%  | 0.0000% | $1100.00           | $1013.84           | U.S. Treasuries (including strips)  |
| USTR          | 2029-01-31      | 1.7500%  | 0.0000% | $999900.00         | $932255.53         | U.S. Treasuries (including strips)  |
| USTR          | 2029-03-31      | 2.3750%  | 0.0000% | $4000.00           | $3795.90           | U.S. Treasuries (including strips)  |
| GNMA          | 2052-07-20      | 4.0000%  | 0.0000% | $1000.00           | $753.64            | Agency Debentures and Agency Strips |
| USTR          | 2032-07-15      | 0.6250%  | 0.0000% | $4600.00           | $4684.00           | U.S. Treasuries (including strips)  |
| USTR          | 2032-08-15      | 2.7500%  | 0.0000% | $200.00            | $183.65            | U.S. Treasuries (including strips)  |
| USTR          | 2029-09-30      | 3.8750%  | 0.0000% | $8800.00           | $8827.34           | U.S. Treasuries (including strips)  |
| USTR          | 2027-10-31      | 4.1250%  | 0.0000% | $402400.00         | $405765.98         | U.S. Treasuries (including strips)  |
| GNMA          | 2052-09-20      | 5.0000%  | 0.0000% | $1000.00           | $773.67            | Agency Debentures and Agency Strips |
| GNMA          | 2052-10-20      | 3.0000%  | 0.0000% | $9728.00           | $6693.60           | Agency Debentures and Agency Strips |
| FNMA          | 2046-11-01      | 4.0000%  | 0.0000% | $30903305.00       | $7207317.97        | Agency Debentures and Agency Strips |
| USTR          | 2033-02-15      | 3.5000%  | 0.0000% | $18200.00          | $17501.54          | U.S. Treasuries (including strips)  |
| FMAC          | 2053-06-01      | 5.5000%  | 0.0000% | $1024.00           | $853.59            | Agency Debentures and Agency Strips |
| USTR          | 2028-04-15      | 1.2500%  | 0.0000% | $315000.00         | $334728.61         | U.S. Treasuries (including strips)  |
| FNMA          | 2052-08-01      | 5.0000%  | 0.0000% | $1022.00           | $745.64            | Agency Debentures and Agency Strips |
| GNMA          | 2053-07-20      | 5.5000%  | 0.0000% | $207300.00         | $169764.72         | Agency Debentures and Agency Strips |
| USTR          | 2028-08-31      | 4.3750%  | 0.0000% | $100.00            | $102.50            | U.S. Treasuries (including strips)  |
| FNMA          | 2053-11-01      | 6.0000%  | 0.0000% | $3328.00           | $2703.63           | Agency Debentures and Agency Strips |
| GNMA          | 2053-07-20      | 5.0000%  | 0.0000% | $1023.00           | $889.15            | Agency Debentures and Agency Strips |
| GNMA          | 2053-06-20      | 5.5000%  | 0.0000% | $62860.00          | $51190.61          | Agency Debentures and Agency Strips |
| USTR          | 2034-02-15      | 4.0000%  | 0.0000% | $200.00            | $197.57            | U.S. Treasuries (including strips)  |
| USTR          | 2029-07-31      | 4.0000%  | 0.0000% | $128600.00         | $130563.10         | U.S. Treasuries (including strips)  |
| GNMA          | 2054-01-20      | 4.5000%  | 0.0000% | $234000.00         | $210855.00         | Agency Debentures and Agency Strips |
| USTR          | 2034-08-15      | 3.8750%  | 0.0000% | $115800.00         | $112778.96         | U.S. Treasuries (including strips)  |
| FMAC          | 2053-02-01      | 5.5000%  | 0.0000% | $1021.00           | $819.76            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 3.0000%  | 0.0000% | $100854.00         | $77059.14          | Agency Debentures and Agency Strips |
| FMAC          | 2054-05-01      | 5.5000%  | 0.0000% | $720870.00         | $638335.39         | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.5000%  | 0.0000% | $1000.00           | $663.78            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 5.0000%  | 0.0000% | $1000.00           | $781.75            | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 6.0000%  | 0.0000% | $273708.00         | $263545.83         | Agency Debentures and Agency Strips |
| FNMA          | 2052-06-01      | 3.0000%  | 0.0000% | $42265.00          | $32867.06          | Agency Debentures and Agency Strips |
| FNMA          | 2054-05-01      | 5.5000%  | 0.0000% | $179542.00         | $161735.04         | Agency Debentures and Agency Strips |
| GNMA          | 2054-10-20      | 5.0000%  | 0.0000% | $88054.00          | $84237.63          | Agency Debentures and Agency Strips |
| FMAC          | 2053-01-01      | 5.5000%  | 0.0000% | $1002.00           | $970.55            | Agency Debentures and Agency Strips |
| FNMA          | 2052-09-01      | 4.5000%  | 0.0000% | $1982527.00        | $1621704.29        | Agency Debentures and Agency Strips |
| GNMA          | 2054-07-20      | 5.5000%  | 0.0000% | $1000.00           | $938.92            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 4.5000%  | 0.0000% | $33969.00          | $30660.52          | Agency Debentures and Agency Strips |
| FMAC          | 2054-01-01      | 5.5000%  | 0.0000% | $1043.00           | $945.76            | Agency Debentures and Agency Strips |
| FNMA          | 2051-04-01      | 4.5000%  | 0.0000% | $1181988.00        | $101155.40         | Agency Debentures and Agency Strips |
| GNMA          | 2054-09-20      | 5.0000%  | 0.0000% | $845200.00         | $806711.45         | Agency Debentures and Agency Strips |
| FMAC          | 2054-01-01      | 6.0000%  | 0.0000% | $1024.00           | $911.57            | Agency Debentures and Agency Strips |
| FNMA          | 2037-01-01      | 2.0000%  | 0.0000% | $155089.00         | $90008.00          | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 5.5000%  | 0.0000% | $792500.00         | $754467.55         | Agency Debentures and Agency Strips |
| FMAC          | 2054-02-01      | 5.5000%  | 0.0000% | $1000.00           | $934.36            | Agency Debentures and Agency Strips |
| FMAC          | 2048-02-01      | 4.0000%  | 0.0000% | $7597.00           | $1560.69           | Agency Debentures and Agency Strips |
| FMAC          | 2052-04-01      | 3.0000%  | 0.0000% | $141760.00         | $100867.62         | Agency Debentures and Agency Strips |
| FMAC          | 2053-06-01      | 5.0000%  | 0.0000% | $179852.00         | $152681.74         | Agency Debentures and Agency Strips |
| FNMA          | 2052-05-01      | 4.5000%  | 0.0000% | $1024.00           | $748.98            | Agency Debentures and Agency Strips |
| FMAC          | 2052-10-01      | 4.0000%  | 0.0000% | $1000.00           | $850.02            | Agency Debentures and Agency Strips |
| FMAC          | 2053-08-01      | 5.0000%  | 0.0000% | $1008.00           | $823.88            | Agency Debentures and Agency Strips |
| FMAC          | 2053-11-01      | 6.5000%  | 0.0000% | $1000.00           | $830.28            | Agency Debentures and Agency Strips |
| FNMA          | 2051-07-01      | 2.5000%  | 0.0000% | $95599.00          | $60684.16          | Agency Debentures and Agency Strips |
| FNMA          | 2052-04-01      | 3.5000%  | 0.0000% | $115848.00         | $85340.33          | Agency Debentures and Agency Strips |
| FNMA          | 2041-05-01      | 2.5000%  | 0.0000% | $1000.00           | $598.62            | Agency Debentures and Agency Strips |
| FMAC          | 2054-05-01      | 7.0000%  | 0.0000% | $4509200.00        | $4189857.49        | Agency Debentures and Agency Strips |
| GNMA          | 2054-07-20      | 6.5000%  | 0.0000% | $1000.00           | $757.31            | Agency Debentures and Agency Strips |
| GNMA          | 2053-08-20      | 6.0000%  | 0.0000% | $1000.00           | $988.09            | Agency Debentures and Agency Strips |
| GNMA          | 2051-10-20      | 3.5000%  | 0.0000% | $83308.00          | $62382.44          | Agency Debentures and Agency Strips |
| FMAC          | 2055-03-01      | 6.0000%  | 0.0000% | $32400.00          | $32664.61          | Agency Debentures and Agency Strips |
| FMAC          | 2054-06-01      | 6.5000%  | 0.0000% | $305856.00         | $278699.10         | Agency Debentures and Agency Strips |
| FNMA          | 2054-06-01      | 5.5000%  | 0.0000% | $1008.00           | $979.19            | Agency Debentures and Agency Strips |
| FNMA          | 2051-02-01      | 2.0000%  | 0.0000% | $376471.00         | $227995.93         | Agency Debentures and Agency Strips |
| FNMA          | 2051-05-01      | 2.5000%  | 0.0000% | $1001.00           | $587.84            | Agency Debentures and Agency Strips |
| FNMA          | 2053-11-01      | 6.0000%  | 0.0000% | $1000.00           | $826.86            | Agency Debentures and Agency Strips |
| FNMA          | 2055-01-01      | 5.0000%  | 0.0000% | $1000.00           | $969.14            | Agency Debentures and Agency Strips |
| FMAC          | 2055-02-01      | 5.5000%  | 0.0000% | $253300.00         | $243491.59         | Agency Debentures and Agency Strips |
| FMAC          | 2054-09-01      | 6.0000%  | 0.0000% | $5436.00           | $5128.90           | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.0000%  | 0.0000% | $5681232.00        | $4738096.59        | Agency Debentures and Agency Strips |
| FNMA          | 2054-01-01      | 6.0000%  | 0.0000% | $5663392.00        | $5074314.52        | Agency Debentures and Agency Strips |

### Security 20: GOLDMAN, SACHS & CO

- **C.1 - Title:** GOLDMN 4.28 06/03/25 RP 4.280000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25052, C.5 - Other ID: REPO250527060342
- **C.18 - Value (incl. sponsor support):** $10000000.00
- **C.18.a - Value (excl. sponsor support):** $10000000.00
- **C.19 - Percentage of Net Assets:** 2.4800%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **C.11 - Maturity Date (WAM):** 2025-06-03
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-03
- **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? 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          | 2030-03-31      | 3.6250%  | 0.0000% | $10314000.00       | $10200047.04       | U.S. Treasuries (including strips) |

### Security 21: CIBC WORLD MARKETS CORP

- **C.1 - Title:** CM 4.31 06/04/25 RP 4.310000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25052, C.5 - Other ID: REPO250528060443
- **C.18 - Value (incl. sponsor support):** $30000000.00
- **C.18.a - Value (excl. sponsor support):** $30000000.00
- **C.19 - Percentage of Net Assets:** 7.4400%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-06-04
- **C.12 - Maturity Date (WAL):** 2025-06-03
- **C.13 - Final Legal Maturity Date:** 2025-06-04
- **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% | $9344000.00        | $14504072.54       | U.S. Treasuries (including strips) |
| USTR          | 2027-01-15      | 2.3750%  | 0.0000% | $104200.00         | $169525.80         | U.S. Treasuries (including strips) |
| USTR          | 2042-02-15      | 3.1250%  | 0.0000% | $298100.00         | $241061.52         | U.S. Treasuries (including strips) |
| USTR          | 2026-01-15      | 0.6250%  | 0.0000% | $500.00            | $671.15            | U.S. Treasuries (including strips) |
| USTR          | 2047-02-15      | 3.0000%  | 0.0000% | $100.00            | $74.33             | U.S. Treasuries (including strips) |
| USTR          | 2047-02-15      | 0.8750%  | 0.0000% | $700.00            | $661.05            | U.S. Treasuries (including strips) |
| USTR          | 2047-08-15      | 2.7500%  | 0.0000% | $1000.00           | $704.44            | U.S. Treasuries (including strips) |
| USTR          | 2028-07-15      | 0.7500%  | 0.0000% | $7696100.00        | $9675922.59        | U.S. Treasuries (including strips) |
| USTR          | 2049-05-15      | 2.8750%  | 0.0000% | $30600.00          | $21498.15          | U.S. Treasuries (including strips) |
| USTR          | 2030-08-15      | 0.6250%  | 0.0000% | $200.00            | $168.77            | U.S. Treasuries (including strips) |
| USTR          | 2050-11-15      | 1.6250%  | 0.0000% | $100.00            | $51.39             | U.S. Treasuries (including strips) |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $1433400.00        | $1323691.10        | U.S. Treasuries (including strips) |
| USTR          | 2028-10-31      | 1.3750%  | 0.0000% | $100.00            | $92.08             | U.S. Treasuries (including strips) |
| USTR          | 2031-11-15      | 1.3750%  | 0.0000% | $798800.00         | $674574.99         | U.S. Treasuries (including strips) |
| USTR          | 2027-02-28      | 1.8750%  | 0.0000% | $243500.00         | $236087.02         | U.S. Treasuries (including strips) |
| USTR          | 2029-05-31      | 2.7500%  | 0.0000% | $100.00            | $97.02             | U.S. Treasuries (including strips) |
| USTR          | 2033-05-15      | 3.3750%  | 0.0000% | $200.00            | $188.38            | U.S. Treasuries (including strips) |
| USTR          | 2028-04-15      | 1.2500%  | 0.0000% | $888100.00         | $943722.16         | U.S. Treasuries (including strips) |
| USTR          | 2033-07-15      | 1.3750%  | 0.0000% | $31900.00          | $32420.02          | U.S. Treasuries (including strips) |
| USTR          | 2034-01-15      | 1.7500%  | 0.0000% | $285400.00         | $293099.91         | U.S. Treasuries (including strips) |
| USTR          | 2034-08-15      | 3.8750%  | 0.0000% | $65600.00          | $63888.60          | U.S. Treasuries (including strips) |
| USTR          | 2029-09-30      | 3.5000%  | 0.0000% | $2430000.00        | $2400615.72        | U.S. Treasuries (including strips) |
| USTR          | 2029-10-15      | 1.6250%  | 0.0000% | $15800.00          | $16219.45          | U.S. Treasuries (including strips) |
| USTR          | 2027-04-30      | 3.7500%  | 0.0000% | $900.00            | $899.68            | U.S. Treasuries (including strips) |

### Security 22: CIT GROUPMKTS

- **C.1 - Title:** CITGMK 4.31 06/05/25 RP 4.310000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25052, C.5 - Other ID: REPO250529060543
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 6.2000%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-06-05
- **C.12 - Maturity Date (WAL):** 2025-06-04
- **C.13 - Final Legal Maturity Date:** 2025-06-05
- **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          | 2026-03-31      | 2.2500%  | 0.0000% | $12418100.00       | $12262482.89       | U.S. Treasuries (including strips) |
| USTR          | 2031-05-31      | 4.6250%  | 0.0000% | $12613800.00       | $13237526.43       | U.S. Treasuries (including strips) |

### Security 23: BMO CAPITAL MARKETS CORP.

- **C.1 - Title:** BMOCPM 4.29 06/02/25 RP 4.290000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25053, C.5 - Other ID: REPO250530060242
- **C.18 - Value (incl. sponsor support):** $54000000.00
- **C.18.a - Value (excl. sponsor support):** $54000000.00
- **C.19 - Percentage of Net Assets:** 13.3900%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-01
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **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          | 2026-05-15      | 1.6250%  | 0.0000% | $700.00            | $683.58            | U.S. Treasuries (including strips) |
| USTR          | 2026-12-31      | 1.7500%  | 0.0000% | $23620600.00       | $22966294.76       | U.S. Treasuries (including strips) |
| USTR          | 2030-08-15      | 0.6250%  | 0.0000% | $300.00            | $252.72            | U.S. Treasuries (including strips) |
| USTR          | 2025-10-31      | 0.2500%  | 0.0000% | $100.00            | $98.31             | U.S. Treasuries (including strips) |
| USTR          | 2030-11-15      | 0.8750%  | 0.0000% | $12100.00          | $10231.24          | U.S. Treasuries (including strips) |
| USTR          | 2028-04-30      | 1.2500%  | 0.0000% | $600.00            | $556.81            | U.S. Treasuries (including strips) |
| USTR          | 2028-06-30      | 1.2500%  | 0.0000% | $101000.00         | $93751.19          | U.S. Treasuries (including strips) |
| USTR          | 2028-08-31      | 1.1250%  | 0.0000% | $700.00            | $642.44            | U.S. Treasuries (including strips) |
| USTR          | 2026-11-30      | 1.2500%  | 0.0000% | $900.00            | $869.12            | U.S. Treasuries (including strips) |
| USTR          | 2027-02-28      | 1.8750%  | 0.0000% | $30100.00          | $29167.61          | U.S. Treasuries (including strips) |
| USTR          | 2032-05-15      | 2.8750%  | 0.0000% | $9562000.00        | $8809144.30        | U.S. Treasuries (including strips) |
| USTR          | 2027-01-31      | 4.3993%  | 0.0000% | $23084700.00       | $23168340.44       | U.S. Treasuries (including strips) |

## N-MFP: Signatures

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

**Date:** 2025-06-05

**By:** Sandi Brents

**Name of Signing Officer:** Sandi Brents

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