# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001145549-25-050395
**Filing Date:** 2025-8
**Character Count:** 61814
**Document Hash:** a52c59c6869524d1892764e0977275c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-050395.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001145549-25-050395

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**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:** 251183347

**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):** 2025-07-31

**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:** 29 days

- **WAL:** 54 days

- **Total Value of Portfolio Securities:** $411845079.26

- **Amortized Cost of Portfolio Securities:** $411848855.99

- **Cash:** $0.00

- **Total Other Assets:** $1408296.28

- **Total Liabilities:** $1530508.82

- **Net Assets of Series:** $411726643.45

- **Number of Shares Outstanding (Series):** 411741785.1800

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-07-01 | $328889795.06             | $384889195.76              | 77.7400%                  | 90.9700%                   |
| 2025-07-02 | $308535394.12             | $374034894.99              | 75.6700%                  | 91.7400%                   |
| 2025-07-03 | $309910260.28             | $370409778.07              | 76.6800%                  | 91.6500%                   |
| 2025-07-07 | $262409265.31             | $337908787.33              | 70.6100%                  | 90.9200%                   |
| 2025-07-08 | $248525236.25             | $299024762.50              | 72.5000%                  | 87.2300%                   |
| 2025-07-09 | $248639882.79             | $304139413.27              | 71.4700%                  | 87.4200%                   |
| 2025-07-10 | $254729715.59             | $340229250.30              | 65.6800%                  | 87.7200%                   |
| 2025-07-11 | $295287031.13             | $355786578.53              | 73.1800%                  | 88.1800%                   |
| 2025-07-14 | $267316356.36             | $347815907.99              | 67.5900%                  | 87.9400%                   |
| 2025-07-15 | $288793709.62             | $349293265.48              | 72.7400%                  | 87.9800%                   |
| 2025-07-16 | $291528036.01             | $352027596.10              | 72.9300%                  | 88.0600%                   |
| 2025-07-17 | $264546103.03             | $355045667.35              | 65.6800%                  | 88.1500%                   |
| 2025-07-18 | $315075484.77             | $380575061.78              | 73.5600%                  | 88.8500%                   |
| 2025-07-21 | $262133186.24             | $342632767.48              | 67.1500%                  | 87.7700%                   |
| 2025-07-22 | $296516020.75             | $357015606.22              | 73.2500%                  | 88.2000%                   |
| 2025-07-23 | $288063122.85             | $348562712.55              | 72.6800%                  | 87.9500%                   |
| 2025-07-24 | $258054250.44             | $348553844.37              | 65.1100%                  | 87.9500%                   |
| 2025-07-25 | $285677108.80             | $351176715.42              | 71.5900%                  | 88.0100%                   |
| 2025-07-28 | $267058473.74             | $347558084.59              | 67.5400%                  | 87.9000%                   |
| 2025-07-29 | $284819571.14             | $345319186.22              | 72.4500%                  | 87.8400%                   |
| 2025-07-30 | $296928902.90             | $357428522.21              | 73.2900%                  | 88.2200%                   |
| 2025-07-31 | $275531392.90             | $366031016.44              | 66.6700%                  | 88.5700%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-07-01 | 4.3300%             |
| 2025-07-02 | 4.3300%             |
| 2025-07-03 | 4.3500%             |
| 2025-07-07 | 4.3500%             |
| 2025-07-08 | 4.3500%             |
| 2025-07-09 | 4.3500%             |
| 2025-07-10 | 4.3600%             |
| 2025-07-11 | 4.3300%             |
| 2025-07-14 | 4.3300%             |
| 2025-07-15 | 4.3300%             |
| 2025-07-16 | 4.3300%             |
| 2025-07-17 | 4.3400%             |
| 2025-07-18 | 4.3500%             |
| 2025-07-21 | 4.3500%             |
| 2025-07-22 | 4.3500%             |
| 2025-07-23 | 4.3500%             |
| 2025-07-24 | 4.3500%             |
| 2025-07-25 | 4.3600%             |
| 2025-07-28 | 4.3600%             |
| 2025-07-29 | 4.3700%             |
| 2025-07-30 | 4.3700%             |
| 2025-07-31 | 4.3700%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-07-01 | 0.9999                      |
|  |  |
| 2025-07-02 | 1.0000                      |
|  |  |
| 2025-07-03 | 0.9999                      |
|  |  |
| 2025-07-07 | 0.9999                      |
|  |  |
| 2025-07-08 | 0.9999                      |
|  |  |
| 2025-07-09 | 1.0000                      |
|  |  |
| 2025-07-10 | 1.0000                      |
|  |  |
| 2025-07-11 | 1.0000                      |
|  |  |
| 2025-07-14 | 1.0000                      |
|  |  |
| 2025-07-15 | 1.0000                      |
|  |  |
| 2025-07-16 | 1.0000                      |
|  |  |
| 2025-07-17 | 0.9999                      |
|  |  |
| 2025-07-18 | 1.0000                      |
|  |  |
| 2025-07-21 | 0.9999                      |
|  |  |
| 2025-07-22 | 1.0000                      |
|  |  |
| 2025-07-23 | 0.9999                      |
|  |  |
| 2025-07-24 | 0.9999                      |
|  |  |
| 2025-07-25 | 0.9999                      |
|  |  |
| 2025-07-28 | 0.9999                      |
|  |  |
| 2025-07-29 | 0.9999                      |
|  |  |
| 2025-07-30 | 0.9999                      |
|  |  |
| 2025-07-31 | 1.0000                      |
|  |  |

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

### Class: TF

- **Minimum Initial Investment:** $2000.00

- **Net Assets of Class:** $411726643.45

- **Number of Shares Outstanding:** 411741785.1800

- **Expense Reimbursement/Waiver:** 11476.36

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 0.9999          |
|  |  |
| 2025-07-02 | 1.0000          |
|  |  |
| 2025-07-03 | 0.9999          |
|  |  |
| 2025-07-07 | 0.9999          |
|  |  |
| 2025-07-08 | 0.9999          |
|  |  |
| 2025-07-09 | 1.0000          |
|  |  |
| 2025-07-10 | 1.0000          |
|  |  |
| 2025-07-11 | 1.0000          |
|  |  |
| 2025-07-14 | 1.0000          |
|  |  |
| 2025-07-15 | 1.0000          |
|  |  |
| 2025-07-16 | 1.0000          |
|  |  |
| 2025-07-17 | 0.9999          |
|  |  |
| 2025-07-18 | 1.0000          |
|  |  |
| 2025-07-21 | 0.9999          |
|  |  |
| 2025-07-22 | 1.0000          |
|  |  |
| 2025-07-23 | 0.9999          |
|  |  |
| 2025-07-24 | 0.9999          |
|  |  |
| 2025-07-25 | 0.9999          |
|  |  |
| 2025-07-28 | 0.9999          |
|  |  |
| 2025-07-29 | 0.9999          |
|  |  |
| 2025-07-30 | 0.9999          |
|  |  |
| 2025-07-31 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $186170450.91             | $182817414.93           |
| 2025-07-02 | $174688476.97             | $190097054.27           |
| 2025-07-03 | $175095387.86             | $178748165.18           |
| 2025-07-07 | $145612481.64             | $178177739.92           |
| 2025-07-08 | $132304766.96             | $161217652.08           |
| 2025-07-09 | $140702929.69             | $135632637.97           |
| 2025-07-10 | $176027902.82             | $140030707.61           |
| 2025-07-11 | $180077801.42             | $164581696.17           |
| 2025-07-14 | $170451773.09             | $174569741.20           |
| 2025-07-15 | $170230247.97             | $168782460.67           |
| 2025-07-16 | $168032841.38             | $165347912.02           |
| 2025-07-17 | $169378341.17             | $166410342.33           |
| 2025-07-18 | $193736926.39             | $168271038.07           |
| 2025-07-21 | $148910471.51             | $186910290.46           |
| 2025-07-22 | $157320596.42             | $142970017.84           |
| 2025-07-23 | $152929544.12             | $161432814.08           |
| 2025-07-24 | $153207753.02             | $153266544.12           |
| 2025-07-25 | $151462878.18             | $148916862.80           |
| 2025-07-28 | $159350890.06             | $163025229.35           |
| 2025-07-29 | $159673685.46             | $161926004.11           |
| 2025-07-30 | $179552045.57             | $167569042.50           |
| 2025-07-31 | $191190605.68             | $183128066.49           |

**Total Gross Subscriptions (Month):** $3636108798.29

**Total Gross Redemptions (Month):** $3643829434.17

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 4.0800%           |
| 2025-07-02 | 4.0800%           |
| 2025-07-03 | 4.1000%           |
| 2025-07-07 | 4.1000%           |
| 2025-07-08 | 4.1000%           |
| 2025-07-09 | 4.1000%           |
| 2025-07-10 | 4.1100%           |
| 2025-07-11 | 4.0800%           |
| 2025-07-14 | 4.0800%           |
| 2025-07-15 | 4.0800%           |
| 2025-07-16 | 4.0800%           |
| 2025-07-17 | 4.0900%           |
| 2025-07-18 | 4.1000%           |
| 2025-07-21 | 4.1000%           |
| 2025-07-22 | 4.1000%           |
| 2025-07-23 | 4.1000%           |
| 2025-07-24 | 4.1000%           |
| 2025-07-25 | 4.1100%           |
| 2025-07-28 | 4.1100%           |
| 2025-07-29 | 4.1200%           |
| 2025-07-30 | 4.1200%           |
| 2025-07-31 | 4.1200%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 5.1700%          | 0.0000%              |
| Depository institution or other banking institution |  | 11.8200%         | 0.0000%              |
| Registered investment company                       |  | 17.1200%         | 0.0000%              |
| Non-profit                                          |  | 6.5400%          | 0.0000%              |
| Depository institution or other banking institution |  | 6.0900%          | 0.0000%              |
| Depository institution or other banking institution |  | 13.3800%         | 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 4.173118%
- **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):** $4879544.32
- **C.18.a - Value (excl. sponsor support):** $4879544.32
- **C.19 - Percentage of Net Assets:** 1.1900%
- **C.17 - Yield as of Reporting Date:** 4.1700%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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 4.320000%
- **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):** $4500329.31
- **C.18.a - Value (excl. sponsor support):** $4500329.31
- **C.19 - Percentage of Net Assets:** 1.0900%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **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 3: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.320000%
- **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):** $4000653.32
- **C.18.a - Value (excl. sponsor support):** $4000653.32
- **C.19 - Percentage of Net Assets:** 0.9700%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-09-18
- **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 4: 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):** $3494587.18
- **C.18.a - Value (excl. sponsor support):** $3494587.18
- **C.19 - Percentage of Net Assets:** 0.8500%
- **C.17 - Yield as of Reporting Date:** 4.6400%
- **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 5: 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):** $7985379.12
- **C.18.a - Value (excl. sponsor support):** $7985379.12
- **C.19 - Percentage of Net Assets:** 1.9400%
- **C.17 - Yield as of Reporting Date:** 4.5100%
- **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 6: FEDERAL FARM CREDIT BANKS FUNDING CORP

- **C.1 - Title:** FEDERAL FARM CREDIT BANKS FUNDING CORP 4.320000%
- **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):** $4501198.89
- **C.18.a - Value (excl. sponsor support):** $4501198.89
- **C.19 - Percentage of Net Assets:** 1.0900%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 7: FEDERAL FARM CREDIT BANKS FUNDING CORP

- **C.1 - Title:** FEDERAL FARM CREDIT BANKS FUNDING CORP 4.320000%
- **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):** $5002751.05
- **C.18.a - Value (excl. sponsor support):** $5002751.05
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-09-24
- **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 8: FEDERAL HOME LOAN MORTGAGE CORP

- **C.1 - Title:** FEDERAL HOME LOAN MORTGAGE CORP 4.320000%
- **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):** $9999850.70
- **C.18.a - Value (excl. sponsor support):** $9999850.70
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-10-08
- **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 9: 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):** $1579186.40
- **C.18.a - Value (excl. sponsor support):** $1579186.40
- **C.19 - Percentage of Net Assets:** 0.3800%
- **C.17 - Yield as of Reporting Date:** 4.6300%
- **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 10: 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):** $553227.85
- **C.18.a - Value (excl. sponsor support):** $553227.85
- **C.19 - Percentage of Net Assets:** 0.1300%
- **C.17 - Yield as of Reporting Date:** 4.5900%
- **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? No, C.21 Is a Weekly Liquid Asset? No, 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 4.340980%
- **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):** $2408478.44
- **C.18.a - Value (excl. sponsor support):** $2408478.44
- **C.19 - Percentage of Net Assets:** 0.5800%
- **C.17 - Yield as of Reporting Date:** 4.9500%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 12: 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):** $1779028.87
- **C.18.a - Value (excl. sponsor support):** $1779028.87
- **C.19 - Percentage of Net Assets:** 0.4300%
- **C.17 - Yield as of Reporting Date:** 4.4900%
- **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 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: 912797MG9, C.4 - ISIN: US912797MG92, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $49964473.00
- **C.18.a - Value (excl. sponsor support):** $49964473.00
- **C.19 - Percentage of Net Assets:** 12.1400%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **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 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: 912797MS3, C.4 - ISIN: US912797MS31, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $34744176.25
- **C.18.a - Value (excl. sponsor support):** $34744176.25
- **C.19 - Percentage of Net Assets:** 8.4400%
- **C.17 - Yield as of Reporting Date:** 4.3400%
- **C.11 - Maturity Date (WAM):** 2025-10-02
- **C.12 - Maturity Date (WAL):** 2025-10-02
- **C.13 - Final Legal Maturity Date:** 2025-10-02
- **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: 912797QM2, C.4 - ISIN: US912797QM25, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $34867342.30
- **C.18.a - Value (excl. sponsor support):** $34867342.30
- **C.19 - Percentage of Net Assets:** 8.4700%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-09-02
- **C.12 - Maturity Date (WAL):** 2025-09-02
- **C.13 - Final Legal Maturity Date:** 2025-09-02
- **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 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: 912797QU4, C.4 - ISIN: US912797QU41, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $14918350.05
- **C.18.a - Value (excl. sponsor support):** $14918350.05
- **C.19 - Percentage of Net Assets:** 3.6200%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-09-16
- **C.12 - Maturity Date (WAL):** 2025-09-16
- **C.13 - Final Legal Maturity Date:** 2025-09-16
- **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

- **C.1 - Title:** UNITED STATES TREASURY BILL 0.000000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QV2, C.4 - ISIN: US912797QV24, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $13911732.94
- **C.18.a - Value (excl. sponsor support):** $13911732.94
- **C.19 - Percentage of Net Assets:** 3.3800%
- **C.17 - Yield as of Reporting Date:** 4.3700%
- **C.11 - Maturity Date (WAM):** 2025-09-23
- **C.12 - Maturity Date (WAL):** 2025-09-23
- **C.13 - Final Legal Maturity Date:** 2025-09-23
- **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: 912797RC3, C.4 - ISIN: US912797RC34, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $29739034.50
- **C.18.a - Value (excl. sponsor support):** $29739034.50
- **C.19 - Percentage of Net Assets:** 7.2200%
- **C.17 - Yield as of Reporting Date:** 4.3400%
- **C.11 - Maturity Date (WAM):** 2025-10-14
- **C.12 - Maturity Date (WAL):** 2025-10-14
- **C.13 - Final Legal Maturity Date:** 2025-10-14
- **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 4.455936%
- **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):** $20007951.00
- **C.18.a - Value (excl. sponsor support):** $20007951.00
- **C.19 - Percentage of Net Assets:** 4.8600%
- **C.17 - Yield as of Reporting Date:** 4.3000%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **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 20: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 4.467936%
- **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):** $4004430.32
- **C.18.a - Value (excl. sponsor support):** $4004430.32
- **C.19 - Percentage of Net Assets:** 0.9700%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 21: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 4.445936%
- **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):** $5003373.45
- **C.18.a - Value (excl. sponsor support):** $5003373.45
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 4.4100%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **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 22: MITSUBISHI UFJ FINANCIAL GROUP

- **C.1 - Title:** MUFGCA 4.30 08/04/25 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: REPO25072, C.5 - Other ID: REPO250728080443
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 6.0700%
- **C.17 - Yield as of Reporting Date:** 4.3000%
- **C.11 - Maturity Date (WAM):** 2025-08-04
- **C.12 - Maturity Date (WAL):** 2025-08-04
- **C.13 - Final Legal Maturity Date:** 2025-08-04
- **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                            |
|:---|:---|:---|:---|:---|:---|:---|
| GNMA          | 2050-06-20      | 3.0000%  | 0.0000% | $1000.00           | $253.52            | Agency Debentures and Agency Strips |
| FMAC          | 2048-07-01      | 4.0000%  | 0.0000% | $2340523.00        | $363913.89         | Agency Debentures and Agency Strips |
| FNMA          | 2040-10-01      | 2.5000%  | 0.0000% | $164746.00         | $77540.94          | Agency Debentures and Agency Strips |
| GNMA          | 2052-07-20      | 4.0000%  | 0.0000% | $1000.00           | $745.68            | Agency Debentures and Agency Strips |
| GNMA          | 2052-09-20      | 5.0000%  | 0.0000% | $1000.00           | $762.13            | Agency Debentures and Agency Strips |
| FMAC          | 2053-06-01      | 5.5000%  | 0.0000% | $1024.00           | $842.99            | Agency Debentures and Agency Strips |
| FNMA          | 2052-08-01      | 5.0000%  | 0.0000% | $1022.00           | $741.58            | Agency Debentures and Agency Strips |
| GNMA          | 2053-07-20      | 5.5000%  | 0.0000% | $257369.00         | $207889.19         | Agency Debentures and Agency Strips |
| FNMA          | 2046-11-01      | 4.0000%  | 0.0000% | $30903305.00       | $7118889.00        | Agency Debentures and Agency Strips |
| FNMA          | 2053-11-01      | 6.0000%  | 0.0000% | $3256.00           | $2604.84           | Agency Debentures and Agency Strips |
| GNMA          | 2054-01-20      | 5.5000%  | 0.0000% | $740314.00         | $622145.56         | Agency Debentures and Agency Strips |
| GNMA          | 2053-07-20      | 5.0000%  | 0.0000% | $1023.00           | $880.65            | Agency Debentures and Agency Strips |
| GNMA          | 2053-06-20      | 5.5000%  | 0.0000% | $62860.00          | $50279.81          | Agency Debentures and Agency Strips |
| FMAC          | 2053-02-01      | 5.5000%  | 0.0000% | $1021.00           | $807.36            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 3.0000%  | 0.0000% | $100854.00         | $76284.44          | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.5000%  | 0.0000% | $1000.00           | $612.61            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 5.0000%  | 0.0000% | $1000.00           | $771.07            | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 6.0000%  | 0.0000% | $273708.00         | $260837.15         | Agency Debentures and Agency Strips |
| FNMA          | 2052-06-01      | 3.0000%  | 0.0000% | $42265.00          | $32755.02          | Agency Debentures and Agency Strips |
| FNMA          | 2054-05-01      | 5.5000%  | 0.0000% | $179542.00         | $159984.14         | Agency Debentures and Agency Strips |
| GNMA          | 2054-10-20      | 5.0000%  | 0.0000% | $88054.00          | $83766.27          | Agency Debentures and Agency Strips |
| FMAC          | 2053-01-01      | 5.5000%  | 0.0000% | $1002.00           | $966.57            | Agency Debentures and Agency Strips |
| FNMA          | 2052-09-01      | 4.5000%  | 0.0000% | $1982527.00        | $1602577.27        | Agency Debentures and Agency Strips |
| GNMA          | 2054-07-20      | 5.5000%  | 0.0000% | $1000.00           | $927.93            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 4.5000%  | 0.0000% | $33969.00          | $30553.69          | Agency Debentures and Agency Strips |
| FMAC          | 2054-01-01      | 5.5000%  | 0.0000% | $1043.00           | $945.53            | Agency Debentures and Agency Strips |
| FNMA          | 2051-04-01      | 4.5000%  | 0.0000% | $1181988.00        | $99537.90          | Agency Debentures and Agency Strips |
| GNMA          | 2054-09-20      | 5.0000%  | 0.0000% | $845200.00         | $801972.76         | Agency Debentures and Agency Strips |
| FMAC          | 2054-01-01      | 6.0000%  | 0.0000% | $1024.00           | $893.56            | Agency Debentures and Agency Strips |
| FNMA          | 2037-01-01      | 2.0000%  | 0.0000% | $155089.00         | $88273.24          | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 5.5000%  | 0.0000% | $792500.00         | $748922.12         | Agency Debentures and Agency Strips |
| GNMA          | 2054-01-20      | 4.5000%  | 0.0000% | $234000.00         | $211005.86         | Agency Debentures and Agency Strips |
| FMAC          | 2054-02-01      | 5.5000%  | 0.0000% | $1000.00           | $925.31            | Agency Debentures and Agency Strips |
| FMAC          | 2048-02-01      | 4.0000%  | 0.0000% | $7597.00           | $1565.82           | Agency Debentures and Agency Strips |
| FMAC          | 2052-04-01      | 3.0000%  | 0.0000% | $141760.00         | $101548.97         | Agency Debentures and Agency Strips |
| FMAC          | 2053-06-01      | 5.0000%  | 0.0000% | $179852.00         | $151922.42         | Agency Debentures and Agency Strips |
| FNMA          | 2052-05-01      | 4.5000%  | 0.0000% | $1024.00           | $735.84            | Agency Debentures and Agency Strips |
| FMAC          | 2052-10-01      | 4.0000%  | 0.0000% | $1000.00           | $842.67            | Agency Debentures and Agency Strips |
| FMAC          | 2053-08-01      | 5.0000%  | 0.0000% | $1008.00           | $811.24            | Agency Debentures and Agency Strips |
| FMAC          | 2053-11-01      | 6.5000%  | 0.0000% | $1000.00           | $814.67            | Agency Debentures and Agency Strips |
| FNMA          | 2051-07-01      | 2.5000%  | 0.0000% | $95598.00          | $60865.52          | Agency Debentures and Agency Strips |
| FNMA          | 2052-04-01      | 3.5000%  | 0.0000% | $115848.00         | $85939.03          | Agency Debentures and Agency Strips |
| FNMA          | 2041-05-01      | 2.5000%  | 0.0000% | $1000.00           | $599.34            | Agency Debentures and Agency Strips |
| FMAC          | 2054-05-01      | 7.0000%  | 0.0000% | $4509200.00        | $4107929.47        | Agency Debentures and Agency Strips |
| GNMA          | 2054-07-20      | 6.5000%  | 0.0000% | $1000.00           | $684.43            | Agency Debentures and Agency Strips |
| GNMA          | 2053-08-20      | 6.0000%  | 0.0000% | $1000.00           | $993.18            | Agency Debentures and Agency Strips |
| GNMA          | 2051-10-20      | 3.5000%  | 0.0000% | $89854.00          | $65250.86          | Agency Debentures and Agency Strips |
| FMAC          | 2055-03-01      | 6.0000%  | 0.0000% | $32400.00          | $32686.48          | Agency Debentures and Agency Strips |
| FMAC          | 2054-06-01      | 6.5000%  | 0.0000% | $305785.00         | $273047.44         | Agency Debentures and Agency Strips |
| FNMA          | 2054-06-01      | 5.5000%  | 0.0000% | $1008.00           | $982.18            | Agency Debentures and Agency Strips |
| FNMA          | 2051-02-01      | 2.0000%  | 0.0000% | $376471.00         | $229149.26         | Agency Debentures and Agency Strips |
| FNMA          | 2051-05-01      | 2.5000%  | 0.0000% | $1001.00           | $587.59            | Agency Debentures and Agency Strips |
| FNMA          | 2053-11-01      | 6.0000%  | 0.0000% | $1000.00           | $803.37            | Agency Debentures and Agency Strips |
| FNMA          | 2055-01-01      | 5.0000%  | 0.0000% | $1000.00           | $972.92            | Agency Debentures and Agency Strips |
| FMAC          | 2055-02-01      | 5.5000%  | 0.0000% | $253300.00         | $243278.00         | Agency Debentures and Agency Strips |
| FMAC          | 2054-09-01      | 6.0000%  | 0.0000% | $5436.00           | $5027.99           | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.0000%  | 0.0000% | $2359326.00        | $1897056.14        | Agency Debentures and Agency Strips |
| FMAC          | 2054-07-01      | 5.5000%  | 0.0000% | $15584.00          | $14315.99          | Agency Debentures and Agency Strips |
| FNMA          | 2054-02-01      | 6.5000%  | 0.0000% | $26739.00          | $23392.86          | Agency Debentures and Agency Strips |
| FNMA          | 2054-03-01      | 5.0000%  | 0.0000% | $5297584.00        | $4929580.48        | Agency Debentures and Agency Strips |
| GNMA          | 2055-05-20      | 5.5000%  | 0.0000% | $7275.00           | $7259.72           | Agency Debentures and Agency Strips |
| FMAC          | 2054-02-01      | 6.5000%  | 0.0000% | $1000.00           | $838.29            | Agency Debentures and Agency Strips |
| FMAC          | 2029-08-06      | 4.0000%  | 0.0000% | $31000.00          | $31261.90          | Agency Debentures and Agency Strips |
| FMAC          | 2055-04-01      | 5.5000%  | 0.0000% | $62784.00          | $63160.55          | Agency Debentures and Agency Strips |
| USTR          | 2026-10-31      | 4.1250%  | 0.0000% | $100.00            | $101.05            | U.S. Treasuries (including strips)  |
| USTR          | 2032-07-15      | 0.6250%  | 0.0000% | $37800.00          | $39095.36          | U.S. Treasuries (including strips)  |
| USTR          | 2026-07-31      | 0.6250%  | 0.0000% | $100.00            | $96.56             | U.S. Treasuries (including strips)  |
| USTR          | 2026-10-31      | 1.1250%  | 0.0000% | $100.00            | $96.69             | U.S. Treasuries (including strips)  |
| USTR          | 2026-05-15      | 1.6250%  | 0.0000% | $483800.00         | $475798.50         | U.S. Treasuries (including strips)  |
| USTR          | 2027-05-15      | 2.3750%  | 0.0000% | $100.00            | $97.77             | U.S. Treasuries (including strips)  |

### Security 23: GOLDMAN, SACHS & CO

- **C.1 - Title:** GOLDMN 4.28 08/05/25 RP 4.280000%
- **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: REPO25072, C.5 - Other ID: REPO250729080542
- **C.18 - Value (incl. sponsor support):** $10000000.00
- **C.18.a - Value (excl. sponsor support):** $10000000.00
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **C.11 - Maturity Date (WAM):** 2025-08-05
- **C.12 - Maturity Date (WAL):** 2025-08-05
- **C.13 - Final Legal Maturity Date:** 2025-08-05
- **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                            |
|:---|:---|:---|:---|:---|:---|:---|
| GNMA          | 2043-03-15      | 2.5000%  | 0.0000% | $641327.00         | $108193.07         | Agency Debentures and Agency Strips |
| GNMA          | 2055-07-20      | 5.5000%  | 0.0000% | $10062000.00       | $10091806.99       | Agency Debentures and Agency Strips |

### Security 24: CIBC WORLD MARKETS CORP

- **C.1 - Title:** CM 4.29 08/06/25 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: REPO25073, C.5 - Other ID: REPO250730080642
- **C.18 - Value (incl. sponsor support):** $30000000.00
- **C.18.a - Value (excl. sponsor support):** $30000000.00
- **C.19 - Percentage of Net Assets:** 7.2900%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-08-06
- **C.12 - Maturity Date (WAL):** 2025-08-06
- **C.13 - Final Legal Maturity Date:** 2025-08-06
- **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                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2030-04-30      | 3.8750%  | 0.0000% | $263000.00         | $264997.09         | U.S. Treasuries (including strips) |
| USTR          | 2035-01-15      | 2.1250%  | 0.0000% | $1047000.00        | $1084533.96        | U.S. Treasuries (including strips) |
| USTR          | 2034-08-15      | 3.8750%  | 0.0000% | $65600.00          | $64738.04          | U.S. Treasuries (including strips) |
| USTR          | 2034-11-15      | 4.2500%  | 0.0000% | $100.00            | $100.46            | U.S. Treasuries (including strips) |
| USTR          | 2029-09-30      | 3.5000%  | 0.0000% | $97300.00          | $96924.78          | U.S. Treasuries (including strips) |
| USTR          | 2026-01-31      | 4.5309%  | 0.0000% | $200.00            | $200.20            | U.S. Treasuries (including strips) |
| USTR          | 2030-12-31      | 3.7500%  | 0.0000% | $100.00            | $99.21             | U.S. Treasuries (including strips) |
| USTR          | 2034-05-15      | 4.3750%  | 0.0000% | $100.00            | $101.70            | U.S. Treasuries (including strips) |
| USTR          | 2031-06-30      | 4.2500%  | 0.0000% | $80300.00          | $81502.83          | U.S. Treasuries (including strips) |
| USTR          | 2029-12-31      | 3.8750%  | 0.0000% | $179400.00         | $179705.57         | U.S. Treasuries (including strips) |
| USTR          | 2033-07-15      | 1.3750%  | 0.0000% | $31900.00          | $32839.35          | U.S. Treasuries (including strips) |
| USTR          | 2030-08-31      | 4.1250%  | 0.0000% | $736600.00         | $755199.25         | U.S. Treasuries (including strips) |
| USTR          | 2028-04-30      | 3.5000%  | 0.0000% | $100.00            | $99.90             | U.S. Treasuries (including strips) |
| USTR          | 2028-05-31      | 3.6250%  | 0.0000% | $286200.00         | $286027.61         | U.S. Treasuries (including strips) |
| USTR          | 2028-04-15      | 1.2500%  | 0.0000% | $887900.00         | $953375.66         | U.S. Treasuries (including strips) |
| USTR          | 2027-10-31      | 4.1250%  | 0.0000% | $2300.00           | $2334.27           | U.S. Treasuries (including strips) |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $1433200.00        | $1326915.32        | U.S. Treasuries (including strips) |
| USTR          | 2026-05-31      | 0.7500%  | 0.0000% | $186900.00         | $181833.51         | U.S. Treasuries (including strips) |
| USTR          | 2031-11-15      | 1.3750%  | 0.0000% | $798200.00         | $681909.47         | U.S. Treasuries (including strips) |
| USTR          | 2052-02-15      | 2.2500%  | 0.0000% | $38961000.00       | $23946392.16       | U.S. Treasuries (including strips) |
| USTR          | 2029-05-31      | 2.7500%  | 0.0000% | $100.00            | $96.42             | U.S. Treasuries (including strips) |
| USTR          | 2050-08-15      | 1.3750%  | 0.0000% | $200.00            | $98.91             | U.S. Treasuries (including strips) |
| USTR          | 2025-10-31      | 0.2500%  | 0.0000% | $400.00            | $396.19            | U.S. Treasuries (including strips) |
| USTR          | 2031-01-15      | 0.1250%  | 0.0000% | $95200.00          | $109230.94         | U.S. Treasuries (including strips) |
| USTR          | 2027-01-15      | 2.3750%  | 0.0000% | $104200.00         | $168751.59         | U.S. Treasuries (including strips) |
| USTR          | 2045-02-15      | 0.7500%  | 0.0000% | $142000.00         | $141464.66         | U.S. Treasuries (including strips) |
| USTR          | 2026-07-15      | 0.1250%  | 0.0000% | $100.00            | $133.03            | U.S. Treasuries (including strips) |
| USTR          | 2047-08-15      | 2.7500%  | 0.0000% | $700.00            | $502.98            | U.S. Treasuries (including strips) |
| USTR          | 2028-01-15      | 0.5000%  | 0.0000% | $170100.00         | $217602.71         | U.S. Treasuries (including strips) |
| USTR          | 2049-05-15      | 2.8750%  | 0.0000% | $30600.00          | $21929.14          | U.S. Treasuries (including strips) |

### Security 25: BMO CAPITAL MARKETS CORP.

- **C.1 - Title:** BMOCPM 4.32 08/01/25 RP 4.320000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25073, C.5 - Other ID: REPO250731080143
- **C.18 - Value (incl. sponsor support):** $59000000.00
- **C.18.a - Value (excl. sponsor support):** $59000000.00
- **C.19 - Percentage of Net Assets:** 14.3300%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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

**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      | 4.2500%  | 0.0000% | $1000000.00        | $1009577.83        | U.S. Treasuries (including strips) |
| USTR          | 2035-05-15      | 4.2500%  | 0.0000% | $939000.00         | $937776.17         | U.S. Treasuries (including strips) |
| USTR          | 2028-05-15      | 3.7500%  | 0.0000% | $2505300.00        | $2515743.26        | U.S. Treasuries (including strips) |
| USTR          | 2027-12-15      | 4.0000%  | 0.0000% | $5000000.00        | $5036086.61        | U.S. Treasuries (including strips) |
| USTR          | 2027-02-28      | 4.1250%  | 0.0000% | $700.00            | $713.24            | U.S. Treasuries (including strips) |
| USTR          | 2029-11-30      | 4.1250%  | 0.0000% | $400.00            | $405.66            | U.S. Treasuries (including strips) |
| USTR          | 2029-12-31      | 4.3750%  | 0.0000% | $300.00            | $306.31            | U.S. Treasuries (including strips) |
| USTR          | 2026-11-30      | 4.2500%  | 0.0000% | $5000500.00        | $5046871.30        | U.S. Treasuries (including strips) |
| USTR          | 2027-11-15      | 4.1250%  | 0.0000% | $3987400.00        | $4039559.63        | U.S. Treasuries (including strips) |
| USTR          | 2029-01-31      | 4.0000%  | 0.0000% | $5700.00           | $5716.93           | U.S. Treasuries (including strips) |
| USTR          | 2027-05-15      | 4.5000%  | 0.0000% | $23000.00          | $23419.19          | U.S. Treasuries (including strips) |
| USTR          | 2026-06-30      | 4.6250%  | 0.0000% | $600.00            | $604.56            | U.S. Treasuries (including strips) |
| USTR          | 2026-07-31      | 4.3750%  | 0.0000% | $300.00            | $300.56            | U.S. Treasuries (including strips) |
| USTR          | 2031-06-30      | 4.2500%  | 0.0000% | $700.00            | $709.21            | U.S. Treasuries (including strips) |
| USTR          | 2028-10-31      | 4.8750%  | 0.0000% | $5800.00           | $6041.49           | U.S. Treasuries (including strips) |
| USTR          | 2030-07-31      | 4.0000%  | 0.0000% | $300.00            | $300.27            | U.S. Treasuries (including strips) |
| USTR          | 2033-08-15      | 3.8750%  | 0.0000% | $133500.00         | $132532.84         | U.S. Treasuries (including strips) |
| USTR          | 2028-08-31      | 4.3750%  | 0.0000% | $100.00            | $103.18            | U.S. Treasuries (including strips) |
| USTR          | 2028-04-15      | 1.2500%  | 0.0000% | $468000.00         | $502699.89         | U.S. Treasuries (including strips) |
| USTR          | 2029-10-31      | 4.0000%  | 0.0000% | $470700.00         | $476527.27         | U.S. Treasuries (including strips) |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $8400.00           | $7773.54           | U.S. Treasuries (including strips) |
| USTR          | 2028-07-31      | 1.0000%  | 0.0000% | $5255800.00        | $4828834.58        | U.S. Treasuries (including strips) |
| USTR          | 2026-07-31      | 0.6250%  | 0.0000% | $736300.00         | $710952.87         | U.S. Treasuries (including strips) |
| USTR          | 2031-08-15      | 1.2500%  | 0.0000% | $1624000.00        | $1388953.68        | U.S. Treasuries (including strips) |
| USTR          | 2026-11-30      | 1.2500%  | 0.0000% | $300.00            | $289.74            | U.S. Treasuries (including strips) |
| USTR          | 2029-04-30      | 2.8750%  | 0.0000% | $100.00            | $97.13             | U.S. Treasuries (including strips) |
| USTR          | 2032-05-15      | 2.8750%  | 0.0000% | $36000.00          | $33518.00          | U.S. Treasuries (including strips) |
| USTR          | 2030-11-15      | 0.8750%  | 0.0000% | $100.00            | $85.43             | U.S. Treasuries (including strips) |
| USTR          | 2025-12-31      | 0.3750%  | 0.0000% | $3000.00           | $2951.91           | U.S. Treasuries (including strips) |
| USTR          | 2032-04-15      | 3.3750%  | 0.0000% | $600.00            | $1218.61           | U.S. Treasuries (including strips) |
| USTR          | 2025-11-15      | 2.2500%  | 0.0000% | $5500.00           | $5491.00           | U.S. Treasuries (including strips) |
| USTR          | 2026-01-15      | 0.6250%  | 0.0000% | $11833900.00       | $15936041.30       | U.S. Treasuries (including strips) |
| USTR          | 2026-05-15      | 1.6250%  | 0.0000% | $15000.00          | $14756.25          | U.S. Treasuries (including strips) |
| USTR          | 2026-03-31      | 2.2500%  | 0.0000% | $15000.00          | $14916.54          | U.S. Treasuries (including strips) |
| USTR          | 2049-05-15      | 2.8750%  | 0.0000% | $200.00            | $142.28            | U.S. Treasuries (including strips) |
| USTR          | 2027-01-31      | 1.5000%  | 0.0000% | $5000.00           | $4816.72           | U.S. Treasuries (including strips) |
| USTR          | 2030-02-15      | 1.5000%  | 0.0000% | $19297900.00       | $17492223.54       | U.S. Treasuries (including strips) |
| USTR          | 2030-01-15      | 0.1250%  | 0.0000% | $800.00            | $945.11            | U.S. Treasuries (including strips) |

### Security 26: CIT GROUPMKTS

- **C.1 - Title:** CITGMK 4.34 08/07/25 RP 4.340000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25073, C.5 - Other ID: REPO250731080743
- **C.18 - Value (incl. sponsor support):** $30000000.00
- **C.18.a - Value (excl. sponsor support):** $30000000.00
- **C.19 - Percentage of Net Assets:** 7.2900%
- **C.17 - Yield as of Reporting Date:** 4.3400%
- **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? 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          | 2029-03-31      | 4.1250%  | 0.0000% | $22130500.00       | $22593669.23       | U.S. Treasuries (including strips) |
| USTR          | 2032-11-15      | 4.1250%  | 0.0000% | $7963500.00        | $8006432.14        | U.S. Treasuries (including strips) |

## N-MFP: Signatures

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

**Date:** 2025-08-06

**By:** Sandi Brents

**Name of Signing Officer:** Sandi Brents

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