# EDGAR Filing Document

**Accession Number:** 0001947660
**File Stem:** 0001193125-26-005564
**Filing Date:** 2026-1
**Character Count:** 33655
**Document Hash:** 60183dfd651c64a9d9fceefe998998c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-005564.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0001193125-26-005564

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Popular U.S. Government Money Market Fund, LLC
- **CENTRAL INDEX KEY:** 0001947660

**ORGANIZATION NAME:**
- **EIN:** 661020075
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23868
- **FILM NUMBER:** 26514266

**BUSINESS ADDRESS:**
- **STREET 1:** POPULAR CENTER, NORTH BUILDING 2ND LEVEL
- **STREET 2:** 209 MUNOZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 787-754-4488

**MAIL ADDRESS:**
- **STREET 1:** POPULAR CENTER, NORTH BUILDING 2ND LEVEL
- **STREET 2:** 209 MUNOZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

## Series and Classes Contracts Data

### Popular U.S. Government Money Market Fund, LLC (Series ID: S000080765)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000243299 | Class A Withholding Shares                   | MMYXX           |
| C000243300 | Class I Institutional Withholding Shares     | MMFXX           |
| C000248258 | Class A Non-Withholding Shares               | MMTXX           |
| C000248259 | Class I Institutional Non-Withholding Shares | MMGXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0001947660

### General Information

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

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

**CIK Number of Registrant:** 0001947660

**LEI of Registrant:** 254900LABPXNR5C4GB73

**Name of Series:** Popular U.S. Government Money Market Fund, LLC

**LEI of Series:** 254900LABPXNR5C4GB73

**EDGAR Series Identifier:** S000080765

**Total number of share classes in the series:** 4

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                          | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Popular Asset Management LLC                     | 801-120872        |
| Independent Public Accountant | Ernst & Young LLP<br>City: San Juan<br>State: PR |  |
| Administrator                 | Apex Fund Services                               |  |
| Transfer Agent                | Apex Fund Services<br>CIK: 0001419200            | 084-06277         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 333-271265

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Government

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** No

- **WAM:** 5 days

- **WAL:** 5 days

- **Total Value of Portfolio Securities:** $1334395964.83

- **Amortized Cost of Portfolio Securities:** $1334395964.83

- **Cash:** $172776.91

- **Total Other Assets:** $44823.89

- **Total Liabilities:** $4124452.46

- **Net Assets of Series:** $1330489113.17

- **Number of Shares Outstanding (Series):** 1330489106.5000

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

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

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-12-01 | $762674331.64             | $1309460250.91             | 58.2300%                  | 99.9700%                   |
| 2025-12-02 | $829575615.37             | $1315152626.45             | 63.0700%                  | 99.9900%                   |
| 2025-12-03 | $664300749.89             | $1317765273.48             | 50.4000%                  | 99.9800%                   |
| 2025-12-04 | $667336616.15             | $1310753915.84             | 50.9000%                  | 99.9800%                   |
| 2025-12-05 | $661944216.14             | $1313488895.15             | 50.4000%                  | 100.0100%                  |
| 2025-12-08 | $435480082.40             | $1304165738.34             | 33.3900%                  | 99.9800%                   |
| 2025-12-09 | $544899430.14             | $1291457514.41             | 42.1800%                  | 99.9800%                   |
| 2025-12-10 | $591045093.38             | $1287647802.09             | 45.9000%                  | 99.9900%                   |
| 2025-12-11 | $766174432.86             | $1286155118.76             | 59.5600%                  | 99.9900%                   |
| 2025-12-12 | $857578914.65             | $1307084607.18             | 65.6100%                  | 100.0100%                  |
| 2025-12-15 | $738512484.85             | $1278740506.11             | 57.7500%                  | 99.9900%                   |
| 2025-12-16 | $751550892.28             | $1287237383.88             | 58.3800%                  | 99.9900%                   |
| 2025-12-17 | $521593286.74             | $1283631233.62             | 40.6300%                  | 99.9900%                   |
| 2025-12-18 | $728483839.62             | $1265149269.83             | 57.5700%                  | 99.9800%                   |
| 2025-12-19 | $747344763.32             | $1287728505.00             | 58.0400%                  | 100.0100%                  |
| 2025-12-22 | $632657138.40             | $1273037655.71             | 49.6900%                  | 99.9900%                   |
| 2025-12-23 | $689683092.06             | $1270443145.56             | 54.2800%                  | 99.9900%                   |
| 2025-12-24 | $701288703.82             | $1302257305.93             | 53.8500%                  | 99.9900%                   |
| 2025-12-26 | $772078949.10             | $1288266200.82             | 59.9400%                  | 100.0100%                  |
| 2025-12-29 | $587221992.45             | $1330837174.42             | 44.1200%                  | 99.9900%                   |
| 2025-12-30 | $690690766.96             | $1325934128.10             | 52.0800%                  | 99.9900%                   |
| 2025-12-31 | $699149351.18             | $1334516080.01             | 52.3900%                  | 99.9900%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-12-01 | 3.9000%             |
| 2025-12-02 | 3.9000%             |
| 2025-12-03 | 3.9000%             |
| 2025-12-04 | 3.9000%             |
| 2025-12-05 | 3.8900%             |
| 2025-12-08 | 3.8400%             |
| 2025-12-09 | 3.8200%             |
| 2025-12-10 | 3.7900%             |
| 2025-12-11 | 3.7600%             |
| 2025-12-12 | 3.7400%             |
| 2025-12-15 | 3.6800%             |
| 2025-12-16 | 3.6700%             |
| 2025-12-17 | 3.6600%             |
| 2025-12-18 | 3.6600%             |
| 2025-12-19 | 3.6500%             |
| 2025-12-22 | 3.6300%             |
| 2025-12-23 | 3.6200%             |
| 2025-12-24 | 3.6200%             |
| 2025-12-26 | 3.6100%             |
| 2025-12-29 | 3.6100%             |
| 2025-12-30 | 3.6100%             |
| 2025-12-31 | 3.6000%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-12-01 | 1.0000                      |
|  |  |
| 2025-12-02 | 1.0000                      |
|  |  |
| 2025-12-03 | 1.0000                      |
|  |  |
| 2025-12-04 | 1.0000                      |
|  |  |
| 2025-12-05 | 0.9998                      |
|  |  |
| 2025-12-08 | 1.0000                      |
|  |  |
| 2025-12-09 | 0.9999                      |
|  |  |
| 2025-12-10 | 1.0000                      |
|  |  |
| 2025-12-11 | 1.0000                      |
|  |  |
| 2025-12-12 | 0.9999                      |
|  |  |
| 2025-12-15 | 1.0000                      |
|  |  |
| 2025-12-16 | 1.0000                      |
|  |  |
| 2025-12-17 | 1.0000                      |
|  |  |
| 2025-12-18 | 1.0000                      |
|  |  |
| 2025-12-19 | 0.9998                      |
|  |  |
| 2025-12-22 | 1.0000                      |
|  |  |
| 2025-12-23 | 1.0000                      |
|  |  |
| 2025-12-24 | 0.9999                      |
|  |  |
| 2025-12-26 | 0.9998                      |
|  |  |
| 2025-12-29 | 0.9999                      |
|  |  |
| 2025-12-30 | 0.9999                      |
|  |  |
| 2025-12-31 | 0.9999                      |
|  |  |

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

### Class: Class A Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $633950171.79

- **Number of Shares Outstanding:** 633950146.1300

- **Expense Reimbursement/Waiver:** 14068.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-12-01 | 1.0000          |
|  |  |
| 2025-12-02 | 1.0000          |
|  |  |
| 2025-12-03 | 1.0000          |
|  |  |
| 2025-12-04 | 1.0000          |
|  |  |
| 2025-12-05 | 0.9998          |
|  |  |
| 2025-12-08 | 1.0000          |
|  |  |
| 2025-12-09 | 0.9999          |
|  |  |
| 2025-12-10 | 1.0000          |
|  |  |
| 2025-12-11 | 1.0000          |
|  |  |
| 2025-12-12 | 0.9999          |
|  |  |
| 2025-12-15 | 1.0000          |
|  |  |
| 2025-12-16 | 1.0000          |
|  |  |
| 2025-12-17 | 1.0000          |
|  |  |
| 2025-12-18 | 1.0000          |
|  |  |
| 2025-12-19 | 0.9998          |
|  |  |
| 2025-12-22 | 1.0000          |
|  |  |
| 2025-12-23 | 1.0000          |
|  |  |
| 2025-12-24 | 0.9999          |
|  |  |
| 2025-12-26 | 0.9998          |
|  |  |
| 2025-12-29 | 0.9999          |
|  |  |
| 2025-12-30 | 0.9999          |
|  |  |
| 2025-12-31 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-12-01 | $12982178.82              | $2176579.35             |
| 2025-12-02 | $7938558.00               | $3400635.76             |
| 2025-12-03 | $5751993.69               | $8365740.00             |
| 2025-12-04 | $7149886.54               | $8885496.57             |
| 2025-12-05 | $12956091.36              | $7172786.56             |
| 2025-12-08 | $773871.77                | $7578779.20             |
| 2025-12-09 | $1799016.36               | $8407951.59             |
| 2025-12-10 | $3894402.66               | $5134750.60             |
| 2025-12-11 | $2168096.06               | $1668479.12             |
| 2025-12-12 | $16364480.48              | $4250429.51             |
| 2025-12-15 | $3543567.95               | $20409885.16            |
| 2025-12-16 | $9666981.95               | $4793487.32             |
| 2025-12-17 | $7109119.70               | $6028547.83             |
| 2025-12-18 | $1242008.54               | $6590422.44             |
| 2025-12-19 | $19145422.30              | $5782532.19             |
| 2025-12-22 | $1198159.65               | $14634733.22            |
| 2025-12-23 | $4509718.67               | $2232906.11             |
| 2025-12-24 | $11406259.76              | $3928277.52             |
| 2025-12-26 | $4090091.84               | $7954058.76             |
| 2025-12-29 | $16549308.37              | $15090326.06            |
| 2025-12-30 | $3664192.75               | $5943364.09             |
| 2025-12-31 | $8993372.01               | $2829347.11             |

**Total Gross Subscriptions (Month):** $162896779.23

**Total Gross Redemptions (Month):** $153259516.07

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-12-01 | 3.3900%           |
| 2025-12-02 | 3.3900%           |
| 2025-12-03 | 3.3900%           |
| 2025-12-04 | 3.3800%           |
| 2025-12-05 | 3.3500%           |
| 2025-12-08 | 3.3300%           |
| 2025-12-09 | 3.3100%           |
| 2025-12-10 | 3.2800%           |
| 2025-12-11 | 3.2400%           |
| 2025-12-12 | 3.1800%           |
| 2025-12-15 | 3.1600%           |
| 2025-12-16 | 3.1500%           |
| 2025-12-17 | 3.1400%           |
| 2025-12-18 | 3.1400%           |
| 2025-12-19 | 3.1100%           |
| 2025-12-22 | 3.1000%           |
| 2025-12-23 | 3.1000%           |
| 2025-12-24 | 3.0900%           |
| 2025-12-26 | 3.0900%           |
| 2025-12-29 | 3.0900%           |
| 2025-12-30 | 3.0900%           |
| 2025-12-31 | 3.0700%           |

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

### Class: Class I Institutional Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $7022549.68

- **Number of Shares Outstanding:** 7022558.5400

- **Expense Reimbursement/Waiver:** 135.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-12-01 | 1.0000          |
|  |  |
| 2025-12-02 | 1.0000          |
|  |  |
| 2025-12-03 | 1.0000          |
|  |  |
| 2025-12-04 | 1.0000          |
|  |  |
| 2025-12-05 | 0.9998          |
|  |  |
| 2025-12-08 | 1.0000          |
|  |  |
| 2025-12-09 | 0.9999          |
|  |  |
| 2025-12-10 | 1.0000          |
|  |  |
| 2025-12-11 | 1.0000          |
|  |  |
| 2025-12-12 | 0.9999          |
|  |  |
| 2025-12-15 | 1.0000          |
|  |  |
| 2025-12-16 | 1.0000          |
|  |  |
| 2025-12-17 | 1.0000          |
|  |  |
| 2025-12-18 | 1.0000          |
|  |  |
| 2025-12-19 | 0.9998          |
|  |  |
| 2025-12-22 | 1.0000          |
|  |  |
| 2025-12-23 | 1.0000          |
|  |  |
| 2025-12-24 | 0.9999          |
|  |  |
| 2025-12-26 | 0.9998          |
|  |  |
| 2025-12-29 | 0.9999          |
|  |  |
| 2025-12-30 | 0.9999          |
|  |  |
| 2025-12-31 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-12-01 | $20900.07                 | $95413.79               |
| 2025-12-02 | $110914.15                | $28583.68               |
| 2025-12-03 | $196141.32                | $53168.15               |
| 2025-12-04 | $12886.05                 | $11666.46               |
| 2025-12-05 | $235163.74                | $176388.25              |
| 2025-12-08 | $571333.74                | $215286.84              |
| 2025-12-09 | $1100867.95               | $245207.65              |
| 2025-12-10 | $71203.83                 | $505896.53              |
| 2025-12-11 | $394703.41                | $1143067.14             |
| 2025-12-12 | $409190.21                | $54465.76               |
| 2025-12-15 | $172877.36                | $212951.37              |
| 2025-12-16 | $106028.98                | $9729.02                |
| 2025-12-17 | $10595.31                 | $426077.27              |
| 2025-12-18 | $258.91                   | $86067.00               |
| 2025-12-19 | $521553.95                | $413327.41              |
| 2025-12-22 | $598654.63                | $27846.97               |
| 2025-12-23 | $1621478.46               | $450880.26              |
| 2025-12-24 | $302777.58                | $1427715.59             |
| 2025-12-26 | $212624.15                | $40452.33               |
| 2025-12-29 | $19683.85                 | $253041.40              |
| 2025-12-30 | $574842.81                | $125409.57              |
| 2025-12-31 | $12817.42                 | $38996.30               |

**Total Gross Subscriptions (Month):** $7277497.88

**Total Gross Redemptions (Month):** $6041638.74

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-12-01 | 3.2900%           |
| 2025-12-02 | 3.2900%           |
| 2025-12-03 | 3.2900%           |
| 2025-12-04 | 3.2800%           |
| 2025-12-05 | 3.2500%           |
| 2025-12-08 | 3.2300%           |
| 2025-12-09 | 3.2000%           |
| 2025-12-10 | 3.1800%           |
| 2025-12-11 | 3.1400%           |
| 2025-12-12 | 3.0700%           |
| 2025-12-15 | 3.0600%           |
| 2025-12-16 | 3.0500%           |
| 2025-12-17 | 3.0400%           |
| 2025-12-18 | 3.0300%           |
| 2025-12-19 | 3.0100%           |
| 2025-12-22 | 3.0000%           |
| 2025-12-23 | 2.9900%           |
| 2025-12-24 | 2.9900%           |
| 2025-12-26 | 2.9900%           |
| 2025-12-29 | 2.9900%           |
| 2025-12-30 | 2.9800%           |
| 2025-12-31 | 2.9800%           |

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

### Class: Class A Non-Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $674031419.14

- **Number of Shares Outstanding:** 674031426.8700

- **Expense Reimbursement/Waiver:** 14165.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-12-01 | 1.0000          |
|  |  |
| 2025-12-02 | 1.0000          |
|  |  |
| 2025-12-03 | 1.0000          |
|  |  |
| 2025-12-04 | 1.0000          |
|  |  |
| 2025-12-05 | 0.9998          |
|  |  |
| 2025-12-08 | 1.0000          |
|  |  |
| 2025-12-09 | 0.9999          |
|  |  |
| 2025-12-10 | 1.0000          |
|  |  |
| 2025-12-11 | 1.0000          |
|  |  |
| 2025-12-12 | 0.9999          |
|  |  |
| 2025-12-15 | 1.0000          |
|  |  |
| 2025-12-16 | 1.0000          |
|  |  |
| 2025-12-17 | 1.0000          |
|  |  |
| 2025-12-18 | 1.0000          |
|  |  |
| 2025-12-19 | 0.9998          |
|  |  |
| 2025-12-22 | 1.0000          |
|  |  |
| 2025-12-23 | 1.0000          |
|  |  |
| 2025-12-24 | 0.9999          |
|  |  |
| 2025-12-26 | 0.9998          |
|  |  |
| 2025-12-29 | 0.9999          |
|  |  |
| 2025-12-30 | 0.9999          |
|  |  |
| 2025-12-31 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-12-01 | $17188923.10              | $4529412.15             |
| 2025-12-02 | $6683061.50               | $7303669.89             |
| 2025-12-03 | $4973042.60               | $2676431.50             |
| 2025-12-04 | $836074.56                | $6844962.99             |
| 2025-12-05 | $16468724.15              | $19991533.54            |
| 2025-12-08 | $933987.54                | $3826354.89             |
| 2025-12-09 | $1883827.80               | $9001798.74             |
| 2025-12-10 | $5058294.69               | $7429116.62             |
| 2025-12-11 | $1372934.22               | $2594020.74             |
| 2025-12-12 | $16121757.33              | $7260361.89             |
| 2025-12-15 | $1808676.65               | $13625164.39            |
| 2025-12-16 | $5399144.22               | $1703946.23             |
| 2025-12-17 | $8169078.89               | $12446305.21            |
| 2025-12-18 | $392523.94                | $10334167.91            |
| 2025-12-19 | $12309130.71              | $3705049.44             |
| 2025-12-22 | $2115019.76               | $4000206.64             |
| 2025-12-23 | $2439173.54               | $8684611.53             |
| 2025-12-24 | $27647582.09              | $2575578.01             |
| 2025-12-26 | $1816269.26               | $12347591.18            |
| 2025-12-29 | $45820676.43              | $4630980.17             |
| 2025-12-30 | $734190.24                | $4016407.49             |
| 2025-12-31 | $3463900.88               | $1499258.63             |

**Total Gross Subscriptions (Month):** $183635994.10

**Total Gross Redemptions (Month):** $151026929.78

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-12-01 | 3.3900%           |
| 2025-12-02 | 3.3900%           |
| 2025-12-03 | 3.3900%           |
| 2025-12-04 | 3.3800%           |
| 2025-12-05 | 3.3500%           |
| 2025-12-08 | 3.3300%           |
| 2025-12-09 | 3.3100%           |
| 2025-12-10 | 3.2800%           |
| 2025-12-11 | 3.2400%           |
| 2025-12-12 | 3.1800%           |
| 2025-12-15 | 3.1600%           |
| 2025-12-16 | 3.1500%           |
| 2025-12-17 | 3.1400%           |
| 2025-12-18 | 3.1400%           |
| 2025-12-19 | 3.1100%           |
| 2025-12-22 | 3.1000%           |
| 2025-12-23 | 3.1000%           |
| 2025-12-24 | 3.0900%           |
| 2025-12-26 | 3.0900%           |
| 2025-12-29 | 3.0900%           |
| 2025-12-30 | 3.0900%           |
| 2025-12-31 | 3.0700%           |

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

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

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $15484972.56

- **Number of Shares Outstanding:** 15484974.9600

- **Expense Reimbursement/Waiver:** 1003.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-12-01 | 1.0000          |
|  |  |
| 2025-12-02 | 1.0000          |
|  |  |
| 2025-12-03 | 1.0000          |
|  |  |
| 2025-12-04 | 1.0000          |
|  |  |
| 2025-12-05 | 0.9998          |
|  |  |
| 2025-12-08 | 1.0000          |
|  |  |
| 2025-12-09 | 0.9999          |
|  |  |
| 2025-12-10 | 1.0000          |
|  |  |
| 2025-12-11 | 1.0000          |
|  |  |
| 2025-12-12 | 0.9999          |
|  |  |
| 2025-12-15 | 1.0000          |
|  |  |
| 2025-12-16 | 1.0000          |
|  |  |
| 2025-12-17 | 1.0000          |
|  |  |
| 2025-12-18 | 1.0000          |
|  |  |
| 2025-12-19 | 0.9998          |
|  |  |
| 2025-12-22 | 1.0000          |
|  |  |
| 2025-12-23 | 1.0000          |
|  |  |
| 2025-12-24 | 0.9999          |
|  |  |
| 2025-12-26 | 0.9998          |
|  |  |
| 2025-12-29 | 0.9999          |
|  |  |
| 2025-12-30 | 0.9999          |
|  |  |
| 2025-12-31 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-12-01 | $214500.35                | $22712.12               |
| 2025-12-02 | $1428579.85               | $74150.16               |
| 2025-12-03 | $2772690.18               | $51700.05               |
| 2025-12-04 | $835787.05                | $184203.79              |
| 2025-12-05 | $890762.03                | $403285.18              |
| 2025-12-08 | $3459.04                  | $90634.58               |
| 2025-12-09 | $93555.88                 | $27497.02               |
| 2025-12-10 | $600460.78                | $577606.85              |
| 2025-12-11 | $20997.39                 | $135649.27              |
| 2025-12-12 | $139231.54                | $933185.70              |
| 2025-12-15 | $325843.04                | $65541.95               |
| 2025-12-16 | $144016.47                | $491935.93              |
| 2025-12-17 | $251215.68                | $372299.12              |
| 2025-12-18 | $48117.07                 | $3175252.38             |
| 2025-12-19 | $398585.75                | $337698.30              |
| 2025-12-22 | $72953.76                 | $146000.31              |
| 2025-12-23 | $165186.38                | $67267.83               |
| 2025-12-24 | $244567.32                | $4794.11                |
| 2025-12-26 | $109831.30                | $370175.31              |
| 2025-12-29 | $10332.70                 | $15516.13               |
| 2025-12-30 | $136015.21                | $3223.48                |
| 2025-12-31 | $270436.96                | $7183.33                |

**Total Gross Subscriptions (Month):** $9177125.73

**Total Gross Redemptions (Month):** $7557512.90

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-12-01 | 3.4500%           |
| 2025-12-02 | 3.4600%           |
| 2025-12-03 | 3.4600%           |
| 2025-12-04 | 3.4500%           |
| 2025-12-05 | 3.4200%           |
| 2025-12-08 | 3.3900%           |
| 2025-12-09 | 3.3700%           |
| 2025-12-10 | 3.3400%           |
| 2025-12-11 | 3.3100%           |
| 2025-12-12 | 3.2400%           |
| 2025-12-15 | 3.2300%           |
| 2025-12-16 | 3.2200%           |
| 2025-12-17 | 3.2100%           |
| 2025-12-18 | 3.2000%           |
| 2025-12-19 | 3.1800%           |
| 2025-12-22 | 3.1700%           |
| 2025-12-23 | 3.1600%           |
| 2025-12-24 | 3.1600%           |
| 2025-12-26 | 3.1600%           |
| 2025-12-29 | 3.1500%           |
| 2025-12-30 | 3.1500%           |
| 2025-12-31 | 3.1400%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 99.3100%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: FHLB DISCOUNT NOTE

- **C.1 - Title:** FHLB DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385RK4, C.4 - ISIN: US313385RK41, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $34585967.78
- **C.18.a - Value (excl. sponsor support):** $34585967.78
- **C.19 - Percentage of Net Assets:** 2.6000%
- **C.17 - Yield as of Reporting Date:** 3.6600%
- **C.11 - Maturity Date (WAM):** 2026-01-05
- **C.12 - Maturity Date (WAL):** 2026-01-05
- **C.13 - Final Legal Maturity Date:** 2026-01-05
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: FNMA DISCOUNT NOTE

- **C.1 - Title:** FNMA DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589RK1, C.4 - ISIN: US313589RK11, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $195421456.73
- **C.18.a - Value (excl. sponsor support):** $195421456.73
- **C.19 - Percentage of Net Assets:** 14.6900%
- **C.17 - Yield as of Reporting Date:** 3.6200%
- **C.11 - Maturity Date (WAM):** 2026-01-05
- **C.12 - Maturity Date (WAL):** 2026-01-05
- **C.13 - Final Legal Maturity Date:** 2026-01-05
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: FNMA DISCOUNT NOTE

- **C.1 - Title:** FNMA DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589RM7, C.4 - ISIN: US313589RM76, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $242362179.20
- **C.18.a - Value (excl. sponsor support):** $242362179.20
- **C.19 - Percentage of Net Assets:** 18.2200%
- **C.17 - Yield as of Reporting Date:** 3.4100%
- **C.11 - Maturity Date (WAM):** 2026-01-07
- **C.12 - Maturity Date (WAL):** 2026-01-07
- **C.13 - Final Legal Maturity Date:** 2026-01-07
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: FNMA DISCOUNT NOTE

- **C.1 - Title:** FNMA DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589RP0, C.4 - ISIN: US313589RP08, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $162935441.29
- **C.18.a - Value (excl. sponsor support):** $162935441.29
- **C.19 - Percentage of Net Assets:** 12.2500%
- **C.17 - Yield as of Reporting Date:** 3.4400%
- **C.11 - Maturity Date (WAM):** 2026-01-09
- **C.12 - Maturity Date (WAL):** 2026-01-09
- **C.13 - Final Legal Maturity Date:** 2026-01-09
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RA7, C.4 - ISIN: US912797RA77, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $260073997.49
- **C.18.a - Value (excl. sponsor support):** $260073997.49
- **C.19 - Percentage of Net Assets:** 19.5500%
- **C.17 - Yield as of Reporting Date:** 3.6100%
- **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
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RH2, C.4 - ISIN: US912797RH21, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $109126723.74
- **C.18.a - Value (excl. sponsor support):** $109126723.74
- **C.19 - Percentage of Net Assets:** 8.2000%
- **C.17 - Yield as of Reporting Date:** 3.4500%
- **C.11 - Maturity Date (WAM):** 2026-01-08
- **C.12 - Maturity Date (WAL):** 2026-01-08
- **C.13 - Final Legal Maturity Date:** 2026-01-08
- **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: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797SE8, C.4 - ISIN: US912797SE80, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $229890198.60
- **C.18.a - Value (excl. sponsor support):** $229890198.60
- **C.19 - Percentage of Net Assets:** 17.2800%
- **C.17 - Yield as of Reporting Date:** 3.4400%
- **C.11 - Maturity Date (WAM):** 2026-01-06
- **C.12 - Maturity Date (WAL):** 2026-01-06
- **C.13 - Final Legal Maturity Date:** 2026-01-06
- **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: FIXED INCOME CLEARING CORPORATION (REPO BNY)

- **C.1 - Title:** FIXED INCOME CLEARING CORPORATION (REPO BNY) 3.700000%
- **C.6 - Investment Category:** U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $100000000.00
- **C.18.a - Value (excl. sponsor support):** $100000000.00
- **C.19 - Percentage of Net Assets:** 7.5200%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **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
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** Yes

- **Name of CCP:** FIXED INCOME CLEARING CORPORATION

- **Is Tri-party?:** Yes

**Collateral:**
| Issuer Name                                  | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2027-10-31      | 0.0000%  | 0.0000% | $31695000.00       | $31899647.96       | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2028-03-15      | 0.0000%  | 0.0000% | $12472500.00       | $12721709.65       | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2027-10-15      | 0.0000%  | 0.0000% | $53793700.00       | $54613683.58       | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2027-04-30      | 0.0000%  | 0.0000% | $2800000.00        | $2785994.34        | U.S. Treasuries (including strips) |

## N-MFP: Signatures

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

**Date:** 2026-01-07

**By:** /s/James Gallo

**Name of Signing Officer:** James Gallo

**Title of Signing Officer:** Treasurer