# EDGAR Filing Document

**Accession Number:** 0001947660
**File Stem:** 0001145549-25-038456
**Filing Date:** 2025-6
**Character Count:** 33606
**Document Hash:** 8f494f5577040cfff8cb8b1f39d38f08
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-038456.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0001145549-25-038456

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 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:** 251022406

**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):** 2025-05-30

**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:** 3 days

- **WAL:** 3 days

- **Total Value of Portfolio Securities:** $975373377.11

- **Amortized Cost of Portfolio Securities:** $975373377.11

- **Cash:** $132545.26

- **Total Other Assets:** $33885.57

- **Total Liabilities:** $3449113.62

- **Net Assets of Series:** $972090694.32

- **Number of Shares Outstanding (Series):** 972091296.2700

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-05-01 | $238600000.00             | $797137348.00              | 29.9200%                  | 99.9700%                   |
| 2025-05-02 | $236300000.00             | $805880189.35              | 29.3200%                  | 100.0100%                  |
| 2025-05-05 | $243400000.00             | $812280629.95              | 29.9600%                  | 99.9800%                   |
| 2025-05-06 | $242500000.00             | $810735938.66              | 29.9100%                  | 99.9800%                   |
| 2025-05-07 | $243800000.00             | $808542370.55              | 30.1500%                  | 99.9900%                   |
| 2025-05-08 | $242700000.00             | $818217777.88              | 29.6600%                  | 99.9800%                   |
| 2025-05-09 | $263600000.00             | $825747296.35              | 31.9200%                  | 100.0100%                  |
| 2025-05-12 | $270000000.00             | $894080976.35              | 30.1900%                  | 99.9900%                   |
| 2025-05-13 | $266200000.00             | $886323280.46              | 30.0300%                  | 99.9800%                   |
| 2025-05-14 | $267200000.00             | $929152593.83              | 28.7500%                  | 99.9800%                   |
| 2025-05-15 | $265800000.00             | $933742879.18              | 28.4600%                  | 99.9800%                   |
| 2025-05-16 | $277800000.00             | $954342004.68              | 29.1100%                  | 100.0000%                  |
| 2025-05-19 | $286300000.00             | $954554926.33              | 29.9900%                  | 99.9800%                   |
| 2025-05-20 | $282950000.00             | $948066631.91              | 29.8400%                  | 99.9900%                   |
| 2025-05-21 | $275000000.00             | $965639571.83              | 28.4700%                  | 99.9900%                   |
| 2025-05-22 | $279400000.00             | $956273172.38              | 29.2100%                  | 99.9900%                   |
| 2025-05-23 | $285000000.00             | $986357012.05              | 28.9000%                  | 100.0200%                  |
| 2025-05-27 | $297700000.00             | $959012574.69              | 31.0400%                  | 99.9900%                   |
| 2025-05-28 | $287600000.00             | $975172135.52              | 29.4900%                  | 99.9900%                   |
| 2025-05-29 | $299650000.00             | $962906968.55              | 31.1100%                  | 99.9800%                   |
| 2025-05-30 | $287300000.00             | $975487081.47              | 29.4500%                  | 100.0100%                  |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-05-01 | 4.2700%             |
| 2025-05-02 | 4.2700%             |
| 2025-05-05 | 4.2800%             |
| 2025-05-06 | 4.2900%             |
| 2025-05-07 | 4.2900%             |
| 2025-05-08 | 4.2900%             |
| 2025-05-09 | 4.2900%             |
| 2025-05-12 | 4.2800%             |
| 2025-05-13 | 4.2700%             |
| 2025-05-14 | 4.2700%             |
| 2025-05-15 | 4.2700%             |
| 2025-05-16 | 4.2700%             |
| 2025-05-19 | 4.2700%             |
| 2025-05-20 | 4.2700%             |
| 2025-05-21 | 4.2600%             |
| 2025-05-22 | 4.2600%             |
| 2025-05-23 | 4.2600%             |
| 2025-05-27 | 4.2600%             |
| 2025-05-28 | 4.2600%             |
| 2025-05-29 | 4.2600%             |
| 2025-05-30 | 4.2700%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-05-01 | 0.9999                      |
|  |  |
| 2025-05-02 | 0.9997                      |
|  |  |
| 2025-05-05 | 0.9999                      |
|  |  |
| 2025-05-06 | 0.9999                      |
|  |  |
| 2025-05-07 | 0.9999                      |
|  |  |
| 2025-05-08 | 0.9999                      |
|  |  |
| 2025-05-09 | 0.9997                      |
|  |  |
| 2025-05-12 | 0.9999                      |
|  |  |
| 2025-05-13 | 0.9999                      |
|  |  |
| 2025-05-14 | 0.9999                      |
|  |  |
| 2025-05-15 | 0.9999                      |
|  |  |
| 2025-05-16 | 0.9997                      |
|  |  |
| 2025-05-19 | 0.9999                      |
|  |  |
| 2025-05-20 | 0.9999                      |
|  |  |
| 2025-05-21 | 0.9999                      |
|  |  |
| 2025-05-22 | 0.9999                      |
|  |  |
| 2025-05-23 | 0.9995                      |
|  |  |
| 2025-05-27 | 0.9999                      |
|  |  |
| 2025-05-28 | 0.9999                      |
|  |  |
| 2025-05-29 | 0.9999                      |
|  |  |
| 2025-05-30 | 0.9997                      |
|  |  |

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

### Class: Class A Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $418295983.59

- **Number of Shares Outstanding:** 418296204.6400

- **Expense Reimbursement/Waiver:** 5228.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9999          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9999          |
|  |  |
| 2025-05-06 | 0.9999          |
|  |  |
| 2025-05-07 | 0.9999          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9997          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9997          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 0.9999          |
|  |  |
| 2025-05-22 | 0.9999          |
|  |  |
| 2025-05-23 | 0.9995          |
|  |  |
| 2025-05-27 | 0.9999          |
|  |  |
| 2025-05-28 | 0.9999          |
|  |  |
| 2025-05-29 | 0.9999          |
|  |  |
| 2025-05-30 | 0.9997          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $5175709.10               | $5224755.13             |
| 2025-05-02 | $5765386.73               | $2413630.84             |
| 2025-05-05 | $1008384.32               | $7149955.62             |
| 2025-05-06 | $4598139.23               | $2950839.09             |
| 2025-05-07 | $3534803.08               | $1139765.77             |
| 2025-05-08 | $13999754.12              | $4391651.07             |
| 2025-05-09 | $8758709.11               | $4966780.46             |
| 2025-05-12 | $3808222.06               | $3924163.78             |
| 2025-05-13 | $1866953.63               | $4892159.95             |
| 2025-05-14 | $4217312.25               | $20031032.34            |
| 2025-05-15 | $7836143.57               | $2597960.49             |
| 2025-05-16 | $14737912.84              | $10719536.02            |
| 2025-05-19 | $3670172.85               | $4047604.47             |
| 2025-05-20 | $1107272.87               | $3565346.30             |
| 2025-05-21 | $5574778.18               | $2835923.39             |
| 2025-05-22 | $1249622.62               | $655960.22              |
| 2025-05-23 | $11388679.66              | $1864821.77             |
| 2025-05-27 | $1745646.79               | $9887336.02             |
| 2025-05-28 | $2246934.57               | $3237367.66             |
| 2025-05-29 | $1030249.43               | $4776108.15             |
| 2025-05-30 | $7155143.10               | $3098961.76             |

**Total Gross Subscriptions (Month):** $110475930.11

**Total Gross Redemptions (Month):** $104371660.30

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 3.6900%           |
| 2025-05-02 | 3.7000%           |
| 2025-05-05 | 3.7000%           |
| 2025-05-06 | 3.7100%           |
| 2025-05-07 | 3.7100%           |
| 2025-05-08 | 3.7100%           |
| 2025-05-09 | 3.7000%           |
| 2025-05-12 | 3.7000%           |
| 2025-05-13 | 3.6900%           |
| 2025-05-14 | 3.6900%           |
| 2025-05-15 | 3.6900%           |
| 2025-05-16 | 3.6900%           |
| 2025-05-19 | 3.6900%           |
| 2025-05-20 | 3.6900%           |
| 2025-05-21 | 3.6800%           |
| 2025-05-22 | 3.6800%           |
| 2025-05-23 | 3.6800%           |
| 2025-05-27 | 3.6800%           |
| 2025-05-28 | 3.6800%           |
| 2025-05-29 | 3.6800%           |
| 2025-05-30 | 3.6900%           |

**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:** $3556878.48

- **Number of Shares Outstanding:** 3556884.7200

- **Expense Reimbursement/Waiver:** 41.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9999          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9999          |
|  |  |
| 2025-05-06 | 0.9999          |
|  |  |
| 2025-05-07 | 0.9999          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9997          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9997          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 0.9999          |
|  |  |
| 2025-05-22 | 0.9999          |
|  |  |
| 2025-05-23 | 0.9995          |
|  |  |
| 2025-05-27 | 0.9999          |
|  |  |
| 2025-05-28 | 0.9999          |
|  |  |
| 2025-05-29 | 0.9999          |
|  |  |
| 2025-05-30 | 0.9997          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $13919.04                 | $8850.63                |
| 2025-05-02 | $99274.45                 | $3457.54                |
| 2025-05-05 | $461510.22                | $0.00                   |
| 2025-05-06 | $3497.88                  | $125908.33              |
| 2025-05-07 | $3746.11                  | $780247.81              |
| 2025-05-08 | $7832.77                  | $122856.83              |
| 2025-05-09 | $120057.85                | $80717.00               |
| 2025-05-12 | $297484.43                | $98026.86               |
| 2025-05-13 | $226549.45                | $48215.34               |
| 2025-05-14 | $71574.40                 | $320474.84              |
| 2025-05-15 | $507.99                   | $67214.87               |
| 2025-05-16 | $35931.61                 | $433400.34              |
| 2025-05-19 | $251246.56                | $219.64                 |
| 2025-05-20 | $37232.51                 | $100654.22              |
| 2025-05-21 | $44571.12                 | $244936.12              |
| 2025-05-22 | $32336.31                 | $88938.51               |
| 2025-05-23 | $484332.08                | $76542.20               |
| 2025-05-27 | $250586.65                | $300.33                 |
| 2025-05-28 | $82.52                    | $2375.00                |
| 2025-05-29 | $51925.11                 | $245059.27              |
| 2025-05-30 | $1646.16                  | $31450.55               |

**Total Gross Subscriptions (Month):** $2495845.22

**Total Gross Redemptions (Month):** $2879846.23

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 3.6300%           |
| 2025-05-02 | 3.6400%           |
| 2025-05-05 | 3.6400%           |
| 2025-05-06 | 3.6500%           |
| 2025-05-07 | 3.6500%           |
| 2025-05-08 | 3.6500%           |
| 2025-05-09 | 3.6400%           |
| 2025-05-12 | 3.6400%           |
| 2025-05-13 | 3.6400%           |
| 2025-05-14 | 3.6300%           |
| 2025-05-15 | 3.6300%           |
| 2025-05-16 | 3.6300%           |
| 2025-05-19 | 3.6300%           |
| 2025-05-20 | 3.6300%           |
| 2025-05-21 | 3.6300%           |
| 2025-05-22 | 3.6200%           |
| 2025-05-23 | 3.6200%           |
| 2025-05-27 | 3.6200%           |
| 2025-05-28 | 3.6200%           |
| 2025-05-29 | 3.6200%           |
| 2025-05-30 | 3.6400%           |

**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:** $533184201.97

- **Number of Shares Outstanding:** 533184567.5900

- **Expense Reimbursement/Waiver:** 5704.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9999          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9999          |
|  |  |
| 2025-05-06 | 0.9999          |
|  |  |
| 2025-05-07 | 0.9999          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9997          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9997          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 0.9999          |
|  |  |
| 2025-05-22 | 0.9999          |
|  |  |
| 2025-05-23 | 0.9995          |
|  |  |
| 2025-05-27 | 0.9999          |
|  |  |
| 2025-05-28 | 0.9999          |
|  |  |
| 2025-05-29 | 0.9999          |
|  |  |
| 2025-05-30 | 0.9997          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $7449827.97               | $2656192.35             |
| 2025-05-02 | $5401010.65               | $689703.95              |
| 2025-05-05 | $20072987.68              | $7542314.30             |
| 2025-05-06 | $51760.90                 | $3073836.65             |
| 2025-05-07 | $161329.65                | $3032753.51             |
| 2025-05-08 | $864530.48                | $627494.28              |
| 2025-05-09 | $5006954.95               | $2032660.65             |
| 2025-05-12 | $70597078.14              | $2471725.27             |
| 2025-05-13 | $129567.21                | $5060403.66             |
| 2025-05-14 | $60213302.21              | $1083087.53             |
| 2025-05-15 | $1984502.11               | $2657052.65             |
| 2025-05-16 | $17997207.29              | $1504545.44             |
| 2025-05-19 | $2091037.03               | $1961364.14             |
| 2025-05-20 | $941100.63                | $5046450.79             |
| 2025-05-21 | $16268081.95              | $1116466.68             |
| 2025-05-22 | $5480092.87               | $15473950.41            |
| 2025-05-23 | $21072489.44              | $1706748.23             |
| 2025-05-27 | $627009.59                | $19723332.51            |
| 2025-05-28 | $19661264.03              | $5206532.29             |
| 2025-05-29 | $2054336.48               | $7053792.69             |
| 2025-05-30 | $8350785.59               | $418326.65              |

**Total Gross Subscriptions (Month):** $266476256.85

**Total Gross Redemptions (Month):** $90138734.63

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 3.6900%           |
| 2025-05-02 | 3.6900%           |
| 2025-05-05 | 3.7000%           |
| 2025-05-06 | 3.7000%           |
| 2025-05-07 | 3.7000%           |
| 2025-05-08 | 3.7000%           |
| 2025-05-09 | 3.6900%           |
| 2025-05-12 | 3.6900%           |
| 2025-05-13 | 3.6900%           |
| 2025-05-14 | 3.6900%           |
| 2025-05-15 | 3.6800%           |
| 2025-05-16 | 3.6800%           |
| 2025-05-19 | 3.6800%           |
| 2025-05-20 | 3.6800%           |
| 2025-05-21 | 3.6800%           |
| 2025-05-22 | 3.6800%           |
| 2025-05-23 | 3.6700%           |
| 2025-05-27 | 3.6700%           |
| 2025-05-28 | 3.6700%           |
| 2025-05-29 | 3.6800%           |
| 2025-05-30 | 3.6900%           |

**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:** $17053630.28

- **Number of Shares Outstanding:** 17053639.3200

- **Expense Reimbursement/Waiver:** 562.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9999          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9999          |
|  |  |
| 2025-05-06 | 0.9999          |
|  |  |
| 2025-05-07 | 0.9999          |
|  |  |
| 2025-05-08 | 0.9999          |
|  |  |
| 2025-05-09 | 0.9997          |
|  |  |
| 2025-05-12 | 0.9999          |
|  |  |
| 2025-05-13 | 0.9999          |
|  |  |
| 2025-05-14 | 0.9999          |
|  |  |
| 2025-05-15 | 0.9999          |
|  |  |
| 2025-05-16 | 0.9997          |
|  |  |
| 2025-05-19 | 0.9999          |
|  |  |
| 2025-05-20 | 0.9999          |
|  |  |
| 2025-05-21 | 0.9999          |
|  |  |
| 2025-05-22 | 0.9999          |
|  |  |
| 2025-05-23 | 0.9995          |
|  |  |
| 2025-05-27 | 0.9999          |
|  |  |
| 2025-05-28 | 0.9999          |
|  |  |
| 2025-05-29 | 0.9999          |
|  |  |
| 2025-05-30 | 0.9997          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $1990302.65               | $150914.31              |
| 2025-05-02 | $236874.78                | $38767.29               |
| 2025-05-05 | $25979.15                 | $538629.09              |
| 2025-05-06 | $39806.92                 | $209603.60              |
| 2025-05-07 | $37302.90                 | $687310.99              |
| 2025-05-08 | $3161.50                  | $108139.10              |
| 2025-05-09 | $639144.48                | $217101.69              |
| 2025-05-12 | $35773.73                 | $31150.13               |
| 2025-05-13 | $87500.09                 | $149515.06              |
| 2025-05-14 | $311131.53                | $613927.46              |
| 2025-05-15 | $20466.32                 | $59256.23               |
| 2025-05-16 | $404763.85                | $202891.03              |
| 2025-05-19 | $111759.80                | $63513.84               |
| 2025-05-20 | $4287.85                  | $5417.94                |
| 2025-05-21 | $96125.19                 | $311368.05              |
| 2025-05-22 | $201944.80                | $247884.03              |
| 2025-05-23 | $409518.55                | $61670.56               |
| 2025-05-27 | $37646.10                 | $509277.01              |
| 2025-05-28 | $2604524.65               | $9991.77                |
| 2025-05-29 | $1912.04                  | $3373295.88             |
| 2025-05-30 | $280632.02                | $2341.87                |

**Total Gross Subscriptions (Month):** $7580558.90

**Total Gross Redemptions (Month):** $7591966.93

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 3.6800%           |
| 2025-05-02 | 3.6900%           |
| 2025-05-05 | 3.6900%           |
| 2025-05-06 | 3.6900%           |
| 2025-05-07 | 3.7000%           |
| 2025-05-08 | 3.7000%           |
| 2025-05-09 | 3.6900%           |
| 2025-05-12 | 3.6800%           |
| 2025-05-13 | 3.6800%           |
| 2025-05-14 | 3.6800%           |
| 2025-05-15 | 3.6800%           |
| 2025-05-16 | 3.6800%           |
| 2025-05-19 | 3.6700%           |
| 2025-05-20 | 3.6700%           |
| 2025-05-21 | 3.6700%           |
| 2025-05-22 | 3.6700%           |
| 2025-05-23 | 3.6600%           |
| 2025-05-27 | 3.6600%           |
| 2025-05-28 | 3.6700%           |
| 2025-05-29 | 3.6700%           |
| 2025-05-30 | 3.6800%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 99.3900%         | 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: 313385GL4, C.4 - ISIN: US313385GL43, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $56980192.50
- **C.18.a - Value (excl. sponsor support):** $56980192.50
- **C.19 - Percentage of Net Assets:** 5.8600%
- **C.17 - Yield as of Reporting Date:** 4.1700%
- **C.11 - Maturity Date (WAM):** 2025-06-04
- **C.12 - Maturity Date (WAL):** 2025-06-04
- **C.13 - Final Legal Maturity Date:** 2025-06-04
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: FHLB DISCOUNT NOTE

- **C.1 - Title:** FHLB DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385GN0, C.4 - ISIN: US313385GN09, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $99942083.34
- **C.18.a - Value (excl. sponsor support):** $99942083.34
- **C.19 - Percentage of Net Assets:** 10.2800%
- **C.17 - Yield as of Reporting Date:** 4.1700%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2025-06-06
- **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? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 3: FHLMC DISCOUNT NOTE

- **C.1 - Title:** FHLMC DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397GJ4, C.4 - ISIN: US313397GJ43, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $39795400.89
- **C.18.a - Value (excl. sponsor support):** $39795400.89
- **C.19 - Percentage of Net Assets:** 4.0900%
- **C.17 - Yield as of Reporting Date:** 4.1700%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **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? Yes, C.23 Categorized at Level 3? No

### Security 4: FHLMC DISCOUNT NOTE

- **C.1 - Title:** FHLMC DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397GK1, C.4 - ISIN: US313397GK16, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $131569293.34
- **C.18.a - Value (excl. sponsor support):** $131569293.34
- **C.19 - Percentage of Net Assets:** 13.5300%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-06-03
- **C.12 - Maturity Date (WAL):** 2025-06-03
- **C.13 - Final Legal Maturity Date:** 2025-06-03
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 5: 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: 313589GJ6, C.4 - ISIN: US313589GJ66, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $247471144.44
- **C.18.a - Value (excl. sponsor support):** $247471144.44
- **C.19 - Percentage of Net Assets:** 25.4600%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **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? Yes, C.23 Categorized at Level 3? No

### Security 6: 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: 313589GK3, C.4 - ISIN: US313589GK30, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $100826356.27
- **C.18.a - Value (excl. sponsor support):** $100826356.27
- **C.19 - Percentage of Net Assets:** 10.3700%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-06-03
- **C.12 - Maturity Date (WAL):** 2025-06-03
- **C.13 - Final Legal Maturity Date:** 2025-06-03
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 7: 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: 313589GL1, C.4 - ISIN: US313589GL13, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $83770670.00
- **C.18.a - Value (excl. sponsor support):** $83770670.00
- **C.19 - Percentage of Net Assets:** 8.6200%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-06-04
- **C.12 - Maturity Date (WAL):** 2025-06-04
- **C.13 - Final Legal Maturity Date:** 2025-06-04
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: TENNESSEE VALLEY AUTHORITY DISCOUNT NOTE

- **C.1 - Title:** TENNESSEE VALLEY AUTHORITY DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 880590GL2, C.4 - ISIN: US880590GL26, C.3 - LEI: 549300HE1ISW43LNKM54
- **C.18 - Value (incl. sponsor support):** $59978950.01
- **C.18.a - Value (excl. sponsor support):** $59978950.01
- **C.19 - Percentage of Net Assets:** 6.1700%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-06-04
- **C.12 - Maturity Date (WAL):** 2025-06-04
- **C.13 - Final Legal Maturity Date:** 2025-06-04
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797NP8, C.4 - ISIN: US912797NP82, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $105050952.98
- **C.18.a - Value (excl. sponsor support):** $105050952.98
- **C.19 - Percentage of Net Assets:** 10.8100%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-06-05
- **C.12 - Maturity Date (WAL):** 2025-06-05
- **C.13 - Final Legal Maturity Date:** 2025-06-05
- **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 10: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PL5, C.4 - ISIN: US912797PL50, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $49988333.34
- **C.18.a - Value (excl. sponsor support):** $49988333.34
- **C.19 - Percentage of Net Assets:** 5.1400%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-06-05
- **C.12 - Maturity Date (WAL):** 2025-06-05
- **C.13 - Final Legal Maturity Date:** 2025-06-05
- **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

## N-MFP: Signatures

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

**Date:** 2025-06-05

**By:** /s/James Gallo

**Name of Signing Officer:** James Gallo

**Title of Signing Officer:** Treasurer