# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001145549-25-045704
**Filing Date:** 2025-7
**Character Count:** 57687
**Document Hash:** 2d48426f82664045b4954e657eb40678
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-045704.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0001145549-25-045704

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**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:** 251104550

**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):** 2025-06-30

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

**CIK Number of Registrant:** 0000885709

**LEI of Registrant:** 549300QJNYRKYZS3P282

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

**LEI of Series:** 549300SI0EB26HO5RT16

**EDGAR Series Identifier:** S000011750

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

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

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

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

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

### Fund Characteristics & Assets

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

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

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

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

- **Money Market Fund Category:** Government

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

- **Is this a Government Money Market Fund?:** Yes

- **WAM:** 29 days

- **WAL:** 43 days

- **Total Value of Portfolio Securities:** $419329804.34

- **Amortized Cost of Portfolio Securities:** $419323094.47

- **Cash:** $0.00

- **Total Other Assets:** $1746191.51

- **Total Liabilities:** $1625663.31

- **Net Assets of Series:** $419443622.67

- **Number of Shares Outstanding (Series):** 419462421.0600

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-06-02 | $327926138.23             | $403236743.08              | 74.0800%                  | 91.0900%                   |
| 2025-06-03 | $335226395.01             | $390537016.41              | 77.9600%                  | 90.8200%                   |
| 2025-06-04 | $316880745.14             | $377191383.08              | 76.0600%                  | 90.5300%                   |
| 2025-06-05 | $288545949.75             | $373856604.25              | 69.8200%                  | 90.4700%                   |
| 2025-06-06 | $329642771.73             | $384953475.87              | 77.6700%                  | 90.7000%                   |
| 2025-06-09 | $329799627.00             | $405110347.70              | 74.1800%                  | 91.1200%                   |
| 2025-06-10 | $318983588.55             | $374294325.79              | 77.0900%                  | 90.4600%                   |
| 2025-06-11 | $312827747.69             | $373138501.48              | 75.8200%                  | 90.4300%                   |
| 2025-06-12 | $309721181.98             | $395031952.33              | 71.2800%                  | 90.9100%                   |
| 2025-06-13 | $340624570.66             | $395935390.66              | 78.2100%                  | 90.9100%                   |
| 2025-06-16 | $325925682.28             | $401236518.82              | 73.9400%                  | 91.0300%                   |
| 2025-06-17 | $344218195.43             | $375217369.00              | 83.1300%                  | 90.6100%                   |
| 2025-06-18 | $296180073.54             | $382179279.56              | 70.3500%                  | 90.7800%                   |
| 2025-06-20 | $345263681.55             | $401262936.24              | 78.4400%                  | 91.1600%                   |
| 2025-06-23 | $319812444.29             | $395811715.20              | 73.5700%                  | 91.0500%                   |
| 2025-06-24 | $348679330.21             | $379678617.34              | 83.3100%                  | 90.7200%                   |
| 2025-06-25 | $309232058.96             | $370231362.32              | 75.7300%                  | 90.6700%                   |
| 2025-06-26 | $313888076.36             | $399887395.94              | 71.6600%                  | 91.2900%                   |
| 2025-06-27 | $356734760.10             | $412734128.35              | 79.1000%                  | 91.5200%                   |
| 2025-06-30 | $306916111.51             | $382915495.98              | 72.8800%                  | 90.9300%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-06-02 | 4.3300%             |
| 2025-06-03 | 4.3400%             |
| 2025-06-04 | 4.3300%             |
| 2025-06-05 | 4.3300%             |
| 2025-06-06 | 4.3600%             |
| 2025-06-09 | 4.3100%             |
| 2025-06-10 | 4.3100%             |
| 2025-06-11 | 4.3100%             |
| 2025-06-12 | 4.3100%             |
| 2025-06-13 | 4.3100%             |
| 2025-06-16 | 4.3100%             |
| 2025-06-17 | 4.3100%             |
| 2025-06-18 | 4.3100%             |
| 2025-06-20 | 4.3100%             |
| 2025-06-23 | 4.3100%             |
| 2025-06-24 | 4.3100%             |
| 2025-06-25 | 4.3100%             |
| 2025-06-26 | 4.3100%             |
| 2025-06-27 | 4.3300%             |
| 2025-06-30 | 4.3300%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-06-02 | 1.0000                      |
|  |  |
| 2025-06-03 | 1.0000                      |
|  |  |
| 2025-06-04 | 1.0000                      |
|  |  |
| 2025-06-05 | 1.0000                      |
|  |  |
| 2025-06-06 | 1.0000                      |
|  |  |
| 2025-06-09 | 1.0000                      |
|  |  |
| 2025-06-10 | 1.0000                      |
|  |  |
| 2025-06-11 | 1.0000                      |
|  |  |
| 2025-06-12 | 1.0000                      |
|  |  |
| 2025-06-13 | 1.0000                      |
|  |  |
| 2025-06-16 | 1.0000                      |
|  |  |
| 2025-06-17 | 1.0000                      |
|  |  |
| 2025-06-18 | 1.0000                      |
|  |  |
| 2025-06-20 | 1.0000                      |
|  |  |
| 2025-06-23 | 1.0000                      |
|  |  |
| 2025-06-24 | 1.0000                      |
|  |  |
| 2025-06-25 | 1.0000                      |
|  |  |
| 2025-06-26 | 1.0000                      |
|  |  |
| 2025-06-27 | 1.0000                      |
|  |  |
| 2025-06-30 | 1.0000                      |
|  |  |

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

### Class: TF

- **Minimum Initial Investment:** $2000.00

- **Net Assets of Class:** $419443622.67

- **Number of Shares Outstanding:** 419462421.0600

- **Expense Reimbursement/Waiver:** 49811.66

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-06-02 | 1.0000          |
|  |  |
| 2025-06-03 | 1.0000          |
|  |  |
| 2025-06-04 | 1.0000          |
|  |  |
| 2025-06-05 | 1.0000          |
|  |  |
| 2025-06-06 | 1.0000          |
|  |  |
| 2025-06-09 | 1.0000          |
|  |  |
| 2025-06-10 | 1.0000          |
|  |  |
| 2025-06-11 | 1.0000          |
|  |  |
| 2025-06-12 | 1.0000          |
|  |  |
| 2025-06-13 | 1.0000          |
|  |  |
| 2025-06-16 | 1.0000          |
|  |  |
| 2025-06-17 | 1.0000          |
|  |  |
| 2025-06-18 | 1.0000          |
|  |  |
| 2025-06-20 | 1.0000          |
|  |  |
| 2025-06-23 | 1.0000          |
|  |  |
| 2025-06-24 | 1.0000          |
|  |  |
| 2025-06-25 | 1.0000          |
|  |  |
| 2025-06-26 | 1.0000          |
|  |  |
| 2025-06-27 | 1.0000          |
|  |  |
| 2025-06-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-06-02 | $220744888.58             | $181741573.67           |
| 2025-06-03 | $188036552.98             | $200774562.23           |
| 2025-06-04 | $175783448.11             | $189184120.97           |
| 2025-06-05 | $177219441.24             | $180540187.58           |
| 2025-06-06 | $181735196.04             | $170708215.51           |
| 2025-06-09 | $206551599.58             | $186464608.67           |
| 2025-06-10 | $184537061.65             | $215391165.31           |
| 2025-06-11 | $183414329.68             | $184623057.68           |
| 2025-06-12 | $205249788.83             | $183404739.47           |
| 2025-06-13 | $204933280.39             | $204101848.15           |
| 2025-06-16 | $207031881.11             | $201802722.22           |
| 2025-06-17 | $190611752.48             | $217358076.22           |
| 2025-06-18 | $200338755.73             | $193514327.45           |
| 2025-06-20 | $220997173.58             | $201993641.72           |
| 2025-06-23 | $217539415.82             | $223063786.63           |
| 2025-06-24 | $214110913.31             | $230339691.77           |
| 2025-06-25 | $204236606.20             | $214468126.22           |
| 2025-06-26 | $233199496.75             | $203554362.15           |
| 2025-06-27 | $206682635.06             | $193911627.63           |
| 2025-06-30 | $174599674.19             | $204496029.15           |

**Total Gross Subscriptions (Month):** $3997553891.31

**Total Gross Redemptions (Month):** $3981436470.40

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-06-02 | 4.0800%           |
| 2025-06-03 | 4.0900%           |
| 2025-06-04 | 4.0800%           |
| 2025-06-05 | 4.0800%           |
| 2025-06-06 | 4.1100%           |
| 2025-06-09 | 4.0600%           |
| 2025-06-10 | 4.0600%           |
| 2025-06-11 | 4.0600%           |
| 2025-06-12 | 4.0600%           |
| 2025-06-13 | 4.0600%           |
| 2025-06-16 | 4.0600%           |
| 2025-06-17 | 4.0600%           |
| 2025-06-18 | 4.0600%           |
| 2025-06-20 | 4.0600%           |
| 2025-06-23 | 4.0600%           |
| 2025-06-24 | 4.0600%           |
| 2025-06-25 | 4.0600%           |
| 2025-06-26 | 4.0600%           |
| 2025-06-27 | 4.0800%           |
| 2025-06-30 | 4.0800%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 5.9600%          | 0.0000%              |
| Registered investment company                       |  | 5.3700%          | 0.0000%              |
| Depository institution or other banking institution |  | 13.4800%         | 0.0000%              |
| Depository institution or other banking institution |  | 15.7800%         | 0.0000%              |
| Depository institution or other banking institution |  | 5.1400%          | 0.0000%              |
| Non-profit                                          |  | 6.4000%          | 0.0000%              |
| Registered investment company                       |  | 11.8600%         | 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 4.189000%
- **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):** $4878653.37
- **C.18.a - Value (excl. sponsor support):** $4878653.37
- **C.19 - Percentage of Net Assets:** 1.1600%
- **C.17 - Yield as of Reporting Date:** 0.0000%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **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 4.390000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130AWLH1, C.4 - ISIN: US3130AWLH13, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $4500203.31
- **C.18.a - Value (excl. sponsor support):** $4500203.31
- **C.19 - Percentage of Net Assets:** 1.0700%
- **C.17 - Yield as of Reporting Date:** 4.3800%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-10
- **C.13 - Final Legal Maturity Date:** 2025-07-10
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 3: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.390000%
- **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):** $4501094.45
- **C.18.a - Value (excl. sponsor support):** $4501094.45
- **C.19 - Percentage of Net Assets:** 1.0700%
- **C.17 - Yield as of Reporting Date:** 4.4100%
- **C.11 - Maturity Date (WAM):** 2025-08-20
- **C.12 - Maturity Date (WAL):** 2026-08-20
- **C.13 - Final Legal Maturity Date:** 2026-08-20
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 4: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.390000%
- **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):** $4001149.52
- **C.18.a - Value (excl. sponsor support):** $4001149.52
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4700%
- **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 5: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.350000%
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3130B4UV1, C.4 - ISIN: US3130B4UV18, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $3494839.57
- **C.18.a - Value (excl. sponsor support):** $3494839.57
- **C.19 - Percentage of Net Assets:** 0.8300%
- **C.17 - Yield as of Reporting Date:** 4.5900%
- **C.11 - Maturity Date (WAM):** 2026-03-02
- **C.12 - Maturity Date (WAL):** 2026-03-02
- **C.13 - Final Legal Maturity Date:** 2026-03-02
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: FEDERAL HOME LOAN BANKS

- **C.1 - Title:** FEDERAL HOME LOAN BANKS 4.050000%
- **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):** $7990257.92
- **C.18.a - Value (excl. sponsor support):** $7990257.92
- **C.19 - Percentage of Net Assets:** 1.9000%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2026-01-02
- **C.12 - Maturity Date (WAL):** 2026-01-02
- **C.13 - Final Legal Maturity Date:** 2026-01-02
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** FEDERAL FARM CREDIT BANKS FUNDING CORP 4.390000%
- **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):** $4501567.76
- **C.18.a - Value (excl. sponsor support):** $4501567.76
- **C.19 - Percentage of Net Assets:** 1.0700%
- **C.17 - Yield as of Reporting Date:** 4.4300%
- **C.11 - Maturity Date (WAM):** 2025-07-29
- **C.12 - Maturity Date (WAL):** 2025-10-29
- **C.13 - Final Legal Maturity Date:** 2025-10-29
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** FEDERAL FARM CREDIT BANKS FUNDING CORP 4.390000%
- **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):** $5003102.05
- **C.18.a - Value (excl. sponsor support):** $5003102.05
- **C.19 - Percentage of Net Assets:** 1.1900%
- **C.17 - Yield as of Reporting Date:** 4.4600%
- **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 9: FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES

- **C.1 - Title:** FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 4.319000%
- **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):** $2412200.76
- **C.18.a - Value (excl. sponsor support):** $2412200.76
- **C.19 - Percentage of Net Assets:** 0.5800%
- **C.17 - Yield as of Reporting Date:** 5.0000%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-25
- **C.13 - Final Legal Maturity Date:** 2026-07-25
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 10: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 4.262000%
- **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):** $49781822.00
- **C.18.a - Value (excl. sponsor support):** $49781822.00
- **C.19 - Percentage of Net Assets:** 11.8700%
- **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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 11: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 4.247000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797NX1, C.4 - ISIN: US912797NX17, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $34991860.40
- **C.18.a - Value (excl. sponsor support):** $34991860.40
- **C.19 - Percentage of Net Assets:** 8.3400%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-07-03
- **C.12 - Maturity Date (WAL):** 2025-07-03
- **C.13 - Final Legal Maturity Date:** 2025-07-03
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 12: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 4.256000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PF8, C.4 - ISIN: US912797PF82, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $39893688.80
- **C.18.a - Value (excl. sponsor support):** $39893688.80
- **C.19 - Percentage of Net Assets:** 9.5100%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-07-24
- **C.12 - Maturity Date (WAL):** 2025-07-24
- **C.13 - Final Legal Maturity Date:** 2025-07-24
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 4.297000%
- **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):** $34739151.65
- **C.18.a - Value (excl. sponsor support):** $34739151.65
- **C.19 - Percentage of Net Assets:** 8.2800%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **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 14: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL 4.294000%
- **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):** $29633229.30
- **C.18.a - Value (excl. sponsor support):** $29633229.30
- **C.19 - Percentage of Net Assets:** 7.0600%
- **C.17 - Yield as of Reporting Date:** 4.3000%
- **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 15: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 4.365000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CHS3, C.4 - ISIN: US91282CHS35, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $13998848.78
- **C.18.a - Value (excl. sponsor support):** $13998848.78
- **C.19 - Percentage of Net Assets:** 3.3400%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-31
- **C.13 - Final Legal Maturity Date:** 2025-07-31
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 16: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 4.410000%
- **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):** $20007594.40
- **C.18.a - Value (excl. sponsor support):** $20007594.40
- **C.19 - Percentage of Net Assets:** 4.7700%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-10-31
- **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 17: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 4.400000%
- **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):** $5000540.30
- **C.18.a - Value (excl. sponsor support):** $5000540.30
- **C.19 - Percentage of Net Assets:** 1.1900%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **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 18: GOLDMAN, SACHS & CO

- **C.1 - Title:** GOLDMN 4.28 07/01/25 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: REPO25062, C.5 - Other ID: REPO250624070142
- **C.18 - Value (incl. sponsor support):** $10000000.00
- **C.18.a - Value (excl. sponsor support):** $10000000.00
- **C.19 - Percentage of Net Assets:** 2.3800%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **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                            |
|:---|:---|:---|:---|:---|:---|:---|
| FNMA          | 2035-12-01      | 6.5000%  | 0.0000% | $471839.00         | $14454.62          | Agency Debentures and Agency Strips |
| FMAC          | 2037-01-01      | 3.0000%  | 0.0000% | $45000.00          | $8498.38           | Agency Debentures and Agency Strips |
| FNMA          | 2038-04-01      | 3.0000%  | 0.0000% | $25256.00          | $15888.82          | Agency Debentures and Agency Strips |
| FNMA          | 2052-09-01      | 5.0000%  | 0.0000% | $10000.00          | $7829.75           | Agency Debentures and Agency Strips |
| FMAC          | 2035-02-01      | 6.5000%  | 0.0000% | $205000.00         | $8013.03           | Agency Debentures and Agency Strips |
| FMAC          | 2052-09-01      | 4.5000%  | 0.0000% | $13000.00          | $10192.75          | Agency Debentures and Agency Strips |
| FMAC          | 2050-04-01      | 3.5000%  | 0.0000% | $137995.00         | $28457.37          | Agency Debentures and Agency Strips |
| FNMA          | 2046-10-01      | 4.0000%  | 0.0000% | $54993.00          | $13978.02          | Agency Debentures and Agency Strips |
| FMAC          | 2053-07-01      | 5.0000%  | 0.0000% | $10444032.00       | $10092687.43       | Agency Debentures and Agency Strips |

### Security 19: CIBC WORLD MARKETS CORP

- **C.1 - Title:** CM 4.27 07/02/25 RP 4.270000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25062, C.5 - Other ID: REPO250625070242
- **C.18 - Value (incl. sponsor support):** $30000000.00
- **C.18.a - Value (excl. sponsor support):** $30000000.00
- **C.19 - Percentage of Net Assets:** 7.1500%
- **C.17 - Yield as of Reporting Date:** 4.2700%
- **C.11 - Maturity Date (WAM):** 2025-07-02
- **C.12 - Maturity Date (WAL):** 2025-07-02
- **C.13 - Final Legal Maturity Date:** 2025-07-02
- **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? 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          | 2027-01-15      | 2.3750%  | 0.0000% | $104200.00         | $170148.58         | U.S. Treasuries (including strips) |
| USTR          | 2047-02-15      | 3.0000%  | 0.0000% | $100.00            | $75.90             | U.S. Treasuries (including strips) |
| USTR          | 2047-02-15      | 3.0000%  | 0.0000% | $34900.00          | $26488.22          | U.S. Treasuries (including strips) |
| USTR          | 2047-02-15      | 0.8750%  | 0.0000% | $229700.00         | $221338.54         | U.S. Treasuries (including strips) |
| USTR          | 2047-08-15      | 2.7500%  | 0.0000% | $800.00            | $575.92            | U.S. Treasuries (including strips) |
| USTR          | 2028-01-15      | 0.5000%  | 0.0000% | $193800.00         | $247667.16         | U.S. Treasuries (including strips) |
| USTR          | 2028-07-15      | 0.7500%  | 0.0000% | $200.00            | $253.09            | U.S. Treasuries (including strips) |
| USTR          | 2049-05-15      | 2.8750%  | 0.0000% | $30600.00          | $21980.03          | U.S. Treasuries (including strips) |
| USTR          | 2050-02-15      | 2.0000%  | 0.0000% | $100.00            | $59.18             | U.S. Treasuries (including strips) |
| USTR          | 2025-07-31      | 0.2500%  | 0.0000% | $100.00            | $99.76             | U.S. Treasuries (including strips) |
| USTR          | 2050-08-15      | 1.3750%  | 0.0000% | $200.00            | $99.09             | U.S. Treasuries (including strips) |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $1433400.00        | $1333309.60        | U.S. Treasuries (including strips) |
| USTR          | 2026-05-31      | 0.7500%  | 0.0000% | $186900.00         | $181495.37         | U.S. Treasuries (including strips) |
| USTR          | 2028-10-31      | 1.3750%  | 0.0000% | $255700.00         | $237440.26         | U.S. Treasuries (including strips) |
| USTR          | 2031-11-15      | 1.3750%  | 0.0000% | $798600.00         | $683505.57         | U.S. Treasuries (including strips) |
| USTR          | 2052-02-15      | 2.2500%  | 0.0000% | $42273100.00       | $26047411.12       | U.S. Treasuries (including strips) |
| USTR          | 2029-05-31      | 2.7500%  | 0.0000% | $100.00            | $96.57             | U.S. Treasuries (including strips) |
| USTR          | 2032-07-15      | 0.6250%  | 0.0000% | $118000.00         | $121753.47         | U.S. Treasuries (including strips) |
| USTR          | 2027-10-31      | 4.1250%  | 0.0000% | $2300.00           | $2335.19           | U.S. Treasuries (including strips) |
| USTR          | 2025-11-15      | 4.5000%  | 0.0000% | $7000.00           | $7043.02           | U.S. Treasuries (including strips) |
| USTR          | 2029-12-31      | 3.8750%  | 0.0000% | $179400.00         | $179972.47         | U.S. Treasuries (including strips) |
| USTR          | 2028-04-15      | 1.2500%  | 0.0000% | $887900.00         | $949228.13         | U.S. Treasuries (including strips) |
| USTR          | 2033-07-15      | 1.3750%  | 0.0000% | $31900.00          | $32896.55          | U.S. Treasuries (including strips) |
| USTR          | 2030-07-31      | 4.0000%  | 0.0000% | $1000.00           | $1023.98           | U.S. Treasuries (including strips) |
| USTR          | 2029-05-31      | 4.5000%  | 0.0000% | $50000.00          | $51503.68          | U.S. Treasuries (including strips) |
| USTR          | 2034-05-15      | 4.3750%  | 0.0000% | $100.00            | $101.92            | U.S. Treasuries (including strips) |
| USTR          | 2034-08-15      | 3.8750%  | 0.0000% | $65600.00          | $64880.50          | U.S. Treasuries (including strips) |
| USTR          | 2029-10-15      | 1.6250%  | 0.0000% | $15800.00          | $16347.35          | U.S. Treasuries (including strips) |
| USTR          | 2027-04-30      | 3.7500%  | 0.0000% | $900.00            | $905.23            | U.S. Treasuries (including strips) |

### Security 20: CIT GROUPMKTS

- **C.1 - Title:** CITGMK 4.36 07/03/25 RP 4.360000%
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: REPO25062, C.5 - Other ID: REPO250626070343
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 5.9600%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-07-03
- **C.12 - Maturity Date (WAL):** 2025-07-03
- **C.13 - Final Legal Maturity Date:** 2025-07-03
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2026-01-31      | 4.2500%  | 0.0000% | $25060700.00       | $25500101.71       | U.S. Treasuries (including strips) |

### Security 21: BMO CAPITAL MARKETS CORP.

- **C.1 - Title:** BMOCPM 4.33 07/01/25 RP 4.330000%
- **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: REPO25063, C.5 - Other ID: REPO250630070143
- **C.18 - Value (incl. sponsor support):** $55000000.00
- **C.18.a - Value (excl. sponsor support):** $55000000.00
- **C.19 - Percentage of Net Assets:** 13.1100%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **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          | 2028-04-15      | 3.6250%  | 0.0000% | $500.00            | $1060.39           | U.S. Treasuries (including strips)  |
| USTR          | 2041-02-15      | 2.1250%  | 0.0000% | $100.00            | $143.50            | U.S. Treasuries (including strips)  |
| USTR          | 2025-11-15      | 2.2500%  | 0.0000% | $438500.00         | $436296.76         | U.S. Treasuries (including strips)  |
| FHLB          | 2025-07-10      | 0.0000%  | 0.0000% | $995000.00         | $993507.50         | Agency Debentures and Agency Strips |
| USTR          | 2025-10-31      | 3.0000%  | 0.0000% | $300.00            | $300.15            | U.S. Treasuries (including strips)  |
| USTR          | 2026-05-31      | 2.1250%  | 0.0000% | $100.00            | $98.43             | U.S. Treasuries (including strips)  |
| USTR          | 2030-02-15      | 1.5000%  | 0.0000% | $34698600.00       | $31534154.41       | U.S. Treasuries (including strips)  |
| USTR          | 2030-05-15      | 0.6250%  | 0.0000% | $400.00            | $343.69            | U.S. Treasuries (including strips)  |
| USTR          | 2027-06-30      | 0.5000%  | 0.0000% | $200.00            | $187.55            | U.S. Treasuries (including strips)  |
| USTR          | 2025-11-30      | 0.3750%  | 0.0000% | $600.00            | $590.41            | U.S. Treasuries (including strips)  |
| USTR          | 2027-10-31      | 0.5000%  | 0.0000% | $200.00            | $185.77            | U.S. Treasuries (including strips)  |
| USTR          | 2025-12-31      | 0.3750%  | 0.0000% | $200.00            | $196.17            | U.S. Treasuries (including strips)  |
| USTR          | 2026-03-31      | 0.7500%  | 0.0000% | $200.00            | $195.42            | U.S. Treasuries (including strips)  |
| USTR          | 2028-07-31      | 1.0000%  | 0.0000% | $102000.00         | $94358.02          | U.S. Treasuries (including strips)  |
| USTR          | 2026-07-31      | 0.6250%  | 0.0000% | $200.00            | $193.40            | U.S. Treasuries (including strips)  |
| USTR          | 2031-08-15      | 1.2500%  | 0.0000% | $8577800.00        | $7358222.14        | U.S. Treasuries (including strips)  |
| USTR          | 2031-11-15      | 1.3750%  | 0.0000% | $1670200.00        | $1427876.95        | U.S. Treasuries (including strips)  |
| USTR          | 2029-09-30      | 3.8750%  | 0.0000% | $100.00            | $101.28            | U.S. Treasuries (including strips)  |
| USTR          | 2029-12-31      | 3.8750%  | 0.0000% | $100.00            | $100.27            | U.S. Treasuries (including strips)  |
| USTR          | 2026-02-15      | 4.0000%  | 0.0000% | $200.00            | $202.72            | U.S. Treasuries (including strips)  |
| USTR          | 2028-05-31      | 3.6250%  | 0.0000% | $200.00            | $199.99            | U.S. Treasuries (including strips)  |
| USTR          | 2028-04-15      | 1.2500%  | 0.0000% | $972700.00         | $1039640.98        | U.S. Treasuries (including strips)  |
| USTR          | 2033-08-15      | 3.8750%  | 0.0000% | $400.00            | $398.34            | U.S. Treasuries (including strips)  |
| USTR          | 2028-08-31      | 4.3750%  | 0.0000% | $8170700.00        | $8442400.91        | U.S. Treasuries (including strips)  |
| USTR          | 2030-10-31      | 4.8750%  | 0.0000% | $100.00            | $105.58            | U.S. Treasuries (including strips)  |
| USTR          | 2027-01-15      | 4.0000%  | 0.0000% | $4672500.00        | $4767882.27        | U.S. Treasuries (including strips)  |
| USTR          | 2029-04-15      | 2.1250%  | 0.0000% | $100.00            | $106.80            | U.S. Treasuries (including strips)  |
| USTR          | 2026-07-31      | 4.4220%  | 0.0000% | $800.00            | $806.72            | U.S. Treasuries (including strips)  |
| USTR          | 2030-04-15      | 1.6250%  | 0.0000% | $200.00            | $203.27            | U.S. Treasuries (including strips)  |

### Security 22: MITSUBISHI UFJ FINANCIAL GROUP

- **C.1 - Title:** MUFGCA 4.32 07/07/25 RP 4.320000%
- **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: REPO25063, C.5 - Other ID: REPO250630070743
- **C.18 - Value (incl. sponsor support):** $30000000.00
- **C.18.a - Value (excl. sponsor support):** $30000000.00
- **C.19 - Percentage of Net Assets:** 7.1500%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-07-07
- **C.12 - Maturity Date (WAL):** 2025-07-07
- **C.13 - Final Legal Maturity Date:** 2025-07-07
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AA+u
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                            |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2028-07-15      | 0.7500%  | 0.0000% | $3300.00           | $4175.91           | U.S. Treasuries (including strips)  |
| USTR          | 2029-02-15      | 2.6250%  | 0.0000% | $200.00            | $194.40            | U.S. Treasuries (including strips)  |
| GNMA          | 2050-06-20      | 3.0000%  | 0.0000% | $1000.00           | $257.80            | Agency Debentures and Agency Strips |
| USTR          | 2030-05-15      | 0.6250%  | 0.0000% | $100.00            | $85.98             | U.S. Treasuries (including strips)  |
| USTR          | 2030-08-15      | 0.6250%  | 0.0000% | $999800.00         | $853719.02         | U.S. Treasuries (including strips)  |
| USTR          | 2030-11-15      | 0.8750%  | 0.0000% | $200.00            | $171.45            | U.S. Treasuries (including strips)  |
| USTR          | 2027-11-30      | 0.6250%  | 0.0000% | $393000.00         | $365272.79         | U.S. Treasuries (including strips)  |
| FNMA          | 2040-10-01      | 2.5000%  | 0.0000% | $164746.00         | $78878.87          | Agency Debentures and Agency Strips |
| USTR          | 2028-01-31      | 0.7500%  | 0.0000% | $8500.00           | $7906.47           | U.S. Treasuries (including strips)  |
| USTR          | 2028-07-31      | 1.0000%  | 0.0000% | $300.00            | $277.60            | U.S. Treasuries (including strips)  |
| USTR          | 2028-11-30      | 1.5000%  | 0.0000% | $100.00            | $92.99             | U.S. Treasuries (including strips)  |
| USTR          | 2029-01-31      | 1.7500%  | 0.0000% | $999900.00         | $940586.31         | U.S. Treasuries (including strips)  |
| USTR          | 2029-03-31      | 2.3750%  | 0.0000% | $4000.00           | $3831.71           | U.S. Treasuries (including strips)  |
| GNMA          | 2052-07-20      | 4.0000%  | 0.0000% | $1000.00           | $755.32            | Agency Debentures and Agency Strips |
| USTR          | 2032-08-15      | 2.7500%  | 0.0000% | $21200.00          | $19739.44          | U.S. Treasuries (including strips)  |
| USTR          | 2029-09-30      | 3.8750%  | 0.0000% | $40300.00          | $40833.35          | U.S. Treasuries (including strips)  |
| GNMA          | 2052-09-20      | 5.0000%  | 0.0000% | $1000.00           | $774.16            | Agency Debentures and Agency Strips |
| FNMA          | 2046-11-01      | 4.0000%  | 0.0000% | $30903305.00       | $7252241.37        | Agency Debentures and Agency Strips |
| USTR          | 2033-02-15      | 3.5000%  | 0.0000% | $18200.00          | $17750.85          | U.S. Treasuries (including strips)  |
| FMAC          | 2053-06-01      | 5.5000%  | 0.0000% | $1024.00           | $852.81            | Agency Debentures and Agency Strips |
| FNMA          | 2052-08-01      | 5.0000%  | 0.0000% | $1022.00           | $751.92            | Agency Debentures and Agency Strips |
| GNMA          | 2053-07-20      | 5.5000%  | 0.0000% | $257369.00         | $210292.68         | Agency Debentures and Agency Strips |
| USTR          | 2028-08-31      | 4.3750%  | 0.0000% | $100.00            | $103.36            | U.S. Treasuries (including strips)  |
| FNMA          | 2053-11-01      | 6.0000%  | 0.0000% | $3328.00           | $2690.67           | Agency Debentures and Agency Strips |
| GNMA          | 2053-07-20      | 5.0000%  | 0.0000% | $1023.00           | $892.66            | Agency Debentures and Agency Strips |
| GNMA          | 2053-06-20      | 5.5000%  | 0.0000% | $62860.00          | $50981.79          | Agency Debentures and Agency Strips |
| GNMA          | 2054-01-20      | 5.5000%  | 0.0000% | $740170.00         | $628050.76         | Agency Debentures and Agency Strips |
| USTR          | 2034-02-15      | 4.0000%  | 0.0000% | $200.00            | $200.55            | U.S. Treasuries (including strips)  |
| USTR          | 2029-07-31      | 4.0000%  | 0.0000% | $41500.00          | $42540.93          | U.S. Treasuries (including strips)  |
| GNMA          | 2054-01-20      | 4.5000%  | 0.0000% | $234000.00         | $212754.57         | Agency Debentures and Agency Strips |
| FMAC          | 2053-02-01      | 5.5000%  | 0.0000% | $1021.00           | $819.51            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 3.0000%  | 0.0000% | $100854.00         | $77581.02          | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.5000%  | 0.0000% | $1000.00           | $636.86            | Agency Debentures and Agency Strips |
| FNMA          | 2054-07-01      | 5.5000%  | 0.0000% | $703872.00         | $635779.16         | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 5.0000%  | 0.0000% | $1000.00           | $776.43            | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 6.0000%  | 0.0000% | $273708.00         | $263901.40         | Agency Debentures and Agency Strips |
| FNMA          | 2052-06-01      | 3.0000%  | 0.0000% | $42265.00          | $33258.70          | Agency Debentures and Agency Strips |
| FNMA          | 2054-05-01      | 5.5000%  | 0.0000% | $179542.00         | $162756.28         | Agency Debentures and Agency Strips |
| GNMA          | 2054-10-20      | 5.0000%  | 0.0000% | $88054.00          | $84783.49          | Agency Debentures and Agency Strips |
| FMAC          | 2053-01-01      | 5.5000%  | 0.0000% | $1002.00           | $974.58            | Agency Debentures and Agency Strips |
| FNMA          | 2052-09-01      | 4.5000%  | 0.0000% | $1982527.00        | $1624187.38        | Agency Debentures and Agency Strips |
| GNMA          | 2054-07-20      | 5.5000%  | 0.0000% | $1000.00           | $937.26            | Agency Debentures and Agency Strips |
| FMAC          | 2052-08-01      | 4.5000%  | 0.0000% | $33969.00          | $30887.08          | Agency Debentures and Agency Strips |
| FMAC          | 2054-01-01      | 5.5000%  | 0.0000% | $1043.00           | $951.33            | Agency Debentures and Agency Strips |
| FNMA          | 2051-04-01      | 4.5000%  | 0.0000% | $1181988.00        | $100597.65         | Agency Debentures and Agency Strips |
| GNMA          | 2054-09-20      | 5.0000%  | 0.0000% | $845200.00         | $810429.51         | Agency Debentures and Agency Strips |
| FMAC          | 2054-01-01      | 6.0000%  | 0.0000% | $1024.00           | $910.29            | Agency Debentures and Agency Strips |
| FNMA          | 2037-01-01      | 2.0000%  | 0.0000% | $155089.00         | $89706.58          | Agency Debentures and Agency Strips |
| FNMA          | 2054-08-01      | 5.5000%  | 0.0000% | $792500.00         | $757167.80         | Agency Debentures and Agency Strips |
| FMAC          | 2054-02-01      | 5.5000%  | 0.0000% | $1000.00           | $932.40            | Agency Debentures and Agency Strips |
| FMAC          | 2048-02-01      | 4.0000%  | 0.0000% | $7597.00           | $1577.95           | Agency Debentures and Agency Strips |
| FMAC          | 2052-04-01      | 3.0000%  | 0.0000% | $141760.00         | $102397.20         | Agency Debentures and Agency Strips |
| FMAC          | 2053-06-01      | 5.0000%  | 0.0000% | $179852.00         | $154104.92         | Agency Debentures and Agency Strips |
| FNMA          | 2052-05-01      | 4.5000%  | 0.0000% | $1024.00           | $744.52            | Agency Debentures and Agency Strips |
| FMAC          | 2052-10-01      | 4.0000%  | 0.0000% | $1000.00           | $851.05            | Agency Debentures and Agency Strips |
| FMAC          | 2053-08-01      | 5.0000%  | 0.0000% | $1008.00           | $822.65            | Agency Debentures and Agency Strips |
| FMAC          | 2053-11-01      | 6.5000%  | 0.0000% | $1000.00           | $822.40            | Agency Debentures and Agency Strips |
| FNMA          | 2051-07-01      | 2.5000%  | 0.0000% | $95598.00          | $61499.01          | Agency Debentures and Agency Strips |
| FNMA          | 2052-04-01      | 3.5000%  | 0.0000% | $115848.00         | $86402.74          | Agency Debentures and Agency Strips |
| FNMA          | 2041-05-01      | 2.5000%  | 0.0000% | $1000.00           | $610.55            | Agency Debentures and Agency Strips |
| FMAC          | 2054-05-01      | 7.0000%  | 0.0000% | $4509200.00        | $4117989.71        | Agency Debentures and Agency Strips |
| GNMA          | 2054-07-20      | 6.5000%  | 0.0000% | $1000.00           | $713.55            | Agency Debentures and Agency Strips |
| GNMA          | 2053-08-20      | 6.0000%  | 0.0000% | $1000.00           | $993.35            | Agency Debentures and Agency Strips |
| GNMA          | 2051-10-20      | 3.5000%  | 0.0000% | $83308.00          | $61270.86          | Agency Debentures and Agency Strips |
| FMAC          | 2055-03-01      | 6.0000%  | 0.0000% | $32400.00          | $32784.32          | Agency Debentures and Agency Strips |
| FMAC          | 2054-06-01      | 6.5000%  | 0.0000% | $305785.00         | $276420.17         | Agency Debentures and Agency Strips |
| FNMA          | 2054-06-01      | 5.5000%  | 0.0000% | $1008.00           | $986.90            | Agency Debentures and Agency Strips |
| FNMA          | 2051-02-01      | 2.0000%  | 0.0000% | $376471.00         | $231442.08         | Agency Debentures and Agency Strips |
| FNMA          | 2051-05-01      | 2.5000%  | 0.0000% | $1001.00           | $592.62            | Agency Debentures and Agency Strips |
| FNMA          | 2053-11-01      | 6.0000%  | 0.0000% | $1000.00           | $814.29            | Agency Debentures and Agency Strips |
| FNMA          | 2055-01-01      | 5.0000%  | 0.0000% | $1000.00           | $979.56            | Agency Debentures and Agency Strips |
| FMAC          | 2055-02-01      | 5.5000%  | 0.0000% | $253300.00         | $245331.18         | Agency Debentures and Agency Strips |
| FMAC          | 2054-09-01      | 6.0000%  | 0.0000% | $5436.00           | $5093.22           | Agency Debentures and Agency Strips |
| GNMA          | 2054-04-20      | 6.0000%  | 0.0000% | $5681232.00        | $4665723.08        | Agency Debentures and Agency Strips |
| USTR          | 2032-04-30      | 4.0000%  | 0.0000% | $125300.00         | $126068.52         | U.S. Treasuries (including strips)  |
| FMAC          | 2054-07-01      | 5.5000%  | 0.0000% | $15584.00          | $14544.19          | Agency Debentures and Agency Strips |
| FNMA          | 2054-02-01      | 6.5000%  | 0.0000% | $26739.00          | $23865.60          | Agency Debentures and Agency Strips |
| FNMA          | 2054-03-01      | 5.0000%  | 0.0000% | $5297584.00        | $4967937.21        | Agency Debentures and Agency Strips |
| GNMA          | 2055-05-20      | 5.5000%  | 0.0000% | $1000.00           | $1002.90           | Agency Debentures and Agency Strips |

## N-MFP: Signatures

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

**Date:** 2025-07-07

**By:** Sandi Brents

**Name of Signing Officer:** Sandi Brents

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