# EDGAR Filing Document

**Accession Number:** 0001947660
**File Stem:** 0001145549-25-050323
**Filing Date:** 2025-8
**Character Count:** 33585
**Document Hash:** 011e11aa5268088788bd5c84ab00ade9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-050323.hdr.sgml**: 20250804

**ACCESSION NUMBER**: 0001145549-25-050323

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250804

**DATE AS OF CHANGE**: 20250804

**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:** 251178281

**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):** 2025-07-31

**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:** 4 days

- **WAL:** 4 days

- **Total Value of Portfolio Securities:** $1129737800.64

- **Amortized Cost of Portfolio Securities:** $1129737800.64

- **Cash:** $127407.48

- **Total Other Assets:** $65552.44

- **Total Liabilities:** $4168578.50

- **Net Assets of Series:** $1125762182.06

- **Number of Shares Outstanding (Series):** 1125762182.0600

- **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?:** 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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-07-01 | $289700000.00             | $1005687137.92             | 28.8000%                  | 99.9700%                   |
| 2025-07-02 | $307000000.00             | $1041085227.18             | 29.4800%                  | 99.9700%                   |
| 2025-07-03 | $306805000.00             | $1043622885.85             | 29.4000%                  | 100.0200%                  |
| 2025-07-07 | $313000000.00             | $1050435491.63             | 29.7900%                  | 99.9800%                   |
| 2025-07-08 | $315700000.00             | $1049413246.62             | 30.0800%                  | 99.9800%                   |
| 2025-07-09 | $315000000.00             | $1056326644.83             | 29.8200%                  | 99.9800%                   |
| 2025-07-10 | $314900000.00             | $1055261261.34             | 29.8300%                  | 99.9800%                   |
| 2025-07-11 | $317000000.00             | $1104984706.21             | 28.6900%                  | 100.0100%                  |
| 2025-07-14 | $332000000.00             | $1107325762.71             | 29.9700%                  | 99.9800%                   |
| 2025-07-15 | $331700000.00             | $1093658012.12             | 30.3200%                  | 99.9800%                   |
| 2025-07-16 | $328300000.00             | $1095789479.53             | 29.9500%                  | 99.9700%                   |
| 2025-07-17 | $328500000.00             | $1101719721.86             | 29.8100%                  | 99.9800%                   |
| 2025-07-18 | $329000000.00             | $1112607337.39             | 29.5700%                  | 100.0000%                  |
| 2025-07-21 | $334100000.00             | $1111726968.23             | 30.0500%                  | 99.9900%                   |
| 2025-07-22 | $334200000.00             | $1110214050.47             | 30.1000%                  | 99.9800%                   |
| 2025-07-23 | $333400000.00             | $1115246400.52             | 29.8900%                  | 99.9900%                   |
| 2025-07-24 | $332900000.00             | $1109783545.82             | 29.9900%                  | 99.9900%                   |
| 2025-07-25 | $334300000.00             | $1144980806.77             | 29.2000%                  | 100.0100%                  |
| 2025-07-28 | $343900000.00             | $1132917002.45             | 30.3500%                  | 99.9900%                   |
| 2025-07-29 | $340000000.00             | $1130280362.19             | 30.0700%                  | 99.9800%                   |
| 2025-07-30 | $339300000.00             | $1125515044.00             | 30.1400%                  | 99.9800%                   |
| 2025-07-31 | $345000000.00             | $1129737800.64             | 30.5300%                  | 99.9800%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-07-01 | 4.2000%             |
| 2025-07-02 | 4.2000%             |
| 2025-07-03 | 4.2000%             |
| 2025-07-07 | 4.2100%             |
| 2025-07-08 | 4.2100%             |
| 2025-07-09 | 4.2200%             |
| 2025-07-10 | 4.2200%             |
| 2025-07-11 | 4.2300%             |
| 2025-07-14 | 4.2500%             |
| 2025-07-15 | 4.2500%             |
| 2025-07-16 | 4.2600%             |
| 2025-07-17 | 4.2600%             |
| 2025-07-18 | 4.2700%             |
| 2025-07-21 | 4.2800%             |
| 2025-07-22 | 4.2900%             |
| 2025-07-23 | 4.2900%             |
| 2025-07-24 | 4.2900%             |
| 2025-07-25 | 4.2900%             |
| 2025-07-28 | 4.2900%             |
| 2025-07-29 | 4.2900%             |
| 2025-07-30 | 4.2900%             |
| 2025-07-31 | 4.3000%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-07-01 | 0.9999                      |
|  |  |
| 2025-07-02 | 0.9999                      |
|  |  |
| 2025-07-03 | 0.9996                      |
|  |  |
| 2025-07-07 | 0.9999                      |
|  |  |
| 2025-07-08 | 0.9999                      |
|  |  |
| 2025-07-09 | 0.9999                      |
|  |  |
| 2025-07-10 | 0.9999                      |
|  |  |
| 2025-07-11 | 0.9996                      |
|  |  |
| 2025-07-14 | 0.9999                      |
|  |  |
| 2025-07-15 | 0.9999                      |
|  |  |
| 2025-07-16 | 0.9999                      |
|  |  |
| 2025-07-17 | 0.9999                      |
|  |  |
| 2025-07-18 | 0.9996                      |
|  |  |
| 2025-07-21 | 0.9999                      |
|  |  |
| 2025-07-22 | 0.9999                      |
|  |  |
| 2025-07-23 | 0.9999                      |
|  |  |
| 2025-07-24 | 0.9999                      |
|  |  |
| 2025-07-25 | 0.9996                      |
|  |  |
| 2025-07-28 | 0.9999                      |
|  |  |
| 2025-07-29 | 0.9999                      |
|  |  |
| 2025-07-30 | 0.9999                      |
|  |  |
| 2025-07-31 | 0.9999                      |
|  |  |

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

### Class: Class A Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $516576286.07

- **Number of Shares Outstanding:** 516576286.0700

- **Expense Reimbursement/Waiver:** 8327.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 0.9999          |
|  |  |
| 2025-07-02 | 0.9999          |
|  |  |
| 2025-07-03 | 0.9996          |
|  |  |
| 2025-07-07 | 0.9999          |
|  |  |
| 2025-07-08 | 0.9999          |
|  |  |
| 2025-07-09 | 0.9999          |
|  |  |
| 2025-07-10 | 0.9999          |
|  |  |
| 2025-07-11 | 0.9996          |
|  |  |
| 2025-07-14 | 0.9999          |
|  |  |
| 2025-07-15 | 0.9999          |
|  |  |
| 2025-07-16 | 0.9999          |
|  |  |
| 2025-07-17 | 0.9999          |
|  |  |
| 2025-07-18 | 0.9996          |
|  |  |
| 2025-07-21 | 0.9999          |
|  |  |
| 2025-07-22 | 0.9999          |
|  |  |
| 2025-07-23 | 0.9999          |
|  |  |
| 2025-07-24 | 0.9999          |
|  |  |
| 2025-07-25 | 0.9996          |
|  |  |
| 2025-07-28 | 0.9999          |
|  |  |
| 2025-07-29 | 0.9999          |
|  |  |
| 2025-07-30 | 0.9999          |
|  |  |
| 2025-07-31 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $17752295.50              | $3368472.33             |
| 2025-07-02 | $25629907.33              | $4436667.07             |
| 2025-07-03 | $4594435.59               | $6018535.48             |
| 2025-07-07 | $6686582.52               | $7922326.55             |
| 2025-07-08 | $7815688.55               | $4453156.75             |
| 2025-07-09 | $9608641.89               | $1306432.01             |
| 2025-07-10 | $7684170.40               | $7473218.45             |
| 2025-07-11 | $20287214.09              | $2058579.76             |
| 2025-07-14 | $2337810.82               | $6144336.47             |
| 2025-07-15 | $5282655.91               | $8324450.45             |
| 2025-07-16 | $11980498.89              | $10245840.29            |
| 2025-07-17 | $5283089.00               | $2786192.17             |
| 2025-07-18 | $8533086.76               | $2736738.30             |
| 2025-07-21 | $11937870.57              | $16879014.31            |
| 2025-07-22 | $9754449.94               | $2587697.03             |
| 2025-07-23 | $12275325.84              | $2490142.42             |
| 2025-07-24 | $506324.43                | $3348411.05             |
| 2025-07-25 | $4978207.18               | $1617588.84             |
| 2025-07-28 | $3159333.59               | $1850116.17             |
| 2025-07-29 | $2392058.41               | $2336900.73             |
| 2025-07-30 | $3023891.64               | $1789088.28             |
| 2025-07-31 | $2410337.54               | $2206887.53             |

**Total Gross Subscriptions (Month):** $183913876.39

**Total Gross Redemptions (Month):** $102380792.44

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.7400%           |
| 2025-07-02 | 3.7400%           |
| 2025-07-03 | 3.7500%           |
| 2025-07-07 | 3.6700%           |
| 2025-07-08 | 3.6800%           |
| 2025-07-09 | 3.6900%           |
| 2025-07-10 | 3.6900%           |
| 2025-07-11 | 3.7100%           |
| 2025-07-14 | 3.7200%           |
| 2025-07-15 | 3.7200%           |
| 2025-07-16 | 3.7300%           |
| 2025-07-17 | 3.7400%           |
| 2025-07-18 | 3.7500%           |
| 2025-07-21 | 3.7500%           |
| 2025-07-22 | 3.7600%           |
| 2025-07-23 | 3.7600%           |
| 2025-07-24 | 3.7600%           |
| 2025-07-25 | 3.7600%           |
| 2025-07-28 | 3.7600%           |
| 2025-07-29 | 3.7600%           |
| 2025-07-30 | 3.7700%           |
| 2025-07-31 | 3.7700%           |

**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:** $3819506.99

- **Number of Shares Outstanding:** 3819506.9900

- **Expense Reimbursement/Waiver:** 66.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 0.9999          |
|  |  |
| 2025-07-02 | 0.9999          |
|  |  |
| 2025-07-03 | 0.9996          |
|  |  |
| 2025-07-07 | 0.9999          |
|  |  |
| 2025-07-08 | 0.9999          |
|  |  |
| 2025-07-09 | 0.9999          |
|  |  |
| 2025-07-10 | 0.9999          |
|  |  |
| 2025-07-11 | 0.9996          |
|  |  |
| 2025-07-14 | 0.9999          |
|  |  |
| 2025-07-15 | 0.9999          |
|  |  |
| 2025-07-16 | 0.9999          |
|  |  |
| 2025-07-17 | 0.9999          |
|  |  |
| 2025-07-18 | 0.9996          |
|  |  |
| 2025-07-21 | 0.9999          |
|  |  |
| 2025-07-22 | 0.9999          |
|  |  |
| 2025-07-23 | 0.9999          |
|  |  |
| 2025-07-24 | 0.9999          |
|  |  |
| 2025-07-25 | 0.9996          |
|  |  |
| 2025-07-28 | 0.9999          |
|  |  |
| 2025-07-29 | 0.9999          |
|  |  |
| 2025-07-30 | 0.9999          |
|  |  |
| 2025-07-31 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $24975.26                 | $13877.18               |
| 2025-07-02 | $269555.10                | $57357.48               |
| 2025-07-03 | $63131.53                 | $0.00                   |
| 2025-07-07 | $45395.58                 | $55983.13               |
| 2025-07-08 | $50539.58                 | $2396.50                |
| 2025-07-09 | $18777.85                 | $0.00                   |
| 2025-07-10 | $160.77                   | $845.44                 |
| 2025-07-11 | $1666.41                  | $33668.85               |
| 2025-07-14 | $205646.60                | $216201.80              |
| 2025-07-15 | $1724.43                  | $0.00                   |
| 2025-07-16 | $2087045.45               | $202977.80              |
| 2025-07-17 | $479176.73                | $2023842.28             |
| 2025-07-18 | $287788.94                | $28120.03               |
| 2025-07-21 | $7310.93                  | $0.00                   |
| 2025-07-22 | $56588.99                 | $0.00                   |
| 2025-07-23 | $8438.27                  | $5315.50                |
| 2025-07-24 | $20714.14                 | $499577.56              |
| 2025-07-25 | $224.95                   | $0.00                   |
| 2025-07-28 | $31.04                    | $480.96                 |
| 2025-07-29 | $507352.25                | $5000.00                |
| 2025-07-30 | $554.59                   | $338679.70              |
| 2025-07-31 | $36812.59                 | $495998.15              |

**Total Gross Subscriptions (Month):** $4173611.98

**Total Gross Redemptions (Month):** $3980322.36

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.3600%           |
| 2025-07-02 | 3.3300%           |
| 2025-07-03 | 3.2300%           |
| 2025-07-07 | 3.4800%           |
| 2025-07-08 | 3.4900%           |
| 2025-07-09 | 3.4900%           |
| 2025-07-10 | 3.5000%           |
| 2025-07-11 | 3.5200%           |
| 2025-07-14 | 3.5300%           |
| 2025-07-15 | 3.5300%           |
| 2025-07-16 | 3.5400%           |
| 2025-07-17 | 3.5400%           |
| 2025-07-18 | 3.5600%           |
| 2025-07-21 | 3.5600%           |
| 2025-07-22 | 3.5600%           |
| 2025-07-23 | 3.5700%           |
| 2025-07-24 | 3.5700%           |
| 2025-07-25 | 3.5700%           |
| 2025-07-28 | 3.5700%           |
| 2025-07-29 | 3.5700%           |
| 2025-07-30 | 3.5700%           |
| 2025-07-31 | 3.5800%           |

**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:** $587708058.48

- **Number of Shares Outstanding:** 587708058.4800

- **Expense Reimbursement/Waiver:** 9621.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 0.9999          |
|  |  |
| 2025-07-02 | 0.9999          |
|  |  |
| 2025-07-03 | 0.9996          |
|  |  |
| 2025-07-07 | 0.9999          |
|  |  |
| 2025-07-08 | 0.9999          |
|  |  |
| 2025-07-09 | 0.9999          |
|  |  |
| 2025-07-10 | 0.9999          |
|  |  |
| 2025-07-11 | 0.9996          |
|  |  |
| 2025-07-14 | 0.9999          |
|  |  |
| 2025-07-15 | 0.9999          |
|  |  |
| 2025-07-16 | 0.9999          |
|  |  |
| 2025-07-17 | 0.9999          |
|  |  |
| 2025-07-18 | 0.9996          |
|  |  |
| 2025-07-21 | 0.9999          |
|  |  |
| 2025-07-22 | 0.9999          |
|  |  |
| 2025-07-23 | 0.9999          |
|  |  |
| 2025-07-24 | 0.9999          |
|  |  |
| 2025-07-25 | 0.9996          |
|  |  |
| 2025-07-28 | 0.9999          |
|  |  |
| 2025-07-29 | 0.9999          |
|  |  |
| 2025-07-30 | 0.9999          |
|  |  |
| 2025-07-31 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $7499535.03               | $328028.86              |
| 2025-07-02 | $18350792.80              | $4352326.56             |
| 2025-07-03 | $4717402.73               | $1453760.55             |
| 2025-07-07 | $15538393.52              | $8099965.29             |
| 2025-07-08 | $5753612.72               | $10355215.61            |
| 2025-07-09 | $1543674.76               | $2722986.52             |
| 2025-07-10 | $2145967.73               | $3925036.36             |
| 2025-07-11 | $31587650.75              | $457136.65              |
| 2025-07-14 | $7455145.82               | $826171.26              |
| 2025-07-15 | $10848748.71              | $21485250.16            |
| 2025-07-16 | $2315961.57               | $3743606.09             |
| 2025-07-17 | $5500715.77               | $258610.55              |
| 2025-07-18 | $7275739.48               | $2666620.14             |
| 2025-07-21 | $6492609.85               | $2666799.43             |
| 2025-07-22 | $1582725.85               | $10386345.39            |
| 2025-07-23 | $3240016.07               | $8705751.22             |
| 2025-07-24 | $143219.41                | $2170467.95             |
| 2025-07-25 | $31588171.39              | $234776.82              |
| 2025-07-28 | $9647696.26               | $23134414.96            |
| 2025-07-29 | $6919506.56               | $10269309.52            |
| 2025-07-30 | $2866642.70               | $8911857.03             |
| 2025-07-31 | $4455025.90               | $487532.31              |

**Total Gross Subscriptions (Month):** $187468955.38

**Total Gross Redemptions (Month):** $127641969.23

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.3600%           |
| 2025-07-02 | 3.3600%           |
| 2025-07-03 | 3.3700%           |
| 2025-07-07 | 3.6700%           |
| 2025-07-08 | 3.6800%           |
| 2025-07-09 | 3.6900%           |
| 2025-07-10 | 3.6900%           |
| 2025-07-11 | 3.7100%           |
| 2025-07-14 | 3.7200%           |
| 2025-07-15 | 3.7300%           |
| 2025-07-16 | 3.7300%           |
| 2025-07-17 | 3.7400%           |
| 2025-07-18 | 3.7500%           |
| 2025-07-21 | 3.7600%           |
| 2025-07-22 | 3.7600%           |
| 2025-07-23 | 3.7600%           |
| 2025-07-24 | 3.7600%           |
| 2025-07-25 | 3.7600%           |
| 2025-07-28 | 3.7600%           |
| 2025-07-29 | 3.7700%           |
| 2025-07-30 | 3.7700%           |
| 2025-07-31 | 3.7700%           |

**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:** $17658330.52

- **Number of Shares Outstanding:** 17658330.5200

- **Expense Reimbursement/Waiver:** 800.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-07-01 | 0.9999          |
|  |  |
| 2025-07-02 | 0.9999          |
|  |  |
| 2025-07-03 | 0.9996          |
|  |  |
| 2025-07-07 | 0.9999          |
|  |  |
| 2025-07-08 | 0.9999          |
|  |  |
| 2025-07-09 | 0.9999          |
|  |  |
| 2025-07-10 | 0.9999          |
|  |  |
| 2025-07-11 | 0.9996          |
|  |  |
| 2025-07-14 | 0.9999          |
|  |  |
| 2025-07-15 | 0.9999          |
|  |  |
| 2025-07-16 | 0.9999          |
|  |  |
| 2025-07-17 | 0.9999          |
|  |  |
| 2025-07-18 | 0.9996          |
|  |  |
| 2025-07-21 | 0.9999          |
|  |  |
| 2025-07-22 | 0.9999          |
|  |  |
| 2025-07-23 | 0.9999          |
|  |  |
| 2025-07-24 | 0.9999          |
|  |  |
| 2025-07-25 | 0.9996          |
|  |  |
| 2025-07-28 | 0.9999          |
|  |  |
| 2025-07-29 | 0.9999          |
|  |  |
| 2025-07-30 | 0.9999          |
|  |  |
| 2025-07-31 | 0.9999          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-07-01 | $881750.62                | $151642.13              |
| 2025-07-02 | $202083.98                | $249883.87              |
| 2025-07-03 | $35413.09                 | $41923.03               |
| 2025-07-07 | $637829.39                | $80413.31               |
| 2025-07-08 | $66058.28                 | $21589.92               |
| 2025-07-09 | $76534.25                 | $29030.66               |
| 2025-07-10 | $451082.04                | $2303.86                |
| 2025-07-11 | $19423.65                 | $69160.66               |
| 2025-07-14 | $6428.78                  | $531632.86              |
| 2025-07-15 | $29958.77                 | $159809.88              |
| 2025-07-16 | $18831.92                 | $152752.54              |
| 2025-07-17 | $8846.57                  | $483684.18              |
| 2025-07-18 | $5626.97                  | $146869.02              |
| 2025-07-21 | $11088.44                 | $1907.02                |
| 2025-07-22 | $307959.28                | $301328.08              |
| 2025-07-23 | $532562.66                | $34964.34               |
| 2025-07-24 | $5449.41                  | $246481.84              |
| 2025-07-25 | $81919.03                 | $5199.32                |
| 2025-07-28 | $1338.27                  | $8140.85                |
| 2025-07-29 | $96986.53                 | $369.84                 |
| 2025-07-30 | $237283.34                | $16350.33               |
| 2025-07-31 | $378812.79                | $4231.27                |

**Total Gross Subscriptions (Month):** $4093268.06

**Total Gross Redemptions (Month):** $2739668.81

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-07-01 | 3.6400%           |
| 2025-07-02 | 3.6400%           |
| 2025-07-03 | 3.6600%           |
| 2025-07-07 | 3.6700%           |
| 2025-07-08 | 3.6800%           |
| 2025-07-09 | 3.6800%           |
| 2025-07-10 | 3.6900%           |
| 2025-07-11 | 3.7100%           |
| 2025-07-14 | 3.7200%           |
| 2025-07-15 | 3.7200%           |
| 2025-07-16 | 3.7300%           |
| 2025-07-17 | 3.7300%           |
| 2025-07-18 | 3.7500%           |
| 2025-07-21 | 3.7500%           |
| 2025-07-22 | 3.7500%           |
| 2025-07-23 | 3.7600%           |
| 2025-07-24 | 3.7600%           |
| 2025-07-25 | 3.7600%           |
| 2025-07-28 | 3.7600%           |
| 2025-07-29 | 3.7600%           |
| 2025-07-30 | 3.7600%           |
| 2025-07-31 | 3.7700%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 99.2600%         | 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: 313385JZ0, C.4 - ISIN: US313385JZ02, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $169440392.52
- **C.18.a - Value (excl. sponsor support):** $169440392.52
- **C.19 - Percentage of Net Assets:** 15.0500%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-08-04
- **C.12 - Maturity Date (WAL):** 2025-08-04
- **C.13 - Final Legal Maturity Date:** 2025-08-04
- **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: 313385KB1, C.4 - ISIN: US313385KB15, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $47172270.00
- **C.18.a - Value (excl. sponsor support):** $47172270.00
- **C.19 - Percentage of Net Assets:** 4.1900%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-08-06
- **C.12 - Maturity Date (WAL):** 2025-08-06
- **C.13 - Final Legal Maturity Date:** 2025-08-06
- **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: 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: 313397JW2, C.4 - ISIN: US313397JW27, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $112000000.00
- **C.18.a - Value (excl. sponsor support):** $112000000.00
- **C.19 - Percentage of Net Assets:** 9.9500%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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 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: 313397JZ5, C.4 - ISIN: US313397JZ57, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $112960167.50
- **C.18.a - Value (excl. sponsor support):** $112960167.50
- **C.19 - Percentage of Net Assets:** 10.0300%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-08-04
- **C.12 - Maturity Date (WAL):** 2025-08-04
- **C.13 - Final Legal Maturity Date:** 2025-08-04
- **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: 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: 313589JW4, C.4 - ISIN: US313589JW41, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $233000000.00
- **C.18.a - Value (excl. sponsor support):** $233000000.00
- **C.19 - Percentage of Net Assets:** 20.7000%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2025-08-01
- **C.12 - Maturity Date (WAL):** 2025-08-01
- **C.13 - Final Legal Maturity Date:** 2025-08-01
- **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: 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: 313589JZ7, C.4 - ISIN: US313589JZ71, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $54980750.00
- **C.18.a - Value (excl. sponsor support):** $54980750.00
- **C.19 - Percentage of Net Assets:** 4.8800%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-08-04
- **C.12 - Maturity Date (WAL):** 2025-08-04
- **C.13 - Final Legal Maturity Date:** 2025-08-04
- **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: 313589KA0, C.4 - ISIN: US313589KA02, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $165522352.00
- **C.18.a - Value (excl. sponsor support):** $165522352.00
- **C.19 - Percentage of Net Assets:** 14.7000%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-08-05
- **C.12 - Maturity Date (WAL):** 2025-08-05
- **C.13 - Final Legal Maturity Date:** 2025-08-05
- **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: 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: 313589KB8, C.4 - ISIN: US313589KB84, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $111734472.79
- **C.18.a - Value (excl. sponsor support):** $111734472.79
- **C.19 - Percentage of Net Assets:** 9.9300%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-08-06
- **C.12 - Maturity Date (WAL):** 2025-08-06
- **C.13 - Final Legal Maturity Date:** 2025-08-06
- **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: 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: 880590KB9, C.4 - ISIN: US880590KB97, C.3 - LEI: 549300HE1ISW43LNKM54
- **C.18 - Value (incl. sponsor support):** $122927395.83
- **C.18.a - Value (excl. sponsor support):** $122927395.83
- **C.19 - Percentage of Net Assets:** 10.9200%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-08-06
- **C.12 - Maturity Date (WAL):** 2025-08-06
- **C.13 - Final Legal Maturity Date:** 2025-08-06
- **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:** 2025-08-04

**By:** /s/James Gallo

**Name of Signing Officer:** James Gallo

**Title of Signing Officer:** Treasurer