# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001752724-25-132072
**Filing Date:** 2025-6
**Character Count:** 65961
**Document Hash:** 0dcb6f9910652cad524980e1998b5894
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-132072.hdr.sgml**: 20250605

**ACCESSION NUMBER**: 0001752724-25-132072

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250605

**DATE AS OF CHANGE**: 20250605

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251026632

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Money Market Fund (Formerly USAA Money Market Fund) (Series ID: S000012906)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000034875 | Victory Money Market Fund | USAXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000908695

### General Information

**Report for (YYYY-MM-DD):** 2025-05-31

**Registrant Full Name:** Victory Portfolios III

**CIK Number of Registrant:** 0000908695

**LEI of Registrant:** 549300WIDR2J6W1Y9S11

**Name of Series:** Victory Money Market Fund

**LEI of Series:** 549300R7P96U7JAZST52

**EDGAR Series Identifier:** S000012906

**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            | Victory Capital Management, Inc.                         | 801-46878         |
| Independent Public Accountant | Cohen and Company, Ltd<br>City: Cleveland<br>State: OH   |  |
| Administrator                 | Victory Capital Management, Inc.                         |  |
| Transfer Agent                | Victory Capital Transfer Agency, Inc.<br>CIK: 0000737074 | 084-01197         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-65572

- **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:** Prime

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

- **WAM:** 18 days

- **WAL:** 24 days

- **Total Value of Portfolio Securities:** $2098297764.88

- **Amortized Cost of Portfolio Securities:** $2098611787.76

- **Cash:** $2101774.37

- **Total Other Assets:** $913403.89

- **Total Liabilities:** $8276202.03

- **Net Assets of Series:** $2093350763.99

- **Number of Shares Outstanding (Series):** 2093783583.8670

- **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 | $1103676794.70            | $1423275836.66             | 52.4900%                  | 67.6900%                   |
| 2025-05-02 | $1023935897.56            | $1398506531.45             | 48.7000%                  | 66.5100%                   |
| 2025-05-05 | $1059612445.23            | $1344266904.96             | 50.3800%                  | 63.9100%                   |
| 2025-05-06 | $1009367470.01            | $1270000130.01             | 46.6700%                  | 58.7200%                   |
| 2025-05-07 | $995799457.51             | $1185715622.79             | 46.9000%                  | 55.8500%                   |
| 2025-05-08 | $991997114.01             | $1211873403.10             | 45.7500%                  | 55.8900%                   |
| 2025-05-09 | $772911290.09             | $1142716033.33             | 36.7300%                  | 54.3100%                   |
| 2025-05-12 | $897442202.75             | $1132354600.03             | 42.6300%                  | 53.7900%                   |
| 2025-05-13 | $700129860.11             | $1143418097.66             | 33.2500%                  | 54.3100%                   |
| 2025-05-14 | $803394515.39             | $1211666707.08             | 38.1900%                  | 57.5900%                   |
| 2025-05-15 | $667699246.07             | $1180893689.14             | 31.7600%                  | 56.1600%                   |
| 2025-05-16 | $644651486.78             | $1290265145.13             | 30.6700%                  | 61.3800%                   |
| 2025-05-19 | $747266432.37             | $1262099801.97             | 35.5400%                  | 60.0300%                   |
| 2025-05-20 | $792396049.24             | $1326178803.52             | 37.6900%                  | 63.0700%                   |
| 2025-05-21 | $879936306.66             | $1366677451.19             | 41.8400%                  | 64.9800%                   |
| 2025-05-22 | $855826788.90             | $1409419551.48             | 40.7200%                  | 67.0600%                   |
| 2025-05-23 | $801598253.92             | $1385211748.07             | 38.1300%                  | 65.8900%                   |
| 2025-05-27 | $897698130.54             | $1348571806.92             | 42.6800%                  | 64.1200%                   |
| 2025-05-28 | $1081322582.18            | $1397166551.61             | 51.4500%                  | 66.4800%                   |
| 2025-05-29 | $992489175.53             | $1369288838.03             | 47.2200%                  | 65.1500%                   |
| 2025-05-30 | $1003974652.16            | $1398779549.38             | 47.7800%                  | 66.5700%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-05-01 | 4.6500%             |
| 2025-05-02 | 4.6500%             |
| 2025-05-05 | 4.6300%             |
| 2025-05-06 | 4.6300%             |
| 2025-05-07 | 4.6300%             |
| 2025-05-08 | 4.6300%             |
| 2025-05-09 | 4.6300%             |
| 2025-05-12 | 4.6400%             |
| 2025-05-13 | 4.6300%             |
| 2025-05-14 | 4.6400%             |
| 2025-05-15 | 4.6500%             |
| 2025-05-16 | 4.6500%             |
| 2025-05-19 | 4.6600%             |
| 2025-05-20 | 4.6700%             |
| 2025-05-21 | 4.6700%             |
| 2025-05-22 | 4.6700%             |
| 2025-05-23 | 4.6600%             |
| 2025-05-27 | 4.6400%             |
| 2025-05-28 | 4.6300%             |
| 2025-05-29 | 4.6100%             |
| 2025-05-30 | 4.6000%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-05-01 | 0.9998                      |
|  |  |
| 2025-05-02 | 0.9997                      |
|  |  |
| 2025-05-05 | 0.9997                      |
|  |  |
| 2025-05-06 | 0.9997                      |
|  |  |
| 2025-05-07 | 0.9997                      |
|  |  |
| 2025-05-08 | 0.9997                      |
|  |  |
| 2025-05-09 | 0.9997                      |
|  |  |
| 2025-05-12 | 0.9997                      |
|  |  |
| 2025-05-13 | 0.9997                      |
|  |  |
| 2025-05-14 | 0.9997                      |
|  |  |
| 2025-05-15 | 0.9997                      |
|  |  |
| 2025-05-16 | 0.9997                      |
|  |  |
| 2025-05-19 | 0.9997                      |
|  |  |
| 2025-05-20 | 0.9997                      |
|  |  |
| 2025-05-21 | 0.9997                      |
|  |  |
| 2025-05-22 | 0.9997                      |
|  |  |
| 2025-05-23 | 0.9997                      |
|  |  |
| 2025-05-27 | 0.9997                      |
|  |  |
| 2025-05-28 | 0.9997                      |
|  |  |
| 2025-05-29 | 0.9997                      |
|  |  |
| 2025-05-30 | 0.9997                      |
|  |  |

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

### Class: Victory Money Market Fund

- **Minimum Initial Investment:** $1000.00

- **Net Assets of Class:** $2093350763.99

- **Number of Shares Outstanding:** 2093783583.8670

- **Expense Reimbursement/Waiver:** 4395.85

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 0.9998          |
|  |  |
| 2025-05-02 | 0.9997          |
|  |  |
| 2025-05-05 | 0.9997          |
|  |  |
| 2025-05-06 | 0.9997          |
|  |  |
| 2025-05-07 | 0.9997          |
|  |  |
| 2025-05-08 | 0.9997          |
|  |  |
| 2025-05-09 | 0.9997          |
|  |  |
| 2025-05-12 | 0.9997          |
|  |  |
| 2025-05-13 | 0.9997          |
|  |  |
| 2025-05-14 | 0.9997          |
|  |  |
| 2025-05-15 | 0.9997          |
|  |  |
| 2025-05-16 | 0.9997          |
|  |  |
| 2025-05-19 | 0.9997          |
|  |  |
| 2025-05-20 | 0.9997          |
|  |  |
| 2025-05-21 | 0.9997          |
|  |  |
| 2025-05-22 | 0.9997          |
|  |  |
| 2025-05-23 | 0.9997          |
|  |  |
| 2025-05-27 | 0.9997          |
|  |  |
| 2025-05-28 | 0.9997          |
|  |  |
| 2025-05-29 | 0.9997          |
|  |  |
| 2025-05-30 | 0.9997          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $9496102.93               | $2852506.99             |
| 2025-05-02 | $3363130.87               | $2634344.72             |
| 2025-05-05 | $2545091.21               | $2559471.27             |
| 2025-05-06 | $2652052.01               | $2859552.05             |
| 2025-05-07 | $1600932.46               | $2153315.06             |
| 2025-05-08 | $2374030.78               | $1411173.14             |
| 2025-05-09 | $1642854.14               | $2111224.89             |
| 2025-05-12 | $2073981.94               | $1871814.87             |
| 2025-05-13 | $2750082.63               | $2816675.82             |
| 2025-05-14 | $3349442.76               | $5185594.03             |
| 2025-05-15 | $1245454.86               | $2765173.67             |
| 2025-05-16 | $2801250.67               | $3456030.49             |
| 2025-05-19 | $2461238.14               | $2951177.58             |
| 2025-05-20 | $3156693.84               | $3190580.36             |
| 2025-05-21 | $2378723.77               | $2009037.80             |
| 2025-05-22 | $918013.47                | $2852974.00             |
| 2025-05-23 | $1755928.35               | $1210874.23             |
| 2025-05-27 | $2014665.48               | $2446941.04             |
| 2025-05-28 | $1903484.90               | $3489497.52             |
| 2025-05-29 | $1900712.06               | $2080549.28             |
| 2025-05-30 | $1236175.60               | $1960933.38             |

**Total Gross Subscriptions (Month):** $53620042.87

**Total Gross Redemptions (Month):** $54869442.19

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.0300%           |
| 2025-05-02 | 4.0300%           |
| 2025-05-05 | 4.0100%           |
| 2025-05-06 | 4.0100%           |
| 2025-05-07 | 4.0100%           |
| 2025-05-08 | 4.0100%           |
| 2025-05-09 | 4.0100%           |
| 2025-05-12 | 4.0200%           |
| 2025-05-13 | 4.0100%           |
| 2025-05-14 | 4.0200%           |
| 2025-05-15 | 4.0300%           |
| 2025-05-16 | 4.0300%           |
| 2025-05-19 | 4.0400%           |
| 2025-05-20 | 4.0500%           |
| 2025-05-21 | 4.0500%           |
| 2025-05-22 | 4.0500%           |
| 2025-05-23 | 4.0400%           |
| 2025-05-27 | 4.0200%           |
| 2025-05-28 | 4.0100%           |
| 2025-05-29 | 3.9900%           |
| 2025-05-30 | 3.9800%           |

## Part C: Schedule of Portfolio Securities

### Security 1: DUKE ENERGY CORP

- **C.1 - Title:** DUKE ENERGY CORP
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 26244HT60, C.4 - ISIN: US26244HT603, C.3 - LEI: I1BZKREC126H0VB1BL91
- **C.18 - Value (incl. sponsor support):** $39964768.00
- **C.18.a - Value (excl. sponsor support):** $39964768.00
- **C.19 - Percentage of Net Assets:** 1.9100%
- **C.17 - Yield as of Reporting Date:** 4.5300%
- **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
- **C.10 - Ratings:** Moody's: Baa2; Fitch: A-2; Standard and Poor's: BBB+
- **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: INTERCONTINENTAL EXCHANGE INC

- **C.1 - Title:** INTERCONTINENTAL EXCHANGE INC
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 45856WT25, C.4 - ISIN: US45856WT253, C.3 - LEI: 5493000F4ZO33MV32P92
- **C.18 - Value (incl. sponsor support):** $61975696.00
- **C.18.a - Value (excl. sponsor support):** $61975696.00
- **C.19 - Percentage of Net Assets:** 2.9600%
- **C.17 - Yield as of Reporting Date:** 4.5700%
- **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
- **C.10 - Ratings:** Standard and Poor's: A-; Moody's: A3; Fitch: A-2
- **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 3: BANK OF AMERICA CORP

- **C.1 - Title:** BANK OF AMERICA NA
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 06050FMF6, C.4 - ISIN: US06050FMF61, C.3 - LEI: B4TYDEB6GKMZO031MB27
- **C.18 - Value (incl. sponsor support):** $40009800.00
- **C.18.a - Value (excl. sponsor support):** $40009800.00
- **C.19 - Percentage of Net Assets:** 1.9100%
- **C.17 - Yield as of Reporting Date:** 4.6800%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-07-16
- **C.13 - Final Legal Maturity Date:** 2025-07-16
- **C.10 - Ratings:** Fitch: AA+; Moody's: Aa1; Standard and Poor's: A+
- **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: GLENCORE FUNDING LLC

- **C.1 - Title:** GLENCORE FUNDING LLC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 37790AT52, C.4 - ISIN: US37790AT524, C.3 - LEI: 213800STG1QDNBY87K49
- **C.18 - Value (incl. sponsor support):** $19984842.00
- **C.18.a - Value (excl. sponsor support):** $19984842.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.6600%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB+; Fitch: A-2; Moody's: Baa1
- **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: AMEREN CORP.

- **C.1 - Title:** AMEREN CORPORATION
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 02360RTG5, C.4 - ISIN: US02360RTG55, C.3 - LEI: XRZQ5S7HYJFPHJ78L959
- **C.18 - Value (incl. sponsor support):** $39913588.00
- **C.18.a - Value (excl. sponsor support):** $39913588.00
- **C.19 - Percentage of Net Assets:** 1.9100%
- **C.17 - Yield as of Reporting Date:** 4.6700%
- **C.11 - Maturity Date (WAM):** 2025-06-16
- **C.12 - Maturity Date (WAL):** 2025-06-16
- **C.13 - Final Legal Maturity Date:** 2025-06-16
- **C.10 - Ratings:** Standard and Poor's: BBB+; Fitch: A-2; Moody's: Baa1
- **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: RIDGEFIELD FUNDING CO LLC

- **C.1 - Title:** RIDGEFIELD FUNDING CO LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 76582JYK4, C.4 - ISIN: US76582JYK41, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $19577224.00
- **C.18.a - Value (excl. sponsor support):** $19577224.00
- **C.19 - Percentage of Net Assets:** 0.9400%
- **C.17 - Yield as of Reporting Date:** 4.5000%
- **C.11 - Maturity Date (WAM):** 2025-11-19
- **C.12 - Maturity Date (WAL):** 2025-11-19
- **C.13 - Final Legal Maturity Date:** 2025-11-19
- **C.10 - Ratings:** Standard and Poor's: NR; Moody's: NR; Fitch: NR
- **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: NIEUW AMSTERDAM RECEIVABLES

- **C.1 - Title:** NIEUW AMSTERDAM RECEIVABLES
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 65409RVD9, C.4 - ISIN: US65409RVD96, C.3 - LEI: 724500BM7HQ28ZIB2058
- **C.18 - Value (incl. sponsor support):** $19816876.00
- **C.18.a - Value (excl. sponsor support):** $19816876.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **C.11 - Maturity Date (WAM):** 2025-08-13
- **C.12 - Maturity Date (WAL):** 2025-08-13
- **C.13 - Final Legal Maturity Date:** 2025-08-13
- **C.10 - Ratings:** Standard and Poor's: NR; Moody's: NR; Fitch: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 8: BANK OF NOVA SCOTIA

- **C.1 - Title:** BANK OF NOVA SCOTIA
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 06418NDC3, C.4 - ISIN: US06418NDC39, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $20020242.37
- **C.18.a - Value (excl. sponsor support):** $20020242.37
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.6700%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-10-03
- **C.13 - Final Legal Maturity Date:** 2025-10-03
- **C.10 - Ratings:** Fitch: NR; Moody's: NR; Standard and Poor's: NR
- **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: NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP

- **C.1 - Title:** NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 63743CT45, C.4 - ISIN: US63743CT450, C.3 - LEI: 4NYF266XZC35SCTGX023
- **C.18 - Value (incl. sponsor support):** $39975960.00
- **C.18.a - Value (excl. sponsor support):** $39975960.00
- **C.19 - Percentage of Net Assets:** 1.9100%
- **C.17 - Yield as of Reporting Date:** 4.4300%
- **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
- **C.10 - Ratings:** Standard and Poor's: A-; Fitch: A-2; Moody's: A2
- **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: HYUNDAI CAPITAL AMERICA

- **C.1 - Title:** HYUNDAI CAP AMER INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 44890MTB8, C.4 - ISIN: US44890MTB80, C.3 - LEI: 549300RIPPWJB5Z0FK07
- **C.18 - Value (incl. sponsor support):** $19969226.00
- **C.18.a - Value (excl. sponsor support):** $19969226.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.7100%
- **C.11 - Maturity Date (WAM):** 2025-06-11
- **C.12 - Maturity Date (WAL):** 2025-06-11
- **C.13 - Final Legal Maturity Date:** 2025-06-11
- **C.10 - Ratings:** Standard and Poor's: BBB+; Fitch: A-2; Moody's: A3
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 11: LMA AMERICAS LLC

- **C.1 - Title:** LMA AMERICAS LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 53944QUQ1, C.4 - ISIN: US53944QUQ18, C.3 - LEI: 969500DWS97CYSHCPT49
- **C.18 - Value (incl. sponsor support):** $19865658.00
- **C.18.a - Value (excl. sponsor support):** $19865658.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4500%
- **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:** Moody's: NR; Standard and Poor's: NR; Fitch: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 12: OLD LINE FUNDING LLC

- **C.1 - Title:** OLD LINE FUNDING LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 67984VKV1, C.4 - ISIN: US067984VKV1, C.3 - LEI: 5493004QSN8OZAIU2J90
- **C.18 - Value (incl. sponsor support):** $20003200.00
- **C.18.a - Value (excl. sponsor support):** $20003200.00
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.6300%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-07-30
- **C.13 - Final Legal Maturity Date:** 2025-07-30
- **C.10 - Ratings:** Fitch: NR; Standard and Poor's: NR; Moody's: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 13: VERIZON COMMUNICATIONS INC.

- **C.1 - Title:** VERIZON COMMUNICATIONS
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 92344LT39, C.4 - ISIN: US92344LT396, C.3 - LEI: 2S72QS2UO2OESLG6Y829
- **C.18 - Value (incl. sponsor support):** $49974605.00
- **C.18.a - Value (excl. sponsor support):** $49974605.00
- **C.19 - Percentage of Net Assets:** 2.3900%
- **C.17 - Yield as of Reporting Date:** 4.5400%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB+; Moody's: Baa1; Fitch: A-2
- **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 14: AUTOMATIC DATA PROCESSING  INC.

- **C.1 - Title:** AUTOMATIC DATA PROCESSING
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 0530A2T34, C.4 - ISIN: US0530A2T343, C.3 - LEI: HGBOLILQXWER4SAL2I23
- **C.18 - Value (incl. sponsor support):** $64968611.50
- **C.18.a - Value (excl. sponsor support):** $64968611.50
- **C.19 - Percentage of Net Assets:** 3.1000%
- **C.17 - Yield as of Reporting Date:** 4.3400%
- **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
- **C.10 - Ratings:** Standard and Poor's: AA-; Fitch: AA-; Moody's: Aa3
- **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 15: OVINTIV INC

- **C.1 - Title:** OVINTIV INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 69047JTG3, C.4 - ISIN: US69047JTG30, C.3 - LEI: 2549003MEX7YMKLGI239
- **C.18 - Value (incl. sponsor support):** $29928270.00
- **C.18.a - Value (excl. sponsor support):** $29928270.00
- **C.19 - Percentage of Net Assets:** 1.4300%
- **C.17 - Yield as of Reporting Date:** 4.9600%
- **C.11 - Maturity Date (WAM):** 2025-06-16
- **C.12 - Maturity Date (WAL):** 2025-06-16
- **C.13 - Final Legal Maturity Date:** 2025-06-16
- **C.10 - Ratings:** Fitch: A-3; Moody's: Baa3; Standard and Poor's: BBB-
- **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 16: TORONTO DOMINION BANK NY

- **C.1 - Title:** TORONTO DOMINION BANK NY
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 89115BVV9, C.4 - ISIN: US89115BVV97, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $20010000.87
- **C.18.a - Value (excl. sponsor support):** $20010000.87
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.7000%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-08-07
- **C.13 - Final Legal Maturity Date:** 2025-08-07
- **C.10 - Ratings:** Fitch: NR; Standard and Poor's: NR; Moody's: NR
- **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 17: HYUNDAI CAPITAL AMERICA

- **C.1 - Title:** HYUNDAI CAP AMER INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 44890MT28, C.4 - ISIN: US44890MT288, C.3 - LEI: 549300RIPPWJB5Z0FK07
- **C.18 - Value (incl. sponsor support):** $19992386.00
- **C.18.a - Value (excl. sponsor support):** $19992386.00
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.5100%
- **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
- **C.10 - Ratings:** Moody's: A3; Standard and Poor's: BBB+; Fitch: A-2
- **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: HANNOVER FUNDING CO LLC

- **C.1 - Title:** HANNOVER FUNDING CO LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 41068KU14, C.4 - ISIN: US41068KU146, C.3 - LEI: 549300Q4LWLYRV25UY62
- **C.18 - Value (incl. sponsor support):** $16931224.80
- **C.18.a - Value (excl. sponsor support):** $16931224.80
- **C.19 - Percentage of Net Assets:** 0.8100%
- **C.17 - Yield as of Reporting Date:** 4.5300%
- **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:** Moody's: NR; Standard and Poor's: NR; Fitch: NR
- **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 19: GENERAL MOTORS FINANCIAL CO.

- **C.1 - Title:** GENERAL MOTORS
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 37046TT20, C.4 - ISIN: US37046TT208, C.3 - LEI: 5493008B6JBRUJ90QL97
- **C.18 - Value (incl. sponsor support):** $59977206.00
- **C.18.a - Value (excl. sponsor support):** $59977206.00
- **C.19 - Percentage of Net Assets:** 2.8700%
- **C.17 - Yield as of Reporting Date:** 4.5300%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB; Fitch: A-2; Moody's: Baa2
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 20: GLENCORE FUNDING LLC

- **C.1 - Title:** GLENCORE FUNDING LLC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 37790ATL7, C.4 - ISIN: US37790ATL79, C.3 - LEI: 213800STG1QDNBY87K49
- **C.18 - Value (incl. sponsor support):** $19946658.00
- **C.18.a - Value (excl. sponsor support):** $19946658.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.6700%
- **C.11 - Maturity Date (WAM):** 2025-06-20
- **C.12 - Maturity Date (WAL):** 2025-06-20
- **C.13 - Final Legal Maturity Date:** 2025-06-20
- **C.10 - Ratings:** Standard and Poor's: BBB+; Fitch: A-2; Moody's: Baa1
- **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 21: BARTON CAPITAL CORP

- **C.1 - Title:** BARTON CAPITAL CORP
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 06945LV47, C.4 - ISIN: US06945LV474, C.3 - LEI: 549300KOFKIMD0C37W24
- **C.18 - Value (incl. sponsor support):** $19838960.00
- **C.18.a - Value (excl. sponsor support):** $19838960.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4600%
- **C.11 - Maturity Date (WAM):** 2025-08-04
- **C.12 - Maturity Date (WAL):** 2025-08-04
- **C.13 - Final Legal Maturity Date:** 2025-08-04
- **C.10 - Ratings:** Fitch: NR; Standard and Poor's: NR; Moody's: NR
- **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 22: AUTONATION  INC.

- **C.1 - Title:** AUTONATION INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 05330LT29, C.4 - ISIN: US05330LT292, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $39983320.00
- **C.18.a - Value (excl. sponsor support):** $39983320.00
- **C.19 - Percentage of Net Assets:** 1.9100%
- **C.17 - Yield as of Reporting Date:** 4.7500%
- **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
- **C.10 - Ratings:** Moody's: Baa3; Fitch: A-3; Standard and Poor's: BBB-
- **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 23: NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP

- **C.1 - Title:** NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 63743CTC7, C.4 - ISIN: US63743CTC72, C.3 - LEI: 4NYF266XZC35SCTGX023
- **C.18 - Value (incl. sponsor support):** $29953035.00
- **C.18.a - Value (excl. sponsor support):** $29953035.00
- **C.19 - Percentage of Net Assets:** 1.4300%
- **C.17 - Yield as of Reporting Date:** 4.4400%
- **C.11 - Maturity Date (WAM):** 2025-06-12
- **C.12 - Maturity Date (WAL):** 2025-06-12
- **C.13 - Final Legal Maturity Date:** 2025-06-12
- **C.10 - Ratings:** Moody's: A2; Fitch: A-2; Standard and Poor's: A-
- **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 24: CANADIAN NATURAL RESOURCE LIMITED

- **C.1 - Title:** CANADIAN NAT RES
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13638WTL6, C.4 - ISIN: US13638WTL62, C.3 - LEI: 549300T15RIMIKZC5Q38
- **C.18 - Value (incl. sponsor support):** $27914957.84
- **C.18.a - Value (excl. sponsor support):** $27914957.84
- **C.19 - Percentage of Net Assets:** 1.3300%
- **C.17 - Yield as of Reporting Date:** 4.9900%
- **C.11 - Maturity Date (WAM):** 2025-06-20
- **C.12 - Maturity Date (WAL):** 2025-06-20
- **C.13 - Final Legal Maturity Date:** 2025-06-20
- **C.10 - Ratings:** Fitch: A-3; Moody's: Baa1; Standard and Poor's: BBB-
- **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 25: MANHATTAN ASSET FUNDING CO.

- **C.1 - Title:** MANHATTAN ASSET FUNDING CO
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 56274LT46, C.4 - ISIN: US56274LT464, C.3 - LEI: 549300S0NSJYSOB32S63
- **C.18 - Value (incl. sponsor support):** $19987904.00
- **C.18.a - Value (excl. sponsor support):** $19987904.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **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
- **C.10 - Ratings:** Fitch: NR; Standard and Poor's: NR; Moody's: NR
- **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 26: CANADIAN NATURAL RESOURCE LIMITED

- **C.1 - Title:** CANADIAN NAT RES
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13638WTR3, C.4 - ISIN: US13638WTR33, C.3 - LEI: 549300T15RIMIKZC5Q38
- **C.18 - Value (incl. sponsor support):** $19931440.00
- **C.18.a - Value (excl. sponsor support):** $19931440.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 5.0100%
- **C.11 - Maturity Date (WAM):** 2025-06-25
- **C.12 - Maturity Date (WAL):** 2025-06-25
- **C.13 - Final Legal Maturity Date:** 2025-06-25
- **C.10 - Ratings:** Moody's: Baa1; Standard and Poor's: BBB-; Fitch: A-3
- **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 27: FIXED INCOME CLEARING CORPORATION ("FICC") - STATE STREET BANK & TRUST CO.

- **C.1 - Title:** FIXED INCOME CLEARING CO
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: FIC125602
- **C.18 - Value (incl. sponsor support):** $500000000.00
- **C.18.a - Value (excl. sponsor support):** $500000000.00
- **C.19 - Percentage of Net Assets:** 23.8900%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **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
- **C.10 - Ratings:** Moody's: NR; Fitch: NR; Standard and Poor's: NR
- **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?:** Yes

- **Name of CCP:** FIXED INCOME CLEARING CORPORATION ("FICC") - STATE STREET BANK & TRUST CO.

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| USTR          | 2043-02-15      | 3.8750%  | N/A     | $574901100.00      | $510000066.40      | U.S. Treasuries (including strips) |

### Security 28: CITIBANK NA

- **C.1 - Title:** CITIBANK NA
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 17330QGU5, C.4 - ISIN: US17330QGU58, C.3 - LEI: E57ODZWZ7FF32TWEFA76
- **C.18 - Value (incl. sponsor support):** $30010020.00
- **C.18.a - Value (excl. sponsor support):** $30010020.00
- **C.19 - Percentage of Net Assets:** 1.4300%
- **C.17 - Yield as of Reporting Date:** 4.6700%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-09-18
- **C.13 - Final Legal Maturity Date:** 2025-09-18
- **C.10 - Ratings:** Standard and Poor's: NR; Fitch: NR; Moody's: NR
- **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 29: MANHATTAN ASSET FUNDING CO.

- **C.1 - Title:** MANHATTAN ASSET FUNDING CO
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 56274LU28, C.4 - ISIN: US56274LU280, C.3 - LEI: 549300S0NSJYSOB32S63
- **C.18 - Value (incl. sponsor support):** $19919664.00
- **C.18.a - Value (excl. sponsor support):** $19919664.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4100%
- **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:** Standard and Poor's: NR; Moody's: NR; Fitch: NR
- **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 30: VICTORY RECEIVABLES CORP

- **C.1 - Title:** VICTORY RECEIVABLES CORP
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 92646KUU4, C.4 - ISIN: US92646KUU41, C.3 - LEI: 549300D0F37QF0LP7F94
- **C.18 - Value (incl. sponsor support):** $19856084.00
- **C.18.a - Value (excl. sponsor support):** $19856084.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **C.11 - Maturity Date (WAM):** 2025-07-28
- **C.12 - Maturity Date (WAL):** 2025-07-28
- **C.13 - Final Legal Maturity Date:** 2025-07-28
- **C.10 - Ratings:** Standard and Poor's: NR; Moody's: NR; Fitch: NR
- **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 31: CENTERPOINT ENERGY  INC.

- **C.1 - Title:** CENTERPOINT ENERGY
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 1518T2T20, C.4 - ISIN: US1518T2T205, C.3 - LEI: 21TPXMRRHFKOBHDC8J74
- **C.18 - Value (incl. sponsor support):** $19992470.00
- **C.18.a - Value (excl. sponsor support):** $19992470.00
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.4800%
- **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
- **C.10 - Ratings:** Moody's: A3; Standard and Poor's: BBB+; Fitch: A-2
- **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 32: AMERICAN HONDA FINANCE

- **C.1 - Title:** AMERICAN HONDA FINANCE
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 02665JVJ6, C.4 - ISIN: US02665JVJ68, C.3 - LEI: B6Q2VFHD1797Q7NZ3E43
- **C.18 - Value (incl. sponsor support):** $19792740.00
- **C.18.a - Value (excl. sponsor support):** $19792740.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.7800%
- **C.11 - Maturity Date (WAM):** 2025-08-18
- **C.12 - Maturity Date (WAL):** 2025-08-18
- **C.13 - Final Legal Maturity Date:** 2025-08-18
- **C.10 - Ratings:** Moody's: A3; Standard and Poor's: A-; Fitch: A-2
- **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 33: LIBERTY STREET FUNDING LLC

- **C.1 - Title:** LIBERTY STREET FUNDING LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 53127TXH1, C.4 - ISIN: US53127TXH12, C.3 - LEI: 549300F33VRHM10B9391
- **C.18 - Value (incl. sponsor support):** $19657648.00
- **C.18.a - Value (excl. sponsor support):** $19657648.00
- **C.19 - Percentage of Net Assets:** 0.9400%
- **C.17 - Yield as of Reporting Date:** 4.4800%
- **C.11 - Maturity Date (WAM):** 2025-10-17
- **C.12 - Maturity Date (WAL):** 2025-10-17
- **C.13 - Final Legal Maturity Date:** 2025-10-17
- **C.10 - Ratings:** Standard and Poor's: NR; Moody's: NR; Fitch: NR
- **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 34: DUKE ENERGY CORP

- **C.1 - Title:** DUKE ENERGY CORP
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 26244HT45, C.4 - ISIN: US26244HT454, C.3 - LEI: I1BZKREC126H0VB1BL91
- **C.18 - Value (incl. sponsor support):** $19987432.00
- **C.18.a - Value (excl. sponsor support):** $19987432.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.5800%
- **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
- **C.10 - Ratings:** Fitch: A-2; Moody's: Baa2; Standard and Poor's: BBB+
- **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 35: ROYAL BANK OF CANADA NY

- **C.1 - Title:** ROYAL BANK OF CANADA NY
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 78015JUX3, C.4 - ISIN: US78015JUX35, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $20005320.00
- **C.18.a - Value (excl. sponsor support):** $20005320.00
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.6800%
- **C.11 - Maturity Date (WAM):** 2025-06-01
- **C.12 - Maturity Date (WAL):** 2025-08-06
- **C.13 - Final Legal Maturity Date:** 2025-08-06
- **C.10 - Ratings:** Standard and Poor's: NR; Moody's: NR; Fitch: NR
- **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 36: CANADIAN NATURAL RESOURCE LIMITED

- **C.1 - Title:** CANADIAN NAT RES
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 13638WT28, C.4 - ISIN: US13638WT287, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $19991700.00
- **C.18.a - Value (excl. sponsor support):** $19991700.00
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.8700%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB-; Moody's: Baa1; Fitch: A-3
- **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 37: ENERGY TRANSFER EQUITY  LP

- **C.1 - Title:** ENERGY TRANSFER PART LP
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 29277ET20, C.4 - ISIN: US29277ET201, C.3 - LEI: MTLVN9N7JE8MIBIJ1H73
- **C.18 - Value (incl. sponsor support):** $59977158.00
- **C.18.a - Value (excl. sponsor support):** $59977158.00
- **C.19 - Percentage of Net Assets:** 2.8700%
- **C.17 - Yield as of Reporting Date:** 4.5500%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB; Moody's: Baa2; Fitch: A-2
- **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 38: OLD LINE FUNDING LLC

- **C.1 - Title:** OLD LINE FUNDING LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 67983TXF8, C.4 - ISIN: US67983TXF82, C.3 - LEI: 5493004QSN8OZAIU2J90
- **C.18 - Value (incl. sponsor support):** $19664966.00
- **C.18.a - Value (excl. sponsor support):** $19664966.00
- **C.19 - Percentage of Net Assets:** 0.9400%
- **C.17 - Yield as of Reporting Date:** 4.4300%
- **C.11 - Maturity Date (WAM):** 2025-10-15
- **C.12 - Maturity Date (WAL):** 2025-10-15
- **C.13 - Final Legal Maturity Date:** 2025-10-15
- **C.10 - Ratings:** Moody's: NR; Fitch: NR; Standard and Poor's: NR
- **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 39: VW CREDIT INC

- **C.1 - Title:** VW CREDIT INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 91842JT33, C.4 - ISIN: US91842JT337, C.3 - LEI: 549300UUPJ2NXDB68M19
- **C.18 - Value (incl. sponsor support):** $19989686.00
- **C.18.a - Value (excl. sponsor support):** $19989686.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.7900%
- **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
- **C.10 - Ratings:** Moody's: NR; Standard and Poor's: BBB+; Fitch: A-2
- **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 40: DAIRY FARMERS OF AMERICA

- **C.1 - Title:** DAIRY FARMERS OF AMERICA
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 23385TT29, C.4 - ISIN: US23385TT297, C.3 - LEI: 1LTUIZEFFT7MUIERI838
- **C.18 - Value (incl. sponsor support):** $69973351.00
- **C.18.a - Value (excl. sponsor support):** $69973351.00
- **C.19 - Percentage of Net Assets:** 3.3400%
- **C.17 - Yield as of Reporting Date:** 4.6000%
- **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
- **C.10 - Ratings:** Moody's: Baa2; Fitch: A-2; Standard and Poor's: BBB
- **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 41: BANK OF AMERICA CORP

- **C.1 - Title:** BANK OF AMERICA NA
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 06053RBG7, C.4 - ISIN: US06053RBG74, C.3 - LEI: B4TYDEB6GKMZO031MB27
- **C.18 - Value (incl. sponsor support):** $19993960.00
- **C.18.a - Value (excl. sponsor support):** $19993960.00
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.6500%
- **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:** Moody's: NR; Fitch: AA+; Standard and Poor's: NR
- **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 42: EVERGY METRO INC

- **C.1 - Title:** EVERGY METRO INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 30036MT22, C.4 - ISIN: US30036MT227, C.3 - LEI: 1128SIJQ26096WL7IO82
- **C.18 - Value (incl. sponsor support):** $34986675.50
- **C.18.a - Value (excl. sponsor support):** $34986675.50
- **C.19 - Percentage of Net Assets:** 1.6700%
- **C.17 - Yield as of Reporting Date:** 4.5300%
- **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
- **C.10 - Ratings:** Fitch: A-2; Standard and Poor's: A-; Moody's: A2
- **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 43: AMPHENOL CORP

- **C.1 - Title:** AMPHENOL CORP NEW
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 03209LT22, C.4 - ISIN: US03209LT225, C.3 - LEI: 549300D3L3G0R4U4VT04
- **C.18 - Value (incl. sponsor support):** $44983431.00
- **C.18.a - Value (excl. sponsor support):** $44983431.00
- **C.19 - Percentage of Net Assets:** 2.1500%
- **C.17 - Yield as of Reporting Date:** 4.4400%
- **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
- **C.10 - Ratings:** Moody's: A3; Standard and Poor's: BBB+; Fitch: A-2
- **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 44: AUTOZONE INC.

- **C.1 - Title:** AUTOZONE INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 05333TT37, C.4 - ISIN: US05333TT372, C.3 - LEI: GA3JGKJ41LJKXDN23E90
- **C.18 - Value (incl. sponsor support):** $49974635.00
- **C.18.a - Value (excl. sponsor support):** $49974635.00
- **C.19 - Percentage of Net Assets:** 2.3900%
- **C.17 - Yield as of Reporting Date:** 4.5000%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB; Fitch: A-2; Moody's: Baa1
- **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 45: GLENCORE FUNDING LLC

- **C.1 - Title:** GLENCORE FUNDING LLC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 37790AT29, C.4 - ISIN: US37790AT292, C.3 - LEI: 213800STG1QDNBY87K49
- **C.18 - Value (incl. sponsor support):** $19992436.00
- **C.18.a - Value (excl. sponsor support):** $19992436.00
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.5900%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB+; Moody's: Baa1; Fitch: A-2
- **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 46: AMEREN CORP.

- **C.1 - Title:** AMEREN CORPORATION
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 02360RT67, C.4 - ISIN: US02360RT679, C.3 - LEI: XRZQ5S7HYJFPHJ78L959
- **C.18 - Value (incl. sponsor support):** $19982422.00
- **C.18.a - Value (excl. sponsor support):** $19982422.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.6200%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB+; Moody's: Baa1; Fitch: A-2
- **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 47: AMPHENOL CORP

- **C.1 - Title:** AMPHENOL CORP NEW
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 03209LT48, C.4 - ISIN: US03209LT480, C.3 - LEI: 549300D3L3G0R4U4VT04
- **C.18 - Value (incl. sponsor support):** $24984637.50
- **C.18.a - Value (excl. sponsor support):** $24984637.50
- **C.19 - Percentage of Net Assets:** 1.1900%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **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
- **C.10 - Ratings:** Fitch: A-2; Standard and Poor's: BBB+; Moody's: A3
- **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 48: BANK OF AMERICA CORP

- **C.1 - Title:** BANK OF AMERICA
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 06053RBH5, C.4 - ISIN: US06053RBH57, C.3 - LEI: B4TYDEB6GKMZO031MB27
- **C.18 - Value (incl. sponsor support):** $19997380.00
- **C.18.a - Value (excl. sponsor support):** $19997380.00
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 4.6500%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2025-11-03
- **C.10 - Ratings:** Moody's: NR; Fitch: AA+; Standard and Poor's: NR
- **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 49: OLD LINE FUNDING LLC

- **C.1 - Title:** OLD LINE FUNDING LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 67983TW85, C.4 - ISIN: US67983TW852, C.3 - LEI: 5493004QSN8OZAIU2J90
- **C.18 - Value (incl. sponsor support):** $19753008.00
- **C.18.a - Value (excl. sponsor support):** $19753008.00
- **C.19 - Percentage of Net Assets:** 0.9400%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **C.11 - Maturity Date (WAM):** 2025-09-08
- **C.12 - Maturity Date (WAL):** 2025-09-08
- **C.13 - Final Legal Maturity Date:** 2025-09-08
- **C.10 - Ratings:** Moody's: NR; Fitch: NR; Standard and Poor's: NR
- **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 50: EVERGY METRO INC

- **C.1 - Title:** EVERGY METRO INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 30036MT55, C.4 - ISIN: US30036MT557, C.3 - LEI: 1128SIJQ26096WL7IO82
- **C.18 - Value (incl. sponsor support):** $24980927.50
- **C.18.a - Value (excl. sponsor support):** $24980927.50
- **C.19 - Percentage of Net Assets:** 1.1900%
- **C.17 - Yield as of Reporting Date:** 4.5600%
- **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
- **C.10 - Ratings:** Moody's: A2; Standard and Poor's: A-; Fitch: A-2
- **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 51: HANNOVER FUNDING CO LLC

- **C.1 - Title:** HANNOVER FUNDING CO LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 41068KU22, C.4 - ISIN: US41068KU229, C.3 - LEI: 549300Q4LWLYRV25UY62
- **C.18 - Value (incl. sponsor support):** $19916546.00
- **C.18.a - Value (excl. sponsor support):** $19916546.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.5800%
- **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: NR; Moody's: NR; Standard and Poor's: NR
- **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 52: AMERICAN HONDA FINANCE

- **C.1 - Title:** AMERICAN HONDA FINANCE
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 02665JU99, C.4 - ISIN: US02665JU999, C.3 - LEI: B6Q2VFHD1797Q7NZ3E43
- **C.18 - Value (incl. sponsor support):** $19897186.00
- **C.18.a - Value (excl. sponsor support):** $19897186.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.7000%
- **C.11 - Maturity Date (WAM):** 2025-07-09
- **C.12 - Maturity Date (WAL):** 2025-07-09
- **C.13 - Final Legal Maturity Date:** 2025-07-09
- **C.10 - Ratings:** Standard and Poor's: A-; Moody's: A3; Fitch: A-2
- **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 53: CENTERPOINT ENERGY RESOURCES CORP.

- **C.1 - Title:** CENTERPOINT ENERGY RESOU
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 15200KT27, C.4 - ISIN: US15200KT271, C.3 - LEI: 2JADVB0458J06WCD4N56
- **C.18 - Value (incl. sponsor support):** $49981130.00
- **C.18.a - Value (excl. sponsor support):** $49981130.00
- **C.19 - Percentage of Net Assets:** 2.3900%
- **C.17 - Yield as of Reporting Date:** 4.4700%
- **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
- **C.10 - Ratings:** Standard and Poor's: BBB+; Fitch: A-2; Moody's: A3
- **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 54: LMA AMERICAS LLC

- **C.1 - Title:** LMA AMERICAS LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 53944QUF5, C.4 - ISIN: US53944QUF52, C.3 - LEI: 969500DWS97CYSHCPT49
- **C.18 - Value (incl. sponsor support):** $19887334.00
- **C.18.a - Value (excl. sponsor support):** $19887334.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **C.11 - Maturity Date (WAM):** 2025-07-15
- **C.12 - Maturity Date (WAL):** 2025-07-15
- **C.13 - Final Legal Maturity Date:** 2025-07-15
- **C.10 - Ratings:** Moody's: NR; Standard and Poor's: NR; Fitch: NR
- **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 55: SHEFFIELD RECEIVABLES

- **C.1 - Title:** SHEFFIELD RECEIVABLES
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 82124LV41, C.4 - ISIN: US82124LV416, C.3 - LEI: 549300MYF6MOTU9T3G29
- **C.18 - Value (incl. sponsor support):** $19838996.00
- **C.18.a - Value (excl. sponsor support):** $19838996.00
- **C.19 - Percentage of Net Assets:** 0.9500%
- **C.17 - Yield as of Reporting Date:** 4.4500%
- **C.11 - Maturity Date (WAM):** 2025-08-04
- **C.12 - Maturity Date (WAL):** 2025-08-04
- **C.13 - Final Legal Maturity Date:** 2025-08-04
- **C.10 - Ratings:** Fitch: NR; Standard and Poor's: NR; Moody's: NR
- **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 56: OVINTIV INC

- **C.1 - Title:** OVINTIV INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 69047JTL2, C.4 - ISIN: US069047JTL2, C.3 - LEI: 2549003MEX7YMKLGI239
- **C.18 - Value (incl. sponsor support):** $29913162.00
- **C.18.a - Value (excl. sponsor support):** $29913162.00
- **C.19 - Percentage of Net Assets:** 1.4300%
- **C.17 - Yield as of Reporting Date:** 4.9100%
- **C.11 - Maturity Date (WAM):** 2025-06-20
- **C.12 - Maturity Date (WAL):** 2025-06-20
- **C.13 - Final Legal Maturity Date:** 2025-06-20
- **C.10 - Ratings:** Standard and Poor's: BBB-; Moody's: Baa3; Fitch: A-3
- **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

## N-MFP: Signatures

**Registrant:** Victory Portfolios III

**Date:** 2025-06-05

**By:** Carol Trevino

**Name of Signing Officer:** Carol Trevino

**Title of Signing Officer:** Treasurer