# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-25-131897
**Filing Date:** 2025-6
**Character Count:** 101100
**Document Hash:** 51824b9a2f439283cfdf55b133a4d4e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-131897.hdr.sgml**: 20250605

**ACCESSION NUMBER**: 0001752724-25-131897

**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:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251025847

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### Government Money Market Fund (Series ID: S000060089)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000196721 | Institutional | PGVXX           |
| C000239771 | Class R-6     | PGWXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000898745

### General Information

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

**Registrant Full Name:** Principal Funds, Inc

**CIK Number of Registrant:** 0000898745

**LEI of Registrant:** 549300HZGBXSW6DSXF23

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

**LEI of Series:** 549300WWK3YB7DNN4U34

**EDGAR Series Identifier:** S000060089

**Total number of share classes in the series:** 2

**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            | Principal Global Investors, LLC                       | 801-55959         |
| Independent Public Accountant | Ernst & Young LLP<br>City: Minneapolis<br>State: MN   |  |
| Administrator                 | Principal Global Investors, LLC                       |  |
| Transfer Agent                | Principal Shareholder Services Inc<br>CIK: 0001020337 | 084-05657         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-59474

- **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:** 25 days

- **WAL:** 37 days

- **Total Value of Portfolio Securities:** $5088992037.91

- **Amortized Cost of Portfolio Securities:** $5088992037.91

- **Cash:** $46628.97

- **Total Other Assets:** $1648818.72

- **Total Liabilities:** $15690284.58

- **Net Assets of Series:** $5074997201.02

- **Number of Shares Outstanding (Series):** 5073833875.4400

- **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 | $2916040326.76            | $4244974490.94             | 61.4100%                  | 89.4000%                   |
| 2025-05-02 | $2739056784.91            | $4094119633.03             | 58.9700%                  | 88.1400%                   |
| 2025-05-05 | $2888450472.19            | $4383132643.75             | 59.7400%                  | 90.6600%                   |
| 2025-05-06 | $2865788237.48            | $4309325565.09             | 60.1900%                  | 90.5100%                   |
| 2025-05-07 | $2638150141.00            | $4081847464.83             | 57.3900%                  | 88.7900%                   |
| 2025-05-08 | $2724845358.04            | $4127537674.80             | 58.9900%                  | 89.3600%                   |
| 2025-05-09 | $2649959118.60            | $4030556619.24             | 57.8400%                  | 87.9800%                   |
| 2025-05-12 | $2689718166.18            | $4157668304.58             | 57.8800%                  | 89.4700%                   |
| 2025-05-13 | $2599248339.09            | $4013285905.46             | 57.7300%                  | 89.1300%                   |
| 2025-05-14 | $2569961749.92            | $3967455959.07             | 57.1600%                  | 88.2400%                   |
| 2025-05-15 | $2680016258.70            | $4031267110.59             | 57.2300%                  | 86.0900%                   |
| 2025-05-16 | $2750132013.14            | $3999751263.33             | 57.6500%                  | 83.8500%                   |
| 2025-05-19 | $2625257158.90            | $3975294053.10             | 56.5100%                  | 85.5600%                   |
| 2025-05-20 | $2518611708.51            | $3826301978.57             | 56.0100%                  | 85.0800%                   |
| 2025-05-21 | $2433623554.62            | $3741457335.80             | 54.8500%                  | 84.3300%                   |
| 2025-05-22 | $2463813518.05            | $3769574860.39             | 55.9300%                  | 85.5600%                   |
| 2025-05-23 | $2345110126.18            | $3680808696.38             | 53.4700%                  | 83.9200%                   |
| 2025-05-27 | $2598593739.21            | $4014142162.07             | 55.8500%                  | 86.2700%                   |
| 2025-05-28 | $2484706303.61            | $3837412249.91             | 53.4600%                  | 84.6100%                   |
| 2025-05-29 | $2877063530.52            | $4212027000.19             | 58.3900%                  | 85.4800%                   |
| 2025-05-30 | $3014994527.83            | $4374722566.44             | 59.2300%                  | 85.9500%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-05-01 | 4.3200%             |
| 2025-05-02 | 4.3200%             |
| 2025-05-05 | 4.3200%             |
| 2025-05-06 | 4.3200%             |
| 2025-05-07 | 4.3200%             |
| 2025-05-08 | 4.3100%             |
| 2025-05-09 | 4.3100%             |
| 2025-05-12 | 4.3100%             |
| 2025-05-13 | 4.3100%             |
| 2025-05-14 | 4.3100%             |
| 2025-05-15 | 4.3100%             |
| 2025-05-16 | 4.3100%             |
| 2025-05-19 | 4.3100%             |
| 2025-05-20 | 4.3100%             |
| 2025-05-21 | 4.3100%             |
| 2025-05-22 | 4.3100%             |
| 2025-05-23 | 4.3100%             |
| 2025-05-27 | 4.3100%             |
| 2025-05-28 | 4.3100%             |
| 2025-05-29 | 4.3200%             |
| 2025-05-30 | 4.3200%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-05-01 | 1.0001                      |
|  |  |
| 2025-05-02 | 1.0001                      |
|  |  |
| 2025-05-05 | 1.0001                      |
|  |  |
| 2025-05-06 | 1.0001                      |
|  |  |
| 2025-05-07 | 1.0001                      |
|  |  |
| 2025-05-08 | 1.0001                      |
|  |  |
| 2025-05-09 | 1.0001                      |
|  |  |
| 2025-05-12 | 1.0001                      |
|  |  |
| 2025-05-13 | 1.0001                      |
|  |  |
| 2025-05-14 | 1.0001                      |
|  |  |
| 2025-05-15 | 1.0001                      |
|  |  |
| 2025-05-16 | 1.0001                      |
|  |  |
| 2025-05-19 | 1.0001                      |
|  |  |
| 2025-05-20 | 1.0001                      |
|  |  |
| 2025-05-21 | 1.0001                      |
|  |  |
| 2025-05-22 | 1.0001                      |
|  |  |
| 2025-05-23 | 1.0001                      |
|  |  |
| 2025-05-27 | 1.0001                      |
|  |  |
| 2025-05-28 | 1.0001                      |
|  |  |
| 2025-05-29 | 1.0001                      |
|  |  |
| 2025-05-30 | 1.0001                      |
|  |  |

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

### Class: R-6 shares

- **Minimum Initial Investment:** $0.01

- **Net Assets of Class:** $4634439392.66

- **Number of Shares Outstanding:** 4633375854.9500

- **Expense Reimbursement/Waiver:** 43307.82

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 1.0001          |
|  |  |
| 2025-05-02 | 1.0001          |
|  |  |
| 2025-05-05 | 1.0001          |
|  |  |
| 2025-05-06 | 1.0001          |
|  |  |
| 2025-05-07 | 1.0001          |
|  |  |
| 2025-05-08 | 1.0001          |
|  |  |
| 2025-05-09 | 1.0001          |
|  |  |
| 2025-05-12 | 1.0001          |
|  |  |
| 2025-05-13 | 1.0001          |
|  |  |
| 2025-05-14 | 1.0001          |
|  |  |
| 2025-05-15 | 1.0001          |
|  |  |
| 2025-05-16 | 1.0001          |
|  |  |
| 2025-05-19 | 1.0001          |
|  |  |
| 2025-05-20 | 1.0001          |
|  |  |
| 2025-05-21 | 1.0001          |
|  |  |
| 2025-05-22 | 1.0001          |
|  |  |
| 2025-05-23 | 1.0001          |
|  |  |
| 2025-05-27 | 1.0001          |
|  |  |
| 2025-05-28 | 1.0001          |
|  |  |
| 2025-05-29 | 1.0001          |
|  |  |
| 2025-05-30 | 1.0001          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $135893144.73             | $237613687.05           |
| 2025-05-02 | $62161287.50              | $170239988.93           |
| 2025-05-05 | $253215788.67             | $135033415.83           |
| 2025-05-06 | $107113736.28             | $84328274.34            |
| 2025-05-07 | $32168466.82              | $210310182.33           |
| 2025-05-08 | $138700566.05             | $116901075.51           |
| 2025-05-09 | $83703517.56              | $128897113.78           |
| 2025-05-12 | $140211916.65             | $102387049.19           |
| 2025-05-13 | $116650280.84             | $261474986.25           |
| 2025-05-14 | $88033165.95              | $73262059.21            |
| 2025-05-15 | $221195259.54             | $102398318.39           |
| 2025-05-16 | $186264518.88             | $160507729.69           |
| 2025-05-19 | $94188077.05              | $163179611.06           |
| 2025-05-20 | $86719349.93              | $229137405.88           |
| 2025-05-21 | $132747989.36             | $129645623.74           |
| 2025-05-22 | $165935151.40             | $201470469.18           |
| 2025-05-23 | $66946680.69              | $73358337.52            |
| 2025-05-27 | $359472136.98             | $77831873.77            |
| 2025-05-28 | $103256980.49             | $177928124.36           |
| 2025-05-29 | $549113728.32             | $103896952.52           |
| 2025-05-30 | $200886778.84             | $67698864.99            |

**Total Gross Subscriptions (Month):** $3324578522.53

**Total Gross Redemptions (Month):** $3007501143.52

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.1800%           |
| 2025-05-02 | 4.1800%           |
| 2025-05-05 | 4.1800%           |
| 2025-05-06 | 4.1700%           |
| 2025-05-07 | 4.1700%           |
| 2025-05-08 | 4.1700%           |
| 2025-05-09 | 4.1700%           |
| 2025-05-12 | 4.1600%           |
| 2025-05-13 | 4.1600%           |
| 2025-05-14 | 4.1600%           |
| 2025-05-15 | 4.1600%           |
| 2025-05-16 | 4.1600%           |
| 2025-05-19 | 4.1700%           |
| 2025-05-20 | 4.1700%           |
| 2025-05-21 | 4.1700%           |
| 2025-05-22 | 4.1700%           |
| 2025-05-23 | 4.1700%           |
| 2025-05-27 | 4.1700%           |
| 2025-05-28 | 4.1700%           |
| 2025-05-29 | 4.1700%           |
| 2025-05-30 | 4.1800%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Registered investment company                       |  | 5.7600%          | 0.0000%              |
| Registered investment company                       |  | 6.6600%          | 0.0000%              |
| Registered investment company                       |  | 6.0900%          | 0.0000%              |
| Depository institution or other banking institution |  | 22.6700%         | 0.0000%              |
| Depository institution or other banking institution |  | 6.7700%          | 0.0000%              |
| Pension plan                                        |  | 5.8300%          | 0.0000%              |

### Class: Institutional shares

- **Minimum Initial Investment:** $0.01

- **Net Assets of Class:** $440557808.36

- **Number of Shares Outstanding:** 440458020.4900

- **Expense Reimbursement/Waiver:** 2755.24

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 1.0001          |
|  |  |
| 2025-05-02 | 1.0001          |
|  |  |
| 2025-05-05 | 1.0001          |
|  |  |
| 2025-05-06 | 1.0001          |
|  |  |
| 2025-05-07 | 1.0001          |
|  |  |
| 2025-05-08 | 1.0001          |
|  |  |
| 2025-05-09 | 1.0001          |
|  |  |
| 2025-05-12 | 1.0001          |
|  |  |
| 2025-05-13 | 1.0001          |
|  |  |
| 2025-05-14 | 1.0001          |
|  |  |
| 2025-05-15 | 1.0001          |
|  |  |
| 2025-05-16 | 1.0001          |
|  |  |
| 2025-05-19 | 1.0001          |
|  |  |
| 2025-05-20 | 1.0001          |
|  |  |
| 2025-05-21 | 1.0001          |
|  |  |
| 2025-05-22 | 1.0001          |
|  |  |
| 2025-05-23 | 1.0001          |
|  |  |
| 2025-05-27 | 1.0001          |
|  |  |
| 2025-05-28 | 1.0001          |
|  |  |
| 2025-05-29 | 1.0001          |
|  |  |
| 2025-05-30 | 1.0001          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $13147405.77              | $0.00                   |
| 2025-05-02 | $7859859.81               | $0.00                   |
| 2025-05-05 | $0.00                     | $1372464.81             |
| 2025-05-06 | $0.00                     | $28687583.83            |
| 2025-05-07 | $0.00                     | $6327780.21             |
| 2025-05-08 | $276667.85                | $0.00                   |
| 2025-05-09 | $8098172.79               | $0.00                   |
| 2025-05-12 | $43736419.17              | $0.00                   |
| 2025-05-13 | $1071985.34               | $0.00                   |
| 2025-05-14 | $0.00                     | $21567374.08            |
| 2025-05-15 | $6998545.80               | $0.00                   |
| 2025-05-16 | $1922439.73               | $0.00                   |
| 2025-05-19 | $636670.49                | $0.00                   |
| 2025-05-20 | $0.00                     | $6010644.36             |
| 2025-05-21 | $0.00                     | $3034862.18             |
| 2025-05-22 | $2770695.38               | $0.00                   |
| 2025-05-23 | $0.00                     | $12825880.72            |
| 2025-05-27 | $0.00                     | $6264029.69             |
| 2025-05-28 | $0.00                     | $53691076.10            |
| 2025-05-29 | $0.00                     | $12853193.67            |
| 2025-05-30 | $0.00                     | $1297544.95             |

**Total Gross Subscriptions (Month):** $86518862.13

**Total Gross Redemptions (Month):** $153932434.60

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.1300%           |
| 2025-05-02 | 4.1300%           |
| 2025-05-05 | 4.1300%           |
| 2025-05-06 | 4.1300%           |
| 2025-05-07 | 4.1200%           |
| 2025-05-08 | 4.1200%           |
| 2025-05-09 | 4.1200%           |
| 2025-05-12 | 4.1100%           |
| 2025-05-13 | 4.1100%           |
| 2025-05-14 | 4.1100%           |
| 2025-05-15 | 4.1200%           |
| 2025-05-16 | 4.1200%           |
| 2025-05-19 | 4.1200%           |
| 2025-05-20 | 4.1200%           |
| 2025-05-21 | 4.1200%           |
| 2025-05-22 | 4.1200%           |
| 2025-05-23 | 4.1200%           |
| 2025-05-27 | 4.1200%           |
| 2025-05-28 | 4.1200%           |
| 2025-05-29 | 4.1200%           |
| 2025-05-30 | 4.1200%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 100.0000%        | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: Freddie Mac Discount Notes

- **C.1 - Title:** Freddie Mac Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397HN4, C.4 - ISIN: US313397HN46, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $21201594.53
- **C.18.a - Value (excl. sponsor support):** $21201594.53
- **C.19 - Percentage of Net Assets:** 0.4200%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-06-30
- **C.12 - Maturity Date (WAL):** 2025-06-30
- **C.13 - Final Legal Maturity Date:** 2025-06-30
- **C.10 - Ratings:** Standard & Poor's: A-1+; Moody's: P-1; Fitch: F1+
- **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: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385JT4, C.4 - ISIN: US313385JT42, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $56611545.00
- **C.18.a - Value (excl. sponsor support):** $56611545.00
- **C.19 - Percentage of Net Assets:** 1.1200%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-07-29
- **C.12 - Maturity Date (WAL):** 2025-07-29
- **C.13 - Final Legal Maturity Date:** 2025-07-29
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **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: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385JU1, C.4 - ISIN: US313385JU15, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59587098.34
- **C.18.a - Value (excl. sponsor support):** $59587098.34
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-07-30
- **C.12 - Maturity Date (WAL):** 2025-07-30
- **C.13 - Final Legal Maturity Date:** 2025-07-30
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: Freddie Mac Discount Notes

- **C.1 - Title:** Freddie Mac Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397JN2, C.4 - ISIN: US313397JN28, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $9324705.50
- **C.18.a - Value (excl. sponsor support):** $9324705.50
- **C.19 - Percentage of Net Assets:** 0.1800%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **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: P-1; Standard & Poor's: A-1+; Fitch: F1+
- **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: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385GL4, C.4 - ISIN: US313385GL43, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $84970095.00
- **C.18.a - Value (excl. sponsor support):** $84970095.00
- **C.19 - Percentage of Net Assets:** 1.6700%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **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 & Poor's: A-1+; Fitch: NR; Moody's: P-1
- **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 6: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385PD2, C.4 - ISIN: US313385PD26, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $39247968.89
- **C.18.a - Value (excl. sponsor support):** $39247968.89
- **C.19 - Percentage of Net Assets:** 0.7700%
- **C.17 - Yield as of Reporting Date:** 4.1300%
- **C.11 - Maturity Date (WAM):** 2025-11-12
- **C.12 - Maturity Date (WAL):** 2025-11-12
- **C.13 - Final Legal Maturity Date:** 2025-11-12
- **C.10 - Ratings:** Fitch: NR; Moody's: P-1; Standard & Poor's: A-1+
- **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: Goldman Sachs Financial Square Government Fund - Institutional Class

- **C.1 - Title:** Goldman Sachs Financial Square Government Fund - Institutional Class
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 38141W273, C.4 - ISIN: US38141W2733, C.3 - LEI: 549300BRJMXN4GUWZ402
- **C.18 - Value (incl. sponsor support):** $18000000.00
- **C.18.a - Value (excl. sponsor support):** $18000000.00
- **C.19 - Percentage of Net Assets:** 0.3500%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Moody's: AAAm; Fitch: NR; Standard & Poor's: AAAm
- **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 8: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QB6, C.4 - ISIN: US912797QB69, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $59643850.00
- **C.18.a - Value (excl. sponsor support):** $59643850.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.1900%
- **C.11 - Maturity Date (WAM):** 2025-07-22
- **C.12 - Maturity Date (WAL):** 2025-07-22
- **C.13 - Final Legal Maturity Date:** 2025-07-22
- **C.10 - Ratings:** Standard & Poor's: A-1+; Fitch: NR; Moody's: P-1
- **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 9: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385GT7, C.4 - ISIN: US313385GT78, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59929416.67
- **C.18.a - Value (excl. sponsor support):** $59929416.67
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **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:** Moody's: P-1; Fitch: NR; Standard & Poor's: A-1+
- **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: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385KR6, C.4 - ISIN: US313385KR66, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $66753562.20
- **C.18.a - Value (excl. sponsor support):** $66753562.20
- **C.19 - Percentage of Net Assets:** 1.3200%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-08-20
- **C.12 - Maturity Date (WAL):** 2025-08-20
- **C.13 - Final Legal Maturity Date:** 2025-08-20
- **C.10 - Ratings:** Moody's: P-1; Fitch: NR; Standard & Poor's: A-1+
- **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: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HV1, C.4 - ISIN: US313385HV16, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $23899320.00
- **C.18.a - Value (excl. sponsor support):** $23899320.00
- **C.19 - Percentage of Net Assets:** 0.4700%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-07-07
- **C.12 - Maturity Date (WAL):** 2025-07-07
- **C.13 - Final Legal Maturity Date:** 2025-07-07
- **C.10 - Ratings:** Standard & Poor's: A-1+; Fitch: NR; Moody's: P-1
- **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 12: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QM2, C.4 - ISIN: US912797QM25, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $69237787.50
- **C.18.a - Value (excl. sponsor support):** $69237787.50
- **C.19 - Percentage of Net Assets:** 1.3600%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-09-02
- **C.12 - Maturity Date (WAL):** 2025-09-02
- **C.13 - Final Legal Maturity Date:** 2025-09-02
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: BNP Paribas Securities Corp Repurchase Agreement

- **C.1 - Title:** BNP Paribas Securities Corp Repurchase Agreement
- **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: RP053025P
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **C.19 - Percentage of Net Assets:** 2.9600%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **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 & 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2026-04-15      | 0.1250%  |  | $7405800.00        | $8930430.80        | U.S. Treasuries (including strips) |
| US Treasury   | 2027-01-15      | 0.3750%  |  | $929400.00         | $1214101.49        | U.S. Treasuries (including strips) |
| US Treasury   | 2034-05-15      | 0.0000%  |  | $6455091.88        | $4316907.25        | U.S. Treasuries (including strips) |
| US Treasury   | 2042-02-15      | 0.0000%  |  | $1028.85           | $437.68            | U.S. Treasuries (including strips) |
| US Treasury   | 2037-08-15      | 0.0000%  |  | $2.80              | $1.56              | U.S. Treasuries (including strips) |
| US Treasury   | 2026-07-31      | 0.6250%  |  | $100.00            | $96.26             | U.S. Treasuries (including strips) |
| US Treasury   | 2027-05-15      | 0.0000%  |  | $123.73            | $114.53            | U.S. Treasuries (including strips) |
| US Treasury   | 2037-11-15      | 0.0000%  |  | $11.37             | $6.25              | U.S. Treasuries (including strips) |
| US Treasury   | 2038-02-15      | 0.0000%  |  | $7606518.19        | $4109946.30        | U.S. Treasuries (including strips) |
| US Treasury   | 2042-05-15      | 3.2500%  |  | $660000.00         | $535990.44         | U.S. Treasuries (including strips) |
| US Treasury   | 2037-05-15      | 0.0000%  |  | $7826350.08        | $4429432.40        | U.S. Treasuries (including strips) |
| US Treasury   | 2030-08-15      | 0.0000%  |  | $10.00             | $8.07              | U.S. Treasuries (including strips) |
| US Treasury   | 2047-05-15      | 0.0000%  |  | $272500.00         | $89502.35          | U.S. Treasuries (including strips) |
| US Treasury   | 2043-02-15      | 0.0000%  |  | $58362000.00       | $24177917.55       | U.S. Treasuries (including strips) |
| US Treasury   | 2045-05-15      | 0.0000%  |  | $22419100.00       | $8188509.02        | U.S. Treasuries (including strips) |
| US Treasury   | 2054-02-15      | 2.1250%  |  | $100.00            | $94.07             | U.S. Treasuries (including strips) |
| US Treasury   | 2033-05-15      | 0.0000%  |  | $10.36             | $7.31              | U.S. Treasuries (including strips) |
| US Treasury   | 2026-01-15      | 0.6250%  |  | $8041100.00        | $10793538.65       | U.S. Treasuries (including strips) |
| US Treasury   | 2036-08-15      | 0.0000%  |  | $47689077.91       | $28216339.79       | U.S. Treasuries (including strips) |
| US Treasury   | 2030-02-15      | 1.5000%  |  | $12200.00          | $10972.83          | U.S. Treasuries (including strips) |
| US Treasury   | 2036-02-15      | 0.0000%  |  | $297.11            | $180.77            | U.S. Treasuries (including strips) |
| US Treasury   | 2031-05-15      | 0.0000%  |  | $6392007.16        | $4975110.11        | U.S. Treasuries (including strips) |
| US Treasury   | 2037-02-15      | 0.0000%  |  | $105.21            | $60.49             | U.S. Treasuries (including strips) |
| US Treasury   | 2038-08-15      | 0.0000%  |  | $5352065.55        | $2819965.87        | U.S. Treasuries (including strips) |
| US Treasury   | 2039-02-15      | 0.0000%  |  | $127.07            | $64.73             | U.S. Treasuries (including strips) |
| US Treasury   | 2044-08-15      | 0.0000%  |  | $0.01              | $0.00              | U.S. Treasuries (including strips) |
| US Treasury   | 2041-08-15      | 0.0000%  |  | $100.00            | $45.34             | U.S. Treasuries (including strips) |
| US Treasury   | 2038-05-15      | 4.5000%  |  | $5592200.00        | $5570531.56        | U.S. Treasuries (including strips) |
| US Treasury   | 2034-08-15      | 3.8750%  |  | $100.00            | $97.39             | U.S. Treasuries (including strips) |
| US Treasury   | 2028-04-15      | 3.6250%  |  | $310800.00         | $655337.49         | U.S. Treasuries (including strips) |
| US Treasury   | 2028-04-30      | 1.2500%  |  | $1127900.00        | $1047730.02        | U.S. Treasuries (including strips) |
| US Treasury   | 2043-02-15      | 0.0000%  |  | $3159841.51        | $1268433.06        | U.S. Treasuries (including strips) |
| US Treasury   | 2027-08-15      | 2.2500%  |  | $754500.00         | $733101.69         | U.S. Treasuries (including strips) |
| US Treasury   | 2029-02-15      | 0.0000%  |  | $2621350.92        | $2261499.73        | U.S. Treasuries (including strips) |
| US Treasury   | 2031-01-15      | 0.1250%  |  | $25307800.00       | $28559161.86       | U.S. Treasuries (including strips) |
| US Treasury   | 2040-02-15      | 0.0000%  |  | $9250300.00        | $4584457.93        | U.S. Treasuries (including strips) |
| US Treasury   | 2030-06-30      | 3.7500%  |  | $407000.00         | $408630.31         | U.S. Treasuries (including strips) |
| US Treasury   | 2025-10-23      | 0.0000%  |  | $201700.00         | $198358.03         | U.S. Treasuries (including strips) |
| US Treasury   | 2045-08-15      | 0.0000%  |  | $10174200.00       | $3664767.19        | U.S. Treasuries (including strips) |
| US Treasury   | 2033-07-15      | 1.3750%  |  | $1036000.00        | $1052888.29        | U.S. Treasuries (including strips) |
| US Treasury   | 2030-11-15      | 0.0000%  |  | $23813.39          | $18992.89          | U.S. Treasuries (including strips) |
| US Treasury   | 2029-10-31      | 4.1250%  |  | $62500.00          | $63135.11          | U.S. Treasuries (including strips) |
| US Treasury   | 2040-08-15      | 0.0000%  |  | $152800.00         | $73077.52          | U.S. Treasuries (including strips) |
| US Treasury   | 2036-11-15      | 0.0000%  |  | $28.96             | $16.90             | U.S. Treasuries (including strips) |
| US Treasury   | 2033-08-15      | 0.0000%  |  | $43130.72          | $30036.10          | U.S. Treasuries (including strips) |
| US Treasury   | 2044-05-15      | 0.0000%  |  | $0.80              | $0.30              | U.S. Treasuries (including strips) |

### Security 14: Federal Farm Credit Banks Funding Corp

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ETHF7, C.4 - ISIN: US3133ETHF76, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $60000000.00
- **C.18.a - Value (excl. sponsor support):** $60000000.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.3900%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2026-07-21
- **C.13 - Final Legal Maturity Date:** 2026-07-21
- **C.10 - Ratings:** Moody's: P-1; Standard & Poor's: A-1+; Fitch: F1+
- **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 15: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797MG9, C.4 - ISIN: US912797MG92, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $59524579.17
- **C.18.a - Value (excl. sponsor support):** $59524579.17
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **C.11 - Maturity Date (WAM):** 2025-08-07
- **C.12 - Maturity Date (WAL):** 2025-08-07
- **C.13 - Final Legal Maturity Date:** 2025-08-07
- **C.10 - Ratings:** Fitch: NR; Moody's: P-1; Standard & Poor's: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 16: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385LA2, C.4 - ISIN: US313385LA23, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $41620157.55
- **C.18.a - Value (excl. sponsor support):** $41620157.55
- **C.19 - Percentage of Net Assets:** 0.8200%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-08-29
- **C.12 - Maturity Date (WAL):** 2025-08-29
- **C.13 - Final Legal Maturity Date:** 2025-08-29
- **C.10 - Ratings:** Fitch: NR; Moody's: P-1; Standard & Poor's: A-1+
- **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: DWS Government Money Market Series - Institutional Class

- **C.1 - Title:** DWS Government Money Market Series - Institutional Class
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 25160K207, C.4 - ISIN: US25160K2078, C.3 - LEI: 549300CN99USSS74NL68
- **C.18 - Value (incl. sponsor support):** $93300000.00
- **C.18.a - Value (excl. sponsor support):** $93300000.00
- **C.19 - Percentage of Net Assets:** 1.8400%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **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: Aaa; Fitch: NR; Standard & Poor's: AAAm
- **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: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385JW7, C.4 - ISIN: US313385JW70, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $49644759.72
- **C.18.a - Value (excl. sponsor support):** $49644759.72
- **C.19 - Percentage of Net Assets:** 0.9800%
- **C.17 - Yield as of Reporting Date:** 4.1900%
- **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
- **C.10 - Ratings:** Moody's: P-1; Fitch: NR; Standard & Poor's: A-1+
- **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: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **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):** $43660393.33
- **C.18.a - Value (excl. sponsor support):** $43660393.33
- **C.19 - Percentage of Net Assets:** 0.8600%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **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
- **C.10 - Ratings:** Standard & Poor's: A-1+; Fitch: NR; Moody's: P-1
- **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 20: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385GN0, C.4 - ISIN: US313385GN09, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $66960625.00
- **C.18.a - Value (excl. sponsor support):** $66960625.00
- **C.19 - Percentage of Net Assets:** 1.3200%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **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:** Fitch: NR; Moody's: P-1; Standard & Poor's: A-1+
- **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 21: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385JG2, C.4 - ISIN: US313385JG21, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $57992955.42
- **C.18.a - Value (excl. sponsor support):** $57992955.42
- **C.19 - Percentage of Net Assets:** 1.1400%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-07-18
- **C.12 - Maturity Date (WAL):** 2025-07-18
- **C.13 - Final Legal Maturity Date:** 2025-07-18
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **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 22: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HR0, C.4 - ISIN: US313385HR04, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $49812666.67
- **C.18.a - Value (excl. sponsor support):** $49812666.67
- **C.19 - Percentage of Net Assets:** 0.9800%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-07-03
- **C.12 - Maturity Date (WAL):** 2025-07-03
- **C.13 - Final Legal Maturity Date:** 2025-07-03
- **C.10 - Ratings:** Standard & Poor's: A-1+; Moody's: P-1; 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? Yes, C.23 Categorized at Level 3? No

### Security 23: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HK5, C.4 - ISIN: US313385HK50, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $44863175.00
- **C.18.a - Value (excl. sponsor support):** $44863175.00
- **C.19 - Percentage of Net Assets:** 0.8800%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-06-27
- **C.12 - Maturity Date (WAL):** 2025-06-27
- **C.13 - Final Legal Maturity Date:** 2025-06-27
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **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 24: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HX7, C.4 - ISIN: US313385HX71, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $61874724.05
- **C.18.a - Value (excl. sponsor support):** $61874724.05
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **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:** Moody's: P-1; Standard & Poor's: A-1+; 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? Yes, C.23 Categorized at Level 3? No

### Security 25: Federal Farm Credit Banks Funding Corp

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ETGD3, C.4 - ISIN: US3133ETGD38, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $20000000.00
- **C.18.a - Value (excl. sponsor support):** $20000000.00
- **C.19 - Percentage of Net Assets:** 0.3900%
- **C.17 - Yield as of Reporting Date:** 4.4100%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2026-08-12
- **C.13 - Final Legal Maturity Date:** 2026-08-12
- **C.10 - Ratings:** Standard & Poor's: A-1+; Moody's: P-1; Fitch: F1+
- **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 26: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HA7, C.4 - ISIN: US313385HA78, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $64578270.55
- **C.18.a - Value (excl. sponsor support):** $64578270.55
- **C.19 - Percentage of Net Assets:** 1.2700%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-06-18
- **C.12 - Maturity Date (WAL):** 2025-06-18
- **C.13 - Final Legal Maturity Date:** 2025-06-18
- **C.10 - Ratings:** Fitch: NR; Moody's: P-1; Standard & Poor's: A-1+
- **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 27: Royal Bank of Canada Repurchase Agreement

- **C.1 - Title:** Royal Bank of Canada Repurchase Agreement
- **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: RP053025C
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **C.19 - Percentage of Net Assets:** 2.9600%
- **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:** Standard & 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2029-08-31      | 3.1250%  |  | $58805800.00       | $57375735.97       | U.S. Treasuries (including strips) |
| US Treasury   | 2028-05-31      | 3.6250%  |  | $447600.00         | $452341.61         | U.S. Treasuries (including strips) |
| US Treasury   | 2028-06-30      | 1.2500%  |  | $102429400.00      | $95171924.45       | U.S. Treasuries (including strips) |

### Security 28: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385JP2, C.4 - ISIN: US313385JP20, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $71548087.50
- **C.18.a - Value (excl. sponsor support):** $71548087.50
- **C.19 - Percentage of Net Assets:** 1.4100%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-07-25
- **C.12 - Maturity Date (WAL):** 2025-07-25
- **C.13 - Final Legal Maturity Date:** 2025-07-25
- **C.10 - Ratings:** Moody's: P-1; Fitch: NR; Standard & Poor's: A-1+
- **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 29: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HC3, C.4 - ISIN: US313385HC35, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59867316.67
- **C.18.a - Value (excl. sponsor support):** $59867316.67
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.1900%
- **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:** Moody's: P-1; Standard & Poor's: A-1+; 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? Yes, C.23 Categorized at Level 3? No

### Security 30: HSBC Bank USA Repurchase Agreement

- **C.1 - Title:** HSBC Bank USA Repurchase Agreement
- **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: RP053025H
- **C.18 - Value (incl. sponsor support):** $160000000.00
- **C.18.a - Value (excl. sponsor support):** $160000000.00
- **C.19 - Percentage of Net Assets:** 3.1500%
- **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:** Standard & 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2047-05-15      | 0.0000%  |  | $52571000.00       | $16873924.15       | U.S. Treasuries (including strips) |
| US Treasury   | 2047-08-15      | 0.0000%  |  | $34113249.28       | $10799811.25       | U.S. Treasuries (including strips) |
| US Treasury   | 2041-05-15      | 0.0000%  |  | $18168448.00       | $8091518.17        | U.S. Treasuries (including strips) |
| US Treasury   | 2054-08-15      | 0.0000%  |  | $246583600.00      | $58765803.55       | U.S. Treasuries (including strips) |
| US Treasury   | 2027-02-28      | 1.8750%  |  | $14938500.00       | $14483720.51       | U.S. Treasuries (including strips) |
| US Treasury   | 2050-02-15      | 0.0000%  |  | $5008217.17        | $1401744.90        | U.S. Treasuries (including strips) |
| US Treasury   | 2025-07-15      | 0.3750%  |  | $22966500.00       | $30981288.41       | U.S. Treasuries (including strips) |
| US Treasury   | 2038-11-15      | 0.0000%  |  | $42021027.84       | $21802190.08       | U.S. Treasuries (including strips) |

### Security 31: Freddie Mac Discount Notes

- **C.1 - Title:** Freddie Mac Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397JL6, C.4 - ISIN: US313397JL61, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $29820650.00
- **C.18.a - Value (excl. sponsor support):** $29820650.00
- **C.19 - Percentage of Net Assets:** 0.5900%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-07-22
- **C.12 - Maturity Date (WAL):** 2025-07-22
- **C.13 - Final Legal Maturity Date:** 2025-07-22
- **C.10 - Ratings:** Fitch: F1+; Moody's: P-1; Standard & Poor's: A-1+
- **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 32: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PS0, C.4 - ISIN: US912797PS04, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $49906555.56
- **C.18.a - Value (excl. sponsor support):** $49906555.56
- **C.19 - Percentage of Net Assets:** 0.9800%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-06-17
- **C.12 - Maturity Date (WAL):** 2025-06-17
- **C.13 - Final Legal Maturity Date:** 2025-06-17
- **C.10 - Ratings:** Standard & Poor's: A-1+; Moody's: P-1; 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 33: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HQ2, C.4 - ISIN: US313385HQ21, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $49818779.17
- **C.18.a - Value (excl. sponsor support):** $49818779.17
- **C.19 - Percentage of Net Assets:** 0.9800%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **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:** Moody's: P-1; Fitch: NR; Standard & Poor's: A-1+
- **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 34: Bank of Montreal Repurchase Agreement

- **C.1 - Title:** Bank of Montreal Repurchase Agreement
- **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: RP053025R
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **C.19 - Percentage of Net Assets:** 2.9600%
- **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:** Standard & 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2026-05-31      | 0.7500%  |  | $10577000.00       | $10264020.18       | U.S. Treasuries (including strips) |
| US Treasury   | 2026-04-15      | 3.7500%  |  | $300.00            | $300.16            | U.S. Treasuries (including strips) |
| US Treasury   | 2032-05-15      | 2.8750%  |  | $5457600.00        | $5035579.48        | U.S. Treasuries (including strips) |
| US Treasury   | 2026-12-31      | 1.2500%  |  | $500.00            | $481.65            | U.S. Treasuries (including strips) |
| US Treasury   | 2027-11-30      | 3.8750%  |  | $900.00            | $916.88            | U.S. Treasuries (including strips) |
| US Treasury   | 2025-09-30      | 3.0000%  |  | $400.00            | $400.20            | U.S. Treasuries (including strips) |
| US Treasury   | 2028-09-30      | 1.2500%  |  | $500.00            | $459.85            | U.S. Treasuries (including strips) |
| US Treasury   | 2035-05-15      | 4.2500%  |  | $729000.00         | $721491.55         | U.S. Treasuries (including strips) |
| US Treasury   | 2029-07-31      | 2.6250%  |  | $10031000.00       | $9613772.03        | U.S. Treasuries (including strips) |
| US Treasury   | 2027-02-28      | 1.8750%  |  | $13983800.00       | $13558084.87       | U.S. Treasuries (including strips) |
| US Treasury   | 2030-06-30      | 3.7500%  |  | $600.00            | $602.40            | U.S. Treasuries (including strips) |
| US Treasury   | 2044-08-15      | 4.1250%  |  | $392000.00         | $356812.44         | U.S. Treasuries (including strips) |
| US Treasury   | 2030-09-30      | 4.6250%  |  | $200.00            | $207.20            | U.S. Treasuries (including strips) |
| US Treasury   | 2032-02-29      | 4.1250%  |  | $36000.00          | $36282.18          | U.S. Treasuries (including strips) |
| US Treasury   | 2027-10-31      | 0.5000%  |  | $300.00            | $276.80            | U.S. Treasuries (including strips) |
| US Treasury   | 2029-04-15      | 2.1250%  |  | $13870700.00       | $14714013.80       | U.S. Treasuries (including strips) |
| US Treasury   | 2028-08-31      | 4.3750%  |  | $4363800.00        | $4473019.87        | U.S. Treasuries (including strips) |
| US Treasury   | 2030-10-31      | 4.8750%  |  | $300.00            | $313.32            | U.S. Treasuries (including strips) |
| US Treasury   | 2025-09-30      | 0.2500%  |  | $400.00            | $394.81            | U.S. Treasuries (including strips) |
| US Treasury   | 2028-06-30      | 1.2500%  |  | $21300.00          | $19790.82          | U.S. Treasuries (including strips) |
| US Treasury   | 2027-02-28      | 4.1250%  |  | $100.00            | $101.27            | U.S. Treasuries (including strips) |
| US Treasury   | 2025-11-15      | 2.2500%  |  | $18300000.00       | $18145989.40       | U.S. Treasuries (including strips) |
| US Treasury   | 2025-06-30      | 4.6250%  |  | $100.00            | $101.93            | U.S. Treasuries (including strips) |
| US Treasury   | 2027-10-31      | 4.1250%  |  | $100.00            | $100.84            | U.S. Treasuries (including strips) |
| US Treasury   | 2029-08-31      | 3.1250%  |  | $100.00            | $97.57             | U.S. Treasuries (including strips) |
| US Treasury   | 2033-08-15      | 3.8750%  |  | $11077200.00       | $10889016.06       | U.S. Treasuries (including strips) |
| US Treasury   | 2027-07-31      | 2.7500%  |  | $400.00            | $394.04            | U.S. Treasuries (including strips) |
| US Treasury   | 2027-01-31      | 4.1250%  |  | $425000.00         | $431679.34         | U.S. Treasuries (including strips) |
| US Treasury   | 2034-11-15      | 4.2500%  |  | $800.00            | $793.06            | U.S. Treasuries (including strips) |
| US Treasury   | 2025-11-30      | 2.8750%  |  | $100.00            | $100.71            | U.S. Treasuries (including strips) |
| US Treasury   | 2027-07-15      | 4.3750%  |  | $900.00            | $922.91            | U.S. Treasuries (including strips) |
| US Treasury   | 2027-04-30      | 0.5000%  |  | $100.00            | $93.77             | U.S. Treasuries (including strips) |
| US Treasury   | 2028-07-31      | 1.0000%  |  | $17476000.00       | $16040771.14       | U.S. Treasuries (including strips) |
| US Treasury   | 2031-04-30      | 4.6250%  |  | $200.00            | $206.39            | U.S. Treasuries (including strips) |
| US Treasury   | 2034-05-15      | 4.3750%  |  | $300.00            | $301.16            | U.S. Treasuries (including strips) |
| US Treasury   | 2027-04-30      | 2.7500%  |  | $100.00            | $98.05             | U.S. Treasuries (including strips) |
| US Treasury   | 2026-02-28      | 4.6250%  |  | $900.00            | $912.47            | U.S. Treasuries (including strips) |
| US Treasury   | 2030-05-31      | 3.7500%  |  | $900.00            | $906.78            | U.S. Treasuries (including strips) |
| US Treasury   | 2029-02-28      | 4.2500%  |  | $600.00            | $613.01            | U.S. Treasuries (including strips) |
| US Treasury   | 2028-05-15      | 3.7500%  |  | $15109900.00       | $15080443.75       | U.S. Treasuries (including strips) |
| US Treasury   | 2027-02-15      | 4.1250%  |  | $900.00            | $912.60            | U.S. Treasuries (including strips) |
| US Treasury   | 2030-04-30      | 3.5000%  |  | $200.00            | $196.21            | U.S. Treasuries (including strips) |
| US Treasury   | 2028-03-15      | 3.8750%  |  | $800000.00         | $806438.97         | U.S. Treasuries (including strips) |
| US Treasury   | 2030-04-30      | 3.8750%  |  | $12589500.00       | $12572113.49       | U.S. Treasuries (including strips) |
| US Treasury   | 2031-11-15      | 1.3750%  |  | $23954900.00       | $20229564.79       | U.S. Treasuries (including strips) |

### Security 35: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385JE7, C.4 - ISIN: US313385JE72, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59683950.00
- **C.18.a - Value (excl. sponsor support):** $59683950.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-07-16
- **C.12 - Maturity Date (WAL):** 2025-07-16
- **C.13 - Final Legal Maturity Date:** 2025-07-16
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **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 36: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385GK6, C.4 - ISIN: US313385GK69, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59985916.67
- **C.18.a - Value (excl. sponsor support):** $59985916.67
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **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: P-1; Standard & Poor's: A-1+; 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? Yes, C.23 Categorized at Level 3? No

### Security 37: Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class

- **C.1 - Title:** Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 61747C707, C.4 - ISIN: US61747C7074, C.3 - LEI: 549300BI6Y5SI6BYPB26
- **C.18 - Value (incl. sponsor support):** $35900000.00
- **C.18.a - Value (excl. sponsor support):** $35900000.00
- **C.19 - Percentage of Net Assets:** 0.7100%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **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: Aaa-mf; Fitch: Aaa; Standard & Poor's: AAAm
- **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: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PU5, C.4 - ISIN: US912797PU59, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $59791750.00
- **C.18.a - Value (excl. sponsor support):** $59791750.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.1700%
- **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:** Standard & Poor's: A-1+; Fitch: NR; Moody's: P-1
- **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 39: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HP4, C.4 - ISIN: US313385HP48, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $51859012.37
- **C.18.a - Value (excl. sponsor support):** $51859012.37
- **C.19 - Percentage of Net Assets:** 1.0200%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **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:** Standard & Poor's: A-1+; Moody's: P-1; 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? Yes, C.23 Categorized at Level 3? No

### Security 40: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385KD7, C.4 - ISIN: US313385KD70, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59522186.66
- **C.18.a - Value (excl. sponsor support):** $59522186.66
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-08-08
- **C.12 - Maturity Date (WAL):** 2025-08-08
- **C.13 - Final Legal Maturity Date:** 2025-08-08
- **C.10 - Ratings:** Moody's: P-1; Standard & Poor's: A-1+; 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 41: Federal Reserve Bank of New York Repurchase Agreement

- **C.1 - Title:** Federal Reserve Bank of New York Repurchase Agreement
- **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: RP053025F
- **C.18 - Value (incl. sponsor support):** $950000000.00
- **C.18.a - Value (excl. sponsor support):** $950000000.00
- **C.19 - Percentage of Net Assets:** 18.7200%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **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: NR; Standard & 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2029-08-15      | 1.6250%  |  | $468712000.00      | $429886948.30      | U.S. Treasuries (including strips) |
| US Treasury   | 2031-11-15      | 1.3750%  |  | $200266200.00      | $169121894.40      | U.S. Treasuries (including strips) |
| US Treasury   | 2029-05-15      | 2.3750%  |  | $371996500.00      | $351327656.90      | U.S. Treasuries (including strips) |

### Security 42: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385MC7, C.4 - ISIN: US313385MC79, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $14798270.83
- **C.18.a - Value (excl. sponsor support):** $14798270.83
- **C.19 - Percentage of Net Assets:** 0.2900%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-09-24
- **C.12 - Maturity Date (WAL):** 2025-09-24
- **C.13 - Final Legal Maturity Date:** 2025-09-24
- **C.10 - Ratings:** Standard & Poor's: A-1+; Fitch: NR; Moody's: P-1
- **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 43: Federal Farm Credit Banks Funding Corp

- **C.1 - Title:** Federal Farm Credit Banks Funding Corp
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as coupon-paying notes)
- **Identifiers:** C.3 - CUSIP: 3133ETFM4, C.4 - ISIN: US3133ETFM46, C.3 - LEI: 254900C5LP6DN9OP9V83
- **C.18 - Value (incl. sponsor support):** $45000000.00
- **C.18.a - Value (excl. sponsor support):** $45000000.00
- **C.19 - Percentage of Net Assets:** 0.8900%
- **C.17 - Yield as of Reporting Date:** 4.4500%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2027-02-01
- **C.13 - Final Legal Maturity Date:** 2027-02-01
- **C.10 - Ratings:** Fitch: F1+; Standard & Poor's: A-1+; Moody's: P-1
- **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 44: Goldman Sachs Repurchase Agreement

- **C.1 - Title:** Goldman Sachs Repurchase Agreement
- **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: RP053025J
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **C.19 - Percentage of Net Assets:** 2.9600%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **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: NR; Standard & 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2027-08-31      | 3.1250%  |  | $117467000.00      | $116355478.10      | U.S. Treasuries (including strips) |
| US Treasury   | 2028-07-15      | 0.7500%  |  | $29170300.00       | $36634569.55       | U.S. Treasuries (including strips) |
| US Treasury   | 2030-01-31      | 3.5000%  |  | $10100.00          | $10001.35          | U.S. Treasuries (including strips) |

### Security 45: Merrill Lynch Repurchase Agreement

- **C.1 - Title:** Merrill Lynch Repurchase Agreement
- **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: RP053025L
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **C.19 - Percentage of Net Assets:** 2.9600%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **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 & 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?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2030-11-15      | 0.8750%  |  | $96779400.00       | $81832466.03       | U.S. Treasuries (including strips) |
| US Treasury   | 2039-08-15      | 4.5000%  |  | $71993000.00       | $71167613.00       | U.S. Treasuries (including strips) |

### Security 46: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QA8, C.4 - ISIN: US912797QA86, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $59693833.33
- **C.18.a - Value (excl. sponsor support):** $59693833.33
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.1800%
- **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: P-1; Standard & Poor's: A-1+; 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 47: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385GJ9, C.4 - ISIN: US313385GJ96, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $49994097.22
- **C.18.a - Value (excl. sponsor support):** $49994097.22
- **C.19 - Percentage of Net Assets:** 0.9900%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **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: P-1; Standard & Poor's: A-1+; 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? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 48: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385GS9, C.4 - ISIN: US313385GS95, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59936325.00
- **C.18.a - Value (excl. sponsor support):** $59936325.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.2500%
- **C.11 - Maturity Date (WAM):** 2025-06-10
- **C.12 - Maturity Date (WAL):** 2025-06-10
- **C.13 - Final Legal Maturity Date:** 2025-06-10
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **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 49: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385KT2, C.4 - ISIN: US313385KT23, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $49518250.00
- **C.18.a - Value (excl. sponsor support):** $49518250.00
- **C.19 - Percentage of Net Assets:** 0.9800%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-08-22
- **C.12 - Maturity Date (WAL):** 2025-08-22
- **C.13 - Final Legal Maturity Date:** 2025-08-22
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **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: Invesco Government & Agency Portfolio - Institutional Class

- **C.1 - Title:** Invesco Government & Agency Portfolio - Institutional Class
- **C.6 - Investment Category:** Investment Company
- **Identifiers:** C.3 - CUSIP: 825252885, C.4 - ISIN: US8252527291, C.3 - LEI: 5493007T1J7WZ5QI1A47
- **C.18 - Value (incl. sponsor support):** $93500000.00
- **C.18.a - Value (excl. sponsor support):** $93500000.00
- **C.19 - Percentage of Net Assets:** 1.8400%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **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: Aaa; Standard & Poor's: AAAm; Fitch: Aaa
- **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: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385KL9, C.4 - ISIN: US313385KL96, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59472125.00
- **C.18.a - Value (excl. sponsor support):** $59472125.00
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 4.2200%
- **C.11 - Maturity Date (WAM):** 2025-08-15
- **C.12 - Maturity Date (WAL):** 2025-08-15
- **C.13 - Final Legal Maturity Date:** 2025-08-15
- **C.10 - Ratings:** Standard & Poor's: A-1+; Fitch: NR; Moody's: P-1
- **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: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QH3, C.4 - ISIN: US912797QH30, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $59545000.00
- **C.18.a - Value (excl. sponsor support):** $59545000.00
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **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
- **C.10 - Ratings:** Fitch: NR; Moody's: P-1; Standard & Poor's: A-1+
- **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 53: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797LN5, C.4 - ISIN: US912797LN52, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $59923000.00
- **C.18.a - Value (excl. sponsor support):** $59923000.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **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:** Fitch: NR; Moody's: P-1; Standard & Poor's: A-1+
- **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: Freddie Mac Discount Notes

- **C.1 - Title:** Freddie Mac Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397JK8, C.4 - ISIN: US313397JK88, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $59647500.00
- **C.18.a - Value (excl. sponsor support):** $59647500.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-07-21
- **C.12 - Maturity Date (WAL):** 2025-07-21
- **C.13 - Final Legal Maturity Date:** 2025-07-21
- **C.10 - Ratings:** Standard & Poor's: A-1+; Fitch: F1+; Moody's: P-1
- **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 55: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385HH2, C.4 - ISIN: US313385HH22, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59832440.00
- **C.18.a - Value (excl. sponsor support):** $59832440.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.1900%
- **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: P-1; Standard & Poor's: A-1+; 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? Yes, C.23 Categorized at Level 3? No

### Security 56: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385KY1, C.4 - ISIN: US313385KY18, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59387375.00
- **C.18.a - Value (excl. sponsor support):** $59387375.00
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-08-27
- **C.12 - Maturity Date (WAL):** 2025-08-27
- **C.13 - Final Legal Maturity Date:** 2025-08-27
- **C.10 - Ratings:** Standard & Poor's: A-1+; Moody's: P-1; 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 57: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385GV2, C.4 - ISIN: US313385GV25, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $59915800.00
- **C.18.a - Value (excl. sponsor support):** $59915800.00
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.2100%
- **C.11 - Maturity Date (WAM):** 2025-06-13
- **C.12 - Maturity Date (WAL):** 2025-06-13
- **C.13 - Final Legal Maturity Date:** 2025-06-13
- **C.10 - Ratings:** Moody's: P-1; Fitch: NR; Standard & Poor's: A-1+
- **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 58: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PN1, C.4 - ISIN: US912797PN17, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $59478916.67
- **C.18.a - Value (excl. sponsor support):** $59478916.67
- **C.19 - Percentage of Net Assets:** 1.1700%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-08-14
- **C.12 - Maturity Date (WAL):** 2025-08-14
- **C.13 - Final Legal Maturity Date:** 2025-08-14
- **C.10 - Ratings:** Standard & Poor's: A-1+; Fitch: NR; Moody's: P-1
- **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 59: Barclays Capital Repurchase Agreement

- **C.1 - Title:** Barclays Capital Repurchase Agreement
- **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: RP053025M
- **C.18 - Value (incl. sponsor support):** $160000000.00
- **C.18.a - Value (excl. sponsor support):** $160000000.00
- **C.19 - Percentage of Net Assets:** 3.1500%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **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 & 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?:** No

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2025-11-15      | 0.0000%  |  | $2160371.44        | $2119600.91        | U.S. Treasuries (including strips) |
| US Treasury   | 2039-05-15      | 0.0000%  |  | $11431903.62       | $5706817.72        | U.S. Treasuries (including strips) |
| US Treasury   | 2037-11-15      | 0.0000%  |  | $10431880.37       | $5715919.35        | U.S. Treasuries (including strips) |
| US Treasury   | 2047-08-15      | 0.0000%  |  | $23008332.43       | $7264489.82        | U.S. Treasuries (including strips) |
| US Treasury   | 2032-11-15      | 0.0000%  |  | $11431974.37       | $8250135.81        | U.S. Treasuries (including strips) |
| US Treasury   | 2050-05-15      | 0.0000%  |  | $20271910.67       | $5600115.32        | U.S. Treasuries (including strips) |
| US Treasury   | 2034-05-15      | 0.0000%  |  | $11400945.37       | $7604806.79        | U.S. Treasuries (including strips) |
| US Treasury   | 2053-11-15      | 0.0000%  |  | $26406480.00       | $6364014.49        | U.S. Treasuries (including strips) |
| US Treasury   | 2030-05-15      | 0.0000%  |  | $11159025.37       | $9095531.88        | U.S. Treasuries (including strips) |
| US Treasury   | 2051-08-15      | 0.0000%  |  | $24496998.43       | $6373457.57        | U.S. Treasuries (including strips) |
| US Treasury   | 2031-05-15      | 0.0000%  |  | $10431930.37       | $8105933.29        | U.S. Treasuries (including strips) |
| US Treasury   | 2038-05-15      | 0.0000%  |  | $11386780.37       | $6064815.57        | U.S. Treasuries (including strips) |
| US Treasury   | 2034-11-15      | 0.0000%  |  | $11485630.37       | $7455575.36        | U.S. Treasuries (including strips) |
| US Treasury   | 2031-11-15      | 0.0000%  |  | $11431930.37       | $8672833.98        | U.S. Treasuries (including strips) |
| US Treasury   | 2044-08-15      | 0.0000%  |  | $16766837.62       | $6164797.32        | U.S. Treasuries (including strips) |
| US Treasury   | 2039-11-15      | 0.0000%  |  | $10369662.96       | $5025076.45        | U.S. Treasuries (including strips) |
| US Treasury   | 2040-05-15      | 0.0000%  |  | $13553850.00       | $6366297.56        | U.S. Treasuries (including strips) |
| US Treasury   | 2038-11-15      | 0.0000%  |  | $11431957.62       | $5909841.95        | U.S. Treasuries (including strips) |
| US Treasury   | 2043-11-15      | 0.0000%  |  | $14415000.82       | $5525269.81        | U.S. Treasuries (including strips) |
| US Treasury   | 2055-02-15      | 0.0000%  |  | $33902500.00       | $7852293.63        | U.S. Treasuries (including strips) |
| US Treasury   | 2040-11-15      | 0.0000%  |  | $13579052.50       | $6190309.82        | U.S. Treasuries (including strips) |
| US Treasury   | 2029-11-15      | 0.0000%  |  | $10659880.37       | $8886651.91        | U.S. Treasuries (including strips) |
| US Treasury   | 2048-11-15      | 0.0000%  |  | $28776885.42       | $8521699.08        | U.S. Treasuries (including strips) |
| US Treasury   | 2050-08-15      | 0.0000%  |  | $30678345.43       | $8363714.60        | U.S. Treasuries (including strips) |

### Security 60: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385JM9, C.4 - ISIN: US313385JM98, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $42441878.50
- **C.18.a - Value (excl. sponsor support):** $42441878.50
- **C.19 - Percentage of Net Assets:** 0.8400%
- **C.17 - Yield as of Reporting Date:** 4.1900%
- **C.11 - Maturity Date (WAM):** 2025-07-23
- **C.12 - Maturity Date (WAL):** 2025-07-23
- **C.13 - Final Legal Maturity Date:** 2025-07-23
- **C.10 - Ratings:** Fitch: NR; Standard & Poor's: A-1+; Moody's: P-1
- **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 61: Federal Home Loan Bank Discount Notes

- **C.1 - Title:** Federal Home Loan Bank Discount Notes
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313385LV6, C.4 - ISIN: US313385LV69, C.3 - LEI: 2549001DPIFGXC1TOL40
- **C.18 - Value (incl. sponsor support):** $47220305.00
- **C.18.a - Value (excl. sponsor support):** $47220305.00
- **C.19 - Percentage of Net Assets:** 0.9300%
- **C.17 - Yield as of Reporting Date:** 4.2300%
- **C.11 - Maturity Date (WAM):** 2025-09-17
- **C.12 - Maturity Date (WAL):** 2025-09-17
- **C.13 - Final Legal Maturity Date:** 2025-09-17
- **C.10 - Ratings:** Moody's: P-1; Standard & Poor's: A-1+; 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 62: Bank of New York Mellon Repurchase Agreement

- **C.1 - Title:** Bank of New York Mellon Repurchase Agreement
- **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: RP053025B
- **C.18 - Value (incl. sponsor support):** $200000000.00
- **C.18.a - Value (excl. sponsor support):** $200000000.00
- **C.19 - Percentage of Net Assets:** 3.9400%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **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 & 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? 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:** FICC

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

**Collateral:**
| Issuer Name   | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US Treasury   | 2055-02-15      | 2.3750%  |  | $10000000.00       | $9626059.46        | U.S. Treasuries (including strips) |
| US Treasury   | 2034-05-15      | 4.3750%  |  | $499300.00         | $500325.21         | U.S. Treasuries (including strips) |
| US Treasury   | 2029-04-15      | 2.1250%  |  | $90000000.00       | $95347362.42       | U.S. Treasuries (including strips) |
| US Treasury   | 2030-04-30      | 3.8750%  |  | $48380000.00       | $48257064.82       | U.S. Treasuries (including strips) |
| US Treasury   | 2041-02-15      | 4.7500%  |  | $50000000.00       | $50269270.45       | U.S. Treasuries (including strips) |

### Security 63: United States Treasury Bill

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PZ4, C.4 - ISIN: US912797PZ47, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $59743466.67
- **C.18.a - Value (excl. sponsor support):** $59743466.67
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 4.1600%
- **C.11 - Maturity Date (WAM):** 2025-07-08
- **C.12 - Maturity Date (WAL):** 2025-07-08
- **C.13 - Final Legal Maturity Date:** 2025-07-08
- **C.10 - Ratings:** Moody's: P-1; Fitch: NR; Standard & Poor's: A-1+
- **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

## N-MFP: Signatures

**Registrant:** Principal Funds, Inc.

**Date:** 2025-06-04

**By:** /s/ Megan Hoffmann

**Name of Signing Officer:** Megan Hoffmann

**Title of Signing Officer:** Vice President and Controller