# EDGAR Filing Document

**Accession Number:** 0001862970
**File Stem:** 0001049169-25-000036
**Filing Date:** 2025-8
**Character Count:** 55081
**Document Hash:** 8e47be871d34abd9bbf5dca430747652
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-25-000036.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001049169-25-000036

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Popular High Grade Fixed-Income Fund, Inc.
- **CENTRAL INDEX KEY:** 0001862970

**ORGANIZATION NAME:**
- **EIN:** 660614568
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23697
- **FILM NUMBER:** 251234868

**BUSINESS ADDRESS:**
- **STREET 1:** PFS 209 MUNOZ RIVERA AVE.
- **STREET 2:** 2ND LEVEL
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 7877544488

**MAIL ADDRESS:**
- **STREET 1:** PFS 209 MUNOZ RIVERA AVE.
- **STREET 2:** 2ND LEVEL
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

## Series and Classes Contracts Data

### Popular High Grade Fixed-Income Fund (Series ID: S000074338)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000232072 | Class A Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Popular High Grade Fixed Income Fund Inc.

- **b. Investment Company Act file number:** 811-23697

- **c. CIK number of Registrant:** 0001862970

- **d. LEI of Registrant:** 549300HW4IIBLO15U782

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** PFS 209 MUNOZ RIVERA AVE. 2ND LEVEL

  - **City:** SAN JUAN

  - **State:** PR

  - **Foreign country:** US

  - **Zip / Postal Code:** 00918

  - **Telephone number:** 7877544488

**Item A.2. Information about the Series.**

- **a. Name of Series:** Popular High Grade Fixed-Income Fund Inc.

- **b. EDGAR series identifier (if any):** S000074338

- **c. LEI of Series:** 549300HW4IIBLO15U782

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $56909165.43

**Total Liabilities:** $16513349.51

**Net Assets:** $40395815.92

**Cash Not Reported:** $15278.96

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.39419200 | **1-Year:** 2761.34123200 | **5-Year:** 9195.13666200 | **10-Year:** 6873.50274700 | **30-Year:** 2149.92007500

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000232072 | -2.81%               | -3.03%               | -1.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-76214.46               | $-100901.98                                |
| Month 2  | $-62.34                  | $-505718.79                                |
| Month 3  | $-20101.18               | $392988.00                                 |

### Schedule of Portfolio Investments

| Name                                                 | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |   3890000 | PA      | $902646.49    | 2.23%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett Cnty Ga Dev Auth                            | Development Authority of Gwinnett County                | CUSIP: 403720HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1677000.80   | 4.15%             | 2046-09-01      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36208N6K4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     76776 | PA      | $79413.91     | 0.20%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36291SEB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     59918 | PA      | $61601.88     | 0.15%             | 2030-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200DF57<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     29411 | PA      | $29351.80     | 0.07%             | 2033-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36201YXK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     67600 | PA      | $70109.12     | 0.17%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Texas St A & M Univ Revenues                         | Texas A&M University                                    | CUSIP: 88213AHT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960129.50    | 2.38%             | 2031-05-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36292BES1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     49385 | PA      | $50666.27     | 0.13%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nthrn Ca Pwr Agy Revenue                             | Northern California Power Agency                        | CUSIP: 664845DG6<br>LEI: 549300QYTU4PHD2XHS96 | Long             | DBT              | MUN               | US        |    355000 | PA      | $362798.96    | 0.90%             | 2035-06-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | REVERSE REPO                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -8510000 | NS      | $-8510000.00  | -21.07%           |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JRK3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |     57000 | PA      | $49516.24     | 0.12%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| New York St Dorm Auth St Personal Income Tax Revenue | New York State Dormitory Authority                      | CUSIP: 6499022E2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     58717 | PA      | $59480.88     | 0.15%             | 2033-03-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36291ABJ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     78730 | PA      | $81652.50     | 0.20%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JPU3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |    367000 | PA      | $366981.83    | 0.91%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36201UPE8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    113895 | PA      | $114141.49    | 0.28%             | 2032-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36292BE85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    143193 | PA      | $149849.57    | 0.37%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407FQN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    249799 | PA      | $256785.81    | 0.64%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36201TTW7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     45123 | PA      | $45204.55     | 0.11%             | 2036-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    733292 | PA      | $770755.99    | 1.91%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200DFT5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     35059 | PA      | $34985.60     | 0.09%             | 2033-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200DF24<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     78512 | PA      | $78441.56     | 0.19%             | 2033-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JPX7<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |   3450000 | PA      | $3243442.64   | 8.03%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baltimore Cnty Md                                    | County of Baltimore MD                                  | CUSIP: 05914FE63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1022362.08   | 2.53%             | 2036-07-01      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FMS5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     91000 | PA      | $93735.36     | 0.23%             | 2036-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | Freddie Mac Gold Pool                                   | CUSIP: 31297Q4E6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     19557 | PA      | $20145.28     | 0.05%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36291LBG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     67988 | PA      | $70084.96     | 0.17%             | 2035-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                       | Microsoft Corp.                                         | CUSIP: 594918BD5<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    750000 | PA      | $626399.75    | 1.55%             | 2045-02-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36295R3S5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    106501 | PA      | $111455.49    | 0.28%             | 2038-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407DRE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    266757 | PA      | $277936.60    | 0.69%             | 2035-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Univ Of Texas Tx Univ Revenues                       | Board of Regents of the University of Texas System      | CUSIP: 91514ADE2<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    600000 | PA      | $481489.20    | 1.19%             | 2046-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36290UZV1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33474 | PA      | $34507.04     | 0.09%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | Freddie Mac Gold Pool                                   | CUSIP: 3128K5ZE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    362323 | PA      | $379608.48    | 0.94%             | 2035-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JQC2<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |    355000 | PA      | $328078.26    | 0.81%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JRL1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |    758000 | PA      | $690743.80    | 1.71%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200DF40<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    103355 | PA      | $105080.87    | 0.26%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    244741 | PA      | $251675.76    | 0.62%             | 2036-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36201TS24<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    183621 | PA      | $190639.72    | 0.47%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36291ABZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     36929 | PA      | $38339.12     | 0.09%             | 2034-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    422184 | PA      | $447473.94    | 1.11%             | 2036-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31403UX63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    178084 | PA      | $183660.73    | 0.45%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas St A & M Univ Revenues                         | Texas A&M University                                    | CUSIP: 88213AHP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985606.20    | 2.44%             | 2027-05-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407DRD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    374986 | PA      | $385611.12    | 0.95%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36291LBN4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    147260 | PA      | $152882.24    | 0.38%             | 2035-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36290UZW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    131256 | PA      | $137360.32    | 0.34%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FJ34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    553022 | PA      | $577967.48    | 1.43%             | 2036-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31409XB73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     78016 | PA      | $80358.12     | 0.20%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    860557 | PA      | $912136.29    | 2.26%             | 2036-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31413RKF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    170028 | PA      | $176338.41    | 0.44%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200TSK5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     43194 | PA      | $45459.76     | 0.11%             | 2034-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1582155 | PA      | $1687126.46   | 4.18%             | 2036-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31417J3S7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    609052 | PA      | $616627.88    | 1.53%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36241KJ82<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2238432 | PA      | $2384445.61   | 5.90%             | 2036-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36201TT72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     62335 | PA      | $65609.89     | 0.16%             | 2036-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36294YBR4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     64307 | PA      | $64315.96     | 0.16%             | 2037-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FK99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    261150 | PA      | $272098.31    | 0.67%             | 2036-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | Freddie Mac Gold Pool                                   | CUSIP: 3128KVJD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       388 | PA      | $402.53       | 0.00%             | 2037-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31409XCS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    118224 | PA      | $122496.14    | 0.30%             | 2036-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JQE8<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |    445000 | PA      | $347194.87    | 0.86%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36202TEP7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     42017 | PA      | $43484.30     | 0.11%             | 2034-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Baltimore Cnty Md                                    | County of Baltimore MD                                  | CUSIP: 05914FE55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1081642.13   | 2.68%             | 2035-07-01      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FKX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    147611 | PA      | $153093.81    | 0.38%             | 2036-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Baltimore Cnty Md                                    | County of Baltimore MD                                  | CUSIP: 05914FE48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1097623.00   | 2.72%             | 2034-07-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36201TUD7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     34749 | PA      | $36572.12     | 0.09%             | 2036-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36295R3V8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    136693 | PA      | $144827.46    | 0.36%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407DR98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1319074 | PA      | $1382794.21   | 3.42%             | 2036-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JPV1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |    186000 | PA      | $178282.73    | 0.44%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200TPE2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    142555 | PA      | $143049.24    | 0.35%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407DRT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    389693 | PA      | $400946.32    | 0.99%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JPW9<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |   1364000 | PA      | $1254016.86   | 3.10%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Texas St A & M Univ Revenues                         | Texas A&M University                                    | CUSIP: 88213AHQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1961617.80   | 4.86%             | 2028-05-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407DRQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    330941 | PA      | $340257.25    | 0.84%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Hsg Bank & Fin Agy Sf Mtge Revenue       | Puerto Rico Housing Finance Authority                   | CUSIP: 745901GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2700000 | PA      | $2796952.95   | 6.92%             | 2028-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407NJZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     75837 | PA      | $76915.65     | 0.19%             | 2035-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407DR64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    261941 | PA      | $272916.00    | 0.68%             | 2036-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31409XCB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    467810 | PA      | $488260.52    | 1.21%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36296HNB1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    251911 | PA      | $255864.35    | 0.63%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 3620A5XK0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    292436 | PA      | $297024.70    | 0.74%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36295R3R7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    166173 | PA      | $168780.51    | 0.42%             | 2038-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31411DN62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    291375 | PA      | $303229.71    | 0.75%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31411JA89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    754914 | PA      | $791412.31    | 1.96%             | 2037-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36292BFA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     98697 | PA      | $102351.21    | 0.25%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |   4775000 | PA      | $1511992.77   | 3.74%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200TSR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     56150 | PA      | $59095.42     | 0.15%             | 2034-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Bank                             | Federal Farm Credit Banks Funding Corp.                 | CUSIP: 3133EGN68<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   3000000 | PA      | $2900232.57   | 7.18%             | 2028-11-28      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | REVERSE REPO                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |   -502000 | NS      | $-502000.00   | -1.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36201TTQ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    123809 | PA      | $131175.78    | 0.32%             | 2035-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JQF5<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |    501000 | PA      | $356116.71    | 0.88%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | REVERSE REPO                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |   -992000 | NS      | $-992000.00   | -2.46%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200DGG2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     96603 | PA      | $100188.05    | 0.25%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FMF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    784737 | PA      | $824821.93    | 2.04%             | 2036-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36202TUW4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    322580 | PA      | $324185.75    | 0.80%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77124 | PA      | $79442.56     | 0.20%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36290U3A2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2551 | PA      | $2565.06      | 0.01%             | 2035-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36291LBT1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     36694 | PA      | $37976.41     | 0.09%             | 2035-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FK81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    189883 | PA      | $195365.91    | 0.48%             | 2036-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200TSZ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     17967 | PA      | $18909.60     | 0.05%             | 2034-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407DRR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39160 | PA      | $39800.47     | 0.10%             | 2035-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36201TS57<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     42201 | PA      | $44415.21     | 0.11%             | 2035-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                       | Microsoft Corp.                                         | CUSIP: 594918BS2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1727000 | PA      | $1551018.79   | 3.84%             | 2036-08-08      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31407DRG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    946963 | PA      | $976759.44    | 2.42%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | Freddie Mac Gold Pool                                   | CUSIP: 3128E4ZW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20651 | PA      | $20672.70     | 0.05%             | 2026-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200TRY6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     29559 | PA      | $29568.29     | 0.07%             | 2034-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36295R3U0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    252243 | PA      | $261899.46    | 0.65%             | 2038-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200TSA7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     71802 | PA      | $75568.59     | 0.19%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36200DFY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     48757 | PA      | $48776.40     | 0.12%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     73652 | PA      | $74833.11     | 0.19%             | 2036-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31411DMR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    175216 | PA      | $181540.92    | 0.45%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    421350 | PA      | $441520.11    | 1.09%             | 2036-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                          | Freddie Mac Gold Pool                                   | CUSIP: 3128MJ4R8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    158378 | PA      | $150047.33    | 0.37%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FJ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    914283 | PA      | $960982.74    | 2.38%             | 2036-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36292FMK0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     66570 | PA      | $68899.59     | 0.17%             | 2036-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31409XBU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    196843 | PA      | $205404.66    | 0.51%             | 2036-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Fing Corp Sales Tax Revenue    | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | CUSIP: 74529JQD0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | PR        |    346000 | PA      | $295277.61    | 0.73%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia St Resources Auth Infrastructure Revenue    | Virginia Resources Authority                            | CUSIP: 92818MQ94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $882883.92    | 2.19%             | 2038-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31403C7D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    141254 | PA      | $145082.86    | 0.36%             | 2035-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36291UR23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    192370 | PA      | $201631.44    | 0.50%             | 2036-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FMC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    182968 | PA      | $189577.75    | 0.47%             | 2036-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                       | Microsoft Corp.                                         | CUSIP: 594918BT0<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    300000 | PA      | $240989.93    | 0.60%             | 2046-08-08      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36291ABD0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    100717 | PA      | $105391.49    | 0.26%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association             | Ginnie Mae I Pool                                       | CUSIP: 36292BE77<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    162783 | PA      | $167808.46    | 0.42%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FLN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    780278 | PA      | $817954.33    | 2.02%             | 2036-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                  | REVERSE REPO                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -6146050 | NS      | $-6146049.64  | -15.21%           |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31411DMW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1087174 | PA      | $1142747.20   | 2.83%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                           | Fannie Mae Pool                                         | CUSIP: 31408FK24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    925849 | PA      | $973142.77    | 2.41%             | 2036-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Seattle Wa                                           | City of Seattle WA                                      | CUSIP: 812627CN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1204139.95   | 2.98%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Texas St A & M Univ Perm Univ Fund                   | Permanent University Fund - Texas A&M University System | CUSIP: 8821173P7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $713338.32    | 1.77%             | 2036-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Popular High Grade Fixed Income Fund Inc.

**Signature:** Jim Gallo

**Name of Signer:** Jim Gallo

**Title:** Treasurer