# EDGAR Filing Document

**Accession Number:** 0001140869
**File Stem:** 0001145549-25-046150
**Filing Date:** 2025-7
**Character Count:** 75379
**Document Hash:** 44e4bb5d6e0d62012c46e73778792002
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-046150.hdr.sgml**: 20250708

**ACCESSION NUMBER**: 0001145549-25-046150

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250708

**DATE AS OF CHANGE**: 20250708

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MASTER PORTFOLIO TRUST
- **CENTRAL INDEX KEY:** 0001140869

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10407
- **FILM NUMBER:** 251110796

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE, 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSTITUTIONAL PORTFOLIO
- **DATE OF NAME CHANGE:** 20010518

## Series and Classes Contracts Data

### Liquid Reserves Portfolio (Series ID: S000018041)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000049971 | Liquid Reserves Portfolio |  |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0001140869

### General Information

**Report for (YYYY-MM-DD):** 2025-06-30

**Registrant Full Name:** Master Portfolio Trust

**CIK Number of Registrant:** 0001140869

**LEI of Registrant:** 549300I1QJ6KR2C8FZ09

**Name of Series:** Liquid Reserve Portfolio

**LEI of Series:** 549300YFP8WIZM5ZX343

**EDGAR Series Identifier:** S000018041

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

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

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

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

### Service Providers
| Role                          | Details                                                    | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | Franklin Templeton Fund Adviser LLC                        | 801-66785         |
| Independent Public Accountant | PricewaterhouseCoopers LLP<br>City: Baltimore<br>State: MD |  |
| Transfer Agent                | None<br>CIK: —                                             |  |

### Fund Characteristics & Assets

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

- **Is this a Master Fund?:** Yes

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

- **Money Market Fund Category:** Prime

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

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

- **WAM:** 11 days

- **WAL:** 18 days

- **Total Value of Portfolio Securities:** $4464266220.47

- **Amortized Cost of Portfolio Securities:** $2636400000.00

- **Cash:** $349651188.69

- **Total Other Assets:** $1848516.84

- **Total Liabilities:** $364776.18

- **Net Assets of Series:** $4815401149.82

- **Number of Shares Outstanding (Series):** 0.0000

- **Does the fund seek to maintain a stable price per share?:** No

- **Stable Price Per Share:** $0.00

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-06-02 | $1789409909.48            | $3058858415.01             | 34.7500%                  | 59.4000%                   |
| 2025-06-03 | $2052822791.21            | $3147535201.21             | 39.5700%                  | 60.6600%                   |
| 2025-06-04 | $2689958768.11            | $3724571246.61             | 47.2700%                  | 65.4500%                   |
| 2025-06-05 | $2514387298.27            | $3723934196.27             | 44.1900%                  | 65.4400%                   |
| 2025-06-06 | $2472851193.24            | $3722444900.74             | 43.4600%                  | 65.4200%                   |
| 2025-06-09 | $2816916672.18            | $3886623411.68             | 49.4300%                  | 68.1900%                   |
| 2025-06-10 | $2898271587.33            | $4027868966.08             | 49.0800%                  | 68.2100%                   |
| 2025-06-11 | $2959095934.22            | $3937687208.32             | 50.5500%                  | 67.2600%                   |
| 2025-06-12 | $2611514275.64            | $3940072257.24             | 44.5900%                  | 67.2700%                   |
| 2025-06-13 | $2559723670.86            | $3931958862.97             | 43.6700%                  | 67.0900%                   |
| 2025-06-16 | $3495882330.18            | $4558333858.68             | 51.3700%                  | 66.9900%                   |
| 2025-06-17 | $4053787228.75            | $5167107265.24             | 55.0500%                  | 70.1700%                   |
| 2025-06-18 | $2502411156.10            | $3325756404.83             | 44.9000%                  | 59.6800%                   |
| 2025-06-20 | $2597429941.43            | $3347258116.43             | 46.4200%                  | 59.8200%                   |
| 2025-06-23 | $1569220426.06            | $2329035865.06             | 36.0500%                  | 53.5100%                   |
| 2025-06-24 | $1195538403.76            | $2080197734.26             | 30.6200%                  | 53.2800%                   |
| 2025-06-25 | $1984335774.61            | $2958974513.11             | 43.9100%                  | 65.4800%                   |
| 2025-06-26 | $1526001579.29            | $2315733422.29             | 40.8400%                  | 61.9800%                   |
| 2025-06-27 | $2132885654.52            | $2797697559.02             | 52.4100%                  | 68.7400%                   |
| 2025-06-30 | $3170858660.69            | $3695735213.19             | 65.8400%                  | 76.7400%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-06-02 | 0.0000%             |
| 2025-06-03 | 0.0000%             |
| 2025-06-04 | 0.0000%             |
| 2025-06-05 | 0.0000%             |
| 2025-06-06 | 0.0000%             |
| 2025-06-09 | 0.0000%             |
| 2025-06-10 | 0.0000%             |
| 2025-06-11 | 0.0000%             |
| 2025-06-12 | 0.0000%             |
| 2025-06-13 | 0.0000%             |
| 2025-06-16 | 0.0000%             |
| 2025-06-17 | 0.0000%             |
| 2025-06-18 | 0.0000%             |
| 2025-06-20 | 0.0000%             |
| 2025-06-23 | 0.0000%             |
| 2025-06-24 | 0.0000%             |
| 2025-06-25 | 0.0000%             |
| 2025-06-26 | 0.0000%             |
| 2025-06-27 | 0.0000%             |
| 2025-06-30 | 0.0000%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-06-02 | 0.0000                      |
|  |  |
| 2025-06-03 | 0.0000                      |
|  |  |
| 2025-06-04 | 0.0000                      |
|  |  |
| 2025-06-05 | 0.0000                      |
|  |  |
| 2025-06-06 | 0.0000                      |
|  |  |
| 2025-06-09 | 0.0000                      |
|  |  |
| 2025-06-10 | 0.0000                      |
|  |  |
| 2025-06-11 | 0.0000                      |
|  |  |
| 2025-06-12 | 0.0000                      |
|  |  |
| 2025-06-13 | 0.0000                      |
|  |  |
| 2025-06-16 | 0.0000                      |
|  |  |
| 2025-06-17 | 0.0000                      |
|  |  |
| 2025-06-18 | 0.0000                      |
|  |  |
| 2025-06-20 | 0.0000                      |
|  |  |
| 2025-06-23 | 0.0000                      |
|  |  |
| 2025-06-24 | 0.0000                      |
|  |  |
| 2025-06-25 | 0.0000                      |
|  |  |
| 2025-06-26 | 0.0000                      |
|  |  |
| 2025-06-27 | 0.0000                      |
|  |  |
| 2025-06-30 | 0.0000                      |
|  |  |

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

### Class: A

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $4815401149.82

- **Number of Shares Outstanding:** 0.0000

- **Expense Reimbursement/Waiver:** 441403.30

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-06-02 | 0.0000          |
|  |  |
| 2025-06-03 | 0.0000          |
|  |  |
| 2025-06-04 | 0.0000          |
|  |  |
| 2025-06-05 | 0.0000          |
|  |  |
| 2025-06-06 | 0.0000          |
|  |  |
| 2025-06-09 | 0.0000          |
|  |  |
| 2025-06-10 | 0.0000          |
|  |  |
| 2025-06-11 | 0.0000          |
|  |  |
| 2025-06-12 | 0.0000          |
|  |  |
| 2025-06-13 | 0.0000          |
|  |  |
| 2025-06-16 | 0.0000          |
|  |  |
| 2025-06-17 | 0.0000          |
|  |  |
| 2025-06-18 | 0.0000          |
|  |  |
| 2025-06-20 | 0.0000          |
|  |  |
| 2025-06-23 | 0.0000          |
|  |  |
| 2025-06-24 | 0.0000          |
|  |  |
| 2025-06-25 | 0.0000          |
|  |  |
| 2025-06-26 | 0.0000          |
|  |  |
| 2025-06-27 | 0.0000          |
|  |  |
| 2025-06-30 | 0.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-06-02 | $0.00                     | $0.00                   |
| 2025-06-03 | $0.00                     | $0.00                   |
| 2025-06-04 | $0.00                     | $0.00                   |
| 2025-06-05 | $0.00                     | $0.00                   |
| 2025-06-06 | $0.00                     | $0.00                   |
| 2025-06-09 | $0.00                     | $0.00                   |
| 2025-06-10 | $0.00                     | $0.00                   |
| 2025-06-11 | $0.00                     | $0.00                   |
| 2025-06-12 | $0.00                     | $0.00                   |
| 2025-06-13 | $0.00                     | $0.00                   |
| 2025-06-16 | $0.00                     | $0.00                   |
| 2025-06-17 | $0.00                     | $0.00                   |
| 2025-06-18 | $0.00                     | $0.00                   |
| 2025-06-20 | $0.00                     | $0.00                   |
| 2025-06-23 | $0.00                     | $0.00                   |
| 2025-06-24 | $0.00                     | $0.00                   |
| 2025-06-25 | $0.00                     | $0.00                   |
| 2025-06-26 | $0.00                     | $0.00                   |
| 2025-06-27 | $0.00                     | $0.00                   |
| 2025-06-30 | $0.00                     | $0.00                   |

**Total Gross Subscriptions (Month):** $0.00

**Total Gross Redemptions (Month):** $0.00

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-06-02 | 0.0000%           |
| 2025-06-03 | 0.0000%           |
| 2025-06-04 | 0.0000%           |
| 2025-06-05 | 0.0000%           |
| 2025-06-06 | 0.0000%           |
| 2025-06-09 | 0.0000%           |
| 2025-06-10 | 0.0000%           |
| 2025-06-11 | 0.0000%           |
| 2025-06-12 | 0.0000%           |
| 2025-06-13 | 0.0000%           |
| 2025-06-16 | 0.0000%           |
| 2025-06-17 | 0.0000%           |
| 2025-06-18 | 0.0000%           |
| 2025-06-20 | 0.0000%           |
| 2025-06-23 | 0.0000%           |
| 2025-06-24 | 0.0000%           |
| 2025-06-25 | 0.0000%           |
| 2025-06-26 | 0.0000%           |
| 2025-06-27 | 0.0000%           |
| 2025-06-30 | 0.0000%           |

## Part C: Schedule of Portfolio Securities

### Security 1: ABN AMRO FUNDING USA LLC

- **C.1 - Title:** ABN AMRO FUNDING USA LLC
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 00084BU10, C.4 - ISIN: US00084BU109, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $14998191.00
- **C.18.a - Value (excl. sponsor support):** $14998191.00
- **C.19 - Percentage of Net Assets:** 0.3100%
- **C.17 - Yield as of Reporting Date:** 4.3400%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 2: ABN AMRO FUNDING USA LLC

- **C.1 - Title:** ABN AMRO FUNDING USA LLC
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 00084BVR2, C.4 - ISIN: US00084BVR22, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $99311510.00
- **C.18.a - Value (excl. sponsor support):** $99311510.00
- **C.19 - Percentage of Net Assets:** 2.0600%
- **C.17 - Yield as of Reporting Date:** 4.4300%
- **C.11 - Maturity Date (WAM):** 2025-08-25
- **C.12 - Maturity Date (WAL):** 2025-08-25
- **C.13 - Final Legal Maturity Date:** 2025-08-25
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 3: ATLANTIC ASSET SECURITIZATION LLC

- **C.1 - Title:** ATLANTIC ASSET SECURITIZATION LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 04821TU11, C.4 - ISIN: US04821TU110, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $59992764.00
- **C.18.a - Value (excl. sponsor support):** $59992764.00
- **C.19 - Percentage of Net Assets:** 1.2500%
- **C.17 - Yield as of Reporting Date:** 4.3400%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 4: ATLANTIC ASSET SECURITIZATION LLC

- **C.1 - Title:** ATLANTIC ASSET SECURITIZATION LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 04821TX18, C.4 - ISIN: US04821TX189, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $49431795.00
- **C.18.a - Value (excl. sponsor support):** $49431795.00
- **C.19 - Percentage of Net Assets:** 1.0300%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-10-01
- **C.12 - Maturity Date (WAL):** 2025-10-01
- **C.13 - Final Legal Maturity Date:** 2025-10-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 5: AUTOMATIC DATA PROCESSING INC

- **C.1 - Title:** AUTOMATIC DATA PROCESSING INC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 0530A2U24, C.4 - ISIN: US0530A2U242, C.3 - LEI: HGBOLILQXWER4SAL2I23
- **C.18 - Value (incl. sponsor support):** $174957772.50
- **C.18.a - Value (excl. sponsor support):** $174957772.50
- **C.19 - Percentage of Net Assets:** 3.6300%
- **C.17 - Yield as of Reporting Date:** 4.3400%
- **C.11 - Maturity Date (WAM):** 2025-07-02
- **C.12 - Maturity Date (WAL):** 2025-07-02
- **C.13 - Final Legal Maturity Date:** 2025-07-02
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 6: BANCO SANTANDER SA/NEW YORK

- **C.1 - Title:** BANCO SANTANDER SA/NEW YORK 4.390000%
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 05973RDX7, C.4 - ISIN: US05973RDX70, C.3 - LEI: 5493006QMFDDMYWIAM13
- **C.18 - Value (incl. sponsor support):** $5001013.00
- **C.18.a - Value (excl. sponsor support):** $5001013.00
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 4.5600%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2025-11-03
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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: BARCLAYS BANK UK PLC

- **C.1 - Title:** BARCLAYS BANK UK PLC
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 06744QU16, C.4 - ISIN: US06744QU167, C.3 - LEI: 213800UUGANOMFJ9X769
- **C.18 - Value (incl. sponsor support):** $74990917.50
- **C.18.a - Value (excl. sponsor support):** $74990917.50
- **C.19 - Percentage of Net Assets:** 1.5600%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 8: BARTON CAPITAL S.A.

- **C.1 - Title:** BARTON CAPITAL S.A.
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 06945LU22, C.4 - ISIN: US06945LU229, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $49987930.00
- **C.18.a - Value (excl. sponsor support):** $49987930.00
- **C.19 - Percentage of Net Assets:** 1.0400%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-07-02
- **C.12 - Maturity Date (WAL):** 2025-07-02
- **C.13 - Final Legal Maturity Date:** 2025-07-02
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 9: BEDFORD ROW FUNDING CORP

- **C.1 - Title:** BEDFORD ROW FUNDING CORP
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 07644AU85, C.4 - ISIN: US07644AU857, C.3 - LEI: 5493000JWH1Z48FX0180
- **C.18 - Value (incl. sponsor support):** $49951655.00
- **C.18.a - Value (excl. sponsor support):** $49951655.00
- **C.19 - Percentage of Net Assets:** 1.0400%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **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:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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: BNG BANK NV

- **C.1 - Title:** BNG BANK NV
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 09657RU70, C.4 - ISIN: US09657RU703, C.3 - LEI: 529900GGYMNGRQTDOO93
- **C.18 - Value (incl. sponsor support):** $24979195.00
- **C.18.a - Value (excl. sponsor support):** $24979195.00
- **C.19 - Percentage of Net Assets:** 0.5200%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **C.11 - Maturity Date (WAM):** 2025-07-07
- **C.12 - Maturity Date (WAL):** 2025-07-07
- **C.13 - Final Legal Maturity Date:** 2025-07-07
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 11: CABOT TRAIL FUNDING LLC

- **C.1 - Title:** CABOT TRAIL FUNDING LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 12710GWQ9, C.4 - ISIN: US12710GWQ99, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $49475640.00
- **C.18.a - Value (excl. sponsor support):** $49475640.00
- **C.19 - Percentage of Net Assets:** 1.0300%
- **C.17 - Yield as of Reporting Date:** 4.3900%
- **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:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 12: CREDIT AGRICOLE CORPORATE & INVESTMENT BANK

- **C.1 - Title:** CREDIT AGRICOLE CORPORATE & INVESTMENT BANK
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 22533TUX2, C.4 - ISIN: US22533TUX26, C.3 - LEI: 1VUV7VQFKUOQSJ21A208
- **C.18 - Value (incl. sponsor support):** $49815055.00
- **C.18.a - Value (excl. sponsor support):** $49815055.00
- **C.19 - Percentage of Net Assets:** 1.0300%
- **C.17 - Yield as of Reporting Date:** 4.3000%
- **C.11 - Maturity Date (WAM):** 2025-07-31
- **C.12 - Maturity Date (WAL):** 2025-07-31
- **C.13 - Final Legal Maturity Date:** 2025-07-31
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 13: GOTHAM FUNDING CORP

- **C.1 - Title:** GOTHAM FUNDING CORP
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 38346LVT0, C.4 - ISIN: US38346LVT06, C.3 - LEI: 549300Z2ZR7VTUMRPR17
- **C.18 - Value (incl. sponsor support):** $49646360.00
- **C.18.a - Value (excl. sponsor support):** $49646360.00
- **C.19 - Percentage of Net Assets:** 1.0300%
- **C.17 - Yield as of Reporting Date:** 4.3900%
- **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:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 14: GREAT BEAR FUNDING LLC

- **C.1 - Title:** GREAT BEAR FUNDING LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 39014HU10, C.4 - ISIN: US39014HU108, C.3 - LEI: 635400VTTJNS4TKPEZ96
- **C.18 - Value (incl. sponsor support):** $74990932.50
- **C.18.a - Value (excl. sponsor support):** $74990932.50
- **C.19 - Percentage of Net Assets:** 1.5600%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 15: ING US FUNDING LLC

- **C.1 - Title:** ING US FUNDING LLC
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 45685QU15, C.4 - ISIN: US45685QU157, C.3 - LEI: 254900QX5Y2ZDZ6XBT08
- **C.18 - Value (incl. sponsor support):** $99988000.00
- **C.18.a - Value (excl. sponsor support):** $99988000.00
- **C.19 - Percentage of Net Assets:** 2.0800%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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: ING US FUNDING LLC

- **C.1 - Title:** ING US FUNDING LLC
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 45685QVM8, C.4 - ISIN: US45685QVM85, C.3 - LEI: 254900QX5Y2ZDZ6XBT08
- **C.18 - Value (incl. sponsor support):** $74524200.00
- **C.18.a - Value (excl. sponsor support):** $74524200.00
- **C.19 - Percentage of Net Assets:** 1.5500%
- **C.17 - Yield as of Reporting Date:** 4.3900%
- **C.11 - Maturity Date (WAM):** 2025-08-21
- **C.12 - Maturity Date (WAL):** 2025-08-21
- **C.13 - Final Legal Maturity Date:** 2025-08-21
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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: LVMH MOET HENNESSY LOUIS VUITTON SE

- **C.1 - Title:** LVMH MOET HENNESSY LOUIS VUITTON SE
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 50244LVK7, C.4 - ISIN: US50244LVK78, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $64608193.00
- **C.18.a - Value (excl. sponsor support):** $64608193.00
- **C.19 - Percentage of Net Assets:** 1.3400%
- **C.17 - Yield as of Reporting Date:** 4.3400%
- **C.11 - Maturity Date (WAM):** 2025-08-19
- **C.12 - Maturity Date (WAL):** 2025-08-19
- **C.13 - Final Legal Maturity Date:** 2025-08-19
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 18: MIZUHO BANK LTD, SINGAPORE BRANCH

- **C.1 - Title:** MIZUHO BANK LTD, SINGAPORE BRANCH
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 60689PV78, C.4 - ISIN: US60689PV787, C.3 - LEI: RB0PEZSDGCO3JS6CEU02
- **C.18 - Value (incl. sponsor support):** $60368098.80
- **C.18.a - Value (excl. sponsor support):** $60368098.80
- **C.19 - Percentage of Net Assets:** 1.2500%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-08-07
- **C.12 - Maturity Date (WAL):** 2025-08-07
- **C.13 - Final Legal Maturity Date:** 2025-08-07
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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: ONTARIO (PROVINCE OF)

- **C.1 - Title:** ONTARIO (PROVINCE OF)
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 68323JUE3, C.4 - ISIN: US68323JUE36, C.3 - LEI: C7PVKCRGLG18EBQGZV36
- **C.18 - Value (incl. sponsor support):** $49916135.00
- **C.18.a - Value (excl. sponsor support):** $49916135.00
- **C.19 - Percentage of Net Assets:** 1.0400%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-07-14
- **C.12 - Maturity Date (WAL):** 2025-07-14
- **C.13 - Final Legal Maturity Date:** 2025-07-14
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 20: OVERSEA-CHINESE BANKING

- **C.1 - Title:** OVERSEA-CHINESE BANKING
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 69034AVE9, C.4 - ISIN: US69034AVE99, C.3 - LEI: 5493007O3QFXCPOGWK22
- **C.18 - Value (incl. sponsor support):** $74587920.00
- **C.18.a - Value (excl. sponsor support):** $74587920.00
- **C.19 - Percentage of Net Assets:** 1.5500%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **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:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 21: QUEBEC PROVINCE

- **C.1 - Title:** QUEBEC PROVINCE
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 74800JU94, C.4 - ISIN: US74800JU946, C.3 - LEI: 549300WN65YFEQH74Y36
- **C.18 - Value (incl. sponsor support):** $74919172.50
- **C.18.a - Value (excl. sponsor support):** $74919172.50
- **C.19 - Percentage of Net Assets:** 1.5600%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **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:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 22: SANOFI PAPER

- **C.1 - Title:** SANOFI PAPER
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 8010M2VU3, C.4 - ISIN: US8010M2VU32, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $74467687.50
- **C.18.a - Value (excl. sponsor support):** $74467687.50
- **C.19 - Percentage of Net Assets:** 1.5500%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2025-08-28
- **C.12 - Maturity Date (WAL):** 2025-08-28
- **C.13 - Final Legal Maturity Date:** 2025-08-28
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 23: SIEMENS CAPITAL CO LLC

- **C.1 - Title:** SIEMENS CAPITAL CO LLC
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 82619TUF2, C.4 - ISIN: US82619TUF29, C.3 - LEI: EOSCVWUER252U910GR08
- **C.18 - Value (incl. sponsor support):** $43671915.00
- **C.18.a - Value (excl. sponsor support):** $43671915.00
- **C.19 - Percentage of Net Assets:** 0.9100%
- **C.17 - Yield as of Reporting Date:** 4.2800%
- **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:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 24: SOCIETE GENERALE SA

- **C.1 - Title:** SOCIETE GENERALE SA
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 83369BUX2, C.4 - ISIN: US83369BUX27, C.3 - LEI: O2RNE8IBXP4R0TD8PU41
- **C.18 - Value (incl. sponsor support):** $84679040.00
- **C.18.a - Value (excl. sponsor support):** $84679040.00
- **C.19 - Percentage of Net Assets:** 1.7600%
- **C.17 - Yield as of Reporting Date:** 4.3900%
- **C.11 - Maturity Date (WAM):** 2025-07-31
- **C.12 - Maturity Date (WAL):** 2025-07-31
- **C.13 - Final Legal Maturity Date:** 2025-07-31
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 25: STANDARD CHARTERED BANK/NEW YORK

- **C.1 - Title:** STANDARD CHARTERED BANK/NEW YORK 4.390000%
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 85325VQZ6, C.4 - ISIN: US85325VQZ66, C.3 - LEI: RILFO74KP1CM8P6PCT96
- **C.18 - Value (incl. sponsor support):** $25018317.50
- **C.18.a - Value (excl. sponsor support):** $25018317.50
- **C.19 - Percentage of Net Assets:** 0.5200%
- **C.17 - Yield as of Reporting Date:** 4.6400%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2026-01-22
- **C.13 - Final Legal Maturity Date:** 2026-01-22
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 26: SUMITOMO MITSUI TRUST BANK LIMITED

- **C.1 - Title:** SUMITOMO MITSUI TRUST BANK LIMITED
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 86563GUN0, C.4 - ISIN: US86563GUN05, C.3 - LEI: 5493006GGLR4BTEL8O61
- **C.18 - Value (incl. sponsor support):** $13773616.17
- **C.18.a - Value (excl. sponsor support):** $13773616.17
- **C.19 - Percentage of Net Assets:** 0.2900%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **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, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 27: SUMITOMO MITSUI TRUST NY

- **C.1 - Title:** SUMITOMO MITSUI TRUST NY 4.450000%
- **C.6 - Investment Category:** Certificate of Deposit
- **Identifiers:** C.3 - CUSIP: 86564TAQ6, C.3 - LEI: 5493006GGLR4BTEL8O61
- **C.18 - Value (incl. sponsor support):** $49999860.00
- **C.18.a - Value (excl. sponsor support):** $49999860.00
- **C.19 - Percentage of Net Assets:** 1.0400%
- **C.17 - Yield as of Reporting Date:** 4.4400%
- **C.11 - Maturity Date (WAM):** 2025-09-12
- **C.12 - Maturity Date (WAL):** 2025-09-12
- **C.13 - Final Legal Maturity Date:** 2025-09-12
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 28: TOTALENERGIES CAPITAL SA

- **C.1 - Title:** TOTALENERGIES CAPITAL SA
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 89152EUB2, C.4 - ISIN: US89152EUB28, C.3 - LEI: 529900QI55ZLJVCMPA71
- **C.18 - Value (incl. sponsor support):** $24966667.50
- **C.18.a - Value (excl. sponsor support):** $24966667.50
- **C.19 - Percentage of Net Assets:** 0.5200%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-07-11
- **C.12 - Maturity Date (WAL):** 2025-07-11
- **C.13 - Final Legal Maturity Date:** 2025-07-11
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 29: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QK6, C.4 - ISIN: US912797QK68, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $34794378.50
- **C.18.a - Value (excl. sponsor support):** $34794378.50
- **C.19 - Percentage of Net Assets:** 0.7200%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-08-19
- **C.12 - Maturity Date (WAL):** 2025-08-19
- **C.13 - Final Legal Maturity Date:** 2025-08-19
- **C.10 - Ratings:** Fitch, Inc.: F1+u; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 30: UNITED STATES TREASURY FLOATING RATE NOTE

- **C.1 - Title:** UNITED STATES TREASURY FLOATING RATE NOTE 4.410000%
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 91282CJD4, C.4 - ISIN: US91282CJD48, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $150052288.50
- **C.18.a - Value (excl. sponsor support):** $150052288.50
- **C.19 - Percentage of Net Assets:** 3.1200%
- **C.17 - Yield as of Reporting Date:** 4.2600%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-10-31
- **C.13 - Final Legal Maturity Date:** 2025-10-31
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 31: NATIONAL BANK OF CANADA MONTREAL

- **C.1 - Title:** NATIONAL BANK OF CANADA MONTREAL 4.320000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: LMNI47227033
- **C.18 - Value (incl. sponsor support):** $235000000.00
- **C.18.a - Value (excl. sponsor support):** $235000000.00
- **C.19 - Percentage of Net Assets:** 4.8800%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 32: CREDIT AGRICOLE CORPORATE & INVESTMENT BANK

- **C.1 - Title:** CREDIT AGRICOLE CORPORATE & INVESTMENT BANK 4.310000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: 1VUV7VQFKUOQSJ21A208, C.5 - Other ID: LMNI47227043
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 0.5200%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 33: SWEDBANK (NEW YORK)

- **C.1 - Title:** SWEDBANK (NEW YORK) 4.300000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: LMNI47227053
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **C.19 - Percentage of Net Assets:** 3.1200%
- **C.17 - Yield as of Reporting Date:** 4.3000%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 34: BANCO SANTANDER SA/NY

- **C.1 - Title:** BANCO SANTANDER SA/NY 4.320000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: 5493006QMFDDMYWIAM13, C.5 - Other ID: LMNI47228023
- **C.18 - Value (incl. sponsor support):** $200000000.00
- **C.18.a - Value (excl. sponsor support):** $200000000.00
- **C.19 - Percentage of Net Assets:** 4.1500%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 35: SKANDINAV ENSKILDA BANK NY

- **C.1 - Title:** SKANDINAV ENSKILDA BANK NY 4.310000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: LMNI47229013
- **C.18 - Value (incl. sponsor support):** $238400000.00
- **C.18.a - Value (excl. sponsor support):** $238400000.00
- **C.19 - Percentage of Net Assets:** 4.9500%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 36: NORDEA BANK AB/NEW YORK

- **C.1 - Title:** NORDEA BANK AB/NEW YORK 4.310000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: LMNI47229023
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **C.19 - Percentage of Net Assets:** 3.1200%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 37: SVENSKA HANDELSBANKEN NY

- **C.1 - Title:** SVENSKA HANDELSBANKEN NY 4.300000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: LMNI47230013
- **C.18 - Value (incl. sponsor support):** $200000000.00
- **C.18.a - Value (excl. sponsor support):** $200000000.00
- **C.19 - Percentage of Net Assets:** 4.1500%
- **C.17 - Yield as of Reporting Date:** 4.3000%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 38: MIZUHO BANK LTD/NY

- **C.1 - Title:** MIZUHO BANK LTD/NY 4.330000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: RB0PEZSDGCO3JS6CEU02, C.5 - Other ID: LMNI47230023
- **C.18 - Value (incl. sponsor support):** $178000000.00
- **C.18.a - Value (excl. sponsor support):** $178000000.00
- **C.19 - Percentage of Net Assets:** 3.7000%
- **C.17 - Yield as of Reporting Date:** 4.3300%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 39: ROYAL BANK CANADA TORONTO

- **C.1 - Title:** ROYAL BANK CANADA TORONTO 4.320000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: LMNI47231013
- **C.18 - Value (incl. sponsor support):** $185000000.00
- **C.18.a - Value (excl. sponsor support):** $185000000.00
- **C.19 - Percentage of Net Assets:** 3.8400%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 40: CANADIAN IMPERIAL BANK OF COMMERCE NY

- **C.1 - Title:** CANADIAN IMPERIAL BANK OF COMMERCE NY 4.320000%
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: 549300H8L46OOZOFHU82, C.5 - Other ID: LMNI47232013
- **C.18 - Value (incl. sponsor support):** $200000000.00
- **C.18.a - Value (excl. sponsor support):** $200000000.00
- **C.19 - Percentage of Net Assets:** 4.1500%
- **C.17 - Yield as of Reporting Date:** 4.3200%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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 41: JP MORGAN SECURITIES, LLC

- **C.1 - Title:** JP MORGAN SECURITIES, LLC 4.530000%
- **C.6 - Investment Category:** Other Repurchase Agreement, if collateral falls outside Treasury, Government Agency and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: ZBUT11V806EZRVTWT807, C.5 - Other ID: LMRP10208033
- **C.18 - Value (incl. sponsor support):** $100000000.00
- **C.18.a - Value (excl. sponsor support):** $100000000.00
- **C.19 - Percentage of Net Assets:** 2.0800%
- **C.17 - Yield as of Reporting Date:** 4.5300%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-07
- **C.13 - Final Legal Maturity Date:** 2025-08-27
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name              | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| ACCO BRANDS CORP         | 2029-03-15      | 4.2500%  | 0.0000% | $3014000.00        | $2681482.96        | Corporate Debt Securities |
| AVIS BUDGET CAR/FINANCE  | 2032-06-15      | 8.3750%  | 0.0000% | $706000.00         | $743579.11         | Corporate Debt Securities |
| BAYTEX ENERGY CORP       | 2030-04-30      | 8.5000%  | 0.0000% | $5846000.00        | $5940510.33        | Corporate Debt Securities |
| CVR PARTNERS/CVR NITROGE | 2028-06-15      | 6.1250%  | 0.0000% | $662000.00         | $660803.16         | Corporate Debt Securities |
| COMSTOCK RESOURCES INC   | 2030-01-15      | 5.8750%  | 0.0000% | $1036000.00        | $1034163.26        | Corporate Debt Securities |
| CONNECT FINCO SARL/CONNE | 2029-09-15      | 9.0000%  | 0.0000% | $1250000.00        | $1287012.50        | Corporate Debt Securities |
| DARLING INGREDIENTS INC  | 2027-04-15      | 5.2500%  | 0.0000% | $5000000.00        | $5045137.50        | Corporate Debt Securities |
| FRONTIER COMMUNICATIONS  | 2028-05-01      | 5.0000%  | 0.0000% | $7706000.00        | $7757125.03        | Corporate Debt Securities |
| GETTY IMAGES INC         | 2030-02-21      | 11.2500% | 0.0000% | $44610624.00       | $45103905.97       | Corporate Debt Securities |
| GOLDMAN SACHS GROUP INC  | 2079-12-31      | 7.5600%  | 0.0000% | $1299000.00        | $1340122.01        | Corporate Debt Securities |
| ICAHN ENTERPRISES/FIN    | 2029-02-01      | 4.3750%  | 0.0000% | $9940000.00        | $8506628.53        | Corporate Debt Securities |
| MOHEGAN TRIBAL / MS DIG  | 2031-04-15      | 11.8750% | 0.0000% | $5324000.00        | $5697259.72        | Corporate Debt Securities |
| NATIONSTAR MTG HLD INC   | 2031-11-15      | 5.7500%  | 0.0000% | $337000.00         | $341969.91         | Corporate Debt Securities |
| BRUNDAGE-BONE CONCRETE   | 2032-02-01      | 7.5000%  | 0.0000% | $1220000.00        | $1240557.00        | Corporate Debt Securities |
| RINGCENTRAL INC          | 2030-08-15      | 8.5000%  | 0.0000% | $2737000.00        | $3011534.78        | Corporate Debt Securities |
| SHUTTERFLY FINANCE LLC   | 2027-10-01      | 9.7500%  | 0.0000% | $7660585.00        | $7720752.51        | Corporate Debt Securities |
| VANTAGE DRILL INTL LTD   | 2028-02-15      | 9.5000%  | 0.0000% | $1330000.00        | $1370731.25        | Corporate Debt Securities |
| VMED O2 UK FINAN         | 2031-07-15      | 4.7500%  | 0.0000% | $552000.00         | $521138.14         | Corporate Debt Securities |
| W & T OFFSHORE INC       | 2029-02-01      | 10.7500% | 0.0000% | $415000.00         | $385289.69         | Corporate Debt Securities |
| WABASH NATIONAL CORP     | 2028-10-15      | 4.5000%  | 0.0000% | $2000.00           | $1837.51           | Corporate Debt Securities |
| WALGREENS BOOTS ALLIANCE | 2046-06-01      | 4.6500%  | 0.0000% | $1120000.00        | $1042536.13        | Corporate Debt Securities |
| ENOVA INTERNATIONAL INC  | 2029-08-01      | 9.1250%  | 0.0000% | $3000.00           | $3277.55           | Corporate Debt Securities |
| INTERFACE INC            | 2028-12-01      | 5.5000%  | 0.0000% | $2000.00           | $1972.42           | Corporate Debt Securities |
| TASEKO MINES LTD         | 2030-05-01      | 8.2500%  | 0.0000% | $5425000.00        | $5758913.27        | Corporate Debt Securities |
| KOHL'S CORPORATION       | 2033-01-15      | 6.0000%  | 0.0000% | $5000.00           | $3150.00           | Corporate Debt Securities |
| FREEDOM MORTGAGE HOLD    | 2031-05-15      | 9.1250%  | 0.0000% | $3181000.00        | $3315544.37        | Corporate Debt Securities |
| ECOPETROL SA             | 2043-09-18      | 7.3750%  | 0.0000% | $1757000.00        | $1499767.88        | Corporate Debt Securities |

### Security 42: FIXED INCOME CLEARING CORP / BNY

- **C.1 - Title:** FIXED INCOME CLEARING CORP / BNY 4.390000%
- **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: 549300H47WTHXPU08X20, C.5 - Other ID: LMRP10210013
- **C.18 - Value (incl. sponsor support):** $400000000.00
- **C.18.a - Value (excl. sponsor support):** $400000000.00
- **C.19 - Percentage of Net Assets:** 8.3100%
- **C.17 - Yield as of Reporting Date:** 4.3900%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** Yes

- **Name of CCP:** FIXED INCOME CLEARING CORPORATION

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

**Collateral:**
| Issuer Name     | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| US TREASURY N/B | 2034-05-15      | 4.3750%  | 0.0000% | $401105500.00      | $408000002.16      | U.S. Treasuries (including strips) |

### Security 43: TD SECURITIES (USA) LLC

- **C.1 - Title:** TD SECURITIES (USA) LLC 4.400000%
- **C.6 - Investment Category:** Other Repurchase Agreement, if collateral falls outside Treasury, Government Agency and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: LMRP10214063
- **C.18 - Value (incl. sponsor support):** $150000000.00
- **C.18.a - Value (excl. sponsor support):** $150000000.00
- **C.19 - Percentage of Net Assets:** 3.1200%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-01
- **C.13 - Final Legal Maturity Date:** 2025-07-01
- **C.10 - Ratings:** Fitch, Inc.: F1+u; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name              | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| ACADEMY LTD              | 2027-11-15      | 6.0000%  | 0.0000% | $12570000.00       | $12688032.30       | Corporate Debt Securities |
| PARAMOUNT GLOBAL         | 2042-07-01      | 4.8500%  | 0.0000% | $10717000.00       | $8657677.84        | Corporate Debt Securities |
| CALIFORNIA RESOURCES CRP | 2029-06-15      | 8.2500%  | 0.0000% | $11814000.00       | $12142517.80       | Corporate Debt Securities |
| ENTEGRIS INC             | 2029-04-15      | 4.7500%  | 0.0000% | $7642000.00        | $7593517.88        | Corporate Debt Securities |
| FORD MOTOR CREDIT CO LLC | 2025-11-13      | 3.3750%  | 0.0000% | $15482000.00       | $15443391.76       | Corporate Debt Securities |
| GFL ENVIRONMENTAL INC    | 2028-08-01      | 4.0000%  | 0.0000% | $15840000.00       | $15617694.40       | Corporate Debt Securities |
| LAMB WESTON HLD          | 2028-05-15      | 4.8750%  | 0.0000% | $14256000.00       | $14218845.30       | Corporate Debt Securities |
| NISSAN MOTOR CO          | 2025-09-17      | 3.5220%  | 0.0000% | $15453000.00       | $15507963.74       | Corporate Debt Securities |
| NOKIA OYJ                | 2027-06-12      | 4.3750%  | 0.0000% | $7455000.00        | $7410102.26        | Corporate Debt Securities |
| OCCIDENTAL PETROLEUM COR | 2026-04-15      | 3.4000%  | 0.0000% | $7453000.00        | $7406369.06        | Corporate Debt Securities |
| RYAN SPECIALTY           | 2032-08-01      | 5.8750%  | 0.0000% | $14720000.00       | $15170667.11       | Corporate Debt Securities |
| TEGNA INC                | 2026-03-15      | 4.7500%  | 0.0000% | $5831000.00        | $5902104.19        | Corporate Debt Securities |
| TELUS CORP               | 2055-10-15      | 7.0000%  | 0.0000% | $7545000.00        | $7589540.65        | Corporate Debt Securities |
| TEVA PHARMACEUTICALS NE  | 2026-10-01      | 3.1500%  | 0.0000% | $6907000.00        | $6821819.42        | Corporate Debt Securities |
| TEVA PHARMACEUTICAL INDU | 2027-05-09      | 4.7500%  | 0.0000% | $6149000.00        | $6168179.76        | Corporate Debt Securities |
| WASH MULTIFAM ACQ INC    | 2026-04-15      | 5.7500%  | 0.0000% | $9571000.00        | $9661820.81        | Corporate Debt Securities |

### Security 44: BNP PARIBAS

- **C.1 - Title:** BNP PARIBAS 4.530000%
- **C.6 - Investment Category:** Other Repurchase Agreement, if collateral falls outside Treasury, Government Agency and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: R0MUWSFPU8MPRO8K5P83, C.5 - Other ID: LMRP8205703
- **C.18 - Value (incl. sponsor support):** $125000000.00
- **C.18.a - Value (excl. sponsor support):** $125000000.00
- **C.19 - Percentage of Net Assets:** 2.6000%
- **C.17 - Yield as of Reporting Date:** 4.5300%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-07-07
- **C.13 - Final Legal Maturity Date:** 2025-11-24
- **C.10 - Ratings:** Fitch, Inc.: F1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: 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

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name              | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| MIZUHO FINANCIAL GROUP   | 2026-04-12      | 3.4770%  | 0.0000% | $6359000.00        | $6361883.81        | Corporate Debt Securities |
| UNIV SOUTHERN CALIFORNIA | 2051-10-01      | 2.9450%  | 0.0000% | $1000.00           | $640.88            | Corporate Debt Securities |
| TOYOTA MOTOR CORP        | 2026-03-25      | 1.3390%  | 0.0000% | $18965000.00       | $18618196.00       | Corporate Debt Securities |
| SIEMENS FINANCIERINGSMAT | 2026-03-11      | 1.2000%  | 0.0000% | $16524000.00       | $16243477.56       | Corporate Debt Securities |
| SIEMENS FINANCIERINGSMAT | 2026-08-17      | 6.1250%  | 0.0000% | $8500000.00        | $8880617.01        | Corporate Debt Securities |
| JPMORGAN CHASE & CO      | 2035-10-22      | 4.9460%  | 0.0000% | $15450000.00       | $15357801.26       | Corporate Debt Securities |
| JPMORGAN CHASE & CO      | 2028-07-22      | 4.9790%  | 0.0000% | $16629000.00       | $17184779.06       | Corporate Debt Securities |
| GOLDMAN SACHS BANK USA   | 2027-05-21      | 5.4140%  | 0.0000% | $17327000.00       | $17555805.92       | Corporate Debt Securities |
| GOLDMAN SACHS GROUP INC  | 2032-07-21      | 2.3830%  | 0.0000% | $14589000.00       | $12866110.83       | Corporate Debt Securities |
| AMAZON.COM INC           | 2025-12-01      | 4.6000%  | 0.0000% | $18095000.00       | $18180689.89       | Corporate Debt Securities |

### Security 45: MUFG SECURITIES AMERICAS INC

- **C.1 - Title:** MUFG SECURITIES AMERICAS INC 4.530000%
- **C.6 - Investment Category:** Other Repurchase Agreement, if collateral falls outside Treasury, Government Agency and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: K5HU16E3LMSVCCJJJ255, C.5 - Other ID: LMRP9816333
- **C.18 - Value (incl. sponsor support):** $100000000.00
- **C.18.a - Value (excl. sponsor support):** $100000000.00
- **C.19 - Percentage of Net Assets:** 2.0800%
- **C.17 - Yield as of Reporting Date:** 4.5300%
- **C.11 - Maturity Date (WAM):** 2025-07-01
- **C.12 - Maturity Date (WAL):** 2025-08-04
- **C.13 - Final Legal Maturity Date:** 2025-08-04
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: 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? Yes, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name                                            | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| ARI Fleet Lease Trust                                  | 2034-03-15      | 4.5900%  | 0.0000% | $2181000.00        | $2192776.31        | Asset-Backed Securities   |
| AutoNation Finance Trust 2025-1                        | 2029-11-13      | 4.6200%  | 0.0000% | $2944000.00        | $2973494.95        | Asset-Backed Securities   |
| AutoNation Finance Trust 2025-1                        | 2030-12-10      | 5.1900%  | 0.0000% | $2000000.00        | $2032096.67        | Asset-Backed Securities   |
| AutoNation Finance Trust 2025-1                        | 2032-09-10      | 5.6300%  | 0.0000% | $2240000.00        | $2275483.34        | Asset-Backed Securities   |
| Avis Budget Rental Car Funding AESOP LLC               | 2028-08-20      | 3.8300%  | 0.0000% | $100000.00         | $98938.29          | Asset-Backed Securities   |
| Avis Budget Rental Car Funding AESOP LLC               | 2030-12-20      | 5.5800%  | 0.0000% | $2500000.00        | $2560555.00        | Asset-Backed Securities   |
| Avis Budget Rental Car Funding AESOP LLC               | 2029-08-20      | 4.8000%  | 0.0000% | $1989000.00        | $2008920.50        | Asset-Backed Securities   |
| Avis Budget Rental Car Funding AESOP LLC               | 2029-08-20      | 5.2400%  | 0.0000% | $1000000.00        | $1011152.56        | Asset-Backed Securities   |
| Avis Budget Rental Car Funding AESOP LLC               | 2031-08-20      | 5.1200%  | 0.0000% | $2500000.00        | $2542488.06        | Asset-Backed Securities   |
| Bank of America Credit Card Trust                      | 2028-05-15      | 4.7900%  | 0.0000% | $2666000.00        | $2682944.65        | Asset-Backed Securities   |
| Barclays Dryrock Issuance Trust                        | 2029-02-15      | 4.7200%  | 0.0000% | $100000.00         | $100442.77         | Asset-Backed Securities   |
| Bridgecrest Lending Auto Securitization Trust          | 2031-03-15      | 5.1700%  | 0.0000% | $2975000.00        | $3009308.20        | Asset-Backed Securities   |
| Bridgecrest Lending Auto Securitization Trust          | 2031-03-15      | 5.6200%  | 0.0000% | $3000000.00        | $3039683.00        | Asset-Backed Securities   |
| CarMax Select Receivables Trust                        | 2028-11-15      | 5.4000%  | 0.0000% | $45000.00          | $45585.00          | Asset-Backed Securities   |
| Carvana Auto Receivables Trust                         | 2027-01-10      | 1.3100%  | 0.0000% | $3742000.00        | $39958.67          | Asset-Backed Securities   |
| Carvana Auto Receivables Trust                         | 2027-01-10      | 0.8000%  | 0.0000% | $375000.00         | $101003.37         | Asset-Backed Securities   |
| Carvana Auto Receivables Trust                         | 2030-08-10      | 4.5500%  | 0.0000% | $1000000.00        | $1007517.06        | Asset-Backed Securities   |
| Carvana Auto Receivables Trust                         | 2031-06-10      | 4.7500%  | 0.0000% | $1500000.00        | $1517409.42        | Asset-Backed Securities   |
| Carvana Auto Receivables Trust                         | 2031-07-10      | 5.1100%  | 0.0000% | $2944000.00        | $2982422.96        | Asset-Backed Securities   |
| Chesapeake Funding II LLC                              | 2035-10-15      | 6.1600%  | 0.0000% | $1716000.00        | $883892.70         | Asset-Backed Securities   |
| Citizens Auto Receivables Trust                        | 2028-02-15      | 5.8300%  | 0.0000% | $594000.00         | $570689.45         | Asset-Backed Securities   |
| Citibank Credit Card Issuance Trust                    | 2029-05-14      | 5.1962%  | 0.0000% | $650000.00         | $657457.46         | Asset-Backed Securities   |
| Citibank Credit Card Issuance Trust                    | 2027-12-08      | 5.2300%  | 0.0000% | $413000.00         | $415602.36         | Asset-Backed Securities   |
| CPS Auto Trust                                         | 2028-06-15      | 4.9100%  | 0.0000% | $500000.00         | $268369.98         | Asset-Backed Securities   |
| Credit Acceptance Auto Loan Trust                      | 2035-03-15      | 5.0200%  | 0.0000% | $95000.00          | $96161.25          | Asset-Backed Securities   |
| Credit Acceptance Auto Loan Trust                      | 2034-03-15      | 5.6800%  | 0.0000% | $575000.00         | $583254.51         | Asset-Backed Securities   |
| Enterprise Fleet Financing LLC                         | 2029-06-20      | 4.4100%  | 0.0000% | $1726000.00        | $1736064.31        | Asset-Backed Securities   |
| Enterprise Fleet Financing LLC                         | 2029-02-20      | 4.8200%  | 0.0000% | $3072000.00        | $3116638.89        | Asset-Backed Securities   |
| Enterprise Fleet Financing LLC                         | 2031-09-20      | 4.9700%  | 0.0000% | $494000.00         | $504937.93         | Asset-Backed Securities   |
| Exeter Select Automobile Receivables Trust             | 2031-09-15      | 6.1400%  | 0.0000% | $1000000.00        | $1028636.33        | Asset-Backed Securities   |
| Ford Credit Floorplan Master Owner Trust               | 2031-04-15      | 5.2400%  | 0.0000% | $250000.00         | $258395.83         | Asset-Backed Securities   |
| Ford Credit Auto Owner Trust/Ford Credit               | 2037-08-15      | 4.8600%  | 0.0000% | $2952000.00        | $3012194.23        | Asset-Backed Securities   |
| General Motors                                         | 2031-03-17      | 5.0600%  | 0.0000% | $2239000.00        | $2295649.68        | Asset-Backed Securities   |
| GM Financial Consumer Automobile Receivables Trust     | 2031-05-16      | 4.4200%  | 0.0000% | $2000000.00        | $2020053.78        | Asset-Backed Securities   |
| GM Financial Revolving Receivables Trust               | 2036-12-11      | 4.9800%  | 0.0000% | $700000.00         | $716534.93         | Asset-Backed Securities   |
| GLS Auto Receivables Trust                             | 2028-03-15      | 4.7500%  | 0.0000% | $1300000.00        | $1303508.92        | Asset-Backed Securities   |
| GLS Auto Receivables Trust                             | 2029-01-16      | 4.7500%  | 0.0000% | $1000000.00        | $1004999.17        | Asset-Backed Securities   |
| GM Financial Consumer Automobile Receivables Trust     | 2029-03-16      | 5.1000%  | 0.0000% | $100000.00         | $101081.23         | Asset-Backed Securities   |
| Hertz Vehicle Financing LLC                            | 2026-06-25      | 1.9900%  | 0.0000% | $7590000.00        | $1265000.00        | Asset-Backed Securities   |
| Hertz Vehicle Financing LLC                            | 2029-09-25      | 5.4500%  | 0.0000% | $1000000.00        | $1011557.94        | Asset-Backed Securities   |
| Hertz Vehicle Financing LLC                            | 2031-09-25      | 5.6600%  | 0.0000% | $2000000.00        | $2010654.22        | Asset-Backed Securities   |
| Hertz Vehicle Financing LLC                            | 2031-09-25      | 6.4000%  | 0.0000% | $3000000.00        | $2978081.67        | Asset-Backed Securities   |
| Honda Auto Receivables Owner Trust                     | 2027-08-23      | 4.5300%  | 0.0000% | $986000.00         | $987990.24         | Asset-Backed Securities   |
| Hyundai Auto Receivables Trust                         | 2030-07-15      | 4.7200%  | 0.0000% | $2840000.00        | $2868011.24        | Asset-Backed Securities   |
| Lendbuzz Securitization Trust                          | 2030-11-15      | 5.0300%  | 0.0000% | $635000.00         | $639717.31         | Asset-Backed Securities   |
| Navistar Financial Dealer Note Master Trust            | 2029-04-25      | 5.5900%  | 0.0000% | $2139000.00        | $2158091.41        | Asset-Backed Securities   |
| Octane Receivables Trust                               | 2049-01-22      | 5.5200%  | 0.0000% | $1000000.00        | $1011370.33        | Asset-Backed Securities   |
| Porsche Innovative Lease Owner Trust                   | 2028-10-20      | 4.6100%  | 0.0000% | $2500000.00        | $2524421.39        | Asset-Backed Securities   |
| SFS Auto Receivables Securitization Trust              | 2033-04-20      | 5.0500%  | 0.0000% | $2630000.00        | $2646283.35        | Asset-Backed Securities   |
| SFS Auto Receivables Securitization Trust              | 2029-05-21      | 4.9500%  | 0.0000% | $590000.00         | $593349.43         | Asset-Backed Securities   |
| SFS Auto Receivables Securitization Trust              | 2031-02-20      | 5.1100%  | 0.0000% | $2938000.00        | $3003010.43        | Asset-Backed Securities   |
| Stellantis Financial Underwritten Enhanced Lease Trust | 2028-07-20      | 4.4700%  | 0.0000% | $3000000.00        | $3014405.00        | Asset-Backed Securities   |
| Synchrony Card Issuance Trust                          | 2030-03-15      | 5.0400%  | 0.0000% | $85000.00          | $86285.12          | Asset-Backed Securities   |
| Trillium Credit Card Trust II                          | 2028-08-28      | 5.2029%  | 0.0000% | $1200000.00        | $1201533.96        | Asset-Backed Securities   |
| World Omni Auto Receivables Trust                      | 2029-05-15      | 4.6800%  | 0.0000% | $100000.00         | $100780.20         | Asset-Backed Securities   |
| NATIONAL RURAL UTILS COOP FIN                          | 2025-08-04      | 0.0000%  | 0.0000% | $24981897.00       | $24866980.27       | Corporate Debt Securities |

## N-MFP: Signatures

**Registrant:** Master Portfolio Trust

**Date:** 2025-07-08

**By:** /s/Christopher Berarducci

**Name of Signing Officer:** Christopher Berarducci

**Title of Signing Officer:** Principal Financial Officer