# EDGAR Filing Document

**Accession Number:** 0001890141
**File Stem:** 0001752724-25-132248
**Filing Date:** 2025-6
**Character Count:** 104387
**Document Hash:** 911d64be7486031691266b01387fcc14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-132248.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0001752724-25-132248

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First American Funds Trust
- **CENTRAL INDEX KEY:** 0001890141

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23751
- **FILM NUMBER:** 251030359

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 6123037987

**MAIL ADDRESS:**
- **STREET 1:** 800 NICOLETT MALL
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

## Series and Classes Contracts Data

### Institutional Prime Obligations Fund (Series ID: S000074976)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233541 | Class Z      | FPZXX           |
| C000233542 | Class Y      | FAIXX           |
| C000233543 | Class T      | FIUXX           |
| C000233544 | Class V      | FPIXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0001890141

### General Information

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

**Registrant Full Name:** First American Funds Trust

**CIK Number of Registrant:** 0001890141

**LEI of Registrant:** 25490017KPKDZG189N19

**Name of Series:** Institutional Prime Obligations Fund

**LEI of Series:** 254900U4GHC21FP8W425

**EDGAR Series Identifier:** S000074976

**Total number of share classes in the series:** 4

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

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

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

### Service Providers
| Role                          | Details                                              | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | U.S. Bancorp Asset Management, Inc.                  | 801-60125         |
| Independent Public Accountant | Ernst & Young, LLP<br>City: Minneapolis<br>State: MN |  |
| Administrator                 | U.S. Bancorp Asset Management, Inc.                  |  |
| Transfer Agent                | U.S. Bancorp Fund Services, LLC<br>CIK: 0001094770   | 085-11357         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 333-260527

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

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

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

- **Money Market Fund Category:** Prime

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

- **WAM:** 3 days

- **WAL:** 4 days

- **Total Value of Portfolio Securities:** $1239177587.00

- **Amortized Cost of Portfolio Securities:** $0.00

- **Cash:** $628.21

- **Total Other Assets:** $647518.49

- **Total Liabilities:** $5005902.09

- **Net Assets of Series:** $1234819831.61

- **Number of Shares Outstanding (Series):** 1234659371.3700

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

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-05-01 | $968928978.86             | $1265652726.56             | 76.5000%                  | 100.0000%                  |
| 2025-05-02 | $955618248.99             | $1307779214.57             | 73.0000%                  | 100.0000%                  |
| 2025-05-05 | $964217154.38             | $1303916486.82             | 73.9000%                  | 100.0000%                  |
| 2025-05-06 | $976462925.49             | $1291144149.42             | 75.6000%                  | 100.0000%                  |
| 2025-05-07 | $953935331.12             | $1299476595.62             | 73.4000%                  | 100.0000%                  |
| 2025-05-08 | $921980456.68             | $1252515414.93             | 73.6000%                  | 100.0000%                  |
| 2025-05-09 | $985197788.42             | $1288245012.92             | 76.5000%                  | 100.0000%                  |
| 2025-05-12 | $1041658301.25            | $1309765562.15             | 79.5000%                  | 100.0000%                  |
| 2025-05-13 | $960502657.34             | $1313556815.19             | 73.1000%                  | 100.0000%                  |
| 2025-05-14 | $975492446.32             | $1328507209.32             | 73.4000%                  | 100.0000%                  |
| 2025-05-15 | $967264383.98             | $1310280677.98             | 73.8000%                  | 100.0000%                  |
| 2025-05-16 | $765011174.43             | $1252925624.93             | 61.0000%                  | 100.0000%                  |
| 2025-05-19 | $829863585.91             | $1232939705.91             | 67.3000%                  | 100.0000%                  |
| 2025-05-20 | $804800222.04             | $1202824198.04             | 66.9000%                  | 100.0000%                  |
| 2025-05-21 | $803054257.75             | $1201085098.25             | 66.8000%                  | 100.0000%                  |
| 2025-05-22 | $965998175.42             | $1259045000.42             | 76.7000%                  | 100.0000%                  |
| 2025-05-23 | $945244703.97             | $1308214377.47             | 72.2000%                  | 100.0000%                  |
| 2025-05-27 | $1068973825.39            | $1432061448.39             | 74.6000%                  | 100.0000%                  |
| 2025-05-28 | $920874422.02             | $1283967328.02             | 71.7000%                  | 100.0000%                  |
| 2025-05-29 | $1146608407.87            | $1314742129.87             | 87.2000%                  | 100.0000%                  |
| 2025-05-30 | $981108628.21             | $1239178215.21             | 79.1000%                  | 99.9000%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-05-01 | 4.4900%             |
| 2025-05-02 | 4.4900%             |
| 2025-05-05 | 4.4800%             |
| 2025-05-06 | 4.4800%             |
| 2025-05-07 | 4.4800%             |
| 2025-05-08 | 4.4700%             |
| 2025-05-09 | 4.4600%             |
| 2025-05-12 | 4.4600%             |
| 2025-05-13 | 4.4600%             |
| 2025-05-14 | 4.4600%             |
| 2025-05-15 | 4.4500%             |
| 2025-05-16 | 4.4600%             |
| 2025-05-19 | 4.4700%             |
| 2025-05-20 | 4.4700%             |
| 2025-05-21 | 4.4700%             |
| 2025-05-22 | 4.4700%             |
| 2025-05-23 | 4.4600%             |
| 2025-05-27 | 4.4600%             |
| 2025-05-28 | 4.4600%             |
| 2025-05-29 | 4.4600%             |
| 2025-05-30 | 4.4800%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-05-01 | 1.0002                      |
|  |  |
| 2025-05-02 | 1.0001                      |
|  |  |
| 2025-05-05 | 1.0002                      |
|  |  |
| 2025-05-06 | 1.0002                      |
|  |  |
| 2025-05-07 | 1.0002                      |
|  |  |
| 2025-05-08 | 1.0002                      |
|  |  |
| 2025-05-09 | 1.0001                      |
|  |  |
| 2025-05-12 | 1.0002                      |
|  |  |
| 2025-05-13 | 1.0002                      |
|  |  |
| 2025-05-14 | 1.0002                      |
|  |  |
| 2025-05-15 | 1.0002                      |
|  |  |
| 2025-05-16 | 1.0001                      |
|  |  |
| 2025-05-19 | 1.0002                      |
|  |  |
| 2025-05-20 | 1.0002                      |
|  |  |
| 2025-05-21 | 1.0002                      |
|  |  |
| 2025-05-22 | 1.0002                      |
|  |  |
| 2025-05-23 | 1.0000                      |
|  |  |
| 2025-05-27 | 1.0002                      |
|  |  |
| 2025-05-28 | 1.0002                      |
|  |  |
| 2025-05-29 | 1.0002                      |
|  |  |
| 2025-05-30 | 1.0001                      |
|  |  |

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

### Class: Class Y

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $184096685.62

- **Number of Shares Outstanding:** 184056078.8500

- **Expense Reimbursement/Waiver:** 5966.04

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 1.0003          |
|  |  |
| 2025-05-02 | 1.0003          |
|  |  |
| 2025-05-05 | 1.0003          |
|  |  |
| 2025-05-06 | 1.0003          |
|  |  |
| 2025-05-07 | 1.0003          |
|  |  |
| 2025-05-08 | 1.0003          |
|  |  |
| 2025-05-09 | 1.0003          |
|  |  |
| 2025-05-12 | 1.0003          |
|  |  |
| 2025-05-13 | 1.0003          |
|  |  |
| 2025-05-14 | 1.0003          |
|  |  |
| 2025-05-15 | 1.0003          |
|  |  |
| 2025-05-16 | 1.0003          |
|  |  |
| 2025-05-19 | 1.0003          |
|  |  |
| 2025-05-20 | 1.0003          |
|  |  |
| 2025-05-21 | 1.0003          |
|  |  |
| 2025-05-22 | 1.0003          |
|  |  |
| 2025-05-23 | 1.0003          |
|  |  |
| 2025-05-27 | 1.0003          |
|  |  |
| 2025-05-28 | 1.0003          |
|  |  |
| 2025-05-29 | 1.0003          |
|  |  |
| 2025-05-30 | 1.0003          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $4180248.71               | $6411486.85             |
| 2025-05-02 | $820224.66                | $2385859.65             |
| 2025-05-05 | $1242758.44               | $2759687.87             |
| 2025-05-06 | $1725122.04               | $1285070.01             |
| 2025-05-07 | $17429618.89              | $851649.34              |
| 2025-05-08 | $13811577.59              | $895071.97              |
| 2025-05-09 | $1326012.56               | $10878823.60            |
| 2025-05-12 | $2281168.47               | $8791945.67             |
| 2025-05-13 | $746765.70                | $12397642.65            |
| 2025-05-14 | $1105575.15               | $1636879.27             |
| 2025-05-15 | $10174823.07              | $6005130.12             |
| 2025-05-16 | $4945964.55               | $1743805.60             |
| 2025-05-19 | $3373448.69               | $2974683.02             |
| 2025-05-20 | $833175.02                | $6737881.40             |
| 2025-05-21 | $8830103.00               | $3608860.02             |
| 2025-05-22 | $19725239.56              | $8192403.35             |
| 2025-05-23 | $14183180.68              | $3490723.48             |
| 2025-05-27 | $24298423.85              | $1649515.13             |
| 2025-05-28 | $8519875.85               | $44587278.82            |
| 2025-05-29 | $4553239.09               | $7272103.46             |
| 2025-05-30 | $1042431.03               | $11796194.25            |

**Total Gross Subscriptions (Month):** $145148976.60

**Total Gross Redemptions (Month):** $146352695.53

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.0400%           |
| 2025-05-02 | 4.0400%           |
| 2025-05-05 | 4.0300%           |
| 2025-05-06 | 4.0300%           |
| 2025-05-07 | 4.0300%           |
| 2025-05-08 | 4.0200%           |
| 2025-05-09 | 4.0100%           |
| 2025-05-12 | 4.0100%           |
| 2025-05-13 | 4.0100%           |
| 2025-05-14 | 4.0100%           |
| 2025-05-15 | 4.0000%           |
| 2025-05-16 | 4.0100%           |
| 2025-05-19 | 4.0200%           |
| 2025-05-20 | 4.0200%           |
| 2025-05-21 | 4.0200%           |
| 2025-05-22 | 4.0200%           |
| 2025-05-23 | 4.0100%           |
| 2025-05-27 | 4.0100%           |
| 2025-05-28 | 4.0100%           |
| 2025-05-29 | 4.0100%           |
| 2025-05-30 | 4.0300%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 27.0700%         | 0.0000%              |
| Depository institution or other banking institution |  | 72.3100%         | 0.0000%              |

### Class: Class V

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $74821791.11

- **Number of Shares Outstanding:** 74807990.5900

- **Expense Reimbursement/Waiver:** 2320.06

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 1.0003          |
|  |  |
| 2025-05-02 | 1.0003          |
|  |  |
| 2025-05-05 | 1.0003          |
|  |  |
| 2025-05-06 | 1.0003          |
|  |  |
| 2025-05-07 | 1.0003          |
|  |  |
| 2025-05-08 | 1.0003          |
|  |  |
| 2025-05-09 | 1.0003          |
|  |  |
| 2025-05-12 | 1.0003          |
|  |  |
| 2025-05-13 | 1.0003          |
|  |  |
| 2025-05-14 | 1.0003          |
|  |  |
| 2025-05-15 | 1.0003          |
|  |  |
| 2025-05-16 | 1.0003          |
|  |  |
| 2025-05-19 | 1.0003          |
|  |  |
| 2025-05-20 | 1.0003          |
|  |  |
| 2025-05-21 | 1.0003          |
|  |  |
| 2025-05-22 | 1.0003          |
|  |  |
| 2025-05-23 | 1.0003          |
|  |  |
| 2025-05-27 | 1.0002          |
|  |  |
| 2025-05-28 | 1.0002          |
|  |  |
| 2025-05-29 | 1.0002          |
|  |  |
| 2025-05-30 | 1.0002          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $1398267.09               | $100955.17              |
| 2025-05-02 | $4364869.72               | $80456.99               |
| 2025-05-05 | $14458.28                 | $0.00                   |
| 2025-05-06 | $187546.80                | $501431.59              |
| 2025-05-07 | $32422.25                 | $175616.00              |
| 2025-05-08 | $40123.42                 | $364588.55              |
| 2025-05-09 | $3695581.56               | $43564.57               |
| 2025-05-12 | $0.00                     | $1201214.89             |
| 2025-05-13 | $9601.36                  | $1554155.49             |
| 2025-05-14 | $919288.56                | $0.00                   |
| 2025-05-15 | $475460.99                | $8130.62                |
| 2025-05-16 | $181455.36                | $21910.79               |
| 2025-05-19 | $65943.50                 | $71582.82               |
| 2025-05-20 | $148284.79                | $88810.72               |
| 2025-05-21 | $222.50                   | $1383818.16             |
| 2025-05-22 | $40929.09                 | $153920.00              |
| 2025-05-23 | $11667.71                 | $495541.72              |
| 2025-05-27 | $704739.44                | $607859.80              |
| 2025-05-28 | $1122794.20               | $0.00                   |
| 2025-05-29 | $0.00                     | $743537.59              |
| 2025-05-30 | $109191.18                | $242260.13              |

**Total Gross Subscriptions (Month):** $13522847.80

**Total Gross Redemptions (Month):** $7839355.60

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.1800%           |
| 2025-05-02 | 4.1900%           |
| 2025-05-05 | 4.1800%           |
| 2025-05-06 | 4.1800%           |
| 2025-05-07 | 4.1800%           |
| 2025-05-08 | 4.1700%           |
| 2025-05-09 | 4.1600%           |
| 2025-05-12 | 4.1600%           |
| 2025-05-13 | 4.1600%           |
| 2025-05-14 | 4.1500%           |
| 2025-05-15 | 4.1500%           |
| 2025-05-16 | 4.1600%           |
| 2025-05-19 | 4.1700%           |
| 2025-05-20 | 4.1700%           |
| 2025-05-21 | 4.1700%           |
| 2025-05-22 | 4.1700%           |
| 2025-05-23 | 4.1600%           |
| 2025-05-27 | 4.1600%           |
| 2025-05-28 | 4.1600%           |
| 2025-05-29 | 4.1600%           |
| 2025-05-30 | 4.1800%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 6.5000%          | 0.0000%              |
| Depository institution or other banking institution |  | 93.5000%         | 0.0000%              |

### Class: Class Z

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $922886525.92

- **Number of Shares Outstanding:** 922785066.3700

- **Expense Reimbursement/Waiver:** 29515.22

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 1.0002          |
|  |  |
| 2025-05-02 | 1.0002          |
|  |  |
| 2025-05-05 | 1.0002          |
|  |  |
| 2025-05-06 | 1.0002          |
|  |  |
| 2025-05-07 | 1.0002          |
|  |  |
| 2025-05-08 | 1.0002          |
|  |  |
| 2025-05-09 | 1.0002          |
|  |  |
| 2025-05-12 | 1.0002          |
|  |  |
| 2025-05-13 | 1.0002          |
|  |  |
| 2025-05-14 | 1.0002          |
|  |  |
| 2025-05-15 | 1.0002          |
|  |  |
| 2025-05-16 | 1.0002          |
|  |  |
| 2025-05-19 | 1.0002          |
|  |  |
| 2025-05-20 | 1.0002          |
|  |  |
| 2025-05-21 | 1.0002          |
|  |  |
| 2025-05-22 | 1.0002          |
|  |  |
| 2025-05-23 | 1.0002          |
|  |  |
| 2025-05-27 | 1.0002          |
|  |  |
| 2025-05-28 | 1.0002          |
|  |  |
| 2025-05-29 | 1.0002          |
|  |  |
| 2025-05-30 | 1.0002          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $11230337.35              | $131707016.48           |
| 2025-05-02 | $44547523.54              | $5397229.06             |
| 2025-05-05 | $3437219.37               | $5933582.57             |
| 2025-05-06 | $3136485.50               | $13100333.77            |
| 2025-05-07 | $3931069.87               | $9367700.47             |
| 2025-05-08 | $4599800.62               | $64420426.02            |
| 2025-05-09 | $45429528.24              | $3336414.00             |
| 2025-05-12 | $47137947.34              | $15944738.39            |
| 2025-05-13 | $52766388.89              | $36560855.09            |
| 2025-05-14 | $19716938.68              | $5659597.93             |
| 2025-05-15 | $76675156.43              | $100239831.19           |
| 2025-05-16 | $36471930.14              | $97506644.51            |
| 2025-05-19 | $18356928.03              | $43685313.42            |
| 2025-05-20 | $3107634.41               | $25496296.61            |
| 2025-05-21 | $8534763.21               | $13625351.03            |
| 2025-05-22 | $53705290.16              | $7244783.03             |
| 2025-05-23 | $56388929.20              | $17900636.62            |
| 2025-05-27 | $116352042.26             | $16152538.07            |
| 2025-05-28 | $4710806.87               | $118513101.81           |
| 2025-05-29 | $68005267.59              | $33679414.49            |
| 2025-05-30 | $18775416.61              | $80546106.68            |

**Total Gross Subscriptions (Month):** $697017404.31

**Total Gross Redemptions (Month):** $846017911.24

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.2900%           |
| 2025-05-02 | 4.2900%           |
| 2025-05-05 | 4.2800%           |
| 2025-05-06 | 4.2800%           |
| 2025-05-07 | 4.2800%           |
| 2025-05-08 | 4.2700%           |
| 2025-05-09 | 4.2600%           |
| 2025-05-12 | 4.2600%           |
| 2025-05-13 | 4.2600%           |
| 2025-05-14 | 4.2500%           |
| 2025-05-15 | 4.2500%           |
| 2025-05-16 | 4.2600%           |
| 2025-05-19 | 4.2700%           |
| 2025-05-20 | 4.2700%           |
| 2025-05-21 | 4.2700%           |
| 2025-05-22 | 4.2700%           |
| 2025-05-23 | 4.2600%           |
| 2025-05-27 | 4.2600%           |
| 2025-05-28 | 4.2600%           |
| 2025-05-29 | 4.2600%           |
| 2025-05-30 | 4.2800%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 95.0100%         | 0.0000%              |

### Class: Class T

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $53014828.96

- **Number of Shares Outstanding:** 53010235.5600

- **Expense Reimbursement/Waiver:** 1711.80

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-05-01 | 1.0002          |
|  |  |
| 2025-05-02 | 1.0002          |
|  |  |
| 2025-05-05 | 1.0002          |
|  |  |
| 2025-05-06 | 1.0002          |
|  |  |
| 2025-05-07 | 1.0002          |
|  |  |
| 2025-05-08 | 1.0002          |
|  |  |
| 2025-05-09 | 1.0002          |
|  |  |
| 2025-05-12 | 1.0002          |
|  |  |
| 2025-05-13 | 1.0002          |
|  |  |
| 2025-05-14 | 1.0002          |
|  |  |
| 2025-05-15 | 1.0002          |
|  |  |
| 2025-05-16 | 1.0002          |
|  |  |
| 2025-05-19 | 1.0002          |
|  |  |
| 2025-05-20 | 1.0002          |
|  |  |
| 2025-05-21 | 1.0002          |
|  |  |
| 2025-05-22 | 1.0002          |
|  |  |
| 2025-05-23 | 1.0002          |
|  |  |
| 2025-05-27 | 1.0002          |
|  |  |
| 2025-05-28 | 1.0001          |
|  |  |
| 2025-05-29 | 1.0001          |
|  |  |
| 2025-05-30 | 1.0001          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-05-01 | $3477557.40               | $2036459.71             |
| 2025-05-02 | $258538.61                | $139824.05              |
| 2025-05-05 | $2020156.69               | $2124436.90             |
| 2025-05-06 | $1167981.89               | $4269122.30             |
| 2025-05-07 | $672021.50                | $3485941.24             |
| 2025-05-08 | $154295.54                | $35627.64               |
| 2025-05-09 | $317978.46                | $923377.19              |
| 2025-05-12 | $26781.12                 | $2428663.41             |
| 2025-05-13 | $1073793.01               | $442774.79              |
| 2025-05-14 | $403258.24                | $44885.36               |
| 2025-05-15 | $996614.42                | $449545.19              |
| 2025-05-16 | $295785.38                | $120417.51              |
| 2025-05-19 | $4597013.69               | $77425.15               |
| 2025-05-20 | $2265843.94               | $4284400.23             |
| 2025-05-21 | $218395.68                | $845052.66              |
| 2025-05-22 | $375646.65                | $432154.63              |
| 2025-05-23 | $1464217.57               | $1136087.89             |
| 2025-05-27 | $371263.44                | $66519.96               |
| 2025-05-28 | $640006.12                | $151982.24              |
| 2025-05-29 | $844058.77                | $1079953.56             |
| 2025-05-30 | $55007.26                 | $3112113.75             |

**Total Gross Subscriptions (Month):** $21696215.38

**Total Gross Redemptions (Month):** $27686765.36

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-05-01 | 4.0800%           |
| 2025-05-02 | 4.0900%           |
| 2025-05-05 | 4.0800%           |
| 2025-05-06 | 4.0800%           |
| 2025-05-07 | 4.0800%           |
| 2025-05-08 | 4.0700%           |
| 2025-05-09 | 4.0600%           |
| 2025-05-12 | 4.0600%           |
| 2025-05-13 | 4.0600%           |
| 2025-05-14 | 4.0500%           |
| 2025-05-15 | 4.0500%           |
| 2025-05-16 | 4.0600%           |
| 2025-05-19 | 4.0700%           |
| 2025-05-20 | 4.0700%           |
| 2025-05-21 | 4.0700%           |
| 2025-05-22 | 4.0700%           |
| 2025-05-23 | 4.0600%           |
| 2025-05-27 | 4.0600%           |
| 2025-05-28 | 4.0600%           |
| 2025-05-29 | 4.0600%           |
| 2025-05-30 | 4.0800%           |

**Beneficial/Record Owner Categories**
| Category                                            | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Depository institution or other banking institution |  | 98.7000%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: TD Securities (USA) LLC

- **C.1 - Title:** TD Securities (USA) LLC
- **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: RPEN2MP79
- **C.18 - Value (incl. sponsor support):** $45000000.00
- **C.18.a - Value (excl. sponsor support):** $45000000.00
- **C.19 - Percentage of Net Assets:** 3.6400%
- **C.17 - Yield as of Reporting Date:** 4.4600%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Standard and Poors Long: A+; Standard and Poors Short: 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?:** Yes

**Collateral:**
| Issuer Name                                                  | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                                          |
|:---|:---|:---|:---|:---|:---|:---|
| CHICAGO ILL O HARE INTL ARPT R GEN ARPT SR LIEN REV REF D    | 2052-01-01      | 5.0000%  | 4.4000% | $2210000.00        | $2217523.82        | Other Instrument                                  |
| METROPOLITAN GOVT NASHVILLE &  TOURISM TAX REV BDS      2010 | 2043-07-01      | 7.4310%  | 4.4000% | $610000.00         | $698777.01         | Other Instrument                                  |
| MASSACHUSETTS ST               GO BDS                   2025 | 2050-04-01      | 5.0000%  | 4.4000% | $27255000.00       | $28065957.38       | Other Instrument                                  |
| TEXAS WTR DEV BRD REV          ST IMPLEMENTATION FD RES 2024 | 2053-10-15      | 5.0000%  | 4.4000% | $5900000.00        | $6077118.00        | Other Instrument                                  |
| Federal Home Loan Mortgage Corp                              | 2029-01-25      | 5.4000%  | 4.4000% | $6975000.00        | $7237008.90        | Private Label Collateralized Mortgage Obligations |
| MASSACHUSETTS ST DEV FIN AGY R BDS                      2024 | 2033-02-15      | 5.0000%  | 4.4000% | $2625000.00        | $2955233.75        | Other Instrument                                  |

### Security 2: ING Financial Markets LLC

- **C.1 - Title:** ING Financial Markets LLC
- **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: RPEV07GS0
- **C.18 - Value (incl. sponsor support):** $45000000.00
- **C.18.a - Value (excl. sponsor support):** $45000000.00
- **C.19 - Percentage of Net Assets:** 3.6400%
- **C.17 - Yield as of Reporting Date:** 4.4100%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Fitch Short: F1+; Standard and Poors Long: A+; Moodys Short: P-1; Standard and Poors Short: 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?:** Yes

**Collateral:**
| Issuer Name                                 | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category   |
|:---|:---|:---|:---|:---|:---|:---|
| PLANET LABS PBC                COM CL A     | 2500-12-31      | 0.0000%  | 4.3500% | $6055.00           | $23856.70          | Equities   |
| COSTCO WHSL CORP NEW           COM          | 2500-12-31      | 0.0000%  | 4.3500% | $137.00            | $138197.38         | Equities   |
| BANK7 CORP                     COM          | 2500-12-31      | 0.0000%  | 4.3500% | $7.00              | $273.28            | Equities   |
| BROADCOM INC                   COM          | 2500-12-31      | 0.0000%  | 4.3500% | $685.00            | $165749.45         | Equities   |
| RPC INC                        COM          | 2500-12-31      | 0.0000%  | 4.3500% | $14.00             | $63.70             | Equities   |
| MASTERCARD INCORPORATED        CL A         | 2500-12-31      | 0.0000%  | 4.3500% | $2796.00           | $1615472.88        | Equities   |
| COGNIZANT TECHNOLOGY SOLUTIONS CL A         | 2500-12-31      | 0.0000%  | 4.3500% | $237.00            | $19114.05          | Equities   |
| RICHARDSON ELECTRS LTD         COM          | 2500-12-31      | 0.0000%  | 4.3500% | $21643.00          | $198249.88         | Equities   |
| DEXCOM INC                     COM          | 2500-12-31      | 0.0000%  | 4.3500% | $338.00            | $28682.68          | Equities   |
| BIOTE CORP                     CLASS A COM  | 2500-12-31      | 0.0000%  | 4.3500% | $2.00              | $7.19              | Equities   |
| ACRIVON THERAPEUTICS INC       COMMON STOCK | 2500-12-31      | 0.0000%  | 4.3500% | $2.00              | $2.20              | Equities   |
| SALESFORCE INC                 COM          | 2500-12-31      | 0.0000%  | 4.3500% | $2.00              | $533.84            | Equities   |
| MICROSOFT CORP                 COM          | 2500-12-31      | 0.0000%  | 4.3500% | $1032.00           | $473357.76         | Equities   |
| HUDSON PAC PPTYS INC           COM          | 2500-12-31      | 0.0000%  | 4.3500% | $4640.00           | $9187.20           | Equities   |
| SIMON PPTY GROUP INC NEW       COM          | 2500-12-31      | 0.0000%  | 4.3500% | $82.00             | $13384.86          | Equities   |
| LEXEO THERAPEUTICS INC         COM          | 2500-12-31      | 0.0000%  | 4.3500% | $47.00             | $134.89            | Equities   |
| NAVIENT CORPORATION            COM          | 2500-12-31      | 0.0000%  | 4.3500% | $52.00             | $706.68            | Equities   |
| NVIDIA CORPORATION             COM          | 2500-12-31      | 0.0000%  | 4.3500% | $19401.00          | $2700425.19        | Equities   |
| BRIDGEWATER BANCSHARES INC     COM          | 2500-12-31      | 0.0000%  | 4.3500% | $9456.00           | $138908.64         | Equities   |
| SEMTECH CORP                   COM          | 2500-12-31      | 0.0000%  | 4.3500% | $28066.00          | $1003640.16        | Equities   |
| NEKTAR THERAPEUTICS            COM          | 2500-12-31      | 0.0000%  | 4.3500% | $3.00              | $2.22              | Equities   |
| JPMORGAN CHASE & CO.           COM          | 2500-12-31      | 0.0000%  | 4.3500% | $393.00            | $103897.41         | Equities   |
| APPLE INC                      COM          | 2500-12-31      | 0.0000%  | 4.3500% | $197316.00         | $39453334.20       | Equities   |
| RIMINI STR INC DEL             COM          | 2500-12-31      | 0.0000%  | 4.3500% | $46.00             | $143.98            | Equities   |
| COMERICA INC                   COM          | 2500-12-31      | 0.0000%  | 4.3500% | $6.00              | $344.88            | Equities   |
| AMAZON COM INC                 COM          | 2500-12-31      | 0.0000%  | 4.3500% | $697.00            | $143372.90         | Equities   |
| AMBARELLA INC                  SHS          | 2500-12-31      | 0.0000%  | 4.3500% | $8336.00           | $516832.00         | Equities   |
| NORTHWEST PIPE CO              COM          | 2500-12-31      | 0.0000%  | 4.3500% | $239.00            | $9409.43           | Equities   |
| BOOT BARN HLDGS INC            COM          | 2500-12-31      | 0.0000%  | 4.3500% | $1410.00           | $224514.30         | Equities   |
| SANA BIOTECHNOLOGY INC         COM          | 2500-12-31      | 0.0000%  | 4.3500% | $11.00             | $24.97             | Equities   |
| DEFINITIVE HEALTHCARE CORP     CLASS A COM  | 2500-12-31      | 0.0000%  | 4.3500% | $4504.00           | $14728.08          | Equities   |
| DISNEY WALT CO                 COM          | 2500-12-31      | 0.0000%  | 4.3500% | $2262.00           | $253389.24         | Equities   |
| MOELIS & CO                    CL A         | 2500-12-31      | 0.0000%  | 4.3500% | $1.00              | $57.86             | Equities   |

### Security 3: HSBC Securities (USA), Inc.

- **C.1 - Title:** HSBC Securities (USA), Inc.
- **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: RPEO2MLC0
- **C.18 - Value (incl. sponsor support):** $43000000.00
- **C.18.a - Value (excl. sponsor support):** $43000000.00
- **C.19 - Percentage of Net Assets:** 3.4800%
- **C.17 - Yield as of Reporting Date:** 4.4900%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Standard and Poors Short: A-1; Standard and Poors Long: A+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name                                     | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| UDR INC                        FR 4.4%012629    | 2029-01-26      | 4.4000%  | 4.4300% | $494000.00         | $497055.66         | Corporate Debt Securities |
| DEUTSCHE BK AG N Y             SNR NPF GLBL D35 | 2035-09-11      | 5.4030%  | 4.4300% | $159000.00         | $156819.57         | Corporate Debt Securities |
| SAFEHOLD OPER PARTNERSHIP LP   SR GLBL NT2.8%31 | 2031-06-15      | 2.8000%  | 4.4300% | $15750000.00       | $14013772.49       | Corporate Debt Securities |
| APPALACHIAN PWR CO             SR GLBL CC NT 34 | 2034-04-01      | 5.6500%  | 4.4300% | $2445000.00        | $2485904.17        | Corporate Debt Securities |
| BROADCOM INC                   SR GLBL 144A 33  | 2033-04-15      | 3.4190%  | 4.4300% | $900000.00         | $805836.38         | Corporate Debt Securities |
| GOLDMAN SACHS GROUP INC        SR GLBL NT 42    | 2042-04-22      | 3.2100%  | 4.4300% | $374000.00         | $272578.06         | Corporate Debt Securities |
| ABBVIE INC                     GLBL NT 5.35%44  | 2044-03-15      | 5.3500%  | 4.4300% | $11460000.00       | $11084293.45       | Corporate Debt Securities |
| ELEVANCE HEALTH INC            SR GLBL NT5.1%44 | 2044-01-15      | 5.1000%  | 4.4300% | $199000.00         | $181061.15         | Corporate Debt Securities |
| WELLS FARGO & CO               FR 4.478%040431  | 2031-04-04      | 4.4780%  | 4.4300% | $2198000.00        | $2173417.08        | Corporate Debt Securities |
| CMS ENERGY CORP                SR GLBL NT 44    | 2044-03-01      | 4.8750%  | 4.4300% | $266000.00         | $233351.71         | Corporate Debt Securities |
| CANADIAN NAT RES LTD MED TERM  SR GLBL 144A 29  | 2029-12-15      | 5.0000%  | 4.4300% | $4978000.00        | $5072814.31        | Corporate Debt Securities |
| MORGAN STANLEY                 FR 5.23%011531   | 2031-01-15      | 5.2300%  | 4.4300% | $2125000.00        | $2194850.52        | Corporate Debt Securities |
| APTIV PLC / APTIV CORP         SR GLBL NT 32    | 2032-03-01      | 3.2500%  | 4.4300% | $239000.00         | $211415.75         | Corporate Debt Securities |
| ASHTEAD CAP INC                SR 144A NT 33    | 2033-10-15      | 5.9500%  | 4.4300% | $770000.00         | $781055.28         | Corporate Debt Securities |
| WILLIAMS COS INC               SR GLBL NT4.9%29 | 2029-03-15      | 4.9000%  | 4.4300% | $2377000.00        | $2419829.58        | Corporate Debt Securities |
| ALIMENTATION COUCHE-TARD INC   SR 144A NT 41    | 2041-05-13      | 3.4390%  | 4.4300% | $3066000.00        | $2230159.26        | Corporate Debt Securities |
| RIO TINTO FIN USA PLC          SR GLBL NT 35    | 2035-03-14      | 5.2500%  | 4.4300% | $350000.00         | $352626.17         | Corporate Debt Securities |

### Security 4: TotalEnergies Capital SA

- **C.1 - Title:** TotalEnergies Capital SA
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 89152ET65, C.4 - ISIN: US89152ET658, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $24978805.00
- **C.18.a - Value (excl. sponsor support):** $24978805.00
- **C.19 - Percentage of Net Assets:** 2.0200%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2025-06-06
- **C.10 - Ratings:** Standard and Poors Long: A+; Moodys Short: P-1; Moodys Long: Aa3; Standard and Poors Short: A-1; Fitch Long: AA-
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: Bank of Nova Scotia

- **C.1 - Title:** Bank of Nova Scotia
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: RPEN2MOZ8
- **C.18 - Value (incl. sponsor support):** $332972903.00
- **C.18.a - Value (excl. sponsor support):** $332972903.00
- **C.19 - Percentage of Net Assets:** 26.9700%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Standard and Poors Short: A-1; Fitch Short: F1+; Standard and Poors Long: A+; Fitch Long: AA-; Moodys Short: P-1; Moodys Long: Aa2
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name            | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| United States Treasury | 2043-05-15      | 3.8750%  | 4.3300% | $3434981.76        | $3008018.63        | U.S. Treasuries (including strips) |
| United States Treasury | 2029-05-15      | 2.3750%  | 4.2500% | $332739.82         | $313936.05         | U.S. Treasuries (including strips) |
| United States Treasury | 2027-11-30      | 0.6250%  | 4.3800% | $35617.00          | $32949.10          | U.S. Treasuries (including strips) |
| United States Treasury | 2041-11-15      | 2.0000%  | 4.3400% | $25024389.84       | $16822801.65       | U.S. Treasuries (including strips) |
| United States Treasury | 2051-02-15      | 1.8750%  | 4.3200% | $349233.08         | $192769.93         | U.S. Treasuries (including strips) |
| United States Treasury | 2028-11-30      | 4.3750%  | 4.3300% | $14165688.41       | $14673029.82       | U.S. Treasuries (including strips) |
| United States Treasury | 2026-07-15      | 4.5000%  | 4.3400% | $59135.99          | $60352.52          | U.S. Treasuries (including strips) |
| United States Treasury | 2032-01-15      | 0.1250%  | 4.3400% | $33.30             | $34.38             | U.S. Treasuries (including strips) |
| United States Treasury | 2026-05-14      | 0.0000%  | 4.3400% | $800544.55         | $769803.64         | U.S. Treasuries (including strips) |
| United States Treasury | 2026-08-31      | 3.7500%  | 4.3400% | $14488305.86       | $14558763.91       | U.S. Treasuries (including strips) |
| United States Treasury | 2031-11-30      | 4.1250%  | 4.3400% | $3821419.02        | $3890096.32        | U.S. Treasuries (including strips) |
| United States Treasury | 2028-04-15      | 3.6250%  | 4.3500% | $11343.28          | $23897.91          | U.S. Treasuries (including strips) |
| United States Treasury | 2046-02-15      | 2.5000%  | 4.3100% | $11.10             | $7.58              | U.S. Treasuries (including strips) |
| United States Treasury | 2050-05-15      | 1.2500%  | 4.3100% | $19234.73          | $8977.69           | U.S. Treasuries (including strips) |
| United States Treasury | 2025-10-09      | 0.0000%  | 4.3100% | $22.20             | $21.86             | U.S. Treasuries (including strips) |
| United States Treasury | 2026-06-15      | 4.1250%  | 4.3400% | $66250.51          | $67460.63          | U.S. Treasuries (including strips) |
| United States Treasury | 2043-02-15      | 3.1250%  | 4.3000% | $1220900.64        | $970045.73         | U.S. Treasuries (including strips) |
| United States Treasury | 2052-02-15      | 2.2500%  | 4.3400% | $13878576.98       | $8344953.62        | U.S. Treasuries (including strips) |
| United States Treasury | 2040-05-15      | 1.1250%  | 4.3400% | $53897.21          | $32685.35          | U.S. Treasuries (including strips) |
| United States Treasury | 2051-08-15      | 2.0000%  | 4.3000% | $71777.86          | $40688.06          | U.S. Treasuries (including strips) |
| United States Treasury | 2029-11-15      | 1.7500%  | 4.3000% | $2996.76           | $2731.28           | U.S. Treasuries (including strips) |
| United States Treasury | 2026-01-15      | 3.8750%  | 4.3200% | $11.10             | $11.24             | U.S. Treasuries (including strips) |
| United States Treasury | 2042-02-15      | 2.3750%  | 4.3000% | $24950769.53       | $17894846.70       | U.S. Treasuries (including strips) |
| United States Treasury | 2026-10-31      | 1.6250%  | 4.3400% | $26504.64          | $25656.57          | U.S. Treasuries (including strips) |
| United States Treasury | 2026-11-30      | 4.2500%  | 4.3400% | $1118800.05        | $1145587.75        | U.S. Treasuries (including strips) |
| United States Treasury | 2026-06-30      | 1.8750%  | 4.3200% | $221.98            | $218.33            | U.S. Treasuries (including strips) |
| United States Treasury | 2040-02-15      | 2.1250%  | 4.3400% | $7691.67           | $11106.10          | U.S. Treasuries (including strips) |
| United States Treasury | 2029-02-28      | 1.8750%  | 4.3400% | $6570.67           | $6130.41           | U.S. Treasuries (including strips) |
| United States Treasury | 2026-04-15      | 0.1250%  | 4.3100% | $21826029.72       | $26303704.20       | U.S. Treasuries (including strips) |
| United States Treasury | 2026-08-15      | 4.3750%  | 4.3800% | $1141719.69        | $1159459.80        | U.S. Treasuries (including strips) |
| United States Treasury | 2025-11-20      | 0.0000%  | 4.3400% | $15345500.20       | $15036042.84       | U.S. Treasuries (including strips) |
| United States Treasury | 2026-08-31      | 0.7500%  | 4.3100% | $11.10             | $10.67             | U.S. Treasuries (including strips) |
| United States Treasury | 2030-05-15      | 6.2500%  | 4.3400% | $2552.79           | $2812.37           | U.S. Treasuries (including strips) |
| United States Treasury | 2025-05-31      | 2.8750%  | 4.3100% | $22.20             | $22.51             | U.S. Treasuries (including strips) |
| United States Treasury | 2029-06-30      | 3.2500%  | 4.3400% | $73609.21          | $72598.76          | U.S. Treasuries (including strips) |
| United States Treasury | 2027-01-31      | 1.5000%  | 4.3100% | $2663.78           | $2569.27           | U.S. Treasuries (including strips) |
| United States Treasury | 2025-09-30      | 3.0000%  | 4.3400% | $14395.53          | $14400.60          | U.S. Treasuries (including strips) |
| United States Treasury | 2040-11-15      | 1.3750%  | 4.3200% | $92555.37          | $57651.39          | U.S. Treasuries (including strips) |
| United States Treasury | 2047-05-15      | 3.0000%  | 4.3800% | $785105.71         | $574787.53         | U.S. Treasuries (including strips) |
| United States Treasury | 2052-08-15      | 3.0000%  | 4.3000% | $5549548.38        | $3956421.69        | U.S. Treasuries (including strips) |
| United States Treasury | 2026-02-15      | 1.6250%  | 4.3400% | $11.10             | $10.95             | U.S. Treasuries (including strips) |
| United States Treasury | 2027-08-31      | 0.5000%  | 4.3100% | $6892.54           | $6395.22           | U.S. Treasuries (including strips) |
| United States Treasury | 2027-10-15      | 3.8750%  | 4.3000% | $10279961.23       | $10315677.35       | U.S. Treasuries (including strips) |
| United States Treasury | 2025-09-02      | 0.0000%  | 4.3400% | $11.10             | $10.98             | U.S. Treasuries (including strips) |
| United States Treasury | 2025-10-15      | 0.1250%  | 4.3000% | $1661124.12        | $2040666.03        | U.S. Treasuries (including strips) |
| United States Treasury | 2026-09-15      | 4.6250%  | 4.3400% | $29723.38          | $30200.91          | U.S. Treasuries (including strips) |
| United States Treasury | 2025-07-15      | 0.3750%  | 4.3300% | $17740929.46       | $23929433.14       | U.S. Treasuries (including strips) |
| United States Treasury | 2026-11-15      | 2.0000%  | 4.3100% | $2863.57           | $2782.68           | U.S. Treasuries (including strips) |
| United States Treasury | 2025-11-15      | 2.2500%  | 4.3100% | $62676.60          | $62136.77          | U.S. Treasuries (including strips) |
| United States Treasury | 2027-12-31      | 0.6250%  | 4.3400% | $12353.29          | $11390.69          | U.S. Treasuries (including strips) |
| United States Treasury | 2043-02-15      | 3.8750%  | 4.3100% | $8069.04           | $7157.84           | U.S. Treasuries (including strips) |
| United States Treasury | 2026-06-30      | 4.6250%  | 4.3100% | $960094.07         | $983111.71         | U.S. Treasuries (including strips) |
| United States Treasury | 2049-08-15      | 2.2500%  | 4.3100% | $2734273.59        | $1687757.95        | U.S. Treasuries (including strips) |
| United States Treasury | 2040-05-15      | 4.3750%  | 4.3400% | $59724.24          | $57275.86          | U.S. Treasuries (including strips) |
| United States Treasury | 2026-02-15      | 4.0000%  | 4.3100% | $33.30             | $33.61             | U.S. Treasuries (including strips) |
| United States Treasury | 2029-07-15      | 0.2500%  | 4.3300% | $77.69             | $92.64             | U.S. Treasuries (including strips) |
| United States Treasury | 2028-03-15      | 3.8750%  | 4.3400% | $14830613.10       | $14938916.87       | U.S. Treasuries (including strips) |
| United States Treasury | 2027-06-15      | 4.6250%  | 4.3000% | $9006450.86        | $9315660.63        | U.S. Treasuries (including strips) |
| United States Treasury | 2025-12-15      | 4.0000%  | 4.3400% | $80346.36          | $81731.27          | U.S. Treasuries (including strips) |
| United States Treasury | 2025-08-05      | 0.0000%  | 4.3400% | $59668.74          | $59199.27          | U.S. Treasuries (including strips) |
| United States Treasury | 2029-03-31      | 2.3750%  | 4.3400% | $4011735.23        | $3802777.75        | U.S. Treasuries (including strips) |
| United States Treasury | 2027-06-30      | 0.5000%  | 4.3100% | $219662.22         | $205075.30         | U.S. Treasuries (including strips) |
| United States Treasury | 2029-02-15      | 5.2500%  | 4.3400% | $41754.80          | $44367.06          | U.S. Treasuries (including strips) |
| United States Treasury | 2027-04-15      | 4.5000%  | 4.3400% | $11309.98          | $11478.56          | U.S. Treasuries (including strips) |
| United States Treasury | 2026-06-30      | 0.8750%  | 4.3400% | $35694.70          | $34584.19          | U.S. Treasuries (including strips) |
| United States Treasury | 2028-11-30      | 1.5000%  | 4.3800% | $22.20             | $20.60             | U.S. Treasuries (including strips) |
| United States Treasury | 2026-08-31      | 1.3750%  | 4.3400% | $11.10             | $10.77             | U.S. Treasuries (including strips) |
| United States Treasury | 2029-11-30      | 4.1250%  | 4.3100% | $13940.47          | $14308.66          | U.S. Treasuries (including strips) |
| United States Treasury | 2028-07-31      | 4.1250%  | 4.3200% | $116418.43         | $118688.36         | U.S. Treasuries (including strips) |
| United States Treasury | 2028-11-15      | 3.1250%  | 4.3100% | $11.10             | $10.82             | U.S. Treasuries (including strips) |
| United States Treasury | 2027-04-30      | 0.5000%  | 4.3800% | $22.20             | $20.80             | U.S. Treasuries (including strips) |
| United States Treasury | 2049-11-15      | 2.3750%  | 4.3400% | $2640586.11        | $1657063.03        | U.S. Treasuries (including strips) |
| United States Treasury | 2026-12-15      | 4.3750%  | 4.3100% | $1553.87           | $1592.37           | U.S. Treasuries (including strips) |
| United States Treasury | 2025-06-15      | 2.8750%  | 4.3400% | $11.10             | $11.23             | U.S. Treasuries (including strips) |
| United States Treasury | 2029-12-31      | 4.3750%  | 4.3000% | $2916842.63        | $3015631.58        | U.S. Treasuries (including strips) |
| United States Treasury | 2026-07-31      | 1.8750%  | 4.3400% | $3218449.49        | $3155817.41        | U.S. Treasuries (including strips) |
| United States Treasury | 2048-02-15      | 3.0000%  | 4.3800% | $725059.60         | $531902.11         | U.S. Treasuries (including strips) |
| United States Treasury | 2025-07-31      | 0.2500%  | 4.3400% | $1534538.92        | $1524867.98        | U.S. Treasuries (including strips) |
| United States Treasury | 2048-02-15      | 1.0000%  | 4.3000% | $33.30             | $31.16             | U.S. Treasuries (including strips) |
| United States Treasury | 2027-12-31      | 3.8750%  | 4.3400% | $20555.53          | $20866.42          | U.S. Treasuries (including strips) |
| United States Treasury | 2029-08-15      | 1.6250%  | 4.3800% | $710.34            | $650.62            | U.S. Treasuries (including strips) |
| United States Treasury | 2031-03-31      | 4.1250%  | 4.3000% | $2774996.17        | $2796703.01        | U.S. Treasuries (including strips) |
| United States Treasury | 2037-05-15      | 5.0000%  | 4.3400% | $4151.06           | $4342.44           | U.S. Treasuries (including strips) |
| United States Treasury | 2031-06-30      | 4.2500%  | 4.3000% | $110.99            | $113.67            | U.S. Treasuries (including strips) |
| United States Treasury | 2025-06-12      | 0.0000%  | 4.3400% | $2702729.95        | $2698594.78        | U.S. Treasuries (including strips) |
| United States Treasury | 2029-02-15      | 2.6250%  | 4.3100% | $5017490.98        | $4827646.36        | U.S. Treasuries (including strips) |
| United States Treasury | 2047-08-15      | 2.7500%  | 4.3100% | $26182.77          | $18407.18          | U.S. Treasuries (including strips) |
| United States Treasury | 2028-01-15      | 4.2500%  | 4.3400% | $553278.87         | $566501.93         | U.S. Treasuries (including strips) |
| United States Treasury | 2030-01-31      | 4.2500%  | 4.3000% | $17512931.82       | $17942366.31       | U.S. Treasuries (including strips) |
| United States Treasury | 2026-12-31      | 1.2500%  | 4.3400% | $13978979.40       | $13457711.06       | U.S. Treasuries (including strips) |
| United States Treasury | 2041-11-15      | 3.1250%  | 4.3400% | $178018.41         | $142796.90         | U.S. Treasuries (including strips) |
| United States Treasury | 2025-12-26      | 0.0000%  | 4.3400% | $11.10             | $10.83             | U.S. Treasuries (including strips) |
| United States Treasury | 2026-03-31      | 4.5000%  | 4.3100% | $33.30             | $33.62             | U.S. Treasuries (including strips) |
| United States Treasury | 2041-02-15      | 4.7500%  | 4.3100% | $11531.96          | $11594.07          | U.S. Treasuries (including strips) |
| United States Treasury | 2028-04-30      | 1.2500%  | 4.3400% | $10664112.07       | $9896488.19        | U.S. Treasuries (including strips) |
| United States Treasury | 2029-10-31      | 4.0000%  | 4.3200% | $4032068.77        | $4047474.78        | U.S. Treasuries (including strips) |
| United States Treasury | 2027-11-15      | 2.2500%  | 4.3100% | $1748496.21        | $1681452.08        | U.S. Treasuries (including strips) |
| United States Treasury | 2028-12-31      | 3.7500%  | 4.3000% | $1624674.69        | $1639505.81        | U.S. Treasuries (including strips) |
| United States Treasury | 2027-06-30      | 3.2500%  | 4.3000% | $11.10             | $11.10             | U.S. Treasuries (including strips) |
| United States Treasury | 2033-01-15      | 1.1250%  | 4.3400% | $110.99            | $112.83            | U.S. Treasuries (including strips) |
| United States Treasury | 2027-03-31      | 0.6250%  | 4.3000% | $26504.64          | $24976.77          | U.S. Treasuries (including strips) |
| United States Treasury | 2037-02-15      | 4.7500%  | 4.3400% | $263714.54         | $273399.56         | U.S. Treasuries (including strips) |
| United States Treasury | 2029-07-31      | 4.0000%  | 4.3100% | $16584170.50       | $16818159.39       | U.S. Treasuries (including strips) |
| United States Treasury | 2027-08-15      | 2.2500%  | 4.3100% | $801055.11         | $777788.54         | U.S. Treasuries (including strips) |
| United States Treasury | 2055-02-15      | 4.6250%  | 4.3100% | $1095014.69        | $1057036.62        | U.S. Treasuries (including strips) |
| United States Treasury | 2025-07-31      | 0.0000%  | 4.3400% | $1512596.01        | $1501590.36        | U.S. Treasuries (including strips) |
| United States Treasury | 2029-04-30      | 4.6250%  | 4.3100% | $3516338.14        | $3613390.41        | U.S. Treasuries (including strips) |
| United States Treasury | 2026-01-22      | 0.0000%  | 4.3400% | $2541937.34        | $2474372.64        | U.S. Treasuries (including strips) |
| United States Treasury | 2031-07-31      | 4.1250%  | 4.3400% | $11.10             | $11.24             | U.S. Treasuries (including strips) |
| United States Treasury | 2030-02-15      | 1.5000%  | 4.3300% | $41133.25          | $36943.52          | U.S. Treasuries (including strips) |
| United States Treasury | 2042-11-15      | 2.7500%  | 4.3000% | $6759.35           | $5034.25           | U.S. Treasuries (including strips) |
| United States Treasury | 2043-05-15      | 2.8750%  | 4.3400% | $2000279.22        | $1507354.16        | U.S. Treasuries (including strips) |
| United States Treasury | 2025-08-19      | 0.0000%  | 4.3400% | $467893.52         | $463434.50         | U.S. Treasuries (including strips) |
| United States Treasury | 2046-11-15      | 2.8750%  | 4.3800% | $11.10             | $7.98              | U.S. Treasuries (including strips) |
| United States Treasury | 2025-06-30      | 2.7500%  | 4.3400% | $23441.29          | $23672.03          | U.S. Treasuries (including strips) |
| United States Treasury | 2025-08-31      | 0.2500%  | 4.3000% | $72343.91          | $71642.91          | U.S. Treasuries (including strips) |
| United States Treasury | 2038-05-15      | 4.5000%  | 4.3000% | $53719.63          | $53411.08          | U.S. Treasuries (including strips) |
| United States Treasury | 2025-09-15      | 3.5000%  | 4.3100% | $24861.98          | $24972.84          | U.S. Treasuries (including strips) |
| United States Treasury | 2027-07-15      | 0.3750%  | 4.3400% | $764849.86         | $985142.90         | U.S. Treasuries (including strips) |
| United States Treasury | 2030-03-31      | 3.6250%  | 4.3000% | $23962.95          | $23698.20          | U.S. Treasuries (including strips) |
| United States Treasury | 2028-04-15      | 1.2500%  | 4.3000% | $1219024.90        | $1293894.31        | U.S. Treasuries (including strips) |
| United States Treasury | 2029-05-31      | 2.7500%  | 4.3100% | $11.10             | $10.76             | U.S. Treasuries (including strips) |
| United States Treasury | 2025-11-13      | 0.0000%  | 4.3400% | $309775.79         | $303775.43         | U.S. Treasuries (including strips) |
| United States Treasury | 2026-04-30      | 4.8750%  | 4.3100% | $4839206.19        | $4886369.99        | U.S. Treasuries (including strips) |
| United States Treasury | 2027-02-28      | 4.1250%  | 4.3100% | $5993.51           | $6067.29           | U.S. Treasuries (including strips) |
| United States Treasury | 2042-11-15      | 4.0000%  | 4.3100% | $52532.02          | $46999.22          | U.S. Treasuries (including strips) |
| United States Treasury | 2028-07-15      | 0.7500%  | 4.3400% | $542901.22         | $681822.01         | U.S. Treasuries (including strips) |
| United States Treasury | 2027-01-15      | 0.3750%  | 4.3000% | $1447222.33        | $1889212.28        | U.S. Treasuries (including strips) |
| United States Treasury | 2047-11-15      | 2.7500%  | 4.3100% | $139537.84         | $96883.63          | U.S. Treasuries (including strips) |
| United States Treasury | 2026-02-28      | 4.6250%  | 4.3400% | $4400381.20        | $4461668.92        | U.S. Treasuries (including strips) |
| United States Treasury | 2028-02-29      | 4.0000%  | 4.3000% | $68481.43          | $69303.36          | U.S. Treasuries (including strips) |
| United States Treasury | 2025-07-31      | 4.7500%  | 4.3100% | $70301.68          | $71440.89          | U.S. Treasuries (including strips) |
| United States Treasury | 2046-05-15      | 2.5000%  | 4.3400% | $2386.31           | $1608.90           | U.S. Treasuries (including strips) |
| United States Treasury | 2025-06-30      | 4.6250%  | 4.3400% | $20522.23          | $20917.27          | U.S. Treasuries (including strips) |
| United States Treasury | 2030-02-28      | 4.0000%  | 4.3000% | $27747741.92       | $28034134.80       | U.S. Treasuries (including strips) |
| United States Treasury | 2050-11-15      | 1.6250%  | 4.3400% | $1077311.63        | $552839.01         | U.S. Treasuries (including strips) |
| United States Treasury | 2049-05-15      | 2.8750%  | 4.3100% | $33.30             | $23.35             | U.S. Treasuries (including strips) |

### Security 6: CDP Financial Inc

- **C.1 - Title:** CDP Financial Inc
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 12509RT50, C.4 - ISIN: US12509RT505, C.3 - LEI: 549300OXMGVYFCBFV096
- **C.18 - Value (incl. sponsor support):** $14989203.00
- **C.18.a - Value (excl. sponsor support):** $14989203.00
- **C.19 - Percentage of Net Assets:** 1.2100%
- **C.17 - Yield as of Reporting Date:** 4.3900%
- **C.11 - Maturity Date (WAM):** 2025-06-05
- **C.12 - Maturity Date (WAL):** 2025-06-05
- **C.13 - Final Legal Maturity Date:** 2025-06-05
- **C.10 - Ratings:** Moodys Short: P-1; Standard and Poors Short: A-1+; Fitch Short: F1+; Moodys Long: Aaa; Fitch Long: AAA; Standard and Poors Long: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 7: ING Financial Markets LLC

- **C.1 - Title:** ING Financial Markets LLC
- **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: RPEG5E3A6
- **C.18 - Value (incl. sponsor support):** $5000000.00
- **C.18.a - Value (excl. sponsor support):** $5000000.00
- **C.19 - Percentage of Net Assets:** 0.4000%
- **C.17 - Yield as of Reporting Date:** 4.4100%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Fitch Short: F1+; Standard and Poors Short: A-1; Standard and Poors Long: A+; Moodys Short: P-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name                                    | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| COMCAST CORP NEW               GLBL NT 5.35%27 | 2027-11-15      | 5.3500%  | 4.3500% | $5119000.00        | $5250042.14        | Corporate Debt Securities |

### Security 8: Credit Agricole Corporate and Investment Bank, New York Branch

- **C.1 - Title:** Credit Agricole Corporate and Investment Bank, New York Branch
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: DP09GL7J1, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $60000000.00
- **C.18.a - Value (excl. sponsor support):** $60000000.00
- **C.19 - Percentage of Net Assets:** 4.8600%
- **C.17 - Yield as of Reporting Date:** 4.3700%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Moodys Long: A1; Moodys Short: P-1; Fitch Short: F1; Standard and Poors Long: A+; Standard and Poors Short: A-1; Fitch Long: A+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 9: BofA Securities, Inc.

- **C.1 - Title:** BofA Securities, Inc.
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: RPEK592E1
- **C.18 - Value (incl. sponsor support):** $100000000.00
- **C.18.a - Value (excl. sponsor support):** $100000000.00
- **C.19 - Percentage of Net Assets:** 8.1000%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Standard and Poors Long: A+; Fitch Short: F1+; Fitch Long: AA; Standard and Poors Short: 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?:** Yes

**Collateral:**
| Issuer Name            | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| United States Treasury | 2035-11-15      | 0.0000%  | 4.3400% | $9074.72           | $5585.56           | U.S. Treasuries (including strips) |
| United States Treasury | 2029-08-31      | 3.6250%  | 4.3400% | $102480000.00      | $101993629.41      | U.S. Treasuries (including strips) |
| United States Treasury | 2033-08-15      | 3.8750%  | 4.3400% | $800.00            | $785.03            | U.S. Treasuries (including strips) |

### Security 10: BNP Paribas

- **C.1 - Title:** BNP Paribas
- **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: RPEK59243
- **C.18 - Value (incl. sponsor support):** $45000000.00
- **C.18.a - Value (excl. sponsor support):** $45000000.00
- **C.19 - Percentage of Net Assets:** 3.6400%
- **C.17 - Yield as of Reporting Date:** 4.5400%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Moodys Long: A1; Standard and Poors Short: A-1; Fitch Long: AA-; Moodys Short: P-1; Standard and Poors Long: A+; Fitch Short: F1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name                                            | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| AIM AVIATION FIN LTD 2015      A-1    20400215 FLT     | 2040-02-15      | 6.2130%  | 4.4800% | $6267000.00        | $1208623.34        | Asset-Backed Securities   |
| HUNTINGTON AUTO TRUST 2024-2   D      20321020 FLT     | 2032-10-20      | 8.3283%  | 4.4800% | $1201545.00        | $912074.66         | Asset-Backed Securities   |
| NATIONAL COLL ST LN TR 2005-3  B      20370725 FLT     | 2037-07-25      | 4.9392%  | 4.4800% | $31975767.00       | $23445236.59       | Asset-Backed Securities   |
| CSMC TR 2022-NQM2              B-2    20670225 FLT     | 2067-02-25      | 4.0000%  | 4.4800% | $10065281.00       | $6107151.74        | Asset-Backed Securities   |
| ECAF I LTD 2015-1              A-2    20400615 4.94700 | 2040-06-15      | 4.9470%  | 4.4800% | $1232000.00        | $430736.85         | Asset-Backed Securities   |
| VERUS SEC TR 2023-3            B-2    20680325 FLT     | 2068-03-25      | 7.7797%  | 4.4800% | $3300572.00        | $3280174.29        | Asset-Backed Securities   |
| VERUS SEC TR 2021-8            B-2    20661125 FLT     | 2066-11-25      | 4.3340%  | 4.4800% | $3778250.00        | $2897918.80        | Asset-Backed Securities   |
| NATIONAL COLL ST LN TR 2006-3  B      20320126 FLT     | 2032-01-26      | 4.7992%  | 4.4800% | $345000.00         | $305071.67         | Asset-Backed Securities   |
| NORDSTROM INC                  SR GLBL NT 31           | 2031-08-01      | 4.2500%  | 4.4800% | $35000.00          | $31171.65          | Corporate Debt Securities |
| HINNT LLC 2024-A               E      20430316 8.00000 | 2043-03-16      | 8.0000%  | 4.4800% | $784000.00         | $463578.05         | Asset-Backed Securities   |
| CSMC 2022-NQM5 TR              B-2    20670525 FLT     | 2067-05-25      | 5.1690%  | 4.4800% | $10069005.00       | $8168882.23        | Asset-Backed Securities   |

### Security 11: Barclays Bank UK PLC

- **C.1 - Title:** Barclays Bank UK PLC
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 06744QT67, C.4 - ISIN: US06744QT672, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $49957708.50
- **C.18.a - Value (excl. sponsor support):** $49957708.50
- **C.19 - Percentage of Net Assets:** 4.0500%
- **C.17 - Yield as of Reporting Date:** 4.4100%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2025-06-06
- **C.10 - Ratings:** Standard and Poors Short: A-1; Fitch Long: A+; Fitch Short: F1; Standard and Poors Long: A+; Moodys Short: P-1; Moodys Long: A1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 12: Credit Agricole Corporate and Investment Bank

- **C.1 - Title:** Credit Agricole Corporate and Investment Bank
- **C.6 - Investment Category:** U.S. Treasury Repurchase Agreement, if collateralized only by U.S. Treasuries (including Strips) and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A, C.5 - Other ID: RPEK59250
- **C.18 - Value (incl. sponsor support):** $183135097.00
- **C.18.a - Value (excl. sponsor support):** $183135097.00
- **C.19 - Percentage of Net Assets:** 14.8300%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Moodys Short: P-1; Moodys Long: A1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name            | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| United States Treasury | 2042-02-15      | 2.3750%  | 4.3000% | $5819367.44        | $4173686.43        | U.S. Treasuries (including strips) |
| United States Treasury | 2041-05-15      | 2.2500%  | 4.3400% | $23650221.81       | $16808546.58       | U.S. Treasuries (including strips) |
| United States Treasury | 2053-05-15      | 3.6250%  | 4.3800% | $21690609.68       | $17315127.44       | U.S. Treasuries (including strips) |
| United States Treasury | 2049-11-15      | 2.3750%  | 4.3400% | $27026278.47       | $16959964.61       | U.S. Treasuries (including strips) |
| United States Treasury | 2043-08-15      | 3.6250%  | 4.3800% | $22118746.24       | $18843056.47       | U.S. Treasuries (including strips) |
| United States Treasury | 2052-08-15      | 3.0000%  | 4.3000% | $28216800.89       | $20116513.14       | U.S. Treasuries (including strips) |
| United States Treasury | 2047-05-15      | 3.0000%  | 4.3800% | $21114888.43       | $15458522.87       | U.S. Treasuries (including strips) |
| United States Treasury | 2040-11-15      | 1.3750%  | 4.3200% | $30316084.06       | $18883448.03       | U.S. Treasuries (including strips) |
| United States Treasury | 2048-02-15      | 3.0000%  | 4.3800% | $25309547.88       | $18567028.26       | U.S. Treasuries (including strips) |
| United States Treasury | 2044-11-15      | 3.0000%  | 4.3800% | $26810822.81       | $20173235.93       | U.S. Treasuries (including strips) |
| United States Treasury | 2048-08-15      | 3.0000%  | 4.3400% | $26709787.73       | $19498673.50       | U.S. Treasuries (including strips) |

### Security 13: Autobahn Funding Co LLC

- **C.1 - Title:** Autobahn Funding Co LLC
- **C.6 - Investment Category:** Asset Backed Commercial Paper
- **Identifiers:** C.3 - CUSIP: 0527M0T64, C.4 - ISIN: US0527M0T645, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $14987283.00
- **C.18.a - Value (excl. sponsor support):** $14987283.00
- **C.19 - Percentage of Net Assets:** 1.2100%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2025-06-06
- **C.10 - Ratings:** Fitch Short: F1+; Standard and Poors Short: A-1; Moodys Short: P-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 14: TotalEnergies Capital SA

- **C.1 - Title:** TotalEnergies Capital SA
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 89152ET57, C.4 - ISIN: US89152ET575, C.3 - LEI: 529900QI55ZLJVCMPA71
- **C.18 - Value (incl. sponsor support):** $9992740.00
- **C.18.a - Value (excl. sponsor support):** $9992740.00
- **C.19 - Percentage of Net Assets:** 0.8100%
- **C.17 - Yield as of Reporting Date:** 4.4000%
- **C.11 - Maturity Date (WAM):** 2025-06-05
- **C.12 - Maturity Date (WAL):** 2025-06-05
- **C.13 - Final Legal Maturity Date:** 2025-06-05
- **C.10 - Ratings:** Fitch Long: AA-; Moodys Short: P-1; Moodys Long: Aa3; Standard and Poors Long: A+; Standard and Poors Short: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 15: JP Morgan Securities LLC

- **C.1 - Title:** JP Morgan Securities LLC
- **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: RPEG4NUY5
- **C.18 - Value (incl. sponsor support):** $25000000.00
- **C.18.a - Value (excl. sponsor support):** $25000000.00
- **C.19 - Percentage of Net Assets:** 2.0200%
- **C.17 - Yield as of Reporting Date:** 4.5100%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2025-06-06
- **C.10 - Ratings:** Standard and Poors Short: A-1+; Standard and Poors Long: AA-
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, 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?:** Yes

**Collateral:**
| Issuer Name                                     | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category   |
|:---|:---|:---|:---|:---|:---|:---|
| CHART INDS INC                 6.75DP CNV PFD B | 2500-12-31      | 6.7500%  | 4.4500% | $2245.00           | $134475.50         | Equities   |
| SHIFT4 PMTS INC                6 SER A CNV PREF | 2500-12-31      | 6.0000%  | 4.4500% | $238315.00         | $26219416.30       | Equities   |

### Security 16: Equinor ASA

- **C.1 - Title:** Equinor ASA
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 29447LT37, C.4 - ISIN: US29447LT379, C.3 - LEI: OW6OFBNCKXC4US5C7523
- **C.18 - Value (incl. sponsor support):** $49975835.00
- **C.18.a - Value (excl. sponsor support):** $49975835.00
- **C.19 - Percentage of Net Assets:** 4.0500%
- **C.17 - Yield as of Reporting Date:** 4.4200%
- **C.11 - Maturity Date (WAM):** 2025-06-03
- **C.12 - Maturity Date (WAL):** 2025-06-03
- **C.13 - Final Legal Maturity Date:** 2025-06-03
- **C.10 - Ratings:** Moodys Short: P-1; Standard and Poors Short: A-1+; Standard and Poors Long: AA-; Moodys Long: Aa2
- **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 17: BNP Paribas

- **C.1 - Title:** BNP Paribas
- **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: RPEO2ML89
- **C.18 - Value (incl. sponsor support):** $5000000.00
- **C.18.a - Value (excl. sponsor support):** $5000000.00
- **C.19 - Percentage of Net Assets:** 0.4000%
- **C.17 - Yield as of Reporting Date:** 4.4800%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Moodys Long: A1; Fitch Long: AA-; Standard and Poors Short: A-1; Standard and Poors Long: A+; Moodys Short: P-1; Fitch Short: F1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name                                        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                                  |
|:---|:---|:---|:---|:---|:---|:---|
| HOST HOTELS & RESORTS LP       SR GLBL -M NT 32    | 2032-06-15      | 5.7000%  | 4.4200% | $2000.00           | $1990.61           | Corporate Debt Securities                 |
| GOLDMAN SACHS GROUP INC        SR NT 6.561%34      | 2034-10-24      | 6.5610%  | 4.4200% | $91000.00          | $99603.23          | Corporate Debt Securities                 |
| STEELE CREEK CLO LTD 2019-1    B-RR   20320715 FLT | 2032-07-15      | 6.0061%  | 4.4200% | $250000.00         | $252076.91         | Asset-Backed Securities                   |
| Federal Home Loan Mortgage Corp                    | 2036-10-25      | 2.3610%  | 4.4200% | $1273.00           | $991.85            | Agency Collateralized Mortgage Obligation |
| GOLDMAN SACHS BK USA           SR NT 5.414%27      | 2027-05-21      | 5.4140%  | 4.4200% | $2154000.00        | $2170679.50        | Corporate Debt Securities                 |
| UNION PAC CORP                 GLBL NT 2.891%36    | 2036-04-06      | 2.8910%  | 4.4200% | $98000.00          | $80044.10          | Corporate Debt Securities                 |
| TRANSCANADA PIPELINE STRIP     FR 4.25%051528      | 2028-05-15      | 4.2500%  | 4.4200% | $5000.00           | $4959.00           | Corporate Debt Securities                 |
| EATON CAP UNLIMITED CO DISC    SR GLBL NT 30       | 2030-05-09      | 4.4500%  | 4.4200% | $200000.00         | $199461.17         | Corporate Debt Securities                 |
| GILEAD SCIENCES INC            SR GLBL NT 30       | 2030-10-01      | 1.6500%  | 4.4200% | $2000.00           | $1733.23           | Corporate Debt Securities                 |
| CITIGROUP INC                  SUB NT 4.6%26       | 2026-03-09      | 4.6000%  | 4.4200% | $1804000.00        | $1820380.32        | Corporate Debt Securities                 |
| UNITED PARCEL SVCS INC         SR GLBL NT 55       | 2055-05-14      | 5.9500%  | 4.4200% | $87000.00          | $86789.85          | Corporate Debt Securities                 |
| ARES CLO LTD 2019-53R          C-R    20361024 FLT | 2036-10-24      | 6.2752%  | 4.4200% | $294479.00         | $297213.29         | Asset-Backed Securities                   |
| COMMONSPIRIT HEALTH            -2012 SINK BD 42    | 2042-11-01      | 4.3500%  | 4.4200% | $15000.00          | $12275.46          | Corporate Debt Securities                 |
| MIZUHO FINANCIAL GROUP INC     GLBL REGS NT 26     | 2026-04-12      | 3.4770%  | 4.4200% | $200000.00         | $198987.20         | Corporate Debt Securities                 |
| WELLS FARGO & CO               FR 6.491%102334     | 2034-10-23      | 6.4910%  | 4.4200% | $12000.00          | $12926.30          | Corporate Debt Securities                 |
| PHILIP MORRIS INTL INC         SR GLBL NT 33       | 2033-02-15      | 5.3750%  | 4.4200% | $2000.00           | $2067.95           | Corporate Debt Securities                 |
| AMERICAN WTR CAP CORP          SR GLBL NT 32       | 2032-06-01      | 4.4500%  | 4.4200% | $1000.00           | $994.36            | Corporate Debt Securities                 |
| BECTON DICKINSON & CO          SR GLBL NT 47       | 2047-06-06      | 4.6690%  | 4.4200% | $8000.00           | $6825.73           | Corporate Debt Securities                 |

### Security 18: JP Morgan Securities LLC

- **C.1 - Title:** JP Morgan Securities LLC
- **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: RPEO1XXT7
- **C.18 - Value (incl. sponsor support):** $15000000.00
- **C.18.a - Value (excl. sponsor support):** $15000000.00
- **C.19 - Percentage of Net Assets:** 1.2100%
- **C.17 - Yield as of Reporting Date:** 4.5400%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2025-06-06
- **C.10 - Ratings:** Moodys Short: P-1; Fitch Short: F1+; Standard and Poors Long: AA-; Fitch Long: AA; Moodys Long: Aa3; Standard and Poors Short: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, 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?:** Yes

**Collateral:**
| Issuer Name                                     | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| MEXICO CITY ARPT TR            SR SEC GLBL 28   | 2028-04-30      | 3.8750%  | 4.4800% | $280000.00         | $266204.17         | Corporate Debt Securities |
| PROSUS N V                     FR 4.027%080350  | 2050-08-03      | 4.0270%  | 4.4800% | $215000.00         | $139764.57         | Corporate Debt Securities |
| CITIGROUP GLOBAL MKTS HLDGS IN VR 082522-082562 | 2062-08-25      | 4.0512%  | 4.4800% | $3127000.00        | $3061145.38        | Corporate Debt Securities |
| GOLDMAN SACHS GROUP INC        4.411%39         | 2039-04-23      | 4.4110%  | 4.4800% | $997000.00         | $878619.74         | Corporate Debt Securities |
| WELLS FARGO & CO               VR 061308-061248 | 2048-06-12      | 4.3086%  | 4.4800% | $1000.00           | $999.53            | Corporate Debt Securities |
| GS FIN CORP                    VR 032918-032958 | 2058-03-29      | 4.2608%  | 4.4800% | $143000.00         | $142213.45         | Corporate Debt Securities |
| CAPITAL ONE NATL ASSN VA       LW TIER II 28    | 2028-08-09      | 5.9740%  | 4.4800% | $2739000.00        | $2843437.61        | Corporate Debt Securities |
| HCA INC.                       SR SEC GLBL NT51 | 2051-07-15      | 3.5000%  | 4.4800% | $1950000.00        | $1278624.75        | Corporate Debt Securities |
| EMBRAER NETHERLANDS FIN        SR GLBL NT 35    | 2035-02-11      | 5.9800%  | 4.4800% | $23000.00          | $23675.19          | Corporate Debt Securities |
| WALMART INC                    SR GLBL NT 49    | 2049-09-24      | 2.9500%  | 4.4800% | $23000.00          | $15154.66          | Corporate Debt Securities |
| NIPPON LIFE INSURANCE COMPANY  LW TIER II 55    | 2055-04-30      | 6.5000%  | 4.4800% | $3000000.00        | $3053180.00        | Corporate Debt Securities |
| BANK AMERICA CORP              FR 4.827%072226  | 2026-07-22      | 4.8270%  | 4.4800% | $67000.00          | $68129.13          | Corporate Debt Securities |
| ENSTAR GROUP LTD               JR SB GLBL 45    | 2045-04-01      | 7.5000%  | 4.4800% | $523000.00         | $536514.32         | Corporate Debt Securities |
| GOLDMAN SACHS GROUP INC        SR GLBL NT 35    | 2035-04-25      | 5.8510%  | 4.4800% | $1387000.00        | $1434960.34        | Corporate Debt Securities |
| CUMMINS INC                    SR GLBL NT2.6%50 | 2050-09-01      | 2.6000%  | 4.4800% | $21000.00          | $12240.85          | Corporate Debt Securities |
| BANK AMERICA CORP              VR 102699-102639 | 2039-10-26      | 4.1210%  | 4.4800% | $1354000.00        | $1349040.74        | Corporate Debt Securities |
| NEW YORK LIFE INS              SUB GLBL 144A 50 | 2050-05-15      | 3.7500%  | 4.4800% | $32000.00          | $22982.48          | Corporate Debt Securities |
| LLOYDS BANKING GROUP PLC       SUB GLBL COCO 25 | 2025-12-10      | 4.5820%  | 4.4800% | $673000.00         | $685899.54         | Corporate Debt Securities |

### Security 19: MUFG Securities Americas Inc.

- **C.1 - Title:** MUFG Securities Americas Inc.
- **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: RPEO2MLE6
- **C.18 - Value (incl. sponsor support):** $15000000.00
- **C.18.a - Value (excl. sponsor support):** $15000000.00
- **C.19 - Percentage of Net Assets:** 1.2100%
- **C.17 - Yield as of Reporting Date:** 4.4500%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Fitch Long: A-; Standard and Poors Long: A; Fitch Short: F1; Standard and Poors Short: 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?:** Yes

**Collateral:**
| Issuer Name                                                  | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category         |
|:---|:---|:---|:---|:---|:---|:---|
| HARRIS CNTY TEX TOLL RD REV    FIRST LIEN REF BDS       2021 | 2045-08-15      | 4.0000%  | 4.3900% | $2285000.00        | $2089236.43        | Other Instrument |
| PENNSYLVANIA ST                GO REF BDS               2017 | 2028-01-01      | 5.0000%  | 4.3900% | $1050000.00        | $1106400.17        | Other Instrument |
| SALT RIV PROJ AGRIC IMPT & PWR BDS                      2021 | 2029-01-01      | 5.0000%  | 4.3900% | $1600000.00        | $1751047.11        | Other Instrument |
| ATLANTA GA ARPT REV            GEN REF BDS              2021 | 2039-07-01      | 4.0000%  | 4.3900% | $1000000.00        | $986075.56         | Other Instrument |
| NEW YORK N Y CITY MUN WTR FIN  SECOND GEN RESOLUTION BD FISC | 2031-06-15      | 5.0000%  | 4.3900% | $1350000.00        | $1530679.50        | Other Instrument |
| HONOLULU HAWAII CITY & CNTY    GO BDS                   A    | 2039-09-01      | 4.0000%  | 4.3900% | $1000000.00        | $961168.89         | Other Instrument |
| SAN FRANCISCO CALIF CITY & CNT BDS                      2021 | 2044-10-01      | 5.0000%  | 4.3900% | $565000.00         | $590698.71         | Other Instrument |
| PHILADELPHIA PA                GO BDS                   2017 | 2033-08-01      | 5.0000%  | 4.3900% | $2000000.00        | $2091915.56        | Other Instrument |
| MASSACHUSETTS ST SCH BLDG AUTH TAXABLE SUB  REF BDS     2019 | 2040-10-15      | 3.3950%  | 4.3900% | $1145000.00        | $948316.19         | Other Instrument |
| CALIFORNIA ST PUB WKS BRD LEAS REF BDS                  2024 | 2039-09-01      | 5.0000%  | 4.3900% | $1435000.00        | $1568901.44        | Other Instrument |
| MIAMI-DADE CNTY FLA SPL OBLIG  CAP ASSET ACQUISITION BD 2021 | 2042-04-01      | 4.0000%  | 4.3900% | $800000.00         | $744068.44         | Other Instrument |
| LOS ANGELES CALIF UNI SCH DIST DEDICATED UNLTD ADVALORE 2020 | 2044-07-01      | 4.0000%  | 4.3900% | $1470000.00        | $1385571.37        | Other Instrument |

### Security 20: ECMC Group Inc

- **C.1 - Title:** ECMC Group Inc
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 26828NAC8, C.4 - ISIN: US26828NAC83, C.3 - LEI: 894500Z9NXKHZ9HI1783
- **C.18 - Value (incl. sponsor support):** $23200000.00
- **C.18.a - Value (excl. sponsor support):** $23200000.00
- **C.19 - Percentage of Net Assets:** 1.8800%
- **C.17 - Yield as of Reporting Date:** 4.4300%
- **C.11 - Maturity Date (WAM):** 2025-06-06
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2025-06-06
- **C.10 - Ratings:** Standard and Poors Long: AA-; Moodys Long: Aa1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 21: Canadian Imperial Bank of Commerce, Toronto Branch

- **C.1 - Title:** Canadian Imperial Bank of Commerce, Toronto Branch
- **C.6 - Investment Category:** Non-Negotiable Time Deposit
- **Identifiers:** C.3 - CUSIP: DP09GL7C6, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $50000000.00
- **C.18.a - Value (excl. sponsor support):** $50000000.00
- **C.19 - Percentage of Net Assets:** 4.0500%
- **C.17 - Yield as of Reporting Date:** 4.3600%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Moodys Short: P-1; Fitch Short: F1+; Standard and Poors Short: A-1; Moodys Long: Aa2; Fitch Long: AA; Standard and Poors Long: A+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 22: CDP Financial Inc

- **C.1 - Title:** CDP Financial Inc
- **C.6 - Investment Category:** Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 12509RT35, C.4 - ISIN: US12509RT356, C.3 - LEI: 549300OXMGVYFCBFV096
- **C.18 - Value (incl. sponsor support):** $24988012.50
- **C.18.a - Value (excl. sponsor support):** $24988012.50
- **C.19 - Percentage of Net Assets:** 2.0200%
- **C.17 - Yield as of Reporting Date:** 4.3900%
- **C.11 - Maturity Date (WAM):** 2025-06-03
- **C.12 - Maturity Date (WAL):** 2025-06-03
- **C.13 - Final Legal Maturity Date:** 2025-06-03
- **C.10 - Ratings:** Fitch Short: F1+; Fitch Long: AAA; Moodys Long: Aaa; Standard and Poors Short: A-1+; Moodys Short: P-1; Standard and Poors Long: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 23: Societe Generale

- **C.1 - Title:** Societe Generale
- **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: RPEI5CS19
- **C.18 - Value (incl. sponsor support):** $17000000.00
- **C.18.a - Value (excl. sponsor support):** $17000000.00
- **C.19 - Percentage of Net Assets:** 1.3800%
- **C.17 - Yield as of Reporting Date:** 4.5700%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Standard and Poors Short: A-1; Moodys Short: P-1; Standard and Poors Long: A; Fitch Short: F1; Fitch Long: A; Moodys Long: A1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name                                        | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                  |
|:---|:---|:---|:---|:---|:---|:---|
| OWENS BROCKWAY                 SR GLBL 144A 32     | 2032-06-01      | 7.3750%  | 4.5100% | $47000.00          | $48512.00          | Corporate Debt Securities |
| BURLINGTON NORTHN SANTA FE CP  SR GLBL DEB 50      | 2050-02-15      | 3.5500%  | 4.5100% | $290000.00         | $210381.71         | Corporate Debt Securities |
| UNITI GROUP LP / UNITI FIBER/  SR SEC GLBL 28      | 2028-02-15      | 10.5000% | 4.5100% | $2000.00           | $2163.87           | Corporate Debt Securities |
| PETROLEOS MEXICANOS            GLBL NT 5.95%31     | 2031-01-28      | 5.9500%  | 4.5100% | $1838000.00        | $1637720.29        | Corporate Debt Securities |
| 1261229 BC LTD                 SR SEC GLBL 32      | 2032-04-15      | 10.0000% | 4.5100% | $286000.00         | $287817.37         | Corporate Debt Securities |
| INTELSAT JACKSON HOLDINGS S A  SR SEC 144A NT30    | 2030-03-15      | 6.5000%  | 4.5100% | $54000.00          | $54069.21          | Corporate Debt Securities |
| PETROLEOS MEXICANOS            GLBL NT 6.7%32      | 2032-02-16      | 6.7000%  | 4.5100% | $10000.00          | $9160.56           | Corporate Debt Securities |
| FORD MOTOR CREDIT COMPANY      SR GLBL NT 33       | 2033-11-07      | 7.1220%  | 4.5100% | $2155000.00        | $2198574.46        | Corporate Debt Securities |
| OCCIDENTAL PETE CORP           SR GLBL DB7.2%29    | 2029-03-15      | 7.2000%  | 4.5100% | $70000.00          | $74435.20          | Corporate Debt Securities |
| MAGNERA CORP                   SR SEC GLBL 31      | 2031-11-15      | 7.2500%  | 4.5100% | $228000.00         | $211144.53         | Corporate Debt Securities |
| PT PERTAMINA PERSERO           FR 4.175%012150     | 2050-01-21      | 4.1750%  | 4.5100% | $2000000.00        | $1459700.83        | Corporate Debt Securities |
| TORONTO DOMINION BK ONT        SUB GLBL COCO 82    | 2082-10-31      | 8.1250%  | 4.5100% | $1007000.00        | $1061308.35        | Corporate Debt Securities |
| LIONS GATE CAP HLDGS 1 INC     SR GLBL 144A 29     | 2029-04-15      | 5.5000%  | 4.5100% | $4000.00           | $3587.50           | Corporate Debt Securities |
| NORFOLK SOUTHN CORP            GLBL NT 4.05%52     | 2052-08-15      | 4.0500%  | 4.5100% | $1898000.00        | $1446793.21        | Corporate Debt Securities |
| ICAHN ENTERPRISES LP/CORP      SR GLBL NT 9%30     | 2030-06-15      | 9.0000%  | 4.5100% | $9000.00           | $8567.28           | Corporate Debt Securities |
| SERVICE PPTYS TR               SR NT 4.95%27       | 2027-02-15      | 4.9500%  | 4.5100% | $2000.00           | $1960.34           | Corporate Debt Securities |
| PARAMOUNT GLOBAL               JR SB GLBL DB 57    | 2057-02-28      | 6.2500%  | 4.5100% | $6000.00           | $5761.15           | Corporate Debt Securities |
| GATX CORP                      SR GLBL NT3.1%51    | 2051-06-01      | 3.1000%  | 4.5100% | $1915000.00        | $1183094.45        | Corporate Debt Securities |
| SAKS GLOBAL ENTERPRISES LLC    SR SEC 144A NT29    | 2029-12-15      | 11.0000% | 4.5100% | $4000.00           | $1600.44           | Corporate Debt Securities |
| AERCAP IRELAND CAP DESIGNATED  JR SB GLBL NT 55    | 2055-03-10      | 6.9500%  | 4.5100% | $904000.00         | $942270.34         | Corporate Debt Securities |
| TOTAL CAP INTL                 SR GLBL NT 49       | 2049-07-12      | 3.4610%  | 4.5100% | $2164000.00        | $1510790.47        | Corporate Debt Securities |
| PATRICK INDS INC               SR GLBL 144A 32     | 2032-11-01      | 6.3750%  | 4.5100% | $1190000.00        | $1178987.05        | Corporate Debt Securities |
| KRONOS ACQUISITION HLDGS INC   SR SEC 144A NT31    | 2031-06-30      | 8.2500%  | 4.5100% | $2000.00           | $1806.01           | Corporate Debt Securities |
| DISH DBS CORPORATION           SR SEC GLBL 28      | 2028-12-01      | 5.7500%  | 4.5100% | $533000.00         | $467190.64         | Corporate Debt Securities |
| MEITUAN                        SR GLBL REGS 29     | 2029-10-02      | 4.6250%  | 4.5100% | $1700000.00        | $1703198.36        | Corporate Debt Securities |
| BANCO SANTANDER S.A.           ALT TIER I PERP     | 2028-11-21      | 9.6250%  | 4.5100% | $800000.00         | $882541.00         | Corporate Debt Securities |
| HLF FING SARL LLC / HERBALIFE  SR GLBL 144A 29     | 2029-06-01      | 4.8750%  | 4.5100% | $86000.00          | $72036.14          | Corporate Debt Securities |
| INTESA SANPAOLO S P A          FR 7.2%112833       | 2033-11-28      | 7.2000%  | 4.5100% | $338000.00         | $372972.86         | Corporate Debt Securities |
| SOCIETE GENERALE               FR 1.375%070825     | 2025-07-08      | 1.3750%  | 4.5100% | $111000.00         | $111214.63         | Corporate Debt Securities |
| PILGRIMS PRIDE CORP            SR GLBL NT 34       | 2034-05-15      | 6.8750%  | 4.5100% | $2000.00           | $2157.89           | Corporate Debt Securities |
| VAREX IMAGING CORP             SR SEC GLBL 27      | 2027-10-15      | 7.8750%  | 4.5100% | $2000.00           | $2007.99           | Corporate Debt Securities |
| IRON MOUNTAIN INFORMATION MANA SR GLBL 144A 32     | 2032-07-15      | 5.0000%  | 4.5100% | $545000.00         | $515321.12         | Corporate Debt Securities |
| TRTX ISSUER LTD 2021-FL4       A-S    20380317 FLT | 2038-03-17      | 5.8432%  | 4.5100% | $181500.00         | $181315.29         | Asset-Backed Securities   |

### Security 24: Credit Agricole Corporate and Investment Bank

- **C.1 - Title:** Credit Agricole Corporate and Investment Bank
- **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: RPEI4MQ77
- **C.18 - Value (incl. sponsor support):** $5000000.00
- **C.18.a - Value (excl. sponsor support):** $5000000.00
- **C.19 - Percentage of Net Assets:** 0.4000%
- **C.17 - Yield as of Reporting Date:** 4.4500%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-06
- **C.13 - Final Legal Maturity Date:** 2025-06-06
- **C.10 - Ratings:** Standard and Poors Short: A-1; Fitch Short: F1; Fitch Long: AA-; Standard and Poors Long: A+; Moodys Long: A1; Moodys Short: P-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, 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?:** Yes

**Collateral:**
| Issuer Name                                            | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                                          |
|:---|:---|:---|:---|:---|:---|:---|
| Federal National Mortgage Association                  | 2054-06-01      | 6.0000%  | 4.3900% | $5026.00           | $4593.73           | Agency Mortgage-Backed Securities                 |
| MS BOFA ML TRUST 2015-C27      B      20471217 FLT     | 2047-12-17      | 4.4808%  | 4.3900% | $651912.00         | $635612.58         | Private Label Collateralized Mortgage Obligations |
| MFI LLC 2022-B1                A      20371120 FLT     | 2037-11-20      | 6.3487%  | 4.3900% | $898500.00         | $898787.42         | Private Label Collateralized Mortgage Obligations |
| LEHMAN XS TRUST 2007-16N       1-A1   20470925 FLT     | 2047-09-25      | 5.3792%  | 4.3900% | $103810.00         | $12472.13          | Private Label Collateralized Mortgage Obligations |
| BANK 2020-BNK26                B      20630316 FLT     | 2063-03-16      | 2.9090%  | 4.3900% | $11701.00          | $10321.76          | Private Label Collateralized Mortgage Obligations |
| DIAMONDBACK ENERGY INC         SR GLBL NT 52           | 2052-03-15      | 4.2500%  | 4.3900% | $5000.00           | $3694.72           | Corporate Debt Securities                         |
| CONOCOPHILLIPS COMPANY         SR GLBL NT 32           | 2032-01-15      | 4.8500%  | 4.3900% | $7000.00           | $7141.72           | Corporate Debt Securities                         |
| J.P. MOG CHSE CML TR 2021-1440 A      20360317 FLT     | 2036-03-17      | 5.7435%  | 4.3900% | $101000.00         | $93414.31          | Private Label Collateralized Mortgage Obligations |
| MORGAN STAN CAP I  2015-UBS8   D      20481217 3.18000 | 2048-12-17      | 3.1800%  | 4.3900% | $83931.00          | $69306.33          | Private Label Collateralized Mortgage Obligations |
| ROGERS COMMUNICATIONS INC      SR NT 5%44              | 2044-03-15      | 5.0000%  | 4.3900% | $3297000.00        | $2898150.92        | Corporate Debt Securities                         |
| ZIPLY FIBER ISSUER LLC 2024-1  A-2    20540420 6.64000 | 2054-04-20      | 6.6400%  | 4.3900% | $25156.00          | $25807.20          | Asset-Backed Securities                           |
| ITC HLDGS CORP                 3.35%27                 | 2027-11-15      | 3.3500%  | 4.3900% | $111000.00         | $108016.97         | Corporate Debt Securities                         |
| JP MRGN CHASE COM TR 2021-NYAH C      20380615 FLT     | 2038-06-15      | 5.9835%  | 4.3900% | $318466.00         | $303877.18         | Private Label Collateralized Mortgage Obligations |
| MF1 LTD 2021-FL5               A-S    20360717 FLT     | 2036-07-17      | 5.6432%  | 4.3900% | $157500.00         | $149462.98         | Private Label Collateralized Mortgage Obligations |
| CSWF 2021-SOP2                 A      20340615 FLT     | 2034-06-15      | 5.5101%  | 4.3900% | $100000.00         | $29204.99          | Private Label Collateralized Mortgage Obligations |

### Security 25: MUFG Securities Americas Inc.

- **C.1 - Title:** MUFG Securities Americas Inc.
- **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: RPEK592A9
- **C.18 - Value (incl. sponsor support):** $35000000.00
- **C.18.a - Value (excl. sponsor support):** $35000000.00
- **C.19 - Percentage of Net Assets:** 2.8300%
- **C.17 - Yield as of Reporting Date:** 4.4600%
- **C.11 - Maturity Date (WAM):** 2025-06-02
- **C.12 - Maturity Date (WAL):** 2025-06-02
- **C.13 - Final Legal Maturity Date:** 2025-06-02
- **C.10 - Ratings:** Standard and Poors Long: A; Fitch Long: A-; Standard and Poors Short: A-1; Fitch Short: F1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** No

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

**Collateral:**
| Issuer Name                         | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category   |
|:---|:---|:---|:---|:---|:---|:---|
| MASTERCARD INCORPORATED        CL A | 2500-12-31      | 0.0000%  | 4.4000% | $20310.00          | $11734711.80       | Equities   |
| JPMORGAN CHASE & CO.           COM  | 2500-12-31      | 0.0000%  | 4.4000% | $62728.00          | $16583401.36       | Equities   |
| META PLATFORMS INC             CL A | 2500-12-31      | 0.0000%  | 4.4000% | $13072.00          | $8432093.60        | Equities   |

## N-MFP: Signatures

**Registrant:** First American Funds Trust

**Date:** 2025-06-06

**By:** Brent G. Smith

**Name of Signing Officer:** Brent G. Smith

**Title of Signing Officer:** Assistant Treasurer