# EDGAR Filing Document

**Accession Number:** 0001947660
**File Stem:** 0001193125-25-268902
**Filing Date:** 2025-11
**Character Count:** 33357
**Document Hash:** 326c94e82eea34f63cc5934622805eb4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-268902.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001193125-25-268902

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Popular U.S. Government Money Market Fund, LLC
- **CENTRAL INDEX KEY:** 0001947660

**ORGANIZATION NAME:**
- **EIN:** 661020075
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23868
- **FILM NUMBER:** 251457390

**BUSINESS ADDRESS:**
- **STREET 1:** POPULAR CENTER, NORTH BUILDING 2ND LEVEL
- **STREET 2:** 209 MUNOZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 787-754-4488

**MAIL ADDRESS:**
- **STREET 1:** POPULAR CENTER, NORTH BUILDING 2ND LEVEL
- **STREET 2:** 209 MUNOZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

## Series and Classes Contracts Data

### Popular U.S. Government Money Market Fund, LLC (Series ID: S000080765)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000243299 | Class A Withholding Shares                   | MMYXX           |
| C000243300 | Class I Institutional Withholding Shares     | MMFXX           |
| C000248258 | Class A Non-Withholding Shares               | MMTXX           |
| C000248259 | Class I Institutional Non-Withholding Shares | MMGXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0001947660

### General Information

**Report for (YYYY-MM-DD):** 2025-10-31

**Registrant Full Name:** Popular U.S. Government Money Market Fund, LLC

**CIK Number of Registrant:** 0001947660

**LEI of Registrant:** 254900LABPXNR5C4GB73

**Name of Series:** Popular U.S. Government Money Market Fund, LLC

**LEI of Series:** 254900LABPXNR5C4GB73

**EDGAR Series Identifier:** S000080765

**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            | Popular Asset Management LLC                     | 801-120872        |
| Independent Public Accountant | Ernst & Young LLP<br>City: San Juan<br>State: PR |  |
| Administrator                 | Apex Fund Services                               |  |
| Transfer Agent                | Apex Fund Services<br>CIK: 0001419200            | 084-06277         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 333-271265

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

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

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

- **Money Market Fund Category:** Government

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

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

- **WAM:** 9 days

- **WAL:** 9 days

- **Total Value of Portfolio Securities:** $1263878654.23

- **Amortized Cost of Portfolio Securities:** $1263878654.23

- **Cash:** $144766.96

- **Total Other Assets:** $58421.82

- **Total Liabilities:** $4282902.32

- **Net Assets of Series:** $1259798940.69

- **Number of Shares Outstanding (Series):** 1259798940.2900

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

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

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

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-10-01 | $924881401.54             | $1196251773.69             | 77.3000%                  | 99.9800%                   |
| 2025-10-02 | $669414588.24             | $1196284582.85             | 55.9500%                  | 99.9900%                   |
| 2025-10-03 | $691710793.91             | $1232331619.46             | 56.1300%                  | 100.0000%                  |
| 2025-10-06 | $686347134.42             | $1227027121.23             | 55.9200%                  | 99.9800%                   |
| 2025-10-07 | $858079249.35             | $1226248150.47             | 69.9600%                  | 99.9800%                   |
| 2025-10-08 | $634603304.20             | $1203646653.24             | 52.7100%                  | 99.9700%                   |
| 2025-10-09 | $792589747.51             | $1200967115.27             | 65.9800%                  | 99.9800%                   |
| 2025-10-10 | $624171548.78             | $1198688653.99             | 52.0700%                  | 100.0000%                  |
| 2025-10-14 | $713028424.60             | $1192570311.34             | 59.7700%                  | 99.9700%                   |
| 2025-10-15 | $568080395.73             | $1211530146.50             | 46.8800%                  | 99.9800%                   |
| 2025-10-16 | $570516334.62             | $1217870609.97             | 46.8400%                  | 99.9900%                   |
| 2025-10-17 | $744362931.67             | $1251231539.94             | 59.4900%                  | 99.9900%                   |
| 2025-10-20 | $674619022.68             | $1246085856.52             | 54.1300%                  | 99.9800%                   |
| 2025-10-21 | $702155797.11             | $1228271316.28             | 57.1600%                  | 99.9800%                   |
| 2025-10-22 | $597814345.68             | $1234155676.13             | 48.4300%                  | 99.9800%                   |
| 2025-10-23 | $694283788.00             | $1227610439.32             | 56.5500%                  | 99.9800%                   |
| 2025-10-24 | $693212046.37             | $1243513091.23             | 55.7400%                  | 99.9900%                   |
| 2025-10-27 | $521254799.15             | $1232340461.12             | 42.2900%                  | 99.9900%                   |
| 2025-10-28 | $691361049.55             | $1231103036.13             | 56.1300%                  | 99.9500%                   |
| 2025-10-29 | $554364789.82             | $1256467474.76             | 44.1200%                  | 99.9900%                   |
| 2025-10-30 | $694200332.81             | $1248645956.37             | 55.5900%                  | 99.9800%                   |
| 2025-10-31 | $746307478.34             | $1264127924.59             | 59.0400%                  | 100.0000%                  |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-10-01 | 4.0700%             |
| 2025-10-02 | 4.0600%             |
| 2025-10-03 | 4.0600%             |
| 2025-10-06 | 4.0400%             |
| 2025-10-07 | 4.0300%             |
| 2025-10-08 | 4.0300%             |
| 2025-10-09 | 4.0400%             |
| 2025-10-10 | 4.0400%             |
| 2025-10-14 | 4.0600%             |
| 2025-10-15 | 4.0600%             |
| 2025-10-16 | 4.0600%             |
| 2025-10-17 | 4.0600%             |
| 2025-10-20 | 4.0600%             |
| 2025-10-21 | 4.0600%             |
| 2025-10-22 | 4.0600%             |
| 2025-10-23 | 4.0700%             |
| 2025-10-24 | 4.0700%             |
| 2025-10-27 | 4.0700%             |
| 2025-10-28 | 4.0700%             |
| 2025-10-29 | 4.0600%             |
| 2025-10-30 | 4.0400%             |
| 2025-10-31 | 4.0200%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-10-01 | 1.0000                      |
|  |  |
| 2025-10-02 | 0.9999                      |
|  |  |
| 2025-10-03 | 0.9998                      |
|  |  |
| 2025-10-06 | 1.0000                      |
|  |  |
| 2025-10-07 | 0.9999                      |
|  |  |
| 2025-10-08 | 1.0000                      |
|  |  |
| 2025-10-09 | 0.9999                      |
|  |  |
| 2025-10-10 | 0.9998                      |
|  |  |
| 2025-10-14 | 0.9999                      |
|  |  |
| 2025-10-15 | 0.9999                      |
|  |  |
| 2025-10-16 | 0.9999                      |
|  |  |
| 2025-10-17 | 0.9998                      |
|  |  |
| 2025-10-20 | 0.9999                      |
|  |  |
| 2025-10-21 | 0.9999                      |
|  |  |
| 2025-10-22 | 0.9999                      |
|  |  |
| 2025-10-23 | 0.9999                      |
|  |  |
| 2025-10-24 | 0.9998                      |
|  |  |
| 2025-10-27 | 0.9999                      |
|  |  |
| 2025-10-28 | 1.0000                      |
|  |  |
| 2025-10-29 | 1.0000                      |
|  |  |
| 2025-10-30 | 1.0000                      |
|  |  |
| 2025-10-31 | 0.9998                      |
|  |  |

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

### Class: Class A Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $569797471.62

- **Number of Shares Outstanding:** 569797471.4400

- **Expense Reimbursement/Waiver:** 10540.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0000          |
|  |  |
| 2025-10-02 | 0.9999          |
|  |  |
| 2025-10-03 | 0.9998          |
|  |  |
| 2025-10-06 | 1.0000          |
|  |  |
| 2025-10-07 | 0.9999          |
|  |  |
| 2025-10-08 | 1.0000          |
|  |  |
| 2025-10-09 | 0.9999          |
|  |  |
| 2025-10-10 | 0.9998          |
|  |  |
| 2025-10-14 | 0.9999          |
|  |  |
| 2025-10-15 | 0.9999          |
|  |  |
| 2025-10-16 | 0.9999          |
|  |  |
| 2025-10-17 | 0.9998          |
|  |  |
| 2025-10-20 | 0.9999          |
|  |  |
| 2025-10-21 | 0.9999          |
|  |  |
| 2025-10-22 | 0.9999          |
|  |  |
| 2025-10-23 | 0.9999          |
|  |  |
| 2025-10-24 | 0.9998          |
|  |  |
| 2025-10-27 | 0.9999          |
|  |  |
| 2025-10-28 | 1.0000          |
|  |  |
| 2025-10-29 | 1.0000          |
|  |  |
| 2025-10-30 | 1.0000          |
|  |  |
| 2025-10-31 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $12849174.12              | $3246107.47             |
| 2025-10-02 | $4284358.17               | $2164026.47             |
| 2025-10-03 | $17568922.88              | $3645004.59             |
| 2025-10-06 | $1671229.52               | $6277550.09             |
| 2025-10-07 | $1813154.15               | $2204133.81             |
| 2025-10-08 | $6565665.80               | $9709460.85             |
| 2025-10-09 | $3332007.13               | $3053357.67             |
| 2025-10-10 | $6452455.23               | $2033434.02             |
| 2025-10-14 | $6135128.87               | $4649838.84             |
| 2025-10-15 | $9027733.26               | $3758490.31             |
| 2025-10-16 | $10965851.85              | $3012003.78             |
| 2025-10-17 | $11029903.20              | $866267.58              |
| 2025-10-20 | $2396661.67               | $4875413.34             |
| 2025-10-21 | $4974131.96               | $24519046.86            |
| 2025-10-22 | $6053489.74               | $10947026.49            |
| 2025-10-23 | $6544593.82               | $7285334.79             |
| 2025-10-24 | $10961066.01              | $2345313.59             |
| 2025-10-27 | $5087183.56               | $7225478.28             |
| 2025-10-28 | $6761806.86               | $9745989.52             |
| 2025-10-29 | $8719170.38               | $1335499.76             |
| 2025-10-30 | $4644340.61               | $9380227.21             |
| 2025-10-31 | $21003565.80              | $5058852.13             |

**Total Gross Subscriptions (Month):** $168841594.59

**Total Gross Redemptions (Month):** $127337857.45

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 3.5400%           |
| 2025-10-02 | 3.5400%           |
| 2025-10-03 | 3.5300%           |
| 2025-10-06 | 3.5200%           |
| 2025-10-07 | 3.5200%           |
| 2025-10-08 | 3.5200%           |
| 2025-10-09 | 3.5300%           |
| 2025-10-10 | 3.5500%           |
| 2025-10-14 | 3.5500%           |
| 2025-10-15 | 3.5500%           |
| 2025-10-16 | 3.5500%           |
| 2025-10-17 | 3.5500%           |
| 2025-10-20 | 3.5500%           |
| 2025-10-21 | 3.5500%           |
| 2025-10-22 | 3.5500%           |
| 2025-10-23 | 3.5600%           |
| 2025-10-24 | 3.5600%           |
| 2025-10-27 | 3.5600%           |
| 2025-10-28 | 3.5600%           |
| 2025-10-29 | 3.5500%           |
| 2025-10-30 | 3.5300%           |
| 2025-10-31 | 3.4700%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 100.0000%        | 0.0000%              |

### Class: Class I Institutional Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $5224091.41

- **Number of Shares Outstanding:** 5224091.4100

- **Expense Reimbursement/Waiver:** 104.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0000          |
|  |  |
| 2025-10-02 | 0.9999          |
|  |  |
| 2025-10-03 | 0.9998          |
|  |  |
| 2025-10-06 | 1.0000          |
|  |  |
| 2025-10-07 | 0.9999          |
|  |  |
| 2025-10-08 | 1.0000          |
|  |  |
| 2025-10-09 | 0.9999          |
|  |  |
| 2025-10-10 | 0.9998          |
|  |  |
| 2025-10-14 | 0.9999          |
|  |  |
| 2025-10-15 | 0.9999          |
|  |  |
| 2025-10-16 | 0.9999          |
|  |  |
| 2025-10-17 | 0.9998          |
|  |  |
| 2025-10-20 | 0.9999          |
|  |  |
| 2025-10-21 | 0.9999          |
|  |  |
| 2025-10-22 | 0.9999          |
|  |  |
| 2025-10-23 | 0.9999          |
|  |  |
| 2025-10-24 | 0.9998          |
|  |  |
| 2025-10-27 | 0.9999          |
|  |  |
| 2025-10-28 | 1.0000          |
|  |  |
| 2025-10-29 | 1.0000          |
|  |  |
| 2025-10-30 | 1.0000          |
|  |  |
| 2025-10-31 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $214290.55                | $85830.03               |
| 2025-10-02 | $340797.28                | $2223797.91             |
| 2025-10-03 | $6196.71                  | $237248.83              |
| 2025-10-06 | $106501.08                | $40434.97               |
| 2025-10-07 | $2519.38                  | $4666.75                |
| 2025-10-08 | $158.76                   | $375144.72              |
| 2025-10-09 | $5831.75                  | $146299.26              |
| 2025-10-10 | $897.47                   | $148793.85              |
| 2025-10-14 | $7071.56                  | $353630.42              |
| 2025-10-15 | $100866.56                | $268635.61              |
| 2025-10-16 | $573859.66                | $137049.64              |
| 2025-10-17 | $417.90                   | $96760.86               |
| 2025-10-20 | $250406.69                | $35662.48               |
| 2025-10-21 | $100829.00                | $0.00                   |
| 2025-10-22 | $209422.91                | $2872.24                |
| 2025-10-23 | $859.12                   | $33315.50               |
| 2025-10-24 | $61150.92                 | $881002.67              |
| 2025-10-27 | $50686.12                 | $32225.40               |
| 2025-10-28 | $136909.31                | $5000.00                |
| 2025-10-29 | $1133235.80               | $2311.79                |
| 2025-10-30 | $0.00                     | $171936.00              |
| 2025-10-31 | $680.91                   | $945631.47              |

**Total Gross Subscriptions (Month):** $3303589.44

**Total Gross Redemptions (Month):** $6228250.40

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 3.3600%           |
| 2025-10-02 | 3.3700%           |
| 2025-10-03 | 3.4000%           |
| 2025-10-06 | 3.4100%           |
| 2025-10-07 | 3.4200%           |
| 2025-10-08 | 3.4200%           |
| 2025-10-09 | 3.4300%           |
| 2025-10-10 | 3.4400%           |
| 2025-10-14 | 3.4500%           |
| 2025-10-15 | 3.4500%           |
| 2025-10-16 | 3.4500%           |
| 2025-10-17 | 3.4500%           |
| 2025-10-20 | 3.4500%           |
| 2025-10-21 | 3.4500%           |
| 2025-10-22 | 3.4500%           |
| 2025-10-23 | 3.4600%           |
| 2025-10-24 | 3.4600%           |
| 2025-10-27 | 3.4600%           |
| 2025-10-28 | 3.4500%           |
| 2025-10-29 | 3.4400%           |
| 2025-10-30 | 3.4300%           |
| 2025-10-31 | 3.3700%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 100.0000%        | 0.0000%              |

### Class: Class A Non-Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $670521165.30

- **Number of Shares Outstanding:** 670521165.0900

- **Expense Reimbursement/Waiver:** 12237.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0000          |
|  |  |
| 2025-10-02 | 0.9999          |
|  |  |
| 2025-10-03 | 0.9998          |
|  |  |
| 2025-10-06 | 1.0000          |
|  |  |
| 2025-10-07 | 0.9999          |
|  |  |
| 2025-10-08 | 1.0000          |
|  |  |
| 2025-10-09 | 0.9999          |
|  |  |
| 2025-10-10 | 0.9998          |
|  |  |
| 2025-10-14 | 0.9999          |
|  |  |
| 2025-10-15 | 0.9999          |
|  |  |
| 2025-10-16 | 0.9999          |
|  |  |
| 2025-10-17 | 0.9998          |
|  |  |
| 2025-10-20 | 0.9999          |
|  |  |
| 2025-10-21 | 0.9999          |
|  |  |
| 2025-10-22 | 0.9999          |
|  |  |
| 2025-10-23 | 0.9999          |
|  |  |
| 2025-10-24 | 0.9998          |
|  |  |
| 2025-10-27 | 0.9999          |
|  |  |
| 2025-10-28 | 1.0000          |
|  |  |
| 2025-10-29 | 1.0000          |
|  |  |
| 2025-10-30 | 1.0000          |
|  |  |
| 2025-10-31 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $8079217.38               | $3290615.36             |
| 2025-10-02 | $3628306.57               | $4212304.31             |
| 2025-10-03 | $26419812.24              | $3038595.82             |
| 2025-10-06 | $11300272.62              | $11998269.87            |
| 2025-10-07 | $2136388.43               | $2761966.00             |
| 2025-10-08 | $2119721.22               | $20440716.89            |
| 2025-10-09 | $3509912.70               | $6568558.03             |
| 2025-10-10 | $2691853.69               | $9819072.00             |
| 2025-10-14 | $7282464.32               | $14702270.14            |
| 2025-10-15 | $17414867.33              | $3616366.83             |
| 2025-10-16 | $3833304.53               | $6083712.66             |
| 2025-10-17 | $27075891.99              | $3740623.93             |
| 2025-10-20 | $981441.71                | $4105871.55             |
| 2025-10-21 | $4011224.63               | $2708246.73             |
| 2025-10-22 | $11128898.67              | $1054211.14             |
| 2025-10-23 | $37045986.78              | $42614889.54            |
| 2025-10-24 | $10463177.18              | $2148603.19             |
| 2025-10-27 | $678079.22                | $10253716.87            |
| 2025-10-28 | $2720610.08               | $876394.02              |
| 2025-10-29 | $14033172.13              | $667359.17              |
| 2025-10-30 | $471946.55                | $3471713.54             |
| 2025-10-31 | $17387658.06              | $16147717.10            |

**Total Gross Subscriptions (Month):** $214414208.03

**Total Gross Redemptions (Month):** $174321794.69

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 3.5400%           |
| 2025-10-02 | 3.5400%           |
| 2025-10-03 | 3.5300%           |
| 2025-10-06 | 3.5200%           |
| 2025-10-07 | 3.5200%           |
| 2025-10-08 | 3.5200%           |
| 2025-10-09 | 3.5300%           |
| 2025-10-10 | 3.5500%           |
| 2025-10-14 | 3.5500%           |
| 2025-10-15 | 3.5500%           |
| 2025-10-16 | 3.5500%           |
| 2025-10-17 | 3.5500%           |
| 2025-10-20 | 3.5500%           |
| 2025-10-21 | 3.5500%           |
| 2025-10-22 | 3.5600%           |
| 2025-10-23 | 3.5600%           |
| 2025-10-24 | 3.5600%           |
| 2025-10-27 | 3.5600%           |
| 2025-10-28 | 3.5600%           |
| 2025-10-29 | 3.5500%           |
| 2025-10-30 | 3.5300%           |
| 2025-10-31 | 3.4700%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 100.0000%        | 0.0000%              |

### Class: Class I Institutional Non-Withholding Shares

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $14256212.36

- **Number of Shares Outstanding:** 14256212.3500

- **Expense Reimbursement/Waiver:** 711.00

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0000          |
|  |  |
| 2025-10-02 | 0.9999          |
|  |  |
| 2025-10-03 | 0.9998          |
|  |  |
| 2025-10-06 | 1.0000          |
|  |  |
| 2025-10-07 | 0.9999          |
|  |  |
| 2025-10-08 | 1.0000          |
|  |  |
| 2025-10-09 | 0.9999          |
|  |  |
| 2025-10-10 | 0.9998          |
|  |  |
| 2025-10-14 | 0.9999          |
|  |  |
| 2025-10-15 | 0.9999          |
|  |  |
| 2025-10-16 | 0.9999          |
|  |  |
| 2025-10-17 | 0.9998          |
|  |  |
| 2025-10-20 | 0.9999          |
|  |  |
| 2025-10-21 | 0.9999          |
|  |  |
| 2025-10-22 | 0.9999          |
|  |  |
| 2025-10-23 | 0.9999          |
|  |  |
| 2025-10-24 | 0.9998          |
|  |  |
| 2025-10-27 | 0.9999          |
|  |  |
| 2025-10-28 | 1.0000          |
|  |  |
| 2025-10-29 | 1.0000          |
|  |  |
| 2025-10-30 | 1.0000          |
|  |  |
| 2025-10-31 | 0.9998          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $285419.22                | $47684.36               |
| 2025-10-02 | $325840.73                | $103109.28              |
| 2025-10-03 | $20887.35                 | $1343878.95             |
| 2025-10-06 | $151513.65                | $343184.55              |
| 2025-10-07 | $25208.84                 | $19024.64               |
| 2025-10-08 | $137021.31                | $344487.21              |
| 2025-10-09 | $12430.16                 | $19206.83               |
| 2025-10-10 | $272561.13                | $126263.31              |
| 2025-10-14 | $140620.34                | $149489.33              |
| 2025-10-15 | $157053.69                | $322741.60              |
| 2025-10-16 | $105254.31                | $81722.16               |
| 2025-10-17 | $14688.31                 | $299435.33              |
| 2025-10-20 | $7311.86                  | $3849.90                |
| 2025-10-21 | $151212.40                | $807.06                 |
| 2025-10-22 | $394016.88                | $28054.19               |
| 2025-10-23 | $8967.63                  | $331122.89              |
| 2025-10-24 | $1268.97                  | $464860.50              |
| 2025-10-27 | $201694.91                | $16761.17               |
| 2025-10-28 | $57296.16                 | $4002.77                |
| 2025-10-29 | $2935719.52               | $2500.00                |
| 2025-10-30 | $1648.12                  | $0.00                   |
| 2025-10-31 | $1712416.57               | $2847316.73             |

**Total Gross Subscriptions (Month):** $7120052.06

**Total Gross Redemptions (Month):** $6899502.76

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 3.5500%           |
| 2025-10-02 | 3.5500%           |
| 2025-10-03 | 3.5700%           |
| 2025-10-06 | 3.5800%           |
| 2025-10-07 | 3.5900%           |
| 2025-10-08 | 3.5900%           |
| 2025-10-09 | 3.5900%           |
| 2025-10-10 | 3.6100%           |
| 2025-10-14 | 3.6100%           |
| 2025-10-15 | 3.6200%           |
| 2025-10-16 | 3.6200%           |
| 2025-10-17 | 3.6200%           |
| 2025-10-20 | 3.6200%           |
| 2025-10-21 | 3.6200%           |
| 2025-10-22 | 3.6200%           |
| 2025-10-23 | 3.6200%           |
| 2025-10-24 | 3.6300%           |
| 2025-10-27 | 3.6300%           |
| 2025-10-28 | 3.6200%           |
| 2025-10-29 | 3.6100%           |
| 2025-10-30 | 3.5900%           |
| 2025-10-31 | 3.5400%           |

**Beneficial/Record Owner Categories**
| Category   | Other Category         | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Other      | FINANCIAL INTERMEDIARY | 99.2500%         | 0.0000%              |

## Part C: Schedule of Portfolio Securities

### Security 1: FHLMC DISCOUNT NOTE

- **C.1 - Title:** FHLMC DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313397QJ3, C.4 - ISIN: US313397QJ33, C.3 - LEI: S6XOOCT0IEG5ABCC6L87
- **C.18 - Value (incl. sponsor support):** $129442444.42
- **C.18.a - Value (excl. sponsor support):** $129442444.42
- **C.19 - Percentage of Net Assets:** 10.2700%
- **C.17 - Yield as of Reporting Date:** 3.8800%
- **C.11 - Maturity Date (WAM):** 2025-12-11
- **C.12 - Maturity Date (WAL):** 2025-12-11
- **C.13 - Final Legal Maturity Date:** 2025-12-11
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 2: FNMA DISCOUNT NOTE

- **C.1 - Title:** FNMA DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589NU3, C.4 - ISIN: US313589NU39, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $211753999.44
- **C.18.a - Value (excl. sponsor support):** $211753999.44
- **C.19 - Percentage of Net Assets:** 16.8100%
- **C.17 - Yield as of Reporting Date:** 3.9100%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2025-11-03
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: FNMA DISCOUNT NOTE

- **C.1 - Title:** FNMA DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589NW9, C.4 - ISIN: US313589NW94, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $213308895.09
- **C.18.a - Value (excl. sponsor support):** $213308895.09
- **C.19 - Percentage of Net Assets:** 16.9300%
- **C.17 - Yield as of Reporting Date:** 3.8500%
- **C.11 - Maturity Date (WAM):** 2025-11-05
- **C.12 - Maturity Date (WAL):** 2025-11-05
- **C.13 - Final Legal Maturity Date:** 2025-11-05
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: FNMA DISCOUNT NOTE

- **C.1 - Title:** FNMA DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589NY5, C.4 - ISIN: US313589NY50, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $79949333.33
- **C.18.a - Value (excl. sponsor support):** $79949333.33
- **C.19 - Percentage of Net Assets:** 6.3500%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2025-11-07
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: FNMA DISCOUNT NOTE

- **C.1 - Title:** FNMA DISCOUNT NOTE
- **C.6 - Investment Category:** U.S. Government Agency Debt (if categorized as no-coupon discount notes)
- **Identifiers:** C.3 - CUSIP: 313589PB3, C.4 - ISIN: US313589PB30, C.3 - LEI: B1V7KEBTPIMZEU4LTD58
- **C.18 - Value (incl. sponsor support):** $95009298.38
- **C.18.a - Value (excl. sponsor support):** $95009298.38
- **C.19 - Percentage of Net Assets:** 7.5400%
- **C.17 - Yield as of Reporting Date:** 3.8200%
- **C.11 - Maturity Date (WAM):** 2025-11-10
- **C.12 - Maturity Date (WAL):** 2025-11-10
- **C.13 - Final Legal Maturity Date:** 2025-11-10
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 6: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QP5, C.4 - ISIN: US912797QP55, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $218484689.33
- **C.18.a - Value (excl. sponsor support):** $218484689.33
- **C.19 - Percentage of Net Assets:** 17.3400%
- **C.17 - Yield as of Reporting Date:** 3.8000%
- **C.11 - Maturity Date (WAM):** 2025-11-06
- **C.12 - Maturity Date (WAL):** 2025-11-06
- **C.13 - Final Legal Maturity Date:** 2025-11-06
- **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 7: UNITED STATES TREASURY BILL

- **C.1 - Title:** UNITED STATES TREASURY BILL
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RM1, C.4 - ISIN: US912797RM16, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $215929994.24
- **C.18.a - Value (excl. sponsor support):** $215929994.24
- **C.19 - Percentage of Net Assets:** 17.1400%
- **C.17 - Yield as of Reporting Date:** 3.8900%
- **C.11 - Maturity Date (WAM):** 2025-11-04
- **C.12 - Maturity Date (WAL):** 2025-11-04
- **C.13 - Final Legal Maturity Date:** 2025-11-04
- **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 8: FIXED INCOME CLEARING CORPORATION (REPO BNY)

- **C.1 - Title:** FIXED INCOME CLEARING CORPORATION (REPO BNY) 4.100000%
- **C.6 - Investment Category:** U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash
- **Identifiers:** C.3 - CUSIP: N/A, C.3 - LEI: N/A
- **C.18 - Value (incl. sponsor support):** $100000000.00
- **C.18.a - Value (excl. sponsor support):** $100000000.00
- **C.19 - Percentage of Net Assets:** 7.9400%
- **C.17 - Yield as of Reporting Date:** 4.1000%
- **C.11 - Maturity Date (WAM):** 2025-11-03
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2025-11-03
- **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? No, C.23 Categorized at Level 3? No

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

- **Is Open?:** No

- **Is Cleared?:** Yes

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

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

**Collateral:**
| Issuer Name                                  | Maturity Date   | Coupon   | Yield   | Principal Amount   | Collateral Value   | Category                           |
|:---|:---|:---|:---|:---|:---|:---|
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2028-11-30      | 0.0000%  | 0.0000% | $95327.20          | $98305946.43       | U.S. Treasuries (including strips) |
| FIXED INCOME CLEARING CORPORATION (REPO BNY) | 2031-02-28      | 0.0000%  | 0.0000% | $3585.00           | $3728955.44        | U.S. Treasuries (including strips) |

## N-MFP: Signatures

**Registrant:** Popular U.S. Government Money Market Fund, LLC

**Date:** 2025-11-05

**By:** /s/James Gallo

**Name of Signing Officer:** James Gallo

**Title of Signing Officer:** Treasurer