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SHORT TERM INVESTMENT FUND FOR PUERTO RICO RESIDENTS, INC.
2024-06-30
Short Term Investment Fund for Puerto Rico Residents, Inc.
Class A
PRALX
This annual shareholder report contains important information about Short Term Investment Fund for Puerto Rico Residents, Inc. (the “Fund”) for the period from July 1, 2023, to June 30, 2024.
annual shareholder report
You can find additional information about the Fund at <div style="text-decoration: underline; letter-spacing: 0px; top: 0px;display:inline;">www.ubs.com/prfunds</div>. You can also request this information by contacting us at <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">787-250-3600.</div></div>
www.ubs.com/prfunds
787-250-3600
<div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt; font-family: Arial;"><div style="font-weight:bold;display:inline;">What were the Fund costs for last year? </div></div><div style="margin-top: 10pt; margin-bottom: 0pt; font-size: 9pt; font-family: Arial;"><div style="font-weight:bold;display:inline;">Annual Fund Operating Expenses </div></div><div style="margin-top:2pt; margin-bottom:0pt; font-size:9pt; font-family:Arial">(based on a hypothetical $10,000 investment) </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:9pt;width:100%;border:0;margin:0 auto">
<tr>
<td></td>
<td style="vertical-align:bottom;width:7%"></td>
<td></td>
<td style="vertical-align:bottom;width:7%"></td>
<td></td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9pt">
<td style="vertical-align:bottom"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Class</div></div><br/> <div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 9pt; font-family: Arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Name</div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom;white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Cost of a $10,000</div></div><br/> <div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 9pt; font-family: Arial; line-height: normal;"><div style="font-weight:bold;display:inline;">investment</div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom;white-space:nowrap"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Costs paid as a<br/>percentage of a $10,000</div></div> <div style="margin-bottom: 1pt; margin-top: 0pt; font-size: 9pt; font-family: Arial; line-height: normal;"><div style="font-weight:bold;display:inline;">investment</div></div></td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9pt">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:top;text-align:center;">Class A</td>
<td style=" BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;">$100</td>
<td style=" BORDER-TOP:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">1%</div></div></td></tr></table>
100
0.01
<div style="margin-top: 4pt; margin-bottom: 0pt; font-size: 12pt; font-family: Arial;"><div style="font-weight:bold;display:inline;">How did the Fund perform last year and what affected its performance? </div></div><div style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Arial;text-align:justify">The performance of the Fund is mainly driven by the level of short-term interest rates. During the Fund’s fiscal year, the Federal Reserve maintained interest rates at or above 5%. This increased the Fund’s net investment income by approximately $300,000. Since the Fund distributes 100% of its net investment income, dividends to shareholders were higher. The Fund also distributed $301,279 in capital gains. Fund performance is also affected by its size. During the fiscal year average assets decreased approximately $51 million. This caused the Fund’s expense ratio to exceed 1.00%. This increase was offset by the waiver of $87,123 in expenses by the adviser. During the fiscal year ended June 30, 2024, the Fund’s current investment strategies did not cause performance to materially deviate from expectations. </div>
<div style="margin-top:0pt;margin-bottom:0pt;text-align:center">
<img alt="LOGO" src="g890089g53b13.jpg"/>
</div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:12pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:69%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td>
<td style="vertical-align:bottom;width:1%"></td>
<td></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="5" style="border-bottom:2.00pt solid #000000;vertical-align:bottom;text-align:center;"><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Average Annual Total Returns</div></div></div><br/><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">as of June 30, 2024</div></div></div></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:top"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> 1-Year </div></div></div></div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> 5-Year </div></div></div></div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> 10-Year </div></div></div></div></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:16pt; font-size:12pt; font-family:Arial">Short Term Investment Fund for Puerto Rico Residents, Inc.</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">4.82%</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">1.62%</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">0.97%</div></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:16pt; font-size:12pt; font-family:Arial">Bloomberg U.S. Aggregate Bond Index</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">2.63%</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">-0.23%</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">1.35%</div></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:12pt">
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:16pt; font-size:12pt; font-family:Arial">ICE BofA 3 Month US Treasury Bill Index</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">5.43%</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">2.17%</div></td>
<td style=" BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.50pt solid #000000;vertical-align:bottom;white-space:nowrap;text-align:center;"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:16pt; font-size:12pt; font-family:Arial;text-align:center">1.52%</div></td></tr></table>
Short Term Investment Fund for Puerto Rico Residents, Inc.
0.0482
0.0162
0.0097
Bloomberg U.S. Aggregate Bond Index
0.0263
-0.0023
0.0135
ICE BofA 3 Month US Treasury Bill Index
0.0543
0.0217
0.0152
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:78%"></td>
<td style="vertical-align:bottom;width:6%"></td>
<td></td>
<td></td>
<td></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<td style="vertical-align:top"><div style="font-family: Arial; font-size: 12pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">Key Fund Statistics</div></div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom"></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style="font-size: 4pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: Arial; line-height: normal;"><div style="font-weight:bold;display:inline;">FUND STATISTICS</div></div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td></tr>
<tr style="font-size:1pt">
<td style="height:3.75pt"></td>
<td colspan="4" style="height:3.75pt"></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:13.5pt; font-size:9pt; font-family:Arial">Total Net Assets</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial;text-align:right">$66,909,124</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial"> </div></td></tr>
<tr style="font-size:1pt">
<td style="height:3.75pt"></td>
<td colspan="4" style="height:3.75pt"></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:13.5pt; font-size:9pt; font-family:Arial"># of Portfolio Holdings</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial;text-align:right">6</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial"> </div></td></tr>
<tr style="font-size:1pt">
<td style="height:3.75pt"></td>
<td colspan="4" style="height:3.75pt"></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:13.5pt; font-size:9pt; font-family:Arial">Portfolio Turnover Rate</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial;text-align:right">0.00%</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial"> </div></td></tr>
<tr style="font-size:1pt">
<td style="height:3.75pt"></td>
<td colspan="4" style="height:3.75pt"></td></tr>
<tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:13.5pt; font-size:9pt; font-family:Arial">Total Advisory Fees Paid</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial;text-align:right">$411,847</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:13.5pt; font-size:9pt; font-family:Arial"> </div></td></tr></table>
66909124
6
0
411847
0.809
0.075
0.03
0.03
0.03
<div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt; font-family: Arial;"><div style="font-weight:bold;display:inline;">Fund Holdings Summaries </div></div><div style="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Arial">The Fund’s portfolio consists 100% of high-quality, liquid, short-term U.S. agency discount notes. </div>
<table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:Arial; font-size:8pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:88%"></td>
<td style="vertical-align:bottom;width:6%"></td>
<td></td>
<td></td>
<td></td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9pt">
<td style="vertical-align:top"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;display:inline;"><div style="background: none; letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div></div></td>
<td style="vertical-align:bottom"> </td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:9pt">
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div><div style="margin-top: 0pt; margin-bottom: 1pt; margin-left: 1em; text-indent: -1em; font-size: 9pt; font-family: Arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Top 5 Holdings (% of Net Assets)</div></div></td>
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<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"><div style="font-size: x-small; letter-spacing: 0px; top: 0px;display:inline;"> </div></td>
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<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:10pt; font-size:8pt; font-family:Arial">Federal Home Loan Bank Discount Note, 0.00%, due 07/01/24</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial;text-align:right">80.9%</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td></tr>
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<td colspan="4" style="height:3.75pt"></td></tr>
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<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:10pt; font-size:8pt; font-family:Arial">Federal Home Loan Bank Discount Note, 0.00%, due 07/02/24</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial;text-align:right">7.5%</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td></tr>
<tr style="font-size:1pt">
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<td colspan="4" style="height:3.75pt"></td></tr>
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<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:10pt; font-size:8pt; font-family:Arial">Federal Home Loan Bank Discount Note, 0.00%, due 07/03/24</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial;text-align:right">3.0%</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td></tr>
<tr style="font-size:1pt">
<td style="height:3.75pt"></td>
<td colspan="4" style="height:3.75pt"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:8pt">
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:10pt; font-size:8pt; font-family:Arial">Federal Home Loan Bank Discount Note, 0.00%, due 07/09/24</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial;text-align:right">3.0%</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td></tr>
<tr style="font-size:1pt">
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<td colspan="4" style="height:3.75pt"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Arial; font-size:8pt">
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; line-height:10pt; font-size:8pt; font-family:Arial">Federal Home Loan Bank Discount Note, 0.00%, due 07/10/24</div></td>
<td style=" BORDER-BOTTOM:1.00pt solid #a8a8a8;vertical-align:bottom"> </td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial;text-align:right">3.0%</div></td>
<td style="BORDER-BOTTOM:1.00pt solid #a8a8a8;white-space:nowrap;vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; line-height:10pt; font-size:8pt; font-family:Arial"> </div></td></tr></table><div style="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Arial">The following table shows the ratings of the Fund’s portfolio securities as of June 30, 2024. The ratings used are the highest rating given by <div style="display:inline;">one </div>of the three nationally recognized rating agencies, Fitch Ratings (Fitch), Moody’s Investors Service (Moody’s), and S&P Global Ratings (S&P). Ratings are subject to change. </div>
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<td colspan="3" style="BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom"><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 12pt; font-family: Arial; line-height: normal;"><div style="font-weight:bold;display:inline;">Rating</div></div><div style="margin-top: 0pt; margin-bottom: 1pt; font-size: 12pt; font-family: Arial; line-height: normal;"><div style="font-weight:bold;display:inline;">(% of Total Portfolio)</div></div></td></tr>
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<td style="vertical-align:top"><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; text-indent: -1em; font-size: 12pt; font-family: Arial; line-height: normal;">AAA</div></td>
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<td style="vertical-align:bottom;white-space:nowrap;text-align:center;"><div style="font-family: Arial; letter-spacing: 0px; top: 0px;display:inline;">100.00%</div></td></tr></table>
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