Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Government Bonds (48.93%)

         
 

US Government and Agency Obligations (48.93%)

         
  $   20,000,000      Federal Farm Credit Banks Funding Corp.(a)   2.090%     06/18/40       $        14,158,215     
  12,000,000      Federal Farm Credit Banks Funding Corp.(a)   2.125%     05/21/40       8,290,107     
  5,000,000      Federal Farm Credit Banks Funding Corp.   2.800%     09/01/44       3,534,801     
  4,000,000      Federal Farm Credit Banks Funding Corp.   2.950%     12/28/37       3,382,009     
  18,000,000      Federal Farm Credit Banks Funding Corp.   3.100%     06/16/42       13,847,774     
  17,400,000      Federal Farm Credit Banks Funding Corp.(a)   4.850%     04/28/42       16,893,978     
  5,215,000      Federal Home Loan Banks(a)   2.070%     06/29/40       3,712,500     
  7,000,000      Federal Home Loan Banks(a)   2.170%     06/08/40       4,905,390     
  30,000,000      Federal Home Loan Banks(a),(b)   2.470%     04/30/40       22,103,442     
  30,000,000      Federal Home Loan Banks(a),(b)   2.490%     03/26/40       22,189,109     
  3,000,000      Federal Home Loan Banks   5.500%     07/15/36       3,234,673     
        

 

 

  
                     116,251,998         
        

 

 

  
 

Total Government Bonds

         
 

(Cost $151,732,312)

         116,251,998     
        

 

 

  
 

Mortgage-Backed Securities (6.67%)

         
 

Fannie Mae Bonds (4.24%)(c)

        
  202,243      Federal National Mortgage Association Pool 695409   5.500%     08/01/33       202,973     
  142,081      Federal National Mortgage Association Pool 732871   5.500%     10/01/33       142,594     
  92,999      Federal National Mortgage Association Pool 746980   5.500%     11/01/33       93,968     
  552,775      Federal National Mortgage Association Pool 747026   5.500%     02/01/34       554,876     
  88,889      Federal National Mortgage Association Pool 747021   5.500%     02/01/34       89,210     
  294,161      Federal National Mortgage Association Pool 747030   5.500%     02/01/34       295,224     
  185,194      Federal National Mortgage Association Pool 747042   5.500%     03/01/34       185,863     
  50,405      Federal National Mortgage Association Pool 801556   5.500%     12/01/34       51,543     
  181,948      Federal National Mortgage Association Pool 758591   5.500%     01/01/35       187,132     
  141,925      Federal National Mortgage Association Pool 801573   5.500%     01/01/35       145,968     
  105,956      Federal National Mortgage Association Pool 801557   5.500%     01/01/35       106,339     
  15,337      Federal National Mortgage Association Pool 801581   5.500%     02/01/35       15,591     
  569,836      Federal National Mortgage Association Pool 811723   5.500%     05/01/35       586,086     
  168,955      Federal National Mortgage Association Pool 811768   5.500%     06/01/35       172,772     
  725,759      Federal National Mortgage Association Pool 811769   5.500%     06/01/35       748,275     
  262,569      Federal National Mortgage Association Pool 811760   5.500%     06/01/35       263,518     
  732,399      Federal National Mortgage Association Pool 823332   5.500%     07/01/35       753,550     
  369,593      Federal National Mortgage Association Pool 823346   5.500%     07/01/35       379,671     
  234,326      Federal National Mortgage Association Pool 682079   6.000%     11/01/32       239,743     
  46,677      Federal National Mortgage Association Pool 654709   6.000%     03/01/33       47,756     
  107,414      Federal National Mortgage Association Pool 695401   6.000%     07/01/33       109,897     
  140,944      Federal National Mortgage Association Pool 695410   6.000%     08/01/33       144,202     
  210,106      Federal National Mortgage Association Pool 695415   6.000%     09/01/33       214,963     
  107,239      Federal National Mortgage Association Pool 695417   6.000%     09/01/33       109,717     
  125,689      Federal National Mortgage Association Pool 695419   6.000%     10/01/33       128,595     
  35,319      Federal National Mortgage Association Pool 695428   6.000%     11/01/33       36,136     
  198,707      Federal National Mortgage Association Pool 695423   6.000%     11/01/33       203,301     
  267,235      Federal National Mortgage Association Pool 695430   6.000%     12/01/33       273,412     
  36,398      Federal National Mortgage Association Pool 695431   6.000%     12/01/33       37,239     
  222,331      Federal National Mortgage Association Pool 695396   6.000%     12/01/33       227,470     
  159,663      Federal National Mortgage Association Pool 758632   6.000%     06/01/34       163,354     
  196,406      Federal National Mortgage Association Pool 758631   6.000%     06/01/34       200,946     
  185,406      Federal National Mortgage Association Pool 758639   6.000%     07/01/34       189,692     
  188,784      Federal National Mortgage Association Pool 758642   6.000%     07/01/34       193,148     
  110,379      Federal National Mortgage Association Pool 758660   6.000%     08/01/34       113,815     
  78,161      Federal National Mortgage Association Pool 758667   6.000%     09/01/34       79,968     
  92,274      Federal National Mortgage Association Pool 758565   6.000%     09/01/34       96,238     

 

      
    

 

1

Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Mortgage-Backed Securities (6.67%) (continued)

         
  $     178,001      Federal National Mortgage Association Pool 758694   6.000%     10/01/34       $         182,115     
  286,135      Federal National Mortgage Association Pool 758583   6.000%     12/01/34       300,194     
  552,341      Federal National Mortgage Association Pool 835565   6.000%     10/01/35       585,185     
  608,946      Federal National Mortgage Association Pool 909119   6.000%     11/01/37       645,221     
  44,791      Federal National Mortgage Association Pool 633637   6.500%     02/01/32       46,349     
  29,140      Federal National Mortgage Association Pool 695400   6.500%     07/01/33       30,154     
  88,487      Federal National Mortgage Association Pool 695414   6.500%     09/01/33       91,566     
  76,086      Federal National Mortgage Association Pool 695424   6.500%     11/01/33       78,734     
  60,891      Federal National Mortgage Association Pool 695429   6.500%     11/01/33       63,010     
  152,503      Federal National Mortgage Association Pool 758511   6.500%     12/01/33       157,811     
  100,853      Federal National Mortgage Association Pool 758561   6.500%     08/01/34       104,363     
        

 

 

  
                   10,069,447     
        

 

 

  
 

Freddie Mac Bonds (0.37%)(d)

        
  203,176      Federal Home Loan Mortgage Corp. Pool A12792   5.500%     08/01/33       204,132     
  131,085      Federal Home Loan Mortgage Corp. Pool A22037   5.500%     04/01/34       131,701     
  196,919      Federal Home Loan Mortgage Corp. Pool A34667   5.500%     02/01/35       199,978     
  114,568      Federal Home Loan Mortgage Corp. Pool A36944   5.500%     08/01/35       117,082     
  77,490      Federal Home Loan Mortgage Corp. Pool A15022   6.000%     10/01/33       79,366     
  55,903      Federal Home Loan Mortgage Corp. Pool A15962   6.000%     11/01/33       57,257     
  34,568      Federal Home Loan Mortgage Corp. Pool A19230   6.000%     06/01/34       35,404     
  38,764      Federal Home Loan Mortgage Corp. Pool A43753   6.000%     03/01/36       40,205     
  11,388      Federal Home Loan Mortgage Corp. Pool A65267   6.500%     08/01/37       11,480     
        

 

 

  
           876,605     
        

 

 

  
 

GNMA Bonds (2.06%)(e)

         
  83,618      Government National Mortgage Association Pool 590175   5.500%     08/15/33       83,498     
  109,092      Government National Mortgage Association Pool 572093   5.500%     02/15/34       109,145     
  113,228      Government National Mortgage Association Pool 631034   5.500%     11/15/34       117,795     
  95,883      Government National Mortgage Association Pool 593729   6.000%     07/15/33       97,819     
  19,739      Government National Mortgage Association Pool 593727   6.000%     08/15/33       19,972     
  34,755      Government National Mortgage Association Pool 622038   6.000%     09/15/33       35,075     
  20,975      Government National Mortgage Association Pool 593758   6.000%     10/15/33       21,163     
  27,331      Government National Mortgage Association Pool 607410   6.000%     10/15/33       27,571     
  42,837      Government National Mortgage Association Pool 607427   6.000%     11/15/33       43,222     
  18,971      Government National Mortgage Association Pool 607433   6.000%     11/15/33       19,142     
  79,107      Government National Mortgage Association Pool 622047   6.000%     11/15/33       79,866     
  111,204      Government National Mortgage Association Pool 607442   6.000%     12/15/33       112,415     
  141,323      Government National Mortgage Association Pool 593764   6.000%     12/15/33       143,614     
  40,361      Government National Mortgage Association Pool 593802   6.000%     01/15/34       40,751     
  93,086      Government National Mortgage Association Pool 622052   6.000%     01/15/34       94,413     
  103,407      Government National Mortgage Association Pool 572120   6.000%     07/15/34       104,551     
  131,610      Government National Mortgage Association Pool 572127   6.000%     08/15/34       138,892     
  120,150      Government National Mortgage Association Pool 572153   6.000%     01/15/35       126,800     
  113,248      Government National Mortgage Association Pool 572155   6.000%     02/15/35       119,319     
  38,364      Government National Mortgage Association Pool 449303   6.500%     01/15/27       39,228     
  30,392      Government National Mortgage Association Pool 437641   6.500%     02/15/27       31,076     
  43,863      Government National Mortgage Association Pool 437632   6.500%     02/15/27       44,851     
  39,944      Government National Mortgage Association Pool 449308   6.500%     05/15/27       40,843     
  40,589      Government National Mortgage Association Pool 451945   6.500%     08/15/27       41,503     
  36,933      Government National Mortgage Association Pool 445512   6.500%     12/15/27       37,764     
  39,443      Government National Mortgage Association Pool 449358   6.500%     12/15/27       39,679     
  36,337      Government National Mortgage Association Pool 449357   6.500%     12/15/27       37,155     
  44,183      Government National Mortgage Association Pool 476750   6.500%     08/15/28       45,178     
  47,973      Government National Mortgage Association Pool 508625   6.500%     10/15/28       48,029     
  61,107      Government National Mortgage Association Pool 494894   6.500%     11/15/28       62,483     
  55,660      Government National Mortgage Association Pool 495007   6.500%     01/15/29       56,913     
  42,740      Government National Mortgage Association Pool 495038   6.500%     05/15/29       42,870     
  28,237      Government National Mortgage Association Pool 495070   6.500%     07/15/29       28,212     
  45,149      Government National Mortgage Association Pool 495078   6.500%     09/15/29       45,260     

 

      

 

2

     

Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Mortgage-Backed Securities (6.67%) (continued)

         
  $      31,902      Government National Mortgage Association Pool 495081   6.500%     10/15/29       $          32,620     
  58,220      Government National Mortgage Association Pool 508608   6.500%     12/15/29       58,496     
  47,313      Government National Mortgage Association Pool 528301   6.500%     12/15/29       47,443     
  42,628      Government National Mortgage Association Pool 528302   6.500%     01/15/30       42,755     
  35,763      Government National Mortgage Association Pool 528300   6.500%     01/15/30       36,065     
  44,625      Government National Mortgage Association Pool 528298   6.500%     01/15/30       44,708     
  70,179      Government National Mortgage Association Pool 528390   6.500%     04/15/30       70,551     
  57,698      Government National Mortgage Association Pool 528386   6.500%     04/15/30       57,938     
  69,742      Government National Mortgage Association Pool 528381   6.500%     04/15/30       70,107     
  43,625      Government National Mortgage Association Pool 528389   6.500%     05/15/30       43,727     
  47,933      Government National Mortgage Association Pool 528399   6.500%     05/15/30       48,145     
  35,729      Government National Mortgage Association Pool 528412   6.500%     06/15/30       35,774     
  29,730      Government National Mortgage Association Pool 528413   6.500%     06/15/30       29,705     
  25,000      Government National Mortgage Association Pool 554080   6.500%     06/15/30       25,372     
  25,000      Government National Mortgage Association Pool 554080   6.500%     07/15/30       25,466     
  25,000      Government National Mortgage Association Pool 554080   6.500%     09/15/30       25,554     
  91,676      Government National Mortgage Association Pool 528505   6.500%     10/15/30       92,868     
  25,000      Government National Mortgage Association Pool 554080   6.500%     10/15/30       25,646     
  25,000      Government National Mortgage Association Pool 554080   6.500%     12/15/30       25,754     
  25,000      Government National Mortgage Association Pool 554080   6.500%     02/15/31       25,866     
  25,000      Government National Mortgage Association Pool 554080   6.500%     03/15/31       25,976     
  25,000      Government National Mortgage Association Pool 554080   6.500%     05/15/31       26,087     
  25,000      Government National Mortgage Association Pool 554080   6.500%     06/15/31       26,201     
  239,061      Government National Mortgage Association Pool 553975   6.500%     08/15/31       244,353     
  169,178      Government National Mortgage Association Pool 554064   6.500%     10/15/31       172,887     
  178,510      Government National Mortgage Association Pool 553996   6.500%     10/15/31       182,286     
  124,652      Government National Mortgage Association Pool 553970   6.500%     10/15/31       127,443     
  39,063      Government National Mortgage Association Pool 554080   6.500%     11/15/31       41,173     
  95,760      Government National Mortgage Association Pool 553982   6.500%     11/15/31       97,386     
  145,738      Government National Mortgage Association Pool 553981   6.500%     11/15/31       149,001     
  53,770      Government National Mortgage Association Pool 554037   6.500%     12/15/31       54,029     
  102,697      Government National Mortgage Association Pool 568321   6.500%     04/15/32       104,933     
  79,639      Government National Mortgage Association Pool 530752   6.500%     11/15/32       80,188     
  179,337      Government National Mortgage Association Pool 607296   6.500%     04/15/33       183,497     
  68,619      Government National Mortgage Association Pool 607404   6.500%     09/15/33       69,788     
  23,902      Government National Mortgage Association Pool 607412   6.500%     10/15/33       24,333     
  116,800      Government National Mortgage Association Pool 607444   6.500%     11/15/33       119,600     
  53,783      Government National Mortgage Association Pool 622048   6.500%     11/15/33       54,676     
  39,336      Government National Mortgage Association Pool 607445   6.500%     12/15/33       40,030     
  38,920      Government National Mortgage Association Pool 593794   6.500%     01/15/34       39,621     
        

 

 

  
                   4,904,115     
        

 

 

  
 

Total Mortgage-Backed Securities

         
 

(Cost $15,478,121)

         15,850,167     
        

 

 

  
 

Municipal Bonds (49.38%)

         
 

California (0.97%)

         
  3,050,000     

San Diego County Regional Transportation Commission, Series A, Revenue Bonds(a),(f)

  3.248%     04/01/48       2,297,855     
        

 

 

  
 

Michigan (6.18%)

         
  19,375,000      University of Michigan, Series B, Revenue Bonds(a),(f)   2.437%     04/01/40       14,686,299     
        

 

 

  
 

New York (18.30%)

         
  14,525,000     

New York City Transitional Finance Authority Future Tax Secured Revenue, Series B-3, Revenue Bonds(a),(f)

  2.250%     08/01/37       11,090,985     
  7,295,000     

New York City Transitional Finance Authority Future Tax Secured Revenue, Series B-3, Revenue Bonds(a),(f)

  2.300%     08/01/38       5,449,441     
  5,000,000     

New York City Transitional Finance Authority Future Tax Secured Revenue, Series B-3, Revenue Bonds(a),(f)

  3.800%     08/01/29       4,902,567     
  5,382,266     

New York State Dormitory Authority, Build America Bonds Series H, Revenue Bonds(f)

  5.289%     03/15/33       5,451,451     

 

      
    

 

3

Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Municipal Bonds (49.38%) (continued)

        
  $   15,900,000     

New York State Dormitory Authority, Build America Bonds Series H, Revenue Bonds(f)

  5.389%     03/15/40       $        15,839,575    
  744,924     

New York State Dormitory Authority, Build America Bonds Series D, Revenue Bonds(f)

  5.600%     03/15/40       746,251    
        

 

 

  
           43,480,270    
        

 

 

  
 

Oregon (3.06%)

        
  9,495,000     

City of Portland, Series B, General Obligation Unlimited(a)

  2.450%     06/15/39       7,274,139    
        

 

 

  
 

Puerto Rico (17.00%)

        
  838,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Capital Appreciation Restructured Series A-1, Revenue Bonds(f),(g)

   0.000%     07/01/27       813,111    
  1,144,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Capital Appreciation Restructured Series A-1, Revenue Bonds(a),(f),(g)

  0.000%     07/01/29       1,042,789    
  1,477,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Capital Appreciation Restructured Series A-1, Revenue Bonds(a),(f),(g)

  0.000%     07/01/31       1,262,637    
  1,662,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Capital Appreciation Restructured Series A-1, Revenue Bonds(a),(f),(g)

  0.000%     07/01/33       1,318,896    
  15,809,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Capital Appreciation Restructured Series A-1, Revenue Bonds(a),(f),(g)

  0.000%     07/01/46       5,880,371    
  12,879,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Capital Appreciation Restructured Series A-1, Revenue Bonds(a),(f),(g)

  0.000%     07/01/51       3,498,927    
  6,255,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-2, Revenue Bonds(a),(f)

  4.329%     07/01/40       6,255,978    
  187,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-2, Revenue Bonds(a),(f)

  4.536%     07/01/53       178,071    
  615,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-1, Revenue Bonds(a),(f)

  4.550%     07/01/40       616,972    
  1,376,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Taxable Restructured Series A-2, Revenue Bonds(a),(f)

  4.550%     07/01/40       1,194,621    
  4,518,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-1, Revenue Bonds(a),(f)

  4.750%     07/01/53       4,460,263    
  2,508,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-2, Revenue Bonds(a),(f)

  4.784%     07/01/58       2,453,218    
  11,425,000     

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured Series A-1, Revenue Bonds(a),(f)

  5.000%     07/01/58       11,406,462    
        

 

 

  
           40,382,316    
        

 

 

  
 

Texas (3.87%)

        
  2,430,000      North Texas Municipal Water District Upper East Fork Wastewater Interceptor System, Revenue Bonds(a),(f)   2.125%     06/01/39       1,978,900    
  2,480,000     

North Texas Municipal Water District Upper East Fork Wastewater Interceptor System, Revenue Bonds(a),(f)

  2.125%     06/01/40       1,980,029    
  2,500,000     

North Texas Municipal Water District Upper East Fork Wastewater Interceptor System, Revenue Bonds(a),(f)

  2.250%     06/01/42       1,951,890    
  4,000,000     

State of Texas, General Obligation Unlimited(a)

  3.211%     04/01/44       3,270,451    
        

 

 

  
        9,181,270    
        

 

 

  
 

Total Municipal Bonds

        
 

(Cost $132,015,843)

         117,302,149    
        

 

 

  
 

Total Investments (104.98%)

        
 

(Cost $299,226,276)

         $       249,404,314    
 

Liabilities in Excess of Other Assets (-4.98%)

                (11,839,814 )   

 

 

  
 

NET ASSETS (100.00%)

         $       237,564,500    

 

 

  

 

      

 

4

     

Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

(a)

Security may be called before its maturity date.

 
(b)

A portion or all of the security has been pledged as collateral for reverse repurchase agreements.

 
(c)

Puerto Rico Fannie Mae Taxable - Represents mortgage-backed obligations guaranteed by the Federal National Mortgage Association. They are subject to principal paydowns as a result of prepayments or refinancing of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity.

 
(d)

Puerto Rico Freddie Mac - Represents mortgage-backed obligations guaranteed by the Federal Home Loan Mortgage Corporation. They are subject to principal paydowns as a result of prepayments or refinancing of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity.

 
(e)

Puerto Rico GNMA - Represents mortgage-backed obligations guaranteed by the Government National Mortgage Association. They are subject to principal paydowns as a result of prepayments or refinancing of the underlying mortgage instruments. As a result, the average life may be substantially less than the original maturity.

 
(f)

Revenue Bonds - issued by agencies and payable from revenues and other sources of income of the agency as specified in the applicable prospectus. These obligations are not an obligation of the Commonwealth of Puerto Rico.

 
(g)

Issued with a zero coupon. Income is recognized through the accretion of discount.

 

 

Counter-
party		   Collateral Pledged   Interest
Rate		   Settlement
Date		   Maturity
Date		   Repurchase
Amount		     Collateral at
Fair Value		     Value      

Goldman Sachs(a)

 

Federal Home Loan Banks

2.490% due 3/26/2040

   3.82%   6/23/2026   7/1/2026     $950,806     $ 14,050,905         $950,000    

Goldman Sachs(a)

 

Federal Home Loan Banks

2.490% due 3/26/2040

   3.83%   6/23/2026   7/7/2026   $ 4,606,851     $ 14,050,905         $4,600,000    

JP Morgan Chase & Co.(a)

  

Federal Home Loan Banks

2.470% due 4/30/2040

   3.79%   6/23/2026   7/7/2026   $ 7,988,242     $ 14,050,905         $7,976,485    
             

 

 

                  $13,526,485    
             

 

 

 

(a)

Collateral received or posted is limited to the net securities sold under reverse repurchase agreements liability amounts. See above for actual collateral received and posted.

 

 

      
    

 

5