GNMA & US Government Target Maturity Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Government Bonds (23.73%)

         
 

US Government and Agency Obligations (23.73%)

         
  $   10,000,000      Federal Home Loan Banks(a)   1.500%     07/20/32     $        8,431,422           
        

 

 

  
 
 Total Government Bonds
(Cost $10,000,000)		         8,431,422     
        

 

 

  
 

Mortgage-Backed Securities (55.45%)

         
 

GNMA Bonds (55.45%)(b)

        
  292,304      Government National Mortgage Association Pool 678422   5.000%     04/15/38       289,684     
  47,101      Government National Mortgage Association Pool 688685   5.000%     05/15/38       47,030     
  220,883      Government National Mortgage Association Pool 688686   5.000%     05/15/38       218,921     
  90,551      Government National Mortgage Association Pool 593759   5.500%     11/15/33       90,778     
  138,821      Government National Mortgage Association Pool 593777   5.500%     12/15/33       139,719     
  42,526      Government National Mortgage Association Pool 631037   5.500%     12/15/34       43,978     
  61,178      Government National Mortgage Association Pool 669726   5.500%     05/15/37       63,544     
  199,808      Government National Mortgage Association Pool 670312   5.500%     05/15/37       206,006     
  281,126      Government National Mortgage Association Pool 681553   5.500%     09/15/38       283,635     
  293,943      Government National Mortgage Association Pool 702941   5.500%     11/15/38       296,641     
  122,428      Government National Mortgage Association Pool 702953   5.500%     12/15/38       122,557     
  195,724      Government National Mortgage Association Pool 702980   5.500%     02/15/39       197,400     
  28,923      Government National Mortgage Association Pool 487395   6.000%     02/15/29       28,942     
  28,665      Government National Mortgage Association Pool 487425   6.000%     03/15/29       28,629     
  38,345      Government National Mortgage Association Pool 494925   6.000%     03/15/29       38,377     
  42,482      Government National Mortgage Association Pool 487482   6.000%     05/15/29       42,502     
  58,774      Government National Mortgage Association Pool 487535   6.000%     06/15/29       58,864     
  111,892      Government National Mortgage Association Pool 487561   6.000%     06/15/29       114,082     
  45,468      Government National Mortgage Association Pool 487539   6.000%     07/15/29       45,501     
  44,883      Government National Mortgage Association Pool 487540   6.000%     07/15/29       44,899     
  130,967      Government National Mortgage Association Pool 509249   6.000%     08/15/29       133,609     
  31,404      Government National Mortgage Association Pool 495080   6.000%     09/15/29       31,414     
  63,268      Government National Mortgage Association Pool 509191   6.000%     09/15/29       63,366     
  232,972      Government National Mortgage Association Pool 515276   6.000%     10/15/29       236,844     
  43,168      Government National Mortgage Association Pool 509253   6.000%     11/15/29       43,195     
  136,470      Government National Mortgage Association Pool 515346   6.000%     01/15/30       137,742     
  181,676      Government National Mortgage Association Pool 515303   6.000%     01/15/30       185,354     
  140,313      Government National Mortgage Association Pool 515345   6.000%     01/15/30       141,621     
  55,170      Government National Mortgage Association Pool 515325   6.000%     03/15/30       56,343     
  42,370      Government National Mortgage Association Pool 515402   6.000%     06/15/30       42,397     
  268,715      Government National Mortgage Association Pool 515470   6.000%     08/15/30       273,907     
  301,061      Government National Mortgage Association Pool 515471   6.000%     09/15/30       306,035     
  610,175      Government National Mortgage Association Pool 515496   6.000%     09/15/30       622,376     
  194,085      Government National Mortgage Association Pool 529772   6.000%     11/15/30       198,704     
  191,335      Government National Mortgage Association Pool 529771   6.000%     11/15/30       195,550     
  144,482      Government National Mortgage Association Pool 529774   6.000%     11/15/30       147,725     
  210,621      Government National Mortgage Association Pool 529773   6.000%     11/15/30       215,442     
  140,753      Government National Mortgage Association Pool 529821   6.000%     12/15/30       145,087     
  88,051      Government National Mortgage Association Pool 529823   6.000%     01/15/31       90,227     
  101,389      Government National Mortgage Association Pool 529822   6.000%     01/15/31       103,884     
  120,422      Government National Mortgage Association Pool 529820   6.000%     01/15/31       123,511     
  87,424      Government National Mortgage Association Pool 529932   6.000%     04/15/31       90,224     
  221,449      Government National Mortgage Association Pool 553984   6.000%     06/15/31       224,312     
  125,033      Government National Mortgage Association Pool 487351   6.000%     07/15/31       129,019     
  111,783      Government National Mortgage Association Pool 509178   6.000%     07/15/31       114,883     
  35,623      Government National Mortgage Association Pool 487455   6.000%     07/15/31       36,060     
  121,835      Government National Mortgage Association Pool 509180   6.000%     08/15/31       123,190     
  134,943      Government National Mortgage Association Pool 487396   6.000%     08/15/31       138,753     
  122,027      Government National Mortgage Association Pool 553952   6.000%     10/15/31       123,401     
  50,406      Government National Mortgage Association Pool 553986   6.000%     11/15/31       50,515     

 

      
    

 

1

GNMA & US Government Target Maturity Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Mortgage-Backed Securities (55.45%) (continued)

         
  $      119,543      Government National Mortgage Association Pool 583198   6.000%     03/15/32     $          120,940     
  61,414      Government National Mortgage Association Pool 583262   6.000%     06/15/32       61,514     
  218,683      Government National Mortgage Association Pool 568334   6.000%     08/15/32       221,803     
  44,918      Government National Mortgage Association Pool 530802   6.000%     01/15/33       44,997     
  69,035      Government National Mortgage Association Pool 530807   6.000%     02/15/33       69,163     
  330,489      Government National Mortgage Association Pool 572028   6.000%     02/15/33       335,919     
  96,771      Government National Mortgage Association Pool 554111   6.000%     03/15/33       97,836     
  160,610      Government National Mortgage Association Pool 593682   6.000%     04/15/33       163,233     
  535,907      Government National Mortgage Association Pool 593715   6.000%     05/15/33       545,559     
  140,007      Government National Mortgage Association Pool 572043   6.000%     05/15/33       142,216     
  102,226      Government National Mortgage Association Pool 607348   6.000%     06/15/33       103,534     
  388,463      Government National Mortgage Association Pool 607388   6.000%     06/15/33       394,923     
  318,053      Government National Mortgage Association Pool 572048   6.000%     06/15/33       323,447     
  229,248      Government National Mortgage Association Pool 593693   6.000%     06/15/33       233,127     
  541,089      Government National Mortgage Association Pool 593733   6.000%     07/15/33       551,221     
  417,703      Government National Mortgage Association Pool 593717   6.000%     07/15/33       425,266     
  270,817      Government National Mortgage Association Pool 607389   6.000%     08/15/33       275,889     
  426,812      Government National Mortgage Association Pool 593760   6.000%     08/15/33       434,433     
  171,189      Government National Mortgage Association Pool 572063   6.000%     09/15/33       173,938     
  259,461      Government National Mortgage Association Pool 593778   6.000%     11/15/33       264,043     
  572,574      Government National Mortgage Association Pool 593789   6.000%     11/15/33       583,571     
  150,484      Government National Mortgage Association Pool 607462   6.000%     12/15/33       152,768     
  162,822      Government National Mortgage Association Pool 572102   6.000%     04/15/34       165,369     
  390,642      Government National Mortgage Association Pool 572104   6.000%     04/15/34       398,201     
  399,160      Government National Mortgage Association Pool 607512   6.000%     05/15/34       406,631     
  103,060      Government National Mortgage Association Pool 572112   6.000%     06/15/34       104,201     
  115,007      Government National Mortgage Association Pool 592864   6.000%     01/15/36       120,491     
  51,645      Government National Mortgage Association Pool 669729   6.000%     05/15/37       53,881     
  6,751      Government National Mortgage Association Pool 647682   6.000%     06/15/37       6,784     
  81,343      Government National Mortgage Association Pool 678511   6.000%     11/15/37       84,866     
  167,481      Government National Mortgage Association Pool 678523   6.000%     12/15/37       176,406     
  129,328      Government National Mortgage Association Pool 681588   6.000%     10/15/38       136,280     
  42,924      Government National Mortgage Association Pool 681589   6.000%     10/15/38       44,784     
  29,670      Government National Mortgage Association Pool 449365   6.500%     04/15/27       30,338     
  41,410      Government National Mortgage Association Pool 426829   6.500%     05/15/27       42,342     
  38,203      Government National Mortgage Association Pool 445572   6.500%     05/15/27       38,238     
  39,613      Government National Mortgage Association Pool 445574   6.500%     06/15/27       39,675     
  40,707      Government National Mortgage Association Pool 448296   6.500%     06/15/27       40,772     
  33,795      Government National Mortgage Association Pool 449314   6.500%     06/15/27       33,799     
  38,110      Government National Mortgage Association Pool 449313   6.500%     06/15/27       38,127     
  36,735      Government National Mortgage Association Pool 449327   6.500%     07/15/27       36,776     
  45,129      Government National Mortgage Association Pool 449335   6.500%     07/15/27       45,169     
  45,276      Government National Mortgage Association Pool 449334   6.500%     07/15/27       45,322     
  40,511      Government National Mortgage Association Pool 449319   6.500%     07/15/27       40,538     
  32,377      Government National Mortgage Association Pool 451283   6.500%     07/15/27       32,404     
  36,038      Government National Mortgage Association Pool 451279   6.500%     07/15/27       36,051     
  41,189      Government National Mortgage Association Pool 449336   6.500%     07/15/27       41,178     
  26,226      Government National Mortgage Association Pool 449352   6.500%     08/15/27       26,198     
  35,552      Government National Mortgage Association Pool 451301   6.500%     08/15/27       35,617     
  33,289      Government National Mortgage Association Pool 449341   6.500%     08/15/27       33,294     
  45,748      Government National Mortgage Association Pool 451295   6.500%     08/15/27       45,824     
  38,835      Government National Mortgage Association Pool 449337   6.500%     08/15/27       38,902     
  34,431      Government National Mortgage Association Pool 453704   6.500%     10/15/27       35,206     
  46,036      Government National Mortgage Association Pool 460530   6.500%     01/15/28       46,111     
  47,114      Government National Mortgage Association Pool 456381   6.500%     02/15/28       47,350     
  34,791      Government National Mortgage Association Pool 456321   6.500%     02/15/28       34,806     
  26,764      Government National Mortgage Association Pool 470912   6.500%     03/15/28       26,788     

 

      

 

2

     

GNMA & US Government Target Maturity Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Mortgage-Backed Securities (55.45%) (continued)

         
  $       38,413      Government National Mortgage Association Pool 469501   6.500%     03/15/28     $           38,489     
  37,055      Government National Mortgage Association Pool 456382   6.500%     04/15/28       37,121     
  29,383      Government National Mortgage Association Pool 471909   6.500%     04/15/28       29,417     
  36,004      Government National Mortgage Association Pool 460594   6.500%     04/15/28       36,057     
  42,443      Government National Mortgage Association Pool 456398   6.500%     04/15/28       42,539     
  40,221      Government National Mortgage Association Pool 469532   6.500%     04/15/28       40,303     
  42,747      Government National Mortgage Association Pool 469527   6.500%     04/15/28       42,874     
  36,076      Government National Mortgage Association Pool 469524   6.500%     04/15/28       36,105     
  44,693      Government National Mortgage Association Pool 469540   6.500%     05/15/28       44,772     
  35,861      Government National Mortgage Association Pool 469544   6.500%     05/15/28       35,928     
  40,103      Government National Mortgage Association Pool 471914   6.500%     05/15/28       40,190     
  44,106      Government National Mortgage Association Pool 471940   6.500%     06/15/28       44,184     
  31,740      Government National Mortgage Association Pool 471933   6.500%     06/15/28       31,746     
  29,754      Government National Mortgage Association Pool 470937   6.500%     06/15/28       29,725     
  47,022      Government National Mortgage Association Pool 469579   6.500%     07/15/28       47,118     
  37,819      Government National Mortgage Association Pool 469575   6.500%     07/15/28       37,861     
  38,447      Government National Mortgage Association Pool 476738   6.500%     07/15/28       38,491     
  49,897      Government National Mortgage Association Pool 476753   6.500%     08/15/28       50,018     
  43,329      Government National Mortgage Association Pool 471982   6.500%     08/15/28       43,444     
  70,381      Government National Mortgage Association Pool 487279   6.500%     09/15/28       70,940     
  49,576      Government National Mortgage Association Pool 508627   6.500%     09/15/28       49,718     
  33,900      Government National Mortgage Association Pool 476778   6.500%     09/15/28       33,923     
  29,316      Government National Mortgage Association Pool 487280   6.500%     09/15/28       29,355     
  47,448      Government National Mortgage Association Pool 487316   6.500%     10/15/28       47,594     
  34,526      Government National Mortgage Association Pool 487309   6.500%     10/15/28       34,550     
  26,834      Government National Mortgage Association Pool 476776   6.500%     10/15/28       26,809     
  37,565      Government National Mortgage Association Pool 476777   6.500%     10/15/28       37,649     
  39,856      Government National Mortgage Association Pool 494928   6.500%     12/15/28       39,956     
  36,798      Government National Mortgage Association Pool 487342   6.500%     12/15/28       36,839     
  33,629      Government National Mortgage Association Pool 487373   6.500%     01/15/29       33,653     
  31,332      Government National Mortgage Association Pool 494926   6.500%     01/15/29       31,381     
  33,567      Government National Mortgage Association Pool 494927   6.500%     01/15/29       33,632     
  60,292      Government National Mortgage Association Pool 494941   6.500%     01/15/29       60,792     
  38,454      Government National Mortgage Association Pool 494929   6.500%     01/15/29       38,504     
  43,476      Government National Mortgage Association Pool 494930   6.500%     01/15/29       43,559     
  49,094      Government National Mortgage Association Pool 487392   6.500%     02/15/29       49,222     
  73,376      Government National Mortgage Association Pool 495006   6.500%     03/15/29       74,182     
  43,595      Government National Mortgage Association Pool 487426   6.500%     03/15/29       43,683     
  59,944      Government National Mortgage Association Pool 487429   6.500%     03/15/29       60,192     
  39,019      Government National Mortgage Association Pool 495000   6.500%     03/15/29       39,103     
  81,159      Government National Mortgage Association Pool 494973   6.500%     03/15/29       81,985     
  47,500      Government National Mortgage Association Pool 494993   6.500%     03/15/29       47,621     
  44,083      Government National Mortgage Association Pool 494895   6.500%     03/15/29       44,344     
  42,717      Government National Mortgage Association Pool 487450   6.500%     04/15/29       42,801     
  37,943      Government National Mortgage Association Pool 495010   6.500%     04/15/29       38,032     
  44,276      Government National Mortgage Association Pool 495029   6.500%     05/15/29       44,412     
  40,934      Government National Mortgage Association Pool 487479   6.500%     05/15/29       41,007     
  38,167      Government National Mortgage Association Pool 487512   6.500%     06/15/29       38,257     
  46,638      Government National Mortgage Association Pool 500634   6.500%     07/15/29       46,787     
  42,389      Government National Mortgage Association Pool 500652   6.500%     08/15/29       42,476     
  34,564      Government National Mortgage Association Pool 509215   6.500%     09/15/29       34,598     
  39,414      Government National Mortgage Association Pool 515287   6.500%     09/15/29       39,528     
  43,183      Government National Mortgage Association Pool 515286   6.500%     10/15/29       43,279     
  32,891      Government National Mortgage Association Pool 509225   6.500%     12/15/29       32,914     
  33,693      Government National Mortgage Association Pool 509264   6.500%     12/15/29       33,722     
  34,088      Government National Mortgage Association Pool 515354   6.500%     04/15/30       34,122     
  47,617      Government National Mortgage Association Pool 515352   6.500%     04/15/30       47,755     

 

      
Quarterly Report | June 30, 2026   

 

3

GNMA & US Government Target Maturity Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Mortgage-Backed Securities (55.45%) (continued)

         
  $       53,215      Government National Mortgage Association Pool 515427   6.500%     06/15/30     $           53,438     
  69,461      Government National Mortgage Association Pool 515426   6.500%     07/15/30       70,214     
  63,620      Government National Mortgage Association Pool 515492   6.500%     10/15/30       63,940     
  61,079      Government National Mortgage Association Pool 515518   6.500%     11/15/30       61,304     
  42,252      Government National Mortgage Association Pool 529875   6.500%     04/15/31       42,337     
  111,053      Government National Mortgage Association Pool 529931   6.500%     05/15/31       113,912     
  42,814      Government National Mortgage Association Pool 556228   6.500%     09/15/31       42,921     
  210,970      Government National Mortgage Association Pool 556266   6.500%     09/15/31       215,706     
  316,742      Government National Mortgage Association Pool 556286   6.500%     10/15/31       323,970     
  180,077      Government National Mortgage Association Pool 556285   6.500%     10/15/31       184,071     
  260,639      Government National Mortgage Association Pool 556322   6.500%     12/15/31       266,726     
  86,067      Government National Mortgage Association Pool 556298   6.500%     12/15/31       87,077     
  41,634      Government National Mortgage Association Pool 509177   6.500%     02/15/32       41,731     
  37,515      Government National Mortgage Association Pool 448265   7.000%     04/15/27       37,656     
  42,244      Government National Mortgage Association Pool 449347   7.000%     08/15/27       42,403     
  45,943      Government National Mortgage Association Pool 449346   7.000%     08/15/27       46,116     
  33,817      Government National Mortgage Association Pool 453523   7.000%     08/15/27       33,944     
  36,419      Government National Mortgage Association Pool 453519   7.000%     08/15/27       36,556     
  42,294      Government National Mortgage Association Pool 449348   7.000%     08/15/27       42,453     
  39,070      Government National Mortgage Association Pool 453516   7.000%     08/15/27       39,217     
  41,034      Government National Mortgage Association Pool 453513   7.000%     08/15/27       41,188     
  40,761      Government National Mortgage Association Pool 298996   7.000%     09/15/27       40,914     
  45,895      Government National Mortgage Association Pool 494987   7.000%     03/15/29       46,080     
  45,444      Government National Mortgage Association Pool 528542   7.000%     12/15/30       45,654     
  33,091      Government National Mortgage Association Pool 426805   7.500%     08/15/26       32,802     
        

 

 

  
        19,702,026     
        

 

 

  
 

Total Mortgage-Backed Securities

         
 

(Cost $19,419,913)

         19,702,026     
        

 

 

  
 

Municipal Bonds (20.26%)

         
 

Puerto Rico (20.26%)

         
  150,000     

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

  0.000%     07/01/27       145,545     
  204,000     

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

  0.000%     07/01/29       185,952     
  263,000     

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

  0.000%     07/01/31       224,830     
  296,000     

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

  0.000%     07/01/33       234,894     
  2,817,000     

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

  0.000%     07/01/46       1,047,821     
  2,294,000     

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

  0.000%     07/01/51       623,227     
  1,114,000     

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

  4.329%     07/01/40       1,114,174     
  217,000     

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

  4.500%     07/01/34       217,024     
  34,000     

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

  4.536%     07/01/53       32,376     
  109,000     

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

  4.550%     07/01/40       109,349     

 

      

 

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    (787) 764-1788 | www.ubs.com/prfunds

GNMA & US Government Target Maturity Fund for Puerto Rico Residents, Inc.   Schedule of Investments
  June 30, 2026 (Unaudited)

 

Principal Amount/ Description   Rate      Maturity      Fair Value  
 

Municipal Bonds (20.26%) (continued)

         
  $      805,000     

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

  4.750%     07/01/53     $           794,713     
  447,000     

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

  4.784%     07/01/58       437,236     
  2,035,000     

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

  5.000%     07/01/58       2,031,698     
        

 

 

  
        7,198,839     
        

 

 

  
 

Total Municipal Bonds

         
 

(Cost $7,058,646)

         7,198,839     
        

 

 

  
           

 

 

  
 

Total Investments (99.44%)

         
 

(Cost $36,478,559)

       $ 35,332,287     
 

Assets in Excess of Other Liabilities (0.56%)

         197,836     

 

 

  
 

NET ASSETS (100.00%)

       $ 35,530,123     

 

 

  

 

(a)

Security may be called before its maturity date.

 
(b)

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.

 
(c)

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

 
(d)

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.

 

 

      
Quarterly Report | June 30, 2026   

 

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