POWER OF ATTORNEY
The undersigned, Agustin Cabrer, Carlos J. Nido, Luis M. Pellot, Clotilde Pérez, Gabriel Pagán Pedrero and Jorge I. Vallejo, Directors of the funds listed on Appendix A hereto (the “Funds”) hereby authorize Liana Loyola as attorney-in-fact, to sign on his or her behalf in the capacities indicated (and not in such person’s personal individual capacity for personal financial or estate planning), the Registration Statements on Forms N-1A and N-2, as applicable, filed for the Funds or any amendment thereto (including any pre-effective or post-effective amendments) for or on behalf of the Funds or any current or future series thereof, and to file the same, with all exhibits thereto, with the Securities and Exchange Commission.
This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.
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IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney as of the 30th day of April, 2026.
| /s/ Agustin Cabrer Agustin Cabrer Director |
| /s/ Carlos J. Nido Carlos J. Nido Director |
| /s/ Luis M. Pellot Luis M. Pellot Director |
| /s/ Clotide Pérez Clotilde Pérez Director |
| /s/ Gabriel Pagán Pedrero Gabriel Pagán Pedrero Director |
| /s/ Jorge I. Vallejo Jorge I. Vallejo Director |
Appendix A
| 1. | GNMA & US Government Target Maturity Fund for Puerto Rico Residents, Inc. |
| 2. | Multi-Select Securities Fund for Puerto Rico Residents |
| 3. | Short Term Investment Fund for Puerto Rico Residents, Inc. |
| 4. | Tax Free Fund II for Puerto Rico Residents, Inc. |
| 5. | Tax Free Target Maturity Fund for Puerto Rico Residents, Inc. |
| 6. | Tax-Free Fixed Income Fund for Puerto Rico Residents, Inc. |
| 7. | Tax-Free Fixed Income Fund III for Puerto Rico Residents, Inc. |
| 8. | Tax-Free Fixed Income Fund V for Puerto Rico Residents, Inc. |
| 9. | Tax-Free Fixed Income Fund VI for Puerto Rico Residents, Inc. |
| 10. | Tax-Free High Grade Portfolio Bond Fund for Puerto Rico Residents, Inc., |
| 11. | Tax-Free High Grade Portfolio Bond Fund II for Puerto Rico Residents, Inc. |
| 12. | Tax-Free High Grade Portfolio Target Maturity Fund for Puerto Rico Residents, Inc. |
| 13. | U.S. Monthly Income Fund for Puerto Rico Residents, Inc. |
| 14. | US Mortgage Backed & Income Fund for Puerto Rico Residents, Inc. |
| 15. | Puerto Rico Residents Bond Fund I |
| 16. | Puerto Rico Residents Tax-Free Fund II, Inc. |
| 17. | Puerto Rico Residents Tax-Free Fund III, Inc. |