U.S. Monthly Income Fund for Puerto Rico Residents, Inc.
Data updated: 2026-08-26
C000232116 — U.S. Monthly Income Fund for Puerto Rico Residents, Inc. Long Municipal - National Bond. Holdings, fees, performance and SEC filings.
C000232116 Fund Overview
U.S. Monthly Income Fund for Puerto Rico Residents, Inc. is a US mutual fund managed by U.S. Monthly Income Fund for Puerto Rico Residents, Inc., categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: U.S. Monthly Income Fund for Puerto Rico Residents, Inc.
- Category: Long Municipal - National Bond
- Assets under management: $57.87M
- 1-year return: 5.1%
- SEC CIK: 0001843749
- SEC series ID: S000074352
- Share class ID: C000232116
C000232116 Investment Objective and Strategy
U.S. Monthly Income Fund for Puerto Rico Residents, Inc. describes its objective and strategy as follows, from its latest prospectus filed with the SEC by U.S. Monthly Income Fund for Puerto Rico Residents, Inc..
Investment objective
The investment objective of U.S. Monthly Income Fund for Puerto Rico Residents, Inc. (the Fund) is current income, consistent with the preservation of capital.
Principal investment strategy
Under normal circumstances, up to 80% of the Funds net assets, plus the amount of any borrowings for investment purposes, will be invested in U.S. municipal securities (the U.S. Portion). The Funds U.S. Portion may include investments in Build America Bonds (BABs) and taxable municipal securities ( i.e. , municipal securities that are generally taxable to non-Puerto Rico residents). No more than 5% of the assets of the U.S. Portion will be invested in the securities of a single issuer. The Investment Adviser has engaged Nuveen Asset Management, LLC (the Sub-adviser) as sub-adviser to manage the U.S. Portion. The Fund is designed solely for Puerto Rico Residents (as defined in Dividends and Taxes below). Only Puerto Rico Residents will not be subject to U.S. federal income tax on dividends distributed from the Fund and Puerto Rico Residents will not be subject to other U.S.
federal income tax rules that apply to other types of investors. In addition, since the Fund is treated as a foreign corporation for U.S. federal income tax purposes, the tax treatment of this Fund differs from that typically accorded to other investment companies registered under the Investment Company Act of 1940, as amended (the 1940 Act), that are treated as regulated investment companies under Subchapter M of the Internal Revenue Code of 1986, as amended (the U.S. Code). Under normal circumstances, at least 95% of the Funds total assets will be invested in securities which, at the time of purchase, are (i) rated investment grade by a nationally recognized statistical rating organization, or (ii) if unrated, determined by the Investment Adviser or Sub-adviser (with respect to the U.S. Portion) to be of comparable credit quality.
Under normal circumstances, the Fund will invest at least 20% of its total assets in taxable securities issued by Puerto Rico issuers, including mortgage-backed securities (i.e., collateralized mortgage obligations (CMOs) and asset-backed securities), bank deposits, corporate obligations, commercial paper, preferred stock and securities issued by the Commonwealth of Puerto Rico (the Commonwealth or Puerto Rico) and its political subdivisions and instrumentalities (the Taxable PR Securities Portion). The Taxable PR Securities Portion will be comprised of securities issued by a limited number of eligible issuers in one or more sectors, none of which, currently, are municipal issuers. The assets managed by the Investment Adviser in excess of the Taxable PR Securities Portion may include tax-exempt securities issued by Puerto Rico issuers and other fixed income securities.
The Funds ability to procure sufficient Puerto Rico securities which meet the Funds investment criteria may, in the opinion of the Investment Adviser, be constrained, due to the volatility affecting the Puerto Rico bond market since 2013 and the fact that the Puerto Rico Government remains in the process of restructuring its outstanding debt under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) as well as undertaking other fiscal measures to stabilize Puerto Ricos economy in accordance with the requirements of PROMESA, and this inability may continue for an indeterminate period of time. To the extent that the Fund is unable to procure sufficient amounts of such Puerto Rico securities, the Fund may acquire investments in securities of non-Puerto Rico issuers which satisfy the Funds investment policies.
A Puerto Rico issuer is any issuer that satisfies one or more of the following criteria: (i) the issuer was organized under the laws of Puerto Rico or maintains its principal place of business in Puerto Rico; (ii) the securities of such issuer are traded principally in Puerto Rico; or (iii) an issuer that, during its most recent fiscal year, derived at least 20% of its revenues or profits from goods produced or sold, investments made, or services performed in Puerto Rico or that has at least 20% of its assets in Puerto Rico. The Fund may also invest in derivatives, including financial futures contracts, swap contracts, options on financial futures and options on swap contracts. To take advantage of opportunities to invest, the Fund may borrow money from banks (leverage) in an amount up to one-third of its total assets, which include assets purchased with borrowed money.
The majority of the bonds are longer-term fixed rate bonds (with maturities of between 15 and 35 years). The Funds use of leverage will extend the effective duration of the portfolio. Leverage will consist of short-term collateralized repurchase agreements and bank loans. To manage the duration of the portfolio, the Investment Adviser and Sub-adviser may from time to time hedge the duration of the portfolio with futures contracts on U.S. Treasury notes. The Funds investment strategy may be changed with 60 days prior notice to shareholders.
C000232116 Holdings
Top 10 holdings of U.S. Monthly Income Fund for Puerto Rico Residents, Inc. by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Auto Metro Puerto Rico | 13.88% |
| Municipal Electric Authority of Georgia | 4.04% |
| Metropolitan Transportation Authority Dedicated Tax Fund | 3.50% |
| Fannie Mae | 3.38% |
| Louisville and Jefferson County Metropolitan Sewer District | 3.36% |
| Rutgers The State University of New Jersey | 3.20% |
| Washington State Convention Center Public Facilities District | 3.12% |
| New York City Transitional Finance Authority Building Aid Revenue | 3.08% |
| New Jersey Turnpike Authority | 2.94% |
| Port of Morrow OR | 2.68% |
C000232116 Portfolio Allocation
Asset-class allocation of U.S. Monthly Income Fund for Puerto Rico Residents, Inc. by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 106.4% |
| Securitized | 7.9% |
C000232116 Performance
Total returns for C000232116 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 5.1% |
| 3 years (annualised) | 4.4% |
C000232116 Risk Information
Risk metrics for C000232116, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.5%
C000232116 Costs and Fees
C000232116 costs about $261 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.61%
- Gross expense ratio: 2.61%
- Portfolio turnover: 3%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000232116 Cashflows
Over the 12 months to 2026-06, U.S. Monthly Income Fund for Puerto Rico Residents, Inc. had net outflows of $6.54M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$220.51K |
| 2026-05 | −$1.18M |
| 2026-04 | −$237.49K |
| 2026-03 | −$547.36K |
| 2026-02 | −$372.12K |
| 2026-01 | −$1.03M |
C000232116 Debt Constituents
Largest debt holdings of U.S. Monthly Income Fund for Puerto Rico Residents, Inc. by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Auto Metro Puerto Rico | 13.88% |
| Municipal Electric Authority of Georgia | 4.04% |
| Metropolitan Transportation Authority Dedicated Tax Fund | 3.50% |
| Louisville and Jefferson County Metropolitan Sewer District | 3.36% |
| Rutgers The State University of New Jersey | 3.20% |
| Washington State Convention Center Public Facilities District | 3.12% |
| New York City Transitional Finance Authority Building Aid Revenue | 3.08% |
| New Jersey Turnpike Authority | 2.94% |
| Port of Morrow OR | 2.68% |
| Texas Private Activity Bond Surface Transportation Corp | 2.36% |
C000232116 Prospectus and SEC Filings
Official U.S. Monthly Income Fund for Puerto Rico Residents, Inc. filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-29
- Prospectus supplement (497) — filed 2026-05-05
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-11
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.