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ID# 14-641 City Investment Report May 2015
REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: GRANT M. YATES CITY MANAGER DATE: JUNE 23, 2015 SUBJECT: INVESTMENT REPORT – MAY 2015 Recommendation Staff recommends that the City Council receive and file the Investment Report for May 2015. Discussion The Investment Report is a listing of all funds invested for the City as of the date shown on the report. Prepared By: Nancy L. Lassey Finance Administrator Approved By: Jason P. Simpson Director of Administrative Services Approved By: Grant M. Yates City Manager Attachments: Investment Report for May 2015 CITY OF LAKE ELSINORE INVESTMENT REPORT MAY 2015 BANK DEPOSITS OUTSTANG BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America - General 14,646,565$ 527,689$ (1,149,495)$ 14,024,758$ Bank of America - Payroll 13,091 - (510) 12,581 Bank of America - Flex Benefit 35,893 - - 35,893 Total Active Accounts 14,695,549 527,689 (1,150,005) 14,073,233 INVESTMENTS City Local Agency Investment Fund 11,824,543 - - 11,824,543 City CAMP Investments: CAMP Pool Account 58,183 - - 58,183 U.S. Treasury Bond / Note 10,793,007 - - 10,793,007 Municipal Bond / Note 290,464 - - 290,464 Federal Agency Collateralized Mortgage Obligation 136,350 - - 136,350 Federal Agency Bond / Note 7,154,301 - - 7,154,301 Corporate Note 8,763,808 - - 8,763,808 Certificate of Deposit 2,175,000 - - 2,175,000 Housing CAMP Investments: Housing CAMP Pool Account 22,044 - - 22,044 Housing U.S. Treasury Bond / Notes 2,217,509 - - 2,217,509 Housing Municipal Bond / Notes 30,084 - - 30,084 Housing Federal Agency Collateralized Mortgage 25,250 - - 25,250 Housing Federal Agency Bond / Notes 1,039,303 - - 1,039,303 Housing Corporate Notes 1,452,808 - - 1,452,808 Housing Certificate of Deposit 200,000 - - 200,000 Sub-total Investments 46,182,653 - - 46,182,653 Unrealized Gain/ (Loss) at 6-30-14 (LAIF)3,406 - - 3,406 Unrealized Gain/ (Loss) at 6-30-14 (CAMP General)(72,383) (72,383) Unrealized Gain/ (Loss) at 6-30-14 (CAMP Housing)(29,370) - - (29,370) Total Unrealized Gain/ (Loss) at 6-30-14 per GASB 31 (98,347) (98,347) Total Investments 46,084,305 - - 46,084,305 60,779,854$ 527,689$ (1,150,005)$ 60,157,538$ Cashier Drawers #1 & #2 300 City of Lake Elsinore Petty Cash Fund 1,000 TOTAL POOLED CASH AND INVESTMENTS 60,158,838$ I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on November 12, 2013. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. Jason P. Simpson June 16, 2015 Director of Administrative Services Date C I T Y O F L A K E E L S I N O R E INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF MAY 31, 2015 Interest Rate Purchase Date Maturity Rate 0.290%Daily 24-Hour Beginning Balance Net Increase/(Decrease)Ending Balance 15,124,543$ (3,300,000)$ 11,824,543$ C I T Y O F L A K E E L S I N O R E LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING MAY 31, 2015 FUND NO FUND NAME AMOUNT 100 General Fund 10,657,084$ 101 Supplemental Law Enforcement Fund 81,316 104 Traffic Offender Fund 82,968 105 Misc. General Project Fund 1,263,642 106 Affordable Housing In Lieu Fund 2,325,724 107 Developer Agreement Revenue 1,096,471 110 State Gas Tax Fund 1,279,781 112 Transportation Fund 689,884 114 SB1186 CAS Program Fund 3,734 115 Traffic Safety Fund 284,048 116 City Hall-Public Works DIF Fund 934,986 117 Community Center DIF Fund 380,114 118 Lake Side Facility DIF Fund 734,235 120 Camino Del Norte DIF 36,385 121 T.R.I.P.-2014A 562,208 130 Lighting & Landscape Maintenance Fund - City-wide 20,771 135 Lighting & Landscape Maintenance Fund - Dist. No. 1 370,654 140 Geothermal Fund 19,517 155 CSA152 -- N.P.D.E.S.112,557 160 PEG Grant Fund 18,141 201 Street C.I.P. Fund 97 205 Traffic Impact Fee Fund 3,173,331 211 Storm Drain C.I.P. Fund 3,557,470 221 Quimby Park C.I.P. Fund 172,353 231 Library C.I.P. Fund 1,617,454 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 126,253 332 CFD 2006-1 Improvement Area B, Summerly 107,099 342 CFD 2007-5 Red Kite Service Fund 1,315 344 CFD 2005-2 Alberhill Ranch Services Fund 106,573 345 CFD 2003-2S Improvement Area D, Canyon Hills 379,640 346 CFD 2014-1 Southshore Debt Service Fund 61,810 347 CFD 2006-1 Improvement Area A, Summerly 143,596 348 CFD 2003-2 Improvement Area C, Canyon Hills 81,966 350 CFD 98-1 Summerhill Debt Service Fund 973,086 352 AD 86-1 Debt Service Fund 627,992 354 CFD 90-2 Successor RDA Debt Service Fund 1,743,835 357 CFD 2003-2 Canyon Hills Debt Service Fund 613,565 366 CFD 2005-6 City Center Townhomes Debt Service Fund 165,606 367 CFD 2005-3 Summerly Debt Service Fund 117,992 368 CFD 2006-2 Viscaya Debt Service Fund 375,042 369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 855,889 371 CFD 2005-1 Serenity Debt Service Fund 480,422 372 CFD 2005-2 Alberhill Ranch Debt Service Fund 1,237,489 C I T Y O F L A K E E L S I N O R E POOLED CASH AND INVESTMENTS BY FUND AS OF MAY 31, 2015 1 of 2 FUND NO FUND NAME AMOUNT C I T Y O F L A K E E L S I N O R E POOLED CASH AND INVESTMENTS BY FUND AS OF MAY 31, 2015 373 CFD 2005-5 Wasson Canyon Debt Service Fund 55,796 374 CFD 2005-4 Lakeview Villas Debt Service Fund 45,316 375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 17,693 376 CFD 2006-3 La Strada Debt Service Fund 22,661 377 CFD 2006-6 Tessara Debt Service Fund 10,011 378 CFD 2006-8 Tract No. 31957 Debt Service Fund 47,168 382 CFD 2006-9 Trieste Debt Service Fund 31,443 384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 1,055,711 385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 1,151,068 386 CFD 2007-4 Mekenna Debt Service Fund 9,181 387 CFD 2007-5 Red Kite Debt Service Fund 60,395 388 CFD 2007-6 Holiday Inn Debt Service Fund 3,788 390 CFD 2003-2 Area C Canyon Hills Debt Service Fund 347,091 392 CFD 95-1 City Center Debt Service Fund 124,587 393 AD 93-1 Debt Service Fund 1,040,405 394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 288,784 604 Endowment Trust Fund 10,964 605 Public Improvement Trust Fund 861,073 606 Mobile Source Air Polution Reduction Fund 247,789 608 Trust Deposit & Pre Paid Expense Fund 1,549,696 617 Successor Agency Housing Fund 11,013,634 620 Cost Recovery System Fund 1,180,260 631 Lake Destratification Equipment Replacement Fund 160,779 650 CFD 2003-1 Law & Fire Service Fund 1,528,326 651 CFD 2006-5 Park & Open Space Service Fund 73,130 652 CFD 2007-1 Law & Fire Service Fund 133,717 653 CFD 2009-1 Parks & Lighting Service Fund 226,041 654 CFD 2003-2S Fire Service Fund 1,188,234 Total Pooled Cash & Investments 60,158,838$ 2 of 2 DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00%UNLIMITED U.S. Treasury Bond / Notes 28.17%UNLIMITED Current Balance 13,010,515$ Municipal Bond / Notes 0.69%UNLIMITED Current Balance 320,548$ Federal Agency Collaterized Mortgage Obligation 0.35%40.00% Current Balance 161,599$ Federal Agency Bond / Notes 17.74%*UNLIMITED Current Balance 8,193,604$ Banker's Acceptances 0.00%40.00% Certificates of Deposit 5.14%25.00% Current Balance 2,375,000$ Negotiable Certificates of Deposits 0.00%30.00% Commercial Paper 0.00%15.00% Medium Term Corporate Notes 22.12%30.00% Current Balance 10,216,616$ Repurchase Agreements 0.00%UNLIMITED Reverse Repurchase Agreements 0.00%20.00% LAIF (Local Agency Investment Fund)25.60%UNLIMITED Current Balance 11,824,543$ CAMP - Pooled Sweep Account 0.17%UNLIMITED Current Balance 80,227$ TOTAL 100.00%46,182,653$ Note: Local agencies are only eligible to purchase medium term corporate notes that have a rating of "A" or better by both Moody's Investors Service, Inc., and Standard and Poor's Corporation (S & P). If a security falls below "A" by both rating agencies, then PFM Asset Management LLC will evaluate the need to sell the security prior to maturity. The CAMP Portfolio Summary and Statistics shows the credit quality held by the City's investments. *No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. *Totals include the Housing CAMP Portfolio. FOR THE MONTH ENDING MAY 31, 2015 SUMMARY OF POLICY LIMITATIONS C I T Y O F L A K E E L S I N O R E City Funds CAMP Account For the Month Ending May 31, 2015Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Opening Market Value Purchases Redemptions Change in Value Closing Market Value 59,782.60 1,621,357.89 (1,622,957.88) 0.00 $58,182.61 CAMP Pool Unsettled Trades 0.00 5.02 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 29,362,427.17 1,604,738.28 (1,570,582.03) (13,349.50) $29,383,233.92 CAMP Managed Account Unsettled Trades 0.00 38,973.06 Cash Dividends and Income May 31, 2015April 30, 2015 Asset Summary CAMP Pool 58,182.61 59,782.60 CAMP Managed Account 29,383,233.92 29,362,427.17 $29,441,416.53 $29,422,209.77 Total Asset Allocation 0.20% CAMP Pool 99.80% CAMP Managed Account Page 1 For the Month Ending May 31, 2015Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dividend Closing Market Value Redemptions Purchases Opening Market Value Closing Market Value Change in Current Value Unsettled Trades Principal Acquisitions Principal Dispositions Maturities/Calls Opening Market Value Closing Market Value Opening Market Value Account Total Total Cash Basis Earnings Plus Net Realized Gains/Losses Less Purchased Interest Related to Interest/Coupons Interest/Dividends/Coupons Received Earnings Reconciliation (Cash Basis) - Managed Account Dividends Less Beginning Accrued Interest Less Beginning Amortized Value of Securities Less Cost of New Purchases Plus Coupons/Dividends Received Plus Proceeds of Maturities/Calls/Principal Payments Plus Proceeds from Sales Ending Accrued Interest Ending Amortized Value of Securities Earnings Reconciliation (Accrual Basis) Reconciling Transactions Net Cash Contribution Security Purchases Principal Payments Coupon/Interest/Dividend Income Sale Proceeds Maturities/Calls Cash Transactions Summary- Managed Account $59,782.60 1,621,357.89 (1,622,957.88) $58,182.61 5.02 $29,362,427.17 0.00 (1,570,582.03) 1,604,738.28 0.00 (13,349.50) $29,383,233.92 $29,422,209.77 $29,441,416.53 54,764.98 (5,192.31) (10,599.61) $38,973.06 0.00 1,578,160.76 47,186.25 0.00 (1,609,930.59) (15,416.42) 0.00 Managed Account Total 29,246,395.88 29,304,578.49 74,668.36 1,578,160.76 0.00 47,186.25 (1,609,930.59) (29,202,820.12) (90,986.62) 0.00 74,668.36 3,201,118.64 0.00 47,186.25 (3,231,288.48) (29,262,602.72) (90,986.62) 5.02 Total Accrual Basis Earnings $42,673.92 $42,678.94 Transaction Summary - Managed AccountTransaction Summary - Money Market ___________________________________________________________________________________________________________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending May 31, 2015Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Account Summary Percent Par ValueMarket ValueDescription U.S. Treasury Bond / Note 10,780,000.00 10,845,159.48 36.84 Municipal Bond / Note 290,000.00 291,876.25 0.99 Federal Agency Collateralized Mortgage Obligation 135,000.00 136,158.44 0.46 Federal Agency Bond / Note 7,155,000.00 7,184,720.14 24.40 Corporate Note 8,625,000.00 8,749,720.91 29.72 Certificate of Deposit 2,175,000.00 2,175,598.70 7.39 Managed Account Sub-Total 29,160,000.0029,383,233.92 99.80% Accrued Interest 74,668.36 Total Portfolio 29,160,000.0029,457,902.28 CAMP Pool 58,182.61 58,182.61 0.20 Total Investments 29,218,182.6129,516,084.89 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 7.39% Cert of Deposit 29.72% Corporate Note 0.46% Fed Agency CMO 24.40% Fed Agy Bond / Note 0.20% Mny Mkt Fund 0.99% Muni Bond / Note 36.84% US TSY Bond / Note 0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years 0.19% 3.24% 29.65%30.98% 18.60%17.34% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.65 998 1.22% 1.02% Page 3 For the Month Ending May 31, 2015Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Credit Quality (S&P Ratings) 8.21% A 5.92% A+ 1.53% A- 3.91% A-1 1.53% A-1+ 8.93% AA 63.71% AA+ 5.53% AA- 0.53% AAA 0.20% AAAm Issuer Summary Percentof HoldingsIssuer Market Value 325,841.43 1.11 3M COMPANY 200,956.60 0.68 AMERICAN EXPRESS CO 583,331.18 1.98 AMERICAN HONDA FINANCE 307,240.07 1.04 APPLE INC 759,482.55 2.58 BERKSHIRE HATHAWAY INC 58,182.61 0.20 CAMP Pool 575,069.00 1.95 CANADIAN IMPERIAL BANK OF COMMERCE 321,405.44 1.09 CATERPILLAR INC 769,069.93 2.61 CHEVRON CORP 275,087.61 0.93 CISCO SYSTEMS INC 436,626.90 1.48 DEERE & COMPANY 3,972,722.39 13.49 FANNIE MAE 775,025.58 2.63 FEDERAL HOME LOAN BANKS 2,573,130.61 8.74 FREDDIE MAC 287,897.25 0.98 GENERAL ELECTRIC CO 700,942.70 2.38 HSBC HOLDINGS PLC 250,182.75 0.85 IBM CORP 702,348.50 2.39 JP MORGAN CHASE & CO 154,990.70 0.53 MICROSOFT CORP 575,155.25 1.95 NORDEA BANK AB 250,540.00 0.85 PEPSICO, INC 575,023.00 1.95 RABOBANK NEDERLAND 164,752.50 0.56 STATE OF CONNECTICUT 705,158.30 2.40 THE WALT DISNEY CORPORATION 201,501.00 0.68 TOYOTA MOTOR CORP 10,845,159.48 36.85 UNITED STATES TREASURY 127,123.75 0.43 UNIVERSITY OF CALIFORNIA 708,679.30 2.41 US BANCORP 808,879.25 2.75 WAL-MART STORES INC 449,910.90 1.53 WELLS FARGO & COMPANY $29,441,416.53 Total 100.00% Page 4 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 09/30/2011 1.000% 09/30/2016 403,062.40 402,258.12 677.60 403,484.38 09/09/1409/05/14AaaAA+ 400,000.00 912828RJ1 0.57 US TREASURY NOTES DTD 01/03/2012 0.875% 12/31/2016 503,125.00 499,707.79 1,837.02 499,101.56 01/26/1201/23/12AaaAA+ 500,000.00 912828RX0 0.91 US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 680,484.38 678,277.87 1,143.44 680,484.37 03/03/1402/27/14AaaAA+ 675,000.00 912828SM3 0.73 US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 1,310,562.50 1,301,821.82 2,202.19 1,302,996.09 03/21/1403/19/14AaaAA+ 1,300,000.00 912828SM3 0.92 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 796,750.40 789,149.54 13.66 784,625.00 05/09/1405/06/14AaaAA+ 800,000.00 912828UA6 1.18 US TREASURY NOTES DTD 04/30/2013 0.625% 04/30/2018 347,074.35 348,113.50 190.22 346,814.45 05/15/1305/10/13AaaAA+ 350,000.00 912828UZ1 0.81 US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 884,775.50 887,360.82 4,021.50 888,603.52 02/04/1502/02/15AaaAA+ 875,000.00 912828VQ0 0.92 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 572,627.13 566,875.49 19.47 566,014.45 06/03/1406/02/14AaaAA+ 570,000.00 912828A34 1.41 US TREASURY NOTES DTD 01/31/2014 1.500% 01/31/2019 480,677.68 473,189.63 2,381.56 472,791.99 07/31/1407/29/14AaaAA+ 475,000.00 912828B33 1.61 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 162,437.44 160,148.03 440.44 160,175.00 09/04/1409/02/14AaaAA+ 160,000.00 912828C65 1.60 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 583,759.55 575,771.95 1,582.82 575,898.44 10/06/1410/02/14AaaAA+ 575,000.00 912828C65 1.59 US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 536,054.50 531,038.46 721.81 535,429.69 11/03/1410/30/14AaaAA+ 500,000.00 912828KQ2 1.50 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 295,570.20 296,173.02 508.20 296,097.66 04/30/1504/28/15AaaAA+ 300,000.00 912828TR1 1.30 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 985,234.00 982,384.46 1,693.99 981,367.18 02/27/1502/26/15AaaAA+ 1,000,000.00 912828TR1 1.42 Page 5 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 1,271,093.75 1,268,631.86 3,705.60 1,269,384.77 03/27/1503/26/15AaaAA+ 1,250,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 1,031,870.70 1,029,774.34 28.69 1,029,738.28 05/29/1505/28/15AaaAA+ 1,050,000.00 912828UB4 1.44 21,168.21 10,845,159.48 10,790,676.70 1.20 10,793,006.83 10,780,000.00 Security Type Sub-Total Municipal Bond / Note UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 127,123.75 125,000.00 105.78 125,000.00 04/10/1404/04/14Aa2AA 125,000.00 91412GUV5 1.90 CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 164,752.50 165,442.81 597.14 165,463.65 03/25/1503/16/15Aa3AA 165,000.00 20772JZK1 1.90 702.92 291,876.25 290,442.81 1.90 290,463.65 290,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 136,158.44 136,346.04 174.38 136,349.51 04/30/1504/15/15AaaAA+ 135,000.00 3136ANJY4 0.83 174.38 136,158.44 136,346.04 0.83 136,349.51 135,000.00 Security Type Sub-Total Federal Agency Bond / Note FHLB NOTES DTD 08/07/2014 0.500% 09/28/2016 775,025.58 773,918.29 678.13 773,256.25 08/07/1408/06/14AaaAA+ 775,000.00 3130A2T97 0.61 FHLMC NOTES DTD 08/16/2013 0.875% 10/14/2016 603,336.60 600,829.34 685.42 601,824.00 10/03/1310/01/13AaaAA+ 600,000.00 3137EADS5 0.77 FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 231,480.28 230,159.39 971.11 230,219.42 08/13/1408/11/14AaaAA+ 230,000.00 3137EADH9 0.97 FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 880,631.50 875,743.32 3,694.44 876,023.75 08/13/1408/11/14AaaAA+ 875,000.00 3137EADH9 0.96 FANNIE MAE GLOBAL NOTES DTD 07/20/2012 0.875% 08/28/2017 801,715.20 800,906.69 1,769.44 801,984.00 09/10/1209/06/12AaaAA+ 800,000.00 3135G0MZ3 0.82 Page 6 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par Federal Agency Bond / Note FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 476,793.60 477,391.81 818.06 480,068.25 10/05/1210/04/12AaaAA+ 475,000.00 3137EADL0 0.78 FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 1,000,563.00 995,197.56 850.69 992,270.00 12/03/1311/27/13AaaAA+ 1,000,000.00 3135G0PQ0 1.08 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 398,049.20 396,334.92 97.22 393,940.00 05/31/1305/24/13AaaAA+ 400,000.00 3135G0WJ8 1.19 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 646,829.95 646,695.22 157.99 644,507.50 05/24/1305/22/13AaaAA+ 650,000.00 3135G0WJ8 1.05 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 355,171.60 350,009.29 63.19 350,010.50 06/19/1406/16/14AaaAA+ 350,000.00 3135G0YT4 1.62 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 634,235.00 630,082.62 112.85 630,937.50 10/23/1410/22/14AaaAA+ 625,000.00 3135G0YT4 1.39 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 380,888.63 378,805.00 18.23 379,260.00 12/03/1412/01/14AaaAA+ 375,000.00 3137EADG1 1.49 9,916.77 7,184,720.14 7,156,073.45 1.01 7,154,301.17 7,155,000.00 Security Type Sub-Total Corporate Note PEPSICO INC GLOBAL NOTES DTD 02/28/2013 0.700% 02/26/2016 250,540.00 249,978.28 461.81 249,912.50 02/28/1302/25/13A1A- 250,000.00 713448CE6 0.71 JPMORGAN CHASE & CO GLOBAL NOTES DTD 02/26/2013 1.125% 02/26/2016 702,348.50 699,789.53 2,078.13 699,153.00 02/26/1302/21/13A3A 700,000.00 46623EJU4 1.17 WALT DISNEY CO CORPORATE NOTE DTD 02/14/2012 1.125% 02/15/2017 705,158.30 699,069.52 2,318.75 697,494.00 06/14/1206/11/12A2A 700,000.00 25468PCS3 1.20 WAL-MART STORES INC SR NOTES DTD 04/05/2007 5.375% 04/05/2017 509,275.55 501,091.93 3,929.72 551,822.30 04/11/1204/05/12Aa2AA 470,000.00 931142CG6 1.72 BERKSHIRE HATHAWAY FIN GLOBAL NOTES DTD 05/15/2012 1.600% 05/15/2017 355,078.15 352,285.18 248.89 354,987.50 01/15/1301/08/13Aa2AA 350,000.00 084664BS9 1.26 Page 7 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par Corporate Note US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 708,679.30 700,000.00 513.33 714,952.00 07/30/1207/25/12A1A+ 700,000.00 91159HHD5 1.19 JOHN DEERE CAPITAL CORP NOTES DTD 06/12/2014 1.125% 06/12/2017 436,626.90 434,860.86 2,297.34 434,795.55 06/12/1406/09/14A2A 435,000.00 24422ESN0 1.14 HSBC USA INC DTD 06/23/2014 1.300% 06/23/2017 250,591.25 249,737.30 1,426.39 249,620.00 06/23/1406/16/14A2A 250,000.00 40434CAA3 1.35 3M COMPANY GLOBAL NOTES DTD 06/26/2012 1.000% 06/26/2017 325,841.43 324,370.00 1,399.31 323,501.75 06/26/1206/21/12Aa3AA- 325,000.00 88579YAE1 1.10 CATERPILLAR FINANCIAL SE DTD 08/20/2014 1.250% 08/18/2017 321,405.44 319,881.09 1,144.44 319,840.00 08/20/1408/13/14A2A 320,000.00 14912L6D8 1.27 AMERICAN EXPRESS CREDIT CORP NOTES DTD 09/23/2014 1.550% 09/22/2017 200,956.60 199,792.49 594.17 199,732.00 09/23/1409/18/14A2A- 200,000.00 0258M0DR7 1.60 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 149,837.10 150,000.00 809.60 150,000.00 12/05/1211/28/12Aa1AA 150,000.00 166764AA8 1.10 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 174,809.95 175,473.40 944.53 175,946.75 12/05/1211/29/12Aa1AA 175,000.00 166764AA8 0.99 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 250,182.75 249,375.44 980.90 248,855.00 02/08/1302/05/13Aa3AA- 250,000.00 459200HK0 1.35 BERKSHIRE HATHAWAY GLOBAL NOTE DTD 02/11/2013 1.550% 02/09/2018 404,404.40 399,695.22 1,928.89 399,444.00 02/11/1301/29/13Aa2AA 400,000.00 084670BH0 1.58 WAL-MART STORES INC GLOBAL NOTES DTD 04/11/2013 1.125% 04/11/2018 299,603.70 299,840.16 468.75 299,724.00 04/11/1304/04/13Aa2AA 300,000.00 931142DF7 1.14 MICROSOFT CORP GLOBAL NOTES DTD 05/02/2013 1.000% 05/01/2018 154,990.70 154,942.41 129.17 154,902.35 05/02/1304/25/13AaaAAA 155,000.00 594918AS3 1.01 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 307,240.07 309,324.05 241.11 308,856.10 05/03/1304/30/13Aa1AA+ 310,000.00 037833AJ9 1.08 CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 444,422.88 440,000.00 3,296.65 440,000.00 06/24/1306/17/13Aa1AA 440,000.00 166764AE0 1.72 Page 8 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par Corporate Note CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 275,087.61 272,156.22 1,434.38 272,565.00 09/04/1408/29/14A1AA- 270,000.00 17275RAR3 1.90 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 583,331.18 574,082.28 3,809.38 573,936.25 09/09/1409/04/14A1A+ 575,000.00 02665WAH4 2.29 GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 287,897.25 287,658.44 5,461.81 289,082.50 03/25/1503/20/15A1AA+ 250,000.00 36962G4J0 2.05 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 74,985.15 75,278.31 533.02 75,288.00 03/27/1503/24/15A2A+ 75,000.00 94974BGF1 2.07 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 374,925.75 377,459.41 2,665.10 377,621.25 02/05/1502/02/15A2A+ 375,000.00 94974BGF1 2.00 TOYOTA MOTOR CORP NOTES DTD 03/12/2015 2.150% 03/12/2020 201,501.00 201,715.36 943.61 201,776.00 03/27/1503/23/15Aa3AA- 200,000.00 89236TCF0 1.96 40,059.18 8,749,720.91 8,697,856.88 1.44 8,763,807.80 8,625,000.00 Security Type Sub-Total Certificate of Deposit HSBC BANK USA NA CD DTD 02/13/2015 0.880% 08/15/2016 450,351.45 450,000.00 1,188.00 450,000.00 02/13/1502/11/15P-1A-1+ 450,000.00 40428AC54 0.88 CANADIAN IMPERIAL BANK NY YCD DTD 04/10/2015 1.010% 04/06/2017 575,069.00 575,000.00 822.73 575,000.00 04/10/1504/06/15P-1A-1 575,000.00 13606JYY9 1.01 RABOBANK NEDERLAND NV CERT DEPOS DTD 04/27/2015 1.070% 04/21/2017 575,023.00 575,000.00 581.07 575,000.00 04/27/1504/22/15P-1A-1 575,000.00 21684BXH2 1.07 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 575,155.25 575,000.00 55.10 575,000.00 05/29/1505/27/15Aa3AA- 575,000.00 65558LFA5 1.15 2,646.90 2,175,598.70 2,175,000.00 1.04 2,175,000.00 2,175,000.00 Security Type Sub-Total 29,160,000.00 29,312,928.96 1.22 74,668.36 29,246,395.88 29,383,233.92 Managed Account Sub-Total Money Market Fund CAMP Pool 58,182.61 58,182.61 0.00 58,182.61 NRAAAm 58,182.61 Page 9 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par Money Market Fund 58,182.61 58,182.61 0.00 58,182.61 58,182.61 Money Market Sub-Total $29,218,182.61 $29,371,111.57 $74,668.36 $29,304,578.49 $29,441,416.53 1.22% $29,516,084.89 $74,668.36 Total Investments Accrued Interest Securities Sub-Total Page 10 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt MarketUnreal G/LUnreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 1.32 804.28 (421.98) 403,062.40 100.77 CITIGRP 400,000.00 912828RJ1US TREASURY NOTES DTD 09/30/2011 1.000% 09/30/2016 0.42 1.32 1.57 3,417.21 4,023.44 503,125.00 100.63 DEUTSCHE 500,000.00 912828RX0US TREASURY NOTES DTD 01/03/2012 0.875% 12/31/2016 0.48 1.57 1.81 2,206.51 0.01 680,484.38 100.81 MERRILL 675,000.00 912828SM3US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 0.55 1.81 1.81 8,740.68 7,566.41 1,310,562.50 100.81 MORGANST 1,300,000.00 912828SM3US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 0.55 1.81 2.47 7,600.86 12,125.40 796,750.40 99.59 MERRILL 800,000.00 912828UA6US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 0.79 2.47 2.88 (1,039.15) 259.90 347,074.35 99.16 CSFB 350,000.00 912828UZ1US TREASURY NOTES DTD 04/30/2013 0.625% 04/30/2018 0.92 2.88 3.08 (2,585.32)(3,828.02) 884,775.50 101.12 BARCLAYS 875,000.00 912828VQ0US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 1.02 3.08 3.42 5,751.64 6,612.68 572,627.13 100.46 CITIGRP 570,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 1.12 3.42 3.55 7,488.05 7,885.69 480,677.68 101.20 BARCLAYS 475,000.00 912828B33US TREASURY NOTES DTD 01/31/2014 1.500% 01/31/2019 1.17 3.55 3.70 2,289.41 2,262.44 162,437.44 101.52 CITIGRP 160,000.00 912828C65US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 1.22 3.70 3.70 7,987.60 7,861.11 583,759.55 101.52 MERRILL 575,000.00 912828C65US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 1.22 3.70 3.73 5,016.04 624.81 536,054.50 107.21 MERRILL 500,000.00 912828KQ2US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 1.25 3.73 4.22 (602.82)(527.46) 295,570.20 98.52 MERRILL 300,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.35 4.22 4.22 2,849.54 3,866.82 985,234.00 98.52 JPMCHASE 1,000,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.35 4.22 4.15 2,461.89 1,708.98 1,271,093.75 101.69 JPMCHASE 1,250,000.00 912828F39US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 1.35 4.15 4.38 2,096.36 2,132.42 1,031,870.70 98.27 CITIGRP 1,050,000.00 912828UB4US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 1.40 4.38 52,152.65 1.02 3.16 54,482.78 10,845,159.48 10,780,000.00 Security Type Sub-Total 3.16 Page 11 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to Worst CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market Dated Date/Coupon/Maturity CUSIP Par Broker Date Price at Mkt MarketUnreal G/LUnreal G/L Duration YTMEffective Duration Municipal Bond / Note 2.87 2,123.75 2,123.75 127,123.75 101.70 GOLDMAN 125,000.00 91412GUV5UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 1.32 2.87 3.62 (690.31)(711.15) 164,752.50 99.85 VINING 165,000.00 20772JZK1CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 2.02 3.62 1,412.60 1.71 3.29 1,433.44 291,876.25 290,000.00 Security Type Sub-Total 3.29 Federal Agency Collateralized Mortgage Obligation 1.48 (187.60)(191.07) 136,158.44 100.86 GOLDMAN 135,000.00 3136ANJY4FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 0.90 2.66 (191.07) 0.90 1.48 (187.60) 136,158.44 135,000.00 Security Type Sub-Total 2.66 Federal Agency Bond / Note 1.32 1,107.29 1,769.33 775,025.58 100.00 MORGANST 775,000.00 3130A2T97FHLB NOTES DTD 08/07/2014 0.500% 09/28/2016 0.50 1.32 1.36 2,507.26 1,512.60 603,336.60 100.56 NOMURA 600,000.00 3137EADS5FHLMC NOTES DTD 08/16/2013 0.875% 10/14/2016 0.47 1.36 2.05 1,320.89 1,260.86 231,480.28 100.64 JPMCHASE 230,000.00 3137EADH9FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 0.69 2.05 2.05 4,888.18 4,607.75 880,631.50 100.64 BNP PARI 875,000.00 3137EADH9FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 0.69 2.05 2.22 808.51 (268.80) 801,715.20 100.21 HSBC 800,000.00 3135G0MZ3FANNIE MAE GLOBAL NOTES DTD 07/20/2012 0.875% 08/28/2017 0.78 2.22 2.29 (598.21)(3,274.65) 476,793.60 100.38 JEFFERIE 475,000.00 3137EADL0FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 0.84 2.29 2.37 5,365.44 8,293.00 1,000,563.00 100.06 SOC GEN 1,000,000.00 3135G0PQ0FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 0.85 2.37 2.92 1,714.28 4,109.20 398,049.20 99.51 CSFB 400,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 1.04 2.92 2.92 134.73 2,322.45 646,829.95 99.51 BNP PARI 650,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 1.04 2.92 3.39 5,162.31 5,161.10 355,171.60 101.48 HSBC 350,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 1.19 3.39 Page 12 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt MarketUnreal G/LUnreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Federal Agency Bond / Note 3.39 4,152.38 3,297.50 634,235.00 101.48 GOLDMAN 625,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 1.19 3.39 3.86 2,083.63 1,628.63 380,888.63 101.57 TD SEC U 375,000.00 3137EADG1FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 1.35 3.86 30,418.97 0.85 2.40 28,646.69 7,184,720.14 7,155,000.00 Security Type Sub-Total 2.40 Corporate Note 0.73 561.72 627.50 250,540.00 100.22 JPMCHASE 250,000.00 713448CE6PEPSICO INC GLOBAL NOTES DTD 02/28/2013 0.700% 02/26/2016 0.41 0.73 0.73 2,558.97 3,195.50 702,348.50 100.34 JPMCHASE 700,000.00 46623EJU4JPMORGAN CHASE & CO GLOBAL NOTES DTD 02/26/2013 1.125% 02/26/2016 0.67 0.73 1.68 6,088.78 7,664.30 705,158.30 100.74 BARCLAYS 700,000.00 25468PCS3WALT DISNEY CO CORPORATE NOTE DTD 02/14/2012 1.125% 02/15/2017 0.69 1.68 1.76 8,183.62 (42,546.75) 509,275.55 108.36 GOLDMAN 470,000.00 931142CG6WAL-MART STORES INC SR NOTES DTD 04/05/2007 5.375% 04/05/2017 0.80 1.76 1.92 2,792.97 90.65 355,078.15 101.45 GOLDMAN 350,000.00 084664BS9BERKSHIRE HATHAWAY FIN GLOBAL NOTES DTD 05/15/2012 1.600% 05/15/2017 0.85 1.92 1.84 8,679.30 (6,272.70) 708,679.30 101.24 04/15/17BARCLAYS 700,000.00 91159HHD5US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 1.01 2.42 1.99 1,766.04 1,831.35 436,626.90 100.37 HSBC 435,000.00 24422ESN0JOHN DEERE CAPITAL CORP NOTES DTD 06/12/2014 1.125% 06/12/2017 0.94 1.99 2.02 853.95 971.25 250,591.25 100.24 HSBC 250,000.00 40434CAA3HSBC USA INC DTD 06/23/2014 1.300% 06/23/2017 1.18 2.02 2.04 1,471.43 2,339.68 325,841.43 100.26 MORGANST 325,000.00 88579YAE13M COMPANY GLOBAL NOTES DTD 06/26/2012 1.000% 06/26/2017 0.87 2.04 2.17 1,524.35 1,565.44 321,405.44 100.44 CITIGRP 320,000.00 14912L6D8CATERPILLAR FINANCIAL SE DTD 08/20/2014 1.250% 08/18/2017 1.05 2.17 2.26 1,164.11 1,224.60 200,956.60 100.48 DEUTSCHE 200,000.00 0258M0DR7AMERICAN EXPRESS CREDIT CORP NOTES DTD 09/23/2014 1.550% 09/22/2017 1.34 2.26 2.46 (162.90)(162.90) 149,837.10 99.89 11/05/17MORGANST 150,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.15 3.00 Page 13 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt MarketUnreal G/LUnreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Corporate Note 2.46 (663.45)(1,136.80) 174,809.95 99.89 11/05/17BARCLAYS 175,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.15 3.00 2.62 807.31 1,327.75 250,182.75 100.07 HSBC 250,000.00 459200HK0IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 1.22 2.62 2.62 4,709.18 4,960.40 404,404.40 101.10 GOLDMAN 400,000.00 084670BH0BERKSHIRE HATHAWAY GLOBAL NOTE DTD 02/11/2013 1.550% 02/09/2018 1.13 2.62 2.80 (236.46)(120.30) 299,603.70 99.87 MORGANST 300,000.00 931142DF7WAL-MART STORES INC GLOBAL NOTES DTD 04/11/2013 1.125% 04/11/2018 1.17 2.80 2.87 48.29 88.35 154,990.70 99.99 MERRILL 155,000.00 594918AS3MICROSOFT CORP GLOBAL NOTES DTD 05/02/2013 1.000% 05/01/2018 1.00 2.87 2.87 (2,083.98)(1,616.03) 307,240.07 99.11 GOLDMAN 310,000.00 037833AJ9APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 1.31 2.87 2.96 4,422.88 4,422.88 444,422.88 101.01 BARCLAYS 440,000.00 166764AE0CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1.38 2.96 3.58 2,931.39 2,522.61 275,087.61 101.88 BONY 270,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.60 3.58 3.97 9,248.90 9,394.93 583,331.18 101.45 MERRILL 575,000.00 02665WAH4AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 1.89 3.97 4.05 238.81 (1,185.25) 287,897.25 115.16 GOLDMAN 250,000.00 36962G4J0GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 2.03 4.05 4.38 (293.16)(302.85) 74,985.15 99.98 1ST TENN 75,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 2.15 4.38 4.38 (2,533.66)(2,695.50) 374,925.75 99.98 JEFFERIE 375,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 2.15 4.38 4.50 (214.36)(275.00) 201,501.00 100.75 HSBC 200,000.00 89236TCF0TOYOTA MOTOR CORP NOTES DTD 03/12/2015 2.150% 03/12/2020 1.98 4.50 (14,086.89) 1.17 2.43 51,864.03 8,749,720.91 8,625,000.00 Security Type Sub-Total 2.50 Certificate of Deposit 1.21 351.45 351.45 450,351.45 100.08 HSBC 450,000.00 40428AC54HSBC BANK USA NA CD DTD 02/13/2015 0.880% 08/15/2016 0.45 1.21 Page 14 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt MarketUnreal G/LUnreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Certificate of Deposit 1.84 69.00 69.00 575,069.00 100.01 GOLDMAN 575,000.00 13606JYY9CANADIAN IMPERIAL BANK NY YCD DTD 04/10/2015 1.010% 04/06/2017 1.00 1.84 1.88 23.00 23.00 575,023.00 100.00 GOLDMAN 575,000.00 21684BXH2RABOBANK NEDERLAND NV CERT DEPOS DTD 04/27/2015 1.070% 04/21/2017 1.06 1.88 1.98 155.25 155.25 575,155.25 100.03 MERRILL 575,000.00 65558LFA5NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 1.13 1.98 598.70 0.94 1.76 598.70 2,175,598.70 2,175,000.00 Security Type Sub-Total 1.76 29,160,000.00 29,383,233.92 70,304.96 136,838.04 2.65 1.02 Managed Account Sub-Total 2.67 Money Market Fund 0.00 0.00 0.00 58,182.61 1.00 58,182.61 CAMP Pool 0.00 58,182.61 58,182.61 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $29,516,084.89 $74,668.36 $29,441,416.53 Accrued Interest Securities Sub-Total $29,218,182.61 $70,304.96 $136,838.04 2.65 1.02% 2.67 Page 15 For the Month Ending May 31, 2015Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/LRealized G/L Sale Amort Cost Method BUY 05/29/15 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 65558LFA5 (575,000.00) 0.00 (575,000.00) 575,000.00 05/27/15 05/29/15 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828UB4 (1,029,738.28)(5,192.31)(1,034,930.59) 1,050,000.00 05/28/15 (5,192.31)(1,609,930.59)(1,604,738.28) 1,625,000.00 Transaction Type Sub-Total INTEREST 05/01/15 MICROSOFT CORP GLOBAL NOTES DTD 05/02/2013 1.000% 05/01/2018 594918AS3 0.00 775.00 775.00 155,000.00 05/01/15 05/25/15 FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 3136ANJY4 0.00 174.38 174.38 135,000.00 05/01/15 05/03/15 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 037833AJ9 0.00 1,550.00 1,550.00 310,000.00 05/03/15 05/15/15 US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 912828KQ2 0.00 7,812.50 7,812.50 500,000.00 05/15/15 05/15/15 UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 91412GUV5 0.00 1,190.00 1,190.00 125,000.00 05/15/15 05/15/15 US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 91159HHD5 0.00 5,775.00 5,775.00 700,000.00 05/15/15 05/15/15 BERKSHIRE HATHAWAY FIN GLOBAL NOTES DTD 05/15/2012 1.600% 05/15/2017 084664BS9 0.00 2,800.00 2,800.00 350,000.00 05/15/15 05/21/15 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 1,750.00 1,750.00 400,000.00 05/21/15 05/21/15 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 2,843.74 2,843.74 650,000.00 05/21/15 05/27/15 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 3135G0YT4 0.00 2,843.75 2,843.75 350,000.00 05/27/15 05/27/15 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 3135G0YT4 0.00 5,078.13 5,078.13 625,000.00 05/27/15 05/30/15 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 3137EADG1 0.00 3,281.25 3,281.25 375,000.00 05/30/15 05/31/15 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 912828UA6 0.00 2,500.00 2,500.00 800,000.00 05/31/15 Page 16 For the Month Ending May 31, 2015Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/LRealized G/L Sale Amort Cost Method INTEREST 05/31/15 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 912828A34 0.00 3,562.50 3,562.50 570,000.00 05/31/15 05/31/15 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828UB4 0.00 5,250.00 5,250.00 1,050,000.00 05/31/15 47,186.25 47,186.25 0.00 7,095,000.00 Transaction Type Sub-Total SELL 05/29/15 US TREASURY NOTES DTD 08/01/2011 1.500% 07/31/2016 912828QX1 557,261.72 2,689.23 559,950.95 (3,802.73) 4,474.87 SPEC LOT 550,000.00 05/22/15 05/29/15 US TREASURY NOTES DTD 08/01/2011 1.500% 07/31/2016 912828QX1 1,013,320.31 4,889.50 1,018,209.81 (6,796.88) 8,253.31 SPEC LOT 1,000,000.00 05/28/15 7,578.73 12,728.18 (10,599.61) 1,578,160.76 1,570,582.03 1,550,000.00 Transaction Type Sub-Total (34,156.25) 49,572.67 15,416.42 (10,599.61) 12,728.18 Managed Account Sub-Total Total Security Transactions ($10,599.61)$15,416.42 $49,572.67 ($34,156.25)$12,728.18 Page 17 For the Month Ending May 31, 2015Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDateTransaction Description of TransactionUnit PriceDate CAMP Pool 59,782.60 Opening Balance 05/01/1505/01/15Purchase - Individual Portfolio Interest 1.00 775.00 60,557.60 05/04/1505/04/15Purchase - Individual Portfolio Interest 1.00 1,550.00 62,107.60 05/15/1505/15/15Purchase - Individual Portfolio Interest 1.00 7,812.50 69,920.10 05/15/1505/15/15Purchase - Individual Portfolio Interest 1.00 5,775.00 75,695.10 05/15/1505/15/15Purchase - Individual Portfolio Interest 1.00 2,800.00 78,495.10 05/15/1505/15/15Purchase - Individual Portfolio Interest 1.00 1,190.00 79,685.10 05/21/1505/21/15Purchase - Individual Portfolio Interest 1.00 1,750.00 81,435.10 05/21/1505/21/15Purchase - Individual Portfolio Interest 1.00 2,843.74 84,278.84 05/26/1505/26/15Purchase - Individual Portfolio Interest 1.00 174.38 84,453.22 05/26/1505/26/15U.S. Bank Fees March 2015 1.00 (198.20) 84,255.02 05/26/1505/26/15IP Fees April 2015 1.00 (2,229.48) 82,025.54 05/27/1505/27/15Purchase - Individual Portfolio Interest 1.00 2,843.75 84,869.29 05/27/1505/27/15Purchase - Individual Portfolio Interest 1.00 5,078.13 89,947.42 05/29/1505/29/15Purchase - Individual Portfolio Interest 1.00 2,689.23 92,636.65 05/29/1505/29/15Purchase - Individual Portfolio Interest 1.00 4,889.50 97,526.15 05/29/1505/29/15Purchase - Individual Portfolio Sell 1.00 561,064.45 658,590.60 05/29/1505/29/15Purchase - Individual Portfolio Sell 1.00 1,020,117.19 1,678,707.79 05/29/1505/29/15Redemption - Individual Portfolio Buy 1.00 (575,000.00) 1,103,707.79 05/29/1505/29/15Redemption - Individual Portfolio Buy 1.00 (1,034,930.59) 68,777.20 05/29/1505/29/15Redemption - Individual Portfolio Loss on Cost 1.00 (6,796.88) 61,980.32 05/29/1505/29/15Redemption - Individual Portfolio Loss on Cost 1.00 (3,802.73) 58,177.59 Page 18 For the Month Ending May 31, 2015Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDateTransaction Description of TransactionUnit PriceDate CAMP Pool 05/29/1506/01/15Accrual Income Div Reinvestment - Distributions 1.00 5.02 58,182.61 58,182.61 58,182.61 58,182.61 70,994.50 25.40 0.00 (8,717,416.86) 8,667,659.75 107,939.72 5.02 58,182.61 0.00 (1,622,957.88) 1,621,357.89 59,782.60 Monthly Distribution Yield Average Monthly Balance Closing Balance Fiscal YTDMonth of Cash Dividends and Income Closing Balance Check Disbursements Redemptions (Excl. Checks) Purchases Opening Balance Closing Balance May January-May 0.08% Page 19 Housing Funds CAMP Account For the Month Ending May 31, 2015Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 14,552.36 255,915.34 (248,423.71) 0.00 $22,043.99 CAMP Pool Unsettled Trades 0.00 1.20 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 4,985,989.46 247,105.47 (251,330.30) (1,135.62) $4,980,629.01 CAMP Managed Account Unsettled Trades 0.00 5,616.46 Cash Dividends and Income May 31, 2015April 30, 2015 Asset Summary CAMP Pool 22,043.99 14,552.36 CAMP Managed Account 4,980,629.01 4,985,989.46 $5,002,673.00 $5,000,541.82 Total Asset Allocation 0.44% CAMP Pool 99.56% CAMP Managed Account Page 1 For the Month Ending May 31, 2015Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dividend Closing Market Value Redemptions Purchases Opening Market Value Closing Market Value Change in Current Value Unsettled Trades Principal Acquisitions Principal Dispositions Maturities/Calls Opening Market Value Closing Market Value Opening Market Value Account Total Total Cash Basis Earnings Plus Net Realized Gains/Losses Less Purchased Interest Related to Interest/Coupons Interest/Dividends/Coupons Received Earnings Reconciliation (Cash Basis) - Managed Account Dividends Less Beginning Accrued Interest Less Beginning Amortized Value of Securities Less Cost of New Purchases Plus Coupons/Dividends Received Plus Proceeds of Maturities/Calls/Principal Payments Plus Proceeds from Sales Ending Accrued Interest Ending Amortized Value of Securities Earnings Reconciliation (Accrual Basis) Reconciling Transactions Net Cash Contribution Security Purchases Principal Payments Coupon/Interest/Dividend Income Sale Proceeds Maturities/Calls Cash Transactions Summary- Managed Account $14,552.36 255,915.34 (248,423.71) $22,043.99 1.20 $4,985,989.46 0.00 (251,330.30) 247,105.47 0.00 (1,135.62) $4,980,629.01 $5,000,541.82 $5,002,673.00 6,232.28 (741.76) 125.94 $5,616.46 0.00 251,654.04 5,908.54 0.00 (247,847.23) (9,715.35) 0.00 Managed Account Total 4,964,261.98 4,986,305.97 11,590.65 251,654.04 0.00 5,908.54 (247,847.23) (4,968,150.65) (12,263.77) 0.00 11,590.65 500,077.75 0.00 5,908.54 (503,762.57) (4,982,703.01) (12,263.77) 1.20 Total Accrual Basis Earnings $5,153.56 $5,154.76 Transaction Summary - Managed AccountTransaction Summary - Money Market ___________________________________________________________________________________________________________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending May 31, 2015Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Account Summary Percent Par ValueMarket ValueDescription U.S. Treasury Bond / Note 2,220,000.00 2,227,828.37 44.54 Municipal Bond / Note 30,000.00 29,955.00 0.60 Federal Agency Collateralized Mortgage Obligation 25,000.00 25,214.53 0.50 Federal Agency Bond / Note 1,040,000.00 1,042,725.37 20.84 Corporate Note 1,450,000.00 1,454,800.64 29.08 Certificate of Deposit 200,000.00 200,105.10 4.00 Managed Account Sub-Total 4,965,000.004,980,629.01 99.56% Accrued Interest 11,590.65 Total Portfolio 4,965,000.004,992,219.66 CAMP Pool 22,043.99 22,043.99 0.44 Total Investments 4,987,043.995,014,263.65 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 4.00% Cert of Deposit 29.08% Corporate Note 0.50% Fed Agency CMO 20.84% Fed Agy Bond / Note 0.44% Mny Mkt Fund 0.60% Muni Bond / Note 44.54% US TSY Bond / Note 0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years 0.43% 3.61% 32.08%32.06% 13.34% 18.48% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.63 988 1.15% 1.00% Page 3 For the Month Ending May 31, 2015Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Credit Quality (S&P Ratings) 4.72% A 11.05% A+ 2.00% A-1+ 5.71% AA 66.97% AA+ 8.11% AA- 1.00% AAA 0.44% AAAm Issuer Summary Percentof HoldingsIssuer Market Value 101,448.90 2.03 AMERICAN HONDA FINANCE 54,510.34 1.09 APPLE INC 150,030.90 3.00 BANK OF NEW YORK CO INC 22,043.99 0.44 CAMP Pool 255,614.11 5.11 CHEVRON CORP 50,942.15 1.02 CISCO SYSTEMS INC 99,308.70 1.99 COLGATE-PALMOLIVE COMPANY 505,753.14 10.10 FANNIE MAE 135,004.46 2.70 FEDERAL HOME LOAN BANKS 427,182.30 8.54 FREDDIE MAC 100,078.10 2.00 HSBC HOLDINGS PLC 100,073.10 2.00 IBM CORP 125,419.38 2.51 JP MORGAN CHASE & CO 49,997.00 1.00 MICROSOFT CORP 100,027.00 2.00 NORDEA BANK AB 29,955.00 0.60 STATE OF CONNECTICUT 110,810.59 2.22 THE WALT DISNEY CORPORATION 55,130.24 1.10 TOYOTA MOTOR CORP 2,227,828.37 44.52 UNITED STATES TREASURY 126,549.88 2.53 US BANCORP 174,965.35 3.50 WELLS FARGO & COMPANY $5,002,673.00 Total 100.00% Page 4 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 01/03/2012 0.875% 12/31/2016 100,625.00 99,941.56 367.40 99,820.31 01/26/1201/23/12AaaAA+ 100,000.00 912828RX0 0.91 US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 277,234.38 276,335.43 465.85 277,234.38 03/03/1402/27/14AaaAA+ 275,000.00 912828SM3 0.73 US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 302,437.50 300,420.42 508.20 300,691.41 03/21/1403/19/14AaaAA+ 300,000.00 912828SM3 0.92 US TREASURY NOTES DTD 04/30/2012 0.875% 04/30/2017 251,425.75 251,181.63 190.22 251,376.95 02/05/1502/04/15AaaAA+ 250,000.00 912828SS0 0.63 US TREASURY NOTES DTD 10/01/2012 0.625% 09/30/2017 99,750.00 99,721.41 105.87 99,417.97 10/31/1210/26/12AaaAA+ 100,000.00 912828TS9 0.75 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 149,390.70 147,965.54 2.56 147,117.19 05/09/1405/06/14AaaAA+ 150,000.00 912828UA6 1.18 US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 101,117.20 101,412.67 459.60 101,554.69 02/04/1502/02/15AaaAA+ 100,000.00 912828VQ0 0.92 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 95,437.86 94,479.25 3.24 94,335.74 06/03/1406/02/14AaaAA+ 95,000.00 912828A34 1.41 US TREASURY NOTES DTD 01/31/2014 1.500% 01/31/2019 177,091.78 174,333.02 877.42 174,186.52 07/31/1407/29/14AaaAA+ 175,000.00 912828B33 1.61 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 25,380.85 25,023.13 68.82 25,027.34 09/04/1409/02/14AaaAA+ 25,000.00 912828C65 1.60 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 73,892.55 74,043.25 127.05 74,024.41 04/30/1504/28/15AaaAA+ 75,000.00 912828TR1 1.30 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 172,415.95 171,917.28 296.45 171,739.26 02/27/1502/26/15AaaAA+ 175,000.00 912828TR1 1.42 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 254,218.75 253,726.37 741.12 253,876.95 03/27/1503/26/15AaaAA+ 250,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 147,410.10 147,110.62 4.10 147,105.47 05/29/1505/28/15AaaAA+ 150,000.00 912828UB4 1.44 Page 5 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par 4,217.90 2,227,828.37 2,217,611.58 1.10 2,217,508.59 2,220,000.00 Security Type Sub-Total Municipal Bond / Note CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 29,955.00 30,080.51 108.57 30,084.30 03/25/1503/16/15Aa3AA 30,000.00 20772JZK1 1.90 108.57 29,955.00 30,080.51 1.90 30,084.30 30,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 25,214.53 25,249.27 32.29 25,249.91 04/30/1504/15/15AaaAA+ 25,000.00 3136ANJY4 0.83 32.29 25,214.53 25,249.27 0.83 25,249.91 25,000.00 Security Type Sub-Total Federal Agency Bond / Note FHLB NOTES DTD 08/07/2014 0.500% 09/28/2016 135,004.46 134,811.57 118.13 134,696.25 08/07/1408/06/14AaaAA+ 135,000.00 3130A2T97 0.61 FHLMC NOTES DTD 08/16/2013 0.875% 10/14/2016 100,556.10 100,138.22 114.24 100,304.00 10/03/1310/01/13AaaAA+ 100,000.00 3137EADS5 0.77 FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 30,193.08 30,020.79 126.67 30,028.62 08/13/1408/11/14AaaAA+ 30,000.00 3137EADH9 0.97 FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 120,772.32 120,101.94 506.67 120,140.40 08/13/1408/11/14AaaAA+ 120,000.00 3137EADH9 0.96 FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 175,660.80 175,881.19 301.39 176,867.25 10/05/1210/04/12AaaAA+ 175,000.00 3137EADL0 0.78 FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 150,084.45 149,279.63 127.60 148,840.50 12/03/1311/27/13AaaAA+ 150,000.00 3135G0PQ0 1.08 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 99,512.30 99,083.73 24.31 98,485.00 05/31/1305/24/13AaaAA+ 100,000.00 3135G0WJ8 1.19 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 124,390.38 124,364.47 30.38 123,943.75 05/24/1305/22/13AaaAA+ 125,000.00 3135G0WJ8 1.05 Page 6 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par Federal Agency Bond / Note FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 106,551.48 105,853.88 18.96 105,997.50 10/23/1410/22/14AaaAA+ 105,000.00 3135G0YT4 1.39 1,368.35 1,042,725.37 1,039,535.42 0.96 1,039,303.27 1,040,000.00 Security Type Sub-Total Corporate Note JPMORGAN CHASE & CO GLOBAL NOTES DTD 02/26/2013 1.125% 02/26/2016 125,419.38 124,962.42 371.09 124,848.75 02/26/1302/21/13A3A 125,000.00 46623EJU4 1.17 TOYOTA MOTOR CREDIT CORP DTD 05/17/2013 0.800% 05/17/2016 55,130.24 54,992.72 17.11 54,977.45 05/17/1305/14/13Aa3AA- 55,000.00 89236TAL9 0.81 WALT DISNEY CO CORPORATE NOTE DTD 02/14/2012 1.125% 02/15/2017 110,810.59 109,853.78 364.38 109,606.20 06/14/1206/11/12A2A 110,000.00 25468PCS3 1.20 US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 126,549.88 126,079.96 91.67 127,670.00 07/30/1207/25/12A1A+ 125,000.00 91159HHD5 1.19 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 74,918.55 75,202.89 404.80 75,405.75 12/05/1211/29/12Aa1AA 75,000.00 166764AA8 0.99 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 99,891.40 100,000.00 539.73 100,000.00 12/05/1211/28/12Aa1AA 100,000.00 166764AA8 1.10 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 100,073.10 99,750.18 392.36 99,542.00 02/08/1302/05/13Aa3AA- 100,000.00 459200HK0 1.35 BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 150,030.90 149,975.60 478.13 149,956.50 03/06/1303/04/13A1A+ 150,000.00 06406HCJ6 1.36 MICROSOFT CORP GLOBAL NOTES DTD 05/02/2013 1.000% 05/01/2018 49,997.00 49,981.42 41.67 49,968.50 05/02/1304/25/13AaaAAA 50,000.00 594918AS3 1.01 COLGATE-PALMOLIVE CO NOTES DTD 05/02/2013 0.900% 05/01/2018 99,308.70 99,718.73 75.00 99,523.00 05/02/1304/29/13Aa3AA- 100,000.00 19416QEB2 1.00 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 54,510.34 54,880.07 42.78 54,797.05 05/03/1304/30/13Aa1AA+ 55,000.00 037833AJ9 1.08 CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 80,804.16 80,000.00 599.39 80,000.00 06/24/1306/17/13Aa1AA 80,000.00 166764AE0 1.72 Page 7 For the Month Ending May 31, 2015Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/MaturityCUSIP RatingRatingDateDate Costat CostInterest Cost Value Security Type/Description S&PMoody's OriginalYTMAccruedAmortized MarketTradeSettle Par Corporate Note CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 50,942.15 50,399.30 265.63 50,475.00 09/04/1408/29/14A1AA- 50,000.00 17275RAR3 1.90 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 101,448.90 99,840.40 662.50 99,815.00 09/09/1409/04/14A1A+ 100,000.00 02665WAH4 2.29 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 174,965.35 176,147.73 1,243.72 176,223.25 02/05/1502/02/15A2A+ 175,000.00 94974BGF1 2.00 5,589.96 1,454,800.64 1,451,785.20 1.39 1,452,808.45 1,450,000.00 Security Type Sub-Total Certificate of Deposit HSBC BANK USA NA CD DTD 02/13/2015 0.880% 08/15/2016 100,078.10 100,000.00 264.00 100,000.00 02/13/1502/11/15P-1A-1+ 100,000.00 40428AC54 0.88 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 100,027.00 100,000.00 9.58 100,000.00 05/29/1505/27/15Aa3AA- 100,000.00 65558LFA5 1.15 273.58 200,105.10 200,000.00 1.02 200,000.00 200,000.00 Security Type Sub-Total 4,965,000.00 4,964,954.52 1.15 11,590.65 4,964,261.98 4,980,629.01 Managed Account Sub-Total Money Market Fund CAMP Pool 22,043.99 22,043.99 0.00 22,043.99 NRAAAm 22,043.99 22,043.99 22,043.99 0.00 22,043.99 22,043.99 Money Market Sub-Total $4,987,043.99 $4,986,998.51 $11,590.65 $4,986,305.97 $5,002,673.00 1.15% $5,014,263.65 $11,590.65 Total Investments Accrued Interest Securities Sub-Total Page 8 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt MarketUnreal G/LUnreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 1.57 683.44 804.69 100,625.00 100.63 DEUTSCHE 100,000.00 912828RX0US TREASURY NOTES DTD 01/03/2012 0.875% 12/31/2016 0.48 1.57 1.81 898.95 0.00 277,234.38 100.81 MERRILL 275,000.00 912828SM3US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 0.55 1.81 1.81 2,017.08 1,746.09 302,437.50 100.81 MORGANST 300,000.00 912828SM3US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 0.55 1.81 1.90 244.12 48.80 251,425.75 100.57 CITIGRP 250,000.00 912828SS0US TREASURY NOTES DTD 04/30/2012 0.875% 04/30/2017 0.58 1.90 2.31 28.59 332.03 99,750.00 99.75 CITIGRP 100,000.00 912828TS9US TREASURY NOTES DTD 10/01/2012 0.625% 09/30/2017 0.73 2.31 2.47 1,425.16 2,273.51 149,390.70 99.59 MERRILL 150,000.00 912828UA6US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 0.79 2.47 3.08 (295.47)(437.49) 101,117.20 101.12 BARCLAYS 100,000.00 912828VQ0US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 1.02 3.08 3.42 958.61 1,102.12 95,437.86 100.46 CITIGRP 95,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 1.12 3.42 3.55 2,758.76 2,905.26 177,091.78 101.20 BARCLAYS 175,000.00 912828B33US TREASURY NOTES DTD 01/31/2014 1.500% 01/31/2019 1.17 3.55 3.70 357.72 353.51 25,380.85 101.52 CITIGRP 25,000.00 912828C65US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 1.22 3.70 4.22 (150.70)(131.86) 73,892.55 98.52 MERRILL 75,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.35 4.22 4.22 498.67 676.69 172,415.95 98.52 JPMCHASE 175,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.35 4.22 4.15 492.38 341.80 254,218.75 101.69 JPMCHASE 250,000.00 912828F39US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 1.35 4.15 4.38 299.48 304.63 147,410.10 98.27 CITIGRP 150,000.00 912828UB4US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 1.40 4.38 10,319.78 0.91 2.87 10,216.79 2,227,828.37 2,220,000.00 Security Type Sub-Total 2.87 Municipal Bond / Note 3.62 (125.51)(129.30) 29,955.00 99.85 VINING 30,000.00 20772JZK1CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 2.02 3.62 Page 9 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt MarketUnreal G/LUnreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration (129.30) 2.02 3.62 (125.51) 29,955.00 30,000.00 Security Type Sub-Total 3.62 Federal Agency Collateralized Mortgage Obligation 1.48 (34.74)(35.38) 25,214.53 100.86 GOLDMAN 25,000.00 3136ANJY4FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 0.90 2.66 (35.38) 0.90 1.48 (34.74) 25,214.53 25,000.00 Security Type Sub-Total 2.66 Federal Agency Bond / Note 1.32 192.89 308.21 135,004.46 100.00 MORGANST 135,000.00 3130A2T97FHLB NOTES DTD 08/07/2014 0.500% 09/28/2016 0.50 1.32 1.36 417.88 252.10 100,556.10 100.56 NOMURA 100,000.00 3137EADS5FHLMC NOTES DTD 08/16/2013 0.875% 10/14/2016 0.47 1.36 2.05 172.29 164.46 30,193.08 100.64 JPMCHASE 30,000.00 3137EADH9FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 0.69 2.05 2.05 670.38 631.92 120,772.32 100.64 BNP PARI 120,000.00 3137EADH9FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 0.69 2.05 2.29 (220.39)(1,206.45) 175,660.80 100.38 JEFFERIE 175,000.00 3137EADL0FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 0.84 2.29 2.37 804.82 1,243.95 150,084.45 100.06 SOC GEN 150,000.00 3135G0PQ0FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 0.85 2.37 2.92 428.57 1,027.30 99,512.30 99.51 CSFB 100,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 1.04 2.92 2.92 25.91 446.63 124,390.38 99.51 BNP PARI 125,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 1.04 2.92 3.39 697.60 553.98 106,551.48 101.48 GOLDMAN 105,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 1.19 3.39 3,422.10 0.82 2.30 3,189.95 1,042,725.37 1,040,000.00 Security Type Sub-Total 2.30 Corporate Note 0.73 456.96 570.63 125,419.38 100.34 JPMCHASE 125,000.00 46623EJU4JPMORGAN CHASE & CO GLOBAL NOTES DTD 02/26/2013 1.125% 02/26/2016 0.67 0.73 0.96 137.52 152.79 55,130.24 100.24 CITIGRP 55,000.00 89236TAL9TOYOTA MOTOR CREDIT CORP DTD 05/17/2013 0.800% 05/17/2016 0.55 0.96 Page 10 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt MarketUnreal G/LUnreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration Corporate Note 1.68 956.81 1,204.39 110,810.59 100.74 BARCLAYS 110,000.00 25468PCS3WALT DISNEY CO CORPORATE NOTE DTD 02/14/2012 1.125% 02/15/2017 0.69 1.68 1.84 469.92 (1,120.12) 126,549.88 101.24 04/15/17BARCLAYS 125,000.00 91159HHD5US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 1.01 2.42 2.46 (284.34)(487.20) 74,918.55 99.89 11/05/17BARCLAYS 75,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.15 3.00 2.46 (108.60)(108.60) 99,891.40 99.89 11/05/17MORGANST 100,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.15 3.00 2.62 322.92 531.10 100,073.10 100.07 HSBC 100,000.00 459200HK0IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 1.22 2.62 2.70 55.30 74.40 150,030.90 100.02 GOLDMAN 150,000.00 06406HCJ6BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 1.34 3.23 2.87 15.58 28.50 49,997.00 99.99 MERRILL 50,000.00 594918AS3MICROSOFT CORP GLOBAL NOTES DTD 05/02/2013 1.000% 05/01/2018 1.00 2.87 2.87 (410.03)(214.30) 99,308.70 99.31 CITIGRP 100,000.00 19416QEB2COLGATE-PALMOLIVE CO NOTES DTD 05/02/2013 0.900% 05/01/2018 1.14 2.87 2.87 (369.73)(286.71) 54,510.34 99.11 GOLDMAN 55,000.00 037833AJ9APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 1.31 2.87 2.96 804.16 804.16 80,804.16 101.01 BARCLAYS 80,000.00 166764AE0CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1.38 2.96 3.58 542.85 467.15 50,942.15 101.88 BONY 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.60 3.58 3.97 1,608.50 1,633.90 101,448.90 101.45 MERRILL 100,000.00 02665WAH4AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 1.89 3.97 4.38 (1,182.38)(1,257.90) 174,965.35 99.98 JEFFERIE 175,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 2.15 4.38 1,992.19 1.26 2.64 3,015.44 1,454,800.64 1,450,000.00 Security Type Sub-Total 2.81 Certificate of Deposit Page 11 For the Month Ending May 31, 2015Managed Account Fair Market Value & Analytics ValueOn CostAmort Cost to WorstCUSIPBrokerDatePriceDated Date/Coupon/Maturity Par at Mkt MarketUnreal G/LUnreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration Certificate of Deposit 1.21 78.10 78.10 100,078.10 100.08 HSBC 100,000.00 40428AC54HSBC BANK USA NA CD DTD 02/13/2015 0.880% 08/15/2016 0.45 1.21 1.98 27.00 27.00 100,027.00 100.03 MERRILL 100,000.00 65558LFA5NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 1.13 1.98 105.10 0.79 1.59 105.10 200,105.10 200,000.00 Security Type Sub-Total 1.59 4,965,000.00 4,980,629.01 15,674.49 16,367.03 2.63 1.00 Managed Account Sub-Total 2.68 Money Market Fund 0.00 0.00 0.00 22,043.99 1.00 22,043.99 CAMP Pool 0.00 22,043.99 22,043.99 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $5,014,263.65 $11,590.65 $5,002,673.00 Accrued Interest Securities Sub-Total $4,987,043.99 $15,674.49 $16,367.03 2.63 1.00% 2.68 Page 12 For the Month Ending May 31, 2015Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/LRealized G/L Sale Amort Cost Method BUY 05/29/15 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 65558LFA5 (100,000.00) 0.00 (100,000.00) 100,000.00 05/27/15 05/29/15 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828UB4 (147,105.47)(741.76)(147,847.23) 150,000.00 05/28/15 (741.76)(247,847.23)(247,105.47) 250,000.00 Transaction Type Sub-Total INTEREST 05/01/15 MICROSOFT CORP GLOBAL NOTES DTD 05/02/2013 1.000% 05/01/2018 594918AS3 0.00 250.00 250.00 50,000.00 05/01/15 05/01/15 COLGATE-PALMOLIVE CO NOTES DTD 05/02/2013 0.900% 05/01/2018 19416QEB2 0.00 450.00 450.00 100,000.00 05/01/15 05/25/15 FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 3136ANJY4 0.00 32.29 32.29 25,000.00 05/01/15 05/03/15 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 037833AJ9 0.00 275.00 275.00 55,000.00 05/03/15 05/15/15 US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 91159HHD5 0.00 1,031.25 1,031.25 125,000.00 05/15/15 05/17/15 TOYOTA MOTOR CREDIT CORP DTD 05/17/2013 0.800% 05/17/2016 89236TAL9 0.00 220.00 220.00 55,000.00 05/17/15 05/21/15 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 437.50 437.50 100,000.00 05/21/15 05/21/15 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 546.88 546.88 125,000.00 05/21/15 05/27/15 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 3135G0YT4 0.00 853.12 853.12 105,000.00 05/27/15 05/31/15 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828UB4 0.00 750.00 750.00 150,000.00 05/31/15 05/31/15 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 912828UA6 0.00 468.75 468.75 150,000.00 05/31/15 05/31/15 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 912828A34 0.00 593.75 593.75 95,000.00 05/31/15 5,908.54 5,908.54 0.00 1,135,000.00 Transaction Type Sub-Total Page 13 For the Month Ending May 31, 2015Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/LRealized G/L Sale Amort Cost Method SELL 05/29/15 FANNIE MAE GLOBAL NOTES DTD 02/15/2013 0.500% 03/30/2016 3135G0VA8 100,176.00 81.94 100,257.94 290.00 206.70 SPEC LOT 100,000.00 05/27/15 05/29/15 US TREASURY NOTES DTD 09/30/2011 1.000% 09/30/2016 912828RJ1 151,154.30 241.80 151,396.10 (164.06) 262.95 SPEC LOT 150,000.00 05/28/15 323.74 469.65 125.94 251,654.04 251,330.30 250,000.00 Transaction Type Sub-Total 4,224.83 5,490.52 9,715.35 125.94 469.65 Managed Account Sub-Total Total Security Transactions $125.94 $9,715.35 $5,490.52 $4,224.83 $469.65 Page 14 For the Month Ending May 31, 2015Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDateTransaction Description of TransactionUnit PriceDate CAMP Pool 14,552.36 Opening Balance 05/01/1505/01/15Purchase - Individual Portfolio Interest 1.00 250.00 14,802.36 05/01/1505/01/15Purchase - Individual Portfolio Interest 1.00 450.00 15,252.36 05/04/1505/04/15Purchase - Individual Portfolio Interest 1.00 275.00 15,527.36 05/15/1505/15/15Purchase - Individual Portfolio Interest 1.00 1,031.25 16,558.61 05/18/1505/18/15Purchase - Individual Portfolio Interest 1.00 220.00 16,778.61 05/21/1505/21/15Purchase - Individual Portfolio Interest 1.00 546.88 17,325.49 05/21/1505/21/15Purchase - Individual Portfolio Interest 1.00 437.50 17,762.99 05/26/1505/26/15Purchase - Individual Portfolio Interest 1.00 32.29 17,795.28 05/26/1505/26/15U.S. Bank Fees March 2015 1.00 (33.70) 17,761.58 05/26/1505/26/15IP Fees April 2015 1.00 (378.72) 17,382.86 05/27/1505/27/15Purchase - Individual Portfolio Interest 1.00 853.12 18,235.98 05/29/1505/29/15Purchase - Individual Portfolio Interest 1.00 241.80 18,477.78 05/29/1505/29/15Purchase - Individual Portfolio Interest 1.00 81.94 18,559.72 05/29/1505/29/15Purchase - Individual Portfolio Sell 1.00 151,318.36 169,878.08 05/29/1505/29/15Purchase - Individual Portfolio Sell 1.00 99,886.00 269,764.08 05/29/1505/29/15Purchase - Individual Portfolio Gain on Cost 1.00 290.00 270,054.08 05/29/1505/29/15Redemption - Individual Portfolio Buy 1.00 (147,847.23) 122,206.85 05/29/1505/29/15Redemption - Individual Portfolio Buy 1.00 (100,000.00) 22,206.85 05/29/1505/29/15Redemption - Individual Portfolio Loss on Cost 1.00 (164.06) 22,042.79 05/29/1506/01/15Accrual Income Div Reinvestment - Distributions 1.00 1.20 22,043.99 Page 15 For the Month Ending May 31, 2015Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDateTransaction Description of TransactionUnit PriceDate 22,043.99 22,043.99 22,043.99 16,947.47 7.33 0.00 (1,465,242.84) 1,453,129.01 34,157.82 1.20 22,043.99 0.00 (248,423.71) 255,915.34 14,552.36 Monthly Distribution Yield Average Monthly Balance Closing Balance Fiscal YTDMonth of Cash Dividends and Income Closing Balance Check Disbursements Redemptions (Excl. Checks) Purchases Opening Balance Closing Balance May January-May 0.08% Page 16