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ID# 15-832 Investment Report for June 2015
CITY OF LADE LSMOIZE DREAM EXTREME, REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: GRANT M. YATES CITY MANAGER DATE: DECEMBER 8, 2015 SUBJECT: INVESTMENT REPORT —JUNE 2015 Recommendation Staff recommends that the City Council receive and file the Investment Report for June 2015. Discussion The Investment Report is a listing of all funds invested for the City as of the date shown on the report. Additionally, the Review of the Investment Performance for the Second Quarter of 2015 is included. 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 June 2015 Investment Performance Review 2nd Quarter 2015 CITY OE i LADE ('E(2LSlfi0.E DREAM EXTREME lw CITY OF LAKE ELSINORE INVESTMENT REPORT JUNE 2015 CITY OF LAKE ELSINORE INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF JUNE 30, 2015 Total Investments Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund TOTAL POOLED CASH AND INVESTMENTS 46,224,800 46,224,800 $ 52,217,057 $ 279,650 $ (96,205) $ 52,400,502 300 1,000 $ 52,401.802 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 June 9, 2015. 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 November 16, 2015 Director of Administrative Services Date BANK DEPOSITS OUTSTANG BOOK ACTIVE ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank of America - General $ 5,798,509 $ 279,650 $ (96,113) $ 5,982,045 Bank of America - Payroll 162,233 - (92) 162,140 Bank of America - Flex Benefit 31,517 31,517 Total Active Accounts 5,992,258 279,650 (96,205) 6,175,702 INVESTMENTS City Local Agency Investment Fund 11,824,543 - - 11,824,543 City CAMP Investments: CAMP Pool Account 92,113 - - 92,113 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 6,528,620 - - 6,528,620 Corporate Note 8,763,808 - - 8,763,808 Certificate of Deposit 2,800,000 - - 2,800,000 Housing CAMP Investments: Housing CAMP Pool Account 26,311 - - 26,311 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 46,220,169 - - 46,220,169 Unrealized Gain/ (Loss) at 6 -30 -15 (LAIF) 4,446 - - 4,446 Unrealized Gain/ (Loss) at 6 -30 -15 (CAMP General) (4,330) (4,330) Unrealized Gain/ (Loss) at 6 -30 -15 (CAMP Housing) 4,516 - 4,516 Total Unrealized Gain/ (Loss) at 6 -30 -14 per GASB 31 4,631 4,631 Total Investments Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund TOTAL POOLED CASH AND INVESTMENTS 46,224,800 46,224,800 $ 52,217,057 $ 279,650 $ (96,205) $ 52,400,502 300 1,000 $ 52,401.802 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 June 9, 2015. 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 November 16, 2015 Director of Administrative Services Date Interest Rate 0.299% Beginning Balance CITY OF LAKE ELSINORE LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING JUNE 303 2015 Purchase Date Daily Netlncrease /(Decrease) Maturity Rate 24 -Hour Ending Balance 11,824,543 $ $ 11,824,543 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF JUNE 30, 2015 FUND NO FUND NAME AMOUNT 100 General Fund $ 16,367,000 104 Traffic Offender Fund 87 106 Affordable Housing In Lieu Fund 2,365,713 107 Developer Agreement Revenue 1,1367100 110 State Gas Tax Fund 11326,507 112 Transportation Fund 643,831 114 3131186 CAS Program Fund 3,932 116 City Hall - Public Works DIF Fund 947,444 117 Community Center DIF Fund 390,276 118 Lake Side Facility DIF Fund 699,496 120 Camino Del Norte OF 36,415 121 T.R.I.P. -2014A 558,634 130 Lighting & Landscape Maintenance Fund - City -wide 197,209 135 Lighting & Landscape Maintenance Fund - Dist. No. 1 370,370 140 Geothermal Fund 19,533 155 CSA152-- N.P.D.E.S. 101,930 201 Street C.I.P. Fund 97 204 Signal C.I.P. Fund 800 205 Traffic Impact Fee Fund 31160,360 211 Storm Drain C.I.P. Fund 314242723 221 Quimby Park C.I.P. Fund 21,993 231 Library C. I.P. Fund 12616,850 232 City Fire Protection Fund 8,366 254 AD 89 -1 Railroad Canyon Rd. Improvement Fund 126,253 268 CFD 2006 -2 VISCAYA IMPROVEMENT 215 271 CFD 2005 -1 SERENITY IMPROVEMENT 170 305 INFORMATION SYSTEMS SERVICE 6,866 310 SUPPORT SERVICE 6,220 315 FLEET SERVICE 31,691 320 FACILITIES SERVICE 34,114 332 CFD 2006 -1 Improvement Area B, Summerly 102,506 342 CFD 2007 -5 Red Kite Service Fund 1,316 343 CFD 2006 -2S VISCAYA SERVICES 395 345 CFD 2003 -2S Improvement Area D, Canyon Hills 195,409 346 CFD 2014 -1 Southshore Debt Service Fund 619862 347 CFD 2006 -1 Improvement Area A, Summerly 30,742 348 CFD 2003 -2 Improvement Area C, Canyon Hills 84,367 349 CFD 88 -3 (2013B) Debt Service Fund 34,833 350 CFD 98 -1 Summerhill Debt Service Fund 160,756 352 AD 86 -1 Debt Service Fund 627,992 354 CFD 90 -2 Successor RDA Debt Service Fund 116,951 357 CFD 2003 -2 Canyon Hills Debt Service Fund 113,583 366 CFD 2005 -6 City Center Townhomes Debt Service Fund 32,477 3 of 5 CITY OF LAKE ELSINORE POOLED CASH AND INVESTMENTS BY FUND AS OF JUNE 30, 2015 FUND NO FUND NAME 367 CFD 2005 -3 Summerly Debt Service Fund 368 CFD 2006 -2 Viscaya Debt Service Fund 369 CFD 2004 -3 Area 1 Rosetta Canyon Debt Service Fund 371 CFD 2005 -1 Serenity Debt Service Fund 372 CFD 2005 -2 Alberhill Ranch Debt Service Fund 374 CFD 2005 -4 Lakeview Villas Debt Service Fund 375 CFD 2006 -4 Tract No. 30698 & 32129 Debt Service Fund 376 CFD 2006 -3 La Strada Debt Service Fund 377 CFD 2006 -6 Tessara Debt Service Fund 378 CFD 2006 -8 Tract No. 31957 Debt Service Fund 382 CFD 2006 -9 Trieste Debt Service Fund 384 CFD 2003 -2 Area B Canyon Hills Debt Service Fund 385 CFD 2004 -3 Area 2 Rosetta Canyon Debt Service Fund 386 CFD 2007 -4 Mekenna Debt Service Fund 387 CFD 2007 -5 Red Kite Debt Service Fund 388 CFD 2007 -6 Holiday Inn Debt Service Fund 392 CFD 95 -1 City Center Debt Service Fund 393 AD 93 -1 Debt Service Fund 394 CFD 2005 -5 (2012A) Wasson Canyon Debt Service Fund 500 Capital Improvement Plan 604 Endowment Trust Fund 605 Public Improvement Trust Fund 606 Mobile Source Air Polution Reduction Fund 608 Trust Deposit & Pre Paid Expense Fund 617 Successor Agency Housing Fund 620 Cost Recovery System Fund 631 Lake Destratification Equipment Replacement Fund 650 CFD 2003 -1 Law & Fire Service Fund 651 CFD 2006 -5 Park & Open Space Service Fund 652 CFD 2007 -1 Law & Fire Service Fund 653 CFD 2009 -1 Parks & Lighting Service Fund 654 CFD 2003 -2S Fire Service Fund Total Pooled Cash & Investments 4of5 AMOUNT 88,235 109,235 91,749 108,183 408,984 45,356 17,710 22,682 10,01 g 47,210 31,469 275,072 364,663 10,488 60,447 3,792 29,580 97,135 215,750 547,258 10,975 783,198 152,757 1,407,674 10,914,612 1,215, 052 160,884 750 11250 750 1,250 1,250 $ 52,4012802 CITY OF LAKE ELSINORE SUMMARY OF POLICY LIMITATIONS FOR THE MONTH ENDING JUNE 30, 2015 Reverse Repurchase Agreements 0.00% 20.00% LAIF (Local Agency Investment Fund) 25.58% UNLIMITED Current Balance $ 11,824,543 CAMP - Pooled Sweep Account 0.26% UNLIMITED Current Balance $ 118,424 TOTAL 100.00% $ 46,220,169 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. DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00% UNLIMITED U.S. Treasury Bond / Note 28.15% UNLIMITED Current Balance $ 13,010,515 Municipal Bond / Note 0.69% UNLIMITED Current Balance $ 3209548 Federal Agency Collaterized Mortgage Obligation 0.35% 40.00% Current Balance $ 1615599 Federal Agency Bond / Note 16.37% UNLIMITED Current Balance $ 71567,923 Banker's Acceptance 0.00% 40.00% Certificates of Deposit 6.49% 25.00% Current Balance $ 3,000,000 Negotiable Certificates of Deposit 0.00% 30.00% Commercial Paper 0.00% 15.00% Corporate Note 22.10% 30.00% Current Balance $ 10,216,616 Repurchase Agreements 0.00% UNLIMITED Reverse Repurchase Agreements 0.00% 20.00% LAIF (Local Agency Investment Fund) 25.58% UNLIMITED Current Balance $ 11,824,543 CAMP - Pooled Sweep Account 0.26% UNLIMITED Current Balance $ 118,424 TOTAL 100.00% $ 46,220,169 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. CITY OF i LADE LLSIHORE EM City Funds CAMP Account Opening Market Value Purchases Redemptions Unsettled Trades Closing Market Value Cash Dividends and toward Account Statement - Transaction Summary 58,182.61 661,401.95 (627,471.42) 0.00 0.00 $92,113.14 5.70 Opening Market Value 29,383,233.92 Purchases 625,000.00 Redemptions (627,818.75) Unsettled Trades 0.00 Change in Value (72,497.91) Closing Market Value $29,307,917.26 Cash Dividends and Income 21,120.93 CAMP Pool CAMP Managed Account Total CAMP Managed Account 99.69% For the Month Ending June 30, 2015 _- June 30, 2015 May 31, 2015 92,113.14 58,182.61 29,307,917.26 29,383,233.92 $29,400,030.40 $29,441,416.53 a / ll r Opening Market Value Purchases Redemptions Managed Account Summary Statement $58,182.61 Opening Market Value 661,401.95 Maturities /Calls (627,471.42) Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value $29,383,233.92 Opening Market Value 0.00 (627,818.75) 625,000.00 0.00 (72,497.91) Closing Market Value $92,113.14 Closing Market Value $29,3071917.26 Closing Market Value Dividend 5.70 For the Month Ending June 30, 2015 $29,441,416.53 $291400030.40 Earnings Reconciliation (Cash Basis) - Managed Amount Interest/Dividends /Coupons Received 18,983.75 Closing Cash Balance $0.00 'irchased Interest Related to lnteresVCoupons 0.00 A Realized Gains /Losses 2,137.18 Total Cash Basis Earnings $21,120.93 Earnings Reconciliation (Accrual Basis) Managed Account Total 630,770.14 Ending Amortized Value of Securities 29,242,750.70 16,032.36 29,334,863.84 Principal Payments Ending Accrued Interest 88,094.93 Security Purchases 88,094.93 Plus Proceeds from Sales 630,770.14 1,258,241.56 0.00 Plus Proceeds of Maturities /Calls /Principal Payments 0.00 0.00 Plus Coupons /Dividends Received 16,032.36 16,032.36 Less Cost of New Purchases (625,000.00) (1,286,401.95) Less Beginning Amortized Value of Securities (29,246,395.88) (29,304,578.49) Less Beginning Accrued Interest (74,668.36) (74,668.36) Dividends 0.00 5.70 Total Accrual Basis Earnings $31,583.89 $31,589.59 Maturitles /Calls 0.00 Sale Proceeds 630,770.14 Coupon/Interest/Dividend Income 16,032.36 Principal Payments 0.00 Security Purchases (625,000.00) Net Cash Contribution (21,802.50) Reconciling Transactions 0.00 �Sf Page 2 PPM Asset Management J LC Portfolio Summary and Statistics Description Par Value Market Value Percent US. Treasury Bond / Note 10,780,000.00 10,819,152.64 36.80 Municipal Bond / Note 290,000.00 293,388.75 1.00 Federal Agency Collateralized Mortgage 135,000.00 136,007.24 0.46 Obligation Federal Agency Bond / Note 6,530,000.00 6,549,248.72 22.28 Corporate Note 8,625,000.00 8,714,134.15 29.64 Certificate of Deposit 2 800,000.00 2,795,985.76 9.51 Managed Account Sub -Total 29,160,000.00 29,307,917.26 99.69070 Accrued Interest 88,094.93 Total Portfolio 29,160,000.00 29,396,012.19 CAMP Pool 9211314 92,11314 031 Total Investments 29,252,113.14 29,488,125.33 100.00 % Unsettled Trades r 0.00 Maturity Distribution 0 -6 Months 6 -12 Months 1 2Years 2 3Years 3 1Years 4 -5 Years over 5 Years Muni Bond / Note 1.0O0/1 Mny Mkt Fund Fed Agy Bond / Note 22.28% For the Month Ending June 30, 2015 Deposit de Note CMO Characteristics Yield to Maturity at Cost 1.23% Yield to Maturity at Market 1.10% Duration to Worst 2.56 Weighted Average Days to Maturity 967 B r Managed Account Issuer Summary PFM Asset ManagenTent LLC For the Month Ending June 30, 2015 Page 4 Market Value Issuer of Holdings Percent 3M COMPANY 325,413.73 1.11 AMERICAN EXPRESS CO 200,651.60 0.68 AMERICAN HONDA FINANCE 578,900.80 1.97 APPLE INC 306,865.90 1.04 BERKSHIRE HATHAWAY INC 755,678.40 2.57 CAMP Pool 92,113.14 0.31 CANADIAN IMPERIAL BANK OF COMMERCE 574,051.25 1.95 CATERPILLAR INC 320,501.12 1.09 CHEVRON CORP 766,231.86 2.61 CISCO SYSTEMS INC 271,877.58 0.92 DEERE & COMPANY 435,291.89 1.48 'E MAE 3,968,876.27 13.50 AL HOME LOAN BANKS 775,183.68 2.64 h..JDIE MAC 1,941,196.01 6.60 GENERAL ELECTRIC CO 283,405.00 0.96 HSBC HOLDINGS PLC 700,161.50 2.38 IBM CORP 249,612.75 0.85 IF MORGAN CHASE & CO 702,016.00 2.39 MICROSOFT CORP 154,117.28 0.52 NORDEA BANK AB 573,346.88 1.95 PEPSICO, INC 250,152.25 0.85 RABOBANK NEDERIAND 573,309.50 1.95 STATE OF CONNECTICUT 166,443.75 0.57 THE WALT DISNEY CORPORATION 703,462.20 239 TORONTO - DOMINION BANK 624,996.88 2.13 TOYOTA MOTOR CORP 199,938.60 0.68 UNITED STATES TREASURY 10,819,152.64 36.81 UNIVERSITY OF CALIFORNIA 126,945.00 0.43 US BANCORP 708,433.60 2.41 WAL -MART STORES INC 805,999.04 2.74 WELLS FARGO & COMPANY 445,704.30 1.52 PFM Asset ManagenTent LLC For the Month Ending June 30, 2015 Page 4 �t �r f Y Managed Account Issuer Summary For me Month Ending June so, zols Total $29,400,030.40 100.000/0 CAP= Managed Account Detail of Securities Held For the Month Ending lone 30, cols Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value U.S. Treasury Bond / Note US TREASURY NOTES 912828R11 400,000.00 AA+ : Asa. 109105/14 09/09/14 403,484.38 0.57 .1,005.46 402,119.46 .. 403,031.20 DTD 09/30/2011 1.000% 09130/2016 - US TREASURY NOTES 91282872XO 500,000.00 AA+ Aaa 01/23112 01126/12 499.101.56 0.91 11.89 499,722.98 502,929.50 DTD 01/03/2012 0.875% 12/31/2016 US TREASURY NOTES 912628SM3 675,000.00 AA+ :Aaa 02/27/14 03103/14 .680.484.37 0.73. 1,696.72 678,131.98 660.167.80 DTD 03/31/2012 1.000 %03131/2017 - US TREASURY NOTES 9128285M3 1,300,000.00 AA+ Ass 03/19/14 03/21/14 1,302,996.09 0.92 3,267.76 1,301,740.86 1,309,952.80 DTD 03/31/2012 1,000% 03131/2017 US TREASURY NOTES 912828UA6 800,000.00 AA+ : Aaa 05/06114 05/09/14 784,625.00 1.18 423.50 789,501.50 796,562.40. DTD 11/30/2012 0.625% 11/30/2017 ASURY NOTES 912828UZ1 350,000.00 AA+ Pea 05/10/13 05/15/13 346,814.45 0.81 368.55 348,165.75 346,855.60 130/2013 0.625% 04/30/2016 US TREASURY NOTES 912828VQD 875,000.00 AA+ Asia : 02102/15 :02/04/15 '888,603.52. .0.92 - 5.018.56 887,042 18 883,750 00 +. DTD 0713112013 1.375% 07/3112018 US TREASURY NOTES 912828A34 570,000.00 AA+ Aaa 06/02/14 06/03/14 566.014.45 1.41 603.48 566,947.19 571,425.OD DTD 12/02/2013 1.250% 11/30/2018 US TREASURY NOTES 912828833:x: 475,000.00 AA+ Aaa 07/29114, 07131/14 472,791.99 1.61 2,97A03 .`473.229.31 ': 479.341.98 DTD 01/31/20141.500 %01/31/2019 US TREASURY NOTES 912828065 160,000.00 AA+ Aaa 09/02/14 09/04/14 160,175.00 1.60 653.55 160,144.95 161,912.48 DTD 03/31/2014 1.625% 03/31/2019 US TREASURY NOTES 912828065 : 575,000.00 AA+ Ass .10/02/14 .10106114 575,898.44 1.59 2,348.70 $75,755,91 581,872.98 DTD 03/31/2014 1.625% 03/31/2019 US TREASURY NOTES 912828KO2 500,000.00 AA+ Aaa 10/30/14 11103/14 535,429.69 1.50 11995.58 530,415.31 533,554.50 DTD 05/15/2009 3.125% 05/15/2019 US TREASURY NOTES 912828TR1.. 30 ,000,00 AA+ Aaa. 04 /28115. :04/30/15 296,097.66 1.30 754.10 296,243.67 2N,398.40 - )TO 10/01/2012 1.000% 09/30/2019 US TREASURY NOTES 91282M1 1,000.000.00 AA+ Asa 02/26/15 02/27/15 981,367.18 1,42 2,513.66 982,708.16 981,328.00 DTD 10/01/2012 1,000 %09/30/2019 1. Page 6 Immlm� PFM Asset Management L.LG Lh S 1 --�' Managed Account Detail of Securities Held For the Month Ending June 30, 2035 Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value DTD 09130/2014 1.750 %09/30/2019 US TREASURY NOTES DTD 11/30/2012 1,000% 11/30/2019 912828UB4 1.050,000.00 AA+ Aaa 05/28/15 05/29/15 1,029,738.28 1.44 889.34 1,030,132.45 136,007.24 1.027.031.25 Security Type Sub -Total 10,780,000.00 101793,006.83 1.20 30,021.51 101790,290.96 3130QT97 10,819,152.64 AA+ Municipal Bond / Note 08/06/14 08107114 773,256.25 0.61 1,001.04 773,986.09 775.183.68 DTD 08/07/2014 0.500% 09/28/2016 UNIV OF CAL TXBI. REV BONDS 91412GWS 12500000'1 AA A92 ` 04104114 04110114 125,00000 190 304.11 125,000 OR 126,99500. .601,824.00 DTD 04/10/20141.909 %05/15/2018 :1,122.92 - 600,77909 603,362.40 DTD 08/16/20130.875 %10/14/2016 CT ST TXBL GO BONDS 207723ZKI 165,000.00 AA Aa3 03/16/15 03/25/15 165,46365 190 868.56 165.433.34 26.67 166,443.75 982,633.76 DTD 03/25/20151.974 % 03/15/2019 FANNIE MAE GLOBAL NOTES 313$GM23 - Security Type Sub -Total 290,000.OD 290,463.65 1.90 1,172.67 290,433.34 293,36 Security Type Sub -Total 135,000.00 136,349.51 0.83 174.38 135,618.58 136,007.24 Fecleral Agency Bond / Note FHLB NOTES 3130QT97 775,000.00 AA+ Me 08/06/14 08107114 773,256.25 0.61 1,001.04 773,986.09 775.183.68 DTD 08/07/2014 0.500% 09/28/2016 FHLMC NOTES 3137EAOS5. 600,00000 IAA+ Aaa 10/01/13 10103/13 .601,824.00 077 ` :1,122.92 - 600,77909 603,362.40 DTD 08/16/20130.875 %10/14/2016 FREDDIE MAC GLOBAL NOTES 3137EADH9 480,000.00 AA+ Aaa 08/11/19 08/13/14 480,56160 0.96 26.67 480,391.59 982,633.76 DTD 05114/2012 1.000% 06/29/2017 FANNIE MAE GLOBAL NOTES 313$GM23 - 800,00000'AA+ Aaa '. 09106112 09/10112 801,98400 0.82 2352.78 800,87296 801,896.80.. DTD 07/2012012 0.875% 08/28/2017 FREDDIE MAC GLOBAL NOTES 3137EADL0 475,000.00 AA+ Aaa 10/04/12 10/05/12 480,068.25 0.78 1,213.89 417.306.90 476.119.10 DTD 08/10/2012 1.000% 09/29/2017 1'1'.51 Page 7 PFM Asset Management LL.0 Managed Account Detail of Securities Held For the Month Ending June 30, 2015 Security Type /Description 713448CE6 : 250.000,00 S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity COSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Federal Agency Bond / Note DTD. 05/15/20121.600 %05/15/2017 07/25112 07/30/12 714,952.00 US BANCORP(CALIABtE) 91159HHDS 700,000.00 A+ Al DID 05/08/2012 1,650% 05/15/2017 FANNIE MAE GLOBAL NOTES 3135GOPOO :. X11000,000.00 AA +. Aaa 11/27113 12103/13 992,270.00 1.08 1;579.86 - ..99536226 1,000,458.00 DTD 09/24/2012 0.875% 10/26/2017 FANNIE MAE GLOBAL NOTES 3135GOWIS 400,000.00 AA+ Me 05/24/13 05/31/13 393,940.00 1.19 388.89 396.436.15 397,606.00 DTD 04/15/2013 0.875% 05/21/2018 FANNIE. MAE GLOBAL NOTES 3135WW38 ` :650,000.00 AA +.. Aaa. 05/22113 05124/13 649,507.50..1.05' %631:94 '.646,78665 646.109.75: DTD 04/15/20130.875 %05/21/2018 FANNIE MAE GLOBAL NOTES 3135G0YT4 350.000.00 AA+ Aaa 06/16/14 06/19/14 350.010.50 1.62 537.15 350,009.08 354,235.35 DTD 10/01/2013 1.625% 11/27/2018 FANNIE MAE GLOBAL NOTES 3135GOYT4. 625,000.00 AA+ Aaa 10122/14 10/23/14 630,937.50 .1.39 `.959.20 629,96373 632,563.13 DTD 10/01/2013 1.625% 11127/2018 'E MAC NOTES 3137EADG1 375,000.00 AA+ Aaa 12/01/14 12/03/14 379,260.00 1.49 565.10 378,727.71 379,080.75 4/1612012 1.750% 05/30/2019 Security Type Sub -Total 6,530,000.00 PERUCO INC GLOBAL NOTES 713448CE6 : 250.000,00 A Al. DTD 02/28/2013 0.700% 02/2612016 6,530,622.21 6,549,248.72 02/25/13...02/28 /13 3PMORGAN CHASE & CO GLOBAL NOTES 46623SU4 700,000.00 A A3 DTD 02/26/2013 1,125% 02/26/2016 WALT DISNEY CO CORPORATE NOTE 25468PCS3 700,000.00 A A2 DTD 02/14/20121125% 02/1512017 6,530,622.21 6,549,248.72 02/25/13...02/28 /13 WAL-MAPT STORES INC SR NOTES 931142066 470,000.00 AA Aa2 DTD 04105/2007 5.375% 04/05/2017 02/21113 02/26/13 699,153.00 01115113 BERKSHIRE HATHAWAY FIN GLOBAL NOTES 084669859 "350,000.00 AA Aa2 DTD. 05/15/20121.600 %05/15/2017 07/25112 07/30/12 714,952.00 US BANCORP(CALIABtE) 91159HHDS 700,000.00 A+ Al DID 05/08/2012 1,650% 05/15/2017 06/11/12 06/14/12 6,528,619.60 1.02 10,319.44 6,530,622.21 6,549,248.72 02/25/13...02/28 /13 _249,91250 551,822.30 0 .71 '. .607.64 249,98073 :.250153.25 02/21113 02/26/13 699,153.00 01115113 1.17 2,734.38 699.813.26 702,016.00 06/11/12 06/14/12 697,494.00 1.20 2,975.00 A.699,11451 '. 703,46220.^ 04/05/12 04/11112 551,822.30 1.72 6,034.93 499,706.60 507,145.04 01/08113 01115113 354,987.50 1.26 715.56 352,188.74 a 353 ,760.40 07/25112 07/30/12 714,952.00 1.19 1,475.83 700.000,00 708.433.60 =Pvm,, Page 8 PPM Asset Management LLC MA 0C,21, A - L Managed Account Detail of Securities Held For Month Ending June 30, 2015 Security Type /Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value DTD 06/12/20141.125 %06/12 /203] 0258MDDR7 200,00000 - A A2 -: 09/18/14 :'09/23/14 .199,732.00 1.60 852.50 199,79985 200,651160. °. DTD 09/23/20141.550 %09/22/203] HSBC USA INC 40434CAA3 250,000.00 A A2 06/16/14 06/23/14 249,620.00 1.35 72.22 249 ,74] 77 249,880.25 DTD 06/23/2014 1300% 06/23/2017 11/28/12 12/05/12 150,00010D 1.10 119.60 150.0000D 149,35' - DTD 12/05/2012 1.104% 12/05/2017 3M COMPANY GLOBAL NOTES M579YAEI 325,00000. AA Aa3 06121/12 06/26/12. 323,50175 175.00000:. 1,10 45.14 324,395.06 12/05112 325,413737: DTD 06/26/2012 1,000% 06/26/2017 139.53 '175.457.33 174,25U.., '. DTD 12/05/2012 1,104% 1210512017 CATERPILLAR FINANCIAL SE 14912L6D8 320,000.00 A A2 08/13/14 08/20/14 319,840.00 02/08/13 1.27 1,47].]8 319.885.51 249.394.46 320,501.12 DTD 08/20/2014 1,250% 08/18/2017 AMERICAN EXPRESS CREDIT CORP NOTES 0258MDDR7 200,00000 - A A2 -: 09/18/14 :'09/23/14 .199,732.00 1.60 852.50 199,79985 200,651160. °. DTD 09/23/20141.550 %09/22/203] CHEVRON CORP (CALLABLE) GLOBAL NOTES 166764MB 150,000.00 AA Aal 11/28/12 12/05/12 150,00010D 1.10 119.60 150.0000D 149,35' - DTD 12/05/2012 1.104% 12/05/2017 CHEVRON CORP (CALLABLE) GLOBAL NOTES. 16676,IM8 175.00000:. AA Aal 11/29/12 12/05112 '175,94675 0.99 139.53 '175.457.33 174,25U.., '. DTD 12/05/2012 1,104% 1210512017 IBM CORP GLOBAL NOTES 459200HKO 250,000.00 AA. Aa3 02/05/13 02/08/13 248,855.00 1.35 1,241.32 249.394.46 249,612.75 DTD 02/08/2013 1.250% 02/08/2018 BERKSHIRE HATHAWAY GLOBAL NOTE OM67OBHO 400000.00 IAA Pat : 01/29/13 02/11/13 399,,PM00 1.58 : 2,445.56 399,70446 .401.91800 DTD 0211112013 1.550% 02/0912018 WAL -MART STORES INC GLOBAL NOTES 931142DF7 300,00000 AA As2 04/04/13 09/11/13 299.724.00 1.14 750.00 299,894.74 298.854.00 Dl 'D 04/11/2013 1.125% 04/11/2018 MICROSOFT CORP GLOBAL NOTES 594918AS3 155,000,00 AAA Asa : 04/25/13 ':05/02/13 -- 154.90235 101" ': 258.33 - 154,994.03 '. 154,117.28 DTD 05/02/20131.000 %05101/2018 - APPLE INC GLOBAL NOTES 037833M9 310,000.00 AA+ Aal 04130113 05/03/13 308.856.10 1.08 499.44 309.34306 306.86590 DTD 05/03/2013 1,000% 05/03/2018 CHEVRON CORP GLOBAL' NOTES 1667MMO :. 490000.00' AA Aal `. 06117113 ':06/24/13 440,00000 1 .72 :. 146.98 '440,00000 ':442,62416 DTD 06/24/20131718 %06/24/2038 CISCO SYSTEMS INC GLOBAL NOTES 17275MU 270,000.00 AA- Al 08/29114 09/04/14 272.565.00 1.90 1,912.50 272.109.98 2]18]758 DTD 03103/2014 2.125% 03/01/2019 d PI IM, Page 9 PPM Asset Management LLC C�`i r ,s �� Managed Account Detail of Securities Held For the Month Ending June 30, zols O�ytOF7AK1 LSINORE 1AKEELSiNORE,CTTYEUNDS,'G.;..,,, Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value AMERICAN HONDA FINANCE GLOBAL NOTES 02665WAH4 575,000.00 A+ Al 09/04114 09109/14 573,93625 2.29 4.887.50 574,099.60 578,900.80 DTD 09109/2019 2.2500k 08/15/2019 92,113.14 AAAm NR 450,281.25 0.00 92.113.14 DTD 02/13/2015 0,880% 08/15/2016 GENERAL ELECTRIC CAP COW NOTES 369626430 250.000.00 AA+ AT 03/20115 03/25/15 289,08250 2.05 61607.64 267.011.14 283,405,00 DTD 01/08/2010 5.500% 01/08/2020 575.000.00 A-I P -1 04/06/15 04/10115 97500000 101 11306.69 WEUS.FARGD &CO 94974BGF1 75,000.00 A+ A2 03/24/15 03/27/15 75,28800 2.07. 667.40 75,273.77 74,284.05 DTD 02/02/2015 21500b 01/3012020 RABOBANK NEDERLAND NV CERT DEPOS WELLS FARGO &CO 94974BGFI 375.000.00 A+ A2 02/02/15 02/05/15 377,621.25 2.00 3,336.98 377.417.56 371.420.25 DTD 02/02/2015 2.150% 01/30/2020 573,309.50 DTD 04/27/2015 1.070% 04/21/2017 TOYOTA MOTOR CORP NOTES 89236TCFO 200,000.00 AA- Aa3 03/23115 03/27115 201,776.00 1.96 1,301.94 201,686.94 199.938.60 DTD 03/12/2015 2.150% 0311212020 575.000.00 AA Aa3 05/27/15 05129/15 - ..575,00000 1.15> 606.15 y Type Sub -Total 8,625,000.00 DTD 05/29/20151.150 %05/26/2017 8,763,807.80 1.44 41,563.98 8,695,785.61 8,714,134.15 HSBC BANK USA NA CD 4042BACSI 450,000.00 A -1+ P -1 02/11115 02/13/15 450.000.00 0.88 11518.00 450,000.00 92,113.14 AAAm NR 450,281.25 0.00 92.113.14 DTD 02/13/2015 0,880% 08/15/2016 CANADIAN IMPERIAL BANK NY YCD 1360OV9 575.000.00 A-I P -1 04/06/15 04/10115 97500000 101 11306.69 575.00000 574.051.25 DT0. 04/10/20151,010% 04106/2017 RABOBANK NEDERLAND NV CERT DEPOS 21684B %H2 575,00009 A-1 P -1 04/22/15 04/27/15 575,000.00 1.07 1.093.78 575,000.00 573,309.50 DTD 04/27/2015 1.070% 04/21/2017 NORDEA BANK FINUJJD NY CD 65558LFAS 575.000.00 AA Aa3 05/27/15 05129/15 - ..575,00000 1.15> 606.15 575.000.00 573,346.88 DTD 05/29/20151.150 %05/26/2017 TORONTO DOMINION BANK NY YCD 89113ESN7 625,000.00 AA- Aal 06/16/15 06119/15 625.000.00 1.25 258.33 625,000.00 624.996.88 DTD 06/19/20151.240% 06/16/2017 Security Type Sub -Total 2,800,000.00 2,800,000.00 1.08 41782.95 2,800,000.00 2,795,985.76 Managed Account Sub -Total 29,160,000.00 29,312,247.39 1.23 88,094.93 29,242,750.70 29,307,917.26 Money Market Fund CAMP Pool 92,113.14 AAAm NR 92,113.14 0.00 92.113.14 92.113.14 YS'M7 Page 10 PFM Asset Management LLC Iv 1 try ?1C�r,�o 4 Managed Account Detail of Securities Held For the Month ending June 30, 2015 u ^�F�.'s��aGtie? +lyu� +�� �.u��S�,��' @�T�§"Y Y`' t �iv71�✓ Ga'�" 5 }� t�,�{ L i a�`P r ii � > �ntt���"J£4ew� p"rc,US.�ti'�`� �`4v a `c Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Money Market Sub -Total 92,113.14 92,113.14 0.00 92,113.14 92,113.14 Securities Sub -Total $29,252,113.14 $29,404,360.53 1.23% $88,094.93 $29,334,863.84 $29,400,030.40 Accrued Interest $88,094.93 Total Investments $29,488,125.33 Page 11 PFM Asset Manacrement ].d C CI3 . �� � -=--�J Managed Account Fair Market Value & Analytics For the Month ending June 30, 2015 CITY OF,LAKE,ELfiINORE LAKE �L`INC3R� GiTY FUN[?S ' + `5 Security Type /Description Next Call Market Market Unreal GIL Unreal GIL Effective Duration NTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Amon Cost Duration to Worst at Mkt US TREASURY NOTES 912828R31 400,000.00 CITIGRP : 10076 :. 403,031.20 (453.18) 911.74 1.24 1.24 0.39 DTD 09/30/20111.000 %09/30/2016 US TREASURY NOTES 912828MG 500.000.00 DEUTSCHE 100.59 502,929.50 3,827.94 3.206.52 1.49 1.49 0.48 DTD 01103/2012 0.875% 12/31/2016 US TREASURY NOTES 912828SM3 - 675,000.00 MERRII.L 100.77 680,16780 (316.57) 2,035.82 1.73 1.73 0.56 DTD 03/31/20121.000 %03/31/201] US TREASURY NOTES 9128285M3 1,300,000.00 MORGANST 100.77 1,309,952.80 6,956.71 8,211.94 1 .73 1.73 0.56 DTD 03/31/2012 1.0000k 03/31/2017 US TREASURY NOTES 912828VA6 800,000.00 MERRULL 9957 796.56240 11,937.40 7,060,90 2.39 2.39. 0.80 DTD 11/30/2012 0.625% 11/30/2017 US TREASURY NOTES 912828UZI 350,000.00 CSFB 99.10 346.855.6D 41.15 (1,310.15) 2.80 2.80 0.95 P'^ 04/30/2013 0.625% 04/3D/2018 `ASURY.NOTES 912828VOO 875,000.00 BARCLAYS 10100 883,750,00 '. (4,85352) ,(3,292.18) 3.00.' "'3,00 IN //31/20131375 %07/31/2018 US TREASURY NOTES 912828A34 570.000.00 CITIGRP 100.25 571,425.00 51410.55 4.477.81 3.33 3.33 1.38 DTD 12/02/2013 1.250% 11/30/2018 US TREASURY NOTES 912828B33: 475,000.00 BARCLAYS 100.91 419341.98 6.54999 6,112.67 346 846 1.24': DTD 01/31/20141.500 %D1 /31/2019 US TREASURY NOTES 912828065 160,000.00 CITIGRP 101.20 161,912.48 1,737.98 1,767.53 3.62 3.62 1.30 DTD 03/31/2014 1625% 03/31/2019 US TREASURY NOTES 912828065 575,000.00 MERRILL 10120 `.181.87298 5.974.54 6,117.07 362 3.62 1.30 DTD 03/31/20141.625 %03/31/2019 US TREASURY NOTES 912828K02 500,000.00 MERRIIL 106.71 533,554.50 (1,875.19) 31139.19 3.65 3165 1.34 DTD 05/15/2009 3.125% 05/15/2019 US TREASURY NOTES 912828TRI 300,000.00 MERRILL 9813 .299398.40 (1,699.26) (1,845.27) 4.13 4.13 1.45.' DTD 10/01/20121.000 %09/30/2019 US TREASURY NOTES 91282STRI 1,000,000.00 JPMCHASE 98.13 981,328.00 (39.18) (1,38016) 4.13 4.13 1.45 DTD 10/01/2012 1.000 %09/30/2019 US TREASURY NOTES 91282SF39 x.1,250.000.00 JPMCHASE 10120 '1.265.03875 (4,346.02) (3.250.55) 4.07 ...4,07 .1.46 DTD 09/30/20141.750 %09/30/2019 US TREASURY NOTES 912828UB4 11050,000.00 CITIGRP 97.81 1,027,031.25 (2,707.03) (3,101.20) 4.30 4.30 1.51 DTD 11 /30/2012 1.000% 11/30/2019 Security Type Sub -Total 10,780,000.00 10,819,152.64 26,145.81 28,861.68 3.07 3.07 1.07 Page 12 1 PPM Asset Management 1.LC Security Type Sub -Total 290,000.00 293,388.75 2,925.10 2,955.41 3.22 3.22 1.57 UIU U9/U1/1015 LSSU %U4IM12018 �r t Clar =� Managed Account Fair Market Value & Analytics For the Month ending June 30, zols Security Type Sub -Toni 135,000.0D Security Type/ Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration yTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Annort Cost Duration to Worst at Mkt Municipal Bond I Note UNIV OF CALTRBL REV BONDS ` 91412GUVS 125,000.00 GOLDMAN i 10L56 126,945 00 119415.00 1,945 00 ' 179 2.79. 135 `. DTD 04/10/20141904 %05/15/2018 - Federal Agency Bond I Note CISTT 61-GO BONDS 20772]ZKl 165,000.00 VINING 100.88 166,443.75 980.10 1,010.41 3.55 3.55 1.73 OM 03/25/20151.974% 03/1512019 Security Type Sub -Total 290,000.00 293,388.75 2,925.10 2,955.41 3.22 3.22 1.57 UIU U9/U1/1015 LSSU %U4IM12018 Security Type Sub -Toni 135,000.0D 136,007.24 (342.27) 388.66 2.57 1.44 0.96 Federal Agency Bond I Note FHLB NOTES 3130A2T97 775,000.00 MORGANST 100.02 775,183.68 1,927.43 1,197.59 1.24 1.24 DTD 08/07/2014 0,500% 09128/2016 FHLMC NOTES 3137EADS5 600,000.00 NOMURA 10056 603.36240 - 1,53840 ::: 2,58331 1.28 1.28 :0.44 DTD 08/1612013 0.875% 10/1412016 FREDDIE MAC GLOBAL NOTES _ 3137EADH9 480,000.00 BNP PART . 10055 482,633 76 2,072 16 2.242.17 1.98 1.98 0.72 . DTD 05/1412012 1.000% 06/29/2017 FANNIE MAE GLOBAL NOTES 3135GOMD 800,000.00 HSBC '... 100.24 801,896,60 'r (87 20) - 1,023 84 '. 2.14 2.14. 0.76 DTD 07/20/2012 0.875 %08/28/2017 - FREDDIEMACGLOBALNOTES 3137EAOLO 475.000.00 )EFFEME 100.24 476,119.10 (3.999.15) (1,187.80) 2.21 2.21 0.89 DTD 08/10/2012 1.000% 09/29/2017 FANNIE MAE GLOBAL NOTES 3135GOPOO 1,000,000.00 SOC GEN 10005 11000,45800 '.8.18800 - 509574 229 1229 0,85 DTD 09/24/20120.875% 10126/2017 FANNIE MAE GLOBAL NOTES 3135GOWJ8 400,000,00 CSFB 99.40 397.606,00 3,666.00 1.169.85 2.84 2.84 1.09 DTD 04/15/2013 0.875% 05/21/2018 FANNIE MAE GLOBAL NOTES 3135GOW38 .650,000.00 BNPPAM 9940 646,10975 - .:1,60225 :, (67690) : 284 ' .2.84 1.09 DTD 04/15/20130.875 %05/21/2018 FANNIE MAE GLOML NOTES 3135GOYT4 350.000.00 HSBC 101.21 354,235 35 4,224 85 4,226.27 3.3D 3.30 1.26 DTD 10/01/20131.625% 11/27/2018 FANNIE. MAE GLOBAL NOI'FS 3135GOYPI 625.000.00 GOLDMAN : 101.21 ;632,56313 1,62563 .. 2,59940 i 3.30 3.30 1.26 DTD 10/01/20131.625 % 11/27/2018 1:55' Page 13 SEEu PFM Asset Management LLC Cd OU For the Month enalnq rune 30, zo16 --- J� Managed Account Fair Market Value & Analytics Security Type/ Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 3137EADG1 375.000.00 TD SEC 101.09 329,080.75 (179.25) 353.04 3.77 3.77 1.46 Security Type Sub -Total 6,530,000.00 6,549,248.72 20,629.12 18,626.51 2.35 2.35 0.89 PEPSICO INC GLOBAL NOTES 713448CE6 250,000.00 JPMCHASE : 100.06 250.152.25 DTD 02/28/2013 0.700 %02/26/2016 0.65 0.65 0.68 5.968.20 4,347.69 JPMORGAN CHASE &CO GLOBAL NOTES 46623E)U4 700,000.00 JPMCHASE 100.29 702.016.00 DTD 02/26/2013 1.125% 02/26/2016 0.85 (1,227.10) 1,571.66 184 1.84 WALT DISNEY CO CORPORATE NOTE 25468PC53 700,00000 BARCLAYS 100.49 703,462.20 DTn 02/14/20121.125 %02/15/2017 425.313 1.92 1.92 109 260.25 ART STORES INC SR NOTES 931142056 470.000.00 GOLDMAN 107.90 507,145.04 /05/2007 5.375% 04/05/2017 1.96 0.94 ' 661.12 615.61 2.09 BEwL3HIRE. HATHAWAY FIN GLOBAL 089664BS9 350,000.00 GOLDMAN ) 101.07 `, 353,760.40. NOTES (642.60) (642.60) 3.00 2.39 1.28 DTD 05/15/20121.600 %05/15/2017 .. US BANCORP(CNU-ABLE) 91159HHD5 700,000.00 BARCLAYS 04115/17 101.20 708,433.60 DTD 05/08/2012 1.650% 05/15/2017 JOHN DEERE CAPITAL CORE NOTES 24422ESNO 435.000.00 HSK 100.07 435,291.89 DTD 06/12/20141.125 %06/12/2017 HSBC USA INC 40434CAA3 250,000.00 HSBC 99.95 249,880.25 OTO 06/23/2014 1.300% 06/23/2017 3M COMPANY GLOBAL NOTES 88579YAE1 325,000.00 MORGANSr 100.13 325,413.73 DTD 06/26/2012 1.000% 0612612017 CATERPILLAR FINANCIAL SE 1491216D8 320,000.00 CITIGRP 100.16 320,501.12 DTD 08/20/2014 1.250% 08/18/2017 AMERICAN EXPRESS CREDIT CORP NOTES 0258MODR7 200.000.00 DEUTSCHE 100.33 200.651.60 DTD 09/23/20141.550 %09/22/2017 CHEVRON CORR(CALLABLE) GLOBAL 166764,448 150,000.00 MORGANSr 11/05/17 99.57 149357,40 NOTES DTD 12/0512012 1.1040A 12/05/2017 l I T M Asset Management l.LC 239.75 17152 065 0.65 0.61 2.863.00 2.202.74 0.65 0.65 0.68 5.968.20 4,347.69 160 1.60 082 (44,677.26) 7,438.44 1.68 1.68 0.85 (1,227.10) 1,571.66 184 1.84 1.02 (6,518,40) 8,433.60 2.42 1.76 1.00 496.34 425.313 1.92 1.92 109 260.25 132.48 1.95 1.95 1.32 11911.98 1.01867 196 1.96 0.94 ' 661.12 615.61 2.09 2.09 1.18 919.60 851.25 2 17 2.12 1.40 (642.60) (642.60) 3.00 2.39 1.28 Page 14 Oi m� Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2015 Security Type/ Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt NOTES DTD 12/05/2012 1.104% 12/05/2012 IBM CORP GLOBAL NOTES 459200HK0 250,000.00 HSBC 99.85 249,612.75 757.75 218.29 2.54 2.54 1.31 DTD 02/08/2013 1.2500h 02108/2018 0 HSDC BANK USA NA CD 40428AC54 450.000.00 HSBC 100.06 450.281.25 281.25 281.25 1.13 BERKSHIRE HATHAWAY GLOBAL NOTE 084670SHO J 400.000.00 GOLDMAN 10048 401,91800 s:2,4790 : 2,21354 253 ,.2.53 ::1.36 OTO 02/11/2013 1.550 %02/09/2018 WAL -MART STORES INC GLOBAL NOTES 931142DP7 300,000.00 MORGANST 99.62 298,854.00 (870.00) (990.74) 2.72 2.72 1.27 DTD 04/11/2013 1.125% 04/11/2018 MICROSOFT COPE GLOBAL NOTES 594918A53 155.000.00 MERRILL S 99.43 154,11728 085.071 (82675) : 2.78. 2 .78. 1.20 DTD 05/02/20131.000 %05/01/2018 APPLE INC GLOBAL NOTES 037833-019 310,000.00 GOLDMAN 9899 306,865.90 (1,990.20) (2,477.16) 2.79 2.79 1.36 DTD 05/03/2013 1.000% 05/03/2018 CHEVRON CORE GLOBAL NOTES 1%769AE0 490,000:00 BARCLAYS -'. 10060 442.624.16 (`2 624.16 2,624.16 . 2.90 `. 2.90 DTD 06/24/20131218 %06/24/2018 CISCO SYSTEMS INC GLOBAL NOTES 17275RAR3 270,000.00 BONY 100.70 271,877 58 (687.42) (232.40) 3.49 3.49 1.93 DTD 03/0312014 2.125% 03/01/2019 AMERICAN HONDA FINANCE GLOBAL 02665WAH4 l' 575,000.00 MERRILL 1 10068 578,90080 ':4,96955 is 4,80120 389 3.89 2.08 NOTES,. DTO 09/09/2014 2.250% 08/15/2019 GENERAL ELECTRIC CAP CORD NOTES 36962G D0 250,000.00 GOLDMAN 113.36 283,405.00 (5,677.50) (3,606.14) 3.96 3.96 237 DTD 01/08/2010 5.500% 01/08/2020 WELLS FARGO &CO 99974BGF1 75.000.00 1ST TENN : 9905 74,28905 (1.00395) ) (989.72).. "4.30 4.30 2.37 DTD 02/02/20152.150 %01/30/2020 WELLS FARM &CO 94974BGFI 375.000.00 JEFFERIE 99.05 371,420.25 (6,201.00) (5.997.31) 4.30 4.30 2.37 DTD 02/02/2015 2.150% 01/30/2020 TOYOTA MOTOR CORP NOTES 89236TCFO 200.000.00 HSBC 99.97 :199,938.60 " 0.837.40) - (1,740.34) .4.42 4.42 2.16 DTD 03/12/20152.150 %03/12/2020 Security Type Sub-Toni 8,625,000.00 81714,134.15 (49,673.65) 18,348.54 2.43 3.35 1.30 Certificate of Deposit 0 HSDC BANK USA NA CD 40428AC54 450.000.00 HSBC 100.06 450.281.25 281.25 281.25 1.13 1.13 0.43 DTD 02/13/2015 0.8800A 08/15/2016 AgPT g{ Page 15 WPFM Asset Management LLC 0 � 1 `ilI '� = Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2015 Security Type/ Description 29,160,000.00 29,30],91].26 Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt Certificate of Deposit `'0.00 Money Market Sub -Total CANADIAN IMPERIAL BANK NY YCD 13606IW9 515,000.00 GOLDMAN 99.84 574,051.25 (948.75) (998.75) 1 .76 1 .76 1.10. DTD 04/10/20151.010 % 09/0612017 $65,166.56 2.59 2.56 1.10% Accrued Interest $88,094.93 RABOBANK NEDERLAND NV CERT DEPCS 21684SXM2 575,000.00 WLDMAN 99.71 5]3.309.50 (1,690.50) (1,690.50) 1.80 1.80 1.22 DTD 04/27/2015 1.070% 04/21/2017 NORDEA BANK FINLAND NY CD 65558LFA5 575,000.00 MERRIIL 99.71 '573.346.88 (1,65312) 0,65312) 190 1.9D 1.25 OTD 05/29/20151.150 %05/26/201] TORONTO DOMINION BANK NY YCD 89113ESNI 625,000.00 TD SEC 100.00 624.996.88 (3.12) (3.12) 1.94 1.94 1.25 DTD 06/19/20151.240 %06/16/2017 Security Type Sub -Total 2,800,000.00 2,795,985.76 (4,014.24) (4,014.24) 1.73 1.73 1.08 Mr,naged Account Sub -Total 29,160,000.00 29,30],91].26 (4,330.13) 65,166.56 2.59 2.56 1.10 F�ty Market Fund CAMP Pool 92.113.14 1.00 92.113.14 0.00 000 0.00 `'0.00 Money Market Sub -Total 92,113.14 92,113.14 0.00 0.00 0.00 0.00 Securities Sub -Total $290252413.14 $29,400,030.40 ($4,330.13) $65,166.56 2.59 2.56 1.10% Accrued Interest $88,094.93 Total Investments $29,488,125.33 z Page 16 �E'YPDf PPM Asset ManagementLLC F Managed Account Security Transactions & Interest For the Month Ending June 30, 2015 Transaction Type Principal Accrued Realized G/L Realized G/L Sale Trade Settle Security Descriotion cusiP Par Prnrepds TntprPO Total rout Amn rnet matbnd DTD 06/19/20151.240 %06/16/2017 Fi Transaction Type Sub -Total 6250000.00 (625,000.00) 0.00 (625,000.OD) 06/01/15 06/25/15 FNMA SERIES 3015-M7 ASQ2 3136ANJY4 135,000.00 0.00 174.38 174.38 DTD 04/01/2015 1,5500A 04/01/2018 06/05/15 06/05/15 CHEVRON CORP (CALLABLE) GLOBAL :. 166769AA8 175,000.00 000 -. 96600 966.00 NOTES DTO 12 /0512012 1.104% 12/05/2017 -. 06/05/15 06/05115 CHEVRON CORP(CALIABLE) GLOBAL 166764MB 150,000.00 0.00 828.00 828,00 NOTES DTD 12/05/2012 1.104% 12/05/2017 06112115 06112/15 JOHN DEERE CAPITALCORP NOTES '.: 24422ESNO f 435,000.00 ; 000 ! 2,44688 2.44688 ` DTD 06/12/20141.125 %06/12/2017 06/23/15 06123/15 HSBC USA INC 40434CAA3 250,000.00 0.00 1,625.00 1,625.00 DTD 06/23/20141.300% 06/23/2017 06124/15 06124/15 ! CHEVRON CORP. GLOBAL NOTES 1667MAEO i 440,000.00 ;: 0,00 - .3.779.60 3,779.60 - -: DTD 06 /24/20131:]18 %06 /24/2018 G - -- 06/26/15 06/26/15 3M COMPANY GLOBAL NOTES 88579YAEI 325,000.00 0.00 11625.00 1.625.00 DTD 06/26/2012 1.000% 06/26/2017 06/29115 06/29/15 FREDDIE MAC GLOBAL NOTES 3137FADH9 480,000.00 0.00 2.400.00 2,400.00 DTD 0$/14/20121.000 %06/29/2017 06130115 06/30/15 US TREASURY NOTES 9128288X0 500,000.00 EGO 2.187.50 2,187.50 DTD 01/03/2012 0.875% 12/31/2016 Transaction Type Sub -Total 2,890,000.00 0.00 16,032,36 16,032.36 o911yl13 oo 11W2n rn owM;"t uLw INUIo Dliioaom- 15u,Vuu.uu Ut,uglau 3,ubo.31 23E,IIg41 `. S17.B6 881.70 SPEC LOT DTD 05/14/20121.000 ;006/29/2017 - 06116115 06/19115 FREDDIE MAC GLOBAL NOTES 3137EADH9 395,000.00 396.781.45 1,865.28 398,646.73 1,319.30 1,453.88 SPEC LOT DTD 05/14/2012 1,000% 06/29/2017 C i'RS; Page 17 ,,k- PFMAssetManageri 7.LC _t Managed Account Security Transactions & InterOSt For the Month Ending June 30, 2015 C --,'^ pl' O� IAXE ELSLNQRE iAKE�L5IN0RE CL7Y FliNAS �,��: "� ` . , . :z`` ,c ,' r 4„ Transaction Type Principal Accrued RealizedG /L RealizedG /L Sale Trade Settle Security Description CUSIP Par Proceeds Interest Total Cost A ort Cost Method Transaction Type Sub -Total 625,000.00 622,818.75 2,951.39 630,720.14 2,137.18 2,335.58 Managed Account Sub -Total Total Security Transactions 2,818.75 18,983.75 21,802.50 2,132.18 2,335.58 $2,818.75 $18,983.75 $21,802.50 $2,132.18 $2,335.58 �1' Page 18 PFM Asset Management LL.0 3 Account Statement For the Month Ending June 30, 2015 Trade Settlement Share or Dollar Amount Total Date Date Transaction Descri Ption Unit Price of Transaction Shares Owned Opening Balance 58,182.61 06101/15 .06/01/15 :.Purchase Individual Portfolio interest 1.00 - 3,562.50 - 61,74531 06/01/15 06/01/15 Purchase- Individual Portfolio Interest 1.00 3,281.25 65,026.36 06/01/15 06/01/15 Purchase - Individual Portfolio Interest.. 1.00 51250.00 '.70,276.36'. 06/01/15 06/01/15 Purchase - Individual Portfolio Interest 1.00 2,500.00 72,776.36 06/05115 06/05/15 Purchase Individual Portfolio Interest '. 1.00 828.00 ,, 73,604,36! 06/05/15 06/05/15 Purchase - Individual Portfolio Interest 1.00 966.00 74,570.36 06/12/15 06/12115 Purchase - Individual Portfolio Interesl'. .1.00 2,446.88 77,017.24. 06/19/15 06/19/15 Purchase - Individual Portfolio Interest 1.00 1,086.11 78, 06/19/15 06/19/15 Purchase - Individual Portfolio Interest'; 1.00 1,865.28 '; 7$. 06/19/15 06/19/15 Purchase - Individual Portfolio Sell 1.00 395,462.15 475,430.78 06/19/15 06/19/15 Purcase- Individual Portfolio Sell 1.00 230,219.42 705,650.20' 06/19/15 -- - 06/19/15 Purchase - Individual Portfolio Gain on Cost - - - 1.00 - — 817.88 - 706,468.08 06/19/15 06/19/15 Purchase - Individual Portfolio Gain on Cost 1.00.1 1,319.30 2707,787.38 06/19/15 06/19/15 Redemption - Individual Portfolio Buy 1.00 (625,000.00) 82,787.38 06/23/15 06/23/15 1Purchase - Individual Portfolio Interest : 1,625 00 ` 84,412.38 06/24115 06/24/15 Purchase- Individual Portfolio Interest 1.00 3,779.60 88,191.98 06/24/15 .:06/24/15 IP Fees May 2015 1.00 (2,306.65) 85,885.33 06/24/15 06/24/15 U.S. Bank Fees April 2015 1.00 (164.77) 85,720.56 06/25/15 :06/25/15 Purchase - Individual Portfolio Interest 1.00 174.38 ;85,894.94' 06/26/15 06/26115 Purchase - Individual Portfolio Interest 1.00 1,625.00 87,519.94 06/29/15 06/29115 Purchase - individual Portfolio Interest 1.00 2,400.00 89,919.94 Page 19 P14M Asset Management 1 .0 C P \'✓ .A "Y—__F� Account Statement For the Month Ending June 30, 2015 Cil10FLAK LSIt{PRE, Trade Settlement Share or Dollar Amount Total Date Date Transaction Description Unit Price of Transaction Shares Owned 06/30/15 06/30/15 Purchase - Individual Portfolio Interest 1.00 2,187.50 92,107.44 06/30/15 07/01/15 Accrual Income Div Reinvestment- Distributions Closing Balance 1.00 5.70 II,,f Page 20 PFM Asset Management LLC 92,113.14 92,113.14 Month of Fiscal YTD June January-June Opening Balance 58,182.61 107,939.72 Closing Balance 92,113.14 Purchases 661,401.95 9,329,061.70 Average Monthly Balance 79,466.30 Redemptions (Excl. Checks) (627,471.42) (9,344,888.28) Monthly Distribution Yield 0,09% '.Disbursements 0.00 0.00 .ig Balance 92,113.14 92,113.14 Cash Dividends and Income 5.70 31.10 II,,f Page 20 PFM Asset Management LLC 92,113.14 92,113.14 CI'EY OF LADE OLSINORJE DILGAM EXTREME. Housing Funds CAMP Account Opening Market Value Purchases Redemptions Unsettled Trades Chance in Value Account Statement - Transaction Summary 22,043.99 4,687.28 (420.04) 0.00 0.00 Closing Market Value $26,311.23 Cash Dividends and Income 1.79 CAMP Managed Account Opening Market Value 4,980,629.01 Purchases 0.00 Redemptions 0.00 Il^ =paled Trades 0.00 a in Value (11,158.94) . -,mg Market Value Cash Dividends and Income =e= SEE_ PPM Asset Management LLC $4,9691470.07 2,872.99 CAMP Pool CAMP Managed Account Total CAMP Managed Account 99.47% For the Month Ending June 30, 2015 June 30, 2015 May 31, 2015 26,311.23 22,01 4,969,470.07 4,980,629.01 $4,995,781.30 $5,002,673.00 Pool Page 1 i r° } Opening Market Value Purchases Redemptions Managed Account Summary Statement $22,043.99 Opening Market Value 4,687.28 Maturities /Calls (420.04) Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value $4,980,629.01 Opening Market Value 0.00 0.00 0.00 0.00 (11,158.94) Closing Market Value $26,311.23 Closing Market Value $4,969,470.07 Closing Market Value Dividend 1.79 Earnings Reconciliation (Cash Basis) - Managed Amount Interest /Dividends /Coupons Recelvetl 2,872.99 Closing Cash Balance Less Purchased Interest Related to Interest /Coupons 0.00 Plus Net Realized Gains /Losses 0.00 Total Cash Basis Earnings $2,872.99 Earnings Reconciliation (Accrual Basis) Managed Account Maturities /Calls Total Sale Proceeds Ending Amortized Value of Securities 4,964,090.09 2,872.99 4,990,401.32 0.00 Ending Accrued Interest 13,512.26 Net Cash Contribution 13,512.26 Reconciling Transactions Plus Proceeds from Sales 0.00 420.04 Plus Proceeds of Maturities /Calls /Principal Payments 0.00 0.00 Plus Coupons /Dividends Received 2,872.99 2,872.99 Less Cost of New Purchases 0.00 (4,687.28) Less Beginning Amortized Value of Securities (4,964,261.98) (4,986,305.97) Less Beginning Accrued Interest (11,590.65) (11,590.65) Total Accrual Basis Earnings $4,622.71 $4,624.50 For the Month Ending June 30, 2015 $5,002,673.00 $4,995,781.30 $0.00 r �I�lryt' Page 2 PPM Asset Management LLC Maturities /Calls 0.00 Sale Proceeds 0.00 Coupon /Interest/Dividend Income 2,872.99 Principal Payments 0.00 Security Purchases 0.00 Net Cash Contribution (2,872.99) Reconciling Transactions 0.00 r �I�lryt' Page 2 PPM Asset Management LLC C '�R"N rrc _s Portfolio Summary and Statistics Description Par Value Market Value Percent U.S. Treasury Bond / Note 2,220,000.00 2,223,510.66 44.51 US TSY Municipal Bond / Note 30,000.00 30,262.50 0.61 Federal Agency Collateralized Mortgage 25,000.00 25,186.53 0.50 Obligation Federal Agency Bond / Note 1,040,000.00 1,041,820.44 20.85 Corporate Note 1,450,000.00 1,448,914.94 29.00 Certificate of Deposit 200,000 00 199,775.00 4.00 Managed Account Sub -Total 4,965,000.00 41969,470.07 99.47% Accrued Interest 13,512.26 Total Portfolio 4,965,000.00 41982,982.33 CAMP Pool 26,311.23 26,311.23 0.53 '.Investments 4,991,311.23 5,009,293.56 100.00% Munii Unsettled Trades 0.00 0.00 0- 611artie 6 12"lnths 1 -2Years 2 -3Years 3 4Years 4 5Years Over 5 Yeas For the Month Ending June 30, 2015 Yield to Maturity at Cost 1.15% Yield to Maturity at Market 1.06% Duration to Worst 2.54 Weighted Average Days to Maturity 958 Page 3 PPM Asset Management LL.0 r F VL— Managed Account Issuer Summary For the Month Ending June 30, 2015 Total $4,995,781.30 100.000/0 �I't.tY Page 4 11FM Asset Management LLC Market Value Issuer of Holdings Percent AMERICAN HONDA FINANCE 100,678.40 2.02 APPLE INC 54,443.95 1.09 BANK OF NEW YORK CO INC 149,117.55 2.98 CAMP Pool 26,311.23 0.53 CHEVRON CORP 254,727.42 5.10 CISCO SYSTEMS INC 50,347.70 1.01 COLGATE - PALMOLIVE COMPANY 99,264.20 1.99 FANNIE MAE 505,179.22 10.11 FEDERAL HOME LOAN BANKS 135,032.00 2.70 FREDDIE MAC 426,795.75 8.54 HSBC HOLDINGS PLC 100,062.50 2.00 IBM CORP 99,845.10 2.00 iP MORGAN CHASE & CO 125,360.00 2.51 MICROSOFT CORP 49,715.25 1.00 NORDEA BANK AS 99,712.50 2.00 STATE OF CONNECTICUT 30,262.50 0.61 THE WALT DISNEY CORPORATION 110,544.06 121 TOYOTA MOTOR CORP 55,035.86 1.10 UNITED STATES TREASURY 2,223,510.66 44.50 US BANCORP 126,506.00 2.53 WELLS FARGO & COMPANY 173,329.45 3.47 Total $4,995,781.30 100.000/0 �I't.tY Page 4 11FM Asset Management LLC Z uManaged Account Detail of Securities Held For the Month Ending June 30, 2015 GT[1 OFIAWE,MNORE4,ILAKE,E SING_,I2E ,HQUSING,FUNDS .;_ .,, t .. `.; 1` .`. `_ ... Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value US TREASURY NOTES 912828MO 100,000.OD M+ Asa 01123/12. 01/26/12 99,820.31. 0.91 2.38 99,944.59 100,585.90 DTD 01/03/2012 0.875% 12/3112016 US TREASURY NOTES 9128285M3 275,000.00 M+ Asa 02/27/14 03/03/14 277,234.38 0.73 691.26 276,275.99 277.105.40 DTD 03/31/2012 1.000% 03/31/2017 US TREASURY NOTES '912828SM3 300.000.00 M+ Aaa 03119/14. 03/21114 ':300,69141 0.92. 754.10 300.401.74 302,296.80 DTD 03/31/20121.000 %03/31/2017 US TREASURY NOTES 912828550 250,000.00 M+ Aaa 02/04/15 02/05/15 251,376.95 0.63 368.55 251,131.52 251,269.50 DTD 04/30/2012 0.875% 04/30/2017 US TREASURY NOTES 912828TS9 100,000.00 M+ Aaa 10/26/12. 10/31/12 99,417.97. 0 .75 157.10 99,731.13 99,703.10 DTD 10/01/20120.625 %09/30/2017 'ASURY NOTES 912828UA6 150.000.00 M+ Aaa 05/06/14 05/09/14 147,117.19 1.18 79.41 148,031.54 149,35545 :/30/2012 O.625 0h 11/30/2017 US TREASURY NOTES 912828VOO 100,000.00 M+ Asa: 02102/15 ?02/04115 101,55969 0.92. :573.55 :101,376.25 101,000.00 DTD 0]/31/20131.375 %07/31/2018 US TREASURY NOTES 912828/34 95,000.00 M+ Asa 06/02/14 06/03/14 94.335.74 1.41 100.58 94.491.20 95,237.50 DTD 12/02/2013 1.250% 11/30/2018 US TREASURY NOTES - 912828B33 175,000.00 M+ Pea 07/29/14 07/31/14 .174,18652 1.61 4,094.96 .174347.64 176,599.68 .. DTD 01/31/20141.500 %01/31/2019 US TREASURY NOTES 912828065 25.000.00 M+ Aaa 09/02114 09/04/14 25,027.34 1.60 102.12 25,022.65 25,298.83 DTD 03/31/2014 1.625% 03/31/2019 US TREASURY NOTES 91282MI 75.000.00 M+ Aaa 04/28115 04/30/15 74,02941 1.30 `188.52 74,060.91 73.599.60 DTD 10/0112012 1.000 %09/30/2019 US TREASURY NOTES 912828TR1 175,000.00 M+ Aaa 02/26/15 02/27/15 171,739.26 1.42 439.89 171,973.93 171,732.40 DID 10101/2012 1.000% 09/30/2019 US TREASURY NOTES - 912828F39 250,000.00 M+ Aaa 03/26/15. - 03/27/15 253.876.95. 1.39 1:099.73 ' 253,657.86 253,007.75 DTD 09/30/20141.750 %09/30/2019 US TREASURY NOTES 912828U64 150.000.00 M+ Aaa 05/28/15 05/29/15 147,105.47 1.44 127.05 147,161.78 146,718.75 DTD 11/30/2012 1.000% 11/30/2019 Page 5 IS. PFM Asset Management LLC 5 �r Managed Account Detail of Securities Held For the Month Ending June 330, 2015 Security Type /Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Security Type Sub -Total 2,220,000.00 2,217,508.59 1.10 5,779.20 21217,608.73 2,223,510.66 �1 m1 LA0L Wrxmua ;. DTD 03/25/20151.974 %03/15/2019 zulli) U, ao.uo0.0o AA - AA3 03116115 03125/15 30,08430 1.90 '. 157.92 '- 30,078,79 30.262.50 Security Type Sub -Total 187.15 30,000.00 100,129.85 100,560.40 DTD 08/16/2013 0.875% 10/14/2016 30,084.30 1.90 157.92 30,078.79 30,262.50 Federal Agency Collateralized Mortgage Obligation FREDDIE MAC GLOBAL NOTES FNMA SERIES 2015 -M7 ASQ2 3136AMY4 25,000.00 AA+ Aaa 04/15/15 04/30/15 25.249.91 0.83 32.29 25,114.55 25.186.53 DTD 04 /0112015 1.550% 04/01/2018 30,01997 30.164.61:` DTD 05/14/2012 3 000% 0612912017 Security Type Sub -Total 25,000.00 25,249.91 0.83 32.29 25,114.55 25,186.53 Federal Agency Bond IF Note AA+ Aaa 08/11/14 08/13/14 120,140.40 0.96 6.67 ENO NOTES 313OA2T97 13500000'AA+ Aaa `'< 08/06114 08/07/14 '..134,696.25 0.61 ? `.174.38 .334,02338 135,0 DTD. 08107/2014 0,500% 09/2812016 FHLMC NOTES 3137EAD55 100,000.00 AA+ Aaa 10/01/13 10/03/13 100,304.00 0.77 187.15 100,129.85 100,560.40 DTD 08/16/2013 0.875% 10/14/2016 FREDDIE MAC GLOBAL NOTES - 3137EADH9 30,00100?AA+ AAA -- 08/11114 - -- 00/13114 -- 30.02862 097 - -- `1:67 30,01997 30.164.61:` DTD 05/14/2012 3 000% 0612912017 FREDDIE MAC GLOBAL NOTES 3137EADH9 120,000.00 AA+ Aaa 08/11/14 08/13/14 120,140.40 0.96 6.67 120,097.90 120,658.44 DTD 05/14/2012 1,000% 06/29/2017 FREDDIE MAC GLOBAL NOTES 3137EAD1.0 175,000.00'AA+ Aaa 10104/12. 10/05/12 176,867.25 078 447.22 :175,849,91 :175,412.30:' DTD 08/10/20121000 %09/29/2017 FANNIE MAE GLOBAL NOTES 3135GOMD 150.000.00 AA+ Aaa 11/27/13 12/03113 148,840.50 1.08 236.98 149.30934 150,068.70 DTD 09/24/2012 0.875% 10/26/2017 FANNIE MAE GLOBAL NOTES 3135GOW)8: 100,000.00 AA+ AAA 05124113 05131/13 98,485.00 1.19. :.97.22 99,10904 :: 99,401.50f` DTD 04/15/2013 0.8750A 05121/2018 FANNIE MAE GLOBAL NOTES 3135GOW38 125,000.00 AA+ Aaa 05/22/13 05/24/13 123,943.75 1.05 121.53 124,382.05 124,251.88 DTD 04/15/2013 O 875% 05/21/2018 Page 6 PFM Asset Management LLC 1F =-� Managed Account Detail of Securities Held Forme Month Ending June 30, 2015 CI1,QF_1A,14EEI5INOR1 ,tA_K,I,ELSIN,ORE ( pI3SINGFUNDS ., .t . ` ;?, . _... r;._ ... ., , ...z . OF .�_ Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity COSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value FANNIE MAE GLOBAL NOTES 3135GOYT4 105,000.00 A4+ Aaa 10122/14 '10/23114 105,997.50 1.39 161.15 105,833.91 106,270.61 OLD 10/01/2013 1.625% 11127/2018 Security Type Sub -Total 1,040,000.00 1,039,303.27 0.96 1,433.97 1,039,550.35 1,041,820.44 Corporate Note ]PMORGAN CHASE &CO GLOBAL NOTES 46623EID4 125.000.00 A A3 02/21/13 02/26/13 124,848.75 1.17 488.28 124,966,65 125,360.00 DTD 02/26/2013 1.1250k 02126/2016 TOYOTA MOTOR CREDIT COW 89236TAL9 - 55.000.00 AA� Aa3 05/14/13 05117113 x:54.977.45 0.81 53.78. .54,993.35 55,035.86 DTD 05/17/20130.800 %05/17/2016 WALT DISNEY CO CORPORATE NOTE 25468PCS3 110,000.00 A N 06/11112 06/14/12 109.606.20 1.20 467.50 109.860.85 110.544.06 1/14/2012 1.125% 02/15/2017 4CORP(CALIABIE) 91159HHD5 - 125,000.00 A+ Al 07/25/12 07/30/12 -. 127,670.00 1.19 263.54 126.032.32 126,506.00 DTD 05/08/20121.650 %0511512017 CHEVRON CORP(CALI.ABLE) GLOBAL NOTES 166764AA8 75,000.00 AA Aal 11/29/12 12/05/12 75,405.75 0.99 59.80 75,196.00 74,678.70 DTO 12/05/2012 1.104% 12105/2017 CHEVRON CORP(CALIABLE) GLOBAL NOTES 166754AA8.. 100.000.00 AA 'Aa1 11128112: 12/05/12 100,00000.3.30: 79.73 100,00000 .99.571.60 ' DTD 12/05/2012 1.104% 12/05/2017 IBM CORP GLOBAL NOTES 459200HKO 100,000.00 AA AM3 02/05113 02/08113 99,542.00 1.35 496.53 99,757.78 99,845.10 DTD 02108/2013 1.25006 02/08/2018 BANK OF NEW YORK MELLON(CALLABLE) 06406HC16 150,000.00 A+ Al 03/04/13 '03/06/13 149.956.50.`1.36 646.88 149.975.32 149117,55 DTD 03/06/20131.350 %03/06/2018 MICROSOFT CORD GLOBAL NOTES 594918AS3 50,000.00 AAA Asa 04/25/13 05/02/13 49,968.50 1.01 83.33 49.981.95 49,715.25 DTD 05/02/2013 1.000% 05/01/2018 COLG4TE- PALMOLIVE CO NOTES 194160EB2 10D,000.00 AA- Aa3 04/29/13 05/02/13 99.523.00 1.00 - 150.OD 99,726.66 99.264.20 DTD 05/0212013 0.900% 05101/2018 APPLE INC GLOBAL NOTES 037833A19 55.000.00 AA+ Au 04/30/13 05/03113 54,797.05 1.08 88.61 54,883.45 54.443.95 DTD 05/0312013 1.000% 05/03/2018 CHEVRON CORP GLOBAL NOTES 166764AE0 80.000.00 AA Pal 06117113 06/24/13 80,00D.00 1.72 26,72 80,000.00 80.477.12 DTD 06/24/20131.718 %06/24/2018 Page 7 =I'lF,Si' WoP,PM Asset Management LLC d Managed Account Detail of Securities Held For the Month Ending June 30, 2015 Security Type /Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value 'I Corporate Note CISCO SYSTEMS INC GLOBAL NOTES 17275RAP3 50000.00 AA- Al 08/29/14 09/04/14 50,425.00 1.90 354.12 50,390.74 50,347.70 OLD 03/03/2014 2.1250k 03/01/2019 AMERICAN HONDA FINANCE GLOBAL NOTES 02665WAH4 100,00000 A+ Al 09104/14 09109/14 99.81500 229 :850.00 :99,84341 100,678.40 DTD 09 /09/2014 2.250 %:OB115 /2019 WELLS FARGO &CO 94974BGF1 125.000.00 A+ A2 02/02/15 02/05/15 176,223.25 2.00 1,557.26 176.128.19 173,329.45 DTD 02/02/2015 2.150% 01/30/2020 Security Type Sub -Total 1,450,000.00 10452,808.45 1.39 5,666.13 1,451,737.67 1,448,914.94 Certificate of Deposit Total Investments ;5,009,293.56 1. — , WPFM Asset Management LdLC Page 8 HEBB BANK USA NA CD 40428AC54 100,000.00 -A -i+ P-1 02/11/15 02113115 100.000.00 088 5 337.33 - .10,000.00 `:100.062.50' ETD 02/13/20150880 %08/15/2016 — - NORDEABANKFINLANDNYCD 65558LFA5 100,000.00 AA- Aa3 05/27/15 05/29/15 100,00000 1.15 105.42 100,000.00 99,7. OLD 05/29/2015 1.150% 05126/2017 Security Type Sub -Total 200,000.00 200,000.00 1.02 442.75 200,000.00 199,775.00 Managed Account Sub -Total 4,965,000.00 0 NR 4,964,954.52 1.15 13,512.26 4,964,090.09 4,969,470.07 Money Market Sub -Total 26,311.23 26,311.23 0.00 26,311.23 26,311.23 Securities Sub -Total $4,991,311.23 Accrued Interest $4,991,265.25 1.15% $13,512.26 $4,990,401.32 $4,995,781.30 $13,512.26 Total Investments ;5,009,293.56 1. — , WPFM Asset Management LdLC Page 8 ." 4211 gj -'--�� Managed Account Fair Market Value & Analytics For the Month Ending tune so, zo>s GITIOFJAKELSTNORi iRKEI.SI�(DttE H01lStGFUND�„ _. �.a Security Type/ Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt US TREASURY NOTES 912828RX0 100,000.00 DEUTSCHE 100.59 100,585.90 765.59 641.31 149 1.49 0.48 DTD 01/03/2012 0.875% 12/31/2016 US TREASURY NOTES 912828SM3 275,000.00 MERRILL 100.77 277.105.90 (128.98) 829,41 1.73 1.73 0.56 DTD 03/31/2012 1.000% 03/31/2017 US TREASURY NOTES 9128285M3 .300,000.00 MORGANSf. 100.77 302,296.80 1.605.39 11895.06 173 1.73 .0.56 DTD 03/31/20121.000 ;503/31/2017 US TREASURY NOTES 91282MSO 250,000.00 CITIGRP 100.51 251.269.50 (107.45) 137.98 1.82 1.82 0.60 DTD 04/30/2012 0.875% 04/30/2017 US TREASURY NOTES 912828TS9. 100,000.00 CITIGRP 99.70 99]03.10 285.13 (28.03) 223. -:2.23 0.76 DTD 10/0112012 0.625% 09/30/2017 US TREASURY NOTES 912828UA6 150,000.00 MERRILL 99.57 149,355.45 2,238,26 1,323.91 2.39 2.39 0.80 �T^ 11/30/2012 0,625% 11/30/2017 AWRY NOTES 912828VOO 100.000.00 BARCLAYS 101100 101,000.00 (554.69) (376,25) 300 ,3.00 1.04 /31/20131.375 %07 /31/2018 - US TREASURY NOTES 912828A34 95,000.00 CITIGW 100.25 95,237.50 901.76 746.30 3.33 3.33 1.18 DTD 12/02/2013 1,250% 11/30/2018 US TREASURY NOTES 912828833 175,000.00 BARCLAYS - 100.91 176,59968 2,413.16 2,25204 346 3.46 124.= DTD 01/31/2014 1.50D %01/31/2019 US TREASURY NOTES 912828065 25,000.00 CITIGRP 101.20 25.298.83 271.49 276.18 3.62 3.62 1.30 DTD 03/31/2014 1.625% 03/31/2019 US TREASURY NOTES 91282MI - :75,000.00 MERRILL 98.13 73.599,60 (424.81) (461.31) 913 -4.13 145 DTO 10/01/2012 1.000% 09/30/2019 US TREASURY NOTES 91282URI 175,000.00 JPMCHASE 96.13 171.732.40 (6.86) (241.53) 4.13 4.13 1.45 DTD 10/01/2012 1.000% 09/30/2019 US TREASURY NOTES 91282SP39 250,000.00 )PMCHASE 101.20 253.007]5 (869.20) (650.11) 907 '.4.07 146 - DTD09/30/20141.750 %09/30/2019 US TREASURY NOTES 912828004 150,000.00 CITIGRP 97.81 146,718,75 (386.72) (443.03) 4.30 4.30 1.51 DTD 11/3012012 1.000% 11/30/2019 Security Type Sub -Total 2,220,000.00 2,223,510.66 6,002.07 5,901.93 2.78 2.78 0.96 CT ST TXBL GO BONDS 207723ZKI 30,000.00 VINING 100.88 30.262.50 178.20 183.71 3.55 3.55 1.73 �Pi'Sf= Page 9 ®� PFM Asset Management IJAC x x, 1 r Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2015 9v t. ������ � � „`S � �. �m^�,.,.��Y `, �_rLe z,- ..._^.. � ✓.l.r.. "V< Cl, -v.�.n ,JS� a�;'h.WV.cm ... r .. Security Type/ Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt Security Type Sub -Total 30,000.00 30,262.50 178.20 183.71 3.55 3.55 1.73 Federal Agency Collateralized Mortgage Obligation FNMA SERIES 2015 -M7 ASQ2 3136AN1Y4 25,000.00 GOLDMAN 100.75 25,186.53 (63.38) 71.98 2.57 1.44 0.96 Security Type Sub -Total 25,000.00 25,186.53 (63.38) 71.98 2.57 1A4 0.96 FHW wrFa$ 3130A2T97 135,000,00 MORG&1Sr 10002 +;135.03280 - ::335.75 20862 124 :1.24 048:= DTD 08/0]/20140.500 %09/28/2016 FHLMC NOTES 3137EADS5 100,000.00 NOMURA 100.56 100.560.40 256.40 430.55 1.28 1.28 0.44 DTD 08/16/2013 0,875% 10/14/2016 FREDDIE MAC GLOBAL NOTES 3137EADH9 30.000.00.)PMCMASE 10055 .'.30,16461 135.99 144.64 1.98 1.98 ^ - DTO 05/14/20121.000% 06/29/2017 ,. FREDDIE MAC GLOBAL NOTES 3137EADH9 120.000.00 BNP PARS 10055 120,65844 518.0,1 560.54 1.98 1.98 DTD 05/14/2012 1.000% 06/29/2017 FREDDIE MAC GLOBAL NOTES 3137EADLO 175.000.003EFFERIE 100.24 175,41230 .'(1,45495) (437.61) 221 2.21 0.89;: DTD. 08/10/20321000 %09/29/201] FANNIE MAE GLOBAL NOTES 3135GOPOO 150,000.00 SOC GEN 100.05 150,068.70 1.228.20 764.36 2.29 2.29 0.85 DTD 09/24/2012 0.875% 10/26/2017 FANNIE MAE GLOBAL NOTES 3135GOW18 ` 100,000.00 CSFB 9940 :99.401.50 -- 916 SO 292.46 284 ` 2.84 1.09 DTD 04/15/20130875 %95/21/2018 FANNIE MAE GLOBAL NOTES 3135GOW)8 125,000.00 BNP PART 99.40 124,251.88 308.13 (130.17) 2.84 2.84 1.09 DTD 04/15/2013 0.875% 05/21/2018 FANNIE MAE GLOBAL NOTES 3135GOY74. 105,000.00 GOLDMAN '.101.21 106.27061 - ..27311 436.70 3.30 -3.30 ' 1,26 DTD 10/01/2013 1.625 %11/27/2018 Security Type Sub -Total 1,040,000.00 1,041,820.44 2,517.17 2,270.09 2.22 2.22 0.84 Corporate Note 1PMORGAN CHASE &CO GLOBAL NOTES 46623004 125,000.001PMCHASE 100.29 125,360.00 511.25 393.35 0.65 0.65 0.68 DTD 02/26/2013 1.125% 02/26/2016 TOYOTA MOTOR CREDIT CORP 892367AL9 55.000.00 CITIGRP 10007 55.035.86 5841 42.51 0.88 0.88 -.0.73 DTD 05/17/2013 0.800% 05/17/2016 1151' Page 10 PrM Asset Management LL.0 'K ` Managed TTrr�'Account Fair Market Value & Analytics For the Month Ending June 30, 2015 Security Type/ Description Net Call Market Market UnrealG /L UnrealG /L Effective Duration YTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Amon Cost Duration to Worst at Mkt Corporate Note WALT DISNEY CO CORPORATE NOTE 2546BPCS3 110,000.00 BARCLAYS 100.99 110,544.06 937.86 683.21 1.60 1.60 0.82 DTD 02/14/2012 1.125% 02/15/2017 US BANCORP(CALLABLE) 91159HHD5 125.000.00 BARCLAYS 04115/17 101.20 126.506.00 (11164.00) .473.68 2.42 176 1.00 DTD 05 /08/2012 1.650 %05/15/2017 CHEVRON CORP (CALLABLE) GLOBAL 166764MB 75,000.00 BARCLAYS 11/05/17 99.57 74,678.70 (727.05) (517.30) 3.00 2.39 1.28 NOTES DTD 12/05/2012 1.1040A 12/05/2017 CHEVRON CORP (CALLABLE) GLOBAL 16676,IAA8. 100,000.00 MORGANST .11/05/17. 99.57. 99,571.60 (42840) (42840) 3.00. 2.39 1.28 NOTES. DTD 12/05/2012 1.104% 12/05/2017 IBM CORP GLOBAL NOTES 459200HKO 100,000.00 HSBC 99.85 99,845.10 30110 87.32 2.54 2.54 1.31 D'^ 02/08/2013 1.2500A 02/08/2018 T NEW YORH MELLON(CAIWBLE).. 06406H06. 150,00000. GOLDMAN 99A1 149,117.55 (83895) (85877) 3.23 ..'.2.61 1.57 ,/06(20131.350 %03/06/2018 MICROSOFT CORP GLOBAL NOTES 594918AS3 50,000.00 MERRILL 99.43 49,715.25 (253.25) (266.70) 2.78 278 1.20 DTD 05/02/2013 1.000% 05/01/2018 COLGATE- PALMOLIVE CO NOTES 19416OEB2 100,000.00 CITIGRP 99.26 99,26420 (25880) (96246) 279 2 .79 1.16 DTD 05/02/20130.900 %05/01/2018 APPLE INC GLOBAL NOTES 037833N9 55,000.00 GOLDMAN 98.99 54.443.95 (353.10) (439.50) 2.79 279 1.36 DTD 05/03/2013 1.000% 05103/2018 CHEVRON CORE GLOBAL NOTES 166764AE0 80,000.00 BARCLAYS 100.60 80,477.12 47712 477.12 290 2.90 1.51 DTD 06/24/20131.738 %06/24/2018 CISCO SYSTEMS INC GLOBAL NOTES 17275RAR3 50,00000 BONY 100.70 50,347.70 (127.30) (43.04) 3.49 3.49 1.93 DTD 03/03/2014 2.125% 03/01/2019 AMERICAN HONDA FINANCE GLOBAL 02665WAH4.. 100.000.00 MERRILL 100.68 100.678.40 86390 834.99 389 : 3.89 2.08 NOTES DTD 09109/2014 2.250% 08/15/2019 WELLS FARGO &CO 94974BGFI 175,000.00 )EFFERIE 99.05 03,329.45 (2,893.80) (2,798.74) 4.30 4.30 2.37 DTD 02102/2015 2.150% 01/30/2020 Security Type Sub -TOWI 1,450,000.00 1,448,914.94 (3,893.51) (2,822.73) 2.75 2.55 1.39 Certificate of Deposit �IxlX1,`3 Page 11 qff.WPFM Asset Manige3nent LLC C P 15A r =--�� Managed Account Fair Market Value & Analytics For the Month ending June 30, 2825 Security Type/ Description Next Call Market Market Unreal G/L Unreal G/L Effective Duration YTM Dated Date /Coupon /Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost Duration to Worst at Mkt Certificate of Deposit Hi BANK USA NA CD 40428AC54 100,000.00 HSSC ` 30006 '100.062.50 6250 6250 -' 1.13 1.13 043': DTD 02/13/2015 0.880 %08/15/2016 NORDEA SANK FINLAND NY CD 65558LFA5 100.000.00 MERRILL 99.71 99.212.50 (287,50) (282.50) 1.90 1.90 1.25 DTD 05/29/2015 1.150Y, 05/26/2017 Security Type Sub -Total 200,000.00 199,775.00 (225.00) (225.00) 1.51 1.51 0.84 Managed Account Sub-Total 4,965,000.00 4,969,470.07 4,515.55 5,379.98 2.61 2.54 1.06 Money Market Fund CAMP Pool 26,311.23 1.00 26,311 23 0.00 010D 0.00 -0 00 Money Market Sub -Total 26,311.23 26,311.23 0.00 0.00 0.00 0.00 Securities Sub -Total $4,991,311.23 $4,995,781.30 $4,515.55 $5,379.98 2.61 2.54 1. Accrued Interest $13,512.26 Total Investments $5,009,293.56 i Page 12 PI'M Asset M.tllagell-ent LLC �F} Transaction Type Managed Account Security Transactions & Interest I•ITI Principal Accrued For the Month Ending June 30, 2015 Realized G/L Realized G/L Sale 06/01/15 06/25/15 FNMA SERIES 2015 -M7 ASQ2 3136AN)Y4 25,000.00 0.00 32.29 32.29 DTD 04/01/20151.5500k 04101/2018 06/05/15 06/05/15 CHEVRON CORP ( CALIABLE) GLOBAL 166764AA8 75,000.00 0.00 414.00 414.00 NOTES DTD 12/0512012 1.104% 12/05/2017 06105/15 06105/15. CHEVRON CORE (CALLABLE) GLOBAL 166764AA6 100,000 00 0.00 552.00 552.00 NOTES DTD 12/0512012 1.104% 12/05/2017 06124/15 06/24/15 CHEVRON CORP GLOBAL NOTES 1667MAE0 80,000.00 0.00 687.20 687.20 DTD 06/24/2013 1.718% 06/24/2018 06129115 06/29115 FREDDIE MAC GLOBAL NOTES 3137FADH9 30.000.00 0.00 150.00 150.00 DTD 05/14/20121.000 %06129/2017 15 06/29/15 FREDDrE MAC GLOBAL NOTES 3137EADH9 120.000,00 0.00 600.00 600.00 DTD 05/14/20121.000% 06/29/2017 bc,..a /15 06/30/15 ! US TREASURY NOTES 912826RX0 100,00000 0.00 437.50 .437.50. DTD 01/03/20120.875 %12/31/2016 Transaction Type Sub -Total Managed Account Sub -Total Total Security Tmnsactions 530,000.00 0.00 2,872.99 2,872.99 0.00 2,872.99 $0.00 $2,872.99 2,822.99 $2,872.99 Page 13 �= PFM Asset Managen- ent LLC 4111 - DARN I I , Account Statement For the Month Ending June 30, 2015 z Trade Settlement Share or Dollar Amount Total Date Date Transaction Description Unit Price of Transaction Shares Owned Opening Balance 22,043.99 06/01/15 06/01115 .'.Purchase Intlividual Portfolio Interest 1.00 593.75 22,637.74 06/01/15 06/01/15 Purchase - Intlividual Portfolio Interest 1.00 750.00 23,387.74 06/01115 :.06/01/15 _ :.Purchase- Individual Portfolio. Interest 1.00 -46875 23,856.49 06/05/15 06/05/15 Purchase - Individual Portfolio Interest 1.00 552.00 24,408.49 06/05/15 06/05/15 Purchase Individual Portfolio Interest 1.00 j414.00 24,822.49. 06/24/15 06/24/15 Purchase - Individual Portfolio Interest 1.00 687.20 25,509.69 .06/24/15 06/24/15 IP Pees May 2015 1 00 .1(392.05)25,117.69 06/24/15 06/24115 U.S. Bank Fees April 2015 1.00 (27.99) 25,r 06125/15 '.06/25/15 Purchase - Individual Portfolio Interest 1.00..: 32.29 251.. 06/29/15 06/29/15 Purchase - Intlividual Portfolio Interest 1.00 150.00 25,271.94 06129/15 06129115 Purchase - Individual Portfolio Interest 1.001 2600.00 25,871:94, 06/30115 - 06/30/15 — Purchase - Individual Portfolio Interest - -- - 1.00 437.50 26,309.44 06/30/15 07/01115 Accrual income Div. Reinvestment - Distributions 500 1.79 26311.23 I, { Page 14 13FM Asset Management LLC Account Statement For the Month Ending June 30, 2015 CITY QF 1AKE EISINORE,= LAKE EL NORE , `N0 , StNG FUNDS Trade Settlement Share or Dollar Amount Total Date Date Transaction Description Unit Price of Transaction Shares Owned Closing Balance 26,311.23 Month of Fiscal YTD June January-June Opening Balance 22,043.99 34,157.82 Closing Balance 26,311.23 Purchases 4,687.28 11457,816.29 Average Monthly Balance 24,827.13 Redemptions (Excl. Checks) (420.04) (1,465,662.88) Monthly Distribution Yield 0.09 Check Disbursements 0.00 0.00 Closing Balance 26,311.23 26,311.23 Cash Dividends and Income 1.79 9.12 �, Page 15 PFM Asset Management LLC CITY OF LADE LJLSINOIZE DREAM GJ(T Rf:MI!� Review of Investment Portfolio CAMP Accounts Second Quarter 2015 City of 1 is E Review of Inve -m"C7� 1 1 Second' 'AU-1 U It t r.� y 1p Cl k ar- "lltt /� IIiS�'� a I X41v LY ^ X `nJF �MUMN vm it 1 Summary • Throughout the quarter, improving U.S. economic conditions contrasted with global economic uncertainty, particularly the deteriorating negotiations between Greece and its international creditors, which came to a vital impasse at the end of the quarter • Market participants continued to weigh the impact that adverse global economic conditions would have on the interest rate setting policies of the Federal Open Market Committee (FOMC). Economic Snapshot • For the first quarter of 2015, gross domestic product (GDP) declined by 0.2 %. While estimates initially reflected a larger decline, increases in consumer spending and inventories contributed to the upward revision. • The U.S. labor market continued to improve, as the unemployment rate fell from 5.5% in March to 5.3% in June. While robust headline job creation continued, some of the underlying metrics related to employment — particularly wage growth —were weak. • The housing market strengthened, as reflected by improvements in the pace of pending home sales, building permits, new -home sales, and housing starts. • Greek - related tensions grew as the troubled nation missed a payment of 1.6 billion sums to the International Monetary Fund (IMF), and Greek voters overwhelmingly rejected austerity measures demanded by creditors as a condition for further financial assistance. These actions leave open the possibility that Greece would abandon the euro and even leave the eurozone. Interest Rates The FOMC kept the federal funds target rate unchanged for the quarter. While the FOMC's statement left open the possibility of an interest rate increase in the latter half of 2015, this policy decision will depend on labor market conditions and inflation expectations. • The timing for a potential interest rate hike became more uncertain at the end of the quarter due to the potential for the Greek debt crisis to affect the overall global economy. • Treasury yields reacted differently across the curve. Yields for short maturities rose only modestly (two- and three -year Treasuries ended the quarter up 0.09% and 0.12 %, respectively) while yields for intermediate and longer maturities had sizeable increases (five- and 10 -year Treasuries ended the quarter higher by 0.28% and 0.43%, respectively). Sector Performance • Benchmark Treasury indices for shorter - maturity securities ended the quarter slightly positive, as more than sufficient income was generated to overcome the limited decrease in market value that resulted from the rise in yields. Longer maturities did not perform as well because they had significantly larger rate increases. • Yield spreads for Federal Agency securities fluctuated within their historically low ranges for the quarter; as a result, the sector's performance was relatively flat when compared to Treasuries. • .Corporate securities underperformed government issues as yield spreads widened throughout the quarter; bonds with higher credit quality underperformed the most. • Within the mortgage- backed securities (MBS) sector, structure and coupon were the major determinants of performance for the quarter. Higher- coupon structures were the strongest performers on both an absolute return and relative return basis (compared to similar - duration Treasuries). • Asset- backed securities (ABS) were among the stronger - performing sectors, as their superior income and limited sensitivity to changes in interest rates fared well in what was a volatile market environment. 0 2015 PPM Asset set Management : Mang -mom ; uxevusa�ww .�,a- a- s:,- ,ass:;�anr.:u us as ement LLC Section A -i Economic Snapshot 1. Data as of Fourth Quaver 2014 2. Data as of First Quarter 2014 Note: YoY = year over year QoQ = quarter over quarter, SAAR = seasonally adjusted annual role, WTI = West Texas asesmediale crude al Source: Bloomberg 0 2015 PFM Asset Management LLC Section A -2 Interest Rate Overview U.S. Treasury Yields U.S. Treasury Yield Curve 4% 7 Change ....._. —._ maturity 6130/15 3/31115 over r Quarter 4% 3-month 0.01% 0.02% (G G n) 0.02% (0,01%) a z% r rC` �0 �'� OF 3�9 i,�N?la �1 r 1°�rt, r 2-year 065/ 056/ 009/ 046/ 019/ year; tS ^!q `Irg#'Rfll�rt� a ,,, ... v 10 -year 2.35% 1.92% 0.43% 2.53% (0.16 "q 30•Y?ar 312°10 `254%a ` fl5� °la Y °1o::. D t36 y:. i U.S. Treasury Yield Curve 4% Yield Curves as of 6130115 50/, —.._ ....._. —._ w .. _. 4% �eww, a z% r s% -.... ,d.. -�„ ,� ....... ... a ,,, ... v ...,.,.... o% o 1% Maturity June 30, 2015 March 31, 2015 -- -• June 30, 2014 Yield Curves as of 6130115 Source Bloomberg 02015.,FMA Asset Management LL .w� .mz?,w.rnaa..= xiss;'. _ _ c.az-vz> r- v.a�n.�.xcv� �s »:e�h�xu:~su. -= s�.wnxwvax +,•,w,rre,»x.:urtr: ,emu Section 3015 PiM Asset Mdndgemenl LLC SCCIICII A -3 50/, —.._ ....._. —._ _._ _._.. 4% ... s% -.... ,d.. -�„ ,� ....... ... a ,,, ... v ...,.,.... 1% 1 F Maturity - Treasury - - -- Federal Agency � «= Industrial Corporates, A Rated -U.S. Source Bloomberg 02015.,FMA Asset Management LL .w� .mz?,w.rnaa..= xiss;'. _ _ c.az-vz> r- v.a�n.�.xcv� �s »:e�h�xu:~su. -= s�.wnxwvax +,•,w,rre,»x.:urtr: ,emu Section 3015 PiM Asset Mdndgemenl LLC SCCIICII A -3 BofA Merrill Lynch Index Returns As of 613012015 Returns for Periods ended 6130/2015 Returns for periods greater than one year are annualized Source.' SoM Merrill Lynch Indices us%R sxu wc- �wia.. mr�. asvaa�wrze�. �xr; csn... .v�..sw�::.�:ce�;m,..ce�amzrcw�.� .-. s; ems: �. aera�avr��we,^, nx- m.��eaen:.azvunw:aemvasee�ea�: 2015 PFM Asset Management LLC Section Ad Duration Yield 3 Month 1 Year 3 Years 1�3 Year Indices I U.S. Treasury 1.87 0.63% 0.15% 0.88% 0.66 FaderalA4enpy 174 0761n.,`, Q$ °1a 049 %° 073 %_ ti :. \ z; y U.S. Corporates, A -AAA rated 2.05 1.45% 0.08% 1.02% 1.76% to 3 "; 153°fe '\ 171 L.. 0 6`ZP /° \Apency M4S i0 years) X1,.93 ? ,11fi1,v).; st� . Municipals 1.79 0.86% 0.01% 0.40% 0.80% 1-6 Year Indices t U.S. Treasury 2.70 0.93% 0.02% 1.38% 0.83% , c "9° r ', r'r v, yrfi i1D3s7°i '� '1� f1a n .r ii�4 °le 2 NN U.S. Corporates, A -AAA rated 2.81 1.80% (0.13 %) 1.45% 2.36 AgncyiVIBS�Oto3years)<3A gg i' `20?% y r §1 «\ fi8°Y 14SBfr i \; ` Municipals 2.54 1.13% (0.01'7¢) 0.62% 1.13% Master Indices (Maturities 1 Year or Greater) U.S. Treasury 6.04 1.56% (1.84 %) 2.59% 0.94% Felieral Agency, 371 1q1 "Z° {flfi6 ^J) <111% 128 % - {. U.S. Corporates, A -AAA rated 6.68 2.89% (2.59 %) 1.75% 3.04% :v ° AgeO M138 �0 Yo 30 years> A 9� la E��1A� )a87Ia , .. Municipals 6.93 2.63% (0.97 %) 3.10% 3.21% Returns for periods greater than one year are annualized Source.' SoM Merrill Lynch Indices us%R sxu wc- �wia.. mr�. asvaa�wrze�. �xr; csn... .v�..sw�::.�:ce�;m,..ce�amzrcw�.� .-. s; ems: �. aera�avr��we,^, nx- m.��eaen:.azvunw:aemvasee�ea�: 2015 PFM Asset Management LLC Section Ad Disclosures The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC ( PFMAM) at the time of distribution and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public, however, PFMAM cannot guarantee its accuracy, completeness, or suitability. This material is for general information purposes only and is not intended to provide specific advice or recommendation. The information contained in this report is not an offer to purchase or sell any securities. PFMAM is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. PFMAM's clients are state and local governments, non - profit corporations, pension funds, and similar institutional investors. wwwpfm. corn 0 2015 PFM Asset Management LLC. Further distribution is not permitted without prior written consent �PFIM PFM Asset Management LLC © 2015 PFM Asset Manag ement LLC Section A -5 Portfolio Summary Aaarenate Portfolio Aggregate Market Value Aggregate Amortized Cost June 30 2015 $39,705,239.30 $39,570,079.52 March 31. 2015 $39,718,471.57 $39,484,422.29 The portfolio complies with the California Government Code and the City's investment policy. Treasury yields fluctuated throughout the quarter, moving higher on strong economic news in the U.S., and lower when the Federal Open Market Committee (FOMC) indicated that they are not yet ready to raise rates and when investors sought the safety of high - quality government bonds as uncertain financial conditions in Greece continued to worsen. Overall, the trend was toward higher rates with the greatest increase on longer -term yields. PFMAM kept portfolio durations near benchmark durations during the quarter because of uncertainty regarding the short-term direction of interest rates. In selecting individual securities, we focused on maturities where the yield curve was steepest and therefore offered both high current yields and strong potential for "roll down" benefit (the natural tendency for securities to appreciate as they age). In the corporate sector, yield spreads over Treasuries widened in response to renewed global economic growth concerns; however, continued strong demand for high - quality corporate securities limited the amount by which spreads widened. PFMAM continued to view corporate securities favorably because of their superior income potential. We actively participated in new offerings and also conducted broad searches of the secondary market for attractively priced securities. We found the greatest value in corporate bonds with maturities longer than 18 months, so we sought opportunities to sell shorter -term holdings in favor of corporate securities with longer maturities, in some instances with the same issuer. Where permitted, we also continued to supplement our corporate sector allocation with high - quality negotiable bank certificates of deposit. We also looked to add mortgage- backed securities to enhance income. Our focus in these areas remained concentrated on those security structures that limit sensitivity to interest rate fluctuations. © 2015 PFM Asset Management LLC Section B -1 -s- e • We expect U.S. economic conditions to rebound from the first quarter 2015 contraction. Rising consumer confidence, growth in personal spending, and a stronger housing sector should contribute to improved economic conditions. Improving employment statistics in the U.S. suggest that an increase in the Federal Funds rate may be appropriate soon. However, stubbornly low inflation remains a concern for the Federal Reserve policy makers. Market participants still expect the FOMC to initiate at least one rate hike in 2015, but the pace of subsequent increases is likely to be gradual. "r Recovering U.S. economic conditions, heightened geopolitical uncertainty, and expectations that the FOMC will tighten monetary policy slowly should keep rates in their current ranges in the coming months, with a modest bias towards slightly higher levels. Based on this expectation, we will maintain portfolio durations near the durations of their respective benchmarks. Our strategy will be to focus on identifying relative value from among the full range of investment options. We will pay careful attention to sector allocation, yield curve placement, credit market dynamics, and individual security selection. These factors wi likely be key drivers of performance in an uncertain rate environment. Y Federal Agency securities with maturities less than three years continue to offer little incremental yield over comparable maturity Treasury securities. For this reason, we may hold or add to Treasury holdings in this maturity range. We will monitor the spread relationship and shift assets into Federal Agencies if the yield difference widens sufficiently. ➢ Corporate securities remain our preferred vehicle for generating incremental income in a market environment constrained by low yields and narrow trading ranges. We will add to our corporate and negotiable bank CD allocation, where feasible. 'r We may also look to add mortgage- backed and asset - backed securities to increase portfolio income. In these areas, specific issue analysis will remain important to limit the amount of interest rate sensitivity in the portfolio. 'r Yields on money market securities have stabilized at slightly higher levels in recent months in response to uncertain expectations about the timing of FOMC rate hikes. Longer- maturity commercial paper and CDs remain particularly attractive for short-term investment needs, especially when compared to government securities. f vrzi.,.:. �x-'-"':+ E. �c. a. d ?4'".'.�.''.,�L- :'z.,"..`MC,,:_ i.. .:.. _,:..\ < ,L.'.�'.Y E,.:.,.: ' S4,,,, r.��' { " u: e, �:'. li. vc.. �`,"✓",. 5..- s" �. r„ 1��> �.. nY. x1a`«^_ �saex?. s+ y' ..EaS:,`,3a�+„..,,..�+n..4.:��t ti::. f "'.. k_c-�g i2 @2015 PFM Asset Management LLC Section B -2 Portfolio Composition and Credit Quality Characteristics — City Portfolio U.S. Treasuries 37% CAI R___.._ Feature 0.3% Federal Agencies of Deposit 9% Agency CMO 0.5% Municipal % Term Corporate Notes 30% Market Value As %Permitted In Security Type %of Portfolio of 06 /30 /15 by Policy Compliance Duration (06130116) '2 59'.. Average CredR Quality AA +j ■City -June 30, 2015 aCity - March 31, 2015 Ratings Standard and Pears. Percentages may not add up to 100% due to rounding. ,. .,. <,. >:t:. © 2015 PFM Asset Management LLC Section B -3 Portfolio Composition and Credit Quality Characteristics — Successor Agency Portfolio U.S. Treasune 44% CA F..,....... Portfolio 1% Federal ;!as 40 % ......._ ....... 30% - 20% -I i i 10% ql 1% ct% 0% i ® -- Under 6 Months Agency CMO 1% Certificates of Deposit 4% Municipal 0,6% .term Corporate Notes 27% 4% 7% Duration (06/30115) i2 65 Average Credit Quality AA +I 24% 6- Months to 1 -Year 1- to 2 -Years ■ Successor Agency - June 30, 2015 Ratings Standard and Poo /s. Percentages may not add up to 100% due to rounding. © 2015 PFM Asset Management LLC Section 8 -4 Portfolio Composition and Credit Quality Characteristics — Housing Fund Portfolio U.S. Treasuries 45% CA I � � .I Portfolio 1% Federal Agencies 21% Agency CMO 1% Certificates of Deposit 4% Municipal 1% Medium -Term Corporate Notes 29% Security Type Market Value As °e of Portfolio %Permitted In :TOTAL $6100$,294 100% Duration (06130115) f 2.61 Average Credit Quality ;AA+ 0% MMUS1111M Under 6 Months 6- Months to 1 -Year 1- to 2 -Years Ratings Standard and Roars. ■ Housing Fund - June 30, 2015 Percentages may not add up to 100% due to rounding. Corporate allocation was 30% at the time of the last corporate bond purchase. 02015 PFM Asset Management LLC 12% 2- to 3 -Years 3- to 4 -Years 4- to 5 -Years to Housing Fund - March 31, 2015 Section B -5 Portfolio Performance 1. Performance on trade dale basis, gross (i, e., before fees), in arrited nce vailh the CFA Institute's Global Investment Performance Standards (GIPS). 2. Merrill Lynch Indices provided by Bloomberg Financial Markets. 3. Gvamnly returns are presented on an unannualized basis. Performance numbers for periods greater than one year are presented on an annualized basis. 4. The City portfolio's inception dale is September 2010. 5. The Successor Agency portfolio's inception date is March 2011. G The Housing Fund portfolios inception date is June 2012. � 4.ix..s P�'i".eS'.5.•4'P.,.i�':n^;.� �v4G:...r /4 Rc.'v xrrC.s..x =. HCiV:W .m2.. 1"+.ri{....� n.- ..i .. v.. . ?- .y., $i'an i.�GU.:..J 4XS.�Sn n� {:..'v. Y�.imSri:'.v DS.Y`..�'M YY.k.1au © 2015 PFM Asset Management LLC Section B -6 C .� r �"� -� Managed Account Detail of Securities Held Forme Month Ending June 30, 2015 Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value U.S. Treasury Bond / Note US TREASURY NOTES 912828RX0 188,000.00 M+ Aaa 01/23/12 ',01/26112.. 187,662.18 0.91 4.47 187,895.84 189.101.49 CM 01/03/2012 0.8750A 12/31/2016 US TREASURY NOTES 912828510 100.00000 M+ Aaa 03/13112 03/15/12 99,691.41 0.94 292.46 99,894]9 100,539.10 DTD 02/29/2012 0.875% 02/28/2017 US TREASURY NOTES 9128285M3 225.000.00 M+ Aaa 02/27114 03/03/14 226,828.13 073, 565.57 326.044.00 226,722.60 DTD 03/31/20121.000 %03/31/2017 US TREASURY NOTES 9128285M3 250,000.00 M+ Aaa 03/19/14 03/21/14 250,576.17 0.92 628.42 250,334.78 251,914.00 DTD 03/31/2012 1.000% 03131/2017 US TREASURY NOTES 912828UA6 125,000.00 M+ Aaa 05/06114 4:05/09114 122,597.66. 1.18 66.17 123,359.61 124,462.88 DTD 11/30/2012 0.6259h 11/30/2017 ASURY NOTES 912828VOO 100.000.00 M+ Aaa 02/02/15 02104/15 101,554.69 0.92 573.55 101376.25 101.000.00 /31/2013 1.375% 07/31/2018 US TREASURY NOTES 912828A34 20,000.00 M+ Me 07 /01/14 - 07107/14 '.19,790.63. 1.50 21.17 _ 19.835.33. 20,050.00 DTD 12/02/2013 1.250% 11130/2018 US TREASURY NOTES 912828A34 75,000.00 M+ Aaa 06/02/14 06/03114 74,475.59 1.41 79.41 74,598.32 75,187.50 DTD 12/02/2013 1.250% 11/3012018 US TREASURY NOTES 91282BB33 175,000.00 M+ Aaa 07129/14 07/31/14 <174, 18652 3.61' '4;094.96 "174,347.64 176,599.68 DTD 01/31/20141.500 %01/31/2019 US TREASURY NOTES 91282BC65 25,000.00 M+ Aaa 09102/14 09/04/14 25,027.34 1.60 102.12 25,022.65 25.298.83 DTD 03/3112014 1625% 03/31/2019 US TREASURY NOTES 912828065 100.000.00 M+ Aaa 10/02/14 .'10/06/14 1100,156.25. 1.59 .408.47 100.131.46 101,195.30 )TD 03/31/20141.625 %03/31/2019 US TREASURY NOTES 912828KO2 100,000.00 M+ Aaa 10/30/14 11/03/14 107,085.94 1.50 399.12 106,083.06 106710.90 DTD 05/15/2009 3.125% 05/15/2019 US TREASURY NOTES 912828MI 150,000.00 M+ -Aaa 04/28/15 04/30115 148,048,83 .1.30 377.05 148,121.84 147,199.20 DTD 10/01/20121.000 %09/30/2019 US TREASURY NOTES 912828TR1 225.000.00 M+ Aaa 02/26/15 02127/15 220,807.62 1.42 565.57 221,109.34 220.798.80 DTD 10/01/2012 1.0000k 09/30/2019 M PI M Asset N4anagement l..d.,C cz� ap �'�` Managed Account Detail of Securities Held For the Month ending June ao, zo3s Security Type /Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value DTD 09/3012014 1.750 %09/30/2019 US TREASURY NOTES 912628UB4 200.000.00 AA+ Aaa 05/28/15 05/29/15 196.140.63 1.44 169.40 196,215.71 195,625,00 DTD 11/30/2012 1.0000k 11/30/2019 Security Type Sub -Total 2,283,000.00 2,283,118.85 1.22 61337.66 2,282,663.70 2,290,112.26 DTD 03/2 512 015 1.974 %0 Security Type Sub -Total 30,000.00 30,084.30 1.90 157.92 30,078.79 300262.50 FNMA SEmES 2015-M7 ASQ2 3136ANJY4 25,000.00 AA+ Aaa 04/15/15 04/30/15 25,249.91 0.83 32.29 DTD 04/01/2015 1.550 %04/01/2018 Security Type Sub -Total 25,000.00 250249.91 0.83 32.29 25,114.55 25,186.53 A =rr -:a PFM Asset Management LLC - - - -_., - -.- .... .. ...... ........ ..........1 .. �........ ...... .1 1.,. .,.,,......,., .1.,.+..,..1.11.. DTD 08/07/20140500 %09/28/2016 RUMC NOTES 3137EADS5 100,000.00 AA+ Aaa 10/01/13 10/03113 100.304.00 0.77 187.15 100.129.85 100,560.40 DTD 08/16/2013 0.875% 10/14/2016 FANNIE MAE GLOBAL NOTES 3135GOM23 300,000.00 AA+ Aaa 09/06/12 09/10/12 100,248.00 0.82. 294.30 100,109.12 .. 1004237.10.. DTD 07/20/2012 0,875 %08/28/2017 FANNIE MAE GLOBAL NOTES 3135GOPOO 225,000.00 AA ry Aaa 11/27/13 12103/13 223,260.75 1.08 355.47 223,956.51 225,103.05 DTD 09/24/2012 0.875% 1012612017 FANNIE MAE GLOBAL NOTES 3135GOW38 >. 75,020.00 AAi Aaa. 05/24/13 "05/31/13. '73,86375 119 72.92 :74,33178 - X74,551.13 OTD 04/15/20130.875 %05/21/2018 FANNIE MAE GLOBAL NOTES 3135GOW38 150,000.00 AA+ Aaa 05/22/13 05/24113 148,732.50 1.05 145.83 149,258.46 149,102.25 DTD 04/15/2013 0.875% 05/21/2018 A =rr -:a PFM Asset Management LLC Managed Account Detail of Securities Held For the Month Ending June 30, 2015 Security Type/ Description 46623OU4 175,000.00 S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP 1.062.50 Par Rating Rating Date Date Cost at Cost Interest Cost Value Federal Agency Bond / Note 05/17/13 54.927.45 0.81 DTD 05 /17/20130.800 %05/17/2016 FANNIE MAE GLOBAL NOTES 3135GOYT4 105.000.00 250,000.00 AA+ Aaa 10/22/14 10123114 105,997.50 1.39 161.15 105,833.91 106,270.61 DTD 10/01/2013 1.625% 11/27/2018 US BANCORP (CALLABLE) 91159HHD5 250,000.00 A+ FANNIE MAE GLOBAL NOTES 3135GOY74 125.000.00 255,340.00 AA+ ma 06/16114 06/19114 125,00175 1.62 191,84 125,003.24 126,512.63 DTD 10/01/2013 1.625% 11/27/2018 3M COMPANY GLOBAL NOTES 88579YAEI 125,000.00 AA- As 06/21/12 06/26/12 124,423.75 1.10 DTD 06/26/2012 106/26/2017 FREDDIE MAC NOTES 3137EADGI 150,000.00 AA +. Aaa 12/01/14 12/03/14 151,704.00 1.49 226.04 151.491.09 151,632.30 DTD 09/16/2012 1,750% 05/30/2019 Aa3 02/05/13 02/08/13 99.54200 1.35 DTD 02/08/20131.250 %02/08/2018 Security Type Sub -Total 1,165,000.00 1,163,810.50 1.12 "ORGAN CHASE & CO GLOBAL NOTES 46623OU4 175,000.00 A A3 02/21/13 02/26113 174.788.25 1.17 126/2013 1.125% 02/26/2016 54,993.35 55,035.86 1.062.50 249,683.75 251,236.50 A MOTOR CREDIT CORD 89236TAL9 55,000.00 M. Aa3 05/14/13 05/17/13 54.927.45 0.81 DTD 05 /17/20130.800 %05/17/2016 WALT DISNEY CO CORPORATE NOTE 25468PC53 250,000.00 A A2 06111/12 06114/12 249,105,00 1.20 DTD 02/14/2012 1.125% 02/15/2017 US BANCORP (CALLABLE) 91159HHD5 250,000.00 A+ Al 07/25/12 .07/30/12 255,340.00 1.19. DTD 05/08/20121.650 %05/15/2012 3M COMPANY GLOBAL NOTES 88579YAEI 125,000.00 AA- As 06/21/12 06/26/12 124,423.75 1.10 DTD 06/26/2012 106/26/2017 IBM CORP GLOBAL NOTES 459200HKO 100,000.00 AA- Aa3 02/05/13 02/08/13 99.54200 1.35 DTD 02/08/20131.250 %02/08/2018 BANK OF NEW YORK MELLON(CALLABLE) 06406HC16 125,000.00 A+ Al 03/04113 03/06113 124,96375 1.36 DTD 03/06/2013 1.350ek 03/06/2018 MICROSOFT CORD GLOBAL NOTES 594918A53 50,000.00 AAA Asa 04/25/13 05/02/13 49,968.50 1.01 DTO 05/02/2013 1.000% 05/01/2018 APPLE INC GLOBAL NOTES 037833A19 55.000.00 AA+ Aal 04/30113 05/03/13 54,797.05 1.08 DTD 05/03/2013 1.000% 05/03/2018 =yeas' l" MM Asset Mamaemenc i.t.f; 1,808.88 1,164,937.34 1,169,001.47 683.59 124,953.32 175.504.00 53.78 54,993.35 55,035.86 1.062.50 249,683.75 251,236.50 527.08 25000000 .253,012.00 17.36 124, 767.33 125,159.13 496.53 99,257.78 99,845.10 539.06 124,96017 124,264.63 83.33 49,981.95 49,715.25 88.61 54,883.45 54,443.95 J._s Managed Account Detail of Securities Held For the Month Ending Tune so, zols Security Type /Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value DTD 06/24/20131.718% 06/2412018 CISCO SYSTEMS INC GLOBAL NOTES 17225MU 50,000.00 AA- Al 08/29/14 09/04/14 50,47500 1.90 354.17 50,390.74 50,347.70 DTD 03/03/2014 2.125% 03/01/2019 AMERICAN HONDA FINANCE GLOBAL NOTES 02665WAH4 100,000.00 A +. -AI 09/04114 09/09/14 99.815.00 2.29. - 850.00 99,843.41 100.678.40 DTD 09/09/2014 2 250 %08/15/2019 Security Type Sub -Total 1,415,000.00 1,418,195.75 1.31 4,782.73 1,414,235.35 1,419,719.64 Certificate of Deposit HSBC BANK USA NA CD 10428AC54 100.000.00 A -1+ P -1 02111/15 02/13115 100.000.00 0.88 337.33 100,000.00 100.062.50 DTD 02113/2015 0.880% 08/15/2016 NORDEA BANK FINLAND. NY CO 65558LFA5 100,000.00 AA AzG3 .05/27115 .05/29/15 100,00000 115 '.:105.42 100A00.00 99.: DTD 05 /29120151.150 %05/26/2017 - - Security Type Sub -Total 200,000.00 200,000.00 1.02 442.75 200,000.00 199,775.00 Managed Account Sub -Total 5,118,000.00 51120,459.31 1.22 13,562.23 .5,117,029.73 5,134,057.40 Money Market Fund CAMP Pool 60,200.78 Wm NR 60,200.78 0100 60.200.78 60,200.78 Money Market Sub -Total 60,200.78 60,200.78 0.00 60,200.78 60,200.78 Securities Sub -Total $5,178,200.78 $5,180,660.09 1.22% $13,562.23 $5,177,230.51 $5,194,258.18 AcCrued Interest $13,562.23 Total Investments $5,207,820.41 =0051 1%L PFM Asset Management LLC Managed Account Detail of Securities Held For the Month Ending June 30, 2015 CiTY,gE LAKE I LSiNQR,E LAKE ELSINQRE ,HOUSING FUNp5 , Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value U.S. Treasury Bond / Note US TREASURY NOTES 912828UO 100,000.00 AA+ Aaa 01/23/12 01/26/12 99.820.31 0.91 2.38 99,994.59 100,585.90 DTD 01/03/2012 0+875% 12/31/2016 US TREASURY NOTES 912828SM3 275.000.00 AA+ Aaa 02 /27/14 03/03/14 277.234.38 0.73 691.26 276,275.99 277,105.40 DTD 03/31/2012 1.000% 03/31/2017 US TREASURY NOTES <. 9128285M3 300,000,00 AA+ Aaa.. 03/19/14 03/21/14 300.691.41 0.92 759.10 300.90174 - ..302.296.80 DTD 03/31/20121.000 %03/31/2017 US TREASURY NOTES 912828550 250,000.00 AA+ Aaa 02/04/15 02/05/15 251,376,95 0.63 368,55 251,131.52 251,269.50 DTD 04/30/2012 0.8750A 04/30/2017 US TREASURY NOTES 912828x59 100,000.00. PA+ Aaa 10/26/12 10/31112 99,917.97 0.75 157.10 9973113 99,203.10 DTD 10/01/2012 0.625% 09/30/2017 'ASURY NOTES 912828UA6 150,000.00 AA+ Aaa 05/06/14 05/09/14 147,117.19 1.18 79.41 148,031.54 149,355.45 /30/2012 0.625% 11/30/2017 US TREASURY NOTES 912828VO0 100,000.00 AA+ Aaa 02102/15 02/04/15 101,554.69 .0.92 573.55 101,37625 :- 101,000.00 DTD 07 /3112013 1,3750k 07131/2018 US TREASURY NOTES 912828A34 95,000.00 AA+ Aaa 06/02/14 06103/14 94.335.74 1.41 100.58 9949120 95,237.50 DTD 12/02/2013 1.2500k 11/30/2018 US TREASURY NOTES 91282BB33 - 175,000.00 AA +. Aaa 07/29/14 07/31/14 174,166.52 1.61. 1,094.96 174,347.64 176.599.68 DTD 01/31/20141.500 %01/31/2019 US TREASURY NOTES 912828065 25,000.00 AA+ Aaa 09/02/14 09/04/14 25,027.34 1,60 102.12 25,022,65 25,298.83 DTD 03/31/2014 1.625% 03/31/2019 US TREASURY NOTES 912828TRI .75.000.00 AA+ Aaa 04/28115 04/30115 74.024.41 130 188.52 74,060.91 73,599.60 DTD 10/01/2012 1.000 %09/30/2019 US TREASURY NOTES 912828TRI 175,000.00 AA+ Aaa 02/26/15 02/27/15 171,739.26 1.42 439.89 171,973.93 171,732.40 DTD 10/01/20121.000 %09/30/2019 US TREASURY NOTES 912828F39. 250.000.00 AA+ Aaa 03/26/15 03/27/15 253,876.95 1.39 11099.73 253,65786 253,007.75.. DTD 09/30/2014 1750% 09/3012019 US TREASURY NOTES 91282BUB4 150,000.00 AA+ Aaa 05/28/15 05/29/15 147,105.47 1.44 127.05 147,161.78 146,718.75 DTD 11/30/2012 1.000% 11/30/2019 -� PFM Asset Management LLC c 0 a1, '� 1 r } -, Managed Account Detail of Securities Held For the Month Ending June 30, 2025 Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Security Type Sub-TOtdl 21220,000.00 2,2171508.59 1.10 5,779.20 2,217,608.23 2,223,510.66 u ai innLovuvrvo� [D/72J[Kt 30,00000 AA Pa3'.C.. 03/16/15 - .103/25115 l'. 30,08930 1.90'' 157.92 30.07879 DTD 03/25/20151.974 %03/15/2019 Security Type Sub -Total 30,000.00 30,084.30 1.90 152.92 30,078.79 30,262.50 Federal Agency Collateralized Mortgage Obligation FNMA StlnE 2015 -M7 ASO2 3136AN3Y4 25,000.00 AA+ Aaa 04/15115 04/30/15 25,249.91 0.83 32.29 25,114.55 25,186.53 DTD 04/01/2015 1.550% 04/0112038 Security Type Sub -Total 25,000.00 25,249.91 0.83 32.29 25,114.55 25,186.53 FHLB NOTES 3130A2T97 335,00000 AA+ Aaa 08/06114 '08/07/14 134.69625 061 -. 174.38 134,82338 - 135.0. DTD 08/07/20140.500 %09/28/2016 Al NOTES 3137EAD55 100,000.00 AA+ Me 10/01113 10/03/13 100,304.00 0.77 187.15 100,129.85 100,560.40 DTD 08/16/2D33 0.875% 10/14/2016 FREDDIE MAC GLOBAL NOTES - 3137EADH9 30,00000: AA+ Aaa -- OB 111119 .08113/14 30;02862 097 - - -1.67. 30;019.97 ::30,16961 DTD 05114/20121.000% 06/2912017 FREDDIE MAC GLOBAL NOTES 3137EADH9 120,000.00 AA+ Aaa 08/11114 08/13/14 120,140.40 0.96 6.67 120,097.90 120,658.44 DTD 05/14/2012 1.000% 06/29/2017 FREDDIE MAC GLOBAL NOTES 3137EADLO 175000.00: AA+ Ada ',r 10/04112 ' 10105/12 - 176,867.25 0 .78. 447.22 175,84991 `r 175,412.30r DTD 08/10/20121.000 %09129/2017 FANNIE MAE GLOBAL NOTES 3135GOPOO 150,000.50 A4+ AAA 11/27/13 12/03/13 148,840.50 1.08 236.98 149,304.34 150,068.70 DID 09/24/2012 0.875% 10126/2017 FANNIE MAE GLOBAL NOTES 3135GOW38 100,000.00 AA+ Ass: -05124/13. ,05131/13 98,48500. 1119- 97.22 99,109,04 99,401.50' DTD: 04/15/20130.875 %05/21/2018 FANNIE MAE GLOBAL NOTES 3135GOW38 125,000.00 AA+ Aaa 05122/13 05/24/13 123,943.75 1.05 121.53 124,382.05 124.251.88 DTD 04/15/2013 0.875 04 05/21/2018 PPM Asset Management LLC FANNIE MAE GLOBAL NOTES 3135GOYT4 105,000.00 AA+ Aaa 10/22/14 10/23/14 105,997.50 1.39 161.15 105.833.91 106,270.61 DID 10/01/2013 1.625% 11/27/2018 3PMORGAN CHASE &CO GLOBAL NOTES 46623E1U4 Security Type Sub -Total 1,040,000.00 1,039,303.27 0.96 1,433.97 1,039,550.35 1,041,820.4 Corporate Note 3PMORGAN CHASE &CO GLOBAL NOTES 46623E1U4 125,000,00 A A3 02/21/13 02/26/13 124,848.75 1.17 488.28 124.966.65 125,360.00 DTD 02/26/2013 1.125% 02/26/2016 TOYOTA MOTOR CREDIT CORP 89236TAL9 55,000.00 AA- Aa3 05/14/13 05/17/13 54,977.45 '0.81 ..53 .78 54199335 55,035.86 DTD 05/17/20130.800 %05/17/2016 WALT DISNEY CO CORPORATE NOTE 25468PC53 110,000.00 A A2 06111112 06/14/12 109,606.20 1.20 467.50 109.860.85 110.544.06 1114/2012 1.125% 02/15/2017 4CORP.(CALLABLE) 91159HHD5 125,000.00 A+ Al 07/25/12 07/30112 127,67000 'LIS 263.54 126,03232 126.506.00 1 DTD 05/08/20121.650 %05/15/2017 CHEVRON CORP(CAU -4BLE) GLOBAL NOTES 166764AAB 75.000.00 AA Aa1 11129/12 12/05/12 75,405.75 0.99 59.80 75,196.00 74,678.70 DTD 12/05/2012 1.1040A 12/0512017 CHEVRON CORP (CALLABLE) GLOBAL NOTES 166764AA8 100,000.00. AA Aal 11/28112 -12/05/12. 10000000 110 79.73 - 100,00000 - 99,571.60 OTD 13/05/2012 1.104 %12/05/2017 IBM CORP GLOBAL NOTES 459200HKO 100,000.00 AA- Aa3 02/05/13 02/08113 99,542.00 1.35 496.53 99,757.78 99,845.10 DTD 02/08/2013 1.250% 02/08/2018 BANK OF NEW YORK MELLON (CALLABLE) 06406HC16 150,000.00 A+ Al 03/04/13 03/06/13 149,956.50 1.36 646.88 .149 976.32 149.117.55 DTD 03/06/20131.350 %03/06/2018 MICROSOFT CORP GLOBAL NOTES 594918!63 50.000.00 AAA Aaa 04/25/13 05102113 49,968.50 1.01 83.33 49,981.95 49,715.25 DTD 05/02/2013 1.0000k 05/01/2018 COLGATE- PALMOLIVE CO NOTES 194160EB2 100.000.00 AA- Aa3 04/29/13 05102/13 99,523.00. 1.00 150.00 99.726.66 99,264.20 DTD 05/02/20130.900 %05/01/2018 APPLE INC GLOBAL NOTES 037833.19 55,000.00 AA+ Aal 04130/13 05/03/13 54.797.05 1.08 88.61 54.883.45 54,443.95 OLD 05/03/2013 1.000% 05/03/2018 CHEVRON CORP GLOBAL NOTES 166764AE0 80.000.00 AA A31 06/17/13 06/24/13 80.000.00 1.72 26.72 80.000.00 80,477.12 DTD 06124/2013 1.718% 06/24/2018 VP M Asset Management LLC 1 r AI r ` yC t,�= �—C-�� �✓ yManaged Account Detail of Securities Held For the Month ending June 30, 2015 Security Type /Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value CISCO SYSTEMS INC GLOBAL NOTES 17275MQ 50,00000 AA� Al 08/29/14 09/04/14 50,475.00 190 354.17 50,390.74 50,342.70 DTD 03/0312014 2,125% 03/01/2019 HSBC BANK USA NA CD 40428AC54 100.00000:iA3+ P�I 02/11/15: 02/13/15 100.000.00..0.88 26.31123 f 337.33 .:100.00000 :100.06250 >. DTD 02/13/2015 0.880 %08/15/2016 26,311.23 26,311.23 Securities Sub -Total $4,991,311.23 AMERICAN HONDA FINANCE GLOBAL NOTES 0266SWAHA 100,000.00 A+ Al 09104/14 09/09/14 99,81500 2.29 850.00 99.84341 100,678,40 DTD 09/09/2014 2.250 %08/15/2019 Security Type Sub -Total 200,000,OD 200,000.00 1.02 442.75 200,000.00 199,775.00 WELLS FARGO &CO 94974BGFI 175,000.00 A+ A2 02/02/15 02/05115 126,223.25 2.00 1,557.26 126,12819 123329.45 DTD 02/02/2015 2.150% 01/30/2020 Security Type Sub -Total 1,450,000.00 1,452,808.45 1.39 5,666.13 1,4510737.67 1,448,914.94 Certificate of Deposit CAMP Pod 2631123 AAArn NR HSBC BANK USA NA CD 40428AC54 100.00000:iA3+ P�I 02/11/15: 02/13/15 100.000.00..0.88 26.31123 f 337.33 .:100.00000 :100.06250 >. DTD 02/13/2015 0.880 %08/15/2016 26,311.23 26,311.23 Securities Sub -Total $4,991,311.23 $4,991,265.75 1.15% $13,512.26 NORDEA BANK FI NLAND NY CD 65558LFA5 1001000.OD AA� Aa3 05/22/15 05/29/15 100,000.00 1.15 105.42 100,00000 99.7 . DTD 05/29/2015 1.150% 05/26/2017 Security Type Sub -Total 200,000,OD 200,000.00 1.02 442.75 200,000.00 199,775.00 Managed Account Sub-Total 4,965,000.00 4,964,954.52 1.15 13,512.26 4,964,090.09 4,969,470.07 Money Market Fund CAMP Pod 2631123 AAArn NR 26.311.23 0.00 .26311 23 26.31123 f Money Market Sub -Total 26,311.23 26,311.23 0.00 26,311.23 26,311.23 Securities Sub -Total $4,991,311.23 $4,991,265.75 1.15% $13,512.26 $4,990,401.32 $40995,781.30 Accrued Interest $13,512.26 Total Investmentr $5,009,293.56 .=�Z- 1 WPT'M Asset MalTagetllenc LLC r-j ^ -- ---� Managed Account Detail of Securities Held For the Month Ending June 30, 2015 GZf1OF>fiK EL,SIN,DRE LAKE ELSINORE CiTY;�UNQS ... .. ,. .... .. .,. ,. , Security Type /Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value US TREASURY NOTES 912828R11 40D,000.00 M+ Aaa 09/05/14 09/09114 403,484.38 0.57 1.005.46 402,119.46 403,031.20 DTD 09/30/20111.000 %09/30/2016 US TREASURY NOTES 912828MO 500,000.00 M+ Aaa 01/23/12 01/26/12 499,101.56 0.91 11.89 499,722.98 502.929.50 DTD 01/03/2012 0.875% 12/31/2016 US TREASURY NOTES 912828SM3 675,000.00 M+ Pea 02/27/14 03103/14 680.484.37 0.73. 1.696.72 678.131.98 680.167.80 DTD 03/31/20121.000 %03/31/201] US TREASURY NOTES 912828SM3 1,300,000.00 M+ Aaa 03/19114 03/21114 1,302,996.09 0.92 3,267.76 1,301,740.86 1,309,952.80 DTD 03/31/2012 1.000% 03/31/2017 US TREASURY NOTES 912828UA6 800,000.00 M+ Aaa 05/06/14 05/09/14 784,62500 1.18 423.50 789,501.50 796,562.40 OTO 11/30/2012 0.6250k 11/30/2017 'ASURY NOTES 912828021 350,000.00 M+ Aaa 05110113 05/15/13 346,814.45 0.81 368.55 348,165.75 346.855.60 t/30/2013 0.6250A 04/30/2018 US TREASURY NOTES— 912828VOO 875,000.00 M+ Aaa r: 02102115 ;02 /04 /iS .:888.60352 0.92 '5,018.56 887,04218 883,750.00 DTD 07/31/2013 1.375% 07/31/2018 US TREASURY NOTES 912828434 570,OOD.00 M+ Aaa 06/02/14 06103/14 966.014.45 1.41 60348 566.947.19 571,425.00 DTD 12/02/2013 1.250% 11/30/2018 US TREASURY NOTES 912828833 475,000.00 M+ Ass 07/29/14 ':07/31/14 '472,79199 1.61 . 2,972.03 47322931 479,341.98 DTD 01/31/20141500 %01/31/2019 US TREASURY NOTES 91282BC65 160.000.00 M+ Aaa 09102/14 09/04/14 160,175.OD 1.60 653.55 160,144.95 161,912.48 DTD 03/31/2014 1.625% 03/31/2019 US TREASURY NOTES 9/2828065 575.000.00 M+ Pea. 10/02/14 :110/06/14 575.898.44. 1.59 2,348.70 575,755.91 581.872.98 DTD 0313112014 1.625% 03131/2019 US TREASURY NOT ES 912828KO2 500,000.00 M+ Aaa 10/30/14 11/03/14 535,429.69 1.50 1.995.58 530.415.31 533.554.50 DTD 05/15/2009 3.125% 05/15/2019 US TREASURY NOTES 912828TRI 300,000.00 M+ Ma 04126115 .04/30115 296,09766 1.30 754.10 296,243.67 294,398.40 DTD 10/01/20121.000 %09/30/2019 US TREASURY NOTES 912828TR3 1.000.000.00 M+ Aaa 02/26115 02/27/15 981,367.18 1.42 2,513.66 982,708.16 981,328.00 DTD 10/01/2012 1.000% 09/30/2019 1' PFM Asset Management 7.LC C r ARM M--F Managed Account Detail of Securities Held For the Month Ending lune 30, 2015 T Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value DTD 09130/2014 1.750% 09130/ZG19 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828U84 1.050,000-00 AA+ Asa 05/28/15 05/29/15 1.029.738.28 1.44 889.34 1,030,132.45 773,986.09 1.027,031.25 775,183.66 Security Type Sub -Total 10,780,000.00 10,793,006.83 1.20 30,021.51 10,790,290.96 10,819,152.64 Municipal Bond / Note All- MCNOTES - 3137EAD55 600,000.00 :AA+ Asa. 10 /01113 10103/13 1601,82900 077 UNIV OF CAL TXBL REV BONDS " 91412GUVS 125,08000'. AA Aa2 04/04/14 04//10/14 125;00000 190 304.11 125.00000 126,94500 DTD: 04/10/20141.904 %05/15/2018 FREDDIE MAC GLOBAL NOTES 3137EADN9 480,000.00 AA+ Aaa 08/11/14 08113/14 CT ST TX8L GO BONDS 20772JZKI 165,000.00 0.96 AA Aa3 03/16115 03/25/15 165.463.65 1.90 868.56 165,433.34 166.443.75 DTD 03/25/2015 1.974% 03/1512019 Security Type Sub -Total 290,000.00 290,463.65 1.90 1,172.67 290,433.34 293,31, Security Type Sub-Total 135,000.00 136,349.51 0.83 174.38 135,618.58 136,007.24 FHLB NOTES 313WT97 775.000.00 AA+ Ass 08106/14 08/07/14 773,256.25 0.61 11001.04 773,986.09 775,183.66 DTD 08/07/2014 0.500% 09/28/2016 All- MCNOTES - 3137EAD55 600,000.00 :AA+ Asa. 10 /01113 10103/13 1601,82900 077 1,122.92 600,779,09 603,362.40' DT008/16/20130.875 %10/14/2016 FREDDIE MAC GLOBAL NOTES 3137EADN9 480,000.00 AA+ Aaa 08/11/14 08113/14 480,561.60 0.96 26.67 480.39159 482,633.76 DTD 05114/2012 1.000% 06/29/2017 FANNIE MAE GLOBAL NOTES 3135GOMn 800000.00 AA+ Aaa 09106112 09/10112 801,98400 082 `. 2,352:78 800,87296 $01,896.80 DTD. 07/20/20120.875 %08/28/2017 FREDDIE MAC GLOBAL NOTES 3137EADLO 475,000.00 AA+ AAA 10/04/12 10/05112 480,068.25 0.78 1.213.89 477,306.90 476,119.10 DTD 0811012012 1,000% 09/29/2017 �PP3i' PFM Asset Managenwrit LLC 7� 1 1 Managed Account Detail of Securities Held For the Month ending Tune ao, zou CITY, OF LAKE E OS RE LAKE,ELSINDRE ,CITY FUNAS t s` Security Type /Description S &P Moody's Trade Settle Original wM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Federal Agency Bond / Note FANNIE MAE GLOBAL NOTES 3135GOPOO 1.000.000.00 AA+ -Aaa 11/22/13 12/03/13 992,27000 1.08 1.579.86 995,362.26 1,000,458.00 DTD 09/24/2012 0.875% 10/2612012 FANNIE MAE GLOBAL NOT ES 3135GOW38 400.000.00 AA+ Aaa 05/24/13 05/31/13 393.940.00 1.19 388.89 396.436.15 397.606.00 DTD 04/15/2013 0.875 %05/21/2018 FANNIE MAE GLOBAL NOTES 3135GOW38 650,000.00 AA+ Aaa 05/22/13 05/24/13 644,507.50 1.05 631.94 646,786.65 646,109.75 DTD 04/15/2013 0.875 %05/21/2018 FANNIE MAE GLOBAL NOTES 3135GDYT4 350,00D00 AA+ Aaa 06/16/14 06/19/14 350,010.50 1.62 537.15 350.009.06 354,235.35 DTD 10 /01/2013 1.625% 11/27/2018 FANNIE MAE GLOBAL NOTES 3135GOYF4. 625,000.00 AA+ Ass :10/22114 10/23/14 630.937.50 1.39 959.20 629,963.73 X632,563.13 DM 10/01/2013 1.62S% 11127/2018 - lE MAC NOTES 3137EADG1 375,000.00 BA + Aaa 12/01/14 12/03/14 379.260.00 1.49 565.10 378,727.71 379,08075 4/16/2012 1,750% 05/30/2019 Security Type Sub -Total 6,530,000.00 6,528,619.60 1.02 10,379.44 6,530,622.21 6,549,248.72 PEPSICO INC GLOBAL NOTES 713448CE6 250,000.00 A Alt 02/25/13 ':02/28/13 - 249.912.50 0]1 '607.64 .249980.73 '- '250,15225 DTD 02/28/2013 0+7000k 02/2612016 3PMORGAN CHASE &CO GLOBAL NOTES 46623OU4 700,000.00 A AS 02/21/13 02126/13 699,153.00 117 2,734.38 699,813.26 702,016.00 DTD 02/26/2013 1.125% 02/26/2016 WALT DISNEY CO CORPORATE NOTE 25468PC53 700,000.00 A A2 06/11/12 06114112 697,494.0 1.20 2,975.00 699.119,51. 703,462.20 : DTD 02/14/2012 1.125% 02/15/2012 WAL -MART STORES INC SR NOTES 931142066 470,000.00 AA Aa2 04/05/12 04/11/12 551.822.30 172 6.034.93 499,706.60 507,145,04 DTD 04/0512007 5.3750k 04/05/2012 BERKSHIRE HATHAWAY FIN GLOBAL NOTES 084664859 350,000.00 AA Aa2 01/09113 ' -. 01/15/13 354,987.50 1.26 715.56 352,188.71 353,760.40 DTD 05/15/20121.600 %05/15/201] US BANCORP(CALLABLE) 91159HHDS 700,000.00 A+ Al 07/25/12 07/30/12 714.952.00 1.19 1,475.83 700,000.00 708.433.60 DTD 05/08/2012 1.650% 05/15/2017 PPM Asset Management LLC; �$ r �X �� 11111oi.o vowv.w =-•-T Managed Account Detail of Securities Held For the Month Ending June 30, 2015 Security Type /Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost interest Cost Value -..•pll,. . •,...", 11111oi.o vowv.w r m vo,uouv -. UPI war ebv,,sb bb 1.19 -- Gb8.2u '434.86651 . 435,291.89 DTD 06/12/2014 1.125% 06112/2017 HSBC USA INC 40434CAA3 250.000.00 A A2 06/16/14 06/23/14 249.620.00 1.35 72.22 249,747.77 249,88015 DTD 06/23/2014 1300% 06/23/2017 3M COMPANY GLOBAL NOTES 88579YAEI 325.000.00 AA- Aa3 06/21/12 '06126112 32350375 1.10 45.14 324,395.06 325,413.73 DTD 06/2612012 1000 %06/2612017 CATERPILLAR FINANCIAL SE 14912L6D8 320.000.00 A A2 08/13/14 08/20114 319,890.00 1.27 1.477.78 319.885.51 320,501.12 DTD 08/20/2014 1,250% 08/18 /2017 AMERICAN EXPRESS CREDIT CORP NOTES 0258MODR7 200,000.00 A- A2 09118/14 .09/23/14 199,73200 160 852.50 199.799.85 200,651.60 DTD 09/23/20141550 %09122/2017 CHEVRON COW (CALLABLE) GLOBAL NOTES 166764MB 150,000.00 AA Aal 11/28112 12/05/12 150,000.00 1.10 119.60 150,000.00 149,3`- DTD 12/05/2012 1.104% 12/0512017 CHEVRON COW (CALLABLE) GLOBAL NOTES 166764AA8 175.000.00 AA Pal 11/29/12 12/05/12 175,94675 099 i. `139.53 175,457.33 174,25v.�c DTD. 12/05/20121104 %.12/05/2017 IBM CORP GLOBAL NOTES 459200HKO 250,000.00 AA- Aa3 02/05/13 02/08/13 248,855.00 1.35 1,241.32 249,394.46 249,612.75 DTD 0210812013 1.250% 02/08/2018 BERKSHIRE HATHAWAY GLOBAL NOTE 084670SHO 400,00000 AA Aa2 / 01129113 02/11/13 399,94400 158 - 2.445.56 399,70946 .401.918.00 OTO,02/11120131550 %02/09/2018 WAL -MART STORES INC GLOBAL NOTES 931142DR 300,000.00 AA Aa2 04/04/13 04/11/13 299,724.00 1.14 750.00 299,894.74 298,854.00 DTD 04/11/2013 1.125% 04/11/2018 MICROSOFT CORP GLO&ALNOTES 594918A53 155.000.00 AAA Aaa:'- 04 /25/13 05/02/13 159,90235 101 } 258.33 154,994,03 154.117.28 DTD 05/02/20131.000 %05/01/2018 APPLE INC GLOBAL NOTES 037833A)9 310.000.00 AA+ Aa1 04/30/13 05/03/13 308,85610 1.08 499.94 309,343.06 306.865.90 DTD 05/03/20131.000% 05103/2018 CHEVRON CORP GLOBAL NOTES '166764AE0 440,000.00 AA A41 06/17/13 06/24/13 :440,00000 172 1 146.98 440,000.00 942,624,16. DTD 06/24/2013 1,7180k 06/2412018 CISCO SYSTEMS INC GLOBAL NOTES 17275RAR3 270.000.00 AA- Al 08/29/14 09/04/14 272,56500 390 1.912.50 272,109.98 271,877.58 DTD 03/03/2014 2.125% 03/01/2019 =111 M' WPPM Asset Management i1,C M ,) Managed Account Detail CITY OF1AKrI SIfORI ..IAKE,EISINORE ,11Y l UNDS Security Type /Description S &P Moody's Trade Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date of Securities Held For the Month Ending June 30, 2025 .� `� . - Settle Original YTM Accrued Amortized Market Date Cost at Cost Interest Cost Value AMERICAN HONDA FINANCE GLOBAL NOTES 02665WAH4 575,000.00. 1.23 88,094.93 A+ Al 09104/14 09/09/14 573,936.25 41,563.98 2.29 4,887.50 574,099.60 CAMP Pool 578,900.80 DTD 09/0912014 2,250% 08/15/2019 0100 92.113.14 92.113.14 HSBC BANK USA NA CD 40428AC54 450000.00 A -1+ P -1 02/11/15 02113/15 GENERAL ELECTRIC CAP CORP NOTES 369626430 250,000.00 11518.00 450,000.00 AA+ Al 03/20/15 03/25/15 289.082.50 2.05 6,607.64 287.011.14 283,405.00 DTO 01/08/2010 5.500% 01/08/2020 CANADIAN IMPERIAL BANK NY YCD 136063YY9. 575,000.00 A-1 P -1 04/06/15. 04/10/15 575,000.00 1.01 1,306.69 575,0000 574.051.25 DTD 04 /10/20151.010 %04/06/201] WELLS FARGO &GO - 94974BGF1 :75,000.00 A+ A2 03/24/15 03/27/15 75,288.00 2.07 667.40 '75,27377 575,000.00 74,284.05 P-1 DTD 02/02/2015 2.150% 01/3012020 04/27/15 575,000.00 1.07 1,093.78 575,000.00 573,309.50 DTD 04 /27/2015 1.070% 04/21/2017 WELLS FARGO &CO 94974BGFI 375.000.00 A+ A2 02/02/15 02/05/15 377.621.25 05/27/15 05/29/15 2.00 3.336.98 377,417.56 606.15 371,420.25 573,346.88 DTD 02/02/2015 2.150% 0113012020 ETD 05/29/20151.150 %05/26/201] TORONTO DOMINION BANK NY YCD 89113ESN7 625,000.00 TOYOTA MOTOR CORP NOTES 8923UUG 200,000.00 06/19/15 625,000.00 AA-. Aa3 03/23/15 03/27/15 201,776.00 DTD 06/19/2015 1,240% 06/16/2017 1.96 1,301.94 201.68694 199,938160 DTD 03/12/20152.150% 03/12/2020 Ply Type Sub-Total 29,160,000.00 8,625,000.00 1.23 88,094.93 29,242,750.70 29,307,917.26 8,763,807.80 1.44 41,563.98 8,695,785.61 8,714,134.15 qWrtificate of Deposit CAMP Pool 92.113.14 AAAm NR 92,113.14 0100 92.113.14 92.113.14 HSBC BANK USA NA CD 40428AC54 450000.00 A -1+ P -1 02/11/15 02113/15 450,000.00 0.88 11518.00 450,000.00 450,281.25 DTD 02/13/2015 0,880% 08/15/2016 CANADIAN IMPERIAL BANK NY YCD 136063YY9. 575,000.00 A-1 P -1 04/06/15. 04/10/15 575,000.00 1.01 1,306.69 575,0000 574.051.25 DTD 04 /10/20151.010 %04/06/201] RABOBANK NEDERLAND NV CERT DEPOS 216846XH2 575,000.00 A -1 P-1 04122/15 04/27/15 575,000.00 1.07 1,093.78 575,000.00 573,309.50 DTD 04 /27/2015 1.070% 04/21/2017 NORDEA BANK FINLAND NY CD 65558LFA5 375.000.00 AA- A13. 05/27/15 05/29/15 575.000.00 1.15 606.15 575.00000 573,346.88 ETD 05/29/20151.150 %05/26/201] TORONTO DOMINION BANK NY YCD 89113ESN7 625,000.00 AA- Aa1 06/16115 06/19/15 625,000.00 1.25 258.33 625,000.00 624,996.88 DTD 06/19/2015 1,240% 06/16/2017 Security Type Sub4otal 2,800,000.00 2,800,000.00 1.08 41782.95 2,800,000.00 2,795,985,16 Managed Account Sub-Total 29,160,000.00 29,312,247.39 1.23 88,094.93 29,242,750.70 29,307,917.26 Money Market Fund CAMP Pool 92.113.14 AAAm NR 92,113.14 0100 92.113.14 92.113.14 PPM Asset Management L LC zt �r —�--�� Managed Account Detail of Securities Held For the Month ending June 30, 2015 �`��j ��aliEI,SIN��.� �1 \�LIn�.���Q�� �r���i�3„�. uY`.���..$,���[ ( ...e. t�.!•Y�t�SCY �j£": <y h ?`., '� � l 2 Security Type/ Description S &P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date /Coupon /Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Money Market Sub-Total 92,113.14 92,113.14 0.00 92,113.14 92,113.14 Securities Sub -Total $29,252,113.14 $29,404,350.53 1.23% $88,094.93 $29,334,853.84 $29,400,030.40 Accrued Interest $88,094.93 Total Investments $29,888,125.33 PPM Asset Management L.LC