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HomeMy WebLinkAbout0002_2_City Investment Report 2016-05CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 13,233,272$ 2,645,330$ (2,984,526)$ 12,894,076$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 13,233,272 2,645,330 (2,984,526) 12,895,376 INVESTMENTS City Investments: City Local Agency Investment Fund 20,371,014 - - 20,371,014 City Local Agency Investment Fund for the PFA 329,987 - - 329,987 City CAMP Investments: CAMP Pool Account 51,284 - - 51,284 U.S. Treasury Bond / Note 13,053,470 - - 13,053,470 Municipal Bond / Note 290,463 - - 290,463 Federal Agency Collateralized Mortgage Obligation 530,253 - - 530,253 Federal Agency Bond / Note 4,329,631 - - 4,329,631 Corporate Note 6,824,246 - - 6,824,246 Certificate of Deposit 4,650,000 - - 4,650,000 Housing CAMP Investments: Housing CAMP Pool Account 16,473 - - 16,473 Housing U.S. Treasury Bond / Notes 2,408,299 - - 2,408,299 Housing Municipal Bond / Notes 30,084 - - 30,084 Housing Federal Agency Collateralized Mortgage 95,951 - - 95,951 Housing Federal Agency Bond / Notes 829,781 - - 829,781 Housing Corporate Notes 1,265,872 - - 1,265,872 Housing Certificate of Deposit 400,000 - - 400,000 Successor Investments: Successor Local Agency Investment Fund 90,550 - - 90,550 Successor CAMP Investments: Successor CAMP Pool Account 24,683 - - 24,683 Successor U.S. Treasury Bond / Notes 2,722,596 - - 2,722,596 Successor Municipal Bond / notes 30,084 - - 30,084 Successor Federal Agency Collaterized Mortgage 95,951 - - 95,951 Successor Federal Agency Bond / Notes 904,711 - - 904,711 Successor Corporate Notes 1,068,028 - - 1,068,028 Successor Certificate of Deposit 400,000 - - 400,000 Sub-total Investments 60,813,407 - - 60,813,407 Market Value Adjustment: Unrealized Gain/ (Loss) at 06-30-15 City 4,631 - - 4,631 Unrealized Gain/ (Loss) at 06-30-15 SARDA 13,632 - - 13,632 Total Unrealized Gain/ (Loss) at 06-30-15 per GASB 31 18,263 - - 18,263 Total Investments 60,831,670 - - 60,831,670 Total Pooled Cash and Investments 74,064,942$ 2,645,330$ (2,984,526)$ 73,727,046$ TOTAL POOLED CASH AND INVESTMENTS 73,727,046$ 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 16, 2016. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures. Jason P. Simpson June 20, 2016 Director of Administrative Services Date C I T Y O F L A K E E L S I N O R E INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF MAY 31, 2016 Yield Purchase Date Maturity Rate 0.552%Daily 24-Hour Agency Beginning Balance Net Increase/(Decrease)Ending Balance City 20,371,014$ -$ 20,371,014$ City for the PFA 329,987$ -$ 329,987$ Successor Agency 90,550$ -$ 90,550$ Total Investments Held with Local Agency Investment Fund:20,791,550$ -$ 20,791,550$ Note: Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained. LAIF accounts are subject to a $65 million cap. C I T Y O F L A K E E L S I N O R E LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING MAY 31, 2016 FUND NO FUND NAME AMOUNT 100 General Fund 12,396,546$ 101 Supplemental Law Enforcement Fund 25,000 104 Traffic Offender Fund 13,605 106 Affordable Housing In Lieu Fund 2,604,275 107 Developer Agreement Revenue 1,376,266 110 State Gas Tax Fund 1,785,884 112 Measure A Fund 803,028 114 SB1186 CASP Education Program Fund 5,406 115 Traffic Safety Fund 148,096 116 City Hall-Public Works DIF Fund 1,087,006 117 Community Center DIF Fund 480,624 118 Lake Side Facility DIF Fund 555,679 120 Camino Del Norte DIF 110 121 T.R.I.P.-2014A 7,015 130 Lighting & Landscape Maintenance Fund - City-wide 253,486 135 Lighting & Landscape Maintenance Fund - Dist. No. 1 463,985 140 Geothermal Fund 19,718 155 CSA152 -- N.P.D.E.S.101,926 160 PEG Grant Fund 12,396 205 Traffic Impact Fee Fund 3,557,885 211 Storm Drain C.I.P. Fund 3,391,405 221 Quimby Park C.I.P. Fund 15,432 231 Library C.I.P. Fund 1,685,121 232 City Fire Protection Fund 171,204 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 126,253 268 CFD 2006-2 Viscaya Improvement 217 305 Information Systems Service 31,738 310 Support Service 287,049 320 Facilities Service 146,068 331 CFD 2006-1CC Summerly Improvement Area CC 33,337 332 CFD 2006-1 Improvement Area B, Summerly 93,539 333 CFD 2015-3 Terracina 25,047 334 CFD 2015-5 Trieste - Far West Industries 45,158 342 CFD 2007-5 Red Kite Service Fund 2,674 343 CFD 2006-2S Viscaya Services 41,557 344 CFD 2005-2 Alberhill Ranch Services Fund 114,323 345 CFD 2003-2S Improvement Area D, Canyon Hills 951,577 346 CFD 2014-1 Southshore Debt Service Fund 62,500 347 CFD 2006-1 Improvement Area A, Summerly 149,642 348 CFD 2003-2 Improvement Area C, Canyon Hills 88,062 349 CFD 88-3 (2013B) Debt Service Fund 72,224 350 CFD 98-1 Summerhill Debt Service Fund 1,006,179 352 AD 86-1 Debt Service Fund 655,943 354 CFD 90-2 Successor RDA Debt Service Fund 2,011,476 356 AD 90-1A Debt Service Fund 3 357 CFD 2003-2 Canyon Hills Debt Service Fund 812,669 C I T Y O F L A K E E L S I N O R E POOLED CASH AND INVESTMENTS BY FUND AS OF MAY 31, 2016 FUND NO FUND NAME AMOUNT C I T Y O F L A K E E L S I N O R E POOLED CASH AND INVESTMENTS BY FUND AS OF MAY 31, 2016 366 CFD 2005-6 City Center Townhomes Debt Service Fund 178,887 367 CFD 2005-3 Summerly Debt Service Fund 209,905 368 CFD 2006-2 Viscaya Debt Service Fund 362,626 369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 1,094,674 371 CFD 2005-1 Serenity Debt Service Fund 583,130 372 CFD 2005-2 Alberhill Ranch Debt Service Fund 1,354,517 374 CFD 2005-4 Lakeview Villas Debt Service Fund 45,864 375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 17,294 376 CFD 2006-3 La Strada Debt Service Fund 22,407 377 CFD 2006-6 Tessara Debt Service Fund 10,834 378 CFD 2006-8 Tract No. 31957 Debt Service Fund 41,974 384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 1,372,769 385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 1,282,093 386 CFD 2007-4 Mekenna Debt Service Fund 10,122 387 CFD 2007-5 Red Kite Debt Service Fund 65,761 388 CFD 2007-6 Holiday Inn Debt Service Fund 3,703 389 CFD 88-3 (2008A) West Lake Elsinore Debt Service Fund 2,143,790 390 CFD 2003-2 Area C Canyon Hills Debt Service Fund 370,546 392 CFD 95-1 City Center Debt Service Fund 170,511 393 AD 93-1 Debt Service Fund 1,087,017 394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 433,850 510 Successor Agency RDA Area I 484,493 520 Successor Agency RDA Area II 2,217,194 530 Successor Agency RDA Area III 1,126,223 540 Successor Area RDA Diamond Stadium 1,683,372 604 Endowment Trust Fund 11,095 605 Public Improvement Trust Fund 838,639 606 Mobile Source Air Polution Reduction Fund 202,205 608 Trust Deposit & Pre Paid Expense Fund 5,297,130 617 Successor Agency Housing Fund 11,506,418 620 Cost Recovery System Fund 1,071,830 631 Lake Destratification Equipment Replacement Fund 179,360 655 CFD 2015-1s Law, Fire, Paramedic Services 19,647 723 LEPFA 2008 Series A 3,586 731 LEPFA 2011 Series B 2,711 734 LEPFA 2013 Series C 409,115 736 LEPFA 2013 Series A 20 780 LEPFA General 93,402 Total Pooled Cash & Investments 73,727,046$ DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00%UNLIMITED U.S. Treasury Bond / Note 29.90%UNLIMITED Current Balance 18,184,364$ Municipal Bond / Note 0.58%UNLIMITED Current Balance 350,631$ Federal Agency Collaterized Mortgage Obligation 1.19%40.00% Current Balance 722,154$ Federal Agency Bond / Note 9.97%*UNLIMITED Current Balance 6,064,122$ Banker's Acceptance 0.00%40.00% Certificates of Deposit 8.96%25.00% Current Balance 5,450,000$ Negotiable Certificates of Deposit 0.00%30.00% Commercial Paper 0.00%15.00% Corporate Note 15.06%30.00% Current Balance 9,158,145$ Repurchase Agreements 0.00%UNLIMITED Reverse Repurchase Agreements 0.00%20.00% LAIF (Local Agency Investment Fund)34.19%UNLIMITED Current Balance 20,791,550$ CAMP - Pooled Sweep Account 0.15%UNLIMITED Current Balance 92,439$ TOTAL 100.00%60,813,407$ 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 and Successor Agency CAMP Portfolios. FOR THE MONTH ENDING MAY 31, 2016 SUMMARY OF POLICY LIMITATIONS C I T Y O F L A K E E L S I N O R E City Funds CAMP Account For the Month Ending May 31, 2016Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 83,859.97 2,087,596.04 (2,120,171.63) 0.00 $51,284.38 CAMP Pool Unsettled Trades 0.00 17.40 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 29,800,706.39 2,103,041.66 (2,011,170.71) (67,615.61) $29,824,961.73 CAMP Managed Account Unsettled Trades 0.00 (6,487.67)Cash Dividends and Income May 31, 2016 April 30, 2016 Asset Summary CAMP Pool 51,284.38 83,859.97 CAMP Managed Account 29,824,961.73 29,800,706.39 $29,876,246.11 $29,884,566.36 Total Asset Allocation 0.17% CAMP Pool 99.83% CAMP Managed Account Page 1 For the Month Ending May 31, 2016Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dividend Closing Market Value Redemptions Purchases Opening Market Value Closing Market Value Change in Current Value Unsettled Trades Principal Acquisitions Principal Dispositions Maturities/Calls Opening Market Value Closing Market Value Opening Market Value Account Total Total Cash Basis Earnings Plus Net Realized Gains/Losses Less Purchased Interest Related to Interest/Coupons Interest/Dividends/Coupons Received Earnings Reconciliation (Cash Basis) - Managed Account Dividends Less Beginning Accrued Interest Less Beginning Amortized Value of Securities Less Cost of New Purchases Plus Coupons/Dividends Received Plus Proceeds of Maturities/Calls/Principal Payments Plus Proceeds from Sales Ending Accrued Interest Ending Amortized Value of Securities Earnings Reconciliation (Accrual Basis) Reconciling Transactions Net Cash Contribution Security Purchases Principal Payments Coupon/Interest/Dividend Income Sale Proceeds Maturities/Calls Cash Transactions Summary- Managed Account $83,859.97 2,087,596.04 (2,120,171.63) $51,284.38 17.40 $29,800,706.39 0.00 (2,011,170.71) 2,103,041.66 0.00 (67,615.61) $29,824,961.73 $29,884,566.36 $29,876,246.11 69,057.93 (14,667.59) (60,878.01) ($6,487.67) 0.00 2,017,118.18 63,110.46 0.00 (2,117,709.25) 37,480.61 0.00 Managed Account Total 29,641,013.68 29,692,298.06 105,955.50 2,017,118.18 0.00 63,110.46 (2,117,709.25) (29,546,310.45) (121,855.79) 0.00 105,955.50 4,137,289.81 0.00 63,110.46 (4,205,305.29) (29,630,170.42) (121,855.79) 17.40 Total Accrual Basis Earnings $41,322.33 $41,339.73 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending May 31, 2016Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 12,960,000.00 13,156,183.22 44.04 Municipal Bond / Note 290,000.00 294,232.55 0.98 Federal Agency Collateralized Mortgage Obligation 525,000.00 527,840.26 1.77 Federal Agency Bond / Note 4,325,000.00 4,345,314.47 14.54 Corporate Note 6,755,000.00 6,847,329.47 22.92 Certificate of Deposit 4,650,000.00 4,654,061.76 15.58 Managed Account Sub-Total 29,505,000.00 29,824,961.73 99.83% Accrued Interest 105,955.50 Total Portfolio 29,505,000.00 29,930,917.23 CAMP Pool 51,284.38 51,284.38 0.17 Total Investments 29,556,284.38 29,982,201.61 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 15.58% Cert of Deposit 22.92% Corporate Note 1.77% Fed Agency CMO 14.54% Fed Agy Bond / Note 0.17% Mny Mkt Fund 0.98% Muni Bond / Note 44.04% US TSY Bond / Note 0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years 0.17% 8.12% 27.58% 20.92% 23.82% 19.39% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.64 998 1.44% 1.20% Page 3 For the Month Ending May 31, 2016Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Credit Quality (S&P Ratings) 5.09% A 4.33% A+ 3.13% A- 7.70% A-1 1.93% A-1+ 1.78% AA 62.32% AA+ 12.54% AA- 0.17% AAAm 1.01% BBB+ Issuer Summary Percentof HoldingsIssuer Market Value 199,981.60 0.67 AMERICAN EXPRESS CO 589,296.80 1.97 AMERICAN HONDA FINANCE 309,593.90 1.04 APPLE INC 305,734.80 1.02 BANK OF NEW YORK CO INC 576,966.50 1.93 BANK OF NOVA SCOTIA 149,523.30 0.50 BB&T CORPORTATION 403,156.40 1.35 BERKSHIRE HATHAWAY INC 51,284.38 0.17 CAMP Pool 573,835.63 1.92 CANADIAN IMPERIAL BANK OF COMMERCE 767,300.75 2.57 CHEVRON CORP 582,727.53 1.95 CISCO SYSTEMS INC 435,693.39 1.46 DEERE & COMPANY 4,015,042.37 13.44 FANNIE MAE 858,112.36 2.87 FREDDIE MAC 281,850.25 0.94 GENERAL ELECTRIC CO 300,795.60 1.01 GOLDMAN SACHS GROUP INC 825,618.75 2.76 HSBC HOLDINGS PLC 250,547.50 0.84 IBM CORP 585,829.55 1.96 JP MORGAN CHASE & CO 574,614.75 1.92 NORDEA BANK AB 574,747.00 1.92 RABOBANK NEDERLAND 577,829.00 1.93 ROYAL BANK OF CANADA 573,921.88 1.92 SKANDINAVISKA ENSKIDA BANKEN AB 166,933.80 0.56 STATE OF CONNECTICUT 75,073.20 0.25 STATE STREET CORPORATION 626,106.25 2.10 TORONTO-DOMINION BANK 203,183.20 0.68 TOYOTA MOTOR CORP 13,156,183.22 44.04 UNITED STATES TREASURY 127,298.75 0.43 UNIVERSITY OF CALIFORNIA 703,654.00 2.36 US BANCORP 453,809.70 1.52 WELLS FARGO & COMPANY Page 4 For the Month Ending May 31, 2016Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS $29,876,246.11 Total 100.00% Page 5 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 523,502.70 520,705.72 8.97 514,910.15 05/09/1405/06/14AaaAA+ 525,000.00 912828UA6 1.18 US TREASURY NOTES DTD 04/15/2015 0.750% 04/15/2018 299,308.50 299,520.46 288.93 299,496.09 04/27/1604/22/16AaaAA+ 300,000.00 912828K25 0.84 US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 883,750.00 883,491.25 4,032.45 888,603.52 02/04/1502/02/15AaaAA+ 875,000.00 912828VQ0 0.92 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 372,659.56 368,541.60 12.64 367,412.89 06/03/1406/02/14AaaAA+ 370,000.00 912828A34 1.41 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 162,768.80 160,110.25 440.44 160,175.00 09/04/1409/02/14AaaAA+ 160,000.00 912828C65 1.60 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 584,950.38 575,574.90 1,582.82 575,898.44 10/06/1410/02/14AaaAA+ 575,000.00 912828C65 1.59 US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 530,586.00 523,360.50 721.81 535,429.69 11/03/1410/30/14AaaAA+ 500,000.00 912828KQ2 1.50 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 299,132.70 297,038.30 508.20 296,097.66 04/30/1504/28/15AaaAA+ 300,000.00 912828TR1 1.30 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 997,109.00 986,357.15 1,693.99 981,367.18 02/27/1502/26/15AaaAA+ 1,000,000.00 912828TR1 1.42 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 1,276,708.75 1,264,428.10 3,705.60 1,269,384.77 03/27/1503/26/15AaaAA+ 1,250,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 1,045,406.25 1,034,159.22 28.69 1,029,738.28 05/29/1505/28/15AaaAA+ 1,050,000.00 912828UB4 1.44 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 551,289.20 545,657.79 1,737.43 544,822.27 09/03/1509/02/15AaaAA+ 550,000.00 912828UQ1 1.47 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1,152,695.60 1,137,448.74 3,632.81 1,135,625.00 11/09/1511/05/15AaaAA+ 1,150,000.00 912828UQ1 1.55 US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 591,823.35 584,741.45 3,854.40 585,848.63 12/04/1512/01/15AaaAA+ 575,000.00 912828VP2 1.58 Page 6 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 1,085,807.10 1,066,601.00 5,638.76 1,068,169.92 12/30/1512/28/15AaaAA+ 1,050,000.00 912828VV9 1.74 US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 855,159.48 854,519.65 1,278.26 855,553.13 02/03/1602/01/16AaaAA+ 840,000.00 912828WC0 1.35 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 42,237.52 42,443.40 48.51 42,481.25 05/06/1605/03/16AaaAA+ 40,000.00 912828PC8 1.21 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 694,670.18 693,321.32 36.89 694,274.41 03/04/1603/02/16AaaAA+ 675,000.00 912828A42 1.38 US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 392,211.75 393,183.92 3,743.56 393,837.89 03/31/1603/30/16AaaAA+ 375,000.00 912828A83 1.28 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 814,406.40 814,335.51 5,884.62 814,343.75 05/31/1605/27/16AaaAA+ 800,000.00 912828N48 1.35 38,879.78 13,156,183.22 13,045,540.23 1.40 13,053,469.92 12,960,000.00 Security Type Sub-Total Municipal Bond / Note UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 127,298.75 125,000.00 105.78 125,000.00 04/10/1404/04/14Aa2AA 125,000.00 91412GUV5 1.90 CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 166,933.80 165,328.80 687.61 165,463.65 03/25/1503/16/15Aa3AA- 165,000.00 20772JZK1 1.90 793.39 294,232.55 290,328.80 1.90 290,463.65 290,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 135,520.14 135,768.32 174.38 136,349.51 04/30/1504/15/15AaaAA+ 135,000.00 3136ANJY4 0.83 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 126,148.69 126,011.09 197.74 126,249.99 11/30/1511/06/15AaaAA+ 125,000.00 3136AQSW1 1.20 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 266,171.43 267,194.39 363.49 267,653.68 10/30/1510/07/15AaaAA+ 265,000.00 3136AQDQ0 1.08 Page 7 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par 735.61 527,840.26 528,973.80 1.05 530,253.18 525,000.00 Security Type Sub-Total Federal Agency Bond / Note FANNIE MAE GLOBAL NOTES DTD 07/20/2012 0.875% 08/28/2017 800,798.40 800,503.63 1,808.33 801,984.00 09/10/1209/06/12AaaAA+ 800,000.00 3135G0MZ3 0.82 FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 476,088.23 476,369.52 818.06 480,068.25 10/05/1210/04/12AaaAA+ 475,000.00 3137EADL0 0.78 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 399,424.40 397,553.67 97.22 393,940.00 05/31/1305/24/13AaaAA+ 400,000.00 3135G0WJ8 1.19 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 574,172.58 573,050.02 139.76 570,141.25 05/24/1305/22/13AaaAA+ 575,000.00 3135G0WJ8 1.05 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 355,281.50 350,006.68 63.19 350,010.50 06/19/1406/16/14AaaAA+ 350,000.00 3135G0YT4 1.62 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 634,431.25 628,650.74 112.85 630,937.50 10/23/1410/22/14AaaAA+ 625,000.00 3135G0YT4 1.39 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 723,093.98 723,441.60 1,913.19 723,289.00 02/23/1602/19/16AaaAA+ 725,000.00 3135G0J53 1.08 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 382,024.13 377,874.12 18.23 379,260.00 12/03/1412/01/14AaaAA+ 375,000.00 3137EADG1 1.49 4,970.83 4,345,314.47 4,327,449.98 1.13 4,329,630.50 4,325,000.00 Security Type Sub-Total Corporate Note US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 703,654.00 700,000.00 513.33 714,952.00 07/30/1207/25/12A1A+ 700,000.00 91159HHD5 1.19 JOHN DEERE CAPITAL CORP NOTES DTD 06/12/2014 1.125% 06/12/2017 435,693.39 434,928.99 2,297.34 434,795.55 06/12/1406/09/14A2A 435,000.00 24422ESN0 1.14 HSBC USA INC DTD 06/23/2014 1.300% 06/23/2017 249,578.00 249,863.86 1,426.39 249,620.00 06/23/1406/16/14A2A 250,000.00 40434CAA3 1.35 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 149,874.90 150,000.00 809.60 150,000.00 12/05/1211/28/12Aa2AA- 150,000.00 166764AA8 1.10 Page 8 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 174,854.05 175,279.92 944.53 175,946.75 12/05/1211/29/12Aa2AA- 175,000.00 166764AA8 0.99 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 250,547.50 249,605.37 980.90 248,855.00 02/08/1302/05/13Aa3AA- 250,000.00 459200HK0 1.35 BERKSHIRE HATHAWAY GLOBAL NOTE DTD 02/11/2013 1.550% 02/09/2018 403,156.40 399,807.08 1,928.89 399,444.00 02/11/1301/29/13Aa2AA 400,000.00 084670BH0 1.58 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 309,593.90 309,553.00 241.11 308,856.10 05/03/1304/30/13Aa1AA+ 310,000.00 037833AJ9 1.08 CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 442,571.80 440,000.00 3,296.65 440,000.00 06/24/1306/17/13Aa2AA- 440,000.00 166764AE0 1.72 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 276,028.83 271,596.03 1,434.38 272,565.00 09/04/1408/29/14A1AA- 270,000.00 17275RAR3 1.90 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 306,698.70 302,233.40 1,593.75 302,817.00 09/04/1509/01/15A1AA- 300,000.00 17275RAR3 1.85 GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 50,132.60 49,865.51 100.00 49,861.00 04/25/1604/20/16A3BBB+ 50,000.00 38141GVT8 2.10 GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 250,663.00 249,845.07 500.00 249,840.00 04/26/1604/21/16A3BBB+ 250,000.00 38141GVT8 2.02 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 589,296.80 574,292.64 3,809.38 573,936.25 09/09/1409/04/14A1A+ 575,000.00 02665WAH4 2.29 GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 281,850.25 279,775.42 5,461.81 289,082.50 03/25/1503/20/15A1AA+ 250,000.00 36962G4J0 2.05 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 75,634.95 75,221.16 541.98 75,288.00 03/27/1503/24/15A2A 75,000.00 94974BGF1 2.07 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 378,174.75 376,951.11 2,709.90 377,621.25 02/05/1502/02/15A2A 375,000.00 94974BGF1 2.00 Page 9 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note TOYOTA MOTOR CORP NOTES DTD 03/12/2015 2.150% 03/12/2020 203,183.20 201,369.97 943.61 201,776.00 03/27/1503/23/15Aa3AA- 200,000.00 89236TCF0 1.96 JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 585,829.55 577,443.11 6,939.93 577,857.75 09/04/1509/01/15A3A- 575,000.00 46625HLW8 2.64 BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 305,734.80 306,933.60 2,125.00 306,978.00 05/19/1605/16/16A1A 300,000.00 06406FAA1 2.00 AMERICAN EXPRESS CREDIT CORP NOTES DTD 05/05/2016 2.250% 05/05/2021 199,981.60 199,536.26 325.00 199,536.00 05/31/1605/25/16A2A- 200,000.00 0258M0EB1 2.30 BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 149,523.30 149,901.81 179.38 149,901.00 05/16/1605/10/16A2A- 150,000.00 05531FAV5 2.06 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 75,073.20 74,717.56 48.75 74,716.50 05/24/1605/19/16A1A 75,000.00 857477AV5 2.03 39,151.61 6,847,329.47 6,798,720.87 1.77 6,824,245.65 6,755,000.00 Security Type Sub-Total Certificate of Deposit CANADIAN IMPERIAL BANK NY YCD DTD 04/10/2015 1.010% 04/06/2017 573,835.63 575,000.00 887.26 575,000.00 04/10/1504/06/15P-1A-1 575,000.00 13606JYY9 1.01 RABOBANK NEDERLAND NV CERT DEPOS DTD 04/27/2015 1.070% 04/21/2017 574,747.00 575,000.00 683.61 575,000.00 04/27/1504/22/15P-1A-1 575,000.00 21684BXH2 1.07 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 574,614.75 575,000.00 110.21 575,000.00 05/29/1505/27/15Aa3AA- 575,000.00 65558LFA5 1.15 TORONTO DOMINION BANK NY YCD DTD 06/19/2015 1.240% 06/16/2017 626,106.25 625,000.00 7,470.14 625,000.00 06/19/1506/16/15Aa1AA- 625,000.00 89113ESN7 1.25 BANK OF NOVA SCOTIA HOUSTON YCD DTD 11/09/2015 1.560% 11/06/2017 576,966.50 575,000.00 622.92 575,000.00 11/09/1511/06/15P-1A-1 575,000.00 06417GAS7 1.55 SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 573,921.88 575,000.00 4,656.86 575,000.00 11/17/1511/16/15P-1A-1 575,000.00 83050FBG5 1.48 Page 10 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Certificate of Deposit HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 576,040.75 575,000.00 4,821.06 575,000.00 11/18/1511/17/15P-1A-1+ 575,000.00 40428AR58 1.54 ROYAL BANK OF CANADA NY CD DTD 03/11/2016 1.700% 03/09/2018 577,829.00 575,000.00 2,172.22 575,000.00 03/15/1603/11/16Aa3AA- 575,000.00 78009NZZ2 1.69 21,424.28 4,654,061.76 4,650,000.00 1.34 4,650,000.00 4,650,000.00 Security Type Sub-Total 29,505,000.00 29,678,062.90 1.44 105,955.50 29,641,013.68 29,824,961.73 Managed Account Sub-Total Money Market Fund CAMP Pool 51,284.38 51,284.38 0.00 51,284.38 NRAAAm 51,284.38 51,284.38 51,284.38 0.00 51,284.38 51,284.38 Money Market Sub-Total $29,556,284.38 $29,729,347.28 $105,955.50 $29,692,298.06 $29,876,246.11 1.44% $29,982,201.61 $105,955.50 Total Investments Accrued Interest Securities Sub-Total Page 11 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 1.49 2,796.98 8,592.55 523,502.70 99.71 MERRILL 525,000.00 912828UA6US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 0.82 1.49 1.86 (211.96)(187.59) 299,308.50 99.77 MORGANST 300,000.00 912828K25US TREASURY NOTES DTD 04/15/2015 0.750% 04/15/2018 0.87 1.86 2.12 258.75 (4,853.52) 883,750.00 101.00 BARCLAYS 875,000.00 912828VQ0US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 0.91 2.12 2.46 4,117.96 5,246.67 372,659.56 100.72 CITIGRP 370,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 0.96 2.46 2.76 2,658.55 2,593.80 162,768.80 101.73 CITIGRP 160,000.00 912828C65US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 1.00 2.76 2.76 9,375.48 9,051.94 584,950.38 101.73 MERRILL 575,000.00 912828C65US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 1.00 2.76 2.83 7,225.50 (4,843.69) 530,586.00 106.12 MERRILL 500,000.00 912828KQ2US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 1.02 2.83 3.26 2,094.40 3,035.04 299,132.70 99.71 MERRILL 300,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.09 3.26 3.26 10,751.85 15,741.82 997,109.00 99.71 JPMCHASE 1,000,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.09 3.26 3.23 12,280.65 7,323.98 1,276,708.75 102.14 JPMCHASE 1,250,000.00 912828F39US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 1.10 3.23 3.43 11,247.03 15,667.97 1,045,406.25 99.56 CITIGRP 1,050,000.00 912828UB4US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 1.13 3.43 3.64 5,631.41 6,466.93 551,289.20 100.23 MERRILL 550,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1.19 3.64 3.64 15,246.86 17,070.60 1,152,695.60 100.23 CITIGRP 1,150,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1.19 3.64 3.97 7,081.90 5,974.72 591,823.35 102.93 MERRILL 575,000.00 912828VP2US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 1.28 3.97 4.04 19,206.10 17,637.18 1,085,807.10 103.41 MORGANST 1,050,000.00 912828VV9US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 1.30 4.04 4.24 639.83 (393.65) 855,159.48 101.80 MERRILL 840,000.00 912828WC0US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 1.33 4.24 4.21 (205.88)(243.73) 42,237.52 105.59 HSBC 40,000.00 912828PC8US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 1.33 4.21 Page 12 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 4.30 1,348.86 395.77 694,670.18 102.91 MERRILL 675,000.00 912828A42US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 1.33 4.30 4.31 (972.17)(1,626.14) 392,211.75 104.59 MERRILL 375,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 1.34 4.31 4.36 70.89 62.65 814,406.40 101.80 MORGANST 800,000.00 912828N48US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 1.34 4.36 102,713.30 1.14 3.39 110,642.99 13,156,183.22 12,960,000.00 Security Type Sub-Total 3.39 Municipal Bond / Note 1.92 2,298.75 2,298.75 127,298.75 101.84 GOLDMAN 125,000.00 91412GUV5UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 0.95 1.92 2.70 1,605.00 1,470.15 166,933.80 101.17 VINING 165,000.00 20772JZK1CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 1.54 2.70 3,768.90 1.29 2.36 3,903.75 294,232.55 290,000.00 Security Type Sub-Total 2.36 Federal Agency Collateralized Mortgage Obligation 1.64 (248.18)(829.37) 135,520.14 100.39 GOLDMAN 135,000.00 3136ANJY4FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 1.25 1.69 2.35 137.60 (101.30) 126,148.69 100.92 GOLDMAN 125,000.00 3136AQSW1FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 1.45 1.96 3.01 (1,022.96)(1,482.25) 266,171.43 100.44 MORGANST 265,000.00 3136AQDQ0FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 1.46 2.30 (2,412.92) 1.41 2.50 (1,133.54) 527,840.26 525,000.00 Security Type Sub-Total 2.06 Federal Agency Bond / Note 1.23 294.77 (1,185.60) 800,798.40 100.10 HSBC 800,000.00 3135G0MZ3FANNIE MAE GLOBAL NOTES DTD 07/20/2012 0.875% 08/28/2017 0.79 1.23 1.31 (281.29)(3,980.02) 476,088.23 100.23 JEFFERIE 475,000.00 3137EADL0FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 0.83 1.31 1.95 1,870.73 5,484.40 399,424.40 99.86 CSFB 400,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.95 1.95 Page 13 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Federal Agency Bond / Note 1.95 1,122.56 4,031.33 574,172.58 99.86 BNP PARI 575,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.95 1.95 2.44 5,274.82 5,271.00 355,281.50 101.51 HSBC 350,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 1.01 2.44 2.44 5,780.51 3,493.75 634,431.25 101.51 GOLDMAN 625,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 1.01 2.44 2.68 (347.62)(195.02) 723,093.98 99.74 JPMCHASE 725,000.00 3135G0J53FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 1.10 2.68 2.92 4,150.01 2,764.13 382,024.13 101.87 TD SEC U 375,000.00 3137EADG1FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 1.11 2.92 15,683.97 0.96 2.07 17,864.49 4,345,314.47 4,325,000.00 Security Type Sub-Total 2.07 Corporate Note 0.86 3,654.00 (11,298.00) 703,654.00 100.52 04/15/17BARCLAYS 700,000.00 91159HHD5US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 1.10 0.86 1.02 764.40 897.84 435,693.39 100.16 HSBC 435,000.00 24422ESN0JOHN DEERE CAPITAL CORP NOTES DTD 06/12/2014 1.125% 06/12/2017 0.97 1.02 1.04 (285.86)(42.00) 249,578.00 99.83 HSBC 250,000.00 40434CAA3HSBC USA INC DTD 06/23/2014 1.300% 06/23/2017 1.46 1.04 1.49 (125.10)(125.10) 149,874.90 99.92 11/05/17MORGANST 150,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.16 1.47 1.49 (425.87)(1,092.70) 174,854.05 99.92 11/05/17BARCLAYS 175,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.16 1.47 1.66 942.13 1,692.50 250,547.50 100.22 HSBC 250,000.00 459200HK0IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 1.12 1.66 1.66 3,349.32 3,712.40 403,156.40 100.79 GOLDMAN 400,000.00 084670BH0BERKSHIRE HATHAWAY GLOBAL NOTE DTD 02/11/2013 1.550% 02/09/2018 1.08 1.66 1.90 40.90 737.80 309,593.90 99.87 GOLDMAN 310,000.00 037833AJ9APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 1.07 1.90 2.01 2,571.80 2,571.80 442,571.80 100.58 BARCLAYS 440,000.00 166764AE0CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1.43 2.01 Page 14 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Corporate Note 2.66 4,432.80 3,463.83 276,028.83 102.23 BONY 270,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.66 2.66 4,465.30 3,881.70 306,698.70 102.23 BNP PARI 300,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.66 2.72 267.09 271.60 50,132.60 100.27 03/25/19GOLDMAN 50,000.00 38141GVT8GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 1.91 2.78 2.72 817.93 823.00 250,663.00 100.27 03/25/19MIZUHO 250,000.00 38141GVT8GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 1.91 2.78 3.07 15,004.16 15,360.55 589,296.80 102.49 MERRILL 575,000.00 02665WAH4AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 1.45 3.07 3.24 2,074.83 (7,232.25) 281,850.25 112.74 GOLDMAN 250,000.00 36962G4J0GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 1.83 3.24 3.49 413.79 346.95 75,634.95 100.85 1ST TENN 75,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 1.91 3.49 3.49 1,223.64 553.50 378,174.75 100.85 JEFFERIE 375,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 1.91 3.49 3.61 1,813.23 1,407.20 203,183.20 101.59 HSBC 200,000.00 89236TCF0TOYOTA MOTOR CORP NOTES DTD 03/12/2015 2.150% 03/12/2020 1.71 3.61 3.71 8,386.44 7,971.80 585,829.55 101.88 05/23/20JPMCHASE 575,000.00 46625HLW8JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 2.26 3.77 4.54 (1,198.80)(1,243.20) 305,734.80 101.91 KEYBAN 300,000.00 06406FAA1BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 2.08 4.54 4.63 445.34 445.60 199,981.60 99.99 KEYBAN 200,000.00 0258M0EB1AMERICAN EXPRESS CREDIT CORP NOTES DTD 05/05/2016 2.250% 05/05/2021 2.25 4.63 4.67 (378.51)(377.70) 149,523.30 99.68 SCOTIA 150,000.00 05531FAV5BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 2.12 4.67 4.71 355.64 356.70 75,073.20 100.10 GOLDMAN 75,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.93 4.71 23,083.82 1.52 2.53 48,608.60 6,847,329.47 6,755,000.00 Security Type Sub-Total 2.53 Page 15 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Certificate of Deposit 0.84 (1,164.37)(1,164.37) 573,835.63 99.80 GOLDMAN 575,000.00 13606JYY9CANADIAN IMPERIAL BANK NY YCD DTD 04/10/2015 1.010% 04/06/2017 1.23 0.84 0.89 (253.00)(253.00) 574,747.00 99.96 GOLDMAN 575,000.00 21684BXH2RABOBANK NEDERLAND NV CERT DEPOS DTD 04/27/2015 1.070% 04/21/2017 1.10 0.89 0.98 (385.25)(385.25) 574,614.75 99.93 MERRILL 575,000.00 65558LFA5NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 1.21 0.98 1.03 1,106.25 1,106.25 626,106.25 100.18 TD SEC U 625,000.00 89113ESN7TORONTO DOMINION BANK NY YCD DTD 06/19/2015 1.240% 06/16/2017 1.07 1.03 1.43 1,966.50 1,966.50 576,966.50 100.34 UBS AG 575,000.00 06417GAS7BANK OF NOVA SCOTIA HOUSTON YCD DTD 11/09/2015 1.560% 11/06/2017 1.30 1.43 1.46 (1,078.12)(1,078.12) 573,921.88 99.81 GOLDMAN 575,000.00 83050FBG5SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 0.59 1.46 1.46 1,040.75 1,040.75 576,040.75 100.18 HSBC 575,000.00 40428AR58HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 0.88 1.46 1.76 2,829.00 2,829.00 577,829.00 100.49 RBC CAP 575,000.00 78009NZZ2ROYAL BANK OF CANADA NY CD DTD 03/11/2016 1.700% 03/09/2018 1.40 1.76 4,061.76 1.10 1.23 4,061.76 4,654,061.76 4,650,000.00 Security Type Sub-Total 1.23 29,505,000.00 29,824,961.73 146,898.83 183,948.05 2.64 1.20 Managed Account Sub-Total 2.63 Money Market Fund 0.00 0.00 0.00 51,284.38 1.00 51,284.38 CAMP Pool 0.00 51,284.38 51,284.38 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $29,982,201.61 $105,955.50 $29,876,246.11 Accrued Interest Securities Sub-Total $29,556,284.38 $146,898.83 $183,948.05 2.64 1.20% 2.63 Page 16 For the Month Ending May 31, 2016Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method BUY 05/06/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 (557,566.41)(6,549.88)(564,116.29) 525,000.00 05/03/16 05/16/16 BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 (149,901.00)(51.25)(149,952.25) 150,000.00 05/10/16 05/19/16 BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 06406FAA1 (306,978.00)(1,875.00)(308,853.00) 300,000.00 05/16/16 05/24/16 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 (74,716.50)(20.31)(74,736.81) 75,000.00 05/19/16 05/31/16 AMERICAN EXPRESS CREDIT CORP NOTES DTD 05/05/2016 2.250% 05/05/2021 0258M0EB1 (199,536.00)(325.00)(199,861.00) 200,000.00 05/25/16 05/31/16 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 912828N48 (814,343.75)(5,846.15)(820,189.90) 800,000.00 05/27/16 (14,667.59) (2,117,709.25)(2,103,041.66) 2,050,000.00 Transaction Type Sub-Total INTEREST 05/25/16 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 3136AQSW1 0.00 197.72 197.72 125,000.00 05/01/16 05/25/16 FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 3136ANJY4 0.00 174.38 174.38 135,000.00 05/01/16 05/25/16 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 3136AQDQ0 0.00 363.49 363.49 265,000.00 05/01/16 05/03/16 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 037833AJ9 0.00 1,550.00 1,550.00 310,000.00 05/03/16 05/06/16 BANK OF NOVA SCOTIA HOUSTON YCD DTD 11/09/2015 1.560% 11/06/2017 06417GAS7 0.00 4,410.25 4,410.25 575,000.00 05/06/16 05/15/16 US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 912828KQ2 0.00 7,812.50 7,812.50 500,000.00 05/15/16 05/15/16 US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 91159HHD5 0.00 5,775.00 5,775.00 700,000.00 05/15/16 05/15/16 UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 91412GUV5 0.00 1,190.00 1,190.00 125,000.00 05/15/16 Page 17 For the Month Ending May 31, 2016Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 05/15/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 0.00 6,890.62 6,890.62 525,000.00 05/15/16 05/21/16 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 1,750.00 1,750.00 400,000.00 05/21/16 05/21/16 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 2,515.62 2,515.62 575,000.00 05/21/16 05/26/16 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 65558LFA5 0.00 3,324.63 3,324.63 575,000.00 05/26/16 05/27/16 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 3135G0YT4 0.00 5,078.13 5,078.13 625,000.00 05/27/16 05/27/16 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 3135G0YT4 0.00 2,843.75 2,843.75 350,000.00 05/27/16 05/30/16 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 3137EADG1 0.00 3,281.25 3,281.25 375,000.00 05/30/16 05/31/16 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 912828UA6 0.00 1,640.62 1,640.62 525,000.00 05/31/16 05/31/16 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 912828A42 0.00 6,750.00 6,750.00 675,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828UB4 0.00 5,250.00 5,250.00 1,050,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 912828A34 0.00 2,312.50 2,312.50 370,000.00 05/31/16 63,110.46 63,110.46 0.00 8,780,000.00 Transaction Type Sub-Total SELL 05/06/16 WAL-MART STORES INC SR NOTES DTD 04/05/2007 5.375% 04/05/2017 931142CG6 490,130.10 2,175.38 492,305.48 (61,692.20) 4,603.54 SPEC LOT 470,000.00 05/03/16 05/16/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 148,914.06 9.99 148,924.05 229.68 280.69 SPEC LOT 140,000.00 05/10/16 05/19/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 291,865.23 78.46 291,943.69 (193.36)(63.17)SPEC LOT 275,000.00 05/16/16 05/24/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 73,901.95 44.94 73,946.89 (440.24)(394.37)SPEC LOT 70,000.00 05/19/16 Page 18 For the Month Ending May 31, 2016Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method SELL 05/31/16 AMERICAN EXPRESS CREDIT CORP NOTES DTD 09/23/2014 1.550% 09/22/2017 0258M0DR7 200,304.00 594.17 200,898.17 572.00 422.53 SPEC LOT 200,000.00 05/25/16 05/31/16 FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 3137EADH9 480,979.20 2,026.67 483,005.87 417.60 766.69 SPEC LOT 480,000.00 05/27/16 05/31/16 US TREASURY NOTES DTD 07/02/2012 0.750% 06/30/2017 912828TB6 325,076.17 1,017.86 326,094.03 228.51 177.72 SPEC LOT 325,000.00 05/27/16 5,947.47 5,793.63 (60,878.01) 2,017,118.18 2,011,170.71 1,960,000.00 Transaction Type Sub-Total (91,870.95) 54,390.34 (37,480.61) (60,878.01) 5,793.63 Managed Account Sub-Total Total Security Transactions ($60,878.01)($37,480.61)$54,390.34 ($91,870.95)$5,793.63 Page 19 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 83,859.97 Opening Balance 05/02/16 05/02/16 Purchase - Interest 912828WC0 1.00 7,350.00 91,209.97 05/03/16 05/03/16 Purchase - Interest 037833AJ9 1.00 1,550.00 92,759.97 05/06/16 05/06/16 Purchase - Interest 06417GAS7 1.00 4,410.25 97,170.22 05/06/16 05/06/16 Purchase - Interest 931142CG6 1.00 2,175.38 99,345.60 05/06/16 05/06/16 Purchase - Principal 931142CG6 1.00 490,130.10 589,475.70 05/06/16 05/06/16 Redemption - Principal 912828PC8 1.00 (557,566.41) 31,909.29 05/06/16 05/06/16 Redemption - Interest 912828PC8 1.00 (6,549.88) 25,359.41 05/16/16 05/16/16 Purchase - Interest 91159HHD5 1.00 5,775.00 31,134.41 05/16/16 05/16/16 Purchase - Interest 912828KQ2 1.00 7,812.50 38,946.91 05/16/16 05/16/16 Purchase - Interest 91412GUV5 1.00 1,190.00 40,136.91 05/16/16 05/16/16 Purchase - Interest 912828PC8 1.00 6,890.62 47,027.53 05/16/16 05/16/16 Purchase - Interest 912828PC8 1.00 9.99 47,037.52 05/16/16 05/16/16 Purchase - Principal 912828PC8 1.00 148,914.06 195,951.58 05/16/16 05/16/16 Redemption - Principal 05531FAV5 1.00 (149,901.00) 46,050.58 05/16/16 05/16/16 Redemption - Interest 05531FAV5 1.00 (51.25) 45,999.33 05/19/16 05/19/16 Purchase - Interest 912828PC8 1.00 78.46 46,077.79 05/19/16 05/19/16 Purchase - Principal 912828PC8 1.00 291,865.23 337,943.02 05/19/16 05/19/16 Redemption - Principal 06406FAA1 1.00 (306,978.00) 30,965.02 05/19/16 05/19/16 Redemption - Interest 06406FAA1 1.00 (1,875.00) 29,090.02 05/23/16 05/23/16 Purchase - Interest 3135G0WJ8 1.00 1,750.00 30,840.02 05/23/16 05/23/16 Purchase - Interest 3135G0WJ8 1.00 2,515.62 33,355.64 Page 20 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 05/24/16 05/24/16 Purchase - Interest 912828PC8 1.00 44.94 33,400.58 05/24/16 05/24/16 Purchase - Principal 912828PC8 1.00 73,901.95 107,302.53 05/24/16 05/24/16 Redemption - Principal 857477AV5 1.00 (74,716.50) 32,586.03 05/24/16 05/24/16 Redemption - Interest 857477AV5 1.00 (20.31) 32,565.72 05/25/16 05/25/16 Purchase - Interest 3136AQDQ0 1.00 363.49 32,929.21 05/25/16 05/25/16 Purchase - Interest 3136ANJY4 1.00 174.38 33,103.59 05/25/16 05/25/16 Purchase - Interest 3136AQSW1 1.00 197.72 33,301.31 05/25/16 05/25/16 IP Fees April 2016 1.00 (2,250.46) 31,050.85 05/25/16 05/25/16 U.S. Bank Fees March 2016 1.00 (211.92) 30,838.93 05/26/16 05/26/16 Purchase - Interest 65558LFA5 1.00 3,324.63 34,163.56 05/27/16 05/27/16 Purchase - Interest 3135G0YT4 1.00 2,843.75 37,007.31 05/27/16 05/27/16 Purchase - Interest 3135G0YT4 1.00 5,078.13 42,085.44 05/31/16 05/31/16 Purchase - Interest 3137EADG1 1.00 3,281.25 45,366.69 05/31/16 05/31/16 Purchase - Interest 912828A34 1.00 2,312.50 47,679.19 05/31/16 05/31/16 Purchase - Interest 912828A42 1.00 6,750.00 54,429.19 05/31/16 05/31/16 Purchase - Interest 912828UB4 1.00 5,250.00 59,679.19 05/31/16 05/31/16 Purchase - Interest 912828UA6 1.00 1,640.62 61,319.81 05/31/16 05/31/16 Purchase - Interest 912828TB6 1.00 1,017.86 62,337.67 05/31/16 05/31/16 Purchase - Principal 912828TB6 1.00 325,076.17 387,413.84 05/31/16 05/31/16 Purchase - Interest 3137EADH9 1.00 2,026.67 389,440.51 05/31/16 05/31/16 Purchase - Principal 3137EADH9 1.00 480,979.20 870,419.71 05/31/16 05/31/16 Purchase - Interest 0258M0DR7 1.00 594.17 871,013.88 Page 21 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 05/31/16 05/31/16 Purchase - Principal 0258M0DR7 1.00 200,304.00 1,071,317.88 05/31/16 05/31/16 Redemption - Interest 0258M0EB1 1.00 (325.00) 1,070,992.88 05/31/16 05/31/16 Redemption - Principal 0258M0EB1 1.00 (199,536.00) 871,456.88 05/31/16 05/31/16 Redemption - Interest 912828N48 1.00 (5,846.15) 865,610.73 05/31/16 05/31/16 Redemption - Principal 912828N48 1.00 (814,343.75) 51,266.98 05/31/16 06/01/16 Accrual Income Div Reinvestment - Distributions 1.00 17.40 51,284.38 51,284.38 51,284.38 51,284.38 42,317.81 88.63 0.00 (5,981,377.42) 6,009,674.34 22,987.46 17.40 51,284.38 0.00 (2,120,171.63) 2,087,596.04 83,859.97 Monthly Distribution Yield Average Monthly Balance Closing Balance Fiscal YTDMonth of Cash Dividends and Income Closing Balance Check Disbursements Redemptions (Excl. Checks) Purchases Opening Balance Closing Balance May January-May 0.49% Page 22 Housing Funds CAMP Account For the Month Ending May 31, 2016Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 12,629.69 314,369.71 (310,526.85) 0.00 $16,472.55 CAMP Pool Unsettled Trades 0.00 5.22 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 5,060,902.33 307,931.55 (303,672.74) (10,778.44) $5,054,382.70 CAMP Managed Account Unsettled Trades 0.00 6,270.38 Cash Dividends and Income May 31, 2016 April 30, 2016 Asset Summary CAMP Pool 16,472.55 12,629.69 CAMP Managed Account 5,054,382.70 5,060,902.33 $5,070,855.25 $5,073,532.02 Total Asset Allocation 0.33% CAMP Pool 99.67% CAMP Managed Account Page 1 For the Month Ending May 31, 2016Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dividend Closing Market Value Redemptions Purchases Opening Market Value Closing Market Value Change in Current Value Unsettled Trades Principal Acquisitions Principal Dispositions Maturities/Calls Opening Market Value Closing Market Value Opening Market Value Account Total Total Cash Basis Earnings Plus Net Realized Gains/Losses Less Purchased Interest Related to Interest/Coupons Interest/Dividends/Coupons Received Earnings Reconciliation (Cash Basis) - Managed Account Dividends Less Beginning Accrued Interest Less Beginning Amortized Value of Securities Less Cost of New Purchases Plus Coupons/Dividends Received Plus Proceeds of Maturities/Calls/Principal Payments Plus Proceeds from Sales Ending Accrued Interest Ending Amortized Value of Securities Earnings Reconciliation (Accrual Basis) Reconciling Transactions Net Cash Contribution Security Purchases Principal Payments Coupon/Interest/Dividend Income Sale Proceeds Maturities/Calls Cash Transactions Summary- Managed Account $12,629.69 314,369.71 (310,526.85) $16,472.55 5.22 $5,060,902.33 0.00 (303,672.74) 307,931.55 0.00 (10,778.44) $5,054,382.70 $5,073,532.02 $5,070,855.25 8,723.00 (2,176.97) (275.65) $6,270.38 0.00 303,993.36 8,402.38 0.00 (310,108.52) (2,287.22) 0.00 Managed Account Total 5,028,558.48 5,045,031.03 17,066.93 303,993.36 0.00 8,402.38 (310,108.52) (5,024,393.83) (17,528.65) 0.00 17,066.93 614,520.21 0.00 8,402.38 (624,478.23) (5,037,023.52) (17,528.65) 5.22 Total Accrual Basis Earnings $5,990.15 $5,995.37 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending May 31, 2016Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 2,395,000.00 2,425,773.23 47.84 Municipal Bond / Note 30,000.00 30,351.60 0.60 Federal Agency Collateralized Mortgage Obligation 95,000.00 95,524.98 1.88 Federal Agency Bond / Note 830,000.00 831,706.29 16.40 Corporate Note 1,260,000.00 1,270,608.10 25.06 Certificate of Deposit 400,000.00 400,418.50 7.90 Managed Account Sub-Total 5,010,000.00 5,054,382.70 99.68% Accrued Interest 17,066.93 Total Portfolio 5,010,000.00 5,071,449.63 CAMP Pool 16,472.55 16,472.55 0.32 Total Investments 5,026,472.55 5,087,922.18 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 7.90% Cert of Deposit 25.06% Corporate Note 1.88% Fed Agency CMO 16.40% Fed Agy Bond / Note 0.32% Mny Mkt Fund 0.60% Muni Bond / Note 47.84% US TSY Bond / Note 0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years 0.32% 6.92% 32.65% 15.63% 24.73% 19.75% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.63 994 1.38% 1.18% Page 3 For the Month Ending May 31, 2016Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Credit Quality (S&P Ratings) 6.96% A 4.50% A+ 2.50% A- 1.97% A-1 1.98% A-1+ 67.20% AA+ 13.58% AA- 0.32% AAAm 0.99% BBB+ Issuer Summary Percentof HoldingsIssuer Market Value 102,486.40 2.02 AMERICAN HONDA FINANCE 54,927.95 1.08 APPLE INC 151,325.20 2.98 BANK OF NEW YORK CO INC 24,920.55 0.49 BB&T CORPORTATION 16,472.55 0.32 CAMP Pool 255,321.65 5.04 CHEVRON CORP 102,232.90 2.02 CISCO SYSTEMS INC 601,483.39 11.86 FANNIE MAE 325,747.88 6.42 FREDDIE MAC 50,132.60 0.99 GOLDMAN SACHS GROUP INC 100,181.00 1.98 HSBC HOLDINGS PLC 100,219.00 1.98 IBM CORP 101,883.40 2.01 JP MORGAN CHASE & CO 99,933.00 1.97 NORDEA BANK AB 100,492.00 1.98 ROYAL BANK OF CANADA 99,812.50 1.97 SKANDINAVISKA ENSKIDA BANKEN AB 30,351.60 0.60 STATE OF CONNECTICUT 25,024.40 0.49 STATE STREET CORPORATION 2,425,773.23 47.84 UNITED STATES TREASURY 125,652.50 2.48 US BANCORP 176,481.55 3.48 WELLS FARGO & COMPANY $5,070,855.25 Total 100.00% Page 4 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 04/30/2012 0.875% 04/30/2017 125,183.13 125,282.84 95.11 125,688.47 02/05/1502/04/15AaaAA+ 125,000.00 912828SS0 0.63 US TREASURY NOTES DTD 10/01/2012 0.625% 09/30/2017 99,777.30 99,840.37 105.87 99,417.97 10/31/1210/26/12AaaAA+ 100,000.00 912828TS9 0.75 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 149,572.20 148,773.06 2.56 147,117.19 05/09/1405/06/14AaaAA+ 150,000.00 912828UA6 1.18 US TREASURY NOTES DTD 05/31/2013 1.000% 05/31/2018 50,111.35 49,980.71 1.37 49,978.52 03/15/1603/11/16AaaAA+ 50,000.00 912828VE7 1.02 US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 101,000.00 100,970.43 460.85 101,554.69 02/04/1502/02/15AaaAA+ 100,000.00 912828VQ0 0.92 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 95,682.86 94,625.55 3.24 94,335.74 06/03/1406/02/14AaaAA+ 95,000.00 912828A34 1.41 US TREASURY NOTES DTD 01/31/2014 1.500% 01/31/2019 50,681.65 49,860.37 251.37 49,767.58 07/31/1407/29/14AaaAA+ 50,000.00 912828B33 1.61 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 25,432.63 25,017.23 68.82 25,027.34 09/04/1409/02/14AaaAA+ 25,000.00 912828C65 1.60 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 74,783.18 74,259.57 127.05 74,024.41 04/30/1504/28/15AaaAA+ 75,000.00 912828TR1 1.30 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 174,494.08 172,612.50 296.45 171,739.26 02/27/1502/26/15AaaAA+ 175,000.00 912828TR1 1.42 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 255,341.75 252,885.62 741.12 253,876.95 03/27/1503/26/15AaaAA+ 250,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 149,343.75 147,737.03 4.10 147,105.47 05/29/1505/28/15AaaAA+ 150,000.00 912828UB4 1.44 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 125,293.00 123,635.73 394.87 123,437.50 11/09/1511/05/15AaaAA+ 125,000.00 912828UQ1 1.55 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 150,351.60 149,639.10 473.85 149,578.13 10/09/1510/08/15AaaAA+ 150,000.00 912828UQ1 1.32 Page 5 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 77,194.35 76,270.63 502.75 76,415.04 12/04/1512/01/15AaaAA+ 75,000.00 912828VP2 1.58 US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 180,967.85 177,766.83 939.79 178,028.32 12/30/1512/28/15AaaAA+ 175,000.00 912828VV9 1.74 US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 101,804.70 101,728.53 152.17 101,851.56 02/03/1602/01/16AaaAA+ 100,000.00 912828WC0 1.35 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 26,398.45 26,527.12 30.32 26,550.78 05/06/1605/03/16AaaAA+ 25,000.00 912828PC8 1.21 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 154,371.15 154,071.40 8.20 154,283.20 03/04/1603/02/16AaaAA+ 150,000.00 912828A42 1.38 US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 130,737.25 131,061.31 1,247.85 131,279.30 03/31/1603/30/16AaaAA+ 125,000.00 912828A83 1.28 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 127,251.00 127,239.92 919.47 127,241.21 05/31/1605/27/16AaaAA+ 125,000.00 912828N48 1.35 6,827.18 2,425,773.23 2,409,785.85 1.32 2,408,298.63 2,395,000.00 Security Type Sub-Total Municipal Bond / Note CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 30,351.60 30,059.78 125.02 30,084.30 03/25/1503/16/15Aa3AA- 30,000.00 20772JZK1 1.90 125.02 30,351.60 30,059.78 1.90 30,084.30 30,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 25,096.32 25,142.28 32.29 25,249.91 04/30/1504/15/15AaaAA+ 25,000.00 3136ANJY4 0.83 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 25,229.74 25,202.22 39.54 25,250.00 11/30/1511/06/15AaaAA+ 25,000.00 3136AQSW1 1.20 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 45,198.92 45,372.64 61.73 45,450.63 10/30/1510/07/15AaaAA+ 45,000.00 3136AQDQ0 1.08 Page 6 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par 133.56 95,524.98 95,717.14 1.05 95,950.54 95,000.00 Security Type Sub-Total Federal Agency Bond / Note FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 30,069.39 30,010.84 126.67 30,028.62 08/13/1408/11/14AaaAA+ 30,000.00 3137EADH9 0.97 FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 120,277.56 120,053.13 506.67 120,140.40 08/13/1408/11/14AaaAA+ 120,000.00 3137EADH9 0.96 FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 175,400.93 175,504.56 301.39 176,867.25 10/05/1210/04/12AaaAA+ 175,000.00 3137EADL0 0.78 FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 50,026.35 49,859.07 42.53 49,613.50 12/03/1311/27/13AaaAA+ 50,000.00 3135G0PQ0 1.08 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 99,856.10 99,388.42 24.31 98,485.00 05/31/1305/24/13AaaAA+ 100,000.00 3135G0WJ8 1.19 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 124,820.13 124,576.09 30.38 123,943.75 05/24/1305/22/13AaaAA+ 125,000.00 3135G0WJ8 1.05 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 106,584.45 105,613.32 18.96 105,997.50 10/23/1410/22/14AaaAA+ 105,000.00 3135G0YT4 1.39 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 124,671.38 124,731.31 329.86 124,705.00 02/23/1602/19/16AaaAA+ 125,000.00 3135G0J53 1.08 1,380.77 831,706.29 829,736.74 1.04 829,781.02 830,000.00 Security Type Sub-Total Corporate Note US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 125,652.50 125,506.25 91.67 127,670.00 07/30/1207/25/12A1A+ 125,000.00 91159HHD5 1.19 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 74,937.45 75,119.96 404.80 75,405.75 12/05/1211/29/12Aa2AA- 75,000.00 166764AA8 0.99 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 99,916.60 100,000.00 539.73 100,000.00 12/05/1211/28/12Aa2AA- 100,000.00 166764AA8 1.10 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 100,219.00 99,842.15 392.36 99,542.00 02/08/1302/05/13Aa3AA- 100,000.00 459200HK0 1.35 Page 7 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 100,369.40 99,989.55 318.75 99,971.00 03/06/1303/04/13A1A 100,000.00 06406HCJ6 1.36 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 54,927.95 54,920.69 42.78 54,797.05 05/03/1304/30/13Aa1AA+ 55,000.00 037833AJ9 1.08 CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 80,467.60 80,000.00 599.39 80,000.00 06/24/1306/17/13Aa2AA- 80,000.00 166764AE0 1.72 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 51,116.45 50,295.56 265.63 50,475.00 09/04/1408/29/14A1AA- 50,000.00 17275RAR3 1.90 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 51,116.45 50,372.23 265.63 50,469.50 09/04/1509/01/15A1AA- 50,000.00 17275RAR3 1.85 GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 50,132.60 49,969.01 100.00 49,968.00 04/26/1604/21/16A3BBB+ 50,000.00 38141GVT8 2.02 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 102,486.40 99,876.98 662.50 99,815.00 09/09/1409/04/14A1A+ 100,000.00 02665WAH4 2.29 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 176,481.55 175,910.52 1,264.62 176,223.25 02/05/1502/02/15A2A 175,000.00 94974BGF1 2.00 JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 101,883.40 100,424.89 1,206.94 100,497.00 09/04/1509/01/15A3A- 100,000.00 46625HLW8 2.64 BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 50,955.80 51,141.69 354.17 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 24,920.55 24,983.64 29.90 24,983.50 05/16/1605/10/16A2A- 25,000.00 05531FAV5 2.06 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,024.40 24,905.85 16.25 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 6,555.12 1,270,608.10 1,263,258.97 1.70 1,265,871.55 1,260,000.00 Security Type Sub-Total Certificate of Deposit Page 8 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Certificate of Deposit NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 99,933.00 100,000.00 19.17 100,000.00 05/29/1505/27/15Aa3AA- 100,000.00 65558LFA5 1.15 SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 99,812.50 100,000.00 809.89 100,000.00 11/17/1511/16/15P-1A-1 100,000.00 83050FBG5 1.48 HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 100,181.00 100,000.00 838.44 100,000.00 11/18/1511/17/15P-1A-1+ 100,000.00 40428AR58 1.54 ROYAL BANK OF CANADA NY CD DTD 03/11/2016 1.700% 03/09/2018 100,492.00 100,000.00 377.78 100,000.00 03/15/1603/11/16Aa3AA- 100,000.00 78009NZZ2 1.69 2,045.28 400,418.50 400,000.00 1.46 400,000.00 400,000.00 Security Type Sub-Total 5,010,000.00 5,029,986.04 1.38 17,066.93 5,028,558.48 5,054,382.70 Managed Account Sub-Total Money Market Fund CAMP Pool 16,472.55 16,472.55 0.00 16,472.55 NRAAAm 16,472.55 16,472.55 16,472.55 0.00 16,472.55 16,472.55 Money Market Sub-Total $5,026,472.55 $5,046,458.59 $17,066.93 $5,045,031.03 $5,070,855.25 1.38% $5,087,922.18 $17,066.93 Total Investments Accrued Interest Securities Sub-Total Page 9 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 0.91 (99.71)(505.34) 125,183.13 100.15 CITIGRP 125,000.00 912828SS0US TREASURY NOTES DTD 04/30/2012 0.875% 04/30/2017 0.71 0.91 1.32 (63.07) 359.33 99,777.30 99.78 CITIGRP 100,000.00 912828TS9US TREASURY NOTES DTD 10/01/2012 0.625% 09/30/2017 0.79 1.32 1.49 799.14 2,455.01 149,572.20 99.71 MERRILL 150,000.00 912828UA6US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 0.82 1.49 1.98 130.64 132.83 50,111.35 100.22 MERRILL 50,000.00 912828VE7US TREASURY NOTES DTD 05/31/2013 1.000% 05/31/2018 0.89 1.98 2.12 29.57 (554.69) 101,000.00 101.00 BARCLAYS 100,000.00 912828VQ0US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 0.91 2.12 2.46 1,057.31 1,347.12 95,682.86 100.72 CITIGRP 95,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 0.96 2.46 2.60 821.28 914.07 50,681.65 101.36 BARCLAYS 50,000.00 912828B33US TREASURY NOTES DTD 01/31/2014 1.500% 01/31/2019 0.98 2.60 2.76 415.40 405.29 25,432.63 101.73 CITIGRP 25,000.00 912828C65US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 1.00 2.76 3.26 523.61 758.77 74,783.18 99.71 MERRILL 75,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.09 3.26 3.26 1,881.58 2,754.82 174,494.08 99.71 JPMCHASE 175,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.09 3.26 3.23 2,456.13 1,464.80 255,341.75 102.14 JPMCHASE 250,000.00 912828F39US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 1.10 3.23 3.43 1,606.72 2,238.28 149,343.75 99.56 CITIGRP 150,000.00 912828UB4US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 1.13 3.43 3.64 1,657.27 1,855.50 125,293.00 100.23 CITIGRP 125,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1.19 3.64 3.64 712.50 773.47 150,351.60 100.23 MORGANST 150,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1.19 3.64 3.97 923.72 779.31 77,194.35 102.93 MERRILL 75,000.00 912828VP2US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 1.28 3.97 4.04 3,201.02 2,939.53 180,967.85 103.41 MORGANST 175,000.00 912828VV9US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 1.30 4.04 4.24 76.17 (46.86) 101,804.70 101.80 MERRILL 100,000.00 912828WC0US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 1.33 4.24 Page 10 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 4.21 (128.67)(152.33) 26,398.45 105.59 HSBC 25,000.00 912828PC8US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 1.33 4.21 4.30 299.75 87.95 154,371.15 102.91 MERRILL 150,000.00 912828A42US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 1.33 4.30 4.31 (324.06)(542.05) 130,737.25 104.59 MERRILL 125,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 1.34 4.31 4.36 11.08 9.79 127,251.00 101.80 MORGANST 125,000.00 912828N48US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 1.34 4.36 17,474.60 1.11 3.19 15,987.38 2,425,773.23 2,395,000.00 Security Type Sub-Total 3.19 Municipal Bond / Note 2.70 291.82 267.30 30,351.60 101.17 VINING 30,000.00 20772JZK1CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 1.54 2.70 267.30 1.54 2.70 291.82 30,351.60 30,000.00 Security Type Sub-Total 2.70 Federal Agency Collateralized Mortgage Obligation 1.64 (45.96)(153.59) 25,096.32 100.39 GOLDMAN 25,000.00 3136ANJY4FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 1.25 1.69 2.35 27.52 (20.26) 25,229.74 100.92 GOLDMAN 25,000.00 3136AQSW1FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 1.45 1.96 3.01 (173.72)(251.71) 45,198.92 100.44 MORGANST 45,000.00 3136AQDQ0FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 1.46 2.30 (425.56) 1.41 2.48 (192.16) 95,524.98 95,000.00 Security Type Sub-Total 2.05 Federal Agency Bond / Note 1.07 58.55 40.77 30,069.39 100.23 JPMCHASE 30,000.00 3137EADH9FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 0.78 1.07 1.07 224.43 137.16 120,277.56 100.23 BNP PARI 120,000.00 3137EADH9FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 0.78 1.07 1.31 (103.63)(1,466.32) 175,400.93 100.23 JEFFERIE 175,000.00 3137EADL0FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 0.83 1.31 Page 11 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration Federal Agency Bond / Note 1.39 167.28 412.85 50,026.35 100.05 SOC GEN 50,000.00 3135G0PQ0FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 0.84 1.39 1.95 467.68 1,371.10 99,856.10 99.86 CSFB 100,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.95 1.95 1.95 244.04 876.38 124,820.13 99.86 BNP PARI 125,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.95 1.95 2.44 971.13 586.95 106,584.45 101.51 GOLDMAN 105,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 1.01 2.44 2.68 (59.93)(33.62) 124,671.38 99.74 JPMCHASE 125,000.00 3135G0J53FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 1.10 2.68 1,925.27 0.92 1.80 1,969.55 831,706.29 830,000.00 Security Type Sub-Total 1.80 Corporate Note 0.86 146.25 (2,017.50) 125,652.50 100.52 04/15/17BARCLAYS 125,000.00 91159HHD5US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 1.10 0.86 1.49 (182.51)(468.30) 74,937.45 99.92 11/05/17BARCLAYS 75,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.16 1.47 1.49 (83.40)(83.40) 99,916.60 99.92 11/05/17MORGANST 100,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.16 1.47 1.66 376.85 677.00 100,219.00 100.22 HSBC 100,000.00 459200HK0IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 1.12 1.66 1.73 379.85 398.40 100,369.40 100.37 GOLDMAN 100,000.00 06406HCJ6BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 1.14 1.70 1.90 7.26 130.90 54,927.95 99.87 GOLDMAN 55,000.00 037833AJ9APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 1.07 1.90 2.01 467.60 467.60 80,467.60 100.58 BARCLAYS 80,000.00 166764AE0CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1.43 2.01 2.66 820.89 641.45 51,116.45 102.23 BONY 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.66 2.66 744.22 646.95 51,116.45 102.23 BNP PARI 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.66 Page 12 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration Corporate Note 2.72 163.59 164.60 50,132.60 100.27 03/25/19MIZUHO 50,000.00 38141GVT8GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 1.91 2.78 3.07 2,609.42 2,671.40 102,486.40 102.49 MERRILL 100,000.00 02665WAH4AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 1.45 3.07 3.49 571.03 258.30 176,481.55 100.85 JEFFERIE 175,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 1.91 3.49 3.71 1,458.51 1,386.40 101,883.40 101.88 05/23/20JPMCHASE 100,000.00 46625HLW8JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 2.26 3.77 4.54 (185.89)(193.20) 50,955.80 101.91 KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 2.08 4.54 4.67 (63.09)(62.95) 24,920.55 99.68 SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 2.12 4.67 4.71 118.55 118.90 25,024.40 100.10 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.93 4.71 4,736.55 1.49 2.48 7,349.13 1,270,608.10 1,260,000.00 Security Type Sub-Total 2.49 Certificate of Deposit 0.98 (67.00)(67.00) 99,933.00 99.93 MERRILL 100,000.00 65558LFA5NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 1.21 0.98 1.46 (187.50)(187.50) 99,812.50 99.81 GOLDMAN 100,000.00 83050FBG5SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 0.59 1.46 1.46 181.00 181.00 100,181.00 100.18 HSBC 100,000.00 40428AR58HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 0.88 1.46 1.76 492.00 492.00 100,492.00 100.49 RBC CAP 100,000.00 78009NZZ2ROYAL BANK OF CANADA NY CD DTD 03/11/2016 1.700% 03/09/2018 1.40 1.76 418.50 1.02 1.42 418.50 400,418.50 400,000.00 Security Type Sub-Total 1.42 5,010,000.00 5,054,382.70 24,396.66 25,824.22 2.63 1.18 Managed Account Sub-Total 2.62 Page 13 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Security Type/Description Next Call Market YTMEffective Duration Money Market Fund 0.00 0.00 0.00 16,472.55 1.00 16,472.55 CAMP Pool 0.00 16,472.55 16,472.55 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $5,087,922.18 $17,066.93 $5,070,855.25 Accrued Interest Securities Sub-Total $5,026,472.55 $24,396.66 $25,824.22 2.63 1.18% 2.62 Page 14 For the Month Ending May 31, 2016Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method BUY 05/06/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 (79,652.34)(935.70)(80,588.04) 75,000.00 05/03/16 05/16/16 BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 (24,983.50)(8.54)(24,992.04) 25,000.00 05/10/16 05/19/16 BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 06406FAA1 (51,149.00)(312.50)(51,461.50) 50,000.00 05/16/16 05/24/16 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 (24,905.50)(6.77)(24,912.27) 25,000.00 05/19/16 05/31/16 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 912828N48 (127,241.21)(913.46)(128,154.67) 125,000.00 05/27/16 (2,176.97) (310,108.52)(307,931.55) 300,000.00 Transaction Type Sub-Total INTEREST 05/25/16 FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 3136ANJY4 0.00 32.29 32.29 25,000.00 05/01/16 05/25/16 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 3136AQDQ0 0.00 61.73 61.73 45,000.00 05/01/16 05/25/16 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 3136AQSW1 0.00 39.54 39.54 25,000.00 05/01/16 05/03/16 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 037833AJ9 0.00 275.00 275.00 55,000.00 05/03/16 05/15/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 0.00 984.38 984.38 75,000.00 05/15/16 05/15/16 US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 91159HHD5 0.00 1,031.25 1,031.25 125,000.00 05/15/16 05/21/16 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 546.88 546.88 125,000.00 05/21/16 05/21/16 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 437.50 437.50 100,000.00 05/21/16 05/26/16 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 65558LFA5 0.00 578.19 578.19 100,000.00 05/26/16 05/27/16 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 3135G0YT4 0.00 853.12 853.12 105,000.00 05/27/16 Page 15 For the Month Ending May 31, 2016Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 05/31/16 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828UB4 0.00 750.00 750.00 150,000.00 05/31/16 05/31/16 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 912828A42 0.00 1,500.00 1,500.00 150,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 912828UA6 0.00 468.75 468.75 150,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 912828A34 0.00 593.75 593.75 95,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 05/31/2013 1.000% 05/31/2018 912828VE7 0.00 250.00 250.00 50,000.00 05/31/16 8,402.38 8,402.38 0.00 1,375,000.00 Transaction Type Sub-Total SELL 05/06/16 US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 912828SM3 75,295.90 73.77 75,369.67 123.05 243.91 SPEC LOT 75,000.00 05/03/16 05/16/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 26,591.80 1.78 26,593.58 41.02 50.13 SPEC LOT 25,000.00 05/10/16 05/19/16 BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 06406HCJ6 50,162.00 136.88 50,298.88 176.50 167.32 SPEC LOT 50,000.00 05/16/16 05/24/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 26,393.55 16.05 26,409.60 (157.23)(140.85)SPEC LOT 25,000.00 05/19/16 05/31/16 US TREASURY NOTES DTD 04/30/2012 0.875% 04/30/2017 912828SS0 125,229.49 92.14 125,321.63 (458.99)(54.19)SPEC LOT 125,000.00 05/27/16 320.62 266.32 (275.65) 303,993.36 303,672.74 300,000.00 Transaction Type Sub-Total (4,258.81) 6,546.03 2,287.22 (275.65) 266.32 Managed Account Sub-Total Total Security Transactions ($275.65)$2,287.22 $6,546.03 ($4,258.81)$266.32 Page 16 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 12,629.69 Opening Balance 05/02/16 05/02/16 Purchase - Interest 912828SS0 1.00 1,093.75 13,723.44 05/02/16 05/02/16 Purchase - Interest 912828WC0 1.00 875.00 14,598.44 05/03/16 05/03/16 Purchase - Interest 037833AJ9 1.00 275.00 14,873.44 05/06/16 05/06/16 Purchase - Interest 912828SM3 1.00 73.77 14,947.21 05/06/16 05/06/16 Purchase - Principal 912828SM3 1.00 75,295.90 90,243.11 05/06/16 05/06/16 Redemption - Principal 912828PC8 1.00 (79,652.34) 10,590.77 05/06/16 05/06/16 Redemption - Interest 912828PC8 1.00 (935.70) 9,655.07 05/16/16 05/16/16 Purchase - Interest 91159HHD5 1.00 1,031.25 10,686.32 05/16/16 05/16/16 Purchase - Interest 912828PC8 1.00 984.38 11,670.70 05/16/16 05/16/16 Purchase - Interest 912828PC8 1.00 1.78 11,672.48 05/16/16 05/16/16 Purchase - Principal 912828PC8 1.00 26,591.80 38,264.28 05/16/16 05/16/16 Redemption - Principal 05531FAV5 1.00 (24,983.50) 13,280.78 05/16/16 05/16/16 Redemption - Interest 05531FAV5 1.00 (8.54) 13,272.24 05/19/16 05/19/16 Purchase - Interest 06406HCJ6 1.00 136.88 13,409.12 05/19/16 05/19/16 Purchase - Principal 06406HCJ6 1.00 50,162.00 63,571.12 05/19/16 05/19/16 Redemption - Principal 06406FAA1 1.00 (51,149.00) 12,422.12 05/19/16 05/19/16 Redemption - Interest 06406FAA1 1.00 (312.50) 12,109.62 05/23/16 05/23/16 Purchase - Interest 3135G0WJ8 1.00 437.50 12,547.12 05/23/16 05/23/16 Purchase - Interest 3135G0WJ8 1.00 546.88 13,094.00 05/24/16 05/24/16 Purchase - Interest 912828PC8 1.00 16.05 13,110.05 05/24/16 05/24/16 Purchase - Principal 912828PC8 1.00 26,393.55 39,503.60 Page 17 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 05/24/16 05/24/16 Redemption - Principal 857477AV5 1.00 (24,905.50) 14,598.10 05/24/16 05/24/16 Redemption - Interest 857477AV5 1.00 (6.77) 14,591.33 05/25/16 05/25/16 Purchase - Interest 3136AQSW1 1.00 39.54 14,630.87 05/25/16 05/25/16 Purchase - Interest 3136ANJY4 1.00 32.29 14,663.16 05/25/16 05/25/16 Purchase - Interest 3136AQDQ0 1.00 61.73 14,724.89 05/25/16 05/25/16 IP Fees April 2016 1.00 (382.35) 14,342.54 05/25/16 05/25/16 U.S. Bank Fees March 2016 1.00 (35.98) 14,306.56 05/26/16 05/26/16 Purchase - Interest 65558LFA5 1.00 578.19 14,884.75 05/27/16 05/27/16 Purchase - Interest 3135G0YT4 1.00 853.12 15,737.87 05/31/16 05/31/16 Purchase - Interest 912828A34 1.00 593.75 16,331.62 05/31/16 05/31/16 Purchase - Interest 912828A42 1.00 1,500.00 17,831.62 05/31/16 05/31/16 Purchase - Interest 912828UA6 1.00 468.75 18,300.37 05/31/16 05/31/16 Purchase - Interest 912828UB4 1.00 750.00 19,050.37 05/31/16 05/31/16 Purchase - Interest 912828VE7 1.00 250.00 19,300.37 05/31/16 05/31/16 Purchase - Interest 912828SS0 1.00 92.14 19,392.51 05/31/16 05/31/16 Purchase - Principal 912828SS0 1.00 125,229.49 144,622.00 05/31/16 05/31/16 Redemption - Principal 912828N48 1.00 (127,241.21) 17,380.79 05/31/16 05/31/16 Redemption - Interest 912828N48 1.00 (913.46) 16,467.33 05/31/16 06/01/16 Accrual Income Div Reinvestment - Distributions 1.00 5.22 16,472.55 Page 18 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate 16,472.55 16,472.55 16,472.55 12,675.97 20.23 0.00 (1,026,389.09) 1,038,652.29 4,209.35 5.22 16,472.55 0.00 (310,526.85) 314,369.71 12,629.69 Monthly Distribution Yield Average Monthly Balance Closing Balance Fiscal YTDMonth of Cash Dividends and Income Closing Balance Check Disbursements Redemptions (Excl. Checks) Purchases Opening Balance Closing Balance May January-May 0.49% Page 19 Successor Agency CAMP Account For the Month Ending May 31, 2016Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Opening Market Value Purchases Redemptions Change in Value Closing Market Value 20,554.42 446,906.44 (442,778.36) 0.00 $24,682.50 CAMP Pool Unsettled Trades 0.00 7.21 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 5,254,826.33 438,691.90 (430,763.56) (11,770.85) $5,250,983.82 CAMP Managed Account Unsettled Trades 0.00 11,606.84 Cash Dividends and Income May 31, 2016 April 30, 2016 Asset Summary CAMP Pool 24,682.50 20,554.42 CAMP Managed Account 5,250,983.82 5,254,826.33 $5,275,666.32 $5,275,380.75 Total Asset Allocation 0.47% CAMP Pool 99.53% CAMP Managed Account Page 1 For the Month Ending May 31, 2016Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Dividend Closing Market Value Redemptions Purchases Opening Market Value Closing Market Value Change in Current Value Unsettled Trades Principal Acquisitions Principal Dispositions Maturities/Calls Opening Market Value Closing Market Value Opening Market Value Account Total Total Cash Basis Earnings Plus Net Realized Gains/Losses Less Purchased Interest Related to Interest/Coupons Interest/Dividends/Coupons Received Earnings Reconciliation (Cash Basis) - Managed Account Dividends Less Beginning Accrued Interest Less Beginning Amortized Value of Securities Less Cost of New Purchases Plus Coupons/Dividends Received Plus Proceeds of Maturities/Calls/Principal Payments Plus Proceeds from Sales Ending Accrued Interest Ending Amortized Value of Securities Earnings Reconciliation (Accrual Basis) Reconciling Transactions Net Cash Contribution Security Purchases Principal Payments Coupon/Interest/Dividend Income Sale Proceeds Maturities/Calls Cash Transactions Summary- Managed Account $20,554.42 446,906.44 (442,778.36) $24,682.50 7.21 $5,254,826.33 0.00 (430,763.56) 438,691.90 0.00 (11,770.85) $5,250,983.82 $5,275,380.75 $5,275,666.32 15,260.67 (3,654.54) 0.71 $11,606.84 0.00 431,762.47 14,261.76 0.00 (442,346.44) (3,677.79) 0.00 Managed Account Total 5,215,857.69 5,240,540.19 14,739.73 431,762.47 0.00 14,261.76 (442,346.44) (5,207,353.65) (19,795.41) 0.00 14,739.73 874,540.83 0.00 14,261.76 (889,252.88) (5,227,908.07) (19,795.41) 7.21 Total Accrual Basis Earnings $7,126.15 $7,133.36 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending May 31, 2016Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 2,705,000.00 2,743,075.05 51.98 Municipal Bond / Note 30,000.00 30,351.60 0.58 Federal Agency Collateralized Mortgage Obligation 95,000.00 95,524.98 1.81 Federal Agency Bond / Note 905,000.00 910,865.59 17.27 Corporate Note 1,060,000.00 1,070,748.10 20.30 Certificate of Deposit 400,000.00 400,418.50 7.59 Managed Account Sub-Total 5,195,000.00 5,250,983.82 99.53% Accrued Interest 14,739.73 Total Portfolio 5,195,000.00 5,265,723.55 CAMP Pool 24,682.50 24,682.50 0.47 Total Investments 5,219,682.50 5,290,406.05 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 7.59% Cert of Deposit 20.30% Corporate Note 1.81% Fed Agency CMO 17.27% Fed Agy Bond / Note 0.47% Mny Mkt Fund 0.58% Muni Bond / Note 51.98% US TSY Bond / Note 0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years 0.48% 10.93% 22.85% 24.26% 21.34%20.14% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.64 998 1.41% 1.15% Page 3 For the Month Ending May 31, 2016Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Credit Quality (S&P Ratings) 3.83% A 6.71% A+ 2.40% A- 1.89% A-1 1.90% A-1+ 72.11% AA+ 9.74% AA- 0.47% AAAm 0.95% BBB+ Issuer Summary Percentof HoldingsIssuer Market Value 102,486.40 1.94 AMERICAN HONDA FINANCE 54,927.95 1.04 APPLE INC 126,232.85 2.39 BANK OF NEW YORK CO INC 24,920.55 0.47 BB&T CORPORTATION 24,682.50 0.47 CAMP Pool 80,467.60 1.53 CHEVRON CORP 102,232.90 1.94 CISCO SYSTEMS INC 853,580.92 16.18 FANNIE MAE 152,809.65 2.90 FREDDIE MAC 50,132.60 0.95 GOLDMAN SACHS GROUP INC 100,181.00 1.90 HSBC HOLDINGS PLC 100,219.00 1.90 IBM CORP 101,883.40 1.93 JP MORGAN CHASE & CO 99,933.00 1.89 NORDEA BANK AB 100,492.00 1.90 ROYAL BANK OF CANADA 99,812.50 1.89 SKANDINAVISKA ENSKIDA BANKEN AB 30,351.60 0.58 STATE OF CONNECTICUT 25,024.40 0.47 STATE STREET CORPORATION 2,743,075.05 52.00 UNITED STATES TREASURY 251,305.00 4.76 US BANCORP 50,915.45 0.97 WELLS FARGO & COMPANY $5,275,666.32 Total 100.00% Page 4 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 225,553.95 225,143.70 381.15 225,518.55 03/21/1403/19/14AaaAA+ 225,000.00 912828SM3 0.92 US TREASURY NOTES DTD 07/02/2012 0.750% 06/30/2017 124,990.25 124,961.04 394.06 124,941.41 11/16/1511/10/15AaaAA+ 125,000.00 912828TB6 0.78 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 124,643.50 123,977.55 2.13 122,597.66 05/09/1405/06/14AaaAA+ 125,000.00 912828UA6 1.18 US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 101,000.00 100,970.43 460.85 101,554.69 02/04/1502/02/15AaaAA+ 100,000.00 912828VQ0 0.92 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 20,143.76 19,879.50 0.68 19,790.63 07/07/1407/01/14AaaAA+ 20,000.00 912828A34 1.50 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 75,539.10 74,704.38 2.56 74,475.59 06/03/1406/02/14AaaAA+ 75,000.00 912828A34 1.41 US TREASURY NOTES DTD 01/31/2014 1.500% 01/31/2019 50,681.65 49,860.37 251.37 49,767.58 07/31/1407/29/14AaaAA+ 50,000.00 912828B33 1.61 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 25,432.63 25,017.23 68.82 25,027.34 09/04/1409/02/14AaaAA+ 25,000.00 912828C65 1.60 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 101,730.50 100,099.98 275.27 100,156.25 10/06/1410/02/14AaaAA+ 100,000.00 912828C65 1.59 US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 106,117.20 104,672.10 144.36 107,085.94 11/03/1410/30/14AaaAA+ 100,000.00 912828KQ2 1.50 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 149,566.35 148,519.15 254.10 148,048.83 04/30/1504/28/15AaaAA+ 150,000.00 912828TR1 1.30 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 224,349.53 221,930.36 381.15 220,807.62 02/27/1502/26/15AaaAA+ 225,000.00 912828TR1 1.42 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 229,807.58 227,597.06 667.01 228,489.26 03/27/1503/26/15AaaAA+ 225,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 199,125.00 196,982.71 5.46 196,140.63 05/29/1505/28/15AaaAA+ 200,000.00 912828UB4 1.44 Page 5 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 175,410.20 173,090.03 552.82 172,812.50 11/09/1511/05/15AaaAA+ 175,000.00 912828UQ1 1.55 US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 102,925.80 101,694.17 670.33 101,886.72 12/04/1512/01/15AaaAA+ 100,000.00 912828VP2 1.58 US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 191,308.87 187,924.94 993.50 188,201.37 12/30/1512/28/15AaaAA+ 185,000.00 912828VV9 1.74 US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 101,804.70 101,728.53 152.17 101,851.56 02/03/1602/01/16AaaAA+ 100,000.00 912828WC0 1.35 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 105,593.80 106,108.51 121.26 106,203.13 05/06/1605/03/16AaaAA+ 100,000.00 912828PC8 1.21 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 180,099.68 179,749.97 9.56 179,997.07 03/04/1603/02/16AaaAA+ 175,000.00 912828A42 1.38 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 127,251.00 127,239.92 919.47 127,241.21 05/31/1605/27/16AaaAA+ 125,000.00 912828N48 1.35 6,708.08 2,743,075.05 2,721,851.63 1.35 2,722,595.54 2,705,000.00 Security Type Sub-Total Municipal Bond / Note CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 30,351.60 30,059.78 125.02 30,084.30 03/25/1503/16/15Aa3AA- 30,000.00 20772JZK1 1.90 125.02 30,351.60 30,059.78 1.90 30,084.30 30,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 25,096.32 25,142.28 32.29 25,249.91 04/30/1504/15/15AaaAA+ 25,000.00 3136ANJY4 0.83 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 25,229.74 25,202.22 39.54 25,250.00 11/30/1511/06/15AaaAA+ 25,000.00 3136AQSW1 1.20 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 45,198.92 45,372.64 61.73 45,450.63 10/30/1510/07/15AaaAA+ 45,000.00 3136AQDQ0 1.08 Page 6 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par 133.56 95,524.98 95,717.14 1.05 95,950.54 95,000.00 Security Type Sub-Total Federal Agency Bond / Note FANNIE MAE GLOBAL NOTES DTD 07/20/2012 0.875% 08/28/2017 100,099.80 100,062.95 226.04 100,248.00 09/10/1209/06/12AaaAA+ 100,000.00 3135G0MZ3 0.82 FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 125,065.88 124,647.67 106.34 124,033.75 12/03/1311/27/13AaaAA+ 125,000.00 3135G0PQ0 1.08 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 74,892.08 74,541.31 18.23 73,863.75 05/31/1305/24/13AaaAA+ 75,000.00 3135G0WJ8 1.19 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 99,856.10 99,660.87 24.31 99,155.00 05/24/1305/22/13AaaAA+ 100,000.00 3135G0WJ8 1.05 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 106,584.45 105,613.32 18.96 105,997.50 10/23/1410/22/14AaaAA+ 105,000.00 3135G0YT4 1.39 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 126,886.25 125,002.39 22.57 125,003.75 06/19/1406/16/14AaaAA+ 125,000.00 3135G0YT4 1.62 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 124,671.38 124,731.31 329.86 124,705.00 02/23/1602/19/16AaaAA+ 125,000.00 3135G0J53 1.08 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 152,809.65 151,149.65 7.29 151,704.00 12/03/1412/01/14AaaAA+ 150,000.00 3137EADG1 1.49 753.60 910,865.59 905,409.47 1.24 904,710.75 905,000.00 Security Type Sub-Total Corporate Note US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 251,305.00 250,000.00 183.33 255,340.00 07/30/1207/25/12A1A+ 250,000.00 91159HHD5 1.19 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 100,219.00 99,842.15 392.36 99,542.00 02/08/1302/05/13Aa3AA- 100,000.00 459200HK0 1.35 BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 75,277.05 74,992.16 239.06 74,978.25 03/06/1303/04/13A1A 75,000.00 06406HCJ6 1.36 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 54,927.95 54,920.69 42.78 54,797.05 05/03/1304/30/13Aa1AA+ 55,000.00 037833AJ9 1.08 Page 7 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 80,467.60 80,000.00 599.39 80,000.00 06/24/1306/17/13Aa2AA- 80,000.00 166764AE0 1.72 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 51,116.45 50,295.56 265.63 50,475.00 09/04/1408/29/14A1AA- 50,000.00 17275RAR3 1.90 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 51,116.45 50,372.23 265.63 50,469.50 09/04/1509/01/15A1AA- 50,000.00 17275RAR3 1.85 GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 50,132.60 49,969.01 100.00 49,968.00 04/26/1604/21/16A3BBB+ 50,000.00 38141GVT8 2.02 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 102,486.40 99,876.98 662.50 99,815.00 09/09/1409/04/14A1A+ 100,000.00 02665WAH4 2.29 JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 101,883.40 100,424.89 1,206.94 100,497.00 09/04/1509/01/15A3A- 100,000.00 46625HLW8 2.64 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 50,915.45 51,094.82 616.25 51,108.00 05/10/1605/06/16A2A 50,000.00 94974BGR5 2.04 BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 50,955.80 51,141.69 354.17 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 24,920.55 24,983.64 29.90 24,983.50 05/16/1605/10/16A2A- 25,000.00 05531FAV5 2.06 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,024.40 24,905.85 16.25 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 4,974.19 1,070,748.10 1,062,819.67 1.72 1,068,027.80 1,060,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 99,933.00 100,000.00 19.17 100,000.00 05/29/1505/27/15Aa3AA- 100,000.00 65558LFA5 1.15 SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 99,812.50 100,000.00 809.89 100,000.00 11/17/1511/16/15P-1A-1 100,000.00 83050FBG5 1.48 Page 8 For the Month Ending May 31, 2016Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Certificate of Deposit HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 100,181.00 100,000.00 838.44 100,000.00 11/18/1511/17/15P-1A-1+ 100,000.00 40428AR58 1.54 ROYAL BANK OF CANADA NY CD DTD 03/11/2016 1.700% 03/09/2018 100,492.00 100,000.00 377.78 100,000.00 03/15/1603/11/16Aa3AA- 100,000.00 78009NZZ2 1.69 2,045.28 400,418.50 400,000.00 1.46 400,000.00 400,000.00 Security Type Sub-Total 5,195,000.00 5,221,368.93 1.41 14,739.73 5,215,857.69 5,250,983.82 Managed Account Sub-Total Money Market Fund CAMP Pool 24,682.50 24,682.50 0.00 24,682.50 NRAAAm 24,682.50 24,682.50 24,682.50 0.00 24,682.50 24,682.50 Money Market Sub-Total $5,219,682.50 $5,246,051.43 $14,739.73 $5,240,540.19 $5,275,666.32 1.41% $5,290,406.05 $14,739.73 Total Investments Accrued Interest Securities Sub-Total Page 9 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 0.83 410.25 35.40 225,553.95 100.25 MORGANST 225,000.00 912828SM3US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 0.70 0.83 1.07 29.21 48.84 124,990.25 99.99 MERRILL 125,000.00 912828TB6US TREASURY NOTES DTD 07/02/2012 0.750% 06/30/2017 0.76 1.07 1.49 665.95 2,045.84 124,643.50 99.71 MERRILL 125,000.00 912828UA6US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 0.82 1.49 2.12 29.57 (554.69) 101,000.00 101.00 BARCLAYS 100,000.00 912828VQ0US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 0.91 2.12 2.46 264.26 353.13 20,143.76 100.72 MERRILL 20,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 0.96 2.46 2.46 834.72 1,063.51 75,539.10 100.72 CITIGRP 75,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 0.96 2.46 2.60 821.28 914.07 50,681.65 101.36 BARCLAYS 50,000.00 912828B33US TREASURY NOTES DTD 01/31/2014 1.500% 01/31/2019 0.98 2.60 2.76 415.40 405.29 25,432.63 101.73 CITIGRP 25,000.00 912828C65US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 1.00 2.76 2.76 1,630.52 1,574.25 101,730.50 101.73 MERRILL 100,000.00 912828C65US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 1.00 2.76 2.83 1,445.10 (968.74) 106,117.20 106.12 MERRILL 100,000.00 912828KQ2US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 1.02 2.83 3.26 1,047.20 1,517.52 149,566.35 99.71 MERRILL 150,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.09 3.26 3.26 2,419.17 3,541.91 224,349.53 99.71 JPMCHASE 225,000.00 912828TR1US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 1.09 3.26 3.23 2,210.52 1,318.32 229,807.58 102.14 JPMCHASE 225,000.00 912828F39US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 1.10 3.23 3.43 2,142.29 2,984.37 199,125.00 99.56 CITIGRP 200,000.00 912828UB4US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 1.13 3.43 3.64 2,320.17 2,597.70 175,410.20 100.23 CITIGRP 175,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1.19 3.64 3.97 1,231.63 1,039.08 102,925.80 102.93 MERRILL 100,000.00 912828VP2US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 1.28 3.97 4.04 3,383.93 3,107.50 191,308.87 103.41 MORGANST 185,000.00 912828VV9US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 1.30 4.04 Page 10 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 4.24 76.17 (46.86) 101,804.70 101.80 MERRILL 100,000.00 912828WC0US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 1.33 4.24 4.21 (514.71)(609.33) 105,593.80 105.59 HSBC 100,000.00 912828PC8US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 1.33 4.21 4.30 349.71 102.61 180,099.68 102.91 MERRILL 175,000.00 912828A42US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 1.33 4.30 4.36 11.08 9.79 127,251.00 101.80 MORGANST 125,000.00 912828N48US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 1.34 4.36 20,479.51 1.09 3.07 21,223.42 2,743,075.05 2,705,000.00 Security Type Sub-Total 3.07 Municipal Bond / Note 2.70 291.82 267.30 30,351.60 101.17 VINING 30,000.00 20772JZK1CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 1.54 2.70 267.30 1.54 2.70 291.82 30,351.60 30,000.00 Security Type Sub-Total 2.70 Federal Agency Collateralized Mortgage Obligation 1.64 (45.96)(153.59) 25,096.32 100.39 GOLDMAN 25,000.00 3136ANJY4FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 1.25 1.69 2.35 27.52 (20.26) 25,229.74 100.92 GOLDMAN 25,000.00 3136AQSW1FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 1.45 1.96 3.01 (173.72)(251.71) 45,198.92 100.44 MORGANST 45,000.00 3136AQDQ0FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 1.46 2.30 (425.56) 1.41 2.48 (192.16) 95,524.98 95,000.00 Security Type Sub-Total 2.05 Federal Agency Bond / Note 1.23 36.85 (148.20) 100,099.80 100.10 HSBC 100,000.00 3135G0MZ3FANNIE MAE GLOBAL NOTES DTD 07/20/2012 0.875% 08/28/2017 0.79 1.23 1.39 418.21 1,032.13 125,065.88 100.05 SOC GEN 125,000.00 3135G0PQ0FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 0.84 1.39 1.95 350.77 1,028.33 74,892.08 99.86 CSFB 75,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.95 1.95 Page 11 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Security Type/Description Next Call Market YTMEffective Duration Federal Agency Bond / Note 1.95 195.23 701.10 99,856.10 99.86 BNP PARI 100,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.95 1.95 2.44 971.13 586.95 106,584.45 101.51 GOLDMAN 105,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 1.01 2.44 2.44 1,883.86 1,882.50 126,886.25 101.51 HSBC 125,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 1.01 2.44 2.68 (59.93)(33.62) 124,671.38 99.74 JPMCHASE 125,000.00 3135G0J53FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 1.10 2.68 2.92 1,660.00 1,105.65 152,809.65 101.87 TD SEC U 150,000.00 3137EADG1FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 1.11 2.92 6,154.84 0.98 2.18 5,456.12 910,865.59 905,000.00 Security Type Sub-Total 2.18 Corporate Note 0.86 1,305.00 (4,035.00) 251,305.00 100.52 04/15/17BARCLAYS 250,000.00 91159HHD5US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 1.10 0.86 1.66 376.85 677.00 100,219.00 100.22 HSBC 100,000.00 459200HK0IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 1.12 1.66 1.73 284.89 298.80 75,277.05 100.37 GOLDMAN 75,000.00 06406HCJ6BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 1.14 1.70 1.90 7.26 130.90 54,927.95 99.87 GOLDMAN 55,000.00 037833AJ9APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 1.07 1.90 2.01 467.60 467.60 80,467.60 100.58 BARCLAYS 80,000.00 166764AE0CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1.43 2.01 2.66 820.89 641.45 51,116.45 102.23 BONY 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.66 2.66 744.22 646.95 51,116.45 102.23 BNP PARI 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.66 2.72 163.59 164.60 50,132.60 100.27 03/25/19MIZUHO 50,000.00 38141GVT8GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 1.91 2.78 3.07 2,609.42 2,671.40 102,486.40 102.49 MERRILL 100,000.00 02665WAH4AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 1.45 3.07 Page 12 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Security Type/Description Next Call Market YTMEffective Duration Corporate Note 3.71 1,458.51 1,386.40 101,883.40 101.88 05/23/20JPMCHASE 100,000.00 46625HLW8JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 2.26 3.77 4.20 (179.37)(192.55) 50,915.45 101.83 UBS AG 50,000.00 94974BGR5WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 2.12 4.20 4.54 (185.89)(193.20) 50,955.80 101.91 KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 2.08 4.54 4.67 (63.09)(62.95) 24,920.55 99.68 SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 2.12 4.67 4.71 118.55 118.90 25,024.40 100.10 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.93 4.71 2,720.30 1.47 2.39 7,928.43 1,070,748.10 1,060,000.00 Security Type Sub-Total 2.40 Certificate of Deposit 0.98 (67.00)(67.00) 99,933.00 99.93 MERRILL 100,000.00 65558LFA5NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 1.21 0.98 1.46 (187.50)(187.50) 99,812.50 99.81 GOLDMAN 100,000.00 83050FBG5SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 0.59 1.46 1.46 181.00 181.00 100,181.00 100.18 HSBC 100,000.00 40428AR58HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 0.88 1.46 1.76 492.00 492.00 100,492.00 100.49 RBC CAP 100,000.00 78009NZZ2ROYAL BANK OF CANADA NY CD DTD 03/11/2016 1.700% 03/09/2018 1.40 1.76 418.50 1.02 1.42 418.50 400,418.50 400,000.00 Security Type Sub-Total 1.42 5,195,000.00 5,250,983.82 29,614.89 35,126.13 2.64 1.15 Managed Account Sub-Total 2.63 Money Market Fund 0.00 0.00 0.00 24,682.50 1.00 24,682.50 CAMP Pool 0.00 24,682.50 24,682.50 0.00 0.00 0.00 Money Market Sub-Total 0.00 Page 13 For the Month Ending May 31, 2016Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Total Investments $5,290,406.05 $14,739.73 $5,275,666.32 Accrued Interest Securities Sub-Total $5,219,682.50 $29,614.89 $35,126.13 2.64 1.15% 2.63 Page 14 For the Month Ending May 31, 2016Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method BUY 05/06/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 (159,304.69)(1,871.39)(161,176.08) 150,000.00 05/03/16 05/10/16 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 94974BGR5 (51,108.00)(541.88)(51,649.88) 50,000.00 05/06/16 05/16/16 BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 (24,983.50)(8.54)(24,992.04) 25,000.00 05/10/16 05/19/16 BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 06406FAA1 (51,149.00)(312.50)(51,461.50) 50,000.00 05/16/16 05/24/16 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 (24,905.50)(6.77)(24,912.27) 25,000.00 05/19/16 05/31/16 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 912828N48 (127,241.21)(913.46)(128,154.67) 125,000.00 05/27/16 (3,654.54) (442,346.44)(438,691.90) 425,000.00 Transaction Type Sub-Total INTEREST 05/25/16 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 3136AQSW1 0.00 39.54 39.54 25,000.00 05/01/16 05/25/16 FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 3136AQDQ0 0.00 61.73 61.73 45,000.00 05/01/16 05/25/16 FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 3136ANJY4 0.00 32.29 32.29 25,000.00 05/01/16 05/03/16 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 037833AJ9 0.00 275.00 275.00 55,000.00 05/03/16 05/15/16 US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 912828KQ2 0.00 1,562.50 1,562.50 100,000.00 05/15/16 05/15/16 US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 91159HHD5 0.00 2,062.50 2,062.50 250,000.00 05/15/16 05/15/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 0.00 1,968.75 1,968.75 150,000.00 05/15/16 05/21/16 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 437.50 437.50 100,000.00 05/21/16 05/21/16 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 3135G0WJ8 0.00 328.13 328.13 75,000.00 05/21/16 Page 15 For the Month Ending May 31, 2016Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 05/26/16 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 65558LFA5 0.00 578.19 578.19 100,000.00 05/26/16 05/27/16 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 3135G0YT4 0.00 853.12 853.12 105,000.00 05/27/16 05/27/16 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 3135G0YT4 0.00 1,015.63 1,015.63 125,000.00 05/27/16 05/30/16 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 3137EADG1 0.00 1,312.50 1,312.50 150,000.00 05/30/16 05/31/16 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 912828A42 0.00 1,750.00 1,750.00 175,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 912828UA6 0.00 390.63 390.63 125,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 912828UB4 0.00 1,000.00 1,000.00 200,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 912828A34 0.00 125.00 125.00 20,000.00 05/31/16 05/31/16 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 912828A34 0.00 468.75 468.75 75,000.00 05/31/16 14,261.76 14,261.76 0.00 1,900,000.00 Transaction Type Sub-Total SELL 05/06/16 US TREASURY NOTES DTD 02/29/2012 0.875% 02/28/2017 912828SJ0 75,208.01 119.48 75,327.49 439.45 246.90 SPEC LOT 75,000.00 05/03/16 05/06/16 US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 912828SM3 75,295.90 73.77 75,369.67 (313.48) 115.91 SPEC LOT 75,000.00 05/03/16 05/10/16 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 912828A42 51,775.39 442.62 52,218.01 347.66 400.80 SPEC LOT 50,000.00 05/06/16 05/16/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 26,591.80 1.78 26,593.58 41.02 50.13 SPEC LOT 25,000.00 05/10/16 05/19/16 BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 06406HCJ6 50,162.00 136.88 50,298.88 176.50 167.32 SPEC LOT 50,000.00 05/16/16 05/24/16 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 912828PC8 26,393.55 16.05 26,409.60 (157.23)(140.85)SPEC LOT 25,000.00 05/19/16 Page 16 For the Month Ending May 31, 2016Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method SELL 05/31/16 US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 912828SM3 100,269.53 166.66 100,436.19 (542.97) 47.69 SPEC LOT 100,000.00 05/27/16 05/31/16 US TREASURY NOTES DTD 03/31/2012 1.000% 03/31/2017 912828SM3 25,067.38 41.67 25,109.05 9.76 51.36 SPEC LOT 25,000.00 05/27/16 998.91 939.26 0.71 431,762.47 430,763.56 425,000.00 Transaction Type Sub-Total (7,928.34) 11,606.13 3,677.79 0.71 939.26 Managed Account Sub-Total Total Security Transactions $0.71 $3,677.79 $11,606.13 ($7,928.34)$939.26 Page 17 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 20,554.42 Opening Balance 05/02/16 05/02/16 Purchase - Interest 912828WC0 1.00 875.00 21,429.42 05/03/16 05/03/16 Purchase - Interest 037833AJ9 1.00 275.00 21,704.42 05/06/16 05/06/16 Purchase - Interest 912828SJ0 1.00 119.48 21,823.90 05/06/16 05/06/16 Purchase - Principal 912828SJ0 1.00 75,208.01 97,031.91 05/06/16 05/06/16 Purchase - Interest 912828SM3 1.00 73.77 97,105.68 05/06/16 05/06/16 Purchase - Principal 912828SM3 1.00 75,295.90 172,401.58 05/06/16 05/06/16 Redemption - Principal 912828PC8 1.00 (159,304.69) 13,096.89 05/06/16 05/06/16 Redemption - Interest 912828PC8 1.00 (1,871.39) 11,225.50 05/10/16 05/10/16 Purchase - Interest 912828A42 1.00 442.62 11,668.12 05/10/16 05/10/16 Purchase - Principal 912828A42 1.00 51,775.39 63,443.51 05/10/16 05/10/16 Redemption - Interest 94974BGR5 1.00 (541.88) 62,901.63 05/10/16 05/10/16 Redemption - Principal 94974BGR5 1.00 (51,108.00) 11,793.63 05/16/16 05/16/16 Purchase - Interest 91159HHD5 1.00 2,062.50 13,856.13 05/16/16 05/16/16 Purchase - Interest 912828KQ2 1.00 1,562.50 15,418.63 05/16/16 05/16/16 Purchase - Interest 912828PC8 1.00 1,968.75 17,387.38 05/16/16 05/16/16 Purchase - Principal 912828PC8 1.00 26,591.80 43,979.18 05/16/16 05/16/16 Purchase - Interest 912828PC8 1.00 1.78 43,980.96 05/16/16 05/16/16 Redemption - Principal 05531FAV5 1.00 (24,983.50) 18,997.46 05/16/16 05/16/16 Redemption - Interest 05531FAV5 1.00 (8.54) 18,988.92 05/19/16 05/19/16 Purchase - Interest 06406HCJ6 1.00 136.88 19,125.80 05/19/16 05/19/16 Purchase - Principal 06406HCJ6 1.00 50,162.00 69,287.80 Page 18 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 05/19/16 05/19/16 Redemption - Principal 06406FAA1 1.00 (51,149.00) 18,138.80 05/19/16 05/19/16 Redemption - Interest 06406FAA1 1.00 (312.50) 17,826.30 05/23/16 05/23/16 Purchase - Interest 3135G0WJ8 1.00 437.50 18,263.80 05/23/16 05/23/16 Purchase - Interest 3135G0WJ8 1.00 328.13 18,591.93 05/24/16 05/24/16 Purchase - Interest 912828PC8 1.00 16.05 18,607.98 05/24/16 05/24/16 Purchase - Principal 912828PC8 1.00 26,393.55 45,001.53 05/24/16 05/24/16 Redemption - Principal 857477AV5 1.00 (24,905.50) 20,096.03 05/24/16 05/24/16 Redemption - Interest 857477AV5 1.00 (6.77) 20,089.26 05/25/16 05/25/16 Purchase - Interest 3136ANJY4 1.00 32.29 20,121.55 05/25/16 05/25/16 Purchase - Interest 3136AQDQ0 1.00 61.73 20,183.28 05/25/16 05/25/16 Purchase - Interest 3136AQSW1 1.00 39.54 20,222.82 05/25/16 05/25/16 IP Fees April 2016 1.00 (394.74) 19,828.08 05/25/16 05/25/16 U.S. Bank Fees March 2016 1.00 (37.18) 19,790.90 05/26/16 05/26/16 Purchase - Interest 65558LFA5 1.00 578.19 20,369.09 05/27/16 05/27/16 Purchase - Interest 3135G0YT4 1.00 1,015.63 21,384.72 05/27/16 05/27/16 Purchase - Interest 3135G0YT4 1.00 853.12 22,237.84 05/31/16 05/31/16 Purchase - Interest 3137EADG1 1.00 1,312.50 23,550.34 05/31/16 05/31/16 Purchase - Interest 912828A34 1.00 468.75 24,019.09 05/31/16 05/31/16 Purchase - Interest 912828A34 1.00 125.00 24,144.09 05/31/16 05/31/16 Purchase - Interest 912828A42 1.00 1,750.00 25,894.09 05/31/16 05/31/16 Purchase - Interest 912828UA6 1.00 390.63 26,284.72 05/31/16 05/31/16 Purchase - Interest 912828UB4 1.00 1,000.00 27,284.72 Page 19 For the Month Ending May 31, 2016Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 05/31/16 05/31/16 Purchase - Interest 912828SM3 1.00 166.66 27,451.38 05/31/16 05/31/16 Purchase - Interest 912828SM3 1.00 41.67 27,493.05 05/31/16 05/31/16 Purchase - Principal 912828SM3 1.00 100,269.53 127,762.58 05/31/16 05/31/16 Purchase - Principal 912828SM3 1.00 25,067.38 152,829.96 05/31/16 05/31/16 Redemption - Principal 912828N48 1.00 (127,241.21) 25,588.75 05/31/16 05/31/16 Redemption - Interest 912828N48 1.00 (913.46) 24,675.29 05/31/16 06/01/16 Accrual Income Div Reinvestment - Distributions 1.00 7.21 24,682.50 24,682.50 24,682.50 24,682.50 17,532.51 44.93 0.00 (1,054,087.57) 1,071,260.42 7,509.65 7.21 24,682.50 0.00 (442,778.36) 446,906.44 20,554.42 Monthly Distribution Yield Average Monthly Balance Closing Balance Fiscal YTDMonth of Cash Dividends and Income Closing Balance Check Disbursements Redemptions (Excl. Checks) Purchases Opening Balance Closing Balance May January-May 0.49% Page 20