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0005_2_City Investment Report 2016-09 - Exhibit A
CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 3,681,857$ 27,711$ (1,802,116)$ 1,907,452$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 3,681,857 27,711 (1,802,116) 1,908,752 INVESTMENTS City Investments: City Local Agency Investment Fund 14,595,162 - 14,595,162 City Local Agency Investment Fund for the PFA 330,436 - - 330,436 City CAMP Investments: CAMP Pool Account 74,977 - - 74,977 U.S. Treasury Bond / Note 9,764,894 - - 9,764,894 Municipal Bond / Note 290,464 - - 290,464 Federal Agency Collateralized Mortgage Obligation 530,253 - - 530,253 Federal Agency Bond / Note 8,770,306 - - 8,770,306 Corporate Note 6,410,361 - - 6,410,361 Certificate of Deposit 4,075,000 - - 4,075,000 Housing CAMP Investments: Housing CAMP Pool Account 4,571 - - 4,571 Housing U.S. Treasury Bond / Notes 1,796,917 - - 1,796,917 Housing Municipal Bond / Notes 30,084 - - 30,084 Housing Federal Agency Collateralized Mortgage 95,951 - - 95,951 Housing Federal Agency Bond / Notes 1,430,583 - - 1,430,583 Housing Corporate Notes 1,318,456 - - 1,318,456 Housing Certificate of Deposit 400,000 - - 400,000 Successor Investments: Successor Local Agency Investment Fund 3,990,790 - - 3,990,790 Successor CAMP Investments: Successor CAMP Pool Account 11,348 - - 11,348 Successor U.S. Treasury Bond / Notes 1,804,265 - - 1,804,265 Successor Municipal Bond / notes 30,084 - - 30,084 Successor Federal Agency Collaterized Mortgage 95,951 - - 95,951 Successor Federal Agency Bond / Notes 1,813,072 - - 1,813,072 Successor Corporate Notes 1,120,612 - - 1,120,612 Successor Certificate of Deposit 400,000 - - 400,000 Sub-total Investments 59,184,536 - - 59,184,536 Market Value Adjustment: Unrealized Gain/ (Loss) at 06-30-16 City 441,611 - - 441,611 Unrealized Gain/ (Loss) at 06-30-16 SARDA 70,791 - - 70,791 Total Unrealized Gain/ (Loss) at 06-30-16 per GASB 31 512,402 - - 512,402 Total Investments 59,696,938 - - 59,696,938 Total Pooled Cash and Investments 63,378,796$ 27,711$ (1,802,116)$ 61,605,690$ TOTAL POOLED CASH AND INVESTMENTS 61,605,690$ 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 October 14, 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 SEPTEMBER 30, 2016 FUND NO FUND NAME AMOUNT 100 General Fund 11,856,973$ 101 Supplemental Law Enforcement Fund 16,667 104 Traffic Offender Fund 6,582 106 Affordable Housing In Lieu Fund 2,792,271 107 Developer Agreement Revenue 1,130,755 110 State Gas Tax Fund 1,329,759 111 TUMF C.I.P. Fund 2,695 112 Measure A Fund 1,183,133 114 SB1186 CASP Education Program Fund 6,119 115 Traffic Safety Fund 32,897 116 City Hall-Public Works DIF Fund 1,214,019 117 Community Center DIF Fund 529,813 118 Lake Side Facility DIF Fund 651,574 119 Animal Shelter DIF Fund 22,773 121 T.R.I.P.-2014A 127 135 Lighting & Landscape Maintenance Fund - Dist. No. 1 430,085 140 Geothermal Fund 19,955 155 CSA152 -- N.P.D.E.S.67,409 160 PEG Grant Fund 23,675 205 Traffic Impact Fee Fund 3,717,033 211 Storm Drain C.I.P. Fund 2,392,082 221 Quimby Park C.I.P. Fund 14,329 231 Library C.I.P. Fund 1,698,870 232 City Fire Protection Fund 45,300 254 AD 89-1 Railroad Canyon Rd. Improvement Fund 126,253 268 CFD 2006-2 Viscaya Improvement 220 300 Insurance Service 268,922 315 Fleet Service 10,798 320 Facilities Service 606,886 331 CFD 2006-1CC Summerly Improvement Area CC 5,213 332 CFD 2006-1 Improvement Area B, Summerly 7,703 333 CFD 2015-3 Terracina 22,080 334 CFD 2015-5 Trieste - Far West Industries 21,586 336 CFD 2006-1FF Summerly Improvement Area FF 35,000 345 CFD 2003-2S Improvement Area D, Canyon Hills 7,851 346 CFD 2014-1 Southshore Debt Service Fund 63,251 347 CFD 2006-1 Improvement Area A, Summerly 12,836 350 CFD 98-1 Summerhill Debt Service Fund 33,132 352 AD 86-1 Debt Service Fund 659,115 354 CFD 90-2 Successor RDA Debt Service Fund 910 357 CFD 2003-2 Canyon Hills Debt Service Fund 45,279 366 CFD 2005-6 City Center Townhomes Debt Service Fund 34,491 368 CFD 2006-2 Viscaya Debt Service Fund 60,924 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 SEPTEMBER 30, 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 SEPTEMBER 30, 2016 369 CFD 2004-3 Area 1 Rosetta Canyon Debt Service Fund 38,468 371 CFD 2005-1 Serenity Debt Service Fund 20,407 372 CFD 2005-2 Alberhill Ranch Debt Service Fund 15,257 374 CFD 2005-4 Lakeview Villas Debt Service Fund 44,961 375 CFD 2006-4 Tract No. 30698 & 32129 Debt Service Fund 16,080 376 CFD 2006-3 La Strada Debt Service Fund 20,266 377 CFD 2006-6 Tessara Debt Service Fund 9,322 378 CFD 2006-8 Tract No. 31957 Debt Service Fund 46,110 384 CFD 2003-2 Area B Canyon Hills Debt Service Fund 44,360 385 CFD 2004-3 Area 2 Rosetta Canyon Debt Service Fund 43,749 386 CFD 2007-4 Mekenna Debt Service Fund 8,576 387 CFD 2007-5 Red Kite Debt Service Fund 63,591 388 CFD 2007-6 Holiday Inn Debt Service Fund 3,749 389 CFD 88-3 (2008A) West Lake Elsinore Debt Service Fund 28,202 390 CFD 2003-2 Area C Canyon Hills Debt Service Fund 33,130 392 CFD 95-1 City Center Debt Service Fund 21,397 393 AD 93-1 Debt Service Fund 26,320 394 CFD 2005-5 (2012A) Wasson Canyon Debt Service Fund 25,711 500 Capital Improvement Plan 3,010,654 520 Successor Agency RDA Area II 2,000,294 530 Successor Agency RDA Area III 1,025,342 540 Successor Area RDA Diamond Stadium 2,897,832 604 Endowment Trust Fund 31,268 605 Public Improvement Trust Fund 863,456 606 Mobile Source Air Polution Reduction Fund 237,622 608 Trust Deposit & Pre Paid Expense Fund 5,723,317 617 Successor Agency Housing Fund 12,141,474 620 Cost Recovery System Fund 1,218,144 631 Lake Destratification Equipment Replacement Fund 218,960 655 CFD 2015-1s Law, Fire, Paramedic Services 17,340 731 LEPFA 2011 Series B 2 734 LEPFA 2013 Series C 409,479 736 LEPFA 2013 Series A 20 780 LEPFA General 93,485 Total Pooled Cash & Investments 61,605,690$ DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00%Unlimited U.S. Treasury Bond / Note 22.58%Unlimited Current Balance 13,366,076$ Municipal Bond / Note 0.59%Unlimited Current Balance 350,632$ Federal Agency Collaterized Mortgage Obligation 1.22%40.00% Current Balance 722,154$ Federal Agency Bond / Note 20.30%*Unlimited Current Balance 12,013,962$ Banker's Acceptance 0.00%40.00% Certificates of Deposit 8.24%25.00% Current Balance 4,875,000$ Negotiable Certificates of Deposit 0.00%30.00% Commercial Paper 0.00%25.00% Corporate Note 14.95%30.00% Current Balance 8,849,429$ Repurchase Agreements 0.00%Unlimited Reverse Repurchase Agreements 0.00%20.00% LAIF (Local Agency Investment Fund)31.96%*$65 Million Current Balance 18,916,387$ CAMP - Pooled Sweep Account 0.15%Unlimited Current Balance 90,897$ TOTAL 100.00%*59,184,536$ 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. *Investment in LAIF may not exceed $65 million in each agency. *Totals include the City, Housing, and Successor Agency CAMP Portfolios. FOR THE MONTH ENDING SEPTEMBER 30, 2016 SUMMARY OF POLICY LIMITATIONS C I T Y O F L A K E E L S I N O R E Local Agency Investment Fund Yield Purchase Date Maturity Rate 0.634%Daily 24-Hour Agency Beginning Balance Net Increase/(Decrease)Ending Balance City 16,595,162$ (2,000,000)$ 14,595,162$ City for the PFA 330,436$ -$ 330,436$ Successor Agency 3,990,790$ -$ 3,990,790$ Total Investments Held with Local Agency Investment Fund:20,916,387$ (2,000,000)$ 18,916,387$ 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 per agency. 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 SEPTEMBER 30, 2016 JOHN CHIANG TREASURER STATE OF CALIFORNIA 09/12/16 0.63 0.61 163 09/13/16 0.63 0.61 163 09/14/16 0.63 0.61 161 09/15/16 0.64 0.61 163 09/16/16 0.63 0.61 161 09/17/16 0.63 0.61 161 09/18/16 0.63 0.61 161 09/19/16 0.63 0.61 158 09/20/16 0.63 0.61 156 09/21/16 0.63 0.61 156 09/22/16 0.64 0.61 155 09/23/16 0.64 0.61 160 Sep 2016 0.634% 09/24/16 0.64 0.61 160 Aug 2016 0.614% 09/25/16 0.64 0.61 160 Jul 2016 0.588% 09/26/16 0.64 0.61 157 09/27/16 0.64 0.61 157 09/28/16 0.64 0.61 160 09/29/16 0.64 0.61 162 09/30/16 0.65 0.61 165 10/01/16 0.65 0.65 165 10/02/16 0.65 0.65 165 10/03/16 0.65 0.65 169 10/04/16 0.65 0.65 170 10/05/16 0.65 0.65 170 10/06/16 0.65 0.65 169 10/07/16 0.65 0.65 171 10/08/16 0.65 0.65 171 10/09/16 0.65 0.65 171 10/10/16 0.65 0.65 168 10/11/16 0.65 0.65 169 10/12/16 0.65 0.65 168 0.00001495296852820 1.000621222 Earnings Ratio: Fair Value Factor: Daily: PMIA Performance Report LAIF Performance Report Date Daily Yield* Quarter to Date Yield Average Maturity (in days)Apportionment Rate:0.55% Quarter Ending 06/30/16 0.58% 0.55% PMIA Average Monthly Effective Yields *Daily yield does not reflect capital gains or losses 167 Based on data available as of 10/12/16 Quarter to Date: Average Life: View Prior Month Daily Rates Treasuries 46.06% Mortgages 0.08% Agencies 14.09% Certificates of Deposit/Bank Notes 20.21% Time Deposits 7.65% Commercial Paper 10.74% Loans 1.17% Pooled Money Investment Account Portfolio Composition 09/30/16 $68.3 billion LAIF Conference October 25, 2016 Register Now! City Funds CAMP Account For the Month Ending September 30, 2016Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 47,478.52 1,878,376.10 (1,850,877.32) 0.00 $74,977.30 CAMP Pool Unsettled Trades 0.00 34.85 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 30,027,873.59 1,243,125.00 (1,259,396.14) 3,905.68 $30,015,508.13 CAMP Managed Account Unsettled Trades 0.00 28,844.77 Cash Dividends and Income September 30, 2016 August 31, 2016 Asset Summary CAMP Pool 74,977.30 47,478.52 CAMP Managed Account 30,015,508.13 30,027,873.59 $30,090,485.43 $30,075,352.11 Total Asset Allocation 0.25% CAMP Pool 99.75% CAMP Managed Account Page 1 For the Month Ending September 30, 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 $47,478.52 1,878,376.10 (1,850,877.32) $74,977.30 34.85 $30,027,873.59 0.00 (1,259,396.14) 1,243,125.00 0.00 3,905.68 $30,015,508.13 $30,075,352.11 $30,090,485.43 29,974.41 (6,163.93) 5,034.29 $28,844.77 0.00 1,856,577.53 21,763.72 0.00 (1,848,352.93) (29,988.32) 0.00 Managed Account Total 29,806,398.44 29,881,375.74 122,368.52 1,263,345.39 0.00 21,763.72 (1,249,288.93) (29,826,342.31) (104,091.17) 0.00 122,368.52 3,114,222.71 0.00 21,763.72 (3,127,665.03) (29,873,820.83) (104,091.17) 34.85 Total Accrual Basis Earnings $34,153.66 $34,188.51 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending September 30, 2016Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 9,645,000.00 9,875,043.35 32.82 Municipal Bond / Note 290,000.00 294,683.95 0.98 Federal Agency Collateralized Mortgage Obligation 525,000.00 527,845.78 1.75 Federal Agency Bond / Note 8,780,000.00 8,791,928.38 29.22 Corporate Note 6,325,000.00 6,446,141.66 21.42 Certificate of Deposit 4,075,000.00 4,079,865.01 13.56 Managed Account Sub-Total 29,640,000.00 30,015,508.13 99.75% Accrued Interest 122,368.52 Total Portfolio 29,640,000.00 30,137,876.65 CAMP Pool 74,977.30 74,977.30 0.25 Total Investments 29,714,977.30 30,212,853.95 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 13.56% Cert of Deposit 21.42% Corporate Note 1.75% Fed Agency CMO 29.22% Fed Agy Bond / Note 0.25% Mny Mkt Fund 0.98% Muni Bond / Note 32.82% 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 0.25% 9.15% 21.49% 27.32% 20.44%21.35% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.67 1011 1.39% 1.11% Page 3 For the Month Ending September 30, 2016Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Credit Quality (S&P Ratings) 3.33% A 4.29% A+ 3.14% A- 5.74% A-1 1.91% A-1+ 1.76% AA 64.82% AA+ 13.40% AA- 0.25% AAAm 1.36% BBB+ Issuer Summary Percentof HoldingsIssuer Market Value 203,068.00 0.67 AMERICAN EXPRESS CO 589,266.90 1.96 AMERICAN HONDA FINANCE 309,567.86 1.03 APPLE INC 308,313.60 1.02 BANK OF NEW YORK CO INC 576,917.63 1.92 BANK OF NOVA SCOTIA 151,566.45 0.50 BB&T CORPORTATION 402,319.60 1.34 BERKSHIRE HATHAWAY INC 164,849.55 0.55 BURLINGTON NORTHERN SANTA FE 74,977.30 0.25 CAMP Pool 574,281.25 1.91 CANADIAN IMPERIAL BANK OF COMMERCE 768,641.12 2.55 CHEVRON CORP 581,149.77 1.93 CISCO SYSTEMS INC 105,799.47 0.35 CITIGROUP INC 5,140,770.91 17.08 FANNIE MAE 2,338,486.35 7.77 FEDERAL HOME LOAN BANKS 1,840,516.90 6.12 FREDDIE MAC 282,476.75 0.94 GENERAL ELECTRIC CO 301,998.00 1.00 GOLDMAN SACHS GROUP INC 575,057.50 1.91 HSBC HOLDINGS PLC 250,301.50 0.83 IBM CORP 591,705.48 1.97 JP MORGAN CHASE & CO 574,735.50 1.91 NORDEA BANK AB 577,716.88 1.92 ROYAL BANK OF CANADA 575,862.50 1.91 SKANDINAVISKA ENSKIDA BANKEN AB 167,578.95 0.56 STATE OF CONNECTICUT 75,572.55 0.25 STATE STREET CORPORATION 625,293.75 2.08 TORONTO-DOMINION BANK 204,232.00 0.68 TOYOTA MOTOR CORP 9,875,043.35 32.83 UNITED STATES TREASURY 127,105.00 0.42 UNIVERSITY OF CALIFORNIA 702,038.40 2.33 US BANCORP 453,274.66 1.51 WELLS FARGO & COMPANY Page 4 For the Month Ending September 30, 2016Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS $30,090,485.43 Total 100.00% Page 5 For the Month Ending September 30, 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 04/15/2015 0.750% 04/15/2018 295,046.02 294,611.96 1,021.62 294,504.49 04/27/1604/22/16AaaAA+ 295,000.00 912828K25 0.84 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 373,411.03 368,733.54 1,554.30 367,412.89 06/03/1406/02/14AaaAA+ 370,000.00 912828A34 1.41 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 384,345.75 378,904.61 18.03 380,815.43 03/27/1503/26/15AaaAA+ 375,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 1,052,091.60 1,035,636.63 3,528.69 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 554,962.65 546,033.83 588.74 544,822.27 09/03/1509/02/15AaaAA+ 550,000.00 912828UQ1 1.47 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1,160,376.45 1,138,534.11 1,231.01 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 595,281.98 583,985.01 1,937.50 585,848.63 12/04/1512/01/15AaaAA+ 575,000.00 912828VP2 1.58 US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 1,092,451.50 1,065,344.06 1,910.74 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 862,082.76 853,458.46 6,151.63 855,553.13 02/03/1602/01/16AaaAA+ 840,000.00 912828WC0 1.35 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 155,484.30 153,777.85 1,008.20 154,283.20 03/04/1603/02/16AaaAA+ 150,000.00 912828A42 1.38 US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 394,599.75 391,899.47 2,250.76 393,837.89 03/31/1603/30/16AaaAA+ 375,000.00 912828A83 1.28 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 821,375.20 813,326.05 3,538.04 814,343.75 05/31/1605/27/16AaaAA+ 800,000.00 912828N48 1.35 US TREASURY NOTES DTD 02/28/2014 2.000% 02/28/2021 596,360.10 601,744.83 984.81 603,121.09 07/08/1607/06/16AaaAA+ 575,000.00 912828B90 0.92 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 291,517.86 293,498.83 9.96 293,692.97 06/29/1606/27/16AaaAA+ 290,000.00 912828Q37 0.98 Page 6 For the Month Ending September 30, 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 06/02/2014 2.000% 05/31/2021 1,245,656.40 1,242,426.92 8,065.57 1,243,125.00 09/02/1609/01/16AaaAA+ 1,200,000.00 912828WN6 1.22 33,799.60 9,875,043.35 9,761,916.16 1.38 9,764,893.94 9,645,000.00 Security Type Sub-Total Municipal Bond / Note UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 127,105.00 125,000.00 899.11 125,000.00 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 167,578.95 165,290.44 144.76 165,463.65 03/25/1503/16/15Aa3AA- 165,000.00 20772JZK1 1.90 1,043.87 294,683.95 290,290.44 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 135,495.76 135,590.30 174.38 136,349.51 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 126,036.26 125,851.62 197.74 126,249.99 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 266,313.76 266,931.04 363.49 267,653.68 10/30/1510/07/15AaaAA+ 265,000.00 3136AQDQ0 1.08 735.61 527,845.78 528,372.96 1.05 530,253.18 525,000.00 Security Type Sub-Total Federal Agency Bond / Note FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 275,856.90 275,594.69 15.28 277,934.25 10/05/1210/04/12AaaAA+ 275,000.00 3137EADL0 0.78 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 400,355.20 397,963.41 1,263.89 393,940.00 05/31/1305/24/13AaaAA+ 400,000.00 3135G0WJ8 1.19 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 575,510.60 573,376.98 1,816.84 570,141.25 05/24/1305/22/13AaaAA+ 575,000.00 3135G0WJ8 1.05 FHLB NOTES DTD 07/08/2016 0.625% 08/07/2018 896,491.80 896,846.53 843.75 896,616.00 08/12/1608/11/16AaaAA+ 900,000.00 3130A8PK3 0.82 Page 7 For the Month Ending September 30, 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 Federal Agency Bond / Note FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 355,653.90 350,005.80 1,959.03 350,010.50 06/19/1406/16/14AaaAA+ 350,000.00 3135G0YT4 1.62 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 635,096.25 628,168.56 3,498.26 630,937.50 10/23/1410/22/14AaaAA+ 625,000.00 3135G0YT4 1.39 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 726,028.78 723,628.96 704.86 723,289.00 02/23/1602/19/16AaaAA+ 725,000.00 3135G0J53 1.08 FREDDIE MAC NOTES DTD 03/21/2016 1.125% 04/15/2019 753,330.75 754,303.18 4,453.13 754,515.00 08/15/1608/12/16AaaAA+ 750,000.00 3137EADZ9 0.90 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 382,830.38 377,560.38 2,205.73 379,260.00 12/03/1412/01/14AaaAA+ 375,000.00 3137EADG1 1.49 FHLMC REFERENCE NOTE DTD 07/20/2016 0.875% 07/19/2019 428,498.87 429,027.05 742.05 428,959.40 07/20/1607/19/16AaaAA+ 430,000.00 3137EAEB1 0.96 FNMA BENCHMARK NOTE DTD 08/02/2016 0.875% 08/02/2019 722,181.20 723,847.76 1,039.67 723,782.00 08/02/1607/29/16AaaAA+ 725,000.00 3135G0N33 0.93 FHLB GLOBAL NOTE DTD 08/04/2016 0.875% 08/05/2019 722,320.40 723,680.55 1,004.43 723,608.00 08/04/1608/03/16AaaAA+ 725,000.00 3130A8Y72 0.94 FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 599,724.00 599,088.88 483.33 599,064.00 09/02/1608/31/16AaaAA+ 600,000.00 3135G0P49 1.05 FHLB GLOBAL NOTE DTD 07/14/2016 1.125% 07/14/2021 719,674.15 720,772.37 1,744.53 720,591.28 07/15/1607/14/16AaaAA+ 725,000.00 3130A8QS5 1.25 FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 139,620.88 139,531.91 204.17 139,521.06 08/19/1608/17/16AaaAA+ 140,000.00 3135G0N82 1.32 FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 458,754.32 458,179.21 670.83 458,137.00 08/19/1608/17/16AaaAA+ 460,000.00 3135G0N82 1.33 22,649.78 8,791,928.38 8,771,576.22 1.09 8,770,306.24 8,780,000.00 Security Type Sub-Total Corporate Note Page 8 For the Month Ending September 30, 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 US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 702,038.40 700,000.00 4,363.33 714,952.00 07/30/1207/25/12A1A+ 700,000.00 91159HHD5 1.19 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 149,890.80 150,000.00 533.60 150,000.00 12/05/1211/28/12Aa2AA- 150,000.00 166764AA8 1.10 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 174,872.60 175,214.95 622.53 175,946.75 12/05/1211/29/12Aa2AA- 175,000.00 166764AA8 0.99 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 250,301.50 249,682.68 460.07 248,855.00 02/08/1302/05/13Aa3AA- 250,000.00 459200HK0 1.35 BERKSHIRE HATHAWAY GLOBAL NOTE DTD 02/11/2013 1.550% 02/09/2018 402,319.60 399,844.76 895.56 399,444.00 02/11/1301/29/13Aa2AA 400,000.00 084670BH0 1.58 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 309,567.86 309,629.87 1,274.44 308,856.10 05/03/1304/30/13Aa1AA+ 310,000.00 037833AJ9 1.08 CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 443,877.72 440,000.00 2,036.78 440,000.00 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 275,281.47 271,407.08 478.13 272,565.00 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 305,868.30 301,968.80 531.25 302,817.00 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 50,333.00 49,880.56 433.33 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 251,665.00 249,862.46 2,166.67 249,840.00 04/26/1604/21/16A3BBB+ 250,000.00 38141GVT8 2.02 CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 105,799.47 104,950.90 669.67 104,945.40 06/09/1606/02/16Baa1BBB+ 105,000.00 172967KS9 2.07 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 589,266.90 574,363.80 1,653.13 573,936.25 09/09/1409/04/14A1A+ 575,000.00 02665WAH4 2.29 Page 9 For the Month Ending September 30, 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 BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 164,849.55 164,143.88 3,525.00 165,585.00 06/08/1606/03/16A3A 150,000.00 12189TBC7 1.48 GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 282,476.75 277,109.56 3,170.14 289,082.50 03/25/1503/20/15A1AA- 250,000.00 36962G4J0 2.05 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 75,545.78 75,201.72 273.23 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 377,728.88 376,779.40 1,366.15 377,621.25 02/05/1502/02/15A2A 375,000.00 94974BGF1 2.00 TOYOTA MOTOR CORP NOTES DTD 03/12/2015 2.150% 03/12/2020 204,232.00 201,253.31 226.94 201,776.00 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 591,705.48 577,248.30 4,304.51 577,857.75 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 308,313.60 306,489.63 4,625.00 306,978.00 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 203,068.00 199,566.99 1,825.00 199,536.00 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 151,566.45 149,908.29 1,204.38 149,901.00 05/16/1605/10/16A2A- 150,000.00 05531FAV5 2.06 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 75,572.55 74,735.72 536.25 74,716.50 05/24/1605/19/16A1A 75,000.00 857477AV5 2.03 37,175.09 6,446,141.66 6,379,242.66 1.82 6,410,360.50 6,325,000.00 Security Type Sub-Total Certificate of Deposit CANADIAN IMPERIAL BANK NY YCD DTD 04/10/2015 1.010% 04/06/2017 574,281.25 575,000.00 2,823.09 575,000.00 04/10/1504/06/15P-1A-1 575,000.00 13606JYY9 1.01 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 574,735.50 575,000.00 2,351.11 575,000.00 05/29/1505/27/15Aa3AA- 575,000.00 65558LFA5 1.15 Page 10 For the Month Ending September 30, 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 TORONTO DOMINION BANK NY YCD DTD 06/19/2015 1.240% 06/16/2017 625,293.75 625,000.00 2,217.36 625,000.00 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 576,917.63 575,000.00 3,612.92 575,000.00 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 575,862.50 575,000.00 7,540.81 575,000.00 11/17/1511/16/15P-1A-1 575,000.00 83050FBG5 1.48 HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 575,057.50 575,000.00 7,821.92 575,000.00 11/18/1511/17/15P-1A-1+ 575,000.00 40428AR58 1.54 ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 577,716.88 575,000.00 597.36 575,000.00 03/15/1603/11/16Aa3AA- 575,000.00 78009NZZ2 1.69 26,964.57 4,079,865.01 4,075,000.00 1.38 4,075,000.00 4,075,000.00 Security Type Sub-Total 29,640,000.00 29,841,277.51 1.39 122,368.52 29,806,398.44 30,015,508.13 Managed Account Sub-Total Money Market Fund CAMP Pool 74,977.30 74,977.30 0.00 74,977.30 NRAAAm 74,977.30 74,977.30 74,977.30 0.00 74,977.30 74,977.30 Money Market Sub-Total $29,714,977.30 $29,916,254.81 $122,368.52 $29,881,375.74 $30,090,485.43 1.39% $30,212,853.95 $122,368.52 Total Investments Accrued Interest Securities Sub-Total Page 11 For the Month Ending September 30, 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 1.52 434.06 541.53 295,046.02 100.02 MORGANST 295,000.00 912828K25US TREASURY NOTES DTD 04/15/2015 0.750% 04/15/2018 0.74 1.52 2.13 4,677.49 5,998.14 373,411.03 100.92 CITIGRP 370,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 0.82 2.13 2.92 5,441.14 3,530.32 384,345.75 102.49 JPMCHASE 375,000.00 912828F39US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 0.91 2.92 3.10 16,454.97 22,353.32 1,052,091.60 100.20 CITIGRP 1,050,000.00 912828UB4US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 0.94 3.10 3.34 8,928.82 10,140.38 554,962.65 100.90 MERRILL 550,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 0.98 3.34 3.34 21,842.34 24,751.45 1,160,376.45 100.90 CITIGRP 1,150,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 0.98 3.34 3.68 11,296.97 9,433.35 595,281.98 103.53 MERRILL 575,000.00 912828VP2US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 1.06 3.68 3.76 27,107.44 24,281.58 1,092,451.50 104.04 MORGANST 1,050,000.00 912828VV9US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 1.07 3.76 3.91 8,624.30 6,529.63 862,082.76 102.63 MERRILL 840,000.00 912828WC0US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 1.09 3.91 3.97 1,706.45 1,201.10 155,484.30 103.66 MERRILL 150,000.00 912828A42US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 1.10 3.97 4.03 2,700.28 761.86 394,599.75 105.23 MERRILL 375,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 1.11 4.03 4.08 8,049.15 7,031.45 821,375.20 102.67 MORGANST 800,000.00 912828N48US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 1.10 4.08 4.22 (5,384.73)(6,760.99) 596,360.10 103.71 MORGANST 575,000.00 912828B90US TREASURY NOTES DTD 02/28/2014 2.000% 02/28/2021 1.14 4.22 4.37 (1,980.97)(2,175.11) 291,517.86 100.52 CITIGRP 290,000.00 912828Q37US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 1.13 4.37 4.43 3,229.48 2,531.40 1,245,656.40 103.80 HSBC 1,200,000.00 912828WN6US TREASURY NOTES DTD 06/02/2014 2.000% 05/31/2021 1.16 4.43 110,149.41 1.04 3.63 113,127.19 9,875,043.35 9,645,000.00 Security Type Sub-Total 3.63 Municipal Bond / Note Page 12 For the Month Ending September 30, 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 Municipal Bond / Note 1.59 2,105.00 2,105.00 127,105.00 101.68 GOLDMAN 125,000.00 91412GUV5UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 0.86 1.59 2.39 2,288.51 2,115.30 167,578.95 101.56 VINING 165,000.00 20772JZK1CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 1.33 2.39 4,220.30 1.12 2.05 4,393.51 294,683.95 290,000.00 Security Type Sub-Total 2.05 Federal Agency Collateralized Mortgage Obligation 1.32 (94.54)(853.75) 135,495.76 100.37 GOLDMAN 135,000.00 3136ANJY4FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 1.20 1.35 2.03 184.64 (213.73) 126,036.26 100.83 GOLDMAN 125,000.00 3136AQSW1FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 1.43 1.56 2.70 (617.28)(1,339.92) 266,313.76 100.50 MORGANST 265,000.00 3136AQDQ0FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 1.42 1.91 (2,407.40) 1.37 2.19 (527.18) 527,845.78 525,000.00 Security Type Sub-Total 1.68 Federal Agency Bond / Note 0.99 262.21 (2,077.35) 275,856.90 100.31 JEFFERIE 275,000.00 3137EADL0FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 0.69 0.99 1.62 2,391.79 6,415.20 400,355.20 100.09 CSFB 400,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.82 1.62 1.62 2,133.62 5,369.35 575,510.60 100.09 BNP PARI 575,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.82 1.62 1.84 (354.73)(124.20) 896,491.80 99.61 CITIGRP 900,000.00 3130A8PK3FHLB NOTES DTD 07/08/2016 0.625% 08/07/2018 0.84 1.84 2.11 5,648.10 5,643.40 355,653.90 101.62 HSBC 350,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 0.87 2.11 2.11 6,927.69 4,158.75 635,096.25 101.62 GOLDMAN 625,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 0.87 2.11 2.37 2,399.82 2,739.78 726,028.78 100.14 JPMCHASE 725,000.00 3135G0J53FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 0.94 2.37 2.49 (972.43)(1,184.25) 753,330.75 100.44 TD SEC U 750,000.00 3137EADZ9FREDDIE MAC NOTES DTD 03/21/2016 1.125% 04/15/2019 0.95 2.49 Page 13 For the Month Ending September 30, 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 2.59 5,270.00 3,570.38 382,830.38 102.09 TD SEC U 375,000.00 3137EADG1FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 0.95 2.59 2.76 (528.18)(460.53) 428,498.87 99.65 TD SEC U 430,000.00 3137EAEB1FHLMC REFERENCE NOTE DTD 07/20/2016 0.875% 07/19/2019 1.00 2.76 2.79 (1,666.56)(1,600.80) 722,181.20 99.61 GOLDMAN 725,000.00 3135G0N33FNMA BENCHMARK NOTE DTD 08/02/2016 0.875% 08/02/2019 1.01 2.79 2.80 (1,360.15)(1,287.60) 722,320.40 99.63 WELLSFAR 725,000.00 3130A8Y72FHLB GLOBAL NOTE DTD 08/04/2016 0.875% 08/05/2019 1.01 2.80 2.86 635.12 660.00 599,724.00 99.95 GOLDMAN 600,000.00 3135G0P49FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 1.02 2.86 4.63 (1,098.22)(917.13) 719,674.15 99.27 TD SEC U 725,000.00 3130A8QS5FHLB GLOBAL NOTE DTD 07/14/2016 1.125% 07/14/2021 1.28 4.63 4.71 88.97 99.82 139,620.88 99.73 TD SEC U 140,000.00 3135G0N82FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 1.31 4.71 4.71 575.11 617.32 458,754.32 99.73 CITIGRP 460,000.00 3135G0N82FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 1.31 4.71 21,622.14 0.97 2.65 20,352.16 8,791,928.38 8,780,000.00 Security Type Sub-Total 2.65 Corporate Note 0.54 2,038.40 (12,913.60) 702,038.40 100.29 04/15/17BARCLAYS 700,000.00 91159HHD5US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 1.18 0.48 1.17 (109.20)(109.20) 149,890.80 99.93 11/05/17MORGANST 150,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.17 1.13 1.17 (342.35)(1,074.15) 174,872.60 99.93 11/05/17BARCLAYS 175,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.17 1.13 1.34 618.82 1,446.50 250,301.50 100.12 HSBC 250,000.00 459200HK0IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 1.16 1.34 1.34 2,474.84 2,875.60 402,319.60 100.58 GOLDMAN 400,000.00 084670BH0BERKSHIRE HATHAWAY GLOBAL NOTE DTD 02/11/2013 1.550% 02/09/2018 1.12 1.34 1.57 (62.01) 711.76 309,567.86 99.86 GOLDMAN 310,000.00 037833AJ9APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 1.09 1.57 Page 14 For the Month Ending September 30, 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 1.70 3,877.72 3,877.72 443,877.72 100.88 BARCLAYS 440,000.00 166764AE0CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1.20 1.70 2.35 3,874.39 2,716.47 275,281.47 101.96 BONY 270,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.35 2.35 3,899.50 3,051.30 305,868.30 101.96 BNP PARI 300,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.35 2.40 452.44 472.00 50,333.00 100.67 03/25/19GOLDMAN 50,000.00 38141GVT8GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 1.73 2.44 2.40 1,802.54 1,825.00 251,665.00 100.67 03/25/19MIZUHO 250,000.00 38141GVT8GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 1.73 2.44 2.59 848.57 854.07 105,799.47 100.76 CITIGRP 105,000.00 172967KS9CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 1.76 2.59 2.78 14,903.10 15,330.65 589,266.90 102.48 MERRILL 575,000.00 02665WAH4AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 1.37 2.78 2.77 705.67 (735.45) 164,849.55 109.90 GOLDMAN 150,000.00 12189TBC7BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 1.33 2.77 3.00 5,367.19 (6,605.75) 282,476.75 112.99 GOLDMAN 250,000.00 36962G4J0GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 1.42 3.00 3.19 344.06 257.78 75,545.78 100.73 1ST TENN 75,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 1.92 3.19 3.19 949.48 107.63 377,728.88 100.73 JEFFERIE 375,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 1.92 3.19 3.32 2,978.69 2,456.00 204,232.00 102.12 HSBC 200,000.00 89236TCF0TOYOTA MOTOR CORP NOTES DTD 03/12/2015 2.150% 03/12/2020 1.52 3.32 3.44 14,457.18 13,847.73 591,705.48 102.91 05/23/20JPMCHASE 575,000.00 46625HLW8JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 1.94 3.48 4.22 1,823.97 1,335.60 308,313.60 102.77 KEYBAN 300,000.00 06406FAA1BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 1.86 4.22 4.32 3,501.01 3,532.00 203,068.00 101.53 KEYBAN 200,000.00 0258M0EB1AMERICAN EXPRESS CREDIT CORP NOTES DTD 05/05/2016 2.250% 05/05/2021 1.90 4.32 Page 15 For the Month Ending September 30, 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 4.35 1,658.16 1,665.45 151,566.45 101.04 SCOTIA 150,000.00 05531FAV5BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 1.81 4.35 4.39 836.83 856.05 75,572.55 100.76 GOLDMAN 75,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.78 4.39 35,781.16 1.46 2.40 66,899.00 6,446,141.66 6,325,000.00 Security Type Sub-Total 2.40 Certificate of Deposit 0.51 (718.75)(718.75) 574,281.25 99.88 GOLDMAN 575,000.00 13606JYY9CANADIAN IMPERIAL BANK NY YCD DTD 04/10/2015 1.010% 04/06/2017 1.23 0.51 0.65 (264.50)(264.50) 574,735.50 99.95 MERRILL 575,000.00 65558LFA5NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 1.21 0.65 0.71 293.75 293.75 625,293.75 100.05 TD SEC U 625,000.00 89113ESN7TORONTO DOMINION BANK NY YCD DTD 06/19/2015 1.240% 06/16/2017 1.17 0.71 1.09 1,917.63 1,917.63 576,917.63 100.33 UBS AG 575,000.00 06417GAS7BANK OF NOVA SCOTIA HOUSTON YCD DTD 11/09/2015 1.560% 11/06/2017 1.23 1.09 1.13 862.50 862.50 575,862.50 100.15 GOLDMAN 575,000.00 83050FBG5SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 0.04 1.13 1.13 57.50 57.50 575,057.50 100.01 HSBC 575,000.00 40428AR58HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 0.84 1.13 1.43 2,716.88 2,716.88 577,716.88 100.47 RBC CAP 575,000.00 78009NZZ2ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 1.34 1.43 4,865.01 1.01 0.95 4,865.01 4,079,865.01 4,075,000.00 Security Type Sub-Total 0.95 29,640,000.00 30,015,508.13 174,230.62 209,109.69 2.67 1.11 Managed Account Sub-Total 2.67 Money Market Fund 0.00 0.00 0.00 74,977.30 1.00 74,977.30 CAMP Pool 0.00 74,977.30 74,977.30 0.00 0.00 0.00 Money Market Sub-Total 0.00 Page 16 For the Month Ending September 30, 2016Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Investments $30,212,853.95 $122,368.52 $30,090,485.43 Accrued Interest Securities Sub-Total $29,714,977.30 $174,230.62 $209,109.69 2.67 1.11% 2.67 Page 17 For the Month Ending September 30, 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 09/02/16 FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 3135G0P49 (599,064.00) 0.00 (599,064.00) 600,000.00 08/31/16 09/02/16 US TREASURY NOTES DTD 06/02/2014 2.000% 05/31/2021 912828WN6 (1,243,125.00)(6,163.93)(1,249,288.93) 1,200,000.00 09/01/16 (6,163.93) (1,848,352.93)(1,842,189.00) 1,800,000.00 Transaction Type Sub-Total INTEREST 09/01/16 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 17275RAR3 0.00 2,868.75 2,868.75 270,000.00 09/01/16 09/01/16 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 17275RAR3 0.00 3,187.50 3,187.50 300,000.00 09/01/16 09/25/16 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 3136AQSW1 0.00 197.72 197.72 125,000.00 09/01/16 09/25/16 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 09/01/16 09/25/16 FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 3136ANJY4 0.00 174.38 174.38 135,000.00 09/01/16 09/09/16 ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 78009NZZ2 0.00 4,724.58 4,724.58 575,000.00 09/09/16 09/12/16 TOYOTA MOTOR CORP NOTES DTD 03/12/2015 2.150% 03/12/2020 89236TCF0 0.00 2,150.00 2,150.00 200,000.00 09/12/16 09/15/16 CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 20772JZK1 0.00 1,628.55 1,628.55 165,000.00 09/15/16 09/29/16 FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 3137EADL0 0.00 1,375.00 1,375.00 275,000.00 09/29/16 09/30/16 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 912828Q37 0.00 1,812.50 1,812.50 290,000.00 09/30/16 09/30/16 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 912828F39 0.00 3,281.25 3,281.25 375,000.00 09/30/16 21,763.72 21,763.72 0.00 2,975,000.00 Transaction Type Sub-Total SELL Page 18 For the Month Ending September 30, 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 09/02/16 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 912828F39 588,970.70 4,261.44 593,232.14 5,053.70 7,829.11 SPEC LOT 575,000.00 08/31/16 09/02/16 HSBC USA INC DTD 06/23/2014 1.300% 06/23/2017 40434CAA3 249,892.50 622.92 250,515.42 272.50 (3.65)SPEC LOT 250,000.00 09/01/16 09/02/16 JOHN DEERE CAPITAL CORP NOTES DTD 06/12/2014 1.125% 06/12/2017 24422ESN0 435,413.25 1,087.50 436,500.75 617.70 466.90 SPEC LOT 435,000.00 09/01/16 09/02/16 RABOBANK NEDERLAND NV CERT DEPOS DTD 04/27/2015 1.070% 04/21/2017 21684BXH2 574,090.39 2,238.83 576,329.22 (909.61)(909.61)SPEC LOT 575,000.00 09/01/16 8,210.69 7,382.75 5,034.29 1,856,577.53 1,848,366.84 1,835,000.00 Transaction Type Sub-Total 6,177.84 23,810.48 29,988.32 5,034.29 7,382.75 Managed Account Sub-Total Total Security Transactions $5,034.29 $29,988.32 $23,810.48 $6,177.84 $7,382.75 Page 19 For the Month Ending September 30, 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 47,478.52 Opening Balance 09/01/16 09/01/16 Purchase - Interest 17275RAR3 1.00 3,187.50 50,666.02 09/01/16 09/01/16 Purchase - Interest 17275RAR3 1.00 2,868.75 53,534.77 09/02/16 09/02/16 Purchase - Interest 21684BXH2 1.00 2,238.83 55,773.60 09/02/16 09/02/16 Purchase - Principal 21684BXH2 1.00 574,090.39 629,863.99 09/02/16 09/02/16 Purchase - Interest 24422ESN0 1.00 1,087.50 630,951.49 09/02/16 09/02/16 Purchase - Principal 24422ESN0 1.00 435,413.25 1,066,364.74 09/02/16 09/02/16 Purchase - Interest 40434CAA3 1.00 622.92 1,066,987.66 09/02/16 09/02/16 Purchase - Principal 40434CAA3 1.00 249,892.50 1,316,880.16 09/02/16 09/02/16 Purchase - Interest 912828F39 1.00 4,261.44 1,321,141.60 09/02/16 09/02/16 Purchase - Principal 912828F39 1.00 588,970.70 1,910,112.30 09/02/16 09/02/16 Redemption - Interest 912828WN6 1.00 (6,163.93) 1,903,948.37 09/02/16 09/02/16 Redemption - Principal 912828WN6 1.00 (1,243,125.00) 660,823.37 09/02/16 09/02/16 Redemption - Principal 3135G0P49 1.00 (599,064.00) 61,759.37 09/09/16 09/09/16 Purchase - Interest 78009NZZ2 1.00 4,724.58 66,483.95 09/12/16 09/12/16 Purchase - Interest 89236TCF0 1.00 2,150.00 68,633.95 09/15/16 09/15/16 Purchase - Interest 20772JZK1 1.00 1,628.55 70,262.50 09/23/16 09/23/16 IP Fees August 2016 1.00 (2,341.51) 67,920.99 09/23/16 09/23/16 U.S. Bank Fees July 2016 1.00 (182.88) 67,738.11 09/26/16 09/26/16 Purchase - Interest 3136ANJY4 1.00 174.38 67,912.49 09/26/16 09/26/16 Purchase - Interest 3136AQDQ0 1.00 363.49 68,275.98 09/26/16 09/26/16 Purchase - Interest 3136AQSW1 1.00 197.72 68,473.70 Page 20 For the Month Ending September 30, 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 09/29/16 09/29/16 Purchase - Interest 3137EADL0 1.00 1,375.00 69,848.70 09/30/16 09/30/16 Purchase - Interest 912828F39 1.00 3,281.25 73,129.95 09/30/16 09/30/16 Purchase - Interest 912828Q37 1.00 1,812.50 74,942.45 09/30/16 10/03/16 Accrual Income Div Reinvestment - Distributions 1.00 34.85 74,977.30 74,977.30 74,977.30 74,977.30 66,892.18 171.77 0.00 (14,583,845.10) 14,635,834.94 22,987.46 34.85 74,977.30 0.00 (1,850,877.32) 1,878,376.10 47,478.52 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 September January-September 0.64% Page 21 Housing Funds CAMP Account For the Month Ending September 30, 2016Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 21,442.70 467,494.20 (484,365.59) 0.00 $4,571.31 CAMP Pool Unsettled Trades 0.00 3.65 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 5,082,465.91 357,977.19 (338,454.41) 56.78 $5,102,045.47 CAMP Managed Account Unsettled Trades 0.00 5,842.27 Cash Dividends and Income September 30, 2016 August 31, 2016 Asset Summary CAMP Pool 4,571.31 21,442.70 CAMP Managed Account 5,102,045.47 5,082,465.91 $5,106,616.78 $5,103,908.61 Total Asset Allocation 0.09% CAMP Pool 99.91% CAMP Managed Account Page 1 For the Month Ending September 30, 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 $21,442.70 467,494.20 (484,365.59) $4,571.31 3.65 $5,082,465.91 0.00 (338,454.41) 357,977.19 0.00 56.78 $5,102,045.47 $5,103,908.61 $5,106,616.78 6,120.51 (1,155.74) 877.50 $5,842.27 0.00 463,942.69 3,547.86 0.00 (483,937.93) 16,447.38 0.00 Managed Account Total 5,071,338.60 5,075,909.91 18,898.38 340,137.72 0.00 3,547.86 (359,132.93) (5,050,415.42) (16,777.88) 0.00 18,898.38 824,503.31 0.00 3,547.86 (826,627.13) (5,071,858.12) (16,777.88) 3.65 Total Accrual Basis Earnings $7,596.33 $7,599.98 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending September 30, 2016Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 1,775,000.00 1,816,043.50 35.56 Municipal Bond / Note 30,000.00 30,468.90 0.60 Federal Agency Collateralized Mortgage Obligation 95,000.00 95,522.15 1.87 Federal Agency Bond / Note 1,435,000.00 1,434,711.06 28.10 Corporate Note 1,310,000.00 1,324,713.36 25.94 Certificate of Deposit 400,000.00 400,586.50 7.84 Managed Account Sub-Total 5,045,000.00 5,102,045.47 99.91% Accrued Interest 18,898.38 Total Portfolio 5,045,000.00 5,120,943.85 CAMP Pool 4,571.31 4,571.31 0.09 Total Investments 5,049,571.31 5,125,515.16 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 7.84% Cert of Deposit 25.94% Corporate Note 1.87% Fed Agency CMO 28.10% Fed Agy Bond / Note 0.09% Mny Mkt Fund 0.60% Muni Bond / Note 35.56% 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 0.09% 5.39% 27.64% 24.63% 19.47% 22.78% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.69 1016 1.36% 1.11% Page 3 For the Month Ending September 30, 2016Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - HOUSING FUNDS Credit Quality (S&P Ratings) 7.45% A 4.46% A+ 2.51% A- 1.96% A-1 1.96% A-1+ 66.61% AA+ 13.48% AA- 0.09% AAAm 1.48% BBB+ Issuer Summary Percentof HoldingsIssuer Market Value 102,481.20 2.01 AMERICAN HONDA FINANCE 54,923.33 1.08 APPLE INC 151,661.50 2.97 BANK OF NEW YORK CO INC 25,261.08 0.49 BB&T CORPORTATION 27,474.93 0.54 BURLINGTON NORTHERN SANTA FE 4,571.31 0.09 CAMP Pool 255,577.64 5.00 CHEVRON CORP 101,956.10 2.00 CISCO SYSTEMS INC 25,190.35 0.49 CITIGROUP INC 1,006,920.56 19.72 FANNIE MAE 523,312.65 10.25 FEDERAL HOME LOAN BANKS 50,333.00 0.99 GOLDMAN SACHS GROUP INC 100,010.00 1.96 HSBC HOLDINGS PLC 100,120.60 1.96 IBM CORP 102,905.30 2.02 JP MORGAN CHASE & CO 99,954.00 1.96 NORDEA BANK AB 100,472.50 1.97 ROYAL BANK OF CANADA 100,150.00 1.96 SKANDINAVISKA ENSKIDA BANKEN AB 30,468.90 0.60 STATE OF CONNECTICUT 25,190.85 0.49 STATE STREET CORPORATION 1,816,043.50 35.55 UNITED STATES TREASURY 125,364.00 2.45 US BANCORP 176,273.48 3.45 WELLS FARGO & COMPANY $5,106,616.78 Total 100.00% Page 4 For the Month Ending September 30, 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 10/01/2012 0.625% 09/30/2017 49,976.55 49,940.10 0.86 49,708.98 10/31/1210/26/12AaaAA+ 50,000.00 912828TS9 0.75 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 149,882.85 149,044.61 315.06 147,117.19 05/09/1405/06/14AaaAA+ 150,000.00 912828UA6 1.18 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 95,875.81 94,674.83 399.08 94,335.74 06/03/1406/02/14AaaAA+ 95,000.00 912828A34 1.41 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 150,298.80 147,948.09 504.10 147,105.47 05/29/1505/28/15AaaAA+ 150,000.00 912828UB4 1.44 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 126,127.88 123,753.71 133.81 123,437.50 11/09/1511/05/15AaaAA+ 125,000.00 912828UQ1 1.55 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 151,353.45 149,670.43 160.57 149,578.13 10/09/1510/08/15AaaAA+ 150,000.00 912828UQ1 1.32 US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 77,645.48 76,171.96 252.72 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 182,075.25 177,557.34 318.46 178,028.32 12/30/1512/28/15AaaAA+ 175,000.00 912828VV9 1.74 US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 102,628.90 101,602.20 732.34 101,851.56 02/03/1602/01/16AaaAA+ 100,000.00 912828WC0 1.35 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 77,742.15 76,888.92 504.10 77,141.60 03/04/1603/02/16AaaAA+ 75,000.00 912828A42 1.38 US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 131,533.25 130,633.16 750.25 131,279.30 03/31/1603/30/16AaaAA+ 125,000.00 912828A83 1.28 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 128,339.88 127,082.20 552.82 127,241.21 05/31/1605/27/16AaaAA+ 125,000.00 912828N48 1.35 US TREASURY NOTES DTD 02/28/2014 2.000% 02/28/2021 103,714.80 104,651.28 171.27 104,890.63 07/08/1607/06/16AaaAA+ 100,000.00 912828B90 0.92 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 55,287.87 55,663.57 1.89 55,700.39 06/29/1606/27/16AaaAA+ 55,000.00 912828Q37 0.98 Page 5 For the Month Ending September 30, 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 06/02/2014 2.000% 05/31/2021 233,560.58 232,955.05 1,512.30 233,085.94 09/02/1609/01/16AaaAA+ 225,000.00 912828WN6 1.22 6,309.63 1,816,043.50 1,798,237.45 1.33 1,796,917.00 1,775,000.00 Security Type Sub-Total Municipal Bond / Note CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 30,468.90 30,052.81 26.32 30,084.30 03/25/1503/16/15Aa3AA- 30,000.00 20772JZK1 1.90 26.32 30,468.90 30,052.81 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 25,091.81 25,109.32 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 25,207.25 25,170.33 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 45,223.09 45,327.92 61.73 45,450.63 10/30/1510/07/15AaaAA+ 45,000.00 3136AQDQ0 1.08 133.56 95,522.15 95,607.57 1.05 95,950.54 95,000.00 Security Type Sub-Total Federal Agency Bond / Note FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 50,081.95 49,892.37 188.37 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 100,088.80 99,490.85 315.97 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 125,111.00 124,647.17 394.97 123,943.75 05/24/1305/22/13AaaAA+ 125,000.00 3135G0WJ8 1.05 FEDERAL HOME LOAN BANKS AGCY DTD 05/27/2016 0.875% 06/29/2018 50,192.20 50,010.31 111.81 50,011.08 08/12/1608/11/16AaaAA+ 50,000.00 3130A8BD4 0.86 FHLB NOTES DTD 07/08/2016 0.625% 08/07/2018 99,610.20 99,649.61 93.75 99,624.00 08/12/1608/11/16AaaAA+ 100,000.00 3130A8PK3 0.82 Page 6 For the Month Ending September 30, 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 Federal Agency Bond / Note FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 106,696.17 105,532.32 587.71 105,997.50 10/23/1410/22/14AaaAA+ 105,000.00 3135G0YT4 1.39 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 50,070.95 50,119.31 48.61 50,126.50 08/08/1608/05/16AaaAA+ 50,000.00 3135G0J53 0.90 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 125,177.38 124,763.61 121.53 124,705.00 02/23/1602/19/16AaaAA+ 125,000.00 3135G0J53 1.08 FNMA BENCHMARK NOTE DTD 08/02/2016 0.875% 08/02/2019 124,514.00 124,801.34 179.25 124,790.00 08/02/1607/29/16AaaAA+ 125,000.00 3135G0N33 0.93 FHLB GLOBAL NOTE DTD 08/04/2016 0.875% 08/05/2019 124,538.00 124,772.51 173.18 124,760.00 08/04/1608/03/16AaaAA+ 125,000.00 3130A8Y72 0.94 FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 124,942.50 124,810.18 100.69 124,805.00 09/02/1608/31/16AaaAA+ 125,000.00 3135G0P49 1.05 FHLB GLOBAL NOTES DTD 09/09/2016 1.000% 09/26/2019 124,890.50 124,893.27 17.36 124,891.25 09/09/1609/08/16AaaAA+ 125,000.00 3130A9EP2 1.03 FHLB GLOBAL NOTE DTD 07/14/2016 1.125% 07/14/2021 124,081.75 124,271.10 300.78 124,239.88 07/15/1607/14/16AaaAA+ 125,000.00 3130A8QS5 1.25 FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 24,932.30 24,916.42 36.46 24,914.48 08/19/1608/17/16AaaAA+ 25,000.00 3135G0N82 1.32 FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 79,783.36 79,683.34 116.67 79,676.00 08/19/1608/17/16AaaAA+ 80,000.00 3135G0N82 1.33 2,787.11 1,434,711.06 1,432,253.71 1.08 1,430,582.94 1,435,000.00 Security Type Sub-Total Corporate Note US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 125,364.00 125,313.23 779.17 127,670.00 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 74,945.40 75,092.12 266.80 75,405.75 12/05/1211/29/12Aa2AA- 75,000.00 166764AA8 0.99 Page 7 For the Month Ending September 30, 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 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 99,927.20 100,000.00 355.73 100,000.00 12/05/1211/28/12Aa2AA- 100,000.00 166764AA8 1.10 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 100,120.60 99,873.07 184.03 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 100,275.90 99,991.50 93.75 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 54,923.33 54,934.33 226.11 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 80,705.04 80,000.00 370.32 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 50,978.05 50,260.57 88.54 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 50,978.05 50,328.13 88.54 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 50,333.00 49,972.49 433.33 49,968.00 04/26/1604/21/16A3BBB+ 50,000.00 38141GVT8 2.02 CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 25,190.35 24,988.31 159.44 24,987.00 06/09/1606/02/16Baa1BBB+ 25,000.00 172967KS9 2.07 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 102,481.20 99,889.36 287.50 99,815.00 09/09/1409/04/14A1A+ 100,000.00 02665WAH4 2.29 BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 27,474.93 27,357.31 587.50 27,597.50 06/08/1606/03/16A3A 25,000.00 12189TBC7 1.48 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 176,273.48 175,830.39 637.53 176,223.25 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 102,905.30 100,391.01 748.61 100,497.00 09/04/1509/01/15A3A- 100,000.00 46625HLW8 2.64 Page 8 For the Month Ending September 30, 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 CORP DTD 02/19/2016 2.500% 04/15/2021 51,385.60 51,068.62 770.83 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 25,261.08 24,984.71 200.73 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 25,190.85 24,911.91 178.75 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 6,457.21 1,324,713.36 1,315,187.06 1.70 1,318,456.05 1,310,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 99,954.00 100,000.00 408.89 100,000.00 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 100,150.00 100,000.00 1,311.44 100,000.00 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 100,010.00 100,000.00 1,360.33 100,000.00 11/18/1511/17/15P-1A-1+ 100,000.00 40428AR58 1.54 ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 100,472.50 100,000.00 103.89 100,000.00 03/15/1603/11/16Aa3AA- 100,000.00 78009NZZ2 1.69 3,184.55 400,586.50 400,000.00 1.46 400,000.00 400,000.00 Security Type Sub-Total 5,045,000.00 5,071,990.83 1.36 18,898.38 5,071,338.60 5,102,045.47 Managed Account Sub-Total Money Market Fund CAMP Pool 4,571.31 4,571.31 0.00 4,571.31 NRAAAm 4,571.31 4,571.31 4,571.31 0.00 4,571.31 4,571.31 Money Market Sub-Total $5,049,571.31 $5,076,562.14 $18,898.38 $5,075,909.91 $5,106,616.78 1.36% $18,898.38 Total Investments Accrued Interest Securities Sub-Total $5,125,515.16 Page 9 For the Month Ending September 30, 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 1.00 36.45 267.57 49,976.55 99.95 CITIGRP 50,000.00 912828TS9US TREASURY NOTES DTD 10/01/2012 0.625% 09/30/2017 0.67 1.00 1.16 838.24 2,765.66 149,882.85 99.92 MERRILL 150,000.00 912828UA6US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 0.69 1.16 2.13 1,200.98 1,540.07 95,875.81 100.92 CITIGRP 95,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 0.82 2.13 3.10 2,350.71 3,193.33 150,298.80 100.20 CITIGRP 150,000.00 912828UB4US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 0.94 3.10 3.34 2,374.17 2,690.38 126,127.88 100.90 CITIGRP 125,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 0.98 3.34 3.34 1,683.02 1,775.32 151,353.45 100.90 MORGANST 150,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 0.98 3.34 3.68 1,473.52 1,230.44 77,645.48 103.53 MERRILL 75,000.00 912828VP2US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 1.06 3.68 3.76 4,517.91 4,046.93 182,075.25 104.04 MORGANST 175,000.00 912828VV9US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 1.07 3.76 3.91 1,026.70 777.34 102,628.90 102.63 MERRILL 100,000.00 912828WC0US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 1.09 3.91 3.97 853.23 600.55 77,742.15 103.66 MERRILL 75,000.00 912828A42US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 1.10 3.97 4.03 900.09 253.95 131,533.25 105.23 MERRILL 125,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 1.11 4.03 4.08 1,257.68 1,098.67 128,339.88 102.67 MORGANST 125,000.00 912828N48US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 1.10 4.08 4.22 (936.48)(1,175.83) 103,714.80 103.71 MORGANST 100,000.00 912828B90US TREASURY NOTES DTD 02/28/2014 2.000% 02/28/2021 1.14 4.22 4.37 (375.70)(412.52) 55,287.87 100.52 CITIGRP 55,000.00 912828Q37US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 1.13 4.37 4.43 605.53 474.64 233,560.58 103.80 HSBC 225,000.00 912828WN6US TREASURY NOTES DTD 06/02/2014 2.000% 05/31/2021 1.16 4.43 19,126.50 1.01 3.45 17,806.05 1,816,043.50 1,775,000.00 Security Type Sub-Total 3.45 Municipal Bond / Note Page 10 For the Month Ending September 30, 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 Municipal Bond / Note 2.39 416.09 384.60 30,468.90 101.56 VINING 30,000.00 20772JZK1CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 1.33 2.39 384.60 1.33 2.39 416.09 30,468.90 30,000.00 Security Type Sub-Total 2.39 Federal Agency Collateralized Mortgage Obligation 1.32 (17.51)(158.10) 25,091.81 100.37 GOLDMAN 25,000.00 3136ANJY4FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 1.20 1.35 2.03 36.92 (42.75) 25,207.25 100.83 GOLDMAN 25,000.00 3136AQSW1FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 1.43 1.56 2.70 (104.83)(227.54) 45,223.09 100.50 MORGANST 45,000.00 3136AQDQ0FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 1.42 1.91 (428.39) 1.36 2.16 (85.42) 95,522.15 95,000.00 Security Type Sub-Total 1.67 Federal Agency Bond / Note 1.06 189.58 468.45 50,081.95 100.16 SOC GEN 50,000.00 3135G0PQ0FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 0.72 1.06 1.62 597.95 1,603.80 100,088.80 100.09 CSFB 100,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.82 1.62 1.62 463.83 1,167.25 125,111.00 100.09 BNP PARI 125,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.82 1.62 1.73 181.89 181.12 50,192.20 100.38 WELLSFAR 50,000.00 3130A8BD4FEDERAL HOME LOAN BANKS AGCY DTD 05/27/2016 0.875% 06/29/2018 0.65 1.73 1.84 (39.41)(13.80) 99,610.20 99.61 CITIGRP 100,000.00 3130A8PK3FHLB NOTES DTD 07/08/2016 0.625% 08/07/2018 0.84 1.84 2.11 1,163.85 698.67 106,696.17 101.62 GOLDMAN 105,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 0.87 2.11 2.37 (48.36)(55.55) 50,070.95 100.14 BMO 50,000.00 3135G0J53FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 0.94 2.37 2.37 413.77 472.38 125,177.38 100.14 JPMCHASE 125,000.00 3135G0J53FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 0.94 2.37 2.79 (287.34)(276.00) 124,514.00 99.61 GOLDMAN 125,000.00 3135G0N33FNMA BENCHMARK NOTE DTD 08/02/2016 0.875% 08/02/2019 1.01 2.79 Page 11 For the Month Ending September 30, 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 2.80 (234.51)(222.00) 124,538.00 99.63 WELLSFAR 125,000.00 3130A8Y72FHLB GLOBAL NOTE DTD 08/04/2016 0.875% 08/05/2019 1.01 2.80 2.86 132.32 137.50 124,942.50 99.95 GOLDMAN 125,000.00 3135G0P49FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 1.02 2.86 2.94 (2.77)(0.75) 124,890.50 99.91 BARCLAYS 125,000.00 3130A9EP2FHLB GLOBAL NOTES DTD 09/09/2016 1.000% 09/26/2019 1.03 2.94 4.63 (189.35)(158.13) 124,081.75 99.27 TD SEC U 125,000.00 3130A8QS5FHLB GLOBAL NOTE DTD 07/14/2016 1.125% 07/14/2021 1.28 4.63 4.71 15.88 17.82 24,932.30 99.73 TD SEC U 25,000.00 3135G0N82FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 1.31 4.71 4.71 100.02 107.36 79,783.36 99.73 CITIGRP 80,000.00 3135G0N82FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 1.31 4.71 4,128.12 0.97 2.66 2,457.35 1,434,711.06 1,435,000.00 Security Type Sub-Total 2.66 Corporate Note 0.54 50.77 (2,306.00) 125,364.00 100.29 04/15/17BARCLAYS 125,000.00 91159HHD5US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 1.18 0.48 1.17 (146.72)(460.35) 74,945.40 99.93 11/05/17BARCLAYS 75,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.17 1.13 1.17 (72.80)(72.80) 99,927.20 99.93 11/05/17MORGANST 100,000.00 166764AA8CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 1.17 1.13 1.34 247.53 578.60 100,120.60 100.12 HSBC 100,000.00 459200HK0IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 1.16 1.34 1.42 284.40 304.90 100,275.90 100.28 GOLDMAN 100,000.00 06406HCJ6BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 1.16 1.36 1.57 (11.00) 126.28 54,923.33 99.86 GOLDMAN 55,000.00 037833AJ9APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 1.09 1.57 1.70 705.04 705.04 80,705.04 100.88 BARCLAYS 80,000.00 166764AE0CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1.20 1.70 2.35 717.48 503.05 50,978.05 101.96 BONY 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.35 Page 12 For the Month Ending September 30, 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 2.35 649.92 508.55 50,978.05 101.96 BNP PARI 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.35 2.40 360.51 365.00 50,333.00 100.67 03/25/19MIZUHO 50,000.00 38141GVT8GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 1.73 2.44 2.59 202.04 203.35 25,190.35 100.76 CITIGRP 25,000.00 172967KS9CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 1.76 2.59 2.78 2,591.84 2,666.20 102,481.20 102.48 MERRILL 100,000.00 02665WAH4AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 1.37 2.78 2.77 117.62 (122.57) 27,474.93 109.90 GOLDMAN 25,000.00 12189TBC7BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 1.33 2.77 3.19 443.09 50.23 176,273.48 100.73 JEFFERIE 175,000.00 94974BGF1WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 1.92 3.19 3.44 2,514.29 2,408.30 102,905.30 102.91 05/23/20JPMCHASE 100,000.00 46625HLW8JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 1.94 3.48 4.22 316.98 236.60 51,385.60 102.77 KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 1.86 4.22 4.35 276.37 277.58 25,261.08 101.04 SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 1.81 4.35 4.39 278.94 285.35 25,190.85 100.76 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.78 4.39 6,257.31 1.44 2.20 9,526.30 1,324,713.36 1,310,000.00 Security Type Sub-Total 2.19 Certificate of Deposit 0.65 (46.00)(46.00) 99,954.00 99.95 MERRILL 100,000.00 65558LFA5NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 1.21 0.65 1.13 150.00 150.00 100,150.00 100.15 GOLDMAN 100,000.00 83050FBG5SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 0.04 1.13 1.13 10.00 10.00 100,010.00 100.01 HSBC 100,000.00 40428AR58HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 0.84 1.13 Page 13 For the Month Ending September 30, 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 Certificate of Deposit 1.43 472.50 472.50 100,472.50 100.47 RBC CAP 100,000.00 78009NZZ2ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 1.34 1.43 586.50 0.86 1.08 586.50 400,586.50 400,000.00 Security Type Sub-Total 1.08 5,045,000.00 5,102,045.47 30,054.64 30,706.87 2.69 1.11 Managed Account Sub-Total 2.68 Money Market Fund 0.00 0.00 0.00 4,571.31 1.00 4,571.31 CAMP Pool 0.00 4,571.31 4,571.31 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $5,125,515.16 $18,898.38 $5,106,616.78 Accrued Interest Securities Sub-Total $5,049,571.31 $30,054.64 $30,706.87 2.69 1.11% 2.68 Page 14 For the Month Ending September 30, 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 09/02/16 FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 3135G0P49 (124,805.00) 0.00 (124,805.00) 125,000.00 08/31/16 09/02/16 US TREASURY NOTES DTD 06/02/2014 2.000% 05/31/2021 912828WN6 (233,085.94)(1,155.74)(234,241.68) 225,000.00 09/01/16 09/09/16 FHLB GLOBAL NOTES DTD 09/09/2016 1.000% 09/26/2019 3130A9EP2 (124,891.25) 0.00 (124,891.25) 125,000.00 09/08/16 (1,155.74) (483,937.93)(482,782.19) 475,000.00 Transaction Type Sub-Total INTEREST 09/01/16 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 17275RAR3 0.00 531.25 531.25 50,000.00 09/01/16 09/01/16 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 17275RAR3 0.00 531.25 531.25 50,000.00 09/01/16 09/25/16 FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 3136ANJY4 0.00 32.29 32.29 25,000.00 09/01/16 09/25/16 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 3136AQSW1 0.00 39.54 39.54 25,000.00 09/01/16 09/25/16 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 09/01/16 09/06/16 BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 06406HCJ6 0.00 675.00 675.00 100,000.00 09/06/16 09/09/16 ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 78009NZZ2 0.00 821.67 821.67 100,000.00 09/09/16 09/15/16 CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 20772JZK1 0.00 296.10 296.10 30,000.00 09/15/16 09/26/16 FHLB GLOBAL NOTES DTD 09/09/2016 1.000% 09/26/2019 3130A9EP2 0.00 59.03 59.03 125,000.00 09/26/16 09/30/16 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 912828Q37 0.00 343.75 343.75 55,000.00 09/30/16 09/30/16 US TREASURY NOTES DTD 10/01/2012 0.625% 09/30/2017 912828TS9 0.00 156.25 156.25 50,000.00 09/30/16 3,547.86 3,547.86 0.00 655,000.00 Transaction Type Sub-Total Page 15 For the Month Ending September 30, 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 SELL 09/02/16 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 912828F39 122,915.63 889.34 123,804.97 1,054.70 1,633.91 SPEC LOT 120,000.00 08/31/16 09/02/16 FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 3137EADH9 50,142.00 87.50 50,229.50 83.50 125.04 SPEC LOT 50,000.00 09/01/16 09/02/16 FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 3137EADL0 175,502.25 743.75 176,246.00 (1,365.00) 93.32 SPEC LOT 175,000.00 09/01/16 09/09/16 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 912828F39 112,810.16 852.06 113,662.22 1,104.30 1,642.38 SPEC LOT 110,000.00 09/08/16 2,572.65 3,494.65 877.50 463,942.69 461,370.04 455,000.00 Transaction Type Sub-Total (21,412.15) 4,964.77 (16,447.38) 877.50 3,494.65 Managed Account Sub-Total Total Security Transactions $877.50 ($16,447.38)$4,964.77 ($21,412.15)$3,494.65 Page 16 For the Month Ending September 30, 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 21,442.70 Opening Balance 09/01/16 09/01/16 Purchase - Interest 17275RAR3 1.00 531.25 21,973.95 09/01/16 09/01/16 Purchase - Interest 17275RAR3 1.00 531.25 22,505.20 09/02/16 09/02/16 Purchase - Interest 3137EADH9 1.00 87.50 22,592.70 09/02/16 09/02/16 Purchase - Principal 3137EADH9 1.00 50,142.00 72,734.70 09/02/16 09/02/16 Purchase - Interest 3137EADL0 1.00 743.75 73,478.45 09/02/16 09/02/16 Purchase - Principal 3137EADL0 1.00 175,502.25 248,980.70 09/02/16 09/02/16 Purchase - Interest 912828F39 1.00 889.34 249,870.04 09/02/16 09/02/16 Purchase - Principal 912828F39 1.00 122,915.63 372,785.67 09/02/16 09/02/16 Redemption - Interest 912828WN6 1.00 (1,155.74) 371,629.93 09/02/16 09/02/16 Redemption - Principal 912828WN6 1.00 (233,085.94) 138,543.99 09/02/16 09/02/16 Redemption - Principal 3135G0P49 1.00 (124,805.00) 13,738.99 09/06/16 09/06/16 Purchase - Interest 06406HCJ6 1.00 675.00 14,413.99 09/09/16 09/09/16 Purchase - Interest 78009NZZ2 1.00 821.67 15,235.66 09/09/16 09/09/16 Purchase - Interest 912828F39 1.00 852.06 16,087.72 09/09/16 09/09/16 Purchase - Principal 912828F39 1.00 112,810.16 128,897.88 09/09/16 09/09/16 Redemption - Principal 3130A9EP2 1.00 (124,891.25) 4,006.63 09/15/16 09/15/16 Purchase - Interest 20772JZK1 1.00 296.10 4,302.73 09/23/16 09/23/16 IP Fees August 2016 1.00 (396.66) 3,906.07 09/23/16 09/23/16 U.S. Bank Fees July 2016 1.00 (31.00) 3,875.07 09/26/16 09/26/16 Purchase - Interest 3130A9EP2 1.00 59.03 3,934.10 09/26/16 09/26/16 Purchase - Interest 3136ANJY4 1.00 32.29 3,966.39 Page 17 For the Month Ending September 30, 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 09/26/16 09/26/16 Purchase - Interest 3136AQDQ0 1.00 61.73 4,028.12 09/26/16 09/26/16 Purchase - Interest 3136AQSW1 1.00 39.54 4,067.66 09/30/16 09/30/16 Purchase - Interest 912828Q37 1.00 343.75 4,411.41 09/30/16 09/30/16 Purchase - Interest 912828TS9 1.00 156.25 4,567.66 09/30/16 10/03/16 Accrual Income Div Reinvestment - Distributions 1.00 3.65 4,571.31 4,571.31 4,571.31 4,571.31 7,054.40 44.66 0.00 (2,526,634.13) 2,526,996.09 4,209.35 3.65 4,571.31 0.00 (484,365.59) 467,494.20 21,442.70 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 September January-September 0.64% Page 18 Successor Agency CAMP Account For the Month Ending September 30, 2016Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Opening Market Value Purchases Redemptions Change in Value Closing Market Value 16,573.69 453,129.86 (458,355.57) 0.00 $11,347.98 CAMP Pool Unsettled Trades 0.00 5.31 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 5,286,186.51 332,078.75 (321,793.83) 1,450.07 $5,297,921.50 CAMP Managed Account Unsettled Trades 0.00 8,910.36 Cash Dividends and Income September 30, 2016 August 31, 2016 Asset Summary CAMP Pool 11,347.98 16,573.69 CAMP Managed Account 5,297,921.50 5,286,186.51 $5,309,269.48 $5,302,760.20 Total Asset Allocation 0.21% CAMP Pool 99.79% CAMP Managed Account Page 1 For the Month Ending September 30, 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 $16,573.69 453,129.86 (458,355.57) $11,347.98 5.31 $5,286,186.51 0.00 (321,793.83) 332,078.75 0.00 1,450.07 $5,297,921.50 $5,302,760.20 $5,309,269.48 6,120.76 (1,027.32) 3,816.92 $8,910.36 0.00 448,370.44 4,754.11 0.00 (457,911.07) 4,786.52 0.00 Managed Account Total 5,259,448.18 5,270,796.16 20,993.83 322,631.11 0.00 4,754.11 (333,106.07) (5,247,698.20) (19,055.04) 0.00 20,993.83 780,986.68 0.00 4,754.11 (786,235.93) (5,264,271.89) (19,055.04) 5.31 Total Accrual Basis Earnings $7,967.92 $7,973.23 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending September 30, 2016Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 1,785,000.00 1,826,174.32 34.39 Municipal Bond / Note 30,000.00 30,468.90 0.57 Federal Agency Collateralized Mortgage Obligation 95,000.00 95,522.15 1.80 Federal Agency Bond / Note 1,815,000.00 1,820,326.12 34.29 Corporate Note 1,110,000.00 1,124,843.51 21.19 Certificate of Deposit 400,000.00 400,586.50 7.55 Managed Account Sub-Total 5,235,000.00 5,297,921.50 99.79% Accrued Interest 20,993.83 Total Portfolio 5,235,000.00 5,318,915.33 CAMP Pool 11,347.98 11,347.98 0.21 Total Investments 5,246,347.98 5,330,263.31 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 7.55% Cert of Deposit 21.19% Corporate Note 1.80% Fed Agency CMO 34.29% Fed Agy Bond / Note 0.21% Mny Mkt Fund 0.57% Muni Bond / Note 34.39% 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 0.21% 6.61% 21.88% 34.80% 15.13% 21.37% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.67 1008 1.38% 1.08% Page 3 For the Month Ending September 30, 2016Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE-SUCCESSOR AGENCY Credit Quality (S&P Ratings) 4.34% A 6.65% A+ 2.41% A- 1.89% A-1 1.88% A-1+ 71.52% AA+ 9.68% AA- 0.21% AAAm 1.42% BBB+ Issuer Summary Percentof HoldingsIssuer Market Value 102,481.20 1.93 AMERICAN HONDA FINANCE 54,923.33 1.03 APPLE INC 126,592.53 2.38 BANK OF NEW YORK CO INC 25,261.08 0.48 BB&T CORPORTATION 27,474.93 0.52 BURLINGTON NORTHERN SANTA FE 11,347.98 0.21 CAMP Pool 80,705.04 1.52 CHEVRON CORP 101,956.10 1.92 CISCO SYSTEMS INC 25,190.35 0.47 CITIGROUP INC 1,159,018.34 21.84 FANNIE MAE 473,120.45 8.91 FEDERAL HOME LOAN BANKS 283,709.48 5.34 FREDDIE MAC 50,333.00 0.95 GOLDMAN SACHS GROUP INC 100,010.00 1.88 HSBC HOLDINGS PLC 100,120.60 1.89 IBM CORP 102,905.30 1.94 JP MORGAN CHASE & CO 99,954.00 1.88 NORDEA BANK AB 100,472.50 1.89 ROYAL BANK OF CANADA 100,150.00 1.89 SKANDINAVISKA ENSKIDA BANKEN AB 30,468.90 0.57 STATE OF CONNECTICUT 25,190.85 0.47 STATE STREET CORPORATION 1,826,174.32 34.41 UNITED STATES TREASURY 250,728.00 4.72 US BANCORP 50,981.20 0.96 WELLS FARGO & COMPANY $5,309,269.48 Total 100.00% Page 4 For the Month Ending September 30, 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 11/30/2012 0.625% 11/30/2017 124,902.38 124,203.84 262.55 122,597.66 05/09/1405/06/14AaaAA+ 125,000.00 912828UA6 1.18 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 20,184.38 19,895.34 84.02 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 75,691.43 74,743.29 315.06 74,475.59 06/03/1406/02/14AaaAA+ 75,000.00 912828A34 1.41 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 179,361.35 176,822.15 8.41 177,713.87 03/27/1503/26/15AaaAA+ 175,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 200,398.40 197,264.12 672.13 196,140.63 05/29/1505/28/15AaaAA+ 200,000.00 912828UB4 1.44 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 176,579.03 173,255.19 187.33 172,812.50 11/09/1511/05/15AaaAA+ 175,000.00 912828UQ1 1.55 US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 103,527.30 101,562.61 336.96 101,886.72 12/04/1512/01/15AaaAA+ 100,000.00 912828VP2 1.58 US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 192,479.55 187,703.48 336.65 188,201.37 12/30/1512/28/15AaaAA+ 185,000.00 912828VV9 1.74 US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 102,628.90 101,602.20 732.34 101,851.56 02/03/1602/01/16AaaAA+ 100,000.00 912828WC0 1.35 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 181,398.35 179,407.49 1,176.23 179,997.07 03/04/1603/02/16AaaAA+ 175,000.00 912828A42 1.38 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 128,339.88 127,082.20 552.82 127,241.21 05/31/1605/27/16AaaAA+ 125,000.00 912828N48 1.35 US TREASURY NOTES DTD 02/28/2014 2.000% 02/28/2021 77,786.10 78,488.46 128.45 78,667.97 07/08/1607/06/16AaaAA+ 75,000.00 912828B90 0.92 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 55,287.87 55,663.57 1.89 55,700.39 06/29/1606/27/16AaaAA+ 55,000.00 912828Q37 0.98 US TREASURY NOTES DTD 06/02/2014 2.000% 05/31/2021 207,609.40 207,071.15 1,344.26 207,187.50 09/02/1609/01/16AaaAA+ 200,000.00 912828WN6 1.22 Page 5 For the Month Ending September 30, 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 6,139.10 1,826,174.32 1,804,765.09 1.39 1,804,264.67 1,785,000.00 Security Type Sub-Total Municipal Bond / Note CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 30,468.90 30,052.81 26.32 30,084.30 03/25/1503/16/15Aa3AA- 30,000.00 20772JZK1 1.90 26.32 30,468.90 30,052.81 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 25,091.81 25,109.32 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 25,207.25 25,170.33 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 45,223.09 45,327.92 61.73 45,450.63 10/30/1510/07/15AaaAA+ 45,000.00 3136AQDQ0 1.08 133.56 95,522.15 95,607.57 1.05 95,950.54 95,000.00 Security Type Sub-Total Federal Agency Bond / Note FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 125,204.88 124,730.91 470.92 124,033.75 12/03/1311/27/13AaaAA+ 125,000.00 3135G0PQ0 1.08 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 75,066.60 74,618.14 236.98 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 100,088.80 99,717.74 315.97 99,155.00 05/24/1305/22/13AaaAA+ 100,000.00 3135G0WJ8 1.05 FHLB NOTES DTD 07/08/2016 0.625% 08/07/2018 99,610.20 99,649.61 93.75 99,624.00 08/12/1608/11/16AaaAA+ 100,000.00 3130A8PK3 0.82 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 106,696.17 105,532.32 587.71 105,997.50 10/23/1410/22/14AaaAA+ 105,000.00 3135G0YT4 1.39 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 127,019.25 125,002.07 699.65 125,003.75 06/19/1406/16/14AaaAA+ 125,000.00 3135G0YT4 1.62 Page 6 For the Month Ending September 30, 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 Federal Agency Bond / Note FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 50,070.95 50,119.31 48.61 50,126.50 08/08/1608/05/16AaaAA+ 50,000.00 3135G0J53 0.90 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 125,177.38 124,763.61 121.53 124,705.00 02/23/1602/19/16AaaAA+ 125,000.00 3135G0J53 1.08 FREDDIE MAC NOTES DTD 03/21/2016 1.125% 04/15/2019 130,577.33 130,745.88 771.88 130,782.60 08/15/1608/12/16AaaAA+ 130,000.00 3137EADZ9 0.90 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 153,132.15 151,024.15 882.29 151,704.00 12/03/1412/01/14AaaAA+ 150,000.00 3137EADG1 1.49 FNMA BENCHMARK NOTE DTD 08/02/2016 0.875% 08/02/2019 124,514.00 124,801.34 179.25 124,790.00 08/02/1607/29/16AaaAA+ 125,000.00 3135G0N33 0.93 FHLB GLOBAL NOTE DTD 08/04/2016 0.875% 08/05/2019 124,538.00 124,772.51 173.18 124,760.00 08/04/1608/03/16AaaAA+ 125,000.00 3130A8Y72 0.94 FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 124,942.50 124,810.18 100.69 124,805.00 09/02/1608/31/16AaaAA+ 125,000.00 3135G0P49 1.05 FHLB GLOBAL NOTES DTD 09/09/2016 1.000% 09/26/2019 124,890.50 124,893.27 17.36 124,891.25 09/09/1609/08/16AaaAA+ 125,000.00 3130A9EP2 1.03 FHLB GLOBAL NOTE DTD 07/14/2016 1.125% 07/14/2021 124,081.75 124,271.10 300.78 124,239.88 07/15/1607/14/16AaaAA+ 125,000.00 3130A8QS5 1.25 FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 24,932.30 24,916.42 36.46 24,914.48 08/19/1608/17/16AaaAA+ 25,000.00 3135G0N82 1.32 FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 79,783.36 79,683.34 116.67 79,676.00 08/19/1608/17/16AaaAA+ 80,000.00 3135G0N82 1.33 5,153.68 1,820,326.12 1,814,051.90 1.14 1,813,072.46 1,815,000.00 Security Type Sub-Total Corporate Note US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 250,728.00 250,000.00 1,558.33 255,340.00 07/30/1207/25/12A1A+ 250,000.00 91159HHD5 1.19 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 100,120.60 99,873.07 184.03 99,542.00 02/08/1302/05/13Aa3AA- 100,000.00 459200HK0 1.35 Page 7 For the Month Ending September 30, 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 BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 75,206.93 74,993.63 70.31 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 54,923.33 54,934.33 226.11 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 80,705.04 80,000.00 370.32 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 50,978.05 50,260.57 88.54 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 50,978.05 50,328.13 88.54 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 50,333.00 49,972.49 433.33 49,968.00 04/26/1604/21/16A3BBB+ 50,000.00 38141GVT8 2.02 CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 25,190.35 24,988.31 159.44 24,987.00 06/09/1606/02/16Baa1BBB+ 25,000.00 172967KS9 2.07 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 102,481.20 99,889.36 287.50 99,815.00 09/09/1409/04/14A1A+ 100,000.00 02665WAH4 2.29 BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 27,474.93 27,357.31 587.50 27,597.50 06/08/1606/03/16A3A 25,000.00 12189TBC7 1.48 JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 102,905.30 100,391.01 748.61 100,497.00 09/04/1509/01/15A3A- 100,000.00 46625HLW8 2.64 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 50,981.20 51,017.36 403.75 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 51,385.60 51,068.62 770.83 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 25,261.08 24,984.71 200.73 24,983.50 05/16/1605/10/16A2A- 25,000.00 05531FAV5 2.06 Page 8 For the Month Ending September 30, 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 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,190.85 24,911.91 178.75 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 6,356.62 1,124,843.51 1,114,970.81 1.72 1,120,612.30 1,110,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 99,954.00 100,000.00 408.89 100,000.00 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 100,150.00 100,000.00 1,311.44 100,000.00 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 100,010.00 100,000.00 1,360.33 100,000.00 11/18/1511/17/15P-1A-1+ 100,000.00 40428AR58 1.54 ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 100,472.50 100,000.00 103.89 100,000.00 03/15/1603/11/16Aa3AA- 100,000.00 78009NZZ2 1.69 3,184.55 400,586.50 400,000.00 1.46 400,000.00 400,000.00 Security Type Sub-Total 5,235,000.00 5,263,984.27 1.38 20,993.83 5,259,448.18 5,297,921.50 Managed Account Sub-Total Money Market Fund CAMP Pool 11,347.98 11,347.98 0.00 11,347.98 NRAAAm 11,347.98 11,347.98 11,347.98 0.00 11,347.98 11,347.98 Money Market Sub-Total $5,246,347.98 $5,275,332.25 $20,993.83 $5,270,796.16 $5,309,269.48 1.38% $5,330,263.31 $20,993.83 Total Investments Accrued Interest Securities Sub-Total Page 9 For the Month Ending September 30, 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 1.16 698.54 2,304.72 124,902.38 99.92 MERRILL 125,000.00 912828UA6US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 0.69 1.16 2.13 289.04 393.75 20,184.38 100.92 MERRILL 20,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 0.82 2.13 2.13 948.14 1,215.84 75,691.43 100.92 CITIGRP 75,000.00 912828A34US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 0.82 2.13 2.92 2,539.20 1,647.48 179,361.35 102.49 JPMCHASE 175,000.00 912828F39US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 0.91 2.92 3.10 3,134.28 4,257.77 200,398.40 100.20 CITIGRP 200,000.00 912828UB4US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 0.94 3.10 3.34 3,323.84 3,766.53 176,579.03 100.90 CITIGRP 175,000.00 912828UQ1US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 0.98 3.34 3.68 1,964.69 1,640.58 103,527.30 103.53 MERRILL 100,000.00 912828VP2US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 1.06 3.68 3.76 4,776.07 4,278.18 192,479.55 104.04 MORGANST 185,000.00 912828VV9US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 1.07 3.76 3.91 1,026.70 777.34 102,628.90 102.63 MERRILL 100,000.00 912828WC0US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 1.09 3.91 3.97 1,990.86 1,401.28 181,398.35 103.66 MERRILL 175,000.00 912828A42US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 1.10 3.97 4.08 1,257.68 1,098.67 128,339.88 102.67 MORGANST 125,000.00 912828N48US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 1.10 4.08 4.22 (702.36)(881.87) 77,786.10 103.71 MORGANST 75,000.00 912828B90US TREASURY NOTES DTD 02/28/2014 2.000% 02/28/2021 1.14 4.22 4.37 (375.70)(412.52) 55,287.87 100.52 CITIGRP 55,000.00 912828Q37US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 1.13 4.37 4.43 538.25 421.90 207,609.40 103.80 HSBC 200,000.00 912828WN6US TREASURY NOTES DTD 06/02/2014 2.000% 05/31/2021 1.16 4.43 21,909.65 1.01 3.46 21,409.23 1,826,174.32 1,785,000.00 Security Type Sub-Total 3.46 Municipal Bond / Note 2.39 416.09 384.60 30,468.90 101.56 VINING 30,000.00 20772JZK1CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 1.33 2.39 Page 10 For the Month Ending September 30, 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 384.60 1.33 2.39 416.09 30,468.90 30,000.00 Security Type Sub-Total 2.39 Federal Agency Collateralized Mortgage Obligation 1.32 (17.51)(158.10) 25,091.81 100.37 GOLDMAN 25,000.00 3136ANJY4FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 1.20 1.35 2.03 36.92 (42.75) 25,207.25 100.83 GOLDMAN 25,000.00 3136AQSW1FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 1.43 1.56 2.70 (104.83)(227.54) 45,223.09 100.50 MORGANST 45,000.00 3136AQDQ0FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 1.42 1.91 (428.39) 1.36 2.16 (85.42) 95,522.15 95,000.00 Security Type Sub-Total 1.67 Federal Agency Bond / Note 1.06 473.97 1,171.13 125,204.88 100.16 SOC GEN 125,000.00 3135G0PQ0FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 0.72 1.06 1.62 448.46 1,202.85 75,066.60 100.09 CSFB 75,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.82 1.62 1.62 371.06 933.80 100,088.80 100.09 BNP PARI 100,000.00 3135G0WJ8FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 0.82 1.62 1.84 (39.41)(13.80) 99,610.20 99.61 CITIGRP 100,000.00 3130A8PK3FHLB NOTES DTD 07/08/2016 0.625% 08/07/2018 0.84 1.84 2.11 1,163.85 698.67 106,696.17 101.62 GOLDMAN 105,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 0.87 2.11 2.11 2,017.18 2,015.50 127,019.25 101.62 HSBC 125,000.00 3135G0YT4FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 0.87 2.11 2.37 (48.36)(55.55) 50,070.95 100.14 BMO 50,000.00 3135G0J53FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 0.94 2.37 2.37 413.77 472.38 125,177.38 100.14 JPMCHASE 125,000.00 3135G0J53FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 0.94 2.37 2.49 (168.55)(205.27) 130,577.33 100.44 TD SEC U 130,000.00 3137EADZ9FREDDIE MAC NOTES DTD 03/21/2016 1.125% 04/15/2019 0.95 2.49 2.59 2,108.00 1,428.15 153,132.15 102.09 TD SEC U 150,000.00 3137EADG1FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 0.95 2.59 2.79 (287.34)(276.00) 124,514.00 99.61 GOLDMAN 125,000.00 3135G0N33FNMA BENCHMARK NOTE DTD 08/02/2016 0.875% 08/02/2019 1.01 2.79 Page 11 For the Month Ending September 30, 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 2.80 (234.51)(222.00) 124,538.00 99.63 WELLSFAR 125,000.00 3130A8Y72FHLB GLOBAL NOTE DTD 08/04/2016 0.875% 08/05/2019 1.01 2.80 2.86 132.32 137.50 124,942.50 99.95 GOLDMAN 125,000.00 3135G0P49FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 1.02 2.86 2.94 (2.77)(0.75) 124,890.50 99.91 BARCLAYS 125,000.00 3130A9EP2FHLB GLOBAL NOTES DTD 09/09/2016 1.000% 09/26/2019 1.03 2.94 4.63 (189.35)(158.13) 124,081.75 99.27 TD SEC U 125,000.00 3130A8QS5FHLB GLOBAL NOTE DTD 07/14/2016 1.125% 07/14/2021 1.28 4.63 4.71 15.88 17.82 24,932.30 99.73 TD SEC U 25,000.00 3135G0N82FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 1.31 4.71 4.71 100.02 107.36 79,783.36 99.73 CITIGRP 80,000.00 3135G0N82FNMA NOTES DTD 08/19/2016 1.250% 08/17/2021 1.31 4.71 7,253.66 0.97 2.59 6,274.22 1,820,326.12 1,815,000.00 Security Type Sub-Total 2.59 Corporate Note 0.54 728.00 (4,612.00) 250,728.00 100.29 04/15/17BARCLAYS 250,000.00 91159HHD5US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 1.18 0.48 1.34 247.53 578.60 100,120.60 100.12 HSBC 100,000.00 459200HK0IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 1.16 1.34 1.42 213.30 228.68 75,206.93 100.28 GOLDMAN 75,000.00 06406HCJ6BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 1.16 1.36 1.57 (11.00) 126.28 54,923.33 99.86 GOLDMAN 55,000.00 037833AJ9APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 1.09 1.57 1.70 705.04 705.04 80,705.04 100.88 BARCLAYS 80,000.00 166764AE0CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 1.20 1.70 2.35 717.48 503.05 50,978.05 101.96 BONY 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.35 2.35 649.92 508.55 50,978.05 101.96 BNP PARI 50,000.00 17275RAR3CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 1.30 2.35 2.40 360.51 365.00 50,333.00 100.67 03/25/19MIZUHO 50,000.00 38141GVT8GOLDMAN SACHS GRP INC CORP NT (CALLABLE) DTD 04/25/2016 2.000% 04/25/2019 1.73 2.44 Page 12 For the Month Ending September 30, 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 2.59 202.04 203.35 25,190.35 100.76 CITIGRP 25,000.00 172967KS9CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 1.76 2.59 2.78 2,591.84 2,666.20 102,481.20 102.48 MERRILL 100,000.00 02665WAH4AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 1.37 2.78 2.77 117.62 (122.57) 27,474.93 109.90 GOLDMAN 25,000.00 12189TBC7BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 1.33 2.77 3.44 2,514.29 2,408.30 102,905.30 102.91 05/23/20JPMCHASE 100,000.00 46625HLW8JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 1.94 3.48 3.93 (36.16)(126.80) 50,981.20 101.96 UBS AG 50,000.00 94974BGR5WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 2.06 3.93 4.22 316.98 236.60 51,385.60 102.77 KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP DTD 02/19/2016 2.500% 04/15/2021 1.86 4.22 4.35 276.37 277.58 25,261.08 101.04 SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST CORP NOTE DTD 05/10/2016 2.050% 05/10/2021 1.81 4.35 4.39 278.94 285.35 25,190.85 100.76 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.78 4.39 4,231.21 1.41 2.11 9,872.70 1,124,843.51 1,110,000.00 Security Type Sub-Total 2.10 Certificate of Deposit 0.65 (46.00)(46.00) 99,954.00 99.95 MERRILL 100,000.00 65558LFA5NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 1.21 0.65 1.13 150.00 150.00 100,150.00 100.15 GOLDMAN 100,000.00 83050FBG5SKANDINAVISKA ENSKILDA BANKEN NY CD DTD 11/17/2015 1.480% 11/16/2017 0.04 1.13 1.13 10.00 10.00 100,010.00 100.01 HSBC 100,000.00 40428AR58HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 0.84 1.13 1.43 472.50 472.50 100,472.50 100.47 RBC CAP 100,000.00 78009NZZ2ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 1.34 1.43 586.50 0.86 1.08 586.50 400,586.50 400,000.00 Security Type Sub-Total 1.08 5,235,000.00 5,297,921.50 33,937.23 38,473.32 2.67 1.08 Managed Account Sub-Total 2.66 Page 13 For the Month Ending September 30, 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 Money Market Fund 0.00 0.00 0.00 11,347.98 1.00 11,347.98 CAMP Pool 0.00 11,347.98 11,347.98 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $5,330,263.31 $20,993.83 $5,309,269.48 Accrued Interest Securities Sub-Total $5,246,347.98 $33,937.23 $38,473.32 2.67 1.08% 2.66 Page 14 For the Month Ending September 30, 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 09/02/16 FNMA NOTES DTD 09/02/2016 1.000% 08/28/2019 3135G0P49 (124,805.00) 0.00 (124,805.00) 125,000.00 08/31/16 09/02/16 US TREASURY NOTES DTD 06/02/2014 2.000% 05/31/2021 912828WN6 (207,187.50)(1,027.32)(208,214.82) 200,000.00 09/01/16 09/09/16 FHLB GLOBAL NOTES DTD 09/09/2016 1.000% 09/26/2019 3130A9EP2 (124,891.25) 0.00 (124,891.25) 125,000.00 09/08/16 (1,027.32) (457,911.07)(456,883.75) 450,000.00 Transaction Type Sub-Total INTEREST 09/01/16 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 17275RAR3 0.00 531.25 531.25 50,000.00 09/01/16 09/01/16 CISCO SYSTEMS INC GLOBAL NOTES DTD 03/03/2014 2.125% 03/01/2019 17275RAR3 0.00 531.25 531.25 50,000.00 09/01/16 09/25/16 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 09/01/16 09/25/16 FNMA SERIES 2015-M15 ASQ2 DTD 11/01/2015 1.898% 01/01/2019 3136AQSW1 0.00 39.54 39.54 25,000.00 09/01/16 09/25/16 FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 3136ANJY4 0.00 32.29 32.29 25,000.00 09/01/16 09/06/16 BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 06406HCJ6 0.00 506.25 506.25 75,000.00 09/06/16 09/09/16 ROYAL BANK OF CANADA NY CD DTD 03/15/2016 1.700% 03/09/2018 78009NZZ2 0.00 821.67 821.67 100,000.00 09/09/16 09/15/16 CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 20772JZK1 0.00 296.10 296.10 30,000.00 09/15/16 09/26/16 FHLB GLOBAL NOTES DTD 09/09/2016 1.000% 09/26/2019 3130A9EP2 0.00 59.03 59.03 125,000.00 09/26/16 09/30/16 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 912828Q37 0.00 343.75 343.75 55,000.00 09/30/16 09/30/16 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 912828F39 0.00 1,531.25 1,531.25 175,000.00 09/30/16 4,754.11 4,754.11 0.00 755,000.00 Transaction Type Sub-Total Page 15 For the Month Ending September 30, 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 09/02/16 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 912828TR1 45,075.59 190.57 45,266.16 914.07 643.72 SPEC LOT 45,000.00 08/31/16 09/02/16 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 912828TR1 80,134.37 338.80 80,473.17 1,174.99 865.13 SPEC LOT 80,000.00 08/31/16 09/02/16 FANNIE MAE GLOBAL NOTES DTD 07/20/2012 0.875% 08/28/2017 3135G0MZ3 100,195.00 9.72 100,204.72 (53.00) 144.70 SPEC LOT 100,000.00 09/01/16 09/02/16 US TREASURY NOTES DTD 07/02/2012 0.750% 06/30/2017 912828TB6 100,105.47 130.43 100,235.90 152.34 129.34 SPEC LOT 100,000.00 09/01/16 09/09/16 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 912828F39 51,277.34 387.29 51,664.63 501.95 746.53 SPEC LOT 50,000.00 09/08/16 09/09/16 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 912828TR1 70,216.02 309.84 70,525.86 1,126.57 851.55 SPEC LOT 70,000.00 09/08/16 1,366.65 3,380.97 3,816.92 448,370.44 447,003.79 445,000.00 Transaction Type Sub-Total (9,879.96) 5,093.44 (4,786.52) 3,816.92 3,380.97 Managed Account Sub-Total Total Security Transactions $3,816.92 ($4,786.52)$5,093.44 ($9,879.96)$3,380.97 Page 16 For the Month Ending September 30, 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 16,573.69 Opening Balance 09/01/16 09/01/16 Purchase - Interest 17275RAR3 1.00 531.25 17,104.94 09/01/16 09/01/16 Purchase - Interest 17275RAR3 1.00 531.25 17,636.19 09/02/16 09/02/16 Purchase - Interest 3135G0MZ3 1.00 9.72 17,645.91 09/02/16 09/02/16 Purchase - Principal 3135G0MZ3 1.00 100,195.00 117,840.91 09/02/16 09/02/16 Purchase - Interest 912828TB6 1.00 130.43 117,971.34 09/02/16 09/02/16 Purchase - Principal 912828TB6 1.00 100,105.47 218,076.81 09/02/16 09/02/16 Purchase - Interest 912828TR1 1.00 338.80 218,415.61 09/02/16 09/02/16 Purchase - Interest 912828TR1 1.00 190.57 218,606.18 09/02/16 09/02/16 Purchase - Principal 912828TR1 1.00 45,075.59 263,681.77 09/02/16 09/02/16 Purchase - Principal 912828TR1 1.00 80,134.37 343,816.14 09/02/16 09/02/16 Redemption - Interest 912828WN6 1.00 (1,027.32) 342,788.82 09/02/16 09/02/16 Redemption - Principal 912828WN6 1.00 (207,187.50) 135,601.32 09/02/16 09/02/16 Redemption - Principal 3135G0P49 1.00 (124,805.00) 10,796.32 09/06/16 09/06/16 Purchase - Interest 06406HCJ6 1.00 506.25 11,302.57 09/09/16 09/09/16 Purchase - Interest 78009NZZ2 1.00 821.67 12,124.24 09/09/16 09/09/16 Purchase - Interest 912828F39 1.00 387.29 12,511.53 09/09/16 09/09/16 Purchase - Principal 912828F39 1.00 51,277.34 63,788.87 09/09/16 09/09/16 Purchase - Interest 912828TR1 1.00 309.84 64,098.71 09/09/16 09/09/16 Purchase - Principal 912828TR1 1.00 70,216.02 134,314.73 09/09/16 09/09/16 Redemption - Principal 3130A9EP2 1.00 (124,891.25) 9,423.48 09/15/16 09/15/16 Purchase - Interest 20772JZK1 1.00 296.10 9,719.58 Page 17 For the Month Ending September 30, 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 09/23/16 09/23/16 IP Fees August 2016 1.00 (412.30) 9,307.28 09/23/16 09/23/16 U.S. Bank Fees July 2016 1.00 (32.20) 9,275.08 09/26/16 09/26/16 Purchase - Interest 3130A9EP2 1.00 59.03 9,334.11 09/26/16 09/26/16 Purchase - Interest 3136AQSW1 1.00 39.54 9,373.65 09/26/16 09/26/16 Purchase - Interest 3136AQDQ0 1.00 61.73 9,435.38 09/26/16 09/26/16 Purchase - Interest 3136ANJY4 1.00 32.29 9,467.67 09/30/16 09/30/16 Purchase - Interest 912828F39 1.00 1,531.25 10,998.92 09/30/16 09/30/16 Purchase - Interest 912828Q37 1.00 343.75 11,342.67 09/30/16 10/03/16 Accrual Income Div Reinvestment - Distributions 1.00 5.31 11,347.98 11,347.98 11,347.98 11,347.98 10,202.35 68.11 0.00 (2,583,276.11) 2,587,114.44 7,509.65 5.31 11,347.98 0.00 (458,355.57) 453,129.86 16,573.69 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 September January-September 0.64% Page 18 Review of Investment Performance CAMP Accounts Investment Performance Review Client Management Team Sarah Meacham, Director PFM Asset Management LLC One Keystone Plaza, Suite 300 Harrisburg, PA 17101-2044 717-232-2723 For the Quarter Ended June 30, 2016 LAKE ELSINORE CITY FUNDS 601 South Figueroa, Suite 4500 Los Angeles, CA 90017 213-489-4075 Market Update 2016 PFM Asset Management LLC 1 QUARTERLY MARKET SUMMARY For the Quarter Ended June 30, 2016 Fixed Income Management Second Quarter 2016 Summary •On June 23, the British public voted to leave the European Union (EU) – so-called “Brexit” referendum – after forty-three years of membership. This historic vote was the first of its kind, shocking markets and triggering outsized market reactions. Bond yields fell sharply, sending 10- and 30-year Treasury yields to all-time lows. Equity indexes saw a sharp pullback following the vote, but pared losses by month-end amid anticipated central bank accommodation. Meanwhile, the British pound fell to its lowest level since 1985 against the U.S. dollar. •Amid the uncertainty caused by Brexit, central banks around the world are expected to remain accommodative, keeping rates lower for longer and seemingly boosting equity prices – despite the potential slowdown of British and European economies. •The Federal Reserve (Fed) left policy rates unchanged at both its second- quarter meetings. In June, even before the Brexit vote, the Federal Open Market Committee (FOMC) once again lowered its expectation for rate hikes in 2016 via the so-called “dot plot.” By quarter-end, the market was pricing in a 0% chance of a rate hike in July, and less than a 10% chance for a hike this year. Economic Snapshot •The modest U.S. economic expansion continued, and unemployment ended the quarter below 5%. However, measures of economic strength in the U.S. remained mixed. •U.S. gross domestic product (GDP) grew at a 1.1% rate in the first quarter of 2016, driven by improving trade and business investment, which more than compensated for weakness in consumer spending. Economic growth is expected to rebound in the second quarter to around 2.5%, with a preliminary reading to be released in late July. •Job growth decelerated for four straight months before a sharp rebound in June. The U.S. economy added 287,000 jobs in June, the largest gain since October 2015. Year-to-date, the economy added over 1 million jobs, but it is nearly 300,000 behind last year’s pace. The unemployment rate ended the quarter at 4.9%. •Inflation pressures remained relatively unchanged in the second quarter as the personal consumption expenditure (PCE) price index, the Fed’s favored metric of inflation, rose 1.6% for the year ended May. Oil prices settled into a $40 to $50 per barrel range, while home prices rose 5.4% year-over-year. Average hourly earnings, an important measure of wages, grew 2.6% over the past 12 months, matching a nearly 7-year high. Interest Rates •Interest rates ended the quarter significantly lower amid the Fed’s dovish tone during the quarter and the flight to safety stimulated by the Brexit vote. Declines were led by longer maturity yields, flattening the yield curve. The spread between the two-year and 10-year Treasury yields fell to 89 basis points (0.89%) compared to 105 basis points (1.05%) at the end of the first quarter. The two-year Treasury yield fell 14 basis points (0.14%) during the quarter, while the yield on the 10-year Treasury fell 30 basis points (0.30%). •In the money market space, shorter Treasuries posted modest increases, while short-term credit instruments, like commercial paper and bank certificates of deposit (CDs), continued to offer unusually wide yield spreads. Sector Performance •U.S. Treasury indexes posted another quarter of strong returns as rate declines boosted market values. Because the yield curve flattened, longer maturity issues performed best. •Non-callable federal agency securities performed generally in line with comparable maturity Treasuries. •Corporate yield spreads tightened throughout most of the second quarter as credit conditions stabilized from the first quarter’s energy price-driven volatility. Post Brexit, corporates experienced a brief spike in spreads, but quickly recovered by quarter end. The sector generated strong outperformance relative to Treasuries, adding to its 2016 return advantage. •Mortgage-backed securities underperformed Treasuries for the second straight quarter. Declining interest rates, which drove accelerated prepayment expectations, continued to hurt the sector. 2016 PFM Asset Management LLC 2 QUARTERLY MARKET SUMMARY For the Quarter Ended June 30, 2016 Fixed Income Management LAST_UPDATE_DT 6/30/2016 3/31/2015 Labor Market Mar 2016 Jun 2015 Unemployment Rate Jun'16 4.9%5.0%5.3% Change In Non-Farm Payrolls Jun'16 287,000 186,000 228,000 Average Hourly Earnings (YoY)Jun'16 2.6%2.3%2.0% Personal Income (YoY)May'16 4.0%4.6%4.6% Initial Jobless Claims (week)7/1/16 254,000 276,000 280,000 Growth Real GDP (QoQ SAAR)2016Q1 1.1%1.4%0.6% GDP Personal Consumption (QoQ SAAR) 2016Q1 1.5%2.4%1.8% Retail Sales (YoY)May'16 2.5%1.7%2.1% ISM Manufacturing Survey (month)Jun'16 53.2 51.8 53.1 Existing Home Sales SAAR (month) May'16 5.53 mil. 5.36 mil. 5.41 mil. Inflation / Prices Personal Consumption Expenditures (YoY) May'16 0.9%0.8%0.3% Consumer Price Index (YoY)May'16 1.0%0.9%0.1% Consumer Price Index Core (YoY)May'16 2.2%2.2%1.8% Crude Oil Futures (WTI, per barrel)Jun 30 $48.33 $38.34 $59.47 Gold Futures (oz.)Jun 30 $1,321 $1,234 $1,172 1. Data as of Fourth Quarter 2015 2. Data as of First Quarter 2015 Note: YoY = year over year, QoQ = quarter over quarter, SAAR = seasonally adjusted annual rate, WTI = West Texas Intermediate crude oil Latest 0 50K 100K 150K 200K 250K 300K 350K 400K 2% 4% 6% 8% 6/30/13 12/31/13 6/30/14 12/31/14 6/30/15 12/31/15 6/30/16 Unemployment Rate (left) vs. Change in Nonfarm Payrolls (right) Change In Non-Farm Payrolls Unemployment Rate -2% 0% 2% 4% 6% 3/31/13 9/30/13 3/31/14 9/30/14 3/31/15 9/30/15 3/31/16 Real GDP (QoQ) -1% 0% 1% 2% 3% 6/30/13 12/31/13 6/30/14 12/31/14 6/30/15 12/31/15 Consumer Price Index CPI (YoY)Core CPI (YoY) 2 2 1 1 Economic Snapshot Source: Bloomberg 2016 PFM Asset Management LLC 3 QUARTERLY MARKET SUMMARY For the Quarter Ended June 30, 2016 Fixed Income Management Source: Bloomberg Interest Rate Overview U.S. Treasury Note Yields U.S. Treasury Yield Curve U.S. Treasury Yields Yield Curves as of 6/30/16 0% 1% 2% 3% 4%3-mo1-yr2-yr3-yr5-yr7-yr10-yr30-yrYieldMaturity U.S. Treasury Yield Curve June 30, 2016 March 31, 2016 June 30, 2015 Maturity 6/30/16 3/31/16 Change over Quarter 6/30/15 Change over Year 3-month 0.26% 0.20% 0.06% 0.01% 0.25% 1-year 0.44% 0.58%(0.14%)0.27% 0.17% 2-year 0.58% 0.72%(0.14%)0.65%(0.07%) 5-year 1.00% 1.21%(0.21%)1.65%(0.65%) 10-year 1.47% 1.77%(0.30%)2.35%(0.88%) 30-year 2.29% 2.61%(0.32%)3.12%(0.83%) 0% 1% 2% 3% 4%1-yr2-yr3-yr5-yr7-yr10-yr25-yr30-yrYieldMaturity Yield Curves as of 6/30/2016 U.S. Treasury Federal Agency Industrial Corporates, A Rated 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3/31/16 4/30/16 5/31/16 6/30/16YieldU.S. Treasury Note Yields 2-Year 5-Year 10-Year 2016 PFM Asset Management LLC 4 QUARTERLY MARKET SUMMARY For the Quarter Ended June 30, 2016 Fixed Income Management Source: BofA Merrill Lynch Indices Duration Yield 3 Month 1 Year 3 Years 1-3 Year Indices U.S. Treasury 1.90 0.60% 0.53% 1.31% 0.98% Federal Agency 1.58 0.72% 0.41% 1.27% 1.04% U.S. Corporates, A-AAA rated 1.94 1.35% 0.83% 2.24% 1.79% Agency MBS (0 to 3 years)2.22 1.22% 0.65% 2.50% 1.92% Taxable Municipals 2.04 2.15% 1.38% 3.71% 2.21% 1-5 Year Indices U.S. Treasury 2.74 0.72% 0.81% 2.43% 1.65% Federal Agency 2.06 0.81% 0.59% 1.94% 1.59% U.S. Corporates, A-AAA rated 2.77 1.57% 1.14% 3.32% 2.74% Agency MBS (0 to 5 years)3.35 1.75% 1.02% 3.37% 3.01% Taxable Municipals 2.67 1.90% 1.78% 4.88% 3.01% Master Indices (Maturities 1 Year or Greater) U.S. Treasury 6.62 1.13% 2.24% 6.67% 3.83% Federal Agency 3.83 1.13% 1.34% 3.92% 2.89% U.S. Corporates, A-AAA rated 7.11 2.44% 2.90% 7.89% 5.37% Agency MBS (0 to 30 years)3.47 1.81% 1.12% 4.38% 3.73% Taxable Municipals 4.17 2.36% 2.61% 7.12% 4.25% Returns for periods greater than one year are annualized Source: BofA Merrill Lynch Indices Returns for Periods ended 6/30/2016As of 6/30/2016 2016 PFM Asset Management LLC BofA Merrill Lynch Index Returns 5 QUARTERLY MARKET SUMMARY For the Quarter Ended June 30, 2016 Fixed Income Management Disclosures The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC (PFMAM) at the time of distribution and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFMAM cannot guarantee its accuracy, completeness, or suitability. This material is for general information purposes only and is not intended to provide specific advice or recommendation. The information contained in this report is not an offer to purchase or sell any securities. PFMAM is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. PFMAM’s clients are state and local governments, non-profit corporations, pension funds, and similar institutional investors. Further distribution is not permitted without prior written consent. PFM Asset Management LLC PFM ® 2016 PFM Asset Management LLC 6 Investment Performance Review 2016 PFM Asset Management LLC 7 •Treasury yields ended the quarter significantly lower after the Federal Open Market Committee kept rates unchanged during the quarter, issuing a dovish tone, and the United Kingdom elected, surprisingly, to leave the European Union. The “Brexit” vote induced volatility and uncertainty, instigating a flight-to-safety trade into quarter-end. •Given the high degree of uncertainty, PFMAM maintained the portfolios’ duration positions neutral to that of their benchmarks throughout the quarter. •The yield relationship between U.S. Treasury and federal agency securities remained mostly range -bound during the quarter, but agencies could not quite keep pace with the significant Treasury rally that resulted from Brexit. The federal agency sector s lightly underperformed the U.S. Treasury sector due to the widening spreads. •Corporate yield spreads continued to march tighter throughout the second quarter as credit conditions improved from the first quarter slowdown in economic growth. The gradual increase in oil prices was the driving force behind sector spread tightening as energy firms recovered in lock step with oil prices. Following the Brexit vote, corporate yield spreads spiked briefly, but q uickly retraced all of the widening by quarter-end. CITY OF LAKE ELSINOR For the Quarter Ended June 30, 2016 Second Quarter 2016 Recap 2016 PFM Asset Management LLC 8 •We expect the U.S. economy to expand at a moderate pace in the second half of 2016, but concern about Brexit may be a marginal drag. Outside the U.S., economic prospects are more uncertain as focus has shifted to the repercussions of the U.K.’s decision to leave the EU. We will be closely monitoring incoming economic data for any changes to that view. •The Brexit vote changed the prospects for expected Fed action. We now expect no rate hikes until December at the earliest, or even into 2017. This “lower for longer” landscape has implications for both expected returns and risks. Given the likelihood that rates will not move significantly higher in the near-term, we plan to keep the portfolios’ durations neutral to that of their benchmarks, avoiding any significant mismatches. •Federal agency yield spreads widened modestly post-Brexit. New issues will likely continue to offer opportunities to capture incremental yield versus outstanding agency issues and comparable maturity Treasuries. •Our strategy continues to favor credit sectors, including corporates notes and negotiable CDs. We believe the best opportunities are currently with issuers in the U.S. financial industry, where capital is strong and spreads are wide. But, we are taking our time to closely review issuers’ exposure to the UK and Europe, and are being more cautious about adding credit exposure at this time. •We will continue to evaluate MBS on an issue-by-issue basis, purchasing only those issues we believe are well structured, offer adequate yield spreads, and which have limited duration variability. CITY OF LAKE ELSINOR For the Quarter Ended June 30, 2016 Current Outlook and Strategy 2016 PFM Asset Management LLC 9 Notes: 1.End of quarter trade-date market values of portfolio holdings include accrued interest. For the Quarter Ended June 30, 2016 Sector Allocation and Compliance 2016 PFM Asset Management LLC Security Type Market Value as of June 30, 2016 Percentage of Portfolio % Change vs. 03/31/16 Permitted by Policy In Compliance U.S. Treasury $19,235,418 47%+3%100% Federal Agencies $5,125,467 13%-3%100% Federal Agency CMO $723,846 2%-100% Municipals $358,980 1%-100% Certificates of Deposit $5,486,215 13%-1%30% Corporate Notes $9,669,477 24%+1%30% CAMP $109,850 <1%-100% Totals $40,709,254 100% CITY OF LAKE ELSINOR –AGGREGATE PORTFOLIO 10 Note: 1.Performance on trade-date basis, gross (i.e., before fees), in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS). 2.Merrill Lynch Indices provided by Bloomberg Financial Markets. 3.Quarterly returns are presented on an unannualized basis. Performance numbers for periods greater than one year are presented on an annualized basis. 4.The City portfolio’s inception date is September, 2010. 5.The Successor Agency portfolio’s inception date is March, 2011. 6.The Housing Fund portfolio’s inception date is June, 2012. CITY OF LAKE ELSINOR For the Quarter Ended June 30, 2016 Total Return 2016 PFM Asset Management LLC Duration (Years)Past Quarter Past Year Past 2 Years Past 3 Years Since Inception City Portfolio 2.67 0.83%2.66%1.98%1.87%1.68% Successor Agency Portfolio 2.68 0.81%2.56%1.92%1.85%1.71% Housing Funds Portfolio 2.67 0.83%2.53%1.92%1.82%1.38% BAML 1-5 Year U.S Treasury Index2 2.66 0.81%2.43%1.90%1.65% 1.38%4 1.64%5 1.23%6 11 City Funds Portfolio 2016 PFM Asset Management LLC 12 LAKE ELSINORE - CITY FUNDS For the Quarter Ended June 30, 2016 Portfolio Snapshot Portfolio Statistics As of June 30, 2016 29,571,466 30,242,217 30,057,747 108,004 - 29,729,618 0.96% 1.44% AAAverage Credit: ** Yield at Cost: Accrued Interest: Cash: Par Value: Amortized Cost: Total Market Value: Yield at Market: Security Market Value: Effective Duration:2.67 Years Duration to Worst:2.68 Years Average Maturity:2.78 Years CAMP 76,466 Credit Quality (S&P Ratings) 5.6% A 3.1% A- 4.3% A+ 7.6% A-1 1.9% A-1+ 1.8% AA 12.5% AA- 61.5% AA+ 0.3% AAAm 1.4% BBB+ 0% 4% 8% 12% 16% 20% 24% 28% 0 - 1 Year 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years > 5 Years 12.7% 21.2% 19.4% 25.8% 20.9% 0.0% Maturity Distribution Sector Allocation 15.5% Certificate of Deposit 23.8% Corporate 1.8% Federal Agency/CMO 11.2% Federal Agency/GSE 0.3% Mny Mkt Fund / Pool 1.0% Municipal 46.5% U.S. Treasury 2016 PFM Asset Management LLC ** An average of each security’s credit rating assigned a numeric value and adjusted for its relative weighting in the portfolio. 13 LAKE ELSINORE - CITY FUNDS For the Quarter Ended June 30, 2016 Portfolio Performance Portfolio Earnings Quarter-Ended June 30, 2016 Market Value Basis Accrual (Amortized Cost) Basis Net Purchases/Sales Change in Value Interest Earned $29,886,857.12 $112,847.44 $134,508.30 $115,864.38 $250,372.68 $30,134,212.86 $29,611,676.52 $112,847.44 $5,094.23 $115,864.38 $120,958.61 $29,729,618.19 Portfolio Earnings Beginning Value (03/30/2016) Ending Value (06/30/2016) 2016 PFM Asset Management LLC 14 Successor Agency Portfolio 2016 PFM Asset Management LLC 15 LAKE ELSINORE - SUCCESSOR AGENCY For the Quarter Ended June 30, 2016 Portfolio Snapshot Portfolio Statistics As of June 30, 2016 5,220,168 5,335,880 5,303,494 17,219 - 5,244,969 0.90% 1.42% AAAverage Credit: ** Yield at Cost: Accrued Interest: Cash: Par Value: Amortized Cost: Total Market Value: Yield at Market: Security Market Value: Effective Duration:2.68 Years Duration to Worst:2.70 Years Average Maturity:2.79 Years CAMP 15,168 Credit Quality (S&P Ratings) 4.4% A 2.4% A- 6.7% A+ 1.9% A-1 1.9% A-1+ 9.7% AA- 71.4% AA+ 0.3% AAAm 1.4% BBB+ 0% 4% 8% 12% 16% 20% 24% 0 - 1 Year 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years > 5 Years 10.2% 21.9%22.9%23.4% 21.7% 0.0% Maturity Distribution Sector Allocation 7.5% Certificate of Deposit 21.2% Corporate 1.8% Federal Agency/CMO 17.2% Federal Agency/GSE 0.3% Mny Mkt Fund / Pool 0.6% Municipal 51.4% U.S. Treasury 2016 PFM Asset Management LLC ** An average of each security’s credit rating assigned a numeric value and adjusted for its relative weighting in the portfolio. 16 LAKE ELSINORE - SUCCESSOR AGENCY For the Quarter Ended June 30, 2016 Portfolio Performance Portfolio Earnings Quarter-Ended June 30, 2016 Market Value Basis Accrual (Amortized Cost) Basis Net Purchases/Sales Change in Value Interest Earned $5,279,035.71 $16,065.71 $23,560.04 $19,383.49 $42,943.53 $5,318,661.46 $5,227,778.93 $16,065.71 $1,124.43 $19,383.49 $20,507.92 $5,244,969.07 Portfolio Earnings Beginning Value (03/30/2016) Ending Value (06/30/2016) 2016 PFM Asset Management LLC 17 Housing Funds Portfolio 2016 PFM Asset Management LLC 18 LAKE ELSINORE - HOUSING FUNDS For the Quarter Ended June 30, 2016 Portfolio Snapshot Portfolio Statistics As of June 30, 2016 5,028,217 5,131,156 5,095,813 17,126 - 5,051,316 0.93% 1.39% AAAverage Credit: ** Yield at Cost: Accrued Interest: Cash: Par Value: Amortized Cost: Total Market Value: Yield at Market: Security Market Value: Effective Duration:2.67 Years Duration to Worst:2.68 Years Average Maturity:2.78 Years CAMP 18,217 Credit Quality (S&P Ratings) 7.5% A 2.5% A- 4.5% A+ 2.0% A-1 2.0% A-1+ 13.5% AA- 66.3% AA+ 0.4% AAAm 1.5% BBB+ 0% 4% 8% 12% 16% 20% 24% 28% 32% 0 - 1 Year 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years > 5 Years 7.7% 30.1% 14.0% 26.8% 21.3% 0.0% Maturity Distribution Sector Allocation 7.8% Certificate of Deposit 26.0% Corporate 1.9% Federal Agency/CMO 16.3% Federal Agency/GSE 0.4% Mny Mkt Fund / Pool 0.6% Municipal 47.0% U.S. Treasury 2016 PFM Asset Management LLC ** An average of each security’s credit rating assigned a numeric value and adjusted for its relative weighting in the portfolio. 19 LAKE ELSINORE - HOUSING FUNDS For the Quarter Ended June 30, 2016 Portfolio Performance Portfolio Earnings Quarter-Ended June 30, 2016 Market Value Basis Accrual (Amortized Cost) Basis Net Purchases/Sales Change in Value Interest Earned $5,076,194.99 $13,767.63 $24,067.24 $18,125.18 $42,192.42 $5,114,029.86 $5,037,191.42 $13,767.63 $356.78 $18,125.18 $18,481.96 $5,051,315.83 Portfolio Earnings Beginning Value (03/30/2016) Ending Value (06/30/2016) 2016 PFM Asset Management LLC 20 For the Month Ending June 30, 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 525,430.50 520,939.42 277.92 514,910.15 05/09/1405/06/14AaaAA+ 525,000.00 912828UA6 1.18 US TREASURY NOTES DTD 04/15/2015 0.750% 04/15/2018 300,808.50 299,541.34 473.36 299,496.09 04/27/1604/22/16AaaAA+ 300,000.00 912828K25 0.84 US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 888,740.13 883,171.40 5,024.04 888,603.52 02/04/1502/02/15AaaAA+ 875,000.00 912828VQ0 0.92 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 375,275.46 368,588.80 391.73 367,412.89 06/03/1406/02/14AaaAA+ 370,000.00 912828A34 1.41 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 164,012.48 160,107.12 653.55 160,175.00 09/04/1409/02/14AaaAA+ 160,000.00 912828C65 1.60 US TREASURY NOTES DTD 03/31/2014 1.625% 03/31/2019 589,419.85 575,558.60 2,348.70 575,898.44 10/06/1410/02/14AaaAA+ 575,000.00 912828C65 1.59 US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 432,875.34 423,409.64 1,616.42 433,698.05 11/03/1410/30/14AaaAA+ 405,000.00 912828KQ2 1.50 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 302,238.30 297,109.70 754.10 296,097.66 04/30/1504/28/15AaaAA+ 300,000.00 912828TR1 1.30 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 836,192.63 818,948.93 2,086.34 814,534.76 02/27/1502/26/15AaaAA+ 830,000.00 912828TR1 1.42 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 1,289,111.25 1,264,080.74 5,498.63 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 1,056,849.15 1,034,522.51 889.34 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 558,207.10 545,749.70 2,297.89 544,822.27 09/03/1509/02/15AaaAA+ 550,000.00 912828UQ1 1.47 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 1,167,160.30 1,137,713.99 4,804.69 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 600,088.98 584,555.15 4,802.20 585,848.63 12/04/1512/01/15AaaAA+ 575,000.00 912828VP2 1.58 21 For the Month Ending June 30, 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 1,101,269.40 1,066,293.90 7,457.71 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 868,251.72 854,258.71 2,476.63 855,553.13 02/03/1602/01/16AaaAA+ 840,000.00 912828WC0 1.35 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 42,856.24 42,399.76 134.10 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 705,348.68 692,996.49 1,143.44 694,274.41 03/04/1603/02/16AaaAA+ 675,000.00 912828A42 1.38 US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 398,085.75 392,867.51 24.20 393,837.89 03/31/1603/30/16AaaAA+ 375,000.00 912828A83 1.28 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 827,531.20 814,088.37 38.04 814,343.75 05/31/1605/27/16AaaAA+ 800,000.00 912828N48 1.35 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 1,011,641.00 1,012,720.14 3,142.08 1,012,734.38 06/29/1606/27/16AaaAA+ 1,000,000.00 912828Q37 0.98 46,335.11 14,041,393.96 13,789,621.92 1.37 13,797,640.24 13,695,000.00 Security Type Sub-Total Municipal Bond / Note UNIV OF CAL TXBL REV BONDS DTD 04/10/2014 1.904% 05/15/2018 127,843.75 125,000.00 304.11 125,000.00 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 168,318.15 165,319.22 959.04 165,463.65 03/25/1503/16/15Aa3AA- 165,000.00 20772JZK1 1.90 1,263.15 296,161.90 290,319.22 1.90 290,463.65 290,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNMA SERIES 2015-M7 ASQ2 DTD 04/01/2015 1.550% 04/01/2018 136,094.22 135,723.70 174.38 136,349.51 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 126,802.79 125,971.14 197.74 126,249.99 11/30/1511/06/15AaaAA+ 125,000.00 3136AQSW1 1.20 22 For the Month Ending June 30, 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 Federal Agency Collateralized Mortgage Obligation FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 267,851.32 267,128.54 363.49 267,653.68 10/30/1510/07/15AaaAA+ 265,000.00 3136AQDQ0 1.08 735.61 530,748.33 528,823.38 1.05 530,253.18 525,000.00 Security Type Sub-Total Federal Agency Bond / Note FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 276,315.60 275,743.34 702.78 277,934.25 10/05/1210/04/12AaaAA+ 275,000.00 3137EADL0 0.78 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 401,583.20 397,656.10 388.89 393,940.00 05/31/1305/24/13AaaAA+ 400,000.00 3135G0WJ8 1.19 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 577,275.85 573,131.76 559.03 570,141.25 05/24/1305/22/13AaaAA+ 575,000.00 3135G0WJ8 1.05 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 357,450.45 350,006.46 537.15 350,010.50 06/19/1406/16/14AaaAA+ 350,000.00 3135G0YT4 1.62 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 638,304.38 628,530.20 959.20 630,937.50 10/23/1410/22/14AaaAA+ 625,000.00 3135G0YT4 1.39 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 728,567.00 723,488.37 2,517.36 723,289.00 02/23/1602/19/16AaaAA+ 725,000.00 3135G0J53 1.08 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 385,311.38 377,795.69 565.10 379,260.00 12/03/1412/01/14AaaAA+ 375,000.00 3137EADG1 1.49 6,229.51 3,364,807.86 3,326,351.92 1.23 3,325,512.50 3,325,000.00 Security Type Sub-Total Corporate Note US BANCORP (CALLABLE) DTD 05/08/2012 1.650% 05/15/2017 703,351.60 700,000.00 1,475.83 714,952.00 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 435,856.95 434,934.70 258.28 434,795.55 06/12/1406/09/14A2A 435,000.00 24422ESN0 1.14 HSBC USA INC DTD 06/23/2014 1.300% 06/23/2017 249,553.75 249,874.47 72.22 249,620.00 06/23/1406/16/14A2A 250,000.00 40434CAA3 1.35 23 For the Month Ending June 30, 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 150,247.80 150,000.00 119.60 150,000.00 12/05/1211/28/12Aa2AA- 150,000.00 166764AA8 1.10 CHEVRON CORP (CALLABLE) GLOBAL NOTES DTD 12/05/2012 1.104% 12/05/2017 175,289.10 175,263.68 139.53 175,946.75 12/05/1211/29/12Aa2AA- 175,000.00 166764AA8 0.99 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 251,548.75 249,624.64 1,241.32 248,855.00 02/08/1302/05/13Aa3AA- 250,000.00 459200HK0 1.35 BERKSHIRE HATHAWAY GLOBAL NOTE DTD 02/11/2013 1.550% 02/09/2018 404,642.80 399,816.47 2,445.56 399,444.00 02/11/1301/29/13Aa2AA 400,000.00 084670BH0 1.58 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 310,762.91 309,572.22 499.44 308,856.10 05/03/1304/30/13Aa1AA+ 310,000.00 037833AJ9 1.08 CHEVRON CORP GLOBAL NOTES DTD 06/24/2013 1.718% 06/24/2018 445,140.08 440,000.00 146.98 440,000.00 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 277,306.74 271,548.91 1,912.50 272,565.00 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 308,118.60 302,167.40 2,125.00 302,817.00 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 50,512.95 49,869.27 183.33 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 252,564.75 249,849.42 916.67 249,840.00 04/26/1604/21/16A3BBB+ 250,000.00 38141GVT8 2.02 CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 105,722.72 104,946.48 131.54 104,945.40 06/09/1606/02/16Baa1BBB+ 105,000.00 172967KS9 2.07 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 593,716.25 574,310.35 4,887.50 573,936.25 09/09/1409/04/14A1A+ 575,000.00 02665WAH4 2.29 BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 165,859.35 165,291.68 1,762.50 165,585.00 06/08/1606/03/16A3A 150,000.00 12189TBC7 1.48 24 For the Month Ending June 30, 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 GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 285,755.00 279,113.65 6,607.64 289,082.50 03/25/1503/20/15A1AA+ 250,000.00 36962G4J0 2.05 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 76,272.30 75,216.33 676.35 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 381,361.50 376,908.40 3,381.77 377,621.25 02/05/1502/02/15A2A 375,000.00 94974BGF1 2.00 TOYOTA MOTOR CORP NOTES DTD 03/12/2015 2.150% 03/12/2020 205,579.40 201,340.85 1,301.94 201,776.00 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 592,498.40 577,394.75 351.39 577,857.75 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 310,865.70 306,822.61 2,750.00 306,978.00 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 203,548.00 199,543.94 700.00 199,536.00 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 152,197.35 149,903.43 435.63 149,901.00 05/16/1605/10/16A2A- 150,000.00 05531FAV5 2.06 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 75,942.68 74,722.10 170.63 74,716.50 05/24/1605/19/16A1A 75,000.00 857477AV5 2.03 34,693.15 7,164,215.43 7,068,035.75 1.77 7,094,776.05 7,010,000.00 Security Type Sub-Total Certificate of Deposit CANADIAN IMPERIAL BANK NY YCD DTD 04/10/2015 1.010% 04/06/2017 575,132.25 575,000.00 1,371.22 575,000.00 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 574,931.00 575,000.00 1,196.32 575,000.00 04/27/1504/22/15P-1A-1 575,000.00 21684BXH2 1.07 NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 575,287.50 575,000.00 661.25 575,000.00 05/29/1505/27/15Aa3AA- 575,000.00 65558LFA5 1.15 25 For the Month Ending June 30, 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 TORONTO DOMINION BANK NY YCD DTD 06/19/2015 1.240% 06/16/2017 626,693.75 625,000.00 236.81 625,000.00 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 577,972.75 575,000.00 1,370.42 575,000.00 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 575,609.50 575,000.00 5,366.03 575,000.00 11/17/1511/16/15P-1A-1 575,000.00 83050FBG5 1.48 HSBC BANK USA NA CD DTD 11/18/2015 1.540% 11/17/2017 575,310.50 575,000.00 5,558.97 575,000.00 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 579,482.13 575,000.00 2,986.81 575,000.00 03/15/1603/11/16Aa3AA- 575,000.00 78009NZZ2 1.69 18,747.83 4,660,419.38 4,650,000.00 1.34 4,650,000.00 4,650,000.00 Security Type Sub-Total 29,495,000.00 29,688,645.62 1.44 108,004.36 29,653,152.19 30,057,746.86 Managed Account Sub-Total Money Market Fund CAMP Pool 76,466.00 76,466.00 0.00 76,466.00 NRAAAm 76,466.00 76,466.00 76,466.00 0.00 76,466.00 76,466.00 Money Market Sub-Total $29,571,466.00 $29,765,111.62 $108,004.36 $29,729,618.19 $30,134,212.86 1.44% $30,242,217.22 $108,004.36 Total Investments Accrued Interest Securities Sub-Total 26 For the Month Ending June 30, 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 50,185.60 50,028.79 125.68 50,115.23 03/21/1403/19/14AaaAA+ 50,000.00 912828SM3 0.92 US TREASURY NOTES DTD 07/02/2012 0.750% 06/30/2017 125,288.13 124,964.00 2.55 124,941.41 11/16/1511/10/15AaaAA+ 125,000.00 912828TB6 0.78 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 125,102.50 124,033.20 66.17 122,597.66 05/09/1405/06/14AaaAA+ 125,000.00 912828UA6 1.18 US TREASURY NOTES DTD 07/31/2013 1.375% 07/31/2018 101,570.30 100,933.88 574.18 101,554.69 02/04/1502/02/15AaaAA+ 100,000.00 912828VQ0 0.92 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 20,285.16 19,883.40 21.17 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 76,069.35 74,713.95 79.41 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 51,044.90 49,864.59 313.19 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 25,626.95 25,016.74 102.12 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 102,507.80 100,097.15 408.47 100,156.25 10/06/1410/02/14AaaAA+ 100,000.00 912828C65 1.59 US TREASURY NOTES DTD 05/15/2009 3.125% 05/15/2019 90,850.38 88,863.75 339.25 91,023.05 11/03/1410/30/14AaaAA+ 85,000.00 912828KQ2 1.50 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 151,119.15 148,554.85 377.05 148,048.83 04/30/1504/28/15AaaAA+ 150,000.00 912828TR1 1.30 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 201,492.20 197,337.09 502.73 196,273.44 02/27/1502/26/15AaaAA+ 200,000.00 912828TR1 1.42 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 232,040.03 227,534.53 989.75 228,489.26 03/27/1503/26/15AaaAA+ 225,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 201,304.60 197,051.91 169.40 196,140.63 05/29/1505/28/15AaaAA+ 200,000.00 912828UB4 1.44 27 For the Month Ending June 30, 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 177,611.35 173,130.39 731.15 172,812.50 11/09/1511/05/15AaaAA+ 175,000.00 912828UQ1 1.55 US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 104,363.30 101,661.77 835.16 101,886.72 12/04/1512/01/15AaaAA+ 100,000.00 912828VP2 1.58 US TREASURY NOTES DTD 09/03/2013 2.125% 08/31/2020 194,033.18 187,870.83 1,313.98 188,201.37 12/30/1512/28/15AaaAA+ 185,000.00 912828VV9 1.74 US TREASURY NOTES DTD 10/31/2013 1.750% 10/31/2020 103,363.30 101,697.46 294.84 101,851.56 02/03/1602/01/16AaaAA+ 100,000.00 912828WC0 1.35 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 107,140.60 105,999.41 335.26 106,203.13 05/06/1605/03/16AaaAA+ 100,000.00 912828PC8 1.21 US TREASURY NOTE DTD 12/02/2013 2.000% 11/30/2020 182,868.18 179,665.75 296.45 179,997.07 03/04/1603/02/16AaaAA+ 175,000.00 912828A42 1.38 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 129,301.75 127,201.31 5.94 127,241.21 05/31/1605/27/16AaaAA+ 125,000.00 912828N48 1.35 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 177,037.18 177,226.03 549.86 177,228.52 06/29/1606/27/16AaaAA+ 175,000.00 912828Q37 0.98 8,433.76 2,730,205.89 2,683,330.78 1.35 2,683,823.67 2,665,000.00 Security Type Sub-Total Municipal Bond / Note CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 30,603.30 30,058.04 174.37 30,084.30 03/25/1503/16/15Aa3AA- 30,000.00 20772JZK1 1.90 174.37 30,603.30 30,058.04 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 25,202.63 25,134.02 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 25,360.56 25,194.23 39.54 25,250.00 11/30/1511/06/15AaaAA+ 25,000.00 3136AQSW1 1.20 28 For the Month Ending June 30, 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 Federal Agency Collateralized Mortgage Obligation FANNIE MAE SERIES 2015-M13 ASQ2 DTD 10/01/2015 1.646% 09/01/2019 45,484.19 45,361.45 61.73 45,450.63 10/30/1510/07/15AaaAA+ 45,000.00 3136AQDQ0 1.08 133.56 96,047.38 95,689.70 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 100,276.20 100,058.75 298.96 100,248.00 09/10/1209/06/12AaaAA+ 100,000.00 3135G0MZ3 0.82 FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 125,435.25 124,668.48 197.48 124,033.75 12/03/1311/27/13AaaAA+ 125,000.00 3135G0PQ0 1.08 FANNIE MAE GLOBAL NOTES DTD 04/15/2013 0.875% 05/21/2018 75,296.85 74,560.52 72.92 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 100,395.80 99,675.09 97.22 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 107,235.14 105,593.07 161.15 105,997.50 10/23/1410/22/14AaaAA+ 105,000.00 3135G0YT4 1.39 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 127,660.88 125,002.31 191.84 125,003.75 06/19/1406/16/14AaaAA+ 125,000.00 3135G0YT4 1.62 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 125,615.00 124,739.37 434.03 124,705.00 02/23/1602/19/16AaaAA+ 125,000.00 3135G0J53 1.08 FREDDIE MAC NOTES DTD 04/16/2012 1.750% 05/30/2019 154,124.55 151,118.27 226.04 151,704.00 12/03/1412/01/14AaaAA+ 150,000.00 3137EADG1 1.49 1,679.64 916,039.67 905,415.86 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 251,197.00 250,000.00 527.08 255,340.00 07/30/1207/25/12A1A+ 250,000.00 91159HHD5 1.19 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 100,619.50 99,849.86 496.53 99,542.00 02/08/1302/05/13Aa3AA- 100,000.00 459200HK0 1.35 29 For the Month Ending June 30, 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 BANK OF NEW YORK MELLON (CALLABLE) DTD 03/06/2013 1.350% 03/06/2018 75,440.63 74,992.53 323.44 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 55,135.36 54,924.10 88.61 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 80,934.56 80,000.00 26.72 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 51,353.10 50,286.83 354.17 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 51,353.10 50,361.23 354.17 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 50,512.95 49,969.88 183.33 49,968.00 04/26/1604/21/16A3BBB+ 50,000.00 38141GVT8 2.02 CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 25,172.08 24,987.26 31.32 24,987.00 06/09/1606/02/16Baa1BBB+ 25,000.00 172967KS9 2.07 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 103,255.00 99,880.06 850.00 99,815.00 09/09/1409/04/14A1A+ 100,000.00 02665WAH4 2.29 BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 27,643.23 27,548.61 293.75 27,597.50 06/08/1606/03/16A3A 25,000.00 12189TBC7 1.48 JP MORGAN CHASE & CO CORP NT (CALLABLE) DTD 06/23/2015 2.750% 06/23/2020 103,043.20 100,416.48 61.11 100,497.00 09/04/1509/01/15A3A- 100,000.00 46625HLW8 2.64 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 51,457.00 51,075.54 85.00 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 51,810.95 51,123.43 458.33 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 25,366.23 24,983.91 72.60 24,983.50 05/16/1605/10/16A2A- 25,000.00 05531FAV5 2.06 30 For the Month Ending June 30, 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 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,314.23 24,907.37 56.88 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 4,263.04 1,129,608.12 1,115,307.09 1.72 1,120,612.30 1,110,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 100,050.00 100,000.00 115.00 100,000.00 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 100,106.00 100,000.00 933.22 100,000.00 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 100,054.00 100,000.00 966.78 100,000.00 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 100,779.50 100,000.00 519.44 100,000.00 03/15/1603/11/16Aa3AA- 100,000.00 78009NZZ2 1.69 2,534.44 400,989.50 400,000.00 1.46 400,000.00 400,000.00 Security Type Sub-Total 5,205,000.00 5,235,181.56 1.42 17,218.81 5,229,801.47 5,303,493.86 Managed Account Sub-Total Money Market Fund CAMP Pool 15,167.60 15,167.60 0.00 15,167.60 NRAAAm 15,167.60 15,167.60 15,167.60 0.00 15,167.60 15,167.60 Money Market Sub-Total $5,220,167.60 $5,250,349.16 $17,218.81 $5,244,969.07 $5,318,661.46 1.42% $5,335,880.27 $17,218.81 Total Investments Accrued Interest Securities Sub-Total 31 For the Month Ending June 30, 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 10/01/2012 0.625% 09/30/2017 50,046.90 49,925.08 78.55 49,708.98 10/31/1210/26/12AaaAA+ 50,000.00 912828TS9 0.75 US TREASURY NOTES DTD 11/30/2012 0.625% 11/30/2017 150,123.00 148,839.84 79.41 147,117.19 05/09/1405/06/14AaaAA+ 150,000.00 912828UA6 1.18 US TREASURY NOTES DTD 05/31/2013 1.000% 05/31/2018 50,386.70 49,981.50 42.35 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 101,570.30 100,933.88 574.18 101,554.69 02/04/1502/02/15AaaAA+ 100,000.00 912828VQ0 0.92 US TREASURY NOTES DTD 12/02/2013 1.250% 11/30/2018 96,354.51 94,637.66 100.58 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 51,044.90 49,864.59 313.19 49,767.58 07/31/1407/29/14AaaAA+ 50,000.00 912828B33 1.61 US TREASURY NOTES DTD 10/01/2012 1.000% 09/30/2019 75,559.58 74,277.42 188.52 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 151,119.15 148,002.82 377.05 147,205.08 02/27/1502/26/15AaaAA+ 150,000.00 912828TR1 1.42 US TREASURY NOTES DTD 09/30/2014 1.750% 09/30/2019 257,822.25 252,816.15 1,099.73 253,876.95 03/27/1503/26/15AaaAA+ 250,000.00 912828F39 1.39 US TREASURY NOTES DTD 11/30/2012 1.000% 11/30/2019 150,978.45 147,788.93 127.05 147,105.47 05/29/1505/28/15AaaAA+ 150,000.00 912828UB4 1.44 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 126,865.25 123,664.56 522.25 123,437.50 11/09/1511/05/15AaaAA+ 125,000.00 912828UQ1 1.55 US TREASURY NOTES DTD 02/28/2013 1.250% 02/29/2020 152,238.30 149,646.76 626.70 149,578.13 10/09/1510/08/15AaaAA+ 150,000.00 912828UQ1 1.32 US TREASURY NOTES DTD 07/31/2013 2.000% 07/31/2020 78,272.48 76,246.33 626.37 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 183,544.90 177,715.65 1,242.95 178,028.32 12/30/1512/28/15AaaAA+ 175,000.00 912828VV9 1.74 32 For the Month Ending June 30, 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 10/31/2013 1.750% 10/31/2020 103,363.30 101,697.46 294.84 101,851.56 02/03/1602/01/16AaaAA+ 100,000.00 912828WC0 1.35 US TREASURY NOTES DTD 11/15/2010 2.625% 11/15/2020 26,785.15 26,499.85 83.81 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 156,744.15 153,999.22 254.10 154,283.20 03/04/1603/02/16AaaAA+ 150,000.00 912828A42 1.38 US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 132,695.25 130,955.84 8.07 131,279.30 03/31/1603/30/16AaaAA+ 125,000.00 912828A83 1.28 US TREASURY N/B DTD 12/31/2015 1.750% 12/31/2020 129,301.75 127,201.31 5.94 127,241.21 05/31/1605/27/16AaaAA+ 125,000.00 912828N48 1.35 US TREASURY NOTES DTD 03/31/2016 1.250% 03/31/2021 177,037.18 177,226.03 549.86 177,228.52 06/29/1606/27/16AaaAA+ 175,000.00 912828Q37 0.98 7,195.50 2,401,853.45 2,361,920.88 1.34 2,360,568.17 2,345,000.00 Security Type Sub-Total Municipal Bond / Note CT ST TXBL GO BONDS DTD 03/25/2015 1.974% 03/15/2019 30,603.30 30,058.04 174.37 30,084.30 03/25/1503/16/15Aa3AA- 30,000.00 20772JZK1 1.90 174.37 30,603.30 30,058.04 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 25,202.63 25,134.02 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 25,360.56 25,194.23 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 45,484.19 45,361.45 61.73 45,450.63 10/30/1510/07/15AaaAA+ 45,000.00 3136AQDQ0 1.08 133.56 96,047.38 95,689.70 1.05 95,950.54 95,000.00 Security Type Sub-Total 33 For the Month Ending June 30, 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 Federal Agency Bond / Note FREDDIE MAC GLOBAL NOTES DTD 05/14/2012 1.000% 06/29/2017 30,122.04 30,010.00 1.67 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 120,488.16 120,049.05 6.67 120,140.40 08/13/1408/11/14AaaAA+ 120,000.00 3137EADH9 0.96 FREDDIE MAC GLOBAL NOTES DTD 08/10/2012 1.000% 09/29/2017 175,837.20 175,473.03 447.22 176,867.25 10/05/1210/04/12AaaAA+ 175,000.00 3137EADL0 0.78 FANNIE MAE GLOBAL NOTES DTD 09/24/2012 0.875% 10/26/2017 50,174.10 49,867.39 78.99 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 100,395.80 99,414.03 97.22 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 125,494.75 124,593.86 121.53 123,943.75 05/24/1305/22/13AaaAA+ 125,000.00 3135G0WJ8 1.05 FANNIE MAE GLOBAL NOTES DTD 10/01/2013 1.625% 11/27/2018 107,235.14 105,593.07 161.15 105,997.50 10/23/1410/22/14AaaAA+ 105,000.00 3135G0YT4 1.39 FNMA BENCHMARK NOTE DTD 02/23/2016 1.000% 02/26/2019 125,615.00 124,739.37 434.03 124,705.00 02/23/1602/19/16AaaAA+ 125,000.00 3135G0J53 1.08 1,348.48 835,362.19 829,739.80 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 125,598.50 125,458.00 263.54 127,670.00 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 75,123.90 75,113.01 59.80 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 100,165.20 100,000.00 79.73 100,000.00 12/05/1211/28/12Aa2AA- 100,000.00 166764AA8 1.10 IBM CORP GLOBAL NOTES DTD 02/08/2013 1.250% 02/08/2018 100,619.50 99,849.86 496.53 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 100,587.50 99,990.04 431.25 99,971.00 03/06/1303/04/13A1A 100,000.00 06406HCJ6 1.36 34 For the Month Ending June 30, 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 APPLE INC GLOBAL NOTES DTD 05/03/2013 1.000% 05/03/2018 55,135.36 54,924.10 88.61 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 80,934.56 80,000.00 26.72 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 51,353.10 50,286.83 354.17 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 51,353.10 50,361.23 354.17 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 50,512.95 49,969.88 183.33 49,968.00 04/26/1604/21/16A3BBB+ 50,000.00 38141GVT8 2.02 CITIGROUP INC CORP NOTES DTD 06/09/2016 2.050% 06/07/2019 25,172.08 24,987.26 31.32 24,987.00 06/09/1606/02/16Baa1BBB+ 25,000.00 172967KS9 2.07 AMERICAN HONDA FINANCE GLOBAL NOTES DTD 09/09/2014 2.250% 08/15/2019 103,255.00 99,880.06 850.00 99,815.00 09/09/1409/04/14A1A+ 100,000.00 02665WAH4 2.29 BURLINGTON NRTH CORP DTD 09/24/2009 4.700% 10/01/2019 27,643.23 27,548.61 293.75 27,597.50 06/08/1606/03/16A3A 25,000.00 12189TBC7 1.48 WELLS FARGO & CO DTD 02/02/2015 2.150% 01/30/2020 177,968.70 175,890.59 1,578.16 176,223.25 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 103,043.20 100,416.48 61.11 100,497.00 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 51,810.95 51,123.43 458.33 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 25,366.23 24,983.91 72.60 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 25,314.23 24,907.37 56.88 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 35 For the Month Ending June 30, 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 5,740.00 1,330,957.29 1,315,690.66 1.70 1,318,456.05 1,310,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK FINLAND NY CD DTD 05/29/2015 1.150% 05/26/2017 100,050.00 100,000.00 115.00 100,000.00 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 100,106.00 100,000.00 933.22 100,000.00 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 100,054.00 100,000.00 966.78 100,000.00 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 100,779.50 100,000.00 519.44 100,000.00 03/15/1603/11/16Aa3AA- 100,000.00 78009NZZ2 1.69 2,534.44 400,989.50 400,000.00 1.46 400,000.00 400,000.00 Security Type Sub-Total 5,010,000.00 5,034,840.08 1.39 17,126.35 5,033,099.08 5,095,813.11 Managed Account Sub-Total Money Market Fund CAMP Pool 18,216.75 18,216.75 0.00 18,216.75 NRAAAm 18,216.75 18,216.75 18,216.75 0.00 18,216.75 18,216.75 Money Market Sub-Total $5,028,216.75 $5,053,056.83 $17,126.35 $5,051,315.83 $5,114,029.86 1.39% $5,131,156.21 $17,126.35 Total Investments Accrued Interest Securities Sub-Total 36 LAKE ELSINORE For the Quarter Ended June 30, 2016 Appendix Important Disclosures This material is based on information obtained from sources generally believed to be reliable and available to the public, however PFM Asset Management LLC cannot guarantee its accuracy, completeness or suitability. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation. All statements as to what will or may happen under certain circumstances are based on assumptions, some but not all of which are noted in the presentation. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Past performance does not necessarily reflect and is not a guaranty of future results. The information contained in this presentation is not an offer to purchase or sell any securities. Dime ■Market values which include accrued interest, are derived from closing bid prices as of the last business day of the month as supplied by a third party vendor. Where prices are not available from generally recognized sources the securities are priced using a yield based matrix system to arrive at an estimated market value. ■In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances and forward settling sales are excluded. ■Performance is presented in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns. ■Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets. ■Money market fund/cash balances are included in performance and duration computations. ■Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings. ■Callable securities in portfolio are included in the maturity distribution analysis to their stated maturity date, although they may be called prior to maturity. ■MBS maturities are represented by expected average life. 2016 PFM Asset Management LLC 37