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Item No. 12 SA Invest Report Nov 2019, Dec 2019, Jan 2020
Text File City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 www.lake-elsinore.org File Number: ID# 19-497 Agenda Date: 2/25/2020 Status: Approval FinalVersion: 1 File Type: Council Consent Calendar In Control: City Council / Successor Agency Agenda Number: 12) Page 1 City of Lake Elsinore Printed on 2/20/2020 REPORT TO SUCCESSOR AGENCY BOARD OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE To: Honorable Agency Chairman and Members of the Successor Agency From: Grant Yates, Executive Director Prepared by: Andrew Zavala, Accountant I Approved by: Jason Simpson, Assistant Executive Director Date: February 25, 2020 Subject: Investment Report for November 2019, December 2019, and January 2020 Recommendation Receive and file the Investment Report for November 2019, December 2019, and January 2020. Background and Discussion The Investment Report is a listing of all funds invested for the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report. Additionally, the Review of the Investment Performance for the quarter ended December 31, 2019 is included. Fiscal Impact No fiscal impact. Exhibits A: Investment Report for November 2019 B: Investment Report for December 2019 C: Investment Report for January 2020 D: Investment Performance Review for the Quarter Ended December 31, 2019 CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 2,039,821$ 18,608$ (324,788)$ 1,733,642$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 2,039,821 18,608 (324,788) 1,734,942 INVESTMENTS Local Agency Investment Fund 1,403,655 - - 1,403,655 CAMP Investments: CAMP Pool Account 5,059,741 - - 5,059,741 U.S. Treasury Bond / Note 14,141,532 - - 14,141,532 Supra-National Agency Bond / Note 723,920 - - 723,920 Municipal Bond / Note 100,000 - - 100,000 Federal Agency Collateralized Mortgage Obligation 687,678 - - 687,678 Corporate Notes 6,739,800 - - 6,739,800 Negotiable Certificate of Deposit 4,739,856 - - 4,739,856 Asset-Backed Security / Collaterized Mortgage 3,344,540 - - 3,344,540 Sub-total Investments 36,940,722 - - 36,940,722 Market Value Adjustment: Unrealized Gain/(Loss) at 09/30/2019 687,826 - - 687,826 Total Investments 37,628,548 - - 37,628,548 Total Pooled Cash and Investments 39,668,369$ 18,608$ (324,788)$ 39,363,490$ TOTAL POOLED CASH AND INVESTMENTS 39,363,490$ 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 11, 2019. 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 February 11, 2020 Assistant City Manager 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 NOVEMBER 30, 2019 FUND NO FUND NAME AMOUNT 100 General 4,256,012$ 106 Affordable Housing In Lieu 1,515,202 107 Developer Agreement Revenue 15,188 109 Road Maintenance and Rehabilitation (SB1)1,096,566 110 State Gas Tax 253,788 112 Measure A 1,897,817 114 SB1186 CASP Education Program 20,339 115 Traffic Safety 65,047 118 Lake Side Facility DIF 84,351 119 Animal Shelter DIF 9,970 121 T.R.I.P.-2014A 145 135 Lighting & Landscape Maintenance - Dist. No. 1 652,952 140 Geothermal 19,339 160 PEG Grant 24,917 202 La Strada RBBD 92,900 203 E.L.S.P. - S.T.I.F.2,344,353 205 Traffic Impact Fee 5,050,346 211 Storm Drain C.I.P. 426,806 220 Street Lighting C.I.P.214 221 Quimby Park C.I.P.290,963 231 Library C.I.P. 1,224,304 232 City Fire Protection 41,027 300 Insurance Service 1,282,843 305 Information Systems Service 387,237 310 Support Service 20,722 320 Facilities Service 678,585 331 CFD 2006-1CC Summerly Improvement Area CC 13,222 332 CFD 2006-1 Improvement Area B, Summerly 42,934 334 CFD 2015-5 Trieste - Far West Industries 1,771 335 CFD 2003-2E Canyon Hills Improvement Area E 4,821 336 CFD 2006-1FF Summerly Improvement Area FF 5,864 338 CFD 2006-1 IA-JJ Summerly Improvement Area 17,667 340 CFD 2006-1 IA-EE Summerly Improvement Area 12,948 346 CFD 2014-1 Southshore 66,777 347 CFD 2006-1 Improvement Area A, Summerly 14,639 350 CFD 98-1 Summerhill 14,170 351 CFD 2006-1 IA-II Summerly Improvement 7,737 357 CFD 2003-2 Canyon Hills Improvement Area 24,598 366 CFD 2005-6 City Center Townhomes 13,278 368 CFD 2006-2 Viscaya 14,469 369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 34,091 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 NOVEMBER 30, 2019 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 NOVEMBER 30, 2019 371 CFD 2005-1 Serenity 20,520 372 CFD 2005-2 Alberhill Ranch Improvement Area 59,925 374 CFD 2005-4 Lakeview Villas 7,309 375 CFD 2006-4 Clurman 11,822 376 CFD 2006-3 La Strada 4,278 377 CFD 2006-6 Tessara 7,207 378 CFD 2006-8 Running Deer Estates 8,361 384 CFD 2003-2 Area B Canyon Hills Improvement Area 17,442 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 29,743 386 CFD 2007-4 Mekenna Court 15,612 387 CFD 2007-5 Red Kite 4,571 388 CFD 2007-6 Holiday Inn Express 991 389 CFD 88-3 (2008A) West Lake Elsinore Series A 60,591 390 CFD 2003-2 Area C Canyon Hills Improvement Area 6,796 392 CFD 95-1 City Center 14,813 393 AD 93-1 Cottonwood Hills 62,092 394 CFD 2005-5 (2012A) Wasson Canyon 7,656 396 CFD 2018-2 Nichols Ranch Improvement Area 32,465 500 Capital Improvement Plan 3,911,382 510 Successor To RDA Area I, II, & III 2,500,759 540 Successor To RDA Diamond Stadium 2,215,897 603 Endowment Trust - Carl Graves 54,758 604 Endowment Trust - Korn Memorial 33,011 605 Public Improvement Trust 120,543 606 Mobile Source Air Polution Reduction 331,634 608 Trust Deposit & Pre Paid Expense 2,606,764 617 Successor Agency Housing 3,761,873 620 Cost Recovery System 1,019,163 631 Lake Destratification Equipment Replacement 394,594 Total Pooled Cash & Investments 39,363,490$ DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00%Unlimited U.S. Treasury Bond / Note 38.28%Unlimited Current Balance 14,141,532$ Supra-National Agency Bond / Note 1.96%30% Current Balance 723,920$ Municipal Bond / Note 0.27%Unlimited Current Balance 100,000$ Federal Agency Collaterized Mortgage Obligation 1.86%40.00% Current Balance 687,678$ Federal Agency Bond / Note 0.00%*Unlimited Current Balance -$ Negotiable Certificates of Deposit 12.83%30.00% Current Balance 4,739,856$ Corporate Note 18.24%30.00% Current Balance 6,739,800$ Asset-Backed Security / Collaterized Mortgage 9%20% Current Balance 3,344,540$ Repurchase Agreements 0.00%Unlimited Reverse Repurchase Agreements 0.00%10.00% LAIF (Local Agency Investment Fund)3.80%*$65 Million Current Balance 1,403,655$ CAMP - Pooled Sweep Account 13.70%Unlimited Current Balance 5,059,741$ TOTAL 100.00%36,940,722$ Note: *No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. *Investment in LAIF may not exceed $65 million in each agency. FOR THE MONTH ENDING NOVEMBER 30, 2019 SUMMARY OF POLICY LIMITATIONS C I T Y O F L A K E E L S I N O R E Local Agency Investment Fund Yield Purchase Date Maturity Rate 2.103%Daily 24-Hour Investment Beginning Balance Net Increase/(Decrease)Ending Balance Total Investments Held with Local Agency Investment Fund:3,403,655$ (2,000,000)$ 1,403,655$ 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 NOVEMBER 30, 2019 01/06/20 2.00 2.00 226 01/07/20 1.99 2.00 224 01/08/20 1.99 2.00 224 01/09/20 1.99 2.00 224 01/10/20 1.98 2.00 223 01/11/20 1.98 2.00 223 01/12/20 1.98 2.00 223 01/13/20 1.98 1.99 220 01/14/20 1.97 1.99 221 01/15/20 1.96 1.99 228 01/16/20 1.95 1.99 226 01/17/20 1.95 1.99 224 01/18/20 1.95 1.98 224 01/19/20 1.95 1.98 224 01/20/20 1.95 1.98 224 01/21/20 1.95 1.98 219 01/22/20 1.95 1.98 218 01/23/20 1.94 1.98 216 01/24/20 1.94 1.98 218 01/25/20 1.94 1.97 218 01/26/20 1.94 1.97 218 01/27/20 1.94 1.97 216 01/28/20 1.94 1.97 215 Jan 2020 1.967 01/29/20 1.94 1.97 216 Dec 2019 2.043 01/30/20 1.93 1.97 215 Nov 2019 2.103 01/31/20 1.93 1.97 215 02/01/20 1.93 1.97 215 02/02/20 1.93 1.96 215 02/03/20 1.92 1.96 213 02/04/20 1.92 1.96 211 02/05/20 1.92 1.96 212Apportionment Rate(2):2.29 Quarter Ended 12/31/19 PMIA Daily Rates(1) Date Daily Yield* Quarter to Date Yield Average Maturity (in days) Average Life(1): View Prior Month Daily Rates *Daily yield does not reflect capital gains or losses 226 2.11%Quarter to Date(1): LAIF Quarterly Performance 0.0000625008577897 1.001770298 Earnings Ratio(2): Fair Value Factor(1): Daily(1):2.02% Treasuries 53.88% Agencies 14.32% Certificates of Deposit/Bank Notes 18.16% Time Deposits 5.33% Commercial Paper 7.61% Loans 0.68% Pooled Money Investment Account Portfolio Composition (1) 12/31/19 $88.9 billion Percentages may not total 100% due to rounding Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). Source: (1)State of California, Office of the Treasurer (2) State of Calfiornia, Office of the Controller PMIA Average Monthly Effective Yields(1) PMIA/LAIF Performance Report as of 02/05/2020 CAMP Investment Portfolio For the Month Ending November 30, 2019Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 142,870.51 6,390,593.98 (1,473,723.42) 0.00 $5,059,741.07 CAMP Pool Unsettled Trades 0.00 605.19 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 35,662,018.77 1,461,301.45 (6,303,008.53) (76,358.79) $30,843,952.90 CAMP Managed Account Unsettled Trades 100,000.00 293,580.39 Cash Dividends and Income November 30, 2019 October 31, 2019 Asset Summary CAMP Pool 5,059,741.07 142,870.51 CAMP Managed Account 30,843,952.90 35,662,018.77 $35,903,693.97 $35,804,889.28 Total Asset Allocation 14.09% CAMP Pool 85.91% CAMP Managed Account Page 1 For the Month Ending November 30, 2019Managed 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 $142,870.51 6,390,593.98 (1,473,723.42) $5,059,741.07 605.19 $35,662,018.77 (4,362.02) (6,298,646.51) 1,461,301.45 100,000.00 (76,358.79) $30,843,952.90 $35,804,889.28 $35,903,693.97 149,542.76 (9,310.26) 153,347.89 $293,580.39 0.00 6,348,692.93 99,496.34 4,362.02 (1,470,611.71) (4,981,939.58) 0.00 Managed Account Total 30,462,831.95 35,522,573.02 130,236.24 6,348,692.93 4,362.02 99,496.34 (1,570,611.71) (35,060,740.90) (204,288.48) 0.00 130,236.24 7,822,416.35 4,362.02 99,496.34 (7,961,205.69) (35,203,611.41) (204,288.48) 605.19 Total Accrual Basis Earnings $209,978.39 $210,583.58 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending November 30, 2019Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 14,325,000.00 14,392,560.83 40.08 Supra-National Agency Bond / Note 725,000.00 727,735.10 2.03 Municipal Bond / Note 100,000.00 99,995.00 0.28 Federal Agency Collateralized Mortgage Obligation 682,007.72 693,104.91 1.93 Corporate Note 6,655,000.00 6,774,428.52 18.87 Certificate of Deposit 4,740,000.00 4,773,700.59 13.30 Asset-Backed Security 3,345,000.00 3,382,427.95 9.42 Managed Account Sub-Total 30,572,007.72 30,843,952.90 85.91% Accrued Interest 130,236.24 Total Portfolio 30,572,007.72 30,974,189.14 CAMP Pool 5,059,741.07 5,059,741.07 14.09 Total Investments 35,631,748.79 36,033,930.21 100.00% Unsettled Trades 100,000.00 99,995.00 Sector Allocation 9.42% ABS 13.30% Cert of Deposit 18.87% Corporate Note 1.93% Fed Agency CMO 14.09% Mny Mkt Fund 0.28% Muni Bond / Note 2.03% Supra-National Agency Bond / Note 40.08% 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 17.79% 8.23% 12.84% 4.61% 44.21% 12.32% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.54 1052 2.40% 1.80% Page 3 For the Month Ending November 30, 2019Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Credit Quality (S&P Ratings) 7.82% A 3.14% A+ 5.82% A- 3.79% A-1 6.47% A-1+ 42.02% AA+ 2.35% AA- 10.68% AAA 14.09% AAAm 3.06% BBB+ 0.76% NR Issuer Summary Percentof HoldingsIssuer Market Value 200,943.60 0.56 AMERICAN EXPRESS CO 403,835.20 1.12 AMERICAN HONDA FINANCE 403,020.11 1.12 BANK OF AMERICA CO 675,552.96 1.88 BANK OF MONTREAL 382,868.62 1.07 BANK OF NOVA SCOTIA 325,315.00 0.91 BB&T CORPORATION 304,826.01 0.85 BMW FINANCIAL SERVICES NA LLC 5,059,741.07 14.09 CAMP Pool 797,268.80 2.22 CAPITAL ONE FINANCIAL CORP 712,333.44 1.98 CARMAX AUTO OWNER TRUST 99,995.00 0.28 CHAFFEY CA JT UNION HS DIST 239,214.26 0.67 CHARLES SCHWAB 355,104.78 0.99 DEERE & COMPANY 190,014.44 0.53 FANNIE MAE 503,090.47 1.40 FREDDIE MAC 250,754.25 0.70 GENERAL ELECTRIC CO 278,430.19 0.78 GM FINANCIAL AUTO LEASING TRUST 577,652.47 1.61 GM FINANCIAL SECURITIZED TERM 423,390.00 1.18 GOLDMAN SACHS GROUP INC 177,969.94 0.50 HERSHEY COMPANY 381,918.08 1.06 HONDA AUTO RECEIVABLES 302,503.20 0.84 IBM CORP 402,928.80 1.12 INTERNATIONAL FINANCE CORPORATION 324,806.30 0.90 INTL BANK OF RECONSTRUCTION AND DEV 690,207.08 1.92 JP MORGAN CHASE & CO 425,007.60 1.18 MORGAN STANLEY 404,545.60 1.13 NATIONAL RURAL UTILITIES CO FINANCE CORP 776,997.95 2.16 NORDEA BANK AB 142,327.50 0.40 PACCAR FINANCIAL CORP 280,658.56 0.78 PEPSICO INC 421,170.40 1.17 PNC FINANCIAL SERVICES GROUP 691,243.88 1.93 ROYAL BANK OF CANADA Page 4 For the Month Ending November 30, 2019Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Percentof HoldingsIssuer Market Value 400,785.60 1.12 SKANDINAVISKA ENSKILDA BANKEN AB 125,162.64 0.35 STATE STREET CORPORATION 802,982.40 2.24 SWEDBANK AB 403,005.20 1.12 THE BANK OF NEW YORK MELLON CORPORATION 396,144.00 1.10 THE WALT DISNEY CORPORATION 50,771.90 0.14 TOYOTA MOTOR CORP 300,955.20 0.84 UBS AG 303,089.40 0.84 UNILEVER PLC 14,392,560.83 40.09 UNITED STATES TREASURY 329,998.96 0.92 VOLKSWAGEN OF AMERICA 50,288.30 0.14 WELLS FARGO & COMPANY 742,313.98 2.07 WESTPAC BANKING CORP $35,903,693.97 Total 100.00% Page 5 For the Month Ending November 30, 2019Managed 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 12/31/2013 2.375% 12/31/2020 10,070.70 10,117.07 99.39 10,502.34 03/31/1603/30/16AaaAA+ 10,000.00 912828A83 1.28 US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 15,005.28 15,064.97 109.85 15,268.94 05/31/1605/27/16AaaAA+ 15,000.00 912828N48 1.35 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 2,691,509.60 2,616,593.15 23,565.56 2,607,972.65 01/31/1901/30/19AaaAA+ 2,650,000.00 912828N30 2.55 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1,100,558.80 1,074,605.60 48.84 1,070,050.78 04/05/1904/01/19AaaAA+ 1,100,000.00 912828R69 2.32 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1,525,774.70 1,493,328.42 67.71 1,488,304.69 05/03/1905/01/19AaaAA+ 1,525,000.00 912828R69 2.25 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 2,001,016.00 1,939,553.46 88.80 1,927,421.87 03/06/1903/04/19AaaAA+ 2,000,000.00 912828R69 2.53 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 3,076,562.10 3,053,700.64 136.53 3,050,856.45 06/07/1906/03/19AaaAA+ 3,075,000.00 912828R69 1.83 US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1,000,469.00 1,005,528.34 1,383.93 1,005,742.19 10/04/1910/02/19AaaAA+ 1,000,000.00 912828T91 1.48 US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1,650,773.85 1,640,120.31 2,283.48 1,639,107.42 07/03/1907/01/19AaaAA+ 1,650,000.00 912828T91 1.78 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1,320,820.80 1,325,938.15 10,880.43 1,326,304.69 11/06/1911/01/19AaaAA+ 1,300,000.00 912828XX3 1.55 38,664.52 14,392,560.83 14,174,550.11 2.09 14,141,532.02 14,325,000.00 Security Type Sub-Total Supra-National Agency Bond / Note INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 49,970.20 49,968.01 171.28 49,880.00 09/19/1709/12/17AaaAAA 50,000.00 45905UP32 1.64 INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 124,925.50 124,920.03 428.19 124,700.00 09/19/1709/12/17AaaAAA 125,000.00 45905UP32 1.64 Page 6 For the Month Ending November 30, 2019Managed 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 Supra-National Agency Bond / Note INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 149,910.60 149,904.03 513.83 149,640.00 09/19/1709/12/17AaaAAA 150,000.00 45905UP32 1.64 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,366.10 49,983.57 300.10 49,962.50 03/16/1803/09/18AaaAAA 50,000.00 45950VLQ7 2.66 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,366.10 49,983.57 300.10 49,962.50 03/16/1803/09/18AaaAAA 50,000.00 45950VLQ7 2.66 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 302,196.60 299,901.43 1,800.58 299,775.00 03/16/1803/09/18AaaAAA 300,000.00 45950VLQ7 2.66 3,514.08 727,735.10 724,660.64 2.21 723,920.00 725,000.00 Security Type Sub-Total Municipal Bond / Note CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 99,995.00 100,000.00 0.00 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10 0.00 99,995.00 100,000.00 2.10 100,000.00 100,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 27,144.91 26,957.41 79.16 27,214.40 04/30/1804/11/18AaaAA+ 26,683.64 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 27,144.91 26,957.41 79.16 27,214.40 04/30/1804/11/18AaaAA+ 26,683.64 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 135,724.62 134,787.11 395.81 136,072.06 04/30/1804/11/18AaaAA+ 133,418.25 3136B1XP4 2.27 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 35,772.98 35,166.22 90.13 35,298.05 04/09/1804/04/18AaaAA+ 35,000.00 3137BM6P6 2.61 Page 7 For the Month Ending November 30, 2019Managed 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 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 35,772.98 35,166.22 90.13 35,298.05 04/09/1804/04/18AaaAA+ 35,000.00 3137BM6P6 2.61 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 163,533.62 160,759.88 412.00 161,362.50 04/09/1804/04/18AaaAA+ 160,000.00 3137BM6P6 2.61 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 133,224.76 130,221.80 347.58 130,221.79 12/17/1812/07/18AaaAA+ 130,222.19 3137FKK39 3.11 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 134,786.13 134,999.10 235.35 134,996.76 11/26/1911/20/19AaaAA+ 135,000.00 3137FQ3V3 2.03 1,729.32 693,104.91 685,015.15 2.50 687,678.01 682,007.72 Security Type Sub-Total Corporate Note GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 250,754.25 250,876.67 5,461.81 289,082.50 03/25/1503/20/15Baa1BBB+ 250,000.00 36962G4J0 2.05 JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 25,007.48 24,997.09 215.31 24,984.75 06/22/1706/19/17A2A 25,000.00 24422ETS8 1.97 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 50,288.30 50,255.26 616.25 51,108.00 05/10/1605/06/16A2A- 50,000.00 94974BGR5 2.04 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 25,030.60 24,995.67 179.17 24,988.50 10/26/1710/23/17A2A- 25,000.00 05531FAZ6 2.17 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 25,030.60 24,995.67 179.17 24,988.50 10/26/1710/23/17A2A- 25,000.00 05531FAZ6 2.17 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 75,091.80 74,987.00 537.50 74,965.50 10/26/1710/23/17A2A- 75,000.00 05531FAZ6 2.17 IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 302,503.20 299,940.82 2,561.67 299,853.00 02/06/1802/01/18A2A 300,000.00 44932HAG8 2.67 Page 8 For the Month Ending November 30, 2019Managed 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 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,284.10 24,987.88 153.06 24,972.25 02/26/1802/21/18A2A 25,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,284.10 24,987.88 153.06 24,972.25 02/26/1802/21/18A2A 25,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,284.10 24,952.16 153.06 24,894.25 04/19/1804/12/18A2A 25,000.00 63743HER9 3.05 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,284.10 24,952.16 153.06 24,894.25 04/19/1804/12/18A2A 25,000.00 63743HER9 3.05 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 126,420.50 124,939.41 765.28 124,861.25 02/26/1802/21/18A2A 125,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 176,988.70 174,665.15 1,071.39 174,259.75 04/19/1804/12/18A2A 175,000.00 63743HER9 3.05 UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 303,089.40 299,315.41 1,581.25 298,467.00 03/22/1803/19/18A1A+ 300,000.00 904764AZ0 2.93 TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 50,771.90 49,990.67 196.67 49,980.00 04/13/1804/10/18Aa3AA- 50,000.00 89236TEU5 2.96 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 40,094.08 39,996.79 102.22 39,992.00 10/10/1710/05/17A1A+ 40,000.00 713448DX3 2.01 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 40,094.08 39,996.79 102.22 39,992.00 10/10/1710/05/17A1A+ 40,000.00 713448DX3 2.01 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 50,375.65 50,318.30 159.72 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 50,375.65 50,318.30 159.72 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 200,470.40 199,983.94 511.11 199,960.00 10/10/1710/05/17A1A+ 200,000.00 713448DX3 2.01 Page 9 For the Month Ending November 30, 2019Managed 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 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 302,253.90 301,932.82 958.33 306,978.00 05/19/1605/16/16A1A 300,000.00 06406FAA1 2.00 BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 25,226.68 25,079.48 76.56 25,194.00 11/03/1711/01/17A2A- 25,000.00 06051GFW4 2.39 AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 200,943.60 199,860.65 325.00 199,536.00 05/31/1605/25/16A2A- 200,000.00 0258M0EB1 2.30 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 20,332.50 19,997.44 36.17 19,994.80 05/10/1805/07/18A1A+ 20,000.00 69371RP26 3.11 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 20,332.50 19,997.44 36.17 19,994.80 05/10/1805/07/18A1A+ 20,000.00 69371RP26 3.11 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 25,020.25 24,995.07 29.90 24,983.50 05/16/1605/10/16A2A- 25,000.00 05531FAV5 2.06 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 25,020.25 24,995.07 29.90 24,983.50 05/16/1605/10/16A2A- 25,000.00 05531FAV5 2.06 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 101,662.50 99,987.21 180.83 99,974.00 05/10/1805/07/18A1A+ 100,000.00 69371RP26 3.11 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 150,121.50 149,970.39 179.38 149,901.00 05/16/1605/10/16A2A- 150,000.00 05531FAV5 2.06 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,424.28 24,991.43 34.44 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.12 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,424.28 24,991.43 34.44 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.12 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 127,121.38 124,957.15 172.22 124,913.75 05/10/1805/03/18A1A 125,000.00 427866BA5 3.12 Page 10 For the Month Ending November 30, 2019Managed 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 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,032.53 24,971.22 16.25 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,032.53 24,971.22 16.25 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 75,097.58 74,913.66 48.75 74,716.50 05/24/1605/19/16A1A 75,000.00 857477AV5 2.03 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 35,627.66 34,999.46 31.60 34,998.95 05/22/1805/17/18A2A 35,000.00 808513AW5 3.25 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 203,586.60 199,996.91 180.56 199,994.00 05/22/1805/17/18A2A 200,000.00 808513AW5 3.25 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 35,077.18 35,000.00 135.80 35,000.00 09/18/1709/13/17A2A- 35,000.00 06051GGS2 2.33 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 35,077.18 35,000.00 135.80 35,000.00 09/18/1709/13/17A2A- 35,000.00 06051GGS2 2.33 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 200,441.00 200,000.00 776.00 200,000.00 09/18/1709/13/17A2A- 200,000.00 06051GGS2 2.33 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 50,784.20 49,900.77 533.68 49,779.50 03/15/1703/10/17A2A 50,000.00 24422ETL3 2.75 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 279,313.10 274,454.22 2,935.24 273,787.25 03/15/1703/10/17A2A 275,000.00 24422ETL3 2.75 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 15,314.01 15,000.00 20.41 15,000.00 05/17/1805/14/18A2A- 15,000.00 06051GHH5 3.50 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 15,314.01 15,000.00 20.41 15,000.00 05/17/1805/14/18A2A- 15,000.00 06051GHH5 3.50 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 76,570.05 75,000.00 102.05 75,000.00 05/17/1805/14/18A2A- 75,000.00 06051GHH5 3.50 JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 690,207.08 675,000.00 3,607.88 675,000.00 03/22/1903/15/19A2A- 675,000.00 46647PBB1 3.21 Page 11 For the Month Ending November 30, 2019Managed 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 PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 421,170.40 402,425.57 4,977.78 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 425,007.60 421,311.31 1,377.78 422,916.00 07/23/1907/19/19A3BBB+ 400,000.00 61746BDQ6 2.59 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 403,835.20 398,161.13 4,106.67 398,016.00 07/15/1907/11/19A2A 400,000.00 02665WCZ2 2.51 GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 423,390.00 417,271.49 6,117.22 418,632.00 07/11/1907/08/19A3BBB+ 400,000.00 38141EC23 2.84 WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 396,144.00 398,441.96 1,652.78 398,368.00 09/06/1909/03/19A2A 400,000.00 254687FK7 1.84 43,898.95 6,774,428.52 6,694,027.52 2.64 6,739,799.80 6,655,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 100,257.80 100,000.00 763.11 100,000.00 02/22/1802/20/18P-1A-1+ 100,000.00 65590ASN7 2.72 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 100,257.80 100,000.00 763.11 100,000.00 02/22/1802/20/18P-1A-1+ 100,000.00 65590ASN7 2.72 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 576,482.35 575,000.00 4,387.89 575,000.00 02/22/1802/20/18P-1A-1+ 575,000.00 65590ASN7 2.72 UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 300,955.20 300,000.00 2,150.83 300,000.00 03/06/1803/02/18P-1A-1 300,000.00 90275DHG8 2.93 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 30,226.47 29,997.00 451.73 29,988.60 06/07/1806/05/18P-1A-1 30,000.00 06417GU22 3.10 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 50,377.45 49,995.00 752.89 49,981.00 06/07/1806/05/18P-1A-1 50,000.00 06417GU22 3.10 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 302,264.70 299,970.02 4,517.33 299,886.00 06/07/1806/05/18P-1A-1 300,000.00 06417GU22 3.10 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 100,312.70 100,000.00 649.17 100,000.00 08/07/1708/03/17P-1A-1+ 100,000.00 96121T4A3 2.05 Page 12 For the Month Ending November 30, 2019Managed 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 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 100,312.70 100,000.00 649.17 100,000.00 08/07/1708/03/17P-1A-1+ 100,000.00 96121T4A3 2.05 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 541,688.58 540,000.00 3,505.50 540,000.00 08/07/1708/03/17P-1A-1+ 540,000.00 96121T4A3 2.05 BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 675,552.96 670,000.00 7,005.59 670,000.00 08/03/1808/01/18P-1A-1 670,000.00 06370REU9 3.23 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 100,372.80 100,000.00 81.97 100,000.00 11/17/1711/16/17P-1A-1+ 100,000.00 87019U6D6 2.30 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 100,372.80 100,000.00 81.97 100,000.00 11/17/1711/16/17P-1A-1+ 100,000.00 87019U6D6 2.30 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 602,236.80 600,000.00 491.83 600,000.00 11/17/1711/16/17P-1A-1+ 600,000.00 87019U6D6 2.30 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 51,203.25 50,000.00 783.00 50,000.00 06/08/1806/07/18Aa2AA- 50,000.00 78012UEE1 3.24 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 102,406.50 100,000.00 1,566.00 100,000.00 06/08/1806/07/18Aa2AA- 100,000.00 78012UEE1 3.24 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 537,634.13 525,000.00 8,221.50 525,000.00 06/08/1806/07/18Aa2AA- 525,000.00 78012UEE1 3.24 SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 400,785.60 400,000.00 1,839.33 400,000.00 09/03/1908/29/19Aa2A+ 400,000.00 83050PDR7 1.88 38,661.92 4,773,700.59 4,739,962.02 2.67 4,739,855.60 4,740,000.00 Security Type Sub-Total Asset-Backed Security BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 304,826.01 299,998.25 308.00 299,997.33 10/17/1810/10/18AaaAAA 300,000.00 05586CAD6 3.36 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 278,430.19 274,975.43 277.29 274,964.97 09/26/1809/18/18AaaAAA 275,000.00 36256GAE9 3.31 Page 13 For the Month Ending November 30, 2019Managed 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 Asset-Backed Security HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 381,918.08 374,957.02 526.67 374,943.94 11/28/1811/20/18AaaAAA 375,000.00 43815AAC6 3.17 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 329,998.96 324,989.43 322.74 324,986.35 11/21/1811/15/18AaaAAA 325,000.00 92869BAD4 3.25 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 303,746.46 299,949.18 377.50 299,930.04 07/18/1807/11/18NRAAA 300,000.00 36255JAD6 3.03 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 355,084.10 349,965.01 486.89 349,952.30 07/25/1807/18/18NRAAA 350,000.00 14313FAD1 3.36 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 357,249.34 349,997.69 522.67 349,996.78 10/24/1810/17/18NRAAA 350,000.00 14315EAC4 3.36 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 273,906.01 269,975.32 334.13 269,970.11 01/16/1901/08/19AaaNR 270,000.00 36256XAD4 2.97 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 797,268.80 799,809.18 611.56 799,798.56 09/05/1908/28/19NRAAA 800,000.00 14041NFU0 1.73 3,767.45 3,382,427.95 3,344,616.51 2.88 3,344,540.38 3,345,000.00 Security Type Sub-Total 30,572,007.72 30,477,325.81 2.40 130,236.24 30,462,831.95 30,843,952.90 Managed Account Sub-Total Money Market Mutual Fund CAMP Pool 5,059,741.07 5,059,741.07 0.00 5,059,741.07 NRAAAm 5,059,741.07 5,059,741.07 5,059,741.07 0.00 5,059,741.07 5,059,741.07 Money Market Sub-Total $35,631,748.79 $35,537,066.88 $130,236.24 $35,522,573.02 $35,903,693.97 2.40% $36,033,930.21 $130,236.24 Total Investments Accrued Interest Securities Sub-Total Bolded items are forward settling trades. Page 14 For the Month Ending November 30, 2019Managed 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 1.06 (46.37)(431.64) 10,070.70 100.71 MERRILL 10,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 1.71 1.06 1.06 (59.69)(263.66) 15,005.28 100.04 MORGANST 15,000.00 912828N48US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 1.72 1.06 2.95 74,916.45 83,536.95 2,691,509.60 101.57 MORGAN_S 2,650,000.00 912828N30US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 1.60 2.95 3.39 25,953.20 30,508.02 1,100,558.80 100.05 SOCGEN 1,100,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.61 3.39 3.39 32,446.28 37,470.01 1,525,774.70 100.05 MORGAN_S 1,525,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.61 3.39 3.39 61,462.54 73,594.13 2,001,016.00 100.05 MORGAN_S 2,000,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.61 3.39 3.39 22,861.46 25,705.65 3,076,562.10 100.05 MORGAN_S 3,075,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.61 3.39 3.78 (5,059.34)(5,273.19) 1,000,469.00 100.05 BNP_PARI 1,000,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1.61 3.78 3.78 10,653.54 11,666.43 1,650,773.85 100.05 MERRILL 1,650,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1.61 3.78 4.33 (5,117.35)(5,483.89) 1,320,820.80 101.60 MORGAN_S 1,300,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1.64 4.33 251,028.81 1.61 3.46 218,010.72 14,392,560.83 14,325,000.00 Security Type Sub-Total 3.46 Supra-National Agency Bond / Note 0.77 2.19 90.20 49,970.20 99.94 HSBC 50,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.64 0.77 0.77 5.47 225.50 124,925.50 99.94 HSBC 125,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.64 0.77 0.77 6.57 270.60 149,910.60 99.94 HSBC 150,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.64 0.77 Page 15 For the Month Ending November 30, 2019Managed 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 Supra-National Agency Bond / Note 1.24 382.53 403.60 50,366.10 100.73 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 2.05 1.24 1.24 382.53 403.60 50,366.10 100.73 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 2.05 1.24 1.24 2,295.17 2,421.60 302,196.60 100.73 HSBC 300,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 2.05 1.24 3,815.10 1.87 1.03 3,074.46 727,735.10 725,000.00 Security Type Sub-Total 1.03 Municipal Bond / Note 4.41 (5.00)(5.00) 99,995.00 100.00 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 2.10 4.41 (5.00) 2.10 4.41 (5.00) 99,995.00 100,000.00 Security Type Sub-Total 4.41 Federal Agency Collateralized Mortgage Obligation 0.94 187.50 (69.49) 27,144.91 101.73 JPM_CHAS 26,683.64 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 1.48 1.29 0.94 187.50 (69.49) 27,144.91 101.73 JPM_CHAS 26,683.64 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 1.48 1.29 0.94 937.51 (347.44) 135,724.62 101.73 JPM_CHAS 133,418.25 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 1.48 1.29 1.39 606.76 474.93 35,772.98 102.21 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 1.37 2.44 1.39 606.76 474.93 35,772.98 102.21 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 1.37 2.44 1.39 2,773.74 2,171.12 163,533.62 102.21 CITIGRP 160,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 1.37 2.44 1.84 3,002.96 3,002.97 133,224.76 102.31 CSFB 130,222.19 3137FKK39FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 1.84 1.78 Page 16 For the Month Ending November 30, 2019Managed 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 Collateralized Mortgage Obligation 2.32 (212.97)(210.63) 134,786.13 99.84 JPM_CHAS 135,000.00 3137FQ3V3FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 2.10 2.91 5,426.90 1.63 1.53 8,089.76 693,104.91 682,007.72 Security Type Sub-Total 2.09 Corporate Note 0.11 (122.42)(38,328.25) 250,754.25 100.30 GOLDMAN 250,000.00 36962G4J0GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 2.58 0.11 0.55 10.39 22.73 25,007.48 100.03 DEUTSCHE 25,000.00 24422ETS8JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 1.90 0.55 0.99 33.04 (819.70) 50,288.30 100.58 UBS AG 50,000.00 94974BGR5WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 1.98 0.99 1.06 34.93 42.10 25,030.60 100.12 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 2.04 1.10 1.06 34.93 42.10 25,030.60 100.12 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 2.04 1.10 1.06 104.80 126.30 75,091.80 100.12 01/01/21MORGAN_S 75,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 2.04 1.10 1.15 2,562.38 2,650.20 302,503.20 100.83 BNP_PARI 300,000.00 44932HAG8IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 1.93 1.15 1.26 296.22 311.85 25,284.10 101.14 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.00 1.26 1.26 296.22 311.85 25,284.10 101.14 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.00 1.26 1.26 331.94 389.85 25,284.10 101.14 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.00 1.26 1.26 331.94 389.85 25,284.10 101.14 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.00 1.26 1.26 1,481.09 1,559.25 126,420.50 101.14 RBC 125,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.00 1.26 Page 17 For the Month Ending November 30, 2019Managed 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 1.26 2,323.55 2,728.95 176,988.70 101.14 RBC 175,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.00 1.26 1.28 3,773.99 4,622.40 303,089.40 101.03 CITIGRP 300,000.00 904764AZ0UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 1.95 1.28 1.34 781.23 791.90 50,771.90 101.54 JPM_CHAS 50,000.00 89236TEU5TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 1.80 1.34 1.27 97.29 102.08 40,094.08 100.24 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.83 1.30 1.27 97.29 102.08 40,094.08 100.24 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.83 1.30 1.26 57.35 (773.35) 50,375.65 100.75 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.94 1.29 1.26 57.35 (773.35) 50,375.65 100.75 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.94 1.29 1.27 486.46 510.40 200,470.40 100.24 03/15/21MERRILL 200,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.83 1.30 1.26 321.08 (4,724.10) 302,253.90 100.75 03/15/21KEYBAN 300,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.94 1.29 1.35 147.20 32.68 25,226.68 100.91 MERRILL 25,000.00 06051GFW4BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 1.96 1.35 1.32 1,082.95 1,407.60 200,943.60 100.47 04/04/21KEYBAN 200,000.00 0258M0EB1AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 1.91 1.35 1.41 335.06 337.70 20,332.50 101.66 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.93 1.41 1.41 335.06 337.70 20,332.50 101.66 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.93 1.41 1.33 25.18 36.75 25,020.25 100.08 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.99 1.37 Page 18 For the Month Ending November 30, 2019Managed 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 1.33 25.18 36.75 25,020.25 100.08 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.99 1.37 1.41 1,675.29 1,688.50 101,662.50 101.66 MERRILL 100,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.93 1.41 1.33 151.11 220.50 150,121.50 100.08 04/09/21SCOTIA 150,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.99 1.37 1.42 432.85 441.53 25,424.28 101.70 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.91 1.42 1.42 432.85 441.53 25,424.28 101.70 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.91 1.42 1.42 2,164.23 2,207.63 127,121.38 101.70 MERRILL 125,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.91 1.42 1.44 61.31 127.03 25,032.53 100.13 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.86 1.44 1.44 61.31 127.03 25,032.53 100.13 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.86 1.44 1.44 183.92 381.08 75,097.58 100.13 GOLDMAN 75,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.86 1.44 1.44 628.20 628.71 35,627.66 101.79 CSFB 35,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 2.01 1.44 1.44 3,589.69 3,592.60 203,586.60 101.79 CSFB 200,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 2.01 1.44 0.82 77.18 77.18 35,077.18 100.22 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.20 0.83 0.82 77.18 77.18 35,077.18 100.22 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.20 0.83 0.82 441.00 441.00 200,441.00 100.22 10/01/20MERRILL 200,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.20 0.83 2.02 883.43 1,004.70 50,784.20 101.57 MITSU 50,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 1.88 2.02 2.02 4,858.88 5,525.85 279,313.10 101.57 MITSU 275,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 1.88 2.02 Page 19 For the Month Ending November 30, 2019Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Corporate Note 2.35 314.01 314.01 15,314.01 102.09 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.62 2.35 2.35 314.01 314.01 15,314.01 102.09 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.62 2.35 2.35 1,570.05 1,570.05 76,570.05 102.09 MERRILL 75,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.62 2.35 3.14 15,207.08 15,207.08 690,207.08 102.25 JPM_CHAS 675,000.00 46647PBB1JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 2.50 3.14 3.82 18,744.83 18,322.40 421,170.40 105.29 CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 2.16 3.82 4.05 3,696.29 2,091.60 425,007.60 106.25 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 2.37 4.05 4.27 5,674.07 5,819.20 403,835.20 100.96 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 2.18 4.27 4.16 6,118.51 4,758.00 423,390.00 105.85 SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 2.50 4.16 4.51 (2,297.96)(2,224.00) 396,144.00 99.04 JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 1.96 4.51 34,628.72 2.13 2.34 80,401.00 6,774,428.52 6,655,000.00 Security Type Sub-Total 2.35 Certificate of Deposit 0.22 257.80 257.80 100,257.80 100.26 GOLDMAN 100,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.54 0.22 0.22 257.80 257.80 100,257.80 100.26 GOLDMAN 100,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.54 0.22 0.22 1,482.35 1,482.35 576,482.35 100.26 GOLDMAN 575,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.54 0.22 0.26 955.20 955.20 300,955.20 100.32 UBS 300,000.00 90275DHG8UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 1.62 0.26 0.50 229.47 237.87 30,226.47 100.75 GOLDMAN 30,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.60 0.50 0.50 382.45 396.45 50,377.45 100.75 GOLDMAN 50,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.60 0.50 Page 20 For the Month Ending November 30, 2019Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Certificate of Deposit 0.50 2,294.68 2,378.70 302,264.70 100.75 GOLDMAN 300,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.60 0.50 0.67 312.70 312.70 100,312.70 100.31 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.51 0.67 0.67 312.70 312.70 100,312.70 100.31 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.51 0.67 0.67 1,688.58 1,688.58 541,688.58 100.31 JPM_CHAS 540,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.51 0.67 0.68 5,552.96 5,552.96 675,552.96 100.83 BMO 670,000.00 06370REU9BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 1.95 0.68 0.96 372.80 372.80 100,372.80 100.37 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.90 0.96 0.96 372.80 372.80 100,372.80 100.37 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.90 0.96 0.96 2,236.80 2,236.80 602,236.80 100.37 MERRILL 600,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.90 0.96 1.46 1,203.25 1,203.25 51,203.25 102.41 RBC 50,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.63 1.46 1.46 2,406.50 2,406.50 102,406.50 102.41 RBC 100,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.63 1.46 1.46 12,634.13 12,634.13 537,634.13 102.41 RBC 525,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.63 1.46 2.65 785.60 785.60 400,785.60 100.20 BARCLAYS 400,000.00 83050PDR7SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 1.81 2.65 33,844.99 1.70 0.89 33,738.57 4,773,700.59 4,740,000.00 Security Type Sub-Total 0.89 Asset-Backed Security 1.17 4,827.76 4,828.68 304,826.01 101.61 SOCGEN 300,000.00 05586CAD6BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 1.99 1.22 1.33 3,454.76 3,465.22 278,430.19 101.25 RBC 275,000.00 36256GAE9GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 2.37 1.08 Page 21 For the Month Ending November 30, 2019Managed 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 Asset-Backed Security 1.56 6,961.06 6,974.14 381,918.08 101.84 JPM_CHAS 375,000.00 43815AAC6HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 1.99 1.43 1.70 5,009.53 5,012.61 329,998.96 101.54 CITIGRP 325,000.00 92869BAD4VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 2.35 1.36 1.73 3,797.28 3,816.42 303,746.46 101.25 JPM_CHAS 300,000.00 36255JAD6GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 2.30 1.18 1.76 5,119.09 5,131.80 355,084.10 101.45 BARCLAYS 350,000.00 14313FAD1CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 2.31 1.22 1.89 7,251.65 7,252.56 357,249.34 102.07 MERRILL 350,000.00 14315EAC4CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 2.27 1.49 1.97 3,930.69 3,935.90 273,906.01 101.45 RBC 270,000.00 36256XAD4GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 2.24 1.30 2.34 (2,540.38)(2,529.76) 797,268.80 99.66 RBC 800,000.00 14041NFU0COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 1.87 2.64 37,887.57 2.14 1.81 37,811.44 3,382,427.95 3,345,000.00 Security Type Sub-Total 1.61 30,572,007.72 30,843,952.90 366,627.09 381,120.95 2.54 1.80 Managed Account Sub-Total 2.53 Money Market Mutual Fund 0.00 0.00 0.00 5,059,741.07 1.00 5,059,741.07 CAMP Pool 0.00 5,059,741.07 5,059,741.07 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $36,033,930.21 $130,236.24 $35,903,693.97 Accrued Interest Securities Sub-Total $35,631,748.79 $366,627.09 $381,120.95 2.54 1.80% 2.53 Bolded items are forward settling trades. Page 22 For the Month Ending November 30, 2019Managed 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 11/06/19 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 912828XX3 (1,326,304.69)(9,114.13)(1,335,418.82) 1,300,000.00 11/01/19 12/05/19 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 157411TK5 (100,000.00) 0.00 (100,000.00) 100,000.00 11/06/19 11/26/19 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 (134,996.76)(196.13)(135,192.89) 135,000.00 11/20/19 (9,310.26) (1,570,611.71)(1,561,301.45) 1,535,000.00 Transaction Type Sub-Total INTEREST 11/25/19 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.12 90.12 35,000.00 11/01/19 11/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 82.43 82.43 27,276.84 11/01/19 11/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 412.14 412.14 136,384.17 11/01/19 11/25/19 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.13 90.13 35,000.00 11/01/19 11/25/19 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 412.01 412.01 160,000.00 11/01/19 11/25/19 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 0.00 348.14 348.14 130,431.89 11/01/19 11/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 82.43 82.43 27,276.84 11/01/19 11/05/19 AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 0258M0EB1 0.00 2,250.00 2,250.00 200,000.00 11/05/19 11/10/19 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 0.00 256.25 256.25 25,000.00 11/10/19 11/10/19 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 69371RP26 0.00 310.00 310.00 20,000.00 11/10/19 Page 23 For the Month Ending November 30, 2019Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 11/10/19 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 0.00 1,537.50 1,537.50 150,000.00 11/10/19 11/10/19 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 69371RP26 0.00 310.00 310.00 20,000.00 11/10/19 11/10/19 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 69371RP26 0.00 1,550.00 1,550.00 100,000.00 11/10/19 11/10/19 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 0.00 256.25 256.25 25,000.00 11/10/19 11/13/19 PACCAR FINANCIAL CORP NOTES DTD 11/13/2017 2.050% 11/13/2020 69371RN85 0.00 1,537.50 1,537.50 150,000.00 11/13/19 11/13/19 PACCAR FINANCIAL CORP NOTES DTD 11/13/2017 2.050% 11/13/2020 69371RN85 0.00 256.25 256.25 25,000.00 11/13/19 11/13/19 PACCAR FINANCIAL CORP NOTES DTD 11/13/2017 2.050% 11/13/2020 69371RN85 0.00 256.25 256.25 25,000.00 11/13/19 11/15/19 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 427866BA5 0.00 387.50 387.50 25,000.00 11/15/19 11/15/19 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 427866BA5 0.00 387.50 387.50 25,000.00 11/15/19 11/15/19 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 14315EAC4 0.00 980.00 980.00 350,000.00 11/15/19 11/15/19 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 14313FAD1 0.00 912.92 912.92 350,000.00 11/15/19 11/15/19 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 14041NFU0 0.00 1,146.66 1,146.66 800,000.00 11/15/19 11/15/19 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 427866BA5 0.00 1,937.50 1,937.50 125,000.00 11/15/19 11/15/19 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 43815AAC6 0.00 987.50 987.50 375,000.00 11/15/19 11/16/19 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 36255JAD6 0.00 755.00 755.00 300,000.00 11/16/19 11/16/19 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 36256XAD4 0.00 668.25 668.25 270,000.00 11/16/19 Page 24 For the Month Ending November 30, 2019Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 11/17/19 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 06051GHH5 0.00 1,312.12 1,312.12 75,000.00 11/17/19 11/17/19 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 06051GHH5 0.00 262.43 262.43 15,000.00 11/17/19 11/17/19 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 06051GHH5 0.00 262.43 262.43 15,000.00 11/17/19 11/18/19 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 87019U6D6 0.00 7,037.01 7,037.01 600,000.00 11/18/19 11/18/19 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 87019U6D6 0.00 1,172.83 1,172.83 100,000.00 11/18/19 11/18/19 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 87019U6D6 0.00 1,172.83 1,172.83 100,000.00 11/18/19 11/19/19 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 0.00 243.75 243.75 25,000.00 11/19/19 11/19/19 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 0.00 731.25 731.25 75,000.00 11/19/19 11/19/19 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 0.00 243.75 243.75 25,000.00 11/19/19 11/20/19 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 36256GAE9 0.00 756.25 756.25 275,000.00 11/20/19 11/20/19 BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 05586CAD6 0.00 840.00 840.00 300,000.00 11/20/19 11/20/19 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 92869BAD4 0.00 880.21 880.21 325,000.00 11/20/19 11/21/19 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 808513AW5 0.00 3,250.00 3,250.00 200,000.00 11/21/19 11/21/19 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 808513AW5 0.00 568.75 568.75 35,000.00 11/21/19 11/30/19 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 0.00 16,250.00 16,250.00 2,000,000.00 11/30/19 11/30/19 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 0.00 12,390.63 12,390.63 1,525,000.00 11/30/19 11/30/19 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 0.00 24,984.37 24,984.37 3,075,000.00 11/30/19 Page 25 For the Month Ending November 30, 2019Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 11/30/19 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 0.00 8,937.50 8,937.50 1,100,000.00 11/30/19 99,496.34 99,496.34 0.00 13,776,369.74 Transaction Type Sub-Total PAYDOWNS 11/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 593.20 0.00 593.20 (11.80) 0.00 593.20 11/01/19 11/25/19 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 209.70 0.00 209.70 0.00 0.00 209.70 11/01/19 11/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 2,965.92 0.00 2,965.92 (58.99) 0.00 2,965.92 11/01/19 11/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 593.20 0.00 593.20 (11.80) 0.00 593.20 11/01/19 0.00 0.00 (82.59) 4,362.02 4,362.02 4,362.02 Transaction Type Sub-Total SELL 11/06/19 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 1,171,113.28 8,566.41 1,179,679.69 37,689.45 34,383.18 FIFO 1,150,000.00 11/01/19 11/06/19 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 50,917.97 372.45 51,290.42 2,156.25 1,892.52 FIFO 50,000.00 11/01/19 11/26/19 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 76,274.41 645.30 76,919.71 2,355.46 2,125.52 FIFO 75,000.00 11/20/19 11/29/19 PACCAR FINANCIAL CORP NOTES DTD 11/13/2017 2.050% 11/13/2020 69371RN85 25,047.00 22.78 25,069.78 49.25 47.73 FIFO 25,000.00 11/26/19 11/29/19 AMERICAN EXPRESS CREDIT (CALLABLE) NOTE DTD 03/03/2017 2.200% 03/03/2020 0258M0EE5 30,006.60 157.66 30,164.26 37.80 9.39 FIFO 30,000.00 11/26/19 11/29/19 AMERICAN EXPRESS CREDIT (CALLABLE) NOTE DTD 03/03/2017 2.200% 03/03/2020 0258M0EE5 180,039.60 946.00 180,985.60 226.80 56.35 FIFO 180,000.00 11/26/19 11/29/19 PACCAR FINANCIAL CORP NOTES DTD 11/13/2017 2.050% 11/13/2020 69371RN85 150,282.00 136.67 150,418.67 295.50 286.39 FIFO 150,000.00 11/26/19 Page 26 For the Month Ending November 30, 2019Managed 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 11/29/19 CITIGROUP INC (CALLABLE) CORP NOTE DTD 01/10/2017 2.450% 01/10/2020 172967LF6 50,007.00 472.99 50,479.99 27.00 7.78 FIFO 50,000.00 11/26/19 11/29/19 PACCAR FINANCIAL CORP NOTES DTD 11/13/2017 2.050% 11/13/2020 69371RN85 25,047.00 22.77 25,069.77 49.25 47.73 FIFO 25,000.00 11/26/19 11/29/19 WELLS FARGO & CO CORP BONDS DTD 02/02/2015 2.150% 01/30/2020 94974BGF1 75,018.00 533.02 75,551.02 (270.00) 7.43 FIFO 75,000.00 11/26/19 11/29/19 CITIGROUP INC (CALLABLE) CORP NOTE DTD 01/10/2017 2.450% 01/10/2020 172967LF6 300,042.00 2,837.92 302,879.92 162.00 46.69 FIFO 300,000.00 11/26/19 11/29/19 AMERICAN EXPRESS CREDIT (CALLABLE) NOTE DTD 03/03/2017 2.200% 03/03/2020 0258M0EE5 30,006.60 157.67 30,164.27 37.80 9.39 FIFO 30,000.00 11/26/19 11/29/19 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 431,956.06 3,730.30 435,686.36 13,696.29 12,322.81 FIFO 425,000.00 11/26/19 11/29/19 WELLS FARGO & CO CORP BONDS DTD 02/02/2015 2.150% 01/30/2020 94974BGF1 375,090.00 2,665.11 377,755.11 (2,531.25)(3.12)FIFO 375,000.00 11/26/19 11/29/19 CITIGROUP INC (CALLABLE) CORP NOTE DTD 01/10/2017 2.450% 01/10/2020 172967LF6 50,007.00 472.98 50,479.98 27.00 7.78 FIFO 50,000.00 11/26/19 11/29/19 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 101,644.53 877.72 102,522.25 3,230.47 2,907.29 FIFO 100,000.00 11/26/19 11/29/19 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 3,176,147.46 27,428.67 3,203,576.13 96,191.41 86,520.68 FIFO 3,125,000.00 11/26/19 50,046.42 140,675.54 153,430.48 6,348,692.93 6,298,646.51 6,215,000.00 Transaction Type Sub-Total 4,741,707.08 140,232.50 4,881,939.58 153,347.89 140,675.54 Managed Account Sub-Total Total Security Transactions $153,347.89 $4,881,939.58 $140,232.50 $4,741,707.08 $140,675.54 Bolded items are forward settling trades. Page 27 For the Month Ending November 30, 2019Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 142,870.51 Opening Balance 11/05/19 11/05/19 Purchase - Interest 0258M0EB1 1.00 2,250.00 145,120.51 11/06/19 11/06/19 Purchase - Interest 912828N30 1.00 8,938.86 154,059.37 11/06/19 11/06/19 Purchase - Principal 912828N30 1.00 1,222,031.25 1,376,090.62 11/06/19 11/06/19 Redemption - Principal 912828XX3 1.00 (1,326,304.69) 49,785.93 11/06/19 11/06/19 Redemption - Interest 912828XX3 1.00 (9,114.13) 40,671.80 11/12/19 11/12/19 Purchase - Interest 05531FAV5 1.00 1,537.50 42,209.30 11/12/19 11/12/19 Purchase - Interest 05531FAV5 1.00 256.25 42,465.55 11/12/19 11/12/19 Purchase - Interest 05531FAV5 1.00 256.25 42,721.80 11/12/19 11/12/19 Purchase - Interest 69371RP26 1.00 1,550.00 44,271.80 11/12/19 11/12/19 Purchase - Interest 69371RP26 1.00 310.00 44,581.80 11/12/19 11/12/19 Purchase - Interest 69371RP26 1.00 310.00 44,891.80 11/13/19 11/13/19 Purchase - Interest 69371RN85 1.00 1,537.50 46,429.30 11/13/19 11/13/19 Purchase - Interest 69371RN85 1.00 256.25 46,685.55 11/13/19 11/13/19 Purchase - Interest 69371RN85 1.00 256.25 46,941.80 11/15/19 11/15/19 Purchase - Interest 427866BA5 1.00 1,937.50 48,879.30 11/15/19 11/15/19 Purchase - Interest 427866BA5 1.00 387.50 49,266.80 11/15/19 11/15/19 Purchase - Interest 427866BA5 1.00 387.50 49,654.30 11/15/19 11/15/19 Purchase - Interest 14041NFU0 1.00 1,146.66 50,800.96 11/15/19 11/15/19 Purchase - Interest 14313FAD1 1.00 912.92 51,713.88 11/15/19 11/15/19 Purchase - Interest 14315EAC4 1.00 980.00 52,693.88 11/15/19 11/15/19 Purchase - Interest 43815AAC6 1.00 987.50 53,681.38 Page 28 For the Month Ending November 30, 2019Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 11/18/19 11/18/19 Purchase - Interest 06051GHH5 1.00 262.43 53,943.81 11/18/19 11/18/19 Purchase - Interest 06051GHH5 1.00 262.43 54,206.24 11/18/19 11/18/19 Purchase - Interest 06051GHH5 1.00 1,312.12 55,518.36 11/18/19 11/18/19 Purchase - Interest 36255JAD6 1.00 755.00 56,273.36 11/18/19 11/18/19 Purchase - Interest 36256XAD4 1.00 668.25 56,941.61 11/18/19 11/18/19 Purchase - Interest 87019U6D6 1.00 7,037.01 63,978.62 11/18/19 11/18/19 Purchase - Interest 87019U6D6 1.00 1,172.83 65,151.45 11/18/19 11/18/19 Purchase - Interest 87019U6D6 1.00 1,172.83 66,324.28 11/19/19 11/19/19 Purchase - Interest 857477AV5 1.00 243.75 66,568.03 11/19/19 11/19/19 Purchase - Interest 857477AV5 1.00 731.25 67,299.28 11/19/19 11/19/19 Purchase - Interest 857477AV5 1.00 243.75 67,543.03 11/20/19 11/20/19 Purchase - Interest 92869BAD4 1.00 880.21 68,423.24 11/20/19 11/20/19 Purchase - Interest 36256GAE9 1.00 756.25 69,179.49 11/20/19 11/20/19 Purchase - Interest 05586CAD6 1.00 840.00 70,019.49 11/21/19 11/21/19 Purchase - Interest 808513AW5 1.00 568.75 70,588.24 11/21/19 11/21/19 Purchase - Interest 808513AW5 1.00 3,250.00 73,838.24 11/22/19 11/22/19 IP Fees October 2019 1.00 (2,906.93) 70,931.31 11/22/19 11/22/19 U.S. Bank Fees September 2019 1.00 (204.78) 70,726.53 11/25/19 11/25/19 Purchase - Interest 3137FKK39 1.00 348.14 71,074.67 11/25/19 11/25/19 Purchase - Interest 3137BM6P6 1.00 90.12 71,164.79 11/25/19 11/25/19 Purchase - Interest 3137BM6P6 1.00 90.13 71,254.92 11/25/19 11/25/19 Purchase - Interest 3137BM6P6 1.00 412.01 71,666.93 Page 29 For the Month Ending November 30, 2019Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 11/25/19 11/25/19 Purchase - Interest 3136B1XP4 1.00 82.43 71,749.36 11/25/19 11/25/19 Purchase - Interest 3136B1XP4 1.00 82.43 71,831.79 11/25/19 11/25/19 Purchase - Interest 3136B1XP4 1.00 412.14 72,243.93 11/25/19 11/25/19 Purchase - Principal 3136B1XP4 1.00 2,965.92 75,209.85 11/25/19 11/25/19 Purchase - Principal 3136B1XP4 1.00 593.20 75,803.05 11/25/19 11/25/19 Purchase - Principal 3136B1XP4 1.00 593.20 76,396.25 11/25/19 11/25/19 Purchase - Principal 3137FKK39 1.00 209.70 76,605.95 11/26/19 11/26/19 Purchase - Interest 912828N30 1.00 645.30 77,251.25 11/26/19 11/26/19 Purchase - Principal 912828N30 1.00 76,274.41 153,525.66 11/26/19 11/26/19 Redemption - Principal 3137FQ3V3 1.00 (134,996.76) 18,528.90 11/26/19 11/26/19 Redemption - Interest 3137FQ3V3 1.00 (196.13) 18,332.77 11/29/19 11/29/19 Purchase - Interest 0258M0EE5 1.00 1,261.33 19,594.10 11/29/19 11/29/19 Purchase - Principal 0258M0EE5 1.00 240,052.80 259,646.90 11/29/19 11/29/19 Purchase - Interest 172967LF6 1.00 3,783.89 263,430.79 11/29/19 11/29/19 Purchase - Principal 172967LF6 1.00 400,056.00 663,486.79 11/29/19 11/29/19 Purchase - Interest 69371RN85 1.00 182.22 663,669.01 11/29/19 11/29/19 Purchase - Principal 69371RN85 1.00 200,376.00 864,045.01 11/29/19 11/29/19 Purchase - Interest 912828N30 1.00 877.72 864,922.73 11/29/19 11/29/19 Purchase - Interest 912828N30 1.00 31,158.97 896,081.70 11/29/19 11/29/19 Purchase - Principal 912828N30 1.00 101,644.53 997,726.23 11/29/19 11/29/19 Purchase - Principal 912828N30 1.00 3,608,103.52 4,605,829.75 11/29/19 11/29/19 Purchase - Interest 94974BGF1 1.00 3,198.13 4,609,027.88 Page 30 For the Month Ending November 30, 2019Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 11/29/19 11/29/19 Purchase - Principal 94974BGF1 1.00 450,108.00 5,059,135.88 11/29/19 12/02/19 Accrual Income Div Reinvestment - Distributions 1.00 605.19 5,059,741.07 5,059,741.07 5,059,741.07 5,059,741.07 400,048.13 3,159.56 0.00 (28,737,578.33) 33,746,516.67 50,802.73 605.19 5,059,741.07 0.00 (1,473,723.42) 6,390,593.98 142,870.51 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 November January-November 1.88% Page 31 CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 9,466,064$ 24,293$ (744,205)$ 8,746,152$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 9,466,064 24,293 (744,205) 8,747,452 INVESTMENTS Local Agency Investment Fund 1,403,655 - - 1,403,655 CAMP Investments: CAMP Pool Account 109,034 - - 109,034 U.S. Treasury Bond / Note 14,141,532 - - 14,141,532 Supra-National Agency Bond / Note 723,920 - - 723,920 Municipal Bond / Note 100,000 - - 100,000 Federal Agency Collateralized Mortgage Obligation 672,007 - - 672,007 Corporate Notes 6,739,800 - - 6,739,800 Negotiable Certificate of Deposit 4,739,856 - - 4,739,856 Asset-Backed Security / Collaterized Mortgage 3,344,540 - - 3,344,540 Sub-total Investments 31,974,343 - - 31,974,343 Market Value Adjustment: Unrealized Gain/(Loss) at 12/31/2019 353,339 - - 353,339 Total Investments 32,327,682 - - 32,327,682 Total Pooled Cash and Investments 41,793,747$ 24,293$ (744,205)$ 41,075,134$ TOTAL POOLED CASH AND INVESTMENTS 41,075,134$ 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 11, 2019. 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 February 11, 2020 Assistant City Manager 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 DECEMBER 31, 2019 FUND NO FUND NAME AMOUNT 100 General 3,347,184$ 106 Affordable Housing In Lieu 1,532,274 107 Developer Agreement Revenue 9,245 109 Road Maintenance and Rehabilitation (SB1)521,893 110 State Gas Tax 247,934 112 Measure A 1,657,461 114 SB1186 CASP Education Program 20,666 118 Lake Side Facility DIF 20,225 119 Animal Shelter DIF 10,367 121 T.R.I.P.-2014A 146 135 Lighting & Landscape Maintenance - Dist. No. 1 637,625 140 Geothermal 19,517 155 CSA152 -- N.P.D.E.S.24,148 160 PEG Grant 25,120 202 La Strada RBBD 93,422 203 E.L.S.P. - S.T.I.F.2,627,390 205 Traffic Impact Fee 3,093,298 211 Storm Drain C.I.P. 557,876 220 Street Lighting C.I.P.216 221 Quimby Park C.I.P.310,666 231 Library C.I.P. 1,238,513 232 City Fire Protection 119,041 300 Insurance Service 1,316,789 305 Information Systems Service 592,350 310 Support Service 24,159 320 Facilities Service 753,225 331 CFD 2006-1CC Summerly Improvement Area CC 12,712 332 CFD 2006-1 Improvement Area B, Summerly 42,705 334 CFD 2015-5 Trieste - Far West Industries 1,172 335 CFD 2003-2E Canyon Hills Improvement Area E 4,250 336 CFD 2006-1FF Summerly Improvement Area FF 3,300 338 CFD 2006-1 IA-JJ Summerly Improvement Area 17,214 340 CFD 2006-1 IA-EE Summerly Improvement Area 12,452 346 CFD 2014-1 Southshore 67,391 347 CFD 2006-1 Improvement Area A, Summerly 13,699 350 CFD 98-1 Summerhill 13,676 351 CFD 2006-1 IA-II Summerly Improvement 7,808 357 CFD 2003-2 Canyon Hills Improvement Area 24,017 366 CFD 2005-6 City Center Townhomes 12,363 368 CFD 2006-2 Viscaya 11,415 369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 33,776 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 DECEMBER 31, 2019 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 DECEMBER 31, 2019 371 CFD 2005-1 Serenity 20,081 372 CFD 2005-2 Alberhill Ranch Improvement Area 52,741 374 CFD 2005-4 Lakeview Villas 7,151 375 CFD 2006-4 Clurman 11,705 376 CFD 2006-3 La Strada 3,866 377 CFD 2006-6 Tessara 7,003 378 CFD 2006-8 Running Deer Estates 8,167 384 CFD 2003-2 Area B Canyon Hills Improvement Area 7,321 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 29,388 386 CFD 2007-4 Mekenna Court 15,484 387 CFD 2007-5 Red Kite 2,013 388 CFD 2007-6 Holiday Inn Express 1,002 389 CFD 88-3 (2008A) West Lake Elsinore Series A 59,447 390 CFD 2003-2 Area C Canyon Hills Improvement Area 5,248 392 CFD 95-1 City Center 14,322 393 AD 93-1 Cottonwood Hills 59,096 394 CFD 2005-5 (2012A) Wasson Canyon 7,283 396 CFD 2018-2 Nichols Ranch Improvement Area 31,732 500 Capital Improvement Plan 8,004,776 510 Successor To RDA Area I, II, & III 2,539,235 540 Successor To RDA Diamond Stadium 1,890,334 603 Endowment Trust - Carl Graves 55,477 604 Endowment Trust - Korn Memorial 33,314 605 Public Improvement Trust 495,137 606 Mobile Source Air Polution Reduction 355,111 608 Trust Deposit & Pre Paid Expense 2,631,283 617 Successor Agency Housing 3,725,201 620 Cost Recovery System 1,525,634 631 Lake Destratification Equipment Replacement 397,881 Total Pooled Cash & Investments 41,075,134$ DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00%Unlimited U.S. Treasury Bond / Note 44.23%Unlimited Current Balance 14,141,532$ Supra-National Agency Bond / Note 2.26%30% Current Balance 723,920$ Municipal Bond / Note 0.31%Unlimited Current Balance 100,000$ Federal Agency Collaterized Mortgage Obligation 2.10%40.00% Current Balance 672,007$ Federal Agency Bond / Note 0.00%*Unlimited Current Balance -$ Negotiable Certificates of Deposit 14.82%30.00% Current Balance 4,739,856$ Corporate Note 21.08%30.00% Current Balance 6,739,800$ Asset-Backed Security / Collaterized Mortgage 10%20% Current Balance 3,344,540$ Repurchase Agreements 0.00%Unlimited Reverse Repurchase Agreements 0.00%10.00% LAIF (Local Agency Investment Fund)4.39%*$65 Million Current Balance 1,403,655$ CAMP - Pooled Sweep Account 0.34%Unlimited Current Balance 109,034$ TOTAL 100.00%31,974,343$ Note: *No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. *Investment in LAIF may not exceed $65 million in each agency. FOR THE MONTH ENDING DECEMBER 31, 2019 SUMMARY OF POLICY LIMITATIONS C I T Y O F L A K E E L S I N O R E Local Agency Investment Fund Yield Purchase Date Maturity Rate 2.043%Daily 24-Hour Investment Beginning Balance Net Increase/(Decrease)Ending Balance Total Investments Held with Local Agency Investment Fund:1,403,655$ -$ 1,403,655$ 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 DECEMBER 31, 2019 01/06/20 2.00 2.00 226 01/07/20 1.99 2.00 224 01/08/20 1.99 2.00 224 01/09/20 1.99 2.00 224 01/10/20 1.98 2.00 223 01/11/20 1.98 2.00 223 01/12/20 1.98 2.00 223 01/13/20 1.98 1.99 220 01/14/20 1.97 1.99 221 01/15/20 1.96 1.99 228 01/16/20 1.95 1.99 226 01/17/20 1.95 1.99 224 01/18/20 1.95 1.98 224 01/19/20 1.95 1.98 224 01/20/20 1.95 1.98 224 01/21/20 1.95 1.98 219 01/22/20 1.95 1.98 218 01/23/20 1.94 1.98 216 01/24/20 1.94 1.98 218 01/25/20 1.94 1.97 218 01/26/20 1.94 1.97 218 01/27/20 1.94 1.97 216 01/28/20 1.94 1.97 215 Jan 2020 1.967 01/29/20 1.94 1.97 216 Dec 2019 2.043 01/30/20 1.93 1.97 215 Nov 2019 2.103 01/31/20 1.93 1.97 215 02/01/20 1.93 1.97 215 02/02/20 1.93 1.96 215 02/03/20 1.92 1.96 213 02/04/20 1.92 1.96 211 02/05/20 1.92 1.96 212Apportionment Rate(2):2.29 Quarter Ended 12/31/19 PMIA Daily Rates(1) Date Daily Yield* Quarter to Date Yield Average Maturity (in days) Average Life(1): View Prior Month Daily Rates *Daily yield does not reflect capital gains or losses 226 2.11%Quarter to Date(1): LAIF Quarterly Performance 0.0000625008577897 1.001770298 Earnings Ratio(2): Fair Value Factor(1): Daily(1):2.02% Treasuries 53.88% Agencies 14.32% Certificates of Deposit/Bank Notes 18.16% Time Deposits 5.33% Commercial Paper 7.61% Loans 0.68% Pooled Money Investment Account Portfolio Composition (1) 12/31/19 $88.9 billion Percentages may not total 100% due to rounding Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). Source: (1)State of California, Office of the Treasurer (2) State of Calfiornia, Office of the Controller PMIA Average Monthly Effective Yields(1) PMIA/LAIF Performance Report as of 02/05/2020 CAMP Investment Portfolio For the Month Ending December 31, 2019Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 5,059,741.07 152,233.51 (5,102,940.88) 0.00 $109,033.70 CAMP Pool Unsettled Trades 0.00 585.15 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 30,843,952.90 0.00 (15,546.96) (15,896.78) $30,812,509.16 CAMP Managed Account Unsettled Trades 0.00 73,415.09 Cash Dividends and Income December 31, 2019 November 30, 2019 Asset Summary CAMP Pool 109,033.70 5,059,741.07 CAMP Managed Account 30,812,509.16 30,843,952.90 $30,921,542.86 $35,903,693.97 Total Asset Allocation 0.35% CAMP Pool 99.65% CAMP Managed Account Page 1 For the Month Ending December 31, 2019Managed 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 $5,059,741.07 152,233.51 (5,102,940.88) $109,033.70 585.15 $30,843,952.90 (15,546.96) 0.00 0.00 0.00 (15,896.78) $30,812,509.16 $35,903,693.97 $30,921,542.86 73,538.90 0.00 (123.81) $73,415.09 0.00 0.00 73,538.90 15,546.96 (100,000.00) 10,914.14 0.00 Managed Account Total 30,449,436.36 30,558,470.06 115,785.62 0.00 15,546.96 73,538.90 0.00 (30,462,831.95) (130,244.51) 0.00 115,785.62 5,102,940.88 15,546.96 73,538.90 (152,233.51) (35,522,573.02) (130,244.51) 585.15 Total Accrual Basis Earnings $61,231.38 $61,816.53 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending December 31, 2019Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 14,325,000.00 14,381,402.58 46.52 Supra-National Agency Bond / Note 725,000.00 728,350.65 2.36 Municipal Bond / Note 100,000.00 99,828.00 0.32 Federal Agency Collateralized Mortgage Obligation 666,460.76 675,250.51 2.18 Corporate Note 6,655,000.00 6,778,249.07 21.92 Certificate of Deposit 4,740,000.00 4,768,315.69 15.42 Asset-Backed Security 3,345,000.00 3,381,112.66 10.93 Managed Account Sub-Total 30,556,460.76 30,812,509.16 99.65% Accrued Interest 115,785.62 Total Portfolio 30,556,460.76 30,928,294.78 CAMP Pool 109,033.70 109,033.70 0.35 Total Investments 30,665,494.46 31,037,328.48 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 10.93% ABS 15.42% Cert of Deposit 21.92% Corporate Note 2.18% Fed Agency CMO 0.35% Mny Mkt Fund 0.32% Muni Bond / Note 2.36% Supra-National Agency Bond / Note 46.52% 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 5.95%8.39% 14.73% 5.36% 51.27% 14.30% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.47 1021 2.40% 1.81% Page 3 For the Month Ending December 31, 2019Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Credit Quality (S&P Ratings) 9.09% A 3.65% A+ 6.77% A- 4.39% A-1 7.50% A-1+ 48.69% AA+ 2.72% AA- 12.40% AAA 0.35% AAAm 3.55% BBB+ 0.89% NR Issuer Summary Percentof HoldingsIssuer Market Value 200,963.80 0.65 AMERICAN EXPRESS CO 404,476.80 1.31 AMERICAN HONDA FINANCE 403,107.86 1.30 BANK OF AMERICA CO 674,556.00 2.18 BANK OF MONTREAL 382,332.82 1.24 BANK OF NOVA SCOTIA 325,776.30 1.05 BB&T CORPORATION 304,370.58 0.98 BMW FINANCIAL SERVICES NA LLC 109,033.70 0.35 CAMP Pool 797,544.48 2.58 CAPITAL ONE FINANCIAL CORP 712,020.83 2.30 CARMAX AUTO OWNER TRUST 99,828.00 0.32 CHAFFEY CA JT UNION HS DIST 239,584.38 0.77 CHARLES SCHWAB 355,454.63 1.15 DEERE & COMPANY 182,358.36 0.59 FANNIE MAE 492,892.15 1.59 FREDDIE MAC 250,090.25 0.81 GENERAL ELECTRIC CO 278,562.49 0.90 GM FINANCIAL AUTO LEASING TRUST 577,390.40 1.87 GM FINANCIAL SECURITIZED TERM 423,078.80 1.37 GOLDMAN SACHS GROUP INC 177,962.59 0.58 HERSHEY COMPANY 381,160.31 1.23 HONDA AUTO RECEIVABLES 302,745.60 0.98 IBM CORP 403,282.40 1.30 INTERNATIONAL FINANCE CORPORATION 325,068.25 1.05 INTL BANK OF RECONSTRUCTION AND DEV 691,096.73 2.24 JP MORGAN CHASE & CO 425,231.20 1.38 MORGAN STANLEY 404,502.03 1.31 NATIONAL RURAL UTILITIES CO FINANCE CORP 776,179.55 2.51 NORDEA BANK AB 142,451.82 0.46 PACCAR FINANCIAL CORP 280,798.84 0.91 PEPSICO INC 421,280.00 1.36 PNC FINANCIAL SERVICES GROUP 689,961.38 2.23 ROYAL BANK OF CANADA Page 4 For the Month Ending December 31, 2019Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Percentof HoldingsIssuer Market Value 400,756.40 1.30 SKANDINAVISKA ENSKILDA BANKEN AB 125,259.14 0.41 STATE STREET CORPORATION 802,184.80 2.60 SWEDBANK AB 402,766.00 1.30 THE BANK OF NEW YORK MELLON CORPORATION 396,964.80 1.28 THE WALT DISNEY CORPORATION 50,754.10 0.16 TOYOTA MOTOR CORP 300,608.70 0.97 UBS AG 303,598.80 0.98 UNILEVER PLC 14,381,402.58 46.52 UNITED STATES TREASURY 330,063.57 1.07 VOLKSWAGEN OF AMERICA 50,304.60 0.16 WELLS FARGO & COMPANY 741,736.04 2.40 WESTPAC BANKING CORP $30,921,542.86 Total 100.00% Page 5 For the Month Ending December 31, 2019Managed 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 12/31/2013 2.375% 12/31/2020 10,070.70 10,108.03 0.65 10,502.34 03/31/1603/30/16AaaAA+ 10,000.00 912828A83 1.28 US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 15,014.07 15,059.96 0.72 15,268.94 05/31/1605/27/16AaaAA+ 15,000.00 912828N48 1.35 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 2,690,370.10 2,617,468.20 154.70 2,607,972.65 01/31/1901/30/19AaaAA+ 2,650,000.00 912828N30 2.55 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1,100,042.90 1,075,199.57 1,562.84 1,070,050.78 04/05/1904/01/19AaaAA+ 1,100,000.00 912828R69 2.32 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1,525,059.48 1,494,069.98 2,166.67 1,488,304.69 05/03/1905/01/19AaaAA+ 1,525,000.00 912828R69 2.25 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 2,000,078.00 1,940,962.66 2,841.53 1,927,421.87 03/06/1903/04/19AaaAA+ 2,000,000.00 912828R69 2.53 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 3,075,119.93 3,054,202.48 4,368.85 3,050,856.45 06/07/1906/03/19AaaAA+ 3,075,000.00 912828R69 1.83 US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 999,102.00 1,005,411.22 2,767.86 1,005,742.19 10/04/1910/02/19AaaAA+ 1,000,000.00 912828T91 1.48 US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1,648,518.30 1,640,328.48 4,566.96 1,639,107.42 07/03/1907/01/19AaaAA+ 1,650,000.00 912828T91 1.78 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1,318,027.10 1,325,483.20 71.43 1,326,304.69 11/06/1911/01/19AaaAA+ 1,300,000.00 912828XX3 1.55 18,502.21 14,381,402.58 14,178,293.78 2.09 14,141,532.02 14,325,000.00 Security Type Sub-Total Supra-National Agency Bond / Note INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 50,010.50 49,971.41 236.32 49,880.00 09/19/1709/12/17AaaAAA 50,000.00 45905UP32 1.64 INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 125,026.25 124,928.52 590.80 124,700.00 09/19/1709/12/17AaaAAA 125,000.00 45905UP32 1.64 Page 6 For the Month Ending December 31, 2019Managed 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 Supra-National Agency Bond / Note INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 150,031.50 149,914.22 708.95 149,640.00 09/19/1709/12/17AaaAAA 150,000.00 45905UP32 1.64 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,410.30 49,984.63 409.89 49,962.50 03/16/1803/09/18AaaAAA 50,000.00 45950VLQ7 2.66 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,410.30 49,984.63 409.89 49,962.50 03/16/1803/09/18AaaAAA 50,000.00 45950VLQ7 2.66 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 302,461.80 299,907.79 2,459.33 299,775.00 03/16/1803/09/18AaaAAA 300,000.00 45950VLQ7 2.66 4,815.18 728,350.65 724,691.20 2.21 723,920.00 725,000.00 Security Type Sub-Total Municipal Bond / Note CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 99,828.00 100,000.00 151.74 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10 151.74 99,828.00 100,000.00 2.10 100,000.00 100,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 26,051.19 26,045.01 76.52 26,307.19 04/30/1804/11/18AaaAA+ 25,794.12 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 26,051.19 26,045.01 76.52 26,307.19 04/30/1804/11/18AaaAA+ 25,794.12 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 130,255.98 130,225.09 382.61 131,535.99 04/30/1804/11/18AaaAA+ 128,970.65 3136B1XP4 2.27 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 35,737.68 35,159.41 90.13 35,298.05 04/09/1804/04/18AaaAA+ 35,000.00 3137BM6P6 2.61 Page 7 For the Month Ending December 31, 2019Managed 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 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 35,737.68 35,159.41 90.13 35,298.05 04/09/1804/04/18AaaAA+ 35,000.00 3137BM6P6 2.61 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 163,372.26 160,728.73 412.00 161,362.50 04/09/1804/04/18AaaAA+ 160,000.00 3137BM6P6 2.61 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 123,836.44 121,113.70 323.27 121,113.69 12/17/1812/07/18AaaAA+ 121,114.06 3137FKK39 3.11 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 134,208.09 134,784.58 234.98 134,784.58 11/26/1911/20/19AaaAA+ 134,787.81 3137FQ3V3 2.03 1,686.16 675,250.51 669,260.94 2.50 672,007.24 666,460.76 Security Type Sub-Total Corporate Note GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 250,090.25 250,165.86 6,607.64 289,082.50 03/25/1503/20/15Baa1BBB+ 250,000.00 36962G4J0 2.05 JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 25,004.70 24,997.53 12.19 24,984.75 06/22/1706/19/17A2A 25,000.00 24422ETS8 1.97 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 50,304.60 50,234.48 85.00 51,108.00 05/10/1605/06/16A2A- 50,000.00 94974BGR5 2.04 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 25,070.98 24,995.97 223.96 24,988.50 10/26/1710/23/17A3A- 25,000.00 05531FAZ6 2.17 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 25,070.98 24,995.97 223.96 24,988.50 10/26/1710/23/17A3A- 25,000.00 05531FAZ6 2.17 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 75,212.93 74,987.92 671.88 74,965.50 10/26/1710/23/17A3A- 75,000.00 05531FAZ6 2.17 IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 302,745.60 299,944.94 3,224.17 299,853.00 02/06/1802/01/18A2A 300,000.00 44932HAG8 2.67 Page 8 For the Month Ending December 31, 2019Managed 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 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,281.38 24,988.65 213.47 24,972.25 02/26/1802/21/18A2A 25,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,281.38 24,988.65 213.47 24,972.25 02/26/1802/21/18A2A 25,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,281.38 24,955.20 213.47 24,894.25 04/19/1804/12/18A2A 25,000.00 63743HER9 3.05 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,281.38 24,955.20 213.47 24,894.25 04/19/1804/12/18A2A 25,000.00 63743HER9 3.05 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 126,406.88 124,943.26 1,067.36 124,861.25 02/26/1802/21/18A2A 125,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 176,969.63 174,686.42 1,494.31 174,259.75 04/19/1804/12/18A2A 175,000.00 63743HER9 3.05 UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 303,598.80 299,358.29 2,268.75 298,467.00 03/22/1803/19/18A1A+ 300,000.00 904764AZ0 2.93 TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 50,754.10 49,991.23 319.58 49,980.00 04/13/1804/10/18Aa3AA- 50,000.00 89236TEU5 2.96 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 40,114.12 39,996.98 168.89 39,992.00 10/10/1710/05/17A1A+ 40,000.00 713448DX3 2.01 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 40,114.12 39,996.98 168.89 39,992.00 10/10/1710/05/17A1A+ 40,000.00 713448DX3 2.01 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 50,345.75 50,297.95 263.89 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 50,345.75 50,297.95 263.89 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 200,570.60 199,984.91 844.44 199,960.00 10/10/1710/05/17A1A+ 200,000.00 713448DX3 2.01 Page 9 For the Month Ending December 31, 2019Managed 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 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 302,074.50 301,809.26 1,583.33 306,978.00 05/19/1605/16/16A1A 300,000.00 06406FAA1 2.00 BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 25,229.05 25,074.76 131.25 25,194.00 11/03/1711/01/17A2A- 25,000.00 06051GFW4 2.39 AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 200,963.80 199,868.69 700.00 199,536.00 05/31/1605/25/16A2A- 200,000.00 0258M0EB1 2.30 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 20,350.26 19,997.59 87.83 19,994.80 05/10/1805/07/18A1A+ 20,000.00 69371RP26 3.11 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 20,350.26 19,997.59 87.83 19,994.80 05/10/1805/07/18A1A+ 20,000.00 69371RP26 3.11 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 25,052.68 24,995.35 72.60 24,983.50 05/16/1605/10/16A3A- 25,000.00 05531FAV5 2.06 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 25,052.68 24,995.35 72.60 24,983.50 05/16/1605/10/16A3A- 25,000.00 05531FAV5 2.06 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 101,751.30 99,987.94 439.17 99,974.00 05/10/1805/07/18A1A+ 100,000.00 69371RP26 3.11 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 150,316.05 149,972.09 435.63 149,901.00 05/16/1605/10/16A3A- 150,000.00 05531FAV5 2.06 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,423.23 24,991.91 99.03 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.12 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,423.23 24,991.91 99.03 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.12 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 127,116.13 124,959.56 495.14 124,913.75 05/10/1805/03/18A1A 125,000.00 427866BA5 3.12 Page 10 For the Month Ending December 31, 2019Managed 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 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,051.83 24,972.84 56.88 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,051.83 24,972.84 56.88 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 75,155.48 74,918.52 170.63 74,716.50 05/24/1605/19/16A1A 75,000.00 857477AV5 2.03 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 35,682.78 34,999.49 126.39 34,998.95 05/22/1805/17/18A2A 35,000.00 808513AW5 3.25 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 203,901.60 199,997.08 722.22 199,994.00 05/22/1805/17/18A2A 200,000.00 808513AW5 3.25 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 35,099.72 35,000.00 203.70 35,000.00 09/18/1709/13/17A2A- 35,000.00 06051GGS2 2.33 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 35,099.72 35,000.00 203.70 35,000.00 09/18/1709/13/17A2A- 35,000.00 06051GGS2 2.33 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 200,569.80 200,000.00 1,164.00 200,000.00 09/18/1709/13/17A2A- 200,000.00 06051GGS2 2.33 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 50,838.45 49,904.58 644.10 49,779.50 03/15/1703/10/17A2A 50,000.00 24422ETL3 2.75 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 279,611.48 274,475.21 3,542.53 273,787.25 03/15/1703/10/17A2A 275,000.00 24422ETL3 2.75 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 15,301.37 15,000.00 64.15 15,000.00 05/17/1805/14/18A2A- 15,000.00 06051GHH5 3.50 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 15,301.37 15,000.00 64.15 15,000.00 05/17/1805/14/18A2A- 15,000.00 06051GHH5 3.50 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 76,506.83 75,000.00 320.74 75,000.00 05/17/1805/14/18A2A- 75,000.00 06051GHH5 3.50 JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 691,096.73 675,000.00 5,411.81 675,000.00 03/22/1903/15/19A2A- 675,000.00 46647PBB1 3.21 Page 11 For the Month Ending December 31, 2019Managed 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 PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 421,280.00 402,380.22 6,144.44 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 425,231.20 420,929.50 2,669.44 422,916.00 07/23/1907/19/19A3BBB+ 400,000.00 61746BDQ6 2.59 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 404,476.80 398,193.13 106.67 398,016.00 07/15/1907/11/19A2A 400,000.00 02665WCZ2 2.51 GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 423,078.80 416,979.96 7,400.56 418,632.00 07/11/1907/08/19A3BBB+ 400,000.00 38141EC23 2.84 WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 396,964.80 398,468.06 2,236.11 398,368.00 09/06/1909/03/19A2A 400,000.00 254687FK7 1.84 54,375.22 6,778,249.07 6,692,597.77 2.64 6,739,799.80 6,655,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 100,152.20 100,000.00 989.78 100,000.00 02/22/1802/20/18P-1A-1+ 100,000.00 65590ASN7 2.72 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 100,152.20 100,000.00 989.78 100,000.00 02/22/1802/20/18P-1A-1+ 100,000.00 65590ASN7 2.72 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 575,875.15 575,000.00 5,691.22 575,000.00 02/22/1802/20/18P-1A-1+ 575,000.00 65590ASN7 2.72 UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 300,608.70 300,000.00 2,900.00 300,000.00 03/06/1803/02/18P-1A-1 300,000.00 90275DHG8 2.93 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 30,184.17 29,997.49 66.73 29,988.60 06/07/1806/05/18P-1A-1 30,000.00 06417GU22 3.10 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 50,306.95 49,995.82 111.22 49,981.00 06/07/1806/05/18P-1A-1 50,000.00 06417GU22 3.10 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 301,841.70 299,974.90 667.33 299,886.00 06/07/1806/05/18P-1A-1 300,000.00 06417GU22 3.10 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 100,234.60 100,000.00 820.00 100,000.00 08/07/1708/03/17P-1A-1+ 100,000.00 96121T4A3 2.05 Page 12 For the Month Ending December 31, 2019Managed 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 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 100,234.60 100,000.00 820.00 100,000.00 08/07/1708/03/17P-1A-1+ 100,000.00 96121T4A3 2.05 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 541,266.84 540,000.00 4,428.00 540,000.00 08/07/1708/03/17P-1A-1+ 540,000.00 96121T4A3 2.05 BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 674,556.00 670,000.00 8,846.05 670,000.00 08/03/1808/01/18P-1A-1 670,000.00 06370REU9 3.23 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 100,273.10 100,000.00 277.44 100,000.00 11/17/1711/16/17P-1A-1+ 100,000.00 87019U6D6 2.30 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 100,273.10 100,000.00 277.44 100,000.00 11/17/1711/16/17P-1A-1+ 100,000.00 87019U6D6 2.30 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 601,638.60 600,000.00 1,664.67 600,000.00 11/17/1711/16/17P-1A-1+ 600,000.00 87019U6D6 2.30 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 51,108.25 50,000.00 108.00 50,000.00 06/08/1806/07/18Aa2AA- 50,000.00 78012UEE1 3.24 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 102,216.50 100,000.00 216.00 100,000.00 06/08/1806/07/18Aa2AA- 100,000.00 78012UEE1 3.24 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 536,636.63 525,000.00 1,134.00 525,000.00 06/08/1806/07/18Aa2AA- 525,000.00 78012UEE1 3.24 SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 400,756.40 400,000.00 2,480.00 400,000.00 09/03/1908/29/19Aa2A+ 400,000.00 83050PDR7 1.88 32,487.66 4,768,315.69 4,739,968.21 2.67 4,739,855.60 4,740,000.00 Security Type Sub-Total Asset-Backed Security BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 304,370.58 299,998.31 308.00 299,997.33 10/17/1810/10/18AaaAAA 300,000.00 05586CAD6 3.36 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 278,562.49 274,976.17 277.29 274,964.97 09/26/1809/18/18AaaAAA 275,000.00 36256GAE9 3.31 Page 13 For the Month Ending December 31, 2019Managed 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 Asset-Backed Security HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 381,160.31 374,958.12 526.67 374,943.94 11/28/1811/20/18AaaAAA 375,000.00 43815AAC6 3.17 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 330,063.57 324,989.68 322.74 324,986.35 11/21/1811/15/18AaaAAA 325,000.00 92869BAD4 3.25 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 303,681.03 299,950.36 377.50 299,930.04 07/18/1807/11/18NRAAA 300,000.00 36255JAD6 3.03 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 354,983.48 349,965.80 486.89 349,952.30 07/25/1807/18/18NRAAA 350,000.00 14313FAD1 3.36 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 357,037.35 349,997.74 522.67 349,996.78 10/24/1810/17/18NRAAA 350,000.00 14315EAC4 3.36 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 273,709.37 269,975.82 334.13 269,970.11 01/16/1901/08/19AaaNR 270,000.00 36256XAD4 2.97 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 797,544.48 799,812.46 611.56 799,798.56 09/05/1908/28/19NRAAA 800,000.00 14041NFU0 1.73 3,767.45 3,381,112.66 3,344,624.46 2.88 3,344,540.38 3,345,000.00 Security Type Sub-Total 30,556,460.76 30,461,655.04 2.40 115,785.62 30,449,436.36 30,812,509.16 Managed Account Sub-Total Money Market Mutual Fund CAMP Pool 109,033.70 109,033.70 0.00 109,033.70 NRAAAm 109,033.70 109,033.70 109,033.70 0.00 109,033.70 109,033.70 Money Market Sub-Total $30,665,494.46 $30,570,688.74 $115,785.62 $30,558,470.06 $30,921,542.86 2.40% $31,037,328.48 $115,785.62 Total Investments Accrued Interest Securities Sub-Total Page 14 For the Month Ending December 31, 2019Managed 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 0.99 (37.33)(431.64) 10,070.70 100.71 MERRILL 10,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 1.66 0.99 0.99 (45.89)(254.87) 15,014.07 100.09 MORGANST 15,000.00 912828N48US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 1.66 0.99 2.90 72,901.90 82,397.45 2,690,370.10 101.52 MORGAN_S 2,650,000.00 912828N30US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 1.60 2.90 3.31 24,843.33 29,992.12 1,100,042.90 100.00 SOCGEN 1,100,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.62 3.31 3.31 30,989.50 36,754.79 1,525,059.48 100.00 MORGAN_S 1,525,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.62 3.31 3.31 59,115.34 72,656.13 2,000,078.00 100.00 MORGAN_S 2,000,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.62 3.31 3.31 20,917.45 24,263.48 3,075,119.93 100.00 MORGAN_S 3,075,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.62 3.31 3.69 (6,309.22)(6,640.19) 999,102.00 99.91 BNP_PARI 1,000,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1.65 3.69 3.69 8,189.82 9,410.88 1,648,518.30 99.91 MERRILL 1,650,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1.65 3.69 4.29 (7,456.10)(8,277.59) 1,318,027.10 101.39 MORGAN_S 1,300,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1.68 4.29 239,870.56 1.63 3.39 203,108.80 14,381,402.58 14,325,000.00 Security Type Sub-Total 3.39 Supra-National Agency Bond / Note 0.69 39.09 130.50 50,010.50 100.02 HSBC 50,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.53 0.69 0.69 97.73 326.25 125,026.25 100.02 HSBC 125,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.53 0.69 0.69 117.28 391.50 150,031.50 100.02 HSBC 150,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.53 0.69 Page 15 For the Month Ending December 31, 2019Managed 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 Supra-National Agency Bond / Note 1.16 425.67 447.80 50,410.30 100.82 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.93 1.16 1.16 425.67 447.80 50,410.30 100.82 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.93 1.16 1.16 2,554.01 2,686.80 302,461.80 100.82 HSBC 300,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.93 1.16 4,430.65 1.75 0.95 3,659.45 728,350.65 725,000.00 Security Type Sub-Total 0.95 Municipal Bond / Note 4.34 (172.00)(172.00) 99,828.00 99.83 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 2.14 4.34 (172.00) 2.14 4.34 (172.00) 99,828.00 100,000.00 Security Type Sub-Total 4.34 Federal Agency Collateralized Mortgage Obligation 0.89 6.18 (256.00) 26,051.19 101.00 JPM_CHAS 25,794.12 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.18 1.21 0.89 6.18 (256.00) 26,051.19 101.00 JPM_CHAS 25,794.12 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.18 1.21 0.89 30.89 (1,280.01) 130,255.98 101.00 JPM_CHAS 128,970.65 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.18 1.21 1.35 578.27 439.63 35,737.68 102.11 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 1.39 2.35 1.35 578.27 439.63 35,737.68 102.11 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 1.39 2.35 1.35 2,643.53 2,009.76 163,372.26 102.11 CITIGRP 160,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 1.39 2.35 1.79 2,722.74 2,722.75 123,836.44 102.25 CSFB 121,114.06 3137FKK39FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 1.84 1.80 Page 16 For the Month Ending December 31, 2019Managed 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 Collateralized Mortgage Obligation 2.27 (576.49)(576.49) 134,208.09 99.57 JPM_CHAS 134,787.81 3137FQ3V3FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 2.22 2.83 3,243.27 1.85 1.49 5,989.57 675,250.51 666,460.76 Security Type Sub-Total 2.04 Corporate Note 0.02 (75.61)(38,992.25) 250,090.25 100.04 GOLDMAN 250,000.00 36962G4J0GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 3.10 0.02 0.47 7.17 19.95 25,004.70 100.02 DEUTSCHE 25,000.00 24422ETS8JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 1.90 0.47 0.92 70.12 (803.40) 50,304.60 100.61 UBS AG 50,000.00 94974BGR5WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 1.89 0.92 0.98 75.01 82.48 25,070.98 100.28 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.88 1.01 0.98 75.01 82.48 25,070.98 100.28 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.88 1.01 0.98 225.01 247.43 75,212.93 100.28 01/01/21MORGAN_S 75,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.88 1.01 1.07 2,800.66 2,892.60 302,745.60 100.92 BNP_PARI 300,000.00 44932HAG8IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 1.80 1.07 1.17 292.73 309.13 25,281.38 101.13 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.95 1.17 1.17 292.73 309.13 25,281.38 101.13 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.95 1.17 1.17 326.18 387.13 25,281.38 101.13 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.95 1.17 1.17 326.18 387.13 25,281.38 101.13 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.95 1.17 1.17 1,463.62 1,545.63 126,406.88 101.13 RBC 125,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.95 1.17 Page 17 For the Month Ending December 31, 2019Managed 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 1.17 2,283.21 2,709.88 176,969.63 101.13 RBC 175,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.95 1.17 1.19 4,240.51 5,131.80 303,598.80 101.20 CITIGRP 300,000.00 904764AZ0UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 1.75 1.19 1.25 762.87 774.10 50,754.10 101.51 JPM_CHAS 50,000.00 89236TEU5TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 1.76 1.25 1.18 117.14 122.12 40,114.12 100.29 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.77 1.21 1.18 117.14 122.12 40,114.12 100.29 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.77 1.21 1.18 47.80 (803.25) 50,345.75 100.69 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.95 1.19 1.18 47.80 (803.25) 50,345.75 100.69 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.95 1.19 1.18 585.69 610.60 200,570.60 100.29 03/15/21MERRILL 200,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.77 1.21 1.18 265.24 (4,903.50) 302,074.50 100.69 03/15/21KEYBAN 300,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.95 1.19 1.27 154.29 35.05 25,229.05 100.92 MERRILL 25,000.00 06051GFW4BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 1.91 1.27 1.23 1,095.11 1,427.80 200,963.80 100.48 04/04/21KEYBAN 200,000.00 0258M0EB1AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 1.88 1.26 1.32 352.67 355.46 20,350.26 101.75 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.79 1.32 1.32 352.67 355.46 20,350.26 101.75 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.79 1.32 1.25 57.33 69.18 25,052.68 100.21 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.89 1.28 Page 18 For the Month Ending December 31, 2019Managed 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 1.25 57.33 69.18 25,052.68 100.21 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.89 1.28 1.32 1,763.36 1,777.30 101,751.30 101.75 MERRILL 100,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.79 1.32 1.25 343.96 415.05 150,316.05 100.21 04/09/21SCOTIA 150,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.89 1.28 1.34 431.32 440.48 25,423.23 101.69 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.84 1.34 1.34 431.32 440.48 25,423.23 101.69 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.84 1.34 1.34 2,156.57 2,202.38 127,116.13 101.69 MERRILL 125,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.84 1.34 1.36 78.99 146.33 25,051.83 100.21 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.80 1.36 1.36 78.99 146.33 25,051.83 100.21 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.80 1.36 1.36 236.96 438.98 75,155.48 100.21 GOLDMAN 75,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.80 1.36 1.35 683.29 683.83 35,682.78 101.95 CSFB 35,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 1.82 1.35 1.35 3,904.52 3,907.60 203,901.60 101.95 CSFB 200,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 1.82 1.35 0.74 99.72 99.72 35,099.72 100.28 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.16 0.75 0.74 99.72 99.72 35,099.72 100.28 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.16 0.75 0.74 569.80 569.80 200,569.80 100.28 10/01/20MERRILL 200,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.16 0.75 1.93 933.87 1,058.95 50,838.45 101.68 MITSU 50,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 1.80 1.93 1.93 5,136.27 5,824.23 279,611.48 101.68 MITSU 275,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 1.80 1.93 Page 19 For the Month Ending December 31, 2019Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Corporate Note 2.26 301.37 301.37 15,301.37 102.01 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.62 2.26 2.26 301.37 301.37 15,301.37 102.01 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.62 2.26 2.26 1,506.83 1,506.83 76,506.83 102.01 MERRILL 75,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.62 2.26 3.05 16,096.73 16,096.73 691,096.73 102.38 JPM_CHAS 675,000.00 46647PBB1JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 2.44 3.05 3.73 18,899.78 18,432.00 421,280.00 105.32 CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 2.13 3.73 3.97 4,301.70 2,315.20 425,231.20 106.31 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 2.33 3.97 4.24 6,283.67 6,460.80 404,476.80 101.12 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 2.14 4.24 4.08 6,098.84 4,446.80 423,078.80 105.77 SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 2.49 4.08 4.43 (1,503.26)(1,403.20) 396,964.80 99.24 JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 1.92 4.43 38,449.27 2.09 2.26 85,651.30 6,778,249.07 6,655,000.00 Security Type Sub-Total 2.26 Certificate of Deposit 0.14 152.20 152.20 100,152.20 100.15 GOLDMAN 100,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.55 0.14 0.14 152.20 152.20 100,152.20 100.15 GOLDMAN 100,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.55 0.14 0.14 875.15 875.15 575,875.15 100.15 GOLDMAN 575,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.55 0.14 0.17 608.70 608.70 300,608.70 100.20 UBS 300,000.00 90275DHG8UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 1.66 0.17 0.43 186.68 195.57 30,184.17 100.61 GOLDMAN 30,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.62 0.43 0.43 311.13 325.95 50,306.95 100.61 GOLDMAN 50,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.62 0.43 Page 20 For the Month Ending December 31, 2019Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Certificate of Deposit 0.43 1,866.80 1,955.70 301,841.70 100.61 GOLDMAN 300,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.62 0.43 0.59 234.60 234.60 100,234.60 100.23 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.57 0.59 0.59 234.60 234.60 100,234.60 100.23 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.57 0.59 0.59 1,266.84 1,266.84 541,266.84 100.23 JPM_CHAS 540,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.57 0.59 0.59 4,556.00 4,556.00 674,556.00 100.68 BMO 670,000.00 06370REU9BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 2.02 0.59 0.88 273.10 273.10 100,273.10 100.27 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.97 0.88 0.88 273.10 273.10 100,273.10 100.27 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.97 0.88 0.88 1,638.60 1,638.60 601,638.60 100.27 MERRILL 600,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.97 0.88 1.40 1,108.25 1,108.25 51,108.25 102.22 RBC 50,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.67 1.40 1.40 2,216.50 2,216.50 102,216.50 102.22 RBC 100,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.67 1.40 1.40 11,636.63 11,636.63 536,636.63 102.22 RBC 525,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.67 1.40 2.57 756.40 756.40 400,756.40 100.19 BARCLAYS 400,000.00 83050PDR7SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 1.81 2.57 28,460.09 1.74 0.81 28,347.48 4,768,315.69 4,740,000.00 Security Type Sub-Total 0.81 Asset-Backed Security 1.13 4,372.27 4,373.25 304,370.58 101.46 SOCGEN 300,000.00 05586CAD6BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 2.07 1.09 1.29 3,586.32 3,597.52 278,562.49 101.30 RBC 275,000.00 36256GAE9GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 2.30 0.99 Page 21 For the Month Ending December 31, 2019Managed 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 Asset-Backed Security 1.52 6,202.19 6,216.37 381,160.31 101.64 JPM_CHAS 375,000.00 43815AAC6HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 2.09 1.33 1.65 5,073.89 5,077.22 330,063.57 101.56 CITIGRP 325,000.00 92869BAD4VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 2.31 1.33 1.68 3,730.67 3,750.99 303,681.03 101.23 JPM_CHAS 300,000.00 36255JAD6GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 2.29 1.20 1.72 5,017.68 5,031.18 354,983.48 101.42 BARCLAYS 350,000.00 14313FAD1CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 2.31 1.27 1.84 7,039.61 7,040.57 357,037.35 102.01 MERRILL 350,000.00 14315EAC4CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 2.28 1.54 1.93 3,733.55 3,739.26 273,709.37 101.37 RBC 270,000.00 36256XAD4GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 2.26 1.45 2.29 (2,267.98)(2,254.08) 797,544.48 99.69 RBC 800,000.00 14041NFU0COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 1.85 2.55 36,572.28 2.15 1.76 36,488.20 3,381,112.66 3,345,000.00 Security Type Sub-Total 1.58 30,556,460.76 30,812,509.16 350,854.12 363,072.80 2.47 1.81 Managed Account Sub-Total 2.46 Money Market Mutual Fund 0.00 0.00 0.00 109,033.70 1.00 109,033.70 CAMP Pool 0.00 109,033.70 109,033.70 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $31,037,328.48 $115,785.62 $30,921,542.86 Accrued Interest Securities Sub-Total $30,665,494.46 $350,854.12 $363,072.80 2.47 1.81% 2.46 Page 22 For the Month Ending December 31, 2019Managed 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 12/05/19 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 157411TK5 (100,000.00) 0.00 (100,000.00) 100,000.00 11/06/19 0.00 (100,000.00)(100,000.00) 100,000.00 Transaction Type Sub-Total INTEREST 12/25/19 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 0.00 235.35 235.35 135,000.00 12/01/19 12/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 401.72 401.72 133,418.25 12/01/19 12/25/19 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.12 90.12 35,000.00 12/01/19 12/25/19 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.13 90.13 35,000.00 12/01/19 12/25/19 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 412.01 412.01 160,000.00 12/01/19 12/25/19 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 0.00 347.58 347.58 130,222.19 12/01/19 12/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 80.34 80.34 26,683.64 12/01/19 12/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 80.35 80.35 26,683.64 12/01/19 12/05/19 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 06417GU22 0.00 4,620.00 4,620.00 300,000.00 12/05/19 12/05/19 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 06417GU22 0.00 462.00 462.00 30,000.00 12/05/19 12/05/19 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 06417GU22 0.00 770.00 770.00 50,000.00 12/05/19 12/07/19 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 94974BGR5 0.00 637.50 637.50 50,000.00 12/07/19 12/07/19 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 78012UEE1 0.00 1,620.00 1,620.00 100,000.00 12/07/19 12/07/19 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 78012UEE1 0.00 8,505.00 8,505.00 525,000.00 12/07/19 Page 23 For the Month Ending December 31, 2019Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 12/07/19 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 78012UEE1 0.00 810.00 810.00 50,000.00 12/07/19 12/15/19 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 14313FAD1 0.00 912.92 912.92 350,000.00 12/15/19 12/15/19 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 14041NFU0 0.00 1,146.67 1,146.67 800,000.00 12/15/19 12/15/19 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 14315EAC4 0.00 980.00 980.00 350,000.00 12/15/19 12/15/19 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 43815AAC6 0.00 987.50 987.50 375,000.00 12/15/19 12/16/19 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 36256XAD4 0.00 668.25 668.25 270,000.00 12/16/19 12/16/19 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 36255JAD6 0.00 755.00 755.00 300,000.00 12/16/19 12/20/19 BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 05586CAD6 0.00 840.00 840.00 300,000.00 12/20/19 12/20/19 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 92869BAD4 0.00 880.21 880.21 325,000.00 12/20/19 12/20/19 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 36256GAE9 0.00 756.25 756.25 275,000.00 12/20/19 12/22/19 JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 24422ETS8 0.00 243.75 243.75 25,000.00 12/22/19 12/27/19 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 02665WCZ2 0.00 4,800.00 4,800.00 400,000.00 12/27/19 12/31/19 US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 912828N48 0.00 131.25 131.25 15,000.00 12/31/19 12/31/19 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 0.00 28,156.25 28,156.25 2,650,000.00 12/31/19 12/31/19 US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 912828A83 0.00 118.75 118.75 10,000.00 12/31/19 12/31/19 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 912828XX3 0.00 13,000.00 13,000.00 1,300,000.00 12/31/19 73,538.90 73,538.90 0.00 9,532,007.72 Transaction Type Sub-Total Page 24 For the Month Ending December 31, 2019Managed 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 PAYDOWNS 12/25/19 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 9,108.13 0.00 9,108.13 0.03 0.00 9,108.13 12/01/19 12/25/19 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 212.19 0.00 212.19 0.01 0.00 212.19 12/01/19 12/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 889.52 0.00 889.52 (17.69) 0.00 889.52 12/01/19 12/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 4,447.60 0.00 4,447.60 (88.47) 0.00 4,447.60 12/01/19 12/25/19 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 889.52 0.00 889.52 (17.69) 0.00 889.52 12/01/19 0.00 0.00 (123.81) 15,546.96 15,546.96 15,546.96 Transaction Type Sub-Total (84,453.04) 73,538.90 (10,914.14) (123.81) 0.00 Managed Account Sub-Total Total Security Transactions ($123.81)($10,914.14)$73,538.90 ($84,453.04)$0.00 Page 25 For the Month Ending December 31, 2019Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 5,059,741.07 Opening Balance 12/02/19 12/02/19 Purchase - Interest 912828R69 1.00 16,250.00 5,075,991.07 12/02/19 12/02/19 Purchase - Interest 912828R69 1.00 12,390.63 5,088,381.70 12/02/19 12/02/19 Purchase - Interest 912828R69 1.00 8,937.50 5,097,319.20 12/02/19 12/02/19 Purchase - Interest 912828R69 1.00 24,984.37 5,122,303.57 12/03/19 12/03/19 Redemption - Outgoing Wires 1.00 (5,000,000.00) 122,303.57 12/05/19 12/05/19 Purchase - Interest 06417GU22 1.00 462.00 122,765.57 12/05/19 12/05/19 Purchase - Interest 06417GU22 1.00 770.00 123,535.57 12/05/19 12/05/19 Purchase - Interest 06417GU22 1.00 4,620.00 128,155.57 12/05/19 12/05/19 Redemption - Principal 157411TK5 1.00 (100,000.00) 28,155.57 12/09/19 12/09/19 Purchase - Interest 78012UEE1 1.00 810.00 28,965.57 12/09/19 12/09/19 Purchase - Interest 78012UEE1 1.00 1,620.00 30,585.57 12/09/19 12/09/19 Purchase - Interest 78012UEE1 1.00 8,505.00 39,090.57 12/09/19 12/09/19 Purchase - Interest 94974BGR5 1.00 637.50 39,728.07 12/16/19 12/16/19 Purchase - Interest 14041NFU0 1.00 1,146.67 40,874.74 12/16/19 12/16/19 Purchase - Interest 14313FAD1 1.00 912.92 41,787.66 12/16/19 12/16/19 Purchase - Interest 14315EAC4 1.00 980.00 42,767.66 12/16/19 12/16/19 Purchase - Interest 43815AAC6 1.00 987.50 43,755.16 12/16/19 12/16/19 Purchase - Interest 36255JAD6 1.00 755.00 44,510.16 12/16/19 12/16/19 Purchase - Interest 36256XAD4 1.00 668.25 45,178.41 12/20/19 12/20/19 Purchase - Interest 92869BAD4 1.00 880.21 46,058.62 12/20/19 12/20/19 Purchase - Interest 36256GAE9 1.00 756.25 46,814.87 Page 26 For the Month Ending December 31, 2019Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 12/20/19 12/20/19 Purchase - Interest 05586CAD6 1.00 840.00 47,654.87 12/23/19 12/23/19 Purchase - Interest 24422ETS8 1.00 243.75 47,898.62 12/26/19 12/26/19 Purchase - Interest 3136B1XP4 1.00 401.72 48,300.34 12/26/19 12/26/19 Purchase - Interest 3136B1XP4 1.00 80.35 48,380.69 12/26/19 12/26/19 Purchase - Interest 3136B1XP4 1.00 80.34 48,461.03 12/26/19 12/26/19 Purchase - Interest 3137BM6P6 1.00 412.01 48,873.04 12/26/19 12/26/19 Purchase - Interest 3137BM6P6 1.00 90.12 48,963.16 12/26/19 12/26/19 Purchase - Interest 3137BM6P6 1.00 90.13 49,053.29 12/26/19 12/26/19 Purchase - Interest 3137FKK39 1.00 347.58 49,400.87 12/26/19 12/26/19 Purchase - Interest 3137FQ3V3 1.00 235.35 49,636.22 12/26/19 12/26/19 Purchase - Principal 3137FKK39 1.00 9,108.13 58,744.35 12/26/19 12/26/19 Purchase - Principal 3136B1XP4 1.00 4,447.60 63,191.95 12/26/19 12/26/19 Purchase - Principal 3136B1XP4 1.00 889.52 64,081.47 12/26/19 12/26/19 Purchase - Principal 3136B1XP4 1.00 889.52 64,970.99 12/26/19 12/26/19 IP Fees November 2019 1.00 (2,719.75) 62,251.24 12/26/19 12/26/19 U.S. Bank Fees October 2019 1.00 (221.13) 62,030.11 12/27/19 12/27/19 Purchase - Interest 02665WCZ2 1.00 4,800.00 66,830.11 12/30/19 12/30/19 Purchase - Principal 3137FQ3V3 1.00 212.19 67,042.30 12/31/19 12/31/19 Purchase - Interest 912828A83 1.00 118.75 67,161.05 12/31/19 12/31/19 Purchase - Interest 912828N30 1.00 28,156.25 95,317.30 12/31/19 12/31/19 Purchase - Interest 912828N48 1.00 131.25 95,448.55 12/31/19 12/31/19 Purchase - Interest 912828XX3 1.00 13,000.00 108,448.55 Page 27 For the Month Ending December 31, 2019Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 12/31/19 01/02/20 Accrual Income Div Reinvestment - Distributions 1.00 585.15 109,033.70 109,033.70 109,033.70 109,033.70 378,172.29 3,744.71 0.00 (33,840,519.21) 33,898,750.18 50,802.73 585.15 109,033.70 0.00 (5,102,940.88) 152,233.51 5,059,741.07 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 December January-December 1.80% Page 28 CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 3,473,982$ 62,044$ (1,794,020)$ 1,742,007$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 3,473,982 62,044 (1,794,020) 1,743,307 INVESTMENTS Local Agency Investment Fund 26,918,751 - - 26,918,751 CAMP Investments: CAMP Pool Account 349,140 - - 349,140 U.S. Treasury Bond / Note 14,273,321 - - 14,273,321 Supra-National Agency Bond / Note 723,920 - - 723,920 Municipal Bond / Note 100,000 - - 100,000 Federal Agency Collateralized Mortgage Obligation 666,926 - - 666,926 Corporate Notes 6,446,945 - - 6,446,945 Negotiable Certificate of Deposit 4,739,856 - - 4,739,856 Asset-Backed Security / Collaterized Mortgage 3,344,540 - - 3,344,540 Sub-total Investments 57,563,399 - - 57,563,399 Market Value Adjustment: Unrealized Gain/(Loss) at 12/31/2019 353,339 - - 353,339 Total Investments 57,916,738 - - 57,916,738 Total Pooled Cash and Investments 61,390,720$ 62,044$ (1,794,020)$ 59,660,045$ TOTAL POOLED CASH AND INVESTMENTS 59,660,045$ 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 11, 2019. 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 February 11, 2020 Assistant City Manager 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 JANUARY 31, 2020 FUND NO FUND NAME AMOUNT 100 General 4,538,752$ 106 Affordable Housing In Lieu 1,536,576 107 Developer Agreement Revenue 9,247 108 Misc. Grant 616,235 110 State Gas Tax 415,335 112 Measure A 1,658,105 114 SB1186 CASP Education Program 21,334 115 Traffic Safety 14,674 118 Lake Side Facility DIF 21,149 119 Animal Shelter DIF 10,717 121 T.R.I.P.-2014A 146 135 Lighting & Landscape Maintenance - Dist. No. 1 977,359 140 Geothermal 11,574 155 CSA152 -- N.P.D.E.S.23,695 160 PEG Grant 25,127 202 La Strada RBBD 93,441 203 E.L.S.P. - S.T.I.F.2,644,847 205 Traffic Impact Fee 3,103,006 211 Storm Drain C.I.P. 603,135 220 Street Lighting C.I.P.216 221 Quimby Park C.I.P.312,352 231 Library C.I.P. 1,239,820 232 City Fire Protection 119,807 300 Insurance Service 1,333,520 305 Information Systems Service 491,783 310 Support Service 15,836 320 Facilities Service 707,435 331 CFD 2006-1CC Summerly Improvement Area CC 100,894 332 CFD 2006-1 Improvement Area B, Summerly 132,466 333 CFD 2015-3 Terracina 721 334 CFD 2015-5 Trieste - Far West Industries 91,123 335 CFD 2003-2E Canyon Hills Improvement Area E 88,820 336 CFD 2006-1FF Summerly Improvement Area FF 110,454 337 CFD 2016-2 Canyon Hills 532,379 338 CFD 2006-1 IA-JJ Summerly Improvement Area 173,057 340 CFD 2006-1 IA-EE Summerly Improvement Area 150,406 345 CFD 2003-2 Improvement Area D, Canyon Hills 909,526 346 CFD 2014-1 Southshore 67,413 347 CFD 2006-1 Improvement Area A, Summerly 133,165 350 CFD 98-1 Summerhill 594,592 351 CFD 2006-1 IA-II Summerly Improvement 7,811 354 CFD 90-2 Tuscany Hills 718,753 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 JANUARY 31, 2020 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 JANUARY 31, 2020 357 CFD 2003-2 Canyon Hills Improvement Area 487,719 366 CFD 2005-6 City Center Townhomes 143,260 368 CFD 2006-2 Viscaya 250,410 369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 854,631 370 CFD 2006-1 IA-HH Summerly Improvement 65,902 371 CFD 2005-1 Serenity 361,420 372 CFD 2005-2 Alberhill Ranch Improvement Area 807,835 374 CFD 2005-4 Lakeview Villas 12,079 375 CFD 2006-4 Clurman 16,518 376 CFD 2006-3 La Strada 8,528 377 CFD 2006-6 Tessara 17,140 378 CFD 2006-8 Running Deer Estates 13,057 384 CFD 2003-2 Area B Canyon Hills Improvement Area 948,118 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 931,580 386 CFD 2007-4 Mekenna Court 107,660 387 CFD 2007-5 Red Kite 70,440 388 CFD 2007-6 Holiday Inn Express 4,019 389 CFD 88-3 (2008A) West Lake Elsinore Series A 1,334,241 390 CFD 2003-2 Area C Canyon Hills Improvement Area 405,798 392 CFD 95-1 City Center 96,316 393 AD 93-1 Cottonwood Hills 823,194 394 CFD 2005-5 (2012A) Wasson Canyon 150,174 395 CFD 2018-1 Wasson Canyon II Improvement Area 2,292 396 CFD 2018-2 Nichols Ranch Improvement Area 31,743 500 Capital Improvement Plan 6,863,027 510 Successor To RDA Area I, II, & III 8,008,915 540 Successor To RDA Diamond Stadium 2,226,896 603 Endowment Trust - Carl Graves 55,712 604 Endowment Trust - Korn Memorial 33,325 605 Public Improvement Trust 495,206 606 Mobile Source Air Polution Reduction 355,221 608 Trust Deposit & Pre Paid Expense 2,308,095 617 Successor Agency Housing 5,116,328 620 Cost Recovery System 1,499,148 631 Lake Destratification Equipment Replacement 397,292 Total Pooled Cash & Investments 59,660,045$ DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00%Unlimited U.S. Treasury Bond / Note 24.80%Unlimited Current Balance 14,273,321$ Supra-National Agency Bond / Note 1.26%30% Current Balance 723,920$ Municipal Bond / Note 0.17%Unlimited Current Balance 100,000$ Federal Agency Collaterized Mortgage Obligation 1.16%40.00% Current Balance 666,926$ Federal Agency Bond / Note 0.00%*Unlimited Current Balance -$ Negotiable Certificates of Deposit 8.23%30.00% Current Balance 4,739,856$ Corporate Note 11.20%30.00% Current Balance 6,446,945$ Asset-Backed Security / Collaterized Mortgage 6%20% Current Balance 3,344,540$ Repurchase Agreements 0.00%Unlimited Reverse Repurchase Agreements 0.00%10.00% LAIF (Local Agency Investment Fund)46.76%*$65 Million Current Balance 26,918,751$ CAMP - Pooled Sweep Account 0.61%Unlimited Current Balance 349,140$ TOTAL 100.00%57,563,399$ Note: *No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. *Investment in LAIF may not exceed $65 million in each agency. FOR THE MONTH ENDING JANUARY 31, 2020 SUMMARY OF POLICY LIMITATIONS C I T Y O F L A K E E L S I N O R E Local Agency Investment Fund Yield Purchase Date Maturity Rate 1.967%Daily 24-Hour Investment Beginning Balance Net Increase/(Decrease)Ending Balance Total Investments Held with Local Agency Investment Fund:1,403,655$ 25,515,096$ 26,918,751$ 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 JANUARY 31, 2020 01/06/20 2.00 2.00 226 01/07/20 1.99 2.00 224 01/08/20 1.99 2.00 224 01/09/20 1.99 2.00 224 01/10/20 1.98 2.00 223 01/11/20 1.98 2.00 223 01/12/20 1.98 2.00 223 01/13/20 1.98 1.99 220 01/14/20 1.97 1.99 221 01/15/20 1.96 1.99 228 01/16/20 1.95 1.99 226 01/17/20 1.95 1.99 224 01/18/20 1.95 1.98 224 01/19/20 1.95 1.98 224 01/20/20 1.95 1.98 224 01/21/20 1.95 1.98 219 01/22/20 1.95 1.98 218 01/23/20 1.94 1.98 216 01/24/20 1.94 1.98 218 01/25/20 1.94 1.97 218 01/26/20 1.94 1.97 218 01/27/20 1.94 1.97 216 01/28/20 1.94 1.97 215 Jan 2020 1.967 01/29/20 1.94 1.97 216 Dec 2019 2.043 01/30/20 1.93 1.97 215 Nov 2019 2.103 01/31/20 1.93 1.97 215 02/01/20 1.93 1.97 215 02/02/20 1.93 1.96 215 02/03/20 1.92 1.96 213 02/04/20 1.92 1.96 211 02/05/20 1.92 1.96 212Apportionment Rate(2):2.29 Quarter Ended 12/31/19 PMIA Daily Rates(1) Date Daily Yield* Quarter to Date Yield Average Maturity (in days) Average Life(1): View Prior Month Daily Rates *Daily yield does not reflect capital gains or losses 226 2.11%Quarter to Date(1): LAIF Quarterly Performance 0.0000625008577897 1.001770298 Earnings Ratio(2): Fair Value Factor(1): Daily(1):2.02% Treasuries 53.88% Agencies 14.32% Certificates of Deposit/Bank Notes 18.16% Time Deposits 5.33% Commercial Paper 7.61% Loans 0.68% Pooled Money Investment Account Portfolio Composition (1) 12/31/19 $88.9 billion Percentages may not total 100% due to rounding Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). Source: (1)State of California, Office of the Treasurer (2) State of Calfiornia, Office of the Controller PMIA Average Monthly Effective Yields(1) PMIA/LAIF Performance Report as of 02/05/2020 CAMP Investment Portfolio For the Month Ending January 31, 2020Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 109,033.70 3,185,582.62 (2,945,476.75) 0.00 $349,139.57 CAMP Pool Unsettled Trades 0.00 428.11 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 30,812,509.16 2,940,641.72 (3,147,122.36) 215,934.39 $30,821,962.91 CAMP Managed Account Unsettled Trades 0.00 76,231.21 Cash Dividends and Income January 31, 2020 December 31, 2019 Asset Summary CAMP Pool 349,139.57 109,033.70 CAMP Managed Account 30,821,962.91 30,812,509.16 $31,171,102.48 $30,921,542.86 Total Asset Allocation 1.12% CAMP Pool 98.88% CAMP Managed Account Page 1 For the Month Ending January 31, 2020Managed 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 $109,033.70 3,185,582.62 (2,945,476.75) $349,139.57 428.11 $30,812,509.16 (255,025.75) (2,892,096.61) 2,940,641.72 0.00 215,934.39 $30,821,962.91 $30,921,542.86 $31,171,102.48 38,032.15 (2,135.13) 40,334.19 $76,231.21 250,000.00 2,894,610.10 35,518.66 5,025.75 (2,942,776.85) (242,377.66) 0.00 Managed Account Total 30,317,715.23 30,666,854.80 138,034.34 2,894,610.10 255,025.75 35,518.66 (2,942,776.85) (30,449,436.36) (115,810.07) 0.00 138,034.34 5,840,086.85 255,025.75 35,518.66 (6,128,359.47) (30,558,470.06) (115,810.07) 428.11 Total Accrual Basis Earnings $132,880.80 $133,308.91 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending January 31, 2020Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 14,375,000.00 14,603,806.27 46.85 Supra-National Agency Bond / Note 725,000.00 729,595.65 2.34 Municipal Bond / Note 100,000.00 102,019.00 0.33 Federal Agency Collateralized Mortgage Obligation 661,435.01 671,139.21 2.15 Corporate Note 6,405,000.00 6,558,909.49 21.04 Certificate of Deposit 4,740,000.00 4,765,282.67 15.29 Asset-Backed Security 3,345,000.00 3,391,210.62 10.88 Managed Account Sub-Total 30,351,435.01 30,821,962.91 98.88% Accrued Interest 138,034.34 Total Portfolio 30,351,435.01 30,959,997.25 CAMP Pool 349,139.57 349,139.57 1.12 Total Investments 30,700,574.58 31,309,136.82 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 10.88% ABS 15.29% Cert of Deposit 21.04% Corporate Note 2.15% Fed Agency CMO 1.12% Mny Mkt Fund 0.33% Muni Bond / Note 2.34% Supra-National Agency Bond / Note 46.85% 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 5.89% 8.40% 14.94% 5.48% 42.74% 22.55% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.57 1058 2.32% 1.57% Page 3 For the Month Ending January 31, 2020Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Credit Quality (S&P Ratings) 9.06% A 3.62% A+ 6.73% A- 4.36% A-1 7.44% A-1+ 49.00% AA+ 2.70% AA- 12.34% AAA 1.12% AAAm 2.75% BBB+ 0.88% NR Issuer Summary Percentof HoldingsIssuer Market Value 201,202.60 0.65 AMERICAN EXPRESS CO 410,519.20 1.32 AMERICAN HONDA FINANCE 403,043.07 1.29 BANK OF AMERICA CO 675,433.70 2.17 BANK OF MONTREAL 381,955.10 1.23 BANK OF NOVA SCOTIA 326,115.65 1.05 BB&T CORPORATION 304,608.09 0.98 BMW FINANCIAL SERVICES NA LLC 349,139.57 1.12 CAMP Pool 804,515.20 2.58 CAPITAL ONE FINANCIAL CORP 712,925.05 2.29 CARMAX AUTO OWNER TRUST 102,019.00 0.33 CHAFFEY CA JT UNION HS DIST 239,555.01 0.77 CHARLES SCHWAB 356,267.63 1.14 DEERE & COMPANY 179,600.76 0.58 FANNIE MAE 491,538.45 1.58 FREDDIE MAC 278,358.71 0.89 GM FINANCIAL AUTO LEASING TRUST 578,815.71 1.86 GM FINANCIAL SECURITIZED TERM 427,421.60 1.37 GOLDMAN SACHS GROUP INC 178,267.79 0.57 HERSHEY COMPANY 382,161.19 1.23 HONDA AUTO RECEIVABLES 302,762.40 0.97 IBM CORP 404,800.40 1.30 INTERNATIONAL FINANCE CORPORATION 324,795.25 1.04 INTL BANK OF RECONSTRUCTION AND DEV 692,820.00 2.22 JP MORGAN CHASE & CO 430,404.40 1.38 MORGAN STANLEY 405,308.00 1.30 NATIONAL RURAL UTILITIES CO FINANCE CORP 775,478.18 2.49 NORDEA BANK AB 142,426.06 0.46 PACCAR FINANCIAL CORP 281,375.64 0.90 PEPSICO INC 425,425.60 1.36 PNC FINANCIAL SERVICES GROUP 687,955.95 2.21 ROYAL BANK OF CANADA 399,996.00 1.28 SKANDINAVISKA ENSKILDA BANKEN AB Page 4 For the Month Ending January 31, 2020Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Percentof HoldingsIssuer Market Value 125,473.14 0.40 STATE STREET CORPORATION 802,589.60 2.57 SWEDBANK AB 404,169.80 1.30 THE BANK OF NEW YORK MELLON CORPORATION 401,457.60 1.29 THE WALT DISNEY CORPORATION 50,802.45 0.16 TOYOTA MOTOR CORP 300,312.00 0.96 UBS AG 303,778.20 0.97 UNILEVER PLC 14,603,806.27 46.84 UNITED STATES TREASURY 329,826.67 1.06 VOLKSWAGEN OF AMERICA 50,313.65 0.16 WELLS FARGO & COMPANY 741,562.14 2.38 WESTPAC BANKING CORP $31,171,102.48 Total 100.00% Page 5 For the Month Ending January 31, 2020Managed 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 12/31/2013 2.375% 12/31/2020 10,075.00 10,098.83 20.88 10,502.34 03/31/1603/30/16AaaAA+ 10,000.00 912828A83 1.28 US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 15,028.13 15,054.85 23.08 15,268.94 05/31/1605/27/16AaaAA+ 15,000.00 912828N48 1.35 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1,111,687.50 1,075,793.53 3,076.84 1,070,050.78 04/05/1904/01/19AaaAA+ 1,100,000.00 912828R69 2.32 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1,541,203.13 1,494,811.56 4,265.63 1,488,304.69 05/03/1905/01/19AaaAA+ 1,525,000.00 912828R69 2.25 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 2,021,250.00 1,942,371.86 5,594.26 1,927,421.87 03/06/1903/04/19AaaAA+ 2,000,000.00 912828R69 2.53 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 3,107,671.88 3,054,704.32 8,601.18 3,050,856.45 06/07/1906/03/19AaaAA+ 3,075,000.00 912828R69 1.83 US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1,011,562.50 1,005,294.10 4,151.79 1,005,742.19 10/04/1910/02/19AaaAA+ 1,000,000.00 912828T91 1.48 US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1,669,078.13 1,640,536.64 6,850.45 1,639,107.42 07/03/1907/01/19AaaAA+ 1,650,000.00 912828T91 1.78 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1,337,781.25 1,325,015.37 2,285.71 1,326,304.69 11/06/1911/01/19AaaAA+ 1,300,000.00 912828XX3 1.55 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 2,778,468.75 2,739,172.71 4,747.25 2,739,761.72 01/07/2001/02/20AaaAA+ 2,700,000.00 912828XX3 1.66 39,617.07 14,603,806.27 14,302,853.77 1.92 14,273,321.09 14,375,000.00 Security Type Sub-Total Supra-National Agency Bond / Note INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 49,968.50 49,974.81 301.36 49,880.00 09/19/1709/12/17AaaAAA 50,000.00 45905UP32 1.64 INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 124,921.25 124,937.01 753.40 124,700.00 09/19/1709/12/17AaaAAA 125,000.00 45905UP32 1.64 Page 6 For the Month Ending January 31, 2020Managed 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 Supra-National Agency Bond / Note INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 149,905.50 149,924.42 904.08 149,640.00 09/19/1709/12/17AaaAAA 150,000.00 45905UP32 1.64 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,600.05 49,985.69 519.68 49,962.50 03/16/1803/09/18AaaAAA 50,000.00 45950VLQ7 2.66 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,600.05 49,985.69 519.68 49,962.50 03/16/1803/09/18AaaAAA 50,000.00 45950VLQ7 2.66 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 303,600.30 299,914.14 3,118.08 299,775.00 03/16/1803/09/18AaaAAA 300,000.00 45950VLQ7 2.66 6,116.28 729,595.65 724,721.76 2.21 723,920.00 725,000.00 Security Type Sub-Total Municipal Bond / Note CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 102,019.00 100,000.00 326.82 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10 326.82 102,019.00 100,000.00 2.10 100,000.00 100,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 25,657.25 25,630.27 75.34 25,901.97 04/30/1804/11/18AaaAA+ 25,396.80 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 25,657.25 25,630.27 75.34 25,901.97 04/30/1804/11/18AaaAA+ 25,396.80 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 128,286.26 128,151.39 376.72 129,509.85 04/30/1804/11/18AaaAA+ 126,984.03 3136B1XP4 2.27 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 35,996.09 35,152.59 90.13 35,298.05 04/09/1804/04/18AaaAA+ 35,000.00 3137BM6P6 2.61 Page 7 For the Month Ending January 31, 2020Managed 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 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 35,996.09 35,152.59 90.13 35,298.05 04/09/1804/04/18AaaAA+ 35,000.00 3137BM6P6 2.61 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 164,553.55 160,697.56 412.00 161,362.50 04/09/1804/04/18AaaAA+ 160,000.00 3137BM6P6 2.61 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 120,915.90 120,915.54 322.74 120,915.53 12/17/1812/07/18AaaAA+ 120,915.90 3137FKK39 3.11 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 134,076.82 132,738.29 231.41 132,738.30 11/26/1911/20/19AaaAA+ 132,741.48 3137FQ3V3 2.03 1,673.81 671,139.21 664,068.50 2.49 666,926.22 661,435.01 Security Type Sub-Total Corporate Note JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 25,018.85 24,997.96 52.81 24,984.75 06/22/1706/19/17A2A 25,000.00 24422ETS8 1.97 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 50,313.65 50,213.66 191.25 51,108.00 05/10/1605/06/16A2A- 50,000.00 94974BGR5 2.04 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 25,071.33 24,996.28 268.75 24,988.50 10/26/1710/23/17A3A- 25,000.00 05531FAZ6 2.17 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 25,071.33 24,996.28 268.75 24,988.50 10/26/1710/23/17A3A- 25,000.00 05531FAZ6 2.17 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 75,213.98 74,988.83 806.25 74,965.50 10/26/1710/23/17A3A- 75,000.00 05531FAZ6 2.17 IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 302,762.40 299,949.05 3,886.67 299,853.00 02/06/1802/01/18A2A 300,000.00 44932HAG8 2.67 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,331.75 24,989.42 273.89 24,972.25 02/26/1802/21/18A2A 25,000.00 63743HER9 2.94 Page 8 For the Month Ending January 31, 2020Managed 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 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,331.75 24,989.42 273.89 24,972.25 02/26/1802/21/18A2A 25,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,331.75 24,958.24 273.89 24,894.25 04/19/1804/12/18A2A 25,000.00 63743HER9 3.05 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,331.75 24,958.24 273.89 24,894.25 04/19/1804/12/18A2A 25,000.00 63743HER9 3.05 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 126,658.75 124,947.11 1,369.44 124,861.25 02/26/1802/21/18A2A 125,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 177,322.25 174,707.69 1,917.22 174,259.75 04/19/1804/12/18A2A 175,000.00 63743HER9 3.05 UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 303,778.20 299,401.17 2,956.25 298,467.00 03/22/1803/19/18A1A+ 300,000.00 904764AZ0 2.93 TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 50,802.45 49,991.79 442.50 49,980.00 04/13/1804/10/18Aa3AA- 50,000.00 89236TEU5 2.96 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 40,196.52 39,997.17 235.56 39,992.00 10/10/1710/05/17A1A+ 40,000.00 713448DX3 2.01 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 40,196.52 39,997.17 235.56 39,992.00 10/10/1710/05/17A1A+ 40,000.00 713448DX3 2.01 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 50,475.40 50,277.61 368.06 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 50,475.40 50,277.61 368.06 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 100,950.80 100,561.90 736.11 102,326.00 05/19/1605/16/16A1A 100,000.00 06406FAA1 2.00 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 200,982.60 199,985.87 1,177.78 199,960.00 10/10/1710/05/17A1A+ 200,000.00 713448DX3 2.01 Page 9 For the Month Ending January 31, 2020Managed 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 BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 25,325.60 25,070.03 185.94 25,194.00 11/03/1711/01/17A2A- 25,000.00 06051GFW4 2.39 AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 201,202.60 199,876.72 1,075.00 199,536.00 05/31/1605/25/16A2A- 200,000.00 0258M0EB1 2.30 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 20,346.58 19,997.73 139.50 19,994.80 05/10/1805/07/18A1A+ 20,000.00 69371RP26 3.11 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 20,346.58 19,997.73 139.50 19,994.80 05/10/1805/07/18A1A+ 20,000.00 69371RP26 3.11 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 25,094.88 24,995.63 115.31 24,983.50 05/16/1605/10/16A3A- 25,000.00 05531FAV5 2.06 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 25,094.88 24,995.63 115.31 24,983.50 05/16/1605/10/16A3A- 25,000.00 05531FAV5 2.06 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 101,732.90 99,988.66 697.50 99,974.00 05/10/1805/07/18A1A+ 100,000.00 69371RP26 3.11 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 150,569.25 149,973.78 691.88 149,901.00 05/16/1605/10/16A3A- 150,000.00 05531FAV5 2.06 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,466.83 24,992.40 163.61 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.12 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,466.83 24,992.40 163.61 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.12 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 127,334.13 124,961.98 818.06 124,913.75 05/10/1805/03/18A1A 125,000.00 427866BA5 3.12 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,094.63 24,974.46 97.50 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,094.63 24,974.46 97.50 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 Page 10 For the Month Ending January 31, 2020Managed 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 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 75,283.88 74,923.37 292.50 74,716.50 05/24/1605/19/16A1A 75,000.00 857477AV5 2.03 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 35,678.41 34,999.52 221.18 34,998.95 05/22/1805/17/18A2A 35,000.00 808513AW5 3.25 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 203,876.60 199,997.25 1,263.89 199,994.00 05/22/1805/17/18A2A 200,000.00 808513AW5 3.25 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 35,074.03 35,000.00 271.60 35,000.00 09/18/1709/13/17A2A- 35,000.00 06051GGS2 2.33 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 35,074.03 35,000.00 271.60 35,000.00 09/18/1709/13/17A2A- 35,000.00 06051GGS2 2.33 BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 200,423.00 200,000.00 1,552.00 200,000.00 09/18/1709/13/17A2A- 200,000.00 06051GGS2 2.33 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 50,961.35 49,908.44 92.01 49,779.50 03/15/1703/10/17A2A 50,000.00 24422ETL3 2.75 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 280,287.43 274,496.44 506.08 273,787.25 03/15/1703/10/17A2A 275,000.00 24422ETL3 2.75 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 15,306.63 15,000.00 107.89 15,000.00 05/17/1805/14/18A2A- 15,000.00 06051GHH5 3.50 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 15,306.63 15,000.00 107.89 15,000.00 05/17/1805/14/18A2A- 15,000.00 06051GHH5 3.50 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 76,533.15 75,000.00 539.43 75,000.00 05/17/1805/14/18A2A- 75,000.00 06051GHH5 3.50 JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 692,820.00 675,000.00 7,215.75 675,000.00 03/22/1903/15/19A2A- 675,000.00 46647PBB1 3.21 PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 425,425.60 402,334.67 311.11 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 430,404.40 420,547.68 3,961.11 422,916.00 07/23/1907/19/19A3BBB+ 400,000.00 61746BDQ6 2.59 Page 11 For the Month Ending January 31, 2020Managed 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 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 410,519.20 398,225.02 906.67 398,016.00 07/15/1907/11/19A2A 400,000.00 02665WCZ2 2.51 GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 427,421.60 416,685.15 983.89 418,632.00 07/11/1907/08/19A3BBB+ 400,000.00 38141EC23 2.84 WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 401,457.60 398,494.17 2,819.44 398,368.00 09/06/1909/03/19A2A 400,000.00 254687FK7 1.84 BANK OF NY MELLON CORP DTD 10/24/2019 2.100% 10/24/2024 202,268.20 200,878.61 1,131.67 200,880.00 01/28/2001/21/20A1A 200,000.00 06406RAL1 2.00 43,432.51 6,558,909.49 6,441,464.40 2.67 6,446,945.30 6,405,000.00 Security Type Sub-Total Certificate of Deposit NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 100,061.70 100,000.00 1,216.44 100,000.00 02/22/1802/20/18P-1A-1+ 100,000.00 65590ASN7 2.72 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 100,061.70 100,000.00 1,216.44 100,000.00 02/22/1802/20/18P-1A-1+ 100,000.00 65590ASN7 2.72 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 575,354.78 575,000.00 6,994.56 575,000.00 02/22/1802/20/18P-1A-1+ 575,000.00 65590ASN7 2.72 UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 300,312.00 300,000.00 3,649.17 300,000.00 03/06/1803/02/18P-1A-1 300,000.00 90275DHG8 2.93 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 30,154.35 29,997.98 143.73 29,988.60 06/07/1806/05/18P-1A-1 30,000.00 06417GU22 3.10 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 50,257.25 49,996.63 239.56 49,981.00 06/07/1806/05/18P-1A-1 50,000.00 06417GU22 3.10 BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 301,543.50 299,979.79 1,437.33 299,886.00 06/07/1806/05/18P-1A-1 300,000.00 06417GU22 3.10 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 100,211.10 100,000.00 990.83 100,000.00 08/07/1708/03/17P-1A-1+ 100,000.00 96121T4A3 2.05 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 100,211.10 100,000.00 990.83 100,000.00 08/07/1708/03/17P-1A-1+ 100,000.00 96121T4A3 2.05 Page 12 For the Month Ending January 31, 2020Managed 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 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 541,139.94 540,000.00 5,350.50 540,000.00 08/07/1708/03/17P-1A-1+ 540,000.00 96121T4A3 2.05 BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 675,433.70 670,000.00 10,686.50 670,000.00 08/03/1808/01/18P-1A-1 670,000.00 06370REU9 3.23 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 100,323.70 100,000.00 472.92 100,000.00 11/17/1711/16/17P-1A-1+ 100,000.00 87019U6D6 2.30 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 100,323.70 100,000.00 472.92 100,000.00 11/17/1711/16/17P-1A-1+ 100,000.00 87019U6D6 2.30 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 601,942.20 600,000.00 2,837.50 600,000.00 11/17/1711/16/17P-1A-1+ 600,000.00 87019U6D6 2.30 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 50,959.70 50,000.00 243.00 50,000.00 06/08/1806/07/18Aa2AA- 50,000.00 78012UEE1 3.24 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 101,919.40 100,000.00 486.00 100,000.00 06/08/1806/07/18Aa2AA- 100,000.00 78012UEE1 3.24 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 535,076.85 525,000.00 2,551.50 525,000.00 06/08/1806/07/18Aa2AA- 525,000.00 78012UEE1 3.24 SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 399,996.00 400,000.00 3,120.67 400,000.00 09/03/1908/29/19Aa2A+ 400,000.00 83050PDR7 1.88 43,100.40 4,765,282.67 4,739,974.40 2.67 4,739,855.60 4,740,000.00 Security Type Sub-Total Asset-Backed Security BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 304,608.09 299,998.37 308.00 299,997.33 10/17/1810/10/18AaaAAA 300,000.00 05586CAD6 3.36 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 278,358.71 274,976.91 277.29 274,964.97 09/26/1809/18/18AaaAAA 275,000.00 36256GAE9 3.31 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 382,161.19 374,959.22 526.67 374,943.94 11/28/1811/20/18AaaAAA 375,000.00 43815AAC6 3.17 Page 13 For the Month Ending January 31, 2020Managed 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 Asset-Backed Security VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 329,826.67 324,989.93 322.74 324,986.35 11/21/1811/15/18AaaAAA 325,000.00 92869BAD4 3.25 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 304,172.52 299,951.53 377.50 299,930.04 07/18/1807/11/18NRAAA 300,000.00 36255JAD6 3.03 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 355,737.45 349,966.59 486.89 349,952.30 07/25/1807/18/18NRAAA 350,000.00 14313FAD1 3.36 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 357,187.60 349,997.79 522.67 349,996.78 10/24/1810/17/18NRAAA 350,000.00 14315EAC4 3.36 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 274,643.19 269,976.32 334.13 269,970.11 01/16/1901/08/19AaaNR 270,000.00 36256XAD4 2.97 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 804,515.20 799,815.74 611.56 799,798.56 09/05/1908/28/19NRAAA 800,000.00 14041NFU0 1.73 3,767.45 3,391,210.62 3,344,632.40 2.88 3,344,540.38 3,345,000.00 Security Type Sub-Total 30,351,435.01 30,295,508.59 2.32 138,034.34 30,317,715.23 30,821,962.91 Managed Account Sub-Total Money Market Mutual Fund CAMP Pool 349,139.57 349,139.57 0.00 349,139.57 NRAAAm 349,139.57 349,139.57 349,139.57 0.00 349,139.57 349,139.57 Money Market Sub-Total $30,700,574.58 $30,644,648.16 $138,034.34 $30,666,854.80 $31,171,102.48 2.32% $31,309,136.82 $138,034.34 Total Investments Accrued Interest Securities Sub-Total Page 14 For the Month Ending January 31, 2020Managed 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 0.90 (23.83)(427.34) 10,075.00 100.75 MERRILL 10,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 1.55 0.90 0.90 (26.72)(240.81) 15,028.13 100.19 MORGANST 15,000.00 912828N48US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 1.54 0.90 3.23 35,893.97 41,636.72 1,111,687.50 101.06 SOCGEN 1,100,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.30 3.23 3.23 46,391.57 52,898.44 1,541,203.13 101.06 MORGAN_S 1,525,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.30 3.23 3.23 78,878.14 93,828.13 2,021,250.00 101.06 MORGAN_S 2,000,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.30 3.23 3.23 52,967.56 56,815.43 3,107,671.88 101.06 MORGAN_S 3,075,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1.30 3.23 3.61 6,268.40 5,820.31 1,011,562.50 101.16 BNP_PARI 1,000,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1.31 3.61 3.61 28,541.49 29,970.71 1,669,078.13 101.16 MERRILL 1,650,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1.31 3.61 4.22 12,765.88 11,476.56 1,337,781.25 102.91 MORGAN_S 1,300,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1.32 4.22 4.22 39,296.04 38,707.03 2,778,468.75 102.91 HSBC 2,700,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1.32 4.22 330,485.18 1.31 3.57 300,952.50 14,603,806.27 14,375,000.00 Security Type Sub-Total 3.57 Supra-National Agency Bond / Note 0.61 (6.31) 88.50 49,968.50 99.94 HSBC 50,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.66 0.61 0.61 (15.76) 221.25 124,921.25 99.94 HSBC 125,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.66 0.61 0.61 (18.92) 265.50 149,905.50 99.94 HSBC 150,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.66 0.61 Page 15 For the Month Ending January 31, 2020Managed 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 Supra-National Agency Bond / Note 1.08 614.36 637.55 50,600.05 101.20 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.54 1.08 1.08 614.36 637.55 50,600.05 101.20 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.54 1.08 1.08 3,686.16 3,825.30 303,600.30 101.20 HSBC 300,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.54 1.08 5,675.65 1.59 0.87 4,873.89 729,595.65 725,000.00 Security Type Sub-Total 0.87 Municipal Bond / Note 4.27 2,019.00 2,019.00 102,019.00 102.02 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 1.63 4.27 2,019.00 1.63 4.27 2,019.00 102,019.00 100,000.00 Security Type Sub-Total 4.27 Federal Agency Collateralized Mortgage Obligation 0.85 26.98 (244.72) 25,657.25 101.03 JPM_CHAS 25,396.80 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.08 1.13 0.85 26.98 (244.72) 25,657.25 101.03 JPM_CHAS 25,396.80 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.08 1.13 0.85 134.87 (1,223.59) 128,286.26 101.03 JPM_CHAS 126,984.03 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.08 1.13 1.31 843.50 698.04 35,996.09 102.85 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.79 2.27 1.31 843.50 698.04 35,996.09 102.85 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.79 2.27 1.31 3,855.99 3,191.05 164,553.55 102.85 CITIGRP 160,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.79 2.27 1.74 0.36 0.37 120,915.90 100.00 CSFB 120,915.90 3137FKK39FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3.08 1.71 Page 16 For the Month Ending January 31, 2020Managed 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 Collateralized Mortgage Obligation 2.25 1,338.53 1,338.52 134,076.82 101.01 JPM_CHAS 132,741.48 3137FQ3V3FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 1.58 2.76 4,212.99 1.71 1.45 7,070.71 671,139.21 661,435.01 Security Type Sub-Total 1.96 Corporate Note 0.39 20.89 34.10 25,018.85 100.08 DEUTSCHE 25,000.00 24422ETS8JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 1.74 0.39 0.84 99.99 (794.35) 50,313.65 100.63 UBS AG 50,000.00 94974BGR5WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 1.80 0.84 0.89 75.05 82.83 25,071.33 100.29 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.86 0.92 0.89 75.05 82.83 25,071.33 100.29 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.86 0.92 0.89 225.15 248.48 75,213.98 100.29 01/01/21MORGAN_S 75,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.86 0.92 0.98 2,813.35 2,909.40 302,762.40 100.92 BNP_PARI 300,000.00 44932HAG8IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 1.73 0.98 1.09 342.33 359.50 25,331.75 101.33 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.70 1.09 1.09 342.33 359.50 25,331.75 101.33 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.70 1.09 1.09 373.51 437.50 25,331.75 101.33 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.70 1.09 1.09 373.51 437.50 25,331.75 101.33 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.70 1.09 1.09 1,711.64 1,797.50 126,658.75 101.33 RBC 125,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.70 1.09 1.09 2,614.56 3,062.50 177,322.25 101.33 RBC 175,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.70 1.09 Page 17 For the Month Ending January 31, 2020Managed 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 1.11 4,377.03 5,311.20 303,778.20 101.26 CITIGRP 300,000.00 904764AZ0UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 1.63 1.11 1.17 810.66 822.45 50,802.45 101.60 JPM_CHAS 50,000.00 89236TEU5TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 1.59 1.17 1.10 199.35 204.52 40,196.52 100.49 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.59 1.12 1.10 199.35 204.52 40,196.52 100.49 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.59 1.12 1.10 197.79 (673.60) 50,475.40 100.95 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.70 1.10 1.10 197.79 (673.60) 50,475.40 100.95 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.70 1.10 1.10 388.90 (1,375.20) 100,950.80 100.95 03/15/21KEYBAN 100,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.70 1.10 1.10 996.73 1,022.60 200,982.60 100.49 03/15/21MERRILL 200,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.59 1.12 1.19 255.57 131.60 25,325.60 101.30 MERRILL 25,000.00 06051GFW4BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 1.54 1.19 1.15 1,325.88 1,666.60 201,202.60 100.60 04/04/21KEYBAN 200,000.00 0258M0EB1AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 1.76 1.16 1.24 348.85 351.78 20,346.58 101.73 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.72 1.24 1.24 348.85 351.78 20,346.58 101.73 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.72 1.24 1.17 99.25 111.38 25,094.88 100.38 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.75 1.18 1.17 99.25 111.38 25,094.88 100.38 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.75 1.18 Page 18 For the Month Ending January 31, 2020Managed 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 1.24 1,744.24 1,758.90 101,732.90 101.73 MERRILL 100,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.72 1.24 1.17 595.47 668.25 150,569.25 100.38 04/09/21SCOTIA 150,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.75 1.18 1.26 474.43 484.08 25,466.83 101.87 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.63 1.26 1.26 474.43 484.08 25,466.83 101.87 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.63 1.26 1.26 2,372.15 2,420.38 127,334.13 101.87 MERRILL 125,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.63 1.26 1.28 120.17 189.13 25,094.63 100.38 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.65 1.28 1.28 120.17 189.13 25,094.63 100.38 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.65 1.28 1.28 360.51 567.38 75,283.88 100.38 GOLDMAN 75,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.65 1.28 1.27 678.89 679.46 35,678.41 101.94 CSFB 35,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 1.74 1.27 1.27 3,879.35 3,882.60 203,876.60 101.94 CSFB 200,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 1.74 1.27 0.65 74.03 74.03 35,074.03 100.21 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.20 0.66 0.65 74.03 74.03 35,074.03 100.21 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.20 0.66 0.65 423.00 423.00 200,423.00 100.21 10/01/20MERRILL 200,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.20 0.66 1.88 1,052.91 1,181.85 50,961.35 101.92 MITSU 50,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 1.63 1.88 1.88 5,790.99 6,500.18 280,287.43 101.92 MITSU 275,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 1.63 1.88 2.18 306.63 306.63 15,306.63 102.04 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.57 2.18 Page 19 For the Month Ending January 31, 2020Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Corporate Note 2.18 306.63 306.63 15,306.63 102.04 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.57 2.18 2.18 1,533.15 1,533.15 76,533.15 102.04 MERRILL 75,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.57 2.18 2.97 17,820.00 17,820.00 692,820.00 102.64 JPM_CHAS 675,000.00 46647PBB1JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 2.34 2.97 3.72 23,090.93 22,577.60 425,425.60 106.36 CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 1.84 3.72 3.89 9,856.72 7,488.40 430,404.40 107.60 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 2.00 3.89 4.16 12,294.18 12,503.20 410,519.20 102.63 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 1.78 4.16 4.08 10,736.45 8,789.60 427,421.60 106.86 SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 2.22 4.08 4.35 2,963.43 3,089.60 401,457.60 100.36 JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 1.67 4.35 4.46 1,389.59 1,388.20 202,268.20 101.13 MORGAN_S 200,000.00 06406RAL1BANK OF NY MELLON CORP DTD 10/24/2019 2.100% 10/24/2024 1.85 4.46 111,964.19 1.87 2.39 117,445.09 6,558,909.49 6,405,000.00 Security Type Sub-Total 2.39 Certificate of Deposit 0.06 61.70 61.70 100,061.70 100.06 GOLDMAN 100,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.45 0.06 0.06 61.70 61.70 100,061.70 100.06 GOLDMAN 100,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.45 0.06 0.06 354.78 354.78 575,354.78 100.06 GOLDMAN 575,000.00 65590ASN7NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 1.45 0.06 0.09 312.00 312.00 300,312.00 100.10 UBS 300,000.00 90275DHG8UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 1.58 0.09 0.35 156.37 165.75 30,154.35 100.51 GOLDMAN 30,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.56 0.35 0.35 260.62 276.25 50,257.25 100.51 GOLDMAN 50,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.56 0.35 Page 20 For the Month Ending January 31, 2020Managed Account Fair Market Value & Analytics Value On Cost Amort Cost to WorstCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/L Duration CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Security Type/Description Next Call Market YTMEffective Duration Certificate of Deposit 0.35 1,563.71 1,657.50 301,543.50 100.51 GOLDMAN 300,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.56 0.35 0.50 211.10 211.10 100,211.10 100.21 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.55 0.50 0.50 211.10 211.10 100,211.10 100.21 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.55 0.50 0.50 1,139.94 1,139.94 541,139.94 100.21 JPM_CHAS 540,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.55 0.50 0.51 5,433.70 5,433.70 675,433.70 100.81 BMO 670,000.00 06370REU9BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 1.57 0.51 0.79 323.70 323.70 100,323.70 100.32 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.88 0.79 0.79 323.70 323.70 100,323.70 100.32 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.88 0.79 0.79 1,942.20 1,942.20 601,942.20 100.32 MERRILL 600,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.88 0.79 1.31 959.70 959.70 50,959.70 101.92 RBC 50,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.79 1.31 1.31 1,919.40 1,919.40 101,919.40 101.92 RBC 100,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.79 1.31 1.31 10,076.85 10,076.85 535,076.85 101.92 RBC 525,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.79 1.31 2.48 (4.00)(4.00) 399,996.00 100.00 BARCLAYS 400,000.00 83050PDR7SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 1.88 2.48 25,427.07 1.66 0.72 25,308.27 4,765,282.67 4,740,000.00 Security Type Sub-Total 0.72 Asset-Backed Security 1.09 4,609.72 4,610.76 304,608.09 101.54 SOCGEN 300,000.00 05586CAD6BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 1.95 1.04 1.25 3,381.80 3,393.74 278,358.71 101.22 RBC 275,000.00 36256GAE9GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 2.32 0.78 Page 21 For the Month Ending January 31, 2020Managed 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 Asset-Backed Security 1.48 7,201.97 7,217.25 382,161.19 101.91 JPM_CHAS 375,000.00 43815AAC6HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 1.88 1.24 1.61 4,836.74 4,840.32 329,826.67 101.49 CITIGRP 325,000.00 92869BAD4VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 2.33 1.18 1.64 4,220.99 4,242.48 304,172.52 101.39 JPM_CHAS 300,000.00 36255JAD6GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 2.18 0.96 1.68 5,770.86 5,785.15 355,737.45 101.64 BARCLAYS 350,000.00 14313FAD1CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 2.16 1.21 1.80 7,189.81 7,190.82 357,187.60 102.05 MERRILL 350,000.00 14315EAC4CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 2.23 1.45 1.89 4,666.87 4,673.08 274,643.19 101.72 RBC 270,000.00 36256XAD4GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 2.07 1.19 2.26 4,699.46 4,716.64 804,515.20 100.56 RBC 800,000.00 14041NFU0COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 1.47 2.47 46,670.24 1.98 1.73 46,578.22 3,391,210.62 3,345,000.00 Security Type Sub-Total 1.46 30,351,435.01 30,821,962.91 526,454.32 504,247.68 2.57 1.57 Managed Account Sub-Total 2.55 Money Market Mutual Fund 0.00 0.00 0.00 349,139.57 1.00 349,139.57 CAMP Pool 0.00 349,139.57 349,139.57 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $31,309,136.82 $138,034.34 $31,171,102.48 Accrued Interest Securities Sub-Total $30,700,574.58 $526,454.32 $504,247.68 2.57 1.57% 2.55 Page 22 For the Month Ending January 31, 2020Managed 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 01/07/20 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 912828XX3 (2,739,761.72)(1,038.46)(2,740,800.18) 2,700,000.00 01/02/20 01/28/20 BANK OF NY MELLON CORP DTD 10/24/2019 2.100% 10/24/2024 06406RAL1 (200,880.00)(1,096.67)(201,976.67) 200,000.00 01/21/20 (2,135.13) (2,942,776.85)(2,940,641.72) 2,900,000.00 Transaction Type Sub-Total INTEREST 01/25/20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 0.00 250.82 250.82 134,787.81 01/01/20 01/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.13 90.13 35,000.00 01/01/20 01/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 388.76 388.76 128,970.65 01/01/20 01/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 412.00 412.00 160,000.00 01/01/20 01/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.13 90.13 35,000.00 01/01/20 01/25/20 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 0.00 323.27 323.27 121,114.06 01/01/20 01/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 77.75 77.75 25,794.12 01/01/20 01/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 77.75 77.75 25,794.12 01/01/20 01/06/20 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 24422ETL3 0.00 662.50 662.50 50,000.00 01/06/20 01/06/20 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 24422ETL3 0.00 3,643.75 3,643.75 275,000.00 01/06/20 01/08/20 GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 38141EC23 0.00 7,700.00 7,700.00 400,000.00 01/08/20 01/08/20 GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 36962G4J0 0.00 6,875.00 6,875.00 250,000.00 01/08/20 01/15/20 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 14041NFU0 0.00 1,146.67 1,146.67 800,000.00 01/15/20 Page 23 For the Month Ending January 31, 2020Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 01/15/20 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 14315EAC4 0.00 980.00 980.00 350,000.00 01/15/20 01/15/20 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 43815AAC6 0.00 987.50 987.50 375,000.00 01/15/20 01/15/20 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 14313FAD1 0.00 912.92 912.92 350,000.00 01/15/20 01/16/20 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 36256XAD4 0.00 668.25 668.25 270,000.00 01/16/20 01/16/20 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 36255JAD6 0.00 755.00 755.00 300,000.00 01/16/20 01/20/20 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 36256GAE9 0.00 756.25 756.25 275,000.00 01/20/20 01/20/20 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 92869BAD4 0.00 880.21 880.21 325,000.00 01/20/20 01/20/20 BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 05586CAD6 0.00 840.00 840.00 300,000.00 01/20/20 01/23/20 PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 693475AV7 0.00 7,000.00 7,000.00 400,000.00 01/23/20 35,518.66 35,518.66 0.00 5,386,460.76 Transaction Type Sub-Total MATURITY 01/08/20 GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 36962G4J0 250,000.00 0.00 250,000.00 (39,082.50) 0.00 250,000.00 01/08/20 0.00 0.00 (39,082.50) 250,000.00 250,000.00 250,000.00 Transaction Type Sub-Total PAYDOWNS 01/25/20 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 198.16 0.00 198.16 0.00 0.00 198.16 01/01/20 01/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 397.32 0.00 397.32 (7.90) 0.00 397.32 01/01/20 01/25/20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 2,046.33 0.00 2,046.33 0.05 0.00 2,046.33 01/01/20 Page 24 For the Month Ending January 31, 2020Managed 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 PAYDOWNS 01/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 397.32 0.00 397.32 (7.90) 0.00 397.32 01/01/20 01/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 1,986.62 0.00 1,986.62 (39.52) 0.00 1,986.62 01/01/20 0.00 0.00 (55.27) 5,025.75 5,025.75 5,025.75 Transaction Type Sub-Total SELL 01/07/20 US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 2,690,474.61 1,082.93 2,691,557.54 82,501.96 72,833.12 FIFO 2,650,000.00 01/02/20 01/28/20 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 06406FAA1 201,622.00 1,430.56 203,052.56 (3,030.00) 489.96 FIFO 200,000.00 01/21/20 2,513.49 73,323.08 79,471.96 2,894,610.10 2,892,096.61 2,850,000.00 Transaction Type Sub-Total 206,480.64 35,897.02 242,377.66 40,334.19 73,323.08 Managed Account Sub-Total Total Security Transactions $40,334.19 $242,377.66 $35,897.02 $206,480.64 $73,323.08 Page 25 For the Month Ending January 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 109,033.70 Opening Balance 01/06/20 01/06/20 Purchase - Interest 24422ETL3 1.00 3,643.75 112,677.45 01/06/20 01/06/20 Purchase - Interest 24422ETL3 1.00 662.50 113,339.95 01/07/20 01/07/20 Purchase - Interest 912828N30 1.00 1,082.93 114,422.88 01/07/20 01/07/20 Purchase - Principal 912828N30 1.00 2,690,474.61 2,804,897.49 01/07/20 01/07/20 Redemption - Principal 912828XX3 1.00 (2,739,761.72) 65,135.77 01/07/20 01/07/20 Redemption - Interest 912828XX3 1.00 (1,038.46) 64,097.31 01/08/20 01/08/20 Purchase - Interest 36962G4J0 1.00 6,875.00 70,972.31 01/08/20 01/08/20 Purchase - Interest 38141EC23 1.00 7,700.00 78,672.31 01/08/20 01/08/20 Purchase - Principal 36962G4J0 1.00 250,000.00 328,672.31 01/15/20 01/15/20 Purchase - Interest 14041NFU0 1.00 1,146.67 329,818.98 01/15/20 01/15/20 Purchase - Interest 14313FAD1 1.00 912.92 330,731.90 01/15/20 01/15/20 Purchase - Interest 14315EAC4 1.00 980.00 331,711.90 01/15/20 01/15/20 Purchase - Interest 43815AAC6 1.00 987.50 332,699.40 01/16/20 01/16/20 Purchase - Interest 36255JAD6 1.00 755.00 333,454.40 01/16/20 01/16/20 Purchase - Interest 36256XAD4 1.00 668.25 334,122.65 01/21/20 01/21/20 Purchase - Interest 92869BAD4 1.00 880.21 335,002.86 01/21/20 01/21/20 Purchase - Interest 36256GAE9 1.00 756.25 335,759.11 01/21/20 01/21/20 Purchase - Interest 05586CAD6 1.00 840.00 336,599.11 01/23/20 01/23/20 Purchase - Interest 693475AV7 1.00 7,000.00 343,599.11 01/24/20 01/24/20 U.S. Bank Fees November 2019 1.00 (196.98) 343,402.13 01/24/20 01/24/20 IP Fees December 2019 1.00 (2,502.92) 340,899.21 Page 26 For the Month Ending January 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 01/27/20 01/27/20 Purchase - Interest 3137FQ3V3 1.00 250.82 341,150.03 01/27/20 01/27/20 Purchase - Interest 3137FKK39 1.00 323.27 341,473.30 01/27/20 01/27/20 Purchase - Interest 3137BM6P6 1.00 90.13 341,563.43 01/27/20 01/27/20 Purchase - Interest 3137BM6P6 1.00 90.13 341,653.56 01/27/20 01/27/20 Purchase - Interest 3137BM6P6 1.00 412.00 342,065.56 01/27/20 01/27/20 Purchase - Interest 3136B1XP4 1.00 77.75 342,143.31 01/27/20 01/27/20 Purchase - Interest 3136B1XP4 1.00 77.75 342,221.06 01/27/20 01/27/20 Purchase - Interest 3136B1XP4 1.00 388.76 342,609.82 01/27/20 01/27/20 Purchase - Principal 3137FKK39 1.00 198.16 342,807.98 01/27/20 01/27/20 Purchase - Principal 3136B1XP4 1.00 397.32 343,205.30 01/27/20 01/27/20 Purchase - Principal 3136B1XP4 1.00 397.32 343,602.62 01/27/20 01/27/20 Purchase - Principal 3136B1XP4 1.00 1,986.62 345,589.24 01/27/20 01/27/20 Purchase - Principal 3137FQ3V3 1.00 2,046.33 347,635.57 01/28/20 01/28/20 Purchase - Interest 06406FAA1 1.00 1,430.56 349,066.13 01/28/20 01/28/20 Purchase - Principal 06406FAA1 1.00 201,622.00 550,688.13 01/28/20 01/28/20 Redemption - Principal 06406RAL1 1.00 (200,880.00) 349,808.13 01/28/20 01/28/20 Redemption - Interest 06406RAL1 1.00 (1,096.67) 348,711.46 01/31/20 02/03/20 Accrual Income Div Reinvestment - Distributions 1.00 428.11 349,139.57 Page 27 For the Month Ending January 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate 349,139.57 349,139.57 349,139.57 284,162.23 428.11 0.00 (2,945,476.75) 3,185,582.62 109,033.70 428.11 349,139.57 0.00 (2,945,476.75) 3,185,582.62 109,033.70 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 January January-January 1.78% Page 28 Client Management Team Sarah Meacham, Managing Director Richard Babbe, CCM, Senior Managing Consultant 601 South Figueroa, Suite 4500 Los Angeles, CA 90017 213-489-4075 PFM Asset Management LLC 213 Market Street Harrisburg, PA 17101-2141 717-232-2723 Investment Performance Review For the Quarter Ended December 31, 2019 CITY OF LAKE ELSINORE Market Update QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2019 Fixed Income Management SUMMARY •In Q4, U.S. economic conditions were characterized by: (1) moderate economic growth; (2)robust job growth and elevated consumer confidence; (3) strong housing market but mixed manufacturing activity; (4) growing risks to the economic outlook, including re- escalation of trade conflicts, fallout from impeachment proceedings and the 2020 U.S. presidential election, and deteriorating business confidence and investment, and; (5) geopolitical risks taking center stage. •After delivering two rate cuts in Q3, the Fed cut the overnight fed funds target rate again in October to the new range of 1.50% to 1.75%. The dynamics supporting the rate cuts were similar to those cited for the first two, including weakness in global growth, ongoing trade uncertainty and muted inflation. The Fed is expected to hold their target range steady over the near term absent a “material reassessment of their outlook.” •Bond yields ended the year down markedly across the curve, boosting fixed income returns. In Q4 the yield curve steepened modestly, which was generally attributed to an improved economic outlook and a decline in uncertainties plaguing investors. U.S. equity markets continued to rally to new record highs. The S&P 500 Index returned 9.1% for Q4 and 31.5% for the year. ECONOMIC SNAPSHOT •The U.S. economy grew a moderate 2.1% in Q3. The reading highlighted continued reliance on the American consumer as consumer spending, which was 2%, accounted for nearly all of the growth. Government spending and residential housing were also positive contributors, while business investment was a detractor, marking the first back- to-back contraction in business investment of more than 1% since 2009. •The U.S. labor market continued to grow at a solid pace in the final quarter of the year. The U.S. economy added an average of 180,000 jobs in Q4, bringing the 2019 monthly average to 177,000 which fell short of the 223,000 average of monthly gains in 2018. The unemployment rate held steady at a 50-year low of 3.5% to round out the year. •Inflation remains muted, showing no indication of substantial upward price pressure heading into Q1. Year-over-year growth in the core Consumer Price Index reached 2.3% in December, while the Fed’s preferred inflation gauge, the core Personal Consumption Expenditure price index, dropped to 1.5% on a yearly basis in November, which is well below the Fed’s 2% target. Price pressures on services were stable in Q4, while price pressures on goods drifted lower amid a de-escalation of trade tensions. •U.S. manufacturing activity was mixed in the fourth quarter. The ISM manufacturing PMI survey remained in contractionary territory during the quarter and fell to its lowest level since 2009 in December. A similar measure of manufacturing activity by Markit diverged, recovering from the slowdown in Q3 and remaining in expansionary territory in Q4. Each index tells a slightly different story as the result of a difference in methodology, as ISM data surveys large multinational companies, leaving it more exposed to U.S. and China trade tensions that have weighed on confidence and business decisions. •Housing fundamentals remained strong in Q4. New home sales made solid gains in November, marking the best three months of growth since 2007, a sign of housing market momentum amid low interest rates and steady economic growth. INTEREST RATES •After falling for four consecutive quarters, the U.S. Treasury yield curve twisted around the 3-year inflection point in Q4. Shorter-term rates declined up to 0.40% and longer- term rates rose as much as 0.30%. This steepening effect is evidenced by the spread between the 3-month and 10-year Treasuries, which began the quarter at -14 bps and finished the quarter at +11 bps. •At quarter-end, the yield on a 3-month Treasury bill stood at 1.55%, the 2-year note was 1.57%, the 5-year note was 1.69%, the 10-year note was 1.92%, and the 30-year Treasury ended the year at 2.39%. •Shorter-duration portfolios benefited from the decline in yields in the short-end of the curve, while longer-duration portfolios were negatively impacted by the rise in long-term rates. The 3-month Treasury bill index generated 0.46% of total return for the quarter, while 10-year and 30-year Treasuries returned -1.77% and -4.93%, respectively. •With the expectations for the Fed now on hold, ultra-short rates stabilized and settled into an equilibrium by year end. Investors found incremental value in short-term credit opportunities in Q4 as yield spreads on commercial paper and bank CDs widened to attractive levels, helping to offset a portion of recent declines in money market yields. SECTOR PERFORMANCE •Broad portfolio diversification was additive to portfolio performance in Q4. Lower quality corporates and mortgage-backed securities (MBS) led the pack and drove positive performance as spreads generally tightened across the board. •Federal agency and supranational returns were muted as spread levels remained near historic tights and scarce supply largely limited value, capping both sectors’ excess returns. The slight incremental income relative to Treasuries helped buoy relative performance as each sector generally traded in a tight range. •Corporate bonds performed top-of-class again as yield spreads broke prior 2019 lows and challenged post-recession tights. As a result, investment-grade corporates generated attractive excess returns for Q4 with longer duration and lower quality issuers once again outperforming their shorter- and higher-quality counterparts. •Asset-backed securities were one of the few investment grade fixed income sectors that detracted from portfolio performance as excess returns in the sector were generally negative in Q4. The adverse impact of spreads rebounding off of prior multi-year lows weighed on the sector. Despite slightly negative excess returns, incremental income in the sector offset a majority of the negative impact of spreads drifting wider. •Following a volatile Q3, MBS saw a retracement of volatility and spreads. As a result, most coupon and collateral structures generated strong absolute and relative performance. After leading the pack for most of 2019, performance of agency-backed commercial MBS lagged its peers in Q4. •In the municipal sector, taxable issuance volume remained elevated but so too did investor appetite. As a result, the sector generated positive excess returns which helped buoy portfolio performance, especially for government-focused strategies. PFM Asset Management LLC 1 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2019 Fixed Income Management Economic Snapshot Labor Market Sep '19 Dec '18 Unemployment Rate Dec '19 3.5%3.5%3.9% Change In Non-Farm Payrolls Dec '19 145,000 193,000 227,000 Average Hourly Earnings (YoY)Dec '19 2.9%3.0%3.3% Personal Income (YoY)Nov '19 4.9%4.6%5.0% Initial Jobless Claims (week)1/11/20 204,000 220,000 231,000 Growth Real GDP (QoQ SAAR)2019Q3 2.1%2.0%2.9% GDP Personal Consumption (QoQ SAAR) 2019Q3 3.2%4.6%3.5% Retail Sales (YoY)Dec '19 5.8%4.0%1.5% ISM Manufacturing Survey (month)Dec '19 47.2 47.8 54.3 Existing Home Sales SAAR (month) Dec '19 5.54 mil. 5.36 mil. 5.00 mil. Inflation / Prices Personal Consumption Expenditures (YoY) Nov '19 1.5%1.3%1.8% Consumer Price Index (YoY)Dec '19 2.3%1.7%1.9% Consumer Price Index Core (YoY)Dec '19 2.3%2.4%2.2% Crude Oil Futures (WTI, per barrel)Dec 31 $61.06 $54.07 $45.41 Gold Futures (oz.)Dec 31 $1,523 $1,466 $1,281 Latest 0 150K 300K 450K 3% 4% 5% Dec '16 Jun '17 Dec '17 Jun '18 Dec '18 Jun '19 Dec '19 Unemployment Rate (left) vs. Change in Non-farm Payrolls (right) Change In Non-Farm Payrolls Unemployment Rate 0% 2% 4% Sep '16 Mar '17 Sep '17 Mar '18 Sep '18 Mar '19 Sep '19 Real GDP (QoQ) 0% 1% 2% 3% 4% Dec '16 Jun '17 Dec '17 Jun '18 Dec '18 Jun '19 Dec '19 Consumer Price Index CPI (YoY)Core CPI (YoY) 2 2 1 1 1. Data as of Second Quarter 2019. 2. Data as of Third Quarter 2018. Note: YoY = year-over-year, QoQ = quarter-over-quarter, SAAR = seasonally adjusted annual rate, WTI = West Texas Intermediate crude oil. Source: Bloomberg. PFM Asset Management LLC 2 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2019 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 12/31/19 0% 1% 2% 3% 4%3-mo1-yr2-yr3-yr5-yr7-yr10-yr30-yrYieldMaturity December 31, 2019 September 30, 2019 December 31, 2018 0% 1% 2% 3% 4%3-mo1-yr2-yr3-yr5-yr07-yr10-yr25-yr30-yrYieldMaturity U.S. Treasury Federal Agency Corporates, A Rated 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 12/31/18 3/31/19 6/30/19 9/30/19 12/31/19Yield 2-Year 5-Year 10-Year Maturity Dec '19 Sep '19 Change over Quarter Dec '18 Change over Year 3-Month 1.55% 1.82% (0.27%)2.36% (0.81%) 1-Year 1.58% 1.76% (0.18%)2.60% (1.02%) 2-Year 1.57% 1.62% (0.05%)2.49% (0.92%) 5-Year 1.69% 1.55% 0.14% 2.51% (0.82%) 10-Year 1.92% 1.67% 0.25% 2.69% (0.77%) 30-Year 2.39% 2.11% 0.28% 3.02% (0.63%) PFM Asset Management LLC 3 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2019 Fixed Income Management Source: ICE BofAML Indices. December 31, 2019 Duration Yield 3 Month 1 Year 3 Years 1-3 Year Indices U.S. Treasury 1.86 1.60% 0.51% 3.55% 1.84% Federal Agency 1.57 1.62% 0.55% 3.48% 1.96% U.S. Corporates, A-AAA rated 1.81 1.96% 0.79% 4.99% 2.75% Agency MBS (0 to 3 years)3.44 2.43% 0.77% 6.10% 3.05% Taxable Municipals 1.60 1.89% 0.61% 4.66% 3.04% 1-5 Year Indices U.S. Treasury 2.60 1.62% 0.35% 4.20% 2.11% Federal Agency 2.06 1.63% 0.47% 3.78% 2.11% U.S. Corporates, A-AAA rated 2.59 2.06% 0.81% 6.33% 3.22% Agency MBS (0 to 5 years)2.15 2.40% 0.59% 5.83% 2.77% Taxable Municipals 2.08 2.20% 0.59% 5.10% 3.13% Master Indices (Maturities 1 Year or Greater) U.S. Treasury 6.70 1.82%(0.89%)6.99% 3.37% Federal Agency 4.26 1.84%(0.13%)5.87% 3.11% U.S. Corporates, A-AAA rated 7.75 2.60% 0.62% 12.58% 5.36% Agency MBS (0 to 30 years)3.53 2.55% 0.66% 6.51% 3.29% Taxable Municipals 11.02 3.21%(1.58%)13.69% 7.38% As of 12/31/19 Returns for Periods ended 12/31/19 Returns for periods greater than one year are annualized. PFM Asset Management LLC ICE BofAML Index Returns 4 QUARTERLY MARKET SUMMARY For the Quarter Ended December 31, 2019 Fixed Income Management DISCLOSURES PFM is the marketing name for a group of affiliated companies providing a range of services. All services are provided through separate agreements with each company. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation. Investment advisory services are provided by PFM Asset Management LLC, which is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request. For more information regarding PFM’s services or entities, please visit www.pfm.com. The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC 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, 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 recommendation. The information contained in this report is not an offer to purchase or sell any securities. © 2019 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. PFM Asset Management LLC 5 Investment Strategy& Portfolio Review PFM Asset Management LLC CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Recap Portfolio Review Our strategy throughout the fourth quarter included the following elements: •Following three consecutive Fed rate cuts, we continued to maintain the portfolio's duration towards its benchmarks for the quarter as market expectations called for stable rates well into 2020. •We maintained broad diversification across all permitted fixed income sectors. Although most sector spread levels were on the tighter end of their recent trading history, the incremental income was generally additive to performance in a range- bound interest rate environment in the fourth quarter. •We continued to de-emphasize agencies and supranationals, generally reducing allocations in favor of other sectors. Value in federal agency and supranational issuers remained extremely limited, largely on scarce supply. Spreads remained near historically tight levels, capping both sectors’ excess returns in the fourth quarter. In some instances, agencies were trading at yields less than similar-maturity Treasuries. We also largely avoided callable agencies during the quarter as early redemption risk remained elevated. •Corporate bonds performed top-of-class once again as yield spreads tightened to their lowest in 2019 and approached post- recession lows. As a result, investment-grade (IG) corporates generated attractive excess returns for the fourth quarter, with lower-quality issuers once again outperforming those of higher quality. Year-to-date excess returns from IG corporates were fantastic, generating 100 to 200 basis points (1% to 2%) of incremental return relative to similar duration Treasuries. Our corporate sector strategy during the fourth quarter included opportunistic selling, booking profits on the most expensive issues and modestly de-risking portfolios as spreads moved to very narrow levels. •We added to the portfolio's asset-backed security (ABS) allocation as new issue additions were slightly offset by paydowns. Excess returns were muted as incremental income offset the impact of spread widening.. •Following a volatile third quarter in which we opportunistically added to mortgage-backed security (MBS) allocations, the fourth quarter saw a retracement of both volatility and spreads. As a result, the prior-period purchases were a boon for portfolio performance as MBS generated relatively attractive excess returns in the quarter. •In the municipal sector, taxable issuance volume remained elevated. New issue yield concessions provided good value for portfolios compared to other government alternatives and even some high-grade corporates. Excess returns from the sector helped buoy portfolio performance, especially for government-focused strategies. •Short-term investors found opportunities from wider spreads on money market credit investments ( negotiable bank CDs). Increased allocations to these sectors at attractive levels helped cushion the impact of the Fed’s lower overnight target rate. 6 PFM Asset Management LLC For the Quarter Ended December 31, 2019 CITY OF LAKE ELSINORE Portfolio Compliance The portfolio is in compliance with the City's Investment Policy and the California Government Code. Sector Allocation & Compliance Market values, excluding accrued interest. Detail may not add to total due to rounding. Current investment policy as of June 2018. Security Type Market Value % of Portfolio % Change vs. 9/30/19 Permitted by Policy In Compliance U.S. Treasury $14,381,403 46.5%-1.8%100% Federal Agency $0 0.0%-1.3%100% Federal Agency/CMO $675,251 2.2%+0.7%100% Supranationals $728,351 2.4%-1.6%30% Municipal $99,828 0.3%+0.3%30% Negotiable CDs $4,768,316 15.4%+3.7%30% Corporate Notes $6,778,249 21.9%-2.8%30% Asset-Backed $3,381,113 10.9%+2.6%20% Securities Sub-Total $30,812,509 99.6% Accrued Interest $115,786 Securities Total $30,928,295 CAMP Cash Reserve Portfolio $109,034 0.4%+0.2%100% Total Investments $31,037,328 100.0% 7 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Snapshot Portfolio Statistics As of December 31, 2019 $30,665,494 $31,037,328 $30,812,509 $115,786 - Accrued Interest: Cash: Par Value: Total Market Value: Security Market Value: CAMP $109,034 $30,558,470 1.81% 2.40% AAAverage Credit: * Yield at Cost: Amortized Cost: Yield at Market: Effective Duration:2.46 Years Duration to Worst:2.47 Years Average Maturity:2.80 Years Credit Quality (S&P Ratings)** 9.1% A 6.8% A- 3.6% A+ 4.4% A-1 7.5% A-1+ 2.7% AA- 48.7% AA+ 12.4% AAA 0.3% AAAm 3.5% BBB+ 0.9% Not Rated 0% 10% 20% 30% 40% 50% 60% 0 - 1 Year 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years > 5 Years 14.3%14.7% 5.4% 51.3% 14.3% 0.0% Maturity Distribution Sector Allocation 10.9% Asset-Backed 15.4% Certificate of Deposit 21.9% Corporate 2.2% Federal Agency/CMO 0.4% Mny Mkt Fund / Pool 0.3% Municipal 2.4% Supra-Sov / Supra-Natl Agency 46.5% U.S. Treasury PFM Asset Management LLC * An average of each security’s credit rating assigned a numeric value and adjusted for its relative weighting in the portfolio. ** Securities held in the CIty's portfolio are in compliance with California Government Code and the City's Investment Policy dated June 2018. 8 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Composition Sector Allocation December 31, 2019 September 30, 2019 June 30, 2019 March 31, 2019 % of TotalMV ($MM)Sector % of Total% of Total% of Total MV ($MM)MV ($MM)MV ($MM) U.S. Treasury 14.4 46.5% 19.6 48.3% 20.2 50.2% 19.1 48.2% Corporate 6.8 21.9% 10.1 24.7% 9.6 23.8% 10.1 25.4% Certificate of Deposit 4.8 15.4% 4.8 11.7% 4.4 10.8% 4.3 11.0% Asset-Backed 3.4 10.9% 3.4 8.3% 2.6 6.4% 2.6 6.5% Supra-Sov / Supra-Natl Agency 0.7 2.4% 1.6 4.0% 1.6 4.0% 1.6 4.0% Federal Agency/CMO 0.7 2.2% 0.6 1.5% 0.6 1.6% 0.6 1.6% Mny Mkt Fund / Pool 0.1 0.4% 0.1 0.2% 0.1 0.2% 0.1 0.3% Municipal 0.1 0.3% 0.0 0.0% 0.0 0.0% 0.0 0.0% Federal Agency/GSE 0.0 0.0% 0.5 1.3% 1.2 3.0% 1.2 3.0% $30.9 100.0%$40.7 100.0%$40.3 100.0%$39.6 100.0%Total 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% December 2019 September 2019 June 2019 March 2019 Federal Agency/GSE Municipal Mny Mkt Fund / Pool Federal Agency/CMO Supra-Sov / Supra-Natl Agency Asset-Backed Certificate of Deposit Corporate U.S. Treasury PFM Asset Management LLC Detail may not add to total due to rounding. 9 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Composition Maturity Distribution As of December 31, 2019 >5 Years 4-5 Years 3-4 Years 2-3 Years 1-2 Years 0-1 Years Yield at MarketPortfolio/Benchmark Average Maturity 1.81% 14.3% 14.7% 5.4% 51.3% 14.3% 0.0%2.80 yrsCITY OF LAKE ELSINORE ICE BofAML 1-5 Year U.S. Treasury Index 1.62% 1.7% 34.1% 26.5% 19.6% 18.1% 0.0%2.72 yrs 0% 10% 20% 30% 40% 50% 60% 0-1 Years 1-2 Years 2-3 Years 3-4 Years 4-5 Years > 5 Years 14.3%14.7% 5.4% 51.3% 14.3% 0.0%1.7% 34.1% 26.5% 19.6%18.1% 0.0% CITY OF LAKE ELSINORE ICE BofAML 1-5 Year U.S. Treasury Index PFM Asset Management LLC 10 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Performance Portfolio Performance (Total Return) Effective DurationPortfolio/Benchmark Annualized Return 10 Year1 Year 3 Year 5 Year Since Inception (09/30/10) ** Current Quarter 2.46 0.46%-4.69%2.47%1.99%1.73%CITY OF LAKE ELSINORE ICE BofAML 1-5 Year U.S. Treasury Index 2.55 0.35%-4.20%2.11%1.68%1.40% Difference 0.49% 0.11%0.36%0.31%-0.33% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% Current Quarter 1 Year 3 Year 5 Year 10 Year Since Inception 0.46% 4.69% 2.47% 1.99% 1.73% 0.35% 4.20% 2.11% 1.68% 1.40%Total ReturnCITY OF LAKE ELSINORE ICE BofAML 1-5 Year U.S. Treasury Index PFM Asset Management LLC Portfolio performance is gross of fees unless otherwise indicated. **Since Inception performance is not shown for periods less than one year. 11 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Performance Portfolio Earnings Quarter-Ended December 31, 2019 Market Value Basis Accrual (Amortized Cost) Basis Net Purchases/Sales Change in Value Interest Earned $40,659,530.05 ($9,704,314.34) ($33,672.85) $196,869.73 $163,196.88 $30,921,542.86 $39,985,847.52 ($9,704,314.34) $276,936.88 $196,869.73 $473,806.61 $30,558,470.06 Portfolio Earnings Beginning Value (09/30/2019) Ending Value (12/31/2019) PFM Asset Management LLC 12 PFM Asset Management LLC CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Investment Strategy Outlook We expect the Fed to remain on hold for an extended period and rates to remain mostly range-bound in the near term. As a result, we plan to continue a duration-neutral strategy relative to benchmarks. Our outlook for the major investment-grade fixed income sectors is as follows: •Federal agency yield spreads remain very tight after trading in a close range for most of 2019. We do not expect this to change. We continue to favor further reductions in agency holdings as their benefit and upside are limited. •In the supranational sector, we are positioned to take advantage of any seasonal uptick in new issuance, if yield spreads represent fair value relative to other government sector alternatives. But we plan to remain on the sidelines until such opportunities are available. •In the IG corporate sector, we plan to continue to modestly reduce allocations and target a modestly higher average credit quality. Although the credit markets are benefiting from stable fundamentals, positive earnings growth, and strong demand, yield spreads have recently approached post-recession lows, making them less attractive. •Yield spreads on AAA-rated asset backed securities (ABS) gradually ascended off multi-year lows to close 2019. In some instances, ABS spreads are now wider than those on some high-grade corporate bonds. As a result, we view the ABS sector as a strong alternative to corporates. •A seasonal slowdown and a more stable rate environment are expected to restrain mortgage-backed securities (MBS) prepayments, improving their risk-adjusted return prospects. Although we continue to favor structures that are less sensitive to interest rate movements, like commercial MBS (CMBS) and well-seasoned mortgage pools, the spread environment across structures and coupons make the sector more broadly attractive for longer-term allocations. •We expect the recent surge of municipal issuance to continue in the near term, albeit at more moderate levels assuming the Fed maintains its patient stance and the interest rate environment remains steady. We plan to monitor the sector for instances where yield concessions offer attractive value relative to other government securities. •In the money market space, a positively sloped yield curve and wide spreads have created opportunities for incremental earnings potential. Outlook 13 Issuer Distribution CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Composition Issuer Distribution As of December 31, 2019 Market Value ($)% of PortfolioIssuer UNITED STATES TREASURY 14,381,403 46.5% SWEDBANK AB 802,185 2.6% CAPITAL ONE FINANCIAL CORP 797,544 2.6% NORDEA BANK AB 776,180 2.5% WESTPAC BANKING CORP 741,736 2.4% CARMAX AUTO OWNER TRUST 712,021 2.3% JP MORGAN CHASE & CO 691,097 2.2% ROYAL BANK OF CANADA 689,961 2.2% BANK OF MONTREAL 674,556 2.2% GM FINANCIAL SECURITIZED TERM 577,390 1.9% FREDDIE MAC 492,892 1.6% MORGAN STANLEY 425,231 1.4% GOLDMAN SACHS GROUP INC 423,079 1.4% PNC FINANCIAL SERVICES GROUP 421,280 1.4% NATIONAL RURAL UTILITIES CO FINANCE CORP 404,502 1.3% AMERICAN HONDA FINANCE 404,477 1.3% INTERNATIONAL FINANCE CORPORATION 403,282 1.3% BANK OF AMERICA CO 403,108 1.3%Top 5 = 56.6%Top 10 = 67.4% PFM Asset Management LLC 14 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Composition Market Value ($)% of PortfolioIssuer THE BANK OF NEW YORK MELLON CORPORATION 402,766 1.3% SKANDINAVISKA ENSKILDA BANKEN AB 400,756 1.3% THE WALT DISNEY CORPORATION 396,965 1.3% BANK OF NOVA SCOTIA 382,333 1.2% HONDA AUTO RECEIVABLES 381,160 1.2% DEERE & COMPANY 355,455 1.2% VOLKSWAGEN OF AMERICA 330,064 1.1% BB&T CORPORATION 325,776 1.1% INTL BANK OF RECONSTRUCTION AND DEV 325,068 1.1% BMW FINANCIAL SERVICES NA LLC 304,371 1.0% UNILEVER PLC 303,599 1.0% IBM CORP 302,746 1.0% UBS AG 300,609 1.0% PEPSICO INC 280,799 0.9% GM FINANCIAL AUTO LEASING TRUST 278,562 0.9% GENERAL ELECTRIC CO 250,090 0.8% CHARLES SCHWAB 239,584 0.8% AMERICAN EXPRESS CO 200,964 0.7% FANNIE MAE 182,358 0.6% HERSHEY COMPANY 177,963 0.6% PACCAR FINANCIAL CORP 142,452 0.5% PFM Asset Management LLC 15 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Composition Market Value ($)% of PortfolioIssuer STATE STREET CORPORATION 125,259 0.4% CAMP POOL 109,034 0.4% CHAFFEY CA JT UNION HS DIST 99,828 0.3% TOYOTA MOTOR CORP 50,754 0.2% WELLS FARGO & COMPANY 50,305 0.2% 30,921,543 100.0%Grand Total: PFM Asset Management LLC 16 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Activity Quarterly Portfolio Transactions Security DescriptionCUSIPPar ($) Settle Date Trade Date Tran. Type Maturity Date Transact Amt ($)Yield Realized G/L (BV)Coupon 10/1/19 10/1/19 35,000.00 06051GGS2 BANK OF AMERICA CORP (CALLABLE)INTEREST 10/1/21 407.40 2.32% 10/1/19 10/1/19 35,000.00 06051GGS2 BANK OF AMERICA CORP (CALLABLE)INTEREST 10/1/21 407.40 2.32% 10/1/19 10/1/19 200,000.00 06051GGS2 BANK OF AMERICA CORP (CALLABLE)INTEREST 10/1/21 2,328.00 2.32% 10/1/19 10/1/19 675,000.00 46647PBB1 JPMORGAN CHASE & CO BONDSINTEREST 4/1/23 11,364.81 3.20% 10/1/19 10/25/19 141,146.51 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 427.85 3.56% 10/1/19 10/25/19 35,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 90.13 3.09% 10/1/19 10/25/19 28,229.31 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 85.57 3.56% 10/1/19 10/25/19 35,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 90.13 3.09% 10/1/19 10/25/19 169,568.62 3137FKK39 FHMS KP05 AINTEREST 7/1/23 452.61 3.20% 10/1/19 10/25/19 28,229.31 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 85.57 3.56% 10/1/19 10/25/19 160,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 412.00 3.09% 10/1/19 10/25/19 4,762.34 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 4,762.34 0.00 3.56% 10/1/19 10/25/19 952.47 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 952.47 0.00 3.56% 10/1/19 10/25/19 952.47 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 952.47 0.00 3.56% 10/1/19 10/25/19 39,136.73 3137FKK39 FHMS KP05 APAYDOWNS 7/1/23 39,136.73 0.00 3.20% 10/2/19 10/4/19 1,000,000.00 912828T91 US TREASURY NOTESBUY 10/31/23 (1,012,674.93) 1.48%1.62% 10/2/19 10/4/19 400,000.00 459058GH0 INTL BANK OF RECONSTRUCTION AND DEV NOTE SELL 7/23/21 410,313.44 1.60% 8,716.92 2.75% 10/2/19 10/4/19 125,000.00 3130A8QS5 FHLB GLOBAL NOTESELL 7/14/21 124,325.00 1.58%(711.70)1.12% 10/2/19 10/4/19 400,000.00 3130A8QS5 FHLB GLOBAL NOTESELL 7/14/21 397,840.00 1.58%(2,277.45)1.12% 10/7/19 10/9/19 50,000.00 594918BV5 MICROSOFT CORP NOTESSELL 2/6/20 50,143.38 1.96%(14.79)1.85% PFM Asset Management LLC 17 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Activity Security DescriptionCUSIPPar ($) Settle Date Trade Date Tran. Type Maturity Date Transact Amt ($)Yield Realized G/L (BV)Coupon 10/7/19 10/9/19 25,000.00 437076BQ4 HOME DEPOT INC CORP NOTESSELL 6/5/20 25,140.50 1.89%(11.27)1.80% 10/7/19 10/9/19 50,000.00 594918BV5 MICROSOFT CORP NOTESSELL 2/6/20 50,143.37 1.96%(14.79)1.85% 10/7/19 10/9/19 75,000.00 89236TDU6 TOYOTA MOTOR CREDIT CORPSELL 4/17/20 75,729.50 1.87% 36.90 1.95% 10/7/19 10/9/19 200,000.00 89236TCF0 TOYOTA MOTOR CORP NOTESSELL 3/12/20 200,482.50 1.96% 0.99 2.15% 10/7/19 10/9/19 25,000.00 437076BQ4 HOME DEPOT INC CORP NOTESSELL 6/5/20 25,140.50 1.89%(11.27)1.80% 10/7/19 10/9/19 60,000.00 4581X0DB1 INTER-AMERICAN DEVELOPMENT BANK NOTESELL 4/19/21 61,668.95 1.60% 993.74 2.62% 10/7/19 10/9/19 100,000.00 037833DJ6 APPLE INC CORP NOTESSELL 11/13/20 101,128.11 1.71% 348.22 2.00% 10/7/19 10/9/19 75,000.00 931142EA7 WAL-MART STORES INC CORP NOTESELL 12/15/20 75,683.75 1.63% 274.36 1.90% 10/7/19 10/9/19 225,000.00 89236TDU6 TOYOTA MOTOR CREDIT CORPSELL 4/17/20 227,188.50 1.87% 110.70 1.95% 10/7/19 10/9/19 300,000.00 931142EA7 WAL-MART STORES INC CORP NOTESELL 12/15/20 302,735.00 1.63% 1,097.43 1.90% 10/7/19 10/9/19 225,000.00 14913Q2A6 CATERPILLAR FINL SERVICE NOTESELL 9/4/20 225,184.19 1.96%(162.32)1.85% 10/7/19 10/9/19 50,000.00 037833DJ6 APPLE INC CORP NOTESSELL 11/13/20 50,564.05 1.71% 174.11 2.00% 10/7/19 10/9/19 50,000.00 037833DJ6 APPLE INC CORP NOTESSELL 11/13/20 50,564.06 1.71% 174.11 2.00% 10/7/19 10/9/19 800,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 823,353.26 1.38% 40,166.79 2.12% 10/7/19 10/9/19 40,000.00 14913Q2A6 CATERPILLAR FINL SERVICE NOTESELL 9/4/20 40,032.75 1.96%(28.86)1.85% 10/7/19 10/9/19 95,000.00 912828T67 US TREASURY NOTESSELL 10/31/21 95,129.40 1.45% 744.10 1.25% 10/7/19 10/9/19 60,000.00 4581X0DB1 INTER-AMERICAN DEVELOPMENT BANK NOTESELL 4/19/21 61,668.95 1.60% 993.74 2.62% 10/7/19 10/9/19 150,000.00 437076BQ4 HOME DEPOT INC CORP NOTESSELL 6/5/20 150,843.00 1.89%(67.60)1.80% 10/7/19 10/9/19 450,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 463,136.21 1.38% 20,574.87 2.12% 10/7/19 10/9/19 350,000.00 4581X0DB1 INTER-AMERICAN DEVELOPMENT BANK NOTESELL 4/19/21 359,735.54 1.60% 5,796.83 2.62% 10/7/19 10/9/19 300,000.00 594918BV5 MICROSOFT CORP NOTESSELL 2/6/20 300,860.25 1.96%(88.71)1.85% 10/7/19 10/9/19 1,150,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 1,183,570.31 1.38% 49,794.89 2.12% PFM Asset Management LLC 18 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Activity Security DescriptionCUSIPPar ($) Settle Date Trade Date Tran. Type Maturity Date Transact Amt ($)Yield Realized G/L (BV)Coupon 10/7/19 10/9/19 40,000.00 14913Q2A6 CATERPILLAR FINL SERVICE NOTESELL 9/4/20 40,032.74 1.96%(28.86)1.85% 10/13/19 10/13/19 50,000.00 89236TEU5 TOYOTA MOTOR CREDIT CORP NOTESINTEREST 4/13/21 737.50 2.95% 10/15/19 10/15/19 800,000.00 14041NFU0 COMET 2019-A2 A2INTEREST 8/15/24 1,528.89 1.72% 10/15/19 10/15/19 300,000.00 06406FAA1 BANK OF NEW YORK MELLON CORP (CALLABLE)INTEREST 4/15/21 3,750.00 2.50% 10/15/19 10/15/19 40,000.00 713448DX3 PEPSICO INC CORP (CALLABLE) NOTEINTEREST 4/15/21 400.00 2.00% 10/15/19 10/15/19 50,000.00 06406FAA1 BANK OF NEW YORK MELLON CORP (CALLABLE)INTEREST 4/15/21 625.00 2.50% 10/15/19 10/15/19 40,000.00 713448DX3 PEPSICO INC CORP (CALLABLE) NOTEINTEREST 4/15/21 400.00 2.00% 10/15/19 10/15/19 200,000.00 713448DX3 PEPSICO INC CORP (CALLABLE) NOTEINTEREST 4/15/21 2,000.00 2.00% 10/15/19 10/15/19 350,000.00 14313FAD1 CARMAX AUTO OWNER TRUSTINTEREST 6/15/23 912.92 3.13% 10/15/19 10/15/19 350,000.00 14315EAC4 CARMAX AUTO OWNER TRUSTINTEREST 9/15/23 980.00 3.36% 10/15/19 10/15/19 50,000.00 06406FAA1 BANK OF NEW YORK MELLON CORP (CALLABLE)INTEREST 4/15/21 625.00 2.50% 10/15/19 10/15/19 375,000.00 43815AAC6 HAROT 2018-4 A3INTEREST 1/15/23 987.50 3.16% 10/16/19 10/16/19 270,000.00 36256XAD4 GMCAR 2019-1 A3INTEREST 11/16/23 668.25 2.97% 10/16/19 10/16/19 300,000.00 36255JAD6 GMCAR 2018-3 A3INTEREST 5/16/23 755.00 3.02% 10/19/19 10/19/19 25,000.00 06051GFW4 BANK OF AMERICA CORP NOTEINTEREST 4/19/21 328.13 2.62% 10/20/19 10/20/19 275,000.00 36256GAE9 GMALT 2018-3 A4INTEREST 7/20/22 756.25 3.30% 10/20/19 10/20/19 300,000.00 05586CAD6 BMWLT 2018-1 A4INTEREST 3/20/22 840.00 3.36% 10/20/19 10/20/19 325,000.00 92869BAD4 VALET 2018-2 A3INTEREST 4/20/23 880.21 3.25% 10/29/19 10/29/19 400,000.00 61746BDQ6 MORGAN STANLEY CORP NOTESINTEREST 4/29/24 7,750.00 3.87% 10/31/19 10/31/19 1,000,000.00 912828T91 US TREASURY NOTESINTEREST 10/31/23 8,125.00 1.62% 10/31/19 10/31/19 1,650,000.00 912828T91 US TREASURY NOTESINTEREST 10/31/23 13,406.25 1.62% 11/1/19 11/6/19 1,300,000.00 912828XX3 US TREASURY N/B NOTESBUY 6/30/24 (1,335,418.82) 1.55%2.00% PFM Asset Management LLC 19 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Activity Security DescriptionCUSIPPar ($) Settle Date Trade Date Tran. Type Maturity Date Transact Amt ($)Yield Realized G/L (BV)Coupon 11/1/19 11/6/19 50,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 51,290.42 1.53% 1,892.52 2.12% 11/1/19 11/6/19 1,150,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 1,179,679.69 1.53% 34,383.18 2.12% 11/1/19 11/25/19 136,384.17 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 412.14 3.56% 11/1/19 11/25/19 35,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 90.13 3.09% 11/1/19 11/25/19 27,276.84 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 82.43 3.56% 11/1/19 11/25/19 27,276.84 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 82.43 3.56% 11/1/19 11/25/19 35,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 90.12 3.09% 11/1/19 11/25/19 130,431.89 3137FKK39 FHMS KP05 AINTEREST 7/1/23 348.14 3.20% 11/1/19 11/25/19 160,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 412.01 3.09% 11/1/19 11/25/19 2,965.92 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 2,965.92 0.00 3.56% 11/1/19 11/25/19 593.20 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 593.20 0.00 3.56% 11/1/19 11/25/19 593.20 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 593.20 0.00 3.56% 11/1/19 11/25/19 209.70 3137FKK39 FHMS KP05 APAYDOWNS 7/1/23 209.70 0.00 3.20% 11/5/19 11/5/19 200,000.00 0258M0EB1 AMERICAN EXPRESS CREDIT (CALLABLE) NOTESINTEREST 5/5/21 2,250.00 2.25% 11/6/19 12/5/19 100,000.00 157411TK5 CHAFFEY UHSD, CA TXBL GO BONDSBUY 8/1/24 (100,000.00) 2.10%2.10% 11/10/19 11/10/19 25,000.00 05531FAV5 BRANCH BANKING & TRUST (CALLABLE) NOTEINTEREST 5/10/21 256.25 2.05% 11/10/19 11/10/19 100,000.00 69371RP26 PACCAR FINANCIAL CORPINTEREST 5/10/21 1,550.00 3.10% 11/10/19 11/10/19 25,000.00 05531FAV5 BRANCH BANKING & TRUST (CALLABLE) NOTEINTEREST 5/10/21 256.25 2.05% 11/10/19 11/10/19 20,000.00 69371RP26 PACCAR FINANCIAL CORPINTEREST 5/10/21 310.00 3.10% 11/10/19 11/10/19 150,000.00 05531FAV5 BRANCH BANKING & TRUST (CALLABLE) NOTEINTEREST 5/10/21 1,537.50 2.05% 11/10/19 11/10/19 20,000.00 69371RP26 PACCAR FINANCIAL CORPINTEREST 5/10/21 310.00 3.10% 11/13/19 11/13/19 25,000.00 69371RN85 PACCAR FINANCIAL CORP NOTESINTEREST 11/13/20 256.25 2.05% PFM Asset Management LLC 20 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Activity Security DescriptionCUSIPPar ($) Settle Date Trade Date Tran. Type Maturity Date Transact Amt ($)Yield Realized G/L (BV)Coupon 11/13/19 11/13/19 150,000.00 69371RN85 PACCAR FINANCIAL CORP NOTESINTEREST 11/13/20 1,537.50 2.05% 11/13/19 11/13/19 25,000.00 69371RN85 PACCAR FINANCIAL CORP NOTESINTEREST 11/13/20 256.25 2.05% 11/15/19 11/15/19 125,000.00 427866BA5 HERSHEY COMPANY CORP NOTESINTEREST 5/15/21 1,937.50 3.10% 11/15/19 11/15/19 800,000.00 14041NFU0 COMET 2019-A2 A2INTEREST 8/15/24 1,146.66 1.72% 11/15/19 11/15/19 375,000.00 43815AAC6 HAROT 2018-4 A3INTEREST 1/15/23 987.50 3.16% 11/15/19 11/15/19 350,000.00 14313FAD1 CARMAX AUTO OWNER TRUSTINTEREST 6/15/23 912.92 3.13% 11/15/19 11/15/19 25,000.00 427866BA5 HERSHEY COMPANY CORP NOTESINTEREST 5/15/21 387.50 3.10% 11/15/19 11/15/19 25,000.00 427866BA5 HERSHEY COMPANY CORP NOTESINTEREST 5/15/21 387.50 3.10% 11/15/19 11/15/19 350,000.00 14315EAC4 CARMAX AUTO OWNER TRUSTINTEREST 9/15/23 980.00 3.36% 11/16/19 11/16/19 300,000.00 36255JAD6 GMCAR 2018-3 A3INTEREST 5/16/23 755.00 3.02% 11/16/19 11/16/19 270,000.00 36256XAD4 GMCAR 2019-1 A3INTEREST 11/16/23 668.25 2.97% 11/17/19 11/17/19 75,000.00 06051GHH5 BANK OF AMERICA CORP NOTESINTEREST 5/17/22 1,312.12 3.49% 11/17/19 11/17/19 15,000.00 06051GHH5 BANK OF AMERICA CORP NOTESINTEREST 5/17/22 262.43 3.49% 11/17/19 11/17/19 15,000.00 06051GHH5 BANK OF AMERICA CORP NOTESINTEREST 5/17/22 262.43 3.49% 11/18/19 11/18/19 100,000.00 87019U6D6 SWEDBANK (NEW YORK) CERT DEPOSINTEREST 11/16/20 1,172.83 2.27% 11/18/19 11/18/19 600,000.00 87019U6D6 SWEDBANK (NEW YORK) CERT DEPOSINTEREST 11/16/20 7,037.01 2.27% 11/18/19 11/18/19 100,000.00 87019U6D6 SWEDBANK (NEW YORK) CERT DEPOSINTEREST 11/16/20 1,172.83 2.27% 11/19/19 11/19/19 25,000.00 857477AV5 STATE STREET CORP NOTESINTEREST 5/19/21 243.75 1.95% 11/19/19 11/19/19 75,000.00 857477AV5 STATE STREET CORP NOTESINTEREST 5/19/21 731.25 1.95% 11/19/19 11/19/19 25,000.00 857477AV5 STATE STREET CORP NOTESINTEREST 5/19/21 243.75 1.95% 11/20/19 11/20/19 300,000.00 05586CAD6 BMWLT 2018-1 A4INTEREST 3/20/22 840.00 3.36% 11/20/19 11/20/19 325,000.00 92869BAD4 VALET 2018-2 A3INTEREST 4/20/23 880.21 3.25% PFM Asset Management LLC 21 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Activity Security DescriptionCUSIPPar ($) Settle Date Trade Date Tran. Type Maturity Date Transact Amt ($)Yield Realized G/L (BV)Coupon 11/20/19 11/20/19 275,000.00 36256GAE9 GMALT 2018-3 A4INTEREST 7/20/22 756.25 3.30% 11/20/19 11/26/19 135,000.00 3137FQ3V3 FHMS KJ27 A1BUY 7/25/24 (135,192.89) 2.03%2.09% 11/20/19 11/26/19 75,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 76,919.71 1.56% 2,125.52 2.12% 11/21/19 11/21/19 200,000.00 808513AW5 CHARLES SCHWAB CORP NOTESINTEREST 5/21/21 3,250.00 3.25% 11/21/19 11/21/19 35,000.00 808513AW5 CHARLES SCHWAB CORP NOTESINTEREST 5/21/21 568.75 3.25% 11/26/19 11/29/19 25,000.00 69371RN85 PACCAR FINANCIAL CORP NOTESSELL 11/13/20 25,069.77 1.85% 47.73 2.05% 11/26/19 11/29/19 3,125,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 3,203,576.13 1.58% 86,520.68 2.12% 11/26/19 11/29/19 100,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 102,522.25 1.58% 2,907.29 2.12% 11/26/19 11/29/19 30,000.00 0258M0EE5 AMER EXP CREDIT NT (CALLED OMD 03/03/20)SELL 2/3/20 30,164.26 2.10% 9.39 2.20% 11/26/19 11/29/19 50,000.00 172967LF6 CITIGROUP INC (CALLABLE) CORP NOTESELL 1/10/20 50,479.98 2.30% 7.78 2.45% 11/26/19 11/29/19 150,000.00 69371RN85 PACCAR FINANCIAL CORP NOTESSELL 11/13/20 150,418.67 1.85% 286.39 2.05% 11/26/19 11/29/19 25,000.00 69371RN85 PACCAR FINANCIAL CORP NOTESSELL 11/13/20 25,069.78 1.85% 47.73 2.05% 11/26/19 11/29/19 180,000.00 0258M0EE5 AMER EXP CREDIT NT (CALLED OMD 03/03/20)SELL 2/3/20 180,985.60 2.10% 56.35 2.20% 11/26/19 11/29/19 50,000.00 172967LF6 CITIGROUP INC (CALLABLE) CORP NOTESELL 1/10/20 50,479.99 2.30% 7.78 2.45% 11/26/19 11/29/19 300,000.00 172967LF6 CITIGROUP INC (CALLABLE) CORP NOTESELL 1/10/20 302,879.92 2.30% 46.69 2.45% 11/26/19 11/29/19 75,000.00 94974BGF1 WELLS FARGO & CO CORP BONDSSELL 1/30/20 75,551.02 1.99% 7.43 2.15% 11/26/19 11/29/19 425,000.00 912828N30 US TREASURY NOTESSELL 12/31/22 435,686.36 1.58% 12,322.81 2.12% 11/26/19 11/29/19 30,000.00 0258M0EE5 AMER EXP CREDIT NT (CALLED OMD 03/03/20)SELL 2/3/20 30,164.27 2.10% 9.39 2.20% 11/26/19 11/29/19 375,000.00 94974BGF1 WELLS FARGO & CO CORP BONDSSELL 1/30/20 377,755.11 1.99%(3.12)2.15% 11/30/19 11/30/19 3,075,000.00 912828R69 US TREASURY N/B NOTESINTEREST 5/31/23 24,984.37 1.62% 11/30/19 11/30/19 1,100,000.00 912828R69 US TREASURY N/B NOTESINTEREST 5/31/23 8,937.50 1.62% 11/30/19 11/30/19 1,525,000.00 912828R69 US TREASURY N/B NOTESINTEREST 5/31/23 12,390.63 1.62% PFM Asset Management LLC 22 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Activity Security DescriptionCUSIPPar ($) Settle Date Trade Date Tran. Type Maturity Date Transact Amt ($)Yield Realized G/L (BV)Coupon 11/30/19 11/30/19 2,000,000.00 912828R69 US TREASURY N/B NOTESINTEREST 5/31/23 16,250.00 1.62% 12/1/19 12/25/19 35,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 90.12 3.09% 12/1/19 12/25/19 135,000.00 3137FQ3V3 FHMS KJ27 A1INTEREST 7/25/24 235.35 2.09% 12/1/19 12/25/19 133,418.25 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 401.72 3.56% 12/1/19 12/25/19 160,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 412.01 3.09% 12/1/19 12/25/19 130,222.19 3137FKK39 FHMS KP05 AINTEREST 7/1/23 347.58 3.20% 12/1/19 12/25/19 26,683.64 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 80.35 3.56% 12/1/19 12/25/19 35,000.00 3137BM6P6 FHLMC SERIES K721 A2INTEREST 8/25/22 90.13 3.09% 12/1/19 12/25/19 26,683.64 3136B1XP4 FNA 2018-M5 A2INTEREST 9/25/21 80.34 3.56% 12/1/19 12/25/19 889.52 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 889.52 0.00 3.56% 12/1/19 12/25/19 889.52 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 889.52 0.00 3.56% 12/1/19 12/25/19 212.19 3137FQ3V3 FHMS KJ27 A1PAYDOWNS 7/25/24 212.19 0.00 2.09% 12/1/19 12/25/19 9,108.13 3137FKK39 FHMS KP05 APAYDOWNS 7/1/23 9,108.13 0.00 3.20% 12/1/19 12/25/19 4,447.60 3136B1XP4 FNA 2018-M5 A2PAYDOWNS 9/25/21 4,447.60 0.00 3.56% 12/5/19 12/5/19 30,000.00 06417GU22 BANK OF NOVA SCOTIA HOUSTON CDINTEREST 6/5/20 462.00 3.08% 12/5/19 12/5/19 300,000.00 06417GU22 BANK OF NOVA SCOTIA HOUSTON CDINTEREST 6/5/20 4,620.00 3.08% 12/5/19 12/5/19 50,000.00 06417GU22 BANK OF NOVA SCOTIA HOUSTON CDINTEREST 6/5/20 770.00 3.08% 12/7/19 12/7/19 50,000.00 94974BGR5 WELLS FARGO & COMPANY NOTESINTEREST 12/7/20 637.50 2.55% 12/7/19 12/7/19 525,000.00 78012UEE1 ROYAL BANK OF CANADA NY CDINTEREST 6/7/21 8,505.00 3.24% 12/7/19 12/7/19 50,000.00 78012UEE1 ROYAL BANK OF CANADA NY CDINTEREST 6/7/21 810.00 3.24% 12/7/19 12/7/19 100,000.00 78012UEE1 ROYAL BANK OF CANADA NY CDINTEREST 6/7/21 1,620.00 3.24% 12/15/19 12/15/19 375,000.00 43815AAC6 HAROT 2018-4 A3INTEREST 1/15/23 987.50 3.16% PFM Asset Management LLC 23 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Activity Security DescriptionCUSIPPar ($) Settle Date Trade Date Tran. Type Maturity Date Transact Amt ($)Yield Realized G/L (BV)Coupon 12/15/19 12/15/19 350,000.00 14315EAC4 CARMAX AUTO OWNER TRUSTINTEREST 9/15/23 980.00 3.36% 12/15/19 12/15/19 800,000.00 14041NFU0 COMET 2019-A2 A2INTEREST 8/15/24 1,146.67 1.72% 12/15/19 12/15/19 350,000.00 14313FAD1 CARMAX AUTO OWNER TRUSTINTEREST 6/15/23 912.92 3.13% 12/16/19 12/16/19 270,000.00 36256XAD4 GMCAR 2019-1 A3INTEREST 11/16/23 668.25 2.97% 12/16/19 12/16/19 300,000.00 36255JAD6 GMCAR 2018-3 A3INTEREST 5/16/23 755.00 3.02% 12/20/19 12/20/19 275,000.00 36256GAE9 GMALT 2018-3 A4INTEREST 7/20/22 756.25 3.30% 12/20/19 12/20/19 300,000.00 05586CAD6 BMWLT 2018-1 A4INTEREST 3/20/22 840.00 3.36% 12/20/19 12/20/19 325,000.00 92869BAD4 VALET 2018-2 A3INTEREST 4/20/23 880.21 3.25% 12/22/19 12/22/19 25,000.00 24422ETS8 JOHN DEERE CAPITAL CORP NOTESINTEREST 6/22/20 243.75 1.95% 12/27/19 12/27/19 400,000.00 02665WCZ2 AMERICAN HONDA FINANCE CORP NOTEINTEREST 6/27/24 4,800.00 2.40% 12/31/19 12/31/19 2,650,000.00 912828N30 US TREASURY NOTESINTEREST 12/31/22 28,156.25 2.12% 12/31/19 12/31/19 10,000.00 912828A83 US TREASURY NOTESINTEREST 12/31/20 118.75 2.37% 12/31/19 12/31/19 1,300,000.00 912828XX3 US TREASURY N/B NOTESINTEREST 6/30/24 13,000.00 2.00% 12/31/19 12/31/19 15,000.00 912828N48 US TREASURY NOTESINTEREST 12/31/20 131.25 1.75% TOTALS 10,039,099.10 267,256.62 PFM Asset Management LLC 24 Portfolio Holdings CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity U.S. Treasury Bond / Note AA+ Aaa 5/27/2016 5/31/2016 15,268.94 0.72 15,059.96 15,014.071.35US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 912828N48 15,000.00 AA+ Aaa 3/30/2016 3/31/2016 10,502.34 0.65 10,108.03 10,070.701.28US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 912828A83 10,000.00 AA+ Aaa 1/30/2019 1/31/2019 2,607,972.65 154.70 2,617,468.20 2,690,370.102.55US TREASURY NOTES DTD 12/31/2015 2.125% 12/31/2022 912828N30 2,650,000.00 AA+ Aaa 5/1/2019 5/3/2019 1,488,304.69 2,166.67 1,494,069.98 1,525,059.482.25US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 1,525,000.00 AA+ Aaa 3/4/2019 3/6/2019 1,927,421.87 2,841.53 1,940,962.66 2,000,078.002.53US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 2,000,000.00 AA+ Aaa 4/1/2019 4/5/2019 1,070,050.78 1,562.84 1,075,199.57 1,100,042.902.32US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 1,100,000.00 AA+ Aaa 6/3/2019 6/7/2019 3,050,856.45 4,368.85 3,054,202.48 3,075,119.931.83US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 3,075,000.00 AA+ Aaa 7/1/2019 7/3/2019 1,639,107.42 4,566.96 1,640,328.48 1,648,518.301.78US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 912828T91 1,650,000.00 AA+ Aaa 10/2/2019 10/4/2019 1,005,742.19 2,767.86 1,005,411.22 999,102.001.48US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 912828T91 1,000,000.00 AA+ Aaa 11/1/2019 11/6/2019 1,326,304.69 71.43 1,325,483.20 1,318,027.101.55US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 912828XX3 1,300,000.00 2.09 14,381,402.58 14,178,293.78 18,502.21 14,325,000.00 14,141,532.02Security Type Sub-Total Supra-National Agency Bond / Note AAA Aaa 9/12/2017 9/19/2017 49,880.00 236.32 49,971.41 50,010.501.64INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 45905UP32 50,000.00 AAA Aaa 9/12/2017 9/19/2017 124,700.00 590.80 124,928.52 125,026.251.64INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 45905UP32 125,000.00 PFM Asset Management LLC 25 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity Supra-National Agency Bond / Note AAA Aaa 9/12/2017 9/19/2017 149,640.00 708.95 149,914.22 150,031.501.64INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 45905UP32 150,000.00 AAA Aaa 3/9/2018 3/16/2018 49,962.50 409.89 49,984.63 50,410.302.66INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 45950VLQ7 50,000.00 AAA Aaa 3/9/2018 3/16/2018 49,962.50 409.89 49,984.63 50,410.302.66INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 45950VLQ7 50,000.00 AAA Aaa 3/9/2018 3/16/2018 299,775.00 2,459.33 299,907.79 302,461.802.66INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 45950VLQ7 300,000.00 2.21 728,350.65 724,691.20 4,815.18 725,000.00 723,920.00Security Type Sub-Total Municipal Bond / Note AA- Aa1 11/6/2019 12/5/2019 100,000.00 151.74 100,000.00 99,828.002.10CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 157411TK5 100,000.00 2.10 99,828.00 100,000.00 151.74 100,000.00 100,000.00Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation AA+ Aaa 4/11/2018 4/30/2018 131,535.99 382.61 130,225.09 130,255.982.27FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 128,970.65 AA+ Aaa 4/11/2018 4/30/2018 26,307.19 76.52 26,045.01 26,051.192.27FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 25,794.12 AA+ Aaa 4/11/2018 4/30/2018 26,307.19 76.52 26,045.01 26,051.192.27FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 25,794.12 AA+ Aaa 4/4/2018 4/9/2018 35,298.05 90.13 35,159.41 35,737.682.61FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 35,000.00 AA+ Aaa 4/4/2018 4/9/2018 161,362.50 412.00 160,728.73 163,372.262.61FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 160,000.00 PFM Asset Management LLC 26 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity Federal Agency Collateralized Mortgage Obligation AA+Aaa 4/4/2018 4/9/2018 35,298.05 90.13 35,159.41 35,737.682.61FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 35,000.00 AA+ Aaa 12/7/2018 12/17/2018 121,113.69 323.27 121,113.70 123,836.443.11FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 121,114.06 AA+ Aaa 11/20/2019 11/26/2019 134,784.58 234.98 134,784.58 134,208.092.03FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 134,787.81 2.50 675,250.51 669,260.94 1,686.16 666,460.76 672,007.24Security Type Sub-Total Corporate Note BBB+ Baa1 3/20/2015 3/25/2015 289,082.50 6,607.64 250,165.86 250,090.252.05GENERAL ELECTRIC CAP CORP NOTES DTD 01/08/2010 5.500% 01/08/2020 36962G4J0 250,000.00 A A2 6/19/2017 6/22/2017 24,984.75 12.19 24,997.53 25,004.701.97JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 24422ETS8 25,000.00 A- A2 5/6/2016 5/10/2016 51,108.00 85.00 50,234.48 50,304.602.04WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 94974BGR5 50,000.00 A- A3 10/23/2017 10/26/2017 74,965.50 671.88 74,987.92 75,212.932.17BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 05531FAZ6 75,000.00 A- A3 10/23/2017 10/26/2017 24,988.50 223.96 24,995.97 25,070.982.17BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 05531FAZ6 25,000.00 A- A3 10/23/2017 10/26/2017 24,988.50 223.96 24,995.97 25,070.982.17BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 05531FAZ6 25,000.00 A A2 2/1/2018 2/6/2018 299,853.00 3,224.17 299,944.94 302,745.602.67IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 44932HAG8 300,000.00 A A2 4/12/2018 4/19/2018 174,259.75 1,494.31 174,686.42 176,969.633.05NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 175,000.00 PFM Asset Management LLC 27 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity Corporate Note A A2 2/21/2018 2/26/2018 124,861.25 1,067.36 124,943.26 126,406.882.94NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 125,000.00 A A2 4/12/2018 4/19/2018 24,894.25 213.47 24,955.20 25,281.383.05NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 25,000.00 A A2 2/21/2018 2/26/2018 24,972.25 213.47 24,988.65 25,281.382.94NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 25,000.00 A A2 2/21/2018 2/26/2018 24,972.25 213.47 24,988.65 25,281.382.94NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 25,000.00 A A2 4/12/2018 4/19/2018 24,894.25 213.47 24,955.20 25,281.383.05NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 25,000.00 A+ A1 3/19/2018 3/22/2018 298,467.00 2,268.75 299,358.29 303,598.802.93UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 904764AZ0 300,000.00 AA- Aa3 4/10/2018 4/13/2018 49,980.00 319.58 49,991.23 50,754.102.96TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 89236TEU5 50,000.00 A A1 5/16/2016 5/19/2016 306,978.00 1,583.33 301,809.26 302,074.502.00BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 06406FAA1 300,000.00 A A1 5/16/2016 5/19/2016 51,149.00 263.89 50,297.95 50,345.752.00BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 06406FAA1 50,000.00 A+ A1 10/5/2017 10/10/2017 39,992.00 168.89 39,996.98 40,114.122.01PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 713448DX3 40,000.00 A+ A1 10/5/2017 10/10/2017 199,960.00 844.44 199,984.91 200,570.602.01PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 713448DX3 200,000.00 A A1 5/16/2016 5/19/2016 51,149.00 263.89 50,297.95 50,345.752.00BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 06406FAA1 50,000.00 PFM Asset Management LLC 28 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity Corporate Note A+A1 10/5/2017 10/10/2017 39,992.00 168.89 39,996.98 40,114.122.01PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 713448DX3 40,000.00 A- A2 11/1/2017 11/3/2017 25,194.00 131.25 25,074.76 25,229.052.39BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 06051GFW4 25,000.00 A- A2 5/25/2016 5/31/2016 199,536.00 700.00 199,868.69 200,963.802.30AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 0258M0EB1 200,000.00 A- A3 5/10/2016 5/16/2016 24,983.50 72.60 24,995.35 25,052.682.06BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 25,000.00 A+ A1 5/7/2018 5/10/2018 99,974.00 439.17 99,987.94 101,751.303.11PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 69371RP26 100,000.00 A- A3 5/10/2016 5/16/2016 24,983.50 72.60 24,995.35 25,052.682.06BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 25,000.00 A- A3 5/10/2016 5/16/2016 149,901.00 435.63 149,972.09 150,316.052.06BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 05531FAV5 150,000.00 A+ A1 5/7/2018 5/10/2018 19,994.80 87.83 19,997.59 20,350.263.11PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 69371RP26 20,000.00 A+ A1 5/7/2018 5/10/2018 19,994.80 87.83 19,997.59 20,350.263.11PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 69371RP26 20,000.00 A A1 5/3/2018 5/10/2018 24,982.75 99.03 24,991.91 25,423.233.12HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 427866BA5 25,000.00 A A1 5/3/2018 5/10/2018 124,913.75 495.14 124,959.56 127,116.133.12HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 427866BA5 125,000.00 A A1 5/3/2018 5/10/2018 24,982.75 99.03 24,991.91 25,423.233.12HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 427866BA5 25,000.00 A A1 5/19/2016 5/24/2016 24,905.50 56.88 24,972.84 25,051.832.03STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 25,000.00 PFM Asset Management LLC 29 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity Corporate Note A A1 5/19/2016 5/24/2016 74,716.50 170.63 74,918.52 75,155.482.03STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 75,000.00 A A1 5/19/2016 5/24/2016 24,905.50 56.88 24,972.84 25,051.832.03STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 857477AV5 25,000.00 A A2 5/17/2018 5/22/2018 34,998.95 126.39 34,999.49 35,682.783.25CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 808513AW5 35,000.00 A A2 5/17/2018 5/22/2018 199,994.00 722.22 199,997.08 203,901.603.25CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 808513AW5 200,000.00 A- A2 9/13/2017 9/18/2017 35,000.00 203.70 35,000.00 35,099.722.33BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 06051GGS2 35,000.00 A- A2 9/13/2017 9/18/2017 200,000.00 1,164.00 200,000.00 200,569.802.33BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 06051GGS2 200,000.00 A- A2 9/13/2017 9/18/2017 35,000.00 203.70 35,000.00 35,099.722.33BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 06051GGS2 35,000.00 A A2 3/10/2017 3/15/2017 49,779.50 644.10 49,904.58 50,838.452.75JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 24422ETL3 50,000.00 A A2 3/10/2017 3/15/2017 273,787.25 3,542.53 274,475.21 279,611.482.75JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 24422ETL3 275,000.00 A- A2 5/14/2018 5/17/2018 15,000.00 64.15 15,000.00 15,301.373.50BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 06051GHH5 15,000.00 A- A2 5/14/2018 5/17/2018 15,000.00 64.15 15,000.00 15,301.373.50BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 06051GHH5 15,000.00 A- A2 5/14/2018 5/17/2018 75,000.00 320.74 75,000.00 76,506.833.50BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 06051GHH5 75,000.00 A- A2 3/15/2019 3/22/2019 675,000.00 5,411.81 675,000.00 691,096.733.21JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 46647PBB1 675,000.00 A- A3 2/12/2019 2/15/2019 402,848.00 6,144.44 402,380.22 421,280.003.34PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 693475AV7 400,000.00 BBB+ A3 7/19/2019 7/23/2019 422,916.00 2,669.44 420,929.50 425,231.202.59MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 61746BDQ6 400,000.00 PFM Asset Management LLC 30 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity Corporate Note A A2 7/11/2019 7/15/2019 398,016.00 106.67 398,193.13 404,476.802.51AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 02665WCZ2 400,000.00 BBB+ A3 7/8/2019 7/11/2019 418,632.00 7,400.56 416,979.96 423,078.802.84GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 38141EC23 400,000.00 A A2 9/3/2019 9/6/2019 398,368.00 2,236.11 398,468.06 396,964.801.84WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 254687FK7 400,000.00 2.64 6,778,249.07 6,692,597.77 54,375.22 6,655,000.00 6,739,799.80Security Type Sub-Total Certificate of Deposit A-1+ P-1 2/20/2018 2/22/2018 100,000.00 989.78 100,000.00 100,152.202.72NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 100,000.00 A-1+ P-1 2/20/2018 2/22/2018 575,000.00 5,691.22 575,000.00 575,875.152.72NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 575,000.00 A-1+ P-1 2/20/2018 2/22/2018 100,000.00 989.78 100,000.00 100,152.202.72NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 100,000.00 A-1 P-1 3/2/2018 3/6/2018 300,000.00 2,900.00 300,000.00 300,608.702.93UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 90275DHG8 300,000.00 A-1 P-1 6/5/2018 6/7/2018 49,981.00 111.22 49,995.82 50,306.953.10BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 06417GU22 50,000.00 A-1 P-1 6/5/2018 6/7/2018 29,988.60 66.73 29,997.49 30,184.173.10BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 06417GU22 30,000.00 A-1 P-1 6/5/2018 6/7/2018 299,886.00 667.33 299,974.90 301,841.703.10BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 06417GU22 300,000.00 A-1 P-1 8/1/2018 8/3/2018 670,000.00 8,846.05 670,000.00 674,556.003.23BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 06370REU9 670,000.00 A-1+ P-1 8/3/2017 8/7/2017 540,000.00 4,428.00 540,000.00 541,266.842.05WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 96121T4A3 540,000.00 PFM Asset Management LLC 31 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity Certificate of Deposit A-1+ P-1 8/3/2017 8/7/2017 100,000.00 820.00 100,000.00 100,234.602.05WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 96121T4A3 100,000.00 A-1+ P-1 8/3/2017 8/7/2017 100,000.00 820.00 100,000.00 100,234.602.05WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 96121T4A3 100,000.00 A-1+ P-1 11/16/2017 11/17/2017 100,000.00 277.44 100,000.00 100,273.102.30SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 87019U6D6 100,000.00 A-1+ P-1 11/16/2017 11/17/2017 600,000.00 1,664.67 600,000.00 601,638.602.30SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 87019U6D6 600,000.00 A-1+ P-1 11/16/2017 11/17/2017 100,000.00 277.44 100,000.00 100,273.102.30SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 87019U6D6 100,000.00 AA- Aa2 6/7/2018 6/8/2018 50,000.00 108.00 50,000.00 51,108.253.24ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 78012UEE1 50,000.00 AA- Aa2 6/7/2018 6/8/2018 100,000.00 216.00 100,000.00 102,216.503.24ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 78012UEE1 100,000.00 AA- Aa2 6/7/2018 6/8/2018 525,000.00 1,134.00 525,000.00 536,636.633.24ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 78012UEE1 525,000.00 A+ Aa2 8/29/2019 9/3/2019 400,000.00 2,480.00 400,000.00 400,756.401.88SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 83050PDR7 400,000.00 2.67 4,768,315.69 4,739,968.21 32,487.66 4,740,000.00 4,739,855.60Security Type Sub-Total Asset-Backed Security AAA Aaa 10/10/2018 10/17/2018 299,997.33 308.00 299,998.31 304,370.583.36BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 05586CAD6 300,000.00 AAA Aaa 9/18/2018 9/26/2018 274,964.97 277.29 274,976.17 278,562.493.31GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 36256GAE9 275,000.00 AAA Aaa 11/20/2018 11/28/2018 374,943.94 526.67 374,958.12 381,160.313.17HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 43815AAC6 375,000.00 PFM Asset Management LLC 32 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Portfolio Holdings Managed Account Detail of Securities Held Original Cost Settle Date Trade Date Moody's Rating S&P Rating Accrued Interest Amortized Cost Market Value YTM at Cost Security Type/Description CUSIP ParDated Date/Coupon/Maturity Asset-Backed Security AAA Aaa 11/15/2018 11/21/2018 324,986.35 322.74 324,989.68 330,063.573.25VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 92869BAD4 325,000.00 AAA NR 7/11/2018 7/18/2018 299,930.04 377.50 299,950.36 303,681.033.03GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 36255JAD6 300,000.00 AAA NR 7/18/2018 7/25/2018 349,952.30 486.89 349,965.80 354,983.483.36CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 14313FAD1 350,000.00 AAA NR 10/17/2018 10/24/2018 349,996.78 522.67 349,997.74 357,037.353.36CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 14315EAC4 350,000.00 NR Aaa 1/8/2019 1/16/2019 269,970.11 334.13 269,975.82 273,709.372.97GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 36256XAD4 270,000.00 AAA NR 8/28/2019 9/5/2019 799,798.56 611.56 799,812.46 797,544.481.73COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 14041NFU0 800,000.00 2.88 3,381,112.66 3,344,624.46 3,767.45 3,345,000.00 3,344,540.38Security Type Sub-Total 30,461,655.04 30,556,460.76 115,785.62 30,449,436.36 30,812,509.16 2.40 Managed Account Sub Total Money Market Mutual Fund AAAm NR 109,033.70 0.00 109,033.70 109,033.70CAMP Pool 109,033.70 109,033.70 109,033.70 0.00 109,033.70 109,033.70Money Market Sub Total $115,785.62 $30,558,470.06 $30,921,542.86 Securities Sub-Total Accrued Interest $115,785.62 Total Investments $31,037,328.48 2.40%$30,665,494.46 $30,570,688.74 Bolded items are forward settling trades. PFM Asset Management LLC 33 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 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 à Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Interactive Data, Bloomberg, or Telerate. 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. à 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. à 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. à Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets. à Money market fund/cash balances are included in performance and duration computations. à Standard & Poorʼs is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings. à Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity. à MBS maturities are represented by expected average life. PFM Asset Management LLC 34 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Appendix GLOSSARY à ACCRUED INTEREST: Interest that is due on a bond or other fixed income security since the last interest payment was made. à AGENCIES: Federal agency securities and/or Government-sponsored enterprises. à AMORTIZED COST: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis. à BANKERS’ ACCEPTANCE: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer. à COMMERCIAL PAPER: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory. à CONTRIBUTION TO DURATION: Represents each sector or maturity range ’s relative contribution to the overall duration of the portfolio measured as a percentage weighting. Since duration is a key measure of interest rate sensitivity, the contribution to duration measures the relative amount or contribution of that sector or maturity range to the total rate sensitivity of the portfolio. à DURATION TO WORST: A measure of the sensitivity of a security ’s price to a change in interest rates, stated in years, computed from cash flows to the maturity date or to the put date, whichever results in the highest yield to the investor. à EFFECTIVE DURATION: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years. à EFFECTIVE YIELD: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding on investment returns, while nominal yield does not. à FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount. à INTEREST RATE: Interest per year divided by principal amount and expressed as a percentage. à MARKET VALUE: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date. à MATURITY: The date upon which the principal or stated value of an investment becomes due and payable. à NEGOTIABLE CERTIFICATES OF DEPOSIT: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets. à PAR VALUE: The nominal dollar face amount of a security. PFM Asset Management LLC 35 CITY OF LAKE ELSINORE For the Quarter Ended December 31, 2019 Appendix GLOSSARY à PASS THROUGH SECURITY: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security. à REPURCHASE AGREEMENTS: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. à SETTLE DATE: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day. à TRADE DATE: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place. à UNSETTLED TRADE: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place. à U.S. TREASURY: The department of the U.S. government that issues Treasury securities. à YIELD: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. à YTM AT COST: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time period from purchase date to maturity, stated as a percentage on an annualized basis. à YTM AT MARKET: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 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