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Item No. 13 Investment Report February 2020
Text File City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 www.lake-elsinore.org File Number: ID# 19-530 Agenda Date: 3/24/2020 Status: Approval FinalVersion: 1 File Type: Successor Consent Calendar In Control: City Council / Successor Agency / Facilities Financing Authority Agenda Number: 13) Page 1 City of Lake Elsinore Printed on 3/19/2020 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: Nancy Lassey, Finance Administrator Approved by: Jason Simpson, Assistant Executive Director Date: March 24, 2020 Subject: Investment Report for February 2020 Recommendation Receive and file the Investment Report for February 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. Fiscal Impact No fiscal impact. Exhibits A: Investment Report for February 2020 CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 2,521,128$ 24,857$ (1,511,056)$ 1,034,930$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 2,521,128 24,857 (1,511,056) 1,036,230 INVESTMENTS Local Agency Investment Fund 19,418,751 - - 19,418,751 CAMP Investments: CAMP Pool Account 856,217 - - 856,217 U.S. Treasury Bond / Note 14,607,144 - - 14,607,144 Supra-National Agency Bond / Note 723,920 - - 723,920 Municipal Bond / Note 100,000 - - 100,000 Federal Agency Collateralized Mortgage Obligation 638,803 - - 638,803 Corporate Notes 6,446,945 - - 6,446,945 Negotiable Certificate of Deposit 3,964,856 - - 3,964,856 Asset-Backed Security / Collaterized Mortgage 3,344,540 - - 3,344,540 Sub-total Investments 50,101,177 - - 50,101,177 Market Value Adjustment: Unrealized Gain/(Loss) at 12/31/2019 353,339 - - 353,339 Total Investments 50,454,516 - - 50,454,516 Total Pooled Cash and Investments 52,975,645$ 24,857$ (1,511,056)$ 51,490,746$ TOTAL POOLED CASH AND INVESTMENTS 51,490,746$ 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 March 12, 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 FEBRUARY 29, 2020 FUND NO FUND NAME AMOUNT 100 General 5,568,734$ 106 Affordable Housing In Lieu 1,544,584 107 Developer Agreement Revenue 9,247 109 Road Maintenance and Rehabilitation (SB1)714,705 110 State Gas Tax 372,732 112 Measure A 1,779,662 114 SB1186 CASP Education Program 22,318 118 Lake Side Facility DIF 23,833 119 Animal Shelter DIF 11,913 121 T.R.I.P.-2014A 146 135 Lighting & Landscape Maintenance - Dist. No. 1 974,548 140 Geothermal 11,574 155 CSA152 -- N.P.D.E.S.23,243 160 PEG Grant 29,417 202 La Strada RBBD 93,441 203 E.L.S.P. - S.T.I.F.2,644,847 205 Traffic Impact Fee 3,108,760 211 Storm Drain C.I.P. 604,509 220 Street Lighting C.I.P.216 221 Quimby Park C.I.P.318,152 231 Library C.I.P. 1,229,951 232 City Fire Protection 122,255 300 Insurance Service 1,410,484 305 Information Systems Service 331,213 310 Support Service 9,572 320 Facilities Service 591,116 332 CFD 2006-1 Improvement Area B, Summerly 33,451 334 CFD 2015-5 Trieste - Far West Industries 50,510 337 CFD 2016-2 Canyon Hills 67,068 338 CFD 2006-1 IA-JJ Summerly Improvement Area 59,695 340 CFD 2006-1 IA-EE Summerly Improvement Area 65,083 346 CFD 2014-1 Southshore 67,413 350 CFD 98-1 Summerhill 246,135 351 CFD 2006-1 IA-II Summerly Improvement 878 354 CFD 90-2 Tuscany Hills 188,790 357 CFD 2003-2 Canyon Hills Improvement Area 148,127 369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 206,715 370 CFD 2006-1 IA-HH Summerly Improvement 63,269 371 CFD 2005-1 Serenity 105,473 372 CFD 2005-2 Alberhill Ranch Improvement Area 264,420 374 CFD 2005-4 Lakeview Villas 10,812 375 CFD 2006-4 Clurman 8,713 376 CFD 2006-3 La Strada 32,542 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 FEBRUARY 29, 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 FEBRUARY 29, 2020 377 CFD 2006-6 Tessara 9,821 378 CFD 2006-8 Running Deer Estates 5,644 384 CFD 2003-2 Area B Canyon Hills Improvement Area 487,990 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 26,936 386 CFD 2007-4 Mekenna Court 8,653 388 CFD 2007-6 Holiday Inn Express 4,019 389 CFD 88-3 (2008A) West Lake Elsinore Series A 1,152,135 392 CFD 95-1 City Center 23,587 393 AD 93-1 Cottonwood Hills 390,635 394 CFD 2005-5 (2012A) Wasson Canyon 68,632 395 CFD 2018-1 Wasson Canyon II Improvement Area 844 396 CFD 2018-2 Nichols Ranch Improvement Area 2,772 500 Capital Improvement Plan 8,450,602 510 Successor To RDA Area I, II, & III 6,480,550 540 Successor To RDA Diamond Stadium 1,285,479 603 Endowment Trust - Carl Graves 55,929 604 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 2,060,600 617 Successor Agency Housing 5,024,501 620 Cost Recovery System 1,500,107 631 Lake Destratification Equipment Replacement 397,292 Total Pooled Cash & Investments 51,490,746$ DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00%Unlimited U.S. Treasury Bond / Note 29.16%Unlimited Current Balance 14,607,144$ Supra-National Agency Bond / Note 1.44%30% Current Balance 723,920$ Municipal Bond / Note 0.20%Unlimited Current Balance 100,000$ Federal Agency Collaterized Mortgage Obligation 1.28%40.00% Current Balance 638,803$ Federal Agency Bond / Note 0.00%*Unlimited Negotiable Certificates of Deposit 7.91%30.00% Current Balance 3,964,856$ Corporate Note 12.87%30.00% Current Balance 6,446,945$ Asset-Backed Security / Collaterized Mortgage 7%20% Current Balance 3,344,540$ Repurchase Agreements 0.00%Unlimited Reverse Repurchase Agreements 0.00%10.00% LAIF (Local Agency Investment Fund)38.76%*$65 Million Current Balance 19,418,751$ CAMP - Pooled Sweep Account 1.71%Unlimited Current Balance 856,217$ TOTAL 100.00%50,101,177$ Note: *No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. *Investment in LAIF may not exceed $65 million in each agency. FOR THE MONTH ENDING FEBRUARY 29, 2020 SUMMARY OF POLICY LIMITATIONS C I T Y O F L A K E E L S I N O R E Local Agency Investment Fund Yield Purchase Date Maturity Rate 1.912%Daily 24-Hour Investment Beginning Balance Net Increase/(Decrease)Ending Balance Total Investments Held with Local Agency Investment Fund:26,918,751$ (7,500,000)$ 19,418,751$ 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 FEBRUARY 29, 2020 Feb 1.912 Jan 1.967 Dec 2.043 0.000062500857789 1.001770298 Earnings Ratio(2): Fair Value Factor(1): Daily(1):2.02% 2.29Apportionment Rate(2): Quarter to Date(1):2.11% 226Average Life(1): Treasuries 48.54% Agencies 19.74% Certificates of Deposit/Bank Notes 17.49% Time Deposits 4.72% Commercial Paper 8.88% Loans 0.61% 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 02/29/20 Daily rates are now available here. View PMIA Daily Rates LAIF Quarterly Performance Quarter Ended 12/31/19 Percentages may not total 100% due to rounding Pooled Money Investment Account Portfolio Composition (1) 01/31/20 $100.6 billion CAMP Investment Portfolio For the Month Ending February 29, 2020Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Opening Market Value Purchases Redemptions Change in Value Closing Market Value 349,139.57 844,200.14 (337,122.26) 0.00 $856,217.45 CAMP Pool Unsettled Trades 0.00 515.55 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 30,824,078.94 333,823.24 (803,093.60) 257,474.34 $30,612,282.92 CAMP Managed Account Unsettled Trades 0.00 39,883.25 Cash Dividends and Income February 29, 2020 January 31, 2020 Asset Summary CAMP Pool 856,217.45 349,139.57 CAMP Managed Account 30,612,282.92 30,824,078.94 $31,468,500.37 $31,173,218.51 Total Asset Allocation 2.72% CAMP Pool 97.28% CAMP Managed Account Page 1 For the Month Ending February 29, 2020Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE 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 $349,139.57 844,200.14 (337,122.26) $856,217.45 515.55 $30,824,078.94 (803,093.60) 0.00 333,823.24 0.00 257,474.34 $30,612,282.92 $31,173,218.51 $31,468,500.37 40,590.99 (678.57) (29.17) $39,883.25 775,000.00 0.00 40,590.99 28,093.60 (334,501.81) (509,182.78) 0.00 Managed Account Total 29,849,547.08 30,705,764.53 154,159.39 0.00 803,093.60 40,590.99 (334,501.81) (30,317,715.23) (138,272.38) 0.00 154,159.39 337,122.26 803,093.60 40,590.99 (1,178,701.95) (30,666,854.80) (138,272.38) 515.55 Total Accrual Basis Earnings $56,901.64 $57,417.19 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending February 29, 2020Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 14,700,000.00 15,147,271.63 48.14 Supra-National Agency Bond / Note 725,000.00 731,631.60 2.32 Municipal Bond / Note 100,000.00 104,035.00 0.33 Federal Agency Collateralized Mortgage Obligation 633,341.41 648,085.71 2.06 Corporate Note 6,405,000.00 6,589,498.15 20.94 Certificate of Deposit 3,965,000.00 3,990,306.61 12.68 Asset-Backed Security 3,345,000.00 3,401,454.22 10.81 Managed Account Sub-Total 29,873,341.41 30,612,282.92 97.28% Accrued Interest 154,159.39 Total Portfolio 29,873,341.41 30,766,442.31 CAMP Pool 856,217.45 856,217.45 2.72 Total Investments 30,729,558.86 31,622,659.76 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 10.81% ABS 12.68% Cert of Deposit 20.94% Corporate Note 2.06% Fed Agency CMO 2.72% Mny Mkt Fund 0.33% Muni Bond / Note 2.32% Supra-National Agency Bond / Note 48.14% 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 9.47% 5.19% 13.47% 5.44% 42.81% 23.62% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.59 1064 2.30% 1.27% Page 3 For the Month Ending February 29, 2020Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Credit Quality (S&P Ratings) 9.02% A 3.59% A+ 6.69% A- 4.31% A-1 4.91% A-1+ 50.20% AA+ 2.68% AA- 13.13% AAA 2.72% AAAm 2.75% BBB+ Issuer Summary Percentof HoldingsIssuer Market Value 201,453.80 0.64 AMERICAN EXPRESS CO 412,888.80 1.31 AMERICAN HONDA FINANCE 403,970.97 1.28 BANK OF AMERICA CO 674,803.90 2.14 BANK OF MONTREAL 381,551.54 1.21 BANK OF NOVA SCOTIA 326,758.15 1.04 BB&T CORPORATION 305,339.01 0.97 BMW FINANCIAL SERVICES NA LLC 856,217.45 2.73 CAMP Pool 809,642.40 2.57 CAPITAL ONE FINANCIAL CORP 715,005.17 2.27 CARMAX AUTO OWNER TRUST 104,035.00 0.33 CHAFFEY CA JT UNION HS DIST 240,038.64 0.76 CHARLES SCHWAB 358,953.25 1.14 DEERE & COMPANY 177,833.55 0.57 FANNIE MAE 470,252.16 1.49 FREDDIE MAC 278,752.65 0.89 GM FINANCIAL AUTO LEASING TRUST 579,583.47 1.84 GM FINANCIAL SECURITIZED TERM 430,737.20 1.37 GOLDMAN SACHS GROUP INC 178,643.50 0.57 HERSHEY COMPANY 382,661.74 1.22 HONDA AUTO RECEIVABLES 303,389.40 0.96 IBM CORP 406,241.60 1.29 INTERNATIONAL FINANCE CORPORATION 325,390.00 1.03 INTL BANK OF RECONSTRUCTION AND DEV 697,177.13 2.22 JP MORGAN CHASE & CO 434,723.20 1.38 MORGAN STANLEY 406,986.40 1.29 NATIONAL RURAL UTILITIES CO FINANCE CORP 143,296.58 0.46 PACCAR FINANCIAL CORP 281,900.64 0.90 PEPSICO INC 425,775.60 1.35 PNC FINANCIAL SERVICES GROUP 687,789.23 2.19 ROYAL BANK OF CANADA 400,932.80 1.27 SKANDINAVISKA ENSKILDA BANKEN AB 125,527.89 0.40 STATE STREET CORPORATION Page 4 For the Month Ending February 29, 2020Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Percentof HoldingsIssuer Market Value 803,694.40 2.55 SWEDBANK AB 407,046.60 1.29 THE BANK OF NEW YORK MELLON CORPORATION 404,763.20 1.29 THE WALT DISNEY CORPORATION 50,854.85 0.16 TOYOTA MOTOR CORP 299,987.40 0.95 UBS AG 304,221.30 0.97 UNILEVER PLC 15,147,271.63 48.14 UNITED STATES TREASURY 330,469.78 1.05 VOLKSWAGEN OF AMERICA 50,391.05 0.16 WELLS FARGO & COMPANY 741,547.34 2.36 WESTPAC BANKING CORP $31,468,500.37 Total 100.00% Page 5 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 10,103.13 10,090.23 39.80 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 15,075.00 15,050.08 43.99 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 1,125,609.32 1,076,349.19 4,493.17 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 1,560,503.83 1,495,505.28 6,229.17 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 2,046,562.40 1,943,690.14 8,169.40 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 3,146,589.69 3,055,173.78 12,560.45 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 1,026,093.80 1,005,184.53 5,446.43 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 1,693,054.77 1,640,731.37 8,986.61 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 339,929.69 333,700.09 1,089.29 333,823.24 02/07/2002/03/20AaaAA+ 325,000.00 912828XX3 1.36 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1,359,718.75 1,324,577.72 4,357.14 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 2,824,031.25 2,738,489.45 9,049.45 2,739,761.72 01/07/2001/02/20AaaAA+ 2,700,000.00 912828XX3 1.66 60,464.90 15,147,271.63 14,638,541.86 1.91 14,607,144.33 14,700,000.00 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 50,060.00 49,978.20 366.40 49,880.00 09/19/1709/12/17AaaAAA 50,000.00 45905UP32 1.64 Page 6 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 125,150.00 124,945.51 916.00 124,700.00 09/19/1709/12/17AaaAAA 125,000.00 45905UP32 1.64 INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 150,180.00 149,934.61 1,099.20 149,640.00 09/19/1709/12/17AaaAAA 150,000.00 45905UP32 1.64 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,780.20 49,986.75 629.47 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 50,780.20 49,986.75 629.47 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 304,681.20 299,920.50 3,776.83 299,775.00 03/16/1803/09/18AaaAAA 300,000.00 45950VLQ7 2.66 7,417.37 731,631.60 724,752.32 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 104,035.00 100,000.00 175.08 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10 175.08 104,035.00 100,000.00 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 25,404.80 25,400.87 74.71 25,683.71 04/30/1804/11/18AaaAA+ 25,182.80 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 25,404.80 25,400.87 74.71 25,683.71 04/30/1804/11/18AaaAA+ 25,182.80 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 127,023.95 127,004.28 373.54 128,418.49 04/30/1804/11/18AaaAA+ 125,913.95 3136B1XP4 2.27 Page 7 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 36,180.79 35,145.77 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 36,180.79 35,145.77 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 165,397.89 160,666.38 412.00 161,362.50 04/09/1804/04/18AaaAA+ 160,000.00 3137BM6P6 2.61 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 123,757.59 120,716.38 322.21 120,716.37 12/17/1812/07/18AaaAA+ 120,716.74 3137FKK39 3.11 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 108,735.10 106,342.57 185.39 106,342.57 11/26/1911/20/19AaaAA+ 106,345.12 3137FQ3V3 2.03 1,622.82 648,085.71 635,822.89 2.52 638,803.45 633,341.41 Security Type Sub-Total Corporate Note JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 25,035.90 24,998.39 93.44 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 50,391.05 50,192.84 297.50 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 25,093.15 24,996.59 44.79 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 25,093.15 24,996.59 44.79 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 75,279.45 74,989.76 134.38 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 303,389.40 299,953.22 574.17 299,853.00 02/06/1802/01/18A2A 300,000.00 44932HAG8 2.67 Page 8 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 25,436.65 24,990.19 334.31 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 25,436.65 24,990.19 334.31 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 25,436.65 24,961.28 334.31 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 25,436.65 24,961.28 334.31 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 127,183.25 124,950.97 1,671.53 124,861.25 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 178,056.55 174,728.96 2,340.14 174,259.75 04/19/1804/12/18A2A 175,000.00 63743HER9 3.05 UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 304,221.30 299,444.06 3,643.75 298,467.00 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 50,854.85 49,992.35 565.42 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 40,271.52 39,997.37 302.22 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 40,271.52 39,997.37 302.22 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 50,560.80 50,257.26 472.22 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 50,560.80 50,257.26 472.22 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 101,121.60 100,520.72 944.44 102,326.00 05/19/1605/16/16A1A 100,000.00 06406FAA1 2.00 Page 9 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 201,357.60 199,986.84 1,511.11 199,960.00 10/10/1710/05/17A1A+ 200,000.00 713448DX3 2.01 BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 25,312.58 25,065.30 240.63 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 201,453.80 199,884.76 1,450.00 199,536.00 05/31/1605/25/16A2A- 200,000.00 0258M0EB1 2.30 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 20,470.94 19,997.88 191.17 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 20,470.94 19,997.88 191.17 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 25,161.55 24,995.91 158.02 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 25,161.55 24,995.91 158.02 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 102,354.70 99,989.39 955.83 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 150,969.30 149,975.47 948.13 149,901.00 05/16/1605/10/16A3A- 150,000.00 05531FAV5 2.06 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,520.50 24,992.88 228.19 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 25,520.50 24,992.88 228.19 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 127,602.50 124,964.39 1,140.97 124,913.75 05/10/1805/03/18A1A 125,000.00 427866BA5 3.12 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,105.58 24,976.08 138.13 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.03 Page 10 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 25,105.58 24,976.08 138.13 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 75,316.73 74,928.23 414.38 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 35,750.44 34,999.55 315.97 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 204,288.20 199,997.43 1,805.56 199,994.00 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 35,159.29 35,000.00 339.50 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 35,159.29 35,000.00 339.50 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 200,910.20 200,000.00 1,940.00 200,000.00 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 51,371.90 49,912.31 202.43 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 282,545.45 274,517.71 1,113.37 273,787.25 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 15,347.09 15,000.00 151.62 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 15,347.09 15,000.00 151.62 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 76,735.43 75,000.00 758.12 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 697,177.13 675,000.00 9,019.69 675,000.00 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 425,775.60 402,288.57 1,477.78 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34 Page 11 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 434,723.20 420,165.86 5,252.78 422,916.00 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 412,888.80 398,256.92 1,706.67 398,016.00 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 430,737.20 416,389.35 2,267.22 418,632.00 07/11/1907/08/19A3BBB+ 400,000.00 38141EC23 2.84 WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 404,763.20 398,520.15 58.33 398,368.00 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 204,803.40 200,864.68 1,481.67 200,880.00 01/28/2001/21/20A1A 200,000.00 06406RAL1 2.00 49,714.37 6,589,498.15 6,440,809.06 2.67 6,446,945.30 6,405,000.00 Security Type Sub-Total Certificate of Deposit UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 299,987.40 300,000.00 4,350.00 300,000.00 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 30,122.49 29,998.47 220.73 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 50,204.15 49,997.45 367.89 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 301,224.90 299,984.68 2,207.33 299,886.00 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 100,209.10 100,000.00 136.67 100,000.00 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 100,209.10 100,000.00 136.67 100,000.00 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 541,129.14 540,000.00 738.00 540,000.00 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 674,803.90 670,000.00 12,408.21 670,000.00 08/03/1808/01/18P-1A-1 670,000.00 06370REU9 3.23 Page 12 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 100,461.80 100,000.00 655.78 100,000.00 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 100,461.80 100,000.00 655.78 100,000.00 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 602,770.80 600,000.00 3,934.67 600,000.00 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 50,947.35 50,000.00 378.00 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 101,894.70 100,000.00 756.00 100,000.00 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 534,947.18 525,000.00 3,969.00 525,000.00 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 400,932.80 400,000.00 82.67 400,000.00 09/03/1908/29/19Aa2A+ 400,000.00 83050PDR7 1.88 30,997.40 3,990,306.61 3,964,980.60 2.65 3,964,855.60 3,965,000.00 Security Type Sub-Total Asset-Backed Security BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 305,339.01 299,998.43 308.00 299,997.33 10/17/1810/10/18AaaAAA 300,000.00 05586CAD6 3.36 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 278,752.65 274,977.66 277.29 274,964.97 09/26/1809/18/18AaaAAA 275,000.00 36256GAE9 3.31 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 382,661.74 374,960.32 526.67 374,943.94 11/28/1811/20/18AaaAAA 375,000.00 43815AAC6 3.17 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 330,469.78 324,990.18 322.74 324,986.35 11/21/1811/15/18AaaAAA 325,000.00 92869BAD4 3.25 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 304,685.37 299,952.71 377.50 299,930.04 07/18/1807/11/18NRAAA 300,000.00 36255JAD6 3.03 Page 13 For the Month Ending February 29, 2020Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE 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 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 356,821.43 349,967.38 486.89 349,952.30 07/25/1807/18/18NRAAA 350,000.00 14313FAD1 3.36 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 358,183.74 349,997.84 522.67 349,996.78 10/24/1810/17/18NRAAA 350,000.00 14315EAC4 3.36 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 274,898.10 269,976.82 334.13 269,970.11 01/16/1901/08/19AaaAAA 270,000.00 36256XAD4 2.97 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 809,642.40 799,819.01 611.56 799,798.56 09/05/1908/28/19NRAAA 800,000.00 14041NFU0 1.73 3,767.45 3,401,454.22 3,344,640.35 2.87 3,344,540.38 3,345,000.00 Security Type Sub-Total 29,873,341.41 29,826,209.06 2.30 154,159.39 29,849,547.08 30,612,282.92 Managed Account Sub-Total Money Market Mutual Fund CAMP Pool 856,217.45 856,217.45 0.00 856,217.45 NRAAAm 856,217.45 856,217.45 856,217.45 0.00 856,217.45 856,217.45 Money Market Sub-Total $30,729,558.86 $30,682,426.51 $154,159.39 $30,705,764.53 $31,468,500.37 2.30% $31,622,659.76 $154,159.39 Total Investments Accrued Interest Securities Sub-Total Page 14 For the Month Ending February 29, 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 Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 0.82 12.90 (399.21) 10,103.13 101.03 MERRILL 10,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 1.13 0.82 0.83 24.92 (193.94) 15,075.00 100.50 MORGANST 15,000.00 912828N48US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 1.15 0.83 3.16 49,260.13 55,558.54 1,125,609.32 102.33 SOCGEN 1,100,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.90 3.16 3.16 64,998.55 72,199.14 1,560,503.83 102.33 MORGAN_S 1,525,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.90 3.16 3.16 102,872.26 119,140.53 2,046,562.40 102.33 MORGAN_S 2,000,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.90 3.16 3.16 91,415.91 95,733.24 3,146,589.69 102.33 MORGAN_S 3,075,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.90 3.16 3.54 20,909.27 20,351.61 1,026,093.80 102.61 BNP_PARI 1,000,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 0.90 3.54 3.54 52,323.40 53,947.35 1,693,054.77 102.61 MERRILL 1,650,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 0.90 3.54 4.15 6,229.60 6,106.45 339,929.69 104.59 HSBC 325,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.92 4.15 4.15 35,141.03 33,414.06 1,359,718.75 104.59 MORGAN_S 1,300,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.92 4.15 4.15 85,541.80 84,269.53 2,824,031.25 104.59 HSBC 2,700,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.92 4.15 540,127.30 0.90 3.52 508,729.77 15,147,271.63 14,700,000.00 Security Type Sub-Total 3.52 Supra-National Agency Bond / Note 0.53 81.80 180.00 50,060.00 100.12 HSBC 50,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.34 0.53 0.53 204.49 450.00 125,150.00 100.12 HSBC 125,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.34 0.53 Page 15 For the Month Ending February 29, 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 Security Type/Description Next Call Market YTMEffective Duration Supra-National Agency Bond / Note 0.53 245.39 540.00 150,180.00 100.12 HSBC 150,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 1.34 0.53 1.00 793.45 817.70 50,780.20 101.56 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.10 1.00 1.00 793.45 817.70 50,780.20 101.56 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.10 1.00 1.00 4,760.70 4,906.20 304,681.20 101.56 HSBC 300,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 1.10 1.00 7,711.60 1.21 0.79 6,879.28 731,631.60 725,000.00 Security Type Sub-Total 0.79 Municipal Bond / Note 4.22 4,035.00 4,035.00 104,035.00 104.04 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 1.16 4.22 4,035.00 1.16 4.22 4,035.00 104,035.00 100,000.00 Security Type Sub-Total 4.22 Federal Agency Collateralized Mortgage Obligation 0.82 3.93 (278.91) 25,404.80 100.88 JPM_CHAS 25,182.80 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.19 1.06 0.82 3.93 (278.91) 25,404.80 100.88 JPM_CHAS 25,182.80 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.19 1.06 0.82 19.67 (1,394.54) 127,023.95 100.88 JPM_CHAS 125,913.95 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.19 1.06 1.28 1,035.02 882.74 36,180.79 103.37 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.32 2.21 1.28 1,035.02 882.74 36,180.79 103.37 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.32 2.21 1.28 4,731.51 4,035.39 165,397.89 103.37 CITIGRP 160,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.32 2.21 Page 16 For the Month Ending February 29, 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 Security Type/Description Next Call Market YTMEffective Duration Federal Agency Collateralized Mortgage Obligation 1.72 3,041.21 3,041.22 123,757.59 102.52 CSFB 120,716.74 3137FKK39FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 1.63 1.66 2.22 2,392.53 2,392.53 108,735.10 102.25 JPM_CHAS 106,345.12 3137FQ3V3FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 1.03 2.84 9,282.26 1.20 1.39 12,262.82 648,085.71 633,341.41 Security Type Sub-Total 1.90 Corporate Note 0.31 37.51 51.15 25,035.90 100.14 DEUTSCHE 25,000.00 24422ETS8JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 1.50 0.31 0.76 198.21 (716.95) 50,391.05 100.78 UBS AG 50,000.00 94974BGR5WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 1.53 0.76 0.83 96.56 104.65 25,093.15 100.37 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.74 0.84 0.83 96.56 104.65 25,093.15 100.37 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.74 0.84 0.83 289.69 313.95 75,279.45 100.37 01/01/21MORGAN_S 75,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 1.74 0.84 0.92 3,436.18 3,536.40 303,389.40 101.13 BNP_PARI 300,000.00 44932HAG8IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 1.43 0.92 1.02 446.46 464.40 25,436.65 101.75 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.21 1.02 1.02 446.46 464.40 25,436.65 101.75 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.21 1.02 1.02 475.37 542.40 25,436.65 101.75 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.21 1.02 1.02 475.37 542.40 25,436.65 101.75 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.21 1.02 1.02 2,232.28 2,322.00 127,183.25 101.75 RBC 125,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.21 1.02 Page 17 For the Month Ending February 29, 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 Security Type/Description Next Call Market YTMEffective Duration Corporate Note 1.02 3,327.59 3,796.80 178,056.55 101.75 RBC 175,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 1.21 1.02 1.04 4,777.24 5,754.30 304,221.30 101.41 CITIGRP 300,000.00 904764AZ0UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 1.41 1.04 1.09 862.50 874.85 50,854.85 101.71 JPM_CHAS 50,000.00 89236TEU5TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 1.41 1.09 1.02 274.15 279.52 40,271.52 100.68 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.39 1.04 1.02 274.15 279.52 40,271.52 100.68 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.39 1.04 1.02 303.54 (588.20) 50,560.80 101.12 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.49 1.03 1.02 303.54 (588.20) 50,560.80 101.12 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.49 1.03 1.02 600.88 (1,204.40) 101,121.60 101.12 03/15/21KEYBAN 100,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 1.49 1.03 1.02 1,370.76 1,397.60 201,357.60 100.68 03/15/21MERRILL 200,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 1.39 1.04 1.11 247.28 118.58 25,312.58 101.25 MERRILL 25,000.00 06051GFW4BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 1.51 1.11 1.07 1,569.04 1,917.80 201,453.80 100.73 04/04/21KEYBAN 200,000.00 0258M0EB1AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 1.63 1.09 1.17 473.06 476.14 20,470.94 102.35 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.11 1.17 1.17 473.06 476.14 20,470.94 102.35 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.11 1.17 1.09 165.64 178.05 25,161.55 100.65 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.50 1.11 Page 18 For the Month Ending February 29, 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 Security Type/Description Next Call Market YTMEffective Duration Corporate Note 1.09 165.64 178.05 25,161.55 100.65 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.50 1.11 1.17 2,365.31 2,380.70 102,354.70 102.35 MERRILL 100,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 1.11 1.17 1.09 993.83 1,068.30 150,969.30 100.65 04/09/21SCOTIA 150,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 1.50 1.11 1.18 527.62 537.75 25,520.50 102.08 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.36 1.18 1.18 527.62 537.75 25,520.50 102.08 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.36 1.18 1.18 2,638.11 2,688.75 127,602.50 102.08 MERRILL 125,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 1.36 1.18 1.20 129.50 200.08 25,105.58 100.42 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.60 1.20 1.20 129.50 200.08 25,105.58 100.42 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.60 1.20 1.20 388.50 600.23 75,316.73 100.42 GOLDMAN 75,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 1.60 1.20 1.20 750.89 751.49 35,750.44 102.14 CSFB 35,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 1.48 1.20 1.20 4,290.77 4,294.20 204,288.20 102.14 CSFB 200,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 1.48 1.20 0.58 159.29 159.29 35,159.29 100.46 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.03 0.58 0.58 159.29 159.29 35,159.29 100.46 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.03 0.58 0.58 910.20 910.20 200,910.20 100.46 10/01/20MERRILL 200,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 2.03 0.58 1.80 1,459.59 1,592.40 51,371.90 102.74 MITSU 50,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 1.15 1.80 1.80 8,027.74 8,758.20 282,545.45 102.74 MITSU 275,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 1.15 1.80 Page 19 For the Month Ending February 29, 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 Security Type/Description Next Call Market YTMEffective Duration Corporate Note 2.11 347.09 347.09 15,347.09 102.31 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.42 2.11 2.11 347.09 347.09 15,347.09 102.31 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.42 2.11 2.11 1,735.43 1,735.43 76,735.43 102.31 MERRILL 75,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 2.42 2.11 2.90 22,177.13 22,177.13 697,177.13 103.29 JPM_CHAS 675,000.00 46647PBB1JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 2.10 2.90 3.64 23,487.03 22,927.60 425,775.60 106.44 CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 1.78 3.64 3.82 14,557.34 11,807.20 434,723.20 108.68 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 1.71 3.82 4.09 14,631.88 14,872.80 412,888.80 103.22 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 1.63 4.09 4.01 14,347.85 12,105.20 430,737.20 107.68 SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 2.00 4.01 4.32 6,243.05 6,395.20 404,763.20 101.19 JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 1.48 4.32 4.39 3,938.72 3,923.40 204,803.40 102.40 MORGAN_S 200,000.00 06406RAL1BANK OF NY MELLON CORP DTD 10/24/2019 2.100% 10/24/2024 1.56 4.39 142,552.85 1.62 2.32 148,689.09 6,589,498.15 6,405,000.00 Security Type Sub-Total 2.32 Certificate of Deposit 0.01 (12.60)(12.60) 299,987.40 100.00 UBS 300,000.00 90275DHG8UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 2.17 0.01 0.26 124.02 133.89 30,122.49 100.41 GOLDMAN 30,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.55 0.26 0.26 206.70 223.15 50,204.15 100.41 GOLDMAN 50,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.55 0.26 0.26 1,240.22 1,338.90 301,224.90 100.41 GOLDMAN 300,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.55 0.26 0.42 209.10 209.10 100,209.10 100.21 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.64 0.42 Page 20 For the Month Ending February 29, 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 Security Type/Description Next Call Market YTMEffective Duration Certificate of Deposit 0.42 209.10 209.10 100,209.10 100.21 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.64 0.42 0.42 1,129.14 1,129.14 541,129.14 100.21 JPM_CHAS 540,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.64 0.42 0.43 4,803.90 4,803.90 674,803.90 100.72 BMO 670,000.00 06370REU9BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 1.50 0.43 0.71 461.80 461.80 100,461.80 100.46 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.64 0.71 0.71 461.80 461.80 100,461.80 100.46 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.64 0.71 0.71 2,770.80 2,770.80 602,770.80 100.46 MERRILL 600,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.64 0.71 1.24 947.35 947.35 50,947.35 101.89 RBC 50,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.73 1.24 1.24 1,894.70 1,894.70 101,894.70 101.89 RBC 100,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.73 1.24 1.24 9,947.18 9,947.18 534,947.18 101.89 RBC 525,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.73 1.24 2.43 932.80 932.80 400,932.80 100.23 BARCLAYS 400,000.00 83050PDR7SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 1.78 2.43 25,451.01 1.68 0.78 25,326.01 3,990,306.61 3,965,000.00 Security Type Sub-Total 0.78 Asset-Backed Security 1.05 5,340.58 5,341.68 305,339.01 101.78 SOCGEN 300,000.00 05586CAD6BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 1.68 0.88 1.21 3,774.99 3,787.68 278,752.65 101.36 RBC 275,000.00 36256GAE9GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 2.18 0.81 1.45 7,701.42 7,717.80 382,661.74 102.04 JPM_CHAS 375,000.00 43815AAC6HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 1.76 1.14 1.58 5,479.60 5,483.43 330,469.78 101.68 CITIGRP 325,000.00 92869BAD4VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 2.19 1.12 Page 21 For the Month Ending February 29, 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 Security Type/Description Next Call Market YTMEffective Duration Asset-Backed Security 1.61 4,732.66 4,755.33 304,685.37 101.56 JPM_CHAS 300,000.00 36255JAD6GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 2.06 0.89 1.65 6,854.05 6,869.13 356,821.43 101.95 BARCLAYS 350,000.00 14313FAD1CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 1.96 1.10 1.77 8,185.90 8,186.96 358,183.74 102.34 MERRILL 350,000.00 14315EAC4CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 2.05 1.33 1.85 4,921.28 4,927.99 274,898.10 101.81 RBC 270,000.00 36256XAD4GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 2.00 1.12 2.23 9,823.39 9,843.84 809,642.40 101.21 RBC 800,000.00 14041NFU0COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 1.18 2.40 56,913.84 1.79 1.69 56,813.87 3,401,454.22 3,345,000.00 Security Type Sub-Total 1.38 29,873,341.41 30,612,282.92 786,073.86 762,735.84 2.59 1.27 Managed Account Sub-Total 2.57 Money Market Mutual Fund 0.00 0.00 0.00 856,217.45 1.00 856,217.45 CAMP Pool 0.00 856,217.45 856,217.45 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $31,622,659.76 $154,159.39 $31,468,500.37 Accrued Interest Securities Sub-Total $30,729,558.86 $786,073.86 $762,735.84 2.59 1.27% 2.57 Page 22 For the Month Ending February 29, 2020Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method BUY 02/07/20 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 912828XX3 (333,823.24)(678.57)(334,501.81) 325,000.00 02/03/20 (678.57) (334,501.81)(333,823.24) 325,000.00 Transaction Type Sub-Total INTEREST 02/01/20 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 05531FAZ6 0.00 806.25 806.25 75,000.00 02/01/20 02/01/20 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 05531FAZ6 0.00 268.75 268.75 25,000.00 02/01/20 02/01/20 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 157411TK5 0.00 326.82 326.82 100,000.00 02/01/20 02/01/20 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 05531FAZ6 0.00 268.75 268.75 25,000.00 02/01/20 02/25/20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 0.00 468.38 468.38 132,741.47 02/01/20 02/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.13 90.13 35,000.00 02/01/20 02/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 377.48 377.48 126,984.03 02/01/20 02/25/20 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 0.00 322.74 322.74 120,915.90 02/01/20 02/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.13 90.13 35,000.00 02/01/20 02/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 75.49 75.49 25,396.80 02/01/20 02/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 412.00 412.00 160,000.00 02/01/20 02/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 75.50 75.50 25,396.80 02/01/20 02/05/20 IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 44932HAG8 0.00 3,975.00 3,975.00 300,000.00 02/05/20 Page 23 For the Month Ending February 29, 2020Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 02/07/20 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 96121T4A3 0.00 1,025.00 1,025.00 100,000.00 02/07/20 02/07/20 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 96121T4A3 0.00 5,535.00 5,535.00 540,000.00 02/07/20 02/07/20 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 96121T4A3 0.00 1,025.00 1,025.00 100,000.00 02/07/20 02/15/20 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 14315EAC4 0.00 980.00 980.00 350,000.00 02/15/20 02/15/20 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 14313FAD1 0.00 912.92 912.92 350,000.00 02/15/20 02/15/20 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 02/15/20 02/15/20 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 43815AAC6 0.00 987.50 987.50 375,000.00 02/15/20 02/16/20 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 36255JAD6 0.00 755.00 755.00 300,000.00 02/16/20 02/16/20 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 36256XAD4 0.00 668.25 668.25 270,000.00 02/16/20 02/20/20 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 36256GAE9 0.00 756.25 756.25 275,000.00 02/20/20 02/20/20 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 0.00 1,360.00 1,360.00 100,000.00 02/20/20 02/20/20 BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 05586CAD6 0.00 840.00 840.00 300,000.00 02/20/20 02/20/20 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 0.00 1,360.00 1,360.00 100,000.00 02/20/20 02/20/20 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 0.00 7,820.00 7,820.00 575,000.00 02/20/20 02/20/20 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 92869BAD4 0.00 880.21 880.21 325,000.00 02/20/20 02/26/20 SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 83050PDR7 0.00 3,637.33 3,637.33 400,000.00 02/26/20 02/28/20 WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 254687FK7 0.00 3,344.44 3,344.44 400,000.00 02/28/20 Page 24 For the Month Ending February 29, 2020Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method 40,590.99 40,590.99 0.00 6,846,435.00 Transaction Type Sub-Total MATURITY 02/20/20 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 575,000.00 0.00 575,000.00 0.00 0.00 575,000.00 02/20/20 02/20/20 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 100,000.00 0.00 100,000.00 0.00 0.00 100,000.00 02/20/20 02/20/20 NORDEA BANK AB NY CD DTD 02/22/2018 2.720% 02/20/2020 65590ASN7 100,000.00 0.00 100,000.00 0.00 0.00 100,000.00 02/20/20 0.00 0.00 0.00 775,000.00 775,000.00 775,000.00 Transaction Type Sub-Total PAYDOWNS 02/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 214.00 0.00 214.00 (4.26) 0.00 214.00 02/01/20 02/25/20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 26,396.36 0.00 26,396.36 0.63 0.00 26,396.36 02/01/20 02/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 214.00 0.00 214.00 (4.26) 0.00 214.00 02/01/20 02/25/20 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 199.16 0.00 199.16 0.00 0.00 199.16 02/01/20 02/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 1,070.08 0.00 1,070.08 (21.28) 0.00 1,070.08 02/01/20 0.00 0.00 (29.17) 28,093.60 28,093.60 28,093.60 Transaction Type Sub-Total 469,270.36 39,912.42 509,182.78 (29.17) 0.00 Managed Account Sub-Total Total Security Transactions ($29.17)$509,182.78 $39,912.42 $469,270.36 $0.00 Page 25 For the Month Ending February 29, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 349,139.57 Opening Balance 02/03/20 02/03/20 Purchase - Interest 05531FAZ6 1.00 268.75 349,408.32 02/03/20 02/03/20 Purchase - Interest 05531FAZ6 1.00 268.75 349,677.07 02/03/20 02/03/20 Purchase - Interest 05531FAZ6 1.00 806.25 350,483.32 02/03/20 02/03/20 Purchase - Interest 157411TK5 1.00 326.82 350,810.14 02/05/20 02/05/20 Purchase - Interest 44932HAG8 1.00 3,975.00 354,785.14 02/07/20 02/07/20 Purchase - Interest 96121T4A3 1.00 5,535.00 360,320.14 02/07/20 02/07/20 Purchase - Interest 96121T4A3 1.00 1,025.00 361,345.14 02/07/20 02/07/20 Purchase - Interest 96121T4A3 1.00 1,025.00 362,370.14 02/07/20 02/07/20 Redemption - Principal 912828XX3 1.00 (333,823.24) 28,546.90 02/07/20 02/07/20 Redemption - Interest 912828XX3 1.00 (678.57) 27,868.33 02/18/20 02/18/20 Purchase - Interest 14041NFU0 1.00 1,146.67 29,015.00 02/18/20 02/18/20 Purchase - Interest 14313FAD1 1.00 912.92 29,927.92 02/18/20 02/18/20 Purchase - Interest 14315EAC4 1.00 980.00 30,907.92 02/18/20 02/18/20 Purchase - Interest 43815AAC6 1.00 987.50 31,895.42 02/18/20 02/18/20 Purchase - Interest 36255JAD6 1.00 755.00 32,650.42 02/18/20 02/18/20 Purchase - Interest 36256XAD4 1.00 668.25 33,318.67 02/20/20 02/20/20 Purchase - Interest 65590ASN7 1.00 7,820.00 41,138.67 02/20/20 02/20/20 Purchase - Interest 65590ASN7 1.00 1,360.00 42,498.67 02/20/20 02/20/20 Purchase - Interest 65590ASN7 1.00 1,360.00 43,858.67 02/20/20 02/20/20 Purchase - Interest 05586CAD6 1.00 840.00 44,698.67 02/20/20 02/20/20 Purchase - Interest 36256GAE9 1.00 756.25 45,454.92 Page 26 For the Month Ending February 29, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 02/20/20 02/20/20 Purchase - Interest 92869BAD4 1.00 880.21 46,335.13 02/20/20 02/20/20 Purchase - Principal 65590ASN7 1.00 100,000.00 146,335.13 02/20/20 02/20/20 Purchase - Principal 65590ASN7 1.00 100,000.00 246,335.13 02/20/20 02/20/20 Purchase - Principal 65590ASN7 1.00 575,000.00 821,335.13 02/25/20 02/25/20 Purchase - Interest 3136B1XP4 1.00 377.47 821,712.60 02/25/20 02/25/20 Purchase - Interest 3136B1XP4 1.00 75.50 821,788.10 02/25/20 02/25/20 Purchase - Interest 3136B1XP4 1.00 75.50 821,863.60 02/25/20 02/25/20 Purchase - Interest 3137BM6P6 1.00 412.00 822,275.60 02/25/20 02/25/20 Purchase - Interest 3137BM6P6 1.00 90.13 822,365.73 02/25/20 02/25/20 Purchase - Interest 3137BM6P6 1.00 90.13 822,455.86 02/25/20 02/25/20 Purchase - Interest 3137FKK39 1.00 322.74 822,778.60 02/25/20 02/25/20 Purchase - Interest 3137FQ3V3 1.00 468.38 823,246.98 02/25/20 02/25/20 Purchase - Principal 3136B1XP4 1.00 214.01 823,460.99 02/25/20 02/25/20 Purchase - Principal 3136B1XP4 1.00 214.01 823,675.00 02/25/20 02/25/20 Purchase - Principal 3136B1XP4 1.00 1,070.06 824,745.06 02/25/20 02/25/20 Purchase - Principal 3137FKK39 1.00 199.16 824,944.22 02/25/20 02/25/20 Purchase - Principal 3137FQ3V3 1.00 26,396.36 851,340.58 02/25/20 02/25/20 IP Fees January 2020 1.00 (2,487.28) 848,853.30 02/25/20 02/25/20 U.S. Bank Fees December 2019 1.00 (133.17) 848,720.13 02/26/20 02/26/20 Purchase - Interest 83050PDR7 1.00 3,637.33 852,357.46 02/28/20 02/28/20 Purchase - Interest 254687FK7 1.00 3,344.44 855,701.90 02/28/20 03/02/20 Accrual Income Div Reinvestment - Distributions 1.00 515.55 856,217.45 Page 27 For the Month Ending February 29, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate 856,217.45 856,217.45 856,217.45 374,317.39 943.66 0.00 (3,282,599.01) 4,029,782.76 109,033.70 515.55 856,217.45 0.00 (337,122.26) 844,200.14 349,139.57 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 February January-February 1.75% Page 28