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Item No. 14 SA Investment Report March 2020
Text File City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 www.lake-elsinore.org File Number: ID# 19-571 Agenda Date: 4/28/2020 Status: Approval FinalVersion: 1 File Type: Successor Consent Calendar In Control: City Council / Successor Agency Agenda Number: 14) Page 1 City of Lake Elsinore Printed on 4/23/2020 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: April 28, 2020 Subject: Investment Report for March 2020 Recommendation Receive and file the Investment Report for March 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 March 2020 CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 1,657,093$ 43,967$ (229,260)$ 1,471,800$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 1,657,093 43,967 (229,260) 1,473,100 INVESTMENTS Local Agency Investment Fund 16,668,751 - - 16,668,751 CAMP Investments: CAMP Pool Account 400,539 - - 400,539 U.S. Treasury Bond / Note 15,131,500 - - 15,131,500 Supra-National Agency Bond / Note 723,920 - - 723,920 Municipal Bond / Note 100,000 - - 100,000 Federal Agency Collateralized Mortgage Obligation 897,787 - - 897,787 Corporate Notes 6,446,945 - - 6,446,945 Negotiable Certificate of Deposit 3,664,856 - - 3,664,856 Asset-Backed Security / Collaterized Mortgage 3,344,540 - - 3,344,540 Sub-total Investments 47,378,837 - - 47,378,837 Market Value Adjustment: Unrealized Gain/(Loss) at 12/31/2019 353,339 - - 353,339 Total Investments 47,732,176 - - 47,732,176 Total Pooled Cash and Investments 49,389,270$ 43,967$ (229,260)$ 49,205,276$ TOTAL POOLED CASH AND INVESTMENTS 49,205,276$ 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 April 13, 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 MARCH 31, 2020 FUND NO FUND NAME AMOUNT 100 General 4,365,263$ 106 Affordable Housing In Lieu 1,181,359 107 Developer Agreement Revenue 18,747 109 Road Maintenance and Rehabilitation (SB1)798,483 110 State Gas Tax 364,973 112 Measure A 1,815,248 114 SB1186 CASP Education Program 23,268 115 Traffic Safety 34,200 118 Lake Side Facility DIF 53,787 119 Animal Shelter DIF 25,311 121 T.R.I.P.-2014A 146 135 Lighting & Landscape Maintenance - Dist. No. 1 965,060 140 Geothermal 11,574 155 CSA152 -- N.P.D.E.S.22,790 160 PEG Grant 29,417 202 La Strada RBBD 93,441 203 E.L.S.P. - S.T.I.F.2,667,343 205 Traffic Impact Fee 3,170,333 211 Storm Drain C.I.P. 685,878 220 Street Lighting C.I.P.216 221 Quimby Park C.I.P.425,271 231 Library C.I.P. 1,241,857 232 City Fire Protection 169,643 300 Insurance Service 1,423,666 305 Information Systems Service 222,518 310 Support Service 1,913 320 Facilities Service 518,348 332 CFD 2006-1 Improvement Area B, Summerly 32,817 334 CFD 2015-5 Trieste - Far West Industries 49,893 337 CFD 2016-2 Canyon Hills 66,469 338 CFD 2006-1 IA-JJ Summerly Improvement Area 59,077 340 CFD 2006-1 IA-EE Summerly Improvement Area 64,466 344 CFD 2005-2S Alberhill Ranch Services 1,431 346 CFD 2014-1 Southshore 67,413 350 CFD 98-1 Summerhill 245,502 351 CFD 2006-1 IA-II Summerly Improvement 878 354 CFD 90-2 Tuscany Hills 77,045 357 CFD 2003-2 Canyon Hills Improvement Area 147,312 369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 206,082 370 CFD 2006-1 IA-HH Summerly Improvement 63,561 371 CFD 2005-1 Serenity 104,839 372 CFD 2005-2 Alberhill Ranch Improvement Area 263,786 374 CFD 2005-4 Lakeview Villas 10,586 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 MARCH 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 MARCH 31, 2020 375 CFD 2006-4 Clurman 8,487 376 CFD 2006-3 La Strada 32,090 377 CFD 2006-6 Tessara 29,549 378 CFD 2006-8 Running Deer Estates 5,372 384 CFD 2003-2 Area B Canyon Hills Improvement Area 485,818 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 26,303 386 CFD 2007-4 Mekenna Court 8,382 388 CFD 2007-6 Holiday Inn Express 4,019 389 CFD 88-3 (2008A) West Lake Elsinore Series A 1,150,415 392 CFD 95-1 City Center 22,953 393 AD 93-1 Cottonwood Hills 388,915 394 CFD 2005-5 (2012A) Wasson Canyon 68,180 395 CFD 2018-1 Wasson Canyon II Improvement Area 417 396 CFD 2018-2 Nichols Ranch Improvement Area 2,772 500 Capital Improvement Plan 8,528,429 510 Successor To RDA Area I, II, & III 6,479,777 540 Successor To RDA Diamond Stadium 1,144,171 603 Endowment Trust - Carl Graves 56,145 604 Endowment Trust - Korn Memorial 33,325 605 Public Improvement Trust 556,335 606 Mobile Source Air Polution Reduction 374,081 608 Trust Deposit & Pre Paid Expense 1,568,889 617 Successor Agency Housing 4,757,643 620 Cost Recovery System 1,285,020 631 Lake Destratification Equipment Replacement 396,581 Total Pooled Cash & Investments 49,205,276$ DIVERSIFICATION MAXIMUM TYPES OF SECURITIES PERCENTAGE PERCENTAGE U.S. Treasury Bills 0.00%Unlimited U.S. Treasury Bond / Note 31.94%Unlimited Current Balance 15,131,500$ Supra-National Agency Bond / Note 1.53%30% Current Balance 723,920$ Municipal Bond / Note 0.21%Unlimited Current Balance 100,000$ Federal Agency Collaterized Mortgage Obligation 1.89%40.00% Current Balance 897,787$ Federal Agency Bond / Note 0.00%*Unlimited Negotiable Certificates of Deposit 7.74%30.00% Current Balance 3,664,856$ Corporate Note 13.61%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)35.18%*$65 Million Current Balance 16,668,751$ CAMP - Pooled Sweep Account 0.85%Unlimited Current Balance 400,539$ TOTAL 100.00%47,378,837$ Note: *No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. *Investment in LAIF may not exceed $65 million in each agency. FOR THE MONTH ENDING MARCH 31, 2020 SUMMARY OF POLICY LIMITATIONS C I T Y O F L A K E E L S I N O R E Local Agency Investment Fund Yield Purchase Date Maturity Rate 1.787%Daily 24-Hour Investment Beginning Balance Net Increase/(Decrease)Ending Balance Total Investments Held with Local Agency Investment Fund:19,418,751$ (2,750,000)$ 16,668,751$ 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 MARCH 31, 2020 Mar 1.787 Feb 1.912 Jan 1.967 Quarter to Date(1):2.11% 226Average Life(1): 2.29Apportionment Rate(2): 0.000062500857789 1.007481015 Earnings Ratio(2): Fair Value Factor(1): Daily(1):2.02% Treasuries 46.83% Agencies 22.41% Certificates of Deposit/Bank Notes 14.37% Time Deposits 5.43% Commercial Paper 10.31% Loans 0.64% 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 04/13/20 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) 03/31/20 $98.1 billion CAMP Investment Portfolio For the Month Ending March 31, 2020Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Opening Market Value Purchases Redemptions Change in Value Closing Market Value 856,217.45 335,873.62 (791,552.45) 0.00 $400,538.62 CAMP Pool Unsettled Trades 0.00 866.63 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 30,612,282.92 786,738.28 (303,341.71) 131,453.96 $31,227,133.45 CAMP Managed Account Unsettled Trades 0.00 29,283.94 Cash Dividends and Income March 31, 2020 February 29, 2020 Asset Summary CAMP Pool 400,538.62 856,217.45 CAMP Managed Account 31,227,133.45 30,612,282.92 $31,627,672.07 $31,468,500.37 Total Asset Allocation 1.27% CAMP Pool 98.73% CAMP Managed Account Page 1 For the Month Ending March 31, 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 $856,217.45 335,873.62 (791,552.45) $400,538.62 866.63 $30,612,282.92 (303,341.71) 0.00 786,738.28 0.00 131,453.96 $31,227,133.45 $31,468,500.37 $31,627,672.07 31,665.28 (2,323.52) (57.82) $29,283.94 300,000.00 0.00 31,665.28 3,341.71 (789,061.80) 454,054.81 0.00 Managed Account Total 30,333,734.27 30,734,272.89 181,397.55 0.00 303,341.71 31,665.28 (789,061.80) (29,849,547.08) (154,165.63) 0.00 181,397.55 791,552.45 303,341.71 31,665.28 (1,124,935.42) (30,705,764.53) (154,165.63) 866.63 Total Accrual Basis Earnings $57,364.30 $58,230.93 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending March 31, 2020Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 15,200,000.00 15,949,553.27 50.43 Supra-National Agency Bond / Note 725,000.00 734,614.25 2.32 Municipal Bond / Note 100,000.00 101,881.00 0.32 Federal Agency Collateralized Mortgage Obligation 879,999.70 911,937.19 2.88 Corporate Note 6,405,000.00 6,470,322.08 20.46 Certificate of Deposit 3,665,000.00 3,702,840.14 11.71 Asset-Backed Security 3,345,000.00 3,355,985.52 10.61 Managed Account Sub-Total 30,319,999.70 31,227,133.45 98.73% Accrued Interest 181,397.55 Total Portfolio 30,319,999.70 31,408,531.00 CAMP Pool 400,538.62 400,538.62 1.27 Total Investments 30,720,538.32 31,809,069.62 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 10.61% ABS 11.71% Cert of Deposit 20.46% Corporate Note 2.88% Fed Agency CMO 1.27% Mny Mkt Fund 0.32% Muni Bond / Note 2.32% Supra-National Agency Bond / Note 50.43% 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 8.06%7.65% 10.71% 4.44% 43.03% 26.11% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Duration to Worst Weighted Average Days to Maturity 2.58 1059 2.25% 1.16% Page 3 For the Month Ending March 31, 2020Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Credit Quality (S&P Ratings) 8.81% A 3.57% A+ 6.56% A- 5.89% A-1 2.35% A-1+ 53.30% AA+ 2.67% AA- 12.93% AAA 1.27% AAAm 2.65% BBB+ Issuer Summary Percentof HoldingsIssuer Market Value 199,997.80 0.63 AMERICAN EXPRESS CO 394,406.00 1.25 AMERICAN HONDA FINANCE 398,290.22 1.26 BANK OF AMERICA CO 675,254.81 2.14 BANK OF MONTREAL 381,364.20 1.21 BANK OF NOVA SCOTIA 324,477.55 1.03 BB&T CORPORATION 296,836.26 0.94 BMW FINANCIAL SERVICES NA LLC 400,538.62 1.27 CAMP Pool 791,687.20 2.50 CAPITAL ONE FINANCIAL CORP 708,951.92 2.24 CARMAX AUTO OWNER TRUST 101,881.00 0.32 CHAFFEY CA JT UNION HS DIST 235,593.14 0.74 CHARLES SCHWAB 349,884.93 1.11 DEERE & COMPANY 174,537.56 0.55 FANNIE MAE 737,399.63 2.33 FREDDIE MAC 278,183.18 0.88 GM FINANCIAL AUTO LEASING TRUST 575,157.62 1.82 GM FINANCIAL SECURITIZED TERM 417,541.20 1.32 GOLDMAN SACHS GROUP INC 175,797.49 0.56 HERSHEY COMPANY 376,939.16 1.19 HONDA AUTO RECEIVABLES 301,048.20 0.95 IBM CORP 408,376.00 1.29 INTERNATIONAL FINANCE CORPORATION 326,238.25 1.03 INTL BANK OF RECONSTRUCTION AND DEV 685,685.93 2.17 JP MORGAN CHASE & CO 420,896.00 1.33 MORGAN STANLEY 400,514.40 1.27 NATIONAL RURAL UTILITIES CO FINANCE CORP 139,784.26 0.44 PACCAR FINANCIAL CORP 279,758.36 0.88 PEPSICO INC 414,974.40 1.31 PNC FINANCIAL SERVICES GROUP 691,504.43 2.19 ROYAL BANK OF CANADA 406,500.00 1.29 SKANDINAVISKA ENSKILDA BANKEN AB 124,351.75 0.39 STATE STREET CORPORATION Page 4 For the Month Ending March 31, 2020Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Percentof HoldingsIssuer Market Value 805,482.40 2.54 SWEDBANK AB 400,528.00 1.27 THE BANK OF NEW YORK MELLON CORPORATION 402,932.80 1.27 THE WALT DISNEY CORPORATION 50,173.55 0.16 TOYOTA MOTOR CORP 303,686.10 0.96 UNILEVER PLC 15,949,553.27 50.42 UNITED STATES TREASURY 328,230.18 1.04 VOLKSWAGEN OF AMERICA 50,000.00 0.16 WELLS FARGO & COMPANY 742,734.30 2.35 WESTPAC BANKING CORP $31,627,672.07 Total 100.00% Page 5 For the Month Ending March 31, 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 10,160.94 10,081.03 60.03 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 15,173.44 15,044.98 66.35 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 1,143,312.50 1,076,943.15 6,007.17 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 1,585,046.88 1,496,246.86 8,328.13 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 2,078,750.00 1,945,099.34 10,922.13 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 3,196,078.13 3,055,675.62 16,792.78 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 1,044,843.80 1,005,067.41 6,830.36 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 1,723,992.27 1,640,939.54 11,270.09 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 347,039.06 333,534.10 1,642.86 333,823.24 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 533,906.25 523,959.94 2,527.47 524,355.47 03/06/2003/02/20AaaAA+ 500,000.00 912828XX3 0.85 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 1,388,156.25 1,324,109.90 6,571.43 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 2,883,093.75 2,737,759.07 13,648.35 2,739,761.72 01/07/2001/02/20AaaAA+ 2,700,000.00 912828XX3 1.66 84,667.15 15,949,553.27 15,164,460.94 1.87 15,131,499.80 15,200,000.00 Security Type Sub-Total Supra-National Agency Bond / Note Page 6 For the Month Ending March 31, 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 50,190.50 49,981.62 41.19 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 125,476.25 124,954.05 102.98 124,700.00 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 150,571.50 149,944.85 123.58 149,640.00 09/19/1709/12/17AaaAAA 150,000.00 45905UP32 1.64 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 51,047.00 49,987.82 80.51 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 51,047.00 49,987.82 80.51 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 306,282.00 299,926.92 483.08 299,775.00 03/16/1803/09/18AaaAAA 300,000.00 45950VLQ7 2.66 911.85 734,614.25 724,783.08 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 101,881.00 100,000.00 350.17 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10 350.17 101,881.00 100,000.00 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 24,933.93 24,968.66 73.48 25,260.06 04/30/1804/11/18AaaAA+ 24,767.41 3136B1XP4 2.27 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 24,933.93 24,968.66 73.48 25,260.06 04/30/1804/11/18AaaAA+ 24,767.41 3136B1XP4 2.27 Page 7 For the Month Ending March 31, 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 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 124,669.70 124,843.32 367.38 126,300.31 04/30/1804/11/18AaaAA+ 123,837.08 3136B1XP4 2.27 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 35,999.55 35,138.94 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 35,999.55 35,138.94 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 164,569.38 160,635.17 412.00 161,362.50 04/09/1804/04/18AaaAA+ 160,000.00 3137BM6P6 2.61 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 124,343.05 120,498.77 321.63 120,498.76 12/17/1812/07/18AaaAA+ 120,499.13 3137FKK39 3.11 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 108,483.92 106,126.12 185.02 106,126.13 11/26/1911/20/19AaaAA+ 106,128.67 3137FQ3V3 2.03 FHMS K043 A2 DTD 03/01/2015 3.062% 12/25/2024 268,004.18 262,382.81 637.92 262,382.81 03/25/2003/19/20AaaAA+ 250,000.00 3137BGK24 0.94 2,251.17 911,937.19 894,701.39 2.06 897,786.73 879,999.70 Security Type Sub-Total Corporate Note JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 24,978.53 24,998.83 134.06 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 50,000.00 50,172.02 403.75 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 24,969.75 24,996.89 89.58 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 24,969.75 24,996.89 89.58 24,988.50 10/26/1710/23/17A3A- 25,000.00 05531FAZ6 2.17 Page 8 For the Month Ending March 31, 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 BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 74,909.25 74,990.68 268.75 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 301,048.20 299,957.39 1,236.67 299,853.00 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 25,032.15 24,990.97 32.22 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 25,032.15 24,990.97 32.22 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 25,032.15 24,964.34 32.22 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 25,032.15 24,964.34 32.22 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 125,160.75 124,954.85 161.11 124,861.25 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 175,225.05 174,750.40 225.56 174,259.75 04/19/1804/12/18A2A 175,000.00 63743HER9 3.05 UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 303,686.10 299,487.12 206.25 298,467.00 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 50,173.55 49,992.91 688.33 49,980.00 04/13/1804/10/18A1AA- 50,000.00 89236TEU5 2.96 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 39,965.48 39,997.56 368.89 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 39,965.48 39,997.56 368.89 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 50,251.65 50,236.91 576.39 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.00 Page 9 For the Month Ending March 31, 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 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 50,251.65 50,236.91 576.39 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 100,503.30 100,479.53 1,152.78 102,326.00 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 199,827.40 199,987.80 1,844.44 199,960.00 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 25,156.58 25,060.58 295.31 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 199,997.80 199,892.79 1,825.00 199,536.00 05/31/1605/25/16A2A- 200,000.00 0258M0EB1 2.30 PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 19,969.18 19,998.02 242.83 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 19,969.18 19,998.02 242.83 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 24,953.60 24,996.19 200.73 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 24,953.60 24,996.19 200.73 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 99,845.90 99,990.12 1,214.17 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 149,721.60 149,977.17 1,204.38 149,901.00 05/16/1605/10/16A3A- 150,000.00 05531FAV5 2.06 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,113.93 24,993.36 292.78 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.12 Page 10 For the Month Ending March 31, 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 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,113.93 24,993.36 292.78 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 125,569.63 124,966.81 1,463.89 124,913.75 05/10/1805/03/18A1A 125,000.00 427866BA5 3.12 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 24,870.35 24,977.69 178.75 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 24,870.35 24,977.69 178.75 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 74,611.05 74,933.08 536.25 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 35,088.34 34,999.58 410.76 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 200,504.80 199,997.60 2,347.22 199,994.00 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 34,625.15 35,000.00 407.40 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 34,625.15 35,000.00 407.40 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 197,858.00 200,000.00 2,328.00 200,000.00 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 49,985.60 49,916.18 312.85 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 274,920.80 274,538.99 1,720.66 273,787.25 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 15,146.48 15,000.00 195.36 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 15,146.48 15,000.00 195.36 15,000.00 05/17/1805/14/18A2A- 15,000.00 06051GHH5 3.50 Page 11 For the Month Ending March 31, 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 BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 75,732.38 75,000.00 976.80 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 685,685.93 675,000.00 10,823.63 675,000.00 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 414,974.40 402,242.46 2,644.44 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 420,896.00 419,784.04 6,544.44 422,916.00 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 394,406.00 398,288.81 2,506.67 398,016.00 07/15/1907/11/19A3A 400,000.00 02665WCZ2 2.51 GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 417,541.20 416,093.56 3,550.56 418,632.00 07/11/1907/08/19A3BBB+ 400,000.00 38141EC23 2.84 WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 402,932.80 398,545.86 602.78 398,368.00 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 199,521.40 200,850.76 1,831.67 200,880.00 01/28/2001/21/20A1A 200,000.00 06406RAL1 2.00 54,695.48 6,470,322.08 6,440,153.78 2.66 6,446,945.30 6,405,000.00 Security Type Sub-Total Certificate of Deposit BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 30,107.70 29,998.96 297.73 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 50,179.50 49,998.26 496.22 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 301,077.00 299,989.57 2,977.33 299,886.00 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 100,369.50 100,000.00 307.50 100,000.00 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 100,369.50 100,000.00 307.50 100,000.00 08/07/1708/03/17P-1A-1+ 100,000.00 96121T4A3 2.05 Page 12 For the Month Ending March 31, 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 WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 541,995.30 540,000.00 1,660.50 540,000.00 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 675,254.81 670,000.00 14,248.67 670,000.00 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 100,685.30 100,000.00 851.25 100,000.00 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 100,685.30 100,000.00 851.25 100,000.00 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 604,111.80 600,000.00 5,107.50 600,000.00 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 51,222.55 50,000.00 513.00 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 102,445.10 100,000.00 1,026.00 100,000.00 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 537,836.78 525,000.00 5,386.50 525,000.00 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 406,500.00 400,000.00 723.33 400,000.00 09/03/1908/29/19Aa2A+ 400,000.00 83050PDR7 1.88 34,754.28 3,702,840.14 3,664,986.79 2.63 3,664,855.60 3,665,000.00 Security Type Sub-Total Asset-Backed Security BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 296,836.26 299,998.49 308.00 299,997.33 10/17/1810/10/18AaaAAA 300,000.00 05586CAD6 3.36 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 278,183.18 274,978.40 277.29 274,964.97 09/26/1809/18/18AaaAAA 275,000.00 36256GAE9 3.31 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 376,939.16 374,961.42 526.67 374,943.94 11/28/1811/20/18AaaAAA 375,000.00 43815AAC6 3.17 Page 13 For the Month Ending March 31, 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 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 328,230.18 324,990.43 322.74 324,986.35 11/21/1811/15/18AaaAAA 325,000.00 92869BAD4 3.25 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 303,234.00 299,953.88 377.50 299,930.04 07/18/1807/11/18NRAAA 300,000.00 36255JAD6 3.03 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 353,295.50 349,968.17 486.89 349,952.30 07/25/1807/18/18NRAAA 350,000.00 14313FAD1 3.36 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 355,656.42 349,997.89 522.67 349,996.78 10/24/1810/17/18NRAAA 350,000.00 14315EAC4 3.36 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 271,923.62 269,977.32 334.13 269,970.11 01/16/1901/08/19AaaAAA 270,000.00 36256XAD4 2.97 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 791,687.20 799,822.29 611.56 799,798.56 09/05/1908/28/19NRAAA 800,000.00 14041NFU0 1.73 3,767.45 3,355,985.52 3,344,648.29 2.88 3,344,540.38 3,345,000.00 Security Type Sub-Total 30,319,999.70 30,309,547.81 2.25 181,397.55 30,333,734.27 31,227,133.45 Managed Account Sub-Total Money Market Mutual Fund CAMP Pool 400,538.62 400,538.62 0.00 400,538.62 NRAAAm 400,538.62 400,538.62 400,538.62 0.00 400,538.62 400,538.62 Money Market Sub-Total $30,720,538.32 $30,710,086.43 $181,397.55 $30,734,272.89 $31,627,672.07 2.25% $31,809,069.62 $181,397.55 Total Investments Accrued Interest Securities Sub-Total Page 14 For the Month Ending March 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 Security Type/Description Next Call Market YTMEffective Duration U.S. Treasury Bond / Note 0.74 79.91 (341.40) 10,160.94 101.61 MERRILL 10,000.00 912828A83US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 0.23 0.74 0.74 128.46 (95.50) 15,173.44 101.16 MORGANST 15,000.00 912828N48US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 0.21 0.74 3.08 66,369.35 73,261.72 1,143,312.50 103.94 SOCGEN 1,100,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.37 3.08 3.08 88,800.02 96,742.19 1,585,046.88 103.94 MORGAN_S 1,525,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.37 3.08 3.08 133,650.66 151,328.13 2,078,750.00 103.94 MORGAN_S 2,000,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.37 3.08 3.08 140,402.51 145,221.68 3,196,078.13 103.94 MORGAN_S 3,075,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.37 3.08 3.47 39,776.39 39,101.61 1,044,843.80 104.48 BNP_PARI 1,000,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 0.36 3.47 3.47 83,052.73 84,884.85 1,723,992.27 104.48 MERRILL 1,650,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 0.36 3.47 4.08 13,504.96 13,215.82 347,039.06 106.78 HSBC 325,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.39 4.08 4.08 9,946.31 9,550.78 533,906.25 106.78 HSBC 500,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.39 4.08 4.08 64,046.35 61,851.56 1,388,156.25 106.78 MORGAN_S 1,300,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.39 4.08 4.08 145,334.68 143,332.03 2,883,093.75 106.78 HSBC 2,700,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.39 4.08 818,053.47 0.38 3.47 785,092.33 15,949,553.27 15,200,000.00 Security Type Sub-Total 3.47 Supra-National Agency Bond / Note 0.45 208.88 310.50 50,190.50 100.38 HSBC 50,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 0.70 0.45 0.45 522.20 776.25 125,476.25 100.38 HSBC 125,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 0.70 0.45 Page 15 For the Month Ending March 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 Security Type/Description Next Call Market YTMEffective Duration Supra-National Agency Bond / Note 0.45 626.65 931.50 150,571.50 100.38 HSBC 150,000.00 45905UP32INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 0.70 0.45 0.93 1,059.18 1,084.50 51,047.00 102.09 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 0.40 0.93 0.93 1,059.18 1,084.50 51,047.00 102.09 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 0.40 0.93 0.93 6,355.08 6,507.00 306,282.00 102.09 HSBC 300,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 0.40 0.93 10,694.25 0.53 0.72 9,831.17 734,614.25 725,000.00 Security Type Sub-Total 0.72 Municipal Bond / Note 4.12 1,881.00 1,881.00 101,881.00 101.88 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 1.65 4.12 1,881.00 1.65 4.12 1,881.00 101,881.00 100,000.00 Security Type Sub-Total 4.12 Federal Agency Collateralized Mortgage Obligation 0.77 (34.73)(326.13) 24,933.93 100.67 JPM_CHAS 24,767.41 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.38 0.98 0.77 (34.73)(326.13) 24,933.93 100.67 JPM_CHAS 24,767.41 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.38 0.98 0.77 (173.62)(1,630.61) 124,669.70 100.67 JPM_CHAS 123,837.08 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 2.38 0.98 1.23 860.61 701.50 35,999.55 102.86 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.62 2.12 1.23 860.61 701.50 35,999.55 102.86 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.62 2.12 1.23 3,934.21 3,206.88 164,569.38 102.86 CITIGRP 160,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 0.62 2.12 Page 16 For the Month Ending March 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 Security Type/Description Next Call Market YTMEffective Duration Federal Agency Collateralized Mortgage Obligation 1.68 3,844.28 3,844.29 124,343.05 103.19 CSFB 120,499.13 3137FKK39FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 1.20 1.59 2.17 2,357.80 2,357.79 108,483.92 102.22 JPM_CHAS 106,128.67 3137FQ3V3FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 1.02 2.77 2.40 5,621.37 5,621.37 268,004.18 107.20 CITIGRP 250,000.00 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/25/2024 0.05 4.31 14,150.46 0.92 1.66 17,235.80 911,937.19 879,999.70 Security Type Sub-Total 2.55 Corporate Note 0.23 (20.30)(6.22) 24,978.53 99.91 DEUTSCHE 25,000.00 24422ETS8JOHN DEERE CAPITAL CORP NOTES DTD 06/22/2017 1.950% 06/22/2020 2.29 0.23 0.67 (172.02)(1,108.00) 50,000.00 100.00 UBS AG 50,000.00 94974BGR5WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 2.55 0.67 0.82 (27.14)(18.75) 24,969.75 99.88 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 2.30 0.49 0.82 (27.14)(18.75) 24,969.75 99.88 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 2.30 0.49 0.82 (81.43)(56.25) 74,909.25 99.88 01/01/21MORGAN_S 75,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLABLE) NOTES DTD 10/26/2017 2.150% 02/01/2021 2.30 0.49 0.83 1,090.81 1,195.20 301,048.20 100.35 BNP_PARI 300,000.00 44932HAG8IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 2.23 0.83 0.94 41.18 59.90 25,032.15 100.13 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.76 0.94 0.94 41.18 59.90 25,032.15 100.13 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.76 0.94 0.94 67.81 137.90 25,032.15 100.13 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.76 0.94 0.94 67.81 137.90 25,032.15 100.13 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.76 0.94 Page 17 For the Month Ending March 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 Security Type/Description Next Call Market YTMEffective Duration Corporate Note 0.94 205.90 299.50 125,160.75 100.13 RBC 125,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.76 0.94 0.94 474.65 965.30 175,225.05 100.13 RBC 175,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 2.76 0.94 0.96 4,198.98 5,219.10 303,686.10 101.23 CITIGRP 300,000.00 904764AZ0UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 1.48 0.96 1.00 180.64 193.55 50,173.55 100.35 JPM_CHAS 50,000.00 89236TEU5TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 2.61 1.00 1.01 (32.08)(26.52) 39,965.48 99.91 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 2.08 0.58 1.01 (32.08)(26.52) 39,965.48 99.91 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 2.08 0.58 0.93 14.74 (897.35) 50,251.65 100.50 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 2.01 0.58 0.93 14.74 (897.35) 50,251.65 100.50 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 2.01 0.58 0.93 23.77 (1,822.70) 100,503.30 100.50 03/15/21KEYBAN 100,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 2.01 0.58 1.01 (160.40)(132.60) 199,827.40 99.91 03/15/21MERRILL 200,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 2.08 0.58 1.02 96.00 (37.42) 25,156.58 100.63 MERRILL 25,000.00 06051GFW4BANK OF AMERICA CORP NOTE DTD 04/19/2016 2.625% 04/19/2021 2.02 1.02 1.07 105.01 461.80 199,997.80 100.00 04/04/21KEYBAN 200,000.00 0258M0EB1AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 2.25 0.63 1.07 (28.84)(25.62) 19,969.18 99.85 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 3.24 1.07 1.07 (28.84)(25.62) 19,969.18 99.85 MERRILL 20,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 3.24 1.07 Page 18 For the Month Ending March 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 Security Type/Description Next Call Market YTMEffective Duration Corporate Note 1.08 (42.59)(29.90) 24,953.60 99.81 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 2.22 0.65 1.08 (42.59)(29.90) 24,953.60 99.81 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 2.22 0.65 1.07 (144.22)(128.10) 99,845.90 99.85 MERRILL 100,000.00 69371RP26PACCAR FINANCIAL CORP DTD 05/10/2018 3.100% 05/10/2021 3.24 1.07 1.08 (255.57)(179.40) 149,721.60 99.81 04/09/21SCOTIA 150,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 2.22 0.65 1.09 120.57 131.18 25,113.93 100.46 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 2.68 1.09 1.09 120.57 131.18 25,113.93 100.46 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 2.68 1.09 1.09 602.82 655.88 125,569.63 100.46 MERRILL 125,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 2.68 1.09 1.11 (107.34)(35.15) 24,870.35 99.48 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 2.42 1.11 1.11 (107.34)(35.15) 24,870.35 99.48 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 2.42 1.11 1.11 (322.03)(105.45) 74,611.05 99.48 GOLDMAN 75,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 2.42 1.11 1.10 88.76 89.39 35,088.34 100.25 CSFB 35,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 3.02 1.10 1.10 507.20 510.80 200,504.80 100.25 CSFB 200,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 3.02 1.10 1.44 (374.85)(374.85) 34,625.15 98.93 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 3.06 0.50 1.44 (374.85)(374.85) 34,625.15 98.93 10/01/20MERRILL 35,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 3.06 0.50 1.44 (2,142.00)(2,142.00) 197,858.00 98.93 10/01/20MERRILL 200,000.00 06051GGS2BANK OF AMERICA CORP (CALLABLE) DTD 09/18/2017 2.328% 10/01/2021 3.06 0.50 Page 19 For the Month Ending March 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 Security Type/Description Next Call Market YTMEffective Duration Corporate Note 1.70 69.42 206.10 49,985.60 99.97 MITSU 50,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 2.67 1.70 1.70 381.81 1,133.55 274,920.80 99.97 MITSU 275,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 2.67 1.70 2.01 146.48 146.48 15,146.48 100.98 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 3.02 2.01 2.01 146.48 146.48 15,146.48 100.98 MERRILL 15,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 3.02 2.01 2.01 732.38 732.38 75,732.38 100.98 MERRILL 75,000.00 06051GHH5BANK OF AMERICA CORP NOTES DTD 05/17/2018 3.499% 05/17/2022 3.02 2.01 2.80 10,685.93 10,685.93 685,685.93 101.58 JPM_CHAS 675,000.00 46647PBB1JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 2.65 2.80 3.54 12,731.94 12,126.40 414,974.40 103.74 CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 2.46 3.54 3.71 1,111.96 (2,020.00) 420,896.00 105.22 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 2.52 3.71 3.97 (3,882.81)(3,610.00) 394,406.00 98.60 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 2.75 3.97 3.90 1,447.64 (1,090.80) 417,541.20 104.39 SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 2.75 3.90 4.23 4,386.94 4,564.80 402,932.80 100.73 JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 1.58 4.23 4.29 (1,329.36)(1,358.60) 199,521.40 99.76 MORGAN_S 200,000.00 06406RAL1BANK OF NY MELLON CORP DTD 10/24/2019 2.100% 10/24/2024 2.16 4.29 23,376.78 2.46 2.26 30,168.30 6,470,322.08 6,405,000.00 Security Type Sub-Total 2.16 Certificate of Deposit 0.18 108.74 119.10 30,107.70 100.36 GOLDMAN 30,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.03 0.18 0.18 181.24 198.50 50,179.50 100.36 GOLDMAN 50,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.03 0.18 0.18 1,087.43 1,191.00 301,077.00 100.36 GOLDMAN 300,000.00 06417GU22BANK OF NOVA SCOTIA HOUSTON CD DTD 06/07/2018 3.080% 06/05/2020 1.03 0.18 Page 20 For the Month Ending March 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 Security Type/Description Next Call Market YTMEffective Duration Certificate of Deposit 0.34 369.50 369.50 100,369.50 100.37 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.34 0.34 0.34 369.50 369.50 100,369.50 100.37 JPM_CHAS 100,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.34 0.34 0.34 1,995.30 1,995.30 541,995.30 100.37 JPM_CHAS 540,000.00 96121T4A3WESTPAC BANKING CORP NY CD DTD 08/07/2017 2.050% 08/03/2020 1.34 0.34 0.35 5,254.81 5,254.81 675,254.81 100.78 BMO 670,000.00 06370REU9BANK OF MONTREAL CHICAGO CERT DEPOS DTD 08/03/2018 3.190% 08/03/2020 0.90 0.35 0.63 685.30 685.30 100,685.30 100.69 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.21 0.63 0.63 685.30 685.30 100,685.30 100.69 MERRILL 100,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.21 0.63 0.63 4,111.80 4,111.80 604,111.80 100.69 MERRILL 600,000.00 87019U6D6SWEDBANK (NEW YORK) CERT DEPOS DTD 11/17/2017 2.270% 11/16/2020 1.21 0.63 1.15 1,222.55 1,222.55 51,222.55 102.45 RBC 50,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.15 1.15 1.15 2,445.10 2,445.10 102,445.10 102.45 RBC 100,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.15 1.15 1.15 12,836.78 12,836.78 537,836.78 102.45 RBC 525,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 1.15 1.15 2.35 6,500.00 6,500.00 406,500.00 101.63 BARCLAYS 400,000.00 83050PDR7SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 1.20 2.35 37,984.54 1.15 0.76 37,853.35 3,702,840.14 3,665,000.00 Security Type Sub-Total 0.76 Asset-Backed Security 0.99 (3,162.23)(3,161.07) 296,836.26 98.95 SOCGEN 300,000.00 05586CAD6BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 4.42 0.83 1.17 3,204.78 3,218.21 278,183.18 101.16 RBC 275,000.00 36256GAE9GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 2.31 0.70 1.39 1,977.74 1,995.22 376,939.16 100.52 JPM_CHAS 375,000.00 43815AAC6HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 2.79 1.07 Page 21 For the Month Ending March 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 Security Type/Description Next Call Market YTMEffective Duration Asset-Backed Security 1.53 3,239.75 3,243.83 328,230.18 100.99 CITIGRP 325,000.00 92869BAD4VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 2.60 1.07 1.56 3,280.12 3,303.96 303,234.00 101.08 JPM_CHAS 300,000.00 36255JAD6GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 2.33 0.91 1.60 3,327.33 3,343.20 353,295.50 100.94 BARCLAYS 350,000.00 14313FAD1CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 2.54 1.01 1.72 5,658.53 5,659.64 355,656.42 101.62 MERRILL 350,000.00 14315EAC4CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 2.43 1.31 1.80 1,946.30 1,953.51 271,923.62 100.71 RBC 270,000.00 36256XAD4GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 2.58 1.18 2.17 (8,135.09)(8,111.36) 791,687.20 98.96 RBC 800,000.00 14041NFU0COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 2.20 2.30 11,445.14 2.61 1.64 11,337.23 3,355,985.52 3,345,000.00 Security Type Sub-Total 1.32 30,319,999.70 31,227,133.45 917,585.64 893,399.18 2.58 1.16 Managed Account Sub-Total 2.55 Money Market Mutual Fund 0.00 0.00 0.00 400,538.62 1.00 400,538.62 CAMP Pool 0.00 400,538.62 400,538.62 0.00 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $31,809,069.62 $181,397.55 $31,627,672.07 Accrued Interest Securities Sub-Total $30,720,538.32 $917,585.64 $893,399.18 2.58 1.16% 2.55 Page 22 For the Month Ending March 31, 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 03/06/20 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 912828XX3 (524,355.47)(1,813.19)(526,168.66) 500,000.00 03/02/20 03/25/20 FHMS K043 A2 DTD 03/01/2015 3.062% 12/25/2024 3137BGK24 (262,382.81)(510.33)(262,893.14) 250,000.00 03/19/20 (2,323.52) (789,061.80)(786,738.28) 750,000.00 Transaction Type Sub-Total INTEREST 03/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.13 90.13 35,000.00 03/01/20 03/25/20 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 0.00 322.21 322.21 120,716.74 03/01/20 03/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 412.00 412.00 160,000.00 03/01/20 03/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 75.60 75.60 25,182.80 03/01/20 03/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 378.00 378.00 125,913.95 03/01/20 03/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 0.00 75.60 75.60 25,182.80 03/01/20 03/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/25/2022 3137BM6P6 0.00 90.13 90.13 35,000.00 03/01/20 03/25/20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 0.00 185.39 185.39 106,345.12 03/01/20 03/02/20 UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 90275DHG8 0.00 4,374.17 4,374.17 300,000.00 03/02/20 03/09/20 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 45950VLQ7 0.00 659.00 659.00 50,000.00 03/09/20 03/09/20 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 45950VLQ7 0.00 3,954.00 3,954.00 300,000.00 03/09/20 03/09/20 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 45950VLQ7 0.00 659.00 659.00 50,000.00 03/09/20 Page 23 For the Month Ending March 31, 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 03/12/20 INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 45905UP32 0.00 976.25 976.25 125,000.00 03/12/20 03/12/20 INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 45905UP32 0.00 1,171.50 1,171.50 150,000.00 03/12/20 03/12/20 INTL BANK OF RECONSTRUCTION AND DEV NOTE DTD 09/19/2017 1.561% 09/12/2020 45905UP32 0.00 390.50 390.50 50,000.00 03/12/20 03/15/20 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 14313FAD1 0.00 912.92 912.92 350,000.00 03/15/20 03/15/20 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 0.00 362.50 362.50 25,000.00 03/15/20 03/15/20 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 0.00 362.50 362.50 25,000.00 03/15/20 03/15/20 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 14315EAC4 0.00 980.00 980.00 350,000.00 03/15/20 03/15/20 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 03/15/20 03/15/20 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 43815AAC6 0.00 987.50 987.50 375,000.00 03/15/20 03/15/20 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 0.00 1,812.50 1,812.50 125,000.00 03/15/20 03/15/20 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 0.00 2,537.50 2,537.50 175,000.00 03/15/20 03/15/20 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 0.00 362.50 362.50 25,000.00 03/15/20 03/15/20 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 63743HER9 0.00 362.50 362.50 25,000.00 03/15/20 03/16/20 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 36255JAD6 0.00 755.00 755.00 300,000.00 03/16/20 03/16/20 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 36256XAD4 0.00 668.25 668.25 270,000.00 03/16/20 Page 24 For the Month Ending March 31, 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 03/20/20 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 36256GAE9 0.00 756.25 756.25 275,000.00 03/20/20 03/20/20 BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 05586CAD6 0.00 840.00 840.00 300,000.00 03/20/20 03/20/20 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 92869BAD4 0.00 880.21 880.21 325,000.00 03/20/20 03/22/20 UNILEVER CAPITAL CORP NOTES DTD 03/22/2018 2.750% 03/22/2021 904764AZ0 0.00 4,125.00 4,125.00 300,000.00 03/22/20 31,665.28 31,665.28 0.00 5,703,341.41 Transaction Type Sub-Total MATURITY 03/02/20 UBS AG STAMFORD CT LT CD DTD 03/06/2018 2.900% 03/02/2020 90275DHG8 300,000.00 0.00 300,000.00 0.00 0.00 300,000.00 03/02/20 0.00 0.00 0.00 300,000.00 300,000.00 300,000.00 Transaction Type Sub-Total PAYDOWNS 03/25/20 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 217.61 0.00 217.61 0.00 0.00 217.61 03/01/20 03/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 415.39 0.00 415.39 (8.26) 0.00 415.39 03/01/20 03/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 415.39 0.00 415.39 (8.26) 0.00 415.39 03/01/20 03/25/20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/25/2024 3137FQ3V3 216.45 0.00 216.45 0.01 0.00 216.45 03/01/20 03/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/25/2021 3136B1XP4 2,076.87 0.00 2,076.87 (41.31) 0.00 2,076.87 03/01/20 0.00 0.00 (57.82) 3,341.71 3,341.71 3,341.71 Transaction Type Sub-Total (483,396.57) 29,341.76 (454,054.81)(57.82) 0.00 Managed Account Sub-Total Total Security Transactions ($57.82)($454,054.81)$29,341.76 ($483,396.57)$0.00 Page 25 For the Month Ending March 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 856,217.45 Opening Balance 03/02/20 03/02/20 Purchase - Interest 90275DHG8 1.00 4,374.17 860,591.62 03/02/20 03/02/20 Purchase - Principal 90275DHG8 1.00 300,000.00 1,160,591.62 03/06/20 03/06/20 Redemption - Principal 912828XX3 1.00 (524,355.47) 636,236.15 03/06/20 03/06/20 Redemption - Interest 912828XX3 1.00 (1,813.19) 634,422.96 03/09/20 03/09/20 Purchase - Interest 45950VLQ7 1.00 3,954.00 638,376.96 03/09/20 03/09/20 Purchase - Interest 45950VLQ7 1.00 659.00 639,035.96 03/09/20 03/09/20 Purchase - Interest 45950VLQ7 1.00 659.00 639,694.96 03/12/20 03/12/20 Purchase - Interest 45905UP32 1.00 390.50 640,085.46 03/12/20 03/12/20 Purchase - Interest 45905UP32 1.00 976.25 641,061.71 03/12/20 03/12/20 Purchase - Interest 45905UP32 1.00 1,171.50 642,233.21 03/16/20 03/16/20 Purchase - Interest 63743HER9 1.00 2,537.50 644,770.71 03/16/20 03/16/20 Purchase - Interest 63743HER9 1.00 362.50 645,133.21 03/16/20 03/16/20 Purchase - Interest 63743HER9 1.00 362.50 645,495.71 03/16/20 03/16/20 Purchase - Interest 63743HER9 1.00 1,812.50 647,308.21 03/16/20 03/16/20 Purchase - Interest 63743HER9 1.00 362.50 647,670.71 03/16/20 03/16/20 Purchase - Interest 63743HER9 1.00 362.50 648,033.21 03/16/20 03/16/20 Purchase - Interest 14041NFU0 1.00 1,146.67 649,179.88 03/16/20 03/16/20 Purchase - Interest 14313FAD1 1.00 912.92 650,092.80 03/16/20 03/16/20 Purchase - Interest 14315EAC4 1.00 980.00 651,072.80 03/16/20 03/16/20 Purchase - Interest 43815AAC6 1.00 987.50 652,060.30 03/16/20 03/16/20 Purchase - Interest 36255JAD6 1.00 755.00 652,815.30 Page 26 For the Month Ending March 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 03/16/20 03/16/20 Purchase - Interest 36256XAD4 1.00 668.25 653,483.55 03/20/20 03/20/20 Purchase - Interest 05586CAD6 1.00 840.00 654,323.55 03/20/20 03/20/20 Purchase - Interest 36256GAE9 1.00 756.25 655,079.80 03/20/20 03/20/20 Purchase - Interest 92869BAD4 1.00 880.21 655,960.01 03/23/20 03/23/20 Purchase - Interest 904764AZ0 1.00 4,125.00 660,085.01 03/25/20 03/25/20 Purchase - Interest 3136B1XP4 1.00 378.00 660,463.01 03/25/20 03/25/20 Purchase - Interest 3136B1XP4 1.00 75.60 660,538.61 03/25/20 03/25/20 Purchase - Interest 3136B1XP4 1.00 75.60 660,614.21 03/25/20 03/25/20 Purchase - Interest 3137BM6P6 1.00 412.00 661,026.21 03/25/20 03/25/20 Purchase - Interest 3137BM6P6 1.00 90.13 661,116.34 03/25/20 03/25/20 Purchase - Interest 3137BM6P6 1.00 90.13 661,206.47 03/25/20 03/25/20 Purchase - Interest 3137FKK39 1.00 322.21 661,528.68 03/25/20 03/25/20 Purchase - Interest 3137FQ3V3 1.00 185.39 661,714.07 03/25/20 03/25/20 Purchase - Principal 3136B1XP4 1.00 2,076.87 663,790.94 03/25/20 03/25/20 Purchase - Principal 3136B1XP4 1.00 415.39 664,206.33 03/25/20 03/25/20 Purchase - Principal 3136B1XP4 1.00 415.39 664,621.72 03/25/20 03/25/20 Purchase - Principal 3137FKK39 1.00 217.61 664,839.33 03/25/20 03/25/20 Purchase - Principal 3137FQ3V3 1.00 216.45 665,055.78 03/25/20 03/25/20 Redemption - Interest 3137BGK24 1.00 (510.33) 664,545.45 03/25/20 03/25/20 Redemption - Principal 3137BGK24 1.00 (262,382.81) 402,162.64 03/25/20 03/25/20 IP Fees February 2020 1.00 (2,326.92) 399,835.72 03/25/20 03/25/20 U.S. Bank Fees January 2020 1.00 (163.73) 399,671.99 Page 27 For the Month Ending March 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 03/31/20 04/01/20 Accrual Income Div Reinvestment - Distributions 1.00 866.63 400,538.62 400,538.62 400,538.62 400,538.62 664,207.27 1,810.29 0.00 (4,074,151.46) 4,365,656.38 109,033.70 866.63 400,538.62 0.00 (791,552.45) 335,873.62 856,217.45 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 March January-March 1.50% Page 28