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Item No. 12 SA Investment Report December 2020
City Council Agenda Report City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 www.lake-elsinore.org File Number: TMP 20-0027 Agenda Date: 1/26/2021 Status: Approval FinalVersion: 1 File Type: Successor Consent Calendar In Control: City Council / Successor Agency Agenda Number: 12) SA Investment Report for December 2020 Receive and file. Page 1 City of Lake Elsinore Printed on 1/21/2021 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: January 26, 2021 Subject: Investment Report for December 2020 Recommendation Receive and file the Investment Report for December 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 December 2020 CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 6,493,867$ 21,244$ (313,086)$ 6,202,025$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 1,000 Total Cash Accounts 6,493,867 21,244 (313,086) 6,203,325 INVESTMENTS Local Agency Investment Fund 3,890,944 - - 3,890,944 CAMP Investments: CAMP Pool Account 283,965 - - 283,965 U.S. Treasury Bond / Note 10,326,556 - - 10,326,556 Supra-National Agency Bond / Note 898,625 - - 898,625 Municipal Bond / Note 1,329,846 - - 1,329,846 Federal Agency Collateralized Mortgage Obligation 722,334 - - 722,334 Federal Agency Bond / Note 6,060,687 - - 6,060,687 Corporate Notes 8,325,300 - - 8,325,300 Negotiable Certificate of Deposit 1,325,000 - - 1,325,000 Asset-Backed Security / Collaterized Mortgage 2,457,419 - - 2,457,419 Sub-total Investments 35,620,676 - - 35,620,676 Market Value Adjustment: Unrealized Gain/(Loss) at 09/30/2020 792,133 - - 792,133 Total Investments 36,412,809 - - 36,412,809 Total Pooled Cash and Investments 42,906,676$ 21,244$ (313,086)$ 42,616,134$ TOTAL POOLED CASH AND INVESTMENTS 42,616,134$ I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 23, 2020. 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 January 12, 2021 Assistant City Manager Date C I T Y O F L A K E E L S I N O R E INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS AS OF DECEMBER 31, 2020 FUND NO FUND NAME AMOUNT 100 General 4,509,533$ 103 The Anchor 336,000 106 Affordable Housing In Lieu 1,530,442 107 Developer Agreement Revenue 97,201 109 Road Maintenance and Rehabilitation (SB1)293,870 110 State Gas Tax 556,858 112 Measure A 1,831,200 113 SB821 Pedestrian Sidewalk 222,670 114 SB1186 CASP Education Program 30,523 115 Traffic Safety 39,522 119 Animal Shelter DIF 14,275 121 T.R.I.P.-2014A 148 135 Lighting & Landscape Maintenance - Dist. No. 1 1,108,841 140 Geothermal 11,844 155 CSA152 -- N.P.D.E.S.398,753 160 PEG Grant 40,924 180 Launch Pointe 124,873 202 La Strada RBBD 24,155 203 E.L.S.P. - S.T.I.F.3,184,999 205 Traffic Impact Fee 1,275,716 211 Storm Drain C.I.P. 734,114 221 Quimby Park C.I.P.597,615 231 Library C.I.P. 1,291,216 232 City Fire Protection 247,432 300 Insurance Service 1,597,815 305 Information Systems Service 357,593 320 Facilities Service 565,566 332 CFD 2006-1 Improvement Area B, Summerly 16,985 338 CFD 2006-1 IA-JJ Summerly Improvement Area 1,590 346 CFD 2014-1 Southshore 68,844 370 CFD 2006-1 IA-HH Summerly Improvement 10,076 376 CFD 2006-3 La Strada 21,200 377 CFD 2006-6 Tessara 20,009 378 CFD 2006-8 Running Deer Estates 8,281 384 CFD 2003-2 Area B Canyon Hills Improvement Area 428,524 388 CFD 2007-6 Holiday Inn Express 7,210 394 CFD 2005-5 (2012A) Wasson Canyon 45,988 395 CFD 2018-1 Wasson Canyon II Improvement Area 1,758 396 CFD 2018-2 Nichols Ranch Improvement Area 26,850 500 Capital Improvement Plan 5,252,614 510 Successor To RDA Area I, II, & III 7,613,407 C I T Y O F L A K E E L S I N O R E POOLED CASH AND INVESTMENTS BY FUND AS OF DECEMBER 31, 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 DECEMBER 31, 2020 540 Successor To RDA Diamond Stadium 44,578 603 Endowment Trust - Carl Graves 57,334 604 Endowment Trust - Korn Memorial 34,033 605 Public Improvement Trust 1,411,775 606 Mobile Source Air Polution Reduction 433,230 608 Trust Deposit & Pre Paid Expense 546,513 617 Successor Agency Housing 4,095,414 620 Cost Recovery System 1,004,633 631 Lake Destratification Equipment Replacement 441,590 Total Pooled Cash & Investments 42,616,134$ MAXIMUM DIVERSIFICATION CURRENT TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE CAMP - Pooled Sweep Account Unlimited 0.80%283,965$ U.S. Treasury Bond / Note Unlimited 28.99%10,326,556$ Supra-National Agency Bond / Note 30%2.52%898,625$ Municipal Bond / Note Unlimited 3.73%1,329,846$ Federal Agency Collaterized Mortgage Obligation 40.00%2.03%722,334$ Federal Agency Bond / Note Unlimited 17.01%(1)6,060,687$ Corporate Note 30.00%23.37%8,325,300$ Negotiable Certificates of Deposit 30.00%3.72%1,325,000$ Asset-Backed Security / Collaterized Mortgage 20%6.90%2,457,419$ LAIF (Local Agency Investment Fund)$75 Million 10.92%(2)3,890,944$ TOTAL 100.00%35,620,676$ Note: (1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. (2) Investment in LAIF may not exceed $75 million in each agency. C I T Y O F L A K E E L S I N O R E SUMMARY OF POLICY LIMITATIONS FOR THE MONTH ENDING DECEMBER 31, 2020 Local Agency Investment Fund Yield Purchase Date Maturity Rate 0.540%Daily 24-Hour Investment Beginning Balance Net Increase/(Decrease)Ending Balance Total Investments Held with Local Agency Investment Fund:3,890,944$ -$ 3,890,944$ Note: Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained. LAIF accounts are subject to a $75 million cap per agency. C I T Y O F L A K E E L S I N O R E LOCAL AGENCY INVESTMENT FUND TRANSACTION SUMMARY FOR THE MONTH ENDING DECEMBER 31, 2020 Dec 0.540 Nov 0.576 Oct 0.620 0.00002309407394024 1.004114534 LAIF Earnings Ratio(2): LAIF Fair Value Factor(1): PMIA Daily(1):0.65% 0.84LAIF Apportionment Rate(2): PMIA Quarter to Date(1):0.80% 169PMIA Average Life(1): Treasuries 55.46% Agencies 16.93% Certificates of Deposit/Bank Notes 14.47% Time Deposits 4.41% Commercial Paper 8.05% Loans 0.67% 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 01/08/21 Daily rates are now available here. View PMIA Daily Rates Quarterly Performance Quarter Ended 09/30/20 Chart does not include 0.01% of mortgages.Percentages may not total 100% due to rounding. Pooled Money Investment Account Monthly Portfolio Composition (1) 11/30/20 $103.0 billion CAMP Investment Portfolio For the Month Ending December 31, 2020Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Opening Market Value Purchases Redemptions Change in Value Closing Market Value 353,763.66 562,362.26 (632,160.58) 0.00 $283,965.34 CAMP Pool Unsettled Trades 0.00 19.08 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 31,916,347.61 624,703.00 (471,258.26) (1,312.87) $32,068,479.48 CAMP Managed Account Unsettled Trades 0.00 89,772.70 Cash Dividends and Income December 31, 2020 November 30, 2020 Asset Summary CAMP Pool 283,965.34 353,763.66 CAMP Managed Account 32,068,479.48 31,916,347.61 $32,352,444.82 $32,270,111.27 Total Asset Allocation 0.88% CAMP Pool 99.12% CAMP Managed Account Page 1 For the Month Ending December 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 $353,763.66 562,362.26 (632,160.58) $283,965.34 19.08 $31,916,347.61 (341,734.82) (129,523.44) 624,703.00 0.00 (1,312.87) $32,068,479.48 $32,270,111.27 $32,352,444.82 86,284.92 0.00 3,487.78 $89,772.70 75,887.50 129,651.79 85,269.07 266,734.82 (624,703.00) 67,159.82 0.00 Managed Account Total 31,392,238.60 31,676,203.94 87,038.10 129,651.79 342,622.32 85,269.07 (624,703.00) (31,241,377.97) (126,400.66) 0.00 87,038.10 761,812.37 342,622.32 85,269.07 (1,187,065.26) (31,595,141.63) (126,400.66) 19.08 Total Accrual Basis Earnings $44,338.25 $44,357.33 Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending December 31, 2020Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 10,100,000.00 10,632,421.88 32.86 Supra-National Agency Bond / Note 900,000.00 902,041.30 2.79 Municipal Bond / Note 1,325,000.00 1,348,852.20 4.17 Federal Agency Collateralized Mortgage Obligation 705,969.45 739,325.10 2.29 Federal Agency Bond / Note 6,075,000.00 6,082,151.96 18.80 Corporate Note 8,140,000.00 8,516,433.07 26.32 Certificate of Deposit 1,325,000.00 1,345,845.55 4.16 Asset-Backed Security 2,457,764.54 2,501,408.42 7.73 Managed Account Sub-Total 31,028,733.99 32,068,479.48 99.12% Accrued Interest 87,038.10 Total Portfolio 31,028,733.99 32,155,517.58 CAMP Pool 283,965.34 283,965.34 0.88 Total Investments 31,312,699.33 32,439,482.92 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 7.73% ABS 4.16% Cert of Deposit 26.32% Corporate Note 2.29% Fed Agency CMO 18.80% Fed Agy Bond / Note 0.88% Mny Mkt Fund 4.17% Muni Bond / Note 2.79% Supra-National Agency Bond / Note 32.86% 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 11.34% 0.32% 4.73% 31.51% 23.68% 28.42% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Weighted Average Days to Maturity 1106 1.50% 0.56% Page 3 For the Month Ending December 31, 2020Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Credit Quality (S&P Ratings) 8.86% A 4.70% A+ 7.24% A- 2.12% A-1+ 1.25% AA 57.13% AA+ 1.81% AA- 10.23% AAA 0.88% AAAm 4.78% BBB+ 1.00% NR Issuer Summary Percentof HoldingsIssuer Market Value 257,323.95 0.80 ABBOTT LABORATORIES 481,703.68 1.49 AMAZON.COM INC 200,999.40 0.62 AMERICAN EXPRESS CO 425,152.00 1.31 AMERICAN HONDA FINANCE 564,755.40 1.75 APPLE INC 256,733.55 0.79 BANK OF AMERICA CO 301,113.63 0.93 BMW FINANCIAL SERVICES NA LLC 142,524.38 0.44 BRISTOL-MYERS SQUIBB CO 283,965.34 0.88 CAMP Pool 819,542.32 2.52 CAPITAL ONE FINANCIAL CORP 539,693.20 1.67 CARMAX AUTO OWNER TRUST 226,696.05 0.70 CATERPILLAR INC 105,101.00 0.32 CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 237,059.31 0.73 CHARLES SCHWAB 248,808.15 0.77 CITIGROUP INC 250,449.50 0.77 CREDIT SUISSE GROUP RK 332,701.53 1.03 DEERE & COMPANY 1,782,273.65 5.50 FANNIE MAE 501,566.30 1.55 FEDERAL HOME LOAN BANKS 317,033.90 0.98 FLORIDA STATE BOARD OF ADMIN FIN CORP 4,537,637.11 14.02 FREDDIE MAC 251,163.68 0.78 GENERAL DYNAMICS CORP 360,804.25 1.12 GM FINANCIAL SECURITIZED TERM 437,736.40 1.35 GOLDMAN SACHS GROUP INC 176,839.60 0.55 HERSHEY COMPANY 263,133.24 0.81 HONDA AUTO RECEIVABLES 300,630.00 0.93 IBM CORP 401,718.80 1.24 INTERNATIONAL FINANCE CORPORATION 500,322.50 1.55 INTL BANK OF RECONSTRUCTION AND DEV 698,232.15 2.16 JP MORGAN CHASE & CO 141,834.00 0.44 LOS ANGELES COMMUNITY COLLEGE DISTRICT 442,131.60 1.37 MORGAN STANLEY Page 4 For the Month Ending December 31, 2020Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE Percentof HoldingsIssuer Market Value 401,999.60 1.24 NATIONAL RURAL UTILITIES CO FINANCE CORP 325,481.00 1.01 NEW YORK ST URBAN DEVELOPMENT CORP 183,273.13 0.57 PACCAR FINANCIAL CORP 280,996.80 0.87 PEPSICO INC 435,760.40 1.35 PNC FINANCIAL SERVICES GROUP 684,356.85 2.12 ROYAL BANK OF CANADA 131,375.40 0.41 SAN JUAN UNIFIED SCHOOL DISTRICT 411,039.20 1.27 SKANDINAVISKA ENSKILDA BANKEN AB 141,025.35 0.44 STATE OF CONNECTICUT 100,673.00 0.31 STATE OF MINNESOTA 125,809.88 0.39 STATE STREET CORPORATION 413,812.80 1.28 THE BANK OF NEW YORK MELLON CORPORATION 416,438.80 1.29 THE WALT DISNEY CORPORATION 251,207.20 0.78 TOYOTA MOTOR CORP 325,943.63 1.01 TRUIST FIN CORP 10,632,421.88 32.85 UNITED STATES TREASURY 86,328.55 0.27 UNIVERSITY OF CALIFORNIA 217,121.78 0.67 VOLKSWAGEN OF AMERICA $32,352,444.82 Total 100.00% Page 5 For the Month Ending December 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 N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 1,294,531.25 1,244,060.04 1,785.71 1,240,185.56 06/07/1906/03/19AaaAA+ 1,250,000.00 912828R69 1.83 US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 1,041,562.50 1,003,986.35 2,783.15 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 1,718,578.13 1,642,882.96 4,592.20 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 185,882.81 177,660.97 9.67 178,541.01 11/06/1911/01/19AaaAA+ 175,000.00 912828XX3 1.55 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 345,210.94 332,014.61 17.96 333,823.24 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 531,093.75 519,706.77 27.62 524,355.47 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 2,867,906.25 2,731,012.20 149.17 2,739,761.72 01/07/2001/02/20AaaAA+ 2,700,000.00 912828XX3 1.66 US TREASURY N/B DTD 12/31/2019 1.750% 12/31/2024 529,531.25 531,266.04 24.17 534,414.06 08/07/2008/05/20AaaAA+ 500,000.00 912828YY0 0.18 US TREASURY N/B DTD 12/31/2019 1.750% 12/31/2024 2,118,125.00 2,116,359.06 96.69 2,130,625.00 07/06/2007/01/20AaaAA+ 2,000,000.00 912828YY0 0.28 9,486.34 10,632,421.88 10,298,949.00 1.28 10,326,555.67 10,100,000.00 Security Type Sub-Total Supra-National Agency Bond / Note INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,214.85 49,997.69 409.89 49,962.50 03/16/1803/09/18AaaAAA 50,000.00 45950VLQ7 2.97 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 50,214.85 49,997.69 409.89 49,962.50 03/16/1803/09/18AaaAAA 50,000.00 45950VLQ7 2.97 Page 6 For the Month Ending December 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 INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 301,289.10 299,986.16 2,459.33 299,775.00 03/16/1803/09/18AaaAAA 300,000.00 45950VLQ7 2.66 INTL BK RECON & DEVELOP CORPORATE NOTES DTD 11/24/2020 0.250% 11/24/2023 500,322.50 498,962.31 128.47 498,925.00 11/24/2011/17/20AaaAAA 500,000.00 459058JM6 0.32 3,407.58 902,041.30 898,943.85 1.40 898,625.00 900,000.00 Security Type Sub-Total Municipal Bond / Note CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 62,436.60 60,000.00 666.00 60,000.00 06/11/2005/29/20A1A 60,000.00 20772KJW0 2.00 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 105,101.00 100,000.00 875.42 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10 NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025 325,481.00 325,000.00 62.83 325,000.00 12/23/2012/16/20NRAA+ 325,000.00 650036DT0 0.87 UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025 86,328.55 85,000.00 95.90 85,000.00 07/16/2007/10/20Aa2AA 85,000.00 91412HGE7 0.88 CT ST T/E GO BONDS DTD 06/25/2020 2.000% 06/01/2025 78,588.75 78,419.69 125.00 78,822.75 06/25/2006/12/20A1A 75,000.00 20772KKK4 0.94 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 66,474.85 65,431.44 238.50 65,459.55 09/16/2009/03/20Aa3AA 65,000.00 341271AD6 1.11 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 86,928.65 85,529.07 311.88 85,563.55 09/16/2009/03/20Aa3AA 85,000.00 341271AD6 1.12 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 163,630.40 160,000.00 587.07 160,000.00 09/16/2009/03/20Aa3AA 160,000.00 341271AD6 1.26 MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025 100,673.00 100,000.00 220.50 100,000.00 08/25/2008/11/20Aa1AAA 100,000.00 60412AVJ9 0.63 SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025 131,375.40 130,000.00 190.75 130,000.00 10/29/2010/16/20Aa2NR 130,000.00 798306WP7 0.85 Page 7 For the Month Ending December 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 Municipal Bond / Note LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025 141,834.00 140,000.00 153.31 140,000.00 11/10/2010/30/20AaaAA+ 140,000.00 54438CYK2 0.77 3,527.16 1,348,852.20 1,329,380.20 1.07 1,329,845.85 1,325,000.00 Security Type Sub-Total Federal Agency Collateralized Mortgage Obligation FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 14,582.18 14,605.73 43.16 14,839.37 04/30/1804/11/18AaaAA+ 14,549.96 3136B1XP4 3.11 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 14,582.18 14,605.73 43.16 14,839.37 04/30/1804/11/18AaaAA+ 14,549.96 3136B1XP4 3.11 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 72,910.91 73,028.61 215.82 74,196.84 04/30/1804/11/18AaaAA+ 72,749.78 3136B1XP4 2.93 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/01/2022 35,938.82 35,109.19 90.12 35,298.05 04/09/1804/04/18AaaAA+ 35,000.00 3137BM6P6 3.08 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/01/2022 35,938.82 35,109.19 90.12 35,298.05 04/09/1804/04/18AaaAA+ 35,000.00 3137BM6P6 3.09 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/01/2022 164,291.73 160,499.15 412.00 161,362.50 04/09/1804/04/18AaaAA+ 160,000.00 3137BM6P6 2.88 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 28,118.65 27,398.33 73.13 27,398.29 12/17/1812/07/18AaaAA+ 27,398.37 3137FKK39 3.20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/01/2024 99,396.99 96,719.62 168.62 96,719.06 11/26/1911/20/19AaaAA+ 96,721.39 3137FQ3V3 2.09 FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 273,564.82 260,343.12 637.92 262,382.81 03/25/2003/19/20AaaAA+ 250,000.00 3137BGK24 1.95 1,774.05 739,325.10 717,418.67 2.48 722,334.34 705,969.45 Security Type Sub-Total Federal Agency Bond / Note FREDDIE MAC NOTES DTD 08/21/2020 0.250% 08/24/2023 901,478.70 899,193.20 812.50 899,082.00 08/21/2008/19/20AaaAA+ 900,000.00 3137EAEV7 0.28 Page 8 For the Month Ending December 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 Bond / Note FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 375,525.00 375,061.06 304.69 375,068.48 09/04/2009/02/20AaaAA+ 375,000.00 3137EAEW5 0.24 FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 525,735.00 524,845.51 426.56 524,826.75 09/04/2009/02/20AaaAA+ 525,000.00 3137EAEW5 0.26 FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 324,255.75 323,872.99 84.64 323,787.75 10/16/2010/14/20AaaAA+ 325,000.00 3137EAEY1 0.25 FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023 350,420.00 349,701.38 136.11 349,685.00 11/05/2011/03/20AaaAA+ 350,000.00 3137EAEZ8 0.28 FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023 325,398.13 324,642.00 81.25 324,629.50 11/25/2011/23/20AaaAA+ 325,000.00 3135G06H1 0.29 FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 300,369.90 299,710.59 56.25 299,703.00 12/04/2012/02/20AaaAA+ 300,000.00 3137EAFA2 0.28 FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 351,894.20 348,511.46 374.31 348,264.00 04/16/2004/15/20AaaAA+ 350,000.00 3130AJHU6 0.60 FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025 353,768.45 349,378.61 419.27 349,279.00 04/24/2004/22/20AaaAA+ 350,000.00 3135G03U5 0.67 FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 424,476.83 423,071.48 699.48 422,883.50 07/23/2007/21/20AaaAA+ 425,000.00 3137EAEU9 0.48 FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025 349,239.10 348,476.05 452.08 348,362.00 08/27/2008/25/20AaaAA+ 350,000.00 3135G05X7 0.47 FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025 149,672.10 149,577.71 171.88 149,550.00 09/11/2009/10/20AaaAA+ 150,000.00 3130AK5E2 0.44 FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025 698,126.10 698,006.21 700.00 697,893.00 09/25/2009/23/20AaaAA+ 700,000.00 3137EAEX3 0.44 FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 651,792.70 647,736.89 442.36 647,673.00 11/12/2011/09/20AaaAA+ 650,000.00 3135G06G3 0.57 5,161.38 6,082,151.96 6,061,785.14 0.39 6,060,686.98 6,075,000.00 Security Type Sub-Total Page 9 For the Month Ending December 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 (CALLED, OMD 02/0 DTD 10/26/2017 2.150% 01/04/2021 24,998.53 24,999.97 223.96 24,988.50 10/26/1710/23/17A3A- 25,000.00 05531FAZ6 3.00 BRANCH BANKING & TRUST (CALLED, OMD 02/0 DTD 10/26/2017 2.150% 01/04/2021 24,998.53 24,999.97 223.96 24,988.50 10/26/1710/23/17A3A- 25,000.00 05531FAZ6 3.00 BRANCH BANKING & TRUST (CALLED, OMD 02/0 DTD 10/26/2017 2.150% 01/04/2021 74,995.57 74,999.91 671.87 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 300,630.00 299,995.30 3,224.17 299,853.00 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 25,124.97 24,993.06 213.47 24,894.25 02/26/1802/21/18A2A 25,000.00 63743HER9 3.17 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,124.98 24,998.18 213.47 24,972.25 02/26/1802/21/18A2A 25,000.00 63743HER9 3.17 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,124.98 24,992.72 213.47 24,894.25 04/19/1804/12/18A2A 25,000.00 63743HER9 3.18 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 25,124.97 24,998.09 213.47 24,972.25 04/19/1804/12/18A2A 25,000.00 63743HER9 3.18 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 125,624.88 124,990.90 1,067.36 124,861.25 02/26/1802/21/18A2A 125,000.00 63743HER9 2.94 NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 175,874.82 174,949.07 1,494.31 174,259.75 04/19/1804/12/18A2A 175,000.00 63743HER9 3.05 TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 50,358.40 49,998.14 319.58 49,980.00 04/13/1804/10/18A1A+ 50,000.00 89236TEU5 3.05 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 40,142.40 39,999.35 168.89 39,992.00 10/10/1710/05/17A1A+ 40,000.00 713448DX3 2.78 PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 40,142.40 39,999.35 168.89 39,992.00 10/10/1710/05/17A1A+ 40,000.00 713448DX3 2.78 Page 10 For the Month Ending December 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 50,227.70 50,047.63 263.89 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.90 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 50,227.70 50,047.63 263.89 51,149.00 05/19/1605/16/16A1A 50,000.00 06406FAA1 2.90 BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 100,455.40 100,102.98 527.78 102,326.00 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 200,712.00 199,996.76 844.44 199,960.00 10/10/1710/05/17A1A+ 200,000.00 713448DX3 2.01 AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 200,999.40 199,968.04 700.00 199,536.00 05/31/1605/25/16A2A- 200,000.00 0258M0EB1 2.30 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 25,118.88 24,998.83 72.60 24,983.50 05/16/1605/10/16A3A- 25,000.00 05531FAV5 2.78 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 25,118.87 24,998.83 72.60 24,983.50 05/16/1605/10/16A3A- 25,000.00 05531FAV5 2.78 BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 150,713.25 149,992.98 435.62 149,901.00 05/16/1605/10/16A3A- 150,000.00 05531FAV5 2.06 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,262.80 24,997.90 99.03 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.09 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 25,262.80 24,997.90 99.03 24,982.75 05/10/1805/03/18A1A 25,000.00 427866BA5 3.09 HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 126,314.00 124,989.50 495.14 124,913.75 05/10/1805/03/18A1A 125,000.00 427866BA5 3.12 Page 11 For the Month Ending December 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 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,161.98 24,992.84 56.88 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.64 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 25,161.98 24,992.84 56.88 24,905.50 05/24/1605/19/16A1A 25,000.00 857477AV5 2.64 STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 75,485.92 74,978.52 170.63 74,716.50 05/24/1605/19/16A1A 75,000.00 857477AV5 2.03 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 35,306.71 34,999.87 126.39 34,998.95 05/22/1805/17/18A2A 35,000.00 808513AW5 3.18 CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 201,752.60 199,999.23 722.22 199,994.00 05/22/1805/17/18A2A 200,000.00 808513AW5 3.25 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 51,184.85 49,953.59 644.10 49,779.50 03/15/1703/10/17A2A 50,000.00 24422ETL3 3.04 JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 281,516.68 274,744.76 3,542.53 273,787.25 03/15/1703/10/17A2A 275,000.00 24422ETL3 2.75 JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 698,232.15 675,000.00 5,411.81 675,000.00 03/22/1903/15/19A2A- 675,000.00 46647PBB1 3.21 CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 07/08/2020 0.650% 07/07/2023 226,696.05 224,894.39 702.81 224,874.00 07/08/2007/06/20A3A 225,000.00 14913R2D8 0.67 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 08/14/2020 0.500% 08/14/2023 200,848.80 199,865.69 380.56 199,846.00 08/14/2008/11/20A1A+ 200,000.00 89236THF5 0.53 PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 435,760.40 401,764.40 6,144.44 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 442,131.60 415,970.16 2,669.44 422,916.00 07/23/1907/19/19A2BBB+ 400,000.00 61746BDQ6 2.59 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 425,152.00 398,603.85 106.67 398,016.00 07/15/1907/11/19A3A- 400,000.00 02665WCZ2 2.51 Page 12 For the Month Ending December 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 GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 437,736.40 413,115.95 7,400.56 418,632.00 07/11/1907/08/19A3BBB+ 400,000.00 38141EC23 2.84 WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 416,438.80 398,801.11 2,352.78 398,368.00 09/06/1909/03/19A2BBB+ 400,000.00 254687FK7 1.84 BANK OF NY MELLON CORP DTD 10/24/2019 2.100% 10/24/2024 212,902.00 200,707.66 781.67 200,880.00 01/28/2001/21/20A1A 200,000.00 06406RAL1 2.00 PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 183,273.13 182,570.59 1,268.75 182,894.25 10/29/2010/22/20A1A+ 175,000.00 69371RQ66 0.73 CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 248,808.15 247,962.34 1,320.00 249,738.75 09/01/2008/28/20A3BBB+ 225,000.00 172967JP7 0.88 APPLE INC (CALLABLE) CORP NOTES DTD 05/11/2020 1.125% 05/11/2025 564,755.40 550,961.92 859.38 551,105.50 05/13/2005/11/20Aa1AA+ 550,000.00 037833DT4 1.08 GENERAL DYNAMICS CORP DTD 05/11/2018 3.500% 05/15/2025 251,163.68 251,055.01 1,006.25 252,247.50 10/20/2010/16/20A2A 225,000.00 369550BG2 0.80 AMAZON.COM INC CORPORATE NOTES DTD 06/03/2020 0.800% 06/03/2025 481,703.68 474,794.05 295.56 474,767.25 06/05/2006/03/20A2AA- 475,000.00 023135BQ8 0.81 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 256,733.55 254,551.55 3,632.81 256,918.50 08/20/2008/18/20A2A- 225,000.00 06051GFS3 0.93 BRISTOL-MYERS SQUIBB CO CORPORATE NOTES DTD 07/15/2020 3.875% 08/15/2025 142,524.38 141,852.38 1,829.86 142,835.00 09/30/2009/29/20A2A+ 125,000.00 110122DC9 0.88 ABBOTT LABORATORIES CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 257,323.95 256,032.41 2,567.19 257,845.50 09/28/2009/24/20A3A 225,000.00 002824BM1 0.86 56,341.06 8,516,433.07 8,303,218.10 2.09 8,325,300.20 8,140,000.00 Security Type Sub-Total Certificate of Deposit Page 13 For the Month Ending December 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 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 50,693.10 50,000.00 108.00 50,000.00 06/08/1806/07/18P-1A-1+ 50,000.00 78012UEE1 2.98 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 101,386.20 100,000.00 216.00 100,000.00 06/08/1806/07/18P-1A-1+ 100,000.00 78012UEE1 2.98 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 532,277.55 525,000.00 1,134.00 525,000.00 06/08/1806/07/18P-1A-1+ 525,000.00 78012UEE1 3.24 CREDIT SUISSE NEW YORK CERT DEPOS DTD 08/07/2020 0.520% 02/01/2022 250,449.50 250,000.00 530.83 250,000.00 08/07/2008/05/20Aa3A+ 250,000.00 22549L6F7 0.52 SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 411,039.20 400,000.00 2,645.33 400,000.00 09/03/1908/29/19Aa2A+ 400,000.00 83050PDR7 1.85 4,634.16 1,345,845.55 1,325,000.00 2.28 1,325,000.00 1,325,000.00 Security Type Sub-Total Asset-Backed Security BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 301,113.63 299,999.05 308.00 299,997.33 10/17/1810/10/18AaaAAA 300,000.00 05586CAD6 3.36 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 263,133.24 259,332.85 364.25 259,313.20 11/28/1811/20/18AaaAAA 259,351.97 43815AAC6 3.16 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 217,121.78 213,339.07 211.86 213,334.78 11/21/1811/15/18AaaAAA 213,343.74 92869BAD4 3.25 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 168,598.98 166,391.57 209.40 166,371.80 07/18/1807/11/18NRAAA 166,410.61 36255JAD6 3.03 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 233,768.48 229,908.90 319.85 229,893.27 07/25/1807/18/18NRAAA 229,924.60 14313FAD1 3.13 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 305,924.72 299,546.98 447.33 299,545.74 10/24/1810/17/18NRAAA 299,548.50 14315EAC4 3.36 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 192,205.27 189,172.67 234.12 189,164.17 01/16/1901/08/19AaaNR 189,185.12 36256XAD4 2.97 COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 819,542.32 799,852.55 611.56 799,798.56 09/05/1908/28/19NRAAA 800,000.00 14041NFU0 1.73 Page 14 For the Month Ending December 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 2,706.37 2,501,408.42 2,457,543.64 2.72 2,457,418.85 2,457,764.54 Security Type Sub-Total 31,028,733.99 31,445,766.89 1.50 87,038.10 31,392,238.60 32,068,479.48 Managed Account Sub-Total Money Market Mutual Fund CAMP Pool 283,965.34 283,965.34 0.00 283,965.34 NRAAAm 283,965.34 283,965.34 283,965.34 0.00 283,965.34 283,965.34 Money Market Sub-Total $31,312,699.33 $31,729,732.23 $87,038.10 $31,676,203.94 $32,352,444.82 1.50% $32,439,482.92 $87,038.10 Total Investments Accrued Interest Securities Sub-Total Page 15 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration U.S. Treasury Bond / Note 50,471.21 54,345.69 1,294,531.25 103.56 MORGAN_S 1,250,000.00 912828R69US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 0.15 2.38 37,576.15 35,820.31 1,041,562.50 104.16 BNP_PARI 1,000,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 0.15 2.77 75,695.17 79,470.71 1,718,578.13 104.16 MERRILL 1,650,000.00 912828T91US TREASURY NOTES DTD 10/31/2016 1.625% 10/31/2023 0.15 2.77 8,221.84 7,341.80 185,882.81 106.22 MORGAN_S 175,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.22 3.40 13,196.33 11,387.70 345,210.94 106.22 HSBC 325,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.22 3.40 11,386.98 6,738.28 531,093.75 106.22 HSBC 500,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.22 3.40 136,894.05 128,144.53 2,867,906.25 106.22 HSBC 2,700,000.00 912828XX3US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 0.22 3.40 (1,734.79)(4,882.81) 529,531.25 105.91 WELLS_F 500,000.00 912828YY0US TREASURY N/B DTD 12/31/2019 1.750% 12/31/2024 0.26 3.88 1,765.94 (12,500.00) 2,118,125.00 105.91 WELLS_F 2,000,000.00 912828YY0US TREASURY N/B DTD 12/31/2019 1.750% 12/31/2024 0.26 3.88 305,866.21 0.20 333,472.88 10,632,421.88 10,100,000.00 Security Type Sub-Total 3.23 Supra-National Agency Bond / Note 217.16 252.35 50,214.85 100.43 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 0.39 0.19 217.16 252.35 50,214.85 100.43 HSBC 50,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 0.39 0.19 1,302.94 1,514.10 301,289.10 100.43 HSBC 300,000.00 45950VLQ7INTERNATIONAL FINANCE CORPORATION NOTE DTD 03/16/2018 2.635% 03/09/2021 0.39 0.19 1,360.19 1,397.50 500,322.50 100.06 TD 500,000.00 459058JM6INTL BK RECON & DEVELOP CORPORATE NOTES DTD 11/24/2020 0.250% 11/24/2023 0.23 2.89 Page 16 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration 3,416.30 0.30 3,097.45 902,041.30 900,000.00 Security Type Sub-Total 1.69 Municipal Bond / Note 2,436.60 2,436.60 62,436.60 104.06 SIEBERT 60,000.00 20772KJW0CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 0.82 3.37 5,101.00 5,101.00 105,101.00 105.10 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 0.66 3.45 481.00 481.00 325,481.00 100.15 WELLS_F 325,000.00 650036DT0NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025 0.83 4.14 1,328.55 1,328.55 86,328.55 101.56 04/15/25JPM_CHA 85,000.00 91412HGE7UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025 0.52 4.22 169.06 (234.00) 78,588.75 104.79 MORGAN_ 75,000.00 20772KKK4CT ST T/E GO BONDS DTD 06/25/2020 2.000% 06/01/2025 0.89 4.25 1,043.41 1,015.30 66,474.85 102.27 MERRILL 65,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 0.74 4.38 1,399.58 1,365.10 86,928.65 102.27 MERRILL 85,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 0.74 4.38 3,630.40 3,630.40 163,630.40 102.27 MERRILL 160,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 0.74 4.38 673.00 673.00 100,673.00 100.67 MORGAN_ 100,000.00 60412AVJ9MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025 0.48 4.52 1,375.40 1,375.40 131,375.40 101.06 KEYBANC 130,000.00 798306WP7SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025 0.62 4.50 1,834.00 1,834.00 141,834.00 101.31 MERRILL 140,000.00 54438CYK2LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025 0.48 4.51 19,006.35 0.70 19,472.00 1,348,852.20 1,325,000.00 Security Type Sub-Total 4.22 Federal Agency Collateralized Mortgage Obligation (23.55)(257.19) 14,582.18 100.22 JPM_CHAS 14,549.96 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 3.23 0.30 (23.55)(257.19) 14,582.18 100.22 JPM_CHAS 14,549.96 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 3.23 0.30 (117.70)(1,285.93) 72,910.91 100.22 JPM_CHAS 72,749.78 3136B1XP4FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 3.23 0.30 Page 17 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration Federal Agency Collateralized Mortgage Obligation 829.63 640.77 35,938.82 102.68 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/01/2022 1.38 1.42 829.63 640.77 35,938.82 102.68 CITIGRP 35,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/01/2022 1.38 1.42 3,792.58 2,929.23 164,291.73 102.68 CITIGRP 160,000.00 3137BM6P6FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/01/2022 1.38 1.42 720.32 720.36 28,118.65 102.63 CSFB 27,398.37 3137FKK39FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 2.12 1.28 2,677.37 2,677.93 99,396.99 102.77 JPM_CHAS 96,721.39 3137FQ3V3FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/01/2024 1.28 2.15 13,221.70 11,182.01 273,564.82 109.43 CITIGRP 250,000.00 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 0.63 3.69 16,990.76 1.37 21,906.43 739,325.10 705,969.45 Security Type Sub-Total 2.20 Federal Agency Bond / Note 2,285.50 2,396.70 901,478.70 100.16 CITIGRP 900,000.00 3137EAEV7FREDDIE MAC NOTES DTD 08/21/2020 0.250% 08/24/2023 0.19 2.64 463.94 456.52 375,525.00 100.14 NOMURA 375,000.00 3137EAEW5FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 0.20 2.68 889.49 908.25 525,735.00 100.14 WELLS_F 525,000.00 3137EAEW5FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 0.20 2.68 382.76 468.00 324,255.75 99.77 WELLS_F 325,000.00 3137EAEY1FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 0.21 2.79 718.62 735.00 350,420.00 100.12 CITIGRP 350,000.00 3137EAEZ8FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023 0.21 2.84 756.13 768.63 325,398.13 100.12 NOMURA 325,000.00 3135G06H1FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023 0.21 2.90 659.31 666.90 300,369.90 100.12 CITIGRP 300,000.00 3137EAFA2FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 0.21 2.92 3,382.74 3,630.20 351,894.20 100.54 CITIGRP 350,000.00 3130AJHU6FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 0.37 4.24 4,389.84 4,489.45 353,768.45 101.08 CITIGRP 350,000.00 3135G03U5FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025 0.37 4.26 Page 18 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration Federal Agency Bond / Note 1,405.35 1,593.33 424,476.83 99.88 WELLS_F 425,000.00 3137EAEU9FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 0.40 4.52 763.05 877.10 349,239.10 99.78 BARCLAY 350,000.00 3135G05X7FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025 0.42 4.61 94.39 122.10 149,672.10 99.78 WELLS_F 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025 0.42 4.64 119.89 233.10 698,126.10 99.73 CITIGRP 700,000.00 3137EAEX3FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025 0.43 4.69 4,055.81 4,119.70 651,792.70 100.28 BARCLAY 650,000.00 3135G06G3FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 0.44 4.80 21,464.98 0.30 20,366.82 6,082,151.96 6,075,000.00 Security Type Sub-Total 3.64 Corporate Note (1.44) 10.03 24,998.53 99.99 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLED, OMD 02/0 DTD 10/26/2017 2.150% 01/04/2021 2.66 0.01 (1.44) 10.03 24,998.53 99.99 01/01/21MORGAN_S 25,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLED, OMD 02/0 DTD 10/26/2017 2.150% 01/04/2021 2.66 0.01 (4.34) 30.07 74,995.57 99.99 01/01/21MORGAN_S 75,000.00 05531FAZ6BRANCH BANKING & TRUST (CALLED, OMD 02/0 DTD 10/26/2017 2.150% 01/04/2021 2.66 0.01 634.70 777.00 300,630.00 100.21 BNP_PARI 300,000.00 44932HAG8IBM CORP CORP NOTES DTD 02/06/2018 2.650% 02/05/2021 0.48 0.10 131.91 230.72 25,124.97 100.50 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 0.49 0.21 126.80 152.73 25,124.98 100.50 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 0.49 0.21 132.26 230.73 25,124.98 100.50 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 0.49 0.21 126.88 152.72 25,124.97 100.50 RBC 25,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 0.49 0.21 Page 19 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration Corporate Note 633.98 763.63 125,624.88 100.50 RBC 125,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 0.49 0.21 925.75 1,615.07 175,874.82 100.50 RBC 175,000.00 63743HER9NATIONAL RURAL UTIL COOP NOTE DTD 02/26/2018 2.900% 03/15/2021 0.49 0.21 360.26 378.40 50,358.40 100.72 JPM_CHAS 50,000.00 89236TEU5TOYOTA MOTOR CREDIT CORP NOTES DTD 04/13/2018 2.950% 04/13/2021 0.44 0.29 143.05 150.40 40,142.40 100.36 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 0.77 0.21 143.05 150.40 40,142.40 100.36 03/15/21MERRILL 40,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 0.77 0.21 180.07 (921.30) 50,227.70 100.46 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 0.93 0.21 180.07 (921.30) 50,227.70 100.46 03/15/21KEYBAN 50,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 0.93 0.21 352.42 (1,870.60) 100,455.40 100.46 03/15/21KEYBAN 100,000.00 06406FAA1BANK OF NEW YORK MELLON CORP (CALLABLE) DTD 02/19/2016 2.500% 04/15/2021 0.93 0.21 715.24 752.00 200,712.00 100.36 03/15/21MERRILL 200,000.00 713448DX3PEPSICO INC CORP (CALLABLE) NOTE DTD 10/10/2017 2.000% 04/15/2021 0.77 0.21 1,031.36 1,463.40 200,999.40 100.50 04/04/21KEYBAN 200,000.00 0258M0EB1AMERICAN EXPRESS CREDIT (CALLABLE) NOTES DTD 05/05/2016 2.250% 05/05/2021 0.80 0.26 120.05 135.38 25,118.88 100.48 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 0.73 0.28 120.04 135.37 25,118.87 100.48 04/09/21SCOTIA 25,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 0.73 0.28 720.27 812.25 150,713.25 100.48 04/09/21SCOTIA 150,000.00 05531FAV5BRANCH BANKING & TRUST (CALLABLE) NOTE DTD 05/10/2016 2.050% 05/10/2021 0.73 0.28 Page 20 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration Corporate Note 264.90 280.05 25,262.80 101.05 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 0.29 0.38 264.90 280.05 25,262.80 101.05 MERRILL 25,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 0.29 0.38 1,324.50 1,400.25 126,314.00 101.05 MERRILL 125,000.00 427866BA5HERSHEY COMPANY CORP NOTES DTD 05/10/2018 3.100% 05/15/2021 0.29 0.38 169.14 256.48 25,161.98 100.65 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 0.27 0.39 169.14 256.48 25,161.98 100.65 GOLDMAN 25,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 0.27 0.39 507.40 769.42 75,485.92 100.65 GOLDMAN 75,000.00 857477AV5STATE STREET CORP NOTES DTD 05/19/2016 1.950% 05/19/2021 0.27 0.39 306.84 307.76 35,306.71 100.88 04/21/21CSFB 35,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 1.00 0.31 1,753.37 1,758.60 201,752.60 100.88 04/21/21CSFB 200,000.00 808513AW5CHARLES SCHWAB CORP NOTES DTD 05/22/2018 3.250% 05/21/2021 1.00 0.31 1,231.26 1,405.35 51,184.85 102.37 MITSU 50,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 0.31 1.00 6,771.92 7,729.43 281,516.68 102.37 MITSU 275,000.00 24422ETL3JOHN DEERE CAPITAL CORP NOTES DTD 01/06/2017 2.650% 01/06/2022 0.31 1.00 23,232.15 23,232.15 698,232.15 103.44 04/01/22JPM_CHAS 675,000.00 46647PBB1JPMORGAN CHASE & CO BONDS DTD 03/22/2019 3.207% 04/01/2023 1.64 1.23 1,801.66 1,822.05 226,696.05 100.75 BARCLAY 225,000.00 14913R2D8CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 07/08/2020 0.650% 07/07/2023 0.35 2.50 983.11 1,002.80 200,848.80 100.42 JPM_CHA 200,000.00 89236THF5TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 08/14/2020 0.500% 08/14/2023 0.34 2.60 33,996.00 32,912.40 435,760.40 108.94 CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES DTD 01/23/2019 3.500% 01/23/2024 0.55 2.90 26,161.44 19,215.60 442,131.60 110.53 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 0.67 3.15 26,548.15 27,136.00 425,152.00 106.29 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 0.58 3.37 Page 21 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration Corporate Note 24,620.45 19,104.40 437,736.40 109.43 SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC BONDS DTD 07/08/2014 3.850% 07/08/2024 1.11 3.28 17,637.69 18,070.80 416,438.80 104.11 JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE DTD 09/06/2019 1.750% 08/30/2024 0.61 3.55 12,194.34 12,022.00 212,902.00 106.45 MORGAN_S 200,000.00 06406RAL1BANK OF NY MELLON CORP DTD 10/24/2019 2.100% 10/24/2024 0.40 3.68 702.54 378.88 183,273.13 104.73 MERRILL 175,000.00 69371RQ66PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 0.63 3.95 845.81 (930.60) 248,808.15 110.58 MKTX 225,000.00 172967JP7CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 0.81 4.06 13,793.48 13,649.90 564,755.40 102.68 04/11/25GOLDMAN 550,000.00 037833DT4APPLE INC (CALLABLE) CORP NOTES DTD 05/11/2020 1.125% 05/11/2025 0.50 4.19 108.67 (1,083.82) 251,163.68 111.63 JPM_CHA 225,000.00 369550BG2GENERAL DYNAMICS CORP DTD 05/11/2018 3.500% 05/15/2025 0.79 4.10 6,909.63 6,936.43 481,703.68 101.41 GOLDMAN 475,000.00 023135BQ8AMAZON.COM INC CORPORATE NOTES DTD 06/03/2020 0.800% 06/03/2025 0.48 4.35 2,182.00 (184.95) 256,733.55 114.10 MERRILL 225,000.00 06051GFS3BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 0.74 4.21 672.00 (310.62) 142,524.38 114.02 05/15/25WELLS_F 125,000.00 110122DC9BRISTOL-MYERS SQUIBB CO CORPORATE NOTES DTD 07/15/2020 3.875% 08/15/2025 0.78 4.04 1,291.54 (521.55) 257,323.95 114.37 06/15/25US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 0.76 4.12 191,132.87 0.73 213,214.97 8,516,433.07 8,140,000.00 Security Type Sub-Total 2.41 Certificate of Deposit 693.10 693.10 50,693.10 101.39 RBC 50,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 0.06 0.44 1,386.20 1,386.20 101,386.20 101.39 RBC 100,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 0.06 0.44 Page 22 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration Certificate of Deposit 7,277.55 7,277.55 532,277.55 101.39 RBC 525,000.00 78012UEE1ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 0.06 0.44 449.50 449.50 250,449.50 100.18 CSFB 250,000.00 22549L6F7CREDIT SUISSE NEW YORK CERT DEPOS DTD 08/07/2020 0.520% 02/01/2022 0.36 1.10 11,039.20 11,039.20 411,039.20 102.76 BARCLAYS 400,000.00 83050PDR7SKANDINAV ENSKILDA BANK LT CD DTD 09/03/2019 1.860% 08/26/2022 0.18 1.63 20,845.55 0.15 20,845.55 1,345,845.55 1,325,000.00 Security Type Sub-Total 0.93 Asset-Backed Security 1,114.58 1,116.30 301,113.63 100.37 SOCGEN 300,000.00 05586CAD6BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 3.05 0.14 3,800.39 3,820.04 263,133.24 101.46 JPM_CHAS 259,351.97 43815AAC6HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 2.43 0.54 3,782.71 3,787.00 217,121.78 101.77 CITIGRP 213,343.74 92869BAD4VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 2.46 0.54 2,207.41 2,227.18 168,598.98 101.32 JPM_CHAS 166,410.61 36255JAD6GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 2.45 0.50 3,859.58 3,875.21 233,768.48 101.67 BARCLAYS 229,924.60 14313FAD1CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 2.43 0.58 6,377.74 6,378.98 305,924.72 102.13 MERRILL 299,548.50 14315EAC4CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 2.55 0.70 3,032.60 3,041.10 192,205.27 101.60 RBC 189,185.12 36256XAD4GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 2.40 0.61 19,689.77 19,743.76 819,542.32 102.44 RBC 800,000.00 14041NFU0COMET 2019-A2 A2 DTD 09/05/2019 1.720% 08/15/2024 1.03 1.60 43,989.57 2.06 43,864.78 2,501,408.42 2,457,764.54 Security Type Sub-Total 0.87 31,028,733.99 32,068,479.48 622,712.59 676,240.88 0.56 Managed Account Sub-Total 2.78 Money Market Mutual Fund 0.00 0.00 283,965.34 1.00 283,965.34 CAMP Pool 0.00 Page 23 For the Month Ending December 31, 2020Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration 283,965.34 283,965.34 0.00 0.00 Money Market Sub-Total 0.00 Total Investments $32,439,482.92 $87,038.10 $32,352,444.82 Accrued Interest Securities Sub-Total $31,312,699.33 $622,712.59 $676,240.88 0.56% 2.78 Page 24 For the Month Ending December 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 12/04/20 FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 3137EAFA2 (299,703.00) 0.00 (299,703.00) 300,000.00 12/02/20 12/23/20 NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025 650036DT0 (325,000.00) 0.00 (325,000.00) 325,000.00 12/16/20 0.00 (624,703.00)(624,703.00) 625,000.00 Transaction Type Sub-Total INTEREST 12/01/20 CT ST T/E GO BONDS DTD 06/25/2020 2.000% 06/01/2025 20772KKK4 0.00 650.00 650.00 75,000.00 12/01/20 12/25/20 FHLMC SERIES K721 A2 DTD 12/01/2015 3.090% 08/01/2022 3137BM6P6 0.00 592.26 592.26 230,000.00 12/01/20 12/25/20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/01/2024 3137FQ3V3 0.00 217.80 217.80 99,849.43 12/01/20 12/25/20 FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 0.00 637.92 637.92 250,000.00 12/01/20 12/25/20 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 0.00 146.76 146.76 54,983.62 12/01/20 12/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 3136B1XP4 0.00 327.42 327.42 110,152.76 12/01/20 12/03/20 AMAZON.COM INC CORPORATE NOTES DTD 06/03/2020 0.800% 06/03/2025 023135BQ8 0.00 1,900.00 1,900.00 475,000.00 12/03/20 12/07/20 ROYAL BANK OF CANADA NY CD DTD 06/08/2018 3.240% 06/07/2021 78012UEE1 0.00 10,935.00 10,935.00 675,000.00 12/07/20 12/15/20 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 43815AAC6 0.00 742.14 742.14 281,824.08 12/15/20 12/15/20 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 14313FAD1 0.00 645.07 645.07 247,312.05 12/15/20 12/15/20 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 12/15/20 12/15/20 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 14315EAC4 0.00 893.34 893.34 319,050.27 12/15/20 12/16/20 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 36256XAD4 0.00 503.48 503.48 203,424.98 12/16/20 Page 25 For the Month Ending December 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 12/16/20 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 36255JAD6 0.00 456.34 456.34 181,325.12 12/16/20 12/20/20 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 92869BAD4 0.00 626.37 626.37 231,273.66 12/20/20 12/20/20 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 36256GAE9 0.00 333.50 333.50 121,272.84 12/20/20 12/20/20 BMWLT 2018-1 A4 DTD 10/17/2018 3.360% 03/20/2022 05586CAD6 0.00 840.00 840.00 300,000.00 12/20/20 12/29/20 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 02665WCZ2 0.00 4,800.00 4,800.00 400,000.00 12/27/20 12/31/20 US TREASURY N/B NOTES DTD 06/30/2017 2.000% 06/30/2024 912828XX3 0.00 37,000.00 37,000.00 3,700,000.00 12/31/20 12/31/20 US TREASURY N/B DTD 12/31/2019 1.750% 12/31/2024 912828YY0 0.00 21,875.00 21,875.00 2,500,000.00 12/31/20 85,269.07 85,269.07 0.00 11,255,468.81 Transaction Type Sub-Total MATURITY 12/07/20 WELLS FARGO & COMPANY NOTES DTD 12/07/2015 2.550% 12/07/2020 94974BGR5 50,000.00 637.50 50,637.50 (1,108.00) 0.00 50,000.00 12/07/20 12/31/20 US TREASURY NOTES DTD 12/31/2013 2.375% 12/31/2020 912828A83 10,000.00 118.75 10,118.75 (502.34) 0.00 10,000.00 12/31/20 12/31/20 US TREASURY NOTES DTD 12/31/2015 1.750% 12/31/2020 912828N48 15,000.00 131.25 15,131.25 (268.94) 0.00 15,000.00 12/31/20 887.50 0.00 (1,879.28) 75,887.50 75,000.00 75,000.00 Transaction Type Sub-Total PAYDOWNS 12/25/20 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 27,585.25 0.00 27,585.25 0.09 0.00 27,585.25 12/01/20 12/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 3136B1XP4 1,186.15 0.00 1,186.15 (23.60) 0.00 1,186.15 12/01/20 12/25/20 FHMS KJ27 A1 DTD 11/01/2019 2.092% 07/01/2024 3137FQ3V3 3,128.04 0.00 3,128.04 0.08 0.00 3,128.04 12/01/20 Page 26 For the Month Ending December 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 PAYDOWNS 12/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 3136B1XP4 5,930.77 0.00 5,930.77 (117.97)(0.01) 5,930.76 12/01/20 12/25/20 FNA 2018-M5 A2 DTD 04/01/2018 3.560% 09/01/2021 3136B1XP4 1,186.15 0.00 1,186.15 (23.60) 0.00 1,186.15 12/01/20 12/15/20 CARMAX AUTO OWNER TRUST DTD 10/24/2018 3.360% 09/15/2023 14315EAC4 19,501.77 0.00 19,501.77 0.18 0.00 19,501.77 12/15/20 12/15/20 HAROT 2018-4 A3 DTD 11/28/2018 3.160% 01/15/2023 43815AAC6 22,472.11 0.00 22,472.11 3.36 0.00 22,472.11 12/15/20 12/15/20 CARMAX AUTO OWNER TRUST DTD 07/25/2018 3.130% 06/15/2023 14313FAD1 17,387.45 0.00 17,387.45 2.37 0.00 17,387.45 12/15/20 12/16/20 GMCAR 2018-3 A3 DTD 07/18/2018 3.020% 05/16/2023 36255JAD6 14,914.51 0.00 14,914.51 3.48 0.00 14,914.51 12/16/20 12/16/20 GMCAR 2019-1 A3 DTD 01/16/2019 2.970% 11/16/2023 36256XAD4 14,239.86 0.00 14,239.86 1.58 0.00 14,239.86 12/16/20 12/20/20 VALET 2018-2 A3 DTD 11/21/2018 3.250% 04/20/2023 92869BAD4 17,929.92 0.00 17,929.92 0.75 0.00 17,929.92 12/20/20 12/20/20 GMALT 2018-3 A4 DTD 09/26/2018 3.300% 07/20/2022 36256GAE9 121,272.84 0.00 121,272.84 15.45 0.00 121,272.84 12/20/20 0.00 (0.01)(137.83) 266,734.82 266,734.82 266,734.81 Transaction Type Sub-Total SELL 12/23/20 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 51,804.69 51.34 51,856.03 2,197.27 2,044.72 FIFO 50,000.00 12/15/20 12/23/20 US TREASURY N/B NOTES DTD 05/31/2016 1.625% 05/31/2023 912828R69 77,718.75 77.01 77,795.76 3,307.62 3,078.79 FIFO 75,000.00 12/22/20 128.35 5,123.51 5,504.89 129,651.79 129,523.44 125,000.00 Transaction Type Sub-Total (153,444.74) 86,284.92 (67,159.82) 3,487.78 5,123.50 Managed Account Sub-Total Total Security Transactions $3,487.78 ($67,159.82)$86,284.92 ($153,444.74)$5,123.50 Page 27 For the Month Ending December 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 353,763.66 Opening Balance 12/01/20 12/01/20 Purchase - Interest 20772KKK4 1.00 650.00 354,413.66 12/03/20 12/03/20 Purchase - Interest 023135BQ8 1.00 1,900.00 356,313.66 12/04/20 12/04/20 Redemption - Principal 3137EAFA2 1.00 (299,703.00) 56,610.66 12/07/20 12/07/20 Purchase - Interest 78012UEE1 1.00 10,935.00 67,545.66 12/07/20 12/07/20 Purchase - Principal 94974BGR5 1.00 50,637.50 118,183.16 12/15/20 12/15/20 Purchase - Interest 14041NFU0 1.00 1,146.67 119,329.83 12/15/20 12/15/20 Purchase - Interest 14313FAD1 1.00 645.07 119,974.90 12/15/20 12/15/20 Purchase - Interest 14315EAC4 1.00 893.34 120,868.24 12/15/20 12/15/20 Purchase - Interest 43815AAC6 1.00 742.14 121,610.38 12/15/20 12/15/20 Purchase - Principal 14313FAD1 1.00 17,387.45 138,997.83 12/15/20 12/15/20 Purchase - Principal 14315EAC4 1.00 19,501.77 158,499.60 12/15/20 12/15/20 Purchase - Principal 43815AAC6 1.00 22,472.11 180,971.71 12/16/20 12/16/20 Purchase - Interest 36255JAD6 1.00 456.34 181,428.05 12/16/20 12/16/20 Purchase - Interest 36256XAD4 1.00 503.48 181,931.53 12/16/20 12/16/20 Purchase - Principal 36255JAD6 1.00 14,914.51 196,846.04 12/16/20 12/16/20 Purchase - Principal 36256XAD4 1.00 14,239.86 211,085.90 12/21/20 12/21/20 Purchase - Interest 05586CAD6 1.00 840.00 211,925.90 12/21/20 12/21/20 Purchase - Interest 36256GAE9 1.00 333.50 212,259.40 12/21/20 12/21/20 Purchase - Interest 92869BAD4 1.00 626.37 212,885.77 12/21/20 12/21/20 Purchase - Principal 36256GAE9 1.00 121,272.84 334,158.61 12/21/20 12/21/20 Purchase - Principal 92869BAD4 1.00 17,929.92 352,088.53 Page 28 For the Month Ending December 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 12/23/20 12/23/20 Purchase - Principal 912828R69 1.00 51,804.69 403,893.22 12/23/20 12/23/20 Purchase - Interest 912828R69 1.00 77.01 403,970.23 12/23/20 12/23/20 Purchase - Principal 912828R69 1.00 77,718.75 481,688.98 12/23/20 12/23/20 Purchase - Interest 912828R69 1.00 51.34 481,740.32 12/23/20 12/23/20 Redemption - Principal 650036DT0 1.00 (325,000.00) 156,740.32 12/23/20 12/23/20 IP Fees November 2020 1.00 (2,460.21) 154,280.11 12/23/20 12/23/20 U.S. Bank Fees October 2020 1.00 (197.37) 154,082.74 12/28/20 12/28/20 Purchase - Interest 02665WCZ2 1.00 4,800.00 158,882.74 12/28/20 12/28/20 Purchase - Interest 3136B1XP4 1.00 327.42 159,210.16 12/28/20 12/28/20 Purchase - Interest 3137BGK24 1.00 637.92 159,848.08 12/28/20 12/28/20 Purchase - Interest 3137BM6P6 1.00 592.26 160,440.34 12/28/20 12/28/20 Purchase - Interest 3137FKK39 1.00 146.76 160,587.10 12/28/20 12/28/20 Purchase - Interest 3137FQ3V3 1.00 217.80 160,804.90 12/28/20 12/28/20 Purchase - Principal 3137FKK39 1.00 27,585.25 188,390.15 12/28/20 12/28/20 Purchase - Principal 3137FQ3V3 1.00 3,128.04 191,518.19 12/28/20 12/28/20 Purchase - Principal 3136B1XP4 1.00 1,186.16 192,704.35 12/28/20 12/28/20 Purchase - Principal 3136B1XP4 1.00 1,186.15 193,890.50 12/28/20 12/28/20 Purchase - Principal 3136B1XP4 1.00 5,930.76 199,821.26 12/28/20 12/28/20 Redemption - Reversal of Interest 02665WCZ2 1.00 (4,800.00) 195,021.26 12/29/20 12/29/20 Purchase - Interest 02665WCZ2 1.00 4,800.00 199,821.26 12/31/20 12/31/20 Purchase - Interest 912828XX3 1.00 37,000.00 236,821.26 12/31/20 12/31/20 Purchase - Interest 912828YY0 1.00 21,875.00 258,696.26 Page 29 For the Month Ending December 31, 2020Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 12/31/20 12/31/20 Purchase - Principal 912828A83 1.00 10,118.75 268,815.01 12/31/20 12/31/20 Purchase - Principal 912828N48 1.00 15,131.25 283,946.26 12/31/20 01/04/21 Accrual Income Div Reinvestment - Distributions 1.00 19.08 283,965.34 283,965.34 283,965.34 283,965.34 186,130.95 2,516.12 0.00 (17,618,170.61) 17,793,102.25 109,033.70 19.08 283,965.34 0.00 (632,160.58) 562,362.26 353,763.66 Monthly Distribution Yield Average Monthly Balance Closing Balance Fiscal YTDMonth of Cash Dividends and Income Closing Balance Check Disbursements Redemptions (Excl. Checks) Purchases Opening Balance Closing Balance December January-December 0.12% Page 30