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Item No. 07 - Investment Report December 2022
Page 1 of 1 REPORT TO CITY COUNCIL To:Honorable Mayor or Members of the City Council From:Jason Simpson, City Manager Prepared by:Shannon Buckley, Assistant City Manager Date:February 14, 2023 Subject:CC Investment Report for December 2022 Recommendation Receive and File the Investment Report for December 2022. Discussion The Investment Report is a listing of all funds invested for the City as of the date shown on the report. Fiscal Impact No fiscal impact. Attachments Attachment 1- Investment Report for December 2022 CITY OF LAKE ELSINORE INVESTMENT REPORT BANK DEPOSITS OUTSTANDING BOOK CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE Bank Accounts: General Checking Account 4,985,841$ 43,254$ (311,743)$ 4,717,353$ Cash On Hand: Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 4,985,841 43,254 (311,743) 4,719,653 INVESTMENTS Local Agency Investment Funds 69,692,247 - - 69,692,247 CAMP Investments: CAMP Pool Account 46,870 - - 46,870 U.S. Treasury Bond / Note 11,945,429 - - 11,945,429 Supra-National Agency Bond / Note 1,377,948 - - 1,377,948 Municipal Bond / Note 1,336,023 - - 1,336,023 Federal Agency Commercial Mortgage-Backed Security 262,383 - - 262,383 Federal Agency Bond / Note 5,161,605 - - 5,161,605 Corporate Note 8,643,030 - - 8,643,030 Certificate of Deposit 1,150,000 - - 1,150,000 Asset-Backed Security 2,245,750 - - 2,245,750 Sub-total Investments 101,861,285 - - 101,861,285 Market Value Adjustment: Unrealized Gain/(Loss) at 09/30/2022 (3,763,096) - - (3,763,096) Total Investments 98,098,189 - - 98,098,189 Total Pooled Cash and Investments 103,084,030$ 43,254$ (311,743)$ 102,817,841$ TOTAL POOLED CASH AND INVESTMENTS 102,817,841$ 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 28, 2022. 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 10, 2023 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, 2022 FUND NO FUND NAME AMOUNT 100 General 15,949,447$ 102 Measure Z 13,051,646 106 Affordable Housing In Lieu 606,199 107 Developer Agreement Revenue 59,032 108 American Rescue Plan 9,824,046 109 Road Maintenance and Rehabilitation (SB1) 906,399 110 State Gas Tax 837,594 112 Measure A 1,613,848 114 SB1186 CASP Education Program 49,372 116 City Hall-Public Works DIF 25,120 117 Community Center DIF 136,956 118 Lake Side Facility DIF 236,435 119 Animal Shelter DIF 14,608 135 Lighting & Landscape Maintenance - Dist. No. 1 552,183 140 Geothermal 11,492 160 PEG Grant 71,851 180 Launch Pointe 1,648,802 202 La Strada RBBD 23,438 203 E.L.S.P. - S.T.I.F. 3,305,121 205 Traffic Impact Fee 308,998 211 Storm Drain C.I.P. 3,014,151 221 Quimby Park C.I.P. 81,157 231 Library C.I.P. 1,293,758 232 City Fire Protection 535,188 300 Insurance Service 1,303,708 305 Information Systems Service 2,662,558 310 Support Service 12,407 315 Fleet Service 335,900 320 Facilities Service 2,055,730 337 CFD 2016-2 Canyon Hills 1,839 346 CFD 2014-1 Southshore 66,800 354 CFD 90-2 Tuscany Hills 8,221 361 CFD 2022-2 Lakeshore Improvement 13,266 363 CFD 2022-3 Lakeside 29,869 366 CFD 2005-6 City Center Townhomes 2,150 368 CFD 2006-2 Viscaya 8,393 377 CFD 2006-6 Tessara 3,757 378 CFD 2006-8 Running Deer Estates 5,281 388 CFD 2007-6 Holiday Inn Express 12 395 CFD 2018-1 Wasson Canyon II Improvement Area 2,176 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, 2022 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, 2022 500 Capital Improvement Plan 8,270,534 540 Successor To RDA Diamond Stadium 1,711,499 603 Endowment Trust - Carl Graves 56,961 604 Endowment Trust - Korn Memorial 33,022 605 Public Improvement Trust 1,642,865 606 Mobile Source Air Polution Reduction 230,024 608 Trust Deposit & Pre Paid Expense 1,527,809 617 Successor Agency Housing 22,296,713 620 Cost Recovery System 5,916,444 631 Lake Destratification Equipment Replacement 453,586 655 CFD 2015-1s Law, Fire, Paramedic Services 9,472 Total Pooled Cash & Investments 102,817,841$ MAXIMUM DIVERSIFICATION CURRENT TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE CAMP - Pooled Sweep Account Unlimited 0.05% 46,870$ U.S. Treasury Bond / Note Unlimited 11.73% 11,945,429$ Supra-National Agency Bond / Note 30% 1.35% 1,377,948$ Municipal Bond / Note Unlimited 1.31% 1,336,023$ Federal Agency Collaterized Mortgage Obligation 40% 0.26% 262,383$ Federal Agency Bond / Note Unlimited 5.07% (1)5,161,605$ Corporate Note 30% 8.49% 8,643,030$ Negotiable Certificates of Deposit 30% 1.13% 1,150,000$ Asset-Backed Security / Collaterized Mortgage 20% 2.20% 2,245,750$ LAIF (Local Agency Investment Funds) $150 Million 68.42% (2)69,692,247$ TOTAL 100.00% 101,861,285$ 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, 2022 Local Agency Investment Fund December 2.173 November 2.007 October 1.772 PMIA Quarter to Date(1):1.98 287PMIA Average Life(1): 2.07LAIF Apportionment Rate(2): 0.00005680946709337 0.981389258 LAIF Earnings Ratio(2): LAIF Fair Value Factor(1): PMIA Daily(1):2.29 Treasuries 66.67% Agencies 20.08% Certificates of Deposit/Bank Notes 6.26% Time Deposits 2.58% Commercial Paper 3.95% Corporate Bonds 0.27% Loans 0.19% 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 01/18/23 Daily rates are now available here. View PMIA Daily Rates Quarterly Performance Quarter Ended 12/31/22 Chart does not include $3,466,000.00 in mortgages, which equates to 0.002%.Percentages may not total 100% due to rounding. Pooled Money Investment Account Monthly Portfolio Composition (1) 12/31/22 $199.6 billion Yield Purchase Date Maturity Rate 2.173% Daily 24-Hour Investment Beginning Balance Net Increase/(Decrease)Ending Balance Total Investments Held with Local Agency Investment Fund:69,692,247$ -$ 69,692,247$ Note: Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained. 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, 2022 CAMP Investment Portfolio For the Month Ending December 31, 2022Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Opening Market Value Purchases Redemptions Change in Value Closing Market Value 53,691.54 1,952,495.36 (1,959,316.49) 0.00 $46,870.41 CAMP Pool Unsettled Trades 0.00 135.41 Cash Dividends and Income Opening Market Value Purchases Redemptions Change in Value Closing Market Value 30,223,493.13 1,954,066.41 (1,913,913.42) (26,774.97) $30,236,871.15 CAMP Managed Account Unsettled Trades 0.00 (175,260.85)Cash Dividends and Income December 31, 2022 November 30, 2022 Asset Summary CAMP Pool 46,870.41 53,691.54 CAMP Managed Account 30,236,871.15 30,223,493.13 $30,283,741.56 $30,277,184.67 Total Asset Allocation 0.16% CAMP Pool 99.84% CAMP Managed Account Page 1 For the Month Ending December 31, 2022Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dividend Closing Market Value Redemptions Purchases Opening Market Value Closing Market Value Change in Current Value Unsettled Trades Principal Acquisitions Principal Dispositions Maturities/Calls Opening Market Value Closing Market Value Opening Market Value Account Total Total Cash Basis Earnings Plus Net Realized Gains/Losses Less Purchased Interest Related to Interest/Coupons Interest/Dividends/Coupons Received Earnings Reconciliation (Cash Basis) - Managed Account Dividends Less Beginning Accrued Interest Less Beginning Amortized Value of Securities Less Cost of New Purchases Plus Coupons/Dividends Received Plus Proceeds of Maturities/Calls/Principal Payments Plus Proceeds from Sales Ending Accrued Interest Ending Amortized Value of Securities Earnings Reconciliation (Accrual Basis) Reconciling Transactions Net Cash Contribution Security Purchases Principal Payments Coupon/Interest/Dividend Income Sale Proceeds Maturities/Calls Cash Transactions Summary- Managed Account $53,691.54 1,952,495.36 (1,959,316.49) $46,870.41 135.41 $30,223,493.13 (13,991.54) (1,899,921.88) 1,954,066.41 0.00 (26,774.97) $30,236,871.15 $30,277,184.67 $30,283,741.56 57,993.41 (2,552.49) (230,701.77) ($175,260.85) 0.00 1,915,139.27 42,776.02 13,991.54 (1,956,618.90) (15,287.93) 0.00 Managed Account Total 32,062,111.53 32,108,981.94 94,648.66 1,915,139.27 13,991.54 42,776.02 (1,956,618.90) (32,174,266.31) (111,146.54) 0.00 94,648.66 3,874,455.76 13,991.54 42,776.02 (3,909,114.26) (32,227,957.85) (111,146.54) 135.41 Total Accrual Basis Earnings ($113,364.73)($113,229.32) Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance $0.00 Closing Cash Balance Page 2 For the Month Ending December 31, 2022Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Account Summary Percent Par Value Market ValueDescription U.S. Treasury Bond / Note 12,500,000.00 11,310,835.89 37.36 Supra-National Agency Bond / Note 1,380,000.00 1,314,057.31 4.34 Municipal Bond / Note 1,335,000.00 1,223,749.45 4.04 Federal Agency Commercial Mortgage-Backed Security 250,000.00 242,197.79 0.80 Federal Agency Bond / Note 5,175,000.00 4,811,476.71 15.89 Corporate Note 8,490,000.00 8,014,498.03 26.46 Certificate of Deposit 1,150,000.00 1,142,400.16 3.77 Asset-Backed Security 2,246,036.06 2,177,655.81 7.19 Managed Account Sub-Total 32,526,036.06 30,236,871.15 99.85% Accrued Interest 94,648.66 Total Portfolio 32,526,036.06 30,331,519.81 CAMP Pool 46,870.41 46,870.41 0.15 Total Investments 32,572,906.47 30,378,390.22 100.00% Unsettled Trades 0.00 0.00 Sector Allocation 7.19% ABS 3.77% Cert of Deposit 26.46% Corporate Note 15.89% Fed Agy Bond / Note 0.80% Federal Agency Commercial Mortgage-Backed Security 0.15% Joint Powers Authority 4.04% Muni Bond / Note 4.34% Supra-National Agency Bond / Note 37.36% 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 1.78% 8.59% 14.05% 34.35%34.73% 6.50% 0.00% Maturity Distribution Characteristics Yield to Maturity at Cost Yield to Maturity at Market Weighted Average Days to Maturity 965 1.80% 4.44% Page 3 For the Month Ending December 31, 2022Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Credit Quality (S&P Ratings) 5.78% A 1.96% A+ 8.61% A- 0.82% A-2 6.07% AA 57.11% AA+ 3.76% AA- 11.24% AAA 0.15% AAAm 3.52% BBB+ 0.98% NR Issuer Summary Percentof HoldingsIssuer Market Value 220,834.35 0.73 ABBOTT LABORATORIES 433,778.55 1.43 AMAZON.COM INC 75,531.84 0.25 AMERICAN EXPRESS CO 385,007.20 1.27 AMERICAN HONDA FINANCE 506,607.20 1.67 APPLE INC 426,795.53 1.41 BANK OF AMERICA CO 437,687.33 1.45 BERKSHIRE HATHAWAY INC 218,882.23 0.72 BMW FINANCIAL SERVICES NA LLC 75,883.75 0.25 CALIFORNIA STATE UNIVERSITY 46,870.41 0.15 CAMP Pool 246,603.28 0.81 CAPITAL ONE FINANCIAL CORP 305,946.06 1.01 CARMAX AUTO OWNER TRUST 203,013.23 0.67 CATERPILLAR INC 96,103.00 0.32 CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 99,939.63 0.33 CHARLES SCHWAB 62,936.19 0.21 CINTAS CORPORATION NO. 2 217,288.13 0.72 CITIGROUP INC 247,586.50 0.82 CREDIT SUISSE GROUP RK 93,246.70 0.31 DEERE & COMPANY 181,501.07 0.60 DISCOVER FINANCIAL SERVICES 1,532,483.68 5.06 FANNIE MAE 455,625.70 1.50 FEDERAL HOME LOAN BANKS 283,333.80 0.94 FLORIDA STATE BOARD OF ADMIN FIN CORP 3,065,565.12 10.12 FREDDIE MAC 218,907.45 0.72 GENERAL DYNAMICS CORP 355,397.25 1.17 GM FINANCIAL CONSUMER AUTOMOBILE TRUST 117,211.43 0.39 GM FINANCIAL LEASINGTRUST 393,045.20 1.30 GOLDMAN SACHS GROUP INC 23,919.15 0.08 HOME DEPOT INC 94,904.49 0.31 HONDA AUTO RECEIVABLES 143,164.43 0.47 HYUNDAI AUTO RECEIVABLES 221,339.03 0.73 IBM CORP Page 4 For the Month Ending December 31, 2022Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Percentof HoldingsIssuer Market Value 591,708.88 1.95 INTER-AMERICAN DEVELOPMENT BANK 722,348.43 2.39 INTL BANK OF RECONSTRUCTION AND DEV 458,482.89 1.51 JP MORGAN CHASE & CO 127,048.60 0.42 LOS ANGELES COMMUNITY COLLEGE DISTRICT 393,075.60 1.30 MORGAN STANLEY 242,137.00 0.80 NATIONAL AUSTRALIA BANK LTD 48,119.10 0.16 NATIONAL RURAL UTILITIES CO FINANCE CORP 298,424.75 0.99 NEW YORK ST URBAN DEVELOPMENT CORP 420,828.09 1.39 NISSAN AUTO RECEIVABLES 445,012.65 1.47 NORDEA BANK ABP 164,573.15 0.54 PACCAR FINANCIAL CORP 394,184.40 1.30 PNC FINANCIAL SERVICES GROUP 388,503.29 1.28 Roche Holding AG 118,095.90 0.39 SAN JUAN UNIFIED SCHOOL DISTRICT 57,692.40 0.19 STATE OF CONNECTICUT 90,408.00 0.30 STATE OF MINNESOTA 36,282.12 0.12 TARGET CORP 624,492.22 2.06 THE BANK OF NEW YORK MELLON CORPORATION 381,259.20 1.26 THE WALT DISNEY CORPORATION 449,801.01 1.49 TORONTO-DOMINION BANK 538,566.43 1.78 TOYOTA MOTOR CORP 11,310,835.89 37.35 UNITED STATES TREASURY 201,442.95 0.67 UNITEDHEALTH GROUP INC 76,759.25 0.25 UNIVERSITY OF CALIFORNIA 216,720.45 0.72 USAA CAPITAL CORP $30,283,741.56 Total 100.00% Page 5 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024 72,093.75 75,368.61 4.14 76,104.49 01/07/2001/02/20AaaAA+ 75,000.00 912828XX3 1.66 US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024 312,406.25 328,001.55 17.95 333,823.24 02/07/2002/03/20AaaAA+ 325,000.00 912828XX3 1.36 US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024 480,625.00 508,432.52 27.62 524,355.47 03/06/2003/02/20AaaAA+ 500,000.00 912828XX3 0.85 US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 474,531.25 515,633.02 24.17 534,414.06 08/07/2008/05/20AaaAA+ 500,000.00 912828YY0 0.18 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 226,406.25 247,147.60 1.72 245,156.25 04/05/2104/01/21AaaAA+ 250,000.00 912828ZW3 0.72 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 407,531.25 446,338.86 3.11 443,654.30 03/04/2103/01/21AaaAA+ 450,000.00 912828ZW3 0.58 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 133,968.75 148,029.76 1.55 147,052.73 07/07/2107/01/21AaaAA+ 150,000.00 91282CBC4 0.82 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 312,593.75 346,625.31 3.63 344,859.38 06/07/2106/02/21AaaAA+ 350,000.00 91282CBC4 0.70 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 357,250.00 391,134.44 4.14 387,968.75 12/06/2112/02/21AaaAA+ 400,000.00 91282CBC4 1.13 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 401,906.25 447,392.12 4.66 446,167.97 08/05/2108/03/21AaaAA+ 450,000.00 91282CBC4 0.57 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 580,531.25 637,197.55 6.73 632,251.95 11/04/2111/02/21AaaAA+ 650,000.00 91282CBC4 1.05 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 736,828.13 817,521.43 8.54 814,236.33 09/07/2109/01/21AaaAA+ 825,000.00 91282CBC4 0.68 US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 67,031.25 72,198.23 96.34 71,458.01 02/14/2202/10/22AaaAA+ 75,000.00 91282CBW0 1.92 US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 849,062.50 932,136.61 1,220.30 926,843.75 01/06/2201/04/22AaaAA+ 950,000.00 91282CBW0 1.33 Page 6 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par U.S. Treasury Bond / Note US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 176,656.24 180,732.59 523.10 179,007.81 09/06/2209/01/22AaaAA+ 200,000.00 91282CCP4 3.53 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 220,820.30 229,947.51 653.87 226,250.00 05/05/2205/03/22AaaAA+ 250,000.00 91282CCP4 3.03 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 662,460.90 696,597.57 1,961.62 690,468.75 08/04/2208/01/22AaaAA+ 750,000.00 91282CCP4 2.74 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 706,624.96 740,413.26 2,092.39 732,343.75 07/08/2207/05/22AaaAA+ 800,000.00 91282CCP4 2.84 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 794,953.08 830,197.20 2,353.94 819,035.16 06/06/2206/02/22AaaAA+ 900,000.00 91282CCP4 2.94 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 794,953.08 827,294.74 2,353.94 819,562.50 08/15/2208/08/22AaaAA+ 900,000.00 91282CCP4 3.04 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 277,265.64 274,806.82 779.01 273,773.44 11/04/2211/01/22AaaAA+ 300,000.00 912828U24 4.39 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 323,476.58 324,077.50 908.84 322,574.22 10/11/2210/05/22AaaAA+ 350,000.00 912828U24 4.10 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 1,940,859.48 1,956,601.74 5,453.04 1,954,066.41 12/07/2212/05/22AaaAA+ 2,100,000.00 912828U24 3.92 18,504.35 11,310,835.89 11,973,826.54 2.19 11,945,428.72 12,500,000.00 Security Type Sub-Total Supra-National Agency Bond / Note INTL BK OF RECON AND DEV NOTE DTD 04/20/2021 0.125% 04/20/2023 241,842.93 244,924.27 60.40 244,492.85 04/20/2104/13/21AaaAAA 245,000.00 459058JV6 0.23 INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023 480,505.50 499,678.97 128.47 498,925.00 11/24/2011/17/20AaaAAA 500,000.00 459058JM6 0.32 INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 591,708.88 634,729.46 864.31 634,530.10 09/23/2109/15/21AaaAAA 635,000.00 4581X0DZ8 0.52 1,053.18 1,314,057.31 1,379,332.70 0.40 1,377,947.95 1,380,000.00 Security Type Sub-Total Page 7 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Municipal Bond / Note CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 57,692.40 60,000.00 599.40 60,000.00 06/11/2005/29/20Aa3AA- 60,000.00 20772KJW0 2.00 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 96,103.00 100,000.00 875.42 100,000.00 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 298,424.75 325,000.00 832.54 325,000.00 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 76,759.25 85,000.00 95.90 85,000.00 07/16/2007/10/20Aa2AA 85,000.00 91412HGE7 0.88 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 59,408.70 65,239.63 408.85 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 77,688.30 85,293.86 534.65 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 146,236.80 160,000.00 1,006.40 160,000.00 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 90,408.00 100,000.00 262.50 100,000.00 08/25/2008/11/20AaaAAA 100,000.00 60412AVJ9 0.63 SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025 118,095.90 130,000.00 461.50 130,000.00 10/29/2010/16/20Aa2NR 130,000.00 798306WP7 0.85 LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025 127,048.60 140,000.00 450.92 140,000.00 11/10/2010/30/20AaaAA+ 140,000.00 54438CYK2 0.77 CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025 75,883.75 85,000.00 122.12 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86 5,650.20 1,223,749.45 1,335,533.49 1.06 1,336,023.10 1,335,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 242,197.79 255,063.06 637.92 262,382.81 03/25/2003/19/20AaaAA+ 250,000.00 3137BGK24 1.95 637.92 242,197.79 255,063.06 1.95 262,382.81 250,000.00 Security Type Sub-Total Page 8 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Federal Agency Bond / Note FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 363,484.50 375,015.58 294.27 375,068.48 09/04/2009/02/20AaaAA+ 375,000.00 3137EAEW5 0.24 FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 508,878.30 524,960.59 411.98 524,826.75 09/04/2009/02/20AaaAA+ 525,000.00 3137EAEW5 0.26 FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 313,120.28 324,681.16 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 336,648.90 349,911.19 133.68 349,685.00 11/05/2011/03/20AaaAA+ 350,000.00 3137EAEZ8 0.28 FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023 311,735.13 324,888.55 76.74 324,629.50 11/25/2011/23/20AaaAA+ 325,000.00 3135G06H1 0.29 FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 287,497.20 299,908.59 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 320,420.80 349,206.24 374.31 348,264.00 04/16/2004/15/20AaaAA+ 350,000.00 3130AJHU6 0.60 FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025 321,094.20 349,667.17 419.27 349,279.00 04/24/2004/22/20AaaAA+ 350,000.00 3135G03U5 0.67 FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 384,569.75 423,918.54 708.33 422,883.50 07/23/2007/21/20AaaAA+ 425,000.00 3137EAEU9 0.48 FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025 315,620.90 349,131.61 459.38 348,362.00 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 135,204.90 149,758.30 182.81 149,550.00 09/11/2009/10/20AaaAA+ 150,000.00 3130AK5E2 0.44 FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025 629,168.40 698,849.47 714.58 697,893.00 09/25/2009/23/20AaaAA+ 700,000.00 3137EAEX3 0.44 FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 584,033.45 648,669.74 487.50 647,673.00 11/12/2011/09/20AaaAA+ 650,000.00 3135G06G3 0.57 4,403.74 4,811,476.71 5,168,566.73 0.41 5,161,604.98 5,175,000.00 Security Type Sub-Total Page 9 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024 394,184.40 400,572.17 6,144.44 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 03/18/2021 0.750% 03/18/2024 99,939.63 104,978.83 225.31 104,947.50 03/18/2103/16/21A2A 105,000.00 808513BN4 0.77 BANK OF NY MELLON CORP NOTES (CALLABLE) DTD 04/26/2021 0.500% 04/26/2024 198,052.89 209,901.39 189.58 209,775.30 04/26/2104/19/21A1A 210,000.00 06406RAS6 0.54 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 393,075.60 406,367.02 2,669.44 422,916.00 07/23/1907/19/19A1A- 400,000.00 61746BDQ6 2.59 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 385,007.20 399,404.47 106.67 398,016.00 07/15/1907/11/19A3A- 400,000.00 02665WCZ2 2.51 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS DTD 07/08/2014 3.850% 07/08/2024 393,045.20 404,977.85 7,400.56 418,632.00 07/11/1907/08/19A2BBB+ 400,000.00 38141EC23 2.84 BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 65,419.83 69,996.61 202.71 69,993.70 08/12/2108/09/21A2A 70,000.00 05565EBU8 0.75 WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 381,259.20 399,455.70 2,352.78 398,368.00 09/06/1909/03/19A2BBB+ 400,000.00 254687FK7 1.84 JOHN DEERE CAPITAL CORP CORPORATE NOTES DTD 09/10/2021 0.625% 09/10/2024 93,246.70 99,963.35 192.71 99,935.00 09/10/2109/07/21A2A 100,000.00 24422EVU0 0.65 PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 164,573.15 178,878.85 1,268.75 182,894.25 10/29/2010/22/20A1A+ 175,000.00 69371RQ66 0.73 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.250% 03/04/2025 75,531.84 79,941.54 585.00 79,919.20 03/04/2203/01/22A2BBB+ 80,000.00 025816CQ0 2.29 Page 10 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 388,503.29 410,000.00 2,695.20 410,000.00 03/10/2203/03/22Aa2AA 410,000.00 771196BT8 2.13 HOME DEPOT INC (CALLABLE) CORPORATE NOTE DTD 03/28/2022 2.700% 04/15/2025 23,919.15 24,967.21 142.50 24,956.25 03/28/2203/24/22A2A 25,000.00 437076CM2 2.76 CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 217,288.13 237,332.97 1,320.00 249,738.75 09/01/2008/28/20A3BBB+ 225,000.00 172967JP7 0.88 CINTAS CORPORATION NO. 2 CORP NOTE (CALL DTD 05/03/2022 3.450% 05/01/2025 62,936.19 64,988.88 373.75 64,985.70 05/03/2204/26/22A3A- 65,000.00 17252MAP5 3.46 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 216,720.45 224,415.38 1,265.63 224,264.25 05/26/2205/23/22Aa1AA 225,000.00 90327QD89 3.49 APPLE INC (CALLABLE) CORP NOTES DTD 05/11/2020 1.125% 05/11/2025 506,607.20 550,512.08 859.38 551,105.50 05/13/2005/11/20AaaAA+ 550,000.00 037833DT4 1.08 GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 218,907.45 238,632.23 1,006.25 252,247.50 10/20/2010/16/20A3A- 225,000.00 369550BG2 0.80 JPMORGAN CHASE & CO (CALLABLE) CORP NOTE DTD 06/01/2021 0.824% 06/01/2025 293,765.54 315,000.00 216.30 315,000.00 06/01/2105/24/21A1A- 315,000.00 46647PCH7 0.82 AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 433,778.55 474,887.20 295.56 474,767.25 06/05/2006/03/20A1AA 475,000.00 023135BQ8 0.81 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES DTD 06/09/2022 3.500% 06/09/2025 242,137.00 250,000.00 534.72 250,000.00 06/09/2205/31/22Aa3AA- 250,000.00 63254ABD9 3.50 NATIONAL RURAL UTIL COOP CORPORATE NOTES DTD 05/04/2022 3.450% 06/15/2025 48,119.10 49,989.37 76.67 49,986.50 05/04/2204/27/22A2A- 50,000.00 63743HFE7 3.46 Page 11 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 06/30/2022 3.950% 06/30/2025 98,126.20 99,921.04 10.97 99,905.00 06/30/2206/27/22A1A+ 100,000.00 89236TKC8 3.98 IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 221,339.03 225,000.00 3,850.00 225,000.00 07/27/2207/20/22A3A- 225,000.00 459200KS9 4.00 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 219,069.68 241,656.97 3,632.81 256,918.50 08/20/2008/18/20A2A- 225,000.00 06051GFS3 0.93 ABBOTT LABORATORIES CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 220,834.35 242,100.27 2,567.19 257,845.50 09/28/2009/24/20A1AA- 225,000.00 002824BM1 0.86 BANK OF AMERICA CORP NOTES (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 207,725.85 225,000.00 239.06 225,000.00 12/06/2112/01/21A2A- 225,000.00 06051GKE8 1.53 JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 164,717.35 175,000.00 1,602.05 175,000.00 02/24/2202/16/22A1A- 175,000.00 46647PCV6 2.60 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR DTD 05/19/2021 1.150% 05/15/2026 201,442.95 224,735.71 330.63 224,608.50 05/19/2105/17/21A3A+ 225,000.00 91324PEC2 1.19 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 06/18/2021 1.125% 06/18/2026 128,340.52 144,766.03 58.91 144,678.10 09/13/2109/08/21A1A+ 145,000.00 89236TJK2 1.17 BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 153,462.40 174,961.99 844.62 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26 CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 01/10/2022 1.700% 01/08/2027 203,013.23 224,084.01 1,838.13 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81 TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 36,282.12 39,944.80 359.67 39,932.00 01/24/2201/19/22A2A 40,000.00 87612EBM7 1.99 Page 12 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Corporate Note BANK OF NY MELLON CORP (CALLABLE) CORPOR DTD 01/26/2022 2.050% 01/26/2027 426,439.33 474,140.91 4,192.53 473,945.50 01/28/2201/26/22A1A 475,000.00 06406RBA4 2.10 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 437,687.33 467,505.77 3,216.81 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70 52,867.29 8,014,498.03 8,553,980.60 1.95 8,643,030.00 8,490,000.00 Security Type Sub-Total Certificate of Deposit CREDIT SUISSE NEW YORK CERT DEPOS DTD 03/23/2021 0.590% 03/17/2023 247,586.50 250,000.00 1,188.19 250,000.00 03/23/2103/19/21P-2A-2 250,000.00 22552G3C2 0.59 TORONTO DOMINION BANK NY CERT DEPOS DTD 10/31/2022 5.600% 10/27/2025 449,801.01 450,000.00 4,340.00 450,000.00 10/31/2210/27/22A1A 450,000.00 89115B6K1 5.58 NORDEA BANK ABP NEW YORK CERT DEPOS DTD 11/03/2022 5.530% 11/03/2025 445,012.65 450,000.00 4,009.25 450,000.00 11/03/2211/02/22Aa3AA- 450,000.00 65558UYF3 5.53 9,537.44 1,142,400.16 1,150,000.00 4.48 1,150,000.00 1,150,000.00 Security Type Sub-Total Asset-Backed Security GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025 83,505.39 84,993.12 8.57 84,987.17 02/24/2102/17/21AaaNR 85,000.00 36261RAD0 0.33 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 33,706.04 34,998.24 4.38 34,997.05 05/26/2105/18/21NRAAA 35,000.00 380144AD7 0.41 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 67,778.93 70,075.36 11.84 70,072.54 04/28/2104/20/21NRAAA 70,079.91 44933LAC7 0.38 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 282,533.15 294,996.77 43.27 294,995.01 06/23/2106/15/21AaaAAA 295,000.00 65480BAC1 0.33 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 312,099.71 324,977.25 37.56 324,965.00 06/14/2106/08/21NRAAA 325,000.00 89190GAC1 0.26 Page 13 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par Asset-Backed Security HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 94,904.49 99,984.51 24.44 99,978.92 11/24/2111/16/21AaaNR 100,000.00 43815GAC3 0.89 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 101,985.03 105,941.35 24.49 105,933.32 04/21/2104/13/21NRAAA 105,956.15 14314QAC8 0.52 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 75,385.50 79,986.61 26.31 79,982.14 11/17/2111/09/21NRAAA 80,000.00 44935FAD6 0.75 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 181,501.07 194,968.86 50.27 194,958.25 09/27/2109/20/21AaaAAA 195,000.00 254683CP8 0.58 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 80,032.46 84,998.36 24.08 84,997.83 10/21/2110/13/21AaaAAA 85,000.00 362554AC1 0.68 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 203,961.03 209,995.51 370.53 209,995.04 07/20/2207/12/22NRAAA 210,000.00 14318MAD1 3.97 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 138,294.94 139,972.66 277.51 139,971.03 09/28/2209/20/22AaaAAA 140,000.00 65480JAC4 4.46 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 275,364.79 274,956.99 552.29 274,954.93 10/12/2210/04/22NRAAA 275,000.00 36265QAD8 4.82 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 246,603.28 244,962.82 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 1,994.54 2,177,655.81 2,245,808.41 2.10 2,245,749.79 2,246,036.06 Security Type Sub-Total 32,526,036.06 32,122,167.35 1.80 94,648.66 32,062,111.53 30,236,871.15 Managed Account Sub-Total Joint Powers Authority CAMP Pool 46,870.41 46,870.41 0.00 46,870.41 NRAAAm 46,870.41 46,870.41 46,870.41 0.00 46,870.41 46,870.41 Liquid Sub-Total Page 14 For the Month Ending December 31, 2022Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS $32,572,906.47 $32,169,037.76 $94,648.66 $32,108,981.94 $30,283,741.56 1.80% $30,378,390.22 $94,648.66 Total Investments Accrued Interest Securities Sub-Total Page 15 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS 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 (3,274.86)(4,010.74) 72,093.75 96.13 HSBC 75,000.00 912828XX3US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024 4.71 1.47 (15,595.30)(21,416.99) 312,406.25 96.13 HSBC 325,000.00 912828XX3US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024 4.71 1.47 (27,807.52)(43,730.47) 480,625.00 96.13 HSBC 500,000.00 912828XX3US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024 4.71 1.47 (41,101.77)(59,882.81) 474,531.25 94.91 WELLS_F 500,000.00 912828YY0US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 4.44 1.96 (20,741.35)(18,750.00) 226,406.25 90.56 GOLDMAN 250,000.00 912828ZW3US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 4.27 2.49 (38,807.61)(36,123.05) 407,531.25 90.56 MERRILL 450,000.00 912828ZW3US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 4.27 2.49 (14,061.01)(13,083.98) 133,968.75 89.31 CITIGRP 150,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 4.20 2.98 (34,031.56)(32,265.63) 312,593.75 89.31 JPM_CHA 350,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 4.20 2.98 (33,884.44)(30,718.75) 357,250.00 89.31 CITIGRP 400,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 4.20 2.98 (45,485.87)(44,261.72) 401,906.25 89.31 JPM_CHA 450,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 4.20 2.98 (56,666.30)(51,720.70) 580,531.25 89.31 BNP_PAR 650,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 4.20 2.98 (80,693.30)(77,408.20) 736,828.13 89.31 CITIGRP 825,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 4.20 2.98 (5,166.98)(4,426.76) 67,031.25 89.38 BMO 75,000.00 91282CBW0US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 4.20 3.29 (83,074.11)(77,781.25) 849,062.50 89.38 CITIGRP 950,000.00 91282CBW0US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 4.20 3.29 (4,076.35)(2,351.57) 176,656.24 88.33 BMO 200,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 4.16 3.54 (9,127.21)(5,429.70) 220,820.30 88.33 HSBC 250,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 4.16 3.54 (34,136.67)(28,007.85) 662,460.90 88.33 BMO 750,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 4.16 3.54 Page 16 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS 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 (33,788.30)(25,718.79) 706,624.96 88.33 HSBC 800,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 4.16 3.54 (35,244.12)(24,082.08) 794,953.08 88.33 MERRILL 900,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 4.16 3.54 (32,341.66)(24,609.42) 794,953.08 88.33 BMO 900,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 4.16 3.54 2,458.82 3,492.20 277,265.64 92.42 BMO 300,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 4.14 3.73 (600.92) 902.36 323,476.58 92.42 BMO 350,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 4.14 3.73 (15,742.26)(13,206.93) 1,940,859.48 92.42 HSBC 2,100,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 4.14 3.73 (634,592.83) 4.23 (662,990.65) 11,310,835.89 12,500,000.00 Security Type Sub-Total 3.16 Supra-National Agency Bond / Note (3,081.34)(2,649.92) 241,842.93 98.71 TD 245,000.00 459058JV6INTL BK OF RECON AND DEV NOTE DTD 04/20/2021 0.125% 04/20/2023 4.40 0.31 (19,173.47)(18,419.50) 480,505.50 96.10 TD 500,000.00 459058JM6INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023 4.73 0.90 (43,020.58)(42,821.22) 591,708.88 93.18 JPM_CHA 635,000.00 4581X0DZ8INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 4.65 1.72 (63,890.64) 4.63 (65,275.39) 1,314,057.31 1,380,000.00 Security Type Sub-Total 1.16 Municipal Bond / Note (2,307.60)(2,307.60) 57,692.40 96.15 SIEBERT 60,000.00 20772KJW0CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 4.68 1.47 (3,897.00)(3,897.00) 96,103.00 96.10 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 4.68 1.55 (26,575.25)(26,575.25) 298,424.75 91.82 WELLS_F 325,000.00 650036DT0NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025 4.82 2.19 (8,240.75)(8,240.75) 76,759.25 90.31 04/15/25JPM_CHA 85,000.00 91412HGE7UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025 5.28 2.27 Page 17 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS 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 Municipal Bond / Note (5,830.93)(6,050.85) 59,408.70 91.40 MERRILL 65,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 4.95 2.45 (7,605.56)(7,875.25) 77,688.30 91.40 MERRILL 85,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 4.95 2.45 (13,763.20)(13,763.20) 146,236.80 91.40 MERRILL 160,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 4.95 2.45 (9,592.00)(9,592.00) 90,408.00 90.41 MORGAN_ 100,000.00 60412AVJ9MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025 4.61 2.56 (11,904.10)(11,904.10) 118,095.90 90.84 KEYBANC 130,000.00 798306WP7SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025 4.65 2.55 (12,951.40)(12,951.40) 127,048.60 90.75 MERRILL 140,000.00 54438CYK2LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025 4.61 2.56 (9,116.25)(9,116.25) 75,883.75 89.28 JPM_CHA 85,000.00 13077DQD7CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025 4.96 2.80 (112,273.65) 4.82 (111,784.04) 1,223,749.45 1,335,000.00 Security Type Sub-Total 2.31 Federal Agency Commercial Mortgage-Backed Security (12,865.27)(20,185.02) 242,197.79 96.88 CITIGRP 250,000.00 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 4.77 1.82 (20,185.02) 4.77 (12,865.27) 242,197.79 250,000.00 Security Type Sub-Total 1.82 Federal Agency Bond / Note (11,531.08)(11,583.98) 363,484.50 96.93 NOMURA 375,000.00 3137EAEW5FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 4.84 0.69 (16,082.29)(15,948.45) 508,878.30 96.93 WELLS_F 525,000.00 3137EAEW5FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 4.84 0.69 (11,560.88)(10,667.47) 313,120.28 96.34 WELLS_F 325,000.00 3137EAEY1FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 4.87 0.79 (13,262.29)(13,036.10) 336,648.90 96.19 CITIGRP 350,000.00 3137EAEZ8FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023 4.89 0.85 (13,153.42)(12,894.37) 311,735.13 95.92 NOMURA 325,000.00 3135G06H1FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023 4.90 0.91 Page 18 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS 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 (12,411.39)(12,205.80) 287,497.20 95.83 CITIGRP 300,000.00 3137EAFA2FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 4.90 0.93 (28,785.44)(27,843.20) 320,420.80 91.55 CITIGRP 350,000.00 3130AJHU6FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 4.42 2.28 (28,572.97)(28,184.80) 321,094.20 91.74 CITIGRP 350,000.00 3135G03U5FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025 4.42 2.29 (39,348.79)(38,313.75) 384,569.75 90.49 WELLS_F 425,000.00 3137EAEU9FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 4.34 2.54 (33,510.71)(32,741.10) 315,620.90 90.18 BARCLAY 350,000.00 3135G05X7FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025 4.33 2.64 (14,553.40)(14,345.10) 135,204.90 90.14 WELLS_F 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025 4.31 2.66 (69,681.07)(68,724.60) 629,168.40 89.88 CITIGRP 700,000.00 3137EAEX3FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025 4.34 2.72 (64,636.29)(63,639.55) 584,033.45 89.85 BARCLAY 650,000.00 3135G06G3FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 4.32 2.83 (350,128.27) 4.58 (357,090.02) 4,811,476.71 5,175,000.00 Security Type Sub-Total 1.80 Corporate Note (6,387.77)(8,663.60) 394,184.40 98.55 12/23/23CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024 4.92 0.96 (5,039.20)(5,007.87) 99,939.63 95.18 02/18/24CSFB 105,000.00 808513BN4CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 03/18/2021 0.750% 03/18/2024 4.88 1.13 (11,848.50)(11,722.41) 198,052.89 94.31 03/26/24JPM_CHA 210,000.00 06406RAS6BANK OF NY MELLON CORP NOTES (CALLABLE) DTD 04/26/2021 0.500% 04/26/2024 5.00 1.24 (13,291.42)(29,840.40) 393,075.60 98.27 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 5.23 1.30 (14,397.27)(13,008.80) 385,007.20 96.25 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 5.04 1.47 Page 19 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS 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 (11,932.65)(25,586.80) 393,045.20 98.26 04/08/24SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC (CALLABLE) BONDS DTD 07/08/2014 3.850% 07/08/2024 5.05 1.23 (4,576.78)(4,573.87) 65,419.83 93.46 GOLDMAN 70,000.00 05565EBU8BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 5.01 1.61 (18,196.50)(17,108.80) 381,259.20 95.31 07/30/24JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 4.70 1.56 (6,716.65)(6,688.30) 93,246.70 93.25 HSBC 100,000.00 24422EVU0JOHN DEERE CAPITAL CORP CORPORATE NOTES DTD 09/10/2021 0.625% 09/10/2024 4.82 1.68 (14,305.70)(18,321.10) 164,573.15 94.04 MERRILL 175,000.00 69371RQ66PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 4.82 2.05 (4,409.70)(4,387.36) 75,531.84 94.41 02/01/25BARCLAY 80,000.00 025816CQ0AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.250% 03/04/2025 4.99 2.03 (21,496.71)(21,496.71) 388,503.29 94.76 02/10/25DEUTSCH 410,000.00 771196BT8ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 4.67 2.06 (1,048.06)(1,037.10) 23,919.15 95.68 03/15/25MORGAN_ 25,000.00 437076CM2HOME DEPOT INC (CALLABLE) CORPORATE NOTE DTD 03/28/2022 2.700% 04/15/2025 4.71 2.15 (20,044.84)(32,450.62) 217,288.13 96.57 MKTX 225,000.00 172967JP7CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 4.88 2.24 (2,052.69)(2,049.51) 62,936.19 96.82 04/01/25KEYBANC 65,000.00 17252MAP5CINTAS CORPORATION NO. 2 CORP NOTE (CALL DTD 05/03/2022 3.450% 05/01/2025 4.90 2.17 (7,694.93)(7,543.80) 216,720.45 96.32 MERRILL 225,000.00 90327QD89USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 5.06 2.25 (43,904.88)(44,498.30) 506,607.20 92.11 04/11/25GOLDMAN 550,000.00 037833DT4APPLE INC (CALLABLE) CORP NOTES DTD 05/11/2020 1.125% 05/11/2025 4.69 2.25 (19,724.78)(33,340.05) 218,907.45 97.29 03/15/25JPM_CHA 225,000.00 369550BG2GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 4.72 2.13 Page 20 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS 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 (21,234.46)(21,234.46) 293,765.54 93.26 06/01/24JPM_CHA 315,000.00 46647PCH7JPMORGAN CHASE & CO (CALLABLE) CORP NOTE DTD 06/01/2021 0.824% 06/01/2025 3.76 1.41 (41,108.65)(40,988.70) 433,778.55 91.32 05/03/25GOLDMAN 475,000.00 023135BQ8AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 4.62 2.32 (7,863.00)(7,863.00) 242,137.00 96.85 CITIGRP 250,000.00 63254ABD9NATIONAL AUSTRALIA BK/NY CORPORATE NOTES DTD 06/09/2022 3.500% 06/09/2025 4.88 2.36 (1,870.27)(1,867.40) 48,119.10 96.24 RBC 50,000.00 63743HFE7NATIONAL RURAL UTIL COOP CORPORATE NOTES DTD 05/04/2022 3.450% 06/15/2025 5.10 2.37 (1,794.84)(1,778.80) 98,126.20 98.13 MERRILL 100,000.00 89236TKC8TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 06/30/2022 3.950% 06/30/2025 4.75 2.40 (3,660.97)(3,660.97) 221,339.03 98.37 JPM_CHA 225,000.00 459200KS9IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 4.68 2.43 (22,587.29)(37,848.82) 219,069.68 97.36 MERRILL 225,000.00 06051GFS3BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 4.97 2.44 (21,265.92)(37,011.15) 220,834.35 98.15 06/15/25US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 4.61 2.34 (17,274.15)(17,274.15) 207,725.85 92.32 12/06/24MERRILL 225,000.00 06051GKE8BANK OF AMERICA CORP NOTES (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 4.35 1.91 (10,282.65)(10,282.65) 164,717.35 94.12 02/24/25JPM_CHA 175,000.00 46647PCV6JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 4.62 2.08 (23,292.76)(23,165.55) 201,442.95 89.53 04/15/26CITIGRP 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) CORPOR DTD 05/19/2021 1.150% 05/15/2026 4.53 3.23 (16,425.51)(16,337.58) 128,340.52 88.51 JPM_CHA 145,000.00 89236TJK2TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 06/18/2021 1.125% 06/18/2026 4.76 3.40 Page 21 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS 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 (21,499.59)(21,485.10) 153,462.40 87.69 07/12/26MITSU 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 5.01 3.44 (21,070.78)(20,850.52) 203,013.23 90.23 JPM_CHA 225,000.00 14913R2U0CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 01/10/2022 1.700% 01/08/2027 4.38 3.86 (3,662.68)(3,649.88) 36,282.12 90.71 12/15/26CITIGRP 40,000.00 87612EBM7TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 4.49 3.78 (47,701.58)(47,506.17) 426,439.33 89.78 12/26/26DEUTSCH 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) CORPOR DTD 01/26/2022 2.050% 01/26/2027 4.85 3.80 (29,818.44)(28,401.67) 437,687.33 92.14 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 4.36 3.92 (628,531.97) 4.75 (539,482.57) 8,014,498.03 8,490,000.00 Security Type Sub-Total 2.22 Certificate of Deposit (2,413.50)(2,413.50) 247,586.50 99.03 CSFB 250,000.00 22552G3C2CREDIT SUISSE NEW YORK CERT DEPOS DTD 03/23/2021 0.590% 03/17/2023 5.15 0.22 (198.99)(198.99) 449,801.01 99.96 TD 450,000.00 89115B6K1TORONTO DOMINION BANK NY CERT DEPOS DTD 10/31/2022 5.600% 10/27/2025 5.59 3.52 (4,987.35)(4,987.35) 445,012.65 98.89 WELLS_F 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK CERT DEPOS DTD 11/03/2022 5.530% 11/03/2025 5.96 2.65 (7,599.84) 5.64 (7,599.84) 1,142,400.16 1,150,000.00 Security Type Sub-Total 2.46 Asset-Backed Security (1,487.73)(1,481.78) 83,505.39 98.24 RBC 85,000.00 36261RAD0GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025 1.16 0.46 (1,292.20)(1,291.01) 33,706.04 96.30 SOCGEN 35,000.00 380144AD7GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 2.00 0.78 Page 22 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS 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 Asset-Backed Security (2,296.43)(2,293.61) 67,778.93 96.72 BARCLAY 70,079.91 44933LAC7HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 1.62 0.69 (12,463.62)(12,461.86) 282,533.15 95.77 MITSU 295,000.00 65480BAC1NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 1.89 0.88 (12,877.54)(12,865.29) 312,099.71 96.03 CITIGRP 325,000.00 89190GAC1TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 1.67 0.78 (5,080.02)(5,074.43) 94,904.49 94.90 MERRILL 100,000.00 43815GAC3HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 2.62 1.26 (3,956.32)(3,948.29) 101,985.03 96.25 MERRILL 105,956.15 14314QAC8CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 1.75 0.71 (4,601.11)(4,596.64) 75,385.50 94.23 SMBC 80,000.00 44935FAD6HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 2.52 1.23 (13,467.79)(13,457.18) 181,501.07 93.08 CITIGRP 195,000.00 254683CP8DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 2.54 1.67 (4,965.90)(4,965.37) 80,032.46 94.16 JPM_CHA 85,000.00 362554AC1GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 2.33 1.30 (6,034.48)(6,034.01) 203,961.03 97.12 RBC 210,000.00 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 4.71 1.98 (1,677.72)(1,676.09) 138,294.94 98.78 WELLS_F 140,000.00 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 4.77 2.07 407.80 409.86 275,364.79 100.13 RBC 275,000.00 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 4.79 2.12 1,640.46 1,641.72 246,603.28 100.65 RBC 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 4.80 2.56 (68,093.98) 3.08 (68,152.60) 2,177,655.81 2,246,036.06 Security Type Sub-Total 1.47 32,526,036.06 30,236,871.15 (1,885,296.20) (1,825,240.38) 4.44 Managed Account Sub-Total 2.41 Joint Powers Authority 0.00 0.00 46,870.41 1.00 46,870.41 CAMP Pool 0.00 46,870.41 46,870.41 0.00 0.00 Liquid Sub-Total 0.00 Page 23 For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Investments $30,378,390.22 $94,648.66 $30,283,741.56 Accrued Interest Securities Sub-Total $32,572,906.47 ($1,885,296.20) ($1,825,240.38) 4.44% 2.41 Page 24 For the Month Ending December 31, 2022Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method BUY 12/07/22 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 912828U24 (1,954,066.41)(2,552.49)(1,956,618.90) 2,100,000.00 12/05/22 (2,552.49) (1,956,618.90)(1,954,066.41) 2,100,000.00 Transaction Type Sub-Total INTEREST 12/01/22 JPMORGAN CHASE & CO (CALLABLE) CORP NOTE DTD 06/01/2021 0.824% 06/01/2025 46647PCH7 0.00 1,297.80 1,297.80 315,000.00 12/01/22 12/25/22 FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 0.00 637.92 637.92 250,000.00 12/01/22 12/25/22 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 0.00 14.82 14.82 5,553.39 12/01/22 12/03/22 AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 023135BQ8 0.00 1,900.00 1,900.00 475,000.00 12/03/22 12/04/22 FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 3137EAFA2 0.00 375.00 375.00 300,000.00 12/04/22 12/06/22 BANK OF AMERICA CORP NOTES (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 06051GKE8 0.00 1,721.25 1,721.25 225,000.00 12/06/22 12/09/22 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES DTD 06/09/2022 3.500% 06/09/2025 63254ABD9 0.00 4,375.00 4,375.00 250,000.00 12/09/22 12/15/22 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 44935FAD6 0.00 49.33 49.33 80,000.00 12/15/22 12/15/22 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 14314QAC8 0.00 47.67 47.67 110,000.00 12/15/22 12/15/22 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 44933LAC7 0.00 23.58 23.58 74,474.21 12/15/22 12/15/22 NATIONAL RURAL UTIL COOP CORPORATE NOTES DTD 05/04/2022 3.450% 06/15/2025 63743HFE7 0.00 1,058.96 1,058.96 50,000.00 12/15/22 12/15/22 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 65480JAC4 0.00 520.33 520.33 140,000.00 12/15/22 Page 25 For the Month Ending December 31, 2022Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 12/15/22 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 89190GAC1 0.00 70.42 70.42 325,000.00 12/15/22 12/15/22 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 254683CP8 0.00 94.25 94.25 195,000.00 12/15/22 12/15/22 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 14318MAD1 0.00 694.75 694.75 210,000.00 12/15/22 12/15/22 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 14041NGB1 0.00 1,414.88 1,414.88 245,000.00 12/15/22 12/15/22 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 65480BAC1 0.00 81.13 81.13 295,000.00 12/15/22 12/16/22 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 362554AC1 0.00 48.17 48.17 85,000.00 12/16/22 12/16/22 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 36265QAD8 0.00 1,104.58 1,104.58 275,000.00 12/16/22 12/18/22 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 06/18/2021 1.125% 06/18/2026 89236TJK2 0.00 815.63 815.63 145,000.00 12/18/22 12/20/22 GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025 36261RAD0 0.00 23.38 23.38 85,000.00 12/20/22 12/20/22 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 380144AD7 0.00 11.96 11.96 35,000.00 12/20/22 12/21/22 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 43815GAC3 0.00 73.33 73.33 100,000.00 12/21/22 12/28/22 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 12/27/22 12/30/22 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 06/30/2022 3.950% 06/30/2025 89236TKC8 0.00 1,975.00 1,975.00 100,000.00 12/30/22 12/31/22 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 91282CBC4 0.00 5,296.88 5,296.88 2,825,000.00 12/31/22 12/31/22 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 912828ZW3 0.00 875.00 875.00 700,000.00 12/31/22 Page 26 For the Month Ending December 31, 2022Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Transaction Type Trade CUSIPSecurity DescriptionSettle Par Proceeds Principal Accrued Interest Total Cost Realized G/L Realized G/L Sale Amort Cost Method INTEREST 12/31/22 US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024 912828XX3 0.00 9,000.00 9,000.00 900,000.00 12/31/22 12/31/22 US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 912828YY0 0.00 4,375.00 4,375.00 500,000.00 12/31/22 42,776.02 42,776.02 0.00 9,695,027.60 Transaction Type Sub-Total PAYDOWNS 12/25/22 FHMS KP05 A DTD 12/01/2018 3.203% 07/01/2023 3137FKK39 5,553.39 0.00 5,553.39 0.02 0.00 5,553.39 12/01/22 12/15/22 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 44933LAC7 4,394.30 0.00 4,394.30 0.46 0.00 4,394.30 12/15/22 12/15/22 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 14314QAC8 4,043.85 0.00 4,043.85 0.87 0.00 4,043.85 12/15/22 0.00 0.00 1.35 13,991.54 13,991.54 13,991.54 Transaction Type Sub-Total SELL 12/07/22 US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 912828YY0 1,899,921.88 15,217.39 1,915,139.27 (230,703.12)(160,250.10)FIFO 2,000,000.00 12/05/22 15,217.39 (160,250.10)(230,703.12) 1,915,139.27 1,899,921.88 2,000,000.00 Transaction Type Sub-Total (40,152.99) 55,440.92 15,287.93 (230,701.77) (160,250.10)Managed Account Sub-Total Total Security Transactions ($230,701.77)$15,287.93 $55,440.92 ($40,152.99)($160,250.10) Page 27 For the Month Ending December 31, 2022Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 53,691.54 Opening Balance 12/01/22 12/01/22 Purchase - Interest 46647PCH7 1.00 1,297.80 54,989.34 12/05/22 12/05/22 Purchase - Interest 023135BQ8 1.00 1,900.00 56,889.34 12/05/22 12/05/22 Purchase - Interest 3137EAFA2 1.00 375.00 57,264.34 12/06/22 12/06/22 Purchase - Interest 06051GKE8 1.00 1,721.25 58,985.59 12/07/22 12/07/22 Purchase - Interest 912828YY0 1.00 15,217.39 74,202.98 12/07/22 12/07/22 Purchase - Principal 912828YY0 1.00 1,899,921.88 1,974,124.86 12/07/22 12/07/22 Redemption - Principal 912828U24 1.00 (1,954,066.41) 20,058.45 12/07/22 12/07/22 Redemption - Interest 912828U24 1.00 (2,552.49) 17,505.96 12/09/22 12/09/22 Purchase - Interest 63254ABD9 1.00 4,375.00 21,880.96 12/15/22 12/15/22 Purchase - Interest 63743HFE7 1.00 1,058.96 22,939.92 12/15/22 12/15/22 Purchase - Interest 14041NGB1 1.00 1,414.88 24,354.80 12/15/22 12/15/22 Purchase - Interest 14314QAC8 1.00 47.67 24,402.47 12/15/22 12/15/22 Purchase - Interest 14318MAD1 1.00 694.75 25,097.22 12/15/22 12/15/22 Purchase - Interest 254683CP8 1.00 94.25 25,191.47 12/15/22 12/15/22 Purchase - Interest 44933LAC7 1.00 23.58 25,215.05 12/15/22 12/15/22 Purchase - Interest 44935FAD6 1.00 49.33 25,264.38 12/15/22 12/15/22 Purchase - Interest 65480BAC1 1.00 81.13 25,345.51 12/15/22 12/15/22 Purchase - Interest 65480JAC4 1.00 520.33 25,865.84 12/15/22 12/15/22 Purchase - Interest 89190GAC1 1.00 70.42 25,936.26 12/15/22 12/15/22 Purchase - Principal 14314QAC8 1.00 4,043.85 29,980.11 12/15/22 12/15/22 Purchase - Principal 44933LAC7 1.00 4,394.30 34,374.41 Page 28 For the Month Ending December 31, 2022Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool 12/16/22 12/16/22 Purchase - Interest 362554AC1 1.00 48.17 34,422.58 12/16/22 12/16/22 Purchase - Interest 36265QAD8 1.00 1,104.58 35,527.16 12/19/22 12/19/22 Purchase - Interest 89236TJK2 1.00 815.63 36,342.79 12/20/22 12/20/22 Purchase - Interest 36261RAD0 1.00 23.38 36,366.17 12/20/22 12/20/22 Purchase - Interest 380144AD7 1.00 11.96 36,378.13 12/21/22 12/21/22 Purchase - Interest 43815GAC3 1.00 73.33 36,451.46 12/23/22 12/23/22 IP Fees November 2022 1.00 (2,534.39) 33,917.07 12/23/22 12/23/22 U.S. Bank Fees October 2022 1.00 (163.20) 33,753.87 12/27/22 12/27/22 Purchase - Interest 3137BGK24 1.00 637.92 34,391.79 12/27/22 12/27/22 Purchase - Interest 3137FKK39 1.00 14.82 34,406.61 12/27/22 12/27/22 Purchase - Principal 3137FKK39 1.00 5,553.39 39,960.00 12/28/22 12/28/22 Purchase - Interest 02665WCZ2 1.00 4,800.00 44,760.00 12/30/22 12/30/22 Purchase - Interest 89236TKC8 1.00 1,975.00 46,735.00 12/30/22 01/03/23 Accrual Income Div Reinvestment - Distributions 1.00 135.41 46,870.41 Page 29 For the Month Ending December 31, 2022Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Total Settlement Dollar AmountShare or Trade Shares OwnedDate Transaction Description of TransactionUnit PriceDate 46,870.41 46,870.41 46,870.41 37,010.35 1,710.02 0.00 (11,721,974.84) 11,513,668.57 255,176.68 135.41 46,870.41 0.00 (1,959,316.49) 1,952,495.36 53,691.54 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 4.30% Page 30