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Item No. 23 - SA Investment Report for April 2023
Page 1 of 1 REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE To:Honorable Chair and Members of the Successor Agency From:Jason Simpson, Executive Director Prepared by:Shannon Buckley, Assistant Executive Director Date:May 23, 2023 Subject:SA Investment Report for April 2023 Recommendation Receive and file the Investment Report for April 2023. Discussion The Investment Report lists all funds invested for the City of Lake Elsinore. It 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. The Review of the Investment Performance for the quarter ended March 31, 2023, is included. Fiscal Impact No fiscal impact. Attachments Attachment 1- Investment Report for April 2023 CITY OF LAKE ELSINORE INVESTMENT REPORT 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 April 30, 2023 BANK DEPOSITS IN TRANSIT OUTSTANDING CHECKS BOOK CASH ACCOUNTS Bank Accounts: BALANCE BALANCE General Checking Account $3,967,554 $101,872 $(162,631)$3,906,795 Cash On Hand: Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund - - - - - - 300 2,000 Total Cash Accounts 3,967,554 101,872 (162,631)3,909,095 INVESTMENTS Local Agency Investment Funds 63,559,580 --63,559,580 CAMP Investments: CAMP Pool Account 342,105 27,304,176 1,133,455 1,536,023 1,052,836 5,011,578 11,424,535 900,000 - - - - - - - - - - - - - - - - - - 342,105 27,304,176 1,133,455 1,536,023 1,052,836 5,011,578 11,424,535 900,000 U.S. Treasury Bond / Note Supra-National Agency Bond / Note Municipal Bond / Note Federal Agency Commercial Mortgage-Backed Security Federal Agency Bond / Note Corporate Note Certificate of Deposit Asset-Backed Security 2,952,992 2,952,992 Sub-total Investments 115,217,279 --115,217,279 Market Value Adjustment: Unrealized Gain/(Loss) at 03/31/2023 (2,162,400)--(2,162,400) Total Investments 113,054,880 117,022,434 --113,054,880 116,963,974Total Pooled Cash and Investments $$101,872 $(162,631)$ $TOTAL POOLED CASH AND INVESTMENTS 116,963,974 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 City Manager May 12, 2023 Date 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 April 30, 2023 FUND NO FUND NAME General AMOUNT 100 101 102 106 107 108 110 112 114 115 117 118 119 135 140 160 180 202 203 205 211 221 231 232 300 305 310 315 320 331 332 333 334 335 336 337 338 339 340 345 346 347 350 354 355 $20,246,086 8,333Supplemental Law Enforcement Measure Z 18,110,918 629,289 60,217 Affordable Housing In Lieu Developer Agreement Revenue American Rescue Plan 9,395,048 1,104,646 1,590,745 53,561 State Gas Tax Measure A SB1186 CASP Education Program Traffic Safety 8,968 Community Center DIF 143,664 246,841 17,429 Lake Side Facility DIF Animal Shelter DIF Lighting & Landscape Maintenance - Dist. No. 1 Geothermal 860,371 11,723 PEG Grant 77,247 Launch Pointe 1,102,022 23,908La Strada RBBD E.L.S.P. - S.T.I.F.3,371,464 141,351 3,087,936 60,327 Traffic Impact Fee Storm Drain C.I.P. Quimby Park C.I.P. Library C.I.P.1,320,838 551,332 1,530,270 2,344,997 10,895 City Fire Protection Insurance Service Information Systems Service Support Service Fleet Service 291,926 2,304,336 40,852 Facilities Service CFD 2006-1CC Summerly Improvement Area CC CFD 2006-1 Improvement Area B, Summerly CFD 2015-3 Terracina 27,304 1,362 CFD 2015-5 Trieste - Far West Industries CFD 2003-2E Canyon Hills Improvement Area E CFD 2006-1FF Summerly Improvement Area FF CFD 2016-2 Canyon Hills CFD 2006-1 IA-JJ Summerly Improvement Area CFD 2006-1 IA-KK Summerly Improvement Area CFD 2006-1 IA-EE Summerly Improvement Area CFD 2003-2 Improvement Area D, Canyon Hills CFD 2014-1 Southshore 39,783 11,765 33,921 158,135 51,371 21,871 48,944 527,848 68,141 CFD 2006-1 Improvement Area A, Summerly CFD 98-1 Summerhill 56,743 337,808 611,541 269,587 CFD 90-2 Tuscany Hills RAD 2021-1 Canyon Hills Improvement 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 April 30, 2023 FUND NO FUND NAME AMOUNT 16,973357 361 362 363 366 368 369 370 371 372 374 375 377 378 384 385 386 387 388 390 392 394 395 500 540 603 604 605 606 608 617 CFD 2003-2 Canyon Hills Improvement Area CFD 2022-2 Lakeshore Improvement CFD 2006-8S Running Deer Estates Services CFD 2022-3 Lakeside 13,533 10,222 20,448 CFD 2005-6 City Center Townhomes CFD 2006-2 Viscaya 85,585 136,611 410,918 34,094 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area CFD 2006-1 IA-HH Summerly Improvement CFD 2005-1 Serenity 157,050 411,404 1,632 CFD 2005-2 Alberhill Ranch Improvement Area CFD 2005-4 Lakeview Villas CFD 2006-4 Clurman 121,445 19,176CFD 2006-6 Tessara CFD 2006-8 Running Deer Estates CFD 2003-2 Area B Canyon Hills Improvement Area CFD 2004-3 Area 2 Rosetta Canyon Improvement Area CFD 2007-4 Mekenna Court 29,225 574,212 485,481 37,313 CFD 2007-5 Red Kite 26,391 CFD 2007-6 Holiday Inn Express CFD 2003-2 Area C Canyon Hills Improvement Area CFD 95-1 City Center 2,249 80,960 19,639 CFD 2005-5 (2012A) Wasson Canyon CFD 2018-1 Wasson Canyon II Improvement Area Capital Improvement Plan 100,431 4,547 5,300,773 1,302,377 58,773 Successor To RDA Diamond Stadium Endowment Trust - Carl Graves Endowment Trust - Korn Memorial Public Improvement Trust 33,685 1,675,842 256,795 1,509,433 27,855,215 Mobile Source Air Polution Reduction Trust Deposit & Pre Paid Expense Successor Agency Housing 620 631 655 Cost Recovery System 4,635,561 509,665 12,652 Lake Destratification Equipment Replacement CFD 2015-1s Law, Fire, Paramedic Services Total Pooled Cash & Investments $116,963,974 C I T Y O F L A K E E L S I N O R E SUMMARY OF POLICY LIMITATIONS FOR THE MONTH ENDING April 30, 2023 MAXIMUM PERCENTAGE DIVERSIFICATION PERCENTAGE CURRENT BALANCETYPES OF SECURITIES CAMP - Pooled Sweep Account U.S. Treasury Bond / Note Unlimited Unlimited 30% 0.30%$ $ $ $ $ 342,105 23.70% 0.98% 27,304,176 1,133,455 1,536,023 1,052,836 Supra-National Agency Bond / Note Municipal Bond / Note Unlimited 40% 1.33% Federal Agency Collaterized Mortgage Obligation 0.91% (1)Federal Agency Bond / Note Corporate Note Unlimited 30% 4.35% 9.92% 0.78% 2.56% $ $ $ $ 5,011,578 11,424,535 900,000Negotiable Certificates of Deposit Asset-Backed Security / Collaterized Mortgage 30% 20%2,952,992 (2)LAIF (Local Agency Investment Funds) TOTAL $150 Million 55.16%$ $ 63,559,580 100.00%115,217,279 Note: (1)No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. Investment in LAIF may not exceed $75 million in each agency.(2) Local Agency Investment Fund 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 April 30, 2023 Yield Purchase Date Maturity Rate 24-Hour2.870%Daily Investment Beginning Balance Net Increase/(Decrease)Ending Balance 63,559,580 Total Investments Held with Local Agency Investment Fund:$67,511,627 $(3,952,047)$ Note: Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained. PMIA/LAIF Performance Report as of 05/10/23 Quarterly Performance Quarter Ended 03/31/23 PMIA Average Monthly Effective Yields(1) (2)2.74April March February 2.870 2.831 2.624 LAIF Apportionment Rate :(2)0.00007493902135155LAIF Earnings Ratio :(1)LAIF Fair Value Factor :0.986510329 2.87 2.63 275 (1)PMIA Daily :(1)PMIA Quarter to Date :(1)PMIA Average Life : Pooled Money Investment Account Monthly Portfolio Composition (1) 03/31/23 $191.2 billion Corporate Bonds 0.24% Commercial PaperTime Deposits 4.47% 2.74% Loans 0.20% Certificates of Deposit/Bank Notes 6.48% Agencies 21.72% Treasuries 64.15% Chart does not include $3,085,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding. Daily rates are now available here. View PMIA Daily Rates 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 CAMP Investment Portfolio Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 CAMP Pool Asset Summary Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 15,909.15 1,441,509.69 (1,115,313.75) 0.00 April 30, 2023 March 31, 2023 CAMP Pool 342,105.09 15,909.15 CAMP Managed Account 50,236,941.15 50,363,475.91 0.00 Total $50,579,046.24 $50,379,385.06Closing Market Value Cash Dividends and Income CAMP Managed Account $342,105.09 Asset Allocation593.86 CAMP Pool 0.68%Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 50,363,475.91 1,110,434.56 (1,420,712.24) 0.00 183,742.92 Closing Market Value $50,236,941.15 Cash Dividends and Income 58,285.30 CAMP Managed Account 99.32% Page 1 Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Transaction Summary - Money Market Opening Market Value Transaction Summary - Managed Account Account Total $15,909.15 Opening Market Value $50,363,475.91 Opening Market Value $50,379,385.06 Purchases Redemptions 1,441,509.69 (1,115,313.75) Maturities/Calls (304,362.63) (1,116,349.61) 1,110,434.56 0.00 Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value 183,742.92__________________________________________________________________________________________________________________________________________________ Closing Market Value $342,105.09 Closing Market Value $50,236,941.15 Closing Market Value $50,579,046.24 Dividend 593.86 Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Dividends/Coupons Received Less Purchased Interest Related to Interest/Coupons Plus Net Realized Gains/Losses 48,297.34 (718.44) 10,706.40 Closing Cash Balance $0.00 Total Cash Basis Earnings $58,285.30 TotalEarnings Reconciliation (Accrual Basis)Managed Account Cash Transactions Summary- Managed Account Ending Amortized Value of Securities Ending Accrued Interest Plus Proceeds from Sales Plus Proceeds of Maturities/Calls/Principal Payments Plus Coupons/Dividends Received Less Cost of New Purchases Less Beginning Amortized Value of Securities Less Beginning Accrued Interest Dividends 51,424,871.26 265,395.61 1,118,328.64 304,362.63 46,318.31 (1,111,153.00) (51,690,828.28) (236,084.47) 0.00 51,766,976.35 265,395.61 2,233,642.39 304,362.63 46,318.31 Maturities/Calls Sale Proceeds Coupon/Interest/Dividend Income Principal Payments Security Purchases 245,000.00 1,118,328.64 46,318.31 59,362.63 (1,111,153.00) (357,856.58) 0.00 (2,552,662.69) Net Cash Contribution (51,706,737.43) Reconciling Transactions (236,084.47) 593.86 Total Accrual Basis Earnings $121,210.70 $121,804.56 Page 2 Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Account Summary Sector Allocation 5A .B7S4 % Cert of Deposit 1.78% Corporate Note 21.72% Fed Agy Bond / Note Description Par Value Market Value Percent U.S. Treasury Bond / Note Supra-National Agency Bond / Note Municipal Bond / Note Federal Agency Commercial Mortgage-Backed Security Federal Agency Bond / Note Corporate Note Certificate of Deposit Asset-Backed Security Managed Account Sub-Total Accrued Interest 28,800,000.00 1,135,000.00 1,535,000.00 1,075,000.00 27,128,034.93 1,087,638.03 1,453,178.65 1,030,405.05 53.63 2.15 2.87 2.04 9.39% 5,025,000.00 11,420,000.00 900,000.00 2,953,311.74 52,843,311.74 4,749,778.66 10,984,152.66 899,898.30 2,903,854.87 50,236,941.15 99.32% 265,395.61 50,502,336.76 342,105.09 50,844,441.85 100.00% 9.39 21.72 1.78 Federal Agency Commercial Mortgage-Backed Security 5.74 2.04% Joint Powers Authority 0.68% Muni Bond / Note 2.87% Supra-National Agency Bond / Note 2.15% Total Portfolio CAMP Pool Total Investments 52,843,311.74 342,105.09 53,185,416.83 0.68 US TSY Bond / Note 53.63% Unsettled Trades 0.00 0.00 Maturity Distribution Characteristics 40.67%Yield to Maturity at Cost 2.86% 4.15% 990 Yield to Maturity at Market Weighted Average Days to Maturity 20.98% 14.82% 11.44%9.32% 2.77% 0.00% Over 5 Years0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Page 3 Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Issuer Summary Credit Quality (S&P Ratings) Market Value of Holdings 222,932.03 441,682.08 353,745.58 388,633.20 744,502.98 431,048.93 452,878.30 225,138.27 373,375.50 78,087.80 342,105.09 247,491.80 285,896.15 206,659.58 96,743.00 380,625.72 63,454.63 218,377.80 94,742.70 502,675.22 1,562,115.93 464,144.65 289,710.50 129,909.57 3,753,923.13 220,285.13 356,436.21 106,926.59 393,627.60 171,267.59 24,237.88 Issuer ABBOTT LABORATORIES AMAZON.COM INC Percent 0.44 0.87 0.70 0.77 1.47 0.85 0.90 0.45 0.74 0.15 0.68 0.49 0.57 0.41 0.19 0.75 0.13 0.43 0.19 0.99 3.09 0.92 0.57 0.26 7.41 0.44 0.70 0.21 0.78 0.34 0.05 0.19 A NR 2.14% BBB+ 2.67% AAAm 0.68% AAA 8.23% AA- 3.30% A+ 2.23% A- 6.61% AA 3.71% AMERICAN EXPRESS CO AMERICAN HONDA FINANCE APPLE INC BANK OF AMERICA CO BERKSHIRE HATHAWAY INC BMW FINANCIAL SERVICES NA LLC BRISTOL-MYERS SQUIBB CO CALIFORNIA STATE UNIVERSITY CAMP Pool CAPITAL ONE FINANCIAL CORP CARMAX AUTO OWNER TRUST CATERPILLAR INC CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT CHARLES SCHWAB CINTAS CORPORATION NO. 2 CITIGROUP INC DEERE & COMPANY DISCOVER FINANCIAL SERVICES FANNIE MAE FEDERAL HOME LOAN BANKS FLORIDA STATE BOARD OF ADMIN FIN CORP FORD CREDIT AUTO OWNER TRUST FREDDIE MAC 3.64% AA+ 66.79% GENERAL DYNAMICS CORP GM FINANCIAL CONSUMER AUTOMOBILE TRUST GM FINANCIAL LEASINGTRUST GOLDMAN SACHS GROUP INC HARLEY-DAVIDSON MOTORCYCLE TRUST HOME DEPOT INC HONDA AUTO RECEIVABLES 95,578.02 Page 4 Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Market Value of Holdings 127,553.40 222,121.58 600,846.53 486,791.50 466,204.52 129,211.60 736,504.50 394,506.40 730,994.75 383,612.80 303,368.00 384,705.39 450,239.40 166,489.93 393,912.80 393,894.38 120,412.50 205,986.00 58,089.00 Issuer Percent 0.25 0.44 1.19 0.96 0.92 0.26 1.46 0.78 1.45 0.76 0.60 0.76 0.89 0.33 0.78 0.78 0.24 0.41 0.11 0.18 0.07 1.25 0.76 0.89 1.73 53.62 0.41 0.16 0.43 HYUNDAI AUTO RECEIVABLES IBM CORP INTER-AMERICAN DEVELOPMENT BANK INTL BANK OF RECONSTRUCTION AND DEV JP MORGAN CHASE & CO LOS ANGELES COMMUNITY COLLEGE DISTRICT MICROSOFT CORP MORGAN STANLEY NATIONAL AUSTRALIA BANK LTD NATIONAL RURAL UTILITIES CO FINANCE CORP NEW YORK ST URBAN DEVELOPMENT CORP NISSAN AUTO RECEIVABLES NORDEA BANK ABP PACCAR FINANCIAL CORP PNC FINANCIAL SERVICES GROUP Roche Holding AG SAN JUAN UNIFIED SCHOOL DISTRICT STATE OF CALIFORNIA STATE OF CONNECTICUT STATE OF MINNESOTA TARGET CORP THE BANK OF NEW YORK MELLON CORPORATION THE WALT DISNEY CORPORATION TORONTO-DOMINION BANK TOYOTA MOTOR CORP UNITED STATES TREASURY UNITEDHEALTH GROUP INC UNIVERSITY OF CALIFORNIA USAA CAPITAL CORP 92,227.00 37,212.76 631,067.52 384,894.00 449,658.90 877,058.81 27,128,034.93 206,270.78 79,343.25 218,874.15 Total $50,579,046.24 100.00% Page 5 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date U.S. Treasury Bond / Note US TREASURY N/B NOTES DTD 01/31/2022 0.875% 01/31/2024 91282CDV0 912828YY0 912828ZW3 912828ZW3 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBW0 91282CBW0 91282CCP4 91282CCP4 5,125,000.00 AA+ 500,000.00 AA+ 250,000.00 AA+ 450,000.00 AA+ 150,000.00 AA+ 350,000.00 AA+ 400,000.00 AA+ 450,000.00 AA+ 650,000.00 AA+ 825,000.00 AA+ 75,000.00 AA+ 950,000.00 AA+ 200,000.00 AA+ 250,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 01/13/23 08/05/20 04/01/21 03/01/21 07/01/21 06/02/21 12/02/21 08/03/21 11/02/21 09/01/21 02/10/22 01/04/22 09/01/22 05/03/22 01/17/23 08/07/20 04/05/21 03/04/21 07/07/21 06/07/21 12/06/21 08/05/21 11/04/21 09/07/21 02/14/22 01/06/22 09/06/22 05/05/22 4,929,609.37 4.68 534,414.06 0.18 245,156.25 0.72 443,654.30 0.58 147,052.73 0.82 344,859.38 0.70 387,968.75 1.13 446,167.97 0.57 632,251.95 1.05 814,236.33 0.68 71,458.01 1.92 926,843.75 1.33 179,007.81 3.53 226,250.00 3.03 11,149.00 2,924.72 208.91 376.03 188.02 438.71 501.38 564.05 814.74 1,034.10 1.53 4,983,225.80 513,063.21 247,523.33 446,821.12 148,245.67 346,995.14 392,106.01 447,677.92 638,600.56 818,341.00 72,474.95 4,972,050.53 479,921.90 231,015.62 415,828.13 137,250.00 320,250.00 366,000.00 411,750.00 594,750.00 754,875.00 68,695.31 US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 19.36 933,900.89 182,501.59 231,788.60 870,140.63 181,375.00 226,718.75 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 310.77 388.47US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 Page 6 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date U.S. Treasury Bond / Note US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 91282CCP4 91282CCP4 91282CCP4 91282CCP4 912828U24 912828U24 912828U24 912828U24 91282CEN7 91282CFB2 750,000.00 AA+ 800,000.00 AA+ 900,000.00 AA+ 900,000.00 AA+ 250,000.00 AA+ 975,000.00 AA+ 2,100,000.00 AA+ 9,500,000.00 AA+ 1,200,000.00 AA+ 800,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 08/01/22 07/05/22 06/02/22 08/08/22 11/01/22 01/04/23 12/05/22 01/13/23 01/31/23 03/02/23 08/04/22 07/08/22 06/06/22 08/15/22 11/04/22 01/06/23 12/07/22 01/17/23 02/03/23 03/06/23 690,468.75 2.74 732,343.75 2.84 819,035.16 2.94 819,562.50 3.04 228,144.53 4.39 907,092.77 3.96 1,954,066.41 3.92 8,922,578.13 3.72 1,155,421.88 3.70 746,531.25 4.44 1,165.40 1,243.09 1,398.48 1,398.48 2,306.63 8,995.86 19,375.69 87,651.93 89.67 701,500.62 745,884.12 836,606.03 833,970.05 230,787.38 912,635.23 1,968,771.32 8,965,533.69 1,157,928.86 748,393.35 680,156.25 725,500.00 816,187.50 816,187.50 236,328.12 921,679.69 1,985,156.25 8,980,468.75 1,161,750.00 774,000.00 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY N/B NOTES DTD 04/30/2022 2.750% 04/30/2027 US TREASURY N/B NOTES 5,469.61 DTD 07/31/2022 2.750% 07/31/2027 Security Type Sub-Total 28,800,000.00 27,304,175.79 3.35 148,014.63 27,505,276.44 27,128,034.93 Supra-National Agency Bond / Note INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023 459058JM6 4581X0DZ8 500,000.00 AAA 635,000.00 AAA Aaa Aaa 11/17/20 09/15/21 11/24/20 09/23/21 498,925.00 0.32 634,530.10 0.52 545.14 335.14 499,796.78 634,780.91 486,791.50 600,846.53INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 Security Type Sub-Total 1,135,000.00 1,133,455.10 0.43 880.28 1,134,577.69 1,087,638.03 Page 7 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Municipal Bond / Note CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 20772KJW0 157411TK5 650036DT0 91412HGE7 341271AD6 341271AD6 341271AD6 60412AVJ9 798306WP7 54438CYK2 13077DQD7 13063D3N6 60,000.00 AA- 100,000.00 AA- 325,000.00 NR 85,000.00 AA 65,000.00 AA 85,000.00 AA 160,000.00 AA 100,000.00 AAA 130,000.00 NR 140,000.00 AA+ 85,000.00 AA- 200,000.00 AA- Aa3 Aa1 NR 05/29/20 11/06/19 12/16/20 07/10/20 09/03/20 09/03/20 09/03/20 08/11/20 10/16/20 10/30/20 07/09/21 03/09/23 06/11/20 12/05/19 12/23/20 07/16/20 09/16/20 09/16/20 09/16/20 08/25/20 10/29/20 11/10/20 07/29/21 03/15/23 60,000.00 2.00 100,000.00 2.10 325,000.00 0.87 85,000.00 0.88 65,459.55 1.11 85,563.55 1.12 160,000.00 1.26 100,000.00 0.63 130,000.00 0.85 140,000.00 0.77 85,000.00 0.86 200,000.00 4.85 399.60 525.25 361.29 346.09 272.57 356.43 670.93 157.50 276.90 270.55 366.35 1,238.42 60,000.00 100,000.00 325,000.00 85,000.00 65,208.10 85,255.19 160,000.00 100,000.00 130,000.00 140,000.00 85,000.00 200,000.00 58,089.00 96,743.00 303,368.00 79,343.25 60,745.75 79,436.75 149,528.00 92,227.00 120,412.50 129,211.60 78,087.80 205,986.00 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025 UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025 Aa2 Aa3 Aa3 Aa3 Aaa Aa2 Aaa Aa2 Aa2 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025 SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025 LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025 CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025 CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,535,000.00 1,536,023.10 1.60 5,241.88 1,535,463.29 1,453,178.65 Federal Agency Commercial Mortgage-Backed Security FHMS K043 A2 3137BGK24 250,000.00 AA+Aaa 03/19/20 03/25/20 262,382.81 1.95 637.92 254,195.11 243,500.91 DTD 03/01/2015 3.062% 12/01/2024 Page 8 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Federal Agency Commercial Mortgage-Backed Security FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026 3137BNGT5 3137BSP72 275,000.00 AA+ 550,000.00 AA+ Aaa Aaa 04/11/23 04/06/23 04/14/23 04/12/23 263,613.28 4.37 526,839.84 4.02 629.06 263,613.28 526,839.84 263,829.16 523,074.98FHMS K058 A2 1,215.96 DTD 11/09/2016 2.653% 08/01/2026 Security Type Sub-Total 1,075,000.00 1,052,835.93 3.62 2,482.94 1,044,648.23 1,030,405.05 Federal Agency Bond / Note FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 3137EAEW5 3137EAEW5 3137EAEY1 3137EAEZ8 3135G06H1 3137EAFA2 3130AJHU6 3135G03U5 3137EAEU9 3135G05X7 225,000.00 AA+ 525,000.00 AA+ 325,000.00 AA+ 350,000.00 AA+ 325,000.00 AA+ 300,000.00 AA+ 350,000.00 AA+ 350,000.00 AA+ 425,000.00 AA+ 350,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 09/02/20 09/02/20 10/14/20 11/03/20 11/23/20 12/02/20 04/15/20 04/22/20 07/21/20 08/25/20 09/04/20 09/04/20 10/16/20 11/05/20 11/25/20 12/04/20 04/16/20 04/24/20 07/23/20 08/27/20 225,041.09 0.24 524,826.75 0.26 323,787.75 0.25 349,685.00 0.28 324,629.50 0.29 299,703.00 0.28 348,264.00 0.60 349,279.00 0.67 422,883.50 0.48 348,362.00 0.47 82.81 193.23 16.93 225,004.86 524,979.51 324,814.01 349,945.68 324,929.07 299,941.14 349,320.45 349,714.60 424,057.79 349,239.37 221,196.83 516,125.92 317,791.83 341,588.45 316,350.13 291,764.70 326,193.70 326,692.45 392,185.75 321,953.45 FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023 425.35 347.57 306.25 82.64 FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023 FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025 54.69 FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 442.71 240.63FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025 Page 9 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Federal Agency Bond / Note FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025 3130AK5E2 3137EAEX3 3135G06G3 150,000.00 AA+ 700,000.00 AA+ 650,000.00 AA+ Aaa Aaa Aaa 09/10/20 09/23/20 11/09/20 09/11/20 09/25/20 11/12/20 149,550.00 0.44 697,893.00 0.44 647,673.00 0.57 89.06 277.08 149,787.99 698,988.09 648,823.08 137,950.95 642,864.60 597,119.90 FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025 FANNIE MAE NOTES 1,570.83 DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate Note 5,025,000.00 5,011,577.59 0.42 4,129.78 5,019,545.64 4,749,778.66 PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024 693475AV7 808513BN4 400,000.00 A- 105,000.00 A- A3 A2 02/12/19 03/16/21 02/15/19 03/18/21 402,848.00 3.34 104,947.50 0.77 3,811.11 94.06 400,379.30 104,984.58 393,912.80 100,456.02CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 03/18/2021 0.750% 03/18/2024 BANK OF NY MELLON CORP NOTES (CALLABLE) 06406RAS6 210,000.00 A A1 04/19/21 04/26/21 209,775.30 0.54 14.58 209,925.99 200,290.02 DTD 04/26/2021 0.500% 04/26/2024 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 61746BDQ6 02665WCZ2 38141EC23 400,000.00 A- 400,000.00 A- 400,000.00 BBB+ A1 A3 A2 07/19/19 07/11/19 07/08/19 07/23/19 07/15/19 07/11/19 422,916.00 2.59 398,016.00 2.51 418,632.00 2.84 86.11 3,306.67 4,833.89 404,788.42 399,536.08 403,687.70 394,506.40 388,633.20 393,627.60 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS DTD 07/08/2014 3.850% 07/08/2024 BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 05565EBU8 254687FK7 70,000.00 A A2 A2 08/09/21 09/03/19 08/12/21 09/06/19 69,993.70 0.75 398,368.00 1.84 115.21 69,997.30 66,525.62 WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 400,000.00 BBB+1,186.11 399,563.31 384,894.00 Page 10 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Corporate Note JOHN DEERE CAPITAL CORP CORPORATE NOTES DTD 09/10/2021 0.625% 09/10/2024 24422EVU0 100,000.00 A A2 A1 09/07/21 09/10/21 10/29/20 03/04/22 03/10/22 03/28/22 99,935.00 0.65 182,894.25 0.73 79,919.20 2.29 410,000.00 2.13 24,956.25 2.76 88.54 743.75 285.00 1,238.34 30.00 99,970.47 178,271.99 79,950.38 410,000.00 24,971.92 94,742.70 166,489.93 76,178.08 393,894.38 24,237.88 PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 69371RQ66 025816CQ0 771196BT8 437076CM2 175,000.00 A+ 80,000.00 BBB+ 410,000.00 AA 10/22/20 03/01/22 03/03/22 03/24/22 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.250% 03/04/2025 A2 ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 Aa2 A2HOME DEPOT INC (CALLABLE) CORPORATE NOTE 25,000.00 A DTD 03/28/2022 2.700% 04/15/2025 CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 172967JP7 17252MAP5 225,000.00 BBB+ 65,000.00 A- A3 A3 08/28/20 04/26/22 09/01/20 05/03/22 249,738.75 0.88 64,985.70 3.46 82.50 235,585.68 64,990.44 218,377.80 63,454.63CINTAS CORPORATION NO. 2 CORP NOTE (CALL 1,121.25 DTD 05/03/2022 3.450% 05/01/2025 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 90327QD89 369550BG2 225,000.00 AA 225,000.00 A- Aa1 A3 05/23/22 10/16/20 05/26/22 10/20/20 224,264.25 3.49 252,247.50 0.80 3,796.88 3,631.25 224,497.82 236,597.57 218,874.15 220,285.13GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 JPMORGAN CHASE & CO (CALLABLE) CORP NOTE DTD 06/01/2021 0.824% 06/01/2025 46647PCH7 023135BQ8 315,000.00 A- 475,000.00 AA A1 A1 05/24/21 06/03/20 06/01/21 06/05/20 315,000.00 0.82 474,767.25 0.81 1,081.50 1,562.22 315,000.00 474,902.51 298,566.77 441,682.08AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 Page 11 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Corporate Note NATIONAL AUSTRALIA BK/NY CORPORATE NOTES DTD 06/09/2022 3.500% 06/09/2025 63254ABD9 250,000.00 AA- 50,000.00 A- Aa3 A2 05/31/22 06/09/22 05/04/22 250,000.00 3.50 49,986.50 3.46 3,451.39 651.67 250,000.00 49,990.79 243,382.75 48,870.00NATIONAL RURAL UTIL COOP CORPORATE NOTES 63743HFE7 04/27/22 DTD 05/04/2022 3.450% 06/15/2025 IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 459200KS9 06051GFS3 002824BM1 225,000.00 A- 225,000.00 A- 225,000.00 AA- A3 A2 A1 07/20/22 08/18/20 09/24/20 07/27/22 08/20/20 09/28/20 225,000.00 4.00 256,918.50 0.93 257,845.50 0.86 2,350.00 2,179.69 1,114.06 225,000.00 239,537.31 239,810.06 222,121.58 220,072.95 222,932.03 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 ABBOTT LABORATORIES CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 BANK OF AMERICA CORP NOTES (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 06051GKE8 46647PCV6 91324PEC2 05565EBW4 14913R2U0 87612EBM7 225,000.00 A- 175,000.00 A- 225,000.00 A+ A2 A1 A3 A2 A2 A2 12/01/21 02/16/22 05/17/21 08/12/21 01/11/22 01/19/22 12/06/21 02/24/22 05/19/21 08/16/21 01/13/22 01/24/22 225,000.00 1.53 175,000.00 2.60 224,608.50 1.19 174,947.50 1.26 223,863.75 1.81 39,932.00 1.99 1,386.56 845.18 225,000.00 175,000.00 224,761.49 174,965.45 224,158.89 39,949.29 210,975.98 167,637.75 206,270.78 158,612.65 206,659.58 37,212.76 JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR DTD 05/19/2021 1.150% 05/15/2026 1,193.13 480.03BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 175,000.00 225,000.00 40,000.00 A A A CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 01/10/2022 1.700% 01/08/2027 1,200.63 229.67TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 Page 12 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Corporate Note BANK OF NY MELLON CORP (CALLABLE) CORPOR 06406RBA4 475,000.00 A A1 01/26/22 01/28/22 473,945.50 2.10 2,569.62 474,210.28 430,777.50 DTD 01/26/2022 2.050% 01/26/2027 MICROSOFT CORP CORP NOTES (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 594918BY9 025816CS6 750,000.00 AAA 300,000.00 BBB+ Aaa A2 03/14/23 01/13/23 03/17/23 01/18/23 721,942.50 4.36 277,203.00 4.59 5,843.75 1,211.25 722,830.40 278,762.16 736,504.50 277,567.50AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.550% 03/04/2027 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 084664CZ2 808513BW4 63254ABE7 475,000.00 AA 300,000.00 A- 500,000.00 AA- Aa2 A2 03/15/22 02/17/23 01/13/23 03/17/22 02/22/23 01/18/23 466,089.00 2.70 284,925.00 4.66 488,325.00 4.50 1,395.97 825.00 468,092.02 285,608.86 489,075.17 452,878.30 280,169.70 487,612.00 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES Aa3 7,701.53 DTD 06/09/2022 3.905% 06/09/2027 APPLE INC (CALLABLE) BONDS DTD 09/12/2017 2.900% 09/12/2027 037833DB3 89236TKQ7 775,000.00 AA+ 375,000.00 A+ Aaa A1 01/19/23 02/08/23 01/23/23 02/10/23 741,062.75 3.94 376,282.50 4.55 3,059.10 5,251.30 743,027.22 376,225.40 744,502.98 381,643.88TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 637432NP6 110122DE5 350,000.00 A- 375,000.00 A+ A1 A2 02/17/23 03/09/23 02/22/23 03/13/23 329,189.00 4.76 358,263.75 4.93 2,776.67 2,884.38 329,970.42 358,718.09 334,742.80 373,375.50BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL DTD 07/15/2020 3.900% 02/20/2028 Security Type Sub-Total 11,420,000.00 11,424,534.90 2.80 75,709.55 11,332,294.76 10,984,152.66 Page 13 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Certificate of Deposit TORONTO DOMINION BANK NY CERT DEPOS DTD 10/31/2022 5.600% 10/27/2025 89115B6K1 450,000.00 A A1 10/27/22 10/31/22 11/03/22 450,000.00 5.58 450,000.00 5.53 12,740.00 450,000.00 449,658.90 NORDEA BANK ABP NEW YORK CERT DEPOS DTD 11/03/2022 5.530% 11/03/2025 65558UYF3 450,000.00 AA-Aa3 11/02/22 12,304.25 450,000.00 450,239.40 Security Type Sub-Total Asset-Backed Security 900,000.00 900,000.00 5.56 25,044.25 900,000.00 899,898.30 GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025 36261RAD0 380144AD7 44933LAC7 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 72,974.77 NR 35,000.00 AAA 52,611.70 AAA 255,049.67 AAA 259,398.26 AAA 100,000.00 NR 83,277.34 AAA 80,000.00 AAA 195,000.00 AAA 85,000.00 AAA Aaa NR 02/17/21 05/18/21 04/20/21 06/15/21 06/08/21 11/16/21 04/13/21 11/09/21 09/20/21 10/13/21 02/24/21 05/26/21 04/28/21 06/23/21 06/14/21 11/24/21 04/21/21 11/17/21 09/27/21 10/21/21 72,963.76 0.33 34,997.05 0.41 52,606.17 0.38 255,045.35 0.33 259,370.32 0.26 99,978.92 0.89 83,259.39 0.52 79,982.14 0.75 194,958.25 0.58 84,997.83 0.68 7.36 4.38 72,969.78 34,998.48 52,608.70 255,047.21 259,382.17 99,986.18 83,266.92 79,987.91 194,971.62 84,998.50 72,636.05 34,290.54 51,056.52 245,734.49 250,606.27 95,578.02 80,390.07 76,496.88 183,589.36 80,912.64 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 NR 8.89 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 Aaa NR 37.41 29.97 24.44 19.25 26.31 50.27 24.08 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 Aaa NRCARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 NR DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 Aaa AaaGMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 Page 14 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Asset-Backed Security CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 254683CY9 210,000.00 AAA 140,000.00 AAA 275,000.00 AAA 245,000.00 AAA 245,000.00 AAA 170,000.00 NR 130,000.00 AAA 320,000.00 NR NR Aaa NR 07/12/22 09/20/22 10/04/22 01/24/23 10/27/22 02/13/23 03/28/23 04/04/23 07/20/22 09/28/22 10/12/22 01/30/23 11/03/22 02/23/23 03/31/23 04/11/23 209,995.04 3.97 139,971.03 4.46 274,954.93 4.82 244,999.88 4.63 244,961.56 4.95 169,982.88 5.05 129,986.44 4.65 319,981.44 4.31 370.53 277.51 552.29 504.16 539.00 381.56 268.67 766.22 209,995.86 139,974.71 274,960.05 244,999.89 244,965.37 169,983.53 129,986.68 319,981.65 205,506.08 138,970.90 275,523.57 244,808.66 247,491.80 171,267.59 129,909.57 319,085.86 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 NR COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 NR HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 Aaa NRFORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028 DCENT 2023-A1 A Aaa DTD 04/11/2023 4.310% 03/15/2028 Security Type Sub-Total 2,953,311.74 52,843,311.74 2,952,992.38 2.93 2.86 3,892.30 2,953,065.21 51,424,871.26 2,903,854.87 50,236,941.15Managed Account Sub-Total Joint Powers Authority CAMP Pool 51,315,594.79 265,395.61 342,105.09 AAAm NR 342,105.09 0.00 342,105.09 342,105.09 Liquid Sub-Total 342,105.09 342,105.09 0.00 342,105.09 342,105.09 Securities Sub-Total Accrued Interest Total Investments $53,185,416.83 $51,657,699.88 2.86%$265,395.61 $51,766,976.35 $50,579,046.24 $265,395.61 $50,844,441.85 Page 15 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker U.S. Treasury Bond / Note US TREASURY N/B NOTES DTD 01/31/2022 0.875% 01/31/2024 US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY N/B NOTES 91282CDV0 912828YY0 912828ZW3 912828ZW3 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBW0 91282CBW0 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 5,125,000.00 CITIGRP 500,000.00 WELLS_F 250,000.00 GOLDMAN 450,000.00 MERRILL 150,000.00 CITIGRP 350,000.00 JPM_CHA 400,000.00 CITIGRP 450,000.00 JPM_CHA 650,000.00 BNP_PAR 825,000.00 CITIGRP 75,000.00 BMO 97.02 95.98 92.41 92.41 91.50 91.50 91.50 91.50 91.50 91.50 91.59 91.59 90.69 90.69 90.69 90.69 90.69 4,972,050.53 479,921.90 231,015.62 415,828.13 137,250.00 320,250.00 366,000.00 411,750.00 594,750.00 754,875.00 68,695.31 42,441.16 (54,492.16) (14,140.63) (27,826.17) (9,802.73) (24,609.38) (21,968.75) (34,417.97) (37,501.95) (59,361.33) (2,762.70) (56,703.12) 2,367.19 (11,175.27) (33,141.31) (16,507.71) (30,992.99) (10,995.67) (26,745.14) (26,106.01) (35,927.92) (43,850.56) (63,466.00) (3,779.64) (63,760.26) (1,126.59) (5,069.85) (21,344.37) (20,384.12) (20,418.53) 0.76 1.65 2.17 2.17 2.66 2.66 2.66 2.66 2.66 2.66 2.96 2.96 3.23 3.23 3.23 3.23 3.23 4.95 4.27 3.94 3.94 3.75 3.75 3.75 3.75 3.75 3.75 3.74 3.74 3.69 3.69 3.69 3.69 3.69 950,000.00 CITIGRP 200,000.00 BMO 870,140.63 181,375.00 226,718.75 680,156.25 725,500.00 816,187.50 250,000.00 HSBC 468.75 750,000.00 BMO (10,312.50) (6,843.75) (2,847.66) 800,000.00 HSBC DTD 07/31/2021 0.625% 07/31/2026 US TREASURY N/B NOTES 900,000.00 MERRILL DTD 07/31/2021 0.625% 07/31/2026 Page 16 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker U.S. Treasury Bond / Note US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY N/B NOTES DTD 04/30/2022 2.750% 04/30/2027 US TREASURY N/B NOTES 91282CCP4 912828U24 912828U24 912828U24 912828U24 91282CEN7 91282CFB2 900,000.00 BMO 250,000.00 BMO 90.69 94.53 94.53 94.53 94.53 96.81 96.75 816,187.50 236,328.12 921,679.69 1,985,156.25 8,980,468.75 1,161,750.00 774,000.00 (3,375.00) 8,183.59 (17,782.55) 5,540.74 3.23 3.41 3.41 3.41 3.41 3.76 4.02 3.69 3.66 3.66 3.66 3.66 3.61 3.58 975,000.00 BMO 14,586.92 31,089.84 57,890.62 6,328.12 9,044.46 2,100,000.00 HSBC 9,500,000.00 JPM_CHA 1,200,000.00 BNP_PAR 800,000.00 BMO 16,384.93 14,935.06 3,821.14 27,468.75 25,606.65 DTD 07/31/2022 2.750% 07/31/2027 Security Type Sub-Total 28,800,000.00 27,128,034.93 (176,140.86)(377,241.51)2.78 3.92 Supra-National Agency Bond / Note INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023 INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 459058JM6 4581X0DZ8 500,000.00 TD 97.36 94.62 486,791.50 600,846.53 (12,133.50) (33,683.57) (13,005.28) (33,934.38) 0.57 1.40 5.04 4.52635,000.00 JPM_CHA Security Type Sub-Total Municipal Bond / Note 1,135,000.00 1,087,638.03 (45,817.07)(46,939.66)1.03 4.75 CT ST TXBL GO BONDS 20772KJW0 157411TK5 650036DT0 91412HGE7 60,000.00 SIEBERT 100,000.00 RBC 96.82 96.74 93.34 93.35 58,089.00 96,743.00 303,368.00 79,343.25 (1,911.00) (3,257.00) (21,632.00) (5,656.75) (1,911.00) (3,257.00) (21,632.00) (5,656.75) 1.16 1.24 1.87 1.94 4.83 4.81 4.62 4.32 DTD 06/11/2020 1.998% 07/01/2024 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025 UNIV OF CAL TXBL REV BONDS 325,000.00 WELLS_F 85,000.00 JPM_CHA 04/15/25 DTD 07/16/2020 0.883% 05/15/2025 Page 17 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker Municipal Bond / Note FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025 SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025 LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025 CA ST UNIV TXBL REV BONDS 341271AD6 341271AD6 341271AD6 60412AVJ9 798306WP7 54438CYK2 13077DQD7 13063D3N6 65,000.00 MERRILL 85,000.00 MERRILL 160,000.00 MERRILL 100,000.00 MORGAN_ 130,000.00 KEYBANC 140,000.00 MERRILL 85,000.00 JPM_CHA 200,000.00 WELLS_F 93.46 93.46 93.46 92.23 92.63 92.29 91.87 102.99 60,745.75 79,436.75 149,528.00 92,227.00 120,412.50 129,211.60 78,087.80 205,986.00 (4,713.80) (6,126.80) (10,472.00) (7,773.00) (9,587.50) (10,788.40) (6,912.20) 5,986.00 (4,462.35) (5,818.44) (10,472.00) (7,773.00) (9,587.50) (10,788.40) (6,912.20) 5,986.00 2.14 2.14 2.14 2.24 2.24 2.24 2.47 3.54 4.46 4.46 4.46 4.29 4.32 4.40 4.33 4.00 DTD 07/29/2021 0.862% 11/01/2025 CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,535,000.00 1,453,178.65 (82,844.45)(82,284.64)2.21 4.42 Federal Agency Commercial Mortgage-Backed Security FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026 FHMS K058 A2 3137BGK24 3137BNGT5 3137BSP72 250,000.00 CITIGRP 275,000.00 BAIRD 550,000.00 BREAN 97.40 95.94 95.10 243,500.91 263,829.16 523,074.98 (18,881.90) 215.88 (10,694.20) 215.88 1.51 2.48 3.09 4.77 4.36 4.27(3,764.86)(3,764.86) DTD 11/09/2016 2.653% 08/01/2026 Security Type Sub-Total 1,075,000.00 1,030,405.05 (22,430.88)(14,243.18)2.56 4.41 Federal Agency Bond / Note FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 FREDDIE MAC NOTES 3137EAEW5 3137EAEW5 225,000.00 NOMURA 525,000.00 WELLS_F 98.31 98.31 221,196.83 516,125.92 (3,844.26) (8,700.83) (3,808.03) (8,853.59) 0.36 0.36 5.09 5.09 DTD 09/04/2020 0.250% 09/08/2023 Page 18 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker Federal Agency Bond / Note FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023 FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023 FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025 FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025 FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025 FREDDIE MAC NOTES 3137EAEY1 3137EAEZ8 3135G06H1 3137EAFA2 3130AJHU6 3135G03U5 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 3135G06G3 325,000.00 WELLS_F 350,000.00 CITIGRP 325,000.00 NOMURA 300,000.00 CITIGRP 350,000.00 CITIGRP 350,000.00 CITIGRP 425,000.00 WELLS_F 350,000.00 BARCLAY 150,000.00 WELLS_F 700,000.00 CITIGRP 650,000.00 BARCLAY 97.78 97.60 97.34 97.25 93.20 93.34 92.28 91.99 91.97 91.84 91.86 317,791.83 341,588.45 316,350.13 291,764.70 326,193.70 326,692.45 392,185.75 321,953.45 137,950.95 642,864.60 597,119.90 (5,995.92) (8,096.55) (8,279.37) (7,938.30) (22,070.30) (22,586.55) (30,697.75) (26,408.55) (11,599.05) (55,028.40) (50,553.10) (7,022.18) (8,357.23) (8,578.94) (8,176.44) (23,126.75) (23,022.15) (31,872.04) (27,285.92) (11,837.04) (56,123.49) (51,703.18) 0.47 0.52 0.58 0.60 1.95 1.97 2.22 2.32 2.34 2.39 2.51 5.05 5.02 5.00 4.99 4.16 4.17 4.04 4.03 4.00 3.98 3.92 DTD 09/25/2020 0.375% 09/23/2025 FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate Note 5,025,000.00 4,749,778.66 (261,798.93)(269,766.98)1.52 4.46 PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024 CHARLES SCHWAB CORP NOTES (CALLABLE) 693475AV7 808513BN4 400,000.00 CITIGRP 105,000.00 CSFB 12/23/23 02/18/24 98.48 95.67 393,912.80 100,456.02 (8,935.20) (4,491.48) (6,466.50) (4,528.56) 0.65 0.80 5.65 5.85 DTD 03/18/2021 0.750% 03/18/2024 BANK OF NY MELLON CORP NOTES (CALLABLE) 06406RAS6 210,000.00 JPM_CHA 03/26/24 95.38 200,290.02 (9,485.28)(9,635.97)0.91 5.36 DTD 04/26/2021 0.500% 04/26/2024 Page 19 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker Corporate Note MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS DTD 07/08/2014 3.850% 07/08/2024 BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 JOHN DEERE CAPITAL CORP CORPORATE NOTES 61746BDQ6 02665WCZ2 38141EC23 400,000.00 WELLS_FA 400,000.00 WELLS_FA 400,000.00 SUSQ 98.63 97.16 98.41 394,506.40 388,633.20 393,627.60 (28,409.60) (9,382.80) (25,004.40) (10,282.02) (10,902.88) (10,060.10) 0.97 1.15 0.93 5.31 4.95 5.2404/08/24 07/30/24 05565EBU8 254687FK7 24422EVU0 70,000.00 GOLDMAN 400,000.00 JPM_CHAS 100,000.00 HSBC 95.04 96.22 94.74 66,525.62 384,894.00 94,742.70 (3,468.08) (13,474.00) (5,192.30) (3,471.68) (14,669.31) (5,227.77) 1.28 1.24 1.36 4.78 4.70 4.66 DTD 09/10/2021 0.625% 09/10/2024 PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.250% 03/04/2025 ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 HOME DEPOT INC (CALLABLE) CORPORATE NOTE 69371RQ66 025816CQ0 771196BT8 437076CM2 175,000.00 MERRILL 80,000.00 BARCLAY 410,000.00 DEUTSCH 25,000.00 MORGAN_ 95.14 95.22 96.07 96.95 166,489.93 76,178.08 393,894.38 24,237.88 (16,404.32) (3,741.12) (16,105.62) (718.37) (11,782.06) (3,772.30) (16,105.62) (734.04) 1.75 1.73 1.75 1.84 4.70 4.99 4.35 4.34 02/01/25 02/10/25 03/15/25 DTD 03/28/2022 2.700% 04/15/2025 CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 CINTAS CORPORATION NO. 2 CORP NOTE (CALL 172967JP7 17252MAP5 225,000.00 MKTX 97.06 97.62 218,377.80 63,454.63 (31,360.95) (1,531.07) (17,207.88) (1,535.81) 1.95 1.85 4.87 4.7165,000.00 KEYBANC 04/01/25 DTD 05/03/2022 3.450% 05/01/2025 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 90327QD89 225,000.00 MERRILL 97.28 218,874.15 (5,390.10)(5,623.67)1.93 4.82 Page 20 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker Corporate Note GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 JPMORGAN CHASE & CO (CALLABLE) CORP NOTE DTD 06/01/2021 0.824% 06/01/2025 AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 369550BG2 46647PCH7 225,000.00 JPM_CHA 315,000.00 JPM_CHA 03/15/25 06/01/24 05/03/25 97.90 94.78 220,285.13 298,566.77 (31,962.37) (16,433.23) (16,312.44) (16,433.23) 1.81 1.09 4.59 3.44 023135BQ8 63254ABD9 475,000.00 GOLDMAN 250,000.00 CITIGRP 92.99 97.35 441,682.08 243,382.75 (33,085.17) (6,617.25) (33,220.43) (6,617.25) 1.99 2.03 4.34 4.83 DTD 06/09/2022 3.500% 06/09/2025 NATIONAL RURAL UTIL COOP CORPORATE NOTES 63743HFE7 50,000.00 RBC 97.74 48,870.00 (1,116.50)(1,120.79)2.05 4.58 DTD 05/04/2022 3.450% 06/15/2025 IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 ABBOTT LABORATORIES CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 BANK OF AMERICA CORP NOTES (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR 459200KS9 06051GFS3 002824BM1 225,000.00 JPM_CHA 225,000.00 MERRILL 225,000.00 US_BANC 98.72 97.81 99.08 222,121.58 220,072.95 222,932.03 (2,878.42) (36,845.55) (34,913.47) (2,878.42) (19,464.36) (16,878.03) 2.15 2.16 2.06 4.60 4.91 4.2806/15/25 12/06/24 02/24/25 04/15/26 07/12/26 06051GKE8 46647PCV6 91324PEC2 05565EBW4 225,000.00 MERRILL 175,000.00 JPM_CHA 225,000.00 CITIGRP 175,000.00 MITSU 93.77 95.79 91.68 90.64 210,975.98 167,637.75 206,270.78 158,612.65 (14,024.02) (7,362.25) (18,337.72) (16,334.85) (14,024.02) (7,362.25) (18,490.71) (16,352.80) 1.58 1.78 2.90 3.14 4.08 4.19 4.09 4.34 DTD 05/19/2021 1.150% 05/15/2026 BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 Page 21 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker Corporate Note CATERPILLAR FINL SERVICE CORPORATE NOTES 14913R2U0 225,000.00 JPM_CHA 91.85 206,659.58 (17,204.17)(17,499.31)3.57 4.10 DTD 01/10/2022 1.700% 01/08/2027 TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 BANK OF NY MELLON CORP (CALLABLE) CORPOR 87612EBM7 06406RBA4 40,000.00 CITIGRP 12/15/26 12/26/26 93.03 90.69 37,212.76 (2,719.24)(2,736.53)3.50 3.52 3.99 4.80475,000.00 DEUTSCH 430,777.50 (43,168.00)(43,432.78) DTD 01/26/2022 2.050% 01/26/2027 MICROSOFT CORP CORP NOTES (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.550% 03/04/2027 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 CHARLES SCHWAB CORP NOTES (CALLABLE) 594918BY9 025816CS6 084664CZ2 808513BW4 63254ABE7 750,000.00 GOLDMAN 300,000.00 RBS 11/06/26 02/01/27 02/15/27 01/01/27 98.20 92.52 95.34 93.39 97.52 736,504.50 277,567.50 452,878.30 280,169.70 487,612.00 14,562.00 364.50 13,674.10 (1,194.66) (15,213.72) (5,439.16) (1,463.17) 3.33 3.59 3.64 3.47 3.78 3.82 4.70 3.60 5.18 4.57 475,000.00 SEEL (13,210.70) (4,755.30) (713.00) 300,000.00 BARCLAY 500,000.00 CBAA DTD 09/24/2021 3.300% 04/01/2027 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES DTD 06/09/2022 3.905% 06/09/2027 APPLE INC (CALLABLE) BONDS DTD 09/12/2017 2.900% 09/12/2027 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES 037833DB3 89236TKQ7 775,000.00 TD 06/12/27 96.06 744,502.98 381,643.88 3,440.23 5,361.38 1,475.76 5,418.48 3.89 4.23 3.89 4.20375,000.00 WELLS_F 101.77 DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL 637432NP6 110122DE5 350,000.00 MORGAN_ 375,000.00 MKTX 11/07/27 11/20/27 95.64 99.57 334,742.80 373,375.50 5,553.80 4,772.38 4.19 4.19 4.42 4.0015,111.75 14,657.41 DTD 07/15/2020 3.900% 02/20/2028 Page 22 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker Security Type Sub-Total Certificate of Deposit 11,420,000.00 10,984,152.66 (440,382.24)(348,142.10)2.52 4.50 TORONTO DOMINION BANK NY CERT DEPOS DTD 10/31/2022 5.600% 10/27/2025 NORDEA BANK ABP NEW YORK CERT DEPOS 89115B6K1 65558UYF3 450,000.00 TD 99.92 449,658.90 450,239.40 (341.10) 239.40 (341.10) 239.40 3.19 2.32 5.59 5.51450,000.00 WELLS_F 100.05 DTD 11/03/2022 5.530% 11/03/2025 Security Type Sub-Total Asset-Backed Security 900,000.00 899,898.30 (101.70)(101.70)2.75 5.55 GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 HART 2021-C A3 36261RAD0 380144AD7 44933LAC7 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 14318MAD1 72,974.77 RBC 99.54 97.97 97.04 96.35 96.61 95.58 96.53 95.62 94.15 95.19 97.86 72,636.05 34,290.54 51,056.52 245,734.49 250,606.27 95,578.02 80,390.07 76,496.88 183,589.36 80,912.64 205,506.08 (327.71) (706.51) (333.73) (707.94) 0.13 0.46 0.58 0.68 0.68 1.01 0.70 0.97 1.35 1.04 1.53 0.59 1.41 1.65 1.85 1.62 2.56 1.79 2.23 2.39 2.16 4.56 35,000.00 SOCGEN 52,611.70 BARCLAY 255,049.67 MITSU 259,398.26 CITIGRP 100,000.00 MERRILL 83,277.34 MERRILL 80,000.00 SMBC (1,549.65) (9,310.86) (8,764.05) (4,400.90) (2,869.32) (3,485.26) (11,368.89) (4,085.19) (4,488.96) (1,552.18) (9,312.72) (8,775.90) (4,408.16) (2,876.85) (3,491.03) (11,382.26) (4,085.86) (4,489.78) DTD 11/17/2021 0.740% 05/15/2026 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 CARMX 2022-3 A3 195,000.00 CITIGRP 85,000.00 JPM_CHA 210,000.00 RBC DTD 07/20/2022 3.970% 04/15/2027 Page 23 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker Asset-Backed Security NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028 DCENT 2023-A1 A 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 254683CY9 140,000.00 WELLS_F 275,000.00 RBC 99.26 100.19 99.92 138,970.90 275,523.57 244,808.66 247,491.80 171,267.59 129,909.57 319,085.86 (1,000.13) 568.64 (1,003.81) 563.52 1.89 1.84 2.03 2.28 2.11 2.27 2.66 4.66 4.77 4.65 4.70 4.87 4.67 4.38 245,000.00 MERRILL 245,000.00 RBC (191.22) 2,530.24 1,284.71 (76.87) (191.23) 2,526.43 1,284.06 (77.11) 101.02 100.75 99.93 170,000.00 JPM_CHA 130,000.00 BNP_PAR 320,000.00 RBC 99.71 (895.58)(895.79) DTD 04/11/2023 4.310% 03/15/2028 Security Type Sub-Total 2,953,311.74 2,903,854.87 50,236,941.15 (49,137.51)(49,210.34)1.58 2.48 3.53 4.15Managed Account Sub-Total 52,843,311.74 (1,078,653.64)(1,187,930.11) Joint Powers Authority CAMP Pool 342,105.09 1.00 342,105.09 0.00 0.00 0.00 Liquid Sub-Total 342,105.09 342,105.09 0.00 0.00 0.00 Securities Sub-Total Accrued Interest Total Investments $53,185,416.83 $50,579,046.24 $265,395.61 $50,844,441.85 ($1,078,653.64)($1,187,930.11)2.48 4.15% Page 24 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTrade BUY Settle Security Description CUSIP Par Total 04/04/23 04/06/23 04/11/23 04/11/23 04/12/23 04/14/23 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026 FHMS K054 A2 254683CY9 320,000.00 550,000.00 275,000.00 (319,981.44) (526,839.84) (263,613.28) 0.00 (319,981.44) (527,285.69) (263,885.87) 3137BSP72 3137BNGT5 (445.85) (272.59) DTD 04/20/2016 2.745% 01/01/2026 Transaction Type Sub-Total INTEREST 1,145,000.00 (1,110,434.56)(718.44)(1,111,153.00) 04/01/23 04/01/23 CHARLES SCHWAB CORP NOTES (CALLABLE) 808513BW4 300,000.00 0.00 4,950.00 4,950.00 DTD 09/24/2021 3.300% 04/01/2027 FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 HOME DEPOT INC (CALLABLE) CORPORATE NOTE 04/01/23 04/14/23 04/15/23 04/15/23 04/15/23 04/25/23 04/14/23 04/15/23 04/15/23 04/15/23 3137BGK24 3130AJHU6 254683CP8 65480JAC4 437076CM2 250,000.00 350,000.00 195,000.00 140,000.00 25,000.00 0.00 0.00 0.00 0.00 0.00 637.92 875.00 94.25 637.92 875.00 94.25 520.33 337.50 520.33 337.50 DTD 03/28/2022 2.700% 04/15/2025 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 HART 2021-C A3 04/15/23 04/15/23 04/15/23 04/15/23 04/15/23 04/15/23 04/15/23 04/15/23 04/15/23 04/15/23 44933LAC7 14318MAD1 41285JAD0 44935FAD6 891940AC2 57,128.64 210,000.00 170,000.00 80,000.00 245,000.00 0.00 0.00 0.00 0.00 0.00 18.09 694.75 715.42 49.33 18.09 694.75 715.42 49.33 DTD 11/17/2021 0.740% 05/15/2026 TAOT 2023-A A3 945.29 945.29 DTD 01/30/2023 4.630% 09/15/2027 Page 25 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 04/15/23 04/15/23 04/15/23 04/15/23 04/15/23 04/16/23 04/16/23 04/16/23 04/20/23 04/20/23 04/20/23 04/21/23 04/22/23 04/26/23 04/15/23 04/15/23 04/15/23 04/15/23 04/15/23 04/16/23 04/16/23 04/16/23 04/20/23 04/20/23 04/20/23 04/21/23 04/22/23 04/26/23 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 INTL BK OF RECON AND DEV NOTE DTD 04/20/2021 0.125% 04/20/2023 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 FANNIE MAE NOTES 14314QAC8 89,088.86 0.00 38.61 38.61 344928AD8 65480BAC1 14041NGB1 89190GAC1 362554AC1 36265QAD8 3137EAEY1 36261RAD0 380144AD7 459058JV6 43815GAC3 3135G03U5 06406RAS6 130,000.00 273,072.88 245,000.00 278,383.99 85,000.00 275,000.00 325,000.00 85,000.00 35,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251.88 75.09 251.88 75.09 1,010.63 60.32 1,010.63 60.32 48.17 48.17 1,104.58 203.13 23.38 1,104.58 203.13 23.38 11.96 11.96 154.35 73.33 154.35 73.33100,000.00 350,000.00 210,000.00 1,093.75 525.00 1,093.75 525.00 DTD 04/24/2020 0.625% 04/22/2025 BANK OF NY MELLON CORP NOTES (CALLABLE) DTD 04/26/2021 0.500% 04/26/2024 CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 04/27/23 04/29/23 04/27/23 04/29/23 172967JP7 61746BDQ6 225,000.00 400,000.00 0.00 0.00 3,712.50 7,750.00 3,712.50 7,750.00 Page 26 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 04/30/23 04/30/23 04/30/23 04/30/23 US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 US TREASURY N/B NOTES 91282CBW0 1,025,000.00 1,200,000.00 0.00 3,843.75 3,843.75 91282CEN7 0.00 16,500.00 16,500.00 DTD 04/30/2022 2.750% 04/30/2027 Transaction Type Sub-Total MATURITY 7,352,674.37 0.00 46,318.31 46,318.31 04/20/23 04/20/23 INTL BK OF RECON AND DEV NOTE DTD 04/20/2021 0.125% 04/20/2023 459058JV6 245,000.00 245,000.00 0.00 245,000.00 507.15 0.00 Transaction Type Sub-Total PAYDOWNS 245,000.00 245,000.00 0.00 245,000.00 507.15 0.00 04/15/23 04/15/23 04/15/23 04/15/23 04/20/23 04/15/23 04/15/23 04/15/23 04/15/23 04/20/23 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 NAROT 2021-A A3 14314QAC8 44933LAC7 89190GAC1 65480BAC1 36261RAD0 5,811.52 4,516.94 5,811.52 4,516.94 0.00 0.00 0.00 0.00 0.00 5,811.52 4,516.94 1.25 0.48 2.04 0.30 1.82 0.00 0.00 0.00 0.00 0.00 18,985.73 18,023.21 12,025.23 18,985.73 18,023.21 12,025.23 18,985.73 18,023.21 12,025.23 DTD 06/23/2021 0.330% 10/15/2025 GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025 Transaction Type Sub-Total SELL 59,362.63 59,362.63 0.00 59,362.63 5.89 0.00 04/04/23 04/06/23 04/11/23 04/11/23 04/12/23 04/14/23 US TREASURY N/B NOTES DTD 01/31/2022 0.875% 01/31/2024 US TREASURY N/B NOTES DTD 01/31/2022 0.875% 01/31/2024 US TREASURY N/B NOTES 91282CDV0 91282CDV0 91282CDV0 325,000.00 550,000.00 275,000.00 315,465.82 534,101.56 266,782.23 549.90 943.89 485.24 316,015.72 535,045.45 267,267.47 2,856.45 5,070.31 2,266.60 110.24 367.56 FIFO FIFO FIFO(140.10) DTD 01/31/2022 0.875% 01/31/2024 Transaction Type Sub-Total 1,150,000.00 1,116,349.61 1,979.03 1,118,328.64 10,193.36 337.70 Page 27 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Transaction Type Trade Settle Principal Proceeds Accrued Interest Realized G/L Realized G/L Sale MethodSecurity Description CUSIP Par Total Cost Amort Cost Managed Account Sub-Total Total Security Transactions 310,277.68 47,578.90 357,856.58 10,706.40 337.70 $337.70$310,277.68 $47,578.90 $357,856.58 $10,706.40 Page 28 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool Opening Balance 04/03/23 04/11/23 04/11/23 04/11/23 04/12/23 04/12/23 04/12/23 04/12/23 04/14/23 04/14/23 04/14/23 04/14/23 04/14/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 15,909.15 20,859.15 336,324.97 336,874.87 16,893.43 550,994.99 551,938.88 551,493.03 24,653.19 25,528.19 26,013.43 292,795.66 29,182.38 28,909.79 29,112.92 29,450.42 30,461.05 30,499.66 31,194.41 31,288.66 31,540.54 31,588.71 04/03/23 04/11/23 04/11/23 04/11/23 04/12/23 04/12/23 04/12/23 04/12/23 04/14/23 04/14/23 04/14/23 04/14/23 04/14/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 Purchase - Interest 808513BW4 Purchase - Principal 91282CDV0 Purchase - Interest 91282CDV0 Redemption - Principal 254683CY9 Purchase - Principal 91282CDV0 Purchase - Interest 91282CDV0 Redemption - Interest 3137BSP72 Redemption - Principal 3137BSP72 Purchase - Interest 3130AJHU6 Purchase - Interest 91282CDV0 Purchase - Principal 91282CDV0 Redemption - Principal 3137BNGT5 Redemption - Interest 3137BNGT5 Purchase - Interest 3137EAEY1 Purchase - Interest 437076CM2 Purchase - Interest 14041NGB1 Purchase - Interest 14314QAC8 Purchase - Interest 14318MAD1 Purchase - Interest 254683CP8 Purchase - Interest 344928AD8 Purchase - Interest 362554AC1 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 4,950.00 315,465.82 549.90 (319,981.44) 534,101.56 943.89 (445.85) (526,839.84) 875.00 485.24 266,782.23 (263,613.28) (272.59) 203.13 337.50 1,010.63 38.61 694.75 94.25 251.88 48.17 Page 29 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/20/23 04/20/23 04/20/23 04/20/23 04/20/23 04/21/23 04/24/23 04/25/23 04/25/23 04/25/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/17/23 04/20/23 04/20/23 04/20/23 04/20/23 04/20/23 04/21/23 04/24/23 04/25/23 04/25/23 04/25/23 Purchase - Interest 36265QAD8 Purchase - Interest 41285JAD0 Purchase - Interest 44933LAC7 Purchase - Interest 44935FAD6 Purchase - Interest 65480BAC1 Purchase - Interest 65480JAC4 Purchase - Interest 89190GAC1 Purchase - Interest 891940AC2 Purchase - Principal 14314QAC8 Purchase - Principal 44933LAC7 Purchase - Principal 65480BAC1 Purchase - Principal 89190GAC1 Purchase - Interest 459058JV6 Purchase - Interest 380144AD7 Purchase - Interest 36261RAD0 Purchase - Principal 459058JV6 Purchase - Principal 36261RAD0 Purchase - Interest 43815GAC3 Purchase - Interest 3135G03U5 Purchase - Interest 3137BGK24 IP Fees March 2023 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1,104.58 715.42 32,693.29 33,408.71 33,426.80 33,476.13 33,551.22 34,071.55 34,131.87 35,077.16 40,888.68 45,405.62 63,428.83 82,414.56 82,568.91 82,580.87 82,604.25 327,604.25 339,629.48 339,702.81 340,796.56 341,434.48 337,493.19 337,273.73 18.09 49.33 75.09 520.33 60.32 945.29 5,811.52 4,516.94 18,023.21 18,985.73 154.35 11.96 23.38 245,000.00 12,025.23 73.33 1,093.75 637.92 (3,941.29) (219.46)U.S. Bank Fees February 2023 Page 30 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending April 30, 2023 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 04/26/23 04/27/23 04/28/23 04/26/23 04/27/23 05/01/23 Purchase - Interest 06406RAS6 Purchase - Interest 172967JP7 1.00 1.00 1.00 525.00 3,712.50 593.86 337,798.73 341,511.23 342,105.09Accrual Income Div Reinvestment - Distributions Closing Balance 342,105.09 Month of Fiscal YTD April January-April Opening Balance Purchases Redemptions (Excl. Checks) Check Disbursements 15,909.15 1,441,509.69 (1,115,313.75) 0.00 46,870.41 24,304,746.21 (24,009,511.53) 0.00 Closing Balance Average Monthly Balance Monthly Distribution Yield 342,105.09 144,709.93 4.97% Closing Balance 342,105.09 342,105.09 Cash Dividends and Income 593.86 23,432.23 Page 31 Review of Investment Performance CAMP Accounts City of Lake Elsinore Investment Performance Review For the Quarter Ended March 31, 2023 PFM Asset Management LLC NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public Market Update © PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Current Market Themes ▸ The U.S. economy is characterized by: ▹ Lingering inflation that remains well above the Fed’s long-term inflation target ▹ A labor market showing the first signs of moderation ▹ Greater economic uncertainty following the surprise failure of Silicon Valley Bank and Signature Bank ▸ Fed policy tightening may be nearly complete ▹ The most recent FOMC statement noted that “some additional policy firming may be appropriate,” but the need for more rate hikes has become less clear ▹ Although the Fed acknowledged the impact of the recent bank failures, their March updated Summary of Economic Projections were little changed from December ▹ The Fed has maintained that they will keep rates elevated for some time, but the market is pricing in rate cuts beginning mid-year ▸ Bond markets saw unprecedented volatility in March ▹ In a classic “flight to quality,” Treasury yields fell sharply, with the 2-year Treasury yield falling from 5.07% on March 8 to under 4.00% on March 17 ▹ The curve inversion from 3 months to 10 years reached the deepest levels in over 40 years ▹ Credit yield spreads widened, especially those on banks, but not nearly to levels seen during the global financial crisis 1© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Fed’s Updated Projections Reflect Little Change From December Change in Real GDP Unemployment Rate December Projections March Projections December Projections March Projections 3% 2% 1% 0% 8% 6% 4% 2% 0% 1.9%1.8%4.5%4.6%4.6%4.0% 1.2% 0.4% 2023 2024 2025 Longer Run 2023 2024 2025 Longer Run PCE Inflation Federal Funds Rate December Projections March Projections December Projections March Projections 6% 5% 4% 3% 2% 1% 0% 6% 5% 4% 3% 2% 1% 0% 5.1% 4.3% 3.3%3.1%2.5%2.5%2.1%2.0% 2023 2024 2025 Longer Run202320242025Longer Run Source: Federal Reserve, latest economic projections as of March 2023. 2© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Market Events Drive Large Yield Moves Major Economic and Market Events and the Daily Change in the 2-Year U.S. Treasury Yield Jan 6th Weak wage growth hints inflation may be cooling Feb 3rd Mar 10th Silicon Valley Bank closed by regulators Mar 21st Market prices in expected 25 bps rate hike Strong jobs report raises questions of more rate hikes Mar 15th Bank crisis spills over to Europe ▼-21 bps ▲ +18bps ▼-30 bps ▼-27 bps ▲ +25 bps January 2023 April Jan 18th Producer prices show Feb 6th Mar 13th Mar 17th Market weighs weaker economic prospects Mar 22nd Fed rate hike accompanied by softer tone Markets continue to stew on strong economic data Market digests weekend action on two failed banksstrong decline ▼-12 bps ▲ +18bps ▼-57 bps ▼-33 bps ▼-21 bps ▼/▲ Changes in 2-Year Treasury 3© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Bond Markets Saw Unprecedented Volatility in March The surprise failure of two large U.S. banks caused volatility in the markets. In a classic “flight to quality”, Treasury yields fell sharply, with the 2-year Treasury yield falling from 5.07% on March 8 to 4.03% on March 31. 2-Year Treasury Fixed Income Market Volatility Daily High and Low Yield ICE BofA MOVE Index 250 200 150 100 50 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% The “MOVE index,” which measures volatility in the bond market, eclipsed the level seen in the early days of the COVID pandemic Average daily yield changes of over 20 bps 0 2019Jan-23 Feb-23 Mar-23 Apr-23 2020 2021 2022 2023 Source: Bloomberg, ICE BofA Indices. As of 03/31/2023. 4© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Market Expectations Evolve Amid Changing Policy Environment Implied Federal Funds Rate 6% 5% 4% 3% 2% 1% 1-Year Range March 31, 2023 February 28, 2023 Median FOMC Projections 0% Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Source: Bloomberg, Federal Reserve latest economic projection as of 03/31/2023. 5© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update As Economic Uncertainty Increased, Longer-Term Interest Rates Fell U.S. Treasury Yield Curve 6.0% 5.0%4.86% 4.03% 4.69% 4.0% 3.0% 2.0% 1.0% 0.0% 3.79%3.57%3.47% 3.65% 1 Year Range March 31, 2023 December 31, 2022 3mo 2yr 5yr 7yr 10yr 30yr Maturity Source: Bloomberg, as of 03/31/2022. 6© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Sector Yield Spreads Federal Agency Yield Spreads Corporate Notes A-AAA Yield Spreads 0.8% 0.6% 0.4% 0.2% 0.0% -0.2% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% Bullet Callable Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Mortgage-Backed Securities Yield Spreads Asset-Backed Securities AAA Yield Spreads 1.6%2.0% 1.5% 1.0% 0.5% 0.0% Agency MBS AAA CMBS Index 1.2% 0.8% 0.4% 0.0%Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Source: ICE BofAML 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of 03/31/2023. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries. CMBS is Commercial Mortgage-Backed Securities. 7© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Corporate Yield Spreads Modestly Wider, Led By Financials Investment Grade Corporate Spreads Difference Between Financial and 1-5 Year U.S. Corporate Index Industrial Corporate Yield Spreads 1-5 Year U.S. Corporate IndexFinancialsIndustrials 400 350 300 250 200 150 100 50 200 180 160 140 120 100 80 Although financials led corporate spreads wider, they remain far below previous peaks 60 40 0 20 -50 -1000 Jan-23 Feb-23 Mar-23 Apr-23 2003 2007 2011 2015 2019 2023 Source: Bloomberg, ICE BofA Indices as of 03/31/2023. 8© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Fixed-Income Markets in Q1 2023 1-5 Year Indices Quarterly Returns 10-Year Average 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 2.5% 2.12% 2.0% 1.82% 1.73%1.68%1.68%1.65% 1.47%1.5% 1.0% 0.5% 0.0% 1.28% 0.87%0.83% Source: ICE BofAML Indices. ABS indices are 0-5 year, based on weighted average life. As of 03/31/2023. 9© PFM Asset Management LLC | pfmam.com Portfolio Review © PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Snapshot Portfolio Snapshot¹ Portfolio Statistics Sector Allocation Total Market Value Managed Account Sub-Total Accrued Interest $50,615,469.53 $50,363,475.91 $236,084.47 $15,909.15 U.S. Treasury | 56% Corporate | 22%Pool Federal Agency | 9% ABS | 5% Municipal | 3% Supranational | 3% Negotiable CD | 2% Agency CMBS | 1% JointPowers Authority | <1% Portfolio Effective Duration Benchmark Effective Duration Yield At Cost 2.49 years 2.50 years 2.86% Yield At Market 4.19% Portfolio Credit Quality AA Credit Quality - S&P Duration Distribution Portfolio 35% Benchmark 44% AAA | 9%50% 40% 30% 20% 10% 0% AAAm | <1% AA+ | 67% AA| 4% AA- | 4% A+ | 2% A| 3% A- | 7% BBB+ | 3% Not Rated | 2% 27% 20%21%19% 13%12% 4%4% 0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs 1. Total market value includes accrued interest and balances invested in CAMP, as of March 31, 2023. Yield and duration calculations exclude balances invested in CAMP. The portfolio’s benchmark is the ICE BofAML 1-5 Year U.S. Treasury Index. Source: Bloomberg. An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio. 10© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Account Summary Sector Allocation Analytics U.S. Treasury - $28,258,952 55.8% Federal Agency - $4,737,812 Agency CMBS - $244,241 Supranational - $1,331,104 Municipal - $1,452,290 Negotiable CD - $923,749 Corporate - $11,007,698 ABS - $2,643,715 9.4% 0.5% 2.6% 2.9% 1.8% 21.7% 5.2% Joint Powers Authority - $15,909 0.0% 0.0%20.0%40.0%60.0%80.0%100.0% Portf olio Allocation Sector Limit for Analysis* For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Compliance Certificate of Compliance During the reporting period for the quarter ended March 31, 2023, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM. Acknowledged : PFM Asset Management LLC Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM"). 12© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Portfolio Activity Net Activity by Sector ($ millions) Sector Net Activity $16,597,985 $2,857,928 $446,608 U.S. Treasury CorporateU.S. Treasury Corporate ABS Municipal $200,000 Federal Agency Negotiable CD Total Net Activity ($146,479) ($251,495) $19,704,546 ABS Municipal Federal Agency Negotiable CD ($5.0)$0.0 $5.0 $10.0 $15.0 $20.0 Sales/Maturities Purchases Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding. 13© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Characteristics Historical Sector Allocation 5%7% 22% 27% 2% 3% 3%4% 4% 1% 9% 4% 1% 16% 56% 37% Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 14© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Performance Portfolio Performance Portfolio Benchmark 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% -1.0% -1.5% 3 Months 1 Year 3 Years 5 Years 10 Years Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned² Change in Market Value Total Dollar Return Total Return³ $214,314 $512,195 $726,509 $533,424 ($414,670) $118,754 $1,551,623 ($2,147,816) ($596,193) $3,172,989 ($392,216) $2,780,773 $5,354,955 ($1,265,272) $4,089,683 Portfolio 1.79% 1.82% -0.03% -0.21% -0.38% 0.17% -0.83% -1.41% 0.58% 1.34% 1.10% 0.24% 1.11% 0.87% 0.24% Benchmark⁴ Difference 1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is September 30, 2010. 2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity. 3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis. 4. The portfolio’s benchmark is the ICE BofAML 1-5 Year U.S. Treasury Index. Source: Bloomberg. 15© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Performance Quarterly Sector Performance Total Return by Sector Contribution to Total Return Price Returns Income Returns U.S. Treasury | 1.22% Federal Agency | 0.16% Agency CMBS | 0.01% Supranational | 0.04% Municipal | 0.06% Negotiable CD | 0.05% Commercial Paper | <0.01% Corporate | 0.31% ABS | 0.07%0.34% 0.10% Cash | 0.11%1.91% 1.45% U.S. Treasury Federal Agency Agency CMBS Supranational Municipal 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 0.80% 0.58% 0.09%1.25% 0.31%1.87% 1.15% 1.01%Negotiable CD Commercial Paper Corporate 0.00% 0.00% 0.67% 0.93% 0.60% 0.71%ABS 3.96%Cash 0.00% -2.0%-0.4%1.2%2.8%4.4%6.0% ReturnReturn 1. Performance on trade-date basis, gross (i.e., before fees), in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS). 2. Income returns calculated as interest earned on investments during the period. 3. Price returns calculated as the change in market value of each security for the period. 4. Returns are presented on a periodic basis. 16© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Performance Accrual Basis Earnings Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned²$214,314 ($105,869) $120,176 $228,620 $533,424 ($421,689) $119,088 $230,823 $1,551,623 $87,991 $3,172,989 $176,302 $66,728 $5,354,955 $416,702Realized Gains / (Losses)³ Change in Amortized Cost Total Earnings ($15,055) $1,624,558 ($207,251) $5,564,406$3,416,019 1. The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2010. 2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity. 3. Realized gains / (losses) are shown on an amortized cost basis. 17© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Market Update Fixed-Income Sector Outlook – 2Q 2023 Sector Our Investment Preferences C O M M E R C I A L P AP E R / C D T R E A S U R I E S T-Bill T-Note F E D E R A L A G E N C I E S Bullets Callables S U P R A N A T I O N A L S C O R P O R A T E S Financials Industrials S E C U R I T I Z E D Asset-Backed Agency Mortgage-Backed Agency CMBS M U N I C I P A L S Slightly Negative Slightly PositiveCurrent outlook Outlook one quarter ago Negative Neutral Positive 18© PFM Asset Management LLC | pfmam.com Issuer Distribution © PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Summary Issuer Diversification Security Type / Issuer U.S. Treasury Market Value (%) S&P / Moody's / Fitch Security Type / Issuer Market Value (%) S&P / Moody's / Fitch 21.8%55.8%Corporate UNITED STATES TREASURY 55.8%AA / Aaa / AAA ABBOTT LABORATORIES AMAZON.COM INC 0.4% 0.9% 0.7% 0.8% 1.5% 0.9% 0.9% 0.4% 0.7% 0.4% 0.8% 0.1% 0.4% 0.2% 0.4% 0.8% 0.0% 0.4% 0.9% 1.5% 0.8% 1.5% 0.8% AA / A / NR AA / A / AA BBB / A / A A / A / A Federal Agency 9.4% AMERICAN EXPRESS CO AMERICAN HONDA FINANCE APPLE INC FANNIE MAE 3.1% 0.9% 5.4% 0.5% AA / Aaa / AAA AA / Aaa / NR AA / Aaa / AAA FEDERAL HOME LOAN BANKS FREDDIE MAC AA / Aaa / NR A / A / AA AA / Aa / A A / A / NR A / A / NR A / A / A BANK OF AMERICA CO BERKSHIRE HATHAWAY INC BMW FINANCIAL SERVICES NA LLC BRISTOL-MYERS SQUIBB CO CATERPILLAR INC Agency CMBS FREDDIE MAC 0.5%AA / Aaa / AAA Supranational 2.6% INTER-AMERICAN DEVELOPMENT BANK INTL BANK OF RECONSTRUCTION AND DEV Municipal 1.2% 1.4% 2.9% AAA / Aaa / AAA AAA / Aaa / AAA CHARLES SCHWAB A / A / A CINTAS CORPORATION NO. 2 CITIGROUP INC A / A / NR BBB / A / A A / A / A CALIFORNIA STATE UNIVERSITY 0.2% 0.2% AA / Aa / NR AA / Aa / NRCHAFFEY JOINT UNION HIGH SCHOOL DISTRICT DEERE & COMPANY GENERAL DYNAMICS CORP GOLDMAN SACHS GROUP INC HOME DEPOT INC A / A / NR BBB / A / A A / A / A FLORIDA STATE BOARD OF ADMIN FIN CORP 0.6% 0.3% AA / Aa / AA LOS ANGELES COMMUNITY COLLEGE DISTRICT AA / Aaa / NR NEW YORK ST URBAN DEVELOPMENT CORP SAN JUAN UNIFIED SCHOOL DISTRICT STATE OF CALIFORNIA 0.6% 0.2% 0.4% 0.1% 0.2% 0.2% 1.8% NR / NR / AA NR / Aa / NR AA / Aa / AA AA / Aa / AA AAA / Aaa / AAA AA / Aa / AA IBM CORP A / A / NR A / A / AA AAA / Aaa / NR A / A / A JP MORGAN CHASE & CO MICROSOFT CORP STATE OF CONNECTICUT MORGAN STANLEY STATE OF MINNESOTA NATIONAL AUSTRALIA BANK LTD AA / Aa / NR A / A / AUNIVERSITY OF CALIFORNIA Negotiable CD NATIONAL RURAL UTILITIES CO FINANCE CORP PACCAR FINANCIAL CORP PNC FINANCIAL SERVICES GROUP Roche Holding AG 0.3% 0.8% 0.8% A / A / NR A / A / ANORDEA BANK ABP 0.9% 0.9% AA / Aa / AA A / A / NRTORONTO-DOMINION BANK AA / Aa / AA Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds. 19© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Summary Issuer Diversification Security Type / Issuer Corporate Market Value (%) S&P / Moody's / Fitch 21.8% TARGET CORP 0.1% 1.2% A / A / A THE BANK OF NEW YORK MELLON CORPORATION A / A / AA THE WALT DISNEY CORPORATION TOYOTA MOTOR CORP UNITEDHEALTH GROUP INC USAA CAPITAL CORP ABS 0.8% 0.8% 0.4% 0.4% 5.2% BBB / A / A A / A / A A / A / A AA / Aa / NR CAPITAL ONE FINANCIAL CORP CARMAX AUTO OWNER TRUST DISCOVER FINANCIAL SERVICES FORD CREDIT AUTO OWNER TRUST 0.5% 0.6% 0.4% 0.3% 0.7% AAA / NR / AAA AAA / NR / AAA AAA / Aaa / NR AAA / NR / AAA AAA / Aaa / AAAGM FINANCIAL CONSUMER AUTOMOBILE TRUST GM FINANCIAL LEASINGTRUST HARLEY-DAVIDSON MOTORCYCLE TRUST HONDA AUTO RECEIVABLES HYUNDAI AUTO RECEIVABLES NISSAN AUTO RECEIVABLES TOYOTA MOTOR CORP 0.2% 0.3% AAA / Aaa / AAA NR / Aaa / AAA NR / Aaa / AAA AAA / NR / AAA AAA / Aaa / NR AAA / NR / AAA 0.2% 0.3% 0.8% 1.0% Total 100.0% Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds. 20© PFM Asset Management LLC | pfmam.com Portfolio Transactions © PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon BUY 1/4/2023 1/13/2023 1/13/2023 1/13/2023 1/13/2023 1/19/2023 1/24/2023 1/31/2023 2/8/2023 2/13/2023 2/17/2023 2/17/2023 3/2/2023 3/9/2023 3/9/2023 3/14/2023 1/6/2023 975,000.00 9,500,000.00 7,000,000.00 300,000.00 500,000.00 775,000.00 245,000.00 1,200,000.00 375,000.00 170,000.00 350,000.00 300,000.00 800,000.00 375,000.00 200,000.00 750,000.00 912828U24 912828U24 91282CDV0 025816CS6 63254ABE7 037833DB3 891940AC2 91282CEN7 89236TKQ7 41285JAD0 637432NP6 808513BW4 91282CFB2 110122DE5 13063D3N6 594918BY9 US TREASURY NOTES 2.00% 2.00% 0.87% 2.55% 3.90% 2.90% 4.63% 2.75% 4.62% 5.05% 3.40% 3.30% 2.75% 3.90% 4.84% 3.30% 11/15/2026 11/15/2026 1/31/2024 3/4/2027 909,893.87 8,955,644.43 6,761,419.84 280,050.50 490,440.21 749,241.15 244,999.88 1,164,082.10 377,631.46 169,982.88 329,684.83 288,802.50 748,597.55 359,198.13 200,000.00 724,761.25 3.96% 3.72% 4.68% 4.59% 4.50% 3.94% 4.63% 3.70% 4.55% 5.05% 4.76% 4.66% 4.44% 4.93% 4.85% 4.36% 1/17/2023 1/17/2023 1/18/2023 1/18/2023 1/23/2023 1/30/2023 2/3/2023 US TREASURY NOTES US TREASURY N/B NOTES AMERICAN EXPRESS CO CORP NOTES (CALLABLE NATIONAL AUSTRALIA BK/NY CORPORATE NOTES APPLE INC (CALLABLE) BONDS 6/9/2027 9/12/2027 9/15/2027 4/30/2027 1/12/2028 12/15/2027 2/7/2028 TAOT 2023-A A3 US TREASURY N/B NOTES 2/10/2023 2/23/2023 2/22/2023 2/22/2023 3/6/2023 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES HDMOT 2023-A A3 NATIONAL RURAL UTIL COOP CORP NOTES (CAL CHARLES SCHWAB CORP NOTES (CALLABLE) US TREASURY N/B NOTES 4/1/2027 7/31/2027 2/20/2028 3/1/2027 3/13/2023 3/15/2023 3/17/2023 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL CA ST MUNICIPAL BONDS MICROSOFT CORP CORP NOTES (CALLABLE)2/6/2027 21© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon BUY 3/28/2023 3/31/2023 130,000.00 344928AD8 FORDO 2023-A A3 4.65%2/15/2028 129,986.44 4.65% Total BUY INTEREST 1/1/2023 23,945,000.00 22,884,417.02 0.00 1/1/2023 310,000.00 60,000.00 250,000.00 400,000.00 225,000.00 195,000.00 40,000.00 105,956.15 140,000.00 295,000.00 210,000.00 325,000.00 245,000.00 70,079.91 341271AD6 20772KJW0 3137BGK24 38141EC23 14913R2U0 254683CP8 87612EBM7 14314QAC8 65480JAC4 65480BAC1 14318MAD1 89190GAC1 14041NGB1 44933LAC7 FL ST BOARD OF ADMIN TXBL REV BONDS CT ST TXBL GO BONDS 1.25% 1.99% 3.06% 3.85% 1.70% 0.58% 1.95% 0.52% 4.46% 0.33% 3.97% 0.26% 4.95% 0.38% 7/1/2025 1,949.90 599.40 637.92 7,700.00 1,912.50 94.25 1/1/2023 1/1/2023 7/1/2024 1/1/2023 1/25/2023 1/8/2023 FHMS K043 A2 12/1/2024 7/8/20241/8/2023 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS CATERPILLAR FINL SERVICE CORPORATE NOTES DCENT 2021-A1 A1 1/8/2023 1/8/2023 1/8/2027 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 1/15/2023 9/15/2026 1/15/2027 2/17/2026 5/17/2027 10/15/2025 4/15/2027 11/17/2025 10/15/2027 9/15/2025 TARGET CORP CORP NOTES (CALLABLE) CARMX 2021-2 A3 390.00 45.91 NAROT 2022-B A3 520.33 81.13NAROT 2021-A A3 CARMX 2022-3 A3 694.75 70.42TAOT 2021-B A3 COMET 2022-A3 A 1,010.63 22.19HART 2021-A A3 22© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 1/15/2023 1/16/2023 1/16/2023 1/20/2023 1/20/2023 1/21/2023 1/21/2023 1/23/2023 1/26/2023 1/27/2023 1/31/2023 1/31/2023 2/1/2023 1/15/2023 1/16/2023 1/16/2023 1/20/2023 1/20/2023 1/21/2023 1/21/2023 1/23/2023 1/26/2023 1/27/2023 1/31/2023 1/31/2023 2/1/2023 80,000.00 85,000.00 44935FAD6 362554AC1 36265QAD8 380144AD7 36261RAD0 3137EAEU9 43815GAC3 693475AV7 06406RBA4 459200KS9 91282CDV0 91282CCP4 157411TK5 60412AVJ9 54438CYK2 798306WP7 06051GFS3 HART 2021-C A3 0.74% 0.68% 4.82% 0.41% 0.33% 0.37% 0.88% 3.50% 2.05% 4.00% 0.87% 0.62% 2.10% 0.63% 0.77% 0.85% 3.87% 5/15/2026 9/16/2026 8/16/2027 5/20/2025 2/20/2025 7/21/2025 1/21/2026 1/23/2024 1/26/2027 7/27/2025 1/31/2024 7/31/2026 8/1/2024 49.33 GMCAR 2021-4 A3 48.17 1,104.58 11.96 275,000.00 35,000.00 GMCAR 2022-4 A3 GMALT 2021-2 A4 85,000.00 GMALT 2021-1 A4 23.38 425,000.00 100,000.00 400,000.00 475,000.00 225,000.00 7,000,000.00 3,800,000.00 100,000.00 100,000.00 140,000.00 130,000.00 225,000.00 FREDDIE MAC NOTES 796.88 HAROT 2021-4 A3 73.33 PNC BANK NA CORP NOTES (CALLABLE) BANK OF NY MELLON CORP (CALLABLE) CORPOR IBM CORP CORPORATE NOTES US TREASURY N/B NOTES US TREASURY N/B NOTES CHAFFEY UHSD, CA TXBL GO BONDS MN ST TXBL GO BONDS 7,000.00 4,868.75 4,500.00 30,625.00 11,875.00 1,050.50 315.002/1/2023 2/1/2023 8/1/2025 2/1/2023 2/1/2023 LOS ANGELES CCD, CA TXBL GO BONDS SAN JUAN USD, CA TXBL GO BONDS BANK OF AMERICA CORP NOTES 8/1/2025 541.10 2/1/2023 2/1/2023 8/1/2025 553.80 2/1/2023 2/1/2023 8/1/2025 4,359.38 23© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 2/1/2023 2/25/2023 2/6/2023 250,000.00 175,000.00 70,000.00 175,000.00 65,730.34 140,000.00 314,935.32 210,000.00 100,007.55 295,000.00 245,000.00 245,000.00 195,000.00 80,000.00 275,000.00 85,000.00 35,000.00 3137BGK24 69371RQ66 05565EBU8 05565EBW4 44933LAC7 65480JAC4 89190GAC1 14318MAD1 14314QAC8 65480BAC1 891940AC2 14041NGB1 254683CP8 44935FAD6 36265QAD8 362554AC1 380144AD7 FHMS K043 A2 3.06% 1.80% 0.75% 1.25% 0.38% 4.46% 0.26% 3.97% 0.52% 0.33% 4.63% 4.95% 0.58% 0.74% 4.82% 0.68% 0.41% 12/1/2024 2/6/2025 637.92 2/6/2023 PACCAR FINANCIAL CORP CORPORATE NOTES BMW US CAPITAL LLC CORPORATE NOTES BMW US CAPITAL LLC (CALLABLE) CORPORATE HART 2021-A A3 1,575.00 262.50 1,093.75 20.81 2/12/2023 2/12/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/16/2023 2/16/2023 2/20/2023 2/12/2023 2/12/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 2/16/2023 2/16/2023 2/20/2023 8/12/2024 8/12/2026 9/15/2025 5/17/2027 11/17/2025 4/15/2027 2/17/2026 10/15/2025 9/15/2027 10/15/2027 9/15/2026 5/15/2026 8/16/2027 9/16/2026 5/20/2025 NAROT 2022-B A3 520.33 68.24TAOT 2021-B A3 CARMX 2022-3 A3 694.75 43.34CARMX 2021-2 A3 NAROT 2021-A A3 81.13 TAOT 2023-A A3 472.65 1,010.63 94.25 COMET 2022-A3 A DCENT 2021-A1 A1 HART 2021-C A3 49.33 GMCAR 2022-4 A3 1,104.58 48.17GMCAR 2021-4 A3 GMALT 2021-2 A4 11.96 24© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 2/20/2023 2/21/2023 2/24/2023 2/25/2023 2/28/2023 3/1/2023 2/20/2023 2/21/2023 2/24/2023 2/25/2023 2/28/2023 3/25/2023 3/4/2023 85,000.00 100,000.00 175,000.00 350,000.00 400,000.00 250,000.00 80,000.00 36261RAD0 43815GAC3 46647PCV6 3135G05X7 254687FK7 3137BGK24 025816CQ0 025816CS6 3130AK5E2 3137EAEW5 24422EVU0 771196BT8 037833DB3 14318MAD1 14041NGB1 084664CZ2 44935FAD6 GMALT 2021-1 A4 0.33% 0.88% 2.59% 0.37% 1.75% 3.06% 2.25% 2.55% 0.37% 0.25% 0.62% 2.13% 2.90% 3.97% 4.95% 2.30% 0.74% 2/20/2025 1/21/2026 2/24/2026 8/25/2025 8/30/2024 12/1/2024 3/4/2025 23.38 HAROT 2021-4 A3 73.33 2,270.63 656.25 JPMORGAN CHASE & CO CORP NOTES (CALLABLE FANNIE MAE NOTES WALT DISNEY COMPANY/THE (CALLABLE) FHMS K043 A2 3,500.00 637.92 3/4/2023 AMERICAN EXPRESS CO CORP NOTES (CALLABLE AMERICAN EXPRESS CO CORP NOTES (CALLABLE FEDERAL HOME LOAN BANK NOTES FREDDIE MAC NOTES 900.00 3/4/2023 3/4/2023 300,000.00 150,000.00 750,000.00 100,000.00 410,000.00 775,000.00 210,000.00 245,000.00 475,000.00 80,000.00 3/4/2027 3,825.00 281.253/4/2023 3/4/2023 9/4/2025 3/8/2023 3/8/2023 9/8/2023 937.50 3/10/2023 3/10/2023 3/12/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/10/2023 3/10/2023 3/12/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 JOHN DEERE CAPITAL CORP CORPORATE NOTES ROCHE HOLDINGS INC (CALLABLE) CORPORATE APPLE INC (CALLABLE) BONDS CARMX 2022-3 A3 9/10/2024 3/10/2025 9/12/2027 4/15/2027 10/15/2027 3/15/2027 5/15/2026 312.50 4,370.60 11,237.50 694.75 COMET 2022-A3 A 1,010.63 5,462.50 49.33 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) HART 2021-C A3 25© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/16/2023 3/16/2023 3/18/2023 3/20/2023 3/20/2023 3/21/2023 3/23/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/15/2023 3/16/2023 3/16/2023 3/18/2023 3/20/2023 3/20/2023 3/21/2023 3/23/2023 289,336.83 325,000.00 225,000.00 140,000.00 245,000.00 296,281.73 170,000.00 94,444.15 61,330.92 195,000.00 275,000.00 85,000.00 105,000.00 85,000.00 35,000.00 100,000.00 635,000.00 65480BAC1 650036DT0 002824BM1 65480JAC4 891940AC2 89190GAC1 41285JAD0 14314QAC8 44933LAC7 254683CP8 36265QAD8 362554AC1 808513BN4 36261RAD0 380144AD7 43815GAC3 4581X0DZ8 NAROT 2021-A A3 0.33% 0.87% 3.87% 4.46% 4.63% 0.26% 5.05% 0.52% 0.38% 0.58% 4.82% 0.68% 0.75% 0.33% 0.41% 0.88% 0.50% 10/15/2025 3/15/2025 9/15/2025 5/17/2027 9/15/2027 11/17/2025 12/15/2027 2/17/2026 9/15/2025 9/15/2026 8/16/2027 9/16/2026 3/18/2024 2/20/2025 5/20/2025 1/21/2026 9/23/2024 79.57 NY ST URBAN DEV CORP TXBL REV BONDS ABBOTT LABORATORIES CORPORATE NOTES (CAL NAROT 2022-B A3 1,413.75 4,359.38 520.33 945.29 64.19 TAOT 2023-A A3 TAOT 2021-B A3 HDMOT 2023-A A3 524.64 40.93CARMX 2021-2 A3 HART 2021-A A3 19.42 DCENT 2021-A1 A1 94.25 GMCAR 2022-4 A3 1,104.58 48.17GMCAR 2021-4 A3 CHARLES SCHWAB CORP NOTES (CALLABLE) GMALT 2021-1 A4 393.75 23.38 GMALT 2021-2 A4 11.96 HAROT 2021-4 A3 73.33 INTER-AMERICAN DEVEL BK NOTES 1,587.50 26© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 3/23/2023 3/23/2023 700,000.00 3137EAEX3 FREDDIE MAC NOTES 0.37% 0.59% 9/23/2025 3/17/2023 1,312.50 Total INTEREST MATURITY 28,503,102.90 140,174.82 0.00 3/17/2023 3/17/2023 250,000.00 22552G3C2 CREDIT SUISSE NEW YORK CERT DEPOS 251,495.49 Total MATURITY PAYDOWNS 250,000.00 251,495.49 0.00 1/15/2023 1/15/2023 1/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 3/15/2023 3/15/2023 3/15/2023 1/15/2023 4,349.57 10,064.68 5,948.60 4,399.42 5,563.40 5,663.17 18,653.59 16,263.95 17,897.74 4,202.28 44933LAC7 89190GAC1 14314QAC8 44933LAC7 14314QAC8 65480BAC1 89190GAC1 65480BAC1 89190GAC1 44933LAC7 HART 2021-A A3 TAOT 2021-B A3 CARMX 2021-2 A3 HART 2021-A A3 CARMX 2021-2 A3 NAROT 2021-A A3 TAOT 2021-B A3 NAROT 2021-A A3 TAOT 2021-B A3 HART 2021-A A3 0.38% 0.26% 0.52% 0.38% 0.52% 0.33% 0.26% 0.33% 0.26% 0.38% 9/15/2025 11/17/2025 2/17/2026 9/15/2025 2/17/2026 10/15/2025 11/17/2025 10/15/2025 11/17/2025 9/15/2025 4,349.57 10,064.68 5,948.60 4,399.42 5,563.40 5,663.17 18,653.59 16,263.95 17,897.74 4,202.28 1/15/2023 1/15/2023 2/15/2023 2/15/2023 2/15/2023 2/15/2023 3/15/2023 3/15/2023 3/15/2023 27© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 3/15/2023 3/15/2023 5,355.29 14314QAC8 CARMX 2021-2 A3 0.52%2/17/2026 5,355.29 Total PAYDOWNS SELL 98,361.69 98,361.69 0.00 1/4/2023 1/4/2023 1/4/2023 1/19/2023 2/8/2023 2/8/2023 3/2/2023 3/8/2023 3/9/2023 3/14/2023 3/14/2023 3/28/2023 Total SELL 1/6/2023 500,000.00 325,000.00 75,000.00 912828XX3 912828XX3 912828XX3 037833DT4 89236TJK2 89236TKC8 3137EAEW5 91282CDV0 91282CDV0 912828U24 912828U24 91282CDV0 US TREASURY NOTES 2.00% 2.00% 2.00% 1.12% 1.12% 3.95% 0.25% 0.87% 0.87% 2.00% 2.00% 0.87% 6/30/2024 6/30/2024 6/30/2024 5/11/2025 6/18/2026 6/30/2025 9/8/2023 481,708.71 313,110.66 72,256.30 -26,812.33 -14,971.13 -3,133.80 -38,443.02 -15,253.63 -1,529.50 -3,711.14 -1,178.02 -2,072.43 580.75 1/6/2023 US TREASURY NOTES 1/6/2023 US TREASURY NOTES 1/23/2023 2/10/2023 2/10/2023 3/6/2023 550,000.00 145,000.00 100,000.00 150,000.00 200,000.00 400,000.00 350,000.00 50,000.00 APPLE INC (CALLABLE) CORP NOTES TOYOTA MOTOR CREDIT CORP CORPORATE NOTES TOYOTA MOTOR CREDIT CORP CORPORATE NOTES FREDDIE MAC NOTES 513,293.00 129,755.43 98,833.89 146,478.92 192,551.62 385,287.04 328,392.32 46,913.19 3/15/2023 3/13/2023 3/17/2023 3/17/2023 3/31/2023 US TREASURY N/B NOTES 1/31/2024 1/31/2024 11/15/2026 11/15/2026 1/31/2024 US TREASURY N/B NOTES US TREASURY NOTES US TREASURY NOTES 552.32 125,000.00 2,970,000.00 US TREASURY N/B NOTES 121,433.14 2,830,014.22 102.58 -105,869.35 28© PFM Asset Management LLC | pfmam.com Portfolio Holdings © PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Managed Account Detail of Securities Held Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate U.S. Treasury US TREASURY N/B NOTES DTD 01/31/2022 0.875% 01/31/2024 91282CDV0 912828YY0 912828ZW3 912828ZW3 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBC4 91282CBW0 91282CBW0 91282CCP4 91282CCP4 91282CCP4 6,275,000.00 500,000.00 450,000.00 250,000.00 350,000.00 825,000.00 450,000.00 650,000.00 400,000.00 150,000.00 950,000.00 75,000.00 AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 1/13/2023 1/17/2023 6,035,765.62 4.68 534,414.06 0.18 443,654.30 0.58 245,156.25 0.72 344,859.38 0.70 814,236.33 0.68 446,167.97 0.57 632,251.95 1.05 387,968.75 1.13 147,052.73 0.82 926,843.75 1.33 71,458.01 1.92 819,035.16 2.94 179,007.81 3.53 819,562.50 3.04 9,100.48 2,199.59 282.81 157.11 329.94 777.71 424.21 612.74 377.07 141.40 2,991.71 236.19 932.32 207.18 932.32 6,082,476.29 513,705.66 446,700.56 247,429.40 346,902.68 818,136.11 447,606.47 638,249.81 391,863.12 148,191.69 933,459.82 72,405.77 6,075,964.53 479,609.40 414,703.13 230,390.62 318,937.50 751,781.25 410,062.50 592,312.50 364,500.00 136,687.50 865,984.37 68,367.19 US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 8/5/2020 3/1/2021 4/1/2021 6/2/2021 9/1/2021 8/3/2021 8/7/2020 3/4/2021 4/5/2021 6/7/2021 9/7/2021 8/5/2021 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 11/2/2021 11/4/2021 12/2/2021 12/6/2021US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 7/1/2021 1/4/2022 7/7/2021 1/6/2022US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026 2/10/2022 2/14/2022 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 900,000.00 200,000.00 900,000.00 6/2/2022 9/1/2022 6/6/2022 9/6/2022 835,003.82 182,059.34 832,301.22 811,687.50 180,375.00 811,687.50 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY N/B NOTES 8/8/2022 8/15/2022 DTD 07/31/2021 0.625% 07/31/2026 29© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate U.S. Treasury US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 91282CCP4 91282CCP4 91282CCP4 912828U24 912828U24 912828U24 912828U24 91282CEN7 91282CFB2 750,000.00 250,000.00 AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 8/1/2022 5/3/2022 7/5/2022 8/4/2022 5/5/2022 7/8/2022 690,468.75 2.74 226,250.00 3.03 732,343.75 2.84 1,954,066.41 3.92 907,092.77 3.96 228,144.53 4.39 8,922,578.13 3.72 1,155,421.88 3.70 746,531.25 4.44 28,410,332.04 3.40 776.93 700,274.86 231,328.33 676,406.25 225,468.75US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 258.98 828.73US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 800,000.00 744,516.40 721,500.00 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 2,100,000.00 975,000.00 12/5/2022 12/7/2022 1/4/2023 1/6/2023 15,895.03 7,379.83 1,892.27 71,906.07 13,856.35 3,646.41 136,143.38 1,965,728.93 911,189.37 1,974,656.25 916,804.69US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 250,000.00 11/1/2022 11/4/2022 1/13/2023 1/17/2023 1/31/2023 2/3/2023 230,341.95 235,078.12 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 9,500,000.00 1,200,000.00 800,000.00 8,953,142.66 1,157,064.38 747,395.79 8,932,968.75 1,156,500.00 770,375.04 US TREASURY N/B NOTES DTD 04/30/2022 2.750% 04/30/2027 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 3/2/2023 3/6/2023 29,950,000.00 28,577,474.43 28,122,808.34Security Type Sub-Total Supranational INTL BK OF RECON AND DEV NOTE DTD 04/20/2021 0.125% 04/20/2023 459058JV6 459058JM6 4581X0DZ8 245,000.00 500,000.00 635,000.00 1,380,000.00 AAA AAA AAA Aaa 4/13/2021 4/20/2021 244,492.85 0.23 498,925.00 0.32 634,530.10 0.52 1,377,947.95 0.40 136.96 440.97 70.56 244,986.80 499,767.33 634,768.05 1,379,522.18 244,412.25 485,567.00 600,476.32 1,330,455.57 INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023 Aaa 11/17/2020 11/24/2020 Aaa 9/15/2021 9/23/2021INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 Security Type Sub-Total 648.49 30© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Negotiable CD TORONTO DOMINION BANK NY CERT 89115B6K1 DEPOS DTD 10/31/2022 5.600% 10/27/2025 450,000.00 450,000.00 900,000.00 A A1 10/27/2022 10/31/2022 11/2/2022 11/3/2022 450,000.00 5.58 450,000.00 5.53 900,000.00 5.56 10,640.00 10,230.50 20,870.50 450,000.00 450,000.00 900,000.00 449,739.00 453,139.65 902,878.65 NORDEA BANK ABP NEW YORK CERT 65558UYF3 DEPOS DTD 11/03/2022 5.530% 11/03/2025 AA-Aa3 Security Type Sub-Total Municipal CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 20772KJW0 60,000.00 100,000.00 325,000.00 AA- AA- NR Aa3 Aa1 NR 5/29/2020 6/11/2020 11/6/2019 12/5/2019 12/16/2020 12/23/2020 60,000.00 2.00 100,000.00 2.10 325,000.00 0.87 299.70 350.17 125.67 60,000.00 100,000.00 325,000.00 58,020.60 96,740.00 302,646.50 CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 DTD 12/05/2019 2.101% 08/01/2024 NY ST URBAN DEV CORP TXBL REV BONDS 650036DT0 DTD 12/23/2020 0.870% 03/15/2025 UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025 91412HGE7 341271AD6 85,000.00 85,000.00 AA AA Aa2 Aa3 7/10/2020 7/16/2020 9/3/2020 9/16/2020 85,000.00 0.88 85,563.55 1.12 283.54 267.32 85,000.00 85,264.86 79,092.50 79,186.00FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 341271AD6 341271AD6 54438CYK2 160,000.00 65,000.00 140,000.00 AA AA Aa3 Aa3 9/3/2020 9/16/2020 9/3/2020 9/16/2020 160,000.00 1.26 65,459.55 1.11 140,000.00 0.77 503.20 204.42 180.37 160,000.00 65,215.98 140,000.00 149,056.00 60,554.00 128,746.80 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025 AA+Aaa 10/30/2020 11/10/2020 Aa2 10/16/2020 10/29/2020SAN JUAN USD, CA TXBL GO BONDS 798306WP7 DTD 10/29/2020 0.852% 08/01/2025 130,000.00 100,000.00 NR 130,000.00 0.85 100,000.00 0.63 184.60 105.00 130,000.00 100,000.00 119,988.70 91,890.00MN ST TXBL GO BONDS 60412AVJ9 AAA Aaa 8/11/2020 8/25/2020 DTD 08/25/2020 0.630% 08/01/2025 31© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Municipal CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025 13077DQD7 13063D3N6 85,000.00 200,000.00 AA- AA- Aa2 Aa2 7/9/2021 7/29/2021 3/9/2023 3/15/2023 85,000.00 0.86 200,000.00 4.85 1,536,023.10 1.60 305.29 85,000.00 200,000.00 77,776.70 205,352.00CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027 430.76 1,535,000.00 3,240.04 1,535,480.84 1,449,049.80Security Type Sub-Total Joint Powers Authority CAMP Pool 15,909.15 AAAm NR 15,909.15 0.00 15,909.15 15,909.15 15,909.15 15,909.15 0.00 15,909.15 15,909.15Security Type Sub-Total Federal Agency FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 3137EAEW5 3137EAEW5 3137EAEY1 3137EAEZ8 3135G06H1 3137EAFA2 3130AJHU6 3135G03U5 3137EAEU9 3135G05X7 225,000.00 525,000.00 325,000.00 350,000.00 325,000.00 300,000.00 350,000.00 350,000.00 425,000.00 350,000.00 AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa 9/2/2020 9/2/2020 9/4/2020 9/4/2020 225,041.09 0.24 524,826.75 0.26 323,787.75 0.25 349,685.00 0.28 324,629.50 0.29 299,703.00 0.28 348,264.00 0.60 349,279.00 0.67 422,883.50 0.48 348,362.00 0.47 35.94 83.85 225,005.98 524,974.78 324,780.80 349,937.06 324,918.94 299,933.01 349,291.89 349,702.75 424,022.98 349,212.43 220,536.23 514,584.52 316,844.13 340,590.60 315,434.60 290,929.50 325,178.70 325,835.30 390,681.25 320,782.70 FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023 FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 Aaa 10/14/2020 10/16/2020 Aaa 11/3/2020 11/5/2020 186.20 352.43 279.86 243.75 811.81 966.15 309.90 131.25 FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023 FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023 Aaa 11/23/2020 11/25/2020 FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 Aaa Aaa Aaa Aaa Aaa 12/2/2020 12/4/2020 4/15/2020 4/16/2020 4/22/2020 4/24/2020 7/21/2020 7/23/2020 8/25/2020 8/27/2020 FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025 FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025 32© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Federal Agency FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025 3130AK5E2 3137EAEX3 3135G06G3 150,000.00 700,000.00 650,000.00 5,025,000.00 AA+ AA+ AA+ Aaa Aaa Aaa 9/10/2020 9/11/2020 9/23/2020 9/25/2020 11/9/2020 11/12/2020 149,550.00 0.44 697,893.00 0.44 647,673.00 0.57 5,011,577.59 0.42 42.19 149,780.57 698,953.43 648,784.75 5,019,299.37 137,386.50 640,225.60 594,000.55 4,733,010.18 FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025 58.33 1,300.00 4,801.66 FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024 693475AV7 808513BN4 06406RAS6 400,000.00 105,000.00 210,000.00 A- A- A A3 A2 A1 2/12/2019 2/15/2019 3/16/2021 3/18/2021 4/19/2021 4/26/2021 402,848.00 3.34 104,947.50 0.77 209,775.30 0.54 2,644.44 28.44 400,427.52 104,983.14 209,919.84 392,482.80 99,888.71 199,771.32 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 03/18/2021 0.750% 03/18/2024 BANK OF NY MELLON CORP NOTES (CALLABLE) 452.08 DTD 04/26/2021 0.500% 04/26/2024 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 61746BDQ6 02665WCZ2 400,000.00 400,000.00 A- A- A1 A3 7/19/2019 7/23/2019 7/11/2019 7/15/2019 422,916.00 2.59 398,016.00 2.51 6,544.44 2,506.67 405,183.07 399,503.18 395,051.60 388,121.20AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS DTD 07/08/2014 3.850% 07/08/2024 38141EC23 05565EBU8 254687FK7 24422EVU0 400,000.00 70,000.00 400,000.00 100,000.00 BBB+ A A2 A2 A2 A2 7/8/2019 7/11/2019 8/9/2021 8/12/2021 418,632.00 2.84 69,993.70 0.75 398,368.00 1.84 99,935.00 0.65 3,550.56 71.46 404,010.23 69,997.13 399,536.40 99,968.69 393,069.60 66,240.58 384,575.60 94,694.50 BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 BBB+ A 9/3/2019 9/6/2019 602.78 36.46JOHN DEERE CAPITAL CORP CORPORATE NOTES 9/7/2021 9/10/2021 DTD 09/10/2021 0.625% 09/10/2024 33© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 69371RQ66 025816CQ0 771196BT8 437076CM2 175,000.00 80,000.00 410,000.00 25,000.00 A+ BBB+ AA A1 A2 10/22/2020 10/29/2020 182,894.25 0.73 79,919.20 2.29 410,000.00 2.13 24,956.25 2.76 481.25 178,423.71 79,948.17 410,000.00 24,970.74 166,429.73 75,933.12 391,755.41 24,187.50 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.250% 03/04/2025 3/1/2022 3/4/2022 135.00 509.90 311.25 ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 Aa2 A2 3/3/2022 3/10/2022 3/24/2022 3/28/2022HOME DEPOT INC (CALLABLE) CORPORATE NOTE A DTD 03/28/2022 2.700% 04/15/2025 CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 172967JP7 90327QD89 225,000.00 225,000.00 BBB+ AA A3 8/28/2020 9/1/2020 5/23/2022 5/26/2022 249,738.75 0.88 224,264.25 3.49 3,176.25 3,164.06 236,022.50 224,477.21 217,125.90 217,997.10USAA CAPITAL CORP CORPORATE NOTES Aa1 DTD 05/26/2022 3.375% 05/01/2025 CINTAS CORPORATION NO. 2 CORP NOTE (CALL DTD 05/03/2022 3.450% 05/01/2025 17252MAP5 369550BG2 65,000.00 225,000.00 315,000.00 475,000.00 250,000.00 50,000.00 A- A- A3 A3 4/26/2022 5/3/2022 10/16/2020 10/20/2020 5/24/2021 6/1/2021 64,985.70 3.46 252,247.50 0.80 315,000.00 0.82 474,767.25 0.81 250,000.00 3.50 49,986.50 3.46 934.38 2,975.00 865.20 64,990.05 237,106.23 315,000.00 474,898.68 250,000.00 49,990.44 63,522.68 220,095.45 298,597.95 440,467.03 242,419.00 48,522.25 GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 JPMORGAN CHASE & CO (CALLABLE) 46647PCH7 CORP NOTE DTD 06/01/2021 0.824% 06/01/2025 A-A1 AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 023135BQ8 63254ABD9 63743HFE7 AA AA- A- A1 6/3/2020 6/5/2020 1,245.56 2,722.22 507.92 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES DTD 06/09/2022 3.500% 06/09/2025 Aa3 A2 5/31/2022 6/9/2022 4/27/2022 5/4/2022NATIONAL RURAL UTIL COOP CORPORATE NOTES DTD 05/04/2022 3.450% 06/15/2025 34© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 459200KS9 06051GFS3 002824BM1 225,000.00 225,000.00 225,000.00 A- A- A3 A2 A1 7/20/2022 7/27/2022 8/18/2020 8/20/2020 9/24/2020 9/28/2020 225,000.00 4.00 256,918.50 0.93 257,845.50 0.86 1,600.00 1,453.13 387.50 225,000.00 240,067.23 240,382.61 222,448.73 220,001.40 222,825.15 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 ABBOTT LABORATORIES AA- CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 BANK OF AMERICA CORP NOTES (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 06051GKE8 46647PCV6 91324PEC2 05565EBW4 14913R2U0 87612EBM7 06406RBA4 594918BY9 025816CS6 225,000.00 175,000.00 225,000.00 175,000.00 225,000.00 40,000.00 A- A- A2 A1 A3 A2 A2 A2 A1 Aaa A2 12/1/2021 12/6/2021 2/16/2022 2/24/2022 5/17/2021 5/19/2021 8/12/2021 8/16/2021 1/11/2022 1/13/2022 1/19/2022 1/24/2022 1/26/2022 1/28/2022 3/14/2023 3/17/2023 1/13/2023 1/18/2023 225,000.00 1.53 175,000.00 2.60 224,608.50 1.19 174,947.50 1.26 223,863.75 1.81 39,932.00 1.99 473,945.50 2.10 721,942.50 4.36 277,203.00 4.59 1,099.69 466.74 977.50 297.74 881.88 164.67 1,758.16 3,781.25 573.75 225,000.00 175,000.00 224,755.04 174,964.59 224,140.17 39,948.17 210,806.55 166,674.73 204,341.18 156,920.58 205,272.23 36,981.84 JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR DTD 05/19/2021 1.150% 05/15/2026 A+ ABMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 01/10/2022 1.700% 01/08/2027 A TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 A BANK OF NY MELLON CORP (CALLABLE) CORPOR DTD 01/26/2022 2.050% 01/26/2027 475,000.00 750,000.00 300,000.00 A 474,192.94 722,238.47 278,308.03 426,122.98 735,940.50 277,332.30 MICROSOFT CORP CORP NOTES (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 AAA BBB+AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.550% 03/04/2027 35© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 475,000.00 300,000.00 500,000.00 AA A- Aa2 A2 3/15/2022 3/17/2022 2/17/2023 2/22/2023 1/13/2023 1/18/2023 466,089.00 2.70 284,925.00 4.66 488,325.00 4.50 485.56 467,945.46 285,307.15 488,856.67 448,794.25 276,603.90 489,807.00 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 808513BW4 63254ABE7 4,950.00 6,074.44NATIONAL AUSTRALIA BK/NY CORPORATE NOTES AA-Aa3 DTD 06/09/2022 3.905% 06/09/2027 APPLE INC (CALLABLE) BONDS DTD 09/12/2017 2.900% 09/12/2027 037833DB3 89236TKQ7 775,000.00 375,000.00 AA+ A+ Aaa A1 1/19/2023 1/23/2023 2/8/2023 2/10/2023 741,062.75 3.94 376,282.50 4.55 1,186.18 3,805.99 742,425.85 376,246.82 739,968.45 379,041.00TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 637432NP6 110122DE5 350,000.00 375,000.00 A-A1 A2 2/17/2023 2/22/2023 3/9/2023 3/13/2023 329,189.00 4.76 358,263.75 4.93 1,785.00 1,665.63 66,860.13 329,625.67 358,439.92 332,439.10 367,566.75BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL DTD 07/15/2020 3.900% 02/20/2028 A+ Security Type Sub-Total Agency CMBS 11,420,000.00 11,424,534.90 2.80 11,332,201.72 10,940,837.65 FHMS K043 A2 3137BGK24 250,000.00 AA+Aaa 3/19/2020 3/25/2020 262,382.81 1.95 637.92 254,412.10 243,603.55 DTD 03/01/2015 3.062% 12/01/2024 Security Type Sub-Total 250,000.00 262,382.81 1.95 637.92 254,412.10 243,603.55 36© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate ABS GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025 36261RAD0 380144AD7 44933LAC7 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 85,000.00 35,000.00 57,128.64 273,072.88 278,383.99 100,000.00 89,088.86 80,000.00 195,000.00 85,000.00 210,000.00 140,000.00 275,000.00 245,000.00 245,000.00 170,000.00 NR Aaa NR NR Aaa NR 2/17/2021 2/24/2021 5/18/2021 5/26/2021 4/20/2021 4/28/2021 6/15/2021 6/23/2021 6/8/2021 6/14/2021 84,987.17 0.33 34,997.05 0.41 57,122.63 0.38 273,068.26 0.33 278,354.01 0.26 99,978.92 0.89 89,069.66 0.52 79,982.14 0.75 194,958.25 0.58 84,997.83 0.68 209,995.04 3.97 139,971.03 4.46 274,954.93 4.82 244,999.88 4.63 244,961.56 4.95 169,982.88 5.05 8.57 84,993.92 34,998.42 57,125.27 273,070.16 278,366.17 99,985.76 89,077.39 79,987.59 194,970.93 84,998.47 209,995.77 139,974.20 274,959.29 244,999.88 244,964.73 169,983.24 84,252.35 34,177.29 55,424.05 262,799.39 268,579.06 95,414.99 86,011.81 76,374.26 183,240.37 80,596.32 205,584.83 138,969.18 275,665.50 244,676.21 247,525.53 171,302.59 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 AAA AAA AAA AAA NR 4.38 9.65HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 40.05 32.17 24.44 20.59 26.31 50.27 24.08 370.53 277.51 552.29 504.16 539.00 381.56 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 Aaa 11/16/2021 11/24/2021 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 AAA AAA AAA AAA AAA AAA AAA AAA AAA NR NR NR 4/13/2021 4/21/2021 11/9/2021 11/17/2021 9/20/2021 9/27/2021 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 Aaa GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 Aaa 10/13/2021 10/21/2021 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 NR Aaa NR NR NR Aaa 7/12/2022 7/20/2022 9/20/2022 9/28/2022 10/4/2022 10/12/2022 1/24/2023 1/30/2023 10/27/2022 11/3/2022 2/13/2023 2/23/2023 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 37© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate ABS FORDO 2023-A A3 344928AD8 130,000.00 AAA NR 3/28/2023 3/31/2023 129,986.44 4.65 16.79 129,986.45 130,238.44 DTD 03/31/2023 4.650% 02/15/2028 Security Type Sub-Total 2,692,674.37 2,692,367.68 2.71 2,882.35 2,692,437.64 2,640,832.17 Managed Account Sub Total Securities Sub Total Accrued Interest 53,152,674.37 $53,168,583.52 51,615,166.07 2.86 236,084.47 51,690,828.28 $51,706,737.43 50,363,475.91 $50,379,385.06 $236,084.47 $51,631,075.22 2.86%$236,084.47 Total Investments $50,615,469.53 38© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Appendix Important Disclosures This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances. Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request. PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO. It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets. Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be lower than the performance shown. The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion as of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and data presented are not necessarily indicative of future events or expected performance. For more information regarding PFMAM's services or entities, please visit www.pfmam.com. © 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 39© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Appendix Important Disclosures This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and other information about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC. Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimated market value. In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded. Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns. Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets. Money market fund/cash balances are included in performance and duration computations. Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings. Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity. MBS maturities are represented by expected average life. 40© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Appendix Glossary Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made. Agencies: Federal agency securities and/or Government-sponsored enterprises. Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis. Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables. Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer. Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory. Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector added or subtracted from the overall portfolio performance. Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years. Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding on investment returns, while nominal yield does not. FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount. Interest Rate: Interest per year divided by principal amount and expressed as a percentage. Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date. Maturity: The date upon which the principal or stated value of an investment becomes due and payable. Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets. Par Value: The nominal dollar face amount of a security. Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security. 41© PFM Asset Management LLC | pfmam.com For the Quarter Ended March 31, 2023 CITY OF LAKE ELSINORE Appendix Glossary Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day. Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose decisions are binding on its members. Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place. Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place. U.S. Treasury: The department of the U.S. government that issues Treasury securities. Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time period from purchase date to maturity, stated as a percentage on an annualized basis. YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 42© PFM Asset Management LLC | pfmam.com