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Item No. 28 - SA Investment Report for September 2023
28)SA Investment Report for September 2023 Receive and file the Investment Report for September 2023. Page 1 of 1 REPORT TO CITY COUNCIL To:Honorable Chair and Members of the Successor Agency From:Jason Simpson, Executive Director Prepared by:Shannon Buckley, Assistant Executive Director Date:January 9, 2024 Subject:SA Investment Report for September 2023 Recommendation Receive and file the Investment Report for September 2023. Discussion The Investment Report lists all funds invested in 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. Additionally, the Investment Performance Review for the quarter ended September 30, 2023, is included. Fiscal Impact No fiscal impact. Attachments Attachment 1- Investment Report for September 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 SEPTEMBER 30, 2023 BANK DEPOSITS IN TRANSIT OUTSTANDING PAYMENTS BOOK CASH ACCOUNTS Bank Accounts: BALANCE BALANCE General Checking Account $948,556 $43,155 $(72,904)$918,807 Cash On Hand: Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund - - - - - - 300 2,000 Total Cash Accounts 948,556 43,155 (72,904)921,107 INVESTMENTS Local Agency Investment Funds 49,450,572 --49,450,572 CAMP Investments: CAMP Pool Account 50,944 21,635,437 1,133,455 1,536,023 5,284,899 4,261,710 11,849,400 900,000 - - - - - - - - - - - - - - - - - - 50,944 21,635,437 1,133,455 1,536,023 5,284,899 4,261,710 11,849,400 900,000 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 5,290,805 5,290,805 Sub-total Investments 101,393,244 --101,393,244 Market Value Adjustment: Unrealized Gain/(Loss) at 06/30/2023 (2,817,910)--(2,817,910) Total Investments 98,575,334 99,523,890 --98,575,334 99,496,441Total Pooled Cash and Investments $$43,155 $(72,904)$ $TOTAL POOLED CASH AND INVESTMENTS 99,496,441 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 December 27, 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 SEPTEMBER 30, 2023 FUND NO FUND NAME AMOUNT 100 102 104 105 106 107 108 109 110 112 114 115 116 117 118 119 121 135 140 160 180 202 203 205 211 221 231 232 300 305 310 315 320 331 335 337 339 340 345 346 General $11,980,754 16,077,141 7,500 Measure Z Traffic Offender Misc. General Project 58,096 Affordable Housing In Lieu Developer Agreement Revenue American Rescue Plan Road Maintenance and Rehabilitation (SB1) State Gas Tax 649,074 79,145 7,096,598 392,774 424,126 1,227,200 58,189 Measure A SB1186 CASP Education Program Traffic Safety 13,373 City Hall-Public Works DIF Community Center DIF Lake Side Facility DIF 43,800 189,200 311,120 18,044Animal Shelter DIF T.R.I.P.-2014A 503 Lighting & Landscape Maintenance - Dist. No. 1 Geothermal 1,063,218 11,714 PEG Grant 84,155 Launch Pointe 856,223 23,892La Strada RBBD E.L.S.P. - S.T.I.F.3,369,129 206,904 3,073,070 128,545 1,332,634 622,038 760,139 2,547,661 20,041 Traffic Impact Fee Storm Drain C.I.P. Quimby Park C.I.P. Library C.I.P. City Fire Protection Insurance Service Information Systems Service Support Service Fleet Service 331,568 2,314,615 3,428 Facilities Service CFD 2006-1CC Summerly Improvement Area CC CFD 2003-2E Canyon Hills Improvement Area E CFD 2016-2 Canyon Hills 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 5,473 4,326 5,555 2,387 17,850 68,094 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 SEPTEMBER 30, 2023 FUND NO FUND NAME AMOUNT 3,273347 354 361 362 363 364 366 368 369 370 374 375 378 387 388 500 510 603 604 605 606 608 617 620 631 650 655 CFD 2006-1 Improvement Area A, Summerly CFD 90-2 Tuscany Hills 3,368 11,191 22,339 17,093 29,898 8,095 CFD 2022-2 Lakeshore Improvement CFD 2006-8S Running Deer Estates Services CFD 2022-3 Lakeside CFD 2023-2 Coastal Mission Trail Improvement CFD 2005-6 City Center Townhomes CFD 2006-2 Viscaya 18,604 20,899 7,779 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area CFD 2006-1 IA-HH Summerly Improvement CFD 2005-4 Lakeview Villas 45 CFD 2006-4 Clurman 2,136 CFD 2006-8 Running Deer Estates CFD 2007-5 Red Kite 1,416 1,030 CFD 2007-6 Holiday Inn Express Capital Improvement Plan 361 5,577,244 3,694,895 59,566 33,662 1,714,488 301,550 1,551,919 25,931,764 4,462,191 499,135 29,641 13,567 Successor To RDA Area I, II, & III Endowment Trust - Carl Graves Endowment Trust - Korn Memorial Public Improvement Trust Mobile Source Air Polution Reduction Trust Deposit & Pre Paid Expense Successor Agency Housing Cost Recovery System Lake Destratification Equipment Replacement CFD 2003-1 Law & Fire Service CFD 2015-1s Law, Fire, Paramedic Services Total Pooled Cash & Investments $99,496,441 C I T Y O F L A K E E L S I N O R E SUMMARY OF POLICY LIMITATIONS FOR THE MONTH ENDING SEPTEMBER 30, 2023 MAXIMUM PERCENTAGE DIVERSIFICATION PERCENTAGE CURRENT BALANCETYPES OF SECURITIES CAMP - Pooled Sweep Account U.S. Treasury Bond / Note Unlimited Unlimited 30% 0.05%$ $ $ $ $ $ $ $ $ $ 50,944 21.34% 1.12% 21,635,437 1,133,455 1,536,023 5,284,899 4,261,710 11,849,400 900,000 Supra-National Agency Bond / Note Municipal Bond / Note Unlimited 40% 1.51% Federal Agency Collaterized Mortgage Obligation Federal Agency Bond / Note 5.21% (1)Unlimited 30% 4.20% Corporate Note 11.69% 0.89%Negotiable Certificates of Deposit Asset-Backed Security / Collaterized Mortgage LAIF (Local Agency Investment Funds) 30% 20%5.22%5,290,805 49,450,572(2)$150 Million 48.77% TOTAL 100.00%$101,393,244 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 SEPTEMBER 30, 2023 Yield Purchase Date Daily Maturity Rate 24-Hour3.534% Investment Beginning Balance Net Increase/(Decrease)Ending Balance 49,450,572 Total Investments Held with Local Agency Investment Fund:$54,450,572 $(5,000,000)$ Note: Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained. PMIA/LAIF Performance Report as of 12/20/23 Quarterly Performance Quarter Ended 09/30/23 PMIA Average Monthly Effective Yields(1) (2)LAIF Apportionment Rate :3.59 November October September August July 3.843 3.670 3.534 3.434 3.305** 3.167 (2)LAIF Earnings Ratio :0.00009812538629360 (1)*0.29 0.986307739 3.48 3.42 256 LAIF Administrative Cost :(1)LAIF Fair Value Factor :(1)PMIA Daily :(1)PMIA Quarter to Date :June (1)PMIA Average Life : Pooled Money Investment Account Monthly Portfolio Composition (1) 11/30/23 $159.4 billion Corporate Bonds 0.34% Commercial PaperTime Deposits 3.28% 5.47%Loans 0.20% Certificates of Deposit/Bank Notes 8.09% Treasuries 60.58% Agencies 22.04% Chart does not include $2,218,000.00 in mortgages, which equates to 0.001%. 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). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year. ** Revised 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 September 30, 2023 CAMP Pool Asset Summary Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 50,055.18 2,105,312.85 (2,104,424.08) 0.00 September 30, 2023 August 31, 2023 CAMP Pool 50,943.95 50,055.18 CAMP Managed Account 50,158,301.78 50,366,635.71 0.00 Total $50,209,245.73 $50,416,690.89Closing Market Value Cash Dividends and Income CAMP Managed Account $50,943.95 Asset Allocation512.46 CAMP Pool 0.10%Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 50,366,635.71 2,097,058.50 (2,036,566.86) 0.00 (268,825.57) Closing Market Value $50,158,301.78 Cash Dividends and Income 6,891.81 CAMP Managed Account 99.90% Page 1 Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Transaction Summary - Money Market Opening Market Value Transaction Summary - Managed Account Account Total Opening Market Value$50,055.18 Opening Market Value $50,366,635.71 $50,416,690.89 Purchases Redemptions 2,105,312.85 (2,104,424.08) Maturities/Calls (320,770.96) (1,715,795.90) 2,097,058.50 0.00 Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value (268,825.57)__________________________________________________________________________________________________________________________________________________ Closing Market Value $50,943.95 Closing Market Value $50,158,301.78 Closing Market Value $50,209,245.73 Dividend 512.46 Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Dividends/Coupons Received Less Purchased Interest Related to Interest/Coupons Plus Net Realized Gains/Losses 68,233.53 (3,143.33) (58,198.39) Closing Cash Balance $0.00 Total Cash Basis Earnings $6,891.81 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 52,095,010.99 274,504.36 1,717,556.60 321,083.46 66,160.33 (2,100,201.83) (52,088,404.01) (239,216.32) 0.00 52,145,954.94 274,504.36 3,821,980.68 321,083.46 66,160.33 Maturities/Calls Sale Proceeds Coupon/Interest/Dividend Income Principal Payments Security Purchases 250,312.50 1,717,556.60 66,160.33 70,770.96 (2,100,201.83) (4,598.56) 0.00 (4,205,514.68) Net Cash Contribution (52,138,459.19) Reconciling Transactions (239,216.32) 512.46 Total Accrual Basis Earnings $46,493.58 $47,006.04 Page 2 Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Account Summary Sector Allocation Description Par Value Market Value Percent ABS 10.36% Cert of Deposit 1.79% Corporate Note 22.35% 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 23,000,000.00 1,135,000.00 1,535,000.00 5,394,574.59 21,101,316.27 1,100,616.33 1,443,996.55 5,170,202.36 42.02 2.19 2.88 US TSY Bond / Note 42.02% 10.30 4,275,000.00 11,840,000.00 900,000.00 5,291,520.16 53,371,094.75 4,020,711.38 11,223,246.14 896,305.46 5,201,907.29 50,158,301.78 99.90% 274,504.36 50,432,806.14 50,943.95 50,483,750.09 100.00% 8.01 22.35 1.79 Fed Agy Bond / Note 8.01% Federal Agency Commercial Mortgage-Backed Security 10.36 Supra-National Agency Bond / Note 2.19% Muni Bond / Note 2.88%Total Portfolio CAMP Pool Total Investments 53,371,094.75 50,943.95 53,422,038.70 0.10 Joint Powers Authority 0.10% 10.30% Unsettled Trades 0.00 0.00 Maturity Distribution Characteristics 42.47%Yield to Maturity at Cost 3.18% 5.07% 1050 Yield to Maturity at Market Weighted Average Days to Maturity 17.37%15.58%13.96% 5.45%5.17% 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 September 30, 2023 Issuer Summary Credit Quality (S&P Ratings) Market Value of Holdings 218,228.40 439,967.80 943,235.36 389,955.60 714,374.08 598,335.43 433,812.75 222,762.75 352,721.63 77,511.50 Issuer ABBOTT LABORATORIES AMAZON.COM INC Percent 0.43 0.88 1.88 0.78 1.42 1.19 0.86 0.44 0.70 0.15 0.10 1.43 0.52 0.40 0.19 0.75 0.80 0.13 0.43 0.74 1.68 4.15 0.92 0.69 0.57 0.25 13.23 0.43 0.68 0.02 0.78 0.33 A NR 1.96% BBB+ 1.91% AAAm 0.10% AAA 13.03% AA- 3.60% 3.85% A+ 2.33% A- 7.52% AA 3.68% 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 CHASE ISSURANCE CINTAS CORPORATION NO. 2 CITIGROUP INC DEERE & COMPANY DISCOVER FINANCIAL SERVICES FANNIE MAE FEDERAL HOME LOAN BANKS FIFTH THIRD AUTO TRUST FLORIDA STATE BOARD OF ADMIN FIN CORP FORD CREDIT AUTO OWNER TRUST FREDDIE MAC GENERAL DYNAMICS CORP GM FINANCIAL CONSUMER AUTOMOBILE TRUST GM FINANCIAL LEASINGTRUST GOLDMAN SACHS GROUP INC HARLEY-DAVIDSON MOTORCYCLE TRUST 50,943.95 719,555.52 260,928.63 201,453.30 97,269.00 377,529.18 402,783.31 62,855.52 216,226.35 369,412.50 842,855.66 2,085,083.50 462,791.95 348,795.93 288,110.90 127,653.15 6,643,038.29 217,957.95 341,372.56 7,888.92 AA+ 62.02% 393,531.60 167,816.98 Page 4 Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Market Value of Holdings 24,018.83 Issuer HOME DEPOT INC Percent 0.05 0.80 0.20 0.44 1.20 0.99 0.94 0.12 0.26 1.42 0.79 1.42 0.74 0.60 0.61 0.89 0.33 0.79 0.78 0.24 0.40 0.12 0.18 0.07 0.17 1.25 0.77 0.90 1.55 42.04 0.40 0.16 0.43 HONDA AUTO RECEIVABLES HYUNDAI AUTO RECEIVABLES IBM CORP INTER-AMERICAN DEVELOPMENT BANK INTL BANK OF RECONSTRUCTION AND DEV JP MORGAN CHASE & CO LOCKHEED MARTIN CORP LOS ANGELES COMMUNITY COLLEGE DISTRICT MICROSOFT CORP 401,425.21 98,184.40 218,854.35 604,366.33 496,250.00 471,173.43 57,955.26 129,381.00 711,781.50 395,024.00 712,200.25 371,020.25 302,487.25 307,163.79 446,455.35 166,415.38 396,635.20 391,038.73 120,195.40 199,210.00 58,493.40 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 HOLDINGS INC SAN JUAN UNIFIED SCHOOL DISTRICT STATE OF CALIFORNIA STATE OF CONNECTICUT STATE OF MINNESOTA TARGET CORP TEXAS INSTRUMENTS INC 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 92,045.00 36,091.12 83,239.06 628,378.99 386,226.80 449,850.11 777,545.56 21,101,316.27 202,424.63 79,293.10 216,345.83 Page 5 Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Total $50,209,245.73 100.00% Page 6 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 91282CBC4 91282CBC4 91282CBW0 91282CBW0 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 912828U24 400,000.00 AA+ 400,000.00 AA+ 150,000.00 AA+ 200,000.00 AA+ 400,000.00 AA+ 75,000.00 AA+ 950,000.00 AA+ 200,000.00 AA+ 250,000.00 AA+ 750,000.00 AA+ 800,000.00 AA+ 900,000.00 AA+ 900,000.00 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 11/02/21 12/02/21 02/10/22 01/04/22 09/01/22 05/03/22 08/01/22 07/05/22 06/02/22 08/08/22 11/01/22 01/17/23 08/07/20 04/05/21 11/04/21 12/06/21 02/14/22 01/06/22 09/06/22 05/05/22 08/04/22 07/08/22 06/06/22 08/15/22 11/04/22 384,750.00 4.68 427,531.25 0.18 147,093.75 0.72 194,539.06 1.05 387,968.75 1.13 71,458.01 1.92 926,843.75 1.33 179,007.81 3.53 226,250.00 3.03 690,468.75 2.74 732,343.75 2.84 819,035.16 2.94 819,562.50 3.04 228,144.53 4.39 589.67 1,769.02 94.77 395,091.03 407,829.36 148,801.43 197,042.89 393,344.76 72,827.76 394,062.48 382,625.00 137,835.93 180,750.00 361,500.00 67,558.59 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 12/31/2020 0.375% 12/31/2025 189.54 379.07 235.39 2,981.66 210.60 263.25 789.74 842.39 947.69 947.69 1,888.59 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 936,150.36 184,757.08 234,135.98 707,752.02 752,859.46 844,777.28 842,481.07 233,059.04 855,742.14 178,000.00 222,500.00 667,500.00 712,000.00 801,000.00 801,000.00 229,921.88 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 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 Page 7 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 NOTES DTD 11/15/2016 2.000% 11/15/2026 912828U24 912828U24 912828U24 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 975,000.00 AA+ 2,100,000.00 AA+ 9,500,000.00 AA+ 1,200,000.00 AA+ 375,000.00 AA+ 600,000.00 AA+ 800,000.00 AA+ 825,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 01/04/23 12/05/22 01/13/23 01/31/23 05/01/23 07/03/23 03/02/23 06/02/23 01/06/23 12/07/22 01/17/23 02/03/23 05/05/23 07/07/23 03/06/23 06/06/23 907,092.77 3.96 1,954,066.41 3.92 8,922,578.13 3.72 1,155,421.88 3.70 362,329.10 3.62 565,640.63 4.30 746,531.25 4.44 786,779.30 3.97 7,365.49 15,864.13 71,766.30 13,809.78 1,737.43 2,779.89 3,706.52 3,822.35 920,009.12 1,984,287.54 9,028,727.93 1,162,337.68 363,548.72 567,630.47 753,480.86 789,729.05 896,695.31 1,931,343.75 8,737,031.25 1,122,187.44 349,335.94 558,937.50 745,250.00 768,539.06 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 DTD 07/31/2022 2.750% 07/31/2027 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 Security Type Sub-Total 23,000,000.00 21,635,436.54 3.44 132,980.96 21,920,660.89 21,101,316.27 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 0.52 440.97 70.56 499,946.99 634,846.51 496,250.00 604,366.33INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 Security Type Sub-Total Municipal Bond / Note 1,135,000.00 1,133,455.10 0.43 511.53 1,134,793.50 1,100,616.33 CT ST TXBL GO BONDS 20772KJW0 60,000.00 AA-Aa3 05/29/20 06/11/20 60,000.00 2.00 299.70 60,000.00 58,493.40 DTD 06/11/2020 1.998% 07/01/2024 Page 8 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 157411TK5 650036DT0 91412HGE7 341271AD6 341271AD6 341271AD6 60412AVJ9 798306WP7 54438CYK2 13077DQD7 13063D3N6 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- Aa1 NR 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 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 03/15/23 100,000.00 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 4.85 350.17 125.67 283.54 204.42 267.32 503.20 105.00 184.60 180.37 305.29 807.67 100,000.00 325,000.00 85,000.00 65,167.90 85,205.89 160,000.00 100,000.00 130,000.00 140,000.00 85,000.00 200,000.00 97,269.00 302,487.25 79,293.10 60,410.35 78,998.15 148,702.40 92,045.00 120,195.40 129,381.00 77,511.50 199,210.00 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 1.59 3,616.95 1,535,373.79 1,443,996.55 Federal Agency Commercial Mortgage-Backed Security FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 250,000.00 AA+ 275,000.00 AA+ Aaa Aaa 03/19/20 04/11/23 03/25/20 04/14/23 262,382.81 1.95 263,613.28 4.37 637.92 629.06 253,088.47 265,562.67 242,336.21 259,884.21FHMS K054 A2 3137BNGT5 DTD 04/20/2016 2.745% 01/01/2026 Page 9 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 K058 A2 DTD 11/09/2016 2.653% 08/01/2026 3137BSP72 3137BTUM1 3137BXQY1 3137F1G44 3137HAD45 3137HACX2 3136BQDE6 3137HAMH6 3137HAMS2 550,000.00 AA+ 380,000.00 AA+ 550,000.00 AA+ 550,000.00 AA+ 439,574.59 AA+ 550,000.00 AA+ 550,000.00 AA+ 800,000.00 AA+ 500,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 04/06/23 05/19/23 08/16/23 06/08/23 07/19/23 07/13/23 07/18/23 09/07/23 09/20/23 04/12/23 05/24/23 08/18/23 06/13/23 07/27/23 07/20/23 07/31/23 09/14/23 09/28/23 526,839.84 4.02 368,303.13 4.31 518,804.69 4.98 527,033.20 4.44 439,563.61 4.78 555,493.40 4.59 540,675.78 4.58 788,165.60 4.99 494,023.50 5.07 1,215.96 1,059.88 1,477.67 1,486.38 1,749.87 2,208.71 1,920.42 3,100.00 2,000.00 530,140.21 369,512.83 519,867.89 528,853.34 439,564.02 555,267.86 540,997.48 788,268.43 494,032.79 511,969.52 359,902.80 516,090.58 515,055.44 431,373.87 539,882.46 525,507.52 777,256.33 490,943.42 FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026 FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027 FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028 Security Type Sub-Total 5,394,574.59 5,284,898.84 4.52 17,485.87 5,285,155.99 5,170,202.36 Federal Agency Bond / Note FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 3137EAEY1 3137EAEZ8 3135G06H1 325,000.00 AA+ 350,000.00 AA+ 325,000.00 AA+ Aaa Aaa Aaa 10/14/20 11/03/20 11/23/20 10/16/20 11/05/20 11/25/20 323,787.75 0.25 349,685.00 0.28 324,629.50 0.29 186.20 352.43 279.86 324,983.39 349,989.65 324,980.75 324,319.45 348,282.55 322,413.98 FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023 FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023 Page 10 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023 3137EAFA2 3130AJHU6 3135G03U5 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 3135G06G3 300,000.00 AA+ 350,000.00 AA+ 350,000.00 AA+ 425,000.00 AA+ 350,000.00 AA+ 150,000.00 AA+ 700,000.00 AA+ 650,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 12/02/20 04/15/20 04/22/20 07/21/20 08/25/20 09/10/20 09/23/20 11/09/20 12/04/20 04/16/20 04/24/20 07/23/20 08/27/20 09/11/20 09/25/20 11/12/20 299,703.00 0.28 348,264.00 0.60 349,279.00 0.67 422,883.50 0.48 348,362.00 0.47 149,550.00 0.44 697,893.00 0.44 647,673.00 0.57 243.75 811.81 966.15 309.90 131.25 42.19 299,982.64 349,466.07 349,775.08 424,235.32 349,376.77 149,825.84 699,164.82 649,018.60 297,312.90 325,665.55 325,922.10 390,072.65 319,979.10 137,126.40 638,355.90 591,260.80 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 DTD 09/25/2020 0.375% 09/23/2025 58.33 FANNIE MAE NOTES 1,300.00 DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate Note 4,275,000.00 4,261,709.75 0.44 4,681.87 4,270,798.93 4,020,711.38 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 2,644.44 28.44 400,133.40 104,991.90 396,635.20 102,519.48CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 03/18/2021 0.750% 03/18/2024 BANK OF NY MELLON CORP NOTES (CALLABLE) DTD 04/26/2021 0.500% 04/26/2024 06406RAS6 61746BDQ6 210,000.00 A A1 A1 04/19/21 07/19/19 04/26/21 07/23/19 209,775.30 0.54 422,916.00 2.59 452.08 209,957.36 402,775.70 203,806.89 395,024.00MORGAN STANLEY CORP NOTES 400,000.00 A-6,544.44 DTD 04/28/2014 3.875% 04/29/2024 Page 11 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 02665WCZ2 38141EC23 400,000.00 A-A3 A2 07/11/19 07/08/19 07/15/19 07/11/19 398,016.00 2.51 418,632.00 2.84 2,506.67 3,550.56 399,703.88 402,042.75 389,955.60 393,531.60GOLDMAN SACHS GROUP INC (CALLABLE) BONDS 400,000.00 BBB+ 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 69371RQ66 70,000.00 A A2 A2 A1 08/09/21 09/03/19 10/22/20 08/12/21 09/06/19 10/29/20 69,993.70 0.75 398,368.00 1.84 182,894.25 0.73 71.46 602.78 481.25 69,998.18 399,700.50 177,498.24 67,029.20 386,226.80 166,415.38 WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 400,000.00 A- 175,000.00 A+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 025816CQ0 771196BT8 437076CM2 80,000.00 BBB+ 410,000.00 AA A2 Aa2 A2 03/01/22 03/03/22 03/24/22 03/04/22 03/10/22 03/28/22 79,919.20 2.29 410,000.00 2.13 24,956.25 2.76 135.00 509.90 311.25 79,961.66 410,000.00 24,977.93 76,009.76 391,038.73 24,018.83 ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 HOME 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 3,176.25 934.38 233,357.88 64,992.44 216,226.35 62,855.52CINTAS CORPORATION NO. 2 CORP NOTE (CALL 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 AA Aa1 05/23/22 05/26/22 224,264.25 3.49 3,164.06 224,602.93 216,345.83 Page 12 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 369550BG2 225,000.00 A- 315,000.00 A- A3 A1 10/16/20 10/20/20 06/01/21 252,247.50 0.80 315,000.00 0.82 2,975.00 865.20 234,003.37 315,000.00 217,957.95 304,504.83JPMORGAN CHASE & CO (CALLABLE) CORP NOTE 46647PCH7 05/24/21 DTD 06/01/2021 0.824% 06/01/2025 AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 023135BQ8 63254ABD9 475,000.00 AA 250,000.00 AA- A1 06/03/20 05/31/22 06/05/20 06/09/22 474,767.25 0.81 250,000.00 3.50 1,245.56 2,722.22 474,922.03 250,000.00 439,967.80 241,655.75NATIONAL AUSTRALIA BK/NY CORPORATE NOTES Aa3 DTD 06/09/2022 3.500% 06/09/2025 NATIONAL RURAL UTIL COOP CORPORATE NOTES 63743HFE7 50,000.00 A-A2 04/27/22 05/04/22 49,986.50 3.46 507.92 49,992.61 48,161.00 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 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 1,600.00 1,453.13 387.50 225,000.00 236,834.75 236,890.03 218,854.35 218,050.88 218,228.40 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 ABBOTT LABORATORIES CORPORATE NOTES (CAL Aa3 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 225,000.00 A- 175,000.00 A- 225,000.00 A+ A1 A1 A2 12/01/21 02/16/22 05/17/21 12/06/21 02/24/22 05/19/21 225,000.00 1.53 175,000.00 2.60 224,608.50 1.19 1,099.69 466.74 977.50 225,000.00 175,000.00 224,794.37 212,653.58 166,668.60 202,424.63 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 Page 13 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 05565EBW4 175,000.00 225,000.00 A A A2 A2 08/12/21 08/16/21 01/13/22 174,947.50 1.26 223,863.75 1.81 297.74 881.88 174,969.86 224,254.36 155,733.55 201,453.30CATERPILLAR FINL SERVICE CORPORATE NOTES 14913R2U0 01/11/22 DTD 01/10/2022 1.700% 01/08/2027 TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 87612EBM7 06406RBA4 40,000.00 A A A2 A1 01/19/22 01/26/22 01/24/22 01/28/22 39,932.00 1.99 473,945.50 2.10 164.67 39,955.02 36,091.12 BANK OF NY MELLON CORP (CALLABLE) CORPOR 475,000.00 1,758.16 474,298.73 424,572.10 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 3,781.25 573.75 725,849.24 281,078.19 711,781.50 271,137.90AMERICAN 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 4.50 485.56 4,950.00 6,074.44 468,839.49 287,147.53 490,189.50 433,812.75 275,009.70 470,544.50 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 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 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 1,186.18 3,805.99 746,094.20 376,116.21 714,374.08 365,781.00TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 01/12/2023 4.625% 01/12/2028 Page 14 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 637432NP6 350,000.00 A- 85,000.00 A+ 375,000.00 A+ 60,000.00 A- A1 Aa3 A2 02/17/23 02/22/23 05/18/23 03/13/23 05/25/23 07/25/23 329,189.00 4.76 87,043.40 4.04 358,263.75 4.93 59,892.00 4.49 377,865.00 4.78 1,785.00 499.61 331,728.61 86,880.22 360,136.73 59,899.67 377,757.72 322,859.25 83,239.06 352,721.63 57,955.26 369,412.50 TEXAS INSTRUMENTS INC CORP NOTE (CALLABL DTD 11/18/2022 4.600% 02/15/2028 882508BV5 110122DE5 539830BZ1 24422EXB0 05/11/23 03/09/23 05/23/23 07/21/23 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL DTD 07/15/2020 3.900% 02/20/2028 1,665.63 934.50LOCKHEED MARTIN CORP NOTES (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028 A2 JOHN DEERE CAPITAL CORP CORPORATE NOTES 375,000.00 A A2 3,970.31 DTD 07/14/2023 4.950% 07/14/2028 Security Type Sub-Total Certificate of Deposit 11,840,000.00 11,849,400.30 2.88 72,228.09 11,757,327.19 11,223,246.14 TORONTO DOMINION BANK NY CERT DEPOS DTD 10/31/2022 5.600% 10/27/2025 89115B6K1 65558UYF3 450,000.00 A A1 10/27/22 11/02/22 10/31/22 11/03/22 450,000.00 5.58 23,450.00 450,000.00 449,850.11 NORDEA BANK ABP NEW YORK CERT DEPOS DTD 11/03/2022 5.530% 11/03/2025 450,000.00 AA-Aa3 450,000.00 5.53 10,230.50 450,000.00 446,455.35 Security Type Sub-Total Asset-Backed Security 900,000.00 900,000.00 5.56 33,680.50 900,000.00 896,305.46 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 380144AD7 44933LAC7 7,905.67 AAA 32,583.46 AAA NR NR 05/18/21 04/20/21 05/26/21 04/28/21 7,905.00 0.41 32,580.04 0.38 0.99 5.50 7,905.40 7,888.92 HART 2021-A A3 32,581.93 31,940.46 DTD 04/28/2021 0.380% 09/15/2025 Page 15 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 174,780.61 AAA 176,061.06 AAA 85,713.92 NR 57,634.38 AAA 68,549.39 AAA 195,000.00 AAA 73,291.67 AAA 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 Aaa NR 06/15/21 06/08/21 11/16/21 04/13/21 11/09/21 09/20/21 10/13/21 07/12/22 09/20/22 10/04/22 01/24/23 10/27/22 02/13/23 03/28/23 06/23/21 06/14/21 11/24/21 04/21/21 11/17/21 09/27/21 10/21/21 07/20/22 09/28/22 10/12/22 01/30/23 11/03/22 02/23/23 03/31/23 174,777.64 0.33 176,042.09 0.26 85,695.85 0.89 57,621.95 0.52 68,534.09 0.75 194,958.25 0.58 73,289.79 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 5.05 129,986.44 4.65 25.63 20.34 174,779.21 176,051.93 85,703.89 57,628.25 68,540.46 194,975.14 73,290.54 209,996.30 139,977.33 274,963.95 244,999.90 244,968.62 169,985.02 129,987.84 169,532.87 171,214.08 82,427.16 55,915.79 66,243.94 185,495.58 70,371.69 205,012.84 137,630.92 271,000.87 240,550.48 241,607.22 167,816.98 127,653.15 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 NR 20.95 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 13.32 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 NR 22.55 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 Aaa Aaa NR 50.27 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 20.77 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 370.53 277.51 552.29 504.16 539.00 381.56 268.67 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 Aaa NRGMCAR 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 Page 16 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 43815QAC1 254683CY9 05522RDG0 02582JJZ4 14041NGD7 254683CZ6 31680EAD3 161571HT4 02582JKD1 320,000.00 AAA 320,000.00 NR 170,000.00 AAA 190,000.00 AAA 490,000.00 AAA 350,000.00 AAA 350,000.00 AAA 405,000.00 AAA 410,000.00 AAA NR Aaa NR 08/15/23 04/04/23 06/08/23 06/07/23 05/17/23 06/21/23 08/15/23 09/07/23 09/12/23 08/22/23 04/11/23 06/16/23 06/14/23 05/24/23 06/28/23 08/23/23 09/15/23 09/19/23 319,934.02 5.42 319,981.44 4.31 169,961.51 4.79 189,983.15 4.87 489,887.64 4.43 349,952.72 4.93 349,978.30 5.53 404,887.73 5.17 409,981.67 5.23 625.16 612.98 361.91 411.24 962.58 766.89 860.22 928.80 714.77 319,935.63 319,983.22 169,963.80 189,984.17 489,895.67 349,955.20 349,978.77 404,887.68 409,980.85 318,998.05 311,577.09 167,630.97 187,483.34 477,948.30 345,782.99 348,795.93 402,783.31 408,604.36 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 NR COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 NR DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 Aaa Aaa NR FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 AMXCA 2023-3 A NR DTD 09/19/2023 5.230% 09/15/2028 Security Type Sub-Total 5,291,520.16 53,371,094.75 5,290,804.64 4.17 3.18 9,318.59 5,290,900.70 52,095,010.99 5,201,907.29 50,158,301.78Managed Account Sub-Total Joint Powers Authority CAMP Pool 51,891,728.27 274,504.36 50,943.95 AAAm 50,943.95 NR 50,943.95 0.00 50,943.95 50,943.95 Liquid Sub-Total 50,943.95 0.00 50,943.95 50,943.95 Page 17 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Securities Sub-Total Accrued Interest Total Investments $53,422,038.70 $51,942,672.22 3.18%$274,504.36 $52,145,954.94 $50,209,245.73 $274,504.36 $50,483,750.09 Page 18 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 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 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 91282CDV0 912828YY0 912828ZW3 91282CBC4 91282CBC4 91282CBW0 91282CBW0 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 912828U24 912828U24 912828U24 912828U24 400,000.00 CITIGRP 400,000.00 WELLS_F 150,000.00 GOLDMAN 200,000.00 BNP_PAR 400,000.00 CITIGRP 75,000.00 BMO 98.52 95.66 91.89 90.38 90.38 90.08 90.08 89.00 89.00 89.00 89.00 89.00 89.00 91.97 91.97 91.97 91.97 394,062.48 382,625.00 137,835.93 180,750.00 361,500.00 67,558.59 9,312.48 (44,906.25) (9,257.82) (13,789.06) (26,468.75) (3,899.42) (71,101.61) (1,007.81) (3,750.00) (22,968.75) (20,343.75) (18,035.16) (18,562.50) 1,777.35 (1,028.55) (25,204.36) (10,965.50) (16,292.89) (31,844.76) (5,269.17) 0.34 1.24 1.75 2.24 2.24 2.56 2.56 2.81 2.81 2.81 2.81 2.81 2.81 3.02 3.02 3.02 3.02 5.39 5.39 5.16 4.95 4.95 4.88 4.88 4.82 4.82 4.82 4.82 4.82 4.82 4.80 4.80 4.80 4.80 950,000.00 CITIGRP 200,000.00 BMO 855,742.14 178,000.00 222,500.00 667,500.00 712,000.00 801,000.00 801,000.00 229,921.88 896,695.31 1,931,343.75 8,737,031.25 (80,408.22) (6,757.08) 250,000.00 HSBC 750,000.00 BMO (11,635.98) (40,252.02) (40,859.46) (43,777.28) (41,481.07) (3,137.16) 800,000.00 HSBC 900,000.00 MERRILL 900,000.00 BMO 250,000.00 BMO 975,000.00 BMO (10,397.46) (22,722.66) (185,546.88) (23,313.81) (52,943.79) (291,696.68) 2,100,000.00 HSBC 9,500,000.00 JPM_CHA DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 Page 19 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 04/30/2022 2.750% 04/30/2027 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 US TREASURY N/B NOTES 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 1,200,000.00 BNP_PAR 375,000.00 MORGAN_ 600,000.00 CITIGRP 800,000.00 BMO 93.52 93.16 93.16 93.16 93.16 1,122,187.44 349,335.94 558,937.50 745,250.00 768,539.06 (33,234.44) (12,993.16) (6,703.13) (1,281.25) (18,240.24) (40,150.24) (14,212.78) (8,692.97) (8,230.86) (21,189.99) 3.39 3.64 3.64 3.64 3.64 4.74 4.72 4.72 4.72 4.72 DTD 07/31/2022 2.750% 07/31/2027 US TREASURY N/B NOTES 825,000.00 HSBC DTD 07/31/2022 2.750% 07/31/2027 Security Type Sub-Total 23,000,000.00 21,101,316.27 (534,120.27)(819,344.62)2.95 4.82 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 99.25 95.18 496,250.00 604,366.33 (2,675.00)(3,696.99)0.16 0.98 5.29 5.63635,000.00 JPM_CHA (30,163.77)(30,480.18) Security Type Sub-Total Municipal Bond / Note 1,135,000.00 1,100,616.33 (32,838.77)(34,177.17)0.61 5.48 CT ST TXBL GO BONDS 20772KJW0 157411TK5 650036DT0 91412HGE7 341271AD6 341271AD6 60,000.00 SIEBERT 100,000.00 RBC 97.49 97.27 93.07 93.29 92.94 92.94 58,493.40 97,269.00 302,487.25 79,293.10 60,410.35 78,998.15 (1,506.60) (2,731.00) (22,512.75) (5,706.90) (5,049.20) (6,565.40) (1,506.60) (2,731.00) (22,512.75) (5,706.90) (4,757.55) (6,207.74) 0.75 0.83 1.45 1.53 1.74 1.74 5.44 5.48 5.90 5.25 5.54 5.54 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 DTD 07/16/2020 0.883% 05/15/2025 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 325,000.00 WELLS_F 85,000.00 JPM_CHA 65,000.00 MERRILL 85,000.00 MERRILL 04/15/25 Page 20 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 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 60412AVJ9 798306WP7 54438CYK2 13077DQD7 13063D3N6 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 92.94 92.05 92.46 92.42 91.19 99.61 148,702.40 92,045.00 120,195.40 129,381.00 77,511.50 199,210.00 (11,297.60) (7,955.00) (9,804.60) (10,619.00) (7,488.50) (790.00) (11,297.60) (7,955.00) (9,804.60) (10,619.00) (7,488.50) (790.00) 1.74 1.83 1.83 1.83 2.07 3.18 5.54 5.23 5.21 5.15 5.38 4.97 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 1,443,996.55 (92,026.55)(91,377.24)1.80 5.42 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 DTD 11/09/2016 2.653% 08/01/2026 FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026 FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027 FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 FNA 2023-M6 A2 3137BGK24 3137BNGT5 3137BSP72 3137BTUM1 3137BXQY1 3137F1G44 3137HAD45 3137HACX2 3136BQDE6 250,000.00 CITIGRP 275,000.00 BAIRD 96.93 94.50 93.09 94.71 93.83 93.65 98.13 98.16 95.55 242,336.21 259,884.21 511,969.52 359,902.80 516,090.58 515,055.44 431,373.87 539,882.46 525,507.52 (20,046.60) (3,729.07) (14,870.32) (8,400.33) (2,714.11) (11,977.76) (8,189.74) (15,610.94) (15,168.26) (10,752.26) (5,678.46) (18,170.69) (9,610.03) (3,777.31) (13,797.90) (8,190.15) (15,385.40) (15,489.96) 1.11 2.08 2.69 2.77 3.07 3.21 3.29 4.05 4.21 5.78 5.34 5.28 5.21 5.20 5.23 5.23 5.26 5.25 550,000.00 BREAN 380,000.00 CITIGRP 550,000.00 MORGAN_ 550,000.00 CITIGRP 439,574.59 JPM_CHA 550,000.00 JPM_CHA 550,000.00 JPM_CHA DTD 07/01/2023 4.190% 07/01/2028 Page 21 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 Commercial Mortgage-Backed Security FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 FHMS K507 A2 3137HAMH6 3137HAMS2 800,000.00 WELLS_F 500,000.00 MERRILL 97.16 98.19 777,256.33 490,943.42 (10,909.27) (3,080.08) (11,012.10) (3,089.37) 4.19 4.23 5.32 5.22 DTD 09/01/2023 4.800% 09/01/2028 Security Type Sub-Total 5,394,574.59 5,170,202.36 (114,696.48)(114,953.63)3.40 5.28 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 99.79 99.51 99.20 99.10 93.05 93.12 91.78 91.42 91.42 91.19 90.96 324,319.45 348,282.55 322,413.98 297,312.90 325,665.55 325,922.10 390,072.65 319,979.10 137,126.40 638,355.90 591,260.80 531.70 (1,402.45) (2,215.52) (2,390.10) (22,598.45) (23,356.90) (32,810.85) (28,382.90) (12,423.60) (59,537.10) (56,412.20) (663.94) (1,707.10) (2,566.77) (2,669.74) (23,800.52) (23,852.98) (34,162.67) (29,397.67) (12,699.44) (60,808.92) (57,757.80) 0.05 0.10 0.16 0.18 1.53 1.55 1.81 1.90 1.92 1.98 2.09 4.84 5.18 5.31 5.33 5.26 5.27 5.19 5.17 5.11 5.11 5.09 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 4,275,000.00 4,020,711.38 (240,998.37)(250,087.55)1.30 5.16 Page 22 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 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 99.16 97.64 396,635.20 102,519.48 (6,212.80) (2,428.02) (3,498.20) (2,472.42) 0.24 0.39 6.19 5.95 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 97.05 203,806.89 (5,968.41)(6,150.47)0.49 5.81 DTD 04/26/2021 0.500% 04/26/2024 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 PACCAR FINANCIAL CORP CORPORATE NOTES 61746BDQ6 02665WCZ2 38141EC23 400,000.00 WELLS_FA 400,000.00 WELLS_FA 400,000.00 SUSQ 98.76 97.49 98.38 395,024.00 389,955.60 393,531.60 (27,892.00) (8,060.40) (25,100.40) (7,751.70) (9,748.28) (8,511.15) 0.57 0.74 0.52 6.08 5.90 6.0104/08/24 07/30/24 05565EBU8 254687FK7 69371RQ66 70,000.00 GOLDMAN 400,000.00 JPM_CHAS 175,000.00 MERRILL 95.76 96.56 95.09 67,029.20 386,226.80 166,415.38 (2,964.50) (12,141.20) (16,478.87) (2,968.98) (13,473.70) (11,082.86) 0.87 0.83 1.34 5.84 5.66 5.62 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 DTD 03/28/2022 2.700% 04/15/2025 CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025 025816CQ0 771196BT8 437076CM2 172967JP7 80,000.00 BARCLAY 410,000.00 DEUTSCH 25,000.00 MORGAN_ 225,000.00 MKTX 02/01/25 02/10/25 03/15/25 95.01 95.38 96.08 96.10 76,009.76 391,038.73 24,018.83 216,226.35 (3,909.44) (18,961.27) (937.42) (3,951.90) (18,961.27) (959.10) 1.32 1.35 1.42 1.53 5.94 5.51 5.39 5.93(33,512.40)(17,131.53) Page 23 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 CINTAS CORPORATION NO. 2 CORP NOTE (CALL 17252MAP5 65,000.00 KEYBANC 04/01/25 96.70 62,855.52 (2,130.18)(2,136.92)1.46 5.65 DTD 05/03/2022 3.450% 05/01/2025 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 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 90327QD89 369550BG2 225,000.00 MERRILL 225,000.00 JPM_CHA 96.15 96.87 216,345.83 217,957.95 (7,918.42)(8,257.10)1.54 1.42 5.95 5.5403/15/25 06/01/24 05/03/25 (34,289.55)(16,045.42) 46647PCH7 315,000.00 JPM_CHA 96.67 304,504.83 (10,495.17)(10,495.17)0.67 2.88 023135BQ8 63254ABD9 475,000.00 GOLDMAN 250,000.00 CITIGRP 92.62 96.66 439,967.80 241,655.75 (34,799.45) (8,344.25) (34,954.23) (8,344.25) 1.58 1.64 5.47 5.59 DTD 06/09/2022 3.500% 06/09/2025 NATIONAL RURAL UTIL COOP CORPORATE NOTES 63743HFE7 50,000.00 RBC 96.32 48,161.00 (1,825.50)(1,831.61)1.66 5.74 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) 459200KS9 06051GFS3 002824BM1 225,000.00 JPM_CHA 225,000.00 MERRILL 225,000.00 US_BANC 97.27 96.91 96.99 218,854.35 218,050.88 218,228.40 (6,145.65) (38,867.62) (39,617.10) (6,145.65) (18,783.87) (18,661.63) 1.77 1.78 1.67 5.59 5.67 5.5206/15/25 12/06/24 02/24/25 06051GKE8 46647PCV6 225,000.00 MERRILL 175,000.00 JPM_CHA 94.51 95.24 212,653.58 166,668.60 (12,346.42) (8,331.40) (12,346.42) (8,331.40) 1.17 1.38 4.19 4.72 DTD 12/06/2021 1.530% 12/06/2025 JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 Page 24 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR DTD 05/19/2021 1.150% 05/15/2026 BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 CATERPILLAR FINL SERVICE CORPORATE NOTES 91324PEC2 05565EBW4 14913R2U0 225,000.00 CITIGRP 175,000.00 MITSU 225,000.00 JPM_CHA 04/15/26 07/12/26 89.97 88.99 89.53 202,424.63 155,733.55 201,453.30 (22,183.87) (19,213.95) (22,410.45) (22,369.74) (19,236.31) (22,801.06) 2.50 2.74 3.18 5.29 5.45 5.22 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 90.23 89.38 36,091.12 (3,840.88)(3,863.90)3.11 3.13 5.22 5.60475,000.00 DEUTSCH 424,572.10 (49,373.40)(49,726.63) 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 94.90 90.38 91.33 91.67 94.11 711,781.50 271,137.90 433,812.75 275,009.70 470,544.50 (10,161.00) (6,065.10) (32,276.25) (9,915.30) (17,780.50) (14,067.74) (9,940.29) (35,026.74) (12,137.83) (19,645.00) 2.96 3.21 3.26 3.05 3.43 4.97 5.68 5.06 5.97 5.69 475,000.00 SEEL 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 92.18 97.54 714,374.08 365,781.00 (26,688.67) (10,501.50) (31,720.12) (10,335.21) 3.52 3.89 5.11 5.27375,000.00 WELLS_F DTD 01/12/2023 4.625% 01/12/2028 Page 25 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 TEXAS INSTRUMENTS INC CORP NOTE (CALLABL DTD 11/18/2022 4.600% 02/15/2028 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL DTD 07/15/2020 3.900% 02/20/2028 LOCKHEED MARTIN CORP NOTES (CALLABLE) 637432NP6 882508BV5 110122DE5 539830BZ1 24422EXB0 350,000.00 MORGAN_ 85,000.00 JPM_CHA 375,000.00 MKTX 11/07/27 01/15/28 11/20/27 04/15/28 92.25 97.93 94.06 96.59 98.51 322,859.25 83,239.06 352,721.63 57,955.26 369,412.50 (6,329.75) (3,804.34) (5,542.12) (1,936.74) (8,452.50) (8,869.36) (3,641.16) (7,415.10) (1,944.41) (8,345.22) 3.83 3.92 3.84 4.16 4.28 5.42 5.13 5.44 5.29 5.30 60,000.00 BARCLAY 375,000.00 CITIGRP DTD 05/25/2023 4.450% 05/15/2028 JOHN DEERE CAPITAL CORP CORPORATE NOTES DTD 07/14/2023 4.950% 07/14/2028 Security Type Sub-Total Certificate of Deposit 11,840,000.00 11,223,246.14 (626,154.16)(534,081.05)2.21 5.44 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 99.97 99.21 449,850.11 446,455.35 (149.89)(149.89)2.77 1.96 5.59 5.93450,000.00 WELLS_F (3,544.65)(3,544.65) DTD 11/03/2022 5.530% 11/03/2025 Security Type Sub-Total Asset-Backed Security 900,000.00 896,305.46 (3,694.54)(3,694.54)2.37 5.76 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 HART 2021-A A3 380144AD7 44933LAC7 7,905.67 SOCGEN 99.79 98.03 7,888.92 (16.08)(16.48)0.06 0.37 0.54 1.4032,583.46 BARCLAY 31,940.46 (639.58)(641.47) DTD 04/28/2021 0.380% 09/15/2025 Page 26 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 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 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 DTD 07/20/2022 3.970% 04/15/2027 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 HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 DCENT 2023-A1 A 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 05522RDG0 174,780.61 MITSU 176,061.06 CITIGRP 85,713.92 MERRILL 57,634.38 MERRILL 68,549.39 SMBC 97.00 97.25 96.17 97.02 96.64 95.13 96.02 97.63 98.31 98.55 98.18 98.62 98.72 98.19 99.69 97.37 98.61 169,532.87 171,214.08 82,427.16 55,915.79 66,243.94 185,495.58 70,371.69 205,012.84 137,630.92 271,000.87 240,550.48 241,607.22 167,816.98 127,653.15 318,998.05 311,577.09 167,630.97 (5,244.77) (4,828.01) (3,268.69) (1,706.16) (2,290.15) (9,462.67) (2,918.10) (4,982.20) (2,340.11) (3,954.06) (4,449.40) (3,354.34) (2,165.90) (2,333.29) (935.97) (5,246.34) (4,837.85) (3,276.73) (1,712.46) (2,296.52) (9,479.56) (2,918.85) (4,983.46) (2,346.41) (3,963.08) (4,449.42) (3,361.40) (2,168.04) (2,334.69) (937.58) 0.51 0.51 0.72 0.52 0.65 0.94 0.75 1.22 1.50 1.45 1.73 1.90 1.47 1.74 2.08 2.27 2.46 1.83 1.57 2.59 1.80 2.06 2.29 2.07 4.70 4.97 5.24 5.14 5.33 5.39 5.11 5.49 4.97 5.13 195,000.00 CITIGRP 73,291.67 JPM_CHA 210,000.00 RBC 140,000.00 WELLS_F 275,000.00 RBC 245,000.00 MERRILL 245,000.00 RBC 170,000.00 JPM_CHA 130,000.00 BNP_PAR 320,000.00 MERRILL 320,000.00 RBC (8,404.35) (2,330.54) (8,406.13) (2,332.83) DTD 04/11/2023 4.310% 03/15/2028 BACCT 2023-A1 A1 170,000.00 MERRILL DTD 06/16/2023 4.790% 05/15/2028 Page 27 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 AMXCA 2023-3 A 02582JJZ4 14041NGD7 254683CZ6 31680EAD3 161571HT4 02582JKD1 190,000.00 RBC 98.68 97.54 98.80 99.66 99.45 99.66 187,483.34 477,948.30 345,782.99 348,795.93 402,783.31 408,604.36 (2,499.81) (11,939.34) (4,169.73) (1,182.37) (2,104.42) (1,377.31) (2,500.83) (11,947.37) (4,172.21) (1,182.84) (2,104.37) (1,376.49) 2.41 2.42 2.47 2.14 2.68 2.68 5.19 5.02 5.22 5.61 5.29 5.31 490,000.00 RBC 350,000.00 MERRILL 350,000.00 JPM_CHA 405,000.00 JPM_CHA 410,000.00 CITIGRP DTD 09/19/2023 5.230% 09/15/2028 Security Type Sub-Total 5,291,520.16 5,201,907.29 50,158,301.78 (88,897.35)(88,993.41)1.90 2.49 4.69 5.07Managed Account Sub-Total 53,371,094.75 (1,733,426.49)(1,936,709.21) Joint Powers Authority CAMP Pool 50,943.95 1.00 50,943.95 0.00 0.00 0.00 Liquid Sub-Total 50,943.95 50,943.95 0.00 0.00 0.00 Securities Sub-Total Accrued Interest Total Investments $53,422,038.70 $50,209,245.73 $274,504.36 $50,483,750.09 ($1,733,426.49)($1,936,709.21)2.49 5.07% Page 28 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 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 09/07/23 09/07/23 09/12/23 09/20/23 09/14/23 09/15/23 09/19/23 09/28/23 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 FHMS K507 A2 3137HAMH6 800,000.00 405,000.00 410,000.00 500,000.00 (788,165.60) (404,887.73) (409,981.67) (494,023.50) (1,343.33)(789,508.93) (404,887.73) (409,981.67) (495,823.50) 161571HT4 02582JKD1 3137HAMS2 0.00 0.00 (1,800.00) DTD 09/01/2023 4.800% 09/01/2028 Transaction Type Sub-Total INTEREST 2,115,000.00 (2,097,058.50)(3,143.33)(2,100,201.83) 09/01/23 09/01/23 09/01/23 09/01/23 09/01/23 09/01/23 09/01/23 09/01/23 09/01/23 09/01/23 09/04/23 09/01/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/04/23 CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027 FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027 FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028 FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026 FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027 FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026 FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 FHMS K043 A2 13063D3N6 3137BXQY1 3136BQDE6 3137HACX2 3137BNGT5 3137F1G44 3137BTUM1 3137BSP72 3137HAD45 3137BGK24 025816CS6 200,000.00 550,000.00 550,000.00 550,000.00 275,000.00 550,000.00 380,000.00 550,000.00 439,787.86 250,000.00 300,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,469.09 1,477.67 1,920.42 2,208.71 629.06 4,469.09 1,477.67 1,920.42 2,208.71 629.06 1,486.38 1,059.88 1,215.96 1,750.72 637.92 1,486.38 1,059.88 1,215.96 1,750.72 637.92 DTD 03/01/2015 3.062% 12/01/2024 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 3,825.00 3,825.00 DTD 03/04/2022 2.550% 03/04/2027 Page 29 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 09/04/23 09/04/23 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 025816CQ0 80,000.00 0.00 900.00 900.00 DTD 03/04/2022 2.250% 03/04/2025 FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025 ROCHE HOLDINGS INC (CALLABLE) CORPORATE 09/04/23 09/10/23 09/04/23 09/10/23 3130AK5E2 771196BT8 150,000.00 410,000.00 0.00 0.00 281.25 281.25 4,370.60 4,370.60 DTD 03/10/2022 2.132% 03/10/2025 APPLE INC (CALLABLE) BONDS DTD 09/12/2017 2.900% 09/12/2027 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 ABBOTT LABORATORIES CORPORATE NOTES (CAL 09/12/23 09/15/23 09/15/23 09/12/23 09/15/23 09/15/23 037833DB3 44935FAD6 002824BM1 775,000.00 73,374.84 225,000.00 0.00 0.00 0.00 11,237.50 45.25 11,237.50 45.25 4,359.38 4,359.38 DTD 03/22/2017 3.875% 09/15/2025 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 AMXCA 2023-1 A 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 254683CY9 14041NGD7 14314QAC8 02582JJZ4 650036DT0 320,000.00 490,000.00 62,788.50 190,000.00 325,000.00 0.00 0.00 0.00 0.00 0.00 1,149.33 1,804.83 27.21 1,149.33 1,804.83 27.21 771.08 771.08 DTD 06/14/2023 4.870% 05/15/2028 NY ST URBAN DEV CORP TXBL REV BONDS 1,413.75 1,413.75 DTD 12/23/2020 0.870% 03/15/2025 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 DCENT 2023-A2 A 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 89190GAC1 05522RDG0 65480JAC4 254683CZ6 192,217.77 170,000.00 140,000.00 350,000.00 0.00 0.00 0.00 0.00 41.65 678.58 41.65 678.58 520.33 520.33 1,437.92 1,437.92 DTD 06/28/2023 4.930% 06/15/2028 Page 30 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) 14318MAD1 210,000.00 350,000.00 245,000.00 245,000.00 130,000.00 195,000.00 475,000.00 0.00 694.75 694.75 31680EAD3 14041NGB1 891940AC2 344928AD8 254683CP8 084664CZ2 0.00 0.00 0.00 0.00 0.00 0.00 1,182.81 1,010.63 945.29 1,182.81 1,010.63 945.29 503.75 503.75 94.25 94.25 5,462.50 5,462.50 DTD 03/15/2022 2.300% 03/15/2027 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 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 CHARLES SCHWAB CORP NOTES (CALLABLE) 09/15/23 09/15/23 09/15/23 09/16/23 09/16/23 09/18/23 09/15/23 09/15/23 09/15/23 09/16/23 09/16/23 09/18/23 65480BAC1 44933LAC7 41285JAD0 362554AC1 36265QAD8 808513BN4 190,326.75 36,416.89 170,000.00 77,749.47 275,000.00 105,000.00 0.00 0.00 0.00 0.00 0.00 0.00 52.34 11.53 52.34 11.53 715.42 44.06 715.42 44.06 1,104.58 393.75 1,104.58 393.75 DTD 03/18/2021 0.750% 03/18/2024 HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 HAROT 2021-4 A3 09/18/23 09/20/23 09/21/23 09/18/23 09/20/23 09/21/23 43815QAC1 380144AD7 43815GAC3 320,000.00 22,615.32 91,588.31 0.00 0.00 0.00 1,250.31 7.73 1,250.31 7.73 67.16 67.16 DTD 11/24/2021 0.880% 01/21/2026 Page 31 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 09/23/23 09/23/23 09/23/23 09/23/23 INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 FREDDIE MAC NOTES 4581X0DZ8 635,000.00 700,000.00 0.00 1,587.50 1,587.50 3137EAEX3 0.00 1,312.50 1,312.50 DTD 09/25/2020 0.375% 09/23/2025 Transaction Type Sub-Total MATURITY 13,021,865.71 0.00 66,160.33 66,160.33 09/08/23 09/08/23 FREDDIE MAC NOTES 3137EAEW5 250,000.00 250,000.00 312.50 250,312.50 82.50 0.00 DTD 09/04/2020 0.250% 09/08/2023 Transaction Type Sub-Total PAYDOWNS 250,000.00 250,000.00 312.50 250,312.50 82.50 0.00 09/01/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/16/23 09/20/23 09/21/23 09/25/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/16/23 09/20/23 09/21/23 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 CARMX 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 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 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 GMALT 2021-2 A4 3137HAD45 14314QAC8 44935FAD6 65480BAC1 89190GAC1 44933LAC7 362554AC1 380144AD7 43815GAC3 213.27 5,154.12 4,825.45 15,546.14 16,156.71 3,833.43 4,457.80 14,709.65 5,874.39 213.27 5,154.12 4,825.45 15,546.14 16,156.71 3,833.43 4,457.80 14,709.65 5,874.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 213.27 5,154.12 4,825.45 15,546.14 16,156.71 3,833.43 4,457.80 14,709.65 5,874.39 0.01 1.11 1.08 0.26 1.74 0.40 0.11 1.24 1.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 DTD 05/26/2021 0.410% 05/20/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 Transaction Type Sub-Total 70,770.96 70,770.96 0.00 70,770.96 7.19 0.00 Page 32 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Sale MethodTrade SELL Settle Security Description CUSIP Par Total Cost Amort Cost 09/07/23 09/08/23 09/12/23 09/20/23 09/20/23 09/14/23 09/15/23 09/19/23 09/27/23 09/27/23 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 NOTES DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES 91282CDV0 500,000.00 325,000.00 450,000.00 100,000.00 450,000.00 491,562.50 534.99 492,097.49 319,934.57 407,533.54 90,543.82 407,447.18 10,625.00 (1,446.24) (909.27) FIFO FIFO FIFO FIFO FIFO 91282CDV0 91282CBC4 91282CBC4 91282CBC4 319,579.10 407,162.11 90,453.13 407,039.06 355.47 371.43 90.69 6,969.73 (36,966.80) (8,242.18) (30,673.83) (39,730.98) (8,863.07) (36,275.07) DTD 12/31/2020 0.375% 12/31/2025 US TREASURY NOTES 408.12 DTD 12/31/2020 0.375% 12/31/2025 Transaction Type Sub-Total Managed Account Sub-Total Total Security Transactions 1,825,000.00 1,715,795.90 (60,491.64) ($60,491.64) 1,760.70 65,090.20 $65,090.20 1,717,556.60 4,598.56 (58,288.08) (58,198.39) ($58,198.39) (87,224.63) (87,224.63) ($87,224.63)$4,598.56 Page 33 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool Opening Balance 09/01/23 09/05/23 09/05/23 09/05/23 09/08/23 09/11/23 09/12/23 09/14/23 09/14/23 09/14/23 09/14/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 50,055.18 54,524.27 54,805.52 58,630.52 59,530.52 309,843.02 314,213.62 325,451.12 817,013.62 817,548.61 816,205.28 28,039.68 32,399.06 33,170.14 33,848.72 35,653.55 35,680.76 36,375.51 36,469.76 37,619.09 39,057.01 40,239.82 09/01/23 09/05/23 09/05/23 09/05/23 09/08/23 09/11/23 09/12/23 09/14/23 09/14/23 09/14/23 09/14/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 Purchase - Interest 13063D3N6 Purchase - Interest 3130AK5E2 Purchase - Interest 025816CS6 Purchase - Interest 025816CQ0 Purchase - Principal 3137EAEW5 Purchase - Interest 771196BT8 Purchase - Interest 037833DB3 Purchase - Principal 91282CDV0 Purchase - Interest 91282CDV0 Redemption - Interest 3137HAMH6 Redemption - Principal 3137HAMH6 Purchase - Interest 002824BM1 Purchase - Interest 02582JJZ4 Purchase - Interest 05522RDG0 Purchase - Interest 14041NGD7 Purchase - Interest 14314QAC8 Purchase - Interest 14318MAD1 Purchase - Interest 254683CP8 Purchase - Interest 254683CY9 Purchase - Interest 254683CZ6 Purchase - Interest 31680EAD3 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 4,469.09 281.25 3,825.00 900.00 250,312.50 4,370.60 11,237.50 491,562.50 534.99 (1,343.33) (788,165.60) 4,359.38 771.08 678.58 1,804.83 27.21 694.75 94.25 1,149.33 1,437.92 1,182.81 Page 34 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/18/23 09/18/23 09/18/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/15/23 09/18/23 09/18/23 09/18/23 Purchase - Interest 344928AD8 Purchase - Interest 41285JAD0 Purchase - Interest 44933LAC7 Purchase - Interest 44935FAD6 Purchase - Interest 65480BAC1 Purchase - Interest 65480JAC4 Purchase - Interest 89190GAC1 Purchase - Interest 891940AC2 Purchase - Interest 14041NGB1 Purchase - Interest 084664CZ2 Purchase - Interest 650036DT0 Purchase - Interest 91282CDV0 Purchase - Principal 91282CDV0 Purchase - Principal 14314QAC8 Purchase - Principal 44935FAD6 Purchase - Principal 65480BAC1 Purchase - Principal 44933LAC7 Purchase - Principal 89190GAC1 Redemption - Principal 161571HT4 Purchase - Interest 808513BN4 Purchase - Interest 362554AC1 Purchase - Interest 36265QAD8 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 1.00 503.75 715.42 40,743.57 41,458.99 41,470.52 41,515.77 41,568.11 42,088.44 42,130.09 43,075.38 44,086.01 49,548.51 50,962.26 51,317.73 370,896.83 376,050.95 380,876.40 396,422.54 400,255.97 416,412.68 11,524.95 11,918.70 11,962.76 13,067.34 11.53 45.25 52.34 520.33 41.65 945.29 1,010.63 5,462.50 1,413.75 355.47 319,579.10 5,154.12 4,825.45 15,546.14 3,833.43 16,156.71 (404,887.73) 393.75 44.06 1,104.58 Page 35 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 09/18/23 09/18/23 09/19/23 09/19/23 09/19/23 09/20/23 09/20/23 09/21/23 09/21/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/27/23 09/18/23 09/18/23 09/19/23 09/19/23 09/19/23 09/20/23 09/20/23 09/21/23 09/21/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/25/23 09/27/23 Purchase - Interest 43815QAC1 Purchase - Principal 362554AC1 Purchase - Principal 91282CBC4 Purchase - Interest 91282CBC4 Redemption - Principal 02582JKD1 Purchase - Interest 380144AD7 Purchase - Principal 380144AD7 Purchase - Interest 43815GAC3 Purchase - Principal 43815GAC3 Purchase - Interest 3137EAEX3 Purchase - Interest 4581X0DZ8 Purchase - Interest 3137HAD45 Purchase - Interest 3137HACX2 Purchase - Interest 3137F1G44 Purchase - Interest 3137BXQY1 Purchase - Interest 3137BTUM1 Purchase - Interest 3137BSP72 Purchase - Interest 3137BNGT5 Purchase - Interest 3137BGK24 Purchase - Interest 3136BQDE6 Purchase - Principal 3137HAD45 Purchase - Interest 91282CBC4 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 1,250.31 4,457.80 407,162.11 371.43 14,317.65 18,775.45 425,937.56 426,308.99 16,327.32 16,335.05 31,044.70 31,111.86 36,986.25 38,298.75 39,886.25 41,636.97 43,845.68 45,332.06 46,809.73 47,869.61 49,085.57 49,714.63 50,352.55 52,272.97 52,486.24 52,985.05 (409,981.67) 7.73 14,709.65 67.16 5,874.39 1,312.50 1,587.50 1,750.72 2,208.71 1,486.38 1,477.67 1,059.88 1,215.96 629.06 637.92 1,920.42 213.27 498.81 Page 36 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending September 30, 2023 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 09/27/23 09/28/23 09/28/23 09/28/23 09/28/23 09/29/23 09/27/23 09/28/23 09/28/23 09/28/23 09/28/23 10/02/23 Purchase - Principal 91282CBC4 Redemption - Principal 3137HAMS2 Redemption - Interest 3137HAMS2 IP Fees August 2023 1.00 1.00 1.00 1.00 1.00 1.00 497,492.19 (494,023.50) (1,800.00) (3,975.02) (247.23) 550,477.24 56,453.74 54,653.74 50,678.72 50,431.49 50,943.95 U.S. Bank Fees July 2023 Accrual Income Div Reinvestment - Distributions 512.46 Closing Balance 50,943.95 Month of Fiscal YTD September January-September Opening Balance Purchases Redemptions (Excl. Checks) Check Disbursements 50,055.18 2,105,312.85 (2,104,424.08) 0.00 46,870.41 33,220,485.40 (33,216,411.86) 0.00 Closing Balance Average Monthly Balance Monthly Distribution Yield 50,943.95 112,526.99 5.55% Closing Balance 50,943.95 50,943.95 Cash Dividends and Income 512.46 25,947.49 Page 37 Investment Performance Review CAMP Accounts City of Lake Elsinore Investment Performance Review For the Quarter Ended September 30, 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 September 30, 2023 CITY OF LAKE ELSINORE Market Update Current Market Themes ▸ The U.S. economy is characterized by: ▹ Stronger than expected growth, supported by a resilient consumer ▹ Inflation that remains stubbornly above the Federal Reserve’s (“Fed”) target range ▹ Continued creation of new jobs by the labor market, albeit at a moderating pace ▸ Fed pauses again in rate hike campaign ▹ After hiking in July, the Federal Reserve held rates steady at the September FOMC meeting as expected ▹ The Fed’s most recent “dot plot” indicated one more rate hike for 2023 and set the stage for interest rates to remain “higher-for-longer” ▹ Updated FOMC economic projections point to stronger GDP growth expectations, higher inflation, and slightly lower unemployment for the remainder of 2023 and into 2024 ▸ Interest rates reached their highest levels since 2006-7 ▹ The U.S. government rating downgrade by Fitch had little impact, although it highlighted growing worry about the erosion of governance standards and fiscal irresponsibility ▹ Treasury yields across the curve rose during Q3. Sticky inflation, a “higher for longer” market consensus, increased Treasury borrowing, and reduced Treasury holdings by China and Japan weighed especially on the long end of the curve ▹ The next concern is the annual federal budget process and potential for a government shutdown 1© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Market Update Inflation Gradually Falling, But Sensitive to Recently Rising Energy Prices Factors Contributing to the Consumer Price Index (CPI YoY) 10% 8% 6% 4% 2% 0% -2% Services (Ex Food & Energy)Goods (Ex Food & Energy)Food Energy Headline YoY% Aug-20 Nov-20 Feb-21 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22 Nov-22 Feb-23 May-23 Aug-23 Source: Bloomberg, as of August 2023. 2© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Market Update Personal Savings and Consumer Debt Have Returned to Pre-Pandemic Levels Personal Savings Household Debt Service Payments as a Percent of Disposable Personal IncomeAccumulated Excess Savings Drawdowns of Excess Savings 11% 10% 9% $8 $7 $6 $5 $4 $3 $2 $1 $0 Consumer debt levels have returned to longer-term historical averages after declining during the pandemic 9.85%9.83% Pre- pandemic trend 43-year low 8.31% 8% 2016 2017 2018 2019 2020 2021 2022 2023 Source: Bloomberg and New York Fed Household Debt and Credit Report. Data as of June 30, 2023. (Left chart) Source: Federal Reserve Bank of St. Louis. Data as of April 1, 2023. (Right chart) 3© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Market Update Wages Have Caught Up to Inflation Once Again Wage Growth vs. Inflation Year-over-year12% 10% 8% Atlanta Fed Wage Growth Tracker Consumer Price Index Labor Market Stats Unemployment Rate (Sept.)3.8% Peaked during COVID at 14.7% Inflation exceeds wage growth Excess Job Openings (Sept.)3 mil. For each unemployed worker, there are approximately 1.5 job openings6%Wage growth exceeds inflation 4%Nonfarm Payrolls (Sept.)336,000 Although the pace has declined, the economy continues to create jobs at a healthy pace2% 0% 2016 2017 2018 2019 2020 2021 2022 2023 Source: As of September 2023. St. Louis Federal Reserve Economic Data. Excess job openings refers to the difference in job openings, as reported by JOLTS, and the total number of unemployed workers as reported by the Bureau of Labor Statistics. 4© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Market Update GDP Remains Surprisingly Robust U.S. Real GDP 4% 3.0%2.7%2.6%3% 2% 2.2%2.1% 1% 0% Average economist forecast -1% -2% -3% -0.6% -2.0% 1Q '22 2Q '22 3Q '22 4Q '22 1Q '23 2Q '23 2Q ‘23 3Q '23 GDP Contributors 1Q ‘22 -2.0% 2Q ‘22 -0.6% 3Q ‘22 2.7% 4Q ‘22 2.6% 1Q ‘23 2.2%The U.S. Consumer has been the backbone of economic growth; historically being the largest contributor Real GDP 2.1% Personal Consumption Private Investment Net Exports 0.0% 1.2% -2.6% -0.5% 1.3% -2.1% 0.6% -0.3% 1.1% -1.5% 2.6% 0.6% 0.8% 0.6% 0.3% 0.9% 2.5% -1.7% 0.6% 0.8% 0.6% 0.9% 0.0% 0.6%Gov’t Expenditures Source: St. Louis Federal Reserve Economic Data, Bureau of Economic Analysis. Average economist forecast sourced from Bloomberg. 5© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Market Update The Fed’s Projections for Growth and Employment Were More Upbeat Change in Real GDP Unemployment Rate 6% 5% 4% 3% 2% 1% 0% 3% 2% 1% 0% June Projections 2.1% September Projections June Projections September Projections 4.1%4.1%4.0%4.0%3.8%1.8%1.8%1.8% 1.5% 2023 2024 2025 2026 Longer Run 2023 2024 2025 2026 Longer Run PCE Inflation Federal Funds Rate 5%June Projections September Projections 8% 6% 4% 2% 0% June Projections September Projections 4% 3% 2% 1% 0% 3.3%5.6%5.1% 2.5%2.2%3.9% 2.9% 2.0%2.0% 2.5% 2023 2024 2025 2026 Longer Run 2023 2024 2025 2026 Longer Run Source: Federal Reserve, latest economic projections as of September 2023. 6© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Market Update Interest Rates Are At Their Highest Levels Since 2006-07 U.S. Treasury Yield Curve 6.0% 5.45% 5.04% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 4.70%4.61%4.57% 15 Year Range September 30, 2023 June 30, 2023 3-Month 2-Year 5-Year 10-Year 30-YearMaturity Source: Bloomberg, as of September 30, 2023. 7© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% Bullet Callable Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Mortgage-Backed Securities Yield Spreads Asset-Backed Securities AAA Yield Spreads 1.5%1.0%Agency MBS Agency CMBS Index 0.8% 0.6% 0.4% 0.2% 0.0% 1.0% 0.5% 0.0%Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Source: ICE BofAML 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of September 30, 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 and represented by the ICE BofA Agency CMBS Index. 8© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Market Update Fixed-Income Markets in Q3 2023 1-5 Year Indices 1-5 Year Indices Quarterly Returns 10-Year Average 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% 2.5% 2.0% 1.5% 1.0% 2.17% 1.67% 1.41% 1.07% 0.87%0.83% 0.57%0.52% 0.5% 0.0% 0.30%0.23% Source: ICE BofAML Indices. ABS indices are 0-5 year, based on weighted average life. As of September 30, 2023. 9© PFM Asset Management LLC | pfmam.com Portfolio Review © PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Snapshot Portfolio Snapshot¹ Portfolio Statistics Sector Allocation Total Market Value Managed Account Sub-Total Accrued Interest $50,483,750.09 $50,158,301.78 $274,504.36 $50,943.95 U.S. Treasury | 42% Corporate | 22% ABS | 10%Pool Agency CMBS | 10% Federal Agency | 8% Municipal | 3% Supranational | 2% Negotiable CD | 2% JointPowers Authority | <1% Portfolio Effective Duration Benchmark Effective Duration Yield At Cost 2.49 years 2.50 years 3.18% Yield At Market 5.07% Portfolio Credit Quality AA Credit Quality - S&P Duration Distribution Portfolio 35% Benchmark 42% AAA | 13%50% 40% 30% 20% 10% 0% AAAm | <1% AA+ | 62% AA| 4% AA- | 4% A+ | 2% A| 4% A- | 8% BBB+ | 2% Not Rated | 2% 27% 22%21%18% 13%13% 6%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 September 30, 2023. Yield and duration calculations exclude balances invested in CAMP. The portfolio’s benchmark is the ICE BofA 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 September 30, 2023 CITY OF LAKE ELSINORE Account Summary Sector Allocation Analytics U.S. Treasury - $21,234,297 42.1% Federal Agency - $4,025,393 Agency CMBS - $5,187,688 Supranational - $1,101,128 Municipal - $1,447,614 Negotiable CD - $929,986 Corporate - $11,295,474 ABS - $5,211,226 8.0% 10.3% 2.2% 2.9% 1.8% 22.4% 10.3% Joint Powers Authority - $50,944 0.1% 0.0%20.0%40.0%60.0%80.0%100.0% Portf olio Allocation Sector Limit for Analysis* For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Compliance Certificate of Compliance During the reporting period for the quarter ended September 30, 2023, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM. Acknowledged : PFM Asset Management LLC Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM"). 12© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Managed Portfolio Activity Net Activity by Sector ($ millions) Sector Net Activity $3,345,545 $1,297,072 $283,402 Agency CMBS ABSAgency CMBS ABS Corporate Federal Agency U.S. Treasury Total Net Activity ($746,381) ($3,898,068) $281,570 Corporate Federal Agency U.S. Treasury ($6.0)($4.0)($2.0)$0.0 $2.0 $4.0 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 September 30, 2023 CITY OF LAKE ELSINORE Portfolio Characteristics Managed Portfolio Historical Sector Allocation 8%10% 22% 2% 3% 2% 4% 22% 2%3% 2% 9%10% 8% 50% 42% 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 September 30, 2023 CITY OF LAKE ELSINORE Portfolio Performance Portfolio Performance Portfolio Benchmark 3.0% 2.0% 1.0% 0.0% -1.0% -2.0%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 $287,083 ($164,434) $122,649 $855,343 $37,262 $1,752,423 ($3,031,213) ($1,278,790) $3,339,992 ($890,195) $2,449,797 $5,678,402 ($1,644,439) $4,033,963$892,605 Portfolio 0.24% 0.23% 0.01% 2.49% 2.12% 0.37% -1.49% -1.76% 0.27% 1.17% 0.93% 0.23% 1.11% 0.83% 0.28% 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 BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg. 15© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 | 0.03% Federal Agency | 0.08% Agency CMBS | -0.05% Supranational | 0.03% Municipal | 0.02% Negotiable CD | 0.03% Commercial Paper | <0.01% Corporate | 0.05% ABS | 0.06% 0.45%Cash | 0.02%-0.40%U.S. Treasury Federal Agency Agency CMBS Supranational Municipal 0.10% 0.83%0.40% 0.30% 0.20% 0.10% 0.00% -0.10% -0.84% 1.72 0.10% 1.12% 0.41% 0.28% 1.38% 0.06%Negotiable CD Commercial Paper Corporate 0.00% 0.00% 0.74% 0.93% -0.49% -0.18%ABS 18.02% Cash 0.00% -4.0%0.8%5.6%10.4%15.2%20.0% 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 September 30, 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$287,083 ($209,864) $109,325 $186,543 $855,343 ($620,052) $372,111 $607,403 $1,752,423 ($540,043) $236,220 $3,339,992 $31,670 $5,678,402 $89,032Realized Gains / (Losses)³ Change in Amortized Cost Total Earnings $306,519 $3,678,181 $89,933 $1,448,600 $5,857,366 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 September 30, 2023 CITY OF LAKE ELSINORE Market Update Fixed-Income Sector Outlook – 4Q 2023 Sector Our Investment Preferences C O M M E R C I A L PA P 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 AT I O N A L S C O R P O R AT 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 PA 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 September 30, 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 1.8%42.1%Negotiable CD UNITED STATES TREASURY 42.1%AA / Aaa / AA TORONTO-DOMINION BANK 0.9%A / A / NR Federal Agency 8.0%Corporate 22.4% FANNIE MAE 3.1% 0.9% 4.0% 10.3% AA / Aaa / AA AA / Aaa / NR AA / Aaa / AA ABBOTT LABORATORIES AMAZON.COM INC 0.4% 0.9% 0.7% 0.8% 1.4% 0.9% 0.9% 0.4% 0.7% 0.4% 0.8% 0.1% 0.4% 0.7% 0.4% 0.8% 0.0% 0.4% 0.9% 0.1% 1.4% 0.8% 1.4% 0.7% AA / Aa / NR AA / A / AA BBB / A / A A / A / A FEDERAL HOME LOAN BANKS FREDDIE MAC AMERICAN EXPRESS CO AMERICAN HONDA FINANCE APPLE INC Agency CMBS AA / Aaa / NR A / A / AA AA / Aa / A A / A / NR A / A / NR A / A / A FANNIE MAE FREDDIE MAC Supranational 1.0% 9.2% 2.2% AA / Aaa / AA AA / Aaa / AA BANK OF AMERICA CO BERKSHIRE HATHAWAY INC BMW FINANCIAL SERVICES NA LLC BRISTOL-MYERS SQUIBB CO CATERPILLAR INC INTER-AMERICAN DEVELOPMENT BANK INTL BANK OF RECONSTRUCTION AND DEV Municipal 1.2% 1.0% 2.9% AAA / Aaa / AAA AAA / Aaa / AAA CHARLES SCHWAB A / A / A CALIFORNIA STATE UNIVERSITY 0.2% 0.2% AA / Aa / NR AA / Aa / NR CINTAS CORPORATION NO. 2 CITIGROUP INC A / A / NR BBB / A / A A / A / A CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT DEERE & COMPANYFLORIDA STATE BOARD OF ADMIN FIN CORP 0.6% 0.3% AA / Aa / AA GENERAL DYNAMICS CORP GOLDMAN SACHS GROUP INC HOME DEPOT INC A / A / NR BBB / A / A A / A / A 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 A / A / A JP MORGAN CHASE & CO LOCKHEED MARTIN CORP MICROSOFT CORP STATE OF CONNECTICUT STATE OF MINNESOTA AAA / Aaa / NR A / A / AUNIVERSITY OF CALIFORNIA Negotiable CD MORGAN STANLEY NATIONAL AUSTRALIA BANK LTD AA / Aa / NR A / A / ANORDEA BANK ABP 0.9%AA / Aa / AA NATIONAL RURAL UTILITIES CO FINANCE CORP 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 September 30, 2023 CITY OF LAKE ELSINORE Portfolio Summary Issuer Diversification Security Type / Issuer Corporate Market Value (%) S&P / Moody's / Fitch Security Type / Issuer Market Value (%) S&P / Moody's / Fitch 10.3%22.4%ABS PACCAR FINANCIAL CORP PNC FINANCIAL SERVICES GROUP ROCHE HOLDINGS INC TARGET CORP 0.3% 0.8% 0.8% 0.1% 0.2% 1.3% A / A / NR A / A / A TOYOTA MOTOR CORP 0.8%AAA / NR / AAA Total 100.0% AA / Aa / AA A / A / A TEXAS INSTRUMENTS INC A / Aa / NR A / A / AATHE BANK OF NEW YORK MELLON CORPORATION THE WALT DISNEY CORPORATION TOYOTA MOTOR CORP UNITEDHEALTH GROUP INC USAA CAPITAL CORP ABS 0.8% 0.7% 0.4% 0.4% 10.3% A / A / A A / A / A A / A / A AA / Aa / NR AMERICAN EXPRESS CO 1.2% 0.3% 1.4% 0.5% 0.8% 1.7% 0.7% 0.3% 0.7% AAA / NR / AAA AAA / NR / AAA AAA / NR / AAA AAA / NR / AAA AAA / NR / AAA AAA / Aaa / AAA AAA / Aaa / NR AAA / NR / AAA AAA / Aaa / AAA BANK OF AMERICA CO CAPITAL ONE FINANCIAL CORP CARMAX AUTO OWNER TRUST CHASE ISSURANCE DISCOVER FINANCIAL SERVICES FIFTH THIRD AUTO TRUST FORD CREDIT AUTO OWNER TRUST GM FINANCIAL CONSUMER AUTOMOBILE TRUST GM FINANCIAL LEASINGTRUST HARLEY-DAVIDSON MOTORCYCLE TRUST HONDA AUTO RECEIVABLES 0.0% 0.3% 0.8% 0.2% 0.6% AAA / NR / AAA NR / Aaa / AAA AAA / Aaa / AAA AAA / NR / AAA AAA / Aaa / NR HYUNDAI AUTO RECEIVABLES NISSAN AUTO RECEIVABLES 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 September 30, 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 ($)CUSIP Security Description Coupon BUY 7/3/2023 7/7/2023 600,000.00 550,000.00 550,000.00 440,000.00 375,000.00 320,000.00 350,000.00 550,000.00 800,000.00 405,000.00 410,000.00 500,000.00 5,850,000.00 91282CFB2 3137HACX2 3136BQDE6 3137HAD45 24422EXB0 43815QAC1 31680EAD3 3137BXQY1 3137HAMH6 161571HT4 02582JKD1 3137HAMS2 US TREASURY N/B NOTES FHMS K505 A2 2.75% 4.81% 4.19% 4.77% 4.95% 5.41% 5.53% 3.22% 4.65% 5.16% 5.23% 4.80% 7/31/2027 6/1/2028 7/1/2028 6/1/2028 7/14/2028 2/18/2028 8/15/2028 3/1/2027 8/1/2028 9/15/2028 9/15/2028 9/1/2028 572,796.71 556,892.25 542,596.20 441,507.02 378,432.19 319,934.02 349,978.30 519,642.03 789,508.93 404,887.73 409,981.67 495,823.50 5,781,980.55 4.30% 4.59% 4.58% 4.78% 4.78% 5.42% 5.53% 4.98% 4.99% 5.17% 5.23% 5.07% 7/13/2023 7/18/2023 7/19/2023 7/21/2023 8/15/2023 8/15/2023 8/16/2023 9/7/2023 7/20/2023 7/31/2023 7/27/2023 7/25/2023 8/22/2023 8/23/2023 8/18/2023 9/14/2023 9/15/2023 9/19/2023 9/28/2023 FNA 2023-M6 A2 FHMS KJ46 A1 JOHN DEERE CAPITAL CORP CORPORATE NOTES HAROT 2023-3 A3 FITAT 2023-1 A3 FHMS K064 A2 FHMS K506 A2 9/7/2023 CHAIT 2023-A1 A 9/12/2023 9/20/2023 AMXCA 2023-3 A FHMS K507 A2 Total BUY INTEREST 7/1/2023 0.00 7/1/2023 7/1/2023 7/25/2023 60,000.00 310,000.00 250,000.00 20772KJW0 341271AD6 3137BGK24 CT ST TXBL GO BONDS 1.99% 1.25% 3.06% 7/1/2024 7/1/2025 12/1/2024 599.40 1,949.90 637.92 7/1/2023 FL ST BOARD OF ADMIN TXBL REV BONDS FHMS K043 A27/1/2023 21© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 7/1/2023 7/25/2023 7/25/2023 7/25/2023 7/25/2023 7/8/2023 275,000.00 550,000.00 380,000.00 550,000.00 400,000.00 225,000.00 375,000.00 210,000.00 224,608.57 130,000.00 140,000.00 80,000.00 3137BNGT5 3137F1G44 3137BTUM1 3137BSP72 38141EC23 14913R2U0 89236TKQ7 14318MAD1 89190GAC1 344928AD8 65480JAC4 44935FAD6 14314QAC8 254683CZ6 87612EBM7 891940AC2 254683CY9 FHMS K054 A2 2.74% 3.24% 3.34% 2.65% 3.85% 1.70% 4.62% 3.97% 0.26% 4.65% 4.46% 0.74% 0.52% 4.93% 1.95% 4.63% 4.31% 1/1/2026 629.06 7/1/2023 FHLMC MULTIFAMILY STRUCTURED P FHMS K061 A2 4/1/2027 1,486.38 1,059.88 1,215.96 7,700.00 1,912.50 8,671.88 694.75 48.67 7/1/2023 11/1/2026 8/1/20267/1/2023 FHMS K058 A2 7/8/2023 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS CATERPILLAR FINL SERVICE CORPORATE NOTES TOYOTA MOTOR CREDIT CORP CORPORATE NOTES CARMX 2022-3 A3 7/8/2024 7/8/2023 7/8/2023 1/8/2027 7/12/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/12/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 1/12/2028 4/15/2027 11/17/2025 2/15/2028 5/17/2027 5/15/2026 2/17/2026 6/15/2028 1/15/2027 9/15/2027 3/15/2028 TAOT 2021-B A3 FORDO 2023-A A3 503.75 520.33 49.33 NAROT 2022-B A3 HART 2021-C A3 72,749.48 CARMX 2021-2 A3 31.52 350,000.00 40,000.00 DCENT 2023-A2 A 814.82 390.00 945.29 1,149.33 TARGET CORP CORP NOTES (CALLABLE) TAOT 2023-A A3245,000.00 320,000.00 DCENT 2023-A1 A 22© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/16/2023 7/16/2023 7/20/2023 7/21/2023 7/21/2023 7/23/2023 7/26/2023 7/27/2023 7/31/2023 7/31/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/16/2023 7/16/2023 7/20/2023 7/21/2023 7/21/2023 7/23/2023 7/26/2023 7/27/2023 7/31/2023 7/31/2023 222,479.99 190,000.00 44,391.84 65480BAC1 02582JJZ4 44933LAC7 41285JAD0 254683CP8 14041NGB1 14041NGD7 362554AC1 36265QAD8 380144AD7 43815GAC3 3137EAEU9 693475AV7 06406RBA4 459200KS9 91282CCP4 91282CFB2 NAROT 2021-A A3 0.33% 4.87% 0.38% 5.05% 0.58% 4.95% 4.42% 0.68% 4.82% 0.41% 0.88% 0.37% 3.50% 2.05% 4.00% 0.62% 2.75% 10/15/2025 5/15/2028 9/15/2025 12/15/2027 9/15/2026 10/15/2027 5/15/2028 9/16/2026 8/16/2027 5/20/2025 1/21/2026 7/21/2025 1/23/2024 1/26/2027 7/27/2025 7/31/2026 7/31/2027 61.18 AMXCA 2023-1 A 796.79 14.06HART 2021-A A3 170,000.00 195,000.00 245,000.00 490,000.00 85,000.00 HDMOT 2023-A A3 715.42 DCENT 2021-A1 A1 94.25 COMET 2022-A3 A 1,010.63 3,068.22 48.17 COMET 2023-A1 A GMCAR 2021-4 A3 275,000.00 35,000.00 GMCAR 2022-4 A3 1,104.58 11.96GMALT 2021-2 A4 100,000.00 425,000.00 400,000.00 475,000.00 225,000.00 3,800,000.00 2,600,000.00 HAROT 2021-4 A3 73.33 FREDDIE MAC NOTES PNC BANK NA CORP NOTES (CALLABLE) BANK OF NY MELLON CORP (CALLABLE) CORPOR IBM CORP CORPORATE NOTES US TREASURY N/B NOTES US TREASURY N/B NOTES 796.88 7,000.00 4,868.75 4,500.00 11,875.00 35,750.00 23© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 7/31/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/6/2023 8/6/2023 8/7/2023 7/31/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/1/2023 8/25/2023 8/25/2023 8/25/2023 8/25/2023 8/25/2023 8/25/2023 8/25/2023 8/25/2023 8/6/2023 8/6/2023 8/7/2023 1,750,000.00 140,000.00 130,000.00 100,000.00 225,000.00 100,000.00 380,000.00 550,000.00 550,000.00 550,000.00 250,000.00 440,000.00 550,000.00 275,000.00 175,000.00 750,000.00 350,000.00 91282CDV0 54438CYK2 798306WP7 60412AVJ9 06051GFS3 157411TK5 3137BTUM1 3137BSP72 3137F1G44 3137HACX2 3137BGK24 3137HAD45 3136BQDE6 3137BNGT5 69371RQ66 594918BY9 637432NP6 US TREASURY N/B NOTES LOS ANGELES CCD, CA TXBL GO BONDS SAN JUAN USD, CA TXBL GO BONDS MN ST TXBL GO BONDS 0.87% 0.77% 0.85% 0.63% 3.87% 2.10% 3.34% 2.65% 3.24% 4.81% 3.06% 4.77% 4.19% 2.74% 1.80% 3.30% 3.40% 1/31/2024 8/1/2025 8/1/2025 8/1/2025 8/1/2025 8/1/2024 11/1/2026 8/1/2026 4/1/2027 6/1/2028 12/1/2024 6/1/2028 7/1/2028 1/1/2026 2/6/2025 2/6/2027 2/7/2028 7,656.25 541.10 553.80 315.00 BANK OF AMERICA CORP NOTES CHAFFEY UHSD, CA TXBL GO BONDS FHMS K061 A2 4,359.38 1,050.50 1,059.88 1,215.96 1,486.38 2,208.71 637.92 FHMS K058 A2 FHLMC MULTIFAMILY STRUCTURED P FHMS K505 A2 FHMS K043 A2 FHMS KJ46 A1 1,751.57 1,920.42 629.06 FNA 2023-M6 A2 FHMS K054 A2 PACCAR FINANCIAL CORP CORPORATE NOTES MICROSOFT CORP CORP NOTES (CALLABLE) NATIONAL RURAL UTIL COOP CORP NOTES (CAL 1,575.00 12,375.00 5,950.00 24© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 8/12/2023 8/12/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/12/2023 8/12/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 175,000.00 70,000.00 05565EBW4 05565EBU8 254683CP8 41285JAD0 44935FAD6 14041NGB1 65480JAC4 882508BV5 254683CY9 65480BAC1 254683CZ6 14318MAD1 89190GAC1 344928AD8 14041NGD7 02582JJZ4 891940AC2 BMW US CAPITAL LLC (CALLABLE) CORPORATE BMW US CAPITAL LLC CORPORATE NOTES DCENT 2021-A1 A1 1.25% 0.75% 0.58% 5.05% 0.74% 4.95% 4.46% 4.60% 4.31% 0.33% 4.93% 3.97% 0.26% 4.65% 4.42% 4.87% 4.63% 8/12/2026 8/12/2024 9/15/2026 12/15/2027 5/15/2026 10/15/2027 5/17/2027 2/15/2028 3/15/2028 10/15/2025 6/15/2028 4/15/2027 11/17/2025 2/15/2028 5/15/2028 5/15/2028 9/15/2027 1,093.75 262.50 94.25195,000.00 170,000.00 78,227.49 HDMOT 2023-A A3 715.42 48.24HART 2021-C A3 245,000.00 140,000.00 85,000.00 COMET 2022-A3 A 1,010.63 520.33 1,955.00 1,149.33 56.63 NAROT 2022-B A3 TEXAS INSTRUMENTS INC CORP NOTE (CALLABL DCENT 2023-A1 A320,000.00 205,927.99 350,000.00 210,000.00 207,937.59 130,000.00 490,000.00 190,000.00 245,000.00 NAROT 2021-A A3 DCENT 2023-A2 A 1,437.92 694.75 45.05 CARMX 2022-3 A3 TAOT 2021-B A3 FORDO 2023-A A3 503.75 1,804.83 771.08 945.29 COMET 2023-A1 A AMXCA 2023-1 A TAOT 2023-A A3 25© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 8/15/2023 8/15/2023 8/15/2023 8/16/2023 8/16/2023 8/20/2023 8/20/2023 8/21/2023 8/24/2023 8/25/2023 8/30/2023 9/1/2023 8/15/2023 8/15/2023 8/15/2023 8/16/2023 8/16/2023 8/20/2023 8/20/2023 8/21/2023 8/24/2023 8/25/2023 8/30/2023 9/1/2023 170,000.00 40,296.85 67,628.11 275,000.00 82,127.25 375,000.00 35,000.00 97,490.23 175,000.00 350,000.00 400,000.00 200,000.00 250,000.00 439,787.86 550,000.00 550,000.00 275,000.00 05522RDG0 44933LAC7 14314QAC8 36265QAD8 362554AC1 110122DE5 380144AD7 43815GAC3 46647PCV6 3135G05X7 254687FK7 13063D3N6 3137BGK24 3137HAD45 3137HACX2 3137F1G44 3137BNGT5 BACCT 2023-A1 A1 4.79% 0.38% 0.52% 4.82% 0.68% 3.90% 0.41% 0.88% 2.59% 0.37% 1.75% 4.84% 3.06% 4.77% 4.81% 3.24% 2.74% 5/15/2028 9/15/2025 2/17/2026 8/16/2027 9/16/2026 2/20/2028 5/20/2025 1/21/2026 2/24/2026 8/25/2025 8/30/2024 3/1/2027 1,334.55 12.76HART 2021-A A3 CARMX 2021-2 A3 29.31 GMCAR 2022-4 A3 1,104.58 46.54GMCAR 2021-4 A3 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL GMALT 2021-2 A4 7,312.50 11.96 HAROT 2021-4 A3 71.49 JPMORGAN CHASE & CO CORP NOTES (CALLABLE FANNIE MAE NOTES 2,270.63 656.25 3,500.00 4,469.09 637.92 1,750.72 2,208.71 1,486.38 629.06 WALT DISNEY COMPANY/THE (CALLABLE) CA ST MUNICIPAL BONDS FHMS K043 A29/1/2023 9/25/2023 9/25/2023 9/25/2023 9/25/2023 9/25/2023 12/1/2024 6/1/20289/1/2023 FHMS KJ46 A1 9/1/2023 FHMS K505 A2 6/1/2028 9/1/2023 FHLMC MULTIFAMILY STRUCTURED P FHMS K054 A2 4/1/2027 9/1/2023 1/1/2026 26© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 9/1/2023 9/1/2023 9/1/2023 9/1/2023 9/4/2023 9/4/2023 9/4/2023 9/10/2023 9/12/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/25/2023 9/25/2023 9/25/2023 9/25/2023 9/4/2023 380,000.00 550,000.00 550,000.00 550,000.00 150,000.00 80,000.00 3137BTUM1 3136BQDE6 3137BSP72 3137BXQY1 3130AK5E2 025816CQ0 025816CS6 771196BT8 037833DB3 44933LAC7 14041NGD7 344928AD8 02582JJZ4 31680EAD3 084664CZ2 41285JAD0 254683CZ6 FHMS K061 A2 3.34% 4.19% 2.65% 3.22% 0.37% 2.25% 2.55% 2.13% 2.90% 0.38% 4.42% 4.65% 4.87% 5.53% 2.30% 5.05% 4.93% 11/1/2026 7/1/2028 1,059.88 1,920.42 1,215.96 1,477.67 281.25 FNA 2023-M6 A2 FHMS K058 A2 8/1/2026 FHMS K064 A2 3/1/2027 FEDERAL HOME LOAN BANK NOTES AMERICAN EXPRESS CO CORP NOTES (CALLABLE AMERICAN EXPRESS CO CORP NOTES (CALLABLE ROCHE HOLDINGS INC (CALLABLE) CORPORATE APPLE INC (CALLABLE) BONDS HART 2021-A A3 9/4/2025 9/4/2023 3/4/2025 900.00 9/4/2023 300,000.00 410,000.00 775,000.00 36,416.89 3/4/2027 3,825.00 4,370.60 11,237.50 11.53 9/10/2023 9/12/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 3/10/2025 9/12/2027 9/15/2025 5/15/2028 2/15/2028 5/15/2028 8/15/2028 3/15/2027 12/15/2027 6/15/2028 490,000.00 130,000.00 190,000.00 350,000.00 475,000.00 170,000.00 350,000.00 COMET 2023-A1 A 1,804.83 503.75FORDO 2023-A A3 AMXCA 2023-1 A 771.08 FITAT 2023-1 A3 1,182.81 5,462.50 715.42 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) HDMOT 2023-A A3 DCENT 2023-A2 A 1,437.92 27© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/16/2023 9/16/2023 9/18/2023 9/18/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/16/2023 9/16/2023 9/18/2023 9/18/2023 325,000.00 245,000.00 62,788.50 650036DT0 891940AC2 14314QAC8 254683CY9 05522RDG0 002824BM1 89190GAC1 14041NGB1 65480BAC1 14318MAD1 254683CP8 44935FAD6 65480JAC4 36265QAD8 362554AC1 43815QAC1 808513BN4 NY ST URBAN DEV CORP TXBL REV BONDS TAOT 2023-A A3 0.87% 4.63% 0.52% 4.31% 4.79% 3.87% 0.26% 4.95% 0.33% 3.97% 0.58% 0.74% 4.46% 4.82% 0.68% 5.41% 0.75% 3/15/2025 9/15/2027 2/17/2026 3/15/2028 5/15/2028 9/15/2025 11/17/2025 10/15/2027 10/15/2025 4/15/2027 9/15/2026 5/15/2026 5/17/2027 8/16/2027 9/16/2026 2/18/2028 3/18/2024 1,413.75 945.29 27.21CARMX 2021-2 A3 320,000.00 170,000.00 225,000.00 192,217.77 245,000.00 190,326.75 210,000.00 195,000.00 73,374.84 DCENT 2023-A1 A 1,149.33 678.58 4,359.38 41.65 BACCT 2023-A1 A1 ABBOTT LABORATORIES CORPORATE NOTES (CAL TAOT 2021-B A3 COMET 2022-A3 A 1,010.63 52.34NAROT 2021-A A3 CARMX 2022-3 A3 694.75 94.25DCENT 2021-A1 A1 HART 2021-C A3 45.25 140,000.00 275,000.00 77,749.47 NAROT 2022-B A3 520.33 1,104.58 44.06 GMCAR 2022-4 A3 GMCAR 2021-4 A3 320,000.00 105,000.00 HAROT 2023-3 A3 1,250.31 393.75CHARLES SCHWAB CORP NOTES (CALLABLE) 28© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 9/20/2023 9/21/2023 9/23/2023 9/23/2023 9/20/2023 9/21/2023 9/23/2023 9/23/2023 22,615.32 91,588.31 380144AD7 43815GAC3 4581X0DZ8 3137EAEX3 GMALT 2021-2 A4 0.41% 0.88% 0.50% 0.37% 5/20/2025 1/21/2026 9/23/2024 9/23/2025 7.73 HAROT 2021-4 A3 67.16 1,587.50635,000.00 700,000.00 41,025,731.10 INTER-AMERICAN DEVEL BK NOTES FREDDIE MAC NOTES 1,312.50 Total INTEREST MATURITY 243,705.47 0.00 9/8/2023 9/8/2023 250,000.00 3137EAEW5 FREDDIE MAC NOTES 0.25%9/8/2023 250,312.50 Total MATURITY PAYDOWNS 250,000.00 250,312.50 0.00 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/16/2023 7/21/2023 8/1/2023 7/15/2023 4,094.99 16,552.00 16,670.98 5,121.37 1,772.51 2,872.75 2,509.77 212.14 44933LAC7 65480BAC1 89190GAC1 14314QAC8 44935FAD6 362554AC1 43815GAC3 3137HAD45 HART 2021-A A3 NAROT 2021-A A3 TAOT 2021-B A3 CARMX 2021-2 A3 HART 2021-C A3 GMCAR 2021-4 A3 HAROT 2021-4 A3 FHMS KJ46 A1 0.38% 0.33% 0.26% 0.52% 0.74% 0.68% 0.88% 4.77% 9/15/2025 10/15/2025 11/17/2025 2/17/2026 5/15/2026 9/16/2026 1/21/2026 6/1/2028 4,094.99 16,552.00 16,670.98 5,121.37 1,772.51 2,872.75 2,509.77 212.14 7/15/2023 7/15/2023 7/15/2023 7/15/2023 7/16/2023 7/21/2023 8/25/2023 29© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/16/2023 8/20/2023 8/21/2023 9/1/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/15/2023 8/16/2023 8/20/2023 8/21/2023 9/25/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/16/2023 9/20/2023 15,719.82 4,852.65 3,879.96 15,601.24 4,839.61 4,377.78 12,384.68 5,901.92 213.27 89190GAC1 44935FAD6 44933LAC7 65480BAC1 14314QAC8 362554AC1 380144AD7 43815GAC3 3137HAD45 14314QAC8 89190GAC1 44935FAD6 44933LAC7 65480BAC1 362554AC1 380144AD7 TAOT 2021-B A3 HART 2021-C A3 HART 2021-A A3 NAROT 2021-A A3 CARMX 2021-2 A3 GMCAR 2021-4 A3 GMALT 2021-2 A4 HAROT 2021-4 A3 FHMS KJ46 A1 0.26% 0.74% 0.38% 0.33% 0.52% 0.68% 0.41% 0.88% 4.77% 0.52% 0.26% 0.74% 0.38% 0.33% 0.68% 0.41% 11/17/2025 5/15/2026 9/15/2025 10/15/2025 2/17/2026 9/16/2026 5/20/2025 1/21/2026 6/1/2028 15,719.82 4,852.65 3,879.96 15,601.24 4,839.61 4,377.78 12,384.68 5,901.92 213.27 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/15/2023 9/16/2023 9/20/2023 5,154.12 16,156.71 4,825.45 3,833.43 15,546.14 4,457.80 14,709.65 CARMX 2021-2 A3 TAOT 2021-B A3 HART 2021-C A3 HART 2021-A A3 NAROT 2021-A A3 GMCAR 2021-4 A3 GMALT 2021-2 A4 2/17/2026 11/17/2025 5/15/2026 9/15/2025 10/15/2025 9/16/2026 5/20/2025 5,154.12 16,156.71 4,825.45 3,833.43 15,546.14 4,457.80 14,709.65 30© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 9/21/2023 9/21/2023 5,874.39 43815GAC3 HAROT 2021-4 A3 0.88%1/21/2026 5,874.39 Total PAYDOWNS SELL 188,135.13 188,135.13 0.00 7/3/2023 7/7/2023 225,000.00 275,000.00 350,000.00 150,000.00 125,000.00 550,000.00 300,000.00 100,000.00 300,000.00 325,000.00 275,000.00 325,000.00 200,000.00 500,000.00 3137EAEW5 3137EAEW5 91282CBC4 91282CBC4 91282CBC4 91282CDV0 91282CDV0 24422EVU0 91282CDV0 91282CBC4 91282CBC4 91282CDV0 91282CDV0 91282CDV0 FREDDIE MAC NOTES 0.25% 0.25% 0.37% 0.37% 0.37% 0.87% 0.87% 0.62% 0.87% 0.37% 0.37% 0.87% 0.87% 0.87% 9/8/2023 223,230.69 272,837.50 317,737.34 136,173.15 113,477.63 539,930.00 294,537.96 95,030.38 -1,957.61 -2,384.55 -29,575.68 -12,247.04 -10,955.75 -1,884.44 -1,034.62 -5,179.51 -1,098.19 -29,963.60 -24,645.99 -1,060.27 -652.48 7/3/2023 7/7/2023 FREDDIE MAC NOTES 9/8/2023 7/13/2023 7/13/2023 7/13/2023 7/18/2023 7/19/2023 7/21/2023 7/21/2023 8/15/2023 8/15/2023 8/16/2023 8/16/2023 9/7/2023 7/20/2023 7/20/2023 7/20/2023 7/25/2023 7/26/2023 7/25/2023 7/25/2023 8/22/2023 8/22/2023 8/18/2023 8/18/2023 9/14/2023 US TREASURY NOTES 12/31/2025 12/31/2025 12/31/2025 1/31/2024 1/31/2024 9/10/2024 1/31/2024 12/31/2025 12/31/2025 1/31/2024 1/31/2024 1/31/2024 US TREASURY NOTES US TREASURY NOTES US TREASURY N/B NOTES US TREASURY N/B NOTES JOHN DEERE CAPITAL CORP CORPORATE NOTES US TREASURY N/B NOTES US TREASURY NOTES 294,436.96 293,729.24 248,540.12 318,651.80 196,093.41 492,097.49 US TREASURY NOTES US TREASURY N/B NOTES US TREASURY N/B NOTES US TREASURY N/B NOTES -1,446.24 31© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon SELL 9/8/2023 9/15/2023 9/19/2023 9/27/2023 9/27/2023 325,000.00 450,000.00 100,000.00 450,000.00 5,325,000.00 91282CDV0 91282CBC4 91282CBC4 91282CBC4 US TREASURY N/B NOTES US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES 0.87% 0.37% 0.37% 0.37% 1/31/2024 12/31/2025 12/31/2025 12/31/2025 319,934.57 407,533.54 90,543.82 -909.27 9/12/2023 9/20/2023 9/20/2023 Total SELL -39,730.98 -8,863.07 407,447.18 5,061,962.78 -36,275.07 -209,864.36 32© PFM Asset Management LLC | pfmam.com Portfolio Holdings © PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 91282CBC4 91282CBC4 91282CBW0 91282CBW0 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 912828U24 912828U24 400,000.00 400,000.00 150,000.00 400,000.00 200,000.00 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 384,750.00 4.68 427,531.25 0.18 147,093.75 0.72 387,968.75 1.13 194,539.06 1.05 71,458.01 1.92 926,843.75 1.33 690,468.75 2.74 179,007.81 3.53 819,562.50 3.04 732,343.75 2.84 819,035.16 2.94 226,250.00 3.03 1,954,066.41 3.92 907,092.77 3.96 589.67 395,091.03 407,829.36 148,801.43 393,344.76 197,042.89 72,827.76 394,062.48 382,625.00 137,835.93 361,500.00 180,750.00 67,558.59 US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 8/5/2020 4/1/2021 8/7/2020 4/5/2021 1,769.02 94.77US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025 12/2/2021 12/6/2021 11/2/2021 11/4/2021 2/10/2022 2/14/2022 379.07 189.54 235.39 2,981.66 789.74 210.60 947.69 842.39 947.69 263.25 15,864.13 7,365.49 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 950,000.00 750,000.00 200,000.00 900,000.00 800,000.00 900,000.00 250,000.00 2,100,000.00 975,000.00 1/4/2022 8/1/2022 9/1/2022 1/6/2022 8/4/2022 9/6/2022 936,150.36 707,752.02 184,757.08 842,481.07 752,859.46 844,777.28 234,135.98 1,984,287.54 920,009.12 855,742.14 667,500.00 178,000.00 801,000.00 712,000.00 801,000.00 222,500.00 1,931,343.75 896,695.31 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 8/8/2022 8/15/2022 US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026 7/5/2022 6/2/2022 5/3/2022 7/8/2022 6/6/2022 5/5/2022 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 12/5/2022 12/7/2022 US TREASURY NOTES 1/4/2023 1/6/2023 DTD 11/15/2016 2.000% 11/15/2026 33© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 NOTES DTD 11/15/2016 2.000% 11/15/2026 912828U24 912828U24 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 250,000.00 9,500,000.00 1,200,000.00 600,000.00 AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa 11/1/2022 11/4/2022 1/13/2023 1/17/2023 1/31/2023 2/3/2023 228,144.53 4.39 8,922,578.13 3.72 1,155,421.88 3.70 565,640.63 4.30 746,531.25 4.44 362,329.10 3.62 786,779.30 3.97 21,635,436.54 3.44 1,888.59 71,766.30 13,809.78 2,779.89 233,059.04 9,028,727.93 1,162,337.68 567,630.47 229,921.88 8,737,031.25 1,122,187.44 558,937.50 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 DTD 07/31/2022 2.750% 07/31/2027 7/3/2023 3/2/2023 5/1/2023 6/2/2023 7/7/2023 3/6/2023 5/5/2023 6/6/2023 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 800,000.00 3,706.52 753,480.86 745,250.00 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 375,000.00 1,737.43 363,548.72 349,335.94 US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027 825,000.00 3,822.35 789,729.05 768,539.06 Security Type Sub-Total Supranational 23,000,000.00 132,980.96 21,920,660.89 21,101,316.27 INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023 459058JM6 4581X0DZ8 500,000.00 635,000.00 AAA AAA Aaa 11/17/2020 11/24/2020 498,925.00 0.32 634,530.10 0.52 1,133,455.10 0.43 440.97 70.56 499,946.99 634,846.51 496,250.00 604,366.33INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 Aaa 9/15/2021 9/23/2021 1,135,000.00 511.53 1,134,793.50 1,100,616.33Security Type Sub-Total 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 23,450.00 10,230.50 33,680.50 450,000.00 450,000.00 900,000.00 449,850.11 446,455.35 896,305.46 NORDEA BANK ABP NEW YORK CERT 65558UYF3 DEPOS DTD 11/03/2022 5.530% 11/03/2025 AA-Aa3 Security Type Sub-Total 34© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 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 60,000.00 100,000.00 325,000.00 58,493.40 97,269.00 302,487.25 CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 DTD 12/05/2019 2.101% 08/01/2024 350.17 125.67NY 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 AA AA Aa2 Aa3 7/10/2020 7/16/2020 9/3/2020 9/16/2020 85,000.00 0.88 160,000.00 1.26 283.54 503.20 85,000.00 79,293.10 FL ST BOARD OF ADMIN TXBL REV BONDS 160,000.00 160,000.00 148,702.40 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 85,000.00 65,000.00 AA AA Aa3 Aa3 9/3/2020 9/16/2020 9/3/2020 9/16/2020 85,563.55 1.12 65,459.55 1.11 267.32 204.42 85,205.89 65,167.90 78,998.15 60,410.35FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 SAN JUAN USD, CA TXBL GO BONDS 798306WP7 DTD 10/29/2020 0.852% 08/01/2025 130,000.00 140,000.00 NR Aa2 10/16/2020 10/29/2020 Aaa 10/30/2020 11/10/2020 130,000.00 0.85 140,000.00 0.77 184.60 180.37 130,000.00 140,000.00 120,195.40 129,381.00LOS ANGELES CCD, CA TXBL GO BONDS 54438CYK2 AA+ DTD 11/10/2020 0.773% 08/01/2025 MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025 60412AVJ9 13077DQD7 13063D3N6 100,000.00 85,000.00 AAA AA- AA- Aaa Aa2 Aa2 8/11/2020 8/25/2020 7/9/2021 7/29/2021 3/9/2023 3/15/2023 100,000.00 0.63 85,000.00 0.86 105.00 305.29 100,000.00 85,000.00 92,045.00 77,511.50CA 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 200,000.00 1,535,000.00 200,000.00 4.85 1,536,023.10 1.59 807.67 200,000.00 1,535,373.79 199,210.00 1,443,996.553,616.95Security Type Sub-Total 35© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 Joint Powers Authority CAMP Pool 50,943.95 AAAm NR 50,943.95 50,943.95 0.00 50,943.95 50,943.95 50,943.95 0.00 50,943.95 50,943.95Security Type Sub-Total Federal Agency FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023 3137EAEY1 3137EAEZ8 3135G06H1 3137EAFA2 3130AJHU6 3135G03U5 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 3135G06G3 325,000.00 350,000.00 325,000.00 300,000.00 350,000.00 350,000.00 425,000.00 350,000.00 150,000.00 700,000.00 650,000.00 4,275,000.00 AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa 10/14/2020 10/16/2020 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 0.47 149,550.00 0.44 697,893.00 0.44 647,673.00 0.57 4,261,709.75 0.44 186.20 352.43 279.86 243.75 811.81 966.15 309.90 131.25 42.19 324,983.39 349,989.65 324,980.75 299,982.64 349,466.07 349,775.08 424,235.32 349,376.77 149,825.84 699,164.82 649,018.60 4,270,798.93 324,319.45 348,282.55 322,413.98 297,312.90 325,665.55 325,922.10 390,072.65 319,979.10 137,126.40 638,355.90 591,260.80 4,020,711.38 FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023 Aaa 11/3/2020 11/5/2020 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 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 9/10/2020 9/11/2020 9/23/2020 9/25/2020 11/9/2020 11/12/2020 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 FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025 FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025 58.33 FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 1,300.00 4,681.87Security Type Sub-Total 36© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 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 28.44 400,133.40 104,991.90 209,957.36 396,635.20 102,519.48 203,806.89 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 2,506.67 402,775.70 399,703.88 395,024.00 389,955.60AMERICAN 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 69371RQ66 025816CQ0 771196BT8 437076CM2 400,000.00 70,000.00 400,000.00 175,000.00 80,000.00 410,000.00 25,000.00 BBB+ A A2 A2 A2 A1 A2 Aa2 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 1.84 182,894.25 0.73 79,919.20 2.29 410,000.00 2.13 24,956.25 2.76 3,550.56 71.46 402,042.75 69,998.18 399,700.50 177,498.24 79,961.66 410,000.00 24,977.93 393,531.60 67,029.20 386,226.80 166,415.38 76,009.76 391,038.73 24,018.83 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 A-9/3/2019 9/6/2019 602.78 481.25 135.00 509.90 311.25 PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 A+10/22/2020 10/29/2020 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.250% 03/04/2025 BBB+ AA A 3/1/2022 3/4/2022 ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 3/3/2022 3/10/2022 3/24/2022 3/28/2022HOME DEPOT INC (CALLABLE) CORPORATE NOTE DTD 03/28/2022 2.700% 04/15/2025 37© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 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 3,164.06 233,357.88 224,602.93 216,226.35 216,345.83USAA 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 64,992.44 234,003.37 315,000.00 474,922.03 250,000.00 49,992.61 62,855.52 217,957.95 304,504.83 439,967.80 241,655.75 48,161.00 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 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 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 1,453.13 387.50 225,000.00 236,834.75 236,890.03 218,854.35 218,050.88 218,228.40 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 ABBOTT LABORATORIES AA-Aa3 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 225,000.00 175,000.00 A- A- A1 A1 12/1/2021 12/6/2021 2/16/2022 2/24/2022 225,000.00 1.53 175,000.00 2.60 1,099.69 466.74 225,000.00 175,000.00 212,653.58 166,668.60JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 38© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR DTD 05/19/2021 1.150% 05/15/2026 91324PEC2 05565EBW4 14913R2U0 87612EBM7 06406RBA4 594918BY9 025816CS6 225,000.00 175,000.00 225,000.00 40,000.00 A+ A A2 A2 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 3/15/2022 3/17/2022 2/17/2023 2/22/2023 1/13/2023 1/18/2023 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 4.59 466,089.00 2.70 284,925.00 4.66 488,325.00 4.50 977.50 224,794.37 174,969.86 224,254.36 39,955.02 202,424.63 155,733.55 201,453.30 36,091.12 BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 297.74 881.88CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 01/10/2022 1.700% 01/08/2027 A A2 TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 A A2 164.67 BANK OF NY MELLON CORP (CALLABLE) CORPOR DTD 01/26/2022 2.050% 01/26/2027 475,000.00 750,000.00 300,000.00 475,000.00 300,000.00 500,000.00 A A1 1,758.16 3,781.25 573.75 474,298.73 725,849.24 281,078.19 468,839.49 287,147.53 490,189.50 424,572.10 711,781.50 271,137.90 433,812.75 275,009.70 470,544.50 MICROSOFT CORP CORP NOTES (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 AAA BBB+ AA A- Aaa A2AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.550% 03/04/2027 BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 Aa2 A2 485.56 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 3,805.99 746,094.20 376,116.21 714,374.08 365,781.00TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 01/12/2023 4.625% 01/12/2028 39© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 637432NP6 882508BV5 110122DE5 539830BZ1 24422EXB0 350,000.00 85,000.00 A- A+ A+ A- A A1 Aa3 A2 2/17/2023 2/22/2023 5/11/2023 5/18/2023 3/9/2023 3/13/2023 5/23/2023 5/25/2023 7/21/2023 7/25/2023 329,189.00 4.76 87,043.40 4.04 1,785.00 499.61 331,728.61 86,880.22 322,859.25 83,239.06TEXAS INSTRUMENTS INC CORP NOTE (CALLABL DTD 11/18/2022 4.600% 02/15/2028 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL DTD 07/15/2020 3.900% 02/20/2028 375,000.00 60,000.00 358,263.75 4.93 59,892.00 4.49 1,665.63 934.50 360,136.73 59,899.67 352,721.63 57,955.26LOCKHEED MARTIN CORP NOTES (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028 A2 JOHN DEERE CAPITAL CORP CORPORATE NOTES DTD 07/14/2023 4.950% 07/14/2028 375,000.00 11,840,000.00 A2 377,865.00 4.78 11,849,400.30 2.88 3,970.31 72,228.09 377,757.72 11,757,327.19 369,412.50 11,223,246.14Security Type Sub-Total Agency CMBS FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 3137BNGT5 3137BSP72 3137BTUM1 3137BXQY1 250,000.00 275,000.00 550,000.00 380,000.00 550,000.00 550,000.00 439,574.59 AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa 3/19/2020 3/25/2020 4/11/2023 4/14/2023 4/6/2023 4/12/2023 5/19/2023 5/24/2023 8/16/2023 8/18/2023 6/8/2023 6/13/2023 7/19/2023 7/27/2023 262,382.81 1.95 263,613.28 4.37 526,839.84 4.02 368,303.13 4.31 518,804.69 4.98 527,033.20 4.44 439,563.61 4.78 637.92 629.06 253,088.47 265,562.67 530,140.21 369,512.83 519,867.89 528,853.34 439,564.02 242,336.21 259,884.21 511,969.52 359,902.80 516,090.58 515,055.44 431,373.87 FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026 FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026 1,215.96 1,059.88 1,477.67 1,486.38 1,749.87 FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026 FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027 FHLMC MULTIFAMILY STRUCTURED P 3137F1G44 DTD 07/01/2017 3.243% 04/01/2027 FHMS KJ46 A1 3137HAD45 DTD 07/01/2023 4.777% 06/01/2028 40© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 Agency CMBS FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 3137HACX2 3136BQDE6 3137HAMH6 3137HAMS2 550,000.00 550,000.00 800,000.00 500,000.00 5,394,574.59 AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa 7/13/2023 7/20/2023 7/18/2023 7/31/2023 9/7/2023 9/14/2023 9/20/2023 9/28/2023 555,493.40 4.59 540,675.78 4.58 788,165.60 4.99 494,023.50 5.07 5,284,898.84 4.52 2,208.71 1,920.42 3,100.00 2,000.00 17,485.87 555,267.86 540,997.48 788,268.43 494,032.79 5,285,155.99 539,882.46 525,507.52 777,256.33 490,943.42 5,170,202.36 FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028 Security Type Sub-Total ABS GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025 380144AD7 44933LAC7 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 14318MAD1 65480JAC4 7,905.67 32,583.46 174,780.61 176,061.06 85,713.92 57,634.38 68,549.39 195,000.00 73,291.67 210,000.00 140,000.00 AAA AAA AAA AAA NR NR NR Aaa NR 5/18/2021 5/26/2021 4/20/2021 4/28/2021 6/15/2021 6/23/2021 6/8/2021 6/14/2021 7,905.00 0.41 32,580.04 0.38 174,777.64 0.33 176,042.09 0.26 85,695.85 0.89 57,621.95 0.52 68,534.09 0.75 194,958.25 0.58 73,289.79 0.68 209,995.04 3.97 139,971.03 4.46 0.99 5.50 7,905.40 32,581.93 174,779.21 176,051.93 85,703.89 57,628.25 68,540.46 194,975.14 73,290.54 209,996.30 139,977.33 7,888.92 31,940.46 169,532.87 171,214.08 82,427.16 55,915.79 66,243.94 185,495.58 70,371.69 205,012.84 137,630.92 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 25.63 20.34 20.95 13.32 22.55 50.27 20.77 370.53 277.51 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 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 7/12/2022 7/20/2022 9/20/2022 9/28/2022NAROT 2022-B A3 Aaa DTD 09/28/2022 4.460% 05/17/2027 41© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 02582JJZ4 14041NGD7 05522RDG0 254683CZ6 31680EAD3 161571HT4 02582JKD1 275,000.00 245,000.00 245,000.00 170,000.00 130,000.00 320,000.00 320,000.00 190,000.00 490,000.00 170,000.00 350,000.00 350,000.00 405,000.00 410,000.00 5,291,520.16 AAA AAA AAA NR NR NR NR Aaa NR NR Aaa NR NR NR Aaa Aaa NR NR 10/4/2022 10/12/2022 1/24/2023 1/30/2023 10/27/2022 11/3/2022 2/13/2023 2/23/2023 3/28/2023 3/31/2023 8/15/2023 8/22/2023 4/4/2023 4/11/2023 6/7/2023 6/14/2023 5/17/2023 5/24/2023 6/8/2023 6/16/2023 6/21/2023 6/28/2023 8/15/2023 8/23/2023 9/7/2023 9/15/2023 9/12/2023 9/19/2023 274,954.93 4.82 244,999.88 4.63 244,961.56 4.95 169,982.88 5.05 129,986.44 4.65 319,934.02 5.42 319,981.44 4.31 189,983.15 4.87 489,887.64 4.43 169,961.51 4.79 349,952.72 4.93 349,978.30 5.53 404,887.73 5.17 409,981.67 5.23 5,290,804.64 4.17 552.29 274,963.95 244,999.90 244,968.62 169,985.02 129,987.84 319,935.63 319,983.22 189,984.17 489,895.67 169,963.80 349,955.20 349,978.77 404,887.68 409,980.85 5,290,900.70 271,000.87 240,550.48 241,607.22 167,816.98 127,653.15 318,998.05 311,577.09 187,483.34 477,948.30 167,630.97 345,782.99 348,795.93 402,783.31 408,604.36 5,201,907.29 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 504.16 539.00 381.56 268.67 625.16 612.98 411.24 962.58 361.91 766.89 860.22 928.80 714.77 9,318.59 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 AAA AAA NR HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 AAA AAA AAA AAA AAA AAA AAA COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 Security Type Sub-Total Managed Account Sub Total Securities Sub Total Accrued Interest 53,371,094.75 $53,422,038.70 51,891,728.27 3.18 274,504.36 52,095,010.99 $52,145,954.94 50,158,301.78 $50,209,245.73 $274,504.36 $51,942,672.22 3.18%$274,504.36 42© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Total Investments $50,483,750.09 43© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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. 44© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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. 45© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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. 46© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 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. 47© PFM Asset Management LLC | pfmam.com