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Item No. 04 - CC Investment Report for January 2024
4)CC Investment Report for January 2024 Receive and file the Investment Report for January 2024. Page 1 of 1 REPORT TO CITY COUNCIL To:Honorable Mayor and Members of the City Council From:Jason Simpson, City Manager Prepared by:Shannon Buckley, Assistant City Manager Date:March 12, 2024 Subject:CC Investment Report for January 2024 Recommendation Receive and file the Investment Report for January 2024. Discussion The Investment Report is a listing of all funds invested for the City as of the date shown on the report. Fiscal Impact No fiscal impact. Attachments Attachment 1- Investment Report for January 2024 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 JANUARY 31, 2024 BANK DEPOSITS IN TRANSIT OUTSTANDING PAYMENTS BOOK CASH ACCOUNTS Bank Accounts: BALANCE BALANCE General Checking Account $21,657,608 $534,410 $(2,882)$22,189,136 Cash On Hand: Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund - - - - - - 300 2,000 Total Cash Accounts 21,657,608 534,410 (2,882)22,191,436 50,976,822 INVESTMENTS Local Agency Investment Funds 50,976,822 -- CAMP Investments: CAMP Pool Account 191,349 22,477,966 634,530 1,536,023 6,983,775 2,266,362 11,943,094 900,000 - - - - - - - - - - - - - - - - - - 191,349 22,477,966 634,530 1,536,023 6,983,775 2,266,362 11,943,094 900,000 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 5,349,105 5,349,105 Sub-total Investments 103,259,025 --103,259,025 Market Value Adjustment: Unrealized Gain/(Loss) at 09/30/2023 (584,093)--(584,093) Total Investments 102,674,932 124,332,540 --102,674,932 124,866,368Total Pooled Cash and Investments $$534,410 $(2,882)$ $TOTAL POOLED CASH AND INVESTMENTS 124,866,368 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 February 20, 2024 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 JANUARY 31, 2024 FUND NO FUND NAME AMOUNT 100 102 106 107 108 109 110 112 114 116 117 118 119 121 135 140 180 202 203 205 211 221 231 232 300 305 310 320 331 332 334 335 336 337 338 339 340 345 346 347 350 351 354 355 357 General $16,257,636 17,317,285 777,624 256,871 5,788,473 978,729 404,323 839,261 63,209 Measure Z Affordable Housing In Lieu Developer Agreement Revenue American Rescue Plan Road Maintenance and Rehabilitation (SB1) State Gas Tax Measure A SB1186 CASP Education Program City Hall-Public Works DIF 79,364 Community Center DIF 270,206 424,641 66,224 Lake Side Facility DIF Animal Shelter DIF T.R.I.P.-2014A 520 Lighting & Landscape Maintenance - Dist. No. 1 Geothermal 1,391,357 12,119 Launch Pointe 489,110 24,716La Strada RBBD E.L.S.P. - S.T.I.F.3,485,332 445,786 3,225,088 194,385 1,404,320 761,190 952,342 2,456,334 24,819 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 Facilities Service 2,195,837 92,762CFD 2006-1CC Summerly Improvement Area CC CFD 2006-1 Improvement Area B, Summerly CFD 2015-5 Trieste - Far West Industries CFD 2003-2E Canyon Hills Improvement Area E CFD 2006-1FF Summerly Improvement Area FF CFD 2016-2 Canyon Hills 82,009 76,945 86,158 97,226 654,736 170,513 137,676 146,042 982,463 70,443 120,938 475,534 162,232 545,586 370,687 269,281 CFD 2006-1 IA-JJ Summerly Improvement Area CFD 2006-1 IA-KK Summerly Improvement Area CFD 2006-1 IA-EE Summerly Improvement Area CFD 2003-2 Improvement Area D, Canyon Hills CFD 2014-1 Southshore CFD 2006-1 Improvement Area A, Summerly CFD 98-1 Summerhill CFD 2006-1 IA-II Summerly Improvement CFD 90-2 Tuscany Hills RAD 2021-1 Canyon Hills Improvement CFD 2003-2 Canyon Hills Improvement Area 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 JANUARY 31, 2024 FUND NO FUND NAME AMOUNT 10,959361 363 364 366 368 369 370 371 372 374 375 377 378 384 385 386 387 388 390 392 394 395 396 397 500 510 603 604 605 606 608 617 CFD 2022-2 Lakeshore Improvement CFD 2022-3 Lakeside 844 20,812CFD 2023-2 Coastal Mission Trail Improvement CFD 2005-6 City Center Townhomes CFD 2006-2 Viscaya 141,442 307,720 917,106 172,481 329,914 785,899 3,037 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area CFD 2006-1 IA-HH Summerly Improvement CFD 2005-1 Serenity CFD 2005-2 Alberhill Ranch Improvement Area CFD 2005-4 Lakeview Villas CFD 2006-4 Clurman 126,650 42,779CFD 2006-6 Tessara CFD 2006-8 Running Deer Estates CFD 2003-2 Area B Canyon Hills Improvement Area CFD 2004-3 Area 2 Rosetta Canyon Improvement Area CFD 2007-4 Mekenna Court 57,081 981,160 937,820 79,800 CFD 2007-5 Red Kite 58,019 CFD 2007-6 Holiday Inn Express CFD 2003-2 Area C Canyon Hills Improvement Area CFD 95-1 City Center 2,631 376,790 49,931 CFD 2005-5 (2012A) Wasson Canyon CFD 2018-1 Wasson Canyon II Improvement Area CFD 2018-2 Nichols Ranch Improvement Area CFD 2018-3 Village at Lakeshore Capital Improvement Plan 140,478 1,879 92,708 169,300 6,541,778 827,970 62,291 Successor To RDA Area I, II, & III Endowment Trust - Carl Graves Endowment Trust - Korn Memorial Public Improvement Trust 34,823 1,773,370 75,257Mobile Source Air Polution Reduction Trust Deposit & Pre Paid Expense Successor Agency Housing 1,570,414 34,951,818 620 631 655 Cost Recovery System 7,566,036 508,669 14,742 Lake Destratification Equipment Replacement CFD 2015-1s Law, Fire, Paramedic Services Total Pooled Cash & Investments $124,862,739 C I T Y O F L A K E E L S I N O R E SUMMARY OF POLICY LIMITATIONS FOR THE MONTH ENDING JANUARY 31, 2024 MAXIMUM PERCENTAGE DIVERSIFICATION PERCENTAGE CURRENT BALANCETYPES OF SECURITIES CAMP - Pooled Sweep Account U.S. Treasury Bond / Note Unlimited Unlimited 30% 0.19%$ $ $ $ $ 191,349 21.77% 0.61% 22,477,966 634,530Supra-National Agency Bond / Note Municipal Bond / Note Unlimited 40% 1.49%1,536,023 6,983,775Federal Agency Collaterized Mortgage Obligation 6.76% (1)Federal Agency Bond / Note Corporate Note Unlimited 30% 2.19% 11.57% 0.87% 5.18% $ $ $ $ 2,266,362 11,943,094 900,000Negotiable Certificates of Deposit Asset-Backed Security / Collaterized Mortgage 30% 20%5,349,105 (2)LAIF (Local Agency Investment Funds) TOTAL $150 Million 49.37%$ $ 50,976,822 100.00%103,259,025 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 PMIA/LAIF Performance Report as of 2/14/24 PMIA Average Monthly Effective Yields(1) Quarterly Performance Quarter Ended 12/31/23 (2)4.00LAIF Apportionment Rate :January December November October September August 4.012 3.929 3.843 3.670 3.534 3.434 (2)0.00010932476863589 0.29 0.993543131 3.96 3.81 LAIF Earnings Ratio : (1)*LAIF Administrative Cost : (1)LAIF Fair Value Factor : (1)PMIA Daily : (1)PMIA Quarter to Date : (1)230PMIA Average Life : Pooled Money Investment Account Monthly Portfolio Composition (1) 1/31/24 $165.8 billion Corporate Bonds 0.37% Commercial PaperTime Deposits 3.13% Loans 0.20% 5.91% Certificates of Deposit/Bank Notes 8.98% Treasuries 58.88%Agencies 22.53% Chart does not include $2,112,000.00 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. Source: (1) State of California, Office of the Treasurer (2) State of Calfiornia, Office of the Controller 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 JANUARY 31, 2024 Yield Purchase Date Daily Maturity Rate 24-Hour4.012% Investment Beginning Balance Net Increase/(Decrease)Ending Balance 50,976,822 Total Investments Held with Local Agency Investment Fund:$43,522,208 $7,454,614 $ Note: Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained. CAMP Investment Portfolio Account Statement - Transaction Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 CAMP Pool Asset Summary Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 116,772.96 1,253,766.61 (1,179,190.52) 0.00 January 31, 2024 December 31, 2023 CAMP Pool 191,349.05 116,772.96 CAMP Managed Account 51,870,987.01 51,767,158.04 0.00 Total $52,062,336.06 $51,883,931.00Closing Market Value Cash Dividends and Income CAMP Managed Account $191,349.05 Asset Allocation477.89 CAMP Pool 0.37%Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 51,767,158.04 1,170,501.95 (1,113,414.15) 0.00 46,741.17 Closing Market Value $51,870,987.01 Cash Dividends and Income 98,302.99 CAMP Managed Account 99.63% Page 1 Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Transaction Summary - Money Market Opening Market Value Transaction Summary - Managed Account Account Total $116,772.96 Opening Market Value $51,767,158.04 Opening Market Value $51,883,931.00 Purchases Redemptions 1,253,766.61 (1,179,190.52) Maturities/Calls (49,498.15) (1,063,916.00) 1,170,501.95 0.00 Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value 46,741.17__________________________________________________________________________________________________________________________________________________ Closing Market Value $191,349.05 Closing Market Value $51,870,987.01 Closing Market Value $52,062,336.06 Dividend 477.89 Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Dividends/Coupons Received Less Purchased Interest Related to Interest/Coupons Plus Net Realized Gains/Losses 139,249.57 (4,478.48) (36,468.10) Closing Cash Balance $0.00 Total Cash Basis Earnings $98,302.99 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 52,436,031.88 240,417.99 1,071,014.44 49,498.15 132,151.13 (1,174,980.43) (52,381,236.70) (253,286.16) 0.00 52,627,380.93 240,417.99 2,250,204.96 49,498.15 Maturities/Calls Sale Proceeds Coupon/Interest/Dividend Income Principal Payments Security Purchases 0.00 1,071,014.44 132,151.13 49,498.15 (1,174,980.43) (77,683.29) 0.00 132,151.13 (2,428,747.04) Net Cash Contribution (52,498,009.66) Reconciling Transactions (253,286.16) 477.89 Total Accrual Basis Earnings $119,610.30 $120,088.19 Page 2 Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Account Summary Sector Allocation Description Par Value Market Value Percent ABS 10.28% Cert of Deposit 1.74% Corporate Note 22.43% 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 23,850,000.00 635,000.00 1,535,000.00 7,117,846.96 22,630,304.64 616,686.60 1,476,458.80 7,078,985.95 43.46 1.18 2.84 US TSY Bond / Note 43.46% 13.60 2,275,000.00 11,965,000.00 900,000.00 5,349,837.24 53,627,684.20 2,133,512.55 11,676,188.69 907,860.36 5,350,989.42 51,870,987.01 99.63% 240,417.99 52,111,405.00 191,349.05 52,302,754.05 100.00% 4.10 22.43 1.74 Fed Agy Bond / Note 4.10% Federal Agency Commercial Mortgage-Backed Security 10.28 Supra-National Agency Bond / Note 1.18% Muni Bond / Note 2.84%Total Portfolio CAMP Pool Total Investments 53,627,684.20 191,349.05 53,819,033.25 0.37 Joint Powers Authority 0.37% 13.60% Unsettled Trades 0.00 0.00 Maturity Distribution Characteristics 36.25%Yield to Maturity at Cost 3.54% 4.33% 1056 Yield to Maturity at Market Weighted Average Days to Maturity 22.91% 19.30% 15.36% 3.36%2.82% 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 January 31, 2024 Issuer Summary Credit Quality (S&P Ratings) Market Value of Holdings 222,757.43 451,686.05 966,306.41 395,019.60 740,178.48 790,909.81 448,790.45 228,849.95 367,781.63 79,901.70 191,349.05 733,667.28 246,160.20 209,105.33 98,511.00 392,078.82 411,172.69 63,766.43 778,422.00 382,768.50 859,228.07 1,482,009.15 140,804.40 353,199.18 295,092.10 129,460.60 7,589,684.95 221,067.23 329,986.11 396,936.00 169,571.63 24,407.63 Issuer ABBOTT LABORATORIES AMAZON.COM INC Percent 0.43 0.87 1.86 0.76 1.42 1.52 0.86 0.44 0.71 0.15 0.37 1.41 0.47 0.40 0.19 0.75 0.79 0.12 1.50 0.74 1.65 2.84 0.27 0.68 0.57 0.25 14.57 0.42 0.63 0.76 0.33 0.05 A NR 2.40% BBB+ 1.45% AAAm 0.37% AAA 11.48% AA- 3.56% 4.53% A+ 3.11% A- 6.62% AA 3.64% 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 GOLDMAN SACHS GROUP INC HARLEY-DAVIDSON MOTORCYCLE TRUST HOME DEPOT INC AA+ 62.84% Page 4 Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Market Value of Holdings 473,159.37 67,830.55 Issuer Percent 0.91 0.13 0.43 1.18 0.92 0.12 0.25 1.40 0.77 1.42 0.74 0.59 0.49 0.87 0.33 0.77 0.24 0.39 0.11 0.18 0.07 0.17 1.25 0.75 0.88 1.42 43.46 0.40 0.16 0.42 HONDA AUTO RECEIVABLES HYUNDAI AUTO RECEIVABLES IBM CORP INTER-AMERICAN DEVELOPMENT BANK JP MORGAN CHASE & CO LOCKHEED MARTIN CORP LOS ANGELES COMMUNITY COLLEGE DISTRICT MICROSOFT CORP 222,804.00 616,686.60 479,667.59 60,048.00 132,008.80 731,166.75 398,493.60 736,748.50 384,891.15 309,656.75 256,954.08 450,826.65 169,439.55 398,624.55 123,038.50 203,922.00 59,171.40 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 ROCHE HOLDINGS INC SAN JUAN UNIFIED SCHOOL DISTRICT STATE OF CALIFORNIA STATE OF CONNECTICUT STATE OF MINNESOTA TARGET CORP 94,370.00 37,395.92 85,927.35TEXAS 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 650,651.14 392,135.60 457,033.71 738,022.55 22,630,304.64 208,744.65 80,786.55 221,195.70 Total $52,062,336.06 100.00% Page 5 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 12/31/2019 1.750% 12/31/2024 912828YY0 912828ZW3 91282CBW0 91282CBW0 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 912828U24 912828U24 912828U24 912828U24 50,000.00 AA+ 150,000.00 AA+ 75,000.00 AA+ 775,000.00 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+ 975,000.00 AA+ 2,100,000.00 AA+ 9,500,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 08/05/20 04/01/21 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 01/04/23 12/05/22 01/13/23 08/07/20 04/05/21 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 01/06/23 12/07/22 01/17/23 53,441.41 0.18 147,093.75 0.72 71,458.01 1.92 756,109.37 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 4.39 907,092.77 3.96 1,954,066.41 3.92 8,922,578.13 3.72 76.92 32.97 50,715.27 149,032.50 73,111.40 48,640.63 141,421.88 69,585.94 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 US TREASURY NOTES DTD 04/30/2021 0.750% 04/30/2026 143.72 1,485.06 3.43 US TREASURY NOTES DTD 04/30/2021 0.750% 04/30/2026 765,176.87 186,570.31 236,023.09 712,777.65 758,467.09 851,346.33 849,323.26 234,885.28 925,937.15 1,996,761.37 9,079,531.14 719,054.69 183,687.50 229,609.38 688,828.12 734,750.00 826,593.75 826,593.75 236,640.62 922,898.44 1,987,781.25 8,992,343.75 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 4.29 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 12.88 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 13.74 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 15.45 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 15.45 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 1,071.43 4,178.57 9,000.00 40,714.29 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 Page 6 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 04/30/2022 2.750% 04/30/2027 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 91282CFZ9 91282CFZ9 1,200,000.00 AA+ 375,000.00 AA+ 600,000.00 AA+ 800,000.00 AA+ 825,000.00 AA+ 1,175,000.00 AA+ 1,200,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa 01/31/23 05/01/23 07/03/23 03/02/23 06/02/23 01/02/24 12/01/23 02/03/23 05/05/23 07/07/23 03/06/23 06/06/23 01/05/24 12/05/23 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 1,170,501.95 3.98 1,184,109.38 4.24 8,431.32 28.33 1,165,882.03 364,555.51 570,476.39 757,570.82 792,830.07 1,170,587.18 1,184,742.39 1,155,187.44 360,234.38 576,375.00 768,500.00 792,515.62 1,172,062.50 1,197,000.00 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 45.33 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 60.44 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 62.33 US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027 7,837.34 8,004.10US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027 Security Type Sub-Total 23,850,000.00 22,477,965.84 3.61 81,237.39 22,876,303.10 22,630,304.64 Supra-National Agency Bond / Note INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 4581X0DZ8 635,000.00 AAA Aaa 09/15/21 09/23/21 634,530.10 0.52 1,128.89 634,899.25 616,686.60 Security Type Sub-Total Municipal Bond / Note 635,000.00 634,530.10 0.52 1,128.89 634,899.25 616,686.60 CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 20772KJW0 157411TK5 650036DT0 60,000.00 AA- 100,000.00 AA- 325,000.00 NR Aa3 Aa1 NR 05/29/20 11/06/19 12/16/20 06/11/20 12/05/19 12/23/20 60,000.00 2.00 100,000.00 2.10 325,000.00 0.87 99.90 1,050.50 1,068.17 60,000.00 100,000.00 325,000.00 59,171.40 98,511.00 309,656.75 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 Page 7 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025 91412HGE7 341271AD6 341271AD6 341271AD6 60412AVJ9 798306WP7 54438CYK2 13077DQD7 13063D3N6 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- Aa2 Aa3 Aa3 Aa3 Aaa Aa2 Aaa Aa2 Aa2 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 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 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 4.85 158.45 68.14 85,000.00 65,135.58 85,166.26 160,000.00 100,000.00 130,000.00 140,000.00 85,000.00 200,000.00 80,786.55 61,874.15 80,912.35 152,305.60 94,370.00 123,038.50 132,008.80 79,901.70 203,922.00 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 89.11 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 167.73 315.00 553.80 541.10 183.18 4,038.33 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 1.58 8,333.41 1,535,301.84 1,476,458.80 Federal Agency Commercial Mortgage-Backed Security FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 3137BNGT5 3137BSP72 3137BTUM1 245,996.40 AA+ 275,000.00 AA+ 550,000.00 AA+ 378,720.49 AA+ Aaa Aaa Aaa Aaa 03/19/20 04/11/23 04/06/23 05/19/23 03/25/20 04/14/23 04/12/23 05/24/23 258,180.90 1.95 263,613.28 4.37 526,839.84 4.02 367,063.00 4.31 627.70 629.06 248,160.00 266,973.11 532,500.36 369,409.34 241,445.83 265,497.60 525,849.79 367,929.60 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 1,056.31FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026 Page 8 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 K064 A2 DTD 05/15/2017 3.224% 03/01/2027 3137BXQY1 3137F1G44 3137HBC69 3137HAD45 3137HACX2 3136BQDE6 3137HAQ74 3137HAMH6 3137HAST4 3137HAMS2 3137HB3D4 3137HB3G7 550,000.00 AA+ 550,000.00 AA+ 399,541.01 AA+ 438,589.06 AA+ 550,000.00 AA+ 550,000.00 AA+ 500,000.00 AA+ 800,000.00 AA+ 375,000.00 AA+ 500,000.00 AA+ 180,000.00 AA+ 275,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 08/16/23 06/08/23 12/06/23 07/19/23 07/13/23 07/18/23 10/11/23 09/07/23 10/25/23 09/20/23 11/14/23 11/28/23 08/18/23 06/13/23 12/14/23 07/27/23 07/20/23 07/31/23 10/19/23 09/14/23 10/31/23 09/28/23 11/21/23 12/07/23 518,804.69 4.98 527,033.20 4.44 399,537.81 4.86 438,578.12 4.78 555,493.40 4.59 540,675.78 4.58 489,032.00 5.26 788,165.60 4.99 363,043.88 5.60 494,023.50 5.07 179,479.62 5.14 274,209.93 4.93 1,477.67 1,486.38 1,617.48 1,745.95 2,208.71 1,920.42 1,975.00 3,100.00 1,515.63 2,000.00 760.35 522,840.02 530,888.58 399,537.90 438,579.29 554,887.83 541,635.70 489,610.89 788,988.51 363,591.81 494,391.73 179,498.04 274,231.89 531,628.48 531,290.50 403,660.41 440,697.66 557,391.69 545,624.05 506,434.29 807,847.71 381,413.23 507,480.72 184,748.82 280,045.57 FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027 FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028 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 K508 A2 DTD 10/01/2023 4.740% 08/01/2028 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028 FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028 FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028 FHMS K511 A2 1,113.75 DTD 12/01/2023 4.860% 10/01/2028 Security Type Sub-Total 7,117,846.96 6,983,774.55 4.69 24,450.37 6,995,725.00 7,078,985.95 Federal Agency Bond / Note Page 9 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 07/23/2020 0.375% 07/21/2025 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 3135G06G3 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 07/21/20 08/25/20 09/10/20 09/23/20 11/09/20 07/23/20 08/27/20 09/11/20 09/25/20 11/12/20 422,883.50 0.48 348,362.00 0.47 149,550.00 0.44 697,893.00 0.44 647,673.00 0.57 44.27 568.75 229.69 933.33 758.33 424,378.05 349,487.23 149,856.27 699,306.91 649,175.77 400,609.25 328,769.00 140,804.40 655,713.80 607,616.10 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 FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate Note 2,275,000.00 2,266,361.50 0.49 2,534.37 2,272,204.23 2,133,512.55 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 03/18/2021 0.750% 03/18/2024 808513BN4 06406RAS6 105,000.00 A-A2 A1 03/16/21 04/19/21 03/18/21 04/26/21 104,947.50 0.77 290.94 104,997.80 104,357.82 BANK OF NY MELLON CORP NOTES (CALLABLE) 210,000.00 A 209,775.30 0.54 277.08 209,982.57 207,661.86 DTD 04/26/2021 0.500% 04/26/2024 MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 61746BDQ6 02665WCZ2 38141EC23 400,000.00 A- 400,000.00 A- 400,000.00 BBB+ A1 A3 A2 07/19/19 07/11/19 07/08/19 07/23/19 07/15/19 07/11/19 422,916.00 2.59 398,016.00 2.51 418,632.00 2.84 3,961.11 906.67 983.89 401,157.64 399,838.78 400,720.34 398,493.60 395,019.60 396,936.00 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS DTD 07/08/2014 3.850% 07/08/2024 BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 05565EBU8 70,000.00 A A2 08/09/21 08/12/21 69,993.70 0.75 246.46 69,998.89 68,266.45 Page 10 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 254687FK7 69371RQ66 400,000.00 A- 175,000.00 A+ A2 A1 09/03/19 10/22/20 09/06/19 10/29/20 398,368.00 1.84 182,894.25 0.73 2,936.11 1,531.25 399,810.80 176,876.21 392,135.60 169,439.55PACCAR 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 17252MAP5 80,000.00 BBB+ 410,000.00 AA A2 Aa2 A2 03/01/22 03/03/22 03/24/22 04/26/22 03/04/22 03/10/22 03/28/22 05/03/22 79,919.20 2.29 410,000.00 2.13 24,956.25 2.76 64,985.70 3.46 735.00 3,423.64 198.75 79,970.73 410,000.00 24,982.76 64,994.05 77,442.80 398,624.55 24,407.63 63,766.43 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 25,000.00 A CINTAS CORPORATION NO. 2 CORP NOTE (CALL 65,000.00 A-A3 560.63 DTD 05/03/2022 3.450% 05/01/2025 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 90327QD89 369550BG2 225,000.00 AA 225,000.00 A- Aa1 A3 05/23/22 10/16/20 05/26/22 10/20/20 224,264.25 3.49 252,247.50 0.80 1,898.44 1,662.50 224,687.43 231,917.85 221,195.70 221,067.23GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 JPMORGAN CHASE & CO (CALLABLE) CORP NOTE 46647PCH7 315,000.00 A-A1 05/24/21 06/01/21 315,000.00 0.82 432.60 315,000.00 309,748.01 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 3.50 612.22 474,937.73 250,000.00 451,686.05 245,520.50NATIONAL AUSTRALIA BK/NY CORPORATE NOTES Aa3 1,263.89 DTD 06/09/2022 3.500% 06/09/2025 Page 11 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 CORPORATE NOTES 63743HFE7 50,000.00 A-A2 04/27/22 05/04/22 49,986.50 3.46 220.42 49,994.07 48,959.40 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 0.86 100.00 4,359.38 3,293.75 225,000.00 234,662.10 234,542.56 222,804.00 221,553.45 222,757.43 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 05565EBW4 14913R2U0 225,000.00 A- 175,000.00 A- 225,000.00 A+ A1 A1 A2 A2 A2 12/01/21 02/16/22 05/17/21 08/12/21 01/11/22 12/06/21 02/24/22 05/19/21 08/16/21 01/13/22 225,000.00 1.53 175,000.00 2.60 224,608.50 1.19 174,947.50 1.26 223,863.75 1.81 525.94 1,980.49 546.25 225,000.00 175,000.00 224,820.80 174,973.40 224,331.10 217,100.48 169,919.58 208,744.65 160,583.50 209,105.33 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 BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 175,000.00 225,000.00 A A 1,026.91 244.38CATERPILLAR FINL SERVICE CORPORATE NOTES 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 34.67 39,959.62 37,395.92 BANK OF NY MELLON CORP (CALLABLE) CORPOR 475,000.00 135.24 474,369.84 442,989.28 DTD 01/26/2022 2.050% 01/26/2027 Page 12 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 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 12,031.25 3,123.75 728,276.16 282,940.09 731,166.75 281,088.00AMERICAN 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 4,127.22 3,300.00 2,820.28 469,440.40 288,384.51 491,085.34 448,790.45 287,721.00 491,228.00 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 8,677.85 915.36 748,559.82 376,028.43 740,178.48 377,454.38TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 637432NP6 882508BV5 110122DE5 350,000.00 A- 85,000.00 A+ A1 Aa3 A2 02/17/23 05/11/23 03/09/23 02/22/23 05/18/23 03/13/23 329,189.00 4.76 87,043.40 4.04 358,263.75 4.93 5,751.67 1,802.94 6,540.63 333,142.06 86,732.63 361,277.20 335,931.75 85,927.35 367,781.63 TEXAS INSTRUMENTS INC CORP NOTE (CALLABL DTD 11/18/2022 4.600% 02/15/2028 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL 375,000.00 A DTD 07/15/2020 3.900% 02/20/2028 Page 13 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 LOCKHEED MARTIN CORP NOTES (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028 539830BZ1 60,000.00 A-A2 A2 05/23/23 05/25/23 07/25/23 10/04/23 59,892.00 4.49 377,865.00 4.78 746,280.00 5.92 563.67 876.56 59,906.98 60,048.00 JOHN DEERE CAPITAL CORP CORPORATE NOTES DTD 07/14/2023 4.950% 07/14/2028 24422EXB0 17325FBB3 375,000.00 A 07/21/23 10/02/23 377,563.67 382,768.50 CITIBANK NA CORP NOTES (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028 750,000.00 A+Aa3 14,749.29 746,493.96 778,422.00 Security Type Sub-Total Certificate of Deposit 11,965,000.00 11,943,093.55 3.12 99,669.08 11,872,358.32 11,676,188.69 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 6,930.00 450,000.00 457,033.71 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 6,083.00 450,000.00 450,826.65 Security Type Sub-Total Asset-Backed Security 900,000.00 900,000.00 5.56 13,013.00 900,000.00 907,860.36 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 44933LAC7 65480BAC1 89190GAC1 43815GAC3 14314QAC8 18,336.11 AAA 120,292.16 AAA 118,768.93 AAA 64,458.89 NR 39,613.16 AAA NR Aaa NR 04/20/21 06/15/21 06/08/21 11/16/21 04/13/21 04/28/21 06/23/21 06/14/21 11/24/21 04/21/21 18,334.18 0.38 120,290.11 0.33 118,756.13 0.26 64,445.31 0.89 39,604.61 0.52 3.10 17.64 13.72 15.76 9.16 18,335.40 120,291.35 118,763.75 64,452.45 39,609.54 18,111.80 117,960.53 116,441.33 62,704.24 38,806.77 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 Aaa NRCARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 Page 14 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 44935FAD6 254683CP8 362554AC1 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 05522RDG0 02582JJZ4 50,986.18 AAA 195,000.00 AAA 57,381.81 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 320,000.00 AAA 320,000.00 NR 170,000.00 AAA 190,000.00 AAA NR Aaa Aaa NR 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 08/15/23 04/04/23 06/08/23 06/07/23 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 08/22/23 04/11/23 06/16/23 06/14/23 50,974.79 0.75 194,958.25 0.58 57,380.34 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 4.65 319,934.02 5.42 319,981.44 4.31 169,961.51 4.79 189,983.15 4.87 16.77 50.27 50,980.39 194,977.97 57,381.02 49,718.75 189,486.96 55,549.12 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 16.26 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 370.53 277.51 552.29 504.16 539.00 381.56 268.67 625.16 612.98 361.91 411.24 209,996.65 139,979.44 274,967.08 244,999.91 244,971.24 169,986.22 129,988.78 319,940.57 319,984.49 169,966.44 189,985.33 207,353.43 138,993.55 274,436.99 244,126.84 245,235.13 169,571.63 129,460.60 323,708.38 317,074.11 170,223.57 190,618.98 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 HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 NR DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 Aaa NRBACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 AMXCA 2023-1 A NR DTD 06/14/2023 4.870% 05/15/2028 Page 15 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 14041NGD7 254683CZ6 438123AC5 31680EAD3 161571HT4 02582JKD1 05522RDH8 490,000.00 AAA 350,000.00 AAA 85,000.00 NR 350,000.00 AAA 405,000.00 AAA 410,000.00 AAA 180,000.00 NR NR Aaa Aaa Aaa NR 05/17/23 06/21/23 11/01/23 08/15/23 09/07/23 09/12/23 12/07/23 05/24/23 06/28/23 11/08/23 08/23/23 09/15/23 09/19/23 12/14/23 489,887.64 4.43 349,952.72 4.93 84,985.03 5.67 349,978.30 5.53 404,887.73 5.17 409,981.67 5.23 179,975.83 4.98 962.58 766.89 133.88 860.22 928.80 953.02 398.40 489,903.28 349,958.40 84,985.69 488,432.15 352,667.00 86,746.75 DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 349,980.23 404,895.26 409,982.86 179,976.40 353,199.18 411,172.69 417,156.63 182,032.31 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 NR BACCT 2023-A2 A2 Aaa DTD 12/14/2023 4.980% 11/15/2028 Security Type Sub-Total 5,349,837.24 53,627,684.20 5,349,104.52 4.36 3.54 10,051.48 5,349,240.14 52,436,031.88 5,350,989.42 51,870,987.01Managed Account Sub-Total Joint Powers Authority CAMP Pool 52,090,853.16 240,417.99 191,349.05 AAAm NR 191,349.05 0.00 191,349.05 191,349.05 Liquid Sub-Total 191,349.05 191,349.05 0.00 191,349.05 191,349.05 Securities Sub-Total Accrued Interest Total Investments $53,819,033.25 $52,282,202.21 3.54%$240,417.99 $52,627,380.93 $52,062,336.06 $240,417.99 $52,302,754.05 Page 16 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 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 04/30/2021 0.750% 04/30/2026 US TREASURY NOTES DTD 04/30/2021 0.750% 04/30/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 04/30/2022 2.750% 04/30/2027 US TREASURY NOTES 912828YY0 912828ZW3 91282CBW0 91282CBW0 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 912828U24 912828U24 912828U24 912828U24 91282CEN7 91282CFB2 91282CFB2 50,000.00 WELLS_F 150,000.00 GOLDMAN 75,000.00 BMO 97.28 94.28 92.78 92.78 91.84 91.84 91.84 91.84 91.84 91.84 94.66 94.66 94.66 94.66 96.27 96.06 96.06 48,640.63 141,421.88 69,585.94 (4,800.78) (5,671.87) (1,872.07) (37,054.68) 4,679.69 (2,074.64) (7,610.62) (3,525.46) (46,122.18) (2,882.81) (6,413.71) (23,949.53) (23,717.09) (24,752.58) (22,729.51) 1,755.34 0.91 1.41 2.23 2.23 2.48 2.48 2.48 2.48 2.48 2.48 2.71 2.71 2.71 2.71 3.10 3.36 3.36 4.82 4.47 4.15 4.15 4.09 4.09 4.09 4.09 4.09 4.09 4.04 4.04 4.04 4.04 3.99 3.97 3.97 775,000.00 CITIGRP 200,000.00 BMO 719,054.69 183,687.50 229,609.38 688,828.12 734,750.00 826,593.75 826,593.75 236,640.62 922,898.44 1,987,781.25 8,992,343.75 1,155,187.44 360,234.38 576,375.00 250,000.00 HSBC 3,359.38 750,000.00 BMO (1,640.63) 2,406.25800,000.00 HSBC 900,000.00 MERRILL 900,000.00 BMO 7,558.59 7,031.25 250,000.00 BMO 8,496.09 975,000.00 BMO 15,805.67 33,714.84 69,765.62 (234.44) (3,038.71) (8,980.12) (87,187.39) (10,694.59) (4,321.13) 5,898.61 2,100,000.00 HSBC 9,500,000.00 JPM_CHA 1,200,000.00 BNP_PAR 375,000.00 MORGAN_ 600,000.00 CITIGRP (2,094.72) 10,734.37 DTD 07/31/2022 2.750% 07/31/2027 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 Page 17 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 NOTES DTD 07/31/2022 2.750% 07/31/2027 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027 US TREASURY NOTES 91282CFB2 91282CFB2 91282CFZ9 91282CFZ9 800,000.00 BMO 825,000.00 HSBC 96.06 96.06 99.75 99.75 768,500.00 792,515.62 21,968.75 5,736.32 1,560.55 12,890.62 10,929.18 (314.45) 1,475.32 12,257.61 3.36 3.36 3.57 3.57 3.97 3.97 3.94 3.94 1,175,000.00 CITIGRP 1,200,000.00 HSBC 1,172,062.50 1,197,000.00 DTD 11/30/2022 3.875% 11/30/2027 Security Type Sub-Total 23,850,000.00 22,630,304.64 152,338.80 (245,998.46)2.83 4.04 Supra-National Agency Bond / Note INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 4581X0DZ8 635,000.00 JPM_CHA 97.12 616,686.60 (17,843.50)(18,212.65)0.65 5.09 Security Type Sub-Total Municipal Bond / Note 635,000.00 616,686.60 (17,843.50)(18,212.65)0.65 5.09 CT ST TXBL GO BONDS 20772KJW0 157411TK5 650036DT0 91412HGE7 341271AD6 341271AD6 341271AD6 60412AVJ9 60,000.00 SIEBERT 100,000.00 RBC 98.62 98.51 95.28 95.04 95.19 95.19 95.19 94.37 59,171.40 98,511.00 309,656.75 80,786.55 61,874.15 80,912.35 152,305.60 94,370.00 (828.60) (1,489.00) (15,343.25) (4,213.45) (3,585.40) (4,651.20) (7,694.40) (5,630.00) (828.60) (1,489.00) (15,343.25) (4,213.45) (3,261.43) (4,253.91) (7,694.40) (5,630.00) 0.42 0.50 1.12 1.20 1.41 1.41 1.41 1.49 5.36 5.14 5.25 4.89 4.80 4.80 4.80 4.55 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 FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 MN ST TXBL GO BONDS 325,000.00 WELLS_F 85,000.00 JPM_CHA 65,000.00 MERRILL 85,000.00 MERRILL 160,000.00 MERRILL 100,000.00 MORGAN_ 04/15/25 DTD 08/25/2020 0.630% 08/01/2025 Page 18 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 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 798306WP7 54438CYK2 13077DQD7 13063D3N6 130,000.00 KEYBANC 140,000.00 MERRILL 85,000.00 JPM_CHA 200,000.00 WELLS_F 94.65 94.29 123,038.50 132,008.80 79,901.70 203,922.00 (6,961.50) (7,991.20) (5,098.30) 3,922.00 (6,961.50) (7,991.20) (5,098.30) 3,922.00 1.49 1.49 1.74 2.85 4.58 4.75 4.46 4.16 94.00 DTD 07/29/2021 0.862% 11/01/2025 CA ST MUNICIPAL BONDS 101.96 DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,535,000.00 1,476,458.80 (59,564.30)(58,843.04)1.47 4.80 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 KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 FHMS K505 A2 3137BGK24 3137BNGT5 3137BSP72 3137BTUM1 3137BXQY1 3137F1G44 3137HBC69 3137HAD45 3137HACX2 3136BQDE6 3137HAQ74 245,996.40 CITIGRP 275,000.00 BAIRD 550,000.00 BREAN 378,720.49 CITIGRP 550,000.00 MORGAN_ 550,000.00 CITIGRP 399,541.01 JPM_CHA 438,589.06 JPM_CHA 550,000.00 JPM_CHA 550,000.00 JPM_CHA 500,000.00 BMO 98.15 96.54 95.61 97.15 96.66 96.60 101.03 100.48 101.34 99.20 101.29 241,445.83 265,497.60 525,849.79 367,929.60 531,628.48 531,290.50 403,660.41 440,697.66 557,391.69 545,624.05 506,434.29 (16,735.07) 1,884.32 (990.05) 866.60 (6,714.17) (1,475.51) (6,650.57) (1,479.74) 8,788.46 401.92 0.80 1.76 2.37 2.48 2.77 2.91 3.44 3.02 3.79 3.95 3.95 5.33 4.63 4.51 4.45 4.38 4.39 4.59 4.65 4.48 4.39 4.42 12,823.79 4,257.30 4,122.60 2,119.54 1,898.29 4,948.27 17,402.29 4,122.51 2,118.37 2,503.86 3,988.35 16,823.40 DTD 07/01/2023 4.819% 06/01/2028 FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028 FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028 Page 19 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 K509 A2 DTD 10/01/2023 4.850% 09/01/2028 FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028 FHMS K510 A2 3137HAMH6 3137HAST4 3137HAMS2 3137HB3D4 3137HB3G7 800,000.00 WELLS_F 375,000.00 MORGAN_ 500,000.00 MERRILL 180,000.00 JPM_CHA 275,000.00 MERRILL 100.98 101.71 101.50 102.64 101.83 807,847.71 381,413.23 507,480.72 184,748.82 280,045.57 19,682.11 18,369.35 13,457.22 5,269.20 5,835.64 18,859.20 17,821.42 13,088.99 5,250.78 5,813.68 3.93 4.02 3.98 4.04 4.08 4.41 4.44 4.44 4.44 4.42 DTD 11/01/2023 5.069% 10/01/2028 FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028 Security Type Sub-Total 7,117,846.96 7,078,985.95 95,211.40 83,260.95 3.31 4.49 Federal Agency Bond / Note 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 FANNIE MAE NOTES 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 3135G06G3 425,000.00 WELLS_F 350,000.00 BARCLAY 150,000.00 WELLS_F 700,000.00 CITIGRP 650,000.00 BARCLAY 94.26 93.93 93.87 93.67 93.48 400,609.25 328,769.00 140,804.40 655,713.80 607,616.10 (22,274.25) (19,593.00) (8,745.60) (42,179.20) (40,056.90) (23,768.80) (20,718.23) (9,051.87) (43,593.11) (41,559.67) 1.47 1.56 1.59 1.64 1.76 4.44 4.42 4.40 4.40 4.37 DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate Note 2,275,000.00 2,133,512.55 (132,848.95)(138,691.68)1.63 4.40 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 03/18/2021 0.750% 03/18/2024 BANK OF NY MELLON CORP NOTES (CALLABLE) 808513BN4 06406RAS6 105,000.00 CSFB 02/18/24 03/26/24 99.39 98.89 104,357.82 207,661.86 (589.68)(639.98)0.05 0.16 5.36 5.21210,000.00 JPM_CHA (2,113.44)(2,320.71) DTD 04/26/2021 0.500% 04/26/2024 Page 20 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Security Type/Description Next Call Date Market Price Market Value Unreal G/L On Cost Unreal G/L Amort Cost Effective Duration YTM at MktDated Date/Coupon/Maturity CUSIP Par Broker Corporate Note MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024 AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS DTD 07/08/2014 3.850% 07/08/2024 BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 PACCAR FINANCIAL CORP CORPORATE NOTES 61746BDQ6 02665WCZ2 38141EC23 400,000.00 WELLS_FA 400,000.00 WELLS_FA 400,000.00 SUSQ 99.62 98.75 99.23 398,493.60 395,019.60 396,936.00 (24,422.40) (2,996.40) (21,696.00) (2,664.04) (4,819.18) (3,784.34) 0.25 0.41 0.19 5.37 5.51 5.6304/08/24 07/30/24 05565EBU8 254687FK7 69371RQ66 70,000.00 GOLDMAN 400,000.00 JPM_CHAS 175,000.00 MERRILL 97.52 98.03 96.82 68,266.45 392,135.60 169,439.55 (1,727.25) (6,232.40) (13,454.70) (1,732.44) (7,675.20) (7,436.66) 0.53 0.50 1.00 5.53 5.21 5.05 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 CINTAS CORPORATION NO. 2 CORP NOTE (CALL 025816CQ0 771196BT8 437076CM2 17252MAP5 80,000.00 BARCLAY 410,000.00 DEUTSCH 25,000.00 MORGAN_ 65,000.00 KEYBANC 02/01/25 02/10/25 03/15/25 04/01/25 96.80 97.23 97.63 98.10 77,442.80 398,624.55 24,407.63 63,766.43 (2,476.40) (11,375.45) (548.62) (2,527.93) (11,375.45) (575.13) 0.99 1.01 1.11 1.15 5.29 4.72 4.74 5.03(1,219.27)(1,227.62) 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 90327QD89 369550BG2 225,000.00 MERRILL 225,000.00 JPM_CHA 98.31 98.25 221,195.70 221,067.23 (3,068.55)(3,491.73)1.23 1.10 4.78 4.9103/15/25 06/01/24 (31,180.27)(10,850.62) 46647PCH7 315,000.00 JPM_CHA 98.33 309,748.01 (5,251.99)(5,251.99)0.34 2.10 DTD 06/01/2021 0.824% 06/01/2025 Page 21 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 023135BQ8 63254ABD9 475,000.00 GOLDMAN 250,000.00 CITIGRP 05/03/25 95.09 98.21 451,686.05 245,520.50 (23,081.20) (4,479.50) (23,251.68) (4,479.50) 1.25 1.33 4.61 4.88 DTD 06/09/2022 3.500% 06/09/2025 NATIONAL RURAL UTIL COOP CORPORATE NOTES 63743HFE7 50,000.00 RBC 97.92 48,959.40 (1,027.10)(1,034.67)1.35 5.03 DTD 05/04/2022 3.450% 06/15/2025 IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 ABBOTT LABORATORIES CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 BANK OF AMERICA CORP NOTES (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR 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 DTD 01/10/2022 1.700% 01/08/2027 TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 459200KS9 06051GFS3 002824BM1 225,000.00 JPM_CHA 225,000.00 MERRILL 225,000.00 US_BANC 99.02 98.47 99.00 222,804.00 221,553.45 222,757.43 (2,196.00) (35,365.05) (35,088.07) (2,196.00) (13,108.65) (11,785.13) 1.46 1.45 1.33 4.68 4.95 4.5206/15/25 12/06/24 02/24/25 04/15/26 07/12/26 06051GKE8 46647PCV6 91324PEC2 05565EBW4 14913R2U0 87612EBM7 225,000.00 MERRILL 175,000.00 JPM_CHA 225,000.00 CITIGRP 175,000.00 MITSU 225,000.00 JPM_CHA 40,000.00 CITIGRP 96.49 97.10 92.78 91.76 92.94 93.49 217,100.48 169,919.58 208,744.65 160,583.50 209,105.33 37,395.92 (7,899.52) (5,080.42) (15,863.85) (14,364.00) (14,758.42) (2,536.08) (7,899.52) (5,080.42) (16,076.15) (14,389.90) (15,225.77) (2,563.70) 0.85 1.05 2.18 2.40 2.87 2.80 3.51 4.07 4.50 4.74 4.28 4.3212/15/26 Page 22 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 BANK OF NY MELLON CORP (CALLABLE) CORPOR 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) DTD 09/24/2021 3.300% 04/01/2027 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 06406RBA4 594918BY9 025816CS6 084664CZ2 808513BW4 63254ABE7 475,000.00 DEUTSCH 750,000.00 GOLDMAN 300,000.00 RBS 12/26/26 11/06/26 02/01/27 02/15/27 01/01/27 93.26 97.49 93.70 94.48 95.91 98.25 442,989.28 731,166.75 281,088.00 448,790.45 287,721.00 491,228.00 (30,956.22) 9,224.25 (31,380.56) 2,890.59 2.83 2.62 2.87 2.93 2.77 3.16 4.48 4.19 4.76 4.20 4.70 4.47 3,885.00 (1,852.09) (20,649.95) (663.51) 475,000.00 SEEL (17,298.55) 2,796.00300,000.00 BARCLAY 500,000.00 CBAA 2,903.00 142.66 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 95.51 740,178.48 377,454.38 (884.27) 1,171.88 (8,381.34) 1,425.95 3.19 3.65 4.25 4.44375,000.00 WELLS_F 100.65 DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 TEXAS INSTRUMENTS INC CORP NOTE (CALLABL DTD 11/18/2022 4.600% 02/15/2028 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL 637432NP6 882508BV5 110122DE5 350,000.00 MORGAN_ 85,000.00 JPM_CHA 375,000.00 MKTX 11/07/27 01/15/28 11/20/27 95.98 101.09 98.08 335,931.75 85,927.35 367,781.63 6,742.75 (1,116.05) 9,517.88 2,789.69 (805.28) 6,504.43 3.50 3.59 3.51 4.50 4.30 4.42 DTD 07/15/2020 3.900% 02/20/2028 Page 23 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 LOCKHEED MARTIN CORP NOTES (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028 JOHN DEERE CAPITAL CORP CORPORATE NOTES DTD 07/14/2023 4.950% 07/14/2028 CITIBANK NA CORP NOTES (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028 539830BZ1 24422EXB0 17325FBB3 60,000.00 BARCLAY 375,000.00 CITIGRP 750,000.00 BARCLAY 04/15/28 08/29/28 100.08 102.07 103.79 60,048.00 156.00 141.02 3.85 4.05 4.43 4.43382,768.50 4,903.50 5,204.83 778,422.00 32,142.00 31,928.04 4.02 4.88 Security Type Sub-Total Certificate of Deposit 11,965,000.00 11,676,188.69 (266,904.86)(196,169.63)2.13 4.61 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 101.56 100.18 457,033.71 450,826.65 7,033.71 826.65 7,033.71 826.65 1.70 1.68 4.58 5.41450,000.00 WELLS_F DTD 11/03/2022 5.530% 11/03/2025 Security Type Sub-Total Asset-Backed Security 900,000.00 907,860.36 7,860.36 7,860.36 1.69 4.99 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 HART 2021-C A3 44933LAC7 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 18,336.11 BARCLAY 120,292.16 MITSU 118,768.93 CITIGRP 64,458.89 MERRILL 39,613.16 MERRILL 50,986.18 SMBC 98.78 98.06 98.04 97.28 97.96 97.51 18,111.80 117,960.53 116,441.33 62,704.24 38,806.77 49,718.75 (222.38) (2,329.58) (2,314.80) (1,741.07) (797.84) (223.60) (2,330.82) (2,322.42) (1,748.21) (802.77) 0.22 0.36 0.33 0.57 0.34 0.49 1.14 1.48 1.36 2.29 1.53 1.85(1,256.04)(1,261.64) DTD 11/17/2021 0.740% 05/15/2026 Page 24 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 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 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 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 HAROT 2023-4 A3 254683CP8 362554AC1 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 05522RDG0 02582JJZ4 14041NGD7 254683CZ6 438123AC5 31680EAD3 195,000.00 CITIGRP 57,381.81 JPM_CHA 210,000.00 RBC 97.17 96.81 189,486.96 55,549.12 (5,471.29) (1,831.22) (2,641.61) (977.48) (517.94) (873.04) 273.57 (5,491.01) (1,831.90) (2,643.22) (985.89) (530.09) (873.07) 263.89 0.61 0.61 0.96 1.24 1.15 1.36 1.59 1.51 1.59 1.81 1.97 2.11 2.10 2.11 2.18 2.08 1.88 1.68 1.93 4.39 4.70 4.88 4.74 4.92 5.12 4.76 5.09 4.55 4.76 4.79 4.50 4.74 5.15 5.30 98.74 207,353.43 138,993.55 274,436.99 244,126.84 245,235.13 169,571.63 129,460.60 323,708.38 317,074.11 170,223.57 190,618.98 488,432.15 352,667.00 86,746.75 140,000.00 WELLS_F 275,000.00 RBC 99.28 99.80 245,000.00 MERRILL 245,000.00 RBC 99.64 100.10 99.75170,000.00 JPM_CHA 130,000.00 BNP_PAR 320,000.00 MERRILL 320,000.00 RBC (411.25) (525.84) 3,774.36 (2,907.33) 262.06 (414.59) (528.18) 3,767.81 (2,910.38) 257.13 99.59 101.16 99.09 170,000.00 MERRILL 190,000.00 RBC 100.13 100.33 99.68 635.83 633.65 490,000.00 RBC (1,455.49) 2,714.28 1,761.72 3,220.88 (1,471.13) 2,708.60 1,761.06 3,218.95 350,000.00 MERRILL 85,000.00 JPM_CHA 350,000.00 JPM_CHA 100.76 102.06 100.91 DTD 11/08/2023 5.670% 06/21/2028 FITAT 2023-1 A3 353,199.18 DTD 08/23/2023 5.530% 08/15/2028 Page 25 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 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 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 BACCT 2023-A2 A2 161571HT4 02582JKD1 05522RDH8 405,000.00 JPM_CHA 410,000.00 CITIGRP 180,000.00 MERRILL 101.52 101.75 101.13 411,172.69 417,156.63 182,032.31 6,284.96 7,174.96 2,056.48 6,277.43 7,173.77 2,055.91 2.39 2.39 2.54 4.79 4.81 4.72 DTD 12/14/2023 4.980% 11/15/2028 Security Type Sub-Total 5,349,837.24 5,350,989.42 51,870,987.01 1,884.90 1,749.28 1.73 2.49 4.42 4.33Managed Account Sub-Total 53,627,684.20 (219,866.15)(565,044.87) Joint Powers Authority CAMP Pool 191,349.05 1.00 191,349.05 0.00 0.00 0.00 Liquid Sub-Total 191,349.05 191,349.05 0.00 0.00 0.00 Securities Sub-Total Accrued Interest Total Investments $53,819,033.25 $52,062,336.06 $240,417.99 $52,302,754.05 ($219,866.15)($565,044.87)2.49 4.33% Page 26 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTrade BUY Settle Security Description CUSIP Par Total 01/02/24 01/05/24 US TREASURY NOTES 91282CFZ9 1,175,000.00 (1,170,501.95)(4,478.48)(1,174,980.43) DTD 11/30/2022 3.875% 11/30/2027 Transaction Type Sub-Total INTEREST 1,175,000.00 (1,170,501.95)(4,478.48)(1,174,980.43) 01/01/24 01/01/24 FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 310,000.00 0.00 1,949.90 1,949.90 DTD 09/16/2020 1.258% 07/01/2025 CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028 FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028 FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027 FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028 FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027 FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028 FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 FHMS K061 A2 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/01/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 20772KJW0 3137HBC69 3137HB3G7 3137BXQY1 3137BSP72 3137HAMH6 3137HB3D4 3137F1G44 3137HACX2 3137HAST4 3136BQDE6 3137HAD45 3137BTUM1 60,000.00 400,000.00 275,000.00 550,000.00 550,000.00 800,000.00 180,000.00 550,000.00 550,000.00 375,000.00 550,000.00 438,814.98 379,432.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 599.40 1,619.33 1,113.75 1,477.67 1,215.96 3,100.00 760.35 599.40 1,619.33 1,113.75 1,477.67 1,215.96 3,100.00 760.35 1,486.38 2,208.71 1,515.63 1,920.42 1,746.85 1,058.30 1,486.38 2,208.71 1,515.63 1,920.42 1,746.85 1,058.30 DTD 01/30/2017 3.347% 11/01/2026 Page 27 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 01/01/24 01/01/24 01/01/24 01/01/24 01/08/24 01/25/24 01/25/24 01/25/24 01/25/24 01/08/24 FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028 FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028 FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS 3137BGK24 246,403.24 500,000.00 500,000.00 275,000.00 400,000.00 0.00 628.74 628.74 3137HAQ74 3137HAMS2 3137BNGT5 38141EC23 0.00 0.00 0.00 0.00 1,975.00 2,000.00 629.06 1,975.00 2,000.00 629.06 7,700.00 7,700.00 DTD 07/08/2014 3.850% 07/08/2024 CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 01/10/2022 1.700% 01/08/2027 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 01/12/2023 4.625% 01/12/2028 JOHN DEERE CAPITAL CORP CORPORATE NOTES 01/08/24 01/12/24 01/14/24 01/08/24 01/12/24 01/14/24 14913R2U0 89236TKQ7 24422EXB0 225,000.00 375,000.00 375,000.00 0.00 0.00 0.00 1,912.50 8,671.88 9,281.25 1,912.50 8,671.88 9,281.25 DTD 07/14/2023 4.950% 07/14/2028 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028 COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 COMET 2022-A3 A 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 254683CP8 161571HT4 05522RDH8 14041NGD7 65480JAC4 65480BAC1 14041NGB1 195,000.00 405,000.00 180,000.00 490,000.00 140,000.00 133,305.37 245,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 94.25 1,741.50 771.90 94.25 1,741.50 771.90 1,804.83 520.33 1,804.83 520.33 36.66 36.66 1,010.63 1,010.63 DTD 11/03/2022 4.950% 10/15/2027 Page 28 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 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 TARGET CORP CORP NOTES (CALLABLE) 14318MAD1 210,000.00 132,375.83 170,000.00 40,000.00 0.00 694.75 694.75 89190GAC1 05522RDG0 87612EBM7 0.00 0.00 0.00 28.68 678.58 390.00 28.68 678.58 390.00 DTD 01/24/2022 1.950% 01/15/2027 FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 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 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 GMCAR 2022-4 A3 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/16/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/15/24 01/16/24 344928AD8 31680EAD3 14314QAC8 254683CZ6 44933LAC7 891940AC2 254683CY9 02582JJZ4 44935FAD6 02582JKD1 41285JAD0 36265QAD8 130,000.00 350,000.00 44,027.41 350,000.00 21,690.17 245,000.00 320,000.00 190,000.00 55,241.14 410,000.00 170,000.00 275,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 503.75 1,612.92 19.08 503.75 1,612.92 19.08 1,437.92 6.87 1,437.92 6.87 945.29 1,149.33 771.08 34.07 945.29 1,149.33 771.08 34.07 1,786.92 715.42 1,104.58 1,786.92 715.42 1,104.58 DTD 10/12/2022 4.820% 08/16/2027 Page 29 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 01/16/24 01/18/24 01/21/24 01/21/24 01/21/24 01/26/24 01/16/24 01/18/24 01/21/24 01/21/24 01/21/24 01/26/24 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028 FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 BANK OF NY MELLON CORP (CALLABLE) CORPOR 362554AC1 61,236.98 0.00 34.70 34.70 43815QAC1 43815GAC3 438123AC5 3137EAEU9 06406RBA4 320,000.00 69,655.21 85,000.00 425,000.00 475,000.00 0.00 0.00 0.00 0.00 0.00 1,442.67 51.08 1,442.67 51.08 401.63 796.88 4,868.75 401.63 796.88 4,868.75 DTD 01/26/2022 2.050% 01/26/2027 IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES 01/27/24 01/31/24 01/31/24 01/27/24 01/31/24 01/31/24 459200KS9 91282CCP4 91282CFB2 225,000.00 3,800,000.00 2,600,000.00 0.00 0.00 0.00 4,500.00 11,875.00 35,750.00 4,500.00 11,875.00 35,750.00 DTD 07/31/2022 2.750% 07/31/2027 Transaction Type Sub-Total PAYDOWNS 21,827,182.35 0.00 132,151.13 132,151.13 01/01/24 01/01/24 01/01/24 01/01/24 01/15/24 01/15/24 01/25/24 01/25/24 01/25/24 01/25/24 01/15/24 01/15/24 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028 FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 TAOT 2021-B A3 3137HAD45 3137BGK24 3137HBC69 3137BTUM1 14314QAC8 89190GAC1 225.92 406.84 225.92 406.84 0.00 0.00 0.00 0.00 0.00 0.00 225.92 406.84 0.01 0.00 (20.15) 0.00 0.00 0.00 0.00 0.00 0.00 458.99 458.99 458.99 711.53 711.53 711.53 21.90 0.954,414.25 13,606.90 4,414.25 13,606.90 4,414.25 13,606.90 1.47 DTD 06/14/2021 0.260% 11/17/2025 Page 30 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total PAYDOWNS 01/15/24 01/15/24 01/15/24 01/16/24 01/21/24 01/15/24 01/15/24 01/15/24 01/16/24 01/21/24 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 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 GMCAR 2021-4 A3 44935FAD6 4,254.96 4,254.96 0.00 4,254.96 0.95 0.22 0.35 0.10 1.10 0.00 65480BAC1 44933LAC7 362554AC1 43815GAC3 13,013.21 3,354.06 3,855.17 5,196.32 13,013.21 3,354.06 3,855.17 5,196.32 0.00 0.00 0.00 0.00 13,013.21 3,354.06 3,855.17 5,196.32 0.00 0.00 0.00 0.00 DTD 10/21/2021 0.680% 09/16/2026 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 Transaction Type Sub-Total SELL 49,498.15 49,498.15 0.00 49,498.15 6.90 0.00 01/02/24 01/02/24 01/02/24 01/04/24 01/05/24 01/05/24 PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024 FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 FANNIE MAE NOTES 693475AV7 3130AJHU6 3135G03U5 400,000.00 350,000.00 350,000.00 399,476.00 332,097.50 332,342.50 6,261.11 393.75 443.58 405,737.11 332,491.25 332,786.08 (3,372.00) (16,166.50) (16,936.50) (524.00) (17,459.93) (17,470.53) FIFO FIFO FIFO DTD 04/24/2020 0.625% 04/22/2025 Transaction Type Sub-Total Managed Account Sub-Total Total Security Transactions 1,100,000.00 1,063,916.00 (57,087.80) ($57,087.80) 7,098.44 134,771.09 $134,771.09 1,071,014.44 77,683.29 (36,475.00) (36,468.10) ($36,468.10) (35,454.46) (35,454.46) ($35,454.46)$77,683.29 Page 31 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool Opening Balance 01/02/24 01/02/24 01/02/24 01/02/24 01/04/24 01/04/24 01/05/24 01/05/24 01/05/24 01/05/24 01/05/24 01/05/24 01/08/24 01/08/24 01/12/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 116,772.96 117,372.36 119,322.26 119,759.76 119,947.26 519,423.26 525,684.37 857,781.87 858,175.62 858,619.20 1,190,961.70 20,459.75 15,981.27 17,893.77 25,593.77 34,265.65 43,546.90 43,936.90 44,707.98 46,494.90 47,173.48 47,945.38 01/02/24 01/02/24 01/02/24 01/02/24 01/04/24 01/04/24 01/05/24 01/05/24 01/05/24 01/05/24 01/05/24 01/05/24 01/08/24 01/08/24 01/12/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 Purchase - Interest 20772KJW0 Purchase - Interest 341271AD6 Purchase - Interest 912828YY0 Purchase - Interest 912828ZW3 Purchase - Principal 693475AV7 Purchase - Interest 693475AV7 Purchase - Principal 3130AJHU6 Purchase - Interest 3130AJHU6 Purchase - Interest 3135G03U5 Purchase - Principal 3135G03U5 Redemption - Principal 91282CFZ9 Redemption - Interest 91282CFZ9 Purchase - Interest 14913R2U0 Purchase - Interest 38141EC23 Purchase - Interest 89236TKQ7 Purchase - Interest 24422EXB0 Purchase - Interest 87612EBM7 Purchase - Interest 02582JJZ4 Purchase - Interest 02582JKD1 Purchase - Interest 05522RDG0 Purchase - Interest 05522RDH8 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 1.00 599.40 1,949.90 437.50 187.50 399,476.00 6,261.11 332,097.50 393.75 443.58 332,342.50 (1,170,501.95) (4,478.48) 1,912.50 7,700.00 8,671.88 9,281.25 390.00 771.08 1,786.92 678.58 771.90 Page 32 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 01/16/24 Purchase - Interest 14041NGB1 Purchase - Interest 14041NGD7 Purchase - Interest 14314QAC8 Purchase - Interest 14318MAD1 Purchase - Interest 161571HT4 Purchase - Interest 254683CP8 Purchase - Interest 254683CY9 Purchase - Interest 31680EAD3 Purchase - Interest 344928AD8 Purchase - Interest 41285JAD0 Purchase - Interest 44933LAC7 Purchase - Interest 44935FAD6 Purchase - Interest 65480JAC4 Purchase - Interest 254683CZ6 Purchase - Interest 362554AC1 Purchase - Interest 36265QAD8 Purchase - Interest 65480BAC1 Purchase - Interest 89190GAC1 Purchase - Interest 891940AC2 Purchase - Principal 14314QAC8 Purchase - Principal 44933LAC7 Purchase - Principal 44935FAD6 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 1,010.63 1,804.83 19.08 48,956.01 50,760.84 50,779.92 51,474.67 53,216.17 53,310.42 54,459.75 56,072.67 56,576.42 57,291.84 57,298.71 57,332.78 57,853.11 59,291.03 59,325.73 60,430.31 60,466.97 60,495.65 61,440.94 65,855.19 69,209.25 73,464.21 694.75 1,741.50 94.25 1,149.33 1,612.92 503.75 715.42 6.87 34.07 520.33 1,437.92 34.70 1,104.58 36.66 28.68 945.29 4,414.25 3,354.06 4,254.96 Page 33 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 01/16/24 01/16/24 01/16/24 01/18/24 01/22/24 01/22/24 01/22/24 01/22/24 01/24/24 01/24/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/16/24 01/16/24 01/16/24 01/18/24 01/22/24 01/22/24 01/22/24 01/22/24 01/24/24 01/24/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 Purchase - Principal 65480BAC1 Purchase - Principal 89190GAC1 Purchase - Principal 362554AC1 Purchase - Interest 43815QAC1 Purchase - Interest 3137EAEU9 Purchase - Interest 43815GAC3 Purchase - Interest 438123AC5 Purchase - Principal 43815GAC3 IP Fees December 2023 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 13,013.21 13,606.90 3,855.17 1,442.67 796.88 86,477.42 100,084.32 103,939.49 105,382.16 106,179.04 106,230.12 106,631.75 111,828.07 107,840.27 107,617.98 109,237.31 110,351.06 111,111.41 112,627.04 114,602.04 116,602.04 119,702.04 121,448.89 123,657.60 125,143.98 126,621.65 127,679.95 51.08 401.63 5,196.32 (3,987.80) (222.29) 1,619.33 1,113.75 760.35 U.S. Bank Fees November 2023 Purchase - Interest 3137HBC69 Purchase - Interest 3137HB3G7 Purchase - Interest 3137HB3D4 Purchase - Interest 3137HAST4 Purchase - Interest 3137HAQ74 Purchase - Interest 3137HAMS2 Purchase - Interest 3137HAMH6 Purchase - Interest 3137HAD45 Purchase - Interest 3137HACX2 Purchase - Interest 3137F1G44 Purchase - Interest 3137BXQY1 Purchase - Interest 3137BTUM1 1,515.63 1,975.00 2,000.00 3,100.00 1,746.85 2,208.71 1,486.38 1,477.67 1,058.30 Page 34 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending January 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/26/24 01/29/24 01/31/24 01/31/24 01/31/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/25/24 01/26/24 01/29/24 01/31/24 01/31/24 02/01/24 Purchase - Interest 3137BSP72 Purchase - Interest 3137BNGT5 Purchase - Interest 3137BGK24 Purchase - Interest 3136BQDE6 Purchase - Principal 3137HBC69 Purchase - Principal 3137HAD45 Purchase - Principal 3137BGK24 Purchase - Principal 3137BTUM1 Purchase - Interest 06406RBA4 Purchase - Interest 459200KS9 Purchase - Interest 91282CCP4 Purchase - Interest 91282CFB2 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 1,215.96 629.06 128,895.91 129,524.97 130,153.71 132,074.13 132,533.12 132,759.04 133,165.88 133,877.41 138,746.16 143,246.16 155,121.16 190,871.16 191,349.05 628.74 1,920.42 458.99 225.92 406.84 711.53 4,868.75 4,500.00 11,875.00 35,750.00 477.89Accrual Income Div Reinvestment - Distributions Page 35 Account Statement For the Month Ending January 31, 2024 CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description Closing Balance 191,349.05 Month of Fiscal YTD January January-January Opening Balance Purchases Redemptions (Excl. Checks) Check Disbursements 116,772.96 1,253,766.61 (1,179,190.52) 0.00 116,772.96 1,253,766.61 (1,179,190.52) 0.00 Closing Balance Average Monthly Balance Monthly Distribution Yield 191,349.05 101,882.98 5.54% Closing Balance 191,349.05 191,349.05 Cash Dividends and Income 477.89 477.89 Page 36 Review of Investment Performance CAMP Accounts City Of Lake Elsinore Investment Performance Review For the Quarter Ended December 31, 2023 Client Management Team 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 December 31, 2023 CITY OF LAKE ELSINORE Market Update Current Market Themes ▸ The U.S. economy is characterized by: ▹ Economic resilience but expectations for a slowdown ▹ Cooling inflation that still remains above the Federal Reserve’s (“Fed”) target ▹ The labor market coming into better balance ▹ Consumers that continue to support growth through spending ▸ Federal Reserve signals end to rate hiking cycle ▹ Fed projected to cut the short-term Fed funds rate by 75 basis points by December 2024, with the overnight rate falling to 4.50% to 4.75% ▹ Markets are pricing a more aggressive 6 rate cuts by year end ▹ Fed officials reaffirm that restoring price stability is the priority ▸ Treasury yields ended the quarter materially lower ▹ After peaking in October, yields reversed course on dovish Fed pivot ▹ Yield curve inversion persisted throughout the rally ▹ Credit spreads narrowed sharply on increased expectations for a soft landing 1© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update While Up in December, Inflation Trended Lower During The Quarter Factors Contributing to the Consumer Price Index (CPI YoY) Food Energy Core Goods Core Services CPI 10% 8% 6% 4% 2% 0% -2% Lower energy and goods prices helped to offset increases in wage-driven services costs Dec - 23 3.4% Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Source: Bloomberg, as of December 2023. 2© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update Balanced Risks Support Soft Landing U.S. GDP Forecasts Annualized Rate Actual Range Median of ForecastsEmployment Wages 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Consumer 4.9% Inflation Housing 2.6% Manufacturing Inverted yield curve Credit spreads Fed Policy 2.2%1.7%2.1% 1.3% Q1 '23 Q2 '23 Q3 '23 Q4 '23 2024 2025 Source: Bloomberg, Economist Forecasts. 3© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update Federal Reserve Projects a Soft Landing Change in Real GDP Unemployment Rate 6% 5% 4% 3% 2% 1% 0% 4% 3% 2% 1% 0% September Projections December Projections September Projections December Projections 4.1% 4.1%4.1%4.1%2.6%3.8% 1.9%1.8%1.8% 1.4% 2023 2024 2025 2026 Longer Run 2023 2024 2025 2026 Longer Run PCE Inflation Federal Funds Rate 5%8%September Projections December Projections September Projections December Projections 4% 3% 2% 1% 0% 6% 4% 2% 0% 5.4% 4.6%2.8% 2.4%3.6% 2.9%2.1%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 December 2023. 4© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update Market Expects Lower Rates Implied Fed Funds Rate 6-Month Range Fed Funds as of December 29, 2023 Fed Funds as of September 29, 2023 6.00% 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% Expectations for Fed Funds have reached their most dovish levels in 6 months in response to falling inflation, Fed pivot and moderating-89 bps labor market -108 bps Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 Source: Bloomberg, as of December 2023. 5© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update Rates Fall on Softer Inflation and Fed Pivot 2-Year US Treasury Yield 5.50% 5.25% 5.00% 4.75% 4.50% 4.25% November 14th CPI inflation cools more than markets expected -20 bps December 13th Fed releases updated dot plot showing 3 cuts in ’24November 1st - 3rd Fed keeps rates unchanged and Treasury slows pace of debt issuance -25 bps -30 bps Week of November 27th Fed speeches portend policy shift -41 bps 4.00% Oct-23 Nov-23 Dec-23 Jan-24 Source: Bloomberg, as of 12/31/2023. 6© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update Interest Rates Moderate But Remain High U.S. Treasury Yield Curve 6.0% 5.33% 5.0% 4.25% 4.03%3.88%3.85%4.0% 3.0% 2.0% 1.0% 0.0% 15 Year Range December 31, 2023 September 30, 2023 3-Month 2-Year 5-Year 10-Year 30-YearMaturity Source: Bloomberg, as of December 31, 2023. 7© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update Sector Yield Spreads Federal Agency Yield Spreads Corporate Notes A-AAA Yield Spreads 0.8% 0.6% 0.4% 0.2% 0.0% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% Bullet Callable Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mortgage-Backed Securities Yield Spreads Asset-Backed Securities AAA Yield Spreads 1.5%1.2%Agency MBS Agency CMBS Index 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% 1.0% 0.5% 0.0%Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Source: ICE BofA 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of December 31, 2023. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries. CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index. 8© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update Fixed-Income Markets in 4Q 2023 1-5 Year Indices 1-5 Year Indices Quarterly Returns 1-Year Return 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 8.0% 7.0%6.82%4.13% 3.82%5.89%6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 5.40% 3.10%4.69%2.81%4.30% 2.47% Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of December 31, 2023. 9© PFM Asset Management LLC | pfmam.com Portfolio Review © PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Snapshot Portfolio Snapshot¹ Portfolio Statistics Sector Allocation Total Market Value Managed Account Sub-Total Accrued Interest $52,137,217.16 $51,767,158.04 $253,286.16 $116,772.96 U.S. Treasury | 41% Corporate | 23%Pool Agency CMBS | 14% ABS | 10% Federal Agency | 5% Municipal | 3% Negotiable CD | 2% Supranational | 1% JointPowers Authority | <1% Portfolio Effective Duration Benchmark Effective Duration Yield At Cost 2.52 years 2.53 years 3.49% Yield At Market 4.34% Portfolio Credit Quality AA Credit Quality - S&P Duration Distribution Portfolio Benchmark AAA | 12%50% 40% 30% 20% 10% 0% 45%AAAm | <1% AA+ | 62% AA| 4% AA- | 4% A+ | 3% A| 5% A- | 7% BBB+ | 1% Not Rated | 2% 34% 27% 21%19%18%14% 9%9% 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 December 31, 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 December 31, 2023 CITY OF LAKE ELSINORE Sector Analytics Sector Allocation Analytics U.S. Treasury I $21,516,693 Federal Agency I $2,796,048 Agency MBS I $7,112,424 Supranational I $615,446 Municipal I $1,479,697 41.3% 5.4% 13.6% 1.2% 2.8% Negotiable CD I $914,348 Corporate I $12,177,870 Asset-Backed I $5,407,918 CAMP I $116,773 1.8% 23.4% 10.4% 0.2% 0%10%20%30%40%50%60%70%80%90%100% Sector Limit for Analysis*Portfolio Allocation For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Compliance Certificate of Compliance During the reporting period for the quarter ended December 31, 2023, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM. Acknowledged : PFM Asset Management LLC Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM"). 12© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Portfolio Activity Net Activity by Sector ($ millions) Sector Net Activity $1,704,970 $527,867 Agency CMBS CorporateAgency CMBS Corporate ABS ABS $105,973 U.S. Treasury Supranational Federal Agency Total Net Activity ($255,496) ($500,625) ($1,301,422) $281,267 U.S. Treasury Supranational Federal Agency a e ($1.5)($1.0) ($0.5) Sales/Maturities $0.0 $0.5 $1.0 $1.5 $2.0 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 December 31, 2023 CITY OF LAKE ELSINORE Portfolio Characteristics Historical Sector Allocation 10%10% 22% 2% 23% 2%3%3%2%1% 10%14% 8%5% 42%41% 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 December 31, 2023 CITY OF LAKE ELSINORE Portfolio Performance Portfolio Performance Portfolio Benchmark 6.0% 4.0% 2.0% 0.0% -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 $342,941 $1,323,515 $1,666,456 $1,086,145 $1,200,023 $2,286,168 $1,949,849 ($1,640,737) $309,112 $3,467,413 $93,247 $5,928,488 ($246,419) $5,682,069$3,560,660 Portfolio 3.30% 3.10% 0.20% 4.93% 4.30% 0.63% -0.50% -0.76% 0.26% 1.53% 1.21% 0.32% 1.43% 1.15% 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 December 31, 2023 CITY OF LAKE ELSINORE Portfolio Performance Accrual Basis Earnings Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned²$342,941 ($98,240) $99,125 $1,086,145 ($468,974) $457,835 $1,949,849 ($708,094) $357,676 $3,467,413 ($4,490) $5,928,488 ($7,046)Realized Gains / (Losses)³ Change in Amortized Cost Total Earnings $398,797 $3,861,721 $217,028 $6,138,470$343,825 $1,075,007 $1,599,431 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. 16© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Market Update Fixed-Income Sector Outlook – 1Q 2024 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 17© PFM Asset Management LLC | pfmam.com Issuer Distribution © PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Summary Issuer Diversification Security Type / Issuer U.S. Treasury Market Value (%) S&P / Moody's / Fitch Security Type / Issuer Market Value (%) S&P / Moody's / Fitch 23.4%41.4%Corporate UNITED STATES TREASURY 41.4%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% 1.5% 0.8% 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 Agency 5.4% AMERICAN EXPRESS CO AMERICAN HONDA FINANCE APPLE INC FANNIE MAE 2.4% 0.9% 2.0% 13.7% AA / Aaa / AA AA / Aaa / NR AA / Aaa / AA FEDERAL HOME LOAN BANKS FREDDIE MAC AA / Aaa / NR A / A / AA AA / Aa / A A / A / NR A / A / NR A / A / A BANK OF AMERICA CO BERKSHIRE HATHAWAY INC BMW FINANCIAL SERVICES NA LLC BRISTOL-MYERS SQUIBB CO CATERPILLAR INC Agency CMBS FANNIE MAE FREDDIE MAC Supranational 1.1% 12.6% 1.2% AA / Aaa / AA AA / Aaa / AA INTER-AMERICAN DEVELOPMENT BANK 1.2%AAA / Aaa / AAA CHARLES SCHWAB A / A / A Municipal 2.8%CINTAS CORPORATION NO. 2 CITIGROUP INC A / A / NR A / Aa / A A / A / A CALIFORNIA STATE UNIVERSITY 0.2% 0.2% AA / Aa / NR AA / Aa / NRCHAFFEY JOINT UNION HIGH SCHOOL DISTRICT DEERE & COMPANY GENERAL DYNAMICS CORP GOLDMAN SACHS GROUP INC HOME DEPOT INC A / A / NR BBB / A / A A / A / A FLORIDA STATE BOARD OF ADMIN FIN CORP 0.6% 0.3% AA / Aa / AA LOS ANGELES COMMUNITY COLLEGE DISTRICT AA / Aaa / NR NEW YORK ST URBAN DEVELOPMENT CORP SAN JUAN UNIFIED SCHOOL DISTRICT STATE OF CALIFORNIA 0.6% 0.2% 0.4% 0.1% 0.2% 0.2% 1.8% NR / NR / AA NR / Aa / NR AA / Aa / AA AA / Aa / AA AAA / Aaa / AAA AA / Aa / AA IBM CORP A / A / A JP MORGAN CHASE & CO LOCKHEED MARTIN CORP MICROSOFT CORP A / A / AA A / A / A STATE OF CONNECTICUT AAA / Aaa / NR A / A / ASTATE OF MINNESOTA MORGAN STANLEY UNIVERSITY OF CALIFORNIA Negotiable CD NATIONAL AUSTRALIA BANK LTD AA / Aa / NR A / A / ANATIONAL RURAL UTILITIES CO FINANCE CORPNORDEA BANK ABP 0.9% 0.9% AA / Aa / AA A / A / NR PACCAR FINANCIAL CORP 0.3% 0.8% A / A / NR A / A / ATORONTO-DOMINION BANK PNC FINANCIAL SERVICES GROUP 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. 18© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Summary Issuer Diversification Security Type / Issuer Corporate Market Value (%) S&P / Moody's / Fitch 23.4% ROCHE HOLDINGS INC TARGET CORP 0.8% 0.1% 0.2% 1.3% 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% 10.4% A / A / A A / A / A A / A / A AA / Aa / NR AMERICAN EXPRESS CO 1.2% 0.7% 1.4% 0.5% 0.8% 1.7% 0.7% 0.2% 0.6% AAA / NR / AAA AAA / Aaa / 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 HARLEY-DAVIDSON MOTORCYCLE TRUST HONDA AUTO RECEIVABLES HYUNDAI AUTO RECEIVABLES NISSAN AUTO RECEIVABLES TOYOTA MOTOR CORP 0.3% 0.9% NR / Aaa / AAA AAA / Aaa / AAA AAA / NR / AAA AAA / Aaa / NR AAA / NR / AAA 0.1% 0.5% 0.7% Total 100.0% Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds. 19© PFM Asset Management LLC | pfmam.com Portfolio Transactions © PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon BUY 10/2/2023 10/11/2023 10/25/2023 11/1/2023 11/14/2023 11/28/2023 12/1/2023 12/6/2023 12/7/2023 10/4/2023 10/19/2023 10/31/2023 11/8/2023 11/21/2023 12/7/2023 12/5/2023 12/14/2023 12/14/2023 750,000.00 500,000.00 375,000.00 85,000.00 17325FBB3 3137HAQ74 3137HAST4 438123AC5 3137HB3D4 3137HB3G7 91282CFZ9 3137HBC69 05522RDH8 CITIBANK NA CORP NOTES (CALLABLE) FHMS K508 A2 5.80% 4.74% 4.85% 5.67% 5.06% 4.86% 3.87% 4.85% 4.98% 9/29/2028 8/1/2028 746,884.48 490,217.00 364,559.51 84,985.03 5.92% 5.26% 5.60% 5.67% 5.14% 4.93% 4.24% 4.86% 4.98% FHMS K509 A2 9/1/2028 HAROT 2023-4 A3 FHMS K510 A2 6/21/2028 10/1/2028 10/1/2028 11/30/2027 5/1/2028 180,000.00 275,000.00 1,200,000.00 400,000.00 180,000.00 3,945,000.00 179,986.52 274,432.68 1,184,744.63 400,698.51 179,975.83 3,906,484.19 FHMS K511 A2 US TREASURY NOTES FHMS KJ48 A1 BACCT 2023-A2 A2 11/15/2028 Total BUY INTEREST 10/1/2023 10/1/2023 10/1/2023 10/1/2023 10/1/2023 10/1/2023 0.00 10/1/2023 300,000.00 380,000.00 275,000.00 550,000.00 500,000.00 550,000.00 808513BW4 3137BTUM1 3137BNGT5 3137HACX2 3137HAMS2 3137BXQY1 CHARLES SCHWAB CORP NOTES (CALLABLE) FHMS K061 A2 3.30% 3.34% 2.74% 4.81% 4.80% 3.22% 4/1/2027 11/1/2026 1/1/2026 6/1/2028 9/1/2028 3/1/2027 4,950.00 1,059.88 629.06 10/25/2023 10/25/2023 10/25/2023 10/25/2023 10/25/2023 FHMS K054 A2 FHMS K505 A2 2,208.71 2,000.00 1,477.67 FHMS K507 A2 FHMS K064 A2 20© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 10/1/2023 10/1/2023 10/1/2023 10/1/2023 10/1/2023 10/1/2023 10/14/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/25/2023 10/25/2023 10/25/2023 10/25/2023 10/25/2023 10/25/2023 10/14/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 550,000.00 550,000.00 550,000.00 439,574.59 800,000.00 250,000.00 350,000.00 490,000.00 190,000.00 410,000.00 405,000.00 245,000.00 32,583.46 3136BQDE6 3137F1G44 3137BSP72 3137HAD45 3137HAMH6 3137BGK24 3130AJHU6 14041NGD7 02582JJZ4 02582JKD1 161571HT4 891940AC2 44933LAC7 31680EAD3 14318MAD1 254683CY9 65480BAC1 FNA 2023-M6 A2 4.19% 3.24% 2.65% 4.77% 4.65% 3.06% 0.50% 4.42% 4.87% 5.23% 5.16% 4.63% 0.38% 5.53% 3.97% 4.31% 0.33% 7/1/2028 1,920.42 1,486.38 1,215.96 1,749.87 3,100.00 637.92 FHLMC MULTIFAMILY STRUCTURED P FHMS K058 A2 4/1/2027 8/1/2026 FHMS KJ46 A1 6/1/2028 FHMS K506 A2 8/1/2028 FHMS K043 A2 12/1/2024 4/14/2025 5/15/2028 5/15/2028 9/15/2028 9/15/2028 9/15/2027 9/15/2025 8/15/2028 4/15/2027 3/15/2028 10/15/2025 FEDERAL HOME LOAN BANK NOTES COMET 2023-A1 A AMXCA 2023-1 A 875.00 1,804.83 771.08 AMXCA 2023-3 A 1,548.66 1,741.50 945.29 CHAIT 2023-A1 A TAOT 2023-A A3 HART 2021-A A3 10.32 350,000.00 210,000.00 320,000.00 174,780.61 FITAT 2023-1 A3 1,612.92 694.75CARMX 2022-3 A3 DCENT 2023-A1 A NAROT 2021-A A3 1,149.33 48.06 21© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/16/2023 10/16/2023 10/18/2023 10/20/2023 10/21/2023 10/22/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/16/2023 10/16/2023 10/18/2023 10/20/2023 10/21/2023 10/22/2023 245,000.00 170,000.00 140,000.00 195,000.00 68,549.39 170,000.00 25,000.00 176,061.06 130,000.00 350,000.00 57,634.38 275,000.00 73,291.67 320,000.00 7,905.67 14041NGB1 05522RDG0 65480JAC4 254683CP8 44935FAD6 41285JAD0 437076CM2 89190GAC1 344928AD8 254683CZ6 14314QAC8 36265QAD8 362554AC1 43815QAC1 380144AD7 43815GAC3 3135G03U5 COMET 2022-A3 A 4.95% 4.79% 4.46% 0.58% 0.74% 5.05% 2.70% 0.26% 4.65% 4.93% 0.52% 4.82% 0.68% 5.41% 0.41% 0.88% 0.62% 10/15/2027 5/15/2028 5/17/2027 9/15/2026 5/15/2026 12/15/2027 4/15/2025 11/17/2025 2/15/2028 6/15/2028 2/17/2026 8/16/2027 9/16/2026 2/18/2028 5/20/2025 1/21/2026 4/22/2025 1,010.63 678.58 520.33 94.25 BACCT 2023-A1 A1 NAROT 2022-B A3 DCENT 2021-A1 A1 HART 2021-C A3 42.27 HDMOT 2023-A A3 HOME DEPOT INC (CALLABLE) CORPORATE NOTE TAOT 2021-B A3 715.42 337.50 38.15 FORDO 2023-A A3 503.75 1,437.92 24.97 DCENT 2023-A2 A CARMX 2021-2 A3 GMCAR 2022-4 A3 1,104.58 41.53GMCAR 2021-4 A3 HAROT 2023-3 A3 1,442.67 2.70GMALT 2021-2 A4 85,713.92 350,000.00 HAROT 2021-4 A3 62.86 FANNIE MAE NOTES 1,093.75 22© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 10/25/2023 10/26/2023 10/29/2023 10/31/2023 10/31/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/1/2023 10/25/2023 10/26/2023 10/29/2023 10/31/2023 10/31/2023 11/1/2023 450,000.00 210,000.00 400,000.00 1,200,000.00 1,025,000.00 65,000.00 89115B6K1 06406RAS6 61746BDQ6 91282CEN7 91282CBW0 17252MAP5 90327QD89 13077DQD7 3137HACX2 3137HAQ74 3136BQDE6 3137BNGT5 3137BGK24 3137HAMS2 3137HAD45 3137BXQY1 3137HAMH6 TORONTO DOMINION BANK NY CERT DEPOS BANK OF NY MELLON CORP NOTES (CALLABLE) MORGAN STANLEY CORP NOTES US TREASURY NOTES 5.60% 0.50% 3.87% 2.75% 0.75% 3.45% 3.37% 0.86% 4.81% 4.74% 4.19% 2.74% 3.06% 4.80% 4.77% 3.22% 4.65% 10/27/2025 4/26/2024 4/29/2024 4/30/2027 4/30/2026 5/1/2025 5/1/2025 11/1/2025 6/1/2028 8/1/2028 7/1/2028 1/1/2026 12/1/2024 9/1/2028 6/1/2028 3/1/2027 8/1/2028 25,130.00 525.00 7,750.00 16,500.00 3,843.75 1,121.25 3,796.88 366.35 US TREASURY NOTES CINTAS CORPORATION NO. 2 CORP NOTE (CALL USAA CAPITAL CORP CORPORATE NOTES CA ST UNIV TXBL REV BONDS FHMS K505 A2 11/1/2023 225,000.00 85,000.0011/1/2023 11/25/2023 11/25/2023 11/25/2023 11/25/2023 11/25/2023 11/25/2023 11/25/2023 11/25/2023 11/25/2023 550,000.00 500,000.00 550,000.00 275,000.00 247,236.53 500,000.00 439,312.38 550,000.00 800,000.00 2,208.71 1,975.00 1,920.42 629.06 FHMS K508 A2 FNA 2023-M6 A2 FHMS K054 A2 FHMS K043 A2 630.87 FHMS K507 A2 2,000.00 1,748.83 1,477.67 3,100.00 FHMS KJ46 A1 FHMS K064 A2 FHMS K506 A2 23© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 11/1/2023 11/1/2023 11/1/2023 11/1/2023 11/3/2023 11/7/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/25/2023 11/25/2023 11/25/2023 11/25/2023 11/3/2023 380,000.00 550,000.00 550,000.00 375,000.00 450,000.00 650,000.00 140,000.00 28,771.97 3137BTUM1 3137BSP72 3137F1G44 3137HAST4 65558UYF3 3135G06G3 65480JAC4 44933LAC7 14318MAD1 91412HGE7 44935FAD6 14041NGD7 254683CY9 91324PEC2 02582JJZ4 02582JKD1 891940AC2 FHMS K061 A2 3.34% 2.65% 3.24% 4.85% 5.53% 0.50% 4.46% 0.38% 3.97% 0.88% 0.74% 4.42% 4.31% 1.15% 4.87% 5.23% 4.63% 11/1/2026 8/1/2026 1,059.88 1,215.96 1,486.38 1,515.63 12,442.50 1,625.00 520.33 FHMS K058 A2 FHLMC MULTIFAMILY STRUCTURED P FHMS K509 A2 4/1/2027 9/1/2028 NORDEA BANK ABP NEW YORK CERT DEPOS FANNIE MAE NOTES NAROT 2022-B A3 11/3/2025 11/7/2025 5/17/2027 9/15/2025 4/15/2027 5/15/2025 5/15/2026 5/15/2028 3/15/2028 5/15/2026 5/15/2028 9/15/2028 9/15/2027 11/7/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 HART 2021-A A3 9.11 210,000.00 85,000.00 CARMX 2022-3 A3 694.75 UNIV OF CAL TXBL REV BONDS HART 2021-C A3 375.28 63,922.68 39.42 490,000.00 320,000.00 225,000.00 190,000.00 410,000.00 245,000.00 COMET 2023-A1 A 1,804.83 1,149.33 1,293.75 771.08 DCENT 2023-A1 A UNITEDHEALTH GROUP INC (CALLABLE) CORPOR AMXCA 2023-1 A AMXCA 2023-3 A 1,786.92 945.29TAOT 2023-A A3 24© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/16/2023 11/16/2023 11/18/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/16/2023 11/16/2023 11/18/2023 245,000.00 170,000.00 130,000.00 52,946.61 14041NGB1 05522RDG0 344928AD8 14314QAC8 89190GAC1 539830BZ1 41285JAD0 912828U24 254683CP8 254683CZ6 31680EAD3 369550BG2 161571HT4 65480BAC1 362554AC1 36265QAD8 43815QAC1 COMET 2022-A3 A 4.95% 4.79% 4.65% 0.52% 0.26% 4.45% 5.05% 2.00% 0.58% 4.93% 5.53% 3.50% 5.16% 0.33% 0.68% 4.82% 5.41% 10/15/2027 5/15/2028 2/15/2028 2/17/2026 11/17/2025 5/15/2028 12/15/2027 11/15/2026 9/15/2026 6/15/2028 8/15/2028 5/15/2025 9/15/2028 10/15/2025 9/16/2026 8/16/2027 2/18/2028 1,010.63 678.58BACCT 2023-A1 A1 FORDO 2023-A A3 503.75 CARMX 2021-2 A3 22.94 161,204.86 60,000.00 TAOT 2021-B A3 34.93 LOCKHEED MARTIN CORP NOTES (CALLABLE) HDMOT 2023-A A3 1,260.83 715.42170,000.00 12,825,000.00 195,000.00 350,000.00 350,000.00 225,000.00 405,000.00 160,682.51 69,087.56 US TREASURY NOTES DCENT 2021-A1 A1 128,250.00 94.25 DCENT 2023-A2 A 1,437.92 1,612.92 3,937.50 1,741.50 44.19 FITAT 2023-1 A3 GENERAL DYNAMICS CORP (CALLABLE) CORP NO CHAIT 2023-A1 A NAROT 2021-A A3 GMCAR 2021-4 A3 39.15 275,000.00 320,000.00 GMCAR 2022-4 A3 1,104.58 1,442.67HAROT 2023-3 A3 25© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 11/21/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/1/2023 12/3/2023 11/21/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/25/2023 12/1/2023 80,224.67 550,000.00 550,000.00 550,000.00 500,000.00 439,089.13 800,000.00 375,000.00 500,000.00 550,000.00 246,832.58 550,000.00 275,000.00 180,000.00 380,000.00 315,000.00 475,000.00 43815GAC3 3137BXQY1 3137HACX2 3137F1G44 3137HAQ74 3137HAD45 3137HAMH6 3137HAST4 3137HAMS2 3136BQDE6 3137BGK24 3137BSP72 3137BNGT5 3137HB3D4 3137BTUM1 46647PCH7 023135BQ8 HAROT 2021-4 A3 0.88% 3.22% 4.81% 3.24% 4.74% 4.77% 4.65% 4.85% 4.80% 4.19% 3.06% 2.65% 2.74% 5.06% 3.34% 0.82% 0.80% 1/21/2026 3/1/2027 6/1/2028 4/1/2027 8/1/2028 6/1/2028 8/1/2028 9/1/2028 9/1/2028 7/1/2028 12/1/2024 8/1/2026 1/1/2026 10/1/2028 11/1/2026 6/1/2025 6/3/2025 58.83 FHMS K064 A2 1,477.67 2,208.71 1,486.38 1,975.00 1,747.94 3,100.00 1,515.63 2,000.00 1,920.42 629.83 FHMS K505 A2 FHLMC MULTIFAMILY STRUCTURED P FHMS K508 A2 FHMS KJ46 A1 FHMS K506 A2 FHMS K509 A2 FHMS K507 A2 FNA 2023-M6 A2 FHMS K043 A2 FHMS K058 A2 1,215.96 629.06FHMS K054 A2 FHMS K510 A2 760.35 FHMS K061 A2 1,059.88 1,297.80 1,900.00 JPMORGAN CHASE & CO (CALLABLE) CORP NOTE AMAZON INC CORP NOTES (CALLABLE)12/3/2023 26© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 12/6/2023 12/6/2023 225,000.00 500,000.00 250,000.00 210,000.00 405,000.00 195,000.00 140,000.00 245,000.00 190,000.00 50,000.00 06051GKE8 63254ABE7 63254ABD9 14318MAD1 161571HT4 254683CP8 65480JAC4 891940AC2 02582JJZ4 63743HFE7 44935FAD6 14041NGD7 254683CY9 14314QAC8 89190GAC1 02582JKD1 65480BAC1 BANK OF AMERICA CORP NOTES (CALLABLE) NATIONAL AUSTRALIA BK/NY CORPORATE NOTES NATIONAL AUSTRALIA BK/NY CORPORATE NOTES CARMX 2022-3 A3 1.53% 3.90% 3.50% 3.97% 5.16% 0.58% 4.46% 4.63% 4.87% 3.45% 0.74% 4.42% 4.31% 0.52% 0.26% 5.23% 0.33% 12/6/2025 6/9/2027 1,721.25 9,762.50 4,375.00 694.75 1,741.50 94.25 12/9/2023 12/9/2023 12/9/2023 12/9/2023 6/9/2025 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 4/15/2027 9/15/2028 9/15/2026 5/17/2027 9/15/2027 5/15/2028 6/15/2025 5/15/2026 5/15/2028 3/15/2028 2/17/2026 11/17/2025 9/15/2028 10/15/2025 CHAIT 2023-A1 A DCENT 2021-A1 A1 NAROT 2022-B A3 520.33 945.29 771.08 862.50 36.67 TAOT 2023-A A3 AMXCA 2023-1 A NATIONAL RURAL UTIL COOP CORPORATE NOTES HART 2021-C A359,471.73 490,000.00 320,000.00 48,380.22 COMET 2023-A1 A 1,804.83 1,149.33 20.96 DCENT 2023-A1 A CARMX 2021-2 A3 146,429.92 410,000.00 146,397.68 TAOT 2021-B A3 31.73 AMXCA 2023-3 A 1,786.92 40.26NAROT 2021-A A3 27© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/16/2023 12/16/2023 12/18/2023 12/21/2023 12/21/2023 12/27/2023 12/31/2023 12/31/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/16/2023 12/16/2023 12/18/2023 12/21/2023 12/21/2023 12/27/2023 12/31/2023 12/31/2023 130,000.00 170,000.00 350,000.00 170,000.00 350,000.00 25,148.51 344928AD8 05522RDG0 254683CZ6 41285JAD0 31680EAD3 44933LAC7 14041NGB1 362554AC1 36265QAD8 43815QAC1 438123AC5 43815GAC3 02665WCZ2 912828YY0 912828ZW3 FORDO 2023-A A3 4.65% 4.79% 4.93% 5.05% 5.53% 0.38% 4.95% 0.68% 4.82% 5.41% 5.67% 0.88% 2.40% 1.75% 0.25% 2/15/2028 5/15/2028 6/15/2028 12/15/2027 8/15/2028 9/15/2025 10/15/2027 9/16/2026 8/16/2027 2/18/2028 6/21/2028 1/21/2026 6/27/2024 12/31/2024 6/30/2025 503.75 BACCT 2023-A1 A1 DCENT 2023-A2 A 678.58 1,437.92 715.42HDMOT 2023-A A3 FITAT 2023-1 A3 1,612.92 7.96HART 2021-A A3 245,000.00 65,083.25 COMET 2022-A3 A 1,010.63 36.88GMCAR 2021-4 A3 275,000.00 320,000.00 85,000.00 GMCAR 2022-4 A3 1,104.58 1,442.67 575.66 HAROT 2023-3 A3 HAROT 2023-4 A3 74,789.59 HAROT 2021-4 A3 54.85 400,000.00 50,000.00 AMERICAN HONDA FINANCE CORP NOTE US TREASURY NOTES US TREASURY NOTES 4,800.00 437.50 150,000.00 55,516,107.13 187.50 Total INTEREST 356,129.89 0.00 28© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon MATURITY 10/16/2023 11/6/2023 11/24/2023 11/27/2023 12/4/2023 10/16/2023 11/6/2023 11/24/2023 11/27/2023 12/4/2023 325,000.00 350,000.00 500,000.00 325,000.00 300,000.00 1,800,000.00 3137EAEY1 3137EAEZ8 459058JM6 3135G06H1 3137EAFA2 FREDDIE MAC NOTES 0.12% 0.25% 0.25% 0.25% 0.25% 10/16/2023 11/6/2023 11/24/2023 11/27/2023 12/4/2023 325,203.13 350,437.50 500,625.00 325,406.25 300,375.00 1,802,046.88 FREDDIE MAC NOTES INTL BK RECON & DEVELOP NOTES FANNIE MAE NOTES FREDDIE MAC NOTES Total MATURITY PAYDOWNS 0.00 10/1/2023 10/1/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/16/2023 10/20/2023 10/21/2023 10/25/2023 2,763.47 262.21 3137BGK24 3137HAD45 65480BAC1 89190GAC1 14314QAC8 44933LAC7 44935FAD6 362554AC1 380144AD7 43815GAC3 FHMS K043 A2 3.06% 4.77% 0.33% 0.26% 0.52% 0.38% 0.74% 0.68% 0.41% 0.88% 12/1/2024 6/1/2028 2,763.47 262.2110/25/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/15/2023 10/16/2023 10/20/2023 10/21/2023 FHMS KJ46 A1 14,098.10 14,856.20 4,687.77 3,811.49 4,626.71 4,204.11 7,905.67 5,489.25 NAROT 2021-A A3 TAOT 2021-B A3 CARMX 2021-2 A3 HART 2021-A A3 HART 2021-C A3 GMCAR 2021-4 A3 GMALT 2021-2 A4 HAROT 2021-4 A3 10/15/2025 11/17/2025 2/17/2026 9/15/2025 5/15/2026 9/16/2026 5/20/2025 1/21/2026 14,098.10 14,856.20 4,687.77 3,811.49 4,626.71 4,204.11 7,905.67 5,489.25 29© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 11/1/2023 11/25/2023 11/25/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/16/2023 11/21/2023 12/25/2023 12/25/2023 12/25/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 403.95 3137BGK24 3137HAD45 89190GAC1 65480BAC1 44933LAC7 14314QAC8 44935FAD6 362554AC1 43815GAC3 3137HAD45 3137BTUM1 3137BGK24 44935FAD6 89190GAC1 14314QAC8 65480BAC1 44933LAC7 FHMS K043 A2 3.06% 4.77% 0.26% 0.33% 0.38% 0.52% 0.74% 0.68% 0.88% 4.77% 3.34% 3.06% 0.74% 0.26% 0.52% 0.33% 0.38% 12/1/2024 6/1/2028 403.95 11/1/2023 223.25 14,774.94 14,284.83 3,623.46 4,566.39 4,450.95 4,004.31 5,435.08 274.15 FHMS KJ46 A1 223.25 14,774.94 14,284.83 3,623.46 4,566.39 4,450.95 4,004.31 5,435.08 274.15 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/15/2023 11/16/2023 11/21/2023 12/1/2023 TAOT 2021-B A3 NAROT 2021-A A3 HART 2021-A A3 CARMX 2021-2 A3 HART 2021-C A3 GMCAR 2021-4 A3 HAROT 2021-4 A3 FHMS KJ46 A1 11/17/2025 10/15/2025 9/15/2025 2/17/2026 5/15/2026 9/16/2026 1/21/2026 6/1/2028 12/1/2023 567.98 FHMS K061 A2 11/1/2026 12/1/2024 5/15/2026 11/17/2025 2/17/2026 10/15/2025 9/15/2025 567.98 12/1/2023 429.34 FHMS K043 A2 429.34 12/15/2023 12/15/2023 12/15/2023 12/15/2023 12/15/2023 4,230.59 14,054.09 4,352.81 13,092.31 3,458.34 HART 2021-C A3 TAOT 2021-B A3 CARMX 2021-2 A3 NAROT 2021-A A3 HART 2021-A A3 4,230.59 14,054.09 4,352.81 13,092.31 3,458.34 30© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 12/16/2023 12/21/2023 12/16/2023 12/21/2023 3,846.27 362554AC1 43815GAC3 GMCAR 2021-4 A3 HAROT 2021-4 A3 0.68% 0.88% 9/16/2026 1/21/2026 3,846.27 5,134.385,134.38 Total PAYDOWNS SELL 163,912.40 163,912.40 0.00 10/2/2023 10/2/2023 10/2/2023 10/11/2023 10/16/2023 10/26/2023 12/7/2023 12/7/2023 12/7/2023 Total SELL 10/4/2023 200,000.00 225,000.00 400,000.00 50,000.00 91282CBC4 172967JP7 91282CBC4 91282CDV0 91282CDV0 912828YY0 91282CDV0 912828YY0 91282CBW0 US TREASURY NOTES CITIGROUP INC CORP NOTES US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES 0.37% 3.30% 0.37% 0.87% 0.87% 1.75% 0.87% 1.75% 0.75% 12/31/2025 4/27/2025 12/31/2025 1/31/2024 1/31/2024 12/31/2024 1/31/2024 12/31/2024 4/30/2026 180,765.96 219,017.63 361,531.94 49,457.20 -16,483.37 -17,534.70 -32,228.42 -108.60 10/4/2023 10/4/2023 10/18/2023 10/19/2023 10/31/2023 12/14/2023 12/14/2023 12/14/2023 50,000.00 49,464.25 -107.77 250,000.00 300,000.00 100,000.00 175,000.00 1,750,000.00 241,472.07 299,212.30 97,485.57 -14,562.35 -309.26 -4,948.99 -11,956.79 -98,240.25 160,851.03 1,659,257.95 31© PFM Asset Management LLC | pfmam.com Portfolio Holdings © PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Managed Account Detail of Securities Held Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate U.S. Treasury US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 912828YY0 912828ZW3 91282CBW0 91282CBW0 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 912828U24 912828U24 912828U24 912828U24 91282CEN7 50,000.00 150,000.00 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 8/5/2020 4/1/2021 8/7/2020 4/5/2021 53,441.41 0.18 147,093.75 0.72 71,458.01 1.92 756,109.37 1.33 732,343.75 2.84 179,007.81 3.53 819,035.16 2.94 226,250.00 3.03 819,562.50 3.04 690,468.75 2.74 8,922,578.13 3.72 907,092.77 3.96 1,954,066.41 3.92 228,144.53 4.39 1,155,421.88 3.70 2.40 50,781.65 148,974.26 73,039.91 48,523.44 140,859.38 69,386.71 US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 1.03 95.81US TREASURY NOTES DTD 04/30/2021 0.750% 04/30/2026 2/10/2022 2/14/2022 US TREASURY NOTES DTD 04/30/2021 0.750% 04/30/2026 775,000.00 800,000.00 200,000.00 900,000.00 250,000.00 900,000.00 750,000.00 9,500,000.00 975,000.00 2,100,000.00 250,000.00 1,200,000.00 1/4/2022 7/5/2022 9/1/2022 6/2/2022 5/3/2022 1/6/2022 7/8/2022 9/6/2022 6/6/2022 5/5/2022 990.04 764,805.06 757,053.78 186,113.31 849,690.71 235,547.48 847,598.81 711,511.02 9,066,727.08 924,443.09 1,993,617.56 234,425.01 1,164,988.74 716,996.06 732,750.00 183,187.50 824,343.75 228,984.38 824,343.75 686,953.12 8,983,437.50 921,984.38 1,985,812.50 236,406.25 1,154,625.00 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 2,092.39 523.10US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 2,353.94 653.87US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 8/8/2022 8/15/2022 8/1/2022 8/4/2022 2,353.94 1,961.62 24,532.97 2,517.86 5,423.08 645.60 US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 1/13/2023 1/17/2023 1/4/2023 1/6/2023US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 12/5/2022 12/7/2022 11/1/2022 11/4/2022 1/31/2023 2/3/2023 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 US TREASURY NOTES 5,620.88 DTD 04/30/2022 2.750% 04/30/2027 32© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate U.S. Treasury US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 91282CFB2 91282CFB2 91282CFB2 91282CFB2 91282CFZ9 825,000.00 600,000.00 AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa 6/2/2023 7/3/2023 5/1/2023 3/2/2023 6/6/2023 7/7/2023 5/5/2023 3/6/2023 786,779.30 3.97 565,640.63 4.30 362,329.10 3.62 746,531.25 4.44 1,184,109.38 4.24 21,307,463.89 3.59 9,494.23 6,904.89 4,315.56 9,206.52 4,065.57 83,755.30 792,048.51 569,759.13 792,128.86 576,093.72US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 375,000.00 364,301.77 360,058.58 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 800,000.00 756,540.01 768,124.96 US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027 1,200,000.00 22,675,000.00 12/1/2023 12/5/2023 1,184,404.05 21,676,370.94 1,197,937.44 21,432,937.28Security Type Sub-Total Supranational INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024 4581X0DZ8 635,000.00 AAA Aaa 9/15/2021 9/23/2021 634,530.10 0.52 864.31 634,885.95 614,581.58 Security Type Sub-Total 635,000.00 634,530.10 0.52 864.31 634,885.95 614,581.58 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 4,760.00 4,009.25 8,769.25 450,000.00 450,000.00 900,000.00 458,633.30 446,945.85 905,579.15 NORDEA BANK ABP NEW YORK CERT 65558UYF3 DEPOS DTD 11/03/2022 5.530% 11/03/2025 AA-Aa3 Security Type Sub-Total Municipal CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 20772KJW0 60,000.00 AA- AA- Aa3 Aa1 5/29/2020 6/11/2020 11/6/2019 12/5/2019 60,000.00 2.00 100,000.00 2.10 599.40 875.42 60,000.00 58,998.60 98,242.00CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 DTD 12/05/2019 2.101% 08/01/2024 100,000.00 100,000.00 33© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Municipal NY ST URBAN DEV CORP TXBL REV BONDS 650036DT0 325,000.00 NR NR 12/16/2020 12/23/2020 325,000.00 0.87 832.54 325,000.00 308,376.25 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 65,000.00 AA AA Aa2 Aa3 7/10/2020 7/16/2020 9/3/2020 9/16/2020 85,000.00 0.88 65,459.55 1.11 95.90 85,000.00 65,143.72 80,679.45 61,727.25FL ST BOARD OF ADMIN TXBL REV BONDS 408.85 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 AA AA Aa3 Aa3 9/3/2020 9/16/2020 9/3/2020 9/16/2020 85,563.55 1.12 160,000.00 1.26 534.65 85,176.25 80,720.25 FL ST BOARD OF ADMIN TXBL REV BONDS 160,000.00 1,006.40 160,000.00 151,944.00 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 0.77 461.50 450.92 130,000.00 140,000.00 122,638.10 131,584.60LOS 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 0.86 262.50 122.12 100,000.00 85,000.00 94,005.00 79,352.60CA 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 1.58 3,230.67 8,880.87 200,000.00 1,535,319.97 202,548.00 1,470,816.10Security Type Sub-Total Joint Powers Authority CAMP Pool 116,772.96 AAAm NR 116,772.96 0.00 116,772.96 116,772.96 116,772.96 116,772.96 0.00 116,772.96 116,772.96Security Type Sub-Total 34© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Federal Agency FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025 3130AJHU6 3135G03U5 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 3135G06G3 350,000.00 350,000.00 425,000.00 350,000.00 150,000.00 700,000.00 650,000.00 2,975,000.00 AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa 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 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 2,963,904.50 0.52 374.31 349,553.63 349,811.45 424,342.07 349,459.39 149,848.60 699,271.10 649,136.16 2,971,422.40 332,520.30 332,732.05 399,351.68 327,743.50 140,413.65 653,903.60 606,037.25 2,792,702.03 FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025 419.27 708.33 459.38 182.81 714.58 487.50 3,346.18 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 FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024 693475AV7 808513BN4 06406RAS6 400,000.00 105,000.00 210,000.00 A- A- A A3 A2 A1 2/12/2019 2/15/2019 3/16/2021 3/18/2021 4/19/2021 4/26/2021 402,848.00 3.34 104,947.50 0.77 209,775.30 0.54 6,144.44 225.31 189.58 400,000.00 104,996.31 209,976.22 399,574.80 103,883.33 206,645.25 CHARLES 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 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 2,669.44 106.67 401,565.44 399,804.78 397,572.00 394,030.80AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS 38141EC23 400,000.00 BBB+A2 7/8/2019 7/11/2019 418,632.00 2.84 7,400.56 401,053.63 396,079.60 DTD 07/08/2014 3.850% 07/08/2024 35© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 05565EBU8 254687FK7 69371RQ66 025816CQ0 771196BT8 437076CM2 90327QD89 17252MAP5 369550BG2 70,000.00 400,000.00 175,000.00 80,000.00 410,000.00 25,000.00 225,000.00 65,000.00 225,000.00 315,000.00 475,000.00 250,000.00 A A- A2 A2 8/9/2021 8/12/2021 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 2.76 224,264.25 3.49 64,985.70 3.46 252,247.50 0.80 315,000.00 0.82 474,767.25 0.81 250,000.00 3.50 202.71 69,998.71 399,783.00 177,032.98 79,968.45 410,000.00 24,981.54 224,666.13 64,993.65 232,443.47 315,000.00 474,933.77 250,000.00 68,080.18 390,472.00 169,285.73 77,427.60 397,900.49 24,381.63 220,595.85 63,830.39 220,957.65 309,543.57 450,045.88 245,772.50 WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024 9/3/2019 9/6/2019 2,352.78 1,268.75 585.00 PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 A+ BBB+ AA A A1 10/22/2020 10/29/2020 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.250% 03/04/2025 A2 3/1/2022 3/4/2022 ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 Aa2 A2 3/3/2022 3/10/2022 3/24/2022 3/28/2022 5/23/2022 5/26/2022 4/26/2022 5/3/2022 10/16/2020 10/20/2020 5/24/2021 6/1/2021 2,695.20 142.50HOME DEPOT INC (CALLABLE) CORPORATE NOTE DTD 03/28/2022 2.700% 04/15/2025 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 AA A- Aa1 A3 1,265.63 373.75CINTAS CORPORATION NO. 2 CORP NOTE (CALL DTD 05/03/2022 3.450% 05/01/2025 GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 A-A3 1,006.25 216.30JPMORGAN 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 AA AA- A1 6/3/2020 6/5/2020 295.56 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES Aa3 5/31/2022 6/9/2022 534.72 DTD 06/09/2022 3.500% 06/09/2025 36© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate NATIONAL RURAL UTIL COOP CORPORATE NOTES 63743HFE7 50,000.00 A-A2 4/27/2022 5/4/2022 49,986.50 3.46 76.67 49,993.70 48,968.05 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 3,850.00 3,632.81 2,567.19 225,000.00 235,209.68 235,134.20 222,493.28 222,185.03 222,583.05 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 91324PEC2 05565EBW4 14913R2U0 87612EBM7 06406RBA4 594918BY9 225,000.00 175,000.00 225,000.00 175,000.00 225,000.00 40,000.00 A- A- A+ A A1 A1 A2 A2 A2 A2 A1 Aaa 12/1/2021 12/6/2021 2/16/2022 2/24/2022 5/17/2021 5/19/2021 8/12/2021 8/16/2021 1/11/2022 1/13/2022 1/19/2022 1/24/2022 1/26/2022 1/28/2022 3/14/2023 3/17/2023 225,000.00 1.53 175,000.00 2.60 224,608.50 1.19 174,947.50 1.26 223,863.75 1.81 39,932.00 1.99 473,945.50 2.10 721,942.50 4.36 239.06 1,602.05 330.63 225,000.00 175,000.00 224,814.13 174,972.51 224,311.76 39,958.46 216,295.43 169,541.93 208,299.60 160,218.63 207,993.83 37,327.28 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 BMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 844.62 CATERPILLAR FINL SERVICE CORPORATE NOTES DTD 01/10/2022 1.700% 01/08/2027 A 1,838.13 359.67TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 A BANK OF NY MELLON CORP (CALLABLE) CORPOR DTD 01/26/2022 2.050% 01/26/2027 475,000.00 750,000.00 A 4,192.53 9,968.75 474,351.92 727,664.49 441,818.88 730,581.75MICROSOFT CORP CORP NOTES (CALLABLE) AAA DTD 02/06/2017 3.300% 02/06/2027 37© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.550% 03/04/2027 025816CS6 300,000.00 475,000.00 300,000.00 500,000.00 BBB+ AA A2 Aa2 A2 1/13/2023 1/18/2023 3/15/2022 3/17/2022 2/17/2023 2/22/2023 1/13/2023 1/18/2023 277,203.00 4.59 466,089.00 2.70 284,925.00 4.66 488,325.00 4.50 2,486.25 3,216.81 2,475.00 1,193.19 282,470.83 469,288.95 288,072.75 490,859.56 280,753.50 447,941.15 285,968.70 489,165.50 BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 808513BW4 63254ABE7 A- NATIONAL 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 6,804.93 8,141.93 747,938.40 376,050.55 742,405.83 379,230.38TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 637432NP6 882508BV5 110122DE5 539830BZ1 24422EXB0 350,000.00 85,000.00 375,000.00 60,000.00 375,000.00 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 4.04 358,263.75 4.93 59,892.00 4.49 377,865.00 4.78 4,760.00 1,477.11 5,321.88 341.17 332,785.82 86,769.83 360,989.77 59,905.14 377,612.58 334,339.60 86,368.59 368,560.88 60,281.76 384,516.00 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) DTD 05/25/2023 4.450% 05/15/2028 A- A A2 JOHN DEERE CAPITAL CORP CORPORATE NOTES A2 8,610.94 DTD 07/14/2023 4.950% 07/14/2028 38© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate CITIBANK NA CORP NOTES (CALLABLE) 17325FBB3 750,000.00 A+Aa3 10/2/2023 10/4/2023 746,280.00 5.92 11,122.42 746,438.29 780,822.75 DTD 09/29/2023 5.803% 09/29/2028 12,365,000.00 12,345,941.55 3.13 113,128.89 12,271,791.40 12,064,740.63Security Type Sub-Total Agency CMBS FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 3137BNGT5 3137BSP72 3137BTUM1 3137BXQY1 246,403.24 275,000.00 550,000.00 379,432.02 550,000.00 550,000.00 400,000.00 550,000.00 438,814.98 550,000.00 800,000.00 500,000.00 500,000.00 AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa 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 12/6/2023 12/14/2023 7/13/2023 7/20/2023 7/19/2023 7/27/2023 7/18/2023 7/31/2023 9/7/2023 9/14/2023 258,607.89 1.95 263,613.28 4.37 526,839.84 4.02 367,752.63 4.31 518,804.69 4.98 527,033.20 4.44 399,996.80 4.86 555,493.40 4.59 438,804.03 4.78 540,675.78 4.58 788,165.60 4.99 489,032.00 5.26 494,023.50 5.07 628.74 629.06 248,791.42 266,617.63 531,905.53 369,815.34 522,090.95 530,375.63 399,996.83 554,983.61 438,805.01 541,474.85 788,806.98 489,440.69 494,301.33 241,470.71 265,159.80 525,101.46 368,373.42 531,336.07 530,852.51 405,352.19 559,019.43 440,732.53 546,132.14 809,248.43 507,553.87 509,185.98 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 1,058.30 1,477.67 1,486.38 1,619.33 2,208.71 1,746.85 1,920.42 3,100.00 1,975.00 2,000.00 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 KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028 3137HBC69 3137HACX2 3137HAD45 3136BQDE6 3137HAMH6 3137HAQ74 3137HAMS2 FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 FHMS KJ46 A1 DTD 07/01/2023 4.777% 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 K508 A2 DTD 10/01/2023 4.740% 08/01/2028 Aaa 10/11/2023 10/19/2023 FHMS K507 A2 Aaa 9/20/2023 9/28/2023 DTD 09/01/2023 4.800% 09/01/2028 39© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Rating Date Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPPar Agency CMBS FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028 3137HAST4 3137HB3G7 3137HB3D4 375,000.00 275,000.00 180,000.00 7,119,650.24 AA+ AA+ AA+ Aaa 10/25/2023 10/31/2023 Aaa 11/28/2023 12/7/2023 Aaa 11/14/2023 11/21/2023 363,043.88 5.60 274,209.93 4.93 179,479.62 5.14 6,985,576.07 4.69 1,515.63 1,113.75 760.35 363,410.25 274,219.71 179,490.12 6,994,525.88 382,526.16 280,826.30 185,097.21 7,087,968.21 FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028 FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028 Security Type Sub-Total ABS 24,456.15 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 44933LAC7 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 14318MAD1 65480JAC4 36265QAD8 891940AC2 21,690.17 133,305.37 132,375.83 69,655.21 44,027.41 55,241.14 195,000.00 61,236.98 210,000.00 140,000.00 275,000.00 245,000.00 AAA AAA AAA NR NR Aaa NR 4/20/2021 4/28/2021 6/15/2021 6/23/2021 6/8/2021 6/14/2021 21,687.89 0.38 133,303.10 0.33 132,361.56 0.26 69,640.53 0.89 44,017.91 0.52 55,228.80 0.75 194,958.25 0.58 61,235.41 0.68 209,995.04 3.97 139,971.03 4.46 274,954.93 4.82 244,999.88 4.63 3.66 19.55 15.30 17.03 10.18 18.17 50.27 17.35 370.53 277.51 552.29 504.16 21,689.28 133,304.43 132,369.78 69,647.95 44,023.22 55,234.63 194,977.26 61,236.11 209,996.56 139,978.91 274,966.29 244,999.90 21,394.07 130,387.22 129,378.38 67,579.09 43,051.23 53,766.56 188,543.45 59,216.83 207,139.07 139,020.59 273,901.27 243,659.48 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 Aaa 11/16/2021 11/24/2021 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 AAA AAA AAA AAA AAA AAA AAA AAA NR NR 4/13/2021 4/21/2021 11/9/2021 11/17/2021 9/20/2021 9/27/2021 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 Aaa GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 Aaa 10/13/2021 10/21/2021 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 NR Aaa NR NR 7/12/2022 7/20/2022 9/20/2022 9/28/2022 10/4/2022 10/12/2022 1/24/2023 1/30/2023 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 40© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate ABS COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 02582JJZ4 14041NGD7 05522RDG0 254683CZ6 438123AC5 31680EAD3 161571HT4 02582JKD1 05522RDH8 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 85,000.00 AAA NR NR Aaa NR 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 11/1/2023 11/8/2023 8/15/2023 8/23/2023 9/7/2023 9/15/2023 9/12/2023 9/19/2023 12/7/2023 12/14/2023 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 84,985.03 5.67 349,978.30 5.53 404,887.73 5.17 409,981.67 5.23 179,975.83 4.98 5,396,794.25 4.33 539.00 244,970.58 169,985.92 129,988.54 319,939.33 319,984.17 189,985.03 489,901.36 169,965.78 349,957.59 84,985.45 246,024.61 169,586.32 129,403.27 324,447.46 317,760.99 191,464.35 487,976.84 170,556.34 352,800.39 86,794.19 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 381.56 268.67 625.16 612.98 411.24 962.58 361.91 766.89 133.88 860.22 928.80 953.02 423.30 10,085.21 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 NR DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 Aaa NRAMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 AAA AAA AAA AAA NR COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 NR BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 NR DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 Aaa Aaa Aaa NR HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 350,000.00 405,000.00 410,000.00 180,000.00 5,397,532.11 AAA AAA AAA NR 349,979.86 404,893.60 409,982.59 179,976.04 5,396,920.16 353,832.05 411,241.05 417,045.97 181,861.99 5,397,833.06 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 NR BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028 Aaa Security Type Sub-Total Managed Account Sub Total Securities Sub Total Accrued Interest 53,602,182.35 $53,718,955.31 52,070,233.46 3.49 253,286.16 52,381,236.70 $52,498,009.66 51,767,158.04 $51,883,931.00 $253,286.16 $52,187,006.42 3.49%$253,286.16 41© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Portfolio Holdings Total Investments $52,137,217.16 42© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Appendix Important Disclosures This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances. Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request. PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO. It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets. Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be lower than the performance shown. The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion as of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and data presented are not necessarily indicative of future events or expected performance. For more information regarding PFMAM's services or entities, please visit www.pfmam.com. © 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 43© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Appendix Important Disclosures This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and other information about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC. Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimated market value. In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded. Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns. Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets. Money market fund/cash balances are included in performance and duration computations. Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings. Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity. MBS maturities are represented by expected average life. 44© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Appendix Glossary Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made. Agencies: Federal agency securities and/or Government-sponsored enterprises. Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis. Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables. Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer. Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory. Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector added or subtracted from the overall portfolio performance. Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years. Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding on investment returns, while nominal yield does not. FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount. Interest Rate: Interest per year divided by principal amount and expressed as a percentage. Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date. Maturity: The date upon which the principal or stated value of an investment becomes due and payable. Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets. Par Value: The nominal dollar face amount of a security. Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security. 45© PFM Asset Management LLC | pfmam.com For the Quarter Ended December 31, 2023 CITY OF LAKE ELSINORE Appendix Glossary Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day. Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose decisions are binding on its members. Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place. Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place. U.S. Treasury: The department of the U.S. government that issues Treasury securities. Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time period from purchase date to maturity, stated as a percentage on an annualized basis. YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 46© PFM Asset Management LLC | pfmam.com