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Item No. 15 - SA Investment Report for July 2024
15)Sa Investment Report for July 2024 Receive and file the Investment Report for July 2024. Page 1 of 1 REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE To:Honorable Agency Chair and Members of the Successor Agency From:Jason Simpson, Executive Director Prepared by:Shannon Buckley, Assistant Executive Director Date:August 27, 2024 Subject:SA Investment Report for July 2024 Recommendation Receive and file the Investment Report for July 2024. Discussion The Investment Report is a listing of all funds invested for the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report. The Review of the Investment Performance for the quarter ended June 30, 2024, is included. Fiscal Impact No fiscal impact. Attachments Attachment 1- Investment Report for July 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 JULY 31, 2024 BANK DEPOSITS IN TRANSIT OUTSTANDING PAYMENTS BOOK CASH ACCOUNTS Bank Accounts: BALANCE BALANCE General Checking Account $1,308,034 $564,312 $(5,446)$1,866,900 Cash On Hand: Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund - - - - - - 300 2,000 Total Cash Accounts 1,308,034 564,312 (5,446)1,869,200 INVESTMENTS Local Agency Investment Funds 90,003,505 --90,003,505 CAMP Investments: CAMP Pool Account 47,107 22,048,379 - 1,336,023 8,257,218 2,266,362 11,957,396 900,000 - - - - - - - - - - - - - - - - - - - - 47,107 22,048,379 - 1,336,023 8,257,218 2,266,362 11,957,396 900,000 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 Bank Note Asset-Backed Security 525,525 5,544,480 525,525 5,544,480 Sub-total Investments 142,885,995 --142,885,995 Market Value Adjustment: Unrealized Gain/(Loss) at 4/30/2024 (821,059)--(821,059) Total Investments 142,064,936 143,372,971 --142,064,936 143,934,136Total Pooled Cash and Investments $$564,312 $(5,446)$ $TOTAL POOLED CASH AND INVESTMENTS 143,934,136 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 11, 2024. 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 August 16, 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 JULY 31, 2024 FUND NO FUND NAME AMOUNT 100 102 106 107 108 109 110 111 112 114 115 116 117 118 119 121 135 140 160 202 203 205 211 221 231 232 300 305 310 315 320 331 332 334 335 336 337 338 339 340 345 346 347 350 351 354 General $15,137,802 24,085,984 1,482,139 636,491 5,466,095 1,953,963 979,972 63,146 Measure Z Affordable Housing In Lieu Developer Agreement Revenue American Rescue Plan Road Maintenance and Rehabilitation (SB1) State Gas Tax TUMF C.I.P. Measure A 1,043,942 69,401SB1186 CASP Education Program Traffic Safety 20,882 City Hall-Public Works DIF Community Center DIF 377,552 472,655 703,307 193,470 520 Lake Side Facility DIF Animal Shelter DIF T.R.I.P.-2014A Lighting & Landscape Maintenance - Dist. No. 1 Geothermal 1,710,746 12,292 PEG Grant 1,928 La Strada RBBD 25,070 E.L.S.P. - S.T.I.F.3,535,230 796,095 3,406,130 94,156 Traffic Impact Fee Storm Drain C.I.P. Quimby Park C.I.P. Library C.I.P.1,126,304 1,055,656 332,965 3,037,728 29,146 City Fire Protection Insurance Service Information Systems Service Support Service Fleet Service 2,328 Facilities Service 2,370,379 146,828 116,939 116,787 137,351 139,209 866,540 231,408 175,835 201,679 1,576,526 71,451 CFD 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 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 181,728 937,854 234,449 1,041,495 CFD 2006-1 IA-II Summerly Improvement CFD 90-2 Tuscany Hills 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 JULY 31, 2024 FUND NO FUND NAME AMOUNT 900,075355 357 361 363 364 366 368 369 370 371 372 374 375 377 378 384 385 386 387 388 389 390 392 394 395 396 397 500 510 603 604 605 606 608 617 RAD 2021-1 Canyon Hills Improvement CFD 2003-2 Canyon Hills Improvement Area CFD 2022-2 Lakeshore Improvement CFD 2022-3 Lakeside 581,858 13,069 2,812 CFD 2023-2 Coastal Mission Trail Improvement CFD 2005-6 City Center Townhomes CFD 2006-2 Viscaya 7,940 218,250 453,824 1,427,125 217,545 536,969 1,285,137 6,921 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 255,830 97,364CFD 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 108,250 1,591,560 1,477,714 121,940 93,033CFD 2007-5 Red Kite CFD 2007-6 Holiday Inn Express CFD 88-3 (2008A) West Lake Elsinore Series A CFD 2003-2 Area C Canyon Hills Improvement Area CFD 95-1 City Center 6,040 1,092 553,685 126,541 237,649 4,480 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 196,627 231,900 3,371,806 2,813,594 64,190 Successor To RDA Area I, II, & III Endowment Trust - Carl Graves Endowment Trust - Korn Memorial Public Improvement Trust 35,321 2,138,348 123,648 1,601,888 41,613,074 Mobile Source Air Polution Reduction Trust Deposit & Pre Paid Expense Successor Agency Housing 620 631 Cost Recovery System 4,554,716 462,769Lake Destratification Equipment Replacement Total Pooled Cash & Investments $143,934,136 C I T Y O F L A K E E L S I N O R E SUMMARY OF POLICY LIMITATIONS FOR THE MONTH ENDING JULY 31, 2024 MAXIMUM PERCENTAGE DIVERSIFICATION PERCENTAGE CURRENT BALANCETYPES OF SECURITIES CAMP - Pooled Sweep Account U.S. Treasury Bond / Note Unlimited Unlimited 30% 0.03%$ $ $ $ $ 47,107 15.49% 0.00% 22,048,379 -Supra-National Agency Bond / Note Municipal Bond / Note Unlimited 40% 0.94%1,336,023 8,257,218Federal Agency Collaterized Mortgage Obligation 5.80% (1)Federal Agency Bond / Note Corporate Note Unlimited 30% 1.59% 8.40% 0.63% 3.89% $ $ $ $ 2,266,362 11,957,396 900,000Negotiable Certificates of Deposit Asset-Backed Security / Collaterized Mortgage 30% 20%5,544,480 (2)LAIF (Local Agency Investment Funds) TOTAL $150 Million 63.22%$ $ 90,003,505 100.00%142,360,470 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 8/07/24 Quarterly Performance Quarter Ended 06/30/24 PMIA Average Monthly Effective Yields(1) (2)4.55 July June May 4.516 4.480 4.332 4.272 4.232 4.122 LAIF Apportionment Rate :(2)0.00012419067099490 0.16 0.996316042 4.52 4.36 LAIF Earnings Ratio : :(1)*LAIF Administrative Cost (1)AprilLAIF Fair Value Factor :(1)March February PMIA Daily : (1)PMIA Quarter to Date :(1)217PMIA Average Life : Pooled Money Investment Account Monthly Portfolio Composition (1) 6/30/24 $178.0 billion Corporate Bonds 0.39%Commercial Paper 6.56%Time Deposits 2.84% Loans 0.20% Certificates of Deposit/Bank Notes 8.68% Treasuries 56.92% Agencies 24.41% Chart does not include $1,567,000.00 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 l aw 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 subseque nt 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 JULY 31, 2024 Yield Purchase Date Maturity Rate 24-Hour4.516%Daily Investment Beginning Balance Net Increase/(Decrease)Ending Balance 90,003,505 Total Investments Held with Local Agency Investment Fund:$94,146,410 $(4,142,904)$ 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 July 31, 2024 CAMP Pool Asset Summary Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 88,805.27 1,130,657.05 (1,172,355.57) 0.00 July 31, 2024 June 30, 2024 CAMP Pool 47,106.75 88,805.27 CAMP Managed Account 52,987,315.38 52,198,072.57 0.00 Total $53,034,422.13 $52,286,877.84Closing Market Value Cash Dividends and Income CAMP Managed Account $47,106.75 Asset Allocation1,217.04 CAMP Pool 0.09%Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 52,198,072.57 1,166,868.64 (989,204.58) 0.00 611,578.75 Closing Market Value $52,987,315.38 Cash Dividends and Income 105,622.24 CAMP Managed Account 99.91% Page 1 Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Transaction Summary - Money Market Opening Market Value Transaction Summary - Managed Account Account Total $88,805.27 Opening Market Value $52,198,072.57 Opening Market Value $52,286,877.84 Purchases Redemptions 1,130,657.05 (1,172,355.57) Maturities/Calls (513,060.05) (476,144.53) 1,166,868.64 0.00 Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value 611,578.75__________________________________________________________________________________________________________________________________________________ Closing Market Value $47,106.75 Closing Market Value $52,987,315.38 Closing Market Value $53,034,422.13 Dividend 1,217.04 Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Dividends/Coupons Received Less Purchased Interest Related to Interest/Coupons Plus Net Realized Gains/Losses 121,610.43 (1,407.46) (14,580.73) Closing Cash Balance $0.00 Total Cash Basis Earnings $105,622.24 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 53,145,429.23 351,795.63 477,741.33 521,359.45 111,714.23 (1,168,276.10) (52,942,503.35) (329,637.31) 0.00 53,192,535.98 351,795.63 1,650,096.90 521,359.45 111,714.23 Maturities/Calls Sale Proceeds Coupon/Interest/Dividend Income Principal Payments Security Purchases 468,299.40 477,741.33 111,714.23 53,060.05 (1,168,276.10) 57,461.09 0.00 (2,298,933.15) Net Cash Contribution (53,031,308.62) Reconciling Transactions (329,637.31) 1,217.04 Total Accrual Basis Earnings $167,623.11 $168,840.15 Page 2 Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Account Summary Sector Allocation Description Par Value Market Value Percent ABS 10.48% Bank Note 1.00% Cert of Deposit 1.71% U.S. Treasury Bond / Note Municipal Bond / Note Federal Agency Commercial Mortgage-Backed Security Federal Agency Bond / Note Corporate Note Certificate of Deposit Bank Note Asset-Backed Security Managed Account Sub-Total Accrued Interest 23,250,000.00 1,335,000.00 8,385,679.63 22,355,277.23 1,301,446.85 8,341,719.95 42.14 2.45 15.73 US TSY Bond / Note 42.14% 2,275,000.00 12,020,000.00 900,000.00 525,000.00 5,545,284.98 54,235,964.61 2,168,033.80 11,831,544.02 904,842.47 527,882.78 5,556,568.28 52,987,315.38 99.91% 351,795.63 53,339,111.01 47,106.75 53,386,217.76 100.00% 4.09 22.31 1.71 1.00 10.48 Corporate Note 22.31% Fed Agy Bond / Note 4.09% Federal Agency Commercial Mortgage-Backed Security Muni Bond / Note 2.45%Total Portfolio CAMP Pool Total Investments 54,235,964.61 47,106.75 54,283,071.36 0.09 Joint Powers Authority 0.09% 15.73% Unsettled Trades 0.00 0.00 Maturity Distribution Characteristics 34.20%33.52%Yield to Maturity at Cost 3.95% 4.41% 1077 Yield to Maturity at Market Weighted Average Days to Maturity 16.77% 8.39% 6.25% 0.87% 0 - 6 Months 0.00% Over 5 Years6 - 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 July 31, 2024 Issuer Summary Credit Quality (S&P Ratings) Market Value of Holdings 222,860.93 381,230.25 343,630.18 459,010.55 1,471,892.47 742,067.93 795,821.32 450,640.58 782,030.80 233,068.15 366,652.13 80,829.05 Issuer ABBOTT LABORATORIES ADOBE INC AIR PRODUCTS & CHEMICALS AMAZON.COM INC AMERICAN EXPRESS CO APPLE INC BANK OF AMERICA CO BERKSHIRE HATHAWAY INC BLACKROCK 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 Percent 0.42 0.72 0.65 0.87 2.78 1.40 1.50 0.85 1.47 0.44 0.69 0.15 0.09 1.38 0.37 0.40 0.19 0.54 0.77 0.12 0.81 1.47 0.72 1.63 2.81 0.27 0.66 0.56 0.24 16.72 0.42 0.58 A NR 2.32% BBB+ 0.68% AAAm 0.09% AAA 10.55% AA- 5.67% 5.84% A+ 4.78% A- 3.09% AA 3.61% AA+ 63.37%47,106.75 732,629.09 194,672.65 210,223.58 100,000.00 288,936.90 408,884.96 64,153.25 427,321.86 779,433.75 381,696.75 861,861.72 1,494,459.48 143,068.50 352,451.05 299,227.50 129,441.39 8,872,225.77 222,047.78 307,775.30 CHASE ISSURANCE CINTAS CORPORATION NO. 2 CISCO SYSTEMS INC 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 Page 4 Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Market Value of Holdings 169,788.49 404,428.21 443,294.15 26,033.88 Issuer Percent 0.32 0.76 0.84 0.05 0.42 0.33 0.11 1.38 1.00 1.39 0.73 0.60 0.35 0.85 0.32 0.76 0.24 0.38 0.18 0.07 0.16 0.84 0.86 1.25 42.14 0.40 0.16 0.42 HARLEY-DAVIDSON MOTORCYCLE TRUST HOME DEPOT INC HONDA AUTO RECEIVABLES HYUNDAI AUTO RECEIVABLES IBM CORP JP MORGAN CHASE & CO LOCKHEED MARTIN CORP MICROSOFT CORP 222,747.53 172,484.90 59,963.70 731,241.75 527,882.78 738,313.25 385,383.10 316,325.75 183,982.64 451,297.80 171,781.05 402,893.47 124,827.30 201,896.00 95,942.25 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 MINNESOTA TARGET CORP 37,717.92 85,459.17TEXAS INSTRUMENTS INC THE BANK OF NEW YORK MELLON CORPORATION TORONTO-DOMINION BANK TOYOTA MOTOR CORP UNITED STATES TREASURY UNITEDHEALTH GROUP INC UNIVERSITY OF CALIFORNIA USAA CAPITAL CORP 446,625.88 453,544.67 661,872.66 22,355,277.23 211,581.00 82,399.00 222,084.23 Total $53,034,422.13 100.00% Page 5 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 06/30/2020 0.250% 06/30/2025 912828ZW3 912828U24 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 91282CFZ9 91282CFZ9 91282CGP0 91282CGP0 91282CGP0 91282CGP0 91282CCH2 50,000.00 AA+ 9,500,000.00 AA+ 1,200,000.00 AA+ 375,000.00 AA+ 400,000.00 AA+ 600,000.00 AA+ 825,000.00 AA+ 1,175,000.00 AA+ 1,200,000.00 AA+ 400,000.00 AA+ 600,000.00 AA+ 1,350,000.00 AA+ 2,450,000.00 AA+ 225,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 04/01/21 01/13/23 01/31/23 05/01/23 03/02/23 07/03/23 06/02/23 01/02/24 12/01/23 04/03/24 02/02/24 03/01/24 05/01/24 07/01/24 04/05/21 01/17/23 02/03/23 05/05/23 03/06/23 07/07/23 06/06/23 01/05/24 12/05/23 04/05/24 02/06/24 03/06/24 05/06/24 07/03/24 49,031.25 0.72 8,922,578.13 3.72 1,155,421.88 3.70 362,329.10 3.62 373,265.62 4.44 565,640.63 4.30 786,779.30 3.97 1,170,501.95 3.98 1,184,109.38 4.24 393,640.63 4.45 602,507.81 3.89 1,335,287.11 4.30 2,383,390.63 4.79 198,641.60 4.49 10.87 40,271.74 8,339.67 28.02 49,791.47 9,154,703.37 1,171,126.52 366,045.24 381,811.31 574,687.44 797,418.57 1,171,161.66 1,186,728.71 394,167.23 602,208.70 1,336,783.68 2,387,547.74 199,165.88 47,992.19 9,051,718.75 1,158,000.00 361,054.69 385,125.00 577,687.50 794,320.31 1,169,308.54 1,194,187.44 399,875.00 599,812.50 1,349,578.13 2,449,234.37 202,851.56 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 DTD 07/31/2022 2.750% 07/31/2027 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 29.89 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 44.84 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 61.65 US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027 7,712.94 7,877.05 6,695.65 10,043.48 22,597.83 41,010.87 244.57 US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 06/30/2021 1.250% 06/30/2028 Page 6 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 91282CCH2 2,900,000.00 AA+Aaa 06/06/24 06/11/24 2,565,253.91 4.39 3,152.17 2,576,789.08 2,614,531.25 DTD 06/30/2021 1.250% 06/30/2028 Security Type Sub-Total Municipal Bond / Note 23,250,000.00 22,048,378.93 4.04 148,121.24 22,350,136.60 22,355,277.23 CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024 157411TK5 650036DT0 91412HGE7 341271AD6 341271AD6 341271AD6 60412AK85 100,000.00 AA- 325,000.00 NR 85,000.00 AA 65,000.00 AA 85,000.00 AA 160,000.00 AA 100,000.00 AAA Aa1 NR 11/06/19 12/16/20 07/10/20 09/03/20 09/03/20 09/03/20 05/07/24 12/05/19 12/23/20 07/16/20 09/16/20 09/16/20 09/16/20 05/07/24 100,000.00 2.10 325,000.00 0.87 85,000.00 0.88 65,459.55 1.11 85,563.55 1.12 160,000.00 1.26 100,000.00 5.29 1,050.50 1,068.17 158.45 68.14 100,000.00 325,000.00 85,000.00 65,087.76 85,107.62 160,000.00 100,000.00 100,000.00 316,325.75 82,399.00 62,741.25 82,046.25 154,440.00 95,942.25 NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025 UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025 Aa2 Aa3 Aa3 Aa3 Aaa 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 167.73 315.00MINNESOTA ST-F-UNREF MUNICIPAL 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 798306WP7 13077DQD7 13063D3N6 130,000.00 NR 85,000.00 AA- 200,000.00 AA- Aa2 Aa2 Aa2 10/16/20 07/09/21 03/09/23 10/29/20 07/29/21 03/15/23 130,000.00 0.85 85,000.00 0.86 200,000.00 4.85 553.80 183.18 130,000.00 85,000.00 200,000.00 124,827.30 80,829.05 201,896.00 CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025 CA ST MUNICIPAL BONDS 4,038.33 DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,335,000.00 1,336,023.10 1.98 7,692.41 1,335,195.38 1,301,446.85 Federal Agency Commercial Mortgage-Backed Security Page 7 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 3137BNGT5 3137BSP72 3137BTUM1 3137BXQY1 3137F1G44 3137HBC69 3137HAD45 3137HACX2 3136BQDE6 3137HAQ74 3137HAMH6 3137HAST4 3137HAMS2 243,429.67 AA+ 275,000.00 AA+ 550,000.00 AA+ 374,232.24 AA+ 550,000.00 AA+ 550,000.00 AA+ 396,010.63 AA+ 437,007.09 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+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 03/19/20 04/11/23 04/06/23 05/19/23 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 03/25/20 04/14/23 04/12/23 05/24/23 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 09/28/23 255,487.04 1.95 263,613.28 4.37 526,839.84 4.02 362,712.91 4.31 518,804.69 4.98 527,033.20 4.44 396,007.45 4.86 436,996.21 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 5.07 621.15 629.06 244,288.90 269,060.10 535,992.61 366,699.31 527,237.81 533,900.07 396,007.88 436,998.49 554,325.51 542,580.06 490,647.83 790,093.69 364,699.08 494,942.23 241,038.83 266,939.49 528,522.79 363,902.26 531,832.92 531,319.42 399,503.80 439,309.35 554,884.67 543,116.13 503,392.17 802,749.89 379,086.03 504,572.04 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 1,043.80 1,477.67 1,486.38 1,603.18 1,739.65 2,208.71 1,920.42 1,975.00 3,100.00 1,515.63 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 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 Page 8 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 K510 A2 DTD 11/01/2023 5.069% 10/01/2028 3137HB3D4 3137HB3G7 3137HBLV4 3137HDV56 3137HDJJ0 180,000.00 AA+ 275,000.00 AA+ 290,000.00 AA+ 440,000.00 AA+ 550,000.00 AA+ Aaa Aaa Aaa Aaa Aaa 11/14/23 11/28/23 02/01/24 07/16/24 06/05/24 11/21/23 12/07/23 02/08/24 07/25/24 06/13/24 179,479.62 5.14 274,209.93 4.93 292,899.71 4.34 442,702.04 4.58 549,998.35 4.80 760.35 1,113.75 1,104.90 346.13 179,546.26 274,306.02 292,636.99 442,692.49 549,998.39 183,387.61 278,120.05 290,179.83 443,701.87 556,160.80 FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028 FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028 FHMS K524 A2 DTD 07/25/2024 4.720% 05/01/2029 FHMS K522 A2 2,201.38 DTD 06/01/2024 4.803% 05/01/2029 Security Type Sub-Total 8,385,679.63 8,257,218.43 4.68 28,063.12 8,286,653.72 8,341,719.95 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 44.27 568.75 229.69 933.33 758.33 424,589.23 349,650.67 149,901.29 699,517.15 649,408.35 407,268.15 334,153.40 143,068.50 666,353.80 617,189.95 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 2,273,066.69 2,168,033.80 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 69,999.94 69,897.80 Page 9 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 69371RQ66 175,000.00 A+ 80,000.00 BBB+ 410,000.00 AA A1 A2 10/22/20 10/29/20 03/04/22 03/10/22 03/28/22 05/03/22 182,894.25 0.73 79,919.20 2.29 410,000.00 2.13 24,956.25 2.76 64,985.70 3.46 1,531.25 735.00 175,955.81 79,984.15 410,000.00 24,989.91 64,996.43 171,781.05 78,586.16 402,893.47 24,558.83 64,153.25 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.250% 03/04/2025 025816CQ0 771196BT8 437076CM2 17252MAP5 03/01/22 03/03/22 03/24/22 04/26/22 ROCHE HOLDINGS INC (CALLABLE) CORPORATE DTD 03/10/2022 2.132% 03/10/2025 Aa2 A2 3,423.64 198.75HOME 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 DTD 05/03/2022 3.450% 05/01/2025 65,000.00 A- 225,000.00 AA A3 560.63 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 90327QD89 369550BG2 Aa1 A2 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 1,662.50 224,812.46 228,831.94 222,084.23 222,047.78GENERAL DYNAMICS CORP (CALLABLE) CORP NO 225,000.00 A DTD 05/11/2018 3.500% 05/15/2025 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 3.50 612.22 474,960.95 250,000.00 459,010.55 246,656.25NATIONAL AUSTRALIA BK/NY CORPORATE NOTES Aa2 1,263.89 DTD 06/09/2022 3.500% 06/09/2025 NATIONAL RURAL UTIL COOP CORPORATE NOTES DTD 05/04/2022 3.450% 06/15/2025 63743HFE7 459200KS9 50,000.00 A- 225,000.00 A- A2 A3 04/27/22 07/20/22 05/04/22 07/27/22 49,986.50 3.46 225,000.00 4.00 220.42 100.00 49,996.23 49,290.00 IBM CORP CORPORATE NOTES 225,000.00 222,747.53 DTD 07/27/2022 4.000% 07/27/2025 Page 10 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 06051GFS3 002824BM1 225,000.00 A- 225,000.00 AA- A1 08/18/20 09/24/20 08/20/20 09/28/20 256,918.50 0.93 257,845.50 0.86 4,359.38 3,293.75 231,447.29 231,069.07 222,397.20 222,860.93ABBOTT 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 1,980.49 546.25 225,000.00 175,000.00 224,859.90 174,978.65 224,444.67 221,919.08 172,484.90 211,581.00 163,170.35 210,223.58 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 39,966.43 37,717.92 BANK OF NY MELLON CORP (CALLABLE) CORPOR 475,000.00 135.24 474,475.06 446,625.88 DTD 01/26/2022 2.050% 01/26/2027 MICROSOFT CORP CORP NOTES (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 594918BY9 025816CS6 750,000.00 AAA 300,000.00 BBB+ Aaa A2 03/14/23 01/13/23 03/17/23 01/18/23 721,942.50 4.36 277,203.00 4.59 12,031.25 3,123.75 731,867.20 285,695.11 731,241.75 284,221.80AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.550% 03/04/2027 Page 11 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 084664CZ2 475,000.00 AA 300,000.00 A- 500,000.00 AA- Aa2 A2 03/15/22 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 2,820.28 470,329.54 290,214.83 492,410.89 450,640.58 288,936.90 491,657.00 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 808513BW4 63254ABE7 02/17/23 01/13/23NATIONAL AUSTRALIA BK/NY CORPORATE NOTES Aa2 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 8,677.85 915.36 752,208.12 375,898.54 742,067.93 376,709.25TOYOTA 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 A- 85,000.00 A+ A1 Aa3 A2 02/17/23 05/11/23 03/09/23 05/23/23 07/21/23 02/22/23 05/18/23 03/13/23 05/25/23 07/25/23 329,189.00 4.76 87,043.40 4.04 358,263.75 4.93 59,892.00 4.49 377,865.00 4.78 5,751.67 1,802.94 6,540.63 563.67 335,233.50 86,514.25 362,964.74 59,917.80 377,276.54 336,093.10 85,459.17 366,652.13 59,963.70 381,696.75 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 375,000.00 A LOCKHEED MARTIN CORP NOTES (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028 60,000.00 A-A2 JOHN DEERE CAPITAL CORP CORPORATE NOTES 375,000.00 A A1 876.56 DTD 07/14/2023 4.950% 07/14/2028 Page 12 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 CITIBANK NA CORP NOTES (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028 17325FBB3 009158BH8 750,000.00 A+Aa3 A2 10/02/23 02/06/24 10/04/23 02/08/24 746,280.00 5.92 339,547.80 4.63 14,749.29 7,515.89 746,823.91 339,586.92 779,433.75 343,630.18AIR PRODUCTS & CHEMICALS CORP NOTES (CAL 340,000.00 A DTD 02/08/2024 4.600% 02/08/2029 CISCO SYSTEMS INC CORPORATE NOTES (CALLA DTD 02/26/2024 4.850% 02/26/2029 17275RBR2 09290DAA9 09290DAA9 420,000.00 AA- 50,000.00 AA- 725,000.00 AA- A1 02/21/24 03/05/24 03/06/24 02/26/24 03/14/24 03/14/24 419,853.00 4.86 49,909.50 4.74 725,355.25 4.69 8,770.42 894.31 419,864.34 49,915.67 725,330.59 427,321.86 50,453.60 731,577.20 BLACKROCK FUNDING INC CORPORATE NOTES (C DTD 03/14/2024 4.700% 03/14/2029 Aa3 Aa3BLACKROCK FUNDING INC CORPORATE NOTES (C 12,967.43 DTD 03/14/2024 4.700% 03/14/2029 ADOBE INC CORP NOTES (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 00724PAF6 00724PAF6 437076DC3 170,000.00 A+ 205,000.00 A+ A1 A1 A2 04/02/24 04/01/24 06/17/24 04/04/24 04/04/24 06/25/24 169,775.60 4.83 204,694.55 4.83 124,193.75 4.90 2,652.00 3,198.00 593.75 169,788.62 204,712.27 124,208.19 172,824.38 208,405.87 126,623.13 ADOBE INC CORP NOTES (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 HOME DEPOT INC CORPORATE NOTES (CALLABLE DTD 06/25/2024 4.750% 06/25/2029 125,000.00 250,000.00 A AHOME DEPOT INC CORPORATE NOTES (CALLABLE 437076DC3 A2 06/18/24 06/25/24 248,627.50 4.88 1,187.50 248,652.10 253,246.25 DTD 06/25/2024 4.750% 06/25/2029 Security Type Sub-Total Certificate of Deposit 12,020,000.00 11,957,395.70 3.65 127,659.98 11,930,182.56 11,831,544.02 TORONTO DOMINION BANK NY CERT DEPOS 89115B6K1 450,000.00 A A1 10/27/22 10/31/22 450,000.00 5.58 19,670.00 450,000.00 453,544.67 DTD 10/31/2022 5.600% 10/27/2025 Page 13 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 Certificate of Deposit NORDEA BANK ABP NEW YORK CERT DEPOS DTD 11/03/2022 5.530% 11/03/2025 65558UYF3 450,000.00 AA-Aa3 Aa3 11/02/22 11/03/22 07/19/24 450,000.00 5.53 6,083.00 450,000.00 451,297.80 Security Type Sub-Total Bank Note 900,000.00 900,000.00 5.56 25,753.00 900,000.00 904,842.47 MORGAN STANLEY BANK NA BANK NOTES (CALLA 61690U8E3 525,000.00 A+07/18/24 525,525.00 4.94 869.40 525,519.23 527,882.78 DTD 07/19/2024 4.968% 07/14/2028 Security Type Sub-Total Asset-Backed Security 525,000.00 525,525.00 4.94 869.40 525,519.23 527,882.78 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 14318MAD1 65480JAC4 45,158.46 AAA 41,837.50 AAA 35,727.02 NR 14,680.52 AAA 26,433.00 AAA 195,000.00 AAA 34,572.96 AAA 181,875.52 AAA 140,000.00 AAA Aaa NR 06/15/21 06/08/21 11/16/21 04/13/21 11/09/21 09/20/21 10/13/21 07/12/22 09/20/22 06/23/21 06/14/21 11/24/21 04/21/21 11/17/21 09/27/21 10/21/21 07/20/22 09/28/22 45,157.69 0.33 41,832.99 0.26 35,719.49 0.89 14,677.35 0.52 26,427.10 0.75 194,958.25 0.58 34,572.08 0.68 181,871.23 3.97 139,971.03 4.46 6.62 4.83 45,158.24 41,836.18 35,724.35 14,679.50 26,430.65 194,982.16 34,572.58 181,873.07 139,982.55 44,758.34 41,494.67 35,093.07 14,554.37 26,033.88 193,770.68 33,870.60 180,118.28 139,224.30 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 Aaa NR 8.73 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 3.39 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 NR 8.69 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 Aaa Aaa NR 50.27 9.80GMCAR 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 320.91 277.51NAROT 2022-B A3 Aaa DTD 09/28/2022 4.460% 05/17/2027 Page 14 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 05522RDG0 02582JJZ4 14041NGD7 254683CZ6 438123AC5 31680EAD3 161571HT4 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 490,000.00 AAA 350,000.00 AAA 85,000.00 NR NR NR 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 05/17/23 06/21/23 11/01/23 08/15/23 09/07/23 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 05/24/23 06/28/23 11/08/23 08/23/23 09/15/23 274,954.93 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 4.87 489,887.64 4.43 349,952.72 4.93 84,985.03 5.67 349,978.30 5.53 404,887.73 5.17 552.29 504.16 539.00 381.56 268.67 625.16 612.98 361.91 411.24 962.58 766.89 133.88 860.22 928.80 274,971.72 244,999.92 244,975.11 169,988.00 129,990.16 319,947.89 319,986.37 169,970.34 189,987.03 489,914.52 349,963.15 84,987.15 273,904.70 243,668.74 245,532.73 169,788.49 129,441.39 322,012.74 317,191.33 170,154.82 190,369.27 487,096.36 350,899.71 86,188.34 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 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 DTD 06/14/2023 4.870% 05/15/2028 NR COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 NR DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 Aaa Aaa 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 AAA 405,000.00 AAA 349,982.40 404,905.43 352,451.05 408,884.96CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 Page 15 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 02582JKD1 05522RDH8 02582JKH2 410,000.00 AAA 180,000.00 NR 495,000.00 AAA NR Aaa NR 09/12/23 12/07/23 04/16/24 09/19/23 12/14/23 04/23/24 409,981.67 5.23 179,975.83 4.98 494,898.53 5.23 953.02 398.40 409,984.53 179,978.61 494,903.44 414,838.45 181,350.22 503,876.79 BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028 AMXCA 2024-1 A 1,150.60 DTD 04/23/2024 5.230% 04/16/2029 Security Type Sub-Total 5,545,284.98 54,235,964.61 5,544,480.47 4.62 3.95 11,102.11 5,544,675.05 53,145,429.23 5,556,568.28 52,987,315.38Managed Account Sub-Total Joint Powers Authority CAMP Pool 52,835,383.13 351,795.63 47,106.75 AAAm NR 47,106.75 0.00 47,106.75 47,106.75 Liquid Sub-Total 47,106.75 47,106.75 0.00 47,106.75 47,106.75 Securities Sub-Total Accrued Interest Total Investments $54,283,071.36 $52,882,489.88 3.95%$351,795.63 $53,192,535.98 $53,034,422.13 $351,795.63 $53,386,217.76 Page 16 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 06/30/2020 0.250% 06/30/2025 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 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 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 DTD 11/30/2022 3.875% 11/30/2027 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 06/30/2021 1.250% 06/30/2028 US TREASURY NOTES 912828ZW3 912828U24 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 91282CFZ9 91282CFZ9 91282CGP0 91282CGP0 91282CGP0 91282CGP0 91282CCH2 91282CCH2 50,000.00 GOLDMAN 9,500,000.00 JPM_CHA 1,200,000.00 BNP_PAR 375,000.00 MORGAN_ 400,000.00 BMO 95.98 95.28 96.50 96.28 96.28 96.28 96.28 99.52 99.52 99.97 99.97 99.97 99.97 90.16 90.16 47,992.19 9,051,718.75 1,158,000.00 361,054.69 385,125.00 577,687.50 794,320.31 1,169,308.54 1,194,187.44 399,875.00 599,812.50 1,349,578.13 2,449,234.37 202,851.56 2,614,531.25 (1,039.06) 129,140.62 2,578.12 (1,799.28) (102,984.62) (13,126.52) (4,990.55) 3,313.69 0.92 2.24 2.65 2.90 2.90 2.90 2.90 3.14 3.14 3.32 3.32 3.32 3.32 3.82 3.82 4.78 4.18 4.11 4.08 4.08 4.08 4.08 4.03 4.03 4.01 4.01 4.01 4.01 3.99 3.99 (1,274.41) 11,859.38 12,046.87 7,541.01 600,000.00 CITIGRP 825,000.00 HSBC 3,000.06 (3,098.26) (1,853.12) 7,458.73 1,175,000.00 CITIGRP 1,200,000.00 HSBC 400,000.00 JPM_CHA 600,000.00 CITIGRP 1,350,000.00 CITIGRP 2,450,000.00 HSBC 225,000.00 BMO (1,193.41) 10,078.06 6,234.37 5,707.77 (2,695.31) 14,291.02 65,843.74 4,209.96 (2,396.20) 12,794.45 61,686.63 3,685.68 2,900,000.00 BMO 49,277.34 37,742.17 DTD 06/30/2021 1.250% 06/30/2028 Security Type Sub-Total Municipal Bond / Note 23,250,000.00 22,355,277.23 306,898.30 5,140.63 2.85 4.09 Page 17 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 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 MINNESOTA ST-F-UNREF MUNICIPAL BONDS 157411TK5 650036DT0 91412HGE7 341271AD6 341271AD6 341271AD6 60412AK85 100,000.00 RBC 100.00 97.33 96.94 96.53 96.53 96.53 95.94 100,000.00 316,325.75 82,399.00 62,741.25 82,046.25 154,440.00 95,942.25 0.00 0.00 (8,674.25) (2,601.00) (2,346.51) (3,061.37) (5,560.00) (4,057.75) 0.00 0.62 0.71 0.92 0.92 0.92 1.00 2.08 5.27 4.87 5.18 5.18 5.18 4.82 325,000.00 WELLS_F 85,000.00 JPM_CHA 65,000.00 MERRILL 85,000.00 MERRILL 160,000.00 MERRILL 100,000.00 MORGAN_ (8,674.25) (2,601.00) (2,718.30) (3,517.30) (5,560.00) (4,057.75) 04/15/25 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 CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025 CA ST MUNICIPAL BONDS 798306WP7 13077DQD7 13063D3N6 130,000.00 KEYBANC 85,000.00 JPM_CHA 200,000.00 WELLS_F 96.02 95.09 124,827.30 80,829.05 201,896.00 (5,172.70) (4,170.95) 1,896.00 (5,172.70) (4,170.95) 1,896.00 1.00 1.25 2.41 4.97 4.95 4.45100.95 DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,335,000.00 1,301,446.85 (34,576.25)(33,748.53)1.03 4.77 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 3137BGK24 3137BNGT5 3137BSP72 3137BTUM1 243,429.67 CITIGRP 275,000.00 BAIRD 550,000.00 BREAN 374,232.24 CITIGRP 99.02 97.07 96.10 97.24 241,038.83 266,939.49 528,522.79 363,902.26 (14,448.21) 3,326.21 1,682.95 1,189.35 (3,250.07) (2,120.61) (7,469.82) (2,797.05) 0.33 1.29 1.92 2.06 6.02 4.89 4.70 4.64 DTD 01/30/2017 3.347% 11/01/2026 Page 18 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 K064 A2 3137BXQY1 3137F1G44 3137HBC69 3137HAD45 3137HACX2 3136BQDE6 3137HAQ74 3137HAMH6 3137HAST4 3137HAMS2 3137HB3D4 3137HB3G7 3137HBLV4 3137HDV56 3137HDJJ0 550,000.00 MORGAN_ 550,000.00 CITIGRP 396,010.63 JPM_CHA 437,007.09 JPM_CHA 550,000.00 JPM_CHA 550,000.00 JPM_CHA 500,000.00 BMO 96.70 96.60 531,832.92 531,319.42 399,503.80 439,309.35 554,884.67 543,116.13 503,392.17 802,749.89 379,086.03 504,572.04 183,387.61 278,120.05 290,179.83 443,701.87 556,160.80 13,028.23 4,286.22 3,496.35 2,313.14 (608.73) 2,440.35 14,360.17 14,584.29 16,042.15 10,548.54 3,907.99 3,910.12 (2,719.88) 999.83 4,595.11 (2,580.65) 3,495.92 2,310.86 559.16 2.33 2.47 3.06 2.62 3.39 3.54 3.55 3.53 3.62 3.58 3.64 3.68 3.78 4.18 4.08 4.58 4.60 4.60 4.63 4.57 4.54 4.55 4.56 4.56 4.55 4.57 4.56 4.56 4.52 4.54 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 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 DTD 12/01/2023 4.860% 10/01/2028 FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028 FHMS K524 A2 100.88 100.53 100.89 98.75 536.07 100.68 100.34 101.09 100.91 101.88 101.13 100.06 100.84 101.12 12,744.34 12,656.20 14,386.95 9,629.81 3,841.35 3,814.03 (2,457.16) 1,009.38 6,162.41 800,000.00 WELLS_F 375,000.00 MORGAN_ 500,000.00 MERRILL 180,000.00 JPM_CHA 275,000.00 MERRILL 290,000.00 JPM_CHA 440,000.00 AMHERST 550,000.00 MORGAN_ DTD 07/25/2024 4.720% 05/01/2029 FHMS K522 A2 6,162.45 DTD 06/01/2024 4.803% 05/01/2029 Security Type Sub-Total 8,385,679.63 8,341,719.95 84,501.52 55,066.23 3.07 4.63 Federal Agency Bond / Note Page 19 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 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 95.83 95.47 95.38 95.19 94.95 407,268.15 334,153.40 143,068.50 666,353.80 617,189.95 (15,615.35) (14,208.60) (6,481.50) (31,539.20) (30,483.05) (17,321.08) (15,497.27) (6,832.79) (33,163.35) (32,218.40) 0.97 1.07 1.09 1.14 1.27 4.81 4.77 4.76 4.73 4.64 DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate Note 2,275,000.00 2,168,033.80 (98,327.70)(105,032.89)1.13 4.73 BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 PACCAR FINANCIAL CORP CORPORATE NOTES 05565EBU8 69371RQ66 70,000.00 GOLDMAN 175,000.00 MERRILL 99.85 98.16 69,897.80 (95.90)(102.14)0.03 0.51 5.12 5.46171,781.05 (11,113.20)(4,174.76) 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 90327QD89 80,000.00 BARCLAY 410,000.00 DEUTSCH 25,000.00 MORGAN_ 65,000.00 KEYBANC 225,000.00 MERRILL 02/01/25 02/10/25 03/15/25 04/01/25 98.23 98.27 98.24 98.70 98.70 78,586.16 402,893.47 24,558.83 64,153.25 222,084.23 (1,333.04) (7,106.53) (397.42) (1,397.99) (7,106.53) (431.08) 0.50 0.52 0.62 0.66 0.74 5.31 5.04 5.26 5.23 5.14 (832.45)(843.18) DTD 05/03/2022 3.450% 05/01/2025 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 (2,180.02)(2,728.23) Page 20 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 GENERAL DYNAMICS CORP (CALLABLE) CORP NO 369550BG2 225,000.00 JPM_CHA 03/15/25 05/03/25 98.69 222,047.78 (30,199.72)(6,784.16)0.62 5.21 DTD 05/11/2018 3.500% 05/15/2025 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 96.63 98.66 459,010.55 246,656.25 (15,756.70) (3,343.75) (15,950.40) (3,343.75) 0.76 0.85 4.93 5.11 DTD 06/09/2022 3.500% 06/09/2025 NATIONAL RURAL UTIL COOP CORPORATE NOTES 63743HFE7 50,000.00 RBC 98.58 49,290.00 (696.50)(706.23)0.87 5.13 DTD 05/04/2022 3.450% 06/15/2025 IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025 ABBOTT LABORATORIES CORPORATE NOTES (CAL DTD 03/22/2017 3.875% 09/15/2025 BANK OF AMERICA CORP NOTES (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR 459200KS9 06051GFS3 002824BM1 225,000.00 JPM_CHA 225,000.00 MERRILL 225,000.00 US_BANC 99.00 98.84 99.05 222,747.53 222,397.20 222,860.93 (2,252.47) (34,521.30) (34,984.57) (2,252.47) (9,050.09) (8,208.14) 0.98 0.97 0.86 5.05 5.07 4.7506/15/25 12/06/24 02/24/25 04/15/26 07/12/26 06051GKE8 46647PCV6 91324PEC2 05565EBW4 14913R2U0 225,000.00 MERRILL 175,000.00 JPM_CHA 225,000.00 CITIGRP 175,000.00 MITSU 225,000.00 JPM_CHA 98.63 98.56 94.04 93.24 93.43 221,919.08 172,484.90 211,581.00 163,170.35 210,223.58 (3,080.92) (2,515.10) (13,027.50) (11,777.15) (13,640.17) (3,080.92) (2,515.10) (13,278.90) (11,808.30) (14,221.09) 0.35 0.56 1.69 1.92 2.40 2.57 3.55 4.66 4.78 4.58 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 Page 21 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 BANK OF NY MELLON CORP (CALLABLE) CORPOR 87612EBM7 06406RBA4 40,000.00 CITIGRP 12/15/26 12/26/26 94.29 94.03 37,717.92 (2,214.08)(2,248.51)2.33 2.36 4.42 4.62475,000.00 DEUTSCH 446,625.88 (27,319.62)(27,849.18) DTD 01/26/2022 2.050% 01/26/2027 MICROSOFT CORP CORP NOTES (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.550% 03/04/2027 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 CHARLES SCHWAB CORP NOTES (CALLABLE) 594918BY9 025816CS6 084664CZ2 808513BW4 63254ABE7 750,000.00 GOLDMAN 300,000.00 RBS 11/06/26 02/01/27 02/15/27 01/01/27 97.50 94.74 94.87 96.31 98.33 731,241.75 284,221.80 450,640.58 288,936.90 491,657.00 9,299.25 7,018.80 (625.45) (1,473.31) (19,688.96) (1,277.93) (753.89) 2.17 2.41 2.46 2.32 2.72 4.36 4.73 4.39 4.79 4.53 475,000.00 SEEL (15,448.42) 4,011.90300,000.00 BARCLAY 500,000.00 CBAA DTD 09/24/2021 3.300% 04/01/2027 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 3,332.00 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 95.75 742,067.93 376,709.25 1,005.18 426.75 (10,140.19) 810.71 2.74 3.22 4.37 4.48375,000.00 WELLS_F 100.46 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 96.03 100.54 97.77 336,093.10 85,459.17 366,652.13 6,904.10 (1,584.23) 8,388.38 859.60 (1,055.08) 3,687.39 3.06 3.17 3.08 4.64 4.43 4.58 DTD 07/15/2020 3.900% 02/20/2028 Page 22 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 539830BZ1 24422EXB0 60,000.00 BARCLAY 375,000.00 CITIGRP 04/15/28 99.94 59,963.70 71.70 45.90 3.43 3.64 4.47 4.45101.79 381,696.75 3,831.75 4,420.21 DTD 07/14/2023 4.950% 07/14/2028 CITIBANK NA CORP NOTES (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028 AIR PRODUCTS & CHEMICALS CORP NOTES (CAL 17325FBB3 009158BH8 750,000.00 BARCLAY 340,000.00 BARCLAY 08/29/28 01/08/29 103.92 101.07 779,433.75 343,630.18 33,153.75 4,082.38 32,609.84 4,043.26 3.63 3.98 4.75 4.34 DTD 02/08/2024 4.600% 02/08/2029 CISCO SYSTEMS INC CORPORATE NOTES (CALLA DTD 02/26/2024 4.850% 02/26/2029 BLACKROCK FUNDING INC CORPORATE NOTES (C DTD 03/14/2024 4.700% 03/14/2029 BLACKROCK FUNDING INC CORPORATE NOTES (C 17275RBR2 09290DAA9 09290DAA9 420,000.00 CITIGRP 50,000.00 CITIGRP 725,000.00 MERRILL 01/26/29 02/14/29 02/14/29 101.74 100.91 100.91 427,321.86 50,453.60 731,577.20 7,468.86 544.10 7,457.52 537.93 4.01 4.08 4.08 4.42 4.48 4.486,221.95 6,246.61 DTD 03/14/2024 4.700% 03/14/2029 ADOBE INC CORP NOTES (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 ADOBE INC CORP NOTES (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 HOME DEPOT INC CORPORATE NOTES (CALLABLE 00724PAF6 00724PAF6 437076DC3 170,000.00 SEEL 03/04/29 03/04/29 05/25/29 101.66 101.66 101.30 172,824.38 208,405.87 126,623.13 3,048.78 3,711.32 2,429.38 3,035.76 3,693.60 2,414.94 4.12 4.12 4.34 4.40 4.40 4.45 205,000.00 MERRILL 125,000.00 MORGAN_ DTD 06/25/2024 4.750% 06/25/2029 HOME DEPOT INC CORPORATE NOTES (CALLABLE 437076DC3 250,000.00 PNC 05/25/29 101.30 253,246.25 4,618.75 4,594.15 4.34 4.45 DTD 06/25/2024 4.750% 06/25/2029 Security Type Sub-Total Certificate of Deposit 12,020,000.00 11,831,544.02 (125,851.68)(98,638.54)2.48 4.59 Page 23 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 Certificate of Deposit 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 100.79 100.29 453,544.67 451,297.80 3,544.67 1,297.80 3,544.67 1,297.80 1.19 1.22 4.83 5.28450,000.00 WELLS_F DTD 11/03/2022 5.530% 11/03/2025 Security Type Sub-Total Bank Note 900,000.00 904,842.47 4,842.47 4,842.47 1.20 5.05 MORGAN STANLEY BANK NA BANK NOTES (CALLA 61690U8E3 525,000.00 CITIGRP 07/14/27 100.55 527,882.78 2,357.78 2,363.55 2.78 4.81 DTD 07/19/2024 4.968% 07/14/2028 Security Type Sub-Total Asset-Backed Security 525,000.00 527,882.78 2,357.78 2,363.55 2.78 4.81 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 CARMX 2022-3 A3 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 254683CP8 362554AC1 14318MAD1 45,158.46 MITSU 41,837.50 CITIGRP 35,727.02 MERRILL 14,680.52 MERRILL 26,433.00 SMBC 99.11 99.18 98.23 99.14 98.49 99.37 97.97 99.03 44,758.34 41,494.67 35,093.07 14,554.37 26,033.88 193,770.68 33,870.60 180,118.28 (399.35) (338.32) (626.42) (122.98) (393.22) (1,187.57) (701.48) (1,752.95) (399.90) (341.51) (631.28) (125.13) (396.77) (1,211.48) (701.98) (1,754.79) 0.15 0.14 0.38 0.14 0.29 0.12 0.41 0.64 1.07 0.90 2.10 1.08 1.60 0.88 1.65 4.35 195,000.00 CITIGRP 34,572.96 JPM_CHA 181,875.52 RBC DTD 07/20/2022 3.970% 04/15/2027 Page 24 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 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 DTD 11/08/2023 5.670% 06/21/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 AMXCA 2023-3 A 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 05522RDG0 02582JJZ4 14041NGD7 254683CZ6 438123AC5 31680EAD3 161571HT4 02582JKD1 05522RDH8 140,000.00 WELLS_F 275,000.00 RBC 99.45 99.60 139,224.30 273,904.70 243,668.74 245,532.73 169,788.49 129,441.39 322,012.74 317,191.33 170,154.82 190,369.27 487,096.36 350,899.71 86,188.34 (746.73) (1,050.23) (1,331.14) 571.17 (758.25) (1,067.02) (1,331.18) 557.62 0.80 0.74 0.98 1.14 0.90 1.18 1.41 1.52 1.67 1.67 1.67 1.74 1.70 1.53 1.96 1.96 2.12 4.67 4.96 4.82 4.88 5.09 4.78 5.22 4.57 4.76 4.81 4.59 4.86 5.27 5.34 4.90 4.91 4.79 245,000.00 MERRILL 245,000.00 RBC 99.46 100.22 99.88170,000.00 JPM_CHA 130,000.00 BNP_PAR 320,000.00 MERRILL 320,000.00 RBC (194.39) (545.05) 2,078.72 (2,790.11) 193.31 (199.51) (548.77) 2,064.85 (2,795.04) 184.48 99.57 100.63 99.12 170,000.00 MERRILL 190,000.00 RBC 100.09 100.19 99.41 386.12 382.24 490,000.00 RBC (2,791.28) 946.99 (2,818.16) 936.56350,000.00 MERRILL 85,000.00 JPM_CHA 350,000.00 JPM_CHA 405,000.00 JPM_CHA 410,000.00 CITIGRP 180,000.00 MERRILL 100.26 101.40 100.70 100.96 101.18 100.75 1,203.31 2,472.75 3,997.23 4,856.78 1,374.39 1,201.19 2,468.65 3,979.53 4,853.92 1,371.61 352,451.05 408,884.96 414,838.45 181,350.22 DTD 09/19/2023 5.230% 09/15/2028 BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028 Page 25 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 AMXCA 2024-1 A 02582JKH2 495,000.00 BARCLAY 101.79 503,876.79 8,978.26 8,973.35 2.46 4.80 DTD 04/23/2024 5.230% 04/16/2029 Security Type Sub-Total 5,545,284.98 5,556,568.28 52,987,315.38 12,087.81 11,893.23 1.48 2.51 4.60 4.41Managed Account Sub-Total 54,235,964.61 151,932.25 (158,113.85) Joint Powers Authority CAMP Pool 47,106.75 1.00 47,106.75 0.00 0.00 0.00 Liquid Sub-Total 47,106.75 47,106.75 0.00 0.00 0.00 Securities Sub-Total Accrued Interest Total Investments $54,283,071.36 $53,034,422.13 $351,795.63 $53,386,217.76 $151,932.25 ($158,113.85)2.51 4.41% Page 26 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 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 07/01/24 07/16/24 07/18/24 07/03/24 07/25/24 07/19/24 US TREASURY NOTES DTD 06/30/2021 1.250% 06/30/2028 FHMS K524 A2 DTD 07/25/2024 4.720% 05/01/2029 MORGAN STANLEY BANK NA BANK NOTES (CALLA 91282CCH2 225,000.00 440,000.00 525,000.00 (198,641.60) (442,702.04) (525,525.00) (22.93)(198,664.53) (444,086.57) (525,525.00) 3137HDV56 61690U8E3 (1,384.53) 0.00 DTD 07/19/2024 4.968% 07/14/2028 Transaction Type Sub-Total INTEREST 1,190,000.00 (1,166,868.64)(1,407.46)(1,168,276.10) 07/01/24 07/01/24 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 FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029 FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028 FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026 FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027 FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027 FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 FHMS K043 A2 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 3137HDJJ0 3137HACX2 3137HAQ74 3137BTUM1 3137F1G44 3137BXQY1 3137HAST4 3137HAMH6 3137BGK24 3137HB3G7 550,000.00 550,000.00 500,000.00 374,996.09 550,000.00 550,000.00 375,000.00 800,000.00 243,868.94 275,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,201.38 2,208.71 1,975.00 1,045.93 1,486.38 1,477.67 1,515.63 3,100.00 622.27 2,201.38 2,208.71 1,975.00 1,045.93 1,486.38 1,477.67 1,515.63 3,100.00 622.27 DTD 03/01/2015 3.062% 12/01/2024 FHMS K511 A2 1,113.75 1,113.75 DTD 12/01/2023 4.860% 10/01/2028 Page 27 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/08/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/08/24 FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028 FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026 FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026 FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028 FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028 FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028 FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028 FHMS KJ46 A1 3136BQDE6 550,000.00 550,000.00 275,000.00 500,000.00 396,745.88 290,000.00 180,000.00 437,290.60 225,000.00 0.00 1,920.42 1,920.42 3137BSP72 3137BNGT5 3137HAMS2 3137HBC69 3137HBLV4 3137HB3D4 3137HAD45 14913R2U0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,215.96 629.06 1,215.96 629.06 2,000.00 1,606.16 1,104.90 760.35 2,000.00 1,606.16 1,104.90 760.35 1,740.78 1,912.50 1,740.78 1,912.50 DTD 07/01/2023 4.777% 06/01/2028 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 07/12/24 07/14/24 07/12/24 07/14/24 89236TKQ7 24422EXB0 375,000.00 375,000.00 0.00 0.00 8,671.88 9,281.25 8,671.88 9,281.25 DTD 07/14/2023 4.950% 07/14/2028 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 TARGET CORP CORP NOTES (CALLABLE) 07/15/24 07/15/24 07/15/24 07/15/24 02582JKD1 87612EBM7 410,000.00 40,000.00 0.00 0.00 1,786.92 390.00 1,786.92 390.00 DTD 01/24/2022 1.950% 01/15/2027 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 FORDO 2023-A A3 07/15/24 07/15/24 07/15/24 07/15/24 254683CP8 344928AD8 195,000.00 130,000.00 0.00 0.00 94.25 94.25 503.75 503.75 DTD 03/31/2023 4.650% 02/15/2028 Page 28 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 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 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 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 AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 AMXCA 2024-1 A 05522RDG0 170,000.00 350,000.00 245,000.00 180,000.00 490,000.00 405,000.00 30,240.83 56,309.69 190,000.00 52,903.10 2,412.88 0.00 678.58 678.58 31680EAD3 14041NGB1 05522RDH8 14041NGD7 161571HT4 44935FAD6 65480BAC1 02582JJZ4 89190GAC1 44933LAC7 65480JAC4 14318MAD1 254683CY9 254683CZ6 02582JKH2 41285JAD0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,612.92 1,010.63 747.00 1,804.83 1,741.50 18.65 1,612.92 1,010.63 747.00 1,804.83 1,741.50 18.65 15.49 15.49 771.08 11.46 771.08 11.46 0.76 0.76 140,000.00 192,683.47 320,000.00 350,000.00 495,000.00 170,000.00 520.33 637.46 1,149.33 1,437.92 2,157.37 715.42 520.33 637.46 1,149.33 1,437.92 2,157.37 715.42 DTD 04/23/2024 5.230% 04/16/2029 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 Page 29 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 07/15/24 07/15/24 07/16/24 07/16/24 07/18/24 07/21/24 07/21/24 07/21/24 07/26/24 07/15/24 07/15/24 07/16/24 07/16/24 07/18/24 07/21/24 07/21/24 07/21/24 07/26/24 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 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 FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 HAROT 2023-4 A3 891940AC2 245,000.00 18,597.95 275,000.00 38,017.70 320,000.00 39,957.53 425,000.00 85,000.00 475,000.00 0.00 945.29 945.29 14314QAC8 36265QAD8 362554AC1 43815QAC1 43815GAC3 3137EAEU9 438123AC5 06406RBA4 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.06 1,104.58 21.54 8.06 1,104.58 21.54 1,442.67 29.30 1,442.67 29.30 796.88 401.63 4,868.75 796.88 401.63 4,868.75 DTD 11/08/2023 5.670% 06/21/2028 BANK OF NY MELLON CORP (CALLABLE) CORPOR 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 07/27/24 07/31/24 07/27/24 07/31/24 459200KS9 91282CFB2 225,000.00 0.00 0.00 4,500.00 4,500.00 2,200,000.00 30,250.00 30,250.00 DTD 07/31/2022 2.750% 07/31/2027 Transaction Type Sub-Total MATURITY 18,194,024.66 0.00 111,714.23 111,714.23 07/01/24 07/08/24 07/01/24 07/08/24 CT ST TXBL GO BONDS 20772KJW0 38141EC23 60,000.00 60,000.00 599.40 60,599.40 0.00 0.00 DTD 06/11/2020 1.998% 07/01/2024 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS 400,000.00 400,000.00 7,700.00 407,700.00 (18,632.00)0.00 DTD 07/08/2014 3.850% 07/08/2024 Transaction Type Sub-Total 460,000.00 460,000.00 8,299.40 468,299.40 (18,632.00)0.00 Page 30 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total PAYDOWNS 07/01/24 07/01/24 07/01/24 07/01/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/16/24 07/21/24 07/25/24 07/25/24 07/25/24 07/25/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/16/24 07/21/24 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 HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025 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 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 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 HAROT 2021-4 A3 3137HAD45 283.51 439.27 735.25 763.85 283.51 0.00 283.51 0.01 0.00 3137BGK24 3137HBC69 3137BTUM1 14314QAC8 44933LAC7 44935FAD6 65480BAC1 14318MAD1 89190GAC1 362554AC1 43815GAC3 439.27 735.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 439.27 735.25 (21.76) 0.01 23.51 0.85 0.26 0.85 0.19 0.26 1.19 0.09 0.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 763.85 763.85 3,917.43 2,412.88 3,807.83 11,151.23 10,807.95 11,065.60 3,444.74 4,230.51 3,917.43 2,412.88 3,807.83 11,151.23 10,807.95 11,065.60 3,444.74 4,230.51 3,917.43 2,412.88 3,807.83 11,151.23 10,807.95 11,065.60 3,444.74 4,230.51 DTD 11/24/2021 0.880% 01/21/2026 Transaction Type Sub-Total SELL 53,060.05 53,060.05 0.00 53,060.05 6.35 0.00 07/01/24 07/18/24 07/03/24 07/19/24 US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024 US TREASURY NOTES 912828YY0 912828U24 50,000.00 49,136.72 7.13 49,143.85 (4,304.69) 8,349.61 (1,250.89) (4,107.03) FIFO FIFO450,000.00 427,007.81 1,589.67 428,597.48 DTD 11/15/2016 2.000% 11/15/2026 Transaction Type Sub-Total 500,000.00 476,144.53 1,596.80 477,741.33 4,044.92 (5,357.92) Page 31 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Transaction Type Trade Settle Principal Proceeds Accrued Interest Realized G/L Realized G/L Sale MethodSecurity Description CUSIP Par Total Cost Amort Cost Managed Account Sub-Total Total Security Transactions (177,664.06) ($177,664.06) 120,202.97 (57,461.09)(14,580.73)(5,357.92) $120,202.97 ($57,461.09)($14,580.73)($5,357.92) Page 32 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool Opening Balance 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/03/24 07/03/24 07/03/24 07/03/24 07/08/24 07/08/24 07/12/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 88,805.27 90,755.17 91,192.67 91,255.17 109,380.17 169,979.57 219,116.29 219,123.42 219,100.49 20,458.89 22,371.39 430,071.39 438,743.27 448,024.52 448,414.52 449,359.81 449,371.27 449,891.60 449,907.09 449,925.74 449,926.50 450,641.92 07/01/24 07/01/24 07/01/24 07/01/24 07/01/24 07/03/24 07/03/24 07/03/24 07/03/24 07/08/24 07/08/24 07/12/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 Purchase - Interest 341271AD6 Purchase - Interest 912828YY0 Purchase - Interest 912828ZW3 Purchase - Interest 91282CCH2 Purchase - Principal 20772KJW0 Purchase - Principal 912828YY0 Purchase - Interest 912828YY0 Redemption - Interest 91282CCH2 Redemption - Principal 91282CCH2 Purchase - Interest 14913R2U0 Purchase - Principal 38141EC23 Purchase - Interest 89236TKQ7 Purchase - Interest 24422EXB0 Purchase - Interest 87612EBM7 Purchase - Interest 891940AC2 Purchase - Interest 89190GAC1 Purchase - Interest 65480JAC4 Purchase - Interest 65480BAC1 Purchase - Interest 44935FAD6 Purchase - Interest 44933LAC7 Purchase - Interest 41285JAD0 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 1,949.90 437.50 62.50 18,125.00 60,599.40 49,136.72 7.13 (22.93) (198,641.60) 1,912.50 407,700.00 8,671.88 9,281.25 390.00 945.29 11.46 520.33 15.49 18.65 0.76 715.42 Page 33 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/16/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/15/24 07/16/24 Purchase - Interest 344928AD8 Purchase - Interest 31680EAD3 Purchase - Interest 254683CZ6 Purchase - Interest 254683CY9 Purchase - Interest 254683CP8 Purchase - Interest 161571HT4 Purchase - Interest 14318MAD1 Purchase - Interest 14314QAC8 Purchase - Interest 14041NGD7 Purchase - Interest 14041NGB1 Purchase - Interest 05522RDH8 Purchase - Interest 05522RDG0 Purchase - Interest 02582JKH2 Purchase - Interest 02582JKD1 Purchase - Interest 02582JJZ4 Purchase - Principal 89190GAC1 Purchase - Principal 65480BAC1 Purchase - Principal 14318MAD1 Purchase - Principal 44935FAD6 Purchase - Principal 14314QAC8 Purchase - Principal 44933LAC7 Purchase - Interest 362554AC1 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 503.75 1,612.92 1,437.92 1,149.33 94.25 451,145.67 452,758.59 454,196.51 455,345.84 455,440.09 457,181.59 457,819.05 457,827.11 459,631.94 460,642.57 461,389.57 462,068.15 464,225.52 466,012.44 466,783.52 477,849.12 489,000.35 499,808.30 503,616.13 507,533.56 509,946.44 509,967.98 1,741.50 637.46 8.06 1,804.83 1,010.63 747.00 678.58 2,157.37 1,786.92 771.08 11,065.60 11,151.23 10,807.95 3,807.83 3,917.43 2,412.88 21.54 Page 34 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 07/16/24 07/16/24 07/18/24 07/19/24 07/19/24 07/19/24 07/22/24 07/22/24 07/22/24 07/22/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/16/24 07/16/24 07/18/24 07/19/24 07/19/24 07/19/24 07/22/24 07/22/24 07/22/24 07/22/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 Purchase - Interest 36265QAD8 Purchase - Principal 362554AC1 Purchase - Interest 43815QAC1 Purchase - Principal 912828U24 Purchase - Interest 912828U24 Redemption - Principal 61690U8E3 Purchase - Interest 3137EAEU9 Purchase - Interest 438123AC5 Purchase - Interest 43815GAC3 Purchase - Principal 43815GAC3 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 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1,104.58 3,444.74 1,442.67 427,007.81 1,589.67 (525,525.00) 796.88 511,072.56 514,517.30 515,959.97 942,967.78 944,557.45 419,032.45 419,829.33 420,230.96 420,260.26 424,490.77 426,096.93 427,210.68 427,971.03 429,486.66 431,461.66 433,461.66 436,561.66 438,302.44 440,511.15 441,997.53 443,475.20 444,521.13 401.63 29.30 4,230.51 1,606.16 1,113.75 760.35 1,515.63 1,975.00 2,000.00 3,100.00 1,740.78 2,208.71 1,486.38 1,477.67 1,045.93 Page 35 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending July 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/26/24 07/29/24 07/29/24 07/29/24 07/31/24 07/31/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/25/24 07/26/24 07/29/24 07/29/24 07/29/24 07/31/24 08/01/24 Purchase - Interest 3137BSP72 Purchase - Interest 3137BNGT5 Purchase - Interest 3137BGK24 Purchase - Interest 3136BQDE6 Purchase - Interest 3137HDJJ0 Purchase - Interest 3137HBLV4 Purchase - Principal 3137HBC69 Purchase - Principal 3137BGK24 Purchase - Principal 3137BTUM1 Purchase - Principal 3137HAD45 Redemption - Interest 3137HDV56 Redemption - Principal 3137HDV56 Purchase - Interest 06406RBA4 Purchase - Interest 459200KS9 IP Fees June 2024 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 1,215.96 629.06 445,737.09 446,366.15 446,988.42 448,908.84 451,110.22 452,215.12 452,950.37 453,389.64 454,153.49 454,437.00 453,052.47 10,350.43 15,219.18 19,719.18 15,839.46 15,639.71 45,889.71 47,106.75 622.27 1,920.42 2,201.38 1,104.90 735.25 439.27 763.85 283.51 (1,384.53) (442,702.04) 4,868.75 4,500.00 (3,879.72) (199.75) 30,250.00 1,217.04 U.S. Bank Fees May 2024 Purchase - Interest 91282CFB2 Accrual Income Div Reinvestment - Distributions Page 36 Account Statement For the Month Ending July 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 47,106.75 Month of Fiscal YTD July January-July Opening Balance Purchases Redemptions (Excl. Checks) Check Disbursements 88,805.27 1,130,657.05 (1,172,355.57) 0.00 116,772.96 13,250,946.86 (13,320,613.07) 0.00 Closing Balance Average Monthly Balance Monthly Distribution Yield 47,106.75 264,473.35 5.43% Closing Balance 47,106.75 47,106.75 Cash Dividends and Income 1,217.04 5,902.92 Page 37 Review of Investment Performance CAMP Accounts City of Lake Elsinore Investment Performance Review For the Quarter Ended June 30, 2024 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 June 30, 2024 CITY OF LAKE ELSINORE Market Update Current Market Themes ▸ The U.S. economy is characterized by: ▹ Moderating economic growth following two quarters of exceptional strength ▹ Recent inflation prints resuming the path towards the Federal Reserve (Fed)’s 2% target ▹ Labor markets continuing to show strength while unemployment has ticked up modestly ▹ Resilient consumer spending supported by wage growth that is outpacing inflation ▸ Federal Reserve pushes out rate cuts ▹ Fed revises expectations from 3 rate cuts in 2024 to 1 by year end following a lack of progress in the fight against inflation ▹ Market continues to expect 1 or 2 rate cuts in 2024 ▹ Fed officials note that the risks to its “dual mandate” of stable inflation and maximum employment are becoming more balanced ▸ Treasury yields increase in response to economic data over the quarter ▹ Yields on maturities between 2 and 10 years rose 13-20 basis points during the quarter ▹ The yield curve has now been inverted for 24 months, the longest period in history ▹ Spreads across most sectors remain near multi-year tights and represent market expectations for a soft landing 1© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update Fed’s Preferred Inflation Measure Shows Progress Core Inflation Measures Year-Over-Year Changes Core CPI Core PCE 7% 6% 5% 4% 3% 2% 1% Core CPI and PCE strips out the volatile food and energy components. May-24 3.4% May-24 2.6%Federal Reserve Inflation Target May-21 Nov-21 May-22 Nov-22 May-23 Nov-23 May-24 Source: Bureau of Labor Statistics, Bureau of Economic Analysis, and Bloomberg. As of May 2024. 2© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update Labor Market Moves Into Better Balance Worker-Demand GapMonthly Change In Nonfarm Payrolls May 2018 - May 2024 400 350 300 250 200 150 100 50 Revised lower by combined 111K 2.5 Number of Jobs Available Per Unemployed Person 2 0 1.5 1.22 Unemployment Rate7% 6% 5% 4% 1 Pre-Pandemic Average 0.5Jun-24 4.1% 3%0 May-182021202220232024 May-20 May-22 May-24 Source: Bloomberg, Bureau of Labor Statistics. Monthly change in nonfarm payrolls and unemployment rate as of June 2024. Data is seasonally adjusted (left). Worker demand gap as of May 2024. Pre- pandemic average from February 2016 – February 2020 (right). 3© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update Economic Incentive to Switch Jobs is Declining Wage Growth 12-month moving average Job Stayer Job Switcher 8% 7% 6% 5% 4% 3% 7.7% Rebalancing of labor market has reduced employers’ need to pay workers more to switch jobs 5.6% 5.6% 4.9% 2% 2015 2017 2019 2021 2023 Source: Bloomberg, Federal Reserve Bank of Atlanta as of March 2024. 4© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update The Consumer Moderates But Remains Well Positioned Given Strong Wage Growth Percentage Change in Earnings and Inflation Retail Sales (Monthly) CPI Wages and Salaries35% 30% 25% 20% 15% 10% 5% $750 $700 $650 $600 $550 $500 $450 $400 0% -5% -10% 2019 2020 2021 2022 2023 2020 2021 2022 2023 2024 Source: Bloomberg, U.S. Census Bureau, Bureau of Economic Analysis as of May 2024 (left). Bloomberg, U.S. Census Bureau as of May 2024 (right). 5© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update Fed’s Updated June Projections Reflect Stable Economic Expectations for 2024 Change in Real GDP Unemployment Rate 4% 3% 2% 1% 0% 6% 5% 4% 3% 2% 1% 0% March Projections June Projections March Projections June Projections 4.2%4.2%4.1%4.0% 2.1%2.0%2.0%1.8% 2024 2025 2026 Longer Run 2024 2025 2026 Longer Run PCE Inflation Federal Funds Rate 6% 5% 4% 3% 2% 1% 0% March Projections June ProjectionsMarch Projections June Projections 6%5.1% 5% 4% 3% 2% 1% 0% 4.1% 3.1%2.6%2.8%2.3%2.0%2.0% 2024 2025 2026 Longer Run202420252026Longer Run Source: Federal Reserve, latest economic projections as of June 2024. 6© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update Treasury Yields Move Higher as Market Evolves to Revised Fed Expectations U.S. Treasury Yield Curve 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 5.35% 4.75%4.56%4.38% 4.37%4.40% 1 Year Range June 30, 2024 March 31, 2024 3mo 2yr 5yr 7yr 10yr 30yr Maturity Source: Bloomberg, as of 6/30/2024. 7© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update Sector Yield Spreads Federal Agency Yield Spreads Corporate Notes A-AAA Yield Spreads 0.9% 0.7% 0.5% 0.3% 0.2% 0.1% 0.0% -0.1% Bullet Callable 1 Year Average 1-5 Yr. AAA-A Corp 1 Year Average 68 bps 4 bps Mar-24 Apr-24 May-24 Jun-24 Mar-24 Apr-24 May-24 Jun-24 Mortgage-Backed Securities Yield Spreads Asset-Backed Securities AAA Yield Spreads 0.9% 0.7% 0.5% 0.3% AAA ABS 1 Year Average0.9% 0.7% 0.5% 0.3% Agency MBS Agency CMBS Index 1 Year Average 69 bps 53 bps Mar-24 Apr-24 May-24 Jun-24 Mar-24 Apr-24 May-24 Jun-24 Source: ICE BofA 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of June 30, 2024. 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 June 30, 2024 CITY OF LAKE ELSINORE Market Update Fixed-Income Index Total Returns in 2Q 2024 1-5 Year Indices 1-Year ReturnSecond Quarter 2024 Returns 1.5% 1.0% 0.5% 0.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% 6.76% 1.18% 1.10%5.85%5.75% 0.97%0.97% 4.70% 0.82%4.16% Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of June 30, 2024. 9© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update Factors to Consider for 6-12 Months Monetary Policy (Global):Economic Growth (Global):Inflation (U.S.): • The Fed remains data dependent. Recent Fed guidance has been revised from three rate cuts to one rate cut in 2024. Markets currently expect one or two cuts. • U.S. economic growth remains resilient but there has been some softness recently as consumer spending tapers. • The latest inflation reading has revived market confidence that inflation is heading in the right direction after experiencing broad disinflation across both goods and services.• Economic growth outside U.S. remain mixed with slower but improved growth projected in Eurozone and continued growth projected in emerging markets. • Globally, major central banks have begun easing cycle with rate cuts leading to divergence from Fed policy. • Despite the progress on inflation, policymakers would like more data to confirm the downward trend. Financial Conditions (U.S.):Consumer Spending (U.S.):Labor Markets: • Market measures, such as narrow corporate yield spreads, record equity index levels and low volatility, reflect economic confidence. • The consumer has begun to exercise caution and limit spending, which has shed light on a notable downshift over recent months. • The labor market normalization has begun. After the pandemic-led jolt, the labor force participation rate and non-farm payrolls have moved to be in line with long-term averages. • With interest rates elevated and the gradual normalization of labor markets and the consumer, we continue to focus on identifying potential catalysts for a broader slow down. • Moderation in the pace of overall spending is expected to continue given persistent inflation, reduced/lower savings, and a cooling job market. • With the quits rate and excess demand for workers reaching a better balance, this should help cool wage pressures and inflation. Negative Slightly Negative Neutral Slightly Positive PositiveCurrent outlook Outlook one quarter ago Statements and opinions expressed about the next 6-12 months were developed based on our independent research with information obtained from Bloomberg and FactSet. The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC at the time of distribution (6/30/2024) and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management LLC cannot guarantee its accuracy, completeness, or suitability. 10© PFM Asset Management LLC | pfmam.com Portfolio Review © PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Snapshot Portfolio Snapshot¹ Portfolio Statistics Sector Allocation Total Market Value Managed Account Sub-Total Accrued Interest $52,616,515.15 $52,198,072.57 $329,637.31 $88,805.27 U.S. Treasury | 43% Corporate | 23%Pool Agency CMBS | 15% ABS | 11% Federal Agency | 4% Municipal | 3% Negotiable CD | 2% JointPowers Authority | <1% Portfolio Effective Duration Benchmark Effective Duration Yield At Cost 2.54 years 2.52 years 3.92% Yield At Market 4.80% Portfolio Credit Quality AA Credit Quality - S&P Duration Distribution Portfolio Benchmark AAA | 11%38%40% 30% 20% 10% 0% AAAm | <1% AA+ | 63% AA| 4% AA- | 6% A+ | 4% A| 6% A- | 3% BBB+ | 1% Not Rated | 2% 34%31% 23%26% 15%12%10% 5%5% 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 June 30, 2024. 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. 11© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Sector Analytics U.S. Treasury I $22,441,380 Agency I $2,154,023 42.7% 4.1% Agency CMBS I $7,840,245 Municipal I $1,362,627 Corporate I $12,223,766 Negotiable CD I $923,306 Asset-Backed I $5,582,363 CAMP I $88,805 14.9% 2.6% 23.2% 1.8% 10.6% 0.2% 0%10%20%30%40%50%60%70%80%90%100% Sector Limit for Analysis*Portfolio Allocation For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 12© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Compliance Certificate of Compliance During the reporting period for the quarter ended June 30, 2024, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM. Acknowledged : PFM Asset Management LLC Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM"). 13© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Portfolio Activity Net Activity by Sector ($ millions) Sector Net Activity $545,098 $340,308 ($41,071) ($134,605) ($185,768) $523,961 Agency CMBS ABSAgency CMBS ABS U.S. Treasury Municipal Corporate Total Net Activity U.S. Treasury Municipal r Corporate ($6.0)($4.0)($2.0)$0.0 $2.0 $4.0 $6.0 Sales/Maturities Purchases Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding. 14© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Characteristics Historical Sector Allocation 10% 24% 11% 23% 2% 3% 2% 3% 14% 4% 15% 4% 43%43% Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 15© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Performance Portfolio Performance Portfolio Benchmark 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% -1.0%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 $417,628 $24,294 $1,424,327 $887,095 $2,503,676 ($1,568,457) $935,219 $3,814,297 ($1,025,808) $2,788,489 $6,542,063 ($613,408) $5,928,655$441,922 $2,311,422 Portfolio 0.85% 0.82% 0.03% 4.59% 4.16% 0.43% -0.06% -0.35% 0.30% 1.08% 0.76% 0.32% 1.44% 1.15% 0.29% 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. 16© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Performance Accrual Basis Earnings Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned²$417,628 ($181,771) $97,859 $1,424,327 ($637,234) $401,446 $2,503,676 ($1,060,228) $593,052 $3,814,297 ($200,701) $546,405 $6,542,063 ($388,531) $454,237 Realized Gains / (Losses)³ Change in Amortized Cost Total Earnings $333,717 $1,188,540 $2,036,500 $4,160,001 $6,607,769 1. The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2010. 2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity. 3. Realized gains / (losses) are shown on an amortized cost basis. 17© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Market Update Fixed-Income Sector Outlook – 3Q 2024 Sector Our Investment Preferences C O M M E R C I A L P AP E R / C D T R E A S U R I E S T-Bill T-Note F E D E R A L A G E N C I E S Bullets Callables S U P R A N A T I O N A L S C O R P O R A T E S Financials Industrials S E C U R I T I Z E D Asset-Backed Agency Mortgage-Backed Agency CMBS M U N I C I P A L S Slightly Negative Slightly PositiveCurrent outlook Outlook one quarter ago Negative Neutral Positive 18© PFM Asset Management LLC | pfmam.com Issuer Distribution © PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 23.3%42.7%Corporate UNITED STATES TREASURY 42.7%AA / Aaa / AA AMAZON.COM INC 0.9% 0.7% 1.4% 0.8% 0.9% 1.5% 0.4% 0.7% 0.4% 0.5% 0.1% 0.8% 1.5% 0.7% 0.4% 0.8% 0.8% 0.4% 0.3% 0.1% 1.4% 1.4% 0.7% AA / A / AA BBB / A / A AA / Aaa / NR A / A / AA AA / Aa / A AA / Aa / NR A / A / NR A / A / NR A / A / A Federal Agency 4.1%AMERICAN EXPRESS CO APPLE INCFANNIE MAE 1.8% 0.3% 2.0% 14.9% AA / Aaa / AA AA / Aaa / NR AA / Aaa / AA BANK OF AMERICA CO BERKSHIRE HATHAWAY INC BLACKROCK INC FEDERAL HOME LOAN BANKS FREDDIE MAC Agency CMBS BMW FINANCIAL SERVICES NA LLC BRISTOL-MYERS SQUIBB CO CATERPILLAR INC FANNIE MAE FREDDIE MAC Municipal 1.0% 13.9% 2.6% AA / Aaa / AA AA / Aaa / AA CHARLES SCHWAB A / A / A CALIFORNIA STATE UNIVERSITY 0.2% 0.2% AA / Aa / NR AA / Aa / NR CINTAS CORPORATION NO. 2 CISCO SYSTEMS INC CITIGROUP INC A / A / NR AA / A / NR A / Aa / A A / A / A CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT FLORIDA STATE BOARD OF ADMIN FIN CORP NEW YORK ST URBAN DEVELOPMENT CORP SAN JUAN UNIFIED SCHOOL DISTRICT STATE OF CALIFORNIA 0.6% 0.6% 0.2% 0.4% 0.1% 0.2% 0.2% 1.8% AA / Aa / AA NR / NR / AA NR / Aa / NR AA / Aa / AA AA / Aa / AA AAA / Aaa / AAA AA / Aa / AA DEERE & COMPANY GENERAL DYNAMICS CORP GOLDMAN SACHS GROUP INC HOME DEPOT INC A / A / NR BBB / A / A A / A / ASTATE OF CONNECTICUT IBM CORP A / A / ASTATE OF MINNESOTA JP MORGAN CHASE & CO LOCKHEED MARTIN CORP MICROSOFT CORP A / A / AA A / A / A UNIVERSITY OF CALIFORNIA Negotiable CD AAA / Aaa / NR AA / Aa / NR A / A / A NORDEA BANK ABP TORONTO-DOMINION BANK Corporate 0.9% 0.9% AA / Aa / AA A / A / NR NATIONAL AUSTRALIA BANK LTD NATIONAL RURAL UTILITIES CO FINANCE CORP23.3% ABBOTT LABORATORIES ADOBE INC 0.4% 0.7% 0.7% AA / Aa / NR A / A / NR A / A / NR PACCAR FINANCIAL CORP ROCHE HOLDINGS INC TARGET CORP 0.3% 0.8% 0.1% A / A / NR AA / Aa / AA A / A / AAIR PRODUCTS & CHEMICALS Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds. 19© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Summary Issuer Diversification Security Type / Issuer Corporate Market Value (%) S&P / Moody's / Fitch 23.3% TEXAS INSTRUMENTS INC 0.2% 0.8% A / Aa / NR A / A / AATHE BANK OF NEW YORK MELLON CORPORATION TOYOTA MOTOR CORP UNITEDHEALTH GROUP INC USAA CAPITAL CORP ABS 0.7% 0.4% 0.4% 10.6% A / A / A A / A / A AA / Aa / NR AMERICAN EXPRESS CO 2.1% 0.7% 1.4% 0.4% 0.8% 1.6% 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% 0.8% NR / Aaa / AAA AAA / Aaa / AAA AAA / NR / AAA AAA / Aaa / NR AAA / NR / AAA 0.1% 0.4% 0.6% Total 100.0% Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds. 20© PFM Asset Management LLC | pfmam.com Portfolio Transactions © PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 ($)CUSIP Security Description Coupon BUY 4/1/2024 4/2/2024 4/3/2024 4/16/2024 5/1/2024 6/5/2024 6/6/2024 6/17/2024 6/18/2024 4/4/2024 4/4/2024 4/5/2024 4/23/2024 5/6/2024 6/13/2024 6/11/2024 6/25/2024 6/25/2024 205,000.00 170,000.00 400,000.00 495,000.00 2,450,000.00 550,000.00 2,900,000.00 125,000.00 250,000.00 7,545,000.00 00724PAF6 00724PAF6 91282CGP0 02582JKH2 91282CGP0 3137HDJJ0 91282CCH2 437076DC3 437076DC3 ADOBE INC CORP NOTES (CALLABLE) ADOBE INC CORP NOTES (CALLABLE) US TREASURY NOTES 4.80% 4.80% 4.00% 5.23% 4.00% 4.80% 1.25% 4.75% 4.75% 4/4/2029 4/4/2029 2/29/2028 4/16/2029 2/29/2028 5/1/2029 6/30/2028 6/25/2029 6/25/2029 204,694.55 169,775.60 395,205.85 494,898.53 2,401,233.02 550,878.90 2,581,486.74 124,193.75 248,627.50 7,170,994.44 4.83% 4.83% 4.45% 5.23% 4.79% 4.80% 4.39% 4.90% 4.88% AMXCA 2024-1 A US TREASURY NOTES FHMS K522 A2 US TREASURY NOTES HOME DEPOT INC CORPORATE NOTES (CALLABLE HOME DEPOT INC CORPORATE NOTES (CALLABLE Total BUY INTEREST 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 0.00 4/1/2024 300,000.00 500,000.00 245,130.79 800,000.00 290,000.00 377,198.75 808513BW4 3137HAQ74 3137BGK24 3137HAMH6 3137HBLV4 3137BTUM1 CHARLES SCHWAB CORP NOTES (CALLABLE) FHMS K508 A2 3.30% 4.74% 3.06% 4.65% 4.57% 3.34% 4/1/2027 8/1/2028 12/1/2024 8/1/2028 12/1/2028 11/1/2026 4,950.00 1,975.00 625.49 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 FHMS K043 A2 FHMS K506 A2 3,100.00 1,104.90 1,052.07 FHMS K514 A2 FHMS K061 A2 21© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 550,000.00 550,000.00 550,000.00 180,000.00 398,318.67 438,034.42 275,000.00 550,000.00 550,000.00 375,000.00 500,000.00 275,000.00 350,000.00 91,573.46 3137BXQY1 3137F1G44 3137HACX2 3137HB3D4 3137HBC69 3137HAD45 3137BNGT5 3136BQDE6 3137BSP72 3137HAST4 3137HAMS2 3137HB3G7 31680EAD3 89190GAC1 344928AD8 65480BAC1 02582JJZ4 FHMS K064 A2 3.22% 3.24% 4.81% 5.06% 4.85% 4.77% 2.74% 4.19% 2.65% 4.85% 4.80% 4.86% 5.53% 0.26% 4.65% 0.33% 4.87% 3/1/2027 4/1/2027 6/1/2028 10/1/2028 5/1/2028 6/1/2028 1/1/2026 7/1/2028 8/1/2026 9/1/2028 9/1/2028 10/1/2028 8/15/2028 11/17/2025 2/15/2028 10/15/2025 5/15/2028 1,477.67 1,486.38 2,208.71 760.35 FHLMC MULTIFAMILY STRUCTURED P FHMS K505 A2 FHMS K510 A2 FHMS KJ48 A1 1,612.53 1,743.74 629.06 FHMS KJ46 A1 FHMS K054 A2 FNA 2023-M6 A2 FHMS K058 A2 1,920.42 1,215.96 1,515.63 2,000.00 1,113.75 1,612.92 19.84 FHMS K509 A2 FHMS K507 A2 FHMS K511 A2 FITAT 2023-1 A3 TAOT 2021-B A3 FORDO 2023-A A3 NAROT 2021-A A3 AMXCA 2023-1 A 130,000.00 94,704.98 503.75 26.04 190,000.00 771.08 22© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 320,000.00 410,000.00 405,000.00 350,000.00 25,000.00 170,000.00 245,000.00 490,000.00 210,000.00 170,000.00 42,575.89 180,000.00 140,000.00 245,000.00 11,826.43 195,000.00 31,040.41 254683CY9 02582JKD1 161571HT4 254683CZ6 437076CM2 05522RDG0 14041NGB1 14041NGD7 14318MAD1 41285JAD0 44935FAD6 05522RDH8 65480JAC4 891940AC2 44933LAC7 254683CP8 14314QAC8 DCENT 2023-A1 A 4.31% 5.23% 5.16% 4.93% 2.70% 4.79% 4.95% 4.42% 3.97% 5.05% 0.74% 4.98% 4.46% 4.63% 0.38% 0.58% 0.52% 3/15/2028 9/15/2028 9/15/2028 6/15/2028 4/15/2025 5/15/2028 10/15/2027 5/15/2028 4/15/2027 12/15/2027 5/15/2026 11/15/2028 5/17/2027 9/15/2027 9/15/2025 9/15/2026 2/17/2026 1,149.33 1,786.92 1,741.50 1,437.92 337.50 678.58 1,010.63 1,804.83 694.75 715.42 26.26 AMXCA 2023-3 A CHAIT 2023-A1 A DCENT 2023-A2 A HOME DEPOT INC (CALLABLE) CORPORATE NOTE BACCT 2023-A1 A1 COMET 2022-A3 A COMET 2023-A1 A CARMX 2022-3 A3 HDMOT 2023-A A3 HART 2021-C A3 BACCT 2023-A2 A2 NAROT 2022-B A3 TAOT 2023-A A3 747.00 520.33 945.29 3.75HART 2021-A A3 DCENT 2021-A1 A1 CARMX 2021-2 A3 94.25 13.45 23© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 4/16/2024 4/16/2024 4/18/2024 4/21/2024 4/21/2024 4/30/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 4/16/2024 4/16/2024 4/18/2024 4/21/2024 4/21/2024 4/30/2024 5/1/2024 49,658.13 275,000.00 320,000.00 54,334.83 362554AC1 36265QAD8 43815QAC1 43815GAC3 438123AC5 91282CEN7 17252MAP5 90327QD89 13077DQD7 3137HAST4 3137HBC69 3137HBLV4 3137HAMS2 3137BNGT5 3136BQDE6 3137BGK24 3137HB3D4 GMCAR 2021-4 A3 0.68% 4.82% 5.41% 0.88% 5.67% 2.75% 3.45% 3.37% 0.86% 4.85% 4.85% 4.57% 4.80% 2.74% 4.19% 3.06% 5.06% 9/16/2026 8/16/2027 2/18/2028 1/21/2026 6/21/2028 4/30/2027 5/1/2025 5/1/2025 11/1/2025 9/1/2028 5/1/2028 12/1/2028 9/1/2028 1/1/2026 7/1/2028 12/1/2024 10/1/2028 28.14 GMCAR 2022-4 A3 1,104.58 1,442.67 39.85 HAROT 2023-3 A3 HAROT 2021-4 A3 85,000.00 HAROT 2023-4 A3 401.63 1,200,000.00 65,000.00 US TREASURY NOTES CINTAS CORPORATION NO. 2 CORP NOTE (CALL USAA CAPITAL CORP CORPORATE NOTES CA ST UNIV TXBL REV BONDS FHMS K509 A2 16,500.00 1,121.25 3,796.88 366.35 5/1/2024 225,000.00 85,000.005/1/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 375,000.00 397,849.40 290,000.00 500,000.00 275,000.00 550,000.00 244,719.54 180,000.00 1,515.63 1,610.63 1,104.90 2,000.00 629.06 FHMS KJ48 A1 FHMS K514 A2 FHMS K507 A2 FHMS K054 A2 FNA 2023-M6 A2 1,920.42 624.44FHMS K043 A2 FHMS K510 A2 760.35 24© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/3/2024 5/7/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/3/2024 437,804.30 275,000.00 550,000.00 800,000.00 550,000.00 550,000.00 550,000.00 500,000.00 376,479.71 450,000.00 650,000.00 38,242.38 3137HAD45 3137HB3G7 3137HACX2 3137HAMH6 3137F1G44 3137BXQY1 3137BSP72 3137HAQ74 3137BTUM1 65558UYF3 3135G06G3 44935FAD6 05522RDH8 254683CP8 02582JKD1 41285JAD0 02582JJZ4 FHMS KJ46 A1 4.77% 4.86% 4.81% 4.65% 3.24% 3.22% 2.65% 4.74% 3.34% 5.53% 0.50% 0.74% 4.98% 0.58% 5.23% 5.05% 4.87% 6/1/2028 1,742.83 1,113.75 2,208.71 3,100.00 1,486.38 1,477.67 1,215.96 1,975.00 1,050.06 12,442.50 1,625.00 23.58 FHMS K511 A2 10/1/2028 6/1/2028FHMS K505 A2 FHMS K506 A2 8/1/2028 FHLMC MULTIFAMILY STRUCTURED P FHMS K064 A2 4/1/2027 3/1/2027 FHMS K058 A2 8/1/2026 FHMS K508 A2 8/1/2028 FHMS K061 A2 11/1/2026 11/3/2025 11/7/2025 5/15/2026 11/15/2028 9/15/2026 9/15/2028 12/15/2027 5/15/2028 NORDEA BANK ABP NEW YORK CERT DEPOS FANNIE MAE NOTES HART 2021-C A3 5/7/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 180,000.00 195,000.00 410,000.00 170,000.00 190,000.00 BACCT 2023-A2 A2 DCENT 2021-A1 A1 AMXCA 2023-3 A 747.00 94.25 1,786.92 715.42HDMOT 2023-A A3 AMXCA 2023-1 A 771.08 25© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 170,000.00 225,000.00 130,000.00 245,000.00 8,564.20 05522RDG0 91324PEC2 344928AD8 14041NGB1 44933LAC7 14314QAC8 14318MAD1 02582JKH2 254683CY9 89190GAC1 161571HT4 254683CZ6 65480JAC4 14041NGD7 891940AC2 539830BZ1 369550BG2 BACCT 2023-A1 A1 4.79% 1.15% 4.65% 4.95% 0.38% 0.52% 3.97% 5.23% 4.31% 0.26% 5.16% 4.93% 4.46% 4.42% 4.63% 4.45% 3.50% 5/15/2028 5/15/2026 2/15/2028 10/15/2027 9/15/2025 2/17/2026 4/15/2027 4/16/2029 3/15/2028 11/17/2025 9/15/2028 6/15/2028 5/17/2027 5/15/2028 9/15/2027 5/15/2028 5/15/2025 678.58 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR FORDO 2023-A A3 1,293.75 503.75 COMET 2022-A3 A 1,010.63 2.71HART 2021-A A3 26,694.06 210,000.00 495,000.00 320,000.00 78,128.60 405,000.00 350,000.00 140,000.00 490,000.00 245,000.00 60,000.00 225,000.00 CARMX 2021-2 A3 11.57 CARMX 2022-3 A3 694.75 AMXCA 2024-1 A 1,582.07 1,149.33 16.93 DCENT 2023-A1 A TAOT 2021-B A3 CHAIT 2023-A1 A 1,741.50 1,437.92 520.33 DCENT 2023-A2 A NAROT 2022-B A3 COMET 2023-A1 A 1,804.83 945.29TAOT 2023-A A3 LOCKHEED MARTIN CORP NOTES (CALLABLE) GENERAL DYNAMICS CORP (CALLABLE) CORP NO 1,335.00 3,937.50 26© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/16/2024 5/16/2024 5/18/2024 5/21/2024 5/21/2024 5/31/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/16/2024 5/16/2024 5/18/2024 5/21/2024 5/21/2024 5/31/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 350,000.00 81,607.27 31680EAD3 65480BAC1 912828U24 91412HGE7 36265QAD8 362554AC1 43815QAC1 43815GAC3 438123AC5 91282CFZ9 3137BXQY1 3137BNGT5 3137HB3G7 3137HAMS2 3137HAST4 3136BQDE6 3137HAD45 FITAT 2023-1 A3 5.53% 0.33% 2.00% 0.88% 4.82% 0.68% 5.41% 0.88% 5.67% 3.87% 3.22% 2.74% 4.86% 4.80% 4.85% 4.19% 4.77% 8/15/2028 10/15/2025 11/15/2026 5/15/2025 8/16/2027 9/16/2026 2/18/2028 1/21/2026 6/21/2028 11/30/2027 3/1/2027 1,612.92 22.44NAROT 2021-A A3 US TREASURY NOTES UNIV OF CAL TXBL REV BONDS GMCAR 2022-4 A3 GMCAR 2021-4 A3 HAROT 2023-3 A3 HAROT 2021-4 A3 HAROT 2023-4 A3 US TREASURY NOTES FHMS K064 A2 12,825,000.00 85,000.00 128,250.00 375.28 275,000.00 45,745.63 1,104.58 25.92 320,000.00 49,438.91 1,442.67 36.26 85,000.00 401.63 2,375,000.00 550,000.00 275,000.00 275,000.00 500,000.00 375,000.00 550,000.00 437,523.47 46,015.63 1,477.67 629.06FHMS K054 A2 1/1/2026 FHMS K511 A2 10/1/2028 9/1/2028 1,113.75 2,000.00 1,515.63 1,920.42 1,741.71 FHMS K507 A2 FHMS K509 A2 9/1/2028 FNA 2023-M6 A2 7/1/2028 FHMS KJ46 A1 6/1/2028 27© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/1/2024 6/3/2024 6/6/2024 6/9/2024 6/9/2024 6/15/2024 6/15/2024 6/15/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/3/2024 397,229.54 550,000.00 500,000.00 290,000.00 550,000.00 180,000.00 550,000.00 375,712.67 800,000.00 244,283.12 475,000.00 225,000.00 250,000.00 500,000.00 50,000.00 3137HBC69 3137BSP72 3137HAQ74 3137HBLV4 3137HACX2 3137HB3D4 3137F1G44 3137BTUM1 3137HAMH6 3137BGK24 023135BQ8 06051GKE8 63254ABD9 63254ABE7 63743HFE7 65480BAC1 31680EAD3 FHMS KJ48 A1 4.85% 2.65% 4.74% 4.57% 4.81% 5.06% 3.24% 3.34% 4.65% 3.06% 0.80% 1.53% 3.50% 3.90% 3.45% 0.33% 5.53% 5/1/2028 8/1/2026 8/1/2028 12/1/2028 6/1/2028 10/1/2028 4/1/2027 11/1/2026 8/1/2028 12/1/2024 6/3/2025 12/6/2025 6/9/2025 6/9/2027 6/15/2025 10/15/2025 8/15/2028 1,608.12 1,215.96 1,975.00 1,104.90 2,208.71 760.35 FHMS K058 A2 FHMS K508 A2 FHMS K514 A2 FHMS K505 A2 FHMS K510 A2 FHLMC MULTIFAMILY STRUCTURED P FHMS K061 A2 1,486.38 1,047.93 3,100.00 623.33 FHMS K506 A2 FHMS K043 A2 AMAZON INC CORP NOTES (CALLABLE) BANK OF AMERICA CORP NOTES (CALLABLE) NATIONAL AUSTRALIA BK/NY CORPORATE NOTES NATIONAL AUSTRALIA BK/NY CORPORATE NOTES NATIONAL RURAL UTIL COOP CORPORATE NOTES NAROT 2021-A A3 1,900.00 1,721.25 4,375.00 9,762.50 862.50 6/6/2024 6/9/2024 6/9/2024 6/15/2024 6/15/2024 6/15/2024 68,866.64 18.94 350,000.00 FITAT 2023-1 A3 1,612.92 28© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 204,587.81 245,000.00 180,000.00 495,000.00 190,000.00 140,000.00 22,598.32 5,481.70 14318MAD1 891940AC2 05522RDH8 02582JKH2 02582JJZ4 65480JAC4 14314QAC8 44933LAC7 41285JAD0 161571HT4 44935FAD6 254683CZ6 02582JKD1 254683CY9 05522RDG0 14041NGB1 344928AD8 CARMX 2022-3 A3 TAOT 2023-A A3 BACCT 2023-A2 A2 AMXCA 2024-1 A AMXCA 2023-1 A NAROT 2022-B A3 CARMX 2021-2 A3 HART 2021-A A3 HDMOT 2023-A A3 CHAIT 2023-A1 A HART 2021-C A3 DCENT 2023-A2 A AMXCA 2023-3 A DCENT 2023-A1 A BACCT 2023-A1 A1 COMET 2022-A3 A FORDO 2023-A A3 3.97% 4.63% 4.98% 5.23% 4.87% 4.46% 0.52% 0.38% 5.05% 5.16% 0.74% 4.93% 5.23% 4.31% 4.79% 4.95% 4.65% 4/15/2027 9/15/2027 11/15/2028 4/16/2029 5/15/2028 5/17/2027 2/17/2026 9/15/2025 12/15/2027 9/15/2028 5/15/2026 6/15/2028 9/15/2028 3/15/2028 5/15/2028 10/15/2027 2/15/2028 676.84 945.29 747.00 2,157.37 771.08 520.33 9.79 1.74 170,000.00 405,000.00 34,223.25 350,000.00 410,000.00 320,000.00 170,000.00 245,000.00 130,000.00 715.42 1,741.50 21.10 1,437.92 1,786.92 1,149.33 678.58 1,010.63 503.75 29© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 6/15/2024 6/15/2024 6/15/2024 6/16/2024 6/16/2024 6/18/2024 6/21/2024 6/21/2024 6/30/2024 6/30/2024 6/30/2024 6/15/2024 6/15/2024 6/15/2024 6/16/2024 6/16/2024 6/18/2024 6/21/2024 6/21/2024 6/30/2024 6/30/2024 6/30/2024 490,000.00 195,000.00 65,396.39 14041NGD7 254683CP8 89190GAC1 362554AC1 36265QAD8 43815QAC1 43815GAC3 438123AC5 912828ZW3 912828YY0 91282CCH2 COMET 2023-A1 A DCENT 2021-A1 A1 TAOT 2021-B A3 4.42% 0.58% 0.26% 0.68% 4.82% 5.41% 0.88% 5.67% 0.25% 1.75% 1.25% 5/15/2028 9/15/2026 11/17/2025 9/16/2026 8/16/2027 2/18/2028 1/21/2026 6/21/2028 6/30/2025 12/31/2024 6/30/2028 1,804.83 94.25 14.17 41,843.76 GMCAR 2021-4 A3 GMCAR 2022-4 A3 HAROT 2023-3 A3 HAROT 2021-4 A3 HAROT 2023-4 A3 US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES 23.71 275,000.00 320,000.00 44,640.91 1,104.58 1,442.67 32.74 85,000.00 401.63 50,000.00 62.50 50,000.00 437.50 2,900,000.00 62,112,058.34 18,125.00 397,829.86Total INTEREST MATURITY 0.00 4/26/2024 6/1/2024 4/26/2024 6/1/2024 210,000.00 315,000.00 525,000.00 06406RAS6 46647PCH7 BANK OF NY MELLON CORP NOTES (CALLABLE) JPMORGAN CHASE CORP NOTES (CALLED, OMD 6 0.50% 0.82% 4/26/2024 6/1/2024 210,525.00 316,297.80 526,822.80Total MATURITY 0.00 30© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 4/1/2024 4/1/2024 4/1/2024 4/1/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/16/2024 4/21/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 5/15/2024 5/15/2024 4/25/2024 4/25/2024 4/25/2024 4/25/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/15/2024 4/16/2024 4/21/2024 5/25/2024 5/25/2024 5/25/2024 5/25/2024 5/15/2024 5/15/2024 719.04 3137BTUM1 3137HBC69 3137HAD45 3137BGK24 14314QAC8 89190GAC1 44933LAC7 44935FAD6 65480BAC1 362554AC1 43815GAC3 3137BTUM1 3137BGK24 3137HAD45 3137HBC69 44935FAD6 14314QAC8 FHMS K061 A2 FHMS KJ48 A1 FHMS KJ46 A1 FHMS K043 A2 CARMX 2021-2 A3 TAOT 2021-B A3 HART 2021-A A3 HART 2021-C A3 NAROT 2021-A A3 GMCAR 2021-4 A3 HAROT 2021-4 A3 FHMS K061 A2 FHMS K043 A2 FHMS KJ46 A1 FHMS KJ48 A1 HART 2021-C A3 CARMX 2021-2 A3 3.34% 4.85% 4.77% 3.06% 0.52% 0.26% 0.38% 0.74% 0.33% 0.68% 0.88% 3.34% 3.06% 4.77% 4.85% 0.74% 0.52% 11/1/2026 5/1/2028 719.04 469.27 230.12 469.27 230.126/1/2028 411.25 12/1/2024 2/17/2026 11/17/2025 9/15/2025 5/15/2026 10/15/2025 9/16/2026 1/21/2026 11/1/2026 12/1/2024 6/1/2028 411.25 4,346.35 13,444.86 3,262.23 4,333.51 13,097.71 3,912.50 4,895.92 767.04 4,346.35 13,444.86 3,262.23 4,333.51 13,097.71 3,912.50 4,895.92 767.04 436.42 436.42 280.83 280.83 619.86 5/1/2028 619.86 4,019.13 4,095.74 5/15/2026 2/17/2026 4,019.13 4,095.74 31© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/16/2024 5/21/2024 6/1/2024 5/15/2024 5/15/2024 5/15/2024 5/15/2024 5/16/2024 5/21/2024 6/25/2024 6/25/2024 6/25/2024 6/25/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/16/2024 5,412.19 14318MAD1 65480BAC1 44933LAC7 89190GAC1 362554AC1 43815GAC3 3137HBC69 3137BTUM1 3137BGK24 3137HAD45 65480BAC1 14314QAC8 44935FAD6 44933LAC7 89190GAC1 14318MAD1 362554AC1 CARMX 2022-3 A3 NAROT 2021-A A3 HART 2021-A A3 TAOT 2021-B A3 GMCAR 2021-4 A3 HAROT 2021-4 A3 FHMS KJ48 A1 3.97% 0.33% 0.38% 0.26% 0.68% 0.88% 4.85% 3.34% 3.06% 4.77% 0.33% 0.52% 0.74% 0.38% 0.26% 3.97% 0.68% 4/15/2027 10/15/2025 9/15/2025 11/17/2025 9/16/2026 1/21/2026 5/1/2028 5,412.19 12,740.63 3,082.50 12,732.21 3,901.87 4,798.00 483.66 12,740.63 3,082.50 12,732.21 3,901.87 4,798.00 483.66 6/1/2024 716.58 FHMS K061 A2 11/1/2026 12/1/2024 6/1/2028 716.58 6/1/2024 414.18 FHMS K043 A2 414.18 6/1/2024 232.87 FHMS KJ46 A1 232.87 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/15/2024 6/16/2024 12,556.95 4,000.37 3,982.42 3,068.82 12,493.29 11,904.34 3,826.06 NAROT 2021-A A3 CARMX 2021-2 A3 HART 2021-C A3 HART 2021-A A3 TAOT 2021-B A3 CARMX 2022-3 A3 GMCAR 2021-4 A3 10/15/2025 2/17/2026 5/15/2026 9/15/2025 11/17/2025 4/15/2027 9/16/2026 12,556.95 4,000.37 3,982.42 3,068.82 12,493.29 11,904.34 3,826.06 32© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 6/21/2024 6/21/2024 4,683.38 43815GAC3 HAROT 2021-4 A3 0.88%1/21/2026 4,683.39 Total PAYDOWNS SELL 160,372.10 160,372.11 0.00 4/2/2024 4/3/2024 4/16/2024 4/16/2024 5/1/2024 5/1/2024 5/1/2024 5/1/2024 6/5/2024 6/6/2024 6/6/2024 6/6/2024 6/18/2024 Total SELL 4/4/2024 150,000.00 400,000.00 300,000.00 175,000.00 500,000.00 200,000.00 750,000.00 900,000.00 140,000.00 250,000.00 350,000.00 2,100,000.00 175,000.00 6,390,000.00 91282CCP4 61746BDQ6 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 91282CCP4 54438CYK2 912828U24 912828U24 912828U24 912828U24 US TREASURY NOTES 0.62% 3.87% 0.62% 0.62% 0.62% 0.62% 0.62% 0.62% 0.77% 2.00% 2.00% 2.00% 2.00% 7/31/2026 4/29/2024 7/31/2026 7/31/2026 7/31/2026 7/31/2026 7/31/2026 7/31/2026 8/1/2025 136,992.97 406,236.67 273,181.45 159,355.84 455,453.09 182,181.23 683,179.62 819,815.55 134,604.76 235,513.33 329,718.67 1,978,311.99 165,293.27 5,959,838.44 -5,623.70 -795.724/5/2024 4/23/2024 4/23/2024 5/6/2024 5/6/2024 5/6/2024 5/6/2024 6/5/2024 6/11/2024 6/11/2024 6/11/2024 6/25/2024 MORGAN STANLEY CORP NOTES US TREASURY NOTES -13,073.16 -7,284.67 -22,119.95 -6,119.21 -34,715.87 -36,275.85 -5,768.00 -1,683.82 -5,449.03 -34,816.02 -2,544.84 -176,269.84 US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES LOS ANGELES CCD, CA TXBL GO BONDS US TREASURY NOTES 11/15/2026 11/15/2026 11/15/2026 11/15/2026 US TREASURY NOTES US TREASURY NOTES US TREASURY NOTES 33© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon TRANSFER IN 5/7/2024 5/7/2024 100,000.00 60412AK85 MINNESOTA ST-F-UNREF MUNICIPAL BONDS 0.63% 0.63% 8/1/2025 8/1/2025 94,667.00 5.30% 0.63% Total TRANSFER IN TRANSFER OUT 100,000.00 94,667.00 0.00 5/7/2024 5/7/2024 100,000.00 60412AVJ9 MN ST TXBL GO BONDS 94,667.00 -5,501.00 Total TRANSFER OUT 100,000.00 94,667.00 -5,501.00 34© PFM Asset Management LLC | pfmam.com Portfolio Holdings © PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 912828U24 912828U24 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 91282CFZ9 91282CFZ9 91282CGP0 91282CGP0 91282CGP0 91282CGP0 50,000.00 50,000.00 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 1/4/2023 8/7/2020 4/5/2021 1/6/2023 53,441.41 0.18 49,031.25 0.72 2.38 50,391.90 49,772.06 49,117.19 47,648.44US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025 0.34 1,149.46 24,266.30 5,559.78 6,890.11 4,593.41 9,473.90 4,306.32 3,938.53 3,856.47 5,347.83 32,755.43 18,048.91 8,021.74 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 450,000.00 9,500,000.00 1,200,000.00 600,000.00 400,000.00 825,000.00 375,000.00 1,200,000.00 1,175,000.00 400,000.00 2,450,000.00 1,350,000.00 600,000.00 418,658.20 3.96 8,922,578.13 3.72 1,155,421.88 3.70 565,640.63 4.30 373,265.62 4.44 786,779.30 3.97 362,329.10 3.62 1,184,109.38 4.24 1,170,501.95 3.98 393,640.63 4.45 2,383,390.63 4.79 1,335,287.11 4.30 602,507.81 3.89 430,714.45 9,141,899.31 1,170,233.23 573,970.17 381,295.91 796,637.01 365,791.50 1,186,390.38 1,171,063.81 394,028.89 2,386,066.47 1,336,470.21 602,261.08 423,421.88 8,938,906.25 1,143,187.44 569,718.72 379,812.48 783,363.24 356,074.20 1,177,125.00 1,152,601.56 393,875.00 2,412,484.37 1,329,328.13 590,812.50 US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026 1/13/2023 1/17/2023 1/31/2023 2/3/2023US TREASURY NOTES DTD 04/30/2022 2.750% 04/30/2027 US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027 7/3/2023 3/2/2023 6/2/2023 5/1/2023 7/7/2023 3/6/2023 6/6/2023 5/5/2023 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 07/31/2022 2.750% 07/31/2027 US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027 12/1/2023 12/5/2023 US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027 1/2/2024 4/3/2024 5/1/2024 3/1/2024 2/2/2024 1/5/2024 4/5/2024 5/6/2024 3/6/2024 2/6/2024 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028 35© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 91282CCH2 2,900,000.00 AA+Aaa 6/6/2024 6/11/2024 2,565,253.91 4.39 98.51 2,569,777.51 2,565,593.75 DTD 06/30/2021 1.250% 06/30/2028 Security Type Sub-Total Negotiable CD 23,525,000.00 22,321,836.94 4.03 128,309.42 22,606,763.89 22,313,070.15 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 17,500.00 4,009.25 21,509.25 450,000.00 450,000.00 900,000.00 451,689.29 450,107.10 901,796.39 NORDEA BANK ABP NEW YORK CERT 65558UYF3 DEPOS DTD 11/03/2022 5.530% 11/03/2025 AA-Aa3 Security Type Sub-Total Municipal CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024 20772KJW0 60,000.00 100,000.00 325,000.00 AA- AA- NR Aa3 Aa1 NR 5/29/2020 6/11/2020 11/6/2019 12/5/2019 12/16/2020 12/23/2020 60,000.00 2.00 100,000.00 2.10 325,000.00 0.87 599.40 875.42 832.54 60,000.00 100,000.00 325,000.00 60,000.00 99,818.00 314,788.50 CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 DTD 12/05/2019 2.101% 08/01/2024 NY ST URBAN DEV CORP TXBL REV BONDS 650036DT0 DTD 12/23/2020 0.870% 03/15/2025 UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025 91412HGE7 341271AD6 85,000.00 85,000.00 AA AA Aa2 Aa3 7/10/2020 7/16/2020 9/3/2020 9/16/2020 85,000.00 0.88 85,563.55 1.12 95.90 85,000.00 85,117.61 81,983.35 81,594.05FL ST BOARD OF ADMIN TXBL REV BONDS 534.65 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 160,000.00 65,000.00 AA AA Aa3 Aa3 9/3/2020 9/16/2020 9/3/2020 9/16/2020 160,000.00 1.26 65,459.55 1.11 1,006.40 408.85 160,000.00 65,095.90 153,588.80 62,395.45FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025 36© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 Municipal SAN JUAN USD, CA TXBL GO BONDS 798306WP7 DTD 10/29/2020 0.852% 08/01/2025 130,000.00 100,000.00 NR Aa2 10/16/2020 10/29/2020 130,000.00 0.85 100,000.00 5.30 461.50 130,000.00 100,000.00 124,069.40 95,267.10MINNESOTA ST-F-UNREF MUNICIPAL 60412AK85 BONDS AAA Aaa 5/7/2024 5/7/2024 262.50 DTD 08/25/2020 0.630% 08/01/2025 CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025 13077DQD7 13063D3N6 85,000.00 200,000.00 AA- AA- Aa2 Aa2 7/9/2021 7/29/2021 3/9/2023 3/15/2023 85,000.00 0.86 200,000.00 4.85 1,396,023.10 1.98 122.12 3,230.67 8,429.95 85,000.00 200,000.00 80,328.40 200,364.00CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,395,000.00 1,395,213.51 1,354,197.05 Joint Powers Authority CAMP Pool 88,805.27 AAAm NR 88,805.27 0.00 88,805.27 88,805.27 Security Type Sub-Total Federal Agency 88,805.27 88,805.27 0.00 88,805.27 88,805.27 FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 3135G06G3 425,000.00 350,000.00 150,000.00 700,000.00 650,000.00 2,275,000.00 AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa 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 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 2,266,361.50 0.49 708.33 459.38 182.81 714.58 487.50 2,552.60 424,553.26 349,622.83 149,893.62 699,481.34 649,368.73 2,272,919.78 404,228.98 331,481.85 141,896.25 661,405.50 612,457.95 2,151,470.53 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 37© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS DTD 07/08/2014 3.850% 07/08/2024 38141EC23 05565EBU8 69371RQ66 025816CQ0 771196BT8 437076CM2 17252MAP5 90327QD89 369550BG2 023135BQ8 63254ABD9 63743HFE7 400,000.00 70,000.00 175,000.00 80,000.00 410,000.00 25,000.00 65,000.00 225,000.00 225,000.00 475,000.00 250,000.00 50,000.00 BBB+ A A2 A2 7/8/2019 7/11/2019 8/9/2021 8/12/2021 10/22/2020 10/29/2020 418,632.00 2.84 69,993.70 0.75 182,894.25 0.73 79,919.20 2.29 410,000.00 2.13 24,956.25 2.76 64,985.70 3.46 224,264.25 3.49 252,247.50 0.80 474,767.25 0.81 250,000.00 3.50 49,986.50 3.46 7,400.56 202.71 1,268.75 585.00 2,695.20 142.50 373.75 1,265.63 1,006.25 295.56 534.72 76.67 400,000.00 69,999.76 176,112.58 79,981.86 410,000.00 24,988.69 64,996.03 224,791.16 229,357.57 474,957.00 250,000.00 49,995.86 399,649.20 69,598.41 171,197.25 78,266.96 400,779.92 24,512.10 63,959.29 221,310.23 221,365.35 455,986.23 245,744.50 49,026.30 BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024 PACCAR FINANCIAL CORP CORPORATE NOTES DTD 02/06/2020 1.800% 02/06/2025 A+ BBB+ AA A A1 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 4/26/2022 5/3/2022 5/23/2022 5/26/2022 10/16/2020 10/20/2020 HOME DEPOT INC (CALLABLE) CORPORATE NOTE DTD 03/28/2022 2.700% 04/15/2025 CINTAS CORPORATION NO. 2 CORP NOTE (CALL DTD 05/03/2022 3.450% 05/01/2025 A-A3 USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025 AA A Aa1 A3GENERAL DYNAMICS CORP (CALLABLE) CORP NO DTD 05/11/2018 3.500% 05/15/2025 AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 AA AA- A- A1 6/3/2020 6/5/2020 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES DTD 06/09/2022 3.500% 06/09/2025 Aa2 A2 5/31/2022 6/9/2022 4/27/2022 5/4/2022NATIONAL RURAL UTIL COOP CORPORATE NOTES DTD 05/04/2022 3.450% 06/15/2025 38© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025 459200KS9 06051GFS3 002824BM1 225,000.00 225,000.00 225,000.00 A- A- A3 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 2,567.19 225,000.00 231,994.87 231,660.71 221,827.28 221,355.00 222,124.50 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 025816CS6 225,000.00 175,000.00 225,000.00 175,000.00 225,000.00 40,000.00 A- A- A1 A1 A2 A2 A2 A2 A1 Aaa A2 12/1/2021 12/6/2021 2/16/2022 2/24/2022 5/17/2021 5/19/2021 8/12/2021 8/16/2021 1/11/2022 1/13/2022 1/19/2022 1/24/2022 1/26/2022 1/28/2022 3/14/2023 3/17/2023 1/13/2023 1/18/2023 225,000.00 1.53 175,000.00 2.60 224,608.50 1.19 174,947.50 1.26 223,863.75 1.81 39,932.00 1.99 473,945.50 2.10 721,942.50 4.36 277,203.00 4.59 239.06 1,602.05 330.63 225,000.00 175,000.00 224,853.24 174,977.76 224,425.32 39,965.27 220,224.60 171,540.78 209,029.73 161,091.35 207,750.60 37,202.80 JPMORGAN CHASE & CO CORP NOTES (CALLABLE DTD 02/24/2022 2.595% 02/24/2026 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR DTD 05/19/2021 1.150% 05/15/2026 A+ ABMW US CAPITAL LLC (CALLABLE) CORPORATE DTD 08/12/2021 1.250% 08/12/2026 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 475,000.00 750,000.00 300,000.00 A 4,192.53 9,968.75 2,486.25 474,457.14 731,255.54 285,225.85 441,090.23 723,738.75 280,176.00 MICROSOFT CORP CORP NOTES (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 AAA BBB+AMERICAN EXPRESS CO CORP NOTES (CALLABLE DTD 03/04/2022 2.550% 03/04/2027 39© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Corporate BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 475,000.00 300,000.00 500,000.00 AA A- Aa2 A2 3/15/2022 3/17/2022 2/17/2023 2/22/2023 1/13/2023 1/18/2023 466,089.00 2.70 284,925.00 4.66 488,325.00 4.50 3,216.81 2,475.00 1,193.19 470,178.09 289,903.07 492,185.11 445,140.08 286,387.50 484,935.50 CHARLES SCHWAB CORP NOTES (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 808513BW4 63254ABE7NATIONAL AUSTRALIA BK/NY CORPORATE NOTES AA-Aa2 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 8,141.93 751,586.71 375,920.66 730,308.08 371,473.88TOYOTA MOTOR CREDIT CORP CORPORATE NOTES DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP CORP NOTES (CAL DTD 02/07/2018 3.400% 02/07/2028 637432NP6 882508BV5 110122DE5 539830BZ1 24422EXB0 17325FBB3 350,000.00 85,000.00 375,000.00 60,000.00 375,000.00 750,000.00 340,000.00 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 10/2/2023 10/4/2023 329,189.00 4.76 87,043.40 4.04 358,263.75 4.93 59,892.00 4.49 377,865.00 4.78 746,280.00 5.92 339,547.80 4.63 4,760.00 1,477.11 5,321.88 341.17 334,877.26 86,551.45 362,677.30 59,915.95 377,325.45 746,767.23 339,579.93 332,067.05 84,300.11 361,091.25 59,111.70 375,077.25 770,231.25 336,717.30 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 DTD 07/14/2023 4.950% 07/14/2028 A1 8,610.94 11,122.42 6,212.56 CITIBANK NA CORP NOTES (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028 A+ A Aa3 A2AIR PRODUCTS & CHEMICALS CORP 009158BH8 NOTES (CAL 2/6/2024 2/8/2024 DTD 02/08/2024 4.600% 02/08/2029 40© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 CISCO SYSTEMS INC CORPORATE NOTES (CALLA DTD 02/26/2024 4.850% 02/26/2029 17275RBR2 09290DAA9 09290DAA9 420,000.00 725,000.00 50,000.00 AA- AA- AA- A1 2/21/2024 2/26/2024 3/6/2024 3/14/2024 3/5/2024 3/14/2024 419,853.00 4.86 725,355.25 4.69 49,909.50 4.74 7,072.92 10,127.85 698.47 419,862.08 725,336.09 49,914.29 419,643.00 721,423.58 49,753.35 BLACKROCK FUNDING INC CORPORATE NOTES (C DTD 03/14/2024 4.700% 03/14/2029 Aa3 Aa3BLACKROCK FUNDING INC CORPORATE NOTES (C DTD 03/14/2024 4.700% 03/14/2029 ADOBE INC CORP NOTES (CALLABLE) 00724PAF6 DTD 04/04/2024 4.800% 04/04/2029 170,000.00 205,000.00 125,000.00 A+ A+ A A1 A1 A2 4/2/2024 4/1/2024 4/4/2024 4/4/2024 169,775.60 4.83 204,694.55 4.83 124,193.75 4.90 1,972.00 2,378.00 98.96 169,785.21 204,707.63 124,196.09 170,187.51 205,226.12 124,053.75 ADOBE INC CORP NOTES (CALLABLE) 00724PAF6 DTD 04/04/2024 4.800% 04/04/2029 HOME DEPOT INC CORPORATE NOTES (CALLABLE 437076DC3 6/17/2024 6/25/2024 6/18/2024 6/25/2024 DTD 06/25/2024 4.750% 06/25/2029 HOME DEPOT INC CORPORATE NOTES (CALLABLE 437076DC3 250,000.00 A A2 248,627.50 4.88 197.92 248,631.48 248,107.50 DTD 06/25/2024 4.750% 06/25/2029 12,420,000.00 12,376,027.70 3.62 129,983.05 12,328,897.29 12,093,783.12Security Type Sub-Total Agency CMBS FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 3137BNGT5 3137BSP72 3137BTUM1 3137BXQY1 243,868.94 275,000.00 550,000.00 374,996.09 550,000.00 AA+ AA+ AA+ AA+ AA+ 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 255,948.07 1.95 263,613.28 4.37 526,839.84 4.02 363,453.25 4.31 518,804.69 4.98 622.27 629.06 244,948.44 268,704.62 535,397.78 367,163.12 526,488.74 240,897.11 265,348.76 523,885.05 361,458.82 526,662.46 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 1,045.93 1,477.67 FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026 FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027 41© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 CITY OF LAKE ELSINORE Portfolio Holdings Security Type/Description Dated Date/Coupon/Maturity S&P Rating Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueCUSIPParRatingDate Agency CMBS FHLMC MULTIFAMILY STRUCTURED P 3137F1G44 DTD 07/01/2017 3.243% 04/01/2027 550,000.00 396,745.88 437,290.60 550,000.00 550,000.00 800,000.00 500,000.00 375,000.00 500,000.00 275,000.00 180,000.00 290,000.00 550,000.00 7,947,901.51 AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa Aaa 6/8/2023 6/13/2023 12/6/2023 12/14/2023 7/19/2023 7/27/2023 7/13/2023 7/20/2023 7/18/2023 7/31/2023 9/7/2023 9/14/2023 527,033.20 4.44 396,742.69 4.86 437,279.71 4.78 555,493.40 4.59 540,675.78 4.58 788,165.60 4.99 489,032.00 5.26 363,043.88 5.60 494,023.50 5.07 274,209.93 4.93 179,479.62 5.14 292,899.71 4.34 549,998.35 4.80 7,816,736.50 4.68 1,486.38 1,606.16 1,740.78 2,208.71 1,920.42 3,100.00 1,975.00 1,515.63 2,000.00 1,113.75 760.35 533,387.13 396,743.07 437,281.80 554,421.29 542,419.21 789,907.58 490,473.11 364,512.38 494,849.51 274,293.53 179,538.14 292,683.00 549,998.37 7,843,210.82 525,933.24 395,827.32 435,542.85 548,362.33 534,912.64 792,911.26 497,049.35 374,269.41 498,198.56 274,542.66 181,077.57 286,422.34 549,219.36 7,812,521.09 FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028 3137HBC69 3137HAD45 3137HACX2 3136BQDE6 3137HAMH6 3137HAQ74 3137HAST4 3137HAMS2 3137HB3G7 3137HB3D4 3137HBLV4 3137HDJJ0 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028 Aaa 10/11/2023 10/19/2023 Aaa 10/25/2023 10/31/2023FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028 FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028 Aaa 9/20/2023 9/28/2023 FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028 Aaa 11/28/2023 12/7/2023 Aaa 11/14/2023 11/21/2023FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028 FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028 Aaa Aaa 2/1/2024 2/8/2024 1,104.90 2,201.38 27,724.35 FHMS K522 A2 6/5/2024 6/13/2024 DTD 06/01/2024 4.803% 05/01/2029 Security Type Sub-Total 42© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 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 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 2,412.88 56,309.69 52,903.10 39,957.53 18,597.95 30,240.83 195,000.00 38,017.70 192,683.47 140,000.00 275,000.00 245,000.00 245,000.00 170,000.00 130,000.00 320,000.00 320,000.00 NR AAA AAA NR NR Aaa NR 4/20/2021 4/28/2021 6/15/2021 6/23/2021 6/8/2021 6/14/2021 2,412.62 0.38 56,308.73 0.33 52,897.40 0.26 39,949.11 0.89 18,593.93 0.52 30,234.08 0.75 194,958.25 0.58 38,016.73 0.68 192,678.92 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 0.41 2,412.81 56,309.40 52,901.32 39,954.38 18,596.59 30,238.02 194,981.45 38,017.26 192,680.79 139,982.02 274,970.93 244,999.92 244,974.45 169,987.70 129,989.93 319,946.65 319,986.05 2,406.80 55,723.56 52,350.47 39,148.41 18,395.20 29,715.66 192,927.54 37,149.17 190,292.60 138,590.16 273,345.88 242,846.70 243,193.13 169,168.62 128,779.51 320,400.93 315,108.06 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 8.26 6.11TAOT 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 9.77 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 AAA AAA AAA AAA AAA AAA AAA AAA AAA NR NR NR 4/13/2021 4/21/2021 11/9/2021 11/17/2021 9/20/2021 9/27/2021 4.30 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 9.95 DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026 Aaa 50.27 10.77 339.98 277.51 552.29 504.16 539.00 381.56 268.67 625.16 612.98 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 Aaa 10/13/2021 10/21/2021 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 NR Aaa NR NR NR Aaa NR NR Aaa 7/12/2022 7/20/2022 9/20/2022 9/28/2022 10/4/2022 10/12/2022 1/24/2023 1/30/2023 10/27/2022 11/3/2022 2/13/2023 2/23/2023 3/28/2023 3/31/2023 8/15/2023 8/22/2023 4/4/2023 4/11/2023 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028 AAA AAA NR HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 43© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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 AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 02582JJZ4 14041NGD7 05522RDG0 254683CZ6 438123AC5 31680EAD3 02582JKD1 161571HT4 05522RDH8 02582JKH2 190,000.00 490,000.00 170,000.00 350,000.00 85,000.00 AAA AAA AAA AAA NR NR NR 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 9/12/2023 9/19/2023 9/7/2023 9/15/2023 12/7/2023 12/14/2023 4/16/2024 4/23/2024 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 5.53 409,981.67 5.23 404,887.73 5.17 179,975.83 4.98 494,898.53 5.23 5,595,314.06 4.59 411.24 189,986.74 489,912.61 169,969.68 349,962.34 84,986.90 189,215.28 483,263.58 168,965.47 348,509.74 85,678.61 COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 962.58 361.91BACCT 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 766.89 HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028 133.88 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 350,000.00 410,000.00 405,000.00 180,000.00 495,000.00 5,596,123.15 AAA AAA AAA NR 860.22 349,982.03 409,984.24 404,903.69 179,978.24 494,901.92 5,595,498.06 350,731.12 411,510.97 405,319.46 179,721.70 498,775.91 5,571,234.24 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 953.02 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 NR 928.80 BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028 Aaa NR 398.40 AMXCA 2024-1 A DTD 04/23/2024 5.230% 04/16/2029 AAA 1,150.60 11,128.69Security Type Sub-Total Managed Account Sub Total Securities Sub Total Accrued Interest 54,059,024.66 $54,147,829.93 52,672,299.80 3.92 329,637.31 52,942,503.35 $53,031,308.62 52,198,072.57 $52,286,877.84 $329,637.31 $52,761,105.07 3.92%$329,637.31 Total Investments $52,616,515.15 44© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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. 45© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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. 46© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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. 47© PFM Asset Management LLC | pfmam.com For the Quarter Ended June 30, 2024 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. 48© PFM Asset Management LLC | pfmam.com