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Item No. 29 - SA Investment Report for October 2024._20241206003025494
29)SA Investment Report for October 2024. Receive and file the Investment Report for October 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:December 10, 2024 Subject:SA Investment Report for October 2024. Recommendation Receive and file the Investment Report for October 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 September 30, 2024, is included. Fiscal Impact No fiscal impact. Attachments Attachment 1 - Investment Report for October 2024 Administrative Services 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 OCTOBER 31, 2024 BANK DEPOSITS IN TRANSIT OUTSTANDING PAYMENTS BOOK CASH ACCOUNTS Bank Accounts: BALANCE BALANCE General Checking Account $3,901,102 $24,795 $(102,075)$3,823,822 Cash On Hand: Cashier Drawers #1 & #2 City of Lake Elsinore Petty Cash Fund - - - - - - 300 2,000 Total Cash Accounts 3,901,102 24,795 (102,075)3,826,122 INVESTMENTS Local Agency Investment Funds 62,648,272 --62,648,272 CAMP Investments: CAMP Pool Account 214,679 22,408,239 1,236,023 8,680,005 2,266,362 12,286,922 900,000 - - - - - - - - - - - - - - - - - - 214,679 22,408,239 1,236,023 8,680,005 2,266,362 12,286,922 900,000 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 525,525 5,150,036 525,525 5,150,036 Sub-total Investments 116,316,063 --116,316,063 Market Value Adjustment: Unrealized Gain/(Loss) at 4/30/2024 (821,059)--(821,059) Total Investments 115,495,005 119,396,106 --115,495,005 119,321,127Total Pooled Cash and Investments $$24,795 $(102,075)$ $TOTAL POOLED CASH AND INVESTMENTS 119,321,127 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 November 26, 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 OCTOBER 31, 2024 FUND NO FUND NAME AMOUNT 100 102 106 107 108 109 110 111 112 114 115 116 117 118 119 121 135 140 160 202 203 205 211 231 232 300 305 310 315 320 331 335 337 338 339 345 346 351 361 363 General $11,243,170 13,093,622 1,502,918 534,629 4,940,986 2,452,579 850,983 122,743 770,916 71,938 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 SB1186 CASP Education Program Traffic Safety 5,317 City Hall-Public Works DIF Community Center DIF 477,436 508,786 715,349 55,964 Lake Side Facility DIF Animal Shelter DIF T.R.I.P.-2014A 520 Lighting & Landscape Maintenance - Dist. No. 1 Geothermal 1,626,315 12,292 PEG Grant 4,344 La Strada RBBD 25,070 E.L.S.P. - S.T.I.F.3,535,230 640,034 2,327,244 1,099,770 1,106,713 369,351 2,592,372 35,629 Traffic Impact Fee Storm Drain C.I.P. Library C.I.P. City Fire Protection Insurance Service Information Systems Service Support Service Fleet Service 810,432 2,391,564 1,741 Facilities Service CFD 2006-1CC Summerly Improvement Area CC CFD 2003-2E Canyon Hills Improvement Area E CFD 2016-2 Canyon Hills CFD 2006-1 IA-JJ Summerly Improvement Area CFD 2006-1 IA-KK Summerly Improvement Area CFD 2003-2 Improvement Area D, Canyon Hills CFD 2014-1 Southshore CFD 2006-1 IA-II Summerly Improvement CFD 2022-2 Lakeshore Improvement CFD 2022-3 Lakeside 1,089 26,857 7,842 7,117 10,153 60,826 12,351 4,745 2,696,654 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 OCTOBER 31, 2024 FUND NO FUND NAME AMOUNT 4,970364 377 397 500 603 604 605 606 608 617 620 631 CFD 2023-2 Coastal Mission Trail Improvement CFD 2006-6 Tessara 5,807 9,886CFD 2018-3 Village at Lakeshore Capital Improvement Plan 11,542,483 64,690Endowment Trust - Carl Graves Endowment Trust - Korn Memorial Public Improvement Trust 35,321 2,543,363 147,862Mobile Source Air Polution Reduction Trust Deposit & Pre Paid Expense Successor Agency Housing 1,674,913 41,517,012 4,598,168 423,063 Cost Recovery System Lake Destratification Equipment Replacement Total Pooled Cash & Investments $119,321,127 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 OCTOBER 31, 2024 MAXIMUM PERCENTAGE DIVERSIFICATION CURRENT BALANCETYPES OF SECURITIES PERCENTAGE 0.18% 19.26% 0.00% 1.06% 7.46% 1.95% 0.00% 11.02% 0.00% 0.77% 4.43% 0 CAMP - Pooled Sweep Account U.S. Treasury Bond / Note Unlimited Unlimited 30% $ $ 214,679 22,408,239 Supra-National Agency Bond / Note Municipal Bond / Note $- 1,236,023 8,680,005 2,266,362 - Unlimited 40% $ $ $ $ $ Federal Agency Collaterized Mortgage Obligation Federal Agency Bond / Note (1)Unlimited 40.00% 30% Banker's Acceptance Corporate Note (Includes Bank Note) Commercial Paper 12,812,447 -25%$ Negotiable Certificates of Deposit Asset-Backed Security / Collaterized Mortgage Repurchase Agreements 30%$ $ $ $ $ 900,000 5,150,036 - 20% Unlimited 10.00% $150 Million Reverse Repurchase Agreements LAIF (Local Agency Investment Funds) 0.00% 53.86% - (2)62,648,272 TOTAL 100.00%$116,316,063 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 11/20/24 PMIA Average Monthly Effective Yields(1) Quarterly Performance Quarter Ended 09/30/24 (2)4.71LAIF Apportionment Rate :October September August July 4.518 4.575 4.579 4.516 4.480 4.332 (2)0.00012912073474208 0.26 1.002061084 4.58 4.56 LAIF Earnings Ratio : (1)*LAIF Administrative Cost : (1)LAIF Fair Value Factor : (1)PMIA Daily :June May(1)PMIA Quarter to Date : (1)231PMIA Average Life : Pooled Money Investment Account Monthly Portfolio Composition (1) 10/31/24 $155.9 billion Corporate Bonds 0.59% Commercial Paper Time Deposits 3.38% 7.06%Loans 0.12% Certificates of Deposit/Bank Notes 9.40% Treasuries 53.92% Agencies 25.53% Chart does not include $1,290,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding. Daily rates are now available here. View PMIA Daily Rates Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year. Source: (1) State of California, Office of the Treasurer (2) State of California, 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 OCTOBER 31, 2024 Yield Purchase Date Daily Maturity Rate 24-Hour4.518% Investment Beginning Balance Net Increase/(Decrease)Ending Balance 62,648,272 Total Investments Held with Local Agency Investment Fund:$64,203,505 $(1,555,234)$ 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 October 31, 2024 CAMP Pool Asset Summary Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 470,550.48 1,963,668.10 (2,219,539.40) 0.00 October 31, 2024 September 30, 2024 CAMP Pool 214,679.18 470,550.48 CAMP Managed Account 53,551,695.11 53,657,307.94 0.00 Total $53,766,374.29 $54,127,858.42Closing Market Value Cash Dividends and Income CAMP Managed Account $214,679.18 Asset Allocation763.98 CAMP Pool 0.40%Opening Market Value Purchases Redemptions Unsettled Trades Change in Value 53,657,307.94 2,211,468.75 (1,840,141.56) 199,054.69 (675,994.71) Closing Market Value $53,551,695.11 Cash Dividends and Income 165,671.06 CAMP Managed Account 99.60% PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 1 Managed Account Summary Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Transaction Summary - Money Market Opening Market Value Transaction Summary - Managed Account Account Total $470,550.48 Opening Market Value $53,657,307.94 Opening Market Value $54,127,858.42 Purchases Redemptions 1,963,668.10 (2,219,539.40) Maturities/Calls (97,375.93) (1,742,765.63) 2,211,468.75 199,054.69 Principal Dispositions Principal Acquisitions Unsettled Trades Change in Current Value (675,994.71)__________________________________________________________________________________________________________________________________________________ Closing Market Value $214,679.18 Closing Market Value $53,551,695.11 Closing Market Value $53,766,374.29 Dividend 763.98 Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Dividends/Coupons Received Less Purchased Interest Related to Interest/Coupons Plus Net Realized Gains/Losses 122,762.55 (8,070.65) 50,979.16 Closing Cash Balance $0.00 Total Cash Basis Earnings $165,671.06 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 53,701,405.72 335,189.06 2,749,682.40 97,375.93 108,577.77 (3,417,285.32) (53,105,484.65) (298,366.83) 0.00 53,916,084.90 335,189.06 4,969,221.80 97,375.93 Maturities/Calls Sale Proceeds Coupon/Interest/Dividend Income Principal Payments Security Purchases 0.00 1,756,950.41 108,577.77 97,375.93 (2,219,539.40) 256,635.29 0.00 108,577.77 (5,380,953.42) Net Cash Contribution (53,576,035.13) Reconciling Transactions (298,366.83) 763.98 Total Accrual Basis Earnings $171,094.08 $171,858.06 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 2 Portfolio Summary and Statistics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Account Summary Sector Allocation Description Par Value Market Value Percent ABS 9.63% Bank Note 0.98% Cert of Deposit 1.70% 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 23,700,000.00 1,235,000.00 8,805,588.67 22,567,520.66 1,213,872.91 8,754,522.35 41.97 2.26 16.28 US TSY Bond / Note 41.97% 2,275,000.00 12,350,000.00 900,000.00 525,000.00 5,150,776.42 54,941,365.09 2,198,574.15 12,197,838.12 911,621.70 527,926.88 5,179,818.34 53,551,695.11 99.60% 335,189.06 53,886,884.17 214,679.18 54,101,563.35 100.00% 4.09 22.69 1.70 0.98 9.63 Corporate Note 21.21% Fed Agy Bond / Note 4.09% Federal Agency Commercial Mortgage-Backed Security Priv Placement Bond 1.48% Muni Bond / Note 2.26%Total Portfolio CAMP Pool Total Investments 54,941,365.09 214,679.18 55,156,044.27 0.40 Joint Powers Authority 0.40% 16.28% Unsettled Trades 1,200,000.00 1,180,734.00 Maturity Distribution Characteristics 47.07%Yield to Maturity at Cost 3.98% 4.37% 1068 Yield to Maturity at Market Weighted Average Days to Maturity 24.62% 11.79% 8.64% 5.24% 2.64% 0 - 6 Months 0.00% Over 5 Years6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 3 Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Issuer Summary Credit Quality (S&P Ratings) Market Value of Holdings 223,938.23 379,758.75 340,824.50 464,700.58 1,475,045.66 745,971.60 352,304.57 448,075.36 451,151.68 165,029.55 454,667.63 780,221.18 368,094.75 82,060.87 214,679.18 734,950.51 151,681.90 212,401.58 290,970.60 64,534.34 425,208.00 779,149.50 380,127.38 670,630.58 145,117.65 9,326,113.92 1,481,864.93 353,867.15 130,072.15 223,734.15 263,502.17 170,283.73 Issuer Abbott Laboratories Adobe Inc Air Products and Chemicals Inc Amazon.com Inc Percent 0.42 0.71 0.63 0.86 2.73 1.39 0.66 0.83 0.84 0.31 0.85 1.45 0.68 0.15 0.40 1.37 0.28 0.40 0.54 0.12 0.79 1.45 0.71 1.25 0.27 17.34 2.75 0.66 0.24 0.42 0.49 0.32 A NR 2.28% BBB+ 0.68% AAAm 0.40% AAA 9.73% AA- 4.80% A+ 4.72% A- 4.64% AA 3.60% American Express Co Apple Inc BA Credit Card Trust Bank of America Corp Bank of New York Mellon Corp Bayerische Motoren Werke AG Berkshire Hathaway Inc BlackRock Inc Bristol-Myers Squibb Co California State University CAMP Pool Capital One Financial Corp CarMax Inc Caterpillar Inc Charles Schwab Corp Cintas Corp Cisco Systems Inc 5.41% AA+ 63.74% Citigroup Inc Deere & Co Discover Card Execution Note Trust Federal Home Loan Banks Federal Home Loan Mortgage Corp Federal National Mortgage Association Fifth Third Auto Trust Ford Credit Auto Owner Trust General Dynamics Corp GM Financial Consumer Automobile Receiv Harley-Davidson Inc PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 4 Managed Account Issuer Summary CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Market Value of Holdings 402,472.35 432,533.98 393,335.60 15,204.00 Issuer Home Depot Inc Percent 0.75 0.80 0.73 0.03 0.42 1.09 0.11 1.37 0.98 1.38 0.72 0.60 0.24 0.85 0.32 0.76 0.23 0.56 0.38 0.18 0.07 0.16 0.85 0.47 0.70 0.42 41.96 0.40 0.16 Honda Auto Receivables Owner Trust Honda Motor Co Ltd Hyundai Auto Receivables Trust International Business Machines Corp JPMorgan Chase & Co Lockheed Martin Corp Microsoft Corp Morgan Stanley National Australia Bank Ltd National Rural Utilities Cooperative Fi New York State Urban Development Corp Nissan Auto Receivables Owner Trust Nordea Bank Abp PACCAR Inc Roche Holding AG San Juan Unified School District State Board of Administration Finance C State of California State of Minnesota Target Corp Texas Instruments Inc Toronto-Dominion Bank Toyota Auto Receivables Owner Trust Toyota Motor Corp United Services Automobile Association United States Treasury 223,781.63 583,433.23 59,930.70 734,766.00 527,926.88 741,634.00 386,882.50 320,404.18 131,488.84 455,579.10 173,604.20 406,245.63 126,337.51 302,489.62 201,941.80 97,251.80 37,997.16 85,522.50 456,042.60 254,153.78 376,078.50 223,744.05 22,567,520.66 213,950.03 83,387.13 UnitedHealth Group Inc University of California Board of Regen Total $53,766,374.29 100.00% PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 5 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 N/B 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+ 3,775,000.00 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 0.71 3,545,550.78 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 42.12 34,877.72 91.16 49,849.08 3,652,889.69 1,173,777.58 366,798.29 383,340.89 576,816.10 799,738.03 1,171,452.06 1,187,732.79 394,577.80 602,053.23 1,337,713.98 2,391,277.90 200,647.68 48,656.25 3,618,250.68 1,160,766.00 361,538.25 385,640.80 578,461.20 795,384.15 1,165,866.73 1,190,672.40 398,109.20 597,163.80 1,343,618.55 2,438,418.85 202,895.55 US TREASURY N/B DTD 11/15/2016 2.000% 11/15/2026 US TREASURY N/B DTD 05/02/2022 2.750% 04/30/2027 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 2,606.15 2,779.89 4,169.84 5,733.53 19,157.96 19,565.57 2,740.33 4,110.50 9,248.62 16,784.53 947.69 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027 US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 6 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 N/B DTD 06/30/2021 1.250% 06/30/2028 91282CCH2 91282CCH2 91282CCH2 91282CCH2 91282CJR3 1,275,000.00 AA+ 1,300,000.00 AA+ 2,400,000.00 AA+ 2,900,000.00 AA+ 1,200,000.00 AA+ Aaa Aaa Aaa Aaa Aaa 09/04/24 08/01/24 10/01/24 06/06/24 09/06/24 08/05/24 10/07/24 06/11/24 1,169,364.26 3.59 1,173,960.94 3.96 2,211,468.75 3.51 2,565,253.91 4.39 1,182,093.75 4.14 5,370.24 5,475.54 1,173,308.41 1,181,155.83 2,214,683.11 2,594,965.18 1,182,093.75 1,149,741.45 1,172,285.40 2,164,219.20 2,615,098.20 1,180,734.00 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 10,108.70 12,214.67 15,163.04 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 US TREASURY N/B 10/31/24 11/05/24 DTD 01/02/2024 3.750% 12/31/2028 Security Type Sub-Total Municipal Bond / Note 23,700,000.00 22,408,239.28 4.05 171,187.80 22,634,871.38 22,567,520.66 NY ST URBAN DEV-F-1 DTD 12/23/2020 0.870% 03/15/2025 650036DT0 91412HGE7 341271AD6 341271AD6 341271AD6 60412AK85 798306WP7 13077DQD7 325,000.00 NR 85,000.00 AA 65,000.00 AA 85,000.00 AA 160,000.00 AA 100,000.00 AAA 130,000.00 NR 85,000.00 AA- NR 12/16/20 07/10/20 09/03/20 09/03/20 09/03/20 05/07/24 10/16/20 07/09/21 12/23/20 07/16/20 09/16/20 09/16/20 09/16/20 05/07/24 10/29/20 07/29/21 325,000.00 0.87 85,000.00 0.88 65,459.55 1.11 85,563.55 1.12 160,000.00 1.26 100,000.00 0.63 130,000.00 0.85 85,000.00 0.86 361.29 346.09 272.57 356.43 670.93 157.50 276.90 366.35 325,000.00 85,000.00 65,063.94 85,078.41 160,000.00 100,000.00 130,000.00 85,000.00 320,404.18 83,387.13 63,425.24 82,940.70 156,123.68 97,251.80 126,337.51 82,060.87 UNIV OF CALIFORNIA-BG (CALLABLE) DTD 07/16/2020 0.883% 05/15/2025 Aa2 Aa3 Aa3 Aa3 Aaa Aa2 Aa2 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 MINNESOTA ST-F-UNREF DTD 08/25/2020 0.630% 08/01/2025 SAN JUAN CA UNIF SCH DTD 10/29/2020 0.852% 08/01/2025 CALIFORNIA ST UNIV-B DTD 07/29/2021 0.862% 11/01/2025 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 7 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Municipal Bond / Note CA ST 13063D3N6 200,000.00 AA-Aa2 03/09/23 03/15/23 200,000.00 4.85 1,615.33 200,000.00 201,941.80 DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,235,000.00 1,236,023.10 1.59 4,423.39 1,235,142.35 1,213,872.91 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 198,305.73 AA+ 275,000.00 AA+ 550,000.00 AA+ 372,015.71 AA+ 550,000.00 AA+ 550,000.00 AA+ 393,605.51 AA+ 436,108.41 AA+ 550,000.00 AA+ 525,553.31 AA+ 500,000.00 AA+ 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 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 10/19/23 208,128.06 1.91 263,613.28 4.32 526,839.84 3.98 360,564.61 4.29 518,804.69 4.94 527,033.20 4.42 393,602.36 4.86 436,097.54 4.78 555,493.40 4.59 516,643.54 4.58 489,032.00 5.25 506.01 629.06 198,615.91 269,949.35 537,512.99 365,259.47 529,219.16 535,249.77 393,604.22 436,100.33 554,066.66 518,878.43 491,134.08 197,438.14 269,213.73 532,242.15 363,107.42 534,495.50 533,569.85 395,683.36 436,773.91 553,425.40 517,311.58 502,499.50 FHMS K054 A2 DTD 04/01/2016 2.745% 01/01/2026 FHMS K058 A2 DTD 11/01/2016 2.653% 08/01/2026 1,215.96 1,037.61 1,477.67 1,486.38 1,593.45 1,736.07 2,208.71 1,831.19 1,975.00 FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026 FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027 FHMS K065 A2 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 4.181% 07/01/2028 FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 8 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 K506 A2 DTD 09/01/2023 4.650% 08/01/2028 3137HAMH6 3137HAST4 3137HAMS2 3137HB3D4 3137HB3G7 3137HBLV4 3137HDV56 3137HDJJ0 3137HDXL9 800,000.00 AA+ 375,000.00 AA+ 500,000.00 AA+ 180,000.00 AA+ 275,000.00 AA+ 290,000.00 AA+ 440,000.00 AA+ 550,000.00 AA+ 495,000.00 AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 09/07/23 10/25/23 09/20/23 11/14/23 11/28/23 02/01/24 07/16/24 06/05/24 08/07/24 09/14/23 10/31/23 09/28/23 11/21/23 12/07/23 02/08/24 07/25/24 06/13/24 08/15/24 788,165.60 4.99 363,043.88 5.60 494,023.50 5.07 179,479.62 5.14 274,209.93 4.93 292,899.71 4.34 442,702.04 4.58 549,998.35 4.80 499,630.23 4.33 3,100.00 1,515.63 2,000.00 760.35 790,610.81 365,070.95 495,128.88 179,569.31 274,341.28 292,505.93 442,609.74 550,000.00 499,453.27 800,751.20 377,703.38 502,698.00 182,682.18 277,220.90 289,516.86 441,675.96 553,381.95 493,131.38 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 1,113.75 1,104.90 1,730.67 2,201.38 1,873.99 FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028 FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029 FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029 FHMS K526 A2 DTD 08/01/2024 4.543% 07/01/2029 Security Type Sub-Total 8,805,588.67 8,680,005.38 4.66 31,097.78 8,718,880.54 8,754,522.35 Federal Agency Bond / Note FREDDIE MAC DTD 07/23/2020 0.375% 07/21/2025 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 425,000.00 AA+ 350,000.00 AA+ 150,000.00 AA+ 700,000.00 AA+ Aaa Aaa Aaa Aaa 07/21/20 08/25/20 09/10/20 09/23/20 07/23/20 08/27/20 09/11/20 09/25/20 422,883.50 0.48 348,362.00 0.47 149,550.00 0.44 697,893.00 0.44 442.71 240.63 89.06 424,693.94 349,732.16 149,923.95 699,622.66 413,080.45 338,863.35 145,117.65 675,822.70 FANNIE MAE DTD 08/27/2020 0.375% 08/25/2025 FEDERAL HOME LOAN BANK DTD 09/11/2020 0.375% 09/04/2025 FREDDIE MAC 277.08 DTD 09/25/2020 0.375% 09/23/2025 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 9 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Federal Agency Bond / Note FANNIE MAE 3135G06G3 650,000.00 AA+Aaa 11/09/20 11/12/20 647,673.00 0.57 1,570.83 649,525.53 625,690.00 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 2,620.31 2,273,498.24 2,198,574.15 PACCAR FINANCIAL CORP DTD 02/06/2020 1.800% 02/06/2025 69371RQ66 025816CQ0 771196BT8 437076CM2 17252MAP5 90327QD89 369550BG2 023135BQ8 63254ABD9 63743HFE7 459200KS9 175,000.00 A+ 80,000.00 BBB+ 410,000.00 AA A1 A2 10/22/20 03/01/22 03/03/22 03/24/22 04/26/22 05/23/22 10/16/20 06/03/20 05/31/22 04/27/22 07/20/22 10/29/20 03/04/22 03/10/22 03/28/22 05/03/22 05/26/22 10/20/20 06/05/20 06/09/22 05/04/22 07/27/22 182,894.25 0.72 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 3.92 225,000.00 4.00 743.75 285.00 175,487.93 79,990.80 410,000.00 24,993.46 64,997.61 224,874.47 227,303.57 474,972.56 250,000.00 49,997.30 225,000.00 173,604.20 79,293.28 406,245.63 24,788.85 64,534.34 223,744.05 223,734.15 464,700.58 248,288.00 49,608.50 223,781.63 AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.250% 03/04/2025 ROCHE HOLDINGS INC (CALLABLE) DTD 03/10/2022 2.132% 03/10/2025 Aa2 A2 1,238.34 30.00HOME DEPOT INC (CALLABLE) DTD 03/28/2022 2.700% 04/15/2025 25,000.00 A CINTAS CORPORATION NO. 2 (CALLABLE) DTD 05/03/2022 3.450% 05/01/2025 65,000.00 A- 225,000.00 AA A3 1,121.25 3,796.88 3,631.25 1,562.22 3,451.39 651.67 USAA CAPITAL CORP DTD 05/26/2022 3.375% 05/01/2025 Aa1 A2GENERAL DYNAMICS CORP (CALLABLE) DTD 05/11/2018 3.500% 05/15/2025 225,000.00 A AMAZON.COM INC (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 475,000.00 AA 250,000.00 AA- 50,000.00 A- 225,000.00 A- A1 NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.500% 06/09/2025 Aa2 A2NATIONAL RURAL UTIL COOP DTD 05/04/2022 3.450% 06/15/2025 IBM CORP A3 2,350.00 DTD 07/27/2022 4.000% 07/27/2025 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 10 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 DTD 07/30/2015 3.875% 08/01/2025 06051GFS3 002824BM1 06051GKE8 46647PCV6 91324PEC2 05565EBW4 14913R2U0 87612EBM7 06406RBA4 594918BY9 025816CS6 084664CZ2 808513BW4 63254ABE7 225,000.00 A- 225,000.00 AA- 225,000.00 A- 175,000.00 A- 225,000.00 A+ A1 Aa3 A1 08/18/20 09/24/20 12/01/21 02/16/22 05/17/21 08/12/21 01/11/22 01/19/22 01/26/22 03/14/23 01/13/23 03/15/22 02/17/23 01/13/23 08/20/20 09/28/20 12/06/21 02/24/22 05/19/21 08/16/21 01/13/22 01/24/22 01/28/22 03/17/23 01/18/23 03/17/22 02/22/23 01/18/23 256,918.50 0.93 257,845.50 0.86 225,000.00 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 4.59 466,089.00 2.70 284,925.00 4.66 488,325.00 4.50 2,179.69 1,114.06 1,386.56 845.18 229,838.85 229,335.53 225,000.00 175,000.00 224,879.24 174,981.26 224,501.82 39,969.85 223,917.08 223,938.23 224,158.28 173,622.23 213,950.03 165,029.55 212,401.58 37,997.16 ABBOTT LABORATORIES (CALLABLE) DTD 03/22/2017 3.875% 09/15/2025 BANK OF AMERICA CORP (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 JPMORGAN CHASE & CO (CALLABLE) DTD 02/24/2022 2.595% 02/24/2026 A1 UNITEDHEALTH GROUP INC (CALLABLE) DTD 05/19/2021 1.150% 05/15/2026 A2 1,193.13 480.03BMW US CAPITAL LLC (CALLABLE) DTD 08/12/2021 1.250% 08/12/2026 175,000.00 225,000.00 40,000.00 475,000.00 A A A A A2 CATERPILLAR FINL SERVICE DTD 01/10/2022 1.700% 01/08/2027 A2 1,200.63 229.67TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 A2 BANK OF NY MELLON CORP (CALLABLE) DTD 01/26/2022 2.050% 01/26/2027 A1 2,569.62 5,843.75 1,211.25 1,395.97 825.00 474,527.88 733,654.85 287,067.38 470,767.52 291,132.35 493,073.28 451,151.68 734,766.00 286,418.40 454,667.63 290,970.60 493,346.00 MICROSOFT CORP (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 750,000.00 AAA 300,000.00 BBB+ 475,000.00 AA 300,000.00 A- 500,000.00 AA- Aaa A2AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.550% 03/04/2027 BERKSHIRE HATHAWAY FIN (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 Aa2 A2CHARLES SCHWAB CORP (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 NATIONAL AUSTRALIA BK/NY Aa2 7,701.53 DTD 06/09/2022 3.905% 06/09/2027 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 11 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 APPLE INC (CALLABLE) DTD 09/12/2017 2.900% 09/12/2027 037833DB3 89236TKQ7 637432NP6 882508BV5 110122DE5 539830BZ1 24422EXB0 17325FBB3 009158BH8 17275RBR2 09290DAA9 09290DAA9 00724PAF6 00724PAF6 775,000.00 AA+ 375,000.00 A+ 350,000.00 A- 85,000.00 A+ Aaa A1 01/19/23 02/08/23 02/17/23 05/11/23 03/09/23 05/23/23 07/21/23 10/02/23 02/06/24 02/21/24 03/05/24 03/06/24 04/02/24 04/01/24 01/23/23 02/10/23 02/22/23 05/18/23 03/13/23 05/25/23 07/25/23 10/04/23 02/08/24 02/26/24 03/14/24 03/14/24 04/04/24 04/04/24 741,062.75 3.94 376,282.50 4.55 329,189.00 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 4.63 419,853.00 4.86 49,909.50 4.74 725,355.25 4.69 169,775.60 4.83 204,694.55 4.83 3,059.10 5,251.30 2,776.67 825.44 754,035.77 375,833.05 336,289.22 86,406.13 363,801.69 59,923.13 377,134.74 746,994.72 339,607.75 419,872.15 49,919.96 725,317.40 169,799.01 204,726.15 745,971.60 376,078.50 337,274.00 85,522.50 368,094.75 59,930.70 380,127.38 779,149.50 340,824.50 425,208.00 50,336.85 729,884.33 172,157.30 207,601.45 TOYOTA MOTOR CREDIT CORP DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP (CALLABLE) DTD 02/07/2018 3.400% 02/07/2028 A1 TEXAS INSTRUMENTS INC (CALLABLE) DTD 11/18/2022 4.600% 02/15/2028 Aa3 A2BRISTOL-MYERS SQUIBB CO (CALLABLE) DTD 07/15/2020 3.900% 02/20/2028 375,000.00 A 2,884.38 1,231.17 5,517.19 3,868.67 3,605.89 3,677.92 306.81 LOCKHEED MARTIN CORP (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028 60,000.00 A-A2 JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028 375,000.00 A A1 CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028 750,000.00 A+Aa3 A2AIR PRODUCTS & CHEMICALS (CALLABLE) DTD 02/08/2024 4.600% 02/08/2029 340,000.00 A CISCO SYSTEMS INC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029 420,000.00 AA- 50,000.00 AA- 725,000.00 AA- 170,000.00 A+ 205,000.00 A+ A1 BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029 Aa3 Aa3 A1 BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029 4,448.68 612.00ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 ADOBE INC (CALLABLE)A1 738.00 DTD 04/04/2024 4.800% 04/04/2029 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 12 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029 437076DC3 437076DC3 02665WFQ9 125,000.00 250,000.00 A A A2 A2 A3 06/17/24 06/18/24 09/03/24 06/25/24 06/25/24 09/05/24 124,193.75 4.90 248,627.50 4.88 399,520.00 4.43 2,078.13 4,156.25 2,737.78 124,244.25 248,714.03 399,533.81 125,894.50 251,789.00 393,335.60 HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029 AMERICAN HONDA FINANCE 400,000.00 A- DTD 09/05/2024 4.400% 09/05/2029 Security Type Sub-Total Certificate of Deposit 12,350,000.00 12,286,922.00 3.69 94,813.20 12,263,500.47 12,197,838.12 TORONTO DOMINION BANK NY DTD 10/31/2022 5.600% 10/27/2025 89115B6K1 65558UYF3 450,000.00 A- 450,000.00 AA- A2 10/27/22 11/02/22 10/31/22 11/03/22 450,000.00 5.60 450,000.00 5.53 490.00 450,000.00 450,000.00 456,042.60 455,579.10NORDEA BANK ABP NEW YORK Aa3 12,304.25 DTD 11/03/2022 5.530% 11/03/2025 Security Type Sub-Total Bank Note 900,000.00 900,000.00 5.57 12,794.25 900,000.00 911,621.70 MORGAN STANLEY BANK NA (CALLABLE) DTD 07/19/2024 4.968% 07/14/2028 61690U8E3 525,000.00 A+Aa3 07/18/24 07/19/24 525,525.00 4.94 7,389.90 525,479.16 527,926.88 Security Type Sub-Total Asset-Backed Security 525,000.00 525,525.00 4.94 7,389.90 525,479.16 527,926.88 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 65480BAC1 89190GAC1 43815GAC3 14314QAC8 11,508.46 AAA 9,174.08 AAA 23,262.97 NR 3,544.82 AAA Aaa NR 06/15/21 06/08/21 11/16/21 04/13/21 06/23/21 06/14/21 11/24/21 04/21/21 11,508.27 0.33 9,173.10 0.26 23,258.07 0.89 3,544.05 0.52 1.69 1.06 5.69 0.82 11,508.42 9,173.85 23,261.53 3,544.61 11,484.71 9,155.74 23,001.89 3,538.13 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 Aaa NRCARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 13 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Security Type/Description S&P Moody's Trade Settle Date Original Cost YTM at Cost Accrued Interest Amortized Cost Market ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Asset-Backed Security HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 44935FAD6 362554AC1 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 05522RDG0 02582JJZ4 14041NGD7 15,320.89 AAA 24,255.55 AAA 148,926.53 AAA 120,249.56 AAA 239,533.55 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 NR Aaa NR Aaa NR NR NR Aaa NR NR Aaa NR NR NR 11/09/21 10/13/21 07/12/22 09/20/22 10/04/22 01/24/23 10/27/22 02/13/23 03/28/23 08/15/23 04/04/23 06/08/23 06/07/23 05/17/23 11/17/21 10/21/21 07/20/22 09/28/22 10/12/22 01/30/23 11/03/22 02/23/23 03/31/23 08/22/23 04/11/23 06/16/23 06/14/23 05/24/23 15,317.47 0.75 24,254.93 0.68 148,923.01 3.97 120,224.67 4.46 239,494.30 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 4.45 5.04 6.87 15,319.72 24,255.32 15,204.00 23,933.88GMCAR 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 262.77 238.36 481.06 504.16 539.00 381.56 268.67 625.16 612.98 361.91 411.24 962.58 148,924.70 120,235.90 239,510.93 244,999.93 244,977.05 169,988.89 129,990.85 319,951.54 319,987.30 169,972.28 189,987.88 489,920.07 148,143.77 120,004.13 239,568.29 244,998.04 245,799.68 170,283.73 130,072.15 323,072.64 318,780.48 170,605.37 190,942.59 489,150.83 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 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 14 Managed Account Detail of Securities Held CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 254683CZ6 438123AC5 31680EAD3 161571HT4 02582JKD1 05522RDH8 02582JKH2 350,000.00 AAA 85,000.00 NR 350,000.00 AAA 405,000.00 AAA 410,000.00 AAA 180,000.00 NR 495,000.00 AAA Aaa Aaa Aaa NR 06/21/23 11/01/23 08/15/23 09/07/23 09/12/23 12/07/23 04/16/24 06/28/23 11/08/23 08/23/23 09/15/23 09/19/23 12/14/23 04/23/24 349,952.72 4.93 84,985.03 5.67 349,978.30 5.53 404,887.73 5.17 409,981.67 5.24 179,975.83 4.98 494,898.53 5.23 766.89 133.88 860.22 928.80 953.02 398.40 1,150.60 349,965.50 84,988.01 351,850.10 86,459.45HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 349,983.48 404,910.63 409,796.38 179,980.28 494,898.53 353,867.15 409,811.00 415,170.92 181,699.20 503,220.47 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 NR BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028 Aaa NRAMXCA 2024-1 A DTD 04/23/2024 5.230% 04/16/2029 Security Type Sub-Total 5,150,776.42 54,941,365.09 5,150,036.20 4.87 3.98 10,862.43 5,150,033.58 53,701,405.72 5,179,818.34 53,551,695.11Managed Account Sub-Total Joint Powers Authority CAMP Pool 53,453,112.46 335,189.06 214,679.18 AAAm NR 214,679.18 0.00 214,679.18 214,679.18 Liquid Sub-Total 214,679.18 214,679.18 0.00 214,679.18 214,679.18 Securities Sub-Total Accrued Interest $55,156,044.27 $53,667,791.64 3.98%$335,189.06 $53,916,084.90 $53,766,374.29 $335,189.06 Total Investments $54,101,563.35 Bolded items are forward settling trades. PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 15 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 N/B DTD 06/30/2020 0.250% 06/30/2025 US TREASURY N/B DTD 11/15/2016 2.000% 11/15/2026 US TREASURY N/B DTD 05/02/2022 2.750% 04/30/2027 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027 US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 US TREASURY N/B 912828ZW3 912828U24 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 91282CFZ9 91282CFZ9 91282CGP0 91282CGP0 91282CGP0 91282CGP0 91282CCH2 91282CCH2 91282CCH2 91282CCH2 50,000.00 GoldmanS 3,775,000.00 JPMorgan 1,200,000.00 BNPPSA 375,000.00 MorganSt 400,000.00 BMO 97.31 95.85 96.73 96.41 96.41 96.41 96.41 99.22 99.22 99.53 99.53 99.53 99.53 90.18 90.18 90.18 90.18 48,656.25 3,618,250.68 1,160,766.00 361,538.25 (375.00) 72,699.90 5,344.12 (1,192.83) (34,639.01) (13,011.58) (5,260.04) 2,299.91 0.65 1.95 2.37 2.59 2.59 2.59 2.59 2.82 2.82 3.06 3.06 3.06 3.06 3.50 3.50 3.50 3.50 5.10 4.14 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.13 4.11 4.11 4.11 4.11 (790.85) 385,640.80 12,375.18 12,820.57 8,604.85 600,000.00 Citigrou 825,000.00 HSBC 578,461.20 1,645.10 795,384.15 (4,353.88) (5,585.33) 2,939.61 1,175,000.00 Citigrou 1,200,000.00 HSBC 400,000.00 JPMorgan 600,000.00 Citigrou 1,350,000.00 Citigrou 2,450,000.00 HSBC 225,000.00 BMO 1,165,866.73 1,190,672.40 398,109.20 (4,635.22) 6,563.02 4,468.57 3,531.40 597,163.80 (5,344.01) 8,331.44 (4,889.43) 5,904.571,343,618.55 2,438,418.85 202,895.55 55,028.22 4,253.95 47,140.95 2,247.87 1,275,000.00 MorganSt 1,300,000.00 BMO 2,400,000.00 BMO 1,149,741.45 1,172,285.40 2,164,219.20 (19,622.81) (1,675.54) (47,249.55) (23,566.96) (8,870.43) (50,463.91) DTD 06/30/2021 1.250% 06/30/2028 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 16 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 N/B 91282CCH2 2,900,000.00 BMO 90.18 2,615,098.20 49,844.29 20,133.02 3.50 4.11 DTD 06/30/2021 1.250% 06/30/2028 US TREASURY N/B 91282CJR3 1,200,000.00 Citigrou 98.39 1,180,734.00 (1,359.75)(1,359.75)3.76 4.14 DTD 01/02/2024 3.750% 12/31/2028 Security Type Sub-Total Municipal Bond / Note 23,700,000.00 22,567,520.66 159,281.38 (67,350.72)2.95 4.13 NY ST URBAN DEV-F-1 650036DT0 91412HGE7 341271AD6 341271AD6 341271AD6 60412AK85 798306WP7 13077DQD7 13063D3N6 325,000.00 WellsFar 85,000.00 JPMorgan 65,000.00 BOFAML 85,000.00 BOFAML 160,000.00 BOFAML 100,000.00 XCHANGE 130,000.00 KEYB 98.59 98.10 97.58 97.58 97.58 97.25 97.18 96.54 100.97 320,404.18 83,387.13 63,425.24 82,940.70 156,123.68 97,251.80 126,337.51 82,060.87 201,941.80 (4,595.82) (1,612.87) (2,034.31) (2,622.85) (3,876.32) (2,748.20) (3,662.49) (2,939.13) 1,941.80 (4,595.82) (1,612.87) (1,638.70) (2,137.71) (3,876.32) (2,748.20) (3,662.49) (2,939.13) 1,941.80 0.36 0.53 0.65 0.65 0.65 0.74 0.74 0.98 2.17 4.78 4.51 5.02 5.02 5.02 4.41 4.73 4.45 4.40 DTD 12/23/2020 0.870% 03/15/2025 UNIV OF CALIFORNIA-BG (CALLABLE) DTD 07/16/2020 0.883% 05/15/2025 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 MINNESOTA ST-F-UNREF DTD 08/25/2020 0.630% 08/01/2025 SAN JUAN CA UNIF SCH DTD 10/29/2020 0.852% 08/01/2025 CALIFORNIA ST UNIV-B DTD 07/29/2021 0.862% 11/01/2025 CA ST 04/15/25 85,000.00 JPMorgan 200,000.00 WellsFar DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,235,000.00 1,213,872.91 (22,150.19)(21,269.44)0.85 4.70 Federal Agency Commercial Mortgage-Backed Security FHMS K043 A2 3137BGK24 198,305.73 Citigrou 99.56 197,438.14 (10,689.92)(1,177.77)0.15 5.10 DTD 03/01/2015 3.062% 12/01/2024 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 17 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 K054 A2 DTD 04/01/2016 2.745% 01/01/2026 FHMS K058 A2 DTD 11/01/2016 2.653% 08/01/2026 FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026 FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027 FHMS K065 A2 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 4.181% 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 3137BNGT5 3137BSP72 3137BTUM1 3137BXQY1 3137F1G44 3137HBC69 3137HAD45 3137HACX2 3136BQDE6 3137HAQ74 3137HAMH6 3137HAST4 3137HAMS2 3137HB3D4 3137HB3G7 3137HBLV4 3137HDV56 275,000.00 RobertBa 550,000.00 BREAN 372,015.71 Citigrou 550,000.00 MorganSt 550,000.00 Citigrou 393,605.51 JPMorgan 436,108.41 JPMorgan 550,000.00 JPMorgan 525,553.31 JPMorgan 500,000.00 BMO 97.90 96.77 269,213.73 532,242.15 363,107.42 534,495.50 533,569.85 395,683.36 436,773.91 553,425.40 517,311.58 502,499.50 800,751.20 377,703.38 502,698.00 182,682.18 277,220.90 289,516.86 441,675.96 5,600.45 5,402.31 2,542.81 15,690.81 6,536.65 2,081.00 676.37 (735.62) (5,270.84) (2,152.05) 5,276.34 (1,679.92) 2,079.14 673.58 1.07 1.70 1.85 2.11 2.26 2.88 2.42 3.20 3.34 3.37 3.34 3.44 3.40 3.46 3.50 3.59 4.00 4.55 4.46 4.52 4.48 4.50 4.59 4.61 4.55 4.58 4.52 4.55 4.57 4.57 4.57 4.56 4.55 4.56 97.61 97.18 97.01 100.53 100.15 100.62 98.43 (2,068.00) 668.04 (641.26) (1,566.85) 11,365.42 10,140.39 12,632.43 7,569.12 3,112.87 2,879.62 (2,989.07) (933.78) 100.50 100.09 100.72 100.54 101.49 100.81 99.83 13,467.50 12,585.60 14,659.50 8,674.50 3,202.56 3,010.97 (3,382.85) (1,026.08) 800,000.00 WellsFar 375,000.00 MorganSt 500,000.00 BOFAML 180,000.00 JPMorgan 275,000.00 BOFAML 290,000.00 JPMorgan 440,000.00 PIER DTD 02/01/2024 4.572% 12/01/2028 FHMS K524 A2 100.38 DTD 07/01/2024 4.720% 05/01/2029 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 18 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 K522 A2 DTD 06/01/2024 4.803% 05/01/2029 FHMS K526 A2 3137HDJJ0 3137HDXL9 550,000.00 MorganSt 495,000.00 BMO 100.61 99.62 553,381.95 493,131.38 3,383.60 3,381.95 3.90 4.15 4.58 4.55(6,498.85)(6,321.89) DTD 08/01/2024 4.543% 07/01/2029 Security Type Sub-Total 8,805,588.67 8,754,522.35 74,516.97 35,641.81 2.96 4.56 Federal Agency Bond / Note FREDDIE MAC DTD 07/23/2020 0.375% 07/21/2025 FANNIE MAE DTD 08/27/2020 0.375% 08/25/2025 FEDERAL HOME LOAN BANK DTD 09/11/2020 0.375% 09/04/2025 FREDDIE MAC DTD 09/25/2020 0.375% 09/23/2025 FANNIE MAE 3137EAEU9 3135G05X7 3130AK5E2 3137EAEX3 3135G06G3 425,000.00 WellsFar 350,000.00 Barclays 150,000.00 WellsFar 700,000.00 Citigrou 650,000.00 Barclays 97.20 96.82 96.75 96.55 96.26 413,080.45 338,863.35 145,117.65 675,822.70 625,690.00 (9,803.05) (9,498.65) (4,432.35) (22,070.30) (21,983.00) (11,613.49) (10,868.81) (4,806.30) (23,799.96) (23,835.53) 0.71 0.80 0.83 0.88 0.99 4.45 4.42 4.39 4.03 4.34 DTD 11/12/2020 0.500% 11/07/2025 Security Type Sub-Total Corporate Note 2,275,000.00 2,198,574.15 (67,787.35)(74,924.09)0.86 4.28 PACCAR FINANCIAL CORP 69371RQ66 025816CQ0 771196BT8 437076CM2 17252MAP5 90327QD89 175,000.00 BOFAML 80,000.00 Barclays 410,000.00 Deutsche 25,000.00 MorganSt 65,000.00 KEYB 99.20 99.12 99.08 99.16 99.28 99.44 173,604.20 79,293.28 406,245.63 24,788.85 64,534.34 223,744.05 (9,290.05) (625.92) (3,754.37) (167.40) (451.36) (520.20) (1,883.73) (697.52) 0.26 0.33 0.35 0.45 0.48 0.49 4.89 4.84 4.79 4.65 4.91 4.54 DTD 02/06/2020 1.800% 02/06/2025 AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.250% 03/04/2025 ROCHE HOLDINGS INC (CALLABLE) DTD 03/10/2022 2.132% 03/10/2025 HOME DEPOT INC (CALLABLE) DTD 03/28/2022 2.700% 04/15/2025 CINTAS CORPORATION NO. 2 (CALLABLE) DTD 05/03/2022 3.450% 05/01/2025 USAA CAPITAL CORP 02/01/25 02/10/25 03/15/25 04/01/25 (3,754.37) (204.61) (463.27) 225,000.00 BOFAML (1,130.42) DTD 05/26/2022 3.375% 05/01/2025 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 19 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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) DTD 05/11/2018 3.500% 05/15/2025 AMAZON.COM INC (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.500% 06/09/2025 NATIONAL RURAL UTIL COOP DTD 05/04/2022 3.450% 06/15/2025 IBM CORP 369550BG2 023135BQ8 63254ABD9 63743HFE7 459200KS9 06051GFS3 002824BM1 06051GKE8 46647PCV6 91324PEC2 05565EBW4 14913R2U0 87612EBM7 06406RBA4 594918BY9 025816CS6 084664CZ2 225,000.00 JPMorgan 475,000.00 GoldmanS 250,000.00 Citigrou 50,000.00 RBC Capi 225,000.00 JPMorgan 225,000.00 BOFAML 225,000.00 US_BANC 225,000.00 BOFAML 175,000.00 JPMorgan 225,000.00 Citigrou 175,000.00 SUMITR 225,000.00 JPMorgan 40,000.00 Citigrou 475,000.00 Deutsche 750,000.00 GoldmanS 300,000.00 RBS 03/15/25 05/03/25 99.44 97.83 99.32 99.22 99.46 99.52 99.53 99.63 99.21 95.09 94.30 94.40 94.99 94.98 97.97 95.47 95.72 223,734.15 464,700.58 248,288.00 49,608.50 (28,513.35) (10,066.67) (1,712.00) (378.00) (3,569.42) (10,271.98) (1,712.00) (388.80) 0.50 0.58 0.59 0.60 0.71 0.73 0.76 0.11 0.31 1.49 1.72 2.10 2.10 2.13 2.07 2.21 2.25 4.69 4.59 4.65 4.72 4.63 4.52 4.36 5.52 5.63 4.49 4.60 4.41 4.34 4.41 4.22 4.60 4.19 223,781.63 223,917.08 223,938.23 224,158.28 173,622.23 213,950.03 165,029.55 212,401.58 37,997.16 (1,218.37) (33,001.42) (33,907.27) (841.72) (1,218.37) (5,921.77) (5,397.30) (841.72) DTD 07/27/2022 4.000% 07/27/2025 BANK OF AMERICA CORP DTD 07/30/2015 3.875% 08/01/2025 ABBOTT LABORATORIES (CALLABLE) DTD 03/22/2017 3.875% 09/15/2025 BANK OF AMERICA CORP (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 JPMORGAN CHASE & CO (CALLABLE) DTD 02/24/2022 2.595% 02/24/2026 UNITEDHEALTH GROUP INC (CALLABLE) DTD 05/19/2021 1.150% 05/15/2026 BMW US CAPITAL LLC (CALLABLE) DTD 08/12/2021 1.250% 08/12/2026 CATERPILLAR FINL SERVICE DTD 01/10/2022 1.700% 01/08/2027 TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 BANK OF NY MELLON CORP (CALLABLE) DTD 01/26/2022 2.050% 01/26/2027 MICROSOFT CORP (CALLABLE) 06/15/25 12/06/24 02/24/25 04/15/26 07/12/26 (1,377.77) (10,658.47) (9,917.95) (11,462.17) (1,934.84) (22,793.82) 12,823.50 9,215.40 (1,377.77) (10,929.21) (9,951.71) (12,100.24) (1,972.69) (23,376.20) 1,111.15 12/15/26 12/24/26 11/06/26 02/01/27 02/15/27 451,151.68 734,766.00 286,418.40 454,667.63 DTD 02/06/2017 3.300% 02/06/2027 AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.550% 03/04/2027 BERKSHIRE HATHAWAY FIN (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027 (648.98) 475,000.00 SEEL (11,421.37)(16,099.89) PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 20 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 CHARLES SCHWAB CORP (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.905% 06/09/2027 APPLE INC (CALLABLE) 808513BW4 63254ABE7 037833DB3 89236TKQ7 637432NP6 882508BV5 110122DE5 539830BZ1 24422EXB0 17325FBB3 009158BH8 17275RBR2 09290DAA9 09290DAA9 00724PAF6 00724PAF6 437076DC3 300,000.00 Barclays 500,000.00 CAS 01/01/27 06/12/27 96.99 98.67 290,970.60 493,346.00 745,971.60 376,078.50 337,274.00 85,522.50 6,045.60 5,021.00 4,908.85 (204.00) 8,085.00 (1,520.90) 9,831.00 38.70 (161.75) 272.72 2.22 2.41 2.64 2.90 2.97 2.96 2.96 3.14 3.30 3.42 3.77 3.80 3.85 3.85 3.90 3.90 4.03 4.63 4.43 4.26 4.49 4.57 4.34 4.48 4.44 4.51 4.68 4.50 4.49 4.49 4.49 4.45 4.45 4.54 775,000.00 TD Secur 375,000.00 WellsFar 350,000.00 MorganSt 85,000.00 JPMorgan 375,000.00 MAXE 96.25 (8,064.17) 245.45 DTD 09/12/2017 2.900% 09/12/2027 TOYOTA MOTOR CREDIT CORP 100.29 96.36 DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP (CALLABLE) DTD 02/07/2018 3.400% 02/07/2028 TEXAS INSTRUMENTS INC (CALLABLE) DTD 11/18/2022 4.600% 02/15/2028 BRISTOL-MYERS SQUIBB CO (CALLABLE) DTD 07/15/2020 3.900% 02/20/2028 LOCKHEED MARTIN CORP (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028 JOHN DEERE CAPITAL CORP 11/07/27 01/15/28 11/20/27 04/15/28 984.78 100.61 98.16 (883.63) 4,293.06 7.57 368,094.75 59,930.7060,000.00 Barclays 375,000.00 Citigrou 750,000.00 Barclays 340,000.00 Barclays 420,000.00 Citigrou 50,000.00 Citigrou 725,000.00 BOFAML 170,000.00 SEEL 99.88 101.37 103.89 100.24 101.24 100.67 100.67 101.27 101.27 100.72 380,127.38 779,149.50 340,824.50 425,208.00 50,336.85 2,262.38 32,869.50 1,276.70 5,355.00 427.35 2,992.64 32,154.78 1,216.75 5,335.85 416.89 DTD 07/14/2023 4.950% 07/14/2028 CITIBANK NA (CALLABLE)08/29/28 01/08/29 01/26/29 02/14/29 02/14/29 03/04/29 03/04/29 05/25/29 DTD 09/29/2023 5.803% 09/29/2028 AIR PRODUCTS & CHEMICALS (CALLABLE) DTD 02/08/2024 4.600% 02/08/2029 CISCO SYSTEMS INC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029 BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029 BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029 ADOBE INC (CALLABLE) 729,884.33 172,157.30 207,601.45 125,894.50 4,529.08 2,381.70 2,906.90 1,700.75 4,566.93 2,358.29 2,875.30 1,650.25 DTD 04/04/2024 4.800% 04/04/2029 ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 HOME DEPOT INC (CALLABLE) 205,000.00 BOFAML 125,000.00 MorganSt DTD 06/25/2024 4.750% 06/25/2029 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 21 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029 AMERICAN HONDA FINANCE 437076DC3 02665WFQ9 250,000.00 PNCBank 400,000.00 Deutsche 05/25/29 100.72 98.33 251,789.00 393,335.60 3,161.50 3,074.97 4.03 4.28 4.54 4.75(6,184.40)(6,198.21) DTD 09/05/2024 4.400% 09/05/2029 Security Type Sub-Total Certificate of Deposit 12,350,000.00 12,197,838.12 (89,083.88)(65,662.35)2.35 4.54 TORONTO DOMINION BANK NY DTD 10/31/2022 5.600% 10/27/2025 NORDEA BANK ABP NEW YORK 89115B6K1 65558UYF3 450,000.00 TD Secur 450,000.00 WellsFar 101.34 101.24 456,042.60 455,579.10 6,042.60 5,579.10 6,042.60 5,579.10 0.97 0.95 4.19 4.25 DTD 11/03/2022 5.530% 11/03/2025 Security Type Sub-Total Bank Note 900,000.00 911,621.70 11,621.70 11,621.70 0.96 4.22 MORGAN STANLEY BANK NA (CALLABLE) DTD 07/19/2024 4.968% 07/14/2028 61690U8E3 525,000.00 Citigrou 07/14/27 100.56 527,926.88 2,401.88 2,447.72 2.48 4.97 Security Type Sub-Total Asset-Backed Security 525,000.00 527,926.88 2,401.88 2,447.72 2.48 4.97 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 GMCAR 2021-4 A3 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 362554AC1 11,508.46 SUMITR 9,174.08 Citigrou 23,262.97 BOFAML 3,544.82 BOFAML 15,320.89 SMBC 99.79 99.80 98.88 99.81 99.24 98.67 11,484.71 9,155.74 23,001.89 3,538.13 15,204.00 23,933.88 (23.56) (17.36) (256.18) (5.92) (23.71) (18.11) (259.64) (6.48) 0.04 0.04 0.28 0.04 0.19 0.32 5.86 5.15 5.54 4.96 4.77 4.79 (113.47) (321.05) (115.72) (321.44)24,255.55 JPMorgan DTD 10/21/2021 0.680% 09/16/2026 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 22 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028 HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 HAROT 2023-4 A3 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 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 254683CY9 05522RDG0 02582JJZ4 14041NGD7 254683CZ6 438123AC5 31680EAD3 161571HT4 02582JKD1 148,926.53 RBC Capi 120,249.56 WellsFar 239,533.55 RBC Capi 245,000.00 BOFAML 245,000.00 RBC Capi 170,000.00 JPMorgan 130,000.00 BNPPSA 320,000.00 BOFAML 320,000.00 RBC Capi 170,000.00 BOFAML 190,000.00 RBC Capi 490,000.00 RBC Capi 350,000.00 BOFAML 85,000.00 JPMorgan 350,000.00 JPMorgan 405,000.00 JPMorgan 410,000.00 Citigrou 99.47 99.80 148,143.77 120,004.13 239,568.29 244,998.04 245,799.68 170,283.73 130,072.15 323,072.64 318,780.48 170,605.37 190,942.59 489,150.83 351,850.10 86,459.45 (779.24) (220.54) 73.99 (780.93) (231.77) 57.36 0.64 0.70 0.65 0.88 0.91 0.83 0.92 1.19 1.30 1.45 1.45 1.46 1.53 1.47 1.27 1.75 1.75 4.80 4.75 4.82 4.65 4.63 4.87 4.65 4.65 4.60 4.59 4.55 4.59 4.61 4.61 4.68 4.56 4.54 100.01 100.00 100.33 100.17 100.06 100.96 99.62 (1.84)(1.89) 838.12 822.63 300.85 294.84 85.71 81.30 3,138.62 (1,200.96) 643.86 3,121.10 (1,206.82) 633.09100.36 100.50 99.83 959.44 954.71 (736.81) 1,897.38 1,474.42 3,888.85 4,923.27 5,189.25 (769.24) 1,884.60 1,471.44 3,883.67 4,900.37 5,374.54 100.53 101.72 101.10 101.19 101.26 353,867.15 409,811.00 415,170.92 DTD 09/15/2023 5.160% 09/15/2028 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 23 Managed Account Fair Market Value & Analytics CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028 AMXCA 2024-1 A 05522RDH8 02582JKH2 180,000.00 BOFAML 495,000.00 Barclays 100.94 101.66 181,699.20 503,220.47 1,723.37 8,321.94 1,718.92 8,321.94 1.90 2.25 4.54 4.53 DTD 04/23/2024 5.230% 04/16/2029 Security Type Sub-Total 5,150,776.42 5,179,818.34 53,551,695.11 29,782.14 98,582.65 29,784.76 1.37 2.49 4.63 4.37Managed Account Sub-Total 54,941,365.09 (149,710.61) Joint Powers Authority CAMP Pool 214,679.18 1.00 214,679.18 0.00 0.00 0.00 Liquid Sub-Total 214,679.18 214,679.18 0.00 0.00 0.00 Securities Sub-Total Accrued Interest $55,156,044.27 $53,766,374.29 $335,189.06 $54,101,563.35 $98,582.65 ($149,710.61)2.49 4.37% Total Investments Bolded items are forward settling trades. PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 24 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 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 10/01/24 10/07/24 US TREASURY N/B 91282CCH2 2,400,000.00 (2,211,468.75)(8,070.65)(2,219,539.40) DTD 06/30/2021 1.250% 06/30/2028 10/31/24 11/05/24 US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028 91282CJR3 1,200,000.00 (1,182,093.75)(15,652.17)(1,197,745.92) Transaction Type Sub-Total 3,600,000.00 (3,393,562.50)(23,722.82)(3,417,285.32) INTEREST 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 CHARLES SCHWAB CORP (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027 FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029 FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028 FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029 FHMS K526 A2 DTD 08/01/2024 4.543% 07/01/2029 FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028 FHMS K065 A2 DTD 07/01/2017 3.243% 04/01/2027 FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028 FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027 FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028 FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 FHMS K507 A2 808513BW4 3137HDV56 3137HBLV4 3137HDJJ0 3137HDXL9 3137HACX2 3137F1G44 3137HBC69 3137BXQY1 3137HB3D4 3137BTUM1 3137HAD45 3137HAMS2 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 4,950.00 1,730.67 1,104.90 2,201.38 1,873.99 2,208.71 1,486.38 1,597.53 1,477.67 760.35 4,950.00 1,730.67 1,104.90 2,201.38 1,873.99 2,208.71 1,486.38 1,597.53 1,477.67 760.35 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 1,039.76 1,737.43 2,000.00 1,039.76 1,737.43 2,000.00 DTD 09/01/2023 4.800% 09/01/2028 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 25 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/04/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/04/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028 FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028 FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028 FNA 2023-M6 A2 DTD 07/01/2023 4.181% 07/01/2028 FHMS K058 A2 DTD 11/01/2016 2.653% 08/01/2026 FHMS K054 A2 DTD 04/01/2016 2.745% 01/01/2026 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 HOME DEPOT INC (CALLABLE) DTD 03/28/2022 2.700% 04/15/2025 CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 COMET 2023-A1 A 3137BGK24 0.00 569.12 569.12 3137HAST4 3137HB3G7 3137HAQ74 3136BQDE6 3137BSP72 3137BNGT5 3137HAMH6 00724PAF6 437076CM2 161571HT4 254683CY9 31680EAD3 14318MAD1 05522RDH8 65480BAC1 14041NGD7 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 1,515.63 1,113.75 1,975.00 1,831.21 1,215.96 629.06 1,515.63 1,113.75 1,975.00 1,831.21 1,215.96 629.06 3,100.00 9,000.00 337.50 3,100.00 9,000.00 337.50 1,741.50 1,149.33 1,612.92 526.61 1,741.50 1,149.33 1,612.92 526.61 747.00 747.00 6.05 6.05 1,804.83 1,804.83 DTD 05/24/2023 4.420% 05/15/2028 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 26 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/16/24 10/16/24 10/18/24 10/21/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/16/24 10/16/24 10/18/24 10/21/24 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028 TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027 HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028 BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 AMXCA 2024-1 A DTD 04/23/2024 5.230% 04/16/2029 DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028 AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 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 14314QAC8 0.00 3.04 3.04 02582JKD1 891940AC2 41285JAD0 65480JAC4 14041NGB1 89190GAC1 344928AD8 05522RDG0 44935FAD6 02582JKH2 254683CZ6 02582JJZ4 36265QAD8 362554AC1 43815QAC1 43815GAC3 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 1,786.92 945.29 715.42 476.33 1,010.63 4.22 1,786.92 945.29 715.42 476.33 1,010.63 4.22 503.75 678.58 11.60 503.75 678.58 11.60 2,157.37 1,437.92 771.08 1,031.47 15.70 2,157.37 1,437.92 771.08 1,031.47 15.70 1,442.67 19.91 1,442.67 19.91 DTD 08/22/2023 5.410% 02/18/2028 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 27 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total INTEREST 10/21/24 10/25/24 10/31/24 10/21/24 10/25/24 10/31/24 HAROT 2023-4 A3 438123AC5 0.00 401.63 401.63 DTD 11/08/2023 5.670% 06/21/2028 TORONTO DOMINION BANK NY DTD 10/31/2022 5.600% 10/27/2025 US TREASURY N/B 89115B6K1 91282CEN7 0.00 0.00 25,620.00 16,500.00 25,620.00 16,500.00 DTD 05/02/2022 2.750% 04/30/2027 Transaction Type Sub-Total PAYDOWNS 0.00 108,577.77 108,577.77 10/01/24 10/01/24 10/01/24 10/01/24 10/01/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/16/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/16/24 FNA 2023-M6 A2 DTD 07/01/2023 4.181% 07/01/2028 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 01/01/2017 3.347% 11/01/2026 FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 GMCAR 2021-4 A3 3136BQDE6 3137BGK24 3137HBC69 3137BTUM1 3137HAD45 44935FAD6 14314QAC8 89190GAC1 65480JAC4 65480BAC1 14318MAD1 362554AC1 3.30 3.32 24,731.14 1,008.33 771.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.32 24,731.14 1,008.33 771.02 0.08 0.06 24,731.14 1,008.33 771.02 (1,224.96) 0.01 (60.17) 0.01 14.57 0.01 0.28 0.20 0.28 0.91 0.04 0.13 0.04 23.73 0.01340.18 340.18 340.18 3,492.34 3,464.83 10,310.56 7,910.56 10,475.04 10,251.11 3,458.65 3,492.34 3,464.82 10,310.56 7,910.56 10,475.04 10,251.11 3,458.65 3,492.34 3,464.82 10,310.56 7,910.56 10,475.04 10,251.11 3,458.65 0.78 0.74 1.11 1.63 0.17 0.24 0.09 DTD 10/21/2021 0.680% 09/16/2026 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 28 Managed Account Security Transactions & Interest CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Transaction Type Principal Proceeds Accrued Interest Realized G/L Realized G/L Cost Amort Cost Sale MethodTradeSettleSecurity Description CUSIP Par Total PAYDOWNS 10/16/24 10/21/24 10/16/24 10/21/24 GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027 HAROT 2021-4 A3 36265QAD8 17,265.03 17,265.03 0.00 17,265.03 3,893.83 2.83 0.82 1.66 43815GAC3 3,893.83 3,893.83 0.00 0.24 DTD 11/24/2021 0.880% 01/21/2026 Transaction Type Sub-Total SELL 97,375.92 97,375.93 0.00 97,375.93 (1,192.72)(41.74) 10/01/24 10/07/24 US TREASURY N/B 912828U24 1,800,000.00 1,742,765.63 14,184.78 1,756,950.41 52,171.88 2,946.89 FIFO DTD 11/15/2016 2.000% 11/15/2026 10/31/24 11/05/24 US TREASURY N/B DTD 11/15/2016 2.000% 11/15/2026 912828U24 1,025,000.00 983,039.06 9,692.93 992,731.99 20,339.84 (8,983.42)FIFO Transaction Type Sub-Total 2,825,000.00 2,725,804.69 (570,381.88) ($570,381.88) 23,877.71 108,732.66 $108,732.66 2,749,682.40 (461,649.22) ($461,649.22) 72,511.72 71,319.00 $71,319.00 (6,036.53) (6,078.27) ($6,078.27) Managed Account Sub-Total Total Security Transactions Bolded items are forward settling trades. PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 29 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool Opening Balance 10/01/24 10/04/24 10/07/24 10/07/24 10/07/24 10/07/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 470,550.48 475,500.48 484,500.48 2,227,266.11 2,241,450.89 29,982.14 21,911.49 22,248.99 23,020.07 24,806.99 26,964.36 27,642.94 28,389.94 29,400.57 31,205.40 31,208.44 31,735.05 33,476.55 34,625.88 36,063.80 37,676.72 38,180.47 10/01/24 10/04/24 10/07/24 10/07/24 10/07/24 10/07/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 Purchase - Interest 808513BW4 Purchase - Interest 00724PAF6 Purchase - Principal 912828U24 Purchase - Interest 912828U24 Redemption - Principal 91282CCH2 Redemption - Interest 91282CCH2 Purchase - Interest 437076CM2 Purchase - Interest 02582JJZ4 Purchase - Interest 02582JKD1 Purchase - Interest 02582JKH2 Purchase - Interest 05522RDG0 Purchase - Interest 05522RDH8 Purchase - Interest 14041NGB1 Purchase - Interest 14041NGD7 Purchase - Interest 14314QAC8 Purchase - Interest 14318MAD1 Purchase - Interest 161571HT4 Purchase - Interest 254683CY9 Purchase - Interest 254683CZ6 Purchase - Interest 31680EAD3 Purchase - Interest 344928AD8 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 4,950.00 9,000.00 1,742,765.63 14,184.78 (2,211,468.75) (8,070.65) 337.50 771.08 1,786.92 2,157.37 678.58 747.00 1,010.63 1,804.83 3.04 526.61 1,741.50 1,149.33 1,437.92 1,612.92 503.75 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 30 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/16/24 10/16/24 10/16/24 10/16/24 10/18/24 10/21/24 10/21/24 10/21/24 10/25/24 10/25/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/15/24 10/16/24 10/16/24 10/16/24 10/16/24 10/18/24 10/21/24 10/21/24 10/21/24 10/25/24 10/25/24 Purchase - Interest 41285JAD0 Purchase - Interest 44935FAD6 Purchase - Interest 65480BAC1 Purchase - Interest 65480JAC4 Purchase - Interest 89190GAC1 Purchase - Interest 891940AC2 Purchase - Principal 44935FAD6 Purchase - Principal 14314QAC8 Purchase - Principal 14318MAD1 Purchase - Principal 65480BAC1 Purchase - Principal 89190GAC1 Purchase - Principal 65480JAC4 Purchase - Interest 36265QAD8 Purchase - Interest 362554AC1 Purchase - Principal 362554AC1 Purchase - Principal 36265QAD8 Purchase - Interest 43815QAC1 Purchase - Interest 438123AC5 Purchase - Interest 43815GAC3 Purchase - Principal 43815GAC3 Purchase - Interest 89115B6K1 Purchase - Interest 3136BQDE6 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 1.00 715.42 11.60 38,895.89 38,907.49 38,913.54 39,389.87 39,394.09 40,339.38 43,831.72 47,296.55 57,547.66 68,022.70 78,333.26 86,243.82 87,275.29 87,290.99 90,749.64 108,014.67 109,457.34 109,858.97 109,878.88 113,772.71 139,392.71 141,223.92 6.05 476.33 4.22 945.29 3,492.34 3,464.83 10,251.11 10,475.04 10,310.56 7,910.56 1,031.47 15.70 3,458.65 17,265.03 1,442.67 401.63 19.91 3,893.83 25,620.00 1,831.21 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 31 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 10/25/24 Purchase - Interest 3137BGK24 Purchase - Interest 3137BNGT5 Purchase - Interest 3137BSP72 Purchase - Interest 3137BTUM1 Purchase - Interest 3137BXQY1 Purchase - Interest 3137F1G44 Purchase - Interest 3137HACX2 Purchase - Interest 3137HAD45 Purchase - Interest 3137HAMH6 Purchase - Interest 3137HAMS2 Purchase - Interest 3137HAQ74 Purchase - Interest 3137HAST4 Purchase - Interest 3137HB3D4 Purchase - Interest 3137HB3G7 Purchase - Interest 3137HBC69 Purchase - Interest 3137HBLV4 Purchase - Interest 3137HDJJ0 Purchase - Interest 3137HDV56 Purchase - Interest 3137HDXL9 Purchase - Principal 3137BGK24 Purchase - Principal 3137HAD45 Purchase - Principal 3137HBC69 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 1.00 569.12 629.06 141,793.04 142,422.10 143,638.06 144,677.82 146,155.49 147,641.87 149,850.58 151,588.01 154,688.01 156,688.01 158,663.01 160,178.64 160,938.99 162,052.74 163,650.27 164,755.17 166,956.55 168,687.22 170,561.21 195,292.35 195,632.53 196,640.86 1,215.96 1,039.76 1,477.67 1,486.38 2,208.71 1,737.43 3,100.00 2,000.00 1,975.00 1,515.63 760.35 1,113.75 1,597.53 1,104.90 2,201.38 1,730.67 1,873.99 24,731.14 340.18 1,008.33 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 32 Account Statement CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS For the Month Ending October 31, 2024 Trade Date Settlement Date Share or Unit Price Dollar Amount of Transaction Total Shares OwnedTransaction Description CAMP Pool 10/25/24 10/25/24 10/31/24 10/31/24 10/25/24 10/25/24 10/31/24 11/01/24 Purchase - Principal 3137BTUM1 Purchase - Principal 3136BQDE6 Purchase - Interest 91282CEN7 1.00 1.00 1.00 1.00 771.02 3.32 197,411.88 197,415.20 213,915.20 214,679.18 16,500.00 763.98Accrual Income Div Reinvestment - Distributions Closing Balance 214,679.18 Month of Fiscal YTD October January-October Opening Balance Purchases Redemptions (Excl. Checks) Check Disbursements 470,550.48 1,963,668.10 (2,219,539.40) 0.00 116,772.96 18,894,810.08 (18,796,903.86) 0.00 Closing Balance Average Monthly Balance Monthly Distribution Yield 214,679.18 178,716.17 5.03% Closing Balance 214,679.18 214,679.18 Cash Dividends and Income 763.98 8,162.51 PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. Page 33 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 City of Lake Elsinore Investment Performance Review For the Quarter Ended September 30, 2024 PFM Asset Management LLC NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public Market Update © PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update Current Market Themes ▸ The U.S. economy is characterized by: ▹ A labor market that reached better balance and supports consumer activity ▹ Inflation that has made meaningful progress towards the Federal Reserve’s (Fed) 2% target, although shelter costs remain a headwind ▹ Resilient economic growth and consumer spending that support the ‘soft landing’ scenario ▸ Fed begins the easing cycle ▹ The Fed cut the federal funds target rate by 50 basis points (bps) to 4.75% - 5.00% at its September FOMC meeting ▹ Fed officials note they have gained greater confidence the risks to their dual mandate are “roughly” in balance ▹ The Fed’s September “dot plot” implies 50 bps of additional cuts in 2024 and 100 bps through 2025 ▸ Treasury yields continued their descent ▹ Yields on maturities between 3 months and 10 years fell 62-112 bps during the 3rd quarter ▹ The yield curve began to disinvert in the 3rd quarter as the spread between the 2-year and 10-year Treasury reached positive territory for the first time in over 2 years ▹ Despite intra-quarter spread widening, yield spreads across most credit sectors were range bound at tight levels, reflecting the strength of the economy Source: Bloomberg Finance L.P., as of September 30, 2024. 1© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update Inflation Trends Lower Fed Chair Powell: “[H]ousing inflation is the … one piece that is kind of dragging a bit … it’s been slower than we expected” Consumer Price Index (CPI) Top-Line Contributions, Year-over-Year Changes Shelter CPI Ex-Shelter Headline Shelter YoY%Headline CPI YoY% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% The shelter component of CPI continues to remain outsized accounting for 74% of the Shelter Inflation increased 5.2% while CPI Ex-Shelter increased 1.0% (YoY) Aug-24 5.2%increase in the headline figure Aug-24 2.5% Aug-21 Dec-21 Apr-22 Aug-22 Dec-22 Apr-23 Aug-23 Dec-23 Apr-24 Aug-24 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Bureau of Labor Statistics and Bloomberg Finance L.P., as of August 2024. 2© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update Labor Market Moves Into Better Balance Fed Chair Powell: “…labor market conditions have cooled off by any measure … [but] the level of those conditions is actually pretty close to what I would call maximum employment” Monthly Change In Nonfarm Payrolls Unemployment Rate 500 450 400 350 300 250 200 150 100 50 5% 4% 3% Nonfarm Payrolls 3-month Moving Average Sept-24 4.1% Sept-24 254 0 Sep-22 Sep-23 Sep-24Sep-22 Sep-23 Sep-24 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Bureau of Labor Statistics and Bloomberg Finance L.P., as of September 2024. Data is seasonally adjusted. 3© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update Inflation and Labor Market Conditions Leave the Consumer Well-Positioned The “Misery Index” is a measure of economic distress and is calculated as the sum of CPI and the Unemployment Rate. The Fed’s long-run estimate of full employment at 4 - 5% and an inflation target of 2% would produce a Misery Index reading of 6 - 7%. Misery Index CPI Inflation + Unemployment Rate 18%Apr-2020 14.8% Unemployment 16% 14% 12% 10% 8% Nov-2010 9.8% Unemployment Jun-2022 9.1% Inflation 2000-2003 Driver: Unemployment creeps higher and peaks at 6.3% in June 2003 Oct-2019 Historically Low Unemployment and Inflation Sept-20246%6.7% 4% Sep-94 Sep-97 Sep-00 Sep-03 Sep-06 Sep-09 Sep-12 Sep-15 Sep-18 Sep-21 Sep-24 Source: Bloomberg Finance L.P., as of September 2024. 4© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update Consumer Activity Remains Solid Fed Chair Powell: “…if you look at the growth in economic activity data—the [September] retail sales data [and] second quarter GDP—all of this indicates an economy that is still growing at a solid pace.” U.S. GDP Forecasts U.S. Real Personal Consumption Expenditure Annualized Rate Actual Range Median of Forecasts $17,000 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Personal Consumption is the main driver of GDP and accounts for 69% of overall GDP $16,000 $15,000 $14,000 $13,000 $12,000 $11,000 4.4% 3.2%Pre-pandemic trend3.0% 2.0% 1.8% 1.4% 1.6% Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 2025 2008 2010 2012 2014 2016 2018 2020 2022 2024 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; (Left) Bureau of Economic Analysis and Bloomberg Finance L.P. as of September 2024. (Right) U.S. Census Bureau and Bloomberg Finance L.P., as of August 2024. 5© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update The Fed Begins the Cutting Cycle With 50bps Fed Chair Powell: “[I]f we’d have gotten the July [jobs] report before the [July FOMC] meeting would we have cut, well we might have.” Federal Funds Rate Fed Funds Upper Bound Market Implied Fed Fund Rates Median FOMC Projections Average Cutting Cycle 6% 5% 4% 3% 2% 1% 0% Dec-22 CPI Inflation 6.5%Dec-23 Aug-24 CPI Inflation CPI Inflation 3.4% 2.5% Dec-21 CPI Inflation 7.0% 2021 2022 2023 2024 2025 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Average Cutting Cycle represents the average change in the Fed Funds Rate for the first 10 months of a cutting cycle back to 1988. Market Implied Fed Funds as of September 30, 2024. Bloomberg Finance L.P. CPI inflation and Nonfarm payrolls from Bureau of Labor Statistics and Bloomberg Finance L.P. 6© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update U.S. Treasury Yields Fall as the Yield Curve Begins to Disinvert U.S. Treasury Yield Curve 6.00% 5.50% 5.00% 4.64% 4.50% 4.10% 4.00% 3.76% 3.63% 3.53%1 Year Range 3.50% 3.00% 3.60% September 30, 2024 June 30, 2024 3mo 2yr 5yr 7yr 10yr 20yr 30yr Maturity Source: Bloomberg Finance L.P., as of September 30, 2024 7© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update Sector Yield Spreads Corporate Notes A-AAA Yield SpreadsFederal Agency Yield Spreads 0.9%0.2% 0.1% 0.0% -0.1% Bullet Callable 1 Year Average 1-5 Yr. AAA-A Corp 1 Year Average 0.7% 0.5% 0.3% 63 bps 3 bps Jun-24 Jul-24 Aug-24 Sep-24Jun-24 Jul-24 Aug-24 Sep-24 Asset-Backed Securities AAA Yield SpreadsMortgage-Backed Securities Yield Spreads 0.9% 0.7% 0.5% AAA ABS 1 Year Average0.7% 0.5% 0.3% Agency MBS Agency CMBS Index 1 Year Average 53 bps 66 bps Jun-24 Jul-24 Aug-24 Sep-24Jun-24 Jul-24 Aug-24 Sep-24 Source: ICE BofA 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of September 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 September 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 has begun its easing cycle with a 50 basis point (bp) cut. The FOMC’s September median “dot plot” projection suggests an additional 50 bps in rate cuts by the end of the year “if the economy performs as expected”. The projections also calls for an additional full percentage point of cuts in 2025. • U.S. economic growth remains strong reflecting a consumer who continues to spend at elevated levels. • Inflation continues its trend lower but has been buoyed by stubborn housing costs. • The broad-based inflation cooling helped fuel the Fed’s decision to cut by 50 bps but policy makers note they are not declaring victory on price stability. • Economic growth outside the U.S. remains mixed. • China has moved forward with a package of stimulus measures aimed to boost growth. The country remains poised to take additional swift action should it be deemed necessary.• The global easing cycle is underway with nearly all major central banks (excluding the Bank of Japan) completing multiple rate cuts. Financial Conditions (U.S.):Consumer Spending (U.S.):Labor Markets: • The continuation of stable market measures, such as narrow corporate yield spreads, record equity index levels and low volatility, reflect economic confidence. • The consumer continues to spend and support economic strength. Upward revisions to the personal savings rate paint the consumer in better light than previously thought but the trend of consumers dipping into savings continues. • The labor market continues to moderate from extremely strong levels seen in prior quarters. The recent downward revisions to nonfarm payrolls through March 2024 further emphasized the cooling.• We remain focused on the cooling labor market and effects this might have on the consumer as potential catalysts for a broader slow down, but that is not our base case expectation. • Moderation in the pace of overall spending is expected given slowing wage growth and cooling labor market conditions. • Other labor metrics remain well positioned such as the layoffs and discharge rate pointing towards moderation rather than deterioration. 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 (9/30/2024) 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. 9© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Market Update Fixed-Income Sector Outlook – 4Q 2024 Sector Our Investment Preferences C O M M E R C I A L P A P E R / C D T R E A S U R I E S T-Bill T-Note F E D E R A L A G E N C I E S Bullets Callables S U P R A N 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 10© PFM Asset Management LLC | pfmam.com Portfolio Review © PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Snapshot Portfolio Snapshot¹ Portfolio Statistics Sector Allocation Total Market Value Managed Account Sub-Total Accrued Interest $54,426,229.11 $53,657,307.94 $298,370.69 $470,550.48 U.S. Treasury | 41% Corporate | 24%Pool Agency CMBS | 17% ABS | 10% Federal Agency | 4% Municipal | 2% Negotiable CD | 2% JointPowers Authority | 1% Portfolio Effective Duration Benchmark Effective Duration Yield At Cost 2.48 years 2.53 years 3.98% Yield At Market 3.85% Portfolio Credit Quality AA Credit Quality - S&P Duration Distribution Portfolio Benchmark 36% AAA | 10% AAAm | 1% AA+ | 63% AA| 4% AA- | 5% A-1+ | 1% A+ | 5% A| 5% A- | 5% BBB+ | 1% Not Rated | 2% 40% 30% 20% 10% 0% 35%34% 26% 23% 13%12%12% 4%3% 0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs 1. Total market value includes accrued interest and balances invested in CAMP, as of September 30, 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 Financial LP. 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 September 30, 2024 CITY OF LAKE ELSINORE Sector Analytics Sector Allocation Analytics U.S. Treasury I $22,385,957 Agency I $2,199,641 41.1% 4.0% Agency CMBS I $8,960,611 Municipal I $1,217,867 Corporate I $12,949,916 Negotiable CD I $949,086 Asset-Backed I $5,292,600 CAMP I $470,550 16.5% 2.2% 23.8% 1.7% 0.9% 9.7% 0%10%20%30%40%50%60%70%80%90%100% Sector Limit for Analysis*Portfolio Allocation For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 12© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Compliance Certificate of Compliance During the reporting period for the quarter ended September 30, 2024, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM. Acknowledged : PFM Asset Management LLC Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM"). 13© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Portfolio Activity Net Activity by Sector ($ millions) Sector Net Activity $894,132 $447,083 ($161,650) ($374,825) ($728,051) $76,689 Agency CMBS CorporateAgency CMBS Corporate Municipal ABS Municipal ABS U.S. Treasury Total Net Activity U.S. Treasury ($4.0)($2.0)$0.0 $2.0 $4.0 Sales/Maturities Purchases Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding. 14© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Characteristics Historical Sector Allocation 1% 11%10% 23% 2% 24% 2%3%2% 15%17% 4%4% 43%41% 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 September 30, 2024 CITY OF LAKE ELSINORE Portfolio Performance Portfolio Performance Portfolio Benchmark 8.0% 6.0% 4.0% 2.0% 0.0%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 $436,831 $1,362,587 $1,799,418 $1,574,076 $2,414,116 $3,988,192 $2,837,046 ($115,586) $2,721,460 $4,024,032 $203,919 $6,891,233 $838,439 $4,227,951 $7,729,672 Portfolio 3.42% 3.39% 0.03% 7.90% 7.44% 0.46% 1.06% 0.76% 0.30% 1.58% 1.28% 0.30% 1.78% 1.49% 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 Financial LP. 16© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Performance Accrual Basis Earnings - CAMP-LAKE ELSINORE CITY FUNDS Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned²$436,831 ($21,014) $87,346 $1,574,076 ($448,383) $379,468 $2,837,046 ($1,122,630) $700,209 $4,024,032 ($284,677) $615,956 $6,891,233 ($436,504) $555,860 Realized Gains / (Losses)³ Change in Amortized Cost Total Earnings $503,164 $1,505,160 $2,414,625 $4,355,312 $7,010,589 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 Issuer Distribution © PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 24.0%41.5%Corporate United States Treasury 41.5%AA / Aaa / AA Apple Inc 1.4% 0.8% 0.8% 0.3% 0.9% 1.5% 0.7% 0.4% 0.6% 0.1% 0.8% 1.5% 0.7% 0.4% 0.8% 0.7% 0.4% 0.3% 0.1% 1.4% 1.0% 1.4% 0.7% 0.3% 0.8% 0.1% AA / Aaa / NR A / A / AA A / Aa / AA A / A / NR AA / Aa / A AA / Aa / NR A / A / NR A / A / A Federal Agency 4.1%Bank of America Corp Bank of New York Mellon Corp Bayerische Motoren Werke AG Berkshire Hathaway Inc BlackRock Inc Federal Home Loan Banks Federal Home Loan Mortgage Corp Federal National Mortgage Association Agency CMBS 0.3% 2.0% 1.8% 16.6% AA / Aaa / NR AA / Aaa / AA AA / Aaa / AA Bristol-Myers Squibb Co Caterpillar Inc Federal Home Loan Mortgage Corp Federal National Mortgage Association Municipal 15.6% 1.0% 2.3% AA / Aaa / AA AA / Aaa / AA Charles Schwab Corp Cintas Corp A / A / A A / A / NR AA / A / NR A / Aa / A A / A / A California State University New York State Urban Development Corp San Juan Unified School District State Board of Administration Finance C State of California 0.2% 0.6% 0.2% 0.6% 0.4% 0.2% 0.2% 1.8% AA / Aa / NR NR / NR / AA NR / Aa / NR AA / Aa / AA AA / Aa / AA AAA / Aaa / AAA AA / Aa / AA Cisco Systems Inc Citigroup Inc Deere & Co General Dynamics Corp Home Depot Inc A / A / NR A / A / A State of Minnesota Honda Motor Co Ltd International Business Machines Corp JPMorgan Chase & Co Lockheed Martin Corp Microsoft Corp A / A / NR A / A / AUniversity of California Board of Regen Negotiable CD A / A / AA A / A / ANordea Bank Abp Toronto-Dominion Bank Corporate 0.9% 0.9% AA / Aa / AA A / A / NR AAA / Aaa / NR A / Aa / AA AA / Aa / NR A / A / A 24.0%Morgan Stanley Abbott Laboratories Adobe Inc 0.4% 0.7% 0.6% 0.9% 0.7% AA / Aa / NR A / A / NR National Australia Bank Ltd National Rural Utilities Cooperative Fi PACCAR IncAir Products and Chemicals Inc Amazon.com Inc A / A / NR A / A / NR AA / Aa / AA A / A / A AA / A / AA BBB / A / A Roche Holding AG Target CorpAmerican Express Co Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds. 18© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Summary Issuer Diversification Security Type / Issuer Corporate Market Value (%) S&P / Moody's / Fitch 24.0% Texas Instruments Inc Toyota Motor Corp 0.2% 0.7% 0.4% 0.4% 9.8% A / Aa / NR A / A / A United Services Automobile Association UnitedHealth Group Inc ABS AA / Aa / NR A / A / A American Express Co 2.1% 0.7% 1.4% 0.3% 1.3% 0.7% 0.2% 0.5% 0.3% 0.8% 0.0% 0.8% 0.3% 0.5% 100.0% AAA / NR / AAA AAA / Aaa / AAA AAA / NR / AAA AAA / NR / AAA AAA / Aaa / AAA AAA / Aaa / NR AAA / NR / AAA AAA / Aaa / AAA NR / Aaa / AAA AAA / Aaa / AAA AAA / NR / AAA AAA / NR / AAA AAA / Aaa / NR AAA / NR / AAA BA Credit Card Trust Capital One Financial Corp CarMax Inc Discover Card Execution Note Trust Fifth Third Auto Trust Ford Credit Auto Owner Trust GM Financial Consumer Automobile Receiv Harley-Davidson Inc Honda Auto Receivables Owner Trust Hyundai Auto Receivables Trust JPMorgan Chase & Co Nissan Auto Receivables Owner Trust Toyota Auto Receivables Owner Trust Total Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds. 19© PFM Asset Management LLC | pfmam.com Portfolio Transactions © PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 ($)CUSIP Security Description Coupon BUY 7/1/2024 7/16/2024 7/18/2024 8/1/2024 8/7/2024 9/3/2024 9/4/2024 7/3/2024 7/25/2024 7/19/2024 8/5/2024 8/15/2024 9/5/2024 9/6/2024 225,000.00 440,000.00 525,000.00 1,300,000.00 495,000.00 400,000.00 1,275,000.00 4,660,000.00 91282CCH2 3137HDV56 61690U8E3 91282CCH2 3137HDXL9 02665WFQ9 91282CCH2 US TREASURY N/B 1.25% 4.72% 4.96% 1.25% 4.54% 4.40% 1.25% 6/30/2028 5/1/2029 7/14/2028 6/30/2028 7/1/2029 9/5/2029 6/30/2028 198,664.53 444,086.57 525,525.00 1,175,550.61 500,504.76 399,520.00 1,172,309.23 4,416,160.70 4.49% 4.58% 4.94% 3.96% 4.33% 4.43% 3.59% FHMS K524 A2 MORGAN STANLEY BANK NA (CALLABLE) US TREASURY N/B FHMS K526 A2 AMERICAN HONDA FINANCE US TREASURY N/B Total BUY INTEREST 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 0.00 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 180,000.00 500,000.00 550,000.00 275,000.00 374,996.09 550,000.00 800,000.00 550,000.00 3137HB3D4 3137HAMS2 3136BQDE6 3137BNGT5 3137BTUM1 3137HACX2 3137HAMH6 3137HDJJ0 FHMS K510 A2 FHMS K507 A2 FNA 2023-M6 A2 FHMS K054 A2 FHMS K061 A2 FHMS K505 A2 FHMS K506 A2 FHMS K522 A2 5.06% 4.80% 4.18% 2.74% 3.34% 4.81% 4.65% 4.80% 10/1/2028 9/1/2028 7/1/2028 1/1/2026 11/1/2026 6/1/2028 8/1/2028 5/1/2029 760.35 2,000.00 1,920.42 629.06 1,045.93 2,208.71 3,100.00 2,201.38 20© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/8/2024 7/12/2024 7/14/2024 7/15/2024 7/15/2024 7/15/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/1/2024 550,000.00 550,000.00 396,745.88 275,000.00 550,000.00 290,000.00 375,000.00 500,000.00 437,290.60 243,868.94 310,000.00 225,000.00 375,000.00 375,000.00 192,683.47 40,000.00 3137F1G44 3137BXQY1 3137HBC69 3137HB3G7 3137BSP72 3137HBLV4 3137HAST4 3137HAQ74 3137HAD45 3137BGK24 341271AD6 14913R2U0 89236TKQ7 24422EXB0 14318MAD1 87612EBM7 161571HT4 FHMS K065 A2 3.24% 3.22% 4.85% 4.86% 2.65% 4.57% 4.85% 4.74% 4.77% 3.06% 1.25% 1.70% 4.62% 4.95% 3.97% 1.95% 5.16% 4/1/2027 3/1/2027 5/1/2028 10/1/2028 8/1/2026 12/1/2028 9/1/2028 8/1/2028 6/1/2028 12/1/2024 7/1/2025 1/8/2027 1/12/2028 7/14/2028 4/15/2027 1/15/2027 9/15/2028 1,486.38 1,477.67 1,606.16 1,113.75 1,215.96 1,104.90 1,515.63 1,975.00 1,740.78 622.27 FHMS K064 A2 FHMS KJ48 A1 FHMS K511 A2 FHMS K058 A2 FHMS K514 A2 FHMS K509 A2 FHMS K508 A2 FHMS KJ46 A1 FHMS K043 A2 FLORIDA ST BRD OF ADM CATERPILLAR FINL SERVICE TOYOTA MOTOR CREDIT CORP JOHN DEERE CAPITAL CORP CARMX 2022-3 A3 TARGET CORP (CALLABLE) CHAIT 2023-A1 A 1,949.90 1,912.50 8,671.88 9,281.25 637.46 7/8/2024 7/12/2024 7/14/2024 7/15/2024 7/15/2024 7/15/2024 390.00 405,000.00 1,741.50 21© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 180,000.00 495,000.00 320,000.00 170,000.00 350,000.00 195,000.00 18,597.95 30,240.83 245,000.00 490,000.00 350,000.00 56,309.69 52,903.10 130,000.00 2,412.88 05522RDH8 02582JKH2 254683CY9 41285JAD0 254683CZ6 254683CP8 14314QAC8 44935FAD6 14041NGB1 14041NGD7 31680EAD3 65480BAC1 89190GAC1 344928AD8 44933LAC7 05522RDG0 02582JKD1 BACCT 2023-A2 A2 AMXCA 2024-1 A DCENT 2023-A1 A HDMOT 2023-A A3 DCENT 2023-A2 A DCENT 2021-A1 A1 CARMX 2021-2 A3 HART 2021-C A3 COMET 2022-A3 A COMET 2023-A1 A FITAT 2023-1 A3 NAROT 2021-A A3 TAOT 2021-B A3 FORDO 2023-A A3 HART 2021-A A3 BACCT 2023-A1 A1 AMXCA 2023-3 A 4.98% 5.23% 4.31% 5.05% 4.93% 0.58% 0.52% 0.74% 4.95% 4.42% 5.53% 0.33% 0.26% 4.65% 0.38% 4.79% 5.23% 11/15/2028 4/16/2029 3/15/2028 12/15/2027 6/15/2028 9/15/2026 2/17/2026 5/15/2026 10/15/2027 5/15/2028 8/15/2028 10/15/2025 11/17/2025 2/15/2028 9/15/2025 5/15/2028 9/15/2028 747.00 2,157.37 1,149.33 715.42 1,437.92 94.25 8.06 18.65 1,010.63 1,804.83 1,612.92 15.49 11.46 503.75 0.76 170,000.00 410,000.00 678.58 1,786.92 22© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 7/15/2024 7/15/2024 7/15/2024 7/16/2024 7/16/2024 7/18/2024 7/21/2024 7/21/2024 7/21/2024 7/26/2024 7/27/2024 7/31/2024 8/1/2024 7/15/2024 7/15/2024 7/15/2024 7/16/2024 7/16/2024 7/18/2024 7/21/2024 7/21/2024 7/21/2024 7/26/2024 7/27/2024 7/31/2024 8/1/2024 190,000.00 140,000.00 245,000.00 275,000.00 38,017.70 02582JJZ4 65480JAC4 891940AC2 36265QAD8 362554AC1 43815QAC1 43815GAC3 438123AC5 3137EAEU9 06406RBA4 459200KS9 91282CFB2 60412AK85 06051GFS3 798306WP7 3137HAQ74 3137BNGT5 AMXCA 2023-1 A 4.87% 4.46% 4.63% 4.82% 0.68% 5.41% 0.88% 5.67% 0.37% 2.05% 4.00% 2.75% 0.63% 3.87% 0.85% 4.74% 2.74% 5/15/2028 5/17/2027 9/15/2027 8/16/2027 9/16/2026 2/18/2028 1/21/2026 6/21/2028 7/21/2025 1/26/2027 7/27/2025 7/31/2027 8/1/2025 771.08 NAROT 2022-B A3 TAOT 2023-A A3 520.33 945.29 GMCAR 2022-4 A3 GMCAR 2021-4 A3 HAROT 2023-3 A3 1,104.58 21.54 320,000.00 39,957.53 1,442.67 29.30HAROT 2021-4 A3 85,000.00 HAROT 2023-4 A3 401.63 425,000.00 475,000.00 225,000.00 2,200,000.00 100,000.00 225,000.00 130,000.00 500,000.00 275,000.00 FREDDIE MAC 796.88 BANK OF NY MELLON CORP (CALLABLE) IBM CORP 4,868.75 4,500.00 30,250.00 315.00 US TREASURY N/B MINNESOTA ST-F-UNREF BANK OF AMERICA CORP SAN JUAN CA UNIF SCH FHMS K508 A2 8/1/2024 8/1/2024 8/1/2025 4,359.38 553.808/1/2024 8/1/2024 8/1/2025 8/1/2024 8/25/2024 8/25/2024 8/1/2028 1,975.00 629.068/1/2024 FHMS K054 A2 1/1/2026 23© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 550,000.00 800,000.00 180,000.00 290,000.00 550,000.00 3137HACX2 3137HAMH6 3137HB3D4 3137HBLV4 3136BQDE6 3137HDV56 3137HB3G7 3137HAD45 3137HBC69 3137F1G44 3137BSP72 3137HAST4 3137BXQY1 3137HAMS2 3137HDJJ0 3137BTUM1 3137BGK24 FHMS K505 A2 FHMS K506 A2 FHMS K510 A2 FHMS K514 A2 FNA 2023-M6 A2 FHMS K524 A2 FHMS K511 A2 FHMS KJ46 A1 FHMS KJ48 A1 FHMS K065 A2 FHMS K058 A2 FHMS K509 A2 FHMS K064 A2 FHMS K507 A2 FHMS K522 A2 FHMS K061 A2 FHMS K043 A2 4.81% 4.65% 5.06% 4.57% 4.18% 4.72% 4.86% 4.77% 4.85% 3.24% 2.65% 4.85% 3.22% 4.80% 4.80% 3.34% 3.06% 6/1/2028 8/1/2028 10/1/2028 12/1/2028 7/1/2028 5/1/2029 10/1/2028 6/1/2028 5/1/2028 4/1/2027 8/1/2026 9/1/2028 3/1/2027 9/1/2028 5/1/2029 11/1/2026 12/1/2024 2,208.71 3,100.00 760.35 1,104.90 1,920.42 1,730.67 1,113.75 1,739.65 1,603.18 1,486.38 1,215.96 1,515.63 1,477.67 2,000.00 2,201.38 1,043.80 621.15 275,000.00 437,007.09 396,010.63 550,000.00 550,000.00 375,000.00 550,000.00 500,000.00 550,000.00 374,232.24 243,429.67 24© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 8/6/2024 8/6/2024 750,000.00 175,000.00 350,000.00 340,000.00 175,000.00 41,837.50 26,433.00 245,000.00 195,000.00 14,680.52 85,000.00 140,000.00 170,000.00 190,000.00 405,000.00 350,000.00 130,000.00 594918BY9 69371RQ66 637432NP6 009158BH8 05565EBW4 89190GAC1 44935FAD6 14041NGB1 254683CP8 14314QAC8 882508BV5 65480JAC4 05522RDG0 02582JJZ4 161571HT4 31680EAD3 344928AD8 MICROSOFT CORP (CALLABLE) PACCAR FINANCIAL CORP NATIONAL RURAL UTIL COOP (CALLABLE) AIR PRODUCTS & CHEMICALS (CALLABLE) BMW US CAPITAL LLC (CALLABLE) TAOT 2021-B A3 3.30% 1.80% 3.40% 4.60% 1.25% 0.26% 0.74% 4.95% 0.58% 0.52% 4.60% 4.46% 4.79% 4.87% 5.16% 5.53% 4.65% 2/6/2027 12,375.00 1,575.00 5,950.00 7,820.00 1,093.75 9.06 8/6/2024 8/6/2024 2/6/2025 8/7/2024 8/7/2024 2/7/2028 8/8/2024 8/8/2024 2/8/2029 8/12/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/12/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/12/2026 11/17/2025 5/15/2026 10/15/2027 9/15/2026 2/17/2026 2/15/2028 5/17/2027 5/15/2028 5/15/2028 9/15/2028 8/15/2028 2/15/2028 HART 2021-C A3 16.30 COMET 2022-A3 A 1,010.63 94.25DCENT 2021-A1 A1 CARMX 2021-2 A3 6.36 TEXAS INSTRUMENTS INC (CALLABLE) NAROT 2022-B A3 1,955.00 520.33 678.58 771.08 1,741.50 1,612.92 503.75 BACCT 2023-A1 A1 AMXCA 2023-1 A CHAIT 2023-A1 A FITAT 2023-1 A3 FORDO 2023-A A3 25© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/16/2024 8/16/2024 8/18/2024 8/20/2024 8/21/2024 8/21/2024 8/24/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/16/2024 8/16/2024 8/18/2024 8/20/2024 8/21/2024 8/21/2024 8/24/2024 45,158.46 320,000.00 245,000.00 350,000.00 495,000.00 170,000.00 490,000.00 181,875.52 410,000.00 180,000.00 275,000.00 34,572.96 65480BAC1 254683CY9 891940AC2 254683CZ6 02582JKH2 41285JAD0 14041NGD7 14318MAD1 02582JKD1 05522RDH8 36265QAD8 362554AC1 43815QAC1 110122DE5 438123AC5 43815GAC3 46647PCV6 NAROT 2021-A A3 0.33% 4.31% 4.63% 4.93% 5.23% 5.05% 4.42% 3.97% 5.23% 4.98% 4.82% 0.68% 5.41% 3.90% 5.67% 0.88% 2.59% 10/15/2025 3/15/2028 9/15/2027 6/15/2028 4/16/2029 12/15/2027 5/15/2028 4/15/2027 9/15/2028 11/15/2028 8/16/2027 9/16/2026 2/18/2028 2/20/2028 6/21/2028 1/21/2026 2/24/2026 12.42 DCENT 2023-A1 A 1,149.33 945.29TAOT 2023-A A3 DCENT 2023-A2 A 1,437.92 2,157.38 715.42 AMXCA 2024-1 A HDMOT 2023-A A3 COMET 2023-A1 A 1,804.83 601.70CARMX 2022-3 A3 AMXCA 2023-3 A 1,786.92 747.00BACCT 2023-A2 A2 GMCAR 2022-4 A3 1,104.58 19.59GMCAR 2021-4 A3 320,000.00 375,000.00 85,000.00 HAROT 2023-3 A3 1,442.67 7,312.50 401.63 BRISTOL-MYERS SQUIBB CO (CALLABLE) HAROT 2023-4 A3 35,727.02 HAROT 2021-4 A3 26.20 175,000.00 JPMORGAN CHASE & CO (CALLABLE)2,270.63 26© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 8/25/2024 8/26/2024 8/31/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 8/25/2024 8/26/2024 8/31/2024 9/1/2024 350,000.00 420,000.00 3135G05X7 17275RBR2 91282CGP0 13063D3N6 3137HB3G7 3137HB3D4 3137BGK24 3137HDJJ0 3137BNGT5 3137BXQY1 3137BTUM1 3137HAMH6 3137HAST4 3137HAD45 3137HACX2 3137HBC69 3137HDV56 FANNIE MAE 0.37% 4.85% 4.00% 4.84% 4.86% 5.06% 3.06% 4.80% 2.74% 3.22% 3.34% 4.65% 4.85% 4.77% 4.81% 4.85% 4.72% 8/25/2025 2/26/2029 2/29/2028 3/1/2027 10/1/2028 10/1/2028 12/1/2024 5/1/2029 1/1/2026 3/1/2027 11/1/2026 8/1/2028 9/1/2028 6/1/2028 6/1/2028 5/1/2028 5/1/2029 656.25 CISCO SYSTEMS INC (CALLABLE) US TREASURY N/B CA ST 10,185.00 96,000.00 4,846.00 1,113.75 760.35 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 FHMS K511 A2 FHMS K510 A2 FHMS K043 A2 FHMS K522 A2 FHMS K054 A2 FHMS K064 A2 FHMS K061 A2 FHMS K506 A2 FHMS K509 A2 FHMS KJ46 A1 FHMS K505 A2 FHMS KJ48 A1 FHMS K524 A2 612.57 2,201.38 629.06 1,477.67 1,041.78 3,100.00 1,515.63 1,738.54 2,208.71 1,600.61 1,730.67 27© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/1/2024 9/4/2024 9/4/2024 9/4/2024 9/10/2024 9/12/2024 9/14/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/4/2024 3137HAQ74 3137HDXL9 3136BQDE6 3137F1G44 3137BSP72 3137HAMS2 3137HBLV4 025816CQ0 3130AK5E2 025816CS6 771196BT8 037833DB3 09290DAA9 65480BAC1 05522RDH8 254683CZ6 05522RDG0 FHMS K508 A2 4.74% 4.54% 4.18% 3.24% 2.65% 4.80% 4.57% 2.25% 0.37% 2.55% 2.13% 2.90% 4.70% 0.33% 4.98% 4.93% 4.79% 8/1/2028 7/1/2029 7/1/2028 4/1/2027 8/1/2026 9/1/2028 12/1/2028 3/4/2025 9/4/2025 3/4/2027 3/10/2025 9/12/2027 3/14/2029 10/15/2025 11/15/2028 6/15/2028 5/15/2028 1,975.00 1,873.99 1,920.42 1,486.38 1,215.96 2,000.00 1,104.90 900.00 FHMS K526 A2 FNA 2023-M6 A2 FHMS K065 A2 FHMS K058 A2 FHMS K507 A2 FHMS K514 A2 AMERICAN EXPRESS CO (CALLABLE) FEDERAL HOME LOAN BANK AMERICAN EXPRESS CO (CALLABLE) ROCHE HOLDINGS INC (CALLABLE) APPLE INC (CALLABLE) BLACKROCK FUNDING INC (CALLABLE) NAROT 2021-A A3 9/4/2024 281.25 9/4/2024 3,825.00 4,370.60 11,237.50 18,212.50 9.16 9/10/2024 9/12/2024 9/14/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 BACCT 2023-A2 A2 747.00 DCENT 2023-A2 A 1,437.92 678.58BACCT 2023-A1 A1 28© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 31680EAD3 44935FAD6 02582JKH2 891940AC2 161571HT4 41285JAD0 89190GAC1 254683CY9 084664CZ2 344928AD8 02582JKD1 02582JJZ4 14318MAD1 002824BM1 14041NGD7 65480JAC4 14314QAC8 FITAT 2023-1 A3 5.53% 0.74% 5.23% 4.63% 5.16% 5.05% 0.26% 4.31% 2.30% 4.65% 5.23% 4.87% 3.97% 3.87% 4.42% 4.46% 0.52% 8/15/2028 5/15/2026 4/16/2029 9/15/2027 9/15/2028 12/15/2027 11/17/2025 3/15/2028 3/15/2027 2/15/2028 9/15/2028 5/15/2028 4/15/2027 9/15/2025 5/15/2028 5/17/2027 2/17/2026 1,612.92 13.97HART 2021-C A3 AMXCA 2024-1 A 2,157.38 945.29 1,741.50 715.42 6.58 TAOT 2023-A A3 CHAIT 2023-A1 A HDMOT 2023-A A3 TAOT 2021-B A3 DCENT 2023-A1 A 1,149.33 5,462.50 503.75 1,786.92 771.08 565.34 4,359.38 1,804.83 507.21 4.70 BERKSHIRE HATHAWAY FIN (CALLABLE) FORDO 2023-A A3 AMXCA 2023-3 A AMXCA 2023-1 A CARMX 2022-3 A3 ABBOTT LABORATORIES (CALLABLE) COMET 2023-A1 A NAROT 2022-B A3 CARMX 2021-2 A3 29© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon INTEREST 9/15/2024 9/15/2024 9/15/2024 9/16/2024 9/16/2024 9/18/2024 9/21/2024 9/21/2024 9/23/2024 9/29/2024 9/15/2024 9/15/2024 9/15/2024 9/16/2024 9/16/2024 9/18/2024 9/21/2024 9/21/2024 9/23/2024 9/29/2024 650036DT0 14041NGB1 254683CP8 362554AC1 36265QAD8 43815QAC1 438123AC5 43815GAC3 3137EAEX3 17325FBB3 NY ST URBAN DEV-F-1 COMET 2022-A3 A DCENT 2021-A1 A1 GMCAR 2021-4 A3 GMCAR 2022-4 A3 HAROT 2023-3 A3 HAROT 2023-4 A3 HAROT 2021-4 A3 FREDDIE MAC 0.87% 4.95% 0.58% 0.68% 4.82% 5.41% 5.67% 0.88% 0.37% 5.80% 3/15/2025 10/15/2027 9/15/2026 9/16/2026 8/16/2027 2/18/2028 6/21/2028 1/21/2026 9/23/2025 9/29/2028 1,413.75 1,010.63 94.25 17.61 1,090.53 1,442.67 401.63 22.99 1,312.50 21,761.25 445,429.63 CITIBANK NA (CALLABLE) Total INTEREST MATURITY 35,334,989.27 0.00 7/1/2024 7/8/2024 8/1/2024 8/12/2024 7/1/2024 60,000.00 400,000.00 100,000.00 70,000.00 630,000.00 20772KJW0 38141EC23 157411TK5 05565EBU8 CT ST TXBL GO BONDS 1.99% 3.85% 2.10% 0.75% 7/1/2024 7/8/2024 8/1/2024 8/12/2024 60,599.40 407,700.00 101,050.50 70,262.50 639,612.40 7/8/2024 8/1/2024 8/12/2024 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS CHAFFEY UHSD, CA TXBL GO BONDS BMW US CAPITAL LLC CORPORATE NOTES Total MATURITY 0.00 30© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 7/1/2024 7/1/2024 7/1/2024 7/1/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/16/2024 7/21/2024 8/1/2024 8/1/2024 8/1/2024 8/1/2024 8/15/2024 7/25/2024 7/25/2024 7/25/2024 7/25/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/15/2024 7/16/2024 7/21/2024 8/25/2024 8/25/2024 8/25/2024 8/25/2024 8/15/2024 763.85 3137BTUM1 3137HAD45 3137HBC69 3137BGK24 89190GAC1 14318MAD1 65480BAC1 44933LAC7 14314QAC8 44935FAD6 362554AC1 43815GAC3 3137BGK24 3137HBC69 3137BTUM1 3137HAD45 65480JAC4 FHMS K061 A2 FHMS KJ46 A1 3.34% 4.77% 4.85% 3.06% 0.26% 3.97% 0.33% 0.38% 0.52% 0.74% 0.68% 0.88% 3.06% 4.85% 3.34% 4.77% 4.46% 11/1/2026 6/1/2028 763.85 283.51 735.25 283.51 735.25FHMS KJ48 A1 5/1/2028 439.27 FHMS K043 A2 TAOT 2021-B A3 CARMX 2022-3 A3 NAROT 2021-A A3 HART 2021-A A3 CARMX 2021-2 A3 HART 2021-C A3 GMCAR 2021-4 A3 HAROT 2021-4 A3 FHMS K043 A2 FHMS KJ48 A1 12/1/2024 11/17/2025 4/15/2027 10/15/2025 9/15/2025 2/17/2026 5/15/2026 9/16/2026 1/21/2026 12/1/2024 5/1/2028 439.27 11,065.60 10,807.95 11,151.23 2,412.88 3,917.43 3,807.83 3,444.74 4,230.51 3,361.52 635.22 11,065.60 10,807.95 11,151.23 2,412.88 3,917.43 3,807.83 3,444.74 4,230.51 3,361.52 635.22 -14.02 721.55 FHMS K061 A2 FHMS KJ46 A1 11/1/2026 6/1/2028 721.55 278.50 278.50 3,530.57 NAROT 2022-B A3 5/17/2027 3,530.57 31© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/16/2024 8/16/2024 8/21/2024 9/1/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/15/2024 8/16/2024 8/16/2024 8/21/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/25/2024 9/15/2024 9/15/2024 9/15/2024 9/15/2024 3,832.63 14314QAC8 14318MAD1 44935FAD6 65480BAC1 89190GAC1 36265QAD8 362554AC1 43815GAC3 3137BTUM1 3137HBC69 3137BGK24 3136BQDE6 3137HAD45 65480JAC4 14314QAC8 254683CP8 14318MAD1 CARMX 2021-2 A3 CARMX 2022-3 A3 HART 2021-C A3 NAROT 2021-A A3 TAOT 2021-B A3 GMCAR 2022-4 A3 GMCAR 2021-4 A3 HAROT 2021-4 A3 FHMS K061 A2 0.52% 3.97% 0.74% 0.33% 0.26% 4.82% 0.68% 0.88% 3.34% 4.85% 3.06% 4.18% 4.77% 4.46% 0.52% 0.58% 3.97% 2/17/2026 4/15/2027 5/15/2026 10/15/2025 11/17/2025 8/16/2027 9/16/2026 1/21/2026 11/1/2026 5/1/2028 3,832.63 10,991.08 3,783.02 11,839.30 11,483.78 3,497.73 3,503.08 4,381.43 723.97 10,991.08 3,783.02 11,839.30 11,483.78 3,497.73 3,503.08 4,381.43 723.97 14.21 9/1/2024 761.56 FHMS KJ48 A1 761.56 9/1/2024 17,031.27 24,443.39 280.00 FHMS K043 A2 12/1/2024 7/1/2028 17,031.27 24,443.39 280.00 -56.24 324.31 0.01 9/1/2024 FNA 2023-M6 A2 FHMS KJ46 A19/1/2024 6/1/2028 9/15/2024 9/15/2024 9/15/2024 9/15/2024 8,309.31 3,838.24 195,000.00 11,706.79 NAROT 2022-B A3 CARMX 2021-2 A3 DCENT 2021-A1 A1 CARMX 2022-3 A3 5/17/2027 2/17/2026 9/15/2026 4/15/2027 8,309.31 3,838.24 195,000.00 11,706.79 1.00 0.24 16.81 0.15 32© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 30, 2024 CITY OF LAKE ELSINORE Portfolio Activity Quarterly Portfolio Transactions Trade Date Settle Date Maturity Date Transact Amount ($) Yield at Market Realized G/L (BV)Par ($)CUSIP Security Description Coupon PAYDOWNS 9/15/2024 9/15/2024 9/15/2024 9/16/2024 9/16/2024 9/21/2024 9/15/2024 9/15/2024 9/15/2024 9/16/2024 9/16/2024 9/21/2024 3,836.75 44935FAD6 89190GAC1 65480BAC1 36265QAD8 362554AC1 43815GAC3 HART 2021-C A3 TAOT 2021-B A3 NAROT 2021-A A3 GMCAR 2022-4 A3 GMCAR 2021-4 A3 HAROT 2021-4 A3 0.74% 0.26% 0.33% 4.82% 0.68% 0.88% 5/15/2026 11/17/2025 10/15/2025 8/16/2027 9/16/2026 1/21/2026 3,836.75 10,869.09 11,335.66 14,703.69 3,355.67 0.31 10,869.09 11,335.66 14,703.69 3,355.67 0.32 0.05 1.45 0.04 4,188.78 4,188.78 0.28 Total PAYDOWNS SELL 425,283.63 425,283.63 288.92 7/1/2024 7/18/2024 8/1/2024 8/8/2024 8/15/2024 9/3/2024 9/4/2024 Total SELL 7/3/2024 50,000.00 450,000.00 1,100,000.00 350,000.00 50,000.00 912828YY0 912828U24 912828U24 912828U24 912828U24 912828U24 912828U24 US TREASURY N/B US TREASURY N/B US TREASURY N/B US TREASURY N/B US TREASURY N/B US TREASURY N/B US TREASURY N/B 1.75% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 12/31/2024 11/15/2026 11/15/2026 11/15/2026 11/15/2026 11/15/2026 11/15/2026 49,143.85 428,597.48 1,053,726.39 337,148.44 48,113.28 -1,250.89 -4,107.03 -11,385.37 -2,093.14 -349.80 7/19/2024 8/5/2024 8/15/2024 8/15/2024 9/5/2024 9/6/2024 175,000.00 1,225,000.00 3,400,000.00 169,375.51 1,188,470.53 3,274,575.48 -604.79 -1,511.40 -21,302.42 33© PFM Asset Management LLC | pfmam.com Portfolio Holdings © PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 N/B DTD 06/30/2020 0.250% 06/30/2025 912828ZW3 912828U24 91282CEN7 91282CFB2 91282CFB2 91282CFB2 91282CFB2 91282CFZ9 91282CFZ9 91282CGP0 91282CGP0 91282CGP0 91282CGP0 91282CCH2 91282CCH2 50,000.00 6,600,000.00 1,200,000.00 375,000.00 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 4/1/2021 4/5/2021 49,031.25 0.71 6,198,843.75 3.72 1,155,421.88 3.70 362,329.10 3.62 786,779.30 3.97 565,640.63 4.30 373,265.62 4.44 1,170,501.95 3.98 1,184,109.38 4.24 393,640.63 4.45 2,383,390.63 4.79 602,507.81 3.89 1,335,287.11 4.30 2,565,253.91 4.39 1,169,364.26 3.59 31.59 49,829.67 6,377,613.67 1,172,884.28 366,544.55 48,581.25 6,379,573.20 1,175,016.00 366,533.25 US TREASURY N/B DTD 11/15/2016 2.000% 11/15/2026 1/13/2023 1/17/2023 1/31/2023 2/3/2023 49,858.70 13,809.78 1,737.43 3,822.35 2,779.89 1,853.26 15,301.49 15,627.05 1,370.17 8,392.27 2,055.25 4,624.31 9,161.01 4,027.68 US TREASURY N/B DTD 05/02/2022 2.750% 04/30/2027 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 5/1/2023 6/2/2023 7/3/2023 3/2/2023 1/2/2024 5/5/2023 6/6/2023 7/7/2023 3/6/2023 1/5/2024 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 825,000.00 798,956.48 806,373.15 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 600,000.00 576,098.84 586,453.20 US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027 400,000.00 382,825.49 390,968.80 US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027 1,175,000.00 1,200,000.00 400,000.00 1,171,354.21 1,187,394.46 394,439.46 1,184,867.65 1,210,077.60 405,281.20 US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027 12/1/2023 12/5/2023 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 4/3/2024 5/1/2024 2/2/2024 3/1/2024 4/5/2024 5/6/2024 2/6/2024 3/6/2024 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 2,450,000.00 600,000.00 2,389,877.29 602,105.61 2,482,347.35 607,921.80US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028 1,350,000.00 2,900,000.00 1,275,000.00 1,337,400.51 2,588,515.87 1,171,125.25 1,367,824.05 2,663,354.20 1,170,957.45 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 6/6/2024 6/11/2024 US TREASURY N/B 9/4/2024 9/6/2024 DTD 06/30/2021 1.250% 06/30/2028 34© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 N/B DTD 06/30/2021 1.250% 06/30/2028 91282CCH2 91282CCH2 225,000.00 1,300,000.00 22,925,000.00 AA+ AA+ Aaa Aaa 7/1/2024 8/1/2024 7/3/2024 8/5/2024 198,641.60 4.49 1,173,960.94 3.96 21,667,969.75 4.06 710.77 200,133.76 1,178,622.09 21,945,721.49 206,639.55 1,193,917.40 22,246,687.10 US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028 4,106.66 139,269.66Security Type Sub-Total Negotiable CD TORONTO DOMINION BANK NY DTD 10/31/2022 5.600% 10/27/2025 89115B6K1 65558UYF3 450,000.00 450,000.00 900,000.00 A-A2 10/27/2022 10/31/2022 11/2/2022 11/3/2022 450,000.00 5.60 450,000.00 5.53 900,000.00 5.57 23,940.00 10,230.50 34,170.50 450,000.00 450,000.00 900,000.00 457,599.60 457,315.65 914,915.25 NORDEA BANK ABP NEW YORK DTD 11/03/2022 5.530% 11/03/2025 A-1+P-1 Security Type Sub-Total Municipal NY ST URBAN DEV-F-1 DTD 12/23/2020 0.870% 03/15/2025 650036DT0 91412HGE7 325,000.00 85,000.00 NR AA NR 12/16/2020 12/23/2020 7/10/2020 7/16/2020 325,000.00 0.87 85,000.00 0.88 125.67 283.54 325,000.00 85,000.00 319,537.40 83,215.26UNIV OF CALIFORNIA-BG (CALLABLE) Aa2 DTD 07/16/2020 0.883% 05/15/2025 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 341271AD6 341271AD6 341271AD6 798306WP7 60412AK85 13077DQD7 160,000.00 85,000.00 65,000.00 130,000.00 100,000.00 85,000.00 AA AA Aa3 Aa3 Aa3 9/3/2020 9/16/2020 9/3/2020 9/16/2020 9/3/2020 9/16/2020 160,000.00 1.26 85,563.55 1.12 65,459.55 1.11 130,000.00 0.85 100,000.00 0.63 85,000.00 0.86 503.20 267.33 204.43 184.60 105.00 305.29 160,000.00 85,088.21 65,071.93 130,000.00 100,000.00 85,000.00 156,179.36 82,970.29 63,447.87 126,212.06 97,177.00 81,980.46 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025 AA SAN JUAN CA UNIF SCH DTD 10/29/2020 0.852% 08/01/2025 NR AAA AA- Aa2 10/16/2020 10/29/2020 MINNESOTA ST-F-UNREF DTD 08/25/2020 0.630% 08/01/2025 Aaa Aa2 5/7/2024 5/7/2024 CALIFORNIA ST UNIV-B 7/9/2021 7/29/2021 DTD 07/29/2021 0.862% 11/01/2025 35© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 Municipal CA ST 13063D3N6 200,000.00 AA-Aa2 3/9/2023 3/15/2023 200,000.00 4.85 807.67 200,000.00 204,360.40 DTD 03/15/2023 4.846% 03/01/2027 Security Type Sub-Total 1,235,000.00 1,236,023.10 1.60 2,786.73 1,235,160.14 1,215,080.10 Joint Powers Authority CAMP Pool 470,550.48 AAAm NR 470,550.48 0.00 470,550.48 470,550.48 Security Type Sub-Total Federal Agency 470,550.48 470,550.48 0.00 470,550.48 470,550.48 FREDDIE MAC 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 0.49 309.90 131.25 42.19 424,658.63 349,704.83 149,916.42 699,587.51 649,486.63 2,273,354.02 412,794.85 338,664.55 145,061.40 675,788.40 625,490.45 2,197,799.65 FANNIE MAE DTD 08/27/2020 0.375% 08/25/2025 FEDERAL HOME LOAN BANK DTD 09/11/2020 0.375% 09/04/2025 FREDDIE MAC DTD 09/25/2020 0.375% 09/23/2025 58.33 FANNIE MAE DTD 11/12/2020 0.500% 11/07/2025 1,300.00 1,841.67Security Type Sub-Total Corporate PACCAR FINANCIAL CORP DTD 02/06/2020 1.800% 02/06/2025 69371RQ66 175,000.00 80,000.00 410,000.00 25,000.00 A+ BBB+ AA A1 A2 10/22/2020 10/29/2020 182,894.25 0.72 79,919.20 2.29 410,000.00 2.13 24,956.25 2.76 481.25 135.00 509.90 311.25 175,642.02 79,988.55 410,000.00 24,992.26 173,136.78 79,168.80 405,601.52 24,731.68 AMERICAN EXPRESS CO (CALLABLE) 025816CQ0 DTD 03/04/2022 2.250% 03/04/2025 3/1/2022 3/4/2022 ROCHE HOLDINGS INC (CALLABLE) DTD 03/10/2022 2.132% 03/10/2025 771196BT8 Aa2 A2 3/3/2022 3/10/2022 3/24/2022 3/28/2022HOME DEPOT INC (CALLABLE) DTD 03/28/2022 2.700% 04/15/2025 437076CM2 A 36© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 CINTAS CORPORATION NO. 2 (CALLABLE) 17252MAP5 65,000.00 A-A3 4/26/2022 5/3/2022 64,985.70 3.46 934.38 64,997.21 64,517.90 DTD 05/03/2022 3.450% 05/01/2025 USAA CAPITAL CORP DTD 05/26/2022 3.375% 05/01/2025 90327QD89 369550BG2 225,000.00 225,000.00 AA A Aa1 A2 5/23/2022 5/26/2022 10/16/2020 10/20/2020 224,264.25 3.49 252,247.50 0.80 3,164.06 2,975.00 224,853.55 227,819.30 223,385.85 223,671.60GENERAL DYNAMICS CORP (CALLABLE) DTD 05/11/2018 3.500% 05/15/2025 AMAZON.COM INC (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025 023135BQ8 63254ABD9 63743HFE7 459200KS9 06051GFS3 002824BM1 475,000.00 250,000.00 50,000.00 AA AA- A- A1 Aa2 A2 6/3/2020 6/5/2020 474,767.25 0.81 250,000.00 3.50 49,986.50 3.92 225,000.00 4.00 256,918.50 0.93 257,845.50 0.86 1,245.56 2,722.22 507.92 474,968.67 250,000.00 49,996.94 463,885.48 248,218.00 49,636.30 NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.500% 06/09/2025 5/31/2022 6/9/2022 4/27/2022 5/4/2022 7/20/2022 7/27/2022 8/18/2020 8/20/2020 9/24/2020 9/28/2020 NATIONAL RURAL UTIL COOP DTD 05/04/2022 3.450% 06/15/2025 IBM CORP DTD 07/27/2022 4.000% 07/27/2025 225,000.00 225,000.00 225,000.00 A-A3 1,600.00 1,453.13 387.50 225,000.00 230,376.50 229,916.18 224,012.25 224,220.37 224,480.70 BANK OF AMERICA CORP DTD 07/30/2015 3.875% 08/01/2025 A-A1 ABBOTT LABORATORIES (CALLABLE) AA-Aa3 DTD 03/22/2017 3.875% 09/15/2025 BANK OF AMERICA CORP (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025 06051GKE8 46647PCV6 91324PEC2 225,000.00 175,000.00 225,000.00 A- A- A1 A1 A2 12/1/2021 12/6/2021 2/16/2022 2/24/2022 5/17/2021 5/19/2021 225,000.00 1.53 175,000.00 2.60 224,608.50 1.19 1,099.69 466.74 977.50 225,000.00 175,000.00 224,872.70 223,416.90 173,269.43 215,113.50 JPMORGAN CHASE & CO (CALLABLE) DTD 02/24/2022 2.595% 02/24/2026 UNITEDHEALTH GROUP INC (CALLABLE) A+ DTD 05/19/2021 1.150% 05/15/2026 BMW US CAPITAL LLC (CALLABLE) DTD 08/12/2021 1.250% 08/12/2026 05565EBW4 14913R2U0 175,000.00 225,000.00 A A A2 A2 8/12/2021 8/16/2021 1/11/2022 1/13/2022 174,947.50 1.26 223,863.75 1.81 297.74 881.88 174,980.39 224,482.83 165,964.05 214,240.50CATERPILLAR FINL SERVICE DTD 01/10/2022 1.700% 01/08/2027 37© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027 87612EBM7 06406RBA4 40,000.00 A A A2 1/19/2022 1/24/2022 1/26/2022 1/28/2022 39,932.00 1.99 473,945.50 2.10 164.67 39,968.71 38,416.72 BANK OF NY MELLON CORP (CALLABLE) 475,000.00 Aa3 1,758.16 474,510.28 454,714.18 DTD 01/26/2022 2.050% 01/26/2027 MICROSOFT CORP (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027 594918BY9 750,000.00 300,000.00 475,000.00 AAA BBB+ AA Aaa A2 3/14/2023 3/17/2023 1/13/2023 1/18/2023 3/15/2022 3/17/2022 721,942.50 4.36 277,203.00 4.59 466,089.00 2.70 3,781.25 573.75 485.56 733,053.19 286,607.15 470,618.84 742,950.00 289,546.80 459,626.15 AMERICAN EXPRESS CO (CALLABLE) 025816CS6 DTD 03/04/2022 2.550% 03/04/2027 BERKSHIRE HATHAWAY FIN (CALLABLE) 084664CZ2 Aa2 DTD 03/15/2022 2.300% 03/15/2027 CHARLES SCHWAB CORP (CALLABLE) 808513BW4 300,000.00 A-A2 2/17/2023 2/22/2023 284,925.00 4.66 4,950.00 290,826.57 293,891.10 DTD 09/24/2021 3.300% 04/01/2027 NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.905% 06/09/2027 63254ABE7 037833DB3 89236TKQ7 637432NP6 500,000.00 775,000.00 375,000.00 350,000.00 AA- AA+ A+ Aa2 Aaa A1 1/13/2023 1/18/2023 1/19/2023 1/23/2023 2/8/2023 2/10/2023 2/17/2023 2/22/2023 488,325.00 4.50 741,062.75 3.94 376,282.50 4.55 329,189.00 4.76 6,074.44 1,186.18 3,805.99 1,785.00 492,851.74 753,425.75 375,854.76 335,939.46 499,276.50 757,381.92 381,775.88 342,185.90 APPLE INC (CALLABLE) DTD 09/12/2017 2.900% 09/12/2027 TOYOTA MOTOR CREDIT CORP DTD 01/12/2023 4.625% 01/12/2028 NATIONAL RURAL UTIL COOP (CALLABLE) A-A1 DTD 02/07/2018 3.400% 02/07/2028 TEXAS INSTRUMENTS INC (CALLABLE) DTD 11/18/2022 4.600% 02/15/2028 882508BV5 110122DE5 539830BZ1 61690U8E3 85,000.00 375,000.00 60,000.00 525,000.00 A+ A Aa3 A2 5/11/2023 5/18/2023 3/9/2023 3/13/2023 5/23/2023 5/25/2023 7/18/2024 7/19/2024 87,043.40 4.04 358,263.75 4.93 59,892.00 4.49 525,525.00 4.94 499.61 1,665.63 1,008.67 5,216.40 86,442.69 363,519.14 59,921.32 525,492.97 86,771.74 373,561.50 60,942.72 535,501.05 BRISTOL-MYERS SQUIBB CO (CALLABLE) DTD 07/15/2020 3.900% 02/20/2028 LOCKHEED MARTIN CORP (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028 A- A+ A2 MORGAN STANLEY BANK NA (CALLABLE) Aa3 DTD 07/19/2024 4.968% 07/14/2028 38© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028 24422EXB0 17325FBB3 009158BH8 375,000.00 750,000.00 340,000.00 A A+ A A1 Aa3 A2 7/21/2023 7/25/2023 10/2/2023 10/4/2023 377,865.00 4.78 746,280.00 5.92 339,547.80 4.63 3,970.31 241.79 377,182.78 746,937.16 339,600.81 387,243.38 793,449.00 348,045.42 CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028 AIR PRODUCTS & CHEMICALS (CALLABLE) 2/6/2024 2/8/2024 2,302.56 DTD 02/08/2024 4.600% 02/08/2029 CISCO SYSTEMS INC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029 17275RBR2 09290DAA9 420,000.00 50,000.00 AA- AA- A1 2/21/2024 2/26/2024 3/5/2024 3/14/2024 419,853.00 4.86 49,909.50 4.74 1,980.42 110.97 419,869.92 49,918.58 434,195.58 51,399.25BLACKROCK FUNDING INC (CALLABLE) Aa3 DTD 03/14/2024 4.700% 03/14/2029 BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 725,000.00 AA-Aa3 3/6/2024 3/14/2024 725,355.25 4.69 1,609.10 725,322.89 745,289.13 DTD 03/14/2024 4.700% 03/14/2029 ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 00724PAF6 00724PAF6 437076DC3 437076DC3 02665WFQ9 205,000.00 170,000.00 125,000.00 250,000.00 400,000.00 12,875,000.00 A+ A+ A A1 A1 A2 A2 A3 4/1/2024 4/2/2024 4/4/2024 4/4/2024 204,694.55 4.83 169,775.60 4.83 124,193.75 4.90 248,627.50 4.88 399,520.00 4.43 12,812,447.00 3.75 4,838.00 4,012.00 1,583.33 3,166.67 1,271.11 78,192.29 204,721.49 169,795.59 124,232.23 248,693.56 399,526.58 12,787,721.26 211,632.78 175,500.35 128,757.38 257,514.75 401,483.20 12,871,723.99 ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029 HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029 6/17/2024 6/25/2024 6/18/2024 6/25/2024HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029 A AMERICAN HONDA FINANCE DTD 09/05/2024 4.400% 09/05/2029 A-9/3/2024 9/5/2024 Security Type Sub-Total Agency CMBS FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024 3137BGK24 3137BNGT5 223,036.87 275,000.00 AA+ AA+ Aaa Aaa 3/19/2020 3/25/2020 4/11/2023 4/14/2023 234,084.16 1.91 263,613.28 4.32 569.12 629.06 223,579.55 269,608.09 221,761.55 269,867.40FHMS K054 A2 DTD 04/01/2016 2.745% 01/01/2026 39© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 FHMS K058 A2 DTD 11/01/2016 2.653% 08/01/2026 3137BSP72 3137BTUM1 3137BXQY1 3137F1G44 3137HBC69 3137HAD45 3137HACX2 3136BQDE6 3137HAQ74 3137HAMH6 3137HAMS2 3137HAST4 3137HB3D4 3137HB3G7 3137HBLV4 3137HDV56 3137HDJJ0 550,000.00 372,786.73 550,000.00 550,000.00 394,613.84 436,448.59 550,000.00 525,556.61 500,000.00 800,000.00 500,000.00 375,000.00 180,000.00 275,000.00 290,000.00 440,000.00 550,000.00 AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ Aaa Aaa Aaa Aaa Aaa Aaa Aaa Aaa 4/6/2023 4/12/2023 5/19/2023 5/24/2023 8/16/2023 8/18/2023 6/8/2023 6/13/2023 12/6/2023 12/14/2023 7/19/2023 7/27/2023 7/13/2023 7/20/2023 7/18/2023 7/31/2023 526,839.84 3.98 361,311.90 4.29 518,804.69 4.94 527,033.20 4.42 394,610.68 4.86 436,437.71 4.78 555,493.40 4.59 516,646.78 4.58 489,032.00 5.25 788,165.60 4.99 494,023.50 5.07 363,043.88 5.60 179,479.62 5.14 274,209.93 4.93 292,899.71 4.34 442,702.04 4.58 549,998.35 4.80 1,215.96 1,039.76 1,477.67 1,486.38 1,597.53 1,737.43 2,208.71 1,831.21 1,975.00 3,100.00 2,000.00 1,515.63 760.35 536,940.19 365,743.49 528,497.60 534,754.80 394,612.52 436,440.32 554,159.51 518,732.69 490,960.44 790,425.93 495,035.38 364,882.43 179,561.24 274,328.88 292,551.57 442,652.32 550,000.00 536,163.10 367,133.42 540,786.95 539,904.75 403,482.00 443,295.60 564,170.75 527,469.64 512,567.50 816,610.40 512,863.00 385,585.13 186,481.44 282,913.13 295,452.58 451,834.68 566,251.95 FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026 FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027 FHMS K065 A2 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 4.181% 07/01/2028 FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028 Aaa 10/11/2023 10/19/2023 FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028 Aaa Aaa 9/7/2023 9/14/2023 9/20/2023 9/28/2023FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028 FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028 Aaa 10/25/2023 10/31/2023 Aaa 11/14/2023 11/21/2023 Aaa 11/28/2023 12/7/2023 FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028 FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028 1,113.75 1,104.90 1,730.67 2,201.38 FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028 Aaa Aaa Aaa 2/1/2024 2/8/2024 FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029 7/16/2024 7/25/2024 6/5/2024 6/13/2024FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029 40© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 FHMS K526 A2 3137HDXL9 495,000.00 AA+Aaa 8/7/2024 8/15/2024 499,630.23 4.33 1,873.99 499,523.52 504,844.06 DTD 08/01/2024 4.543% 07/01/2029 Security Type Sub-Total ABS 8,832,442.64 8,708,060.50 4.66 31,168.50 8,742,990.47 8,929,439.03 NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025 65480BAC1 89190GAC1 43815GAC3 14314QAC8 44935FAD6 362554AC1 14318MAD1 65480JAC4 36265QAD8 891940AC2 14041NGB1 41285JAD0 344928AD8 43815QAC1 21,983.51 19,484.64 27,156.80 7,009.64 AAA AAA NR Aaa NR 6/15/2021 6/23/2021 6/8/2021 6/14/2021 21,983.13 0.33 19,482.54 0.26 27,151.08 0.89 7,008.13 0.52 3.22 2.25 21,983.42 19,484.11 27,155.01 7,009.21 21,901.46 19,412.82 26,802.71 6,983.35 TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025 HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026 Aaa 11/16/2021 11/24/2021 6.64 CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026 AAA AAA AAA AAA AAA AAA AAA AAA NR NR NR 4/13/2021 4/21/2021 11/9/2021 11/17/2021 1.62 HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026 18,813.23 27,714.20 159,177.63 128,160.12 256,798.58 245,000.00 245,000.00 170,000.00 130,000.00 320,000.00 18,809.03 0.75 27,713.49 0.68 159,173.87 3.97 128,133.60 4.46 256,756.49 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 6.19 18,811.71 27,713.92 159,175.62 128,145.09 256,773.60 244,999.92 244,976.40 169,988.59 129,990.61 319,950.31 18,639.75 27,304.11 158,448.76 128,052.72 257,152.71 245,589.72 246,514.84 170,745.62 130,325.39 324,601.92 GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026 Aaa 10/13/2021 10/21/2021 7.85 CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027 NR Aaa NR NR NR Aaa NR NR 7/12/2022 7/20/2022 9/20/2022 9/28/2022 10/4/2022 10/12/2022 1/24/2023 1/30/2023 10/27/2022 11/3/2022 2/13/2023 2/23/2023 3/28/2023 3/31/2023 8/15/2023 8/22/2023 280.86 254.04 515.74 504.16 539.00 381.56 268.67 625.16 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 AAAHAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028 41© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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 DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028 254683CY9 05522RDG0 14041NGD7 02582JJZ4 254683CZ6 438123AC5 31680EAD3 02582JKD1 161571HT4 05522RDH8 02582JKH2 320,000.00 170,000.00 490,000.00 190,000.00 350,000.00 85,000.00 NR AAA AAA AAA AAA NR Aaa NR 4/4/2023 4/11/2023 6/8/2023 6/16/2023 5/17/2023 5/24/2023 6/7/2023 6/14/2023 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 319,981.44 4.31 169,961.51 4.79 489,887.64 4.45 189,983.15 4.87 349,952.72 4.93 84,985.03 5.67 349,978.30 5.53 409,981.67 5.24 404,887.73 5.17 179,975.83 4.98 494,898.53 5.23 5,220,549.69 4.84 612.98 319,986.98 169,971.63 489,918.19 189,987.59 349,964.70 84,987.76 320,560.64 171,735.87 491,928.64 192,263.09 354,365.20 86,972.94 BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028 361.91 962.58COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028 NR AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028 NR 411.24 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 5,221,298.36 AAA AAA AAA NR 860.22 349,983.12 409,792.43 404,908.90 179,979.92 494,898.53 5,220,537.27 354,961.60 419,386.13 413,746.79 183,602.16 509,663.88 5,281,662.82 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 10,937.48Security Type Sub-Total Managed Account Sub Total Securities Sub Total Accrued Interest 54,263,741.00 $54,734,291.48 52,811,411.54 3.98 298,366.83 53,105,484.65 $53,576,035.13 53,657,307.94 $54,127,858.42 $298,366.83 $53,281,962.02 3.98%$298,366.83 Total Investments $54,426,225.25 42© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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. 43© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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. 44© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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. 45© PFM Asset Management LLC | pfmam.com For the Quarter Ended September 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. 46© PFM Asset Management LLC | pfmam.com