HomeMy WebLinkAboutItem No. 19 - SA Investment Report for September 2025_2025102400020199619)SA Investment Report for September 2025
Receive and file the Investment Report for September 2025.
Page 1 of 1
REPORT TO CITY COUNCIL
To:Honorable Chair and Members of the Successor Agency
From:Jason Simpson, City Manager
Prepared by:Shannon Buckley, Assistant City Manager
Date:October 28, 2025
Subject:SA Investment Report for September 2025
Recommendation
Receive and file the Investment Report for September 2025.
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.
Fiscal Impact
No fiscal impact.
Attachments
Attachment 1 - Investment Report September 2025
Administrative Services
CITY OF LAKE ELSINORE
INVESTMENT REPORT
BANK DEPOSITS OUTSTANDING BOOK
CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:
General Checking Account 2,028,158$ 93,735$ (7,498)$ 2,114,395$
Cash On Hand:
Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 2,028,158 93,735 (7,498) 2,116,695
INVESTMENTS
Local Agency Investment Funds 60,435,255 - - 60,435,255
CAMP Investments:
CAMP Pool Account 1,187,494 - - 1,187,493.79
U.S. Treasury Bond / Note 25,055,183 - - 25,055,182.64
Municipal Bond / Note 285,000 - - 285,000.00
Federal Agency Commercial Mortgage-Backed Security 8,584,777 - - 8,584,777.05
Federal Agency Bond / Note 647,673 - - 647,673.00
Corporate Note 11,247,129 - - 11,247,128.90
Certificate of Deposit 900,000 - - 900,000.00
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 6,869,745 - - 6,869,744.57
Sub-total Investments 115,737,780 - - 115,737,780
Market Value Adjustment:
Unrealized Gain/(Loss) at 09/30/2025 944,293 - - 944,293
Total Investments 116,682,073 - - 116,682,073
Total Pooled Cash and Investments 118,710,231$ 93,735$ (7,498)$ 118,798,767$
TOTAL POOLED CASH AND INVESTMENTS 118,798,767$
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 24, 2025. 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 October 9, 2025
City Manager Date
C I T Y O F L A K E E L S I N O R E
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF SEPTEMBER 30, 2025
FUND NO FUND NAME AMOUNT
100 General 14,812,070$
102 Measure Z 9,777,179
106 Affordable Housing In Lieu 1,486,386
107 Developer Agreement Revenue 319,434
108 American Rescue Plan 240,356
109 Road Maintenance and Rehabilitation (SB1)2,269,822
110 State Gas Tax 612,134
112 Measure A 1,631,258
114 SB1186 CASP Education Program 86,075
116 City Hall-Public Works DIF 735,165
117 Community Center DIF 684,420
118 Lake Side Facility DIF 963,524
119 Animal Shelter DIF 11,307
121 T.R.I.P.-2014A 2,580
135 Lighting & Landscape Maintenance - Dist. No. 1 2,135,260
140 Geothermal 12,976
155 CSA152 -- N.P.D.E.S.2,000
202 La Strada RBBD 26,465
203 E.L.S.P. - S.T.I.F.3,732,024
205 Traffic Impact Fee 945,135
211 Storm Drain C.I.P. 2,022,409
221 Quimby Park C.I.P.43,865
231 Library C.I.P. 1,080,774
232 City Fire Protection 1,406,242
300 Insurance Service 326,462
305 Information Systems Service 2,887,203
310 Support Service 59,108
315 Fleet Service 143,262
320 Facilities Service 2,894,479
333 CFD 2015-3 Terracina 239,538
335 CFD 2003-2E Canyon Hills Improvement Area E 359
346 CFD 2014-1 Southshore 64,212
350 CFD 98-1 Summerhill 6,076
354 CFD 90-2 Tuscany Hills 536
357 CFD 2003-2 Canyon Hills Improvement Area 1,443
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 30,861
361 CFD 2022-2 Lakeshore Improvement 5,777
364 CFD 2023-2 Coastal Mission Trail Improvement 6,045
366 CFD 2005-6 City Center Townhomes 46,926
368 CFD 2006-2 Viscaya 5,489
C I T Y O F L A K E E L S I N O R E
POOLED CASH AND INVESTMENTS BY FUND
AS OF SEPTEMBER 30, 2025
FUND NO FUND NAME AMOUNT
C I T Y O F L A K E E L S I N O R E
POOLED CASH AND INVESTMENTS BY FUND
AS OF SEPTEMBER 30, 2025
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 67,638
371 CFD 2005-1 Serenity 4,839
372 CFD 2005-2 Alberhill Ranch Improvement Area 25,832
379 CFD 2022-1 Alberhill 2,838
383 CFD 2025-2 Cambern Apartments 59
384 CFD 2003-2 Area B Canyon Hills Improvement Area 8,776
385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 24,855
388 CFD 2007-6 Holiday Inn Express 22
389 CFD 88-3 (2008A) West Lake Elsinore Series A 2,000
390 CFD 2003-2 Area C Canyon Hills Improvement Area 3,270
394 CFD 2005-5 (2012A) Wasson Canyon 1,008
396 CFD 2018-2 Nichols Ranch Improvement Area 44,454
500 Capital Improvement Plan 14,563,729
603 Endowment Trust - Carl Graves 70,140
604 Endowment Trust - Korn Memorial 37,288
605 Public Improvement Trust 3,042,001
606 Mobile Source Air Polution Reduction 245,552
608 Trust Deposit & Pre Paid Expense 1,834,409
617 Successor Agency Housing 41,836,571
620 Cost Recovery System 4,444,357
631 Lake Destratification Equipment Replacement 348,990
Total Pooled Cash & Investments 118,798,767$
MAXIMUM DIVERSIFICATION CURRENT
TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 1.03%1,187,494$
U.S. Treasury Bond / Note Unlimited 21.65%25,055,183$
Supra-National Agency Bond / Note 30%0.00%-$
Municipal Bond / Note Unlimited 0.25%285,000$
Federal Agency Collaterized Mortgage Obligation 40%7.42%8,584,777$
Federal Agency Bond / Note Unlimited 0.56%(1)647,673$
Banker's Acceptance 40.00%0.00%-$
Corporate Note (Includes Bank Note)30%10.17%11,772,654$
Commercial Paper 25%0.00%-$
Negotiable Certificates of Deposit 30%0.78%900,000$
Asset-Backed Security / Collaterized Mortgage 20%5.94%6,869,745$
Repurchase Agreements Unlimited 0 -$
Reverse Repurchase Agreements 10.00%0.00%-$
LAIF (Local Agency Investment Funds)$150 Million 52.22%(2)60,435,255$
Placement Service Deposits (PDS)30%0.00%-$
TOTAL 100.00%115,737,780$
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies.
(2) Investment in LAIF may not exceed $75 million in each agency.
C I T Y O F L A K E E L S I N O R E
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING SEPTEMBER 30, 2025
Local Agency Investment Fund
September 4.212
August 4.251
July 4.258
June 4.269
May 4.272
April 4.281
PMIA Average Life(1):248
LAIF Fair Value Factor(1):1.001198310
PMIA Daily(1):4.26
PMIA Quarter to Date(1):4.27
LAIF Apportionment Rate(2):4.40
LAIF Earnings Ratio(2):0.00012059828906715
LAIF Administrative Cost(1)*:0.18
Treasuries
52.26%
Agencies
28.46%
Certificates of
Deposit/Bank Notes
9.16%
Time
Deposits
3.18%
Commercial
Paper
6.17%
Corporate
Bonds
0.61%
Loans
0.16%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825
(c)(1) .
*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
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 10/08/25
Daily rates are now available here. View PMIA Daily Rates
Quarterly Performance
Quarter Ended 6/30/25
Chart does not include $1,012,000.00 in mortgages, which equates to 0.001%.Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
8/31/25
$165.3 billion
Yield Purchase Date Maturity Rate
4.212%Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease)Ending Balance
Total Investments Held with
Local Agency Investment Fund:63,135,255$ (2,700,000)$ 60,435,255$
Note:
Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit
shall be maintained.
C I T Y O F L A K E E L S I N O R E
LOCAL AGENCY INVESTMENT FUND
TRANSACTION SUMMARY
FOR THE MONTH ENDING SEPTEMBER 30, 2025
CAMP
Investment Portfolio
CITY OF LAKE ELSINORE
ACCOUNT STATEMENT
For the Month Ending
September 30, 2025
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts
CITY OF LAKE ELSINORE
Accounts included in Statement
LAKE ELSINORE - CITY FUNDS
www.camponline.comOnline Access 1-800-729-7665Customer Service
Important Messages
CAMP will be closed on 10/13/2025 for Columbus Day.
CAMP will be closed on 11/11/2025 for Veterans Day.
For the Month Ending September 30, 2025
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a
representation of the yield of the fund in the future, since the yield is not fixed.
Average maturity represents the average maturity of all securities and
investments of a portfolio, determined by multiplying the par or principal value of
each security or investment by its maturity (days or years), summing the
products, and dividing the sum by the total principal value of the portfolio. The
stated maturity date of mortgage backed or callable securities are used in this
statement. However the actual maturity of these securities could vary depending
on the level or prepayments on the underlying mortgages or whether a callable
security has or is still able to be called.
Monthly distribution yield represents the net change in the value of one share
(normally $1.00 per share) resulting from all dividends declared during the month
by a fund expressed as a percentage of the value of one share at the beginning
of the month. This resulting net change is then annualized by multiplying it by
365 and dividing it by the number of calendar days in the month.
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.
Managed Account A portfolio of investments managed discretely by PFMAM
according to the client’s specific investment policy and requirements. The
investments are directly owned by the client and held by the client’s custodian.
Unsettled Trade A trade which has been executed however the final
consummation of the security transaction and payment has not yet taken place.
Please review the detail pages of this statement carefully. If you think your
statement is wrong, missing account information, or if you need more information
about a transaction, please contact PFMAM within 60 days of receipt. If you have
other concerns or questions regarding your account, or to request an updated
copy of PFMAM's current disclosure statement, please contact a member of your
client management team at PFMAM Service Operations at the address below.
PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
This statement is for general information purposes only and is not intended to provide
specific advice or recommendations. PFM Asset Management ("PFMAM") is a division
of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment
adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank")
and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does
not guarantee the products, services or performance of PFMAM. PFMAM maintains a
written disclosure statement of our background and business experience. If you would
like to receive a copy of our current disclosure statement, please contact Service
Operations at the address below.
Proxy Voting PFMAM does not normally receive proxies to vote on behalf of its clients.
However, it does on occasion receive consent requests. In the event a consent request
is received the portfolio manager contacts the client and then proceeds according to
their instructions. PFMAM’s Proxy Voting Policy is available upon request by contacting
Service Operations at the address below.
Questions About an Account PFMAM’s monthly statement is intended to detail our
investment advisory activity as well as the activity of any accounts held by clients in
pools that are managed by PFMAM. The custodian bank maintains the control of assets
and executes (i.e., settles) all investment transactions. The custodian statement is the
official record of security and cash holdings and transactions. PFMAM recognizes that
clients may use these reports to facilitate record keeping and that the custodian bank
statement and the PFMAM statement should be reconciled and differences resolved.
Many custodians use a settlement date basis which may result in the need to reconcile
due to a timing difference.
Account Control PFMAM does not have the authority to withdraw funds from or deposit
funds to the custodian outside the scope of services provided by PFMAM. Our clients
retain responsibility for their internal accounting policies; implementing and enforcing
internal controls and generating ledger entries or otherwise recording transactions.
Market Value Generally, PFMAM’s market prices are derived from closing bid prices as
of the last business day of the month as supplied by ICE Data Services. There may be
differences in the values shown for investments due to accrued but uncollected income
and the use of differing valuation sources and methods. Non-negotiable FDIC-insured
bank certificates of deposit are priced at par. Although PFMAM believes the prices to be
reliable, the values of the securities may not represent the prices at which the securities
could have been bought or sold. Explanation of the valuation methods for a registered
investment company or local government investment program is contained in the
appropriate fund offering documentation or information statement.
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
straightline basis. Such discount or premium with respect to longer term securities is
amortized using the constant yield basis.
Tax Reporting Cost data and realized gains / losses are provided for informational
purposes only. Please review for accuracy and consult your tax advisor to determine
the tax consequences of your security transactions. PFMAM does not report such
information to the IRS or other taxing authorities and is not responsible for the
accuracy of such information that may be required to be reported to federal, state or
other taxing authorities.
Financial Situation In order to better serve you, PFMAM should be promptly notified
of any material change in your investment objective or financial situation.
Callable Securities Securities subject to redemption prior to maturity may be
redeemed in whole or in part before maturity, which could affect the yield represented.
Portfolio The securities in this portfolio, including shares of mutual funds, are not
guaranteed or otherwise protected by PFMAM, the FDIC (except for certain
non-negotiable certificates of deposit) or any government agency. Investment in
securities involves risks, including the possible loss of the amount invested. Actual
settlement values, accrued interest, and amortized cost amounts may vary for
securities subject to an adjustable interest rate or subject to principal paydowns. Any
changes to the values shown may be reflected within the next monthly statement’s
beginning values.
Rating Information provided for ratings is based upon a good faith inquiry of selected
sources, but its accuracy and completeness cannot be guaranteed.
Shares of some local government investment programs and TERM funds are
distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc.
which is registered with the SEC as a broker/dealer and is a member of the Financial
Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking
Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at
1-800-289-9999 or at the FINRA website address
https://www.finra.org/investors/investor-contacts. A brochure describing the FINRA
Regulation Public Disclosure Program is also available from FINRA upon request.
Key Terms and Definitions
Dividends on local government investment program funds consist of interest earned,
plus any discount ratably amortized to the date of maturity, plus all realized gains and
losses on the sale of securities prior to maturity, less ratable amortization of any
premium and all accrued expenses to the fund. Dividends are accrued daily and may
be paid either monthly or quarterly. The monthly earnings on this statement represent
the estimated dividend accrued for the month for any program that distributes earnings
on a quarterly basis. There is no guarantee that the estimated amount will be paid on
the actual distribution date.
Current Yield is the net change, exclusive of capital changes and income other than
investment income, in the value of a hypothetical fund account with a balance of one
share over the seven-day base period including the statement date, expressed as a
percentage of the value of one share (normally $1.00 per share) at the beginning of
the seven-day period. This resulting net change in account value is then annualized by
multiplying it by
For the Month Ending September 30, 2025Account Statement - Transaction Summary
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
568,855.03
4,492,129.60
(3,873,490.84)
0.00
$1,187,493.79
CAMP Pool
Unsettled Trades 0.00
1,848.94 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
55,586,420.23
3,841,652.34
(4,282,939.20)
(3,389.86)
$55,141,743.51
CAMP Managed Account
Unsettled Trades 0.00
190,142.98 Cash Dividends and Income
September 30, 2025 August 31, 2025
Asset Summary
CAMP Pool 1,187,493.79 568,855.03
CAMP Managed Account 55,141,743.51 55,586,420.23
$56,329,237.30 $56,155,275.26 Total
Asset Allocation
2.11%
CAMP Pool
97.89%
CAMP Managed
Account
Page 1PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Summary Statement
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$568,855.03
4,492,129.60
(3,873,490.84)
$1,187,493.79
1,848.94
$55,586,420.23
(1,181,273.18)
(3,101,666.02)
3,841,652.34
0.00
(3,389.86)
$55,141,743.51
$56,155,275.26
$56,329,237.30
141,138.02
(23,076.77)
72,081.73
$190,142.98
1,075,000.00
3,103,364.92
139,439.12
106,273.18
(3,864,729.11)
(559,348.11)
0.00
Managed Account Total
54,556,073.45 55,743,567.24
366,707.08
3,103,364.92
1,181,273.18
139,439.12
(3,864,729.11)
(54,891,647.51)
(321,812.19)
0.00
366,707.08
6,976,855.76
1,181,273.18
139,439.12
(8,356,858.71)
(55,460,502.54)
(321,812.19)
1,848.94
Total Accrual Basis Earnings $268,668.94 $270,517.88
Transaction Summary - Managed AccountTransaction Summary - Money Market
_______________________________________________ _______________________________________________ _____________________________________________________
Cash Balance
$0.00 Closing Cash Balance
Page 2PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Portfolio Summary and Statistics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 26,200,000.00 25,549,839.13 45.35
Municipal Bond / Note 285,000.00 287,523.35 0.51
Federal Agency Commercial
Mortgage-Backed Security
8,718,261.96 8,806,088.75 15.63
Federal Agency Bond / Note 650,000.00 647,587.20 1.15
Corporate Note 11,410,000.00 11,488,842.72 20.40
Certificate of Deposit 900,000.00 900,726.30 1.60
Bank Note 525,000.00 532,761.08 0.95
Asset-Backed Security 6,866,929.11 6,928,374.98 12.30
Managed Account Sub-Total 55,555,191.07 55,141,743.51 97.89%
Accrued Interest 366,707.08
Total Portfolio 55,555,191.07 55,508,450.59
CAMP Pool 1,187,493.79 1,187,493.79 2.11
Total Investments 56,742,684.86 56,695,944.38 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation
12.30%
ABS
0.95%
Bank Note
1.60%
Cert of Deposit
19.88%
Corporate Note
1.15%
Fed Agy Bond /
Note
15.63%
Federal Agency
Commercial
Mortgage-Backed
Security
2.11%
Joint Powers
Authority
0.51%
Muni Bond / Note
0.51%
Priv Placement
Bond
45.36%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years
5.43%
1.66%
10.28%
31.91%
43.82%
6.90%
0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1084
4.25%
3.87%
Page 3PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Issuer Summary
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Credit Quality (S&P Ratings)
4.80%
A
4.97%
A+
5.08%
A-
0.80%
A-1+
0.83%
AA
63.49%
AA+
3.57%
AA-
10.39%
AAA
2.11%
AAAm
0.72%
BBB+
3.24%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
385,111.50 0.68 Adobe Inc
346,121.70 0.61 Air Products and Chemicals Inc
1,405,737.13 2.50 American Express Co
405,098.80 0.72 Analog Devices Inc
763,201.40 1.35 Apple Inc
605,916.81 1.08 BA Credit Card Trust
687,944.76 1.22 Bank of America Corp
463,820.88 0.82 Bank of New York Mellon Corp
170,927.23 0.30 Bayerische Motoren Werke AG
465,113.83 0.83 Berkshire Hathaway Inc
792,737.43 1.41 BlackRock Inc
375,031.13 0.67 Bristol-Myers Squibb Co
84,774.75 0.15 California State University
1,187,493.79 2.11 CAMP Pool
736,289.44 1.31 Capital One Financial Corp
42,148.89 0.07 CarMax Inc
219,058.88 0.39 Caterpillar Inc
296,969.40 0.53 Charles Schwab Corp
430,975.86 0.77 Cisco Systems Inc
1,342,401.70 2.38 Citigroup Inc
385,092.00 0.68 Deere & Co
672,587.69 1.19 Discover Card Execution Note Trust
8,279,927.04 14.71 Federal Home Loan Mortgage Corp
1,173,748.91 2.08 Federal National Mortgage Association
264,860.44 0.47 Fifth Third Auto Trust
68,250.45 0.12 Ford Credit Auto Owner Trust
165,245.36 0.29 GM Financial Consumer Automobile Receiv
73,489.90 0.13 Harley-Davidson Inc
384,024.00 0.68 Home Depot Inc
411,747.19 0.73 Honda Auto Receivables Owner Trust
402,098.80 0.71 Honda Motor Co Ltd
409,881.87 0.73 JPMorgan Chase & Co
Page 4PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Issuer Summary
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
60,673.08 0.11 Lockheed Martin Corp
117,159.36 0.21 Mars Inc
557,323.80 0.99 Mercedes-Benz Auto Receivables Trust
745,553.25 1.32 Microsoft Corp
532,761.08 0.95 Morgan Stanley
499,919.00 0.89 National Australia Bank Ltd
344,902.25 0.61 National Rural Utilities Cooperative Fi
45,632.59 0.08 Nissan Auto Receivables Owner Trust
450,283.50 0.80 Nordea Bank Abp
407,184.40 0.72 PACCAR Inc
101,146.10 0.18 Porsche Innovative Lease Owner
202,748.60 0.36 State of California
205,322.60 0.36 State Street Corp
39,050.64 0.07 Target Corp
86,463.79 0.15 Texas Instruments Inc
450,442.80 0.80 Toronto-Dominion Bank
117,389.96 0.21 Toyota Auto Receivables Owner Trust
380,413.88 0.68 Toyota Motor Corp
25,549,839.13 45.37 United States Treasury
220,951.13 0.39 UnitedHealth Group Inc
418,447.40 0.74 Verizon Master Trust
407,616.80 0.72 Wells Fargo & Co
490,183.20 0.87 WF Card Issuance Trust
$56,329,237.30 Total 100.00%
Page 5PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
U.S. Treasury Bond / Note
US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
73,587.90 73,663.07 566.58 70,441.41 01/17/2301/13/23Aa1AA+ 75,000.00 912828U24 3.72
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
211,122.00 206,372.90 710.77 198,641.60 07/03/2407/01/24Aa1AA+ 225,000.00 91282CCH2 4.49
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,196,358.00 1,197,511.78 4,027.68 1,169,364.26 09/06/2409/04/24Aa1AA+ 1,275,000.00 91282CCH2 3.59
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,219,816.00 1,209,301.20 4,106.66 1,173,960.94 08/05/2408/01/24Aa1AA+ 1,300,000.00 91282CCH2 3.96
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
2,251,968.00 2,258,837.40 7,581.52 2,211,468.75 10/07/2410/01/24Aa1AA+ 2,400,000.00 91282CCH2 3.51
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
2,721,128.00 2,666,774.75 9,161.01 2,565,253.91 06/11/2406/06/24Aa1AA+ 2,900,000.00 91282CCH2 4.39
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,203,796.80 1,185,745.27 11,372.28 1,182,093.75 11/05/2410/31/24Aa1AA+ 1,200,000.00 91282CJR3 4.14
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,379,350.50 1,349,871.64 13,030.74 1,344,653.32 01/07/2501/02/25Aa1AA+ 1,375,000.00 91282CJR3 4.36
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,479,666.90 1,449,413.04 13,978.43 1,444,693.36 02/06/2502/03/25Aa1AA+ 1,475,000.00 91282CJR3 4.33
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
2,608,226.40 2,572,238.63 24,639.95 2,565,773.44 12/06/2412/03/24Aa1AA+ 2,600,000.00 91282CJR3 4.10
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
591,023.40 589,683.99 4,927.99 589,054.69 07/03/2507/01/25Aa1AA+ 600,000.00 91282CEV9 3.75
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
886,535.10 880,751.10 7,391.98 878,414.06 04/04/2504/01/25Aa1AA+ 900,000.00 91282CEV9 3.87
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
886,535.10 877,365.03 7,391.98 875,566.41 06/05/2506/02/25Aa1AA+ 900,000.00 91282CEV9 3.98
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
911,161.08 903,079.22 7,597.32 902,236.33 08/05/2508/01/25Aa1AA+ 925,000.00 91282CEV9 3.94
Page 6PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
U.S. Treasury Bond / Note
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
1,477,558.50 1,478,910.69 12,319.97 1,476,796.88 05/06/2505/01/25Aa1AA+ 1,500,000.00 91282CEV9 3.65
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
2,610,353.35 2,575,552.52 21,765.29 2,565,117.19 03/06/2503/03/25Aa1AA+ 2,650,000.00 91282CEV9 4.06
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3,841,652.10 3,842,671.45 32,031.93 3,841,652.34 09/05/2509/02/25Aa1AA+ 3,900,000.00 91282CEV9 3.67
182,602.08 25,549,839.13 25,317,743.68 3.96 25,055,182.64 26,200,000.00 Security Type Sub-Total
Municipal Bond / Note
CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
84,774.75 85,000.00 305.29 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86
CA ST
DTD 03/15/2023 4.846% 03/01/2027
202,748.60 200,000.00 807.67 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85
1,112.96 287,523.35 285,000.00 3.67 285,000.00 285,000.00 Security Type Sub-Total
Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
233,242.88 233,458.78 536.57 224,852.44 04/14/2304/11/23Aa1AA+ 234,564.89 3137BNGT5 4.32
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
543,518.80 543,813.77 1,215.96 526,839.84 04/12/2304/06/23Aa1AA+ 550,000.00 3137BSP72 3.98
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
360,388.40 360,333.50 1,015.29 352,807.40 05/24/2305/19/23Aa1AA+ 364,012.14 3137BTUM1 4.29
FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
544,518.70 537,156.29 1,477.67 518,804.69 08/18/2308/16/23Aa1AA+ 550,000.00 3137BXQY1 4.94
FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
544,171.10 540,694.49 1,486.38 527,033.20 06/13/2306/08/23Aa1AA+ 550,000.00 3137F1G44 4.42
FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
388,230.49 381,873.62 1,545.96 381,871.52 12/14/2312/06/23Aa1AA+ 381,874.57 3137HBC69 4.86
Page 7PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
Federal Agency Commercial Mortgage-Backed Security
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
435,431.87 431,738.78 1,718.70 431,734.01 07/27/2307/19/23Aa1AA+ 431,744.77 3137HAD45 4.78
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
560,338.35 553,045.35 2,208.71 555,493.40 07/20/2307/13/23Aa1AA+ 550,000.00 3137HACX2 4.59
FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
526,161.71 520,138.42 1,833.72 516,267.43 07/31/2307/18/23Aa1AA+ 525,170.71 3136BQDE6 4.58
FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
509,658.50 493,095.10 1,975.00 489,032.00 10/19/2310/11/23Aa1AA+ 500,000.00 3137HAQ74 5.25
FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
812,569.60 792,695.89 3,100.00 788,165.60 09/14/2309/07/23Aa1AA+ 800,000.00 3137HAMH6 4.99
FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
383,611.50 367,203.79 1,515.63 363,043.88 10/31/2310/25/23Aa1AA+ 375,000.00 3137HAST4 5.60
FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
509,926.00 496,183.90 2,000.00 494,023.50 09/28/2309/20/23Aa1AA+ 500,000.00 3137HAMS2 5.07
FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
184,865.40 179,660.36 760.35 179,479.62 11/21/2311/14/23Aa1AA+ 180,000.00 3137HB3D4 5.14
FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
281,257.08 274,481.00 1,113.75 274,209.93 12/07/2311/28/23Aa1AA+ 275,000.00 3137HB3G7 4.93
FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
294,246.18 291,992.81 1,104.90 292,899.71 02/08/2402/01/24Aa1AA+ 290,000.00 3137HBLV4 4.34
FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
449,638.64 442,130.56 1,730.67 442,702.04 07/25/2407/16/24Aa1AA+ 440,000.00 3137HDV56 4.58
FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
548,510.91 535,894.87 2,144.92 535,893.26 06/13/2406/05/24Aa1AA+ 535,894.87 3137HDJJ0 4.80
FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
503,386.79 498,663.57 1,873.99 499,630.23 08/15/2408/07/24Aa1AA+ 495,000.00 3137HDXL9 4.33
FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
192,415.85 189,994.01 698.25 189,993.35 04/24/2504/15/25Aa1AA+ 190,000.00 3137HKXJ8 4.41
Page 8PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
31,056.42 8,806,088.75 8,664,248.86 4.72 8,584,777.05 8,718,261.96 Security Type Sub-Total
Federal Agency Bond / Note
FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
647,587.20 649,953.33 1,300.00 647,673.00 11/12/2011/09/20Aa1AA+ 650,000.00 3135G06G3 0.57
1,300.00 647,587.20 649,953.33 0.57 647,673.00 650,000.00 Security Type Sub-Total
Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
220,951.13 224,951.17 977.50 224,608.50 05/19/2105/17/21A2A+ 225,000.00 91324PEC2 1.19
BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
170,927.23 174,990.91 297.74 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26
CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
219,058.88 224,710.72 881.88 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81
TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
39,050.64 39,982.38 164.67 39,932.00 01/24/2201/19/22A2A 40,000.00 87612EBM7 1.99
BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
463,820.88 474,721.42 1,758.16 473,945.50 01/28/2201/26/22Aa3A 475,000.00 06406RBA4 2.10
MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
745,553.25 740,273.13 3,781.25 721,942.50 03/17/2303/14/23AaaAAA 750,000.00 594918BY9 4.36
AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
294,136.80 292,129.97 573.75 277,203.00 01/18/2301/13/23A2A- 300,000.00 025816CS6 4.59
BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
465,113.83 472,403.02 485.56 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70
CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
296,969.40 294,495.94 4,950.00 284,925.00 02/22/2302/17/23A2A- 300,000.00 808513BW4 4.66
NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
499,919.00 495,510.18 6,074.44 488,325.00 01/18/2301/13/23Aa2AA- 500,000.00 63254ABE7 4.50
APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
763,201.40 760,745.95 1,186.18 741,062.75 01/23/2301/19/23AaaAA+ 775,000.00 037833DB3 3.94
Page 9PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
Corporate Note
TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
380,413.88 375,594.21 3,805.99 376,282.50 02/10/2302/08/23A1A+ 375,000.00 89236TKQ7 4.55
NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
344,902.25 340,136.63 1,785.00 329,189.00 02/22/2302/17/23A1A- 350,000.00 637432NP6 4.76
TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
86,463.79 86,004.03 499.61 87,043.40 05/18/2305/11/23Aa3A+ 85,000.00 882508BV5 4.04
BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
375,031.13 366,909.71 1,665.63 358,263.75 03/13/2303/09/23A2A 375,000.00 110122DE5 4.93
LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
60,673.08 59,943.04 1,008.67 59,892.00 05/25/2305/23/23A2A- 60,000.00 539830BZ1 4.49
JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
385,092.00 376,606.26 3,970.31 377,865.00 07/25/2307/21/23A1A 375,000.00 24422EXB0 4.78
CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
786,679.50 747,638.33 241.79 746,280.00 10/04/2310/02/23Aa3A+ 750,000.00 17325FBB3 5.92
AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
346,121.70 339,685.64 2,302.56 339,547.80 02/08/2402/06/24A2A 340,000.00 009158BH8 4.63
CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
430,975.86 419,897.11 1,980.42 419,853.00 02/26/2402/21/24A1AA- 420,000.00 17275RBR2 4.86
BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
51,144.35 49,935.42 110.97 49,909.50 03/14/2403/05/24Aa3AA- 50,000.00 09290DAA9 4.74
BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
741,593.08 725,256.06 1,609.10 725,355.25 03/14/2403/06/24Aa3AA- 725,000.00 09290DAA9 4.69
ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
174,583.88 169,837.21 4,012.00 169,775.60 04/04/2404/02/24A1A+ 170,000.00 00724PAF6 4.83
ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
210,527.62 204,778.20 4,838.00 204,694.55 04/04/2404/01/24A1A+ 205,000.00 00724PAF6 4.83
WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
112,094.62 110,076.11 2,399.41 110,088.00 04/23/2504/16/25A1BBB+ 110,000.00 95000U3T8 4.95
Page 10PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
Corporate Note
WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
295,522.18 290,000.00 6,325.71 290,000.00 04/23/2504/15/25A1BBB+ 290,000.00 95000U3T8 4.97
BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
607,433.40 600,000.00 10,941.10 600,000.00 05/09/2505/06/25A1A- 600,000.00 06051GMT3 4.62
HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
128,008.00 124,380.17 1,583.33 124,193.75 06/25/2406/17/24A2A 125,000.00 437076DC3 4.90
HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
256,016.00 248,945.40 3,166.67 248,627.50 06/25/2406/18/24A2A 250,000.00 437076DC3 4.88
AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
402,098.80 399,614.59 1,271.11 399,520.00 09/05/2409/03/24A3A- 400,000.00 02665WFQ9 4.43
MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
117,159.36 114,888.23 460.00 114,875.80 03/12/2503/05/25A2A 115,000.00 571676AY1 4.83
STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
205,322.60 200,000.00 4,216.32 200,000.00 04/24/2504/22/25Aa3A 200,000.00 857477DB6 4.83
PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
407,184.40 399,425.07 7,229.44 399,380.00 05/08/2505/05/25A1A+ 400,000.00 69371RT71 4.59
ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
405,098.80 399,667.73 5,250.00 399,648.00 06/16/2506/12/25A2A- 400,000.00 032654BE4 4.52
91,804.27 11,488,842.72 11,344,133.94 4.33 11,247,128.90 11,410,000.00 Security Type Sub-Total
Certificate of Deposit
TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
450,442.80 450,000.00 23,870.00 450,000.00 10/31/2210/27/22A2A- 450,000.00 89115B6K1 5.60
NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
450,283.50 450,000.00 10,230.50 450,000.00 11/03/2211/02/22P-1A-1+ 450,000.00 65558UYF3 5.53
34,100.50 900,726.30 900,000.00 5.57 900,000.00 900,000.00 Security Type Sub-Total
Bank Note
Page 11PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
Bank Note
MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
532,761.08 525,323.56 5,578.65 525,525.00 07/19/2407/18/24Aa3A+ 525,000.00 61690U8E3 4.94
5,578.65 532,761.08 525,323.56 4.94 525,525.00 525,000.00 Security Type Sub-Total
Asset-Backed Security
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
42,148.89 42,173.40 74.41 42,172.73 07/20/2207/12/22NRAAA 42,173.73 14318MAD1 3.97
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
45,632.59 45,585.38 90.37 45,579.26 09/28/2209/20/22AaaAAA 45,588.69 65480JAC4 4.46
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
74,559.65 74,421.19 149.47 74,413.71 10/12/2210/04/22NRAAA 74,425.91 36265QAD8 4.82
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
117,389.96 117,143.24 241.05 117,143.20 01/30/2301/24/23NRAAA 117,143.26 891940AC2 4.63
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
245,083.06 244,984.17 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
73,489.90 73,242.90 164.40 73,238.91 02/23/2302/13/23AaaNR 73,246.28 41285JAD0 5.05
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
68,250.45 68,063.35 140.67 68,059.71 03/31/2303/28/23NRAAA 68,066.81 344928AD8 4.65
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
221,071.95 219,417.29 428.70 219,396.04 08/22/2308/15/23NRAAA 219,441.28 43815QAC1 5.42
DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
320,349.44 319,990.75 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31
BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
170,847.28 169,979.46 361.91 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79
AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
191,032.46 189,991.02 411.24 189,983.15 06/14/2306/07/23NRAAA 190,000.00 02582JJZ4 4.87
COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
491,206.38 489,940.78 962.58 489,887.64 05/24/2305/17/23NRAAA 490,000.00 14041NGD7 4.42
Page 12PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
Asset-Backed Security
DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
352,238.25 349,974.23 766.89 349,952.72 06/28/2306/21/23AaaAAA 350,000.00 254683CZ6 4.93
HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
75,279.06 74,390.72 117.18 74,385.67 11/08/2311/01/23AaaNR 74,398.77 438123AC5 5.67
FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
264,860.44 262,434.99 645.03 262,428.11 08/23/2308/15/23AaaAAA 262,444.38 31680EAD3 5.53
CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
409,881.87 404,930.20 928.80 404,887.73 09/15/2309/07/23NRAAA 405,000.00 161571HT4 5.17
AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
415,338.20 409,988.80 953.02 409,981.67 09/19/2309/12/23NRAAA 410,000.00 02582JKD1 5.23
PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
101,146.10 99,990.62 140.86 99,989.29 05/21/2505/14/25NRAAA 100,000.00 73329KAD8 4.61
BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
182,208.78 179,984.42 398.40 179,975.83 12/14/2312/07/23AaaNR 180,000.00 05522RDH8 4.98
AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
505,229.67 494,898.53 1,150.60 494,898.53 04/23/2404/16/24NRAAA 495,000.00 02582JKH2 5.23
HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
115,396.18 114,988.47 212.11 114,987.15 05/08/2504/29/25AaaNR 115,000.00 437921AD1 4.15
BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
80,511.36 79,995.16 106.33 79,994.48 05/12/2505/06/25AaaNR 80,000.00 05594BAD8 4.35
MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
557,323.80 553,336.38 1,168.44 553,673.83 04/09/2504/08/25AaaNR 550,000.00 58773DAD6 4.62
VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
418,447.40 414,984.91 571.89 414,982.16 03/31/2503/25/25AaaNR 415,000.00 92348KDY6 4.51
GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
90,685.71 89,987.76 160.50 89,986.75 05/14/2505/06/25AaaAAA 90,000.00 362549AD9 4.28
BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
252,860.75 250,000.00 478.89 249,999.05 06/12/2506/05/25NRAAA 250,000.00 05522RDK1 4.31
Page 13PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Detail of Securities Held
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value
Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle
Par
Asset-Backed Security
WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
490,183.20 484,993.92 935.51 484,991.95 06/10/2506/03/25NRAAA 485,000.00 92970QAJ4 4.34
CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
555,722.20 549,858.04 6,240.97 549,850.79 06/26/2506/18/25AaaAAA 550,000.00 17305EHA6 4.31
19,152.20 6,928,374.98 6,869,670.08 4.75 6,869,744.57 6,866,929.11 Security Type Sub-Total
55,555,191.07 54,115,031.16 4.25 366,707.08 54,556,073.45 55,141,743.51 Managed Account Sub-Total
Joint Powers Authority
CAMP Pool 1,187,493.79 1,187,493.79 0.00 1,187,493.79 NRAAAm 1,187,493.79
1,187,493.79 1,187,493.79 0.00 1,187,493.79 1,187,493.79 Liquid Sub-Total
$56,742,684.86 $55,302,524.95 $366,707.08 $55,743,567.24 $56,329,237.30 4.25%
$56,695,944.38
$366,707.08
Total Investments
Accrued Interest
Securities Sub-Total
Page 14PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Fair Market Value & Analytics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective
Duration
U.S. Treasury Bond / Note
(75.17) 3,146.49 73,587.90 98.12 JPMorgan 75,000.00 912828U24US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
3.73 1.09
4,749.10 12,480.40 211,122.00 93.83 BMO 225,000.00 91282CCH2US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
3.64 2.65
(1,153.78) 26,993.74 1,196,358.00 93.83 MorganSt 1,275,000.00 91282CCH2US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
3.64 2.65
10,514.80 45,855.06 1,219,816.00 93.83 BMO 1,300,000.00 91282CCH2US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
3.64 2.65
(6,869.40) 40,499.25 2,251,968.00 93.83 BMO 2,400,000.00 91282CCH2US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
3.64 2.65
54,353.25 155,874.09 2,721,128.00 93.83 BMO 2,900,000.00 91282CCH2US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
3.64 2.65
18,051.53 21,703.05 1,203,796.80 100.32 Citigrou 1,200,000.00 91282CJR3US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
3.66 3.01
29,478.86 34,697.18 1,379,350.50 100.32 MorganSt 1,375,000.00 91282CJR3US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
3.66 3.01
30,253.86 34,973.54 1,479,666.90 100.32 JPMorgan 1,475,000.00 91282CJR3US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
3.66 3.01
35,987.77 42,452.96 2,608,226.40 100.32 MorganSt 2,600,000.00 91282CJR3US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
3.66 3.01
1,339.41 1,968.71 591,023.40 98.50 Citigrou 600,000.00 91282CEV9US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3.69 3.46
5,784.00 8,121.04 886,535.10 98.50 BMO 900,000.00 91282CEV9US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3.69 3.46
9,170.07 10,968.69 886,535.10 98.50 BMO 900,000.00 91282CEV9US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3.69 3.46
8,081.86 8,924.75 911,161.08 98.50 Citigrou 925,000.00 91282CEV9US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3.69 3.46
(1,352.19) 761.62 1,477,558.50 98.50 Citigrou 1,500,000.00 91282CEV9US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3.69 3.46
34,800.83 45,236.16 2,610,353.35 98.50 MorganSt 2,650,000.00 91282CEV9US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3.69 3.46
(1,019.35)(0.24) 3,841,652.10 98.50 RBC Capi 3,900,000.00 91282CEV9US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3.69 3.46
Page 15PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Fair Market Value & Analytics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective
Duration
494,656.49 3.67 232,095.45 25,549,839.13 26,200,000.00 Security Type Sub-Total 3.10
Municipal Bond / Note
(225.25)(225.25) 84,774.75 99.74 JPMorgan 85,000.00 13077DQD7CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
4.08 0.09
2,748.60 2,748.60 202,748.60 101.37 WellsFar 200,000.00 13063D3N6CA ST
DTD 03/15/2023 4.846% 03/01/2027
3.87 1.35
2,523.35 3.93 2,523.35 287,523.35 285,000.00 Security Type Sub-Total 0.98
Federal Agency Commercial Mortgage-Backed Security
(215.90) 8,390.44 233,242.88 99.44 RobertBa 234,564.89 3137BNGT5FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
4.17 0.28
(294.97) 16,678.96 543,518.80 98.82 BREAN 550,000.00 3137BSP72FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3.87 0.84
54.90 7,581.00 360,388.40 99.00 Citigrou 364,012.14 3137BTUM1FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
4.15 1.03
7,362.41 25,714.01 544,518.70 99.00 MorganSt 550,000.00 3137BXQY1FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3.89 1.27
3,476.61 17,137.90 544,171.10 98.94 Citigrou 550,000.00 3137F1G44FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3.89 1.42
6,356.87 6,358.97 388,230.49 101.66 JPMorgan 381,874.57 3137HBC69FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
4.01 2.18
3,693.09 3,697.86 435,431.87 100.85 JPMorgan 431,744.77 3137HAD45FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
4.13 1.63
7,293.00 4,844.95 560,338.35 101.88 JPMorgan 550,000.00 3137HACX2FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3.98 2.43
6,023.29 9,894.28 526,161.71 100.19 JPMorgan 525,170.71 3136BQDE6FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
4.06 2.56
16,563.40 20,626.50 509,658.50 101.93 BMO 500,000.00 3137HAQ74FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3.94 2.60
19,873.71 24,404.00 812,569.60 101.57 WellsFar 800,000.00 3137HAMH6FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3.98 2.57
16,407.71 20,567.62 383,611.50 102.30 MorganSt 375,000.00 3137HAST4FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3.94 2.68
Page 16PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Fair Market Value & Analytics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective
Duration
Federal Agency Commercial Mortgage-Backed Security
13,742.10 15,902.50 509,926.00 101.99 BOFAML 500,000.00 3137HAMS2FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3.99 2.63
5,205.04 5,385.78 184,865.40 102.70 JPMorgan 180,000.00 3137HB3D4FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
4.02 2.71
6,776.08 7,047.15 281,257.08 102.28 BOFAML 275,000.00 3137HB3G7FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3.99 2.75
2,253.37 1,346.47 294,246.18 101.46 JPMorgan 290,000.00 3137HBLV4FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
4.01 2.84
7,508.08 6,936.60 449,638.64 102.19 PIER 440,000.00 3137HDV56FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
4.02 3.27
12,616.04 12,617.65 548,510.91 102.35 MorganSt 535,894.87 3137HDJJ0FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
4.02 3.14
4,723.22 3,756.56 503,386.79 101.69 BMO 495,000.00 3137HDXL9FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
4.02 3.42
2,421.84 2,422.50 192,415.85 101.27 JPMorgan 190,000.00 3137HKXJ8FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
4.05 3.85
221,311.70 3.99 141,839.89 8,806,088.75 8,718,261.96 Security Type Sub-Total 2.29
Federal Agency Bond / Note
(2,366.13)(85.80) 647,587.20 99.63 Barclays 650,000.00 3135G06G3FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
4.38 0.10
(85.80) 4.38 (2,366.13) 647,587.20 650,000.00 Security Type Sub-Total 0.10
Corporate Note
(4,000.04)(3,657.37) 220,951.13 98.20 04/15/26Citigrou 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
4.10 0.61
(4,063.68)(4,020.27) 170,927.23 97.67 07/12/26SUMITR 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
4.05 0.85
(5,651.84)(4,804.87) 219,058.88 97.36 JPMorgan 225,000.00 14913R2U0CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
3.87 1.24
(931.74)(881.36) 39,050.64 97.63 12/15/26Citigrou 40,000.00 87612EBM7TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
3.87 1.25
Page 17PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Fair Market Value & Analytics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective
Duration
Corporate Note
(10,900.54)(10,124.62) 463,820.88 97.65 12/24/26Deutsche 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
4.02 1.28
5,280.12 23,610.75 745,553.25 99.41 11/06/26GoldmanS 750,000.00 594918BY9MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
3.79 1.21
2,006.83 16,933.80 294,136.80 98.05 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
4.00 1.37
(7,289.19)(975.17) 465,113.83 97.92 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
3.79 1.40
2,473.46 12,044.40 296,969.40 98.99 01/01/27Barclays 300,000.00 808513BW4CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
4.01 1.38
4,408.82 11,594.00 499,919.00 99.98 CAS 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
3.91 1.60
2,455.45 22,138.65 763,201.40 98.48 06/12/27TD Secur 775,000.00 037833DB3APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
3.72 1.81
4,819.67 4,131.38 380,413.88 101.44 WellsFar 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
3.98 2.13
4,765.62 15,713.25 344,902.25 98.54 11/07/27MorganSt 350,000.00 637432NP6NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
4.08 2.16
459.76 (579.61) 86,463.79 101.72 01/15/28JPMorgan 85,000.00 882508BV5TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
3.88 2.17
8,121.42 16,767.38 375,031.13 100.01 11/20/27MAXE 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
3.90 2.14
730.04 781.08 60,673.08 101.12 04/15/28Barclays 60,000.00 539830BZ1LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
4.00 2.37
8,485.74 7,227.00 385,092.00 102.69 Citigrou 375,000.00 24422EXB0JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
3.93 2.56
39,041.17 40,399.50 786,679.50 104.89 08/29/28Barclays 750,000.00 17325FBB3CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
4.07 2.68
6,436.06 6,573.90 346,121.70 101.80 01/08/29Barclays 340,000.00 009158BH8AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
4.02 3.03
11,078.75 11,122.86 430,975.86 102.61 01/26/29Citigrou 420,000.00 17275RBR2CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
4.00 3.06
1,208.93 1,234.85 51,144.35 102.29 02/14/29Citigrou 50,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
3.98 3.12
Page 18PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Fair Market Value & Analytics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective
Duration
Corporate Note
16,337.02 16,237.83 741,593.08 102.29 02/14/29BOFAML 725,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
3.98 3.12
4,746.67 4,808.28 174,583.88 102.70 03/04/29SEEL 170,000.00 00724PAF6ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
3.99 3.09
5,749.42 5,833.07 210,527.62 102.70 03/04/29BOFAML 205,000.00 00724PAF6ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
3.99 3.09
2,018.51 2,006.62 112,094.62 101.90 04/23/28SEEL 110,000.00 95000U3T8WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
4.56 2.34
5,522.18 5,522.18 295,522.18 101.90 04/23/28WellsFar 290,000.00 95000U3T8WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
4.56 2.34
7,433.40 7,433.40 607,433.40 101.24 05/09/28BOFAML 600,000.00 06051GMT3BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
4.44 2.39
3,627.83 3,814.25 128,008.00 102.41 05/25/29MorganSt 125,000.00 437076DC3HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
4.05 3.32
7,070.60 7,388.50 256,016.00 102.41 05/25/29PNCBank 250,000.00 437076DC3HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
4.05 3.32
2,484.21 2,578.80 402,098.80 100.52 Deutsche 400,000.00 02665WFQ9AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
4.25 3.57
2,271.13 2,283.56 117,159.36 101.88 02/01/30BOFAML 115,000.00 571676AY1MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
4.32 3.91
5,322.60 5,322.60 205,322.60 102.66 03/24/30MorganSt 200,000.00 857477DB6STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
4.17 3.96
7,759.33 7,804.40 407,184.40 101.80 TD Secur 400,000.00 69371RT71PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
4.11 4.06
5,431.07 5,450.80 405,098.80 101.27 05/15/30BOFAML 400,000.00 032654BE4ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
4.20 4.13
241,713.82 4.03 144,708.78 11,488,842.72 11,410,000.00 Security Type Sub-Total 2.37
Certificate of Deposit
442.80 442.80 450,442.80 100.10 TD Secur 450,000.00 89115B6K1TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
4.03 0.09
283.50 283.50 450,283.50 100.06 WellsFar 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
4.74 0.09
Page 19PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Fair Market Value & Analytics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective
Duration
726.30 4.38 726.30 900,726.30 900,000.00 Security Type Sub-Total 0.09
Bank Note
7,437.52 7,236.08 532,761.08 101.48 07/14/27Citigrou 525,000.00 61690U8E3MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
4.45 1.68
7,236.08 4.45 7,437.52 532,761.08 525,000.00 Security Type Sub-Total 1.68
Asset-Backed Security
(24.51)(23.84) 42,148.89 99.94 RBC Capi 42,173.73 14318MAD1CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
4.28 0.22
47.21 53.33 45,632.59 100.10 WellsFar 45,588.69 65480JAC4NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
4.21 0.33
138.46 145.94 74,559.65 100.18 RBC Capi 74,425.91 36265QAD8GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
4.18 0.26
246.72 246.76 117,389.96 100.21 BOFAML 117,143.26 891940AC2TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
4.19 0.43
98.89 121.50 245,083.06 100.03 RBC Capi 245,000.00 14041NGB1COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
4.13 0.04
247.00 250.99 73,489.90 100.33 JPMorgan 73,246.28 41285JAD0HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
4.24 0.38
187.10 190.74 68,250.45 100.27 BNPPSA 68,066.81 344928AD8FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
4.16 0.50
1,654.66 1,675.91 221,071.95 100.74 BOFAML 219,441.28 43815QAC1HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
4.24 0.60
358.69 368.00 320,349.44 100.11 RBC Capi 320,000.00 254683CY9DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
4.11 0.44
867.82 885.77 170,847.28 100.50 BOFAML 170,000.00 05522RDG0BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
4.05 0.60
1,041.44 1,049.31 191,032.46 100.54 RBC Capi 190,000.00 02582JJZ4AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
4.05 0.60
1,265.60 1,318.74 491,206.38 100.25 RBC Capi 490,000.00 14041NGD7COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
4.04 0.60
2,264.02 2,285.53 352,238.25 100.64 BOFAML 350,000.00 254683CZ6DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
4.06 0.68
Page 20PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Fair Market Value & Analytics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective
Duration
Asset-Backed Security
888.34 893.39 75,279.06 101.18 JPMorgan 74,398.77 438123AC5HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
4.18 0.76
2,425.45 2,432.33 264,860.44 100.92 JPMorgan 262,444.38 31680EAD3FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
4.24 0.68
4,951.67 4,994.14 409,881.87 101.21 JPMorgan 405,000.00 161571HT4CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
3.89 0.92
5,349.40 5,356.53 415,338.20 101.30 Citigrou 410,000.00 02582JKD1AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
3.90 0.92
1,155.48 1,156.81 101,146.10 101.15 Barclays 100,000.00 73329KAD8PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
4.01 1.71
2,224.36 2,232.95 182,208.78 101.23 BOFAML 180,000.00 05522RDH8BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
3.92 1.07
10,331.14 10,331.14 505,229.67 102.07 Barclays 495,000.00 02582JKH2AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
3.90 1.45
407.71 409.03 115,396.18 100.34 JPMorgan 115,000.00 437921AD1HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
4.14 1.94
516.20 516.88 80,511.36 100.64 BOFAML 80,000.00 05594BAD8BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
4.01 1.60
3,987.42 3,649.97 557,323.80 101.33 WellsFar 550,000.00 58773DAD6MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
3.92 1.42
3,462.49 3,465.24 418,447.40 100.83 BOFAML 415,000.00 92348KDY6VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
4.18 1.92
697.95 698.96 90,685.71 100.76 TD Secur 90,000.00 362549AD9GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
3.94 1.90
2,860.75 2,861.70 252,860.75 101.14 BOFAML 250,000.00 05522RDK1BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
3.90 2.43
5,189.28 5,191.25 490,183.20 101.07 WellsFar 485,000.00 92970QAJ4WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
3.97 2.43
5,864.16 5,871.41 555,722.20 101.04 Citigrou 550,000.00 17305EHA6CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
3.91 2.52
58,630.41 4.02 58,704.90 6,928,374.98 6,866,929.11 Security Type Sub-Total 1.24
Page 21PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Fair Market Value & Analytics
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIPBrokerDate PriceDated Date/Coupon/Maturity Par at Mkt
Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective
Duration
55,555,191.07 55,141,743.51 1,026,712.35 585,670.06 3.87 Managed Account Sub-Total 2.47
Joint Powers Authority
0.00 0.00 1,187,493.79 1.00 1,187,493.79 CAMP Pool 0.00
1,187,493.79 1,187,493.79 0.00 0.00 Liquid Sub-Total 0.00
Total Investments $56,695,944.38
$366,707.08
$56,329,237.30
Accrued Interest
Securities Sub-Total $56,742,684.86 $1,026,712.35 $585,670.06 3.87% 2.47
Page 22PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Security Transactions & Interest
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
09/05/25 US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 (3,841,652.34)(23,076.77)(3,864,729.11) 3,900,000.00 09/02/25
(23,076.77) (3,864,729.11)(3,841,652.34) 3,900,000.00 Transaction Type Sub-Total
INTEREST
09/01/25 CA ST
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 0.00 4,846.00 4,846.00 09/01/25
09/01/25 MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
571676AY1 0.00 2,591.33 2,591.33 09/01/25
09/25/25 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,477.67 1,477.67 09/01/25
09/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 0.00 550.99 550.99 09/01/25
09/25/25 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 1,104.90 1,104.90 09/01/25
09/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 0.00 1,549.88 1,549.88 09/01/25
09/25/25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,515.63 1,515.63 09/01/25
09/25/25 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 2,000.00 2,000.00 09/01/25
09/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 0.00 1,833.89 1,833.89 09/01/25
09/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,720.51 1,720.51 09/01/25
09/25/25 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 0.00 1,873.99 1,873.99 09/01/25
09/25/25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 3,100.00 3,100.00 09/01/25
09/25/25 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 0.00 1,730.67 1,730.67 09/01/25
09/25/25 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 0.00 698.25 698.25 09/01/25
Page 23PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Security Transactions & Interest
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
09/25/25 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 1,486.38 1,486.38 09/01/25
09/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,016.22 1,016.22 09/01/25
09/25/25 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 09/01/25
09/25/25 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,975.00 1,975.00 09/01/25
09/25/25 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 760.35 760.35 09/01/25
09/25/25 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 1,113.75 1,113.75 09/01/25
09/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 2,145.13 2,145.13 09/01/25
09/25/25 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 2,208.71 2,208.71 09/01/25
09/04/25 AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 0.00 3,825.00 3,825.00 09/04/25
09/04/25 FEDERAL HOME LOAN BANK
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 0.00 281.25 281.25 09/04/25
09/05/25 AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 0.00 8,800.00 8,800.00 09/05/25
09/12/25 APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 0.00 11,237.50 11,237.50 09/12/25
09/14/25 BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 0.00 18,212.50 18,212.50 09/14/25
09/15/25 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 0.00 897.92 897.92 09/15/25
09/15/25 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 0.00 397.71 397.71 09/15/25
09/15/25 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 0.00 678.58 678.58 09/15/25
Page 24PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Security Transactions & Interest
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
09/15/25 BERKSHIRE HATHAWAY FIN
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 0.00 5,462.50 5,462.50 09/15/25
09/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 346.64 346.64 09/15/25
09/15/25 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 2,157.37 2,157.37 09/15/25
09/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 168.75 168.75 09/15/25
09/15/25 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 0.00 2,190.83 2,190.83 09/15/25
09/15/25 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 0.00 1,804.83 1,804.83 09/15/25
09/15/25 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 0.00 1,437.92 1,437.92 09/15/25
09/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 497.25 497.25 09/15/25
09/15/25 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,786.92 1,786.92 09/15/25
09/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 191.25 191.25 09/15/25
09/15/25 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,741.50 1,741.50 09/15/25
09/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 747.00 747.00 09/15/25
09/15/25 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 0.00 771.08 771.08 09/15/25
09/15/25 ABBOTT LABORATORIES (CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 0.00 4,359.38 4,359.38 09/15/25
09/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 288.97 288.97 09/15/25
09/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,297.23 1,297.23 09/15/25
Page 25PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Security Transactions & Interest
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
09/15/25 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,010.63 1,010.63 09/15/25
09/15/25 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 1,149.33 1,149.33 09/15/25
09/15/25 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 0.00 1,754.08 1,754.08 09/15/25
09/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 350.73 350.73 09/16/25
09/16/25 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 0.00 321.00 321.00 09/16/25
09/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 1,074.24 1,074.24 09/18/25
09/20/25 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 0.00 1,559.71 1,559.71 09/20/25
09/20/25 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 0.00 384.17 384.17 09/20/25
09/20/25 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 0.00 290.00 290.00 09/20/25
09/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 376.39 376.39 09/21/25
09/23/25 FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 0.00 1,312.50 1,312.50 09/23/25
09/29/25 CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 0.00 21,761.25 21,761.25 09/29/25
139,439.12 139,439.12 0.00 Transaction Type Sub-Total
MATURITY
09/04/25 FEDERAL HOME LOAN BANK
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 0.00 150,000.00 450.00 0.00 150,000.00 09/04/25
09/15/25 ABBOTT LABORATORIES (CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 0.00 225,000.00 (32,845.50) 0.00 225,000.00 09/15/25
09/23/25 FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 0.00 700,000.00 2,107.00 0.00 700,000.00 09/23/25
Page 26PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Security Transactions & Interest
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
0.00 0.00 (30,288.50) 1,075,000.00 1,075,000.00 1,075,000.00 Transaction Type Sub-Total
PAYDOWNS
09/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 970.51 0.00 970.51 0.01 0.00 970.51 09/01/25
09/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 49.53 0.00 49.53 0.84 0.49 49.53 09/01/25
09/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 52.09 0.00 52.09 0.00 0.00 52.09 09/01/25
09/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 6,305.01 0.00 6,305.01 261.07 37.56 6,305.01 09/01/25
09/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 333.49 0.00 333.49 10.27 3.62 333.49 09/01/25
09/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 453.09 0.00 453.09 0.01 0.01 453.09 09/01/25
09/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 5,868.90 0.00 5,868.90 1.21 0.44 5,868.90 09/15/25
09/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 19,051.49 0.00 19,051.49 1.18 0.69 19,051.49 09/15/25
09/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 6,505.96 0.00 6,505.96 0.68 0.34 6,505.96 09/15/25
09/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 8,833.58 0.00 8,833.58 0.21 0.07 8,833.58 09/15/25
09/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 11,734.03 0.00 11,734.03 0.00 0.00 11,734.03 09/15/25
09/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 9,124.44 0.00 9,124.44 0.92 0.43 9,124.44 09/15/25
09/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 12,892.62 0.00 12,892.62 2.11 0.84 12,892.62 09/16/25
09/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 18,837.81 0.00 18,837.81 3.88 2.09 18,837.81 09/18/25
09/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 5,260.63 0.00 5,260.63 0.93 0.58 5,260.63 09/21/25
0.00 47.16 283.32 106,273.18 106,273.18 106,273.18 Transaction Type Sub-Total
Page 27PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Managed Account Security Transactions & Interest
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
09/05/25 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 226,951.17 124.31 227,075.48 4,403.32 3,479.76 FIFO 225,000.00 09/02/25
09/05/25 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 403,468.75 221.00 403,689.75 9,828.12 7,516.43 FIFO 400,000.00 09/02/25
09/05/25 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 2,471,246.10 1,353.59 2,472,599.69 87,855.47 65,981.32 FIFO 2,450,000.00 09/02/25
1,698.90 76,977.51 102,086.91 3,103,364.92 3,101,666.02 3,075,000.00 Transaction Type Sub-Total
441,286.86 118,061.25 559,348.11 72,081.73 77,024.67 Managed Account Sub-Total
Total Security Transactions $72,081.73 $559,348.11 $118,061.25 $441,286.86 $77,024.67
Page 28PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Account Statement
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate
CAMP Pool
568,855.03 Opening Balance
09/02/25 09/02/25 Purchase - Interest 13063D3N6 1.00 4,846.00 573,701.03
09/02/25 09/02/25 Purchase - Interest 571676AY1 1.00 2,591.33 576,292.36
09/02/25 09/02/25 Purchase - Interest 91282CGP0 1.00 61,500.00 637,792.36
09/02/25 09/02/25 Purchase-Interest 3137HDJJ0 1.00 2,558.11 640,350.47
09/02/25 09/02/25 Purchase-Interest 3137HDJJ0 1.00 2,145.33 642,495.80
09/02/25 09/02/25 Redemption-Interest 3137HDJJ0 1.00 (2,145.34) 640,350.46
09/02/25 09/02/25 Redemption-Interest 3137HDJJ0 1.00 (2,201.38) 638,149.08
09/04/25 09/04/25 Purchase - Interest 025816CS6 1.00 3,825.00 641,974.08
09/04/25 09/04/25 Purchase - Interest 3130AK5E2 1.00 281.25 642,255.33
09/04/25 09/04/25 Purchase - Principal 3130AK5E2 1.00 150,000.00 792,255.33
09/05/25 09/05/25 Purchase - Interest 02665WFQ9 1.00 8,800.00 801,055.33
09/05/25 09/05/25 Purchase - Principal 91282CGP0 1.00 3,101,666.02 3,902,721.35
09/05/25 09/05/25 Purchase - Interest 91282CGP0 1.00 1,698.90 3,904,420.25
09/05/25 09/05/25 Redemption - Principal 91282CEV9 1.00 (3,841,652.34) 62,767.91
09/05/25 09/05/25 Redemption - Interest 91282CEV9 1.00 (23,076.77) 39,691.14
09/12/25 09/12/25 Purchase - Interest 037833DB3 1.00 11,237.50 50,928.64
09/15/25 09/15/25 Purchase - Interest 002824BM1 1.00 4,359.38 55,288.02
09/15/25 09/15/25 Purchase - Interest 084664CZ2 1.00 5,462.50 60,750.52
09/15/25 09/15/25 Purchase - Interest 09290DAA9 1.00 18,212.50 78,963.02
09/15/25 09/15/25 Purchase - Interest 02582JJZ4 1.00 771.08 79,734.10
09/15/25 09/15/25 Purchase - Interest 02582JKD1 1.00 1,786.92 81,521.02
Page 29PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Account Statement
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate
CAMP Pool
09/15/25 09/15/25 Purchase - Interest 02582JKH2 1.00 2,157.37 83,678.39
09/15/25 09/15/25 Purchase - Interest 05522RDG0 1.00 678.58 84,356.97
09/15/25 09/15/25 Purchase - Interest 05522RDH8 1.00 747.00 85,103.97
09/15/25 09/15/25 Purchase - Interest 05522RDK1 1.00 897.92 86,001.89
09/15/25 09/15/25 Purchase - Interest 14041NGB1 1.00 1,010.63 87,012.52
09/15/25 09/15/25 Purchase - Interest 14041NGD7 1.00 1,804.83 88,817.35
09/15/25 09/15/25 Purchase - Interest 14318MAD1 1.00 168.75 88,986.10
09/15/25 09/15/25 Purchase - Interest 161571HT4 1.00 1,741.50 90,727.60
09/15/25 09/15/25 Purchase - Interest 254683CY9 1.00 1,149.33 91,876.93
09/15/25 09/15/25 Purchase - Interest 254683CZ6 1.00 1,437.92 93,314.85
09/15/25 09/15/25 Purchase - Interest 31680EAD3 1.00 1,297.23 94,612.08
09/15/25 09/15/25 Purchase - Interest 344928AD8 1.00 288.97 94,901.05
09/15/25 09/15/25 Purchase - Interest 41285JAD0 1.00 346.64 95,247.69
09/15/25 09/15/25 Purchase - Interest 437921AD1 1.00 397.71 95,645.40
09/15/25 09/15/25 Purchase - Interest 58773DAD6 1.00 2,190.83 97,836.23
09/15/25 09/15/25 Purchase - Interest 65480JAC4 1.00 191.25 98,027.48
09/15/25 09/15/25 Purchase - Interest 891940AC2 1.00 497.25 98,524.73
09/15/25 09/15/25 Purchase - Interest 92970QAJ4 1.00 1,754.08 100,278.81
09/15/25 09/15/25 Purchase - Principal 002824BM1 1.00 225,000.00 325,278.81
09/15/25 09/15/25 Purchase - Principal 14318MAD1 1.00 8,833.58 334,112.39
09/15/25 09/15/25 Purchase - Principal 31680EAD3 1.00 19,051.49 353,163.88
09/15/25 09/15/25 Purchase - Principal 41285JAD0 1.00 9,124.44 362,288.32
Page 30PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Account Statement
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate
CAMP Pool
09/15/25 09/15/25 Purchase - Principal 344928AD8 1.00 6,505.96 368,794.28
09/15/25 09/15/25 Purchase - Principal 65480JAC4 1.00 5,868.90 374,663.18
09/16/25 09/16/25 Purchase - Interest 362549AD9 1.00 321.00 374,984.18
09/16/25 09/16/25 Purchase - Interest 36265QAD8 1.00 350.73 375,334.91
09/16/25 09/16/25 Purchase - Principal 36265QAD8 1.00 12,892.62 388,227.53
09/16/25 09/16/25 Purchase-Principal 891940AC2 1.00 11,734.03 399,961.56
09/18/25 09/18/25 Purchase - Interest 43815QAC1 1.00 1,074.24 401,035.80
09/18/25 09/18/25 Purchase - Principal 43815QAC1 1.00 18,837.81 419,873.61
09/22/25 09/22/25 Purchase - Interest 05594BAD8 1.00 290.00 420,163.61
09/22/25 09/22/25 Purchase - Interest 438123AC5 1.00 376.39 420,540.00
09/22/25 09/22/25 Purchase - Interest 73329KAD8 1.00 384.17 420,924.17
09/22/25 09/22/25 Purchase - Interest 92348KDY6 1.00 1,559.71 422,483.88
09/22/25 09/22/25 Purchase - Principal 438123AC5 1.00 5,260.63 427,744.51
09/23/25 09/23/25 Purchase - Interest 3137EAEX3 1.00 1,312.50 429,057.01
09/23/25 09/23/25 Purchase - Principal 3137EAEX3 1.00 700,000.00 1,129,057.01
09/25/25 09/25/25 Purchase - Interest 3137BXQY1 1.00 1,477.67 1,130,534.68
09/25/25 09/25/25 Purchase - Interest 3137F1G44 1.00 1,486.38 1,132,021.06
09/25/25 09/25/25 Purchase - Interest 3137HACX2 1.00 2,208.71 1,134,229.77
09/25/25 09/25/25 Purchase - Interest 3137HAD45 1.00 1,720.51 1,135,950.28
09/25/25 09/25/25 Purchase - Interest 3137HAMH6 1.00 3,100.00 1,139,050.28
09/25/25 09/25/25 Purchase - Interest 3137HAMS2 1.00 2,000.00 1,141,050.28
09/25/25 09/25/25 Purchase - Interest 3137HAQ74 1.00 1,975.00 1,143,025.28
Page 31PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Account Statement
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate
CAMP Pool
09/25/25 09/25/25 Purchase - Interest 3137HAST4 1.00 1,515.63 1,144,540.91
09/25/25 09/25/25 Purchase - Interest 3137HB3D4 1.00 760.35 1,145,301.26
09/25/25 09/25/25 Purchase - Interest 3137HB3G7 1.00 1,113.75 1,146,415.01
09/25/25 09/25/25 Purchase - Interest 3137HBC69 1.00 1,549.88 1,147,964.89
09/25/25 09/25/25 Purchase - Interest 3136BQDE6 1.00 1,833.89 1,149,798.78
09/25/25 09/25/25 Purchase - Interest 3137BNGT5 1.00 550.99 1,150,349.77
09/25/25 09/25/25 Purchase - Interest 3137BSP72 1.00 1,215.96 1,151,565.73
09/25/25 09/25/25 Purchase - Interest 3137BTUM1 1.00 1,016.22 1,152,581.95
09/25/25 09/25/25 Purchase - Interest 3137HBLV4 1.00 1,104.90 1,153,686.85
09/25/25 09/25/25 Purchase - Interest 3137HDJJ0 1.00 2,145.13 1,155,831.98
09/25/25 09/25/25 Purchase - Interest 3137HDV56 1.00 1,730.67 1,157,562.65
09/25/25 09/25/25 Purchase - Interest 3137HDXL9 1.00 1,873.99 1,159,436.64
09/25/25 09/25/25 Purchase - Interest 3137HKXJ8 1.00 698.25 1,160,134.89
09/25/25 09/25/25 Purchase - Principal 3137HDJJ0 1.00 52.09 1,160,186.98
09/25/25 09/25/25 Purchase - Principal 3137HAD45 1.00 453.09 1,160,640.07
09/25/25 09/25/25 Purchase - Principal 3137BTUM1 1.00 333.49 1,160,973.56
09/25/25 09/25/25 Purchase - Principal 3137BNGT5 1.00 6,305.01 1,167,278.57
09/25/25 09/25/25 Purchase - Principal 3136BQDE6 1.00 49.53 1,167,328.10
09/25/25 09/25/25 Purchase - Principal 3137HBC69 1.00 970.51 1,168,298.61
09/29/25 09/29/25 Purchase - Interest 17325FBB3 1.00 21,761.25 1,190,059.86
09/29/25 09/29/25 IP Fees August 2025 1.00 (4,191.72) 1,185,868.14
09/29/25 09/29/25 U.S. Bank Fees July 2025 1.00 (223.29) 1,185,644.85
Page 32PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.
For the Month Ending September 30, 2025Account Statement
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate
CAMP Pool
09/30/25 10/01/25 Accrual Income Div Reinvestment - Distributions 1.00 1,848.94 1,187,493.79
1,187,493.79
1,187,493.79
1,187,493.79
521,810.16
9,131.80
0.00
(19,247,517.09)
20,165,090.96
269,919.92
1,848.94
1,187,493.79
0.00
(3,873,490.84)
4,492,129.60
568,855.03
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
September January-September
4.36%
Page 33PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.