Agenda packet — Beaumont City Council, April 7, 2026 (part 8 of 10)

CAtCHANDLER

ASSET MANAGEMENT
Request for Proposals for
Investment Advisory Services

CITY OF BEAUMONT
Comprehensive Investment Management. Chandler will provide discretionary investment management services for the City pursuant to the standard of care required as a fiduciary. We will collaborate with the City's staff to create and deploy customized investment strategies designed to address your specific needs. We will monitor investment opportunities and evaluate investments in the portfolio within the scope of a comprehensive strategy for safety, liquidity needs, and return. We will rebalance the portfolio appropriately to be resilient under changing economic conditions, looking to enhance safety, liquidity, and long-term return.

Regularly communicate and meet with City of Beaumont staff and be available for board meetings as needed. Chandler will meet with staff quarterly and be available to address policy makers per the City's requirements. We encourage ongoing discussions with your staff to keep your investment strategy aligned with your understood goals and objectives while remaining flexible enough to propose innovative solutions as your needs evolve.

Compliance Monitoring. We will monitor your portfolio to confirm compliance with your investment policy, state law, and any additional directives. When we begin our relationship with the City, a member of Chandler's compliance team will hard -code each specific element of the investment policy and any additional client directives into the system for the portfolio.

Reconciliation with Custodian Records and Settlement. Chandler's operations team performs daily reconciliations of cash balances and positions in all accounts. The team also invests in tools and technology to support the portfolio management process and simplify investment reporting and compliance.

Custodian Bank/Safekeeping Review and Selection. As part of our services, we can assist in setting up custodial and safekeeping arrangements. Your Relationship Manager will review your current custodial arrangement (if any), including contractual arrangement, services provided, your satisfaction with the services, and their cost. We can make recommendations for revisions in your existing relationship or assist in selecting a new custodian that best meets your needs.

Best Execution, Settlement, and Documentation. Chandler executes approved securities transactions on a transparent and highly competitive basis in accordance with our commitment to best execution and documents the quotes we receive. All trades will be settled at the third -party custodian bank using delivery -versus -payment (DVP) procedures.

Client Education. We will provide educational presentations based on best practices of public financial management. We have developed educational materials on a wide range of investment topics, including risk, duration, benchmarking and total return, corporate credit analysis, accounting, and others. Learning opportunities are offered quarterly via webinars and are available for continuing professional education (CPE) credits.

Serve as a General Resource for City Staff. We will keep you fully informed of investment strategies, market conditions, and developments that could impact you from a risk, opportunity, operational and/or statutory perspective. We will meet with your staff quarterly either in person or in a secure virtual setting. Our investment professionals will also be available by phone during business hours. Chandler's professionals excel at translating the details of the entire investment program efficiently and effectively to the City's finance staff, City Council, and other stakeholders.

We have reviewed the information provided regarding the Contract Services Agreement. Please reference our Proposed Additional Terms for Agreement and Sample Investment Services Contract in the Appendix. 24IPage

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CAtCHANDLER

ASSET MANAGEMENT
Request for Proposals for
Investment Advisory Services

CITY OF BEAUMONT
I. Project Schedule: Provide a comprehensive Critical Path Method (CPM) schedule describing the nature and estimated timeline of proposed work objectives and milestones. Gannt chart preferred.

Chandler will collaborate with City staff to create a seamless transition. We will use a kick-off meeting to establish working practices, confirm the format of all reporting, review the investment policy, and set up feeds for information gathering. We will work with your staff to confirm that our investment approach will effectively address the City's cash flow needs, target portfolio weighted average maturity, and statutory and investment policy requirements. A few important initial milestones involve notification to/selection of a custodian. We can assist with custodial selection if desired and can make recommendations of alternatives to serve as your custodian bank. The following list details the tasks necessary for implementation with an estimated start date of February 1, 2026. Our goal is to have the City fully onboarded so that we may begin investing within the first 60 days following notice of award and assuming there is no meaningful change in market conditions or interest rates. Our process is flexible, with a customizable timeline to effectively accommodate your requirements.

Implementation Timeline
Tasks
Timelines
Team
Contract Negotiations
•
Negotiate terms
•
Nicole Dragoo, JD, CEO
•
Execute investment management
Notice of award
•
Michael Rasmussen, JD, General
agreement
to Council
approval
Counsel and Chief Compliance Officer
•
Mia Corral Brown, Regional Director
Investment Program Implementation Upon Contract
Approval
•
Mia Corral Brown, Regional Director
•
Complete opening documentation
•
Gabrielle Eacock, Client Service
•
Establish or review the custodial
Specialist
relationship
Weeks 1-2
•
Karl Meng, Portfolio Strategist
•
William Dennehy II, CFA, Co -Chief
Investment Officer
Strategy Development
•
Kick-off Meeting
•
Review investment policy
•
Analyze cash needs
•
Karl Meng, Portfolio Strategist
•
Discuss investment objectives
•
William Dennehy II, CFA, Co -Chief
•
Assess risk parameters
Week 2-3
Investment Officer
•
Create a customized investment
strategy
•
Draft management directive for each
pool of funds
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CAtCHANDLER

ASSET MANAGEMENT
Request for Proposals for
Investment Advisory Services

CITY OF BEAUMONT
Preparing to Invest
•
Finalize management directive
•
Mia Corral Brown, Regional Director
•
Set up read-only access to a custodial
account
•
Gabrielle Eacock, Client Service
Specialist
•
Build assets in Chandler trading and
•
Karl Meng, Portfolio Strategist
accounting systems
Week 3
•
William Dennehy II, CFA, Co -Chief
•
Assign Chandler Client Portal credentials
Investment Officer
and train the City's staff
•
Michael Rasmussen, JD, General
•
Establish trading rules with Chandler
Counsel and Chief Compliance Officer
Compliance team
Investment of Funds
•
Confirm with the City and execute
funding strategy for initial purchases
•
Carry out active, discretionary
•
Karl Meng, Portfolio Strategist
investment to maintain target portfolio
structure
Week 4 and
ongoing
•
William Dennehy II, CFA, Co Chief
Investment Officer
•
Communicate regularly with staff;
provide monthly reports and quarterly
formal portfolio reviews
J. Cost proposal: Provide detailed cost of services.

Chandler is pleased to provide comprehensive investment management services to the City as described herein and in the City's Scope of Services in accordance with the following fee schedule:

Proposed Fee Schedule for the City of Beaumont
Assets Under Management Annual Asset Management Fee
First $50 million

0.09 of 1% (9 basis points)
Next $50 million

0.06 of 1% (6 basis points)
Over $100 million

0.04 of 1% (4 basis points)
Chandler charges management fees only on assets directly under our management. All fees are firm for the entire initial contract term and the City will not be subject to any increases during this period.

L. List of all current/outstanding contracts, their status, and the completion date for each contract.

Chandler provides ongoing investment management and advisory services to over 240 clients nationwide, including more than 165 public agencies in California, as of September 30, 2025. These engagements are professional services contracts that are continuously administered and renewed in accordance with each agency's governing documents and contractual terms. As a result, Chandler's contracts are at varying stages of their respective terms at any given time, with services delivered on an ongoing basis to support client objectives related to safety, liquidity, and return. Chandler maintains a strong record of long-term client relationships and consistent contract performance across its public agency client base. 26IPage

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CAtCHANDLER

ASSET MANAGEMENT
Request for Proposals for
Investment Advisory Services

CITY OF BEAUMONT
M. Any other information which should be considered, such as any special services or customer service philosophy which define your firm's practice.

Leveraging resources from across the Firm, we provide advice and investment analysis while bringing clients a personalized and local perspective. We are an investment management Firm founded by former investment officers of large public agencies, with the ability to understand your unique needs and how a successful investment program adds value to your entity's bottom line. Chandler works to distinguish itself from its competition in several ways, including its relationship with its clients through investment management capabilities. • Deep history and experience. Chandler's founder, CFO, and other key investment professionals have worked as investment officers and finance directors of public agencies. They possess extensive experience and knowledge of the challenges public entities face in effectively managing their assets. Since 1988, Chandler has assisted public agency clients with fulfilling their fiduciary duty to their constituents by providing high quality fixed income portfolios in a risk -conscious framework that conforms to all state laws and directives. Chandler has both depth (experience) and breadth (service capabilities) as an investment manager and is particularly qualified to meet the City's investment needs because of our decades of experience in safeguarding our clients' funds and structuring them to meet all objectives. • Based in California. Chandler has been headquartered in San Diego since its inception. Our investment professionals have deep experience in California's investment landscape and possess significant expertise in structuring portfolios that adhere to State Code. Investment professionals are in the same time zone as the City and will provide timely updates on changes in legislature and best investment practices for California public agencies.
• Resources. Chandler's clients count on our extensive research and analytical capabilities used to identify opportunities and minimize risk. Our access to market information, in conjunction with our proprietary credit review process, makes our services of significant value. Our independent compliance team will work to ensure that all trades conform to State Code, the City's investment policy, and the customized investment strategy that we will co -develop with the City's staff. • Independence. Chandler holds its fiduciary duty to our clients in the highest regard, which is why we remain an independent, employee -owned California corporation. We believe in creating strong partnerships with public agency staff who depend on transparency and integrity. We are committed to aligning with our clients to help them achieve their investment goals, rather than aligning our interests with a parent company to help its shareholders achieve their goals. • Access to portfolio managers. Chandler offers its clients direct access to its lead portfolio managers and other members of the investment management team who conduct research and analysis on your portfolio, allowing for customization and flexibility to changes in your program. Your key investment contacts and the rest of the investment management team will have a significant understanding of not only your investment portfolio, but also where it fits in your overall investment program. • Commitment to client success. We strive to ease the responsibility and operational requirements needed to effectively invest public assets. Our client -centered approach hinges on education, transparency, responsiveness and above -benchmark investment program outcomes.

Chandler provides clients with regular updates to keep you fully informed of investment strategies, market conditions and developments that are relevant to your investment program. We encourage ongoing discussions as needed to oversee that the investment strategy remains consistent with the understood goals and objectives.

Continued on next page
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CAtCHANDLER

ASSET MANAGEMENT
Request for Proposals for
Investment Advisory Services

CITY OF BEAUMONT
We communicate regularly via email to our clients with updates which include:
• Weekly economic updates to provide a concise summary of economic and market news of the current week, key economic indicators, and topics for the next week's economic data releases. The update is sent via an email service that clients and interested parties receive each Friday. • Monthly newsletter that includes a market summary, market data including major indices, yield curve, credit spreads, and economic indicators. The summary also includes commentary on economic data that was released intra-month.
• Ad hoc emails and communication such as Fed rate news, education pieces, whitepapers, technology and product updates.

Chandler's publications highlight conditions in the fixed income markets and economic indicators that may affect the bond markets, the yield curve, and Treasury yield spreads. Our weekly and monthly communications, whitepapers authored by investment professionals, participation at industry conferences and events, and other insights and news articles are available on our website: https://www.chandlerasset.com/insights As a Southern California investment manager, the City's engagement team will be available to travel to the City for meetings with the City Treasurer, staff, or City Council when needed or requested, at no additional cost to the City. Chandler's team will also attend any ad hoc or special meetings and present on fixed income topics throughout the year.

Ongoing Training of Chandler's Professionals
We provide our investment professionals with the training they need to stay informed on changes to the financial markets and evolving practices that impact our local government clients. Many of our investment professionals have demonstrated their understanding of and commitment to portfolio management by earning industry credentials, such as the Chartered Financial Analyst (CFA), the Certified Treasury Professional (CTP), and several Financial Industry Regulatory Authority (FINRA) licenses that require continuing education. Other team members are working to achieve these designations, and all employees are encouraged and supported to achieve these and other industry certifications or training that will assist them in their careers and give our clients access to knowledgeable professionals.

Our compliance professionals monitor regulatory changes affecting local governments and stay up to date on SEC updates and legislative changes. The Firm engages an outside consultant to assist us with the complex practice of regulatory compliance as it applies to varied aspects of the management of public funds.

Chandler is also deeply involved with the Government Finance Officers Association (GFOA). Our investment professionals and members of our compliance and operations teams are guided by the GFOA's publications and best practices regarding investment management, compliance, and Government Accounting Standards Board (GASB) reporting for public agencies. In addition, our investment and client service professionals serve as committee members and are active participants, sponsors, and speakers at national and regional associations in California such as the California Society of Municipal Finance Officers (CSMFO) and California Municipal Treasurer's Association (CMTA) that develop recommended best practices and training curricula. Through our involvement and participation with these organizations, Chandler's professionals stay informed about current themes and relevant topics affecting the constituents of the member entities.

Chandler's professionals are also involved on a local level. Individuals from Chandler's investment management team support the San Diego CFA Society's Board of Directors in serving its over 500 members. Chandler's professionals assist the program's chair by planning the calendar of industry focused events and sourcing speakers from academia, government, and consultants to present at events during the year. Additionally, members of our 28IPage

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CAtCHANDLER

ASSET MANAGEMENT
Request for Proposals for
Investment Advisory Services

CITY OF BEAUMONT
team serve on the Advocacy Committee which has initiatives and events such as "Putting Investors First", "Diversity and Inclusion" and "Women in Investment Management".

As a Firm comprised of nearly fifty percent women, a significant portion of Chandler's staff is also involved with Women in Public Finance (WPF), a non-profit, educational, and professional networking organization. Chandler's client service and investment professionals participate in educational activities and forums and foster WPF's mission to advance women's leadership opportunities in the public finance industry.

Chandler provides additional services that could add value to the City's investment program, including:
• Strategy development or customization of the City's internally managed cash and securities • Other Post -Employment Benefit (OPEB) management. Chandler has been managing OPEB accounts such as pension trusts and medical benefit trusts for clients since 2003. We use a multi -asset class strategy (Chandler's "MAC" Strategy) to achieve plan objectives and target returns. • Management of the City's cash in strategies including short-term securities as a supplement or alternative to Local Government Investment Pools/other overnight investment vehicles • Independent evaluation of California Local Government Investment Pool options, management of bond reserves and/or bond proceeds
• Custodial bank/safekeeping services review and selection • Broker/dealer selection and monitoring
N. The firm will be required to have professional liability insurance including liability at a minimum of one million per occurrence, worker's compensation, and vehicle coverage including comprehensive and collision insurance naming the City of Beaumont as additional insured. The proposal shall state whether such insurances will be in force at time of contract execution.

Chandler maintains a comprehensive, full -coverage insurance program with the relevant coverages provided by firms rated "Excellent" or better by AM Best Rating.

Please refer to our ACORD Certificate of Liability Insurance, provided in the Appendix, for a list of our insurance carriers.
29IPage

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CM
Chandler Asset Management
Appendices

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CM
Form ADV, Parts 1 and 2A and Privacy Notice

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For additional disclosures (Form ADV), please see htt3s://adviserinfo.sec.gov/firm/summary/107287.

If you have any further questions, please reach out to your relationship manager.

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Rev [06/2025]
WHAT DOES CHANDLER ASSET MANAGEMENT, INC. DO
WITH YOUR PERSONAL INFORMATION?
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

The types of personal information we collect and share depend on the product or service you have with us. This information can include:
• Social Security number and investment experience
• Account balances and transaction history
• Assets and income
When you are no longer our customer, we continue to share your information as described in this notice.

All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Chandler chooses to share; and whether you can limit this sharing.

For our everyday business purposes —
such as to process your transactions, maintain
your account(s), respond to court orders and legal
investigations, or report to credit bureaus
Yes
No
For our marketing purposes—
to offer our products and services to you
Yes
No
For joint marketing with other third -party financial
companies
No
We do not share
For our affiliates' everyday business purposes —
information about your transactions and experiences
Yes
No
For our affiliates' everyday business purposes—
information about your creditworthiness
No
We do not share
For our affiliates to market to you
Yes
No
For non -affiliates to market to you
No
We do not share
Call (858) 546-3737 or go to www.chandlerasset.com

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CHANDLER ASSET MANAGEMENT, INC.
1 How does Chandler protect my personal
information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law.

These measures include computer safeguards and secured files and buildings.

How does Chandler collect my personal
information?
We collect your personal information, for example, when you • Open an account or enter into an investment advisory agreement • Give us your income information and your contact information • Tell us about your investment or retirement portfolio We also collect your personal information from other companies Why can't I limit all sharing?
Federal law gives you the right to limit only
• sharing for affiliates' everyday business purposes —information about your creditworthiness
• affiliates from using your information to market to you • sharing for non -affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. [See below for more on your rights under state law.] r
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies.
• Chandler Asset Management, Inc. is affiliated with Chandler Distribution Services, LLC, a registered broker -dealer.

Non -affiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
■ Chandler Asset Management, Inc. does not share with non -affiliates so they can market to you
Joint marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
• Chandler Asset Management, Inc. doesn't jointly market. .

Information for Vermont, California and Nevada Customers In response to a Vermont regulation, if we disclose personal information about you to non-affiliated third parties with whom we have joint marketing agreements, we will only disclose your name, address, other contact information, and information about our transactions or experiences with you.

In response to a California law, we automatically treat accounts with California billing addresses as if you do not want to disclose personal information about you to non-affiliated third parties except as permitted by the applicable California law. We will also limit the sharing of personal information about you with affiliates to comply with all California privacy laws that apply to us.

Nevada law requires us to disclose that you may request to be placed on our "do not call" list at any time by calling 1- 831-759-6300. To obtain further information, contact the Bureau of Consumer Protection, Office of the Nevada Attorney General at 555 E. Washington Ave., Suite 3900, Las Vegas, NV 88101; phone 1-702-486-3132; email [email protected]

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CAS
ACORD Certificate of Liability Insurance

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Client#: 62001

CHANDAST

ACORDTM CERTIFICATE OF LIABILITY INSURANCE
DATE (MM/DD/YYYY)o8/2s/2o25
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer any rights to the certificate holder in lieu of such endorsement(s).

PRODUCER
Starkweather & Shepley (WW)
Insurance Corp. of MA
PO Box 549
Providence, RI 02901-0549

CONTACT
Sarah Nagle
PHONE 781 320-9660 FAX 508-718-2407
(A/C, No, Ext): (NC, No):

E-MAIL starshele com
ADDRESS: sna g @ p

INSURER(S) AFFORDING COVERAGE
NAIC #
INSURER A : Travelers Casualty Ins Co. of America
19046

INSURED
Chandler Asset Management Inc
9255 Towne Centre Drive
Suite 600
San Diego, CA 92121
INSURER B : Travelers Insurance Company
25674
Hartford Fire Insurance Company INSURER C : P y
19682
INSURER D : Twin City Fire Insurance Company
29459
INSURER E : Houston Casualty Co
42374
INSURER F :

COVERAGES
CERTIFICATE NUMBER:

REVISION NUMBER:

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

INR
LTR

TYPE OF INSURANCE
INSR
WVD

POLICY NUMBER

POLICY EFF

POLICY EXP
(MM/DD/YYYY)
LIMITS
A
X

COMMERCIAL GENERAL LIABILITY
Y
Y
6802C07960542
09/01/2025
09/01/2026

EACH OCCURRENCE
$2,000,000

CLAIMS -MADE
X
OCCUR

DAMAGE TO RENTED
PREMISES (Ea occurrence)

$1,000 ,000
MED EXP (Any one person)
$5,000

PERSONAL & ADV INJURY
$2,000,000

GENERAL AGGREGATE
$4,000,000
GEN'L

AGGREGATE
X

LIMIT APPLIES
PRO -
PER:

LOC

PRODUCTS - COMP/OP AGG
$4,000,000
$
A

AUTOMOBILE
X
X

LIABILITY

ANY AUTO
OWNED
X

SCHEDULED
AUTOS
Y

ANUUT S ONLD
Y
Y
BA4N11595742
09/01/2025
09/01/2026
Ea COMBIaccideNEDnt)SI LIMIT
(
$s000rNGLE
1 000

BODILY INJURY (Per person)
$
BODILY INJURY (Per accident)
$

PROPERTY
(Per accident) AMAGE
$
$
B
X

UMBRELLA LIAB

EXCESS LIAB
X
OCCUR

CLAIMS -MADE
Y
Y
CUP2C08502242
09/01/2025
09/01/2026

EACH OCCURRENCE
$10,000,000

AGGREGATE
$10,000,000
DED
X
RETENTION $0
$
C

WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY

ANY PROPRIETOR/PARTNER/EXECUTIVE
OFFICER/MEMBER EXCLUDED?
(Mandatory in NH)
If yes, describe under
DESCRIPTION OF OPERATIONS below
Y/ N
N
N / A
Y
02WECCR2756
09/01/2025
09/01/2026
X
PER

STATUTE
OTH-
ER
E.L. EACH ACCIDENT
$1,000,000
E.L. DISEASE - EA EMPLOYEE
$1,000,000
E.L. DISEASE - POLICY LIMIT
$1,000,000
0 m G
Professional Liab
Cyber Liabilty
Crime
08DC021984525
H24NGP20973104
08FA024546725
08/02/2025
08/02/2025
08/02/2025
08/02/2026
08/02/2026
08/02/2026
$10,000,000
$5,000,000
$10,000,000
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) TOTAL PROFESSIONAL LIABILITY LIMITS $40,000,000 see below Endurance Risk Solutions #43630 1st Excess Professional #FIX30001867805 Eff 8/2/25 Exp 8/2/26 Limit: $10,000,000
ACE American Insurance #22667 2nd Excess Professional #G71853354001 Eff 8/2/25 Exp 8/2/26 Limit: $10 ,000,000
(See Attached Descriptions)

CERTIFICATE HOLDER

CANCELLATION
Chandler Asset Management, Inc
9255 Towne Center Drive, Suite 600
San Diego, CA 92121

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

AUTHORIZED REPRESENTATIVE
ACORD 25 (2016/03) 1 of 2
#S2679454/M2679453
11 11 �Fc� © 1988-2015 ACORD CORPORATION. All rights reserved.

The ACORD name and loroaefgarat rliaYkS Df ACORD
LMV

DESCRIPTIONS (Continued from Page 1
Continental Casualty #20443 3rd Excess Professional #833887069 Eff 8/2/25 Exp 8/2/26 Limit: $10,000,000
SAGITTA 25.3 (2016/03) 2 of 2
#52679454/M2679453

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CAS
Biographies

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CHANDLER

ASSET MANAGEMENT
Investment Management
William Dennehy II, CFA
Co -Chief Investment Officer
William Dennehy is a Co -Chief Investment Officer at Chandler Asset Management and maintains multiple leadership responsibilities at the firm, including being a member of the Executive Leadership Team since 2016, focused on setting the overall strategic direction of the firm. Specific to the investment team, William co-chairs both the Economic and Market Analysis Committee as well as the Credit Committee and is also a voting member of the firm's Multi -Asset Class Committee. In addition to his responsibilities in helping to lead the investment team, he is also actively involved with specific client relationships to implement portfolio strategies and securities trading. Of particular emphasis during his time at Chandler, which began in 2011, has been collaborating with clients to expand their investment mandates in an effort to identify more creative and robust investment strategy solutions to meet client goals.

Prior to joining Chandler, William spent 10 years working for Northern Trust Global Investments in Chicago, IL, most recently as a Senior Portfolio Manager and Vice President, with a wide range of responsibilities in asset allocation, quantitative and qualitative analysis, and trading in client accounts. William began his investment career in New York City, working for several financial institutions, including Kidder Peabody, Swiss Bank, and UBS, primarily trading short term interest rate products to support the overall capital market operations of the respective institutions.

William earned his B.S. in Business Administration with an option in Finance from California State University at Chico.

He is a member of the CFA Institute and the CFA Society of San Diego and holds the designation of Chartered Financial Analyst (CFA).

Scott Prickett, CTP
Co -Chief Investment Officer
Scott Prickett is a Co -Chief Investment Officer. He is responsible for managing the Portfolio Strategist Team as well as building and maintaining client relationships with a focus upon developing and enhancing client investment programs. Scott actively participates in the portfolio management process and meets with clients on a regular basis to review their accounts, portfolio activity, portfolio strategy and financial markets. Scott started his investment industry career in 1987, with a focus largely on managing short-term fixed income strategies for governmental and institutional non-profit clients.

Prior to joining Chandler, Scott was Managing Director and Portfolio Manager at Davidson Fixed Income Management. Scott was directly responsible for managing over $750 million in client assets and had management responsibilities over multiple business units with combined total assets of over $5 billion. These included taxable and tax-exempt SMA programs, a Local Government Investment Pool (LGIP) and SeaCap Investment Advisors. At ALPS Mutual Fund Services, Scott played a key role in developing two SEC registered mutual funds. Scott also spent two years at Pacific Investment Management Company (PIMCO) as a fixed income Portfolio Specialist for over $1.4 billion in assets.

Scott is a graduate of the University of Northern Colorado with a degree in business administration with an emphasis in Finance. Scott has earned the Association of Financial Professionals designation as a Certified Treasury Professional (CTP) and is a frequent speaker for various local and national organizations.

Jayson Schmitt, CFA
Co -Chief Investment Officer
Jayson Schmitt is a Co -Chief Investment Officer at Chandler Asset Management. In addition to his duties as a Co -CIO, he oversees daily trading. He has been instrumental in the development and integration of quantitative analytic tools for the portfolio management process. Jayson co-chairs both the Quantitative Analysis Committee and Multi -Asset Class Committee and is also a member of the Economic and Market Analysis Committee.

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CHANDLER

ASSET MANAGEMENT
Prior to joining Chandler in 1995, Jayson was employed as a Financial Analyst with USA Federal Credit Union in San Diego, managing a $100 million liquidity book. His responsibilities there also included asset/liability management.

Jayson earned his B.A. in economics from San Diego State University. He is a member of the CFA Society of San Diego and holds the designation of Chartered Financial Analyst.

Daniel Delaney, CFA
Deputy Chief Investment Officer
Daniel (Dan) Delaney is a Deputy Chief Investment Officer at Chandler Asset Management. He plays a pivotal role in investment strategy development and portfolio risk management alongside the Co-CIOs and is responsible for implementing portfolio strategy and securities trading in client accounts. Dan is co -Chair of the Sector Committee and a member of both the Credit Committee and the Economic and Market Analysis Committee.

Prior to joining Chandler in 2021, Dan was a Senior Portfolio Manager with Allianz Global Investors, based in New York, responsible for managing Global Credit mandates. He also spent ten years as a Global Credit Analyst and Portfolio Manager with Rogge Global Partners, both in London and New York.

Dan earned a B.A. (Honors) degree in Business Economics from the University of Exeter, UK. He holds the designation of Chartered Financial Analyst (CFA).

Genny Lynkiewicz, CFA
Senior Portfolio Manager
Genny Lynkiewicz is a Senior Portfolio Manager at Chandler Asset Management. She is responsible for implementing portfolio strategy and securities trading in client accounts.

Prior to joining Chandler in 2015, Genny worked at BMO Asset Management in Chicago where she managed over $8 billion in taxable money market funds, securities lending portfolios and separately managed accounts. Genny earned a B.B.A. in Finance, Investment & Banking and a Certificate in International Business from the University of Wisconsin, Madison. She holds the designation of Chartered Financial Analyst.

Alayne Marie Sampson, CTP
Portfolio Strategy Manager
Alayne Marie Sampson, CTP, joined Chandler Asset Management in 2022 as a Senior Portfolio Strategist, bringing a dynamic combination of business acumen, market knowledge and insatiable curiosity to the firm. During her 20+ year career, Alayne has held roles in process improvement and systems analysis, marketing, operations and multiple facets of finance, making her a go -to resource for clients and colleagues alike.

One of her favorite ways of supporting clients is helping them understand market conditions and the broader economy so they can put public funds to their best and highest use within communities. As a member of Chandler's Credit Committee, she assesses the financial health and trajectories of companies that might benefit client portfolios and keeps a pulse on economic trends. She is known for being an excellent presenter and is frequently invited to speak at industry events and educational sessions.

Alayne is a graduate of Cornell University with her B.A. in Women's Studies. She holds the FINRA Series 65 registration and the Certified Treasury Professional (CTP) designation.

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John McDowell, CFA, CMT
Senior Portfolio Manager
John McDowell is a Senior Portfolio Manager at Chandler Asset Management. He is responsible for implementing portfolio strategy and securities trading in client accounts and contributing to the firm's market outlook.

Prior to joining Chandler in 2023, John spent eleven years performing fundamental company and market research and analysis and portfolio management at an investment management firm in Santa Monica and the Irvine Company in Newport Beach. John was also an equity trader with a private practice for five years.

John earned a B.S. degree in Electrical Engineering from the University of Southern California and an M.B.A. from the New York University Stern School of Business. He holds the designation of Chartered Financial Analyst (CFA) and Chartered Market Technician (CMT).

Chris Blackwood
Senior Portfolio and Investment Pool Strategist
Chris Blackwood joined Chandler in 2024 as a Senior Portfolio and Investment Pool Strategist. He brings more than 25 years of experience in the financial services industry, with a focus on local government investment pools (LGIPs), separately managed accounts and bond proceeds portfolios.

Prior to joining the firm, Chris was a managing director at PFM Asset Management, providing investment advisory services to local governments throughout the Rocky Mountain region. His experience also includes serving as an administrator and/or portfolio manager for three LGIPs; as a research director for several bond underwriting firms; and as a senior economist to the Governor of Colorado. He is the author of four books, including his most recent publication, Investing Public Funds in Colorado, a definitive guide to permitted public investments in the Centennial State.

Chris holds a bachelor's and master's degrees in economics from the University of Colorado and has executive education from the University of Denver and the Massachusetts Institute of Technology.

Julie Hughes
Senior Portfolio Strategist
Julie Hughes, Senior Portfolio Strategist, has more than 30 years of finance, strategy, and client relationship management experience. Julie works extensively with clients to develop and implement investment strategies for operating funds and bond proceeds. She is a frequent speaker at industry conferences and regularly writes the Firm's economic and market commentary. She is a member of Chandler's Economic and Market Analysis Committee and Qualitative analysis Committee.

Prior to joining Chandler, Julie worked as a fixed income portfolio manager, municipal advisor, and municipal credit analyst for Davidson Fixed Income Capital Management, where she served as a portfolio strategist for the City of Tamarac. She has deep expertise with structured products and hedging interest rate risk for municipal dept. In addition to advising the public sector, Julie has held positions in corporate strategy and management consulting.

Julie earned an M.B.A. from the Wharton School of the University of Pennsylvania and a B.A. in Marketing from the University of Texas of Austin.

Carlos Oblites
Senior Portfolio Strategist and Investment Pool Strategist Carlos Oblites is Senior Portfolio Strategist and Investment Pool Strategist at Chandler Asset Management. He is responsible for building and maintaining client relationships with public agencies along with participating actively in the portfolio management process. Carlos has 29

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years of investment and financial experience, focused largely on managing short-term fixed income and pension strategies for governmental and institutional non-profit clients. Carlos currently serves as Co -Chair of the firm's Multi Asset Class Committee. He also serves as a member of the Government Finance Officers Association's (GFOA) Committee on Retirement and Benefits Administration (CORBA), which tracks new industry practices, regulatory and legislative developments, and issues best practices to assist public pension and personnel officers effectively manage state and local retirement funds and employee benefits.

Prior to joining Chandler, Carlos served as the Administrative Services Manager at Central Marin Sanitation Agency (CMSA) and was responsible for all aspects of the Agency's financial, human resources, administrative support, and information systems activities. He also has significant expertise in serving California public agencies, healthcare, and insurance clients through his roles as Director at PFM Asset Management, and as a Principal at Wells Capital Management. Previous responsibilities include managing a variety of institutional client relationships and developing, implementing, and monitoring customized investment strategies for operating funds, bond proceeds, pension, and post -retirement funds. Carlos has also worked as a teacher for the Long Beach Unified School District.

Carlos holds a B.A. degree in History from the University of California, Santa Barbara, and earned a M.B.A. from San Francisco State University.

Steve Huntley
Senior Portfolio Strategist
Steve Huntley joined Chandler in March of 2025 as a Senior Portfolio Strategist. His responsibilities include maintaining relationships with clients and helping guide their portfolios through varying market cycles.

Prior to joining Chandler, Steve served as the Director of Finance and Administration at the City of Farmersville in Central California while holding multiple leadership roles in the broader financial industry. He served on the Board and the Executive Committee of Central San Joaquin Valley Risk Management Authority (CSJVRMA) for more than a decade, including a term as President from 2020 to 2022. He also served on the board of the California Affiliated Risk Management Authority (CARMA, an excess liability JPA), from 2019-2025, and helped found CARMA's Captive Insurance Company, California Affiliated Risk Management Authority Captive (CARMAC). Steve has six years of private -sector investment experience from Capital Group and Cambridge Investment Research.

Steve graduated from Biola University with his B.S. in Business Administration Management. He holds his Certified Public Finance Officer (CPFO) designation and is a Senior Certified Professional through the Public Sector HR Association (PSHRA-SCP). When Steve isn't assisting clients, he enjoys hiking, camping, and snowshoeing with friends and family and visiting national parks (nearly 30 and counting!).

Scott Stitcher, CFA, CMFC
Senior Portfolio Strategist
Scott Stitcher joined Chandler in 2025 as a Senior Portfolio Strategist in the Clearwater, Florida office. As a member of the Chandler Investment Team, he is responsible for building and maintaining client relationships with public entities, along with participating actively in the portfolio management process. Scott has 28 years of investment experience, focused largely on working with governmental, corporate and non-profit clients.

Before joining Chandler, Scott was a director at PFM Asset Management (PFMAM), a division of U.S. Bancorp Asset Management, Inc. where his focus was primarily on providing a broad range of investment advisory and consulting services, including developing investment strategies, modeling cash flows; and reviewing portfolio performance and investment policy development for operating, reserve, bond proceed and multi asset class portfolios.

Before joining PFMAM, Scott was a senior investment consultant with the Newport Group, Inc. where he was responsible for institutional retirement plan clients. Prior to the Newport Group, Scott was a senior vice president and director in Institutional Client Management with Evergreen Investments, the asset management division of

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Committee.

Wachovia (later Wells Fargo). In that position he worked with clients on the planning, implementation and ongoing supervision of their investment strategies.

Scott graduated from West Virginia University with a degree in Finance with an emphasis on Security Markets and Investments. Scott is a member of the CFA societies of Atlanta and Orlando and holds the designation of Chartered Financial Analyst (CFA). Additionally, he holds the Chartered Mutual Fund Counselor (CMFC) designation previously awarded by the College for Financial Planning, now part of Kaplan, Scott holds the FINRA series 7 and 63 licenses.

Jason Washburn, CFA
Credit Analyst
Jason Washburn, CFA, joined Chandler in 2025 as a credit research analyst, bringing nearly 20 years of investment industry experience spanning private equity, equity research, and portfolio valuation.

Previously, Jason led a team at Franklin Templeton, which was responsible for valuing private equity and debt holdings. He has also worked for KeyBanc, where he published sell -side equity research on IT services and fintech.

He began his career at CaIPERS, investing in private companies through leveraged buyouts and growth equity strategies. He earned his Master of Science in Financial Analysis from the University of San Francisco and is a CFA charter holder.

Karl Meng
Portfolio Strategist
Karl Meng joined Chandler Asset Management in 2022 as a Portfolio Strategist, bringing extensive market and economic expertise to the firm. He is an integral member of the Investment Management Team, actively contributing to portfolio management and cultivating client relationships. Karl also serves on the Economic and Market Analysis Committee and provides regular written economic commentary for both internal use and broader distribution. His primary focus is identifying and communicating key investment themes and trends for integration into client portfolios.

With over 18 years of experience spanning Fixed Income Institutional Sales & Trading and Portfolio Strategies, Karl brings a deep understanding of the fixed income markets. Prior to joining Chandler, he was Vice President at Vining Sparks IBG LP, responsible for establishing and maintaining trading relationships with government entities and institutional asset managers. Karl holds a B.A. in Economics from San Diego State University and currently holds FINRA Series 7, 63, and 65 licenses. He is currently pursuing the Chartered Financial Analyst® designation.

Stephen Church
Trader/Assistant Portfolio Manager
Stephen Church joined Chandler in 2022 as an Assistant Portfolio Manager. He is responsible for supporting the investment management team with portfolio and fixed income research as well as assisting with trading and reporting issues. In addition to assisting with the implementation of portfolio strategies, he is a member of the Quantitative Analysis Committee and the Credit Previously, Stephen worked as an Associate Portfolio Manager at Hearthstone Wealth Management where he provided research on economic and market conditions, trends, asset classes, individual investments, and investment strategies as well as assisted in investment model construction, implementation, management, and maintenance.

Prior to working at Hearthstone, he worked at Fisher Investments as a Research Analyst within the Portfolio Evaluation Group.

Stephen graduated from the University of Arizona in 2012 with a B.S. in Business Administration. Stephen is currently pursuing the Chartered Financial Analyst® designation.

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Aaron Nail, CFA
Portfolio Manager
Aaron Nail joined Chandler in 2022 as an Assistant Portfolio Manager. He is responsible for supporting the investment management team with portfolio and fixed income research as well as assisting with trading and reporting issues. In addition to assisting with the implementation of portfolio strategies, he is a member of the Sector Committee and Credit Committee.

Previously, Aaron worked as a Capital Markets Analyst at Wells Fargo Securities where he was responsible for assisting traders with new issues, repricing current securities, and placing trades with other primary dealers. Aaron was also providing economic and fixed income research to trading, sales and upper management.

Aaron graduated from the University of North Carolina at Charlotte in 2016 with a B.S. in Finance. He holds the FINRA Series 7 and 63 registrations. He is a member of the CFA Institute and the CFA Society of San Diego and holds the designation of Chartered Financial Analyst (CFA).

Kara Hooks , CTP
Portfolio Strategist
Kara Hooks, CTP, joined Chandler Asset Management in 2012 as an administrative assistant and has had a front row seat to the firm's growth ever since. Within a year of joining the team, she was tapped to help build and grow the firm's client service function, instilling the values of proactive communication, fiduciary responsibility, and doing right by every client into the company's core values.

When she moved from the Client Service Director role to the investment side of the business to become a Portfolio Strategist in 2022, she took those client -centric fundamentals with her. Today, she serves as a primary contact for public agency finance staff across the Western region of the U.S., helping clients understand current market dynamics, choose appropriate investment strategies, update investment policies in line with government code, and build investment programs that benefit their communities.

Kara graduated with her B.A. in communication, emphasis in public relations, from University of the Pacific and earned her M.A. in communication from San Diego State University. Kara was awarded the CFA Institute's Investment Foundations Certificate (formerly Claritas® Investment Certificate) in 2013. She holds the FINRA Series 65 license and the Certified Treasury Professional (CTP) designation. She is a frequent speaker for various local and national organizations.

Kyle Perry
Associate Portfolio Strategist
Kyle Perry joined Chandler Asset Management in 2024 as an Associate Portfolio Strategist.

He actively participates in the portfolio management process with a focus on building and maintaining client relationships. He is responsible for identifying and communicating key investment themes and trends for implementation into client portfolios.

Prior to joining Chandler, Kyle owned a commercial insurance business and worked as an investment advisor and broker with Farm Bureau. He holds the FINRA Series 6, 7, and 65 registrations.

Kyle was a Division I football player for the University of Idaho, where he graduated with a B.S. in Finance in 2020, and earned his Master's in Finance from the University of Colorado in 2024. In his spare time, he coached high school football and baseball while studying for his FINRA exams.

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Rare Williams, CFA
Associate Portfolio Manager
Rare Williams joined Chandler Asset Management in 2024 as an Associate Portfolio Manager. In this role, he supports the investment management team with portfolio strategy, fixed income research, trading execution, and reporting.

Before joining Chandler, Rare worked as a Trader at Fidelity Investments, where he specialized in executing complex multi -asset class trades, with a focus on options strategies and margin risk management. He also provided analytical support for trade execution, corporate actions, and portfolio strategy implementation.

Rare earned his B.S. in Finance from Central Michigan University in 2017. He holds FINRA Series 7, 63, 65, and 66 licenses and the designation of Chartered Financial Analyst (CFA). He is also a member of the CFA Institute and the CFA Society of San Diego.

Yi Shao, PhD
Associate Portfolio Manager
Yi Shao joined Chandler Asset Management in 2024 as an Associate Portfolio Manager. She is responsible for portfolio management, trading, and research.

Previously to Chandler, Yi worked as an Investment Professional at Nationwide Mutual where she was responsible for external manager selection and monitoring of long-term strategies. Yi was also involved in macroeconomic and geopolitical research. Prior to Nationwide, Yi worked at Huntington National Bank and was a member of the quantitative risk modeling team.

Yi graduated from Oklahoma State University at Stillwater with a Ph.D. in Economics. She is currently pursuing her Chartered Financial Analyst (CFA) designation.

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Business Development
Ryan Tauber
Chief Operating Officer
Ryan joined Chandler Asset Management as Managing Director of Business Development in 2020 and was promoted to Chief Operating Officer in 2024. As COO, Ryan is responsible for leveraging new technology, building efficient processes, leading high -performing teams, and spearheading new initiatives that drive business growth and deliver exceptional client experiences. He oversees the Marketing, Client Service, Relationship Management and Operations departments.

Prior to joining Chandler, Ryan worked in business development, strategy and risk management roles for multiple prominent financial institutions, including Morgan Stanley, Bank of America, and Union Bank. He earned his M.B.A. from Pepperdine University and his undergraduate degree in Finance from the University of Southern California.

Hillary Schuler -Jones
Director of Marketing
Hillary Schuler -Jones is a Director of Marketing and joined the firm in 2023. She is responsible for shaping the company's marketing strategy, driving growth in key segments, and ensuring the brand is consistently and effectively represented across all channels.

Hillary has nearly 20 years of experience in marketing, advertising, and public relations. Prior to joining Chandler, she served as Director of Downstream Marketing for a Breg, Inc., where she oversaw corporate communications, events, channel marketing and customer experience. She is a passionate word nerd and grammar fanatic. Prior to Breg, she held roles at The Omidyar Group, Porter Novelli and Sharp HealthCare.

Hillary earned her MBA and dual Bachelor's degrees in Journalism and Political Science from Cal Poly, San Luis Obispo.

Mia Corral Brown
Regional Director
Mia Corral Brown is a Regional Director at Chandler. Leveraging over two decades of experience providing client service to both institutional and public sector clients, Mia's area of focus is on business development and engagement oversight for Public Sector clients in Southern California which include, Cities, Water Districts, Counties, Special Districts and Joint Power Authorities.

In her tenure at Chandler, Mia has served as an Associate, Vice President, Senior Vice President and Sr. Relationship Manager. She is adept at working alongside Public Agencies to provide comprehensive investment management and client service solutions.

Prior to joining Chandler, Mia was employed at Nicholas Applegate Capital Management as an Assistant Marketing Manager and has worked as a Sales Assistant in her early years in the Financial Industry. Mia is an active member of the California Society of Municipal Finance Officers (CSMFO), the Government Finance Officers Association (GFOA), California Municipal Treasurers Association (CMTA), and is a Member of the California Association of California Treasurers and Tax Collectors and several other Associations which support CA Public Agencies. Mia is a founding member of Women in Public Finance, San Diego Chapter and is a member of our Firm's DEIB Committee.

Mia is a graduate of San Diego State University where she earned her B.A. in communications with an emphasis in business. She currently holds her FINRA SIE, Series 7 and Series 63 licenses.

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r!
MeI Hamilton
Senior Relationship Manager
MeI Hamilton is a Senior Relationship Manager at Chandler Asset Management. He is responsible for developing and servicing institutional client relationships in the Southeast, including public agencies, healthcare organizations, higher education, insurance funds, and special districts. MeI has over 25 years of investment industry experience that has focused on developing and enhancing investment programs encompassing fixed income and equity strategies for government and institutional clients.

MeI joined the Firm in 2014. Prior to joining Chandler, Mel was a Senior Vice President at Davidson Fixed Income Management where he served as a Director of Client Services. He was also a Senior Managing Consultant at PFM Asset Management where he led the firm's efforts in the Southeast for public agencies, healthcare, higher education, and insurance funds. He also previously worked at Trustco Capital Management where he led not for profit institutional sales in Florida.

MeI is a graduate of the University of Virginia, McIntire School of Commerce, with his B.S. in Business Administration.

He also currently holds FINRA Series 7, 63 and 65 registrations.

Neil Murthy
Senior Relationship Manager
Aneil (Neil) Murthy is a Senior Relationship Manager and joined the firm in 2020. He has over a decade of experience in finance servicing public agency and institutional clients. Neil's area of focus is on the development of client relationships in the public sector and he serves as a relationship manager for existing clients throughout Northern California.

Prior to joining Chandler, Neil was a Relationship Manager for BNY Mellon Corporate Trust's Public -Not -For -Profit segment and was dedicated exclusively to California. Neil's responsibilities included ensuring satisfaction for the bank's high value clients and seeking out new opportunities. In this role, Neil serviced California cities, counties, special districts and transportation authorities and gained a broad understanding of the specific investment needs and financial challenges these entities face. Neil also worked for The Hartford Financial Services and served in a variety of client facing roles.

Neil is a graduate of the University of Connecticut with a B.A. in Political Science and earned an M.B.A. from Post University. Neil holds the FINRA Series 7, 63 and 65 registrations.

Victor Shin
Senior Relationship Manager
Victor Shin joined Chandler in 2025 as a Senior Relationship Manager. With over two decades of experience in the finance industry, Victor's responsibilities at Chandler involve developing client relationships in the public sector and with a focus of managing current relations throughout California.

Prior to joining Chandler, Victor was the Director of the Government Banking Division at BMO Bank N.A, where he covered Northern California and the Pacific Northwest focusing on municipalities providing Treasury Management, Public Finance and Fixed Income Strategies. Victor also currently holds the role of Senior Adjunct Professor at Golden Gate University in San Francisco, where he teaches Management and Organizational Leadership.

As for Victor's community involvement, he is the President and Chairman of the Board for the Asian Business League of San Francisco. He has a variety of involvements with government associations as well, such as CSMFO, CACTTC (Associate Chair), CMTA, GFOA WASBO, and the Oregon GFOA.

Victor completed his BA in Accounting/Management at Sonoma State in 1996 and obtained his Executive M.B.A. at Golden Gate University in San Francisco in 2004.

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Lili Arnsdorff
Relationship Manager
Lili Arnsdorff joined Chandler Asset Management in 2023 as a Relationship Manager. She is responsible for the development of institutional client relationships across the southeastern United States including public agencies, healthcare organizations, higher education, insurance funds, and special districts.

Lili has spent her career in the Financial Services Industry and comes from a technological background. Her previous roles include time with Nasdaq, John Hancock, and Backstop Solutions in various client -facing roles based in Atlanta.

In her previous roles, she worked with the investment teams for Institutional Investors such as Public Pensions, Endowments, Foundations, and Consultants. She holds professional certifications including FINRA Series 7 and 63, Life Insurance and Variable Annuity Certification, and a B2 Certification in Spanish Language.

She graduated from the University of Tennessee with a B.S. in Communications with an emphasis in Spanish and Business.

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Investment Support Services
Kristin Franco
Investment Support Services Director
Kristin Franco joined Chandler in 2022 as the Director of Investment Operations. She is responsible for implementing investment operation best practices, supervising the operations team, and managing the supporting accounting/investment systems and processes.

Prior to joining the firm, Kristin served as Vice President and Head of Account Implementation in PIMCO's Municipal SMA Client Service and Operations department. Kristin has over 15 years in the financial industry where she served in various Client Service and Operational roles at Gurtin Municipal Bond Management LLC, Wells Fargo Advisors, LLC and Merrill Lynch.

Kristin is a graduate of Humboldt State University where she earned her B.A in Psychology with an emphasis in Organizational Management. Kristin also received her M.A. in Management from the University of Redlands with an emphasis in Training, Coaching, and Development.

Stacey Alderson, CTP
Fund Accounting and Administration Director
Stacey Alderson joined Chandler Asset Management in 2014 and is a Client Service Director. Stacey oversees the daily responsibilities of the Client Service team including client communication, client reporting, and review/processing of client requested account activity. Stacey collaborates with all departments at Chandler to respond to account -related questions and changes, as well as coordinates the onboarding process of new client accounts.

Stacey serves as a liaison between clients and the Chandler team to facilitate the onboarding of new client accounts, proactively schedule client meetings, maintain existing client relationships, create and distribute client reports, and respond to client -generated requests. In addition, Stacey has significant expertise in assisting clients with cash flow analysis and in developing and maintaining cash flow projections within their treasury management operations.

Stacey began working in the financial services industry in 1998 through positions in both banking and asset management. She earned her B.A. in business administration with an emphasis in accounting from the University of Montevallo. Stacey has received the AFP designation as a Certified Treasury Professional (CTP).

Gabrielle Eacock
Client Service Specialist
Gabrielle Eacock joined Chandler in 2019 and is a Client Service Associate. Prior to her current role, she held the titles of Administrative Assistant I and II at Chandler.

Gabrielle serves as a liaison between clients and the Chandler team to maintain existing client relationships. She proactively schedules client meetings, creates and distributes client reports, and responds to client -generated requests. She also maintains the client database and assists with the Chandler Client Portal. Prior to joining Chandler, Gabrielle was a research assistant at San Diego State University. She has over eight years of customer service and hospitality experience.

Gabrielle earned her B.A. in psychology with an emphasis in industrial and organizational psychology and a minor in women's studies from San Diego State University in 2018. She was awarded the CFA Institute's Investment Foundations Certificate (formerly Claritas® Investment Certificate) in 2022.

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Katie Yuan
Client Service Specialist
Katie Yuan joined Chandler Asset Management in 2021. She serves as a liaison between clients and the Chandler team to maintain existing client relationships. She proactively schedules client meetings, creates and distributes client reports, and responds to client -generated requests. She also maintains the client database and assists with the Chandler Client Portal.

Katie is a graduate of Colorado State University and earned her B.S. in business administration with a dual emphasis in finance and management.

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Compliance and Administration
09 Nicole Dragoo, JD
Chief Executive Officer
Nicole Dragoo is the Chief Executive Officer at Chandler Asset Management. Nicole joined the firm in December 2001 in an operations role. Over her tenure, she has been a core driver in cultivating the culture that makes Chandler unique and has led the expansion of the operations, compliance, legal and administrative functions as the firm has grown. From 2008 to 2021, she served in the roles of Chief Operating and Chief Compliance Officer and as President from 2021-2022.

As CEO, she leads the Executive committee, provides oversight of all aspects of the firm and is responsible for the firm's strategy, culture and administration of resources. She is passionate about cultivating a culture of shared success by building a diverse and talented team of people dedicated to being stewards of the assets and communities entrusted to us.

Nicole started her investment career with Merrill Lynch on the institutional fixed income sales desk. Nicole earned her B.A. from the University of San Diego in business economics and her J.D. from the University of San Diego School of Law. She is a member of the State Bar of California, the American Bar Association, the San Diego County Bar Association, and the Southern California Compliance Group.

Martin Cassell, CFA
Chief Financial Officer
Martin Cassell is the Chief Financial Officer at Chandler Asset Management and is a principal of the firm. After being CEO for 15 years Martin has changed his role to usher in the next generation of leadership. He will remain part of Chandler's executive team as CFO, corporate advisor, a member of the firm's Executive Committee as well as Chair of the Board.

As CFO, Martin is responsible for the firm's finances and manages the Employee Stock Ownership Plan. He is focused on building and sustaining the financial health of the firm and providing thought leadership and mentoring to the Executive Team. Martin designed the proprietary quantitative models that drive our investment process, establishing duration, structure, and asset allocation throughout client portfolios and continues working with our Chief Investment Officers to continually improve client portfolio outcomes.

Martin joined Chandler in 1991 from the City of San Diego where he managed a $1 billion fixed income portfolio. He began his investment career in 1987 managing portfolios at World Savings and Loan. Martin received his B.S. in Finance from California State University, Hayward. He is a member of the CFA Society of San Diego and holds the designation of Chartered Financial Analyst®.

Michael Rasmussen, JD
Chief Compliance Officer and General Counsel
Michael Rasmussen joined Chandler Asset Management in March of 2023 as the firm's Chief Compliance Officer and General Counsel. He leads the compliance team, provides day-to-day guidance and compliance monitoring of the firm's regulatory environment and the legal framework governing SEC -registered investment advisors. Michael also assists the firm's CEO with the oversight functions within the firm and administering all aspects of the compliance program.

Michael began his career in the securities industry as a regulator with the Financial Industry Regulatory Authority (FINRA) and since that time has provided legal and compliance consulting services to hundreds of investment advisers, private fund managers, and broker -dealers. Michael has also served as Chief Compliance Officer and General Counsel for several established investment advisory firms. Michael graduated from Nova Southeastern University Shepard Broad College of Law and is a licensed attorney in Florida and a registered solicitor in the United

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Kingdom. He has passed the FINRA Series 7, 14, 24, 51, 63, and 65 examinations and has taught several courses on investment adviser compliance.

Michael Ramos
Business Analyst — Investments Technology
Michael Ramos is a Business Analyst -Investments Technology at Chandler Asset Management. He is responsible for managing the firm's IT resources. Mike oversees trade processing, trade settlements, portfolio accounting, statement reconciliation, and client reporting. He joined Chandler Asset Management in 2004 as an Operation Associate. His previous experience includes financial accounting and reporting.

Mike earned his B.S. in business administration with a specialization in finance from California State University, San Marcos in 2003. In 2009, he received his M.B.A. in finance from National University.

Adriana Haefner, SHRM-SCP
Human Resources Director
Adriana Haefner joined Chandler as Human Resources Director and oversees core HR functions including payroll, benefits, performance management, employee relations, and safety. In her role, Adriana also works to enhance Chandler's workplace culture through training, development, and recruiting efforts, as well as spearheads the planning, implementation, and evaluation of employee policies, programs, and practices.

Adriana has over twelve years' experience in Human Resources. Before her role with Chandler, she served as the HR Director for Keller Interiors. Prior positions include HR Manager for the San Diego Convention Center and HR Director for Westcore Properties. Adriana has also served as the HR Manager for El Super Grocery Stores and Target Corporation. Her positions at Target also included Assets Protection Investigator, Logistics Manager, and Operations Manager.

Adriana holds a B.A. from the University of Southern California and has her SHRM Senior Certified Professional designation.

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CAS
Global Investment Performance Standards (GIPS®) and
Verification Letter

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GIPS® Compliant Verification Statement

CMCHANDLER

ASSET MANAGEMENT
ACA
Verification Report
Chandler Asset Management, Inc.

We have verified whether Chandler Asset Management, Inc. (the "Firm") has, for the periods from July 1, 1997 through December 31, 2024, established policies and procedures for complying with the Global Investment Performance Standards (GIPS®) related to composite and pooled fund maintenance and the calculation, presentation, and distribution of performance that are designed in compliance with the GIPS standards, as well as whether these policies and procedures have been implemented on a firm -wide basis. GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization. nor does it warrant the accuracy or quality of the content contained herein.

The Firm's management is responsible for its claim of compliance with the GIPS standards and the design and implementation of its policies and procedures. Our responsibilities are to be independent from the Firm and to express an opinion based on our verification. We conducted this verification in accordance with the required verification procedures of the GIPS standards, which includes testing performance on a sample basis. We also conducted such other procedures as we considered necessary in the circumstances.

In our opinion, for the periods from July 1. 1997 through December 31, 2024, the Firm's policies and procedures for complying with the GIPS standards related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been, in all material respects:
• Designed in compliance with the GIPS standards, and
• Implemented on a firm -wide basis.

This report does not relate to or provide assurance on any specific performance report of the Firm or on the operating effectiveness of the Firm's controls or policies and procedures for complying with the GIPS standards.

WedViev,ti,
ACA Group, Performance Services Division
December 9, 2025
age 88
Chandler Asset Management I 84

CAS
Global Investment Performance Standards (GIPS®) and
Verification Letter

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GIPS® Compliant Verification Statement

CMCHANDLER

ASSET MANAGEMENT
ACA
Verification Report
Chandler Asset Management, Inc.

WedViev,ti,
ACA Group, Performance Services Division
December 9, 2025
age 88
Chandler Asset Management I 84

GIPS° Composite Report: Short Term Bond
CA%

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Annual Rates of Return 2014 through 2024
Year Total
End Gross
Returns
Total
Net Index
3 Year Annualized
Standard Deviation
Composite
Index
Dispersion
Asset Wtd
Std. Dev.

Assets
Number of Composite % of Firm
Portfolios (MM) Assets
1 Firm
(MM)
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024

1.42%

1.15%

1.30%

1.08%

1.53%

4.55%

4.43%
-0.93%
-4.82%

4.83%

3.86%

1.17%

0.90%

1.04%

0.83%

1.27%

4.29%

4.17%
-1.17%
-5.06%

4.57%

3.61%

1.24%

0.96%

1.08%

0.67%

1.55%

4.19%

4.22%
-1.09%
-5.25%

4.32%

3.42%

0.96%

1.11%

1.24%

1.19%

1.22%

1.32%

1.33%

2.22%

2.72%

3.10%

0.99%

1.18%

1.39%

1.34%

1.40%

1.39%

1.70%

1.65%

2.42%

2.86%

3.25%

0.07%

0.05%

0.11%

0.05%

0.19%

0.11%

0.04%

0.15%

0.10%

0.10%
40 44
49 48
48 55
59 72
75 81
92 2,325
3,403
4,131
3,783
3,485
5,199
6,234
7,294
8,221
9,207
10,538

26.14%

28.97%

32.07%

27.62%

21.06%

26.59%

28.05%

28.29%

28.70%

25.72%

25.34%
8,894
11,747
12,882
13,698
16,551
19,552
22,227
25,785
28,641
35,804
41,585
Chandler Asset Management claims compliance with the
Global Investment Performance Standards (GIPS") and has prepared and presented this report in compliance with the GIPS standards.

Chandler Asset Management has been independently
verified by ACA Performance Services for the period of July 1, 1997 through December 31, 2024. The verification
report is available upon request. A Firm that claims
compliance with the GIPS standards must establish policies and procedures for complying with all the applicable
requirements of the GIPS standards. Verification provides assurance on whether the firm's policies and procedures related to composite maintenance, as well as the
calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm -wide basis.

Verification does not provide assurance on the accuracy of any specific performance report.

1. Chandler Asset Management is an independent investment adviser registered as such with the Securities and Exchange Commission under the Investment Adviser's Act of 1940. Registration with the SEC does not imply a certain level of skill or training. Since 1988, Chandler Asset Management has provided fixed income investment management services to the public sector, as well as to foundations, endowments, individuals and corporations. A complete list and description of all of the firm's composites is available upon request.

2. The Short Term Bond Composite is a composite of individually managed accounts with an average modified duration approximately equal to the modified duration of the ICE BofA 1-5 Year US Treasury & Agency Index and a maximum final stated maturity of individual securities of five years. The minimum account size required to be included in this composite is $2 million. This composite was created in September 1995 and incepted September 1995. The name of this composite was changed from 1-5 Year Government Fixed Income effective September 30, 2009. 3 The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody's, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. Index calculations do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index. Index data contained herein (and all trademarks related thereto) are owned by the indicated index provider, and may not be redistributed. The information herein has not been approved by the index provider.

4. Valuations are computed and performance reported in U.S. Dollars.

5. Performance is calculated using a time -weighted total rate of return, which links performance monthly, and is reported gross of investment management fees and custodial fees, but after all trading expenses. Results reflect the reinvestment of income, dividends and other earnings, and include realized and unrealized gains and losses and interest accrued through the last day of each month. Results do not reflect the potential impact of taxes.

Past performance is not indicative of future results. Fees charged by Chandler Asset Management will reduce performance.

6. Net -of -fees performance returns are calculated by reducing the monthly gross performance by one -twelfth (1/12) of the actual maximum applicable fee of 0.25%, which is reflective of our current fee schedule for this composite. These monthly returns are then geometrically linked to produce annual returns which are presented before custodial fees but after management fees and all trading expenses. Fees are negotiable and additional information regarding Chandler's fees is included in our Part 2A of Form ADV.

7. Dispersion is calculated using the asset weighted standard deviation of annual gross returns of those portfolios that were included in the composite for the entire year. For years when less than six portfolios were included in the composite for the full year, no dispersion measure is presented. The three-year annualized standard deviation measures the variability of the composite gross returns and the benchmark returns over the preceding 36 - month period.

8. Policies for valuing investments, calculating performance, and preparing GIPS reports are available upon request.

9. GIPS' is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Source ice Data Indices, LLC ("ICE"), used with permission. ICE permits the use of ICE Indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representation, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third -party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use is at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend Chandler, or any of its products or services.

Page 885 of 1155 ends

Chandler Asset Management I 2

GIPS® Composite Report: Limited Maturity CA%

CHANDLER

ASSET MANAGEMENT
Annual Rates of Return 2014 through 2024
Year
End
Returns 3 Year Annualized Dispersion Assets
Total Total Standard Deviation Asset Wtd Number of Composite % of Firm Firm Gross Net Index Composite Index Std. Dev. Portfolios (MM) Assets (MM) 2014 0.87% 0.61% 0.62% 0.54% 0.43% 0.09% 21 879 9.88% 8,894 2015 0.74% 0.49% 0.54% 0.63% 0.56% 0.07% 27 1,328 11.31% 11,747 2016 1.11% 0.86% 0.88% 0.74% 0.76% 0.06% 31 1,081 8.39% 12,882 2017 0.85% 0.60% 0.43% 0.71% 0.74% 0.08% 32 1,178 8.60% 13,698 2018 1.69% 1.44% 1.59% 0.77% 0.85% 0.03% 31 1,905 11.51% 16,551 2019 3.87% 3.61% 3.55% 0.84% 0.94% 0.08% 39 2,653 13.57% 19,552 2020 3.25% 3.00% 3.12% 0.92% 1.21% 0.12% 39 2,713 12.21% 22,227 2021 -0.48% -0.73% -0.55% 0.96% 1.19% 0.07% 44 3,189 12.37% 25,785 2022 -3.13% -3.37% -3.65% 1.52% 1.71% 0.17% 54 3,655 12.76% 28,641 2023 4.79% 4.53% 4.26% 1.92% 2.04% 0.08% 59 4,576 12.78% 35,804 2024 4.33% 4.07% 4.08% 2.20% 2.33% 0.12% 63 5,077 12.04% 41,585 Chandler Asset Management claims compliance with the
Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards.

Verification does not provide assurance on the accuracy of any specific performance report.

2. The Limited Maturity Composite is a composite of individually managed accounts with an average modified duration approximately equal to the modified duration of the ICE BofA 1-3 Year US Treasury Index and a final stated maturity of individual securities of five years. The minimum account size required to be included in this composite is $2 million. This composite was created September 1988 and incepted October 1988. The name of this composite was changed from Short -Term Fixed Income effective September 30, 2009.

3. The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar -denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance. Indexes are referred to for comparative purposes only and are not intended to parallel the risk or investment style of the portfolios in the Composite. Indexes do not utilize leverage.

Index calculations do not reflect fees, brokerage commissions or other expenses of investing. Investors may not make direct investments into any index. Index data contained herein (and all trademarks related thereto) are owned by the indicated index provider, and may not be redistributed. The information herein has not been approved by the index provider.

4. Valuations are computed and performance reported in U.S. Dollars.

Past performance is not indicative of future results. Fees charged by Chandler Asset Management will reduce performance.

6. Net -of -fees performance returns are calculated by reducing the monthly gross performance by one -twelfth (1/12) of the actual maximum applicable fee of 0.25%, which is representative of our current fee schedule for this composite. These monthly returns are then geometrically linked to produce annual returns which are presented before custodial fees but after management fees and all trading expenses. Fees are negotiable and additional information regarding Chandler's fees is included in our Part 2A of Form ADV.

8. Policies for valuing investments, calculating performance, and preparing GIPS reports are available upon request.

9. GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

CAS
Important Disclosures

Page 887 of 1155 ends

CAT

IMPORTANT DISCLOSURES
ICE BofA 1-3 Year US Treasury Index
The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar -denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance.

ICE BofA 1-5 Year US Treasury & Agency Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody's, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits use of ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third -party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates or their respective third -party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use is at licensee's own risk. ICE Data, its affiliates and their respective third party do not sponsor, endorse, or recommend Chandler Asset Management, or any of its products or services.

This report is being provided for informational purposes only. No investment decision should be made based solely on the information provided herein. All investments involve risk, including loss of principal invested. The strategies referenced may not be suitable for all investors. The information contained herein is based on internal research derived from various sources and does not purport to be statements of all material facts relating to the strategies.

While not guaranteed as to accuracy or completeness, some of the information has been obtained from sources we believe to be reliable. Third -party source information is provided by independent sources deemed to be reliable but is not guaranteed. Opinions expressed herein are subject to change without notice. There can be no assurance that an account or specific investment product will be able to achieve its investment objective. No guarantee of investment performance is being provided and no inference to the contrary should be made.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Fixed income investments are subject to interest, credit, and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Index Descriptions and Disclosures 'Pagee

Page 888 of 1155 ends

CAS
Sample Client Monthly Statements and Quarterly
Reports

Page 889 of 1155 ends

CHANDLER

ASSET MANAGEMENT

MONTHLY ACCOUNT STATEMENT
Client Name I Account #00000 I As of September 30, 2024 CHANDLER ASSET MANAGEMENT I chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

ABC Bank
Information contained herein is confidential. We urge you to compare this statement to the one kiguargeiv8 durlc} 8i&d custodian. Please see Important Disclosures at the end of the statement.

PORTFOLIO SUMMARY
Client Name I Account #00000 I As of September 30, 2024 Portfolio Characteristics
Average Modified Duration 6.08
Average Coupon 3.84%
Average Purchase YTM 4.14%
Average Market YTM 3.97%
Average Quality AA -
Average Final Maturity 7.30
Average Life 6.21
Sector Allocation
US Treasury
Corporate
Agency
Money Mkt Fd
Agency MBS
Cash

2.96%

0.21%

0.19%

0.00%

39.21%

57.42%
Account Summary
Beg. Values as of End Values as of
09/01/2024 09/30/2024
Market Value
Accrued Interest
1,146,548,781.38 1,162,382,225.38
10, 250, 953.97 10,323,055.24
Total Market Value 1,156,799,735.35 1,172,705,280.62
Income Earned
2,507,679:99 4,816,436.68
Cont/WD

0.00 0.00
Par
Book Value
Cost Value
1,165,498,310.22
1,141,144,020.91
1,141,140,370.95
1,168,514,288.65
1,144,671,371.96
1,144,668,049.60
Maturity Distribution
75%
50%
25%
O%

0.2%
o
'•s
/de 57.7%
n

30.7%

0.2%
-eo

CMCHANDLER

ASSET MANAGEMENT
Top Issuers
United States
Federal Home Loan Banks
Bank of America Corporation
UnitedHealth Group Incorporated
Toyota Motor Corporation
JPMorgan Chase & Co.

Deere & Company
BlackRock, Inc.

57.42%

2.20%

1.27%

1.25%

1.20%

1.19%

1.10%

1.09%
Credit Quality
■ AAA 0.2%
*See Footnote
IN AA 67.4% IN A 32.4%
Performance Review
Total Rate of Return 1M
3M YTD
1YR
2YRS
3YRS SYRS 10YRS
Since Inception
(07/01/13)
Client

1.37%

5.46%

4.83%

11.57%

6.17%
(0.95%)

0.69%

1.88%

1.83%
Benchmark Return*

1.34%

5.48%

4.89% 11.40%

5.73% (1.45%) 0.36%

1.67%

1.60%
*Periods over 1 year are annualized.

Benchmark: DNU-ICE BofA 5-10 Year AAA -A US Corporate & Government Index Secondary Benchmark:

The credit quality is a weighted average calculation of the highest of S&P, Moody's' and Fitch Execution Time: 10/02/2024 02:25:09 PM Chandler Asset Management I 0cl839dfedfit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 12

STATEMENT OF COMPLIANCE
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Rules Name
Limit Actual
Compliance Notes
Status
144A SECURITIES
Max % (MV)

15.0 1.8
Compliant

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV; ABS, CMO, & MBS)
Max Maturity (WAL)

10.0 0.2

10.0 0.0
Compliant
Compliant

ASSET -BACKED SECURITIES (ABS)
Max % (MV; ABS, CMO & MBS)
Max Maturity (WAL)
Min Rating (AAA by 2)

10.0 0.2

2.0 0.0
Compliant
Compliant

0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV)
Max % (MV)

25.0 50.0
Max % Issuer (MV) 5.0
Max Maturity (Days) 180

0.0 Compliant
Compliant
Compliant
'Compliant
Min Rating (A- by 2)

CANADIAN AGENCY SECURITIES
Max % (MV)
Max % Issuer (MV)

0.0 25.0

0.0 10.0 0.0
Compliant
4,'
Compliant
Compliant
Max Maturity (Years)

CANADIAN TREASURY BILLS
Max % (MV)
Max Maturity (Years)

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV)
Max % (MV)
Max % Issuer (MV)
Min Rating (A-1 by 2)

10.0 25.0

10.0 0.0

0.0 0.0
Compliant
Air
Compliant
Compliant

25.0 0.0 Compliant

50.0 5.0

0.0 0.0
Compliant
Compliant

0.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0

0.0 Compliant
Max % (MV; Commercial Paper & Corporate) 50.0

39.3 Compliant
Max % Issuer (MV) 5.0

0.0 Compliant
Min Rating (A-2 by 2 & A- Issuer by 2) 0.0

0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Iiir60084Aedfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 13

STATEMENT OF COMPLIANCE
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Rules Name
Limit Actual
Compliance Notes
Status
Industry Concentration % (MV)

25.0 6.4
Compliant
Max % (MV; Commercial Paper & Corporate)

50.0 39.3
Compliant
Max % Issuer (MV)

5.0 1.3
Compliant
Max Maturity (Years)
Min Rating (A- by 2)
10 9

0.0 0.0
Compliant
Compliant

FEDERAL AGENCIES
Max % (MV)
Max % Issuer (MV)

50.0 3.0 Compliant

20.0 2.2 Compliant
Max Maturity (Years)

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV)

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV)

MONEY MARKET MUTUAL FUNDS
Max % (MV)
Min Rating (AAA by 1)

MORTGAGE -BACKED SECURITIES (NON -AGENCY)
Max % (MV)
Max % Issuer (MV)
Max Maturity (Years)
Min Rating (AA by 1)

MUNICIPAL SECURITIES
Max % (MV)
Max % Issuer (MV)
Max Maturity (Years)
Min Rating (A- by 2)
10 75.0
100.0
100.0
9 0.0

0.0 0.2
Compliant
Compliant
Compliant
Compliant

0.0 20.0

5.0 5.0

0.0 20.0

5.0 10.0

0.0 0.0

0.0 0.0
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant 144,
Compliant

0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max %(MV)
Max % (MV)

50.0 0.0 Compliant

25.0 0.0 Compliant
Max % Issuer (MV) 5.0
Min Rating (A-1 by 2) 0.0

0.0 Compliant

NON -US CORPORATE
Max % (MV; Non-U.S.) 25.0

4.6 Compliant

REPURCHASE AGREEMENTS
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Iiir600819Sedfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 14

STATEMENT OF COMPLIANCE
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Rules Name
Limit Actual
Compliance Notes
Status
Max % (MV)

SUPRANATIONAL OBLIGATIONS
Max % (MV)
Max % Issuer (MV)
Max Maturity (Years)
Min Rating (AA- by 2)
U.S. TREASURIES
Max % (MV)
Max Maturity (Years)

50.0 25.0

10.0 10

0.0 0.0

0.0 _

0.0 100.0 _ : 57.4
10 Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Compliant
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Iiirg0cMledfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 15

RECONCILIATION SUMMARY
Client Name I Account #00000 I As of September 30, 2024 Maturities / Calls
Month to Date
Fiscal Year to Date

0.00 0.00
Principal Paydowns
Month to Date
Fiscal Year to Date
(35,249.28)
(82,934.98)
Purchases
Month to Date
Fiscal Year to Date
27,328,305.52
79,976,184.25
Sales
Month to Date
Fiscal Year to Date
(22,555,208.47)
(67,981,307.23)
Interest Received
Month to Date
Fiscal Year to Date
4,753,201.86
12,270,123.51
Purchased / Sold Interest
Month to Date
Fiscal Year to Date
(8,866.45)
(194,131.12)

CMCHANDLER

ASSET MANAGEMENT
Accrual Activity Summary
Month to Date
Fiscal Year to Date
(07/01/2024)
Beginning Book Value
1,141,144,020.92
1,133,373,493.67
Maturities/Calls

0.00 0.00
Principal Paydowns
(35,249.28)
(82,934.98)
Purchases.
27,328,305.52 79,976,184.25
Sales
(22,555,208.47) (67,981,307.23)
Change in Cash, Payables, Receivables
(1,168,491.19)
(484,436.29)
Amortization/Accretion
Realized Gain (Loss)
Ending Book Value
Fair Market Activity Summary

0.00 0.00
(42,005.54) (129,627.46)
1,144,671,371.96 1,144,671,371.96
Month to Date
Fiscal Year to Date
(07/01/2024)
Beginning Market Value
1,146,548,781.38
1,101,222,272.80
Maturities/Calls

0.00 0.00
Principal Paydowns
(35,249.28)
(82,934.98)
Purchases
27,328,305.52 79,976,184.25
Sales
(22,555,208.47)
Change in Cash, Payables, Receivables
(1,168,491.19)
Amortization/Accretion

0.00 (67,981,307.23)
(484,436.29)

0.00 Change in Net Unrealized Gain (Loss)
12,306,092.96 49,862,07429
Realized Gain (Loss)
(42,005.54) (129,627.46)
Ending Market Value
1,162,382,225.38 1,162,382,225.38
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Iiir6008395effitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 16

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value
Accrued Int.
% of Port. Moody's/
Gain/Loss S&P/
Fitch
Maturity
Duration
AGENCY
3135G05Y5

FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.75 10/08/2027
5,000,000.00 10/27/2020 5,000,450.00 91.96 4,597,909.85

0.75% 5,000,450.00 3.58% 18,020.83 (402,540.15) AA+

0.40% Aaa/AA+

3.02 2.93
3130AEB25
3130AGDY8
3135G05Q2
3130AV4X7
3130AVWG3
3130B0X87

FEDERAL HOME LOAN BANKS

3.25 06/09/2028

FEDERAL HOME LOAN BANKS

2.75 06/08/2029

FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.875 08/05/2030

FEDERAL HOME LOAN BANKS

4.375 03/11/2033
FEDERAL HOME LOAN BANKS 4.0
06/10/2033

FEDERAL HOME LOAN BANKS

4.75 03/10/2034
5,000,000.00
4,943,980.00

3.39% 4,943,980.00
2,725,000.00 06/21/2019 2,804,651.75

2.42% 2,804,651.75
5,000,000.00 4,954,299.70

0.97% 4,954,299.70
5,000,000.00 04/26/2023 5,137,800.00

4.03% 5,137,800.00
5,000,000.00 07/20/2023 4,869,100.00

4.33% 4,869,100.00
7,500,000.00 06/26/2024 7,586,700.00

4.60% 7,586,700.00

98.89 4,944,358.65 0.43% Aaa/AA+ 3.69

3.57% 50,555.56 378.65 AA+ 3.41

96.11 2,619,020.47 0.23% Aaa/AA+ 4.69

3.66% 23,522.05 (185,631.28) AA+ 4.31

85.19 4,259,673.40 0.37% Aaa/AA+ 5.85

3.72% 6,805.56 (694,626.30) AA+ 5.58
102.59 5,129,323.70 0.44% Aaa/AA+ 8.44

4.01% 12,152.78 (8,476.30) AA+ 7.01

99.69 4,984,472.75 0.43% Aaa/AA+ 8.69

4.04% 61,666.67 115,372.75 AA+ 7.19
105.53 7,914,721.05 0.68% Aaa/AA+ 9.44

4.04% 20,781.25 328,021.05 AA+ 7.60
Total Agency
35,225,000.00 3.17%
35,296,981.45
35,296,981.45

98.25 3.84%
34,449,479.87
193,504.69

2.96% Aaa/AA+ 6.70
(847,501.58) AA+ 5.73

AGENCY MBS
3138WHCP5 FN AS7277 3.0 05/01/2031 433,951.92
3128NHXW8 FH 1!1593 6.639 04/01/2037 68,938.48
312854ME4 FH 1Q0357 6.853 11/01/2037 14,778.93
36225FF79 G2 082889 3.625 07/20/2041 100,371.77
06/28/2016 456,557.26 97.41

2.56% 456,557.26 4.01%
422,730.66
1,084.88

0.04% Aaa/AA+ 6.58
(33,826.60) AA+ 2.44
10/22/2009 68,866.32 103.72 71,504.79 0.01% Aaa/AA+ 12.50

5.36% 72,188.67 4.94% 381.40 (683.88) AA+ 0.65
08/13/2009 15,663.81 101.45 14,993.77 0.00% Aaa/AA+ 13.09

5.25% 15,663.81 5.82% 84.40 (670.04) AA+ 1.00
03/14/2012 107,084.14 101.24 101,614.83 0.01% Aaa/AA+ 16.80

3.62% 107,084.14 5.14% 303.21 (5,469.31) AA+ 5.71
36225FJE0 G2 082960 3.75 10/20/2041 90,127.54
36225FJZ3 G2 082979 3.75 11/20/2041 79,123.91
05/03/2012 95,845.03 100.74 90,790.09 0.01% Aaa/AA+ 17.05

3.16% 95,845.03 5.19% 281.65 (5,054.94) AA+ 5.87
-- 84,143.29 100.74 79,708.83 0.01% Aaa/AA+ 17.14

3.16% 84,143.29 4.97% 247.26 (4,434.47) AA+ 3.61
36179MN71 G2 MA0414 3.625 09/20/2042 26,273.89
09/11/2012

1.83%
27,250.99
27,250.99
101.52

5.01%
26,674.18

79.37 0.00% Aaa/AA+ 17.97
(576.82) AA+ 4.83
36179QB67 G2 MA1861 4.875 04/20/2044 13,156.61
06/03/2014

1.91%
13,411.83 100.48
13,411.83 5.41%
13,219.74

53.45 0.00% Aaa/AA+ 19.56
(192.09) AA+ 8.14
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management lr'cl°cintedfsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 17

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024 CAtCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value % of Port.

Accrued Int. Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
31418CNE0 FN MA3088 4.0 08/01/2047
334,610.40
08/27/2018

3.86%
341,616.24
341,616.24

97.27 4.46%
325,468.41
1,115.37

0.03% Aaa/AA+
(16,147.83) AA+

22.84 5.78
3128MJ2T6 FH G08785 4.0 10/01/2047
422,469.39
09/18/2018

3.92%
427,370.68
427,370.68

97.08 4.51%
410,116.02
1,408.23

0.04% Aaa/AA+ 23.00
(17,254.66) AA+ 5.88
3140J6GR2 FN BM2007 4.0 09/01/2048 321,890.28
02/25/2019 329,233.41 97.27

3.85% 329,233.41 4.45%
313,094.90
1,072.97

0.03% Aaa/AA+ 23.92
(16,138.51) AA+ 5.90
3140JG6L4 FN BN0874 4.0 11/01/2048
384,621.55
06/10/2019

3.80%
397,241.92
397,241.92

97.27 4.45%
374,111.70
1,282.07

0.03% Aaa/AA+ 24.09
(23,130.22) AA+ 5.94
Total Agency MBS
CASH
CCYUSD
Receivable
2,290,314.69

0.00%
Total Cash 19,849.64

3.57%
2,364,284.92
2,367,607.28

98.01 2,244,027.91 0.19% Aaa/AA+ 18.98

4.50% 7,394.26 (123,579.37) AA+ 4.94
19,849.64
19,849.64
19,849.64
19,849.64

1.00 0.00%

1.00 0.00%
19,849.64

0.00 19,849.64

0.00 0.00% Aaa/AAA 0.00

0.00 AAA 0.00

0.00% Aaa/AAA 0.00

0.00 AAA 0.00

CORPORATE
20030NCA7 COMCAST CORP 3.15 2,000,000.00
02/15/2028
404280B1 www.chandlerasset.com 1800.317.4747
CONFIDENTIAL 18

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value
Accrued Int.
of Port. Moody's/
Gain/Loss
S&P/
Fitch
Maturity
Duration
87612EBH8 TARGET CORP 3.375 04/15/2029 3,000,000.00
693475AW5
09247XAP6
665859AU8
808513BA2
437076BY7

PNC FINANCIAL SERVICES
GROUP INC 3.45 04/23/2029
BLACKROCK INC 3.25
04/30/2029
NORTHERN TRUST CORP 3.15
05/03/2029
CHARLES SCHWAB CORP 3.25
05/22/2029
HOME DEPOT INC 2.95
06/15/2029
24422EUY3 JOHN DEERE CAPITAL CORP 2.8 2,000,000.00
07/18/2029
2,000,000.00
2,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
04/23/2019

3.27%
3,025,020.00
3,025,020.00

97.70 3.93%
2,930,963.97
46,687.50

0.25%
(94,056.03)
2,138,025.00 97.18 1,943,575.74 0.17%

2.61% 2,138,025.00 4.13% 30,283.33 (194,449.26)
06/05/2019 2,560,250.00 97.10 2,427,431.18 0.21% Aa3/AA-

2.96% 2,560,250.00 3.95% 34,079.86 (132,818.83) NA
12/05/2019 1,576,680.00 96.45 1,446,810.69 0.12% A2/A+

2.52% 1,576,680.00 4.00% 19,425.00 (129,869.31) A+
06/24/2019 1,550,340.00 96.11 1,441,602.80 0.12% A2/A- 4.64

2.85% 1,550,340.00 4.18% 17,468.75 (108,737.21) A 4.20
06/11/2019 1,498,455.00 95.48 1,432,158.47 0.12% A2/A 4.71

2.96% 1,498,455.00 4.01% 13,029.17 (66,296.54) A 4.30
08/27/2019 2,084,160.00 94.71 1,894,110.52 0.16% Al/A 4.80

2.32% 2,084,160.00 4.02% 11,355.56 (190,049.48) A+ 4.40 08/20/2019 3,043,560.00 93.61 2,808,196.26 0.24% Aa2/AA- 4.88

2.27% 3,043,560.00 3.89% 9,150.00 (235,363.74) NA 4.51
11/05/2019 1,972,580.00 92.68 1,853,692.58 0.16% Aa2/A+ 5.10

2.53% 1,972,580.00 3.97% 19,000.00 (118,887.42) AA 4.68 10/23/2023 4,608,450.00 102.33 5,116,692.20 0.44% A2/A- 5.34

6.38% 4,608,450.00 4.35% 40,416.67 508,242.20 AA- 4.63
-- 3,969,460.00 102.48 4,099,253.64 0.35% A3/A- 5.45

4.98% 3,969,460.00 4.33% 8,622.22 129,793.64 NA 4.63
09/27/2022 1,934,520.00 101.98 2,039,565.58 0.18% A2/A 5.50

4.98% 1,934,520.00 4.05% 44,500.00 105,045.58 NA 4.65
4,493,920.00 95.91 4,795,422.40 0.41% Al/A+ 5.50

5.12% 4,493,920.00 4.22% 84,375.00 301,502.40 A+ 4.95
-- 4,758,960.00 93.14 4,656,842.30 0.40% Aa2/A+ 5.51

3.61% 4,758,960.00 4.16% 66,840.28 (102,117.70) AA- 4.96 07/22/2020 1,581,525.00 89.13 1,337,007.68 0.12% A2/A+ 5.58

1.34% 1,581,525.00 4.15% 12,187.50 (244,517.33) A+ 5.14 05/08/2023 1,994,580.00 102.48 2,049,618.38 0.18% Aaa/AA+ 5.61

4.20% 1,994,580.00 3.66% 32,508.33 55,038.38 NA 4.77
30231GBE1 EXXON MOBIL CORP 2.44 3,000,000.00
08/16/2029
822582CD2 SHELL INTERNATIONAL FINANCE 2,000,000.00
BV 2.375 11/07/2029
06417XAP6 BANK OF NOVA SCOTIA 4.85 5,000,000.00
02/01/2030
756109BR4 REALTY INCOME CORP 4.85 4,000,000.00
03/15/2030
9113126Y1 UNITED PARCEL SERVICE INC 2,000,000.00

4.45 04/01/2030
89236TGY5 TOYOTA MOTOR CREDIT CORP 5,000,000.00

3.375 04/01/2030
822582CG5 SHELL INTERNATIONAL FINANCE 5,000,000.00
BV 2.75 04/06/2030
665859AV6 NORTHERN TRUST CORP 1.95 1,500,000.00
05/01/2030
037833EU0 APPLE INC 4.15 05/10/2030 2,000,000.00
A2/A
A
A3/A-
A

4.54 4.10

4.56 4.10

4.58 4.15

4.59 4.16
747525BK8
06051GHV4
QUALCOMM INC 2.15
05/20/2030
BANK OF AMERICA CORP 3.194
07/23/2030
5,500,000.00

2.51%
5,000,000.00

4.14%
5,436,382.86
5,436,382.86
4,826,210.00
4,826,210.00

90.47 4,976,094.09 0.43% A2/A

4.06% 43,029.86 (460,288.77) NA

5.64 5.17

94.65 4,732,468.65 0.41% Al/A-

4.70% 30,165.56 (93,741.35) AA -

5.81 4.36
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management lr'cl°cIntiedfsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 19

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value
Accrued Int.
of Port. Moody's/
Gain/Loss
S&P/
Fitch
Maturity
Duration
171239AG1
CHUBB INA HOLDINGS LLC 1.375
09/15/2030
3,000,000.00

1.41%
2,989,083.12
2,989,083.12

85.74 4.10%
2,572,196.55
1,833.33

0.22%
(416,886.57)
A3/A
A

5.96 5.60
797440BZ6
084664CW9
20030NDM0
756109AX2

SAN DIEGO GAS & ELECTRIC CO

1.7 10/01/2030

BERKSHIRE HATHAWAY FINANCE
CORP 1.45 10/15/2030
COMCAST CORP 1.95
01/15/2031
REALTY INCOME CORP 3.25
01/15/2031
3,000,000.00
3,000,000.00
1,000,000.00
3,000,000.00
03/08/2021 2,839,620.00 86.52 2,595,505.59 0.22% Al/A 6.00

2.33% 2,839,620.00 4.27% 25,500.00 (244,114.41) A 5.58
-- 2,986,390.40 86.49 2,594,758.14 0.22% Aa2/AA 6.04

1.50% 2,986,390.40 3.99% 20,058.33 (391,632.26) A+ 5.62 01/13/2021 1,009,430.00 86.82 868,234.57 0.07% A3/A- 6.29

1.84% 1,009,430.00 4.37% 4,116.67 (141,195.43) A- 5.76
09/19/2022 2,644,890.00 93.29 2,798,655.27 0.24% A3/A- 6.29

5.01% 2,644,890.00 4.49% 20,583.33 153,765.27 WR 5.55
828807DM6
17275RBS0
46647PBJ4
SIMON PROPERTY GROUP LP 2.2
02/01/2031
CISCO SYSTEMS INC 4.95
02/26/2031
JPMORGAN CHASE & CO 4.493
03/24/2031
2,500,000.00
8,000,000.00
3,000,000.00
09/15/2021 2,499,975.00 87.72 2,192,922.00 0.19% A3/A- 6.34

2.20% 2,499,975.00 4.45% 9,166.67 (307,053.00) NA 5.76
-- 7,991,466.50 104.52 8,361,888.08 0.72% Al/AA- 6.41

4.97% 7,991,466.50 4.14% 38,500.00 370,421.58 NA 5.33
2,830,150.00 100.54 3,016,084.71 0.26% Al/A- 6.48

5.37% 2,830,150.00 4.93% 2,620.92 185,934.71 AA- 4.81
6174468P7
46647PBL9
023135BZ8
0641594B9
717081FB4
89114TZJ4
713448FE3
MORGAN STANLEY 3.622
04/01/2031
JPMORGAN CHASE & CO 2.522
04/22/2031
AMAZON.COM INC 2.1
05/12/2031
BANK OF NOVA SCOTIA 2.15
08/01/2031
PFIZER INC 1.75 08/18/2031
78016EYH4
TORONTO -DOMINION BANK 2.0
09/10/2031
PEPSICO INC 1.95 10/21/2031
ROYAL BANK OF CANADA 2.3
11/03/2031
5,000,000.00
2,000,000.00
4,670,000.00
7,000,000.00
2,000,000.00
3,000,000.00
3,000,000.00
3,500,000.00
-- 4,440,275.00 96.02 4,800,827.40 0.41% Al/A- 6.50

5.52% 4,440,275.00 4.93% 90,550.00 360,552.40 A+ 4.92
02/14/2022 1,906,620.00 90.83 1,816,619.24 0.16% Al/A- 6.56

3.10% 1,906,620.00 4.75% 22,277.67 (90,000.76) AA- 5.03 05/10/2021 4,669,159.40 88.52 4,134,002.34 0.36% Al/AA 6.61

2.10% 4,669,159.40 4.10% 37,865.92 (535,157.06) AA- 6.00 -- 6,334,190.00 86.57 6,059,983.44 0.52% A2/A- 6.84

3.55% 6,334,190.00 4.45% 25,083.33 (274,206.56) AA- 6.19 11/16/2021 1,931,500.00 85.82 1,716,488.02 0.15% A2/A 6.88

2.14% 1,931,500.00 4.14% 4,180.56 (215,011.98) WR 6.33
09/17/2021 2,985,720.00 86.70 2,600,850.27 0.22% Al/A 6.94

2.05% 2,985,720.00 4.23% 3,500.00 (384,869.73) AA- 6.33 -- 2,981,718.20 86.85 2,605,376.91 0.22% Al/A+ 7.06

2.02% 2,981,718.20 4.12% 26,000.00 (376,341.29) NA 6.39 11/12/2021 3,504,620.00 87.48 3,061,633.16 0.26% Al/A 7.09

2.29% 3,504,620.00 4.37% 33,094.44 (442,986.85) AA- 6.33 25731VAA2
26444HAK7

DOMINION ENERGY SOUTH
CAROLINA INC 2.3 12/01/2031
DUKE ENERGY FLORIDA LLC 2.4
12/15/2031
4,000,000.00
2,000,000.00
3,990,882.64 86.43 3,457,117.48 0.30% A2/A 7.17

2.33% 3,990,882.64 4.54% 30,666.67 (533,765.16) A+ 6.40 1,895,405.00 87.60 1,752,091.30 0.15% Al/A 7.21

3.07% 1,895,405.00 4.43% 14,133.33 (143,313.70) NA 6.42 Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management lijr6OcI839edfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 110

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024 CAtCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value % of Port.

Accrued Int. Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
808513CA1
12572QAK1
084664DA6
91324PEJ7
CHARLES SCHWAB CORP 2.9
03/03/2032
CME GROUP INC 2.65
03/15/2032

BERKSHIRE HATHAWAY FINANCE
CORP 2.875 03/15/2032
UNITEDHEALTH GROUP INC 4.2
05/15/2032
747525BQ5 QUALCOMM INC 4.25 3,000,000.00
05/20/2032
89115A2E1 TORONTO -DOMINION BANK 9,000,000.00

4.456 06/08/2032
3,000,000.00
5,000,000.00
7,000,000.00
4,500,000.00
713448FM5 PEPSICO INC 3.9 07/18/2032 9,000,000.00
037833EP1 APPLE INC 3.35 08/08/2032 3,500,000.00
931142EY5 WALMART INC 4.15 09/09/2032 2,000,000.00
24422EWL9 JOHN DEERE CAPITAL CORP 4.35 4,000,000.00
09/15/2032
437076CS9 HOME DEPOT INC 4.5 7,500,000.00
09/15/2032
756109BP8 REALTY INCOME CORP 5.625 3,000,000.00
10/13/2032
2,560,635.00

4.93% 2,560,635.00
- 4,583,388.40

3.79% 4,583,388.40
6,210,120.00

4.43% 6,210,120.00
- 4,452,775.00

4.36% 4,452,775.00
- 2,945,505.00

4.49% 2,945,505.00
8,312,940.00

5.54% 8,312,940.00
8,304,380.00

4.99% 8,304,380.00
3,253,415.00

4.24% 3,253,415.00
09/20/2022 1,952,260.00

4.45% 1,952,260.00
- 3,911,405.00

4.64% 3,911,405.00
- 7,260,535.00

4.95% 7,260,535.00
10/19/2023 2,811,960.00

6.56% 2,811,960.00

89.83 4.53%

90.35 4.17%

92.32 4.08%

99.21 4.32%

99.94 4.26%

99.35 4.56%

98.40 4.14%

95.51 4.02%
101.17

3.98%
100.71

4.24%
102.28

4.16%
106.29

4.68%
2,694,944.22
6,766.67
4,517,263.40
5,888.89
6,462,364.30
8,944.44
4,464,633.65
71,400.00
2,998,324.35
46,395.83
8,941,444.29
125,882.00
8,856,155.43
71,175.00
3,342,911.04
17,261.81
2,023,313.72
5,072.22
4,028,537.44
7,733.33
7,671,117.23
15,000.00
3,188,633.85
78,750.00

0.23% A2/A-
134,309.22 A

0.39% Aa3/AA-
(66,125.00) AA -

0.56% Aa2/AA
252,244.30 A+

0.38% A2/A+
11,858.65 A

0.26% A2/A
52,819.35 NA

0.77% Al/A
628,504.29 NA

0.76% A1/A+ 7.80
551,775.43 NA 6.60

0.29% Aaa/AA+ 7.86
89,496.04 NA 6.77

0.17% Aa2/AA 7.94
71,053.72 AA 6.52

0.35% Al/A 7.96
117,132.44 A+ 6.66

0.66% A2/A 7.96
410,582.23 A 6.46

0.27% A3/A- 8.04
376,673.85 NA 6.16

7.42 6.52

7.46 6.63

7.46 6.59

7.62 6.36

7.64 6.37

7.69 6.35
O23135CR5
6,000,000.00
89236TKR5 5,000,000.00
26442CBJ2 DUKE ENERGY CAROLINAS LLC 5,000,000.00

4.95 01/15/2033
87612EBQ8 TARGET CORP 4.4 01/15/2033 7,000,000.00
AMAZON.COM INC 4.7
12/01/2032

TOYOTA MOTOR CREDIT CORP

4.7 01/12/2033
- - 6,073,270.00 103.96 6,237,467.64 0.54% Al/AA 8.17

4.54% 6,073,270.00 4.12% 94,000.00 164,197.64 AA- 6.50
5,038,315.00 101.96 5,097,782.15 0.44% Al/A+ 8.28

4.60% 5,038,315.00 4.41% 51,569.44 59,467.15 A+ 6.75
- - 5,007,380.00 103.09 5,154,293.20 0.44% Aa3/A 8.29

4.93% 5,007,380.00 4.50% 52,250.00 146,913.20 NA 6.54
6,942,200.00 100.91 7,063,688.03 0.61% A2/A 8.29

4.51% 6,942,200.00 4.27% 65,022.22 121,488.03 A 6.66

NATIONAL RURAL UTILITIES
637432PA7 COOPERATIVE FINANCE CORP 7,000,000.00

5.8 01/15/2033
6,821,460.00 108.33 7,582,798.72 0.65% Al/A- 8.29

6.17% 6,821,460.00 4.58% 85,711.11 761,338.72 A+ 6.23
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemer: itrg f lg'OJebfs. 11(55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 111

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024 C'AtCHANDLER

HONEYWELL INTERNATIONAL
INC 5.0 02/15/2033
8,000,000.00
5,000,000.00
10,000,000.00
532457CF3 ELI LILLY AND CO 4.7 02/27/2033 7,000,000.00
- 7,735,430.00

5.47% 7,735,430.00
- 4,986,780.00

4.68% 4,986,780.00
9,934,460.00

5.10% 9,934,460.00
- 7,032,030.00

4.64% 7,032,030.00
103.47

4.49%
101.43

4.44%
104.53

4.35%
102.88

4.29%
8,277,891.92
66,666.67
5,071,500.05
29,708.33
10,452,877.30
63,888.89
7,201,379.78
31,072.22

0.71%
542,461.92

0.44%
84,720.05

0.90%
518,417.30

0.62%
169,349.78
Al/A
AA-
A3/A-
A-
A2/A
A
Al/A+
NA

8.34 6.74

8.38 6.68

8.38 6.62

8.41 6.72
911312BZ8
009158BF2
828807DU8
57636QAX2
74456QCL8
59217GFP9
341081GL5
931142FD0
91324PEV0

UNITED PARCEL SERVICE INC

4.875 03/03/2033

AIR PRODUCTS AND CHEMICALS
INC 4.8 03/03/2033
SIMON PROPERTY GROUP LP 5.5
03/08/2033
MASTERCARD INC 4.85
03/09/2033

PUBLIC SERVICE ELECTRIC AND
GAS CO 4.65 03/15/2033

METROPOLITAN LIFE GLOBAL
FUNDING 15.15 03/28/2033
FLORIDA POWER & LIGHT CO 5.1
04/01/2033
5,000,000.00
8,500,000.00
4,500,000.00
3,000,000.00
8,000,000.00
5,000,000.00
7,000,000.00
- - 5,036,405.00 103.48 5,173,756.65

4.78% 5,036,405.00 4.38% 18,958.33
-- 8,521,575.00 103.30 8,780,275.52

4.77% 8,521,575.00 4.33% 31,733.33
- - 4,491,950.00 105.63 4,753,317.56

5.52% 4,491,950.00 4.68% 15,812.50
06/13/2023 3,042,750.00 103.93 3,118,018.35

4.66% 3,042,750.00 4.29% 8,891.67
7,748,688.00 101.42 8,113,311.04

5.09% 7,748,688.00 4.45% 16,533.33
4,981,340.00 103.79 5,189,650.25

5.20% 4,981,340.00 4.61% 2,145.83
- - 7,176,590.00 104.61 7,322,649.60

4.77% 7,176,590.00 4.44% 178,500.00

0.45% A2/A 8.42
137,351.65 NA 6.69

0.76% A2/A 8.42
258,700.52 NA 6.71

0.41% A3/A- 8.44
261,367.56 NA 6.57

0.27% Aa3/A+ 8.44
75,268.35 NA 6.72

0.70% Al/A 8.45
364,623.04 NA 6.76

0.45% Aa3/AA- 8.49
208,310.25 AA- 6.86

0.63% Aa2/A+ 8.50
146,059.60 AA- 6.72
46647PDC7
WALMART INC 4.1 04/15/2033 5,000,000.00
UNITEDHEALTH GROUP INC 4.5
04/15/2033
JPMORGAN CHASE & CO 4.586
04/26/2033
06051GKQ1
BANK OF AMERICA CORP 4.571
04/27/2033
10,000,000.00
7,000,000.00
7, 500, 000.00
037833EV8 APPLE INC 4.3 05/10/2033 2,500,000.00
857477BU6 STATE STREET CORP 4.421 2,000,000.00
05/13/2033
20030NEE7 COMCAST CORP 4.8 05/15/2033 3,500,000.00
- - 4,945,725.00 100.28 5,014,247.40 0.43% Aa2/AA 8.54

4.23% 4,945,725.00 4.06% 94,527.78 68,522.40 AA 6.84
- - 9,798,905.00 100.45 10,044,500.80 0.86% A2/A+ 8.54

4.77% 9,798,905.00 4.44% 207,500.00 245,595.80 A 6.72
6,592,710.00 100.02 7,001,482.74 0.60% Al/A- 8.57

5.45% 6,592,710.00 4.79% 138,216.94 408,772.74 AA- 6.21 - - 7,105,085.00 99.52 7,463,976.08 0.64% Al/A- 8.57

5.33% 7,105,085.00 4.85% 146,652.92 358,891.08 AA- 6.21 05/10/2023 2,514,750.00 103.13 2,578,340.05 0.22% Aaa/AA+ 8.61

4.23% 2,514,750.00 3.87% 42,104.17 63,590.05 NA 6.88
05/12/2023 1,924,940.00 99.42 1,988,381.16 0.17% Al/A 8.62

4.94% 1,924,940.00 4.70% 33,894.33 63,441.16 AA- 6.29
- - 3,192,540.00 101.97 3,569,096.51 0.31% A3/A- 8.62

6.02% 3,192,540.00 4.52% 63,466.67 376,556.51 A- 6.73
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Manageme, itrgWgodiledfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 112

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024 CAtCHANDLER

ASSET MANAGEMENT
Cusip
Security Description
Par Value/ Purchase Date
Units Purchase Yield
Cost Value Mkt Price
Book Value Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
30303M8N5
58933YBK0
716973AE2
META PLATFORMS INC 4.95
05/15/2033
MERCK & CO INC 4.5 05/17/2033

PFIZER INVESTMENT
ENTERPRISES PTE LTD 4.75
05/19/2033
747525651
09247XAT8
74340XCE9
61747YEU5
857477BV4
404280DH9
05565ECF0
24422EXE4
06406RBM8
89236TLM5
02665WEZO
26442CBM5
29379VCF8
74340XCJ8
QUALCOMM INC 5.4 05/20/2033
BLACI www.chandlerasset.com 1800.317.4747
CONFIDENTIAL 113

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Cusip
Security Description
Par Value/ Purchase Date
Units Purchase Yield
Cost Value Mkt Price
Book Value Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
171239AK2
05565ECK9
61747YFE0
06051GLH0
191216DR8
24422EXU8
CHUBB INA HOLDINGS LLC 5.0
03/15/2034
BMW US CAPITAL LLC 5.15
04/02/2034
MORGAN STANLEY 5.25
04/21/2034
BANK OF AMERICA CORP 5.288
04/25/2034
COCA-COLA CO 5.0 05/13/2034
JOHN DEERE CAPITAL CORP 5.05
06/12/2034
7,000,000.00
3,000,000.00
2,500,000.00
2,500,000.00
5,000,000.00
2,500,000.00

4.95%
05/16/2024

5.28%
04/18/2024

5.84%
04/16/2024

5.87% _
05/14/2024

5.01%
06/11/2024

5.21%
7,025,160.00
7,025,160.00 4.50%
103.85
2,970,330.00
2,970,330.00
2,398,075.00
2,398,075.00
2,399,025.00
2,399,025.00
4,997,650.00
4,997,650.00
2,469,875.00
2,469,875.00
102.05

4.88%
103.28

4.94%
103.97

4.89%
105.37

4.31%
104.41

4.48%
7,269,240.86
15,555.56
3,061,434.84
76,820.83
2,581,972.53
58,333.33
2,599,194.10
57,286.67
5,268,703.30
95,833.33
2,610,268.85
38,576.39

0.63%
244,080.86

0.26%
91,104.84
A3/A
A
A2/A
NA

0.22% Al/A-
183,897.53 A+

0.22% Al/A-
200,169.10 AA -

0.45% A1/A+
271,053.30 NA

0.22% Al/A
140,393.85 A+

9.45 7.35

9.50 7.14

9.56 6.72

9.57 6.72

9.62 7.35

9.70 7.55
Total Corporate

MONEY MARKET
FUND
665278404
NORTHERN INST:US GVT SHS
458,080,000.00
2,399,124.32

4.61%

4.78%
446,640,642.93
446,640,642.93
2,399,124.32
2,399,124.32 4.78%

99.83 455,776,130.31 39.21% Al/A

4.40% 4,672,503.51 9,135,487.38 A+

1.00 2,399,124.32

0.00 0.21%

0.00 Aaa/
AAAm
NA

7.68 6.18

0.00 0.00
Total Money
Market Fund

US TREASURY
9128286B1
UNITED STATES TREASURY 2.625
02/15/2029
2,399,124.32
5,000,000.00

4.78%

3.05%
2,399,124.32
2,399,124.32
4,926,728.51
4,926,728.51

1.00 4.78%

96.15 3.58%
2,399,124.32

0.00 4,807,617.20
16,762.91
Aaa/

0.21% AAAm

0.00 NA

0.41%
(119,111.31)
91282CEE7
9128286T2
91282CES6
UNITED STATES TREASURY 2.375
03/31/2029
UNITED STATES TREASURY 2.375
O5/15/2029
91282CEV9
UNITED STATES TREASURY 2.75
05/31/2029
UNITED STATES TREASURY 3.25
06/30/2029
3,000,000.00
5,000,000.00
7,500,000.00
30,000,000.00
04/19/2022

2.93%
06/26/2019

2.05%

3.88%
2,895,117.19
2,895,117.19
5,145,117.19
5,145,117.19
7,006,582.03
7,006,582.03
29,223,437.51

95.01 3.59%

94.91 3.58%
2,850,351.57
195.74
4,745,312.50
44,853.94

96.43 3.59%

98.56 3.72% 29,223,437.51 3.58%
7,232,519.55
69,313.52
29,567,578.20
246,399.46

0.25%
(44,765.62)

0.41%
(399,804.69)

0.62%
225,937.52

2.54%
344,140.69
Aaa/AA+
AA+
Aaa/AA+
AA+
Aaa/AA+
AA+
Aaa/AA+
AA+
Aaa/AA+
AA+

0.00 0.00

4.38 4.07

4.50 4.21

4.62 4.28

4.67 4.29

4.75 4.32
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IFixg0fIguSedfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 114

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024 CAtCHANDLER

ASSET MANAGEMENT
Cusip
Security Description
Par Value/ Purchase Date
Units Purchase Yield
Cost Value Mkt Price
Book Value Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFJ5
912828YS3
91282CFY2
91282CGJ4
912828Z94
91282CGQ8
91282CGS4
912828ZQ6
91282CHF1
91282CHR5
91282CAE1
91282CHZ7
91282CJG7
91282CAV3
91282CBL4
91282CKN0
91282CCB5
91282CCS8

UNITED STATES
08/31/2029

UNITED STATES
11/15/2029

UNITED STATES
11/30/2029

UNITED STATES
01/31/2030

UNITED STATES
02/15/2030

UNITED STATES
02/28/2030

UNITED STATES
03/31/2030

UNITED STATES
05/15/2030
TREASURY 3.125
TREASURY 1.75
TREASURY 3.875
TREASURY 3.5
TREASURY 1.5
TREASURY 4.0
TREASURY 3.625
TREASURY 0.625
UNITED STATES TREASURY 3.75
05/31/2030
UNITED STATES TREASURY 4.0
07/31/2030
UNITED STATES TREASURY 0.625
08/15/2030
UNITED STATES TREASURY 4.625
09/30/2030
UNITED STATES TREASURY 4.875
10/31/2030
UNITED STATES TREASURY 0.875
11/15/2030
UNITED STATES TREASURY 1.125
02/15/2031
UNITED STATES TREASURY 4.625
04/30/2031
UNITED STATES TREASURY 1.625
05/15/2031
UNITED STATES TREASURY 1.25
08/15/2031
30,000,000.00
10,000,000.00
20,000,000.00
35,000,000.00
10,000,000.00
35,000,000.00
35,000,000.00
5,000,000.00
30,000,000.00
20,000,000.00
2,500,000.00
20,000,000.00
20,000,000.00
5,000,000.00
10,000,000.00
7,500,000.00
2,500,000.00
5,000,000.00

0.70%

4.95%

4.08%

1.01%

1.42%
05/30/2024

4.57%
07/23/2021

1.31%

1.36%

4.67%

0.76%

3.87%

3.85%

3.95%

1.38%

3.93%
28,595,039.07
28,595,039.07
- 10,346,875.00
10,346,875.00
- 20,037,304.69
20,037,304.69
34,055,078.14
34,055,078.14
10,417,732.56
10,417,732.56
34,940,820.33
34,940,820.33
- 34,477,343.76
34,477,343.76
4,962,890.63
4,962,890.63
- 29,784,667.97
29,784,667.97
- 19,230,859.38
19,230,859.38
2,467,070.31
2,467,070.31
- 19,622,656.25
19,622,656.25
20,944,921.88
20,944,921.88
4,938,632.81
4,938,632.81
9,731,298.84
9,731,298.84
7,525,781.25
7,525,781.25
2,572,656.25
2,572,656.25
4,948,144.54
4,948,144.54

97.92 3.59%

91.61 3.56%
101.31

3.59%

99.50 3.60%

89.79 3.61%
101.92

3.61%
100.07

3.61%

84.92 3.61%
100.66

3.62%
101.96

3.62%

84.27 3.62%
105.32

3.63%
106.73

13.63%

85.11 3.61%

85.99 3.60%
105.64

3.65%

88.16 3.65%

85.40 3.67%
29,375,390.70
80,283.15
9,161,328.10
66,100.54
20,261,718.80
260,450.82
34,825,000.00
206,385.87
8,979,296.90
19,157.61
35,671,289.15
119,889.50
35,023,242.10
3,485.58
4,246,093.75
11,803.67
30,198,046.80
378,073.77
20,391,406.20
134,782.61
2,106,835.95
1,995.58
21,063,281.20
2,541.21
21,346,875.00
408,016.30
4,255,468.75
16,525.14
8,599,218.80
14,368.21
7,923,339.83
145,159.65
2,204,003.90
15,344.77
4,270,117.20
7,982.34

2.53% Aaa/AA+
780,351.63 AA+

0.79% Aaa/AA+
(1,185,546.90) AA+

1.74% Aaa/AA+
224,414.11 AA+

3.00% Aaa/AA+
769,921.86 AA+

0.77% Aaa/AA+
(1,438,435.66) AA+

3.07% Aaa/AA+
730,468.82 AA+

3.01% Aaa/AA+
545,898.34 AA+

0.37% Aaa/AA+
(716,796.88) AA+

2.60% Aaa/AA+
413,378.83 AA+

1.75% Aaa/AA+
1,160,546.82 AA+

0.18% Aaa/AA+
(360,234.36) AA+

1.81% Aaa/AA+
1,440,624.95 AA+

1.84% Aaa/AA+
401,953.12 AA+

0.37% Aaa/AA+
(683,164.06) AA+

0.74% Aaa/AA+
(1,132,080.04) AA+

0.68% Aaa/AA+
397,558.58 AA+

0.19% Aaa/AA+
(368,652.35) AA+

0.37% Aaa/AA+
(678,027.34) AA+

4.92 4.50

5.13 4.79

5.17 4.59

5.34 4.79

5.38 5.07

5.41 4.82

5.50 4.94

5.62 5.41

5.67 5.00

5.83 5.14

5.87 5.66

6.00 5.23

6.08 5.17

6.13 5.83

6.38 6.03

6.58 5.57

6.62 6.12

6.87 6.45
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Manageme, itrgWgfpledfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 115

HOLDINGS REPORT
Client Name I Account #00000 I As of September 30, 2024 CAtCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Par Value/ Purchase Date Cost Value Mkt Price
Units Purchase Yield Book Value Mkt YTM
Market Value % of Port.

Accrued Int. Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CEP2
91282CFF3
91282CFV8
91282CGM7
UNITED STATES TREASURY 2.875
05/15/2032
UNITED STATES TREASURY 2.75
08/15/2032
UNITED STATES TREASURY 4.125
11/15/2032
UNITED STATES TREASURY 3.5
02/15/2033
25,000,000.00
25,000,000.00
35,000,000.00
30,000,000.00
- 23,876,875.01

3.45% 23,876,875.01
- 22,993,457.03

3.75% 22,993,457.03
35,324,511.73

4.03% 35,324,511.73
- 29,046,679.70

3.89% 29,046,679.70

94.52 3.71%

93.45 3.72%
102.86

3.71%

98.26 3.74%
23,630,859.50
271,484.38
23,361,328.00
87,805.71
36,002,148.35
545,329.48
29,477,343.60
134,103.26

2.03% Aaa/AA+
(246,015.51) AA+

2.01% Aaa/AA+
367,870.97 AA+

3.10% Aaa/AA+
677,636.62 AA+

2.54% Aaa/AA+
430,663.90 AA+

7.62 6.67

7.88 6.95

8.13 6.77

8.38 7.15
91282CHC8
UNITED STATES TREASURY 3.375
05/15/2033
40,000,000.00

4.05%
37,882,324.23
37,882,324.23

97.22 3.75%
38,889,062.40
509,918.48

3.35% Aaa/AA+ 8.62
1,006,738.17 AA+ 7.30
91282CHT1
91282CJJ1
UNITED STATES TREASURY 3.875
08/15/2033
UNITED STATES TREASURY 4.5
11/15/2033
40,000,000.00
25,000,000.00
-- 37,253,906.26 100.80 40,321,875.20 3.47% Aaa/AA+ 8.87

4.76% 37,253,906.26 3.77% 197,961.96 3,067,968.94 AA+ 7.42 25,966,992.19 105.61 26,401,367.25 2.27% Aaa/AA+ 9.13

4.02% 25,966,992.19 3.77% 424,932.07 434,375.06 AA+ 7.37 91282CJZ5 UNITED STATES TREASURY 4.0 30,000,000.00
02/15/2034

4.39%
29,079,687.52
29,079,687.52
101.72

3.78%
30,515,625.00
153,260.87

2.63% Aaa/AA+ 9.38
1,435,937.48 AA+ 7.74
91282CKQ3 UNITED STATES TREASURY 4.375 45,000,000.00
05/15/2034
- 45,019,335.94

4.37% 45,019,335.94
104.73 47,130,468.75 4.05% Aaa/AA+ 9.62

3.78% 743,631.11 2,111,132.81 AA+ 7.73
91282CLF6 UNITED STATES TREASURY 3.875 22,500,000.00
08/15/2034
- 22,706,640.63

3.76% 22,706,640.63
100.70

3.79%
22,658,203.13
111,353.60

1.95% Aaa/AA+ 9.87
(48,437.51) AA+ 8.11
Total US Treasury
670,500,000.00 3.87%
657,947,166.33
657,947,166.33

99.77 667,493,613.32 57.42% Aaa/AA+ 7.05

3.68% 5,449,652.79 9,546,446.99 AA+ 6.06
Total Portfolio 1,168,514,288.65
1,144,668,049.60 99.54 1,162,382,225.38 100.00% Aa3/AA- 7.30

4.14% 1,144,671,371.96 3.97% 10,323,055.24 17,710,853.42 AA 6.08 Total Market
Value + Accrued
1,172,705,280.62
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Manageme, . i lg'05edfs. t1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 116

TRANSACTION LEDGER
Client Name I Account #000001 As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Transaction Settlement CUSIP
Type Date
Quantity Security Description
Price
Acq/Disp
Yield
Amount
Interest Pur/
Sold
Total Amount Gain/Loss

ACQUISITIONS
Purchase 09/03/2024 665278404
NORTHERN INST:US GVT
1,556,844.05

1.000 5.11% (1,556,844.05)

0.00 (1,556,844.05)

0.00 Purchase 09/09/2024 665278404
NORTHERN INST:US GVT
392,000.00SHS

1.000 5.09%
(392,000.00)

0.00 (392,000.00)

0.00 Purchase 09/10/2024 665278404
172,500.00 NORTHERN INST:US GVT
SHS

1.000 5.08%
(172,500.00)

0.00 (172,500.00)

0.00 Purchase 09/11/2024 665278404
109,375.00 NORTHERN HS INST:US GVT

1.000 5.07%
(109,375.00)

0.00 (109,375.00)

0.00 Purchase 09/13/2024 665278404
50,512.50 NORTHERN INST:US GVT
SHS

1.000 5.24%
(50,512.50)

0.00 (50,512.50)

0.00 Purchase
Purchase
Purchase
Purchase
09/16/2024 665278404
NORTHERN H INST:US GVT
1,142,038.79
S

1.000 5.07% (1,142,038.79)

0.00 (1,142,038.79)

0.00 09/17/2024 665278404
9,764,894.70 NORTHERN INST:US GVT
SHS

1.000 5.05% (9,764,894.70)

0.00 (9,764,894.70)

0.00 09/18/2024 91282CLF6
09/20/2024 665278404
10,000,000.00 UNITED STATES TREASURY 101.852 3.65% (10,185,156.25) (35,801.63) (10,220,957.88)

3.875 08/15/2034
9,647.60 NORTHERN INST:US GVT 1.000 4.84% (9,647.60) 0.00 (9,647.60) SHS

0.00 0.00
Purchase 09/24/2024 665278404
NORTHERN INST:US GVT
67,395.00
SHS

1.000 4.75% (67,395.00)

0.00 (67,395.00)

0.00 Purchase 09/25/2024 665278404
NORTHERN INST:US GVT
27,766.63SHS

1.000 4.75% (27,766.63)

0.00 (27,766.63)

0.00 Purchase 09/27/2024 404280DH9
Purchase 09/30/2024 665278404
2,500,000.00 HSBC HOLDINGS PLC

5.402 08/11/2033
1,261,250.00 SHS
NORTHERN INST:US GVT
103.557 4.85% (2,588,925.00)

1.000 4.74% (1,261,250.00)
(17,256.39) (2,606,181.39)

0.00 (1,261,250.00)

0.00 0.00
Total Purchase
27,054,224.27
(27,328,305.52) (53,058.02) (27,381,363.54)

0.00 TOTAL

ACQUISITIONS
27,054,224.27
(27,328,305.52) (53,058.02) (27,381,363.54)

0.00 OTHER
Sale 09/17/2024 912828661
(7,500,000.00) UNITED STATES TREASURY 96.691

2.625 02/15/2029

3.68%
7,251,855.47 (17,654.55)
7,269,510.02 (138,237.30)
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management I 0 tedfit1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 117

TRANSACTION LEDGER
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Transaction
Type
Settlement CUSIP
Date
Quantity Security Description
c
Price Aq/Disp
Yield
Amount
Interest Purl
Sold
Total Amount Gain/Loss
Sale
Sale
Sale
Sale
09/17/2024 9128285M8
09/18/2024 665278404
09/26/2024 665278404
09/27/2024 665278404
(2,500,000.00)
(10,220,957.88)
(7,366.07)
(2,606,181.39)

UNITED STATES TREASURY

3.125 11/15/2028
NORTHERN INST:US GVT
SHS
NORTHERN INST:US GVT
SHS
NORTHERN INST:US GVT
SHS

98.754 4.24%

1.000 5.09% 10,220,957.88

1.000 4.78%

1.000 4.75%
2,468,847.66 (26,537.02) 2,495,384.68

0.00 10,220,957.88
7,366.07 0.00 7,366.07
2,606,181.39 0.00 2,606,181.39
97,721.36

0.00 0.00

0.00 Total Sale

TOTAL OTHER

TRANSACTIONS
OTHER
Coupon
Coupon
Coupon
09/01/2024 3138WHCP5
09/01/2024 36225FF79
09/01/2024 36225FJE0
(22,834,505.34)
(22,834,505.34)

0.00 40N. I
FN AS7277 3.0
05/01/2031

0.00 0.00
G2 082889 3.625
07/20/2041
G2 082960 3.75
10/20/2041
Coupon
Coupon
Coupon
09/01/2024 36225FJZ3

0.00 09/01/2024 36179MN71

0.00 Coupon
Coupon
Coupon
Coupon
09/01/2024 3140JG6L4
09/01/2024 3140J6GR2
09/01/2024 31418CNE0
09/01/2024 3128MJ2T6
09/01/2024 36179QB67

0.00 0.00

0.00 G2 082979 3.75
11/20/2041
G2 MA0414 3.625
09/20/2042
FN BN0874 4.0
11/01/2048
FN BM2007 4.0
09/01/2048
FN MA3088 4.0
08/01/2047
FH G08785 4.0
10/01/2047
G2 MA1861 4.875
04/20/2044
22,555,208.47 (44,191.57) 22,599,400.04 (40,515.94)
22,555,208.47 (44,191.57) 22,599,400.04 (40,515.94)

2.56%

3.10%

3.25%
.r.

3.25%

3.33%
1,100.40
308.34
282.70
266.30

0.00 1,100.40 0.00

0.00 308.34 0.00

0.00 282.70 0.00

0.00 266.30 0.00

80.86 0.00

3.80%

3.85%

3.86%

3.92%

4.70%
1,295.80
1,083.07
1,123.49
1,421.32

53.59 0.00
1,295.80

0.00 0.00
1,083.07

0.00 0.00

0.00 0.00
1,123.49
1,421.32

53.59 0.00

0.00 0.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management liagOclgoditedfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 118

TRANSACTION LEDGER
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Transaction Settlement CUSIP
Type Date
Quantity Security Description
c
Price Aq/Disp
Yield
Amount
Interest Purl
Sold
Total Amount Gain/Loss
Coupon
09/03/2024 009158BF2

AIR PRODUCTS AND

0.00 CHEMICALS INC 4.8
03/03/2033

4.77%
204,000.00

0.00 204,000.00

0.00 Coupon 09/03/2024 911312BZ8
Coupon 09/03/2024 808513CA1
Coupon 09/07/2024 58933YAX3
Coupon 09/08/2024 828807DU8
Coupon 09/08/2024 24422EXE4

0.00 0.00

0.00 UNITED PARCEL SERVICE
INC 4.875 03/03/2033

CHARLES SCHWAB CORP

2.9 03/03/2032
MERCK & CO INC 3.4
03/07/2029

SIMON PROPERTY GROUP
LP 5.5 03/08/2033

JOHN DEERE CAPITAL
CORP 5.15 09/08/2033

4.78% 121,875.00 0.00 121,875.00 0.00

4.93% 43,500.00 0.00 43,500.00 0.00

2.97% 51,000.00 0.00 51,000.00 0.00

5.52% 123,750.00 0.00 123,750.00 0.00

5.80% 103,000.00 0.00 103,000.00 0.00
Coupon 09/09/2024 931142EY5 0.00
Coupon 09/09/2024 57636QAX2 0.00
Coupon 09/10/2024 89114TZJ4 0.00
Coupon 09/10/2024 3130B0X87 0.00
Coupon 09/11/2024 3130AV4X7 0.00
Coupon 09/13/2024 404280BK4 0.00
Coupon 09/15/2024 171239AG1 0.00
Coupon
09/15/2024 717081ET6 0.00
WALMART INC 4.15
09/09/2032
MASTERCARD INC 4.85
03/09/2033

TORONTO -DOMINION
BANK 2.0 09/10/2031

FEDERAL HOME LOAN
BANKS 4.75 03/10/2034

FEDERAL HOME LOAN
BANKS 4.375 03/11/2033

HSBC HOLDINGS PLC

4.041 03/13/2028

CHUBB INA HOLDINGS
LLC 1.375 09/15/2030
PFIZER INC 3.45
03/15/2029

4.45%
41,500.00 0.00
41,500.00 0.00

4.66% 72,750.00 0.00 72,750.00 0.00

2.05% 30,000.00 0.00 30,000.00 0.00

4.60% 142,500.00 0.00 142,500.00 0.00
109,375.00 0.00 109,375.00 0.00
50,512.50 0.00 50,512.50 0.00

1.41% 20,625.00 0.00 20,625.00 0.00

2.93% 25,875.00 0.00 25,875.00 0.00
Coupon 09/15/2024 12572QAK1

0.00 CME GROUP INC 2.65
03/15/2032

3.79%
66,250.00 0.00
66,250.00 0.00
Coupon 09/15/2024 084664DA6

BERKSHIRE HATHAWAY

0.00 FINANCE CORP 2.875
03/15/2032

4.43%
100,625.00 0.00
100,625.00 0.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Ipad#o ai�cl9108edfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 119

TRANSACTION LEDGER
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Transaction Settlement CUSIP
Type Date
Quantity Security Description
c
Price Aq/Disp
Yield
Amount Interest Purl
Sold
Total Amount Gain/Loss
Coupon
Coupon
Coupon
Coupon
09/15/2024 24422EWL9

0.00 09/15/2024 171239AK2
09/15/2024 437076CS9

0.00 0.00

JOHN DEERE CAPITAL
CORP 4.35 09/15/2032

CHUBB INA HOLDINGS
LLC 5.0 03/15/2034
HOME DEPOT INC 4.5
09/15/2032

4.64%

4.95%

4.95%
Coupon
Coupon
09/15/2024 756109BR4
09/15/2024 74456QCL8
09/15/2024 74340XCJ8

0.00 REALTY INCOME CORP

4.85 03/15/2030

PUBLIC SERVICE ELECTRIC

0.00 AND GAS CO 4.65
03/15/2033

0.00 PROLOGIS LP 5.0
03/15/2034

4.98%
87,000.00
182,777.78
168,750.00
97,000.00

0.00 0.00

0.00 87,000.00
182,777.78
168,750.00

0.00 0.00

5.09%

5.23%
186,000.00
159,722.22

0.00 0.00
97,000.00
186,000.00
159,722.22

0.00 0.00

0.00 Coupon
Coupon
Coupon
09/16/2024 40139LBE2
09/24/2024 46647PBJ4
09/28/2024 59217GFP9

GUARDIAN LIFE GLOBAL

0.00 FUNDING 1.625
09/16/2028

JPMORGAN CHASE & CO

4.493 03/24/2031

METROPOLITAN LIFE

0.00 GLOBAL FUNDING 15.15
03/28/2033

UNITED STATES TREASURY

2.375 03/31/2029

UNITED STATES TREASURY

3.625 03/31/2030

UNITED STATES TREASURY

4.625 09/30/2030

0.00 Coupon 09/30/2024 91282CEE7
Coupon 09/30/2024 91282CGS4
Coupon 09/30/2024 91282CHZ7

0.00 0.00

0.00 1.63%
41,193.75
67,395.00
128,750.00

0.00 0.00

0.00 41,193.75
67,395.00
128,750.00

0.00 0.00

0.00 2.93% r 35,625.00

3.89%1Ik 634,375.00

4.95%
462,500.00

0.00 0.00

0.00 35,625.00
634,375.00
462, 500.00

0.00 0.00

0.00 Total Coupon 0.00
Dividend 09/30/2024 665278404

0.00 NORTHERN INST:US GVT

4.91%
3,565,242.12
12,483.59

0.00 0.00
3,565,242.12
12,483.59

0.00 0.00
Total Dividend 0.00
12,483.59

0.00 12,483.59

0.00 Principal
Paydown
09/01/2024 3138WHCP5
FN AS7277 3.0
6,209.73
05/01/2031

2.56%
6,209.73
6,209.73 (323.48)
Principal
Paydown
09/01/2024 36225FF79
G2 082889 3.625
1,699.33
07/20/2041

3.10%
1,699.33
1,699.33 (113.65)
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management lr'c1O 5eolsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 120

TRANSACTION LEDGER
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Transaction Settlement CUSIP
Type Date
Quantity Security Description
c
Price Aq/Disp
Yield
Amount
Interest Purl
Sold
Total Amount Gain/Loss
Principal
Paydown
Principal
Paydown
Principal
Paydown
Principal
Paydown
Principal
Paydown
Principal
Paydown
Principal
Paydown
Principal
Paydown
Total Principal
Paydown

TOTAL OTHER

TRANSACTIONS
09/01/2024 36225FJE0
09/01/2024 36225FJZ3
09/01/2024 36179MN71
09/01/2024 3140JG6L4
09/01/2024 3140J6GR2
09/01/2024 31418CNE0
09/01/2024 3128MJ2T6
09/01/2024 36179QB67
336.66
6,090.91
493.93
4,119.82
3,030.95
2,437.30
3,926.94

34.98 28,380.55
28,380.55
G2 082960 3.75
10/20/2041
G2 082979 3.75
11/20/2041
G2 MA0414 3.625
09/20/2042
FN BN0874 4.0
11/01/2048
FN BM2007 4.0
09/01/2048
FN MA3088 4.0
08/01/2047
FH G08785 4.0
10/01/2047
G2 MA1861 4.875
04/20/2044

3.25%

3.28%

3.33%

3.80%

3.85%

3.86%

3.92%
336.66
6,090.91
493.93
4,119.82
3,030.95
2,437.30
3,926.94

4.70% 34.98
336.66 (21.36)
6,090.91 (386.41)
493.93 (18.36)
4,119.82 (135.18)
3,030.95 (69.15)
2,437.30 (51.03)
3,926.94 (45.56)

34.98 (0.68)
28,380.55 28,380.55 (1,164.86)
3,606,106.26

0.00 3,606,106.26 (1,164.86)
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOclg1 Jedfsit1c5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 121

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

CASH & EQUIVALENTS
665278404
NORTHERN INST:US GVTSHS
2,399,124.32
679,405.39
14,554,224.27
(12,834,505.34)
2,399,124.32

0.00 18,719.05

0.00 0.00

0.00 18, 719.05
18,719.05
CCYUSD
Cash
CCYUSD Receivable
Total Cash & Equivalents
lk

0.00 19,849.64
2,418,973.97

0.00 0.00

0.00 1,188,340.83

0.00 0.00
19,849.64
1,867,746.22
14,554,224.27
(12,834,505.34)
2,418,973.97

0.00 0.00

0.00 18,719.05

0.00 0.00

0.00 18,719.05

FIXED INCOME
009158BF2

AIR PRODUCTS AND
CHEMICALS INC 4.8
03/03/2033
023135BZ8
AMAZON.COM INC 2.1
05/12/2031
8,500,000.00
05/10/2021
05/12/2021
4,670,000.00
8,521,575.00

0.00 0.00
8,521,575.00
4,669,159.40

0.00 0.00
4,669,159.40
201,733.33
204,000.00
31,733.33
34,000.00
29,693.42

0.00 37,865.92
8,172.50

0.00 0.00

0.00 34,000.00

0.00 0.00

0.00 8,172.50
34,000.00
8,172.50
023135CR5
02665WEZ0
AMAZON.COM INC 4.7
12/01/2032

AMERICAN HONDA FINANCE
CORP 4.9 01/10/2034
6,000,000.00
8,500,000.00
6,073,270.00

0.00 0.00
6,073,270.00
8,381,005.00

0.00 0.00
8,381,005.00
70,500.00

0.00 94,000.00
23,500.00
59,004.17

0.00 93,712.50
34,708.33

0.00 0.00

0.00 23,500.00

0.00 0.00

0.00 34,708.33
23, 500.00
34,708.33
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOclgiefedfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 122

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
037833EH9
037833EP1
APPLE INC 1.4 08/05/2028
2,000,000.00
APPLE INC 3.35 08/08/2032
3,500,000.00
037833EU0
05/08/2023
APPLE INC 4.15 05/10/2030 05/10/2023
2,000,000.00
037833EV8
05/10/2023
APPLE INC 4.3 05/10/2033 05/12/2023
2,500,000.00
05565ECF0
BMW US CAPITAL LLC 5.15
08/11/2033
8,000,000.00
1,993,900.00

0.00 0.00
1,993,900.00
3,253,415.00

0.00 0.00
3,253,415.00
1,994,580.00

0.00 0.00
1,994,580.00
2,514,750.00

0.00 0.00
2,514,750.00
7,786,280.00

0.00 0.00
7,786,280.00
2,022.22

0.00 4,355.56
2,333.33
7,490.97

0.00 17,261.81
9,770.83
25,591.67

0.00 32,508.33
6,916.67
33,145.83

0.00 42,104.17
8,958.33

0.00 0.00

0.00 2,333.33

0.00 0.00

0.00 9,770.83

0.00 0.00

0.00 6,916.67

0.00 0.00

0.00 8,958.33
2,333.33
9,770.83
6,916.67
8,958.33
22,888.89

0.00 57,222.22
34,333.33

0.00 0.00

0.00 34,333.33
34,333.33
05565ECK9
BMW US CAPITAL LLC 5.15
04/02/2034
05/16/2024
05/20/2024
3,000,000.00
06051GHV4
06051GKQ1

BANK OF AMERICA CORP

3.194 07/23/2030

BANK OF AMERICA CORP

4.571 04/27/2033
5,000,000.00
7,500,000.00
06051GLH0

BANK OF AMERICA CORP

5.288 04/25/2034
04/16/2024
04/18/2024
2,500,000.00
2,970,330.00

0.00 0.00
2,970,330.00
4,826,210.00

0.00 0.00
4,826,210.00
7,105,085.00

0.00 0.00
7,105,085.00
2,399,025.00

0.00 0.00
2,399,025.00
63,945.83

0.00 76,820.83
12,875.00
16,857.22

0.00 30,165.56
13,308.33
118,084.17

0.00 146,652.92
28,568.75
46,270.00

0.00 57,286.67
11,016.67

0.00 0.00

0.00 12,875.00

0.00 0.00

0.00 13,308.33

0.00 0.00

0.00 28,568.75

0.00 0.00

0.00 11,016.67
12,875.00
13,308.33
28,568.75
11,016.67
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOclgoLedfsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 123

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

BANK OF NEW YORK MELLON
CORP 5.834 10/25/2033
BANK OF NOVA SCOTIA 2.15
08/01/2031
10,000,000.00
06417XAP6
BANK OF NOVA SCOTIA 4.85
02/01/2030
7,000,000.00
10/23/2023
10/25/2023
5,000,000.00
084664CW9

BERKSHIRE HATHAWAY
FINANCE CORP 1.45
10/15/2030
3,000,000.00
084664DA6

BERKSHIRE HATHAWAY
FINANCE CORP 2.875
03/15/2032
7,000,000.00
9,740,660.00

0.00 0.00
9,740,660.00
6,334,190.00

0.00 0.00
6,334,190.00
4,608,450.00

0.00 0.00
4,608,450.00
2,986,390.40

0.00 0.00
2,986,390.40
6,210,120.00

0.00 0.00
6,210,120.00
204,190.00

0.00 252,806.67
48,616.67
12,541.67

0.00 25,083.33
12,541.67
20,208.33

0.00 40,416.67
20,208.33
16,433.33

0.00 20,058.33
3,625.00

0.00 0.00

0.00 48, 616.67

0.00 0.00

0.00 12,541.67

0.00 0.00

0.00 20,208.33

0.00 0.00

0.00 3,625.00
48, 616.67
12,541.67
20,208.33
3,625.00
92,798.61
100,625.00
8,944.44
16,770.83

0.00 0.00

0.00 16,770.83
16,770.83
09247XAP6
BLACKROCK INC 3.25
04/30/2029
06/05/2019
06/07/2019
2,500,000.00
09247XAT8
12572QAK1
BLACKROCK INC 4.75
05/25/2033
CME GROUP INC 2.65
03/15/2032
171239AG1

CHUBB INA HOLDINGS LLC

1.375 09/15/2030
10,000,000.00
5,000,000.00
3,000,000.00
2,560,250.00

0.00 0.00
2,560,250.00
9,783,895.00

0.00 0.00
9,783,895.00
4,583,388.40

0.00 0.00
4,583,388.40
2,989,083.12

0.00 0.00
2,989,083.12
27,309.03

0.00 34,079.86
6,770.83
126,666.67

0.00 166,250.00
39,583.33
61,097.22
66,250.00
5,888.89
11,041.67
19,020.83
20,625.00
1,833.33
3,437.50

0.00 0.00

0.00 6,770.83

0.00 0.00

0.00 39,583.33

0.00 0.00

0.00 11,041.67

0.00 0.00

0.00 3,437.50
6,770.83
39,583.33
11,041.67
3,437.50
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Ir'ctOlgiSedfsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 124

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

CHUBB INA HOLDINGS LLC

5.0 03/15/2034
CISCO SYSTEMS INC 4.95
02/26/2031
7,000,000.00
191216DR8
COCA-COLA CO 5.0
05/13/2034
20030NCA7
20030NDM0
COMCAST CORP 3.15
02/15/2028
COMCAST CORP 1.95
01/15/2031
8,000,000.00
05/14/2024
05/16/2024
5,000,000.00
10/25/2019
10/29/2019
2,000,000.00
01/13/2021
01/15/2021
1,000,000.00
7,025,160.00

0.00 0.00
7,025,160.00
7,991,466.50

0.00 0.00
7,991,466.50
4,997,650.00

0.00 0.00
4,997,650.00
2,099,560.00

0.00 0.00
2,099,560.00
1,009,430.00

0.00 0.00
1,009,430.00
169,166.67
182,777.78
15,555.56
29,166.67
5,500.00

0.00 38,500.00
33,000.00
75,000.00

0.00 95,833.33
20,833.33
2,800.00

0.00 8,050.00
5,250.00
2,491.67

0.00 4,116.67
1,625.00

0.00 0.00

0.00 29,166.67

0.00 0.00

0.00 33,000.00

0.00 0.00

0.00 20,833.33

0.00 0.00

0.00 5,250.00

0.00 0.00

0.00 1,625.00
29,166.67
33,000.00
20,833.33
5,250.00
1,625.00
20030NEC1
COMCAST CORP 4.65
02/15/2033
5,000,000.00
20030NEE7
24422EUY3
COMCAST CORP 4.8
05/15/2033

JOHN DEERE CAPITAL CORP

2.8 07/18/2029
3,500,000.00
08/27/2019
08/29/2019
2,000,000.00
24422 E W L9

JOHN DEERE CAPITAL CORP

4.35 09/15/2032
4,000,000.00
4,986,780.00

0.00 0.00
4,986,780.00
3,192,540.00

0.00 0.00
3,192,540.00
2,084,160.00

0.00 0.00
2,084,160.00
3,911,405.00

0.00 0.00
3,911,405.00
10,333.33

0.00 29,708.33
19,375.00
49,466.67

0.00 63,466.67
14,000.00
6,688.89

0.00 11,355.56
4,666.67
80,233.33
87,000.00
7,733.33
14,500.00

0.00 0.00

0.00 19,375.00

0.00 0.00

0.00 14,000.00

0.00 0.00

0.00 4,666.67

0.00 0.00

0.00 14, 500.00
19,375.00
14,000.00
4,666.67
14, 500.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Ir'gOclgi Fefsjt1c5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 125

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

JOHN DEERE CAPITAL CORP

5.15 09/08/2033

JOHN DEERE CAPITAL CORP

5.05 06/12/2034
25731VAA2

DOMINION ENERGY
SOUTH CAROLINA INC 2.3
12/01/2031
4,000,000.00
06/11/2024
06/12/2024
2,500,000.00
41,
11/29/2021
4,000,000.00
26442CBJ2

DUKE ENERGY CAROLINAS
LLC 4.95 01/15/2033
5,000,000.00
26442CBM5

DUKE ENERGY CAROLINAS
LLC 4.85 01/15/2034
01/17/2024
01/19/2024
3,000,000.00
3,806,060.00

0.00 0.00
3,806,060.00
2,469,875.00

0.00 0.00
2,469,875.00
3,990,882.64

0.00 0.00
3,990,882.64
5,007,380.00

0.00 0.00
5,007,380.00
2,945,190.00

0.00 0.00
2,945,190.00
98,994.44
103,000.00
13,161.11
17,166.67
28,055.56

0.00 38,576.39
10,520.83
23,000.00

0.00 30,666.67
7,666.67
31,625.00

0.00 52,250.00
20,625.00

0.00 0.00

0.00 17,166.67

0.00 0.00

0.00 10,520.83

0.00 0.00

0.00 7,666.67

0.00 0.00

0.00 20,625.00
17,166.67
10,520.83
7,666.67
20,625.00
18,591.67

0.00 30,716.67
12,125.00

0.00 0.00

0.00 12,125.00
12,125.00
26444HAK7

DUKE ENERGY FLORIDA LLC

2.4 12/15/2031
2,000,000.00
29379VCF8
30231GBE1

ENTERPRISE PRODUCTS
OPERATING LLC 4.85
01/31/2034
EXXON MOBIL CORP 2.44
08/16/2029
30303M8N5
META PLATFORMS INC 4.95
05/15/2033
5,000,000.00
08/20/2019
08/22/2019
3,000,000.00
10/18/2023
10/20/2023
5,000,000.00
1,895,405.00

0.00 0.00
1,895,405.00
4,783,850.00

0.00 0.00
4,783,850.00
3,043,560.00

0.00 0.00
3,043,560.00
4,675,300.00

0.00 0.00
4,675,300.00
10,133.33

0.00 14,133.33
4,000.00
20,881.94

0.00 41,090.28
20,208.33
3,050.00

0.00 9,150.00
6,100.00
72,875.00

0.00 93,500.00
20,625.00

0.00 0.00

0.00 4,000.00

0.00 0.00

0.00 20,208.33

0.00 0.00

0.00 6,100.00

0.00 0.00

0.00 20,625.00
4,000.00
20,208.33
6,100.00
20,625.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOclgo5edfsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 126

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3128MJ2T6
3128NHXW8
3128S4ME4
3130AEB25
3130AGDY8
FH G08785 4.0 10/01/2047
FH 1J1593 6.639 04/01/2037
09/18/2018
09/20/2018
422,469.39
10/22/2009
10/22/2009
68,938.44
V
08/13/2009
FH 1O0357 6.853 11/01/2037 08/13/2009
14, 778.93

FEDERAL HOME LOAN BANKS

3.25 06/09/2028

FEDERAL HOME LOAN BANKS

2.75 06/08/2029
5,000,000.00
06/21/2019
06/25/2019
2,725,000.00
431,343.18

0.00 (3,972.50)
427,370.68
79,306.95

0.00 (7,118.28)
72,188.67
15,739.00

0.00 (75.19)
15,663.81
4,943,980.00

0.00 0.00
4,943,980.00
2,804,651.75

0.00 0.00
2,804,651.75
1,421.32
1,421.32
1,408.23
1,408.23
417.87
419.63
381.40
383.16

79.45 71.06

84.40 76.01
37,013.89

0.00 50,555.56
13,541.67
17,277.26

0.00 23,522.05
6,244.79

0.00 0.00

0.00 1,408.23

0.00 0.00

0.00 383.16

0.00 0.00

0.00 76.01

0.00 0.00

0.00 13,541.67

0.00 0.00

0.00 6,244.79
1,408.23
383.16

76.01 13,541.67
6,244.79
3130AV4X7

FEDERAL HOME LOAN BANKS

4.375 03/11/2033
04/26/2023
04/27/2023
5,000,000.00
3130AVWG3

FEDERAL HOME LOAN BANKS

4.0 06/10/2033
07/20/2023
07/21/2023
5,000,000.00
5,137,800.00

0.00 0.00
5,137,800.00
4,869,100.00

0.00 0.00
4,869,100.00
103,298.61
109,375.00
12,152.78
18,229.17
45,000.00

0.00 61,666.67
16,666.67

0.00 0.00

0.00 18,229.17

0.00 0.00

0.00 16,666.67
18,229.17
16,666.67
3130B0X87

FEDERAL HOME LOAN BANKS

4.75 03/10/2034
06/26/2024
06/27/2024
7,500,000.00
3135G05Q2

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.875 08/05/2030
5,000,000.00
7,586,700.00

0.00 0.00
7,586,700.00
4,954,299.70

0.00 0.00
4,954,299.70
133,593.75
142,500.00
20,781.25
29,687.50
3,159.72

0.00 6,805.56
3,645.83

0.00 0.00

0.00 29,687.50

0.00 0.00

0.00 3,645.83
29,687.50
3,645.83
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOclgiftedfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 127

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.75 10/08/2027
10/27/2020
10/28/2020
5,000,000.00
5,000,450.00

0.00 0.00
5,000,450.00
463,090.47

0.00 (6,533.21)
456,557.26
332,333.51

0.00 (3,100.10)
329,233.41
401,496.92

0.00 (4,255.00)
397,241.92
344,104.57

0.00 (2,488.33)
341,616.24
3138WHCP5
3140J6GR2
3140JG6L4
FN AS7277 3.0 05/01/2031
06/28/2016
06/28/2016
433,951.92
02/25/2019
FN BM2007 4.0 09/01/2048 02/27/2019
321,890.28
FN BN0874 4.0 11/01/2048
06/10/2019
06/13/2019
384,621.55
31418CNE0
08/27/2018
FN MA3088 4.0 08/01/2047 08/29/2018
334, 610.40
14,895.83

0.00 18,020.83
3,125.00

0.00 0.00

0.00 3,125.00
3,125.00
1,100.40
1,100.40
1,084.88
1,084.88
1,083.07
1,083.07
1,072.97
1,072.97
1,295.80
1,295.80
1,282.07
1,282.07
1,123.49
1,123.49
1,115.37
1,115.37

0.00 0.00

0.00 1,084.88

0.00 0.00

0.00 1,072.97

0.00 0.00

0.00 1,282.07
1,084.88
1,072.97
1,282.07

0.00 0.00

0.00 1,115.37
1,115.37
341081GL5

FLORIDA POWER & LIGHT CO

5.1 04/01/2033
36179 M N 71
36179QB67
G2 MA0414 3.625
09/20/2042
G2 MA1861 4.875
04/20/2044
7,000,000.00
09/11/2012
09/11/2012
26,273.89
06/03/2014
06/03/2014
13,156.61
36225FF79
03/14/2012
G2 082889 3.625 07/20/2041 03/14/2012
100,371.77
7,176,590.00

0.00 0.00
7,176,590.00
27,763.28

0.00 (512.29)
27,250.99
13,447.49

0.00 (35.66)
13,411.83
108,897.12

0.00 (1,812.98)
107,084.14
148,750.00

0.00 178, 500.00
29,750.00

80.86 80.86

79.37 79.37

53.59 53.59

53.45 53.45
308.34
308.34
303.21
303.21

0.00 0.00

0.00 29,750.00

0.00 0.00

0.00 79.37

0.00 0.00

0.00 53.45

0.00 0.00

0.00 303.21
29,750.00

79.37 53.45
303.21
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOclg 7 edfsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 128

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

GUARDIAN LIFE GLOBAL
FUNDING 1.625 09/16/2028
404280BK4
HSBC HOLDINGS PLC 4.041
03/13/2028
404280DH9
437076BY7
HSBC HOLDINGS PLC 5.402
08/11/2033
HOME DEPOT INC 2.95
06/15/2029
05/03/2012
05/03/2012
90,127.54
79,123.91
09/13/2021
09/16/2021
5,070,000.00
11/25/2019
11/27/2019
2,500,000.00
09/26/2024
09/27/2024
2,500,000.00
06/11/2019
06/17/2019
1,500,000.00
96,203.05

0.00 (358.02)
95,845.03
90,620.61

0.00 (6,477.32)
84,143.29
5,067,008.70

0.00 0.00
5,067,008.70
2,655,625.00

0.00 0.00
2,655,625.00

0.00 2,588,925.00

0.00 2,588,925.00
1,498,455.00

0.00 0.00
1,498,455.00
7,260,535.00

0.00 0.00
7,260,535.00
9,934,460.00

0.00 0.00
9,934,460.00
2,121,594.11

0.00 0.00
2,121,594.11
437076C59
438516CK0
HOME DEPOT INC 4.5
09/15/2032

HONEYWELL INTERNATIONAL
INC 5.0 02/15/2033
7,500,000.00
10,000,000.00
46647PAM8

JPMORGAN CHASE & CO

3.509 01/23/2029
2,000,000.00
282.70
282.70
281.65
281.65
266.30
266.30
247.26
247.27
37,760.94
41,193.75
3,432.81
6,865.63
47,145.00
50,512.50
5,051.25
8,418.75

0.00 0.00

0.00 281.65

0.00 0.00

0.00 247.27

0.00 0.00

0.00 6,865.63

0.00 0.00

0.00 8,418.75
281.65
247.27
6,865.63
8,418.75

0.00 (17,256.39)
18,756.94
1,500.55
9,341.67

0.00 13,029.17
3,687.50
155,625.00
168,750.00
15,000.00
28,125.00
22,222.22

0.00 63,888.89
41,666.67
7,407.89

0.00 13,256.22
5,848.33

0.00 0.00

0.00 1,500.55

0.00 0.00

0.00 3,687.50

0.00 0.00

0.00 28,125.00

0.00 0.00

0.00 41,666.67

0.00 0.00

0.00 5,848.33
1,500.55
3,687.50
28,125.00
41,666.67
5,848.33
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management lr'ctOlgigedfsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 129

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

JPMORGAN CHASE & CO

4.493 03/24/2031
3,000,000.00
2,830,150.00

0.00 0.00
2,830,150.00
46647PBL9

JPMORGAN CHASE & CO

2.522 04/22/2031
02/14/2022
02/16/2022
2,000,000.00
46647PDC7

JPMORGAN CHASE & CO

4.586 04/26/2033
limAY
7,000,000.00
532457CF3
ELI LILLY AND CO 4.7
02/27/2033
7,000,000.00
57636QAX2
MASTERCARD INC 4.85
03/09/2033
06/13/2023
06/15/2023
3,000,000.00
1,906,620.00

0.00 0.00
1,906,620.00
6,592,710.00

0.00 0.00
6,592,710.00
7,032,030.00

0.00 0.00
7,032,030.00
3,042,750.00

0.00 0.00
3,042,750.00
58,783.42
67,395.00
2,620.92
11,232.50
18,074.33

0.00 22,277.67
4,203.33
111,465.28

0.00 138,216.94
26,751.67
3,655.56

0.00 31,072.22
27,416.67

0.00 0.00

0.00 11,232.50
11,232.50

0.00 0.00

0.00 4,203.33

0.00 0.00

0.00 26,751.67

0.00 0.00

0.00 27,416.67
4,203.33
26,751.67
27,416.67
69,516.67
72,750.00
8,891.67
12,125.00

0.00 0.00

0.00 12,125.00
12,125.00
58933YAX3
MERCK & CO INC 3.4
03/07/2029
58933YBK0
59217GFP9
MERCK & CO INC 4.5
05/17/2033

METROPOLITAN LIFE GLOBAL
FUNDING 15.15 03/28/2033
3,000,000.00
05/11/2023
05/17/2023
5,000,000.00
5,000,000.00
6174468P7
MORGAN STANLEY 3.622
04/01/2031
5,000,000.00
3,107, 740.00

0.00 0.00
3,107,740.00
5,065,650.00

0.00 0.00
5,065,650.00
4,981,340.00

0.00 0.00
4,981,340.00
4,440,275.00

0.00 0.00
4,440,275.00
49,300.00
51,000.00
6,800.00
8,500.00
65,000.00

0.00 83,750.00
18,750.00
109,437.50
128,750.00
2,145.83
21,458.33
75,458.33

0.00 90,550.00
15,091.67

0.00 0.00

0.00 8,500.00

0.00 0.00

0.00 18,750.00

0.00 0.00

0.00 21,458.33

0.00 0.00

0.00 15,091.67
8,500.00
18,750.00
21,458.33
15,091.67
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOclgi�edfsit1cg5 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 130

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.8 01/15/2033
06/16/2023
06/21/2023
5,000,000.00
04/18/2024
04/22/2024
2,500,000.00

40.47 7,000,000.00
665859AU8
665859AV6
NORTHERN TRUST CORP 3.15
05/03/2029
NORTHERN TRUST CORP 1.95
05/01/2030
12/05/2019
12/09/2019
1,500,000.00
07/22/2020
07/24/2020
1,500,000.00
4,800,950.00

0.00 0.00
4,800,950.00
2,398,075.00

0.00 0.00
2,398,075.00
6,821,460.00

0.00 0.00
6,821,460.00
1,576,680.00

0.00 0.00
1,576,680.00
1,581,525.00

0.00 0.00
1,581,525.00
27,840.14

0.00 48,210.97
20,370.83
47,395.83

0.00 58,333.33
10,937.50
51,877.78

0.00 85,711.11
33,833.33
15,487.50

0.00 19,425.00
3,937.50
9,750.00

0.00 12,187.50
2,437.50

0.00 0.00

0.00 20,370.83

0.00 0.00

0.00 10,937.50

0.00 0.00

0.00 33,833.33

0.00 0.00

0.00 3,937.50

0.00 0.00

0.00 2,437.50
20,370.83
10,937.50
33,833.33
3,937.50
2,437.50
693475AW5

PNC FINANCIAL SERVICES
GROUP INC 3.45 04/23/2029
2,000,000.00
713448FE3 PEPSICO INC 1.95 10/21/2031
713448FM5 PEPSICO INC 3.9 07/18/2032
3,000,000.00
9,000,000.00
716973AE2

PFIZER INVESTMENT
ENTERPRISES PTE LTD 4.75
05/19/2033
7,500,000.00
2,138,025.00

0.00 0.00
2,138,025.00
2,981,718.20

0.00 0.00
2,981,718.20
8,304,380.00

0.00 0.00
8,304,380.00
7,265,650.00

0.00 0.00
7,265,650.00
24,533.33

0.00 30,283.33
5,750.00
21,125.00

0.00 26,000.00
4,875.00
41,925.00

0.00 71,175.00
29,250.00
100,937.50

0.00 130,625.00
29,687.50

0.00 0.00

0.00 5,750.00

0.00 0.00

0.00 4,875.00

0.00 0.00

0.00 29,250.00

0.00 0.00

0.00 29,687.50
5,750.00
4,875.00
29,250.00
29,687.50
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOcI92fjedfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 131

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
717081ET6
717081FB4
PFIZER INC 3.45 03/15/2029
06/12/2019
06/14/2019
1,500,000.00
11/16/2021
PFIZER INC 1.75 08/18/2031 11/18/2021
2,000,000.00
74340XCE9
PROLOGIS LP 4.75
06/15/2033
7,000,000.00
74340XCJ8 PROLOGIS LP 5.0 03/15/2034
5,000,000.00
1,564,020.00

0.00 0.00
1,564,020.00
1,931,500.00

0.00 0.00
1,931,500.00
6,624,720.00

0.00 0.00
6,624,720.00
4,911,330.00

0.00 0.00
4,911,330.00
7,748,688.00

0.00 0.00
7,748,688.00
74456QCL8

PUBLIC SERVICE ELECTRIC
AND GAS CO 4.65
03/15/2033
8,000,000.00
23,862.50
25,875.00
2,300.00
4,312.50
1,263.89

0.00 4,180.56
2,916.67
70,194.44

0.00 97,902.78
27,708.33
150,000.00
159,722.22
11,111.11
20,833.33
171,533.33
186,000.00
16,533.33
31,000.00

0.00 0.00

0.00 4,312.50

0.00 0.00

0.00 2,916.67

0.00 0.00

0.00 27,708.33

0.00 0.00

0.00 20,833.33

0.00 0.00

0.00 31,000.00
4,312.50
2,916.67
27,708.33
20,833.33
31,000.00
747525BK8
QUALCOMM INC 2.15
05/20/2030
747525BQ5
747525BS1
QUALCOMM INC 4.25
05/20/2032
QUALCOMM INC 5.4
05/20/2033
5,500,000.00
3,000,000.00
4,000,000.00
756109AX2
REALTY INCOME CORP 3.25
01/15/2031
09/19/2022
09/21/2022
3,000,000.00
5,436,382.86

0.00 0.00
5,436,382.86
2,945,505.00

0.00 0.00
2,945,505.00
4,055,920.00

0.00 0.00
4,055,920.00
2,644,890.00

0.00 0.00
2,644,890.00
33,175.69

0.00 43,029.86
9,854.17
35,770.83

0.00 46,395.83
10,625.00
60,600.00

0.00 78,600.00
18,000.00
12,458.33

0.00 20,583.33
8,125.00

0.00 0.00

0.00 9,854.17

0.00 0.00

0.00 10,625.00

0.00 0.00

0.00 18,000.00

0.00 0.00

0.00 8,125.00
9,854.17
10,625.00
18,000.00
8,125.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management lijrgOcImelledfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 132

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
756109BP8
756109BR4
REALTY INCOME CORP 5.625
10/13/2032
REALTY INCOME CORP 4.85
03/15/2030
78016EYH4
ROYAL BANK OF CANADA 2.3
11/03/2031
10/19/2023
10/23/2023
3,000,000.00
4,000,000.00
11/12/2021
11/16/2021
3,500,000.00
78016FZX5
ROYAL BANK OF CANADA 5.0
02/01/2033
8,000,000.00
79466LAH7
SALESFORCE INC 1.5
07/15/2028
06/29/2021
07/12/2021
2,340,000.00
2,811,960.00

0.00 0.00
2,811,960.00
3,969,460.00

0.00 0.00
3,969,460.00
3,504,620.00

0.00 0.00
3,504,620.00
7,735,430.00

0.00 0.00
7,735,430.00
2,327,925.60

0.00 0.00
2,327,925.60
64,687.50

0.00 78,750.00
14,062.50
89,455.56
97,000.00
8,622.22
16,166.67
26,386.11

0.00 33,094.44
6,708.33
33,333.33

0.00 66,666.67
33,333.33

0.00 0.00

0.00 14,062.50

0.00 0.00

0.00 16,166.67

0.00 0.00

0.00 6,708.33

0.00 0.00

0.00 33,333.33
14,062.50
16,166.67
6,708.33
33,333.33
4,485.00

0.00 7,410.00
2,925.00

0.00 0.00

0.00 2,925.00
2,925.00
797440BZ6

SAN DIEGO GAS & ELECTRIC
CO 1.7 10/01/2030
03/08/2021
03/10/2021
3,000,000.00
808513BA2
808513CA1
CHARLES SCHWAB CORP 3.25
05/22/2029
CHARLES SCHWAB CORP 2.9
03/03/2032
822582CD2

SHELL INTERNATIONAL
FINANCE BV 2.375
11/07/2029
06/24/2019
06/26/2019
1,500,000.00
3,000,000.00
11/05/2019
11/07/2019
2,000,000.00
2,839,620.00

0.00 0.00
2,839,620.00
1,550,340.00

0.00 0.00
1,550,340.00
2,560,635.00

0.00 0.00
2,560,635.00
1,972,580.00

0.00 0.00
1,972,580.00
21,250.00

0.00 25,500.00
4,250.00
13,406.25

0.00 17,468.75
4,062.50
43,016.67
43,500.00
6,766.67
7,250.00
15,041.67

0.00 19,000.00
3,958.33

0.00 0.00

0.00 4,250.00

0.00 0.00

0.00 4,062.50

0.00 0.00

0.00 7,250.00

0.00 0.00

0.00 3,958.33
4,250.00
4,062.50
7,250.00
3,958.33
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IFixgOcI922edfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 133

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

SHELL INTERNATIONAL
FINANCE BV 2.75 04/06/2030
5,000,000.00
4,758,960.00

0.00 0.00
4,758,960.00
55,381.94

0.00 66,840.28
11,458.33

0.00 0.00

0.00 11,458.33
11,458.33
828807DM6

SIMON PROPERTY GROUP LP

2.2 02/01/2031
828807DU8

SIMON PROPERTY GROUP LP

5.5 03/08/2033
09/15/2021
09/17/2021
2,500,000.00
4,500,000.00
05/12/2023
05/16/2023
2,000,000.00
857477BU6
STATE STREET CORP 4.421
05/13/2033
857477BV4
STATE STREET CORP 4.164
08/04/2033
10/30/2023
11/01/2023
2,000,000.00
2,499,975.00

0.00 0.00
2,499,975.00
4,491,950.00

0.00 0.00
4,491,950.00
1,924,940.00

0.00 0.00
1,924,940.00
1,699,560.00

0.00 0.00
1,699,560.00
4,583.33

0.00 9,166.67
4,583.33
118,937.50
123,750.00
15,812.50
20,625.00
26,526.00

0.00 33,894.33
7,368.33

0.00 0.00

0.00 4,583.33

0.00 0.00

0.00 20,625.00

0.00 0.00

0.00 7,368.33
4,583.33
20,625.00
7,368.33
6,246.00

0.00 13,186.00
6,940.00

0.00 0.00

0.00 6,940.00
6,940.00
87612EBH8
TARGET CORP 3.375
04/15/2029
04/23/2019
04/25/2019
3,000,000.00
87612EBQ8 TARGET CORP 4.4 01/15/2033
89114TZJ4

TORONTO -DOMINION BANK

2.0 09/10/2031
7,000,000.00
09/17/2021
09/21/2021
3,000,000.00
89115A2E1

TORONTO -DOMINION BANK

4.456 06/08/2032
9,000,000.00
3,025,020.00

0.00 0.00
3,025,020.00
6,942,200.00

0.00 0.00
6,942,200.00
2,985,720.00

0.00 0.00
2,985,720.00
8,312,940.00

0.00 0.00
8,312,940.00
38,250.00

0.00 46, 687.50
8,437.50
39,355.56

0.00 65,022.22
25,666.67
28,500.00
30,000.00
3,500.00
5,000.00
92,462.00

0.00 125,882.00
33,420.00

0.00 0.00

0.00 8,437.50

0.00 0.00

0.00 25,666.67

0.00 0.00

0.00 5,000.00

0.00 0.00

0.00 33,420.00
8,437.50
25,666.67
5,000.00
33,420.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IFixgOcI92Sedfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 134

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

TOYOTA MOTOR CREDIT
CORP 3.375 04/01/2030
5,000,000.00
4,493,920.00

0.00 0.00
4,493,920.00
70,312.50

0.00 84,375.00
14,062.50
89236TKR5

TOYOTA MOTOR CREDIT
CORP 4.7 01/12/2033
89236TLM5

TOYOTA MOTOR CREDIT
CORP 4.8 01/05/2034
5,000,000.00
02/07/2024
02/09/2024
4,000,000.00
9113128Y1

UNITED PARCEL SERVICE INC

4.45 04/01/2030
09/27/2022
09/29/2022
2,000,000.00
911312BZ8

UNITED PARCEL SERVICE INC

4.875 03/03/2033
5,000,000.00
5,038,315.00

0.00 0.00
5,038,315.00
3,961,600.00

0.00 0.00
3,961,600.00
1,934,520.00

0.00 0.00
1,934,520.00
5,036,405.00

0.00 0.00
5,036,405.00
31,986.11

0.00 51,569.44
19,583.33
29,866.67

0.00 45,866.67
16,000.00
37,083.33

0.00 44,500.00
7,416.67
120,520.83
121,875.00
18,958.33
20,312.50

0.00 0.00

0.00 14,062.50

0.00 0.00

0.00 19,583.33

0.00 0.00

0.00 16,000.00

0.00 0.00

0.00 7,416.67

0.00 0.00

0.00 20,312.50
14,062.50
19,583.33
16,000.00
7,416.67
20,312.50
91159HJK7
US BANCORP 4.653
02/01/2029
03/09/2023
03/13/2023
4,000,000.00
9128285M8
9128286B1

UNITED STATES TREASURY

3.125 11/15/2028

UNITED STATES TREASURY

2.625 02/15/2029

0.00 5,000,000.00
9128286T2

UNITED STATES TREASURY

2.375 05/15/2029
06/26/2019
06/27/2019
5,000,000.00
3,877,840.00

0.00 0.00
3,877,840.00
2,371,126.30

0.00 (2,371,126.30)

0.00 12,316,821.29

0.00 (7,390,092.77)
4,926,728.51
5,145,117.19

0.00 0.00
5,145,117.19
15,510.00

0.00 31,020.00
15,510.00
23,140.29
26,537.02

0.00 3,396.73
15,157.95
17,654.55
16,762.91
19,259.51
35,173.23

0.00 44,853.94
9,680.71

0.00 0.00

0.00 15,510.00

0.00 0.00

0.00 3,396.73

0.00 0.00

0.00 19,259.51

0.00 0.00

0.00 9,680.71
15, 510.00
3,396.73
19,259.51
9,680.71
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IiirgOcI924effsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 135

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

UNITED STATES TREASURY

1.75 11/15/2029
10,000,000.00
10,346,875.00

0.00 0.00
10,346,875.00
51,834.24

0.00 66,100.54
14,266.30

0.00 0.00

0.00 14,266.30
14,266.30
912828Z94
UNITED STATES TREASURY 1.5
02/15/2030
912828ZQ6

UNITED STATES TREASURY

0.625 05/15/2030
10,000,000.00
5,000,000.00
10,417,732.56

0.00 0.00
10,417,732.56
4,962,890.63

0.00 0.00
4,962,890.63
2,467,070.31

0.00 0.00
2,467,070.31
4,938,632.81

0.00 0.00
4,938,632.81
91282CAE1
91282CAV3

UNITED STATES TREASURY

0.625 08/15/2030

UNITED STATES TREASURY

0.875 11/15/2030
2,500,000.00
5,000,000.00
6,929.35

0.00 19,157.61
12,228.26
9,256.11

0.00 11,803.67
2,547.55
721.81

0.00 1,995.58
1,273.78
12,958.56

0.00 16,525.14
3,566.58

0.00 0.00

0.00 12,228.26

0.00 0.00

0.00 2,547.55

0.00 0.00

0.00 1,273.78

0.00 0.00

0.00 3,566.58
12,228.26
2,547.55
1,273.78
3,566.58
91282CBL4

UNITED STATES TREASURY

1.125 02/15/2031
91282CCB5
91282CCS8

UNITED STATES TREASURY

1.625 05/15/2031

UNITED STATES TREASURY

1.25 08/15/2031
10,000,000.00
07/23/2021
07/26/2021
2,500,000.00
5,000,000.00
91282CEE7

UNITED STATES TREASURY

2.375 03/31/2029
04/19/2022
04/20/2022
3,000,000.00
9,731,298.84

0.00 0.00
9,731,298.84
2,572,656.25

0.00 0.00
2,572,656.25
4,948,144.54

0.00 0.00
4,948,144.54
2,895,117.19

0.00 0.00
2,895,117.19
5,197.01

0.00 14,368.21
9,171.20
12,032.95

0.00 15,344.77
3,311.82
2,887.23

0.00 7,982.34
5,095.11
29,979.51
35,625.00
195.74
5,841.23

0.00 0.00

0.00 9,171.20

0.00 0.00

0.00 3,311.82

0.00 0.00

0.00 5,095.11
9,171.20
3,311.82
5,095.11

0.00 0.00

0.00 5,841.23
5,841.23
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IFixgOcI925effsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 136

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

UNITED STATES TREASURY

2.875 05/15/2032
25,000,000.00
23,876,875.01

0.00 0.00
23,876,875.01
212,890.63

0.00 271,484.38
58,593.75

0.00 0.00

0.00 58,593.75
58,593.75
91282CES6

UNITED STATES TREASURY

2.75 05/31/2029
91282CEV9

UNITED STATES TREASURY

3.25 06/30/2029
7,500,000.00
30,000,000.00
91282CFF3

UNITED STATES TREASURY

2.75 08/15/2032
25,000,000.00
7,006,582.03

0.00 0.00
7,006,582.03
29,223,437.51

0.00 0.00
29,223,437.51
22,993,457.03

0.00 0.00
22,993,457.03
28,595,039.07

0.00 0.00
28,595,039.07
91282CFJ5

UNITED STATES TREASURY

3.125 08/31/2029
30,000,000.00
52,407.79

0.00 69,313.52
16,905.74
166,915.76

0.00 246,399.46
79,483.70
31,759.51

0.00 87,805.71
56,046.20

0.00 0.00

0.00 16,905.74

0.00 0.00

0.00 79,483.70

0.00 0.00

0.00 56,046.20
16,905.74
79,483.70
56,046.20
2,589.78
468,750.00
80,283.15
546,443.37

0.00 0.00

0.00 546,443.37
546,443.37
91282CFV8

UNITED STATES TREASURY

4.125 11/15/2032
91282CFY2
91282CGJ4

UNITED STATES TREASURY

3.875 11/30/2029
UNITED STATES TREASURY 3.5
01/31/2030
91282CGM7
UNITED STATES TREASURY 3.5
02/15/2033
35,000,000.00
20,000,000.00
35,000,000.00
30,000,000.00
35,324,511.73

0.00 0.00
35,324,511.73
20,037,304.69

0.00 0.00
20,037,304.69
34,055,078.14

0.00 0.00
34,055,078.14
29,046,679.70

0.00 0.00
29,046,679.70
427,632.47

0.00 545,329.48
117,697.01
196,926.23

0.00 260,450.82
63,524.59
106,521.74

0.00 206,385.87
99,864.13
48,505.43

0.00 134,103.26
85,597.83

0.00 0.00

0.00 117, 697.01

0.00 0.00

0.00 63,524.59

0.00 0.00

0.00 99,864.13

0.00 0.00

0.00 85,597.83
117,697.01
63,524.59
99,864.13
85,597.83
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management l oln lg2tedfsitiir55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 137

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

UNITED STATES TREASURY

3.625 03/31/2030

UNITED STATES TREASURY

3.375 05/15/2033
35,000,000.00
35,000,000.00
40,000,000.00
91282CHF1

UNITED STATES TREASURY

3.75 05/31/2030
30,000,000.00
91282CHR5
UNITED STATES TREASURY 4.0
07/31/2030
20,000,000.00
34,940,820.33

0.00 0.00
34,940,820.33
34,477,343.76

0.00 0.00
34,477,343.76
37,882,324.23

0.00 0.00
37,882,324.23
29,784,667.97

0.00 0.00
29,784,667.97
19,230,859.38

0.00 0.00
19,230,859.38
3,867.40
700,000.00
119,889.50
816,022.10
533,845.63
634,375.00
3,485.58
104,014.95
399,864.13

0.00 509,918.48
110,054.35
285,860.66

0.00 378,073.77
92,213.11

0.00 0.00

0.00 816,022.10

0.00 0.00

0.00 104,014.95

0.00 0.00

0.00 110,054.35

0.00 0.00

0.00 92,213.11
816,022.10
104,014.95
110,054.35
92,213.11
69,565.22

0.00 134,782.61
65,217.39

0.00 0.00

0.00 65,217.39
65,217.39
91282CHT1

UNITED STATES TREASURY

3.875 08/15/2033
91282CHZ7
91282CJG7

UNITED STATES TREASURY

4.625 09/30/2030

UNITED STATES TREASURY

4.875 10/31/2030
91282CJJ1
UNITED STATES TREASURY 4.5
11/15/2033
40,000,000.00
20,000,000.00
20,000,000.00
25,000,000.00
37,253,906.26

0.00 0.00
37,253,906.26
19,622,656.25

0.00 0.00
19,622,656.25
20,944,921.88

0.00 0.00
20,944,921.88
25,966,992.19

0.00 0.00
25,966,992.19
71,603.26

0.00 197,961.96
126,358.70
389,207.65
462,500.00
2,541.21
75,833.56
328,532.61

0.00 408,016.30
79,483.70
333,220.11

0.00 424,932.07
91,711.96

0.00 0.00

0.00 126,358.70

0.00 0.00

0.00 75,833.56

0.00 0.00

0.00 79,483.70

0.00 0.00

0.00 91,711.96
126,358.70
75,833.56
79,483.70
91,711.96
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IFixgOcI92ditedfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 138

INCOME EARNED
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

UNITED STATES TREASURY

4.625 04/30/2031
30,000,000.00
05/30/2024
05/31/2024
7,500,000.00
AIINO
91282CKQ3

UNITED STATES TREASURY

4.375 05/15/2034
29,079,687.52

0.00 0.00
29,079,687.52
7,525,781.25

0.00 0.00
7,525,781.25
45,000,000.00
91282CLF6

UNITED STATES TREASURY

3.875 08/15/2034
22,500,000.00
45,019,335.94

0.00 0.00
45,019,335.94
91324PEJ7

UNITEDHEALTH GROUP INC

4.2 05/15/2032
4,500,000.00
91324PEV0

UNITEDHEALTH GROUP INC

4.5 04/15/2033
931142EY5
WALMART INC 4.15
09/09/2032
10,000,000.00
09/20/2022
09/22/2022
2,000,000.00
12,521,484.38
10,185,156.25

0.00 22,706,640.63
4,452,775.00

0.00 0.00
4,452,775.00
9,798,905.00

0.00 0.00
9,798,905.00
1,952,260.00

0.00 0.00
1,952,260.00
55,434.78

0.00 153,260.87
97,826.09
116,881.79

0.00 145,159.65
28,277.85
583,135.19

0.00 743,631.11
160,495.92
22,376.02
(35,801.63)
111,353.60
53,175.95

0.00 0.00

0.00 97,826.09

0.00 0.00

0.00 28,277.85

0.00 0.00

0.00 160,495.92

0.00 0.00

0.00 53,175.95
97,826.09
28,277.85
160,495.92
53,175.95
55,650.00

0.00 71,400.00
15,750.00

0.00 0.00

0.00 15,750.00
15,750.00
170,000.00

0.00 207,500.00
37,500.00
39,655.56
41,500.00
5,072.22
6,916.67
931142FD0
WALMART INC 4.1
04/15/2033
5,000,000.00
Total Fixed Income 1,166,095,314.69
4,945,725.00

0.00 0.00
4,945,725.00
1,139,276,274.69
12,774,081.25
(9,797,957.95)
1,142,252,397.99
77,444.44

0.00 94,527.78
17,083.33
10,250,953.97
4,725,616.36
10,323,055.24
4,797,717.63

0.00 0.00

0.00 37,500.00

0.00 0.00

0.00 6,916.67

0.00 0.00

0.00 17,083.33

0.00 0.00

0.00 4,797,717.63
37,500.00
6,916.67
17,083.33
4,797,717.63
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management I oln l 8effsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 139

INCOME EARNED
Client Name I Account #000001 As of September 30, 2024
CA%CHANDLER

TOTAL PORTFOLIO
1,168,514,288.66
1,141,144,020.92
27,328,305.52
(22,632,463.29)
1,144,671,371.96
10,250,953.97
4,744,335.41
10,323,055.24
4,816,436.68

0.00 0.00

0.00 4,816,436.68
4,816,436.68
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management IFixgOcI92igedfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 140

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
C'AtCHANDLER

ASSET MANAGEMENT
Payment Date
Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
OCTOBER 2024
10/01/2024
Dividend
665278404

0.00 12,483.59
12,483.59
10/01/2024
10/01/2024
10/01/2024
10/01/2024
Coupon
Coupon
Coupon
Coupon
341081GL5
6174468P7
797440BZ6
89236TGY5

0.00 FLORIDA POWER & LIGHT CO 5.104/01/2033

0.00 MORGAN STANLEY 3.622 04/01/2031

0.00 SAN DIEGO GAS & ELECTRIC CO 1.7 10/01/2030
TOYOTA MOTOR CREDIT CORP 3.375
04/01/2030

0.00 178,500.00
90,550.00
25,500.00
84,375.00
178,500.00
90,550.00
25,500.00
84,375.00
10/01/2024
10/02/2024
10/07/2024
Coupon
Coupon
10/08/2024
10/15/2024
Coupon
Coupon
Coupon
911312BY1
05565ECK9
822582CG5

0.00 3,000,000.00
5,000,000.00
UNITED PARCEL SERVICE INC 4.45 04/01/2030
BMW US CAPITAL LLC 5.15 04/02/2034
SHELL INTERNATIONAL FINANCE BV 2.75
04/06/2030
44, 500.00
77,250.00
68,750.00
44,500.00
77,250.00
68,750.00
3135G05Y5
5,000,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.75 10/08/2027
18,750.00
18,750.00
084664CW9
3, 000, 000.00 10/15/2030
BERKSHIRE HATHAWAY FINANCE CORP 1.45
21,750.00
21,750.00
10/15/2024
10/15/2024
Coupon 3128MJ2T6
Principal Paydown 3128MJ2T6
422,469.39 FH G08785 4.0 10/01/2047
422,469.39 FH G08785 4.0 10/01/2047
3,703.16
1,408.23
1,408.23
3,703.16
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/20/2024
10/21/2024
10/21/2024
10/21/2024
Coupon 3128NHXW8
Principal Paydown 3128NHXW8
Coupon 3128S4ME4
Principal Paydown 3128S4ME4
Coupon 756109BP8
Coupon 87612EBH8
Coupon 91324PEV0
Coupon 931142FD0
Coupon 36179MN71
Coupon 36179QB67
Principal Paydown 36179QB67
36225FF79
Coupon
68,938.48 FH 1J1593 6.639 04/01/2037
68,938.48 FH 1J1593 6.639 04/01/2037
14,778.93 FH 1Q0357 6.853 11/01/2037
14,778.93 FH 1Q0357 6.853 11/01/2037
3,000,000.00
3,000,000.00
10,000,000.00
5,000,000.00
26,273.89
13,156.61
13,156.61
100,371.77
REALTY INCOME CORP 5.6/5 10 203
TARGET CORP 3.375 04/15%
UNITEDHEALTH GROUP INC 4.

WALMART INC 4.104/15/2033
G2 MA0414 3.625 09/20/2042
G2 MA1861 4.875 04/20/2044
G2 MA1861 4.875 04/20/2044
G2 082889 3.625 07/20/2041
/15/ 033
417.87
6,797.79

79.45 70.94
317.89
84,375.00
50,625.00
225,000.00
102,500.00

79.37 53.45
303.21
417.87
6,797.79

79.45 70.94
84,375.00
50,625.00
225,000.00
102,500.00

79.37 53.45
317.89
303.21
10/21/2024
10/21/2024
10/21/2024
Principal Paydown
Coupon
Principal Paydown
36225FF79
36225FJE0
36225FJE0
100,371.77 G2 082889 3.625 07/20/2041
90,127.54 G2 082960 3.75 10/20/2041
90,127.54 G2 082960 3.75 10/20/2041
747.84
555.38
281.65
747.84
281.65
555.38
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Manageme, itrgW9130edfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 141

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
C'AtCHANDLER

ASSET MANAGEMENT
Payment Date
Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
10/21/2024
10/21/2024
10/21/2024
10/21/2024
10/22/2024
10/23/2024
Coupon
Principal Paydown
Coupon
Coupon
Coupon
10/25/2024
10/25/2024
Coupon
Coupon
Coupon
36225FJZ3
36225FJZ3
61747YFE0
713448FE3
46647PBL9
693475AW5
06051GLHO
06406RBM8
79,123.91 G2 082979 3.75 11/20/2041
79,123.91 G2 082979 3.75 11/20/2041
2,500,000.00 MORGAN STANLEY 5.25 04/21/2034
3,000,000.00 PEPSICO INC 1.95 10/21/2031
2,000,000.00 JPMORGAN CHASE & CO 2.522 04/22/2031
PNC FINANCIAL SERVICES GROUP INC 3.45
2,000,000.00
04/23/2029
2,500,000.00 BANK OF AMERICA CORP 5.288 04/25/2034
10,000,000.00 BANK OF NEW YORK MELLON CORP 5.834
10/25/2033
1,524.31
247.26
65,625.00
29,250.00
25,220.00
34, 500.00
247.26
1,524.31
65,625.00
29,250.00
25,220.00
34,500.00
66,100.00
66,100.00
291,700.00
291,700.00
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
3138WHCP5
3138WHCP5
3140J6GR2
3140J6GR2
3140JG6L4
433,951.92 FN AS7277 3.0 05/01/2031
433,951.92 FN AS7277 3.0 05/01/2031
321,890.28 FN BM2007 4.0 09/01/2048
321,890.28 FN BM2007 4.0 09/01/2048
384,621.55 FN BN0874 4.0 11/01/2048
8,083.23
2,758.98
1,084.88
1,072.97
1,282.07
1,084.88
8,083.23
1,072.97
2,758.98
1,282.07
10/25/2024
10/25/2024
10/25/2024
10/28/2024
10/28/2024
10/30/2024
10/31/2024
10/31/2024
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
Coupon
Coupon
Coupon
3140JG6L4
31418CNE0
31418CNE0
06051GKQ1
46647PDC7
09247XAP6
91282CJG7
91282CKN0
384,621.55
334,610.40
334,610.40
7,500,000.00
7,000,000.00
2,500,000.00
20,000,000.00
7,500,000.00
FN BN0874 4.0 11/01/2048
FN MA3088 4.0 08/01/2047
FN MA3088 4.0 08/01/2047
BANK OF AMERICA CORP 4.57104/27/2033
JPMORGAN CHASE & CO 4.586 04/26/2033
BLACKROCK INC 3.25 04/30/2029
UNITED STATES TREASURY 4.875 10/31/2030
UNITED STATES TREASURY 4.625 04/30/2031
3,284.86
2,950.43
1,115.37
171,412.50
160,510.00
40, 625.00
487,500.00
173,437.50
3,284.86
1,115.37
2,950.43
171,412.50
160,510.00
40,625.00
487,500.00
173,437.50
October 2024
Total
NOVEMBER 2024
11/01/2024
11/04/2024
11/04/2024
11/07/2024
Coupon
Coupon
Coupon
Coupon
665859AV6
665859AU8
78016EYH4
822582CD2
1,500,000.00 NORTHERN TRUST CORP 1.95 05/01/2030
1,500,000.00 NORTHERN TRUST CORP 3.15 05/03/2029
3,500,000.00 ROYAL BANK OF CANADA 2.3 11/03/2031
2,000,000.00 SHELL INTERNATIONAL FINANCE BV 2.375
11/07/2029
43, 278.41 2,625,730.78
14,625.00
23,625.00
40,250.00
23,750.00
2,669,009.19
14,625.00
23,625.00
40,250.00
23,750.00
11/12/2024
Coupon
023135BZ8
4,670,000.00 AMAZON.COM INC 2.105/12/2031
49,035.00
49,035.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management I q l dilefs1t1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 142

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description Principal Amount Income Total Amount 11/12/2024
11/12/2024
11/13/2024
11/13/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/18/2024
11/19/2024
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
037833EU0
037833EV8
191216DR8
857477BU6
20030NEE7
30303M8N5
Coupon 3128MJ2T6
Principal Paydown 3128MJ2T6
Coupon 3128NHXW8
Coupon 3128S4ME4
Principal Paydown 3128S4ME4
Coupon 9128286T2
Coupon 912828YS3
Coupon 912828ZQ6
Coupon 91282CAV3
Coupon 91282CCB5
Coupon 91282CEP2
Coupon 91282CFV8
Coupon 91282CHC8
Coupon 91282CJJ1
Coupon 91282CKQ3
Coupon 91324PEJ7
Coupon 58933YBK0
Coupon 716973AE2
11/20/2024 Coupon 36179MN71
11/20/2024 Principal Paydown 36179MN71
11/20/2024 Coupon 36179QB67
11/20/2024 Principal Paydown 36179QB67
11/20/2024 Coupon 36225FF79
11/20/2024 Principal Paydown 36225FF79
11/20/2024 Coupon 36225FJE0
2,000,000.00 APPLE INC 4.15 05/10/2030
2,500,000.00 APPLE INC 4.3 05/10/2033
5,000,000.00 COCA-COLA CO 5.0 05/13/2034
2,000,000.00 STATE STREET CORP 4.42105/13/2033
3,500,000.00 COMCAST CORP 4.8 05/15/2033
5,000,000.00 META PLATFORMS INC 4.95 05/15/2033
422,469.39 FH G08785 4.0 10/01/2047
422,469.39 FH G08785 4.0 10/01/2047
68,938.48 FH 1J1593 6.639 04/01/2037
14,778.93 FH 1Q0357 6.853 11/01/2037
14,778.93 FH 1Q0357 6.853 11/01/2037
5,000,000.00 UNITED STATES TREASURY 2.375 05/15/2029
10,000,000.00 UNITED STATES TREASURY 1.75 11/15/2029
5,000,000.00 UNITED STATES TREASURY 0.625 05/15/2030
5,000,000.00 UNITED STATES TREASURY 0.875 11/15/2030
2,500,000.00 UNITED STATES TREASURY 1.625 05/15/2031
25,000,000.00 UNITED STATES TREASURY 2.875 05/15/2032
35,000,000.00 UNITED STATES TREASURY 4.125 11/15/2032
40,000,000.00 UNITED STATES TREASURY 3.375 05/15/2033
25,000,000.00 UNITED STATES TREASURY 4.5 11/15/2033
45,000,000.00 UNITED STATES TREASURY 4.375 05/15/2034
4,500,000.00 UNITEDHEALTH GROUP INC 4.2 05/15/2032
5,000,000.00 MERCK & CO INC 4.5 05/17/2033
7,500,000.00 PFIZER INVESTMENT ENTERPRISES PTE LTD

4.75 05/19/2033
26,273.89 G2 MA0414 3.625 09/20/2042
26,273.89 G2 MA0414 3.625 09/20/2042
13,156.61 G2 MA1861 4.875 04/20/2044
13,156.61 G2 MA1861 4.875 04/20/2044
100,371.77 G2 082889 3.625 07/20/2041
100,371.77 G2 082889 3.625 07/20/2041
90,127.54 G2 082960 3.75 10/20/2041
3,676.08
318.16
391.29
283.32
705.65
41,500.00 41,500.00
53,750.00 53,750.00
125,000.00 125,000.00
44,210.00 44,210.00
84,000.00 84,000.00
123, 750.00 123, 750.00
1,395.89 1,395.89
3,676.08
381.40 381.40

84.40 84.40
318.16
59,375.00 59,375.00
87,500.00 87,500.00
15,625.00 15,625.00
21,875.00 21,875.00
20,312.50 20,312.50
359,375.00 359,375.00
721,875.00 721,875.00
675,000.00 675,000.00
562,500.00 562,500.00
984,375.00 984,375.00
94,500.00 94,500.00
112, 5 00.00 112, 5 00.00
178,125.00 178,12 5.00

78.41 78.41
391.29

52.16 52.16
283.32
300.95 300.95
705.65
279.91 279.91
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen itrg clgi3eolfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 143

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
C'AtCHANDLER

ASSET MANAGEMENT
Payment Date
Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
11/20/2024
11/20/2024
11/20/2024
11/20/2024
11/20/2024
11/20/2024
11/22/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
November 2024
Total
DECEMBER 2024
12/02/2024
12/02/2024
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
36225FJE0
36225FJZ3
36225FJZ3
747525BK8
747525B05
747525851
808513BA2
09247XAT8
3138WHCP5
3138WHCP5
3140J6GR2
3140J6GR2
3140JG6L4
3140JG6L4
31418CNE0
Principal Paydown 31418CNE0
Coupon
Coupon
023135CR5
25731VAA2
90,127.54
79,123.91
79,123.91
5,500,000.00
3,000,000.00
4,000,000.00
1,500,000.00
G2 082960 3.75 10/20/2041
G2 082979 3.75 11/20/2041
G2 082979 3.75 11/20/2041
QUALCOMM INC 2.15 05/20/2030
QUALCOMM INC 4.25 05/20/2032
QUALCOMM INC 5.4 05/20/2033
CHARLES SCHWAB CORP 3.25 05/22/2029
10,000,000.00 BLACKROCK INC 4.75 05/25/2033
433,951.92
433,951.92
321,890.28
321,890.28
384,621.55
384,621.55
334,610.40
FN AS7277 3.0 05/01/2031
FN AS7277 3.0 05/01/2031
FN BM2007 4.0 09/01/2048
FN BM2007 4.0 09/01/2048
FN BN0874 4.0 11/01/2048
FN BN0874 4.0 11/01/2048
FN MA3088 4.0 08/01/2047
334,610.40 FN MA3088 4.0 08/01/2047
6,000,000.00 AMAZON.COM INC 4.7 12/01/2032
4,000,000.00 DOMINION ENERGY SOUTH CAROLINA INC 2.3
12/01/2031
639.55
1,338.55
8,010.77
2,739.21
3,261.33
2,928.81
347.14
59,125.00
63,750.00
108,000.00
24,375.00
237,500.00
1,064.67
1,063.77
1,271.12
1,105.53
24,292.72 5,016,607.85
141,000.00
46,000.00
639.55
347.14
1,338.55
59,125.00
63,750.00
108,000.00
24,375.00
237,500.00
1,064.67
8,010.77
1,063.77
2,739.21
1,271.12
3,261.33
1,105.53
2,928.81
5,040,900.57
141,000.00
46,000.00
12/02/2024
Coupon
91282CES6
7,500,000.00 UNITED STATES TREASURY 2.75 05/31/2029
103,125.00
103,125.00
12/02/2024
12/02/2024
12/09/2024
12/09/2024
12/09/2024
12/10/2024
12/12/2024
12/16/2024
12/16/2024
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
91282CFY2
91282CHF1
3130AEB25
3130AGDY8
89115A2E1
3130AVWG3
24422EXU8
26444HAK7
3128MJ2T6
20,000,000.00
30,000,000.00
5,000,000.00
2,725,000.00
9,000,000.00
5,000,000.00
2,500,000.00
2,000,000.00
422,469.39
UNITED STATES TREASURY 3.875 11/30/2029
UNITED STATES TREASURY 3.75 05/31/2030
FEDERAL HOME LOAN BANKS 3.25 06/09/2028
FEDERAL HOME LOAN BANKS 2.75 06/08/2029
TORONTO -DOMINION BANK 4.456 06/08/2032
FEDERAL HOME LOAN BANKS 4.0 06/10/2033
JOHN DEERE CAPITAL CORP 5.05 06/12/2034
DUKE ENERGY FLORIDA LLC 2.412/15/2031
FH G08785 4.010/01/2047
387,500.00
562,500.00
81,250.00
37,468.75
200,520.00
100,000.00
63,475.69
24,000.00
1,383.63
387,500.00
562,500.00
81,250.00
37,468.75
200,520.00
100,000.00
63,475.69
24,000.00
1,383.63
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Manageme, . q{ ge�edfsint1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 144

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
12/16/2024
12/16/2024
12/16/2024
12/16/2024
12/16/2024
12/16/2024
12/16/2024
12/20/2024
12/20/2024
12/20/2024
12/20/2024
12/20/2024
12/20/2024
12/20/2024
12/20/2024
12/20/2024
12/20/2024
12/26/2024
12/26/2024
12/26/2024
12/26/2024
12/26/2024
12/26/2024
12/26/2024
12/26/2024
12/31/2024
December 2024
Total
JANUARY 2025
01/06/2025
Principal Paydown 3128MJ2T6
Coupon 3128NHXW8
Principal Paydown 3128NHXW8
Coupon 3128S4M E4
Principal Paydown 3128S4ME4
Coupon 437076BY7
Coupon 74340XCE9
Coupon 36179MN71
Principal Paydown 36179MN71
Coupon 36179QB67
Principal Paydown 36179QB67
Coupon 36225FF79
Principal Paydown 36225FF79
Coupon 36225FJE0
Principal Paydown 36225FJE0
Coupon 36225FJZ3
Principal Paydown 36225FJZ3
Coupon 3138WHCP5
Principal Paydown 3138WHCP5
Coupon 3140J6GR2
Principal Paydown 3140J6GR2
Coupon 3140JG6L4
Principal Paydown 3140JG6L4
Coupon 31418CNE0
Principal Paydown 31418CNE0
Coupon 91282CEV9
Coupon
89236TLM5
422,469.39
68,938.48
68,938.48
14,778.93
14,778.93
1,500,000.00
7,000,000.00
26,273.89
26,273.89
13,156.61
13,156.61
100,371.77
100,371.77
90,127.54
90,127.54
79,123.91
79,123.91
433,951.92
433,951.92
321,890.28
321,890.28
384,621.55
384,621.55
334,610.40
FH G08785 4.0 10/01/2047
FH 1J1593 6.639 04/01/2037
FH 1J1593 6.639 04/01/2037
FH 1Q0357 6.853 11/01/2037
FH 1Q0357 6.853 11/01/2037
HOME DEPOT INC 2.95 06/15/2029
PROLOGIS LP 4.7506/15/2033
G2 MA0414 3.625 09/20/2042
G2 MA0414 3.625 09/20/2042
G2 MA1861 4.875 04/20/2044
G2 MA1861 4.875 04/20/2044
G2 0828S9 3.625 07/20/2041
G2 082889 3.625 07/20/2041
G2 082960 3.75 10/20/2041
G2 082960 3.75 10/20/2041
G2 082979 3.75 11/20/2041
G2 082979 3.75 11/20/2041
FN AS7277 3.0 05/01/2031
FN AS7277 3.0 05/01/2031
FN BM2007 4.0 09/01/2048
FN BM2007 4.009/01/2048
FN BN0874 4.0 11/01/2048
FN BN0874 4.0 11/01/2048
FN MA3088 4.0 08/01/2047
334,610.40 FN MA3088 4.0 08/01/2047
30,000,000.00 UNITED STATES TREASURY 3.25 06/30/2029
4,000,000.00 TOYOTA MOTOR CREDIT CORP 4.8 01/05/2034
3,649.18 3,649.18
374.91 374.91
1,062.09 1,062.09

83.28 83.28
283.56 283.56
22,125.00 22,125.00
166, 250.00 166,250.00

77.23 77.23
366.44 366.44

51.01 51.01
261.49 261.49
298.82 298.82
679.87 679.87
277.91 277.91
615.29 615.29
341.15 341.15
1,742.75 1,742.75
1,044.64 1,044.64
7,938.86 7,938.86
1,054.64 1,054.64
2,719.57 2,719.57
1,260.25 1,260.25
3,237.96 3,237.96
1,095.77 1,095.77
2,907.34 2,907.34
487,500.00 487,500.00
25,464.40 2,430,057.68 2,455,522.08
96,000.00 96,000.00
01/10/2025
Coupon 02665WEZ0
8,500,000.00 AMERICAN HONDA FINANCE CORP 4.9
01/10/2034
208,250.00
208,250.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen q{:l 4edfit135 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 145

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description Principal Amount Income Total Amount 01/13/2025
01/15/2025
01/15/2025
Coupon
Coupon
Coupon
89236TKR5
20030N DMO
26442CBJ2
5,000,000.00 TOYOTA MOTOR CREDIT CORP 4.7 01/12/2033
1,000,000.00 COMCAST CORP 1.95 01/15/2031
DUKE ENERGY CAROLINAS LLC 4.95
5,000,000.00
01/15/2033
117,500.00
9,750.00
123,750.00
117,500.00
9,750.00
123,750.00
DUKE ENERGY CAROLINAS LLC 4.85
01/15/2025 Coupon 26442CBM5 3,000,000.00 01/15/2034
72,750.00 72,750.00
01/15/2025 Coupon 3128MJ2T6 422,469.39 FH G08785 4.0 10/01/2047 01/15/2025 Principal Paydown 3128MJ2T6 422,469.39 FH G08785 4.0 10/01/2047 01/15/2025 Coupon 3128NHXW8 68,938.48 FH 1J1593 6.639 04/01/2037 01/15/2025 Principal Paydown 3128NHXW8 68,938.48 FH 1J1593 6.639 04/01/2037 01/15/2025 Coupon 3128S4ME4 14,778.93 FH 1Q0357 6.853 11/01/2037 01/15/2025 Principal Paydown 312854ME4 14,778.93 FH 1Q0357 6.853 11/01/2037 01/15/2025 Coupon 637432PA7 7,000,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.8 01/15/2033
3,622.47
1,372.31
316.25
1,371.47 1,371.47
369.03

81.63 203,000.00
3,622.47
369.03
1,372.31

81.63 316.25
203,000.00
01/15/2025 Coupon 756109AX2 3,000,000.00 REALTY INCOME CORP 3.25 01/15/2031 01/15/2025 Coupon 79466LAH7 2,340,000.00 SALESFORCE INC 1.5 07/15/2028 01/15/2025 Coupon 87612EBQ8 7,000,000.00 TARGET CORP 4.4 01/15/2033 01/20/2025 Coupon 36179MN71 26,273.89 G2 MA0414 3.625 09/20/2042 01/20/2025 Principal Paydown 36179MN71 26,273.89 G2 MA0414 3.625 09/20/2042 01/20/2025 Coupon 36179QB67 13,156.61 G2 MA1861 4.875 04/20/2044 01/20/2025 Principal Paydown 36179QB67 13,156.61 G2 MA1861 4.875 04/20/2044 01/20/2025 Coupon 36225FF79 100,371.77 G2 082889 3.625 07/20/2041 01/20/2025 Principal Paydown 36225FF79 100,371.77 G2 082889 3.625 07/20/2041 01/20/2025 Coupon 36225FJE0 90,127.54 G2 082960 3.75 10/20/2041 01/20/2025 Principal Paydown 36225FJE0 90,127.54 G2 082960 3.75 10/20/2041 01/20/2025 Coupon 36225FJZ3 79,123.91 G2 082979 3.75 11/20/2041 01/20/2025 Principal Paydown 36225FJZ3 79,123.91 G2 082979 3.75 11/20/2041 01/21/2025 Coupon 24422EUY3 2,000,000.00 JOHN DEERE CAPITAL CORP 2.8 07/18/2029 01/21/2025 Coupon 61747YEU5 5,000,000.00 MORGAN STANLEY 4.889 07/20/2033 01/21/2025 Coupon 713448FM5 9,000,000.00 PEPSICO INC 3.9 07/18/2032 01/23/2025 Coupon 06051GHV4 5,000,000.00 BANK OF AMERICA CORP 3.194 07/23/2030 01/23/2025 Coupon 46647PAM8 2,000,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 331.09
231.54
641.10
578.77
1,540.71
48,750.00
17,550.00
154,000.00

76.12 49.94
296.76
275.99
333.35
28,000.00
122,225.00
175,500.00
79,850.00
35,090.00
48,750.00
17,550.00
154,000.00

76.12 331.09

49.94 231.54
296.76
641.10
275.99
578.77
333.35
1,540.71
28,000.00
122,225.00
175,500.00
79,850.00
35,090.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Manageme, . Oc 5edfit1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 146

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
01/27/2025
01/27/2025
01/27/2025
01/27/2025
01/27/2025
01/27/2025
01/27/2025
01/27/2025
01/31/2025
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
3138WHCP5
3138WHCP5
3140J6GR2
3140J6GR2
3140JG6L4
3140JG6L4
31418CNE0
31418CNE0
433,951.92
433,951.92
321,890.28
321,890.28
384,621.55
384,621.55
334,610.40
334,610.40
Coupon 29379VCF8
FN AS7277 3.0 05/01/2031
FN AS7277 3.0 05/01/2031
FN BM2007 4.0 09/01/2048
FN BM2007 4.0 09/01/2048
FN BN0874 4.0 11/01/2048
FN BN0874 4.0 11/01/2048
FN MA3088 4.0 08/01/2047
FN MA3088 4.0 08/01/2047
5,000,000.00 ENTERPRISE PRODUCTS OPERATING LLC 4.85
01/31/2034
7,867.49
2,700.06
3,214.74
2,886.02
1,024.80
1,045.58
1,249.46
1,086.08
1,024.80
7,867.49
1,045.58
2,700.06
1,249.46
3,214.74
1,086.08
2,886.02
121,250.00
121,250.00
01/31/2025
01/31/2025
January 2025 Total
FEBRUARY 2025
02/03/2025
02/03/2025
02/03/2025
02/03/2025
02/03/2025
02/04/2025
02/05/2025
02/05/2025
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
91282CGJ4
91282CHR5
0641594B9
06417XAP6
78016FZX5
828807DM6
91159HJK7
857477BV4
037833EH9
3135G05Q2
35,000,000.00 UNITED STATES TREASURY 3.5 01/31/2030
20,000,000.00 UNITED STATES TREASURY 4.0 07/31/2030
25,302.55
612,500.00
400,000.00
2,632,975.22
612,500.00
400,000.00
2,658,277.77
7,000,000.00 BANK OF NOVA SCOTIA 2.15 08/01/2031
5,000,000.00 BANK OF NOVA SCOTIA 4.85 02/01/2030
8,000,000.00 ROYAL BANK OF CANADA 5.0 02/01/2033
2,500,000.00 SIMON PROPERTY GROUP LP 2.2 02/01/2031
4,000,000.00 US BANCORP 4.653 02/01/2029
2,000,000.00 STATE STREET CORP 4.164 08/04/2033
2,000,000.00 APPLE INC 1.4 08/05/2028
5,000,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.875 08/05/2030
75,250.00
121,250.00
200,000.00
27,500.00
93,060.00
41,640.00
14,000.00
21,875.00
75,250.00
121,250.00
200,000.00
27,500.00
93,060.00
41,640.00
14,000.00
21,875.00
02/10/2025
02/11/2025
02/11/2025
02/17/2025
02/17/2025
02/17/2025
02/17/2025
02/18/2025
02/18/2025
Coupon
Coupon
Coupon
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
037833EP1
05565ECF0
404280DH9
3128NHXW8
3128NHXW8
3128S4ME4
312854ME4
20030NCA7
20030NEC1
3,500,000.00
8,000,000.00
2,500,000.00
68,938.48
68,938.48
14,778.93
14,778.93
2,000,000.00
5,000,000.00
APPLE INC 3.35 08/08/2032
BMW US CAPITAL LLC 5.15 08/11/2033
HSBC HOLDINGS PLC 5.402 08/11/2033
FH 1J1593 6.639 04/01/2037
FH 1J1593 6.639 04/01/2037
FH 1Q0357 6.853 11/01/2037
FH 1Q0357 6.853 11/01/2037
COMCAST CORP 3.15 02/15/2028
COMCAST CORP 4.65 02/15/2033
1,129.74
257.43
58, 625.00
206,000.00
67,525.00
361.44

79.82 31,500.00
116,250.00
58,625.00
206,000.00
67,525.00
361.44
1,129.74

79.82 257.43
31,500.00
116,250.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen F ily3tebfs1't1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 147

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description Principal Amount Income Total Amount 02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/18/2025
02/20/2025
02/20/2025
02/20/2025
02/20/2025
02/20/2025
02/20/2025
02/20/2025
02/20/2025
02/20/2025
02/20/2025
02/25/2025
02/25/2025
02/25/2025
02/25/2025
02/25/2025
02/25/2025
Coupon
Coupon
Principal Paydown
30231GBE1
3128MJ2T6
3128MJ2T6
3,000,000.00 EXXON MOBIL CORP 2.44 08/16/2029
422,469.39 FH G08785 4.0 10/01/2047
422,469.39 FH G08785 4.0 10/01/2047
Coupon 438516CK0 10,000,000.00 HONEYWELL INTERNATIONAL INC 5.0 02/15/2033
3,595.94
36,600.00
1,359.40
36,600.00
1,359.40
3,595.94
250,000.00 250,000.00
Coupon 717081FB4 2,000,000.00 PFIZER INC 1.75 08/18/2031 Coupon 9128286B1 5,000,000.00 UNITED STATES TREASURY 2.625 02/15/2029 Coupon 912828Z94 10,000,000.00 UNITED STATES TREASURY 1.5 02/15/2030 Coupon 91282CAE1 2,500,000.00 UNITED STATES TREASURY 0.625 08/15/2030 Coupon 91282CBL4 10,000,000.00 UNITED STATES TREASURY 1.125 02/15/2031 Coupon 91282CCS8 5,000,000.00 UNITED STATES TREASURY 1.25 08/15/2031 Coupon 91282CFF3 25,000,000.00 UNITED STATES TREASURY 2.75 08/15/2032 Coupon 91282CGM7 30,000,000.00 UNITED STATES TREASURY 3.5 02/15/2033 Coupon 91282CHT1 40,000,000.00 UNITED STATES TREASURY 3.875 08/15/2033 Coupon 91282CJZ5 30,000,000.00 UNITED STATES TREASURY 4.0 02/15/2034 Coupon 91282CLF6 22,500,000.00 UNITED STATES TREASURY 3.875 08/15/2034 Coupon 36179MN71 26,273.89 G2 MA0414 3.625 09/20/2042
Principal Paydown 36179MN71 26,273.89 G2 MA04143.625 09/20/2042 Coupon 36179QB67 13,156.61 G2 MA1861 4.875 04/20/2044
Principal Paydown 36179QB67 13,156.61 G2 MA1861 4.875 04/20/2044 Coupon 36225FF79 100,371.77 G2 082889 3.625 07/20/2041
Principal Paydown 36225FF79 100,371.77 G2 082889 3.625 07/20/2041 Coupon 36225FJE0 90,127.54 G2 082960 3.75 10/20/2041
Principal Paydown 36225FJE0 90,127.54 G2 082960 3.75 10/20/2041 Coupon 36225FJZ3 79,123.91 G2 082979 3.75 11/20/2041
Principal Paydown 36225FJZ3 79,123.91 G2 082979 3.75 11/20/2041 Coupon 3138WHCP5 433,951.92 FN AS7277 3.0 05/01/2031
Principal Paydown 3138WHCP5 433,951.92 FN AS7277 3.0 05/01/2031 Coupon 3140J6GR2 321,890.28 FN BM2007 4.0 09/01/2048
Principal Paydown 3140J6GR2 321,890.28 FN BM2007 4.0 09/01/2048 Coupon 3140JG6L4 384,621.55 FN BN0874 4.0 11/01/2048
Principal Paydown 3140JG6L4 384,621.55 FN BN0874 4.0 11/01/2048 343.21
240.29
658.07
594.80
1,594.06
7,796.67
2,680.68
3,191.68
17,500.00
65,625.00
75,000.00
7,812.50
56,250.00
31,250.00
343,750.00
525,000.00
775,000.00
600,000.00
435,937.50

75.12 49.00
294.83
274.18
326.46
1,005.13
1,036.57
1,238.74
17,500.00
65,625.00
75,000.00
7,812.50
56,250.00
31,250.00
343,750.00
525,000.00
775,000.00
600,000.00
435,937.50

75.12 343.21

49.00 240.29
294.83
658.07
274.18
594.80
326.46
1,594.06
1,005.13
7,796.67
1,036.57
2,680.68
1,238.74
3,191.68
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Ir'c1 gJ7eolit1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 148

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date
Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
02/25/2025
02/25/2025
02/26/2025
02/27/2025
02/28/2025
02/28/2025
February 2025
Total
Coupon
Principal Paydown
Coupon
Coupon
Coupon
Coupon
31418CNE0
31418CNE0
17275RBS0
532457CF3
91282CFJ5
91282CGQ8
MARCH 2025
03/03/2025
Coupon
009158BF2
334,610.40
334,610.40
8,000,000.00
7,000,000.00
30,000,000.00
35,000,000.00
I
FN MA3088 4.0 08/01/2047
FN MA3088 4.0 08/01/2047
CISCO SYSTEMS INC 4.95 02/26/2031
ELI LILLY AND CO 4.7 02/27/2033
UNITED STATES TREASURY 3.125 08/31/2029
UNITED STATES TREASURY 4.0 02/28/2030
8,500,000.00 AIR PRODUCTS AND CHEMICALS INC 4.8
03/03/2033
2,864.85
1,076.46
198,000.00
164,500.00
468,750.00
700,000.00
24, 947.41 5, 832, 62 7.15
204,000.00
1,076.46
2,864.85
198,000.00
164,500.00
468,750.00
700,000.00
5,857,574.57
204, 000.00
03/03/2025
03/03/2025
03/07/2025
03/10/2025
Coupon
Coupon
Coupon
Coupon
808513CA1
911312BZ8
58933YAX3
24422EXE4
3,000,000.00 CHARLES SCHWAB CORP 2.9 03/03/2032
5,000,000.00 UNITED PARCEL SERVICE INC 4.875 03/03/2033 3,000,000.00 MERCK & CO INC 3.4 03/07/2029
4,000,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2033
43,500.00
121,875.00
51,000.00
103,000.00
43,500.00
121,875.00
51,000.00
103,000.00
03/10/2025
03/10/2025
03/10/2025
03/10/2025
03/10/2025
03/11/2025
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
3130B0X87
57636QAX2
828807DU8
89114TZJ4
931142EY5
3130AV4X7
7,500,000.00 FEDERAL HOME LOAN BANKS 4.75 03/10/2034
3,000,000.00 MASTERCARD INC 4.85 03/09/2033
4,500,000.00 SIMON PROPERTY GROUP LP 5.5 03/08/2033
3,000,000.00 TORONTO -DOMINION BANK 2.0 09/10/2031
2,000,000.00 WALMART INC 4.15 09/09/2032
5,000,000.00 FEDERAL HOME LOAN BANKS 4.375
03/11/2033
178,125.00
72,750.00
123,750.00
30,000.00
41,500.00
109,375.00
178,125.00
72,750.00
123,750.00
30,000.00
41,500.00
109,375.00
03/13/2025
03/17/2025
Coupon
Coupon
404280BK4
084664DA6
2,500,000.00 HSBC HOLDINGS PLC 4.04103/13/2028
7,000,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.875
03/15/2032
50,512.50
100,625.00
50,512.50
100,625.00
03/17/2025
Coupon
12572QAK1
5,000,000.00 CME GROUP INC 2.65 03/15/2032
66,250.00
66,250.00
03/17/2025
03/17/2025
03/17/2025
03/17/2025
03/17/2025
03/17/2025
Coupon
Coupon
Coupon
Coupon
Principal Paydown
Coupon
171239AG1
171239AK2
24422 EW L9
3128MJ2T6
3128MJ2T6
3128NHXW8
3,000,000.00 CHUBB INA HOLDINGS LLC 1.375 09/15/2030
7,000,000.00 CHUBB INA HOLDINGS LLC 5.0 03/15/2034
4,000,000.00 JOHN DEERE CAPITAL CORP 4.35 09/15/2032
422,469.39 FH G08785 4.0 10/01/2047
422,469.39 FH G08785 4.0 10/01/2047
68,938.48 FH 1J1593 6.639 04/01/2037
3,569.59
20,625.00
175,000.00
87,000.00
1,347.41
355.19
20,625.00
175,000.00
87,000.00
1,347.41
3,569.59
355.19
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen it,gw9,38edfitt55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 149

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date
Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
03/17/2025
03/17/2025
03/17/2025
03/17/2025
Principal Paydown
Coupon
Principal Paydown
Coupon
3128NHXW8
312854ME4
312854ME4
40139LBE2
68,938.48
14,778.93
14,778.93
5,070,000.00
FH 1J1593 6.639 04/01/2037
FH 1Q0357 6.853 11/01/2037
FH 1Q0357 6.853 11/01/2037
GUARDIAN LIFE GLOBAL FUNDING 1.625
09/16/2028
1,399.28
320.44

78.34 41,193.75
1,399.28

78.34 320.44
41,193.75
03/17/2025
03/17/2025
03/17/2025
03/17/2025
03/17/2025
03/20/2025
03/20/2025
03/20/2025
03/20/2025
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Principal Paydown
Coupon
Principal Paydown
437076CS9
717081ET6
74340XCJ8
74456QCL8
756109BR4
36179MN71
36179MN71
36179QB67
36179QB67
7,500,000.00
1,50. 00.00
5,000,000.00
8,000,000.00
4,000,000.00
26,273.89
26,273.89
13,156.61
13,156.61
HOME DEPOT INC 4.5 09/15/2032
PFIZER INC 3.45 03/15/2029
PROLOGIS LP 5.0 03/15/2034
PUBLIC SERVICE ELECTRIC AND GAS CO 4.65
03/15/2033
REALTY INCOME CORP 4.85 03/15/2030
G2 MA0414 3.625 09/20/2042
G2 MA0414 3.625 09/20/2042
G2 MA1861 4.875 04/20/2044
G2 MA1861 4.875 04/20/2044
351.55
245.83
168,750.00
25,875.00
125,000.00
186,000.00
97,000.00

74.09 48.03
168,750.00
25,875.00
125,000.00
186,000.00
97,000.00

74.09 351.55

48.03 245.83
03/20/2025
03/20/2025
03/20/2025
03/20/2025
03/20/2025
03/20/2025
03/24/2025
03/25/2025
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
36225FF79
36225FF79
36225FJE0
36225FJE0
36225FJZ3
36225FJZ3
46647PBJ4
3138WHCP5
100,371.77
100,371.77
90,127.54
90,127.54
79,123.91
79,123.91
3,000,000.00
433,951.92
G2 082889 3.625 07/20/2041
G2 082889 3.625 07/20/2041
G2 082960 3.75 10/20/2041
G2 082960 3.75 10/20/2041
G2 082979 3.75 11/20/2041
G2 082979 3.75 11/20/2041
JPMORGAN CHASE & CO 4.493 03/24/2031
FN AS7277 3.0 05/01/2031
670.81
606.86
1,625.81
292.84
272.32
319.33
67,395.00
985.64
292.84
670.81
272.32
606.86
319.33
1,625.81
67,395.00
985.64
03/25/2025
03/25/2025
03/25/2025
03/25/2025
03/25/2025
03/25/2025
03/25/2025
03/28/2025
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
3138WHCP5
3140J6GR2
3140J6GR2
3140JG6L4
3140JG6L4
31418CNE0
31418CNE0
59217GFP9
433,951.92
321,890.28
321,890.28
384,621.55
384,621.55
334,610.40
334,610.40
5,000,000.00
FN AS7277 3.0 05/01/2031
FN BM2007 4.0 09/01/2048 V
FN BM2007 4.0 09/01/2048
FN BN0874 4.0 11/01/2048
FN BN0874 4.0 11/01/2048
FN MA3088 4.0 08/01/2047
FN MA3088 4.0 08/01/2047
METROPOLITAN LIFE GLOBAL FUNDING 15.15
03/28/2033
7,726.38
2,661.43
3,168.78
2,843.83
1,027.64
1,228.10
1,066.91
128,750.00
7,726.38
1,027.64
2,661.43
1,228.10
3,168.78
1,066.91
2,843.83
128,750.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemer. ittg clge3geolitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 150

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date
Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
03/31/2025
03/31/2025
03/31/2025
Coupon
Coupon
Coupon
91282CEE7
91282CGS4
91282CHZ7
3,000,000.00 UNITED STATES TREASURY 2.375 03/31/2029
35,000,000.00 UNITED STATES TREASURY 3.625 03/31/2030
20,000,000.00 UNITED STATES TREASURY 4.625 09/30/2030
35,625.00
634,375.00
462,500.00
35,625.00
634,375.00
462,500.00
March 2025 Total
APRIL 2025
04/01/2025
Coupon
341081GL5
7,000,000.00 FLORIDA POWER & LIGHT CO 5.104/01/2033
25,190.60 3,558,447.08
178,500.00
3,583,637.68
178,500.00
04/01/2025
04/01/2025
Coupon
Coupon
6174468P7
797440BZ6
5,000,000.00 MORGAN STANLEY 3.622 04/01/2031
3,000,000.00 SAN DIEGO GAS & ELECTRIC CO 1.7 10/01/2030 90,550.00
25,500.00
90,550.00
25,500.00
04/01/2025
Coupon
89236TGY5
5,000,000.00
TOYOTA MOTOR CREDIT CORP 3.375
04/01/2030
84,375.00
84,375.00
04/01/2025
04/02/2025
04/07/2025
Coupon
Coupon
Coupon
911312BY1
05565ECK9
822582CG5
2,000,000.00 UNITED PARCEL SERVICE INC 4.45 04/01/2030
3,000,000.00
5,000,000.00
BMW US CAPITAL LLC 5.15 04/02/2034
SHELL INTERNATIONAL FINANCE BV 2.75
04/06/2030
44,500.00
77,250.00
68,750.00
44,500.00
77,250.00
68,750.00
04/08/2025
Coupon
3135G05Y5
5,000,000.00

FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.75 10/08/2027
18,750.00
18,750.00
04/14/2025
04/15/2025
04/15/2025
04/15/2025
04/15/2025
04/15/2025
04/15/2025
04/15/2025
04/15/2025
Coupon
Coupon
756109BP8
084664CW9
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
3128MJ2T6
3128MJ2T6
3128NHXW8
3128NHXW8
312854ME4
312854ME4
87612EBH8
3,000,000.00
3,000,000.00
422,469.39
422,469.39
68,938.48
68,938.48
14,778.93
14,778.93
3,000,000.00
REALTY INCOME CORP 5.625 10/13/2032
BERKSHIRE HATHAWAY FINANCE CORP 1.45
10/15/2030
84,375.00
21,750.00
84,375.00
21,750.00
FH G08785 4.010/01/2047
FH G08785 4.0 10/01/2047
FH 1J1593 6.639 04/01/2037
FH 1J1593 6.639 04/01/2037
FH 1Q0357 6.853 11/01/2037
FH 1Q0357 6.853 11/01/2037
TARGET CORP 3.375 04/15/2029
3,543.43
1,255.12
285.21
1,335.51
347.45

76.50 50,625.00
1,335.51
3,543.43
347.45
1,255.12

76.50 285.21
50,625.00
04/15/2025
04/15/2025
04/21/2025
04/21/2025
04/21/2025
04/21/2025
Coupon
Coupon
Coupon
Principal Paydown
Coupon
Principal Paydown
91324PEV0
931142FD0
36179MN71
36179MN71
36179QB67
361790.B67
10,000,000.00 UNITEDHEALTH GROUP INC 4.5 04/15/2033
5,000,000.00 WALMART INC 4.104/15/2033
26,273.89 G2 MA0414 3.625 09/20/2042
26,273.89 G2 MA0414 3.625 09/20/2042
13,156.61 G2 MA1861 4.875 04/20/2044
13,156.61 G2 MA1861 4.875 04/20/2044
368.66
258.22
225,000.00
102,500.00

73.02 47.03
225,000.00
102,500.00

73.02 368.66

47.03 258.22
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemer: r rgWg40edfit1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 151

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
04/21/2025
04/21/2025
04/21/2025
04/21/2025
04/21/2025
04/21/2025
04/21/2025
04/21/2025
04/22/2025
04/23/2025
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
Coupon
Coupon
36225FF79
36225FF79
36225FJE0
36225FJE0
36225FJZ3
36225FJZ3
61747YFE0
713448FE3
46647PBL9
693475AW5
100,371.77
100,371.77
90,127.54
90,127.54
79,123.91
79,123.91
2,500,000.00
3,000,000.00
2,000,000.00
2,000,000.00
G2 082889 3.625 07/20/2041
G2 082889 3.625 07/20/2041
G2 082960 3.75 10/20/2041
G2 082960 3.75 10/20/2041
G2 082979 3.75 11/20/2041
G2 082979 3.75 11/20/2041
MORGAN STANLEY 5.25 04/21/2034
PEPSICO INC 1.95 10/21/2031
JPMORGAN CHASE & CO 2.522 04/22/2031
PNC FINANCIAL SERVICES GROUP INC 3.45
04/23/2029
694.42
629.16
1,701.86
290.81
270.43
312.06
65,625.00
29,250.00
25,220.00
34, 500.00
290.81
694.42
270.43
629.16
312.06
1,701.86
65,625.00
29,250.00
25,220.00
34,500.00
04/25/2025
04/25/2025
04/25/2025
Coupon
Coupon
Coupon
06051GLH0
06406RBM8
3138WHCP5
2,500,000.00
10,000,000.00
433,951.92
BANK OF AMERICA CORP 5.288 04/25/2034
BANK OF NEW YORK MELLON CORP 5.834
10/25/2033
66,100.00
291,700.0O
66,100.00
291,700.00
FN A57277 3.0 05/01/2031
966.32
966.32
04/25/2025
04/25/2025
04/25/2025
O4/25/2025
04/25/2025
04/25/2025
04/25/2025
04/28/2025
04/28/2025
04/30/2025
04/30/2025
04/30/2025
April 2025 Total
MAY 2025
05/01/2025
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
05/05/2025
05/05/2025
Coupon
Coupon
3138WHCP5
3140J6GR2
3140J6GR2
3140JG6L4
3140JG6L4
31418CNE0
31418CNE0
06051GKQ1
46647PDC7
09247XAP6
91282CJG7
91282CKN0
665859AV6
665859AU8
78016EYH4
433,951.92
321,890.28
321,890.28
384,621.55
384,621.55
334,610.40
FN AS7277 3.0 05/01/2031
FN BM2007 4.0 09/01/2048
FN BM2007 4.0 09/01/2048
FN BN0874 4.0 11/01/2048
FN BN0874 4.0 11/01/2048
FN MA3088 4.0 08/01/2047
334,610.40 FN MA3088 4.0 08/01/2047
7,500,000.00
7,000,000.00
2,500,000.00
20,000,000.00
7,500,000.00
BANK OF AMERICA CORP 4.571 04/27/2033
JPMORGAN CHASE & CO 4.586 04/26/2033
BLACKROCK INC 3.25 04/30/2029 '
UNITED STATES TREASURY 4.875 10/31/2030
UNITED STATES TREASURY 4.625 04/30/2031
1,500,000.00 NORTHERN TRUST CORP 1.95 05/01/2030
7,656.63
2,642.32
3,146.03
2,822.95
25,004.01
7,656.63
1,018.77 1,018.77
2,642.32
1,217.54 1,217.54
3,146.03
1,057.43 1,057.43
2,822.95
171,412.50 171,412.50
160, 510.00 160, 510.00
40,625.00 40,625.00
487,500.00 487,500.00
173,437.50 173,437.50
2,625,317.87 2,650,321.87
14,625.00 14,625.00
1,500,000.00 NORTHERN TRUST CORP 3.15 05/03/2029
3,500,000.00 ROYAL BANK OF CANADA 2.3 11/03/2031
23,625.00
40,250.00
23,625.00
40,250.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen F ily4dliedfsl't1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 152

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
C'AtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description Principal Amount Income Total Amount 05/07/2025 Coupon
822582CD2
SHELL INTERNATIONAL FINANCE BV 2.375
2,000,000.00
11/07/2029
23,750.00
23,750.00
05/12/2025 Coupon 023135BZ8
05/12/2025 Coupon 037833EU0
05/12/2025 Coupon 037833EV8
05/13/2025 Coupon 191216DR8
05/13/2025 Coupon 857477BU6
05/15/2025 Coupon 20030NEE7
05/15/2025 Coupon 30303M8N5
05/15/2025 Coupon 3128MJ2T6
05/15/2025 Principal Paydown 3128MJ2T6
05/15/2025 Coupon 3128NHXW8
05/15/2025 Principal Paydown 3128NHXW8
05/15/2025 Coupon 312854ME4
05/15/2025 Principal Paydown 3128S4ME4
05/15/2025 Coupon 9128286T2
05/15/2025 Coupon 912828Y53
05/15/2025 Coupon 912828ZQ6
05/15/2025 Coupon 91282CAV3
05/15/2025 Coupon 91282CCB5
05/15/2025 Coupon 91282CEP2
05/15/2025 Coupon 91282CFV8
05/15/2025 Coupon 91282CHC8
05/15/2025 Coupon 91282CJJ1
05/15/2025 Coupon 91282CKQ3
05/15/2025 Coupon 91324PEJ7
05/19/2025 Coupon 58933YBK0
05/19/2025
4,670,000.00 AMAZON.COM INC 2.105/12/2031
2,000,000.00 APPLE INC 4.15 05/10/2030
2,500,000.00 APPLE INC 4.3 05/10/2033
5,000,000.00 COCA-COLA CO 5.0 05/13/2034
2,000,000.00 STATE STREET CORP 4.42105/13/2033
3,500,000.00 COMCAST CORP 4.8 05/15/2033
5,000,000.00 META PLATFORMS INC 4.95 05/15/2033
422,469.39 FH G08785 4.0 10/01/2047
422,469.39 FH G08785 4.0 10/01/2047
68,938.48 FH 1J1593 6.639 04/01/2037
68,938.48 FH 1J1593 6.639 04/01/2037
14,778.93 FH 1Q0357 6.853 11/01/2037
14,778.93 FH 1Q0357 6.853 11/01/2037
5,000,000.00 UNITED STATES TREASURY 2.375 05/15/2029
10,000,000.00 UNITED STATES TREASURY 1.75 11/15/2029
5,000,000.00 UNITED STATES TREASURY 0.625 05/15/2030
5,000,000.00 UNITED STATES TREASURY 0.875 11/15/2030
2,500,000.00 UNITED STATES TREASURY 1.625 05/15/2031
25,000,000.00 UNITED STATES TREASURY 2.875 05/15/2032
35,000,000.00 UNITED STATES TREASURY 4.125 11/15/2032
40,000,000.00 UNITED STATES TREASURY 3.375 05/15/2033
25,000,000.00 UNITED STATES TREASURY 4.5 11/15/2033
45,000,000.00 UNITED STATES TREASURY 4.375 05/15/2034
4,500,000.00 UNITEDHEALTH GROUP INC 4.2 05/15/2032
5,000,000.00 MERCK & CO INC 4.5 05/17/2033
Coupon 716973AE2 7,500,000.00 PFIZER INVESTMENT ENTERPRISES PTE LTD

4.75 05/19/2033
3,517.45
1,227.73
277.71
49,035.00
41,500.00
53,750.00
125,000.00
44,210.00
84,000.00
123,750.00
1,323.70
340.50

74.86 59,375.00
87,500.00
15,625.00
21,875.00
20,312.50
359,375.00
721,875.00
675,000.00
562,500.00
984,375.00
94,500.00
112,500.00
178,125.00
49,035.00
41,500.00
53,750.00
125,000.00
44,210.00
84,000.00
123,750.00
1,323.70
3,517.45
340.50
1,227.73

74.86 277.71
59,375.00
87,500.00
15,625.00
21,875.00
20,312.50
359,375.00
721,875.00
675,000.00
562,500.00
984,375.00
94,500.00
112,500.00
178,125.00
05/20/2025 Coupon 36179MN71
05/20/2025 Principal Paydown 36179MN71
05/20/2025 Coupon 36179QB67
26,273.89 G2 MA0414 3.625 09/20/2042
26,273.89 G2 MA0414 3.625 09/20/2042
13,156.61 G2 MA1861 4.875 04/20/2044

71.91 71.91
352.67 352.67

49.88 49.88
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemer: r rgWgzi eufsit1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 153

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
05/20/2025
05/20/2025
05/20/2025
05/20/2025
05/20/2025
05/20/2025
05/20/2025
05/20/2025
05/20/2025
05/20/2025
05/22/2025
05/27/2025
05/27/2025
05/27/2025
05/27/2025
05/27/2025
05/27/2025
05/27/2025
05/27/2025
05/27/2025
May 2025 Total
JUNE 2025
06/02/2025
06/02/2025
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
06/02/2025
Coupon
361790667
36225FF79
36225FF79
36225FJE0
36225FJE0
36225FJZ3
36225FJZ3
747525BK8
747525605
747525651
808513BA2
09247XAT8
3138WHCP5
3138WHCP5
3140J6GR2
3140J6GR2
3140JG6L4
3140JG6L4
31418CNE0
31418CNE0
023135CR5
25731VAA2
91282CES6
13,156.61
100,371.77
100,371.77
90,127.54
90,127.54
79,123.91
79,123.91
5,500,000.00
3,000,000.00
4,000,000.00
1,500,000.00
10,000,000.00
433,951.92
433,951.92
321,890.28
321,890.28
384,621.55
384,621.55
334,610.40
334,610.40
G2 MA1861 4.875 04/20/2044
G2 082889 3.625 07/20/2041
G2 082889 3.625 07/20/2041
G2 082960 3.75 10/20/2041
G2 082960 3.75 10/20/2041
G2 082979 3.75 11/20/2041
G2 082979 3.75 11/20/2041
QUALCOMM INC 2.15 05/20/2030
QUALCOMM INC 4.25 05/20/2032
QUALCOMM INC 5.4 05/20/2033
CHARLES SCHWAB CORP 3.25 05/22/2029
BLACKROCK INC 4.75 05/25/2033
FN A57277 3.0 05/01/2031
FN AS7277 3.0 05/01/2031
FN BM2007 4.0 09/01/2048
FN BM2007 4.0 09/01/2048
FN BN0874 4.0 11/01/2048
FN BN0874 4.0 11/01/2048
FN MA3088 4.0 08/01/2047
FN MA3088 4.0 08/01/2047
6,000,000.00 AMAZON.COM INC 4.7 12/01/2032
4,000,000.00
DOMINION ENERGY SOUTH CAROLINA INC 2.3
12/01/2031
242.92
678.29
614.00
1,605.08
7,587.40
2,623.33
3,123.44
2,802.21
288.71
268.46
304.44
59,125.00
63,750.00
108,000.00
24, 375.00
237,500.00
947.18
1,009.96
1,207.05
1,048.02
24,652.22 5,016,117.19
141,000.00
46,000.00
242.92
288.71
678.29
268.46
614.00
304.44
1,605.08
59,125.00
63,750.00
108,000.00
24,375.00
237,500.00
947.18
7,587.40
1,009.96
2,623.33
1,207.05
3,123.44
1,048.02
2,802.21
5,040,769.41
141,000.00
46,000.00
7,500,000.00 UNITED STATES TREASURY 2.75 05/31/2029
103,125.00
103,125.00
06/02/2025
06/02/2025
06/09/2025
06/09/2025
06/09/2025
06/10/2025
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
91282CFY2
91282CHF1
3130AEB25
3130AGDY8
89115A2E1
3130AVWG3
20,000,000.00 UNITED STATES TREASURY 3.875 11/30/2029
30,000,000.00 UNITED STATES TREASURY 3.75 05/31/2030
5,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028
2,725,000.00 FEDERAL HOME LOAN BANKS 2.75 06/08/2029
9,000,000.00 TORONTO -DOMINION BANK 4.456 06/08/2032
5,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/10/2033
387,500.00
562,500.00
81,250.00
37,468.75
200,520.00
100,000.00
387,500.00
562,500.00
81,250.00
37,468.75
200,520.00
100,000.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Manageme, . r'dWg eolsint1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 154

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description Principal Amount Income Total Amount 06/12/2025 Coupon 24422EXU8
06/16/2025 Coupon 26444HAK7
06/16/2025 Coupon 3128MJ2T6
06/16/2025 Principal Paydown 3128MJ2T6
06/16/2025 Coupon 3128NHXW8
06/16/2025 Principal Paydown 3128NHXW8
06/16/2025 Coupon 312854ME4
06/16/2025 Principal Paydown 312854ME4
06/16/2025 Coupon 437076BY7
06/16/2025 Coupon 74340XCE9
06/20/2025 Coupon 36179MN71
06/20/2025 Principal Paydown 36179MN71
06/20/2025 Coupon 36179QB67
06/20/2025 Principal Paydown 36179QB67
06/20/2025 Coupon 36225FF79
06/20/2025 Principal Paydown 36225FF79
06/20/2025 Coupon 36225FJE0
06/20/2025 Principal Paydown 36225FJE0
06/20/2025 Coupon 36225FJZ3
06/20/2025 Principal Paydown 36225FJZ3
06/25/2025 Coupon 3138WHCP5
06/25/2025 Principal Paydown 3138WHCP5
06/25/2025 Coupon 3140J6GR2
06/25/2025 Principal Paydown 3140J6GR2
06/25/2025 Coupon 3140JG6L4
06/25/2025 Principal Paydown 3140JG6L4
06/25/2025 Coupon 31418CNE0
06/25/2025 Principal Paydown 31418CNE0
06/30/2025 Coupon 91282CEV9
2,500,000.00 JOHN DEERE CAPITAL CORP 5.05 06/12/2034
2,000,000.00 DUKE ENERGY FLORIDA LLC 2.4 12/15/2031
422,469.39 FH G08785 4.0 10/01/2047
422,469.39 FH G08785 4.0 10/01/2047
68,938.48 FH 1J1593 6.639 04/01/2037
68,938.48 FH 1J1593 6.639 04/01/2037
14,778.93 FH 1Q0357 6.853 11/01/2037
14,778 93 FH 1Q0357 6.853 11/01/2037
1,500,000.00 HOME DEPOT INC 2.95 06/15/2029
7,000,000.00 PROLOGIS LP 4.75 06/15/2033
26,273.89 G2 MA0414 3.625 09/20/2042
26,273.89 G2 MA0414 3.625 09/20/2042
13,156.61 G2 MA1861 4.875 04/20/2044
13,156.61 G2 MA1861 4.875 04/20/2044
100,371.77 G2 082889 3.625 07/20/2041
100,371.77 G2 082889 3.625 07/20/2041
90,127.54 G2 082960 3.75 10/20/2041
90,127.54 G2 082960 3.75 10/20/2041
79,123.91 G2 082979 3.75 11/20/2041
79,123.91 G2 082979 3.75 11/20/2041
433,951.92 FN AS7277 3.0 05/01/2031
433,951.92 FN AS7277 3.0 05/01/2031
321,890.28 FN BM2007 4.0 09/01/2048
321,890.28 FN BM2007 4.0 09/01/2048
384,621.55 FN BN0874 4.0 11/01/2048
384,621.55 FN BN0874 4.0 11/01/2048
334,610.40 FN MA3088 4.0 08/01/2047
334,610.40 FN MA3088 4.0 08/01/2047
30,000,000.00 UNITED STATES TREASURY 3.25 06/30/2029
3,491.64
1,263.02
282.96
330.77
221.50
654.57
591.66
1,480.43
7,518.70
2,604.48
3,101.00
2,781.62
63,125.00
24,000.00
1,311.97
310.50

73.27 22,125.00
166,250.00

70.85 48.81
286.66
266.54
297.26
928.21
1,001.22
1,196.64
1,038.68
487,500.00
63,125.00
24,000.00
1,311.97
3,491.64
310.50
1,263.02

73.27 282.96
22,125.00
166,250.00

70.85 330.77

48.81 221.50
286.66
654.57
266.54
591.66
297.26
1,480.43
928.21
7,518.70
1,001.22
2,604.48
1,196.64
3,101.00
1,038.68
2,781.62
487,500.00
June 2025 Total
JULY 2025
07/07/2025
Coupon
89236TLM5 4,000,000.00 TOYOTA MOTOR CREDIT CORP 4.8 01/05/2034 24,322.36
2,429,194.36 2,453,516.72
96,000.00 96,000.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen itrg igotedfitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 155

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
C'AtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description Principal Amount Income Total Amount 07/10/2025 Coupon
02665 W EZO
AMERICAN HONDA FINANCE CORP 4.9
8,500,000.00
01/10/2034
208,250.00
208,250.00
07/14/2025 Coupon
07/15/2025 Coupon
07/15/2025 Coupon
89236TKR5
20030 N DM0
26442CBJ2
5,000,000.00 TOYOTA MOTOR CREDIT CORP 4.7 01/12/2033
1,000,000.00 COMCAST CORP 1.95 01/15/2031
DUKE ENERGY CAROLINAS LLC 4.95
5,000,000.00
01/15/2033
117,500.00
9,750.00
123,750.00
117,500.00
9,750.00
123,750.00
07/15/2025
Coupon 26442CBM5 3,000,000.00 DUKE ENERGY CAROLINAS LLC 4.85 01/15/2034
72,750.00 72,750.00
07/15/2025 Coupon 3128MJ2T6 422,469.39 FH G08785 4.0 10/01/2047 07/15/2025 Principal Paydown 3128MJ2T6 422,469.39 FH G08785 4.0 10/01/2047 07/15/2025 Coupon 3128NHXW8 68,938.48 FH 1J1593 6.639 04/01/2037 07/15/2025 Principal Paydown 3128NHXW8 68,938.48 FH 1J1593 6.639 04/01/2037 07/15/2025 Coupon 312854ME4 14,778.93 FH 1Q0357 6.853 11/01/2037 07/15/2025 Principal Paydown 3128S4ME4 14,778.93 FH 1Q0357 6.853 11/01/2037 07/15/2025 Coupon 637432PA7 7,000,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.8 01/15/2033
3,466.02
1,278.07
285.40
1,300.33
304.00

71.64 203,000.00
1,300.33
3,466.02
304.00
1,278.07

71.64 285.40
203,000.00
07/15/2025 Coupon 756109AX2 3,000,000.00 REALTY INCOME CORP 3.25 01/15/2031 07/15/2025 Coupon 79466LAH7 2,340,000.00 SALESFORCE INC 1.5 07/15/2028 07/15/2025 Coupon 87612EBQ8 7,000,000.00 TARGET CORP 4.4 01/15/2033 07/18/2025 Coupon 24422EUY3 2,000,000.00 JOHN DEERE CAPITAL CORP 2.8 07/18/2029 07/18/2025 Coupon 713448FM5 9,000,000.00 PEPSICO INC 3.9 07/18/2032 07/21/2025 Coupon 36179MN71 26,273.89 G2 MA0414 3.625 09/20/2042 07/21/2025 Principal Paydown 36179MN71 26,273.89 G2 MA0414 3.625 09/20/10 07/21/2025 Coupon 36179QB67 13,156.61 G2 MA1861 4.875 04/20/204 07/21/2025 Principal Paydown 36179QB67 13,156.61 G2 MA1861 4.875 04/20/2044 07/21/2025 Coupon 36225FF79 100,371.77 G2 082889 3.625 07/20/2041 07/21/2025 Principal Paydown 36225FF79 100,371.77 G2 082889 3.625 07/20/2041 07/21/2025 Coupon 36225FJE0 90,127.54 G2 082960 3.75 10/20/2041 07/21/2025 Principal Paydown 36225FJE0 90,127.54 G2 082960 3.75 10/20/2041 07/21/2025 Coupon 36225FJZ3 79,123.91 G2 082979 3.75 11/20/2041 07/21/2025 Principal Paydown 36225FJZ3 79,123.91 G2 082979 3.75 11/20/2041 07/21/2025 Coupon 61747YEU5 5,000,000.00 MORGAN STANLEY 4.889 07/20/2033 310.36
204.86
584.84
570.58
1,366.14
48,750.00 48,750.00
17,550.00
154,000.00
28,000.00
175,500.00

69.85 47.84
413.30
264.69
290.64
122,225.00
17,550.00
154,000.00
28,000.00
175,500.00

69.85 310.36

47.84 204.86
413.30
584.84
264.69
570.58
290.64
1,366.14
122,225.00
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen r'dOig45effit1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 156

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
07/23/2025
07/23/2025
07/25/2025
07/25/2025
07/25/2025
07/25/2025
07/25/2025
07/25/2025
07/25/2025
07/25/2025
07/31/2025
Coupon
Coupon
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
06051GHV4
46647PAM8
3138WHCP5
3138WHCP5
3140J6GR2
3140J6GR2
3140JG6L4
3140JG6L4
31418CNE0
31418CNE0
29379VCF8
5,000,000.00
2,000,000.00
433,951.92
433,951.92
321,890.28
321,890.28
384,621.55
384, 621.55
BANK OF AMERICA CORP 3.194 07/23/2030
JPMORGAN CHASE & CO 3.509 01/23/2029
FN AS7277 3.0 05/01/2031
FN AS7277 3.0 05/01/2031
FN BM2007 4.0 09/01/2048
FN BM2007 4.0 09/01/2048
FN BN0874 4.0 11/01/2048
FN BN0874 4.0 11/01/2048
334,610.40 FN MA3088 4.0 08/01/2047
334,610.40 FN MA3088 4.0 08/01/2047
5,000,000.00 ENTERPRISE PRODUCTS OPERATING LLC 4.85
01/31/2034
7,450.53
2,585.75
3,078.71
2,761.17
79,850.00
35,090.00
909.41
992.53
1,186.31
1,029.41
121,250.00
79,850.00
35,090.00
909.41
7,450.53
992.53
2,585.75
1,186.31
3,078.71
1,029.41
2,761.17
121,250.00
07/31/2025
07/31/2025
July 2025 Total
AUGUST 2025
08/01/2025
Coupon
Coupon
Coupon
91282CGJ4
91282CHR5
064159469
35,000,000.00 UNITED STATES TREASURY 3.5 01/31/2030
20,000,000.00 UNITED STATES TREASURY 4.0 07/31/2030
7,000,000.00 BANK OF NOVA SCOTIA 2.15 08/01/2031
612,500.00
400,000.00
23,942.42 2,632,594.95
75,250.00
612,500.00
400,000.00
2,656,537.37
75,250.00
08/01/2025
Coupon 06417XAP6
5,000,000.00 BANK OF NOVA SCOTIA 4.85 02/01/2030
121,250.00
121,250.00
08/01/2025
Coupon 78016FZX5
8,000,000.00 ROYAL BANK OF CANADA 5.0 02/01/2033
200,000.00
200,000.00
08/01/2025
Coupon 828807DM6
2,500,000.00 SIMON PROPERTY GROUP LP 2.2 02/01/2031
27,500.00
27,500.00
08/01/2025
Coupon 91159HJK7
4,000,000.00 US BANCORP 4.653 02/01/2029
93,060.00
93,060.00
08/04/2025
08/05/2025
08/05/2025
Coupon
Coupon
Coupon
857477BV4
037833EH9
3135G05Q2
2,000,000.00
2,000,000.00
5,000,000.00
STATE STREET CORP 4.164 08/04/2033
APPLE INC 1.4 08/05/2028

FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.875 08/05/2030
41,640.00
14,000.00
21,875.00
41,640.00
14,000.00
21,875.00
08/08/2025
08/11/2025
08/11/2025
08/15/2025
08/15/2025
08/15/2025
Coupon
Coupon
Coupon
Coupon
Coupon
Coupon
037833EP1
05565ECF0
404280DH9
20030NCA7
20030NEC1
3128MJ2T6
3,500,000.00 APPLE INC 3.35 08/08/2032
8,000,000.00 BMW US CAPITAL LLC 5.15 08/11/2033
2,500,000.00 HSBC HOLDINGS PLC 5.402 08/11/2033
2,000,000.00
5,000,000.00
422,469.39
COMCAST CORP 3.15 02/15/2028
COMCAST CORP 4.65 02/15/2033
FH G08785 4.010/01/2047
58,625.00
206,000.00
67,525.00
31,500.00
116,250.00
1,288.78
58,625.00
206,000.00
67,525.00
31,500.00
116,250.00
1,288.78
08/15/2025
Principal Paydown 3128MJ2T6
422,469.39 FH G08785 4.010/01/2047
3,440.57
3,440.57
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen r'd igi4i7edfsint1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 157

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
CAtCHANDLER

ASSET MANAGEMENT
Payment Date Transaction Type CUSIP
Quantity Security Description Principal Amount Income Total Amount 08/15/2025 Coupon 3128NHXW8 68,938.48
08/15/2025 Principal Paydown 3128NHXW8 68,938.48
08/15/2025 Coupon 3128S4ME4 14,778.93
08/15/2025 Principal Paydown 3128S4ME4 14,778.93
08/15/2025 Coupon 438516CK0 10,000,000.00
FH 1J1593 6.639 04/01/2037
FH 1J1593 6.639 04/01/2037
FH 1O0357 6.853 11/01/2037
FH 1Q0357 6.853 11/01/2037
HONEYWELL INTERNATIONAL INC 5.0
02/15/2033
1,171.51
259.67
297.42

70.00 297.42
1,171.51

70.00 259.67
250,000.00 250,000.00
08/15/2025 Coupon 9128286B1 5,000,000.00 UNITED STATES TREASURY 2.625 02/15/2029 08/15/2025 Coupon 912828Z94 10,000,000.00 UNITED STATES TREASURY 1.5 02/15/2030 08/15/2025 Coupon 91282CAE1 2,500,000.00 UNITED STATES TREASURY 0.625 08/15/2030 08/15/2025 Coupon 91282CBL4 10,000,000.00 UNITED STATES TREASURY 1.125 02/15/2031 08/15/2025 Coupon 91282CCS8 5,000,000.00 UNITED STATES TREASURY 1.25 08/15/2031 08/15/2025 Coupon 91282CFF3 25,000,000.00 UNITED STATES TREASURY 2.75 08/15/2032 08/15/2025 Coupon 91282CGM7 30,000,000.00 UNITED STATES TREASURY 3.5 02/15/2033 08/15/2025 Coupon 91282CHT1 40,000,000.00 UNITED STATES TREASURY 3.875 08/15/2033 08/15/2025 Coupon 91282CJZ5 30,000,000.00 UNITED STATES TREASURY 4.0 02/15/2034 08/15/2025 Coupon 91282CLF6 22,500,000.00 UNITED STATES TREASURY 3.875 08/15/2034 08/18/2025 Coupon 30231GBE1 3,000,000.00 EXXON MOBIL CORP 2.44 08/16/2029 08/18/2025 Coupon 717081FB4 2,000,000.00 PFIZER INC 1.75 08/18/2031 08/20/2025 Coupon 36179MN71 26,273.89 G2 MA0414 3.625 09/20/2042 08/20/2025 Principal Paydown 36179MN71 26,273.89 G2 MA0414 3.625 09/20/2042 08/20/2025 Coupon 361790B67 13,156.61 G2 MA1861 4.875 04/20/2044 299.16
65,625.00
75,000.00
7,812.50
56,250.00
31, 250.00
343,750.00
525,000.00
775,000.00
600,000.00
435,937.50
36,600.00
17,500.00

68.91 46.93
65,625.00
75,000.00
7,812.50
56,250.00
31,250.00
343,750.00
525,000.00
775,000.00
600,000.00
435,937.50
36,600.00
17,500.00

68.91 299.16

46.93 08/20/2025 Principal Paydown 361790B67 13,156.61 G2 MA1861 4.875 04/20/2044 08/20/2025 Coupon 36225FF79 100,371.77 G2 082889 3.625 07/20/2041 .> 08/20/2025 Principal Paydown 36225FF79 100,371.77 G2 082889 3.625 07/20/2041 08/20/2025 Coupon 36225FJE0 90,127.54 G2 082960 3.75 10/20/2041 08/20/2025 Principal Paydown 36225FJE0 90,127.54 G2 082960 3.75 10/20/2041 08/20/2025 Coupon 36225FJZ3 79,123.91 G2 082979 3.75 11/20/2041 08/20/2025 Principal Paydown 36225FJZ3 79,123.91 G2 082979 3.75 11/20/2041 08/25/2025 Coupon 3138WHCP5 433,951.92 FN AS7277 3.0 05/01/2031 08/25/2025 Principal Paydown 3138WHCP5 433,951.92 FN AS7277 3.0 05/01/2031 08/25/2025 Coupon 3140J6GR2 321,890.28 FN BM2007 4.0 09/01/2048 08/25/2025 Principal Paydown 3140J6GR2 321,890.28 FN BM2007 4.0 09/01/2048 195.52
706.36
559.85
1,300.41
7,382.87
2,567.14
410.73
262.91
284.53
890.79
983.91
195.52
410.73
706.36
262.91
559.85
284.53
1,300.41
890.79
7,382.87
983.91
2,567.14
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management Iprg 4 eblfs. 11(55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 158

CASH FLOW REPORT
Client Name I Account #000001 As of September 30, 2024
C'AtCHANDLER

ASSET MANAGEMENT
Payment Date
Transaction Type CUSIP
Quantity Security Description
Principal Amount
Income
Total Amount
08/25/2025
08/25/2025
08/25/2025
08/25/2025
08/26/2025
08/27/2025
August 2025 Total
Grand Total
Coupon
Principal Paydown
Coupon
Principal Paydown
Coupon
Coupon
3140JG6L4
3140JG6L4
31418CNE0
31418CNE0
17275RBS0
532457CF3
384,621.55 FN BN0874 4.0 11/01/2048
384,621.55 FN BN0874 4.0 11/01/2048
334,610.40 FN MA3088 4.0 08/01/2047
334,610.40 FN MA3088 4.0 08/01/2047
8,000,000.00 CISCO SYSTEMS INC 4.95 02/26/2031
7,000,000.00 ELI LILLY AND CO 4.7 02/27/2033
2,116,831,710.80
3,056.57
2,740.86
23,680.49
290,077.58
1,176.04
1,020.20
198,000.00
164,500.00
4,663,501.17
39,463,171.31
1,176.04
3,056.57
1,020.20
2,740.86
198,000.00
164,500.00
4,687,181.66
39,753,248.89
Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Managemen r'dOig gedfit1c55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 159

IMPORTANT DISCLOSURES
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Chandler Asset Management, Inc. ("Chandler") is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com .

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross -of -advisory fees and represent the client's Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Ratings: Ratings information have been provided by Moody's, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage -backed securities ("MBS") reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody's and Fitch respectively.

Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management pct q4�edfsit1ce35 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 160

BENCHMARK INDEX & DISCLOSURES
Client Name I Account #00000 I As of September 30, 2024

C'MCHANDLER

ASSET MANAGEMENT
Benchmark Disclosure
DNU-ICE BofA 5-10 Year AAA -A US
Corporate & Government Index
The ICE BofA 5-10 AAA -A Year US Corporate & Government Index tracks the performance of US dollar denominated investment grade debt
publicly issued in the US domestic market, including US Treasury, US agency, foreign government, supranational, and corporate securities.

Qualifying securities must be rated AAA through A3 (based on an average of Moody's, S&P and Fitch). In addition, qualifying securities must
have at least five years remaining term to final maturity and less than ten years remaining term to final maturity, at least five years to final
maturity at point of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for US Treasuries and $250 million for
all other securities.

The ICE BofA US 1-5 Year AAA -A US Corporate & Government Index tracks the performance of US dollar denominated investment grade debt
publicly issued in the US domestic market, including US Treasury, US agency, foreign government, supranational, and corporate securities.

Qualifying securities must be issued from US issuers and be rated AAA through A3 (based on an average of Moody's, S&P and Fitch). In addition, qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final
maturity, at least 18 months to final maturity at point of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion
for US Treasuries and $250 million for all other securities.

The ICE BofA US 6 -Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month.

At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month -end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, six months from the rebalancing date.

Execution Time: 10/02/2024 02:25:09 PM
Chandler Asset Management liagOcIg5fjedfsitic55 I www.chandlerasset.com 1800.317.4747 CONFIDENTIAL 161

CHANDLER

ASSET MANAGEMENT

INVESTMENT REPORT
(Client Name) I As of September 30, 2024
CHANDLER ASSET MANAGEMENT I chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one yoLrpkb fg5 Noyrfutlifisl5ustodian. Please see Important Disclosures at the end of the statement.

TABLE OF CONTENTS
(Client Name) I Account #(0) I As of September 30, 2024

ECONOMIC UPDATE

ACCOUNT PROFILE

PORTFOLIO HOLDINGS

TRANSACTIONS

C'MCHANDLER

ASSET MANAGEMENT

Page 952 of 1155 ends

1 CM

CHANDLER

ASSET MANAGEMENT

ECONOMIC UPDATE

Page 953 of 1155 ends

ECONOMIC UPDATE

C'MCHANDLER

ASSET MANAGEMENT
• Recent economic data suggests positive but slower growth this year fueled by consumer spending. While the consumer has been resilient, declining savings rates, growing credit card debt, higher delinquencies, and a moderating labor market pose potential headwinds to future economic growth. Inflationary trends are subsiding, but core levels remain above the Fed's target. The labor market is showing signs of cooling, reflecting an improved balance between supply and demand for workers. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, we believe the economy will gradually soften and the Fed will continue to lower rates at a measured pace through this year with the ability to move more aggressively should the employment data warrant. • The Federal Open Market Committee (FOMC) delivered the first rate cut of the easing cycle with a 50 basis point cut at the September meeting. Although a reduction in the Fed Funds Rate was widely anticipated, the magnitude was somewhat of a surprise, as market participants were split between whether the FOMC would cut by 25 basis points or 50 basis points. Chair Jerome Powell reiterated previous statements acknowledging that monetary policy has shifted into a more balanced approach addressing price stability and full employment in tandem. The Fed released the quarterly Summary of Economic Projections (SEP) which now forecasts a substantially lower median Fed Funds Rate expectation among Fed Governors in 2025 due to lower inflation expectations and a higher projected unemployment rate. We believe the Fed will continue to lower rates at a measured pace through this year with the ability to move more aggressively should the employment data warrant.
• The US Treasury yield curve shifted lower in September following the 50 basis points rate cut by the FOMC mid -month. The 2 -year Treasury yield fell 28 basis points to 3.64%, the 5 -year Treasury dropped 15 basis points to 3.56%, and the 10 -year Treasury yield declined 12 basis points to 3.78%. The 2 -year and 10 -year Treasury yield points on the curve began to normalize to +14 basis points at September month -end versus -2 basis points at August month -end. The spread between the 2 -year Treasury and 10 -year Treasury yield one year ago was -47 basis points. The inversion between 3 -month and 10 -year Treasuries ended the month of September at -85 basis points.

Page 954 of 1155 ends

3 EMPLOYMENT
1,000
800
0 c 600
400
o
200
a
00 s 0
u
o -200
Nonfarm Payroll (000's)
Non -farm Payroll (000's)
— — -3-month average (000's)
-400
SPp Cdr sPp /j7ar Sop /J7ar SPp /�dr S0p �d, s%
(9 '>o �O �1 �1 c, � � �s �Q �Q
Source: US Department of Labor

25.0%

20.0%
715.0%
cc

10.0%

5.0%

0.0%
4 C'MCHANDLER

ASSET MANAGEMENT
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Sip. 4 sPp, �0,- .%p. �0,- SPp. �Q'r, SPp. 4 .S�p.
19 �� O �1 c)1 c)� �� , �s � c)Q
Source: US Department of Labor
The U.S. economy added 254,000 jobs in September, well above expectations of 150,000. The three-month moving average and six-month moving average payrolls continued to trend weaker to 186,000 and 167,000 respectively. The unemployment rate declined to 4.1% in September, and the labor participation rate remained at 62.7%, remaining below the pre -pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons declined to 7.7% from 7.9%. Average hourly earnings rose 4.0% year -over -year in September. U.S. labor market data from September surprised to the upside, with strong job growth and a sharper -than -expected drop in unemployment, suggesting the economy may be more resilient than anticipated. The Federal Reserve's view is that there has been "substantial" progress towards better balance in the labor market between demand and supply for workers.

Page 955 of 1155 ends

4 YOY (%) Change

INFLATION

10.0%

9.0%

8.0%

7.0%

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
so,o 4a,. f �a, sip �a,. spa �0, sPp
19 ?,0 �� 1 `31 �� c) c3s "3s
Source: US Department of Labor
`S
2ldr OA
,..),57 �Q
YOY (%) Change

10.0%

9.0%

8.0%

7.0%

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

C'MCHANDLER

ASSET MANAGEMENT
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
'4'6) '4'6)
-��0 �P6�1 i ' 6�� 4' Aso
'y' ' 6�s� 'ye -)57
IN)
Source: US Department of Commerce
In September, the Consumer Price Index (CPI) rose 0.2% month -over -month and 2.4% year -over -year, down from 2.5% in August, but slightly higher than expected. The Core CPI, which excludes volatile food and energy components, rose by 0.3% month -over -month and

3.3% year -over -year, also exceeding consensus forecasts. The Personal Consumption Expenditures (PCE) Index rose 0.1% from the previous month and 2.2% year -over -year in August. The Core PCE deflator (the Fed's preferred gauge) increased 0.1% month -over -month and 2.7% over the past year, still above the Fed's 2% inflation target. Much of the lingering inflation has been driven by shelter costs and demand for services, but recent data provide confirmation that inflation is moderating.

Page 956 of 1155 ends

5 FEDERAL RESERVE
10,000,000
9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0 Federal Reserve Balance Sheet Assets
• Recession

6.00%

5.00 4.00%
7 -a 3.00%

2.00 1.00%

0.00%
SP SP SP S� S' S' S' S' S P SP S�
so p0 p0 pl pl pj bZ pZ p� p� a�
St 6 8 O Q
Source: Federal Reserve

C'MCHANDLER

ASSET MANAGEMENT
Effective Federal Funds Rate
SP S� S� SP S� s' SP S� SP S� SP
,ao 0 0o a1 a1 a1 .a1 ,a1 ,a, a� a,
Q 5 8 O •1 Q 6 8 O A
Source: Bloomberg
The Federal Open Market Committee (FOMC) delivered the first rate cut of the easing cycle at the September meeting. Although a reduction in the Fed Funds Rate was widely anticipated, the magnitude was somewhat of a surprise, as market participants were split between whether the FOMC would cut by 25 basis points or 50 basis points. Chair Jerome Powell reiterated previous statements acknowledging that monetary policy has shifted into a more balanced approach addressing price stability and full employment in tandem.

The Fed released the quarterly Summary of Economic Projections (SEP) which now forecasts a substantially lower median Fed Funds Rate expectation among Fed Governors in 2025 to 3.1— 3.6%. The Fed continues to reduce its holdings of U.S. Treasury securities and agency mortgage -backed securities as per its predefined schedule of $25 billion and $35 billion per month. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $1.8T to approximately $7.1T.

Page 957 of 1155 ends

6 YOY (%) Change

CONSUMER

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0.0%
- 10.0%
- 20.0%
-30.0%
Retail Sales YOY % Change
■■■111 .■■11��1 IIII II ��II�I. �.■■� 1 .■
�1
S 47d.; S Pp. �d. sPp �c5.; SFa. ��r spa. 47 Ss
s(a.
l9 0, 'O �1 c)1 �� c),_) c)o' 1Q <)Q
160
140
120
100
v
ai 80
• 60
X
a
40 20

C'MCHANDLER

ASSET MANAGEMENT
Consumer Confidence
D s�b0 SPao sa1 51 SP,a1 s(p1 SPaZ S�p� sP,a� s�r'�
St 6 8 D c Q 6 8 O
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30(2/28/09) Retail Sales grew more than expected month -over -month in September at 0.4% after growth of 0.1% in August. On a year -over -year basis, Retail Sales grew 1.7% in September versus 2.2% in August. Control -group sales, which are used to calculate gross domestic product, rose

0.7% month -over -month in September after last month's increase of 0.3%. Apparel, grocery stores, and miscellaneous store retailers led the advance, while gas station sales fell reflecting lower gas prices. The Conference Board's Consumer Confidence Index for September came in below expectations, contracting to 98.7 after an upward revision to 105.6 in August. The decline reflects recent softening in labor market conditions, and less optimism about the job market and income growth. While the consumer has been resilient, declining savings rates, growing credit card debt, higher delinquencies, and a moderating labor market pose potential risks to future spending.

Page 958 of 1155 ends

7 a
oc
s
}
o
}

LEADING INDICATORS OF ECONOMIC ACTIVITY

15.0%

10.0%

5.0%

0.0%
-5.0%
-10.0%
- 15.0%
- 20.0%
-25.0%
Leading Economic Indicators (LEI)
3 Month Average
I
sP s' s' s' s' s' S S S s' S
p8 p8 p 9 610;9 p0 a0 p0 �'1 p1 p� �
St c? 6 O s! cQ 6 O Q

1.00 0.75

0.50 0.25

0.00 - 0.25
- 0.50
- 0.75
- 1.00
Source: The Conference Board
14'

C'MCHANDLER

ASSET MANAGEMENT
Chicago Fed National Activity Index (CFNAI)
SPA SPp
8Q 89
s Sop s' sPa
9) 96. 00 O�
Source: Federal Reserve Bank of Chicago
• Recession
SPp sPa sPp sop s'p
OcQ 1<> 6 O I'
The Conference Board's Leading Economic Index (LEI) remained in negative territory at -0.5% in September following a downwardly revised -0.3% in August. The LEI continued to signal uncertainty for economic activity ahead and is consistent with The Conference Board's expectation for moderate growth at the end of 2024 and into early 2025. The Chicago Fed National Activity Index (CFNAI) declined to -0.28 in September after a downwardly revised -0.01 in August. The three-month moving average fell to -0.19 in September from -0.14 in August, indicating below -trend growth expectations for the economy.

Page 959 of 1155 ends

8 In Thousands of Units

HOUSING
2,400
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0 C'MCHANDLER

ASSET MANAGEMENT
Annualized Housing Starts S&P/Case-Shiller 20 City Composite Home Price Index • Multi Family Housing Starts
• Single Family Housing Starts
sPa sPp sPp spa sPp s' sP� sPp sip sip
O O6 O� 1O 1� 1� 16 16' O c-)
Source: US Department of Commerce
YOY (%) Change

24.0%

20.0%

16.0%

12.0%

8.0%

4.0%

0.0%
-4.0%
-8.0%
-12.0%
-16.0%
-20.0%
Source: S&P
OQ O6 Oa, IO 'I.c> Ist I6 'I8 >O
Housing starts surprised to the downside in September, declining -0.5% month -over -month to 1.354 million units after an increase of 7.8% in August. The decline can be attributed to a drop in multi -family housing projects. Total starts were down 0.7% year -over -year. The Freddie Mac average rate for a 30 -year fixed mortgage dropped to 6.18% in September from 6.44% in August. According to the Case- Shiller 20 -City Home Price Index, housing prices rose 5.9% year -over -year in July, decelerating from 6.5% reported in the previous month.

Although the trend is gradually improving, tight inventories and higher mortgage rates continue to impact affordability.

Page 960 of 1155 ends

9 SURVEY BASED MEASURES
70 65
60 55
50 45
40 Institute of Supply Management (ISM) Surveys

C'MCHANDLER

ASSET MANAGEMENT
ISM Manufacturing ISM Services
"'I\ /NI \
•

EXPANDING
sP O� •✓�, s� o /1 ✓�, SP O� 47 ✓0, s'c, OP / ✓4, ss OP 47 ✓�, s� ,a1 1 c d,. �� D. C's °/" /1`.3 ac) cc> °I -,c) �� bc, c� d'� �� ,6 0, c,� [Dv
� a�
.9 9 �O D O O �1 1 1 1 �' �' Q A
Source: Institute for Supply Management
The Institute for Supply Management (ISM) Manufacturing index contracted at a slower rate of 47.2 in September compared to 47.5 in August. Demand remains subdued and companies are continuing to reduce head counts through layoffs, attrition and hiring freezes. The ISM Services Index increased to 54.9 in September, increasing from 51.7 in August, due to stronger production and new orders. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.

Page 961 of 1155 ends

10 GROSS DOMESTIC PRODUCT (GDP)
Personal Consumption Expenditures

1.7% 2.3% 1.3% 1.9%
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
State and Local (Consumption and Gross
Investment)

1.8% 0.2% 0.6% 1.5%
-0.1% 0.1% -0.6% -0.9%

0.3% 0.0% 0.0% 0.3%

0.6% 0.6% 0.3% 0.3%

40.0%

30.0%

20.0%

10.0%

0.0%
- 10.0%
- 20.0%
- 30.0%
- 40.0%
Total 4.4% 3.2% 1.6% 3.0%
Source: US Department of Commerce

C'MCHANDLER

ASSET MANAGEMENT
Gross Domestic Product (GDP)
GDP QOQ% Change
GDP YOY % Change
Ae., 6(:, ie, 6(:) '/e/
1 1,g 19 �O 2 '1
Source: US Department of Commerce
According to the third estimate, second quarter GDP increased at an annualized rate of 3.0%, unchanged from the prior estimate. Growth continues to be powered by personal consumption expenditures. Gross fixed investment, government consumption expenditures, and inventories also had positive contributions, with a negative offset by net exports. The consensus projection calls for 2.0% growth in the third quarter and 2.6% growth for the full year 2024.

Page 962 of 1155 ends

11 FEDERAL RESERVE
10,000,000
9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0 Federal Reserve Balance Sheet Assets
• Recession

6.00%

5.00 4.00%
7 -a 3.00%

2.00 1.00%

0.00%
SP SP SP S� S' S' S' S' S P SP S�
so p0 p0 pl pl pj bZ pZ p� p� a�
St 6 8 O Q
Source: Federal Reserve

C'MCHANDLER

Page 963 of 1155 ends

12 BOND YIELDS

6.0%

5.0%

2.0%

1.0%

0.0%
US Treasury Note Yields
• • • 2 -Year
5 Year
10 -Year
•
a••, •
J•
SPp

0.0%
Pp �
S � SPp 44 SNp �d sPp �d 2 sPp
Source: Bloomberg

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

C'MCHANDLER

ASSET MANAGEMENT
US Treasury Yield Curve
N
Sep -24
Jun -24
. . . Sep -23
Source: Bloomberg
At the end of September, the 2 -year Treasury yield was 140 basis points lower, and the 10 -Year Treasury yield was 79 basis points lower, year -over -year. The 2 -year and 10 -year Treasury yield points on the curve began to normalize to +14 basis points at September month -end versus -2 basis points at August month -end. The yield curve inversion which began in July 2022 was historically long. The average historical spread (since 2003) is about +110 basis points. The inversion between 3 -month and 10 -year Treasuries tightened to -85 basis points in September from -121 basis points in August.

Page 964 of 1155 ends

13 CAI

CHANDLER

ASSET MANAGEMENT

ACCOUNT PROFILE

Page 965 of 1155 ends

14 OBJECTIVES
(Client Name) I Account #(0) I As of September 30, 2024

CMCHANDLER

ASSET MANAGEMENT
Investment Objectives
The investment objectives of the (Client Name) are first, to provide safety of principal to ensure the preservation of capital in the overall portfolio; second, to maintain sufficient liquidity to meet all operating requirements; and third, to earn a commensurate rate of return consistent with the constraints imposed the safety and liquidity objectives.

Chandler Asset Management Performance Objective
The performance objective for the account is to achieve a rate of return over a market cycle that equals or exceeds the return on the ICE BofA 5-10 Year US Corp & Govt Rated AAA -A Index.

Strategy
In order to achieve this objective, the portfolio invests in high -quality fixed income securities.

Page 966 of 1155 ends

15 STATEMENT OF COMPLIANCE
(Client Name) I Account #(0) I As of September 30, 2024

CMCHANDLER

ASSET MANAGEMENT
Rules Name
Limit Actual
Compliance
Status
Notes
144A SECURITIES
Max % (MV)

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV; ABS, CMO, & MBS)

15.0 1.8

10.0 0.2
Compliant
Compliant
Max Maturity (WAL)

ASSET -BACKED SECURITIES (ABS)
Max % (MV; ABS, CMO & MBS)

10.0 10.0

0.0 0.2
Compliant
Compliant
Max Maturity (WAL)
Min Rating (AM by 2)

BANKERS' ACCEPTANCES
Max % (MV)
Max % (MV)
Max % Issuer (MV)
Max Maturity (Days)
Min Rating (A- by 2)

CANADIAN AGENCY SECURITIES
Max % (MV)

2.0 0.0 Compliant

0.0 0.0 Compliant
ON

25.0 0.0 Compliant

50.0 0.0 Compliant

5.0 0.0 Compliant
180 0.0

0.0 0.0
Compliant
Compliant

25.0 0.0 Compliant
Max % Issuer (MV)
Max Maturity (Years)

CANADIAN TREASURY BILLS
Max % (MV)

10.0 0.0 Compliant

25.0 0.0
Max Maturity (Years) 10.0 0.0

COLLATERALIZED TIME DEPOSITS (NON-

NEGOTIABLE CD/TD)
Max % (MV) 25.0 0.0 Compliant
Compliant
Compliant
Max % (MV)
Max % Issuer (MV)

50.0 0.0 Compliant

5.0 0.0 Compliant
Min Rating (A-1 by 2)

COMMERCIAL PAPER
Max % (MV)

0.0 0.0 Compliant

25.0 0.0 Compliant

Page 967 of 1155 ends

16 STATEMENT OF COMPLIANCE
(Client Name) I Account #(0) I As of September 30, 2024

CMCHANDLER

ASSET MANAGEMENT
Rules Name
Limit Actual
Compliance
Status
Notes
Max % (MV; Commercial Paper & Corporate)

50.0 39.3
Compliant
Max % Issuer (MV)

5.0 0.0
Compliant
Min Rating (A-2 by 2 & A- Issuer by 2)

CORPORATE MEDIUM TERM NOTES
Industry Concentration % (MV)

0.0 0.0

25.0 6.4
Compliant
Compliant
Max % (MV; Commercial Paper & Corporate)

50.0 393
Compliant
Max % Issuer (MV)

5.0 1.3
Compliant
Max Maturity (Years)
10 9
Compliant
Min Rating (A- by 2)

FEDERAL AGENCIES
Max % (MV)

0.0 0.0 Compliant

50.0 3.0 Compliant
Max % Issuer (MV)
Max Maturity (Years)

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV)

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV)

MONEY MARKET MUTUAL FUNDS
Max % (MV)
Min Rating (AAA by 1)

MORTGAGE -BACKED SECURITIES (NON -AGENCY)
Max % (MV)
Max % Issuer (MV)
Max Maturity (Years)
Min Rating (AA by 1)

MUNICIPAL SECURITIES
Max % (MV)
Max % Issuer (MV)
Max Maturity (Years)
10 9

75.0 0.0
100.0 0.0 Complian
100.0 0.2 Compliant

0.0 0.0 Compliant

20.0 0.0
Compliant

5.0 0.0
Compliant

0.0 0.0
Compliant

20.0 0.0 Compliant

5.0 0.0 Compliant

10.0 0.0 Compliant

Page 968 of 1155 ends

17 STATEMENT OF COMPLIANCE
(Client Name) I Account #(0) I As of September 30, 2024

CMCHANDLER

ASSET MANAGEMENT
Rules Name
Limit Actual
Compliance
Status
Notes
Min Rating (A- by 2)

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV)
Max % (MV)

0.0 50.0

0.0 0.0
Compliant
Compliant

25.0 0.0
Compliant
Max % Issuer (MV)

5.0 0.0 Compliant
Min Rating (A-1 by 2)

NON -US CORPORATE
Max % (MV; Non-U.S.)

REPURCHASE AGREEMENTS
Max % (MV)

SUPRANATIONAL OBLIGATIONS
Max % (MV)
Max % Issuer (MV)

0.0 25.0

50.0 25.0
1 10.0
Max Maturity (Years)
Min Rating (AA- by 2)
U.S. TREASURIES
Max % (MV)
Max Maturity (Years)
10 0.0

0.0 0.0
Compliant
Compliant
Compliant
Compliant
Compliant

0.0 0.0
100.0 57.4
Compliant
Compliant
Compliant
10 9
Compliant

Page 969 of 1155 ends

18 PORTFOLIO CHARACTERISTICS
(Client Name) I Account #(0) I As of September 30, 2024 Benchmark*
9/30/2024
Portfolio
6/30/2024
Portfolio
Average Maturity (yrs)

7.12 7.30

7.31 Average Modified Duration

6.13 6.08

6.08 Average Purchase Yield

4.14%

4.12%
Average Market Yield
Average Quality**

3.91%
AA

3.97% 4.67%

AA- AA -
Total Market Value
*Benchmark: DNU-ICE BofA 5-10 Year AAA -A US Corporate & Government Index **The credit quality is a weighted average calculation of the highest of S&P, Moody's and Fitch. 1,172,705,281 1,112,162,711
1710
<I(\

CMCHANDLER

ASSET MANAGEMENT

Page 970 of 1155 ends

19 SECTOR DISTRIBUTION
(Client Name) I Account #(0) I As of September 30, 2024 75%
50%
25%
0%
US Treasury Corporate
Sector as a Percentage of Market Value

C'MCHANDLER

ASSET MANAGEMENT
1/3 0/ •4 06/30/2024
*filik.

Agency
Money Mkt Fd Agency MBS
Sector 09/30/2024
06/30/2024
US Treasury
Corporate
Agency
Money Mkt Fd
Agency MBS

57.42%

57.94%

38.71%

3.00%

0.11%

0.20%

Page 971 of 1155 ends

20 ISSUERS
(Client Name) I Account #(0) I As of September 30, 2024 CAtCHANDLER

ASSET MANAGEMENT
Issuer Investment Type
% Portfolio
United States
US Treasury

57.42%
Federal Home Loan Banks
Agency

2.20%
Bank of America Corporation
Corporate

1.27%
UnitedHealth Group Incorporated
Corporate

1.25%
Toyota Motor Corporation
Corporate

1.20%
JPMorgan Chase & Co.

Corporate

1.19%
Deere & Company
Corporate 1.10%
BlackRock, Inc.

Corporate 1.09%
Morgan Stanley
Corporate 1.07%
QUALCOMM Incorporated
Corporate 1.06%
Prologis, Inc.

Corporate 1.05%
The Toronto -Dominion Bank
Corporate 0.99%
PepsiCo, Inc.

Comcast Corporation
Royal Bank of Canada
Bayerische Motoren Werke Aktiengesel
i0
Corporate
Corporate
Corporate
Corporate

0.99%

0.98%

0.97%
The Bank of Nova Scotia
BNY Mellon Corp
Pfizer Inc.

Honeywell International Inc.

Amazon.com, Inc.

Corporate 0.96%
Corporate 0.93%
Corporate
Corporate
Corporate

0.93%

0.90%

0.89%
Realty Income Corporation
Corporate 0.87%
Target Corporation
Corporate 0.86%
Duke Energy Corporation
Corporate 0.86%
Chubb Limited
Corporate 0.85%
Apple Inc.

The Home Depot, Inc.

Berkshire Hathaway Inc.

FNMA
Corporate
Corporate
Corporate
Agency

0.84%

0.78%

0.76%
Air Products and Chemicals, Inc.

Corporate 0.76%

Page 972 of 1155 ends

21 ISSUERS
(Client Name) I Account #(0) I As of September 30, 2024 CAtCHANDLER

ASSET MANAGEMENT
Issuer
Investment Type % Portfolio
Honda Motor Co., Ltd.

Corporate

0.74%
Cisco Systems, Inc.

Corporate

0.72%
Public Service Enterprise Group Inco
Corporate

0.70%
Merck & Co., Inc.

Corporate

0.69%
National Rural Utilities Cooperative
Corporate

0.65%
NextEra Energy, Inc.

Corporate

0.63%
United Parcel Service, Inc.

Corporate 0.62%
Eli Lilly and Company
Corporate 0.62%
Walmart Inc.

Corporate 0.61%
Simon Property Group, Inc.

Corporate 0.60%
Shell plc
Corporate 0.56%
The Coca-Cola Company
Corporate 0.45%
Meta Platforms, Inc.

Metropolitan Life Global Funding I
Enterprise Products Partners L.P.

HSBC Holdings plc
i0
Corporate
Corporate
Corporate
Corporate

0.45%

0.44%

0.44%
Guardian Life Global Funding
CME Group Inc.

The Charles Schwab Corporation
U.S. Bancorp
State Street Corporation
Corporate 0.40%
Corporate 0.39%
Corporate
Corporate
Corporate

0.36%

0.35%

0.34%
Dominion Energy, Inc.

Corporate 0.30%
Mastercard Incorporated
Corporate 0.27%
Exxon Mobil Corporation
Corporate 0.24%
Northern Trust Corporation
Corporate 0.24%
Sempra
Northern Trust Corporation
Salesforce, Inc.

The PNC Financial Services Group, In
Corporate
Money Mkt Fd
Corporate
Corporate

0.22%

0.21%

0.18%

0.17%
FNMA
Agency MBS 0.12%

Page 973 of 1155 ends

Beaumont City CouncilApril 7, 2026

Beaumont City Council
April 7, 2026