Attachment 1 — Burbank City Council, September 12, 2023

Dear City Council Members
Justin Hess, City Manager
Judie Wilke, Assistant City Manager
Jennifer Becker, Financial Services Director
Joe Lillio, CFO Burbank Water & Power
This report fulfills City, Youth Endowment Services Fund, Parking Authority, Public Financing Authority, Successor Agency to the Redevelopment Agency and Housing Authority resolutions.

CITY P

ORTFOLIO OVERVIEW
The
City must maintain $11 5 million in liquidity at all times (maturities within one year plus real estate taxes due from the County in April and December) to meet our projected budgeted expenditures. We currently have $210 million in liquidity, with $109 million in our account at the Morgan Stanley Instituti onal Liquidity Fund – Government Portfolio, $53 million in investments maturing within a year and $48 mil lion in real estate taxes due in April and December.

The C
ity Investment Pool ended June at $553 million, down from May’s balance of $562 million. Market value came in at 95.3% in June, slightly lower than 95.6% in
May. The weighted average yield of the portfolio at the end of the month is 3.13% and the total rate of return fiscal year-to-d ate is 2.61%.

MARKET OUTLOOK
After pausing in June, the Federal Reserve again raised its benchmark rate another 25 bps in July. Despite the fact that interest rates are now at their highest level in
22 years, economists are now estimating a lower likelihood of a recession in the next year. An improved outlook has increased hopes for a soft landing.

The most recent CPI inflation numbers came in at 3% for June, the lowest it’s been in 2 years. The core Personal Consumption Expenditures price index, which the Fed uses as its b enchmark for its 2% inflation target, also came in lower at 4.1%. GDP, adjusted for inflation, grew at an annualized 2.4% in t he second quarter,
beating estimates and up from the 2% in t he first quarter. Consumer spending has reaccelerated in June compared to the previous month. The unempl
oyment rate at 3.6% remains at historic lows. Consumer sentiment rose 11% in July, r eaching the highest level since October 2021.

CITY OF BURBANK – OFFICE OF THE CITY TREASURER
275 East Olive Avenue, P
O Box 7145, Burbank, CA 91510-7145
(818)238 -5880
City of Burbank Investment Portfolio Report
for June 2023
Dated August 1, 2023
ATTACHMENT 1
With the Fed’s dual mandate of price stability and maximum employment, the questions remains whether the Fed will deem it necessary to continue to raise rates in the next few months, given the positive indicators in the economy. Although wage growth at 4.5% annualized in June has slowed down, it is now higher than inflation, leaving workers better off overall, but could potentially continue to fuel demand and reignite price increases. However, the labor force does continue to grow, as certain demographic groups have returned to work, and as immigration increases with the easing of restrictions and processing of backlogs. The foreign-born labor force, for example, has accounted for 1 in 3 potential workers added since the lows of the pandemic. On the other hand, an aging US population means that more people will continue to retire in the next several years. Certain sectors in the economy are still not seeing the return of its workers. Higher wage growth in the private sector, for instance, has made it more difficult to hire employees in the public sector, particularly in state and local governments where employment is still below pre-pandemic levels. However, the labor market has shown signs of easing as job openings have now declined to

9.6 million in June, the lowest in over two years. While a soft landing is certainly a possibility, it is still too early to call it a victory for the Fed. Historical precedent has shown how difficult it is to avoid a recession with the increase in interest rates we have seen in the past couple of years. We continue to closely monitor the situation and maintain ample liquidity levels while also locking in yields in this current elevated rate environment.

Krystle Ang Palmer
City Treasurer
CC: Konstantine Anthony, Council Member/Liaison to Treasurer’s Office Zizette Mullins, Council Member/Liaison to Treasurer’s Office Darin Guggenheimer, Treasurer’s Oversight Review Committee Member Norelyn Kurasz, Treasurer’s Oversight Review Committee Member Richard Martin, Treasurer’s Oversight Review Committee Member Scott Rife, Treasurer’s Oversight Review Committee Member David Escobar, Treasurer’s Oversight Review Committee Member

Asset Category | Policy Maximum
Face Amount/Shares
Market Value
Book Value
% of Portfolio MV
YTM @ Cost
Days To Maturity
39,690,000 38,579,251 39,690,000 6.97

4.08 976
91,986,000 86,888,982 91,802,900 15.71

2.31 729
108,724,125 108,724,126 108,724,126 19.65

5.01 1
68,645,000 63,169,275 66,421,591 11.42 2.98 1,115
24,000,000 21,919,860 23,864,484 3.96

1.74 1,055
221,200,000 205,637,993 220,674,871 37.17

3.48 782
Total / Average
584,245,125 553,192,356 580,320,409
100.00

3.13 836

INVESTMENT POLICY COMPLIANCE
I certify that the City's Investment Portfolio is in full compliance with the City's Investment Policy and California Government Code Section 53601, and I believe the Investment Pool contains sufficient cash flow from liquid and maturing securities, bank deposits, and income to meet the City's expenditure requirement for the next six months.

CITY OF BURBANK

OFFICE OF THE CITY TREASURER
Investment Report | June 2023
Date
Krystle Ang Palmer, City Treasurer
LAIF | Successor Agency
LAIF | Housing Authority
8,432,000
600,000
Total
8,304,074 8,432,000
590,897 600,000
08/01/23
593,277,125 562,087,327 589,352,409
Asset Category Allocation
Asset Category | Policy Maximum
Market Value
5/31/2023
% of Portfolio
5/31/2023
Market Value
6/30/2023
% of Portfolio
6/30/2023
35,296,763

6.28 38,579,251

6.97 91,152,122

16.21 86,888,982

15.71 109,279,451

19.43 108,724,125

19.65 62,324,239

11.08 63,169,275

11.42 21,946,950

3.90 21,919,860

3.96 210,822,858

37.49 205,637,993

5.60 28,272,870

5.11 Total / Average
562,336,873
100.00
553,192,356
100.00
Portfolio Holdings as of 5/31/2023
Portfolio Holdings as of 6/30/2023
Begin Date: 5/31/2023, End Date: 6/30/2023
Monthly Treasurer's Report
Distribution by Asset Category - Market Value
City of Burbank

Maturity Range Allocation
Maturity Range
Market Value
5/31/2023
% of Portfolio
5/31/2023
Market Value
6/30/2023
% of Portfolio
6/30/2023
0-1 Month
121,976,022

21.69 108,968,868

19.70 1-3 Months
5,358,561

0.95 8,338,386

1.51 3-6 Months
9,381,231

1.67 10,899,239

1.97 6-9 Months
15,803,610

2.81 13,538,272

2.45 9-12 Months
13,013,449

2.31 20,472,806

3.70 1-2 Years
69,492,065

12.36 68,841,653

12.44 2-3 Years
89,344,126

15.89 87,704,075

15.85 3-4 Years
192,326,363

34.20 188,678,697

34.11 4-5 Years
45,641,446

8.12 45,750,360

8.27 Total / Average
562,336,873
100.00
553,192,356
100.00
Portfolio Holdings
Begin Date: 5/31/2023, End Date: 6/30/2023
Monthly Treasurer's Report
Distribution by Maturity Range - Market Value
City of Burbank

123,535 620,995 3 87,274
11,804 205,442 577,595
175,039 2,749,482 2,913,299
Money Market Fund | 20 % 444,675 3,166,125 0 110,922 1,484,769 1,097,216
28,758 323,209 120,654
426,200 3,657,112 1 ,412,101
44,956 470,403 189,451
1,365,889
YTM@Cost 3.13% TRR@BV 2.59% TRR@ BV 1.39%
CD | Negotiable | 30 %
Income Summary
Begin Date: 5/31/2023, End Date: 6/30/2023
City of Burbank
Monthly Treasurer's Report
Supranational Obligations | 15 %
Asset Category Allocation
Asset Category | Policy Maximum June 2023 | MTD June 2023 | Fiscal YTD US Agency | 90 %
Medium Term Note | 30 %
Municipal Bonds | 30 %
LAIF Per Account | 75M
June 2022 | Fiscal YTD
12,677,536 6
,697,592
US Treasury | No Limit
The chart to the left shows relevant rates (Money
Market Fund, the 12-month moving average of the
2-year treasury, and portfolio current yield) as of
June 30, 2023, as well as current treasury yields and
those from a year ago.

KEY
City of Burbank
Credit Ratings | Medium Term Notes
End Date: 06/30/23 Monthly Treasurer's Report
"Watch" implies an imminent but not inevitable action.
+ | Positive Watch - | Negative Watch
"Outlook" implies entity is being monitored.

Neg | Negative Outlook
Issuer Moody's S & P
3,050,000 08/08/2023 Aaa AAA
1,850,000 08/16/2023 A1 A
3,000,000 10/01/2023 Aaa AAA
2,000,000 01/08/2024 A1 A+
2,000,000 03/07/2024 A2 A
3,000,000 01/22/2024 A1 A-
1,270,000 02/15/2024 A2 A
3,000,000 04/01/2024 A2 A
3,000,000 05/15/2024 A1 A
3,000,000 07/08/2024 Aa2 AA
3,000,000 08/30/2024 A2
2,000,000 08/15/2024 A2 A
1,036,000 09/06/2024 A1 A+
2,000,000 12/01/2024 A+
3,000,000 01/23/2025 A-
A1
A1
Face Amount/Shares Maturity Date
3,000,000 02/01/2025 A+
4,883,000 03/03/2025 A+
A2
Aa3
1,000,000 03/13/2025 A
2,000,000 03/22/2025 A+
A2
A1
2,000,000 03/25/2025 A2 A
3,000,000 08/18/2025 A1 A
3 ,674,000 05/20/2025 A2 A
(Neg) (Neg)
Microsoft Corp
Bank
of NY Mellon Corp
Pres & Fellows of Harvard
Toyota Motor Credit
Bank of America Corp
Hom
e Depot
John Deere Capital Corp
Suntrust Bank
Bank of NY Mellon Corp
Walmart Inc
Honeywell International
Walt
Disney Company
Coca-Cola Co
Estee Lauder Co Inc
JP Morgan Chase & Co
Adobe Inc
Mastercard Inc
John Deere Capital Corp
Unilever Capital Corp
Intel Corp
Qualcomm Inc
State Street Corp
New York Life Global
Mass Institute of Tech

Mars Inc
Massmutual Global Funding
BMW US Capital
Pricoa Global Funding
Met Tower Global Funding
Caterpillar Financial Services
3,000,000 07/16/2026 Aa3 AA+
3,000,000 01/15/2026 Aaa AA+
1 ,995,000 0 7/16/2026 A1 A+
3,000,000 08/12/2026
A
a3 AA-
1 ,228,000 09 /14/2026 Aa3 AA-
3,000,000 0
7/01/2026 Aaa AAA
A
2 A
3,000,000 01/08/2027 A2 A
3,000,000 09/01/2026
2 ,000,000 01/11/2027 Aa a AA+
3,000,000 01/15/2027 A2 A
2 ,000,000 01/11/2027 Aa 3 AA-
2,000,000 01/14/2027 Aa3 AA-
3,000,000 0 3/15/2027 Aa2 AA
3 ,000,000 0 6/03/2027 A1 AA
Met Life Global
Northwest Mutual Global
Nestle Holdings
Target Corp
Berkshire Hathaway
Amazon
(Neg)
A-

Issuer Face Amount/Shares Moody's S & P
KEY
Credit Ratings | Municipal Bonds
End Date: 06/30/23Monthly Treasurer's Report
Maturity Date
City of Burbank
"Watch" implies an imminent but not inevitable action.
+ | Positive Watch - | Negative Watch
"Outlook" implies entity is being monitored.

Neg | Negative Outlook Pos | Positive Outlook
3,000,000 Aaa10/01/2023
A1450,000 01/01/2024
Aaa800,000 05/15/2024
Aa2
1,235,000 08/01/2024 NR AA-
1,000,000 10/01/2024 NR AA-
2,135,000 05/15/2024
Aa3
AAA
A+
AAA
NR
3,000,000 06/01/2025 AAA AAA
600,000 06/01/2024
06/01/2025 Aa3 AA-
AA-
1,000,000
Texas State
San Francisco CA
Connecticut Housing
Long Beach
State of California
Poway Unif SD
South Gate Utility Authority
Ca State Health Facilities
Florida State Board Pub Edu
CA Infrastructure & Econ Dev
Oakland California Pension
500,000 10/01/2025 NR AAA
1,430,000 12/15/2025 Aa1 AA
1,100,000 05/01/2026 Aa1 AAA
750,000 03/15/2026 NR AA+New York State Dormitory Authority NY Housing Development
NYC Transitional Finance Authority
Univ of California Revenues
Beverly Hills Public Financing Authority
CA State Health Facilities
Maryland State
Burbank Unified School District
Hawaii State
San Francisco Redev Agency
1,800,000 06/01/2026 NR AA+
1,900,000 05/15/2026 Aa2 AA
3,000,000 08/0 1/2026 NR AA
1,000,000 06/01/2026 Aa3 AA-
3,000,000 06/01/2026 Aaa AAA
3,000,000 08/01/2026 Aa2 AA+
770,000 05/01/2026 Aa2 AA+
620,000 08/01/2026 Aa2 NR
Santa Monica-Malibu Unified
Massachusetts School Building Authority
Tennessee State School Bond Authority
CA State University Revenue
Utah State Transit Authority
New York State
1,8 00,000 08/15/2026 Aa2 AA+
810
,000 08/0 1/2026 Aa1 AA+
3,000,000 02/15 /2027 Aa1 AA+
3,000,000 09/15/2026 Aa1 AA+
1,85
5,000 12/15 /2026 Aa2 AA+
1,040,000 11/01/2026 Aa2 AA-
2 ,365,000 03/15/2027 NR AA+
2,0
00 ,000 03/15 /2027 Aa1 NR
1,125,000 03/15 /2027 Aa1 NR
NY Urban Development
NY Urban Development
NY Dormitory Authority

Issuer Face Amount/Shares Moody's S & P
KEY
Maturity Date
"Watch" implies an imminent but not inevitable action.
+ | Positive Watch - | Negative Watch
"Outlook" implies entity is being monitored.

Neg | Negative Outlook Pos | Positive Outlook
750,000 04/01/2027 Aa2 AAA
895,000 04/01/2027 NR AA+
3,000,000 05/15/2027 Aa2 AA
Aa1 AA+ 1,525,000 05/01/2027
1,255,000 06/01/2027 Aa3 AA-
815,000 04/27/2027 Aa3 AA
2,000,000 07/15/2027 Aa1 NR
2,520,000 08/01/2027 Aa2 NR
Bay Area Toll Authority
Oregon State Lottery Revenue
West Hollywood CA Lease Revenue
Wisconsin State
Wisconsin State
University of California Revenues
CA State Health Facilities
Massachusetts State Special Obligation
San Diego Public Financing
NVC Transitional Finance Authority Revenue
General Obligation Unltd
State of Maine
Aa1 AA+ 1,475,000 05/01/2027
4,000,000 05/01/2028 Aa1 AAA
1,000,000 05/15/2028 Aa3 AA-
325,000 06/01/2028 Aa2 AA
Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 CD | Negotiable | 30 %
A+ Federal Credit Union 4.55 4/28/2028 00224TAP1 0.04 4/28/2023 4/28/2028 1,764 4.550 245,000.00 245,000.00 237,407.45 NCUA Insured NCUA Insured Access of Louis FCU 4.9 5/5/2025 00436NAC7 0.04 5/5/2023 5/5/2025 675 4.900 245,000.00 245,000.00 242,723.95 NCUA Insured NCUA Insured Affinity Bank 4.9 3/17/2028 00833JAQ4 0.04 3/17/2023 3/17/2028 1,722 4.900 245,000.00 245,000.00 241,077.55 FDIC Insured FDIC Insured Affinity Federal Credit Union 5.05 12/16/2024 00832KBG3 0.04 12/16/2022 12/16/2024 535 5.050 245,000.00 245,000.00 243,613.30 NCUA Insured NCUA Insured Alabama Credit Union 4.9 11/22/2024 01025RAD1 0.04 11/22/2022 11/22/2024 511 4.900 245,000.00 245,000.00 243,167.40 NCUA Insured NCUA Insured Alaska USA Federal Credit Union 4.9 1/30/2025 011852AB6 0.04 1/30/2023 1/30/2025 580 4.900 245,000.00 245,000.00 242,971.40 NCUA Insured NCUA Insured All In Federal Credit Union 4.6 2/17/2028 01664MAE6 0.04 2/17/2023 2/17/2028 1,693 4.600 245,000.00 245,000.00 238,088.55 NCUA Insured NCUA Insured Alliant Credit Union 5 1/30/2026 01882MAE2 0.04 1/30/2023 1/30/2026 945 5.000 245,000.00 245,000.00 242,591.65 NCUA Insured NCUA Insured Altra Federal Credit Union 5.1 6/9/2025 02208XAE3 0.04 6/9/2023 6/9/2025 710 5.100 245,000.00 245,000.00 243,542.25 FDIC Insured FDIC Insured American Express National Bank 2 3/9/2027 02589ABQ4 0.04 3/9/2022 3/9/2027 1,348 2.000 245,000.00 245,000.00 217,827.05 FDIC Insured FDIC Insured American First Credit Union 4.25 4/27/2028 02616ABY4 0.04 4/27/2023 4/27/2028 1,763 4.250 245,000.00 245,000.00 234,283.70 NCUA Insured NCUA Insured Athol Savings Bank 2 7/31/2023 047539AM3 0.04 7/30/2019 7/31/2023 31 2.000 245,000.00 245,000.00 244,326.25 FDIC Insured FDIC Insured Auburn University Credit Union 4.9 5/22/2025 05059MAA8 0.04 5/22/2023 5/22/2025 692 4.900 245,000.00 245,000.00 242,682.30 NCUA Insured NCUA Insured Austin Telco FCU 5.05 11/27/2026 052392CC9 0.04 11/28/2022 11/27/2026 1,246 5.050 245,000.00 245,000.00 242,584.30 NCUA Insured NCUA Insured Axos Bank 1.65 3/26/2024 05465DAK4 0.04 3/26/2020 3/26/2024 270 1.650 245,000.00 245,000.00 238,448.70 FDIC Insured FDIC Insured Balboa Thrift & Loan 2.1 7/19/2024 05765LAZ0 0.04 7/19/2019 7/19/2024 385 2.100 245,000.00 245,000.00 236,547.50 FDIC Insured FDIC Insured Bank Five Nine 4.65 3/20/2028 062119BK7 0.04 3/20/2023 3/20/2028 1,725 4.650 245,000.00 245,000.00 238,522.20 FDIC Insured FDIC Insured Bank of Baroda NY 3.55 11/30/2023 06062R7R7 0.04 11/30/2018 11/30/2023 153 3.550 245,000.00 245,000.00 243,201.70 FDIC Insured FDIC Insured Bank of Perry County 4.25 5/31/2028 06425KCT4 0.04 5/31/2023 5/31/2028 1,797 4.250 245,000.00 245,000.00 242,042.85 FDIC Insured FDIC Insured Bankers Bank Madison WI 4.25 11/24/2027 06610RBZ1 0.04 5/24/2023 11/24/2027 1,608 4.250 245,000.00 245,000.00 234,925.60 FDIC Insured FDIC Insured Barclays Bank 1.95 2/23/2027 06740KNY9 0.04 2/23/2022 2/23/2027 1,334 1.950 245,000.00 245,000.00 217,719.25 FDIC Insured FDIC Insured Baxter Credit Union 5 11/30/2026 07181JAV6 0.04 11/28/2022 11/30/2026 1,249 5.000 245,000.00 245,000.00 242,202.10 NCUA Insured NCUA Insured Beal Bank 2.05 2/24/2027 07371CH69 0.04 3/2/2022 2/24/2027 1,335 2.050 245,000.00 245,000.00 218,432.20 FDIC Insured FDIC Insured Beal Bank 2.05 2/24/2027 07371AYT4 0.04 3/2/2022 2/24/2027 1,335 2.050 245,000.00 245,000.00 218,432.20 FDIC Insured FDIC Insured BMO Harris Bank NA 4.5 5/16/2028 05600XQE3 0.04 5/16/2023 5/16/2028 1,782 4.500 245,000.00 245,000.00 236,888.05 FDIC Insured FDIC Insured BMW Bank of North America 2.75 4/22/2026 05580AM92 0.04 4/22/2022 4/22/2026 1,027 2.750 245,000.00 245,000.00 228,210.15 FDIC Insured FDIC Insured Bridgewater Bank Bloom MN 4.8 3/29/2028 108622NK3 0.04 3/29/2023 3/29/2028 1,734 4.800 245,000.00 245,000.00 240,043.65 FDIC Insured FDIC Insured Business First Bank 4.75 5/12/2025 098079AM8 0.04 5/10/2023 5/12/2025 682 4.750 245,000.00 245,000.00 242,055.10 FDIC Insured FDIC Insured Capital On Bank USA NA 2.25 7/31/2024 14042TBK2 0.04 7/31/2019 7/31/2024 397 2.250 245,000.00 245,000.00 236,765.55 FDIC Insured FDIC Insured Capital One 2.8 4/20/2027 14042RQS3 0.04 4/20/2022 4/20/2027 1,390 2.800 245,000.00 245,000.00 223,819.75 FDIC Insured FDIC Insured Carter Federal CU 5 6/2/2025 14622LAL6 0.04 5/31/2023 6/2/2025 703 5.000 245,000.00 245,000.00 243,101.25 NCUA Insured NCUA Insured Celtic Bank 4.4 4/19/2028 15118RG50 0.04 4/19/2023 4/19/2028 1,755 4.400 245,000.00 245,000.00 235,873.75 FDIC Insured FDIC Insured Central Bank 4 5/12/2028 152577BN1 0.04 5/12/2023 5/12/2028 1,778 4.000 245,000.00 245,000.00 231,600.95 FDIC Insured FDIC Insured Central State Bank Iowa 4.4 6/21/2028 15523RDT0 0.04 6/21/2023 6/21/2028 1,818 4.400 245,000.00 245,000.00 243,353.60 FDIC Insured FDIC Insured Centris Federal Credit Union 5 5/24/2025 15643VAB8 0.04 5/24/2023 5/24/2025 694 5.000 245,000.00 245,000.00 243,113.50 NCUA Insured NCUA Insured Charles Schwab Bank5.4 9/23/2024 15987UAV0 0.04 3/17/2023 9/23/2024 451 5.400 245,000.00 245,000.00 243,917.10 FDIC Insured FDIC Insured CIBC Bank USA 4.75 3/24/2028 12547CAT5 0.04 3/24/2023 3/24/2028 1,729 4.750 245,000.00 245,000.00 239,563.45 FDIC Insured FDIC Insured Citizens First Bank WI 3.1 7/18/2023 17462VAG1 0.04 1/18/2019 7/18/2023 18 3.100 245,000.00 245,000.00 244,742.75 FDIC Insured FDIC Insured Citizens State Bank of La Crosse 4.7 3/24/2028 176688DA4 0.04 3/24/2023 3/24/2028 1,729 4.700 245,000.00 245,000.00 239,024.45 FDIC Insured FDIC Insured City Bank & Trust 4.7 5/12/2025 17764PAM6 0.04 5/12/2023 5/12/2025 682 4.700 245,000.00 245,000.00 241,841.95 FDIC Insured FDIC Insured City of Burbank
Portfolio Position Detail Report
Monthly Treasurer's Report
06/30/2023
Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 City National Bank Beverly Hills 4.9 11/24/2025 178180GS8 0.04 11/23/202211/24/2025 878 4.900 245,000.00 245,000.00 242,187.40NCUA InsuredNCUA Insured CMTY Bank & Trust Waco TX 4.75 5/30/2025 20347MAP6 0.04 5/31/2023 5/30/2025 700 4.750 245,000.00 245,000.00 242,001.20FDIC InsuredFDIC Insured Comenity Capital Bank 2.65 4/14/202720033A3A2 0.04 4/14/2022 4/14/2027 1,384 2.650 245,000.00 245,000.00 222,462.45FDIC InsuredFDIC Insured Community First Bank 4.75 5/19/202520368TDK3 0.04 5/19/2023 5/19/2025 689 4.750 245,000.00 245,000.00 242,030.60FDIC InsuredFDIC Insured Connex Credit Union 3.5 8/29/2025 208212AY6 0.04 8/31/2022 8/29/2025 791 3.500 245,000.00 245,000.00 235,420.50NCUA InsuredNCUA Insured Connexus Credit Union 5.15 6/23/202520825WBR0 0.04 6/21/2023 6/23/2025 724 5.150 245,000.00 245,000.00 243,755.40NCUA InsuredNCUA Insured Cornerstone Bank 4.8 5/16/2025 219232CU7 0.04 5/16/2023 5/16/2025 686 4.800 245,000.00 245,000.00 242,260.90FDIC InsuredFDIC Insured Corning Federal Credit Union 5.35 4/4/202421933PAA0 0.04 4/4/2023 4/4/2024 279 5.350 245,000.00 245,000.00 244,977.95NCUA InsuredNCUA Insured Cross River Bank 4.85 5/19/2025 227563CJ0 0.04 5/19/2023 5/19/2025 689 4.850 245,000.00 245,000.00 242,469.15FDIC InsuredFDIC Insured Customers Bank 4.45 5/31/2028 23204HNZ7 0.04 5/31/2023 5/31/2028 1,797 4.450 245,000.00 245,000.00 242,069.80FDIC InsuredFDIC Insured CY Fair Federal Credit Union 4.5 5/12/202823248UAB3 0.04 5/12/2023 5/12/2028 1,778 4.500 245,000.00 245,000.00 236,848.85NCUA InsuredNCUA Insured Delta National Bank and Trust NY 2 2/25/2027 24773RCR4 0.04 3/9/2022 2/25/2027 1,336 2.000 245,000.00 245,000.00 218,013.25FDIC InsuredFDIC Insured Direct Federal Credit Union MA 3.5 9/11/2023 25460FCF1 0.04 12/10/20189/11/2023 73 3.500 245,000.00 245,000.00 244,144.95NCUA InsuredNCUA Insured Discover Bank 4.45 10/18/2027 254673W51 0.04 10/18/202210/18/2027 1,571 4.450 245,000.00 245,000.00 237,013.00FDIC InsuredFDIC Insured Dort Financial Credit 4.35 5/24/2028 25844MAW8 0.04 5/24/2023 5/24/2028 1,790 4.350 245,000.00 245,000.00 235,273.50NCUA InsuredNCUA Insured Eagle Community Credit Union 5 12/26/202326948GAF1 0.04 12/23/202212/26/2023 179 5.000 245,000.00 245,000.00 244,644.75NCUA InsuredNCUA Insured Eaglebank 4.8 5/19/2025 27002YFW1 0.04 5/19/2023 5/19/2025 689 4.800 245,000.00 245,000.00 242,251.10FDIC InsuredFDIC Insured Eaglemark Savings Bank 2 3/9/202727004PCN1 0.04 3/9/2022 3/9/2027 1,348 2.000 245,000.00 245,000.00 217,827.05FDIC InsuredFDIC Insured Encompass Niagara Credit Union 5 6/13/202529259RAK3 0.04 6/13/2023 6/13/2025 714 5.000 245,000.00 245,000.00 243,084.10NCUA InsuredNCUA Insured Enterprise Bank PA 4.25 5/19/2028 29367RMN3 0.04 5/19/2023 5/19/2028 1,785 4.250 245,000.00 245,000.00 234,195.50FDIC InsuredFDIC Insured Federal Savings Bank 4.5 6/28/2028313812EG0 0.04 6/28/2023 6/28/2028 1,825 4.500 245,000.00 245,000.00 243,253.15FDIC InsuredFDIC Insured First Bank Elk River 4.4 6/30/2028 31911KAK4 0.04 6/30/2023 6/30/2028 1,827 4.400 245,000.00 245,000.00 241,839.50FDIC InsuredFDIC Insured First Choice FCU 5 5/27/2025 31949HAA9 0.04 5/25/2023 5/27/2025 697 5.000 245,000.00 245,000.00 243,113.50NCUA InsuredNCUA Insured First Family Federal Credit Union 4.85 1/17/202532014RAA5 0.04 1/19/2023 1/17/2025 567 4.850 245,000.00 245,000.00 242,829.30NCUA InsuredNCUA Insured First Financial 4.45 2/8/2028 32024DAC0 0.04 2/8/2023 2/8/2028 1,684 4.450 245,000.00 245,000.00 236,608.75FDIC InsuredFDIC Insured First Foundation Bank 4.7 5/12/202532026UM52 0.04 5/12/2023 5/12/2025 682 4.700 245,000.00 245,000.00 241,841.95FDIC InsuredFDIC Insured First Peoples Bank Georgia 4.75 5/19/202533609PAZ3 0.04 5/19/2023 5/19/2025 689 4.750 245,000.00 245,000.00 242,030.60FDIC InsuredFDIC Insured First Technology 3.5 11/16/2023 33715LCT5 0.04 11/16/201811/16/2023 139 3.500 245,000.00 245,000.00 243,353.60FDIC InsuredFDIC Insured First Western Bank & Trust 4.75 5/12/2025 33749VBP2 0.04 5/10/2023 5/12/2025 682 4.750 245,000.00 245,000.00 242,055.10FDIC InsuredFDIC Insured Flagler Bank Corp 4.9 5/27/2025 338386AB1 0.04 5/26/2023 5/27/2025 697 4.900 245,000.00 245,000.00 242,670.05FDIC InsuredFDIC Insured Flagstar Bank N.A. 5.25 4/24/2025 33847GAK8 0.04 3/30/2023 4/24/2025 664 5.250 245,000.00 245,000.00 244,223.35FDIC InsuredFDIC Insured FNB Bank WV 2.7 4/4/2024 30257JAN5 0.04 4/4/2019 4/4/2024 279 2.700 245,000.00 245,000.00 240,146.55FDIC InsuredFDIC Insured FNB of McGregor TX 2.3 6/28/2024 32112UDA6 0.04 6/28/2019 6/28/2024 364 2.300 245,000.00 245,000.00 238,081.20FDIC InsuredFDIC Insured FNCB Bank 4 5/8/2028 30257YBT8 0.04 5/8/2023 5/8/2028 1,774 4.000 245,000.00 245,000.00 231,713.65FDIC InsuredFDIC Insured Genoa Banking Company 4.05 5/19/2028372348DB5 0.04 5/19/2023 5/19/2028 1,785 4.050 245,000.00 245,000.00 232,090.95FDIC InsuredFDIC Insured Goldman Sachs Bank USA 2.55 6/19/2024 38149MBM4 0.04 6/19/2019 6/19/2024 355 2.550 245,000.00 245,000.00 238,279.65FDIC InsuredFDIC Insured Great Lakes Credit Union 5 6/16/2025390602AA8 0.04 6/16/2023 6/16/2025 717 5.000 245,000.00 245,000.00 243,079.20NCUA InsuredNCUA Insured Greensboro Municipal FCU 4.9 5/19/202539552MAA9 0.04 5/17/2023 5/19/2025 689 4.900 245,000.00 245,000.00 242,689.65NCUA InsuredNCUA Insured Greenstate Credit Union 0.95 7/21/202639573LBM9 0.04 7/21/2021 7/21/2026 1,117 0.950 245,000.00 245,000.00 214,357.85NCUA InsuredNCUA Insured Home Loan Investment Bank 5.25 3/28/202543719LAJ4 0.04 3/29/2023 3/28/2025 637 5.250 245,000.00 245,000.00 244,242.95FDIC InsuredFDIC Insured Honolulu Fire Dept FCU 5 12/22/2025438649AL9 0.04 6/22/202312/22/2025 906 5.000 245,000.00 245,000.00 242,672.50NCUA InsuredNCUA Insured Hughes Federal CU 5.25 6/30/2025 444425AA0 0.04 6/29/2023 6/30/2025 731 5.250 245,000.00 245,000.00 244,213.55NCUA InsuredNCUA Insured Idaho First Bank 4.2 5/30/2028 451245AT1 0.04 5/30/2023 5/30/2028 1,796 4.200 245,000.00 245,000.00 242,037.95FDIC InsuredFDIC Insured Iowa State Bank 2.1 7/10/2024 46256YBB4 0.04 7/10/2019 7/10/2024 376 2.100 245,000.00 245,000.00 236,826.80FDIC InsuredFDIC Insured John Marshall Bank 4.7 7/14/2025 47804GKT9 0.04 5/12/2023 7/14/2025 745 4.700 245,000.00 245,000.00 241,606.75FDIC InsuredFDIC Insured Keypoint Credit Union 5 6/23/2025 49332PAB6 0.04 12/21/20226/23/2025 724 5.000 245,000.00 245,000.00 243,066.95NCUA InsuredNCUA Insured Knoxville TVA Employee Credit Union 1.95 11/26/202 499724AK8 0.04 11/26/201911/26/2024 515 1.950 245,000.00 245,000.00 233,399.25NCUA InsuredNCUA Insured Lafayette Federal Credit Union 3.25 5/25/202750625LBJ1 0.04 5/25/2022 5/25/2027 1,425 3.250 245,000.00 245,000.00 227,097.85NCUA InsuredNCUA Insured Latino Community Credit Union 5 6/21/202451828MAE4 0.04 12/21/20226/21/2024 357 5.000 245,000.00 245,000.00 243,907.30NCUA InsuredNCUA Insured LCA Bank Corp 4.25 5/26/2028 501798TY8 0.04 5/26/2023 5/26/2028 1,792 4.250 245,000.00 245,000.00 235,290.65FDIC InsuredFDIC Insured Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Leaders Credit Union 5 3/30/2028 52171MAG0 0.04 3/30/2023 3/30/2028 1,735 5.000 245,000.00 245,000.00 242,096.75NCUA InsuredNCUA Insured Legends Bank TN 2.75 2/22/2024 52465JHM2 0.04 2/22/2019 2/22/2024 237 2.750 245,000.00 245,000.00 241,001.60FDIC InsuredFDIC Insured Liberty Federal Credit Union 5 12/5/202353052LAD1 0.04 12/5/2022 12/5/2023 158 5.000 245,000.00 245,000.00 244,688.85NCUA InsuredNCUA Insured Liberty First Credit Union 4.35 1/27/2028530520AD7 0.04 1/27/2023 1/27/2028 1,672 4.350 245,000.00 245,000.00 235,650.80NCUA InsuredNCUA Insured Live Oak Banking Co 1.85 11/27/2024 538036GU2 0.04 11/27/201911/27/2024 516 1.850 245,000.00 245,000.00 233,046.45FDIC InsuredFDIC Insured Local Government FCU 5.15 5/17/202453955LAC1 0.04 5/17/2023 5/17/2024 322 5.150 245,000.00 245,000.00 244,429.15NCUA InsuredNCUA Insured Magnificent Financial CU 5 5/30/202555955TAA3 0.04 5/30/2023 5/30/2025 700 5.000 245,000.00 245,000.00 243,103.70NCUA InsuredNCUA Insured Maine Savings FCU 1.9 11/8/2024 560507AN5 0.04 11/8/2019 11/8/2024 497 1.900 245,000.00 245,000.00 233,627.10FDIC InsuredFDIC Insured Manufacturers & Traders Trust Co 4.9 12/9/2024564759RJ9 0.04 12/7/2022 12/9/2024 528 4.900 245,000.00 245,000.00 243,118.40FDIC InsuredFDIC Insured Medallion Bank Utah 5.25 3/28/202558404DRU7 0.04 3/28/2023 3/28/2025 637 5.250 245,000.00 245,000.00 244,242.95FDIC InsuredFDIC Insured Meritrust Federal Credit Union 4.9 5/24/202559001PAT6 0.04 5/24/2023 5/24/2025 694 4.900 245,000.00 245,000.00 245,360.64NCUA InsuredNCUA Insured Merrick Bank 2.2 7/31/2024 59013KBV7 0.04 7/31/2019 7/31/2024 397 2.200 245,000.00 245,000.00 236,552.40FDIC InsuredFDIC Insured Metro Credit Union 1.7 2/18/2027 59161YAP1 0.04 2/18/2022 2/18/2027 1,329 1.700 245,000.00 245,000.00 215,538.75FDIC InsuredFDIC Insured Morgan Stanley Bank NA 2.7 6/6/2024 61690UHB9 0.04 6/6/2019 6/6/2024 342 2.700 245,000.00 245,000.00 238,892.15FDIC InsuredFDIC Insured Morgan Stanley NY 2.85 4/4/2024 61760AYB9 0.04 4/4/2019 4/4/2024 279 2.850 245,000.00 245,000.00 240,425.85FDIC InsuredFDIC Insured Mountain America Federal Credit Union 4.7 4/28/20262384RAT3 0.04 4/28/2023 4/28/2026 1,033 4.700 245,000.00 245,000.00 240,489.55NCUA InsuredNCUA Insured MVB Bank INC 5.3 3/24/2025 62847NDN3 0.04 3/24/2023 3/24/2025 633 5.300 245,000.00 245,000.00 244,446.30FDIC InsuredFDIC Insured My Safra Bank FSB 4.4 5/18/2028 55406JBS0 0.04 5/18/2023 5/18/2028 1,784 4.400 245,000.00 245,000.00 235,839.45FDIC InsuredFDIC Insured Naheola Credit Union 2.05 1/10/2025629801AA9 0.04 1/10/2020 1/10/2025 560 2.050 245,000.00 245,000.00 233,790.52NCUA InsuredNCUA Insured National Coop Bank OH 3.4 12/21/2023635573AL2 0.04 12/21/201812/21/2023 174 3.400 245,000.00 245,000.00 242,802.35FDIC InsuredFDIC Insured Nicolet National Bank 4.85 12/1/2025654062LN6 0.04 5/30/2023 12/1/2025 885 4.850 245,000.00 245,000.00 241,883.60FDIC InsuredFDIC Insured Numerica Credit Union 3.1 5/13/202767054NAW3 0.04 5/13/2022 5/13/2027 1,413 3.100 245,000.00 245,000.00 225,931.65NCUA InsuredFDIC Insured Oklahoma's Credit Union 5 12/14/202367886WAF4 0.04 12/14/202212/14/2023 167 5.000 245,000.00 245,000.00 244,669.25NCUA InsuredNCUA Insured Oregon Community Credit Union 5.15 6/23/202568584JAE9 0.04 6/21/2023 6/23/2025 724 5.150 245,000.00 245,000.00 243,755.40NCUA InsuredNCUA Insured Oregon State Credit Union 5.05 3/21/202468609EAC5 0.04 12/21/20223/21/2024 265 5.050 245,000.00 245,000.00 244,483.05NCUA InsuredNCUA Insured Pacific Premier Bank 5.35 9/23/202469478QGY0 0.04 3/22/2023 9/23/2024 451 5.350 245,000.00 245,000.00 244,634.95FDIC InsuredFDIC Insured Pacific Western Bank 5.5 9/20/2024 69506YXQ7 0.04 3/20/2023 9/20/2024 448 5.500 245,000.00 245,000.00 245,066.15FDIC InsuredFDIC Insured Parkway Bank & Trust Co 4.95 6/16/2025 70153RLV8 0.04 6/15/2023 6/16/2025 717 4.950 245,000.00 245,000.00 242,851.35FDIC InsuredFDIC Insured Partners Bank California 5.05 3/17/202570212YBN1 0.04 3/17/2023 3/17/2025 626 5.050 245,000.00 245,000.00 243,436.90FDIC InsuredFDIC Insured Pentucket Bank 4.8 5/27/2025 70969PAG1 0.04 5/26/2023 5/27/2025 697 4.800 245,000.00 245,000.00 242,226.60FDIC InsuredFDIC Insured Pitney Bowes Bank INC 4.35 4/13/2028724468AC7 0.04 4/14/2023 4/13/2028 1,749 4.350 245,000.00 245,000.00 235,422.95FDIC InsuredFDIC Insured Plains Commerce Bank 2.55 5/30/202472651LCK8 0.04 5/30/2019 5/30/2024 335 2.550 245,000.00 245,000.00 238,691.25FDIC InsuredFDIC Insured Popular Bank 4.85 5/22/2025 73317ACD2 0.04 5/24/2023 5/22/2025 692 4.850 245,000.00 245,000.00 242,466.70FDIC InsuredFDIC Insured Queensborough Natl Bank 4.85 6/2/202574824XDK9 0.04 6/2/2023 6/2/2025 703 4.850 245,000.00 245,000.00 242,434.85FDIC InsuredFDIC Insured Raiz Federal Credit Union 4.7 7/25/202575102EAB4 0.04 1/25/2023 7/25/2025 756 4.700 245,000.00 245,000.00 241,560.20NCUA InsuredNCUA Insured Raymond James Bank NA 1.8 11/8/2024 75472RAK7 0.04 11/8/2019 11/8/2024 497 1.800 245,000.00 245,000.00 233,357.60FDIC InsuredFDIC Insured Resource One Credit Union 1.9 11/27/2024 76124YAB2 0.04 11/27/201911/27/2024 516 1.900 245,000.00 245,000.00 233,213.05NCUA InsuredNCUA Insured Riverfront FCU 5.15 6/12/2025 76870LAC4 0.04 6/12/2023 6/12/2025 713 5.150 245,000.00 245,000.00 243,765.20NCUA InsuredNCUA Insured Sallie Mae Bank Salt Lake 1 7/14/20267954507A7 0.04 7/14/2021 7/14/2026 1,110 1.000 245,000.00 245,000.00 215,173.70FDIC InsuredFDIC Insured San Francisco Credit Union 4.35 2/3/202879772FAG1 0.04 2/3/2023 2/3/2028 1,679 4.350 245,000.00 245,000.00 235,628.75NCUA InsuredNCUA Insured Sec State Bank Warroad MN 4.3 5/31/2028 81501JAE2 0.04 5/31/2023 5/31/2028 1,797 4.300 245,000.00 245,000.00 242,047.75FDIC InsuredFDIC Insured Self Help FCU 4.1 5/26/2028 81632NBB0 0.04 5/26/2023 5/26/2028 1,792 4.100 245,000.00 245,000.00 232,671.60NCUA InsuredNCUA Insured Signature Federal Credit Union 4.4 1/31/202882671DAB3 0.04 1/31/2023 1/31/2028 1,676 4.400 245,000.00 245,000.00 236,133.45NCUA InsuredNCUA Insured Southern Bank Poplar Bluff MO 4.2 5/17/2028 843383CS7 0.04 5/17/2023 5/17/2028 1,783 4.200 245,000.00 245,000.00 233,678.55FDIC InsuredFDIC Insured Spokane Teachers Credit Union 5 11/24/2025 849061AA4 0.04 11/23/202211/24/2025 878 5.000 245,000.00 245,000.00 242,733.75NCUA InsuredNCUA Insured St Louis Bank MO 4.45 6/30/2028 85231WAW1 0.04 6/30/2023 6/30/2028 1,827 4.450 245,000.00 245,000.00 244,233.15FDIC InsuredFDIC Insured State Bank Of India 1.65 1/21/2027 856285E31 0.04 1/21/2022 1/21/2027 1,301 1.650 245,000.00 245,000.00 215,940.55FDIC InsuredFDIC Insured State Exchange Bank Lamont Oklahoma 4.25 4/20/2028856786AQ1 0.04 4/20/2023 4/20/2028 1,756 4.250 245,000.00 245,000.00 234,313.10FDIC InsuredFDIC Insured Sunset Science Park FCU 5 12/14/202386777TAA4 0.04 12/14/202212/14/2023 167 5.000 245,000.00 245,000.00 244,669.25NCUA InsuredNCUA Insured Synchrony Bank 3.2 5/20/2027 87165EW45 0.04 5/20/2022 5/20/2027 1,420 3.200 245,000.00 245,000.00 226,850.40FDIC InsuredFDIC Insured Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Tab Bank INC 4.75 5/12/2025 89388CGP7 0.04 5/10/2023 5/12/2025 682 4.750 245,000.00 245,000.00 242,055.10FDIC InsuredFDIC Insured Technology Credit Union 5 4/14/202687868YAM5 0.04 4/14/2023 4/14/2026 1,019 5.000 245,000.00 245,000.00 242,442.20NCUA InsuredNCUA Insured Third Fed Sav&Ln Clevlnd 1.95 11/25/2024 88413QCK2 0.04 11/25/201911/25/2024 514 1.950 245,000.00 245,000.00 233,472.75FDIC InsuredFDIC Insured Thread Bank Rogersville 4.4 6/16/202888553LAP4 0.04 6/16/2023 6/16/2028 1,813 4.400 245,000.00 245,000.00 243,133.10FDIC InsuredFDIC Insured Toyota Financial SGS BK 0.95 7/15/202689235MLC37 0.04 7/15/2021 7/15/2026 1,111 0.950 245,000.00 245,000.00 214,811.10FDIC InsuredFDIC Insured Trugrocer Federal CU 4.85 6/20/202889788RAA9 0.04 6/20/2023 6/20/2028 1,817 4.850 245,000.00 245,000.00 240,492.00NCUA InsuredNCUA Insured Trustone Financial Credit Union 5 12/14/202389841MAM9 0.04 12/14/202212/14/2023 167 5.000 245,000.00 245,000.00 244,669.25NCUA InsuredNCUA Insured UBS Bank USA 0.95 8/11/2026 90348JR93 0.04 8/11/2021 8/11/2026 1,138 0.950 245,000.00 245,000.00 213,875.20FDIC InsuredFDIC Insured Ukranian Federal Credit 4.8 5/8/202590372WAA8 0.04 5/8/2023 5/8/2025 678 4.800 245,000.00 245,000.00 242,285.40NCUA InsuredNCUA Insured Uncle Credit Union 5 1/25/2024 90307LAB0 0.04 1/25/2023 1/25/2024 209 5.000 245,000.00 245,000.00 244,566.35NCUA InsuredNCUA Insured United Fidelity BK FSB 4.5 6/29/2028910286GN7 0.04 6/29/2023 6/29/2028 1,826 4.500 245,000.00 245,000.00 242,819.50FDIC InsuredFDIC Insured United Roosevelt Savings 4.8 5/19/202591139LAG1 0.04 5/19/2023 5/19/2025 689 4.800 245,000.00 245,000.00 242,251.10FDIC InsuredFDIC Insured University Bank NA 4.85 4/3/2028 914098DQ8 0.04 4/3/2023 4/3/2028 1,739 4.850 245,000.00 245,000.00 240,555.70FDIC InsuredFDIC Insured University Credit Union 5.15 3/17/2025914242AB8 0.04 3/17/2023 3/17/2025 626 5.150 245,000.00 245,000.00 243,846.05NCUA InsuredNCUA Insured Univest Bank & Trust Co 4.35 5/12/2028 91527PBY2 0.04 5/12/2023 5/12/2028 1,778 4.350 245,000.00 245,000.00 235,273.50FDIC InsuredFDIC Insured US Alliance FCU 4.55 5/26/2028 90352RDB8 0.04 5/26/2023 5/26/2028 1,792 4.550 245,000.00 245,000.00 237,338.85NCUA InsuredNCUA Insured Utah Community Federal Credit Union 4.7 10/28/2025917352AD8 0.04 4/28/202310/28/2025 851 4.700 245,000.00 245,000.00 241,185.35NCUA InsuredNCUA Insured Viriva Credit Union 1.85 11/27/2024 92823NAA9 0.04 11/27/201911/27/2024 516 1.850 245,000.00 245,000.00 233,046.45FDIC InsuredFDIC Insured Vision Bank 4.05 5/12/2028 92834ABT2 0.04 5/12/2023 5/12/2028 1,778 4.050 245,000.00 245,000.00 232,125.25FDIC InsuredFDIC Insured Vystar Credit Union 4.45 10/7/2027 92891CCR1 0.04 10/7/2022 10/7/2027 1,560 4.450 245,000.00 245,000.00 237,000.75FDIC InsuredFDIC Insured Wells Fargo Bank 4.85 11/29/2024 9497633X2 0.04 11/28/202211/29/2024 518 4.850 245,000.00 245,000.00 242,981.20NCUA InsuredNCUA Insured Westreet Federal CU 5 5/19/2025 961442AE0 0.04 5/18/2023 5/19/2025 689 5.000 245,000.00 245,000.00 243,128.20NCUA InsuredNCUA Insured Sub Total / Average CD | Negotiable | 30 % 6.79 976 4.076 39,690,000.0039,690,000.0038,579,250.61 Medium Term Note | 30 %
Adobe Inc 3.25 2/1/2025-24 00724FAC5 0.51 3/20/2020 2/1/2025 582 2.649 3,000,000.003,081,780.002,910,210.00Moodys-A2S&P-A+ Amazon 1.2 6/3/2027-27 023135BR6 0.51 6/8/2022 6/3/2027 1,434 3.530 3,000,000.002,682,967.172,632,200.00Moodys-A1S&P-AA Bank of America Corp 4.125 1/22/2024 06051GFB0 0.51 3/18/2020 1/22/2024 206 2.950 3,000,000.003,127,140.002,973,900.00Moodys-A1S&P-A- Bank of NY Mellon Corp 2.2 8/16/2023 06406FAD5 0.32 6/19/2019 8/16/2023 47 2.480 1,850,000.001,829,624.101,842,452.00Moodys-A1S&P-A Bank of NY Mellon Corp 3.4 5/15/2024-2406406HCV9 0.51 3/18/2020 5/15/2024 320 2.615 3,000,000.003,092,190.002,938,860.00Moodys-A1S&P-A Berkshire Hathaway 2.3 3/15/2027-27084664CZ2 0.51 3/15/2022 3/15/2027 1,354 2.300 3,000,000.003,000,000.002,805,300.00Moodys-Aa2S&P-AA BMW US Capital LLC 1.25 8/12/2026-2605565EBW4 0.51 2/14/2022 8/12/2026 1,139 2.300 3,000,000.002,866,200.002,676,630.00Moodys-A2S&P-A Caterpillar Financial Services 1.7 1/8/202714913R2U0 0.51 3/11/2022 1/8/2027 1,288 2.430 3,000,000.002,900,826.002,707,620.00Moodys-A2S&P-A Coca-Cola Co 1.75 9/6/2024 191216CL2 0.18 3/25/2020 9/6/2024 434 2.592 1,036,000.00999,574.241,001,283.64Moodys-A1S&P-A+ Estee Lauder Co Inc 2 12/1/2024 29736RAN0 0.34 3/20/2020 12/1/2024 520 2.537 2,000,000.001,952,680.001,907,500.00Moodys-A1S&P-A+ Home Depot Inc 3.75 2/15/2024-23 437076BC5 0.22 3/27/2020 2/15/2024 230 2.452 1,270,000.001,330,680.601,256,690.40Moodys-A2S&P-A Honeywell International 2.3 8/15/2024438516BW5 0.34 3/25/2020 8/15/2024 412 2.430 2,000,000.001,989,214.001,933,020.00Moodys-A2S&P-A Intel Corp 3.4 3/25/2025-25 458140BP4 0.34 2/8/2021 3/25/2025 634 0.760 2,000,000.002,214,260.001,938,140.00Moodys-A2S&P-A John Deere Capital Corp 2.6 3/7/202424422EUX5 0.34 6/25/2019 3/7/2024 251 2.385 2,000,000.002,019,036.001,960,180.00Moodys-A2S&P-A John Deere Capital Corp 3.45 3/13/202524422EUE7 0.17 3/20/2020 3/13/2025 622 2.801 1,000,000.001,029,970.00971,360.00Moodys-A2S&P-A JP Morgan Chase & Co 3.125 1/23/2025-2446625HKC3 0.51 3/19/2020 1/23/2025 573 2.815 3,000,000.003,041,760.002,901,750.00Moodys-A1S&P-A- Mars INC 0.875 7/16/2026-26 571676AJ4 0.34 8/11/2021 7/16/2026 1,112 1.110 1,995,000.001,972,516.351,767,270.75Moodys-A1S&P-A+ Mass Institute of Tech 3.308 7/1/2026-14 575718AD3 0.51 1/21/2022 7/1/2026 1,097 1.780 3,000,000.003,195,000.002,886,330.00Moodys-AaaS&P-AAA Massmutual Global Funding 1.2 7/16/202657629WDE7 0.51 7/16/2021 7/16/2026 1,112 1.180 3,000,000.003,002,880.002,651,820.00Moodys-Aa3S&P-AA+ Mastercard Inc 2 3/3/2025 57636QAN4 0.84 3/26/2020 3/3/2025 612 2.500 4,883,000.004,770,251.534,641,193.84Moodys-Aa3S&P-A+ Met Life Global 1.875 1/11/2027 59217GER6 0.34 2/8/2022 1/11/2027 1,291 2.350 2,000,000.001,956,047.611,781,740.00Moodys-Aa3S&P-AA- Met Tower Global Funding 1.25 9/14/202658989V2D5 0.21 10/25/20219/14/2026 1,172 1.530 1,228,000.001,211,866.41 1,074,340.36Moodys-Aa3S&P-AA- Microsoft Corp 2 8/8/2023-23 594918BQ6 0.52 12/6/2018 8/8/2023 39 3.296 3,050,000.002,880,115.00 3,041,002.50Moodys-AaaS&P-AAA Nestle Holdings Inc 1.15 1/14/2027-26641062AV6 0.34 2/8/2022 1/14/2027 1,294 2.230 2,000,000.001,899,620.001,760,220.00Moodys-Aa3S&P-AA- New York Life Global FDG 0.85 1/15/202664952WDW0 0.51 7/1/2021 1/15/2026 930 1.100 3,000,000.002,966,880.002,681,250.00Moodys-AaaS&P-AA+ Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 Northwest Mutual Global 1.75 1/11/2027 66815L2F5 0.34 2/14/2022 1/11/2027 1,291 2.300 2,000,000.00 1,949,204.75 1,781,840.00 Moodys-Aaa S&P-AA+ Pres & Fellows of Harvard 2.3 10/1/2023 740816AJ2 0.17 5/15/2019 10/1/2023 93 2.381 1,000,000.00 996,640.00 992,140.00 Moodys-Aaa S&P-AAA Pres & Fellows of Harvard 2.3 10/1/2023 740816AJ2 0.34 5/16/2019 10/1/2023 93 2.385 2,000,000.00 1,992,950.00 1,984,280.00 Moodys-Aaa S&P-AAA Pricoa Global Funding 1.2 9/1/2026 74153WCP2 0.34 9/23/2021 9/1/2026 1,159 1.180 2,000,000.00 2,001,900.00 1,759,300.00 Moodys-Aa3 S&P-AA- Pricoa Global Funding 1.2 9/1/2026 74153WCP2 0.17 10/4/2021 9/1/2026 1,159 1.300 1,000,000.00 995,256.00 879,650.00 Moodys-Aa3 S&P-AA- Qualcomm Inc 3.45 5/20/2025-25 747525AF0 0.17 3/11/2022 5/20/2025 690 2.477 974,000.00 1,002,879.10 944,546.24 Moodys-A2 S&P-A Qualcomm Inc 3.45 5/20/2025-25 747525AF0 0.46 3/11/2022 5/20/2025 690 2.477 2,700,000.00 2,780,055.00 2,618,352.00 Moodys-A2 S&P-A State Street Corp 3.55 8/18/2025 857477AT0 0.51 3/11/2022 8/18/2025 780 2.560 3,000,000.00 3,097,050.00 2,890,350.00 Moodys-A1 S&P-A Suntrust Bank 3.2 4/1/2024-24 86787EBC0 0.51 12/11/2019 4/1/2024 276 2.198 3,000,000.00 3,122,760.00 2,940,000.00 Moodys-A2 S&P-A Target Corp 1.95 1/15/2027-22 87612EBM7 0.51 1/31/2022 1/15/2027 1,295 1.950 3,000,000.00 3,000,000.00 2,746,260.00 Moodys-A2 S&P-A Toyota Motor Credit 3.35 1/8/2024 89236TFS9 0.34 1/8/2019 1/8/2024 192 3.356 2,000,000.00 1,999,460.00 1,976,640.00 Moodys-A1 S&P-A+ Unilever Capital Corp 3.375 3/22/2025-25 904764BB2 0.09 3/24/2020 3/22/2025 631 2.798 500,000.00 513,360.00 483,245.00 Moodys-A1 S&P-A+ Unilever Capital Corp 3.375 3/22/2025-25 904764BB2 0.26 3/24/2020 3/22/2025 631 2.752 1,500,000.00 1,543,305.00 1,449,735.00 Moodys-A1 S&P-A+ Walmart Inc 2.85 7/8/2024 931142EL3 0.51 3/24/2020 7/8/2024 374 2.667 3,000,000.00 3,022,020.00 2,925,270.00 Moodys-Aa2 S&P-AA Walt Disney Company 1.75 8/30/2024 254687FK7 0.51 9/12/2019 8/30/2024 427 2.016 3,000,000.00 2,962,530.00 2,875,110.00 Moodys-A2 S&P-A- Sub Total / Average Medium Term Note | 30 % 15.74 729 2.313 91,986,000.00 91,992,448.86 86,888,981.73 Money Market | 20 %
Morgan Stanley Institutional Liquidity Fund - Gov. 61747C319 18.61 7/29/2022 N/A 1 5.010 108,724,125.46 108,724,125.46 108,724,125.46 Moodys-Aaa S&P-AAA Sub Total / Average Money Market | 20 % 18.61 1 5.010 108,724,125.46 108,724,125.46 108,724,125.46 072024XD9 0.14 6/16/2022 4/1/2027 1,371 4.200 815,000.00 718,023.15 719,473.85 Moodys-Aa3 S&P-AA 088006KA8 0.31 3/14/2022 6/1/2026 1,067 2.280 1,800,000.00 1,718,478.00 1,614,672.00 NR S&P-AA+ 12082SDN1 0.11 11/10/2022 8/1/2026 1,128 5.050 620,000.00 543,324.60 559,109.80 Moodys-Aa2 None 13032UXM5 0.17 11/4/2020 6/1/2025 702 0.952 1,000,000.00 1,000,000.00 917,960.00 Moodys-Aa3 S&P-AA- 13032UXP8 0.21 6/7/2022 6/1/2027 1,432 3.620 1,255,000.00 1,127,178.25 1,094,134.10 Moodys-Aa3 S&P-AA- 13032UC30 0.17 4/7/2022 6/1/2026 1,067 3.044 1,000,000.00 1,000,000.00 942,320.00 Moodys-Aa3 S&P-AA- 13034AL65 0.09 12/17/2020 10/1/2025 824 0.765 500,000.00 500,000.00 454,840.00 NR S&P-AAA 13077DMM1 0.09 6/14/2022 11/1/2026 1,220 3.900 500,000.00 444,875.00 444,055.00 Moodys-Aa2 S&P-AA- 13077DQE5 0.09 6/16/2022 11/1/2026 1,220 4.171 540,000.00 475,200.00 479,644.20 Moodys-Aa2 S&P-AA- 20775C6B5 0.14 10/29/2019 5/15/2024 320 2.047 800,000.00 800,000.00 773,176.00 Moodys-Aaa S&P-AAA 34153QUD6 0.51 10/26/2020 6/1/2025 702 0.620 3,000,000.00 2,990,490.00 2,754,150.00 Moodys-Aaa S&P-AAA 20772KTK5 0.17 6/22/2023 5/15/2028 1,781 4.506 1,000,000.00 1,000,000.00 993,450.00 Moodys-Aa3 S&P-AA- 419792G26 0.51 6/15/2022 8/1/2026 1,128 3.624 3,000,000.00 2,732,940.00 2,700,000.00 Moodys-Aa2 S&P-AA+ 542424VY9 0.37 3/24/2020 5/15/2024 320 2.401 2,135,000.00 2,268,843.15 2,153,809.35 Moodys-Aa2 NR 574193VR6 0.51 6/22/2022 6/1/2026 1,067 3.351 3,000,000.00 2,977,950.00 2,866,590.00 Moodys-Aaa S&P-AAA 576000ZF3 0.31 4/25/2022 8/15/2026 1,142 3.300 1,800,000.00 1,644,678.00 1,607,220.00 Moodys-Aa2 S&P-AA+ 576004HD0 0.34 8/30/2022 7/15/2027 1,476 3.680 2,000,000.00 2,000,000.00 1,909,920.00 Moodys-Aa1 NR 649791PS3 0.51 5/4/2022 2/15/2027 1,326 3.309 3,000,000.00 2,874,990.00 2,759,880.00 Moodys-Aa1 S&P-AA+ 64990FD50 0.13 6/23/2021 3/15/2026 989 1.187 750,000.00 750,000.00 677,535.00 NR S&P-AA+ 64985TBB6 0.34 4/22/2022 3/15/2027 1,354 3.500 2,000,000.00 1,897,260.00 1,824,120.00 Moodys-Aa1 NR 6500357E2 0.19 4/6/2022 3/15/2027 1,354 3.120 1,125,000.00 1,126,518.75 1,058,366.25 Moodys-Aa1 NR 64990FD68 0.40 3/18/2022 3/15/2027 1,354 2.740 2,365,000.00 2,233,198.55 2,101,302.50 NR S&P-AA+ 64972EVX4 0.13 6/9/2022 5/1/2026 1,036 3.662 770,000.00 700,700.00 680,610.70 Moodys-Aa2 S&P-AA+ 64971XLR7 0.19 6/24/2021 5/1/2026 1,036 1.100 1,100,000.00 1,152,349.00 1,015,179.00 Moodys-Aa1 S&P-AAA 64971XSY5 0.68 5/3/2023 5/1/2028 1,767 4.330 4,000,000.00 3,505,320.00 3,446,200.00 Moodys-Aa1 S&P-AAA 672319CF5 0.24 1/27/2021 12/15/2025 899 1.168 1,430,000.00 1,667,380.00 1,411,896.20 Moodys-Aa1 S&P-AA 68607V3L7 0.13 5/4/2022 4/1/2027 1,371 3.321 750,000.00 750,000.00 714,225.00 Moodys-Aa2 S&P-AAA 738850SX5 0.21 10/16/2019 8/1/2024 398 2.042 1,235,000.00 1,235,000.00 1,191,886.15 NR S&P-AA- Municipal Bonds | 30 %
Bay Area Toll Authority 1.433 4/1/2027-21
Beverly Hills Public Financing Authority 1.147 6/1
Burbank CA Unified School District 1.367 8/1/2026
Ca State Health Facilities0.952 6/1/2025-20
Ca State Health Facilities Financing Authority 1.3
Ca State Health Facilities Financing Authority 3.0
Ca State Infrastructure & Econ Dev Bank Revenu
CA State University Revenue 1.138 11/1/2026-20
CA State University Revenue 1.142 11/1/2026-21
Connecticut Housing 2.047 5/15/2024
Florida State Board of Public Education 0.55 6/1/2
General Obligation Unltd 4.506 5/15/2028-23
Hawaii State 1.283 8/1/2026-21
Long Beach 4 5/15/2024
Maryland State 3.15 6/1/2026
Massachusetts State School Building Authority 1.13
Massachusetts State Special Obligation Revenue 3.6
New York State 2.36 2/15/2027-19
New York State Dormitory Authority 1.187 3/15/2026
New York Urban Development 2.35 3/15/2027-19
New York Urban Development 3.15 3/15/2027-17
NY Dormitory Authority 1.538 3/15/2027-21
NY Housing Development 1.161 5/1/2026
NYC Transitional Finance Authority 2.11 5/1/2026
NYC Transitional Finance Authority Revenue 1.55 5/
Oakland California Pension 4.676 12/15/2025-24
Oregon State Lottery Revenue 3.321 4/1/2027-22
Poway Unif SD 2.042 8/1/2024
San Diego Public Facilities Financing Authority 2.
79730CJL9 0.43 8/26/2022 8/1/2027 1,493 3.737 2,520,000.00 2,324,851.20 2,274,804.00 Moodys-Aa2 NR Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 San Francisco CA 3.038 1/1/2024 79766DNX3 0.08 2/26/2019 1/1/2024 185 3.038 450,000.00 450,000.00 443,821.50 Moodys-A1 S&P-A+ San Francisco Redev Agy Successor Agy 1.861 8/1/20 79770GJC1 0.51 12/17/2021 8/1/2026 1,128 1.550 3,000,000.00 3,041,430.00 2,676,960.00 NR S&P-AA Santa Monica-Malibu Unified School District 0.849 802498ZA6 0.14 4/20/2022 8/1/2026 1,128 3.039 810,000.00 739,287.00 718,186.50 Moodys-Aa1 S&P-AA+ South Gate Utility Authority 2.224 10/1/2024 83789TBQ1 0.17 12/18/2019 10/1/2024 459 2.224 1,000,000.00 1,000,000.00 961,170.00 NR S&P-AA- State of California 0.752 6/1/2024-20 13032UXL7 0.10 11/4/2020 6/1/2024 337 0.752 600,000.00 600,000.00 573,258.00 Moodys-Aa3 S&P-AA- State of Maine 4.75 6/1/2028 56052AJ49 0.06 6/22/2023 6/1/2028 1,798 4.641 325,000.00 326,553.50 328,045.25 Moodys-Aa2 S&P-AA Tennessee State School Bond Authority 1.515 9/15/2 8805573E1 0.51 5/9/2022 9/15/2026 1,173 3.450 3,000,000.00 2,766,420.00 2,707,230.00 Moodys-Aa1 S&P-AA+ Texas State 2.749 10/1/2023 8827237M5 0.51 11/1/2018 10/1/2023 93 3.106 3,000,000.00 2,951,460.00 2,978,820.00 Moodys-Aaa S&P-AAA Univ of California Revenues 3.309 5/15/2026-21 91412GXC4 0.33 1/28/2022 5/15/2026 1,050 1.830 1,900,000.00 2,015,577.00 1,814,158.00 Moodys-Aa2 S&P-AA University of California CA Revenues 1.316 5/15/20 91412HGF4 0.51 5/16/2022 5/15/2027 1,415 3.600 3,000,000.00 2,689,140.00 2,659,890.00 Moodys-Aa2 S&P-AA Utah State Transit Authority 1.411 12/15/2026-21 917567GA1 0.15 5/4/2022 12/15/2026 1,264 3.550 890,000.00 809,624.10 792,598.40 Moodys-Aa2 S&P-AA+ Utah State Transit Authority 1.411 12/15/2026-21 917567GA1 0.17 5/20/2022 12/15/2026 1,264 3.750 965,000.00 871,009.00 859,390.40 Moodys-Aa2 S&P-AA+ West Hollywood CA Lease Revenue 1.95 4/1/2027-20 95332RDK2 0.15 5/25/2022 4/1/2027 1,371 3.800 895,000.00 822,263.35 806,287.60 NR S&P-AA+ Wisconsin State 2.141 5/1/2027-27 97705MZM0 0.26 1/30/2023 5/1/2027 1,401 3.777 1,525,000.00 1,427,814.94 1,389,336.00 Moodys-Aa1 S&P-AA+ Wisconsin State 2.141 5/1/2027-27 97705MZD0 0.25 1/30/2023 5/1/2027 1,401 3.777 1,475,000.00 1,381,001.33 1,319,594.00 Moodys-Aa1 S&P-AA+ Sub Total / Average Municipal Bonds | 30 % 11.75 1,115 2.979 68,645,000.00 66,051,127.87 63,169,274.75 Supranational Obligations | 15 %
IADB 0.875 4/20/2026 4581X0DV7 0.51 4/20/2021 4/20/2026 1,025 0.940 3,000,000.00 2,990,490.00 2,706,330.00 Moodys-Aaa S&P-AAA IBRD Supranational 0.6 2/18/2026-22 45905U5Y6 0.51 2/18/2021 2/18/2026 964 0.600 3,000,000.00 3,000,000.00 2,673,330.00 Moodys-Aaa S&P-AAA IBRD Supranational 0.65 2/10/2026-21 459058JS3 0.51 2/10/2021 2/10/2026 956 0.650 3,000,000.00 3,000,000.00 2,680,260.00 Moodys-Aaa S&P-AAA Inter-American Devel BK 1.5 1/13/2027 4581X0EB0 0.51 1/13/2022 1/13/2027 1,293 1.530 3,000,000.00 2,995,680.00 2,706,330.00 Moodys-Aaa S&P-AAA International Finance Corp 2.65 6/24/2024 45950VRF5 0.51 8/19/2022 6/24/2024 360 3.451 3,000,000.00 2,957,279.76 2,914,560.00 Moodys-Aaa S&P-AAA Intl Bk Recon & Develop 0.875 7/15/2026 459058JX2 0.51 11/16/2021 7/15/2026 1,111 1.200 3,000,000.00 2,955,888.00 2,686,800.00 Moodys-Aaa S&P-AAA Intl Bk Recon & Develop 4 9/9/2027-24 45906M3G4 0.51 9/9/2022 9/9/2027 1,532 4.000 3,000,000.00 3,000,000.00 2,896,620.00 Moodys-Aaa S&P-AAA Intl Finance Corp 0.75 10/8/2026 45950KCX6 0.51 1/12/2022 10/8/2026 1,196 1.550 3,000,000.00 2,890,732.98 2,655,630.00 Moodys-Aaa S&P-AAA Sub Total / Average Supranational Obligations | 15 % 4.11 1,055 1.740 24,000,000.00 23,790,070.74 21,919,860.00 US Agency | 90 %
FFCB 1.54 11/30/2026-22 3133ENFN5 0.51 11/30/2021 11/30/2026 1,249 1.540 3,000,000.00 3,000,000.00 2,719,230.00 Moodys-Aaa S&P-AA+ FFCB 1.78 1/26/2027-23 3133ENLZ1 0.51 1/26/2022 1/26/2027 1,306 1.780 3,000,000.00 3,000,000.00 2,728,530.00 Moodys-Aaa S&P-AA+
FFCB 4.67 5/30/2028 3133EPLE3 0.51 5/30/2023 5/30/2028 1,796 4.670 3,000,000.00 3,000,000.00 2,935,290.00 Moodys-Aaa S&P-AA+ FFCB 4.89 12/28/2023-23 3133EN5G1 0.51 12/29/2022 12/28/2023 181 4.916 3,000,000.00 2,999,250.00 2,989,050.00 Moodys-Aaa S&P-AA+ FFCB 5 12/7/2023-23 3133EN3R9 0.51 12/7/2022 12/7/2023 160 5.000 3,000,000.00 3,000,000.00 2,991,300.00 Moodys-Aaa S&P-AA+ FFCB 5.33 12/20/2027-23 3133EN4K3 0.51 12/20/2022 12/20/2027 1,634 5.330 3,000,000.00 3,000,000.00 2,966,190.00 Moodys-Aaa S&P-AA+ FFCB 5.5 12/20/2027-23 3133EN4L1 0.51 12/20/2022 12/20/2027 1,634 5.523 3,000,000.00 2,997,000.00 2,972,070.00 Moodys-Aaa S&P-AA+ FHLB 0 2/6/2024 313384ST7 0.17 6/1/2023 2/6/2024 221 5.309 1,000,000.00 964,444.44 969,490.00 Moodys-Aaa S&P-AA+ FHLB 0.54 10/29/2025-21 3130AKCT1 0.51 11/6/2020 10/29/2025 852 0.571 3,000,000.00 2,995,500.00 2,717,520.00 Moodys-Aaa S&P-AA+ FHLB 0.6 1/28/2026-21 3130AKPC4 0.51 1/28/2021 1/28/2026 943 0.600 3,000,000.00 3,000,000.00 2,697,330.00 Moodys-Aaa S&P-AA+ FHLB 0.625 1/22/2026-21 3130AKQ74 0.51 1/22/2021 1/22/2026 937 0.625 3,000,000.00 3,000,000.00 2,700,630.00 Moodys-Aaa S&P-AA+ FHLB 0.65 2/26/2026-21 3130AKZ25 0.51 2/26/2021 2/26/2026 972 0.650 3,000,000.00 3,000,000.00 2,692,410.00 Moodys-Aaa S&P-AA+ FHLB 0.72 7/14/2025-23 3130AN4N7 0.17 3/3/2023 7/14/2025 745 5.102 1,000,000.00 903,560.00 918,150.00 Moodys-Aaa S&P-AA+ FHLB 0.75 2/24/2026-21 3130ALCV4 0.51 2/24/2021 2/24/2026 970 0.750 3,000,000.00 3,000,000.00 2,680,500.00 Moodys-Aaa S&P-AA+ FHLB 0.8 3/16/2026-21 3130ALDN1 0.51 3/16/2021 3/16/2026 990 0.800 3,000,000.00 3,000,000.00 2,699,130.00 Moodys-Aaa S&P-AA+ FHLB 0.85 5/27/2026-22 3130AMLF7 0.51 5/27/2021 5/27/2026 1,062 0.850 3,000,000.00 3,000,000.00 2,686,650.00 Moodys-Aaa S&P-AA+ FHLB 0.875 3/23/2026-21 3130ALGC2 0.51 3/23/2021 3/23/2026 997 0.875 3,000,000.00 3,000,000.00 2,703,270.00 Moodys-Aaa S&P-AA+ FHLB 0.9 8/26/2026-22 3130ANLZ1 0.51 8/26/2021 8/26/2026 1,153 0.900 3,000,000.00 3,000,000.00 2,673,000.00 Moodys-Aaa S&P-AA+ FHLB 0.92 9/30/2026-22 3130AP2P9 0.51 9/30/2021 9/30/2026 1,188 0.920 3,000,000.00 3,000,000.00 2,669,220.00 Moodys-Aaa S&P-AA+ FHLB 1 10/14/2026-22 3130AP6U4 0.51 10/14/2021 10/14/2026 1,202 1.000 3,000,000.00 3,000,000.00 2,678,580.00 Moodys-Aaa S&P-AA+ FHLB 1.01 9/23/2026-22 3130ANW71 0.51 9/23/2021 9/23/2026 1,181 1.010 3,000,000.00 3,000,000.00 2,678,460.00 Moodys-Aaa S&P-AA+ FHLB 1.05 6/26/2026-21 3130AMWT5 0.51 6/30/2021 6/26/2026 1,092 1.064 3,000,000.00 2,997,900.00 2,696,250.00 Moodys-Aaa S&P-AA+ Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 FHLB 1.08 10/14/2026-22 3130AP6Z3 0.51 10/14/202110/14/2026 1,202 1.080 3,000,000.003,000,000.002,685,690.00Moodys-AaaS&P-AA+ FHLB 1.1 10/13/2026-22 3130APB87 0.51 10/14/202110/13/2026 1,201 1.167 3,000,000.002,990,250.002,687,670.00Moodys-AaaS&P-AA+ FHLB 1.1 10/21/2026-22 3130APAY1 0.38 10/21/202110/21/2026 1,209 1.121 2,200,000.002,197,800.001,969,880.00Moodys-AaaS&P-AA+ FHLB 1.125 7/15/2026-21 3130AMYP1 0.51 7/15/2021 7/15/2026 1,111 1.125 3,000,000.003,000,000.002,699,940.00Moodys-AaaS&P-AA+ FHLB 1.15 10/26/2026-21 3130AP4H5 0.51 10/26/202110/26/2026 1,214 1.150 3,000,000.003,000,000.002,689,710.00Moodys-AaaS&P-AA+ FHLB 1.4 11/16/2026-22 3130APL37 0.51 11/16/202111/16/2026 1,235 1.400 3,000,000.003,000,000.002,709,030.00Moodys-AaaS&P-AA+ FHLB 1.45 11/23/2026-21 3130APPW9 0.51 11/23/202111/23/2026 1,242 1.450 3,000,000.003,000,000.002,712,180.00Moodys-AaaS&P-AA+ FHLB 1.5 11/23/2026-21 3130APVJ1 0.51 11/23/202111/23/2026 1,242 1.500 3,000,000.003,000,000.002,716,680.00Moodys-AaaS&P-AA+ FHLB 1.5 11/23/2026-21 3130APQB4 0.51 11/23/202111/23/2026 1,242 1.500 3,000,000.003,000,000.002,716,680.00Moodys-AaaS&P-AA+ FHLB 1.55 12/22/2026-22 3130AQ5C3 0.51 12/22/202112/22/2026 1,271 1.550 3,000,000.003,000,000.002,716,980.00Moodys-AaaS&P-AA+ FHLB 1.6 12/17/2026-22 3130APXT7 0.51 12/17/202112/17/2026 1,266 1.600 3,000,000.003,000,000.002,722,170.00Moodys-AaaS&P-AA+ FHLB 1.61 12/30/2026-22 3130AQ5P4 0.51 12/30/202112/30/2026 1,279 1.610 3,000,000.003,000,000.002,721,390.00Moodys-AaaS&P-AA+ FHLB 1.625 12/30/2026-22 3130AQAB9 0.51 12/30/202112/30/2026 1,279 1.625 3,000,000.003,000,000.002,722,770.00Moodys-AaaS&P-AA+ FHLB 1.8 1/14/2027 3130AQBS1 0.51 1/14/2022 1/14/2027 1,294 1.800 3,000,000.003,000,000.002,731,920.00Moodys-AaaS&P-AA+ FHLB 1.85 2/17/2027-22 3130AQNS8 0.51 2/17/2022 2/17/2027 1,328 1.850 3,000,000.003,000,000.002,707,320.00Moodys-AaaS&P-AA+ FHLB 1.9 2/17/2027-22 3130AQPE7 0.51 2/17/2022 2/17/2027 1,328 1.900 3,000,000.003,000,000.002,711,970.00Moodys-AaaS&P-AA+ FHLB 1.9 2/23/2027-23 3130AQTC7 0.51 2/23/2022 2/23/2027 1,334 1.900 3,000,000.003,000,000.002,711,070.00Moodys-AaaS&P-AA+ FHLB 2 2/25/2027-22 3130AQRH8 0.51 2/25/2022 2/25/2027 1,336 2.000 3,000,000.003,000,000.002,743,560.00Moodys-AaaS&P-AA+ FHLB 2 2/25/2027-22 3130AQRQ8 0.51 2/25/2022 2/25/2027 1,336 2.000 3,000,000.003,000,000.002,720,190.00Moodys-AaaS&P-AA+ FHLB 2.05 2/25/2027-22 3130AQUY7 0.51 2/25/2022 2/25/2027 1,336 2.050 3,000,000.003,000,000.002,748,000.00Moodys-AaaS&P-AA+ FHLB 2.14 2/25/2027-22 3130AQW58 0.41 2/25/2022 2/25/2027 1,336 2.203 2,400,000.002,392,800.002,204,976.00Moodys-AaaS&P-AA+ FHLB 2.2 3/29/2027-23 3130ARB34 0.51 3/29/2022 3/29/2027 1,368 2.200 3,000,000.003,000,000.002,761,830.00Moodys-AaaS&P-AA+ FHLB 2.2 3/4/2027-22 3130AQVH3 0.51 3/4/2022 3/4/2027 1,343 2.200 3,000,000.003,000,000.002,764,350.00Moodys-AaaS&P-AA+ FHLB 2.25 3/4/2027-22 3130AQX65 0.51 3/4/2022 3/4/2027 1,343 2.250 3,000,000.003,000,000.002,768,760.00Moodys-AaaS&P-AA+ FHLB 2.3 3/29/2027-23 3130ARBF7 0.51 3/29/2022 3/29/2027 1,368 2.300 3,000,000.003,000,000.002,770,860.00Moodys-AaaS&P-AA+ FHLB 2.5 2/25/2027-22 3130AQYG2 0.51 2/28/2022 2/25/2027 1,336 2.500 3,000,000.003,000,000.002,788,080.00Moodys-AaaS&P-AA+ FHLB 2.5 3/10/2027-22 3130AQYY3 0.51 3/10/2022 3/10/2027 1,349 2.500 3,000,000.003,000,000.002,790,540.00Moodys-AaaS&P-AA+ FHLB 2.6 3/25/2027-22 3130AR7E5 0.51 3/25/2022 3/25/2027 1,364 2.600 3,000,000.003,000,000.002,797,350.00Moodys-AaaS&P-AA+ FHLB 2.75 3/25/2027-22 3130ARAB7 0.51 3/30/2022 3/25/2027 1,364 2.750 3,000,000.003,000,000.002,810,160.00Moodys-AaaS&P-AA+ FHLB 2.75 3/8/2027-22 3130AQZT3 0.51 3/8/2022 3/8/2027 1,347 2.750 3,000,000.003,000,000.002,811,570.00Moodys-AaaS&P-AA+ FHLB 3 3/25/2027-22 3130ARDV0 0.51 4/8/2022 3/25/2027 1,364 3.000 3,000,000.003,000,000.002,830,500.00Moodys-AaaS&P-AA+ FHLB 3 4/20/2026-22 3130ARGN5 0.51 6/2/2022 4/20/2026 1,025 3.304 3,000,000.002,967,000.002,849,580.00Moodys-AaaS&P-AA+ FHLB 3 4/21/2027-22 3130ARGE5 0.51 4/21/2022 4/21/2027 1,391 3.000 3,000,000.003,000,000.002,832,180.00Moodys-AaaS&P-AA+ FHLB 3.5 4/28/2027-22 3130ARPB1 0.51 4/28/2022 4/28/2027 1,398 3.500 3,000,000.003,000,000.002,870,250.00Moodys-AaaS&P-AA+ FHLB 3.75 5/26/2027-23 3130ARYT2 0.51 5/26/2022 5/26/2027 1,426 3.750 3,000,000.003,000,000.002,883,300.00Moodys-AaaS&P-AA+ FHLB 4.875 6/14/2024 3130ATVC8 0.53 1/30/2023 6/14/2024 350 4.700 3,100,000.003,106,692.903,082,082.00Moodys-AaaS&P-AA+ FHLB 5 9/14/2027 3130AT3P0 0.51 9/28/2022 9/14/2027 1,537 5.000 3,000,000.003,000,000.002,950,710.00Moodys-AaaS&P-AA+ FHLB 5.05 2/22/2028-24 3130AUTL8 0.51 2/22/2023 2/22/2028 1,698 5.050 3,000,000.003,000,000.002,974,440.00Moodys-AaaS&P-AA+ FHLB 5.25 4/21/2028-23 3130AVNP3 0.43 5/18/2023 4/21/2028 1,757 5.296 2,500,000.002,495,000.002,462,325.00Moodys-AaaS&P-AA+ FHLB 5.55 3/8/2028-24 3130AV3V2 0.51 3/8/2023 3/8/2028 1,713 5.550 3,000,000.003,000,000.002,971,680.00Moodys-AaaS&P-AA+ FHLB 5.65 4/28/2028-23 3130AVSD5 0.51 4/28/2023 4/28/2028 1,764 5.650 3,000,000.003,000,000.002,971,230.00Moodys-AaaS&P-AA+ FHLB Step 8/12/2025-23 3130AKV78 0.17 3/3/2023 8/12/2025 774 5.102 1,000,000.00901,205.00 916,900.00Moodys-AaaS&P-AA+ FHLMC 0.375 9/23/2025 3137EAEX3 0.51 2/16/2022 9/23/2025 816 1.885 3,000,000.002,842,922.592,722,110.00Moodys-AaaS&P-AA+ FHLMC 0.625 10/27/2025-21 3134GW3X2 0.51 10/27/202010/27/2025 850 0.625 3,000,000.003,000,000.002,723,550.00Moodys-AaaS&P-AA+ FHLMC 0.65 11/26/2025-21 3134GXFA7 0.51 11/30/202011/26/2025 880 0.650 3,000,000.003,000,000.002,722,500.00Moodys-AaaS&P-AA+ FHLMC 0.7 6/10/2025-23 3134GVB56 0.17 3/3/2023 6/10/2025 711 5.102 1,000,000.00906,770.00 920,090.00Moodys-AaaS&P-AAA FHLMC 4 5/17/2027-22 3134GXSH8 0.51 5/17/2022 5/17/2027 1,417 4.000 3,000,000.003,000,000.002,900,040.00Moodys-AaaS&P-AA+ FHLMC 5.15 2/14/2025-24 3134GYJ29 0.51 2/14/2023 2/14/2025 595 5.150 3,000,000.003,000,000.002,973,540.00Moodys-AaaS&P-AA+ FHLMC 5.375 5/1/2025-23 3134GYQP0 0.51 5/1/2023 5/1/2025 671 5.375 3,000,000.003,000,000.002,978,850.00Moodys-AaaS&P-AA+ FHLMC 5.5 11/17/2025-23 3134GYQY1 0.51 5/17/202311/17/2025 871 5.500 3,000,000.003,000,000.002,981,670.00Moodys-AaaS&P-AA+ Description CUSIP/Ticker % of Portfolio Settlement Date Maturity Date Days To Maturity YTM @ Cost Face Amount/Shares Cost Value Market Value Credit Rating 1 Credit Rating 2 FHLMC 5.5 3/13/2025-24 3134GYML3 0.51 3/13/2023 3/13/2025 622 5.500 3,000,000.00 3,000,000.00 2,987,730.00 Moodys-Aaa S&P-AA+ FHLMC 5.65 9/15/2025-23 3134GYKY7 0.51 3/15/2023 9/15/2025 808 5.650 3,000,000.00 3,000,000.00 2,984,100.00 Moodys-Aaa S&P-AA+ FNMA 0.375 8/25/2025 3135GO5X7 0.51 3/15/2022 8/25/2025 787 2.050 3,000,000.00 2,833,704.00 2,729,850.00 Moodys-Aaa S&P-AA+ FNMA 0.56 11/17/2025-22 3135GA2Z3 0.51 11/17/2020 11/17/2025 871 0.560 3,000,000.00 3,000,000.00 2,718,750.00 Moodys-Aaa S&P-AA+ FNMA 0.65 11/18/2025-22 3135GA4P3 0.51 11/18/2020 11/18/2025 872 0.650 3,000,000.00 3,000,000.00 2,724,510.00 Moodys-Aaa S&P-AA+ Sub Total / Average US Agency | 90 % 37.86 1,163 2.520 221,200,000.00 220,491,798.93 205,637,993.00 US Treasury | No Limit
T-Note 0 9/19/2023 912797GT8 0.51 5/23/2023 9/19/2023 81 5.368 3,000,000.00 2,948,817.51 T-Note 0.25 7/31/2025 91282CAB7 0.51 3/29/2022 7/31/2025 762 2.605 3,000,000.00 2,775,234.38 S&P-AA+ T-Note 0.5 5/31/2027 912828ZS2 0.51 6/14/2022 5/31/2027 1,431 3.277 3,000,000.00 2,621,250.00 S&P-AA+ T-Note 1.5 8/15/2026 9128282A7 0.51 6/15/2022 8/15/2026 1,142 3.603 3,000,000.00 2,757,773.44 S&P-AA+ T-Note 2 8/15/2025 912828K74 0.51 4/7/2022 8/15/2025 777 2.752 3,000,000.00 2,928,046.88 S&P-AA+ T-Note 2.375 5/15/2027 912828X88 0.51 6/13/2022 5/15/2027 1,415 3.099 3,000,000.00 2,901,562.50 S&P-AA+ T-Note 2.75 6/30/2025 912828XZ8 0.51 3/22/2022 6/30/2025 731 2.351 3,000,000.00 3,037,500.00 S&P-AA+ T-Note 2.875 6/15/2025 91282CEU1 0.51 8/23/2022 6/15/2025 716 3.400 3,000,000.00 2,957,988.27 S&P-AA+ T-Note 3 6/30/2024 91282CEX5 0.51 8/8/2022 6/30/2024 366 3.251 3,000,000.00 2,986,230.47 S&P-AA+ T-Note 3 7/31/2024 91282CFA4 0.51 6/1/2023 7/31/2024 397 5.066 3,000,000.00 2,930,562.93 2,966,460.00 Moodys-Aaa
2,729,880.00 Moodys-Aaa
2,593,710.00 Moodys-Aaa
2,742,060.00 Moodys-Aaa
2,830,200.00 Moodys-Aaa
2,793,510.00 Moodys-Aaa
2,878,140.00 Moodys-Aaa
2,885,730.00 Moodys-Aaa
2,929,230.00 Moodys-Aaa
2,923,950.00 Moodys-Aaa S&P-AA+
Sub Total / Average US Treasury | No Limit 5.13 782 3.477 30,000,000.00 28,844,966.38 28,272,870.00 Total / Average 100 836 3.128 584,245,125.46 579,584,538.24 553,192,355.55 S&P-AA+

Burbank City CouncilSeptember 12, 2023

Burbank City Council
September 12, 2023