Dear City Council Members
Justin Hess, City Manager
Courtney Padgett, 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 PORTFOLIO OVERVIEW
The City must maintain $124 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 $331 million in liquidity, with $60 million in our account at the Morgan Stanl ey Institutional Liquidity Fund – Government Portfolio, $135 million in our account at the California Asset Management Program, $85 million in investments maturing within a year and $51 million in real estate taxes due in April and December.
The City Investment Pool ended December at $673 million, up from November’s balance of $641 million. Market value came in at 98.5% in December, flat from
98.5% in November. The weighted average yield of the portfolio at cost at the end of the month is 3.45%.
MARKET OUTLOOK
As widely expected, the Federal Reserve held rates steady in their meeting this week, after cutting 50 bps in September, and 25 bps each in November and
December. It was a unanimous vote and the Federal Open Market Committee’s statement explained their decision, stating that “the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated… The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of i
ts dual mandate.”
Inflationary pressures are still lingering with the latest Consumer Price Index coming in at 2.9% in December, accelerating for the third straight month. While core inflation, which excludes food and energy, did come in slower th an expected at 3.2%, overall progress against inflation seems to have stalled as numbers consistently remain above the Fed’s 2% target. Consumers continue to see little relief as prices for staples such as eggs and coffee hover around historic highs. The job market has also continued to be resilient with the economy adding 256,000 jobs in December, significantly above forecasts. The unemployment rate has now CITY OF BURBANK – OFFICE OF THE CITY TREASURER
275 East
Olive Avenue, PO Box 7145, Burbank, CA 91510-7145
(818)23
8 -5880
City of Burbank Investment Portfolio Report for December 2024 Dated January 29, 2025
ATTACHMENT 1
edged back down to 4.1%, which has come from more people finding work rather than a decrease in the number of people looking for jobs. Services, as opposed to manufacturing, continue to fuel most of the job gains with people finding employment primarily in healthcare, retail, leisure and hospitality, and business and government services. For those who are unemployed, however, it has taken increasingly longer to find work, especially for white-collar office jobs. There is now just about one job opening for each unemployed person, compared to the peak of two job openings per unemployed person in 2022. The technology and finance industries have been particularly impacted with the hiring rate down about 30% compared to pre-pandemic levels. Wage growth has also declined which means that employers feel less pressure to attract or retain talent. Overall, the US economy added 2.2 million jobs in 2024, double what economists forecasted at the beginning of the year.
There is a lot of uncertainty surrounding policies of the new administration and how they may impact inflation, the labor market, and the overall economy.
Proposed tariffs, tax cuts, and deportations may fuel inflation, but it is unclear by how much, if ever. Businesses have expressed optimism that less regulation will lead to higher economic growth. Beyond government policies, developments in artificial intelligence may increase business productivity and investments but may also negatively impact the job market in the long run. Unexpected natural disasters such as the wildfires in Los Angeles have also resulted in economic losses and severely impacted the housing, insurance, and other related industries. We continue to closely monitor these developments, but our ample liquidity and overall cash levels provide us with a comfortable cushion, and we are prepared for any adjustments as necessary.
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
Asset Category | Policy Maximum
Face Amount/Shares
Market Value
Book Value
% of Portfolio MV
YTM @ Cost
Days To Maturity
CD | Negotiable | 30 %
52,185,000 52,652,592 52,185,000 7.82
4.57 759
Joint Powers Authority Pool | 25 %
134,528,506 134,528,507 134,528,506 19.98
4.73 1
Medium Term Note | 30 %
129,662,000 124,898,516 126,411,857 18.55 3.62 1,054
Money Market | 20 %
60,013,511 60,013,511 60,013,511 8.91
4.49 1
Municipal Bonds | 30 %
77,635,000 74,607,813 75,770,367
11.08 3.47 907
Supranational Obligations | 15 %
33,000,000 31,905,090 32,852,187 4.74
2.52 956
US Agency | 90 %
181,600,000 174,330,216 181,401,907 25.89
1.90 676
US Treasury | No Limit
21,000,000 20,338,410 20,620,755
3.02 3.01
446
Total / Average
689,624,017 673,274,655 683,784,090
100.00
3.45 595
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 | December 2024
Date
Krystle Ang Palmer, City Treasurer
LAIF | Successor Agency
LAIF | Housing Authority 600,000
Total
600,000
692,020,017 675,669,749 686,180,090
599,773
1,796,000 1,795,321 1,796,000
1/29/25
Asset Category Allocation
Asset Category | Policy Maximum
Market Value
11/30/2024
% of Portfolio
11/30/2024
Market Value
12/31/2024
% of Portfolio
12/31/2024
CD | Negotiable | 30 %
53,064,543
8.28 52,652,592
7.82 Joint Powers Authority Pool | 25 %
129,499,914
20.20 134,528,507
19.98 Medium Term Note | 30 %
116,252,231
18.14 124,898,516
18.55 Money Market | 20 %
40,306,956
6.29 60,013,511
8.91 Municipal Bonds | 30 %
75,471,372
11.77 74,607,813
11.08 Supranational Obligations | 15 %
32,020,440
5.00 31,905,090
4.74 US Agency | 90 %
174,084,158
27.16 174,330,216
25.89 US Treasury | No Limit
20,304,180
3.17 20,338,410
3.02 Total / Average
641,003,794
100.00
673,274,655
100.00
Portfolio Holdings as of 11/30/2024
Portfolio Holdings as of 12/31/2024
Begin Date: 11/30/2024, End Date: 12/31/2024
Monthly Treasurer's Report
Distribution by Asset Category - Market Value
City of Burbank
Maturity Range Allocation
Maturity Range
Market Value
11/30/2024
% of Portfolio
11/30/2024
Market Value
12/31/2024
% of Portfolio
12/31/2024
0-1 Month
172,296,958
26.88 198,274,179
29.45 1-3 Months
6,718,243
1.05 14,069,467
2.09 3-6 Months
20,354,114
3.18 20,408,300
3.03 6-9 Months
33,671,259
5.25 27,293,767
4.05 9-12 Months
23,058,129
3.60 19,715,760
2.93 1-2 Years
126,783,223
19.78 138,280,355
20.54 2-3 Years
133,405,320
20.81 120,260,104
17.86 3-4 Years
48,585,877
7.58 48,643,613
7.22 4-5 Years
76,130,671
11.88 86,329,111
12.82 Total / Average
641,003,794
100.00
673,274,655
100.00
Portfolio Holdings
Begin Date: 11/30/2024, End Date: 12/31/2024
Monthly Treasurer's Report
Distribution by Maturity Range - Market Value
City of Burbank
202,312 1,238,389 1,110,447
Joint Powers Authority Pool | 25 % 528,593 3,041,180 1,323,652 314,196 1,595,452 1,258,153
Money Market Fund | 20 % 206,555 980,502 966,584
163,863 912,802 731,432
66,521 354,182 179,507
274,977 1,956,145 2,642,598
31,132 192,018 274,478
1,788,148
YTM@Cost 3.45% TRR@BV 3.51% TRR@BV 3.24%
Income Summary
Begin Date: 11/30/2024, End Date: 12/31/2024
City of Burbank
Monthly Treasurer's Report
Supranational Obligations | 15 %
Asset Category Allocation
Asset Category | Policy Maximum December 2024 | MTD December 2024 | Fiscal YTD US Agency | 90 %
Medium Term Note | 30 %
Municipal Bonds | 30 %
December 2023 | Fiscal YTD
CD | Negotiable | 30 %
10,270,669 8,486,851
US Treasury | No Limit
The chart to the left shows relevant rates (Money
Market Fund, CAMP, the 12-month moving
average of the 2-year treasury, and portfolio
current yield) as of
December 31, 2024, as well as
current treasury yields and those from a year ago.
KEY
City of Burbank
Credit Ratings | Medium Term Notes
End Date: 12/31/24 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
3,000,000 01/23/2025 AA1
Face Amount/Shares Maturity Date
3,000,000 02/01/2025 A+
4,883,000 03/03/2025 A+
A1
Aa3
1,000,000 03/13/2025 A
2,000,000 03/22/2025 A+
A1
A1
2,000,000 03/25/2025 Baa1 BBB
3,000,000 08/18/2025 Aa3 A
3,674,000 05/20/2025 A2 A
3,000,000 07/16/2026 Aa3 AA+
3,000,000 01/15/2026 Aaa AA+
1,995,000 07/16/2026 A 1 A+
3,000,000 08/12/2026
A
a3 AA-
1,228,000 0 9/14/2026 Aa3 AA-
3,000,000 07/01/2026 A aa AAA
A2 A
3 ,000,000 0 1/08/2027 A2 A
3,000,000 09/01/2026
2,000,000 01/11/202 7 Aaa AA+
3,000,000 01/15/2027 A2 A
2,000,000 01 /11/2027 Aa3 AA-
2,000,000 01/
14/2027 Aa3 AA-
3,000,000 0 3/15/2027 Aa2 AA
3,000,000 06/03/2027 A 1 AA
2,000,000 04/20/2028 A1 A+
3,000,000 05/30/2028 Aaa AA+
3,000,000 05/15/2028 Aa3 AA-
(
Neg)
(Neg)
(Neg)
2,000,000 0 9/08/2028 A1 A+
3,000,000 0 9/15/2028 A2 A
2,000,000 09/11/2028 A1 A+
3 ,000,000 10/02/2028 Aa1 AA+
(Neg)
(-) (-)
(-) (-)
3,000,000 03/08/2029 Aa2 AA
3 ,000,000 04/01/2029 Aa2 AA-
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
Met Life Global
Northwest Mutual Global
Nestle Holdings
Target Corp
Berkshire Hathaway
Amazon
Mars Inc
Meta Platforms INC
National Securites Clearing
Unilever Capital Corp
Toyota Motor Credit Corp
Home Depot
Guardian Life Global Funding
Toyota Motor Credit Corp
Roche Holdings INC
Nestle Capital Corp
University of Chicago
John Deere Capital Corp
2,000,000 0 3/12/2029 Aa3 AA-
2,
882,000 0 1/05/2029 A1 A+
3,000,000 04/18/2029 A1 A
KEY
City of Burbank
Credit Ratings | Medium Term Notes
End Date: 12/31/24 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 Face Amount/Shares Maturity Date
3,000,000 04/25/2029 A2 A
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
08/15/2029
09/01/2029
09/01/2029
09/04/2029
09/06/2029
09/11/2029
A2 A
A2 A
A1 A+
Aa3 A+
A2 A
Aaa AA+
Kimberly-Clark Corp
Mercedes-Benz Finance
Honeywell International
United Parcel Service
3,000,000 10/04/2029 Aa3 AA-
Texas Instruments INC
Coca Cola Co
Apple INC
Novartis Capital Corp
Paccar Financial Corp
Accenture Capital INC
Hershey Company
3,000,000 09/01/2029 A2 AWalt Disney Co
3,000,000
3,000,000
09/18/2029
09/26/2029
Aa3 AA-
A1 A+
3,000,000 11/15/2029 A1 A
Issuer Face Amount/Shares Moody's S & P
KEY
Credit Ratings | Municipal Bonds
End Date: 12/31/24Monthly 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 06/01/2025 AAA AAA
06/01/2025 Aa3 AA-1,000,000
500,000 10/01/2025 NR AAA
1,430,000 12/15/2025 Aa2 AA+
1,100,000 05/01/2026 Aa1 AAA
750,000 03/15/2026 NR AA+
Ca State Health Facilities
Florida State Board Pub Edu
CA Infrastructure & Econ Dev
Oakland California Pension
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 /01/2026 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
1,800,000 08/15/2026 Aa1 AA+
810,000 08/01/2026 Aa1 AA+
3 ,000,000 02/15/2027 Aa1 AA+
3 ,000,000 09/15/2026 Aa1 AA+
1,855,000 12/15/2026 Aa2 AA+
1,040,000 11/01/2026 Aa2 AA -
2,365,000 03 /15/2027 NR AA+
2,000,000 0 3/15/2027 Aa1 NR
1,125,000 03 /15/2027 Aa1 NR
NY Urban Development
NY Urban Development
NY Dormitory Authority
750,000 04/01/2027 Aa2 AAA
895,000 04/01/2027 NR AA+
Aa1 AA+ 1,525,000 05/01/2027
815,000 04 /27/2027 Aa3 AA
Aa1 AA+ 1,475,000 05/0 1/2027
Bay Area Toll Authority
Oregon State Lottery Revenue
West Hollywood CA Lease Revenue
Wisconsin State
Wisconsin State
3,000,000 05/15/2027 Aa2 AAUniversity of California Rev enues 1,255,000 06/01/2027 Aa3 AA-CA State Health Facilities
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
2,000,000 07/15/2027 Aa1 NR
2,520,000 08/01/2027 Aa2 NR
4,000,000 05/01/2028 Aa1 AAA
1,000,000 05/15/2028 Aa3 AA-
325,000 06/01/2028 Aa2 AA
3,150,000 06/15/2028 Aa3 AA-
400,000 08/01/2028 Aa1 AA
450,000 05/15/2028 Aa2 AA
900,000 04/01/2029 Aa3 AA+
Massachusetts State Special Obligation
San Diego Public Financing
NVC Transitional Finance Authority Revenue
State of Connecticut
University of California Revenues
State of Maine
State of Connecticut
Santa Barbara USD
CA State Public Works Board
Oregon State Lottery
Colorado State Housing & Finance Authority
State of Oregon
University of California Revenues
Santa Monica Malibu Revenues
State of California
810,000 04/01/2028 Aa2 AAA
1,000,000 05/01/2029 Aa1 AA+
4,330,000 05/15/2029 Aa3 AA-
2,665,000 05/01/2029 Aaa AAA
2,200,000 08/01/2029 Aa1 AA+
3,000,000 09/01/2029 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 1,214 4.550 245,000.00 245,000.00 249,160.10 NCUA Insured NCUA Insured Access of Louis FCU 4.9 5/5/2025 00436NAC7 0.04 5/5/2023 5/5/2025 125 4.900 245,000.00 245,000.00 245,514.50 NCUA Insured NCUA Insured Advantage Federal Credit 5.3 12/31/2025 00790JAD4 0.04 8/31/2023 12/31/2025 365 5.300 245,000.00 245,000.00 247,832.20 NCUA Insured NCUA Insured Advia Credit Union 5 9/27/2028 00782JAC6 0.04 9/27/2023 9/27/2028 1,366 5.000 245,000.00 245,000.00 253,467.20 NCUA Insured NCUA Insured Affinity Bank 4.9 3/17/2028 00833JAQ4 0.04 3/17/2023 3/17/2028 1,172 4.900 245,000.00 245,000.00 251,605.20 FDIC Insured FDIC Insured Alaska USA Federal Credit Union 4.9 1/30/2025 011852AB6 0.04 1/30/2023 1/30/2025 30 4.900 245,000.00 245,000.00 245,122.50 NCUA Insured NCUA Insured All In Federal Credit Union 4.6 2/17/2028 01664MAE6 0.04 2/17/2023 2/17/2028 1,143 4.600 245,000.00 245,000.00 249,287.50 NCUA Insured NCUA Insured Alliant Credit Union 5 1/30/2026 01882MAE2 0.04 1/30/2023 1/30/2026 395 5.000 245,000.00 245,000.00 247,334.85 NCUA Insured NCUA Insured Altaone Federal Credit 4.25 8/15/2029 02157RAB3 0.04 8/15/2024 8/15/2029 1,688 4.250 245,000.00 245,000.00 247,565.15 NCUA Insured NCUA Insured Altra Federal Credit Union 5.1 6/9/2025 02208XAE3 0.04 6/9/2023 6/9/2025 160 5.100 245,000.00 245,000.00 245,928.55 FDIC Insured FDIC Insured Amerant Bank NA 4.65 9/8/2028 02357QCF2 0.04 9/8/2023 9/8/2028 1,347 4.650 245,000.00 245,000.00 250,421.85 FDIC Insured FDIC Insured American Express National Bank 2 3/9/2027 02589ABQ4 0.04 3/9/2022 3/9/2027 798 2.000 245,000.00 245,000.00 234,756.55 FDIC Insured FDIC Insured American First Credit Union 4.25 4/27/2028 02616ABY4 0.04 4/27/2023 4/27/2028 1,213 4.250 245,000.00 245,000.00 246,874.25 NCUA Insured NCUA Insured AmeriCU Credit Union 5.7 10/14/2025 03065QAR9 0.04 10/12/2023 10/14/2025 287 5.700 245,000.00 245,000.00 247,947.35 NCUA Insured NCUA Insured Arize Federal Credit Union 5.6 9/29/2025 04046AAA3 0.04 9/29/2023 9/29/2025 272 5.600 245,000.00 245,000.00 247,606.80 NCUA Insured NCUA Insured Asian Bank 4.2 3/14/2029 04518XAH7 0.04 3/14/2024 3/14/2029 1,534 4.200 245,000.00 245,000.00 246,837.50 FDIC Insured FDIC Insured Atlantic Union Bank 5.05 7/17/2025 04911LAN3 0.04 7/17/2023 7/17/2025 198 5.050 245,000.00 245,000.00 246,021.65 FDIC Insured FDIC Insured Auburn University Credit Union 4.9 5/22/2025 05059MAA8 0.04 5/22/2023 5/22/2025 142 4.900 245,000.00 245,000.00 245,612.50 NCUA Insured NCUA Insured Austin Telco FCU 5.05 11/27/2026 052392CC9 0.04 11/28/2022 11/27/2026 696 5.050 245,000.00 245,000.00 249,581.50 NCUA Insured NCUA Insured Bank Five Nine 4.65 3/20/2028 062119BK7 0.04 3/20/2023 3/20/2028 1,175 4.650 245,000.00 245,000.00 249,775.05 FDIC Insured FDIC Insured Bank Hapoalim B.M. NY 4.6 5/21/2029 06251A6Z8 0.04 5/21/2024 5/21/2029 1,602 4.600 245,000.00 245,000.00 250,826.10 FDIC Insured FDIC Insured Bank of New York Mellon NA 4.5 9/7/2028 05584CJJ6 0.04 9/7/2023 9/7/2028 1,346 4.500 245,000.00 245,000.00 249,113.55 FDIC Insured FDIC Insured Bank of Perry County 4.25 5/31/2028 06425KCT4 0.04 5/31/2023 5/31/2028 1,247 4.250 245,000.00 245,000.00 253,347.15 FDIC Insured FDIC Insured Bank of the Sierra 4.5 8/18/2028 064860MJ5 0.04 8/18/2023 8/18/2028 1,326 4.500 245,000.00 245,000.00 248,973.90 FDIC Insured FDIC Insured Bankers Bank Madison WI 4.25 11/24/2027 06610RBZ1 0.04 5/24/2023 11/24/2027 1,058 4.250 245,000.00 245,000.00 246,636.60 FDIC Insured FDIC Insured Bankwell Bank 5.05 7/14/2025 06654BFH9 0.04 7/14/2023 7/14/2025 195 5.050 245,000.00 245,000.00 246,004.50 FDIC Insured FDIC Insured Barclays Bank 1.95 2/23/2027 06740KNY9 0.04 2/23/2022 2/23/2027 784 1.950 245,000.00 245,000.00 234,638.95 FDIC Insured FDIC Insured Baxter Credit Union 5 11/30/2026 07181JAV6 0.04 11/28/2022 11/30/2026 699 5.000 245,000.00 245,000.00 249,410.00 NCUA Insured NCUA Insured Beal Bank 2.05 2/24/2027 07371CH69 0.04 3/2/2022 2/24/2027 785 2.050 245,000.00 245,000.00 235,177.95 FDIC Insured FDIC Insured Beal Bank 2.05 2/24/2027 07371AYT4 0.04 3/2/2022 2/24/2027 785 2.050 245,000.00 245,000.00 235,177.95 FDIC Insured FDIC Insured BMO Harris Bank NA 4.5 5/16/2028 05600XQE3 0.04 5/16/2023 5/16/2028 1,232 4.500 245,000.00 245,000.00 248,795.05 FDIC Insured FDIC Insured BMW Bank of North America 2.75 4/22/2026 05580AM92 0.04 4/22/2022 4/22/2026 477 2.750 245,000.00 245,000.00 240,817.85 FDIC Insured FDIC Insured Brentwood Bank 5 7/28/2025 107219BM8 0.04 7/28/2023 7/28/2025 209 5.000 245,000.00 245,000.00 246,141.70 FDIC Insured FDIC Insured Bridgewater Bank Bloom MN 4.8 3/29/2028 108622NK3 0.04 3/29/2023 3/29/2028 1,184 4.800 245,000.00 245,000.00 250,926.55 FDIC Insured FDIC Insured Business First Bank 4.75 5/12/2025 098079AM8 0.04 5/10/2023 5/12/2025 132 4.750 245,000.00 245,000.00 245,423.85 FDIC Insured FDIC Insured California Credit Union 5.4 7/21/2025 130162AW0 0.04 7/19/2023 7/21/2025 202 5.400 245,000.00 245,000.00 246,543.50 NCUA Insured FDIC Insured Canton Co-Operative Bank 5 7/21/2025 138138AB8 0.04 7/21/2023 7/21/2025 202 5.000 245,000.00 245,000.00 246,100.05 FDIC Insured FDIC Insured Capital One 2.8 4/20/2027 14042RQS3 0.04 4/20/2022 4/20/2027 840 2.800 245,000.00 245,000.00 238,492.80 FDIC Insured FDIC Insured Carter Federal CU 5 6/2/2025 14622LAL6 0.04 5/31/2023 6/2/2025 153 5.000 245,000.00 245,000.00 245,842.80 NCUA Insured NCUA Insured Celtic Bank 4.4 4/19/2028 15118RG50 0.04 4/19/2023 4/19/2028 1,205 4.400 245,000.00 245,000.00 247,996.35 FDIC Insured FDIC Insured City of Burbank
Portfolio Position Detail Report
Monthly Treasurer's Report
12/31/2024
Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Central Bank 4 5/12/2028 152577BN1 0.04 5/12/2023 5/12/2028 1,228 4.000 245,000.00 245,000.00 244,973.05FDIC InsuredFDIC Insured Central State Bank Iowa 4.4 6/21/202815523RDT0 0.04 6/21/2023 6/21/2028 1,268 4.400 245,000.00 245,000.00 254,317.35FDIC InsuredFDIC Insured Centris Federal Credit Union 5 5/24/202515643VAB8 0.04 5/24/2023 5/24/2025 144 5.000 245,000.00 245,000.00 245,742.35NCUA InsuredNCUA Insured Chartway Fed Credit Union 5.25 7/14/202516141BAF8 0.04 7/12/2023 7/14/2025 195 5.250 245,000.00 245,000.00 246,381.80NCUA InsuredNCUA Insured CIBC Bank USA 4.75 3/24/2028 12547CAT5 0.04 3/24/2023 3/24/2028 1,179 4.750 245,000.00 245,000.00 250,470.85FDIC InsuredFDIC Insured Citizens State Bank of La Crosse 4.7 3/24/2028176688DA4 0.04 3/24/2023 3/24/2028 1,179 4.700 245,000.00 245,000.00 250,162.15FDIC InsuredFDIC Insured City Bank & Trust 4.7 5/12/2025 17764PAM6 0.04 5/12/2023 5/12/2025 132 4.700 245,000.00 245,000.00 245,362.60FDIC InsuredFDIC Insured City National Bank Beverly Hills 4.9 11/24/2025 178180GS8 0.04 11/23/202211/24/2025 328 4.900 245,000.00 245,000.00 246,751.75NCUA InsuredNCUA Insured Claremont Savings Bank 5.05 7/28/2025180227AN0 0.04 7/26/2023 7/28/2025 209 5.050 245,000.00 245,000.00 246,237.25FDIC InsuredFDIC Insured Clearpath Federal Credit Union 5.5 6/6/202518507MAC5 0.04 12/8/2023 6/6/2025 157 5.500 245,000.00 245,000.00 246,359.75NCUA InsuredNCUA Insured Clearview Credit Union 5.5 9/8/2025 18508CAA0 0.04 9/8/2023 9/8/2025 251 5.500 245,000.00 245,000.00 247,224.60NCUA InsuredNCUA Insured CME Federal Credit Union 5.5 9/12/202512574EAC4 0.04 9/12/2023 9/12/2025 255 5.500 245,000.00 245,000.00 247,263.80NCUA InsuredNCUA Insured CMTY Bank & Trust Waco TX 4.75 5/30/2025 20347MAP6 0.04 5/31/2023 5/30/2025 150 4.750 245,000.00 245,000.00 245,497.35FDIC InsuredFDIC Insured Comenity Capital Bank 2.65 4/14/202720033A3A2 0.04 4/14/2022 4/14/2027 834 2.650 245,000.00 245,000.00 237,711.25FDIC InsuredFDIC Insured Commercial Bank Harrogate 5.05 7/18/202520143PEU0 0.04 7/18/2023 7/18/2025 199 5.050 245,000.00 245,000.00 246,146.60FDIC InsuredFDIC Insured Community First Bank 4.75 5/19/202520368TDK3 0.04 5/19/2023 5/19/2025 139 4.750 245,000.00 245,000.00 245,455.70FDIC InsuredFDIC Insured Communitywide FCU 5.25 8/29/2025 20416TBD3 0.04 8/31/2023 8/29/2025 241 5.250 245,000.00 245,000.00 246,761.55NCUA InsuredNCUA Insured Connex Credit Union 3.5 8/29/2025 208212AY6 0.04 8/31/2022 8/29/2025 241 3.500 245,000.00 245,000.00 243,995.50NCUA InsuredNCUA Insured Connexus Credit Union 5.15 6/23/202520825WBR0 0.04 6/21/2023 6/23/2025 174 5.150 245,000.00 245,000.00 246,129.45NCUA InsuredNCUA Insured Consumers Federal Credit Union 5.1 10/16/202821056RAA7 0.04 10/16/202310/16/2028 1,385 5.100 245,000.00 245,000.00 254,449.65NCUA InsuredNCUA Insured Cornerstone Bank 4.8 5/16/2025 219232CU7 0.04 5/16/2023 5/16/2025 136 4.800 245,000.00 245,000.00 245,485.10FDIC InsuredFDIC Insured Cross River Bank 4.85 5/19/2025 227563CJ0 0.04 5/19/2023 5/19/2025 139 4.850 245,000.00 245,000.00 245,531.65FDIC InsuredFDIC Insured Customers Bank 4.45 5/31/2028 23204HNZ7 0.04 5/31/2023 5/31/2028 1,247 4.450 245,000.00 245,000.00 253,205.05FDIC InsuredFDIC Insured CY Fair Federal Credit Union 4.5 5/12/202823248UAB3 0.04 5/12/2023 5/12/2028 1,228 4.500 245,000.00 245,000.00 248,822.00NCUA InsuredNCUA Insured Delta National Bank and Trust NY 2 2/25/2027 24773RCR4 0.04 3/9/2022 2/25/2027 786 2.000 245,000.00 245,000.00 234,915.80FDIC InsuredFDIC Insured Department of Commerce 5 7/26/202824951TAZ8 0.04 7/26/2023 7/26/2028 1,303 5.000 245,000.00 245,000.00 253,109.50FDIC InsuredFDIC Insured Direct Federal Credit Union 5.6 11/20/2025 25460FEH5 0.04 11/20/202311/20/2025 324 5.600 245,000.00 245,000.00 248,113.95NCUA InsuredNCUA Insured Discover Bank 4.45 10/18/2027 254673W51 0.04 10/18/202210/18/2027 1,021 4.450 245,000.00 245,000.00 247,802.80FDIC InsuredFDIC Insured Dort Financial Credit 4.35 5/24/2028 25844MAW8 0.04 5/24/2023 5/24/2028 1,240 4.350 245,000.00 245,000.00 247,670.50NCUA InsuredNCUA Insured Eaglebank 4.8 5/19/2025 27002YFW1 0.04 5/19/2023 5/19/2025 139 4.800 245,000.00 245,000.00 245,502.25FDIC InsuredFDIC Insured Eaglemark Savings Bank 2 3/9/2027 27004PCN1 0.04 3/9/2022 3/9/2027 798 2.000 245,000.00 245,000.00 234,756.55FDIC InsuredFDIC Insured Empower Federal Credit Union 5.1 9/29/2028291916AB0 0.04 9/29/2023 9/29/2028 1,368 5.100 245,000.00 245,000.00 254,329.60NCUA InsuredNCUA Insured Encompass Niagara Credit Union 5 6/13/202529259RAK3 0.04 6/13/2023 6/13/2025 164 5.000 245,000.00 245,000.00 245,850.15NCUA InsuredNCUA Insured Enterprise Bank PA 4.25 5/19/2028 29367RMN3 0.04 5/19/2023 5/19/2028 1,235 4.250 245,000.00 245,000.00 246,908.55FDIC InsuredFDIC Insured Essential Federal Credit 5.5 9/22/202529669XAR9 0.04 9/20/2023 9/22/2025 265 5.500 245,000.00 245,000.00 247,396.10NCUA InsuredNCUA Insured Farmers & Merchants Bank 4.4 7/5/202930781JBU3 0.04 7/5/2024 7/5/2029 1,647 4.400 245,000.00 245,000.00 249,010.65FDIC InsuredFDIC Insured Farmers Insurance Group 5.25 7/21/202530960QAP2 0.04 7/21/2023 7/21/2025 202 5.250 245,000.00 245,000.00 246,435.70FDIC InsuredFDIC Insured Federal Savings Bank 4.5 6/28/2028 313812EG0 0.04 6/28/2023 6/28/2028 1,275 4.500 245,000.00 245,000.00 254,234.05FDIC InsuredFDIC Insured First Bank Elk River 4.4 6/30/2028 31911KAK4 0.04 6/30/2023 6/30/2028 1,277 4.400 245,000.00 245,000.00 253,185.45FDIC InsuredFDIC Insured First Central Credit Union 5.6 10/14/202531944KAA7 0.04 10/11/2023 10/14/2025 287 5.600 245,000.00 245,000.00 247,758.70NCUA InsuredNCUA Insured First Choice FCU 5 5/27/2025 31949HAA9 0.04 5/25/2023 5/27/2025 147 5.000 245,000.00 245,000.00 245,742.35NCUA InsuredNCUA Insured First Family Federal Credit Union 4.85 1/17/202532014RAA5 0.04 1/19/2023 1/17/2025 17 4.850 245,000.00 245,000.00 245,056.35NCUA InsuredNCUA Insured First Financial 4.45 2/8/2028 32024DAC0 0.04 2/8/2023 2/8/2028 1,134 4.450 245,000.00 245,000.00 248,185.00FDIC InsuredFDIC Insured First Foundation Bank 4.7 5/12/2025 32026UM52 0.04 5/12/2023 5/12/2025 132 4.700 245,000.00 245,000.00 245,362.60FDIC InsuredFDIC Insured First Guaranty Bank 4.5 8/4/2028 320437AD8 0.04 8/4/2023 8/4/2028 1,312 4.500 245,000.00 245,000.00 249,064.55FDIC InsuredFDIC Insured First National Bank of America 4.5 7/21/2028 32110YC45 0.04 7/21/2023 7/21/2028 1,298 4.500 245,000.00 245,000.00 255,459.05FDIC InsuredFDIC Insured First National Bank of America Michigan 4.6 9/22/232114VCM7 0.04 9/22/2023 9/22/2028 1,361 4.600 245,000.00 245,000.00 250,051.90FDIC InsuredFDIC Insured First Peoples Bank Georgia 4.75 5/19/202533609PAZ3 0.04 5/19/2023 5/19/2025 139 4.750 245,000.00 245,000.00 245,455.70FDIC InsuredFDIC Insured First Premier Bank 3.65 9/26/2029 33610RVT7 0.04 9/26/2024 9/26/2029 1,730 3.650 245,000.00 245,000.00 241,298.05FDIC InsuredFDIC Insured First Western Bank & Trust 4.75 5/12/2025 33749VBP2 0.04 5/10/2023 5/12/2025 132 4.750 245,000.00 245,000.00 245,423.85FDIC InsuredFDIC Insured Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Flagler Bank Corp 4.9 5/27/2025 338386AB1 0.04 5/26/2023 5/27/2025 147 4.900 245,000.00 245,000.00 245,641.90FDIC InsuredFDIC Insured Flagstar Bank N.A. 5.25 4/24/2025 33847GAK8 0.04 3/30/2023 4/24/2025 114 5.250 245,000.00 245,000.00 245,722.75FDIC InsuredFDIC Insured Floridacentral Credit Union 5.35 8/25/2025340577AA3 0.04 8/25/2023 8/25/2025 237 5.350 245,000.00 245,000.00 246,862.00NCUA InsuredNCUA Insured FNCB Bank 4 5/8/2028 30257YBT8 0.04 5/8/2023 5/8/2028 1,224 4.000 245,000.00 245,000.00 244,963.25FDIC InsuredFDIC Insured Freedom Northwest CU 5.5 8/30/2028356436AN5 0.04 8/30/2023 8/30/2028 1,338 5.500 245,000.00 245,000.00 246,100.05NCUA InsuredNCUA Insured Genoa Banking Company 4.05 5/19/2028372348DB5 0.04 5/19/2023 5/19/2028 1,235 4.050 245,000.00 245,000.00 245,360.15FDIC InsuredFDIC Insured Gesa Credit Union 5.5 7/31/2025 37424PAG9 0.04 7/31/2023 7/31/2025 212 5.500 245,000.00 245,000.00 246,893.85NCUA InsuredNCUA Insured Grand River Bank MI 5 7/18/2025 38644ACQ0 0.04 7/18/2023 7/18/2025 199 5.000 245,000.00 245,000.00 246,080.45FDIC InsuredFDIC Insured Great Lakes Credit Union 5 6/16/2025390602AA8 0.04 6/16/2023 6/16/2025 167 5.000 245,000.00 245,000.00 245,872.20NCUA InsuredNCUA Insured Greensboro Municipal FCU 4.9 5/19/202539552MAA9 0.04 5/17/2023 5/19/2025 139 4.900 245,000.00 245,000.00 245,595.35NCUA InsuredNCUA Insured Greenstate Credit Union 0.95 7/21/202639573LBM9 0.04 7/21/2021 7/21/2026 567 0.950 245,000.00 245,000.00 233,524.20NCUA InsuredNCUA Insured Guardian Credit Union 5.1 9/29/2028 40135GAA6 0.04 9/29/2023 9/29/2028 1,368 5.100 245,000.00 245,000.00 254,329.60NCUA InsuredNCUA Insured Hapo Community Credit Union 5.5 9/29/202541138NAC2 0.04 9/29/2023 9/29/2025 272 5.500 245,000.00 245,000.00 247,427.95NCUA InsuredNCUA Insured Heritage Community Credit Union 5.25 11/15/2028 42728MAC8 0.04 11/15/202311/15/2028 1,415 5.250 245,000.00 245,000.00 255,939.25NCUA InsuredNCUA Insured Home Federal Savings Bank MN 5 7/21/202543708WKF0 0.04 7/19/2023 7/21/2025 202 5.000 245,000.00 245,000.00 246,016.75FDIC InsuredFDIC Insured Home Loan Investment Bank 5.25 3/28/202543719LAJ4 0.04 3/29/2023 3/28/2025 87 5.250 245,000.00 245,000.00 245,553.70FDIC InsuredFDIC Insured Honolulu Fire Dept FCU 5 12/22/2025438649AL9 0.04 6/22/202312/22/2025 356 5.000 245,000.00 245,000.00 247,031.05NCUA InsuredNCUA Insured Hope Federal Credit Union 5.5 9/25/202543942MAA0 0.04 9/25/2023 9/25/2025 268 5.500 245,000.00 245,000.00 247,391.20NCUA InsuredNCUA Insured Hughes Federal CU 5.25 6/30/2025 444425AA0 0.04 6/29/2023 6/30/2025 181 5.250 245,000.00 245,000.00 246,305.85NCUA InsuredNCUA Insured Idaho First Bank 4.2 5/30/2028 451245AT1 0.04 5/30/2023 5/30/2028 1,246 4.200 245,000.00 245,000.00 253,379.00FDIC InsuredFDIC Insured Jeanne D'Arc Credit Union 4.3 7/31/2029472207AJ8 0.04 7/31/2024 7/31/2029 1,673 4.300 245,000.00 245,000.00 248,072.30NCUA InsuredNCUA Insured John Marshall Bank 4.7 7/14/2025 47804GKT9 0.04 5/12/2023 7/14/2025 195 4.700 245,000.00 245,000.00 245,668.85FDIC InsuredFDIC Insured Jovia Financial Credit Union 5.2 11/30/2027 48115LAK0 0.04 11/30/202311/30/2027 1,064 5.200 245,000.00 245,000.00 253,038.45NCUA InsuredNCUA Insured Keypoint Credit Union 5 6/23/2025 49332PAB6 0.04 12/21/20226/23/2025 174 5.000 245,000.00 245,000.00 245,955.50NCUA InsuredNCUA Insured Kodabank 4.5 7/21/2028 50007DAD1 0.04 7/21/2023 7/21/2028 1,298 4.500 245,000.00 245,000.00 255,206.70FDIC InsuredFDIC Insured Lafayette Federal Credit Union 3.25 5/25/202750625LBJ1 0.04 5/25/2022 5/25/2027 875 3.250 245,000.00 245,000.00 240,732.10NCUA InsuredNCUA Insured LCA Bank Corp 4.25 5/26/2028 501798TY8 0.04 5/26/2023 5/26/2028 1,242 4.250 245,000.00 245,000.00 247,668.05FDIC InsuredFDIC Insured Leaders Credit Union 5 3/30/2028 52171MAG0 0.04 3/30/2023 3/30/2028 1,185 5.000 245,000.00 245,000.00 252,477.40NCUA InsuredNCUA Insured Liberty First Credit Union 4.35 1/27/2028530520AD7 0.04 1/27/2023 1/27/2028 1,122 4.350 245,000.00 245,000.00 247,467.15NCUA InsuredNCUA Insured Lincoln Park Community 5 8/28/2028 534574AC2 0.04 8/28/2023 8/28/2028 1,336 5.000 245,000.00 245,000.00 253,298.15FDIC InsuredFDIC Insured Lincoln Savings Bank 5.05 10/21/2025534732BQ4 0.04 7/21/202310/21/2025 294 5.050 245,000.00 245,000.00 246,759.10FDIC InsuredFDIC Insured Lookout Federal Credit Union 5.1 7/21/202554342MAA3 0.04 7/21/2023 7/21/2025 202 5.100 245,000.00 245,000.00 246,234.80NCUA InsuredNCUA Insured Magnificent Financial CU 5 5/30/202555955TAA3 0.04 5/30/2023 5/30/2025 150 5.000 245,000.00 245,000.00 245,761.95NCUA InsuredNCUA Insured Mauch Chunk Trust Co 4.2 3/20/2029 577234CX3 0.04 3/20/2024 3/20/2029 1,540 4.200 245,000.00 245,000.00 246,871.80FDIC InsuredFDIC Insured Medallion Bank Utah 5.25 3/28/2025 58404DRU7 0.04 3/28/2023 3/28/2025 87 5.250 245,000.00 245,000.00 245,529.20FDIC InsuredFDIC Insured Member's First Credit Union 5.6 4/6/202658588NAA5 0.04 10/4/2023 4/6/2026 461 5.600 245,000.00 245,000.00 249,557.00NCUA InsuredNCUA Insured Members Trust of SW FCU 4.15 2/20/2029585899AH0 0.04 2/20/2024 2/20/2029 1,512 4.150 245,000.00 245,000.00 246,372.00NCUA InsuredNCUA Insured Meritrust Federal Credit Union 4.9 5/24/202559001PAT6 0.04 5/24/2023 5/24/2025 144 4.900 245,000.00 245,000.00 246,146.60NCUA InsuredNCUA Insured Merrick Bank 3.8 9/20/2029 59013KP42 0.04 9/20/2024 9/20/2029 1,724 3.800 245,000.00 245,000.00 242,868.50FDIC InsuredFDIC Insured Metro Credit Union 1.7 2/18/2027 59161YAP1 0.04 2/18/2022 2/18/2027 779 1.700 245,000.00 245,000.00 233,399.25FDIC InsuredFDIC Insured MidFlorida Credit Union 5.5 7/26/2028-2559741QAA0 0.04 7/26/2023 7/26/2028 1,303 5.500 245,000.00 245,000.00 246,401.40NCUA InsuredNCUA Insured Morgan Stanley Bank 4.7 6/12/2029 61690DSJ8 0.04 6/12/2024 6/12/2029 1,624 4.700 245,000.00 245,000.00 251,862.45FDIC InsuredFDIC Insured Morgan Stanley Private Bank 4.65 5/22/202961768E4B6 0.04 5/22/2024 5/22/2029 1,603 4.650 245,000.00 245,000.00 251,318.55FDIC InsuredFDIC Insured Morgantown Bank & Trust 4.15 3/22/2029 617504AF2 0.04 3/22/2024 3/22/2029 1,542 4.150 245,000.00 245,000.00 246,398.95FDIC InsuredFDIC Insured Morton Lane FCU 5.4 3/16/2026 61934MAD6 0.04 9/15/2023 3/16/2026 440 5.400 245,000.00 245,000.00 248,660.30NCUA InsuredNCUA Insured Mountain America Federal Credit Union 4.7 4/28/20262384RAT3 0.04 4/28/2023 4/28/2026 483 4.700 245,000.00 245,000.00 246,915.90NCUA InsuredNCUA Insured Mutual First Federal CU 5.2 8/4/202562825MAA2 0.04 8/3/2023 8/4/2025 216 5.200 245,000.00 245,000.00 246,501.85NCUA InsuredNCUA Insured MVB Bank INC 5.3 3/24/2025 62847NDN3 0.04 3/24/2023 3/24/2025 83 5.300 245,000.00 245,000.00 245,531.65FDIC InsuredFDIC Insured My Safra Bank FSB 4.4 5/18/2028 55406JBS0 0.04 5/18/2023 5/18/2028 1,234 4.400 245,000.00 245,000.00 248,033.10FDIC InsuredFDIC Insured Naheola Credit Union 2.05 1/10/2025629801AA9 0.04 1/10/2020 1/10/2025 10 2.050 245,000.00 245,000.00 244,833.40NCUA InsuredNCUA Insured Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Neighbors Federal Credit 4.9 7/26/202864017ABA1 0.04 7/26/2023 7/26/2028 1,303 4.900 245,000.00 245,000.00 253,109.50NCUA InsuredNCUA Insured Nicolet National Bank 4.85 12/1/2025654062LN6 0.04 5/30/2023 12/1/2025 335 4.850 245,000.00 245,000.00 246,604.75FDIC InsuredFDIC Insured Northern Bank & Trust MA 5 7/21/2025 66476QDZ8 0.04 7/19/2023 7/21/2025 202 5.000 245,000.00 245,000.00 246,016.75FDIC InsuredFDIC Insured Nova UA 5.4 11/28/2025 66989WAA3 0.04 11/30/202311/28/2025 332 5.400 245,000.00 245,000.00 247,903.25FDIC InsuredFDIC Insured Numerica Credit Union 3.1 5/13/202767054NAW3 0.04 5/13/2022 5/13/2027 863 3.100 245,000.00 245,000.00 239,957.90NCUA InsuredFDIC Insured Old Missouri Bank 4.6 9/27/2028 68002LCV8 0.04 9/27/2023 9/27/2028 1,366 4.600 245,000.00 245,000.00 250,069.05FDIC InsuredFDIC Insured Onpath Federal Credit Union 4.85 7/31/202868283MAP1 0.04 7/31/2023 7/31/2028 1,308 4.850 245,000.00 245,000.00 251,935.95NCUA InsuredNCUA Insured Oregon Community Credit Union 5.15 6/23/202568584JAE9 0.04 6/21/2023 6/23/2025 174 5.150 245,000.00 245,000.00 246,129.45NCUA InsuredNCUA Insured Park St Bank Duluth 4.45 7/19/2028 70086VAU5 0.04 7/19/2023 7/19/2028 1,296 4.450 245,000.00 245,000.00 253,788.15FDIC InsuredFDIC Insured Parkway Bank & Trust Co 4.95 6/16/2025 70153RLV8 0.04 6/15/2023 6/16/2025 167 4.950 245,000.00 245,000.00 245,850.15FDIC InsuredFDIC Insured Partners Bank California 5.05 3/17/202570212YBN1 0.04 3/17/2023 3/17/2025 76 5.050 245,000.00 245,000.00 245,330.75FDIC InsuredFDIC Insured Pentucket Bank 4.8 5/27/2025 70969PAG1 0.04 5/26/2023 5/27/2025 147 4.800 245,000.00 245,000.00 245,568.40FDIC InsuredFDIC Insured Pima Federal Credit 5 8/17/2027 722000AB2 0.04 8/17/2023 8/17/2027 959 5.000 245,000.00 245,000.00 251,044.15NCUA InsuredNCUA Insured Pitney Bowes Bank INC 4.35 4/13/2028724468AC7 0.04 4/14/2023 4/13/2028 1,199 4.350 245,000.00 245,000.00 247,621.50FDIC InsuredFDIC Insured Popular Bank 4.85 5/22/2025 73317ACD2 0.04 5/24/2023 5/22/2025 142 4.850 245,000.00 245,000.00 245,499.80FDIC InsuredFDIC Insured Providence Bank 4.4 8/21/2028 743738CV6 0.04 8/21/2023 8/21/2028 1,329 4.400 245,000.00 245,000.00 248,285.45FDIC InsuredFDIC Insured Queensborough Natl Bank 4.85 6/2/202574824XDK9 0.04 6/2/2023 6/2/2025 153 4.850 245,000.00 245,000.00 245,622.30FDIC InsuredFDIC Insured Railroad Employees Credit Union 5.1 9/29/202875076MAA0 0.04 9/29/2023 9/29/2028 1,368 5.100 245,000.00 245,000.00 254,329.60NCUA InsuredNCUA Insured Raiz Federal Credit Union 4.7 7/25/202575102EAB4 0.04 1/25/2023 7/25/2025 206 4.700 245,000.00 245,000.00 245,712.95NCUA InsuredNCUA Insured Red Crown Federal Credit Union 5.1 10/13/2028756558AC6 0.04 10/13/202310/13/2028 1,382 5.100 245,000.00 245,000.00 254,417.80NCUA InsuredNCUA Insured Regional Federal Credit 5.45 8/25/202575904AAA4 0.04 8/24/2023 8/25/2025 237 5.450 245,000.00 245,000.00 247,055.55NCUA InsuredNCUA Insured RIA Federal Credit Union 5.4 11/10/2025 749622BM7 0.04 12/8/202311/10/2025 314 5.400 245,000.00 245,000.00 247,638.65NCUA InsuredNCUA Insured Riverfront FCU 5.15 6/12/2025 76870LAC4 0.04 6/12/2023 6/12/2025 163 5.150 245,000.00 245,000.00 246,006.95NCUA InsuredNCUA Insured Rockland Federal Credit Union 5.75 10/20/202577357DAA6 0.04 10/18/202310/20/2025 293 5.750 245,000.00 245,000.00 247,925.30NCUA InsuredNCUA Insured Sallie Mae Bank Salt Lake 1 7/14/20267954507A7 0.04 7/14/2021 7/14/2026 560 1.000 245,000.00 245,000.00 233,889.25FDIC InsuredFDIC Insured San Francisco Credit Union 4.35 2/3/202879772FAG1 0.04 2/3/2023 2/3/2028 1,129 4.350 245,000.00 245,000.00 247,459.80NCUA InsuredNCUA Insured SCE Federal Credit Union 4.25 3/14/202978413RAQ0 0.04 3/14/2024 3/14/2029 1,534 4.250 245,000.00 245,000.00 247,337.30NCUA InsuredNCUA Insured Sec State Bank Warroad MN 4.3 5/31/2028 81501JAE2 0.04 5/31/2023 5/31/2028 1,247 4.300 245,000.00 245,000.00 253,342.25FDIC InsuredFDIC Insured Self Help FCU 4.1 5/26/2028 81632NBB0 0.04 5/26/2023 5/26/2028 1,242 4.100 245,000.00 245,000.00 245,737.45NCUA InsuredNCUA Insured Signature Federal Credit Union 4.4 1/31/202882671DAB3 0.04 1/31/2023 1/31/2028 1,126 4.400 245,000.00 245,000.00 247,839.55NCUA InsuredNCUA Insured Southcoast Federal Credit Union 4.2 12/28/202884130LAB6 0.04 12/28/202312/28/2028 1,458 4.200 245,000.00 245,000.00 246,778.70NCUA InsuredNCUA Insured Southern Bank Poplar Bluff MO 4.2 5/17/2028 843383CS7 0.04 5/17/2023 5/17/2028 1,233 4.200 245,000.00 245,000.00 246,519.00FDIC InsuredFDIC Insured Southwest Financial Federal Credit 5.3 8/18/202584485EAK3 0.04 8/16/2023 8/18/2025 230 5.300 245,000.00 245,000.00 246,741.95NCUA InsuredNCUA Insured Space Coast Credit Union 5.45 8/29/202584614AAH2 0.04 8/29/2023 8/29/2025 241 5.450 245,000.00 245,000.00 247,055.55NCUA InsuredNCUA Insured Spokane Teachers Credit Union 5 11/24/2025 849061AA4 0.04 11/23/202211/24/2025 328 5.000 245,000.00 245,000.00 246,893.85NCUA InsuredNCUA Insured St Louis Bank MO 4.45 6/30/2028 85231WAW1 0.04 6/30/2023 6/30/2028 1,277 4.450 245,000.00 245,000.00 254,991.10FDIC InsuredFDIC Insured Star Bank NA Bertha MN 4.6 9/29/2028 85508VAN9 0.04 9/29/2023 9/29/2028 1,368 4.600 245,000.00 245,000.00 250,020.05FDIC InsuredFDIC Insured State Bank Of India 1.65 1/21/2027 856285E31 0.04 1/21/2022 1/21/2027 751 1.650 245,000.00 245,000.00 233,627.10FDIC InsuredFDIC Insured State Exchange Bank Lamont Oklahoma 4.25 4/20/2028856786AQ1 0.04 4/20/2023 4/20/2028 1,206 4.250 245,000.00 245,000.00 246,864.45FDIC InsuredFDIC Insured Summit National Bank WY 4.5 8/10/2028 86616RAG0 0.04 8/10/2023 8/10/2028 1,318 4.500 245,000.00 245,000.00 251,585.60FDIC InsuredFDIC Insured Synchrony Bank 3.2 5/20/2027 87165EW45 0.04 5/20/2022 5/20/2027 870 3.200 245,000.00 245,000.00 240,504.25FDIC InsuredFDIC Insured Tab Bank INC 4.75 5/12/2025 89388CGP7 0.04 5/10/2023 5/12/2025 132 4.750 245,000.00 245,000.00 245,423.85FDIC InsuredFDIC Insured Technology Credit Union 5 4/14/2026 87868YAM5 0.04 4/14/2023 4/14/2026 469 5.000 245,000.00 245,000.00 247,766.05NCUA InsuredNCUA Insured Texas Exchange Bank SSB 3.65 9/20/202988241TSX9 0.04 9/20/2024 9/20/2029 1,724 3.650 245,000.00 245,000.00 241,290.70FDIC InsuredFDIC Insured Texas Trust Credit Union 5 8/9/2027 88283MCB8 0.04 8/9/2023 8/9/2027 951 5.000 245,000.00 245,000.00 251,000.05NCUA InsuredNCUA Insured Thread Bank Rogersville 4.4 6/16/202888553LAP4 0.04 6/16/2023 6/16/2028 1,263 4.400 245,000.00 245,000.00 254,140.95FDIC InsuredFDIC Insured Toyota Financial SGS BK 0.95 7/15/202689235MLC3 0.04 7/15/2021 7/15/2026 561 0.950 245,000.00 245,000.00 233,690.80FDIC InsuredFDIC Insured Triad Bank 4.5 9/12/2028 89579NCM3 0.04 9/12/2023 9/12/2028 1,351 4.500 245,000.00 245,000.00 249,174.80FDIC InsuredFDIC Insured Triad Business Bank 5 7/21/2025 89580DAY8 0.04 7/21/2023 7/21/2025 202 5.000 245,000.00 245,000.00 246,100.05FDIC InsuredFDIC Insured True Sky Federal Credit Union 4.55 5/17/202989786MAJ3 0.04 5/17/2024 5/17/2029 1,598 4.550 245,000.00 245,000.00 250,375.30NCUA InsuredNCUA Insured Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Trugrocer Federal CU 4.85 6/20/2028 89788RAA9 0.04 6/20/2023 6/20/2028 1,267 4.850 245,000.00 245,000.00 251,708.10NCUA InsuredNCUA Insured Trustar Bank 4.75 11/22/2028 89839KAD7 0.04 11/22/202311/22/2028 1,422 4.750 245,000.00 245,000.00 251,583.15FDIC InsuredFDIC Insured TTCU Federal Credit Union 5 7/26/202889854LAD5 0.04 7/26/2023 7/26/2028 1,303 5.000 245,000.00 245,000.00 253,109.50NCUA InsuredNCUA Insured Tucson Federal Credit 4.95 8/8/2028 898812AB8 0.04 8/8/2023 8/8/2028 1,316 4.950 245,000.00 245,000.00 252,768.95NCUA InsuredNCUA Insured UBS Bank USA 0.95 8/11/2026 90348JR93 0.04 8/11/2021 8/11/2026 588 0.950 245,000.00 245,000.00 233,132.20FDIC InsuredFDIC Insured Ukranian Federal Credit 4.8 5/8/202590372WAA8 0.04 5/8/2023 5/8/2025 128 4.800 245,000.00 245,000.00 245,445.90NCUA InsuredNCUA Insured United Fidelity BK FSB 4.5 6/29/2028910286GN7 0.04 6/29/2023 6/29/2028 1,276 4.500 245,000.00 245,000.00 253,908.20FDIC InsuredFDIC Insured United Roosevelt Savings 4.8 5/19/202591139LAG1 0.04 5/19/2023 5/19/2025 139 4.800 245,000.00 245,000.00 245,502.25FDIC InsuredFDIC Insured United Teletech Finance Credit Union 5 10/16/2028913065AB4 0.04 10/16/202310/16/2028 1,385 5.000 245,000.00 245,000.00 253,577.45NCUA InsuredNCUA Insured University Bank NA 4.85 4/3/2028 914098DQ8 0.04 4/3/2023 4/3/2028 1,189 4.850 245,000.00 245,000.00 251,318.55FDIC InsuredFDIC Insured University Credit Union 5.15 3/17/2025914242AB8 0.04 3/17/2023 3/17/2025 76 5.150 245,000.00 245,000.00 245,406.70NCUA InsuredNCUA Insured University of Illinois Community CU 5.25 8/25/2025914359AA2 0.04 8/23/2023 8/25/2025 237 5.250 245,000.00 245,000.00 246,741.95NCUA InsuredNCUA Insured Univest Bank & Trust Co 4.35 5/12/2028 91527PBY2 0.04 5/12/2023 5/12/2028 1,228 4.350 245,000.00 245,000.00 247,668.05FDIC InsuredFDIC Insured US Alliance FCU 4.55 5/26/2028 90352RDB8 0.04 5/26/2023 5/26/2028 1,242 4.550 245,000.00 245,000.00 249,253.20NCUA InsuredNCUA Insured Utah Community Federal Credit Union 4.7 10/28/2025917352AD8 0.04 4/28/202310/28/2025 301 4.700 245,000.00 245,000.00 246,109.85NCUA InsuredNCUA Insured Utah First Fed Credit 4.75 7/14/2028 91739JAA3 0.04 7/14/2023 7/14/2028 1,291 4.750 245,000.00 245,000.00 255,806.95NCUA InsuredNCUA Insured Valleystar Credit Union 4.85 8/30/202892023CAG8 0.04 8/30/2023 8/30/2028 1,338 4.850 245,000.00 245,000.00 256,505.20NCUA InsuredNCUA Insured Veridian Credit Union 5.3 8/18/2025 92348DAD1 0.04 8/18/2023 8/18/2025 230 5.300 245,000.00 245,000.00 246,741.95NCUA InsuredNCUA Insured Vision Bank 4.05 5/12/2028 92834ABT2 0.04 5/12/2023 5/12/2028 1,228 4.050 245,000.00 245,000.00 245,357.70FDIC InsuredFDIC Insured Visions Federal Credit Union 5.65 9/29/202592838DAD8 0.04 9/29/2023 9/29/2025 272 5.650 245,000.00 245,000.00 247,697.45NCUA InsuredNCUA Insured Vystar Credit Union 4.45 10/7/2027 92891CCR1 0.04 10/7/2022 10/7/2027 1,010 4.450 245,000.00 245,000.00 247,842.00FDIC InsuredFDIC Insured Westreet Federal CU 5 5/19/2025 961442AE0 0.04 5/18/2023 5/19/2025 139 5.000 245,000.00 245,000.00 245,688.45NCUA InsuredNCUA Insured Workers Federal Credit Union 5.2 10/30/202898138MCA6 0.04 10/30/202310/30/2028 1,399 5.200 245,000.00 245,000.00 255,454.15NCUA InsuredNCUA Insured Sub Total / Average CD | Negotiable | 30 % 7.57 759 4.572 52,185,000.0052,185,000.0052,652,592.30 Joint Powers Authority Pool | 25 %
California Asset Management Trust LGIP CAMP 19.51 7/5/2023 N/A 1 4.730 134,528,506.39134,528,506.39134,528,506.39NR S&P-AAA Sub Total / Average Joint Powers Authority Pool | 25 % 19.51 1 4.730 134,528,506.39134,528,506.39134,528,506.39 Medium Term Note | 30 %
Accenture Capital INC 4.05 10/4/2029-2900440KAB9 0.44 10/8/2024 10/4/2029 1,738 4.313 3,000,000.002,964,900.002,911,890.00Moodys-Aa3S&P-AA- Adobe Inc 3.25 2/1/2025-24 00724FAC5 0.44 3/20/2020 2/1/2025 32 2.649 3,000,000.003,081,780.002,995,890.00Moodys-A1S&P-A+ Amazon 1.2 6/3/2027-27 023135BR6 0.44 6/8/2022 6/3/2027 884 3.530 3,000,000.002,682,967.172,781,210.00Moodys-A1S&P-AA Apple INC 2.2 9/11/2029-29 037833DP2 0.44 10/23/20249/11/2029 1,715 4.212 3,000,000.002,736,000.002,693,940.00Moodys-AaaS&P-AA+ Berkshire Hathaway 2.3 3/15/2027-27084664CZ2 0.44 3/15/2022 3/15/2027 804 2.300 3,000,000.003,000,000.002,873,610.00Moodys-Aa2S&P-AA Blackrock Funding INC 4.7 3/14/2029-2909290DAA9 0.44 4/12/2024 3/14/2029 1,534 5.000 3,000,000.002,961,030.003,002,220.00Moodys-Aa3S&P-AA- BMW US Capital LLC 1.25 8/12/2026-2605565EBW4 0.44 2/14/2022 8/12/2026 589 2.300 3,000,000.002,866,200.002,844,270.00Moodys-A2S&P-A Caterpillar Financial Services 1.7 1/8/202714913R2U0 0.44 3/11/2022 1/8/2027 738 2.430 3,000,000.002,900,826.002,839,680.00Moodys-A2S&P-A Coca Cola Co 2.125 9/6/2029-29 191216CM0 0.44 11/13/2024 9/6/2029 1,710 4.468 3,000,000.002,698,440.002,688,090.00Moodys-A1S&P-A+ Guardian Life Global Funding 5.737 10/2/202840139LBH5 0.44 10/5/2023 10/2/2028 1,371 5.807 3,000,000.002,991,000.003,089,310.00Moodys-Aa1S&P-AA+ Hershey Company 2.45 11/15/2029-29 427866BD9 0.44 12/23/202411/15/2029 1,780 4.650 3,000,000.002,713,980.002,705,430.00Moodys-A1S&P-A Home Depot Inc 1.5 9/15/2028-28 437076CH3 0.44 9/29/2023 9/15/2028 1,354 5.200 3,000,000.002,520,000.002,681,880.00Moodys-A2S&P-A Honeywell International 4.875 9/1/2029-29438516CQ7 0.44 10/22/2024 9/1/2029 1,705 4.364 3,000,000.003,066,270.003,018,060.00Moodys-A2S&P-A Intel Corp 3.4 3/25/2025-25 458140BP4 0.29 2/8/2021 3/25/2025 84 0.760 2,000,000.002,214,260.001,993,080.00Moodys-Baa1S&P-BBB John Deere Capital Corp 3.35 4/18/202924422EWE5 0.44 4/18/2024 4/18/2029 1,569 5.115 3,000,000.002,768,970.002,846,370.00Moodys-A1S&P-A John Deere Capital Corp 3.45 3/13/202524422EUE7 0.15 3/20/2020 3/13/2025 72 2.801 1,000,000.001,029,970.00997,690.00Moodys-A1S&P-A JP Morgan Chase & Co 3.125 1/23/2025-2446625HKC3 0.44 3/19/2020 1/23/2025 23 2.815 3,000,000.003,041,760.002,997,150.00Moodys-A1S&P-A Kimberly-Clark Corp 3.2 4/25/2029-29494368BZ5 0.44 4/29/2024 4/25/2029 1,576 5.152 3,000,000.002,745,210.002,830,710.00Moodys-A2S&P-A Mars INC 0.875 7/16/2026-26 571676AJ4 0.29 8/11/2021 7/16/2026 562 1.110 1,995,000.001,972,516.351,882,980.75Moodys-A1S&P-A+ Mars Inc 4.55 4/20/2028-28 571676AT2 0.29 8/21/2023 4/20/2028 1,206 5.240 2,000,000.001,943,400.001,980,500.00Moodys-A1S&P-A+ Mass Institute of Tech 3.308 7/1/2026-14 575718AD3 0.44 1/21/2022 7/1/2026 547 1.780 3,000,000.003,195,000.002,941,140.00Moodys-AaaS&P-AAA Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Massmutual Global Funding 1.2 7/16/202657629WDE7 0.44 7/16/2021 7/16/2026 562 1.180 3,000,000.003,002,880.002,850,450.00Moodys-Aa3S&P-AA+ Mastercard Inc 2 3/3/2025 57636QAN4 0.71 3/26/2020 3/3/2025 62 2.500 4,883,000.004,770,251.534,861,514.80Moodys-Aa3S&P-A+ Mercedes-Benz Finance3.1 8/15/2029-29233851DW1 0.44 10/8/2024 8/15/2029 1,688 4.613 3,000,000.002,804,580.002,752,350.00Moodys-A2S&P-A Met Life Global 1.875 1/11/2027 59217GER6 0.29 2/8/2022 1/11/2027 741 2.350 2,000,000.001,956,047.611,894,060.00Moodys-Aa3S&P-AA- Met Tower Global Funding 1.25 9/14/202658989V2D5 0.18 10/25/20219/14/2026 622 1.530 1,228,000.001,211,866.41 1,161,589.76Moodys-Aa3S&P-AA- Meta Platforms INC 4.6 5/15/2028-2830303M8L9 0.44 10/4/2023 5/15/2028 1,231 5.220 3,000,000.002,924,400.003,003,840.00Moodys-Aa3S&P-AA- National Securities Clearing 5 5/30/2028-28637639AK1 0.44 8/21/2023 5/30/2028 1,246 5.323 3,000,000.002,959,380.003,009,270.00Moodys-AaaS&P-AA+ Nestle Capital Corp 4.65 3/12/2029 64105MAA9 0.29 4/15/2024 3/12/2029 1,532 5.091 2,000,000.001,962,020.001,998,340.00Moodys-Aa3S&P-AA- Nestle Holdings Inc 1.15 1/14/2027-26641062AV6 0.29 2/8/2022 1/14/2027 744 2.230 2,000,000.001,899,620.001,868,340.00Moodys-Aa3S&P-AA- New York Life Global FDG 0.85 1/15/202664952WDW0 0.44 7/1/2021 1/15/2026 380 1.100 3,000,000.002,966,880.002,887,290.00Moodys-AaaS&P-AA+ Northwest Mutual Global 1.75 1/11/2027 66815L2F5 0.29 2/14/2022 1/11/2027 741 2.300 2,000,000.001,949,204.751,890,100.00Moodys-AaaS&P-AA+ Novartis Capital Corp 3.8 9/18/2029-2966989HAT5 0.44 12/23/20249/18/2029 1,722 4.642 3,000,000.002,893,500.002,888,550.00Moodys-Aa3S&P-AA- Paccar Financial Corp 4 9/26/2029 69371RT48 0.44 12/23/20249/26/2029 1,730 4.716 3,000,000.002,909,221.832,901,630.00Moodys-A1S&P-A+ Pricoa Global Funding 1.2 9/1/2026 74153WCP2 0.29 9/23/2021 9/1/2026 609 1.180 2,000,000.002,001,900.001,892,400.00Moodys-Aa3S&P-AA- Pricoa Global Funding 1.2 9/1/2026 74153WCP2 0.15 10/4/2021 9/1/2026 609 1.300 1,000,000.00995,256.00 946,200.00Moodys-Aa3S&P-AA- Qualcomm Inc 3.45 5/20/2025-25 747525AF0 0.14 3/11/2022 5/20/2025 140 2.477 974,000.001,002,879.10969,987.12Moodys-A2S&P-A Qualcomm Inc 3.45 5/20/2025-25 747525AF0 0.39 3/11/2022 5/20/2025 140 2.477 2,700,000.002,780,055.002,688,876.00Moodys-A2S&P-A Roche Holdings INC 4.79 3/8/2029 771196CJ9 0.44 4/17/2024 3/8/2029 1,528 5.133 3,000,000.002,955,780.003,003,420.00Moodys-Aa2S&P-AA State Street Corp 3.55 8/18/2025 857477AT0 0.44 3/11/2022 8/18/2025 230 2.560 3,000,000.003,097,050.002,981,880.00Moodys-Aa3S&P-A Target Corp 1.95 1/15/2027-22 87612EBM7 0.44 1/31/2022 1/15/2027 745 1.950 3,000,000.003,000,000.002,854,230.00Moodys-A2S&P-A Texas Instruments INC 2.25 9/4/2029-29882508BG8 0.44 10/22/2024 9/4/2029 1,708 4.307 3,000,000.002,731,590.002,694,840.00Moodys-Aa3S&P-A+ Toyota Motor Credit Corp 4.65 1/5/202989236TLL7 0.42 4/10/2024 1/5/2029 1,466 4.975 2,882,000.002,842,689.522,863,007.62Moodys-A1S&P-A+ Toyota Motor Credit Corp 5.25 9/11/2028-23 89236TLB9 0.29 10/5/2023 9/11/2028 1,350 5.550 2,000,000.001,974,330.002,028,040.00Moodys-A1S&P-A+ Unilever Capital Corp 3.375 3/22/2025-25904764BB2 0.07 3/24/2020 3/22/2025 81 2.798 500,000.00 513,360.00 498,485.00Moodys-A1S&P-A+ Unilever Capital Corp 3.375 3/22/2025-25904764BB2 0.22 3/24/2020 3/22/2025 81 2.752 1,500,000.001,543,305.001,495,455.00Moodys-A1S&P-A+ Unilever Capital Corp 4.875 9/8/2028-28904764BS5 0.29 9/25/2023 9/8/2028 1,347 5.210 2,000,000.001,971,020.002,016,000.00Moodys-A1S&P-A+ United Parcel Service 2.5 9/1/2029-29911312BU9 0.44 10/10/2024 9/1/2029 1,705 4.290 3,000,000.002,765,220.002,722,140.00Moodys-A2S&P-A University of Chicago 4.947 4/1/2029-2991412NBH2 0.44 10/25/2024 4/1/2029 1,552 4.377 3,000,000.003,068,100.003,013,440.00Moodys-Aa2S&P-AA- Walt Disney Co 2 9/1/2029-29 254687FL5 0.44 12/23/2024 9/1/2029 1,705 4.644 3,000,000.002,669,130.002,667,690.00Moodys-A2S&P-A Sub Total / Average Medium Term Note | 30 % 18.80 1,054 3.622 129,662,000.00126,215,996.27124,898,516.05 Money Market | 20 %
Morgan Stanley Institutional Liquidity Fund - Gov. 61747C319 8.70 7/29/2022 N/A 1 4.490 60,013,510.6160,013,510.6160,013,510.61Moodys-AaaS&P-AAA Sub Total / Average Money Market | 20 % 8.70 1 4.490 60,013,510.6160,013,510.6160,013,510.61 Municipal Bonds | 30 %
Bay Area Toll Authority 1.433 4/1/2027-21 072024XD9 0.12 6/16/2022 4/1/2027 821 4.200 815,000.00 718,023.15 762,766.65Moodys-Aa3S&P-AA Beverly Hills Public Financing Authority 1.147 6/1 088006KA8 0.26 3/14/2022 6/1/2026 517 2.280 1,800,000.001,718,478.001,720,854.00NR S&P-AA+ Burbank CA Unified School District 1.367 8/1/202612082SDN1 0.09 11/10/2022 8/1/2026 578 5.050 620,000.00 543,324.60 593,160.20Moodys-Aa2None CA St Public Wks Brd Lease Revenue 4.879 4/1/202913068XLL1 0.13 4/17/2024 4/1/2029 1,552 5.031 900,000.00 894,078.00 903,933.00Moodys-Aa3S&P-A+ Ca State Health Facilities0.952 6/1/2025-2013032UXM5 0.15 11/4/2020 6/1/2025 152 0.952 1,000,000.001,000,000.00986,330.00Moodys-Aa3S&P-AA- Ca State Health Facilities Financing Authority 1.3 13032UXP8 0.18 6/7/2022 6/1/2027 882 3.620 1,255,000.001,127,178.251,166,848.80Moodys-Aa3S&P-AA- Ca State Health Facilities Financing Authority 3.0 13032UC30 0.15 4/7/2022 6/1/2026 517 3.044 1,000,000.001,000,000.00982,150.00Moodys-Aa3S&P-AA- Ca State Infrastructure & Econ Dev Bank Revenu13034AL65 0.07 12/17/202010/1/2025 274 0.765 500,000.00 500,000.00 487,275.00NR S&P-AAA CA State University Revenue 1.138 11/1/2026-20 13077DMM1 0.07 6/14/2022 11/1/2026 670 3.900 500,000.00 444,875.00 471,315.00Moodys-Aa2S&P-AA- CA State University Revenue 1.142 11/1/2026-21 13077DQE5 0.08 6/16/2022 11/1/2026 670 4.171 540,000.00 475,200.00 509,058.00Moodys-Aa2S&P-AA- Colorado State Housing and Finance Authority 4.76119648GJD5 0.39 6/18/2024 5/1/2029 1,582 4.838 2,665,000.002,656,365.402,667,638.35Moodys-AaaS&P-AAA Florida State Board of Public Education 0.55 6/1/234153QUD6 0.44 10/26/2020 6/1/2025 152 0.620 3,000,000.002,990,490.002,952,270.00Moodys-AaaS&P-AAA Hawaii State 1.283 8/1/2026-21 419792G26 0.44 6/15/2022 8/1/2026 578 3.624 3,000,000.002,732,940.002,863,230.00Moodys-Aa2S&P-AA+ Maryland State 3.15 6/1/2026 574193VR6 0.44 6/22/2022 6/1/2026 517 3.351 3,000,000.002,977,950.002,951,190.00Moodys-AaaS&P-AAA Massachusetts State School Building Authority 1.13 576000ZF3 0.26 4/25/2022 8/15/2026 592 3.300 1,800,000.001,644,678.001,711,980.00Moodys-Aa1S&P-AA+ Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 Massachusetts State Special Obligation Revenue 3.6576004HD0 0.29 8/30/2022 7/15/2027 926 3.680 2,000,000.002,000,000.001,961,400.00Moodys-Aa1NR New York State 2.36 2/15/2027-19 649791PS3 0.44 5/4/2022 2/15/2027 776 3.309 3,000,000.002,874,990.002,867,580.00Moodys-Aa1S&P-AA+ New York State Dormitory Authority 1.187 3/15/202664990FD50 0.11 6/23/2021 3/15/2026 439 1.187 750,000.00 750,000.00 722,212.50NR S&P-AA+ New York Urban Development 2.35 3/15/2027-1964985TBB6 0.29 4/22/2022 3/15/2027 804 3.500 2,000,000.001,897,260.001,912,380.00Moodys-Aa1NR New York Urban Development 3.15 3/15/2027-176500357E2 0.16 4/6/2022 3/15/2027 804 3.120 1,125,000.001,126,518.751,094,388.75Moodys-Aa1NR NY Dormitory Authority 1.538 3/15/2027-2164990FD68 0.34 3/18/2022 3/15/2027 804 2.740 2,365,000.002,233,198.552,220,143.75NR S&P-AA+ NY Housing Development 1.161 5/1/202664972EVX4 0.11 6/9/2022 5/1/2026 486 3.662 770,000.00 700,700.00 737,891.00Moodys-Aa2S&P-AA+ NYC Transitional Finance Authority 2.11 5/1/2026 64971XLR7 0.16 6/24/2021 5/1/2026 486 1.100 1,100,000.001,152,349.001,067,649.00Moodys-Aa1S&P-AAA NYC Transitional Finance Authority Revenue 1.55 5/64971XSY5 0.58 5/3/2023 5/1/2028 1,217 4.330 4,000,000.003,505,320.003,624,000.00Moodys-Aa1S&P-AAA Oakland California Pension 4.676 12/15/2025-24672319CF5 0.11 1/27/202112/15/2025 349 1.168 735,000.00 857,010.00 734,882.40Moodys-Aa2S&P-AA+ Oregon State Lottery 4.982 4/1/2029-2468607V5P6 0.12 5/1/2024 4/1/2029 1,552 4.982 810,000.00 810,000.00 820,748.70Moodys-Aa2S&P-AAA Oregon State Lottery Revenue 3.321 4/1/2027-2268607V3L7 0.11 5/4/2022 4/1/2027 821 3.321 750,000.00 750,000.00 732,030.00Moodys-Aa2S&P-AAA San Diego Public Facilities Financing Authority 2. 79730CJL9 0.37 8/26/2022 8/1/2027 943 3.737 2,520,000.002,324,851.202,377,166.40Moodys-Aa2NR San Francisco Redev Agy Successor Agy 1.861 8/1/2079770GJC1 0.44 12/17/2021 8/1/2026 578 1.550 3,000,000.003,041,430.002,887,020.00NR S&P-AA Santa Barbara Unified School District 1.603 8/1/20801315LK6 0.06 9/29/2023 8/1/2028 1,309 5.240 400,000.00 338,512.00 361,988.00Moodys-Aa1S&P-AA Santa Monica Malibu Unified 1.404 8/1/2029802498ZD0 0.32 11/7/2024 8/1/2029 1,674 4.420 2,200,000.001,919,346.001,917,168.00Moodys-Aa1S&P-AA+ Santa Monica-Malibu Unified School District 0.849802498ZA6 0.12 4/20/2022 8/1/2026 578 3.039 810,000.00 739,287.00 768,236.40Moodys-Aa1S&P-AA+ State of California 5.125 9/1/2029 13063EBP0 0.44 10/22/2024 9/1/2029 1,705 4.164 3,000,000.003,125,460.003,071,280.00Moodys-Aa2S&P-AA- State of Connecticut 3.875 6/15/2028-2220772KQL6 0.46 9/19/2023 6/15/2028 1,262 4.870 3,150,000.003,018,582.003,078,117.00Moodys-Aa3S&P-AA- State of Connecticut 4.506 5/15/2028-2320772KTK5 0.15 6/22/2023 5/15/2028 1,231 4.506 1,000,000.001,000,000.00997,350.00Moodys-Aa3S&P-AA- State of Maine 4.75 6/1/2028 56052AJ49 0.05 6/22/2023 6/1/2028 1,248 4.641 325,000.00 326,553.50 326,664.00Moodys-Aa1S&P-AA State of Oregon 4.912 5/1/2029-24 68609UJS5 0.15 5/14/2024 5/1/2029 1,582 4.912 1,000,000.001,000,000.001,020,300.00Moodys-Aa1S&P-AA+ Tennessee State School Bond Authority 1.515 9/15/28805573E1 0.44 5/9/2022 9/15/2026 623 3.450 3,000,000.002,766,420.002,856,810.00Moodys-Aa1S&P-AA+ Univ of California Revenues 3.309 5/15/2026-2191412GXC4 0.28 1/28/2022 5/15/2026 500 1.830 1,900,000.002,015,577.001,874,331.00Moodys-Aa2S&P-AA University of California CA Revenues 1.316 5/15/2091412HGF4 0.44 5/16/2022 5/15/2027 865 3.600 3,000,000.002,689,140.002,787,240.00Moodys-Aa2S&P-AA University of California Revenues 1.372 5/15/2028-91412HJP9 0.07 10/4/2023 5/15/2028 1,231 5.200 450,000.00 380,128.50 405,909.00Moodys-Aa2S&P-AA University of California Revenues 3.909 5/15/2029-91412GXU4 0.63 5/17/2024 5/15/2029 1,596 4.618 4,330,000.004,194,427.704,200,229.90Moodys-Aa3S&P-AA- Utah State Transit Authority 1.411 12/15/2026-21 917567GA1 0.13 5/4/202212/15/2026 714 3.550 890,000.00 809,624.10 842,029.00Moodys-Aa2S&P-AA+ Utah State Transit Authority 1.411 12/15/2026-21 917567GA1 0.14 5/20/202212/15/2026 714 3.750 965,000.00 871,009.00 912,986.50Moodys-Aa2S&P-AA+ West Hollywood CA Lease Revenue 1.95 4/1/2027-2095332RDK2 0.13 5/25/2022 4/1/2027 821 3.800 895,000.00 822,263.35 847,054.85NR S&P-AA+ Wisconsin State 2.141 5/1/2027-27 97705MZM0 0.22 1/30/2023 5/1/2027 851 3.777 1,525,000.001,427,814.941,451,708.50Moodys-Aa1S&P-AA+ Wisconsin State 2.141 5/1/2027-27 97705MZD0 0.21 1/30/2023 5/1/2027 851 3.777 1,475,000.001,381,001.331,398,919.50Moodys-Aa1S&P-AA+ Sub Total / Average Municipal Bonds | 30 % 11.26 907 3.470 77,635,000.0074,272,354.3274,607,813.15 Supranational Obligations | 15 %
IADB 0.875 4/20/2026 4581X0DV7 0.44 4/20/2021 4/20/2026 475 0.940 3,000,000.002,990,490.002,868,660.00Moodys-AaaS&P-AAA IBRD Supranational 0.6 2/18/2026-2245905U5Y6 0.44 2/18/2021 2/18/2026 414 0.600 3,000,000.003,000,000.002,879,850.00Moodys-AaaS&P-AAA IBRD Supranational 0.65 2/10/2026-21459058JS3 0.44 2/10/2021 2/10/2026 406 0.650 3,000,000.003,000,000.002,883,990.00Moodys-AaaS&P-AAA Inter-American Devel BK 1.5 1/13/20274581X0EB0 0.44 1/13/2022 1/13/2027 743 1.530 3,000,000.002,995,680.002,833,260.00Moodys-AaaS&P-AAA Inter-American Development Bank 4.125 1/29/202945818WEZ5 0.44 2/7/2024 1/29/2029 1,490 4.200 3,000,000.002,989,950.002,961,960.00Moodys-AaaS&P-AAA Inter-American Development Bank 4.125 2/15/20294581XOEN4 0.44 2/26/2024 2/15/2029 1,507 4.430 3,000,000.002,959,441.672,963,280.00Moodys-AaaS&P-AAA Intl Bk Recon & Develop 0.875 7/15/2026459058JX2 0.44 11/16/2021 7/15/2026 561 1.200 3,000,000.002,955,888.002,845,710.00Moodys-AaaS&P-AAA Intl Bk Recon & Develop 4 9/9/2027-2445906M3G4 0.44 9/9/2022 9/9/2027 982 4.000 3,000,000.003,000,000.002,933,790.00Moodys-AaaS&P-AAA Intl Bk Recon & Development 3.875 10/16/2029459058LN1 0.44 10/16/202410/16/2029 1,750 3.966 3,000,000.002,987,760.002,923,110.00Moodys-AaaS&P-AAA Intl Finance Corp 0.75 10/8/2026 45950KCX6 0.44 1/12/2022 10/8/2026 646 1.550 3,000,000.002,890,732.982,818,860.00Moodys-AaaS&P-AAA Intl Finance Corp 4.375 3/27/2029 45950VSZ0 0.44 4/12/2024 3/27/2029 1,547 4.683 3,000,000.002,959,500.002,992,620.00Moodys-AaaS&P-AAA Sub Total / Average Supranational Obligations | 15 % 4.79 956 2.523 33,000,000.0032,729,442.6531,905,090.00 US Agency | 90 %
FFCB 1.54 11/30/2026-22 3133ENFN5 0.44 11/30/202111/30/2026 699 1.540 3,000,000.003,000,000.002,844,690.00Moodys-AaaS&P-AA+ FFCB 1.78 1/26/2027-23 3133ENLZ1 0.44 1/26/2022 1/26/2027 756 1.780 3,000,000.003,000,000.002,846,160.00Moodys-AaaS&P-AA+ Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 FFCB 4.67 5/30/2028 3133EPLE3 0.44 5/30/2023 5/30/2028 1,246 4.670 3,000,000.003,000,000.002,985,750.00Moodys-AaaS&P-AA+ FHLB 0.54 10/29/2025-21 3130AKCT1 0.44 11/6/202010/29/2025 302 0.571 3,000,000.002,995,500.002,909,280.00Moodys-AaaS&P-AA+ FHLB 0.6 1/28/2026-21 3130AKPC4 0.44 1/28/2021 1/28/2026 393 0.600 3,000,000.003,000,000.002,884,980.00Moodys-AaaS&P-AA+ FHLB 0.625 1/22/2026-21 3130AKQ74 0.44 1/22/2021 1/22/2026 387 0.625 3,000,000.003,000,000.002,887,530.00Moodys-AaaS&P-AA+ FHLB 0.65 2/26/2026-21 3130AKZ25 0.44 2/26/2021 2/26/2026 422 0.650 3,000,000.003,000,000.002,878,080.00Moodys-AaaS&P-AA+ FHLB 0.72 7/14/2025-23 3130AN4N7 0.15 3/3/2023 7/14/2025 195 5.102 1,000,000.00903,560.00 981,430.00Moodys-AaaS&P-AA+ FHLB 0.75 2/24/2026-21 3130ALCV4 0.44 2/24/2021 2/24/2026 420 0.750 3,000,000.003,000,000.002,882,010.00Moodys-AaaS&P-AA+ FHLB 0.8 3/16/2026-21 3130ALDN1 0.44 3/16/2021 3/16/2026 440 0.800 3,000,000.003,000,000.002,877,540.00Moodys-AaaS&P-AA+ FHLB 0.85 5/27/2026-22 3130AMLF7 0.44 5/27/2021 5/27/2026 512 0.850 3,000,000.003,000,000.002,858,880.00Moodys-AaaS&P-AA+ FHLB 0.875 3/23/2026-21 3130ALGC2 0.44 3/23/2021 3/23/2026 447 0.875 3,000,000.003,000,000.002,878,170.00Moodys-AaaS&P-AA+ FHLB 0.9 8/26/2026-22 3130ANLZ1 0.44 8/26/2021 8/26/2026 603 0.900 3,000,000.003,000,000.002,838,600.00Moodys-AaaS&P-AA+ FHLB 0.92 9/30/2026-22 3130AP2P9 0.44 9/30/2021 9/30/2026 638 0.920 3,000,000.003,000,000.002,830,410.00Moodys-AaaS&P-AA+ FHLB 1 10/14/2026-22 3130AP6U4 0.44 10/14/202110/14/2026 652 1.000 3,000,000.003,000,000.002,830,350.00Moodys-AaaS&P-AA+ FHLB 1.01 9/23/2026-22 3130ANW71 0.44 9/23/2021 9/23/2026 631 1.010 3,000,000.003,000,000.002,836,560.00Moodys-AaaS&P-AA+ FHLB 1.05 6/26/2026-21 3130AMWT5 0.44 6/30/2021 6/26/2026 542 1.064 3,000,000.002,997,900.002,858,340.00Moodys-AaaS&P-AA+ FHLB 1.08 10/14/2026-22 3130AP6Z3 0.44 10/14/202110/14/2026 652 1.080 3,000,000.003,000,000.002,834,430.00Moodys-AaaS&P-AA+ FHLB 1.1 10/13/2026-22 3130APB87 0.44 10/14/202110/13/2026 651 1.167 3,000,000.002,990,250.002,835,690.00Moodys-AaaS&P-AA+ FHLB 1.1 10/21/2026-22 3130APAY1 0.32 10/21/202110/21/2026 659 1.121 2,200,000.002,197,800.002,077,922.00Moodys-AaaS&P-AA+ FHLB 1.125 7/15/2026-21 3130AMYP1 0.44 7/15/2021 7/15/2026 561 1.125 3,000,000.003,000,000.002,857,620.00Moodys-AaaS&P-AA+ FHLB 1.15 10/26/2026-21 3130AP4H5 0.44 10/26/202110/26/2026 664 1.150 3,000,000.003,000,000.002,834,730.00Moodys-AaaS&P-AA+ FHLB 1.4 11/16/2026-22 3130APL37 0.44 11/16/202111/16/2026 685 1.400 3,000,000.003,000,000.002,841,720.00Moodys-AaaS&P-AA+ FHLB 1.45 11/23/2026-21 3130APPW9 0.44 11/23/202111/23/2026 692 1.450 3,000,000.003,000,000.002,842,530.00Moodys-AaaS&P-AA+ FHLB 1.5 11/23/2026-21 3130APVJ1 0.44 11/23/202111/23/2026 692 1.500 3,000,000.003,000,000.002,845,230.00Moodys-AaaS&P-AA+ FHLB 1.5 11/23/2026-21 3130APQB4 0.44 11/23/202111/23/2026 692 1.500 3,000,000.003,000,000.002,841,180.00Moodys-AaaS&P-AA+ FHLB 1.55 12/22/2026-22 3130AQ5C3 0.44 12/22/202112/22/2026 721 1.550 3,000,000.003,000,000.002,841,330.00Moodys-AaaS&P-AA+ FHLB 1.6 12/17/2026-22 3130APXT7 0.44 12/17/202112/17/2026 716 1.600 3,000,000.003,000,000.002,845,020.00Moodys-AaaS&P-AA+ FHLB 1.61 12/30/2026-22 3130AQ5P4 0.44 12/30/202112/30/2026 729 1.610 3,000,000.003,000,000.002,843,400.00Moodys-AaaS&P-AA+ FHLB 1.625 12/30/2026-22 3130AQAB9 0.44 12/30/202112/30/2026 729 1.625 3,000,000.003,000,000.002,844,270.00Moodys-AaaS&P-AA+ FHLB 1.8 1/14/2027 3130AQBS1 0.44 1/14/2022 1/14/2027 744 1.800 3,000,000.003,000,000.002,853,270.00Moodys-AaaS&P-AA+ FHLB 1.85 2/17/2027-22 3130AQNS8 0.44 2/17/2022 2/17/2027 778 1.850 3,000,000.003,000,000.002,849,730.00Moodys-AaaS&P-AA+ FHLB 1.9 2/17/2027-22 3130AQPE7 0.44 2/17/2022 2/17/2027 778 1.900 3,000,000.003,000,000.002,852,760.00Moodys-AaaS&P-AA+ FHLB 1.9 2/23/2027-23 3130AQTC7 0.44 2/23/2022 2/23/2027 784 1.900 3,000,000.003,000,000.002,851,410.00Moodys-AaaS&P-AA+ FHLB 2 2/25/2027-22 3130AQRH8 0.44 2/25/2022 2/25/2027 786 2.000 3,000,000.003,000,000.002,857,140.00Moodys-AaaS&P-AA+ FHLB 2 2/25/2027-22 3130AQRQ8 0.44 2/25/2022 2/25/2027 786 2.000 3,000,000.003,000,000.002,857,140.00Moodys-AaaS&P-AA+ FHLB 2.05 2/25/2027-22 3130AQUY7 0.44 2/25/2022 2/25/2027 786 2.050 3,000,000.003,000,000.002,860,170.00Moodys-AaaS&P-AA+ FHLB 2.14 2/25/2027-22 3130AQW58 0.35 2/25/2022 2/25/2027 786 2.203 2,400,000.002,392,800.002,292,504.00Moodys-AaaS&P-AA+ FHLB 2.2 3/29/2027-23 3130ARB34 0.44 3/29/2022 3/29/2027 818 2.200 3,000,000.003,000,000.002,861,850.00Moodys-AaaS&P-AA+ FHLB 2.2 3/4/2027-22 3130AQVH3 0.44 3/4/2022 3/4/2027 793 2.200 3,000,000.003,000,000.002,867,820.00Moodys-AaaS&P-AA+ FHLB 2.25 3/4/2027-22 3130AQX65 0.44 3/4/2022 3/4/2027 793 2.250 3,000,000.003,000,000.002,870,880.00Moodys-AaaS&P-AA+ FHLB 2.3 3/29/2027-23 3130ARBF7 0.44 3/29/2022 3/29/2027 818 2.300 3,000,000.003,000,000.002,868,240.00Moodys-AaaS&P-AA+ FHLB 2.5 2/25/2027-22 3130AQYG2 0.44 2/28/2022 2/25/2027 786 2.500 3,000,000.003,000,000.002,882,820.00Moodys-AaaS&P-AA+ FHLB 2.5 3/10/2027-22 3130AQYY3 0.44 3/10/2022 3/10/2027 799 2.500 3,000,000.003,000,000.002,883,570.00Moodys-AaaS&P-AA+ FHLB 2.6 3/25/2027-22 3130AR7E5 0.44 3/25/2022 3/25/2027 814 2.600 3,000,000.003,000,000.002,887,710.00Moodys-AaaS&P-AA+ FHLB 2.75 3/25/2027-22 3130ARAB7 0.44 3/30/2022 3/25/2027 814 2.750 3,000,000.003,000,000.002,902,140.00Moodys-AaaS&P-AA+ FHLB 2.75 3/8/2027-22 3130AQZT3 0.44 3/8/2022 3/8/2027 797 2.750 3,000,000.003,000,000.002,899,560.00Moodys-AaaS&P-AA+ FHLB 3 3/25/2027-22 3130ARDV0 0.44 4/8/2022 3/25/2027 814 3.000 3,000,000.003,000,000.002,913,240.00Moodys-AaaS&P-AA+ FHLB 3 4/20/2026-22 3130ARGN5 0.44 6/2/2022 4/20/2026 475 3.304 3,000,000.002,967,000.002,947,530.00Moodys-AaaS&P-AA+ FHLB 3 4/21/2027-22 3130ARGE5 0.44 4/21/2022 4/21/2027 841 3.000 3,000,000.003,000,000.002,907,180.00Moodys-AaaS&P-AA+ FHLB 3.5 4/28/2027-22 3130ARPB1 0.44 4/28/2022 4/28/2027 848 3.500 3,000,000.003,000,000.002,939,700.00Moodys-AaaS&P-AA+ FHLB 3.75 5/26/2027-23 3130ARYT2 0.44 5/26/2022 5/26/2027 876 3.750 3,000,000.003,000,000.002,952,990.00Moodys-AaaS&P-AA+ Description CUSIP/Ticker% of PortfolioSettlement DateMaturity DateDays To MaturityYTM @ CostFace Amount/SharesCost Value Market Value Credit Rating 1Credit Rating 2 FHLB Step 8/12/2025-23 3130AKV78 0.15 3/3/2023 8/12/2025 224 5.102 1,000,000.00901,205.00 980,640.00Moodys-AaaS&P-AA+ FHLMC 0.375 9/23/2025 3137EAEX3 0.44 2/16/2022 9/23/2025 266 1.885 3,000,000.002,842,922.592,917,530.00Moodys-AaaS&P-AA+ FHLMC 0.625 10/27/2025-21 3134GW3X2 0.44 10/27/202010/27/2025 300 0.625 3,000,000.003,000,000.002,911,770.00Moodys-AaaS&P-AA+ FHLMC 0.65 11/26/2025-21 3134GXFA7 0.44 11/30/202011/26/2025 330 0.650 3,000,000.003,000,000.002,904,060.00Moodys-AaaS&P-AA+ FHLMC 0.7 6/10/2025-23 3134GVB56 0.15 3/3/2023 6/10/2025 161 5.102 1,000,000.00906,770.00 984,300.00Moodys-AaaS&P-AAA FHLMC 4 5/17/2027-22 3134GXSH8 0.44 5/17/2022 5/17/2027 867 4.000 3,000,000.003,000,000.002,966,940.00Moodys-AaaS&P-AA+ FNMA 0.375 8/25/2025 3135GO5X7 0.44 3/15/2022 8/25/2025 237 2.050 3,000,000.002,833,704.002,924,880.00Moodys-AaaS&P-AA+ FNMA 0.56 11/17/2025-22 3135GA2Z3 0.44 11/17/202011/17/2025 321 0.560 3,000,000.003,000,000.002,905,320.00Moodys-AaaS&P-AA+ FNMA 0.65 11/18/2025-22 3135GA4P3 0.44 11/18/202011/18/2025 322 0.650 3,000,000.003,000,000.002,905,170.00Moodys-AaaS&P-AA+ FNMA 4.5 4/10/2029-25 3135GAQY0 0.44 4/10/2024 4/10/2029 1,561 4.716 3,000,000.002,971,500.002,985,690.00Moodys-AaaS&P-AA+ FNMA 4.75 5/15/2029-25 3135GAS36 0.44 5/15/2024 5/15/2029 1,596 4.978 3,000,000.002,970,000.002,990,730.00Moodys-AaaS&P-AA+ Sub Total / Average US Agency | 90 % 26.33 676 1.904 181,600,000.00180,870,911.59 174,330,216.00 US Treasury | No Limit
T-Note 0.25 7/31/2025 91282CAB7 0.44 3/29/2022 7/31/2025 212 2.605 3,000,000.002,775,234.382,931,780.00Moodys-AaaS&P-AA+ T-Note 0.5 5/31/2027 912828ZS2 0.44 6/14/2022 5/31/2027 881 3.277 3,000,000.002,621,250.002,743,050.00Moodys-AaaS&P-AA+ T-Note 1.5 8/15/2026 9128282A7 0.44 6/15/2022 8/15/2026 592 3.603 3,000,000.002,757,773.442,871,840.00Moodys-AaaS&P-AA+ T-Note 2 8/15/2025 912828K74 0.44 4/7/2022 8/15/2025 227 2.752 3,000,000.002,928,046.882,958,360.00Moodys-AaaS&P-AA+ T-Note 2.375 5/15/2027 912828X88 0.44 6/13/2022 5/15/2027 865 3.099 3,000,000.002,901,562.502,873,010.00Moodys-AaaS&P-AA+ T-Note 2.75 6/30/2025 912828XZ8 0.44 3/22/2022 6/30/2025 181 2.351 3,000,000.003,037,500.002,978,490.00Moodys-AaaS&P-AA+ T-Note 2.875 6/15/2025 91282CEU1 0.44 8/23/2022 6/15/2025 166 3.400 3,000,000.002,957,988.272,981,880.00Moodys-AaaS&P-AA+ Sub Total / Average US Treasury | No Limit 3.05 446 3.012 21,000,000.0019,979,355.4720,338,410.00 Total / Average 100 595 3.445 689,624,017.00680,795,077.30673,274,654.50