Corona City Council
February 5, 2025

Wednesday, February 5, 2025
Closed Session Council Board Room 4:30 PM
Open Session Council Chambers 6:30 PM
** Revised agenda on Tuesday, February 4, 2025 at 3:15 p.m. Item 7.13 – staff report and exhibits were revised.

Revised agenda on Wednesday, February 5, 2025 at 4:28 p.m. Item 7.12 - presentation was revised ** This meeting will be conducted in person. You can participate remotely: https://coronaca-gov.zoom.us/j/83255472662

1. CONVENE CLOSED SESSION

1.1 CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION Pursuant to Government Code Section 54956.9(d)(1)
Name of Case: Jonathan Aparicio v. City of Corona
WCAB Case Numbers: ADJ3118795

1.2 PUBLIC EMPLOYEEPERFORMANCE EVALUATION
Pursuant to Government Code Section 54957
Title: City Manager

1.3 PUBLIC EMPLOYEEPERFORMANCE EVALUATION
Pursuant to Government Code Section 54957
Title: City Attorney/Legal & Risk Management Director

2. INVOCATION
The invocation may be offered by a person of any religion, faith, belief or non-belief, as well as Council Members. A list of volunteers is maintained by the City Clerk and interested persons should contact the Clerk for further information.

3. PLEDGE OF ALLEGIANCE

4. CONVENE OPEN SESSION
Individuals wishing to address the City Council are requested to complete a speaker card available at the rear of the Council Chambers. Please deliver the card to the City Clerk prior to the item being heard by the City Council or, for items not listed on the agenda, before the "Communications" section of the agenda is called.

Please observe a three-minute limit for communications and please note that the Communications section of the agenda is limited to items within the subject matter jurisdiction of the City Council that are not listed on the agenda. Once called upon to speak, you are requested to state your name and city of residence for the record.

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS

6. MEETING MINUTES

6.1 MINUTES - CITY COUNCIL MEETING JANUARY 15, 2025

Approval of Minutes for the City Council, Successor Agency to the Redevelopment Agency of the City of Corona, Corona Public Financing Authority, Corona Utility Authority, Corona Housing Authority City Council Meeting of January 15, 2025.

7. CONSENT CALENDAR
All items listed on the Consent Calendar are considered to be routine matters, status reports or documents covering previous City Council action. The items listed on the Consent Calendar may be enacted in one motion. With the concurrence of the City Council, a Council member or any person in attendance may request that an item be removed for further consideration.

7.1 CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF

CORONA, CORONA PUBLIC FINANCING AUTHORITY, CORONA UTILITY AUTHORITY, AND

CORONA HOUSING AUTHORITY TO RECEIVE AND FILE THE MONTHLY INVESTMENT PORTFOLIO REPORT FOR NOVEMBER 2024

7.2 CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF

CORONA, CORONA PUBLIC FINANCING AUTHORITY, CORONA UTILITY AUTHORITY, AND

CORONA HOUSING AUTHORITY TO RECEIVE AND FILE THE MONTHLY FISCAL REPORT FOR NOVEMBER 2024

7.3 QUARTERLY SALES TAX REPORT - 2024, QUARTER 3 (JULY - SEPTEMBER) That the City Council receive and file the quarterly sales tax information from HdL Companies for Quarter 3 2024 (July – September).

7.4 RESOLUTION ACKNOWLEDGING THE INSPECTION OF CERTAIN OCCUPANCIES REQUIRED TO PERFORM ANNUAL INSPECTIONS IN SUCH OCCUPANCIES PURSUANT TO SECTIONS 13146.2 AND 13146.3 OF THE CALIFORNIA HEALTH AND SAFETY CODE
That the City Council adopt Resolution No. 2025-010, acknowledging the inspection of certain occupancies required to perform annual inspections in such occupancies pursuant to sections 13146.2 and 13146.3 of the California Health and Safety Code

7.5 MAINTENANCE AND GENERAL SERVICES AGREEMENT WITH ESTATE DESIGN AND CONSTRUCTION, INC. FOR THE LESTER WATER TREATMENT PLANT GRAVITY THICKENER

REHABILITATION PROJECT
That the City Council:

Award Notice of Inviting Bids 25-023AT to Estate Design and Construction, Inc., the lowest responsive, responsible bidder, for the total bid amount of $178,669 and waive all minor irregularities in the bidding documents as submitted by said bidder for the Lester Water Treatment Plant Gravity Thickener Rehabilitation Project. a.

Authorize an appropriation in the amount of $188,743 from the Water Utility Fund 570 to the Lester Water Treatment Plant Gravity Thickener Paint Operating and Maintenance Project No. 78200.
b.

Authorize the City Manager, or his designee, to execute the Maintenance/General Services Agreement with Estate Design and Construction, Inc., including any purchase orders, nonsubstantive extensions, change orders, and amendments up to 10% of the total contract amount or $17,866.90 as authorized by Corona Municipal Code Section 3.08.060(J). c.

That the Corona Utility Authority review, ratify, and to the extent necessary, direct the City Council to

take the above actions.

7.6 MAINTENANCE/GENERAL SERVICES AGREEMENT WITH RIVERSIDE COMMUNICATIONS TO PURCHASE AND INSTALL (20) KENWOOD VIKING MOBILE RADIOS
That the City Council:

Award Notice Inviting Bids (NIB) 25-018MB, Fire Department Mobile Radios and Vehicle Upfit Services, to RIVCOMM, the lowest responsive, responsible bidder, for the total bid amount of $154,853.24, and waive all minor irregularities in the bidding document as submitted by said bidder.
a.

Approve the Maintenance/General Services Agreement with RIVCOMM for the Fire Department Mobile Radios and Vehicle Upfit Services Project in the amount of $154,853.24. b.

Authorize the City Manager, or his designee, to execute change orders, as needed, to fully utilize the total available FEMA AFG grant within the project scope and deadline. c.

Authorize an appropriation in the amount of $20,936.07 to the Fire Department’s operating budget within the General Fund 110 for the required 10% match for the grant award amount of $209,361.
d.

7.7 FISCAL YEAR 2025 PENSION STABILIZATION TRUST CONTRIBUTION That the City Council:

Approve the annual contribution of $2,000,000 from Measure X Reserves Fund 120 to the Pension Stabilization Trust Fund 485.
a.

Approve the Pension Stabilization Trustee Board’s recommendation to contribute $700,000 of the Fiscal Year 2024 General Fund 110 year-end surplus to the Pension Stabilization Trust Fund 485.
b.

Authorize the City Manager, or his designee, to make the necessary budget and accounting adjustments for the Fiscal Year 2025 contribution.
c.

7.8 CONTRACT CHANGE ORDERS WITH PACIFIC HYDROTECH CORPORATION FOR THE WRF3 LIFT STATION PROJECT NO UT-2015-05

APPROVE, PURSUANT TO STATUTORY AND COMMON-SENSE EXEMPTIONS FROM THE CALIFORNIA ENVIRONMENTAL QUALITY ACT, CONTRACT CHANGE ORDERS NO. 7 AND NO. 8

WITH PACIFIC HYDROTECH CORPORATION TO INCREASE THE CONTRACT AMOUNT BY $1,545,933, FOR THE WATER RECLAMATION FACILITY #3 LIFT STATION PROJECT, CAPITAL IMPROVEMENT PROJECT NO. UT-2015-05
That the City Council:

Approve, pursuant to statutory and common-sense exemptions from the California Environmental Quality Act, contract Change Orders No. 7 and No. 8 with Pacific Hydrotech Corporation for the Water Reclamation Facility #3 Lift Station Project, Capital Improvement Project No. UT-2015-05, to increase the contract amount by $1,545,933, for a total contract amount of $7,274,840.
a.

Authorize the City Manager, or his designee, to execute contract change orders with Pacific Hydrotech Corporation to increase the contract amount by $1,545,933, amending the total contract amount to $7,274,840 including any non-substantive extensions, change orders, purchase orders, and amendments up to $727,484, which is equivalent to 10% of the revised b.

contract amount.

Authorize the City Manager, or his designee, to issue a change order to Purchase Order P21893 to Pacific Hydrotech Corporation in the amount of $1,545,933. c.

Authorize an appropriation in the amount of $700,000 from Sewer Utility Fund 572 to the WRF #3 Lift Station Project, Capital Improvement Project No. UT-2015-05. d.

7.9 RELEASE OF LANDSCAPE SECURITIES POSTED BY THE NEW HOME COMPANY SOUTHERN

CALIFORNIA LLC

RELEASE OF LANDSCAPE SECURITIES POSTED BY THE NEW HOME COMPANY SOUTHERN CALIFORNIA LLC, A CALIFORNIA LIMITED LIABILITY COMPANY FOR TRACT MAP 37030 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15 (APPLICANT:

THE NEW HOME COMPANY SOUTHERN CALIFORNIA LLC, A CALIFORNIA LIMITED LIABILITY

COMPANY)
That the City Council:
a. Accept the landscape improvements associated with Tract Map 37030.

Retain twenty-five percent (25%) of the Faithful Performance Security for one year beyond the acceptance of the improvements as security for repair and replacement of any improvements that fail to meet City standards at the end of the one-year period. (Bond No.

PB02497500924)
b.

Retain the Labor and Material Security for six months beyond the acceptance of the improvements and automatically release the security unless claims are filed. (Bond No.

PB02497500924)
c.

7.10 RELEASE OF LANDSCAPE SECURITIES POSTED BY TAYLOR MORRISON OF CALIFORNIA LLC

RELEASE OF THE LANDSCAPE SECURITIES POSTED BY TAYLOR MORRISON OF CALIFORNIA LLC, A CALIFORNIA LIMITED COMPANY FOR TRACT MAP 37644 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF INTERSTATE 15 (APPLICANT: TAYLOR MORRISON OF

CALIFORNIA LLC, A CALIFORNIA LIMITED COMPANY)
That the City Council:
a. Accept the landscape improvements associated with Tract Map 37644.

Retain twenty-five percent (25%) of the Faithful Performance Security for one year beyond the acceptance of the improvements as security for repair and replacement of any improvements that fail to meet City standards at the end of the one-year period. (Bond No. 613-103587-2, 613-103589-9, 613-103591-7)
b.

Retain the Labor and Material Security for six months beyond the acceptance of the improvements and automatically release the security unless claims are filed. (Bond No. 613- 103587-2, 613-103589-9, 613-103591-7)
c.

7.11 MEMORANDUM OF UNDERSTANDING WITH THE CITY OF INDIO REGARDING

REIMBURSEMENT OF OFF-DUTY POLICE OFFICERS AND EQUIPMENT AT COACHELLA AND

STAGECOACH MUSIC FESTIVALS
That the City Council:

Approve the Memorandum of Understanding with the City of Indio for reimbursement funding for officer assistance at the Coachella Music Festival and Stagecoach Music Festival occurring in the City of Indio, and authorize the City Manager, or his designee, to execute the a.

Memorandum of Understanding.

Appropriate $57,646 annually from the unappropriated General Fund Balance to the Police Department’s operating budget and increase estimated revenues by the same amount to be reimbursed from the City of Indio.
b.

Authorize the City Manager, or his designee, to adjust the budget accordingly based on actual costs incurred.
c.

Authorize the City Manager, or his designee, to approve increases to the administrative fee for subsequent Memorandum of Understandings (MOUs).
d.

7.12 FISCAL YEAR 2025 QUARTER 2 BUDGET AND STRATEGIC PLAN PROGRESS REPORT UPDATE

7.13 FISCAL YEAR 2025 QUARTER 2 BUDGETARY ADJUSTMENTS
That the City Council:

Appropriate $484,421, as noted in Exhibit 1 - Appropriations, Estimated Revenues, and Transfers.
a.
b. Change Order to increase Ewing Irrigation Products Inc. Purchase Order to $170,000. i. Authorize an increase of $75,000 to B250402 for a total purchase order of $170,000. c. Change Order to increase Workday Inc. Purchase Order to a total of $608,473. i. Authorize an increase of $66,660 to P23756 for a total purchase order of $608,473. d. Change Order to increase CanAm Technologies Inc. Purchase Order to $380,121. i. Authorize an increase of $280,905 to P23703 for a total purchase order of $380,121.

Change Order to increase multiple Animal Enforcement Professional / Contractual Purchase Orders.
e.

Authorize an increase of $25,000 to B250057 for a total purchase order of $80,000 for Animal Hospital of Eagle Glen.
i.

Authorize an increase of $65,000 to B250188 for a total purchase order of $120,000 for Animal Medical Center of Corona.
ii.

Authorize an increase of $25,000 to B250189 for a total purchase order of $80,000 for Corona Community Veterinary Hospital.
iii.
f. Change Order to increase DXP Enterprise, Inc. Purchase Order to $350,000. i. Authorize an increase of $150,000 to B250025 for a total purchase order of $350,000.

Adopt Resolution No. 2025-009, approving the City of Corona Position Library and Compensation Plan and repealing all prior Plans, including Resolution No. 2024-112, effective February 8, 2025.
g.

Authorize and establish ownership of revenue for all funds deposited into the designated revenue account for the acquisition, replacement, and installation of new cameras to be utilized in the Community Partner Camera Funding Agreement. h.

Authorize and establish ownership of revenue for all funds deposited into the designated revenue account for the tree trimming service pass-through fees. i.

Authorize and establish ownership of lease and rental revenue for all funds deposited into the designated revenue account for the Corona Mall operations. j.

8. COMMUNICATIONS FROM THE PUBLIC
Persons wishing to address the City Council are requested to state their name and city of residence for the record. This portion of the agenda is intended for general public comment only, which means it is limited to items within the subject matter jurisdiction of the City Council that are not listed on the agenda. Please note that state law prohibits the City Council from discussing or taking action on items not listed on the agenda. The City Council will appreciate your cooperation in keeping your comments brief. Please observe a three-minute limit for communications.

9. PUBLIC HEARINGS
This portion of the agenda is for advertised public hearing items where formal public testimony on each individual item is accepted prior to City Council action.

9.1 GENERAL PLAN AMENDMENT 2020-0002 AMENDING THE LAND USE DESIGNATIONS ON A TOTAL OF 158.54 ACRES
GENERAL PLAN AMENDMENT 2020-0002 AMENDING THE LAND USE DESIGNATIONS ON A TOTAL OF 158.54 ACRES FROM MIXED USE II, GENERAL COMMERCIAL AND ESTATE RESIDENTIAL TO OPEN SPACE ON 103.73 ACRES, GENERAL COMMERCIAL ON 5.5 ACRES AND MIXED USE II ON 49.31 LOCATED ON THE NORTH AND SOUTH SIDES OF GREEN RIVER ROAD, WEST OF DOMINGUEZ RANCH ROAD (APPLICANT: PSIP WR GREEN RIVER LLC) That the City Council:

Adopt Resolution 2025-007 certifying the Final Subsequent Environmental Impact Report for the Green River Ranch Specific Plan Amendment and business park development and relocation of proposed Constrained Linkage 1 of the Western Riverside County Multiple Species Habitat Conservation Plan (SCH# 2022080640), adopting environmental findings pursuant to the California Environmental Quality Act, and adopting a Statement of Overriding Considerations and a Mitigation Monitoring and Reporting Program. a.

Adopt Resolution 2025-008 approving General Plan Amendment 2020-0002 amending the General Plan to change the land use designation of 5.5 acres located north of Green River Road and west of Dominguez Ranch Road from Mixed Use II (Industrial & Commercial) to General Commercial, and change the land use designations on the south side of Green River Road and west of Dominguez Ranch Road from General Commercial, Mixed Use II, and Estate Residential to 49.31 acres of Mixed Use II, and 103.73 acres of Open Space-General as part of Cycle 1 of the General Plan Amendments for 2025 (GPA2020-0002). b.

9.2 SPECIFIC PLAN AMENDMENT 2020-0006 TO CHANGE AND REORGANIZE THE ZONING

DESIGNATIONS
SPECIFIC PLAN AMENDMENT 2020-0006 TO CHANGE AND REORGANIZE THE ZONING

DESIGNATIONS WITHIN THE GREEN RIVER RANCH SPECIFIC PLAN, AND MAKE

CORRESPONDING REVISIONS TO THE MAPS, TABLES, ILLUSTRATIONS AND TEXT THROUGHOUT THE SPECIFIC PLAN DOCUMENT (APPLICANT: PSIP WR GREEN RIVER LLC) That the City Council:

Approve Specific Plan Amendment 2020-0006, as recommended by the Planning and Housing Commission.
a.

Introduce, by title only, and waive full reading of consideration of Ordinance No. 3409, first reading of an ordinance approving an amendment to the Green River Ranch Specific Plan (SP00-001) to change and reorganize the land use designations and make corresponding revisions to the maps, tables, illustrations and text throughout the Green River Ranch b.

Specific Plan (SPA2020-0006).

9.3 TENTATIVE TRACT MAP 37963 TO SUBDIVIDE 154.50 ACRES INTO SEVEN LOTS TENTATIVE TRACT MAP 37963 TO SUBDIVIDE 154.50 ACRES INTO SEVEN LOTS IN THE

BUSINESS PARK INDUSTRIAL AND OPEN SPACE DESIGNATIONS OF THE GREEN RIVER

RANCH SPECIFIC PLAN LOCATED AT THE SOUTHWEST CORNER OF GREEN RIVER ROAD AND DOMINGUEZ RANCH ROAD (APPLICANT: PSIP WR GREEN RIVER LLC) (NOT ADVERTISED AS A

PUBLIC HEARING)
That the City Council approve Tentative Tract Map 37963 based on the findings and conditions of approval as recommended by the Planning and Housing Commission.

9.4 PRECISE PLAN 2020-0004 FOR THE REVIEW OF THE SITE PLAN, ARCHITECTURE,

LANDSCAPING
PRECISE PLAN 2020-0004 FOR THE REVIEW OF THE SITE PLAN, ARCHITECTURE,

LANDSCAPING AND OTHER FEATURES ASSOCIATED WITH A LIGHT INDUSTRIAL BUSINESS PARK DEVELOPMENT CONSISTING OF FIVE BUILDINGS TOTALING 746,167 SQUARE FEET ON

49.31 ACRES, LOCATED ON THE SOUTH SIDE OF GREEN RIVER ROAD, BETWEEN FRESNO ROAD AND DOMINGUEZ RANCH ROAD (APPLICANT: PSIP WR GREEN RIVER LLC) (NOT AN

ADVERTISED PUBLIC HEARING)
That the City Council affirm the Planning and Housing Commission’s action in granting PP2020-0004, based on the finding contained in the staff report and conditions of approval.

10. ADMINISTRATIVE REPORTS
The portion of the agenda is for Council discussion and action on staff reports and new topics that may not be routine status reports, or documents covering previous City Council action.

10.1 MAYOR STEINER’S REQUEST FOR COUNCIL’S CONSIDERATION TO ADJUST THE REGULAR

MEETING START TIME
That the City Council introduce, by title only, and waive full reading of consideration of Ordinance No. 3411, the first reading of an ordinance amending Section 2.08.010 of the Corona Municipal Code to allow the City Council to set its regular meeting start times by resolution.
a.

Adopt Resolution No. 2025-011, approving the City Council Meeting Schedule for Calendar Year 2025.
b.

11. LEGISLATIVE MATTERS
The portion of the agenda is for proposed ordinances presented for the City Council's consideration.

12. REPORTS FROM BOARDS AND COMMISSIONS
This portion of the agenda lists items from Commissions and Boards from the City Council, Commissioners, and Staff.

12.1 Library Board of Trustees

12.2 Planning & Housing Commission

12.3 Parks & Recreation Commission

12.4 Regional Meetings

12.4.a UPDATE FROM MAYOR JIM STEINER ON THE RIVERSIDE TRANSITAGENCY (RTA) BOARD MEETING OF JANUARY 23, 2025

12.4.b UPDATE FROM COUNCIL MEMBER WES SPEAKE ON THE CALIFORNIA LEAGUE OF

CITIES HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE MEETING OF JANUARY 23-24, 2025

12.4.c UPDATE FROM COUNCIL MEMBER WES SPEAKE ON THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC) I-15 COMMITTEE MEETING OF JANUARY 27, 2025

12.4.d UPDATE FROM COUNCIL MEMBER WES SPEAKE ON THE SOUTHERN CALIFORNIA

ASSOCIATION OF GOVERNMENTS (SCAG) TRANSPORTATION COMMITTEE MEETING OF JANUARY 30, 2025

12.4.e UPDATE FROM COUNCIL MEMBER TONY DADDARIO ON THE WESTERN RIVERSIDE COUNTY REGIONAL CONSERVATION AUTHORITY (RCA) MEETING OF FEBRUARY 3, 2025

13. CITY ATTORNEY'S REPORTS AND COMMENTS

14. CITY MANAGER'S REPORTS AND COMMENTS

15. CITY COUNCIL MEMBERS' REPORTS AND COMMENTS

15.1 CITY COUNCIL APPOINTMENT OF SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (SCAG) GENERAL ASSEMBLY DELEGATE AND ALTERNATE FOR THE SCAG GENERAL ASSEMBLY MEETING OF MAY 1 - 2, 2025

16. FUTURE AGENDA ITEMS
This portion of the agenda is for items requested by the Mayor, Council Members or Staff for consideration at a future meeting. No immediate action is taken on Future Agenda Items; this section serves to highlight topics that will be considered at upcoming meetings. Council action on items that have appeared in this section takes place under Administrative Reports, when accompanied by a staff report.

16.1 (NEW) PANHANDLING (J. STEINER) - TBD

16.2 NORTH MALL UPDATE (STAFF) FEBRUARY 19, 2025

16.3 CORPORATE AND COMMUNITY GIVING POLICY (STAFF) FEBRUARY/MARCH

16.4 DOWNTOWN REVITALIZATION UPDATE (STAFF) MARCH

16.5 INCLUSIONARY HOUSING ORDINANCE (W. SPEAKE) – TBD

16.6 UPDATE TO THE HISTORIC RESOURCES INVENTORY (W. SPEAKE) TBD

16.7 REQUEST FOR THE COUNCIL TO CONSIDER ADOPTING A POLICY FOR THE USE OF THE CITY’S LOGO FOR LOCAL YOUTH SPORTS LEAGUES (T. DADDARIO) TBD

16.8 REALIGNMENT OF THE INTERSECTION OF MAGNOLIA/EL SOBRANTE (W. SPEAKE) TBD

16.9 FUTURE CIP FOR DEDICATED RIGHT TURN LANE FOR WB BEDFORD TO CAJALCO (W.

SPEAKE) TBD

17. ADJOURNMENT
The next regular meeting of the City Council is scheduled for February 19, 2025 or thereafter as noted on the posted agenda for closed session items in the City Council Board Room followed by the regular meeting at 4:30 pm or thereafter as noted on the posted agenda in the City Council Chambers.

This meeting is being conducted in person as well as via teleconference. For members of the public wishing to submit written comments, please email comments to the City Clerk at [email protected] prior to the City Council meeting and your comments will be made part of the official record of proceedings.

In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the ADA Coordinator at (951) 736-2235. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting.

Meeting is Being Recorded.

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1 City of Corona
City Council Minutes
Wednesday, January 15, 2025, 6:30 p.m.

Closed Session- Council Board Room
Council Present: Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, Wes Speake
_____________________________________________________________________

1. CONVENE CLOSED SESSION
Closed Session Convened at 5:38 p.m. for the purposes listed below. Present were Mayor Richins, Vice Mayor Steiner, Council Member Daddario, and Council Member Speake. Council Member Casillas was absent. Closed Session adjourned at 5:42 p.m.

1.1 CONFERENCEWITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code Section 54956.8
Property: APN 118-270-049
Agency Negotiator: Jacob Ellis, City Manager
Negotiating Parties: Ken Calvert, Member of the U.S House of Representatives Under Negotiation: Price and Terms of Payment

2. INVOCATION
None.

3. PLEDGE OF ALLEGIANCE - Sarina Love Murillo
The Pledge of Allegiance was led by Sabrina Love Murillo.

4. CONVENE OPEN SESSION
Mayor Steiner called the meeting to order at 6:30 p.m.

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS

5.1 RECOGNITION: HOLLY'S PLOGGERS
Saijal Patel Group accepted the Recognition.

5.2 RECOGNITION: CORONA CHARGERS SUPER BOWL CHAMPIONS
Coach Mike Loya and the Corona Chargers Super Bowl Champions accepted the recognition.

6. MEETING MINUTES
Moved by: Tom Richins
Seconded by: Jacque Casillas

DRAFT
2 Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake MotionAPPROVED (5 to 0)

6.1 MINUTES - CITY COUNCIL MEETING DECEMBER 18, 2024
Approval of Minutes for the City Council, Successor Agency to the Redevelopment Agency of the City of Corona, Corona Public Financing Authority, Corona Utility Authority, Corona Housing Authority Special Meeting of December 18, 2024.

These Minutes were approved.

6.2 MINUTES - CITY COUNCIL MEETING DECEMBER 18, 2024
Approval of Minutes for the City Council, Successor Agency to the Redevelopment Agency of the City of Corona, Corona Public Financing Authority, Corona Utility Authority, Corona Housing Authority City Council Meeting of December 18, 2024.

These Minutes were approved.

7. CONSENT CALENDAR
The Consent Calendar was approved with the exception of Items 7.3 and 7.5, which were voted on separately.

Moved by: Wes Speake
Seconded by: Tom Richins
Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake MotionAPPROVED (5 to 0)

7.1 CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT

AGENCY OF THE CITY OF CORONA, CORONA PUBLIC FINANCING

AUTHORITY, CORONA UTILITY AUTHORITY, AND CORONA HOUSING

AUTHORITY TO RECEIVE AND FILE THE MONTHLY INVESTMENT
PORTFOLIO REPORT FOR OCTOBER 2024
This Item was received and filed.

7.2 CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT

AGENCY OF THE CITY OF CORONA, CORONA PUBLIC FINANCING

AUTHORITY, CORONA UTILITY AUTHORITY, AND CORONA HOUSING

AUTHORITY TORECEIVE AND FILE THE MONTHLY FISCAL REPORT FOR OCTOBER 2024
This Item was received and filed.

7.3 CITY COUNCIL ADOPTION OF ORDINANCE NO. 3408, SECOND READING

OF AN ORDINANCE OF THE CITY OFCORONA, CALIFORNIA
The following residents addressed the Council with their concerns regarding the proposed item: Don Fuller and Joe Morgan.

DRAFT
3 Council Member Daddario had inquiries and Fire Chief Young provided clarification.

Moved by: Tony Daddario
Seconded by: Tom Richins
Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

7.4 AWARD A MAINTENANCE AND GENERAL SERVICES AGREEMENT TO RAM PLUMBING, INC. FOR ON-CALL PLUMBING SERVICES
This Agreement was approved.

That the City Council:
a. Award NIB 25-009SB for on-call plumbing maintenance services to RAM Plumbing Inc. in the amount of $250,000 through June 30, 2025, with two additional two-year optional renewal periods, and waive all minor irregularities in the proposal.
b. Authorize the City Manager, or his designees, to execute the Maintenance and General Services Agreement with RAM Plumbing, Inc., in the amount of $250,000 per fiscal year, including any non-substantive extensions, change orders, purchase orders, and amendments up to the amount authorized in Corona Municipal Code Section 3.08.060(J), which is equivalent to 10% or $25,000.

7.5 RELEASE OF GRADING, IMPROVEMENT, AND SURVEY MONUMENTATION SECURITIES POSTED BY CORONA-UPPER DRIVE 25, LLC, A DELAWARE LIMITED LIABILITY COMPANY FOR TRACT MAP 31373 LOCATED ON THE

EAST SIDE OF LESTER AVENUE, SOUTH OF UPPER DRIVE
Joanne Coletta, Planning and Development Director, provided a report. Council Member Speake had inquiries and Ms. Coletta provided clarification.

Moved by: Wes Speake
Seconded by: Tom Richins
That the City Council:
a. Accept the improvements associated with Tract Map 31373 b. Retain twenty-five percent (25%) of the Faithful Performance Security for one year beyond the acceptance of the improvements as security for repair and replacement of any improvements that fail to meet City standards at the end of the one year. (Bond No. 0733866 FP, 0733867 FP, and 1155938 FP)
c. Retain the Labor and Material Security for six months beyond the acceptance of the improvements and automatically release the security unless claims are filed. (Bond No. 0733866 LM, 0733867 LM and 1155938 LM)

DRAFT
4 d. Release Grading and Erosion Control Securities. (Bond No. 1155939 FP, 1155940 FP, AND R10194)
e. Release the survey monumentation security associated with Tract Map 31373 (Bond No. 0733869)
Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

7.6 RESOLUTION CERTIFYING THE RESULTS OF AN ELECTION AND ADDING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2016-1 (PUBLIC SERVICES) OF THE CITY OF CORONA (ANNEXATION NO. 25)
This Resolution was adopted.

That the City Council adopt Resolution No. 2025-005, certifying the results of an election and adding territory to Community Facilities District No. 2016-1 (Public Services) of the City of Corona (Annexation No. 25).

7.7 RESOLUTION CERTIFYING THE RESULTS OF AN ELECTION AND ADDING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2016-1 (PUBLIC SERVICES) OF THE CITY OF CORONA (ANNEXATION NO. 26)
This Resolution was adopted.

That the City Council adopt Resolution No. 2025-006, certifying the results of an election and adding territory to Community Facilities District No. 2016-1 (Public Services) of the City of Corona (Annexation No. 26).

8. COMMUNICATIONS FROM THE PUBLIC
Robert Auth, resident, addressed the Council regarding the TIP program.

Bobby Spiegel, resident, addressed the Council to commend the Fire Chief and the TIP program.

Colin Markovich, representative from Senator Sabrina Cervantes, provided a Legislative update.

Justin Chou, resident, addressed the Council to provide his concerns with the Public Library.

Joe Morgan, resident, addressed the Council and provided an overview regarding Ordinance No. 3408.

David Hernandez, resident, addressed the Council to commend the Fire Department and expressed concerns with the Corona Police Department.

9. PUBLIC HEARINGS

9.1 PUBLIC HEARING AND ELECTION FOR ANNEXATION NO. 40 INTO COMMUNITY FACILITIES DISTRICT NO. 2016-3 (MAINTENANCE SERVICES) Mayor Steiner opened the Public Hearing. Sylvia Edwards, City Clerk, confirmed she had proof of publication and mailing of the notice of the Public Hearing. She

DRAFT
5 confirmed that she had not received any written protests. Ms. Edwards stated there are no registered voters within the area to be annexed to the CFD, and the owners of all property proposed to be annexed to the CFD agreed to hold a special election on January 15, 2025. Ms. Edwards also agreed to hold a special election on January 15, 2025. Mayor Steiner closed the Public Hearing. Ms.

Edwards confirmed she received one ballot and all votes cast are in favor of levying the special taxes.

Moved by: Wes Speake
Seconded by: Tom Richins
That the City Council adopt Resolution No. 2025-001, calling a special election and submitting to the qualified electors of the territory proposed to be annexed to Community Facility District No. 2016-3 (Maintenance Services) of the City of Corona the question of levying special taxes within the territory proposed to be annexed (Annexation No. 40).

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)
Moved by: Tony Daddario
Seconded by: Jacque Casillas
That the City Council adopt Resolution No. 2025-002, declaring the results of the special election for Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona on the proposition of the annual levy of special taxes within the territory proposed to be annexed to said Community Facilities District to pay the costs of certain services to be provided by the Community Facilities District, determining that the territory proposed to be annexed is added to and part of said Community Facilities District with full legal effect (Annexation No. 40).

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

9.2 PUBLIC HEARING AND ELECTION FOR ANNEXATION NO. 41 INTO COMMUNITY FACILITIES DISTRICT NO. 2016-3 (MAINTENANCE SERVICES) Mayor Steiner opened the Public Hearing. Sylvia Edwards, City Clerk, confirmed she had proof of publication and mailing of the notice of the Public Hearing. She confirmed that she had not received any written protests. Ms. Edwards stated there are no registered voters within the area to be annexed to the CFD, and the owners of all property proposed to be annexed to the CFD agreed to hold a special election on January 15, 2025. Ms. Edwards also agreed to hold a special election on January 15, 2025. Mayor Steiner closed the Public Hearing. Ms.

Edwards confirmed she received one ballot and all votes cast are in favor of levying the special taxes.

DRAFT
6 Moved by: Jacque Casillas
Seconded by: Tom Richins
That the City Council adopt Resolution No. 2025-003, calling a special election and submitting to the qualified electors of the territory proposed to be annexed to Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona the question of levying special taxes within the territory proposed to be annexed (Annexation No. 41).

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)
Moved by: Wes Speake
Seconded by: Jacque Casillas
That the City Council adopt Resolution No. 2025-004, declaring the results of the special election for Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona on the proposition of the annual levy of special taxes within the territory proposed to be annexed to said Community Facilities District to pay the costs of certain services to be provided by the Community Facilities District, determining that the territory proposed to be annexed is added to and part of said Community Facilities District with full legal effect (Annexation No. 41).

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

10. ADMINISTRATIVE REPORTS

10.1 SOUTH MALL UPDATE: LEASING AND DESIGN CONCEPTS
Justin Tucker, Assistant City Manager, and Joel Belding, Economic Development Director, provided a report. The Council had inquiries and provided comments.

Mr. Tucker and Mr. Belding provided clarification.

Justin McBride, resident, addressed the Council with concerns regarding food truck vendors.

Joe Morgan, resident, addressed the Council with his concerns regarding the proposed item.

David Hernandez, resident, addressed the Council with his concerns regarding the proposed item.

That the City Council provide direction on the proposed leasing strategy and feedback on the design concepts for two City-owned properties in the South Mall.

10.2 CANVAS ON THE CURB PILOT PROGRAM
Mirna Romero, Management Analyst II, provided a report. The Council had inquiries and provided comments. Ms. Romero provided clarification.

DRAFT
7 That the City Council provide direction on the future of the Canvas on the Curb Program.

10.3 TRAVEL REQUEST FOR COUNCIL MEMBER WES SPEAKE TO ATTEND

THE LEAGUE OF CAL CITIES POLICY COMMITTEE MEETING
Council Member Speake provided a brief overview.

Moved by: Tom Richins
Seconded by: Jacque Casillas
That the City Council approve the advance request for Council Member Wes Speake to attend the League of Cal Cities 2025 Policy Committee meeting. The estimated total cost of the trip is $846.25, which includes meals, hotel, and transportation.

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

11. LEGISLATIVE MATTERS
None.

12. REPORTS FROM BOARDS AND COMMISSIONS

12.1 Library Board of Trustees
None.

12.2 Planning & Housing Commission
The Council agreed to take no action.

12.2.a CONDITIONAL USE PERMIT 2023-0001 ESTABLISHING A BATTERY ENERGY STORAGE FACILITY ON A COMBINED 5.5 ACRES LOCATED AT

THE NORTHWEST CORNER OF COTA STREET AND RINCON STREET IN THE M-1 (LIGHT MANUFACTURING) ZONE (APNS:119-190-002, 003 & 011)
Council Member Daddario had inquiries. Xente Baker, Deputy Fire Marshal, and Joanne Coletta, Planning & Development Director, provided clarification.

That the City Council:
a. Take no action, thereby affirming the Planning and Housing Commission’s action granting CUP2023-0001, based on the finding contained in the staff report and conditions of approval.

OR
b. Set the item for review at a subsequent meeting.

12.3 Parks & Recreation Commission
None.

DRAFT
8 12.4 Regional Meetings

12.4.a UPDATE FROM TONY DADDARIO ON THE WESTERN RIVERSIDE

COUNTY REGIONAL CONSERVATION AUTHORITY (RCA) MEETING OF JANUARY 6, 2025
Council Member Daddario provided an update.

12.4.b UPDATE FROM WES SPEAKE ON THE RIVERSIDE COUNTY
TRANSPORTATION COMMISSION (RCTC) MEETING OF JANUARY 8,
2025
Council Member Speake provided an update.

13. CITY ATTORNEY'S REPORTS AND COMMENTS
None.

14. CITY MANAGER'S REPORTS AND COMMENTS
Brett Channing, Assistant City Manager, wished everyone a Happy New Year.

15. CITY COUNCIL MEMBERS' REPORTS AND COMMENTS
Council Member Daddario provided a brief overview of the All Play Sports Team meeting.

Council Member Speake commended Police Chief Newman and staff for their hard work on Prop 36. He also thanked the Community Services staff for hiring the LMD Inspector.

He acknowledged the passing of Riverside County Sheriff's Deputy Timothy Corlew and Shahid Jalal, Islamic Society.

Council Member Richins thanked the Corona Fire Department for their hard work in the recent fires. He also thanked Jacob Ellis, City Manager and staff for all their hard work.

Mayor Steiner provided a brief overview of the recent power outages. He also acknowledged the passing of Riverside County Sheriff's Deputy Timothy Corlew.

15.1 CITY COUNCIL CONSIDERATION OF THE 2025 APPOINTMENTS TO

REGIONAL BOARDS AND COMMISSIONS
Mayor Steiner announced there were no changes to the appointees for Regional Boards and Commissions.

The Council unanimously approved the appointments.

15.2 REAPPOINTMENT TO THE LIBRARY BOARD OF TRUSTEES
Council Member Daddario reappointed Aisha Kennerly to the Library Board of Trustees.

Moved by: Wes Speake
Seconded by: Tony Daddario
That the City Council approve the appointment of Aisha Kennerly to the Library Board of Trustees.

DRAFT
9 Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

15.3 REAPPOINTMENT TO THE PLANNING AND HOUSING COMMISSION Council Member Daddario reappointed Sarah Longwell to the Planning and Housing Commission.

Moved by: Tom Richins
Seconded by: Tony Daddario
That the City Council approve the appointment of Sarah Longwell to the Planning and Housing Commission.

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

15.4 REAPPOINTMENT TO THE PARKS AND RECREATION COMMISSION Council Member Daddario reappointed Robert Boggs to the Parks and Recreation Commission.

Moved by: Tony Daddario
Seconded by: Tom Richins
That the City Council approve the appointment of Robert Boggs to the Parks and Recreation Commission.

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

15.5 REAPPOINTMENT TO THE PLANNING AND HOUSING COMMISSION Council Member Richins reappointed Matt Woody to the Planning and Housing Commission.

Moved by: Tom Richins
Seconded by: Jim Steiner
That the City Council approve the appointment of Matt Woody to the Planning and Housing Commission.

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

15.6 REAPPOINTMENT TO THE PARKS AND RECREATION COMMISSION

DRAFT
10 Council Member Richins reappointed Tomas Munoz to the Parks and Recreation Commission.

Moved by: Jacque Casillas
Seconded by: Tom Richins
That the City Council approve the appointment of Tomas Munoz to the Parks and Recreation Commission.

Aye (5): Tom Richins, Jim Steiner, Jacque Casillas, Tony Daddario, and Wes Speake
MotionAPPROVED (5 to 0)

16. FUTURE AGENDA ITEMS
Mayor Steiner provided a brief overview of the Future Agenda items, and the Council provided comments.

Joe Morgan, resident, addressed the Council to thank them for their work on the Future Agenda items.

16.1 (NEW) COUNCIL MEETING START TIME (J. STEINER) - TBD The consensus of the Council was to bring back to a future meeting.

16.2 (NEW) REQUEST FOR THE COUNCIL TO CONSIDER ADOPTING A POLICYFOR THE USE OF THE CITY’S LOGO FOR LOCAL YOUTH SPORTS LEAGUES (T. DADDARIO) TBD
The consensus of the Council was to bring back to a future meeting.

16.3 (NEW) REALIGNMENT OF THE INTERSECTION OF MAGNOLIA/EL SOBRANTE (W. SPEAKE) TBD
The consensus of the Council was to bring back to a future meeting.

16.4 (NEW) FUTURE CIP FOR DEDICATED RIGHT TURN LANE FOR WB BEDFORD TO CAJALCO (W. SPEAKE) TBD
The consensus of the Council was to bring back to a future meeting.

16.5 NORTH MALL UPDATE (STAFF) FEBRUARY/MARCH

16.6 ON DEMAND RESERVATION SYSTEM (STAFF) FEBRUARY/MARCH

16.7 CORPORATE AND COMMUNITY GIVING POLICY (STAFF)

FEBRUARY/MARCH

16.8 DOWNTOWN REVITALIZATION UPDATE (STAFF) MARCH

16.9 HISTORIC CIVIC CENTER OPERATIONS PLAN (STAFF) MARCH/APRIL

16.10 INCLUSIONARY HOUSING ORDINANCE (W. SPEAKE) – TBD

16.11 STREET MORATORIUM (STAFF) TBD

16.12 UPDATE TO THE HISTORIC RESOURCES INVENTORY (W. SPEAKE) TBD

DRAFT
11 17. ADJOURNMENT
The next scheduled meeting of the Council is on February 5, 2025. Mayor Steiner adjourned the meeting at 9:02 p.m. in honor of Riverside County Sheriff Timothy Corlew.

____________________________________________________________________________________________________________________ Prepared By: Chandler Asset Management
City of Corona
Investment Portfolio Report
Month Ending November 30, 2024
In accordance with the City Investment Policy, a monthly investment report shall be filed with the City Council which provides a clear picture of the status of the current investments. The report for the month ending November 30, 2024 has been prepared by Chandler Asset Management. We hereby certify that this report accurately reflects all pooled investments and is in compliance with the City’s Investment Policy. Combined with anticipated revenues, the portfolio contains sufficient investment liquidity to meet budgeted expenditures for the next six months.

SUBMITTED BY:

_____________________________________
Chad T. Willardson
City Treasurer
____________________________________
Brett Channing
Assistant City Manager
____________________________________
Kim Sitton
Finance Director
REVIEWED BY:
_____________________________________
Christine Thompson
Accounting Manager
Investment Summary
City's Investment Pension Trust Total Investment
Beginning balance October 31, 2024 468,876,561 $ 39,972,067 $ $ 508,848,628 Acquisitions / Additions:

Agency Notes - -
US Corporate Notes - -
LAIF 16,400,000 16,400,000
Money Market Fund 1,235,299 25,767 1,261,066
$ 17,635,299 25,767 $ 17,661,066
Dispositions / Withdrawals:

Agency Notes - -
US Corporate Notes 472,534 472,534
LAIF 13,200,000 13,200,000
Money Market Fund 4,418,162 4,418,162
$ 18,090,695 $ 18,090,695
Gain/(Loss) on Dispositions 4,936,513 $ $ 4,936,513
Ending balance November 30, 2024 473,357,677 $ 39,997,834 $ $ 513,355,511 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

MONTHLY ACCOUNT STATEMENT
City of Corona Cons Account | Account #10003 | As of November 30, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com
We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 2

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Average Modified Duration 2.31
Average Coupon 3.31%
Average Purchase YTM 3.54%
Average Market YTM 4.38%
Average Quality AA
Average Final Maturity 2.70
Average Life 2.39
Beg. Values as of
11/01/2024
End Values as of
11/30/2024
Market Value 466,145,311.75 471,591,196.66
Accrued Interest 2,662,783.19 2,667,155.89
Total Market Value 468,808,094.94 474,258,352.56
Income Earned 1,464,798.48 767,137.76
Cont/WD (12,700,000.00) 3,200,000.00
Par 473,782,299.04 478,263,361.85
Book Value 468,876,560.67 473,357,676.99
Cost Value 468,876,560.67 473,357,676.99
United States 32.73%
FHLMC 13.90%
FNMA 5.86%
LAIF 5.56%
Federated Hermes, Inc. 4.52%
Massachusetts Mutual Life Insurance 1.32%
Inter-American Development Bank 1.29%
International Bank for Recon and Dev 1.29%
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P, Moody’s’ and Fitch Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 3

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 11.1 Compliant
Max Maturity (Years) 5.0 4.4 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 8.4 Compliant
Max % Issuer (MV) 5.0 1.2 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 25.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % Issuer (MV) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 23.9 Compliant
Max % Issuer (MV) 5.0 1.3 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 10.0 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 3 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 26.2 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 4.5 Compliant
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 4

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 20.0 4.5 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 25.0 0.9 Compliant
Max % Issuer (MV) 5.0 0.9 Compliant
Max Maturity (Years)54 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years)5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years)3 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 14.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 2.6 Compliant
Max % Issuer (MV) 10.0 1.3 Compliant
Max Maturity (Years)51 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 5

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
U.S. TREASURIES
Max % (MV) 100.0 32.7 Compliant
Max Maturity (Years) 5 4 Compliant
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 6

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Book Value 468,876,560.67 508,517,844.79
Maturities/Calls 0.00 (218,735,000.00)
Principal Paydowns (472,533.52) (11,391,541.00)
Purchases 17,635,298.57 821,554,900.36
Sales (17,618,161.65) (628,774,815.53)
Change in Cash, Payables, Receivables 4,936,459.41 107,140.33 Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 53.51 2,079,148.05
Ending Book Value 473,357,676.99 473,357,676.99
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Market Value 466,145,311.75 500,547,023.51
Maturities/Calls 0.00 (218,735,000.00)
Principal Paydowns (472,533.52) (11,391,541.00)
Purchases 17,635,298.57 821,554,900.36
Sales (17,618,161.65) (628,774,815.53)
Change in Cash, Payables, Receivables 4,936,459.41 107,140.33 Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 964,768.59 6,204,340.95 Realized Gain (Loss) 53.51 2,079,148.05
Ending Market Value 471,591,196.66 471,591,196.66
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (218,735,000.00)
Principal Paydowns
Month to Date (472,533.52)
Fiscal Year to Date (11,391,541.00)
Purchases
Month to Date 17,635,298.57
Fiscal Year to Date 821,554,900.36
Sales
Month to Date (17,618,161.65)
Fiscal Year to Date (628,774,815.53)
Interest Received
Month to Date 762,765.05
Fiscal Year to Date 11,593,291.94
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date 60,251.89
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 7

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 198,494.96 11/16/20210.89%
198,453.11
198,453.11

99.03 4.85%
196,567.97

48.52 0.04%
(1,885.15)
Aaa/NA
AAA

1.14 0.24
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 196,058.82 07/13/20210.52%
196,041.34
196,041.34

99.24 5.06%
194,564.70

45.31 0.04%
(1,476.64)
Aaa/NA
AAA

1.29 0.17
89238JAC9 TAOT 2021-D A3 0.71
04/15/2026 197,414.38 11/09/20210.71%
197,410.18
197,410.18

99.07 5.14%
195,583.92

62.30 0.04%
(1,826.26)
NA/AAA
AAA

1.37 0.21
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 595,959.24 02/15/20221.88%
595,869.60
595,869.60

98.99 5.02%
589,921.45
497.96

0.13%
(5,948.15)
Aaa/AAA
NA

1.45 0.32
44935FAD6 HART 2021-C A3 0.74
05/15/2026 107,254.03 11/09/20210.75%
107,230.09
107,230.09

99.40 5.01%
106,609.17

35.27 0.02%
(620.93)
NA/AAA
AAA

1.45 0.14
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 396,889.82 05/10/20223.21%
396,869.18
396,869.18

99.44 4.73%
394,681.76
212.34

0.08%
(2,187.42)
Aaa/AAA
NA

1.73 0.37
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 336,007.42 03/10/2022

2.33%
335,933.10
335,933.10

99.04 4.82%
332,767.00
346.46

0.07%
(3,166.10)
Aaa/NA
AAA

1.79 0.39
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 192,050.59 10/13/20210.68%
192,045.69
192,045.69

98.88 4.89%
189,891.05

54.41 0.04%
(2,154.63)
Aaa/AAA
NA

1.79 0.27
448977AD0 HART 2022-A A3 2.22
10/15/2026 505,365.64 03/09/20222.22%
505,346.18
505,346.18

99.11 4.92%
500,862.83
498.63

0.11%
(4,483.35)
NA/AAA
AAA

1.87 0.33
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 205,562.16 01/11/20221.26%
205,544.29
205,544.29

98.92 4.78%
203,337.44
107.92

0.04%
(2,206.86)
NA/AAA
AAA

1.96 0.31
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 1,800,000.00 03/25/20245.01%
1,798,382.81
1,798,382.81
100.55

4.55%
1,809,946.62
1,494.00

0.38%
11,563.81
Aaa/AAA
NA

2.31 1.15
44934FAD7 HALST 2024-B A3 5.41
05/17/2027 1,615,000.00 05/14/20245.41%
1,614,955.10
1,614,955.10
101.17

4.62%
1,633,951.06
3,883.18

0.35%
18,995.96
NA/AAA
AAA

2.46 1.36
02582JJT8 AMXCA 2022-2 A 3.39
05/17/2027 2,765,000.00 05/17/20223.40%
2,764,388.38
2,764,388.38

99.44 4.69%
2,749,511.85
4,165.93

0.58%
(14,876.53)
NA/AAA
AAA

0.45 0.44
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027 1,495,000.00 05/07/20245.39%
1,494,913.14
1,494,913.14
101.09

4.63%
1,511,271.73
2,462.18

0.32%
16,358.59
NA/AAA
AAA

2.64 1.33
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 1,880,000.00 02/22/2023

5.01%
1,879,657.46
1,879,657.46
100.39

4.60%
1,887,392.91
4,186.13

0.40%
7,735.45
Aaa/NA
AAA

2.96 0.84
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 1,085,000.00 05/17/20245.32%
1,084,873.06
1,084,873.06
101.29

4.58%
1,098,967.53
2,565.42

0.23%
14,094.47
Aaa/NA
AAA

3.13 1.61
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 3,435,000.00 02/13/20245.21%
3,434,850.58
3,434,850.58
101.05

4.55%
3,471,077.12
7,953.93

0.74%
36,226.54
Aaa/AAA
NA

3.71 1.46
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 8

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 3,645,000.00 09/07/2023

5.17%
3,643,989.61
3,643,989.61
101.24

4.48%
3,690,202.01
8,359.20

0.78%
46,212.40
NR/AAA
AAA

3.79 1.67
05522RDH8 BACCT 2023-2 A 4.98
11/16/2026 2,000,000.00 03/25/20244.85%
2,006,484.38
2,006,484.38
100.97

4.50%
2,019,470.00
4,426.67

0.43%
12,985.62
Aaa/NA
AAA

1.96 1.82
437930AC4 HONDO-242-A3 5.27 11/20/2028 1,415,000.00 05/14/2024

5.27%
1,414,828.08
1,414,828.08
101.34

4.53%
1,433,896.48
2,692.82

0.30%
19,068.40
NA/AAA
AAA

3.97 1.66
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 1,985,000.00 03/25/20244.90%
1,980,890.43
1,980,890.43
100.59

4.49%
1,996,700.78
4,011.35

0.42%
15,810.35
Aaa/NA
AAA

4.05 1.43
448973AD9 HART 2024-A A3 4.99
02/15/2029 2,000,000.00 03/26/2024

4.98%
2,000,781.25
2,000,781.25
100.79

4.58%
2,015,891.40
4,435.56

0.43%
15,110.15
NA/AAA
AAA

4.21 1.72
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 1,855,000.00 06/04/20245.24%
1,854,718.23
1,854,718.23
101.30

4.44%
1,879,127.80
1,601.48

0.40%
24,409.57
Aaa/AAA
NA

4.24 1.62
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 2,100,000.00 06/11/2024

5.26%
2,099,589.45
2,099,589.45
101.53

4.43%
2,132,181.66
4,853.33

0.45%
32,592.21
Aaa/NA
AAA

4.29 1.84
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 3,070,000.00 04/16/20245.23%
3,069,370.65
3,069,370.65
101.81

4.47%
3,125,497.00
7,136.04

0.66%
56,126.35
NA/AAA
AAA

4.38 2.18
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 2,095,000.00 06/06/20244.93%
2,094,882.47
2,094,882.47
101.18

4.46%
2,119,669.88
4,590.38

0.45%
24,787.41
Aaa/AAA
NA

4.45 2.26
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 2,330,000.00 10/17/20244.33%
2,329,653.76
2,329,653.76

99.60 4.48%
2,320,765.28
4,442.53

0.49%
(8,888.48)
Aaa/AAA
NA

4.87 2.64
Total ABS 39,501,057.05 4.73%
39,497,951.60
39,497,951.60
100.76

4.56%
39,800,308.40
75,169.27

8.44%
302,356.79
Aaa/AAA
AAA

3.31 1.51
AGENCY
3135G0X24 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 1.625 01/07/2025 4,220,000.00 --1.31%
4,282,878.20
4,282,878.20

99.70 4.66%
4,207,474.53
27,430.00

0.89%
(75,403.67)
Aaa/AA+
AA+

0.10 0.10
3137EAEP0

FEDERAL HOME LOAN
MORTGAGE CORP 1.5
02/12/2025
825,000.00 02/13/2020

1.52%
824,364.75
824,364.75

99.40 4.57%
820,086.80
3,746.88

0.17%
(4,277.95)
Aaa/AA+
AA+

0.20 0.19
3135G03U5 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.625 04/22/2025 5,270,000.00 04/22/20200.67% 5,259,143.80
5,259,143.80

98.53 4.47%
5,192,478.88
3,568.23

1.10%
(66,664.92)
Aaa/AA+
AA+

0.39 0.38
3135G04Z3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025 6,200,000.00 --0.51%
6,196,731.90
6,196,731.90

97.86 4.54%
6,067,301.15
14,122.22

1.29%
(129,430.75)
Aaa/AA+
AA+

0.54 0.53
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025
6,300,000.00 --

0.45%
6,277,899.60
6,277,899.60

97.49 4.42%
6,141,813.17
8,531.25

1.30%
(136,086.43)
Aaa/AA+
AA+

0.64 0.62
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 9

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 6,285,000.00 --0.46%
6,260,439.20
6,260,439.20

97.14 4.40%
6,105,205.82
6,285.00

1.29%
(155,233.38)
Aaa/AA+
AA+

0.73 0.71
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
6,295,000.00 --

0.44%
6,276,346.05
6,276,346.05

96.82 4.43%
6,094,685.48
4,458.96

1.29%
(181,660.57)
Aaa/AA+
AA+

0.81 0.79
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 6,300,000.00 --

0.57%
6,279,895.00
6,279,895.00

96.46 4.42%
6,077,251.59
2,100.00

1.29%
(202,643.41)
Aaa/AA+
AA+

0.94 0.91
880591EZ1 TENNESSEE VALLEY AUTHORITY

3.875 03/15/2028 3,500,000.00 05/04/20233.56%
3,548,755.00
3,548,755.00

99.03 4.19%
3,465,987.53
28,631.94

0.73%
(82,767.48)
Aaa/AA+
AA+

3.29 3.03
3130AWN63 FEDERAL HOME LOAN BANKS 4.0
06/30/2028 3,000,000.00 08/21/2023

4.53%
2,931,360.00
2,931,360.00

99.85 4.04%
2,995,627.44
50,333.33

0.64%
64,267.44
Aaa/AA+
AA+

3.58 3.25
Total Agency 48,195,000.00 1.08%
48,137,813.50
48,137,813.50

97.88 4.42%
47,167,912.41
149,207.81

10.00%
(969,901.09)
Aaa/AA+
AA+

1.00 0.94

AGENCY CMBS
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 1,500,000.00 11/12/20211.37%
1,586,425.78
1,586,425.78

96.94 4.47%
1,454,066.10
3,316.25

0.31%
(132,359.68)
Aaa/AA+
AAA

1.73 1.62
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 3,000,000.00 02/18/2022

2.09%
3,128,437.50
3,128,437.50

97.61 4.48%
2,928,221.40
7,800.00

0.62%
(200,216.10)
Aaa/AAA
AAA

1.82 1.64
3137FBBX3 FHMS K-068 A2 3.244
08/25/2027 2,650,000.00 11/02/20224.67%
2,482,408.20
2,482,408.20

96.90 4.44%
2,567,815.29
7,163.83

0.54%
85,407.09
Aaa/AA+
AA+

2.73 2.50
3137FEBQ2 FHMS K-072 A2 3.444
12/25/2027 4,690,000.00 07/20/20234.56%
4,471,072.27
4,471,072.27

97.11 4.44%
4,554,551.39
13,460.30

0.97%
83,479.12
Aaa/AA+
AAA

3.07 2.78
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 6,000,000.00 --

4.42%
5,707,999.69
5,707,999.69

96.82 4.43%
5,808,997.80
16,750.00

1.23%
100,998.11
Aaa/AA+
AAA

3.15 2.83
3137F4D41 FHMS K-074 A2 3.6 01/25/2028 3,000,000.00 03/16/2023

4.22%
2,911,054.69
2,911,054.69

97.49 4.43%
2,924,589.30
9,000.00

0.62%
13,534.61
Aaa/AA+
AAA

3.15 2.85
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 5,320,000.00 --

4.17%
5,229,125.01
5,229,125.01

98.03 4.44%
5,214,948.62
17,068.33

1.11%
(14,176.39)
Aaa/AA+
AAA

3.48 3.12
3137FGR31 FHMS K-078 A2 3.854
06/25/2028 1,997,000.00 06/22/20234.30%
1,951,677.46
1,951,677.46

98.02 4.44%
1,957,539.68
6,413.70

0.42%
5,862.22
Aaa/AA+
AAA

3.57 3.15
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 3,148,000.00 09/05/2023

4.79%
3,015,685.63
3,015,685.63

98.07 4.43%
3,087,238.88
10,231.00

0.65%
71,553.25
Aaa/AA+
AAA

3.74 3.38
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 2,500,000.00 11/28/2023

4.68%
2,411,328.13
2,411,328.13

98.12 4.43%
2,453,068.75
8,166.67

0.52%
41,740.62
Aaa/AA+
AAA

3.82 3.41
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137H4BY5 FHMS K-746 A2 2.031
09/25/2028 5,000,000.00 03/21/20244.56%
4,480,468.75
4,480,468.75

91.55 4.47%
4,577,590.00
8,462.50

0.97%
97,121.25
Aaa/AA+
AAA

3.82 3.54
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 8,000,000.00 --

4.64%
7,168,164.07
7,168,164.07

91.82 4.47%
7,345,368.80
15,066.67

1.56%
177,204.73
Aaa/AA+
AAA

4.15 3.79
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 4,950,000.00 05/30/20244.87%
4,637,144.53
4,637,144.53

96.08 4.43%
4,756,035.74
14,115.75

1.01%
118,891.21
Aaa/AAA
AA+

4.24 3.81
3137FLYV0 FHMS K-092 A2 3.298
04/25/2029 3,000,000.00 04/19/20244.94%
2,775,468.75
2,775,468.75

95.45 4.44%
2,863,509.00
8,245.00

0.61%
88,040.25
Aaa/AA+
AAA

4.40 3.95
Total Agency
CMBS 54,755,000.00 4.34%
51,956,460.46
51,956,460.46

95.93 4.45%
52,493,540.74
145,260.00

11.13%
537,080.28
Aaa/AA+
AAA

3.49 3.16
CASH
CCYUSD Receivable 480,507.39 --

0.00%
480,507.39
480,507.39

1.00 0.00%
480,507.39

0.00 0.10%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 150,376.63 --

0.00%
150,376.63
150,376.63

1.00 0.00%
150,376.63

0.00 0.03%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 71,439.15 --

0.00%
71,439.15
71,439.15

1.00 0.00%
71,439.15

0.00 0.02%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 702,323.17 0.00%
702,323.17
702,323.17

1.00 0.00%
702,323.17

0.00 0.15%

0.00 Aaa/AAA
AAA

0.00 0.00

CORPORATE
06367WB85 BANK OF MONTREAL 1.85
05/01/2025 2,761,000.00 07/23/2021

0.85%
2,862,660.02
2,862,660.02

98.81 4.77%
2,728,151.33
4,256.54

0.58%
(134,508.69)
A2/AAA0.42

0.41 40139LBC6 GUARDIAN LIFE GLOBAL
FUNDING 0.875 12/10/2025 3,000,000.00 --1.12%
2,969,700.00
2,969,700.00

96.31 4.61%
2,889,384.21
12,468.75

0.61%
(80,315.79)
Aa1/AA+
NA

1.03 0.99
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 1,000,000.00 05/20/2021

1.11%
1,037,330.00
1,037,330.00

98.93 6.02%
989,267.89
2,256.58

0.21%
(48,062.11)
A1/A
AA1.390.38
023135BX3 AMAZON.COM INC 1.0
05/12/2026 4,865,000.00 05/10/20211.09%
4,843,983.20
4,843,983.20

95.38 4.33%
4,640,421.48
2,567.64

0.98%
(203,561.72)
A1/AA
AA1.451.41
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 805,000.00 --1.08%
807,605.05
807,605.05

95.33 4.51%
767,388.96
411.44

0.16%
(40,216.09)
A2/A+
A

1.45 1.41
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 3,325,000.00 06/15/2021

1.13%
3,323,537.00
3,323,537.00

95.16 4.40%
3,164,044.60
16,936.72

0.67%
(159,492.40)
A1/A+
A+

1.55 1.49
06051GJD2 BANK OF AMERICA CORP 1.319
06/19/2026 3,000,000.00 --1.25%
3,007,920.00
3,007,920.00

98.11 5.44%
2,943,203.37
17,806.50

0.62%
(64,716.63)
A1/AAA1.55

0.53 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 11

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
57629WDE7 MASSMUTUAL GLOBAL
FUNDING II 1.2 07/16/2026 2,272,000.00 08/10/20211.21%
2,271,369.92
2,271,369.92

94.82 4.55%
2,154,371.15
10,224.00

0.46%
(116,998.77)
Aa3/AA+
AA+

1.62 1.57
58989V2D5 MET TOWER GLOBAL FUNDING

1.25 09/14/2026 1,715,000.00 09/07/20211.27%
1,713,422.20
1,713,422.20

94.41 4.55%
1,619,052.76
4,585.24

0.34%
(94,369.44)
Aa3/AAAA1.79

1.72 931142ER0 WALMART INC 1.05 09/17/2026 785,000.00 09/08/2021

1.09%
783,516.35
783,516.35

94.43 4.31%
741,275.04
1,694.29

0.16%
(42,241.31)
Aa2/AA
AA

1.80 1.74
59217GER6 METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027 2,485,000.00 01/03/20221.90% 2,482,167.10
2,482,167.10

94.60 4.59%
2,350,747.20
18,119.79

0.50%
(131,419.90)
Aa3/AAAA2.11

2.01 808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,300,000.00 03/09/2022

2.73%
1,282,866.00
1,282,866.00

95.58 4.53%
1,242,578.12
7,785.56

0.26%
(40,287.88)
A2/AA2.25

2.14 89114TZT2 TORONTO-DOMINION BANK 2.8
03/10/2027 1,900,000.00 03/09/20222.97%
1,884,933.00
1,884,933.00

96.10 4.63%
1,825,877.83
11,970.00

0.39%
(59,055.17)
A2/ANA2.27

2.15 665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,345,000.00 05/05/20224.04%
1,342,821.10
1,342,821.10

99.02 4.43%
1,331,870.16
3,138.33

0.28%
(10,950.94)
A2/A+
A+

2.44 2.29
91324PEG3 UNITEDHEALTH GROUP INC 3.7
05/15/2027 1,365,000.00 05/17/20223.69%
1,365,638.40
1,365,638.40

98.39 4.40%
1,343,019.57
2,244.67

0.28%
(22,618.83)
A2/A+
A

2.45 2.31
22160KAM7 COSTCO WHOLESALE CORP 3.0
05/18/2027 2,500,000.00 07/15/20223.53%
2,441,975.00
2,441,975.00

97.38 4.13%
2,434,546.53
2,708.33

0.52%
(7,428.48)
Aa3/A+
WR

2.46 2.34
89115A2C5 TORONTO-DOMINION BANK

4.108 06/08/2027 1,400,000.00 08/26/20224.18%
1,395,310.00
1,395,310.00

98.63 4.69%
1,380,767.22
27,637.71

0.29%
(14,542.78)
A2/ANA2.52

2.31 756109AU8 REALTY INCOME CORP 3.65
01/15/2028 4,500,000.00 --5.00%
4,242,810.00
4,242,810.00

97.03 4.68%
4,366,208.39
62,050.00

0.93%
123,398.39
A3/AWR3.13

2.87 24422EWR6 JOHN DEERE CAPITAL CORP 4.75
01/20/2028 2,450,000.00 01/23/20234.40%
2,487,705.50
2,487,705.50
101.06

4.38%
2,476,011.97
42,347.57

0.53%
(11,693.53)
A1/A
A+

3.14 2.84
91324PEP3 UNITEDHEALTH GROUP INC 5.25
02/15/2028 1,500,000.00 02/16/20234.75%
1,532,220.00
1,532,220.00
102.34

4.45%
1,535,169.63
23,187.50

0.33%
2,949.63
A2/A+
A

3.21 2.82
57636QAW4 MASTERCARD INC 4.875
03/09/2028 2,090,000.00 03/06/20234.90%
2,087,972.70
2,087,972.70
101.60

4.34%
2,123,425.58
23,207.71

0.45%
35,452.88
Aa3/A+
NA

3.27 2.90
037833ET3 APPLE INC 4.0 05/10/2028 1,650,000.00 05/08/2023

4.01%
1,649,083.50
1,649,083.50

99.40 4.19%
1,640,151.45
3,850.00

0.35%
(8,932.05)
Aaa/AA+
NA

3.44 3.17
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,975,000.00 05/08/20234.05%
1,975,392.25
1,975,392.25

99.41 4.24%
1,963,255.19
3,110.63

0.42%
(12,137.06)
A1/A+
NA

3.46 3.19
74340XCG4 PROLOGIS LP 4.875 06/15/2028 4,000,000.00 --

5.11%
3,959,713.70
3,959,713.70
101.28

4.48%
4,051,189.16
89,916.67

0.86%
91,475.46
A3/A
NA

3.54 3.08
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 3,500,000.00 09/12/2023

5.50%
3,454,675.00
3,454,675.00
102.07

4.58%
3,572,537.92
60,666.67

0.76%
117,862.92
A1/A
AA3.673.26
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 12

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
69371RS64 PACCAR FINANCIAL CORP 4.95
08/10/2028 1,670,000.00 08/03/20234.99%
1,667,361.40
1,667,361.40
101.74

4.43%
1,699,128.29
25,488.38

0.36%
31,766.89
A1/A+
NA

3.70 3.30
74456QBX3 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.65 09/01/2028 3,000,000.00 09/12/20235.15%
2,805,270.00
2,805,270.00

96.98 4.53%
2,909,413.29
27,375.00

0.62%
104,143.29
A1/A
WR

3.76 3.42
26442CAX2 DUKE ENERGY CAROLINAS LLC

3.95 11/15/2028 3,280,000.00 12/06/20234.81%
3,156,836.00
3,156,836.00

97.94 4.52%
3,212,480.08
5,758.22

0.68%
55,644.08
Aa3/A
NA

3.96 3.61
66815L2Q1

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.71
01/10/2029
2,400,000.00 --

4.67%
2,404,556.16
2,404,556.16
100.42

4.60%
2,410,023.77
44,274.00

0.51%
5,467.61
Aaa/AA+
AAA

4.11 3.63
57629W5B2 MASSMUTUAL GLOBAL
FUNDING II 4.85 01/17/2029 2,140,000.00 01/09/20244.85% 2,139,721.80
2,139,721.80
100.99

4.58%
2,161,079.30
38,632.94

0.46%
21,357.50
Aa3/AA+
AA+

4.13 3.64
46647PAM8 JPMORGAN CHASE & CO 3.509
01/23/2029 3,300,000.00 01/18/20245.07%
3,116,157.00
3,116,157.00

96.46 4.96%
3,183,082.78
41,172.27

0.67%
66,925.78
A1/A
AA4.152.89
61747YFA8 MORGAN STANLEY 5.123
02/01/2029 2,650,000.00 02/13/20245.31%
2,632,165.50
2,632,165.50
100.98

5.13%
2,675,977.74
45,253.17

0.57%
43,812.24
A1/AA+4.17

2.85 63743HFN7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.85 02/07/2029
2,500,000.00 03/19/2024

5.02%
2,481,775.00
2,481,775.00
101.06

4.57%
2,526,548.95
38,395.83

0.54%
44,773.95
A2/AA4.19

3.63 532457CK2 ELI LILLY AND CO 4.5 02/09/2029 2,710,000.00 02/07/2024

4.51%
2,708,211.40
2,708,211.40
100.41

4.39%
2,721,037.72
37,940.00

0.58%
12,826.32
A1/A+
NA

4.19 3.66
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,960,000.00 02/21/2024

4.86%
1,959,314.00
1,959,314.00
101.60

4.43%
1,991,419.70
25,085.28

0.42%
32,105.70
A1/AANA4.24

3.68 14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 2,500,000.00 03/19/20244.81% 2,504,150.00
2,504,150.00
101.40

4.48%
2,535,100.95
31,659.72

0.54%
30,950.95
A2/A
A+

4.24 3.75
26442UAH7 DUKE ENERGY PROGRESS LLC

3.45 03/15/2029 1,500,000.00 05/10/2024

5.07%
1,396,687.88
1,396,687.88

95.80 4.54%
1,436,963.66
10,925.00

0.30%
40,275.78
Aa3/A
NA

4.29 3.90
89115A2Y7 TORONTO-DOMINION BANK

4.994 04/05/2029 2,330,000.00 03/26/20244.99%
2,330,000.00
2,330,000.00
101.09

4.71%
2,355,336.70
18,100.48

0.50%
25,336.70
A2/AAA4.34

3.84 58989V2H6 MET TOWER GLOBAL FUNDING

5.25 04/12/2029 2,000,000.00 05/24/20245.27%
1,998,260.00
1,998,260.00
102.25

4.67%
2,044,976.86
14,291.67

0.43%
46,716.86
Aa3/AAAA4.36

3.84 74460DAD1 PUBLIC STORAGE OPERATING CO

3.385 05/01/2029 3,000,000.00 --5.21%
2,762,330.00
2,762,330.00

95.21 4.60%
2,856,189.63
8,462.50

0.61%
93,859.63
A2/A
NA

4.42 4.02
57629W4T4 MASSMUTUAL GLOBAL
FUNDING II 5.15 05/30/2029 1,850,000.00 05/22/20245.17% 1,848,464.50
1,848,464.50
102.42

4.55%
1,894,782.03
264.65

0.40%
46,317.53
Aa3/AA+
AA+

4.50 3.98
64952WFG3 NEW YORK LIFE GLOBAL
FUNDING 5.0 06/06/2029 2,120,000.00 06/03/20245.04%
2,115,929.60
2,115,929.60
101.72

4.57%
2,156,543.99
51,527.78

0.46%
40,614.39
Aaa/AA+
AAA

4.51 3.91
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 13

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
437076DC3 HOME DEPOT INC 4.75
06/25/2029 3,000,000.00 06/20/20244.84%
2,987,610.00
2,987,610.00
101.07

4.49%
3,032,065.38
61,750.00

0.64%
44,455.38
A2/A
A

4.57 3.92
713448FX1 PEPSICO INC 4.5 07/17/2029 3,775,000.00 07/15/2024

4.53%
3,769,148.75
3,769,148.75
100.71

4.33%
3,801,819.75
63,231.25

0.81%
32,671.00
A1/A+
NA

4.63 4.01
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 3,700,000.00 --4.51%
3,722,196.12
3,722,196.12
100.48

4.53%
3,717,695.10
57,827.92

0.79%
(4,501.02)
A2/A
A

4.71 4.06
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 2,280,000.00 08/12/20244.33%
2,276,460.36
2,276,460.36

99.61 4.39%
2,271,016.62
30,501.33

0.48%
(5,443.74)
Aa3/AANA4.71

4.16 40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 3,050,000.00 09/23/2024

4.18%
3,050,000.00
3,050,000.00

98.31 4.57%
2,998,326.50
23,013.52

0.64%
(51,673.50)
Aa1/AA+
NA

4.82 4.28
Total Corporate 114,203,000.00 3.92%
113,038,932.46
113,038,932.46

98.89 4.56%
112,864,925.49
1,156,079.74

23.93%
(174,006.97)
A1/A+
A+

3.33 2.91
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 26,242,026.35 --4.49%
26,242,026.35
26,242,026.35

1.00 4.49%
26,242,026.35

0.00 5.56%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 26,242,026.35 4.49%
26,242,026.35
26,242,026.35

1.00 4.49%
26,242,026.35

0.00 5.56%

0.00 NA/NA
NA

0.00 0.00

MONEY MARKET
FUND
60934N807 FEDERATED HRMS GV O SVC 1,310,290.41 --

4.29%
1,310,290.41
1,310,290.41

1.00 4.29%
1,310,290.41

0.00 0.28%

0.00 Aaa/
AAAm
AAA

0.00 0.00
60934N807 FEDERATED HRMS GV O SVC 20,024,664.87 --

4.29%
20,024,664.87
20,024,664.87

1.00 4.29%
20,024,664.87

0.00 4.25%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 21,334,955.28 4.29%
21,334,955.28
21,334,955.28

1.00 4.29%
21,334,955.28

0.00 4.52%

0.00 Aaa/
AAAm
AAA

0.00 0.00

MUNICIPAL
BONDS
13063EGT7 CALIFORNIA ST 4.5 08/01/2029 4,395,000.00 10/30/2024

4.37%
4,418,161.65
4,418,161.65
100.81

4.30%
4,430,731.35
14,283.75

0.94%
12,569.70
Aa2/AAAA4.67

4.11 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 14

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Municipal
Bonds 4,395,000.00 4.37%
4,418,161.65
4,418,161.65
100.81

4.30%
4,430,731.35
14,283.75

0.94%
12,569.70
Aa2/AAAA4.67

4.11 SUPRANATIONAL
459058JL8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025
6,300,000.00 --

0.59%
6,272,360.85
6,272,360.85

96.56 4.41%
6,083,476.12
2,887.50

1.29%
(188,884.73)
Aaa/AAA
NA

0.91 0.88
4581X0DV7

INTER-AMERICAN
DEVELOPMENT BANK 0.875
04/20/2026
6,390,000.00 04/13/2021

0.97%
6,360,733.80
6,360,733.80

95.41 4.33%
6,096,917.99
6,367.81

1.29%
(263,815.81)
Aaa/AAA
NA

1.39 1.35
Total
Supranational 12,690,000.00 0.78%
12,633,094.65
12,633,094.65

95.99 4.37%
12,180,394.10
9,255.31

2.58%
(452,700.55)
Aaa/AAA
NA

1.15 1.12

US TREASURY
912828ZC7 UNITED STATES TREASURY 1.125
02/28/2025 7,000,000.00 03/18/20200.81%
7,108,007.81
7,108,007.81

99.19 4.47%
6,943,466.81
20,013.81

1.47%
(164,541.00)
Aaa/AA+
AA+

0.25 0.24
91282CAB7 UNITED STATES TREASURY 0.25
07/31/2025 4,225,000.00 03/12/20210.72%
4,139,839.84
4,139,839.84

97.30 4.43%
4,110,958.00
3,530.40

0.87%
(28,881.85)
Aaa/AA+
AA+

0.67 0.65
91282CAM3 UNITED STATES TREASURY 0.25
09/30/2025 3,200,000.00 03/29/20210.74%
3,130,375.00
3,130,375.00

96.65 4.42%
3,092,849.98
1,362.64

0.66%
(37,525.02)
Aaa/AA+
AA+

0.83 0.81
91282CAT8 UNITED STATES TREASURY 0.25
10/31/2025 6,000,000.00 02/19/20210.53%
5,923,125.00
5,923,125.00

96.33 4.40%
5,779,734.36
1,284.53

1.23%
(143,390.64)
Aaa/AA+
AA+

0.92 0.89
91282CAZ4 UNITED STATES TREASURY 0.375
11/30/2025 3,800,000.00 03/26/20210.77%
3,731,867.19
3,731,867.19

96.14 4.39%
3,653,135.93

39.15 0.77%
(78,731.26)
Aaa/AA+
AA+

1.00 0.97
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 1,570,000.00 09/23/20210.90%
1,558,899.61
1,558,899.61

94.20 4.23%
1,478,989.06
2,992.54

0.31%
(79,910.55)
Aaa/AA+
AA+

1.75 1.70
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,130,000.00 10/18/2021

1.19%
3,083,172.27
3,083,172.27

94.17 4.22%
2,947,579.69
4,664.90

0.63%
(135,592.58)
Aaa/AA+
AA+

1.83 1.78
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 3,120,000.00 11/15/2021

1.25%
3,100,987.50
3,100,987.50

94.39 4.21%
2,944,865.63
3,005.80

0.62%
(156,121.87)
Aaa/AA+
AA+

1.92 1.86
91282CET4 UNITED STATES TREASURY 2.625
05/31/2027 2,400,000.00 06/09/20223.07%
2,351,156.25
2,351,156.25

96.42 4.15%
2,314,125.00
173.08

0.49%
(37,031.25)
Aaa/AA+
AA+

2.50 2.38
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 6,650,000.00 --3.12%
6,690,380.86
6,690,380.86

97.87 4.13%
6,508,427.75
90,443.61

1.38%
(181,953.11)
Aaa/AA+
AA+

2.58 2.41
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027 1,300,000.00 08/22/20223.12%
1,277,960.94
1,277,960.94

96.51 4.15%
1,254,652.35
11,949.05

0.27%
(23,308.59)
Aaa/AA+
AA+

2.67 2.51
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 15

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 3,450,000.00 --3.45%
3,399,517.58
3,399,517.58

97.40 4.13%
3,360,380.87
27,399.86

0.71%
(39,136.71)
Aaa/AA+
AA+

2.75 2.57
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 2,800,000.00 --4.37%
2,770,000.01
2,770,000.01
100.01

4.12%
2,800,328.13
19,673.08

0.59%
30,328.12
Aaa/AA+
AA+

2.83 2.63
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 4,600,000.00 --3.74%
4,628,085.94
4,628,085.94

99.32 4.12%
4,568,734.35
489.70

0.97%
(59,351.59)
Aaa/AA+
AA+

3.00 2.80
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 7,000,000.00 --3.78%
7,028,945.31
7,028,945.31

99.32 4.11%
6,952,148.42
113,512.23

1.47%
(76,796.89)
Aaa/AA+
AA+

3.08 2.83
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 7,000,000.00 02/16/2023

4.05%
6,828,007.81
6,828,007.81

98.16 4.13%
6,871,210.92
81,888.59

1.46%
43,203.11
Aaa/AA+
AA+

3.17 2.93
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 7,000,000.00 02/23/20234.16%
6,949,960.94
6,949,960.94

99.62 4.13%
6,973,203.16
71,160.22

1.48%
23,242.22
Aaa/AA+
AA+

3.25 2.98
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 7,000,000.00 06/14/20234.00%
6,884,335.94
6,884,335.94

98.40 4.12%
6,887,890.66
697.12

1.46%
3,554.72
Aaa/AA+
AA+

3.50 3.24
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 1,900,000.00 09/25/20234.62%
1,879,960.94
1,879,960.94
100.84

4.13%
1,916,031.25
21,125.69

0.41%
36,070.31
Aaa/AA+
AA+

3.75 3.39
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 5,800,000.00 10/04/20234.77%
5,763,296.88
5,763,296.88
101.76

4.12%
5,901,953.10
45,690.93

1.25%
138,656.22
Aaa/AA+
AA+

3.84 3.46
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 2,000,000.00 10/27/20234.79%
2,007,578.13
2,007,578.13
102.70

4.12%
2,053,906.24
8,349.45

0.44%
46,328.11
Aaa/AA+
AA+

3.92 3.53
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 3,400,000.00 12/28/20233.83%
3,482,875.00
3,482,875.00
100.95

4.12%
3,432,140.61
408.65

0.73%
(50,734.39)
Aaa/AA+
AA+

4.00 3.63
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 11,000,000.00 --3.99%
10,883,007.81
10,883,007.81

98.63 4.12%
10,849,179.66
172,622.28

2.30%
(33,828.15)
Aaa/AA+
AA+

4.08 3.68
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 5,000,000.00 02/13/20244.26%
4,943,164.06
4,943,164.06

99.55 4.12%
4,977,734.40
66,847.83

1.06%
34,570.34
Aaa/AA+
AA+

4.17 3.75
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 7,000,000.00 02/27/20244.30%
6,985,234.38
6,985,234.38
100.52

4.11%
7,036,640.66
75,607.73

1.49%
51,406.28
Aaa/AA+
AA+

4.25 3.81
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 7,000,000.00 04/10/20244.62%
6,848,515.63
6,848,515.63
100.04

4.11%
7,002,734.34
49,182.69

1.48%
154,218.71
Aaa/AA+
AA+

4.33 3.90
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 7,000,000.00 --4.48%
7,043,730.48
7,043,730.48
102.07

4.11%
7,144,648.42
27,724.45

1.52%
100,917.94
Aaa/AA+
AA+

4.41 3.95
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 4,400,000.00 06/20/20244.27%
4,445,375.00
4,445,375.00
101.64

4.10%
4,472,015.64
543.96

0.95%
26,640.64
Aaa/AA+
AA+

4.50 4.04
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 4,000,000.00 07/18/2024

4.09%
4,028,281.25
4,028,281.25
100.59

4.11%
4,023,593.76
71,141.30

0.85%
(4,687.49)
Aaa/AA+
AA+

4.58 4.05
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 16

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 8,000,000.00 09/11/20243.45%
8,062,812.50
8,062,812.50

98.01 4.09%
7,840,624.96
73,701.66

1.66%
(222,187.54)
Aaa/AA+
AA+

4.75 4.27
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 8,500,000.00 --3.66%
8,437,500.00
8,437,500.00

97.41 4.09%
8,280,195.27
50,673.08

1.76%
(157,304.73)
Aaa/AA+
AA+

4.83 4.36
Total US Treasury 156,245,000.00 3.37%
155,395,957.86
155,395,957.86

98.84 4.17%
154,374,079.37
1,117,900.01

32.73%
(1,021,878.49)
Aaa/AA+
AA+

3.24 2.96
Total Portfolio 478,263,361.85 3.54%
473,357,676.99
473,357,676.99

88.52 4.38%
471,591,196.66
2,667,155.89
100.00%
(1,766,480.33)
Aa2/AA
AA

2.70 2.31
Total Market
Value + Accrued 474,258,352.56
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 17

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 11/01/2024 60934N807 76,314.25 FEDERATED HRMS GV O SVC 1.000 4.51% (76,314.25) 0.00 (76,314.25) 0.00
Purchase 11/04/2024 90LAIF$00 1,200,000.00 Local Agency Investment Fund State Pool 1.000 4.49% (1,200,000.00) 0.00 (1,200,000.00) 0.00 Purchase 11/04/2024 60934N807 2,611.05 FEDERATED HRMS GV O SVC 1.000 4.50% (2,611.05) 0.00 (2,611.05) 0.00
Purchase 11/04/2024 60934N807 113,197.07 FEDERATED HRMS GV O SVC 1.000 4.50% (113,197.07) 0.00 (113,197.07) 0.00
Purchase 11/05/2024 13063EGT7 0.00 CALIFORNIA ST 4.5
08/01/2029 100.527 4.38% 0.00 0.00 (4,418,161.65) 0.00
Purchase 11/05/2024 90LAIF$00 500,000.00 Local Agency Investment Fund State Pool 1.000 4.49% (500,000.00) 0.00 (500,000.00) 0.00 Purchase 11/06/2024 90LAIF$00 300,000.00 Local Agency Investment Fund State Pool 1.000 4.49% (300,000.00) 0.00 (300,000.00) 0.00 Purchase 11/07/2024 60934N807 15,750.00 FEDERATED HRMS GV O SVC 1.000 4.46% (15,750.00) 0.00 (15,750.00) 0.00
Purchase 11/12/2024 60934N807 84,225.00 FEDERATED HRMS GV O SVC 1.000 4.46% (84,225.00) 0.00 (84,225.00) 0.00
Purchase 11/12/2024 90LAIF$00 3,200,000.00 Local Agency Investment Fund State Pool 1.000 4.49% (3,200,000.00) 0.00 (3,200,000.00) 0.00 Purchase 11/13/2024 90LAIF$00 300,000.00 Local Agency Investment Fund State Pool 1.000 4.49% (300,000.00) 0.00 (300,000.00) 0.00 Purchase 11/15/2024 60934N807 322,452.41 FEDERATED HRMS GV O SVC 1.000 4.46% (322,452.41) 0.00 (322,452.41) 0.00
Purchase 11/15/2024 60934N807 209,739.52 FEDERATED HRMS GV O SVC 1.000 4.46% (209,739.52) 0.00 (209,739.52) 0.00
Purchase 11/18/2024 60934N807 92,102.63 FEDERATED HRMS GV O SVC 1.000 4.29% (92,102.63) 0.00 (92,102.63) 0.00
Purchase 11/18/2024 60934N807 59,092.13 FEDERATED HRMS GV O SVC 1.000 4.29% (59,092.13) 0.00 (59,092.13) 0.00
Purchase 11/18/2024 90LAIF$00 200,000.00 Local Agency Investment Fund State Pool 1.000 4.49% (200,000.00) 0.00 (200,000.00) 0.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 18

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Purchase 11/20/2024 60934N807 6,715.05 FEDERATED HRMS GV O SVC 1.000 4.29% (6,715.05) 0.00 (6,715.05) 0.00
Purchase 11/21/2024 60934N807 39,950.63 FEDERATED HRMS GV O SVC 1.000 4.29% (39,950.63) 0.00 (39,950.63) 0.00
Purchase 11/21/2024 60934N807 174.86 FEDERATED HRMS GV O SVC 1.000 4.29% (174.86) 0.00 (174.86) 0.00
Purchase 11/25/2024 60934N807 51,038.35 FEDERATED HRMS GV O SVC 1.000 4.28% (51,038.35) 0.00 (51,038.35) 0.00
Purchase 11/25/2024 60934N807 161,935.62 FEDERATED HRMS GV O SVC 1.000 4.28% (161,935.62) 0.00 (161,935.62) 0.00
Purchase 11/25/2024 90LAIF$00 10,700,000.00 Local Agency Investment Fund State Pool 1.000 4.49% (10,700,000.00) 0.00 (10,700,000.00) 0.00 Total Purchase 17,635,298.57 (17,635,298.57) 0.00 (22,053,460.22) 0.00 TOTAL
ACQUISITIONS 17,635,298.57 (17,635,298.57) 0.00 (22,053,460.22) 0.00 OTHER
Sale 11/05/2024 60934N807 (4,418,161.65) FEDERATED HRMS GV O SVC 1.000 4.48% 4,418,161.65 0.00 4,418,161.65 0.00
Sale 11/07/2024 90LAIF$00 (5,100,000.00) Local Agency Investment Fund State Pool 1.000 4.49% 5,100,000.00 0.00 5,100,000.00 0.00 Sale 11/14/2024 90LAIF$00 (1,200,000.00) Local Agency Investment Fund State Pool 1.000 4.49% 1,200,000.00 0.00 1,200,000.00 0.00 Sale 11/19/2024 90LAIF$00 (200,000.00) Local Agency Investment Fund State Pool 1.000 4.49% 200,000.00 0.00 200,000.00 0.00 Sale 11/20/2024 90LAIF$00 (2,500,000.00) Local Agency Investment Fund State Pool 1.000 4.49% 2,500,000.00 0.00 2,500,000.00 0.00 Sale 11/21/2024 90LAIF$00 (2,900,000.00) Local Agency Investment Fund State Pool 1.000 4.49% 2,900,000.00 0.00 2,900,000.00 0.00 Sale 11/26/2024 90LAIF$00 (900,000.00) Local Agency Investment Fund State Pool 1.000 4.49% 900,000.00 0.00 900,000.00 0.00 Sale 11/27/2024 90LAIF$00 (400,000.00) Local Agency Investment Fund State Pool 1.000 4.49% 400,000.00 0.00 400,000.00 0.00 Total Sale (17,618,161.65) 17,618,161.65 0.00 17,618,161.65 0.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 19

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss

TOTAL OTHER
TRANSACTIONS (17,618,161.65) 17,618,161.65 0.00 17,618,161.65 0.00 OTHER
Cash Transfer 11/03/2024 CCYUSD 2,300,000.00 Cash 0.00% 2,300,000.00 0.00 2,300,000.00 0.00 Cash Transfer 11/04/2024 CCYUSD (2,300,000.00) Cash 0.00% (2,300,000.00) 0.00 (2,300,000.00) 0.00 Cash Transfer 11/30/2024 CCYUSD 3,200,000.00 Cash 0.00% 3,200,000.00 0.00 3,200,000.00 0.00 Total Cash
Transfer 3,200,000.00 3,200,000.00 0.00 3,200,000.00 0.00 Coupon 11/01/2024 06367WB85 0.00 BANK OF MONTREAL 1.85
05/01/2025 0.85% 25,539.25 0.00 25,539.25 0.00
Coupon 11/01/2024 3137BSP72 0.00 FHMS K-058 A2 2.653
08/25/2026 1.37% 3,316.25 0.00 3,316.25 0.00
Coupon 11/01/2024 3137BSRE5 0.00 FHMS K-059 A2 3.12
09/25/2026 2.09% 7,800.00 0.00 7,800.00 0.00
Coupon 11/01/2024 3137F4D41 0.00 FHMS K-074 A2 3.6
01/25/2028 4.22% 9,000.00 0.00 9,000.00 0.00
Coupon 11/01/2024 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.29% 17,068.33 0.00 17,068.33 0.00
Coupon 11/01/2024 3137FETN0 0.00 FHMS K-073 A2 3.35
01/25/2028 4.42% 16,750.00 0.00 16,750.00 0.00
Coupon 11/01/2024 3137FGR31 0.00 FHMS K-078 A2 3.854
06/25/2028 4.45% 6,413.70 0.00 6,413.70 0.00
Coupon 11/01/2024 3137FEBQ2 0.00 FHMS K-072 A2 3.444
12/25/2027 4.56% 13,460.30 0.00 13,460.30 0.00
Coupon 11/01/2024 3137H4BY5 0.00 FHMS K-746 A2 2.031
09/25/2028 4.56% 8,462.50 0.00 8,462.50 0.00
Coupon 11/01/2024 3137FBBX3 0.00 FHMS K-068 A2 3.244
08/25/2027 4.67% 7,163.83 0.00 7,163.83 0.00
Coupon 11/01/2024 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.85% 8,166.67 0.00 8,166.67 0.00
Coupon 11/01/2024 3137FLMV3 0.00 FHMS K-090 A2 3.422
02/25/2029 4.87% 14,115.75 0.00 14,115.75 0.00
Coupon 11/01/2024 3137FLYV0 0.00 FHMS K-092 A2 3.298
04/25/2029 4.94% 8,245.00 0.00 8,245.00 0.00
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 20

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 11/01/2024 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.95% 15,066.66 0.00 15,066.66 0.00
Coupon 11/01/2024 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 5.04% 10,231.00 0.00 10,231.00 0.00
Coupon 11/01/2024 74460DAD1 0.00

PUBLIC STORAGE
OPERATING CO 3.385
05/01/2029

5.21% 50,775.00 0.00 50,775.00 0.00
Coupon 11/07/2024 3135G06G3 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 11/07/2025

0.57% 15,750.00 0.00 15,750.00 0.00
Coupon 11/10/2024 037833ET3 0.00 APPLE INC 4.0
05/10/2028 4.01% 33,000.00 0.00 33,000.00 0.00
Coupon 11/10/2024 665859AW4 0.00 NORTHERN TRUST CORP

4.0 05/10/2027 4.04% 26,900.00 0.00 26,900.00 0.00
Coupon 11/12/2024 023135BX3 0.00 AMAZON.COM INC 1.0
05/12/2026 1.09% 24,325.00 0.00 24,325.00 0.00
Coupon 11/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 106.11 0.00 106.11 0.00
Coupon 11/15/2024 89238JAC9 0.00 TAOT 2021-D A3 0.71
04/15/2026 0.71% 140.03 0.00 140.03 0.00
Coupon 11/15/2024 44935FAD6 0.00 HART 2021-C A3 0.74
05/15/2026 0.75% 86.21 0.00 86.21 0.00
Coupon 11/15/2024 91324PEC2 0.00 UNITEDHEALTH GROUP
INC 1.15 05/15/2026 1.08% 4,628.75 0.00 4,628.75 0.00
Coupon 11/15/2024 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.88% 1,061.45 0.00 1,061.45 0.00
Coupon 11/15/2024 448977AD0 0.00 HART 2022-A A3 2.22
10/15/2026 2.22% 1,057.96 0.00 1,057.96 0.00
Coupon 11/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.33% 753.58 0.00 753.58 0.00
Coupon 11/15/2024 02582JJT8 0.00 AMXCA 2022-2 A 3.39
05/17/2027 3.40% 7,811.13 0.00 7,811.13 0.00
Coupon 11/15/2024 91324PEG3 0.00 UNITEDHEALTH GROUP
INC 3.7 05/15/2027 3.69% 25,252.50 0.00 25,252.50 0.00
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 21

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 11/15/2024 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 5,830.83 0.00 5,830.83 0.00
Coupon 11/15/2024 26442CAX2 0.00

DUKE ENERGY
CAROLINAS LLC 3.95
11/15/2028

4.81% 64,780.00 0.00 64,780.00 0.00
Coupon 11/15/2024 05522RDH8 0.00 BACCT 2023-2 A 4.98
11/16/2026 4.85% 8,300.00 0.00 8,300.00 0.00
Coupon 11/15/2024 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 8,606.96 0.00 8,606.96 0.00
Coupon 11/15/2024 448973AD9 0.00 HART 2024-A A3 4.99
02/15/2029 4.98% 8,316.67 0.00 8,316.67 0.00
Coupon 11/15/2024 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.01% 7,849.00 0.00 7,849.00 0.00
Coupon 11/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.17% 15,673.50 0.00 15,673.50 0.00
Coupon 11/15/2024 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.20% 9,100.00 0.00 9,100.00 0.00
Coupon 11/15/2024 437918AC9 0.00 HAROT 2024-1 A3 5.21
08/15/2028 5.21% 14,913.63 0.00 14,913.63 0.00
Coupon 11/15/2024 02582JKH2 0.00 AMXCA 2024-1 A 5.23
04/16/2029 5.23% 13,380.08 0.00 13,380.08 0.00
Coupon 11/15/2024 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.32% 4,810.17 0.00 4,810.17 0.00
Coupon 11/15/2024 44934FAD7 0.00 HALST 2024-B A3 5.41
05/17/2027 5.41% 7,280.96 0.00 7,280.96 0.00
Coupon 11/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 126.13 0.00 126.13 0.00
Coupon 11/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 245.83 0.00 245.83 0.00
Coupon 11/16/2024 36268GAD7 0.00 GMCAR 2024-1 A3 4.85
12/18/2028 4.90% 8,022.71 0.00 8,022.71 0.00
Coupon 11/17/2024 58933YBH7 0.00 MERCK & CO INC 4.05
05/17/2028 4.05% 39,993.75 0.00 39,993.75 0.00
Coupon 11/18/2024 22160KAM7 0.00 COSTCO WHOLESALE
CORP 3.0 05/18/2027 3.53% 37,500.00 0.00 37,500.00 0.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 22

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 11/18/2024 437930AC4 0.00 HONDO-242-A3 5.27
11/20/2028 5.27% 6,214.21 0.00 6,214.21 0.00
Coupon 11/20/2024 36269WAD1 0.00 GMALT 2024-2 A3 5.39
07/20/2027 5.39% 6,715.05 0.00 6,715.05 0.00
Coupon 11/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 174.86 0.00 174.86 0.00
Coupon 11/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 1,198.21 0.00 1,198.21 0.00
Coupon 11/25/2024 05611UAD5 0.00 BMWLT 2024-1 A3 4.98
03/25/2027 5.01% 7,470.00 0.00 7,470.00 0.00
Coupon 11/25/2024 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 8,007.42 0.00 8,007.42 0.00
Total Coupon 0.00 646,956.93 0.00 646,956.93 0.00
Dividend 10/31/2024 60934N807 0.00 FEDERATED HRMS GV O
SVC 4.51% 115,808.12 0.00 115,808.12 0.00
Total Dividend 0.00 115,808.12 0.00 115,808.12 0.00
Principal
Paydown 11/15/2024 47789QAC4 48,803.76 JDOT 2021-B A3 0.5203/16/2026 0.52% 48,803.76 -- 48,803.76 4.36 Principal
Paydown 11/15/2024 89238JAC9 39,255.87 TAOT 2021-D A3 0.7104/15/2026 0.71% 39,255.87 -- 39,255.87 0.84 Principal
Paydown 11/15/2024 44935FAD6 32,549.05 HART 2021-C A3 0.74 05/15/2026 0.75% 32,549.05 -- 32,549.05 7.26
Principal
Paydown 11/15/2024 43815BAC4 81,562.12 HAROT 2022-1 A3 1.8805/15/2026 1.88% 81,562.12 -- 81,562.12 12.27 Principal
Paydown 11/15/2024 448977AD0 66,504.28 HART 2022-A A3 2.2210/15/2026 2.22% 66,504.28 -- 66,504.28 2.56 Principal
Paydown 11/15/2024 47787JAC2 53,777.33 JDOT 2022 A3 0.3609/15/2026 2.33% 53,777.33 -- 53,777.33 11.90 Principal
Paydown 11/16/2024 362554AC1 30,529.79 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 30,529.79 -- 30,529.79 0.77
Principal
Paydown 11/16/2024 380146AC4 28,562.34 GMCAR 2022-1 A3 1.26 11/16/2026 1.26% 28,562.34 -- 28,562.34 2.48
Principal
Paydown 11/21/2024 43815GAC3 39,950.63 HAROT 2021-4 A3 0.88 01/21/2026 0.89% 39,950.63 -- 39,950.63 8.42
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 23

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Principal
Paydown 11/25/2024 05602RAD3 51,038.35 BMWOT 2022-A A3 3.2108/25/2026 3.21% 51,038.35 -- 51,038.35 2.65 Total Principal
Paydown 472,533.52 472,533.52 -- 472,533.52 53.51

TOTAL OTHER
TRANSACTIONS 3,672,533.52 4,435,298.57 0.00 4,435,298.57 53.51 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 24

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
60934N807 FEDERATED HRMS GV O SVC
21,334,955.28
24,517,818.36
1,235,298.57
(4,418,161.65)
21,334,955.28

0.00 115,808.12

0.00 115,808.12

0.00 0.00

0.00 115,808.12
115,808.12
CCYUSD Cash

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00
CCYUSD Payable

0.00 (4,418,161.65)

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00
CCYUSD Receivable
702,323.17
184,025.41

0.00 0.00
702,323.17

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 22,037,278.45
20,283,682.12
1,235,298.57
(4,418,161.65)
22,037,278.45

0.00 115,808.12

0.00 115,808.12

0.00 0.00

0.00 115,808.12 115,808.12

FIXED INCOME
023135BX3 AMAZON.COM INC 1.0
05/12/2026
05/10/2021
05/12/2021
4,865,000.00
4,843,983.20

0.00 0.00
4,843,983.20
22,838.47
24,325.00
2,567.64
4,054.17

0.00 0.00

0.00 4,054.17
4,054.17
02582JJT8 AMXCA 2022-2 A 3.39
05/17/2027
05/17/2022
05/24/2022
2,765,000.00
2,764,388.38

0.00 0.00
2,764,388.38
4,165.93
7,811.13
4,165.93
7,811.13

0.00 0.00

0.00 7,811.13
7,811.13
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029
04/16/2024
04/23/2024
3,070,000.00
3,069,370.65

0.00 0.00
3,069,370.65
7,136.04
13,380.08
7,136.04
13,380.08

0.00 0.00

0.00 13,380.08
13,380.08
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 25

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
037833ET3 APPLE INC 4.0 05/10/2028
05/08/2023
05/10/2023
1,650,000.00
1,649,083.50

0.00 0.00
1,649,083.50
31,350.00
33,000.00
3,850.00
5,500.00

0.00 0.00

0.00 5,500.00
5,500.00
05522RDH8 BACCT 2023-2 A 4.98
11/16/2026
03/25/2024
03/27/2024
2,000,000.00
2,006,484.38

0.00 0.00
2,006,484.38
4,426.67
8,300.00
4,426.67
8,300.00

0.00 0.00

0.00 8,300.00
8,300.00
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
2,095,000.00
2,094,882.47

0.00 0.00
2,094,882.47
4,590.38
8,606.96
4,590.38
8,606.96

0.00 0.00

0.00 8,606.96
8,606.96
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
396,889.82
447,904.87

0.00 (51,035.70)
396,869.18
239.64
1,198.21
212.34
1,170.90

0.00 0.00

0.00 1,170.90
1,170.90
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027
03/25/2024
03/27/2024
1,800,000.00
1,798,382.81

0.00 0.00
1,798,382.81
1,494.00
7,470.00
1,494.00
7,470.00

0.00 0.00

0.00 7,470.00
7,470.00
06051GJD2 BANK OF AMERICA CORP

1.319 06/19/2026 3,000,000.00
3,007,920.00

0.00 0.00
3,007,920.00
14,509.00

0.00 17,806.50
3,297.50

0.00 0.00

0.00 3,297.50
3,297.50
06367WB85 BANK OF MONTREAL 1.85
05/01/2025
07/23/2021
07/27/2021
2,761,000.00
2,862,660.02

0.00 0.00
2,862,660.02
25,539.25
25,539.25
4,256.54
4,256.54

0.00 0.00

0.00 4,256.54
4,256.54
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
1,855,000.00
1,854,718.23

0.00 0.00
1,854,718.23
1,601.48
8,007.42
1,601.48
8,007.42

0.00 0.00

0.00 8,007.42
8,007.42
13063EGT7 CALIFORNIA ST 4.5
08/01/2029
10/30/2024
11/05/2024
4,395,000.00
4,418,161.65

0.00 0.00
4,418,161.65

0.00 0.00
14,283.75
14,283.75

0.00 0.00

0.00 14,283.75
14,283.75
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 26

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
14913UAJ9

CATERPILLAR FINANCIAL
SERVICES CORP 4.85
02/27/2029
03/19/2024
03/21/2024
2,500,000.00
2,504,150.00

0.00 0.00
2,504,150.00
21,555.56

0.00 31,659.72
10,104.17

0.00 0.00

0.00 10,104.17
10,104.17
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
3,645,000.00
3,643,989.61

0.00 0.00
3,643,989.61
8,359.20
15,673.50
8,359.20
15,673.50

0.00 0.00

0.00 15,673.50
15,673.50
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029 3,700,000.00
3,722,196.12

0.00 0.00
3,722,196.12
43,490.42

0.00 57,827.92
14,337.50

0.00 0.00

0.00 14,337.50
14,337.50
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/21/2024
02/26/2024
1,960,000.00
1,959,314.00

0.00 0.00
1,959,314.00
17,163.61

0.00 25,085.28
7,921.67

0.00 0.00

0.00 7,921.67
7,921.67
22160KAM7 COSTCO WHOLESALE CORP

3.0 05/18/2027
07/15/2022
07/19/2022
2,500,000.00
2,441,975.00

0.00 0.00
2,441,975.00
33,958.33
37,500.00
2,708.33
6,250.00

0.00 0.00

0.00 6,250.00
6,250.00
24422EWR6 JOHN DEERE CAPITAL CORP

4.75 01/20/2028
01/23/2023
01/25/2023
2,450,000.00
2,487,705.50

0.00 0.00
2,487,705.50
32,649.65

0.00 42,347.57
9,697.92

0.00 0.00

0.00 9,697.92
9,697.92
26442CAX2 DUKE ENERGY CAROLINAS
LLC 3.95 11/15/2028
12/06/2023
12/08/2023
3,280,000.00
3,156,836.00

0.00 0.00
3,156,836.00
59,741.56
64,780.00
5,758.22
10,796.67

0.00 0.00

0.00 10,796.67
10,796.67
26442UAH7 DUKE ENERGY PROGRESS LLC

3.45 03/15/2029
05/10/2024
05/14/2024
1,500,000.00
1,396,687.88

0.00 0.00
1,396,687.88
6,612.50

0.00 10,925.00
4,312.50

0.00 0.00

0.00 4,312.50
4,312.50
30303M8S4 META PLATFORMS INC 4.3
08/15/2029
08/12/2024
08/15/2024
2,280,000.00
2,276,460.36

0.00 0.00
2,276,460.36
22,331.33

0.00 30,501.33
8,170.00

0.00 0.00

0.00 8,170.00
8,170.00
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 27

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130AWN63 FEDERAL HOME LOAN BANKS

4.0 06/30/2028
08/21/2023
08/23/2023
3,000,000.00
2,931,360.00

0.00 0.00
2,931,360.00
40,333.33

0.00 50,333.33
10,000.00

0.00 0.00

0.00 10,000.00
10,000.00
3135G03U5

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.625 04/22/2025
04/22/2020
04/24/2020
5,270,000.00
5,259,143.80

0.00 0.00
5,259,143.80
823.44

0.00 3,568.23
2,744.79

0.00 0.00

0.00 2,744.79
2,744.79
3135G04Z3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
06/17/2025 6,200,000.00
6,196,731.90

0.00 0.00
6,196,731.90
11,538.89

0.00 14,122.22
2,583.33

0.00 0.00

0.00 2,583.33
2,583.33
3135G05X7

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 08/25/2025 6,285,000.00
6,260,439.20

0.00 0.00
6,260,439.20
4,320.94

0.00 6,285.00
1,964.06

0.00 0.00

0.00 1,964.06
1,964.06
3135G06G3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
11/07/2025 6,300,000.00
6,279,895.00

0.00 0.00
6,279,895.00
15,225.00
15,750.00
2,100.00
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
3135G0X24

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

1.625 01/07/2025 4,220,000.00
4,282,878.20

0.00 0.00
4,282,878.20
21,715.42

0.00 27,430.00
5,714.58

0.00 0.00

0.00 5,714.58
5,714.58
3137BSP72 FHMS K-058 A2 2.653
08/25/2026
11/12/2021
11/17/2021
1,500,000.00
1,586,425.78

0.00 0.00
1,586,425.78
3,316.25
3,316.25
3,316.25
3,316.25

0.00 0.00

0.00 3,316.25
3,316.25
3137BSRE5 FHMS K-059 A2 3.12
09/25/2026
02/18/2022
02/24/2022
3,000,000.00
3,128,437.50

0.00 0.00
3,128,437.50
7,800.00
7,800.00
7,800.00
7,800.00

0.00 0.00

0.00 7,800.00
7,800.00
3137EAEP0

FEDERAL HOME LOAN
MORTGAGE CORP 1.5
02/12/2025
02/13/2020
02/14/2020
825,000.00
824,364.75

0.00 0.00
824,364.75
2,715.63

0.00 3,746.88
1,031.25

0.00 0.00

0.00 1,031.25
1,031.25
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 28

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025 6,300,000.00
6,277,899.60

0.00 0.00
6,277,899.60
6,562.50

0.00 8,531.25
1,968.75

0.00 0.00

0.00 1,968.75
1,968.75
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025 6,295,000.00
6,276,346.05

0.00 0.00
6,276,346.05
2,491.77

0.00 4,458.96
1,967.19

0.00 0.00

0.00 1,967.19
1,967.19
3137F4D41 FHMS K-074 A2 3.6
01/25/2028
03/16/2023
03/21/2023
3,000,000.00
2,911,054.69

0.00 0.00
2,911,054.69
9,000.00
9,000.00
9,000.00
9,000.00

0.00 0.00

0.00 9,000.00
9,000.00
3137FBBX3 FHMS K-068 A2 3.244
08/25/2027
11/02/2022
11/07/2022
2,650,000.00
2,482,408.20

0.00 0.00
2,482,408.20
7,163.83
7,163.83
7,163.83
7,163.83

0.00 0.00

0.00 7,163.83
7,163.83
3137FEBQ2 FHMS K-072 A2 3.444
12/25/2027
07/20/2023
07/25/2023
4,690,000.00
4,471,072.27

0.00 0.00
4,471,072.27
13,460.30
13,460.30
13,460.30
13,460.30

0.00 0.00

0.00 13,460.30
13,460.30
3137FETN0 FHMS K-073 A2 3.35
01/25/2028 6,000,000.00
5,707,999.69

0.00 0.00
5,707,999.69
16,750.00
16,750.00
16,750.00
16,750.00

0.00 0.00

0.00 16,750.00
16,750.00
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028 5,320,000.00
5,229,125.01

0.00 0.00
5,229,125.01
17,068.33
17,068.33
17,068.33
17,068.33

0.00 0.00

0.00 17,068.33
17,068.33
3137FGR31 FHMS K-078 A2 3.854
06/25/2028
06/22/2023
06/27/2023
1,997,000.00
1,951,677.46

0.00 0.00
1,951,677.46
6,413.70
6,413.70
6,413.70
6,413.70

0.00 0.00

0.00 6,413.70
6,413.70
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
09/05/2023
09/08/2023
3,148,000.00
3,015,685.63

0.00 0.00
3,015,685.63
10,231.00
10,231.00
10,231.00
10,231.00

0.00 0.00

0.00 10,231.00
10,231.00
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 29

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137FJKE8 FHMS K-082 A2 3.92
09/25/2028
11/28/2023
12/01/2023
2,500,000.00
2,411,328.13

0.00 0.00
2,411,328.13
8,166.67
8,166.67
8,166.67
8,166.67

0.00 0.00

0.00 8,166.67
8,166.67
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029
05/30/2024
06/04/2024
4,950,000.00
4,637,144.53

0.00 0.00
4,637,144.53
14,115.75
14,115.75
14,115.75
14,115.75

0.00 0.00

0.00 14,115.75
14,115.75
3137FLYV0 FHMS K-092 A2 3.298
04/25/2029
04/19/2024
04/25/2024
3,000,000.00
2,775,468.75

0.00 0.00
2,775,468.75
8,245.00
8,245.00
8,245.00
8,245.00

0.00 0.00

0.00 8,245.00
8,245.00
3137H4BY5 FHMS K-746 A2 2.031
09/25/2028
03/21/2024
03/25/2024
5,000,000.00
4,480,468.75

0.00 0.00
4,480,468.75
8,462.50
8,462.50
8,462.50
8,462.50

0.00 0.00

0.00 8,462.50
8,462.50
3137H5YC5 FHMS K-748 A2 2.26
01/25/2029 8,000,000.00
7,168,164.07

0.00 0.00
7,168,164.07
15,066.67
15,066.66
15,066.67
15,066.66

0.00 0.00

0.00 15,066.66
15,066.66
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026
10/13/2021
10/21/2021
192,050.59
222,574.70

0.00 (30,529.02)
192,045.69

63.06 126.13

54.41 117.48

0.00 0.00

0.00 117.48
117.48
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028
03/25/2024
03/27/2024
1,985,000.00
1,980,890.43

0.00 0.00
1,980,890.43
4,011.35
8,022.71
4,011.35
8,022.71

0.00 0.00

0.00 8,022.71
8,022.71
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027
05/07/2024
05/16/2024
1,495,000.00
1,494,913.14

0.00 0.00
1,494,913.14
2,462.18
6,715.05
2,462.18
6,715.05

0.00 0.00

0.00 6,715.05
6,715.05
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026
01/11/2022
01/19/2022
205,562.16
234,104.16

0.00 (28,559.86)
205,544.29
122.92
245.83
107.92
230.83

0.00 0.00

0.00 230.83
230.83
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 30

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
40139LBC6 GUARDIAN LIFE GLOBAL
FUNDING 0.875 12/10/2025 3,000,000.00
2,969,700.00

0.00 0.00
2,969,700.00
10,281.25

0.00 12,468.75
2,187.50

0.00 0.00

0.00 2,187.50
2,187.50
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
09/23/2024
09/26/2024
3,050,000.00
3,050,000.00

0.00 0.00
3,050,000.00
12,391.90

0.00 23,013.52
10,621.63

0.00 0.00

0.00 10,621.63
10,621.63
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/20/2024
06/25/2024
3,000,000.00
2,987,610.00

0.00 0.00
2,987,610.00
49,875.00

0.00 61,750.00
11,875.00

0.00 0.00

0.00 11,875.00
11,875.00
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028
02/13/2024
02/21/2024
3,435,000.00
3,434,850.58

0.00 0.00
3,434,850.58
7,953.93
14,913.63
7,953.93
14,913.63

0.00 0.00

0.00 14,913.63
14,913.63
437930AC4 HONDO-242-A3 5.27
11/20/2028
05/14/2024
05/21/2024
1,415,000.00
1,414,828.08

0.00 0.00
1,414,828.08
2,692.82
6,214.21
2,692.82
6,214.21

0.00 0.00

0.00 6,214.21
6,214.21
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022
595,959.24
677,419.46

0.00 (81,549.85)
595,869.60
566.11
1,061.45
497.96
993.30

0.00 0.00

0.00 993.30
993.30
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
198,494.96
238,395.32

0.00 (39,942.21)
198,453.11

58.29 174.86

48.52 165.09

0.00 0.00

0.00 165.09
165.09
448973AD9 HART 2024-A A3 4.99
02/15/2029
03/26/2024
03/28/2024
2,000,000.00
2,000,781.25

0.00 0.00
2,000,781.25
4,435.56
8,316.67
4,435.56
8,316.67

0.00 0.00

0.00 8,316.67
8,316.67
448977AD0 HART 2022-A A3 2.22
10/15/2026
03/09/2022
03/16/2022
505,365.64
571,847.90

0.00 (66,501.72)
505,346.18
564.25
1,057.96
498.63
992.34

0.00 0.00

0.00 992.34
992.34
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 31

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
44934FAD7 HALST 2024-B A3 5.41
05/17/2027
05/14/2024
05/22/2024
1,615,000.00
1,614,955.10

0.00 0.00
1,614,955.10
3,883.18
7,280.96
3,883.18
7,280.96

0.00 0.00

0.00 7,280.96
7,280.96
44935FAD6 HART 2021-C A3 0.74
05/15/2026
11/09/2021
11/17/2021
107,254.03
139,771.88

0.00 (32,541.79)
107,230.09

45.98 86.21

35.27 75.51

0.00 0.00

0.00 75.51

75.51 4581X0DV7

INTER-AMERICAN
DEVELOPMENT BANK 0.875
04/20/2026
04/13/2021
04/20/2021
6,390,000.00
6,360,733.80

0.00 0.00
6,360,733.80
1,708.44

0.00 6,367.81
4,659.38

0.00 0.00

0.00 4,659.38
4,659.38
459058JL8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025 6,300,000.00
6,272,360.85

0.00 0.00
6,272,360.85
262.50

0.00 2,887.50
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
46647PAM8 JPMORGAN CHASE & CO

3.509 01/23/2029
01/18/2024
01/23/2024
3,300,000.00
3,116,157.00

0.00 0.00
3,116,157.00
31,522.52

0.00 41,172.27
9,649.75

0.00 0.00

0.00 9,649.75
9,649.75
46647PBK1 JPMORGAN CHASE & CO

2.083 04/22/2026
05/20/2021
05/24/2021
1,000,000.00
1,037,330.00

0.00 0.00
1,037,330.00
520.75

0.00 2,256.58
1,735.83

0.00 0.00

0.00 1,735.83
1,735.83
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
2,100,000.00
2,099,589.45

0.00 0.00
2,099,589.45
4,853.33
9,100.00
4,853.33
9,100.00

0.00 0.00

0.00 9,100.00
9,100.00
47787JAC2 JDOT 2022 A3 0.36
09/15/2026
03/10/2022
03/16/2022
336,007.42
389,698.53

0.00 (53,765.43)
335,933.10
401.91
753.58
346.46
698.13

0.00 0.00

0.00 698.13
698.13
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
196,058.82
244,840.74

0.00 (48,799.40)
196,041.34

56.59 106.11

45.31 94.83

0.00 0.00

0.00 94.83

94.83 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 32

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
1,880,000.00
1,879,657.46

0.00 0.00
1,879,657.46
4,186.13
7,849.00
4,186.13
7,849.00

0.00 0.00

0.00 7,849.00
7,849.00
532457CK2 ELI LILLY AND CO 4.5
02/09/2029
02/07/2024
02/09/2024
2,710,000.00
2,708,211.40

0.00 0.00
2,708,211.40
27,777.50

0.00 37,940.00
10,162.50

0.00 0.00

0.00 10,162.50
10,162.50
57629W4T4 MASSMUTUAL GLOBAL
FUNDING II 5.15 05/30/2029
05/22/2024
05/30/2024
1,850,000.00
1,848,464.50

0.00 0.00
1,848,464.50
39,962.57

0.00 264.65
(39,697.92)

0.00 0.00

0.00 (39,697.92)
(39,697.92)
57629W5B2 MASSMUTUAL GLOBAL
FUNDING II 4.85 01/17/2029
01/09/2024
01/17/2024
2,140,000.00
2,139,721.80

0.00 0.00
2,139,721.80
29,983.78

0.00 38,632.94
8,649.17

0.00 0.00

0.00 8,649.17
8,649.17
57629WDE7 MASSMUTUAL GLOBAL
FUNDING II 1.2 07/16/2026
08/10/2021
08/12/2021
2,272,000.00
2,271,369.92

0.00 0.00
2,271,369.92
7,952.00

0.00 10,224.00
2,272.00

0.00 0.00

0.00 2,272.00
2,272.00
57636QAW4 MASTERCARD INC 4.875
03/09/2028
03/06/2023
03/09/2023
2,090,000.00
2,087,972.70

0.00 0.00
2,087,972.70
14,717.08

0.00 23,207.71
8,490.63

0.00 0.00

0.00 8,490.63
8,490.63
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028
05/17/2024
05/23/2024
1,085,000.00
1,084,873.06

0.00 0.00
1,084,873.06
2,565.42
4,810.17
2,565.42
4,810.17

0.00 0.00

0.00 4,810.17
4,810.17
58933YBH7 MERCK & CO INC 4.05
05/17/2028
05/08/2023
05/17/2023
1,975,000.00
1,975,392.25

0.00 0.00
1,975,392.25
36,438.75
39,993.75
3,110.63
6,665.63

0.00 0.00

0.00 6,665.63
6,665.63
58989V2D5 MET TOWER GLOBAL
FUNDING 1.25 09/14/2026
09/07/2021
09/14/2021
1,715,000.00
1,713,422.20

0.00 0.00
1,713,422.20
2,798.78

0.00 4,585.24
1,786.46

0.00 0.00

0.00 1,786.46
1,786.46
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 33

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
58989V2H6 MET TOWER GLOBAL
FUNDING 5.25 04/12/2029
05/24/2024
05/29/2024
2,000,000.00
1,998,260.00

0.00 0.00
1,998,260.00
5,541.67

0.00 14,291.67
8,750.00

0.00 0.00

0.00 8,750.00
8,750.00
59217GER6 METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027
01/03/2022
01/11/2022
2,485,000.00
2,482,167.10

0.00 0.00
2,482,167.10
14,236.98

0.00 18,119.79
3,882.81

0.00 0.00

0.00 3,882.81
3,882.81
61747YFA8 MORGAN STANLEY 5.123
02/01/2029
02/13/2024
02/15/2024
2,650,000.00
2,632,165.50

0.00 0.00
2,632,165.50
33,939.88

0.00 45,253.17
11,313.29

0.00 0.00

0.00 11,313.29
11,313.29
63743HFN7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.85 02/07/2029
03/19/2024
03/21/2024
2,500,000.00
2,481,775.00

0.00 0.00
2,481,775.00
28,291.67

0.00 38,395.83
10,104.17

0.00 0.00

0.00 10,104.17
10,104.17
64952WFG3 NEW YORK LIFE GLOBAL
FUNDING 5.0 06/06/2029
06/03/2024
06/06/2024
2,120,000.00
2,115,929.60

0.00 0.00
2,115,929.60
42,694.44

0.00 51,527.78
8,833.33

0.00 0.00

0.00 8,833.33
8,833.33
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027
05/05/2022
05/10/2022
1,345,000.00
1,342,821.10

0.00 0.00
1,342,821.10
25,555.00
26,900.00
3,138.33
4,483.33

0.00 0.00

0.00 4,483.33
4,483.33
66815L2Q1

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.71
01/10/2029
01/10/2024
2,400,000.00
2,404,556.16

0.00 0.00
2,404,556.16
34,854.00

0.00 44,274.00
9,420.00

0.00 0.00

0.00 9,420.00
9,420.00
69371RS64 PACCAR FINANCIAL CORP

4.95 08/10/2028
08/03/2023
08/10/2023
1,670,000.00
1,667,361.40

0.00 0.00
1,667,361.40
18,599.63

0.00 25,488.38
6,888.75

0.00 0.00

0.00 6,888.75
6,888.75
713448FX1 PEPSICO INC 4.5 07/17/2029
07/15/2024
07/17/2024
3,775,000.00
3,769,148.75

0.00 0.00
3,769,148.75
49,075.00

0.00 63,231.25
14,156.25

0.00 0.00

0.00 14,156.25
14,156.25
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 34

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
74340XCG4 PROLOGIS LP 4.875
06/15/2028 4,000,000.00
3,959,713.70

0.00 0.00
3,959,713.70
73,666.67

0.00 89,916.67
16,250.00

0.00 0.00

0.00 16,250.00
16,250.00
74456QBX3

PUBLIC SERVICE ELECTRIC
AND GAS CO 3.65
09/01/2028
09/12/2023
09/14/2023
3,000,000.00
2,805,270.00

0.00 0.00
2,805,270.00
18,250.00

0.00 27,375.00
9,125.00

0.00 0.00

0.00 9,125.00
9,125.00
74460DAD1 PUBLIC STORAGE OPERATING
CO 3.385 05/01/2029 3,000,000.00
2,762,330.00

0.00 0.00
2,762,330.00
50,775.00
50,775.00
8,462.50
8,462.50

0.00 0.00

0.00 8,462.50
8,462.50
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 4,500,000.00
4,242,810.00

0.00 0.00
4,242,810.00
48,362.50

0.00 62,050.00
13,687.50

0.00 0.00

0.00 13,687.50
13,687.50
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028
09/12/2023
09/14/2023
3,500,000.00
3,454,675.00

0.00 0.00
3,454,675.00
45,500.00

0.00 60,666.67
15,166.67

0.00 0.00

0.00 15,166.67
15,166.67
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027
03/09/2022
03/11/2022
1,300,000.00
1,282,866.00

0.00 0.00
1,282,866.00
5,131.39

0.00 7,785.56
2,654.17

0.00 0.00

0.00 2,654.17
2,654.17
880591EZ1

TENNESSEE VALLEY
AUTHORITY 3.875
03/15/2028
05/04/2023
05/05/2023
3,500,000.00
3,548,755.00

0.00 0.00
3,548,755.00
17,329.86

0.00 28,631.94
11,302.08

0.00 0.00

0.00 11,302.08
11,302.08
89114TZT2 TORONTO-DOMINION BANK

2.8 03/10/2027
03/09/2022
03/11/2022
1,900,000.00
1,884,933.00

0.00 0.00
1,884,933.00
7,536.67

0.00 11,970.00
4,433.33

0.00 0.00

0.00 4,433.33
4,433.33
89115A2C5 TORONTO-DOMINION BANK

4.108 06/08/2027
08/26/2022
08/30/2022
1,400,000.00
1,395,310.00

0.00 0.00
1,395,310.00
22,845.04

0.00 27,637.71
4,792.67

0.00 0.00

0.00 4,792.67
4,792.67
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 35

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
89115A2Y7 TORONTO-DOMINION BANK

4.994 04/05/2029
03/26/2024
04/05/2024
2,330,000.00
2,330,000.00

0.00 0.00
2,330,000.00
8,403.79

0.00 18,100.48
9,696.68

0.00 0.00

0.00 9,696.68
9,696.68
89236TJK2 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026
06/15/2021
06/18/2021
3,325,000.00
3,323,537.00

0.00 0.00
3,323,537.00
13,819.53

0.00 16,936.72
3,117.19

0.00 0.00

0.00 3,117.19
3,117.19
89238JAC9 TAOT 2021-D A3 0.71
04/15/2026
11/09/2021
11/15/2021
197,414.38
236,665.21

0.00 (39,255.03)
197,410.18

74.68 140.03

62.30 127.64

0.00 0.00

0.00 127.64
127.64
912828ZC7 UNITED STATES TREASURY

1.125 02/28/2025
03/18/2020
03/19/2020
7,000,000.00
7,108,007.81

0.00 0.00
7,108,007.81
13,487.57

0.00 20,013.81
6,526.24

0.00 0.00

0.00 6,526.24
6,526.24
91282CAB7 UNITED STATES TREASURY

0.25 07/31/2025
03/12/2021
03/15/2021
4,225,000.00
4,139,839.84

0.00 0.00
4,139,839.84
2,669.33

0.00 3,530.40
861.07

0.00 0.00

0.00 861.07
861.07
91282CAM3 UNITED STATES TREASURY

0.25 09/30/2025
03/29/2021
03/30/2021
3,200,000.00
3,130,375.00

0.00 0.00
3,130,375.00
703.30

0.00 1,362.64
659.34

0.00 0.00

0.00 659.34
659.34
91282CAT8 UNITED STATES TREASURY

0.25 10/31/2025
02/19/2021
02/22/2021
6,000,000.00
5,923,125.00

0.00 0.00
5,923,125.00

41.44 0.00
1,284.53
1,243.09

0.00 0.00

0.00 1,243.09
1,243.09
91282CAZ4 UNITED STATES TREASURY

0.375 11/30/2025
03/26/2021
03/29/2021
3,800,000.00
3,731,867.19

0.00 0.00
3,731,867.19
5,995.90

0.00 39.15
(5,956.75)

0.00 0.00

0.00 (5,956.75)
(5,956.75)
91282CCW9 UNITED STATES TREASURY

0.75 08/31/2026
09/23/2021
09/24/2021
1,570,000.00
1,558,899.61

0.00 0.00
1,558,899.61
2,016.71

0.00 2,992.54
975.83

0.00 0.00

0.00 975.83
975.83
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 36

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
10/18/2021
10/19/2021
3,130,000.00
3,083,172.27

0.00 0.00
3,083,172.27
2,407.69

0.00 4,664.90
2,257.21

0.00 0.00

0.00 2,257.21
2,257.21
91282CDG3 UNITED STATES TREASURY

1.125 10/31/2026
11/15/2021
11/17/2021
3,120,000.00
3,100,987.50

0.00 0.00
3,100,987.50

96.96 0.00
3,005.80
2,908.84

0.00 0.00

0.00 2,908.84
2,908.84
91282CET4 UNITED STATES TREASURY

2.625 05/31/2027
06/09/2022
06/10/2022
2,400,000.00
2,351,156.25

0.00 0.00
2,351,156.25
26,508.20

0.00 173.08
(26,335.12)

0.00 0.00

0.00 (26,335.12)
(26,335.12)
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027 6,650,000.00
6,690,380.86

0.00 0.00
6,690,380.86
72,824.73

0.00 90,443.61
17,618.89

0.00 0.00

0.00 17,618.89
17,618.89
91282CFB2 UNITED STATES TREASURY

2.75 07/31/2027
08/22/2022
08/23/2022
1,300,000.00
1,277,960.94

0.00 0.00
1,277,960.94
9,034.65

0.00 11,949.05
2,914.40

0.00 0.00

0.00 2,914.40
2,914.40
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027 3,450,000.00
3,399,517.58

0.00 0.00
3,399,517.58
18,465.12

0.00 27,399.86
8,934.74

0.00 0.00

0.00 8,934.74
8,934.74
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027 2,800,000.00
2,770,000.01

0.00 0.00
2,770,000.01
10,153.85

0.00 19,673.08
9,519.23

0.00 0.00

0.00 9,519.23
9,519.23
91282CFZ9 UNITED STATES TREASURY

3.875 11/30/2027 4,600,000.00
4,628,085.94

0.00 0.00
4,628,085.94
75,001.37

0.00 489.70
(74,511.67)

0.00 0.00

0.00 (74,511.67)
(74,511.67)
91282CGC9 UNITED STATES TREASURY

3.875 12/31/2027 7,000,000.00
7,028,945.31

0.00 0.00
7,028,945.31
91,399.46

0.00 113,512.23
22,112.77

0.00 0.00

0.00 22,112.77
22,112.77
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 37

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
02/16/2023
02/17/2023
7,000,000.00
6,828,007.81

0.00 0.00
6,828,007.81
61,915.76

0.00 81,888.59
19,972.83

0.00 0.00

0.00 19,972.83
19,972.83
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
02/23/2023
02/28/2023
7,000,000.00
6,949,960.94

0.00 0.00
6,949,960.94
47,955.80

0.00 71,160.22
23,204.42

0.00 0.00

0.00 23,204.42
23,204.42
91282CHE4 UNITED STATES TREASURY

3.625 05/31/2028
06/14/2023
06/20/2023
7,000,000.00
6,884,335.94

0.00 0.00
6,884,335.94
106,769.13

0.00 697.12
(106,072.01)

0.00 0.00

0.00 (106,072.01)
(106,072.01)
91282CHX2 UNITED STATES TREASURY

4.375 08/31/2028
09/25/2023
09/26/2023
1,900,000.00
1,879,960.94

0.00 0.00
1,879,960.94
14,236.88

0.00 21,125.69
6,888.81

0.00 0.00

0.00 6,888.81
6,888.81
91282CJA0 UNITED STATES TREASURY

4.625 09/30/2028
10/04/2023
10/05/2023
5,800,000.00
5,763,296.88

0.00 0.00
5,763,296.88
23,582.42

0.00 45,690.93
22,108.52

0.00 0.00

0.00 22,108.52
22,108.52
91282CJF9 UNITED STATES TREASURY

4.875 10/31/2028
10/27/2023
10/31/2023
2,000,000.00
2,007,578.13

0.00 0.00
2,007,578.13
269.34

0.00 8,349.45
8,080.11

0.00 0.00

0.00 8,080.11
8,080.11
91282CJN2 UNITED STATES TREASURY

4.375 11/30/2028
12/28/2023
12/29/2023
3,400,000.00
3,482,875.00

0.00 0.00
3,482,875.00
62,588.80

0.00 408.65
(62,180.14)

0.00 0.00

0.00 (62,180.14)
(62,180.14)
91282CJR3 UNITED STATES TREASURY

3.75 12/31/2028 11,000,000.00
10,883,007.81

0.00 0.00
10,883,007.81
138,994.57

0.00 172,622.28
33,627.72

0.00 0.00

0.00 33,627.72
33,627.72
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/13/2024
02/14/2024
5,000,000.00
4,943,164.06

0.00 0.00
4,943,164.06
50,543.48

0.00 66,847.83
16,304.35

0.00 0.00

0.00 16,304.35
16,304.35
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 38

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
02/27/2024
02/29/2024
7,000,000.00
6,985,234.38

0.00 0.00
6,985,234.38
50,953.04

0.00 75,607.73
24,654.70

0.00 0.00

0.00 24,654.70
24,654.70
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
04/10/2024
04/12/2024
7,000,000.00
6,848,515.63

0.00 0.00
6,848,515.63
25,384.62

0.00 49,182.69
23,798.08

0.00 0.00

0.00 23,798.08
23,798.08
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 7,000,000.00
7,043,730.48

0.00 0.00
7,043,730.48
894.34

0.00 27,724.45
26,830.11

0.00 0.00

0.00 26,830.11
26,830.11
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/20/2024
06/21/2024
4,400,000.00
4,445,375.00

0.00 0.00
4,445,375.00
83,311.48

0.00 543.96
(82,767.52)

0.00 0.00

0.00 (82,767.52)
(82,767.52)
91282CKX8 UNITED STATES TREASURY

4.25 06/30/2029
07/18/2024
07/19/2024
4,000,000.00
4,028,281.25

0.00 0.00
4,028,281.25
57,282.61

0.00 71,141.30
13,858.70

0.00 0.00

0.00 13,858.70
13,858.70
91282CLK5 UNITED STATES TREASURY

3.625 08/31/2029
09/11/2024
09/13/2024
8,000,000.00
8,062,812.50

0.00 0.00
8,062,812.50
49,668.51

0.00 73,701.66
24,033.15

0.00 0.00

0.00 24,033.15
24,033.15
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 8,500,000.00
8,437,500.00

0.00 0.00
8,437,500.00
26,153.85

0.00 50,673.08
24,519.23

0.00 0.00

0.00 24,519.23
24,519.23
91324PEC2 UNITEDHEALTH GROUP INC

1.15 05/15/2026 805,000.00
807,605.05

0.00 0.00
807,605.05
4,268.74
4,628.75
411.44
771.46

0.00 0.00

0.00 771.46
771.46
91324PEG3 UNITEDHEALTH GROUP INC

3.7 05/15/2027
05/17/2022
05/20/2022
1,365,000.00
1,365,638.40

0.00 0.00
1,365,638.40
23,288.42
25,252.50
2,244.67
4,208.75

0.00 0.00

0.00 4,208.75
4,208.75
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 39

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91324PEP3 UNITEDHEALTH GROUP INC

5.25 02/15/2028
02/16/2023
02/21/2023
1,500,000.00
1,532,220.00

0.00 0.00
1,532,220.00
16,625.00

0.00 23,187.50
6,562.50

0.00 0.00

0.00 6,562.50
6,562.50
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
2,330,000.00
2,329,653.76

0.00 0.00
2,329,653.76
1,943.61
5,830.83
4,442.53
8,329.76

0.00 0.00

0.00 8,329.76
8,329.76
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
785,000.00
783,516.35

0.00 0.00
783,516.35
1,007.42

0.00 1,694.29
686.88

0.00 0.00

0.00 686.88
686.88
Total Fixed Income 429,984,057.05
425,550,852.19

0.00 (472,480.01)
425,078,372.19
2,662,783.19
646,956.93
2,667,155.89
651,329.64

0.00 0.00

0.00 651,329.64 651,329.64
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 26,242,026.35
23,042,026.35
16,400,000.00
(13,200,000.00)
26,242,026.35

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total LAIF 26,242,026.35
23,042,026.35
16,400,000.00
(13,200,000.00)
26,242,026.35

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
TOTAL PORTFOLIO 478,263,361.85
468,876,560.67
17,635,298.57
(18,090,641.66)
473,357,676.99
2,662,783.19
762,765.05
2,667,155.89
767,137.76

0.00 0.00

0.00 767,137.76 767,137.76
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 40

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount DECEMBER 2024
12/02/2024 Coupon 57629W4T4 0.00 MASSMUTUAL GLOBAL FUNDING II 5.15 05/30/2029 47,709.10 47,709.10
12/02/2024 Coupon 91282CAZ4 0.00 UNITED STATES TREASURY 0.375 11/30/2025 7,125.00 7,125.00 12/02/2024 Coupon 91282CET4 0.00 UNITED STATES TREASURY 2.625 05/31/2027 31,500.00 31,500.00 12/02/2024 Coupon 91282CHE4 0.00 UNITED STATES TREASURY 3.625 05/31/2028 126,875.00 126,875.00 12/02/2024 Coupon 91282CFZ9 0.00 UNITED STATES TREASURY 3.875 11/30/2027 89,125.00 89,125.00 12/02/2024 Coupon 91282CJN2 0.00 UNITED STATES TREASURY 4.375 11/30/2028 74,375.00 74,375.00 12/02/2024 Coupon 91282CKT7 0.00 UNITED STATES TREASURY 4.5 05/31/2029 99,000.00 99,000.00 12/04/2024 Sell 91282CAB7 1,725,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,435,831.36 2,435,831.36 12/06/2024 Coupon 64952WFG3 2,120,000.00 NEW YORK LIFE GLOBAL FUNDING 5.0 06/06/2029 53,000.00 53,000.00
12/09/2024 Coupon 89115A2C5 1,400,000.00 TORONTO-DOMINION BANK 4.108 06/08/2027 28,756.00 28,756.00 12/10/2024 Coupon 40139LBC6 3,000,000.00 GUARDIAN LIFE GLOBAL FUNDING 0.875 12/10/2025 13,125.00 13,125.00
12/16/2024 Coupon 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 12/16/2024 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 12/16/2024 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 12/16/2024 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 12/16/2024 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 12/16/2024 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 117.13 117.13 12/16/2024 Principal Paydown 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 26,186.45 26,186.45 12/16/2024 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 12/16/2024 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 215.84 215.84 12/16/2024 Principal Paydown 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 26,123.74 26,123.74 12/16/2024 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 12/16/2024 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 933.67 933.67 12/16/2024 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 71,501.25 71,501.25 12/16/2024 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 12/16/2024 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 940.58 940.58 12/16/2024 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 59,381.19 59,381.19 12/16/2024 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 41

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/16/2024 Coupon 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 69.16 69.16 12/16/2024 Principal Paydown 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 28,903.35 28,903.35 12/16/2024 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 12/16/2024 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 624.10 624.10 12/16/2024 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 36,542.44 36,542.44 12/16/2024 Coupon 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 84.96 84.96 12/16/2024 Principal Paydown 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 28,528.49 28,528.49 12/16/2024 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 7,849.00 7,849.00 12/16/2024 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 12/16/2024 Coupon 74340XCG4 4,000,000.00 PROLOGIS LP 4.875 06/15/2028 97,500.00 97,500.00 12/16/2024 Coupon 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 114.64 114.64 12/16/2024 Principal Paydown 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 35,600.36 35,600.36 12/16/2024 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 12/17/2024 Coupon 3135G04Z3 6,200,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 06/17/2025 15,500.00 15,500.00
12/18/2024 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 12/18/2024 Coupon 89236TJK2 3,325,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 18,703.13 18,703.13
12/19/2024 Coupon 06051GJD2 3,000,000.00 BANK OF AMERICA CORP 1.319 06/19/2026 19,785.00 19,785.00 12/20/2024 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 12/23/2024 Coupon 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 145.56 145.56 12/23/2024 Principal Paydown 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 35,349.19 35,349.19 12/25/2024 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 1,067.98 1,067.98 12/25/2024 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 46,125.09 46,125.09 12/25/2024 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 12/25/2024 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 12/26/2024 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 12/26/2024 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 12/26/2024 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 12/26/2024 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 12/26/2024 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 12/26/2024 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 42

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/26/2024 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 12/26/2024 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 12/26/2024 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 12/26/2024 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 12/26/2024 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 12/26/2024 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 12/26/2024 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 12/26/2024 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 12/26/2024 Coupon 437076DC3 3,000,000.00 HOME DEPOT INC 4.75 06/25/2029 71,250.00 71,250.00 12/30/2024 Coupon 3130AWN63 3,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/30/2028 60,000.00 60,000.00 12/31/2024 Coupon 91282CEW7 6,650,000.00 UNITED STATES TREASURY 3.25 06/30/2027 108,062.50 108,062.50 12/31/2024 Coupon 91282CGC9 7,000,000.00 UNITED STATES TREASURY 3.875 12/31/2027 135,625.00 135,625.00 12/31/2024 Coupon 91282CJR3 11,000,000.00 UNITED STATES TREASURY 3.75 12/31/2028 206,250.00 206,250.00 12/31/2024 Coupon 91282CKX8 4,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 85,000.00 85,000.00 December 2024
Total 2,830,072.92 1,688,641.11 4,518,714.03
JANUARY 2025
01/07/2025 Coupon 3135G0X24 4,220,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

1.625 01/07/2025 34,287.50 34,287.50
01/07/2025 Final Maturity 3135G0X24 4,220,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

1.625 01/07/2025 4,220,000.00 4,220,000.00
01/10/2025 Coupon 66815L2Q1 2,400,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.71 01/10/2029 56,520.00 56,520.00
01/13/2025 Coupon 59217GER6 2,485,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 1.875 01/11/2027 23,296.88 23,296.88
01/15/2025 Coupon 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 01/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 01/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 01/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 01/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 01/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 01/15/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 821.65 821.65 01/15/2025 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 70,107.09 70,107.09 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 43

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 01/15/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 830.72 830.72 01/15/2025 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 57,950.83 57,950.83 01/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 01/15/2025 Coupon 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 51.33 51.33 01/15/2025 Principal Paydown 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 28,194.36 28,194.36 01/15/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 01/15/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 553.45 553.45 01/15/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 42,866.67 42,866.67 01/15/2025 Coupon 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 72.60 72.60 01/15/2025 Principal Paydown 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 53,864.50 53,864.50 01/15/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 7,849.00 7,849.00 01/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 48,943.28 48,943.28 01/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 01/15/2025 Coupon 756109AU8 4,500,000.00 REALTY INCOME CORP 3.65 01/15/2028 82,125.00 82,125.00 01/15/2025 Coupon 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 93.57 93.57 01/15/2025 Principal Paydown 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 34,637.08 34,637.08 01/15/2025 Dividend 90LAIF$00 26,242,026.35 Local Agency Investment Fund State Pool 82,157.16 82,157.16 01/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 01/16/2025 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 102.29 102.29 01/16/2025 Principal Paydown 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 25,690.71 25,690.71 01/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 01/16/2025 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 188.41 188.41 01/16/2025 Principal Paydown 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 25,523.43 25,523.43 01/16/2025 Coupon 57629WDE7 2,272,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 13,632.00 13,632.00
01/17/2025 Coupon 57629W5B2 2,140,000.00 MASSMUTUAL GLOBAL FUNDING II 4.85 01/17/2029 51,895.00 51,895.00
01/17/2025 Coupon 713448FX1 3,775,000.00 PEPSICO INC 4.5 07/17/2029 84,937.50 84,937.50 01/20/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 01/20/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 01/21/2025 Coupon 24422EWR6 2,450,000.00 JOHN DEERE CAPITAL CORP 4.75 01/20/2028 58,187.50 58,187.50 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 44

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/21/2025 Coupon 3137EAEU9 6,300,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 11,812.50 11,812.50
01/21/2025 Coupon 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 119.64 119.64 01/21/2025 Principal Paydown 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 34,570.38 34,570.38 01/23/2025 Coupon 46647PAM8 3,300,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 57,898.50 57,898.50 01/27/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 944.59 944.59 01/27/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 44,937.88 44,937.88 01/27/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 01/27/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 01/27/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 01/27/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 01/27/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 01/27/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 01/27/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 01/27/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 01/27/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 01/27/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 01/27/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 01/27/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 01/27/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 01/27/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 01/27/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 01/27/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 01/31/2025 Coupon 91282CAB7 1,725,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,156.25 2,156.25 01/31/2025 Coupon 91282CFB2 1,300,000.00 UNITED STATES TREASURY 2.75 07/31/2027 17,875.00 17,875.00 01/31/2025 Coupon 91282CGH8 7,000,000.00 UNITED STATES TREASURY 3.5 01/31/2028 122,500.00 122,500.00 01/31/2025 Coupon 91282CJW2 5,000,000.00 UNITED STATES TREASURY 4.0 01/31/2029 100,000.00 100,000.00 January 2025 Total 4,769,443.36 1,016,963.66 5,786,407.02 FEBRUARY 2025
02/03/2025 Coupon 13063EGT7 4,395,000.00 CALIFORNIA ST 4.5 08/01/2029 47,246.25 47,246.25 02/03/2025 Coupon 61747YFA8 2,650,000.00 MORGAN STANLEY 5.123 02/01/2029 67,879.75 67,879.75 02/03/2025 Coupon 78016HZS2 3,500,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 91,000.00 91,000.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 45

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/07/2025 Coupon 63743HFN7 2,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.85 02/07/2029 60,625.00 60,625.00
02/10/2025 Coupon 532457CK2 2,710,000.00 ELI LILLY AND CO 4.5 02/09/2029 60,975.00 60,975.00 02/10/2025 Coupon 69371RS64 1,670,000.00 PACCAR FINANCIAL CORP 4.95 08/10/2028 41,332.50 41,332.50 02/12/2025 Coupon 3137EAEP0 825,000.00 FEDERAL HOME LOAN MORTGAGE CORP 1.5 02/12/2025 6,187.50 6,187.50
02/12/2025 Final Maturity 3137EAEP0 825,000.00 FEDERAL HOME LOAN MORTGAGE CORP 1.5 02/12/2025 825,000.00 825,000.00
02/17/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 02/17/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 02/17/2025 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 87.74 87.74 02/17/2025 Principal Paydown 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 25,322.63 25,322.63 02/17/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 02/17/2025 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 161.61 161.61 02/17/2025 Principal Paydown 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 25,070.19 25,070.19 02/17/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 02/17/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 711.82 711.82 02/17/2025 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 68,734.56 68,734.56 02/17/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 02/17/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 723.51 723.51 02/17/2025 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 56,895.90 56,895.90 02/17/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 02/17/2025 Coupon 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 33.95 33.95 02/17/2025 Principal Paydown 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 27,646.28 27,646.28 02/17/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 02/17/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 470.58 470.58 02/17/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 32,427.22 32,427.22 02/17/2025 Coupon 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 49.26 49.26 02/17/2025 Principal Paydown 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 48,037.38 48,037.38 02/17/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 7,644.66 7,644.66 02/17/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 99,123.17 99,123.17 02/17/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 46

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/17/2025 Coupon 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 73.08 73.08 02/17/2025 Principal Paydown 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 33,959.85 33,959.85 02/18/2025 Coupon 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 02/18/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 02/18/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 02/18/2025 Coupon 171239AL0 3,700,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 93,193.75 93,193.75 02/18/2025 Coupon 30303M8S4 2,280,000.00 META PLATFORMS INC 4.3 08/15/2029 50,654.00 50,654.00 02/18/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 02/18/2025 Coupon 91324PEP3 1,500,000.00 UNITEDHEALTH GROUP INC 5.25 02/15/2028 39,375.00 39,375.00 02/18/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 02/20/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 02/21/2025 Coupon 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 94.29 94.29 02/21/2025 Principal Paydown 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 33,868.18 33,868.18 02/25/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 824.38 824.38 02/25/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 41,170.95 41,170.95 02/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 02/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 02/25/2025 Coupon 3135G05X7 6,285,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 11,784.38 11,784.38
02/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 02/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 02/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 02/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 02/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 02/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 02/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 02/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 02/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 02/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 02/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 02/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 02/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 47

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 02/26/2025 Coupon 17275RBR2 1,960,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 47,530.00 47,530.00 02/27/2025 Coupon 14913UAJ9 2,500,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 60,625.00 60,625.00
02/28/2025 Coupon 912828ZC7 7,000,000.00 UNITED STATES TREASURY 1.125 02/28/2025 39,375.00 39,375.00 02/28/2025 Final Maturity 912828ZC7 7,000,000.00 UNITED STATES TREASURY 1.125 02/28/2025 7,000,000.00 7,000,000.00 02/28/2025 Coupon 91282CCW9 1,570,000.00 UNITED STATES TREASURY 0.75 08/31/2026 5,887.50 5,887.50 02/28/2025 Coupon 91282CFH9 3,450,000.00 UNITED STATES TREASURY 3.125 08/31/2027 53,906.25 53,906.25 02/28/2025 Coupon 91282CGP0 7,000,000.00 UNITED STATES TREASURY 4.0 02/29/2028 140,000.00 140,000.00 02/28/2025 Coupon 91282CHX2 1,900,000.00 UNITED STATES TREASURY 4.375 08/31/2028 41,562.50 41,562.50 02/28/2025 Coupon 91282CKD2 7,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 148,750.00 148,750.00 02/28/2025 Coupon 91282CLK5 8,000,000.00 UNITED STATES TREASURY 3.625 08/31/2029 145,000.00 145,000.00 February 2025
Total 8,317,256.31 1,551,977.01 9,869,233.32
MARCH 2025
03/03/2025 Coupon 74456QBX3 3,000,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 54,750.00 54,750.00
03/03/2025 Coupon 808513BY0 1,300,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 15,925.00 15,925.00 03/10/2025 Coupon 57636QAW4 2,090,000.00 MASTERCARD INC 4.875 03/09/2028 50,943.75 50,943.75 03/10/2025 Coupon 89114TZT2 1,900,000.00 TORONTO-DOMINION BANK 2.8 03/10/2027 26,600.00 26,600.00 03/14/2025 Coupon 58989V2D5 1,715,000.00 MET TOWER GLOBAL FUNDING 1.25 09/14/2026 10,718.75 10,718.75
03/17/2025 Coupon 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 03/17/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 03/17/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 03/17/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 03/17/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 03/17/2025 Coupon 26442UAH7 1,500,000.00 DUKE ENERGY PROGRESS LLC 3.45 03/15/2029 25,875.00 25,875.00 03/17/2025 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 73.39 73.39 03/17/2025 Principal Paydown 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 24,659.04 24,659.04 03/17/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 03/17/2025 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 135.29 135.29 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 48

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/17/2025 Principal Paydown 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 23,485.34 23,485.34 03/17/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 03/17/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 604.13 604.13 03/17/2025 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 66,703.64 66,703.64 03/17/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 03/17/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 618.26 618.26 03/17/2025 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 55,033.48 55,033.48 03/17/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 03/17/2025 Coupon 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 16.90 16.90 03/17/2025 Principal Paydown 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 26,761.08 26,761.08 03/17/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 03/17/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 407.89 407.89 03/17/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 26,493.04 26,493.04 03/17/2025 Coupon 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 28.44 28.44 03/17/2025 Principal Paydown 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 40,311.14 40,311.14 03/17/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 7,230.82 7,230.82 03/17/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 91,615.53 91,615.53 03/17/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 03/17/2025 Coupon 880591EZ1 3,500,000.00 TENNESSEE VALLEY AUTHORITY 3.875 03/15/2028 67,812.50 67,812.50
03/17/2025 Coupon 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 52.99 52.99 03/17/2025 Principal Paydown 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 32,919.17 32,919.17 03/17/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 03/17/2025 Coupon 931142ER0 785,000.00 WALMART INC 1.05 09/17/2026 4,121.25 4,121.25 03/18/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 03/20/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 03/21/2025 Coupon 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 69.45 69.45 03/21/2025 Principal Paydown 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 32,887.88 32,887.88 03/24/2025 Coupon 3137EAEX3 6,295,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 11,803.13 11,803.13
03/25/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 714.25 714.25 03/25/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 39,859.03 39,859.03 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 49

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 03/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 03/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 03/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 03/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 03/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 03/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 03/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 03/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 03/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 03/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 03/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 03/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 03/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 03/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 03/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 03/26/2025 Coupon 40139LBJ1 3,050,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 63,729.75 63,729.75
03/31/2025 Coupon 91282CAM3 3,200,000.00 UNITED STATES TREASURY 0.25 09/30/2025 4,000.00 4,000.00 03/31/2025 Coupon 91282CCZ2 3,130,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,693.75 13,693.75 03/31/2025 Coupon 91282CFM8 2,800,000.00 UNITED STATES TREASURY 4.125 09/30/2027 57,750.00 57,750.00 03/31/2025 Coupon 91282CJA0 5,800,000.00 UNITED STATES TREASURY 4.625 09/30/2028 134,125.00 134,125.00 03/31/2025 Coupon 91282CKG5 7,000,000.00 UNITED STATES TREASURY 4.125 03/31/2029 144,375.00 144,375.00 03/31/2025 Coupon 91282CLN9 8,500,000.00 UNITED STATES TREASURY 3.5 09/30/2029 148,750.00 148,750.00 March 2025 Total 460,728.36 1,133,137.44 1,593,865.80
APRIL 2025
04/07/2025 Coupon 89115A2Y7 2,330,000.00 TORONTO-DOMINION BANK 4.994 04/05/2029 58,180.10 58,180.10 04/14/2025 Coupon 58989V2H6 2,000,000.00 MET TOWER GLOBAL FUNDING 5.25 04/12/2029 52,500.00 52,500.00
04/15/2025 Coupon 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 04/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 04/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 50

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 04/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 04/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 04/15/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 499.63 499.63 04/15/2025 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 67,464.39 67,464.39 04/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 04/15/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 516.44 516.44 04/15/2025 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 56,484.01 56,484.01 04/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 04/15/2025 Coupon 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 0.39 0.39 04/15/2025 Effective Maturity 44935FAD6 107,254.03 HART 2021-C A3 0.74 05/15/2026 639.42 639.42 04/15/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 04/15/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 356.67 356.67 04/15/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 33,689.12 33,689.12 04/15/2025 Coupon 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 10.97 10.97 04/15/2025 Effective Maturity 47789QAC4 196,058.82 JDOT 2021-B A3 0.52 03/16/2026 25,317.32 25,317.32 04/15/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 6,848.33 6,848.33 04/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 110,467.60 110,467.60 04/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 04/15/2025 Coupon 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 33.51 33.51 04/15/2025 Principal Paydown 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 33,355.26 33,355.26 04/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 04/16/2025 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 59.41 59.41 04/16/2025 Principal Paydown 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 25,357.14 25,357.14 04/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 04/16/2025 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 110.63 110.63 04/16/2025 Principal Paydown 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 24,208.45 24,208.45 04/18/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 04/21/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 04/21/2025 Coupon 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 45.33 45.33 04/21/2025 Principal Paydown 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 33,032.75 33,032.75 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 51

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/21/2025 Coupon 4581X0DV7 6,390,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 27,956.25 27,956.25
04/22/2025 Coupon 3135G03U5 5,270,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.625 04/22/2025 16,468.75 16,468.75
04/22/2025 Final Maturity 3135G03U5 5,270,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.625 04/22/2025 5,270,000.00 5,270,000.00
04/22/2025 Coupon 46647PBK1 1,000,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 10,415.00 10,415.00 04/22/2025 Effective Maturity 46647PBK1 1,000,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 1,000,000.00 1,000,000.00 04/25/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 607.63 607.63 04/25/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 40,721.87 40,721.87 04/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 04/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 04/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 04/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 04/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 04/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 04/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 04/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 04/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 04/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 04/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 04/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 04/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 04/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 04/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 04/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 04/28/2025 Coupon 459058JL8 6,300,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 15,750.00 15,750.00
04/30/2025 Coupon 91282CAT8 6,000,000.00 UNITED STATES TREASURY 0.25 10/31/2025 7,500.00 7,500.00 04/30/2025 Coupon 91282CDG3 3,120,000.00 UNITED STATES TREASURY 1.125 10/31/2026 17,550.00 17,550.00 04/30/2025 Coupon 91282CJF9 2,000,000.00 UNITED STATES TREASURY 4.875 10/31/2028 48,750.00 48,750.00 04/30/2025 Coupon 91282CKP5 7,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 161,875.00 161,875.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 52

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount April 2025 Total 6,720,737.33 714,246.81 7,434,984.15
MAY 2025
05/01/2025 Coupon 06367WB85 2,761,000.00 BANK OF MONTREAL 1.85 05/01/2025 25,539.25 25,539.25 05/01/2025 Final Maturity 06367WB85 2,761,000.00 BANK OF MONTREAL 1.85 05/01/2025 2,761,000.00 2,761,000.00 05/01/2025 Coupon 74460DAD1 3,000,000.00 PUBLIC STORAGE OPERATING CO 3.385 05/01/2029 50,775.00 50,775.00
05/07/2025 Coupon 3135G06G3 6,300,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 15,750.00 15,750.00
05/12/2025 Coupon 023135BX3 4,865,000.00 AMAZON.COM INC 1.0 05/12/2026 24,325.00 24,325.00 05/12/2025 Coupon 037833ET3 1,650,000.00 APPLE INC 4.0 05/10/2028 33,000.00 33,000.00 05/12/2025 Coupon 665859AW4 1,345,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 26,900.00 26,900.00 05/15/2025 Coupon 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 05/15/2025 Final Maturity 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,765,000.00 2,765,000.00 05/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 05/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 05/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 05/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 05/15/2025 Coupon 26442CAX2 3,280,000.00 DUKE ENERGY CAROLINAS LLC 3.95 11/15/2028 64,780.00 64,780.00
05/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 05/15/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 393.94 393.94 05/15/2025 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 64,886.36 64,886.36 05/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 05/15/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 411.95 411.95 05/15/2025 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 54,240.23 54,240.23 05/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 05/15/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 05/15/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 291.53 291.53 05/15/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 30,921.41 30,921.41 05/15/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 6,387.13 6,387.13 05/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 106,708.28 106,708.28 05/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 53

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2025 Coupon 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 13.77 13.77 05/15/2025 Effective Maturity 89238JAC9 197,414.38 TAOT 2021-D A3 0.71 04/15/2026 23,278.94 23,278.94 05/15/2025 Coupon 91324PEC2 805,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 4,628.75 4,628.75 05/15/2025 Coupon 91324PEG3 1,365,000.00 UNITEDHEALTH GROUP INC 3.7 05/15/2027 25,252.50 25,252.50 05/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 05/16/2025 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 45.04 45.04 05/16/2025 Principal Paydown 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 24,523.32 24,523.32 05/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 05/16/2025 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 85.21 85.21 05/16/2025 Principal Paydown 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 23,200.54 23,200.54 05/19/2025 Coupon 22160KAM7 2,500,000.00 COSTCO WHOLESALE CORP 3.0 05/18/2027 37,500.00 37,500.00 05/19/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 05/19/2025 Coupon 58933YBH7 1,975,000.00 MERCK & CO INC 4.05 05/17/2028 39,993.75 39,993.75 05/20/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 05/21/2025 Coupon 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 21.11 21.11 05/21/2025 Effective Maturity 43815GAC3 198,494.96 HAROT 2021-4 A3 0.88 01/21/2026 28,786.57 28,786.57 05/26/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 498.70 498.70 05/26/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 39,104.57 39,104.57 05/26/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 05/26/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 05/26/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 05/26/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 05/26/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 05/26/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 05/26/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 05/26/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 05/26/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 05/26/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 05/26/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 05/26/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 05/26/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 05/26/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 54

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/26/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 05/26/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 05/30/2025 Coupon 57629W4T4 1,850,000.00 MASSMUTUAL GLOBAL FUNDING II 5.15 05/30/2029 47,637.50 47,637.50
May 2025 Total 5,921,650.21 692,442.90 6,614,093.11
JUNE 2025
06/02/2025 Coupon 91282CAZ4 3,800,000.00 UNITED STATES TREASURY 0.375 11/30/2025 7,125.00 7,125.00 06/02/2025 Coupon 91282CET4 2,400,000.00 UNITED STATES TREASURY 2.625 05/31/2027 31,500.00 31,500.00 06/02/2025 Coupon 91282CFZ9 4,600,000.00 UNITED STATES TREASURY 3.875 11/30/2027 89,125.00 89,125.00 06/02/2025 Coupon 91282CHE4 7,000,000.00 UNITED STATES TREASURY 3.625 05/31/2028 126,875.00 126,875.00 06/02/2025 Coupon 91282CJN2 3,400,000.00 UNITED STATES TREASURY 4.375 11/30/2028 74,375.00 74,375.00 06/02/2025 Coupon 91282CKT7 4,400,000.00 UNITED STATES TREASURY 4.5 05/31/2029 99,000.00 99,000.00 06/05/2025 Coupon 64952WFK4 3,445,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 79,235.00 79,235.00
06/06/2025 Coupon 64952WFG3 2,120,000.00 NEW YORK LIFE GLOBAL FUNDING 5.0 06/06/2029 53,000.00 53,000.00
06/09/2025 Coupon 89115A2C5 1,400,000.00 TORONTO-DOMINION BANK 4.108 06/08/2027 28,756.00 28,756.00 06/10/2025 Coupon 40139LBC6 3,000,000.00 GUARDIAN LIFE GLOBAL FUNDING 0.875 12/10/2025 13,125.00 13,125.00
06/16/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 06/16/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 06/16/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 06/16/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 06/16/2025 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 31.15 31.15 06/16/2025 Principal Paydown 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 23,454.21 23,454.21 06/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 06/16/2025 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 60.85 60.85 06/16/2025 Principal Paydown 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 22,725.56 22,725.56 06/16/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 06/16/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 292.28 292.28 06/16/2025 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 63,281.87 63,281.87 06/16/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 55

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/16/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 311.60 311.60 06/16/2025 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 53,077.89 53,077.89 06/16/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 06/16/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 06/16/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 231.75 231.75 06/16/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 25,020.60 25,020.60 06/16/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 5,941.62 5,941.62 06/16/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 96,036.94 96,036.94 06/16/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 06/16/2025 Coupon 74340XCG4 4,000,000.00 PROLOGIS LP 4.875 06/15/2028 97,500.00 97,500.00 06/16/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 06/17/2025 Coupon 3135G04Z3 6,200,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 06/17/2025 15,500.00 15,500.00
06/17/2025 Final Maturity 3135G04Z3 6,200,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 06/17/2025 6,200,000.00 6,200,000.00
06/18/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 06/18/2025 Coupon 89236TJK2 3,325,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 18,703.13 18,703.13
06/19/2025 Coupon 06051GJD2 3,000,000.00 BANK OF AMERICA CORP 1.319 06/19/2026 19,785.00 19,785.00 06/19/2025 Effective Maturity 06051GJD2 3,000,000.00 BANK OF AMERICA CORP 1.319 06/19/2026 3,000,000.00 3,000,000.00 06/20/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 06/25/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 394.09 394.09 06/25/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 36,825.64 36,825.64 06/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 06/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 06/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 06/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 06/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 06/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 06/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 06/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 06/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 56

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 06/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 06/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 06/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 06/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 06/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 06/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 06/25/2025 Coupon 437076DC3 3,000,000.00 HOME DEPOT INC 4.75 06/25/2029 71,250.00 71,250.00 06/30/2025 Coupon 3130AWN63 3,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/30/2028 60,000.00 60,000.00 06/30/2025 Coupon 91282CEW7 6,650,000.00 UNITED STATES TREASURY 3.25 06/30/2027 108,062.50 108,062.50 06/30/2025 Coupon 91282CGC9 7,000,000.00 UNITED STATES TREASURY 3.875 12/31/2027 135,625.00 135,625.00 06/30/2025 Coupon 91282CJR3 11,000,000.00 UNITED STATES TREASURY 3.75 12/31/2028 206,250.00 206,250.00 06/30/2025 Coupon 91282CKX8 4,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 85,000.00 85,000.00 June 2025 Total 9,520,422.72 1,707,456.61 11,227,879.33 JULY 2025
07/10/2025 Coupon 66815L2Q1 2,400,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.71 01/10/2029 56,520.00 56,520.00
07/11/2025 Coupon 59217GER6 2,485,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 1.875 01/11/2027 23,296.88 23,296.88
07/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 07/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 07/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 07/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 07/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 07/15/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 193.14 193.14 07/15/2025 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 61,630.44 61,630.44 07/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 07/15/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 213.41 213.41 07/15/2025 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 51,888.00 51,888.00 07/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 07/15/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 07/15/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 183.38 183.38 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 57

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 29,637.85 29,637.85 07/15/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 5,540.66 5,540.66 07/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 98,682.51 98,682.51 07/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 07/15/2025 Coupon 756109AU8 4,500,000.00 REALTY INCOME CORP 3.65 01/15/2028 82,125.00 82,125.00 07/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 07/16/2025 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 17.86 17.86 07/16/2025 Principal Paydown 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 22,532.40 22,532.40 07/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 07/16/2025 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 36.99 36.99 07/16/2025 Principal Paydown 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 22,220.42 22,220.42 07/16/2025 Coupon 57629WDE7 2,272,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 13,632.00 13,632.00
07/17/2025 Coupon 57629W5B2 2,140,000.00 MASSMUTUAL GLOBAL FUNDING II 4.85 01/17/2029 51,895.00 51,895.00
07/17/2025 Coupon 713448FX1 3,775,000.00 PEPSICO INC 4.5 07/17/2029 84,937.50 84,937.50 07/18/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 07/21/2025 Coupon 24422EWR6 2,450,000.00 JOHN DEERE CAPITAL CORP 4.75 01/20/2028 58,187.50 58,187.50 07/21/2025 Coupon 3137EAEU9 6,300,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 11,812.50 11,812.50
07/21/2025 Final Maturity 3137EAEU9 6,300,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 6,300,000.00 6,300,000.00
07/21/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 07/23/2025 Coupon 46647PAM8 3,300,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 57,898.50 57,898.50 07/25/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 295.58 295.58 07/25/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 35,220.61 35,220.61 07/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 07/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 69,686.62 69,686.62 07/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 07/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 07/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 07/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 58

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 07/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 07/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 07/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 07/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 07/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 07/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 07/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 07/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 07/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 07/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 07/31/2025 Coupon 91282CAB7 1,725,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,156.25 2,156.25 07/31/2025 Final Maturity 91282CAB7 1,725,000.00 UNITED STATES TREASURY 0.25 07/31/2025 1,725,000.00 1,725,000.00 07/31/2025 Coupon 91282CFB2 1,300,000.00 UNITED STATES TREASURY 2.75 07/31/2027 17,875.00 17,875.00 07/31/2025 Coupon 91282CGH8 7,000,000.00 UNITED STATES TREASURY 3.5 01/31/2028 122,500.00 122,500.00 07/31/2025 Coupon 91282CJW2 5,000,000.00 UNITED STATES TREASURY 4.0 01/31/2029 100,000.00 100,000.00 July 2025 Total 8,416,498.86 969,718.79 9,386,217.65
AUGUST 2025
08/01/2025 Coupon 13063EGT7 4,395,000.00 CALIFORNIA ST 4.5 08/01/2029 98,887.50 98,887.50 08/01/2025 Coupon 61747YFA8 2,650,000.00 MORGAN STANLEY 5.123 02/01/2029 67,879.75 67,879.75 08/01/2025 Coupon 78016HZS2 3,500,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 91,000.00 91,000.00 08/07/2025 Coupon 63743HFN7 2,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.85 02/07/2029 60,625.00 60,625.00
08/11/2025 Coupon 532457CK2 2,710,000.00 ELI LILLY AND CO 4.5 02/09/2029 60,975.00 60,975.00 08/11/2025 Coupon 69371RS64 1,670,000.00 PACCAR FINANCIAL CORP 4.95 08/10/2028 41,332.50 41,332.50 08/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 08/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 08/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 08/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 08/15/2025 Coupon 171239AL0 3,700,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 86,025.00 86,025.00 08/15/2025 Coupon 30303M8S4 2,280,000.00 META PLATFORMS INC 4.3 08/15/2029 49,020.00 49,020.00 08/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 59

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 96.58 96.58 08/15/2025 Principal Paydown 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 59,750.28 59,750.28 08/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 08/15/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 117.42 117.42 08/15/2025 Principal Paydown 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 50,404.52 50,404.52 08/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 08/15/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 08/15/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 126.08 126.08 08/15/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 26,853.92 26,853.92 08/15/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 5,128.66 5,128.66 08/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 90,695.26 90,695.26 08/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 08/15/2025 Coupon 91324PEP3 1,500,000.00 UNITEDHEALTH GROUP INC 5.25 02/15/2028 39,375.00 39,375.00 08/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 08/18/2025 Coupon 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 5.09 5.09 08/18/2025 Effective Maturity 362554AC1 192,050.59 GMCAR 2021-4 A3 0.68 09/16/2026 8,980.22 8,980.22 08/18/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 08/18/2025 Coupon 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 13.65 13.65 08/18/2025 Effective Maturity 380146AC4 205,562.16 GMCAR 2022-1 A3 1.26 11/16/2026 13,004.48 13,004.48 08/18/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 08/20/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 08/25/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 201.37 201.37 08/25/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 34,107.14 34,107.14 08/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,180.80 7,180.80 08/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 150,457.91 150,457.91 08/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 08/25/2025 Coupon 3135G05X7 6,285,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 11,784.38 11,784.38
08/25/2025 Final Maturity 3135G05X7 6,285,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 6,285,000.00 6,285,000.00
08/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 08/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 60

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 08/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 08/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 08/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 08/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 08/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 08/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 08/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 08/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 08/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 08/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 08/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 08/26/2025 Coupon 17275RBR2 1,960,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 47,530.00 47,530.00 08/27/2025 Coupon 14913UAJ9 2,500,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 60,625.00 60,625.00
August 2025 Total 6,719,253.74 1,000,860.43 7,720,114.16 SEPTEMBER 2025
09/02/2025 Coupon 74456QBX3 3,000,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 54,750.00 54,750.00
09/02/2025 Coupon 91282CCW9 1,570,000.00 UNITED STATES TREASURY 0.75 08/31/2026 5,887.50 5,887.50 09/02/2025 Coupon 91282CFH9 3,450,000.00 UNITED STATES TREASURY 3.125 08/31/2027 53,906.25 53,906.25 09/02/2025 Coupon 91282CGP0 7,000,000.00 UNITED STATES TREASURY 4.0 02/29/2028 140,000.00 140,000.00 09/02/2025 Coupon 91282CHX2 1,900,000.00 UNITED STATES TREASURY 4.375 08/31/2028 41,562.50 41,562.50 09/02/2025 Coupon 91282CKD2 7,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 148,750.00 148,750.00 09/02/2025 Coupon 91282CLK5 8,000,000.00 UNITED STATES TREASURY 3.625 08/31/2029 145,000.00 145,000.00 09/03/2025 Coupon 808513BY0 1,300,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 15,925.00 15,925.00 09/09/2025 Coupon 57636QAW4 2,090,000.00 MASTERCARD INC 4.875 03/09/2028 50,943.75 50,943.75 09/10/2025 Coupon 89114TZT2 1,900,000.00 TORONTO-DOMINION BANK 2.8 03/10/2027 26,600.00 26,600.00 09/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 09/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 09/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 09/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 61

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2025 Coupon 26442UAH7 1,500,000.00 DUKE ENERGY PROGRESS LLC 3.45 03/15/2029 25,875.00 25,875.00 09/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 09/15/2025 Coupon 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 2.98 2.98 09/15/2025 Effective Maturity 43815BAC4 595,959.24 HAROT 2022-1 A3 1.88 05/15/2026 1,899.38 1,899.38 09/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 09/15/2025 Coupon 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 24.17 24.17 09/15/2025 Effective Maturity 448977AD0 505,365.64 HART 2022-A A3 2.22 10/15/2026 13,064.54 13,064.54 09/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 09/15/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 09/15/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 74.16 74.16 09/15/2025 Principal Paydown 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 26,157.77 26,157.77 09/15/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 4,750.01 4,750.01 09/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 92,432.46 92,432.46 09/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 09/15/2025 Coupon 58989V2D5 1,715,000.00 MET TOWER GLOBAL FUNDING 1.25 09/14/2026 10,718.75 10,718.75
09/15/2025 Coupon 880591EZ1 3,500,000.00 TENNESSEE VALLEY AUTHORITY 3.875 03/15/2028 67,812.50 67,812.50
09/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 09/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 09/17/2025 Coupon 931142ER0 785,000.00 WALMART INC 1.05 09/17/2026 4,121.25 4,121.25 09/18/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 09/22/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 09/23/2025 Coupon 3137EAEX3 6,295,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 11,803.13 11,803.13
09/23/2025 Final Maturity 3137EAEX3 6,295,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 6,295,000.00 6,295,000.00
09/25/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 110.13 110.13 09/25/2025 Principal Paydown 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 28,680.45 28,680.45 09/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 6,556.40 6,556.40 09/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 147,796.66 147,796.66 09/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 62

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 09/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 09/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 09/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 09/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 09/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 09/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 09/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 09/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 09/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 09/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 09/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 09/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 09/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 09/26/2025 Coupon 40139LBJ1 3,050,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 63,729.75 63,729.75
09/30/2025 Coupon 91282CAM3 3,200,000.00 UNITED STATES TREASURY 0.25 09/30/2025 4,000.00 4,000.00 09/30/2025 Final Maturity 91282CAM3 3,200,000.00 UNITED STATES TREASURY 0.25 09/30/2025 3,200,000.00 3,200,000.00 09/30/2025 Coupon 91282CCZ2 3,130,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,693.75 13,693.75 09/30/2025 Coupon 91282CFM8 2,800,000.00 UNITED STATES TREASURY 4.125 09/30/2027 57,750.00 57,750.00 09/30/2025 Coupon 91282CJA0 5,800,000.00 UNITED STATES TREASURY 4.625 09/30/2028 134,125.00 134,125.00 09/30/2025 Coupon 91282CKG5 7,000,000.00 UNITED STATES TREASURY 4.125 03/31/2029 144,375.00 144,375.00 09/30/2025 Coupon 91282CLN9 8,500,000.00 UNITED STATES TREASURY 3.5 09/30/2029 148,750.00 148,750.00 September 2025
Total 9,805,031.26 1,654,528.62 11,459,559.88
OCTOBER 2025
10/06/2025 Coupon 89115A2Y7 2,330,000.00 TORONTO-DOMINION BANK 4.994 04/05/2029 58,180.10 58,180.10 10/14/2025 Coupon 58989V2H6 2,000,000.00 MET TOWER GLOBAL FUNDING 5.25 04/12/2029 52,500.00 52,500.00
10/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 10/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 10/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 63

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 10/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 10/15/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 149,874.01 149,874.01 10/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 10/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 10/15/2025 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 3,961.78 3,961.78 10/15/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 10/15/2025 Coupon 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 23.59 23.59 10/15/2025 Effective Maturity 47787JAC2 336,007.42 JDOT 2022 A3 0.36 09/15/2026 12,201.33 12,201.33 10/15/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 4,364.11 4,364.11 10/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 109,908.04 109,908.04 10/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 10/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 10/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 10/20/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 10/20/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 10/20/2025 Coupon 4581X0DV7 6,390,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 27,956.25 27,956.25
10/27/2025 Coupon 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 33.41 33.41 10/27/2025 Effective Maturity 05602RAD3 396,889.82 BMWOT 2022-A A3 3.21 08/25/2026 12,490.51 12,490.51 10/27/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 5,943.04 5,943.04 10/27/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 148,866.59 148,866.59 10/27/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 10/27/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 10/27/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 10/27/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,153.57 6,153.57 10/27/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 10/27/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 10/27/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 10/27/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 10/27/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 10/27/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 64

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/27/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 10/27/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 10/27/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 10/27/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 10/27/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 10/27/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 10/28/2025 Coupon 459058JL8 6,300,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 15,750.00 15,750.00
10/28/2025 Final Maturity 459058JL8 6,300,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 6,300,000.00 6,300,000.00
October 2025
Total 6,743,455.83 437,682.15 7,181,137.97
Grand Total 1,745,174,333.07 70,224,550.89 12,567,655.53 82,792,206.42 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/04/2024 04:51:41 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 65

IMPORTANT DISCLOSURES
City of Corona Cons Account | Account #10003 | As of November 30, 2024 Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ice Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

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

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.

Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

* Grouped by: Security Type. * Groups Sorted by: Security Type. * Weighted by: Market Value. * Holdings Displayed by: Position by Account.

Security Type Original Units Market Value Book Value % of Market Value Years to Final Maturity Days to Final Maturity Yield to MaturityABS 47,085,000.00 39,800,308.40 39,497,951.60 8.44% 3.31 1210 4.56Agency 48,195,000.00 47,167,912.41 48,137,813.50 10.00% 1.00 365 4.42Agency CMBS 54,755,000.00 52,493,540.74 51,956,460.46 11.13% 3.49 1274 4.45Cash 702,323.17 702,323.17 702,323.17 0.15% 0.00 0 0.00Corporate 114,203,000.00 112,864,925.49 113,038,932.46 23.93% 3.33 1217 4.56LAIF 26,242,026.35 26,242,026.35 26,242,026.35 5.56% 0.00 0 --- Money Market Fund 21,334,955.28 21,334,955.28 21,334,955.28 4.52% 0.00 0 4.29Municipal Bonds 4,395,000.00 4,430,731.35 4,418,161.65 0.94% 4.67 1705 4.30Supranational 12,690,000.00 12,180,394.10 12,633,094.65 2.58% 1.15 419 4.37US Treasury 156,245,000.00 154,374,079.37 155,395,957.86 32.73% 3.24 1184 4.17--- 485,847,304.80 471,591,196.66 473,357,676.99 100.00% 2.70 986 4.37 Corona Supplemental City of Corona ConsAgg (362432)As of 11/30/2024 Dated: 12/05/2024 1 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

MONTHLY ACCOUNT STATEMENT
City of Corona Pension Stabilization Trust | Account #10952 | As of November 30, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is . We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

Charles Schwab Inc.

Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 2

PORTFOLIO SUMMARY
Performance Review
Total Rate of Return 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (08/01/22)
Corona Pension Trust 5.49% 5.69% 18.49% 25.99% 15.19% -- -- -- 14.68% Benchmark Return* 2.47% 1.63% 11.98% 16.77% 11.98% -- -- -- 9.07% *Periods over 1 year are annualized.

Benchmark: 35% S&P 500 TR, 50% ICE Corp Gov & Mtg Index, 15% MSCI EAFE NR Secondary Benchmark:

Account Summary
Beg. Values as of
11/01/2024
End Values as of
11/30/2024
Market Value 49,148,365.16 51,845,836.59
Accrued Interest 0.00 0.00
Total Market Value 49,148,365.16 51,845,836.59
Income Earned 82,093.85 25,710.41
Cont/WD 0.00 0.00
Par 829,455.26 536,920.84
Book Value 39,972,067.26 39,997,834.24
Cost Value 39,972,067.26 39,997,834.24

TOP ISSUERS
iShares Trust - iShares Core S&P 500 32.68%
iShares Trust - iShares Core S&P Mid 17.29%
Vanguard Index Funds - Vanguard Smal 15.58%
Vanguard Bond Index Funds - Vanguard 13.15%
Vanguard Specialized Funds - Vanguar 8.20%
Vanguard Tax-Managed Funds - Vanguar 7.13%
Total 94.02%
Asset Allocation
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 3

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

CASH EQUIVALENTS
Max % (MV; Cash & Fixed Income) 30.0 15.3 Compliant
Min % (MV; Cash & Fixed Income) 10.0 15.3 Compliant

COMMODITIES
Max % (MV) 5.0 0.0 Compliant
Min % (MV) 0.0 0.0 Compliant

EQUITIES
Max % (MV) 80.0 74.7 Compliant
Min % (MV) 50.0 74.7 Compliant

FIXED INCOME
Max % (MV; Cash & Fixed Income) 30.0 15.3 Compliant
Min % (MV; Cash & Fixed Income) 10.0 15.3 Compliant
Min Rating (BBB- by 1) 0.0 0.0 Compliant
REITS
Max % (MV) 15.0 10.0 Compliant
Min % (MV) 0.0 10.0 Compliant
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 4

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Cash 80,235.84 --

0.00%
80,235.84
80,235.84

1.00 0.00%
80,235.84

0.00 0.15%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 80,235.84 0.00%
80,235.84
80,235.84

1.00 0.00%
80,235.84

0.00 0.15%

0.00 Aaa/AAA
AAA

0.00 0.00

EMERGING

MARKET EQUITY
922042858 VANGUARD EM ST I ETF 22,700.00 --

0.00%
895,329.44
895,329.44

45.57 0.00%
1,034,439.00

0.00 2.00%
139,109.56
NA/NA
NA 0.00
Total Emerging
Market Equity 22,700.00 0.00%
895,329.44
895,329.44

45.57 0.00%
1,034,439.00

0.00 2.00%
139,109.56
NA/NA
NA 0.00

INTERNATIONAL
EQUITY
921943858 VANGUARD DEV MKT ETF 73,510.00 --

0.00%
3,003,801.33
3,003,801.33

50.30 0.00%
3,697,553.00

0.00 7.13%
693,751.67
NA/NA
NA 0.00
Total International
Equity 73,510.00 0.00%
3,003,801.33
3,003,801.33

50.30 0.00%
3,697,553.00

0.00 7.13%
693,751.67
NA/NA
NA 0.00

INTERNATIONAL

REAL ESTATE
922042676 VANGUARD GXUS RE ETF 21,975.00 --

0.00%
910,782.06
910,782.06

43.41 0.00%
953,934.75

0.00 1.84%
43,152.69
NA/NA
NA 0.00
Total International
Real Estate 21,975.00 0.00%
910,782.06
910,782.06

43.41 0.00%
953,934.75

0.00 1.84%
43,152.69
NA/NA
NA 0.00

LARGE CAP US
EQUITY
464287200 ISHARES:CORE S&P 500 28,000.00 --

0.00%
11,285,226.17
11,285,226.17
605.07

0.00%
16,941,960.00

0.00 32.68%
5,656,733.83
NA/NA
NA 0.00
Total Large Cap US
Equity 28,000.00 0.00%
11,285,226.17
11,285,226.17
605.07

0.00%
16,941,960.00

0.00 32.68%
5,656,733.83
NA/NA
NA 0.00

MID CAP US
EQUITY
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 5

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
464287507 ISHARES:CORE S&P MD-CP 133,000.00 --

0.00%
6,472,932.34
6,472,932.34

67.40 0.00%
8,964,200.00

0.00 17.29%
2,491,267.66
NA/NA
NA 0.00
Total Mid Cap US
Equity 133,000.00 0.00%
6,472,932.34
6,472,932.34

67.40 0.00%
8,964,200.00

0.00 17.29%
2,491,267.66
NA/NA
NA 0.00

REAL ESTATE
922908553 VANGUARD RE IDX ETF 43,300.00 --

0.00%
3,760,971.72
3,760,971.72

98.16 0.00%
4,250,328.00

0.00 8.20%
489,356.28
NA/NA
NA 0.00
Total Real Estate 43,300.00 0.00%
3,760,971.72
3,760,971.72

98.16 0.00%
4,250,328.00

0.00 8.20%
489,356.28
NA/NA
NA 0.00

SMALL CAP US
EQUITY
922908751 VANGUARD S-C ID ETF 31,000.00 --

0.00%
5,865,003.48
5,865,003.48
260.51

0.00%
8,075,810.00

0.00 15.58%
2,210,806.52
NA/NA
NA 0.00
Total Small Cap US
Equity 31,000.00 0.00%
5,865,003.48
5,865,003.48
260.51

0.00%
8,075,810.00

0.00 15.58%
2,210,806.52
NA/NA
NA 0.00

US CORE BONDS
921937835 VANGUARD TOT BD ETF 92,600.00 --

0.00%
6,743,251.18
6,743,251.18

73.60 0.00%
6,815,360.00

0.00 13.15%
72,108.82
NA/NA
NA 0.00
Total US Core
Bonds 92,600.00 0.00%
6,743,251.18
6,743,251.18

73.60 0.00%
6,815,360.00

0.00 13.15%
72,108.82
NA/NA
NA 0.00

US HIGH YIELD
BONDS
78468R622 SPDR BBG HIGH YIELD BD 10,600.00 --

0.00%
980,300.68
980,300.68

97.36 0.00%
1,032,016.00

0.00 1.99%
51,715.32
NA/NA
NA 0.00
Total US High
Yield Bonds 10,600.00 0.00%
980,300.68
980,300.68

97.36 0.00%
1,032,016.00

0.00 1.99%
51,715.32
NA/NA
NA 0.00
Total Portfolio 536,920.84 0.00%
39,997,834.24
39,997,834.24
274.91

0.00%
51,845,836.59

0.00 100.00%
11,848,002.35
Aaa/AAA
AAA

0.00 0.00
Total Market
Value + Accrued 51,845,836.59
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 6

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 11/29/2024 921937835 3,000.00 VANGUARD TOT BD ETF 73.387 (220,161.90) 0.00 (220,161.90) 0.00 Purchase 11/29/2024 922042858 980.00 VANGUARD EM ST I ETF 45.370 (44,462.50) 0.00 (44,462.50) 0.00 Purchase 11/29/2024 78468R622 600.00 SPDR BBG HIGH YIELD BD 97.095 (58,257.00) 0.00 (58,257.00) 0.00 Total Purchase 4,580.00 (322,881.40) 0.00 (322,881.40) 0.00 TOTAL
ACQUISITIONS 4,580.00 (322,881.40) 0.00 (322,881.40) 0.00 OTHER
Equity Dividend 11/05/2024 921937835 0.00 VANGUARD TOT BD ETF 20,395.74 0.00 20,395.74 0.00 Equity Dividend 11/06/2024 78468R622 0.00 SPDR BBG HIGH YIELD BD 5,314.67 0.00 5,314.67 0.00 Total Equity
Dividend 0.00 25,710.41 0.00 25,710.41 0.00
Other Income 11/15/2024 CCYUSD 19.87 Cash 0.00% 19.87 0.00 19.87 0.00 Other Income 11/15/2024 CCYUSD 36.70 Cash 0.00% 36.70 0.00 36.70 0.00 Total Other
Income 56.57 56.57 0.00 56.57 0.00

TOTAL OTHER
TRANSACTIONS 56.57 25,766.98 0.00 25,766.98 0.00
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 7

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
CCYUSD Cash
80,235.84
377,350.26

0.00 0.00
80,235.84

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 80,235.84
377,350.26

0.00 0.00
80,235.84

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
EQUITY
464287200 ISHARES:CORE S&P 500
28,000.00
11,285,226.17

0.00 0.00
11,285,226.17

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 464287507 ISHARES:CORE S&P MD-CP
133,000.00
6,472,932.34

0.00 0.00
6,472,932.34

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 78468R622 SPDR BBG HIGH YIELD BD
10,600.00
922,043.68
58,257.00

0.00 980,300.68

0.00 5,314.67

0.00 5,314.67

0.00 0.00

0.00 5,314.67
5,314.67
921937835 VANGUARD TOT BD ETF
92,600.00
6,523,089.28
220,161.90

0.00 6,743,251.18

0.00 20,395.74

0.00 20,395.74

0.00 0.00

0.00 20,395.74
20,395.74
921943858 VANGUARD DEV MKT ETF
73,510.00
3,003,801.33

0.00 0.00
3,003,801.33

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922042676 VANGUARD GXUS RE ETF
21,975.00
910,782.06

0.00 0.00
910,782.06

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 8

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
922042858 VANGUARD EM ST I ETF
22,700.00
850,866.94
44,462.50

0.00 895,329.44

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922908553 VANGUARD RE IDX ETF
43,300.00
3,760,971.72

0.00 0.00
3,760,971.72

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922908751 VANGUARD S-C ID ETF
31,000.00
5,865,003.48

0.00 0.00
5,865,003.48

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Equity 456,685.00
39,594,717.00
322,881.40

0.00 39,917,598.40

0.00 25,710.41

0.00 25,710.41

0.00 0.00

0.00 25,710.41 25,710.41
TOTAL PORTFOLIO 536,920.84
39,972,067.26
322,881.40

0.00 39,997,834.24

0.00 25,710.41

0.00 25,710.41

0.00 0.00

0.00 25,710.41 25,710.41
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 9

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount DECEMBER 2024
12/04/2024 Equity Dividend 921937835 92,600.00 VANGUARD TOT BD ETF 20,643.13 20,643.13 12/05/2024 Equity Dividend 78468R622 10,600.00 SPDR BBG HIGH YIELD BD 5,558.70 5,558.70 December 2024
Total 26,201.83 26,201.83
Grand Total 103,200.00 26,201.83 26,201.83
Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

IMPORTANT DISCLOSURES
City of Corona Pension Stabilization Trust | Account #10952 | As of November 30, 2024 Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ice Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

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

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.

Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

Execution Time: 12/03/2024 11:17:55 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 11

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
35% S&P 500 TR, 50% ICE Corp Gov &
Mtg Index, 15% MSCI EAFE TR
The S&P 500 is a market value weighted index of 500 large-capitalization stocks. The 500 companies included in the index capture approximately 80% of available US market capitalization.

The MSCI EAFE International Equity Index is a market capitalization weighted index that captures international equity performance of large- and mid-cap stocks in the developed stock markets of Europe, Australasia, and the Far East.

The ICE BofA US Corporate, Government & Mortgage Index tracks the performance of US dollar denominated investment grade debt publicly issued in the US domestic market, including US Treasuries, quasi-governments, corporates, covered bonds and residential mortgage pass-throughs. Non-residential mortgage collateralized debt such as commercial mortgage backed securities and asset backed securities are excluded from this index, as are all collateralized mortgage obligations. Most qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). They must also have at least one year remaining term to final maturity, at least 18 months to final maturity at point of issuance and a fixed coupon schedule. Amounts outstanding for qualifying US Treasuries must be at least $1 billion; US agencies, foreign governments, supranationals, corporates and covered bonds must have at least $250 million outstanding. Qualifying residential mortgage pass-through securities include fixed rate securities publicly issued by US agencies. 30-year, 20-year and 15-year fixed rate mortgage pools must have at least one year remaining term to final maturity and a minimum amount outstanding of at least $5 billion per generic coupon and $250 million per production year within each generic coupon.

Docusign Envelope ID: 2070D58D-734D-4D19-B853-D03E84ECF71B

M E M O R A N D U M
February 5, 2025
TO: City Clerk
FROM: Kim Sitton
Finance Director

SUBJECT: Monthly Fiscal Report, November 2024
Pursuant to CMC Section 2.28.010 (D) the attached report provides an accounting of all receipts, disbursements, and fund balances for the month of November 2024, subject to final audit.

Prepared By: Reviewed By:
_______________________________ _______________________________ Financial Analyst Accounting Manager

Respectfully submitted:
_______________________________ _______________________________ Finance Director Assistant City Manager

_______________________________
City Treasurer
Attachment
Docusign Envelope ID: BEDCE180-6EC0-4D0A-A308-5DE1AC8A83F0

BEGINNING ENDING

DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 3,377,888.03 $ 39,769,421.53 $ 38,969,641.45 $ 4,177,668.11 Deposits in Transit 1,002,250.91 926,089.61 1,002,250.91 926,089.61 Outstanding Checks (1,734,739.97) 1,734,739.97 1,987,499.09 (1,987,499.09) Fiscal Agents 53,751,080.15 5,546,978.04 10,701,059.86 48,596,998.33 Developer Escrow Accounts 1,736,590.18 1,736,590.18
Investments
Chandler Investment- City Account 445,834,534.32 1,937,675.25 656,558.93 447,115,650.64 Chandler Investment -Pension Trust Fund 39,972,067.26 25,766.98 39,997,834.24 LAIF 23,042,026.35 16,400,000.00 13,200,000.00 26,242,026.35 Investments Subtotal 508,848,627.93 18,363,442.23 13,856,558.93 513,355,511.23 Change Fund 10,248.00 10,248.00
Returned Checks (2,093.01) 30,253.40 27,235.72 924.67
Credit Card Reconciling Items- Fees (2,565.45) 2,565.45 2,314.59 (2,314.59) TOTAL $ 566,987,286.77 $ 66,373,490.23 $ 66,546,560.55 $ 566,814,216.45 * For informational purpose only

CITY OF CORONA
Receipts and Disbursements*
November 30, 2024
Docusign Envelope ID: BEDCE180-6EC0-4D0A-A308-5DE1AC8A83F0

ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED

ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 26,242,026.35 $ 26,242,026.35
Chandler Investment- City Account $ 447,115,650.64 $ 447,115,650.64 Chandler Investment -Pension Trust Fund $ 39,997,834.24 $ 39,997,834.24 Investment Total 513,355,511.23 513,355,511.23
General Account - Bank of America 4,063,150.44 423,847.86 (1,870,739.67) (1,389.92) 2,614,868.71 Worker's Comp Account - Bank of America 114,517.67 502,241.75 (116,759.42) 500,000.00 Fiscal Agent Accounts 48,596,998.33 48,596,998.33
Escrow Account 1,736,590.18 1,736,590.18
Cashiers Change 10,248.00 10,248.00

BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 567,877,015.85 $ 926,089.61 $ (1,987,499.09) $ (1,389.92) $ 566,814,216.45 Subject to final audit

CITY OF CORONA
Cash and Investment Status Report
November 30, 2024
Docusign Envelope ID: BEDCE180-6EC0-4D0A-A308-5DE1AC8A83F0

General Fund $ 209,402,860.65
Special Revenue Funds
Gas Tax 13,083,321.78
Measure A 14,824,260.30
Trip Reduction 2,017,571.29
Asset Forfeiture 387,996.53
Development 34,304,268.96
Residential Refuse/Recycling (925,127.77)
Landscape and Streetlight Maintenance 26,068,325.25
Other Grants and Endowments 109,595,263.26 19,834,646.92 Debt Service Funds
Public Financing Authority 5,281.07 5,281.07
Capital Project Funds
Housing/Community Development (620,610.75)
Planned Local Drainage 803,069.26
Other Grants (4,824,241.12)
Public Facility Project (3,875,769.61)
Corona Housing Authority 29,944,859.35 21,427,307.13
Enterprise Funds
Water Utility 41,856,127.96
Water Reclamation Utility 63,952,360.71
Transit 939,764.63
Electric Utility 27,645,535.99
Airport 136,486,182.30 2,092,393.01
Internal Service Funds
Fleet Operations 1,628,649.57
Workers' Compensation 22,615,809.84
Liability Risk 590,595.27
Warehouse Services 1,218,933.12
Information Technology 10,218,783.56 36,272,771.36
Fiduciary Funds
AD & CFD Bond Funds 48,934,242.22
AB109 PACT -
Successor Agency 4,690,308.46 53,624,550.68
Total All Funds $ 566,814,216.45
Subject to final audit

CITY OF CORONA
Cash Balance By Fund
November 30, 2024
Docusign Envelope ID: BEDCE180-6EC0-4D0A-A308-5DE1AC8A83F0

MARKET BOOK PERCENT OF

INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 47,085,000.00 39,800,308.40 39,497,951.60 7.69%
Agency 48,195,000.00 47,167,912.41 48,137,813.50 9.38%
CMO 54,755,000.00 52,493,540.74 51,956,460.46 10.12%
Pension Trust 536,920.84 51,845,836.59 39,997,834.24 7.79% Receivable 702,323.17 702,323.17 702,323.17 0.14%
Corporate 114,203,000.00 112,864,925.49 113,038,932.46 22.02% LAIF 26,242,026.35 26,242,026.35 26,242,026.35 5.11%
Money Market Fund FI 21,334,955.28 21,334,955.28 21,334,955.29 4.16% Municipal Bonds 4,395,000.00 4,430,731.35 4,418,161.65 0.86% Supranational 12,690,000.00 12,180,394.10 12,633,094.65 2.46% US Treasury 156,245,000.00 154,374,079.37 155,395,957.86 30.27% TOTAL PORTFOLIO $ 486,384,225.64 523,437,033.25 $ 100.00% 513,355,511.23 Subject to final audit

CITY OF CORONA
Investment Portfolio Report
November 30, 2024
Docusign Envelope ID: BEDCE180-6EC0-4D0A-A308-5DE1AC8A83F0

DATE: 02/05/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-33

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

QUARTERLY SALES TAX REPORT – 2024, QUARTER 3 (JULY – SEPTEMBER) EXECUTIVE SUMMARY:

The City of Corona contracts with HdL Companies to provide sales tax consulting services, including quarterly data reports. The sales tax report for the third quarter of 2024 is provided to the City Council as a receive and file item.

RECOMMENDED ACTION:

That the City Council receive and file the quarterly sales tax information from HdL Companies for Quarter 3 2024 (July – September).

BACKGROUND & HISTORY:

HdL Companies is contracted to provide sales tax consulting services for the City. They review and analyze the City’s sales tax activity quarterly. Their resources provide them with information to understand sales tax trends and how the City performs compared to agencies near Corona, agencies in Riverside County, Southern California, and the State.

There is a one-quarter lag in when the information is available to HdL Companies for their review and analysis.

ANALYSIS:

Below are the Quarter 3 2024 (July – September) sales tax highlights. The attached newsletter and consensus forecast documents provide additional details.

Quarter 3 2024 (July – September)
Corona’s Bradley-Burns sales tax receipts from July through September 2024 were 1.5% lower than the same period in 2023. Excluding reporting anomalies, actual sales decreased by 1.2%
Lower crude oil prices this year, compared to last year’s high levels driven by OPEC production cuts and geopolitical conflicts, negatively impacted tax receipts for fuel service stations, including discount department stores that sell fuel. Automobile sales struggled due to high prices, elevated financing rates, and limited credit availability, which strained consumers’ budgets. The sale of building materials also declined as the real estate market remained stagnant. However, a local plumbing/electric supply distributor posted a strong quarter, and the sale of contractor supplies advanced modestly. A large machinery purchase also boosted heavy industrial returns.

Measure X, the voter-approved district tax, performed similarly overall to the BradleyBurns results previously discussed. Net of anomalies, Riverside County's taxable sales decreased by 3.2% during this period, and the Southern California region also saw a 2.3% decline.

FINANCIAL IMPACT:

There is no financial impact associated with the recommended action.

ENVIRONMENTAL ANALYSIS:

This action is exempt pursuant to Section 15061(b)(3) of the Guidelines for the California Environmental Quality Act (CEQA), which states that a project is exempt from CEQA if the activity is covered by the common sense exemption that CEQA applies only to projects that have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. This action is to receive and file a quarterly sales tax report, and there is no possibility that approval of the recommended actions will have a significant effect on the environment.

Therefore, no environmental analysis is required
PREPARED BY: KIM SITTON, FINANCE DIRECTOR
REVIEWED BY: BRETT CHANNING, ASSISTANT CITY MANAGER
ATTACHMENTS:

1. Exhibit 1 – 2024-Q3 Sales Tax Update Newsletter

2. Exhibit 2 – HdL California Consensus Forecast Dec 2024

www.hdlcompanies.com | 888.861.0220
Q3 2023*
Q3 2024*
Legend
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
SALES TAX BY MAJOR BUSINESS GROUP *Allocation aberrations have been adjusted to reflect sales activity Building
and
Construction
Business
and
Industry
County
and State
Pools
General
Consumer
Goods
Autos
and
Transportation
Restaurants
and
Hotels
Fuel and
Service
Stations
Food
and
Drugs
CITY OF CORONA HIGHLIGHTS TOP 25 PRODUCERS
Published by HdL Companies in Winter 2025
Agile Sourcing Partners
All American Asphalt
Amazon Com Services
Amazon MFA
American Electric
Supply
CardinaleWay Hyundai
Corona Nissan
Costco
Culver Newlin
Downs Energy
Duralum Products
Ganahl Lumber
Company
Guest Supply
Home Depot
Larry H Miller Toyota
Corona
Robertsons Ready Mix
Sams Club w/ Fuel
South Coast Fire
Equipment
Spreen Honda Corona
Stater Bros
Target
Vulcan Materials
Walmart Supercenter
West Coast Copper
Supply

SALES TAX UPDATE

CITY OF CORONA
3Q 2024 (JULY - SEPTEMBER)
Corona’s Bradley-Burns sales tax receipts
from July through September were 1.5%
less than the same period in 2023.

Excluding reporting anomalies, actual
sales decreased by 1.2%.

Lower prices for crude oil this year,
compared to last year’s high levels driven
by OPEC production cuts and geopolitical
conflicts, negatively impacted tax
receipts for discount department stores
that sell fuel, as well as local fuel-service
stations.

Automobile sales continued to struggle
due to high prices, elevated financing
rates, and limited credit availability, which
strained consumers’ budgets. The sale of
building materials also declined as the
real estate market remained stagnant.

However, a local plumbing/electric supply
distributor posted a strong quarter, and
the sale of contractor supplies advanced
modestly. A large machinery purchase
also boosted heavy industrial returns.

Voter-approved district tax, Measure
X, performed similarly overall to the
Bradley-Burns results previously
discussed.

Net of anomalies, taxable sales for all
of Riverside County declined by 3.2%
over the comparable time period, while
the Southern California region saw a
decrease of 2.3%.

TOTAL:
-1.8%
$10,642,880
Measure X
TOTAL: $ 15,387,230
-1.2% -3.2% -2.3%

COUNTY STATE
CORONA
3Q2024

TOP NON-CONFIDENTIAL BUSINESS TYPES
Q3 '24*
Corona
Business Type Change Change Change
County HdL State
Contractors 2,778.4 2.9% -9.9% -1.9%
Fulfillment Centers 1,258.4 18.0% -1.0% 5.6%
Discount Dept Stores 959.0 -6.0% -4.5% -4.3%
New Motor Vehicle Dealers 791.8 -2.7% -6.5% -8.0%
Building Materials 745.1 -7.9% -7.8% -4.2%
Service Stations 626.6 -16.2% -12.9% -12.8%
Plumbing/Electrical Supplies 589.5 12.3% -4.6% -3.2%
Heavy Industrial 578.8 22.1% -1.3% -0.4%
Casual Dining 527.8 0.5% 0.5% 1.1%
Quick-Service Restaurants 487.5 2.6% 4.1% 1.1%
*Allocation aberrations have been adjusted to reflect sales activity *In thousands of dollars $0
$2,000
$4,000
$6,000
$8,000
Corona
Q3
21 Q3
24 Q3
22 Q3
23 County California
SALES PER CAPITA*
*ADJUSTED FOR

ECONOMIC DATA
3Q 2024 CITY OF CORONA SALES TAX UPDATE

STATEWIDE RESULTS
California’s local one cent sales and use tax
receipts during the months of July through
September were 2.3% lower than the
same quarter one year ago after adjusting
for accounting anomalies. The calendar
year third quarter traditionally is noted for
pleasant weather and statewide tourism;
however, taxes fell when compared to a
year ago. As such, it also means a weak
start of the 2024-25 fiscal year for many
California agencies.

Once again, autos-transportation receipts
took a hit and declined 4.8%. This period
marks the seventh consecutive quarter of
downturn for the sector. While used autos
returns and leasing activity have improved,
revenues from new car sales struggled due
to sustained high interest rates, tightened
credit standards, and increased cost of
auto insurance. As such, inventories for
many dealers remain elevated, applying
downward pressure on prices and growth
into 2025.

The summer season is usually an
advantageous time for home repairs and
construction work, however, this industry
is also struggling with high consumer
interest rates and limited access to equity
for homeowners. New projects remain
sidelined as developers await more
favorable investment conditions.

Brick-and-mortar general consumer
retailers pulled back 3.8% - worsened by
lower gas prices. Consumers appear more
interested in lower priced/discounted items
vs higher priced/luxury goods, forcing
merchants to again consider inventory
needs. Additionally, competition from
online merchants is as fierce as ever, as
shoppers look for greater value. With
holiday shopping around the corner, local
store expectations remain soft.

Fuel generating taxpayers had a rough
quarter; a combination of consumption
declines and falling fuel prices thrust
comparisons down by 13%. Further
contraction of national drug store locations
coupled with the steady fall from cannabis
merchants dating back to 2021, caused a
decrease of 2.8% in the food-drugs category.

Expect similar percentage declines for the
upcoming end of 2024 quarter.

Although statewide tourism appears to
have improved over 2023, revenue from
restaurants experienced only a modest gain
of 0.7%, which included a dramatic drop
from fine dining establishments – consistent
with spending trends in other sectors. State
mandated minimum wage requirements
remained a challenge, with higher menu
prices reducing patron visits.

These sluggish results solidify 2024 as a
down year. Recent reductions to the Fed
Funds Rate aren’t considered to help until
later in 2025. Agencies should expect
fiscal year 2024-25 sales taxes to stay flat
or decline slightly as sluggish economic
conditions leave consumers cautious in their
spending patterns, especially for big ticket
items and discretionary products.

888.861.0220 | [email protected] | hdlcompanies.com

CALIFORNIA FORECAST

SALES TAX TRENDS & ECONOMIC DRIVERS
DECEMBER 2024
Mt. Baldy, San Bernardino County

STATEWIDE

SALES TAX TRENDS
2024/25 | 2025/26 2024/25 | 2025/26
Overview: Sluggish third quarter 2024 tax filings and mixed short-term performance coming from the eight groups noted below combine to reduce sales taxes expectations for fiscal year 2024-25. This negative outlook reflects a second year of statewide revenue declines. Contributing factors in this uncertain economy include higher business operating costs and to what extent Federal Funds interest rates may decline further into 2025. Looking ahead, election results have introduced additional economic uncertainty. Nationally, consumer confidence and sentiment recently soared but future policy decisions could exert upward pressure on prices, resulting in fewer sales transactions.

Fuel/Service Stations -8.3% | 3.7%
The 13% decline in July to September payments revealed a drop in consumption, down 10% over the year ago quarter, as well as reductions in per gallon fuel rates paid by buyers. This sector again is expected to endure significant downward pressure on regular, diesel, and oil barrel prices compared to a year ago. As a result, the overall forecast in fiscal year 2024-25 is lower. Recent legislation and regulations imposed on suppliers of fuel in California are likely to have an upward pressure on fuel prices, which will offset the overall reduction in sales tax toward the second half of 2025. As a result, anticipate a slow recovery beginning in fiscal year 2025-26.

General Consumer Goods -1.9% | 1.4%
Numerous classifications remained depressed throughout the third quarter, contracting more than anticipated as the group absorbed some of the impact caused by lower gas prices. Despite cost reductions of some core goods, consumers battled stubborn inflation in non-taxable areas, forcing more attention on balancing needs versus wants. Brick-and-mortar storefronts remain in competition with the convenience of and investment in online shopping which has added negative headwinds for overall direct tax allocations across this segment. The outlook is cloudy with expectations for lower receipts throughout fiscal year 2024-25 and a return to mild growth in the following year driven by a bump in the overall costs of goods.

Restaurants/Hotels 1.2% | 3.7%
The restaurant industry is experiencing moderate growth, substantiated by a 1% increase in the recent quarter. However, higher labor and food costs persist as significant challenges, leading to menu prices increasing about 7% on average over the last year. This trend is causing budget-conscious diners to reduce their restaurant visits. Both fine dining and leisure-entertainment categories saw declines in 3rd quarter returns with price sensitivity remaining a big factor. While recent hotel stays have slowed, the outlook for room rates and occupancy in the coming year is positive.

State and County Pools 3.0% | 3.5%
Large audit corrections tied to county pools over allocations in prior years hurt cash payments in the third quarter of 2024, while economic basis gains of 3% were right in line with estimates for this period. Retail ecommerce holiday season sales growth rose once again, doubling the increase seen at physical retail locations.

Perceptive companies looking to enhance sales are making future investments in warehouse automation, artificial intelligence tools, and augmented reality; all with an eye toward directing shoppers to spend more purchasing time on devices to satisfy spending needs. The forecast captures steady year over year improvement, overcoming the (-0.5%) decline that occurred fiscal year 2023-24.

Autos/Transportation -0.9% | 3.5%
Affordability concerns have weighed on car sales, but a gradual easing of new vehicle prices, declining interest rates, and a strong labor market are expected to support demand over time. With the average age of vehicles on the road now at a record 12.6 years, significant pent-up demand has positioned the market for recovery. Short-term factors, such as the threat of potential tariffs and year-end incentives to clear excess inventory, could provide a temporary boost. The recovery is likely to be gradual, however, as structural challenges including high insurance costs, limited affordable models, and added complexity posed by the transition to electrification will continue to act as headwinds to the market.

Building/Construction -1.8% | 2.6%
This quarter’s results repeated much of what happened last quarter.

Sales at big box home improvement centers extended their slide while lumber and roofing supply sales held steady in the northern and southern ends of the state. Retailers providing rooftop solar materials and installation have yet to find the bottom of that market as sales receded yet again. Asphalt and cement batch plants reported a stable sales volume overall, but any progress came from outside the Central Valley. Optimism for future construction-related gains has been dampened by the Fed’s cautious and minimal adjustments to interest rates so far, while the specter of higher tariffs and uncertainty over the future of the home loan industry leave many unanswered questions.

Business/Industry 0.0% | 1.8%
Ecommerce continues to rule as consumers embrace the convenience of shopping online. Related sales jumped and CA-based fulfillment centers filled more “local” orders, contributing 27% of all B&I revenues. While business-to-business edged a little higher, most other categories remained relatively flat or declined as economic variables such as high interest rates stunted growth. The industrial and information technology sectors broke even compared to last year. Medical/-biotech, office supplies/furniture, and garden/ agricultural supplies all declined. Solar/energy projects across the State slowed as well. Given the diversity of this group, the outlook is modest. With twenty-one unique tax segments, predictions vary widely based on the size and character of local businesses.

Food/Drugs -1.8% | 0.4%
Grocery stores’ profits grew 1.4% as more customers ate at home because of elevated restaurant menu prices, especially for lowerincome patrons. Convenience/liquor markets see shrinkages as consumers pivot and buy more snack foods and alcohol at big box merchants. Cannabis retailers’ gross receipts tumbled for the fourth consecutive quarter; yielding an (-11.6%) return over this period.

Additionally, national brands’ recent announcements accelerating outlet closures could provoke drugstore graveyards while product inventory is scarce in some local communities. As such, until the drugstore category is transformed, anticipate this group to finish lower at the end of June and fiscal year 2025-26 to stay relatively flat.

TOTAL -0.8% | 2.6%
2024/25 | 2025/26
HdL Companies California Forecast
December 2024 Page 110 of 4376
Proposition 172
Total fiscal year 2023-24 Proposition 172 (P-172) statewide revenues ended about 1% lower than the prior year. The December projection anticipates a similar result for the 2024-25 fiscal period with a projected 1.1% decrease. Fiscal year 2025-26 reflects anticipated growth of 2.7%. Current county projections include updated pro-rata factors published by the SCO in September 2024. As the calendar year Bradley-Burns results fluctuate due to taxpayer modifications, statewide audits, economic impacts, etc. – Proposition 172 pro-rata factors and resultant P-172 revenues will vary for many counties.

NATIONAL AND STATEWIDE

ECONOMIC DRIVERS
U.S. Real GDP Growth 2.6% | 2.5%
As 2024 comes to an end, the U.S. economy continues to exceed expectations. Real GDP growth has averaged 3% over the past nine quarters, and preliminary data for the final quarter of 2024 suggests this momentum remains intact. Beacon Economics expects real GDP growth to continue, driven by the strength of U.S. household finances, which in turn is characterized by falling debt-to-income ratios, a decent savings rate, record high net worth, and rising real incomes. Consumer spending accounts for nearly 70% of U.S. economic output, meaning when consumers are doing well, the broader economy tends to follow suit.

CA Unemployment Rate 5.3% | 5.1%
While the U.S. unemployment rate held steady at 4.1% in October, California’s labor market is showing clear signs of strain. The state’s unemployment rate ticked up from 5.3% in September to 5.4% in October 2024—0.3 percentage points higher than October 2023 and a full percentage point above pre-pandemic levels. In contrast, the national unemployment rate is just 0.5 percentage points above pre-pandemic levels, and without California, the national unemployment rate drops to 3.98%. California’s increased unemployment rate is not driven by more people entering the labor force, as the state’s labor force participation rate has shrunk by nearly one percentage point since February 2020. In September, California had nearly two unemployed individuals for every job opening; a ratio of 1.9. The U.S. ratio remains significantly lower at 0.9, indicating that California’s challenges may stem as much from a shortage of job openings as from a constrained labor force.

CA Total Nonfarm
Employment Growth 1.2% | 1.0%
Total nonfarm employment in California fell to approximately 18.1 million on a seasonally adjusted basis in October, a decline of 5,500 positions. These losses were largely concentrated in the public sector, while the private sector added 2,000 jobs. The state has faced three months of job declines this year, with the first drop in service-sector employment occurring last month. Meanwhile, California’s household and payroll surveys continue to diverge: Payroll employment has risen 1.8% over the past two years, while household employment has remained nearly flat. A downward correction in payroll numbers may be on the horizon in March, when the annual revision takes place.

U.S. Unemployment Rate 4.3% | 4.1%
The nation’s unemployment rate continues to hover around historically low levels, despite rising slightly to 4.2% in November 2024. This rate represents an improvement over July 2024 and solid wage growth continues to underscore the U.S. economy’s strong performance. In October 2024, there were approximately 1.1 job openings for every unemployed person in the nation, indicating a tight labor market despite a decline from 1.44 job openings per person a year earlier. The U.S. job openings rate was 4.6% in October 2024, down from its peak in March 2022, but still at a historically elevated level, a sign of a persistently tight labor market.

CA Residential
Building Permits 98,521 | 102,959
Residential permits in California have declined in eight of the last twelve quarters YoY, including a nearly 13% drop in Q3 2024. High interest rates and borrowing costs, which have strained the housing market for two years, continue to hinder progress. The current pace of permitting remains far below what is needed to close the state’s substantial housing supply gap. Although recent Federal Reserve rate cuts have lowered short-term borrowing costs and offered relief to developers, the number of permits being issued remains far lower than demand. With further rate cuts expected, modest growth in permits is likely, but without accelerated issuance and more aggressive efforts to increase supply, California’s housing shortfall will persist, leaving homeownership out of reach for many residents.

CA Median Existing
Home Price $719,877 | $728,425
After several quarters of sluggish activity, California’s housing market is beginning to show signs of recovery despite ongoing affordability challenges. Single-family home sales rose nearly 11% year-over-year in November 2024, with the median price up nearly 6%. A drop in mortgage rates to 6.43% has encouraged hesitant sellers to return to the market, but high prices and limited supply keep affordability out of reach for many. Flattening mortgage rates are anticipated in 2025, which will likely spur additional demand and provide stability in the market. With the combined effects of stable mortgage rates and increased market activity, home prices are expected to continue rising, particularly in the latter half of the year, as demand intensifies, and inventory remains tight. 2024/25 | 2025/26 2024/25 | 2025/26
HdL Companies California Forecast
December 2024
Watch our webinar
for more info!

Beacon Economics LLC
310.571.3399 | BeaconEcon.com
Beacon Economics has proven to be one of the most thorough and accurate economic research/analytical forecasting firms in the country. Their evaluation of the key drivers impacting local economies and tax revenues provides additional perspective to HdL’s quarterly consensus updates. The collaboration and sharing of information between Beacon and HdL helps both companies enhance the accuracy of the work that they perform for their respective clients.

HdL Companies
888.861.0220 | [email protected] | hdlcompanies.com California’s allocation data trails actual sales activity by three to six months. HdL compensates for the lack of current information by reviewing the latest reports, statistics and perspectives from fifty or more economists, analysts and trade associations to reach a consensus on probable trends for coming quarters. The forecast is used to help project revenues based on statewide formulas and for reference in tailoring sales tax estimates appropriate to each client’s specific demographics, tax base and regional trends.

Delivering Insight, Revenue, and Efficiency
to Local Government

DATE: 02/05/2025
TO: Honorable Mayor and City Council Members
FROM: Fire Department
2025-36

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

RESOLUTION ACKNOWLEDGING THE INSPECTION OF CERTAIN OCCUPANCIES

REQUIRED TO PERFORM ANNUAL INSPECTIONS IN SUCH OCCUPANCIES PURSUANT TO SECTIONS 13146.2 AND 13146.3 OF THE CALIFORNIA HEALTH AND SAFETY CODE.

EXECUTIVE SUMMARY:

This staff report asks Council to adopt Resolution No. 2025-010, acknowledging the City’s compliance measures with California Health and Safety Code (HSC) Sections 13146.2 and 13146.3. Fire Prevention, a division within Corona’s Fire Department, annually prepares compliance measures per California HSC. The compliance numbers show completed educational and residential occupancy inspections conducted in 2024. This report will update the City Council on the City’s progress on these efforts and attest to the City’s compliance with these inspection requirements for the Calendar Year 2024 reporting period.

RECOMMENDED ACTION:

That the City Council adopt Resolution No. 2025-010, acknowledging the inspection of certain occupancies required to perform annual inspections in such occupancies pursuant to sections 13146.2 and 13146.3 of the California Health and Safety Code BACKGROUND & HISTORY:

On September 27, 2018, Senate Bill No. 1205 was approved by the Governor, requiring fire departments to report annually to their Council on the department’s compliance regarding fire inspections. Included in the inspections are public and private schools used for educational purposes through the 12th grade (“E”/Educational occupancies) and hotels, motels, lodging houses, and apartment houses (“R”/Residential occupancies) except one-and-two family dwellings (“R-3”/Residential occupancies).

Per the California HSC Section 13146.2 and 13146.3, both “E” and “R” occupancies require annual inspections. Inspections have been a requirement since 1965 for “E” occupancies and 1984 for “R” occupancies. Reporting compliance to Council has been required since 2018.

Historically, Corona fire prevention staff completed all “E” occupancy inspections and have complied with HSC requirements. The Corona engine companies were responsible for completing “R” occupancy inspections. In August of 2017, Council adopted Resolution No. 2017-097, which created a fee structure for these inspections to fund staff positions and shifted the inspection responsibility from engine company staff to fire prevention staff.

This created the Corona Fire Department Residential Housing Inspection Program. The program was staffed and fully trained in September 2018 and both full-time and part-time fire prevention staff conduct all Group “E” and “R” occupancy inspections.

ANALYSIS:

Educational Group “E” occupancies are generally those public and private schools used by more than six persons at any one time for educational purposes through the 12th grade. There are 72 Group “E” buildings, structures and/or facilities within the City, representing approximately 35,000 students. . For 2024, all 72 of the “E” occupancies were inspected.

Residential Group “R” occupancies are generally those occupancies containing sleeping units. They include hotels, motels, apartments with three or more units, and other residential occupancies, including a number of residential care facilities. The residential care facilities have a number of different sub-classifications. These may house residents or clients with various needs including those related to custodial care, mobility impairments, and cognitive disabilities. The residents may also be non-ambulatory or bedridden. The City has 260 Group “R” complexes and/or facilities, representing just over 12,000 units. For 2024, all 260 of the “R” occupancies were inspected.

As required by HSC, the Corona Fire Department completed 100% of the educational Group “E” occupancy inspections and 100% of the residential Group “R” occupancy inspections.

This program will continue to be evaluated for its effectiveness and staffing to ensure that Health and Safety Code requirements are being met and may require additional staffing.

FINANCIAL IMPACT:

Currently, all costs associated with this action are being paid for by the property owner.

ENVIRONMENTAL ANALYSIS:

This action is exempt pursuant to Section 15061(b)(3) of the guidelines for the California Environmental Quality Act (CEQA), which states that a project is exempt from CEQA if the activity is covered by the common sense exemption that CEQA applies only to projects that have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the action is not subject to CEQA. This action is to meet the reporting requirements of Senate Bill No. 1205. Fire departments are required to report annually to their Council regarding fire inspections on “E” and “R” occupancies. Therefore, no environmental analysis is required.

PREPARED BY: CINDI SCHMITZ, FIRE MARSHAL
REVIEWED BY: BRIAN YOUNG, FIRE CHIEF
ATTACHMENTS:

1. Exhibit 1 – Resolution No. 2025-010

1 RESOLUTION NO. 2025-010

A RESOLUTION OF THE OF CITY COUNCIL OF THE

CITY OF CORONA, CALIFORNIA ACKNOWLEDGING

RECEIPT OF A REPORT MADE BY THE FIRE CHIEF OF

THE CORONA FIRE DEPARTMENT REGARDING THE

INSPECTION OF CERTAIN OCCUPANCIES REQUIRED

TO PERFORM ANNUAL INSPECTIONS IN SUCH
OCCUPANCIES PURSUANT TO SECTIONS 13146.2 AND
13146.3 OF THE CALIFORNIA HEALTH AND SAFETY
CODE.

WHEREAS, California Health & Safety Code Section 13146.4 was added in 2018 and approved on September 27, 2018; and
WHEREAS, California Health & Safety Code Sections 13146.2 and 13146.3 requires all fire departments, including the Corona Fire Department, that provide fire protection services to perform annual inspections in every building used as a public or private school, hotel, motel, lodging house, apartment house, and certain residential care facilities for compliance with building standards, as provided; and
WHEREAS, California Health & Safety Code Section 13146.2 requires all fire departments, including the Corona Fire Department, that provide fire protection services to report annually to its administering authority on its compliance with Sections 13146.2 and 13146.3; and WHEREAS, the City Council of the City of Corona intends this Resolution to fulfill the requirements of the California Health & Safety Code regarding the acknowledgment of the Corona Fire Department’s compliance with California Health & Safety Code Sections 13146.2 and 13146.3.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Corona, California, that said Council expressly acknowledges the measure of compliance of the Corona Fire Department with California Health & Safety Code Sections 13146.2 and 13146.3 in the area encompassed by the City of Corona, as follows:

SECTION 1. Educational Group E occupancies are generally those public and private schools used by more than six persons at any one time for educational purposes through the 12th grade. Within the City of Corona, there are 72 Group E buildings, structures and/or facilities. During the calendar year 2024, the Corona Fire Department completed the annual inspection of 72 of the 72 Group E occupancies. This is a compliance rate of 100 % for this reporting period. Additional items of note regarding this compliance rate can be found in the accompanying staff report for this Resolution.

SECTION 2. Residential Group R occupancies are generally those occupancies

2 containing sleeping units and include hotels, motels, apartments (three units or more) and other residential occupancies (including a number of residential care facilities). These residential care facilities have a number of different sub-classifications, and they may contain residents or clients that have a range of needs, including those related to custodial care, mobility impairments and cognitive disabilities. The residents may also be non-ambulatory or bedridden. Within the City of Corona, there are 260 Group R complexes and/or facilities. During the calendar year 2024, the Corona Fire Department completed the annual inspection of 260 Group R occupancies. This is a compliance rate of 100% for this reporting period. Additional items of note regarding this compliance rate can be found in the accompanying staff report for this Resolution.

PASSED, APPROVED AND ADOPTED this 5th day of February, 2025.

Mayor of the City of Corona, California
ATTEST:

City Clerk of the City of Corona, California

CERTIFICATION

2 I, Sylvia Edwards, City Clerk of the City of Corona, California, do hereby certify that the foregoing Resolution was regularly passed and adopted by the City Council of the City of Corona, California, at an adjourned meeting thereof held on the 5th day of February 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Corona this 5th day of February, 2025.

City Clerk of the City of Corona, California

DATE: 02/05/2025
TO: Honorable Mayor and City Council Members
Honorable President and Board Members
FROM: Utilities Department
2025-46

REQUEST FOR CITY COUNCIL AND

CORONA UTILITY AUTHORITY ACTION
SUBJECT:

MAINTENANCE AND GENERAL SERVICES AGREEMENT WITH ESTATE DESIGN AND CONSTRUCTION, INC. FOR THE LESTER WATER TREATMENT PLANT

GRAVITY THICKENER REHABILITATION PROJECT
EXECUTIVE SUMMARY:

This staff report asks City Council to approve a Maintenance/General Services Agreement with Estate Design and Construction, Inc. for the Lester Water Treatment Plant Gravity Thickener Rehabilitation Project. The project will address corrosion within the steel components of the gravity thickeners to mitigate further deterioration and extend the useful life of the equipment.

RECOMMENDED ACTION:

That the City Council:
a. Award Notice of Inviting Bids 25-023AT to Estate Design and Construction, Inc., the lowest responsive, responsible bidder, for the total bid amount of $178,669 and waive all minor irregularities in the bidding documents as submitted by said bidder for the Lester Water Treatment Plant Gravity Thickener Rehabilitation Project.

b. Authorize an appropriation in the amount of $188,743 from the Water Utility Fund 570 to the Lester Water Treatment Plant Gravity Thickener Paint Operating and Maintenance Project No. 78200.
c. Authorize the City Manager, or his designee, to execute the Maintenance/General Services Agreement with Estate Design and Construction, Inc., including any purchase orders, non-substantive extensions, change orders, and amendments up to 10% of the total contract amount or $17,866.90 as authorized by Corona Municipal Code Section 3.08.060(J).

That the Corona Utility Authority review, ratify, and to the extent necessary, direct the City Council to take the above actions.

BACKGROUND & HISTORY:

The Lester Water Treatment Plant (WTP) Gravity Thickeners, located at 2970 Rimpau Avenue, are critical components in the treatment of imported raw water purchased from the Metropolitan Water District (MWD) for the City of Corona. Lester WTP treats raw water for total suspended solids (TSS) through a multi-stage filtration and disinfection process before distributing it into the system for use.

Raw water is treated through pretreatment, coagulation/flocculation, filtration, backwashing, and disinfection processes to ensure its consumption safety. During the backwash cycle of filtration system cleaning, water is sent to two gravity thickeners to remove TSS. Gravity thickener structures’ key components consist of a 30-foot diameter and a 20-foot-deep concrete structure, a stationary feedwell, a baffle for optimized flow distribution, a rake mechanism to convey solids into the central discharge point, and a sludge cone and scrapper.

Staff have identified the onset of corrosion within the steel components of the gravity thickeners. To mitigate further deterioration and extend the useful life of steel components, epoxy coating for submerged components and painting of above-water components is necessary. This involves sandblasting, epoxy coating, and painting of all steel components, including the bridge across both gravity thickeners.

ANALYSIS:

On October 30, 2024, Notice of Inviting Bids (NIB) 25-023AT was solicited following City of Corona Municipal Code (CMC) Section 3.08.110 Non-public projects – formal bidding procedure and purchasing policy through the City’s PlanetBids bidding portal. On November 14, 2024, five contractors attended a mandatory job walk at the project site.

Two bids were received through the PlanetBids bidding service by the bid due date of December 10, 2024, from the following vendors:

Vendor City Bid Amount
Estate Design and Construction, Inc. Los Angeles $178,669 J.R. Filanc Construction Company, Inc. Escondido $621,000

The project scope consists of sandblasting, epoxy coating and painting of all steel components of the gravity thickeners.

The following bid schedule prices were received from the lowest bidder:

ITEM
NO. ITEM DESCRIPTION
TOTAL
PRICE
1 Mobilization and Demobilization
(less than 5%)
$8,933.45
2 Gravity Thickener No. 1 - Dismantle
and Remove Center Shaft, Rake
Arms and Squeegees
$12,273.52
3 Gravity Thickener No. 1 - Sandblast
Steel Components and Legally
Dispose Debris
$20,034.72
4 Gravity Thickener No. 1 - Prime and
Epoxy Coat Steel Components
$24,186.05
5 Gravity Thickener No. 1 - Reinstall
All Components
$9,566.13
6 Gravity Thickener No. 1 - Replace
Squeegees and Hardware
Replacement (Parts by Contractor)
$2,923.99
7 Gravity Thickener No. 1 - Realign
and Test
$5,053.80
8 Gravity Thickener No. 2 - Dismantle
and Remove Center Shaft, Rake
Arms and Squeegees
$12,273.50
9 Gravity Thickener No. 2 - Sandblast
Steel Components and Legally
Dispose Debris
$20,034.72
10 Gravity Thickener No. 2 - Prime and
Epoxy Coat Steel Components
$24,186.05
11 Gravity Thickener No. 2 - Reinstall
All Components
$9,566.13
12 Gravity Thickener No. 2 - Replace
Squeegees and Hardware (Parts by
Contractor)
$2,923.99
13 Gravity Thickener No. 2 - Realign
and Test
$5,053.80
14 Walkway, Bridges and Catwalks -
Remove Grating and Handrail
$3,068.38
15 Walkway, Bridges and Catwalks -
Sandblast, Prime and Paint All Steel
Components
$14,980.91

16 Walkway, Bridges and Catwalks
Reinstall Grating and Handrail
$3,609.86
Summary of Project Costs:

Project Management Support (City Staff) $20,000
Inspection and testing (On-Call Firm) $30,000
Maintenance and General Services Agreement $178,669
10% Change Order Authority $17,867
Project Cost $246,536
Funds Available in Operating and Maintenance Project No. 78200
$57,793
Fund Appropriation Needed $188,743
City Staff recommends that the City Council approve the Maintenance/General Services Agreement in the amount of $178,669 to Estate Design and Construction, Inc., as the lowest responsive, responsible bidder for the Lester Water Treatment Gravity Thickener Rehabilitation Project. City staff has reviewed and verified all licenses and references for Estate Design and Construction, Inc., and all other required documentation is in order.

FINANCIAL IMPACT:

Approval of the recommended actions will result in an appropriation in the amount of $188,743 from the Water Utility Fund 570 to the Lester Water Treatment Plant Gravity Thickener Paint Operating and Maintenance Project No. 78200. There is sufficient working capital in the Water Utility Fund 570 for the recommended actions.

Fund Project
No.

Requested
Appropriation
Current
Balance
Project Balance
570 78200 $188,743 $57,793 $246,536
ENVIRONMENTAL ANALYSIS:

This action is categorically exempt pursuant to Section 15302 (c) of the Guidelines for the California Environmental Quality Action (CEQA), which states that “operation, repair, maintenance, permitting, leasing, licensing, or minor alteration of existing public or private structures, facilities, mechanical equipment, or topographical features, involving negligible or no expansion of use beyond that existing at the time of the CEQA determination” and is therefore exempt from CEQA. This action involves repairs to existing infrastructure to maintain public health and safety. Therefore, is exempt from the requirements of CEQA, and no environmental analysis is required.

PREPARED BY: AFTAB HUSSAIN, MAINTENANCE MANAGER
REVIEWED BY: TOM MOODY, UTILITIES DIRECTOR

ATTACHMENT:

1. Exhibit 1 – MGSA with Estate Design and Construction

CA\DD\02000.50102\10151745.3
REV. 3.3.6 - PTEAM 12292023
(CITY ATTY: 07-17)

CITY OF CORONA

MAINTENANCE/GENERAL SERVICES AGREEMENT
WITH ESTATE DESIGN AND CONSTRUCTION, INC.
(WATER TREATMENT PLANT REHABILITATION SERVICES – LESTER WTP GRAVITY THICKENER REHABILITATION PROJECT, NIB 25-023AT)

1. PARTIES AND DATE.

This Agreement is made and entered into this ___________ day of _____________, __________ by (“Effective Date”) by and between the City of Corona, a municipal corporation organized under the laws of the State of California with its principal place of business at 400 South Vicentia Avenue, Corona, California 92882 (“City”) and Estate Design And Construction, Inc., a California corporation with its principal place of business at 1902 Westwood Blvd., Suite 200, Los Angeles, CA 90025 (“Contractor”). City and Contractor are sometimes individually referred to as “Party” and collectively as “Parties” in this Agreement.

2. RECITALS.

2.1 Contractor.

Contractor desires to perform and assume responsibility for the provision of certain maintenance or other general services required by the City on the terms and conditions set forth in this Agreement. Contractor represents that it is experienced in providing water treatment plant rehabilitation services to public clients, that it and its employees or subcontractors have all necessary licenses and permits to perform the Services in the State of California, and that is familiar with the plans of City. Contractor shall not subcontract any portion of the work required by this Agreement, except as expressly stated herein, without prior written approval of City.

Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement.

2.2 Project.

City desires to engage Contractor to render such services for the Lester WTP gravity thickener rehabilitation project (“Project”) as set forth in this Agreement.

2.3 Corona Utility Authority.

Contractor understands that the City has entered into a Water Enterprise Management Agreement and a Wastewater Enterprise Management Agreement, both dated as of February 6, 2002, with the Corona Utility Authority (“CUA”) for the maintenance, management and operation of those utility systems (collectively, the “CUA Management Agreements”). To the extent that this Agreement is deemed to be a "material contract" under either of the CUA Management Agreements, City enters into this Agreement on behalf of the CUA and subject to the terms of the applicable CUA Management Agreement(s).

Docusign Envelope ID: EFD12A1D-A42D-4071-895D-2E4BADCA3AB9 Docusign Envelope ID: 9C596F2C-6FDA-44C8-94FC-DC4955CE6B70