Corona City Council
February 19, 2025

GREEN RIVER RANCH
6-12
Labor Force
Goal ED-2
Promote a growing and skilled labor force.

The Green River Ranch Specific Plan provides
employment opportunities to support the commercial
and business park industrial uses. A range of business
types are permitted in these land use categories, many
of which require a skilled labor force.

Fiscal Viability
Goal ED-4
Ensure fiscal viability for the City by pursuing a
diversified local business base that provides
growing sales and property tax revenues to pay
for municipal operations.

The Green River Ranch Specific Plan provides for
general commercial and business park industrial uses.

The development uses will occur near SR-91 and
generate employment opportunities and property tax
and sales revenue to the City of Corona. Positioned as
the western gateway into the City, the project also
allows for freeway-oriented business and commercial
uses to capture passer-by spending.

Financing Opportunities
Goal ED-5
Pursue a range of financing opportunities to
fund infrastructure and public facilities.

As part of the development of Green River Ranch,
public infrastructure will be installed, including
roadway improvements to Green River Road and
Dominguez Ranch Road. Additionally, the
development will be required to pay impact fees
towards public infrastructure and facility
improvements in the City.

Economic Development Program
Goal ED-6
Continue investing in the City’s economic
development.

The Green River Ranch Specific Plan area abuts the
City’s western limits and represents a cohesive
extension of the City’s growth and development. The
Specific Plan provides the structure for a mix of
general commercial, and business park industrial uses.

The development uses will occur near SR-91 and
positively contribute to the City’s economic strength
and growth. Development in Green River Ranch also
will increase recurring sales tax and property tax, and generate recurring earned income for the employees
who will work at the businesses located in the Specific Plan area, triggering direct and indirect secondary
economic growth.

CIRCULATATION -
Local Thoroughfares and Routes
Goal CE-1
A roadway network of complete streets that
provide accessibility for all users of all ages and
abilities while maintaining context sensitivity to
the land uses identified in the Land Use
Element.

As part of the development of Green River Ranch,
public roadways will be improved, including roadway
improvements to Green River Road and Dominguez
Ranch Road. Sidewalks and bicycle lanes are provided
along Green River Road according to City standards
for the roadway classification. A sidewalk system also
will be provided along private Street “A” internal to
the Specific Plan area.

Intercity and Regional Transportation
Goal CE-2
A network of regional roadway facilities to
ensure the safe and efficient movement of
As part of the development of Green River Ranch,
improvements will be made to the Green River Road

GREEN RIVER RANCH
6-13
people and goods from within the City to areas
outside its boundaries and that reduce regional
cut-through traffic in the City.
right-of-way. This roadway is an important part of the
regional roadway network, connecting with SR-91.

Transportation Management
Goal CE-3
Maximize the efficiency of the circulation
system through the use of transportation system
management strategies. Reduce total vehicular
miles traveled in Corona through the
development and improvement of alternative
transportation modes, the reduction in the
number of trips generated, and the reduction in
trip distances.

The Green River Ranch Specific Plan is located in the
SR-91 corridor area. The development of commercial
and industrial business park uses in this area will
reduce trip distances by providing a short trip length to and from the site and the State Highway System.

Public Transportation
Goal CE-4
A public transportation system that provides
mobility for residents and encourages use of
public transportation as an alternative to
automobile travel.

The Green River Ranch Specific Plan is located in the
SR-91 corridor area. The development of commercial
and industrial business park uses in this area will
encourage carpooling and public transportation use in
and around the freeway corridor. No public
transportation improvements are targeted for inside the Specific Plan boundary. All roads interior to Green
River Ranch will be private roads.

Bicycle and Pedestrian Facilities
Goal CE-5
Develop and maintain convenient bikeway and
pedestrian systems to satisfy both recreational
desires and transportation needs using a
complete streets approach to accommodate
users of all modes, abilities, and needs.

As part of the development of Green River Ranch,
public roadways will be improved, including roadway
improvements to Green River Road, and Dominguez
Ranch Road. Sidewalks and bicycle lanes are provided
along Green River Road according to City standards
for the roadway classification. A sidewalk system also
will be provided along private Street “A” internal to
the Specific Plan area.

Goods Movement
Goal CE-6
Facilitate goods movement to support local
commerce, while protecting residents and
visitors from the negative effects of noise,
vibration, and air pollution typically associated
with truck operations and rail service.

The business park industrial uses in Green River
Ranch are anticipated to directly support goods
movement and local commerce. The development
standards and design guidelines included in the
Specific Plan are aimed at context-sensitive
development. In addition, a variety of technical
studies prepared as part of the Green River Ranch
Subsequent Environmental Impact Report will address
and mitigate for any significant negative effects
associated with business operations, including truck
operations that service the buildings.

Parking
Goal CE-7
Provide an adequate supply of convenient
parking for all developments in the City in a
manner that is consistent with the goals of
managing transportation demand.

Parking in the Specific Plan area is required to meet
the requirements of Corona Municipal Code Section

17.76. See Specific Plan Table 3, Development
Standards.

INFRASTRUCTURE AND UTILITIES -
Water System

GREEN RIVER RANCH
6-14
Goal IU-1
Secure water supply, water treatment,
distribution, pumping, and storage systems that
meet the current and projected future daily and
peak water demands of Corona in an equitable,
efficient, and sustainable manner.

The Water Supply Assessment prepared for the Green
River Ranch Specific Plan demonstrates that an
adequate supply of water is available for the project in addition to the City’s other water supply commitments.

Goal IU-2
Minimize water consumption and urban runoff
generation through site design, the use of water
conservation systems, and other techniques.

The landscape plant palette presented in Specific Plan
Section 4.3.6 focus on the use of low and medium
water use plant material. Also, development will be
required to comply with the California Green Building
Standards Code, which requires the use of water
conserving features in building design.

Sewer/Reclaimed Water
Goal IU-3
A secure sewer collection and treatment system
that meets current and projected future daily
and peak load demands in Corona and protects
public health and the environment in an
efficient, equitable, and sustainable manner.

A Sewer Study was prepared for the Green River
Ranch Specific Plan that demonstrates a secure sewer
collection and treatment system that meets current and
projected future daily and peak load demands in
Corona and protects public health and the
environment.

Storm Drainage
Goal IU-4
Adequate planning, construction, maintenance,
and funding for storm drainage and storage
control facilities to support permitted land uses
and protect the health and safety of the public
and environment.

The Water Supply Assessment and Hydrology Report
prepared for the Green River Ranch Specific Plan
demonstrates through onsite drainage facilities, catch
basins, and best management practices the Green River
Ranch Specific Plan area will be compliant with Goals
IU-4 and IU-5.

Goal IU-5
Ensure that urban runoff from existing and new
development does not degrade the quality of the
City’s surface waters, groundwater system, and
other sensitive environmental areas.

Solid Waste Management
Goal IU-6
Maintain solid waste collection, recycling, and
disposal services, programs, and regulations in
accordance with California mandates.

Development in the Green River Ranch Specific Plan
is required to comply with all City and State mandated
waste collection and recycling requirements.

Energy
Goal IU-7
Reliable and safe natural gas, electrical, and
renewable energy supplies and facilities to
support existing and future uses within Corona.

The Specific Plan area will be served with adequate
infrastructure, and is located adjacent to Green River
Road where infrastructure systems are in place. For
further analysis, energy consumption is evaluated as
part of the project’s Subsequent Environmental Impact
Report.

Telecommunications
Goal IU-8
Allow for the provision of an adequate, safe,
and orderly supply of telecommunication
The Green River Ranch Specific Plan will be supplied
with adequate infrastructure and will not obstruct the
provision of adequate, safe, and orderly
telecommunication infrastructure.

GREEN RIVER RANCH
6-15
infrastructure to support existing and future land
uses within the City.

PUBLIC SAFETY -
Seismic and Geologic Hazards
Goal PS-1
Adequate protection of the health, safety, and
welfare of the public, property and economic
investments, and community social and service
functions from seismic and geologic events.

Seismic ground shaking could affect the Green River
Ranch site in a similar manner as all properties in the area. Design of all structures is required to comply
with the California Building Standards code and City
of Corona ordinances which will mitigate seismic
hazards to an acceptable level. Structures will be
designed to withstand earthshaking from the maximum
credible earthquake that can be expected, as well as
impacts from secondary seismic hazards in accordance
with recommendations in the Subsequent
Environmental Impact Report.

Flooding and Inundation
Goal PS-2
Adequate protection of the health, safety, and
welfare of the public, property and economic
losses, and community social and service
functions from flooding and dam inundation
events.

The Green River Ranch project will not compromise
public health, safety, or welfare due to flooding. No
dams are located or are proposed within the project
site. Also, a storm water infrastructure system will be installed as called for by the Specific Plan to handle
water collection and discharge into the City’s storm
water drainage system.

Hazardous Materials
Goal PS-3
Ensure that the health, safety, and general
welfare of residents and visitors of the City of
Corona, including the overall health of the
natural environment, is provided through good
land use planning and strict adherence and
enforcement of the City of Corona Hazardous
Material Area Plan, Local Hazard Mitigation
Plan, California Fire Code, Certified Unified
Program Agency, and other pertinent sources
and documents.

The Green River Ranch Specific Plan ensures the
health, safety, and general welfare of residents and
visitors is valued by using good land use planning and
strict adherence and enforcement of all health and
safety requirements. Additionally, the Specific Plan
includes guidelines for wildfire protection in Specific Plan Section 4.3.5. Refer to the Subsequent
Environmental Impact Report for more information.

Police Services
Goal PS-5
Ensure that there is an adequate service level of
law enforcement services provided for all
residents, visitors, and businesses throughout
the City of Corona.

The Green River Ranch Specific Plan will not interfere
with the City’s ability to provide an adequate level of law enforcement services. Impact fees and recurring
tax revenue generated by development in Green River
Ranch will support law enforcement services.

Goal PS-6
Ensure that police services are provided in a
manner that reflects and is sensitive to the
characteristics and needs of resident population,
visitors, and business community.

Goal PS-7
Encourage the use of land use and development
configuration and site design standards within
residential and other developments to minimize
The Green River Ranch Specific Plan’s non-residential
development is positioned along Green River Road,
which is a safe and convenient location for such uses.

GREEN RIVER RANCH
6-16
crime and improve the safety for residents,
visitors, and employees.

Fire Hazards
Goal PS-8
Ensure that there is an adequate service level of
fire protection and suppression services
provided for all residents, visitors, and
businesses throughout the City of Corona to
meet community expectations and budgetary
resources for safety.

The Specific Plan area will be served by the City’s Fire Department and development within its boundaries is
required to comply with the Department’s Uniform
Fire Code. Fire services will be provided by the Fire
Station #5 located at 1200 West Canyon Crest Drive,
just less than one mile east of the project along Green River Road. Emergency response time to all parts of
the Specific Plan area will be five minutes or less (i.e., two miles or less), which meets or exceeds the City’s
criteria for residential, industrial, and commercial
development response times. The site is located in a
high fire hazard area, which requires conformance with
the City of Corona Fire Department’s Fuel
Modification Program. The Specific Plan incorporates
landscaping standards and guidelines in compliance
with that program for areas that are susceptible to wild land fire hazards. The Specific Plan proposes a
minimum 150’ fuel modification zone at the edge of
the graded slope areas where they interface with the
wild land hillside, as shown on Exhibit 14, Conceptual
Landscape Plan. A more detailed Fuel Modification
Plan will be submitted to the City for review and
approval as part of Precise Plan approvals. Further,
potential fire impacts and appropriate mitigation
measures will be evaluated as part of the
Environmental Impact Report prepared for the project.

Goal PS-9
Through fire prevention and educational efforts,
promote participation, voluntary compliance
and community awareness of fire safety issues
in order to reduce the incidence and severity of
fire and related emergencies and loss.

Goal PS-10
Reduce fire risk to life and property through
effective land use planning and compliance with
federal, state, local laws, ordinances, and
standards.

NOISE -
Noise Transportation
Goal N-1
Protect residents, visitors, and noise-sensitive
land uses from the adverse human health and
environmental impacts created by excessive
noise levels from transportation sources by
requiring proactive mitigation.

Potential noise impacts and appropriate mitigation
measures will be evaluated as part of the Subsequent
Environmental Impact Report prepared for the project.

Goal N-2
Prevent and mitigate the adverse impacts of
excessive ambient noise exposure, including
vibration on residents, employees, visitors, and
“noise sensitive” land uses.

Goal N-3
Discourage the spillover or encroachment of
unacceptable noise levels from mixed use,
commercial, and industrial land uses on to noise
sensitive land uses.

Goal N-4
Minimize noise impacts created by railroad
transit and airport operations and flight patterns

GREEN RIVER RANCH
6-17
on residential areas and other “noise sensitive”
land use areas.

Reduction in Pollution Exposure
Goal HC-2
Protection of residents, business, and visitors
from exposure to pollution and improvement of
air quality for the community.

Potential air quality impacts and appropriate mitigation measures will be evaluated as part of the Subsequent
Environmental Impact Report prepared for the project.

ENVIRONMENTAL RESOURCES -
Water Resources
Goal ER-1
Enhancement, protection, and management of
the quality and quantity of hydrologic resources
in Corona to ensure its long-term quality and
sustainability.

A Hydrology Report and Water Quality Management
Plan (WQMP) that supplements the Green River
Ranch Specific Plan have been prepared. A storm
water infrastructure system will be installed as called for by the Specific Plan to handle storm water
collection and discharge into the City’s storm water
drainage system. There is no development proposed in
Planning Area 5 and 6.

Goal ER-2
Sustainable use of finite water resources for the
long-term use of residents, the business
community, and visitors of Corona.

The Water Supply Assessment prepared for the Green
River Ranch Specific Plan demonstrates that an
adequate supply of water is available for the project in addition to the City’s other water supply commitments.

Goal ER-3
Long-term groundwater sustainability of the
local water supply for domestic, commercial,
industrial, agricultural, environmental
protection, and other purposes.

There is a large portion of the Green River Ranch
Specific Plan project site will be maintained as
permeable surfaces to allow for groundwater
infiltration. For further analysis, refer to the prepared Green River Ranch Hydrology Report and Subsequent
Environmental Impact Report.

Goal ER-4
Proper management of floodplain and riparian
areas for their importance to wildlife habitat,
unique and sensitive plant life, water recharge,
and public health and safety.

Planning Area 6 and a portion of the Planning Area 5
would remain undeveloped, allowing water to
percolate into the natural drainage system and
groundwater table and for riparian areas to continue
serving as habitat for wildlife.

Goal ER-5
Preservation and protection of natural and manmade wetlands from development impacts for their importance to wildlife habitat, unique and
sensitive plant life, water recharge, and scenic
value.

The Green River Ranch Specific Plan advocates for
sensitive placement of residential developmental
building pads for the protection and preservation of
natural and man-made wetlands from development
impacts for their importance of wildlife habitat, unique and sensitive plant life, water recharge and scenic
value. For additional analysis on biological
preservation and protection, refer to the Biological
Resources section of the Subsequent Environmental
Impact Report prepared for the Green River Ranch
Specific Plan.

Biological Resources
Goal ER-6
Protection, enhancement, and sustaining of
significant plant and wildlife species and habitat
that exist in Corona and its Planning Area, for
the long-term benefit of the natural environment
and Corona residents and visitors.

The Specific Plan provides for a mix of general
commercial, and business park industrial uses. The
development will occur near SR-91 in the most nonsensitive portions of the property for biological resources. For additional analysis on biological
resources, refer to the Biological Resources section of

GREEN RIVER RANCH
6-18
Goal ER-7
Adequate protection of biological resources and
increased public awareness of their value to the
community.
the Subsequent Environmental Impact Report prepared
for the Green River Ranch Specific Plan.

Goal ER-8
Protection of forest and vegetation resources in
the City of Corona.

Goal ER-9
Protection of regional washes and waterways
and their use for recreational and open space
purposes such as trails, habitat preservation, and
groundwater recharge.

Air Resources
Goal ER-12
Improvement in air quality within the Corona
Planning Area by controlling point sources,
reducing vehicle trips, implementing efficient
land use planning and construction practices,
and energy conservation.

The Green River Ranch Specific Plan is located in the
SR-91 corridor area. The development of commercial
and industrial business park non-residential uses in this area will reduce trip distances, and associated vehicular air emissions, by providing a short trip length to and
from the site and the State Highway System.

Development in the Specific Plan area will be required
to comply with the California Green Building
Standards Code, which requires energy conservation in
construction practices.

Goal ER-13
Reduce greenhouse gas (GHG) emissions from
City operations and community-wide sources
15% below 2008 levels by 2020, 49% below
2008 levels by 2030, and 66% below 2008
levels by 2040.

The Green River Ranch Specific Plan will not obstruct
the City’s ability to reduce GHG operations from City
operations. Refer to the Greenhouse Gas Emissions
Report prepared for the Green River Ranch Specific
Plan Subsequent Environmental Impact Analysis for
an analysis of project-specific GHG emissions and an
explanation of consistency with GHG reduction goals.

DATE: 02/05/2025
TO: Honorable Mayor and City Council Members
FROM: City Manager’s Department
2025-47

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

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

REGULAR MEETING START TIME
EXECUTIVE SUMMARY:

Mayor Jim Steiner has proposed adjusting the start time of the City Council’s regular meetings to 6:00 p.m. to promote greater community engagement and accessibility. This proposal aims to make it easier for residents to participate in Council meetings by limiting the use of afternoon study sessions and shifting more agenda items to evening sessions.

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

BACKGROUND & HISTORY:

On January 9, 2025, Mayor Steiner submitted a Future Agenda Request to adjust the start time of regular City Council meetings from 6:30 p.m. from 6:00 p.m. In addition to changing the meeting time, the proposal includes readjusting the use of study sessions

to accommodate relevant agenda items in evening meetings. These changes align with the City's ongoing efforts to enhance transparency, public engagement, and community participation. The goal is to improve accessibility for residents who may face scheduling conflicts when attending study sessions and open meetings in the afternoon.

Mayor Steiner briefly discussed the item at the January 15, 2025, City Council Meeting, and the rest of the City Council provided consent to put the topic on a future City Council Meeting agenda for further discussion.

ANALYSIS:

Corona Municipal Code (CMC) Section 2.08.010 currently states the start time for regular City Council meetings. Therefore, adjusting the start time requires an amendment to this section.

Staff analyzed this proposal and determined that adopting the start time of regular City Council meetings and closed sessions via resolution would be a better practice and provide additional flexibility to the City Council. Thus, this is reflected in the proposed Ordinance.

Should the City Council choose to change the start time of its meetings to 6:00 p.m., staff recommends adopting the attached ordinance and conducting the first reading. If the first reading is conducted, a second reading will occur during the Council Meeting on February 19, 2025. The CMC change would then go into effect 30 calendar days later. As a result, the first City Council Meeting with a regular start time of 6:00 p.m. would be April 2, 2025.

FINANCIAL IMPACT:

There is no financial impact associated with this action.

ENVIRONMENTAL ANALYSIS:

This action is exempt under 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 commonsense 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 substantially affect the environment, the activity is not subject to CEQA. This action seeks council approval to change the start time of regular council meetings and thus has no potential for having a significant effect on the environment.

PREPARED BY: TALA QASQAS, MANAGEMENT FELLOW AND,

AMINAH MEARS, DPA, ASSISTANT TO THE CITY MANAGER
REVIEWED BY: BRETT CHANNING, ASSISTANT CITY MANAGER
ATTACHMENTS:

1. Exhibit 1 - Future Agenda Item Request

2. Exhibit 2 – Ordinance 3411 (REDLINE)

3. Exhibit 3 – Ordinance 3411 (CLEAN)

4. Exhibit 4 - Resolution 2025-011 (CLEAN)

DEAND\04000.30001\10305447.2
ORDINANCE NO. 3411

AN ORDINANCE OF THE CITY OF CORONA,
CALIFORNIA, AMENDING SECTION 2.08.010 OF THE

CORONA MUNICIPAL CODE TO ALLOW THE CITY

COUNCIL TO SET ITS REGULAR MEETING START

TIMES BY RESOLUTION
WHEREAS, The Ralph M. Brown Act (“The Brown Act”), specifically Government Code Section 54954 (Rules for Conduct of Business: Time and Place For Holding Regular Meetings), provides that the City Council shall provide the time and place for holding its regular meetings; and
WHEREAS, The Brown Act allows the City Council to take such action by ordinance, resolution, bylaw, or other authorized action; and WHEREAS, Corona Municipal Code (“CMC”) Section 2.08.010 (Meetings - Regular - Time, Place) of Chapter 2.08 (City Council) has historically provided the date and time for City Council regular meetings; and
WHEREAS, the City Council would now like to establish the start times of its regular meetings each calendar year by Resolution, which will provide more flexibility for the conduct of its business.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CORONA
DOES ORDAIN AS FOLLOWS:

SECTION 1. Section 2.08.010 (Meetings - Regular - Time, place). Section

2.08.010 of Chapter 2.08 is hereby amended in its entirety to read as follows:
“2.08.010 Meetings - Regular - Time, place.

Regular meetings of the Council shall be held on the first and third Wednesdays of each month at Corona City Hall, located at 400 South Vicentia Avenue. The regular meeting start times shall be designated each calendar year by a resolution duly adopted by the City Council before the start of the calendar year. If the City Council wishes to change the start time for any particular regular meeting to an earlier time, it shall do so by a resolution duly adopted at least fourteen (14) calendar days in advance of such meeting. The closed session portion shall be held in the City Council Board Room located on the third floor of City Hall, or at such other location as indicated on the published agenda. The open session portion shall CLEAN

DEAND\04000.30001\10305447.2
be held at the Council Chambers located on the first floor of City Hall.”
SECTION 2. Effective Date. The Mayor shall sign this Ordinance and the City Clerk shall attest thereto and shall within fifteen (15) days of its adoption cause it, or a summary of it, to be published in a general circulation newspaper published and circulated in the City of Corona. This Ordinance shall take effect and be in force 30 days after its adoption.

PASSED, APPROVED AND ADOPTED this ____ day of ___________2025. ___________________________________
Mayor of the City of Corona, California
ATTEST:
____________________________________
City Clerk of the City of Corona, California
CLEAN

DEAND\04000.30001\10305447.2

CERTIFICATION
I, Sylvia Edwards, Clerk of the City of Corona, California, do hereby certify that the foregoing Ordinance was regularly introduced at a regular meeting of the City Council of the City of Corona, California, duly held the ____ day of __________ 2025, and thereafter at a regular meeting held on the ____ day of _________ 2025, it was duly passed and adopted by the following vote of the Council:

AYES:

NOES:

ABSENT:

ABSTAINED:

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Corona, California, this ____ day of ____________ 2025.

_______________________________________
City Clerk of the City of Corona, California
(SEAL)
CLEAN

DATE: 02/19/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-61

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

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 DECEMBER 2024 RECOMMENDED ACTION:

That the City Council receive and file the monthly investment portfolio report for December 2024.

____________________________________________________________________________________________________________________ Prepared By: Chandler Asset Management
City of Corona
Investment Portfolio Report
Month Ending December 31, 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 December 31, 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 November 30, 2024 473,357,677 $ 39,997,834 $ 513,355,511 $ Acquisitions / Additions:

Agency Notes 4,474,160 4,474,160
US Corporate Notes 4,426,740 4,426,740
LAIF 41,800,000 41,800,000
Money Market Fund 8,161,091 335,065 8,496,155
$ 58,861,991 335,065 $ 59,197,055
Dispositions / Withdrawals:

Agency Notes 5,277,791 5,277,791
US Corporate Notes 5,487,100 5,487,100
LAIF 36,600,000 36,600,000
Money Market Fund 24,556,022 24,556,022
$ 71,920,913 $ 71,920,913
Gain/(Loss) on Dispositions (482,263) $ 280,419 $ $ (201,843) Ending balance December 31, 2024 459,816,492 $ 40,613,318 $ $ 500,429,810 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

MONTHLY ACCOUNT STATEMENT
City of Corona Cons Account | Account #10003 | As of December 31, 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:

Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 2.41
Average Coupon 3.36%
Average Purchase YTM 3.59%
Average Market YTM 4.48%
Average Quality AA
Average Final Maturity 2.81
Average Life 2.49
Beg. Values as of
12/01/2024
End Values as of
12/31/2024
Market Value 471,591,196.66 456,278,214.12
Accrued Interest 2,667,155.89 2,646,011.22
Total Market Value 474,258,352.56 458,924,225.34
Income Earned 767,137.76 1,722,813.96
Cont/WD 3,200,000.00 (14,802,880.89)
Par 478,263,361.85 464,702,430.80
Book Value 473,357,676.99 459,816,492.14
Cost Value 473,357,676.99 459,816,492.14
Government of The United States 33.46%
FHLMC 14.13%
LAIF 6.89%
FNMA 5.15%
International Bank for Recon and Dev 2.30%
Massachusetts Mutual Life Insurance 1.35%
Inter-American Development Bank 1.34%
American Express Credit Master Trust 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: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 11.4 Compliant
Max Maturity (Years) 5.0 4.3 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 8.6 Compliant
Max % Issuer (MV) 5.0 1.3 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 25.3 Compliant
Max % Issuer (MV) 5.0 1.4 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 9.3 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 31.4 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.3 Compliant
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 0.3 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 1.0 Compliant
Max % Issuer (MV) 5.0 1.0 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 3.6 Compliant
Max % Issuer (MV) 10.0 2.3 Compliant
Max Maturity (Years)54 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 33.5 Compliant
Max Maturity (Years) 5 4 Compliant
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 473,357,676.99 508,517,844.79
Maturities/Calls 0.00 (218,735,000.00)
Principal Paydowns (421,336.26) (11,812,877.26)
Purchases 58,861,990.71 880,416,891.07
Sales (71,499,576.71) (700,274,392.24)
Change in Cash, Payables, Receivables (396,626.66) (289,486.33) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) (85,635.93) 1,993,512.11
Ending Book Value 459,816,492.14 459,816,492.14
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Market Value 471,591,196.66 500,547,023.51
Maturities/Calls 0.00 (218,735,000.00)
Principal Paydowns (421,336.26) (11,812,877.26)
Purchases 58,861,990.71 880,416,891.07
Sales (71,499,576.71) (700,274,392.24)
Change in Cash, Payables, Receivables (396,626.66) (289,486.33) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) (1,771,797.69) 4,432,543.26 Realized Gain (Loss) (85,635.93) 1,993,512.11
Ending Market Value 456,278,214.12 456,278,214.12
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (218,735,000.00)
Principal Paydowns
Month to Date (421,336.26)
Fiscal Year to Date (11,812,877.26)
Purchases
Month to Date 58,861,990.71
Fiscal Year to Date 880,416,891.07
Sales
Month to Date (71,499,576.71)
Fiscal Year to Date (700,274,392.24)
Interest Received
Month to Date 1,767,640.16
Fiscal Year to Date 13,360,932.10
Purchased / Sold Interest
Month to Date (23,681.53)
Fiscal Year to Date 36,570.36
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 160,794.36 11/16/20210.89%
160,760.46
160,760.46

99.22 4.64%
159,543.67

39.31 0.03%
(1,216.80)
Aaa/NA
AAA

1.06 0.21
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 163,484.02 07/13/20210.52%
163,469.44
163,469.44

99.50 4.47%
162,669.71

37.78 0.04%
(799.73)
Aaa/NA
AAA

1.21 0.13
89238JAC9 TAOT 2021-D A3 0.71
04/15/2026 161,136.81 11/09/20210.71%
161,133.38
161,133.38

99.27 4.64%
159,962.70

50.85 0.04%
(1,170.68)
NA/AAA
AAA

1.29 0.18
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 520,436.53 02/15/20221.88%
520,358.26
520,358.26

99.14 4.60%
515,967.96
434.85

0.11%
(4,390.30)
Aaa/AAA
NA

1.37 0.31
44935FAD6 HART 2021-C A3 0.74
05/15/2026 76,280.61 11/09/20210.75%
76,263.58
76,263.58

99.60 4.64%
75,974.55

25.09 0.02%
(289.03)
NA/AAA
AAA

1.37 0.10
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 349,057.79 05/10/20223.21%
349,039.64
349,039.64

99.55 4.54%
347,470.10
186.75

0.08%
(1,569.54)
Aaa/AAA
NA

1.65 0.35
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 295,689.86 03/10/2022

2.33%
295,624.45
295,624.45

99.17 4.82%
293,227.24
304.89

0.06%
(2,397.22)
Aaa/NA
AAA

1.71 0.33
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 163,675.68 10/13/20210.68%
163,671.51
163,671.51

99.07 4.44%
162,152.25

46.37 0.04%
(1,519.25)
Aaa/AAA
NA

1.71 0.25
448977AD0 HART 2022-A A3 2.22
10/15/2026 441,519.23 03/09/20222.22%
441,502.23
441,502.23

99.25 4.77%
438,214.06
435.63

0.10%
(3,288.17)
NA/AAA
AAA

1.79 0.29
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 177,645.91 01/11/20221.26%
177,630.47
177,630.47

99.09 4.61%
176,037.73

93.26 0.04%
(1,592.74)
NA/AAA
AAA

1.88 0.27
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
100.53

4.56%
1,809,601.38
1,494.00

0.40%
11,218.57
Aaa/AAA
NA

2.23 1.14
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

4.58%
1,633,873.54
3,883.18

0.36%
18,918.44
NA/AAA
AAA

2.38 1.31
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

99.56 4.65%
2,752,715.11
4,165.93

0.60%
(11,673.28)
NA/AAA
AAA

0.37 0.36
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
101.10

4.63%
1,511,445.60
2,462.18

0.33%
16,532.46
NA/AAA
AAA

2.55 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
100.45

4.51%
1,888,378.60
4,186.13

0.41%
8,721.14
Aaa/NA
AAA

2.87 0.81
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
101.19

4.64%
1,097,895.33
2,565.42

0.24%
13,022.27
Aaa/NA
AAA

3.05 1.60
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
101.04

4.55%
3,470,614.08
7,953.93

0.76%
35,763.50
Aaa/AAA
NA

3.62 1.44
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
101.06

4.56%
3,683,633.36
8,359.20

0.81%
39,643.75
NR/AAA
AAA

3.71 1.59
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

4.48%
2,019,401.60
4,426.67

0.44%
12,917.22
Aaa/NA
AAA

1.88 1.75
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
101.21

4.60%
1,432,173.71
2,692.82

0.31%
17,345.63
NA/AAA
AAA

3.89 1.65
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
100.51

4.54%
1,995,216.40
4,011.35

0.44%
14,325.97
Aaa/NA
AAA

3.97 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
100.74

4.61%
2,014,846.20
4,435.56

0.44%
14,064.95
NA/AAA
AAA

4.13 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
101.18

4.48%
1,876,886.03
1,601.48

0.41%
22,167.80
Aaa/AAA
NA

4.16 1.55
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
101.25

4.63%
2,126,262.60
4,853.33

0.47%
26,673.15
Aaa/NA
AAA

4.20 1.98
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
101.53

4.57%
3,116,933.85
7,136.04

0.68%
47,563.20
NA/AAA
AAA

4.29 2.11
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
100.97

4.54%
2,115,247.34
4,590.38

0.46%
20,364.87
Aaa/AAA
NA

4.37 2.19
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

99.32 4.59%
2,314,196.08
4,442.53

0.51%
(15,457.68)
Aaa/AAA
NA

4.79 2.57
Total ABS 39,079,720.79 4.76%
39,076,662.26
39,076,662.26
100.70

4.57%
39,350,540.77
74,914.94

8.62%
273,878.51
Aaa/AAA
AAA

3.24 1.49
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

99.97 3.87%
4,218,665.30
33,144.58

0.92%
(64,212.90)
Aaa/AA+
AA+

0.02 0.01
3135G03U5 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.625 04/22/2025 970,000.00 04/22/20200.67% 968,001.80
968,001.80

98.91 4.24%
959,394.52
1,161.98

0.21%
(8,607.28)
Aaa/AA+
AA+

0.31 0.30
3135G04Z3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025 6,200,000.00 --0.51%
6,196,731.90
6,196,731.90

98.32 4.24%
6,095,795.48
1,205.56

1.34%
(100,936.42)
Aaa/AA+
AA+

0.46 0.45
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

97.84 4.37%
6,163,944.82
10,500.00

1.35%
(113,954.78)
Aaa/AA+
AA+

0.55 0.54
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 6,285,000.00 --0.46%
6,260,439.20
6,260,439.20

97.50 4.34%
6,127,621.21
8,249.06

1.34%
(132,817.99)
Aaa/AA+
AA+

0.65 0.63
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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

97.25 4.27%
6,121,948.18
6,426.15

1.34%
(154,397.87)
Aaa/AA+
AA+

0.73 0.71
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 6,300,000.00 --0.57%
6,279,895.00
6,279,895.00

96.88 4.29%
6,103,224.60
4,725.00

1.34%
(176,670.40)
Aaa/AA+
AA+

0.85 0.83
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

98.65 4.33%
3,452,708.18
39,934.03

0.76%
(96,046.83)
Aaa/AA+
AA+

3.21 2.94
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

99.25 4.23%
2,977,362.99
333.33

0.65%
46,002.99
Aaa/AA+
AA+

3.50 3.23
Total Agency 43,070,000.00 1.11%
43,022,306.75
43,022,306.75

98.04 4.25%
42,220,665.29
105,679.69

9.25%
(801,641.46)
Aaa/AA+
AA+

0.99 0.93

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

97.06 4.48%
1,455,904.65
3,316.25

0.32%
(130,521.13)
Aaa/AA+
AAA

1.65 1.54
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

97.68 4.50%
2,930,447.10
7,800.00

0.64%
(197,990.40)
Aaa/AAA
AAA

1.73 1.56
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

96.67 4.57%
2,561,627.80
7,163.83

0.56%
79,219.60
Aaa/AA+
AA+

2.65 2.42
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

96.74 4.60%
4,537,320.80
13,460.30

0.99%
66,248.53
Aaa/AA+
AAA

2.98 2.71
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 6,000,000.00 --

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

96.44 4.60%
5,786,638.20
16,750.00

1.27%
78,638.51
Aaa/AA+
AAA

3.07 2.75
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

97.08 4.61%
2,912,449.80
9,000.00

0.64%
1,395.11
Aaa/AA+
AAA

3.07 2.78
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 5,320,000.00 --

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

97.28 4.70%
5,175,365.16
17,068.33

1.13%
(53,759.85)
Aaa/AA+
AAA

3.40 3.04
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

97.47 4.63%
1,946,524.43
6,413.70

0.43%
(5,153.03)
Aaa/AA+
AAA

3.48 3.07
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

97.41 4.65%
3,066,412.34
10,231.00

0.67%
50,726.71
Aaa/AA+
AAA

3.65 3.30
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

97.44 4.65%
2,436,060.25
8,166.67

0.53%
24,732.12
Aaa/AA+
AAA

3.74 3.33
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

91.03 4.69%
4,551,550.00
8,462.50

1.00%
71,081.25
Aaa/AA+
AAA

3.74 3.47
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 8,000,000.00 --

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

91.15 4.71%
7,292,337.60
15,066.67

1.60%
124,173.53
Aaa/AA+
AAA

4.07 3.71
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

95.26 4.68%
4,715,374.95
14,115.75

1.03%
78,230.42
Aaa/AAA
AA+

4.15 3.73
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

94.57 4.70%
2,837,111.10
8,245.00

0.62%
61,642.35
Aaa/AA+
AAA

4.31 3.87
Total Agency
CMBS 54,755,000.00 4.33%
51,956,460.46
51,956,460.46

95.41 4.64%
52,205,124.18
145,260.00

11.44%
248,663.72
Aaa/AA+
AAA

3.40 3.08
CASH
CCYUSD Receivable 2,889.85 --

0.00%
2,889.85
2,889.85

1.00 0.00%
2,889.85

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 302,758.35 --

0.00%
302,758.35
302,758.35

1.00 0.00%
302,758.35

0.00 0.07%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 48.31 --

0.00%

48.31 48.31

1.00 0.00%

48.31 0.00

0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 305,696.51 0.00%
305,696.51
305,696.51

1.00 0.00%
305,696.51

0.00 0.07%

0.00 Aaa/AAA
AAA

0.00 0.00

CORPORATE
06367WB85 BANK OF MONTREAL 1.85
05/01/2025 2,761,000.00 07/23/20210.85%
2,862,660.02
2,862,660.02

99.07 4.70%
2,735,247.99
8,513.08

0.60%
(127,412.03)
A2/AAA0.33

0.33 40139LBC6 GUARDIAN LIFE GLOBAL
FUNDING 0.875 12/10/2025 3,000,000.00 --

1.12%
2,969,700.00
2,969,700.00

96.59 4.63%
2,897,725.89
1,531.25

0.64%
(71,974.11)
Aa1/AA+
NA

0.94 0.92
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

99.14 5.95%
991,410.35
3,992.42

0.22%
(45,919.65)
A1/A
AA1.310.30
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

95.68 4.30%
4,654,806.51
6,621.81

1.02%
(189,176.69)
A1/AA
AA1.361.33
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 805,000.00 --1.08%
807,605.05
807,605.05

95.56 4.53%
769,292.66
1,182.90

0.17%
(38,312.39)
A2/A+
A

1.37 1.33
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 3,325,000.00 06/15/20211.13%
3,323,537.00
3,323,537.00

95.08 4.65%
3,161,453.23
1,350.78

0.69%
(162,083.78)
A1/A+
A+

1.46 1.42
06051GJD2 BANK OF AMERICA CORP 1.319
06/19/2026 3,000,000.00 --

1.25%
3,007,920.00
3,007,920.00

98.37 5.35%
2,951,014.41
1,319.00

0.65%
(56,905.59)
A1/AAA1.47

0.45 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

95.01 4.59%
2,158,728.64
12,496.00

0.47%
(112,641.28)
Aa3/AA+
AA+

1.54 1.49
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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

94.59 4.59%
1,622,253.98
6,371.70

0.36%
(91,168.22)
Aa3/AAAA1.70

1.64 931142ER0 WALMART INC 1.05 09/17/2026 785,000.00 09/08/2021

1.09%
783,516.35
783,516.35

94.60 4.36%
742,625.14
2,381.17

0.16%
(40,891.21)
Aa2/AA
AA

1.71 1.66
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

94.70 4.65%
2,353,370.42
22,002.60

0.52%
(128,796.68)
Aa3/AAAA2.03

1.93 808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,300,000.00 03/09/20222.73%
1,282,866.00
1,282,866.00

95.49 4.66%
1,241,388.34
10,439.72

0.27%
(41,477.66)
A2/AA2.17

2.06 89114TZT2 TORONTO-DOMINION BANK 2.8
03/10/2027 1,900,000.00 03/09/2022

2.97%
1,884,933.00
1,884,933.00

95.92 4.78%
1,822,484.10
16,403.33

0.40%
(62,448.90)
A2/ANA2.19

2.07 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

98.68 4.59%
1,327,302.91
7,621.67

0.29%
(15,518.19)
A2/A+
A+

2.36 2.21
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

98.03 4.59%
1,338,069.21
6,453.42

0.29%
(27,569.19)
A2/A+
A

2.37 2.23
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

97.12 4.29%
2,427,980.38
8,958.33

0.53%
(13,994.63)
Aa3/A+
WR

2.38 2.26
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

98.35 4.83%
1,376,954.00
3,674.38

0.30%
(18,356.00)
A2/ANA2.44

2.28 756109AU8 REALTY INCOME CORP 3.65
01/15/2028 4,500,000.00 --5.00%
4,242,810.00
4,242,810.00

96.55 4.89%
4,344,766.52
75,737.50

0.95%
101,956.52
A3/AWR3.04

2.78 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
100.51

4.57%
2,462,553.95
52,045.49

0.54%
(25,151.55)
A1/A
A+

3.05 2.75
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
101.54

4.71%
1,523,137.76
29,750.00

0.33%
(9,082.25)
A2/A+
A

3.13 2.73
57636QAW4 MASTERCARD INC 4.875
03/09/2028 2,090,000.00 03/06/20234.90%
2,087,972.70
2,087,972.70
101.14

4.49%
2,113,761.48
31,698.33

0.46%
25,788.78
Aa3/A+
NA

3.19 2.81
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

98.57 4.46%
1,626,445.33
9,350.00

0.36%
(22,638.17)
Aaa/AA+
NA

3.36 3.09
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

98.53 4.52%
1,945,986.60
9,776.25

0.43%
(29,405.65)
A1/A+
NA

3.38 3.10
74340XCG4 PROLOGIS LP 4.875 06/15/2028 4,000,000.00 --

5.11%
3,959,713.70
3,959,713.70
100.24

4.80%
4,009,736.00
8,666.67

0.88%
50,022.30
A3/A
NA

3.46 3.07
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 3,500,000.00 09/12/20235.50%
3,454,675.00
3,454,675.00
100.83

4.94%
3,529,030.86
75,833.33

0.77%
74,355.86
A1/A
AA3.593.17
69371RS64 PACCAR FINANCIAL CORP 4.95
08/10/2028 1,670,000.00 08/03/2023

4.99%
1,667,361.40
1,667,361.40
100.76

4.72%
1,682,673.85
32,377.13

0.37%
15,312.45
A1/A+
NA

3.61 3.21
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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

96.18 4.80%
2,885,288.34
36,500.00

0.63%
80,018.34
A1/A
WR

3.67 3.34
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

97.10 4.78%
3,184,954.75
16,554.89

0.70%
28,118.75
Aa3/A
NA

3.88 3.52
66815L2Q1

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

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

99.26 4.91%
2,382,285.29
53,694.00

0.52%
(22,270.87)
Aaa/AA+
AAA

4.03 3.54
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
100.05

4.84%
2,141,011.60
47,282.11

0.47%
1,289.80
Aa3/AA+
AA+

4.05 3.55
46647PAM8 JPMORGAN CHASE & CO 3.509
01/23/2029 3,300,000.00 01/18/2024

5.07%
3,116,157.00
3,116,157.00

95.94 5.09%
3,165,955.75
50,822.02

0.69%
49,798.75
A1/A
AA4.062.81
61747YFA8 MORGAN STANLEY 5.123
02/01/2029 2,650,000.00 02/13/20245.31%
2,632,165.50
2,632,165.50
100.27

5.28%
2,657,282.04
56,566.46

0.58%
25,116.54
A1/AA+4.09

2.76 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
100.05

4.83%
2,501,291.40
48,500.00

0.55%
19,516.40
A2/AA4.10

3.61 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

99.46 4.65%
2,695,322.37
48,102.50

0.59%
(12,889.03)
A1/A+
NA

4.11 3.64
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,960,000.00 02/21/20244.86%
1,959,314.00
1,959,314.00
100.50

4.71%
1,969,880.36
33,006.94

0.43%
10,566.36
A1/AANA4.16

3.59 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
100.53

4.71%
2,513,275.03
41,763.89

0.55%
9,125.03
A2/A
A+

4.16 3.66
26442UAH7 DUKE ENERGY PROGRESS LLC

3.45 03/15/2029 1,500,000.00 05/10/20245.07%
1,396,687.88
1,396,687.88

94.79 4.83%
1,421,900.57
15,237.50

0.31%
25,212.69
Aa3/A
NA

4.20 3.81
89115A2Y7 TORONTO-DOMINION BANK

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

4.99%
2,330,000.00
2,330,000.00

99.83 5.04%
2,326,083.67
27,797.16

0.51%
(3,916.33)
A2/AAA4.26

3.75 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
101.26

4.92%
2,025,101.80
23,041.67

0.44%
26,841.80
Aa3/AAAA4.28

3.75 74460DAD1 PUBLIC STORAGE OPERATING CO

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

94.36 4.84%
2,830,890.99
16,925.00

0.62%
68,560.99
A2/A
NA

4.33 3.94
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
101.31

4.82%
1,874,264.23
8,204.24

0.41%
25,799.73
Aa3/AA+
AA+

4.41 3.89
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
100.74

4.81%
2,135,631.93
7,361.11

0.47%
19,702.33
Aaa/AA+
AAA

4.43 3.92
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
100.01

4.75%
3,000,207.00
2,375.00

0.66%
12,597.00
A2/A
A

4.48 3.99
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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

99.81 4.55%
3,767,808.74
77,387.50

0.83%
(1,340.01)
A1/A+
NA

4.54 3.98
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 3,700,000.00 --4.51%
3,722,196.12
3,722,196.12

99.48 4.78%
3,680,789.60
72,165.42

0.81%
(41,406.52)
A2/A
A

4.62 4.03
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

98.74 4.60%
2,251,381.30
38,671.33

0.49%
(25,079.06)
Aa3/AANA4.62

4.07 40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 3,050,000.00 09/23/20244.18%
3,050,000.00
3,050,000.00

97.13 4.86%
2,962,558.12
33,635.15

0.65%
(87,441.88)
Aa1/AA+
NA

4.74 4.19
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 3,445,000.00 12/02/2024

4.61%
3,443,036.35
3,443,036.35

99.27 4.77%
3,419,951.41
11,445.06

0.75%
(23,084.95)
Aaa/AA+
AAA

4.93 4.34
Total Corporate 117,648,000.00 3.94%
116,481,968.81
116,481,968.81

98.31 4.76%
115,603,316.74
1,213,587.19

25.34%
(878,652.07)
A1/A+
AA3.292.88
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 31,442,026.35 --4.43%
31,442,026.35
31,442,026.35

1.00 4.43%
31,442,026.35

0.00 6.89%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 31,442,026.35 4.43%
31,442,026.35
31,442,026.35

1.00 4.43%
31,442,026.35

0.00 6.89%

0.00 NA/NA
NA

0.00 0.00

MONEY MARKET
FUND
60934N807 FEDERATED HRMS GV O SVC 1,496,987.14 --

4.12%
1,496,987.14
1,496,987.14

1.00 0.00%
1,496,987.14

0.00 0.33%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 1,496,987.14 4.12%
1,496,987.14
1,496,987.14

1.00 0.00%
1,496,987.14

0.00 0.33%

0.00 Aaa/
AAAm
AAA

0.00 0.00

MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 4,395,000.00 10/30/20244.37%
4,418,161.65
4,418,161.65

99.82 4.54%
4,386,869.25
30,765.00

0.96%
(31,292.40)
Aa2/AAAA4.58

4.02 Total Municipal
Bonds 4,395,000.00 4.37%
4,418,161.65
4,418,161.65

99.82 4.54%
4,386,869.25
30,765.00

0.96%
(31,292.40)
Aa2/AAAA4.58

4.02 SUPRANATIONAL
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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

96.86 4.44%
6,101,940.47
5,512.50

1.34%
(170,420.38)
Aaa/AAA
NA

0.82 0.80
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

95.62 4.38%
6,110,220.82
11,027.19

1.34%
(250,512.98)
Aaa/AAA
NA

1.30 1.27
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
4,500,000.00 12/12/2024

4.25%
4,426,740.00
4,426,740.00

97.44 4.48%
4,384,648.94
36,328.13

0.96%
(42,091.07)
Aaa/AAA
NA

4.79 4.28
Total
Supranational 17,190,000.00 1.70%
17,059,834.65
17,059,834.65

96.56 4.42%
16,596,810.22
52,867.81

3.64%
(463,024.43)
Aaa/AAA
NA

2.05 1.89

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

99.49 4.36%
6,964,390.30
26,757.60

1.53%
(143,617.51)
Aaa/AA+
AA+

0.16 0.16
91282CAM3 UNITED STATES TREASURY 0.25
09/30/2025 2,000,000.00 03/29/20210.74%
1,956,484.38
1,956,484.38

97.09 4.27%
1,941,863.44
1,277.47

0.43%
(14,620.94)
Aaa/AA+
AA+

0.75 0.73
91282CAT8 UNITED STATES TREASURY 0.25
10/31/2025 6,000,000.00 02/19/2021

0.53%
5,923,125.00
5,923,125.00

96.78 4.26%
5,806,625.82
2,569.06

1.27%
(116,499.18)
Aaa/AA+
AA+

0.83 0.81
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

96.57 4.26%
3,669,501.73
1,252.75

0.80%
(62,365.46)
Aaa/AA+
AA+

0.91 0.89
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

94.43 4.26%
1,482,628.21
4,000.90

0.32%
(76,271.40)
Aaa/AA+
AA+

1.67 1.61
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,130,000.00 10/18/20211.19%
3,083,172.27
3,083,172.27

94.37 4.26%
2,953,753.68
6,997.36

0.65%
(129,418.59)
Aaa/AA+
AA+

1.75 1.69
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 3,120,000.00 11/15/20211.25%
3,100,987.50
3,100,987.50

94.53 4.27%
2,949,456.40
6,011.60

0.65%
(151,531.10)
Aaa/AA+
AA+

1.83 1.77
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

96.27 4.27%
2,310,420.98
5,538.46

0.51%
(40,735.27)
Aaa/AA+
AA+

2.41 2.29
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 6,650,000.00 --3.12%
6,690,380.86
6,690,380.86

97.65 4.25%
6,494,037.62
597.03

1.42%
(196,343.24)
Aaa/AA+
AA+

2.50 2.36
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

96.31 4.28%
1,251,994.98
14,960.60

0.27%
(25,965.96)
Aaa/AA+
AA+

2.58 2.42
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 3,450,000.00 --3.45%
3,399,517.58
3,399,517.58

97.12 4.28%
3,350,646.59
36,632.42

0.73%
(48,870.99)
Aaa/AA+
AA+

2.67 2.49
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 2,800,000.00 --4.37%
2,770,000.01
2,770,000.01

99.61 4.28%
2,788,942.58
29,509.62

0.61%
18,942.57
Aaa/AA+
AA+

2.75 2.54
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 4,600,000.00 --3.74%
4,628,085.94
4,628,085.94

98.87 4.29%
4,548,082.93
15,670.33

1.00%
(80,003.01)
Aaa/AA+
AA+

2.91 2.71
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 7,000,000.00 --3.78%
7,028,945.31
7,028,945.31

98.85 4.29%
6,919,653.44
749.31

1.52%
(109,291.87)
Aaa/AA+
AA+

3.00 2.79
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 7,000,000.00 02/16/20234.05%
6,828,007.81
6,828,007.81

97.71 4.30%
6,839,538.65
102,527.17

1.50%
11,530.84
Aaa/AA+
AA+

3.08 2.84
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 7,000,000.00 02/23/2023

4.16%
6,949,960.94
6,949,960.94

99.09 4.31%
6,936,349.98
95,138.12

1.52%
(13,610.96)
Aaa/AA+
AA+

3.16 2.89
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

97.81 4.32%
6,846,673.68
22,307.69

1.50%
(37,662.26)
Aaa/AA+
AA+

3.42 3.16
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
100.08

4.35%
1,901,510.04
28,244.13

0.42%
21,549.10
Aaa/AA+
AA+

3.67 3.30
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
100.94

4.35%
5,854,232.96
68,536.40

1.28%
90,936.08
Aaa/AA+
AA+

3.75 3.37
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
101.80

4.36%
2,035,968.30
16,698.90

0.45%
28,390.17
Aaa/AA+
AA+

3.84 3.44
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
100.04

4.36%
3,401,376.18
13,076.92

0.75%
(81,498.82)
Aaa/AA+
AA+

3.92 3.54
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 11,000,000.00 --3.99%
10,883,007.81
10,883,007.81

97.76 4.37%
10,753,065.18
1,139.50

2.36%
(129,942.63)
Aaa/AA+
AA+

4.00 3.66
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

98.63 4.37%
4,931,509.65
83,695.65

1.08%
(11,654.41)
Aaa/AA+
AA+

4.08 3.66
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

99.53 4.37%
6,967,281.37
101,084.25

1.53%
(17,953.01)
Aaa/AA+
AA+

4.16 3.72
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

99.02 4.38%
6,931,182.23
73,774.04

1.52%
82,666.60
Aaa/AA+
AA+

4.25 3.81
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 7,000,000.00 --4.48%
7,043,730.48
7,043,730.48
100.96

4.38%
7,067,088.42
55,448.90

1.55%
23,357.94
Aaa/AA+
AA+

4.33 3.86
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
100.48

4.38%
4,421,024.87
17,406.59

0.97%
(24,350.13)
Aaa/AA+
AA+

4.41 3.95
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 4,000,000.00 07/18/20244.09%
4,028,281.25
4,028,281.25

99.45 4.39%
3,977,857.88
469.61

0.87%
(50,423.37)
Aaa/AA+
AA+

4.50 4.05
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 8,000,000.00 09/11/2024

3.45%
8,062,812.50
8,062,812.50

96.82 4.39%
7,745,998.24
98,535.91

1.70%
(316,814.26)
Aaa/AA+
AA+

4.67 4.18
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 8,500,000.00 --3.66%
8,437,500.00
8,437,500.00

96.22 4.39%
8,178,646.79
76,009.62

1.79%
(258,853.21)
Aaa/AA+
AA+

4.75 4.27
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 4,500,000.00 12/16/20244.25%
4,474,160.16
4,474,160.16

98.86 4.38%
4,448,874.56
16,318.68

0.98%
(25,285.61)
Aaa/AA+
AA+

4.91 4.38
Total US Treasury 155,320,000.00 3.48%
154,556,387.56
154,556,387.56

98.32 4.33%
152,670,177.67
1,022,936.60

33.46%
(1,886,209.88)
Aaa/AA+
AA+

3.29 3.00
Total Portfolio 464,702,430.80 3.59%
459,816,492.14
459,816,492.14

91.02 4.48%
456,278,214.12
2,646,011.22
100.00%
(3,538,278.01)
Aa2/AAAA2.81

2.41 Total Market
Value + Accrued 458,924,225.34
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 12/02/2024 90LAIF$00 21,500,000.00 Local Agency Investment Fund State Pool 1.000 4.43% (21,500,000.00) 0.00 (21,500,000.00) 0.00 Purchase 12/03/2024 60934N807 4,795.05 FEDERATED HRMS GV O SVC 1.000 4.29% (4,795.05) 0.00 (4,795.05) 0.00
Purchase 12/03/2024 60934N807 71,390.84 FEDERATED HRMS GV O SVC 1.000 4.29% (71,390.84) 0.00 (71,390.84) 0.00
Purchase 12/03/2024 90LAIF$00 4,600,000.00 Local Agency Investment Fund State Pool 1.000 4.43% (4,600,000.00) 0.00 (4,600,000.00) 0.00 Purchase 12/04/2024 60934N807 2,435,831.36 FEDERATED HRMS GV O SVC 1.000 4.29% (2,435,831.36) 0.00 (2,435,831.36) 0.00 Purchase 12/05/2024 64952WFK4 3,445,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 99.943 4.61% (3,443,036.35) 0.00 (3,443,036.35) 0.00 Purchase 12/06/2024 60934N807 53,000.00 FEDERATED HRMS GV O SVC 1.000 4.28% (53,000.00) 0.00 (53,000.00) 0.00
Purchase 12/09/2024 60934N807 28,756.00 FEDERATED HRMS GV O SVC 1.000 4.28% (28,756.00) 0.00 (28,756.00) 0.00
Purchase 12/09/2024 90LAIF$00 700,000.00 Local Agency Investment Fund State Pool 1.000 4.43% (700,000.00) 0.00 (700,000.00) 0.00 Purchase 12/10/2024 60934N807 571,764.81 FEDERATED HRMS GV O SVC 1.000 4.28% (571,764.81) 0.00 (571,764.81) 0.00
Purchase 12/10/2024 60934N807 13,125.00 FEDERATED HRMS GV O SVC 1.000 4.28% (13,125.00) 0.00 (13,125.00) 0.00
Purchase 12/10/2024 90LAIF$00 1,400,000.00 Local Agency Investment Fund State Pool 1.000 4.43% (1,400,000.00) 0.00 (1,400,000.00) 0.00 Purchase 12/12/2024 90LAIF$00 8,600,000.00 Local Agency Investment Fund State Pool 1.000 4.43% (8,600,000.00) 0.00 (8,600,000.00) 0.00 Purchase 12/13/2024 459058LN1 4,500,000.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 3.875
10/16/2029

98.372 4.25% (4,426,740.00) (27,609.38) (4,454,349.38) 0.00 Purchase 12/16/2024 60934N807 223,005.34 FEDERATED HRMS GV O SVC 1.000 4.28% (223,005.34) 0.00 (223,005.34) 0.00
Purchase 12/16/2024 60934N807 335,803.63 FEDERATED HRMS GV O SVC 1.000 4.28% (335,803.63) 0.00 (335,803.63) 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 12/17/2024 91282CMA6 4,500,000.00 UNITED STATES TREASURY

4.125 11/30/2029 99.426 4.25% (4,474,160.16) (8,669.30) (4,482,829.46) 0.00 Purchase 12/17/2024 60934N807 15,500.00 FEDERATED HRMS GV O SVC 1.000 4.28% (15,500.00) 0.00 (15,500.00) 0.00
Purchase 12/18/2024 60934N807 24,917.34 FEDERATED HRMS GV O SVC 1.000 4.28% (24,917.34) 0.00 (24,917.34) 0.00
Purchase 12/19/2024 60934N807 19,785.00 FEDERATED HRMS GV O SVC 1.000 4.28% (19,785.00) 0.00 (19,785.00) 0.00
Purchase 12/20/2024 60934N807 6,715.05 FEDERATED HRMS GV O SVC 1.000 4.28% (6,715.05) 0.00 (6,715.05) 0.00
Purchase 12/23/2024 60934N807 145.56 FEDERATED HRMS GV O SVC 1.000 4.28% (145.56) 0.00 (145.56) 0.00
Purchase 12/23/2024 60934N807 37,700.60 FEDERATED HRMS GV O SVC 1.000 4.28% (37,700.60) 0.00 (37,700.60) 0.00
Purchase 12/26/2024 60934N807 233,049.09 FEDERATED HRMS GV O SVC 1.000 4.28% (233,049.09) 0.00 (233,049.09) 0.00
Purchase 12/26/2024 60934N807 47,832.03 FEDERATED HRMS GV O SVC 1.000 4.28% (47,832.03) 0.00 (47,832.03) 0.00
Purchase 12/30/2024 60934N807 60,000.00 FEDERATED HRMS GV O SVC 1.000 4.28% (60,000.00) 0.00 (60,000.00) 0.00
Purchase 12/30/2024 90LAIF$00 5,000,000.00 Local Agency Investment Fund State Pool 1.000 4.43% (5,000,000.00) 0.00 (5,000,000.00) 0.00 Purchase 12/31/2024 60934N807 534,937.50 FEDERATED HRMS GV O SVC 1.000 4.12% (534,937.50) 0.00 (534,937.50) 0.00
Total Purchase 58,963,054.20 (58,861,990.71) (36,278.68) (58,898,269.39) 0.00 TOTAL
ACQUISITIONS 58,963,054.20 (58,861,990.71) (36,278.68) (58,898,269.39) 0.00 OTHER
Sale 12/02/2024 60934N807 (8,532,256.46) FEDERATED HRMS GV O SVC 1.000 4.29% 8,532,256.46 0.00 8,532,256.46 0.00
Sale 12/02/2024 60934N807 (10,992,034.44) FEDERATED HRMS GV O SVC 1.000 4.29% 10,992,034.44 0.00 10,992,034.44 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 Sale 12/04/2024 91282CAB7 (2,500,000.00) UNITED STATES TREASURY

0.25 07/31/2025 97.348 0.72% 2,433,691.41 (2,139.95) 2,435,831.36 (15,917.97) Sale 12/04/2024 90LAIF$00 (6,200,000.00) Local Agency Investment Fund State Pool 1.000 4.43% 6,200,000.00 0.00 6,200,000.00 0.00 Sale 12/05/2024 60934N807 (2,435,036.35) FEDERATED HRMS GV O SVC 1.000 4.29% 2,435,036.35 0.00 2,435,036.35 0.00
Sale 12/05/2024 60934N807 (1,008,071.60) FEDERATED HRMS GV O SVC 1.000 4.29% 1,008,071.60 0.00 1,008,071.60 0.00
Sale 12/05/2024 90LAIF$00 (3,400,000.00) Local Agency Investment Fund State Pool 1.000 4.43% 3,400,000.00 0.00 3,400,000.00 0.00 Sale 12/10/2024 60934N807 (571,764.81) FEDERATED HRMS GV O SVC 1.000 4.28% 571,764.81 0.00 571,764.81 0.00
Sale 12/11/2024 90LAIF$00 (1,100,000.00) Local Agency Investment Fund State Pool 1.000 4.43% 1,100,000.00 0.00 1,100,000.00 0.00 Sale 12/13/2024 91282CAB7 (1,725,000.00) UNITED STATES TREASURY

0.25 07/31/2025 97.492 0.72% 1,681,740.23 (1,582.03) 1,683,322.26 (8,490.24) Sale 12/13/2024 91282CAM3 (1,200,000.00) UNITED STATES TREASURY

0.25 09/30/2025 96.863 0.74% 1,162,359.38 (609.89) 1,162,969.27 (11,531.25) Sale 12/13/2024 3137EAEP0 (825,000.00)

FEDERAL HOME LOAN
MORTGAGE CORP 1.5
02/12/2025

99.528 1.52% 821,104.35 (4,159.38) 825,263.73 (3,260.40) Sale 12/13/2024 60934N807 (781,999.11) FEDERATED HRMS GV O SVC 1.000 4.28% 781,999.11 0.00 781,999.11 0.00
Sale 12/13/2024 60934N807 (795.01) FEDERATED HRMS GV O
SVC 1.000 4.28% 795.01 0.00 795.01 0.00
Sale 12/17/2024 3135G03U5 (4,300,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.625 04/22/2025

98.713 0.67% 4,244,659.00 (4,105.90) 4,248,764.90 (46,483.00) Sale 12/17/2024 60934N807 (234,064.56) FEDERATED HRMS GV O SVC 1.000 4.28% 234,064.56 0.00 234,064.56 0.00
Sale 12/17/2024 90LAIF$00 (4,800,000.00) Local Agency Investment Fund State Pool 1.000 4.43% 4,800,000.00 0.00 4,800,000.00 0.00 Sale 12/18/2024 90LAIF$00 (2,500,000.00) Local Agency Investment Fund State Pool 1.000 4.43% 2,500,000.00 0.00 2,500,000.00 0.00 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 Sale 12/19/2024 90LAIF$00 (6,600,000.00) Local Agency Investment Fund State Pool 1.000 4.43% 6,600,000.00 0.00 6,600,000.00 0.00 Sale 12/23/2024 90LAIF$00 (2,000,000.00) Local Agency Investment Fund State Pool 1.000 4.43% 2,000,000.00 0.00 2,000,000.00 0.00 Sale 12/24/2024 90LAIF$00 (10,000,000.00) Local Agency Investment Fund State Pool 1.000 4.43% 10,000,000.00 0.00 10,000,000.00 0.00 Total Sale (71,706,022.34) 71,499,576.71 (12,597.15) 71,512,173.86 (85,682.85)

TOTAL OTHER
TRANSACTIONS (71,706,022.34) 71,499,576.71 (12,597.15) 71,512,173.86 (85,682.85) OTHER
Cash Transfer 12/02/2024 CCYUSD 1,500,000.00 Cash 0.00% 1,500,000.00 0.00 1,500,000.00 0.00 Cash Transfer 12/03/2024 CCYUSD 4,600,000.00 Cash 0.00% 4,600,000.00 0.00 4,600,000.00 0.00 Cash Transfer 12/04/2024 CCYUSD (6,200,000.00) Cash 0.00% (6,200,000.00) 0.00 (6,200,000.00) 0.00 Cash Transfer 12/05/2024 CCYUSD (3,400,000.00) Cash 0.00% (3,400,000.00) 0.00 (3,400,000.00) 0.00 Cash Transfer 12/09/2024 CCYUSD 700,000.00 Cash 0.00% 700,000.00 0.00 700,000.00 0.00 Cash Transfer 12/10/2024 CCYUSD 1,400,000.00 Cash 0.00% 1,400,000.00 0.00 1,400,000.00 0.00 Cash Transfer 12/11/2024 CCYUSD (1,102,880.89) Cash 0.00% (1,102,880.89) 0.00 (1,102,880.89) 0.00 Cash Transfer 12/12/2024 CCYUSD 8,600,000.00 Cash 0.00% 8,600,000.00 0.00 8,600,000.00 0.00 Cash Transfer 12/17/2024 CCYUSD (4,800,000.00) Cash 0.00% (4,800,000.00) 0.00 (4,800,000.00) 0.00 Cash Transfer 12/18/2024 CCYUSD (2,500,000.00) Cash 0.00% (2,500,000.00) 0.00 (2,500,000.00) 0.00 Cash Transfer 12/19/2024 CCYUSD (6,600,000.00) Cash 0.00% (6,600,000.00) 0.00 (6,600,000.00) 0.00 Cash Transfer 12/23/2024 CCYUSD (2,000,000.00) Cash 0.00% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Cash Transfer 12/24/2024 CCYUSD (10,000,000.00) Cash 0.00% (10,000,000.00) 0.00 (10,000,000.00) 0.00 Cash Transfer 12/30/2024 CCYUSD 5,000,000.00 Cash 0.00% 5,000,000.00 0.00 5,000,000.00 0.00 Total Cash
Transfer (14,802,880.89) (14,802,880.89) 0.00 (14,802,880.89) 0.00 Coupon 12/01/2024 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 12/01/2024 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 12/01/2024 3137F4D41 0.00 FHMS K-074 A2 3.6
01/25/2028 4.22% 9,000.00 0.00 9,000.00 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 12/01/2024 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.30% 17,068.33 0.00 17,068.33 0.00
Coupon 12/01/2024 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 12/01/2024 3137FGR31 0.00 FHMS K-078 A2 3.854
06/25/2028 4.47% 6,413.70 0.00 6,413.70 0.00
Coupon 12/01/2024 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 12/01/2024 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 12/01/2024 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 12/01/2024 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.87% 8,166.67 0.00 8,166.67 0.00
Coupon 12/01/2024 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 12/01/2024 3137FLYV0 0.00 FHMS K-092 A2 3.298
04/25/2029 4.94% 8,245.00 0.00 8,245.00 0.00
Coupon 12/01/2024 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 5.00% 15,066.66 0.00 15,066.66 0.00
Coupon 12/01/2024 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 5.06% 10,231.00 0.00 10,231.00 0.00
Coupon 12/06/2024 64952WFG3 0.00 NEW YORK LIFE GLOBAL
FUNDING 5.0 06/06/2029 5.04% 53,000.00 0.00 53,000.00 0.00 Coupon 12/08/2024 89115A2C5 0.00 TORONTO-DOMINION
BANK 4.108 06/08/2027 4.18% 28,756.00 0.00 28,756.00 0.00 Coupon 12/10/2024 40139LBC6 0.00

GUARDIAN LIFE GLOBAL
FUNDING 0.875
12/10/2025

1.12% 13,125.00 0.00 13,125.00 0.00
Coupon 12/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 84.96 0.00 84.96 0.00
Coupon 12/15/2024 89238JAC9 0.00 TAOT 2021-D A3 0.71
04/15/2026 0.71% 116.80 0.00 116.80 0.00
Coupon 12/15/2024 44935FAD6 0.00 HART 2021-C A3 0.74
05/15/2026 0.75% 66.14 0.00 66.14 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 12/15/2024 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.88% 933.67 0.00 933.67 0.00
Coupon 12/15/2024 448977AD0 0.00 HART 2022-A A3 2.22
10/15/2026 2.22% 934.93 0.00 934.93 0.00
Coupon 12/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.33% 649.61 0.00 649.61 0.00
Coupon 12/15/2024 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 12/15/2024 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 8,329.75 0.00 8,329.75 0.00
Coupon 12/15/2024 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 12/15/2024 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 12/15/2024 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 12/15/2024 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.01% 7,849.00 0.00 7,849.00 0.00
Coupon 12/15/2024 74340XCG4 0.00 PROLOGIS LP 4.875
06/15/2028 5.11% 97,500.00 0.00 97,500.00 0.00
Coupon 12/15/2024 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 12/15/2024 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 12/15/2024 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 12/15/2024 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 12/15/2024 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 12/15/2024 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 12/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 108.83 0.00 108.83 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 Coupon 12/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 215.84 0.00 215.84 0.00
Coupon 12/16/2024 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 12/17/2024 3135G04Z3 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 06/17/2025

0.51% 15,500.00 0.00 15,500.00 0.00
Coupon 12/18/2024 89236TJK2 0.00 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026 1.13% 18,703.13 0.00 18,703.13 0.00 Coupon 12/18/2024 437930AC4 0.00 HONDO-242-A3 5.27
11/20/2028 5.27% 6,214.21 0.00 6,214.21 0.00
Coupon 12/19/2024 06051GJD2 0.00 BANK OF AMERICA CORP

1.319 06/19/2026 1.25% 19,785.00 0.00 19,785.00 0.00
Coupon 12/20/2024 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 12/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 145.56 0.00 145.56 0.00
Coupon 12/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 1,061.68 0.00 1,061.68 0.00
Coupon 12/25/2024 437076DC3 0.00 HOME DEPOT INC 4.75
06/25/2029 4.84% 71,250.00 0.00 71,250.00 0.00
Coupon 12/25/2024 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 12/25/2024 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 8,007.42 0.00 8,007.42 0.00
Coupon 12/30/2024 3130AWN63 0.00 FEDERAL HOME LOAN
BANKS 4.0 06/30/2028 4.53% 60,000.00 0.00 60,000.00 0.00 Coupon 12/31/2024 91282CEW7 0.00 UNITED STATES TREASURY

3.25 06/30/2027 3.12% 108,062.50 0.00 108,062.50 0.00
Coupon 12/31/2024 91282CGC9 0.00 UNITED STATES TREASURY

3.875 12/31/2027 3.78% 135,625.00 0.00 135,625.00 0.00
Coupon 12/31/2024 91282CJR3 0.00 UNITED STATES TREASURY

3.75 12/31/2028 3.99% 206,250.00 0.00 206,250.00 0.00
Coupon 12/31/2024 91282CKX8 0.00 UNITED STATES TREASURY

4.25 06/30/2029 4.09% 85,000.00 0.00 85,000.00 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 24

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Total Coupon 0.00 1,212,935.88 0.00 1,212,935.88 0.00
Dividend 12/10/2024 60934N807 0.00 FEDERATED HRMS GV O
SVC 4.28% 2,880.89 0.00 2,880.89 0.00
Dividend 12/31/2024 60934N807 0.00 FEDERATED HRMS GV O
SVC 4.21% 5,770.75 0.00 5,770.75 0.00
Total Dividend 0.00 8,651.64 0.00 8,651.64 0.00
Principal
Paydown 12/15/2024 47789QAC4 32,574.80 JDOT 2021-B A3 0.52 03/16/2026 0.52% 32,574.80 -- 32,574.80 2.91
Principal
Paydown 12/15/2024 89238JAC9 36,277.57 TAOT 2021-D A3 0.7104/15/2026 0.71% 36,277.57 -- 36,277.57 0.77 Principal
Paydown 12/15/2024 44935FAD6 30,973.43 HART 2021-C A3 0.7405/15/2026 0.75% 30,973.43 -- 30,973.43 6.92 Principal
Paydown 12/15/2024 43815BAC4 75,522.70 HAROT 2022-1 A3 1.8805/15/2026 1.88% 75,522.70 -- 75,522.70 11.36 Principal
Paydown 12/15/2024 448977AD0 63,846.41 HART 2022-A A3 2.2210/15/2026 2.22% 63,846.41 -- 63,846.41 2.46 Principal
Paydown 12/15/2024 47787JAC2 40,317.56 JDOT 2022 A3 0.3609/15/2026 2.33% 40,317.56 -- 40,317.56 8.91 Principal
Paydown 12/16/2024 362554AC1 28,374.91 GMCAR 2021-4 A3 0.6809/16/2026 0.68% 28,374.91 -- 28,374.91 0.73 Principal
Paydown 12/16/2024 380146AC4 27,916.25 GMCAR 2022-1 A3 1.2611/16/2026 1.26% 27,916.25 -- 27,916.25 2.43 Principal
Paydown 12/21/2024 43815GAC3 37,700.60 HAROT 2021-4 A3 0.8801/21/2026 0.89% 37,700.60 -- 37,700.60 7.95 Principal
Paydown 12/25/2024 05602RAD3 47,832.03 BMWOT 2022-A A3 3.2108/25/2026 3.21% 47,832.03 -- 47,832.03 2.49 Total Principal
Paydown 421,336.26 421,336.26 -- 421,336.26 46.92

TOTAL OTHER
TRANSACTIONS (14,381,544.63) (13,159,957.11) 0.00 (13,159,957.11) 46.92 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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

CASH & EQUIVALENTS
60934N807 FEDERATED HRMS GV O SVC
1,496,987.14
21,334,955.28
4,718,054.20
(24,556,022.34)
1,496,987.14

0.00 79,066.78

0.00 79,066.78

0.00 0.00

0.00 79,066.78
79,066.78
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 Receivable
305,696.51
702,323.17

0.00 0.00
305,696.51

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 1,802,683.65
22,037,278.45
4,718,054.20
(24,556,022.34)
1,802,683.65

0.00 79,066.78

0.00 79,066.78

0.00 0.00

0.00 79,066.78 79,066.78

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
2,567.64

0.00 6,621.81
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
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
3,850.00

0.00 9,350.00
5,500.00

0.00 0.00

0.00 5,500.00
5,500.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
349,057.79
396,869.18

0.00 (47,829.54)
349,039.64
212.34
1,061.68
186.75
1,036.09

0.00 0.00

0.00 1,036.09
1,036.09
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
17,806.50
19,785.00
1,319.00
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
4,256.54

0.00 8,513.08
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 STATE 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
14,283.75

0.00 30,765.00
16,481.25

0.00 0.00

0.00 16,481.25
16,481.25
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
31,659.72

0.00 41,763.89
10,104.17

0.00 0.00

0.00 10,104.17
10,104.17
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
57,827.92

0.00 72,165.42
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
25,085.28

0.00 33,006.94
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
2,708.33

0.00 8,958.33
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
42,347.57

0.00 52,045.49
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
5,758.22

0.00 16,554.89
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
10,925.00

0.00 15,237.50
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
30,501.33

0.00 38,671.33
8,170.00

0.00 0.00

0.00 8,170.00
8,170.00
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
50,333.33
60,000.00
333.33
10,000.00

0.00 0.00

0.00 10,000.00
10,000.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
3135G03U5

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.625 04/22/2025
04/22/2020
04/24/2020
970,000.00
5,259,143.80

0.00 (4,291,142.00)
968,001.80
3,568.23
4,105.90
1,161.98
1,699.65

0.00 0.00

0.00 1,699.65
1,699.65
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
14,122.22
15,500.00
1,205.56
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
6,285.00

0.00 8,249.06
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
2,100.00

0.00 4,725.00
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
27,430.00

0.00 33,144.58
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

0.00 824,364.75

0.00 (824,364.75)

0.00 3,746.88
4,159.38

0.00 412.51

0.00 0.00

0.00 412.51
412.51
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
8,531.25

0.00 10,500.00
1,968.75

0.00 0.00

0.00 1,968.75
1,968.75
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
4,458.96

0.00 6,426.15
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
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
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
163,675.68
192,045.69

0.00 (28,374.18)
163,671.51

54.41 108.83

46.37 100.79

0.00 0.00

0.00 100.79
100.79
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
177,645.91
205,544.29

0.00 (27,913.82)
177,630.47
107.92
215.84

93.26 201.18

0.00 0.00

0.00 201.18
201.18
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
12,468.75
13,125.00
1,531.25
2,187.50

0.00 0.00

0.00 2,187.50
2,187.50
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
23,013.52

0.00 33,635.15
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
61,750.00
71,250.00
2,375.00
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
520,436.53
595,869.60

0.00 (75,511.34)
520,358.26
497.96
933.67
434.85
870.57

0.00 0.00

0.00 870.57
870.57
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
160,794.36
198,453.11

0.00 (37,692.65)
160,760.46

48.52 145.56

39.31 136.34

0.00 0.00

0.00 136.34
136.34
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
441,519.23
505,346.18

0.00 (63,843.95)
441,502.23
498.63
934.93
435.63
871.93

0.00 0.00

0.00 871.93
871.93
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
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
44935FAD6 HART 2021-C A3 0.74
05/15/2026
11/09/2021
11/17/2021
76,280.61
107,230.09

0.00 (30,966.51)
76,263.58

35.27 66.14

25.09 55.95

0.00 0.00

0.00 55.95

55.95 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
6,367.81

0.00 11,027.19
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
2,887.50

0.00 5,512.50
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/12/2024
12/13/2024
4,500,000.00

0.00 4,426,740.00

0.00 4,426,740.00

0.00 (27,609.38)
36,328.13
8,718.75

0.00 0.00

0.00 8,718.75
8,718.75
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
41,172.27

0.00 50,822.02
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
2,256.58

0.00 3,992.42
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
295,689.86
335,933.10

0.00 (40,308.65)
295,624.45
346.46
649.61
304.89
608.04

0.00 0.00

0.00 608.04
608.04
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
163,484.02
196,041.34

0.00 (32,571.89)
163,469.44

45.31 84.96

37.78 77.43

0.00 0.00

0.00 77.43

77.43 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
37,940.00

0.00 48,102.50
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
264.65
47,637.50
8,204.24
55,577.08

0.00 0.00

0.00 55,577.08
55,577.08
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
38,632.94

0.00 47,282.11
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
10,224.00

0.00 12,496.00
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
23,207.71

0.00 31,698.33
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
3,110.63

0.00 9,776.25
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
4,585.24

0.00 6,371.70
1,786.46

0.00 0.00

0.00 1,786.46
1,786.46
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
14,291.67

0.00 23,041.67
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
18,119.79

0.00 22,002.60
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
45,253.17

0.00 56,566.46
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
38,395.83

0.00 48,500.00
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
51,527.78
53,000.00
7,361.11
8,833.33

0.00 0.00

0.00 8,833.33
8,833.33
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
3,445,000.00

0.00 3,443,036.35

0.00 3,443,036.35

0.00 0.00
11,445.06
11,445.06

0.00 0.00

0.00 11,445.06
11,445.06
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
3,138.33

0.00 7,621.67
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
44,274.00

0.00 53,694.00
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
25,488.38

0.00 32,377.13
6,888.75

0.00 0.00

0.00 6,888.75
6,888.75
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
63,231.25

0.00 77,387.50
14,156.25

0.00 0.00

0.00 14,156.25
14,156.25
74340XCG4 PROLOGIS LP 4.875
06/15/2028 4,000,000.00
3,959,713.70

0.00 0.00
3,959,713.70
89,916.67
97,500.00
8,666.67
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
27,375.00

0.00 36,500.00
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
8,462.50

0.00 16,925.00
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
62,050.00

0.00 75,737.50
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
60,666.67

0.00 75,833.33
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
7,785.56

0.00 10,439.72
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
28,631.94

0.00 39,934.03
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
11,970.00

0.00 16,403.33
4,433.33

0.00 0.00

0.00 4,433.33
4,433.33
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
27,637.71
28,756.00
3,674.38
4,792.67

0.00 0.00

0.00 4,792.67
4,792.67
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
18,100.48

0.00 27,797.16
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
16,936.72
18,703.13
1,350.78
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
161,136.81
197,410.18

0.00 (36,276.80)
161,133.38

62.30 116.80

50.85 105.35

0.00 0.00

0.00 105.35
105.35
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
20,013.81

0.00 26,757.60
6,743.78

0.00 0.00

0.00 6,743.78
6,743.78
91282CAB7 UNITED STATES TREASURY

0.25 07/31/2025
03/12/2021
03/15/2021

0.00 4,139,839.84

0.00 (4,139,839.84)

0.00 3,530.40
3,721.98

0.00 191.58

0.00 0.00

0.00 191.58
191.58
91282CAM3 UNITED STATES TREASURY

0.25 09/30/2025
03/29/2021
03/30/2021
2,000,000.00
3,130,375.00

0.00 (1,173,890.63)
1,956,484.38
1,362.64
609.89
1,277.47
524.73

0.00 0.00

0.00 524.73
524.73
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
1,284.53

0.00 2,569.06
1,284.53

0.00 0.00

0.00 1,284.53
1,284.53
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

39.15 7,125.00
1,252.75
8,338.60

0.00 0.00

0.00 8,338.60
8,338.60
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
2,992.54

0.00 4,000.90
1,008.36

0.00 0.00

0.00 1,008.36
1,008.36
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
4,664.90

0.00 6,997.36
2,332.45

0.00 0.00

0.00 2,332.45
2,332.45
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
3,005.80

0.00 6,011.60
3,005.80

0.00 0.00

0.00 3,005.80
3,005.80
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
173.08
31,500.00
5,538.46
36,865.38

0.00 0.00

0.00 36,865.38
36,865.38
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
90,443.61
108,062.50
597.03
18,215.92

0.00 0.00

0.00 18,215.92
18,215.92
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
11,949.05

0.00 14,960.60
3,011.55

0.00 0.00

0.00 3,011.55
3,011.55
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
27,399.86

0.00 36,632.42
9,232.56

0.00 0.00

0.00 9,232.56
9,232.56
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
19,673.08

0.00 29,509.62
9,836.54

0.00 0.00

0.00 9,836.54
9,836.54
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
489.70
89,125.00
15,670.33
104,305.63

0.00 0.00

0.00 104,305.63
104,305.63
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
113,512.23
135,625.00
749.31
22,862.08

0.00 0.00

0.00 22,862.08
22,862.08
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
81,888.59

0.00 102,527.17
20,638.59

0.00 0.00

0.00 20,638.59
20,638.59
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
71,160.22

0.00 95,138.12
23,977.90

0.00 0.00

0.00 23,977.90
23,977.90
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
697.12
126,875.00
22,307.69
148,485.58

0.00 0.00

0.00 148,485.58
148,485.58
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
21,125.69

0.00 28,244.13
7,118.44

0.00 0.00

0.00 7,118.44
7,118.44
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
45,690.93

0.00 68,536.40
22,845.47

0.00 0.00

0.00 22,845.47
22,845.47
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
8,349.45

0.00 16,698.90
8,349.45

0.00 0.00

0.00 8,349.45
8,349.45
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
408.65
74,375.00
13,076.92
87,043.27

0.00 0.00

0.00 87,043.27
87,043.27
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
172,622.28
206,250.00
1,139.50
34,767.22

0.00 0.00

0.00 34,767.22
34,767.22
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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
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
66,847.83

0.00 83,695.65
16,847.83

0.00 0.00

0.00 16,847.83
16,847.83
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
75,607.73

0.00 101,084.25
25,476.52

0.00 0.00

0.00 25,476.52
25,476.52
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
49,182.69

0.00 73,774.04
24,591.35

0.00 0.00

0.00 24,591.35
24,591.35
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
27,724.45

0.00 55,448.90
27,724.45

0.00 0.00

0.00 27,724.45
27,724.45
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
543.96
99,000.00
17,406.59
115,862.64

0.00 0.00

0.00 115,862.64
115,862.64
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
71,141.30
85,000.00
469.61
14,328.31

0.00 0.00

0.00 14,328.31
14,328.31
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
73,701.66

0.00 98,535.91
24,834.25

0.00 0.00

0.00 24,834.25
24,834.25
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
50,673.08

0.00 76,009.62
25,336.54

0.00 0.00

0.00 25,336.54
25,336.54
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/16/2024
12/17/2024
4,500,000.00

0.00 4,474,160.16

0.00 4,474,160.16

0.00 (8,669.30)
16,318.68
7,649.38

0.00 0.00

0.00 7,649.38
7,649.38
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 40

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
91324PEC2 UNITEDHEALTH GROUP INC

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

0.00 0.00
807,605.05
411.44

0.00 1,182.90
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
2,244.67

0.00 6,453.42
4,208.75

0.00 0.00

0.00 4,208.75
4,208.75
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
23,187.50

0.00 29,750.00
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
4,442.53
8,329.75
4,442.53
8,329.75

0.00 0.00

0.00 8,329.75
8,329.75
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
1,694.29

0.00 2,381.17
686.88

0.00 0.00

0.00 686.88
686.88
Total Fixed Income 431,457,720.79
425,078,372.19
12,343,936.51
(10,850,526.56)
426,571,782.13
2,667,155.89
1,664,891.85
2,646,011.22
1,643,747.18

0.00 0.00

0.00 1,643,747.18 1,643,747.18
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 31,442,026.35
26,242,026.35
41,800,000.00
(36,600,000.00)
31,442,026.35

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total LAIF 31,442,026.35
26,242,026.35
41,800,000.00
(36,600,000.00)
31,442,026.35

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 41

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
TOTAL PORTFOLIO 464,702,430.80
473,357,676.99
58,861,990.71
(72,006,548.90)
459,816,492.14
2,667,155.89
1,743,958.63
2,646,011.22
1,722,813.96

0.00 0.00

0.00 1,722,813.96 1,722,813.96
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 JANUARY 2025
01/03/2025 Dividend 60934N807 0.00 5,770.75 5,770.75
01/07/2025 Maturity 3135G0X24 (4,220,000.00) FEDERAL NATIONAL MORTGAGE ASSOCIATION

1.625 01/07/2025 4,220,000.00 4,220,000.00
01/07/2025 Coupon 3135G0X24 0.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

1.625 01/07/2025 34,287.50 34,287.50
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 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 815.35 815.35 01/15/2025 Principal Paydown 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 69,565.96 69,565.96 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 441,519.23 HART 2022-A A3 2.22 10/15/2026 830.72 830.72 01/15/2025 Principal Paydown 448977AD0 441,519.23 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 76,280.61 HART 2021-C A3 0.74 05/15/2026 51.33 51.33 01/15/2025 Principal Paydown 44935FAD6 76,280.61 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 553.45 553.45 01/15/2025 Principal Paydown 47787JAC2 295,689.86 JDOT 2022 A3 0.36 09/15/2026 42,866.67 42,866.67 01/15/2025 Coupon 47789QAC4 163,484.02 JDOT 2021-B A3 0.52 03/16/2026 72.60 72.60 01/15/2025 Principal Paydown 47789QAC4 163,484.02 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 53,219.54 53,219.54 01/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 756109AU8 4,500,000.00 REALTY INCOME CORP 3.65 01/15/2028 82,125.00 82,125.00 01/15/2025 Coupon 89238JAC9 161,136.81 TAOT 2021-D A3 0.71 04/15/2026 93.57 93.57 01/15/2025 Principal Paydown 89238JAC9 161,136.81 TAOT 2021-D A3 0.71 04/15/2026 34,637.08 34,637.08 01/15/2025 Dividend 90LAIF$00 31,442,026.35 Local Agency Investment Fund State Pool 302,758.35 302,758.35 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 163,675.68 GMCAR 2021-4 A3 0.68 09/16/2026 102.29 102.29 01/16/2025 Principal Paydown 362554AC1 163,675.68 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 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 188.41 188.41 01/16/2025 Principal Paydown 380146AC4 177,645.91 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 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 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 117.92 117.92 01/21/2025 Principal Paydown 43815GAC3 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 34,143.42 34,143.42 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 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 944.59 944.59 01/27/2025 Principal Paydown 05602RAD3 349,057.79 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 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 01/27/2025 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 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 4,999,123.47 1,014,799.39 6,013,922.85 FEBRUARY 2025
02/03/2025 Coupon 13063EGT7 4,395,000.00 CALIFORNIA STATE 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 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 02/17/2025 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 163,675.68 GMCAR 2021-4 A3 0.68 09/16/2026 87.74 87.74 02/17/2025 Principal Paydown 362554AC1 163,675.68 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 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 161.61 161.61 02/17/2025 Principal Paydown 380146AC4 177,645.91 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 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 706.36 706.36 02/17/2025 Principal Paydown 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 68,315.43 68,315.43 02/17/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 02/17/2025 Coupon 448977AD0 441,519.23 HART 2022-A A3 2.22 10/15/2026 723.51 723.51 02/17/2025 Principal Paydown 448977AD0 441,519.23 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 76,280.61 HART 2021-C A3 0.74 05/15/2026 33.95 33.95 02/17/2025 Principal Paydown 44935FAD6 76,280.61 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 470.58 470.58 02/17/2025 Principal Paydown 47787JAC2 295,689.86 JDOT 2022 A3 0.36 09/15/2026 32,427.22 32,427.22 02/17/2025 Coupon 47789QAC4 163,484.02 JDOT 2021-B A3 0.52 03/16/2026 49.26 49.26 02/17/2025 Principal Paydown 47789QAC4 163,484.02 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 7,626.81 7,626.81 02/17/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 98,343.71 98,343.71 02/17/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 02/17/2025 Coupon 89238JAC9 161,136.81 TAOT 2021-D A3 0.71 04/15/2026 73.08 73.08 02/17/2025 Principal Paydown 89238JAC9 161,136.81 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 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 92.88 92.88 02/21/2025 Principal Paydown 43815GAC3 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 33,517.08 33,517.08 02/25/2025 Coupon 05602RAD3 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 824.38 824.38 02/25/2025 Principal Paydown 05602RAD3 349,057.79 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
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 02/25/2025 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 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 7,490,706.62 1,545,764.80 9,036,471.41
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 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 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 163,675.68 GMCAR 2021-4 A3 0.68 09/16/2026 73.39 73.39 03/17/2025 Principal Paydown 362554AC1 163,675.68 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 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 135.29 135.29 03/17/2025 Principal Paydown 380146AC4 177,645.91 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 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 599.34 599.34 03/17/2025 Principal Paydown 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 66,220.78 66,220.78 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 441,519.23 HART 2022-A A3 2.22 10/15/2026 618.26 618.26 03/17/2025 Principal Paydown 448977AD0 441,519.23 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 76,280.61 HART 2021-C A3 0.74 05/15/2026 16.90 16.90 03/17/2025 Principal Paydown 44935FAD6 76,280.61 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 407.89 407.89 03/17/2025 Principal Paydown 47787JAC2 295,689.86 JDOT 2022 A3 0.36 09/15/2026 26,493.04 26,493.04 03/17/2025 Coupon 47789QAC4 163,484.02 JDOT 2021-B A3 0.52 03/16/2026 28.44 28.44 03/17/2025 Principal Paydown 47789QAC4 163,484.02 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 7,216.22 7,216.22 03/17/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 89,895.34 89,895.34 03/17/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 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 161,136.81 TAOT 2021-D A3 0.71 04/15/2026 52.99 52.99 03/17/2025 Principal Paydown 89238JAC9 161,136.81 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 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 68.30 68.30 03/21/2025 Principal Paydown 43815GAC3 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 32,491.02 32,491.02 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 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 714.25 714.25 03/25/2025 Principal Paydown 05602RAD3 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 39,859.03 39,859.03 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
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 03/31/2025 Coupon 91282CAM3 2,000,000.00 UNITED STATES TREASURY 0.25 09/30/2025 2,500.00 2,500.00 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 458,128.46 1,131,616.89 1,589,745.35
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 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 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 495.59 495.59 04/15/2025 Principal Paydown 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 67,098.87 67,098.87 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 441,519.23 HART 2022-A A3 2.22 10/15/2026 516.44 516.44 04/15/2025 Principal Paydown 448977AD0 441,519.23 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 76,280.61 HART 2021-C A3 0.74 05/15/2026 0.39 0.39 04/15/2025 Effective Maturity 44935FAD6 76,280.61 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 356.67 356.67 04/15/2025 Principal Paydown 47787JAC2 295,689.86 JDOT 2022 A3 0.36 09/15/2026 33,689.12 33,689.12 04/15/2025 Coupon 47789QAC4 163,484.02 JDOT 2021-B A3 0.52 03/16/2026 10.97 10.97 04/15/2025 Effective Maturity 47789QAC4 163,484.02 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 6,840.91 6,840.91 04/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 110,483.31 110,483.31 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 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 161,136.81 TAOT 2021-D A3 0.71 04/15/2026 33.51 33.51 04/15/2025 Principal Paydown 89238JAC9 161,136.81 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 163,675.68 GMCAR 2021-4 A3 0.68 09/16/2026 59.41 59.41 04/16/2025 Principal Paydown 362554AC1 163,675.68 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 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 110.63 110.63 04/16/2025 Principal Paydown 380146AC4 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 24,208.45 24,208.45 04/16/2025 Coupon 459058LN1 4,500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 87,187.50 87,187.50
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 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 44.47 44.47 04/21/2025 Principal Paydown 43815GAC3 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 32,701.23 32,701.23 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 970,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.625 04/22/2025 3,031.25 3,031.25
04/22/2025 Final Maturity 3135G03U5 970,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.625 04/22/2025 970,000.00 970,000.00
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 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 607.63 607.63 04/25/2025 Principal Paydown 05602RAD3 349,057.79 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 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 04/25/2025 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 April 2025 Total 2,420,056.00 787,984.49 3,208,040.50
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 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 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 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 390.47 390.47 05/15/2025 Principal Paydown 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 64,549.59 64,549.59 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 441,519.23 HART 2022-A A3 2.22 10/15/2026 411.95 411.95 05/15/2025 Principal Paydown 448977AD0 441,519.23 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 291.53 291.53 05/15/2025 Principal Paydown 47787JAC2 295,689.86 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 6,379.64 6,379.64 05/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 106,714.48 106,714.48 05/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 05/15/2025 Coupon 89238JAC9 161,136.81 TAOT 2021-D A3 0.71 04/15/2026 13.77 13.77 05/15/2025 Effective Maturity 89238JAC9 161,136.81 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 163,675.68 GMCAR 2021-4 A3 0.68 09/16/2026 45.04 45.04 05/16/2025 Principal Paydown 362554AC1 163,675.68 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 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 85.21 85.21 05/16/2025 Principal Paydown 380146AC4 177,645.91 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 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 20.49 20.49 05/21/2025 Effective Maturity 43815GAC3 160,794.36 HAROT 2021-4 A3 0.88 01/21/2026 27,941.62 27,941.62 05/26/2025 Coupon 05602RAD3 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 498.70 498.70 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 05/26/2025 Principal Paydown 05602RAD3 349,057.79 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 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 5,920,474.69 692,431.33 6,612,906.02
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 06/02/2025 Coupon 91282CMA6 4,500,000.00 UNITED STATES TREASURY 4.125 11/30/2029 92,812.50 92,812.50 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
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 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 163,675.68 GMCAR 2021-4 A3 0.68 09/16/2026 31.15 31.15 06/16/2025 Principal Paydown 362554AC1 163,675.68 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 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 60.85 60.85 06/16/2025 Principal Paydown 380146AC4 177,645.91 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 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 289.34 289.34 06/16/2025 Principal Paydown 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 62,966.69 62,966.69 06/16/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 06/16/2025 Coupon 448977AD0 441,519.23 HART 2022-A A3 2.22 10/15/2026 311.60 311.60 06/16/2025 Principal Paydown 448977AD0 441,519.23 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 231.75 231.75 06/16/2025 Principal Paydown 47787JAC2 295,689.86 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 5,934.11 5,934.11 06/16/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 96,038.78 96,038.78 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 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 06/18/2025 Coupon 89236TJK2 3,325,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 18,703.13 18,703.13
06/20/2025 Coupon 06051GJD2 3,000,000.00 BANK OF AMERICA CORP 1.319 06/19/2026 19,785.00 19,785.00 06/20/2025 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 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 394.09 394.09 06/25/2025 Principal Paydown 05602RAD3 349,057.79 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 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 9,520,109.37 1,800,258.67 11,320,368.03 JULY 2025
07/09/2025 Coupon 89236TNA9 3,655,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 90,461.25 90,461.25 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 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 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 190.69 190.69 07/15/2025 Principal Paydown 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 61,326.09 61,326.09 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 441,519.23 HART 2022-A A3 2.22 10/15/2026 213.41 213.41 07/15/2025 Principal Paydown 448977AD0 441,519.23 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 183.38 183.38 07/15/2025 Principal Paydown 47787JAC2 295,689.86 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 5,533.15 5,533.15 07/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 98,675.50 98,675.50 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 163,675.68 GMCAR 2021-4 A3 0.68 09/16/2026 17.86 17.86 07/16/2025 Principal Paydown 362554AC1 163,675.68 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 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 36.99 36.99 07/16/2025 Principal Paydown 380146AC4 177,645.91 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
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 07/17/2025 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 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 295.58 295.58 07/25/2025 Principal Paydown 05602RAD3 349,057.79 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 63,515.10 63,515.10 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 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 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 6,685,015.98 1,058,013.83 7,743,029.81
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 AUGUST 2025
08/01/2025 Coupon 13063EGT7 4,395,000.00 CALIFORNIA STATE 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 08/15/2025 Coupon 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 94.62 94.62 08/15/2025 Principal Paydown 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 59,454.55 59,454.55 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 441,519.23 HART 2022-A A3 2.22 10/15/2026 117.42 117.42 08/15/2025 Principal Paydown 448977AD0 441,519.23 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 126.08 126.08 08/15/2025 Principal Paydown 47787JAC2 295,689.86 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 5,121.18 5,121.18 08/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 90,692.05 90,692.05 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 163,675.68 GMCAR 2021-4 A3 0.68 09/16/2026 5.09 5.09 08/18/2025 Effective Maturity 362554AC1 163,675.68 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 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 08/18/2025 Coupon 380146AC4 177,645.91 GMCAR 2022-1 A3 1.26 11/16/2026 13.65 13.65 08/18/2025 Effective Maturity 380146AC4 177,645.91 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 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 201.37 201.37 08/25/2025 Principal Paydown 05602RAD3 349,057.79 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 7,206.41 7,206.41 08/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 150,988.62 150,988.62 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 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 6,719,485.51 1,000,876.58 7,720,362.09 SEPTEMBER 2025
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 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 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 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 1.47 1.47 09/15/2025 Effective Maturity 43815BAC4 520,436.53 HAROT 2022-1 A3 1.88 05/15/2026 938.57 938.57 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 441,519.23 HART 2022-A A3 2.22 10/15/2026 24.17 24.17 09/15/2025 Effective Maturity 448977AD0 441,519.23 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 74.16 74.16 09/15/2025 Principal Paydown 47787JAC2 295,689.86 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 4,742.54 4,742.54 09/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 92,425.33 92,425.33 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
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 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 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 110.13 110.13 09/25/2025 Principal Paydown 05602RAD3 349,057.79 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 6,579.81 6,579.81 09/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 148,301.85 148,301.85 09/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 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
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 09/30/2025 Coupon 91282CAM3 2,000,000.00 UNITED STATES TREASURY 0.25 09/30/2025 2,500.00 2,500.00 09/30/2025 Final Maturity 91282CAM3 2,000,000.00 UNITED STATES TREASURY 0.25 09/30/2025 2,000,000.00 2,000,000.00 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 8,604,568.50 1,653,043.05 10,257,611.55
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 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 295,689.86 JDOT 2022 A3 0.36 09/15/2026 23.59 23.59 10/15/2025 Effective Maturity 47787JAC2 295,689.86 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 4,356.66 4,356.66 10/15/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 109,883.72 109,883.72 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 10/16/2025 Coupon 459058LN1 4,500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 87,187.50 87,187.50
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 10/20/2025 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 349,057.79 BMWOT 2022-A A3 3.21 08/25/2026 33.41 33.41 10/27/2025 Effective Maturity 05602RAD3 349,057.79 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 5,964.36 5,964.36 10/27/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 149,215.62 149,215.62 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 6,155.31 6,155.31 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 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
10/31/2025 Coupon 91282CAT8 6,000,000.00 UNITED STATES TREASURY 0.25 10/31/2025 7,500.00 7,500.00 10/31/2025 Final Maturity 91282CAT8 6,000,000.00 UNITED STATES TREASURY 0.25 10/31/2025 6,000,000.00 6,000,000.00 10/31/2025 Coupon 91282CDG3 3,120,000.00 UNITED STATES TREASURY 1.125 10/31/2026 17,550.00 17,550.00 10/31/2025 Coupon 91282CJF9 2,000,000.00 UNITED STATES TREASURY 4.875 10/31/2028 48,750.00 48,750.00 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM 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 10/31/2025 Coupon 91282CKP5 7,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 161,875.00 161,875.00 October 2025
Total 12,743,782.28 760,558.52 13,504,340.79
NOVEMBER 2025
11/03/2025 Coupon 74460DAD1 3,000,000.00 PUBLIC STORAGE OPERATING CO 3.385 05/01/2029 50,775.00 50,775.00
11/07/2025 Coupon 3135G06G3 6,300,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 15,750.00 15,750.00
11/07/2025 Final Maturity 3135G06G3 6,300,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 6,300,000.00 6,300,000.00
11/10/2025 Coupon 037833ET3 1,650,000.00 APPLE INC 4.0 05/10/2028 33,000.00 33,000.00 11/10/2025 Coupon 665859AW4 1,345,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 26,900.00 26,900.00 11/12/2025 Coupon 023135BX3 4,865,000.00 AMAZON.COM INC 1.0 05/12/2026 24,325.00 24,325.00 11/17/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 11/17/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 11/17/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 11/17/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 11/17/2025 Coupon 26442CAX2 3,280,000.00 DUKE ENERGY CAROLINAS LLC 3.95 11/15/2028 64,780.00 64,780.00
11/17/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 11/17/2025 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 104,686.41 104,686.41 11/17/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,262.92 14,262.92 11/17/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 196,693.16 196,693.16 11/17/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 11/17/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,263.10 7,263.10 11/17/2025 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 187,622.67 187,622.67 11/17/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 11/17/2025 Coupon 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 3,897.90 3,897.90 11/17/2025 Principal Paydown 47800CAC0 1,880,000.00 JDOT 2023 A3 5.01 11/15/2027 128,477.93 128,477.93 11/17/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 11/17/2025 Coupon 58933YBH7 1,975,000.00 MERCK & CO INC 4.05 05/17/2028 39,993.75 39,993.75 11/17/2025 Coupon 91324PEC2 805,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 4,628.75 4,628.75 11/17/2025 Coupon 91324PEG3 1,365,000.00 UNITEDHEALTH GROUP INC 3.7 05/15/2027 25,252.50 25,252.50 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 65

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/17/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 11/18/2025 Coupon 22160KAM7 2,500,000.00 COSTCO WHOLESALE CORP 3.0 05/18/2027 37,500.00 37,500.00 11/18/2025 Coupon 437930AC4 1,415,000.00 HONDO-242-A3 5.27 11/20/2028 6,214.21 6,214.21 11/20/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,715.04 6,715.04 11/20/2025 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 88,850.67 88,850.67 11/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 5,345.11 5,345.11 11/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 155,280.48 155,280.48 11/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 11/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 11/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,784.00 7,784.00 11/25/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 5,870.00 5,870.00 11/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 11/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 11/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 11/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 11/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 11/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 11/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 11/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 11/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 11/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 11/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 11/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 November 2025
Total 7,167,481.33 604,395.09 7,771,876.41
Grand Total 1,734,091,757.12 72,728,932.19 12,049,742.62 84,778,674.81 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/10/2025 11:29:20 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 66

IMPORTANT DISCLOSURES
City of Corona Cons Account | Account #10003 | As of December 31, 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 high rating by S&P, Moody’s and Fitch respectively.

Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

* 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 39,350,540.77 39,076,662.26 8.62% 3.24 1185 4.57Agency 43,070,000.00 42,220,665.29 43,022,306.75 9.25% 0.99 361 4.25Agency CMBS 54,755,000.00 52,205,124.18 51,956,460.46 11.44% 3.40 1243 4.64Cash 305,696.51 305,696.51 305,696.51 0.07% 0.00 0 0.00Corporate 117,648,000.00 115,603,316.74 116,481,968.81 25.34% 3.29 1202 4.76LAIF 31,442,026.35 31,442,026.35 31,442,026.35 6.89% 0.00 0 --- Money Market Fund 1,496,987.14 1,496,987.14 1,496,987.14 0.33% 0.00 0 4.28Municipal Bonds 4,395,000.00 4,386,869.25 4,418,161.65 0.96% 4.58 1674 4.54Supranational 17,190,000.00 16,596,810.22 17,059,834.65 3.64% 2.05 748 4.42US Treasury 155,320,000.00 152,670,177.67 154,556,387.56 33.46% 3.29 1201 4.33--- 472,707,710.00 456,278,214.12 459,816,492.14 100.00% 2.81 1028 4.50 Corona Supplemental City of Corona ConsAgg (362432)As of 12/31/2024 Dated: 01/13/2025 1 Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

MONTHLY ACCOUNT STATEMENT
City of Corona Pension Stabilization Trust | Account #10952 | As of December 31, 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: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 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 (4.42%) (0.94%) 13.25% 13.25% 15.16% -- -- -- 12.02% Benchmark Return* (1.99%) (1.95%) 9.75% 9.75% 12.11% -- -- -- 7.84% *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
12/01/2024
End Values as of
12/31/2024
Market Value 51,845,836.59 49,552,706.08
Accrued Interest 0.00 0.00
Total Market Value 51,845,836.59 49,552,706.08
Income Earned 25,710.41 335,045.75
Cont/WD 0.00 0.00
Par 536,920.84 560,242.08
Book Value 39,997,834.24 40,613,318.28
Cost Value 39,997,834.24 40,613,318.28

TOP ISSUERS
iShares Trust - iShares Core S&P 500 31.72%
iShares Trust - iShares Core S&P Mid 16.85%
Vanguard Index Funds - Vanguard Smal 14.93%
Vanguard Bond Index Funds - Vanguard 14.08%
Vanguard Tax-Managed Funds - Vanguar 8.11%
Vanguard Specialized Funds - Vanguar 8.07%
Total 93.76%
Asset Allocation
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 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 16.3 Compliant
Min % (MV; Cash & Fixed Income) 10.0 16.3 Compliant

COMMODITIES
Max % (MV) 5.0 0.0 Compliant
Min % (MV) 0.0 0.0 Compliant

EQUITIES
Max % (MV) 80.0 73.6 Compliant
Min % (MV) 50.0 73.6 Compliant

FIXED INCOME
Max % (MV; Cash & Fixed Income) 30.0 16.3 Compliant
Min % (MV; Cash & Fixed Income) 10.0 16.3 Compliant
Min Rating (BBB- by 1) 0.0 0.0 Compliant
REITS
Max % (MV) 15.0 10.1 Compliant
Min % (MV) 0.0 10.1 Compliant
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 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 84,342.08 --

0.00%
84,342.08
84,342.08

1.00 0.00%
84,342.08

0.00 0.17%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 84,342.08 0.00%
84,342.08
84,342.08

1.00 0.00%
84,342.08

0.00 0.17%

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

44.04 0.00%
999,708.00

0.00 2.02%
104,378.56
NA/NA
NA 0.00
Total Emerging
Market Equity 22,700.00 0.00%
895,329.44
895,329.44

44.04 0.00%
999,708.00

0.00 2.02%
104,378.56
NA/NA
NA 0.00

INTERNATIONAL
EQUITY
921943858 VANGUARD DEV MKT ETF 84,000.00 --

0.00%
3,508,232.91
3,508,232.91

47.82 0.00%
4,016,880.00

0.00 8.11%
508,647.09
NA/NA
NA 0.00
Total International
Equity 84,000.00 0.00%
3,508,232.91
3,508,232.91

47.82 0.00%
4,016,880.00

0.00 8.11%
508,647.09
NA/NA
NA 0.00

INTERNATIONAL

REAL ESTATE
922042676 VANGUARD GXUS RE ETF 25,200.00 --

0.00%
1,039,136.74
1,039,136.74

39.56 0.00%
996,912.00

0.00 2.01%
(42,224.74)
NA/NA
NA 0.00
Total International
Real Estate 25,200.00 0.00%
1,039,136.74
1,039,136.74

39.56 0.00%
996,912.00

0.00 2.01%
(42,224.74)
NA/NA
NA 0.00

LARGE CAP US
EQUITY
464287200 ISHARES:CORE S&P 500 26,700.00 --

0.00%
10,779,318.25
10,779,318.25
588.68

0.00%
15,717,756.00

0.00 31.72%
4,938,437.75
NA/NA
NA 0.00
Total Large Cap US
Equity 26,700.00 0.00%
10,779,318.25
10,779,318.25
588.68

0.00%
15,717,756.00

0.00 31.72%
4,938,437.75
NA/NA
NA 0.00

MID CAP US
EQUITY
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 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 134,000.00 --

0.00%
6,535,430.34
6,535,430.34

62.31 0.00%
8,349,540.00

0.00 16.85%
1,814,109.66
NA/NA
NA 0.00
Total Mid Cap US
Equity 134,000.00 0.00%
6,535,430.34
6,535,430.34

62.31 0.00%
8,349,540.00

0.00 16.85%
1,814,109.66
NA/NA
NA 0.00

REAL ESTATE
922908553 VANGUARD RE IDX ETF 44,900.00 --

0.00%
3,903,291.08
3,903,291.08

89.08 0.00%
3,999,692.00

0.00 8.07%
96,400.92
NA/NA
NA 0.00
Total Real Estate 44,900.00 0.00%
3,903,291.08
3,903,291.08

89.08 0.00%
3,999,692.00

0.00 8.07%
96,400.92
NA/NA
NA 0.00

SMALL CAP US
EQUITY
922908751 VANGUARD S-C ID ETF 30,800.00 --

0.00%
5,828,729.50
5,828,729.50
240.28

0.00%
7,400,624.00

0.00 14.93%
1,571,894.50
NA/NA
NA 0.00
Total Small Cap US
Equity 30,800.00 0.00%
5,828,729.50
5,828,729.50
240.28

0.00%
7,400,624.00

0.00 14.93%
1,571,894.50
NA/NA
NA 0.00

US CORE BONDS
921937835 VANGUARD TOT BD ETF 97,000.00 --

0.00%
7,059,207.26
7,059,207.26

71.91 0.00%
6,975,270.00

0.00 14.08%
(83,937.26)
NA/NA
NA 0.00
Total US Core
Bonds 97,000.00 0.00%
7,059,207.26
7,059,207.26

71.91 0.00%
6,975,270.00

0.00 14.08%
(83,937.26)
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

95.47 0.00%
1,011,982.00

0.00 2.04%
31,681.32
NA/NA
NA 0.00
Total US High
Yield Bonds 10,600.00 0.00%
980,300.68
980,300.68

95.47 0.00%
1,011,982.00

0.00 2.04%
31,681.32
NA/NA
NA 0.00
Total Portfolio 560,242.08 0.00%
40,613,318.28
40,613,318.28
257.93

0.00%
49,552,706.08

0.00 100.00%
8,939,387.80
Aaa/AAA
AAA

0.00 0.00
Total Market
Value + Accrued 49,552,706.08
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 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 12/30/2024 921943858 10,490.00 VANGUARD DEV MKT ETF 48.087 (504,431.58) 0.00 (504,431.58) 0.00 Purchase 12/30/2024 922042676 3,225.00 VANGUARD GXUS RE ETF 39.800 (128,354.68) 0.00 (128,354.68) 0.00 Purchase 12/30/2024 464287507 1,000.00 ISHARES:CORE S&P MD-CP 62.498 (62,498.00) 0.00 (62,498.00) 0.00
Purchase 12/30/2024 922908553 1,600.00 VANGUARD RE IDX ETF 88.950 (142,319.36) 0.00 (142,319.36) 0.00 Purchase 12/30/2024 921937835 4,400.00 VANGUARD TOT BD ETF 71.808 (315,956.08) 0.00 (315,956.08) 0.00 Total Purchase 20,715.00 (1,153,559.70) 0.00 (1,153,559.70) 0.00 TOTAL
ACQUISITIONS 20,715.00 (1,153,559.70) 0.00 (1,153,559.70) 0.00 OTHER
Sale 12/30/2024 922908751 (200.00) VANGUARD S-C ID ETF 241.462 48,290.99 0.00 48,290.99 12,017.01 Sale 12/30/2024 464287200 (1,300.00) ISHARES:CORE S&P 500 595.640 774,310.38 0.00 774,310.38 268,402.46 Total Sale (1,500.00) 822,601.37 0.00 822,601.37 280,419.47

TOTAL OTHER
TRANSACTIONS (1,500.00) 822,601.37 0.00 822,601.37 280,419.47 OTHER
Equity Dividend 12/04/2024 921937835 0.00 VANGUARD TOT BD ETF 20,643.13 0.00 20,643.13 0.00 Equity Dividend 12/05/2024 78468R622 0.00 SPDR BBG HIGH YIELD BD 5,558.70 0.00 5,558.70 0.00 Equity Dividend 12/20/2024 464287200 0.00 ISHARES:CORE S&P 500 59,757.18 0.00 59,757.18 0.00 Equity Dividend 12/20/2024 464287507 0.00 ISHARES:CORE S&P MD-CP 35,497.43 0.00 35,497.43 0.00
Equity Dividend 12/24/2024 921943858 0.00 VANGUARD DEV MKT ETF 52,383.23 0.00 52,383.23 0.00 Equity Dividend 12/24/2024 922042676 0.00 VANGUARD GXUS RE ETF 44,837.79 0.00 44,837.79 0.00 Equity Dividend 12/24/2024 78468R622 0.00 SPDR BBG HIGH YIELD BD 5,513.62 0.00 5,513.62 0.00 Equity Dividend 12/24/2024 922042858 0.00 VANGUARD EM ST I ETF 24,189.12 0.00 24,189.12 0.00 Equity Dividend 12/26/2024 922908751 0.00 VANGUARD S-C ID ETF 28,011.60 0.00 28,011.60 0.00 Equity Dividend 12/26/2024 922908553 0.00 VANGUARD RE IDX ETF 37,043.15 0.00 37,043.15 0.00 Equity Dividend 12/27/2024 921937835 0.00 VANGUARD TOT BD ETF 21,610.80 0.00 21,610.80 0.00 Total Equity
Dividend 0.00 335,045.75 0.00 335,045.75 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 7

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Other Income 12/15/2024 CCYUSD 5.47 Cash 0.00% 5.47 0.00 5.47 0.00 Other Income 12/15/2024 CCYUSD 13.35 Cash 0.00% 13.35 0.00 13.35 0.00 Total Other
Income 18.82 18.82 0.00 18.82 0.00

TOTAL OTHER
TRANSACTIONS 18.82 335,064.57 0.00 335,064.57 0.00
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 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

CASH & EQUIVALENTS
CCYUSD Cash
84,342.08
80,235.84

0.00 0.00
84,342.08

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 84,342.08
80,235.84

0.00 0.00
84,342.08

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
26,700.00
11,285,226.17

0.00 (505,907.92)
10,779,318.25

0.00 59,757.18

0.00 59,757.18

0.00 0.00

0.00 59,757.18
59,757.18
464287507 ISHARES:CORE S&P MD-CP
134,000.00
6,472,932.34
62,498.00

0.00 6,535,430.34

0.00 35,497.43

0.00 35,497.43

0.00 0.00

0.00 35,497.43
35,497.43
78468R622 SPDR BBG HIGH YIELD BD
10,600.00
980,300.68

0.00 0.00
980,300.68

0.00 11,072.32

0.00 11,072.32

0.00 0.00

0.00 11,072.32
11,072.32
921937835 VANGUARD TOT BD ETF
97,000.00
6,743,251.18
315,956.08

0.00 7,059,207.26

0.00 42,253.93

0.00 42,253.93

0.00 0.00

0.00 42,253.93
42,253.93
921943858 VANGUARD DEV MKT ETF
84,000.00
3,003,801.33
504,431.58

0.00 3,508,232.91

0.00 52,383.23

0.00 52,383.23

0.00 0.00

0.00 52,383.23
52,383.23
922042676 VANGUARD GXUS RE ETF
25,200.00
910,782.06
128,354.68

0.00 1,039,136.74

0.00 44,837.79

0.00 44,837.79

0.00 0.00

0.00 44,837.79
44,837.79
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 9

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
895,329.44

0.00 0.00
895,329.44

0.00 24,189.12

0.00 24,189.12

0.00 0.00

0.00 24,189.12
24,189.12
922908553 VANGUARD RE IDX ETF
44,900.00
3,760,971.72
142,319.36

0.00 3,903,291.08

0.00 37,043.15

0.00 37,043.15

0.00 0.00

0.00 37,043.15
37,043.15
922908751 VANGUARD S-C ID ETF
30,800.00
5,865,003.48

0.00 (36,273.98)
5,828,729.50

0.00 28,011.60

0.00 28,011.60

0.00 0.00

0.00 28,011.60
28,011.60
Total Equity 475,900.00
39,917,598.40
1,153,559.70
(542,181.90)
40,528,976.20

0.00 335,045.75

0.00 335,045.75

0.00 0.00

0.00 335,045.75 335,045.75
TOTAL PORTFOLIO 560,242.08
39,997,834.24
1,153,559.70
(542,181.90)
40,613,318.28

0.00 335,045.75

0.00 335,045.75

0.00 0.00

0.00 335,045.75 335,045.75
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount Grand Total
Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 11

IMPORTANT DISCLOSURES
City of Corona Pension Stabilization Trust | Account #10952 | As of December 31, 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 high rating by S&P, Moody’s and Fitch respectively.

Docusign Envelope ID: 87D82A79-98C3-4AB5-B899-63EEB3631556

Execution Time: 01/03/2025 10:37:25 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 12

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: 87D82A79-98C3-4AB5-B899-63EEB3631556

DATE: 02/19/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-64

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

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 DECEMBER 2024
RECOMMENDED ACTION:

That the City Council receive and file the monthly fiscal report for December 2024.

M E M O R A N D U M
February 19, 2025
TO: City Clerk
FROM: Kim Sitton
Finance Director

SUBJECT: Monthly Fiscal Report, December 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 December 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: 66494BBA-3109-46FA-8C81-3EACAB8AC963

BEGINNING ENDING

DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 4,177,668.11 $ 96,355,142.99 $ 90,528,628.40 $ 10,004,182.70 Deposits in Transit 926,089.61 1,464,557.95 926,089.61 1,464,557.95 Outstanding Checks (1,987,499.09) 1,987,499.09 2,181,934.92 (2,181,934.92) Fiscal Agents 48,596,998.33 174,900.63 3,908,129.77 44,863,769.19 Developer Escrow Accounts 1,736,590.18 108,435.82 1,845,026.00 Investments
Chandler Investment- City Account 447,115,650.64 16,461,383.36 35,202,568.21 428,374,465.79 Chandler Investment -Pension Trust Fund 39,997,834.24 615,484.04 40,613,318.28 LAIF 26,242,026.35 41,800,000.00 36,600,000.00 31,442,026.35 Investments Subtotal 513,355,511.23 58,876,867.40 71,802,568.21 500,429,810.42 Change Fund 10,248.00 10,248.00
Returned Checks 924.67 37,233.39 19,479.67 18,678.39
Credit Card Reconciling Items- Fees (2,314.59) 2,314.59 2,235.47 (2,235.47) TOTAL $ 566,814,216.45 $ 159,006,951.86 $ 169,369,066.05 $ 556,452,102.26 * For informational purpose only
December 31, 2024

CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: 66494BBA-3109-46FA-8C81-3EACAB8AC963

ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED

ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 31,442,026.35 $ 31,442,026.35
Chandler Investment- City Account $ 428,374,465.79 $ 428,374,465.79 Chandler Investment -Pension Trust Fund $ 40,613,318.28 $ 40,613,318.28 Investment Total 500,429,810.42 500,429,810.42
General Account - Bank of America 9,637,355.62 1,178,337.25 (2,028,887.14) 16,442.92 8,803,248.65 Worker's Comp Account - Bank of America 366,827.08 286,220.70 (153,047.78) 500,000.00 Fiscal Agent Accounts 44,863,769.19 44,863,769.19
Escrow Account 1,736,590.18 108,435.82 1,845,026.00
Cashiers Change 10,248.00 10,248.00

BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 557,044,600.49 $ 1,572,993.77 $ (2,181,934.92) $ 16,442.92 $ 556,452,102.26 Subject to final audit

CITY OF CORONA
Cash and Investment Status Report
December 31, 2024
Docusign Envelope ID: 66494BBA-3109-46FA-8C81-3EACAB8AC963

General Fund $ 208,342,413.63
Special Revenue Funds
Gas Tax 13,023,616.19
Measure A 15,747,882.79
Trip Reduction 2,073,598.42
Asset Forfeiture 388,276.14
Development 34,093,660.26
Residential Refuse/Recycling (936,124.47)
Landscape and Streetlight Maintenance 25,527,931.66
Other Grants and Endowments 19,197,625.14 109,116,466.13 Debt Service Funds
Public Financing Authority 5,298.98 5,298.98
Capital Project Funds
Housing/Community Development (782,919.71)
Planned Local Drainage 718,339.31
Other Grants (6,707,992.29)
Public Facility Project (3,875,769.61)
Corona Housing Authority 24,739,049.55 14,090,707.25
Enterprise Funds
Water Utility 40,777,994.81
Water Reclamation Utility 61,743,644.20
Transit 769,545.88
Electric Utility 27,951,737.60
Airport 2,092,475.70 133,335,398.19
Internal Service Funds
Fleet Operations 4,273,107.34
Workers' Compensation 22,114,604.84
Liability Risk 573,848.48
Warehouse Services 1,314,320.56
Information Technology 13,397,894.41 41,673,775.63
Fiduciary Funds
AD & CFD Bond Funds 45,196,058.96
AB109 PACT -
Successor Agency 4,691,983.49 49,888,042.45
Total All Funds $ 556,452,102.26
Subject to final audit

CITY OF CORONA
Cash Balance By Fund
December 31, 2024
Docusign Envelope ID: 66494BBA-3109-46FA-8C81-3EACAB8AC963

MARKET BOOK PERCENT OF

INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 47,085,000.00 39,350,540.77 39,076,662.26 7.81%
Agency 43,070,000.00 42,220,665.29 43,022,306.75 8.60%
CMO 54,755,000.00 52,205,124.18 51,956,460.46 10.38%
Pension Trust 560,242.08 49,552,706.08 40,613,318.28 8.12% Receivable 305,696.51 305,696.51 305,696.51 0.06%
Corporate 117,648,000.00 115,603,316.74 116,481,968.81 23.28% LAIF 31,442,026.35 31,442,026.35 31,442,026.35 6.28%
Money Market Fund FI 1,496,987.14 1,496,987.14 1,496,987.14 0.30% Municipal Bonds 4,395,000.00 4,386,869.25 4,418,161.65 0.88% Supranational 17,190,000.00 16,596,810.22 17,059,834.65 3.41% US Treasury 155,320,000.00 152,670,177.67 154,556,387.56 30.88% TOTAL PORTFOLIO $ 473,267,952.08 505,830,920.20 $ 500,429,810.42 100.00% Subject to final audit

CITY OF CORONA
Investment Portfolio Report
December 31, 2024
Docusign Envelope ID: 66494BBA-3109-46FA-8C81-3EACAB8AC963

DATE: 02/19/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-60

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

RESOLUTION ESTABLISHING THE ANNUAL ASSESSMENT FOR COUNTY SERVICE AREA 152 TO BE LEVIED FOR FISCAL YEAR 2026 AND AUTHORIZING THE COUNTY

OF RIVERSIDE TO LEVY AND COLLECT THE ANNUAL ASSESSMENTS TO FUND

THE COSTS OF THE NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM

PERMIT PROGRAM
EXECUTIVE SUMMARY:

This staff report asks the City Council to consider adopting a Resolution setting the Benefit Assessment Unit Rate for Fiscal Year 2026 for County Service Area 152, which includes all properties within the jurisdictional boundaries of the City of Corona. Revenues from this assessment fund the City’s National Pollutant Discharge Elimination System Permit Program, which is designed to protect the City’s local creeks and waterways from contamination. The annual assessment is proposed to remain the same as the prior fiscal year at $10.00 per benefit assessment unit.

RECOMMENDED ACTION:

That the City Council adopt Resolution No. 2025-013, regarding County Service Area 152 and setting the Benefit Assessment Unit Rate for Fiscal Year 2026 for the City of Corona to fund the City’s National Pollutant Discharge Elimination System (NPDES) Permit Program.

BACKGROUND & HISTORY:

Amendments to the Federal Clean Water Act (“CWA”), enacted by Congress in 1987, established environmental programs, including the National Pollutant Discharge Elimination System (“NPDES”) Permit program, to protect the Nation's waters. The CWA also directs the Environmental Protection Agency to develop, implement, and enforce regulations consistent with this law. For the State of California, these federal responsibilities were given to the State's nine Regional Water Quality Control Boards to regulate at the local levels.

The CWA prohibits any entity from discharging rain and other water runoff into the Nation's creeks, rivers, and other waters unless they are issued an NPDES permit. The NPDES permit contains regulations, monitoring, and reporting requirements to protect water quality and people's health. Local agencies and municipalities who own and operate municipal separate storm sewer systems (“MS4”) for conveying stormwater runoff are considered dischargers to the Nation's waters. They are, therefore, required to obtain an NPDES MS4 Permit.

The County of Riverside was issued its first NPDES MS4 Permit in 1990. In 1992, the County established County Service Area 152 (“CSA 152”) as a funding mechanism to pay for the anticipated costs of compliance with its NPDES MS4 Permit requirements. On December 1, 1992, the County annexed the City of Corona to CSA 152. Through an Implementation Agreement with the County, the City can utilize CSA 152 assessments from properties within its boundaries to pay for its NPDES program.

ANALYSIS:

The annual assessment of $10.00 per benefit assessment unit remains the same as the prior fiscal years, which has been the maximum rate since Fiscal Year 2015. These funds are utilized to maintain storm drains, catch basins, and street sweeping in the City. All parcels within the City, including residential, commercial, and industrial, pay the annual assessment under CSA 152. Adopting the recommended resolution will authorize the County of Riverside to continue to levy the CSA 152 assessment of $10.00 per benefit assessment unit for the subject parcels within the City for Fiscal Year 2026.

FINANCIAL IMPACT:

The assessment of $10.00 per benefit assessment unit is projected to generate approximately $822,000 in revenue in Fiscal Year 2026 for the NPDES program. The funds are accounted for in County Service Area (NPDES) Fund 245 and will be utilized for operating costs, including personnel, materials, and supplies to operate the program.

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 general rule 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 merely

authorizes and requests that Riverside County levy and collect the annual assessment in the amount of $10.00 per Benefit Assessment Unit and there is no possibility that adopting this action will have a significant effect on the environment. Therefore, no environmental analysis is required.

PREPARED BY: ERMA MONTANO, SENIOR FINANCIAL ANALYST
REVIEWED BY: KIM SITTON, FINANCE DIRECTOR
ATTACHMENTS:

1. Exhibit 1 – Resolution No. 2025-013

RESOLUTION NO. 2025-013

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF CORONA, CALIFORNIA, REGARDING COUNTY
SERVICE AREA 152 AND SETTING THE BENEFIT
ASSESSMENT UNIT RATE FOR FISCAL YEAR 2026 FOR

THE CITY OF CORONA TO FUND THE CITY'S

NATIONAL POLLUTANT DISCHARGE ELIMINATION

SYSTEM (NPDES) PERMIT PROGRAM
WHEREAS, in 1990 the County of Riverside (the "County") and the incorporated cities therein requested an area-wide National Pollutant Discharge Elimination System ("NPDES") permit ("Permit") for their urban storm water runoff; and WHEREAS, in 1991 the County of Riverside (the "County'') established Community Service Area 152 ("CSA 152"), for the purpose of funding the area-wide storm water NPDES Compliance Program; and
WHEREAS, the CSA 152 is the principal permittee for the Permit; and WHEREAS, in Fiscal Year 1992-93 the County established an assessment within CSA 152 at the maximum rate of $10.00 per Benefit Assessment Unit; and WHEREAS, the City of Corona (the “City”) has certain responsibilities for managing storm water within its jurisdiction and is a co-permittee under the Permit; and WHEREAS, pursuant to Resolution No. 92-63, adopted by the City Council on June 17, 1992, the City requested the Local Agency Formation Commission (“LAFCO”) to take proceedings to annex the City to CSA 152; and
WHEREAS, pursuant to Resolution No. 92-79, adopted by LAFCO on September 24, 1992, LAFCO approved the annexation of the City to CSA 152; and WHEREAS, pursuant to Resolution No. 92-520, adopted by the County Board of Supervisors on December 1, 1992, the County approved the annexation of the City to CSA 152 to facilitate the collection of funds for services provided by the City to comply with the Permit; and WHEREAS, pursuant to Resolution No. 93-19, adopted by the City Council on March 17, 1993, the City approved the annexation of the City to CSA 152, which annexation is referred to as ("CSA 152 - Corona"); and
WHEREAS, pursuant to Resolution No. 93-19, the City also established an assessment at the maximum rate of $10.00 per Benefit Assessment Unit to be levied and imposed on parcels located within the boundaries of CSA 152 - Corona under the Riverside County Flood Control and Water Conservation Act for the purpose of funding its obligations under the Permit; and

2 WHEREAS, the County of Riverside has agreed to continue to allow the CSA 152 funding vehicle to be utilized by cities that have elected to participate in CSA 152, including the City; and
WHEREAS, the City desires to establish the annual assessment to be levied in CSA 152 - Corona for Fiscal Year 2026, and to authorize the County to levy and collect such annual assessments to fund the costs of the NPDES Compliance Program within CSA 152 - Corona to comply with the Permit requirements imposed by the Environmental Protection Agency and Regional Water Quality Control Boards for storm water discharges within the City; and WHEREAS, Section 5(a) of Article XIII D of the California Constitution states that assessments existing on or before November 6, 1996, the effective date of Article XIII D of the California Constitution, imposed exclusively to finance the capital costs or maintenance and operation expenses of flood control and drainage systems are exempt from the provisions of Article XIII D, section 4; and
WHEREAS, the CSA 152 assessments and the CSA 152 - Corona assessments, were adopted prior to November 6, 1996, exclusively to finance the capital costs or maintenance and operation expenses of flood control and drainage systems and are therefore exempt from the procedures and approval process of Article XIII D, Section 4 of the California Constitution and California Government Code section 53753; and
WHEREAS, Section 5(a) of Article XIII D of the California Constitution and California Government Code section 53753.5 further provide that if an assessment is exempt from the procedures and approval process set forth in Section 4 of Article XIII D of the California Constitution, then those requirements shall not apply in subsequent fiscal years unless the assessment methodology is changed to increase the assessment, or the amount of that assessment is proposed to exceed an assessment formula or range of assessments adopted by an agency in accordance with Article XIII D of the California Constitution or Section 53753; and WHEREAS, the proposed annual assessments to be levied within CSA 152 - Corona in Fiscal Year 2026 do not exceed the maximum assessment previously authorized and adopted by the City in 1993 pursuant to Resolution No. 93-19 and do not constitute an increase in the assessment for purposes of Article XIIID or California Government Code section 53753.5.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF CORONA, CALIFORNIA, AS FOLLOWS:

SECTION 1. The City Council hereby finds and determines that the above recitals are true and correct, and by this referenced are hereby incorporated.

SECTION 2. The City of Corona hereby establishes and authorizes and requests that the County levy and collect an annual assessment in the amount of $10.00 per Benefit Assessment Unit within CSA 152 - Corona for Fiscal Year 2026.

SECTION 3. The City of Corona shall continue to participate in CSA 152.

3 SECTION 4. The City Clerk shall certify the passage and adoption of this Resolution and the same shall thereupon take effect and be in force immediately.

PASSED, APPROVED AND ADOPTED this 19th day of February 2025. __________________________________________
Mayor of the City of Corona, California
ATTEST:
____________________________________
City Clerk of the City of Corona, California

4 CERTIFICATION
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 a regular meeting thereof held on the 19th 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, California, this 19th day of February 2025.

City Clerk of the City of Corona

DATE: 02/19/2025
TO: Honorable Mayor and City Council Members
FROM: Police Department and Public Works Department
2025-62

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

AUTHORIZE THE PURCHASE OF FIFTEEN (15) NEW FORD EXPLORERS FROM

FRITTS FORD FOR THE POLICE DEPARTMENT
EXECUTIVE SUMMARY:

This staff report asks the City Council to authorize the purchase and upfitting of fifteen (15) new vehicles for the Police Department in the amount of $1,331,245.20. These vehicles will replace the aging vehicles that have passed their life cycle.

RECOMMENDED ACTION:

That the City Council:
a. Authorize an Exception to Competitive Bidding pursuant to Corona Municipal Code Section 3.08.140(C) that competitive bidding has been satisfied based upon the reasons provided in “Basis for Determination of Competitive Bidding” with Fritts Ford for the purchase of fifteen (15) new vehicles for the Police Department in the amount of $832,285.20.
b. Authorize the City Manager, or his designee, to issue a purchase order to Fritts Ford in the amount of $832,285.20.

c. Authorize the City Manager, or his designee, to issue a purchase order to Motorola Solutions, Inc., in the amount of $144,951.90 for the purchase of fifteen (15) police radios.
d. Authorize an appropriation in the amount of $832,285.20 from the Fleet Replacement Fund 684 to the Vehicle Procurement Operating and Maintenance Project No. 68341 for the purchase of fifteen (15) vehicles for the Police Department.
e. Authorize an appropriation in the amount of $498,960 from the Public Safety Reserve within Measure X Fund 120 to the Vehicle Procurement Operating and Maintenance Project No. 68341 for the purchase of fifteen (15) Motorola radios and vehicle upfit costs.

BACKGROUND & HISTORY:

The City of Corona Police Department’s mission is to ensure the safety and security of the public through strong community partnerships and excellence in policing. The Police Department (PD) aims to achieve this venture by remaining proactive in community partnerships, law enforcement, training, and commitment to excel as an organization.

Performing these functions, essential to public safety, relies upon a vehicle fleet that is modern, up-to-date, dependable, and efficient.

The Police Department works with the Public Works Department’s fleet services team (fleet) through regularly scheduled meetings and consistent communication to ensure vehicles are safe and well maintained while maximizing the in-service availability of these units. Replacement is planned both proactively and in accordance with Administrative Policy No. 09100.508. As the current fiscal year progressed, analysis revealed fifteen Ford Police Interceptor Explorers within the Police Department fleet were eligible for replacement due to being at the end of their pre-determined life cycle. The patrol units in question have reached their replacement timeline of five years.

In efforts to keep the current fleet of patrol units operating safely and available for service, staff observed significant effects of the high service hours and high mileage accrued by these vehicles in the form of increased vehicle downtime needed for extensive repairs, the growing number of out-of-service criteria units requiring extensive repairs, and increased parts expenditure required to meet high mileage vehicle repair needs. This has made replacing older vehicles a top priority for the Police Department and Fleet.

ANALYSIS:

The Police Department and Fleet have located fifteen 2025 model-year Ford Interceptors available for purchase and immediate delivery at Fritts Ford in Riverside, CA. These new vehicles will meet the current Police Department patrol unit needs and reduce repair downtime. In addition, the City will receive these vehicles faster than a traditional factory build-to-order purchase.

The Riverside County Sheriff’s Department originally ordered the vehicles but no longer needed them. Fortunately, they are built to the Police Department vehicle’s

specifications, including being keyed the same. The Riverside County Sheriff’s Department conducted a competitive bid procedure. The Sheriff’s Department ordered these vehicles as part of a large vehicle purchase and negotiated a base price of $49,831.

Staff was able to negotiate a price of $49,482, meaning the City is saving $349 per vehicle from what the Sheriff’s Department had originally negotiated. After additional costs for paint, tire fees, vehicle registration, and tax, the total cost for all fifteen vehicles is $832,285.20.

Following the purchase of the new vehicles, each Inceptor will require upfitting to meet the necessary specifications for these patrol units. This includes the installation of Motorola radios and other modifications to the interior and exterior of the vehicle to accommodate PD equipment and activities. The purchase of fifteen radios is $144,951.90, or $9,663.46 per radio system. In addition to the radios, other upfitting will be needed for all fifteen vehicles. Staff is currently working with a vendor, Innovative Emergency Equipment (Innovative), on an agreement and purchase order for upfitting services and will return to the City Council for this approval at a future date. Staff received a quote from Innovative to upfit all fifteen vehicles for $353,994.30, 353,994.30, or $23,599.62 per vehicle.

FINANCIAL IMPACT:

Approval of the recommended actions will result in an appropriation in the amount of $832,285.20 from the Fleet Replacement Fund 684 for the purchase of fifteen vehicles and an appropriation in the amount of $498,960 from the Public Safety Reserve within Measure X Fund 120 for the purchase of fifteen Motorola radios and vehicle upfit costs to the Vehicle Procurement Operating and Maintenance Project No. 68341. Each Motorola radio system is $9,663.46 for a total of $144,951.90, and the upfit for each vehicle will cost $23,599.62, for a total of $353,994.30.

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 commonsense 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 merely approves the purchase of vehicles, and there is no possibility that this project will have a significant effect on the environment. Therefore, no environmental analysis is required.

PREPARED BY: MICHAEL GRIESINGER, FLEET MANAGER
REVIEWED BY: ROBERT NEWMAN, POLICE CHIEF & SAVAT KHAMPHOU, PUBLIC

WORKS DIRECTOR
ATTACHMENTS:

1. Exhibit 1 – Fritts Ford Quote (15 vehicles)

2. Exhibit 2 – Motorola Solutions, Inc. Quote (15 radios)

3. Exhibit 3 – Innovative Emergency Equipment Quote (1 Unit)

Billing Address:

CORONA POLICE DEPT, CITY OF
400 S VICENTIA AVE STE 320
CORONA, CA 92882
US
Shipping Address:

CORONA POLICE DEPT, CITY OF
730 CORP YARDWAY
CORONA, CA 92880
US
Quote Date:01/15/2025
Expiration Date:04/15/2025
Quote Created By:

Saeed Salimian
Saeed.Salimian@
motorolasolutions.com
End Customer:

CORONA POLICE DEPT, CITY OF
Robert MONTANEZ
[email protected]
951.736.2412
Contract:  18105 - LA COUNTY , CA MAIS-2240228
Line # Item Number Description Qty List Price Sale Price Ext. Sale Price APX™ 8500
1 M37TSS9PW1AN APX8500 ALL BAND MP
MOBILE
15 $6,129.00 $4,474.17 $67,112.55
1a GA09007AA ADD: OUT OF THE BOX WIFI

PROVISIONING
15 $0.00 $0.00 $0.00
1b GA00250AA ADD: GNSS/BT-WIFI THRU
MNT ANT, 17FT LOW LOSS
PFP-100A/240, QMA
15 $110.00 $80.30 $1,204.50
1c G996AS ENH: OVER THE AIR

PROVISIONING
15 $110.00 $80.30 $1,204.50
1d GA00580AA ADD: TDMA OPERATION 15 $495.00 $361.35 $5,420.25 1e GA01513AB ADD: ALL BAND MOBILE
ANTENNA (7/8/V/U)
15 $105.00 $76.65 $1,149.75
1f G51AT ENH:SMARTZONE 15 $1,650.00 $1,204.50 $18,067.50 1g W599BF ADD: 8 MODE DIRECT ENTRY
APX
15 $198.00 $144.54 $2,168.10
1h G78AT ENH: 3 YEAR ESSENTIAL SVC 15 $288.00 $288.00 $4,320.00 1i GA05509AA DEL: DELETE UHF BAND 15 -$800.00 -$584.00 -$8,760.00 1j GA09001AA ADD: WI-FI CAPABILITY 15 $330.00 $240.90 $3,613.50 1k G298AS ENH: ASTRO 25 OTAR W/

MULTIKEY
15 $814.00 $594.22 $8,913.30
QUOTE-2966862
Corona PD - (15) APX 8500
Mobiles
Any sales transaction following Motorola's quote is based on and subject to the terms and conditions of the valid and executed written contract between Customer and Motorola (the ""Underlying Agreement"") that authorizes Customer to purchase equipment and/or services or license software (collectively ""Products""). If no Underlying Agreement exists between Motorola and Customer, then Motorola's Standard Terms of Use and Motorola's Standard Terms and Conditions of Sales and Supply shall govern the purchase of the Products.

Motorola Solutions, Inc.: 500 West Monroe, United States - 60661 ~ #: 36-1115800

Line # Item Number Description Qty List Price Sale Price Ext. Sale Price 1l B18CR ADD: AUXILIARY SPKR 7.5

WATT APX
15 $66.00 $48.18 $722.70
1m G843AH ADD: AES ENCRYPTION AND
ADP
15 $523.00 $381.79 $5,726.85
1n G610AC ADD: REMOTE MOUNT CABLE
30 FT APX
15 $28.00 $20.44 $306.60
1o G444AH ADD: APX CONTROL HEAD

SOFTWARE
15 $0.00 $0.00 $0.00
1p G67EH ADD: REMOTE MOUNT E5 MP 15 $327.00 $238.71 $3,580.65 1q GA01517AA DEL: NO J600 ADAPTER CABLE
NEEDED
15 $0.00 $0.00 $0.00
1r G806BL ENH: ASTRO DIGITAL CAI OP
APX
15 $567.00 $413.91 $6,208.65
1s GA01670AA ADD: APX E5 CONTROL HEAD 15 $717.00 $523.41 $7,851.15 1t QA09113AB ADD: BASELINE RELEASE SW 15 $0.00 $0.00 $0.00 1u G361AH ENH: P25 TRUNKING

SOFTWARE APX
15 $330.00 $240.90 $3,613.50
1v QA03400AA DEL: FCC NARROWBANDING

MANDATE
15 $0.00 $0.00 $0.00
1w G892AB ENH:HAND MIC,GCAI WTR

RESISTANT APX
15 $79.00 $57.67 $865.05
1x GA01630AA ADD: SMARTCONNECT 15 $0.00 $0.00 $0.00
Subtotal $133,289.10
Estimated Tax  $11,662.80
Grand Total $144,951.90(USD)
Notes:

QUOTE-2966862
Corona PD - (15) APX 8500
Mobiles
Any sales transaction following Motorola's quote is based on and subject to the terms and conditions of the valid and executed written contract between Customer and Motorola (the ""Underlying Agreement"") that authorizes Customer to purchase equipment and/or services or license software (collectively ""Products""). If no Underlying Agreement exists between Motorola and Customer, then Motorola's Standard Terms of Use and Motorola's Standard Terms and Conditions of Sales and Supply shall govern the purchase of the Products.

Motorola Solutions, Inc.: 500 West Monroe, United States - 60661 ~ #: 36-1115800

Estimate
Date
1/27/2025
Estimate #
12504
Name / Address

CITY OF CORONA

FLEET SERVICES DIVISION
760 CORPORATION YARD WAY
CORONA, CA 92880
ATTN: Jason Marcia
Ship To
P.O. No. Unit Number
Total
Subtotal
Sales Tax (8.75%)
*Tax is
applicable
where
vehicles are
exchanged
1616 Marlborough Ave. #S-1
Riverside, Ca 92507
951-222-2270
Item Description Qty Rate Total
105 PER HOUR LABOR

INSTALL THE FOLLOWING ONTO A FORD UTILITY

INCLUDING CUSTOMER SUPPLIED RADIO, WATCHGUARD

SYSTEM, COMPUTER DOCK ALONG WITH ALL ANTENNAS
(ANTENNAS CAN BE SUPPLIED AT ADDITIONAL COST BUT

WILL NEED REQUESTED FREQ/CONFIGURATION), BLACK
OUT

42.00 105.00 4,410.00T

PIU PATROL
FRONT:

ETSS100J 100J Series Composite Speaker w/ Universal Bail Bracket - 100 watt ( 2 yr Warranty)..

2.00 175.50 351.00T
ENNLB0188N-482 54"/137cm 9-32 VOLT NFORCE NXT LED LIGHTBAR W/ 15' LIN

DSC TECHNOLOGY
/D24/|D12||D12||D12||T18||D12||D12||D12|\D24\
/R_W/ |R_W||R_W||R_W||RBW||B_W||B_W||B_W| \B_W\
|D06|--GRT-||--GRT---||GRT||--GRT---|O-GRT--|D06|
|R_W|--CLR-||--CLR---||CLR||--CLR---|O-CLR--|B_W|
\D24\ |D12||D12||D12||T18||D12||D12||T18| /D24/
\R_W\|R_A||R_A||R_A||RBA||B_A||B_A||RBA|/B_W/
Domes - Polycarb [D|12|6|12|P]
Accessories - PNFLBSPLT1, AUTO-DIM
Mount - Standard Fixed Height Mount (PNFLBK08)
Hook - PNFLBF44
Vehicle - 2023 Ford Police Interceptor Utility w/o Roof Rack QUOTE# QSF027645

1.00 1,924.00 1,924.00T
BK1526ITU20 PB450LR4. PUSH BUMPER, ALUM, 2020+ INTERCEPTOR UTILITY, LIGHT READY ,2 FORWARD FACEING LIGHTS, 1

ON EACH SIDE, SOUNDOFF MPOWER CUT OUTS ONLY

1.00 492.43 492.43T
EMPS4STS4-D mpower® HD 4" Fascia Light w/ Stud Mount, 18" hard wire w/ sync option, SAE Class 1 & CA Title 13, 9-32 Vdc, Black Housing, 12 LED, Dual Color - Red/White

1.00 89.70 89.70T
EMPS4STS4-E mpower® HD 4" Fascia Light w/ Stud Mount, 18" hard wire w/ sync option, SAE Class 1 & CA Title 13, 9-32 Vdc, Black Housing, 12 LED, Dual Color - Blue/White

1.00 89.70 89.70T

Estimate
Date
1/27/2025
Estimate #
12504
Name / Address

CITY OF CORONA

FLEET SERVICES DIVISION
760 CORPORATION YARD WAY
CORONA, CA 92880
ATTN: Jason Marcia
Ship To
P.O. No. Unit Number
Total
Subtotal
Sales Tax (8.75%)
*Tax is
applicable
where
vehicles are
exchanged
1616 Marlborough Ave. #S-1
Riverside, Ca 92507
951-222-2270
Item Description Qty Rate Total
EMPS2001N-D mpower® 4" Fascia Light w/ Stud Mount, 18" hard wire w/ sync option, SAE Class 1 & CA Title 13, 9-32 Vdc, Black Housing, 12 LED, Dual Color - Red/White

1.00 89.70 89.70T
EMPS2001N-E mpower® 4" Fascia Light w/ Stud Mount, 18" hard wire w/ sync option, SAE Class 1 & CA Title 13, 9-32 Vdc, Black Housing, 12 LED, Dual Color - Blue/White

1.00 89.70 89.70T
ELUC3H010(W) UNDERCOVER LED STROBE (WHITE ) 2.00 86.32 172.64T PLUCTCL1 Universal UnderCover® LED Insert, Interchangeable lenses that tailor the light output to mounting application.

4.80 4.80T
SIDES:

EMPS2001N-E mpower® 4" Fascia Light w/ Stud Mount, 18" hard wire w/ sync option, SAE Class 1 & CA Title 13, 9-32 Vdc, Black Housing, 12 LED, Dual Color - Blue/White

1.00 89.70 89.70T
EMPS2001N-D mpower® 4" Fascia Light w/ Stud Mount, 18" hard wire w/ sync option, SAE Class 1 & CA Title 13, 9-32 Vdc, Black Housing, 12 LED, Dual Color - Red/White

1.00 89.70 89.70T
PMP2BKUMB4 Under Mirror Mount Bracket Kit (each) for installation on Ford PI Utility 2020-..2023 for use with mpower® 3” and 4" Stud or Quick Mount and Intersector Surface Mount

2.00 26.24 52.48T
EMPS2001N-J mpower® 4" Fascia Light w/ Stud Mount, 18" hard wire w/ sync option, SAE Class 1 & CA Title 13, 9-32 Vdc, Black Housing, 12 LED, Dual Color - Red/Blue

2.00 89.70 179.40T
PMP2WSSSB Single Window Shroud Kit for 4" mPower Light w/ Stud Mount - Black

2.00 18.67 37.34T
REAR:

EMPS2STS5-RBW mpower® 4" Fascia Light w/ Stud Mount, 18" hard wire w/ sync option, SAE Class 1 & CA Title 13, 9-32 Vdc, Black Housing, 18 LED, Tricolor - Red/Blue/White ** BESIDE LICENSE PLATE **

2.00 98.80 197.60T
ELUC3H010(B) UNDERCOVER LED STROBE (BLUE) 2.00 86.32 172.64T ETFBSSN-P Flashback Alternating Taillight Flasher 1.00 61.97 61.97T EMPS2001H-M 4" mpower Fascia with Screw Mount 12 LED 9-32 Volt SAE with

1.5' Pigtail Black Housing with Clear Lens BLUE/AMBER

1.00 89.70 89.70T
INTERIOR:

Estimate
Date
1/27/2025
Estimate #
12504
Name / Address

CITY OF CORONA

FLEET SERVICES DIVISION
760 CORPORATION YARD WAY
CORONA, CA 92880
ATTN: Jason Marcia
Ship To
P.O. No. Unit Number
Total
Subtotal
Sales Tax (8.75%)
*Tax is
applicable
where
vehicles are
exchanged
1616 Marlborough Ave. #S-1
Riverside, Ca 92507
951-222-2270
Item Description Qty Rate Total
ENGSA5200RSP bluePRINT® 500 Series Remote Control System with Button Control..10-16v - 200 watt dual-tone

1.00 832.00 832.00T
ENGLMK013 bluePRINT Link® Micro Module and Vehicle Harness for Ford Super Duty F-250-F-550, 2023-2024

1.00 360.75 360.75T
ENGND04102 bluePRINT® Remote Node (2nd Gen)..4 Active High/Low Inputs..10 Outputs (50 Amps max)

1.00 236.08 236.08T
ENGHNK05 18" Harness Kit for Remote Node. 1.00 52.63 52.63T INV-BRKT-TB-PIU20 BRACKET, NODE & BREAKER PIU20 1.00 63.24 63.24T 153070 HI-AMP OPTIFUSE SURFACE MOUNT CIRCUIT BREAKER 70 AMP

1.00 33.78 33.78T
ELECTRONIC INDUSTRIES. CAT 5 25' 1.00 11.94 11.94T
INV-CON-DN-PIU20-FFP CONSOLE, DUAL NOTCHED, PIU 2020+, 12" SLOPE, 2" FLAT,

FOR FACTORY FLOOR PLATE, DUAL CUPHOLDER,

ARMREST AND STANDARD FACE PLATES

1.00 751.59 751.59T
INV-CON-OVRHD-PIU20 CONSOLE, OVERHEAD MOUNT, 4" OF FACEPLATE FOR CONTROLLERS. INCLUDES MOUNTING BRACKET,
POWDERCOATED **SOUNDOFF***

1.00 256.30 256.30T
1045B 4.8 DUAL USB CHARGER, INTELLIGENT DEVICE

RECOGNITION ALLOWS RAPID CHARGING

1.00 36.96 36.96T
1011B 15 AMP 12 VOLT DC SOCKET 2.00 14.56 29.12T
MMSU-1 MAGNETIC MIC CLIP SINGLE UNIT 2.00 32.40 64.80T
L-5/18LED 18" LED GOOSENECK LITTLITE ( MAP LIGHT) 2.00 75.55 151.10T 7160-0500 Gamber Johnson, 6" Locking Slide Arm with 360 Degree Clevis 1.00 262.44 262.44T INV-ACC-LM-PIU20 ACCESSORY, LAPTOP MOUNT ASSEMBLY, PIU 2020+, POWDER COATED (*SHORT CLEVIS REQUIRED**NOT

INCLUDED)

1.00 236.35 236.35T
GK11191B1SSVSCA Dual T-Rail Mount..1 Small..1 1082E Blac-Rac, Trigger Guard and Receiver, #2 Key..***NEW COLD WIRE TECHNOLOGY
INCLUDED***..SOLD SEPARATELY..Momentary Switch,
Required if NOT wiring into Smart Siren Controller

1.00 972.71 972.71T
PK0439ITU20TM SETINA 2020+ PIU "#10VS RP Horizontal Sliding Window, Uncoated Polycarbonate..Recessed Panel Partition TM (Tall Man)"

1.00 815.63 815.63T
QK0566ITU20 2020-up PIU, #12VS Stationary Window Coated Polycarbonate Cargo Area Rear Partition", "Full REPLACEMENT Transport Seat..TPO Plastic..With Center Pull Seat Belts

1.00 1,359.95 1,359.95T
WK0514ITU20 2020+ PIU, STEEL WINDOW BARRIERS, VERTICAL 1.00 279.81 279.81T FREIGHT Freight in setina 1.00 425.00 425.00T

Estimate
Date
1/27/2025
Estimate #
12504
Name / Address

CITY OF CORONA

FLEET SERVICES DIVISION
760 CORPORATION YARD WAY
CORONA, CA 92880
ATTN: Jason Marcia
Ship To
P.O. No. Unit Number
Total
Subtotal
Sales Tax (8.75%)
*Tax is
applicable
where
vehicles are
exchanged
1616 Marlborough Ave. #S-1
Riverside, Ca 92507
951-222-2270
Item Description Qty Rate Total
INV-ES-FF-ET-PIU20 ELECTRONIC STORAGE, FALSE FLOOR, ELECTRONICS TRAY, PIU 2020+, POLY COATED

1.00 958.39 958.39T
INV-ES-ORG-FB-PIU20 ELECTRONIC STORAGE, ACCESSORY, ORGANIZER, DUAL FLARE BOX, PIU 2020+, POLY COATED

1.00 326.83 326.83T
INV-ES-ORG-FBLD-PIU20 ELECTRONIC STORAGE, ACCESSORY, ORGANIZER LID,

DUAL FLARE BOX, INCLUDING HINGE, STICKER, AND
EXPANDED METAL, POLY COATED PIU 2020+

1.00 117.41 117.41T
CW0410-WR 400 Series compartment light, 5 .4”, red/white, 12/24 volt- touch switch

2.00 75.935 151.87T
INV-ACC-WR-40MM-PC ACCESSORY, WEAPON RACK, 40 MM, POWDER COATED 1.00 335.69 335.69T SC-6 GEN.2 UNIVERSAL HANDCUFF STYLE GUN LOCK WITH# 2
KEYS

1.00 147.26 147.26T
SC-7009-A ADJUSTABLE GUN LOCK TIMER 1.00 36.26 36.26T
FREIGHT Freight in

ALL ADDITIONAL EQUIPMENT COMBINED

1.00 355.00 355.00T
MISC:

Ch27.1.500.80%base.Rear 911 Circuits, Ch27.1.500.80%base.Rear Custom "80%" Ch27 with Smart
Start modular timer, plug and play harness for SoundOFF 500 BluePRINT for mounting in the rear of a vehicle.

Includes master circuit breaker, universal no tab mounting bracket, direct connect for front Node, configured with power data and ground for optional 2nd Node and a quick
disconnect at console for Ford, Dodge, or Universal interface.

The vehicle specific or universal console connector must be added at time of order to complete harness, at an additional cost.

1.00 1,105.00 1,105.00T
JOB MATERIALS MISC. PARTS, WIRE, ZIP TIES, CLAMPS, FASTENERS,SPLIT LOOM, RELAYS, ETC.

1.00 120.25 120.25T
PSRN5HDK3 SIREN CONVERSION KIT, ADDES MIC JACK TO AMPLIFIER 25' AUTO HEADPHONE JACK ( PA EXTENSION)

1.00 80.00 80.00T
105 PER HOUR LABOR $105.00 PER HOUR 2.00 105.00 210.00T 01-00339 FORD POLICE UTILITY, LEVEL IIIA, FRONT DOOR DRIVER SIDE, 2020+ NEWER

1.00 879.00 879.00T
01-00340 FORD POLICE UTILITY, LEVEL IIIA, FRONT DOOR DRIVER SIDE, 2020+ NEWER

1.00 879.00 879.00T

Estimate
Date
1/27/2025
Estimate #
12504
Name / Address

CITY OF CORONA

FLEET SERVICES DIVISION
760 CORPORATION YARD WAY
CORONA, CA 92880
ATTN: Jason Marcia
Ship To
P.O. No. Unit Number
Total
Subtotal
Sales Tax (8.75%)
*Tax is
applicable
where
vehicles are
exchanged
1616 Marlborough Ave. #S-1
Riverside, Ca 92507
951-222-2270
Item Description Qty Rate Total
4703-050B Thermal Circuit Breaker 50 A, Surface Mount 1.00 33.78 33.78T INV-BRKT-BREAKER-PIU20 BRACKET, BREAKER, PIU 2020+ 1.00 48.68 48.68T

$23,599.62
$21700.80
$1,898.82

DATE: 02/19/2025
TO: Honorable Mayor and City Council Members
FROM: Economic Development Department

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH IDS GROUP INC. AND BUDGET APPROPRIATION FOR THE SOUTH MALL

ARCHITECTURAL DESIGN SERVICES
EXECUTIVE SUMMARY:

This staff report asks the City Council to approve a First Amendment to the Professional Services Agreement with IDS Group Inc. to provide architectural design services for two City-owned buildings in the South Mall. The Amendment will allow for the development of construction plans for the renovation and reuse of 601 S. Main Street and 725 S. Main Street.

RECOMMENDED ACTION:

That the City Council:
a. Approve the First Amendment to the Professional Services Agreement with IDS Group Inc. increasing the compensation by $868,512.50 for Fiscal Year 2025 and $289,509.50 for Fiscal Year 2026, for an aggregate total increase of $1,158,022 to provide Architectural Services for the South Mall Development b. Authorize the City Manager, or his designee, to execute the First Amendment to the Professional Services Agreement with IDS Group Inc. with a compensation amount of $2,718,512.50 for Fiscal Year 2025; $2,139,509.50 for Fiscal Year 2026; and \$1,850,000 for Fiscal Year 2027 and to negotiate and execute nonsubstantive extensions, change order, and amendments up to 10% of the agreement amount, as authorized in Corona Municipal Code Section 3.08.070(I).

c. Authorize the City Manager, or his designee, to issue a change order to the on-call purchase order with IDS Group, (PO B250649) in the amount of $868,512.50. d. Authorize the City Manager, or his designee, to approve the appropriation of funds in order to execute the Agreement between the City of Corona and IDS Group Inc. e. Authorize an appropriation in the amount of $1,158,022 from the Measure X Fund 120 to the South Mall Acquisition/Agreement , Operations and Maintenance Project No. 79320.

BACKGROUND & HISTORY:

The City has been working for years to reassemble the fragmented ownership in the South Mall to create a project that will have a transformative impact on the Downtown and catalyze renewed private investment within the area.

As part of that effort, the City is using a firm, Ground Review, to help develop conceptual reuse plans for two buildings, 601 S. Main Street (the law office building) and 725 S. Main Street (the former 99 Cent Only store). The plans will help them adapt to fit the retail and restaurant focus of the two single-story buildings that the City recently acquired from the LAB properties. These recent acquisitions gave the City the majority ownership of the South Mall, which allows for a coordinated effort to revitalize the entire center and reposition it away from a typical retail center and toward a significant and unique dining and experiential space within the Downtown.

The two buildings, 601 S. Main Street and 725 S. Main Street, will require extensive work to adapt them from their previous uses—a single-tenant law office and a big-box discount store, respectively—into premier food, beverage, and recreation spaces.

The City issued a Request for Proposals (RFP) for architectural services necessary to complete the conceptual reuse plans for these buildings on November 20, 2024. The RFP was released to consultants selected to be included on the City’s on-call consultant list, which had been finalized but not yet adopted by the City Council. A mandatory pre-bid walk was held on December 4, 2024, attended by three architectural firms. On the proposal due date of December 20, 2024, one firm, IDS Group Inc., submitted a proposal for this work. Following a thorough evaluation of the firm’s qualifications, confirmation that the proposed scope of work provided all necessary services, and that the proposed fees were consistent with projects of this scope and scale, IDS Group Inc. was selected to provide architectural services for the South Mall project.

ANALYSIS:

IDS Group’s on-call contract award includes four disciplines, Architectural Services, Structural Engineering, Landscape Architecture & Irrigation Design, and Electrical Engineering. This First Amendment will assemble a qualified architectural and engineering team to work with the City to develop further and vet the initial concepts for each building, prepare detailed cost estimates for the planned work, develop a full set of

plans for permitting and bidding, and then provide support for the construction efforts until each building is completed and ready for individual tenants to commence their work.

The associated contract increase only affects the architectural services portion of the oncall agreement, with work spanning two fiscal years. The total compensation amount encompasses all four disciplines with only the architectural services portion receiving an increase for the design of the South Mall project. The compensation amount is structured to reflect the increase needed for each fiscal year for which the consultant will provide services for the project. As a result, compensation for Fiscal Year (FY) 25 will increase to $2,718,512.50, FY 26 will decrease to $2,139,509.50, and FY 27, total compensation will revert to the original total contract award of $1,850,000.

The fee structure for the work specific to the South Mall project is $471,243 for 601 S.

Main Street and $686,779 for 725 S. Main Street, for a total of $1,158,022.

Should the City Council agree to approve the First Amendment, work will commence in mid-March, with design work to be completed by the end of 2025. Following this, the City will issue a Request(s) for Bids for construction and identify one (or more) contractors in early 2026. The anticipated construction completion date is early to mid-2027.

While this design and construction work is ongoing, the City is working to identify tenants for the two other retail buildings within the South Mall, which require minimal work, to commence tenant improvements in 2025, with new businesses opening in 2026.

FINANCIAL IMPACT:

Approval of the recommended actions will result in an appropriation in the amount of $1,158,022 from the Measure X Fund 120 to the South Mall Acquisition/Agreement, Operating and Maintenance, Project No. 79320.

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 the CEQA if the activity is covered by the commonsense 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. The approval of this agreement will not result in a significant effect on the environment.

Therefore, no environmental analysis is required.

PREPARED BY: JOEL BELDING, ECONOMIC DEVELOPMENT DIRECTOR REVIEWED BY: JUSTIN TUCKER, ASSISTANT CITY MANAGER
ATTACHMENTS:

1. Exhibit 1 – Location map

2. Exhibit 2 – Agreement

Attachment 1 – Location Map

DATE: 02/19/2025
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
2025-54

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

ZONE TEXT AMENDMENT 2024-0004 TO TITLE 17 OF THE CORONA MUNICIPAL CODE AMENDING CHAPTER 17.85 TO ADD CERTAIN REGULATIONS FOR ACCESSORY DWELLING UNITS CONSISTENT WITH STATE LAW (APPLICANT:

CITY OF CORONA)
EXECUTIVE SUMMARY:

This staff report asks the City Council to approve Zone Text Amendment 2024-0004 (ZTA2024-0004) to amend Title 17 of the Corona Municipal Code (CMC) amending Chapter 17.85 to add certain regulations for Accessory Dwelling Units (ADUs). Recently adopted state legislation by Senate Bill 1211 (SB 1211) and Assembly Bill 2533 (AB 2533) established additional regulations for ADUs on properties that include multiple family residential, and added that uncovered parking spaces converted or removed to accommodate the construction of an ADU is not required to be replaced. The amendment to CMC Chapter 17.85 is to keep the City’s ADU ordinance consistent with state law.

RECOMMENDED ACTION:

That the City Council:
a. Approve Zone Text Amendment 2024-0004, as recommended by the Planning and Housing Commission.
b. Introduce, by title only, and waive full reading of consideration of Ordinance No. 3410, first reading of an ordinance amending Chapter 17.85 of Title 17 (Zoning) of

the Corona Municipal Code to modify the regulations for accessory dwelling units pursuant to Senate Bill 1211 and Assembly Bill 2533.

BACKGROUND & HISTORY:

Chapter 17.85 of the Corona Municipal Code governs the City’s regulations for ADUs.

California Government Code Section 66310 - 66342 requires local jurisdictions to permit ADUs on single family and multiple family residential properties according to the regulations of state law. Local ordinances governing ADUs that are inconsistent and more restrictive than the requirements of state law are not valid, and the local jurisdiction is required to permit ADUs according to the state law until the jurisdiction adopts an ordinance that is consistent with state law.

CMC Chapter 17.85 was last amended in 2020 to include regulations that were adopted by state legislation regarding ADUs. Recently, SB 1211 and AB 2533 were approved by the California Governor on September 19, and September 28, 2024, respectively, establishing additional regulations for ADUs.

SB 1211
This bill amends the state’s ADU law to include the following.  Prohibits a local agency from requiring the replacement of off-street parking spaces if an uncovered parking space is demolished in conjunction with the construction of, or is converted to, an ADU.
 Adds a definition of livable space for provisions governing ADUs to mean a space in a dwelling intended for human habitation, including living, sleeping, eating, cooking, or sanitation.
 Requires a local agency to ministerially approve up to eight detached ADUs located on a property with an existing multifamily dwelling, provided that the number of ADUs does not exceed the number of existing units on the property, and up to two detached ADUs on a property with a proposed multifamily dwelling.

AB 2533
This bill amends the state’s ADU law to prohibit a local agency from denying a permit for an unpermitted ADU or junior ADU that was constructed before January 1, 2020, for those violations, unless the local agency makes a finding that correcting the violation is necessary to comply with the conditions that would otherwise deem a building substandard.

SB 1211 and AB 2533 went into effect on January 1, 2025.

ANALYSIS:

The following identifies the changes to CMC Chapter 17.85.

 Section 17.85.020, Definitions. The definition of livable space is being added to this section.
 Section 17.85.030, General Requirements. The number of ADUs that are permitted on property with multifamily residential dwellings is being updated to reflect that permitted by SB 1211. Other miscellaneous changes involve cleaning up the language of the existing ordinance.
 Section 17.85.040, Development Standards. The parking language is being updated to include an uncovered parking space that is converted to an ADU or demolished in conjunction with the construction of an ADU is not required to be replaced.
 Section 17.85.080, Non-Permitted Accessory Dwelling Units or Junior Accessory Dwelling Units. This is a new section added to Chapter 17.85 to address the requirement of AB 2533 regarding the issuance of a building permit by the local jurisdiction for a previously constructed but nonpermitted ADU or junior ADU subject to the requirements of Government Code Section 66332.

FINANCIAL IMPACT:

ZTA2024-0004 is a City-initiated amendment; therefore, no application fees were paid for the processing of this application.

ENVIRONMENTAL ANALYSIS:

The City Council has reviewed and considered the information contained in the preliminary exemption assessment and the administrative records for this Zone Text Amendment, including all written and oral evidence. Based upon the facts and information contained in the administrative record, including all written and oral evidence presented to the City Council, the City Council finds this action exempt pursuant to Public Resources Code Section 21080.17, which states that the California Environmental Quality Act (CEQA) does not apply to the adoption of an ordinance by a City to implement Article 2 (commencing with Section 66314) of Chapter 13 of Division 1 of Title 7 of the Government Code. This action implements the requirements of SB 1211 and AB 2533, which amended sections included within Article 2 of Chapter 13 of Division 1 of Title 7 of the Government Code. Therefore, no environmental analysis is required.

PLANNING AND HOUSING COMMISSION ACTION:

At its meeting of January 21, 2025, the Planning and Housing Commission considered the subject matter and took the following action:

Motion was made, seconded (Alexander/Siqueland) and carried with Commissioners’ Woody and Vernon absent, that the Planning and Housing Commission recommend approval of ZTA2024-0004 to the City Council, based on the findings and conditions contained in the Staff Report. The minutes of the Planning and Housing Commission meeting are included as Exhibit 4.

PREPARED BY: JOANNE COLETTA, PLANNING AND DEVELOPMENT DIRECTOR ATTACHMENTS:

1. Exhibit 1 – Ordinance No. 3410

2. Exhibit 2 – Redline version of CMC Chapter 17.85

3. Exhibit 3 – Planning and Housing Commission staff report

4. Exhibit 4 – Minutes of the Planning and Housing Commission meeting of January 21, 2025

ORDINANCE NO. 3410

AN ORDINANCE OF THE CITY OF CORONA,
CALIFORNIA, AMENDING CHAPTER 17.85 OF
TITLE 17 (ZONING) OF THE CORONA MUNICIPAL

CODE TO MODIFY THE REGULATIONS FOR

ACCESSORY DWELLING UNITS PURSUANT TO
SENATE BILL 1211 AND ASSEMBLY BILL 2533
(ZTA2024-0004).

WHEREAS, Article XI, § 7 of the California Constitution authorizes cities to make and enforce within their jurisdictional limits ordinances and regulations not in conflict with general laws to protect and promote the public health, safety, and welfare of its citizens; and WHEREAS, California Senate Bill 1211 (“SB 1211”), which was signed by Governor Newsom on September 19, 2024 and amends Sections 66313, 66314 and 66323 of the California Government Code, amends State law pertaining to accessory dwelling units (“ADU”) to: (1) prohibit a local agency from requiring the replacement of off-street parking spaces if an uncovered parking space is demolished in conjunction with the construction of, or is converted to, an ADU; and (2) require a local agency to ministerially approve up to eight detached ADUs located on a property with an existing multifamily dwelling, provided that the number of ADUs does not exceed the number of existing units on the property, and up to two detached ADUs on a property with a proposed multifamily dwelling; and
WHEREAS, California Assembly Bill 2533 (“AB 2533”), which was signed by Governor Newsom on September 28, 2024 and amends Section 66332 of the California Government Code, amends State law pertaining to ADUs to prohibit a local agency from denying a permit for an unpermitted ADU or junior ADU that was constructed before January 1, 2020, for those violations, unless the local agency makes a finding that correcting the violation is necessary to comply with the conditions that would otherwise deem a building substandard; and WHEREAS, in response to these changes in State law, the City wishes to amend Chapter 17.85 (Accessory Dwelling Unit) of Title 17 (Zoning) of the Corona Municipal Code (“CMC”) to align the City’s zoning regulations pertaining to ADUs with SB 1211 and AB 2533; and
WHEREAS, on January 21, 2025, the Planning and Housing Commission of the City of Corona (“Planning Commission”) conducted a duly noticed public hearing and recommended that the City Council amend Chapter 17.85 of the CMC to modify the regulations for ADUs to be consistent with SB 1211 and AB 2533 (ZTA2024-0002) (“Zone Text Amendment”); and
WHEREAS, the Planning Commission based its recommendation to adopt the Zone Text Amendment on the findings set forth below; and