Corona City Council
March 19, 2025

Wednesday, March 19, 2025
Closed Session Council Board Room 4:30 PM
Open Session Council Chambers 6:30 PM
** Revised agenda on Wednesday, March 19, 2025 at 10:40 a.m. Items 5.1 and 5.2 - presentations were added.** This meeting will be conducted in person. You can participate remotely: https://coronacagov.zoom.us/j/88034539349?pwd=Ja9y3fF2rHP29NU9LQC22iKqI6VQaz.1

1. CONVENE CLOSED SESSION

1.1 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code Section 54956.8
Property: 117-143-009, 117-143-036, 117-143-018, 117-143-017 Agency Negotiator: Jacob Ellis, City Manager
Negotiating Parties: Frank Torres, Moses and Danny Cortez, Mowbray Hagan, David Pathe Under Negotiation: Price and Terms of Payment

1.2 CONFERENCE WITH LEGAL COUNSEL-ANTICIPATED LITIGATION Pursuant to Government Code Section 54956.9(d)(4) Initiation of Litigation - One Case

1.3 CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Pursuant to Government Code Section 54956.9(d)(2)
Possible initiation of litigation: (1 potential case) (KOA Corporation/Lochner billing dispute)

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

3. PLEDGE OF ALLEGIANCE

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

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

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS

5.1 PRESENTATION: HOMELESSNESS IN CORONA UPDATE

5.2 PRESENTATION: DOWNTOWN REVITALIZATION PLAN UPDATE

6. MEETING MINUTES

6.1 MINUTES - CITY COUNCIL MEETING MARCH 5, 2025
Approval of Minutes for the City Council, Successor Agency to the Redevelopment Agency of the City of Corona, Corona Public Financing Authority, Corona Utility Authority, Corona Housing Authority City Council Meeting of March 5, 2025

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

7.1 CITY COUNCIL ADOPTION OF ORDINANCE NO. 3412, SECOND READING OF AN ORDINANCE

OF THE CITY OF CORONA, CALIFORNIA
Amending Section 5.02.035 of Chapter 5.02 of the Corona Municipal Code to exclude home occupations from the requirement for a fire inspection prior to issuance of a business license.

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

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

CORONA HOUSING AUTHORITY TO RECEIVE AND FILE THE MONTHLY INVESTMENT PORTFOLIO REPORT FOR JANUARY 2025
That the City Council receive and file the monthly investment portfolio report for January 2025.

7.3 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 JANUARY 2025
That the City Council receive and file the monthly fiscal report for January 2025.

7.4 2024 ANNUAL PROGRESS REPORT FOR THE GENERAL PLAN AND HOUSING ELEMENT, FOR

SUBMITTAL TO THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT AND THE GOVERNOR’S OFFICE OF LAND USE AND CLIMATE INNOVATION That the City Council accept the General Plan and Housing Element Annual Progress Report to be submitted to the California Department of Housing and Community Development and Governor’s Office of Land Use and Climate Innovation, for the 2024 calendar year.

That the Corona Housing Authority accept and to the extent necessary, direct that the City Council take the above actions.

7.5 COOPERATIVE AGREEMENT BETWEEN THE CITY OF CORONA, RIVERSIDE COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT, AND CORONA 4 LAND, LLC FOR THE

PROPOSED STORM DRAIN BOX EXTENSION UNDERNEATH CORONA AVENUE AND INTERSTATE 15 (APPLICANT: CORONA 4 LAND LLC)

That the City Council:

Approve the Cooperative Agreement between the City of Corona, the Riverside County Flood Control and Water Conservation District and Corona 4 Land, LLC, for the storm drain facilities improvement project.
a.

Authorize the City Manager, or his designee, to execute the Cooperative Agreement between the City of Corona, the Riverside County Flood Control and Water Conservation District and Corona 4 Land, LLC, for the storm drain facilities and related maintenance access roads associated with Tract Map 35851.
b.

7.6 PROFESSIONAL SERVICES AGREEMENT WITH KIMLEY-HORN AND ASSOCIATES, INC. IN THE AMOUNT OF $269,750 FOR THE PREPARATION OF AN ENVIRONMENTAL IMPACT REPORT FOR THE CAJALCO INDUSTRIAL PROJECT PROPOSED BY SHEA PROPERTIES (RFP 25-020AT) That the City Council:

Award the Request for Proposal 25-020AT to Kimley-Horn and Associates, Inc. for the preparation of an Environmental Impact Report for the Cajalco Industrial Project. a.

Approve the Professional Services Agreement with Kimley-Horn and Associates, Inc. in the amount of $269,750 for a two-year term beginning in Fiscal Year 2025 with one optional oneyear extension. b.

Authorize the City Manager, or his designee, to execute the Professional Services Agreement and to negotiate and execute any non-substantive extensions, change orders, purchase orders, and amendments up to the lesser amount of either $100,000 or 10% of the original contract amount as authorized in Corona Municipal Code Section 3.08.070(I). c.

Authorize an appropriation in the amount of $323,700 to the Planning and Development Department operating budget and increase revenue estimates by the same amount in the General Fund for the preparation of the Environmental Impact Report for the Cajalco Industrial Project and for City staff time on managing and reviewing the EIR. d.

7.7 RESOLUTION ACKNOWLEDGING THE SUBMISSION AND PUBLIC RELEASE OF CORONA POLICE DEPARTMENT 2024 ANNUAL MILITARY EQUIPMENT REPORT AND RENEWING ORDINANCE NO. 3347
That the City Council approve the attached resolution acknowledging the submission and public release of the Corona Police Department 2024 Annual Military Equipment Report (Policy 709 and AB 481) and renewing Ordinance No. 3347 which adopted Policy 709.

7.8 CITY COUNCIL CONSIDERATION OF A SUBLEASE AGREEMENT BETWEEN CORONA

EXECUTIVE HANGARS AND ALVAREZ CUSTOM COVERS TO OPERATE AN INTERIOR

UPHOLSTERY FABRICATION AND INSTALLATION BUSINESS AT THE CORONA MUNICIPAL

AIRPORT
Approve a Sublease Agreement between Corona Executive Hangars and Alvarez Custom Covers.
a.

Recommend to the U.S. Army Corps of Engineers (USACOE) approval of the request by Corona Executive Hangars to permit Alvarez Custom Covers to establish this business at the Corona Municipal Airport.
b.

7.9 CITY COUNCIL CONSIDERATION OF A SUBLEASE AGREEMENT BETWEEN CW

TRANSPORTATION AND BARNSTORMERS BIPLANE RIDES TO OPERATE AN AERIAL TOUR

AND FLIGHT EXPERIENCE BUSINESS AT THE CORONA MUNICIPAL AIRPORT Approve a Sublease Agreement between CW Transportation and Barnstormers Biplane Rides.
a.

Recommend to the U.S. Army Corps of Engineers (USACOE) approval of the request by CW Transportation to permit Barnstormers Biplane Rides to establish this business at the Corona Municipal Airport.
b.

7.10 CHANGE ORDER WITH CORE-ROSION PRODUCTS FOR AS-NEEDED CHEMICAL TANK

PURCHASES
That the City Council authorize the City Manager, or his designee, to execute a change order to the purchase order with Core-Rosion Products, in the amount of $100,000 for an annual purchase amount of $200,000 per fiscal year beginning Fiscal Year 2025 and for subsequent years, including nonsubstantive extensions, change orders and amendments up to 10% or $20,000, as authorized in Corona Municipal Code Section 3.08.080(I).

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

7.11 THIRD AMENDMENT TO THE MAINTENANCE/GENERAL SERVICES AGREEMENT WITH

GENUINE PARTS COMPANY (DBA NAPA AUTO PARTS)
That the City Council:

Approve the Third Amendment to the Maintenance/General Services Agreement with Genuine Parts Company (DBA NAPA Auto Parts).
a.

Authorize the City Manager, or his designee, to execute the Third Amendment to the Maintenance/General Services Agreement with Genuine Parts Company (DBA NAPA Auto Parts) for $575,000 per fiscal year for the initial contract term ending December 3, 2028. b.

Authorize the City Manager, or his designee, to execute three additional one-year Amendments to the Maintenance/General Services Agreement with Genuine Parts Company (DBA NAPA Auto Parts) in conjunction with Sourcewell.
c.

Authorize the City Manager, or his designee, to negotiate and execute non-substantive extensions, change orders, and amendments up to 10% or $57,500 as authorized in Corona Municipal Code Section 3.08.060(J).
d.

Make a determination under Corona Municipal Code Section 3.08.140(C) that competitive bidding has been satisfied for this purchase based upon the reasons provided in this agenda report.
e.

Authorize the City Manager, or his designee, to issue a purchase order to Genuine Parts Company (DBA NAPA Auto Parts) for $575,000 per fiscal year through December 3, 2028. f.

7.12 MAINTENANCE/GENERAL SERVICES AGREEMENT WITH INNOVATIVE DESIGN AND SHEET METAL PRODUCTS, INC., (DBA INNOVATIVE EMERGENCY EQUIPMENT) FOR UPFITTING OF POLICE VEHICLES AND AS-NEEDED FOR OTHER DEPARTMENT’S VEHICLES That the City Council:
a. Approve the Maintenance/General Services Agreement with Innovative Design and Sheet

Metal Products, Inc., (DBA Innovative Emergency Equipment).

Authorize the City Manager, or his designee, to execute the Maintenance/General Services Agreement with Innovative Design and Sheet Metal Products, Inc. (DBA Innovative Emergency Equipment) for $650,000 per fiscal year for the initial contract term ending September 30, 2029.
b.

Authorize the City Manager, or his designee, to negotiate and execute any non-substantive extensions, change orders, and amendments up to 10% or $65,000 as authorized in Corona Municipal Code Section 3.08.060(J).
c.

Make a determination under Corona Municipal Code Section 3.08.140(C) that competitive bidding has been satisfied for this purchase based upon the reasons provided in this agenda report.
d.

Authorize the City Manager, or his designee, to issue a purchase order for Innovative Emergency Equipment for $650,000 per fiscal year through September 30, 2029. e.

7.13 MAINTENANCE/GENERAL SERVICES AGREEMENT WITH PROFESSIONAL METERS, INC. FOR

THE INSTALLATION OF ADVANCED METERING INFRASTRUCTURE METERS That the City Council:

Approve the Maintenance/General Services Agreement with Professional Meters, Inc. for installing Advanced Metering Infrastructure meters, the lowest responsive, responsible bidder, and waive all minor irregularities in the bidding document as submitted by said bidder. a.

Authorize the City Manager, or his designee, to execute the Maintenance/General Services Agreement with Professional Meters, Inc., in the amount of $6,494,405 and to negotiate and execute any non-substantive extensions, purchase orders, change orders, and amendments up to 10% of the total contract cost or $649,440.
b.

Authorize an appropriation of $3,520,797 from the Water Utility Fund 570 and $125,568 from the Reclaimed Water Utility Fund 567 to the Citywide AMI Meter Replacement Capital Improvement Project No. UT-2022-03.
c.

Authorize an appropriation of $1,497,480 from the Water Utility Fund 570 to a new Operating and Maintenance Project titled Lead or Copper Service Line audit. d.

That the Corona Utility Authority review, ratify, and to the extent necessary, direct that the City Council take the above actions.

7.14 WAIVER FROM CORONA MUNICIPAL CODE SECTION 15.60.080 ON THE UNDERGROUNDING OF EXISTING OVERHEAD UTILITY WIRES LOCATED IN THE REAR YARD OF 912 BEVERLY ROAD (APPLICANT: JAVIER VILLANUEVA)
That the City Council waive the requirement from CMC Section 15.60.080 requiring the existing overhead utility wires located in the rear yard of 912 Beverly Road to be relocated underground.

7.15 NOTIFICATION OF CONTRACTED EMERGENCY TRANSMISSION WATER MAIN AND PARKING LOT REPAIRS AT 515 SOUTH PROMENADE AVENUE PURSUANT TO CORONA MUNICPAL CODE

3.08.130(A)
That the City Council receive and file the notification of contracted emergency transmission water main line and parking lot repairs at 515 South Promenade Avenue.

That the Corona Utility Authority review, ratify, and to the extent necessary, direct the City Council to take the above actions.

7.16 AUTHORIZE THE LRM DEPT TO PRE-ADVERTISE AND BEGIN RECRUITMENT FOR A SENIOR DEPUTY CITY ATTORNEY POSITION TO BE ADDED IN JULY 2025
That the City Council authorize the LRM Department, as part of its succession planning efforts, to preadvertise and begin recruitment for a Senior Deputy City Attorney position to be added in July 2025 (FY2026), so long as any advertisement and hiring decision is expressly contingent upon City Council approval of a FY 2026 budget that includes the position.

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

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

9.1 GENERAL PLAN AMENDMENT 2022-0004 TO CHANGE THE LAND USE DESIGNATION OF A 0.86-

ACRE PARCEL FROM GENERAL COMMERCIAL TO LIGHT INDUSTRIAL, LOCATED ON THE EAST SIDE OF PROMENADE AVENUE, APPROXIMATELY 170 FEET NORTH OF EAST SIXTH STREET (APN 115-210-032)
That the City Council:

Approve General Plan Amendment GPA2022-0004, as recommended by the Planning and Housing Commission and adopt the Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program.
a.

Adopt Resolution No. 2025-012 tentatively approving an amendment to the City’s General Plan to change the land use designation on 0.86 acres located on the east side of Promenade Avenue, approximately 170 feet north of East Sixth Street, from General Commercial to Light Industrial as part of Cycle 2 of the General Plan Amendment for calendar year 2025 (GPA 2022-004).
b.

9.2 CHANGE OF ZONE 2022-0004 TO CHANGE THE ZONING OF A 0.86-ACRE PARCEL FROM

GENERAL COMMERCIAL TO LIGHT MANUFACTURING, LOCATED ON THE EAST SIDE OF PROMENADE AVENUE, APPROXIMATELY 170 FEET NORTH OF EAST SIXTH STREET (APN 115- 210-032)
That the City Council:

Approve Change of Zone 2022-0004, as recommended by the Planning and Housing Commission.
a.

Introduce, by title only, and waive full reading of consideration of Ordinance No. 3413, first reading of an ordinance approving a change of zone to change the zoning on 0.86 acres located on the east side of Promenade Avenue, approximately 170 feet north of East Sixth Street, from C-3 (General Commercial) to M-1 (Light Manufacturing) (CZ2022-004). b.

9.3 GENERAL PLAN AMENDMENT 2024-0002 TO REVISE THE CITYWIDE ROADWAY PLAN WITHIN

THE CIRCULATION ELEMENT OF THE GENERAL PLAN TO REFLECT A CHANGE IN THE

ROADWAY CLASSIFICATION FOR A PORTION OF WEST ONTARIO AVENUE That the City Council:

Approve General Plan Amendment 2024-0002 as recommended by the Planning and Housing Commission, based on the findings contained in the staff report and adopt the Addendum to the certified General Plan Environmental Impact Report (SCH# 2018081039) pursuant to Section 15164 of the State CEQA Guidelines. a.

Approve Resolution No. 2025-014 tentatively approving an amendment to the City’s General Plan to revise the citywide roadway plan within the Circulation Element to change the roadway classification for a portion of West Ontario Avenue from Major Arterial 4 Lane to Major Arterial 6 Lane and to revise the Public Safety Element to update the definition and description of the City’s Local Hazard Mitigation Plan approving General Plan Amendment 2024-0002 as part of Cycle 2 of the General Plan Amendment for 2025 (GPA2024-0002). b.

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

10.1 FEEDBACK AND DIRECTION ON COUNCIL MEMBER DADDARIO’S REQUEST FOR A CITY

LOGO USAGE POLICY FOR YOUTH SPORTS ORGANIZATIONS
That the City Council provide feedback and direction on a logo usage policy for youth sports organizations.

10.2 RESOLUTION APPROVING CYCLE 2 OF THE GENERAL PLAN AMENDMENTS FOR 2025 TO INCLUDE GENERAL PLAN AMENDMENTS 2022-0004 AND 2024-0002 TO AMEND CERTAIN ELEMENTS OF THE GENERAL PLAN (APPLICANT: CITY OF CORONA) That the City Council adopt Resolution No. 2025-015 approving GPA2022-0004 and GPA2024-0002, amendments to the City’s General Plan as Cycle 2 of General Plan Amendments for 2025.

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

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

12.1 Library Board of Trustees

12.2 Planning & Housing Commission

12.3 Parks & Recreation Commission

12.4 Regional Meetings

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

ASSOCIATION OF GOVERNMENTS (SCAG) TRANSPORTATION COMMITTEE

MEETING OF MARCH 6, 2025

12.4.b UPDATE FROM WES SPEAKE ON THE RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC) MEETING OF MARCH 12, 2025

12.4.c UPDATE FROM VICE MAYOR CASILLAS ON THE CAL CITIES RIVERSIDE COUNTY DIVISION GENERAL MEMBERSHIP MEETING OF MARCH 10, 2025

13. CITY ATTORNEY'S REPORTS AND COMMENTS

14. CITY MANAGER'S REPORTS AND COMMENTS

15. CITY COUNCIL MEMBERS' REPORTS AND COMMENTS

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

16.1 (NEW) UPDATE CMC 9.52.030, NO EXCEPTION - CERTAIN CCW PERMITS (T. DADDARIO) TBD

16.2 (NEW) FEATHER FLAG PERMIT AMENDMENTS (W. SPEAKE) TBD

16.3 (NEW) EXPLORE CMC ORDINANCE CHANGES TO SET TIME LIMITS FOR SPECIFIC FOR TEMPORARY FENCING AND BOARDED UP WINDOWS (W. SPEAKE) TBD

16.4 (NEW) EXPLORE CORDON PRICING OF THE FOOTHILL CORRIDOR TO DETER CUT THROUGH TRAFFIC (W. SPEAKE) TBD

16.5 (NEW) REVIEW/AMEND SECTION 17.63.120 ALTERATION, RELOCATION OR DEMOLITION OF HISTORIC RESOURCES, SPECIFICALLY (D)(6) (W. SPEAKE) TBD

16.6 AUTOMATIC GATES AT PARKS (STAFF) MARCH/APRIL

16.7 ECONOMIC DEVELOPMENT STRATEGIC PLAN UPDATE (STAFF) APRIL 2, 2025

16.8 OPERATIONAL IMPROVEMENTS AT MAGNOLIA AVE AND EL SOBRANTE (W. SPEAKE) APRIL 2, 2025

16.9 MCKINLEY GRADE SEPARATION UPDATE (STAFF) APRIL 16, 2025

16.10 HISTORIC CIVIC CENTER (HCC) OPERATIONS PLAN (STAFF) APRIL/MAY

16.11 SKYLINE MASTER PLAN (STAFF) APRIL/MAY

16.12 HERITAGE ROOM POLICY UPDATES (STAFF) APRIL/MAY

16.13 CORPORATE AND COMMUNITY GIVING POLICY (STAFF) MAY 7, 2025

16.14 INCLUSIONARY HOUSING ORDINANCE (W. SPEAKE) – TBD

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

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

SPEAKE) TBD

16.17 WRCRWA REPRESENTATIVE CHANGE (W. SPEAKE) – TBD

17. ADJOURNMENT
The next regular meeting of the City Council is scheduled for April 2, 2025 or thereafter as noted on the posted agenda for closed session items in the City Council Board Room followed by the regular meeting at 6:00 p.m. or thereafter as noted on the posted agenda in the City Council Chambers.

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

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

Meeting is Being Recorded.

Homelessness in Corona Update
Karen Roper, Housing & Homeless Solutions Manager
March 19, 2025

City of Corona
Purpose…
 To provide an update on homelessness in Corona
2

City of Corona
Overview
 Homeless System of Services Outcomes
 Current and Emerging Trends
 Trend Analysis
 Solutions and Strategies for the Future
3

City of Corona
Unprecedented Progress!
 Homeless Plan Adopted June 2020
 A-to-Z System of Services Developed
 Best practice Sub-Regional Partnership with City of Norco  $28 million in Federal, State, and County grants
 Housing & Homeless Solutions Manager Reelected as CoC Chair 4

City of Corona
Safety Net Successes!
5

City of Corona
How Many People Do We Help Each Day?
Approximately 386-415 residents are served daily
Daily stats capture our A-to-Z system components
System components include Homeless Prevention, Emergency Shelter and Housing Programs
6

City of Corona
City of Corona Homeless Strategic Plan Trends
7

City of Corona
Point in Time Count Trends
8

City of Corona
Factors Impacting Spike in Street Homelessness
CPD accompanied all volunteers to known locations in 2025 Supreme Court Ruling on Grants Pass
Inventory of low-cost motels causing migration
PIT Count is only a snapshot in time. HMIS data is more reliable 9

City of Corona
Riverside County HMIS Data Trends
10 Page 20 of 1660
City of Corona
Solutions & Strategies for the Future
Implement Prop 36 (City)
Implement SB 43 Gravely Disabled (State/County)
Expand Augmented Board & Care Beds (State/County)
Expand Mandated Treatment Beds (State/County)
11 Page 21 of 1660
City of Corona
Questions?
(951) 847-6348
[email protected]
www.CoronaCA.gov
12 Page 22 of 1660
Joel Belding
Economic Development Director
March 19, 2025

Downtown revitalization
proposal presented without
funding or implementation
plan.

February 2021 Citywide
Strategic Plan Adopted after
extensive community
engagement.

March 2024 Council Direction
on Catalytic projects with
funding and implementation
plan.

Oct 2022 Downtown
Revitalization Plan adopted,
after extensive planning, study,
and community consultation.

Timeline
6 th Street Corridor
2015 2021 2022 2024 2025

6 th Street Corridor

6 th Street Corridor
Renovate building, rejuvenate plaza
landscape, refocus uses on Visual,
Performing, and Culinary arts
Redevelop the North Mall into a
thriving, vibrant mixed-use
development with retail,
residential, and commercial
components
Acquire and redevelop
remaining properties with
a focus on restaurant and
entertainment uses
Transform 6th Street from
Grand to Grand, into a
pedestrian-friendly,
single-lane enhanced
section of the street to
complement surrounding
redevelopment uses
Revitalize City Park based on the
Adopted City Park Revitalization
Masterplan to create a familyfriendly, community gathering place that becomes the focal
point for community gatherings
Install new gateway
signage on both West and
East 6th Street to welcome
visitors to Corona
Add medians, trees and
landscaping along the
entire 6th street corridor
Install large iconic gateway
signs that announces arrival in
the historic downtown Redesign and improve the
corridor between the
North and South Mall and
install an iconic feature in
the center of the Circle

Downtown Revitalization Project Plan
Add new medians with trees and landscaping along
the entire 6th street corridor, create a more visually
appealing and welcoming corridor through the
Downtown.

UPDATE
Consolidate Projects & Phase:
#1 Streetscape Enhancements
#8 Sixth & Main Beautification
#9 Street Transformation
 Design & Construction efficiencies
 Projects packaged for grant funding

Downtown Revitalization Project Plan
6th street from Grand and Grand will be transformed
into a more walkable downtown, reduce 6
th St. to
single lanes of traffic in each direction, widen
sidewalks, add parking, new medians and trees,
signage, and other streetscape enhancements to
create the sense of being in a downtown.

UPDATE
 6
th Street paving and restriping
 Concept selected and design in process

Downtown Revitalization Project Plan
Enhancements at 6
th and Main will include a redesign of
the streetscape between the North and South Mall,
creating an iconic feature at the center of the Circle, and other streetscape enhancements to create a sense
of place and arrival.

UPDATE
Phase 1: Main to Ramona - preparing for
construction early in 2026.
Phase 2: Grand to Grand - in design phase;
preparing for construction starting early 2027.

Gateway Signs to be included in this phase.
Phase 3: Raised Medians outside of Grand in design
phase; planning for construction after 2027.

Downtown Revitalization Project Plan
Renovate the remaining portions of the building that
were not improved with the 2015 renovations. Add a
new HVAC system for the building, repair and renew
aging windows and doors, and upgrade building
components to extend the life of the building and
preserve its use as a Visual, Performing, and Culinary
Arts Center for the community.

Timeline
Completion
10%
Design Bid Construction
2024 2025 2026 2027 2028
Scope RFP
UPDATE
Operations Plan being finalized now for
consideration by Council in Spring 2025

Downtown Revitalization Project Plan
Continue acquiring properties and redevelop the
North Mall into a thriving, vibrant, mixed-use
development with retail, residential, and commercial
components.

UPDATE
 Acquired 83% of suites
 Assisting City tenants with relocation
 Commenced master planning process
 Phase 1 demolition scheduled for
Summer 2025

Downtown Revitalization Project Plan
Revitalize City Park based on the adopted City Park
Revitalization Masterplan to create a family-friendly,
community gathering place that becomes the focal
point for recreation, concerts, festivals, and
celebrations.

UPDATE
 Design: Drawings at 60%
 Permitting: Fall 2025
 Bidding: Fall 2025
 Construction: Winter 2026
 Pursuing Grant Funding

Downtown Revitalization Project Plan
Update or replace the 6th street gateway signage on
both the east and west side, to create a more visually
appealing, welcoming, and recognizable gateway to
the City.

UPDATE
 Design work consolidated into the 6th
Street Beautification project.
 Installation anticipated in 2027

Downtown Revitalization Project Plan
Install iconic signs that announce your arrival in the
downtown. Two signs will be installed on 6
th and Grand
and one sign will be installed at 6
th and Main between
the North and South Mall properties, in the heart of the Downtown, near the Center of the Circle.

UPDATE
 Design work consolidated into the 6th
Street Beautification project.
 Installation anticipated in 2027

Downtown Revitalization Project Plan
Continue acquiring and redeveloping properties in
the South Mall to complement other redevelopment
projects to create a vibrant restaurant and
entertainment block to support a larger destination
experience for residents and visitors.

UPDATE
 Acquired 90% of properties
 Parking lot construction underway and on
track for completion by May
 Two new restaurants opening in May
 Significant interest from potential tenants
with additional recruitments underway
 Renovation of 601 and 725 S. Main Street in
design

Additional private retail
development coming to the
downtown core providing
new grocery, restaurant,
retail and more!
Identifying and pursuing
ownership of properties with
strategic value to the City
Grants to support businesses
by improving facades on
buildings in the Downtown
Increased enforcement along
6 th street, bike team, and
dedicated business outreach
to increase safety and
reduce theft and crime
6 th Street Corridor

Repair and resurface a
majority of streets in the
Downtown
Beautify and improve
downtown alleys with solar
lighting and wayfinding and
repave alleys using
permeable asphalt
Codify the Downtown
Revitalization Plan Design
Guidelines to shape the look
and feel of the Downtown
Use the new city brand to
create a unique character for
the downtown
6 th Street Corridor

Programmatic and capital
improvements to expand
participation, establish a
senior meal program,
diversify activities, and build
community
Install a highly-desired
splashpad and renovate the
community building at a
central park in the downtown
Large scale community
events bring energy to the
Downtown
Replace aging playground
equipment and install shade
for families to enjoy
6 th Street Corridor

Programmatic and capital
improvements to expand
participation, establish a
senior meal program,
diversify activities, and build
community
Demolish the old PD building,
connect the south lawn to 6th
street, and improve the
aesthetics of front lawn of the
HCC.
6 th Street Corridor

6 th Street Corridor
2024 2025 2026 2027 2028
 South Mall Parking Lot Design
 City Park Design
 North Mall Acquisitions
 6
th & Main Design
 Streetscape Enhancement Design
 Iconic Downtown Sign Design RFP
 6
th Street Transformation Design
 Historic Civic Center Scoping
 South Mall Building Acquisitions
 South Mall Parking Lot Complete
 City Park Design
 North Mall Master Plan and Demolition
 6
th and Main Design
 Streetscape Enhancement Design
 Iconic Downtown Sign Design
 Gateway Signage Design
 6
th Street Transformation Construction
 Historic Civic Center Operations Plan
 South Mall reopening
 City Park Construction
 North Mall Construction
 6
th and Main Complete
 Streetscape Enhancement Complete
 6
th Street Transformation Construction
 Historic Civic Center Construction
 South Mall fully leased
 City Park Construction
 North Mall Development Partner
 6
th and Main Construction
 Streetscape Enhancement Construction
 Iconic Downtown Sign Complete
 Gateway Signage Complete
 6
th Street Transformation Construction
 Historic Civic Center Design
 South Mall (601 & 725) Building Improvements
 City Park Grand Opening
 North Mall Construction
 6
th Street Transformation Complete
 Historic Civic Center Renovation Complete
2029
 North Mall Complete

DRAFT
1 City of Corona
City Council Minutes
Wednesday, March 5, 2025, 6:30 p.m.

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

1. CONVENE CLOSED SESSION
Closed Session Convened at 5:08 p.m. for the purposes listed below. Present were Mayor Steiner, Vice Mayor Casillas, Council Member Daddario, Council Member Richins, and Council Member Speake. Closed Session adjourned at 5:55 p.m.

1.1 CONFERENCEWITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code Section 54956.8
Agency Negotiator: Jacob Ellis, City Manager
Property: APN 117-143-018, 482 Corona Mall
Negotiating Parties: Mowbray and Mavis Hagan
Under Negotiation: Price & Terms of Payment

1.2 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code Section 54956.8
Property: 103-020-075, Southwest corner of the intersection of Paseo Grande and Foothill Parkway
Agency Negotiator: Jacob Ellis, City Manager
Negotiating Party: Gary Craig
Under Negotiation: Price and Terms of Payment

1.3 CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1)
Name of Case: City of Corona v. Native American Heritage Commission Riverside Superior Court Case No. CVRI2400445

1.4 CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION Pursuant to Government Code Section 54956.9(d)(2)
Significant Exposure to Litigation: (Citywide Pavement Rehabilitation Project)

2. INVOCATION
None.

DRAFT
2 3. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Mayor Steiner.

4. CONVENE OPEN SESSION
Mayor Steiner called the meeting to order at 6:33 p.m.

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS

5.1 RECOGNITION: CITY OF CORONA EMPLOYEE
Angela Nieto, Executive Assistant, accepted the Recognition.

5.2 COMMENDATION: LIFESAVING PATRONS/EMPLOYEES
Kena Gunter, Jay Chancellor, Luis Ponciano, Program Coordinator, accepted the Commendation.

5.3 PROCLAMATION: AMERICAN RED CROSS MONTH
Louise Borda accepted the Proclamation.

6. MEETING MINUTES

6.1 MINUTES - CITY COUNCIL MEETING FEBRUARY 19, 2025
Approval of Minutes for the City Council, Successor Agency to the Redevelopment Agency of the City of Corona, Corona Public Financing Authority, Corona Utility Authority, Corona Housing Authority City Council Meeting of February 19, 2025.

These Minutes were approved.

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

7. CONSENT CALENDAR
The Consent Calendar was approved.

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

7.1 CITY COUNCIL ADOPTION OF ORDINANCE NO. 3410, SECOND READING

OF AN ORDINANCE OF THE CITY OF CORONA, CALIFORNIA
THIS ORDINANCE WAS ADOPTED.

DRAFT
3 7.2 EXTENSION OF TIME AND ADDED CONDITIONS OF APPROVAL FOR TENTATIVE TRACT MAP 32386, LOCATED AT THE END OF SOUTH MAIN STREET IN THE AREA SOUTH OF FLETCHER DRIVE (APPLICANT: RCFC

INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY) Mayor Speake recused himself due to his conflict of interest in this property.

THIS ITEM WAS APPROVED.

That the City Council approve a two-year extension of time for Tentative Tract Map 32386, expiring on January 14, 2027, based on existing and the added conditions of approval.

7.3 ADMINISTRATIVE SERVICES AGREEMENT FOR THE COUNTY SERVICE AREA 152 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM

PROGRAM
THIS ITEM WAS APPROVED.

That City Council authorizes the City Manager, or his designee, to execute the Administrative Services Agreement for the County Service Area 152 NPDES Program between the City and the County.

7.4 RELEASE OF MASS GRADING SECURITY POSTED BY ARANTINE HILLS

HOLDINGS LP, A DELAWARE LIMITED PARTNERSHIP FOR TRACT MAP 36294 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF
INTERSTATE 15 (APPLICANT: ARANTINE HILLS HOLDINGS LP, A

DELAWARE LIMITED PARTNERSHIP)
THIS ITEM WAS APPROVED.

That the City Council release the mass grading and erosion control securities associated with Tract Map 36294. (Bond No. PB02497500365 and DEP16-0073)

7.5 RELEASE OF RETAINING WALL SECURITY POSTED BY ARANTINE HILLS

HOLDINGS LP, A DELAWARE LIMITED PARTNERSHIP FOR TRACT MAP 37644 LOCATED SOUTH OF EAGLE GLEN PARKWAY AND WEST OF
INTERSTATE 15 (APPLICANT: ARANTINE HILLS HOLDINGS LP, A

DELAWARE LIMITED PARTNERSHI
THIS ITEM WAS APPROVED.

That the City Council release the retaining wall security associated with Tract Map 37644. (Bond No. PB02497501062)

7.6 PROFESSIONAL SERVICES AGREEMENT WITH ALBERT A. WEBB ASSOCIATES, INC. FOR DESIGN AND ENGINEERING SERVICES FOR

MULTIPLE MOTOR CONTROL CENTERS EQUIPMENT REPLACEMENT AND

UPGRADE PROJECT
THIS ITEM WAS APPROVED.

That the City Council:
a. Award Request for Proposals 24-082AT to Albert A. Webb Associates, Inc. for design, bid support, engineering support during construction, and

DRAFT
4 closeout services for the Motor Control Center replacement and upgrade projects.
b. Approve Professional Services Agreement with Albert A. Webb Associates, Inc. of Riverside, CA, in the amount of $454,984 for design, bid support, engineering support during construction, and closeout services for the Motor Control Center replacement and upgrade projects. c. Authorize the creation of a new Operating and Maintenance Project titled Sierra Del Oro Treatment Plant MCC 1 and 2 Design.
d. Authorize an appropriation in the amount of $100,000 from the Water Utility Fund 570 to the newly created Sierra Del Oro Treatment Plant MCC 1 and 2 Design Operating and Maintenance Project.
e. Authorize an appropriation in the amount of $100,000 from the Water Utility Fund 570 to the Border Potable Booster MCC Design Operating and Maintenance Project No. 78250.
f. Authorize the City Manager, or his designee, to execute a Professional Services Agreement with Albert A. Webb Associates, Inc. in the amount of $454,984 including any non-substantive extensions, change orders, purchase orders, and amendments up to $45,498 or 10% of the total contract amount.

That the Corona Utility Authority review, ratify, and to the extent necessary, direct the City Council to take the above actions.

7.7 APPROVE THE FUNDING AGREEMENT WITH THE RIVERSIDE COUNTY

FLOOD CONTROL AND WATER CONSERVATION DISTRICT AND CREATE A

NEW CAPITAL IMPROVEMENT PROJECT FOR THE DESIGN AND

CONSTRUCTION OF THE CORONA STORM DRAIN CATCH BASIN

RETROFIT PROGRAM
THIS ITEM WAS APPROVED.

That the City Council:
a. Approve the Funding Agreement with the Riverside County Flood Control and Water Conservation District for the construction, operation, and maintenance of Corona Storm Drain Catch Basin Retrofit. b. Authorize the City Manager, or his designee, to execute the Funding Agreement with the Riverside County Flood Control and Water Conservation District to memorialize the mutual understandings by and

DRAFT
5 between the District and City of Corona with respect to construction, ownership, operation, and maintenance of Corona Storm Drain Catch Basin Retrofit and the payment of construction contribution. c. Authorize an estimated revenue increase in the amount of $1,000,000 in the Public Works Grants/Agreement Fund 243 for the Citywide Storm Drain Catch Basin Filters Capital Improvement Project No. ST-2023-06.

7.8 CONSTRUCTION CONTRACT WITH R C FOSTER CORPORATION IN THE AMOUNT OF $785,000 FOR THE WELL 14 REHABILITATION AND
EQUIPPING PROJECT NO. UT-2013-03; NOTICE INVITING BIDS 25-036SB THIS ITEM WAS APPROVED.

That the City Council:
a. Adopt the Plans and Specifications for the Well 14 Rehabilitation and Equipping Project No. UT-2013-03, Notice Inviting Bids 25-036SB. b. Award Notice Inviting Bids 25-036SB, to R C Foster Corporation, the lowest responsive, responsible bidder, for the total bid amount of $785,000, and waive any and all minor irregularities in the bidding document as submitted by said bidder.
c. Approve the Construction Contract with R C Foster Corporation for the Well 14 Rehabilitation and Equipping Project, Project No. UT-2013-03 in the amount of $785,000.
d. Authorize the City Manager, or his designee, to execute the Construction Contract with R C Foster Corporation, in the amount of $785,000, including any non-substantive extensions, change orders, purchase orders, and amendments up to 10% of total contract cost or $78,500 as authorized in Section 3.08.050(H) of the Corona Municipal Code.

That the Corona Utility Authority review, ratify, and to the extent necessary, direct the City Council to take the above actions.

8. COMMUNICATIONS FROM THE PUBLIC
Maddy Paxton, resident, addressed the Council to provide an overview on local government.

9. PUBLIC HEARINGS
None.

10. ADMINISTRATIVE REPORTS
None.

11. LEGISLATIVE MATTERS

11.1 ORDINANCE AMENDING SECTION 5.02.035 OF CHAPTER 5.02 OF THE

CORONA MUNICIPAL CODE TO EXCLUDE HOME OCCUPATIONS FROM

THE REQUIREMENT FOR A FIRE INSPECTION PRIOR TO ISSUANCE OF A

BUSINESS LICENSE

DRAFT
6 Vice Mayor Casillas had inquiries and Dean Derleth, City Attorney, provided clarification.

Moved by: Tom Richins
Seconded by: Jacque Casillas
That the City Council introduce, by title only, and waive full reading of consideration of Ordinance No. 3412, the first reading of an ordinance amending Section 5.02.035 of Chapter 5.02 of the Corona Municipal Code to exclude home occupations from the requirement for a fire inspection prior to issuance of a business license.

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

12. REPORTS FROM BOARDS AND COMMISSIONS

12.1 Library Board of Trustees
None.

12.2 Planning & Housing Commission

12.2.a CONDITIONAL USE PERMIT 2024-0010 TO ALLOW THE ESTABLISHMENT

OF A NEW LIQUOR STORE WITHIN AN EXISTING COMMERCIAL SUITE LOCATED AT 511 NORTH MAIN STREET IN THE COMMERCIAL RETAIL DISTRICT OF THE NORTH MAIN STREET SPECIFIC PLAN (APPLICANT:

WASEF HOUCH)
The Council agreed to take no action.

That the City Council:
a. Take no action, thereby affirming the Planning and Housing Commission’s action granting CUP2024-0010, based on the findings contained in the staff report and conditions of approval.

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

12.3 Parks & Recreation Commission
None.

12.4 Regional Meetings

12.4.a UPDATE FROM MAYOR JIM STEINER ON THE RIVERSIDE TRANSIT AGENCY (RTA) BOARD MEETING OF FEBRUARY 27, 2025
Mayor Steiner provided an update.

DRAFT
7 12.4.b UPDATE FROM VICE MAYOR JACQUE CASILLAS ON THE BEDFORD

COLDWATER GROUNDWATER SUSTAINABILITY AUTHORITY (BCGSA)
MEETING OF FEBRUARY 20, 2025
Vice Mayor Casillas provided an update.

12.4.c UPDATE FROM VICE MAYOR JACQUE CASILLAS ON THE WESTERN

RIVERSIDE COUNCIL OF GOVERNMENTS (WRCOG) MEETING OF
MARCH 3, 2025
Vice Mayor Casillas provided an update.

12.4.d UPDATE FROM COUNCIL MEMBER WES SPEAKE ON THE RIVERSIDE

COUNTY TRANSPORTATION COMMISSION (RCTC) WESTERN
PROGRAMS MEETING OF FEBRUARY 24, 2025
Council Member Speake provided an update.

12.4.e UPDATE FROM COUNCIL MEMBER WES SPEAKE ON THE SANTA ANA

WATERSHED PROJECT AUTHORITY (SAWPA) ONE WATER/ONE
WATERSHED STEERING COMMITTEE MEETING OF FEBRUARY 27, 2025 Council Member Speake provided an update.

13. CITY ATTORNEY'S REPORTS AND COMMENTS
None.

14. CITY MANAGER'S REPORTS AND COMMENTS
None.

15. CITY COUNCIL MEMBERS' REPORTS AND COMMENTS
Council Member Daddario provided a brief overview of the Corona Auto-X 2025 hosted by the Corona Fire Department.

Council Member Speake provided a brief overview of the previous HOA meeting and the El Sobrante landfill fires.

Council Member Richins provided a brief overview of The Church of Jesus Christ of Latter Day Saints award ceremony.

15.1 APPOINTMENT TO THE LIBRARY BOARD OF TRUSTEES
THIS ITEM WAS TAKEN OUT OF ORDER.

AFTER 5.3.

Council Member Speake appointed Leslie Liddell to the Library Board of Trustees.

Ms. Liddell thanked the Council for this opportunity.

Moved by: Wes Speake
Seconded by: Tom Richins
That the City Council approve the appointment to the Library Board of Trustees.

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

16. FUTURE AGENDA ITEMS

16.1 (NEW) WRCRWA REPRESENTATIVE CHANGE (W. SPEAKE) - TBD The consensus of the Council was to bring back to a future meeting.

16.2 POLICY FOR THE USE OF THE CITY’S LOGO FOR LOCAL YOUTH SPORTS LEAGUES (T. DADDARIO) MARCH 19, 2025

16.3 DOWNTOWN REVITALIZATION UPDATE (STAFF) MARCH 19, 2025

16.4 AUTOMATIC GATES AT PARKS (STAFF) MARCH/APRIL

16.5 ECONOMIC DEVELOPMENT STRATEGIC PLAN UPDATE (STAFF) APRIL 2, 2025

16.6 MCKINLEY GRADE SEPARATION UPDATE (STAFF) APRIL

16.7 HISTORIC CIVIC CENTER (HCC) OPERATIONS PLAN (STAFF) APRIL/MAY

16.8 SKYLINE MASTER PLAN (STAFF) APRIL/MAY

16.9 INCLUSIONARY HOUSING ORDINANCE (W. SPEAKE) – TBD

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

16.11 REALIGNMENT OF THE INTERSECTION OF MAGNOLIA/EL SOBRANTE (W.

SPEAKE) TBD

16.12 FUTURE CIP FOR DEDICATED RIGHT TURN LANE FOR WB BEDFORD TOCAJALCO (W. SPEAKE) TBD

16.13 CORPORATE AND COMMUNITY GIVING POLICY (STAFF) TBD

17. ADJOURNMENT
The next scheduled meeting of the Council is on March 19, 2025. Mayor Steiner adjourned the meeting at 7:51 p.m.

DATE: 03/05/2025
TO: Honorable Mayor and City Council Members
FROM: Fire Department
2025-74

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

ORDINANCE AMENDING SECTION 5.02.035 OF CHAPTER 5.02 OF THE CORONA

MUNICIPAL CODE TO EXCLUDE HOME OCCUPATIONS FROM THE REQUIREMENT

FOR A FIRE INSPECTION PRIOR TO ISSUANCE OF A BUSINESS LICENSE EXECUTIVE SUMMARY:

This staff report recommends the City Council approve an ordinance amending the Corona Municipal Code to exclude home occupations from the requirement for a fire inspection prior to the issuance of a business license. When the City Council adopted the ordinance requiring a fire inspection before issuing a business license, it did not intend for the requirement to apply to home occupations.

RECOMMENDED ACTION:

That the City Council introduce, by title only, and waive full reading of consideration of Ordinance No. 3412, the first reading of an ordinance amending Section 5.02.035 of Chapter 5.02 of the Corona Municipal Code to exclude home occupations from the requirement for a fire inspection prior to issuance of a business license.

BACKGROUND & HISTORY:

On January 15, 2025, the City Council adopted Ordinance No. 3408 adding Section

5.02.035 to Chapter 5.02 of the Corona Municipal Code to require an inspection by the Corona Fire Department prior to issuance or transfer of a business license to a business

that will operate from a fixed location within the City. The intent of Section 5.02.035 is to ensure that businesses adhere to safety standards and allows the Fire Department to confirm that potential hazards, such as inadequate fire protection systems, unsafe storage of hazardous materials, or insufficient emergency exits, are addressed prior to the business commencing operations. These measures are essential to safeguarding public health, safety, and welfare for business operators, patrons, and the community.

Prior to adoption of Ordinance No. 3408, members of the public and the City Council expressed concern whether Section 5.02.035 would require a fire inspection for home occupations. The current wording of Section 5.02.035 requires a fire inspection for any business that will be carried on at a fixed place of business within the City, which could potentially be interpreted to apply to home occupations.

ANALYSIS:

Ordinance No. 3412 would amend Section 5.02.035 of the Corona Municipal Code to expressly exclude home occupations from the requirement for a fire inspection prior to issuance or transfer of a business license. Specifically, Section 5.02.035 would be amended to include the following provision:

For purposes of this section, a “fixed place of business within the city” shall not include a structure if the only business being conducted in the structure is a home occupation which is permitted pursuant to Chapter

17.80 of this code.

Adopting Ordinance No. 3412 will clarify the City’s intent in requiring the fire inspection prior to the issuance of a business license.

FINANCIAL IMPACT:

The adoption of this Ordinance will not have a financial impact.

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 simply amends the Corona Municipal Code to exclude home occupations from regulations regarding fire inspections for business licenses and will not have an impact on the environment.

PREPARED BY: CINDI SCHMITZ, FIRE MARSHAL

REVIEWED BY: BRIAN YOUNG, FIRE CHIEF
ATTACHMENTS:

1. Exhibit 1 – Ordinance No. 3412 (Redline Version)

2. Exhibit 2 – Ordinance No. 3412 (Clean Version)

JAMIER\08000.19004\10306105.1
ORDINANCE NO. 3412

AN ORDINANCE OF THE CITY OF CORONA,
CALIFORNIA, AMENDING SECTION 5.02.035 OF
CHAPTER 5.02 OF THE CORONA MUNICIPAL CODE TO

EXCLUDE HOME OCCUPATIONS FROM THE

REQUIREMENT FOR A FIRE INSPECTION PRIOR TO
ISSUANCE OF A BUSINESS LICENSE.

WHEREAS, Article XI, § 7 of the California Constitution authorizes cities to make and enforce within their limits all local, police, sanitary, and other ordinances and regulations not in conflict with general laws; and
WHEREAS, Corona Municipal Code (“CMC”) Chapter 5.02 establishes guidelines and procedures for the issuance of business licenses operating within the City of Corona (“City”); and
WHEREAS, on January 15, 2025, the City Council adopted Ordinance No. 3408 adding Section 5.02.035 to Chapter 5.02 of the CMC to require an inspection by the Corona Fire Department prior to issuance of a business license to a business that will operate from a fixed location within the City; and
WHEREAS, in adopting Ordinance No. 3408 the City Council did not intend to impose the requirement for an inspection upon home occupations that are permitted pursuant to Chapter 17.80 of the CMC; and
WHEREAS, the City Council desires to amend Section 5.02.035 of CMC Chapter

5.02 to clarify that the requirement for an inspection by the Corona Fire Department prior to issuance of a business license does not apply to home occupations.

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

SECTION 1. Amendment - Section 5.02.035 (Inspections). Section 5.02.035 (Inspections) of Chapter 5.02 (Business License Tax – Generally) of Title 5 (Business Licenses and Regulations) of the CMC is hereby amended to read as follows:
“5.02.035 Inspections.

As a prerequisite to initial issuance of a business license for a business to be carried on at a fixed place of business within the city, the fixed place of business shall be in compliance with all applicable provisions of the fire code and the location shall conform with the provisions of Title 17 of this code. Upon receipt of an application

JAMIER\08000.19004\10306105.1
for a business license for a business to be carried on at a fixed place of business within the city, the Collector shall immediately refer the application to the city official having responsibility for enforcing the fire code, who, within ten (10) days from the date of the application, shall make an inspection of the fixed place of business to determine compliance with all applicable provisions of the fire code. The applicant shall pay a fee established by resolution of the City Council for such inspection. For purposes of this section, a “fixed place of business within the city” shall not include a structure if the only business being conducted in the structure is a home occupation which is permitted pursuant to Chapter 17.80 of this code.” 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 19th day of March, 2025. ___________________________________
Mayor of the City of Corona, California
ATTEST:
____________________________________
City Clerk of the City of Corona, California

JAMIER\08000.19004\10306105.1

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 5
th day of March 2025, and thereafter at a regular meeting held on the 19th day of March 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 19th day of March 2025. _______________________________________
City Clerk of the City of Corona, California
(SEAL)

DATE: 03/19/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-83

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 JANUARY 2025 RECOMMENDED ACTION:

That the City Council receive and file the monthly investment portfolio report for January 2025.

____________________________________________________________________________________________________________________ Prepared By: Chandler Asset Management
City of Corona
Investment Portfolio Report
Month Ending January 31, 2025
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 January 31, 2025 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 December 31, 2024 459,819,325 $ 40,613,318 $ 500,432,643 $ Acquisitions / Additions:

Agency Notes - -
US Corporate Notes 5,737,022 5,737,022
LAIF 45,611,858 45,611,858
Money Market Fund 5,698,386 7 5,698,393
$ 57,047,266 7 $ 57,047,273
Dispositions / Withdrawals:

Agency Notes - -
US Corporate Notes 457,839 457,839
LAIF 33,200,000 33,200,000
Money Market Fund 5,737,022
Maturity 4,220,000 4,220,000 $ 43,614,860 $ 43,614,860
Gain/(Loss) on Dispositions (249,398) $ (249,398) $
Ending balance January 31, 2025 473,002,332 $ 40,613,325 $ $ 513,615,657 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

MONTHLY ACCOUNT STATEMENT
City of Corona Cons Account | Account #10003 | As of January 31, 2025 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: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 2

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Average Modified Duration 2.31
Average Coupon 3.42%
Average Purchase YTM 3.66%
Average Market YTM 4.45%
Average Quality* AA+
Average Final Maturity 2.71
Average Life 2.39
End Values as of
12/31/2024
End Values as of
01/31/2025
Market Value 456,281,046.71 470,630,086.40
Accrued Interest 2,646,011.22 2,823,014.85
Total Market Value 458,927,057.93 473,453,101.25
Income Earned 1,719,933.07 1,509,408.74
Cont/WD (14,800,000.00) 12,100,000.00
Par 464,705,263.39 477,959,074.41
Book Value 459,819,324.73 473,002,332.00
Cost Value 459,819,324.73 473,002,332.00
Government of The United States 32.52%
FHLMC 11.14%
LAIF 9.32%
FNMA 4.11%
Federal Home Loan Mortgage Corp 2.62%
International Bank for Recon and Dev 2.24%
Toyota Motor Corporation 1.46%
Massachusetts Mutual Life Insurance 1.32%
*The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 3

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 11.1 Compliant
Max Maturity (Years) 5.0 4.2 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 8.7 Compliant
Max % Issuer (MV) 5.0 1.2 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

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

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

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

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 25.4 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 8.1 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 43.9 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.3 Compliant
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 4

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 20.0 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 0.9 Compliant
Max % Issuer (MV) 5.0 0.9 Compliant
Max Maturity (Years)54 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

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

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

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

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

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 3.5 Compliant
Max % Issuer (MV) 10.0 2.2 Compliant
Max Maturity (Years)54 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 5

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
U.S. TREASURIES
Max % (MV) 100.0 32.5 Compliant
Max Maturity (Years) 5 4 Compliant
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 6

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Book Value 459,819,324.73 459,819,324.73
Maturities/Calls (4,220,000.00) (4,220,000.00)
Principal Paydowns (457,838.72) (457,838.72)
Purchases 57,047,265.59 57,047,265.59
Sales (38,937,021.76) (38,937,021.76)
Change in Cash, Payables, Receivables (186,572.35) (186,572.35) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) (62,825.49) (62,825.49)
Ending Book Value 473,002,332.00 473,002,332.00
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Market Value 456,281,046.71 456,281,046.71
Maturities/Calls (4,220,000.00) (4,220,000.00)
Principal Paydowns (457,838.72) (457,838.72)
Purchases 57,047,265.59 57,047,265.59
Sales (38,937,021.76) (38,937,021.76)
Change in Cash, Payables, Receivables (186,572.35) (186,572.35) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 1,166,032.41 1,166,032.41 Realized Gain (Loss) (62,825.49) (62,825.49)
Ending Market Value 470,630,086.40 470,630,086.40
Maturities / Calls
Month to Date (4,220,000.00)
Fiscal Year to Date (4,220,000.00)
Principal Paydowns
Month to Date (457,838.72)
Fiscal Year to Date (457,838.72)
Purchases
Month to Date 57,047,265.59
Fiscal Year to Date 57,047,265.59
Sales
Month to Date (38,937,021.76)
Fiscal Year to Date (38,937,021.76)
Interest Received
Month to Date 1,332,405.11
Fiscal Year to Date 1,332,405.11
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date 0.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 7

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 123,754.64 11/16/20210.89%
123,728.56
123,728.56

99.37 4.91%
122,974.47

30.25 0.03%
(754.09)
AAA/NA
AAA

0.97 0.16
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 121,767.82 07/13/20210.52%
121,756.96
121,756.96

99.66 3.58%
121,356.72

28.14 0.03%
(400.24)
AAA/NA
AAA

1.12 0.11
89238JAC9 TAOT 2021-D A3 0.71
04/15/2026 124,766.24 11/09/20210.71%
124,763.59
124,763.59

99.42 5.04%
124,040.81

39.37 0.03%
(722.77)
NA/AAA
AAA

1.20 0.13
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 445,399.19 02/15/20221.88%
445,332.20
445,332.20

99.26 4.76%
442,086.93
372.16

0.09%
(3,245.27)

AAA/AAA
NA

1.28 0.26
44935FAD6 HART 2021-C A3 0.74
05/15/2026 45,868.57 11/09/20210.75%
45,858.33
45,858.33

99.75 4.80%
45,752.57

15.09 0.01%
(105.76)
NA/AAA
AAA

1.28 0.06
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 301,261.15 05/10/20223.21%
301,245.49
301,245.49

99.60 4.64%
300,055.99
161.17

0.06%
(1,189.50)

AAA/AAA
NA

1.56 0.28
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 257,970.22 03/10/2022

2.33%
257,913.16
257,913.16

99.24 4.28%
256,015.22
266.00

0.05%
(1,897.94)
AAA/NA
AAA

1.62 0.39
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 135,893.26 10/13/20210.68%
135,889.80
135,889.80

99.22 4.37%
134,829.82

38.50 0.03%
(1,059.98)

AAA/AAA
NA

1.62 0.21
448977AD0 HART 2022-A A3 2.22
10/15/2026 377,934.79 03/09/20222.22%
377,920.24
377,920.24

99.36 4.70%
375,500.05
372.90

0.08%
(2,420.18)
NA/AAA
AAA

1.70 0.26
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 149,552.73 01/11/20221.26%
149,539.74
149,539.74

99.23 4.64%
148,399.25

78.52 0.03%
(1,140.49)
NA/AAA
AAA

1.79 0.23
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
100.49

4.55%
1,808,795.70
1,494.00

0.38%
10,412.89

AAA/AAA
NA

2.15 1.02
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
101.09

4.57%
1,632,606.41
3,883.18

0.35%
17,651.31
NA/AAA
AAA

2.29 1.21
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

99.67 4.60%
2,755,965.09
4,165.93

0.59%
(8,423.29)
NA/AAA
AAA

0.28 0.28
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
101.08

4.57%
1,511,183.82
2,462.18

0.32%
16,270.68
NA/AAA
AAA

2.47 1.22
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 1,847,713.49 02/22/2023

5.01%
1,847,376.83
1,847,376.83
100.39

4.62%
1,855,000.87
4,114.24

0.39%
7,624.04
AAA/NA
AAA

2.79 0.88
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
101.20

4.60%
1,098,020.00
2,565.42

0.23%
13,146.94
AAA/NA
AAA

2.96 1.52
44935WAD9 HALST 25A A3 4.83 01/18/2028 2,090,000.00 01/14/2025

4.83%
2,089,843.46
2,089,843.46
100.31

4.71%
2,096,491.54
2,523.68

0.45%
6,648.08
NA/AAA
AAA

2.96 1.82
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 8

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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
100.99

4.55%
3,468,917.53
7,953.93

0.74%
34,066.95

AAA/AAA
NA

3.54 1.36
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
101.09

4.50%
3,684,574.49
8,359.20

0.78%
40,584.88
NA/AAA
AAA

3.62 1.52
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
100.93

4.48%
2,018,526.20
4,426.67

0.43%
12,041.82
AAA/NA
AAA

1.79 1.67
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028 1,415,000.00 05/14/20245.27%
1,414,828.08
1,414,828.08
101.18

4.55%
1,431,736.90
2,692.82

0.30%
16,908.82
NA/AAA
AAA

3.80 1.51
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 1,985,000.00 03/25/2024

4.90%
1,980,890.43
1,980,890.43
100.45

4.55%
1,993,841.59
4,011.35

0.42%
12,951.16
AAA/NA
AAA

3.88 1.28
448973AD9 HART 2024-A A3 4.99
02/15/2029 2,000,000.00 03/26/20244.98%
2,000,781.25
2,000,781.25
100.75

4.59%
2,015,059.60
4,435.56

0.43%
14,278.35
NA/AAA
AAA

4.04 1.65
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
101.04

4.49%
1,874,343.75
1,601.48

0.40%
19,625.52

AAA/AAA
NA

4.07 1.40
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
101.30

4.69%
2,127,207.39
4,853.33

0.45%
27,617.94
AAA/NA
AAA

4.12 2.27
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
101.57

4.52%
3,118,317.81
7,136.04

0.66%
48,947.16
NA/AAA
AAA

4.21 2.03
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
100.95

4.53%
2,114,985.67
4,590.38

0.45%
20,103.20

AAA/AAA
NA

4.28 2.11
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

99.48 4.54%
2,317,847.42
4,442.53

0.49%
(11,806.34)

AAA/AAA
NA

4.70 2.49
Total ABS 40,711,882.10 4.79%
40,708,719.71
40,708,719.71
100.70

4.56%
40,994,433.62
77,114.03

8.71%
285,713.90

3.17 1.46
AGENCY
3135G03U5 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.625 04/22/2025 970,000.00 04/22/20200.67% 968,001.80
968,001.80

99.21 4.26%
962,310.62
1,667.19

0.20%
(5,691.18)
AAA/AA
AA

0.22 0.22
3135G04Z3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025 6,200,000.00 --0.51%
6,196,731.90
6,196,731.90

98.61 4.44%
6,113,782.80
3,788.89

1.30%
(82,949.10)
AAA/AA
AA

0.38 0.36
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

98.23 4.25%
6,188,326.89
656.25

1.31%
(89,572.71)
AAA/AA
AA

0.47 0.46
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 6,285,000.00 --0.46%
6,260,439.20
6,260,439.20

97.88 4.24%
6,151,644.24
10,213.13

1.31%
(108,794.96)
AAA/AA
AA

0.56 0.55
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 9

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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

97.59 4.24%
6,143,025.98
8,393.33

1.31%
(133,320.07)
AAA/AA
AA

0.64 0.62
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 6,300,000.00 --0.57%
6,279,895.00
6,279,895.00

97.21 4.26%
6,124,381.77
7,350.00

1.30%
(155,513.23)
AAA/AA
AA

0.77 0.74
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

98.73 4.31%
3,455,627.46
51,236.11

0.73%
(93,127.55)
AAA/AA
AA

3.12 2.86
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

99.37 4.20%
2,981,054.79
10,333.33

0.63%
49,694.79
AAA/AA
AA

3.41 3.14
Total Agency 38,850,000.00 1.08%
38,739,428.55
38,739,428.55

98.13 4.28%
38,120,154.55
93,638.23

8.10%
(619,274.00)

1.01 0.95

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

97.26 4.44%
1,458,872.85
3,316.25

0.31%
(127,552.93)
AAA/AA
AAA

1.56 1.46
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

97.88 4.44%
2,936,340.00
7,800.00

0.62%
(192,097.50)

AAA/AAA
AAA

1.65 1.48
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

96.93 4.50%
2,568,572.66
7,163.83

0.55%
86,164.46
AAA/AA
AA

2.56 2.35
3137FEBQ2 FHMS K-072 A2 3.444
12/25/2027 4,690,000.00 07/20/20234.56%
4,471,072.27
4,471,072.27

97.04 4.52%
4,550,994.50
13,460.30

0.97%
79,922.23
AAA/AA
AAA

2.90 2.63
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 6,000,000.00 --

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

96.80 4.50%
5,807,802.00
16,750.00

1.23%
99,802.31
AAA/AA
AAA

2.98 2.68
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

97.37 4.52%
2,921,001.30
9,000.00

0.62%
9,946.61
AAA/AA
AAA

2.98 2.70
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 5,320,000.00 --

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

97.82 4.54%
5,203,819.71
17,068.33

1.11%
(25,305.30)
AAA/AA
AAA

3.31 2.97
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

97.81 4.54%
1,953,166.45
6,413.70

0.42%
1,488.99
AAA/AA
AAA

3.40 3.00
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

97.73 4.56%
3,076,685.84
10,231.00

0.65%
61,000.21
AAA/AA
AAA

3.57 3.23
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

97.77 4.56%
2,444,290.00
8,166.67

0.52%
32,961.87
AAA/AA
AAA

3.65 3.26
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

91.49 4.61%
4,574,425.00
8,462.50

0.97%
93,956.25
AAA/AA
AAA

3.65 3.39
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 8,000,000.00 --

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

91.62 4.62%
7,329,821.60
15,066.67

1.56%
161,657.53
AAA/AA
AAA

3.99 3.64
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

95.66 4.59%
4,735,396.22
14,115.75

1.01%
98,251.69

AAA/AAA
AA

4.07 3.66
3137FLYV0 FHMS K-092 A2 3.298
04/25/2029 3,000,000.00 04/19/20244.94%
2,775,468.75
2,775,468.75

95.00 4.61%
2,849,952.60
8,245.00

0.61%
74,483.85
AAA/AA
AAA

4.23 3.80
Total Agency
CMBS 54,755,000.00 4.33%
51,956,460.46
51,956,460.46

95.78 4.55%
52,411,140.72
145,260.00

11.14%
454,680.26

3.32 3.00
CASH
CCYUSD Receivable 7,182.29 --

0.00%
7,182.29
7,182.29

1.00 0.00%
7,182.29

0.00 0.00%

0.00 AAA/AAA
AAA

0.00 0.00
CCYUSD Receivable 114,774.46 --

0.00%
114,774.46
114,774.46

1.00 0.00%
114,774.46

0.00 0.02%

0.00 AAA/AAA
AAA

0.00 0.00
Total Cash 121,956.75 0.00%
121,956.75
121,956.75

1.00 0.00%
121,956.75

0.00 0.03%

0.00 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

99.36 4.46%
2,743,456.96
12,769.63

0.58%
(119,203.06)
A/A
AA

0.25 0.24
40139LBC6 GUARDIAN LIFE GLOBAL
FUNDING 0.875 12/10/2025 3,000,000.00 --1.12%
2,969,700.00
2,969,700.00

97.00 4.50%
2,909,988.24
3,718.75

0.62%
(59,711.76)
AA/AA
NA

0.86 0.83
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 1,000,000.00 05/20/20211.11%
1,037,330.00
1,037,330.00

99.42 5.98%
994,156.53
5,728.25

0.21%
(43,173.47)
A/A
AA

1.22 0.22
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

95.99 4.26%
4,670,100.27
10,675.97

0.99%
(173,882.93)
A/AA
AA

1.28 1.24
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 805,000.00 --1.08%
807,605.05
807,605.05

95.91 4.47%
772,057.21
1,954.36

0.16%
(35,547.84)
A/A
A

1.28 1.25
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

95.66 4.41%
3,180,728.68
4,467.97

0.68%
(142,808.32)
A/A
A

1.38 1.34
06051GJD2 BANK OF AMERICA CORP 1.319
06/19/2026 3,000,000.00 --1.25%
3,007,920.00
3,007,920.00

98.71 5.34%
2,961,417.75
4,616.50

0.63%
(46,502.25)
A/A
AA

1.38 0.37
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

95.41 4.50%
2,167,723.38
1,136.00

0.46%
(103,646.54)
AA/AA
AA

1.45 1.41
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

94.88 4.58%
1,627,211.19
8,158.16

0.35%
(86,211.01)
AA/AA
AA

1.62 1.56
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 11

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
931142ER0 WALMART INC 1.05 09/17/2026 785,000.00 09/08/2021

1.09%
783,516.35
783,516.35

95.03 4.25%
746,021.50
3,068.04

0.16%
(37,494.85)
AA/AA
AA

1.63 1.57
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

94.93 4.64%
2,358,966.57
2,588.54

0.50%
(123,200.53)
AA/AA
AA

1.94 1.87
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

95.71 4.64%
1,244,176.77
13,093.89

0.26%
(38,689.24)
A/A
A

2.08 1.98
89114TZT2 TORONTO-DOMINION BANK 2.8
03/10/2027 1,900,000.00 03/09/20222.97%
1,884,933.00
1,884,933.00

96.16 4.74%
1,827,058.91
20,836.67

0.39%
(57,874.10)
A/A
NA

2.10 1.99
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,345,000.00 05/05/2022

4.04%
1,342,821.10
1,342,821.10

98.85 4.54%
1,329,569.23
12,105.00

0.28%
(13,251.87)
A/A
A

2.27 2.12
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

98.14 4.57%
1,339,600.42
10,662.17

0.28%
(26,037.98)
A/A
A

2.28 2.14
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

97.15 4.32%
2,428,710.30
15,208.33

0.52%
(13,264.70)
AA/AA
NA

2.29 2.17
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

98.61 4.74%
1,380,476.09
8,467.04

0.29%
(14,833.91)
A/A
NA

2.35 2.20
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 4,500,000.00 --5.00%
4,242,810.00
4,242,810.00

97.08 4.72%
4,368,444.98
7,300.00

0.93%
125,634.98
A/A
NA

2.96 2.75
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
100.80

4.46%
2,469,479.29
3,555.90

0.52%
(18,226.21)
A/A
A

2.97 2.74
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
101.79

4.61%
1,526,834.43
36,312.50

0.32%
(5,385.57)
A/A
A

3.04 2.65
57636QAW4 MASTERCARD INC 4.875
03/09/2028 2,090,000.00 03/06/20234.90%
2,087,972.70
2,087,972.70
101.05

4.51%
2,112,020.01
40,188.96

0.45%
24,047.31
AA/A
NA

3.10 2.73
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

98.95 4.35%
1,632,657.51
14,850.00

0.35%
(16,425.99)
AAA/AA
NA

3.27 3.00
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

98.93 4.40%
1,953,913.04
16,441.88

0.42%
(21,479.21)
A/A
NA

3.29 3.02
74340XCG4 PROLOGIS LP 4.875 06/15/2028 4,000,000.00 --

5.11%
3,959,713.70
3,959,713.70
100.50

4.71%
4,019,891.40
24,916.67

0.85%
60,177.70
A/A
NA

3.37 2.98
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
101.24

4.81%
3,543,241.84
91,000.00

0.75%
88,566.84
A/A
AA

3.50 3.17
69371RS64 PACCAR FINANCIAL CORP 4.95
08/10/2028 1,670,000.00 08/03/20234.99%
1,667,361.40
1,667,361.40
101.15

4.59%
1,689,195.95
39,265.88

0.36%
21,834.55
A/A
NA

3.53 3.13
74456QBX3 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.65 09/01/2028 3,000,000.00 09/12/2023

5.15%
2,805,270.00
2,805,270.00

96.47 4.73%
2,894,209.38
45,625.00

0.61%
88,939.38
A/A
NA

3.59 3.25
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 12

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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

97.48 4.68%
3,197,360.99
27,351.56

0.68%
40,524.99
AA/A
NA

3.79 3.44
66815L2Q1

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

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

99.45 4.86%
2,386,841.42
6,594.00

0.51%
(17,714.74)
AAA/AA
AAA

3.94 3.54
57629W5B2 MASSMUTUAL GLOBAL
FUNDING II 4.85 01/17/2029 2,140,000.00 01/09/2024

4.85%
2,139,721.80
2,139,721.80
100.24

4.78%
2,145,182.52
4,036.28

0.46%
5,460.72
AA/AA
AA

3.96 3.55
46647PAM8 JPMORGAN CHASE & CO 3.509
01/23/2029 3,300,000.00 01/18/20245.07%
3,116,157.00
3,116,157.00

96.39 5.00%
3,180,816.67
2,573.27

0.68%
64,659.67
A/A
AA

3.98 2.78
61747YFA8 MORGAN STANLEY 5.123
02/01/2029 2,650,000.00 02/13/2024

5.31%
2,632,165.50
2,632,165.50
100.58

5.19%
2,665,345.86
67,879.75

0.57%
33,180.36
A/A
A

4.00 2.75
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
100.04

4.84%
2,500,975.33
58,604.17

0.53%
19,200.33
A/A
A

4.02 3.52
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

99.78 4.56%
2,704,081.41
58,265.00

0.57%
(4,129.99)
A/A
NA

4.02 3.56
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
100.78

4.64%
1,975,216.01
40,928.61

0.42%
15,902.01
A/AA
NA

4.07 3.51
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
100.74

4.65%
2,518,537.28
51,868.06

0.54%
14,387.28
A/A
A

4.07 3.58
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

95.10 4.77%
1,426,487.81
19,550.00

0.30%
29,799.93
AA/A
NA

4.12 3.72
89115A2Y7 TORONTO-DOMINION BANK

4.994 04/05/2029 2,330,000.00 03/26/20244.99%
2,330,000.00
2,330,000.00
100.09

4.97%
2,332,087.03
37,493.84

0.50%
2,087.03
A/A
AA

4.18 3.67
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
101.73

4.79%
2,034,633.62
31,791.67

0.43%
36,373.62
AA/AA
AA

4.19 3.67
74460DAD1 PUBLIC STORAGE OPERATING CO

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

94.74 4.77%
2,842,198.95
25,387.50

0.60%
79,868.95
A/A
NA

4.25 3.85
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
101.41

4.78%
1,876,124.39
16,143.82

0.40%
27,659.89
AA/AA
AA

4.33 3.81
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
100.83

4.78%
2,137,569.73
16,194.44

0.45%
21,640.13
AAA/AA
AAA

4.34 3.84
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
100.29

4.67%
3,008,816.52
14,250.00

0.64%
21,206.52
A/A
A

4.40 3.84
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

99.75 4.56%
3,765,711.08
6,606.25

0.80%
(3,437.67)
A/A
NA

4.46 3.99
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 13

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 3,700,000.00 --4.51%
3,722,196.12
3,722,196.12

99.34 4.81%
3,675,746.65
86,502.92

0.78%
(46,449.47)
A/A
A

4.54 3.95
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

98.80 4.60%
2,252,577.76
46,841.33

0.48%
(23,882.60)
AA/AA
NA

4.54 3.99
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

97.39 4.81%
2,970,275.38
44,256.77

0.63%
(79,724.62)
AA/AA
NA

4.65 4.10
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 3,445,000.00 12/02/20244.61%
3,443,036.35
3,443,036.35

99.21 4.78%
3,417,891.78
24,650.89

0.73%
(25,144.57)
AAA/AA
AAA

4.84 4.26
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 3,655,000.00 01/06/2025

5.00%
3,647,178.30
3,647,178.30
100.63

4.80%
3,677,974.12
11,056.38

0.78%
30,795.82
A/A
A

4.94 4.32
Total Corporate 121,303,000.00 3.97%
120,129,147.11
120,129,147.11

98.63 4.69%
119,583,760.12
1,157,538.54

25.41%
(545,386.99)

3.26 2.86
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 43,853,884.12 --4.35%
43,853,884.12
43,853,884.12

1.00 4.35%
43,853,884.12

0.00 9.32%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 43,853,884.12 4.35%
43,853,884.12
43,853,884.12

1.00 4.35%
43,853,884.12

0.00 9.32%

0.00 0.00

0.00 MONEY MARKET
FUND
60934N807 FEDERATED HRMS GV O SVC 1,458,351.44 --

4.04%
1,458,351.44
1,458,351.44

1.00 4.04%
1,458,351.44

0.00 0.31%

0.00 AAA/AAA
AAA

0.00 0.00
Total Money
Market Fund 1,458,351.44 4.04%
1,458,351.44
1,458,351.44

1.00 4.04%
1,458,351.44

0.00 0.31%

0.00 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

99.78 4.56%
4,385,120.04
47,246.25

0.93%
(33,041.61)
AA/AA
AA

4.50 4.03
Total Municipal
Bonds 4,395,000.00 4.37%
4,418,161.65
4,418,161.65

99.78 4.56%
4,385,120.04
47,246.25

0.93%
(33,041.61)

4.50 4.03

SUPRANATIONAL
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 14

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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

97.20 4.40%
6,123,885.89
8,137.50

1.30%
(148,474.96)

AAA/AAA
NA

0.74 0.72
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

95.98 4.31%
6,132,870.30
15,686.56

1.30%
(227,863.50)

AAA/AAA
NA

1.22 1.18
459058LN1

INTERNATIONAL BANK FOR

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

4.47%
4,426,740.00
4,426,740.00

97.75 4.41%
4,398,780.47
50,859.38

0.93%
(27,959.54)

AAA/AAA
NA

4.71 4.20
Total
Supranational 17,190,000.00 1.76%
17,059,834.65
17,059,834.65

96.90 4.37%
16,655,536.66
74,683.44

3.54%
(404,297.99)

1.96 1.81

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

99.77 4.38%
6,984,231.80
33,501.38

1.48%
(123,776.01)
AAA/AA
AA

0.08 0.07
91282CAM3 UNITED STATES TREASURY 0.25
09/30/2025 2,000,000.00 03/29/20214.26%
1,956,484.38
1,956,484.38

97.41 4.31%
1,948,171.88
1,703.30

0.41%
(8,312.50)
AAA/AA
AA

0.66 0.64
91282CAT8 UNITED STATES TREASURY 0.25
10/31/2025 6,000,000.00 02/19/20210.53%
5,923,125.00
5,923,125.00

97.10 4.29%
5,825,718.72
3,853.59

1.24%
(97,406.28)
AAA/AA
AA

0.75 0.72
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

96.87 4.29%
3,681,042.18
2,466.35

0.78%
(50,825.01)
AAA/AA
AA

0.83 0.80
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

94.77 4.23%
1,487,942.98
5,009.25

0.32%
(70,956.63)
AAA/AA
AA

1.58 1.53
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

94.71 4.22%
2,964,452.36
9,329.81

0.63%
(118,719.91)
AAA/AA
AA

1.66 1.61
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

94.88 4.21%
2,960,221.87
9,017.40

0.63%
(140,765.63)
AAA/AA
AA

1.75 1.68
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

96.50 4.22%
2,316,000.00
10,903.85

0.49%
(35,156.25)
AAA/AA
AA

2.33 2.21
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 6,650,000.00 --3.12%
6,690,380.86
6,690,380.86

97.85 4.20%
6,506,869.12
19,104.97

1.38%
(183,511.74)
AAA/AA
AA

2.41 2.28
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

96.54 4.23%
1,255,007.81

98.76 0.27%
(22,953.13)
AAA/AA
AA

2.50 2.37
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 3,450,000.00 --3.45%
3,399,517.58
3,399,517.58

97.33 4.23%
3,357,820.31
45,864.99

0.71%
(41,697.27)
AAA/AA
AA

2.58 2.40
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 15

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 2,800,000.00 --4.37%
2,770,000.01
2,770,000.01

99.77 4.22%
2,793,546.87
39,346.15

0.59%
23,546.86
AAA/AA
AA

2.66 2.45
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 4,600,000.00 --3.74%
4,628,085.94
4,628,085.94

99.04 4.24%
4,555,976.57
30,850.96

0.97%
(72,109.37)
AAA/AA
AA

2.83 2.63
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 7,000,000.00 --3.78%
7,028,945.31
7,028,945.31

99.04 4.23%
6,932,734.34
23,977.90

1.47%
(96,210.97)
AAA/AA
AA

2.91 2.71
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

97.95 4.24%
6,856,445.33
676.80

1.46%
28,437.52
AAA/AA
AA

3.00 2.80
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

99.29 4.25%
6,950,234.34
119,116.02

1.48%
273.40
AAA/AA
AA

3.08 2.81
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 7,000,000.00 06/14/20234.00%
6,884,335.94
6,884,335.94

98.02 4.27%
6,861,093.75
43,918.27

1.46%
(23,242.19)
AAA/AA
AA

3.33 3.07
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
100.28

4.29%
1,905,343.75
35,362.57

0.40%
25,382.81
AAA/AA
AA

3.58 3.21
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 5,800,000.00 10/04/20234.77%
5,763,296.88
5,763,296.88
101.12

4.29%
5,864,796.90
91,381.87

1.25%
101,500.02
AAA/AA
AA

3.67 3.28
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
101.98

4.30%
2,039,531.24
25,048.34

0.43%
31,953.11
AAA/AA
AA

3.75 3.35
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
100.25

4.30%
3,408,500.00
25,745.19

0.72%
(74,375.00)
AAA/AA
AA

3.83 3.46
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 11,000,000.00 --3.99%
10,883,007.81
10,883,007.81

98.01 4.31%
10,780,859.32
36,464.09

2.29%
(102,148.49)
AAA/AA
AA

3.92 3.58
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

98.88 4.31%
4,943,945.30
552.49

1.05%
781.24
AAA/AA
AA

4.00 3.65
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

99.76 4.31%
6,983,046.84
126,560.77

1.48%
(2,187.54)
AAA/AA
AA

4.08 3.63
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

99.26 4.32%
6,948,046.84
98,365.38

1.48%
99,531.21
AAA/AA
AA

4.16 3.72
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 7,000,000.00 --4.48%
7,043,730.48
7,043,730.48
101.17

4.32%
7,081,757.83
83,173.34

1.50%
38,027.35
AAA/AA
AA

4.24 3.77
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
100.70

4.32%
4,430,593.73
34,269.23

0.94%
(14,781.27)
AAA/AA
AA

4.33 3.86
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

99.69 4.33%
3,987,656.24
15,027.62

0.85%
(40,625.01)
AAA/AA
AA

4.41 3.96
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

97.12 4.33%
7,769,375.04
123,370.17

1.65%
(293,437.46)
AAA/AA
AA

4.58 4.09
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 16

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 8,500,000.00 --3.66%
8,437,500.00
8,437,500.00

96.52 4.33%
8,204,160.14
101,346.15

1.74%
(233,339.87)
AAA/AA
AA

4.66 4.18
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

99.13 4.33%
4,460,625.00
32,127.40

0.95%
(13,535.16)
AAA/AA
AA

4.83 4.30
Total US Treasury 155,320,000.00 3.52%
154,556,387.56
154,556,387.56

98.56 4.29%
153,045,748.39
1,227,534.37

32.52%
(1,510,639.16)

3.21 2.91
Total Portfolio 477,959,074.41 3.66%
473,002,332.00
473,002,332.00

88.95 4.45%
470,630,086.40
2,823,014.85
100.00%
(2,372,245.60)

2.71 2.31
Total Market
Value + Accrued 473,453,101.25
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 17

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

ACQUISITIONS
Purchase 01/02/2025 90LAIF$00 3,000,000.00 Local Agency Investment Fund State Pool 1.000 4.38% (3,000,000.00) 0.00 (3,000,000.00) 0.00 Purchase 01/03/2025 60934N807 5,770.75 FEDERATED HRMS GV O SVC 1.000 4.12% (5,770.75) 0.00 (5,770.75) 0.00
Purchase 01/06/2025 90LAIF$00 1,300,000.00 Local Agency Investment Fund State Pool 1.000 4.38% (1,300,000.00) 0.00 (1,300,000.00) 0.00 Purchase 01/07/2025 60934N807 4,220,000.00 FEDERATED HRMS GV O SVC 1.000 4.12% (4,220,000.00) 0.00 (4,220,000.00) 0.00 Purchase 01/07/2025 60934N807 34,287.50 FEDERATED HRMS GV O SVC 1.000 4.12% (34,287.50) 0.00 (34,287.50) 0.00
Purchase 01/09/2025 89236TNA9 3,655,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 99.786 5.00% (3,647,178.30) 0.00 (3,647,178.30) 0.00 Purchase 01/10/2025 60934N807 56,520.00 FEDERATED HRMS GV O SVC 1.000 4.12% (56,520.00) 0.00 (56,520.00) 0.00
Purchase 01/13/2025 60934N807 23,296.88 FEDERATED HRMS GV O SVC 1.000 4.12% (23,296.88) 0.00 (23,296.88) 0.00
Purchase 01/13/2025 90LAIF$00 5,000,000.00 Local Agency Investment Fund State Pool 1.000 4.37% (5,000,000.00) 0.00 (5,000,000.00) 0.00 Purchase 01/13/2025 90LAIF$00 2,000,000.00 Local Agency Investment Fund State Pool 1.000 4.37% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Purchase 01/15/2025 60934N807 198,913.90 FEDERATED HRMS GV O SVC 1.000 4.12% (198,913.90) 0.00 (198,913.90) 0.00
Purchase 01/15/2025 60934N807 317,126.77 FEDERATED HRMS GV O SVC 1.000 4.12% (317,126.77) 0.00 (317,126.77) 0.00
Purchase 01/15/2025 90LAIF$00 157,829.65 Local Agency Investment Fund State Pool 1.000 4.36% (157,829.65) 0.00 (157,829.65) 0.00 Purchase 01/15/2025 90LAIF$00 154,028.12 Local Agency Investment Fund State Pool 1.000 4.36% (154,028.12) 0.00 (154,028.12) 0.00 Purchase 01/16/2025 60934N807 21,933.99 FEDERATED HRMS GV O SVC 1.000 4.12% (21,933.99) 0.00 (21,933.99) 0.00
Purchase 01/16/2025 60934N807 55,875.59 FEDERATED HRMS GV O SVC 1.000 4.12% (55,875.59) 0.00 (55,875.59) 0.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 18

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Purchase 01/16/2025 90LAIF$00 2,000,000.00 Local Agency Investment Fund State Pool 1.000 4.36% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Purchase 01/17/2025 60934N807 136,832.50 FEDERATED HRMS GV O SVC 1.000 4.12% (136,832.50) 0.00 (136,832.50) 0.00
Purchase 01/17/2025 90LAIF$00 2,000,000.00 Local Agency Investment Fund State Pool 1.000 4.36% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Purchase 01/21/2025 60934N807 83,047.18 FEDERATED HRMS GV O SVC 1.000 4.12% (83,047.18) 0.00 (83,047.18) 0.00
Purchase 01/21/2025 60934N807 37,039.72 FEDERATED HRMS GV O SVC 1.000 4.12% (37,039.72) 0.00 (37,039.72) 0.00
Purchase 01/21/2025 90LAIF$00 2,000,000.00 Local Agency Investment Fund State Pool 1.000 4.36% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Purchase 01/21/2025 90LAIF$00 2,000,000.00 Local Agency Investment Fund State Pool 1.000 4.36% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Purchase 01/22/2025 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 99.993 4.36% (2,089,843.46) 0.00 (2,089,843.46) 0.00 Purchase 01/23/2025 60934N807 57,898.50 FEDERATED HRMS GV O SVC 1.000 4.12% (57,898.50) 0.00 (57,898.50) 0.00
Purchase 01/27/2025 60934N807 161,671.14 FEDERATED HRMS GV O SVC 1.000 4.12% (161,671.14) 0.00 (161,671.14) 0.00
Purchase 01/27/2025 60934N807 47,796.64 FEDERATED HRMS GV O SVC 1.000 4.12% (47,796.64) 0.00 (47,796.64) 0.00
Purchase 01/27/2025 90LAIF$00 4,300,000.00 Local Agency Investment Fund State Pool 1.000 4.35% (4,300,000.00) 0.00 (4,300,000.00) 0.00 Purchase 01/27/2025 90LAIF$00 6,000,000.00 Local Agency Investment Fund State Pool 1.000 4.35% (6,000,000.00) 0.00 (6,000,000.00) 0.00 Purchase 01/29/2025 90LAIF$00 7,850,000.00 Local Agency Investment Fund State Pool 1.000 4.35% (7,850,000.00) 0.00 (7,850,000.00) 0.00 Purchase 01/29/2025 90LAIF$00 7,850,000.00 Local Agency Investment Fund State Pool 1.000 4.35% (7,850,000.00) 0.00 (7,850,000.00) 0.00 Purchase 01/31/2025 60934N807 240,375.00 FEDERATED HRMS GV O SVC 1.000 4.04% (240,375.00) 0.00 (240,375.00) 0.00
Total Purchase 57,055,243.83 (57,047,265.59) 0.00 (57,047,265.59) 0.00 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 19

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss TOTAL
ACQUISITIONS 57,055,243.83 (57,047,265.59) 0.00 (57,047,265.59) 0.00 OTHER

TRANSACTIONS
Maturity 01/07/2025 3135G0X24 (4,220,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

1.625 01/07/2025
100.000 1.63% 4,220,000.00 0.00 4,220,000.00 (62,878.20) Total Maturity (4,220,000.00) 4,220,000.00 0.00 4,220,000.00 (62,878.20) Sale 01/07/2025 90LAIF$00 (1,300,000.00) Local Agency Investment Fund State Pool 1.000 4.38% 1,300,000.00 0.00 1,300,000.00 0.00 Sale 01/08/2025 90LAIF$00 (2,100,000.00) Local Agency Investment Fund State Pool 1.000 4.38% 2,100,000.00 0.00 2,100,000.00 0.00 Sale 01/09/2025 60934N807 (3,647,178.30) FEDERATED HRMS GV O SVC 1.000 4.12% 3,647,178.30 0.00 3,647,178.30 0.00
Sale 01/09/2025 90LAIF$00 (5,000,000.00) Local Agency Investment Fund State Pool 1.000 4.37% 5,000,000.00 0.00 5,000,000.00 0.00 Sale 01/14/2025 90LAIF$00 (4,800,000.00) Local Agency Investment Fund State Pool 1.000 4.37% 4,800,000.00 0.00 4,800,000.00 0.00 Sale 01/15/2025 90LAIF$00 (2,000,000.00) Local Agency Investment Fund State Pool 1.000 4.36% 2,000,000.00 0.00 2,000,000.00 0.00 Sale 01/15/2025 90LAIF$00 (8,000,000.00) Local Agency Investment Fund State Pool 1.000 4.36% 8,000,000.00 0.00 8,000,000.00 0.00 Sale 01/22/2025 60934N807 (1,169,843.46) FEDERATED HRMS GV O SVC 1.000 4.12% 1,169,843.46 0.00 1,169,843.46 0.00
Sale 01/22/2025 60934N807 (920,000.00) FEDERATED HRMS GV O SVC 1.000 4.12% 920,000.00 0.00 920,000.00 0.00
Sale 01/22/2025 90LAIF$00 (2,000,000.00) Local Agency Investment Fund State Pool 1.000 4.36% 2,000,000.00 0.00 2,000,000.00 0.00 Sale 01/22/2025 90LAIF$00 (2,000,000.00) Local Agency Investment Fund State Pool 1.000 4.36% 2,000,000.00 0.00 2,000,000.00 0.00 Sale 01/30/2025 90LAIF$00 (2,800,000.00) Local Agency Investment Fund State Pool 1.000 4.35% 2,800,000.00 0.00 2,800,000.00 0.00 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 20

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Sale 01/30/2025 90LAIF$00 (3,200,000.00) Local Agency Investment Fund State Pool 1.000 4.35% 3,200,000.00 0.00 3,200,000.00 0.00 Total Sale (38,937,021.76) 38,937,021.76 0.00 38,937,021.76 0.00

TOTAL OTHER
TRANSACTIONS (43,157,021.76) 43,157,021.76 0.00 43,157,021.76 (62,878.20) OTHER

TRANSACTIONS
Cash Transfer 01/02/2025 CCYUSD 3,000,000.00 Cash 0.00% 3,000,000.00 0.00 3,000,000.00 0.00 Cash Transfer 01/06/2025 CCYUSD 1,300,000.00 Cash 0.00% 1,300,000.00 0.00 1,300,000.00 0.00 Cash Transfer 01/07/2025 CCYUSD (1,300,000.00) Cash 0.00% (1,300,000.00) 0.00 (1,300,000.00) 0.00 Cash Transfer 01/08/2025 CCYUSD (2,100,000.00) Cash 0.00% (2,100,000.00) 0.00 (2,100,000.00) 0.00 Cash Transfer 01/09/2025 CCYUSD (5,000,000.00) Cash 0.00% (5,000,000.00) 0.00 (5,000,000.00) 0.00 Cash Transfer 01/13/2025 CCYUSD 7,000,000.00 Cash 0.00% 7,000,000.00 0.00 7,000,000.00 0.00 Cash Transfer 01/14/2025 CCYUSD (4,800,000.00) Cash 0.00% (4,800,000.00) 0.00 (4,800,000.00) 0.00 Cash Transfer 01/15/2025 CCYUSD (10,000,000.00) Cash 0.00% (10,000,000.00) 0.00 (10,000,000.00) 0.00 Cash Transfer 01/16/2025 CCYUSD 2,000,000.00 Cash 0.00% 2,000,000.00 0.00 2,000,000.00 0.00 Cash Transfer 01/17/2025 CCYUSD 2,000,000.00 Cash 0.00% 2,000,000.00 0.00 2,000,000.00 0.00 Cash Transfer 01/21/2025 CCYUSD 4,000,000.00 Cash 0.00% 4,000,000.00 0.00 4,000,000.00 0.00 Cash Transfer 01/22/2025 CCYUSD (4,000,000.00) Cash 0.00% (4,000,000.00) 0.00 (4,000,000.00) 0.00 Cash Transfer 01/27/2025 CCYUSD 10,300,000.00 Cash 0.00% 10,300,000.00 0.00 10,300,000.00 0.00 Cash Transfer 01/29/2025 CCYUSD 15,700,000.00 Cash 0.00% 15,700,000.00 0.00 15,700,000.00 0.00 Cash Transfer 01/30/2025 CCYUSD (6,000,000.00) Cash 0.00% (6,000,000.00) 0.00 (6,000,000.00) 0.00 Total Cash
Transfer 12,100,000.00 12,100,000.00 0.00 12,100,000.00 0.00 Coupon 01/01/2025 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 01/01/2025 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 01/01/2025 3137F4D41 0.00 FHMS K-074 A2 3.6
01/25/2028 4.22% 9,000.00 0.00 9,000.00 0.00
Coupon 01/01/2025 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.31% 17,068.33 0.00 17,068.33 0.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 21

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 01/01/2025 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 01/01/2025 3137FGR31 0.00 FHMS K-078 A2 3.854
06/25/2028 4.48% 6,413.70 0.00 6,413.70 0.00
Coupon 01/01/2025 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 01/01/2025 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 01/01/2025 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 01/01/2025 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 01/01/2025 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.89% 8,166.67 0.00 8,166.67 0.00
Coupon 01/01/2025 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 01/01/2025 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 5.06% 15,066.66 0.00 15,066.66 0.00
Coupon 01/01/2025 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 5.09% 10,231.00 0.00 10,231.00 0.00
Coupon 01/07/2025 3135G0X24 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

1.625 01/07/2025

1.63% 34,287.50 0.00 34,287.50 0.00
Coupon 01/10/2025 66815L2Q1 0.00

NORTHWESTERN

MUTUAL GLOBAL
FUNDING 4.71
01/10/2029

4.67% 56,520.00 0.00 56,520.00 0.00
Coupon 01/11/2025 59217GER6 0.00

METROPOLITAN LIFE
GLOBAL FUNDING I 1.875
01/11/2027

1.90% 23,296.88 0.00 23,296.88 0.00
Coupon 01/15/2025 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 70.84 0.00 70.84 0.00
Coupon 01/15/2025 89238JAC9 0.00 TAOT 2021-D A3 0.71
04/15/2026 0.71% 95.34 0.00 95.34 0.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 22

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 01/15/2025 44935FAD6 0.00 HART 2021-C A3 0.74
05/15/2026 0.75% 47.04 0.00 47.04 0.00
Coupon 01/15/2025 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.88% 815.35 0.00 815.35 0.00
Coupon 01/15/2025 448977AD0 0.00 HART 2022-A A3 2.22
10/15/2026 2.22% 816.81 0.00 816.81 0.00
Coupon 01/15/2025 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.33% 571.67 0.00 571.67 0.00
Coupon 01/15/2025 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 01/15/2025 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 01/15/2025 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 01/15/2025 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 01/15/2025 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 01/15/2025 756109AU8 0.00 REALTY INCOME CORP

3.65 01/15/2028 5.00% 82,125.00 0.00 82,125.00 0.00
Coupon 01/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.01% 7,849.00 0.00 7,849.00 0.00
Coupon 01/15/2025 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 01/15/2025 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 01/15/2025 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 01/15/2025 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 01/15/2025 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 01/15/2025 44934FAD7 0.00 HALST 2024-B A3 5.41
05/17/2027 5.41% 7,280.96 0.00 7,280.96 0.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 23

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 01/16/2025 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 92.75 0.00 92.75 0.00
Coupon 01/16/2025 57629WDE7 0.00

MASSMUTUAL GLOBAL
FUNDING II 1.2
07/16/2026

1.21% 13,632.00 0.00 13,632.00 0.00
Coupon 01/16/2025 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 186.53 0.00 186.53 0.00
Coupon 01/16/2025 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 01/17/2025 713448FX1 0.00 PEPSICO INC 4.5
07/17/2029 4.53% 84,937.50 0.00 84,937.50 0.00
Coupon 01/17/2025 57629W5B2 0.00

MASSMUTUAL GLOBAL
FUNDING II 4.85
01/17/2029

4.85% 51,895.00 0.00 51,895.00 0.00
Coupon 01/18/2025 437930AC4 0.00 HAROT 2024-2 A3 5.27
11/20/2028 5.27% 6,214.21 0.00 6,214.21 0.00
Coupon 01/20/2025 24422EWR6 0.00 JOHN DEERE CAPITAL
CORP 4.75 01/20/2028 4.40% 58,187.50 0.00 58,187.50 0.00 Coupon 01/20/2025 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 01/21/2025 3137EAEU9 0.00

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025

0.45% 11,812.50 0.00 11,812.50 0.00
Coupon 01/21/2025 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 117.92 0.00 117.92 0.00
Coupon 01/23/2025 46647PAM8 0.00 JPMORGAN CHASE & CO

3.509 01/23/2029 4.78% 57,898.50 0.00 57,898.50 0.00
Coupon 01/25/2025 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 933.73 0.00 933.73 0.00
Coupon 01/25/2025 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 01/25/2025 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 01/31/2025 91282CFB2 0.00 UNITED STATES TREASURY

2.75 07/31/2027 3.12% 17,875.00 0.00 17,875.00 0.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM 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 Coupon 01/31/2025 91282CGH8 0.00 UNITED STATES TREASURY

3.5 01/31/2028 4.05% 122,500.00 0.00 122,500.00 0.00
Coupon 01/31/2025 91282CJW2 0.00 UNITED STATES TREASURY

4.0 01/31/2029 4.26% 100,000.00 0.00 100,000.00 0.00
Total Coupon 0.00 1,014,776.59 0.00 1,014,776.59 0.00
Dividend 01/01/2025 90LAIF$00 0.00 Local Agency Investment Fund State Pool 4.40% 9,099.42 0.00 9,099.42 0.00
Dividend 01/31/2025 60934N807 0.00 FEDERATED HRMS GV O
SVC 4.10% 7,182.29 0.00 7,182.29 0.00
Total Dividend 0.00 16,281.71 0.00 16,281.71 0.00
Principal Paydown 01/15/2025 47789QAC4 41,716.21 JDOT 2021-B A3 0.52 03/16/2026 0.52% 41,716.21 -- 41,716.21 3.73
Principal Paydown 01/15/2025 89238JAC9 36,370.57 TAOT 2021-D A3 0.71 04/15/2026 0.71% 36,370.57 -- 36,370.57 0.78
Principal Paydown 01/15/2025 44935FAD6 30,412.04 HART 2021-C A3 0.74 05/15/2026 0.75% 30,412.04 -- 30,412.04 6.79
Principal Paydown 01/15/2025 43815BAC4 75,037.35 HAROT 2022-1 A3 1.88 05/15/2026 1.88% 75,037.35 -- 75,037.35 11.29
Principal Paydown 01/15/2025 448977AD0 63,584.45 HART 2022-A A3 2.22 10/15/2026 2.22% 63,584.45 -- 63,584.45 2.45
Principal Paydown 01/15/2025 47787JAC2 37,719.64 JDOT 2022 A3 0.36 09/15/2026 2.33% 37,719.64 -- 37,719.64 8.35
Principal Paydown 01/15/2025 47800CAC0 32,286.51 JDOT 2023 A3 5.01 11/15/2027 5.01% 32,286.51 -- 32,286.51 5.88
Principal Paydown 01/16/2025 362554AC1 27,782.42 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 27,782.42 -- 27,782.42 0.71
Principal Paydown 01/16/2025 380146AC4 28,093.17 GMCAR 2022-1 A3 1.26 11/16/2026 1.26% 28,093.17 -- 28,093.17 2.44
Principal Paydown 01/21/2025 43815GAC3 37,039.72 HAROT 2021-4 A3 0.88 01/21/2026 0.89% 37,039.72 -- 37,039.72 7.81
Principal Paydown 01/25/2025 05602RAD3 47,796.64 BMWOT 2022-A A3 3.21 08/25/2026 3.21% 47,796.64 -- 47,796.64 2.49
Total Principal
Paydown 457,838.72 457,838.72 -- 457,838.72 52.71
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 25

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

TOTAL OTHER
TRANSACTIONS 12,557,838.72 13,588,897.02 0.00 13,588,897.02 52.71 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 26

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

CASH & EQUIVALENTS
60934N807 FEDERATED HRMS GV O SVC
1,458,351.44
1,496,987.14
5,698,386.06
(5,737,021.76)
1,458,351.44

0.00 5,770.75

0.00 5,770.75

0.00 0.00

0.00 5,770.75
5,770.75
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
121,956.75
308,529.10

0.00 0.00
121,956.75

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 1,580,308.19
1,805,516.24
5,698,386.06
(5,737,021.76)
1,580,308.19

0.00 5,770.75

0.00 5,770.75

0.00 0.00

0.00 5,770.75 5,770.75

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
6,621.81

0.00 10,675.97
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
9,350.00

0.00 14,850.00
5,500.00

0.00 0.00

0.00 5,500.00
5,500.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 27

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
301,261.15
349,039.64

0.00 (47,794.15)
301,245.49
186.75
933.73
161.17
908.16

0.00 0.00

0.00 908.16
908.16
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
1,319.00

0.00 4,616.50
3,297.50

0.00 0.00

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

0.00 0.00
2,862,660.02
8,513.08

0.00 12,769.63
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
30,765.00

0.00 47,246.25
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
41,763.89

0.00 51,868.06
10,104.17

0.00 0.00

0.00 10,104.17
10,104.17
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 28

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
72,165.42

0.00 86,502.92
14,337.50

0.00 0.00

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

0.00 0.00
1,959,314.00
33,006.94

0.00 40,928.61
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
8,958.33

0.00 15,208.33
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
52,045.49
58,187.50
3,555.90
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
16,554.89

0.00 27,351.56
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
15,237.50

0.00 19,550.00
4,312.50

0.00 0.00

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

0.00 0.00
2,276,460.36
38,671.33

0.00 46,841.33
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
333.33

0.00 10,333.33
10,000.00

0.00 0.00

0.00 10,000.00
10,000.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 29

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3135G03U5

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.625 04/22/2025
04/22/2020
04/24/2020
970,000.00
968,001.80

0.00 0.00
968,001.80
1,161.98

0.00 1,667.19
505.21

0.00 0.00

0.00 505.21
505.21
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
1,205.56

0.00 3,788.89
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
8,249.06

0.00 10,213.13
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
4,725.00

0.00 7,350.00
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 0.00
4,282,878.20

0.00 (4,282,878.20)

0.00 33,144.58
34,287.50

0.00 1,142.92

0.00 0.00

0.00 1,142.92
1,142.92
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
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
10,500.00
11,812.50
656.25
1,968.75

0.00 0.00

0.00 1,968.75
1,968.75
3137EAEX3

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

0.00 0.00
6,276,346.05
6,426.15

0.00 8,393.33
1,967.19

0.00 0.00

0.00 1,967.19
1,967.19
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 30

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
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
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 31

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
135,893.26
163,671.51

0.00 (27,781.71)
135,889.80

46.37 92.75

38.50 84.88

0.00 0.00

0.00 84.88

84.88 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
149,552.73
177,630.47

0.00 (28,090.73)
149,539.74

93.26 186.53

78.52 171.78

0.00 0.00

0.00 171.78
171.78
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
1,531.25

0.00 3,718.75
2,187.50

0.00 0.00

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

0.00 0.00
3,050,000.00
33,635.15

0.00 44,256.77
10,621.63

0.00 0.00

0.00 10,621.63
10,621.63
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 32

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
2,375.00

0.00 14,250.00
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 HAROT 2024-2 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
445,399.19
520,358.26

0.00 (75,026.06)
445,332.20
434.85
815.35
372.16
752.65

0.00 0.00

0.00 752.65
752.65
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
123,754.64
160,760.46

0.00 (37,031.91)
123,728.56

39.31 117.92

30.25 108.87

0.00 0.00

0.00 108.87
108.87
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
377,934.79
441,502.23

0.00 (63,582.00)
377,920.24
435.63
816.81
372.90
754.07

0.00 0.00

0.00 754.07
754.07
44934FAD7 HALST 2024-B A3 5.41
05/17/2027
05/14/2024
05/22/2024
1,615,000.00
1,614,955.10

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

0.00 0.00

0.00 7,280.96
7,280.96
44935FAD6 HART 2021-C A3 0.74
05/15/2026
11/09/2021
11/17/2021
45,868.57
76,263.58

0.00 (30,405.25)
45,858.33

25.09 47.04

15.09 37.04

0.00 0.00

0.00 37.04

37.04 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 33

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
44935WAD9 HALST 25A A3 4.83
01/18/2028
01/14/2025
01/22/2025
2,090,000.00

0.00 2,089,843.46

0.00 2,089,843.46

0.00 0.00
2,523.68
2,523.68

0.00 0.00

0.00 2,523.68
2,523.68
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
11,027.19

0.00 15,686.56
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
5,512.50

0.00 8,137.50
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
4,426,740.00

0.00 0.00
4,426,740.00
36,328.13

0.00 50,859.38
14,531.25

0.00 0.00

0.00 14,531.25
14,531.25
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
50,822.02
57,898.50
2,573.27
9,649.75

0.00 0.00

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

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

0.00 0.00
1,037,330.00
3,992.42

0.00 5,728.25
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
257,970.22
295,624.45

0.00 (37,711.29)
257,913.16
304.89
571.67
266.00
532.78

0.00 0.00

0.00 532.78
532.78
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
121,767.82
163,469.44

0.00 (41,712.48)
121,756.96

37.78 70.84

28.14 61.20

0.00 0.00

0.00 61.20

61.20 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 34

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
1,847,713.49
1,879,657.46

0.00 (32,280.63)
1,847,376.83
4,186.13
7,849.00
4,114.24
7,777.11

0.00 0.00

0.00 7,777.11
7,777.11
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
48,102.50

0.00 58,265.00
10,162.50

0.00 0.00

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

0.00 0.00
1,848,464.50
8,204.24

0.00 16,143.82
7,939.58

0.00 0.00

0.00 7,939.58
7,939.58
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
47,282.11
51,895.00
4,036.28
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
12,496.00
13,632.00
1,136.00
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
31,698.33

0.00 40,188.96
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
9,776.25

0.00 16,441.88
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
6,371.70

0.00 8,158.16
1,786.46

0.00 0.00

0.00 1,786.46
1,786.46
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 35

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
23,041.67

0.00 31,791.67
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
22,002.60
23,296.88
2,588.54
3,882.82

0.00 0.00

0.00 3,882.82
3,882.82
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
56,566.46

0.00 67,879.75
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
48,500.00

0.00 58,604.17
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
7,361.11

0.00 16,194.44
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
3,443,036.35

0.00 0.00
3,443,036.35
11,445.06

0.00 24,650.89
13,205.83

0.00 0.00

0.00 13,205.83
13,205.83
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
7,621.67

0.00 12,105.00
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
53,694.00
56,520.00
6,594.00
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
32,377.13

0.00 39,265.88
6,888.75

0.00 0.00

0.00 6,888.75
6,888.75
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 36

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
77,387.50
84,937.50
6,606.25
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
8,666.67

0.00 24,916.67
16,250.00

0.00 0.00

0.00 16,250.00
16,250.00
74456QBX3

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

0.00 0.00
2,805,270.00
36,500.00

0.00 45,625.00
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
16,925.00

0.00 25,387.50
8,462.50

0.00 0.00

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

0.00 0.00
4,242,810.00
75,737.50
82,125.00
7,300.00
13,687.50

0.00 0.00

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

0.00 0.00
3,454,675.00
75,833.33

0.00 91,000.00
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
10,439.72

0.00 13,093.89
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
39,934.03

0.00 51,236.11
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
16,403.33

0.00 20,836.67
4,433.33

0.00 0.00

0.00 4,433.33
4,433.33
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 37

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
3,674.38

0.00 8,467.04
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
27,797.16

0.00 37,493.84
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
1,350.78

0.00 4,467.97
3,117.19

0.00 0.00

0.00 3,117.19
3,117.19
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
3,655,000.00

0.00 3,647,178.30

0.00 3,647,178.30

0.00 0.00
11,056.38
11,056.38

0.00 0.00

0.00 11,056.38
11,056.38
89238JAC9 TAOT 2021-D A3 0.71
04/15/2026
11/09/2021
11/15/2021
124,766.24
161,133.38

0.00 (36,369.79)
124,763.59

50.85 95.34

39.37 83.86

0.00 0.00

0.00 83.86

83.86 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
26,757.60

0.00 33,501.38
6,743.78

0.00 0.00

0.00 6,743.78
6,743.78
91282CAM3 UNITED STATES TREASURY

0.25 09/30/2025
03/29/2021
03/30/2021
2,000,000.00
1,956,484.38

0.00 0.00
1,956,484.38
1,277.47

0.00 1,703.30
425.82

0.00 0.00

0.00 425.82
425.82
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
2,569.06

0.00 3,853.59
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
1,252.75

0.00 2,466.35
1,213.60

0.00 0.00

0.00 1,213.60
1,213.60
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 38

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
4,000.90

0.00 5,009.25
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
6,997.36

0.00 9,329.81
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
6,011.60

0.00 9,017.40
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
5,538.46

0.00 10,903.85
5,365.38

0.00 0.00

0.00 5,365.38
5,365.38
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
597.03

0.00 19,104.97
18,507.94

0.00 0.00

0.00 18,507.94
18,507.94
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
14,960.60
17,875.00

98.76 3,013.16

0.00 0.00

0.00 3,013.16
3,013.16
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
36,632.42

0.00 45,864.99
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
29,509.62

0.00 39,346.15
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
15,670.33

0.00 30,850.96
15,180.63

0.00 0.00

0.00 15,180.63
15,180.63
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 39

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
749.31

0.00 23,977.90
23,228.59

0.00 0.00

0.00 23,228.59
23,228.59
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
102,527.17
122,500.00
676.80
20,649.62

0.00 0.00

0.00 20,649.62
20,649.62
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
95,138.12

0.00 119,116.02
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
22,307.69

0.00 43,918.27
21,610.58

0.00 0.00

0.00 21,610.58
21,610.58
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
28,244.13

0.00 35,362.57
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
68,536.40

0.00 91,381.87
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
16,698.90

0.00 25,048.34
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
13,076.92

0.00 25,745.19
12,668.27

0.00 0.00

0.00 12,668.27
12,668.27
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
1,139.50

0.00 36,464.09
35,324.59

0.00 0.00

0.00 35,324.59
35,324.59
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM 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
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
83,695.65
100,000.00
552.49
16,856.83

0.00 0.00

0.00 16,856.83
16,856.83
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
101,084.25

0.00 126,560.77
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
73,774.04

0.00 98,365.38
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
55,448.90

0.00 83,173.34
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
17,406.59

0.00 34,269.23
16,862.64

0.00 0.00

0.00 16,862.64
16,862.64
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
469.61

0.00 15,027.62
14,558.01

0.00 0.00

0.00 14,558.01
14,558.01
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
98,535.91

0.00 123,370.17
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
76,009.62

0.00 101,346.15
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
4,474,160.16

0.00 0.00
4,474,160.16
16,318.68

0.00 32,127.40
15,808.72

0.00 0.00

0.00 15,808.72
15,808.72
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM 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
91324PEC2 UNITEDHEALTH GROUP INC

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

0.00 0.00
807,605.05
1,182.90

0.00 1,954.36
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
6,453.42

0.00 10,662.17
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
29,750.00

0.00 36,312.50
6,562.50

0.00 0.00

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

0.00 0.00
2,329,653.76
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
2,381.17

0.00 3,068.04
686.88

0.00 0.00

0.00 686.88
686.88
Total Fixed Income 432,524,882.10
426,571,782.13
5,737,021.76
(4,740,664.21)
427,568,139.69
2,646,011.22
1,014,776.59
2,823,014.85
1,191,780.22

0.00 0.00

0.00 1,191,780.22 1,191,780.22
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 43,853,884.12
31,442,026.35
45,611,857.77
(33,200,000.00)
43,853,884.12

0.00 311,857.77

0.00 311,857.77

0.00 0.00

0.00 311,857.77
311,857.77
Total LAIF 43,853,884.12
31,442,026.35
45,611,857.77
(33,200,000.00)
43,853,884.12

0.00 311,857.77

0.00 311,857.77

0.00 0.00

0.00 311,857.77 311,857.77
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 42

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 477,959,074.41
459,819,324.73
57,047,265.59
(43,677,685.97)
473,002,332.00
2,646,011.22
1,332,405.11
2,823,014.85
1,509,408.74

0.00 0.00

0.00 1,509,408.74 1,509,408.74
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 43

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount FEBRUARY 2025
02/03/2025 Coupon 13063EGT7 0.00 CALIFORNIA STATE 4.5 08/01/2029 47,246.25 47,246.25 02/03/2025 Coupon 61747YFA8 0.00 MORGAN STANLEY 5.123 02/01/2029 67,879.75 67,879.75 02/03/2025 Coupon 78016HZS2 0.00 ROYAL BANK OF CANADA 5.2 08/01/2028 91,000.00 91,000.00 02/04/2025 Dividend 60934N807 0.00 7,182.29 7,182.29
02/07/2025 Coupon 63743HFN7 0.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.85 02/07/2029 60,625.00 60,625.00
02/10/2025 Coupon 532457CK2 0.00 ELI LILLY AND CO 4.5 02/09/2029 60,975.00 60,975.00 02/10/2025 Coupon 69371RS64 0.00 PACCAR FINANCIAL CORP 4.95 08/10/2028 41,332.50 41,332.50 02/18/2025 Coupon 02582JJT8 0.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 02/18/2025 Coupon 02582JKH2 0.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 02/18/2025 Coupon 05522RDH8 0.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 02/18/2025 Coupon 05522RDJ4 0.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 02/18/2025 Coupon 161571HT4 0.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 02/18/2025 Coupon 171239AL0 0.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 93,193.75 93,193.75 02/18/2025 Coupon 362554AC1 0.00 GMCAR 2021-4 A3 0.68 09/16/2026 77.01 77.01 02/18/2025 Principal Paydown 362554AC1 (28,217.41) GMCAR 2021-4 A3 0.68 09/16/2026 28,217.41 28,217.41 02/18/2025 Coupon 380146AC4 0.00 GMCAR 2022-1 A3 1.26 11/16/2026 157.03 157.03 02/18/2025 Principal Paydown 380146AC4 (26,538.29) GMCAR 2022-1 A3 1.26 11/16/2026 26,538.29 26,538.29 02/18/2025 Coupon 36268GAD7 0.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 02/18/2025 Coupon 44934FAD7 0.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 02/18/2025 Coupon 44935WAD9 0.00 HALST 25A A3 4.83 01/18/2028 6,449.39 6,449.39 02/18/2025 Coupon 43815BAC4 0.00 HAROT 2022-1 A3 1.88 05/15/2026 697.79 697.79 02/18/2025 Principal Paydown 43815BAC4 (73,179.73) HAROT 2022-1 A3 1.88 05/15/2026 73,179.73 73,179.73 02/18/2025 Coupon 437918AC9 0.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 02/18/2025 Coupon 437930AC4 0.00 HAROT 2024-2 A3 5.27 11/20/2028 6,214.21 6,214.21 02/18/2025 Coupon 44935FAD6 0.00 HART 2021-C A3 0.74 05/15/2026 28.29 28.29 02/18/2025 Principal Paydown 44935FAD6 (30,632.00) HART 2021-C A3 0.74 05/15/2026 30,632.00 30,632.00 02/18/2025 Coupon 448977AD0 0.00 HART 2022-A A3 2.22 10/15/2026 699.18 699.18 02/18/2025 Principal Paydown 448977AD0 (63,428.89) HART 2022-A A3 2.22 10/15/2026 63,428.89 63,428.89 02/18/2025 Coupon 448973AD9 0.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 02/18/2025 Coupon 47789QAC4 0.00 JDOT 2021-B A3 0.52 03/16/2026 52.77 52.77 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 44

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/18/2025 Principal Paydown 47789QAC4 (55,754.20) JDOT 2021-B A3 0.52 03/16/2026 55,754.20 55,754.20 02/18/2025 Coupon 47787JAC2 0.00 JDOT 2022 A3 0.36 09/15/2026 498.74 498.74 02/18/2025 Principal Paydown 47787JAC2 (41,247.07) JDOT 2022 A3 0.36 09/15/2026 41,247.07 41,247.07 02/18/2025 Coupon 47800CAC0 0.00 JDOT 2023 A3 5.01 11/15/2027 7,714.20 7,714.20 02/18/2025 Principal Paydown 47800CAC0 (135,055.84) JDOT 2023 A3 5.01 11/15/2027 135,055.84 135,055.84 02/18/2025 Coupon 47786WAD2 0.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 02/18/2025 Coupon 58770JAD6 0.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.17 4,810.17 02/18/2025 Coupon 30303M8S4 0.00 META PLATFORMS INC 4.3 08/15/2029 50,654.00 50,654.00 02/18/2025 Coupon 89238JAC9 0.00 TAOT 2021-D A3 0.71 04/15/2026 73.82 73.82 02/18/2025 Principal Paydown 89238JAC9 (36,169.47) TAOT 2021-D A3 0.71 04/15/2026 36,169.47 36,169.47 02/18/2025 Coupon 91324PEP3 0.00 UNITEDHEALTH GROUP INC 5.25 02/15/2028 39,375.00 39,375.00 02/18/2025 Coupon 92970QAE5 0.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 02/21/2025 Coupon 43815GAC3 123,754.64 HAROT 2021-4 A3 0.88 01/21/2026 90.75 90.75 02/21/2025 Principal Paydown 43815GAC3 123,754.64 HAROT 2021-4 A3 0.88 01/21/2026 32,986.44 32,986.44 02/25/2025 Coupon 05602RAD3 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 824.38 824.38 02/25/2025 Principal Paydown 05602RAD3 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 41,170.95 41,170.95 02/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 02/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 02/25/2025 Coupon 3135G05X7 6,285,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 11,784.38 11,784.38
02/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 02/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 02/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 02/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 02/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 02/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 02/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 02/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 02/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 02/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 02/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 02/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 45

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2025 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 7,571,562.58 1,545,562.42 9,117,124.99
MARCH 2025
03/03/2025 Coupon 74456QBX3 3,000,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 54,750.00 54,750.00
03/03/2025 Coupon 808513BY0 1,300,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 15,925.00 15,925.00 03/10/2025 Coupon 57636QAW4 2,090,000.00 MASTERCARD INC 4.875 03/09/2028 50,943.75 50,943.75 03/10/2025 Coupon 89114TZT2 1,900,000.00 TORONTO-DOMINION BANK 2.8 03/10/2027 26,600.00 26,600.00 03/14/2025 Coupon 58989V2D5 1,715,000.00 MET TOWER GLOBAL FUNDING 1.25 09/14/2026 10,718.75 10,718.75
03/17/2025 Coupon 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 03/17/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 03/17/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 03/17/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 03/17/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 03/17/2025 Coupon 26442UAH7 1,500,000.00 DUKE ENERGY PROGRESS LLC 3.45 03/15/2029 25,875.00 25,875.00 03/17/2025 Coupon 362554AC1 107,675.85 GMCAR 2021-4 A3 0.68 09/16/2026 73.39 73.39 03/17/2025 Principal Paydown 362554AC1 107,675.85 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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 46

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/17/2025 Coupon 380146AC4 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 131.11 131.11 03/17/2025 Principal Paydown 380146AC4 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 23,925.58 23,925.58 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 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 591.80 591.80 03/17/2025 Principal Paydown 43815BAC4 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 65,717.28 65,717.28 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 314,505.90 HART 2022-A A3 2.22 10/15/2026 595.50 595.50 03/17/2025 Principal Paydown 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 54,467.41 54,467.41 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 15,236.57 HART 2021-C A3 0.74 05/15/2026 11.67 11.67 03/17/2025 Effective Maturity 44935FAD6 15,236.57 HART 2021-C A3 0.74 05/15/2026 18,917.27 18,917.27 03/17/2025 Coupon 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 216,723.16 JDOT 2022 A3 0.36 09/15/2026 435.35 435.35 03/17/2025 Principal Paydown 47787JAC2 216,723.16 JDOT 2022 A3 0.36 09/15/2026 27,090.79 27,090.79 03/17/2025 Coupon 47789QAC4 66,013.62 JDOT 2021-B A3 0.52 03/16/2026 32.11 32.11 03/17/2025 Principal Paydown 47789QAC4 66,013.62 JDOT 2021-B A3 0.52 03/16/2026 41,030.08 41,030.08 03/17/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 7,305.01 7,305.01 03/17/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 90,011.77 90,011.77 03/17/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 03/17/2025 Coupon 880591EZ1 3,500,000.00 TENNESSEE VALLEY AUTHORITY 3.875 03/15/2028 67,812.50 67,812.50
03/17/2025 Coupon 89238JAC9 88,596.77 TAOT 2021-D A3 0.71 04/15/2026 53.11 53.11 03/17/2025 Principal Paydown 89238JAC9 88,596.77 TAOT 2021-D A3 0.71 04/15/2026 33,980.68 33,980.68 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 HAROT 2024-2 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 123,754.64 HAROT 2021-4 A3 0.88 01/21/2026 66.56 66.56 03/21/2025 Principal Paydown 43815GAC3 123,754.64 HAROT 2021-4 A3 0.88 01/21/2026 32,070.75 32,070.75 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
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 47

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/25/2025 Coupon 05602RAD3 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 714.25 714.25 03/25/2025 Principal Paydown 05602RAD3 301,261.15 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
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 451,729.68 1,137,607.77 1,589,337.44
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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 48

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 488.85 488.85 04/15/2025 Principal Paydown 43815BAC4 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 66,522.26 66,522.26 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 314,505.90 HART 2022-A A3 2.22 10/15/2026 494.73 494.73 04/15/2025 Principal Paydown 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 55,861.50 55,861.50 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 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 216,723.16 JDOT 2022 A3 0.36 09/15/2026 382.98 382.98 04/15/2025 Principal Paydown 47787JAC2 216,723.16 JDOT 2022 A3 0.36 09/15/2026 34,667.10 34,667.10 04/15/2025 Coupon 47789QAC4 66,013.62 JDOT 2021-B A3 0.52 03/16/2026 14.33 14.33 04/15/2025 Effective Maturity 47789QAC4 66,013.62 JDOT 2021-B A3 0.52 03/16/2026 33,075.93 33,075.93 04/15/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 6,929.21 6,929.21 04/15/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 110,316.39 110,316.39 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 88,596.77 TAOT 2021-D A3 0.71 04/15/2026 33.01 33.01 04/15/2025 Principal Paydown 89238JAC9 88,596.77 TAOT 2021-D A3 0.71 04/15/2026 34,183.50 34,183.50 04/15/2025 Dividend 90LAIF$00 43,853,884.12 Local Agency Investment Fund State Pool 114,774.46 114,774.46 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 107,675.85 GMCAR 2021-4 A3 0.68 09/16/2026 59.41 59.41 04/16/2025 Principal Paydown 362554AC1 107,675.85 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 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 105.99 105.99 04/16/2025 Principal Paydown 380146AC4 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 24,749.95 24,749.95 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 HAROT 2024-2 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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 49

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/21/2025 Coupon 43815GAC3 123,754.64 HAROT 2021-4 A3 0.88 01/21/2026 43.04 43.04 04/21/2025 Principal Paydown 43815GAC3 123,754.64 HAROT 2021-4 A3 0.88 01/21/2026 32,243.87 32,243.87 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 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 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 607.63 607.63 04/25/2025 Principal Paydown 05602RAD3 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 40,721.87 40,721.87 04/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,470.00 7,470.00 04/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 04/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 04/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 04/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 04/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 04/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 04/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 04/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 04/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 04/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 04/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 04/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 04/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 04/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 04/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 04/28/2025 Coupon 459058JL8 6,300,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 15,750.00 15,750.00
04/30/2025 Coupon 91282CAT8 6,000,000.00 UNITED STATES TREASURY 0.25 10/31/2025 7,500.00 7,500.00 04/30/2025 Coupon 91282CDG3 3,120,000.00 UNITED STATES TREASURY 1.125 10/31/2026 17,550.00 17,550.00 04/30/2025 Coupon 91282CJF9 2,000,000.00 UNITED STATES TREASURY 4.875 10/31/2028 48,750.00 48,750.00 04/30/2025 Coupon 91282CKP5 7,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 161,875.00 161,875.00 April 2025 Total 1,572,473.98 793,448.06 2,365,922.04
MAY 2025
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 50

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/01/2025 Coupon 06367WB85 2,761,000.00 BANK OF MONTREAL 1.85 05/01/2025 25,539.25 25,539.25 05/01/2025 Final Maturity 06367WB85 2,761,000.00 BANK OF MONTREAL 1.85 05/01/2025 2,761,000.00 2,761,000.00 05/01/2025 Coupon 74460DAD1 3,000,000.00 PUBLIC STORAGE OPERATING CO 3.385 05/01/2029 50,775.00 50,775.00
05/07/2025 Coupon 3135G06G3 6,300,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 15,750.00 15,750.00
05/12/2025 Coupon 023135BX3 4,865,000.00 AMAZON.COM INC 1.0 05/12/2026 24,325.00 24,325.00 05/12/2025 Coupon 037833ET3 1,650,000.00 APPLE INC 4.0 05/10/2028 33,000.00 33,000.00 05/12/2025 Coupon 665859AW4 1,345,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 26,900.00 26,900.00 05/15/2025 Coupon 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 7,811.13 7,811.13 05/15/2025 Final Maturity 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,765,000.00 2,765,000.00 05/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 05/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 05/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 05/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 05/15/2025 Coupon 26442CAX2 3,280,000.00 DUKE ENERGY CAROLINAS LLC 3.95 11/15/2028 64,780.00 64,780.00
05/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 05/15/2025 Coupon 43815BAC4 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 384.63 384.63 05/15/2025 Principal Paydown 43815BAC4 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 64,095.96 64,095.96 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 314,505.90 HART 2022-A A3 2.22 10/15/2026 391.39 391.39 05/15/2025 Principal Paydown 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 53,598.59 53,598.59 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 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 216,723.16 JDOT 2022 A3 0.36 09/15/2026 315.95 315.95 05/15/2025 Principal Paydown 47787JAC2 216,723.16 JDOT 2022 A3 0.36 09/15/2026 31,996.89 31,996.89 05/15/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 6,468.64 6,468.64 05/15/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 107,843.53 107,843.53 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 88,596.77 TAOT 2021-D A3 0.71 04/15/2026 12.78 12.78 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 51

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2025 Effective Maturity 89238JAC9 88,596.77 TAOT 2021-D A3 0.71 04/15/2026 21,605.37 21,605.37 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 107,675.85 GMCAR 2021-4 A3 0.68 09/16/2026 45.04 45.04 05/16/2025 Principal Paydown 362554AC1 107,675.85 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 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 80.00 80.00 05/16/2025 Principal Paydown 380146AC4 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 22,898.47 22,898.47 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 HAROT 2024-2 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 123,754.64 HAROT 2021-4 A3 0.88 01/21/2026 19.40 19.40 05/21/2025 Effective Maturity 43815GAC3 123,754.64 HAROT 2021-4 A3 0.88 01/21/2026 26,453.59 26,453.59 05/26/2025 Coupon 05602RAD3 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 498.70 498.70 05/26/2025 Principal Paydown 05602RAD3 301,261.15 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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 52

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 5,918,120.27 700,923.31 6,619,043.59
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
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 107,675.85 GMCAR 2021-4 A3 0.68 09/16/2026 31.15 31.15 06/16/2025 Principal Paydown 362554AC1 107,675.85 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 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 55.96 55.96 06/16/2025 Principal Paydown 380146AC4 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 22,405.68 22,405.68 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 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 284.21 284.21 06/16/2025 Principal Paydown 43815BAC4 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 62,524.89 62,524.89 06/16/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 53

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/16/2025 Coupon 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 292.23 292.23 06/16/2025 Principal Paydown 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 52,484.14 52,484.14 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 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 216,723.16 JDOT 2022 A3 0.36 09/15/2026 254.09 254.09 06/16/2025 Principal Paydown 47787JAC2 216,723.16 JDOT 2022 A3 0.36 09/15/2026 25,892.03 25,892.03 06/16/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 6,018.40 6,018.40 06/16/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 97,054.01 97,054.01 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 HAROT 2024-2 A3 5.27 11/20/2028 6,214.21 6,214.21 06/18/2025 Coupon 89236TJK2 3,325,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 18,703.13 18,703.13
06/20/2025 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 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 394.09 394.09 06/25/2025 Principal Paydown 05602RAD3 301,261.15 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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 54

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 9,520,640.60 1,808,748.15 11,329,388.76 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 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 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 186.25 186.25 07/15/2025 Principal Paydown 43815BAC4 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 60,896.40 60,896.40 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 314,505.90 HART 2022-A A3 2.22 10/15/2026 195.14 195.14 07/15/2025 Principal Paydown 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 51,300.50 51,300.50 07/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 55

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2025 Coupon 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 216,723.16 JDOT 2022 A3 0.36 09/15/2026 204.04 204.04 07/15/2025 Principal Paydown 47787JAC2 216,723.16 JDOT 2022 A3 0.36 09/15/2026 30,661.60 30,661.60 07/15/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 5,613.20 5,613.20 07/15/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 99,720.08 99,720.08 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 107,675.85 GMCAR 2021-4 A3 0.68 09/16/2026 17.86 17.86 07/16/2025 Principal Paydown 362554AC1 107,675.85 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 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 32.44 32.44 07/16/2025 Principal Paydown 380146AC4 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 21,911.52 21,911.52 07/16/2025 Coupon 57629WDE7 2,272,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 13,632.00 13,632.00
07/17/2025 Coupon 57629W5B2 2,140,000.00 MASSMUTUAL GLOBAL FUNDING II 4.85 01/17/2029 51,895.00 51,895.00
07/17/2025 Coupon 713448FX1 3,775,000.00 PEPSICO INC 4.5 07/17/2029 84,937.50 84,937.50 07/18/2025 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 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 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 295.58 295.58 07/25/2025 Principal Paydown 05602RAD3 301,261.15 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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 56

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 07/31/2025 Coupon 91282CMG3 4,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 95,625.00 95,625.00 July 2025 Total 6,685,758.20 1,162,124.52 7,847,882.72
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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 57

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 90.85 90.85 08/15/2025 Effective Maturity 43815BAC4 372,219.45 HAROT 2022-1 A3 1.88 05/15/2026 57,989.28 57,989.28 08/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 08/15/2025 Coupon 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 100.23 100.23 08/15/2025 Principal Paydown 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 49,823.33 49,823.33 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 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 216,723.16 JDOT 2022 A3 0.36 09/15/2026 144.76 144.76 08/15/2025 Principal Paydown 47787JAC2 216,723.16 JDOT 2022 A3 0.36 09/15/2026 27,780.91 27,780.91 08/15/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 5,196.87 5,196.87 08/15/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 91,651.69 91,651.69 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 107,675.85 GMCAR 2021-4 A3 0.68 09/16/2026 5.09 5.09 08/18/2025 Effective Maturity 362554AC1 107,675.85 GMCAR 2021-4 A3 0.68 09/16/2026 8,980.22 8,980.22 08/18/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 08/18/2025 Coupon 380146AC4 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 9.43 9.43 08/18/2025 Effective Maturity 380146AC4 123,014.45 GMCAR 2022-1 A3 1.26 11/16/2026 8,979.35 8,979.35 08/18/2025 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 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 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 201.37 201.37 08/25/2025 Principal Paydown 05602RAD3 301,261.15 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
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 58

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 6,715,300.55 1,009,358.02 7,724,658.57 SEPTEMBER 2025
09/02/2025 Coupon 74456QBX3 3,000,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 54,750.00 54,750.00
09/02/2025 Coupon 91282CCW9 1,570,000.00 UNITED STATES TREASURY 0.75 08/31/2026 5,887.50 5,887.50 09/02/2025 Coupon 91282CFH9 3,450,000.00 UNITED STATES TREASURY 3.125 08/31/2027 53,906.25 53,906.25 09/02/2025 Coupon 91282CGP0 7,000,000.00 UNITED STATES TREASURY 4.0 02/29/2028 140,000.00 140,000.00 09/02/2025 Coupon 91282CHX2 1,900,000.00 UNITED STATES TREASURY 4.375 08/31/2028 41,562.50 41,562.50 09/02/2025 Coupon 91282CKD2 7,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 148,750.00 148,750.00 09/02/2025 Coupon 91282CLK5 8,000,000.00 UNITED STATES TREASURY 3.625 08/31/2029 145,000.00 145,000.00 09/03/2025 Coupon 808513BY0 1,300,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 15,925.00 15,925.00 09/09/2025 Coupon 57636QAW4 2,090,000.00 MASTERCARD INC 4.875 03/09/2028 50,943.75 50,943.75 09/10/2025 Coupon 89114TZT2 1,900,000.00 TORONTO-DOMINION BANK 2.8 03/10/2027 26,600.00 26,600.00 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 59

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 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 314,505.90 HART 2022-A A3 2.22 10/15/2026 8.06 8.06 09/15/2025 Effective Maturity 448977AD0 314,505.90 HART 2022-A A3 2.22 10/15/2026 4,355.23 4,355.23 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 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 216,723.16 JDOT 2022 A3 0.36 09/15/2026 91.05 91.05 09/15/2025 Principal Paydown 47787JAC2 216,723.16 JDOT 2022 A3 0.36 09/15/2026 27,058.13 27,058.13 09/15/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 4,814.22 4,814.22 09/15/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 93,404.52 93,404.52 09/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 09/15/2025 Coupon 58989V2D5 1,715,000.00 MET TOWER GLOBAL FUNDING 1.25 09/14/2026 10,718.75 10,718.75
09/15/2025 Coupon 880591EZ1 3,500,000.00 TENNESSEE VALLEY AUTHORITY 3.875 03/15/2028 67,812.50 67,812.50
09/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 09/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 8,022.71 8,022.71 09/17/2025 Coupon 931142ER0 785,000.00 WALMART INC 1.05 09/17/2026 4,121.25 4,121.25 09/18/2025 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 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 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 110.13 110.13 09/25/2025 Principal Paydown 05602RAD3 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 28,680.45 28,680.45 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 60

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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
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 6,596,800.19 1,659,026.29 8,255,826.47
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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 61

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 Coupon 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 216,723.16 JDOT 2022 A3 0.36 09/15/2026 38.73 38.73 10/15/2025 Effective Maturity 47787JAC2 216,723.16 JDOT 2022 A3 0.36 09/15/2026 20,035.19 20,035.19 10/15/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 4,424.26 4,424.26 10/15/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 111,051.68 111,051.68 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 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 19,309.65 19,309.65 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
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 HAROT 2024-2 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 301,261.15 BMWOT 2022-A A3 3.21 08/25/2026 33.41 33.41 10/27/2025 Effective Maturity 05602RAD3 301,261.15 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 6,159.04 6,159.04 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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 62

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 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 12,768,135.71 769,053.50 13,537,189.21
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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 63

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 7,944.67 7,944.67 11/17/2025 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 87,204.98 87,204.98 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 7,280.96 7,280.96 11/17/2025 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 171,316.24 171,316.24 11/17/2025 Coupon 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 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 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 3,960.61 3,960.61 11/17/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 129,847.03 129,847.03 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 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 HAROT 2024-2 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 65,869.91 65,869.91 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 7,783.99 7,783.99 11/25/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 5,873.80 5,873.80 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 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 64

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 7,112,085.60 612,809.86 7,724,895.46
DECEMBER 2025
12/01/2025 Coupon 57629W4T4 1,850,000.00 MASSMUTUAL GLOBAL FUNDING II 5.15 05/30/2029 47,637.50 47,637.50
12/01/2025 Coupon 91282CAZ4 3,800,000.00 UNITED STATES TREASURY 0.375 11/30/2025 7,125.00 7,125.00 12/01/2025 Final Maturity 91282CAZ4 3,800,000.00 UNITED STATES TREASURY 0.375 11/30/2025 3,800,000.00 3,800,000.00 12/01/2025 Coupon 91282CET4 2,400,000.00 UNITED STATES TREASURY 2.625 05/31/2027 31,500.00 31,500.00 12/01/2025 Coupon 91282CFZ9 4,600,000.00 UNITED STATES TREASURY 3.875 11/30/2027 89,125.00 89,125.00 12/01/2025 Coupon 91282CHE4 7,000,000.00 UNITED STATES TREASURY 3.625 05/31/2028 126,875.00 126,875.00 12/01/2025 Coupon 91282CJN2 3,400,000.00 UNITED STATES TREASURY 4.375 11/30/2028 74,375.00 74,375.00 12/01/2025 Coupon 91282CKT7 4,400,000.00 UNITED STATES TREASURY 4.5 05/31/2029 99,000.00 99,000.00 12/01/2025 Coupon 91282CMA6 4,500,000.00 UNITED STATES TREASURY 4.125 11/30/2029 92,812.50 92,812.50 12/05/2025 Coupon 64952WFK4 3,445,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 79,235.00 79,235.00
12/08/2025 Coupon 64952WFG3 2,120,000.00 NEW YORK LIFE GLOBAL FUNDING 5.0 06/06/2029 53,000.00 53,000.00
12/08/2025 Coupon 89115A2C5 1,400,000.00 TORONTO-DOMINION BANK 4.108 06/08/2027 28,756.00 28,756.00 12/10/2025 Coupon 40139LBC6 3,000,000.00 GUARDIAN LIFE GLOBAL FUNDING 0.875 12/10/2025 13,125.00 13,125.00
12/10/2025 Final Maturity 40139LBC6 3,000,000.00 GUARDIAN LIFE GLOBAL FUNDING 0.875 12/10/2025 3,000,000.00 3,000,000.00
12/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM 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 12/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 12/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 12/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 12/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 13,408.95 13,408.95 12/15/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 186,356.68 186,356.68 12/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 12/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 6,508.61 6,508.61 12/15/2025 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 172,825.28 172,825.28 12/15/2025 Coupon 44935WAD9 2,090,000.00 HALST 25A A3 4.83 01/18/2028 8,412.25 8,412.25 12/15/2025 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 12/15/2025 Coupon 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 3,418.50 3,418.50 12/15/2025 Principal Paydown 47800CAC0 1,712,657.65 JDOT 2023 A3 5.01 11/15/2027 86,822.33 86,822.33 12/15/2025 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 12/15/2025 Coupon 74340XCG4 4,000,000.00 PROLOGIS LP 4.875 06/15/2028 97,500.00 97,500.00 12/15/2025 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 12/16/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 7,592.21 7,592.21 12/16/2025 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 102,208.75 102,208.75 12/18/2025 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 6,214.21 6,214.21 12/18/2025 Coupon 89236TJK2 3,325,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 18,703.13 18,703.13
12/22/2025 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 6,419.18 6,419.18 12/22/2025 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 156,284.90 156,284.90 12/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,700.70 4,700.70 12/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 133,029.58 133,029.58 12/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 12/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 12/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,768.71 7,768.71 12/25/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,194.86 6,194.86 12/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 12/25/2025 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 3,015.72 3,015.72 12/25/2025 Coupon 3137FBBX3 2,650,000.00 FHMS K-068 A2 3.244 08/25/2027 7,163.83 7,163.83 12/25/2025 Coupon 3137FEBQ2 4,690,000.00 FHMS K-072 A2 3.444 12/25/2027 13,460.30 13,460.30 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 66

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 12/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 12/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 12/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 12/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 12/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 12/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 12/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 12/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 12/26/2025 Coupon 437076DC3 3,000,000.00 HOME DEPOT INC 4.75 06/25/2029 71,250.00 71,250.00 12/30/2025 Coupon 3130AWN63 3,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/30/2028 60,000.00 60,000.00 12/31/2025 Coupon 91282CEW7 6,650,000.00 UNITED STATES TREASURY 3.25 06/30/2027 108,062.50 108,062.50 12/31/2025 Coupon 91282CGC9 7,000,000.00 UNITED STATES TREASURY 3.875 12/31/2027 135,625.00 135,625.00 12/31/2025 Coupon 91282CJR3 11,000,000.00 UNITED STATES TREASURY 3.75 12/31/2028 206,250.00 206,250.00 12/31/2025 Coupon 91282CKX8 4,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 85,000.00 85,000.00 December 2025
Total 7,646,738.08 1,811,385.04 9,458,123.13
Grand Total 1,747,885,230.43 72,559,345.44 13,010,046.95 85,569,392.38 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/21/2025 04:31:54 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 67

IMPORTANT DISCLOSURES
City of Corona Cons Account | Account #10003 | As of January 31, 2025 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: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

* 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 49,175,000.00 40,994,433.62 40,708,719.71 8.71% 3.17 1157 4.56Agency 38,850,000.00 38,120,154.55 38,739,428.55 8.10% 1.01 369 4.28Agency CMBS 54,755,000.00 52,411,140.72 51,956,460.46 11.14% 3.32 1212 4.55Cash 121,956.75 121,956.75 121,956.75 0.03% 0.00 0 0.00 Corporate 121,303,000.00 119,583,760.12 120,129,147.11 25.41% 3.26 1191 4.69 LAIF 43,853,884.12 43,853,884.12 43,853,884.12 9.32% 0.00 0 --- Money Market Fund 1,458,351.44 1,458,351.44 1,458,351.44 0.31% 0.00 0 4.04 Municipal Bonds 4,395,000.00 4,385,120.04 4,418,161.65 0.93% 4.50 1643 4.56Supranational 17,190,000.00 16,655,536.66 17,059,834.65 3.54% 1.96 717 4.37US Treasury 155,320,000.00 153,045,748.39 154,556,387.56 32.52% 3.21 1170 4.29 --- 486,422,192.31 470,630,086.40 473,002,332.00 100.00% 2.71 989 4.46 Corona Supplemental City of Corona ConsAgg (362432)As of 01/31/2025 Dated: 02/24/2025 1 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

MONTHLY ACCOUNT STATEMENT
City of Corona Pension Stabilization Trust | Account #10952 | As of January 31, 2025 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: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 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 2.72% 3.57% 2.72% 17.38% 12.59% -- -- -- 12.79% Benchmark Return 2.05% 2.50% 2.05% 11.32% 10.56% -- -- -- 8.44% **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
01/01/2025
End Values as of
01/31/2025
Market Value 49,552,706.08 50,902,978.08
Accrued Interest 0.00 0.00
Total Market Value 49,552,706.08 50,902,978.08
Income Earned 335,045.75 0.00
Cont/WD 0.00 0.00
Par 560,242.08 560,249.08
Book Value 40,613,318.28 40,613,325.28
Cost Value 40,613,318.28 40,613,325.28

TOP ISSUERS
iShares Trust - iShares Core S&P 500 31.72%
iShares Trust - iShares Core S&P Mid 17.02%
Vanguard Index Funds - Vanguard Smal 15.11%
Vanguard Bond Index Funds - Vanguard 13.79%
Vanguard Tax-Managed Funds - Vanguar 8.24%
Vanguard Specialized Funds - Vanguar 7.99%
Total 93.85%
Asset Allocation
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 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 16.0 Compliant
Min % (MV; Cash & Fixed Income) 10.0 16.0 Compliant

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

EQUITIES
Max % (MV) 80.0 74.1 Compliant
Min % (MV) 50.0 74.1 Compliant

FIXED INCOME
Max % (MV; Cash & Fixed Income) 30.0 16.0 Compliant
Min % (MV; Cash & Fixed Income) 10.0 16.0 Compliant
Min Rating (BBB- by 1) 0.0 0.0 Compliant
REITS
Max % (MV) 15.0 10.0 Compliant
Min % (MV) 0.0 10.0 Compliant
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 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 84,349.08 --

0.00%
84,349.08
84,349.08

1.00 0.00%
84,349.08

0.00 0.17%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 84,349.08 0.00%
84,349.08
84,349.08

1.00 0.00%
84,349.08

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

44.40 0.00%
1,007,880.00

0.00 1.98%
112,550.56
NA/NA
NA 0.00
Total Emerging
Market Equity 22,700.00 0.00%
895,329.44
895,329.44

44.40 0.00%
1,007,880.00

0.00 1.98%
112,550.56
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

49.94 0.00%
4,194,960.00

0.00 8.24%
686,727.09
NA/NA
NA 0.00
Total International
Equity 84,000.00 0.00%
3,508,232.91
3,508,232.91

49.94 0.00%
4,194,960.00

0.00 8.24%
686,727.09
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

40.12 0.00%
1,011,024.00

0.00 1.99%
(28,112.74)
NA/NA
NA 0.00
Total International
Real Estate 25,200.00 0.00%
1,039,136.74
1,039,136.74

40.12 0.00%
1,011,024.00

0.00 1.99%
(28,112.74)
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
604.66

0.00%
16,144,422.00

0.00 31.72%
5,365,103.75
NA/NA
NA 0.00
Total Large Cap US
Equity 26,700.00 0.00%
10,779,318.25
10,779,318.25
604.66

0.00%
16,144,422.00

0.00 31.72%
5,365,103.75
NA/NA
NA 0.00

MID CAP US
EQUITY
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 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

64.65 0.00%
8,663,100.00

0.00 17.02%
2,127,669.66
NA/NA
NA 0.00
Total Mid Cap US
Equity 134,000.00 0.00%
6,535,430.34
6,535,430.34

64.65 0.00%
8,663,100.00

0.00 17.02%
2,127,669.66
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

90.55 0.00%
4,065,695.00

0.00 7.99%
162,403.92
NA/NA
NA 0.00
Total Real Estate 44,900.00 0.00%
3,903,291.08
3,903,291.08

90.55 0.00%
4,065,695.00

0.00 7.99%
162,403.92
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
249.64

0.00%
7,688,912.00

0.00 15.11%
1,860,182.50
NA/NA
NA 0.00
Total Small Cap US
Equity 30,800.00 0.00%
5,828,729.50
5,828,729.50
249.64

0.00%
7,688,912.00

0.00 15.11%
1,860,182.50
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

72.34 0.00%
7,016,980.00

0.00 13.79%
(42,227.26)
NA/NA
NA 0.00
Total US Core
Bonds 97,000.00 0.00%
7,059,207.26
7,059,207.26

72.34 0.00%
7,016,980.00

0.00 13.79%
(42,227.26)
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

96.76 0.00%
1,025,656.00

0.00 2.01%
45,355.32
NA/NA
NA 0.00
Total US High
Yield Bonds 10,600.00 0.00%
980,300.68
980,300.68

96.76 0.00%
1,025,656.00

0.00 2.01%
45,355.32
NA/NA
NA 0.00
Total Portfolio 560,249.08 0.00%
40,613,325.28
40,613,325.28
265.43

0.00%
50,902,978.08

0.00 100.00%
10,289,652.80
Aaa/AAA
AAA

0.00 0.00
Total Market
Value + Accrued 50,902,978.08
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 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 OTHER
Other Income 01/15/2025 CCYUSD 6.11 Cash 0.00% 6.11 0.00 6.11 0.00 Other Income 01/15/2025 CCYUSD 0.89 Cash 0.00% 0.89 0.00 0.89 0.00 Total Other
Income 7.00 7.00 0.00 7.00 0.00

TOTAL OTHER
TRANSACTIONS 7.00 7.00 0.00 7.00 0.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 7

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

CASH & EQUIVALENTS
CCYUSD Cash
84,349.08
84,342.08

0.00 0.00
84,349.08

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 84,349.08
84,342.08

0.00 0.00
84,349.08

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
10,779,318.25

0.00 0.00
10,779,318.25

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 464287507 ISHARES:CORE S&P MD-CP
134,000.00
6,535,430.34

0.00 0.00
6,535,430.34

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

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

0.00 0.00
980,300.68

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 921937835 VANGUARD TOT BD ETF
97,000.00
7,059,207.26

0.00 0.00
7,059,207.26

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 921943858 VANGUARD DEV MKT ETF
84,000.00
3,508,232.91

0.00 0.00
3,508,232.91

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922042676 VANGUARD GXUS RE ETF
25,200.00
1,039,136.74

0.00 0.00
1,039,136.74

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 8

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
922042858 VANGUARD EM ST I ETF
22,700.00
895,329.44

0.00 0.00
895,329.44

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922908553 VANGUARD RE IDX ETF
44,900.00
3,903,291.08

0.00 0.00
3,903,291.08

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922908751 VANGUARD S-C ID ETF
30,800.00
5,828,729.50

0.00 0.00
5,828,729.50

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Equity 475,900.00
40,528,976.20

0.00 0.00
40,528,976.20

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
TOTAL PORTFOLIO 560,249.08
40,613,318.28

0.00 0.00
40,613,325.28

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 9

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount FEBRUARY 2025
02/05/2025 Equity Dividend 921937835 97,000.00 VANGUARD TOT BD ETF 22,775.50 22,775.50 02/06/2025 Equity Dividend 78468R622 10,600.00 SPDR BBG HIGH YIELD BD 5,678.28 5,678.28 February 2025
Total 28,453.78 28,453.78
Grand Total 107,600.00 28,453.78 28,453.78
Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

IMPORTANT DISCLOSURES
City of Corona Pension Stabilization Trust | Account #10952 | As of January 31, 2025 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: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

Execution Time: 02/05/2025 02:10:04 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 11

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
35% S&P 500 TR, 50% ICE Corp Gov &
Mtg Index, 15% MSCI EAFE TR
The S&P 500 is a market value weighted index of 500 large-capitalization stocks. The 500 companies included in the index capture approximately 80% of available US market capitalization.

The MSCI EAFE International Equity Index is a market capitalization weighted index that captures international equity performance of large- and mid-cap stocks in the developed stock markets of Europe, Australasia, and the Far East.

The ICE BofA US Corporate, Government & Mortgage Index tracks the performance of US dollar denominated investment grade debt publicly issued in the US domestic market, including US Treasuries, quasi-governments, corporates, covered bonds and residential mortgage pass-throughs. Non-residential mortgage collateralized debt such as commercial mortgage backed securities and asset backed securities are excluded from this index, as are all collateralized mortgage obligations. Most qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). They must also have at least one year remaining term to final maturity, at least 18 months to final maturity at point of issuance and a fixed coupon schedule. Amounts outstanding for qualifying US Treasuries must be at least $1 billion; US agencies, foreign governments, supranationals, corporates and covered bonds must have at least $250 million outstanding. Qualifying residential mortgage pass-through securities include fixed rate securities publicly issued by US agencies. 30-year, 20-year and 15-year fixed rate mortgage pools must have at least one year remaining term to final maturity and a minimum amount outstanding of at least $5 billion per generic coupon and $250 million per production year within each generic coupon.

Docusign Envelope ID: 410D2B95-EE81-4D05-A31C-9CB0E663FE63

DATE: 03/19/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-84

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 JANUARY 2025
RECOMMENDED ACTION:

That the City Council receive and file the monthly fiscal report for January 2025.

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

SUBJECT: Monthly Fiscal Report, January 2025
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 January 2025, 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: C19D63EA-7085-4FAE-91A0-13582308EF7A

BEGINNING ENDING

DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 10,004,182.70 $ 85,420,610.35 $ 90,951,050.35 $ 4,473,742.70 Deposits in Transit 1,464,557.95 1,477,086.33
Outstanding Checks (2,181,934.92) (1,430,766.92)
Fiscal Agents 44,863,769.19
1,464,557.95
1,430,766.92
45,026,729.10
Developer Escrow Accounts 1,845,026.00
1,477,086.33
2,181,934.92
162,959.91
1,845,026.00
Investments
Chandler Investment- City Account 428,374,465.79 11,500,252.56 10,726,270.47 429,148,447.88 Chandler Investment -Pension Trust Fund 40,613,318.28 7.00 40,613,325.28 LAIF 31,442,026.35 45,611,857.77 33,200,000.00 43,853,884.12 Investments Subtotal 500,429,810.42 57,112,117.33 43,926,270.47 513,615,657.28 Change Fund 10,248.00 10,248.00
Returned Checks 18,678.39 66,787.15 84,209.32 1,256.22
Credit Card Reconciling Items- Fees (2,235.47) 2,235.47 2,437.46 (2,437.46) TOTAL $ 556,452,102.26 $ 146,423,731.46 $ 137,859,292.47 $ 565,016,541.25 * For informational purpose only
January 31, 2025

CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: C19D63EA-7085-4FAE-91A0-13582308EF7A

ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED

ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 43,853,884.12 $ 43,853,884.12
Chandler Investment- City Account $ 429,148,447.88 $ 429,148,447.88 Chandler Investment -Pension Trust Fund $ 40,613,325.28 $ 40,613,325.28 Investment Total 513,615,657.28 513,615,657.28
General Account - Bank of America 3,981,230.00 1,254,582.43 (1,215,750.32) (1,181.24) 4,018,880.87 Worker's Comp Account - Bank of America 492,512.70 222,503.90 (215,016.60) 500,000.00 Fiscal Agent Accounts 45,026,729.10 45,026,729.10
Escrow Account 1,845,026.00 1,845,026.00
Cashiers Change 10,248.00 10,248.00

BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 564,971,403.08 $ 1,477,086.33 $ (1,430,766.92) $ (1,181.24) $ 565,016,541.25 Subject to final audit

CITY OF CORONA
Cash and Investment Status Report
January 31, 2025
Docusign Envelope ID: C19D63EA-7085-4FAE-91A0-13582308EF7A

General Fund $ 210,333,099.25
Special Revenue Funds
Gas Tax 13,517,382.28
Measure A 16,197,968.63
Trip Reduction 2,080,182.11
Asset Forfeiture 388,192.19
Development 33,488,516.56
Residential Refuse/Recycling (960,155.03)
Landscape and Streetlight Maintenance 30,224,820.53
Other Grants and Endowments 18,715,769.73 113,652,677.00 Debt Service Funds
Public Financing Authority 5,318.92 5,318.92
Capital Project Funds
Housing/Community Development (1,229,474.89)
Planned Local Drainage 659,609.15
Other Grants (12,896,725.41)
Public Facility Project (3,875,769.61)
Corona Housing Authority 24,816,828.60 7,474,467.84
Enterprise Funds
Water Utility 42,903,455.98
Water Reclamation Utility 61,918,761.41
Transit 639,667.16
Electric Utility 28,680,942.94
Airport 2,135,703.07 136,278,530.56
Internal Service Funds
Fleet Operations 3,852,154.93
Workers' Compensation 22,188,715.96
Liability Risk 557,265.00
Warehouse Services 1,295,103.17
Information Technology 11,340,685.90 39,233,924.96
Fiduciary Funds
AD & CFD Bond Funds 49,524,886.37
AB109 PACT -
Successor Agency 8,513,636.35 58,038,522.72
Total All Funds $ 565,016,541.25
Subject to final audit

CITY OF CORONA
Cash Balance By Fund
January 31, 2025
Docusign Envelope ID: C19D63EA-7085-4FAE-91A0-13582308EF7A

MARKET BOOK PERCENT OF

INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 49,175,000.00 40,994,433.62 40,708,719.71 7.93%
Agency 38,850,000.00 38,120,154.55 38,739,428.55 7.54%
CMO 54,755,000.00 52,411,140.72 51,956,460.46 10.12%
Pension Trust 560,249.08 50,902,978.08 40,613,325.28 7.91% Receivable 121,956.75 121,956.75 121,956.75 0.02%
Corporate 121,303,000.00 119,583,760.12 120,129,147.11 23.39% LAIF 43,853,884.12 43,853,884.12 43,853,884.12 8.54%
Money Market Fund FI 1,458,351.44 1,458,351.44 1,458,351.44 0.28% Municipal Bonds 4,395,000.00 4,385,120.04 4,418,161.65 0.86% Supranational 17,190,000.00 16,655,536.66 17,059,834.65 3.32% US Treasury 155,320,000.00 153,045,748.39 154,556,387.56 30.09% TOTAL PORTFOLIO $ 486,982,441.39 521,533,064.48 $ 513,615,657.28 100.00% Subject to final audit

CITY OF CORONA
Investment Portfolio Report
January 31, 2025
Docusign Envelope ID: C19D63EA-7085-4FAE-91A0-13582308EF7A

DATE: 03/19/2025
TO: Honorable Mayor and City Council Members
FROM: Planning & Development Department
2025-93

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:
2024 ANNUAL PROGRESS REPORT FOR THE GENERAL PLAN AND HOUSING

ELEMENT, FOR SUBMITTAL TO THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT AND THE GOVERNOR’S OFFICE OF LAND USE

AND CLIMATE INNOVATION, INCLUDING A REPORT ON LOW-MODERATE-INCOME

HOUSING ASSET ACTIVITY
EXECUTIVE SUMMARY:

This staff report asks the City Council to accept the annual progress report on the City’s General Plan and Housing Element for calendar year 2024. California law requires the annual report to be reviewed and accepted by the City Council before submitting the report to the California Department of Housing and Community Development (HCD) and the Governor’s Office of Land Use and Climate Innovation (LCI) by April 1 each calendar year.

RECOMMENDED ACTION:

That the City Council accept the General Plan and Housing Element Annual Progress Report to be submitted to the California Department of Housing and Community Development and Governor’s Office of Land Use and Climate Innovation, for the 2024 calendar year.

That the Corona Housing Authority accept and to the extent necessary, direct that the City Council take the above actions.

BACKGROUND & HISTORY:

The General Plan is governed by the California Government Code, and per Section 65400. Local jurisdictions must submit an annual General Plan progress report to the California Department of Housing and Community Development (HCD) and the Governor’s Office of Land Use and Climate Innovation (LCI) by April 1st. Prior to submission, the report must be accepted by City Council.

The General Plan and Housing Element Annual Progress Report (APR) is comprised of two parts; a general status update on the implementation of the City’s General Plan (Exhibit 1), and a summary of the implementation of the General Plan Housing Element using forms provided by HCD (Exhibit 2). The Housing Element APR documents the number of housing units, by income level, that have been proposed, permitted, and constructed; and identifies the progress toward implementing Housing Element goals and policies.

Health and Safety Code 34176.1(f) requires local housing successors to conduct an independent financial audit of the low- and moderate-income housing asset fund within six months after the end of each fiscal year, and to include the housing asset fund activity with the APR submittal.

ANALYSIS:

The Housing Element APR is prepared in conformance with state law and uses the format and information provided by HCD. This year’s Housing Element APR is for calendar year 2024, which is the third reportable year of the 6th Cycle RHNA allocation. The planning period for the Housing Element spans eight years, from October 16, 2021, to October 15, 2029. HCD requires the local jurisdiction to submit the Housing Element APR online using the forms provided by HCD, which are attached as Exhibit 2. If the City does not submit its annual report on time to HCD, the Housing Element can become non-compliant with state law.

The annual progress report identifies the number of new residential housing permits issued, and the progress on the City’s housing programs since October 16, 2021. In calendar year 2024, the City issued 253 building permits for above moderate-income residential units. There were zero (0) residential building permits issued for very lowincome, low and moderate-income households. The following table shows the total number of residential building permits issued to date for each income level category, according to the City’s RHNA allocation for the 6th Cycle. The table includes forty-seven (47) above moderate-income units issued in calendar year 2021, after the 5th Cycle ended on October 15.

Housing Element Cycle 6 Regional Housing Needs Allocation (RHNA) (2021-2029) Income Level City’s Assigned
RHNA by Income
Level for Cycle 6
Total Residential
Permits Issued to
Date for Cycle 6
Total Remaining
RHNA
Very Low 1,752 52 1,700
Low 1,040 0 1,040
Moderate 1,096 0 1,096
Above Moderate 2,200 787 1,413
Total Units 6,088 839 5,249
As a note, 53 building permits were issued for accessory dwelling units (ADUs) in calendar year 2024. Additionally, the City approved three affordable housing density bonus agreements within this reporting period that will accommodate the future development of 2 very low income, 110 low income, and 28 moderate income housing units.

General Plan Annual Progress Report
Unlike the Housing Element APR, the State does not have a standardized form or format for the General Plan APR. Rather, the State has created guidelines that identify important topics to cover. In January 2025, LCI published a “guidance memo” to assist with the preparation of the report. Per LCI, the objective of requiring local jurisdictions to prepare a General Plan APR is to ensure that the General Plan goals and policies remain locally relevant. It also serves to provide LCI with information on how local governments implement their General Plans, so they can better understand how important policy issues are being addressed throughout the State.

The attached General Plan APR was prepared pursuant to the State’s published guidelines. It is divided into four main sections, including:
 Introduction
 Background and summary of the City’s General Plan 2020-2040  Overview of development and infrastructure investments in Calendar Year 2024  Summary of how the City’s Strategic Plan for 2021-2026 correlates with General Plan 2020-2040 goals
Low and Moderate-Income Housing Assets Fund Annual Report California Health and Safety Code 34176.1(f) requires the City’s housing successor to the former Redevelopment Agency to conduct and provide to its governing body an independent financial audit of the low- and moderate-income housing asset fund within six months after the end of each fiscal year. An independent audit was conducted after the end of the fiscal year ending June 30, 2024. The City Council received and filed the annual financial audit at its meeting on December 4, 2024. The Housing Assets Fund Report and the independent audit are attached as Exhibit 3 and Exhibit 4, respectively.

The City is including the Low- and Moderate-Income Housing Assets Fund report with the calendar year 2024 APR because it is required by State law. There is no change to the report filed with the City Council on December 4, 2024.

FINANCIAL IMPACT:

There is no financial impact associated with the recommended actions.

ENVIRONMENTAL ANALYSIS:

This action is exempted 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 receives a report for the General Plan and Housing Element. There is no possibility that this action will have a significant effect on the environment. Therefore, no environmental analysis is required.

PREPARED BY: SANDRA VANIAN, PLANNING MANAGER
REVIEWED BY: JOANNE COLETTA, PLANNING & DEVELOPMENT DIRECTOR ATTACHMENTS:

1. Exhibit 1 - General Plan Annual Progress Report for 2024

2. Exhibit 2 - Housing Element Annual Progress Report for 2024

3. Exhibit 3 - Fiscal Year 2024 Low- and Moderate-Income Housing Asset Fund Report (SB341)

4. Exhibit 4 - Fiscal Year 2024 Auditor’s Report on Compliance with SB341 dated November 25, 2024

City of Corona
General Plan Annual Progress Report
Calendar Year 2024
Prepared by the Planning & Development Department
City of Corona, California
March 19, 2025

Table of Contents
Introduction ......................................................................................................................................... 1 City Profile ..............................................................................................................................................1 What is a General Plan? ....................................................................................................................1 What is a General Plan Annual Progress Report? ......................................................................2 General Plan 2020-2040 & Development Policies ....................................................................... 2 First Citywide Comprehensive Plan ................................................................................................2 General Plan 2020-2040 .....................................................................................................................3 Amendments to General Plan 2020-2040 .....................................................................................4 Climate Action Plan............................................................................................................................5 2021-2029 Housing Element Update...............................................................................................7 Development Projects and Infrastructure Investments .............................................................. 8 Housing Element Annual Progress Report.....................................................................................8 Development Applications...............................................................................................................9 Capital Improvement Projects……………………………………………………………………16 Citywide Policy Implementation ................................................................................................... 17 City of Corona Strategic Plan for 2021-2026..............................................................................17 Appendix A ....................................................................................................................................... 21 Appendix B ........................................................................................................................................ 22 Appendix C ....................................................................................................................................... 23

1 Corona General Plan Annual Progress Report Calendar Year 2024 Introduction
City Profile
Incorporated in 1896, Corona is an ethnically diverse city with industrial, retail, and commercial employment opportunities; public programs, amenities, and parkland for residents; and cultural and historical museums and sites. While the City’s roots were in the agricultural industry, the City of Corona has transformed over the past fifty years into the 31st most populated city in California. Much of that urbanization has been experienced rapidly over the last 25 years, with residential development occurring primarily in the southern, northeastern, and western portions of the City. Known for its schools, recreational opportunities, and historic/cultural amenities, the City provides its residents a high degree of livability.

Looking forward, the City is projected to reach a population of approximately 185,100 people by 2045. Corona is in the northwestern portion of Riverside County, near the convergence of San Bernardino, Orange, and Riverside counties, about 45 miles southeast of Los Angeles. The City is bordered by Norco to the north, Riverside to the east, Orange County to the west, and Riverside County to the south. Two major freeways transect Corona: the Riverside Freeway (SR-91) runs east-west directly north of the City’s center, and Interstate 15 (I-15) runs north-south near the City’s eastern edge. In Corona, the General Plan covers the 39.2 square miles that are within the City limits, and provides guidance to Riverside County for 35.2 square miles of land within the City’s Sphere-ofInfluence (SOI), which includes Coronita, Home Gardens, El Cerrito, and Temescal Valley.

What is a General Plan?
California Government Code Section 65350 requires each local jurisdiction to create and adopt a “General Plan”. A General Plan is a comprehensive, long-term vision document that guides the physical development a city, as well as land outside the city that has a relationship to its future planning and growth.

A General Plan is comprised of goals intended to be achieved over a period of 20 or more years. These goals are supported by written policies and standards, as well as maps and diagrams.

A General Plan is required to include eight “elements”, or topics, which are often reflected as chapters in the General Plan. These mandatory elements include the following:
• Land Use Element
• Circulation Element
• Housing Element
• Conservation Element
• Open-Space Element
• Noise Element
• Safety Element
• Environmental Justice Element

2 Corona General Plan Annual Progress Report Calendar Year 2024 Each of the required elements may be combined within one or more chapters of a General Plan (e.g., a General Plan can have an open Space/Conservation chapter).

What is a General Plan Annual Progress Report?
The California Government Code Section 65400 requires cities to prepare an Annual Progress Report (APR) each year. The APR outlines the status and progress in implementing a City’s General Plan by summarizing activities, projects and decisions that relate to the General Plan’s goals and objectives. The APR reflects the preceding calendar year, and must be submitted to the City Council, the Governor’s Office of Land Use and Climate Innovation (LCI), and the California Department of Housing & Community Development (HCD).

Over time the state law that requires the General Plan Annual Progress Report has been amended, and now cities must submit very specific information to HCD and LCI regarding the implementation of the General Plan’s Housing Element. This information is dictated by statute, and the submittal of the Housing Element report must be completed using forms provided by HCD. As a result of State Law, the Annual Progress Report is now comprised of two parts:
• GP-APR: A broad overview on the status and implementation of the General Plan as a whole.
• HE-APR: HCD forms that report on specific data and policies related to the implementation of the Housing Element.

This report has been prepared to fulfill the City of Corona’s obligation to submit a broad overview of the General Plan Annual Progress Report (GP-APR) for calendar year 2023. It is intended to be a companion document to the Housing Element Annual Progress Report (HE-APR). Both this GP-APR and the HE-APR were reviewed by the Corona City Council on March 19, 2025, and the City submitted the HE-APR to LCI and HCD on March 31, 2025.

This report has been prepared using LCI’s General Plan APR Guidance Memo, dated January 30, 2025.

General Plan 2020-2040 & Development Policies
First Citywide Comprehensive Plan
The City of Corona’s first “General Plan” was prepared in 1955 and adopted in 1956, and was titled The Master Plan, City of Corona California. The Master Plan took “…eight months of intensive study, including consideration and evidence received at two public hearings… [and] conferences were held with representatives of interested agencies, [such] as: State Highway Department, County Planning, School Board, County Flood Control, U.S. Engineers, Chamber of Commerce… labor organizations, agencies within the city government, and other individuals and agencies who could contribute information of value to the work.”
1 This collaboration is indicative of the City’s history of civic engagement and collaborative spirit, which continues to this day. 1 Explanatory Statement to accompany Master Plan, Corona, California; Ferdinand R. Iwasko, Planning Consultant; February 1956

3 Corona General Plan Annual Progress Report Calendar Year 2024 At the time of its adoption in 1956, The Master Plan set forth principals necessary for a transitioning agrarian community with a population of less than 12,000 residents. Given its favorable location within proximity to the growing Los Angeles metropolitan area, and cities of Riverside and San Bernardino, The Master Plan set forth measures to accommodate significant growth, by planning residential districts that would support a population of 42,000 residents, commercial districts to accommodate a retail trade area of 70,000 people, and new industrial areas to capitalize on cutting edge technology and manufacturing opportunities.

General Plan 2020-2040
Over time the General Plan has been amended and re-visioned to accommodate the City’s growing population and industrial and commercial bases. Today the City has almost 170,000 residents2 and an employment base of over 82,700 people3.

The current General Plan is relatively new, having undergone a comprehensive update in 2019/2020. General Plan 2020-2040 reflects current conditions, including the fact that the City is approaching buildout of vacant land within its boundaries, and must accommodate new “growth” through the redevelopment of underutilized properties in the Downtown area and major transit corridors.

General Plan 2020-2040 includes the eight elements required by the State, and numerous elective elements. The chart below shows the existing General Plan elements.

Table 1 - General Plan Elements
General Plan Elements
Mandatory Elements
Elective
Land Use
Housing
Circulation
Conservation
Open Space
Noise
Safety
Environmental
Justice
Land Use X
Housing X
Community Design X
Historic Resources X
Economic Development X
Parks, Recreation, Cultural Arts X X
Circulation X
Infrastructure and Utilities X
Public Safety X
Noise X
Healthy Community X X
Environmental Resources X X X
2 E-1 Population Estimates for Cities, Counties and State, January 2021; State of California, Department of Finance 3 City of Corona Comprehensive Annual Financial Report, FY ending June 30, 2020.

4 Corona General Plan Annual Progress Report Calendar Year 2024 Amendments to General Plan 2020-2040
General Plan 2020-2040 has been amended nine (9) times since its adoption in 2020. Two (2) of the nine approved amendments occurred in 2021; three (3) amendments occurred in 2023; and two (2) amendments occurred in 2024, and one (1) amendment occurred in 2025, prior to the preparation of this report.

It is important to note that three (3) of the nine (9) adopted amendments implement the City’s 6th Cycle Housing Element for 2021-2029. Proposed and adopted amendments to the 2020-2040 General Plan are listed in Table 2 below.

Table 2 – Amendments to 2020-2040 General Plan
Number Status Applicant Description
GPA2020-0002 Applied
08/3/20;
Approved
02/05/25
Gary Edwards;
PSIP WR Green
River, LLC
Amend land use designation of
approximately 159 acres of land to create

49.31 acres of Mixed Use II, 5.5 acres of
General Commercial, and 103.73 acres of
Open Space/General.

GPA2020-0003 Approved
08/04/21
Chris Bowen; GF
Investments, Inc.

Amend land use designation of 17.02 acres
from Low Density Residential (3 to 6
dwelling units per acre) to 8.07 acres of
Medium Density Residential (6 to 15
dwelling units per acre) and 8.95 acres to
General Commercial.

GPA2021-0001 Approved
11/03/21
City of Corona General Plan Housing Element Update for
Planning Period 2021-2029 for the 6th Cycle
Regional Housing Needs Assessment.

GPA2022-0001 Applied
05/24/22;
Approved
03/01/23
Christopher
Sanford; IPT
Corona
Commerce
Center
Amend land use designation of two (2)
parcels totaling 4.95 acres, from General
Industrial (GI) to Light Industrial (LI) at 202-
224 N. Sherman Avenue.

GPA2022-0002 Applied
05/26/2022;
Approved
03/01/23
City of Corona Amend land use designation of various
properties to allow certain residential land
uses consistent with the General Plan
Housing Element sites inventory and
commensurate text changes in the
General Plan.

GPA2022-0003 Applied
07/25/2022;
Approved
03/01/23
Ricardo Rivas;
Stanley Point
Capital
Amend land use designation of three (3)
parcels totaling 4.92 acres, from Light
Industrial (LI) to General Industrial (GI) at
212 and 216 N. Smith Avenue.

GPA2022-0004 Applied
08/29/22;
Pending
Johnny Greer
and Netzer
Admati
Amend land use designation of 0.86 acres
from General Commercial (GC) to Light
Industrial (LI).

GPA2023-0001 Applied
06/08/23;
Pending
Richland
Communities
Amend land use designation of 231.5 acres
from Low Density Residential (LDR) to Low
Medium density Residential (LMDR),
located generally west of Foothill Parkway,
between Mabey Canyon Road and Trudy
Way.

5 Corona General Plan Annual Progress Report Calendar Year 2024 GPA2023-0002 Applied
08/14/23;
Approved
03/06/2024
O & I
Development
Amend land use designation of 5.15 acres
from General Commercial (GC) to High
Density Residential (HDR), located at 430
W. Foothill Parkway.

GPA2023-0004 Applied
09/14/23;
Approved
08/07/24
Greens
Development
Amend land use designation of
approximately 0.59 acres from High Density
Residential (HDR) to General Commercial
(GC), located north of 2nd Street and west
of Buena Vista Avenue.

GPA2023-0005 Applied
10/24/23;
Approved
04/17/24
City of Corona Amend the description of the General
Commercial (GC) land use designation in
the land use table to include residential
associated with the City’s Affordable
Housing Overlay (AHO) Zone, change the
land use of 1.33 acres on East Grand Blvd
and Victoria Ave from GC to High Density
Residential (HDR), and amend the housing
sites inventory in the Housing Element to
include updated housing sites to meet the
City’s Regional Housing Needs Assessment
allocation.

GPA2024-0001 Applied
01/10/24;
Pending
Shea Properties Amend land use designation of 47.64 acres from Agricultural (A) to General Industrial
(GI), located at the southwest corner of
Interstate 15 and Cajalco Road.

GPA2024-0002 Applied
08/14/2024;
Approved
03/19/2025
City of Corona Amend the Circulation Element of the
General Plan to update the roadway
classification for a segment of Ontario
Avenue as part of the Ontario Widening
Project and update the definition for the
City’s Local Hazard Mitigation Plan (LHMP)
in the Public Safety Element of the General
Plan.

GPA2024-0003 Applied
08/19/2024;
Pending
Northgate
Market
Amend the land use designation of 0.19
acres (323 S. Belle Ave) from Low Density
Residential (LDR) and 0.35 acres (332
Washburn Ave) from General Commercial
(GC) to Downtown Commercial/Mixed Use
(MUD).

Climate Action Plan
The 2020 update to the City’s General Plan coincided with an update to the City’s Climate Action Plan (CAP), which was originally adopted in 2012, and revised in 2019.

The City’s first CAP was prepared in response to Assembly Bill 32, the California Global Warming Solutions Act of 2006. The City’s CAP is based on a community inventory of greenhouse gases (GHG), and predicts a forecast of GHGs within the City, and sets reduction targets in accordance with the State’s GHG Scoping Plan. The State’s Scoping Plan demonstrates how California will reduce statewide GHG emissions according to the targets in the Plan. The Scoping Plan requires statewide GHG emissions to be reduced to 1990 levels by 2020; 40% below 1990 levels by 2030; and 80% below 1990 levels by 2050.