Corona City Council
August 6, 2025

Wednesday, August 6, 2025
Closed Session Council Board Room 5:00 PM
Open Session Council Chambers 6:00 PM
** Revised agenda on Monday, August 4, 2025 at 10:45 a.m. Item 5.2 - Presentation was added.

Revised agenda on Tuesday, August 5, 2025 at 1:35 p.m. Item 6.6 - Exhibit was added.

Revised agenda on Tuesday, August 5, 2025 at 5:40 p.m. Item 8.3 - Staff report was revised and Item 9.2 Presentation was revised.**
This meeting will be conducted in person. You can participate remotely: https://coronaca-gov.zoom.us/j/84391193692

1. CONVENE CLOSED SESSION

1.1 CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION Pursuant to Government Code Section 54956.9(d)(1)
Name of Case: In re National Prescription Opiate Litigation Case Number: US District Court Case No. 1:17-md-2804 (N.D. Ohio)

1.2 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code Section 54956.8
Property: 496 Corona Mall
Agency Negotiator: Jacob Ellis, City Manager
Negotiating Party: Moses Cortez
Under Negotiation: Price & Terms of Payment

1.3 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code Section 54956.8
Property: 117-185-030, 117-185-024
Agency Negotiator: Jacob Ellis, City Manager
Negotiating Party: UHS Corona Inc.

Under Negotiation: Price and Terms of Payment

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

3. PLEDGE OF ALLEGIANCE

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

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

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS

5.1 PRESENTATION: COMMUTING PATTERNS, EMPLOYMENT LOCATIONS, AND BIG DATA

APPLICATIONS BY WRCOG

5.2 GREEN RIVER ROAD/FOOTHILL PARKWAY STUDY

6. 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.

6.1 MINUTES - CITY COUNCIL MEETING JULY 2, 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 July 2, 2025

6.2 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 MAY 2025
That the City Council receive and file the monthly investment portfolio report for May 2025.

6.3 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 MAY 2025
That the City Council receive and file the monthly fiscal report for May 2025.

6.4 FIRST AMENDMENT TO FIRST AMENDED AND RESTATED AGREEMENT WITH MERCY HOUSE

LIVING CENTERS
That the City Council:

Approve the First Amendment to the First Amended and Restated Professional Services Agreement with Mercy House for Corona’s Homeless System of Services, effective July 1, 2025, to June 30, 2026, in the total maximum compensation amount of $5,547,735. a.

Authorize the City Manager, or his designee, to execute the First Amendment to the First Amended and Restated Professional Services Agreement with Mercy House. b.

Authorize the City Manager, or his designee, to approve non-substantive amendments to the First Amendment to the First Amended and Restated Professional Services Agreement with Mercy House, including periodic updates to the HOME TBRA Guidelines and the Shelter Operations Plan which are part of the original agreement and more operational and procedural in nature as well as budget line-item adjustments so long as any such amendments will not cause the City to exceed the approved total maximum compensation of $5,547,735 for the First Amendment to the First Amended and Restated Agreement with Mercy House.
c.

6.5 PROFESSIONAL SERVICES AGREEMENT WITH MICHAEL BAKER INTERNATIONAL, INC. TO

PROVIDE CONSULTING SERVICES FOR TRANSIT TECHNICAL ASSISTANCE FOR THE CITY OF CORONA TRANSIT SERVICE, REQUEST FOR PROPOSAL NO. 25-030AT, IN THE AMOUNT OF $1,421,578
That the City Council:

Award Request for Proposal No. 25-030AT to Michael Baker International, Inc., for consulting services for Transit Technical Assistance for the City of Corona Transit Service. a.

Approve the Professional Services Agreement with Michael Baker International, Inc. in the amount of $1,421,578 for the period of August 6, 2025, through January 30, 2029. b.

Authorize the City Manager, or his designee, to execute the Professional Services Agreement with Michael Baker International, Inc., in the amount of $1,421,578 for the initial contract term ending January 30, 2029, including any non-substantive extensions, change orders, purchase orders, and amendments up to 10% or $142,157. c.

Authorize the City Manager, or his designee, to issue a purchase order to Michael Baker International, Inc., in accordance with the duly authorized and executed agreement. d.

Authorize the City Manager, or his designee, to submit to the Riverside County Transportation Commission an amendment to the adopted FY25/26 Short Range Transit Plan requesting an additional $885,000 in State Transit Assistance funds to account for costs directly related to carrying out tasks related to the implementation of the Projects. e.

Authorize an additional appropriation in the amount of $885,000 within the Transit Services Fund 577 to be allocated to the following projects and increase revenue estimates by the same amount:
f.

Citywide Bus Stop Improvements, Capital Improvement Project No. FC-2022-19 – Increase by $355,000
•
Intelligent Transportation System for Transit, Operating and Maintenance Project No. 76530 – Increase by $235,000
•
Hydrogen Fueling Station, Capital Improvement Project No. FC-2024-09 – Increase by $175,000
•
Infrastructure for Battery Electric Buses, Capital Improvement Project No. FC-2024-10 – Increase by $40,000
•
Replacement of Buses, Operating and Maintenance Project No. 76580 – Increase by $80,000
•

6.6 CONSTRUCTION CONTRACT WITH GSE CONSTRUCTION COMPANY, INC. FOR WATER RECLAMATION FACILITY NO.1 CHEMICAL INJECTION FLASH MIXER AND STATIC MIXER

INSTALLATION OPERATING AND MAINTENANCE PROJECT
That the City Council:

Adopt the Plans and Specifications for the Water Reclamation Facility No. 1 Chemical Injection Flash Mixer and Static Mixer Installation Project, Notice Inviting Bids 25-049CA. a.

Award Notice Inviting Bids 25-049CA to GSE Construction Company, Inc., to the lowest responsive, responsible bidder, for the total bid amount of $3,366,500 and waive any and all minor irregularities in the bidding documents as submitted by said bidder. b.
c. Approve the Construction Contract with GSE Construction Company, Inc. for the Water

Reclamation Facility No. 1 Chemical Injection Flash Mixer and Static Mixer Installation Project in the amount of $3,366,500.

Authorize the City Manager, or his designee, to execute the Construction Contract with GSE Construction Company, Inc., in the amount of $3,366,500 including any non-substantive extensions, purchase orders, change orders, and amendments up to 10% of total contract cost or $336,650.
d.

Authorize an appropriation of $$3,889,460 from the Sewer Utility Fund 572 to the Water Reclamation Facility No. 1 Chemical Injection Flash Mixer and Static Mixer Installation, Operating and Maintenance Project No. 77820.
e.

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

6.7 CONSTRUCTION CONTRACT WITH AUGUSTINE GENERAL ENGINEERING, INC. IN THE AMOUNT OF $1,266,525 FOR THE RUDELL ROAD SEWER EXTENSION, CAPITAL IMPROVEMENT PROJECT NO. UT-2021-14; NOTICE INVITING BIDS (NIB) 25-068CA That the City Council:

Adopt the Plans and Specifications for the Rudell Road Sewer Extension, Capital Improvement Project No. UT-2022-01, Notice Inviting Bids 25-068CA a.

Award Notice Inviting Bids 25-068CA, to Augustine General Engineering, Inc., the lowest responsive, responsible bidder, for the total bid amount, which includes Alternate Bid Schedule B, of $1,266,525, and waive any and all minor irregularities in the bidding document as submitted by said bidder.
b.

Approve the Construction Contract with Augustine General Engineering, Inc. for the Rudell Road Sewer Extension, Capital Improvement Project No. UT-2022-01 in the amount of $1,266,525.
c.

Authorize the City Manager, or his designee, to execute the Construction Contract with Augustine General Engineering, Inc., in the amount of $1,266,525, including any nonsubstantive extensions, change orders, purchase orders, and amendments up to 10% of total contract cost or $126,652.
d.

Authorize an appropriation in the amount of $286,823 to the R Rudell Road Sewer Extension, Capital Improvement Project No. UT-2022-01from the Sewer Capacity Fund 440. e.

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

6.8 PROFESSIONAL SERVICES AGREEMENT WITH UTILITY SYSTEM SCIENCE & SOFTWARE FOR

THE SANITARY SEWER INFLOW AND INFILTRATION STUDY
That the City Council:

Award Request for Proposal 25-044AG to Utility Systems Science & Software to conduct a Sanitary Sewer Inflow and Infiltration Study.
a.

Approve the Professional Services Agreement with Utility System Science & Software of Santa Ana, CA in the amount of $500,000 to conduct a Sanitary Sewer Inflow and Infiltration Study for an initial contract term through June 30, 2027. b.

Authorize the City Manager, or his designee, to execute the Professional Services Agreement with Utility System Science & Software in the amount of $500,000 including any non-substantive extensions, purchase orders, change orders, and amendments up to the c.

amount authorized in Corona Municipal Code Section 08.070(I) which is equivalent to 10% or $50,000.

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

6.9 AUTHORIZE CONTRACT CHANGE ORDER NO. 2 WITH R C FOSTER CORPORATION IN THE AMOUNT OF $176,972 FOR THE LESTER POST DISINFECTION STATION PROJECT, PROJECT NO. UT-2013-02
That the City Council:

Authorize the City Manager, or his designee, to issue a Contract Change Order in the amount of $176,972 to RC Foster Corporation due to the postponement of the scheduled winter shutdown of Lester Water Treatment Plant in January 2025. a.

Authorize the City Manager, or his designee, to execute a Contract Change Order with RC Foster Corporation to increase the contract amount by $176,972, amending the total contract amount to $2,040,719 including any non-substantive extensions, change orders, purchase orders, and amendments up to $204,072, which is equivalent to 10% of the revised contract amount.
b.

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

6.10 AN AMENDMENT TO THE WILDLAND PROTECTION AGREEEMENT BETWEEN THE CITY OF CORONA AND CAL FIRE TO INCLUDE AN ADDITIONAL 1476.01 ACRES That the City Council:

Approve the amended Wildland Protection Agreement for Automatic and Mutual Aid in Fire Emergency Services between the City of Corona and California Department of Forestry and Fire Protection (CAL FIRE).
a.

Authorize the City Manager, or his designee, to execute the amended Wildland Protection Agreement for Automatic and Mutual Aid in Fire Emergency Services between the City of Corona and California Department of Forestry and Fire Protection (CAL FIRE). b.

Authorize an appropriation in the amount of $9,637.62 to the Fire Department’s operating budget within General Fund 110.
c.

6.11 QUARTERLY SALES TAX REPORT – 2025, QUARTER 1 (JANUARY – MARCH) That the City Council receive and file the quarterly sales tax information from HdL Companies for Quarter 1 2025 (January – March).

6.12 FISCAL YEAR 2025 QUARTER 4 BUDGETARY ADJUSTMENTS
That the City Council:

Appropriate $1,120,320 and increase estimated revenues by $57,716 across multiple funds, as noted in Exhibit 1 – Appropriations and Estimated Revenues. a.

Authorize a continuing appropriation in the amount not to exceed $15,544 in the General Fund 110 from Fiscal Year 2025 to Fiscal Year 2026 for Fire Department minor equipment purchases. The final amount will be determined based on the fiscal year-end balance. b.
c. Authorize the City Manager, or his designee, to issue a change order to the FY 2025

purchase order B250124 with Grainger in the amount of $12,500 for a total amount of $315,000.

Authorize the City Manager, or his designee, to approve the extension of the year-to-year maintenance contract with Motorola for the Police Department’s FLEX CAD/RMS system for the 2024-2025 fiscal year.
d.

Authorize the City Manager, or his designee, to execute the necessary agreements and purchase orders for continued maintenance and support.
i.

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

6.13 RESOLUTION ORDERING THE SUMMARY VACATION AND CONVEYANCE TO RCFCWCD OF

RIGHT-OF WAY WITHIN A PORTION OF THE BEDFORD CANYON CHANNEL LOCATED ON THE

WEST AND EAST SIDES OF TEMESCAL CANYON ROAD AND SOUTH OF CAJALCO ROAD That the City Council:

Adopt Resolution No. 2025-028, ordering the summary vacation of the public easements within a portion of the Bedford Canyon Channel, Stage 1, currently identified as Assessor Parcel Numbers 279-530-030, 279-530-028, 279-530-029, and 279-240-020. a.

Approve a quitclaim deed conveying to the Riverside County Flood Control and Water Conservation District fee title to right-of-way over property identified as Assessor Parcel Number 279-530-030.
b.

6.14 SUBMISSION OF PRESENTATION MATERIALS PRIOR TO PUBLIC MEETINGS That the City Council approve Administrative Policy No. 07200.006, Submission of Presentation Materials Prior to Public Meetings.

6.15 COVENANT AND DEED RESTRICTION REGARDING ENCROACHMENT ON SANITARY SEWER AND STORM DRAIN EASEMENT LOCATED AT 1141 ATHLONE CIRCLE, CORONA That the City Council authorize the City Manager to execute the covenant and deed restriction regarding encroachment on sanitary sewer and storm drain easement dedicated to the city on the property located at 1141 Athlone Circle.

6.16 RESOLUTION DECLARING THE CITY’S INTENTION TO ANNEX TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2016-3 (MAINTENANCE SERVICES) AND ADOPTING A MAP OF THE AREA PROPOSED TO BE ANNEXED THERETO (ANNEXATION NO. 42) That the City Council adopt Resolution No. 2025-029, declaring intention to annex territory to Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona, and adopting a map of the area proposed to be annexed thereto (Annexation No. 42).

6.17 ACCEPTANCE OF THE STATE OF CALIFORNIA DEPARTMENT OF CALIFORNIA HIGHWAY PATROL FISCAL YEAR 2026 CANNABIS TAX FUND GRANT PROGRAM That the City Council:

Adopt Resolution No. 2025-090 to accept and appropriate $71,553.60 from the State of California and approve the application for cannabis tax fund grant program grant funds. a.

Appropriate $71,553.60 of one-time money from the unappropriated General Fund Balance and increase the General Fund estimated revenue by the same amount to be reimbursed b.

from the State of California Department of California Highway Patrol Cannabis Tax Fund Law Enforcement Grant Fiscal Year 2026.

Authorize the City Manager, or their designee, to execute the grant documents and any related documents, amendments, and agreements that are consistent with or in furtherance of the City Council’s actions hereunder.
c.

6.18 AUTHORIZATION OF ANNUAL PURCHASEORDERS FOR L.N. CURTIS AND SONS IN THE AMOUNT OF $378,000 FOR PUBLIC SAFETYEQUIPMENT AND TOOLS UTILIZING SOURCEWELL

COOPERATIVE PURCHASING AGREEMENTS
That the City Council:

Authorize the City Manager, or his designee, to execute annual purchase orders and any amendments with L.N. Curtis and Sons.:
a.

Authorize the City Manager, or his designee, to issue a purchase order for Fiscal Year 2026 through Fiscal Year 2028 in the total amount of $378,000 per fiscal year for the Fire and Police Departments, via three fire-related Sourcewell (CO-OP) contracts and one law enforcement Sourcewell (CO-OP) contract.
b.

Authorize the City Manager, or his designee, to execute change orders, and amendments as needed, up to $37,800 per calendar year or 10% of the amended contract amount as authorized in Corona Municipal Code Section 3.08.140(C). c.

6.19 FISCAL YEAR 2025 QUARTER 4 BUDGET AND STRATEGIC PLAN PROGRESS REPORT UPDATE

7. 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.

8. 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.

8.1 PUBLIC HEARING FOR ISSUANCE OF TAX EXEMPT REVENUE BONDS BY THE CALIFORNIA

MUNICIPAL FINANCE AUTHORITY UNDER THE TAX AND EQUITY FISCAL RESPONSIBILITY ACT, IN AN AMOUNT NOT TO EXCEED $50,000,000.

That the City Council adopt Resolution No. 2025-089, approving the issuance by the California Municipal Finance Authority of exempt facility bonds in an aggregate principal amount not to exceed $50,000,000 for the purpose of financing or refinancing the acquisition, construction, improvement, and equipping of the Second Street Family Apartment Project.

8.2 APPEAL OF PLANNING AND HOUSING COMMISSION RECOMMENDATION DENYING TENTATIVE TRACT MAP 37895 TO SUBDIVIDE 61.6 ACRES INTO 103 SINGLE FAMILY LOTS IN THE R-1-12 ZONE LOCATED ON LAUREL CANYON WAY FROM OLD TEMESCAL ROAD (APPLICANT: MARI

GIRGIS, LLC)
a. Uphold the recommendation made by the Planning and Housing Commission at its meeting on June 23, 2025, to deny TTM 37895 based on the testimony provided at the meeting;

or
b. Adopt the Addendum to the adopted Mitigated Negative Declaration and Mitigation Monitoring Plan and approve TTM 37895 based on the conditions of approval for the project.

8.3 PUBLIC HEARING FOR RESOLUTION OF NECESSITY TO ACQUIRE, BY EMINENT DOMAIN, A FEE INTEREST IN A PORTION OF PROPERTY AT 3298 SKYLINE DRIVE (APN 112-320-019) FOR

THE CONTINUED USE OF SKYLINE DRIVE AND CONTINUED PUBLIC ACCESS TO THE SKYLINE TRAIL
That the City Council:

Conduct a public hearing to consider the adoption of a resolution of necessity, including providing all parties interested in the affected property and their attorneys, or their representatives, an opportunity to be heard on the issues relevant to the Resolution of Necessity;
a.
b. Make the following findings as hereinafter described in this report:
i. The public interest and necessity require the proposed Project; The Project is planned or located in a manner that will be most compatible with the greatest public good and the least private injury;
ii.
iii. The real property to be acquired is necessary for the Project; and iv. The offer of just compensation has been made to the property owner.

Adopt Resolution No. 2025-091, declaring the necessity of acquisition, by eminent domain, of a fee interest in a portion of real property located at 3298 Skyline Drive, and more particularly described as Assessor Parcel No. 112-320-019, for the continued use of Skyline Drive for vehicular, bicycle and pedestrian public right-of-way purposes and continued bicycle and pedestrian public access to the Skyline Trail.
c.

9. 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.

9.1 PROFESSIONAL SERVICES AGREEMENT WITH THE CORONA CHAMBER OF COMMERCE That the City Council authorize the City Manager, or their designee, to enter into a Professional Services Agreement with the Corona Chamber of Commerce for Business Promotion, Marketing, and Retention Services.

9.2 COUNCILMEMBER RICHINS REQUEST TO DISCUSS PROPOSED PICKLEBALL COURTS AT EL

CERRITO PARK
That the City Council provide direction on the construction of new outdoor pickleball courts at El Cerrito Park.

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

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

11.1 Library Board of Trustees

11.2 Planning & Housing Commission

11.3 Parks & Recreation Commission

11.4 Regional Meetings

11.4.a UPDATE FROM VICE MAYOR JACQUE CASILLAS ON THE TUMF NORTHWEST ZONE ANNUAL MEETING OF JULY 23, 2025

11.4.b UPDATE FROM VICE MAYOR JACQUE CASILLAS ON THE WESTERN RIVERSIDE

COUNCIL OF GOVERNMENTS (WRCOG) GENERAL ASSEMBLY MEETING OF AUGUST 4, 2025

11.4.c UPDATE FROM COUNCIL MEMBER TONY DADDARIO ON THE WESTERN RIVERSIDE COUNTY REGIONAL CONSERVATION AUTHORITY (RCA) MEETING OF AUGUST 4, 2025

12. CITY ATTORNEY'S REPORTS AND COMMENTS

13. CITY MANAGER'S REPORTS AND COMMENTS

14. CITY COUNCIL MEMBERS' REPORTS AND COMMENTS

14.1 TRAVEL REQUEST FOR COUNCIL MEMBER WES SPEAKE TO ATTEND THE LEAGUE OF

CALIFORNIA CITIES ANNUAL CONFERENCE AND EXPO
That the City Council approve the advance request for Council Member Wes Speake to attend the League of California Cities (Cal Cities) 2025 Annual Conference and Expo. The estimated total cost of the trip is $1,028.51, which includes registration, meals, and transportation.

14.2 TRAVEL REQUEST FOR VICE MAYOR JACQUE CASILLAS TO ATTEND THE LEAGUE OF

CALIFORNIA CITIES ANNUAL CONFERENCE AND EXPO
That the City Council approve the advance request for Vice Mayor Jacque Casillas to attend the League of California Cities (Cal Cities) 2025 Annual Conference and Expo. The estimated total cost of the trip is $1,681.51, which includes registration, meals, hotel and transportation.

15. 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.

15.1 (NEW) UPDATE OF CHAPTER 5.34 PEDDLERS AND SOLICITORS (W. SPEAKE) TBD

15.2 REVIEW/AMEND SECTION 17.63.120 ALTERATION, RELOCATION OR DEMOLITION OF HISTORIC RESOURCES, SPECIFICALLY (D)(6) (W. SPEAKE) AUGUST 20, 2025

15.3 HISTORIC CIVIC CENTER OPERATIONS PLAN UPDATE (STAFF) AUGUST 20, 2025

15.4 EXPLORE CORDON PRICING OF THE FOOTHILL CORRIDOR TO DETER CUT THROUGH TRAFFIC (W. SPEAKE) AUGUST 20, 2025

15.5 EXPLORE CMC ORDINANCE CHANGES TO SET TIME LIMITS FOR SPECIFIC FOR TEMPORARY FENCING AND BOARDED UP WINDOWS (W. SPEAKE) SEPTEMBER/OCTOBER

15.6 SAVE THE CORONA CLOCK (T. RICHINS & W. SPEAKE) OCTOBER/NOVEMBER

15.7 CITY PARK FINAL DESIGN UPDATE (STAFF) NOVEMBER/DECEMBER

16. ADJOURNMENT
The next regular meeting of the City Council is scheduled for August 20, 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.

10 Myths about Travel,
Commuting, and
Employment in the
WRCOG Subregion
City of Corona

Myths about Travel, Commuting, and Employment
This study looks at the following :
• Daily trips and travel patterns to see where residents are traveling to • What Counties residents commute to for work
• Congestion patterns
• The ratio of employed residents to jobs in each Jurisdiction

Data Sources
Census Data
• Longitudinal Employer-Household Dynamics (LEHD)
• Uses data from unemployment insurance data, Census of Employment and Wages, other census data Replica/Streetlight
• Aggregates data from cell phones, vehicle location data, and dozens of other sources Compass IOT
• Uses locational data from Vehicle manufacturers which is then resold to 3rd parties

Does This Information Violate My Privacy?
• All is obtained from either public sources or third-parties which purchase their data from other sources • In many cases, private users have either “opted into sharing their data” or not “opted out” if given the chance
• Many express concerns about government stealing their data or spying on them but private agencies are doing it continually and profiting off your data
• Here are some things regularly monitoring you
– Phone
– TV
– Car navigation systems
– Computer
– Smart Home Devices
– Websites
– Services like Uber, Yelp, social media, etc.

Key Definitions
• Employed Residents: Residents who are employed
• Live and Work in Jurisdiction: Residents who work in the Jurisdiction they live in • Work and Live in Jurisdiction: Jobs held by Residents of the Jurisdiction • Home Based Work Trips: Trips from a resident's home to their work • Home Based Other Trips: Trips from a resident's home to a non-work related location (shopping, eating, school, medical, etc)
• Non Home-Based Other Trips: Trips that do not have the driver’s residence as either the origin or destination. Includes travel people make from other destinations and also deliveries.

Key Definitions
Live and Work in Jurisdiction: Residents who work in the Jurisdiction they live in Number of People who Live and Work in the Same City
= ______________________________________________________ Total Number of Residents
Work and Live in Jurisdiction: Jobs held by Residents of the Jurisdiction Number of People who Work and Live in the Same City
= ______________________________________________________ Total Number of Workers

Gray Family Typical Day (Chris, Lori, Sarah)
Person Start End Purpose
Sarah Home Starbucks Home Based Other
Sarah Starbucks Santiago High School Non-Home Based
Chris Home WRCOG Office- Riverside Home Based Work
Chris WRCOG Office- Riverside Taco Bell- University Avenue Non-Home Based Delivery Person Amazon Warehouse Gray Family Home Non-Home Based Chris Taco Bell WRCOG Office Non-Home Based
Lori Home CVS Home Based Other
Gardener Other client’s home Gray Family Home Non-Home Based Sarah Santiago High School Corona Library Non-Home Based Chris WRCOG Office EOS Fitness (Corona) Non-Home Based
Chris EOS Fitness (Corona) Home Home Based Other
Sarah Corona Library Home Home Based Other

Myth #1: All of our congestion is caused by people who live in the region traveling to other counties
• Only 10% of all total trips
leave the WRCOG region
• 53% of all trips in the City
of Corona stay within the
City

Myth #2: Many of our residents travel to LA, Orange, and San Diego County daily • More daily trips travel to Orange
County over Los Angeles, Can
Bernardino, and San Diego
• Less than 17% of trips from Corona
are going to Orange, Los Angeles,
and San Diego Counties daily

Myth #3: Most of our residents are working and driving to/from work City
% of Residents
who Work
Banning 34%
Beaumont 35%
Calimesa 36%
Canyon Lake 43%
Corona 42%
Eastvale 40%
Hemet 34%
Jurupa Valley 44%
Lake Elsinore 40%
Menifee 32%
Moreno Valley 38%
Murrieta 37%
Norco 45%
Perris 42%
Riverside 40%
San Jacinto 35%
Temecula 36%
Wildomar 39%
• Only 42% of Corona residents are actively
employed
• 30%-40% of residents are either too old to
work or too young to work
• Remaining residents are either unable to
work or choose not to work

• 31% of all
trips are
home based
trips that are
going to
places other
than work
(school,
shopping,
eating)
• Work trips are
about 75%
• Remaining
trips are
commercial
trips
(deliveries,
work related,
travel, etc)
Myth #4: All our congestion is related to work travel

Myth #5: Our freeways leaving the County are congested because of work trips

Myth #6: Congestion in my area is from my neighbor's trips and not my residents • 40-50% of all trips
start and end in
the same City
• Corona is over
50%
• While your
neighbors might
be
shopping/eating
in your City, your
residents are also
shopping/eating
in their City

Myth #7: Most people live and work in the same city
• 10-15% of
people in the
WRCOG region
live and work in
the same City
• The highest
number of
people living
and working in
the same City if
25%
• Corona is 16%
• This number is
consistent
through
WRCOG and
neighboring
Counties

Average % of People who Live and Work in the Same City by Region 2002 2022
Corona 18% 15%
WRCOG 13% 10%
San Bernardino County 19% 13%
Orange County 10% 9%
San Diego County 17% 15%

% of People who Live and Work in the Same County
2002 2022
Riverside County 53% 46%
San Bernardino County 51% 47%
Orange County 68% 64%
San Diego County 85% 79%

% of People who Live and Work by Population

% of People who Live and Work by Region

Myth #8: Our region has too many people working in retail and service jobs and not enough people working in higher paying jobs
Professional
Services
Construction
& Agriculture
Education,
Health Care, &
Public Administr
ation
Retail
Trade, Hospitalit
y, &
Food Services
Logistics &
Utilities
Total
WRCOG Weig
hted Average

2.77 3.04 1.78 1.50 2.30 1.58
Corona 0.93 0.36 1.85 1.01 1.00 1.04
• The WRCOG region has a job deficit meaning that we have more employed residents as compared to jobs in each of our cities
• There are 3 employed residents for every 2 jobs
• Even with the deficit, Riverside County imports worker to fill some of these jobs

City of Corona Jobs vs. Employed Residents
0 5,000 10,000 15,000 20,000 25,000 30,000
Professional Services
Construction and Agriculture
Education, Health Care, and Public Administration
Retail Trade, Hospitality, and Food Services
Logisitics and Utilities
Aggregated Industries - Jobs Held by Residents of Corona vs. Jobs in Corona
Jobs in Corona Resident Jobs

Myth #9: Bringing more jobs to my City will reduce congestion • Agencies have very
little control over
where residents
work
• Providing jobs does
not mean those jobs
will be filled by your
residents
• At best, 1 out of 4
new jobs will be
filled by your
residents

City of Irvine Example
• Irvine has 314,000
residents
• 125,000 residents
are employed
• 297,000 people
work in Irvine
• Yet Irvine imports
263,000 workers
daily and exports
91,000 residents
who work
elsewhere
• 27% of Irvine
residents work in
Irvine
• 11% of Irvine jobs
are held by Irvine
residents

Myth #10: We should survey our residents to find out where they work and bring those businesses to the City
Cal State San Marcos Residential Community- Chula
Vista
WRCOG extracted data from Compass IOT for a sample of trips traveling to/leaving the City of Corona for a 2-month period
We were able to track many of these drivers close to their final destination

Key Takeaways
• Much less travel outside the region than expected
• Much of our travel is not work related but for other purposes • Congestion results from a combination of all types of trips using our roadways concurrently, not work trips
• Majority of residents work outside of the cities they live in • Cities have very little control over where their residents work or where employees in the City live

What Can a City Do About It?
• Attracting companies from other regions is expensive and would produce limited benefit
• Subsidizing housing for workers is also expensive and would produce limited benefit Office Building Affordable Housing
Unit Cost (SF or DU) $250/SF $600,000/DU
Size (Total SF or Total DU’s) 50,000 SF 20 DU
Total Cost $12,500,000 $12,000,000
City Subsidy $5,000,000 $5,000,000
Total Number of Workers/Residents 200 workers 40 residents Workers/Residents Helped 50 workers (25%) 10 residents (25%) Cost Per Resident/Worker $100,000 $500,000

What Can Work
• Grow local businesses
• Encourage local entrepreneurs
• Help existing businesses expand
• Retain existing businesses as much
as possible
• Invest in parks, public safety, and other
amenities to make your community as
attractive as possible to new and future
businesses (economic gardening)

Thank you.

Contact:

Chris Gray
Deputy Executive Director
Western Riverside Council of Governments
[email protected]
www.wrcog.us

Green River Road/
Foothill Parkway
Study
Rosalva N. Ureño
Transportation Manager
City Traffic Engineer

The Ask
Provide the City Council an update on the
Green River Road/Foothill Parkway
Traffic Study

03 Green River Road /Foothill Parkway Studies
04 Summary of Results
02 Eastern Corridor Operations Project
01 SR91/241 Express Connector Project
Agenda
Image Source: Google Maps

241/91 Express
Connector Project
Transportation Corridor Agencies (TCA)
Image Source: TCA

241/91 Express
Connector Project
• Median-to-median, direct, tolled
connector
• New tolled facility
Milestone Schedule
Begin Construction – Early 2026
Open to traffic – Late 2028/Early 2029
Image Source: TCA

Eastern Corridor
Operations Project
Riverside County Transportation Commission (RCTC)
Image Source: RCTC

Eastern Corridor Operations Project (ECOP)
• Proposing to add a general-purpose
lane to eastbound SR-91 from the 241
Toll Road connector to SR-71
• Intended to help improve traffic
operations on eastbound 91, especially
during afternoon and evening hours
• Ramp improvements at Green River Rd
eastbound off ramp
Milestone Schedule
2025: Environmental Revalidation
2026 – 2027: Final Design (PS&E)
2028 – 2030: Construction
Image Source: RCTC

Image Source: Advance Your Placement
Green River Road /
Foothill Parkway Study
Initial Study Performed in 2024

Why a study?
What are the city’s
concerns?
More vehicular traffic traversing the
city roadways to access I-15
Increase in cut-through traffic
Longer queueing: SR-91 at Green River off ramp
and southern end of city approaching I-15
Traffic congestion
Increased wait times along Foothill Parkway
and Masters Drive, causing more delay
Travel time delay
To reduce the effects on the impacted
intersections.

Identify necessary mitigation measures

What did this
study evaluate
and identify?
The study evaluated
Determined Level of Service (LOS) and
delay for the following scenarios:
• Existing Condition
• 2030 No project
• 2030 With Project
• 2050 No Project
• 2050 With Project
The study identified
Impacts to key intersection and
recommendations to mitigate these
impacts

Study – Purpose and Scope
• Included all signalized intersections
on Green River Road/ Foothill Pkwy
corridor from SR-91 to I-15 ramps
• Modeling software was utilized to
determine LOS and delay
• Analysis focused on Eastbound PM
traffic
• Traffic distribution model and
assumptions using big data
(StreetLight Data) Aerial Image Source: Nearmap

Green River Road Off-Ramp Improvements (ECOP)
• Green River Eastbound Off-Ramp
will be modified from a single lane
off ramp to dual lane leading to a
single left and triple right turn
configuration
• Study evaluated “Right Turn on
Red” and “No Right Turn on Red”
scenarios
• Both scenarios operate at
acceptable 95% queueing
lengths
Image Source: RCTC

Level of Service
• Traffic Signal Level of Service (LOS) is
a standardized way to evaluate how
well a signalized intersection
operates.
• At signalized intersections LOS
primary performance measure is
vehicle delay and volume to capacity
ratio
• We use these performance metrics to
identify areas needing improvement,
and plan for future infrastructure
projects
• Standard aimed for is LOS D or better
Level of
Service Description
Signalized
Delay
(Seconds)
Unsignalized
Delay
(Seconds)
A Free flow; minimal delay < 10.0 < 10.0
B Slight delays; good progression. > 10.0 to

20.0 >10.0 to 15.0
C Moderate delays; fair progression > 20.0 to

35.0 >15.0 to 25.0
D Noticeable delays; approaching
unstable flow
> 35.0 to

55.0 >25.0 to 35.0
E high delay; poor progression,
operating near capacity
> 55.0 to

80.0 >35.0 to 50.0
F Breakdown flow; excessive delays;
poor progression > 80.0 >50.0

Study Results -
Existing Intersection LOS
and Delay Results
• Most intersections operate at an acceptable
Level of Service (LOS) D or better
• Existing condition - Eastbound approach at
Rimpau and California operate at LOS D
Image Source: RCTC
Intersection Traffic
Control
Existing Conditions
PM Peak Hour
Delay LOS

1. GRR at SR 91 WB Ramps Signal 14.5 B

2. GRR at SR 91 EB Ramps Signal 15.6 B

3. GRR at Dominguez Ranch Rd Signal 11.1 B

4. GRR at Palisades Dr Signal 4.4 A

5. GRR at Ridgeline Dr (E) Signal 11.0 B

6. GRR at Serfas Club Dr Signal 22.7 C

7. GRR at Paseo Grande Signal 7.2 A

8. Foothill at Lincoln Ave Signal 25.2 C

9. Foothill at Main St Signal 27.3 C

10. Foothill at Fullerton Ave Signal 31.6 C

11. Foothill at Rimpau Ave Signal 33.7 C

12. Foothill at California Ave Signal 38.5 D

13. Foothill at Via Gunnoe Ct* Signal 17.6 B

14. Foothill at Bedford Cyn Rd Signal 53.3 D

15. El Cerrito at I 15 SB Ramps Signal 12.2 B

16. El Cerrito at I 15 NB Ramps Signal 18.0 B
*Queuing issues not fully captured by LOS/delay

91 Eastbound Off-Ramp Volume Distribution
• “StreetLight Data” captured
origin-to-destination data from
cell phone and connected
vehicle data
• Noticeable trips on
Lincoln/Upper corridor
towards I-15
• Assumption of distribution
from data model
Aerial Image Source: Nearmap

2024 Study Results
• Methodology combines peak hour of traffic volume with peak hour cut-through traffic along Green River Rd and Foothill Parkway for worst-case scenario • SR-91 River Rd Off-Ramp to be revised to include triple right turn lanes • Restricting a Right Turn on Red movement (NRTOR) is best option • Intersection delay and LOS are noticeably impacted at the following intersection:
• California Ave at Foothill Pkwy with LOS E (2050 Build) • Returns to LOS D with signal timing improvements
• Bedford Canyon Rd at Foothill Pkwy with LOS E (2050 Build and No Build) • Returns to LOS D with signal timing improvements
• Queues at closely spaced intersections can be mitigated with signal timing improvement and signal coordination Page 55 of 2077 16
Image Source: Advance Your Placement
Updated
Green River Road /
Foothill Parkway Study
Revised Study Performed in 2025 Page 56 of 2077 17
Why an updated
study?
Staff had concerns with data used to
establish volume and direction of travel from
GRR ramp to I-15
Big data used for modeling
Modeling suggested increase to traffic
on the Lincoln/Upper/Masters corridor
Traffic diversion
New study used 2% growth factor on traffic for
future build out scenario
Traffic growth factor
Additional traffic counts were collected for
Friday traffic, including license plate reader
data (5 locations)
Friday traffic

What
additional
information
will this study
evaluate and
identify?
The study evaluated
• Same 5 scenarios as initial study
plus:
o +2% annual growth of cutthrough traffic
o +330 vph at Green River Road
offramp
• New scenarios for Friday PM traffic
• Lincoln/Upper/Masters corridor
• Confirm cut-through assumption
The study identified
Impacts to all intersections and
provide recommendations to
mitigate these impacts

2025 Study Area
• All signalized intersections from SR-91
at Green River Road Eastbound Off
Ramp to Foothill Parkway/ I-15 ramps
• Additional evaluation of
Lincoln/Upper/Masters
• Modeling software will be utilized to
determine LOS, delay and v/c
• Analysis of Eastbound PM peak
(including Fridays)
• Data and assumptions in prior study will
be validated using License Plate
Readers (LPR) Aerial Image Source: Nearmap

• Traffic data used includes
historical counts (provided by
CoC), PM counts for Eastbound
Foothill Parkway travel
• Turning movement counts
• License plate readers and 24-hr
(tube counts)
Data Collection
Aerial Image Source: Nearmap

2025 Study Results - Project Volume Distribution
• LPR data collected compared to “StreetLight
Data”
• Percentages were similar along Foothill Pkwy
• LPR data was much lower along Upper/Masters
• 16% of trips making right-turn show up east of
California Ave
• 15% show up north of Eagle Glen Pkwy
• Approximately 400 vph total during PM peak
hour
• Data comparison confirms that the StreetLight
data is suitable for modeling trip distribution
and origin/destination trips
22

2025 Study Results –
Project Volume Distribution
at Study Intersections
• Volume impact due to ECOP assumed at 330
vehicles per hour (highest 1-hr impact per
modeling software VISSIM)
• Streetlight Data suggests impact should
dissipate throughout the city
• GRR at EB Off Ramp
• 1660 vph is baseline, 330 vph is approx. 20%
added traffic volume
• Foothill at California
• 980 vph is baseline, 50 vph is approx. 5%
added traffic volume
Intersection
Approach Project
Volume Data Total

EBL EBT EBR

1. GRR at SR 91 WB Ramps* - - - +36

2. GRR at SR 91 EB Ramps** 36 0 294 +330

3. GRR at Dominguez Ranch Rd 0 279 12 +291

4. GRR at Palisades Dr 17 259 0 +276

5. GRR at Ridgeline Dr (E) 21 238 0 +259

6. GRR at Serfas Club Dr 0 208 0 +208

7. GRR at Paseo Grande 6 179 0 +185

8. Foothill at Lincoln Ave 5 90 69 +164

9. Foothill at Main St 10 64 0 +74

10. Foothill at Fullerton Ave 0 53 4 +57

11. Foothill at Rimpau Ave 1 45 9 +55

12. Foothill at California Ave 5 45 0 +50

13. Foothill at Via Gunnoe Ct 0 47 0 +47

14. Foothill at Bedford Cyn Rd 0 46 1 +47

15. El Cerrito at I 15 SB Ramps 0 6 41 +47

16. El Cerrito at I 15 NB Ramps 0 6 0 +6

17. Upper at Masters 0 0 44 +44

18. Masters at Eagle Glen Pkwy 42 0 2 +44
*Approach volumes increase in WB direction
**NB movement volumes shown at this intersection 23

Intersection
Approach Project
Volume Data Total

EBL EBT EBR

1. GRR at SR 91 WB Ramps* - - - +46

2. GRR at SR 91 EB Ramps** 46 0 284 +330

3. GRR at Dominguez Ranch Rd 0 272 12 +284

4. GRR at Palisades Dr 11 256 0 +267

5. GRR at Ridgeline Dr (E) 22 234 0 +256

6. GRR at Serfas Club Dr 0 203 0 +203

7. GRR at Paseo Grande 4 172 0 +176

8. Foothill at Lincoln Ave 8 86 67 +161

9. Foothill at Main St 15 63 4 +82

10. Foothill at Fullerton Ave 0 53 9 +62

11. Foothill at Rimpau Ave 0 47 7 +54

12. Foothill at California Ave 0 48 0 +48

13. Foothill at Via Gunnoe Ct 0 45 0 +45

14. Foothill at Bedford Cyn Rd 0 45 0 +45

15. El Cerrito at I 15 SB Ramps 0 10 35 +45

16. El Cerrito at I 15 NB Ramps 0 0 0 +10

17. Upper at Masters 0 0 34 +34

18. Masters at Eagle Glen Pkwy 34 0 0 +34
*Approach volumes increase in WB direction
**NB movement volumes shown at this intersection
2025 Study Results –
Project Volume Distribution
at Study Intersections Friday
• Friday volume assumes same ramp
volume as weekdays (+330 vph)
• GRR at EB Off Ramp
• Approach volume is 1370 vph, 330 vph
is approx. 24% added traffic volume
• Foothill at California
• Approach volume is 1170 vph, 48 vph is
approx. 4% added traffic volume
24

2025 Study Results -
Existing Intersection LOS
and Delay Results
• Highest delay modeled at California Ave
and Bedford Canyon Dr
• Friday results show LOS E and F at
California and Bedford Canyon Rd
• Masters/California shown as All Way Stop
Intersection Traffic
Control
Weekdays
(Existing)
Fridays
(Existing)
PM Peak Hour PM Peak Hour
Delay LOS Delay LOS

1. GRR at SR 91 WB Ramps Signal 14.6 B 15.5 B

2. GRR at SR 91 EB Ramps Signal 16.0 B 13.3 B

3. GRR at Dominguez Ranch Rd Signal 11.2 B 11.5 B

4. GRR at Palisades Dr Signal 4.4 A 4.3 A

5. GRR at Ridgeline Dr (E) Signal 11.2 B 15.0 B

6. GRR at Serfas Club Dr Signal 22.7 C 23.7 C

7. GRR at Paseo Grande Signal 7.2 A 10.8 B

8. Foothill at Lincoln Ave Signal 25.2 C 28.5 C

9. Foothill at Main St Signal 27.1 C 29.9 C

10. Foothill at Fullerton Ave Signal 32.6 C 42.8 D

11. Foothill at Rimpau Ave Signal 38.9 D 50.6 D

12. Foothill at California Ave Signal 56.3 E 80.4 F

13. Foothill at Via Gunnoe Ct Signal 15.8 B 22.4 C

14. Foothill at Bedford Cyn Rd Signal 40.1 D 65.7 E

15. El Cerrito at I 15 SB Ramps Signal 13.3 B 20.2 C

16. El Cerrito at I 15 NB Ramps Signal 18.8 B 17.9 B

17. Upper at Masters AW Stop 21.4 C 28.3 D

18. Masters at Eagle Glen Pkwy Signal 13.9 B 16.3 B 25

2025 Study Results –
2030 Intersection
LOS with Mitigation
Weekday
• Build conditions increases delay to
several intersections
• California Ave is improved to LOS D
with timing improvements
• Signal optimization mitigate most
delays
• Upper/Masters improves to LOS C
in 2030 due to signalization
Intersection Traffic
Control
2030 No Build 2030 Build
Project
Volume
Delta
2030 Build w/
Signal Opt. Delay
Delta
(Opt-NB)
PM Peak Hour PM Peak Hour PM Peak Hour
Delay LOS Delay LOS Delay LOS

1. GRR at SR 91 WB Ramps Signal 14.9 B 14.9 B +36 13.0 B -1.9

2. GRR at SR 91 EB Ramps* Signal 20.9 C 16.0 B +330 16.0 B -4.9

3. GRR at Dominguez Ranch Rd Signal 11.7 B 13.2 B +291 12.3 B 0.6

4. GRR at Palisades Dr Signal 4.4 A 4.4 A +276 4.4 A 0.0

5. GRR at Ridgeline Dr (E) Signal 12.1 B 13.5 B +259 12.9 B 0.8

6. GRR at Serfas Club Dr Signal 24.1 C 27.7 C +208 27.7 C 3.6

7. GRR at Paseo Grande Signal 7.6 A 8.1 A +185 7.2 A -0.4

8. Foothill at Lincoln Ave Signal 29.0 C 37.0 D +164 25.8 C -3.2

9. Foothill at Main St Signal 28.1 C 28.7 C +74 28.7 C 0.6

10. Foothill at Fullerton Ave Signal 35.9 D 39.4 D +57 34.0 C -1.9

11. Foothill at Rimpau Ave Signal 46.6 D 53.9 D +55 35.8 D -10.8

12. Foothill at California Ave Signal 53.3 E 62.3 E +50 40.9 D -14.4

13. Foothill at Via Gunnoe Ct** Signal 16.1 B 16.0 B +47 15.3 B -0.8

14. Foothill at Bedford Cyn Rd Signal 43.2 D 49.4 D +47 44.6 D 1.4

15. El Cerrito at I 15 SB Ramps Signal 13.1 B 13.5 B +47 13.5 B 0.4

16. El Cerrito at I 15 NB Ramps Signal 19.3 B 19.7 B +6 19.7 B 0.4

17. Upper at Masters AW Stop 25.7 C 26.4 C +44 26.4 C 0.7

18. Masters at Eagle Glen Pkwy Signal 14.8 B 15.8 B +44 15.3 B 0.5 *Build condition assumes 3-RT lanes and No RTOR. **Queuing issues not fully captured by LOS/delay 26

2025 Study Results –
2030 Intersection
LOS with Mitigation
Friday
• Several intersections worsen to LOS E/F
but improve to LOS D with timing
improvements
• Bedford Canyon Rd maintains a LOS E in
all scenarios
• Signal optimization mitigate most
delays
• Upper/Masters improves to LOS C in
2030 due to signalization
Intersection Traffic
Control
2030 No Build 2030 Build
Project
Volume
Delta
2030 Build w/
Signal Opt. Delay
Delta
(Opt-NB)
PM Peak Hour PM Peak Hour PM Peak Hour
Delay LOS Delay LOS Delay LOS

1. GRR at SR 91 WB Ramps Signal 15.7 B 15.7 B +46 13.8 B -1.9

2. GRR at SR 91 EB Ramps* Signal 15.7 B 13.8 B +330 13.8 B -1.9

3. GRR at Dominguez Ranch Rd Signal 11.8 B 12.8 B +284 11.4 B -0.4

4. GRR at Palisades Dr Signal 4.2 A 4.2 A +267 3.8 A -0.4

5. GRR at Ridgeline Dr (E) Signal 15.6 B 16.6 B +256 14.9 B -0.7

6. GRR at Serfas Club Dr Signal 24.6 C 26.2 C +203 25.9 C 1.3

7. GRR at Paseo Grande Signal 11.9 B 13.0 B +176 11.0 B -0.9

8. Foothill at Lincoln Ave Signal 32.3 C 40.8 D +161 27.6 C -4.7

9. Foothill at Main St Signal 31.1 C 31.8 C +82 31.8 C 0.7

10. Foothill at Fullerton Ave Signal 49.9 D 57.5 E +62 41.2 D -8.7

11. Foothill at Rimpau Ave Signal 60.5 E 69.8 E +54 39.0 D -21.5

12. Foothill at California Ave Signal 75.7 E 84.6 F +48 54.3 D -21.4

13. Foothill at Via Gunnoe Ct** Signal 18.8 B 29.6 C +45 23.8 C 5.0

14. Foothill at Bedford Cyn Rd Signal 65.3 E 66.5 E +45 67.1 E 1.8

15. El Cerrito at I 15 SB Ramps Signal 20.4 C 23.8 C +45 23.8 C 3.4

16. El Cerrito at I 15 NB Ramps Signal 18.2 B 18.1 B +0 18.1 B -0.1

17. Upper at Masters AW Stop 30.4 C 31.2 C +34 31.2 C 0.8

18. Masters at Eagle Glen Pkwy Signal 17.3 B 18.4 B +34 18.4 B 1.1 *Build condition assumes 3-RT lanes and No RTOR. **Queuing issues not fully captured by LOS/delay 27

• Resulted with LOS E and F and
several intersections
• Serfas Club Dr impacted and
worsens to LOS E
• Modeling identified areas may need
signalization downstream of
Upper/Masters
• Signal optimization improves most
intersections
2025 Study Results -
2050 Intersection
LOS with Mitigation
Weekday
Intersection Traffic
Control
2050 No Build 2050 Build
Project
Volume
Delta
2050 Build w/
Signal Opt. Delay
Delta
(Opt-NB)
PM Peak Hour PM Peak Hour PM Peak Hour
Delay LOS Delay LOS Delay LOS

1. GRR at SR 91 WB Ramps Signal 15.7 B 15.7 B +36 13.6 B -2.1

2. GRR at SR 91 EB Ramps* Signal 65.5 E 35.3 D +330 35.3 D -30.2

3. GRR at Dominguez Ranch Rd Signal 14.2 B 16.8 B +291 12.8 B -1.4

4. GRR at Palisades Dr Signal 4.6 A 4.6 A +276 4.6 A 0.0

5. GRR at Ridgeline Dr (E) Signal 14.0 B 16.0 B +259 16.3 B 2.3

6. GRR at Serfas Club Dr Signal 35.6 D 62.1 E +208 37.0 D 1.4

7. GRR at Paseo Grande Signal 9.0 A 10.7 B +185 8.8 A -0.2

8. Foothill at Lincoln Ave Signal 49.1 D 62.7 E +164 59.3 E 10.2

9. Foothill at Main St Signal 30.7 C 31.3 C +74 31.3 C 0.6

10. Foothill at Fullerton Ave Signal 63.0 E 72.3 E +57 43.5 D -19.5

11. Foothill at Rimpau Ave Signal 85.3 F 96.8 F +55 44.5 D -40.8

12. Foothill at California Ave Signal 94.4 F 103.3 F +50 53.5 D -40.9

13. Foothill at Via Gunnoe Ct** Signal 36.7 D 44.6 D +47 18.8 B -17.9

14. Foothill at Bedford Cyn Rd Signal 66.2 E 67.2 E +47 63.4 E -2.8

15. El Cerrito at I 15 SB Ramps Signal 21.4 C 24.4 C +47 24.4 C 3.0

16. El Cerrito at I 15 NB Ramps Signal 22.2 C 22.2 C +6 22.2 C 0.0

17. Upper at Masters AW Stop 33.8 C 38.3 D +44 31.9 C -1.9

18. Masters at Eagle Glen Pkwy Signal 20.4 C 23.6 C +44 19.7 B -0.7 *Build condition assumes 3-RT lanes and No RTOR. **Queuing issues not fully captured by LOS/delay 28

• LOS F expected at several
intersections
• Lincoln Ave worsens to LOS E
• Signal optimization improves a
few LOS F to LOS E
2025 Study Results -
2050 Intersection
LOS with Mitigation
Friday
Intersection Traffic
Control
2050 No Build 2050 Build
Project
Volume
Delta
2050 Build w/
Signal Opt. Delay
Delta
(Opt-NB)
PM Peak Hour PM Peak Hour PM Peak Hour
Delay LOS Delay LOS Delay LOS

1. GRR at SR 91 WB Ramps Signal 16.6 B 16.6 B +46 14.5 B -2.1

2. GRR at SR 91 EB Ramps* Signal 23.0 C 18.5 B +330 18.5 B -4.5

3. GRR at Dominguez Ranch Rd Signal 13.2 B 14.9 B +284 12.9 B -0.3

4. GRR at Palisades Dr Signal 4.3 A 4.3 A +267 3.9 A -0.4

5. GRR at Ridgeline Dr (E) Signal 16.8 B 18.5 B +256 17.8 B 1.0

6. GRR at Serfas Club Dr Signal 31.0 C 47.2 D +203 35.9 D 4.9

7. GRR at Paseo Grande Signal 14.0 B 15.7 B +176 11.6 B -2.4

8. Foothill at Lincoln Ave Signal 49.7 D 62.5 E +161 55.4 E 5.7

9. Foothill at Main St Signal 34.0 C 34.8 C +82 34.8 C 0.8

10. Foothill at Fullerton Ave Signal 80.2 F 89.7 F +62 44.7 D -35.5

11. Foothill at Rimpau Ave Signal 98.7 F 110.6 F +54 49.7 D -49.0

12. Foothill at California Ave Signal 120.6 F 130.8 F +48 76.3 E -44.3

13. Foothill at Via Gunnoe Ct** Signal 21.3 C 27.0 C +45 16.0 B -5.3

14. Foothill at Bedford Cyn Rd Signal 72.3 E 71.6 E +45 66.3 E -6.0

15. El Cerrito at I 15 SB Ramps Signal 40.9 D 47.1 D +45 47.1 D 6.2

16. El Cerrito at I 15 NB Ramps Signal 20.6 C 20.6 C +10 20.6 C 0.0

17. Upper at Masters AW Stop 37.6 D 39.3 D +34 39.3 D 1.7

18. Masters at Eagle Glen Pkwy Signal 25.5 C 29.9 C +34 23.8 C -1.7 *Build condition assumes 3-RT lanes and No RTOR. **Queuing issues not fully captured by LOS/delay 29

2025 Study Results – Eastbound Travel Time & Average Speed • Travel time from Lincoln
to I-15 ramps reduced to
No Build conditions with
signal optimization
Image Source: RCTC 30
2025 Travel Time
Average (Friday):
9:45 (min:sec)

2025 Study Results
• Updated methodology includes Friday PM analysis and Upper/Masters corridor • Intersection delay and LOS E or F following intersection:
• Serfas Club Dr at Green River Rd with LOS E (2050 Build) • Returns to LOS D with signal timing improvements
• Lincoln Ave, Fullerton Ave, Rimpau Ave, and California Ave at Foothill Pkwy with LOS E or F (2050 Build and No Build)
• Signal timing may return to LOS D for Fullerton, Rimpau, and California • Lincoln Ave maintains at a LOS E even with signal timing modifications • Bedford Canyon Rd at Foothill Pkwy with LOS E (2050 Build and No Build) • Maintains LOS E with signal timing improvements
• Signal optimization should improve operations to No Build conditions, or close to them, at most intersections Page 70 of 2077 31
Summary
Initial (2024) vs.

Updated (2025)

Comparison of the Initial (2024) and Updated (2025) Study 2024 Green River Road/Foothill Study 2025 Green River Road/Foothill Study Traffic data used includes historical counts and data provided by CoC Additional traffic counts collected for Friday traffic Included license plate reader data
Establish volume of travel from GRR ramp to I-15 (end-to-end) Analysis for EB movement in the PM peak hour Included analysis for EB movement Friday PM Scenarios include:
• Existing conditions 2024
• 2030 No Build (0.5% annualized growth)
• 2030 Build (0.5% annualized growth, +300 VPH at GRR ramp) • 2050 No Build (0.5% annualized growth)
• 2050 Build (0.5% annualized growth, +300 VPH at GRR ramp) Scenarios include:
• Existing conditions 2025
• 2030 No Build +2% annual growth of cut-through traffic • 2030 Build +2% annual growth of cut-through traffic +330 VPH at GRR ramp
• 2050 No Build +2% annual growth of cut-through traffic • 2050 Build +2% annual growth of cut-through traffic +330 VPH at GRR ramp
Build condition include Green River off-ramp scenarios allowing and prohibiting RTOR
No change
Volumes distributed utilizing “Streetlight Data” and existing count data
Used license plate reader to compare distribution data
Synchro model of signalized intersections along GRR/Foothill Pkwy from SR-91 to I-15
Added Lincoln/Upper/Masters corridor
33

Summary of Results
2024 (Initial) Green River Road/Foothill Study 2025 (Revised) Green River Road/Foothill Study No ECOP Project:
• In 2050 scenario, Bedford Canyon Rd operates at LOS E No ECOP Project:
• High demands and right turns to Bedford Canyon and SB 15 • Upper/Masters intersections delays are due to downstream stop-controlled intersection
With ECOP Project and No Mitigation:
• In 2030 scenario, Bedford Canyon Rd operates at LOS E • In 2050, California Ave and Bedford Canyon Dr resulted with LOS E
With ECOP Project and No Mitigation:
• Intersections that will be impacted are (Weekday)
• Serfas Club Dr – (2050: LOS E)
• Lincoln Ave – (2050: LOS E)
• Fullerton Ave – (2050: LOS E)
• Rimpau Ave – (2030: LOS D & 2050: LOS F)
• California Ave – (2030: LOS E& 2050: LOS F)
• Bedford Canyon Dr– (2030: LOS D & 2050: LOS E)
• Incremental ECOP related volume impacts at California Ave and Bedford Canyon Rd, especially on Fridays
With ECOP Project AND Signal Optimization Mitigation:
• Mitigating with signal optimization reduces delay at all intersections (LOS D or better) (2050 Build)
• California Ave is improved to LOS D
• Bedford Canyon Rd operates at acceptable LOS D
(2030 and 2050)
With ECOP Project AND Signal Optimization Mitigation:
• Mitigating with signal optimization reduces delay at
intersections (similar to No-Build levels)
• California/Masters similar to No-Build 2030
• Note this signal will be signalized, resulting with LOS C 34

Conclusion
• Staff is satisfied with how the updated study validated the StreetLight Data with License Plate Readers, utilized more conservative information, and confirmed its suitability for modeling trip distribution and origin/destination trips. • There will be more cars on the streets as a result of this project, which will impact calls for service, infrastructure, enforcement, etc.
• Signal optimization is an acceptable mitigation, as proposed in the study • However, staff will advocate and recommend that RCTC mitigate impacts in the following ways:
• Funding for signal optimization and implementation
• Funding for additional street rehabilitation and maintenance • Funding for additional public safety enforcement efforts • Funding and implementation of infrastructure upgrades such as LPR’s, speed feedback signs, and traffic signalization installation
• Additional resources and funding to monitor signal operations

The Ask
Provide the City Council an update on the
Green River Road/Foothill Parkway
Traffic Study

Questions
?

DRAFT
1 City of Corona
City Council Minutes
Wednesday, July 2, 2025, 6:00 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 4:30 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 5:15 p.m.

1.1 CONFERENCE WITH LEGAL COUNSEL - EXISTINGLITIGATION
Pursuant to Government Code Section 54956.9(d)(1)
Name of Case: Kimberly Long v. City of Corona, et al.

Case Number: United States District Court – Central District of California Case No. 5:21-cv-02008; US Court of Appeals 9th Circuit Case No. 24-4427 Name of Case: Jessica Savage v. City of Corona, et al.

Case Number: United States District Court – Central District of California Case No. 5:24-cv-00097; US Court of Appeals 9th Circuit Case No. 24-7562

1.2 CONFERENCE WITH LEGAL COUNSEL-ANTICIPATED LITIGATION Pursuant to Government Code Section 54956.9(d)(2)
Significant Exposure to Litigation (CCW Permits)

2. INVOCATION
None.

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 6:00 p.m.

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS
None.

6. CONSENT CALENDAR
The Consent Calendar was approved with the exception of Item 6.4, which was voted on separately.

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

6.1 MINUTES - CITY COUNCIL MEETING JUNE 18, 2025
THE MEETING MINUTES WERE APPROVED.

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 June 18, 2025

6.2 QUITCLAIM OF EXCESS RIGHT-OF-WAY LOCATED ADJACENT TO 210

RADIO ROAD, CORONA, TO THE DEPARTMENT OF TRANSPORTATION THIS ITEM WAS APPROVED.

That the City Council:
a. Authorize the City Manager, or his designee, to execute a Quitclaim deed to convey excess right-of-way to the California Department of Transportation.
b. Authorize the City Manager, or his designee, permission to approve nonsubstantive changes to the Quitclaim deed.

6.3 ACCEPTANCE AND APPROPRIATION OF THE FISCAL YEAR 2024 U.S.

DEPARTMENT OF HOMELAND SECURITY GRANT PROGRAM AWARD
THIS ITEM WAS APPROVED.

That the City Council:
a. Authorize the submittal and acceptance of the Fiscal Year 2024 U.S.

Department of Homeland Security Grant Program award in the amount of $105,584.
b. Authorize an appropriation and estimated revenue increase in the amount of $105,584 to the Fire Department’s Operating budget within the General Fund 110.

6.4 CONSTRUCTION CONTRACT WITH ALL AMERICAN ASPHALT IN THE AMOUNT OF $19,626,012 FOR THE CITYWIDE PAVEMENT REHABILITATION REBID, CAPITAL IMPROVEMENT PROJECT NO. ST-2025-26; NOTICE INVITING BIDS 25-069AS
Council Member Speake provided comments.

Moved by: Wes Speake
Seconded by: Tom Richins

DRAFT
3 That the City Council:
a. Adopt Plans and Specifications for the Citywide Pavement Rehabilitation Rebid, Capital Improvement Project No. ST-2025-26, Notice Inviting Bids 25-069AS.
b. Award Notice Inviting Bids 25-069AS to All American Asphalt the lowest responsive, responsible bidder, for the total amount of $19,626,012, and waive all minor irregularities in the bidding document as submitted by the said bidder.
c. Approve the Construction Contract with All American Asphalt for the Citywide Pavement Rehabilitation Rebid, Capital Improvement Project No. ST- 2025-26 in the amount of $19,626,012.
d. Authorize the City Manager, or his designee, to execute the Construction Contract with All American Asphalt in the amount of $19,626,012, including any non-substantive extensions, change orders, purchase orders, and amendments up to 10%, which is equivalent to $1,962,601. e. Authorize the City Manager, or his designee, to issue a purchase order to All American Asphalt in the amount of $19,626,012.
f. Authorize a budgetary transfer in the amount of $4,384,930 from the Citywide Street Pavement Rehabilitation Capital Improvement Project No.

ST-2021-01 to the Citywide Street Pavement Rehabilitation (2025) Capital Improvement Project No. ST-2025-26, within Road Maintenance and Rehabilitation Account Fund 221.

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

6.5 RESOLUTION NO. 2025-088 OF THE CITY COUNCIL OF THE CITY OF

CORONA, CALIFORNIA, APPROVING THE APPLICATION FOR THE LAND

AND WATER CONSERVATION FUND FOR THE CITY PARK REVITALIZATION

PROJECT
THIS RESOLUTION WAS ADOPTED.

That the City Council:
a. Approve Resolution No. 2025-088 approving the application for the Land and Water Conservation Fund for the City Park Revitalization Project.

DRAFT
4 b. Delegate authority to the City Manager, or his designee, to execute all necessary documents, agreements, amendments, and payment requests required for the application process and subsequent grant administration, in accordance with all applicable federal, state, and local laws, ordinances, and regulations governing the Land and Water Conservation Fund program, including but not limited to the requirements set forth in the California Public Resources Code and the federal Land and Water Conservation Fund Act of 1965.
c. Certify that sufficient funds will be available to operate and maintain the project site in perpetuity, and that the City will comply with all program guidelines and contractual obligations if grant funds are awarded.

6.6 MAINTENANCE/GENERAL SERVICES AGREEMENTS WITH ACM LIGHTING

SERVICES FOR AS-NEEDED SPORTS FIELD LIGHTING REPLACEMENT

AND WITH ANDREWS ELECTRIC FOR AS-NEEDED LOW VOLTAGE

ELECTRICAL SERVICES
THIS ITEM WAS APPROVED.

That the City Council:
a. Award NIB 25-038MB to ACM Lighting Services for As-Needed Sports Field Lighting Replacement Services and NIB 25-053MB to Andrews Electric Company for As-Needed Citywide Low Voltage Maintenance Electrical Services and waive all minor irregularities in the proposal. b. Authorize the City Manager, or his designees, to execute the Maintenance and General Services Agreements with ACM Lighting Services and Andrews Electric Company in the amount not to exceed $250,000 each, per fiscal year, including any non-substantive extensions, change orders, purchase orders, and amendments up to the amount authorized in Corona Municipal Code Section 3.08.060(J), which is equivalent to 10% or $25,000 each.

6.7 EXTENSION OF VESTA 911 SYSTEM MAINTENANCE AGREEMENT THIS ITEM WAS APPROVED.

That the City Council:
a. Authorize the City Manager, or his designee, to approve the extension of the VESTA 911 System maintenance agreement.
b. Authorize the City Manager, or his designee, to issue a purchase order in the amount of $90,362.21, valid from January 29, 2026, through January 28, 2027.

DRAFT
5 c. Authorize the City Manager, or his designee, to negotiate and execute any non-substantive extensions, amendments, and change orders up to $9,036.22 or 10% of the original purchase order amount as provided by the Corona Municipal Code (CMC) Section 3.08.060(j).
d. Authorize an appropriation in the amount of $90,362.21 from General Fund 110 to the Emergency 911 Phone System Replacement Capital Improvement Project No. TC-2016-01 and an estimated revenue increase by the same amount for the anticipated revenue reimbursement from CalOES.

6.8 APPROVAL OF CHANGE ORDER INCREASE OF $50,000 TO THE PURCHASE ORDER B250194 WITH STAPLES ADVANTAGE FOR THE

PURCHASE OF OFFICE SUPPLIES AND RELATED MATERIALS
THIS ITEM WAS APPROVED.

That the City Council:
a. Approve a change order in the amount of $50,000 to the FY 2025 purchase order B250194 with Staples Advantage.
b. Authorize the City Manager, or his designee, to issue a change order to the FY 2025 purchase order B250194 with Staples Advantage in the amount of $50,000 for a total amount of $150,000.

7. COMMUNICATIONS FROM THE PUBLIC
None.

8. PUBLIC HEARINGS

8.1 PUBLIC HEARING FOR 2025-2029 HUD CONSOLIDATED PLAN AND 2025- 2026 ANNUAL ACTION PLAN; AND INCREASED FUND ALLOCATION TO PROGRAM YEAR 2021 HOME-AMERICAN RESCUE PLAN ACT

ALLOCATION PLAN
Karen Roper, Housing & Homeless Solutions Manager, and Clint Whited, CDBG Consultant, provided a presentation.

Mayor Steiner opened the Public Hearing. Sylvia Edwards, City Clerk, stated there was no correspondence received from the public.

The following individuals addressed the Council regarding the proposed item:

Sharon Vidanu, Kristi Perez, and Jessica Munoz.

Mayor Steiner closed the Public Hearing.

The Council provided comments and had inquiries. Ms. Roper provided clarification.

Moved by: Jacque Casillas
Seconded by: Wes Speake

DRAFT
6 That the City Council:
a. Conduct a public hearing to receive comments concerning the 2025-2029 HUD Consolidated Plan and 2025-2026 Action Plan of the HUD Consolidated Plan.
b. Approve the 2025-2029 HUD Consolidated Plan and 2025-2026 Action Plan of the HUD Consolidated Plan, including related Exhibits, and approve the HUD Correction for increased funding to Program Year 2021 of the HOME-ARP Allocation Plan, inclusive of the allocation of funds to the Community Development Block Grant (CDBG), HOME Investment Partnerships (HOME) projects, and Program Year 2021 HOME-ARP Allocation.
c. Authorize the City Manager, or his designee, to submit the required planning documents, sign any relevant HUD documents to accept the Program Year 2021 HOME-ARP increased allocation in the amount of $2,019 and submit any necessary amendments to HUD.
d. Authorize the City Manager, or his designee, to prepare and process all necessary budgetary transactions to receive and effectuate the funds included in the 2025-2029 HUD Consolidated Plan and 2025-2026 Action Plan of the HUD Consolidated Plan.
e. Authorize the City Manager, or his designee, to negotiate, execute, and amend contracts with subrecipients, developers, contractors, or professional service providers as necessary to implement the CDBG, HOME, and HOME-ARP program projects using funds under the approved projects identified in the 2025-2026 HUD Annual Action Plan and the Program year 2021 HOME-ARP Allocation Plan, and any ongoing projects identified in prior Action Plans.
f. Authorize the City Manager, or his designee, to execute, amend, and submit to HUD all plans and documents necessary to administer the 2025-2026 CDBG, HOME, and Program Year 2021 HOME-ARP
Allocation projects.
g. Authorize the appropriation of any CDBG program income receipts from loan payoffs received by the City to the Residential Rehabilitation Program, Operating and Maintenance Project No. 67133, a CDBG approved project, within the Community Development Block Grant Fund 431.

DRAFT
7 h. Authorize the appropriation of any HOME program income receipts from loan payoffs received by the City to the Residential Rehabilitation Program, Operating and Maintenance Project No. 67133, a HOME approved project, within the HOME Investment Partnership Fund 432.

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

9. ADMINISTRATIVE REPORTS

9.1 NORTH MALL REDEVELOPMENT OPTIONS REVIEW
Joel Belding, Economic Development Director, provided a presentation.

The Council provided comments and had inquiries. Mr. Belding, Justin Tucker, Assistant City Manager, and Dean Derleth, City Attorney/LRM Director, provided clarification.

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

The Council provided staff direction and is in favor of Options 2 and 3.

That the City Council:
a. Receive and file the Conceptual Master Plans; and
b. Select a preferred development intensity; and
c. Direct the City Manager to initiate development of the entitlement process for the selected development option, including further planning studies and environmental reviews as needed.

9.2 DESIGNATION OF AN ENTERTAINMENT ZONE FOR THE HUB.

Joel Belding, Economic Development Director, provided a presentation.

The Council provided comments and unanimously agreed to have staff return with a stand-alone ordinance specifically designating portions of The Hub. as an Entertainment Zone.

That the City Council provide direction to staff on the following:
a. Whether to designate portions of The Hub. as an Entertainment Zone pursuant to SB 969.
b. Whether staff should return with:
i. A stand-alone ordinance specifically designating portions of The Hub. as an Entertainment Zone, or

DRAFT
8 ii. A broader amendment to the City’s Municipal Code allowing for the establishment of Entertainment Zones citywide.

9.3 REQUEST BY COUNCIL MEMBER SPEAKE TO EXPLORE OPTIONS TO

REDUCE THE NUMBER OF FEATHER FLAGS ALLOWED ON A PROPERTY

AND LIMIT FEATHER FLAGS TO SPECIAL EVENTS
Joanne Coletta, Planning and Development Director, provided a presentation.

The Council provided comments and had inquiries. Ms. Coletta provided clarification.

Don Fuller, resident, addressed the Council to provide his support with the proposed item.

Joe Morgan, resident, addressed the Council to provide his support with the proposed item.

That the City Council provide direction to amend the Zoning Code placing restrictions on the use of feather flags in the City.

10. LEGISLATIVE MATTERS
None.

11. REPORTS FROM BOARDS AND COMMISSIONS

11.1 Library Board of Trustees
None.

11.2 Planning & Housing Commission
None.

11.3 Parks & Recreation Commission
None.

11.4 Regional Meetings
None.

12. CITY ATTORNEY'S REPORTS AND COMMENTS
None.

13. CITY MANAGER'S REPORTS AND COMMENTS
Jacob Ellis, City Manager, announced that Fireworks are illegal in the City of Corona and can have a fine up to $5,000.

14. CITY COUNCIL MEMBERS' REPORTS AND COMMENTS
Council Member Speake announced there will be drones monitoring for illegal fireworks.

He also thanked the Executive Leadership Roundtable for the updates to the Settlement House.

Mayor Steiner announced he was elected to the board of Riverside County Continuum of Care Board of Governance.

DRAFT
9 14.1 APPOINTMENT TO THE HISTORIC PRESERVATION BOARD
THIS ITEM WAS TAKEN OUT OF ORDER.

Council Member Richins appointed Casey Rubalcava to the Historic Preservation Board.

Moved by: Tom Richins
Seconded by: Wes Speake
That the City Council approve the appointment to the Historic Preservation Board.

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

15. FUTURE AGENDA ITEMS

15.1 (NEW) PICKLEBALL COURTS AT EL CERRITO PARK (T. RICHINS) TBD The consensus of the Council was to bring back to a future meeting.

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

SPEAKE) AUGUST 20, 2025

15.3 HISTORIC CIVIC CENTER OPERATIONS PLAN UPDATE (STAFF) AUGUST 20, 2025

15.4 EXPLORE CORDON PRICING OF THE FOOTHILL CORRIDOR TO DETER CUT THROUGH TRAFFIC (W. SPEAKE) AUGUST 20, 2025

15.5 METHODOLOGY FOR GREEN RIVER ROAD/FOOTHILL PARKWAY TRAFFIC

STUDY (STAFF) SEPTEMBER

15.6 EXPLORE CMC ORDINANCE CHANGES TO SET TIME LIMITS FOR SPECIFIC FOR TEMPORARY FENCING AND BOARDED UP WINDOWS (W.

SPEAKE) SEPTEMBER/OCTOBER

15.7 SAVE THE CORONA CLOCK (T. RICHINS & W. SPEAKE)

OCTOBER/NOVEMBER

15.8 CITY PARK FINAL DESIGN UPDATE (STAFF) NOVEMBER/DECEMBER

16. ADJOURNMENT
The next scheduled meeting of the Council is on August 6, 2025. Mayor Steiner adjourned the meeting at 8:20 p.m.

DATE: 08/06/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-294

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 MAY 2025
RECOMMENDED ACTION:

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

____________________________________________________________________________________________________________________ Prepared By: Chandler Asset Management
City of Corona
Investment Portfolio Report
Month Ending May 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 May 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
____________________________________
Julie Kennicutt
Deputy Finance Director
REVIEWED BY:
_____________________________________
Christine Thompson
Accounting Manager
Investment Summary
City's Investment Pension Trust Total Investment
Beginning balance April 30, 2025 $ 427,485,679 $ 43,597,582 $ 471,083,262 Acquisitions / Additions:

Agency Notes 4,958,398 4,958,398
US Corporate Notes 10,631,201 10,631,201
LAIF 36,700,000 36,700,000
Money Market Fund 10,633,565 33,231 10,666,796
$ 62,923,165 $ 62,956,396 33,231
Dispositions / Withdrawals:

Agency Notes - -
US Corporate Notes 11,168,786 11,168,786
LAIF 18,400,000 18,400,000
Money Market Fund 11,576,229 11,576,229
Maturity/Call Redemption 2,761,000 2,761,000
$ 43,906,015 $ 43,906,015
Gain/(Loss) on Dispositions $ 398,125 $ 91,553 $ 489,677 Ending balance May 31, 2025 $ 446,900,953 $ 43,722,366 $ 490,623,319 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

MONTHLY ACCOUNT STATEMENT
City of Corona Cons Account | Account #10003 | As of May 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: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 2

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Average Modified Duration 2.33
Average Coupon 3.61%
Average Purchase YTM 3.85%
Average Market YTM 4.19%
Average Credit Quality* AA+
Average Final Maturity 2.76
Average Life 2.40
End Values as of
04/30/2025
End Values as of
05/31/2025
Market Value 431,782,119.22 449,413,613.71
Accrued Interest 2,807,846.06 2,822,499.11
Total Market Value 434,589,965.27 452,236,112.82
Income Earned 1,570,004.18 731,802.48
Cont/WD (30,600,000.00) 18,300,000.00
Par 432,082,341.32 451,531,373.20
Book Value 427,485,679.41 446,900,953.41
Cost Value 427,485,679.41 446,900,953.41
Government of The United States 33.26%
FHLMC 10.22%
LAIF 8.46%
International Bank for Recon and Dev 3.38%
FNMA 3.10%
Federal Home Loan Mortgage Corp 2.78%
Toyota Motor Corporation 1.54%
American Express Credit Master Trust 1.45%
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 3

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 10.2 Compliant
Max Maturity (Years) 5.0 3.9 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 9.9 Compliant
Max % Issuer (MV) 5.0 0.8 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 24.6 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 7.3 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 3 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 38.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.4 Compliant
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 4

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 20.0 0.4 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

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

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 25.0 1.0 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years)54 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

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

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

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

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

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 4.8 Compliant
Max % Issuer (MV) 10.0 3.4 Compliant
Max Maturity (Years)54 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 5

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
U.S. TREASURIES
Max % (MV) 100.0 33.3 Compliant
Max Maturity (Years) 5 4 Compliant
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 6

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Book Value 427,485,679.41 459,819,324.73
Maturities/Calls (2,761,000.00) (14,981,000.00)
Principal Paydowns (3,182,685.33) (5,108,616.60)
Purchases 62,923,164.66 248,981,872.41
Sales (37,962,329.90) (241,948,696.10)
Change in Cash, Payables, Receivables 550,381.65 348,197.78 Amortization/Accretion 0.00 0.00
Realized Gain (Loss) (152,257.08) (210,128.81)
Ending Book Value 446,900,953.41 446,900,953.41
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Market Value 431,782,119.22 456,281,046.71
Maturities/Calls (2,761,000.00) (14,981,000.00)
Principal Paydowns (3,182,685.33) (5,108,616.60)
Purchases 62,923,164.66 248,981,872.41
Sales (37,962,329.90) (241,948,696.10)
Change in Cash, Payables, Receivables 550,381.65 348,197.78 Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) (1,783,779.51) 6,050,938.31 Realized Gain (Loss) (152,257.08) (210,128.81)
Ending Market Value 449,413,613.71 449,413,613.71
Maturities / Calls
Month to Date (2,761,000.00)
Fiscal Year to Date (14,981,000.00)
Principal Paydowns
Month to Date (3,182,685.33)
Fiscal Year to Date (5,108,616.60)
Purchases
Month to Date 62,923,164.66
Fiscal Year to Date 248,981,872.41
Sales
Month to Date (37,962,329.90)
Fiscal Year to Date (241,948,696.10)
Interest Received
Month to Date 714,329.57
Fiscal Year to Date 5,854,504.45
Purchased / Sold Interest
Month to Date 2,819.86
Fiscal Year to Date 120,835.79
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 7

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 164,859.78 02/15/20221.88%
164,834.98
164,834.98

99.68 4.92%
164,336.42
137.75

0.04%
(498.57)
Aaa/AAA
NA

0.96 0.10
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 130,675.31 05/10/20223.21%
130,668.51
130,668.51

99.76 4.77%
130,358.42

69.91 0.03%
(310.09)
Aaa/AAA
NA

1.24 0.16
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 128,017.01 03/10/2022

2.33%
127,988.69
127,988.69

99.61 4.78%
127,517.22
132.00

0.03%
(471.47)
Aaa/NA
AAA

1.29 0.16
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 26,814.05 10/13/2021

0.68%
26,813.37
26,813.37

99.82 4.92%
26,766.06

7.60 0.01%
(47.31)
Aaa/AAA
NA

1.30 0.04
448977AD0 HART 2022-A A3 2.22
10/15/2026 142,072.00 03/09/20222.22%
142,066.53
142,066.53

99.73 4.71%
141,690.67
140.18

0.03%
(375.87)
NA/AAA
AAA

1.38 0.11
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 44,453.46 01/11/20221.26%
44,449.60
44,449.60

99.73 4.95%
44,334.52

23.34 0.01%
(115.08)
NA/AAA
AAA

1.46 0.07
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
100.35

4.47%
1,806,331.86
1,494.00

0.40%
7,949.05
Aaa/AAA
NA

1.82 0.62
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
100.81

4.35%
1,628,091.51
3,883.18

0.36%
13,136.41
NA/AAA
AAA

1.96 0.72
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
100.83

4.44%
1,507,454.99
2,462.18

0.34%
12,541.85
NA/AAA
AAA

2.14 0.82
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 1,409,212.66 02/22/2023

5.01%
1,408,955.90
1,408,955.90
100.23

4.64%
1,412,477.39
3,137.85

0.31%
3,521.48
Aaa/NA
AAA

2.46 0.55
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
101.06

4.51%
1,096,550.91
2,565.42

0.24%
11,677.85
Aaa/NA
AAA

2.64 1.22
44935WAD9 HALST 2025-A A3 4.83
01/18/2028 2,090,000.00 01/14/20254.83%
2,089,843.46
2,089,843.46
100.53

4.55%
2,100,974.17
4,486.53

0.47%
11,130.71
NA/AAA
AAA

2.64 1.57
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
100.84

4.45%
3,463,965.98
7,953.93

0.77%
29,115.40
Aaa/AAA
NA

3.21 1.03
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 3,645,000.00 09/07/2023

5.23%
3,643,989.61
3,643,989.61
100.98

4.41%
3,680,841.29
8,359.20

0.82%
36,851.68
NA/AAA
AAA

3.29 1.22
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

4.35%
2,018,687.80
4,426.67

0.45%
12,203.42
Aaa/NA
AAA

1.46 1.37
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
101.05

4.48%
1,429,877.59
2,692.82

0.32%
15,049.51
NA/AAA
AAA

3.47 1.23
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 1,985,000.00 03/25/20244.90%
1,980,890.43
1,980,890.43
100.47

4.39%
1,994,335.46
4,011.35

0.44%
13,445.03
Aaa/NA
AAA

3.55 0.93
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 8

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

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

4.46%
2,014,948.40
4,435.56

0.45%
14,167.15
NA/AAA
AAA

3.71 1.28
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 1,855,000.00 06/04/20245.18%
1,854,718.23
1,854,718.23
100.85

4.52%
1,870,773.07
1,601.48

0.42%
16,054.84
Aaa/AAA
NA

3.74 1.19
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 2,100,000.00 06/11/2024

5.20%
2,099,589.45
2,099,589.45
101.41

4.10%
2,129,691.69
4,853.33

0.47%
30,102.24
Aaa/NA
AAA

3.79 1.22
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
101.72

4.31%
3,122,715.28
7,136.04

0.69%
53,344.63
NA/AAA
AAA

3.88 1.74
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 2,095,000.00 06/06/2024

4.93%
2,094,882.47
2,094,882.47
101.27

4.29%
2,121,549.52
4,590.38

0.47%
26,667.05
Aaa/AAA
NA

3.96 1.82
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 2,080,000.00 03/04/2025

4.23%
2,079,869.17
2,079,869.17

99.87 4.33%
2,077,255.44
3,910.40

0.46%
(2,613.73)
Aaa/NA
AAA

4.30 1.96
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029 2,330,000.00 10/17/20244.29%
2,329,653.76
2,329,653.76
100.06

4.30%
2,331,446.23
4,442.53

0.52%
1,792.47
Aaa/AAA
NA

4.38 2.21
44935CAD3 HART 2025-A A3 4.32
10/15/2029 2,625,000.00 03/04/20254.32%
2,624,612.81
2,624,612.81

99.99 4.36%
2,624,799.98
5,040.00

0.58%
187.17
NA/AAA
AAA

4.38 2.05
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 3,380,000.00 05/06/20254.28%
3,379,938.82
3,379,938.82
100.00

4.32%
3,380,076.39
7,233.20

0.75%
137.57
NA/AAA
AAA

4.87 2.64
Total ABS 44,146,104.27 4.88%
44,143,204.85
44,143,204.85
100.69

4.40%
44,447,848.22
89,226.84

9.89%
304,643.38

3.39 1.43
AGENCY
3135G04Z3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025 1,500,000.00 01/11/2021

0.47%
1,501,860.00
1,501,860.00

99.84 4.44%
1,497,534.62
3,416.67

0.33%
(4,325.39)
Aa1/AA+
AA+

0.05 0.04
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

99.48 4.25%
6,266,954.23
8,531.25

1.39%
(10,945.37)
Aa1/AA+
AA+

0.14 0.14
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 6,285,000.00 --0.46%
6,260,439.20
6,260,439.20

99.08 4.40%
6,227,164.99
6,285.00

1.39%
(33,274.21)
Aa1/AA+
AA+

0.24 0.23
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

98.79 4.34%
6,218,915.04
4,458.96

1.38%
(57,431.01)
Aa1/AA+
AA+

0.31 0.30
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 6,300,000.00 --0.57%
6,279,895.00
6,279,895.00

98.36 4.39%
6,196,530.25
2,100.00

1.38%
(83,364.75)
Aa1/AA+
AA+

0.44 0.42
880591EZ1 TENNESSEE VALLEY AUTHORITY

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

99.95 3.89%
3,498,232.99
28,631.94

0.78%
(50,522.01)
Aa1/AA+
AA+

2.79 2.60
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 9

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130AWN63 FEDERAL HOME LOAN BANKS 4.0
06/30/2028 3,000,000.00 08/21/20234.53%
2,931,360.00
2,931,360.00
100.29

3.90%
3,008,575.23
50,333.33

0.67%
77,215.23
Aa1/AA+
AA+

3.08 2.82
Total Agency 33,180,000.00 1.17%
33,076,554.85
33,076,554.85

99.20 4.26%
32,913,907.35
103,757.15

7.32%
(162,647.50)

0.79 0.74

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

97.91 4.35%
1,468,632.45
3,316.25

0.33%
(117,793.33)
Aa1/AA+
AAA

1.24 1.15
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 3,000,000.00 02/18/2022

1.98%
3,128,437.50
3,128,437.50

98.36 4.37%
2,950,805.10
7,800.00

0.66%
(177,632.40)
Aa1/AAA
AAA

1.32 1.17
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 6,000,000.00 --

4.55%
5,707,999.69
5,707,999.69

97.83 4.20%
5,869,975.80
16,750.00

1.31%
161,976.11
Aa1/AA+
AAA

2.65 2.38
3137F4D41 FHMS K-074 A2 3.6 01/25/2028 3,000,000.00 03/16/2023

4.93%
2,911,054.69
2,911,054.69

98.40 4.20%
2,952,054.30
9,000.00

0.66%
40,999.61
Aa1/AA+
AAA

2.65 2.41
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 5,320,000.00 --

4.60%
5,229,125.01
5,229,125.01

98.94 4.18%
5,263,630.34
17,068.33

1.17%
34,505.33
Aa1/AA+
AAA

2.99 2.69
3137FGR31 FHMS K-078 A2 3.854
06/25/2028 1,997,000.00 06/22/20234.42%
1,951,677.46
1,951,677.46

98.95 4.18%
1,975,941.83
6,413.70

0.44%
24,264.37
Aa1/AA+
AAA

3.07 2.72
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 3,148,000.00 09/05/2023

4.88%
3,015,685.63
3,015,685.63

99.08 4.16%
3,118,984.88
10,231.00

0.69%
103,299.25
Aa1/AA+
AAA

3.24 2.95
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 2,500,000.00 11/28/2023

4.75%
2,411,328.13
2,411,328.13

99.00 4.20%
2,475,120.00
8,166.67

0.55%
63,791.87
Aa1/AA+
AAA

3.32 2.99
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

93.35 4.20%
4,667,745.50
8,462.50

1.04%
187,276.75
Aa1/AA+
AAA

3.32 3.10
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 8,000,000.00 --

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

93.48 4.23%
7,478,288.80
15,066.67

1.66%
310,124.73
Aa1/AA+
AAA

3.65 3.35
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 4,950,000.00 05/30/2024

4.87%
4,637,144.53
4,637,144.53

97.15 4.23%
4,808,926.49
14,115.75

1.07%
171,781.96
Aa1/AAA
AA+

3.74 3.38
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

96.59 4.24%
2,897,765.40
8,245.00

0.64%
122,296.65
Aa1/AA+
AAA

3.90 3.52
Total Agency CMBS 47,415,000.00 4.42%
45,002,979.99
45,002,979.99

96.91 4.22%
45,927,870.90
124,635.87

10.22%
924,890.91

3.08 2.80
CASH
CCYUSD Receivable 496,403.21 --

0.00%
496,403.21
496,403.21

1.00 0.00%
496,403.21

0.00 0.11%

0.00 Aaa/AAA
AAA

0.00 0.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 160,323.67 --

0.00%
160,323.67
160,323.67

1.00 0.00%
160,323.67

0.00 0.04%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 656,726.88 0.00%
656,726.88
656,726.88

1.00 0.00%
656,726.88

0.00 0.15%

0.00 0.00

0.00 CORPORATE
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

97.00 4.27%
4,719,119.67
2,567.64

1.05%
(124,863.53)
A1/AA
AA0.950.92
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 805,000.00 --1.08%
807,605.05
807,605.05

96.88 4.53%
779,898.54
411.44

0.17%
(27,706.51)
A2/A+
A

0.96 0.93
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

96.70 4.39%
3,215,271.11
16,936.72

0.72%
(108,265.89)
A1/A+
A+

1.05 1.01
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

96.65 4.29%
2,195,825.84
10,224.00

0.49%
(75,544.08)
Aa3/AA+
AA+

1.13 1.09
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

95.95 4.53%
1,645,535.85
4,585.24

0.37%
(67,886.35)
Aa3/AAAA1.29

1.25 931142ER0 WALMART INC 1.05 09/17/2026 785,000.00 09/08/2021

1.09%
783,516.35
783,516.35

96.26 4.05%
755,644.82
1,694.29

0.17%
(27,871.53)
Aa2/AA
AA

1.30 1.26
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

96.05 4.45%
2,386,737.29
18,119.79

0.53%
(95,429.81)
Aa3/AAAA1.62

1.55 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

97.24 4.43%
1,847,565.13
11,970.00

0.41%
(37,367.87)
A2/ANA1.77

1.69 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

98.51 4.50%
1,344,695.31
2,244.67

0.30%
(20,943.09)
A2/A+
A

1.96 1.86
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

99.24 4.51%
1,389,350.06
27,637.71

0.31%
(5,959.94)
A2/ANA2.02

1.88 756109AU8 REALTY INCOME CORP 3.65
01/15/2028 4,500,000.00 --5.00%
4,242,810.00
4,242,810.00

98.22 4.37%
4,420,090.13
62,050.00

0.98%
177,280.13
A3/ANA2.63

2.43 24422EWR6 JOHN DEERE CAPITAL CORP 4.75
01/20/2028 2,450,000.00 01/23/20234.40%
2,487,705.50
2,487,705.50
101.35

4.20%
2,482,994.30
42,347.57

0.55%
(4,711.20)
A1/A
A+

2.64 2.42
91324PEP3 UNITEDHEALTH GROUP INC 5.25
02/15/2028 1,500,000.00 02/16/2023

4.75%
1,532,220.00
1,532,220.00
101.89

4.50%
1,528,418.60
23,187.50

0.34%
(3,801.41)
A2/A+
A

2.71 2.39
57636QAW4 MASTERCARD INC 4.875
03/09/2028 2,090,000.00 03/06/20234.90%
2,087,972.70
2,087,972.70
102.00

4.10%
2,131,835.34
23,207.71

0.47%
43,862.64
Aa3/A+
NA

2.77 2.47
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
100.12

3.96%
1,651,975.79
3,850.00

0.37%
2,892.29
Aaa/AA+
NA

2.94 2.67
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 11

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,975,000.00 05/08/20234.05%
1,975,392.25
1,975,392.25

99.98 4.06%
1,974,557.07
3,110.63

0.44%
(835.18)
Aa3/A+
NA

2.96 2.76
74340XCG4 PROLOGIS LP 4.875 06/15/2028 4,000,000.00 --

5.11%
3,959,713.70
3,959,713.70
101.44

4.36%
4,057,734.20
89,916.67

0.90%
98,020.50
A2/A
NA

3.04 2.67
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
102.36

4.39%
3,582,599.44
60,666.67

0.80%
127,924.44
A1/A
AA3.172.85
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
102.11

4.24%
1,705,159.76
25,488.38

0.38%
37,798.36
A1/A+
NA

3.19 2.89
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

97.90 4.35%
2,937,043.02
27,375.00

0.65%
131,773.02
A1/A
NA

3.25 3.00
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

98.91 4.29%
3,244,358.40
5,758.22

0.72%
87,522.40
Aa3/A
NA

3.46 3.19
66815L2Q1

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

4.67%
2,404,556.16
2,404,556.16
100.53

4.55%
2,412,655.92
44,274.00

0.54%
8,099.76
Aa1/AA+
AAA

3.61 3.23
57629W5B2 MASSMUTUAL GLOBAL
FUNDING II 4.85 01/17/2029 2,140,000.00 01/09/20244.85% 2,139,721.80
2,139,721.80
101.07

4.53%
2,162,817.13
38,632.94

0.48%
23,095.33
Aa3/AA+
AA+

3.63 3.24
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

97.30 4.86%
3,210,814.93
41,172.27

0.71%
94,657.93
A1/A
AA3.652.46
61747YFA8 MORGAN STANLEY 5.123
02/01/2029 2,650,000.00 02/13/20245.31%
2,632,165.50
2,632,165.50
101.21

5.01%
2,681,946.12
45,253.17

0.60%
49,780.62
A1/AA+3.67

2.43 63743HFN7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

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

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

4.53%
2,526,424.95
38,395.83

0.56%
44,649.95
A2/AA3.69

3.22 17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,960,000.00 02/21/2024

4.86%
1,959,314.00
1,959,314.00
101.99

4.27%
1,998,951.84
25,085.28

0.44%
39,637.84
A1/AANA3.74

3.28 14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 2,500,000.00 03/19/20244.81% 2,504,150.00
2,504,150.00
101.76

4.33%
2,543,966.93
31,659.72

0.57%
39,816.93
A2/A
A+

3.74 3.35
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

96.74 4.39%
1,451,124.26
10,925.00

0.32%
54,436.38
Aa3/A
NA

3.79 3.48
89115A2Y7 TORONTO-DOMINION BANK

4.994 04/05/2029 2,330,000.00 03/26/20244.99%
2,330,000.00
2,330,000.00
101.46

4.57%
2,363,924.36
18,100.48

0.53%
33,924.36
A2/AAA3.85

3.44 58989V2H6 MET TOWER GLOBAL FUNDING

5.25 04/12/2029 2,000,000.00 05/24/20245.27%
1,998,260.00
1,998,260.00
102.24

4.61%
2,044,708.88
14,291.67

0.45%
46,448.88
Aa3/AAAA3.87

3.45 74460DAD1 PUBLIC STORAGE OPERATING CO

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

96.43 4.39%
2,892,808.98
8,462.50

0.64%
130,478.98
A2/A
NA

3.92 3.60
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 12

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
57629W4T4 MASSMUTUAL GLOBAL
FUNDING II 5.15 05/30/2029 1,850,000.00 05/22/20245.17% 1,848,464.50
1,848,464.50
102.26

4.53%
1,891,735.41
264.65

0.42%
43,270.91
Aa3/AA+
AA+

4.00 3.58
64952WFG3 NEW YORK LIFE GLOBAL
FUNDING 5.0 06/06/2029 2,120,000.00 06/03/20245.04%
2,115,929.60
2,115,929.60
101.61

4.56%
2,154,140.33
51,527.78

0.48%
38,210.73
Aa1/AA+
AAA

4.02 3.52
437076DC3 HOME DEPOT INC 4.75
06/25/2029 3,000,000.00 06/20/20244.84%
2,987,610.00
2,987,610.00
101.51

4.34%
3,045,409.53
61,750.00

0.68%
57,799.53
A2/A
A

4.07 3.53
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 3,700,000.00 --4.51%
3,722,196.12
3,722,196.12
100.98

4.39%
3,736,342.36
50,659.17

0.83%
14,146.24
A2/A
A

4.21 3.67
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 2,280,000.00 08/12/2024

4.33%
2,276,460.36
2,276,460.36
100.39

4.20%
2,288,916.30
28,867.33

0.51%
12,455.94
Aa3/AANA4.21

3.70 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

99.02 4.43%
3,020,113.81
23,013.52

0.67%
(29,886.19)
Aa1/AA+
NA

4.32 3.88
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
100.49

4.48%
3,461,773.84
77,474.22

0.77%
18,737.49
Aa1/AA+
AAA

4.51 3.94
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 3,655,000.00 01/06/20255.00%
3,647,178.30
3,647,178.30
101.53

4.58%
3,710,963.02
71,363.88

0.83%
63,784.72
A1/A+
A+

4.61 4.01
02665WFY2 AMERICAN HONDA FINANCE
CORP 4.8 03/05/2030 3,500,000.00 03/07/20254.90%
3,483,900.00
3,483,900.00
100.12

4.77%
3,504,297.62
40,133.33

0.78%
20,397.62
A3/ANA4.76

4.16 69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 4,000,000.00 05/29/20254.51%
4,006,560.00
4,006,560.00
100.24

4.50%
4,009,476.24
11,627.78

0.89%
2,916.24
A1/A+
NA

4.94 4.36
74153WCW7 PRICOA GLOBAL FUNDING I 4.7
05/28/2030 3,250,000.00 05/21/20254.74%
3,244,702.50
3,244,702.50
100.38

4.61%
3,262,339.37
1,272.92

0.73%
17,636.87
Aa3/AAAA4.99

4.40 Total Corporate 110,662,000.00 4.29%
109,441,677.34
109,441,677.34

99.78 4.43%
110,372,061.78
1,197,557.27

24.56%
930,384.44

3.32 2.93
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 38,001,691.86 --4.28%
38,001,691.86
38,001,691.86

1.00 4.28%
38,001,691.86

0.00 8.46%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 38,001,691.86 4.28%
38,001,691.86
38,001,691.86

1.00 4.28%
38,001,691.86

0.00 8.46%

0.00 0.00

0.00 MONEY MARKET
FUND
60934N807 FEDERATED HRMS GV O SVC 1,764,850.19 --

3.97%
1,764,850.19
1,764,850.19

1.00 3.97%
1,764,850.19

0.00 0.39%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 13

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Money
Market Fund 1,764,850.19 3.97%
1,764,850.19
1,764,850.19

1.00 3.97%
1,764,850.19

0.00 0.39%

0.00 0.00

0.00 MUNICIPAL
BONDS
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029 4,395,000.00 10/30/20244.38%
4,418,161.65
4,418,161.65
101.00

4.24%
4,438,862.10
65,925.00

0.99%
20,700.45
Aa2/AAAA4.17

3.71 Total Municipal
Bonds 4,395,000.00 4.38%
4,418,161.65
4,418,161.65
101.00

4.24%
4,438,862.10
65,925.00

0.99%
20,700.45

4.17 3.71

SUPRANATIONAL
459058JL8

INTERNATIONAL BANK FOR

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

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

98.43 4.43%
6,201,299.60
2,887.50

1.38%
(71,061.25)
Aaa/AAA
NA

0.41 0.40
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

97.12 4.23%
6,205,991.13
6,367.81

1.38%
(154,742.67)
Aaa/AAA
NA

0.89 0.86
459058LN1

INTERNATIONAL BANK FOR

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

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

99.54 3.99%
4,479,515.33
21,796.88

1.00%
52,775.33
Aaa/AAA
NA

4.38 3.96
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
4,500,000.00 03/14/2025

4.20%
4,484,700.00
4,484,700.00
100.48

4.01%
4,521,466.13
36,609.38

1.01%
36,766.13
Aaa/AAA
NA

4.80 4.28
Total
Supranational 21,690,000.00 2.23%
21,544,534.65
21,544,534.65

98.72 4.19%
21,408,272.18
67,661.56

4.76%
(136,262.47)

2.31 2.10

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

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

98.34 4.37%
5,900,390.64
1,304.35

1.31%
(22,734.36)
Aa1/AA+
AA+

0.42 0.40
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 1,570,000.00 09/23/2021

0.90%
1,558,899.61
1,558,899.61

96.00 4.08%
1,507,138.68
2,975.75

0.34%
(51,760.93)
Aa1/AA+
AA+

1.25 1.21
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

95.93 4.05%
3,002,721.49
4,639.41

0.67%
(80,450.78)
Aa1/AA+
AA+

1.33 1.29
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

96.04 4.05%
2,996,296.87
3,052.17

0.67%
(104,690.63)
Aa1/AA+
AA+

1.42 1.37
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 14

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 6,650,000.00 --3.12%
6,690,380.86
6,690,380.86

98.75 3.88%
6,566,615.25
90,748.62

1.46%
(123,765.61)
Aa1/AA+
AA+

2.08 1.96
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

97.64 3.89%
1,269,378.90
11,949.59

0.28%
(8,582.04)
Aa1/AA+
AA+

2.17 2.06
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 3,450,000.00 --3.45%
3,399,517.58
3,399,517.58

98.38 3.89%
3,393,937.50
27,246.09

0.76%
(5,580.08)
Aa1/AA+
AA+

2.25 2.13
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 2,800,000.00 --4.37%
2,770,000.01
2,770,000.01
100.55

3.87%
2,815,421.87
19,565.57

0.63%
45,421.86
Aa1/AA+
AA+

2.33 2.19
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 4,600,000.00 --

3.74%
4,628,085.94
4,628,085.94

99.99 3.88%
4,599,640.65
487.02

1.02%
(28,445.29)
Aa1/AA+
AA+

2.50 2.36
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 7,000,000.00 --3.78%
7,028,945.31
7,028,945.31
100.02

3.87%
7,001,367.17
113,895.03

1.56%
(27,578.14)
Aa1/AA+
AA+

2.59 2.39
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

99.07 3.87%
6,934,921.84
81,892.27

1.54%
106,914.03
Aa1/AA+
AA+

2.67 2.49
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 7,000,000.00 02/23/20234.16%
6,949,960.94
6,949,960.94
100.33

3.87%
7,022,968.75
70,760.87

1.56%
73,007.81
Aa1/AA+
AA+

2.75 2.55
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

99.31 3.87%
6,951,875.00
693.31

1.55%
67,539.06
Aa1/AA+
AA+

3.00 2.81
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
101.48

3.88%
1,928,203.13
21,007.13

0.43%
48,242.19
Aa1/AA+
AA+

3.25 2.97
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
102.30

3.88%
5,933,445.30
45,441.26

1.32%
170,148.42
Aa1/AA+
AA+

3.33 3.04
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
103.11

3.89%
2,062,109.38
8,478.26

0.46%
54,531.25
Aa1/AA+
AA+

3.42 3.11
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
101.54

3.90%
3,452,460.95
406.42

0.77%
(30,414.05)
Aa1/AA+
AA+

3.50 3.22
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 11,000,000.00 --3.99%
10,883,007.81
10,883,007.81

99.51 3.90%
10,946,289.09
173,204.42

2.44%
63,281.28
Aa1/AA+
AA+

3.59 3.26
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
100.31

3.91%
5,015,429.70
66,850.83

1.12%
72,265.64
Aa1/AA+
AA+

3.67 3.33
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
101.18

3.91%
7,082,304.67
75,183.42

1.58%
97,070.29
Aa1/AA+
AA+

3.75 3.40
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 7,000,000.00 04/10/20244.62%
6,848,515.63
6,848,515.63
100.75

3.91%
7,052,500.00
48,913.93

1.57%
203,984.37
Aa1/AA+
AA+

3.83 3.49
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 7,000,000.00 --

4.48%
7,043,730.48
7,043,730.48
102.54

3.92%
7,177,460.92
28,152.17

1.60%
133,730.44
Aa1/AA+
AA+

3.91 3.54
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 15

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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
102.12

3.92%
4,493,156.27
540.98

1.00%
47,781.27
Aa1/AA+
AA+

4.00 3.63
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
101.21

3.93%
4,048,281.24
71,381.22

0.90%
19,999.99
Aa1/AA+
AA+

4.08 3.65
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 8,000,000.00 09/11/20243.45%
8,062,812.50
8,062,812.50

98.80 3.93%
7,903,750.00
73,288.04

1.76%
(159,062.50)
Aa1/AA+
AA+

4.25 3.86
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 8,500,000.00 --3.66%
8,437,500.00
8,437,500.00

98.28 3.93%
8,353,906.25
50,396.17

1.86%
(83,593.75)
Aa1/AA+
AA+

4.33 3.95
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 4,500,000.00 12/16/2024

4.25%
4,474,160.16
4,474,160.16
100.75

3.94%
4,533,925.77
507.17

1.01%
59,765.61
Aa1/AA+
AA+

4.50 4.07
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 4,500,000.00 02/07/20254.33%
4,483,300.78
4,483,300.78
101.23

3.96%
4,555,546.88
63,926.11

1.01%
72,246.10
Aa1/AA+
AA+

4.67 4.14
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 5,000,000.00 05/20/20254.06%
4,958,398.44
4,958,398.44

99.60 3.96%
4,980,078.10
16,847.83

1.11%
21,679.66
Aa1/AA+
AA+

4.91 4.42
Total US Treasury 149,620,000.00 3.76%
148,850,571.15
148,850,571.15

99.93 3.93%
149,481,522.24
1,173,735.42

33.26%
630,951.09

3.25 2.98
Total Portfolio 451,531,373.20 3.85%
446,900,953.41
446,900,953.41

90.66 4.19%
449,413,613.71
2,822,499.11
100.00%
2,512,660.30

2.76 2.33
Total Market Value
+ Accrued 452,236,112.82
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 16

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

ACQUISITIONS
Purchase 05/01/2025 90LAIF$00 200,000.00 Local Agency Investment Fund State Pool 1.000 4.27% (200,000.00) 0.00 (200,000.00) 0.00 Purchase 05/01/2025 60934N807 50,775.00 FEDERATED HRMS GV O SVC 1.000 4.01% (50,775.00) 0.00 (50,775.00) 0.00
Purchase 05/02/2025 60934N807 2,761,000.00 FEDERATED HRMS GV O SVC 1.000 4.00% (2,761,000.00) 0.00 (2,761,000.00) 0.00 Purchase 05/02/2025 60934N807 42,953.67 FEDERATED HRMS GV O SVC 1.000 4.00% (42,953.67) 0.00 (42,953.67) 0.00
Purchase 05/05/2025 90LAIF$00 2,200,000.00 Local Agency Investment Fund State Pool 1.000 4.26% (2,200,000.00) 0.00 (2,200,000.00) 0.00 Purchase 05/06/2025 90LAIF$00 1,100,000.00 Local Agency Investment Fund State Pool 1.000 4.27% (1,100,000.00) 0.00 (1,100,000.00) 0.00 Purchase 05/07/2025 60934N807 15,750.00 FEDERATED HRMS GV O SVC 1.000 3.97% (15,750.00) 0.00 (15,750.00) 0.00
Purchase 05/12/2025 90LAIF$00 1,300,000.00 Local Agency Investment Fund State Pool 1.000 4.26% (1,300,000.00) 0.00 (1,300,000.00) 0.00 Purchase 05/12/2025 60934N807 84,225.00 FEDERATED HRMS GV O SVC 1.000 3.95% (84,225.00) 0.00 (84,225.00) 0.00
Purchase 05/13/2025 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 99.998 4.28% (3,379,938.82) 0.00 (3,379,938.82) 0.00 Purchase 05/13/2025 90LAIF$00 300,000.00 Local Agency Investment Fund State Pool 1.000 4.26% (300,000.00) 0.00 (300,000.00) 0.00 Purchase 05/15/2025 90LAIF$00 700,000.00 Local Agency Investment Fund State Pool 1.000 4.28% (700,000.00) 0.00 (700,000.00) 0.00 Purchase 05/15/2025 60934N807 233,854.92 FEDERATED HRMS GV O SVC 1.000 3.96% (233,854.92) 0.00 (233,854.92) 0.00
Purchase 05/15/2025 60934N807 3,073,325.07 FEDERATED HRMS GV O SVC 1.000 3.96% (3,073,325.07) 0.00 (3,073,325.07) 0.00 Purchase 05/16/2025 60934N807 50,713.56 FEDERATED HRMS GV O SVC 1.000 3.96% (50,713.56) 0.00 (50,713.56) 0.00
Purchase 05/16/2025 60934N807 8,125.42 FEDERATED HRMS GV O SVC 1.000 3.96% (8,125.42) 0.00 (8,125.42) 0.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 17

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Purchase 05/19/2025 60934N807 83,707.96 FEDERATED HRMS GV O SVC 1.000 3.96% (83,707.96) 0.00 (83,707.96) 0.00
Purchase 05/20/2025 90LAIF$00 1,500,000.00 Local Agency Investment Fund State Pool 1.000 4.28% (1,500,000.00) 0.00 (1,500,000.00) 0.00 Purchase 05/20/2025 60934N807 6,715.05 FEDERATED HRMS GV O SVC 1.000 3.96% (6,715.05) 0.00 (6,715.05) 0.00
Purchase 05/21/2025 91282CMZ1 5,000,000.00 UNITED STATES TREASURY

3.875 04/30/2030 99.168 4.06% (4,958,398.44) (11,056.39) (4,969,454.83) 0.00 Purchase 05/22/2025 60934N807 2,952,142.50 FEDERATED HRMS GV O SVC 1.000 3.94% (2,952,142.50) 0.00 (2,952,142.50) 0.00 Purchase 05/27/2025 90LAIF$00 20,900,000.00 Local Agency Investment Fund State Pool 1.000 4.28% (20,900,000.00) 0.00 (20,900,000.00) 0.00 Purchase 05/27/2025 60934N807 140,571.96 FEDERATED HRMS GV O SVC 1.000 3.94% (140,571.96) 0.00 (140,571.96) 0.00
Purchase 05/27/2025 60934N807 40,792.99 FEDERATED HRMS GV O SVC 1.000 3.94% (40,792.99) 0.00 (40,792.99) 0.00
Purchase 05/28/2025 74153WCW7 3,250,000.00

PRICOA GLOBAL
FUNDING I 4.7
05/28/2030

99.837 4.74% (3,244,702.50) 0.00 (3,244,702.50) 0.00
Purchase 05/28/2025 90LAIF$00 8,500,000.00 Local Agency Investment Fund State Pool 1.000 4.28% (8,500,000.00) 0.00 (8,500,000.00) 0.00 Purchase 05/30/2025 69371RT71 4,000,000.00 PACCAR FINANCIAL CORP

4.55 05/08/2030 100.164 4.51% (4,006,560.00) (11,122.22) (4,017,682.22) 0.00 Purchase 05/30/2025 60934N807 1,041,274.30 FEDERATED HRMS GV O SVC 1.000 3.97% (1,041,274.30) 0.00 (1,041,274.30) 0.00 Purchase 05/30/2025 60934N807 47,637.50 FEDERATED HRMS GV O SVC 1.000 3.97% (47,637.50) 0.00 (47,637.50) 0.00
Total Purchase 62,963,564.90 (62,923,164.66) (22,178.61) (62,945,343.27) 0.00 TOTAL
ACQUISITIONS 62,963,564.90 (62,923,164.66) (22,178.61) (62,945,343.27) 0.00

DISPOSITIONS
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 18

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Maturity 05/01/2025 06367WB85 (2,761,000.00) BANK OF MONTREAL 1.85 05/01/2025 100.000 0.85% 2,761,000.00 0.00 2,761,000.00 (101,660.02) Maturity 05/15/2025 02582JJT8 (2,765,000.00) AMXCA 2022-2 A 3.39 05/17/2027 100.000 3.40% 0.00 0.00 0.00 0.00
Total Maturity (5,526,000.00) 2,761,000.00 0.00 2,761,000.00 (101,660.02) Sale 05/07/2025 90LAIF$00 (3,300,000.00) Local Agency Investment Fund State Pool 1.000 4.27% 3,300,000.00 0.00 3,300,000.00 0.00 Sale 05/08/2025 90LAIF$00 (3,900,000.00) Local Agency Investment Fund State Pool 1.000 4.26% 3,900,000.00 0.00 3,900,000.00 0.00 Sale 05/13/2025 60934N807 (3,379,938.82) FEDERATED HRMS GV O SVC 1.000 3.95% 3,379,938.82 0.00 3,379,938.82 0.00
Sale 05/14/2025 90LAIF$00 (2,300,000.00) Local Agency Investment Fund State Pool 1.000 4.26% 2,300,000.00 0.00 2,300,000.00 0.00 Sale 05/21/2025 90LAIF$00 (5,000,000.00) Local Agency Investment Fund State Pool 1.000 4.28% 5,000,000.00 0.00 5,000,000.00 0.00 Sale 05/21/2025 60934N807 (3,188,170.17) FEDERATED HRMS GV O SVC 1.000 3.94% 3,188,170.17 0.00 3,188,170.17 0.00
Sale 05/21/2025 60934N807 (1,763,417.86) FEDERATED HRMS GV O SVC 1.000 3.94% 1,763,417.86 0.00 1,763,417.86 0.00
Sale 05/22/2025 90LAIF$00 (1,600,000.00) Local Agency Investment Fund State Pool 1.000 4.28% 1,600,000.00 0.00 1,600,000.00 0.00 Sale 05/22/2025 40139LBC6 (3,000,000.00)

GUARDIAN LIFE GLOBAL
FUNDING 0.875
12/10/2025

98.011 1.12% 2,940,330.00 (11,812.50) 2,952,142.50 (29,370.00) Sale 05/28/2025 60934N807 (2,992,702.50) FEDERATED HRMS GV O SVC 1.000 3.96% 2,992,702.50 0.00 2,992,702.50 0.00
Sale 05/28/2025 60934N807 (252,000.00) FEDERATED HRMS GV O SVC 1.000 3.96% 252,000.00 0.00 252,000.00 0.00
Sale 05/29/2025 90LAIF$00 (2,300,000.00) Local Agency Investment Fund State Pool 1.000 4.28% 2,300,000.00 0.00 2,300,000.00 0.00 Sale 05/30/2025 665859AW4 (1,345,000.00) NORTHERN TRUST CORP

4.0 05/10/2027 99.599 4.04% 1,339,606.55 (2,988.89) 1,342,595.44 (3,214.55) Sale 05/30/2025 22160KAM7 (2,500,000.00) COSTCO WHOLESALE CORP 3.0 05/18/2027 97.922 3.53% 2,448,050.00 (2,500.00) 2,450,550.00 6,075.00 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 19

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 05/30/2025 808513BY0 (1,300,000.00) CHARLES SCHWAB CORP

2.45 03/03/2027 96.778 2.73% 1,258,114.00 (7,697.08) 1,265,811.08 (24,752.00) Total Sale (38,121,229.35) 37,962,329.90 (24,998.47) 37,987,328.37 (51,261.55) TOTAL
DISPOSITIONS (43,647,229.35) 40,723,329.90 (24,998.47) 40,748,328.37 (152,921.57) OTHER

TRANSACTIONS
Cash Transfer 05/01/2025 CCYUSD 200,000.00 Cash 0.00% 200,000.00 0.00 200,000.00 0.00 Cash Transfer 05/05/2025 CCYUSD 2,200,000.00 Cash 0.00% 2,200,000.00 0.00 2,200,000.00 0.00 Cash Transfer 05/06/2025 CCYUSD 1,100,000.00 Cash 0.00% 1,100,000.00 0.00 1,100,000.00 0.00 Cash Transfer 05/07/2025 CCYUSD (3,300,000.00) Cash 0.00% (3,300,000.00) 0.00 (3,300,000.00) 0.00 Cash Transfer 05/08/2025 CCYUSD (3,900,000.00) Cash 0.00% (3,900,000.00) 0.00 (3,900,000.00) 0.00 Cash Transfer 05/12/2025 CCYUSD 1,300,000.00 Cash 0.00% 1,300,000.00 0.00 1,300,000.00 0.00 Cash Transfer 05/13/2025 CCYUSD 300,000.00 Cash 0.00% 300,000.00 0.00 300,000.00 0.00 Cash Transfer 05/14/2025 CCYUSD (2,300,000.00) Cash 0.00% (2,300,000.00) 0.00 (2,300,000.00) 0.00 Cash Transfer 05/15/2025 CCYUSD 700,000.00 Cash 0.00% 700,000.00 0.00 700,000.00 0.00 Cash Transfer 05/20/2025 CCYUSD 1,500,000.00 Cash 0.00% 1,500,000.00 0.00 1,500,000.00 0.00 Cash Transfer 05/21/2025 CCYUSD (5,000,000.00) Cash 0.00% (5,000,000.00) 0.00 (5,000,000.00) 0.00 Cash Transfer 05/22/2025 CCYUSD (1,600,000.00) Cash 0.00% (1,600,000.00) 0.00 (1,600,000.00) 0.00 Cash Transfer 05/27/2025 CCYUSD 20,900,000.00 Cash 0.00% 20,900,000.00 0.00 20,900,000.00 0.00 Cash Transfer 05/28/2025 CCYUSD 8,500,000.00 Cash 0.00% 8,500,000.00 0.00 8,500,000.00 0.00 Cash Transfer 05/29/2025 CCYUSD (2,300,000.00) Cash 0.00% (2,300,000.00) 0.00 (2,300,000.00) 0.00 Total Cash
Transfer 18,300,000.00 18,300,000.00 0.00 18,300,000.00 0.00 Coupon 05/01/2025 74460DAD1 0.00

PUBLIC STORAGE
OPERATING CO 3.385
05/01/2029

5.21% 50,775.00 0.00 50,775.00 0.00
Coupon 05/01/2025 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 05/01/2025 3137F4D41 0.00 FHMS K-074 A2 3.6
01/25/2028 4.93% 9,000.00 0.00 9,000.00 0.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 20

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/01/2025 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.88% 10,231.00 0.00 10,231.00 0.00
Coupon 05/01/2025 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 05/01/2025 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.75% 8,166.67 0.00 8,166.67 0.00
Coupon 05/01/2025 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.64% 15,066.66 0.00 15,066.66 0.00
Coupon 05/01/2025 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.60% 17,068.33 0.00 17,068.33 0.00
Coupon 05/01/2025 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 05/01/2025 3137FETN0 0.00 FHMS K-073 A2 3.35
01/25/2028 4.55% 16,750.00 0.00 16,750.00 0.00
Coupon 05/01/2025 3137FGR31 0.00 FHMS K-078 A2 3.854
06/25/2028 4.42% 6,413.70 0.00 6,413.70 0.00
Coupon 05/01/2025 3137BSRE5 0.00 FHMS K-059 A2 3.12
09/25/2026 1.98% 7,800.00 0.00 7,800.00 0.00
Coupon 05/01/2025 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 05/01/2025 06367WB85 0.00 BANK OF MONTREAL 1.85
05/01/2025 0.85% 25,539.25 0.00 25,539.25 0.00
Coupon 05/07/2025 3135G06G3 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 11/07/2025

0.57% 15,750.00 0.00 15,750.00 0.00
Coupon 05/10/2025 665859AW4 0.00 NORTHERN TRUST CORP

4.0 05/10/2027 4.04% 26,900.00 0.00 26,900.00 0.00
Coupon 05/10/2025 037833ET3 0.00 APPLE INC 4.0
05/10/2028 4.01% 33,000.00 0.00 33,000.00 0.00
Coupon 05/12/2025 023135BX3 0.00 AMAZON.COM INC 1.0
05/12/2026 1.09% 24,325.00 0.00 24,325.00 0.00
Coupon 05/15/2025 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: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 21

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/15/2025 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 05/15/2025 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 05/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 15,673.50 0.00 15,673.50 0.00
Coupon 05/15/2025 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 05/15/2025 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 05/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.01% 6,415.05 0.00 6,415.05 0.00
Coupon 05/15/2025 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 05/15/2025 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 05/15/2025 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 05/15/2025 44935WAD9 0.00 HALST 2025-A A3 4.83
01/18/2028 4.83% 8,412.25 0.00 8,412.25 0.00
Coupon 05/15/2025 26442CAX2 0.00

DUKE ENERGY
CAROLINAS LLC 3.95
11/15/2028

4.81% 64,780.00 0.00 64,780.00 0.00
Coupon 05/15/2025 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.32% 9,450.00 0.00 9,450.00 0.00
Coupon 05/15/2025 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 05/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 7,332.00 0.00 7,332.00 0.00
Coupon 05/15/2025 91324PEG3 0.00 UNITEDHEALTH GROUP
INC 3.7 05/15/2027 3.69% 25,252.50 0.00 25,252.50 0.00
Coupon 05/15/2025 02582JJT8 0.00 AMXCA 2022-2 A 3.39
05/17/2027 3.40% 7,811.13 0.00 7,811.13 0.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 22

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/15/2025 47787JAC2 0.00 JDOT 2022 A3 2.32
09/15/2026 2.33% 320.18 0.00 320.18 0.00
Coupon 05/15/2025 448977AD0 0.00 HART 2022-A A3 2.22
10/15/2026 2.22% 366.31 0.00 366.31 0.00
Coupon 05/15/2025 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.88% 362.71 0.00 362.71 0.00
Coupon 05/15/2025 91324PEC2 0.00 UNITEDHEALTH GROUP
INC 1.15 05/15/2026 1.08% 4,628.75 0.00 4,628.75 0.00
Coupon 05/15/2025 89238JAC9 0.00 TAOT 2021-D A3 0.71
04/15/2026 0.71% 12.32 0.00 12.32 0.00
Coupon 05/16/2025 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 05/16/2025 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 72.97 0.00 72.97 0.00
Coupon 05/16/2025 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 29.74 0.00 29.74 0.00
Coupon 05/17/2025 58933YBH7 0.00 MERCK & CO INC 4.05
05/17/2028 4.05% 39,993.75 0.00 39,993.75 0.00
Coupon 05/18/2025 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 05/18/2025 22160KAM7 0.00 COSTCO WHOLESALE
CORP 3.0 05/18/2027 3.53% 37,500.00 0.00 37,500.00 0.00 Coupon 05/20/2025 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 05/21/2025 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 13.09 0.00 13.09 0.00
Coupon 05/25/2025 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 05/25/2025 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 05/25/2025 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 458.68 0.00 458.68 0.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 23

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 05/30/2025 57629W4T4 0.00

MASSMUTUAL GLOBAL
FUNDING II 5.15
05/30/2029

5.17% 47,637.50 0.00 47,637.50 0.00
Coupon 05/31/2025 91282CKT7 0.00 UNITED STATES TREASURY

4.5 05/31/2029 4.27% 99,000.00 0.00 99,000.00 0.00
Coupon 05/31/2025 91282CMA6 0.00 UNITED STATES TREASURY

4.125 11/30/2029 4.25% 92,812.50 0.00 92,812.50 0.00
Coupon 05/31/2025 91282CHE4 0.00 UNITED STATES TREASURY

3.625 05/31/2028 4.00% 126,875.00 0.00 126,875.00 0.00
Coupon 05/31/2025 91282CJN2 0.00 UNITED STATES TREASURY

4.375 11/30/2028 3.83% 74,375.00 0.00 74,375.00 0.00
Coupon 05/31/2025 91282CFZ9 0.00 UNITED STATES TREASURY

3.875 11/30/2027 3.75% 0.00 0.00 0.00 0.00
Coupon 05/31/2025 91282CFZ9 0.00 UNITED STATES TREASURY

3.875 11/30/2027 3.75% 0.00 0.00 0.00 0.00
Coupon 05/31/2025 91282CFZ9 0.00 UNITED STATES TREASURY

3.875 11/30/2027 3.74% 89,125.00 0.00 89,125.00 0.00
Total Coupon 0.00 1,179,102.65 0.00 1,179,102.65 0.00
Dividend 05/31/2025 60934N807 0.00 FEDERATED HRMS GV O
SVC 3.97% 14,215.70 0.00 14,215.70 0.00
Total Dividend 0.00 14,215.70 0.00 14,215.70 0.00
Principal Paydown 05/15/2025 47800CAC0 127,325.42 JDOT 2023 A3 5.01 11/15/2027 5.01% 127,325.42 -- 127,325.42 23.20
Principal Paydown 05/15/2025 02582JJT8 2,765,000.00 AMXCA 2022-2 A 3.39 05/17/2027 3.40% 2,765,000.00 -- 2,765,000.00 611.62
Principal Paydown 05/15/2025 47787JAC2 37,595.54 JDOT 2022 A3 2.32 09/15/2026 2.33% 37,595.54 -- 37,595.54 8.32
Principal Paydown 05/15/2025 448977AD0 55,933.35 HART 2022-A A3 2.22 10/15/2026 2.22% 55,933.35 -- 55,933.35 2.16
Principal Paydown 05/15/2025 43815BAC4 66,656.08 HAROT 2022-1 A3 1.88 05/15/2026 1.88% 66,656.08 -- 66,656.08 10.03
Principal Paydown 05/15/2025 89238JAC9 20,814.68 TAOT 2021-D A3 0.71 04/15/2026 0.71% 20,814.68 -- 20,814.68 0.45
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 24

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 05/16/2025 380146AC4 25,040.39 GMCAR 2022-1 A3 1.26 11/16/2026 1.26% 25,040.39 -- 25,040.39 2.18
Principal Paydown 05/16/2025 362554AC1 25,673.17 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 25,673.17 -- 25,673.17 0.66
Principal Paydown 05/21/2025 43815GAC3 17,853.71 HAROT 2021-4 A3 0.88 01/21/2026 0.89% 17,853.71 -- 17,853.71 3.76
Principal Paydown 05/25/2025 05602RAD3 40,792.99 BMWOT 2022-A A3 3.21 08/25/2026 3.21% 40,792.99 -- 40,792.99 2.13
Total Principal
Paydown 3,182,685.33 3,182,685.33 -- 3,182,685.33 664.49

TOTAL OTHER
TRANSACTIONS 21,482,685.33 22,676,003.68 0.00 22,676,003.68 664.49 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 25

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

CASH & EQUIVALENTS
60934N807 FEDERATED HRMS GV O SVC
1,764,850.19
2,707,514.64
10,633,564.90
(11,576,229.35)
1,764,850.19

0.00 17,414.42

0.00 17,414.42

0.00 0.00

0.00 17,414.42
17,414.42
CCYUSD Receivable
656,726.88
106,345.23

0.00 0.00
656,726.88

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 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
Total Cash & Equivalents 2,421,577.07
2,813,859.87
10,633,564.90
(11,576,229.35)
2,421,577.07

0.00 17,414.42

0.00 17,414.42

0.00 0.00

0.00 17,414.42 17,414.42

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

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

0.00 0.00

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

0.00 2,764,388.38

0.00 (2,764,388.38)

0.00 4,165.93
7,811.13

0.00 3,645.20

0.00 0.00

0.00 3,645.20
3,645.20
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
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030
05/06/2025
05/13/2025
3,380,000.00

0.00 3,379,938.82

0.00 3,379,938.82

0.00 0.00
7,233.20
7,233.20

0.00 0.00

0.00 7,233.20
7,233.20
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 26

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
02665WFY2 AMERICAN HONDA FINANCE
CORP 4.8 03/05/2030
03/07/2025
03/10/2025
3,500,000.00
3,483,900.00

0.00 0.00
3,483,900.00
26,133.33

0.00 40,133.33
14,000.00

0.00 0.00

0.00 14,000.00
14,000.00
037833ET3 APPLE INC 4.0 05/10/2028
05/08/2023
05/10/2023
1,650,000.00
1,649,083.50

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

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00

0.00 8,606.96
8,606.96
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
130,675.31
171,459.38

0.00 (40,790.86)
130,668.51

91.74 458.68

69.91 436.86

0.00 0.00

0.00 436.86
436.86
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
06367WB85 BANK OF MONTREAL 1.85
05/01/2025
07/23/2021
07/27/2021

0.00 2,862,660.02

0.00 (2,862,660.02)

0.00 25,539.25
25,539.25

0.00 0.00

0.00 0.00

0.00 0.00

0.00 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
49,443.75

0.00 65,925.00
16,481.25

0.00 0.00

0.00 16,481.25
16,481.25
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 27

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

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

0.00 0.00
2,504,150.00
21,555.56

0.00 31,659.72
10,104.17

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00
3,722,196.12
36,321.67

0.00 50,659.17
14,337.50

0.00 0.00

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

0.00 0.00
1,959,314.00
17,163.61

0.00 25,085.28
7,921.67

0.00 0.00

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

3.0 05/18/2027
07/15/2022
07/19/2022

0.00 2,441,975.00

0.00 (2,441,975.00)

0.00 33,958.33
40,000.00

0.00 6,041.67

0.00 0.00

0.00 6,041.67
6,041.67
24422EWR6 JOHN DEERE CAPITAL CORP

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

0.00 0.00
2,487,705.50
32,649.65

0.00 42,347.57
9,697.92

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00
1,396,687.88
6,612.50

0.00 10,925.00
4,312.50

0.00 0.00

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

0.00 0.00
2,276,460.36
20,697.33

0.00 28,867.33
8,170.00

0.00 0.00

0.00 8,170.00
8,170.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 28

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

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

0.00 0.00
2,931,360.00
40,333.33

0.00 50,333.33
10,000.00

0.00 0.00

0.00 10,000.00
10,000.00
3135G04Z3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
06/17/2025
01/11/2021
01/12/2021
1,500,000.00
1,501,860.00

0.00 0.00
1,501,860.00
2,791.67

0.00 3,416.67
625.00

0.00 0.00

0.00 625.00
625.00
3135G05X7

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

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

0.00 0.00
6,260,439.20
4,320.94

0.00 6,285.00
1,964.06

0.00 0.00

0.00 1,964.06
1,964.06
3135G06G3

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

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

0.00 0.00

0.00 2,625.00
2,625.00
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
6,562.50

0.00 8,531.25
1,968.75

0.00 0.00

0.00 1,968.75
1,968.75
3137EAEX3

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

0.00 0.00
6,276,346.05
2,491.77

0.00 4,458.96
1,967.19

0.00 0.00

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

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

0.00 0.00

0.00 9,000.00
9,000.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 29

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
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
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 30

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026
10/13/2021
10/21/2021
26,814.05
52,485.88

0.00 (25,672.51)
26,813.37

14.87 29.74

7.60 22.47

0.00 0.00

0.00 22.47

22.47 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
44,453.46
69,487.81

0.00 (25,038.21)
44,449.60

36.48 72.97

23.34 59.82

0.00 0.00

0.00 59.82

59.82 40139LBC6 GUARDIAN LIFE GLOBAL
FUNDING 0.875 12/10/2025 0.00
2,969,700.00

0.00 (2,969,700.00)

0.00 10,281.25
11,812.50

0.00 1,531.25

0.00 0.00

0.00 1,531.25
1,531.25
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
09/23/2024
09/26/2024
3,050,000.00
3,050,000.00

0.00 0.00
3,050,000.00
12,391.90

0.00 23,013.52
10,621.63

0.00 0.00

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

0.00 0.00
2,987,610.00
49,875.00

0.00 61,750.00
11,875.00

0.00 0.00

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

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

0.00 0.00

0.00 14,913.63
14,913.63
437930AC4 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
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 31

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022
164,859.78
231,481.04

0.00 (66,646.05)
164,834.98
193.44
362.71
137.75
307.02

0.00 0.00

0.00 307.02
307.02
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021

0.00 17,849.95

0.00 (17,849.95)

0.00 4.36

13.09 0.00

8.73 0.00

0.00 0.00

8.73 8.73
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
142,072.00
197,997.72

0.00 (55,931.19)
142,066.53
195.37
366.31
140.18
311.12

0.00 0.00

0.00 311.12
311.12
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
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
2,625,000.00
2,624,612.81

0.00 0.00
2,624,612.81
5,040.00
9,450.00
5,040.00
9,450.00

0.00 0.00

0.00 9,450.00
9,450.00
44935WAD9 HALST 2025-A A3 4.83
01/18/2028
01/14/2025
01/22/2025
2,090,000.00
2,089,843.46

0.00 0.00
2,089,843.46
4,486.53
8,412.25
4,486.53
8,412.25

0.00 0.00

0.00 8,412.25
8,412.25
4581X0DV7

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

0.00 0.00
6,360,733.80
1,708.44

0.00 6,367.81
4,659.38

0.00 0.00

0.00 4,659.38
4,659.38
459058JL8

INTERNATIONAL BANK FOR

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

0.00 0.00
6,272,360.85
262.50

0.00 2,887.50
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 32

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
7,265.63

0.00 21,796.88
14,531.25

0.00 0.00

0.00 14,531.25
14,531.25
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
4,500,000.00
4,484,700.00

0.00 0.00
4,484,700.00
21,140.63

0.00 36,609.38
15,468.75

0.00 0.00

0.00 15,468.75
15,468.75
46647PAM8 JPMORGAN CHASE & CO

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

0.00 0.00
3,116,157.00
31,522.52

0.00 41,172.27
9,649.75

0.00 0.00

0.00 9,649.75
9,649.75
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 2.32
09/15/2026
03/10/2022
03/16/2022
128,017.01
165,575.91

0.00 (37,587.22)
127,988.69
170.76
320.18
132.00
281.41

0.00 0.00

0.00 281.41
281.41
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
1,409,212.66
1,536,258.13

0.00 (127,302.22)
1,408,955.90
3,421.36
6,415.05
3,137.85
6,131.54

0.00 0.00

0.00 6,131.54
6,131.54
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
2,080,000.00
2,079,869.17

0.00 0.00
2,079,869.17
3,910.40
7,332.00
3,910.40
7,332.00

0.00 0.00

0.00 7,332.00
7,332.00
57629W4T4 MASSMUTUAL GLOBAL
FUNDING II 5.15 05/30/2029
05/22/2024
05/30/2024
1,850,000.00
1,848,464.50

0.00 0.00
1,848,464.50
39,962.57
47,637.50
264.65
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
29,983.78

0.00 38,632.94
8,649.17

0.00 0.00

0.00 8,649.17
8,649.17
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 33

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
57629WDE7 MASSMUTUAL GLOBAL
FUNDING II 1.2 07/16/2026
08/10/2021
08/12/2021
2,272,000.00
2,271,369.92

0.00 0.00
2,271,369.92
7,952.00

0.00 10,224.00
2,272.00

0.00 0.00

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

0.00 0.00
2,087,972.70
14,717.08

0.00 23,207.71
8,490.63

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00

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

0.00 0.00
1,713,422.20
2,798.78

0.00 4,585.24
1,786.46

0.00 0.00

0.00 1,786.46
1,786.46
58989V2H6 MET TOWER GLOBAL
FUNDING 5.25 04/12/2029
05/24/2024
05/29/2024
2,000,000.00
1,998,260.00

0.00 0.00
1,998,260.00
5,541.67

0.00 14,291.67
8,750.00

0.00 0.00

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

0.00 0.00
2,482,167.10
14,236.98

0.00 18,119.79
3,882.81

0.00 0.00

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

0.00 0.00
2,632,165.50
33,939.88

0.00 45,253.17
11,313.29

0.00 0.00

0.00 11,313.29
11,313.29
63743HFN7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

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

0.00 0.00
2,481,775.00
28,291.67

0.00 38,395.83
10,104.17

0.00 0.00

0.00 10,104.17
10,104.17
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 34

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
64952WFG3 NEW YORK LIFE GLOBAL
FUNDING 5.0 06/06/2029
06/03/2024
06/06/2024
2,120,000.00
2,115,929.60

0.00 0.00
2,115,929.60
42,694.44

0.00 51,527.78
8,833.33

0.00 0.00

0.00 8,833.33
8,833.33
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
64,268.39

0.00 77,474.22
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

0.00 1,342,821.10

0.00 (1,342,821.10)

0.00 25,555.00
29,888.89

0.00 4,333.89

0.00 0.00

0.00 4,333.89
4,333.89
66815L2Q1

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

0.00 0.00
2,404,556.16
34,854.00

0.00 44,274.00
9,420.00

0.00 0.00

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

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

0.00 0.00
1,667,361.40
18,599.63

0.00 25,488.38
6,888.75

0.00 0.00

0.00 6,888.75
6,888.75
69371RT71 PACCAR FINANCIAL CORP

4.55 05/08/2030
05/29/2025
05/30/2025
4,000,000.00

0.00 4,006,560.00

0.00 4,006,560.00

0.00 (11,122.22)
11,627.78
505.56

0.00 0.00

0.00 505.56
505.56
74153WCW7 PRICOA GLOBAL FUNDING I

4.7 05/28/2030
05/21/2025
05/28/2025
3,250,000.00

0.00 3,244,702.50

0.00 3,244,702.50

0.00 0.00
1,272.92
1,272.92

0.00 0.00

0.00 1,272.92
1,272.92
74340XCG4 PROLOGIS LP 4.875
06/15/2028 4,000,000.00
3,959,713.70

0.00 0.00
3,959,713.70
73,666.67

0.00 89,916.67
16,250.00

0.00 0.00

0.00 16,250.00
16,250.00
74456QBX3

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

0.00 0.00
2,805,270.00
18,250.00

0.00 27,375.00
9,125.00

0.00 0.00

0.00 9,125.00
9,125.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 35

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
74460DAD1 PUBLIC STORAGE OPERATING
CO 3.385 05/01/2029 3,000,000.00
2,762,330.00

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

0.00 0.00

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

0.00 0.00
4,242,810.00
48,362.50

0.00 62,050.00
13,687.50

0.00 0.00

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

0.00 0.00
3,454,675.00
45,500.00

0.00 60,666.67
15,166.67

0.00 0.00

0.00 15,166.67
15,166.67
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027
03/09/2022
03/11/2022

0.00 1,282,866.00

0.00 (1,282,866.00)

0.00 5,131.39
7,697.08

0.00 2,565.69

0.00 0.00

0.00 2,565.69
2,565.69
880591EZ1

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

0.00 0.00
3,548,755.00
17,329.86

0.00 28,631.94
11,302.08

0.00 0.00

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

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

0.00 0.00
1,884,933.00
7,536.67

0.00 11,970.00
4,433.33

0.00 0.00

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

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

0.00 0.00
1,395,310.00
22,845.04

0.00 27,637.71
4,792.67

0.00 0.00

0.00 4,792.67
4,792.67
89115A2Y7 TORONTO-DOMINION BANK

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

0.00 0.00
2,330,000.00
8,403.79

0.00 18,100.48
9,696.68

0.00 0.00

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

0.00 0.00
3,323,537.00
13,819.53

0.00 16,936.72
3,117.19

0.00 0.00

0.00 3,117.19
3,117.19
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 36

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
3,655,000.00
3,647,178.30

0.00 0.00
3,647,178.30
56,287.00

0.00 71,363.88
15,076.88

0.00 0.00

0.00 15,076.88
15,076.88
89238JAC9 TAOT 2021-D A3 0.71
04/15/2026
11/09/2021
11/15/2021

0.00 20,814.24

0.00 (20,814.24)

0.00 6.57

12.32 0.00

5.75 0.00

0.00 0.00

5.75 5.75
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

40.76 0.00
1,304.35
1,263.59

0.00 0.00

0.00 1,263.59
1,263.59
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
1,983.83

0.00 2,975.75
991.92

0.00 0.00

0.00 991.92
991.92
91282CCZ2 UNITED STATES TREASURY

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

0.00 0.00
3,083,172.27
2,319.71

0.00 4,639.41
2,319.71

0.00 0.00

0.00 2,319.71
2,319.71
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

95.38 0.00
3,052.17
2,956.79

0.00 0.00

0.00 2,956.79
2,956.79
91282CEW7 UNITED STATES TREASURY

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

0.00 0.00
6,690,380.86
72,240.68

0.00 90,748.62
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
8,888.12

0.00 11,949.59
3,061.46

0.00 0.00

0.00 3,061.46
3,061.46
91282CFH9 UNITED STATES TREASURY

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

0.00 0.00
3,399,517.58
18,164.06

0.00 27,246.09
9,082.03

0.00 0.00

0.00 9,082.03
9,082.03
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 37

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
9,782.79

0.00 19,565.57
9,782.79

0.00 0.00

0.00 9,782.79
9,782.79
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
74,434.07

0.00 487.02
(73,947.04)

0.00 0.00

0.00 (73,947.04)
(73,947.04)
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
90,666.44

0.00 113,895.03
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
60,911.60

0.00 81,892.27
20,980.66

0.00 0.00

0.00 20,980.66
20,980.66
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
02/23/2023
02/28/2023
7,000,000.00
6,949,960.94

0.00 0.00
6,949,960.94
47,173.91

0.00 70,760.87
23,586.96

0.00 0.00

0.00 23,586.96
23,586.96
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
105,961.54

0.00 693.31
(105,268.23)

0.00 0.00

0.00 (105,268.23)
(105,268.23)
91282CHX2 UNITED STATES TREASURY

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

0.00 0.00
1,879,960.94
14,004.76

0.00 21,007.13
7,002.38

0.00 0.00

0.00 7,002.38
7,002.38
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
22,720.63

0.00 45,441.26
22,720.63

0.00 0.00

0.00 22,720.63
22,720.63
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
264.95

0.00 8,478.26
8,213.32

0.00 0.00

0.00 8,213.32
8,213.32
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 38

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CJN2 UNITED STATES TREASURY

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

0.00 0.00
3,482,875.00
62,115.38

0.00 406.42
(61,708.96)

0.00 0.00

0.00 (61,708.96)
(61,708.96)
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
137,879.83

0.00 173,204.42
35,324.59

0.00 0.00

0.00 35,324.59
35,324.59
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
49,723.76

0.00 66,850.83
17,127.07

0.00 0.00

0.00 17,127.07
17,127.07
91282CKD2 UNITED STATES TREASURY

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

0.00 0.00
6,985,234.38
50,122.28

0.00 75,183.42
25,061.14

0.00 0.00

0.00 25,061.14
25,061.14
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
24,456.97

0.00 48,913.93
24,456.97

0.00 0.00

0.00 24,456.97
24,456.97
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
879.76

0.00 28,152.17
27,272.42

0.00 0.00

0.00 27,272.42
27,272.42
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
82,681.32

0.00 540.98
(82,140.34)

0.00 0.00

0.00 (82,140.34)
(82,140.34)
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
56,823.20

0.00 71,381.22
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
48,858.70

0.00 73,288.04
24,429.35

0.00 0.00

0.00 24,429.35
24,429.35
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 39

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
25,198.09

0.00 50,396.17
25,198.09

0.00 0.00

0.00 25,198.09
25,198.09
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
77,513.74

0.00 507.17
(77,006.56)

0.00 0.00

0.00 (77,006.56)
(77,006.56)
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
02/07/2025
02/10/2025
4,500,000.00
4,483,300.78

0.00 0.00
4,483,300.78
47,548.34

0.00 63,926.11
16,377.76

0.00 0.00

0.00 16,377.76
16,377.76
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/20/2025
05/21/2025
5,000,000.00

0.00 4,958,398.44

0.00 4,958,398.44

0.00 (11,056.39)
16,847.83
5,791.44

0.00 0.00

0.00 5,791.44
5,791.44
91324PEC2 UNITEDHEALTH GROUP INC

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

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

0.00 0.00

0.00 771.46
771.46
91324PEG3 UNITEDHEALTH GROUP INC

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

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

0.00 0.00

0.00 4,208.75
4,208.75
91324PEP3 UNITEDHEALTH GROUP INC

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

0.00 0.00
1,532,220.00
16,625.00

0.00 23,187.50
6,562.50

0.00 0.00

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

0.00 0.00
2,329,653.76
4,442.53
8,329.75
4,442.53
8,329.75

0.00 0.00

0.00 8,329.75
8,329.75
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
785,000.00
783,516.35

0.00 0.00
783,516.35
1,007.42

0.00 1,694.29
686.88

0.00 0.00

0.00 686.88
686.88
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 40

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
Total Fixed Income 411,108,104.27
404,970,127.68
15,589,599.76
(14,082,042.96)
406,477,684.48
2,807,846.06
699,735.01
2,822,499.11
714,388.06

0.00 0.00

0.00 714,388.06 714,388.06
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 38,001,691.86
19,701,691.86
36,700,000.00
(18,400,000.00)
38,001,691.86

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total LAIF 38,001,691.86
19,701,691.86
36,700,000.00
(18,400,000.00)
38,001,691.86

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
TOTAL PORTFOLIO 451,531,373.20
427,485,679.41
62,923,164.66
(44,058,272.31)
446,900,953.41
2,807,846.06
717,149.43
2,822,499.11
731,802.48

0.00 0.00

0.00 731,802.48 731,802.48
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 41

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JUNE 2025
06/02/2025 Coupon 91282CHE4 0.00 UNITED STATES TREASURY 3.625 05/31/2028 126,875.00 126,875.00 06/02/2025 Coupon 91282CFZ9 0.00 UNITED STATES TREASURY 3.875 11/30/2027 89,125.00 89,125.00 06/02/2025 Coupon 91282CMA6 0.00 UNITED STATES TREASURY 4.125 11/30/2029 92,812.50 92,812.50 06/02/2025 Coupon 91282CJN2 0.00 UNITED STATES TREASURY 4.375 11/30/2028 74,375.00 74,375.00 06/02/2025 Coupon 91282CKT7 0.00 UNITED STATES TREASURY 4.5 05/31/2029 99,000.00 99,000.00 06/03/2025 Dividend 60934N807 0.00 14,215.70 14,215.70
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 06/16/2025 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 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,859.02 12,859.02 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 26,814.05 GMCAR 2021-4 A3 0.68 09/16/2026 31.15 31.15 06/16/2025 Principal Paydown 362554AC1 26,814.05 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 44,453.46 GMCAR 2022-1 A3 1.26 11/16/2026 55.96 55.96 06/16/2025 Principal Paydown 380146AC4 44,453.46 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 164,859.78 HAROT 2022-1 A3 1.88 05/15/2026 258.28 258.28 06/16/2025 Principal Paydown 43815BAC4 164,859.78 HAROT 2022-1 A3 1.88 05/15/2026 60,197.13 60,197.13 06/16/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 06/16/2025 Coupon 448977AD0 142,072.00 HART 2022-A A3 2.22 10/15/2026 262.83 262.83 06/16/2025 Principal Paydown 448977AD0 142,072.00 HART 2022-A A3 2.22 10/15/2026 51,557.00 51,557.00 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 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 06/16/2025 Coupon 44935WAD9 2,090,000.00 HALST 2025-A 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 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 42

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/16/2025 Coupon 47787JAC2 128,017.01 JDOT 2022 A3 2.32 09/15/2026 254.09 254.09 06/16/2025 Principal Paydown 47787JAC2 128,017.01 JDOT 2022 A3 2.32 09/15/2026 25,892.03 25,892.03 06/16/2025 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 5,883.46 5,883.46 06/16/2025 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 91,183.63 91,183.63 06/16/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 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 1,500,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 06/17/2025 3,750.00 3,750.00
06/17/2025 Final Maturity 3135G04Z3 1,500,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 06/17/2025 1,500,000.00 1,500,000.00
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 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 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 359.48 359.48 06/25/2025 Principal Paydown 05602RAD3 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 36,134.42 36,134.42 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 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 06/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 06/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 06/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 06/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 06/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 06/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 06/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 06/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 43

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 1,825,039.79 1,734,255.17 3,559,294.96
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 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 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 164,859.78 HAROT 2022-1 A3 1.88 05/15/2026 163.97 163.97 07/15/2025 Principal Paydown 43815BAC4 164,859.78 HAROT 2022-1 A3 1.88 05/15/2026 58,972.97 58,972.97 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 142,072.00 HART 2022-A A3 2.22 10/15/2026 167.45 167.45 07/15/2025 Principal Paydown 448977AD0 142,072.00 HART 2022-A A3 2.22 10/15/2026 50,593.17 50,593.17 07/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 07/15/2025 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 07/15/2025 Coupon 44935WAD9 2,090,000.00 HALST 2025-A 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 128,017.01 JDOT 2022 A3 2.32 09/15/2026 204.04 204.04 07/15/2025 Principal Paydown 47787JAC2 128,017.01 JDOT 2022 A3 2.32 09/15/2026 30,661.60 30,661.60 07/15/2025 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 5,502.77 5,502.77 07/15/2025 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 97,093.83 97,093.83 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 44

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 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 Dividend 90LAIF$00 38,001,691.86 Local Agency Investment Fund State Pool 160,323.67 160,323.67 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 26,814.05 GMCAR 2021-4 A3 0.68 09/16/2026 17.86 17.86 07/16/2025 Principal Paydown 362554AC1 26,814.05 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 44,453.46 GMCAR 2022-1 A3 1.26 11/16/2026 32.44 32.44 07/16/2025 Principal Paydown 380146AC4 44,453.46 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
07/18/2025 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 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 262.82 262.82 07/25/2025 Principal Paydown 05602RAD3 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 35,169.12 35,169.12 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 31,669.42 31,669.42 07/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 07/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 07/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 07/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 07/25/2025 Coupon 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 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 45

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 6,808,927.69 1,085,207.06 7,894,134.75
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 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 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 08/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 08/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 08/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 08/15/2025 Coupon 171239AL0 3,700,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 86,025.00 86,025.00 08/15/2025 Coupon 30303M8S4 2,280,000.00 META PLATFORMS INC 4.3 08/15/2029 49,020.00 49,020.00 08/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 08/15/2025 Coupon 43815BAC4 164,859.78 HAROT 2022-1 A3 1.88 05/15/2026 71.58 71.58 08/15/2025 Effective Maturity 43815BAC4 164,859.78 HAROT 2022-1 A3 1.88 05/15/2026 45,689.69 45,689.69 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 142,072.00 HART 2022-A A3 2.22 10/15/2026 73.86 73.86 08/15/2025 Effective Maturity 448977AD0 142,072.00 HART 2022-A A3 2.22 10/15/2026 39,921.84 39,921.84 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 46

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 08/15/2025 Coupon 44935WAD9 2,090,000.00 HALST 2025-A 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 128,017.01 JDOT 2022 A3 2.32 09/15/2026 144.76 144.76 08/15/2025 Principal Paydown 47787JAC2 128,017.01 JDOT 2022 A3 2.32 09/15/2026 27,780.91 27,780.91 08/15/2025 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 5,097.40 5,097.40 08/15/2025 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 89,606.25 89,606.25 08/15/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 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 26,814.05 GMCAR 2021-4 A3 0.68 09/16/2026 5.09 5.09 08/18/2025 Effective Maturity 362554AC1 26,814.05 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 44,453.46 GMCAR 2022-1 A3 1.26 11/16/2026 9.43 9.43 08/18/2025 Effective Maturity 380146AC4 44,453.46 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 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 168.74 168.74 08/25/2025 Principal Paydown 05602RAD3 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 34,009.62 34,009.62 08/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 7,338.57 7,338.57 08/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 152,549.05 152,549.05 08/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 08/25/2025 Coupon 3135G05X7 6,285,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 11,784.38 11,784.38
08/25/2025 Final Maturity 3135G05X7 6,285,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 6,285,000.00 6,285,000.00
08/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 08/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 08/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 08/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 47

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 6,692,516.93 956,550.65 7,649,067.57
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 09/05/2025 Coupon 02665WFY2 3,500,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 84,000.00 84,000.00
09/09/2025 Coupon 57636QAW4 2,090,000.00 MASTERCARD INC 4.875 03/09/2028 50,943.75 50,943.75 09/10/2025 Coupon 89114TZT2 1,900,000.00 TORONTO-DOMINION BANK 2.8 03/10/2027 26,600.00 26,600.00 09/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 09/15/2025 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 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 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 48

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 09/15/2025 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 09/15/2025 Coupon 44935WAD9 2,090,000.00 HALST 2025-A 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 128,017.01 JDOT 2022 A3 2.32 09/15/2026 91.05 91.05 09/15/2025 Principal Paydown 47787JAC2 128,017.01 JDOT 2022 A3 2.32 09/15/2026 27,058.13 27,058.13 09/15/2025 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 4,723.30 4,723.30 09/15/2025 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 92,279.84 92,279.84 09/15/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 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 09/22/2025 Coupon 459058LR2 4,500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 92,812.50 92,812.50
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 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 77.77 77.77 09/25/2025 Principal Paydown 05602RAD3 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 28,820.03 28,820.03 09/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 6,705.49 6,705.49 09/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 149,834.51 149,834.51 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 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 49

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 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 6,592,992.51 1,828,121.32 8,421,113.84
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 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 10/15/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 10/15/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 10/15/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 10/15/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,913.63 14,913.63 10/15/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 177,422.66 177,422.66 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 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 50

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2025 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 10/15/2025 Coupon 44935WAD9 2,090,000.00 HALST 2025-A 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 128,017.01 JDOT 2022 A3 2.32 09/15/2026 38.73 38.73 10/15/2025 Effective Maturity 47787JAC2 128,017.01 JDOT 2022 A3 2.32 09/15/2026 20,035.19 20,035.19 10/15/2025 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 4,338.03 4,338.03 10/15/2025 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 109,733.83 109,733.83 10/15/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 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 59,335.63 59,335.63 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 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 0.67 0.67 10/27/2025 Effective Maturity 05602RAD3 130,675.31 BMWOT 2022-A A3 3.21 08/25/2026 251.45 251.45 10/27/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 6,083.68 6,083.68 10/27/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 150,757.73 150,757.73 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 6,384.50 6,384.50 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 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 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 51

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 10/31/2025 Coupon 91282CMZ1 5,000,000.00 UNITED STATES TREASURY 3.875 04/30/2030 96,875.00 96,875.00 October 2025 Total 12,823,920.98 874,142.06 13,698,063.05 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 69371RT71 4,000,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 91,000.00 91,000.00 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 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 11/17/2025 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 11/17/2025 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 11/17/2025 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 11/17/2025 Coupon 26442CAX2 3,280,000.00 DUKE ENERGY CAROLINAS LLC 3.95 11/15/2028 64,780.00 64,780.00
11/17/2025 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 7,782.89 7,782.89 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 52

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/17/2025 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 85,129.15 85,129.15 11/17/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 14,143.32 14,143.32 11/17/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 194,412.62 194,412.62 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 150,316.00 150,316.00 11/17/2025 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 11/17/2025 Coupon 44935WAD9 2,090,000.00 HALST 2025-A 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 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 3,879.89 3,879.89 11/17/2025 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 128,329.12 128,329.12 11/17/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 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 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 58,791.31 58,791.31 11/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 5,458.04 5,458.04 11/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 156,885.27 156,885.27 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 7,783.40 7,783.40 11/25/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,084.65 6,084.65 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 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 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 53

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 11/28/2025 Coupon 74153WCW7 3,250,000.00 PRICOA GLOBAL FUNDING I 4.7 05/28/2030 76,375.00 76,375.00 November 2025
Total 7,079,948.12 723,748.30 7,803,696.42
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 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 12/15/2025 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 12/15/2025 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 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 13,299.24 13,299.24 12/15/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 183,834.80 183,834.80 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 6,603.28 6,603.28 12/15/2025 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 174,189.63 174,189.63 12/15/2025 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 12/15/2025 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,412.25 8,412.25 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 54

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 3,344.12 3,344.12 12/15/2025 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 85,779.83 85,779.83 12/15/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 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 7,438.83 7,438.83 12/16/2025 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 100,058.22 100,058.22 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 6,450.97 6,450.97 12/22/2025 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 156,825.64 156,825.64 12/25/2025 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,806.96 4,806.96 12/25/2025 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 134,404.40 134,404.40 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 7,767.58 7,767.58 12/25/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,414.96 6,414.96 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 2,982.26 2,982.26 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 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 55

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 844,489.74 1,767,742.37 2,612,232.11
JANUARY 2026
01/09/2026 Coupon 89236TNA9 3,655,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 90,461.25 90,461.25 01/12/2026 Coupon 59217GER6 2,485,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 1.875 01/11/2027 23,296.88 23,296.88
01/12/2026 Coupon 66815L2Q1 2,400,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.71 01/10/2029 56,520.00 56,520.00
01/15/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 01/15/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 01/15/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 01/15/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 01/15/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 01/15/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 12,501.09 12,501.09 01/15/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 180,221.66 180,221.66 01/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 01/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 52,076.66 52,076.66 01/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 5,817.98 5,817.98 01/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 174,045.31 174,045.31 01/15/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 01/15/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,412.25 8,412.25 01/15/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 01/15/2026 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 2,985.99 2,985.99 01/15/2026 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 97,401.39 97,401.39 01/15/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 01/15/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,810.73 4,810.73 01/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 65,407.53 65,407.53 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 56

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2026 Coupon 756109AU8 4,500,000.00 REALTY INCOME CORP 3.65 01/15/2028 82,125.00 82,125.00 01/15/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 01/16/2026 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 7,034.43 7,034.43 01/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 98,324.80 98,324.80 01/16/2026 Coupon 57629WDE7 2,272,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 13,632.00 13,632.00
01/19/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 6,214.21 6,214.21 01/19/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 76,110.63 76,110.63 01/20/2026 Coupon 24422EWR6 2,450,000.00 JOHN DEERE CAPITAL CORP 4.75 01/20/2028 58,187.50 58,187.50 01/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 5,746.56 5,746.56 01/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 223,696.98 223,696.98 01/20/2026 Coupon 57629W5B2 2,140,000.00 MASSMUTUAL GLOBAL FUNDING II 4.85 01/17/2029 51,895.00 51,895.00
01/23/2026 Coupon 46647PAM8 3,300,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 57,898.50 57,898.50 01/26/2026 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,249.18 4,249.18 01/26/2026 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 245,682.97 245,682.97 01/26/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 01/26/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 11,634.23 11,634.23 01/26/2026 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 01/26/2026 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,750.90 7,750.90 01/26/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 123,193.63 123,193.63 01/26/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,991.05 8,991.05 01/26/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,253.30 5,253.30 01/26/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 01/26/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 01/26/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 01/26/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 01/26/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 01/26/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 01/26/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 01/26/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 01/26/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 57

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount January 2026 Total 1,353,049.09 724,918.07 2,077,967.16 FEBRUARY 2026
02/02/2026 Coupon 13063EGT7 4,395,000.00 CALIFORNIA STATE 4.5 08/01/2029 98,887.50 98,887.50 02/02/2026 Coupon 61747YFA8 2,650,000.00 MORGAN STANLEY 5.123 02/01/2029 67,879.75 67,879.75 02/02/2026 Coupon 78016HZS2 3,500,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 91,000.00 91,000.00 02/02/2026 Coupon 91282CFB2 1,300,000.00 UNITED STATES TREASURY 2.75 07/31/2027 17,875.00 17,875.00 02/02/2026 Coupon 91282CGH8 7,000,000.00 UNITED STATES TREASURY 3.5 01/31/2028 122,500.00 122,500.00 02/02/2026 Coupon 91282CJW2 5,000,000.00 UNITED STATES TREASURY 4.0 01/31/2029 100,000.00 100,000.00 02/02/2026 Coupon 91282CMG3 4,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 95,625.00 95,625.00 02/09/2026 Coupon 63743HFN7 2,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.85 02/07/2029 60,625.00 60,625.00
02/10/2026 Coupon 69371RS64 1,670,000.00 PACCAR FINANCIAL CORP 4.95 08/10/2028 41,332.50 41,332.50 02/16/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 02/16/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 02/16/2026 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 6,637.03 6,637.03 02/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 97,264.63 97,264.63 02/16/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 11,718.63 11,718.63 02/16/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 177,588.18 177,588.18 02/16/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,100.11 8,100.11 02/16/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 108,256.04 108,256.04 02/16/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 5,033.32 5,033.32 02/16/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 118,183.88 118,183.88 02/16/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 02/16/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,412.25 8,412.25 02/16/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 02/16/2026 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 2,579.34 2,579.34 02/16/2026 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 64,412.90 64,412.90 02/16/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 02/16/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,520.76 4,520.76 02/16/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 74,389.72 74,389.72 02/17/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 02/17/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 58

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/17/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 02/17/2026 Coupon 171239AL0 3,700,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 86,025.00 86,025.00 02/17/2026 Coupon 30303M8S4 2,280,000.00 META PLATFORMS INC 4.3 08/15/2029 49,020.00 49,020.00 02/17/2026 Coupon 91324PEP3 1,500,000.00 UNITEDHEALTH GROUP INC 5.25 02/15/2028 39,375.00 39,375.00 02/17/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 02/18/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 5,879.96 5,879.96 02/18/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 79,194.45 79,194.45 02/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 4,741.79 4,741.79 02/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 194,061.27 194,061.27 02/25/2026 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 3,229.60 3,229.60 02/25/2026 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 194,609.91 194,609.91 02/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 7,957.20 7,957.20 02/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 102,981.93 102,981.93 02/25/2026 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 02/25/2026 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,430.60 7,430.60 02/25/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 25,248.09 25,248.09 02/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,975.29 8,975.29 02/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,269.12 5,269.12 02/25/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 02/25/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 02/25/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 02/25/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 02/25/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 02/25/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 02/25/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 02/25/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 02/25/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 02/26/2026 Coupon 17275RBR2 1,960,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 47,530.00 47,530.00 02/27/2026 Coupon 14913UAJ9 2,500,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 60,625.00 60,625.00
February 2026
Total 1,241,460.13 1,263,579.11 2,505,039.25
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 59

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MARCH 2026
03/02/2026 Coupon 74456QBX3 3,000,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 54,750.00 54,750.00
03/02/2026 Coupon 91282CCW9 1,570,000.00 UNITED STATES TREASURY 0.75 08/31/2026 5,887.50 5,887.50 03/02/2026 Coupon 91282CFH9 3,450,000.00 UNITED STATES TREASURY 3.125 08/31/2027 53,906.25 53,906.25 03/02/2026 Coupon 91282CGP0 7,000,000.00 UNITED STATES TREASURY 4.0 02/29/2028 140,000.00 140,000.00 03/02/2026 Coupon 91282CHX2 1,900,000.00 UNITED STATES TREASURY 4.375 08/31/2028 41,562.50 41,562.50 03/02/2026 Coupon 91282CKD2 7,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 148,750.00 148,750.00 03/02/2026 Coupon 91282CLK5 8,000,000.00 UNITED STATES TREASURY 3.625 08/31/2029 145,000.00 145,000.00 03/05/2026 Coupon 02665WFY2 3,500,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 84,000.00 84,000.00
03/09/2026 Coupon 57636QAW4 2,090,000.00 MASTERCARD INC 4.875 03/09/2028 50,943.75 50,943.75 03/10/2026 Coupon 89114TZT2 1,900,000.00 TORONTO-DOMINION BANK 2.8 03/10/2027 26,600.00 26,600.00 03/16/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 03/16/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 03/16/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 03/16/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 03/16/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 03/16/2026 Coupon 26442UAH7 1,500,000.00 DUKE ENERGY PROGRESS LLC 3.45 03/15/2029 25,875.00 25,875.00 03/16/2026 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 6,243.92 6,243.92 03/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 94,247.65 94,247.65 03/16/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 10,947.60 10,947.60 03/16/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 172,163.01 172,163.01 03/16/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 7,649.95 7,649.95 03/16/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 104,833.93 104,833.93 03/16/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 4,500.51 4,500.51 03/16/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 133,618.77 133,618.77 03/16/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 03/16/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,412.25 8,412.25 03/16/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,100.00 9,100.00 03/16/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 13,198.91 13,198.91 03/16/2026 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 2,310.41 2,310.41 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 60

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/16/2026 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 57,475.87 57,475.87 03/16/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 03/16/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 4,190.96 4,190.96 03/16/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 70,067.21 70,067.21 03/16/2026 Coupon 58989V2D5 1,715,000.00 MET TOWER GLOBAL FUNDING 1.25 09/14/2026 10,718.75 10,718.75
03/16/2026 Coupon 880591EZ1 3,500,000.00 TENNESSEE VALLEY AUTHORITY 3.875 03/15/2028 67,812.50 67,812.50
03/16/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 03/17/2026 Coupon 931142ER0 785,000.00 WALMART INC 1.05 09/17/2026 4,121.25 4,121.25 03/18/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 5,532.16 5,532.16 03/18/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 76,732.02 76,732.02 03/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 3,870.13 3,870.13 03/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 179,511.25 179,511.25 03/20/2026 Coupon 459058LR2 4,500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 92,812.50 92,812.50
03/25/2026 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 2,421.97 2,421.97 03/25/2026 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 197,135.65 197,135.65 03/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 7,512.66 7,512.66 03/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 99,801.12 99,801.12 03/25/2026 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 03/25/2026 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,364.95 7,364.95 03/25/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 222,292.31 222,292.31 03/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,959.49 8,959.49 03/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 6,456.70 6,456.70 03/25/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 03/25/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 03/25/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 03/25/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 03/25/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 03/25/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 03/25/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 61

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/25/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 03/25/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 03/26/2026 Coupon 40139LBJ1 3,050,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 63,729.75 63,729.75
03/31/2026 Coupon 91282CCZ2 3,130,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,693.75 13,693.75 03/31/2026 Coupon 91282CFM8 2,800,000.00 UNITED STATES TREASURY 4.125 09/30/2027 57,750.00 57,750.00 03/31/2026 Coupon 91282CJA0 5,800,000.00 UNITED STATES TREASURY 4.625 09/30/2028 134,125.00 134,125.00 03/31/2026 Coupon 91282CKG5 7,000,000.00 UNITED STATES TREASURY 4.125 03/31/2029 144,375.00 144,375.00 03/31/2026 Coupon 91282CLN9 8,500,000.00 UNITED STATES TREASURY 3.5 09/30/2029 148,750.00 148,750.00 March 2026 Total 1,427,534.41 1,795,143.95 3,222,678.36 APRIL 2026
04/06/2026 Coupon 89115A2Y7 2,330,000.00 TORONTO-DOMINION BANK 4.994 04/05/2029 58,180.10 58,180.10 04/13/2026 Coupon 58989V2H6 2,000,000.00 MET TOWER GLOBAL FUNDING 5.25 04/12/2029 52,500.00 52,500.00
04/15/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 04/15/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 04/15/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 04/15/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 04/15/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 04/15/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 10,200.13 10,200.13 04/15/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 177,627.69 177,627.69 04/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 7,214.02 7,214.02 04/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 110,317.54 110,317.54 04/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 3,898.11 3,898.11 04/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 234,799.11 234,799.11 04/15/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 04/15/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,412.25 8,412.25 04/15/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 9,042.80 9,042.80 04/15/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 147,957.86 147,957.86 04/15/2026 Coupon 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 2,070.45 2,070.45 04/15/2026 Principal Paydown 47800CAC0 1,409,212.66 JDOT 2023 A3 5.01 11/15/2027 69,866.07 69,866.07 04/15/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 62

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 3,880.33 3,880.33 04/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 78,135.11 78,135.11 04/15/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 04/16/2026 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 5,863.00 5,863.00 04/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 98,940.47 98,940.47 04/16/2026 Coupon 459058LN1 4,500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 87,187.50 87,187.50
04/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 3,063.83 3,063.83 04/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 195,228.91 195,228.91 04/20/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 5,195.18 5,195.18 04/20/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 79,529.71 79,529.71 04/20/2026 Coupon 4581X0DV7 6,390,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 27,956.25 27,956.25
04/20/2026 Final Maturity 4581X0DV7 6,390,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 6,390,000.00 6,390,000.00
04/27/2026 Coupon 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 1,603.86 1,603.86 04/27/2026 Principal Paydown 05611UAD5 1,800,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 215,685.20 215,685.20 04/27/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 7,081.85 7,081.85 04/27/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 100,351.48 100,351.48 04/27/2026 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 04/27/2026 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,786.99 6,786.99 04/27/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 5,401.85 5,401.85 04/27/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,940.12 8,940.12 04/27/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,305.17 5,305.17 04/27/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 04/27/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 04/27/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 04/27/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 04/27/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 04/27/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 04/27/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 04/27/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 63

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/27/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 04/30/2026 Coupon 91282CDG3 3,120,000.00 UNITED STATES TREASURY 1.125 10/31/2026 17,550.00 17,550.00 04/30/2026 Coupon 91282CJF9 2,000,000.00 UNITED STATES TREASURY 4.875 10/31/2028 48,750.00 48,750.00 04/30/2026 Coupon 91282CKP5 7,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 161,875.00 161,875.00 04/30/2026 Coupon 91282CMZ1 5,000,000.00 UNITED STATES TREASURY 3.875 04/30/2030 96,875.00 96,875.00 April 2026 Total 7,909,146.17 825,090.25 8,734,236.42
Grand Total 1,794,289,489.38 54,599,025.58 13,578,498.32 68,177,523.89 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/05/2025 09:31:16 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 64

IMPORTANT DISCLOSURES
City of Corona Cons Account | Account #10003 | As of May 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: F8CE4969-96F2-4E5C-9496-EC0AA593E801

* 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 50,495,000.00 44,447,848.22 44,143,204.85 9.89% 3.39 1239 4.40Agency 33,180,000.00 32,913,907.35 33,076,554.85 7.32% 0.79 290 4.26Agency CMBS 47,415,000.00 45,927,870.90 45,002,979.99 10.22% 3.08 1124 4.22Cash 656,726.88 656,726.88 656,726.88 0.15% 0.00 0 0.00Corporate 110,662,000.00 110,372,061.78 109,441,677.34 24.56% 3.32 1213 4.43LAIF 38,001,691.86 38,001,691.86 38,001,691.86 8.46% 0.00 0 --- Money Market Fund 1,764,850.19 1,764,850.19 1,764,850.19 0.39% 0.00 0 3.97Municipal Bonds 4,395,000.00 4,438,862.10 4,418,161.65 0.99% 4.17 1523 4.24Supranational 21,690,000.00 21,408,272.18 21,544,534.65 4.76% 2.31 842 4.19US Treasury 149,620,000.00 149,481,522.24 148,850,571.15 33.26% 3.25 1189 3.93--- 457,880,268.93 449,413,613.71 446,900,953.41 100.00% 2.76 1007 4.18 Corona Supplemental City of Corona ConsAgg (362432)As of 05/31/2025 Dated: 06/05/2025 1 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

MONTHLY ACCOUNT STATEMENT
City of Corona Pension Stabilization Trust | Account #10952 | As of May 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: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 2

PORTFOLIO SUMMARY
Performance Review
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (08/01/22)
Corona Pension Trust 4.11% (0.35%) 1.30% 8.81% 13.85% -- -- -- 10.68% Benchmark Return 2.51% 1.38% 4.44% 10.03% 11.40% -- -- -- 8.31% **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
End Values as of
04/30/2025
End Values as of
05/31/2025
Market Value 50,902,024.38 52,993,478.73
Accrued Interest 0.00 0.00
Total Market Value 50,902,024.38 52,993,478.73
Income Earned 33,729.01 33,225.62
Cont/WD 0.00 0.00
Par 627,237.98 620,079.03
Book Value 43,597,582.39 43,722,365.86
Cost Value 43,597,582.39 43,722,365.86

TOP ISSUERS
iShares Trust - iShares Core S&P 500 30.94%
Vanguard Bond Index Funds - Vanguard 16.48%
iShares Trust - iShares Core S&P Mid 14.90%
Vanguard Index Funds - Vanguard Smal 13.00%
Vanguard Tax-Managed Funds - Vanguar 10.36%
Vanguard Specialized Funds - Vanguar 8.02%
Total 93.70%
Asset Allocation
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM 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 18.7 Compliant
Min % (MV; Cash & Fixed Income) 10.0 18.7 Compliant

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

EQUITIES
Max % (MV) 80.0 71.2 Compliant
Min % (MV) 50.0 71.2 Compliant

FIXED INCOME
Max % (MV; Cash & Fixed Income) 30.0 18.7 Compliant
Min % (MV; Cash & Fixed Income) 10.0 18.7 Compliant
Min Rating (BBB- by 1) 0.0 0.0 Compliant
REITS
Max % (MV) 15.0 10.1 Compliant
Min % (MV) 0.0 10.1 Compliant
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM 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 105,489.03 --

0.00%
105,489.03
105,489.03

1.00 0.00%
105,489.03

0.00 0.20%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 105,489.03 0.00%
105,489.03
105,489.03

1.00 0.00%
105,489.03

0.00 0.20%

0.00 0.00

0.00 EMERGING

MARKET EQUITY
922042858 VANGUARD EM ST I ETF 22,450.00 --

0.00%
884,907.12
884,907.12

47.00 0.00%
1,055,150.00

0.00 1.99%
170,242.89
NA/NA
NA 0.00
Total Emerging
Market Equity 22,450.00 0.00%
884,907.12
884,907.12

47.00 0.00%
1,055,150.00

0.00 1.99%
170,242.89 0.00

INTERNATIONAL
EQUITY
921943858 VANGUARD DEV MKT ETF 98,750.00 --

0.00%
4,266,381.44
4,266,381.44

55.58 0.00%
5,488,525.00

0.00 10.36%
1,222,143.56
NA/NA
NA 0.00
Total International
Equity 98,750.00 0.00%
4,266,381.44
4,266,381.44

55.58 0.00%
5,488,525.00

0.00 10.36%
1,222,143.56 0.00

INTERNATIONAL

REAL ESTATE
922042676 VANGUARD GXUS RE ETF 25,315.00 --

0.00%
1,043,765.11
1,043,765.11

44.17 0.00%
1,118,163.55

0.00 2.11%
74,398.44
NA/NA
NA 0.00
Total International
Real Estate 25,315.00 0.00%
1,043,765.11
1,043,765.11

44.17 0.00%
1,118,163.55

0.00 2.11%
74,398.44 0.00

LARGE CAP US
EQUITY
464287200 ISHARES:CORE S&P 500 27,685.00 --

0.00%
11,327,322.90
11,327,322.90
592.15

0.00%
16,393,672.75

0.00 30.94%
5,066,349.85
NA/NA
NA 0.00
Total Large Cap US
Equity 27,685.00 0.00%
11,327,322.90
11,327,322.90
592.15

0.00%
16,393,672.75

0.00 30.94%
5,066,349.85 0.00

MID CAP US
EQUITY
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM 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 131,550.00 --

0.00%
6,422,098.29
6,422,098.29

60.04 0.00%
7,898,262.00

0.00 14.90%
1,476,163.71
NA/NA
NA 0.00
Total Mid Cap US
Equity 131,550.00 0.00%
6,422,098.29
6,422,098.29

60.04 0.00%
7,898,262.00

0.00 14.90%
1,476,163.71 0.00

REAL ESTATE
922908553 VANGUARD RE IDX ETF 47,600.00 --

0.00%
4,143,783.55
4,143,783.55

89.32 0.00%
4,251,632.00

0.00 8.02%
107,848.45
NA/NA
NA 0.00
Total Real Estate 47,600.00 0.00%
4,143,783.55
4,143,783.55

89.32 0.00%
4,251,632.00

0.00 8.02%
107,848.45 0.00

SMALL CAP US
EQUITY
922908751 VANGUARD S-C ID ETF 30,200.00 --

0.00%
5,770,653.20
5,770,653.20
228.19

0.00%
6,891,338.00

0.00 13.00%
1,120,684.81
NA/NA
NA 0.00
Total Small Cap US
Equity 30,200.00 0.00%
5,770,653.20
5,770,653.20
228.19

0.00%
6,891,338.00

0.00 13.00%
1,120,684.81 0.00

US CORE BONDS
921937835 VANGUARD TOT BD ETF 120,000.00 --

0.00%
8,735,589.28
8,735,589.28

72.77 0.00%
8,732,400.00

0.00 16.48%
(3,189.28)
NA/NA
NA 0.00
Total US Core
Bonds 120,000.00 0.00%
8,735,589.28
8,735,589.28

72.77 0.00%
8,732,400.00

0.00 16.48%
(3,189.28) 0.00

US HIGH YIELD
BONDS
78468R622 SPDR BBG HIGH YIELD BD 11,040.00 --

0.00%
1,022,375.95
1,022,375.95

95.91 0.00%
1,058,846.40

0.00 2.00%
36,470.45
NA/NA
NA 0.00
Total US High Yield
Bonds 11,040.00 0.00%
1,022,375.95
1,022,375.95

95.91 0.00%
1,058,846.40

0.00 2.00%
36,470.45 0.00
Total Portfolio 620,079.03 0.00%
43,722,365.86
43,722,365.86
250.51

0.00%
52,993,478.73

0.00 100.00%
9,271,112.87

0.00 0.00
Total Market Value
+ Accrued 52,993,478.73
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 6

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

ACQUISITIONS
Purchase 05/30/2025 922908553 2,385.00 VANGUARD RE IDX ETF 89.087 0.00% (212,473.05) 0.00 (212,473.05) 0.00 Purchase 05/30/2025 921937835 3,350.00 VANGUARD TOT BD ETF 72.620 0.00% (243,277.00) 0.00 (243,277.00) 0.00 Purchase 05/30/2025 78468R622 355.00 SPDR BBG HIGH YIELD BD 95.785 0.00% (34,003.68) 0.00 (34,003.68) 0.00 Total Purchase 6,090.00 (489,753.73) 0.00 (489,753.73) 0.00 TOTAL
ACQUISITIONS 6,090.00 (489,753.73) 0.00 (489,753.73) 0.00

DISPOSITIONS
Sale 05/30/2025 922908751 (1,950.00) VANGUARD S-C ID ETF 228.320 0.00% 445,223.88 0.00 445,223.88 91,552.58 Total Sale (1,950.00) 445,223.88 0.00 445,223.88 91,552.58 TOTAL
DISPOSITIONS (1,950.00) 445,223.88 0.00 445,223.88 91,552.58 OTHER

TRANSACTIONS
Equity Dividend 05/05/2025 921937835 0.00 VANGUARD TOT BD ETF 0.00% 27,572.68 0.00 27,572.68 0.00 Equity Dividend 05/06/2025 78468R622 0.00 SPDR BBG HIGH YIELD BD 0.00% 5,652.94 0.00 5,652.94 0.00 Total Equity
Dividend 0.00 33,225.62 0.00 33,225.62 0.00
Other Income 05/15/2025 CCYUSD 5.28 Cash 0.00% 5.28 0.00 5.28 0.00 Total Other
Income 5.28 5.28 0.00 5.28 0.00

TOTAL OTHER
TRANSACTIONS 5.28 33,230.90 0.00 33,230.90 0.00
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM 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
105,489.03
116,787.98

0.00 0.00
105,489.03

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 105,489.03
116,787.98

0.00 0.00
105,489.03

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
27,685.00
11,327,322.90

0.00 0.00
11,327,322.90

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
131,550.00
6,422,098.29

0.00 0.00
6,422,098.29

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 78468R622 SPDR BBG HIGH YIELD BD
11,040.00
988,372.27
34,003.68

0.00 1,022,375.95

0.00 5,652.94

0.00 5,652.94

0.00 0.00

0.00 5,652.94
5,652.94
921937835 VANGUARD TOT BD ETF
120,000.00
8,492,312.28
243,277.00

0.00 8,735,589.28

0.00 27,572.68

0.00 27,572.68

0.00 0.00

0.00 27,572.68
27,572.68
921943858 VANGUARD DEV MKT ETF
98,750.00
4,266,381.44

0.00 0.00
4,266,381.44

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922042676 VANGUARD GXUS RE ETF
25,315.00
1,043,765.11

0.00 0.00
1,043,765.11

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM 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
22,450.00
884,907.12

0.00 0.00
884,907.12

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922908553 VANGUARD RE IDX ETF
47,600.00
3,931,310.50
212,473.05

0.00 4,143,783.55

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922908751 VANGUARD S-C ID ETF
30,200.00
6,124,324.50

0.00 (353,671.31)
5,770,653.20

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Equity 514,590.00
43,480,794.41
489,753.73
(353,671.31)
43,616,876.83

0.00 33,225.62

0.00 33,225.62

0.00 0.00

0.00 33,225.62 33,225.62
TOTAL PORTFOLIO 620,079.03
43,597,582.39
489,753.73
(353,671.31)
43,722,365.86

0.00 33,225.62

0.00 33,225.62

0.00 0.00

0.00 33,225.62 33,225.62
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM 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 JUNE 2025
06/04/2025 Equity Dividend 921937835 120,000.00 VANGUARD TOT BD ETF 28,837.80 28,837.80 06/05/2025 Equity Dividend 78468R622 11,040.00 SPDR BBG HIGH YIELD BD 5,914.77 5,914.77 June 2025 Total 34,752.57 34,752.57
Grand Total 131,040.00 34,752.57 34,752.57
Docusign Envelope ID: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

IMPORTANT DISCLOSURES
City of Corona Pension Stabilization Trust | Account #10952 | As of May 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: F8CE4969-96F2-4E5C-9496-EC0AA593E801

Execution Time: 06/03/2025 09:46:32 AM 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: F8CE4969-96F2-4E5C-9496-EC0AA593E801

DATE: 08/06/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-295

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 MAY 2025
RECOMMENDED ACTION:

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

M E M O R A N D U M
August 6, 2025
TO:

FROM:

SUBJECT:

City Clerk
Julie Kennicutt
Deputy Finance Director
Monthly Fiscal Report, May 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 May 2025, subject to final audit.

Prepared By: Reviewed By:
_______________________________ _______________________________ Financial Analyst Accounting Manager
Respectfully submitted:
_______________________________ _______________________________ Deputy Finance Director Assistant City Manager
_______________________________
City Treasurer
Attachment
Docusign Envelope ID: 5EDF64A9-0746-4A9A-9F57-6918EAF20874

BEGINNING ENDING

DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 5,348,884.18 $ 64,787,271.91 $ 65,447,007.36 $ 4,689,148.73 Deposits in Transit (494,153.41) (461,242.31) (494,153.41) (461,242.31) Outstanding Checks (891,525.05) 2,430,680.63 (2,430,680.63) Fiscal Agents 73,411,920.11 43,360,663.04 51,905,788.68 Developer Escrow Accounts 2,231,086.08
891,525.05
21,854,531.61
2,231,086.08
Investments
Chandler Investment- City Account 408,783,987.55 30,820,520.03 29,705,246.03 409,899,261.55 Chandler Investment -Pension Trust Fund 42,597,582.38 124,783.48 42,722,365.86 LAIF 19,701,691.86 36,700,000.00 18,400,000.00 38,001,691.86 Investments Subtotal 471,083,261.79 67,645,303.51 48,105,246.03 490,623,319.27 Change Fund 10,248.00 10,248.00
Returned Checks 13,363.24 22,712.83 23,929.68 12,146.39 Credit Card Reconciling Items- Fees (2,427.28) 2,427.28 2,797.79 (2,797.79) TOTAL $ 550,710,657.66 $ 154,742,529.88 $ 158,876,171.12 $ 546,577,016.42 * For informational purpose only
May 31, 2025

CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: 5EDF64A9-0746-4A9A-9F57-6918EAF20874

ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED

ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 38,001,691.86 $ 38,001,691.86
Chandler Investment- City Account $ 409,899,261.55 $ 409,899,261.55 Chandler Investment -Pension Trust Fund $ 42,722,365.86 $ 42,722,365.86 Investment Total 490,623,319.27 490,623,319.27
General Account - Bank of America 4,241,125.20 (740,362.60) (2,203,536.81) 9,348.60 1,306,574.39 Worker's Comp Account - Bank of America 416,977.29 203,419.31 (120,396.60) 500,000.00 Fiscal Agent Accounts 51,905,788.68 51,905,788.68
Escrow Account 2,231,086.08 2,231,086.08
Cashiers Change 10,248.00 10,248.00

BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 549,428,544.52 $ (536,943.29) $ (2,323,933.41) $ 9,348.60 $ 546,577,016.42 Subject to final audit

CITY OF CORONA
Cash and Investment Status Report
May 31, 2025
Docusign Envelope ID: 5EDF64A9-0746-4A9A-9F57-6918EAF20874

General Fund $ 214,624,290.05
Special Revenue Funds

4.09E+08 14,251,955.51
42597582 18,048,265.67
Trip Reduction 2,151,555.41
Asset Forfeiture 373,808.24
Development 34,275,296.42
Residential Refuse/Recycling (840,457.25)
Landscape and Streetlight Maintenance 30,235,704.34
Other Grants and Endowments 13,922,984.39 112,419,112.73 Debt Service Funds
Public Financing Authority 691.39 691.39
Capital Project Funds
Housing/Community Development (957,230.90)
Planned Local Drainage 702,583.42
Other Grants (21,682,071.18)
Public Facility Project (4,340,412.67)
Corona Housing Authority 22,290,613.83 (3,986,517.50)
Enterprise Funds
Water Utility 42,012,373.81
Water Reclamation Utility 59,012,740.00
Transit (55,281.83)
Electric Utility 30,173,349.42
Airport 2,086,240.63 133,229,422.03
Internal Service Funds
Fleet Operations (14,815.96)
Workers' Compensation 22,212,334.92
Liability Risk 497,014.64
Warehouse Services 1,190,239.24
Information Technology 9,652,252.28 33,537,025.12
Fiduciary Funds
AD & CFD Bond Funds 49,340,554.43
AB109 PACT -
Successor Agency 7,412,438.17 56,752,992.60
Total All Funds 546,577,016.42 $
Subject to final audit

CITY OF CORONA
Cash Balance By Fund
May 31, 2025
Docusign Envelope ID: 5EDF64A9-0746-4A9A-9F57-6918EAF20874

MARKET BOOK PERCENT OF

INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 50,495,000.00 44,447,848.22 44,143,204.85 9.00%
Agency 33,180,000.00 32,913,907.35 33,076,554.85 6.74%
CMO 47,415,000.00 45,927,870.90 45,002,979.99 9.17%
Pension Trust 620,079.03 52,993,478.73 43,722,365.86 8.91% Receivable 656,726.88 656,726.88 656,726.88 0.13%
Corporate 110,662,000.00 110,372,061.78 109,441,677.34 22.31% LAIF 38,001,691.86 408,783,987.55 38,001,691.86 7.75%
Money Market Fund FI 1,764,850.19 42,597,582.38 1,764,850.19 0.36% Municipal Bonds 4,395,000.00 4,438,862.10 4,418,161.65 0.90% Supranational 21,690,000.00 21,408,272.18 21,544,534.65 4.39% US Treasury 149,620,000.00 149,481,522.24 148,850,571.15 30.34% TOTAL PORTFOLIO $ 458,500,347.96 914,022,120.32 $ 100.00% 490,623,319.27 Subject to final audit

CITY OF CORONA
Investment Portfolio Report
May 31, 2025
Docusign Envelope ID: 5EDF64A9-0746-4A9A-9F57-6918EAF20874

DATE: 08/06/2025
TO: Honorable Mayor and City Council Members
FROM: Housing and Homeless Solutions, City Manager’s Office 2025-299

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

FIRST AMENDMENT TO FIRST AMENDED AND RESTATED AGREEMENT WITH

MERCY HOUSE LIVING CENTERS
EXECUTIVE SUMMARY:

The staff report asks City Council to approve the First Amendment to the First Amended and Restated Homeless System of Services Agreement with Mercy House to support the Harrison Hope Center Shelter/Navigation Center which includes the Make It Cozy Home Furnishing Program, Respite Care Program, HOME Tenant-Based Rental Assistance Program, and the Permanent Supportive Housing Program.

RECOMMENDED ACTION:

That the City Council:
a. Approve the First Amendment to the First Amended and Restated Professional Services Agreement with Mercy House for Corona’s Homeless System of Services, effective July 1, 2025, to June 30, 2026, in the total maximum compensation amount of $5,547,735.
b. Authorize the City Manager, or his designee, to execute the First Amendment to the First Amended and Restated Professional Services Agreement with Mercy House.

c. Authorize the City Manager, or his designee, to approve non-substantive amendments to the First Amendment to the First Amended and Restated Professional Services Agreement with Mercy House, including periodic updates to the HOME TBRA Guidelines and the Shelter Operations Plan which are part of the original agreement and more operational and procedural in nature as well as budget line-item adjustments so long as any such amendments will not cause the City to exceed the approved total maximum compensation of $5,547,735 for the First Amendment to the First Amended and Restated Agreement with Mercy House.

BACKGROUND & HISTORY:

On December 7, 2022, the City Council approved the Mercy House Homeless System of Services Agreement totaling $3,988,491 for a 7-month period through June 30, 2023.

On June 21, 2023, the City Council adopted the City of Corona Budget for Fiscal Year (FY) 2024, which included $4,699,255 in funding to support the Mercy House Homeless System of Services Agreement for a 12-month period beginning July 1, 2023.

On June 21, 2023, the City Council approved a First Amendment to the Mercy House Homeless System of Services Agreement to extend the term to June 30, 2024, eliminate the $218,202 contingency, and reduce the maximum obligation of the Agreement to $3,770,283.

On April 3, 2024, the City Council approved a Second Amendment to the Mercy House Homeless System of Services Agreement to add FY 2024 funds of $4,699,255, bringing the agreement's maximum obligation to $8,469,544. The agreement's term did not change.

On August 21, 2024, the City Council approved a Third Amendment to the Mercy House Homeless System of Services Agreement to extend the term to December 31, 2024. The maximum obligation of the agreement did not change.

On November 20, 2024, the City Council approved the First Amended and Restated Mercy House Homeless System of Services Agreement retroactive from July 1, 2024, to June 30, 2025 for a maximum obligation of $8,279,868 for FY 2025. City Council’s approval of this agreement facilitated the incorporation of multiple federal and state grants. Accordingly, the agreement was retroactive back to July 1, 2024, to meet grant deadlines, maximize use of grant funds and leverage limited City of Corona Measure X funds.

ANALYSIS:

The Mercy House Agreement and related scope of services was expanded in FY 2024 and FY 2025 due to Federal, State, and County grants, including State PLHA grants, carryover of Federal HOME grants, as well as Federal ARPA and State HHIP grants that were awarded through Agreements with the County of Riverside.

PLHA Funding
The State PLHA fund allocations have been on a downward trend as the program is funded with real estate recording fees, therefore, program allocations are subject to change. To provide some perspective, annual allocations have ranged from:
$582,003 - Year 1
$904,613 - Year 2
$995,498 - Year 3
$498,946 - Year 4
$382,425 - Year 5
Year 5 of the PLHA funds ($382,425) is included in the FY 2026 Mercy House Agreement being recommended to City Council for approval. This is the lowest allocation to date.

The Agreement is also supported with $233,104 in carryover PLHA funds from Year 4.

HOME Funding
The City receives a direct allocation of HOME funds from HUD as part of the five-year Consolidated Plan and Annual Action Plan process. To support the City’s System of Services, Mercy House receives HOME Tenant-Based Rental Assistance (TBRA) funds which provide eviction prevention and housing support for shelter graduates.

The TBRA Program has continued to expand to meet the increasing needs of Corona residents. As a result, program funds are being spent at a higher rate thus reducing carryover funding which has historically supplemented new HOME TBRA funds allocated to Mercy House each fiscal year. The FY 2026 total TBRA allocation is $860,705 compared to $1,772,511 in FY 2025.

County of Riverside Project-Based Voucher Rent Subsidies The scope of services in the proposed agreement references the County of Riverside Housing Assistance Program (HAP) Project-Based Voucher (PBV) Agreement for the 5th Street Permanent Supportive Housing (PSH) units. Housing and Homeless Solutions collaborated with Mercy House to apply to the County for PBVs.

The PBVs will provide rental subsidies to Mercy House to cash flow the project and ensure that extremely low-income residents pay no more than 30% of their income towards rent.

Once the HAP agreement is finalized with the County and subsequently approved by the Board of Supervisors, the County estimates providing $5.1 million in rent subsidies over the 20-year HAP agreement term.

The HAP agreement also has an option to renew for a 2nd 20-year term. Rent subsidies are subject to change and based upon client income and size of unit. The HAP agreement will also include an Assignment of Agreement to the City if the City no longer contracts with Mercy House to operate its system of services. Like the Vista Dorada PSH project, the County must approve all tenants referred for PBV rent subsidies.

Due to the downward trend of TBRA funds, the proposed contract authorizes Mercy House to allocate any potential operating cost savings resulting from the PBV HAP for the 5th Street PSH units to support additional housing placements for Harrison Hope Center shelter graduates. Mercy House is required to track any potential operating cost reductions and document how the savings are allocated and utilized in the whatever it takes crisis stabilization budget category in the contract.

HOMELESS STRATEGIC PLAN:

The recommended actions support multiple goals and strategies in the City’s Homeless Strategic Plan, including:

Goal 1: Develop a Systems-Oriented Approach to Address Homelessness Goal 2: Develop a Low-Barrier Emergency Shelter/Navigation Center Goal 3: Develop Permanent Supportive and Affordable Housing Solutions Goal 8: Develop a Homeless Prevention Initiative
Goal 10: Expand Data Tracking Systems to Measure System Performance FINANCIAL IMPACT:

Approval of the recommended actions will not result in any additional financial impact to the City. Funding for the First Amendment to the First Amended and Restated Agreement with Mercy House is available in the Adopted Fiscal Year 2026 Budget, which was approved by the City Council on June 4, 2025.

ENVIRONMENTAL ANALYSIS:

This action is exempt pursuant to Section 15061(b)(3) of the Guidelines for the California Environmental Quality Act (CEQA), which states that a project is exempt from CEQA if the activity is covered by the common sense exemption that CEQA applies only to projects that have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. This action involves the approval of a First Amendment to the First Amended and Restated Mercy House Homeless System of Services Agreement. Approval of this agreement and provision of the related homeless services will not have a significant effect on the environment. Therefore, no environmental analysis is required.

PREPARED BY: KAREN ROPER, HOUSING & HOMELESS SOLUTIONS MANAGER REVIEWED BY: JACOB ELLIS, CITY MANAGER
ATTACHMENTS:

1. Exhibit 1 – First Amendment to the First Amended and Restated Professional