May 2025 Investment Report.pdf — Corona City Council, August 6, 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)54 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)54 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)53 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

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 3.74% 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

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 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 CCYUSD Cash

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 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 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 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

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

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

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 (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 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

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

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 (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 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
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

CASH & EQUIVALENTS
CCYUSD Cash
105,489.03
116,787.98

0.00 0.00
105,489.03

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
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 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 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 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 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 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 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 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 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 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 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 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).

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

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.

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

Corona City CouncilAugust 6, 2025

Corona City Council
August 6, 2025