Corona City Council
October 15, 2025

Wednesday, October 15, 2025
Closed Session Council Board Room 4:00 PM
Open Session Council Chambers 6:00 PM
**Revised agenda on Tuesday, October 14, 2025 at 8:02 a.m. Item 9.3 - presentation was added.** This meeting will be conducted in person. You can participate remotely: https://coronaca-gov.zoom.us/j/84598357664

1. CONVENE CLOSED SESSION

1.1 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
PURSUANT TO GOVERNMENT CODE SECTION 54956.8
AGENCY NEGOTIATOR: JACOB ELLIS, CITY MANAGER
PROPERTY: APN 117-143-036, 496 CORONA MALL, 114 E. SIXTH STREET NEGOTIATING PARTIES: DANNY CORTEZ; MOSES CORTEZ
UNDER NEGOTIATION: PRICE & TERMS OF PAYMENT

1.2 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
PURSUANT TO GOVERNMENT CODE SECTION 54956.8
AGENCY NEGOTIATOR: JACOB ELLIS, CITY MANAGER
PROPERTY: APN 117-191-001, 117-191-002, 117-191-003, 117-191-004, 117-191-021, 117-191-022, 117-191-011, 117-183-016, 106 E. SIXTH STREET, 114 E. SIXTH STREET, 122 E. SIXTH STREET, 675 S. MAIN STREET, 683 S. MAIN STREET, AND 601 S. MAIN STREET RESPECTIVELY NEGOTIATING PARTIES: GROUND REVIEW LLC
UNDER NEGOTIATION: PRICE & TERMS OF PAYMENT

1.3 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
PURSUANT TO GOVERNMENT CODE SECTION 54956.8
AGENCY NEGOTIATOR: JACOB ELLIS, CITY MANAGER
PROPERTY: APN 119-280-060, 365 NORTH MAIN STREET
NEGOTIATING PARTIES: CORONA NORCO UNIFIED SCHOOL DISTRICT UNDER NEGOTIATION: PRICE & TERMS OF PAYMENT

1.4 CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(d)(1)
NAME OF CASE: CITY OF CORONA V. DD&E, LLC, ET AL.

CASE NUMBER(S): SAN DIEGO COUNTY SUPERIOR COURT CASE NO. 37-2021-00016700-CU-EICTL

1.5 CONFERENCE WITH LABOR NEGOTIATORS
PURSUANT TO GOVERNMENT CODE SECTION 54957.6
AGENCY DESIGNATED REPRESENTATIVE: JACOB ELLIS, CITY MANAGER EMPLOYEE ORGANIZATION: CORONA UTILITIES EMPLOYEE ASSOCIATION

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

3. PLEDGE OF ALLEGIANCE

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

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

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS

5.1 PRESENTATION: 2025-2026 MAYOR'S YOUTH COUNCIL INTRODUCTION

5.2 PROCLAMATION: RED RIBBON WEEK

5.3 PROCLAMATION: FRIENDS OF THE LIBRARY WEEK

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

6.1 MINUTES - CITY COUNCIL MEETING OCTOBER 1, 2025
Approval of Minutes for the City Council, Successor Agency to the Redevelopment Agency of the City of Corona, Corona Public Financing Authority, Corona Utility Authority, Corona Housing Authority City Council Meeting of October 1, 2025

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

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

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

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

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

CORONA HOUSING AUTHORITY TO RECEIVE AND FILE THE MONTHLY FISCAL REPORT FOR AUGUST 2025
That the City Council receive and file the monthly fiscal report for August 2025.

6.4 RESOLUTION CERTIFYING THE RESULTS OF AN ELECTION AND ADDING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2016-1 (PUBLIC SERVICES) OF THE CITY OF CORONA (ANNEXATION NO. 28)
That the City Council adopt Resolution No. 2025-101, certifying the results of an election and adding territory to Community Facilities District No. 2016-1 (Public Services) of the City of Corona (Annexation No. 28).

6.5 AMEND THE PENSION STABILIZATION TRUST AGREEMENT AND THE PENSION STABILIZATION

TRUST INVESTMENT POLICY
That the City Council:

Adopt Resolution No. 2025-102, Amending the Trust Agreement Governing the City of Corona Pension Stabilization Trust Pursuant to Section 115 of the Internal Revenue Code. a.

Adopt Resolution No. 2025-103, Approving the City of Corona’s Pension Stabilization Trust Investment Policy.
b.

6.6 FINAL TRACT MAP 38495 TO SUBDIVIDE 9.33 ACRES INTO 35 SINGLE FAMILY RESIDENTIAL LOTS, LOCATED ON GARRETSON AVENUE, SOUTH OF SANTANA WAY IN THE R-1-20 AND R-1-

14.4 SINGLE FAMILY RESIDENTIAL ZONES (APPLICANT: TOLL WEST COAST LLC) That the City Council approve the final map for Tentative Tract Map 38495.

6.7 APPROVE THE FUNDING AGREEMENT WITH RIVERSIDE COUNTY FLOOD CONTROL AND

WATER CONSERVATION DISTRICT TO FUND THE DESIGN AND CONSTRUCTION OF THE

BUTTERFIELD DRIVE RECLAIMED WATER FLOW CONTROL STATION, CAPITAL IMPROVEMENT PROJECT NO. UT-2023-03
That the City Council:

Approve the Funding Agreement with the Riverside County Flood Control and Water Conservation District, in the amount of $5,333,516, for the design and construction costs of the Butterfield Drive Reclaimed Water Flow Control Station Capital Improvement Project No.

UT-2023-03.
a.

Authorize the City Manager, or his designee, to execute the Funding Agreement with the Riverside County Flood Control and Water Conservation District to memorialize the mutual understandings by and between the District and City of Corona with respect to funding, design, construction, inspection, ownership, operation, and maintenance of the Butterfield Drive Reclaimed Water Flow Control Station Capital Improvement Project No. UT-2023-03. b.

Authorize an appropriation and an offsetting estimated revenue increase in the amount of $5,333,516 from the Water Utility Grant/Agreement Fund 571 for the Butterfield Drive Reclaimed Water Flow Control Station, Capital Improvement Project No. UT-2023-03. c.

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

6.8 CONSTRUCTION CONTRACT WITH TRIANGLE DECON SERVICES, INC. IN THE AMOUNT OF $1,398,150 FOR THE CORONA LIBRARY INNOVATION CENTER, PROJECT NO. FC-2023-10; NOTICE INVITING BIDS 26-007CA
That the City Council:

Adopt the Plans and Specifications for the Corona Library Innovation Center, Project No. FC2023-10, Notice Inviting Bids 26-007CA.a.

Award Notice Inviting Bids 26-007CA to Triangle DeCon Services, Inc., the lowest responsive, responsible bidder, for the total bid amount of $1,398,150, inclusive of Bid Schedule A – Base Bid, and Bid Schedule B – Add Alternate, and waive all minor irregularities in the bidding document as submitted by said bidder. b.

Approve the construction contract with Triangle DeCon Services, Inc., for the Corona Library Innovation Center, Project No. FC-2023-10 in the amount of $1,398,150. c.

Authorize the City Manager, or his designee, to execute the construction contract with Triangle DeCon Services, Inc., in the amount of $1,398,150, including any non-substantive extensions, change orders, purchase orders, and amendments up to 10% of the total contract cost, which is equivalent to $139,815.
d.

6.9 GRANT FUNDING FROM THE CALIFORNIA STATE LIBRARY IN THE AMOUNT OF $5,000 FOR

THE GROUNDWORK GRANTS PROJECT
That the City Council:

Accept grant funding in the amount of $5,000 from the California State Library and funded by the State of California for the Corona Public Library’s Groundwork Grant. a.

Authorize an appropriation and estimated revenue increase in the amount of $5,000 to the Community Services Department’s operating budget in the Library - Other Grants Fund 415. b.

Authorize the City Manager, or his designee, to increase the budget accordingly if the California State Library distributes additional funds to Groundwork Grants participants. c.

6.10 PURCHASE ORDER TO XYLEM WATER SOLUTIONS FOR EMERGENCY PURCHASE OF A

LEOPOLD UNDERDRAIN SYSTEM FOR THE LESTER WATER TREATMENT PLANT That the City Council:

Receive and file the update to emergency underdrain repair at Lester Water Treatment Plant Filter 2 (Lester Filter 2).
a.

Review and ratify the issuance of a purchase order to Xylem Water Solutions USA, Inc. in the amount of $167,972 for the purchase of a Leopold underdrain system at Lester Filter 2 for emergency repair as authorized in 3.08.140(A).
b.

Authorize the City Manager, or designee, to approve and execute any documents necessary to implement change orders up to $16,797 or 10% as authorized in Corona Municipal Code

3.08.080(I).
c.

Authorize an appropriation in the amount of $282,769 from the Water Utility Fund 570 to the Lester Filter 2 Underdrain Replacement Capital Improvement Project No. UT-2026-06. d.

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

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

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

8.1 PUBLIC HEARING AND ELECTION FOR ANNEXATION NO. 44 INTO COMMUNITY FACILITIES DISTRICT NO. 2016-3 (MAINTENANCE SERVICES)
That the City Council:

Adopt Resolution No. 2025-099, calling a special election and submitting to the qualified electors of the territory proposed to be annexed to Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona the question of levying special taxes within the territory proposed to be annexed (Annexation No. 44).
a.

Adopt Resolution No. 2025-100, declaring the results of the special election for Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona on the proposition of the annual levy of special taxes within the territory proposed to be annexed to said Community Facilities District to pay the costs of certain services to be provided by the Community Facilities District, determining that the territory proposed to be annexed is added to and part of said Community Facilities District with full legal effect (Annexation No. 44). b.

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

9.1 MOBILE HOME RENT STABILIZATION ORDINANCE AD HOC COMMITTEE RECOMMENDATIONS Receive and file the report from the Ad Hoc Committee regarding Mobile Home Rent Stabilization Ordinance Recommendations.
a.

Provide staff direction on the components to include in the draft Mobile Home Rent Stabilization Ordinance.
b.

Direct staff to return to the City Council for a first reading of the Mobile Home Rent Stabilization Ordinance in late fall.
c.

9.2 FISCAL YEAR 2026 PHASE II COMMUNITY EVENTS CO-SPONSORSHIP PROGRAM REQUESTS That the City Council approve Fiscal Year 2026 Phase II of the Co-Sponsorship Program for events occurring January through June 2026.

9.3 DOWNTOWN REVITALIZATION 6TH STREET BEAUTIFICATION DESIGN ELEMENTS That the City Council:
a. Provide direction on the location and style of the proposed Iconic Downtown Signs; and Provide direction on whether to include a feature signifying the center of the Circle in the Downtown design, and if so, which theme staff should explore further. b.

9.4 RADIO ROAD RAILROAD CROSSING IMPROVEMENTS PROJECT UPDATE – CONSTRUCTION

PHASING
That City Council provide feedback and direction on the construction phasing options for the Radio Road Railroad Crossing Improvement, Capital Improvement Project No. ST-2022-05.

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

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

11.1 Library Board of Trustees
Library Board of Trustees Report Update for September 23, 2025.

11.1.a Corona Public Library Fast Facts - FY 2025

11.1.b Children's Paper Crafts
October 21st, November 18th, & December 16th
Ages 4 - 10, @ 4:00 - 5:00pm

11.1.c Paranormal Investigation
October 17th - 10:00pm - 12:00am
Ages 18+ Must Register Online

11.1.d Star Wars Reads Day
October 6th, All Ages
3:00 - 4:00pm

11.1.e StoryWalk - Merging Literacy, Physical Activity, and Fun at Mountain Gate Park October Book: My Teacher is a Monster! No, I AM Not
by: Peter Brown

11.2 Planning & Housing Commission

11.3 Parks & Recreation Commission

11.4 Regional Meetings

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

COUNCIL OF GOVERNMENTS (WRCOG) GENERAL ASSEMBLY MEETING OF OCTOBER 6, 2025

11.4.b UPDATE FROM VICE MAYOR JACQUE CASILLAS ON THE LEAGUE OF CALIFORNIA CITIES (LOCC) CONFERENCE OF OCTOBER 8-10, 2025

11.4.c UPDATE FROM COUNCIL MEMBER WES SPEAKE ON THE LEAGUE OF CALIFORNIA CITIES (LOCC) CONFERENCE OF OCTOBER 8-10, 2025

12. CITY ATTORNEY'S REPORTS AND COMMENTS

13. CITY MANAGER'S REPORTS AND COMMENTS

14. CITY COUNCIL MEMBERS' REPORTS AND COMMENTS

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

15.1 HISTORIC CIVIC CENTER OPERATIONS PLAN UPDATE (STAFF) NOVEMBER 5, 2025

15.2 EXPLORE CMC ORDINANCE CHANGES TO SET TIME LIMITS FOR SPECIFIC TEMPORARY FENCING AND BOARDED UP WINDOWS (W. SPEAKE) NOVEMBER 5, 2025

15.3 EL CERRITO PICKLEBALL OPTIONS (STAFF) NOVEMBER 5, 2025

15.4 CITY PARK FINAL DESIGN (STAFF) JANUARY 7, 2026

15.5 UPDATEOF CHAPTER 5.34 PEDDLERS AND SOLICITORS (W. SPEAKE) TBD

16. ADJOURNMENT
The next regular meeting of the City Council is scheduled for November 5, 2025 or thereafter as noted on the posted agenda for closed session items in the City Council Board Room followed by the regular meeting at 6:00 p.m. or thereafter as noted on the posted agenda in the City Council Chambers.

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

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

Meeting is Being Recorded.

DRAFT
1 City of Corona
City Council Minutes
Wednesday, October 1, 2025, 6:00 p.m.

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

1. CONVENE CLOSED SESSION
Closed Session Convened at 4:45 p.m. for the purposes listed below. Present were Mayor Richins, Vice Mayor Steiner, Council Member Casillas, Council Member Daddario, and Council Member Speake. Closed Session adjourned at 5:31 p.m.

1.1 CONFERENCE WITH LABOR NEGOTIATORS
Pursuant to Government Code Section 54957.6
Agency Designated Representative: Jacob Ellis, City Manager Employee Organization: Corona Utilities Employee Association

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

1.3 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code Section 54956.8
Agency Negotiator: Jacob Ellis, City Manager
Property: APN 119-280-060, 365 North Main Street
Negotiating Parties: Corona Norco Unified School District Under Negotiation: Price & Terms of Payment

2. INVOCATION - Elijah Coombes, Grace Baptist Church
The Invocation was led by Elijah Coombes.

3. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Elijah Coombes.

4. CONVENE OPEN SESSION
Mayor Steiner called the meeting to order at 6:04 p.m.

DRAFT
2 5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS

5.1 PROCLAMATION: CODE ENFORCEMENT OFFICER APPRECIATION WEEK Rachel Bottka, Code Compliance Supervisor, and Code Compliance staff accepted the proclamation.

Joe Morgan, resident, addressed the Council to commend the Code Compliance department on their hard honest work.

5.2 PROCLAMATION: MANUFACTURING MONTH
Combustion Associates, Inc. accepted the proclamation.

5.3 PRESENTION: YOUTH AGAINST HUMAN TRAFFICKING
The Youth Against Human Trafficking Board provided a presentation.

5.4 PRESENTATION: BREAST CANCER AWARENESS
Maddie Paxton, resident, provided a presentation.

5.5 PRESENTATION: UPDATE ON THE FORMATION OF A

BUSINESSIMPROVEMENT DISTRICT (BID) AS PART OF THE DOWNTOWN

REVITALIZATION PROJECTS
Aminah Mears, Assistant to the City Manager, provided a presentation.

6. CONSENT CALENDAR
The Consent Calendar was approved.

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

6.1 MINUTES - CITY COUNCIL MEETING SEPTEMBER 17, 2025
THE MEETING MINUTES WERE APPROVED.

6.2 CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT

AGENCY OF THE CITY OF CORONA, CORONA PUBLIC FINANCING

AUTHORITY, CORONA UTILITY AUTHORITY, AND CORONA HOUSING

AUTHORITY TO RECEIVE AND FILE THE MONTHLY FISCAL REPORT FOR JULY 2025
THIS FINANCIAL REPORT WAS RECEIVED AND FILED.

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

6.3 CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT

AGENCY OF THE CITY OF CORONA, CORONA PUBLIC FINANCING

AUTHORITY, CORONA UTILITY AUTHORITY, AND CORONA HOUSING

AUTHORITY TO RECEIVE AND FILE THE MONTHLY INVESTMENT
PORTFOLIO REPORT FOR JULY 2025
THIS FINANCIAL REPORT WAS RECEIVED AND FILED.

DRAFT
3 That the City Council receive and file the monthly investment portfolio report for July 2025.

6.4 ACCEPTANCE OF THE STATE OF CALIFORNIA OFFICE OF TRAFFIC

SAFETY SELECTIVE TRAFFIC ENFORCEMENT PROGRAM FEDERAL

GRANT AWARD
THIS ITEM WAS APPROVED.

That the City Council:
a. Authorize the acceptance of the State of California Office of the Traffic Safety Selective Traffic Enforcement Program Federal Award Grant number PT26107 of $160,000 for Local Law Enforcement Agencies. b. Appropriate $160,000 of one-time money from the unappropriated General Fund Balance to the Police Department’s operating budget to be reimbursed from the State of California Office of Traffic Safety and increase the General Fund estimated revenue by the same amount for the program award.
c. Authorize the City Manager, or their designee, to execute any required grant documents that are in compliance with the City Council’s actions hereunder.

6.5 PROFESSIONAL SERVICES AGREEMENT WITH CWE, A CALIFORNIA

CORPORATION, FOR DESIGN AND CONSTRUCTION SUPPORT SERVICES

FOR THE CORONA DRAIN LINE
THIS ITEM WAS APPROVED.

That the City Council:
a. Award Request for Proposal No. 25-065AT to CWE, a California corporation, for design and construction support services for the Corona Drain Line 9A – Project, No. ST- 2024-03.
b. Approve the Professional Services Agreement with CWE, a California corporation, for the Corona Drain Line 9A – Project, No. ST- 2024-03, in the amount of $408,178, and waive any minor irregularities in the proposal.
c. Authorize the City Manager, or his designee, to execute the Professional Services Agreement with CWE, a California corporation, in the amount of $408,178, including any non-substantive extensions, change orders, purchase orders, and amendments up to the amount authorized in Corona Municipal Code Section 3.08.070(I), which is equivalent to $40,818 or 10%.

DRAFT
4 6.6 APPROVE AND ADOPT THE AMENDED CITY OF CORONA PUBLIC

TRANSPORTATION AGENCY SAFETY PLAN
THIS ITEM WAS APPROVED.

6.7 PURCHASE OF A COMPACT TRACK LOADER
THIS ITEM WAS APPROVED.

That the City Council:
a. Authorize the City Manager, or his designee, to issue a purchase order to Doosan Bobcat North America, Inc., in the amount of $110,880.26 for the purchase of a Bobcat T770 T4 Compact Track Loader.
b. Make a determination under Corona Municipal Code Section 3.08.140(C), that competitive bidding has been satisfied based upon reasons provided in the “Basis for determination of competitive bidding” section of this report.
c. Authorize the City Manager, or his designee, to approve and execute any documents necessary to implement change orders up to the amount authorized by Corona Municipal Code Section 3.08.080 (I) which is equivalent to 10% or $11,088.

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

6.8 REQUEST TO MAINTAIN GROUP II-NONPROFIT FIELD RESERVATION

STATUS FOR CORONA NATIONAL LITTLE LEAGUE THROUGH DECEMBER 31, 2025
THIS ITEM WAS APPROVED.

That the City Council:
a. Approve Corona National Little League’s temporary eligibility to reserve City athletic fields as Group II - Resident Nonprofit through December 31, 2025, subject to applicable fees, pending their reinstatement of its 501(c)(3) status and restoration of its good standing with the California Franchise Tax Board.
b. Provide retroactive approval of Corona National Little League’s designation as Group II – Resident Nonprofit for the Spring 2025 allocation season from January – June 2025.

7. COMMUNICATIONS FROM THE PUBLIC
Sylvia Edwards, City Clerk, stated there were ten written comments received from the public. The written comments will be maintained with the minutes.

DRAFT
5 Council Member Richins provided comments and an apology to resident Joe Morgan.

Joe Morgan, resident, addressed the Council and expressed his concerns regarding a Council Member.

Ahsan Baseer, resident, addressed the Council and acknowledged Breast Cancer Awareness and invited the public to Open Mosque Day on October 19, 2025.

Maddy Paxton, resident, addressed the Council and acknowledged National Fire Pup Day on October 1st, 2025. She also announced K9 Officer Raider 10 year birthday on October 9th, 2025, and encouraged residents to attend the Fire Department Community Emergency Response Team Training.

Robert Mirshafiee, resident, addressed the Council to express his concerns about the City Manager's employment term.

The following residents addressed the Council to express concerns with the relocation of All American Karate School: Nicole Romero, Brian Sandusky, Suann Romero, Michael Romero, Zeshaun Abid, Tarl Jones, Serra Hebert, Yvonne Sambrano-Garcia, Angelique Lipari, Angela Odegaard, Kristi Sandusky, Jade Lipari-Vazquez, Michelle Burmaster, Yvonne Spinks, Han lam, David Ruiz, Louis Davis, Bryan Penalaza Torres, Cynthia Karner, Crystal Veno, Carly Spinks, Yvette Barajas, Kim Aguirre, Ridley Romero, Chris McCoy, and Daniela Villa.

The following residents addressed the Council and expressed their concerns with the ICE raid at Home Depot: Zoe Garcia, Victoria Hibbard, and Rose.

Blue Robinson, addressed the Council to provide an overview of Worker Rights Education.

Rory Connell, resident, addressed the Council to provide concerns with the Downtown Revitalization.

Mayor Steiner provided comments.

Police Captain Mercado provided clarification.

8. PUBLIC HEARINGS

8.1 AFFORDABLE HOUSING DENISTY BONUS 2024-0001 FOR 57

RESIDENTIAL CONDOMINIUMS CONSISTING OF THREE AFFORDABLE HOUSING UNITS, LOCATED AT 1717 VIA DEL RIO IN THE R-3 MULTIPLE FAMILY RESIDENTIAL ZONE (APPLICANT: MERITAGE HOMES OF
CALIFORNIA, INC.)
Mayor Steiner noted that the Public Hearing was opened during the September 17, 2025 meeting. Sylvia Edwards, City Clerk, stated there was no correspondence received from the public. Mayor Steiner closed the Public Hearing.

The following residents addressed the Council and expressed their concerns with the proposed item: Caleb Daniel Rodriguez and Chris McCoy.

The Council provided comments.

Moved by: Tony Daddario
Seconded by: Jacque Casillas

DRAFT
6 That the City Council:
a. Approve the Affordable Housing Density Bonus Agreement 2024-0001 as recommended by the Planning and Housing Commission.
b. Authorize the City Manager, or their designee, to execute the Affordable Housing Density Bonus Agreement between the City of Corona and Meritage Homes of California, Inc.
c. Notwithstanding Corona Municipal Code Section 17.87.090, direct the Affordable Housing Density Bonus Agreement to be recorded in the Official Records of the County of Riverside before the recordation of Tentative Tract Map 38934.

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

8.2 CONDITIONAL USE PERMIT 2024-0003 TO ESTABLISH 57 TOWNHOUSE CONDOMINIUM UNITS ON 2.86 ACRES, LOCATED AT 1717 VIA DEL RIO IN THE R-3 MULTIPLE-FAMILY RESIDENTIAL ZONE (APPLICANT: MERITAGE HOMES OF CALIFORNIA, INC.)
Robert Mirshafiee, resident, addressed the Council and expressed his concerns with the proposed item.

Mayor Steiner provided comments.

Moved by: Tony Daddario
Seconded by: Jacque Casillas
That the City Council affirm the Planning and Housing Commission’s action granting CUP2024-0003, based on the finding contained in the staff report and conditions of approval.

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

8.3 TENTATIVE TRACT MAP 38934 TO CREATE ONE LOT ON 2.82 ACRES FOR

RESIDENTIAL CONDOMINIUM PURPOSES, AND FOUR LETTERED LOTS TOTALING 0.04 ACRES FOR THE CONSTRUCTION OF WATER QUALITY MANAGEMENT FACILITIES, LOCATED AT 1717 VIA DEL RIO (APN: 103-200- 088, 103-200-
Robert Mirshafiee, resident, addressed the Council and expressed his concerns with the proposed item.

DRAFT
7 Moved by: Jacque Casillas
Seconded by: Jim Steiner
That the City Council approve Tentative Tract Map 38934 based on the findings and conditions of approval as recommended by the Planning and Housing Commission.

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

9. ADMINISTRATIVE REPORTS

9.1 CITY COUNCIL CONSIDERATION OF A PILOT JOBS CREATION PROGRAM FOR THE HUB. COMMERCIAL CENTER
Sylvia Edwards, City Clerk, stated there was a written comment received from the Public. The written comment will be maintained with the minutes.

Joel Belding, Economic Development Director, provided a report.

Chris McCoy, resident, addressed the Council in support of the proposed item.

The following residents addressed the Council and expressed their concerns with the proposed item: Rory Connell, Joe Morgan, and Robert Mirshafiee.

The Council provided comments and had inquiries. Mr. Belding provided clarification.

Moved by: Jacque Casillas
Seconded by: Tom Richins
That the City Council:
a. Authorize the City Manager, or their designee, to establish and administer a pilot jobs creation loan program for tenant attraction at the Hub. commercial center.
b. Grant the City Manager, or their designee, approval authority for all loan agreements under this program provided they are consistent with the terms in this report, with mandatory reporting to City Council for all executed agreements.

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

10. LEGISLATIVE MATTERS
None.

11. REPORTS FROM BOARDS AND COMMISSIONS

DRAFT
8 11.1 Library Board of Trustees
None.

11.2 Planning & Housing Commission
None.

11.3 Parks & Recreation Commission
None.

11.4 Regional Meetings

11.4.a UPDATE FROM COUNCIL MEMBER TONY DADDARIO ON THE

WESTERN RIVERSIDE COUNTY REGIONAL CONSERVATION
AUTHORITY (RCA) MEETING OF SEPTEMBER 5, 2025
Council Member Daddario provided an update.

11.4.b UPDATE FROM COUNCIL MEMBER TOM RICHINS ON THE RIVERSIDE TRANSIT AGENCY (RTA) BOARD MEETING OF SEPTEMBER 25, 2025 Council Member Richins provided an update.

11.4.c UPDATE FROM COUNCIL MEMBER WES SPEAKE ON THE SANTA ANA

WATERSHED PROJECT AUTHORITY (SAWPA) ONE WATER/ONE
WATERSHED STEERING COMMITTEE MEETING OF SEPTEMBER 25
2025
Council Member Speake provided an update.

12. CITY ATTORNEY'S REPORTS AND COMMENTS
None.

13. CITY MANAGER'S REPORTS AND COMMENTS
None.

14. CITY COUNCIL MEMBERS' REPORTS AND COMMENTS
Council Member Speake provided a brief overview of the following: AB650, SB79, AB1061, and Adaptive Reuse.

15. FUTURE AGENDA ITEMS

15.1 PENSION TRUST REPORT (STAFF) OCTOBER 15, 2025

15.2 RENT STABILIZATION (STAFF) OCTOBER 15, 2025

15.3 6TH STREET TRANSFORMATION UPDATE (STAFF) OCTOBER 15, 2025

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

SPEAKE) OCTOBER 15, 2025

15.5 HISTORIC CIVIC CENTER OPERATIONS PLAN UPDATE (STAFF) OCTOBER 15, 2025

DRAFT
9 15.6 EL CERRITO PICKLEBALL OPTIONS (STAFF) NOVEMBER 2025

15.7 CITY PARK FINAL DESIGN (STAFF) JANUARY/FEBRUARY

15.8 UPDATEOF CHAPTER 5.34 PEDDLERS AND SOLICITORS (W. SPEAKE) TBD

16. ADJOURNMENT
The next scheduled meeting of the Council is on October 15, 2025. Mayor Steiner adjourned the meeting at 9:59 p.m.

DATE: 10/15/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-392

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF

THE CITY OF CORONA, CORONA PUBLIC FINANCING AUTHORITY, CORONA

UTILITY AUTHORITY, AND CORONA HOUSING AUTHORITY TO RECEIVE AND FILE THE MONTHLY INVESTMENT PORTFOLIO REPORT FOR JANUARY 2025 RECOMMENDED ACTION:

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

____________________________________________________________________________________________________________________ Prepared By: Chandler Asset Management
City of Corona
Investment Portfolio Report
Month Ending August 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 August 31, 2025 has been prepared by Chandler Asset Management. We hereby certify that this report accurately reflects all pooled investments and is in compliance with the City’s Investment Policy. Combined with anticipated revenues, the portfolio contains sufficient investment liquidity to meet budgeted expenditures for the next six months.

SUBMITTED BY:

_____________________________________
Chad T. Willardson
City Treasurer
____________________________________
Brett Channing
Assistant City Manager
____________________________________
Kim Sitton
Finance Director
REVIEWED BY:
_____________________________________
Christine Thompson
Accounting Manager
Investment Summary
City's Investment Pension Trust Total Investment
Beginning balance July 31, 2025 444,124,116 $ 44,043,015 $ 488,167,131 $ Acquisitions / Additions:

Agency Notes - -
US Corporate Notes 4,170,105 4,170,105
LAIF 17,000,000 17,000,000
Money Market Fund 11,174,803 34,986 11,209,790
$ 32,344,908 34,986 $ 32,379,895
Dispositions / Withdrawals:

Agency Notes - -
US Corporate Notes 12,032,352 12,032,352
LAIF 25,200,000 25,200,000
Money Market Fund 2,284,112 2,284,112
Maturity/Call Redemption - - $ 39,516,465 $ 39,516,465
Gain/(Loss) on Dispositions 914,855 $ 161,503 $ 1,076,358 $ Ending balance August 31, 2025 437,867,414 $ 44,239,504 $ $ 482,106,918 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

MONTHLY ACCOUNT STATEMENT
City of Corona Cons Account | Account #10003 | As of August 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: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 2.36
Average Coupon 3.70%
Average Purchase YTM 3.96%
Average Market YTM 3.90%
Average Credit Quality* AA+
Average Final Maturity 2.77
Average Life 2.42
End Values as of
07/31/2025
End Values as of
08/31/2025
Market Value 447,297,917.18 443,945,116.24
Accrued Interest 2,995,696.66 2,702,630.51
Total Market Value 450,293,613.84 446,647,746.74
Income Earned 1,605,653.49 735,377.31
Cont/WD (20,200,000.00) (8,200,000.00)
Par 448,757,318.38 442,596,761.78
Book Value 444,124,115.81 437,867,413.86
Cost Value 444,124,115.81 437,867,413.86
Government of The United States 38.29%
FHLMC 10.45%
LAIF 5.57%
International Bank for Recon and Dev 3.46%
Federated Hermes, Inc. 2.37%
Toyota Motor Corporation 1.58%
American Express Credit Master Trust 1.48%
Massachusetts Mutual Life Insurance 1.42%
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 10.5 Compliant
Max Maturity (Years) 5.0 3.7 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 9.8 Compliant
Max % Issuer (MV) 5.0 0.8 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

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

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

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

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 23.5 Compliant
Max % Issuer (MV) 5.0 1.6 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 3.9 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 24.7 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 2.4 Compliant
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 2.4 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)53 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 4.9 Compliant
Max % Issuer (MV) 10.0 3.5 Compliant
Max Maturity (Years)54 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 38.3 Compliant
Max Maturity (Years) 5 4 Compliant
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 444,124,115.81 459,819,324.73
Maturities/Calls 0.00 (14,981,000.00)
Principal Paydowns (351,517.66) (6,036,517.68)
Purchases 32,344,908.30 359,755,648.53
Sales (39,164,947.18) (361,214,073.29)
Change in Cash, Payables, Receivables 635,270.18 474,652.99 Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 279,584.42 49,378.59
Ending Book Value 437,867,413.86 437,867,413.86
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Market Value 447,297,917.18 456,281,046.71
Maturities/Calls 0.00 (14,981,000.00)
Principal Paydowns (351,517.66) (6,036,517.68)
Purchases 32,344,908.30 359,755,648.53
Sales (39,164,947.18) (361,214,073.29)
Change in Cash, Payables, Receivables 635,270.18 474,652.99 Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 2,903,901.00 9,615,980.39 Realized Gain (Loss) 279,584.42 49,378.59
Ending Market Value 443,945,116.24 443,945,116.24
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (14,981,000.00)
Principal Paydowns
Month to Date (351,517.66)
Fiscal Year to Date (6,036,517.68)
Purchases
Month to Date 32,344,908.30
Fiscal Year to Date 359,755,648.53
Sales
Month to Date (39,164,947.18)
Fiscal Year to Date (361,214,073.29)
Interest Received
Month to Date 949,325.18
Fiscal Year to Date 9,935,699.65
Purchased / Sold Interest
Month to Date 79,118.28
Fiscal Year to Date 220,138.44
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 22,874.32 05/10/20223.21%
22,873.13
22,873.13

99.90 4.79%
22,852.01

12.24 0.01%
(21.12)
Aaa/AAA
NA

0.98 0.06
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 50,183.87 03/10/2022

2.33%
50,172.77
50,172.77

99.90 3.79%
50,132.38

51.75 0.01%
(40.39)
Aaa/NA
AAA

1.04 0.07
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 1,691,495.11 03/25/20245.01%
1,689,975.40
1,689,975.40
100.37

4.13%
1,697,669.23
1,403.94

0.38%
7,693.83
Aaa/AAA
NA

1.56 0.40
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
100.75

4.26%
1,627,143.02
3,883.18

0.37%
12,187.92
NA/AAA
AAA

1.71 0.62
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
100.75

4.14%
1,506,204.58
2,462.18

0.34%
11,291.44
NA/AAA
AAA

1.88 0.57
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 1,153,649.91 02/22/2023

5.01%
1,153,439.71
1,153,439.71
100.42

4.20%
1,158,484.28
2,568.79

0.26%
5,044.57
Aaa/NA
AAA

2.21 0.49
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 1,085,000.00 05/17/20245.32%
1,084,873.06
1,084,873.06
101.19

4.17%
1,097,880.69
2,565.42

0.25%
13,007.63
Aaa/NA
AAA

2.38 0.98
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
100.96

4.16%
2,110,028.68
4,486.53

0.48%
20,185.22
NA/AAA
AAA

2.38 1.33
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
100.87

4.20%
3,464,729.24
7,953.93

0.78%
29,878.66
Aaa/AAA
NA

2.96 0.80
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
101.14

4.07%
3,686,522.02
8,359.20

0.83%
42,532.41
NA/AAA
AAA

3.04 0.99
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
101.11

4.07%
2,022,225.00
4,426.67

0.46%
15,740.62
Aaa/NA
AAA

1.21 1.14
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
101.15

4.13%
1,431,232.03
2,692.82

0.32%
16,403.95
NA/AAA
AAA

3.22 0.95
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
100.55

4.18%
1,995,821.82
4,011.35

0.45%
14,931.39
Aaa/NA
AAA

3.30 0.76
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
100.95

4.09%
2,019,080.40
4,435.56

0.45%
18,299.15
NA/AAA
AAA

3.46 1.00
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
101.13

4.06%
1,876,030.69
1,601.48

0.42%
21,312.46
Aaa/AAA
NA

3.49 0.96
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
101.59

4.10%
2,133,374.25
4,853.33

0.48%
33,784.80
Aaa/NA
AAA

3.54 1.36
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
102.03

3.97%
3,132,333.59
7,136.04

0.71%
62,962.94
NA/AAA
AAA

3.62 1.52
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029 2,095,000.00 06/06/20244.93%
2,094,882.47
2,094,882.47
101.64

3.97%
2,129,292.85
4,590.38

0.48%
34,410.38
Aaa/AAA
NA

3.70 1.60
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
100.54

3.99%
2,091,149.22
3,910.40

0.47%
11,280.05
Aaa/NA
AAA

4.05 1.90
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
100.85

3.91%
2,349,725.08
4,442.53

0.53%
20,071.32
Aaa/AAA
NA

4.12 1.99
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
100.70

3.97%
2,643,258.19
5,040.00

0.60%
18,645.38
NA/AAA
AAA

4.12 1.77
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 3,380,000.00 05/06/2025

4.28%
3,379,938.82
3,379,938.82
101.10

3.87%
3,417,109.02
6,429.51

0.77%
37,170.20
NA/AAA
AAA

4.62 2.43
Total ABS 43,218,203.20 4.92%
43,215,505.46
43,215,505.46
101.03

4.06%
43,662,278.25
87,317.25

9.84%
446,772.79

3.18 1.26
AGENCY
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
4,400,000.00 --

0.44%
4,387,050.00
4,387,050.00

99.77 4.30%
4,389,944.24
7,241.67

0.99%
2,894.24
Aa1/AA+
AA+

0.06 0.06
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 6,300,000.00 --0.57%
6,279,895.00
6,279,895.00

99.33 4.25%
6,257,615.24
9,975.00

1.41%
(22,279.76)
Aa1/AA+
AA+

0.19 0.18
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
100.55

3.65%
3,519,078.43
62,538.19

0.79%
(29,676.57)
Aa1/AA+
AA+

2.54 2.35
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
101.15

3.57%
3,034,366.17
20,333.33

0.68%
103,006.17
Aa1/AA+
AA+

2.83 2.64
Total Agency 17,200,000.00 1.84%
17,147,060.00
17,147,060.00
100.01

4.02%
17,201,004.08
100,088.19

3.87%
53,944.08

1.10 1.03

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

98.51 4.12%
1,477,611.90
3,316.25

0.33%
(108,813.88)
Aa1/AA+
AAA

0.98 0.91
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

98.91 4.09%
2,967,287.70
7,800.00

0.67%
(161,149.80)
Aa1/AAA
AAA

1.07 0.94
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 6,000,000.00 --

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

98.70 3.88%
5,921,884.20
16,750.00

1.33%
213,884.51
Aa1/AA+
AAA

2.40 2.16
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

99.20 3.88%
2,976,048.00
9,000.00

0.67%
64,993.31
Aa1/AA+
AAA

2.40 2.19
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 5,320,000.00 --

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

99.72 3.89%
5,305,140.71
17,068.33

1.19%
76,015.70
Aa1/AA+
AAA

2.73 2.47
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

99.76 3.88%
1,992,183.04
6,413.70

0.45%
40,505.58
Aa1/AA+
AAA

2.82 2.50
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

99.91 3.87%
3,145,275.72
10,231.00

0.71%
129,590.09
Aa1/AA+
AAA

2.99 2.74
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

99.95 3.88%
2,498,686.25
8,166.67

0.56%
87,358.12
Aa1/AA+
AAA

3.07 2.77
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

94.61 3.91%
4,730,446.00
8,462.50

1.07%
249,977.25
Aa1/AA+
AAA

3.07 2.87
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 8,000,000.00 --

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

94.75 3.94%
7,579,823.20
15,066.67

1.71%
411,659.13
Aa1/AA+
AAA

3.40 3.13
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 4,950,000.00 05/30/20244.87%
4,637,144.53
4,637,144.53

98.34 3.90%
4,867,684.47
14,115.75

1.10%
230,539.94
Aa1/AAA
AA+

3.49 3.17
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

97.81 3.92%
2,934,276.30
8,245.00

0.66%
158,807.55
Aa1/AA+
AAA

3.65 3.31
Total Agency CMBS 47,415,000.00 4.42%
45,002,979.99
45,002,979.99

97.89 3.92%
46,396,347.49
124,635.87

10.45%
1,393,367.50

2.83 2.58
CASH
CCYUSD Receivable 546,409.71 -- 546,409.71
546,409.71

1.00 0.00%
546,409.71

0.00 0.12%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 236,772.38 -- 236,772.38
236,772.38

1.00 0.00%
236,772.38

0.00 0.05%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 783,182.09
783,182.09
783,182.09

1.00 0.00%
783,182.09

0.00 0.18%

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

97.91 4.08%
4,763,429.41
14,730.14

1.07%
(80,553.79)
A1/AA
AA0.700.68
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 805,000.00 --1.08%
807,605.05
807,605.05

97.83 4.31%
787,569.14
2,725.82

0.18%
(20,035.91)
A2/A+
A

0.70 0.69
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

97.69 4.11%
3,248,064.12
7,585.16

0.73%
(75,472.88)
A1/A+
A+

0.80 0.78
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

97.49 4.15%
2,215,075.09
3,408.00

0.50%
(56,294.83)
Aa3/AA+
AA+

0.87 0.85
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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

97.11 4.14%
1,665,379.41
9,944.62

0.38%
(48,042.79)
Aa3/AAAA1.04

1.00 931142ER0 WALMART INC 1.05 09/17/2026 785,000.00 09/08/2021

1.09%
783,516.35
783,516.35

97.11 3.91%
762,304.87
3,754.92

0.17%
(21,211.49)
Aa2/AA
AA

1.05 1.01
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

97.04 4.14%
2,411,390.87
6,471.35

0.54%
(70,776.23)
Aa3/AAAA1.36

1.32 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

98.14 4.07%
1,864,633.21
25,270.00

0.42%
(20,299.79)
A2/ANA1.52

1.45 91324PEG3 UNITEDHEALTH GROUP INC 3.7
05/15/2027 1,365,000.00 05/17/2022

3.69%
1,365,638.40
1,365,638.40

99.43 4.05%
1,357,242.20
14,870.92

0.31%
(8,396.20)
A2/A+
A

1.70 1.62
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
101.87

3.92%
2,495,791.16
13,253.82

0.56%
8,085.66
A1/A
A+

2.39 2.23
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
100.53

3.84%
1,985,476.31
23,107.50

0.45%
10,084.06
Aa3/A+
NA

2.71 2.44
74340XCG4 PROLOGIS LP 4.875 06/15/2028 4,000,000.00 --

5.11%
3,959,713.70
3,959,713.70
102.27

4.00%
4,090,966.32
41,166.67

0.92%
131,252.62
A2/A
NA

2.79 2.49
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
103.29

3.99%
3,615,201.45
15,166.67

0.81%
160,526.45
A1/A
AA2.922.68
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
102.95

3.88%
1,719,301.77
4,822.13

0.39%
51,940.37
A1/A+
NA

2.94 2.71
74456QBX3 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.65 09/01/2028 3,000,000.00 09/12/20235.15%
2,805,270.00
2,805,270.00

98.97 4.02%
2,969,226.39
54,750.00

0.67%
163,956.39
A1/A
NA

3.00 2.81
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

99.94 3.97%
3,278,061.09
38,148.22

0.74%
121,225.09
Aa3/A
NA

3.21 2.95
66815L2Q1

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

4.67%
2,404,556.16
2,404,556.16
101.84

4.12%
2,444,102.23
16,014.00

0.55%
39,546.07
Aa1/AA+
AAA

3.36 3.06
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
102.25

4.13%
2,188,089.80
12,685.44

0.49%
48,368.00
Aa3/AA+
AA+

3.38 3.08
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

98.53 4.51%
3,251,544.71
12,223.02

0.73%
135,387.71
A1/A
AA3.402.26
61747YFA8 MORGAN STANLEY 5.123
02/01/2029 2,650,000.00 02/13/20245.31%
2,632,165.50
2,632,165.50
102.13

4.71%
2,706,560.46
11,313.29

0.61%
74,394.96
A1/AA+3.42

2.25 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
102.37

4.10%
2,559,223.30
8,083.33

0.58%
77,448.30
A2/AA3.44

3.06 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,960,000.00 02/21/20244.86%
1,959,314.00
1,959,314.00
102.71

4.01%
2,013,118.27
1,320.28

0.45%
53,804.27
A1/AANA3.49

3.11 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
102.71

4.01%
2,567,672.25
1,347.22

0.58%
63,522.25
A2/A
A+

3.49 3.19
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

97.94 4.08%
1,469,097.38
23,862.50

0.33%
72,409.50
Aa3/A
NA

3.54 3.24
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
102.56

4.22%
2,389,573.67
47,190.53

0.54%
59,573.67
A2/AAA3.59

3.20 58989V2H6 MET TOWER GLOBAL FUNDING

5.25 04/12/2029 2,000,000.00 05/24/2024

5.27%
1,998,260.00
1,998,260.00
103.43

4.21%
2,068,614.96
40,541.67

0.47%
70,354.96
Aa3/AAAA3.61

3.21 74460DAD1 PUBLIC STORAGE OPERATING CO

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

97.57 4.11%
2,927,039.46
33,850.00

0.66%
164,709.46
A2/A
NA

3.67 3.37
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
103.20

4.22%
1,909,174.64
24,083.40

0.43%
60,710.14
Aa3/AA+
AA+

3.74 3.35
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
102.94

4.15%
2,182,267.77
25,027.78

0.49%
66,338.17
Aa1/AA+
AAA

3.76 3.37
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
102.37

4.07%
3,070,969.95
26,125.00

0.69%
83,359.95
A2/A
A

3.82 3.37
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 3,700,000.00 --4.51%
3,722,196.12
3,722,196.12
101.95

4.11%
3,772,321.94
7,646.67

0.85%
50,125.82
A2/A
A

3.96 3.51
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 2,280,000.00 08/12/20244.33%
2,276,460.36
2,276,460.36
101.30

3.94%
2,309,693.85
4,357.33

0.52%
33,233.49
Aa3/AANA3.96

3.53 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
100.09

4.15%
3,052,648.96
54,878.40

0.69%
2,648.96
Aa1/AA+
NA

4.07 3.64
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
101.42

4.23%
3,494,001.13
37,856.72

0.79%
50,964.78
Aa1/AA+
AAA

4.26 3.80
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
103.09

4.16%
3,768,019.00
26,133.25

0.85%
120,840.70
A1/A+
A+

4.36 3.87
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
102.04

4.30%
3,571,319.89
82,133.33

0.80%
87,419.89
A3/ANA4.51

3.93 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
101.91

4.10%
4,076,438.16
57,127.78

0.92%
69,878.16
A1/A+
NA

4.68 4.13
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
101.64

4.31%
3,303,272.73
39,460.42

0.74%
58,570.23
Aa3/AAAA4.74

4.17 828807DK0 SIMON PROPERTY GROUP LP

2.65 07/15/2030 4,500,000.00 08/19/2025

4.32%
4,170,105.00
4,170,105.00

93.00 4.26%
4,184,957.43
15,237.50

0.94%
14,852.43
A3/A
NA

4.87 4.48
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
Total Corporate 104,022,000.00 4.24%
102,704,386.14
102,704,386.14
100.53

4.13%
104,508,834.74
887,674.77

23.54%
1,804,448.60

3.21 2.85
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 24,739,871.73 --4.25%
24,739,871.73
24,739,871.73

1.00 4.25%
24,739,871.73

0.00 5.57%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 24,739,871.73 4.25%
24,739,871.73
24,739,871.73

1.00 4.25%
24,739,871.73

0.00 5.57%

0.00 0.00

0.00 MONEY MARKET
FUND
60934N807 FEDERATED HRMS GV O SVC 10,513,504.75 --

3.95%
10,513,504.75
10,513,504.75

1.00 3.95%
10,513,504.75

0.00 2.37%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 10,513,504.75 3.95%
10,513,504.75
10,513,504.75

1.00 3.95%
10,513,504.75

0.00 2.37%

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
102.85

3.71%
4,520,455.28
16,481.25

1.02%
102,293.63
Aa2/AAAA3.92

3.56 Total Municipal
Bonds 4,395,000.00 4.38%
4,418,161.65
4,418,161.65
102.85

3.71%
4,520,455.28
16,481.25

1.02%
102,293.63

3.92 3.56

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

99.41 4.33%
6,262,630.16
10,762.50

1.41%
(9,730.69)
Aaa/AAA
NA

0.16 0.15
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

98.05 4.02%
6,265,676.93
20,345.94

1.41%
(95,056.87)
Aaa/AAA
NA

0.64 0.62
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
100.68

3.70%
4,530,728.93
65,385.00

1.02%
103,988.93
Aaa/AAA
NA

4.13 3.73
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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
101.68

3.72%
4,575,728.66
83,015.63

1.03%
91,028.66
Aaa/AAA
NA

4.55 4.05
Total
Supranational 21,690,000.00 2.23%
21,544,534.65
21,544,534.65

99.76 3.98%
21,634,764.67
179,509.06

4.87%
90,230.02

2.06 1.86

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

99.35 4.31%
5,961,210.96
5,054.35

1.34%
38,085.96
Aa1/AA+
AA+

0.17 0.16
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 1,570,000.00 09/23/20210.90%
1,558,899.61
1,558,899.61

96.98 3.87%
1,522,605.63

32.53 0.34%
(36,293.99)
Aa1/AA+
AA+

1.00 0.97
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

96.89 3.85%
3,032,798.82
11,523.70

0.68%
(50,373.45)
Aa1/AA+
AA+

1.08 1.05
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

96.95 3.83%
3,024,937.50
11,827.17

0.68%
(76,050.00)
Aa1/AA+
AA+

1.17 1.13
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 6,650,000.00 --3.12%
6,690,380.86
6,690,380.86

99.30 3.65%
6,603,501.94
36,999.66

1.49%
(86,878.92)
Aa1/AA+
AA+

1.83 1.75
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

98.35 3.65%
1,278,519.53
3,108.70

0.29%
558.59
Aa1/AA+
AA+

1.91 1.84
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 3,450,000.00 --3.45%
3,399,517.58
3,399,517.58

99.04 3.63%
3,416,982.43
297.82

0.77%
17,464.85
Aa1/AA+
AA+

2.00 1.91
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 2,800,000.00 --4.37%
2,770,000.01
2,770,000.01
101.01

3.62%
2,828,218.74
48,598.36

0.64%
58,218.73
Aa1/AA+
AA+

2.08 1.94
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 4,600,000.00 --3.74%
4,628,085.94
4,628,085.94
100.56

3.61%
4,625,695.32
45,293.03

1.04%
(2,390.62)
Aa1/AA+
AA+

2.25 2.11
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 7,000,000.00 --3.78%
7,028,945.31
7,028,945.31
100.60

3.60%
7,042,109.34
46,436.82

1.59%
13,164.03
Aa1/AA+
AA+

2.33 2.19
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

99.77 3.60%
6,983,867.17
21,304.35

1.57%
155,859.36
Aa1/AA+
AA+

2.42 2.28
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
100.96

3.59%
7,067,265.66
773.48

1.59%
117,304.72
Aa1/AA+
AA+

2.50 2.36
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
100.08

3.59%
7,005,742.17
64,477.46

1.58%
121,406.23
Aa1/AA+
AA+

2.75 2.57
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
102.21

3.59%
1,942,007.82
229.63

0.44%
62,046.88
Aa1/AA+
AA+

3.00 2.79
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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
102.99

3.59%
5,973,320.30
112,870.22

1.35%
210,023.42
Aa1/AA+
AA+

3.08 2.80
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
103.78

3.60%
2,075,546.88
32,853.26

0.47%
67,968.75
Aa1/AA+
AA+

3.17 2.87
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
102.35

3.60%
3,479,953.11
37,797.13

0.78%
(2,921.89)
Aa1/AA+
AA+

3.25 2.98
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 11,000,000.00 --3.99%
10,883,007.81
10,883,007.81
100.45

3.60%
11,049,414.09
70,618.21

2.49%
166,406.28
Aa1/AA+
AA+

3.33 3.08
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 5,000,000.00 02/13/2024

4.26%
4,943,164.06
4,943,164.06
101.25

3.61%
5,062,695.30
17,391.30

1.14%
119,531.24
Aa1/AA+
AA+

3.42 3.16
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
102.09

3.61%
7,146,289.08
821.82

1.61%
161,054.70
Aa1/AA+
AA+

3.50 3.23
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
101.70

3.61%
7,118,945.33
121,495.90

1.60%
270,429.70
Aa1/AA+
AA+

3.58 3.25
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 7,000,000.00 --4.48%
7,043,730.48
7,043,730.48
103.41

3.62%
7,238,984.34
109,089.67

1.63%
195,253.86
Aa1/AA+
AA+

3.66 3.30
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
103.02

3.63%
4,533,031.27
50,311.48

1.02%
87,656.27
Aa1/AA+
AA+

3.75 3.39
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
102.19

3.63%
4,087,656.24
29,103.26

0.92%
59,374.99
Aa1/AA+
AA+

3.83 3.49
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

99.95 3.64%
7,996,250.00
801.11

1.80%
(66,562.50)
Aa1/AA+
AA+

4.00 3.69
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 8,500,000.00 --3.66%
8,437,500.00
8,437,500.00

99.46 3.64%
8,454,511.74
125,177.60

1.90%
17,011.74
Aa1/AA+
AA+

4.08 3.71
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 4,500,000.00 12/16/20244.25%
4,474,160.16
4,474,160.16
101.83

3.65%
4,582,441.40
47,167.01

1.03%
108,281.24
Aa1/AA+
AA+

4.25 3.83
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
102.36

3.67%
4,605,996.11
16,630.43

1.04%
122,695.33
Aa1/AA+
AA+

4.42 3.99
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 8,000,000.00 --4.05%
7,936,601.57
7,936,601.57
100.85

3.67%
8,067,812.48
104,456.52

1.82%
131,210.91
Aa1/AA+
AA+

4.66 4.18
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 8,000,000.00 --4.01%
7,996,953.12
7,996,953.12
101.39

3.68%
8,110,937.52
81,311.48

1.83%
113,984.40
Aa1/AA+
AA+

4.75 4.25
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 8,000,000.00 07/09/20253.95%
7,972,500.00
7,972,500.00
100.82

3.69%
8,065,624.96
53,070.65

1.82%
93,124.96
Aa1/AA+
AA+

4.83 4.34
Total US Treasury 168,620,000.00 3.79%
167,798,227.40
167,798,227.40
100.83

3.66%
169,984,873.16
1,306,924.11

38.29%
2,186,645.76

3.20 2.94
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
Total Portfolio 442,596,761.78 3.96%
437,867,413.86
437,867,413.86

92.31 3.90%
443,945,116.24
2,702,630.51
100.00%
6,077,702.37

2.77 2.36
Total Market Value
+ Accrued 446,647,746.74
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 08/01/2025 60934N807 257,767.25 FEDERATED HRMS GV O SVC 1.000 3.99% (257,767.25) 0.00 (257,767.25) 0.00
Purchase 08/04/2025 90LAIF$00 1,000,000.00 Local Agency Investment Fund State Pool 1.000 4.26% (1,000,000.00) 0.00 (1,000,000.00) 0.00 Purchase 08/04/2025 60934N807 4,320.55 FEDERATED HRMS GV O SVC 1.000 3.96% (4,320.55) 0.00 (4,320.55) 0.00
Purchase 08/05/2025 90LAIF$00 200,000.00 Local Agency Investment Fund State Pool 1.000 4.26% (200,000.00) 0.00 (200,000.00) 0.00 Purchase 08/07/2025 60934N807 60,625.00 FEDERATED HRMS GV O SVC 1.000 3.95% (60,625.00) 0.00 (60,625.00) 0.00
Purchase 08/11/2025 90LAIF$00 1,200,000.00 Local Agency Investment Fund State Pool 1.000 4.25% (1,200,000.00) 0.00 (1,200,000.00) 0.00 Purchase 08/11/2025 60934N807 41,332.50 FEDERATED HRMS GV O SVC 1.000 3.96% (41,332.50) 0.00 (41,332.50) 0.00
Purchase 08/12/2025 90LAIF$00 600,000.00 Local Agency Investment Fund State Pool 1.000 4.25% (600,000.00) 0.00 (600,000.00) 0.00 Purchase 08/15/2025 60934N807 208,065.45 FEDERATED HRMS GV O SVC 1.000 3.95% (208,065.45) 0.00 (208,065.45) 0.00
Purchase 08/15/2025 60934N807 315,904.96 FEDERATED HRMS GV O SVC 1.000 3.95% (315,904.96) 0.00 (315,904.96) 0.00
Purchase 08/18/2025 90LAIF$00 200,000.00 Local Agency Investment Fund State Pool 1.000 4.25% (200,000.00) 0.00 (200,000.00) 0.00 Purchase 08/18/2025 60934N807 14,236.92 FEDERATED HRMS GV O SVC 1.000 3.96% (14,236.92) 0.00 (14,236.92) 0.00
Purchase 08/19/2025 90LAIF$00 400,000.00 Local Agency Investment Fund State Pool 1.000 4.25% (400,000.00) 0.00 (400,000.00) 0.00 Purchase 08/20/2025 828807DK0 4,500,000.00 SIMON PROPERTY GROUP LP 2.65 07/15/2030 92.669 4.32% (4,170,105.00) (11,593.75) (4,181,698.75) 0.00 Purchase 08/21/2025 90LAIF$00 3,700,000.00 Local Agency Investment Fund State Pool 1.000 4.25% (3,700,000.00) 0.00 (3,700,000.00) 0.00 Purchase 08/25/2025 60934N807 140,267.95 FEDERATED HRMS GV O SVC 1.000 3.95% (140,267.95) 0.00 (140,267.95) 0.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 08/25/2025 60934N807 143,452.21 FEDERATED HRMS GV O SVC 1.000 3.95% (143,452.21) 0.00 (143,452.21) 0.00
Purchase 08/26/2025 90LAIF$00 4,000,000.00 Local Agency Investment Fund State Pool 1.000 4.25% (4,000,000.00) 0.00 (4,000,000.00) 0.00 Purchase 08/26/2025 90LAIF$00 5,700,000.00 Local Agency Investment Fund State Pool 1.000 4.25% (5,700,000.00) 0.00 (5,700,000.00) 0.00 Purchase 08/26/2025 60934N807 9,880,675.51 FEDERATED HRMS GV O SVC 1.000 3.96% (9,880,675.51) 0.00 (9,880,675.51) 0.00 Purchase 08/26/2025 60934N807 47,530.00 FEDERATED HRMS GV O SVC 1.000 3.96% (47,530.00) 0.00 (47,530.00) 0.00
Purchase 08/27/2025 60934N807 60,625.00 FEDERATED HRMS GV O SVC 1.000 3.97% (60,625.00) 0.00 (60,625.00) 0.00
Total Purchase 32,674,803.30 (32,344,908.30) (11,593.75) (32,356,502.05) 0.00 TOTAL
ACQUISITIONS 32,674,803.30 (32,344,908.30) (11,593.75) (32,356,502.05) 0.00

DISPOSITIONS
Sale 08/06/2025 90LAIF$00 (3,000,000.00) Local Agency Investment Fund State Pool 1.000 4.26% 3,000,000.00 0.00 3,000,000.00 0.00 Sale 08/06/2025 90LAIF$00 (2,000,000.00) Local Agency Investment Fund State Pool 1.000 4.26% 2,000,000.00 0.00 2,000,000.00 0.00 Sale 08/07/2025 90LAIF$00 (2,500,000.00) Local Agency Investment Fund State Pool 1.000 4.25% 2,500,000.00 0.00 2,500,000.00 0.00 Sale 08/13/2025 90LAIF$00 (2,000,000.00) Local Agency Investment Fund State Pool 1.000 4.25% 2,000,000.00 0.00 2,000,000.00 0.00 Sale 08/14/2025 90LAIF$00 (3,300,000.00) Local Agency Investment Fund State Pool 1.000 4.25% 3,300,000.00 0.00 3,300,000.00 0.00 Sale 08/20/2025 90LAIF$00 (6,500,000.00) Local Agency Investment Fund State Pool 1.000 4.25% 6,500,000.00 0.00 6,500,000.00 0.00 Sale 08/20/2025 60934N807 (475,827.48) FEDERATED HRMS GV O SVC 1.000 3.94% 475,827.48 0.00 475,827.48 0.00
Sale 08/20/2025 60934N807 (1,808,284.95) FEDERATED HRMS GV O SVC 1.000 3.94% 1,808,284.95 0.00 1,808,284.95 0.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
Sale 08/20/2025 3137EAEX3 (1,895,000.00)

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025

99.629 0.44% 1,887,969.55 (2,901.72) 1,890,871.27 (1,326.50) Sale 08/25/2025 90LAIF$00 (1,400,000.00) Local Agency Investment Fund State Pool 1.000 4.25% 1,400,000.00 0.00 1,400,000.00 0.00 Sale 08/26/2025 756109AU8 (4,500,000.00) REALTY INCOME CORP

3.65 01/15/2028 99.017 5.00% 4,455,765.00 (18,706.25) 4,474,471.25 212,955.00 Sale 08/26/2025 57636QAW4 (2,090,000.00) MASTERCARD INC 4.875 03/09/2028 102.303 4.90% 2,138,132.70 (47,264.48) 2,185,397.18 50,160.00 Sale 08/26/2025 91324PEP3 (1,500,000.00) UNITEDHEALTH GROUP INC 5.25 02/15/2028 102.687 4.75% 1,540,305.00 (2,406.25) 1,542,711.25 8,085.00 Sale 08/26/2025 037833ET3 (1,650,000.00) APPLE INC 4.0
05/10/2028 100.525 4.01% 1,658,662.50 (19,433.33) 1,678,095.83 9,579.00 Sale 08/27/2025 90LAIF$00 (3,300,000.00) Local Agency Investment Fund State Pool 1.000 4.25% 3,300,000.00 0.00 3,300,000.00 0.00 Sale 08/28/2025 90LAIF$00 (1,200,000.00) Local Agency Investment Fund State Pool 1.000 4.25% 1,200,000.00 0.00 1,200,000.00 0.00 Total Sale (39,119,112.43) 39,164,947.18 (90,712.03) 39,255,659.21 279,452.50 TOTAL
DISPOSITIONS (39,119,112.43) 39,164,947.18 (90,712.03) 39,255,659.21 279,452.50 OTHER

TRANSACTIONS
Cash Transfer 08/04/2025 CCYUSD 1,000,000.00 Cash 0.00% 1,000,000.00 0.00 1,000,000.00 0.00 Cash Transfer 08/05/2025 CCYUSD 200,000.00 Cash 0.00% 200,000.00 0.00 200,000.00 0.00 Cash Transfer 08/06/2025 CCYUSD (5,000,000.00) Cash 0.00% (5,000,000.00) 0.00 (5,000,000.00) 0.00 Cash Transfer 08/07/2025 CCYUSD (2,500,000.00) Cash 0.00% (2,500,000.00) 0.00 (2,500,000.00) 0.00 Cash Transfer 08/11/2025 CCYUSD 1,200,000.00 Cash 0.00% 1,200,000.00 0.00 1,200,000.00 0.00 Cash Transfer 08/12/2025 CCYUSD 600,000.00 Cash 0.00% 600,000.00 0.00 600,000.00 0.00 Cash Transfer 08/13/2025 CCYUSD (2,000,000.00) Cash 0.00% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Cash Transfer 08/14/2025 CCYUSD (3,300,000.00) Cash 0.00% (3,300,000.00) 0.00 (3,300,000.00) 0.00 Cash Transfer 08/18/2025 CCYUSD 200,000.00 Cash 0.00% 200,000.00 0.00 200,000.00 0.00 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
Cash Transfer 08/19/2025 CCYUSD 400,000.00 Cash 0.00% 400,000.00 0.00 400,000.00 0.00 Cash Transfer 08/20/2025 CCYUSD (6,500,000.00) Cash 0.00% (6,500,000.00) 0.00 (6,500,000.00) 0.00 Cash Transfer 08/21/2025 CCYUSD 3,700,000.00 Cash 0.00% 3,700,000.00 0.00 3,700,000.00 0.00 Cash Transfer 08/25/2025 CCYUSD (1,400,000.00) Cash 0.00% (1,400,000.00) 0.00 (1,400,000.00) 0.00 Cash Transfer 08/26/2025 CCYUSD 9,700,000.00 Cash 0.00% 9,700,000.00 0.00 9,700,000.00 0.00 Cash Transfer 08/27/2025 CCYUSD (3,300,000.00) Cash 0.00% (3,300,000.00) 0.00 (3,300,000.00) 0.00 Cash Transfer 08/28/2025 CCYUSD (1,200,000.00) Cash 0.00% (1,200,000.00) 0.00 (1,200,000.00) 0.00 Total Cash
Transfer (8,200,000.00) (8,200,000.00) 0.00 (8,200,000.00) 0.00 Coupon 08/01/2025 78016HZS2 0.00 ROYAL BANK OF CANADA

5.2 08/01/2028 5.50% 91,000.00 0.00 91,000.00 0.00
Coupon 08/01/2025 61747YFA8 0.00 MORGAN STANLEY 5.123
02/01/2029 5.31% 67,879.75 0.00 67,879.75 0.00
Coupon 08/01/2025 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 08/01/2025 3137F4D41 0.00 FHMS K-074 A2 3.6
01/25/2028 4.93% 9,000.00 0.00 9,000.00 0.00
Coupon 08/01/2025 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 08/01/2025 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 08/01/2025 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 08/01/2025 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 08/01/2025 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 08/01/2025 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 08/01/2025 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 08/01/2025 3137FGR31 0.00 FHMS K-078 A2 3.854
06/25/2028 4.42% 6,413.70 0.00 6,413.70 0.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 08/01/2025 13063EGT7 0.00 CALIFORNIA STATE 4.5
08/01/2029 4.38% 98,887.50 0.00 98,887.50 0.00
Coupon 08/01/2025 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 08/01/2025 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 08/07/2025 63743HFN7 0.00

NATIONAL RURAL

UTILITIES COOPERATIVE
FINANCE CORP 4.85
02/07/2029

5.02% 60,625.00 0.00 60,625.00 0.00
Coupon 08/10/2025 69371RS64 0.00 PACCAR FINANCIAL CORP

4.95 08/10/2028 4.99% 41,332.50 0.00 41,332.50 0.00
Coupon 08/15/2025 44934FAD7 0.00 HALST 2024-B A3 5.41
05/17/2027 5.41% 7,280.96 0.00 7,280.96 0.00
Coupon 08/15/2025 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.32% 4,810.17 0.00 4,810.17 0.00
Coupon 08/15/2025 02582JKH2 0.00 AMXCA 2024-1 A 5.23
04/16/2029 5.23% 13,380.08 0.00 13,380.08 0.00
Coupon 08/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 15,673.50 0.00 15,673.50 0.00
Coupon 08/15/2025 437918AC9 0.00 HAROT 2024-1 A3 5.21
08/15/2028 5.21% 14,913.63 0.00 14,913.63 0.00
Coupon 08/15/2025 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.20% 9,100.00 0.00 9,100.00 0.00
Coupon 08/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.01% 5,237.58 0.00 5,237.58 0.00
Coupon 08/15/2025 448973AD9 0.00 HART 2024-A A3 4.99
02/15/2029 4.98% 8,316.67 0.00 8,316.67 0.00
Coupon 08/15/2025 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 8,606.96 0.00 8,606.96 0.00
Coupon 08/15/2025 05522RDH8 0.00 BACCT 2023-2 A 4.98
11/16/2026 4.85% 8,300.00 0.00 8,300.00 0.00
Coupon 08/15/2025 44935WAD9 0.00 HALST 2025-A A3 4.83
01/18/2028 4.83% 8,412.25 0.00 8,412.25 0.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 21

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 08/15/2025 91324PEP3 0.00 UNITEDHEALTH GROUP
INC 5.25 02/15/2028 4.75% 39,375.00 0.00 39,375.00 0.00 Coupon 08/15/2025 171239AL0 0.00 CHUBB INA HOLDINGS
LLC 4.65 08/15/2029 4.51% 86,025.00 0.00 86,025.00 0.00 Coupon 08/15/2025 30303M8S4 0.00 META PLATFORMS INC

4.3 08/15/2029 4.33% 49,020.00 0.00 49,020.00 0.00
Coupon 08/15/2025 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 08/15/2025 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 08/15/2025 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 12,055.33 0.00 12,055.33 0.00
Coupon 08/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 7,332.00 0.00 7,332.00 0.00
Coupon 08/15/2025 47787JAC2 0.00 JDOT 2022 A3 2.32
09/15/2026 2.33% 154.83 0.00 154.83 0.00
Coupon 08/15/2025 448977AD0 0.00 HART 2022-A A3 2.22
10/15/2026 2.22% 66.23 0.00 66.23 0.00
Coupon 08/15/2025 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.88% 65.02 0.00 65.02 0.00
Coupon 08/16/2025 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 08/18/2025 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 08/20/2025 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 08/25/2025 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 08/25/2025 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 08/25/2025 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 154.67 0.00 154.67 0.00
Coupon 08/26/2025 17275RBR2 0.00 CISCO SYSTEMS INC 4.85 02/26/2029 4.86% 47,530.00 0.00 47,530.00 0.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 08/27/2025 14913UAJ9 0.00

CATERPILLAR FINANCIAL
SERVICES CORP 4.85
02/27/2029

4.81% 60,625.00 0.00 60,625.00 0.00
Coupon 08/31/2025 91282CHX2 0.00 UNITED STATES TREASURY

4.375 08/31/2028 4.62% 41,562.50 0.00 41,562.50 0.00
Coupon 08/31/2025 91282CKD2 0.00 UNITED STATES TREASURY

4.25 02/28/2029 4.30% 148,750.00 0.00 148,750.00 0.00
Coupon 08/31/2025 91282CGP0 0.00 UNITED STATES TREASURY

4.0 02/29/2028 4.16% 140,000.00 0.00 140,000.00 0.00
Coupon 08/31/2025 91282CLK5 0.00 UNITED STATES TREASURY

3.625 08/31/2029 3.45% 145,000.00 0.00 145,000.00 0.00
Coupon 08/31/2025 91282CFH9 0.00 UNITED STATES TREASURY

3.125 08/31/2027 3.45% 53,906.25 0.00 53,906.25 0.00
Coupon 08/31/2025 91282CCW9 0.00 UNITED STATES TREASURY

0.75 08/31/2026 0.90% 5,887.50 0.00 5,887.50 0.00
Total Coupon 0.00 1,480,110.88 0.00 1,480,110.88 0.00
Dividend 08/31/2025 60934N807 0.00 FEDERATED HRMS GV O
SVC 3.95% 11,303.47 0.00 11,303.47 0.00
Total Dividend 0.00 11,303.47 0.00 11,303.47 0.00
Principal Paydown 08/15/2025 47800CAC0 100,861.30 JDOT 2023 A3 5.01 11/15/2027 5.01% 100,861.30 -- 100,861.30 18.38
Principal Paydown 08/15/2025 47787JAC2 29,902.51 JDOT 2022 A3 2.32 09/15/2026 2.33% 29,902.51 -- 29,902.51 6.62
Principal Paydown 08/15/2025 448977AD0 35,798.04 HART 2022-A A3 2.22 10/15/2026 2.22% 35,798.04 -- 35,798.04 1.37
Principal Paydown 08/15/2025 43815BAC4 41,503.60 HAROT 2022-1 A3 1.88 05/15/2026 1.88% 41,503.60 -- 41,503.60 6.24
Principal Paydown 08/25/2025 05611UAD5 108,504.89 BMWLT 2024-1 A3 4.98 03/25/2027 5.01% 108,504.89 -- 108,504.89 97.48
Principal Paydown 08/25/2025 05602RAD3 34,947.32 BMWOT 2022-A A3 3.21 08/25/2026 3.21% 34,947.32 -- 34,947.32 1.82
Total Principal
Paydown 351,517.66 351,517.66 -- 351,517.66 131.92
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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

TOTAL OTHER
TRANSACTIONS (7,848,482.34) (6,357,067.99) 0.00 (6,357,067.99) 131.92 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 24

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

CASH & EQUIVALENTS
60934N807 FEDERATED HRMS GV O SVC
10,513,504.75
1,622,813.88
11,174,803.30
(2,284,112.43)
10,513,504.75

0.00 4,320.55

0.00 4,320.55

0.00 0.00

0.00 4,320.55
4,320.55
CCYUSD Receivable
783,182.09
147,911.91

0.00 0.00
783,182.09

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 CCYUSD Cash

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00
Total Cash & Equivalents 11,296,686.84
1,770,725.79
11,174,803.30
(2,284,112.43)
11,296,686.84

0.00 4,320.55

0.00 4,320.55

0.00 0.00

0.00 4,320.55 4,320.55

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
10,675.97

0.00 14,730.14
4,054.17

0.00 0.00

0.00 4,054.17
4,054.17
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
3,379,938.82

0.00 0.00
3,379,938.82
6,429.51
12,055.33
6,429.51
12,055.33

0.00 0.00

0.00 12,055.33
12,055.33
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
68,133.33

0.00 82,133.33
14,000.00

0.00 0.00

0.00 14,000.00
14,000.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 25

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

0.00 1,649,083.50

0.00 (1,649,083.50)

0.00 14,850.00
19,433.33

0.00 4,583.33

0.00 0.00

0.00 4,583.33
4,583.33
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
22,874.32
57,818.63

0.00 (34,945.50)
22,873.13

30.93 154.67

12.24 135.97

0.00 0.00

0.00 135.97
135.97
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027
03/25/2024
03/27/2024
1,691,495.11
1,798,382.81

0.00 (108,407.41)
1,689,975.40
1,494.00
7,470.00
1,403.94
7,379.94

0.00 0.00

0.00 7,379.94
7,379.94
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
98,887.50
98,887.50
16,481.25
16,481.25

0.00 0.00

0.00 16,481.25
16,481.25
14913UAJ9

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

0.00 0.00
2,504,150.00
51,868.06
60,625.00
1,347.22
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
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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
79,334.17
86,025.00
7,646.67
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
40,928.61
47,530.00
1,320.28
7,921.67

0.00 0.00

0.00 7,921.67
7,921.67
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
3,555.90

0.00 13,253.82
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
27,351.56

0.00 38,148.22
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
19,550.00

0.00 23,862.50
4,312.50

0.00 0.00

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

0.00 0.00
2,276,460.36
45,207.33
49,020.00
4,357.33
8,170.00

0.00 0.00

0.00 8,170.00
8,170.00
3130AWN63 FEDERAL HOME LOAN BANKS

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

0.00 0.00
2,931,360.00
10,333.33

0.00 20,333.33
10,000.00

0.00 0.00

0.00 10,000.00
10,000.00
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
7,350.00

0.00 9,975.00
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
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 27

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025 4,400,000.00
6,276,346.05

0.00 (1,889,296.05)
4,387,050.00
8,393.33
2,901.72
7,241.67
1,750.05

0.00 0.00

0.00 1,750.05
1,750.05
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
3137FETN0 FHMS K-073 A2 3.35
01/25/2028 6,000,000.00
5,707,999.69

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

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00

0.00 10,231.00
10,231.00
3137FJKE8 FHMS K-082 A2 3.92
09/25/2028
11/28/2023
12/01/2023
2,500,000.00
2,411,328.13

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

0.00 0.00

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

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

0.00 0.00

0.00 14,115.75
14,115.75
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 28

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
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
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
44,256.77

0.00 54,878.40
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
14,250.00

0.00 26,125.00
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: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022

0.00 41,497.36

0.00 (41,497.36)

0.00 34.68

65.02 0.00

30.34 0.00

0.00 0.00

30.34 30.34
448973AD9 HART 2024-A A3 4.99
02/15/2029
03/26/2024
03/28/2024
2,000,000.00
2,000,781.25

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

0.00 0.00

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

0.00 35,796.67

0.00 (35,796.67)

0.00 35.32

66.23 0.00

30.91 0.00

0.00 0.00

30.91 30.91
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
15,686.56

0.00 20,345.94
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
8,137.50

0.00 10,762.50
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/12/2024
12/13/2024
4,500,000.00
4,426,740.00

0.00 0.00
4,426,740.00
50,859.38

0.00 65,385.00
14,525.63

0.00 0.00

0.00 14,525.63
14,525.63
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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
67,546.88

0.00 83,015.63
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
2,573.27

0.00 12,223.02
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
50,183.87
80,068.66

0.00 (29,895.89)
50,172.77

82.58 154.83

51.75 124.00

0.00 0.00

0.00 124.00
124.00
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
1,153,649.91
1,254,282.63

0.00 (100,842.92)
1,153,439.71
2,793.38
5,237.58
2,568.79
5,013.00

0.00 0.00

0.00 5,013.00
5,013.00
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
16,143.82

0.00 24,083.40
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
4,036.28

0.00 12,685.44
8,649.17

0.00 0.00

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

0.00 0.00
2,271,369.92
1,136.00

0.00 3,408.00
2,272.00

0.00 0.00

0.00 2,272.00
2,272.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
57636QAW4 MASTERCARD INC 4.875
03/09/2028
03/06/2023
03/09/2023

0.00 2,087,972.70

0.00 (2,087,972.70)

0.00 40,188.96
47,264.48

0.00 7,075.52

0.00 0.00

0.00 7,075.52
7,075.52
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
16,441.88

0.00 23,107.50
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
8,158.16

0.00 9,944.62
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
31,791.67

0.00 40,541.67
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
2,588.54

0.00 6,471.35
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
67,879.75
67,879.75
11,313.29
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
58,604.17
60,625.00
8,083.33
10,104.17

0.00 0.00

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

0.00 0.00
2,115,929.60
16,194.44

0.00 25,027.78
8,833.33

0.00 0.00

0.00 8,833.33
8,833.33
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 32

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
24,650.89

0.00 37,856.72
13,205.83

0.00 0.00

0.00 13,205.83
13,205.83
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
6,594.00

0.00 16,014.00
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
39,265.88
41,332.50
4,822.13
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
4,006,560.00

0.00 0.00
4,006,560.00
41,961.11

0.00 57,127.78
15,166.67

0.00 0.00

0.00 15,166.67
15,166.67
74153WCW7 PRICOA GLOBAL FUNDING I

4.7 05/28/2030
05/21/2025
05/28/2025
3,250,000.00
3,244,702.50

0.00 0.00
3,244,702.50
26,731.25

0.00 39,460.42
12,729.17

0.00 0.00

0.00 12,729.17
12,729.17
74340XCG4 PROLOGIS LP 4.875
06/15/2028 4,000,000.00
3,959,713.70

0.00 0.00
3,959,713.70
24,916.67

0.00 41,166.67
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
45,625.00

0.00 54,750.00
9,125.00

0.00 0.00

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

0.00 0.00
2,762,330.00
25,387.50

0.00 33,850.00
8,462.50

0.00 0.00

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

0.00 (4,242,810.00)

0.00 7,300.00
18,706.25

0.00 11,406.25

0.00 0.00

0.00 11,406.25
11,406.25
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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
91,000.00
91,000.00
15,166.67
15,166.67

0.00 0.00

0.00 15,166.67
15,166.67
828807DK0 SIMON PROPERTY GROUP LP

2.65 07/15/2030
08/19/2025
08/20/2025
4,500,000.00

0.00 4,170,105.00

0.00 4,170,105.00

0.00 (11,593.75)
15,237.50
3,643.75

0.00 0.00

0.00 3,643.75
3,643.75
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
51,236.11

0.00 62,538.19
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
20,836.67

0.00 25,270.00
4,433.33

0.00 0.00

0.00 4,433.33
4,433.33
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
37,493.84

0.00 47,190.53
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
4,467.97

0.00 7,585.16
3,117.19

0.00 0.00

0.00 3,117.19
3,117.19
89236TNA9 TOYOTA MOTOR CREDIT
CORP 4.95 01/09/2030
01/06/2025
01/09/2025
3,655,000.00
3,647,178.30

0.00 0.00
3,647,178.30
11,056.38

0.00 26,133.25
15,076.88

0.00 0.00

0.00 15,076.88
15,076.88
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
3,790.76

0.00 5,054.35
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
4,927.58

0.00 32.53
(4,895.05)

0.00 0.00

0.00 (4,895.05)
(4,895.05)
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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
9,204.00

0.00 11,523.70
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
8,870.38

0.00 11,827.17
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
18,793.48

0.00 36,999.66
18,206.18

0.00 0.00

0.00 18,206.18
18,206.18
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

97.15 0.00
3,108.70
3,011.55

0.00 0.00

0.00 3,011.55
3,011.55
91282CFH9 UNITED STATES TREASURY

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

0.00 0.00
3,399,517.58
45,117.19

0.00 297.82
(44,819.36)

0.00 0.00

0.00 (44,819.36)
(44,819.36)
91282CFM8 UNITED STATES TREASURY

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

0.00 0.00
2,770,000.01
38,815.57

0.00 48,598.36
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
30,195.36

0.00 45,293.03
15,097.68

0.00 0.00

0.00 15,097.68
15,097.68
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
23,586.96

0.00 46,436.82
22,849.86

0.00 0.00

0.00 22,849.86
22,849.86
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
665.76

0.00 21,304.35
20,638.59

0.00 0.00

0.00 20,638.59
20,638.59
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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
117,173.91

0.00 773.48
(116,400.43)

0.00 0.00

0.00 (116,400.43)
(116,400.43)
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
42,984.97

0.00 64,477.46
21,492.49

0.00 0.00

0.00 21,492.49
21,492.49
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
34,786.01

0.00 229.63
(34,556.38)

0.00 0.00

0.00 (34,556.38)
(34,556.38)
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
90,149.59

0.00 112,870.22
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
24,639.95

0.00 32,853.26
8,213.32

0.00 0.00

0.00 8,213.32
8,213.32
91282CJN2 UNITED STATES TREASURY

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

0.00 0.00
3,482,875.00
25,198.09

0.00 37,797.13
12,599.04

0.00 0.00

0.00 12,599.04
12,599.04
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
35,869.57

0.00 70,618.21
34,748.64

0.00 0.00

0.00 34,748.64
34,748.64
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
543.48

0.00 17,391.30
16,847.83

0.00 0.00

0.00 16,847.83
16,847.83
91282CKD2 UNITED STATES TREASURY

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

0.00 0.00
6,985,234.38
124,497.28

0.00 821.82
(123,675.46)

0.00 0.00

0.00 (123,675.46)
(123,675.46)
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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
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
97,038.93

0.00 121,495.90
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
81,817.26

0.00 109,089.67
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
33,540.98

0.00 50,311.48
16,770.49

0.00 0.00

0.00 16,770.49
16,770.49
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
14,782.61

0.00 29,103.26
14,320.65

0.00 0.00

0.00 14,320.65
14,320.65
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
121,358.70

0.00 801.11
(120,557.59)

0.00 0.00

0.00 (120,557.59)
(120,557.59)
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
99,979.51

0.00 125,177.60
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
31,444.67

0.00 47,167.01
15,722.34

0.00 0.00

0.00 15,722.34
15,722.34
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
519.70

0.00 16,630.43
16,110.73

0.00 0.00

0.00 16,110.73
16,110.73
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030 8,000,000.00
7,936,601.57

0.00 0.00
7,936,601.57
78,342.39

0.00 104,456.52
26,114.13

0.00 0.00

0.00 26,114.13
26,114.13
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 37

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 8,000,000.00
7,996,953.12

0.00 0.00
7,996,953.12
54,207.65

0.00 81,311.48
27,103.83

0.00 0.00

0.00 27,103.83
27,103.83
91282CNK3 UNITED STATES TREASURY

3.875 06/30/2030
07/09/2025
07/10/2025
8,000,000.00
7,972,500.00

0.00 0.00
7,972,500.00
26,956.52

0.00 53,070.65
26,114.13

0.00 0.00

0.00 26,114.13
26,114.13
91324PEC2 UNITEDHEALTH GROUP INC

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

0.00 0.00
807,605.05
1,954.36

0.00 2,725.82
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
10,662.17

0.00 14,870.92
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

0.00 1,532,220.00

0.00 (1,532,220.00)

0.00 36,312.50
41,781.25

0.00 5,468.75

0.00 0.00

0.00 5,468.75
5,468.75
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
3,068.04

0.00 3,754.92
686.88

0.00 0.00

0.00 686.88
686.88
Total Fixed Income 406,560,203.20
409,413,518.28
4,170,105.00
(11,752,767.99)
401,830,855.29
2,995,696.66
1,024,122.91
2,702,630.51
731,056.76

0.00 0.00

0.00 731,056.76 731,056.76
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 24,739,871.73
32,939,871.73
17,000,000.00
(25,200,000.00)
24,739,871.73

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 38

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
Total LAIF 24,739,871.73
32,939,871.73
17,000,000.00
(25,200,000.00)
24,739,871.73

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
TOTAL PORTFOLIO 442,596,761.78
444,124,115.81
32,344,908.30
(39,236,880.42)
437,867,413.86
2,995,696.66
1,028,443.46
2,702,630.51
735,377.31

0.00 0.00

0.00 735,377.31 735,377.31
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 39

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount SEPTEMBER 2025
09/02/2025 Coupon 74456QBX3 0.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 54,750.00 54,750.00
09/02/2025 Coupon 91282CCW9 0.00 UNITED STATES TREASURY 0.75 08/31/2026 5,887.50 5,887.50 09/02/2025 Coupon 91282CFH9 0.00 UNITED STATES TREASURY 3.125 08/31/2027 53,906.25 53,906.25 09/02/2025 Coupon 91282CLK5 0.00 UNITED STATES TREASURY 3.625 08/31/2029 145,000.00 145,000.00 09/02/2025 Coupon 91282CGP0 0.00 UNITED STATES TREASURY 4.0 02/29/2028 140,000.00 140,000.00 09/02/2025 Coupon 91282CKD2 0.00 UNITED STATES TREASURY 4.25 02/28/2029 148,750.00 148,750.00 09/02/2025 Coupon 91282CHX2 0.00 UNITED STATES TREASURY 4.375 08/31/2028 41,562.50 41,562.50 09/03/2025 Dividend 60934N807 0.00 11,303.47 11,303.47
09/05/2025 Coupon 02665WFY2 3,500,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 84,000.00 84,000.00
09/05/2025 Sell 91282CAT8 0.00 UNITED STATES TREASURY 0.25 10/31/2025 5,969,358.02 5,969,358.02 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 09/15/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 15,304.32 15,304.32 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 50,183.87 JDOT 2022 A3 2.32 09/15/2026 91.05 91.05 09/15/2025 Principal Paydown 47787JAC2 50,183.87 JDOT 2022 A3 2.32 09/15/2026 27,058.13 27,058.13 09/15/2025 Coupon 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 4,816.49 4,816.49 09/15/2025 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 89,209.53 89,209.53 09/15/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 40

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 4,400,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 8,250.00 8,250.00
09/23/2025 Final Maturity 3137EAEX3 4,400,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 4,400,000.00 4,400,000.00
09/25/2025 Coupon 05602RAD3 22,874.32 BMWOT 2022-A A3 3.21 08/25/2026 67.62 67.62 09/25/2025 Effective Maturity 05602RAD3 22,874.32 BMWOT 2022-A A3 3.21 08/25/2026 25,276.85 25,276.85 09/25/2025 Coupon 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 6,981.47 6,981.47 09/25/2025 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 152,891.41 152,891.41 09/25/2025 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 8,007.42 8,007.42 09/25/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 09/25/2025 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 7,800.00 7,800.00 09/25/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 428.48 428.48 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 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 10,690,830.21 1,773,983.47 12,464,813.68
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 14,847.18 14,847.18 10/15/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 197,171.14 197,171.14 10/15/2025 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,316.67 8,316.67 10/15/2025 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 7,280.96 7,280.96 10/15/2025 Coupon 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 50,183.87 JDOT 2022 A3 2.32 09/15/2026 38.73 38.73 10/15/2025 Effective Maturity 47787JAC2 50,183.87 JDOT 2022 A3 2.32 09/15/2026 20,035.19 20,035.19 10/15/2025 Coupon 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 4,444.04 4,444.04 10/15/2025 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 110,206.42 110,206.42 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 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 10/15/2025 Dividend 90LAIF$00 24,739,871.73 Local Agency Investment Fund State Pool 236,772.38 236,772.38 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 91,730.25 91,730.25 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 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 6,346.98 6,346.98 10/27/2025 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 154,068.13 154,068.13 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 7,798.89 7,798.89 10/27/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,380.57 6,380.57 10/27/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 10/27/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 10/27/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 10/27/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 10/27/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 10/27/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 10/27/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 10/27/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 10/27/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 10/27/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 10/28/2025 Coupon 459058JL8 6,300,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 15,750.00 15,750.00
10/28/2025 Final Maturity 459058JL8 6,300,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 6,300,000.00 6,300,000.00
10/31/2025 Coupon 91282CDG3 3,120,000.00 UNITED STATES TREASURY 1.125 10/31/2026 17,550.00 17,550.00 10/31/2025 Coupon 91282CJF9 2,000,000.00 UNITED STATES TREASURY 4.875 10/31/2028 48,750.00 48,750.00 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 8,000,000.00 UNITED STATES TREASURY 3.875 04/30/2030 155,000.00 155,000.00 October 2025 Total 7,116,364.09 925,068.13 8,041,432.22 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 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 7,651.97 7,651.97 11/17/2025 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 89,606.31 89,606.31 11/17/2025 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 13,991.13 13,991.13 11/17/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 192,192.91 192,192.91 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 86,668.41 86,668.41 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 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 3,983.93 3,983.93 11/17/2025 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 130,025.97 130,025.97 11/17/2025 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 2,973.34 2,973.34 11/25/2025 Coupon 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 5,707.59 5,707.59 11/25/2025 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 160,363.68 160,363.68 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 7,782.30 7,782.30 11/25/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,075.29 6,075.29 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 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 6,967,905.90 690,817.67 7,658,723.57
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 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 12/01/2025 Coupon 91282CNG2 8,000,000.00 UNITED STATES TREASURY 4.0 05/31/2030 160,000.00 160,000.00 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
12/15/2025 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 13,156.69 13,156.69 12/15/2025 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 182,330.62 182,330.62 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 6,890.23 6,890.23 12/15/2025 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 178,465.26 178,465.26 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 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 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 3,441.07 3,441.07 12/15/2025 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 87,347.10 87,347.10 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 7,289.81 7,289.81 12/16/2025 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 98,604.61 98,604.61 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 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 23,046.31 23,046.31 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 6,701.69 6,701.69 12/22/2025 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 161,040.57 161,040.57 12/25/2025 Coupon 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 5,042.08 5,042.08 12/25/2025 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 137,400.20 137,400.20 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 7,766.50 7,766.50 12/25/2025 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,399.07 6,399.07 12/25/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 12/25/2025 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 3,082.50 3,082.50 12/25/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 12/25/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 12/25/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 12/25/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 12/25/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 12/25/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 12/25/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 12/25/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 12/25/2025 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 12/26/2025 Coupon 437076DC3 3,000,000.00 HOME DEPOT INC 4.75 06/25/2029 71,250.00 71,250.00 12/30/2025 Coupon 3130AWN63 3,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/30/2028 60,000.00 60,000.00 12/31/2025 Coupon 91282CEW7 6,650,000.00 UNITED STATES TREASURY 3.25 06/30/2027 108,062.50 108,062.50 12/31/2025 Coupon 91282CGC9 7,000,000.00 UNITED STATES TREASURY 3.875 12/31/2027 135,625.00 135,625.00 12/31/2025 Coupon 91282CJR3 11,000,000.00 UNITED STATES TREASURY 3.75 12/31/2028 206,250.00 206,250.00 12/31/2025 Coupon 91282CKX8 4,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 85,000.00 85,000.00 12/31/2025 Coupon 91282CNK3 8,000,000.00 UNITED STATES TREASURY 3.875 06/30/2030 155,000.00 155,000.00 December 2025
Total 877,716.25 2,054,563.45 2,932,279.70
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 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 12,365.07 12,365.07 01/15/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 178,746.47 178,746.47 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 64,022.08 64,022.08 01/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 6,085.65 6,085.65 01/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 178,317.39 178,317.39 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 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 3,076.39 3,076.39 01/15/2026 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 99,193.48 99,193.48 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 01/15/2026 Coupon 828807DK0 4,500,000.00 SIMON PROPERTY GROUP LP 2.65 07/15/2030 59,625.00 59,625.00 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 6,891.28 6,891.28 01/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 96,897.42 96,897.42 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 6,113.00 6,113.00 01/19/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 78,102.01 78,102.01 01/20/2026 Coupon 24422EWR6 2,450,000.00 JOHN DEERE CAPITAL CORP 4.75 01/20/2028 58,187.50 58,187.50 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 01/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 5,978.35 5,978.35 01/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 228,265.20 228,265.20 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 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 4,471.87 4,471.87 01/26/2026 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 251,179.67 251,179.67 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 51,227.19 51,227.19 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 7,749.86 7,749.86 01/26/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 123,224.49 123,224.49 01/26/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,990.75 8,990.75 01/26/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,274.42 5,274.42 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 January 2026 Total 1,419,857.35 702,848.90 2,122,706.25 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 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 6,499.65 6,499.65 02/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 95,854.08 95,854.08 02/16/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 11,589.01 11,589.01 02/16/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 176,133.72 176,133.72 02/16/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 8,050.44 8,050.44 02/16/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 107,807.99 107,807.99 02/16/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 5,281.73 5,281.73 02/16/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 121,084.80 121,084.80 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 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 2,662.26 2,662.26 02/16/2026 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 65,583.23 65,583.23 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 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 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 5,770.00 5,770.00 02/18/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 77,023.16 77,023.16 02/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 4,953.05 4,953.05 02/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 198,029.37 198,029.37 02/25/2026 Coupon 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 3,429.48 3,429.48 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 02/25/2026 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 198,964.50 198,964.50 02/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 7,786.29 7,786.29 02/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 100,554.31 100,554.31 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 7,429.48 7,429.48 02/25/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 25,147.56 25,147.56 02/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,974.93 8,974.93 02/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,292.16 5,292.16 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 1,245,864.61 1,224,347.57 2,470,212.18
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 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 03/05/2026 Coupon 02665WFY2 3,500,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 84,000.00 84,000.00
03/10/2026 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 6,112.24 6,112.24 03/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 92,881.20 92,881.20 03/16/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 10,824.30 10,824.30 03/16/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 170,752.96 170,752.96 03/16/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 7,602.14 7,602.14 03/16/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 104,399.39 104,399.39 03/16/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 4,735.84 4,735.84 03/16/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 136,898.55 136,898.55 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 Coupon 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 2,388.45 2,388.45 03/16/2026 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 58,517.65 58,517.65 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 5,431.74 5,431.74 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 03/18/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 74,631.13 74,631.13 03/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 4,063.57 4,063.57 03/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 183,188.02 183,188.02 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 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 2,603.77 2,603.77 03/25/2026 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 201,559.61 201,559.61 03/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 7,352.23 7,352.23 03/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 97,474.17 97,474.17 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 7,364.10 7,364.10 03/25/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 224,038.49 224,038.49 03/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,959.05 8,959.05 03/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 6,486.69 6,486.69 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 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 1,420,895.06 1,744,323.89 3,165,218.95 APRIL 2026
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 10,082.95 10,082.95 04/15/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 176,169.55 176,169.55 04/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 7,168.01 7,168.01 04/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 109,858.44 109,858.44 04/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 4,118.66 4,118.66 04/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 240,562.44 240,562.44 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 9,100.00 9,100.00 04/15/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 137,573.82 137,573.82 04/15/2026 Coupon 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 2,144.14 2,144.14 04/15/2026 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 71,145.96 71,145.96 04/15/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 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 5,736.85 5,736.85 04/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 97,510.78 97,510.78 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 3,240.75 3,240.75 04/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 199,246.51 199,246.51 04/20/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 5,103.98 5,103.98 04/20/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 77,384.70 77,384.70 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 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 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 1,767.30 1,767.30 04/27/2026 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 220,545.31 220,545.31 04/27/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 6,931.46 6,931.46 04/27/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 98,010.48 98,010.48 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 6,781.60 6,781.60 04/27/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 5,361.39 5,361.39 04/27/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,939.59 8,939.59 04/27/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,332.15 5,332.15 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 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 8,000,000.00 UNITED STATES TREASURY 3.875 04/30/2030 155,000.00 155,000.00 April 2026 Total 7,906,836.63 883,370.22 8,790,206.85
MAY 2026
05/01/2026 Coupon 74460DAD1 3,000,000.00 PUBLIC STORAGE OPERATING CO 3.385 05/01/2029 50,775.00 50,775.00
05/08/2026 Coupon 69371RT71 4,000,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 91,000.00 91,000.00 05/12/2026 Coupon 023135BX3 4,865,000.00 AMAZON.COM INC 1.0 05/12/2026 24,325.00 24,325.00 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 05/12/2026 Final Maturity 023135BX3 4,865,000.00 AMAZON.COM INC 1.0 05/12/2026 4,865,000.00 4,865,000.00 05/15/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 05/15/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 05/15/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 05/15/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 05/15/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 05/15/2026 Coupon 26442CAX2 3,280,000.00 DUKE ENERGY CAROLINAS LLC 3.95 11/15/2028 64,780.00 64,780.00
05/15/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 9,318.08 9,318.08 05/15/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 169,348.12 169,348.12 05/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 6,711.18 6,711.18 05/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 105,333.20 105,333.20 05/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 3,034.12 3,034.12 05/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 216,006.27 216,006.27 05/15/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 05/15/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,412.25 8,412.25 05/15/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 8,503.85 8,503.85 05/15/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 133,431.09 133,431.09 05/15/2026 Coupon 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 1,847.11 1,847.11 05/15/2026 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 70,762.34 70,762.34 05/15/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 05/15/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 3,533.93 3,533.93 05/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 79,229.76 79,229.76 05/15/2026 Coupon 91324PEC2 805,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 4,628.75 4,628.75 05/15/2026 Final Maturity 91324PEC2 805,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 805,000.00 805,000.00 05/15/2026 Coupon 91324PEG3 1,365,000.00 UNITEDHEALTH GROUP INC 3.7 05/15/2027 25,252.50 25,252.50 05/15/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 05/18/2026 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 5,342.74 5,342.74 05/18/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 93,572.69 93,572.69 05/18/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 4,764.14 4,764.14 05/18/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 74,321.63 74,321.63 05/18/2026 Coupon 58933YBH7 1,975,000.00 MERCK & CO INC 4.05 05/17/2028 39,993.75 39,993.75 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 05/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 2,345.80 2,345.80 05/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 172,521.53 172,521.53 05/25/2026 Coupon 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 852.04 852.04 05/25/2026 Principal Paydown 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 183,506.28 183,506.28 05/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 6,508.38 6,508.38 05/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 94,075.25 94,075.25 05/25/2026 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 05/25/2026 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,767.66 6,767.66 05/25/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 5,643.01 5,643.01 05/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,923.60 8,923.60 05/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,740.68 5,740.68 05/25/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 05/25/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 05/25/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 05/25/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 05/25/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 05/25/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 05/25/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 05/25/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 05/25/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 05/28/2026 Coupon 74153WCW7 3,250,000.00 PRICOA GLOBAL FUNDING I 4.7 05/28/2030 76,375.00 76,375.00 May 2026 Total 7,073,491.87 644,958.37 7,718,450.23
JUNE 2026
06/01/2026 Coupon 57629W4T4 1,850,000.00 MASSMUTUAL GLOBAL FUNDING II 5.15 05/30/2029 47,637.50 47,637.50
06/01/2026 Coupon 91282CFZ9 4,600,000.00 UNITED STATES TREASURY 3.875 11/30/2027 89,125.00 89,125.00 06/01/2026 Coupon 91282CHE4 7,000,000.00 UNITED STATES TREASURY 3.625 05/31/2028 126,875.00 126,875.00 06/01/2026 Coupon 91282CJN2 3,400,000.00 UNITED STATES TREASURY 4.375 11/30/2028 74,375.00 74,375.00 06/01/2026 Coupon 91282CKT7 4,400,000.00 UNITED STATES TREASURY 4.5 05/31/2029 99,000.00 99,000.00 06/01/2026 Coupon 91282CMA6 4,500,000.00 UNITED STATES TREASURY 4.125 11/30/2029 92,812.50 92,812.50 06/01/2026 Coupon 91282CNG2 8,000,000.00 UNITED STATES TREASURY 4.0 05/31/2030 160,000.00 160,000.00 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 06/05/2026 Coupon 64952WFK4 3,445,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 79,235.00 79,235.00
06/08/2026 Coupon 64952WFG3 2,120,000.00 NEW YORK LIFE GLOBAL FUNDING 5.0 06/06/2029 53,000.00 53,000.00
06/15/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 06/15/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 06/15/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 06/15/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 06/15/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 06/15/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 8,582.82 8,582.82 06/15/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 166,082.86 166,082.86 06/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 6,273.17 6,273.17 06/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 103,724.42 103,724.42 06/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 2,060.29 2,060.29 06/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 207,796.53 207,796.53 06/15/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 06/15/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,412.25 8,412.25 06/15/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 7,925.65 7,925.65 06/15/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 85,072.51 85,072.51 06/15/2026 Coupon 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 1,551.67 1,551.67 06/15/2026 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 61,902.91 61,902.91 06/15/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 06/15/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 3,182.68 3,182.68 06/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 97,572.22 97,572.22 06/15/2026 Coupon 74340XCG4 4,000,000.00 PROLOGIS LP 4.875 06/15/2028 97,500.00 97,500.00 06/15/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 06/16/2026 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 4,964.55 4,964.55 06/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 92,131.48 92,131.48 06/18/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 4,437.74 4,437.74 06/18/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 72,952.18 72,952.18 06/18/2026 Coupon 89236TJK2 3,325,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 18,703.13 18,703.13
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 06/18/2026 Final Maturity 89236TJK2 3,325,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 3,325,000.00 3,325,000.00
06/22/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 1,570.90 1,570.90 06/22/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 169,930.92 169,930.92 06/25/2026 Coupon 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 90.49 90.49 06/25/2026 Effective Maturity 05611UAD5 1,691,495.11 BMWLT 2024-1 A3 4.98 03/25/2027 21,804.29 21,804.29 06/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 6,102.29 6,102.29 06/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 92,572.65 92,572.65 06/25/2026 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 06/25/2026 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,752.98 6,752.98 06/25/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 5,386.77 5,386.77 06/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,906.37 8,906.37 06/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,369.50 5,369.50 06/25/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 06/25/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 06/25/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 06/25/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 06/25/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 06/25/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 06/25/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 06/25/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 06/25/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 06/25/2026 Coupon 437076DC3 3,000,000.00 HOME DEPOT INC 4.75 06/25/2029 71,250.00 71,250.00 06/30/2026 Coupon 3130AWN63 3,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/30/2028 60,000.00 60,000.00 06/30/2026 Coupon 91282CEW7 6,650,000.00 UNITED STATES TREASURY 3.25 06/30/2027 108,062.50 108,062.50 06/30/2026 Coupon 91282CGC9 7,000,000.00 UNITED STATES TREASURY 3.875 12/31/2027 135,625.00 135,625.00 06/30/2026 Coupon 91282CJR3 11,000,000.00 UNITED STATES TREASURY 3.75 12/31/2028 206,250.00 206,250.00 06/30/2026 Coupon 91282CKX8 4,000,000.00 UNITED STATES TREASURY 4.25 06/30/2029 85,000.00 85,000.00 06/30/2026 Coupon 91282CNK3 8,000,000.00 UNITED STATES TREASURY 3.875 06/30/2030 155,000.00 155,000.00 June 2026 Total 4,507,299.24 2,021,227.98 6,528,527.22
JULY 2026
07/09/2026 Coupon 89236TNA9 3,655,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 90,461.25 90,461.25 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 07/10/2026 Coupon 66815L2Q1 2,400,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.71 01/10/2029 56,520.00 56,520.00
07/13/2026 Coupon 59217GER6 2,485,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 1.875 01/11/2027 23,296.88 23,296.88
07/15/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 07/15/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 07/15/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 07/15/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 07/15/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 07/15/2026 Coupon 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 7,861.75 7,861.75 07/15/2026 Principal Paydown 437918AC9 3,435,000.00 HAROT 2024-1 A3 5.21 08/15/2028 162,481.97 162,481.97 07/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 5,841.85 5,841.85 07/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 101,837.73 101,837.73 07/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 1,123.48 1,123.48 07/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 201,674.46 201,674.46 07/15/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 07/15/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,412.25 8,412.25 07/15/2026 Principal Paydown 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 28,582.38 28,582.38 07/15/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 7,557.00 7,557.00 07/15/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 94,489.65 94,489.65 07/15/2026 Coupon 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 1,293.23 1,293.23 07/15/2026 Principal Paydown 47800CAC0 1,153,649.91 JDOT 2023 A3 5.01 11/15/2027 64,095.87 64,095.87 07/15/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 07/15/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 2,750.11 2,750.11 07/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 90,973.61 90,973.61 07/15/2026 Coupon 828807DK0 4,500,000.00 SIMON PROPERTY GROUP LP 2.65 07/15/2030 59,625.00 59,625.00 07/15/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 07/16/2026 Coupon 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 4,592.19 4,592.19 07/16/2026 Principal Paydown 36268GAD7 1,985,000.00 GMCAR 2024-1 A3 4.85 12/18/2028 90,447.09 90,447.09 07/16/2026 Coupon 57629WDE7 2,272,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 13,632.00 13,632.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 07/16/2026 Final Maturity 57629WDE7 2,272,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 2,272,000.00 2,272,000.00
07/17/2026 Coupon 57629W5B2 2,140,000.00 MASSMUTUAL GLOBAL FUNDING II 4.85 01/17/2029 51,895.00 51,895.00
07/20/2026 Coupon 24422EWR6 2,450,000.00 JOHN DEERE CAPITAL CORP 4.75 01/20/2028 58,187.50 58,187.50 07/20/2026 Coupon 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 807.62 807.62 07/20/2026 Principal Paydown 36269WAD1 1,495,000.00 GMALT 2024-2 A3 5.39 07/20/2027 161,723.71 161,723.71 07/20/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 4,117.36 4,117.36 07/20/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 71,422.19 71,422.19 07/23/2026 Coupon 46647PAM8 3,300,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 57,898.50 57,898.50 07/27/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 5,702.69 5,702.69 07/27/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 90,835.58 90,835.58 07/27/2026 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 07/27/2026 Principal Paydown 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 729,498.57 729,498.57 07/27/2026 Coupon 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 6,738.98 6,738.98 07/27/2026 Principal Paydown 3137BSRE5 3,000,000.00 FHMS K-059 A2 3.12 09/25/2026 130,874.94 130,874.94 07/27/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,890.27 8,890.27 07/27/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,776.60 5,776.60 07/27/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 07/27/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 07/27/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 07/27/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 07/27/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 07/27/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 07/27/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 07/27/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 07/27/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 07/31/2026 Coupon 91282CFB2 1,300,000.00 UNITED STATES TREASURY 2.75 07/31/2027 17,875.00 17,875.00 07/31/2026 Coupon 91282CGH8 7,000,000.00 UNITED STATES TREASURY 3.5 01/31/2028 122,500.00 122,500.00 07/31/2026 Coupon 91282CJW2 5,000,000.00 UNITED STATES TREASURY 4.0 01/31/2029 100,000.00 100,000.00 07/31/2026 Coupon 91282CMG3 4,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 95,625.00 95,625.00 July 2026 Total 4,296,714.35 1,004,168.38 5,300,882.73
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 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 Grand Total 1,830,012,555.93 53,523,775.55 13,669,678.03 67,193,453.58 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/05/2025 11:46:14 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 62

IMPORTANT DISCLOSURES
City of Corona Cons Account | Account #10003 | As of August 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.

Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

* 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 46,055,000.00 43,662,278.25 43,215,505.46 9.84% 3.18 1161 4.06Agency 17,200,000.00 17,201,004.08 17,147,060.00 3.87% 1.10 403 4.02Agency CMBS 47,415,000.00 46,396,347.49 45,002,979.99 10.45% 2.83 1032 3.92Cash 783,182.09 783,182.09 783,182.09 0.18% 0.00 0 0.00 Corporate 104,022,000.00 104,508,834.74 102,704,386.14 23.54% 3.21 1174 4.13 LAIF 24,739,871.73 24,739,871.73 24,739,871.73 5.57% 0.00 0 --- Money Market Fund 10,513,504.75 10,513,504.75 10,513,504.75 2.37% 0.00 0 3.95Municipal Bonds 4,395,000.00 4,520,455.28 4,418,161.65 1.02% 3.92 1431 3.71 Supranational 21,690,000.00 21,634,764.67 21,544,534.65 4.87% 2.06 751 3.98US Treasury 168,620,000.00 169,984,873.16 167,798,227.40 38.29% 3.20 1170 3.66 --- 445,433,558.57 443,945,116.24 437,867,413.86 100.00% 2.77 1013 3.88 Corona Supplemental City of Corona ConsAgg (362432)As of 08/31/2025 Dated: 09/08/2025 1 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

MONTHLY ACCOUNT STATEMENT
City of Corona Pension Stabilization Trust | Account #10952 | As of August 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: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 2

PORTFOLIO SUMMARY
Performance Review
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (08/01/22)
Corona Pension Trust 2.85% 7.58% 8.98% 10.09% 14.45% 13.69% -- -- 12.40% Benchmark Return 1.95% 5.38% 10.05% 9.62% 12.74% 11.03% -- -- 9.45% **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
07/31/2025
End Values as of
08/31/2025
Market Value 55,428,408.27 57,009,399.32
Accrued Interest 0.00 0.00
Total Market Value 55,428,408.27 57,009,399.32
Income Earned 57,044.43 34,975.90
Cont/WD 0.00 0.00
Par 756,491.37 792,150.22
Book Value 44,043,015.00 44,239,504.37
Cost Value 44,043,015.00 44,239,504.37

TOP ISSUERS
iShares Trust - iShares Core S&P 500 32.48%
Vanguard Bond Index Funds - Vanguard 15.53%
iShares Trust - iShares Core S&P Mid 15.04%
Vanguard Index Funds - Vanguard Smal 11.85%
Vanguard Tax-Managed Funds - Vanguar 10.92%
Vanguard Specialized Funds - Vanguar 7.70%
Total 93.51%
Asset Allocation
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 3

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

CASH EQUIVALENTS
Max % (MV; Cash & Fixed Income) 30.0 17.9 Compliant
Min % (MV; Cash & Fixed Income) 10.0 17.9 Compliant

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

EQUITIES
Max % (MV) 80.0 72.3 Compliant
Min % (MV) 50.0 72.3 Compliant

FIXED INCOME
Max % (MV; Cash & Fixed Income) 30.0 17.9 Compliant
Min % (MV; Cash & Fixed Income) 10.0 17.9 Compliant
Min Rating (BBB- by 1) 0.0 0.0 Compliant
REITS
Max % (MV) 15.0 9.8 Compliant
Min % (MV) 0.0 9.8 Compliant
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 4

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Cash 272,890.22 --

0.00%
272,890.22
272,890.22

1.00 0.00%
272,890.22

0.00 0.48%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 272,890.22 0.00%
272,890.22
272,890.22

1.00 0.00%
272,890.22

0.00 0.48%

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

51.53 0.00%
1,156,848.50

0.00 2.03%
271,941.39
NA/NA
NA 0.00
Total Emerging
Market Equity 22,450.00 0.00%
884,907.12
884,907.12

51.53 0.00%
1,156,848.50

0.00 2.03%
271,941.39 0.00

INTERNATIONAL
EQUITY
921943858 VANGUARD DEV MKT ETF 106,000.00 --

0.00%
4,674,312.12
4,674,312.12

58.71 0.00%
6,223,260.00

0.00 10.92%
1,548,947.88
NA/NA
NA 0.00
Total International
Equity 106,000.00 0.00%
4,674,312.12
4,674,312.12

58.71 0.00%
6,223,260.00

0.00 10.92%
1,548,947.88 0.00

INTERNATIONAL

REAL ESTATE
922042676 VANGUARD GXUS RE ETF 25,315.00 --

0.00%
1,043,765.11
1,043,765.11

47.10 0.00%
1,192,336.50

0.00 2.09%
148,571.39
NA/NA
NA 0.00
Total International
Real Estate 25,315.00 0.00%
1,043,765.11
1,043,765.11

47.10 0.00%
1,192,336.50

0.00 2.09%
148,571.39 0.00

LARGE CAP US
EQUITY
464287200 ISHARES:CORE S&P 500 28,560.00 --

0.00%
11,895,762.54
11,895,762.54
648.32

0.00%
18,516,019.20

0.00 32.48%
6,620,256.66
NA/NA
NA 0.00
Total Large Cap US
Equity 28,560.00 0.00%
11,895,762.54
11,895,762.54
648.32

0.00%
18,516,019.20

0.00 32.48%
6,620,256.66 0.00

MID CAP US
EQUITY
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 5

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
464287507 ISHARES:CORE S&P MD-CP 131,550.00 --

0.00%
6,422,098.29
6,422,098.29

65.16 0.00%
8,571,798.00

0.00 15.04%
2,149,699.71
NA/NA
NA 0.00
Total Mid Cap US
Equity 131,550.00 0.00%
6,422,098.29
6,422,098.29

65.16 0.00%
8,571,798.00

0.00 15.04%
2,149,699.71 0.00

REAL ESTATE
922908553 VANGUARD RE IDX ETF 47,600.00 --

0.00%
4,143,783.55
4,143,783.55

92.24 0.00%
4,390,624.00

0.00 7.70%
246,840.45
NA/NA
NA 0.00
Total Real Estate 47,600.00 0.00%
4,143,783.55
4,143,783.55

92.24 0.00%
4,390,624.00

0.00 7.70%
246,840.45 0.00

SMALL CAP US
EQUITY
922908751 VANGUARD S-C ID ETF 26,745.00 --

0.00%
5,144,020.19
5,144,020.19
252.50

0.00%
6,753,112.50

0.00 11.85%
1,609,092.31
NA/NA
NA 0.00
Total Small Cap US
Equity 26,745.00 0.00%
5,144,020.19
5,144,020.19
252.50

0.00%
6,753,112.50

0.00 11.85%
1,609,092.31 0.00

US CORE BONDS
921937835 VANGUARD TOT BD ETF 120,000.00 --

0.00%
8,735,589.28
8,735,589.28

73.80 0.00%
8,856,000.00

0.00 15.53%
120,410.72
NA/NA
NA 0.00
Total US Core
Bonds 120,000.00 0.00%
8,735,589.28
8,735,589.28

73.80 0.00%
8,856,000.00

0.00 15.53%
120,410.72 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

97.51 0.00%
1,076,510.40

0.00 1.89%
54,134.45
NA/NA
NA 0.00
Total US High Yield
Bonds 11,040.00 0.00%
1,022,375.95
1,022,375.95

97.51 0.00%
1,076,510.40

0.00 1.89%
54,134.45 0.00
Total Portfolio 792,150.22 0.00%
44,239,504.37
44,239,504.37
279.13

0.00%
57,009,399.32

0.00 100.00%
12,769,894.95

0.00 0.00
Total Market Value
+ Accrued 57,009,399.32
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 6

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

ACQUISITIONS
Purchase 08/28/2025 464287200 875.00 ISHARES:CORE S&P 500 649.645 0.00% (568,439.64) 0.00 (568,439.64) 0.00 Total Purchase 875.00 (568,439.64) 0.00 (568,439.64) 0.00 TOTAL
ACQUISITIONS 875.00 (568,439.64) 0.00 (568,439.64) 0.00

DISPOSITIONS
Sale 08/28/2025 922908751 (2,255.00) VANGUARD S-C ID ETF 252.990 0.00% 570,492.08 0.00 570,492.08 161,502.96 Total Sale (2,255.00) 570,492.08 0.00 570,492.08 161,502.96 TOTAL
DISPOSITIONS (2,255.00) 570,492.08 0.00 570,492.08 161,502.96 OTHER

TRANSACTIONS
Equity Dividend 08/05/2025 921937835 0.00 VANGUARD TOT BD ETF 0.00% 29,023.92 0.00 29,023.92 0.00 Equity Dividend 08/06/2025 78468R622 0.00 SPDR BBG HIGH YIELD BD 0.00% 5,951.98 0.00 5,951.98 0.00 Total Equity
Dividend 0.00 34,975.90 0.00 34,975.90 0.00
Other Income 08/15/2025 CCYUSD 0.32 Cash 0.00% 0.32 0.00 0.32 0.00 Other Income 08/15/2025 CCYUSD 10.19 Cash 0.00% 10.19 0.00 10.19 0.00 Total Other
Income 10.51 10.51 0.00 10.51 0.00

TOTAL OTHER
TRANSACTIONS 10.51 34,986.41 0.00 34,986.41 0.00
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 7

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

CASH & EQUIVALENTS
CCYUSD Cash
272,890.22
235,851.37

0.00 0.00
272,890.22

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 272,890.22
235,851.37

0.00 0.00
272,890.22

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
EQUITY
464287200 ISHARES:CORE S&P 500
28,560.00
11,327,322.90
568,439.64

0.00 11,895,762.54

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 464287507 ISHARES:CORE S&P MD-CP
131,550.00
6,422,098.29

0.00 0.00
6,422,098.29

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 78468R622 SPDR BBG HIGH YIELD BD
11,040.00
1,022,375.95

0.00 0.00
1,022,375.95

0.00 5,951.98

0.00 5,951.98

0.00 0.00

0.00 5,951.98
5,951.98
921937835 VANGUARD TOT BD ETF
120,000.00
8,735,589.28

0.00 0.00
8,735,589.28

0.00 29,023.92

0.00 29,023.92

0.00 0.00

0.00 29,023.92
29,023.92
921943858 VANGUARD DEV MKT ETF
106,000.00
4,674,312.12

0.00 0.00
4,674,312.12

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922042676 VANGUARD GXUS RE ETF
25,315.00
1,043,765.11

0.00 0.00
1,043,765.11

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 8

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
922042858 VANGUARD EM ST I ETF
22,450.00
884,907.12

0.00 0.00
884,907.12

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922908553 VANGUARD RE IDX ETF
47,600.00
4,143,783.55

0.00 0.00
4,143,783.55

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 922908751 VANGUARD S-C ID ETF
26,745.00
5,553,009.32

0.00 (408,989.12)
5,144,020.19

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Equity 519,260.00
43,807,163.63
568,439.64
(408,989.12)
43,966,614.15

0.00 34,975.90

0.00 34,975.90

0.00 0.00

0.00 34,975.90 34,975.90
TOTAL PORTFOLIO 792,150.22
44,043,015.00
568,439.64
(408,989.12)
44,239,504.37

0.00 34,975.90

0.00 34,975.90

0.00 0.00

0.00 34,975.90 34,975.90
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 9

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount SEPTEMBER 2025
09/04/2025 Equity Dividend 921937835 120,000.00 VANGUARD TOT BD ETF 29,131.08 29,131.08 09/05/2025 Equity Dividend 78468R622 11,040.00 SPDR BBG HIGH YIELD BD 5,844.40 5,844.40 September 2025
Total 34,975.48 34,975.48
Grand Total 131,040.00 34,975.48 34,975.48
Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

IMPORTANT DISCLOSURES
City of Corona Pension Stabilization Trust | Account #10952 | As of August 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.

Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

Execution Time: 09/03/2025 11:20:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 11

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

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

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

Docusign Envelope ID: DEB6F760-1B1F-49EE-A065-8B13B9453439

DATE: 10/15/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-393

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

CITY COUNCIL, SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF

THE CITY OF CORONA, CORONA PUBLIC FINANCING AUTHORITY, CORONA

UTILITY AUTHORITY, AND CORONA HOUSING AUTHORITY TO RECEIVE AND FILE THE MONTHLY FISCAL REPORT FOR AUGUST 2025
RECOMMENDED ACTION:

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

M E M O R A N D U M
October 15, 2025
TO: City Clerk
FROM: Kim Sitton
Finance Director

SUBJECT: Monthly Fiscal Report, August 2025
Pursuant to CMC Section 2.28.010 (D) the attached report provides an accounting of all receipts, disbursements, and fund balances for the month of August 2025, subject to final audit.

Prepared By: Reviewed By:
_______________________________ _______________________________ Financial Analyst Accounting Manager

Respectfully submitted:
_______________________________ _______________________________ Finance Director Assistant City Manager

_______________________________
City Treasurer
Attachment
Docusign Envelope ID: A844083D-0239-4A42-A20F-C2A2BCC583A0

BEGINNING ENDING

DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 7,077,731.82 $ 57,380,540.55 $ 58,109,922.44 $ 6,348,349.93 Deposits in Transit 1,092,076.08 1,092,076.08 1,872,714.39 Outstanding Checks (2,214,681.15) 4,270,592.87 (4,270,592.87) Fiscal Agents 55,435,733.18 1,724,756.39 57,121,565.78
Developer Escrow Accounts 2,529,523.58
1,872,714.39
2,214,681.15
3,410,588.99
2,529,523.58
Investments
Chandler Investment- City Account 407,684,244.08 18,305,261.13 16,361,963.08 409,627,542.13 Chandler Investment -Pension Trust Fund 44,043,015.00 196,489.37 44,239,504.37 LAIF 36,439,871.73 17,000,000.00 25,200,000.00 28,239,871.73 Investments Subtotal 488,167,130.81 35,501,750.50 41,561,963.08 482,106,918.23 Unrealized Investment Gain (Loss)1
15,595,503.32 15,595,503.32
Change Fund 10,248.00 10,248.00
Returned Checks 3,533.13 24,294.33 25,390.17 2,437.29
Credit Card Reconciling Items- Fees (2,545.47) 2,545.47 2,678.99 (2,678.99) TOTAL $ 567,694,253.30 $ 100,407,115.38 $ 106,787,380.02 $ 561,313,988.66 * For informational purpose only
August 31, 2025

CITY OF CORONA
Receipts and Disbursements*
Docusign Envelope ID: A844083D-0239-4A42-A20F-C2A2BCC583A0

ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED

ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF $ 28,239,871.73 $ 28,239,871.73
Chandler Investment- City Account $ 409,627,542.13 $ 409,627,542.13 Chandler Investment -Pension Trust Fund $ 44,239,504.37 $ 44,239,504.37 Investment Total 482,106,918.23 482,106,918.23
General Account - Bank of America 5,876,022.88 17,333,810.75 (4,163,858.86) (241.70) 19,045,733.07 Worker's Comp Account - Bank of America 472,327.05 134,406.96 (106,734.01) 500,000.00 Fiscal Agent Accounts 57,121,565.78 57,121,565.78
Escrow Account 2,529,523.58 2,529,523.58
Cashiers Change 10,248.00 10,248.00

BALANCE PER BOOKS OF CITY TREASURER
& FINANCE DIRECTOR $ 548,116,605.52 $ 17,468,217.71 $ (4,270,592.87) $ (241.70) $ 561,313,988.66 Subject to final audit

CITY OF CORONA
Cash and Investment Status Report
August 31, 2025
Docusign Envelope ID: A844083D-0239-4A42-A20F-C2A2BCC583A0

General Fund $ 185,585,599.41
Special Revenue Funds
Gas Tax 14,684,739.75
Measure A 17,891,432.93
Trip Reduction 2,227,038.66
Asset Forfeiture 416,777.29
Development 33,963,901.25
Residential Refuse/Recycling (33,097.29)
Landscape and Streetlight Maintenance 29,484,683.88
Other Grants and Endowments 12,195,671.52 110,831,147.99 Debt Service Funds
Public Financing Authority 698.67 698.67
Capital Project Funds
Housing/Community Development 1,179,559.74
Planned Local Drainage 309,886.39
Other Grants (2,137,867.00)
Public Facility Project (41,348.57)
Corona Housing Authority 22,626,379.00 21,936,609.56
Enterprise Funds
Water Utility 48,730,324.51
Water Reclamation Utility 59,371,580.67
Transit 1,045,986.33
Electric Utility 31,872,090.45
Airport 2,149,748.69 143,169,730.65
Internal Service Funds
Fleet Operations 1,845,446.02
Workers' Compensation 22,871,569.87
Liability Risk 2,833,319.07
Warehouse Services 1,142,099.56
Information Technology 9,281,126.29 37,973,560.81
Fiduciary Funds
AD & CFD Bond Funds 50,004,514.44
AB109 PACT -
Successor Agency 11,812,127.13 61,816,641.57
Total All Funds $ 561,313,988.66
Subject to final audit

CITY OF CORONA
Cash Balance By Fund
August 31, 2025
Docusign Envelope ID: A844083D-0239-4A42-A20F-C2A2BCC583A0

MARKET BOOK PERCENT OF

INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 46,055,000.00 43,662,278.25 43,215,505.46 8.96%
Agency 17,200,000.00 17,201,004.08 17,147,060.00 3.56%
CMO 47,415,000.00 46,396,347.49 45,002,979.99 9.33%
Pension Trust 792,150.22 57,009,399.32 44,239,504.37 9.18% Receivable 783,182.09 783,182.09 783,182.09 0.16%
Corporate 104,022,000.00 104,508,834.74 102,704,386.14 21.30% LAIF 24,739,871.73 24,739,871.73 24,739,871.73 5.13%
Money Market Fund FI 10,513,504.75 10,513,504.75 10,513,504.75 2.18% Municipal Bonds 4,395,000.00 4,520,455.28 4,418,161.65 0.92% Supranational 21,690,000.00 21,634,764.67 21,544,534.65 4.47% US Treasury 168,620,000.00 169,984,873.16 167,798,227.40 34.81% TOTAL PORTFOLIO $ 446,225,708.79 500,954,515.56 $ 482,106,918.23 100.00% Subject to final audit

CITY OF CORONA
Investment Portfolio Report
August 31, 2025
Docusign Envelope ID: A844083D-0239-4A42-A20F-C2A2BCC583A0

DATE: 10/15/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-388

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

RESOLUTION CERTIFYING THE RESULTS OF AN ELECTION AND ADDING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2016-1 (PUBLIC SERVICES) OF THE CITY OF CORONA (ANNEXATION NO. 28)
EXECUTIVE SUMMARY:

The property owner requests annexation into the City’s Community Facilities District No. 2016-1 (Public Services) to provide police protection services (including but not limited to criminal justice services), fire protection and suppression services, and paramedic services (“Public Services”) within and in the area of the District.

RECOMMENDED ACTION:

That the City Council adopt Resolution No. 2025-101, certifying the results of an election and adding territory to Community Facilities District No. 2016-1 (Public Services) of the City of Corona (Annexation No. 28).

BACKGROUND & HISTORY:

Community Facilities District No. 2016-1 (Public Services) (“CFD No. 2016-1” or “District”) was formed by the City Council on March 2, 2016, pursuant to the provisions of the MelloRoos Community Facilities Act of 1982 (“Act”), to provide Public Services within and in the area of the District. As part of the formation process and in accordance with the Act, the City Council also established an area designated as the “Future Annexation Area” for CFD No. 2016-1. Further, authorization was provided for annexing parcels within the

Future Annexation Area to CFD No. 2016-1. This would be accomplished upon the unanimous approval and election of the owner(s) of any such parcel, authorizing the levy of special taxes upon said parcel, and adoption of a resolution by the City Council certifying the results of an election annexing said parcel to CFD No. 2016-1. The annexation of parcels within the Future Annexation Area can be accomplished without any further public hearings or additional proceedings.

ANALYSIS:

Toll West Coast, LLC, a Delaware limited liability company (“Owner”) is the owner of a residential lot in the City of Corona, County of Riverside, State of California. The net acreage for the entire property in the boundary area is approximately 9.33 (“Property”).

The Owner has agreed to annex the Property into CFD No. 2016-1 for the purpose of providing Public Services within and in the area of the District, which is necessary to serve new development within the Property. The Property is within the Future Annexation Area and, thus, can be annexed to CFD No. 2016-1 with the unanimous approval and election of the Owner with tonight’s action.

Prior to tonight’s City Council meeting, the Owner executed the Consent and Waiver to Shortening of Time for Conducting a Special Election, which is on file in the City Clerk’s office and submitted ballots, which authorize the annexation of the Property to CFD No. 2016-1 and the levy of special taxes on the Property to pay for the Public Services.

The attached resolution will certify the results of the election on the annexation of the Property to CFD No. 2016-1 and annex the Property to CFD No. 2016-1.

FINANCIAL IMPACT:

Per the tax rate set by the Rate and Method of Apportionment (“RMA”) of CFD No. 2016- 1, the maximum special tax rate for CFD No. 2016-1 is $783.14 per single-family and $543.34 per multi-family residential unit for Fiscal Year 2026. The RMA provides for an annual escalation up to the greater of 4% or the Consumer Price Index (CPI) on July 1 of each year, subject to the approval of the City Manager.

On March 1 of each year, every residential building for which a building permit has been issued will be subject to special taxes in the ensuing fiscal year. Approval of the attached resolution is anticipated to result in approximately $27,409 of additional annual special tax revenue per year when the Property is fully developed as planned. The total annexation cost is paid by the Owner.

ENVIRONMENTAL ANALYSIS:

This action is exempt pursuant to Section 15061(b)(3) of the Guidelines for the California Environmental Quality Act (CEQA), which states that a project is exempt from CEQA if the activity is covered by the common sense exemption that CEQA applies only to projects that have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. This

action merely annexes the Property to CFD No. 2016-1 in order to provide funding for police protection, fire protection and suppression and paramedic services and there is no possibility that adopting this resolution will have a significant effect on the environment.

Therefore, no environmental analysis is required.

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

1. Exhibit 1 – CFD No. 2016-1 Annexation No. 28 Project Map

2. Exhibit 2 – Resolution No. 2025-101

HUDSON
ST

MOUNTAIN

SHADOWS
DR

MAGNOLIA AVE

ONTARIO AVE
G
A
R
R
E
T
SON
AVE

SANTANA
WAY

TWINLEAF
LN

CHASE DR

MONTOYA DR
M
AIN
S
T
ROSSER
D
R
P
L
U
M
W
O
O
D
L

N TAYLOR AVE

MICHAELS PL

MOUNTAIN GATEDR

BUENA VISTA AVE

MAGNOLIA
AVE

GARR ETSON AVE

L INCOLN AVE

M AIN ST

ONTARIO AVE

BELLE AVE

SANTANA
WAY

BIRMI NGHAM DR

UPPER DR

RIDGEWOOD DR

RAMSGATE DR
C HASE
DR

MANDARIN DR

GREENGATE ST

COTA AVE

E F OOTHILL PKWY

AUTUMN LN
COMMUNITY FACILITIES DISTRICT NO. 2016-1 (PUBLIC SERVICES) ANNEXATION NO. 28

PROJECT MAP
^_

RESOLUTION NO. 2025-101

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF CORONA, CALIFORNIA, CERTIFYING THE RESULTS

OF AN ELECTION AND ADDING TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2016-1 (PUBLIC

SERVICES) OF THE CITY OF CORONA (ANNEXATION
NO. 28)
WHEREAS, the City Council of the City of Corona, California (the “City Council”) has previously formed Community Facilities District No. 2016-1 (Public Services) of the City of Corona (“CFD No. 2016-1”) pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”), as amended, for the purpose of providing police protection services (including but not limited to criminal justice services), fire protection and suppression services, and paramedic services, within and in the area of the Community Facilities District; and WHEREAS, acting pursuant to the Act, the City Council also authorized, by the adoption of Resolution No. 2016-029 (the “Resolution Authorizing Future Annexation”), the annexation in the future of territory to CFD No. 2016-1, such territory designated as Future Annexation Area, Community Facilities District No. 2016-1 (the “Future Annexation Area”); and WHEREAS, the City has received the unanimous consent to the annexation of certain territory located within the Future Annexation Area to CFD No. 2016-1 from the property owner of such territory, and such territory has been designated as Annexation No. 28 (the "Territory"); and
WHEREAS, less than twelve (12) registered voters have resided within the Territory for each of the ninety (90) days preceding the election date established for the Territory, therefore, pursuant to the Act the qualified elector of the Territory shall be the "landowner" of such Territory, as such term is defined in Government Code Section 53317(f); and WHEREAS, the landowner(s) who is the owner of record as of the applicable election date, or the authorized representative thereof, shall have one vote for each acre or portion of an acre of the parcel of land that landowner owns within such Territory; and WHEREAS, the time limit specified by the Act for conducting an election to submit the levy of the special taxes on the Territory to the qualified elector thereof and the requirements for impartial analysis and ballot arguments have been waived with the unanimous consent of the qualified elector of the Territory; and
WHEREAS, the City Clerk of the City of Corona has caused ballots to be distributed to the qualified elector of the Territory, has received and canvassed such ballots and made a report to the City Council regarding the results of such canvas, a copy of which is attached as Exhibit “A” hereto and incorporated herein by this reference; and

- 2 -
WHEREAS, at this time the measure voted upon did receive the favorable vote of the qualified elector of the Territory, and the City Council desires to declare the results of the election; and
WHEREAS, a map showing the Territory and designated as Annexation Map No. 28 (the "Annexation Map"), a copy of which is attached as Exhibit “B” hereto and incorporated herein by this reference, has been submitted to this legislative body.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF

THE CITY OF CORONA, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2016-1, AS FOLLOWS:

SECTION 1. Recitals. The above recitals are true and correct.

SECTION 2. Findings. The City Council hereby further determine as follows:

A. The unanimous consent as described in the recitals hereto to the annexation of the Territory to CFD No. 2016-1 has been given by the owner of the Territory and such consent shall be kept on file in the Office of the City Clerk of the City of Corona.

B. Less than twelve (12) registered voters have resided within the Territory for each of the ninety (90) days preceding the election date established for each of the parcels located within the Territory, therefore, pursuant to the Act the qualified elector for the Territory shall be the "landowner" of the Territory as such term is defined in Government Code Section 53317(f).

C. The qualified elector of the Territory has voted in favor of the levy of special taxes on the Territory upon its annexation to CFD No. 2016-1.

SECTION 3. Territory. The boundaries and parcels of property within the Territory and on which special taxes will be levied in order to pay for the costs and expenses of authorized public services and public facilities are shown on the Annexation Map as submitted to and hereby approved by the City Council.

SECTION 4. Declaration of Annexation. The City Council hereby determines and declares that the Territory, and each parcel therein, is now added to and becomes a part of CFD No. 2016-1. The City Council, acting as the legislative body of CFD No. 2016-1, is hereby empowered to levy the authorized special tax within the Territory.

SECTION 5. Notice. Immediately upon adoption of this Resolution, notice shall be given as follows:

A. A copy of the Annexation Map, as approved, shall be filed in the Office of the County Recorder no later than fifteen (15) days after the date of adoption of this Resolution.

- 3 -
B. An Amendment to the Notice of Special Tax Lien (Notice of Annexation) shall be recorded in the Office of the County Recorder no later than fifteen (15) days after the date of adoption of this Resolution.

SECTION 6. Effective Date. This Resolution shall become effective upon its adoption.

PASSED, APPROVED AND ADOPTED this 15th day of October, 2025. _______________________________
Mayor of the City of Corona, California
ATTEST:

City Clerk of the City of Corona, California

- 4 -

CERTIFICATION
I, Sylvia Edwards, City Clerk of the City of Corona, California, do hereby certify that the foregoing Resolution was regularly passed and adopted by the City Council of the City of Corona, California, at a regular meeting thereof held on the 15th day of October, 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Corona, California, this 15th day of October, 2025.

City Clerk of the City of Corona

A - 1
EXHIBIT “A”

CERTIFICATE OF ELECTION OFFICIAL

AND STATEMENT OF VOTES CAST

STATE OF CALIFORNIA )
) ss.

COUNTY OF RIVERSIDE )
The undersigned, ELECTION OFFICIAL OF THE CITY OF CORONA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, DOES HEREBY CERTIFY that pursuant to the provisions of Section 53326 of the Government Code and Division 12, commencing with Section 17000 of the Elections Code of the State of California, I did canvass the returns of the votes cast at the

CITY OF CORONA
COMMUNITY FACILITIES DISTRICT NO. 2016-1

SPECIAL ELECTION
ANNEXATION NO. 28
held on the election date established for each parcel located within the territory included in Annexation No. 28.

I FURTHER CERTIFY that this Statement of Votes Cast shows the whole number of votes cast in the area proposed to be annexed to Community Facilities District No. 2016-1 of the City of Corona for or against the Measure are full, true and correct.

VOTES CAST ON PROPOSITION 1: YES
NO
WITNESS my hand this day of , 2025.

CITY CLERK

ELECTION OFFICIAL

CITY OF CORONA

OF THE STATE OF CALIFORNIA

B - 1
EXHIBIT “B”

ANNEXATION MAP

DATE: 10/15/2025
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2025-372

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

AMEND THE PENSION STABILIZATION TRUST AGREEMENT AND THE PENSION

STABILIZATION TRUST INVESTMENT POLICY
EXECUTIVE SUMMARY:

This staff report asks the City Council to approve resolutions amending the Pension Stabilization Trust Agreement, revising the Trust Board's governance structure and meeting frequency, and updating the Pension Stabilization Trust Investment Policy, which includes changes related to the revised Trust Agreement.

RECOMMENDED ACTION:

That the City Council:
a. Adopt Resolution No. 2025-102, amending the Trust Agreement Governing the City of Corona Pension Stabilization Trust Pursuant to Section 115 of the Internal Revenue Code.
b. Adopt Resolution No. 2025-103, approving the City of Corona’s Pension Stabilization Trust Investment Policy.

BACKGROUND & HISTORY:

On January 19, 2022, the City Council approved the establishment of a Section 115 Trust, or Pension Stabilization Trust, to set aside funds for future pension contributions. At the

same time, the Pension Stabilization Trust Agreement (“Trust Agreement”) was approved.

The Trust Agreement identified the purpose and duration of the Trust Fund, created the Trust Board, and set forth the terms for administering the Trust Fund. The Trust Board has met twice per year since 2022, as required in the Trust Agreement.

The Trust Agreement mandates two meetings annually, following Brown Act guidelines.

These meetings generally occur in October and January and are scheduled based on the availability of Trust Board members rather than specific days within those months. They are held at City Hall during regular business hours. Per the Brown Act requirements, the agenda is posted at least 72 hours in advance of the meeting. Along with the agenda, the presentation materials are included.

ANALYSIS:

The current Trust Agreement mandates two meetings per year. The purpose of the October meeting is to discuss updated CalPERS information after receiving and reviewing the actuarial reports. The January meeting’s purpose is to discuss a Trust Fund contribution based on the previous fiscal year's General Fund surplus. A large portion of the January presentation is repeated information from October.

Staff is recommending amendments to the Trust Agreement as follows:

1. Update the Trust Agreement to change the composition of the Board of Trustees.

The current Board of Trustees is the City Treasurer, City Manager, Assistant City Manager, Finance Director, and Accounting Manager. The proposed amendment changes the Board of Trustees members to the City Council members.

2. Change the meeting frequency to once per year, in January, to align with the annual budget process and after completion of the Annual Comprehensive Financial Report (ACFR). At a regularly scheduled Council meeting, staff will present the CalPERS actuarial report analysis and provide a recommendation for a Pension Trust contribution. The City Council, acting as the Board of Trustees, can discuss the recommendation and provide direction to staff.

3. Assign the investment monitoring activity to the Treasury Committee. The Treasury Committee is defined in the City’s Investment Policy and is comprised of the City Treasurer, City Manager, Assistant City Manager, and Finance Director.

As the Board of Trustees, the City Council will review information and act as fiduciaries of the Trust Fund. In a fiduciary role, the Trustees’ perspective is not just to consider the best interests of the City, but also the best interests of the Trust. The fiduciary standards are noted in Section 5.4 of the original Trust Agreement (attached as Exhibit 4).

The Pension Stabilization Trust Investment Policy changes reflect the updates to the amended Trust Agreement, including the change in the Board of Trustees and assigning the oversight of the investment monitoring activity to the Treasury Committee.

The changes to the Trust Agreement and the Pension Stabilization Investment Policy aim to enhance transparency with the Council, staff, and the public. Communicating this

information at a regular Council meeting will help reach a broader audience and ensure that key information is discussed in a more open and inclusive forum. This shift also allows for greater documentation and formalization of decisions, ensuring that stakeholders can trace how and why certain decisions were made.

FINANCIAL IMPACT:

There is no financial impact associated with this item.

ENVIRONMENTAL ANALYSIS:

This action is exempt pursuant to Section 15061(b)(3) of the Guidelines for the California Environmental Quality Act (CEQA), which states that a project is exempt from CEQA if the activity is covered by the common sense exemption that CEQA applies only to projects that have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. This action is to approve a resolution to amend the Pension Stabilization Trust Agreement and Pension Stabilization Trust Investment Policy, and there is no possibility that approval of the recommended actions will have a significant effect on the environment. Therefore, no environmental analysis is required.

PREPARED BY: KIM SITTON, FINANCE DIRECTOR
REVIEWED BY: BRETT CHANNING, ASSISTANT CITY MANAGER
ATTACHMENTS:

1. Exhibit 1 – Resolution No. 2025-102 Amending the Pension Stabilization Trust Agreement

2. Exhibit 2 – Resolution No. 2025-103 Approving the Pension Stabilization Trust Investment Policy.

3. Exhibit 3 – Pension Stabilization Trust Investment Policy 10.15.25 – Redline

4. Exhibit 4 – Pension Stabilization Trust Agreement Effective January 19, 2022.

JAMIER\07000.20108\10316340.1
RESOLUTION NO. 2025-102

RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF CORONA, CALIFORNIA, AMENDING THE TRUST

AGREEMENT GOVERNING THE CITY OF CORONA

PENSION STABILIZATION TRUST PURSUANT TO
SECTION 115 OF THE INTERNAL REVENUE CODE
WHEREAS, the City of Corona (“City”) currently provides employees with retirement benefits through CalPERS, a defined benefit pension program; and WHEREAS, the CalPERS pension system is not currently 100% funded, meaning that there is a gap between what CalPERS members have contributed to CalPERS and the benefits owed to retirees, which has created an unfunded accrued liability (“UAL”) in the CalPERS pension system; and
WHEREAS, in an effort to stabilize the overall pension fund, CalPERS has instituted new programs that require employers such as the City to accelerate payments to paydown existing UAL account balances; and WHEREAS, to cost-effectively manage the City’s obligation to pay its UAL to the CalPERS system, the City issued the City of Corona 2021 Taxable Pension Obligation Bonds in October 2021 in the amount of $276.7 Million for a term of 13 years and prepaid all of its current UAL to CalPERS in the amount of $275.6 Million; and
WHEREAS, to institute added fiscal discipline and future financial stability, the City has adopted a Pension Management Policy that would mandate budgetary actions to facilitate the accelerated payoff of any future UAL account balances; and WHEREAS, on January 19, 2022 the City Council approved the Trust Agreement Governing the Pension Stabilization Trust (“Trust Agreement”), which established a Section 115 Trust, a tax-exempt trust authorized by Section 115 of the Internal Revenue Code, as amended, and the Regulations issued thereunder, used to segregate City funds from general assets and irrevocably commit such funds for essential governmental purposes, such as pension obligations; and
WHEREAS, the City Council has determined that it is in the best interests of the City to amend the Trust Agreement to change the composition of the Board of Trustees to be the City Council members, change the frequency of the meetings, and make associated changes to the Trust Agreement.

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

JAMIER\07000.20108\10316340.1
SECTION 1. Findings. The City Council hereby finds and determines that the above stated recitals are true and correct.

SECTION 2. Trust Agreement Amendment No. 1. The City Council hereby adopts Amendment No. 1 to the Trust Agreement Governing City of Corona Pension Stabilization Trust attached hereto as Exhibit “A” and incorporated herein by reference.

SECTION 3. Effective Date. This Resolution shall become effective on October 15, 2025.

JAMIER\07000.20108\10316340.1
PASSED, APPROVED AND ADOPTED this 15th day of October, 2025.

Mayor of the City of Corona, California
ATTEST:

City Clerk of the City of Corona, California

JAMIER\07000.20108\10316340.1

CERTIFICATION
I, Sylvia Edwards, City Clerk of the City of Corona, California, do hereby certify that the foregoing Resolution was regularly passed and adopted by the City Council of the City of Corona, California, at a regular meeting thereof held on the 15th day of October 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Corona, California, this 15th day of October 2025.

City Clerk of the City of Corona, California
[SEAL]

EXHIBIT A
AMENDMENT NO. 1
to the

TRUST AGREEEMENT GOVERNING

CITY OF CORONA PENSION STABILIZATION TRUST

Amendment No. 1
Trust Agreement
City of Corona Pension Stabilization Trust
Page | 1
JAMIER\07000.20108\10316327.2
AMENDMENT NO. 1
to the

TRUST AGREEEMENT GOVERNING

CITY OF CORONA PENSION STABILIZATION TRUST
WHEREAS, on or about January 19, 2022, the City of Corona (the “City”) adopted that certain Trust Agreement Governing City of Corona Pension Stabilization Trust (the “Trust Agreement”) to administer the pension stabilization trust fund created by the City to hold funds set aside by the City for future pension contributions to CalPERS; WHEREAS, the City Council of the City does hereby adopt this Amendment No. 1 to the Trust Agreement, effective October 15, 2025, as follows:

1. Board of Trustees Composition. Section 3.4 of the Trust Agreement is deleted and revised to read as follows:
“3.4 Board of Trustees Members and Terms
The shall be five Trustees. The Trustees shall be the current City Council members.

Their terms as Trustees shall correspond to their City Council terms in office. In the event that a City Council member is removed from office, resigns, dies or otherwise terminates his or her term early, the City Manager may appoint another City employee or elected official of the City to fill the Trustee position until a new City Council member is elected.”

2. Trustee Requirements and Disqualification. Sections 3.5, 3.6, and 3.8 through 3.11 of the Trust Agreement are deleted in their entirety. Sections 3.12 and 3.13 of the Trust Agreement are renumbered as Section 3.6 and 3.7, respectively. Section 3.7 of the Trust Agreement is renumbered as Section 3.5 and revised to read as follows:
“3.5 Disqualification and Removal of Trustees
The City shall apply City of Corona Municipal Code Section 2.09.060 to remove Trustees that are disqualified from serving as a Trustee or not fulfilling their responsibilities as a Trustee. A Trustee who fails to attend two (2) consecutive meetings of the Board of Trustees, without being excused from attendance by the Chairperson, is not fulfilling their responsibilities as a Trustee. An individual who is convicted of a felony, or accused, found guilty or held liable for a breach of trust, or declared mentally incompetent, is disqualified from holding a Trustee position.”

3. Frequency of Meetings. Section 4.5 of the Trust Agreement is deleted and revised to read as follows:
“4.5 Regular Meetings
The Trustees shall hold regular periodic meetings consistent with the needs of Trust Fund business, provided that there shall be at least one regular meeting held during

Amendment No. 1
Trust Agreement
City of Corona Pension Stabilization Trust
Page | 2
JAMIER\07000.20108\10316327.2
each calendar year. The Trustees shall determine the time and place of all such meetings, and comply with all applicable provisions for open meetings pursuant to the Ralph M. Brown Act, Cal. Govt. Code Section 54950 et seq.

4. Chairperson and Secretary. Section 4.7 of the Trust Agreement is deleted and revised to read as follows:
“4.7 Chairperson and Secretary
The Mayor shall act as the Chairperson of the Board of Trustees and the Vice Mayor shall act as the Secretary of the Board of Trustees.”

5. No Trustee Compensation. Section 4.10 is deleted and revised to read as follows:
“4.10 Compensation and Expenses
No Trustee shall receive any compensation from the Trust Fund for services as a Trustee. Each Trustee shall be reimbursed out of the Trust Fund for all reasonable expenses properly and actually incurred by the Trustee in the administration of the Trust Fund. The Board of Trustees may establish a policy and procedures for the reimbursement of expenses.”

6. Delegation of Investment Responsibilities. Section 6.2 of the Trust Agreement is deleted and revised to read as follows:
“6.2 Delegation of Investment Responsibilities
The Trustees shall delegate their responsibilities for the management of the Trust Fund investments to one or more qualified investment managers, who shall be registered as an investment adviser under the Investment Advisers Act of 1940 and who shall contractually accept fiduciary responsibility and discretion for investment management of the Trust Fund investments. The delegation shall be effective when the investment manager accepts the delegation and acknowledges in writing his status as a fiduciary with respect to the Trust Fund.

The Board of Trustees shall have authority to select and hire the Investment Manager, as defined in the City’s Investment Policy – Pension Stabilization Trust (Policy 01200.606, as may be revised in the future) (the “Trust Investment Policy”).

The Treasury Committee, as defined in the City’s Investment Policy (Policy 01200.602, as may be revised in the future), shall have responsibility to oversee the Investment Manager, and review investment reports and results, as stated in the Trust Investment Policy. The Treasury Committee shall report to the Board of Trustees at least annually on the performance of the Trust Fund’s investments and compliance with the Trust Investment Policy. If the Treasury Committee has concerns about any aspect of the Trust’s investments, the Treasury Committee shall report such concerns to the Investment Manager and to the Board of Trustees, as soon as practical.”

Amendment No. 1
Trust Agreement
City of Corona Pension Stabilization Trust
Page | 3
JAMIER\07000.20108\10316327.2

7. Amendments. Section 10.1 of the Trust Agreement is deleted and revised to read as follows:
“This Trust Agreement may be amended in writing at any time by action of the City Council.”

8. Termination. Section 10.2 of the Trust Agreement is deleted and revised to read as follows:
“10.2 Termination
This Trust Agreement may be terminated at any time by action of the City Council, subject to the allocation requirements in Section 10.3 hereof.

As part of the termination process, the Trustees or the City may arrange for retention of an independent Trustee to administer the wasting trust and pay obligations for pension benefit contributions on behalf of the City employees and/or retirees, until such time as there are no obligations remaining. When all pension obligations of the City are paid, the remaining assets of the Trust Fund may revert to the City or may be paid into another trust fund which is tax exempt under Code Section 115.”
This Amendment No. 1 to the Trust Agreement was adopted by the City Council on this 15th day of October, 2025 and shall be effective immediately after acknowledgement by the Board of Trustees.

For the CITY COUNCIL: Acknowledged by BOARD OF TRUSTEES:

Signature Trustee
Print Name Print Name
Date Date
Trustee
Print Name
Date

JAMIER\07000.20108\10316341.1
RESOLUTION NO. 2025-103

RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF CORONA, CALIFORNIA, APPROVING THE CITY OF
CORONA’S PENSION STABILIZATION TRUST
INVESTMENT POLICY.

WHEREAS, the City Council of the City of Corona has considered a document entitled “City of Corona’s Pension Stabilization Trust Investment Policy” which outlines the policy enacted to provide guidelines for the prudent investment of cash in the Pension Stabilization Trust; and
WHEREAS, the “City of Corona’s Pension Stabilization Trust Investment Policy” has also been administratively assigned City Administrative Policy No. 01200-606; and WHEREAS, the Trustees of the Pension Stabilization Trust (“Trust”) have been revised with the Pension Stabilization Trust Agreement to consist of the City Council members; and
WHEREAS, at the direction of the City Treasurer, the “City of Corona’s Pension Stabilization Trust Investment Policy” shall be reviewed annually to reflect changes in the California state codes, general market conditions or to provide further clarification of the policy; and
WHEREAS, the “City of Corona’s Pension Stabilization Trust Investment Policy” is amended to reflect the updated Trustees and associated changes throughout the document; and WHEREAS, the Finance Director has recommended to the City Council that the “City of Corona’s Pension Stabilization Trust Investment Policy” be approved and established as the policy of the City and the Trust; and
WHEREAS, the City Council has determined that the “City of Corona’s Pension Stabilization Trust Investment Policy” be approved and established as recommended by the Finance Director.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF CORONA, CALIFORNIA, that the “City of Corona’s Pension Stabilization Trust Investment Policy,” as presented to the City Council at the meeting in which this Resolution is adopted, is hereby approved and established as the policy of the City and the Trust with respect to investments.

JAMIER\07000.20108\10316341.1
PASSED, APPROVED AND ADOPTED this 15th day of October, 2025.

Mayor of the City of Corona, California
ATTEST:

City Clerk of the City of Corona, California

JAMIER\07000.20108\10316341.1

CERTIFICATION
I, Sylvia Edwards, City Clerk of the City of Corona, California, do hereby certify that the foregoing Resolution was regularly passed and adopted by the City Council of the City of Corona, California, at a regular meeting thereof held on the 15th day of October 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Corona, California, this 15th day of October 2025.

City Clerk of the City of Corona, California
[SEAL]

City of Corona Pension Stabilization Trust
Investment Policy
Effective June 18, 2025 October 15, 2025
JAMIER\07000.20108\10266092.7
I. Background
The City of Corona Pension Stabilization Trust (the “Trust”) holds a pool of funds contributed for the benefit of retired participants of the Trust.

II. Purpose
This Investment Policy is intended to assist the Trust’s fiduciaries by ensuring that they follow a prudent process and make investment-related decisions in a prudent manner. This Policy will be reviewed at least annually with the Investment Manager and the Treasury Committee, as defined in the City’s Investment Policy (Policy 01200.602). In the course of their review, the Trustees will consider the following will be considered:
 change in plan participant demographics,
 amended plan provisions that may have a material effect on cash flow needs or the investment horizon,
 any changes in asset allocation as recommended by the Investment Manager,  actuarial reports, if any, and
 other factors deemed relevant to the Trust that might require amending the Policy.

As stated in the Trust Agreement Governing the Pension Stabilization Trust effective January 19, 2022 and amended October 15, 2025 (the “Trust Agreement”), the Treasury Committee shall report to the Board of Trustees at least annually on the performance of the Trust Fund’s investments and compliance with the Trust’s this Investment Policy. This Investment Policy may be modified from time to time as determined by the Trustees.

III. Investment Objectives
The investment objectives for the Trust are:
 Long-term Growth of Assets: The Trust’s objective is to grow over time and increase its purchasing power by earning a total return in excess of inflation over multi-year periods. The Investment Manager will seek to minimize risk through diversification.

The Investment Manager acknowledges that the Trustees have adopted a long-term earnings target rate of return of 7.50% used in setting the Plan’s benefit levels. The Investment Manager shall alert the Trustees at any time that such long-term earnings target rate is not reasonable over a market cycle. The Trustees will periodically review the reasonableness of this target rate with the Investment Manager(s).
 Preservation of Capital: Another of the Trust’s objectives is to protect principal. Exposing the Trust to undue risk is to be avoided; however, the assumption of a moderate level of risk, commensurate with the growth objective, is warranted in pursuit of the investment goals. The Investment Manager and the Trustees recognize financial assets fluctuate in value and near-term results can diverge from long-term stated goals. The Investment Manager will seek to minimize risk through diversification.

The Investment Manager will advise the Trustees from time to time on the reasonableness of their objectives in light of capital market conditions.

City of Corona Pension Stabilization Trust
Investment Policy
June 18, 2025 October 15, 2025

JAMIER\07000.20108\10266092.7
 Liquidity: To provide sufficient liquidity for periodic cash requirements.

These objectives are to be considered in conjunction with guidelines and restrictions set forth in this Policy.

IV. Roles and Responsibilities
Those responsible for the management of the Trust’s investments include, but are not limited to the following. In addition to specific duties set forth throughout this Policy, the parties have the following general responsibilities.

The Board of Trustees
The Board of Trustees, as established by the Trust Agreement is composed of the members of Governing the Pension Stabilization Trust effective January 19, 2022 and amended September 15, 2025, and includes the City Treasurer, City Manager, Assistant City Manager, Finance Director, and Accounting ManagerCity Council membersof the City of Corona. The Trustees are responsible for:
 Hiring the Investment Manager
 Retaining other investment and legal counsel
 Establishing and maintaining the Investment Policy
 Monitoring the Investment Manager (delegated to the Treasury Committee)  Evaluating the Trust’s investment performance (delegated to the Treasury Committee)  Communicating with participants concerning investment results The Investment Managers
The Investment Managers isare responsible for making reasonable investment decisions that are consistent with this Investment Policy, and the Investment Manager’s contract with the Trust, including the specific Investment Guidelines set forth in Section VI therein, or as requested in writing by the Trust’s fiduciaries. The Investment Manager shall allocate Trust assets consistent with this Policy and the specific Investment Guidelines, and deliver reports as described in Section XII below.

V. Selection of Investment Managers
The Trustees shall select the Investment Manager to manage the Trust assets within the criteria set forth by this Investment Policy. The evaluation process shall include requesting a bid proposal from each candidate. Each Investment Manager must meet certain minimum criteria:
 It should be a bank, insurance company, or investment management company or an investment adviser registered under the Investment Advisers Act of 1940.  It must assume, in writing, investment fiduciary status concerning investments of the Trust.  It must be operating in good standing with regulators and clients, with no material pending or concluded legal actions.
 It should provide detailed additional information on the history of the firm, its investment philosophy and approach, and its principals, locations, fee schedule, and other relevant information.  It must provide to the Trustees evidence of fidelity bonding and fiduciary liability insurance.  It must be willing to supply references subject to client confidentiality.  It must disclose all fees and costs and provide a detailed explanation of how fees are determined.

City of Corona Pension Stabilization Trust
Investment Policy
June 18, 2025 October 15, 2025

JAMIER\07000.20108\10266092.7
VI. Asset Class Restrictions and Investment Guidelines
The Investment Manager will seek to diversify the Trust across market sectors and individual securities to reduce portfolio risk and enhance returns. Excluding Treasury, agency obligations, exchange traded funds (ETFs), and mutual fund holdings, no individual security holding shall exceed 5% of the portfolio at time of purchase. Individually purchased fixed income securities must, at the time of purchase, have a credit rating of at least “Investment Grade” by one of more of the Nationally Recognized Statistical Rating Organization (NRSRO).

The Investment Manager will not invest in investment vehicles that cannot be 100% redeemed or sold within three (3) business days.

VII. Time Horizon
The recommended investment strategy is based upon an investment horizon of twenty years or more. The Trustees understands volatility of returns in the short-term and have agreed to view cyclical fluctuations with appropriate perspective. The Investment Manager will seek to minimize volatility through diversification.

VIII. Asset Allocation
The Investment Manager will be responsible for assisting the Trustees in establishing a prudent asset allocation for the Trust portfolio based on the particular goals, objectives, needs, risk tolerance and time horizon of the Trust portfolio. In doing so, the Trustees will seek to diversify the Trust portfolio within and across market sectors and individual securities to reduce portfolio risk and enhance return.

The Investment Manager shall allocate Trust assets consistent with the stated guidelines noted in Section VI above, the stated objectives set forth in Section III, and in accordance with the asset allocation set forth in this section. The allocation of Trust assets shall be maintained within the Acceptable Range and the Policy Mix, as noted below. Individual managers with stock/bond mandates will be responsible for rebalancing as necessary.

Should the Trustees hire stock-only and bond-only managers, the Trustees will act to shift assets between managers to rebalance, including the hiring of an investment adviser.

IX. Portfolio Rebalancing
Over time, each asset class may build up to the maximum point within the Acceptable Range. At least quarterly, the Investment Manager will rebalance the portfolio allocations to assure that asset allocation proportions remain within the Acceptable Range.

X. Permitted Securities & Market Sectors
Investments may be placed in the following:

Policy Mix Acceptable Range
Cash & Fixed Income 10%-30%
Commodities (not direct investment) 0%-5%
Global Equities 50%-80%
Real Estate Investment Trusts (REITs) 0%-15%

City of Corona Pension Stabilization Trust
Investment Policy
June 18, 2025 October 15, 2025

JAMIER\07000.20108\10266092.7
 Fixed-income securities of U.S. and non-U.S. issuers including governments, quasi-government entities and corporations
 Money-market instruments
 Mortgage-backed securities
 Asset-backed securities
 Equity securities of U.S. and non-U.S. issuers
 Publicly traded Real Estate Investment Trusts (REITs)  Commingled funds that are consistent with the aforementioned investment objectives  Mutual Funds that invest in securities permitted by this investment policy  Exchange Traded Funds (ETF) that invest in securities permitted by this investment policy XI. Prohibited Transactions
 Margin purchases
 Direct investment in real estate or direct real estate lending (the Investment Manager may buy commingled funds that invest in real estate or real estate lending activities)  Hedge funds
 Direct short sales of individual securities (the Investment Manager may buy commingled Funds that employ short sale techniques)
 Direct investment in commodities futures contracts (the Investment Manager may buy commingled funds that use futures contracts)
 Non-US dollar denominated investments (except the Investment Manager may buy commingled funds that purchase both US and non-US dollar denominated securities)  Investment vehicles that have limited liquidity, i.e., any investment that may not be 100% redeemed or sold for cash within three (3) business days.

XII. Investment Manager Reports
A. Performance Measurement
The Investment Manager will make time-weighted rate of return measurements at quarterly intervals for the portfolio as a whole and for each separate asset class.

The Investment Manager will report on the performance of the portfolio net of fees. Performance will be measured against a “Benchmark” comprised of 35% S&P 500 Index, 25% MSCI EAFE Index, and 40% Bank of America Merrill Lynch US Corporate, Government and Mortgage Index. The Investment Manager will report quarterly on the performance of the portfolio, net of fees, compared to the Benchmark.

The Treasury Committee or Trustees may request the Investment Manager to offer additional benchmarks (e.g., interpolated) in order to better gauge performance and gain a more complete understanding of investment performance.

The Investment Manager will report holdings monthly and performance quarterly, as well as upon request. The reports should provide annualized performance information net of fees that includes the following time horizons: year to date, and one, three, five and ten (to the extent the manager has managed for those periods) year “look back” periods. Provided performance data is available from the prior investment manager, the Investment Manager shall provide annualized performance information for

City of Corona Pension Stabilization Trust
Investment Policy
June 18, 2025 October 15, 2025

JAMIER\07000.20108\10266092.7
“look back” periods during which the prior investment manager managed the Trust investments for all or part of the “look back” period.

The Investment Manager is responsible for immediately reporting to the Trustees Treasury Committee any material changes in investment strategy, portfolio structure, company ownership, financial position, and any unusual or extraordinary events of their firm. Examples of such events include, but are not limited to, portfolio manager or management team departure, significant changes in the firm’s overall client composition, violation of investment guidelines, material litigation against the manager firm, material changes in firm ownership structure, or announcements thereof. The Treasury Committee is responsible for reporting significant changes to the Trustees.

B. Fee/Cost Disclosure
The Investment Manager is responsible to include in quarterly reports the following information regarding fees and costs:

1. Total actual dollar amount Investment Manager’s advisory fees (not including internal fund fees) for the prior rolling 12 months;

2. Total estimated annualized dollar amount of the internal fund fees;

3. The Investment Manager’s advisory fees (not including internal fund fees) as a percentage of total asset value, as of the end of the quarter reported;

4. The fund expense ratio for each investment vehicle, as a percentage of assets invested in the particular investment vehicle, as of the end of the quarter reported; and

5. The total internal fund fees, reported as a percentage of total asset value, as of the end of the quarter reported.

No less than annually, the Investment Manager shall also disclose any other costs associated with the investment and management of the Trust portfolio including, but not limited to, custodial fees for holding trust assets, annual operating expenses, such as expense ratios, wrap fees, mortality fees, etc., and other costs to administer the portfolio, etc. This report must include disclosure of remuneration from all sources whether the remuneration be direct, indirect, an offset, stipulations (order flow), compensation paid among related parties, and the like.

Any compensation that the Investment Manager expects to receive in connection with termination of the Investment Management services contract, including a description of how any pre-paid compensation will be calculated and refunded on termination of the contract, shall be disclosed in the Investment Management services contract and any revisions thereto.

Fees must be competitive in the applicable marketplace compared to similar investments; it is the responsibility of the Investment Manager to clearly articulate its own fees.

XIII. Investment Monitoring
The Treasury Committee, as defined in the City’s Investment Policy (Policy 01200.602), shall review the Investment reports and results on a quarterly basis. If the performance of the Investment Manager and the investment results are found to be satisfactory to the Trustees, no further action is required. The Trustees will evaluate the performance of Trust portfolio investments and Investment Managers from a long-term perspective and the time horizon noted in Section VII.

City of Corona Pension Stabilization Trust
Investment Policy
June 18, 2025 October 15, 2025

JAMIER\07000.20108\10266092.7
Nonetheless, where the Trustees or the Treasury Committee find the performance of a Investment Manager to be unsatisfactory, the Trustees or the Treasury Committee will promptly take action to attempt to remedy the deficiency.

XIV. Manager Termination
Generally, the services of an Investment Manager shall be terminated when the Treasury Committee or Trustees lose confidence in the Investment Manager. If there are significant changes in the Investment Manager’s investment style, the company ownership or management of the Investment Manager’s firm/organization, or performance of the Investment Manager, the Trustees may consider terminating the Investment Manager.

The Treasury Committee or Trustees shall communicate a termination decision to the Investment Manager in writing.

XV. Proxies
The Trustees have determined, in consultation with the Investment Manager, that the cost and burden of researching and voting proxies appurtenant to the type of investments held in the Trust portfolio generally outweighs the financial benefit to the Trust from such voting. Thus, the Board of Trustees hereby directs that the Trust will not vote on proxies appurtenant to shares of stock, mutual funds, or other investments held by the Trust, unless special circumstances arise (as communicated by the Investment Manager to the Trustees and the Trustees specifically direct the Investment Manager to handle proxy voting.

This City of Corona Pension Stabilization Trust Investment Policy has been reviewed by the Trustees and is amended and adopted by the City Council at a meeting held on June 18, 2025October 15, 2025, and shall be effective immediately.

City of Corona Pension Stabilization Trust
Investment Policy
June 18, 2025 October 15, 2025

JAMIER\07000.20108\10266092.7
Glossary of Investment Terms
BENCHMARK. A comparison security or portfolio for evaluating the Investment Manager’s performance.

COMMINGLED FUND. An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities issued by multiple issuers. Examples include mutual funds and exchange traded funds.

COMMODITY. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade. Examples include crude oil and gold.

DIVERSIFICATION. Dividing investment funds among a variety of investments and sectors to avoid excessive exposure to any one source of risk.

EQUITY. A stock or any other security representing an ownership interest.

EXCHANGE TRADED FUND (ETF). A marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold.

INVESTMENT GRADE. A credit rating that indicates a bond has a relatively low risk of default. Bond rating firms, such as Standard & Poor's, use different designations consisting of upper- and lower-case letters 'A' and 'B' to identify a bond's credit quality rating. 'AAA' and 'AA' (high credit quality) and 'A' and 'BBB' (medium credit quality) are considered investment grade.

Credit ratings for bonds below these designations ('BB', 'B', 'CCC', etc.) are considered low credit quality, and are commonly referred to as "High Yield bonds." INVESTMENT MANAGER. The person or organization that makes investments in portfolios of securities on behalf of the Trust, in accordance with the investment objectives and parameters defined by this Investment Policy. The Investment Manager shall be responsible for all activities associated with the management of the Trust portfolio, from buying and selling securities on a day-to-day basis to portfolio monitoring, settlement of transactions, performance measurement, and regulatory and client reporting.

LIQUIDITY. The speed and ease with which an asset can be converted to cash.

MARKET CYCLE. Every market has cycles and they recur periodically, though not on a predictable schedule. The length of each full cycle, and each phase within it, varies from several months to several years. The top of a cycle is called a peak and the bottom a trough.

MONEY MARKET. The market in which short-term debt instruments (T-bills, discount notes, commercial paper, and banker’s acceptances) are issued and traded.

MUTUAL FUND. An entity which pools the funds of investors and invests those funds in a set of securities which is specifically defined in the fund’s prospectus. Mutual funds can be invested in various types of domestic and/or international stocks, bonds, and money market instruments, as set forth in the individual fund’s prospectus.

City of Corona Pension Stabilization Trust
Investment Policy
June 18, 2025 October 15, 2025

JAMIER\07000.20108\10266092.7
NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION (NRSRO). A credit rating agency that issues credit ratings that the U.S. Securities and Exchange Commission (SEC) permits other financial firms to use for certain regulatory purposes.

REAL ESTATE INVESTMENT TRUST (REIT). A security that invests in real estate directly, either through properties or mortgages.

DATE: 10/15/2025
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
2025-391

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

FINAL TRACT MAP 38495 TO SUBDIVIDE 9.33 ACRES INTO 35 SINGLE FAMILY

RESIDENTIAL LOTS, LOCATED ON GARRETSON AVENUE, SOUTH OF SANTANA WAY IN THE R-1-20 AND R-1-14.4 SINGLE FAMILY RESIDENTIAL ZONES (APPLICANT: TOLL WEST COAST LLC)
EXECUTIVE SUMMARY:

This staff report asks the City Council to approve the final tract map for Tentative Tract Map 38495 (TTM 38495). Toll West Coast LLC, the applicant and owner, is prepared to submit the final map for recordation at the County of Riverside. The recordation of the tract map will allow the owner to facilitate the development of the site for 35 single family residential lots.

RECOMMENDED ACTION:

That the City Council approve the final map for Tentative Tract Map 38495.

BACKGROUND & HISTORY:

The project site is a vacant 9.33-acre parcel that was previously used for agricultural purposes. The subject property is a split-zoned parcel, in that the western portion of the property which fronts Garretson Avenue is zoned R-1-20, and the remaining eastern portion of the property is zoned R-1-14.4. The R-1-20 zone requires a minimum lot area of 20,000 square feet for newly created lots. The R-1-14.4 zone requires a minimum lot area of 14,000 square feet. Both zones permit the development of single-family residential housing.

The property has a land use designation of Estate Residential (ER) on the General Plan map and South Corona Community Facilities Plan (SCCFP). The ER designation of the General Plan permits 1-3 dwelling units per acre (du/ac).

TTM 38495 is associated with Affordable Housing Density Bonus Agreement 2023-0001 (AHDB2023-0001). TTM 38495 and AHDB2023-0001 were approved by the City Council on September 19, 2024.

ANALYSIS:

The applicant is prepared to record the final map for TTM 38495 according to Section 33458(a) of the California Government Code. To guarantee the construction of the public and private infrastructure improvements associated with the development, the developer will execute improvement agreements with the city pursuant to CMC Chapter 16.24 and has posted the required securities for the street, storm drain, sewer, water, reclaimed water, and landscaping facilities.

According to the requirements of the Subdivision Map Act, the developer will also enter into an agreement for the survey monumentation and post sufficient securities to guarantee the placement of all survey monuments and improvements required by TTM 38495.

FINANCIAL IMPACT:

All applicable fees have been paid by the developer, including the development impact fees that are due prior to the recordation of the map.

ENVIRONMENTAL ANALYSIS:

Per Section 15070 of the State Guidelines for Implementing the California Environmental Quality Act (CEQA) and Section 6.02 of the City’s Local CEQA Guidelines, a Mitigated Negative Declaration was prepared for TTM 38495 and approved by the City Council on September 19, 2024. The recordation of the final map is consistent with its initial approval, and no additional environmental analysis is required.

PREPARED BY: JENNIFER TRAN, ASSOCIATE ENGINEER
REVIEWED BY: JOANNE COLETTA, PLANNING AND DEVELOPMENT DIRECTOR ATTACHMENTS:

1. Exhibit 1 – Location map

0 1" = 50' 25 50 100 Page 153 of 445
DATE: 10/15/2025
TO: Honorable Mayor and City Council Members
Honorable President and Board Members
FROM: Public Works Department & Utilities Department
2025-394

REQUEST FOR CITY COUNCIL AND

CORONA UTILITY AUTHORITY ACTION
SUBJECT:

APPROVE THE FUNDING AGREEMENT WITH RIVERSIDE COUNTY FLOOD

CONTROL AND WATER CONSERVATION DISTRICT TO FUND THE DESIGN AND

CONSTRUCTION OF THE BUTTERFIELD DRIVE RECLAIMED WATER FLOW CONTROL STATION, CAPITAL IMPROVEMENT PROJECT NO. UT-2023-03 EXECUTIVE SUMMARY:

This staff report asks for the City Council to approve the acceptance and appropriation of project funding administered by the Riverside County Flood Control and Water Conservation District, in the amount of $5,333,516, for the Butterfield Drive Reclaimed Water Flow Control Station Project.

RECOMMENDED ACTION:

That the City Council:
a. Approve the Funding Agreement with the Riverside County Flood Control and Water Conservation District, in the amount of $5,333,516, for the design and construction costs of the Butterfield Drive Reclaimed Water Flow Control Station Capital Improvement Project No. UT-2023-03.

b. Authorize the City Manager, or his designee, to execute the Funding Agreement with the Riverside County Flood Control and Water Conservation District to memorialize the mutual understandings by and between the District and City of Corona with respect to funding, design, construction, inspection, ownership, operation, and maintenance of the Butterfield Drive Reclaimed Water Flow Control Station Capital Improvement Project No. UT-2023-03.
c. Authorize an appropriation and an offsetting estimated revenue increase in the amount of $5,333,516 from the Water Utility Grant/Agreement Fund 571 for the Butterfield Drive Reclaimed Water Flow Control Station, Capital Improvement Project No. UT-2023-03.

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

BACKGROUND & HISTORY:

The Butterfield Drive Reclaimed Water Flow Control Station Project (Project) includes the construction of a small Flow Control Station (FCS) to connect an existing 20-inch reclaimed waterline at Butterfield Drive to another existing 24-inch steel reclaimed waterline to enable the City to receive reclaimed water from the WRCRWA plant. The proposed FCS will utilize pressure-reducing and flow-control valves to manage the flow of reclaimed water from the WRCRWA plant to the Water Reclamation Facility #1 (WRF#1) reclaimed water storage tank and the Cota Ponds for groundwater recharge.

This Project is vital to stabilize the Temescal Groundwater Basin by transporting up to 12,000 acre-foot of reclaimed water per year from WRCRWA to the City to address an overdraft due to the lack of adequate Zone 2 storm water retention and recharge facilities.

Basin overdraft occurs when the extraction of groundwater exceeds the amount of water that is naturally or artificially charged, leading to a decline in groundwater levels and various environmental impacts.

Project improvements will also include using high-density polyethylene pipe to slip line approximately 4,000 linear feet of the existing 24-inch steel pipe from WRF-1 to the proposed flow control station site. This final link in the reclaimed water transmission pipeline system will enable the City to receive reclaimed water from WRCRWA plant to support the City's ongoing efforts to manage imported water and conserve local groundwater supply. Design work is currently at 60% complete with construction anticipated to begin in the summer or fall of 2026.

On October 20, 2022, the City of Corona applied for and was awarded funding from the Riverside County Flood Control and Water Conservation District (District) to provide for 75% of the proposed improvement costs. The other 25% of the project is funded by the Water Reclamation and Reuse Program administered by the Bureau of Reclamation under Title XVI. In fiscal year 2025, staff identified the need to increase project funding due to the increased construction labor and material costs. As such, the City requested additional funding from the District in October 2024 for fiscal year 2025-2026. At its CIP Public Workshop for fiscal year 2025-2026, the District approved the additional funding

request to allocate a revised budget amount of $5,333,516 to the City’s Project. This agreement, the first presented to the City Council regarding this project, was approved by the City Attorney’s Office.

ANALYSIS:

Approval of this funding agreement will provide the remaining amount (75%) necessary to complete the Project. The Project is currently funded by the Water Reclamation and Reuse Program administered by the Bureau of Reclamation under Title XVI, which provides 25% of the total project cost, with the remaining 75% as a cost-share matching requirement. The approval of the recommended actions will secure up to $5,333,516 in additional funding to be applied towards the local cost-share requirement of 75% and offset an estimated revenue increase in the Reclaimed Water Utility Fund that would otherwise be utilized towards the project cost. This funding will support key project components, including but not limited to the design, acquisition of environmental and regulatory permits, and construction of the Project. Additionally, the recommended actions will also limit the City’s cost-share obligation to ancillary expenses outside of design and construction to support a critical infrastructure project that contributes to longterm water reliability and water resource management objectives.

FINANCIAL IMPACT:

Approval of the recommended actions will result in an appropriation and an offsetting estimated revenue increase in the amount of $5,333,516 from the Water Utility Grant/Agreement Fund 571 to the Butterfield Drive Reclaimed Water Flow Control Station Capital Improvement Project No. UT-2023-03.

ENVIRONMENTAL ANALYSIS:

These actions are exempt from the California Environmental Quality Action (CEQA), as the actions are not a “project” as defined by CEQA, PRC Section 21065, and CEQA Guidelines Section 15378, guidelines which define a “project” as the whole of an action, which has a potential for resulting in either a direct physical change in the environment, or reasonable foreseeable indirect physical change in the environment, and that is an activity directly undertaking by any public agency including public works construction and related activities. These actions involve the acceptance and appropriation of project funding to the Butterfield Drive Reclaimed Water Flow Control Station, and there is no possibility that accepting the funding will have a significant impact on the environment.

Therefore, no environmental analysis is required. After the approval of the recommended actions herein, staff will continue with this project’s design and environmental analysis to complete any application documentation.

PREPARED BY: NATHAN ARMENDARIZ, ASSOCIATE ENGINEER
REVIEWED BY: SAVAT KHAMPHOU, PUBLIC WORKS DIRECTOR
ATTACHMENTS:

1. Exhibit 1 – Funding Agreement