Corona City Council
January 21, 2026

Wednesday, January 21, 2026
Closed Session Council Board Room 4:00 PM
Open Session Council Chambers 6:00 PM
This meeting will be conducted in person. You can participate remotely:

Public Zoom Link
(877) 853-5257
Webinar ID: 815 9095 8514

1. CONVENE CLOSED SESSION

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 PUBLIC EMPLOYEE PERFORMANCE EVALUATION
PURSUANT TO GOVERNMENT CODE SECTION 54957
TITLE: CITY MANAGER

1.3 PUBLIC EMPLOYEE PERFORMANCE EVALUATION
PURSUANT TO GOVERNMENT CODE SECTION 54957
TITLE: CITY ATTORNEY/LEGAL & RISK MANAGEMENT DIRECTOR

1.4 CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(D)(1)
NAME OF CASE: CITY OF CORONA V. ROYAL RIDGE INVESTMENT INC., ET AL.

CASE NUMBER: RIVERSIDE SUPERIOR COURT CASE NO. RIC 2003117

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

3. PLEDGE OF ALLEGIANCE

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

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

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS

5.1 RECOGNITION: K9 BRUCE

5.2 PRESENTATION: CORONA BLOOD ON BOARD PROGRAM

5.3 PRESENTATION: FINAL DESIGN FOR THE CITY PARK PROJECT

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.

That the City Council approve the Consent Calendar.

6.1 MINUTES - CITY COUNCIL MEETING JANUARY 7, 2026
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 January 7, 2026

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 NOVEMBER 2025
That the City Council receive and file the monthly investment portfolio report for November 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 NOVEMBER 2025
That the City Council receive and file the monthly fiscal report for November 2025.

6.4 PROFESSIONAL SERVICES AGREEMENT WITH MICHAEL BAKER INTERNATIONAL FOR DESIGN

AND CONSTRUCTION SUPPORT SERVICES FOR THE CORONA MASTER DRAINAGE PLAN (MDP) LINE 5, ALONG RAILROAD STREET BETWEEN SHERMAN AVENUE AND JENKS DRIVE,

CAPITAL IMPROVEMENT PROJECT
That the City Council:

Award Request for Proposal No. 25-075AT to Michael Baker International, for design and construction support services for the Corona MDP Line 5, Capital Improvement Project No.

ST-2025-03.
a.

Approve the Professional Services Agreement with Michael Baker International, for design and construction support services for the Corona MDP Line 5, Capital Improvement Project No. ST-2025-03 in the amount of $389,929, and waive any minor irregularities in the proposal.
b.

Authorize the City Manager, or his designee, to execute a Professional Services Agreement with Michael Baker International in the amount of $389,929, including any non-substantive c.

extensions, change orders, purchase orders, and amendments up to 10% or $38,993.

6.5 AUTHORIZE THE REFURBISHMENT OF AN EXISTING KME FIRE ENGINE (PUMPER) FROM

FIRETRUCKS UNLIMITED VIA SOURCEWELL CO-OP
That the City Council:

Authorize the one-time refurbishment of one (1) existing relief KME fire engine (pumper) from Firetrucks Unlimited in an amount not to exceed $703,453. a.

Authorize the City Manager, or his designee, to issue a purchase order to Firetrucks Unlimited for the refurbishment of one (1) existing relief fire engine (pumper) in an amount not to exceed $703,453, including any non-substantive extensions, change orders, purchase orders, and amendments up to the amount authorized by Corona Municipal Code 3.08.080 (J), which is equivalent to 10% or $70,345.
b.

Authorize an appropriation in an amount not to exceed $773,798 from the Fleet Replacement Fund 684 to the Vehicle Procurement-Fire Operating and Maintenance Project No. 68342. c.

6.6 REQUEST TO WAIVE MASTER RECOVERY FEE FOR THE COMMUNICATIONS SITE LICENSE

AGREEMENT WITH WESTERN MUNICIPAL WATER DISTRICT
That the City Council approve the request to waive the Master Recovery Fee for the Communications Site License Agreement with Western Municipal Water District in the amount of $2,346 for the Grapehill communication site.

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

6.7 RESOLUTION DECLARING THE CITY’S INTENTION TO ANNEX TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2016-3 (MAINTENANCE SERVICES) AND ADOPTING A MAP OF THE AREA PROPOSED TO BE ANNEXED THERETO (ANNEXATION NO. 45) That the City Council adopt Resolution No. 2026-004, declaring intention to annex territory to Community Facilities District No. 2016-3 (Maintenance Services) of the City of Corona, and adopting a map of the area proposed to be annexed thereto (Annexation No. 45).

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 GENERAL PLAN AMENDMENT 2024-0003 TO CHANGE THE LAND USE DESIGNATION OF PARCELS AT 323 S. BELLE AVENUE AND 322 S. WASHBURN AVENUE FROM LOW DENSITY RESIDENTIAL AND GENERAL COMMERCIAL TO MIXED USE DOWNTOWN, INCLUDING 0.87

ACRES OF RIGHT-OF-WAY

That the City Council:

Approve General Plan Amendment 2024-0003 as recommended by the Planning and Housing Commission and adopt the Mitigated Negative Declaration and Mitigation Monitoring Reporting Program.
a.

Adopt Resolution No. 2026-002 approving the Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program and GPA2023-0003 as part of Cycle 1 of the General Plan Amendment for 2026, an amendment to the General Plan Land Use Map to change the land use of two parcels located at 323 S. Belle Avenue and 322 S. Washburn Avenue from Low Density (LDR) and General Commercial (GC), respectively, to Mixed Use Downtown (MUD) and establish the MUD land use designation on approximately 0.87 acres of public right-of-way.
b.

8.2 SPECIFIC PLAN AMENDMENT 2024-0003 TO THE DOWNTOWN REVITALIZATION SPECIFIC PLAN TO CHANGE THE ZONING OF PARCELS AT 323 S. BELLE AND 322 S. WASHBURN FROM SINGLE FAMILY AND GATEWAY BUSINESS TO DOWNTOWN, INCLUDING 0.87 ACRES OF

PUBLIC RIGHT-OF-WAY
That the City Council:
a. Approve SPA2024-0003, as recommended by the Planning and Housing Commission.

Introduce, by title only, and waive full reading of consideration of Ordinance No. 3425, first reading of an ordinance approving SPA2024-0003, an amendment to the Downtown Revitalization Specific Plan to change the zoning designation of two parcels located at 323 S.

Belle Avenue and 322 S. Washburn Avenue from Single Family (SF) and Gateway Business (GB), respectively, to Downtown (D) and to establish the Downtown (D) zoning on approximately 0.87 acres of public right-of-way within Fourth and Fifth Streets. b.

8.3 PARCEL MAP 38981 TO MERGE 13 LOTS WITH 0.87 ACRES OF PUBLIC RIGHT-OF-WAY TO CREATE ONE LOT TOTALING 4.70 ACRES FOR COMMERCIAL PURPOSES, GENERALLY LOCATED AT THE NORTHWEST CORNER AREA OF W. SIXTH STREET AND S. MAIN STREET (NOT AN ADVERTISED PUBLIC HEARING)
That the City Council approve Parcel Map 38981 based on the findings and conditions as approval as recommended by the Planning and Housing Commission.

8.4 PRECISE PLAN 2024-0001 TO REVIEW THE SITE PLAN, ARCHITECTURE, AND OTHER

FEATURES ASSOCIATED WITH A PROPOSED NORTHGATE GONZALEZ MARKET AND REMODEL OF AN EXISTING COMMERCIAL BUILDING ON 4.70 ACRES, LOCATED ON SIXTH

STREET, BELLE AVENUE AND MAIN STREET
(NOT AN ADVERTISED PUBLIC HEARING)
That the City Council affirm the Planning and Housing Commission’s action granting PP2024-0001, based on the findings contained in the staff report and conditions of approval.

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 REQUEST FROM VICE MAYOR SPEAKE TO EXPLORE CORDON PRICING FOR THE GREEN

RIVER ROAD/FOOTHILL PARKWAY CORRIDOR
That the City Council provide feedback and direction on the procurement of a consultant to prepare a feasibility study to determine the possibility and legality of a Cordon Pricing program along the Green River Road/Foothill Parkway corridor between the State Route 91 (SR-91) to Interstate 15 (I-15).

Additionally, the study would monitor how other Cordon Pricing programs are progressing, monitor vehicular volume of cut-through traffic within the city, impacts from the State Route 241 (SR-241)/State Route 91 (SR-91) and SR-91 Eastern Corridor Operations Projects (ECOP), and determine potential revenue sources and expenditures. The purpose of the program would be to deter cut-through traffic in Corona.

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 November 18, 2025.

11.1.a Election of 2026 Chair
Cherise Leonard was elected Chair for the 2026 year.

11.1.b Election of 2026 Vice Chair
Ruth Heineman was elected Vice Chair for the 2026 year.

11.1.c Library Board of Trustees Meeting Dates 2026

11.1.d Library Report - November 2025
Update on Library activities for the month of October.

11.1.e Friends of the Library Report
Terri Jaggers, Vice President, provided a report.

11.2 Planning & Housing Commission

11.3 Parks & Recreation Commission
Parks & Recreation Commission Report Update for December 9, 2025.

11.3.a Election of 2026 Chair
Robert Boggs was elected Chair for the 2026 year.

11.3.b Election of 2026 Vice Chair
Justin McBride was elected Vice Chair for the 2026 year.

11.3.c Parks & Recreation Commission Meeting Dates 2026

11.3.d Community Services Report
Update on Community Services activities for the month of November.

11.3.e Capital Improvement Project (CIP) Updates
Update on the Parks CIP Projects.

11.4 Regional Meetings

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 PROVIDING THE USE OF CITY FACILITIES TO OTHER GOVERNMENT AGENCIES FREE OF CHARGE (W. SPEAKE) FEBRUARY 4, 2026

15.2 EXPLORE THE LEGALITIES OF REQUIRING CUP’S FOR OUTPATIENT DRUG ADDICTION TREATMENT CLINICS (W. SPEAKE) FEBRUARY 18, 2026

15.3 PROVIDE THE NUMBER OF HOUSING UNITS APPROVED BY THE CITY OF CORONA SINCE 2019 (W. SPEAKE) MARCH 4, 2026

15.4 UPDATE OF CHAPTER 5.34 PEDDLERS AND SOLICITORS (W. SPEAKE) MARCH 4, 2026

16. ADJOURNMENT
The next regular meeting of the City Council is scheduled for February 4, 2026 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.

Presented by
Donna Finch, Community Services Director
RIOS Architecture, Inc.

That the City Council receive an update on the final design for the City Park project.

History
• Established in 1913
• Community gathering place for parades,
picnics, and celebrations
• Home of the historic “Municipal Plunge”
• Founders Monument constructed in 1936
Decline of City Park
• Attendance decline began in 1980’s
• Safety concerns and deteriorating conditions
• City Park pool closed in 2020

Gathering place for people,
picnics, events, community
celebrations.

Safe, family-friendly inclusive
park for people of all
abilities.

Honors our past and looks
boldly to the future.

Strategic Plan Objective
Redevelop City park, including a new full-service,
purpose-built community center.

City Park Master Plan
• Started June 2022
• 18-month process
• Community-based plan
• Outreach and engagement
• 2,100 survey responses
• Adopted by City Council on July 19, 2023
Design Milestones
• 30% CD completed January 2025
• 60% CD completed April 2025
• 90% CD completed December 2025

QUARRY STREET
E 6TH STREET

E GRAND BLVD

RIMPAU AVE

NOT PART OF PROJECT

PARKING

PUMPTRACK SPORTS COURTS SKATEPARK

NOT PART OF PROJECT

PARKING RESTROOM BLDG PICNIC SPLASH PAD COMMUNITY CANVAS COMMUNITY CENTER PARKING

PICNIC PLAYGROUND PICNIC PARKING ACTIVITY POOL
(E) BUILDING TO
REMAIN

COMPETITION/LAP POOL

PUMP TRACK

SPORTS COURTS

SKATEPARK

PLAYGROUNDS

SPLASH PAD
PICNIC
PICNIC

COMMUNITY CANVAS

SPORTS COURTS SKATEPARK

RESTROOM

ACTIVITY POOL COMPETITION/LAP POOL

33

Task Timeframe
Contractor Pre-Qualifications Nov. 2025 – Feb. 2026
Permitting Dec. 2025 – April 2026
Historic Preservation Board April 2026
Bidding April – May 2026
City Council Award Bid July 2026
Construction Begins Summer 2026

That the City Council receive an update on the final design for the City Park project.

DRAFT
1 City of Corona
City Council Minutes
Wednesday, January 7, 2026, 6:00 p.m.

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

1. CONVENE CLOSED SESSION
Closed Session convened at 5:06 p.m. for the purpose listed below. Present were Mayor Casillas, Vice Mayor Speake, Council Member Daddario, Council Member Richins, and Council Member Steiner. Closed Session adjourned at 5:49 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

2. INVOCATION
None.

3. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Maddy Paxton.

4. CONVENE OPEN SESSION
Mayor Casillas called the meeting to order at 6:03 p.m.

5. PROCLAMATIONS/RECOGNITIONS/PRESENTATIONS
None.

6. CONSENT CALENDAR
The Consent Calendar was approved with the exception of Items 6.7 and 6.8, which were voted on separately.

Moved by: Tony Daddario
Seconded by: Jim Steiner
That the City Council approve the Consent Calendar.

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

DRAFT
2 MotionAPPROVED (5 to 0)

6.1 MINUTES - SPECIAL MEETING DECEMBER 3, 2025
THE MEETING MINUTES WERE APPROVED.

6.2 MINUTES - CITY COUNCIL MEETING DECEMBER 3, 2025
THE MEETING MINUTES WERE APPROVED.

6.3 CITY COUNCIL ADOPTION OF ORDINANCE NO. 3423, SECOND READING

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

6.4 CITY COUNCIL ADOPTION OF ORDINANCE NO. 3424, SECOND READING

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

6.5 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 OCTOBER 2025
THIS FINANCIAL REPORT WAS RECEIVED AND FILED.

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

6.6 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 OCTOBER 2025
THIS FINANCIAL REPORT WAS RECEIVED AND FILED.

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

6.7 CONSTRUCTION CONTRACT WITH COPP CONTRACTING, INC. FOR THE

SIDEWALK GAP CLOSURE AT EAST CHASE DRIVE AND SMITH AVENUE Vice Mayor Speake provided comments in support of the proposed item.

Moved by: Wes Speake
Seconded by: Jim Steiner
That the City Council:
a. Adopt Plans and Specifications for the Sidewalk Gap Closure at Chase Drive and Smith Avenue, Capital Improvement Project No. ST-2022-14, Notice Inviting Bids NIB 26-014AT.

DRAFT
3 b. Award Notice Inviting Bids 26-014AT to Copp Contracting, Inc., the lowest responsive, responsible bidder, for the total bid amount of $570,464, and waive any and all minor irregularities in the bidding document as submitted by said bidder.
c. Approve the construction contract with Copp Contracting, Inc. for the Sidewalk Gap Closure at Chase Drive and Smith Avenue, Capital Improvement Project No. ST-2022-14, in the amount of $570,464. d. Authorize the City Manager, or his designee, to execute the construction contract with Copp Contracting, Inc., in the amount of $570,464, including any non-substantive extensions, change orders, purchase orders, and amendments up to 10%, which is equivalent to $57,046 as authorized by Corona Municipal Code 3.08.050 (H).
e. Authorize the City Manager, or his designee, to issue a purchase order to Copp Contracting, Inc., in the amount of $570,464.
f. Authorize a budgetary transfer in the amount of $377,015 from the Citywide ADA and Sidewalk Improvements, Capital Improvement Project No. ST-2025-05 to the Sidewalk Gap Closure at Chase Drive and Smith Avenue, Capital Improvement Project No. ST-2022-14 within the Measure X Fund 120 to cover the increase in construction cost due to inflation and the addition of streetlights to the Project.

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

6.8 AUTHORIZE PURCHASE OF 1 PIERCE FIRE ENGINE (PUMPER) FROM

SOUTH COAST FIRE EQUIPMENT VIA SOURCEWELL CO-OP
Don Fuller, resident, addressed the Council to provide comments in support of the proposed item.

Moved by: Wes Speake
Seconded by: Tom Richins
a. Authorize the purchase of one (1) new vehicle from South Coast Fire Equipment for the Fire Department in the amount of $1,453,033. b. Authorize the City Manager, or his designee, to issue a purchase order to South Coast Fire Equipment in the amount of $1,453,033, including any non-substantive extensions, change orders, purchase orders, and

DRAFT
4 amendments up to the amount authorized by Corona Municipal Code

3.08.080(J), which is equivalent to 10% or $145,303.
c. Authorize an appropriation in the amount of $1,598,337 from the Fleet Replacement Fund 684 to the Vehicle Procurement-Fire Operating and Maintenance Project No. 68342.

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

6.9 ADOPTION OF THE 2026 LEGISLATIVE PLATFORM AND FINANCIAL

PRIORITIES
THIS ITEM WAS APPROVED.

That the City Council adopt the 2026 Legislative Platform and Financial Priorities, as previously presented at the December 3, 2025, City Council meeting.

7. COMMUNICATIONS FROM THE PUBLIC
The following residents addressed the Council: Maddy Paxton, Joe Morgan, Rory Connell, Alfredo Reza, Jesse Sojo, Nancy Jimenez-Hernandez, Colin Marleovich, David Herandez, Jocelyn Galindo, and Flor Shabgahi.

8. PUBLIC HEARINGS
None.

9. ADMINISTRATIVE REPORTS

9.1 PRESENTATION ABOUT THE CITY’S UPDATED CALPERS UNFUNDED LIABILITIES AND APPROVAL OF THE FISCAL YEAR 2026 PENSION

STABILIZATION TRUST CONTRIBUTION
Kim Sitton, Finance Director, provided a report.

That the City Council:
a. Acting as the Pension Stabilization Trust Board, receive the presentation about the updated pension liabilities and Pension Stabilization Trust. b. Approve a Fiscal Year 2026 Pension Stabilization Trust contribution of $2,300,000 ($2.0 million from the Measure X Fund 120 and $0.3 million from the General Fund 110).

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

DRAFT
5 9.2 FIRST AMENDMENT TO THE PROFESSONAL SERVICES AGREEMENT

WITH SVA ARCHITECTS AND BUDGET APPROPRIATION FOR THE NORTH

MALL ARCHITECTURAL SERVICES
Justin Tucker, Assistant City Manager, provided a report.

The following residents addressed the Council regarding the proposed item: Rory Connell, Jeremy Devine, Joe Morgan, Maddy Paxton, Victor Ramirez, Don Fuller, Karen Alexander, and Vanessa Villafan.

The Council provided comments and had inquiries. Mr. Tucker and Dean Derleth, City Attorney, provided clarification.

That the City Council:
a. Pursue the Surplus Land Act exemption for a mixed use project of at least 300 housing units with 25% of units affordable.
b. Approve the First Amendment to the Professional Services Agreement with SVA Architects in the amount of $1,482,150 for Architectural Services for the North Mall Development.
c. Authorize the City Manager, or his designee, to execute the First Amendment to the Professional Services Agreement with SVA Architects in the amount of $1,482,150 including any non-substantive extensions, change order, and amendments to 10% of the agreement amount, as authorized in Corona Municipal Code Section 3.08.070(I). d. Authorize the City Manager, or his designee, to issue a change order to the on-call purchase order with SVA Architects (B260001) for a total purchase order amount of $1,482,150.
e. Authorize an appropriation in the amount of $982,150 from Measure X Fund 120 to the North Corona Mall Acquisition/Improvements, Operating and Maintenance Project No.78390.

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

9.3 NONCONFORMING USES IN DOWNTOWN CORONA
THIS ITEM WAS TAKEN OUT OF ORDER.

Mayor Casillas motioned to withdraw the previous motion, which was to delay the conversation about amortization. She does not want a delay to engage with the business community and partner with the Chamber of Commerce.

DRAFT
6 The following residents addressed the Council to provide comments: Tim Gramling, Rory Connell, Joe Morgan, and Wayne Tallman.

The Council provided comments and had inquiries. Dean Derleth, City Attorney/LRM Director, and Jacob Elllis, City Manager, provided clarification.

Moved by: Jacque Casillas
Seconded by: Jim Steiner
That the City Council provide direction to staff on next steps and community engagement related to nonconforming uses in the Downtown Specific Plan boundaries.

Aye (4): Jacque Casillas, Wes Speake, Tom Richins, and Jim Steiner Nay (1): Tony Daddario
MotionAPPROVED (4 to 1)

10. LEGISLATIVE MATTERS
None.

11. REPORTS FROM BOARDS AND COMMISSIONS

11.1 Library Board of Trustees
None.

11.2 Planning & Housing Commission
None.

11.3 Parks & Recreation Commission
None.

11.4 Regional Meetings

11.4.a UPDATE FROM COUNCIL MEMBER TONY DADDARIO ON THE

WESTERN RIVERSIDE COUNTY REGIONAL CONSERVATION
AUTHORITY (RCA) MEETING OF JANUARY 5, 2026
Council Member Daddario provided an update.

11.4.b UPDATE FROM COUNCIL MEMBER TOM RICHINS ON THE RIVERSIDE

COUNTY HABITAT CONSERVATION AGENCY (RCHCA) MEETING OF
DECEMBER 11, 2025
Meeting was cancelled.

11.4.c UPDATE FROM COUNCIL MEMBER JIM STEINER ON THE RIVERSIDE TRANSIT AGENCY (RTA) BOARD MEETING OF DECEMBER 18, 2025 Council Member Steiner provided an update.

DRAFT
7 11.4.d UPDATE FROM VICE MAYOR WES SPEAKE ON THE SOUTHERN

CALIFORNIA ASSOCIATION OF GOVERNMENTS (SCAG) JOINT POLICY MEETING OF DECEMBER 4, 2025
Vice Mayor Speake provided an update.

11.4.e UPDATE FROM VICE MAYOR WES SPEAKE ON THE RIVERSIDE

COUNTY TRANSPORTATION COMMISSION (RCTC) MEETING OF
DECEMBER 10, 2025
Vice Mayor 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
The Council provided comments.

14.1 CITY COUNCIL APPOINTMENT OF SOUTHERN CALIFORNIA ASSOCIATION

OF GOVERNMENTS (SCAG) GENERAL ASSEMBLY DELEGATE AND
ALTERNATE FOR THE MEETING OF MAY 7 - 8, 2026
Mayor Casillas nominated Vice Mayor Speake as the Delegate and Council Member Daddario as the Alternate.

Moved by: Jacque Casillas
Seconded by: Tom Richins
That the City Council approve Vice Mayor Wes Speake as the Delegate and Council Member Tony Daddario as the Alternate.

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

14.2 APPOINTMENTS TO REGIONAL BOARDS AND COMMISSIONS
Mayor Casillas appointed Council Member Steiner to serve the remainder of the term for Riverside County Transportation Commission and seconded by Council Member Daddario. No other changes were made to the Regional Boards and Commissions appointments.

Moved by: Jacque Casillas
Seconded by: Tom Richins
That the City Council approve the appointments with no changes.

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

DRAFT
8 MotionAPPROVED (5 to 0)

14.3 RESOLUTION APPROVING THE CITY COUNCIL MEETING SCHEDULE FOR CALENDAR YEAR 2026
Kristian Duarte, Deputy City Clerk, provided a report.

That the City Council adopt Resolution No. 2026-001, approving the City Council meeting schedule for calendar year 2026.

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

14.4 REAPPOINTMENT TO THE NORTHWEST MOSQUITO AND VECTOR

CONTROL BOARD OF TRUSTEES
THIS ITEM WAS TAKEN OUT OF ORDER.

Mayor Casillas reappointed Nancy Jimenez Hernandez to the Northwest Mosquito and Vector Control Board of Trustees.

Moved by: Jim Steiner
Seconded by: Tom Richins
That the City Council approve the appointment of Nancy Jimenez Hernandez to the Northwest Mosquito and Vector Control Board of Trustees.

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

15. FUTURE AGENDA ITEMS

15.1 CITY PARK FINAL DESIGN (STAFF) JANUARY 21, 2026

15.2 EXPLORE CORDON PRICING OF THE FOOTHILL CORRIDOR TO DETER CUT THROUGH TRAFFIC (W. SPEAKE) JANUARY 21, 2026

15.3 UPDATE OF CHAPTER 5.34 PEDDLERS AND SOLICITORS (W. SPEAKE)

FEB/MARCH

15.4 PROVIDING THE USE OF CITY FACILITIES TO OTHER GOVERNMENT AGENCIES FREE OF CHARGE (W. SPEAKE) FEB/MARCH

15.5 EXPLORE THE LEGALITIES OF REQUIRING CUP’S FOR OUTPATIENT DRUG ADDICTION TREATMENT CLINICS (W. SPEAKE) FEB/MARCH

15.6 PROVIDE THE NUMBER OF HOUSING UNITS APPROVED BY THE CITY OF CORONA SINCE 2019 (W. SPEAKE) MARCH/APRIL

15.7 CMC AMENDMENT PROHIBITING THE COMMERCIAL SALE OF KRATOM (STAFF) TBD

DRAFT
9 16. ADJOURNMENT
The next scheduled meeting of the Council is on January 21, 2026. Mayor Casillas adjourned the meeting at 8:34 pm in honor of Judy Horan.

DATE: 01/21/2026
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2026-27

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 NOVEMBER 2025 RECOMMENDED ACTION:

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

____________________________________________________________________________________________________________________ Prepared By: Chandler Asset Management
City of Corona
Investment Portfolio Report
Month Ending November 30, 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 November 30, 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 Accountin g Mana
g
er
Investment Summary
City's Investment Pension Trust Total Investment
Beginning balance October 31, 2025 435,285,088 $ 44,495,044 $ 479,780,131 $ Acquisitions / Additions: Agency Notes - - US Corporate Notes 3,020,760 3,020,760 LAIF 36,800,000 36,800,000 Money Market Fund 1,309,170 36,714 1,345,883 $ 41,129,930 36,714 $ 41,166,643
Dispositions / Withdrawals:

Agency Notes - -
US Corporate Notes 3,648,799 3,648,799 LAIF 33,100,000 33,100,000 Money Market Fund 20,037,505 20,037,505 Maturity/Call Redemption - - $ 56,786,304 $ 56,786,304
Gain/(Loss) on Dispositions 994,915 $ - $ 994,915 $
Ending balance November 30, 2025 420,623,628 $ 44,531,757 $ $ 465,155,386 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

MONTHLY ACCOUNT STATEMENT
City of Corona Cons Account | Account #10003 | As of November 30, 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: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 2

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Average Modified Duration 2.31
Average Coupon 3.86%
Average Purchase YTM 4.11%
Average Market YTM 3.79%
Average Credit Quality* AA+
Average Final Maturity 2.73
Average Life 2.53
End Values as of
10/31/2025
End Values as of
11/30/2025
Market Value 441,049,357.69 427,177,507.86
Accrued Interest 2,780,807.10 2,671,807.36
Total Market Value 443,830,164.79 429,849,315.22
Income Earned 1,598,138.38 534,625.89
Cont/WD 4,000,000.00 (16,300,000.00)
Par 439,732,178.42 424,855,040.86
Book Value 435,285,087.57 420,623,628.30
Cost Value 435,285,087.57 420,623,628.30
United States 38.21%
FHLMC 10.91%
LAIF 10.08%
International Bank for Recon and Dev 2.14%
Toyota Motor Corporation 1.65%
American Express Credit Master Trust 1.53%
Guardian Life Global Funding 1.49%
Massachusetts Mutual Life Insurance 1.48%
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 3

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 10.9 Compliant
Max Maturity (Years) 5.0 3.4 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 9.8 Compliant
Max % Issuer (MV) 5.0 0.9 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 23.9 Compliant
Max % Issuer (MV) 5.0 1.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 1.5 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 43.1 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.7 Compliant
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 4

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 20.0 0.7 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 1.1 Compliant
Max % Issuer (MV) 5.0 1.1 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 3.6 Compliant
Max % Issuer (MV) 10.0 2.1 Compliant
Max Maturity (Years)54 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 5

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
U.S. TREASURIES
Max % (MV) 100.0 38.2 Compliant
Max Maturity (Years) 5 4 Compliant
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 6

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 435,285,087.57 463,097,630.34
Maturities/Calls 0.00 (10,700,000.00)
Principal Paydowns (677,719.19) (2,273,621.47)
Purchases 41,129,929.82 219,455,880.97
Sales (56,108,585.00) (250,497,176.14)
Change in Cash, Payables, Receivables 828,916.82 621,657.80 Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 165,998.28 919,256.79
Ending Book Value 420,623,628.30 420,623,628.30
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 441,049,357.69 467,745,815.94
Maturities/Calls 0.00 (10,700,000.00)
Principal Paydowns (677,719.19) (2,273,621.47)
Purchases 41,129,929.82 219,455,880.97
Sales (56,108,585.00) (250,497,176.14)
Change in Cash, Payables, Receivables 828,916.82 621,657.80 Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 789,609.43 1,905,693.96 Realized Gain (Loss) 165,998.28 919,256.79
Ending Market Value 427,177,507.86 427,177,507.86
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (10,700,000.00)
Principal Paydowns
Month to Date (677,719.19)
Fiscal Year to Date (2,273,621.47)
Purchases
Month to Date 41,129,929.82
Fiscal Year to Date 219,455,880.97
Sales
Month to Date (56,108,585.00)
Fiscal Year to Date (250,497,176.14)
Interest Received
Month to Date 631,450.63
Fiscal Year to Date 6,063,250.39
Purchased / Sold Interest
Month to Date 12,175.00
Fiscal Year to Date 321,832.97
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 7

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 1,164,503.84 03/25/20245.01%
1,163,457.61
1,163,457.61
100.28

3.90%
1,167,741.16
966.54

0.27%
4,283.56
Aaa/AAA
NA

1.31 0.25
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
100.52

4.16%
1,623,364.09
3,883.18

0.38%
8,408.99
NA/AAA
AAA

1.46 0.39
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027 1,481,549.54 05/07/20245.39%
1,481,463.46
1,481,463.46
100.45

3.94%
1,488,222.44
2,440.03

0.35%
6,758.98
NA/AAA
AAA

1.64 0.30
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 805,667.64 02/22/2023

5.01%
805,520.85
805,520.85
100.43

3.96%
809,167.46
1,793.95

0.19%
3,646.61
Aaa/NA
AAA

1.96 0.39
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
100.99

4.03%
1,095,772.97
2,565.42

0.26%
10,899.91
Aaa/NA
AAA

2.13 0.73
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
100.99

3.98%
2,110,611.58
4,486.53

0.49%
20,768.12
NA/AAA
AAA

2.13 1.09
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 2,985,049.24 02/13/20245.21%
2,984,919.39
2,984,919.39
100.87

3.98%
3,010,950.51
6,912.05

0.70%
26,031.12
Aaa/AAA
NA

2.71 0.67
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 3,645,000.00 09/07/2023

5.23%
3,643,989.61
3,643,989.61
100.97

3.95%
3,680,239.86
8,359.20

0.86%
36,250.25
NA/AAA
AAA

2.79 0.76
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
101.04

3.91%
2,020,714.00
4,426.67

0.47%
14,229.62
Aaa/NA
AAA

0.96 0.92
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
100.92

4.09%
1,428,013.76
2,692.82

0.33%
13,185.68
NA/AAA
AAA

2.97 0.74
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028 1,755,960.74 03/25/20244.90%
1,752,325.35
1,752,325.35
100.55

4.02%
1,765,609.74
3,548.50

0.41%
13,284.39
Aaa/NA
AAA

3.05 0.62
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
100.80

4.01%
2,016,028.00
4,435.56

0.47%
15,246.75
NA/AAA
AAA

3.21 0.77
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 1,855,000.00 06/04/20245.18%
1,854,718.23
1,854,718.23
100.94

3.88%
1,872,401.76
1,601.48

0.44%
17,683.53
Aaa/AAA
NA

3.24 0.69
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
101.47

3.83%
2,130,903.60
4,853.33

0.50%
31,314.15
Aaa/NA
AAA

3.29 1.02
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 3,070,000.00 04/16/20245.23%
3,069,370.65
3,069,370.65
101.92

3.82%
3,128,901.02
7,136.04

0.73%
59,530.37
NA/AAA
AAA

3.38 1.30
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
101.58

3.85%
2,128,046.53
4,590.38

0.50%
33,164.06
Aaa/AAA
NA

3.45 1.38
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
100.77

3.77%
2,096,040.96
3,910.40

0.49%
16,171.79
Aaa/NA
AAA

3.80 1.55
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 8

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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
100.89

3.83%
2,350,790.59
4,442.53

0.55%
21,136.83
Aaa/AAA
NA

3.87 1.77
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
100.67

3.90%
2,642,642.63
5,040.00

0.62%
18,029.82
NA/AAA
AAA

3.87 1.46
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 3,380,000.00 05/06/20254.28%
3,379,938.82
3,379,938.82
101.11

3.82%
3,417,514.62
6,429.51

0.80%
37,575.80
NA/AAA
AAA

4.37 2.21
Total ABS 41,577,731.00 4.92%
41,576,076.96
41,576,076.96
100.98

3.92%
41,983,677.26
84,514.14

9.83%
407,600.30

2.96 1.06
AGENCY
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
100.56

3.62%
3,519,544.00
28,631.94

0.82%
(29,211.00)
Aa1/AA+
AA+

2.29 2.16
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
101.32

3.46%
3,039,528.00
50,333.33

0.71%
108,168.00
Aa1/AA+
AA+

2.58 2.40
Total Agency 6,500,000.00 4.01%
6,480,115.00
6,480,115.00
100.91

3.54%
6,559,072.00
78,965.28

1.54%
78,957.00

2.43 2.27

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

98.99 3.91%
1,484,808.00
3,316.25

0.35%
(101,617.78)
Aa1/AA+
AAA

0.73 0.67
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 2,986,936.44 02/18/2022

1.98%
3,114,814.66
3,114,814.66

99.26 3.89%
2,964,901.81
7,766.03

0.69%
(149,912.85)
Aa1/AAA
AAA

0.82 0.71
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 6,000,000.00 --

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

99.14 3.71%
5,948,274.00
16,750.00

1.39%
240,274.31
Aa1/AA+
AAA

2.15 1.94
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

99.51 3.75%
2,985,351.00
9,000.00

0.70%
74,296.31
Aa1/AA+
AAA

2.15 1.97
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 5,320,000.00 --

4.60%
5,229,125.01
5,229,125.01
100.10

3.72%
5,325,383.84
17,068.33

1.25%
96,258.83
Aa1/AA+
AAA

2.48 2.25
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
100.05

3.75%
1,997,928.61
6,413.70

0.47%
46,251.15
Aa1/AA+
AAA

2.57 2.28
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
100.22

3.74%
3,154,938.19
10,231.00

0.74%
139,252.56
Aa1/AA+
AAA

2.74 2.52
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
100.23

3.76%
2,505,675.00
8,166.67

0.59%
94,346.87
Aa1/AA+
AAA

2.82 2.56
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

95.36 3.78%
4,768,010.00
8,462.50

1.12%
287,541.25
Aa1/AA+
AAA

2.82 2.64
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 9

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

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

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

95.38 3.84%
7,630,656.00
15,066.67

1.79%
462,491.93
Aa1/AA+
AAA

3.15 2.90
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

98.87 3.75%
4,894,263.00
14,115.75

1.15%
257,118.47
Aa1/AAA
AA+

3.24 2.96
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

98.34 3.79%
2,950,053.00
8,245.00

0.69%
174,584.25
Aa1/AA+
AAA

3.40 3.10
Total Agency CMBS 47,401,936.44 4.42%
44,989,357.15
44,989,357.15

98.37 3.78%
46,610,242.45
124,601.90

10.91%
1,620,885.30

2.58 2.36
CASH
CCYUSD Receivable 702,237.82 -- 702,237.82
702,237.82

1.00 0.00%
702,237.82

0.00 0.16%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 250,377.72 -- 250,377.72
250,377.72

1.00 0.00%
250,377.72

0.00 0.06%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 952,615.54
952,615.54
952,615.54

1.00 0.00%
952,615.54

0.00 0.22%

0.00 0.00

0.00 CORPORATE
023135BX3 AMAZON.COM INC 1.0
05/12/2026 4,865,000.00 05/10/2021

1.09%
4,843,983.20
4,843,983.20

98.73 3.89%
4,803,058.82
2,567.64

1.12%
(40,924.38)
A1/AA
AA0.450.44
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 805,000.00 --1.08%
807,605.05
807,605.05

98.70 4.06%
794,506.02
411.44

0.19%
(13,099.03)
A2/A+
A

0.45 0.45
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

98.51 3.90%
3,275,467.48
16,936.72

0.77%
(48,069.53)
A1/A+
A+

0.55 0.53
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

98.25 4.05%
2,232,351.33
10,224.00

0.52%
(39,018.59)
Aa3/AA+
AA+

0.62 0.61
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

97.91 3.98%
1,679,108.48
4,585.24

0.39%
(34,313.72)
Aa3/AAAA0.79

0.77 931142ER0 WALMART INC 1.05 09/17/2026 785,000.00 09/08/2021

1.09%
783,516.35
783,516.35

97.94 3.71%
768,799.96
1,694.29

0.18%
(14,716.40)
Aa2/AA
AA

0.80 0.78
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

97.75 3.97%
2,429,037.80
18,119.79

0.57%
(53,129.30)
Aa3/AAAA1.11

1.08 74340XCG4 PROLOGIS LP 4.875 06/15/2028 2,000,000.00 --

5.23%
1,970,364.90
1,970,364.90
102.37

3.88%
2,047,436.00
44,958.33

0.48%
77,071.10
A2/A
NA

2.54 2.25
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
100.27

3.85%
3,288,701.84
5,758.22

0.77%
131,865.84
Aa3/A
NA

2.96 2.54
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 10

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
66815L2Q1

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

4.67%
2,404,556.16
2,404,556.16
101.90

4.05%
2,445,636.00
44,274.00

0.57%
41,079.84
Aa1/AA+
AAA

3.11 2.82
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
102.16

4.10%
2,186,262.52
38,632.94

0.51%
46,540.72
Aa3/AA+
AA+

3.13 2.83
46647PAM8 JPMORGAN CHASE & CO 3.509
01/23/2029 2,500,000.00 01/18/20245.07%
2,360,725.00
2,360,725.00

98.97 4.33%
2,474,130.00
31,191.11

0.58%
113,405.00
A1/A
AA3.152.02
61747YFA8 MORGAN STANLEY 5.123
02/01/2029 2,650,000.00 02/13/2024

5.31%
2,632,165.50
2,632,165.50
102.13

4.60%
2,706,558.95
45,253.17

0.63%
74,393.45
A1/AA+3.17

2.01 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
102.48

4.01%
2,561,922.50
38,395.83

0.60%
80,147.50
A2/AA3.19

2.82 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
102.77

3.93%
2,014,280.24
25,085.28

0.47%
54,966.24
A1/AANA3.24

2.87 14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 2,500,000.00 03/19/2024

4.81%
2,504,150.00
2,504,150.00
102.96

3.87%
2,574,015.00
31,659.72

0.60%
69,865.00
A2/A
A+

3.24 2.95
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

98.47 3.95%
1,477,008.00
10,925.00

0.35%
80,320.12
Aa3/A
NA

3.29 3.05
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
102.76

4.10%
2,394,352.27
18,100.48

0.56%
64,352.27
A2/AAA3.34

3.04 58989V2H6 MET TOWER GLOBAL FUNDING

5.25 04/12/2029 2,000,000.00 05/24/20245.27%
1,998,260.00
1,998,260.00
103.64

4.08%
2,072,792.00
14,291.67

0.49%
74,532.00
Aa3/AAAA3.36

3.05 74460DAD1 PUBLIC STORAGE OPERATING CO

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

98.13 3.97%
2,943,963.00
8,462.50

0.69%
181,633.00
A2/A
NA

3.42 3.18
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
103.13

4.18%
1,907,829.15
264.65

0.45%
59,364.65
Aa3/AA+
AA+

3.50 3.18
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
102.97

4.08%
2,182,944.92
51,527.78

0.51%
67,015.32
Aa1/AA+
AAA

3.51 3.13
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
102.58

3.97%
3,077,514.00
61,750.00

0.72%
89,904.00
A2/A
A

3.57 3.13
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 3,700,000.00 --4.51%
3,722,196.12
3,722,196.12
102.27

3.98%
3,783,849.40
50,659.17

0.89%
61,653.28
A2/A
A

3.71 3.27
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
101.50

3.86%
2,314,206.84
28,867.33

0.54%
37,746.48
Aa3/AANA3.71

3.29 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
100.08

4.15%
3,052,516.25
23,013.52

0.71%
2,516.25
Aa1/AA+
NA

3.82 3.47
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 11

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 2,900,000.00 10/17/20254.25%
2,900,364.00
2,900,364.00

99.99 4.34%
2,899,689.70
12,984.51

0.68%
(674.30)
A1/AA+3.88

2.68 38141GD27 GOLDMAN SACHS GROUP INC

4.153 10/21/2029 3,115,000.00 --4.29%
3,115,396.00
3,115,396.00
100.07

4.33%
3,117,245.92
14,373.99

0.73%
1,849.92
A2/BBB+
A

3.89 2.69
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
101.83

4.10%
3,507,971.16
77,474.22

0.82%
64,934.81
Aa1/AA+
AAA

4.01 3.56
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
103.24

4.08%
3,773,520.69
71,363.88

0.88%
126,342.39
A1/A+
A+

4.11 3.63
02665WFY2 AMERICAN HONDA FINANCE
CORP 4.8 03/05/2030 2,000,000.00 03/07/2025

4.90%
1,990,800.00
1,990,800.00
102.19

4.23%
2,043,838.00
22,933.33

0.48%
53,038.00
A3/ANA4.26

3.79 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
102.04

4.04%
4,081,764.00
11,627.78

0.96%
75,204.00
A1/A+
NA

4.44 3.98
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
101.88

4.24%
3,311,109.75
1,272.92

0.78%
66,407.25
Aa3/AAAA4.49

4.02 828807DK0 SIMON PROPERTY GROUP LP

2.65 07/15/2030 4,500,000.00 08/19/20254.32%
4,170,105.00
4,170,105.00

93.79 4.14%
4,220,730.00
45,050.00

0.99%
50,625.00
A3/A
NA

4.62 4.24
437076DJ8 HOME DEPOT INC 3.95
09/15/2030 3,000,000.00 09/09/20254.02%
2,990,700.00
2,990,700.00

99.77 4.00%
2,993,028.00
25,016.67

0.70%
2,328.00
A2/A
A

4.79 4.29
40139LBN2 GUARDIAN LIFE GLOBAL
FUNDING 4.327 10/06/2030 3,300,000.00 09/30/20254.33%
3,300,000.00
3,300,000.00
100.63

4.18%
3,320,928.60
21,815.29

0.78%
20,928.60
Aa1/AA+
NA

4.85 4.31
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030 3,000,000.00 11/04/20254.22%
3,020,760.00
3,020,760.00
101.35

4.07%
3,040,395.00
16,770.83

0.71%
19,635.00
A1/A
A+

4.87 4.33
141781CF9 CARGILL INC 4.125 10/23/2030 2,160,000.00 10/20/2025

4.14%
2,158,371.65
2,158,371.65

99.85 4.16%
2,156,809.68
9,405.00

0.50%
(1,561.97)
A2/A
NA

4.90 4.37
Total Corporate 101,337,000.00 4.15%
100,311,121.44
100,311,121.44
100.66

4.07%
101,955,279.24
957,698.25

23.87%
1,644,157.80

3.32 2.89
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 43,052,170.88 --4.09%
43,052,170.88
43,052,170.88

1.00 4.09%
43,052,170.88

0.00 10.08%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 43,052,170.88 4.09%
43,052,170.88
43,052,170.88

1.00 4.09%
43,052,170.88

0.00 10.08%

0.00 0.00

0.00 MONEY MARKET
FUND
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 12

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
60934N807 FEDERATED HRMS GV O SVC 2,878,587.00 --

3.63%
2,878,587.00
2,878,587.00

1.00 3.63%
2,878,587.00

0.00 0.67%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 2,878,587.00 3.63%
2,878,587.00
2,878,587.00

1.00 3.63%
2,878,587.00

0.00 0.67%

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
102.67

3.71%
4,512,430.01
65,925.00

1.06%
94,268.36
Aa2/AAAA3.67

3.32 Total Municipal
Bonds 4,395,000.00 4.38%
4,418,161.65
4,418,161.65
102.67

3.71%
4,512,430.01
65,925.00

1.06%
94,268.36

3.67 3.32

SUPRANATIONAL
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

98.85 3.89%
6,316,604.46
6,367.81

1.48%
(44,129.34)
Aaa/AAA
NA

0.39 0.38
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
100.97

3.60%
4,543,677.00
21,780.00

1.06%
116,937.00
Aaa/AAA
NA

3.88 3.56
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
101.97

3.62%
4,588,771.50
36,609.38

1.07%
104,071.50
Aaa/AAA
NA

4.30 3.89
Total
Supranational 15,390,000.00 2.89%
15,272,173.80
15,272,173.80
100.40

3.73%
15,449,052.96
64,757.19

3.62%
176,879.16

2.58 2.36

US TREASURY
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

97.84 3.71%
1,536,073.87
2,992.54

0.36%
(22,825.74)
Aa1/AA+
AA+

0.75 0.73
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,130,000.00 10/18/2021

1.19%
3,083,172.27
3,083,172.27

97.72 3.69%
3,058,651.65
4,664.90

0.72%
(24,520.62)
Aa1/AA+
AA+

0.83 0.81
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 3,120,000.00 11/15/2021

1.25%
3,100,987.50
3,100,987.50

97.73 3.67%
3,049,238.40
3,005.80

0.71%
(51,749.10)
Aa1/AA+
AA+

0.92 0.90
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 6,650,000.00 --3.12%
6,690,380.86
6,690,380.86

99.56 3.54%
6,620,646.90
90,443.61

1.55%
(69,733.96)
Aa1/AA+
AA+

1.58 1.51
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 13

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 2,800,000.00 --4.37%
2,770,000.01
2,770,000.01
101.06

3.52%
2,829,750.00
19,673.08

0.66%
59,749.99
Aa1/AA+
AA+

1.83 1.74
91282CFZ9 UNITED STATES TREASURY 3.875
11/30/2027 4,600,000.00 --3.74%
4,628,085.94
4,628,085.94
100.70

3.51%
4,632,342.60
489.70

1.08%
4,256.66
Aa1/AA+
AA+

2.00 1.91
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 7,000,000.00 --3.78%
7,028,945.31
7,028,945.31
100.75

3.50%
7,052,773.00
113,512.23

1.65%
23,827.69
Aa1/AA+
AA+

2.08 1.95
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
100.00

3.50%
7,000,000.00
81,888.59

1.64%
171,992.19
Aa1/AA+
AA+

2.17 2.05
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 7,000,000.00 02/23/2023

4.16%
6,949,960.94
6,949,960.94
101.08

3.49%
7,075,467.00
71,160.22

1.66%
125,506.06
Aa1/AA+
AA+

2.25 2.11
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
100.32

3.49%
7,022,694.00
697.12

1.64%
138,358.06
Aa1/AA+
AA+

2.50 2.37
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
102.28

3.49%
1,943,344.70
21,125.69

0.45%
63,383.76
Aa1/AA+
AA+

2.75 2.55
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
103.04

3.49%
5,976,267.80
45,690.93

1.40%
212,970.92
Aa1/AA+
AA+

2.84 2.62
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
103.77

3.50%
2,075,468.00
8,349.45

0.49%
67,889.87
Aa1/AA+
AA+

2.92 2.70
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
102.46

3.50%
3,483,670.60
408.65

0.82%
795.60
Aa1/AA+
AA+

3.00 2.79
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 11,000,000.00 --3.99%
10,883,007.81
10,883,007.81
100.72

3.50%
11,079,068.00
172,622.28

2.59%
196,060.19
Aa1/AA+
AA+

3.08 2.85
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 5,000,000.00 02/13/20244.26%
4,943,164.06
4,943,164.06
101.44

3.51%
5,071,875.00
66,847.83

1.19%
128,710.94
Aa1/AA+
AA+

3.17 2.92
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
102.22

3.52%
7,155,589.00
75,607.73

1.68%
170,354.62
Aa1/AA+
AA+

3.25 2.99
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
101.87

3.52%
7,130,977.00
49,182.69

1.67%
282,461.37
Aa1/AA+
AA+

3.33 3.07
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 7,000,000.00 --4.48%
7,043,730.48
7,043,730.48
103.51

3.52%
7,245,546.00
27,724.45

1.70%
201,815.52
Aa1/AA+
AA+

3.41 3.14
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
103.17

3.53%
4,539,392.00
543.96

1.06%
94,017.00
Aa1/AA+
AA+

3.50 3.22
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
102.39

3.53%
4,095,468.00
71,141.30

0.96%
67,186.75
Aa1/AA+
AA+

3.58 3.25
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 8,000,000.00 09/11/2024

3.45%
8,062,812.50
8,062,812.50
100.26

3.55%
8,020,624.00
73,701.66

1.88%
(42,188.50)
Aa1/AA+
AA+

3.75 3.44
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 14

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

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

99.82 3.55%
8,484,394.00
50,673.08

1.99%
46,894.00
Aa1/AA+
AA+

3.83 3.53
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
102.09

3.56%
4,593,865.50
509.96

1.08%
119,705.34
Aa1/AA+
AA+

4.00 3.66
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
102.61

3.57%
4,617,598.50
63,923.23

1.08%
134,297.72
Aa1/AA+
AA+

4.17 3.75
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 8,000,000.00 --4.05%
7,936,601.57
7,936,601.57
101.20

3.58%
8,095,936.00
26,546.96

1.90%
159,334.43
Aa1/AA+
AA+

4.41 4.02
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 8,000,000.00 --

4.01%
7,996,953.12
7,996,953.12
101.72

3.58%
8,137,816.00
879.12

1.91%
140,862.88
Aa1/AA+
AA+

4.50 4.09
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
101.21

3.59%
8,096,560.00
129,728.26

1.90%
124,060.00
Aa1/AA+
AA+

4.58 4.10
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 3,500,000.00 10/10/20253.65%
3,495,625.00
3,495,625.00
100.09

3.60%
3,503,283.00
21,610.58

0.82%
7,658.00
Aa1/AA+
AA+

4.83 4.37
Total US Treasury 161,370,000.00 3.91%
160,693,248.88
160,693,248.88
101.17

3.54%
163,224,380.52
1,295,345.60

38.21%
2,531,131.64

3.14 2.89
Total Portfolio 424,855,040.86 4.11%
420,623,628.30
420,623,628.30

89.71 3.79%
427,177,507.86
2,671,807.36
100.00%
6,553,879.56

2.73 2.31
Total Market Value
+ Accrued 429,849,315.22
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 15

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

ACQUISITIONS
Purchase 11/03/2025 90LAIF$00 3,100,000.00 Local Agency Investment Fund State Pool 1.000 4.12% (3,100,000.00) 0.00 (3,100,000.00) 0.00 Purchase 11/03/2025 60934N807 50,775.00 FEDERATED HRMS GV O SVC 1.000 3.71% (50,775.00) 0.00 (50,775.00) 0.00
Purchase 11/04/2025 90LAIF$00 1,300,000.00 Local Agency Investment Fund State Pool 1.000 4.12% (1,300,000.00) 0.00 (1,300,000.00) 0.00 Purchase 11/04/2025 60934N807 21,947.82 FEDERATED HRMS GV O SVC 1.000 3.71% (21,947.82) 0.00 (21,947.82) 0.00
Purchase 11/05/2025 24422EYF0 3,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 100.692 4.22% (3,020,760.00) (7,291.67) (3,028,051.67) 0.00 Purchase 11/05/2025 90LAIF$00 8,000,000.00 Local Agency Investment Fund State Pool 1.000 4.12% (8,000,000.00) 0.00 (8,000,000.00) 0.00 Purchase 11/05/2025 90LAIF$00 10,000,000.00 Local Agency Investment Fund State Pool 1.000 4.12% (10,000,000.00) 0.00 (10,000,000.00) 0.00 Purchase 11/10/2025 90LAIF$00 1,800,000.00 Local Agency Investment Fund State Pool 1.000 4.11% (1,800,000.00) 0.00 (1,800,000.00) 0.00 Purchase 11/10/2025 60934N807 91,000.00 FEDERATED HRMS GV O SVC 1.000 3.59% (91,000.00) 0.00 (91,000.00) 0.00
Purchase 11/12/2025 60934N807 24,325.00 FEDERATED HRMS GV O SVC 1.000 3.60% (24,325.00) 0.00 (24,325.00) 0.00
Purchase 11/13/2025 90LAIF$00 1,900,000.00 Local Agency Investment Fund State Pool 1.000 4.10% (1,900,000.00) 0.00 (1,900,000.00) 0.00 Purchase 11/17/2025 60934N807 470,087.10 FEDERATED HRMS GV O SVC 1.000 3.62% (470,087.10) 0.00 (470,087.10) 0.00
Purchase 11/17/2025 60934N807 215,859.82 FEDERATED HRMS GV O SVC 1.000 3.62% (215,859.82) 0.00 (215,859.82) 0.00
Purchase 11/18/2025 60934N807 6,214.21 FEDERATED HRMS GV O SVC 1.000 3.62% (6,214.21) 0.00 (6,214.21) 0.00
Purchase 11/20/2025 60934N807 13,450.46 FEDERATED HRMS GV O SVC 1.000 3.57% (13,450.46) 0.00 (13,450.46) 0.00
Purchase 11/20/2025 60934N807 6,715.05 FEDERATED HRMS GV O SVC 1.000 3.57% (6,715.05) 0.00 (6,715.05) 0.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM 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
Purchase 11/24/2025 90LAIF$00 5,200,000.00 Local Agency Investment Fund State Pool 1.000 4.09% (5,200,000.00) 0.00 (5,200,000.00) 0.00 Purchase 11/24/2025 90LAIF$00 5,200,000.00 Local Agency Investment Fund State Pool 1.000 4.09% (5,200,000.00) 0.00 (5,200,000.00) 0.00 Purchase 11/25/2025 60934N807 194,181.63 FEDERATED HRMS GV O SVC 1.000 3.59% (194,181.63) 0.00 (194,181.63) 0.00
Purchase 11/25/2025 60934N807 138,238.73 FEDERATED HRMS GV O SVC 1.000 3.59% (138,238.73) 0.00 (138,238.73) 0.00
Purchase 11/26/2025 90LAIF$00 300,000.00 Local Agency Investment Fund State Pool 1.000 4.09% (300,000.00) 0.00 (300,000.00) 0.00 Purchase 11/28/2025 60934N807 76,375.00 FEDERATED HRMS GV O SVC 1.000 3.63% (76,375.00) 0.00 (76,375.00) 0.00
Total Purchase 41,109,169.82 (41,129,929.82) (7,291.67) (41,137,221.49) 0.00 TOTAL
ACQUISITIONS 41,109,169.82 (41,129,929.82) (7,291.67) (41,137,221.49) 0.00

DISPOSITIONS
Sale 11/04/2025 60934N807 (20,000,000.00) FEDERATED HRMS GV O SVC 1.000 3.71% 20,000,000.00 0.00 20,000,000.00 0.00
Sale 11/05/2025 74456QBX3 (3,000,000.00)

PUBLIC SERVICE ELECTRIC
AND GAS CO 3.65
09/01/2028

99.036 5.15% 2,971,080.00 (19,466.67) 2,990,546.67 165,810.00 Sale 11/05/2025 60934N807 (37,505.00) FEDERATED HRMS GV O SVC 1.000 3.52% 37,505.00 0.00 37,505.00 0.00
Sale 11/06/2025 90LAIF$00 (4,500,000.00) Local Agency Investment Fund State Pool 1.000 4.11% 4,500,000.00 0.00 4,500,000.00 0.00 Sale 11/06/2025 90LAIF$00 (4,300,000.00) Local Agency Investment Fund State Pool 1.000 4.11% 4,300,000.00 0.00 4,300,000.00 0.00 Sale 11/12/2025 90LAIF$00 (1,400,000.00) Local Agency Investment Fund State Pool 1.000 4.10% 1,400,000.00 0.00 1,400,000.00 0.00 Sale 11/17/2025 90LAIF$00 (1,500,000.00) Local Agency Investment Fund State Pool 1.000 4.09% 1,500,000.00 0.00 1,500,000.00 0.00 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 17

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 11/19/2025 90LAIF$00 (2,300,000.00) Local Agency Investment Fund State Pool 1.000 4.09% 2,300,000.00 0.00 2,300,000.00 0.00 Sale 11/19/2025 90LAIF$00 (2,400,000.00) Local Agency Investment Fund State Pool 1.000 4.09% 2,400,000.00 0.00 2,400,000.00 0.00 Sale 11/20/2025 90LAIF$00 (3,200,000.00) Local Agency Investment Fund State Pool 1.000 4.09% 3,200,000.00 0.00 3,200,000.00 0.00 Sale 11/20/2025 90LAIF$00 (3,200,000.00) Local Agency Investment Fund State Pool 1.000 4.09% 3,200,000.00 0.00 3,200,000.00 0.00 Sale 11/25/2025 90LAIF$00 (5,200,000.00) Local Agency Investment Fund State Pool 1.000 4.09% 5,200,000.00 0.00 5,200,000.00 0.00 Sale 11/25/2025 90LAIF$00 (5,100,000.00) Local Agency Investment Fund State Pool 1.000 4.09% 5,100,000.00 0.00 5,100,000.00 0.00 Total Sale (56,137,505.00) 56,108,585.00 (19,466.67) 56,128,051.67 165,810.00 TOTAL
DISPOSITIONS (56,137,505.00) 56,108,585.00 (19,466.67) 56,128,051.67 165,810.00 OTHER

TRANSACTIONS
Cash Transfer 11/03/2025 CCYUSD 3,100,000.00 Cash 0.00% 3,100,000.00 0.00 3,100,000.00 0.00 Cash Transfer 11/04/2025 CCYUSD (18,700,000.00) Cash 0.00% (18,700,000.00) 0.00 (18,700,000.00) 0.00 Cash Transfer 11/05/2025 CCYUSD 18,000,000.00 Cash 0.00% 18,000,000.00 0.00 18,000,000.00 0.00 Cash Transfer 11/06/2025 CCYUSD (8,800,000.00) Cash 0.00% (8,800,000.00) 0.00 (8,800,000.00) 0.00 Cash Transfer 11/10/2025 CCYUSD 1,800,000.00 Cash 0.00% 1,800,000.00 0.00 1,800,000.00 0.00 Cash Transfer 11/12/2025 CCYUSD (1,400,000.00) Cash 0.00% (1,400,000.00) 0.00 (1,400,000.00) 0.00 Cash Transfer 11/13/2025 CCYUSD 1,900,000.00 Cash 0.00% 1,900,000.00 0.00 1,900,000.00 0.00 Cash Transfer 11/17/2025 CCYUSD (1,500,000.00) Cash 0.00% (1,500,000.00) 0.00 (1,500,000.00) 0.00 Cash Transfer 11/19/2025 CCYUSD (4,700,000.00) Cash 0.00% (4,700,000.00) 0.00 (4,700,000.00) 0.00 Cash Transfer 11/20/2025 CCYUSD (6,400,000.00) Cash 0.00% (6,400,000.00) 0.00 (6,400,000.00) 0.00 Cash Transfer 11/24/2025 CCYUSD 10,400,000.00 Cash 0.00% 10,400,000.00 0.00 10,400,000.00 0.00 Cash Transfer 11/25/2025 CCYUSD (10,300,000.00) Cash 0.00% (10,300,000.00) 0.00 (10,300,000.00) 0.00 Cash Transfer 11/26/2025 CCYUSD 300,000.00 Cash 0.00% 300,000.00 0.00 300,000.00 0.00 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 18

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Cash
Transfer (16,300,000.00) (16,300,000.00) 0.00 (16,300,000.00) 0.00 Coupon 11/01/2025 74460DAD1 0.00

PUBLIC STORAGE
OPERATING CO 3.385
05/01/2029

5.21% 50,775.00 0.00 50,775.00 0.00
Coupon 11/01/2025 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 11/01/2025 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 11/01/2025 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 11/01/2025 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 11/01/2025 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 11/01/2025 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 11/01/2025 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 11/01/2025 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 11/01/2025 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 11/01/2025 3137FGR31 0.00 FHMS K-078 A2 3.854
06/25/2028 4.42% 6,413.70 0.00 6,413.70 0.00
Coupon 11/01/2025 3137BSRE5 0.00 FHMS K-059 A2 3.12
09/25/2026 1.98% 7,781.34 0.00 7,781.34 0.00
Coupon 11/01/2025 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 11/08/2025 69371RT71 0.00 PACCAR FINANCIAL CORP

4.55 05/08/2030 4.51% 91,000.00 0.00 91,000.00 0.00
Coupon 11/12/2025 023135BX3 0.00 AMAZON.COM INC 1.0
05/12/2026 1.09% 24,325.00 0.00 24,325.00 0.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 19

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 11/15/2025 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 11/15/2025 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 11/15/2025 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 11/15/2025 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 11/15/2025 437918AC9 0.00 HAROT 2024-1 A3 5.21
08/15/2028 5.21% 13,875.49 0.00 13,875.49 0.00
Coupon 11/15/2025 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 11/15/2025 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 5.01% 3,972.86 0.00 3,972.86 0.00
Coupon 11/15/2025 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 11/15/2025 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 11/15/2025 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 11/15/2025 44935WAD9 0.00 HALST 2025-A A3 4.83
01/18/2028 4.83% 8,412.25 0.00 8,412.25 0.00
Coupon 11/15/2025 26442CAX2 0.00

DUKE ENERGY
CAROLINAS LLC 3.95
11/15/2028

4.81% 64,780.00 0.00 64,780.00 0.00
Coupon 11/15/2025 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 11/15/2025 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 11/15/2025 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 11/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 7,332.00 0.00 7,332.00 0.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 20

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 11/15/2025 91324PEC2 0.00 UNITEDHEALTH GROUP
INC 1.15 05/15/2026 1.08% 4,628.75 0.00 4,628.75 0.00
Coupon 11/16/2025 36268GAD7 0.00 GMCAR 2024-1 A3 4.85
12/18/2028 4.90% 7,555.05 0.00 7,555.05 0.00
Coupon 11/18/2025 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 11/20/2025 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 11/25/2025 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 11/25/2025 05611UAD5 0.00 BMWLT 2024-1 A3 4.98
03/25/2027 5.01% 5,614.11 0.00 5,614.11 0.00
Coupon 11/28/2025 74153WCW7 0.00

PRICOA GLOBAL
FUNDING I 4.7
05/28/2030

4.74% 76,375.00 0.00 76,375.00 0.00
Coupon 11/30/2025 57629W4T4 0.00

MASSMUTUAL GLOBAL
FUNDING II 5.15
05/30/2029

5.17% 47,637.50 0.00 47,637.50 0.00
Coupon 11/30/2025 91282CKT7 0.00 UNITED STATES TREASURY

4.5 05/31/2029 4.27% 99,000.00 0.00 99,000.00 0.00
Coupon 11/30/2025 91282CMA6 0.00 UNITED STATES TREASURY

4.125 11/30/2029 4.25% 92,812.50 0.00 92,812.50 0.00
Coupon 11/30/2025 91282CNG2 0.00 UNITED STATES TREASURY

4.0 05/31/2030 4.01% 160,000.00 0.00 160,000.00 0.00
Coupon 11/30/2025 91282CHE4 0.00 UNITED STATES TREASURY

3.625 05/31/2028 4.00% 126,875.00 0.00 126,875.00 0.00
Coupon 11/30/2025 91282CJN2 0.00 UNITED STATES TREASURY

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

3.875 11/30/2027 3.74% 89,125.00 0.00 89,125.00 0.00
Total Coupon 0.00 1,299,327.81 0.00 1,299,327.81 0.00
Dividend 11/28/2025 60934N807 0.00 FEDERATED HRMS GV O
SVC 3.65% 12,412.82 0.00 12,412.82 0.00
Total Dividend 0.00 12,412.82 0.00 12,412.82 0.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 21

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 11/01/2025 3137BSRE5 5,887.17 FHMS K-059 A2 3.12 09/25/2026 1.98% 5,887.17 -- 5,887.17 (252.04)
Principal Paydown 11/15/2025 437918AC9 210,841.35 HAROT 2024-1 A3 5.21 08/15/2028 5.21% 210,841.35 -- 210,841.35 9.17
Principal Paydown 11/15/2025 47800CAC0 145,916.63 JDOT 2023 A3 5.01 11/15/2027 5.01% 145,916.63 -- 145,916.63 26.58
Principal Paydown 11/16/2025 36268GAD7 113,329.12 GMCAR 2024-1 A3 4.85 12/18/2028 4.90% 113,329.12 -- 113,329.12 234.62
Principal Paydown 11/20/2025 36269WAD1 13,450.46 GMALT 2024-2 A3 5.39 07/20/2027 5.39% 13,450.46 -- 13,450.46 0.78
Principal Paydown 11/25/2025 05611UAD5 188,294.46 BMWLT 2024-1 A3 4.98 03/25/2027 5.01% 188,294.46 -- 188,294.46 169.17
Total Principal
Paydown 677,719.19 677,719.19 -- 677,719.19 188.28

TOTAL OTHER
TRANSACTIONS (15,622,280.81) (14,310,540.18) 0.00 (14,310,540.18) 188.28 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 22

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
2,878,587.00
21,606,922.18
1,309,169.82
(20,037,505.00)
2,878,587.00

0.00 21,947.82

0.00 21,947.82

0.00 0.00

0.00 21,947.82
21,947.82
CCYUSD Receivable
952,615.54
123,698.72

0.00 0.00
952,615.54

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 3,831,202.54
21,730,620.90
1,309,169.82
(20,037,505.00)
3,831,202.54

0.00 21,947.82

0.00 21,947.82

0.00 0.00

0.00 21,947.82 21,947.82

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

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

0.00 0.00

0.00 4,054.17
4,054.17
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
2,000,000.00
1,990,800.00

0.00 0.00
1,990,800.00
14,933.33

0.00 22,933.33
8,000.00

0.00 0.00

0.00 8,000.00
8,000.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 23

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
05522RDH8 BACCT 2023-2 A 4.98
11/16/2026
03/25/2024
03/27/2024
2,000,000.00
2,006,484.38

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

0.00 0.00

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

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

0.00 0.00

0.00 8,606.96
8,606.96
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027
03/25/2024
03/27/2024
1,164,503.84
1,351,582.90

0.00 (188,125.29)
1,163,457.61
1,122.82
5,614.11
966.54
5,457.83

0.00 0.00

0.00 5,457.83
5,457.83
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
1,855,000.00
1,854,718.23

0.00 0.00
1,854,718.23
1,601.48
8,007.42
1,601.48
8,007.42

0.00 0.00

0.00 8,007.42
8,007.42
13063EGT7 CALIFORNIA STATE 4.5
08/01/2029
10/30/2024
11/05/2024
4,395,000.00
4,418,161.65

0.00 0.00
4,418,161.65
49,443.75

0.00 65,925.00
16,481.25

0.00 0.00

0.00 16,481.25
16,481.25
141781CF9 CARGILL INC 4.125
10/23/2030
10/20/2025
10/23/2025
2,160,000.00
2,158,371.65

0.00 0.00
2,158,371.65
1,980.00

0.00 9,405.00
7,425.00

0.00 0.00

0.00 7,425.00
7,425.00
14913UAJ9

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

0.00 0.00
2,504,150.00
21,555.56

0.00 31,659.72
10,104.17

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00
3,722,196.12
36,321.67

0.00 50,659.17
14,337.50

0.00 0.00

0.00 14,337.50
14,337.50
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM 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
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/21/2024
02/26/2024
1,960,000.00
1,959,314.00

0.00 0.00
1,959,314.00
17,163.61

0.00 25,085.28
7,921.67

0.00 0.00

0.00 7,921.67
7,921.67
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030
11/04/2025
11/05/2025
3,000,000.00

0.00 3,020,760.00

0.00 3,020,760.00

0.00 (7,291.67)
16,770.83
9,479.16

0.00 0.00

0.00 9,479.16
9,479.16
26442CAX2 DUKE ENERGY CAROLINAS
LLC 3.95 11/15/2028
12/06/2023
12/08/2023
3,280,000.00
3,156,836.00

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

0.00 0.00

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

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

0.00 0.00
1,396,687.88
6,612.50

0.00 10,925.00
4,312.50

0.00 0.00

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

0.00 0.00
2,276,460.36
20,697.33

0.00 28,867.33
8,170.00

0.00 0.00

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

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

0.00 0.00
2,931,360.00
40,333.33

0.00 50,333.33
10,000.00

0.00 0.00

0.00 10,000.00
10,000.00
3137BSP72 FHMS K-058 A2 2.653
08/25/2026
11/12/2021
11/17/2021
1,500,000.00
1,586,425.78

0.00 0.00
1,586,425.78
3,316.25
3,316.25
3,316.25
3,316.25

0.00 0.00

0.00 3,316.25
3,316.25
3137BSRE5 FHMS K-059 A2 3.12
09/25/2026
02/18/2022
02/24/2022
2,986,936.44
3,120,953.87

0.00 (6,139.21)
3,114,814.66
7,781.34
7,781.34
7,766.03
7,766.03

0.00 0.00

0.00 7,766.03
7,766.03
3137F4D41 FHMS K-074 A2 3.6
01/25/2028
03/16/2023
03/21/2023
3,000,000.00
2,911,054.69

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

0.00 0.00

0.00 9,000.00
9,000.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM 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
3137FETN0 FHMS K-073 A2 3.35
01/25/2028 6,000,000.00
5,707,999.69

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

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00

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

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

0.00 0.00

0.00 14,115.75
14,115.75
3137FLYV0 FHMS K-092 A2 3.298
04/25/2029
04/19/2024
04/25/2024
3,000,000.00
2,775,468.75

0.00 0.00
2,775,468.75
8,245.00
8,245.00
8,245.00
8,245.00

0.00 0.00

0.00 8,245.00
8,245.00
3137H4BY5 FHMS K-746 A2 2.031
09/25/2028
03/21/2024
03/25/2024
5,000,000.00
4,480,468.75

0.00 0.00
4,480,468.75
8,462.50
8,462.50
8,462.50
8,462.50

0.00 0.00

0.00 8,462.50
8,462.50
3137H5YC5 FHMS K-748 A2 2.26
01/25/2029 8,000,000.00
7,168,164.07

0.00 0.00
7,168,164.07
15,066.67
15,066.66
15,066.67
15,066.66

0.00 0.00

0.00 15,066.66
15,066.66
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 26

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
36268GAD7 GMCAR 2024-1 A3 4.85
12/18/2028
03/25/2024
03/27/2024
1,755,960.74
1,865,419.85

0.00 (113,094.50)
1,752,325.35
3,777.52
7,555.05
3,548.50
7,326.03

0.00 0.00

0.00 7,326.03
7,326.03
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027
05/07/2024
05/16/2024
1,481,549.54
1,494,913.14

0.00 (13,449.68)
1,481,463.46
2,462.18
6,715.05
2,440.03
6,692.90

0.00 0.00

0.00 6,692.90
6,692.90
38141GD27 GOLDMAN SACHS GROUP
INC 4.153 10/21/2029 10/21/2025
3,115,000.00
3,115,396.00

0.00 0.00
3,115,396.00
3,593.50

0.00 14,373.99
10,780.50

0.00 0.00

0.00 10,780.50
10,780.50
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029
09/23/2024
09/26/2024
3,050,000.00
3,050,000.00

0.00 0.00
3,050,000.00
12,391.90

0.00 23,013.52
10,621.63

0.00 0.00

0.00 10,621.63
10,621.63
40139LBN2 GUARDIAN LIFE GLOBAL
FUNDING 4.327 10/06/2030
09/30/2025
10/06/2025
3,300,000.00
3,300,000.00

0.00 0.00
3,300,000.00
9,916.04

0.00 21,815.29
11,899.25

0.00 0.00

0.00 11,899.25
11,899.25
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/20/2024
06/25/2024
3,000,000.00
2,987,610.00

0.00 0.00
2,987,610.00
49,875.00

0.00 61,750.00
11,875.00

0.00 0.00

0.00 11,875.00
11,875.00
437076DJ8 HOME DEPOT INC 3.95
09/15/2030
09/09/2025
09/15/2025
3,000,000.00
2,990,700.00

0.00 0.00
2,990,700.00
15,141.67

0.00 25,016.67
9,875.00

0.00 0.00

0.00 9,875.00
9,875.00
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028
02/13/2024
02/21/2024
2,985,049.24
3,195,751.57

0.00 (210,832.18)
2,984,919.39
7,400.26
13,875.49
6,912.05
13,387.28

0.00 0.00

0.00 13,387.28
13,387.28
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: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 27

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
44934FAD7 HALST 2024-B A3 5.41
05/17/2027
05/14/2024
05/22/2024
1,615,000.00
1,614,955.10

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

0.00 0.00

0.00 7,280.96
7,280.96
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
2,625,000.00
2,624,612.81

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

0.00 0.00

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

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

0.00 0.00

0.00 8,412.25
8,412.25
4581X0DV7

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

0.00 0.00
6,360,733.80
1,708.44

0.00 6,367.81
4,659.38

0.00 0.00

0.00 4,659.38
4,659.38
459058LN1

INTERNATIONAL BANK FOR

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

0.00 0.00
4,426,740.00
7,245.00

0.00 21,780.00
14,535.00

0.00 0.00

0.00 14,535.00
14,535.00
459058LR2

INTERNATIONAL BANK FOR

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

0.00 0.00
4,484,700.00
21,140.63

0.00 36,609.38
15,468.75

0.00 0.00

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

3.509 01/23/2029
01/18/2024
01/23/2024
2,500,000.00
2,360,725.00

0.00 0.00
2,360,725.00
23,880.69

0.00 31,191.11
7,310.42

0.00 0.00

0.00 7,310.42
7,310.42
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
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 28

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
805,667.64
951,410.90

0.00 (145,890.05)
805,520.85
2,118.86
3,972.86
1,793.95
3,647.95

0.00 0.00

0.00 3,647.95
3,647.95
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
2,080,000.00
2,079,869.17

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

0.00 0.00

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

0.00 0.00
1,848,464.50
39,962.57

0.00 264.65
(39,697.92)

0.00 0.00

0.00 (39,697.92)
(39,697.92)
57629W5B2 MASSMUTUAL GLOBAL
FUNDING II 4.85 01/17/2029
01/09/2024
01/17/2024
2,140,000.00
2,139,721.80

0.00 0.00
2,139,721.80
29,983.78

0.00 38,632.94
8,649.17

0.00 0.00

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

0.00 0.00
2,271,369.92
7,952.00

0.00 10,224.00
2,272.00

0.00 0.00

0.00 2,272.00
2,272.00
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
58989V2D5 MET TOWER GLOBAL
FUNDING 1.25 09/14/2026
09/07/2021
09/14/2021
1,715,000.00
1,713,422.20

0.00 0.00
1,713,422.20
2,798.78

0.00 4,585.24
1,786.46

0.00 0.00

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

0.00 0.00
1,998,260.00
5,541.67

0.00 14,291.67
8,750.00

0.00 0.00

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

0.00 0.00
2,482,167.10
14,236.98

0.00 18,119.79
3,882.81

0.00 0.00

0.00 3,882.81
3,882.81
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 29

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
61747YFA8 MORGAN STANLEY 5.123
02/01/2029
02/13/2024
02/15/2024
2,650,000.00
2,632,165.50

0.00 0.00
2,632,165.50
33,939.88

0.00 45,253.17
11,313.29

0.00 0.00

0.00 11,313.29
11,313.29
61748UAK8 MORGAN STANLEY 4.133
10/18/2029
10/17/2025
10/22/2025
2,900,000.00
2,900,364.00

0.00 0.00
2,900,364.00
2,996.43

0.00 12,984.51
9,988.08

0.00 0.00

0.00 9,988.08
9,988.08
63743HFN7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

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

0.00 0.00
2,481,775.00
28,291.67

0.00 38,395.83
10,104.17

0.00 0.00

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

0.00 0.00
2,115,929.60
42,694.44

0.00 51,527.78
8,833.33

0.00 0.00

0.00 8,833.33
8,833.33
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
3,445,000.00
3,443,036.35

0.00 0.00
3,443,036.35
64,268.39

0.00 77,474.22
13,205.83

0.00 0.00

0.00 13,205.83
13,205.83
66815L2Q1

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

0.00 0.00
2,404,556.16
34,854.00

0.00 44,274.00
9,420.00

0.00 0.00

0.00 9,420.00
9,420.00
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
87,461.11
91,000.00
11,627.78
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
64,918.75
76,375.00
1,272.92
12,729.17

0.00 0.00

0.00 12,729.17
12,729.17
74340XCG4 PROLOGIS LP 4.875
06/15/2028 2,000,000.00
1,970,364.90

0.00 0.00
1,970,364.90
36,833.33

0.00 44,958.33
8,125.00

0.00 0.00

0.00 8,125.00
8,125.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 30

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
74456QBX3

PUBLIC SERVICE ELECTRIC
AND GAS CO 3.65
09/01/2028
09/12/2023
09/14/2023

0.00 2,805,270.00

0.00 (2,805,270.00)

0.00 18,250.00
19,466.67

0.00 1,216.67

0.00 0.00

0.00 1,216.67
1,216.67
74460DAD1 PUBLIC STORAGE OPERATING
CO 3.385 05/01/2029 3,000,000.00
2,762,330.00

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

0.00 0.00

0.00 8,462.50
8,462.50
828807DK0 SIMON PROPERTY GROUP LP

2.65 07/15/2030
08/19/2025
08/20/2025
4,500,000.00
4,170,105.00

0.00 0.00
4,170,105.00
35,112.50

0.00 45,050.00
9,937.50

0.00 0.00

0.00 9,937.50
9,937.50
880591EZ1

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

0.00 0.00
3,548,755.00
17,329.86

0.00 28,631.94
11,302.08

0.00 0.00

0.00 11,302.08
11,302.08
89115A2Y7 TORONTO-DOMINION BANK

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

0.00 0.00
2,330,000.00
8,403.79

0.00 18,100.48
9,696.68

0.00 0.00

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

0.00 0.00
3,323,537.00
13,819.53

0.00 16,936.72
3,117.19

0.00 0.00

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

0.00 0.00
3,647,178.30
56,287.00

0.00 71,363.88
15,076.88

0.00 0.00

0.00 15,076.88
15,076.88
91282CCW9 UNITED STATES TREASURY

0.75 08/31/2026
09/23/2021
09/24/2021
1,570,000.00
1,558,899.61

0.00 0.00
1,558,899.61
2,016.71

0.00 2,992.54
975.83

0.00 0.00

0.00 975.83
975.83
91282CCZ2 UNITED STATES TREASURY

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

0.00 0.00
3,083,172.27
2,407.69

0.00 4,664.90
2,257.21

0.00 0.00

0.00 2,257.21
2,257.21
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 31

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

96.96 0.00
3,005.80
2,908.84

0.00 0.00

0.00 2,908.84
2,908.84
91282CEW7 UNITED STATES TREASURY

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

0.00 0.00
6,690,380.86
72,824.73

0.00 90,443.61
17,618.89

0.00 0.00

0.00 17,618.89
17,618.89
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
10,153.85

0.00 19,673.08
9,519.23

0.00 0.00

0.00 9,519.23
9,519.23
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
75,001.37

0.00 489.70
(74,511.67)

0.00 0.00

0.00 (74,511.67)
(74,511.67)
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
91,399.46

0.00 113,512.23
22,112.77

0.00 0.00

0.00 22,112.77
22,112.77
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
61,915.76

0.00 81,888.59
19,972.83

0.00 0.00

0.00 19,972.83
19,972.83
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028
02/23/2023
02/28/2023
7,000,000.00
6,949,960.94

0.00 0.00
6,949,960.94
47,955.80

0.00 71,160.22
23,204.42

0.00 0.00

0.00 23,204.42
23,204.42
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
106,769.13

0.00 697.12
(106,072.01)

0.00 0.00

0.00 (106,072.01)
(106,072.01)
91282CHX2 UNITED STATES TREASURY

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

0.00 0.00
1,879,960.94
14,236.88

0.00 21,125.69
6,888.81

0.00 0.00

0.00 6,888.81
6,888.81
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 32

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
23,582.42

0.00 45,690.93
22,108.52

0.00 0.00

0.00 22,108.52
22,108.52
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
269.34

0.00 8,349.45
8,080.11

0.00 0.00

0.00 8,080.11
8,080.11
91282CJN2 UNITED STATES TREASURY

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

0.00 0.00
3,482,875.00
62,588.80

0.00 408.65
(62,180.14)

0.00 0.00

0.00 (62,180.14)
(62,180.14)
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
138,994.57

0.00 172,622.28
33,627.72

0.00 0.00

0.00 33,627.72
33,627.72
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
50,543.48

0.00 66,847.83
16,304.35

0.00 0.00

0.00 16,304.35
16,304.35
91282CKD2 UNITED STATES TREASURY

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

0.00 0.00
6,985,234.38
50,953.04

0.00 75,607.73
24,654.70

0.00 0.00

0.00 24,654.70
24,654.70
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
25,384.62

0.00 49,182.69
23,798.08

0.00 0.00

0.00 23,798.08
23,798.08
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
894.34

0.00 27,724.45
26,830.11

0.00 0.00

0.00 26,830.11
26,830.11
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
83,311.48

0.00 543.96
(82,767.52)

0.00 0.00

0.00 (82,767.52)
(82,767.52)
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 33

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
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
57,282.61

0.00 71,141.30
13,858.70

0.00 0.00

0.00 13,858.70
13,858.70
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
49,668.51

0.00 73,701.66
24,033.15

0.00 0.00

0.00 24,033.15
24,033.15
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
26,153.85

0.00 50,673.08
24,519.23

0.00 0.00

0.00 24,519.23
24,519.23
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
78,104.51

0.00 509.96
(77,594.55)

0.00 0.00

0.00 (77,594.55)
(77,594.55)
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
48,332.20

0.00 63,923.23
15,591.03

0.00 0.00

0.00 15,591.03
15,591.03
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
856.35

0.00 26,546.96
25,690.61

0.00 0.00

0.00 25,690.61
25,690.61
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
134,644.81

0.00 879.12
(133,765.69)

0.00 0.00

0.00 (133,765.69)
(133,765.69)
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
104,456.52

0.00 129,728.26
25,271.74

0.00 0.00

0.00 25,271.74
25,271.74
91282CPA3 UNITED STATES TREASURY

3.625 09/30/2030
10/10/2025
10/14/2025
3,500,000.00
3,495,625.00

0.00 0.00
3,495,625.00
11,153.85

0.00 21,610.58
10,456.73

0.00 0.00

0.00 10,456.73
10,456.73
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 34

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91324PEC2 UNITEDHEALTH GROUP INC

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

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

0.00 0.00

0.00 771.46
771.46
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
2,330,000.00
2,329,653.76

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

0.00 0.00

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

0.00 0.00
783,516.35
1,007.42

0.00 1,694.29
686.88

0.00 0.00

0.00 686.88
686.88
Total Fixed Income 377,971,667.44
374,202,295.78
3,020,760.00
(3,482,800.91)
373,740,254.87
2,780,807.10
621,677.81
2,671,807.36
512,678.07

0.00 0.00

0.00 512,678.07 512,678.07
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 43,052,170.88
39,352,170.88
36,800,000.00
(33,100,000.00)
43,052,170.88

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total LAIF 43,052,170.88
39,352,170.88
36,800,000.00
(33,100,000.00)
43,052,170.88

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00
TOTAL PORTFOLIO 424,855,040.86
435,285,087.57
41,129,929.82
(56,620,305.91)
420,623,628.30
2,780,807.10
643,625.63
2,671,807.36
534,625.89

0.00 0.00

0.00 534,625.89 534,625.89
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 35

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount DECEMBER 2025
12/01/2025 Coupon 91282CNG2 0.00 UNITED STATES TREASURY 4.0 05/31/2030 160,000.00 160,000.00 12/01/2025 Coupon 91282CMA6 0.00 UNITED STATES TREASURY 4.125 11/30/2029 92,812.50 92,812.50 12/01/2025 Coupon 91282CKT7 0.00 UNITED STATES TREASURY 4.5 05/31/2029 99,000.00 99,000.00 12/01/2025 Coupon 91282CJN2 0.00 UNITED STATES TREASURY 4.375 11/30/2028 74,375.00 74,375.00 12/01/2025 Coupon 91282CHE4 0.00 UNITED STATES TREASURY 3.625 05/31/2028 126,875.00 126,875.00 12/01/2025 Coupon 91282CFZ9 0.00 UNITED STATES TREASURY 3.875 11/30/2027 89,125.00 89,125.00 12/01/2025 Coupon 57629W4T4 0.00 MASSMUTUAL GLOBAL FUNDING II 5.15 05/30/2029 47,637.50 47,637.50
12/02/2025 Dividend 60934N807 0.00 FEDERATED HRMS GV O SVC 12,412.82 12,412.82 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 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 13,052.76 13,052.76 12/15/2025 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 180,347.82 180,347.82 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 7,077.55 7,077.55 12/15/2025 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 181,828.31 181,828.31 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 805,667.64 JDOT 2023 A3 5.01 11/15/2027 3,441.07 3,441.07 12/15/2025 Principal Paydown 47800CAC0 805,667.64 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 2,000,000.00 PROLOGIS LP 4.875 06/15/2028 48,750.00 48,750.00 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 36

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 7,162.62 7,162.62 12/16/2025 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 100,526.95 100,526.95 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 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 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 6,701.69 6,701.69 12/22/2025 Principal Paydown 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 161,040.57 161,040.57 12/25/2025 Coupon 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 4,832.69 4,832.69 12/25/2025 Principal Paydown 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 129,991.45 129,991.45 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 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 11,034.31 11,034.31 12/25/2025 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 6,196.78 6,196.78 12/25/2025 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 3,102.89 3,102.89 12/26/2025 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 3,316.25 3,316.25 12/26/2025 Coupon 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,766.03 7,766.03 12/26/2025 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 9,000.00 9,000.00 12/26/2025 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 12/26/2025 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 12/26/2025 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 12/26/2025 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 12/26/2025 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 12/26/2025 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 12/26/2025 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 12/26/2025 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 12/26/2025 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 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 37

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 896,875.32 2,005,559.79 2,902,435.11
JANUARY 2026
01/09/2026 Coupon 89236TNA9 3,655,000.00 TOYOTA MOTOR CREDIT CORP 4.95 01/09/2030 90,461.25 90,461.25 01/12/2026 Coupon 59217GER6 2,485,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 1.875 01/11/2027 23,296.88 23,296.88
01/12/2026 Coupon 66815L2Q1 2,400,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.71 01/10/2029 56,520.00 56,520.00
01/15/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 01/15/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 01/15/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 01/15/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 01/15/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 01/15/2026 Coupon 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 12,269.75 12,269.75 01/15/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 176,931.98 176,931.98 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 84,289.22 84,289.22 01/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 6,257.80 6,257.80 01/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 181,065.05 181,065.05 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 805,667.64 JDOT 2023 A3 5.01 11/15/2027 3,076.39 3,076.39 01/15/2026 Principal Paydown 47800CAC0 805,667.64 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 Coupon 828807DK0 4,500,000.00 SIMON PROPERTY GROUP LP 2.65 07/15/2030 59,625.00 59,625.00 01/15/2026 Dividend 90LAIF$00 43,052,170.88 Local Agency Investment Fund State Pool 250,377.72 250,377.72 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 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 6,756.33 6,756.33 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 38

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/16/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 95,549.86 95,549.86 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 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 5,978.35 5,978.35 01/20/2026 Principal Paydown 36269WAD1 1,481,549.54 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 2,500,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 43,862.50 43,862.50 01/26/2026 Coupon 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 4,293.23 4,293.23 01/26/2026 Principal Paydown 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 242,233.27 242,233.27 01/26/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 7,959.79 7,959.79 01/26/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 102,112.59 102,112.59 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 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,749.92 7,749.92 01/26/2026 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 5,901.28 5,901.28 01/26/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,990.69 8,990.69 01/26/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,280.22 5,280.22 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 1,549,301.86 630,341.00 2,179,642.87 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 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM 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 02/02/2026 Coupon 91282CGH8 7,000,000.00 UNITED STATES TREASURY 3.5 01/31/2028 122,500.00 122,500.00 02/02/2026 Coupon 91282CJW2 5,000,000.00 UNITED STATES TREASURY 4.0 01/31/2029 100,000.00 100,000.00 02/02/2026 Coupon 91282CMG3 4,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 95,625.00 95,625.00 02/09/2026 Coupon 63743HFN7 2,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.85 02/07/2029 60,625.00 60,625.00
02/16/2026 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 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 6,370.15 6,370.15 02/16/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 94,522.82 94,522.82 02/16/2026 Coupon 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 11,501.57 11,501.57 02/16/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 174,847.61 174,847.61 02/16/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 7,966.16 7,966.16 02/16/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 107,071.02 107,071.02 02/16/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 5,441.50 5,441.50 02/16/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 122,950.57 122,950.57 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 805,667.64 JDOT 2023 A3 5.01 11/15/2027 2,662.26 2,662.26 02/16/2026 Principal Paydown 47800CAC0 805,667.64 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 4,810.73 4,810.73 02/16/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 44,154.54 44,154.54 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 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 4,953.05 4,953.05 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM 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 02/20/2026 Principal Paydown 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 198,029.37 198,029.37 02/25/2026 Coupon 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 3,287.96 3,287.96 02/25/2026 Principal Paydown 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 191,807.85 191,807.85 02/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 7,519.00 7,519.00 02/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 100,829.21 100,829.21 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 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,734.58 7,734.58 02/25/2026 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 5,907.76 5,907.76 02/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,974.85 8,974.85 02/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,298.37 5,298.37 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 1,188,025.52 1,074,184.80 2,262,210.32
MARCH 2026
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 91282CGP0 7,000,000.00 UNITED STATES TREASURY 4.0 02/29/2028 140,000.00 140,000.00 03/02/2026 Coupon 91282CHX2 1,900,000.00 UNITED STATES TREASURY 4.375 08/31/2028 41,562.50 41,562.50 03/02/2026 Coupon 91282CKD2 7,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 148,750.00 148,750.00 03/02/2026 Coupon 91282CLK5 8,000,000.00 UNITED STATES TREASURY 3.625 08/31/2029 145,000.00 145,000.00 03/05/2026 Coupon 02665WFY2 2,000,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 48,000.00 48,000.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM 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 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 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 5,988.12 5,988.12 03/16/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 91,591.90 91,591.90 03/16/2026 Coupon 437076DJ8 3,000,000.00 HOME DEPOT INC 3.95 09/15/2030 59,250.00 59,250.00 03/16/2026 Coupon 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 10,742.44 10,742.44 03/16/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 169,504.04 169,504.04 03/16/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 7,520.93 7,520.93 03/16/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 103,686.33 103,686.33 03/16/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 4,887.20 4,887.20 03/16/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 139,007.99 139,007.99 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 805,667.64 JDOT 2023 A3 5.01 11/15/2027 2,388.45 2,388.45 03/16/2026 Principal Paydown 47800CAC0 805,667.64 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 4,614.98 4,614.98 03/16/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 74,391.47 74,391.47 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 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 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 4,063.57 4,063.57 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM 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 03/20/2026 Principal Paydown 36269WAD1 1,481,549.54 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 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 2,491.96 2,491.96 03/25/2026 Principal Paydown 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 195,563.00 195,563.00 03/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 7,083.75 7,083.75 03/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 98,287.63 98,287.63 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 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,719.22 7,719.22 03/25/2026 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 224,244.78 224,244.78 03/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,958.96 8,958.96 03/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 6,494.79 6,494.79 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 03/31/2026 Coupon 91282CPA3 3,500,000.00 UNITED STATES TREASURY 3.625 09/30/2030 63,437.50 63,437.50 March 2026 Total 1,419,108.72 1,696,018.05 3,115,126.77 APRIL 2026
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 43

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/06/2026 Coupon 40139LBN2 3,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.327 10/06/2030 71,395.50 71,395.50
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 24422EYF0 3,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 65,625.00 65,625.00 04/15/2026 Coupon 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 10,006.51 10,006.51 04/15/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 174,897.97 174,897.97 04/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 7,089.76 7,089.76 04/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 109,104.41 109,104.41 04/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 4,260.50 4,260.50 04/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 244,269.23 244,269.23 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 805,667.64 JDOT 2023 A3 5.01 11/15/2027 2,144.14 2,144.14 04/15/2026 Principal Paydown 47800CAC0 805,667.64 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 4,285.18 4,285.18 04/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 82,969.13 82,969.13 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 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 5,617.93 5,617.93 04/16/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 96,162.27 96,162.27 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 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 3,240.75 3,240.75 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 44

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/20/2026 Principal Paydown 36269WAD1 1,481,549.54 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 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
04/20/2026 Coupon 61748UAK8 2,900,000.00 MORGAN STANLEY 4.133 10/18/2029 58,596.76 58,596.76 04/21/2026 Coupon 38141GD27 3,115,000.00 GOLDMAN SACHS GROUP INC 4.153 10/21/2029 64,682.98 64,682.98
04/23/2026 Coupon 141781CF9 2,160,000.00 CARGILL INC 4.125 10/23/2030 44,550.00 44,550.00 04/27/2026 Coupon 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 1,680.37 1,680.37 04/27/2026 Principal Paydown 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 214,610.37 214,610.37 04/27/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 6,659.48 6,659.48 04/27/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 98,573.84 98,573.84 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 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,136.18 7,136.18 04/27/2026 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 5,454.72 5,454.72 04/27/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,939.47 8,939.47 04/27/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,339.17 5,339.17 04/27/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 04/27/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 04/27/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 04/27/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 04/27/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 04/27/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 04/27/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 04/27/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 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 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 45

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 7,906,732.10 1,188,489.09 9,095,221.19 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 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 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 9,247.16 9,247.16 05/15/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 168,122.43 168,122.43 05/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 6,636.07 6,636.07 05/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 104,611.05 104,611.05 05/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 3,159.26 3,159.26 05/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 219,334.67 219,334.67 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 805,667.64 JDOT 2023 A3 5.01 11/15/2027 1,847.11 1,847.11 05/15/2026 Principal Paydown 47800CAC0 805,667.64 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 3,917.35 3,917.35 05/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 84,135.86 84,135.86 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 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 46

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 5,229.28 5,229.28 05/18/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 92,278.98 92,278.98 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 05/20/2026 Coupon 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 2,345.80 2,345.80 05/20/2026 Principal Paydown 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 172,521.53 172,521.53 05/25/2026 Coupon 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 789.74 789.74 05/25/2026 Principal Paydown 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 179,305.72 179,305.72 05/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 6,233.97 6,233.97 05/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 94,956.41 94,956.41 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 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,122.00 7,122.00 05/25/2026 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 5,741.33 5,741.33 05/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,923.45 8,923.45 05/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,748.67 5,748.67 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 7,075,271.72 579,978.66 7,655,250.38
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 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 47

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 06/01/2026 Coupon 91282CPN5 3,500,000.00 UNITED STATES TREASURY 3.5 11/30/2030 61,250.00 61,250.00 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 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 8,517.23 8,517.23 06/15/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 164,883.32 164,883.32 06/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 6,201.06 6,201.06 06/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 103,012.84 103,012.84 06/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 2,170.42 2,170.42 06/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 210,998.43 210,998.43 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 805,667.64 JDOT 2023 A3 5.01 11/15/2027 1,551.67 1,551.67 06/15/2026 Principal Paydown 47800CAC0 805,667.64 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 3,544.34 3,544.34 06/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 103,628.90 103,628.90 06/15/2026 Coupon 74340XCG4 2,000,000.00 PROLOGIS LP 4.875 06/15/2028 48,750.00 48,750.00 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 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 4,856.32 4,856.32 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 48

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/16/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 90,859.30 90,859.30 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
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 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 1,570.90 1,570.90 06/22/2026 Principal Paydown 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 169,930.92 169,930.92 06/25/2026 Coupon 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 45.62 45.62 06/25/2026 Effective Maturity 05611UAD5 1,164,503.84 BMWLT 2024-1 A3 4.98 03/25/2027 10,992.19 10,992.19 06/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 5,824.07 5,824.07 06/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 93,516.98 93,516.98 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 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,107.07 7,107.07 06/25/2026 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 5,480.33 5,480.33 06/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,906.21 8,906.21 06/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,377.35 5,377.35 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 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 49

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 4,503,608.14 2,033,984.67 6,537,592.81
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 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 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 7,801.36 7,801.36 07/15/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 161,310.42 161,310.42 07/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 5,772.70 5,772.70 07/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 101,138.78 101,138.78 07/15/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 1,219.17 1,219.17 07/15/2026 Principal Paydown 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 204,782.02 204,782.02 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 805,667.64 JDOT 2023 A3 5.01 11/15/2027 1,293.23 1,293.23 07/15/2026 Principal Paydown 47800CAC0 805,667.64 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 3,084.92 3,084.92 07/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 96,619.03 96,619.03 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 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 50

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/16/2026 Coupon 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 4,489.09 4,489.09 07/16/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 89,199.63 89,199.63 07/16/2026 Coupon 57629WDE7 2,272,000.00 MASSMUTUAL GLOBAL FUNDING II 1.2 07/16/2026 13,632.00 13,632.00
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 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 807.62 807.62 07/20/2026 Principal Paydown 36269WAD1 1,481,549.54 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 2,500,000.00 JPMORGAN CHASE & CO 3.509 01/23/2029 43,862.50 43,862.50 07/27/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 5,420.39 5,420.39 07/27/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 86,873.78 86,873.78 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 732,881.94 732,881.94 07/27/2026 Coupon 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,092.82 7,092.82 07/27/2026 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 17,644.85 17,644.85 07/27/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,890.08 8,890.08 07/27/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,785.48 5,785.48 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 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 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 51

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 4,188,549.75 914,339.11 5,102,888.86
AUGUST 2026
08/03/2026 Coupon 13063EGT7 4,395,000.00 CALIFORNIA STATE 4.5 08/01/2029 98,887.50 98,887.50 08/03/2026 Coupon 61747YFA8 2,650,000.00 MORGAN STANLEY 5.123 02/01/2029 67,879.75 67,879.75 08/07/2026 Coupon 63743HFN7 2,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.85 02/07/2029 60,625.00 60,625.00
08/17/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 08/17/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 08/17/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 08/17/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 08/17/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 08/17/2026 Coupon 171239AL0 3,700,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 86,025.00 86,025.00 08/17/2026 Coupon 30303M8S4 2,280,000.00 META PLATFORMS INC 4.3 08/15/2029 49,020.00 49,020.00 08/17/2026 Coupon 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 4,128.58 4,128.58 08/17/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 86,759.58 86,759.58 08/17/2026 Coupon 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 7,101.00 7,101.00 08/17/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 156,689.12 156,689.12 08/17/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 5,352.13 5,352.13 08/17/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 98,350.42 98,350.42 08/17/2026 Coupon 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 295.95 295.95 08/17/2026 Effective Maturity 44934FAD7 1,615,000.00 HALST 2024-B A3 5.41 05/17/2027 65,644.39 65,644.39 08/17/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 08/17/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 8,297.21 8,297.21 08/17/2026 Principal Paydown 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 218,058.77 218,058.77 08/17/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 7,147.54 7,147.54 08/17/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 97,631.47 97,631.47 08/17/2026 Coupon 47800CAC0 805,667.64 JDOT 2023 A3 5.01 11/15/2027 1,025.63 1,025.63 08/17/2026 Principal Paydown 47800CAC0 805,667.64 JDOT 2023 A3 5.01 11/15/2027 59,556.12 59,556.12 08/17/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 08/17/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 2,656.58 2,656.58 08/17/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 99,231.33 99,231.33 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 52

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 08/18/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 3,803.70 3,803.70 08/18/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 69,377.12 69,377.12 08/20/2026 Coupon 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 81.21 81.21 08/20/2026 Effective Maturity 36269WAD1 1,481,549.54 GMALT 2024-2 A3 5.39 07/20/2027 18,080.82 18,080.82 08/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 5,045.39 5,045.39 08/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 83,831.75 83,831.75 08/25/2026 Coupon 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 1,695.97 1,695.97 08/25/2026 Final Maturity 3137BSP72 1,500,000.00 FHMS K-058 A2 2.653 08/25/2026 767,118.06 767,118.06 08/25/2026 Coupon 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 7,046.95 7,046.95 08/25/2026 Principal Paydown 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 489,290.90 489,290.90 08/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,872.72 8,872.72 08/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,415.78 5,415.78 08/25/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,750.00 16,750.00 08/25/2026 Principal Paydown 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 724.02 724.02 08/25/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 08/25/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 08/25/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 08/25/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 08/25/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 08/25/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 08/25/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 08/25/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 08/26/2026 Coupon 17275RBR2 1,960,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 47,530.00 47,530.00 08/27/2026 Coupon 14913UAJ9 2,500,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 60,625.00 60,625.00
08/31/2026 Coupon 91282CCW9 1,570,000.00 UNITED STATES TREASURY 0.75 08/31/2026 5,887.50 5,887.50 08/31/2026 Final Maturity 91282CCW9 1,570,000.00 UNITED STATES TREASURY 0.75 08/31/2026 1,570,000.00 1,570,000.00 08/31/2026 Coupon 91282CGP0 7,000,000.00 UNITED STATES TREASURY 4.0 02/29/2028 140,000.00 140,000.00 08/31/2026 Coupon 91282CHX2 1,900,000.00 UNITED STATES TREASURY 4.375 08/31/2028 41,562.50 41,562.50 08/31/2026 Coupon 91282CKD2 7,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 148,750.00 148,750.00 08/31/2026 Coupon 91282CLK5 8,000,000.00 UNITED STATES TREASURY 3.625 08/31/2029 145,000.00 145,000.00 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 53

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount August 2026 Total 3,885,759.64 1,201,990.04 5,087,749.68 SEPTEMBER 2026
09/08/2026 Coupon 02665WFY2 2,000,000.00 AMERICAN HONDA FINANCE CORP 4.8 03/05/2030 48,000.00 48,000.00
09/14/2026 Coupon 58989V2D5 1,715,000.00 MET TOWER GLOBAL FUNDING 1.25 09/14/2026 10,718.75 10,718.75
09/14/2026 Final Maturity 58989V2D5 1,715,000.00 MET TOWER GLOBAL FUNDING 1.25 09/14/2026 1,715,000.00 1,715,000.00
09/15/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 09/15/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 09/15/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 09/15/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 09/15/2026 Coupon 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 15,673.50 15,673.50 09/15/2026 Effective Maturity 161571HT4 3,645,000.00 CHAIT 2023-1 A 5.16 09/15/2028 3,645,000.00 3,645,000.00 09/15/2026 Coupon 26442UAH7 1,500,000.00 DUKE ENERGY PROGRESS LLC 3.45 03/15/2029 25,875.00 25,875.00 09/15/2026 Coupon 437076DJ8 3,000,000.00 HOME DEPOT INC 3.95 09/15/2030 59,250.00 59,250.00 09/15/2026 Coupon 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 6,420.71 6,420.71 09/15/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 133,612.84 133,612.84 09/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 4,943.16 4,943.16 09/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 92,357.71 92,357.71 09/15/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 09/15/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 7,419.52 7,419.52 09/15/2026 Principal Paydown 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 245,227.06 245,227.06 09/15/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 6,724.47 6,724.47 09/15/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 106,187.88 106,187.88 09/15/2026 Coupon 47800CAC0 805,667.64 JDOT 2023 A3 5.01 11/15/2027 776.98 776.98 09/15/2026 Principal Paydown 47800CAC0 805,667.64 JDOT 2023 A3 5.01 11/15/2027 57,593.04 57,593.04 09/15/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 09/15/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 2,216.65 2,216.65 09/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 108,864.28 108,864.28 09/15/2026 Coupon 880591EZ1 3,500,000.00 TENNESSEE VALLEY AUTHORITY 3.875 03/15/2028 67,812.50 67,812.50
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 54

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 09/16/2026 Coupon 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 3,777.93 3,777.93 09/16/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 77,822.00 77,822.00 09/17/2026 Coupon 931142ER0 785,000.00 WALMART INC 1.05 09/17/2026 4,121.25 4,121.25 09/17/2026 Final Maturity 931142ER0 785,000.00 WALMART INC 1.05 09/17/2026 785,000.00 785,000.00 09/18/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 3,499.01 3,499.01 09/18/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 67,900.60 67,900.60 09/21/2026 Coupon 459058LR2 4,500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 92,812.50 92,812.50
09/25/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 4,683.51 4,683.51 09/25/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 82,330.26 82,330.26 09/25/2026 Coupon 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 5,774.79 5,774.79 09/25/2026 Final Maturity 3137BSRE5 2,986,936.44 FHMS K-059 A2 3.12 09/25/2026 2,221,073.72 2,221,073.72 09/25/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,856.47 8,856.47 09/25/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,434.37 5,434.37 09/25/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,747.98 16,747.98 09/25/2026 Principal Paydown 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 10,525.94 10,525.94 09/25/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 09/25/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 09/25/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 09/25/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 09/25/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 09/25/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 09/25/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 09/25/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 09/28/2026 Coupon 40139LBJ1 3,050,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 63,729.75 63,729.75
09/30/2026 Coupon 91282CCZ2 3,130,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,693.75 13,693.75 09/30/2026 Final Maturity 91282CCZ2 3,130,000.00 UNITED STATES TREASURY 0.875 09/30/2026 3,130,000.00 3,130,000.00 09/30/2026 Coupon 91282CFM8 2,800,000.00 UNITED STATES TREASURY 4.125 09/30/2027 57,750.00 57,750.00 09/30/2026 Coupon 91282CJA0 5,800,000.00 UNITED STATES TREASURY 4.625 09/30/2028 134,125.00 134,125.00 09/30/2026 Coupon 91282CKG5 7,000,000.00 UNITED STATES TREASURY 4.125 03/31/2029 144,375.00 144,375.00 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 55

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2026 Coupon 91282CLN9 8,500,000.00 UNITED STATES TREASURY 3.5 09/30/2029 148,750.00 148,750.00 09/30/2026 Coupon 91282CPA3 3,500,000.00 UNITED STATES TREASURY 3.625 09/30/2030 63,437.50 63,437.50 September 2026
Total 12,483,929.71 1,177,189.43 13,661,119.14
OCTOBER 2026
10/05/2026 Coupon 89115A2Y7 2,330,000.00 TORONTO-DOMINION BANK 4.994 04/05/2029 58,180.10 58,180.10 10/06/2026 Coupon 40139LBN2 3,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.327 10/06/2030 71,395.50 71,395.50
10/13/2026 Coupon 58989V2H6 2,000,000.00 MET TOWER GLOBAL FUNDING 5.25 04/12/2029 52,500.00 52,500.00
10/15/2026 Coupon 02582JKH2 3,070,000.00 AMXCA 2024-1 A 5.23 04/16/2029 13,380.08 13,380.08 10/15/2026 Coupon 02582JKP4 3,380,000.00 AMXCA 2025-2 A 4.28 04/15/2030 12,055.33 12,055.33 10/15/2026 Coupon 05522RDH8 2,000,000.00 BACCT 2023-2 A 4.98 11/16/2026 8,300.00 8,300.00 10/15/2026 Coupon 05522RDJ4 2,095,000.00 BACCT 2024-1 A 4.93 05/15/2029 8,606.96 8,606.96 10/15/2026 Coupon 24422EYF0 3,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 65,625.00 65,625.00 10/15/2026 Coupon 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 5,840.61 5,840.61 10/15/2026 Principal Paydown 437918AC9 2,985,049.24 HAROT 2024-1 A3 5.21 08/15/2028 128,614.81 128,614.81 10/15/2026 Coupon 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 4,559.11 4,559.11 10/15/2026 Principal Paydown 448973AD9 2,000,000.00 HART 2024-A A3 4.99 02/15/2029 88,086.05 88,086.05 10/15/2026 Coupon 44935CAD3 2,625,000.00 HART 2025-A A3 4.32 10/15/2029 9,450.00 9,450.00 10/15/2026 Coupon 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 6,432.48 6,432.48 10/15/2026 Principal Paydown 44935WAD9 2,090,000.00 HALST 2025-A A3 4.83 01/18/2028 274,675.85 274,675.85 10/15/2026 Coupon 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 6,264.33 6,264.33 10/15/2026 Principal Paydown 47786WAD2 2,100,000.00 JDOT 2024-B A3 5.2 03/15/2029 100,710.30 100,710.30 10/15/2026 Coupon 47800CAC0 805,667.64 JDOT 2023 A3 5.01 11/15/2027 536.53 536.53 10/15/2026 Principal Paydown 47800CAC0 805,667.64 JDOT 2023 A3 5.01 11/15/2027 70,116.43 70,116.43 10/15/2026 Coupon 47800DAD6 2,080,000.00 JDOT 2025 A3 4.23 09/17/2029 7,332.00 7,332.00 10/15/2026 Coupon 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,734.02 1,734.02 10/15/2026 Principal Paydown 58770JAD6 1,085,000.00 MBALT 2024-A A3 5.32 01/18/2028 116,595.19 116,595.19 10/15/2026 Coupon 92970QAE5 2,330,000.00 WFCIT 2024-2 A 4.29 10/15/2029 8,329.75 8,329.75 10/16/2026 Coupon 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 3,463.40 3,463.40 10/16/2026 Principal Paydown 36268GAD7 1,755,960.74 GMCAR 2024-1 A3 4.85 12/18/2028 74,815.66 74,815.66 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 56

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/16/2026 Coupon 459058LN1 4,500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 87,187.50 87,187.50
10/19/2026 Coupon 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 3,200.82 3,200.82 10/19/2026 Principal Paydown 437930AC4 1,415,000.00 HAROT 2024-2 A3 5.27 11/20/2028 65,377.62 65,377.62 10/19/2026 Coupon 61748UAK8 2,900,000.00 MORGAN STANLEY 4.133 10/18/2029 59,928.50 59,928.50 10/21/2026 Coupon 38141GD27 3,115,000.00 GOLDMAN SACHS GROUP INC 4.153 10/21/2029 64,682.98 64,682.98
10/23/2026 Coupon 141781CF9 2,160,000.00 CARGILL INC 4.125 10/23/2030 44,550.00 44,550.00 10/26/2026 Coupon 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 4,328.12 4,328.12 10/26/2026 Principal Paydown 096919AD7 1,855,000.00 BMWOT 2024-A A3 5.18 02/26/2029 75,348.60 75,348.60 10/26/2026 Coupon 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 8,840.17 8,840.17 10/26/2026 Principal Paydown 3137F4D41 3,000,000.00 FHMS K-074 A2 3.6 01/25/2028 5,840.45 5,840.45 10/26/2026 Coupon 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 16,718.59 16,718.59 10/26/2026 Principal Paydown 3137FETN0 6,000,000.00 FHMS K-073 A2 3.35 01/25/2028 11,258.89 11,258.89 10/26/2026 Coupon 3137FG6X8 5,320,000.00 FHMS K-077 A2 3.85 05/25/2028 17,068.33 17,068.33 10/26/2026 Coupon 3137FGR31 1,997,000.00 FHMS K-078 A2 3.854 06/25/2028 6,413.70 6,413.70 10/26/2026 Coupon 3137FJEH8 3,148,000.00 FHMS K-081 A2 3.9 08/25/2028 10,231.00 10,231.00 10/26/2026 Coupon 3137FJKE8 2,500,000.00 FHMS K-082 A2 3.92 09/25/2028 8,166.67 8,166.67 10/26/2026 Coupon 3137FLMV3 4,950,000.00 FHMS K-090 A2 3.422 02/25/2029 14,115.75 14,115.75 10/26/2026 Coupon 3137FLYV0 3,000,000.00 FHMS K-092 A2 3.298 04/25/2029 8,245.00 8,245.00 10/26/2026 Coupon 3137H4BY5 5,000,000.00 FHMS K-746 A2 2.031 09/25/2028 8,462.50 8,462.50 10/26/2026 Coupon 3137H5YC5 8,000,000.00 FHMS K-748 A2 2.26 01/25/2029 15,066.67 15,066.67 October 2026 Total 1,011,439.84 721,191.48 1,732,631.33 Grand Total 1,801,569,752.82 46,108,602.32 13,223,266.13 59,331,868.45 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/04/2025 03:19:16 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747 | 57

IMPORTANT DISCLOSURES
City of Corona Cons Account | Account #10003 | As of November 30, 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: 5904D448-D49D-4E3D-8331-21E74C45CEE0

* 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 43,980,000.00 41,983,677.26 41,576,076.96 9.83% 2.96 1083 3.97Agency 6,500,000.00 6,559,072.00 6,480,115.00 1.54% 2.43 886 3.55Agency CMBS 47,415,000.00 46,610,242.45 44,989,357.15 10.91% 2.58 942 3.78Cash 952,615.54 952,615.54 952,615.54 0.22% 0.00 0 0.00Corporate 101,337,000.00 101,955,279.24 100,311,121.44 23.87% 3.32 1213 4.07LAIF 43,052,170.88 43,052,170.88 43,052,170.88 10.08% 0.00 0 --- Money Market Fund 2,878,587.00 2,878,587.00 2,878,587.00 0.67% 0.00 0 --- Municipal Bonds 4,395,000.00 4,512,430.00 4,418,161.65 1.06% 3.67 1340 3.71Supranational 15,390,000.00 15,449,052.96 15,272,173.80 3.62% 2.58 941 3.72US Treasury 161,370,000.00 163,224,380.52 160,693,248.88 38.21% 3.14 1147 3.54--- 427,270,373.42 427,177,507.86 420,623,628.30 100.00% 2.73 999 3.76 Corona Supplemental City of Corona ConsAgg (362432)As of 11/30/2025 Dated: 12/08/2025 1 Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

MONTHLY ACCOUNT STATEMENT
City of Corona Pension Stabilization Trust | Account #10952 | As of November 30, 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: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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 0.96% 3.81% 13.13% 8.13% 16.69% 12.79% -- -- 12.68% Benchmark Return 0.51% 4.01% 14.47% 12.19% 14.44% 12.05% -- -- 10.00% **Periods over 1 year are annualized.

Benchmark: 35% S&P 500 TR, 50% ICE Corp Gov & Mtg Index, 15% MSCI EAFE NR Account Summary
End Values as of
10/31/2025
End Values as of
11/30/2025
Market Value 58,619,026.87 59,184,079.91
Accrued Interest 0.00 0.00
Total Market Value 58,619,026.87 59,184,079.91
Income Earned 57,542.16 36,703.00
Cont/WD 0.00 0.00
Par 760,495.42 797,209.06
Book Value 44,495,043.57 44,531,757.21
Cost Value 44,495,043.57 44,531,757.21

TOP ISSUERS
iShares Trust - iShares Core S&P 500 33.15%
Vanguard Bond Index Funds - Vanguard 15.16%
iShares Trust - iShares Core S&P Mid 14.75%
Vanguard Index Funds - Vanguard Smal 11.69%
Vanguard Tax-Managed Funds - Vanguar 11.03%
Vanguard Specialized Funds - Vanguar 7.35%
Total 93.12%
Asset Allocation
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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 72.7 Compliant
Min % (MV) 50.0 72.7 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 9.4 Compliant
Min % (MV) 0.0 9.4 Compliant
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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 274,989.06 --

0.00%
274,989.06
274,989.06

1.00 0.00%
274,989.06

0.00 0.46%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 274,989.06 0.00%
274,989.06
274,989.06

1.00 0.00%
274,989.06

0.00 0.46%

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

54.30 0.00%
1,219,035.00

0.00 2.06%
334,127.89
NA/NA
NA 0.00
Total Emerging
Market Equity 22,450.00 0.00%
884,907.12
884,907.12

54.30 0.00%
1,219,035.00

0.00 2.06%
334,127.89 0.00

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

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

61.57 0.00%
6,526,420.00

0.00 11.03%
1,852,107.88
NA/NA
NA 0.00
Total International
Equity 106,000.00 0.00%
4,674,312.12
4,674,312.12

61.57 0.00%
6,526,420.00

0.00 11.03%
1,852,107.88 0.00

INTERNATIONAL

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

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

47.82 0.00%
1,210,563.30

0.00 2.05%
166,798.19
NA/NA
NA 0.00
Total International
Real Estate 25,315.00 0.00%
1,043,765.11
1,043,765.11

47.82 0.00%
1,210,563.30

0.00 2.05%
166,798.19 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
686.88

0.00%
19,617,292.80

0.00 33.15%
7,721,530.26
NA/NA
NA 0.00
Total Large Cap US
Equity 28,560.00 0.00%
11,895,762.54
11,895,762.54
686.88

0.00%
19,617,292.80

0.00 33.15%
7,721,530.26 0.00

MID CAP US
EQUITY
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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

66.34 0.00%
8,727,027.00

0.00 14.75%
2,304,928.71
NA/NA
NA 0.00
Total Mid Cap US
Equity 131,550.00 0.00%
6,422,098.29
6,422,098.29

66.34 0.00%
8,727,027.00

0.00 14.75%
2,304,928.71 0.00

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

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

91.34 0.00%
4,347,784.00

0.00 7.35%
204,000.45
NA/NA
NA 0.00
Total Real Estate 47,600.00 0.00%
4,143,783.55
4,143,783.55

91.34 0.00%
4,347,784.00

0.00 7.35%
204,000.45 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
258.75

0.00%
6,920,268.75

0.00 11.69%
1,776,248.56
NA/NA
NA 0.00
Total Small Cap US
Equity 26,745.00 0.00%
5,144,020.19
5,144,020.19
258.75

0.00%
6,920,268.75

0.00 11.69%
1,776,248.56 0.00

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

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

74.78 0.00%
8,973,600.00

0.00 15.16%
238,010.72
NA/NA
NA 0.00
Total US Core
Bonds 120,000.00 0.00%
8,735,589.28
8,735,589.28

74.78 0.00%
8,973,600.00

0.00 15.16%
238,010.72 0.00

US HIGH YIELD
BONDS
78468R622 SS SPDR BBG HIGH YLD BD 14,000.00 --

0.00%
1,312,529.95
1,312,529.95

97.65 0.00%
1,367,100.00

0.00 2.31%
54,570.05
NA/NA
NA 0.00
Total US High Yield
Bonds 14,000.00 0.00%
1,312,529.95
1,312,529.95

97.65 0.00%
1,367,100.00

0.00 2.31%
54,570.05 0.00
Total Portfolio 797,209.06 0.00%
44,531,757.21
44,531,757.21
296.91

0.00%
59,184,079.91

0.00 100.00%
14,652,322.70

0.00 0.00
Total Market Value
+ Accrued 59,184,079.91
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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
OTHER

TRANSACTIONS
Equity Dividend 11/05/2025 921937835 0.00 VANGUARD TOT BD ETF 0.00% 29,235.72 0.00 29,235.72 0.00 Equity Dividend 11/06/2025 78468R622 0.00 SS SPDR BBG HIGH YLD BD 0.00% 7,467.28 0.00 7,467.28 0.00
Total Equity
Dividend 0.00 36,703.00 0.00 36,703.00 0.00
Other Income 11/15/2025 CCYUSD 0.38 Cash 0.00% 0.38 0.00 0.38 0.00 Other Income 11/15/2025 CCYUSD 10.26 Cash 0.00% 10.26 0.00 10.26 0.00 Total Other
Income 10.64 10.64 0.00 10.64 0.00

TOTAL OTHER
TRANSACTIONS 10.64 36,713.64 0.00 36,713.64 0.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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
274,989.06
238,275.42

0.00 0.00
274,989.06

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 274,989.06
238,275.42

0.00 0.00
274,989.06

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
11,895,762.54

0.00 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 SS SPDR BBG HIGH YLD BD
14,000.00
1,312,529.95

0.00 0.00
1,312,529.95

0.00 7,467.28

0.00 7,467.28

0.00 0.00

0.00 7,467.28
7,467.28
921937835 VANGUARD TOT BD ETF
120,000.00
8,735,589.28

0.00 0.00
8,735,589.28

0.00 29,235.72

0.00 29,235.72

0.00 0.00

0.00 29,235.72
29,235.72
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: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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
5,144,020.19

0.00 0.00
5,144,020.19

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Equity 522,220.00
44,256,768.15

0.00 0.00
44,256,768.15

0.00 36,703.00

0.00 36,703.00

0.00 0.00

0.00 36,703.00 36,703.00
TOTAL PORTFOLIO 797,209.06
44,495,043.57

0.00 0.00
44,531,757.21

0.00 36,703.00

0.00 36,703.00

0.00 0.00

0.00 36,703.00 36,703.00
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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 DECEMBER 2025
12/03/2025 Equity Dividend 921937835 120,000.00 VANGUARD TOT BD ETF 28,628.64 28,628.64 12/04/2025 Equity Dividend 78468R622 14,000.00 SS SPDR BBG HIGH YLD BD 7,390.52 7,390.52 December 2025
Total 36,019.16 36,019.16
Grand Total 134,000.00 36,019.16 36,019.16
Docusign Envelope ID: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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 November 30, 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: 5904D448-D49D-4E3D-8331-21E74C45CEE0

Execution Time: 12/02/2025 05:50:45 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: 5904D448-D49D-4E3D-8331-21E74C45CEE0

DATE: 01/21/2026
TO: Honorable Mayor and City Council Members
FROM: Finance Department
2026-28

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 NOVEMBER 2025
RECOMMENDED ACTION:

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

M E M O R A N D U M
January 21, 2026
TO: City Clerk
FROM: Kim Sitton
Finance Director

SUBJECT: Monthly Fiscal Report, November 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 November 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: 481997FF-2F4B-496C-81E2-E2BA5E77CFAF

BEGINNING ENDING

DESCRIPTION BALANCE RECEIPTS DISBURSEMENTS BALANCE
Balance Per Bank - Bank of America $ 6,948,861.45 $ 89,100,405.59 $ 88,202,179.94 $ 7,847,087.10 Deposits in Transit 1,060,922.34 1,060,922.34 986,074.04 Outstanding Checks (3,071,026.18) 2,004,394.99 (2,004,394.99) Fiscal Agents 126,194,209.84 20,944,069.65 110,781,962.02 Developer Escrow Accounts 2,529,523.58
986,074.04
3,071,026.18
5,531,821.83
2,529,523.58
Investments
Chandler Investment- City Account 395,932,916.69 8,439,090.31 26,800,549.58 377,571,457.42 Chandler Investment -Pension Trust Fund 44,495,043.57 36,713.64 44,531,757.21 LAIF 39,352,170.88 36,800,000.00 33,100,000.00 43,052,170.88 Investments Subtotal 479,780,131.14 45,275,803.95 59,900,549.58 465,155,385.51 Change Fund 10,248.00 10,248.00
Returned Checks 47,062.32 34,568.44 46,342.56 35,288.20 Credit Card Reconciling Items- Fees (2,822.56) 2,822.56 2,427.21 (2,427.21) TOTAL $ 613,497,109.93 $ 144,002,522.59 $ 172,160,886.27 $ 585,338,746.25 * For informational purpose only

CITY OF CORONA
Receipts and Disbursements*
November 30, 2025
Docusign Envelope ID: 481997FF-2F4B-496C-81E2-E2BA5E77CFAF

ENDING DEPOSITS OUTSTANDING MISCELLANEOUS RECONCILED

ACCOUNTS BANK BAL IN TRANSIT CHECKS RECONCILING ITEMS BALANCES LAIF 43,052,170.88 $ $ 43,052,170.88
Chandler Investment- City Account $ 377,571,457.42 $ 377,571,457.42 Chandler Investment -Pension Trust Fund $ 44,531,757.21 $ 44,531,757.21 Investment Total 465,155,385.51 465,155,385.51
General Account - Bank of America 7,354,708.65 799,806.42 (1,825,748.92) 32,860.99 6,361,627.14 Worker's Comp Account - Bank of America 492,378.45 186,267.62 (178,646.07) 500,000.00 Fiscal Agent Accounts 110,781,962.02 110,781,962.02
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 $ 586,324,206.21 $ 986,074.04 $ (2,004,394.99) $ 32,860.99 $ 585,338,746.25 Subject to final audit

CITY OF CORONA
Cash and Investment Status Report
November 30, 2025
Docusign Envelope ID: 481997FF-2F4B-496C-81E2-E2BA5E77CFAF

General Fund $ 202,256,077.87
Special Revenue Funds
Gas Tax 15,549,719.58
Measure A 18,963,123.97
Trip Reduction 2,251,160.28
Asset Forfeiture 426,232.69
Development 33,063,456.46
Residential Refuse/Recycling 16,206.44
Landscape and Streetlight Maintenance 27,348,494.54
Other Grants and Endowments 10,251,432.26 107,869,826.22 Debt Service Funds
Public Financing Authority 5,944.31 5,944.31
Capital Project Funds
Housing/Community Development (1,253,535.57)
Planned Local Drainage 43,232.17
Other Grants (32,288,260.09)
Public Facility Project (176,351.00)
Corona Housing Authority 14,956,549.97 (18,718,364.52)
Enterprise Funds
Water Utility 90,307,667.59
Water Reclamation Utility 84,508,308.23
Transit 562,216.50
Electric Utility 34,413,002.11
Airport 2,224,401.21 212,015,595.64
Internal Service Funds
Fleet Operations 546,317.37
Workers' Compensation 23,456,731.73
Liability Risk 2,667,482.33
Warehouse Services 1,080,933.66
Information Technology 9,874,187.92 37,625,653.01
Fiduciary Funds
AD & CFD Bond Funds 38,657,347.11
AB109 PACT -
Successor Agency 5,626,666.61 44,284,013.72
Total All Funds $ 585,338,746.25
Subject to final audit

CITY OF CORONA
Cash Balance By Fund
November 30, 2025
Docusign Envelope ID: 481997FF-2F4B-496C-81E2-E2BA5E77CFAF

MARKET BOOK PERCENT OF

INVESTMENTS PAR VALUE VALUE VALUE PORTFOLIO
ABS 43,980,000.00 41,983,677.26 41,576,076.96 8.94%
Agency 6,500,000.00 6,559,072.00 6,480,115.00 1.39%
CMO 47,415,000.00 46,610,242.45 44,989,357.15 9.67%
Pension Trust 797,209.06 59,184,079.91 44,531,757.21 9.57% Receivable 952,615.54 952,615.54 952,615.54 0.20%
Corporate 101,337,000.00 101,955,279.24 100,311,121.44 21.57% LAIF 43,052,170.88 43,052,170.88 43,052,170.88 9.26%
Money Market Fund FI 2,878,587.00 2,878,587.00 2,878,587.00 0.62% Municipal Bonds 4,395,000.00 4,512,430.01 4,418,161.65 0.95% Supranational 15,390,000.00 15,449,052.96 15,272,173.80 3.28% US Treasury 161,370,000.00 163,224,380.52 160,693,248.88 34.55% TOTAL PORTFOLIO $ 428,067,582.48 486,361,587.77 $ 465,155,385.51 100.00% Subject to final audit

CITY OF CORONA
Investment Portfolio Report
November 30, 2025
Docusign Envelope ID: 481997FF-2F4B-496C-81E2-E2BA5E77CFAF

DATE: 01/21/2026
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
2026-25

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

PROFESSIONAL SERVICES AGREEMENT WITH MICHAEL BAKER INTERNATIONAL

FOR DESIGN AND CONSTRUCTION SUPPORT SERVICES FOR THE CORONA MASTER DRAINAGE PLAN (MDP) LINE 5, ALONG RAILROAD STREET BETWEEN

SHERMAN AVENUE AND JENKS DRIVE, CAPITAL IMPROVEMENT PROJECT EXECUTIVE SUMMARY:

This staff report asks the City Council to approve the Professional Services Agreement with Michael Baker International, in the amount of $389,929 for the design and construction support services for the Corona MDP Line 5, Capital Improvement Project No. ST-2025-03. Completion of the project will minimize street flooding from Sherman Avenue by expanding the storm drain by extending the line westward along Railroad Street and connecting to an existing drain line at Jenks Drive.

RECOMMENDED ACTION:

That the City Council:
a. Award Request for Proposal No. 25-075AT to Michael Baker International, for design and construction support services for the Corona MDP Line 5, Capital Improvement Project No. ST-2025-03.
b. Approve the Professional Services Agreement with Michael Baker International, for design and construction support services for the Corona MDP Line 5, Capital

Improvement Project No. ST-2025-03 in the amount of $389,929, and waive any minor irregularities in the proposal.
c. Authorize the City Manager, or his designee, to execute a Professional Services Agreement with Michael Baker International in the amount of $389,929, including any non-substantive extensions, change orders, purchase orders, and amendments up to 10% or $38,993.

BACKGROUND & HISTORY:

Prior to 2020, the City of Corona (City) was awarded funding from the Riverside County Flood Control and Water Conservation District (District) for the Master Drainage Plan (MDP) Line 5 project. The project was reprioritized, and staff identified the need for additional funding to address increased labor and material costs. In October 2023, the City requested additional funding for Fiscal Year 2024–25, which the District approved through a Funding/Cooperative Agreement (Agreement No. 2-0-00280). That request was later approved by City Council on October 2, 2024, to fully fund the design and construction of the project. Based on the recently completed Storm Drain Master Plan, the City proposed refinements to the project scope to better align with updated drainage analysis, which were reviewed and approved by the District.

The project includes the design of approximately 2,600 linear feet of underground storm drain improvements to collect runoff from Sherman Avenue, along Railroad Street, and extend westerly to Jenks Drive, where it will connect to an existing City-owned storm drain system. The improvements will enhance flood protection for businesses along Sherman Avenue and Railroad Street, including installing new storm drain pipelines and the upsizing of existing facilities in accordance with the Storm Drain Master Plan. Operation and maintenance responsibilities will be shared between the City and the District based on the respective sizing and ownership of the storm drain facilities.

ANALYSIS:

Request for Proposals (RFP) 25-075AT for design engineering services for the Corona MDP Line 5 Project was advertised on July 21, 2025, pursuant to Corona Municipal Code Section 3.08.110 Non-Public Projects formal bidding procedure, which included posting the RFP on the City’s bidding portal, PlanetBids. A total of 733 PlanetBids Network vendors and 700 City of Corona vendors were notified. On August 25, 2025, seven (7) qualified proposals were received. The following is a summary of the top three proposal evaluation results:

Firm Location Evaluation Ranking
Michael Baker International, Inc. Temecula, CA 1
Albert A. Webb Associates Riverside, CA 2

EXP US Services, Inc. Riverside, CA 3
J Smith & T. Muli Inc. Mission Viejo, CA 4
Proactive Engineering Consultants,
Inc.

Corona, CA 5
WestLAND Group, Inc. Rancho
Cucamonga, CA
6 TKE Engineering, Inc. Riverside, CA 7
Based on the proposal evaluation analysis, which scores the consultant on categories such as qualifications, competency, and project understanding, Michael Baker International’s team has the required skills, experience, and staffing to execute the project's scope of work. With the Council’s approval, the design is anticipated to be completed by winter 2026, and construction to begin in Spring 2027, lasting approximately one year.

FINANCIAL IMPACT:

Funding for the recommended actions is available in the Corona MDP Line 5, Capital Improvement Project No. ST-2025-03 within the Public Works Grants/Agreements Fund 243. The Riverside County Flood Control & Water Conservation District has granted funding for the project.

The design and engineering services cost is outlined as follows:

Consultant
……………………………………………………………………………………………….
$389,929
Contingency (10%)
….……………………………………………………….............................. $38,993 Total Costs
………………………………………………………………….…….………………… $428,922
ENVIRONMENTAL ANALYSIS:

These actions are categorically 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 approval of a professional services agreement. Therefore, no environmental analysis is required currently. After approval of the recommended actions herein, staff will proceed with this project's design and environmental document phase. Any applicable documentation will be prepared and filed at that time.

PREPARED BY: HONGZHI QILIN, ASSOCIATE ENGINEER

REVIEWED BY: SAVAT KHAMPHOU, PUBLIC WORKS DIRECTOR
ATTACHMENTS:

1. Exhibit 1 - Location Map

2. Exhibit 2 – Professional Services Agreement

BRADFORD CI

N SHERMAN AV

N SMITH AV

RAILROAD ST

RAILROAD ST

N LINCOLN AV

W MAPLE ST

W RINCON ST

COMMERCE ST

N SMITH AV
OTT ST

DAVRIL CI

CITY OF CORONA
STORM DRAIN LINE 5 ®
Legend PROPOSED STORM DRAIN

LEGEND PROPOSED STORM DRAIN
EXISTING STORM DRAIN EXHIBIT 1

Y OF CORONA COR
Scope of W Page 139 of 1032
DEAND\02000.50101\1401461.18

CITY OF CORONA

PROFESSIONAL SERVICES AGREEMENT
WITH MICHAEL BAKER INTERNATIONAL, INC.
(DESIGN, PREPARATION, AND CONSTRUCTION SUPPORT SERVICES– CORONA MDP LINE 5, STAGE 1 PROJECT, PROJECT NO. ST-2025-03, RFP 25-075AT)

1. PARTIES AND DATE.

This Agreement is made and entered into this ________ day of ________________, 2026 (“Effective Date”) by and between the City of Corona, a municipal corporation organized under the laws of the State of California with its principal place of business at 400 South Vicentia Avenue, Corona, California 92882 (“City”) and Michael Baker International, Inc. a Pennsylvania corporation with its principal place of business at 500 Grand Street, Suite 5400, Pittsburgh, PA 15219 (“Consultant”). City and Consultant are sometimes individually referred to as “Party” and collectively as “Parties” in this Agreement.

2. RECITALS.

2.1 Consultant.

Consultant desires to perform and assume responsibility for the provision of certain professional services required by the City on the terms and conditions set forth in this Agreement.

Consultant represents that it is experienced in providing design, preparation, and construction support services to public clients, is licensed in the State of California, and is familiar with the plans of City.

2.2 Project.

City desires to engage Consultant to render such services for the CORONA MDP LINE 5, STAGE 1 PROJECT, PROJECT NO. ST-2025-03 (“Project”) as set forth in this Agreement.

3. TERMS.

3.1 Scope of Services and Term.

3.1.1 General Scope of Services. Consultant promises and agrees to furnish to the City all labor, materials, tools, equipment, services, and incidental and customary work necessary to fully and adequately supply the professional Design, Preparation, and Construction Support consulting services necessary for the Project (“Services”). The Services are more particularly described in Exhibit “A” attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state and federal laws, rules, and regulations.

Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18

3.1.2 Term.

3.1.2.1 Initial Term. The initial term of this Agreement shall be from provided herein. Consultant shall complete the Services within the Term of this Agreement, and shall meet any other established schedules and deadlines.

3.1.2.2 Renewal Term(s). The Parties may, by mutual, written consent, extend the Term of this Agreement one or more times by executing a written amendment pursuant to Section 3.6.8 below (each a “Renewal Term”).

3.1.2.3 Term Defined. The terms “Initial Term” and “Renewal Term” may sometimes be generally and collectively referred to as “Term” in this Agreement.

3.2 Responsibilities of Consultant.

3.2.1 Control and Payment of Subordinates; Independent Contractor. The Services shall be performed by Consultant or under its supervision. Consultant will determine the means, methods and details of performing the Services subject to the requirements of this Agreement. City retains Consultant on an independent contractor basis and not as an employee.

Consultant retains the right to perform similar or different services for others during the Term of this Agreement. Any additional personnel performing the Services under this Agreement on behalf of Consultant shall also not be employees of City and shall at all times be under Consultant’s exclusive direction and control. Consultant shall pay all wages, salaries, and other amounts due such personnel in connection with their performance of Services under this Agreement and as required by law. Consultant shall be responsible for all reports and obligations respecting such additional personnel, including, but not limited to: social security taxes, income tax withholding, unemployment insurance, disability insurance, and workers’ compensation insurance.

3.2.2 Schedule of Services. Consultant shall perform the Services within the Term of this Agreement, in accordance with the Schedule of Services set forth in Exhibit “B” attached hereto and incorporated herein by reference, and in accordance with any other completion schedule or milestones which may be separately agreed upon in writing by the Parties. Consultant represents that it has the professional and technical personnel required to perform the Services in conformance with such conditions. In order to facilitate Consultant’s conformance with the Schedule, City shall respond to Consultant’s submittals in a timely manner. Upon request of City, Consultant shall provide a more detailed schedule of anticipated performance to meet the Schedule of Services.

3.2.3 Conformance to Applicable Requirements. All Services performed by Consultant shall be subject to the approval of City.

3.2.4 Substitution of Key Personnel. Consultant has represented to City that certain key personnel will perform and coordinate the Services under this Agreement. Should one or more of such personnel become unavailable, Consultant may substitute other personnel of at Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA _____________________ to June 30, 2028 (“Initial Term”), unless earlier terminated as

DEAND\02000.50101\1401461.18
least equal competence upon written approval of City. In the event that City and Consultant cannot agree as to the substitution of key personnel, City shall be entitled to terminate this Agreement for cause. As discussed below, any personnel who fail or refuse to perform the Services in a manner acceptable to the City, or who are determined by the City to be uncooperative, incompetent, a threat to the adequate or timely completion of the Project or a threat to the safety of persons or property, shall be promptly removed from the Project by the Consultant at the request of the City.

The key personnel for performance of this Agreement are as follows:

3.2.5 City’s Representative. The City hereby designates Savat Khamphou, Public Works Director, or his or her designee, to act as its representative for the performance of this Agreement (“City’s Representative”). City’s Representative shall have the power to act on behalf of the City for all purposes under this Contract. Consultant shall not accept direction or orders from any person other than the City’s Representative or his or her designee.

3.2.6 Consultant’s Representative. Consultant hereby designates Christopher Alberts, Vice President or his or her designee, to act as its representative for the performance of this Agreement (“Consultant’s Representative”). Consultant’s Representative shall have full authority to represent and act on behalf of the Consultant for all purposes under this Agreement.

The Consultant’s Representative shall supervise and direct the Services, using his best skill and attention, and shall be responsible for all means, methods, techniques, sequences, and procedures and for the satisfactory coordination of all portions of the Services under this Agreement.

3.2.7 Coordination of Services. Consultant agrees to work closely with City staff in the performance of Services and shall be available to City’s staff, consultants and other staff at all reasonable times.

3.2.8 Standard of Care; Performance of Employees. Consultant shall perform all Services under this Agreement in a skillful and competent manner, consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California. Consultant represents and maintains that it is skilled in the professional calling necessary to perform the Services. Consultant agrees that all employees and subconsultants shall have sufficient skill and experience to perform the Services assigned to them. Finally, Consultant represents that it, its employees and subconsultants shall have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the Services, including a City Business License, and that such licenses and approvals shall be maintained throughout the Term of this Agreement. As provided for in the indemnification provisions of this Agreement, Consultant shall perform, at its own cost and expense and without reimbursement from the City, any services necessary to correct errors or omissions which are caused by the Consultant’s failure to comply with the standard of care provided for herein. Any employee of the Consultant or its sub-consultants who is determined by the City to be uncooperative, incompetent, a threat to the adequate or timely completion of the Project, a threat to the safety of persons or property, or any employee who fails or refuses to perform the Services in a manner acceptable to the City, shall be promptly removed from the Project by the Consultant and shall not be re-employed to perform any of the Services or to work on the Project.

3.2.9 Laws and Regulations; Employee/Labor Certifications. Consultant shall keep itself fully informed of and in compliance with all local, state and federal laws, rules and Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
regulations in any manner affecting the performance of the Project or the Services, including all Cal/OSHA requirements, and shall give all notices required by law. Consultant shall be liable for all violations of such laws and regulations in connection with Services. If the Consultant performs any work or Services knowing them to be contrary to such laws, rules and regulations and without giving written notice to the City, Consultant shall be solely responsible for all costs arising therefrom. Consultant shall defend, indemnify and hold City, its officials, directors, officers, employees, and agents free and harmless, pursuant to the indemnification provisions of this Agreement, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations.

3.2.9.1 Employment Eligibility; Consultant. By executing this Agreement, Consultant verifies that it fully complies with all requirements and restrictions of state and federal law respecting the employment of undocumented aliens, including, but not limited to, the Immigration Reform and Control Act of 1986, as may be amended from time to time. Such requirements and restrictions include, but are not limited to, examination and retention of documentation confirming the identity and immigration status of each employee of the Consultant.

Consultant also verifies that it has not committed a violation of any such law within the five (5) years immediately preceding the date of execution of this Agreement, and shall not violate any such law at any time during the Term of the Agreement. Consultant shall avoid any violation of any such law during the Term of this Agreement by participating in an electronic verification of work authorization program operated by the United States Department of Homeland Security, by participating in an equivalent federal work authorization program operated by the United States Department of Homeland Security to verify information of newly hired employees, or by some other legally acceptable method. Consultant shall maintain records of each such verification, and shall make them available to the City or its representatives for inspection and copy at any time during normal business hours. The City shall not be responsible for any costs or expenses related to Consultant’s compliance with the requirements provided for in Section 3.2.9 or any of its subsections.

3.2.9.2 Employment Eligibility; Subcontractors, Consultants, Subsubcontractors and Subconsultants. To the same extent and under the same conditions as Consultant, Consultant shall require all of its subcontractors, consultants, sub-subcontractors and subconsultants performing any work or Services relating to the Project or this Agreement to make the same verifications and comply with all requirements and restrictions provided for in Section

3.2.9.1. 3.2.9.3 Employment Eligibility; Failure to Comply. Each person executing this Agreement on behalf of Consultant verifies that they are a duly authorized officer of Consultant, and understands that any of the following shall be grounds for the City to terminate the Agreement for cause: (1) failure of Consultant or its subcontractors, consultants, subsubcontractors or subconsultants to meet any of the requirements provided for in Sections 3.2.9.1 or 3.2.9.2; (2) any misrepresentation or material omission concerning compliance with such requirements (including in those verifications provided to the Consultant under Section 3.2.9.2); or (3) failure to immediately remove from the Project any person found not to be in compliance with such requirements.

Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18

3.2.9.4 Labor Certification. By its signature hereunder, Consultant certifies that it is aware of the provisions of Section 3700 of the California Labor Code which require every employer to be insured against liability for Workers’ Compensation or to undertake self-insurance in accordance with the provisions of that Code, and agrees to comply with such provisions before commencing the performance of the Services.

3.2.9.5 Equal Opportunity Employment. Consultant represents that it is an equal opportunity employer and it shall not discriminate against any subconsultant, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination. Consultant shall also comply with all relevant provisions of City’s Minority Business Enterprise program, Affirmative Action Plan or other related programs or guidelines currently in effect or hereinafter enacted.

3.2.9.6 Air Quality. To the extent applicable, Consultant must fully comply with all applicable laws, rules and regulations in furnishing or using equipment and/or providing services, including, but not limited to, emissions limits and permitting requirements imposed by the South Coast Air Quality Management District (SCAQMD) and/or California Air Resources Board (CARB). Although the SCAQMD and CARB limits and requirements are more broad, Consultant shall specifically be aware of their application to "portable equipment", which definition is considered by SCAQMD and CARB to include any item of equipment with a fuelpowered engine. Consultant shall indemnify City against any fines or penalties imposed by SCAQMD, CARB, or any other governmental or regulatory agency for violations of applicable laws, rules and/or regulations by Consultant, its subconsultants, or others for whom Consultant is responsible under its indemnity obligations provided for in this Agreement.

3.2.10 Insurance.

3.2.10.1 Time for Compliance. Before Consultant commences any Services under this Agreement, Consultant shall provide evidence satisfactory to the City that it has secured all insurance required under this section. Failure to provide and maintain all required insurance shall be grounds for the City to terminate this Agreement for cause.

3.2.10.2 Minimum Requirements. Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants.

Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:
(A) Minimum Scope of Insurance. Coverage shall be at least as broad as the latest version of the following: (1) General Liability: Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001); (2) Automobile Liability:

Insurance Services Office Business Auto Coverage form number CA 0001, code 1 (any auto), or if Consultant has no owned autos, Code 8 (hired) and 9 (non-owned); and (3) Workers’ Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Compensation and Employer’s Liability: Workers’ Compensation insurance as required by the State of California and Employer’s Liability Insurance. (B) Minimum Limits of Insurance. Consultant shall maintain limits no less than: (1) General Liability: $1,000,000 minimum per occurrence for bodily injury, personal injury, advertising injury and property damage. If Commercial General Liability Insurance or other form with general aggregate limit is used including, but not limited to, form CG 2503, either the general aggregate limit shall apply separately to this Agreement/location or the general aggregate limit shall be twice the required occurrence limit; (2) Automobile Liability:
$1,000,000 per accident for bodily injury and property damage; and (3) Workers’ Compensation and Employer’s Liability: Workers’ Compensation limits as required by the Labor Code of the State of California. Employer’s Liability limits of $1,000,000 per accident for bodily injury or disease.

3.2.10.3 Professional Liability. Consultant shall procure and maintain, and require its sub-consultants to procure and maintain, for a period of five (5) years following completion of the Project, errors and omissions liability insurance appropriate to their profession. Such insurance shall be in an amount not less than $1,000,000 per occurrence or claim, $2,000,000 aggregate.

3.2.10.4 Insurance Endorsements. The insurance policies shall contain or be endorsed (amended) to include the following provisions:
(A) General Liability. The general liability policy shall state that: (1) the City, its directors, officials, officers, employees, agents, and volunteers shall be covered as additional insured with respect to liability arising out of work or operations performed by or on behalf of the Consultant, including materials, parts or equipment furnished in connection therewith (the endorsement form shall be at least as broad as ISO Form CG 20 10 11 85 or both CG 20 37 and one of the following: CG 20 10, CG 20 26, CG 20 33 or CG 20 38); and (2) the insurance coverage shall be primary insurance coverage as respects the City, its directors, officials, officers, employees, agents, and volunteers (the endorsement form shall be at least as broad as ISO CG 20 01 04 13). Any insurance or self-insurance maintained by the City, its directors, officials, officers, employees, agents, and volunteers shall be excess of the Consultant’s insurance and shall not be called upon to contribute with it in any way.
(B) Waiver of Subrogation – Workers’ Compensation and
Employer’s Liability Coverage. The insurer shall agree to waive all rights of subrogation against the City, its directors, officials, officers, employees, agents, and volunteers for losses paid under the terms of the insurance policy which arise from work or Services performed by the Consultant. (C) All Coverages. If Consultant maintains broader coverage and/or higher limits than the minimums shown above, the City is entitled to the broader coverage and/or higher limits maintained by Consultant. Thus, any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.

3.2.10.5 Other Provisions; Endorsements Preferred. Consultant shall endeavor to provide endorsements regarding the following provisions, but nonetheless Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
understands, acknowledges and agrees that the following provisions shall apply and that failure to comply shall be considered to be a breach of this Agreement by Consultant:
(A) Waiver of Subrogation – All Other Policies. Consultant hereby waives all rights of subrogation any insurer of Consultant’s may acquire against the City, its directors, officials, officers, employees, agents, and volunteers for losses paid under the terms of any insurance policy which arise from work or Services performed by the Consultant.

Consultant understands, acknowledges and agrees that this provision is in full force and effect even if the City does not receive a waiver of subrogation endorsement from the insurer. (B) Notice. Consultant shall either: (1) require its insurer to provide thirty (30) days prior written notice to the City before coverage is suspended, voided, or canceled; or (2) notify City in writing that such notice is not available and forward any notice of such actions to the City within two (2) business days from date of receipt by Consultant. Consultant understands, acknowledges and agrees that this provision is in full force and effect even if the City does not receive a waiver of subrogation endorsement from the insurer.

3.2.10.6 Claims Made Policies. The following provisions shall apply to all policies that provide coverage on a claims-made basis: (A) the retroactive date must be shown and must be before the date on which any Services under this Agreement commence; (B) the insurance must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the Project; and (C) if coverage is canceled or not renewed and is not replaced with another claims-made policy with a retroactive date prior to the date on which any Services under this Agreement commence, Consultant must purchase “extended reporting” coverage for a minimum of five (5) years after completion of Project.

3.2.10.7 Deductibles and Self-Insurance Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.

3.2.10.8 Acceptability of Insurers. Unless under the circumstances a different rating is otherwise acceptable to the City in its sole and absolute discretion, insurance is to be placed with insurers which are satisfactory to the City and which meet either of the following criteria : (1) an insurer with a current A.M. Best’s rating no less than A-:VII and licensed as an admitted insurance carrier in California; or (2) an insurer with a current A.M. Best’s rating no less than A-:X and authorized to issue the required policies in California.

3.2.10.9 Verification of Coverage (Initially & Annually). Consultant shall furnish City with original certificates of insurance, as well as amendatory endorsements or copies of the applicable policy language effecting coverage required by this Agreement.

Consultant’s obligation herein shall be met not only with the commencement of the Initial Term, but annually as well for duration of the Agreement. The City reserves the right to require complete, certified copies of all required insurance policies, at any time.

Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18

3.2.10.10 Reporting of Claims. Consultant shall report to the City, in addition to Consultant’s insurer, any and all insurance claims submitted by Consultant in connection with the Services under this Agreement.

3.2.10.11 Sub-Consultants. All sub-consultants shall comply with each and every insurance provision of this Section 3.2.10. Consultant shall therefore not allow any sub-consultant to commence work on any subcontract to perform any part of the Services until it has provided evidence satisfactory to the City that the sub-consultant has secured all insurance required under this Agreement.

3.2.10.12 Special Risk or Circumstances. The City reserves the right, in its sole and absolute discretion, to modify the requirements of this Section 3.2.10, including limits, based on any of the following: (A) the nature of the risk of the Services; (B) the prior experience of the insured; (C) the rating or other quality or characteristic of the insurer; (D) any special or unique coverage issues; and (E) any other special or unique circumstances.

3.2.11 Safety. Consultant shall execute and maintain its work and Services so as to avoid injury or damage to any person or property. In carrying out its Services, the Consultant shall at all times be in compliance with all applicable local, state and federal laws, rules and regulations, and shall exercise all necessary precautions for the safety of employees appropriate to the nature of the Services and the conditions under which the Services are to be performed.

3.2.12 Payment Bond. The California Department of Industrial Relations (“DIR”) has communicated to the City that there is a possibility that a payment bond may be required for certain services provided in connection with a public works project. Since such a requirement is currently contrary to the industry standard for the services provided by Consultant under this Agreement and since there is no direct legal authority for this position, the City is not requiring Consultant to provide a payment bond at this time. However, the City hereby reserves the right to require the Consultant to obtain and provide a payment bond for some or all of the Project provided by the Consultant under this Agreement.

If the City determines that a payment bond is required for the Project pursuant to Civil Code Section 9550 or any other applicable law, rule or regulation, Consultant shall execute and provide to City a payment bond in an amount required by the City and in a form provided or approved by the City. In the event a payment bond is required, the City agrees to compensate Consultant for all documented direct costs incurred by Consultant for such payment bond. The Parties shall memorialize the terms of such additional compensation and any other terms and conditions associated with the payment bond in an amendment to this Agreement.

3.2.13 Accounting Records. Consultant shall maintain complete and accurate records with respect to all costs and expenses incurred under this Agreement. All such records shall be clearly identifiable. Consultant shall allow a representative of City during normal business hours to examine, audit, and make transcripts or copies of such records and any other documents created pursuant to this Agreement. Consultant shall allow inspection of all work, data, documents, proceedings, and activities related to the Agreement for a period of three (3) years from the date of final payment under this Agreement.

Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18

3.3 Fees and Payments.

3.3.1 Rates & Total Compensation.

3.3.1.1 Initial Term - Rates. During the Initial Term, Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this Agreement at the rates set forth in Exhibit “C” attached hereto and incorporated herein by reference.

3.3.1.2 Renewal Term(s) - Rate Increases. Rates to be paid during any Renewal Term shall be as provided for in the written amendment(s) entered into for such Renewal Term(s).

3.3.1.3 Initial Term - Total Compensation. The total compensation paid, including authorized reimbursements, shall not exceed Three hundred eighty-nine thousand nine hundred twenty-nine dollars ($389,929.00) during the Initial Term (“Total Compensation”), without written approval of City’s Representative.

3.3.1.4 Renewal Term(s) - Total Compensation. The Total Compensation to be paid during any Renewal Term shall be as provided for in the written amendment(s) entered into for such Renewal Term(s).

3.3.1.5 Extra Work – Compensation. Extra Work may be authorized, as described below, and if authorized, will be compensated at the rates and manner set forth in this Agreement.

3.3.2 Payment of Compensation. Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant.

The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

3.3.3 Reimbursement for Expenses. Consultant shall not be reimbursed for any expenses unless authorized in writing by City.

3.3.4 Extra Work. At any time during the Term of this Agreement, City may request that Consultant perform Extra Work. As used herein, “Extra Work” means any work which is determined by City to be necessary for the proper completion of the Project, but which the Parties did not reasonably anticipate would be necessary at the execution of this Agreement.

Consultant shall not perform, nor be compensated for, Extra Work without written authorization from City’s Representative.

3.3.5 Prevailing Wages. Consultant is aware of the requirements of Chapter 1 (beginning at Section 1720 et seq.) of Part 7 of Division 2 of the California Labor Code, as well as Title 8, Section 16000 et seq. of the California Code of Regulations (“Prevailing Wage Laws”), which require the payment of prevailing wage rates and the performance of other requirements on Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
“public works” and “maintenance” projects. If the Services are being performed as part of an applicable “public works” or “maintenance” project, as defined by the Prevailing Wage Laws, and if the Total Compensation is $1,000 or more, Consultant and its subconsultants shall fully comply with the Prevailing Wage Laws for their employees and any others to whom such laws are applicable. Consultant and its subconsultants shall also be responsible for any and all violations and fines imposed on them pursuant to the Prevailing Wage Laws. Pursuant to SB 854, which amended the Prevailing Wage Laws, this Agreement would also be subject to compliance monitoring and enforcement by the California Department of Industrial Relations (“DIR”). Beginning April 1, 2015, no consultant or subconsultant may be awarded this Agreement unless registered with the DIR pursuant to Labor Code Section 1725.5. The City will report all necessary agreements to the DIR as required by the Prevailing Wage Laws. Consultant shall make copies of the prevailing rates of per diem wages for each craft, classification or type of worker needed to execute the Services available to interested parties upon request, and shall post copies at the Consultant’s principal place of business and at the Project site. It is most efficient for the Consultant to obtain a copy of the prevailing wages in effect at the commencement of this Agreement from the website of the Division of Labor Statistics and Research of the DIR located at www.dir.ca.gov/dlsr/. In the alternative, Consultant may obtain a copy of the prevailing wages from the City’s Representative. Consultant shall defend, indemnify and hold the City, its elected officials, officers, employees and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws.

3.3.6 Apprenticeable Crafts. If the Project is being performed as part of an applicable “public works” or “maintenance” project, as defined by the Prevailing Wage Laws, Consultant shall comply with the provisions of Section 1777.5 of the California Labor Code with respect to the employment of properly registered apprentices upon public works when Consultant employs workmen in an apprenticeable craft or trade. The primary responsibility for compliance with said section for all apprenticeable occupations shall be with Consultant.

3.4 Termination of Agreement.

3.4.1 Grounds for Termination. City may, by written notice to Consultant, terminate the whole or any part of this Agreement at any time and without cause by giving written notice to Consultant of such termination, and specifying the effective date thereof, at least seven (7) days before the effective date of such termination. Upon termination, Consultant shall be compensated only for those Services which have been adequately rendered to City, as well as any authorized reimbursable expenses, and Consultant shall be entitled to no further compensation.

Consultant may not terminate this Agreement except for cause.

3.4.2 Effect of Termination. If this Agreement is terminated as provided herein, City may require Consultant to provide all finished or unfinished Documents and Data and other information of any kind prepared by Consultant in connection with the performance of Services under this Agreement. Consultant shall be required to provide such document and other information within fifteen (15) days of the request.

Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18

3.4.3 Additional Services. In the event this Agreement is terminated in whole or in part as provided herein, City may procure, upon such terms and in such manner as it may determine appropriate, services similar to those terminated.

3.5 Ownership of Materials and Confidentiality.

3.5.1 Documents & Data; Licensing of Intellectual Property. This Agreement creates a non-exclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically, electronically or otherwise recorded or stored, which are prepared or caused to be prepared by Consultant under this Agreement (“Documents & Data”). All Documents & Data shall be and remain the property of City, and shall not be used in whole or in substantial part by Consultant on other projects without the City's express written permission. Within thirty (30) days following the completion, suspension, abandonment or termination of this Agreement, Consultant shall provide to City reproducible copies of all Documents & Data, in a form and amount required by City. City reserves the right to select the method of document reproduction and to establish where the reproduction will be accomplished. The reproduction expense shall be borne by City at the actual cost of duplication. In the event of a dispute regarding the amount of compensation to which the Consultant is entitled under the termination provisions of this Agreement, Consultant shall provide all Documents & Data to City upon payment of the undisputed amount. Consultant shall have no right to retain or fail to provide to City any such documents pending resolution of the dispute. In addition, Consultant shall retain copies of all Documents & Data on file for a minimum of five (5) years following completion of the Project, and shall make copies available to City upon the payment of actual reasonable duplication costs. In addition, before destroying the Documents & Data following this retention period, Consultant shall make a reasonable effort to notify City and provide City with the opportunity to obtain the documents.

3.5.2 Subconsultants. Consultant shall require all subconsultants to agree in writing that City is granted a non-exclusive and perpetual license for any Documents & Data the subconsultant prepares under this Agreement. Consultant represents and warrants that Consultant has the legal right to license any and all Documents & Data. Consultant makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Consultant or its subconsultants, or those provided to Consultant by the City.

3.5.3 Right to Use. City shall not be limited in any way in its use or reuse of the Documents and Data or any part of them at any time for purposes of this Project or another project, provided that any such use not within the purposes intended by this Agreement or on a project other than this Project without employing the services of Consultant shall be at City’s sole risk. If City uses or reuses the Documents & Data on any project other than this Project, it shall remove the Consultant’s seal from the Documents & Data and indemnify and hold harmless Consultant and its officers, directors, agents and employees from claims arising out of the negligent use or reuse of the Documents & Data on such other project. Consultant shall be responsible and liable for its Documents & Data, pursuant to the terms of this Agreement, only with respect to the condition of the Documents & Data at the time they are provided to the City upon completion, suspension, Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
abandonment or termination. Consultant shall not be responsible or liable for any revisions to the Documents & Data made by any party other than Consultant, a party for whom the Consultant is legally responsible or liable, or anyone approved by the Consultant.

3.5.4 Indemnification. Consultant shall defend, indemnify and hold the City, its directors, officials, officers, employees, volunteers and agents free and harmless, pursuant to the indemnification provisions of this Agreement, for any alleged infringement of any patent, copyright, trade secret, trade name, trademark, or any other proprietary right of any person or entity in consequence of the use on the Project by City of the Documents & Data, including any method, process, product, or concept specified or depicted.

3.5.5 Confidentiality. All Documents & Data, either created by or provided to Consultant in connection with the performance of this Agreement, shall be held confidential by Consultant. All Documents & Data shall not, without the prior written consent of City, be used or reproduced by Consultant for any purposes other than the performance of the Services. Consultant shall not disclose, cause or facilitate the disclosure of the Documents & Data to any person or entity not connected with the performance of the Services or the Project. Nothing furnished to Consultant that is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultant shall not use City’s name or insignia, photographs of the Project, or any publicity pertaining to the Services or the Project in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of City.

3.6 General Provisions.

3.6.1 Delivery of Notices. All notices permitted or required under this Agreement shall be given to the respective Parties at the following address, or at such other address as the respective Parties may provide in writing for this purpose:

Consultant:

Michael Baker International, Inc.
500 Grand Street, Suite 5400
Pittsburgh, PA 15219
Attn: Christopher Alberts, Vice President
City:

City of Corona
400 South Vicentia Avenue
Corona, CA 92882
Attn: Savah Khamphou, Public Works Director
Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. Mail, first class postage prepaid and addressed to the Party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service.

Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18

3.6.2 Indemnification. To the fullest extent permitted by law, Consultant shall defend (with counsel of City’s choosing), indemnify and hold the City, its directors, officials, officers, employees, volunteers and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury of any kind, in law or equity, to property or persons, including wrongful death, to the extent arising out of, pertaining to, or incident to any alleged willful misconduct or negligent acts, errors or omissions of Consultant, its officials, officers, employees, subcontractors, consultants or agents in connection with the performance of the Consultant’s Services, the Project or this Agreement, including without limitation the payment of all settlement amounts, expert witness fees and attorneys fees and other related costs and expenses. Notwithstanding the foregoing, to the extent Consultant's Services are subject to Civil Code Section 2782.8, the above indemnity shall be limited, to the extent required by Civil Code Section 2782.8, to claims that arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of the Consultant. Consultant’s obligation to indemnify shall survive expiration or termination of this Agreement, and shall not be restricted to insurance proceeds, if any, received by the City, its directors, officials officers, employees, agents, or volunteers.

3.6.3 Governing Law; Government Code Claim Compliance. This Agreement shall be governed by the laws of the State of California. Venue shall be in Riverside County. In addition to any and all contract requirements pertaining to notices of and requests for compensation or payment for extra work, disputed work, claims and/or changed conditions, Consultant must comply with the claim procedures set forth in Government Code Sections 900 et seq. prior to filing any lawsuit against the City. Such Government Code claims and any subsequent lawsuit based upon the Government Code claims shall be limited to those matters that remain unresolved after all procedures pertaining to extra work, disputed work, claims, and/or changed conditions have been followed by Consultant. If no such Government Code claim is submitted, or if any prerequisite contractual requirements are not otherwise satisfied as specified herein, Consultant shall be barred from bringing and maintaining a valid lawsuit against the City.

3.6.4 Time of Essence. Time is of the essence for each and every provision of this Agreement.

3.6.5 City’s Right to Employ Other Consultants. City reserves right to employ other consultants in connection with this Project.

3.6.6 Successors and Assigns. This Agreement shall be binding on the successors and assigns of the Parties.

3.6.6.1 Subconsultants; Assignment or Transfer. Consultant shall not subcontract any portion of the Services required under this Agreement, except as expressly authorized herein, without the prior written approval of the City. Subcontracts, if any, shall include a provision making them subject to all provisions of this Agreement. Consultant shall also not assign, hypothecate or transfer, either directly or by operation of law, this Agreement or any interest herein without the prior written consent of the City. Any attempt to subcontract or take any other action not authorized herein shall be null and void, and any subconsultants, assignees, hypothecates or transferees shall acquire no right or interest by reason of such action.

Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18

3.6.7 Construction; References; Captions. Since the Parties or their agents have participated fully in the preparation of this Agreement, the language of this Agreement shall be construed simply, according to its fair meaning, and not strictly for or against any Party. Any term referencing time, days or period for performance shall be deemed calendar days and not work days.

All references to Consultant include all personnel, employees, agents, and subconsultants of Consultant, except as otherwise specified in this Agreement. All references to City include its elected officials, officers, employees, agents, and volunteers except as otherwise specified in this Agreement. The captions of the various articles and paragraphs are for convenience and ease of reference only, and do not define, limit, augment, or describe the scope, content or intent of this Agreement.

3.6.8 Amendment; Modification. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties.

3.6.9 Waiver. No waiver of any default shall constitute a waiver of any other default or breach, whether of the same or other covenant or condition. No waiver, benefit, privilege, or service voluntarily given or performed by a Party shall give the other Party any contractual rights by custom, estoppel or otherwise.

3.6.10 No Third Party Beneficiaries. Except to the extent expressly provided for in Section 3.6.6, there are no intended third party beneficiaries of any right or obligation assumed by the Parties.

3.6.11 Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.

3.6.12 Prohibited Interests. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. Consultant further agrees to file, or shall cause its employees or subconsultants to file, a Statement of Economic Interest with the City’s Filing Officer as required under state law in the performance of the Services. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the Term of this Agreement, no member, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

3.6.13 Cooperation; Further Acts. The Parties shall fully cooperate with one another, and shall take any additional acts or sign any additional documents as may be necessary, appropriate or convenient to attain the purposes of this Agreement.

3.6.14 Attorney’s Fees. If either Party commences an action against the other Party, either legal, administrative or otherwise, arising out of or in connection with this Agreement, Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
the prevailing Party in such litigation shall be entitled to have and recover from the losing Party reasonable attorney’s fees and all other costs of such action.

3.6.15 Authority to Enter Agreement. Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and bind each respective Party.

3.6.16 Counterparts. This Agreement may be signed in counterparts, each of which shall constitute an original.

3.6.17 Entire Agreement. This Agreement contains the entire Agreement of the Parties with respect to the subject matter hereof, and supersedes all prior negotiations, understandings or agreements. This Agreement may only be modified by a writing signed by both Parties.
[SIGNATURES ON NEXT 2 PAGES]
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
CITY’S SIGNATURE PAGE FOR

CITY OF CORONA

PROFESSIONAL SERVICES AGREEMENT
WITH MICHAEL BAKER INTERNATIONAL, INC.
(DESIGN, PREPARATION, AND CONSTRUCTION SUPPORT SERVICES– CORONA MDP LINE 5, STAGE 1 PROJECT, PROJECT NO. ST-2025-03, RFP 25-075AT) IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the date first written above.

CITY OF CORONA
By: _________________________
Savat Khamphou
Public Works Director
Reviewed By: _________________________
Javier Luna
CIP Manager
Reviewed By: _________________________
Keegan Olds
CIP Supervisor
Reviewed By: _________________________
Hongzhi Qilin
Associate Engineer
Reviewed By: _________________________
Nicole McDaniel
Assistant to City Manager/Acting Purchasing Manager
Attest:
_________________________
Sylvia Edwards, City Clerk
City of Corona, California
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
CONSULTANT’S SIGNATURE PAGE FOR

CITY OF CORONA

PROFESSIONAL SERVICES AGREEMENT
WITH MICHAEL BAKER INTERNATIONAL, INC.
(DESIGN, PREPARATION, AND CONSTRUCTION SUPPORT SERVICES– CORONA MDP LINE 5, STAGE 1 PROJECT, PROJECT NO. ST-2025-03, RFP 25-075AT) IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the date first written above.

MICHAEL BAKER INTERNATIONAL INC.
a Pennsylvania corporation
By: _________________________
Christopher Alberts
Vice President
By: _________________________
Trudi Lim
Assistant Secretary
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
EXHIBIT “A”

SCOPE OF SERVICES
Within this Exhibit “A” Scope of Services , the terms “Michael Baker” reference the Consultant, and the terms “C Below”, “Verdantas” reference the Sub-Consultant.

Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
EXHIBIT “B”

SCHEDULE OF SERVICES
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DEAND\02000.50101\1401461.18
EXHIBIT “C”

COMPENSATION
Docusign Envelope ID: 81FE3831-32E1-4D48-89DC-6EE11040FBEA

DATE: 01/21/2026
TO: Honorable Mayor and City Council Members
FROM: Fire Department
2026-34

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

AUTHORIZE THE REFURBISHMENT OF AN EXISTING KME FIRE ENGINE (PUMPER) FROM FIRETRUCKS UNLIMITED VIA SOURCEWELL CO-OP EXECUTIVE SUMMARY:

This report seeks City Council authorization to approve the one-time refurbishment of one (1) 2006 KME relief fire engine (pumper) from Firetrucks Unlimited in an amount not to exceed $703,453. The refurbishment will bring reserve fire engine 14 into compliance with the NFPA 1910 standards and ensure fleet reliability while the Corona Fire Department pursues the acquisition of a new fire engine through a separate procurement.

This will allow the Department to maintain operational readiness and service levels without delaying or replacing plans for a new apparatus.

RECOMMENDED ACTION:

That the City Council:
a. Authorize the one-time refurbishment of one (1) existing relief KME fire engine (pumper) from Firetrucks Unlimited in an amount not to exceed $703,453. b. Authorize the City Manager, or his designee, to issue a purchase order to Firetrucks Unlimited for the refurbishment of one (1) existing relief fire engine (pumper) in an amount not to exceed $703,453, including any non-substantive

extensions, change orders, purchase orders, and amendments up to the amount authorized by Corona Municipal Code 3.08.080 (J), which is equivalent to 10% or $70,345.
c. Authorize an appropriation in an amount not to exceed $773,798 from the Fleet Replacement Fund 684 to the Vehicle Procurement-Fire Operating and Maintenance Project No. 68342.

BACKGROUND & HISTORY:

The Corona Fire Department evaluates its apparatus fleet annually, in cooperation with the Public Works Department and in accordance with industry best practices for emergency response vehicles.

Unit 63003 (Engine 14), a 2006 KME Type I relief fire engine, has been in continuous frontline and reserve service since 2007. While the apparatus remains structurally viable, its age and cumulative operational demands have resulted in increasing maintenance requirements and reliability concerns.

Given current apparatus manufacturing lead times exceeding three to four years, immediate replacement would create a gap in fleet availability. As such, staff evaluated refurbishment as a temporary, supplemental lifecycle strategy to maintain operational readiness while a new fire engine is pursued through a separate procurement process.

This evaluation does not represent a departure from the City’s long-term apparatus replacement program.

Industry standards and NFPA guidance recognize refurbishment as an effective method to extend the service life of structurally sound apparatus by restoring mechanical, electrical, and safety systems to current standards. While this recommendation applies specifically to Unit 63003, refurbishment may be evaluated in the future on a case-bycase basis where it is demonstrated to be operationally necessary and fiscally prudent, and where it complements rather than replaces the City’s established apparatus replacement strategy.

ANALYSIS:

The proposed refurbishment by Firetrucks Unlimited will be performed in accordance with NFPA 1910 – Standard for Fire Apparatus Refurbishing and includes a comprehensive overhaul of the apparatus’s mechanical, electrical, pump, body, and safety systems.

Major components include a complete engine and transmission rebuild; upgrades or replacement of drivetrain, suspension, braking, steering, HVAC, and electrical systems; pump and plumbing rebuild with certified testing; interior and cab safety improvements; body repair, corrosion mitigation, repainting, and updated reflective striping and graphics.

The refurbishment includes a one-year comprehensive warranty covering parts and workmanship. Upon completion, Engine 14 will be restored to a condition comparable to

a new engine in terms of reliability, safety, and operational capability, while retaining a familiar platform for personnel.

Unit 63003 (Engine 14) was selected following a fleetwide evaluation of mileage, structural condition, mechanical history, and lifecycle value. With 157,098 miles and a documented maintenance history, the apparatus remains within an optimal range for refurbishment and long-term serviceability. Firetrucks Unlimited identified the unit as a suitable candidate based on its structural integrity, drivetrain condition, and engine configuration, allowing for a full mechanical rebuild with reduced technical risk and greater cost certainty compared to newer platforms.

The total refurbishment cost of $703,453 is less than half the cost of a new Type I fire engine, which currently exceeds $1.4 million and carries delivery timelines of 36 to 48 months. Refurbishment will extend the unit’s service life by approximately 10 to 15 years, reduce maintenance and downtime costs, preserve fleet capacity during extended manufacturing delays, maintain firefighter safety and operational readiness, and maximize lifecycle value while a new engine is pursued through a separate procurement.

Exception to Competitive Bidding
City staff recommends that an exception to competitive bidding is warranted for this purchase pursuant to Corona Municipal Code (CMC) Section 3.08.125(A), which states "Competitive bidding already completed. When the purchasing agent and the authorized contracting party, with the approval of the City Manager, determines that:

1. A competitive bid procedure has been conducted by another public agency, including, but not limited to, another local agency, the state through the California Multiple Award Schedule (CMAS), the federal government through the General Services Administration (GSA), the U.S. Communities Government Purchasing Alliance, or the Western States Contracting Alliance (WSCA); and

2. The price to the City is equal to or better than the price to that public agency." The City pursues cooperative purchasing agreements to save time, reduce administrative costs, enhance operational efficiency, and stretch budget resources through competitively negotiated pricing. By using cooperative purchasing, the City leverages a solicitation
previously conducted by another government agency, enabling the City to take advantage of a vetted and competitively awarded contract.

Based on the bid process previously conducted by Sourcewell, the Corona Fire Department requests the approval to authorize the refurbishment of the existing Engine 14 by Firetrucks Unlimited, who was competitively awarded a contract through Sourcewell (Contract No. 120921-BLE) through a formal solicitation and evaluation process on behalf of participating agencies.

FINANCIAL IMPACT:

Approval of the recommended actions will result in an appropriation in the amount not to exceed $773,798 from the Fleet Replacement Fund 684 to the Vehicle Procurement-Fire Operating and Maintenance Project No. 68342. The refurbishment project will require a 50% deposit upon contract execution, with the remaining balance due upon completion and delivery of the apparatus. Although the Fleet Replacement Fund 684 for the Fire Department does not currently have sufficient resources to cover the full cost of the Fire Engine (Pumper), ongoing contributions to the Fleet Replacement Fund 684 will continue to accumulate, and based on current projections, the Fund will have adequate resources to cover the cost by the time final payment is due.

ENVIRONMENTAL ANALYSIS:

This action is exempt pursuant to Section 15061(b)(3) of the Guidelines for the California Environmental Quality Act (CEQA), which states that a project is exempt from CEQA if the activity is covered by the commonsense exemption that CEQA applies only to projects that have the potential for causing a significant effect on the environment. Where it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. This action involves the refurbishment of a fire engine to be incompliance with NFPA 910 standards and there is no possibility that approving this project will have a significant effect on the environment. Therefore, no environmental analysis is required.

PREPARED BY: ROBERT PETERSON, DEPUTY FIRE CHIEF
REVIEWED BY: BRIAN YOUNG, FIRE CHIEF
REVIEWED BY: SAVAT KHAMPHOU, PUBLIC WORKS DIRECTOR
ATTACHMENTS:

1. Exhibit 1 – 2006 KME Pumper – Refurbishment Contract FireTrucks Unlimited

2. Exhibit 2 – Sourcewell Brindlee Contract 101525

3. Exhibit 3 – Sourcewell Independent Dealers FireTrucks Unlimited

Unit 32526 (Asset 6303) - 2006 KME Pumper
(v3) Refurbishment Proposal
December 23, 2025
Sourcewell
Contract #101525-BLE
Prepared For:

Corona Fire Department
Prepared By:

FIRETRUCKS
UNLIMITED 1175 Center
Point Dr. Henderson, NV
89074 (702) 558-3352
FiretrucksUnlimited.com

DOUBLE THE SERVICE LIFETIME OF YOUR FIRE TRUCK FOR HALF THE PRICE OF BUYING NEW (OR LESS)!

Is your department operating on a limited budget? Do the high prices of new trucks make it hard to get everything you need to keep up with the demand? If so, we’re here to help! Our refurbishment services have helped fire departments all over the world get more of the equipment they need while saving millions of dollars. We invite you to learn how high-quality refurbished equipment will help your department achieve its public safety mission and save you a ton of money!
WHAT IS FIRE TRUCK REFURBISHMENT?
Fire truck refurbishment is a proven fleet maintenance and replacement strategy that significantly lowers your department’s overall fleet costs. The refurbishment process includes upgrading, repairing, and refinishing components of your truck to transform it into a like new condition. Upon completion, your certified refurbished truck will look and feel just like new and will be ready for another lifetime of front-line service!

HOW IT WORKS
Assessment: We provide a free assessment of your fleet and work with you to determine which trucks are good candidates for refurbishment. If your fleet doesn’t have any good candidates, we offer certified used fire trucks from our inventory that are ready for refurbishment.

Choose a Refurb Package: Choose from three refurb packages: Core, Silver or Gold. You may customize any package to meet the needs of your department.

Refurbishment: Your truck will be transported to our facility where certified EVTs will perform the refurbishment work. Rigorous quality control checks are performed at each station to ensure exceptional quality. Your Project Coordinator will be in constant contact to keep you current with the progress of your refurbishment.

Final Inspection & Delivery: Your team will visit our facility near Las Vegas to inspect the finished truck. A travel allowance may be added to your proposal upon request. We review the project scope together to ensure you are fully satisfied with the work performed before your truck returns to service. We have a network of transportation partners who can assist with the pickup and delivery of your apparatus which can be quoted separately.

Ongoing Support: You can count on Firetrucks Unlimited for support before, during and after the project. Every refurbishment comes with a one-year warranty and any issues that may arise will be immediately addressed by our support team.

WHY CHOOSE FIRETRUCKS UNLIMITED?

Best Price Guarantee
You get the most value for your money when you refurbish with Firetrucks Unlimited.

We give you the best price upfront and stick to it. We guarantee that our pricing will always be better than the OEMs.

Most Refurbishment Experience
Experience matters when it comes to your trucks! Our master EVT technicians have refurbished hundreds of trucks for fire departments all over the world, more than any other company!
Specialized Refurbishment Facilities
Our 50,000 sq. ft. facilities are specially designed for fire truck refurbishment which results in higher quality, faster turnaround, and lower costs for our customers.

Fastest Turnaround Times
You need your trucks in service, we get that! We lead the industry with the fastest turnaround times and are ready to take on your project. If you need a rental during the refurbishment process we have many units available to choose from.

Top Equipment Brands
We’re partnered with all the industry-leading equipment brands. The equipment on your refurbished truck will be the same as a new truck you buy from an OEM.

Best Warranty
You can count on Firetrucks Unlimited to support you before, during, and after the project. Your refurbished truck comes with a one-year warranty on all items in the statement of work. In addition, all warranties offered by the manufacturers of new components are extended to you. Our nationwide service capabilities ensure any warranty claims you may have will be addressed asap.

WHAT CUSTOMERS ARE SAYING

Glen Smith
Pflugerville Fire Department
“We were looking for an economical way to refresh our fleet when we heard about Firetrucks Unlimited. After speaking with their representatives and visiting with another Fire Department in our area that had trucks refurbished by FTU, we decided to move forward on two trucks. Once we visited the factory and interacted with their team our confidence grew. There we found a group of professionals dedicated to restoring trucks to a "like new" condition. We were pleased with the process and impressed with the final product - a refurbished pumper at less than half the cost of a new one. The Firetrucks Unlimited team is a first-class organization. Their customer service, operations and service personnel are a pleasure to work with and extremely responsive to our requests and needs.”
Larry Hoffman
Whatcom County Fire District No. 7
“We are extremely pleased with FTU and the job they did to completely reconfigure our 1998 Pierce Dash pumpers. The workmanship is outstanding, and the experience was top notch…The entire experience was great from the initial meeting, and bidding process to the work on all 3 units. FTU has been gracious and worked alongside us every step of the way to extend the life of our equipment.” Mark Dillon
Coolidge Fire Department
“Their sales staff and production staff are second to none. Excellent work...great communication and reasonable prices. The truck we purchased was in rough shape, but it came out looking like and operating like a new delivery vehicle.” Charles Shill
Pelham Batesville Fire Department
“The perfect solution to save money for the taxpayer and at the same time provide nice equipment for our firefighters. This fire engine has always been one of the favorite trucks for our guys to drive. Even when new fire engines were purchased, they all fell short when compared to this older truck. Firetrucks Unlimited gave us the option to have this unit refurbished and continue to serve the community and firefighters for a long time to come… The unit came out BETTER than we had imagined that it was going to be. The attention to detail and quality of the craftsmanship by the employees shows in the final product. We are looking at sending another unit to them soon.” Bret F. Scholz
Fort Mojave Mesa Fire Department