CC 01-17-2023 Searchable Packet.pdf — Cupertino City Council, January 17, 2023 (part 3 of 6)

CERTIFICATION
The Finance Manager hereby certifies to the accuracy of said records and to the availability of funds for payment.

CERTIFIED: ______________________________________________ Kristina Alfaro, Director of Administrative Services
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325 of 1241
Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Main Account - Main Checking Account
Check
731666 12/23/2022 Open Accounts Payable ABOLI JAYDEEP RANADE $195.00 Invoice Date Description Amount
121822 AJR 12/18/2022 December fitness classes $195.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$195.00
731667 12/23/2022 Open Accounts Payable ALHAMBRA $31.89 Invoice Date Description Amount
4984902 112622 11/26/2022 BOTTOM LOAD HOT AND COLD COOLER WITH

SMARTFLO
$31.89
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$31.89
731668 12/23/2022 Open Accounts Payable Anagha Kulkarni $70.00 Invoice Date Description Amount
121822 AK 12/18/2022 December fitness classes $70.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$70.00
731669 12/23/2022 Open Accounts Payable Aquatic Central $3,000.00 Invoice Date Description Amount
100003 12/15/2022 Facilities - Dec 2022 Library Aquarium Maint. $3,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,000.00
731670 12/23/2022 Open Accounts Payable AT&T $5,296.34
Invoice Date Description Amount
000019192486 12/12/2022 911 Telephone lines - 11/12/2022 - 12/11/2022 $176.53 000019182890 12/10/2022 9391051384 11/10/22-12/09/22 $1,604.64 000019191481 12/12/2022 9391023221 (408-253-9200) 11/12/22-12/11/22 $56.54 000019191483 12/12/2022 9391023223 11/12/22-12/11/22 $78.28 000019191577 12/12/2022 9391023218 (238-371-7141) 11/12/22-12/11/22 $68.96 000019191578 12/12/2022 9391023217 (237-361-8095) 11/12/22-12/11/22 $87.54 000019191579 12/12/2022 9391023216 (233-281-5494) 11/12/22-12/11/22 $70.54 000019191580 12/12/2022 9391023215 (233-281-4421) 11/12/22-12/11/22 $89.55 000019191480-0 12/12/2022 City Clerk $26.87
000019191480-1 12/12/2022 4082558166 - Service Center Admin $26.66 000019191480-2 12/12/2022 City Hall $1,369.91
000019191480-3 12/12/2022 Service Center $108.57
000019191480-4 12/12/2022 Wilson Park $26.65
000019191480-5 12/12/2022 Street Maintenance $26.97
000019191480-6 12/12/2022 Monte Vista - 0720858144 $563.59 000019191480-7 12/12/2022 BBF Golf - 0720858146 $459.44 000019191480-8 12/12/2022 BBF Park $459.44
000019191480-9 12/12/2022 0720858349 - 10229 North Portal Avenue $459.44 000019191480-10 12/12/2022 Teleconnect: BTN0720858350 $459.44 000019191480-11 12/12/2022 720858352 $563.59
user: Vi Tran Pages: 1 of 19 Saturday, December 24, 2022 Payment Register
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From Payment Date: 12/17/2022 - To Payment Date: 12/23/2022 326
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
000019191480-12 12/12/2022 Teleconnect: BTN0722762181 $563.59 000019191480-13 12/12/2022 2343448559 ($2,769.00)
000019192448-0 12/12/2022 4087771305 | | 10185 N STELLING RD - Secure FAX $16.66 000019192448-1 12/12/2022 4087771306 | | 10185 N STELLING RD - Sheriff $16.66 000019192448-2 12/12/2022 4087771307 | | 10185 N STELLING RD - Sheriff $16.66 000019192448-3 12/12/2022 4087771311 | | 22221 MC CLELLAN RD - Environmental Education Cen
$21.74
000019192448-4 12/12/2022 4087771318 | | 10555 MARY AV - Traffic Operating Center on Franc
$32.66
000019192448-5 12/12/2022 4087771331 | | 21975 SAN FERNANDO AV - BBFKiosk Alarm$17.16 000019192448-6 12/12/2022 4087771340 | | 10555 MARY AV - Alarm- Service Center
$16.79
000019192448-7 12/12/2022 4087771344 | | 21251 STEVENS CREEK BL - SEN - FAX
$16.66
000019192448-8 12/12/2022 4087771345 - CH- PG&E Meter $16.81 000019192448-9 12/12/2022 4087771346 | | 21111 STEVENS CREEK BL - SPORTS Center - HVAC Lin
$16.81
000019192448-10 12/12/2022 4087771348 | | 10555 MARY AV - Alarm- Service Center
$17.89
000019192448-11 12/12/2022 4087771355 | | 10555 MARY AV - Mechanic Shop FAX
$16.66
000019192448-12 12/12/2022 4087773102 | | 10185 N STELLING RD - Museum/Spare
$16.66
000019192448-13 12/12/2022 4087773103 | | 10185 N STELLING RD - Museum/Spare
$16.66
000019192448-14 12/12/2022 4087773109 - FAX $16.66
000019192448-15 12/12/2022 4087773112 | | 21111 STEVENS CREEK BL - SPORTS- Fire Alarm
$18.38
000019192448-16 12/12/2022 4087773113 | | 21111 STEVENS CREEK BL - SPORTS- Fire Alarm
$16.90
000019192448-17 12/12/2022 4087773137 | | 10185 N STELLING RD - FAX QCC $16.66 000019192448-18 12/12/2022 4087773143 | | 21975 SAN FERNANDO AV - BBF - Retreat Alarm
$17.66
000019192448-19 12/12/2022 4087773145 | | 21975 SAN FERNANDO AV - BBFAlarm Golf Shed$16.81 000019192448-20 12/12/2022 4087773156 | | 21251 STEVENS CREEK BL - SENFAX Work Room$16.66 000019192448-21 12/12/2022 4087773164 | | 21111 STEVENS CREEK BL - Sports Fax
$16.81
000019192448-22 12/12/2022 4087773168 | | 21111 STEVENS CREEK BL - Sports Center Elevator
$16.81
000019192448-23 12/12/2022 4087773254 | | 21975 SAN FERNANDO AV - BBF - Golf Shed
$21.74
000019192448-24 12/12/2022 4087773258 | | 21975 SAN FERNANDO AV - BBF- $ODUP&DIp
$16.66
000019192448-25 12/12/2022 4087773287 - Comm Hall - Alarm $17.88 000019192448-26 12/12/2022 4087773288 - Comm Hall - Fire Alarm $17.19 000019192448-27 12/12/2022 4087773293 - Comm Hall - Fire Alarm $16.66 000019192448-28 12/12/2022 4087773302 | | 21251 STEVENS CREEK BL - SENCredit Card Front D$16.66 user: Vi Tran Pages: 2 of 19 Saturday, December 24, 2022 Payment Register
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From Payment Date: 12/17/2022 - To Payment Date: 12/23/2022 327
CC 01-17-2023
327 of 1241
Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
000019192448-29 12/12/2022 4087773305 | | 21251 STEVENS CREEK BL - SENCredit Card Front D$16.66 000019192448-30 12/12/2022 4087773317 - CH- Finance CC VISA $16.81 000019192448-31 12/12/2022 4087773333 - CH- FAX downstairs $16.81 000019192448-32 12/12/2022 4087773365 | | 21251 STEVENS CREEK BL - RNA FAX
$16.66
000019192448-33 12/12/2022 4087773369 | | 21251 STEVENS CREEK BL - SENAlarm Line$17.96 000019192448-34 12/12/2022 4087773370 | | 21251 STEVENS CREEK BL - SENAlarm Line$16.89 000019192448-35 12/12/2022 4087773372 | | 21251 STEVENS CREEK BL - Trane Modem (HVAC)
$16.66
000019192448-36 12/12/2022 4087773387 | | 10555 MARY AV - FAX or Alarm $16.66 000019192448-37 12/12/2022 4087773388 | | 10555 MARY AV - FAX or Alarm $16.66 000019192448-38 12/12/2022 4087773399 | | 10555 MARY AV - FAX $16.89 000019192448-39 12/12/2022 4087773416 | | 21251 STEVENS CREEK BL - SENCr Card$16.66 000019192448-40 12/12/2022 4087773419 | | 21251 STEVENS CREEK BL - SENCr Card$16.66 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,621.86
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$56.54
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$146.94
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$454.34
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$16.66
731671 12/23/2022 Open Accounts Payable Bay Aerials Gymnastics $21,251.40 Invoice Date Description Amount
121822 BAG 12/18/2022 Fall 2 payment $21,251.40
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$21,251.40
731672 12/23/2022 Open Accounts Payable Bob Murray & Associates $5,000.00 Invoice Date Description Amount
9872 12/15/2022 Prof Services - Exec Recruitment for DCM $5,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,000.00
731673 12/23/2022 Open Accounts Payable Catherine Moore $2,931.97 Invoice Date Description Amount
KittyM121222 12/12/2022 IT Reimbursement Term 1 $2,931.97 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,931.97
user: Vi Tran Pages: 3 of 19 Saturday, December 24, 2022 Payment Register
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From Payment Date: 12/17/2022 - To Payment Date: 12/23/2022 328
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328 of 1241
Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
731674 12/23/2022 Open Accounts Payable COMCAST $2,213.46 Invoice Date Description Amount
3310 - 120722 12/07/2022 8155 40 065 0183310 -120722 $2,213.46 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$249.48
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$737.47
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$1,226.51
731675 12/23/2022 Open Accounts Payable County of Santa Clara $650.00 Invoice Date Description Amount
R-2022-009 12/16/2022 Exempt Filing $50.00
R-2022-015 12/16/2022 Exempt Filing $50.00
R-2022-016 12/16/2022 Exempt Filing $50.00
R-2022-023 12/16/2022 Exempt Filing $50.00
RM-2022-019 12/16/2022 Exempt Filing $50.00
RM-2022-032 12/16/2022 Exempt Filing $50.00
TR-2022-005 12/16/2022 Exempt Filing $50.00
TR-2022-023 12/16/2022 Exempt Filing $50.00
TR-2022-030 12/16/2022 Exempt Filing $50.00
TR-2022-031 12/16/2022 Exempt Filing $50.00
U-2022-001 12/16/2022 Exempt Filing $50.00
U-2022-002 12/16/2022 Exempt Filing $50.00
TR-2022-025 12/16/2022 Exempt Filing $50.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$650.00
731676 12/23/2022 Open Accounts Payable Custom Ink $501.98 Invoice Date Description Amount
60993803 11/14/2022 20x Commuter Medium Cotton Tote Bag for cupertinostore
$501.98
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$501.98
731677 12/23/2022 Open Accounts Payable DATA TICKET, INC. $25.00 Invoice Date Description Amount
144658 12/01/2022 Online access to citation processing center- October 2022
$25.00
Paying Fund Cash Account Amount
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$25.00
731678 12/23/2022 Open Accounts Payable Eco Promotional Products, Inc. $3,434.92 Invoice Date Description Amount
25984 11/30/2022 Cupertino Branded 50x Hydroflasks & 50x Journals $3,434.92 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,434.92
user: Vi Tran Pages: 4 of 19 Saturday, December 24, 2022 Payment Register
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From Payment Date: 12/17/2022 - To Payment Date: 12/23/2022 329
CC 01-17-2023
329 of 1241
Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
731679 12/23/2022 Open Accounts Payable ECS IMAGING INC $40,855.26 Invoice Date Description Amount
17378 11/30/2022 FY23 renewal LaserFiche 46x Licensing $40,855.26 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$40,855.26
731680 12/23/2022 Open Accounts Payable FHDA CCD EUPHRAT MUSEUM DE

ANZA COLLEGE
$2,284.00
Invoice Date Description Amount
EuphratFall22 12/20/2022 Euphrat Fall 2022 - Contractor Payment $2,284.00 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$2,284.00
731681 12/23/2022 Open Accounts Payable Got Gophers, Inc. $310.00 Invoice Date Description Amount
37920 11/30/2022 Trees/ROW - Nov 2022 Mary Bridge $310.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$310.00
731682 12/23/2022 Open Accounts Payable HUICHEN LIN $624.00 Invoice Date Description Amount
121822 HL 12/18/2022 December fitness classes $624.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$624.00
731683 12/23/2022 Open Accounts Payable Jerry Anderson $110.00 Invoice Date Description Amount
JerryA082622 08/26/2022 Cell Phone Reimbursement 726-8/26 $55.00 JerryA092622 09/26/2022 Cell Phone Reimbursement 8/26-9/26 $55.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$110.00
731684 12/23/2022 Open Accounts Payable LANDSCAPE FORMS, INC $22,992.64 Invoice Date Description Amount
0000165359 11/18/2022 Sports center duos- 4 trash & 4 recycling $22,992.64 Paying Fund Cash Account Amount
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$22,992.64
731685 12/23/2022 Open Accounts Payable Language Network, Inc $156.25 Invoice Date Description Amount
P3643 12/15/2022 Translation Services $156.25
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$156.25
731686 12/23/2022 Open Accounts Payable Lawson Products, Inc. $56.61 Invoice Date Description Amount
9309996370 10/06/2022 Fleet - Lynch Pin Steel, S/L Switch $56.61 Paying Fund Cash Account Amount
user: Vi Tran Pages: 5 of 19 Saturday, December 24, 2022 Payment Register
**LIVE** Cupertino **LIVE**
From Payment Date: 12/17/2022 - To Payment Date: 12/23/2022 330
CC 01-17-2023
330 of 1241
Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$56.61
731687 12/23/2022 Open Accounts Payable Li-Fen Lin $1,720.00 Invoice Date Description Amount
121822 LFL 12/18/2022 Fall class payment $1,720.00
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$1,720.00
731688 12/23/2022 Open Accounts Payable Lisa Molaro $14,632.40 Invoice Date Description Amount
LMFall2022-2 12/20/2022 Lisa Molaro Fall 2022-2 Contractor Payment $14,632.40 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$14,632.40
731689 12/23/2022 Open Accounts Payable MAMI WEBER $2,386.80 Invoice Date Description Amount
MAM_FALL22-1 12/16/2022 MAMIWEBBER_FALL22_9.9-12.16 $2,386.80 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$2,386.80
731690 12/23/2022 Open Accounts Payable MMANC $75.00
Invoice Date Description Amount
7032 12/14/2022 Membership Renewal - Kerri Heusler (through January 27, 2024)
$75.00
Paying Fund Cash Account Amount
265 - BMR Housing 265 100-100 (Cash & Investments Assets Operating Cash)
$75.00
731691 12/23/2022 Open Accounts Payable Mood Media $108.90 Invoice Date Description Amount
57192181 12/01/2022 MOOD MEDIA Recurring Services from 01-DEC-22 to 31-DEC-22
$108.90
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$108.90
731692 12/23/2022 Open Accounts Payable Napa Auto Parts $200.21 Invoice Date Description Amount
684067 11/10/2022 Fleet - SUR Fourway $20.87
685730 12/06/2022 Fleet - Multilayered Ozzy, Ozzy Juice $139.52 685694 12/06/2022 Fleet - Lamp $39.82
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$200.21
731693 12/23/2022 Open Accounts Payable O'REILLY AUTO PARTS $98.30 Invoice Date Description Amount
2591-257737 12/06/2022 Fleet - Capsule $49.15
2591-259473 12/15/2022 Fleet - Capsule $49.15
Paying Fund Cash Account Amount
user: Vi Tran Pages: 6 of 19 Saturday, December 24, 2022 Payment Register
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From Payment Date: 12/17/2022 - To Payment Date: 12/23/2022 331
CC 01-17-2023
331 of 1241
Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$98.30
731694 12/23/2022 Open Accounts Payable Operating Engineers Local Union No. 3 $1,515.08
Invoice Date Description Amount
12162022 12/16/2022 Union Dues pp 12/3/22-12/16/22 $1,515.08 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,515.08
731695 12/23/2022 Open Accounts Payable PACE Supply Corp $1,555.74 Invoice Date Description Amount
128224200 12/05/2022 Facilities - ADA Batt 1 1/2 TS ECOS SLOAN $673.58 128244872 12/13/2022 Facilities - Pipe, Coupling, Flange $882.16 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,555.74
731696 12/23/2022 Open Accounts Payable PG&E $387.68
Invoice Date Description Amount
7100-121622 12/16/2022 7166121710-0 11/7/22-12/7/22 $387.68 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$387.68
731697 12/23/2022 Open Accounts Payable REBECCA MCCORMICK $1,640.60 Invoice Date Description Amount
121822 RM 12/18/2022 Fall class payment $1,640.60
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$1,640.60
731698 12/23/2022 Open Accounts Payable Rodan Builders, Inc. $17,900.00 Invoice Date Description Amount
22-1235 12/14/2022 Grounds - Scenic Drive Bridge Plywood Replacement $17,900.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$17,900.00
731699 12/23/2022 Open Accounts Payable RPM EXTERMINATORS INC $500.00 Invoice Date Description Amount
0099092 12/12/2022 Facilities - McClellan Ranch Outside Ants $500.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$500.00
731700 12/23/2022 Open Accounts Payable SAFECHECKS $1,084.63 Invoice Date Description Amount
0542785 11/17/2022 Super Business Checks $1,084.63
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,084.63
user: Vi Tran Pages: 7 of 19 Saturday, December 24, 2022 Payment Register
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From Payment Date: 12/17/2022 - To Payment Date: 12/23/2022 332
CC 01-17-2023
332 of 1241
Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
731701 12/23/2022 Open Accounts Payable SAN JOSE WATER COMPANY $542.74 Invoice Date Description Amount
Import - 899974 11/22/2022 5122900000-8 - Portable Meter - Trees & ROW $542.74 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$542.74
731702 12/23/2022 Open Accounts Payable SAN JOSE WATER COMPANY $1,454.25 Invoice Date Description Amount
7329-10212022 10/21/2022 0645365732-9 Streets Division 9-21 to 10-21-22 $449.23 7329-11222022 11/22/2022 0645365732-9 Streets Division 10-21 to 11-22-22 $562.12 0008-10212022 10/21/2022 5122900000-8 Trees & ROW 9.21 to 10.21.22 $442.90 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$442.90
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$1,011.35
731703 12/23/2022 Open Accounts Payable Sherrill Inc. $621.95 Invoice Date Description Amount
INV-817108 12/06/2022 Trees/ROW - Replacement Blade $621.95 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$621.95
731704 12/23/2022 Open Accounts Payable SONIA DOGRA $117.00 Invoice Date Description Amount
121822 SD 12/18/2022 December fitness classes $117.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$117.00
731705 12/23/2022 Open Accounts Payable The Goodyear Tire & Rubber Company
$1,388.75
Invoice Date Description Amount
189-1109529 12/08/2022 Fleet - Tires $204.98
189-1109460 12/05/2022 Fleet - Tires $1,183.77
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$1,388.75
731706 12/23/2022 Open Accounts Payable WILBUR-ELLIS COMPANY LLC $38,112.00 Invoice Date Description Amount
15459751 11/30/2022 Trees/ROW - Safari 20 SG, Sureguard SC $33,072.39 15467162 12/06/2022 Trees/ROW - Pentra-Bark 12-1 Qt. $843.97 15467158 12/06/2022 Trees/ROW - Safari 20SG $4,195.64
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$38,112.00
731707 12/23/2022 Open Accounts Payable BLUELINE ASSOCIATES, INC. $5,000.00 Invoice Date Description Amount
316253 12/19/2022 REFUND 10050 N WOLFE RD, SUITE #240 BLD2022-0579 TCO BOND$5,000.00 user: Vi Tran Pages: 8 of 19 Saturday, December 24, 2022 Payment Register
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From Payment Date: 12/17/2022 - To Payment Date: 12/23/2022 333
CC 01-17-2023
333 of 1241
Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$5,000.00
731708 12/23/2022 Open Accounts Payable Brush, Carol $252.00 Invoice Date Description Amount
2001704.032 12/08/2022 Duarte Trip refund due to spots filled by waitlist registration
$252.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$252.00
731709 12/23/2022 Open Accounts Payable Cupertino Hsinchu Sister City Association
$300.00
Invoice Date Description Amount
2006838.030 12/15/2022 QCC- 12.5.22- Social Room Security Deposit Refund $300.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$300.00
731710 12/23/2022 Open Accounts Payable HATHAWAY DINWIDDIE

CONSTRUCTION COMPANY
$10,000.00
Invoice Date Description Amount
307940 12/16/2022 REFUND 10351 BUBB RD BLD-2021-1652 TCO BOND
$10,000.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$10,000.00
731711 12/23/2022 Open Accounts Payable PACIFIC GAS & ELECTRIC CO. (PG&E)
$964.00
Invoice Date Description Amount
GRANADOSIN121422 12/14/2022 PGE Refund $964.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$964.00
731712 12/23/2022 Open Accounts Payable Senquan Zhou $163.00 Invoice Date Description Amount
Zhou071522 07/15/2022 The applicant cancelled the application $163.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$163.00
731713 12/23/2022 Open Accounts Payable T.D. FARRELL CONSTRUCTION, INC.
$10,000.00
Invoice Date Description Amount
317773 12/16/2022 REFUND 20600 HOMESTEAD RD BLD-2022-0209

TCO BOND
$10,000.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$10,000.00
Type Check Totals: 48 Transactions $224,711.75
user: Vi Tran Pages: 9 of 19 Saturday, December 24, 2022 Payment Register
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Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
EFT
35945 12/23/2022 Open Accounts Payable Colonial Life & Accident Insurance $29.16 Invoice Date Description Amount
12162022 12/16/2022 Colonial Products pp 12/3/22-12/16/22 $29.16 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$29.16
35946 12/23/2022 Open Accounts Payable Employment Development $6,699.60 Invoice Date Description Amount
12162022 12/16/2022 State Disability Insurance pp 12/3/22-12/16/22 $6,699.60 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$6,699.60
35947 12/23/2022 Open Accounts Payable National Deferred (ROTH) $3,839.89 Invoice Date Description Amount
12162022 12/16/2022 Nationwide Roth pp 12/3/22-12/16/22 $3,839.89 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,839.89
35948 12/23/2022 Open Accounts Payable National Deferred Compensatin $22,235.46 Invoice Date Description Amount
12162022 12/16/2022 Nationwide Deferred Compensation pp 12/3/22- 12/16/22
$22,235.46
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$22,235.46
35949 12/23/2022 Open Accounts Payable PERS-457K $13,892.09 Invoice Date Description Amount
12162022 12/16/2022 PERS Deferred Comp pp 12/3/22-12/16/22 $13,892.09 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$13,892.09
35950 12/23/2022 Open Accounts Payable State Disbursement Unit $231.23 Invoice Date Description Amount
12162022 12/16/2022 Child Support pp 12/3/22-12/16/22 $231.23 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$231.23
35951 12/23/2022 Open Accounts Payable JOYFUL MELODIES $7,525.20 Invoice Date Description Amount
JOY_FALL22_1 12/16/2022 JOYFULMELODIES_SUMMER22_9.12-12.10 $7,525.20 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$7,525.20
35952 12/23/2022 Open Accounts Payable Alliant Insurance Services, Inc. $438.00 Invoice Date Description Amount
2160690 12/14/2022 2022-25 POB Kirsten Squarcia $438.00 Paying Fund Cash Account Amount
user: Vi Tran Pages: 10 of 19 Saturday, December 24, 2022 Payment Register
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$438.00
35953 12/23/2022 Open Accounts Payable Amazon Capital Services $580.16 Invoice Date Description Amount
1HXJ-R3FF-4MX3 12/19/2022 5x Logitech C920x HD Pro Webcam, Full HD 1080p/30fps Video Calli
$327.30
1VFX-YY94-TFK7 12/12/2022 1x 1 Pack Bubble Wrap & 9'' x 6'' x 4'' Shipping Boxes, $57.53 17J1-DLJ6-T9FC 12/12/2022 1x Business Prime Essentials - IT Manager Membership Fee
$195.33
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$57.53
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$522.63
35954 12/23/2022 Open Accounts Payable Amit Goel $351.00 Invoice Date Description Amount
121822 AG 12/18/2022 December fitness classes $351.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$351.00
35955 12/23/2022 Open Accounts Payable Andy Badal $165.00 Invoice Date Description Amount
AndyB 121922 12/19/2022 Andy Cell reimbursement 408-857-0630 - Aug 29, 2022 - Nov. 28, 2
$165.00
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$165.00
35956 12/23/2022 Open Accounts Payable Anna Tang-Sam $56.50 Invoice Date Description Amount
TANGSAM111522 11/15/2022 2022 CALPELRA CONFERENCE $56.50 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$56.50
35957 12/23/2022 Open Accounts Payable Avocette Technologies Inc. $13,780.00 Invoice Date Description Amount
2211CU1 11/30/2022 Accela FY23 Configuration services - Nov. 2022 $13,780.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$13,780.00
35958 12/23/2022 Open Accounts Payable B&H PHOTO-VIDEO $3,448.44 Invoice Date Description Amount
208469926 12/06/2022 Senior Ctr. A/V (Barco Clickshare) $3,448.44 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,448.44
35959 12/23/2022 Open Accounts Payable Bill Mitchell $1,317.14 Invoice Date Description Amount
BillM122022 12/20/2022 Bill Zoomtopia 2022 Registration reimbursement $300.00 user: Vi Tran Pages: 11 of 19 Saturday, December 24, 2022 Payment Register
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
BillM12202022 12/20/2022 Bill - MISAC 2022 Conference in Monterey $1,017.14 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$1,317.14
35960 12/23/2022 Open Accounts Payable CODELINKD, LLC $3,564.00 Invoice Date Description Amount
CODEL_FALL2022-1 12/16/2022 CODELINKD_FALL22_9.6-12.13 $3,564.00 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$3,564.00
35961 12/23/2022 Open Accounts Payable COLLEEN FERRIS $55.00 Invoice Date Description Amount
ColleenF111622 11/16/2022 cell phone service 10/17-11/16 $55.00 Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$55.00
35962 12/23/2022 Open Accounts Payable Community Health Charities HO $50.00 Invoice Date Description Amount
12162022 12/16/2022 Community Health Charities pp 12/3/22-12/16/22 $50.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$50.00
35963 12/23/2022 Open Accounts Payable CSG Consultants, Inc. $250.00 Invoice Date Description Amount
B222071 12/01/2022 Building Plan Review Services 11/1/2022 - 11/30/2022 $250.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$250.00
35964 12/23/2022 Open Accounts Payable Cupertino Supply, Inc $234.26 Invoice Date Description Amount
308483 12/13/2022 Trees/ROW - 1-1/2 COP CPLG, MAP/PROGAS $39.10 308449 12/13/2022 Facilities - Pipe, Plug $168.21
308822 12/16/2022 Facilities - Plastic Pipe Clamp, Closet Carrier, 2-Hole Strap
$26.95
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$234.26
35965 12/23/2022 Open Accounts Payable DAN GERTMENIAN $89,974.71 Invoice Date Description Amount
DanGFall2022 12/20/2022 Dan Gertmenian - Contractor Payment 1 $89,974.71 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$89,974.71
35966 12/23/2022 Open Accounts Payable Eflex Group, Inc $3,399.13 Invoice Date Description Amount
12162022 12/16/2022 FSA Employee Health pp 12/3/22-12/16/22 $3,399.13 Paying Fund Cash Account Amount
user: Vi Tran Pages: 12 of 19 Saturday, December 24, 2022 Payment Register
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,399.13
35967 12/23/2022 Open Accounts Payable FEHR & PEERS ASSOC INC $16,440.00 Invoice Date Description Amount
159468 10/19/2022 Main Street Transportation Review 2022/9 $6,996.25 160262 11/14/2022 Main Street Transportation Review 2022/10 $9,443.75 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$16,440.00
35968 12/23/2022 Open Accounts Payable GARDENLAND POWER

EQUIPMENT
$163.90
Invoice Date Description Amount
976351 12/13/2022 Trees/ROW - Catchy Can 30Gal $163.90
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$163.90
35969 12/23/2022 Open Accounts Payable GRACE DUVAL $968.00 Invoice Date Description Amount
121822 GD 12/18/2022 December fitness classes and PT $352.00 121822 GD QCC 12/18/2022 Fall class payment $616.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$352.00
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$616.00
35970 12/23/2022 Open Accounts Payable GRAINGER INC $593.03 Invoice Date Description Amount
9542284626 12/12/2022 Facilities - Thru The Wall Air Cond. $593.03 Paying Fund Cash Account Amount
560 - Blackberry Farm 560 100-100 (Cash & Investments Assets Operating Cash)
$593.03
35971 12/23/2022 Open Accounts Payable Granite Data Solutions $7,128.63 Invoice Date Description Amount
IN81635-1 12/09/2022 3x Dell Precision 5570 Mobile Workstation - Intel Core i7-12700
$7,128.63
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$7,128.63
35972 12/23/2022 Open Accounts Payable GYM PRECISION, INC. $225.00 Invoice Date Description Amount
18269 11/23/2022 Preventative Maintenance performed on all gym equipment
$225.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$225.00
35973 12/23/2022 Open Accounts Payable Homebase $766.99 Invoice Date Description Amount
02210 12/07/2022 CWP Homelessness Administrator 2022/11 $766.99 user: Vi Tran Pages: 13 of 19 Saturday, December 24, 2022 Payment Register
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
265 - BMR Housing 265 100-100 (Cash & Investments Assets Operating Cash)
$766.99
35974 12/23/2022 Open Accounts Payable IFPTE LOCAL 21 $2,016.57 Invoice Date Description Amount
12162022 12/16/2022 Association Dues - CEA pp 12/3/22-12/16/22 $2,016.57 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,016.57
35975 12/23/2022 Open Accounts Payable Jahara Pagadipaala $160.00 Invoice Date Description Amount
121822 JP 12/18/2022 December fitness classes $160.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$160.00
35976 12/23/2022 Open Accounts Payable JAMES COLVIN $2,236.00 Invoice Date Description Amount
121822 JC 12/18/2022 December PT $2,236.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$2,236.00
35977 12/23/2022 Open Accounts Payable JENNIFER HILL $287.00 Invoice Date Description Amount
121822 JH 12/18/2022 December fitness classes $287.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$287.00
35978 12/23/2022 Open Accounts Payable JIA THOMPSON $1,146.60 Invoice Date Description Amount
121822 JT 12/18/2022 Fall class payment $1,146.60
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$1,146.60
35979 12/23/2022 Open Accounts Payable LIANG CHAO $1,175.10 Invoice Date Description Amount
LiangC112820 11/28/2020 LiangChaoLapTopReimbursment $1,175.10 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,175.10
35980 12/23/2022 Open Accounts Payable LIFETIME TENNIS, INC. $253,855.60 Invoice Date Description Amount
122022 LTP4 12/20/2022 Payment 4 10/24 - 12/19 $253,855.60 Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$253,855.60
35981 12/23/2022 Open Accounts Payable Melisa Stoner $405.00 Invoice Date Description Amount
121822 MS 12/18/2022 December fitness classes $405.00
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$405.00
35982 12/23/2022 Open Accounts Payable MissionSquare $12,734.82 Invoice Date Description Amount
12162022 12/16/2022 ICMA Deferred Comp pp 12/3/22-12/16/22 $12,734.82 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$12,734.82
35983 12/23/2022 Open Accounts Payable MONICA G. RANES-GOLDBERG $504.00 Invoice Date Description Amount
121822 MGRG 12/18/2022 December fitness classes $504.00 Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$504.00
35984 12/23/2022 Open Accounts Payable Moss Adams LLP $11,031.25 Invoice Date Description Amount
102381605 12/19/2022 Ongoing Program Management services 11/1/22- 11/30/22
$1,050.00
102381617 12/19/2022 Library Const. Audit & Budget Process Review Services Nov 2022
$9,981.25
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$11,031.25
35985 12/23/2022 Open Accounts Payable Nexinite, LLC $13,140.00 Invoice Date Description Amount
INV-001895 12/08/2022 CIP Management Hub - Deliverables 2, 3, & 4 $13,140.00 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$13,140.00
35986 12/23/2022 Open Accounts Payable ODP Business Solutions, LLC. $301.49 Invoice Date Description Amount
279829821001 12/01/2022 Office Supplies: Monthly Planner, Desk Trays $31.95 279830426001 12/01/2022 Kitchen Supplies: Creamer $28.34 281109666001 12/02/2022 Office Supplies: Markers and Sticky Note Pads $109.53 281285131001 12/02/2022 Kitchen Supplies: Sweetners and Tea $57.72 281290991001 12/02/2022 Kitchen Supplies: Tea $6.49
280510319001 12/01/2022 Office Supplies - Scotch Tape and Post It Notes $67.46 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$301.49
35987 12/23/2022 Open Accounts Payable PARS/City of Cupertino $2,860.49 Invoice Date Description Amount
12162022 12/16/2022 PARS Employee pp 12/3/22-12/16/22 $2,860.49 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$2,860.49
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
35988 12/23/2022 Open Accounts Payable PDQ.COM CORPORATION $1,587.35 Invoice Date Description Amount
PDQ32650 12/12/2022 SmartDeploy 1-Year Essential Support 2/21/2023 - 2/21/2024
$1,587.35
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$1,587.35
35989 12/23/2022 Open Accounts Payable QUADIENT FINANCE USA, INC, $4,000.00 Invoice Date Description Amount
8702-110322 11/03/2022 Postage - CUPERTINOOOOOOO11297245 $4,000.00 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,000.00
35990 12/23/2022 Open Accounts Payable Raychel Renee Balcioni Cruz $1,200.00 Invoice Date Description Amount
121822 RRBC 12/18/2022 December fitness classes $1,200.00 Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$1,200.00
35991 12/23/2022 Open Accounts Payable Rojin Karimzad $270.00 Invoice Date Description Amount
121822 RK 12/18/2022 December fitness classes $270.00
Paying Fund Cash Account Amount
570 - Sports Center 570 100-100 (Cash & Investments Assets Operating Cash)
$270.00
35992 12/23/2022 Open Accounts Payable RUBY CHEN $560.00 Invoice Date Description Amount
121822 RC 12/18/2022 Fall class payment $560.00
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$560.00
35993 12/23/2022 Open Accounts Payable RUDY LOMAS $55.00 Invoice Date Description Amount
RudyL120622 12/06/2022 Cell Phone Reimbursement - Rudy L Nov 7 to Dec 6 2022
$55.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$55.00
35994 12/23/2022 Open Accounts Payable SABRE BACKFLOW LLC $278.80 Invoice Date Description Amount
3160 12/09/2022 Trees/ROW - Calibration $278.80
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$278.80
35995 12/23/2022 Open Accounts Payable SABRO Communications, Inc. $4,680.00 Invoice Date Description Amount
2515-C 12/19/2022 Sports Center cabling for Video Capture $1,830.00 user: Vi Tran Pages: 16 of 19 Saturday, December 24, 2022 Payment Register
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
2511-C 12/07/2022 Data Cabling at Senior Center for City Facility Video capture
$2,850.00
Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$4,680.00
35996 12/23/2022 Open Accounts Payable SAN JOSE FORKLIFT $90.33 Invoice Date Description Amount
c4290 10/31/2022 Fleet - Decals $90.33
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$90.33
35997 12/23/2022 Open Accounts Payable SCA of CA, LLC $18,563.57 Invoice Date Description Amount
104680CS 11/30/2022 Street Sweeping November 2022 $18,563.57 Paying Fund Cash Account Amount
230 - Env Mgmt Cln Crk Strm Drain 230 100-100 (Cash & Investments Assets Operating Cash)
$9,281.78
520 - Resource Recovery 520 100-100 (Cash & Investments Assets Operating Cash)
$9,281.79
35998 12/23/2022 Open Accounts Payable SHUTE, MIHALY & WEINBERGER LLP
$6,757.20
Invoice Date Description Amount
279597 12/15/2022 Legal Services, November 2022 $389.00 279514 12/15/2022 Legal Services, November 2022 $6,368.20 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$6,757.20
35999 12/23/2022 Open Accounts Payable Snapology of Los Gatos $510.00 Invoice Date Description Amount
SNAP_FALL22-23_2 12/16/2022 SNAPOLOGY_FALL22-23_PAYMENT2 $510.00 Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$510.00
36000 12/23/2022 Open Accounts Payable South Bay Youth Sports $4,796.46 Invoice Date Description Amount
121922 SBYS 12/19/2022 Fall 3 payment $4,796.46
Paying Fund Cash Account Amount
580 - Recreation Program 580 100-100 (Cash & Investments Assets Operating Cash)
$4,796.46
36001 12/23/2022 Open Accounts Payable Spruce & Gander, Inc $3,079.89 Invoice Date Description Amount
2902 12/20/2022 Grounds: creekside replacement grate $3,079.89 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$3,079.89
36002 12/23/2022 Open Accounts Payable SUNNYVALE FORD $384.69 Invoice Date Description Amount
212617 11/15/2022 Fleet - Nut W4-HV $3.07
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
212902 11/23/2022 Fleet - Plate 1-HV $58.70
212615 11/15/2022 Fleet - Battery 1 PR $322.92
Paying Fund Cash Account Amount
630 - Vehicle/Equip Replacement 630 100-100 (Cash & Investments Assets Operating Cash)
$384.69
36003 12/23/2022 Open Accounts Payable TERI GERHARDT $1,126.24 Invoice Date Description Amount
TeriG121922 12/19/2022 Teri - Cityworks Conference Reimbursement 12/6 - 12/8, 2022
$824.30
TeriG122022 12/20/2022 Teri - Cell Reimbursements May 17 - Nov 17, 2022 $301.94 Paying Fund Cash Account Amount
610 - Innovation & Technology 610 100-100 (Cash & Investments Assets Operating Cash)
$1,126.24
36004 12/23/2022 Open Accounts Payable West Coast Arborists, Inc. $4,152.00 Invoice Date Description Amount
1-8607 12/05/2022 TR-2022-046 Arborist Peer Review - 22286 S De Anza Circle
$2,076.00
1-8608 12/05/2022 TR-2022-047 Arborist Peer Review - 10125 Mary Ave Glenbrook Apts
$2,076.00
Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$4,152.00
36005 12/23/2022 Open Accounts Payable Wolfvision Inc. $1,881.44 Invoice Date Description Amount
RMA70511 12/16/2022 Wolfvision VA-9.4F Document Camera Repair $1,881.44 Paying Fund Cash Account Amount
100 - General Fund 100 100-100 (Cash & Investments Assets Operating Cash)
$1,881.44
Type EFT Totals: 61 Transactions $554,228.41
Main Account - Main Checking Account Totals
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Number Date Status Void Reason
Reconciled/
Voided Date Source Payee Name
Transaction
Amount
Reconciled
Amount Difference
Checks Status Count Transaction Amount Reconciled Amount Open 48 $224,711.75 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 48 $224,711.75 $0.00
EFTs Status Count Transaction Amount Reconciled Amount
Open 61 $554,228.41 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Total 61 $554,228.41 $0.00
All Status Count Transaction Amount Reconciled Amount
Open 109 $778,940.16 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 109 $778,940.16 $0.00
Grand Totals:

Checks Status Count Transaction Amount Reconciled Amount Open 48 $224,711.75 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 48 $224,711.75 $0.00
EFTs Status Count Transaction Amount Reconciled Amount
Open 61 $554,228.41 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Total 61 $554,228.41 $0.00
All Status Count Transaction Amount Reconciled Amount
Open 109 $778,940.16 $0.00
Reconciled 0 $0.00 $0.00
Voided 0 $0.00 $0.00
Stopped 0 $0.00 $0.00
Total 109 $778,940.16 $0.00
user: Vi Tran Pages: 19 of 19 Saturday, December 24, 2022 Payment Register
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CITY OF CUPERTINO
Agenda Item
22-11425 Agenda Date: 1/17/2023
Agenda #: 13.

Subject: Consider the Monthly Treasurer's Report for October 2022 Receive the report
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1 CITY COUNCIL STAFF REPORT
Meeting: January 17, 2023
Subject
Consider the Monthly Treasurer's Report for October 2022 Recommended Action
Receive the report.

Discussion
Background
California Government Code Section 41004 states:

Regularly, at least once each month, the city treasurer shall submit to the city clerk a written report and accounting of all receipts, disbursements, and fund balances.

The city treasurer shall file a copy with the legislative body.

The City's Municipal Code Section 2.24.030 Monthly Reports states:

The Treasurer shall make monthly reports which conform to the requirements of Government Code Section 41004. Said reports shall be delivered to the City Council, the City Manager and made available for review by such other persons who may so request.

Lastly, the City's Municipal Code Section 2.88.100 Duties–Powers–Responsibilities lists one of the powers and functions of the Audit Committee is "to review the monthly Treasurer's report."
Per the referenced code provisions, a Treasurer's Report (report and accounting of all receipts, disbursements, and fund balances) shall be submitted to the Audit Committee and City Council every month. Staff have previously included accounts payable reports with the treasurers reports following recommendation by a subcommittee and approval by council. These reports are not required under government code section 41004. Treasurers Reports were emailed to City Council and Audit Committee members to comply with the reporting requirement of 41004. Audit Committee will review the accounts payable reports for November and December at their January meeting.
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2 Cash vs. Accrual Basis Accounting
Cash and accrual basis accounting differ in the timing when revenues and expenses are recognized and recorded. Cash basis accounting recognizes revenues when payment is received and expenses when payment is paid. Accrual basis accounting recognizes revenues when they are earned (but not necessarily received) and expenses when they are incurred (but not necessarily paid).

Receipts, disbursements, and cash balance are measured on a cash basis. The cash balance shows the total cash and investments in the City's accounts. The ending balance is the beginning balance plus receipts minus disbursements. Journal adjustments generally include transactions recorded in other systems and imported into New World, Councilapproved budget adjustments, quarterly Cost Allocation Plan (CAP) charges, and quarterly interest earnings.

Revenues, expenditures, and fund balance are measured on an accrual basis. As a result, the amount in fund balance does not mean the City has that much cash on hand. Instead, fund balance is the difference between assets and liabilities. The ending balance is the beginning balance plus revenues minus expenditures.

Treasurer's Report
The report provides an update on the City's cash and fund balances for October 2022. The report is as of November 21, 2022.

Receipts, Disbursements, and Cash Balance
The City's General Fund ending cash and investment balance was $103.9 million, a decrease of $1.6 million from the prior month. Receipts were $5.9 million, disbursements were $(7.6) million, and journal adjustments were $(45,493) for the month.

The City's total ending cash and investment balance was $213.7 million, a decrease of $3.4 million from the prior month. Receipts were $6.3 million, disbursements were $(10.1) million, and journal adjustments were $0.4 million for the month.

In October 2022, the journal adjustments included the following:
• Parks and Recreation transactions imported from ActiveNet into New World • Workers’ Compensation transactions
• Quarterly interest transactions for LAIF
Fund Balance/Net Position
The City's General Fund ending fund balance was $89.1 million, decreasing by $1.7 million from the prior month due to revenues of $3.2 million and expenditures of $4.9 million.

The City's total ending fund balance was $195.5 million, decreasing by $3.6 million from the prior month due to revenues of $4.0 million and expenditures of $7.6 million. 347
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3 Sustainability Impact
No sustainability impact.

Fiscal Impact
No fiscal impact.
_____________________________________
Prepared by: __________________
Thomas Leung
Budget Manager
Reviewed by: __________________
Kristina Alfaro
Director of Administrative Services
Approved for Submission by: __________________
Pamela Wu
City Manager
Attachments:

A – Report of City-wide Receipts, Disbursements, and Cash Balances October 2022 B – Report of City‐wide Fund Balances/Net Position October 2022 348
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October 2022 Report of City-wide Receipts, Disbursements, and Cash Balances Cash and Investments
Beginning Balance Ending Balance
Fund Type Fund Number/Name as of September 30, 2022 Receipts Disbursements Journal Adjustments as of October 31, 2022 General Fund 100 General Fund 105,552,091 5,908,837 (7,599,735) 45,493 103,906,685 General Fund 130 Investment Fund 118,204 - - 71,793 189,996 Special Revenue Funds 210 Storm Drain Improvement 2,216,227 - (610) - 2,215,616 Special Revenue Funds 215 Storm Drain AB1600 1,806,376 2,468 - - 1,808,844 Special Revenue Funds 230 Env Mgmt Cln Crk Strm Drain 808,871 4,025 (85,718) - 727,179 Special Revenue Funds 260 CDBG 765,401 662 (10,706) - 755,357 Special Revenue Funds 261 HCD Loan Rehab 221,894 - - - 221,894 Special Revenue Funds 265 BMR Housing 5,616,413 6,000 (45,738) - 5,576,675 Special Revenue Funds 270 Transportation Fund 13,319,230 248,563 (585,605) - 12,982,188 Special Revenue Funds 271 Traffic Impact 721,290 - - - 721,290 Special Revenue Funds 280 Park Dedication 20,193,306 - (622,941) - 19,570,366 Special Revenue Funds 281 Tree Fund 71,648 - - - 71,648 Debt Service Funds 365 Public Facilities Corp 2,682,650 - - - 2,682,650 Capital Project Funds 420 Capital Improvement Fund 28,248,755 25,000 (365,207) - 27,908,548 Capital Project Funds 427 Stevens Creek Corridor Park 165,031 - (1,725) - 163,306 Capital Project Funds 429 Capital Reserve* 11,620,392 - - - 11,620,392 Enterprise Funds 520 Resource Recovery 5,861,135 119,834 (170,662) - 5,810,307 Enterprise Funds 560 Blackberry Farm 1,157,993 750 (43,608) 52,444 1,167,579 Enterprise Funds 570 Sports Center 1,983,204 - (66,214) 179,314 2,096,303 Enterprise Funds 580 Recreation Program 3,483,241 2,700 (76,924) 57,414 3,466,431 Internal Service Funds 610 Innovation & Technology 4,482,973 - (256,299) - 4,226,674 Internal Service Funds 620 Workers' Compensation 3,770,842 - (3,294) (53,000) 3,714,549 Internal Service Funds 630 Vehicle/Equip Replacement 1,156,962 - (69,797) - 1,087,165 Internal Service Funds 641 Compensated Absence/LTD 1,547,759 - 814 - 1,548,573 Internal Service Funds 642 Retiree Medical (469,019) - (112,981) - (582,000) Total $ 217,102,869 $ 6,318,839 $ (10,116,950) $ 353,457 $ 213,658,215 * For reporting purposes, this fund rolls up/combines with Fund 420 Printed November 21, 2022
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October 2022 Report of City-wide Fund Balances/Net Position Beginning Fund Balance Ending Fund Balance
Fund Type Fund Number/Name as of September 30, 2022 Revenues Expenditures as of October 31, 2022 General Fund 100 General Fund 90,735,482 3,224,352 4,880,773 89,079,062 General Fund 130 Investment Fund 229,425 - - 229,425
Special Revenue Funds 210 Storm Drain Improvement 2,216,227 - 1,660 2,214,566 Special Revenue Funds 215 Storm Drain AB1600 1,806,376 2,468 - 1,808,844 Special Revenue Funds 230 Env Mgmt Cln Crk Strm Drain 832,947 - 89,706 743,241 Special Revenue Funds 260 CDBG 1,293,352 170 10,706 1,282,815 Special Revenue Funds 261 HCD Loan Rehab 221,894 - - 221,894 Special Revenue Funds 265 BMR Housing 5,616,413 6,000 45,748 5,576,665 Special Revenue Funds 270 Transportation Fund 13,315,332 248,563 621,449 12,942,446 Special Revenue Funds 271 Traffic Impact 721,290 - - 721,290 Special Revenue Funds 280 Park Dedication 20,193,306 - 640,592 19,552,714 Special Revenue Funds 281 Tree Fund 71,648 - - 71,648
Debt Service Funds 365 Public Facilities Corp 2,682,650 - - 2,682,650 Capital Project Funds 420 Capital Improvement Fund 25,182,385 25,000 373,272 24,834,113 Capital Project Funds 427 Stevens Creek Corridor Park 165,031 - 1,725 163,306 Capital Project Funds 429 Capital Reserve* 11,620,392 - - 11,620,392 Enterprise Funds 520 Resource Recovery 5,239,734 119,834 192,464 5,167,104 Enterprise Funds 560 Blackberry Farm 881,193 52,940 38,228 895,905 Enterprise Funds 570 Sports Center 2,533,642 231,520 131,758 2,633,405 Enterprise Funds 580 Recreation Program 3,219,757 120,835 77,152 3,263,440 Internal Service Funds 610 Innovation & Technology 4,135,052 - 278,371 3,856,681 Internal Service Funds 620 Workers' Compensation 2,345,172 - 56,293 2,288,879 Internal Service Funds 630 Vehicle/Equip Replacement 2,781,590 - 69,164 2,712,426 Internal Service Funds 641 Compensated Absence/LTD 1,547,759 9,134 8,320 1,548,573 Internal Service Funds 642 Retiree Medical (469,019) - 112,981 (582,000) Total $ 199,119,029 $ 4,040,817 $ 7,630,365 $ 195,529,482 * For reporting purposes, this fund rolls up/combines with Fund 420 Printed November 21, 2022
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CITY OF CUPERTINO
Agenda Item
22-11426 Agenda Date: 1/17/2023
Agenda #: 14.

Subject: Consider the Monthly Treasurer's Investment Report for October 2022 Receive the report
CITY OF CUPERTINO Page 1 of 1 Printed on 1/11/2023
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1 CITY COUNCIL STAFF REPORT
Meeting: January 17, 2023
Subject
Consider the Monthly Treasurer's Investment Report for October 2022 Recommended Action
Receive the report.

Discussion
Background
On May 19, 2022, the City Council approved the City's Investment Policy. Per the City's Investment Policy, the Treasurer shall submit monthly transaction reports to the City Council within 30 days of the end of the reporting period per California Government Code Section 53607. In addition to the monthly transaction reports, quarterly investment reports are submitted to the City Council approximately 45 days following the end of the quarter. The quarterly investment report offers a more extensive discussion of the City's economy, cash flow, and investments.

The City's Municipal Code Section 2.24.050 Investment Authority states that the Treasurer shall make a monthly report of all investment transactions to the City Council.

Treasurer's Investment Report
The report provides an update on the City's investment portfolio for the month ending October 31, 2022. The report is as of November 21, 2022.

The attached statements include balances and transactions of the City's investments with the Local Agency Investment Fund (LAIF) and Chandler Asset Management. While not
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2 governed by the City's Investment Policy, statements for the Public Agency Retirement Services (PARS) Section 115 Trusts are also attached per a request from the Monthly Treasurer's Report Subcommittee.

As of October 31, 2022, the City's General Ledger cash and investments balance was $213.7 million, a $3.4 million decrease from the prior month due to receipts of $6.3 million, disbursements of $(10.1) million, and journal adjustments of $0.4 million.

Cash and Investments – General Ledger Balance
Fund Type
Month Ending
September 30,
2022
Receipts Disbursements Journal
Adjustments*
Month Ending
October 31,
2022
General Fund 105,670,294 5,908,837 (7,599,735) 117,286 104,096,682 Special Revenue 45,740,657 261,718 (1,351,319) - 44,651,056 Debt Service 2,682,650 - - - 2,682,650
Capital Projects 40,034,177 25,000 (366,932) - 39,692,245 Enterprise 12,485,573 123,284 (357,408) 289,171 12,540,620 Internal Service 10,489,518 - (441,556) (53,000) 9,994,962 Total $217,102,869 $6,318,839 $(10,116,950) $353,457 $213,658,215 *Journal adjustments include transactions recorded in other systems and imported into the financial system, Council-approved budget adjustments, quarterly Cost Allocation Plan (CAP) charges, and quarterly interest earnings.
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3 The $213.7 million in cash and investments includes $26.4 million in cash, $21.1 million in cash equivalents, $148.8 million in investments, and $17.2 million restricted for funding pension costs.

The City pools cash for all funds except restricted funds. However, the City accounts for interest earnings, revenues, and expenditures separately for each fund to adequately meet the purpose and restrictions of each funding source. Pooling funds is a common and appropriate practice used in public agencies. By pooling funds, the City can benefit from economies of scale, diversification, liquidity, and ease of administration. 354
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4 Cash and Investments – General Ledger Balance
Month Ending
September 30,
2022
Month Ending
October 31, 2022
% of
Portfolio
Cash in banks and on hand
Operating Checking (Wells Fargo) 29,918,673 26,375,226 12% Workers' Compensation Checking (Wells Fargo) 25,305 52,305 0% Payroll Checking (Wells Fargo) - - 0%
Restricted for Bond Repayments1 (BNY Mellon) 8,333 8,333 0% Petty Cash and Change 5,000 5,000 0%
Cash Equivalents
Local Agency Investment Fund 21,059,752 21,131,545 10%
Investments
Investments (Chandler) 148,845,755 148,845,755 70%
Restricted for Pension2 (PARS) 17,240,051 17,240,051 8% Total Cash and Investments3 $217,102,869 $213,658,215 100% 1 Cash held by fiscal agent for bond repayments
2 In accordance with GASB 67/68, the assets in the Section 115 Pension Trust are reported as restricted cash and investments in the General Fund. The assets can only be used to fund CalPERS costs. 3 Assets in the Section 115 OPEB Trust are excluded as the City cannot use these assets to fund its own operations. The assets are held in trust for retirees' post-employment health benefits.

The table below shows the bank balances for the City's cash and investments. Bank and General Ledger balances differ due to timing. Bank balances do not include outstanding checks and deposits in transit. The General Ledger is updated quarterly with interest earnings and annually with the year-end investment market values.

Cash and Investments – Bank Balance
Month Ending
September 30,
2022
Month Ending
October 31, 2022
% of
Portfolio
Cash in banks and on hand
Operating Checking (Wells Fargo) 31,613,882 26,702,950 13% Workers' Compensation Checking (Wells Fargo) 25,694 53,386 0% Payroll Checking (Wells Fargo) - - 0%
Restricted for Bond Repayments1 (BNY Mellon) 8,333 8,333 0% Cash Equivalents
Local Agency Investment Fund 21,099,180 21,170,973 10%
Investments
Investments (Chandler) 145,810,488 145,375,884 69%
Restricted for Pension2 (PARS) 16,385,602 17,129,563 8% Total Cash and Investments3 $214,943,179 $210,441,089 100% 355
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5 1 Cash held by fiscal agent for bond repayments
2 In accordance with GASB 67/68, the assets in the Section 115 Pension Trust are reported as restricted cash and investments in the General Fund. The assets can only be used to fund CalPERS costs. 3 Assets in the Section 115 OPEB Trust are excluded as the City cannot use these assets to fund its own operations. The assets are held in trust for retirees' post-employment health benefits.

Local Agency Investment Fund (LAIF)
LAIF is an investment pool administered by the State of California Treasurer and governed by California Government Code. The City can withdraw funds from LAIF at any time. As a result, the City uses LAIF for short-term investment, liquidity, and yield.

As of October 31, 2022, the City's LAIF account had a balance of $21.2 million, an increase of $71,793 from the prior month due to a quarterly interest deposit. The interest rate was

1.35%. The City did not make any deposits or withdrawals in October 2022.

Investment Portfolio
In FY 2018-19, the City conducted a Request for Proposal (RFP) for investment management services and selected Chandler Asset Management. Under the City's Treasurer's direction, Chandler Asset Management manages the City's investment portfolio in accordance with the City's investment objectives. The City's investment objectives, in order of priority, are to provide:
• Safety to ensure the preservation of capital in the overall portfolio • Sufficient liquidity for cash needs
• A market rate of return consistent with the investment program The performance objective is to earn a total rate of return through a market cycle equal to or above the return on the benchmark index. Chandler Asset Management invests in highquality fixed-income securities consistent with the City's Investment Policy and California Government Code to achieve the objective.

As of October 31, 2022, the portfolio's market value was $145.4 million, compared to $145.8 million at the end of the previous month. The table below includes historical comparisons of the City's portfolio.
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6 August 31, 2022 September 30, 2022 October 31, 2022
Market Value 148,209,503 145,810,488 145,375,884
Par Value 155,361,549 155,548,714 155,796,034
Book Value 155,316,485 155,475,533 155,563,286
Average Maturity 2.82 years 2.76 years 2.82 years
Average Modified Duration 2.44 2.38 2.43
Average Purchase Yield 1.56% 1.58% 1.68%
Average Market Yield 3.69% 4.49% 4.81%
Average Quality1 AA/Aa1 AA/Aa1 AA/Aa1
1 S&P and Moody's respectively
The portfolio's market value fluctuates depending on interest rates. When interest rates decrease after an investment is purchased, the market value of the investment increases.

In contrast, when interest rates increase after an investment is purchased, the market value of the investment decreases. At the time of purchase, the City intends to hold all investments until maturity, so changes in market value do not affect the City's investment principal. A decrease in market value creates an unrealized loss. The loss will only be realized if the City sells its investments before maturity. The market values were provided by Chandler Asset Management.

Section 115 Trust Investment Portfolio
The City established Section 115 Trusts to reduce pension rate volatility and pre-fund Other Post-Employment Benefits (OPEB) costs. A Section 115 Trust is a tax-exempt investment tool that allows local governments to pre-fund pension and retiree health costs. Once contributions are placed into the trust, assets from the trust can only be used to fund retirement plans.

The Section 115 Trusts are not governed by the City's Investment Policy but by separate investment policies. On December 7, 2021, City Council approved the Pension Trust Investment Policy and OPEB Trust Investment Policy. Public Agency Retirement Services (PARS) administers the trust, and US Bank manages the investments per the investment policies.

Both Section 115 Trusts are invested in "balanced" portfolios. The investment objective is designed to provide a moderate amount of current income with moderate growth of capital. It is recommended for investors with a long-term time horizon. The strategic asset allocation ranges for this objective are:
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7 Asset Class Range Target
Equities 50-70% 63%
Fixed Income 20-40% 29%
Real Estate 0-15% 5%
Commodities 0-10% 2%
Cash 0-10% 1%
As of October 31, 2022, the Section 115 Pension Trust had a balance of $17.1 million, an increase of $0.7 million from the prior month due to investment gains. The Section 115 OPEB Trust had a balance of $31.1 million, an increase of $1.4 million from the prior month due to investment gains. The one-month investment returns were 4.57% for both the Pension Trust and OPEB Trust.

Compliance
All of the City's investments comply with state law and the City's Investment Policy. In compliance with California Government Code 53646 (b)(3), the City maintains the ability to meet its expenditure requirements for the next six months.

Sustainability Impact
No sustainability impact.

A – Chandler Investment Report October 2022
B – Chandler Custodial Statement October 2022
C – PARS Pension and OPEB Account Statement October 2022 D – LAIF Account Statement October 2022
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CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com

INVESTMENT REPORT
Period Ending October 31, 2022
City of Cupertino
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SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Portfolio Holdings
SECTION 4 Transactions
Table of Contents As of October 31, 2022
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SECTION | Section 1 | Economic Update
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Economic Update



Market volatility has intensified as financial conditions tighten and global central banks pursue monetary policies to combat persistently high inflation and maintain financial market stability. Labor markets and consumer balance sheets remain strong; however, inflation is weighing heavily on consumer sentiment and beginning to impact discretionary spending.

Corporate earnings have generally performed better than expected, but warnings are growing along with wider credit spreads. While evidence of slower economic conditions has begun to mount, we expect the Federal Reserve to continue to raise rates until a sustainable improvement in inflationary conditions has been achieved. Over the near-term, we expect financial market volatility to remain intensified and conditions tighter with persistent inflation, geopolitical risk, and the Fed's hawkish monetary policy.

As expected at the November 2nd meeting, the Federal Open Market Committee (FOMC) raised the fed funds target rate by 75 basis points for the fourth consecutive time to a range of 3.75 – 4.00%, the highest level since 2008. Federal Reserve Chairman Powell reiterated that the risks of pausing too soon outweigh the risks of slower economic growth. He commented that rates would likely reach higher levels than projected and that policy would need to remain restrictive for some time. We believe the FOMC will continue to implement restrictive monetary policy until inflationary pressures subside but will look for an opportunity to slow the pace of rate hikes as economic growth moderates.

In October, yields rose across the curve. The 2-year Treasury yield increased 20 basis points to 4.49%, the 5-year Treasury yield rose 14 basis points to 4.23%, and the 10-year Treasury yield gained 22 basis points to 4.05%. The spread between the 2- year Treasury yield and 10-year Treasury yield remained inverted at -44 basis points at October month-end versus -45 basis points at September month-end. The spread was a positive 106 basis points one year ago. The spread between 3-month and 10-year treasuries inverted by -2 basis points in October compared to a positive 56-basis point spread in September.

The shape of the yield curve indicates that the probability of recession is increasing. 3 362
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Source: US Department of Labor Source: US Department of Labor Employment
The U.S. economy added 261,000 jobs in October, surpassing market expectations of 193,000, and gains were revised upward by 29,000 for the prior two months. Trends in employment remain strong, with the three-month moving average payrolls at 289,000 and the six-month moving average at 347,000. Gains were broad-based, led by healthcare, professional and business services, and leisure and hospitality. The unemployment rate ticked up to 3.7% from 3.5%, and the labor participation rate dipped to 62.2% in October from 62.3% in September. The U6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons edged up to 6.8% from 6.7% last month. Average hourly earnings rose 4.7% year-over-year in October compared to 5.0% year-over-year in September. While the pace of job growth is moderating, the report demonstrates a strong demand for labor and provides the Fed further support for continued rate hikes.
-200
0 200
400
600
800
1,000
1,200
MOM Change In (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)

0.0%

4.0%

8.0%

12.0%

16.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
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Source: US Department of Labor Source: US Department of Commerce Inflation
The Consumer Price Index (CPI) increased less than expected in October, up 7.7% year-over-year versus consensus expectations for 7.9%, and down from 8.2% in September. The Core CPI, which excludes volatile food and energy components, rose 6.3% year-over-year, down from a

Persistently elevated inflation is likely to keep the Federal Reserve on the path of tightening monetary policy as long as it continues to run well above the Fed’s longer-run target of around 2.0%. However, if inflation trends decline on a more consistent basis, the Fed may tighten at a less aggressive pace.

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
YOY( %) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY( %) Change
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Advance retail sales were flat for the month but up 8.2% year-over-year in September, slowing from August’s 9.4% year-over-year gain that surprised to the upside. Retail sales growth is starting to reflect the headwinds from higher prices as consumers dip into savings and assume more debt. The Conference Board’s Consumer Confidence Index declined in October to 102.5 after back-to-back monthly gains due to a sharp decrease in the present situation and dismal expectations of the short-term outlook. Renewed rises in gas and food prices drove increases in inflationary pressures, which will pose strong headwinds to consumer confidence and spending heading into the holiday season.

Source: US Department of Commerce Source: The Conference Board

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Consumer
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Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity
The Conference Board’s Leading Economic Index (LEI) remained in negative territory at -0.4% in September, following an upwardly revised 0% in August. The LEI is down 2.8% for the six-month period between March and September 2022, versus its 1.4% growth over the previous six months. The Conference Board cited widespread weakness among the index's ten components and expects slower economic growth going forward. The Chicago Fed National Activity Index (CFNAI) was unchanged at 0.10 in September indicating steady economic growth over the month. On a 3-month moving average basis, the CFNAI increased to 0.17 in September from an upwardly revised 0.04 in August. -1.00
-0.50

0.00 0.50

1.00 1.50

2.00 Chicago Fed National Activity Index (CFNAI)
3 Month Average
-0.8%
-0.6%
-0.4%
-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%
Leading Economic Indicators (LEI)
MOM ( %) Change
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Source: US Department of Commerce Source: S&P
Housing
0 200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)
Housing Starts
Multi Family Housing Starts
Single Family Housing Starts

0.0%

3.0%

6.0%

9.0%

12.0%

15.0%

18.0%

21.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
YOY( %) Change
Total housing starts declined 8.1% to an annual rate of 1,439,000 in September, after a downward revision to 1,566,000 units in August. Singlefamily home starts fell 4.7% and multi-family starts fell 13.2% month-over-month. On a year-over-year basis, total housing starts decreased

7.7% reflecting a shift from single-family units to more affordable multi-family units as homebuyers struggle with a combination of elevated prices and higher mortgage rates. Mortgage rates for a 30-year fixed-rate loan are higher than they have been since 2006 at 7.08%. According to the Case-Shiller 20-City Home Price Index, the year-over-year increase continued its declining rate of increase to +13.1% in August, clearly displaying the impact of higher mortgage rates which have reduced demand for homebuying as affordability has declined. 8 367
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Source: Institute for Supply Management Source: Federal Reserve Manufacturing
The Institute for Supply Management (ISM) manufacturing index declined to 50.2 in October from 50.9 in September. The index remained just above the breakeven point of 50, indicating expansion for the 29th consecutive month. However, the declining trend reflects a lower demand for goods as consumers shift to spending on services. Total industrial production rose 0.4% in September after a small upward revision to -0.1% in August. Gains were broad-based including both durable and non-durable goods. Capacity utilization increased to 80.3% in September after a minimal upward revision to 80.1% in August and continues to run slightly above the 1972-2021 average of 79.6%. 40 42
44 46
48 50
52 54
56 58
60 62
64 66
Institute of Supply Management Purchasing Manager Index

EXPANDING

CONTRACTING
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%
Industrial Production
YOY( %) Change
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Source: US Department of Commerce Source: US Department of Commerce 12/21 3/22 6/22 9/22

2.1% 0.9% 1.4% 1.0%

5.1% 1.0% -2.8% -1.6%
-0.2% -3.1% 1.2% 2.8%

0.0% -0.4% -0.2% 0.2%
-0.2% 0.0% -0.1% 0.2%

7.0% -1.6% -0.6% 2.6%
Gross Private Domestic Investment
Personal Consumption Expenditures
Components of GDP
Federal Government Expenditures
State and Local (Consumption and Gross
Investment)
Net Exports and Imports
Total
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
According to the advance estimate, third quarter GDP increased at an annualized rate of 2.6%, following two quarterly contractions, due in part to resilient consumers, businesses and net exports. Personal Consumption Expenditures, the biggest part of the economy, rose 1.4% primarily due to continued strength in services spending. The consensus estimate calls for 0.6% growth in the fourth quarter and 1.7% growth for the full year 2022.
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Federal Reserve
Source: Federal Reserve Source: Bloomberg
As expected at the November 2nd meeting, the Federal Open Market Committee (FOMC) raised the fed funds target rate by 75 basis points for the fourth consecutive time to a range of 3.75 – 4.00%, the highest level since 2008. Federal Reserve Chairman Powell reiterated that the risks of pausing too soon outweigh the risks of slower economic growth. He commented that rates would likely reach higher levels than projected and that policy would need to remain restrictive forsome time. The Fed acknowledged the cumulative tightening of monetary policy and the lag in its effects on inflation and the economy. There was no change to the pace of balance sheet reduction, which is expected to continue at a pace of approximately $95 billion per month. We believe the FOMC will continue to implement restrictive monetary policy until inflationary pressures subside but will look for an opportunity to slow the pace of rate hikes as economic growth moderates.

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%
Effective Federal Funds Rate
Yield (%)
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
In $ millions
11 370
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Source: Bloomberg Source: Bloomberg

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Yield Curve
Oct-22
Jul-22
Oct-21
Yield (%)
Bond Yields
At the end of October, the 2-year Treasury yield was 399 basis points higher, and the 10-Year Treasury yield was about 250 basis points higher, year-over-year. The spread between the 2-year Treasury yield and 10-year Treasury yield remained inverted at -44 basis points at October month-end versus -45 basis points at September month-end. The average historical spread (since 2003) is about 130 basis points. The spread between 3-month and 10-year treasuries inverted by -2 basis points in October compared to a positive 56-basis point spread in September.

The shape of the yield curve indicates that the probability of recession is increasing. 12 371
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Section 2| SECTION | Section 2 | Account Profile
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Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

Investment Objectives
The City of Cupertino’s investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program.

Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed incomes securities consistent with the investment policy and California Government Code.

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Compliance As of October 31, 2022
Category Standard Comment
Treasury Issues No Limitation Complies
Agency Issues 25% per Agency/GSE issuer; 20% max agency callable securities; Issued by Federal Agencies or U.S. Government Sponsored Enterprise obligations. Complies
Supranational "AA" rating category or better by a NRSRO; 30% maximum; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by IBRD, IFC, or IADB. Complies Municipal Securities
"A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Obligations of the City, State of California, and any local agency within the State of California; Obligations of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states in addition to California.

Complies
Negotiable Certificates of Deposit
(NCDs)
No rating required if amount of the NCD is insured up to the FDIC limit; If above FDIC insured limit, requires "A-1" shortterm rated or "A" long-term rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Issued by nationally or state chartered banks, state or federal savings associations, or state or federal credit unions, or by a federally licensed or state-licensed branch of a foreign bank.

Complies
Certificates of Deposit (CDs)/Time
Deposit (TDs)
30% maximum; 5% max per issuer; Certificates of Deposit, Time Deposit, non-negotiable, and collateralized in accordance with California Government Code. Complies
Banker’s Acceptances "A-1" short-term rated or better by a NRSRO; or "A" long-term rating category or better by a NRSRO; 40% maximum; 5% max per issuer; 180 days max maturity Complies
Commercial Paper
"A-1" short term rated or better a NRSRO; "A" long-term issuer rating category or better by a NRSRO; 25% maximum; 5% max per issuer; 270 days max maturity; Issued by corporations organized and operating in the U.S. with assets > $500 million; 10% max outstanding paper of the issuing corporation.

Complies
Money Market Funds
20% maximum; Daily money market funds administered for or by trustees, paying agents and custodian banks contracted by a City of Cupertino as allowed under California Government Code; Only funds holding U.S. Treasury obligations, Government agency obligations or repurchase agreements collateralized by U.S. Treasury or Government agency obligations can be utilized.

Complies
Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF; Not used by investment adviser Complies City of Cupertino
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. 15 374
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Compliance As of October 31, 2022
Category Standard Comment
Repurchase Agreements 1 year max maturity; 102% collateralized; A PSA Master Repurchase Agreement is required between City of Cupertino and the broke/dealer or financial institution for all repurchase agreements; Not used by investment adviser Complies Prohibited Securities
Reverse Repurchase Agreement; Common stocks; Long-term (> 5 years maturity) notes and bonds; Special circumstances arise that necessitate purchase of securities beyond the 5-year limitation. On such occasions, request must be approved by City Council prior to purchase; Futures/Options; Inverse floaters; Ranges notes, Mortgage-derived, Interest-only strips; Zero interest accrual securities; Purchasing/selling securities on margin; Foreign currency denominated securities.

Complies
Minimum Budgeted Operating
Expenditures in Short Term Investments
Minimum 6 months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements Complies
Max Per Issuer 5% per issuer, unless otherwise specified in the policy Complies Maximum maturity 5 years Complies
City of Cupertino
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. 16 375
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Portfolio Summary – City of Cupertino #10659 As of October 31, 2022 17 376
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Purchase Yield as of 10/31/22 = 1.68%

0.00 0.50

1.00 1.50

2.00 2.50
Percent (%)
Historical Average Purchase Yield
City of Cupertino
As of October 31, 2022
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SECTION | Section 3 | Portfolio Holdings
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Issue Name Investment Type % Portfolio
Government of United States US Treasury 30.50%
Federal National Mortgage Association Agency 8.90%
Federal Home Loan Mortgage Corp Agency 4.98%
Federal Home Loan Mortgage Corp CMO 3.87%
Federal Home Loan Bank Agency 3.37%
Inter-American Dev Bank Supranational 3.34%
John Deere ABS ABS 2.00%
American Express ABS ABS 1.90%
Hyundai Auto Receivables ABS 1.86%
Royal Bank of Canada Corporate 1.68%
Toyota Motor Corp Corporate 1.61%
Bank of New York Corporate 1.58%
International Finance Corp Supranational 1.54%
JP Morgan Chase & Co Corporate 1.54%
Bank of America Corp Corporate 1.54%
Intl Bank Recon and Development Supranational 1.46%
Toronto Dominion Holdings Corporate 1.44%
Northwestern Mutual Glbl Corporate 1.30%
GM Financial Automobile Leasing Trust ABS 1.26%
Paccar Financial Corporate 1.26%
Honda ABS ABS 1.24%
Toyota Lease Owner Trust ABS 1.23%
Bank of Montreal Chicago Corporate 1.17%
Amazon.com Inc Corporate 1.13%
Air Products & Chemicals Corporate 1.13%
Salesforce.com Inc Corporate 1.13%
Metlife Inc Corporate 1.12%
Prudential Financial Inc Corporate 1.11%
United Health Group Inc Corporate 1.08%
New York Life Global Funding Corporate 1.07%
Toyota ABS ABS 1.03%
Berkshire Hathaway Corporate 1.00%
Hyundai Auto Lease Securitization ABS 0.89%
Guardian Life Global Funding Corporate 0.84%
US Bancorp Corporate 0.83%
Caterpillar Inc Corporate 0.72%
GM Financial Securitized Term Auto Trust ABS 0.68%
Deere & Company Corporate 0.67%
Issuers
City of Cupertino – Account #10659
As of October 31, 2022
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Issue Name Investment Type % Portfolio
Mass Mutual Insurance Corporate 0.60%
Charles Schwab Corp/The Corporate 0.59%
BMW Vehicle Lease Trust ABS 0.58%
State of California Municipal Bonds 0.50%
Verizon Owner Trust ABS 0.45%
Northern Trust Corp Corporate 0.45%
Morgan Stanley Corporate 0.41%
Verizon Master Trust ABS 0.38%
BMW ABS ABS 0.35%
Wal-Mart Stores Corporate 0.21%
Wells Fargo 100% Treasury MMKT Fund Money Market Fund 0.19% Nissan ABS ABS 0.17%
Mercedes-Benz Auto Lease Trust ABS 0.09%
TOTAL 100.00%
Issuers
City of Cupertino – Account #10659
As of October 31, 2022
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Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43815NAC8 Honda Auto Receivables Trust 2019-3 A3

1.780% Due 08/15/2023
26,130.61 Various

1.93%
26,086.69
26,130.61

99.89 4.78%
26,102.83

20.67 0.02%
(27.78)
Aaa / AAA
NR

0.79 0.04
58769EAC2 Mercedes-Benz Auto Lease Trust 2020-B A3

0.400% Due 11/15/2023
138,632.94 09/15/2020

0.40%
138,625.91
138,632.32

99.42 4.76%
137,826.38

24.65 0.09%
(805.94)

NR / AAA
AAA

1.04 0.13
477870AC3 John Deere Owner Trust 2019-B A3

2.210% Due 12/15/2023
34,622.11 08/27/2019

1.79%
34,942.64
34,705.66

99.89 4.45%
34,584.68

34.01 0.02%
(120.98)
Aaa / NR
AAA

1.12 0.05
92348AAA3 Verizon Owner Trust 2019-C A1A

1.940% Due 04/22/2024
61,713.23 10/01/2019

1.95%
61,708.47
61,711.69

99.64 4.59%
61,493.16

36.58 0.04%
(218.53)

NR / AAA
AAA

1.48 0.13
89238EAC0 Toyota Lease Owner Trust 2021-A A3

0.390% Due 04/22/2024
700,000.00 03/23/2022

2.16%
686,000.00
691,687.50

98.13 5.26%
686,928.90

83.42 0.47%
(4,758.60)
Aaa / AAA
NR

1.48 0.38
44891VAC5 Hyundai Auto Lease Trust 2021-B A3

0.330% Due 06/17/2024
790,000.00 06/08/2021

0.34%
789,881.50
789,954.10

97.70 5.01%
771,841.85
115.87

0.53%
(18,112.25)
Aaa / AAA
NR

1.63 0.49
65479JAD5 Nissan Auto Receivables Owner 2019-C A3

1.930% Due 07/15/2024
254,640.73 Various

1.70%
255,903.95
255,149.63

99.53 4.54%
253,438.83
218.42

0.17%
(1,710.80)
Aaa / AAA
NR

1.71 0.18
43813DAC2 Honda Auto Receivables 2020-2 A3

0.820% Due 07/15/2024
69,491.63 05/18/2020

0.83%
69,486.17
69,489.38

98.33 5.21%
68,332.58

25.33 0.05%
(1,156.80)
Aaa / AAA
NR

1.71 0.38
47789KAC7 John Deere Owner Trust 2020-A A3

1.100% Due 08/15/2024
90,138.81 03/04/2020

1.11%
90,133.30
90,136.59

98.94 4.68%
89,180.72

44.07 0.06%
(955.87)
Aaa / NR
AAA

1.79 0.30
43813KAC6 Honda Auto Receivables Trust 2020-3 A3

0.370% Due 10/18/2024
347,302.90 09/22/2020

0.38%
347,251.88
347,285.88

97.67 5.08%
339,198.24

46.40 0.23%
(8,087.64)

NR / AAA
AAA

1.97 0.49
36262XAC8 GM Financial Auto Lease Trust 2021-3 A2

0.390% Due 10/21/2024
965,000.00 08/10/2021

0.39%
964,986.88
964,993.40

96.28 5.51%
929,099.11
115.00

0.64%
(35,894.29)

NR / AAA
AAA

1.98 0.73
47787NAC3 John Deere Owner Trust 2020-B A3

0.510% Due 11/15/2024
121,373.32 07/14/2020

0.52%
121,354.82
121,366.92

98.01 5.32%
118,961.14

27.51 0.08%
(2,405.78)
Aaa / NR
AAA

2.04 0.41
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3

0.330% Due 12/26/2024
425,000.00 09/08/2021

0.34%
424,956.14
424,977.89

96.93 5.38%
411,937.20

23.38 0.28%
(13,040.69)
Aaa / NR
AAA

2.16 0.61
89236XAC0 Toyota Auto Receivables 2020-D A3

0.350% Due 01/15/2025
263,298.44 10/06/2020

0.36%
263,249.38
263,273.01

98.20 4.48%
258,556.70

40.96 0.18%
(4,716.31)

NR / AAA
AAA

2.21 0.43
44891WAC3 Hyundai Auto Lease Trust 2022-A A3

1.160% Due 01/15/2025
540,000.00 01/11/2022

1.16%
539,988.07
539,992.25

95.64 5.40%
516,460.86
278.40

0.36%
(23,531.39)
Aaa / AAA
NR

2.21 1.04
92290BAA9 Verizon Owner Trust 2020-B A

0.470% Due 02/20/2025
609,324.26 08/04/2020

0.48%
609,196.30
609,259.08

98.35 4.68%
599,249.08

87.51 0.41%
(10,010.00)
Aaa / NR
AAA

2.31 0.39
89238LAC4 Toyota Lease Owner Trust 2022-A A3

1.960% Due 02/20/2025
1,150,000.00 02/23/2022

1.98%
1,149,818.99
1,149,871.81

95.99 5.18%
1,103,871.20
688.72

0.76%
(46,000.61)

NR / AAA
AAA

2.31 1.26
As of October 31, 2022
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Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
36265MAC9 GM Financial Auto Lease Trust 2022-1 A3

1.900% Due 03/20/2025
945,000.00 02/15/2022

1.91%
944,991.87
944,994.46

95.98 5.40%
907,016.67
548.63

0.62%
(37,977.79)
Aaa / NR
AAA

2.39 1.16
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3

1.100% Due 03/25/2025
450,000.00 01/11/2022

1.11%
449,932.73
449,956.90

95.87 5.52%
431,392.50

82.50 0.30%
(18,564.40)

NR / AAA
AAA

2.40 0.94
43813GAC5 Honda Auto Receivables Trust 2021-1 A3

0.270% Due 04/21/2025
239,011.35 02/17/2021

0.27%
239,006.98
239,009.38

96.91 5.40%
231,635.46

17.93 0.16%
(7,373.92)
Aaa / NR
AAA

2.47 0.60
89240BAC2 Toyota Auto Receivables Owners 2021-A A3

0.260% Due 05/15/2025
860,769.19 02/02/2021

0.27%
860,609.44
860,698.57

97.17 4.91%
836,405.98

99.47 0.58%
(24,292.59)
Aaa / NR
AAA

2.54 0.61
44933LAC7 Hyundai Auto Receivables Trust 2021-A A3

0.380% Due 09/15/2025
515,000.00 04/20/2021

0.38%
514,945.82
514,972.69

96.19 5.69%
495,382.62

86.98 0.34%
(19,590.07)

NR / AAA
AAA

2.88 0.72
43815GAC3 Honda Auto Receivables Trust 2021-4 A3

0.880% Due 01/21/2026
460,000.00 11/16/2021

0.89%
459,903.03
459,931.02

94.28 5.08%
433,691.68
112.44

0.30%
(26,239.34)
Aaa / NR
AAA

3.23 1.38
47789QAC4 John Deere Owner Trust 2021-B A3

0.520% Due 03/16/2026
580,000.00 07/13/2021

0.52%
579,948.26
579,966.43

94.20 5.19%
546,373.34
134.04

0.38%
(33,593.09)
Aaa / NR
AAA

3.38 1.26
89238JAC9 Toyota Auto Receivables Trust 2021-D A3

0.710% Due 04/15/2026
430,000.00 11/09/2021

0.71%
429,990.84
429,993.55

94.14 5.17%
404,811.46
135.69

0.28%
(25,182.09)

NR / AAA
AAA

3.46 1.33
43815BAC4 Honda Auto Receivables Trust 2022-1 A3

1.880% Due 05/15/2026
740,000.00 02/15/2022

1.89%
739,888.70
739,912.44

94.65 5.10%
700,384.84
618.31

0.48%
(39,527.60)
Aaa / AAA
NR

3.54 1.69
44935FAD6 Hyundai Auto Receivables Trust 2021-C A3

0.740% Due 05/15/2026
1,330,000.00 Various

2.02%
1,296,371.65
1,303,691.24

93.95 5.38%
1,249,521.70
437.42

0.86%
(54,169.54)

NR / AAA
AAA

3.54 1.32
05602RAD3 BMW Vehicle Owner Trust 2022-A A3

3.210% Due 08/25/2026
530,000.00 05/10/2022

3.23%
529,972.44
529,976.50

96.69 5.27%
512,445.87
283.55

0.35%
(17,530.63)
Aaa / AAA
NR

3.82 1.64
362554AC1 GM Financial Securitized Term 2021-4 A3

0.680% Due 09/16/2026
350,000.00 10/13/2021

0.68%
349,991.08
349,993.78

93.59 5.62%
327,562.90

99.17 0.23%
(22,430.88)
Aaa / AAA
NR

3.88 1.32
47787JAC2 John Deere Owner Trust 2022-A A3

2.320% Due 09/16/2026
450,000.00 03/10/2022

2.34%
449,900.46
449,918.36

95.04 5.35%
427,684.50
464.00

0.29%
(22,233.86)
Aaa / NR
AAA

3.88 1.67
448977AD0 Hyundai Auto Receivables Trust 2022-A A3

2.220% Due 10/15/2026
1,010,000.00 03/09/2022

2.23%
1,009,961.12
1,009,968.65

95.05 5.28%
960,007.02
996.53

0.66%
(49,961.63)

NR / AAA
AAA

3.96 1.65
380146AC4 GM Financial Auto Receivables 2022-1 A3

1.260% Due 11/16/2026
295,000.00 01/11/2022

1.27%
294,974.36
294,980.41

94.76 5.03%
279,536.10
154.88

0.19%
(15,444.31)

NR / AAA
AAA

4.05 1.41
362585AC5 GM Financial Securitized ART 2022-2 A3

3.100% Due 02/16/2027
390,000.00 04/05/2022

3.13%
389,918.49
389,931.64

96.09 5.44%
374,745.54
503.75

0.26%
(15,186.10)
Aaa / AAA
NR

4.30 1.70
47800AAC4 John Deere Owner Trust 2022-B A3

3.740% Due 02/16/2027
655,000.00 07/12/2022

3.77%
654,937.45
654,942.43

97.17 4.99%
636,484.46
1,088.76

0.44%
(18,457.97)
Aaa / NR
AAA

4.30 2.34
02589BAA8 American Express Credit Accoun 22-1 A

2.210% Due 03/15/2027
1,545,000.00 03/21/2022

2.69%
1,524,359.77
1,528,590.26

93.53 5.17%
1,445,033.87
1,517.53

1.00%
(83,556.39)
Aaa / NR
AAA

4.37 2.25
As of October 31, 2022
23 382
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Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
02582JJT8 American Express Credit Trust 2022-2 A

3.390% Due 05/17/2027
1,375,000.00 05/17/2022

3.42%
1,374,695.85
1,374,740.90

96.01 5.12%
1,320,125.13
2,071.67

0.91%
(54,615.77)

NR / AAA
AAA

4.55 2.37
47800BAC2 John Deere Owner Trust 2022-C A3

5.090% Due 06/15/2027
1,050,000.00 10/12/2022

5.15%
1,049,918.52
1,049,919.31

99.61 5.31%
1,045,900.80
1,781.50

0.72%
(4,018.51)
Aaa / NR
AAA

4.62 2.29
92348KAV5 Verizon Master Trust 2022-5 A1A

3.720% Due 07/20/2027
570,000.00 08/02/2022

3.75%
569,974.92
569,976.95

98.06 5.12%
558,961.38
647.90

0.38%
(11,015.57)

NR / AAA
AAA

4.72 1.71
TOTAL ABS 21,356,449.52 1.89%
21,287,764.87
21,304,683.59 5.20%
20,532,167.28
13,793.55

14.13%
(772,516.31)
Aaa / AAA
AAA

3.18 1.32
Agency
3137EAFA2 FHLMC Note

0.250% Due 12/04/2023
1,755,000.00 12/02/2020

0.28%
1,753,262.55
1,754,368.49

95.38 4.64%
1,673,982.18
1,791.56

1.15%
(80,386.31)
Aaa / AA+
AAA

1.09 1.07
3130A0XE5 FHLB Note

3.250% Due 03/08/2024
1,500,000.00 03/28/2019

2.27%
1,568,115.00
1,518,593.96

98.02 4.78%
1,470,268.50
7,177.08

1.02%
(48,325.46)
Aaa / AA+
NR

1.35 1.30
3130A1XJ2 FHLB Note

2.875% Due 06/14/2024
1,500,000.00 06/18/2019

1.96%
1,564,890.20
1,521,048.35

97.09 4.76%
1,456,356.00
16,411.46

1.01%
(64,692.35)
Aaa / AA+
NR

1.62 1.54
3135G0V75 FNMA Note

1.750% Due 07/02/2024
1,500,000.00 07/16/2019

1.96%
1,484,895.00
1,494,923.32

95.44 4.62%
1,431,666.00
8,677.08

0.99%
(63,257.32)
Aaa / AA+
AAA

1.67 1.61
3130A2UW4 FHLB Note

2.875% Due 09/13/2024
2,000,000.00 09/13/2019

1.79%
2,103,380.00
2,038,654.14

96.76 4.71%
1,935,120.00
7,666.67

1.34%
(103,534.14)
Aaa / AA+
AAA

1.87 1.78
3135G0W66 FNMA Note

1.625% Due 10/15/2024
1,975,000.00 Various

1.73%
1,965,802.75
1,971,302.15

94.46 4.62%
1,865,549.45
1,426.39

1.28%
(105,752.70)
Aaa / AA+
AAA

1.96 1.89
3135G0X24 FNMA Note

1.625% Due 01/07/2025
1,295,000.00 Various

1.38%
1,309,953.95
1,301,784.72

93.97 4.55%
1,216,964.60
6,663.86

0.84%
(84,820.12)
Aaa / AA+
AAA

2.19 2.09
3137EAEP0 FHLMC Note

1.500% Due 02/12/2025
2,365,000.00 02/13/2020

1.52%
2,363,178.95
2,364,167.81

93.51 4.53%
2,211,554.07
7,784.79

1.53%
(152,613.74)
Aaa / AA+
AAA

2.29 2.19
3135G03U5 FNMA Note

0.625% Due 04/22/2025
1,860,000.00 04/22/2020

0.67%
1,856,168.40
1,858,103.11

90.75 4.62%
1,688,039.28
290.63

1.16%
(170,063.83)
Aaa / AA+
AAA

2.48 2.40
3135G04Z3 FNMA Note

0.500% Due 06/17/2025
2,500,000.00 Various

0.50%
2,499,227.30
2,499,704.74

90.15 4.52%
2,253,652.50
4,652.78

1.55%
(246,052.24)
Aaa / AA+
AAA

2.63 2.55
3137EAEU9 FHLMC Note

0.375% Due 07/21/2025
1,250,000.00 07/21/2020

0.48%
1,243,775.00
1,246,611.06

89.50 4.52%
1,118,741.25
1,302.08

0.77%
(127,869.81)
Aaa / AA+
AAA

2.72 2.65
3135G05X7 FNMA Note

0.375% Due 08/25/2025
2,500,000.00 Various

0.48%
2,487,983.75
2,493,032.50

89.12 4.53%
2,227,940.00
1,718.75

1.53%
(265,092.50)
Aaa / AA+
AAA

2.82 2.74
3137EAEX3 FHLMC Note

0.375% Due 09/23/2025
2,500,000.00 Various

0.46%
2,489,362.80
2,493,706.81

88.93 4.50%
2,223,227.50
989.58

1.53%
(270,479.31)
Aaa / AA+
AAA

2.90 2.82
As of October 31, 2022
24 383
CC 01-17-2023
383 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3135G06G3 FNMA Note

0.500% Due 11/07/2025
2,500,000.00 Various

0.56%
2,492,700.00
2,495,581.03

88.82 4.50%
2,220,510.00
6,041.67

1.53%
(275,071.03)
Aaa / AA+
AAA

3.02 2.92
TOTAL Agency 27,000,000.00 1.08%
27,182,695.65
27,051,582.19 4.59%
24,993,571.33
72,594.38

17.24%
(2,058,010.86)
Aaa / AA+
AAA

2.25 2.17
CMO
3137BFE98 FHLMC K041 A2

3.171% Due 10/25/2024
1,300,000.00 07/01/2021

0.72%
1,398,414.06
1,358,282.44

96.61 4.99%
1,255,971.60
3,435.25

0.87%
(102,310.84)
Aaa / AAA
AAA

1.99 1.79
3137BLMZ8 FHLMC K049 A2

3.010% Due 07/25/2025
1,000,000.00 07/01/2021

0.87%
1,079,687.50
1,053,289.30

95.21 4.94%
952,128.00
2,508.33

0.66%
(101,161.30)

NR / NR
AAA

2.73 2.45
3137BLW95 FHLMC K050 A2

3.334% Due 08/25/2025
950,000.00 11/16/2021

1.17%
1,018,132.81
1,000,633.12

95.89 4.94%
910,945.50
2,639.42

0.63%
(89,687.62)

NR / NR
AAA

2.82 2.50
3137BM7C4 FHLMC K051 A2

3.308% Due 09/25/2025
440,000.00 03/15/2022

2.21%
453,079.69
450,718.51

95.72 4.94%
421,150.84
1,212.93

0.29%
(29,567.67)

NR / NR
AAA

2.90 2.57
3137BN6G4 FHLMC KO53

2.995% Due 12/25/2025
570,000.00 03/15/2022

2.29%
582,001.17
580,015.49

94.58 4.93%
539,106.57
1,422.63

0.37%
(40,908.92)

NR / NR
AAA

3.15 2.79
3137BSP72 FHLMC K058 A2

2.653% Due 08/25/2026
650,000.00 11/12/2021

1.35%
687,451.17
679,843.22

92.35 4.88%
600,284.10
1,437.04

0.41%
(79,559.12)

NR / NR
AAA

3.82 3.50
3137FBBX3 FHLMC K068 A2

3.244% Due 08/25/2027
1,000,000.00 09/28/2022

4.41%
950,664.06
951,475.60

93.35 4.81%
933,506.00
2,703.33

0.64%
(17,969.60)
Aaa / NR
NR

4.82 4.29
TOTAL CMO 5,910,000.00 1.73%
6,169,430.46
6,074,257.68 4.92%
5,613,092.61
15,358.93

3.87%
(461,165.07)
Aaa / AAA
AAA

3.10 2.77
Corporate
24422EVN6 John Deere Capital Corp Note

0.450% Due 01/17/2024
1,030,000.00 03/01/2021

0.47%
1,029,268.70
1,029,691.86

94.89 4.84%
977,364.94
1,339.00

0.67%
(52,326.92)
A2 / A
A

1.21 1.18
89114QCA4 Toronto Dominion Bank Note

2.650% Due 06/12/2024
1,500,000.00 09/11/2019

2.24%
1,527,255.00
1,509,257.90

95.79 5.41%
1,436,844.00
15,347.92

1.00%
(72,413.90)
A1 / A
AA1.621.53
06367TQW3 Bank of Montreal Note

0.625% Due 07/09/2024
600,000.00 02/09/2022

1.89%
582,216.00
587,537.04

92.40 5.39%
554,388.60
1,166.67

0.38%
(33,148.44)
A2 / AAA1.69

1.63 79466LAG9 Salesforce.com Inc Callable Note Cont 7/15/2022

0.625% Due 07/15/2024
1,760,000.00 Various

0.87%
1,748,937.40
1,752,813.60

93.12 4.88%
1,638,880.32
3,238.88

1.13%
(113,933.28)
A2 / A+
NR

1.71 1.66
78013XZU5 Royal Bank of Canada Note

2.550% Due 07/16/2024
1,500,000.00 Various

1.98%
1,533,359.18
1,513,830.61

95.36 5.43%
1,430,370.00
11,156.26

0.99%
(83,460.61)
A1 / A
AA1.711.63
As of October 31, 2022
25 384
CC 01-17-2023
384 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
91159HHX1 US Bancorp Callable Note Cont 6/28/2024

2.400% Due 07/30/2024
1,250,000.00 10/10/2019

2.07%
1,268,262.50
1,256,431.21

95.54 5.09%
1,194,288.75
7,583.33

0.83%
(62,142.46)
A2 / A+
A+

1.75 1.67
009158AV8 Air Products & Chemicals Callable Note Cont 4/30/2024

3.350% Due 07/31/2024
1,675,000.00 08/07/2019

2.07%
1,771,212.00
1,705,435.55

97.52 4.84%
1,633,488.48
14,183.99

1.13%
(71,947.07)
A2 / A
NR

1.75 1.66
69371RR40 Paccar Financial Corp Note

0.500% Due 08/09/2024
680,000.00 08/03/2021

0.52%
679,632.80
679,783.23

92.20 5.16%
626,938.92
774.44

0.43%
(52,844.31)
A1 / A+
NR

1.78 1.72
69371RQ25 Paccar Financial Corp Note

2.150% Due 08/15/2024
370,000.00 08/08/2019

2.20%
369,182.30
369,707.74

94.92 5.16%
351,188.83
1,679.39

0.24%
(18,518.91)
A1 / A+
NR

1.79 1.71
14913Q3B3 Caterpillar Finl Service Note

2.150% Due 11/08/2024
1,100,000.00 01/28/2020

1.92%
1,111,517.00
1,104,873.59

94.71 4.93%
1,041,848.50
11,365.14

0.72%
(63,025.09)
A2 / A
A

2.02 1.92
74153WCQ0 Pricoa Global Funding Note

1.150% Due 12/06/2024
885,000.00 12/01/2021

1.19%
884,088.45
884,361.75

91.71 5.39%
811,589.25
4,099.27

0.56%
(72,772.50)
Aa3 / AAAA2.10

2.01 89114TZL9 Toronto-Dominion Bank Note

1.450% Due 01/10/2025
700,000.00 03/15/2022

2.79%
674,737.00
680,353.73

91.94 5.40%
643,565.30
3,129.58

0.44%
(36,788.43)
A1 / A
NR

2.20 2.10
89236TJT3 Toyota Motor Credit Corp Note

1.450% Due 01/13/2025
1,215,000.00 01/10/2022

1.50%
1,213,371.90
1,213,805.66

92.60 5.05%
1,125,083.93
5,285.25

0.78%
(88,721.73)
A1 / A+
A+

2.21 2.11
64952WEK5 New York Life Global Note

1.450% Due 01/14/2025
1,680,000.00 01/11/2022

1.49%
1,678,185.60
1,678,667.34

92.16 5.27%
1,548,276.24
7,240.33

1.07%
(130,391.10)
Aaa / AA+
AAA

2.21 2.11
69371RR73 Paccar Financial Corp Note

2.850% Due 04/07/2025
885,000.00 03/31/2022

2.86%
884,769.90
884,813.57

95.25 4.95%
842,958.96
1,681.50

0.58%
(41,854.61)
A1 / A+
NR

2.44 2.31
78016EZ59 Royal Bank of Canada Note

3.375% Due 04/14/2025
1,050,000.00 04/07/2022

3.39%
1,049,611.50
1,049,682.75

95.34 5.43%
1,001,063.70
1,673.44

0.69%
(48,619.05)
A1 / A
AA2.452.31
06406RBC0 Bank of NY Mellon Corp Callable Note Cont 3/25/2025

3.350% Due 04/25/2025
1,370,000.00 04/19/2022

3.35%
1,369,808.20
1,369,841.31

96.17 5.01%
1,317,571.47
764.92

0.91%
(52,269.84)
A1 / A
AA2.482.34
06367WB85 Bank of Montreal Note

1.850% Due 05/01/2025
1,240,000.00 07/23/2021

0.85%
1,285,656.80
1,270,304.95

91.81 5.40%
1,138,455.16
11,470.00

0.79%
(131,849.79)
A2 / AAA2.50

2.36 46647PCH7 JP Morgan Chase & Co Callable Note Cont 6/1/2024

0.824% Due 06/01/2025
1,370,000.00 05/24/2021

0.78%
1,371,773.90
1,370,935.51

92.09 5.15%
1,261,691.92
4,703.67

0.87%
(109,243.59)
A1 / AAA2.59

2.48 46647PCK0 JP Morgan Chase & Co Callable Note Cont 6/23/2024

0.969% Due 06/23/2025
655,000.00 Various

0.95%
655,406.85
655,222.93

91.92 5.24%
602,095.00
2,256.70

0.42%
(53,127.93)
A1 / AAA2.65

2.53 66815L2J7 Northwestern Mutual Glbl Note

4.000% Due 07/01/2025
1,170,000.00 06/27/2022

4.01%
1,169,602.20
1,169,646.84

96.74 5.33%
1,131,836.94
15,600.00

0.79%
(37,809.90)
Aaa / AA+
AAA

2.67 2.45
As of October 31, 2022
26 385
CC 01-17-2023
385 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
74153WCM9 Pricoa Global Funding Note

0.800% Due 09/01/2025
904,000.00 04/06/2022

3.26%
832,972.72
844,810.60

88.10 5.38%
796,418.58
1,205.33

0.55%
(48,392.02)
Aa3 / AAAA2.84

2.73 06406HCQ0 Bank of New York Callable Note Cont 10/18/2025

3.950% Due 11/18/2025
1,000,000.00 04/05/2022

3.20%
1,024,910.00
1,020,893.50

96.62 5.16%
966,162.00
17,884.72

0.68%
(54,731.50)
A1 / A
AA3.052.77
40139LBC6 Guardian Life Glob Fun Note

0.875% Due 12/10/2025
1,400,000.00 Various

1.12%
1,385,860.00
1,389,491.77

87.00 5.48%
1,217,980.40
4,797.92

0.84%
(171,511.37)
Aa1 / AA+
NR

3.11 2.98
66815L2A6 Northwestern Mutual Glbl Note

0.800% Due 01/14/2026
850,000.00 12/06/2021

1.47%
827,449.50
832,387.13

86.78 5.34%
737,669.10
2,021.11

0.51%
(94,718.03)
Aaa / AA+
AAA

3.21 3.07
06051GHY8 Bank of America Corp Callable Note Cont 2/13/2025

2.015% Due 02/13/2026
600,000.00 05/24/2021

1.05%
620,988.00
612,895.50

91.49 5.56%
548,935.20
2,619.50

0.38%
(63,960.30)
A2 / AAA3.29

3.08 46647PBK1 JP Morgan Chase & Co Callable Note Cont 4/22/2025

2.083% Due 04/22/2026
401,000.00 05/20/2021

1.11%
415,969.33
410,459.28

91.02 5.73%
364,991.00
208.82

0.25%
(45,468.28)
A1 / AAA3.48

3.26 6174468Q5 Morgan Stanley Callable Note Cont 4/28/2025

2.188% Due 04/28/2026
650,000.00 05/23/2022

4.37%
615,699.50
619,526.61

91.23 5.76%
593,009.95
118.52

0.41%
(26,516.66)
A1 / AA3.49

3.27 023135BX3 Amazon.com Inc Callable Note Cont 4/12/2026

1.000% Due 05/12/2026
1,875,000.00 05/10/2021

1.09%
1,866,900.00
1,869,286.53

87.51 4.90%
1,640,795.63
8,802.08

1.13%
(228,490.90)
A1 / AA
AA3.533.37
91324PEC2 United Health Group Inc Callable Note Cont 4/15/2026

1.150% Due 05/15/2026
1,035,000.00 Various

1.37%
1,025,051.35
1,027,015.47

88.00 4.88%
910,748.25
5,488.37

0.63%
(116,267.22)
A3 / A+
A

3.54 3.37
89236TJK2 Toyota Motor Credit Corp Note

1.125% Due 06/18/2026
1,385,000.00 06/15/2021

1.13%
1,384,390.60
1,384,557.80

86.70 5.19%
1,200,821.32
5,756.41

0.83%
(183,736.48)
A1 / A+
A+

3.63 3.46
06051GJD2 Bank of America Corp Callable Note Cont 6/19/2025

1.319% Due 06/19/2026
700,000.00 07/16/2021

1.27%
701,274.00
700,856.16

88.26 5.68%
617,808.10
3,385.43

0.43%
(83,048.06)
A2 / AAA3.64

3.43 57629WDE7 Mass Mutual Global funding Note

1.200% Due 07/16/2026
1,000,000.00 08/19/2021

1.15%
1,002,230.00
1,001,687.47

87.11 5.06%
871,056.00
3,500.00

0.60%
(130,631.47)
Aa3 / AA+
AA+

3.71 3.53
58989V2D5 Met Tower Global Funding Note

1.250% Due 09/14/2026
770,000.00 09/07/2021

1.27%
769,291.60
769,451.82

85.61 5.42%
659,221.64
1,256.60

0.45%
(110,230.18)
Aa3 / AAAA3.87

3.67 931142ER0 Wal-Mart Stores Callable Note Cont 08/17/2026

1.050% Due 09/17/2026
350,000.00 09/08/2021

1.09%
349,338.50
349,487.03

87.02 4.76%
304,554.95
449.17

0.21%
(44,932.08)
Aa2 / AA
AA

3.88 3.71
59217GER6 Metlife Note

1.875% Due 01/11/2027
1,115,000.00 01/03/2022

1.90%
1,113,728.90
1,113,933.56

86.73 5.46%
967,046.19
6,388.02

0.67%
(146,887.37)
Aa3 / AAAA4.20

3.91 808513BY0 Charles Schwab Corp Callable Note Cont 2/3/2027

2.450% Due 03/03/2027
960,000.00 03/01/2022

2.46%
959,729.90
959,765.17

89.13 5.28%
855,667.20
3,789.33

0.59%
(104,097.97)
A2 / A
A

4.34 4.01
As of October 31, 2022
27 386
CC 01-17-2023
386 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
084664CZ2 Berkshire Hathaway Callable Note Cont 2/15/2027

2.300% Due 03/15/2027
1,615,000.00 03/07/2022

2.30%
1,614,693.15
1,614,731.97

89.95 4.88%
1,452,635.98
4,746.31

1.00%
(162,095.99)
Aa2 / AA
A+

4.37 4.06
06051GHT9 Bank of America Corp Callable Note 1X 4/23/2026

3.559% Due 04/23/2027
1,150,000.00 Various

4.70%
1,114,222.54
1,116,015.02

92.06 5.85%
1,058,665.85
909.53

0.73%
(57,349.17)
A2 / AAA4.48

4.04 665859AW4 Northern Trust Company Callable Note Cont 4/10/2027

4.000% Due 05/10/2027
670,000.00 05/05/2022

4.04%
668,914.60
669,018.62

95.68 5.08%
641,039.92
12,730.00

0.45%
(27,978.70)
A2 / A+
A+

4.53 3.99
91324PEG3 United Health Group Inc Callable Note Cont 4/15/2027

3.700% Due 05/15/2027
675,000.00 05/17/2022

3.69%
675,316.70
675,288.00

94.46 5.08%
637,588.80
11,169.38

0.45%
(37,699.20)
A3 / A+
A

4.54 4.03
TOTAL Corporate 42,790,000.00 1.97%
42,826,786.07
42,718,557.68 5.20%
39,352,605.27
222,966.23

27.22%
(3,365,952.41)
A1 / A+
AA2.792.63
Money Market Fund
94975H270 Wells Fargo 100% Treasury Money Mkt Fund 274,584.01 Various

2.66%
274,584.01
274,584.01

1.00 2.66%
274,584.01

0.00 0.19%

0.00 Aaa / AAA
NR

0.00 0.00
TOTAL Money Market Fund 274,584.01 2.66%
274,584.01
274,584.01 2.66%
274,584.01

0.00 0.19%

0.00 Aaa / AAA
NR

0.00 0.00
Municipal Bonds
13063DRK6 California State Taxable GO

2.400% Due 10/01/2024
755,000.00 10/16/2019

1.91%
772,342.35
761,729.29

95.80 4.72%
723,259.80
1,510.00

0.50%
(38,469.49)
Aa2 / AAAA1.92

1.84 TOTAL Municipal Bonds 755,000.00 1.91%
772,342.35
761,729.29 4.72%
723,259.80
1,510.00

0.50%
(38,469.49)
Aa2 / AAAA1.92

1.84 Supranational
4581X0DP0 Inter-American Dev Bank Note

0.250% Due 11/15/2023
2,800,000.00 07/01/2021

0.37%
2,792,300.00
2,796,614.50

95.81 4.42%
2,682,596.00
3,227.78

1.85%
(114,018.50)
Aaa / AAA
NR

1.04 1.01
45950KCT5 International Finance Corp Note

0.375% Due 07/16/2025
2,500,000.00 05/27/2021

0.66%
2,471,150.00
2,481,073.17

89.43 4.57%
2,235,732.50
2,734.38

1.54%
(245,340.67)
Aaa / AAA
NR

2.71 2.63
459058JL8 Intl. Bank Recon & Development Note

0.500% Due 10/28/2025
2,400,000.00 Various

0.60%
2,388,859.25
2,392,913.85

88.67 4.60%
2,127,986.41
100.00

1.46%
(264,927.44)
Aaa / AAA
AAA

2.99 2.90
As of October 31, 2022
28 387
CC 01-17-2023
387 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
4581X0DV7 Inter-American Dev Bank Note

0.875% Due 04/20/2026
2,460,000.00 04/13/2021

0.97%
2,448,733.20
2,452,188.52

88.28 4.57%
2,171,589.60
657.71

1.49%
(280,598.92)
Aaa / AAA
AAA

3.47 3.34
TOTAL Supranational 10,160,000.00 0.64%
10,101,042.45
10,122,790.04 4.53%
9,217,904.51
6,719.87

6.35%
(904,885.53)
Aaa / AAA
AAA

2.47 2.39
US Treasury
912828V23 US Treasury Note

2.250% Due 12/31/2023
1,500,000.00 06/21/2019

1.80%
1,529,472.66
1,507,586.84

97.29 4.66%
1,459,336.50
11,372.28

1.01%
(48,250.34)
Aaa / AA+
AAA

1.17 1.12
912828B66 US Treasury Note

2.750% Due 02/15/2024
2,000,000.00 Various

2.14%
2,053,613.28
2,015,012.01

97.57 4.71%
1,951,406.00
11,657.61

1.35%
(63,606.01)
Aaa / AA+
AAA

1.29 1.24
91282CBR1 US Treasury Note

0.250% Due 03/15/2024
1,450,000.00 03/30/2021

0.33%
1,446,488.28
1,448,374.20

94.18 4.67%
1,365,662.20
470.65

0.94%
(82,712.00)
Aaa / AA+
AAA

1.37 1.34
912828X70 US Treasury Note

2.000% Due 04/30/2024
1,700,000.00 06/10/2019

1.92%
1,705,976.56
1,701,828.12

96.15 4.69%
1,634,589.10

93.92 1.12%
(67,239.02)
Aaa / AA+
AAA

1.50 1.45
912828XX3 US Treasury Note

2.000% Due 06/30/2024
2,000,000.00 Various

1.80%
2,018,574.22
2,006,386.20

95.81 4.64%
1,916,172.00
13,478.27

1.33%
(90,214.20)
Aaa / AA+
AAA

1.67 1.60
912828D56 US Treasury Note

2.375% Due 08/15/2024
1,700,000.00 09/18/2019

1.71%
1,753,191.41
1,719,382.81

96.14 4.65%
1,634,323.90
8,557.74

1.13%
(85,058.91)
Aaa / AA+
AAA

1.79 1.72
912828YY0 US Treasury Note

1.750% Due 12/31/2024
2,100,000.00 03/15/2022

1.97%
2,087,203.13
2,090,085.87

94.46 4.46%
1,983,678.90
12,383.15

1.37%
(106,406.97)
Aaa / AA+
AAA

2.17 2.07
912828ZC7 US Treasury Note

1.125% Due 02/28/2025
1,500,000.00 03/18/2020

0.81%
1,523,144.53
1,510,887.02

92.63 4.49%
1,389,375.00
2,890.19

0.96%
(121,512.02)
Aaa / AA+
AAA

2.33 2.25
91282CED9 US Treasury Note

1.750% Due 03/15/2025
3,100,000.00 Various

2.23%
3,057,617.20
3,065,995.60

93.91 4.48%
2,911,216.20
7,043.51

2.01%
(154,779.40)
Aaa / AA+
AAA

2.37 2.28
912828ZL7 US Treasury Note

0.375% Due 04/30/2025
2,500,000.00 03/21/2022

2.24%
2,360,839.85
2,388,304.06

90.50 4.43%
2,262,597.50

25.90 1.56%
(125,706.56)
Aaa / AA+
AAA

2.50 2.44
91282CAB7 US Treasury Note

0.250% Due 07/31/2025
1,500,000.00 03/12/2021

0.72%
1,469,765.63
1,481,034.98

89.26 4.44%
1,338,925.50
947.69

0.92%
(142,109.48)
Aaa / AA+
AAA

2.75 2.68
91282CAM3 US Treasury Note

0.250% Due 09/30/2025
2,400,000.00 Various

0.56%
2,366,140.63
2,378,438.46

88.73 4.41%
2,129,625.60
527.47

1.47%
(248,812.86)
Aaa / AA+
AAA

2.92 2.84
91282CAT8 US Treasury Note

0.250% Due 10/31/2025
2,450,000.00 Various

0.49%
2,422,492.19
2,432,734.53

88.33 4.45%
2,164,038.45

16.92 1.49%
(268,696.08)
Aaa / AA+
AAA

3.00 2.92
91282CAZ4 US Treasury Note

0.375% Due 11/30/2025
2,250,000.00 03/26/2021

0.77%
2,209,658.20
2,223,412.70

88.38 4.45%
1,988,613.00
3,550.20

1.37%
(234,799.70)
Aaa / AA+
AAA

3.08 2.99
91282CBH3 US Treasury Note

0.375% Due 01/31/2026
2,500,000.00 05/27/2021

0.75%
2,456,445.31
2,469,748.73

87.80 4.45%
2,195,020.00
2,369.23

1.51%
(274,728.73)
Aaa / AA+
AAA

3.25 3.16
As of October 31, 2022
29 388
CC 01-17-2023
388 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
91282CBW0 US Treasury Note

0.750% Due 04/30/2026
2,500,000.00 05/27/2021

0.80%
2,493,652.34
2,495,495.21

88.20 4.43%
2,204,882.50

51.80 1.52%
(290,612.71)
Aaa / AA+
AAA

3.50 3.38
91282CCZ2 US Treasury Note

0.875% Due 09/30/2026
1,400,000.00 10/18/2021

1.19%
1,379,054.68
1,383,436.16

87.53 4.37%
1,225,436.80
1,076.92

0.84%
(157,999.36)
Aaa / AA+
AAA

3.92 3.77
91282CDG3 US Treasury Note

1.125% Due 10/31/2026
1,400,000.00 11/15/2021

1.25%
1,391,468.75
1,393,114.64

88.19 4.38%
1,234,625.00

43.51 0.85%
(158,489.64)
Aaa / AA+
AAA

4.00 3.83
91282CEW7 US Treasury Note

3.250% Due 06/30/2027
3,250,000.00 Various

3.18%
3,260,312.50
3,259,367.14

95.66 4.29%
3,108,826.50
35,591.03

2.16%
(150,540.64)
Aaa / AA+
AAA

4.67 4.22
91282CFB2 US Treasury Note

2.750% Due 07/31/2027
400,000.00 08/22/2022

3.12%
393,218.75
393,482.03

93.45 4.29%
373,796.80
2,779.89

0.26%
(19,685.23)
Aaa / AA+
AAA

4.75 4.35
91282CFH9 US Treasury Note

3.125% Due 08/31/2027
4,500,000.00 Various

3.28%
4,468,902.34
4,469,798.36

95.16 4.24%
4,282,029.00
24,084.94

2.96%
(187,769.36)
Aaa / AA+
AAA

4.84 4.40
91282CFM8 US Treasury Note

4.125% Due 09/30/2027
3,450,000.00 Various

4.31%
3,421,152.34
3,421,196.22

99.42 4.26%
3,430,055.55
12,510.99

2.37%
8,859.33
Aaa / AA+
AAA

4.92 4.39
TOTAL US Treasury 47,550,000.00 1.87%
47,268,384.78
47,255,101.89 4.45%
44,184,232.00
151,523.81

30.50%
(3,070,869.89)
Aaa / AA+
AAA

3.07 2.89
TOTAL PORTFOLIO 155,796,033.53 1.68%
155,883,030.64
155,563,286.37 4.81%
144,891,416.81
484,466.77
100.00%
(10,671,869.56
)
Aa1 / AA
AAA

2.82 2.43
TOTAL MARKET VALUE PLUS ACCRUALS 145,375,883.58
As of October 31, 2022
30 389
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389 of 1241
SECTION | Section 4 | Transactions
31 390
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390 of 1241
Transaction Ledger
City of Cupertino - Account #10659
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 08/05/2022 06051GHT9 638,000.00 Bank of America Corp Callable Note 1X 4/23/2026

3.559% Due: 04/23/2027

96.937 4.53% 618,458.06 6,433.49 624,891.55 0.00
Purchase 08/09/2022 06051GHT9 512,000.00 Bank of America Corp Callable Note 1X 4/23/2026

3.559% Due: 04/23/2027

96.829 4.56% 495,764.48 5,365.39 501,129.87 0.00
Purchase 08/11/2022 92348KAV5 570,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due: 07/20/2027

99.996 3.75% 569,974.92 0.00 569,974.92 0.00
Purchase 08/23/2022 91282CFB2 400,000.00 US Treasury Note

2.75% Due: 07/31/2027

98.305 3.12% 393,218.75 687.50 393,906.25 0.00
Purchase 08/31/2022 91282CFH9 3,000,000.00 US Treasury Note

3.125% Due: 08/31/2027

99.652 3.20% 2,989,570.31 0.00 2,989,570.31 0.00
Purchase 09/09/2022 91282CFH9 1,100,000.00 US Treasury Note

3.125% Due: 08/31/2027

99.059 3.33% 1,089,644.53 854.63 1,090,499.16 0.00
Purchase 09/20/2022 91282CFH9 400,000.00 US Treasury Note

3.125% Due: 08/31/2027

97.422 3.70% 389,687.50 690.61 390,378.11 0.00
Purchase 10/03/2022 3137FBBX3 1,000,000.00 FHLMC K068 A2

3.244% Due: 08/25/2027

95.066 4.41% 950,664.06 180.22 950,844.28 0.00
Purchase 10/03/2022 91282CEW7 250,000.00 US Treasury Note

3.25% Due: 06/30/2027

96.836 3.99% 242,089.84 2,097.49 244,187.33 0.00
Purchase 10/06/2022 91282CFM8 1,000,000.00 US Treasury Note

4.125% Due: 09/30/2027
100.656 3.98% 1,006,562.50 679.95 1,007,242.45 0.00
Purchase 10/19/2022 47800BAC2 1,050,000.00 John Deere Owner Trust 2022-C A3

5.09% Due: 06/15/2027

99.992 5.15% 1,049,918.52 0.00 1,049,918.52 0.00
Purchase 10/25/2022 91282CFM8 2,450,000.00 US Treasury Note

4.125% Due: 09/30/2027

98.555 4.45% 2,414,589.84 6,941.11 2,421,530.95 0.00
Subtotal 12,370,000.00 12,210,143.31 23,930.39 12,234,073.70 0.00 TOTAL ACQUISITIONS 12,370,000.00 12,210,143.31 23,930.39 12,234,073.70 0.00 July 31, 2022 through October 31, 2022
As of October 31, 2022
32 391
CC 01-17-2023
391 of 1241
Transaction Ledger
City of Cupertino - Account #10659
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

DISPOSITIONS
Sale 08/05/2022 06051GHF9 536,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due: 03/05/2024

99.708 2.16% 534,434.88 7,928.33 542,363.21 -4,079.30
Sale 08/09/2022 06051GHF9 664,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due: 03/05/2024

99.650 2.16% 661,676.00 10,083.58 671,759.58 -5,379.82
Sale 08/29/2022 3130A3DL5 1,600,000.00 FHLB Note

2.375% Due: 09/08/2023

98.827 1.52% 1,581,232.00 18,050.00 1,599,282.00 -32,395.40 Sale 08/29/2022 3137EAER6 1,350,000.00 FHLMC Note

0.375% Due: 05/05/2023

98.006 0.39% 1,323,082.35 1,603.13 1,324,685.48 -26,788.48 Sale 09/09/2022 3130A3DL5 400,000.00 FHLB Note

2.375% Due: 09/08/2023

98.773 1.52% 395,092.00 26.39 395,118.39 -8,214.92
Sale 09/09/2022 912828T91 650,000.00 US Treasury Note

1.625% Due: 10/31/2023

97.930 1.82% 636,542.97 3,788.72 640,331.69 -11,241.75
Sale 10/03/2022 3137B5JM6 999,609.65 FHLMC K034 A2

3.531% Due: 07/25/2023

99.277 4.20% 992,385.91 196.09 992,582.00 -18,626.91
Sale 10/06/2022 3137B4WB8 1,000,000.00 FHLMC K033 A2
Due: 07/25/2023

98.883 5.02% 988,828.13 425.00 989,253.13 -18,813.03
Sale 10/19/2022 3137B7MZ9 1,000,000.00 FHLMC K036 A2
Due: 10/25/2023

98.629 5.30% 986,289.06 1,763.50 988,052.56 -28,773.31
Sale 10/21/2022 3130A0F70 2,100,000.00 FHLB Note

3.375% Due: 12/08/2023

98.379 1.31% 2,065,959.00 26,184.38 2,092,143.38 -71,274.17 Subtotal 10,299,609.65 10,165,522.30 70,049.12 10,235,571.42 -225,587.09 TOTAL DISPOSITIONS 10,299,609.65 10,165,522.30 70,049.12 10,235,571.42 -225,587.09 July 31, 2022 through October 31, 2022
As of October 31, 2022
33 392
CC 01-17-2023
392 of 1241
Important Disclosures
2022 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS 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 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.

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.

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 it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.

As of October 31, 2022
34 393
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Benchmark Disclosures
ICE BofA 1-5 Yr US Treasury & Agency Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

As of October 31, 2022
35 394
CC 01-17-2023
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INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE • SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED

IRT - SAN FRANCISCO CA
510 N VALLEY MILLS DRIVE, SUITE 400
WACO, TX 76710-6075

CITY OF CUPERTINO -

CHANDLER ASSET MANAGEMENT

ACCOUNT NUMBER

MONTHLY STATEMENT
OCTOBER 1, 2022 THROUGH OCTOBER 31, 2022
ACCOUNT MANAGER: MICHAEL J WADE
TELEPHONE NUMBER: 515-878-6110
PFGEDD INVESTMENT CONTACT: IMR/CHRISTINE NORGREN
TELEPHONE NUMBER:

ADMINISTRATOR: BELINDA CONWAY
TELEPHONE NUMBER: 254-265-6137
30522 SE
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Custody and trust services are provided by Principal Bank®, Member FDIC, and/or Principal Trust Company®. These services are provided under the trade name Principal® Custody Solutions. Principal Trust Company is a trade name of Delaware Charter Guarantee & Trust Company. Principal Bank and Principal Trust Company are members of the Principal Financial Group®, Des Moines, IA 50392.

ASSET VALUATION PRACTICES
VALUES REFLECTED FOR PUBLICLY TRADED ASSETS ARE OBTAINED FROM UNAFFILIATED SOURCES. IN SITUATIONS WHERE AN ASSET VALUE CANNOT BE

PROVIDED BY OUR UNAFFILIATED PRICING SOURCES, SUCH AS BUT NOT LIMITED TO NON-PUBLICLY TRADED ASSETS, THE CUSTOMER OR THEIR DESIGNATED REPRESENTATIVE MUST PROVIDE THE UPDATED VALUE. IF PRINCIPAL CUSTODY SOLUTIONS DOES NOT RECEIVE AN UPDATED VALUE, OR IS UNABLE TO USE THE VALUE PROVIDED, THE LAST REPORTED VALUE WILL CONTINUE TO BE REPORTED. VALUES OBTAINED FROM THE CUSTOMER OR THEIR DESIGNATED REPRESENTATIVE SHOULD NOT BE CONSIDERED TO BE CERTIFIED BY PRINCIPAL BANK/PRINCIPAL TRUST COMPANY, AS APPLICABLE.

SPECIAL INVESTMENTS
"SPECIAL INVESTMENTS" ARE ASSETS NOT HELD IN CUSTODY BY PRINCIPAL BANK/PRINCIPAL TRUST COMPANY BUT WHOSE VALUE MAY BE SHOWN ON ACCOUNT STATEMENTS. EXAMPLES OF SPECIAL INVESTMENTS INCLUDE, BUT ARE NOT LIMITED TO, COMMON OR COLLECTIVE FUNDS NOT ADMINISTERED BY PRINCIPAL BANK/PRINCIPAL TRUST COMPANY (OR THEIR AFFILIATES), HEDGE FUNDS, LIMITED PARTNERSHIPS, AND OTHER UNREGISTERED SECURITIES.

AT THE DIRECTION OF AND AS A MATTER OF CONVENIENCE TO ITS CLIENTS, PRINCIPAL BANK/PRINCIPAL TRUST COMPANY MAY BE REPORT SPECIAL INVESTMENTS AS A RECORDKEEPING ITEM ON ACCOUNT STATEMENTS, AT NOMINAL VALUE OR SUCH OTHER VALUE PROVIDED BY CLIENTS/EXTERNAL SOURCES.

NEITHER PRINCIPAL BANK NOR PRINCIPAL TRUST COMPANY IS RESPONSIBLE FOR THE ACCURACY OF INFORMATION PROVIDED BY EXTERNAL SOURCES, AND

DOES NOT CERTIFY THAT INFORMATION PROVIDED BY THESE EXTERNAL SOURCES IS TRUE OR CORRECT FOR THE SPECIAL INVESTMENTS REFLECTED IN YOUR ACCOUNT.

TRADE CONFIRMS

PURSUANT TO FEDERAL REGULATION, MONTHLY OR QUARTERLY ACCOUNT STATEMENTS THAT INCLUDE INVESTMENT TRANSACTION DETAILS MAY BE PROVIDED IN LIEU OF SEPARATE TRADE CONFIRMATIONS. SEPARATE TRADE CONFIRMS MAY BE OBTAINED AT NO ADDITIONAL COST UPON WRITTEN REQUEST TO THE ACCOUNT MANAGER.

UNCLAIMED PROPERTY DESIGNATED REPRESENTATIVE NOTIFICATION

YOUR PROPERTY MAY BE TRANSFERRED TO THE APPROPRIATE STATE IF NO ACTIVITY OCCURS IN THE ACCOUNT WITHIN THE TIME PERIOD SPECIFIED BY STATE LAW. IF YOUR STATE OF RESIDENCE ALLOWS, YOU MAY DESIGNATE A REPRESENTATIVE FOR THE PURPOSE OF RECEIVING NOTICE OF ACCOUNT INACTIVITY BY PROVIDING THE NAME AND MAILING OR EMAIL ADDRESS OF A REPRESENTATIVE. THE DESIGNATED REPRESENTATIVE DOES NOT HAVE ANY RIGHTS TO YOUR ACCOUNT. PLEASE REFER TO YOUR STATE'S UNCLAIMED PROPERTY WEBSITE FOR MORE INFORMATION AND INSTRUCTIONS ON HOW TO DESIGNATE A REPRESENTATIVE FOR NOTICE.
396
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TABLE OF CONTENTS CITY OF CUPERTINO
FOR THE PERIOD OCTOBER 1, 2022 THROUGH OCTOBER 31, 2022 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ PAGE

REPORT NAME NUMBER
ASSET SUMMARY .................................................................................. 1 STATEMENT OF ASSETS AND LIABILITIES ............................................................ 2 CASH SUMMARY ................................................................................... 20 STATEMENT OF TRANSACTIONS ...................................................................... 21 397
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PAGE 1

ASSET SUMMARY CITY OF CUPERTINO
AS OF OCTOBER 31, 2022 ACCOUNT NUMBER
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯

ASSET SUMMARY
% TOTAL UNREALIZED ESTIMATED CURRENT ACCRUED

INVESTMENT CATEGORY COST VALUE MARKET VALUE MARKET GAIN/LOSS ANNUAL INCOME YIELD INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ CASH 0.00 0.00 0.00
CASH EQUIVALENTS 274,585.12 274,585.12 0.19 0.00 6,797 2.48 964.42 BONDS AND NOTES 155,608,446.63 144,664,481.14 99.81 10,943,965.49- 2,578,804 1.78 484,399.92 TOTAL INVESTMENTS 155,883,031.75 144,939,066.26 100.00 10,943,965.49- 2,585,602 1.78 485,364.34 TOTAL ACCRUALS 485,364.34 485,364.34
===================================================================================================================================== TOTAL ACCRUALS AND INVESTMENTS 156,368,396.09 145,424,430.60 10,943,965.49- 2,585,602 1.78 485,364.34 398
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PAGE 2

STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO
AS OF OCTOBER 31, 2022 ACCOUNT NUMBER
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

CASH EQUIVALENTS
225,429.02 ALLSPRING 100% TREASURY 225,429.02 225,429.02 0.16 0.00 900.92 MONEY MARKET FUND - #008 1.0000 1.0000
49,156.1 PRINCIPAL PUBLIC DEPOSIT SWEEP 49,156.10 49,156.10 0.03 0.00 63.50 PROGRAM 1.0000 1.0000
TOTAL CASH EQUIVALENTS 274,585.12 274,585.12 0.19 0.00 964.42

BOND & NOTES
1,675,000 AIR PRODUCTS & CHEMICALS 1,771,212.00 1,633,878.75 1.13 137,333.25- 14,183.99 DTD 07/31/14 3.350 07/31/2024 105.7440 97.5450
MOODY'S RATING A2
CUSIP 009158AV8
1,875,000 AMAZON.COM INC 1,866,900.00 1,641,187.50 1.13 225,712.50- 8,802.08 DTD 05/12/21 1.000 05/12/2026 99.5680 87.5300
MOODY'S RATING A1
CUSIP 023135BX3
1,375,000 AMERICAN EXPRESS CREDIT ACCOUNT 1,374,695.85 1,320,577.50 0.91 54,118.35- 2,071.67 ASSET BCKD SEC SER 2022-2 CL A 99.9779 96.0420
DTD 05/24/2022 3.390% 05/17/2027

NON CALLABLE
CUSIP 02582JJT8
1,545,000 AMERICAN EXPRESS CREDIT ACCOUNT 1,524,359.77 1,445,532.90 1.00 78,826.87- 1,517.53 ASSET BCKD SEC SER 2022-1 CL A 98.6641 93.5620
DTD 03/18/2022 2.210% 03/15/2027

NON CALLABLE

MOODY'S RATING AAA
CUSIP 02589BAA8
399
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STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,150,000 BANK OF AMERICA CORP 1,114,222.54 1,058,908.50 0.73 55,314.04- 909.52 MED TERM NOTE 96.8889 92.0790
DTD 04/23/19 04/23/2027
MOODY'S RATING A2
CUSIP 06051GHT9
600,000 BANK OF AMERICA CORP 620,988.00 548,838.00 0.38 72,150.00- 2,619.50 MED TERM NOTE 103.4980 91.4730
DTD 02/13/20 02/13/2026
MOODY'S RATING A2
CUSIP 06051GHY8
700,000 BANK OF AMERICA CORP 701,274.00 618,030.00 0.43 83,244.00- 3,385.43 MED TERM NOTE 100.1820 88.2900
DTD 06/19/20 06/19/2026
MOODY'S RATING A2
CUSIP 06051GJD2
600,000 BANK OF MONTREAL 582,216.00 554,520.00 0.38 27,696.00- 1,166.67 MED TERM NOTE 97.0360 92.4200
DTD 07/09/21 0.625 07/09/2024
MOODY'S RATING A2
CUSIP 06367TQW3
1,240,000 BANK OF MONTREAL 1,285,656.80 1,139,274.80 0.79 146,382.00- 11,470.00 MED TERM NOTE 103.6820 91.8770
DTD 04/27/20 1.850 05/01/2025
MOODY'S RATING A2
CUSIP 06367WB85
1,000,000 BANK OF NEW YORK MELLON 1,024,910.00 966,280.00 0.67 58,630.00- 17,884.72 MED TERM NOTE 102.4910 96.6280
DTD 11/18/13 3.950 11/18/2025
MOODY'S RATING A1
CUSIP 06406HCQ0
1,370,000 BANK OF NY MELLON CORP 1,369,808.20 1,318,008.50 0.91 51,799.70- 764.92 DTD 04/26/2022 3.350% 04/25/2025 99.9860 96.2050

CALLABLE
MOODY'S RATING A1
CUSIP 06406RBC0
400
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STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

CALLABLE
MOODY'S RATING AA2
CUSIP 084664CZ2
450,000 BMW VEHICLE LEASE TRUST 449,932.73 431,554.50 0.30 18,378.23- 82.50 SER 2022-1 CL A3 *0 DAY DELAY* 99.9851 95.9010
DTD 01/19/22 1.100 03/25/2025
CUSIP 05601XAC3
425,000 BMW VEHICLE LEASE TRUST 424,956.14 411,922.75 0.28 13,033.39- 19.48 SER 2021-2 CL A3 *0 DAY DELAY* 99.9897 96.9230
DTD 09/15/21 0.330 12/26/2024

MOODY'S RATING AAA
CUSIP 09690AAC7
530,000 BMW VEHICLE OWNER TRUST 529,972.44 512,499.40 0.35 17,473.04- 283.55 ASSET BCKD SEC SER 2022-A CL A3 99.9948 96.6980
DTD 05/18/2022 3.210% 08/25/2026

CALLABLE

MOODY'S RATING AAA
CUSIP 05602RAD3
755,000 CALIFORNIA ST 772,342.35 723,259.80 0.50 49,082.55- 1,510.00 TXBL-REF 102.2970 95.7960
DTD 10/24/19 2.400 10/01/2024
MOODY'S RATING AA2
CUSIP 13063DRK6
1,100,000 CATERPILLAR FINL SERVICE 1,111,517.00 1,042,140.00 0.72 69,377.00- 11,365.14 MED TERM NOTE 101.0470 94.7400
DTD 11/08/19 2.150 11/08/2024
MOODY'S RATING A2
CUSIP 14913Q3B3
960,000 CHARLES SCHWAB CORP 959,729.90 856,492.80 0.59 103,237.10- 3,789.33 DTD 03/03/2022 2.450% 03/03/2027 99.9719 89.2180

CALLABLE
MOODY'S RATING A2
CUSIP 808513BY0
401
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STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 3130A0XE5
1,500,000 FED HOME LN BK 1,564,890.20 1,456,410.00 1.00 108,480.20- 16,411.46 DTD 05/08/14 2.875 06/14/2024 104.3260 97.0940

MOODY'S RATING AAA
CUSIP 3130A1XJ2
2,000,000 FED HOME LN BK 2,103,380.00 1,936,600.00 1.34 166,780.00- 7,666.67 DTD 08/15/14 2.875 09/13/2024 105.1690 96.8300

MOODY'S RATING AAA
CUSIP 3130A2UW4
1,300,000 FED HOME LN MTG CORP 1,398,414.06 1,256,229.00 0.87 142,185.06- 3,435.25 SER KO41 CL A2 *24 DAY DELAY* 107.5703 96.6330
DTD 12/01/14 3.171 10/25/2024
CUSIP 3137BFE98
2,365,000 FED HOME LN MTG CORP 2,363,178.95 2,212,244.65 1.53 150,934.30- 7,784.79 DTD 02/14/20 1.500 02/12/2025 99.9230 93.5410

MOODY'S RATING AAA
CUSIP 3137EAEP0
1,250,000 FED HOME LN MTG CORP 1,243,775.00 1,119,162.50 0.77 124,612.50- 1,302.08 SER USD 99.5020 89.5330
DTD 07/23/20 0.375 07/21/2025

MOODY'S RATING AAA
CUSIP 3137EAEU9
2,500,000 FED HOME LN MTG CORP 2,489,362.80 2,224,125.00 1.53 265,237.80- 989.58 DTD 09/25/20 0.375 09/23/2025 99.5745 88.9650

MOODY'S RATING AAA
CUSIP 3137EAEX3
1,755,000 FED HOME LN MTG CORP 1,753,262.55 1,673,708.40 1.15 79,554.15- 1,791.56 DTD 12/04/20 0.250 12/04/2023 99.9010 95.3680

MOODY'S RATING AAA
CUSIP 3137EAFA2
402
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STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 3135G0V75
1,975,000 FED NATL MTG ASSN 1,965,802.75 1,866,059.00 1.29 99,743.75- 1,426.39 DTD 10/18/19 1.625 10/15/2024 99.5343 94.4840

MOODY'S RATING AAA
CUSIP 3135G0W66
1,295,000 FED NATL MTG ASSN 1,309,953.95 1,217,325.90 0.84 92,628.05- 6,663.85 DTD 01/10/20 1.625 01/07/2025 101.1548 94.0020

MOODY'S RATING AAA
CUSIP 3135G0X24
1,860,000 FED NATL MTG ASSN 1,856,168.40 1,688,619.60 1.17 167,548.80- 290.63 DTD 04/24/20 0.625 04/22/2025 99.7940 90.7860

MOODY'S RATING AAA
CUSIP 3135G03U5
2,500,000 FED NATL MTG ASSN 2,499,227.30 2,254,475.00 1.56 244,752.30- 4,652.78 DTD 06/19/20 0.500 06/17/2025 99.9691 90.1790

MOODY'S RATING AAA
CUSIP 3135G04Z3
2,500,000 FED NATL MTG ASSN 2,487,983.75 2,228,825.00 1.54 259,158.75- 1,718.75 DTD 08/27/20 0.375 08/25/2025 99.5194 89.1530

MOODY'S RATING AAA
CUSIP 3135G05X7
2,500,000 FED NATL MTG ASSN 2,492,700.00 2,221,450.00 1.53 271,250.00- 6,041.67 DTD 11/12/20 0.500 11/07/2025 99.7080 88.8580

MOODY'S RATING AAA
CUSIP 3135G06G3
1,000,000 FHLMC MULTIFAMILY STRUCTURED P 1,079,687.50 952,470.00 0.66 127,217.50- 2,508.33 SER K049 CL A2 *24 DAY DELAY* 107.9688 95.2470
DTD 10/01/15 3.010 08/25/2025
CUSIP 3137BLMZ8
403
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STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 950,000 FHLMC MULTIFAMILY STRUCTURED P 1,018,132.81 911,278.00 0.63 106,854.81- 2,639.42 SER K050 CL A2 *24 DAY DELAY* 107.1719 95.9240
DTD 11/01/15 08/25/2025
CUSIP 3137BLW95
440,000 FHLMC MULTIFAMILY STRUCTURED P 453,079.69 421,308.80 0.29 31,770.89- 1,212.93 SER K051 CL A2 *24 DAY DELAY* 102.9727 95.7520
DTD 12/01/15 3.308 09/25/2025
CUSIP 3137BM7C4
570,000 FHLMC MULTIFAMILY STRUCTURED P 582,001.17 539,322.60 0.37 42,678.57- 1,422.63 SER K053 CL A2 *24 DAY DELAY* 102.1055 94.6180
DTD 03/01/16 2.995 12/25/2025
CUSIP 3137BN6G4
650,000 FHLMC MULTIFAMILY STRUCTURED P 687,451.17 600,528.50 0.41 86,922.67- 1,437.04 SER K058 CL A2 *24 DAY DELAY* 105.7617 92.3890
DTD 11/01/16 2.653 08/25/2026
CUSIP 3137BSP72
1,000,000 FHLMC MULTIFAMILY STRUCTURED P 950,664.06 933,830.00 0.64 16,834.06- 2,703.33 SER K068 CL A2 *24 DAY DELAY* 95.0664 93.3830
DTD 10/01/17 3.244 08/25/2027

MOODY'S RATING AAA
CUSIP 3137FBBX3
965,000 GM FINANCIAL AUTOMOBILE LEASIN 964,986.88 929,024.80 0.64 35,962.08- 104.54 SER 2021-3 CL A3 *0 DAY DELAY* 99.9987 96.2720
DTD 08/18/21 0.390 10/21/2024
CUSIP 36262XAC8
945,000 GM FINANCIAL AUTOMOBILE LEASIN 944,991.87 906,963.75 0.63 38,028.12- 534.19 SER 2022-1 CL A3 *0 DAY DELAY* 99.9992 95.9750
DTD 02/23/22 1.850 03/20/2025

MOODY'S RATING AAA
CUSIP 36265MAC9
404
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STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 362554AC1
390,000 GM FINANCIAL SECURITIZED TERM 389,918.49 374,813.40 0.26 15,105.09- 503.75 ASSET BCKD SEC SER 2022-2 CL A3 99.9791 96.1060
DTD 04/13/2022 3.100% 02/16/2027

CALLABLE

MOODY'S RATING AAA
CUSIP 362585AC5
295,000 GM FINANCIAL SECURITIZED TERM 294,974.36 279,536.10 0.19 15,438.26- 154.88 SER 2022-1 CL A3 *0 DAY DELAY* 99.9913 94.7580
DTD 01/19/22 1.260 11/16/2026
CUSIP 380146AC4
1,400,000 GUARDIAN LIFE GLOB FUND 1,385,860.00 1,218,616.00 0.84 167,244.00- 4,797.92 144A PRIV PLCMT 0.875 12/10/2025 98.9900 87.0440
MOODY'S RATING AA1
CUSIP 40139LBC6
69,491.63 HONDA AUTO RECEIVABLES OWNER T 69,486.17 68,332.51 0.05 1,153.66- 25.33 SER 2020-2 CL A3 *0 DAY DELAY* 99.9922 98.3320
DTD 05/27/20 0.820 07/15/2024

MOODY'S RATING AAA
CUSIP 43813DAC2
239,011.35 HONDA AUTO RECEIVABLES OWNER T 239,006.98 231,630.68 0.16 7,376.30- 17.93 SER 2021-1 CL A3 *0 DAY DELAY* 99.9982 96.9120
DTD 02/24/21 0.270 04/21/2025

MOODY'S RATING AAA
CUSIP 43813GAC5
347,302.9 HONDA AUTO RECEIVABLES OWNER T 347,251.88 339,196.85 0.23 8,055.03- 46.40 SER 2020-3 CL A3 *0 DAY DELAY* 99.9853 97.6660
DTD 09/29/20 0.370 10/18/2024
CUSIP 43813KAC6
405
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PAGE 9

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 43815BAC4
460,000 HONDA AUTO RECEIVABLES OWNER T 459,903.03 433,674.20 0.30 26,228.83- 112.44 SER 2021-4 CL A3 *0 DAY DELAY* 99.9789 94.2770
DTD 11/24/21 0.880 01/21/2026

MOODY'S RATING AAA
CUSIP 43815GAC3
26,130.61 HONDA AUTO RECEIVABLES OWNER T 26,086.69 26,102.91 0.02 16.22 20.67 SER 2019-3 CL A3 *0 DAY DELAY* 99.8319 99.8940
DTD 08/27/19 1.780 08/15/2023

MOODY'S RATING AAA
CUSIP 43815NAC8
790,000 HYUNDAI AUTO LEASE SECURITIZAT 789,881.50 771,845.80 0.53 18,035.70- 101.38 SER 2021-B CL A3 *0 DAY DELAY* 99.9850 97.7020
144A PRIV PLCMT 0.330 06/17/2024

MOODY'S RATING AAA
CUSIP 44891VAC5
540,000 HYUNDAI AUTO LEASE SECURITIZAT 539,988.07 516,402.00 0.36 23,586.07- 278.40 SER 2022-A CL A3 *0 DAY DELAY* 99.9978 95.6300
144A PRIV PLCMT 1.160 01/15/2025

MOODY'S RATING AAA
CUSIP 44891WAC3
1,010,000 HYUNDAI AUTO RECEIVABLES TRUST 1,009,961.12 960,106.00 0.66 49,855.12- 996.53 ASSET BCKD SEC SER 2022-A CL A3 99.9962 95.0600
DTD 03/16/2022 2.220% 10/15/2026

CALLABLE
CUSIP 448977AD0
515,000 HYUNDAI AUTO RECEIVABLES TRUST 514,945.82 495,357.90 0.34 19,587.92- 86.98 SER 2021-A CL A3 *0 DAY DELAY* 99.9895 96.1860
DTD 04/28/21 0.380 09/15/2025
CUSIP 44933LAC7
406
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STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,330,000 HYUNDAI AUTO RECEIVABLES TRUST 1,296,371.65 1,249,468.50 0.86 46,903.15- 437.42 SER 2021-C CL A3 *0 DAY DELAY* 97.4716 93.9450
DTD 11/17/21 0.740 05/15/2026
CUSIP 44935FAD6
2,800,000 INTER-AMERICAN DEVEL BK 2,792,300.00 2,683,044.00 1.85 109,256.00- 3,227.78 DTD 09/02/20 0.250 11/15/2023 99.7250 95.8230

MOODY'S RATING AAA
CUSIP 4581X0DP0
2,460,000 INTER-AMERICAN DEVEL BK 2,448,733.20 2,173,336.20 1.50 275,397.00- 657.71 DTD 04/20/21 0.875 04/20/2026 99.5420 88.3470

MOODY'S RATING AAA
CUSIP 4581X0DV7
2,400,000 INTL BK RECON & DEVELOP 2,388,859.25 2,128,872.00 1.47 259,987.25- 100.00 DTD 10/28/20 0.500 10/28/2025 99.5358 88.7030

MOODY'S RATING AAA
CUSIP 459058JL8
2,500,000 INTL FINANCE CORP 2,471,150.00 2,237,075.00 1.54 234,075.00- 2,734.38 DTD 07/16/20 0.375 07/16/2025 98.8460 89.4830

MOODY'S RATING AAA
CUSIP 45950KCT5
1,030,000 JOHN DEERE CAPITAL CORP 1,029,268.70 977,531.80 0.67 51,736.90- 1,339.00 MED TERM NOTE 99.9290 94.9060
DTD 03/04/21 0.450 01/17/2024
MOODY'S RATING A2
CUSIP 24422EVN6
450,000 JOHN DEERE OWNER TRUST 449,900.46 427,738.50 0.30 22,161.96- 464.00 ASSET BCKD SEC SER 2022-A CL A3 99.9779 95.0530
DTD 03/16/2022 2.320% 09/16/2026

NON CALLABLE

MOODY'S RATING AAA
CUSIP 47787JAC2
407
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PAGE 11

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 121,373.32 JOHN DEERE OWNER TRUST 121,354.82 118,961.63 0.08 2,393.19- 27.51 SER 2020-B CL A3 *0 DAY DELAY* 99.9848 98.0130
DTD 07/22/20 0.510 11/15/2024

MOODY'S RATING AAA
CUSIP 47787NAC3
34,622.11 JOHN DEERE OWNER TRUST 34,942.64 34,584.72 0.02 357.92- 34.01 SER 2019-B CL A3 *0 DAY DELAY* 100.9258 99.8920
DTD 07/24/19 2.210 12/15/2023

MOODY'S RATING AAA
CUSIP 477870AC3
90,138.81 JOHN DEERE OWNER TRUST 90,133.30 89,181.54 0.06 951.76- 44.07 SER 2020-A CL A3 *0 DAY DELAY* 99.9939 98.9380
DTD 03/11/20 1.100 08/15/2024

MOODY'S RATING AAA
CUSIP 47789KAC7
580,000 JOHN DEERE OWNER TRUST 579,948.26 546,354.20 0.38 33,594.06- 125.67 SER 2021-B CL A3 *0 DAY DELAY* 99.9911 94.1990
DTD 07/21/21 0.520 03/16/2026

MOODY'S RATING AAA
CUSIP 47789QAC4
655,000 JOHN DEERE OWNER TRUST 654,937.45 636,673.10 0.44 18,264.35- 1,088.76 ASSET BCKD SEC SER 2022-B CL A3 99.9905 97.2020
DTD 07/20/2022 3.740% 02/16/2027

NON CALLABLE

MOODY'S RATING AAA
CUSIP 47800AAC4
1,050,000 JOHN DEERE OWNER TRUST 1,049,918.52 1,046,241.00 0.72 3,677.52- 1,781.50 ASSET BCKD SEC SER 2022-C CL A3 99.9923 99.6420
DTD 10/19/2022 5.090% 06/15/2027

CALLABLE

MOODY'S RATING AAA
CUSIP 47800BAC2
408
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PAGE 12

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 655,000 JPMORGAN CHASE & 655,406.85 602,233.20 0.42 53,173.65- 2,256.69 SER F2F 100.0621 91.9440
DTD 06/23/21 06/23/2025
MOODY'S RATING A1
CUSIP 46647PCK0
401,000 JPMORGAN CHASE & CO 415,969.33 365,042.33 0.25 50,927.00- 208.82 DTD 04/22/20 04/22/2026 103.7330 91.0330
MOODY'S RATING A1
CUSIP 46647PBK1
1,370,000 JPMORGAN CHASE & CO 1,371,773.90 1,261,975.50 0.87 109,798.40- 4,703.67 DTD 06/01/21 06/01/2025 100.1295 92.1150
MOODY'S RATING A1
CUSIP 46647PCH7
1,000,000 MASSMUTUAL GLOBAL FUNDIN 1,002,230.00 871,430.00 0.60 130,800.00- 3,500.00 144A PRIV PLCMT 1.200 07/16/2026 100.2230 87.1430
MOODY'S RATING AA3
CUSIP 57629WDE7
138,632.94 MERCEDES-BENZ AUTO LEASE TRUST 138,625.91 137,826.10 0.10 799.81- 24.65 SER 2020-B CL A3 *0 DAY DELAY* 99.9949 99.4180
DTD 09/23/20 0.400 11/15/2023
CUSIP 58769EAC2
1,115,000 MET LIFE GLOB FUNDING I 1,113,728.90 967,318.25 0.67 146,410.65- 6,388.02 144A PRIV PLCMT 1.875 01/11/2027 99.8860 86.7550
MOODY'S RATING AA3
CUSIP 59217GER6
770,000 MET TOWER GLOBAL FUNDING 769,291.60 659,389.50 0.45 109,902.10- 1,256.60 144A PRIV PLCMT 1.250 09/14/2026 99.9080 85.6350
MOODY'S RATING AA3
CUSIP 58989V2D5
650,000 MORGAN STANLEY 615,699.50 593,209.50 0.41 22,490.00- 118.52 DTD 04/28/20 04/28/2026 94.7230 91.2630
MOODY'S RATING A1
CUSIP 6174468Q5
409
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PAGE 13

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,680,000 NEW YORK LIFE GLOBAL FDG 1,678,185.60 1,548,741.60 1.07 129,444.00- 7,240.33 144A PRIV PLCMT 1.450 01/14/2025 99.8920 92.1870

MOODY'S RATING AAA
CUSIP 64952WEK5
254,640.73 NISSAN AUTO RECEIVABLES OWNER 255,903.95 253,438.83 0.17 2,465.12- 218.43 SER 2019-C CL A3 *0 DAY DELAY* 100.4961 99.5280
DTD 10/23/19 1.930 07/15/2024

MOODY'S RATING AAA
CUSIP 65479JAD5
670,000 NORTHERN TRUST CORP 668,914.60 641,223.50 0.44 27,691.10- 12,730.00 DTD 05/10/2022 4.000% 05/10/2027 99.8380 95.7050

CALLABLE
MOODY'S RATING A2
CUSIP 665859AW4
850,000 NORTHWESTERN MUTUAL GLBL 827,449.50 737,825.50 0.51 89,624.00- 2,021.11 144A PRIV PLCMT 0.800 01/14/2026 97.3470 86.8030

MOODY'S RATING AAA
CUSIP 66815L2A6
1,170,000 NORTHWESTERN MUTUAL GLBL 1,169,602.20 1,132,244.10 0.78 37,358.10- 15,600.00 DTD 07/01/2022 4.000% 07/01/2025 99.9660 96.7730

NON CALLABLE
144A PRIVATE PLACEMENT

MOODY'S RATING AAA
CUSIP 66815L2J7
370,000 PACCAR FINANCIAL CORP 369,182.30 351,278.00 0.24 17,904.30- 1,679.39 MED TERM NOTE 99.7790 94.9400
DTD 08/15/19 2.150 08/15/2024
MOODY'S RATING A1
CUSIP 69371RQ25
680,000 PACCAR FINANCIAL CORP 679,632.80 627,096.00 0.43 52,536.80- 774.44 MED TERM NOTE 99.9460 92.2200
DTD 08/09/21 0.500 08/09/2024
MOODY'S RATING A1
CUSIP 69371RR40
410
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PAGE 14

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

NON CALLABLE
MOODY'S RATING A1
CUSIP 69371RR73
904,000 PRICOA GLOBAL FUNDING 1 832,972.72 796,731.36 0.55 36,241.36- 1,205.33 144A PRIV PLCMT 0.800 09/01/2025 92.1430 88.1340
MOODY'S RATING AA3
CUSIP 74153WCM9
885,000 PRICOA GLOBAL FUNDING 1 884,088.45 811,863.60 0.56 72,224.85- 4,099.27 144A PRIV PLCMT 1.150 12/06/2024 99.8970 91.7360
MOODY'S RATING AA3
CUSIP 74153WCQ0
1,500,000 ROYAL BANK OF CANADA 1,533,359.18 1,430,715.00 0.99 102,644.18- 11,156.25 DTD 07/16/19 2.550 07/16/2024 102.2240 95.3810
MOODY'S RATING A1
CUSIP 78013XZU5
1,050,000 ROYAL BANK OF CANADA 1,049,611.50 1,006,551.00 0.69 43,060.50- 1,673.44 MEDIUM TERM NOTE 99.9630 95.8620

CONVERTIBLE
DTD 04/14/2022 3.375% 04/14/2025

NON CALLABLE
MOODY'S RATING A1
CUSIP 78016EZ59
1,760,000 SALESFORCE.COM INC 1,748,937.40 1,639,281.60 1.13 109,655.80- 3,238.89 DTD 07/12/21 0.625 07/15/2024 99.3715 93.1410
MOODY'S RATING A2
CUSIP 79466LAG9
1,500,000 TORONTO-DOMINION BANK 1,527,255.00 1,437,165.00 0.99 90,090.00- 15,347.92 MED TERM NOTE 101.8170 95.8110
DTD 06/12/19 2.650 06/12/2024
MOODY'S RATING A1
CUSIP 89114QCA4
411
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PAGE 15

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 89240BAC2
700,000 TOYOTA LEASE OWNER TRUST 686,000.00 686,931.00 0.47 931.00 68.25 SER 2021-A CL A3 *0 DAY DELAY* 98.0000 98.1330
144A PRIV PLCMT 0.390 04/22/2024

MOODY'S RATING AAA
CUSIP 89238EAC0
1,150,000 TOYOTA LEASE OWNER TRUST 1,149,818.99 1,103,839.00 0.76 45,979.99- 688.72 ASSET BCKD SEC SER 2022-A CL A3 99.9843 95.9860
DTD 02/28/2022 1.960% 02/20/2025

CALLABLE
144A PRIVATE PLACEMENT
CUSIP 89238LAC4
1,385,000 TOYOTA MOTOR CREDIT CORP 1,384,390.60 1,203,495.75 0.83 180,894.85- 5,756.41 MED TERM NOTE 99.9560 86.8950
DTD 06/18/21 1.125 06/18/2026
MOODY'S RATING A1
CUSIP 89236TJK2
412
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PAGE 16

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 91282CED9
3,250,000 UNITED STATES TREASURY NOTES 3,260,312.50 3,109,600.00 2.15 150,712.50- 35,591.03 DTD 06/30/2022 3.250% 06/30/2027 100.3173 95.6800

MOODY'S RATING AAA
CUSIP 91282CEW7
400,000 UNITED STATES TREASURY NOTES 393,218.75 373,908.00 0.26 19,310.75- 2,779.89 DTD 07/31/2022 2.750% 07/31/2027 98.3047 93.4770

MOODY'S RATING AAA
CUSIP 91282CFB2
4,500,000 UNITED STATES TREASURY NOTES 4,468,902.34 4,283,100.00 2.96 185,802.34- 24,084.94 DTD 08/31/2022 3.125% 08/31/2027 99.3090 95.1800

MOODY'S RATING AAA
CUSIP 91282CFH9
3,450,000 UNITED STATES TREASURY NOTES 3,421,152.34 3,431,128.50 2.37 9,976.16 12,510.99 DTD 09/30/2022 4.125% 09/30/2027 99.1639 99.4530

MOODY'S RATING AAA
CUSIP 91282CFM8
1,035,000 UNITEDHEALTH GROUP INC 1,025,051.35 910,965.60 0.63 114,085.75- 5,488.38 DTD 05/19/21 1.150 05/15/2026 99.0388 88.0160
MOODY'S RATING A3
CUSIP 91324PEC2
675,000 UNITEDHEALTH GROUP INC 675,316.70 637,915.50 0.44 37,401.20- 11,169.37 DTD 05/20/2022 3.700% 05/15/2027 100.0469 94.5060

CALLABLE
MOODY'S RATING A3
CUSIP 91324PEG3
413
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PAGE 17

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 91282CAB7
2,400,000 US TREASURY NOTE 2,366,140.63 2,130,552.00 1.47 235,588.63- 527.47 DTD 09/30/20 0.250 09/30/2025 98.5892 88.7730

MOODY'S RATING AAA
CUSIP 91282CAM3
2,450,000 US TREASURY NOTE 2,422,492.19 2,165,089.50 1.49 257,402.69- 16.92 DTD 10/31/20 0.250 10/31/2025 98.8772 88.3710

MOODY'S RATING AAA
CUSIP 91282CAT8
2,250,000 US TREASURY NOTE 2,209,658.20 1,989,405.00 1.37 220,253.20- 3,550.21 DTD 11/30/20 0.375 11/30/2025 98.2070 88.4180

MOODY'S RATING AAA
CUSIP 91282CAZ4
2,500,000 US TREASURY NOTE 2,456,445.31 2,196,100.00 1.52 260,345.31- 2,369.23 DTD 02/01/21 0.375 01/31/2026 98.2578 87.8440

MOODY'S RATING AAA
CUSIP 91282CBH3
1,450,000 US TREASURY NOTE 1,446,488.28 1,365,943.50 0.94 80,544.78- 470.65 DTD 03/15/21 0.250 03/15/2024 99.7578 94.2030

MOODY'S RATING AAA
CUSIP 91282CBR1
2,500,000 US TREASURY NOTE 2,493,652.34 2,205,775.00 1.52 287,877.34- 51.80 DTD 04/30/21 0.750 04/30/2026 99.7461 88.2310

MOODY'S RATING AAA
CUSIP 91282CBW0
414
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PAGE 18

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 91282CCZ2
1,400,000 US TREASURY NOTE 1,391,468.75 1,235,066.00 0.85 156,402.75- 43.51 DTD 11/01/21 1.125 10/31/2026 99.3906 88.2190
CUSIP 91282CDG3
2,000,000 US TREASURY NOTE 2,053,613.28 1,952,260.00 1.35 101,353.28- 11,657.61 DTD 02/18/14 2.750 02/15/2024 102.6807 97.6130

MOODY'S RATING AAA
CUSIP 912828B66
1,700,000 US TREASURY NOTE 1,753,191.41 1,634,788.00 1.13 118,403.41- 8,557.74 DTD 08/15/14 2.375 08/15/2024 103.1289 96.1640

MOODY'S RATING AAA
CUSIP 912828D56
1,500,000 US TREASURY NOTE 1,529,472.66 1,459,455.00 1.01 70,017.66- 11,372.28 DTD 01/03/17 2.250 12/31/2023 101.9649 97.2970

MOODY'S RATING AAA
CUSIP 912828V23
2,000,000 US TREASURY NOTE 2,018,574.22 1,916,480.00 1.32 102,094.22- 13,478.26 DTD 06/30/17 2.000 06/30/2024 100.9287 95.8240

MOODY'S RATING AAA
CUSIP 912828XX3
1,700,000 US TREASURY NOTE 1,705,976.56 1,634,856.00 1.13 71,120.56- 93.92 DTD 05/01/17 2.000 04/30/2024 100.3516 96.1680

MOODY'S RATING AAA
CUSIP 912828X70
2,100,000 US TREASURY NOTE 2,087,203.13 1,984,248.00 1.37 102,955.13- 12,383.15 DTD 12/31/19 1.750 12/31/2024 99.3906 94.4880
CUSIP 912828YY0
415
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PAGE 19

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 912828ZC7
2,500,000 US TREASURY NOTE 2,360,839.85 2,263,675.00 1.56 97,164.85- 25.90 DTD 04/30/20 0.375 04/30/2025 94.4336 90.5470

MOODY'S RATING AAA
CUSIP 912828ZL7
570,000 VERIZON MASTER TRUST 569,974.92 558,924.90 0.39 11,050.02- 647.90 ASSET BCKD SEC SER 2022-5 CL A1A 99.9956 98.0570
DTD 08/11/2022 VAR CPN 07/20/2027

CALLABLE
CUSIP 92348KAV5
609,324.26 VERIZON OWNER TRUST 609,196.30 599,252.13 0.41 9,944.17- 87.51 SER 2020-B CL A *0 DAY DELAY* 99.9790 98.3470
DTD 08/12/20 0.470 02/20/2025

MOODY'S RATING AAA
CUSIP 92290BAA9
61,713.23 VERIZON OWNER TRUST 61,708.47 61,492.91 0.04 215.56- 36.58 SER 2019-C CL A1A *0 DAY DELAY* 99.9923 99.6430
144A PRIV PLCMT 1.940 04/22/2024
CUSIP 92348AAA3
350,000 WALMART INC 349,338.50 304,633.00 0.21 44,705.50- 449.17 DTD 09/17/21 1.050 09/17/2026 99.8110 87.0380
MOODY'S RATING AA2
CUSIP 931142ER0
TOTAL BOND & NOTES 155,608,446.63 144,664,481.14 99.81 10,943,965.49- 484,399.92 ====================================================================================================================================== TOTAL INVESTMENTS 155,883,031.75 144,939,066.26 100.00 10,943,965.49- 485,364.34 TOTAL ACCRUALS 485,364.34 485,364.34
====================================================================================================================================== TOTAL ACCRUALS AND INVESTMENTS 156,368,396.09 145,424,430.60 416
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PAGE 20

CASH SUMMARY CITY OF CUPERTINO
FOR THE PERIOD OCTOBER 1, 2022 THROUGH OCTOBER 31, 2022 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯

CASH SUMMARY

DESCRIPTION PRINCIPAL CASH INCOME CASH
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ BEGINNING BALANCE 0.00 0.00

RECEIPTS
NET INTEREST COLLECTED 0.00 240,805.13
TRANSFER RECEIPTS 240,804.02 0.00
SALES 5,466,916.61 0.00
CASH MANAGEMENT SALES 2,905,667.91 0.00
TOTAL CASH RECEIPTS 8,613,388.54 240,805.13

DISBURSEMENTS
INVESTMENT MANAGEMENT EXPENSES 9,017.17- 0.00
ADMINISTRATIVE EXPENSES 4,495.17- 0.00
TRANSFER DISBURSEMENTS 0.00 240,804.02-
PURCHASES 5,663,824.76- 0.00
CASH MANAGEMENT PURCHASES 2,936,052.55- 0.00
TOTAL CASH DISBURSEMENTS 8,613,389.65- 240,804.02-
ENDING BALANCE 1.11- 1.11
________________________________________________________________________________________________________________________________________ 417
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PAGE 21

STATEMENT OF TRANSACTIONS CITY OF CUPERTINO
FOR THE PERIOD OCTOBER 1, 2022 THROUGH OCTOBER 31, 2022 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
10/03/22 INTEREST RECEIVED 209.15
AS 100% TREAS MM FD-SVC CL #008
NO
10/03/22 INTEREST RECEIVED 44.39

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 9/1/22 TO 9/30/22
10/31/22 2,936,008.16 CASH SWEEP PURCHASES FOR STMT PERIOD 2,936,008.16- 2,936,008.16 AS 100% TREAS MM FD-SVC CL #008
13 TRANSACTIONS
10/31/22 44.39 CASH SWEEP PURCHASES FOR STMT PERIOD 44.39- 44.39

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
1 TRANSACTIONS
10/31/22 2,905,667.91- CASH SWEEP SALES FOR STMT PERIOD 2,905,667.91 2,905,667.91- AS 100% TREAS MM FD-SVC CL #008
6 TRANSACTIONS

BONDS & NOTES
10/17/22 INTEREST RECEIVED 2,845.38
AMERICAN EXPRES ABS 2.210% 3/15/27
CUSIP 02589BAA8
$0.00184/PV ON 1,545,000.00 PV
DUE 10/15/22
10/17/22 INTEREST RECEIVED 3,884.38
AMERICAN EXPRESS ABS 3.390% 5/17/27
CUSIP 02582JJT8
$0.00283/PV ON 1,375,000.00 PV
DUE 10/15/22
418
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PAGE 22

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/25/22 INTEREST RECEIVED 22,820.01
BANK OF NY MELLON 3.350% 4/25/25
CUSIP 06406RBC0
INTEREST ON 1,370,000.000 UNITS
10/25/22 INTEREST RECEIVED 116.88
BMW VEHICLE LEASE TR 0.330% 12/26/24
CUSIP 09690AAC7
$0.00027/PV ON 425,000.00 PV
DUE 10/25/22
10/25/22 INTEREST RECEIVED 412.50
BMW VEHICLE LEASE TR 1.100% 3/25/25
CUSIP 05601XAC3
10/25/22 INTEREST RECEIVED 1,417.75
BMW VEHICLE OWN ABS 3.210% 8/25/26
CUSIP 05602RAD3
10/03/22 INTEREST RECEIVED 9,060.00
CALIFORNIA ST 2.400% 10/01/24
CUSIP 13063DRK6
INTEREST ON 755,000.000 UNITS
10/21/22 2,100,000- SOLD 2,065,959.00 2,222,418.00- 156,459.00- FED HOME LN BK 3.375% 12/08/23
CUSIP 3130A0F70
AT $98.3790 ON TRADE DATE 10/20/2022
TO SETTLE ON 10/21/2022

MELLON BANK/CAPITAL MARKETS
10/21/22 ACCRUED INTEREST ON SALE 26,184.38
FED HOME LN BK 3.375% 12/08/23
CUSIP 3130A0F70
419
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PAGE 23

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/25/22 INTEREST RECEIVED 3,435.25
FED HOME LN MTG CORP 3.171% 10/25/24
CUSIP 3137BFE98
$0.00264/PV ON 1,300,000.00 PV
DUE 10/25/22
10/24/22 INTEREST RECEIVED 5,812.50
FED NATL MTG ASSN 0.625% 4/22/25
CUSIP 3135G03U5
INTEREST ON 1,860,000.000 UNITS
10/17/22 INTEREST RECEIVED 16,046.88
FED NATL MTG ASSN 1.625% 10/15/24
CUSIP 3135G0W66
INTEREST ON 1,975,000.000 UNITS
10/25/22 INTEREST RECEIVED 1,437.04
FHLMC MULTIFAMILY ST 2.653% 8/25/26
CUSIP 3137BSP72
$0.00221/PV ON 650,000.00 PV
DUE 10/25/22
10/25/22 INTEREST RECEIVED 1,422.62
FHLMC MULTIFAMILY ST 2.995% 12/25/25
CUSIP 3137BN6G4
$0.00250/PV ON 570,000.00 PV
DUE 10/25/22
10/25/22 INTEREST RECEIVED 2,508.33
FHLMC MULTIFAMILY ST 3.010% 8/25/25
CUSIP 3137BLMZ8
$0.00251/PV ON 1,000,000.00 PV
DUE 10/25/22
10/03/22 1,000,000 PURCHASED 950,664.06- 950,664.06
FHLMC MULTIFAMILY ST 3.244% 8/25/27
CUSIP 3137FBBX3
AT $95.0664 ON TRADE DATE 09/28/2022
TO SETTLE ON 10/03/2022

TORONTO DOMINION BANK
420
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PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/03/22 ACCRUED INTEREST ON PURCHASE 180.22-
FHLMC MULTIFAMILY ST 3.244% 8/25/27
CUSIP 3137FBBX3
10/25/22 INTEREST RECEIVED 1,212.93
FHLMC MULTIFAMILY ST 3.308% 9/25/25
CUSIP 3137BM7C4
$0.00276/PV ON 440,000.00 PV
DUE 10/25/22
10/20/22 INTEREST RECEIVED 1,007.50
GM FINANCIAL ABS 3.100% 2/16/27
CUSIP 362585AC5
10/20/22 INTEREST RECEIVED 313.63
GM FINANCIAL AUTOMOB 0.390% 10/21/24
CUSIP 36262XAC8
$0.00032/PV ON 965,000.00 PV
DUE 10/20/22
10/20/22 INTEREST RECEIVED 1,496.25
GM FINANCIAL AUTOMOB 1.850% 3/20/25
CUSIP 36265MAC9
$0.00158/PV ON 945,000.00 PV
DUE 10/20/22
10/17/22 INTEREST RECEIVED 198.33
GM FINANCIAL SECURIT 0.680% 9/16/26
CUSIP 362554AC1
$0.00057/PV ON 350,000.00 PV
DUE 10/16/22
10/17/22 INTEREST RECEIVED 309.75
GM FINANCIAL SECURIT 1.260% 11/16/26
CUSIP 380146AC4
$0.00105/PV ON 295,000.00 PV
DUE 10/16/22
421
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PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/21/22 INTEREST RECEIVED 57.86
HONDA AUTO RECEIVABL 0.270% 4/21/25
CUSIP 43813GAC5
$0.00023/PV ON 257,144.76 PV
DUE 10/21/22
10/21/22 18,133.41- PAID DOWN 18,133.41 18,133.08- 0.33 HONDA AUTO RECEIVABL 0.270% 4/21/25
CUSIP 43813GAC5
10/18/22 INTEREST RECEIVED 116.92
HONDA AUTO RECEIVABL 0.370% 10/18/24
CUSIP 43813KAC6
$0.00031/PV ON 379,188.47 PV
DUE 10/18/22
10/18/22 31,885.57- PAID DOWN 31,885.57 31,880.89- 4.68 HONDA AUTO RECEIVABL 0.370% 10/18/24
CUSIP 43813KAC6
10/17/22 INTEREST RECEIVED 52.95
HONDA AUTO RECEIVABL 0.820% 7/15/24
CUSIP 43813DAC2
$0.00068/PV ON 77,492.52 PV
DUE 10/15/22
10/17/22 8,000.89- PAID DOWN 8,000.89 8,000.26- 0.63
HONDA AUTO RECEIVABL 0.820% 7/15/24
CUSIP 43813DAC2
AT $1,674.6231 ON TRADE DATE 10/15/2022
TO SETTLE ON 10/17/2022
10/21/22 INTEREST RECEIVED 337.33
HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
$0.00073/PV ON 460,000.00 PV
DUE 10/21/22
422
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PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/17/22 INTEREST RECEIVED 1,159.33
HONDA AUTO RECEIVABL 1.000% 5/15/26
CUSIP 43815BAC4
$0.00157/PV ON 740,000.00 PV
DUE 10/15/22
10/17/22 INTEREST RECEIVED 99.75
HONDA AUTO RECEIVABL 1.780% 8/15/23
CUSIP 43815NAC8
$0.00148/PV ON 67,249.40 PV
DUE 10/15/22
10/17/22 41,118.79- PAID DOWN 41,118.79 41,049.67- 69.12 HONDA AUTO RECEIVABL 1.780% 8/15/23
CUSIP 43815NAC8
AT $645.1789 ON TRADE DATE 10/15/2022
TO SETTLE ON 10/17/2022
10/17/22 INTEREST RECEIVED 217.25
HYUNDAI AUTO LEASE 0.330% 6/17/24
CUSIP 44891VAC5
$0.00027/PV ON 790,000.00 PV
DUE 10/15/22
10/17/22 INTEREST RECEIVED 522.00
HYUNDAI AUTO LEASE 1.160% 1/15/25
CUSIP 44891WAC3
$0.00097/PV ON 540,000.00 PV
DUE 10/15/22
10/17/22 INTEREST RECEIVED 1,868.50
HYUNDAI AUTO REC ABS 2.220% 10/15/26
CUSIP 448977AD0
$0.00185/PV ON 1,010,000.00 PV
DUE 10/15/22
423
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PAGE 27

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/17/22 INTEREST RECEIVED 163.08
HYUNDAI AUTO RECEIVA 0.380% 9/15/25
CUSIP 44933LAC7
$0.00032/PV ON 515,000.00 PV
DUE 10/15/22
10/17/22 INTEREST RECEIVED 820.17
HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
$0.00062/PV ON 1,330,000.00 PV
DUE 10/15/22
10/20/22 INTEREST RECEIVED 10,762.50
INTER-AMERICAN DEVEL 0.875% 4/20/26
CUSIP 4581X0DV7
INTEREST ON 2,460,000.000 UNITS
10/28/22 INTEREST RECEIVED 6,000.00
INTL BK RECON & DEVE 0.500% 10/28/25
CUSIP 459058JL8
INTEREST ON 2,400,000.000 UNITS
10/19/22 1,050,000 PURCHASED 1,049,918.52- 1,049,918.52 JOHN DEERE OWNE ABS 5.090% 6/15/27
CUSIP 47800BAC2
AT $99.9922 ON TRADE DATE 10/12/2022
TO SETTLE ON 10/19/2022

CITIGROUP GBL MKTS/SALOMON BRO
10/17/22 INTEREST RECEIVED 870.00
JOHN DEERE OWNER ABS 2.320% 9/16/26
CUSIP 47787JAC2
$0.00193/PV ON 450,000.00 PV
DUE 10/15/22
424
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PAGE 28

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/17/22 INTEREST RECEIVED 2,041.42
JOHN DEERE OWNER ABS 3.740% 2/16/27
CUSIP 47800AAC4
$0.00312/PV ON 655,000.00 PV
DUE 10/15/22
10/17/22 INTEREST RECEIVED 54.92
JOHN DEERE OWNER TRU 0.510% 11/15/24
CUSIP 47787NAC3
$0.00042/PV ON 129,233.47 PV
DUE 10/15/22
10/17/22 7,860.15- PAID DOWN 7,860.15 7,858.95- 1.20
JOHN DEERE OWNER TRU 0.510% 11/15/24
CUSIP 47787NAC3
TO SETTLE ON 10/17/2022
10/17/22 INTEREST RECEIVED 251.33
JOHN DEERE OWNER TRU 0.520% 3/16/26
CUSIP 47789QAC4
$0.00043/PV ON 580,000.00 PV
DUE 10/15/22
10/17/22 INTEREST RECEIVED 94.10
JOHN DEERE OWNER TRU 1.100% 8/15/24
CUSIP 47789KAC7
$0.00092/PV ON 102,654.91 PV
DUE 10/15/22
10/17/22 12,516.1- PAID DOWN 12,516.10 12,515.33- 0.77
JOHN DEERE OWNER TRU 1.100% 8/15/24
CUSIP 47789KAC7
TO SETTLE ON 10/17/2022
10/17/22 INTEREST RECEIVED 104.17
JOHN DEERE OWNER TRU 2.210% 12/15/23
CUSIP 477870AC3
$0.00184/PV ON 56,564.67 PV
DUE 10/15/22
425
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PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/17/22 21,942.56- PAID DOWN 21,942.56 22,145.70- 203.14- JOHN DEERE OWNER TRU 2.210% 12/15/23
CUSIP 477870AC3
TO SETTLE ON 10/17/2022
10/17/22 INTEREST RECEIVED 58.19
MERCEDES-BENZ AUTO 0.400% 11/15/23
CUSIP 58769EAC2
$0.00033/PV ON 174,585.04 PV
DUE 10/15/22
10/17/22 35,952.1- PAID DOWN 35,952.10 35,950.28- 1.82
MERCEDES-BENZ AUTO 0.400% 11/15/23
CUSIP 58769EAC2
AT $372.6757 ON TRADE DATE 10/15/2022
TO SETTLE ON 10/17/2022
10/17/22 INTEREST RECEIVED 490.33
NISSAN AUTO RECEIVAB 1.930% 7/15/24
CUSIP 65479JAD5
$0.00161/PV ON 304,874.18 PV
DUE 10/15/22
10/17/22 50,233.45- PAID DOWN 50,233.45 50,482.65- 249.20- NISSAN AUTO RECEIVAB 1.930% 7/15/24
CUSIP 65479JAD5
AT $319.2713 ON TRADE DATE 10/15/2022
TO SETTLE ON 10/17/2022
10/07/22 INTEREST RECEIVED 12,611.25
PACCAR FINANCIAL 2.850% 4/07/25
CUSIP 69371RR73
INTEREST ON 885,000.000 UNITS
10/14/22 INTEREST RECEIVED 17,718.75
RYL BK CAN MTN CONV 3.375% 4/14/25
CUSIP 78016EZ59
INTEREST ON 1,050,000.000 UNITS
426
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PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/17/22 INTEREST RECEIVED 199.59
TOYOTA AUTO RECEIVAB 0.260% 5/15/25
CUSIP 89240BAC2
$0.00022/PV ON 921,202.94 PV
DUE 10/15/22
10/17/22 60,433.75- PAID DOWN 60,433.75 60,422.53- 11.22 TOYOTA AUTO RECEIVAB 0.260% 5/15/25
CUSIP 89240BAC2
TO SETTLE ON 10/17/2022
10/17/22 INTEREST RECEIVED 84.07
TOYOTA AUTO RECEIVAB 0.350% 1/15/25
CUSIP 89236XAC0
$0.00029/PV ON 288,227.20 PV
DUE 10/15/22
10/17/22 24,928.76- PAID DOWN 24,928.76 24,924.11- 4.65 TOYOTA AUTO RECEIVAB 0.350% 1/15/25
CUSIP 89236XAC0
TO SETTLE ON 10/17/2022
10/14/22 INTEREST RECEIVED 254.42
TOYOTA AUTO RECEIVAB 0.710% 4/15/26
CUSIP 89238JAC9
$0.00059/PV ON 430,000.00 PV
DUE 10/14/22
10/20/22 INTEREST RECEIVED 1,878.33
TOYOTA LEASE OWN ABS 1.960% 2/20/25
CUSIP 89238LAC4
$0.00163/PV ON 1,150,000.00 PV
DUE 10/20/22
10/20/22 INTEREST RECEIVED 227.50
TOYOTA LEASE OWNER 0.390% 4/22/24
CUSIP 89238EAC0
$0.00032/PV ON 700,000.00 PV
DUE 10/20/22
427
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PAGE 31

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/03/22 250,000 PURCHASED 242,089.84- 242,089.84
U.S. TREASURY NOTES 3.250% 6/30/27
CUSIP 91282CEW7
AT $96.8359 ON TRADE DATE 09/28/2022
TO SETTLE ON 10/03/2022
BARCLAYS CAPITAL INC. FIXED IN
10/03/22 ACCRUED INTEREST ON PURCHASE 2,097.49-
U.S. TREASURY NOTES 3.250% 6/30/27
CUSIP 91282CEW7
10/06/22 1,000,000 PURCHASED 1,006,562.50- 1,006,562.50 U.S. TREASURY NOTES 4.125% 9/30/27
CUSIP 91282CFM8
AT $100.6563 ON TRADE DATE 10/05/2022
TO SETTLE ON 10/06/2022
J.P. MORGAN SECURITIES INC., -
10/06/22 ACCRUED INTEREST ON PURCHASE 679.95-
U.S. TREASURY NOTES 4.125% 9/30/27
CUSIP 91282CFM8
10/25/22 2,450,000 PURCHASED 2,414,589.84- 2,414,589.84 U.S. TREASURY NOTES 4.125% 9/30/27
CUSIP 91282CFM8
AT $98.5547 ON TRADE DATE 10/20/2022
TO SETTLE ON 10/25/2022

CITADEL DERIVATIVES GROUP LLC
10/25/22 ACCRUED INTEREST ON PURCHASE 6,941.11-
U.S. TREASURY NOTES 4.125% 9/30/27
CUSIP 91282CFM8
10/31/22 INTEREST RECEIVED 3,063.61
US TREASURY NOTE 0.250% 10/31/25
CUSIP 91282CAT8
INTEREST ON 2,450,000.000 UNITS
428
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PAGE 32

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/31/22 INTEREST RECEIVED 4,687.50
US TREASURY NOTE 0.375% 4/30/25
CUSIP 912828ZL7
INTEREST ON 2,500,000.000 UNITS
10/31/22 INTEREST RECEIVED 9,375.00
US TREASURY NOTE 0.750% 4/30/26
CUSIP 91282CBW0
INTEREST ON 2,500,000.000 UNITS
10/31/22 INTEREST RECEIVED 7,875.00
US TREASURY NOTE 1.125% 10/31/26
CUSIP 91282CDG3
INTEREST ON 1,400,000.000 UNITS
10/31/22 INTEREST RECEIVED 17,000.00
US TREASURY NOTE 2.000% 4/30/24
CUSIP 912828X70
INTEREST ON 1,700,000.000 UNITS
10/20/22 INTEREST RECEIVED 1,767.00
VERIZON MAST ABS V-M 3.720% 7/20/27
CUSIP 92348KAV5
$0.00310/PV ON 570,000.00 PV
DUE 10/20/22
10/20/22 INTEREST RECEIVED 275.71
VERIZON OWNER TRUST 0.470% 2/20/25
CUSIP 92290BAA9
$0.00039/PV ON 703,950.04 PV
DUE 10/20/22
10/20/22 94,625.78- PAID DOWN 94,625.78 94,605.91- 19.87 VERIZON OWNER TRUST 0.470% 2/20/25
CUSIP 92290BAA9
AT $158.0914 ON TRADE DATE 10/20/2022
429
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PAGE 33

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/20/22 INTEREST RECEIVED 140.89
VERIZON OWNER TRUST 1.940% 4/22/24
CUSIP 92348AAA3
$0.00162/PV ON 87,146.08 PV
DUE 10/20/22
10/20/22 25,432.85- PAID DOWN 25,432.85 25,430.89- 1.96 VERIZON OWNER TRUST 1.940% 4/22/24
CUSIP 92348AAA3
AT $588.1969 ON TRADE DATE 10/20/2022
10/24/22 INTEREST RECEIVED 20,464.25
VR BANK OF AMERICA 3.559% 4/23/27
CUSIP 06051GHT9
INTEREST ON 1,150,000.000 UNITS
10/06/22 1,000,000- SOLD 988,828.13 1,037,656.25- 48,828.12- VR FED HOME LN MTG 3.060% 7/25/23
CUSIP 3137B4WB8
AT $98.8828 ON TRADE DATE 10/06/2022

TORONTO DOMINION BANK
10/06/22 ACCRUED INTEREST ON SALE 425.00
VR FED HOME LN MTG 3.060% 7/25/23
CUSIP 3137B4WB8
10/25/22 INTEREST RECEIVED 2,550.00
VR FED HOME LN MTG 3.060% 7/25/23
CUSIP 3137B4WB8
$0.00255/PV ON 0.00 PV
DUE 10/25/22
10/25/22 INTEREST RECEIVED 2,639.42
VR FHLMC MULTIFAMI 3.334% 8/25/25
CUSIP 3137BLW95
$0.00278/PV ON 950,000.00 PV
DUE 10/25/22
430
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PAGE 34

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/19/22 1,000,000- SOLD 986,289.06 1,061,914.06- 75,625.00- VR FHLMC MULTIFAMILY 3.527% 10/25/23
CUSIP 3137B7MZ9
AT $98.6289 ON TRADE DATE 10/18/2022
TO SETTLE ON 10/19/2022

TORONTO DOMINION BANK
10/19/22 ACCRUED INTEREST ON SALE 1,763.50
VR FHLMC MULTIFAMILY 3.527% 10/25/23
CUSIP 3137B7MZ9
10/25/22 INTEREST RECEIVED 2,939.17
VR FHLMC MULTIFAMILY 3.527% 10/25/23
CUSIP 3137B7MZ9
$0.00294/PV ON 0.00 PV
DUE 10/25/22
10/25/22 999,609.65- SOLD 992,385.91 1,053,455.81- 61,069.90- VR FHLMC MULTIFAMILY 3.531% 7/25/23
CUSIP 3137B5JM6
AT $99.2773 ON TRADE DATE 09/28/2022
TO SETTLE ON 10/25/2022

TORONTO DOMINION BANK
10/25/22 ACCRUED INTEREST ON SALE 196.09
VR FHLMC MULTIFAMILY 3.531% 7/25/23
CUSIP 3137B5JM6
10/25/22 INTEREST RECEIVED 2,942.50
VR FHLMC MULTIFAMILY 3.531% 7/25/23
CUSIP 3137B5JM6
$0.00294/PV ON 390.35 PV
DUE 10/25/22
10/25/22 390.35- PAID DOWN 390.35 411.38- 21.03-
VR FHLMC MULTIFAMILY 3.531% 7/25/23
CUSIP 3137B5JM6
431
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PAGE 35

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/24/22 INTEREST RECEIVED 4,176.42
VR JPMORGAN CHASE & 2.083% 4/22/26
CUSIP 46647PBK1
INTEREST ON 401,000.000 UNITS
10/28/22 INTEREST RECEIVED 7,111.00
VR MORGAN STANLEY 2.188% 4/28/26
CUSIP 6174468Q5
INTEREST ON 650,000.000 UNITS

TRANSFER RECEIPTS
10/03/22 ADDITION TO ACCOUNT 7,232.00

TRANSFER FROM INCOME
10/07/22 ADDITION TO ACCOUNT 12,356.30

TRANSFER FROM INCOME
10/14/22 ADDITION TO ACCOUNT 254.42

TRANSFER FROM INCOME
10/17/22 ADDITION TO ACCOUNT 49,776.86

TRANSFER FROM INCOME
10/18/22 ADDITION TO ACCOUNT 494.68

TRANSFER FROM INCOME
10/19/22 ADDITION TO ACCOUNT 1,007.50

TRANSFER FROM INCOME
10/20/22 ADDITION TO ACCOUNT 19,632.81

TRANSFER FROM INCOME
10/21/22 ADDITION TO ACCOUNT 25,572.07

TRANSFER FROM INCOME
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PAGE 36

STATEMENT OF TRANSACTIONS

REALIZED

TRANSFER FROM INCOME
10/25/22 ADDITION TO ACCOUNT 58,781.21

TRANSFER FROM INCOME
10/26/22 ADDITION TO ACCOUNT 4,772.67

TRANSFER FROM INCOME
10/28/22 ADDITION TO ACCOUNT 6,000.00

TRANSFER FROM INCOME
10/31/22 ADDITION TO ACCOUNT 49,111.00

TRANSFER FROM INCOME

INVESTMENT MANAGEMENT EXPENSES
10/05/22 INVESTMENT MGMT FEE 9,017.17-

PAID TO CHANDLER ASSET MANAGEMENT INC
CHANDLER ASSET MGMT FEE 2209CUPERTIN

ADMINISTRATIVE EXPENSES
10/20/22 ADMINISTRATIVE FEE/EXPENSE 4,495.17-

CUSTODIAN FEE-PRIN

TRANSFER DISBURSEMENTS
10/03/22 TRANSFER TO PRINCIPAL 7,232.00-
10/07/22 TRANSFER TO PRINCIPAL 12,356.30-
10/14/22 TRANSFER TO PRINCIPAL 254.42-
10/17/22 TRANSFER TO PRINCIPAL 49,776.86-
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INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE • SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED PAGE 37

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 10/18/22 TRANSFER TO PRINCIPAL 494.68-
10/19/22 TRANSFER TO PRINCIPAL 1,007.50-
10/20/22 TRANSFER TO PRINCIPAL 19,632.81-
10/21/22 TRANSFER TO PRINCIPAL 25,572.07-
10/24/22 TRANSFER TO PRINCIPAL 5,812.50-
10/25/22 TRANSFER TO PRINCIPAL 58,781.21-
10/26/22 TRANSFER TO PRINCIPAL 4,772.67-
10/28/22 TRANSFER TO PRINCIPAL 6,000.00-
10/31/22 TRANSFER TO PRINCIPAL 49,111.00-
================================================================================================================= ENDING BALANCE 0.00 155,883,031.75
¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
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CITY OF CUPERTINO
PARS Post-Employment Benefits Trust 10/1/2022 to 10/31/2022 Kristina Alfaro
Director of Administrative Services
City of Cupertino
10300 Torre Ave.

Cupertino, CA 95014
Account Summary
Source 10/1/2022 Contributions Earnings Expenses Distributions Transfers 10/31/2022 OPEB 1001 $29,792,834.81 $0.00 $1,361,727.13 $9,021.61 $0.00 $0.00 $31,145,540.33 PENSION 1002 $16,385,602.09 $0.00 $748,923.06 $4,961.73 $0.00 $0.00 $17,129,563.42 Totals $46,178,436.90 $0.00 $2,110,650.19 $13,983.34 $0.00 $0.00 $48,275,103.75 Investment Selection
Source
OPEB

PENSION
Investment Objective
Source
OPEB

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years OPEB 4.57% -6.37% -19.76% 1.81% 3.10% 5.25% 6/21/2010
PENSION 4.57% -6.36% -19.75% 3.01% - - 3/26/2019
Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Balance as of
Individual account based on US Bank Balanced MM. Dual goals are to provide a moderate amount of current income with moderate capital growth.

Income production and longer term growth of capital.

City of Cupertino - PEN
Plan's Inception Date
Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return
Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return.

Past performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Information is deemed reliable but may be subject to change.

Individual account based on US Bank Balanced MM. Dual goals are to provide a moderate amount of current income with moderate capital growth.

Income production and longer term growth of capital.

Account Report for the Period
Balance as of
City of Cupertino - OPEB
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11/2/22, 3:25 PM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
November 02, 2022
LAIF Home
PMIA Average Monthly
Yields

CITY OF CUPERTINO

FINANCE MANAGER
10300 TORRE AVENUE
CUPERTINO, CA 95014
Account Number:

October 2022 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
10/14/2022 10/13/2022 QRD 1716561 N/A SYSTEM 71,792 75
Account Summary
Total Deposit: 71,792.75 Beginning Balance: 21,099,180.18 Total Withdrawal 0.00 Ending Balance 21,170,972 93
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CITY OF CUPERTINO
Agenda Item
22-11709 Agenda Date: 1/17/2023
Agenda #: 15.

Subject: Consider the Monthly Treasurer's Report for November 2022 Receive the report
CITY OF CUPERTINO Page 1 of 1 Printed on 1/11/2023
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1 CITY COUNCIL STAFF REPORT
Meeting: January 17, 2023
Subject
Consider the Monthly Treasurer's Report for November 2022 Recommended Action
Receive the report.

Discussion
Background
California Government Code Section 41004 states:

Regularly, at least once each month, the city treasurer shall submit to the city clerk a written report and accounting of all receipts, disbursements, and fund balances.

The city treasurer shall file a copy with the legislative body.

The City's Municipal Code Section 2.24.030 Monthly Reports states:

Lastly, the City's Municipal Code Section 2.88.100 Duties–Powers–Responsibilities lists one of the powers and functions of the Audit Committee is "to review the monthly Treasurer's report."
Per the referenced code provisions, a Treasurer's Report (report and accounting of all receipts, disbursements, and fund balances) shall be submitted to the Audit Committee and City Council every month. Staff have previously included accounts payable reports with the treasurers reports following recommendation by a subcommittee and approval by council. These reports are not required under government code section 41004. Treasurers Reports were emailed to City Council and Audit Committee members to comply with the reporting requirement of 41004. Audit Committee will review the accounts payable reports for November and December at their January meeting.
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2 Cash vs. Accrual Basis Accounting
Cash and accrual basis accounting differ in the timing when revenues and expenses are recognized and recorded. Cash basis accounting recognizes revenues when payment is received and expenses when payment is paid. Accrual basis accounting recognizes revenues when they are earned (but not necessarily received) and expenses when they are incurred (but not necessarily paid).

Treasurer's Report
The report provides an update on the City's cash and fund balances for November 2022.

The report is as of December 19, 2022.

Receipts, Disbursements, and Cash Balance
The City's General Fund ending cash and investment balance was $109.6 million, an increase of $5.7 million from the prior month. Receipts were $11.0 million, disbursements were $(5.2) million, and journal adjustments were $(0.1) million for the month.

The City's total ending cash and investment balance was $218.2 million, an increase of $4.5 million from the prior month. Receipts were $11.9 million, disbursements were $(7.8) million, and journal adjustments were $0.3 million for the month.

In November 2022, the journal adjustments included the following:
• Parks and Recreation transactions imported from Active Network into New World • Workers’ Compensation transactions
• BNY Mellon debt service payment
• BMR fee revenue reclassification
Fund Balance/Net Position
The City's General Fund ending fund balance was $93.8 million, increasing by $0.4 million from the prior month due to revenues of $5.8 million and expenditures of $5.4 million.

The City's total ending fund balance was $198.4 million, decreasing by $1.3 million from the prior month due to revenues of $7.7 million and expenditures of $8.9 million. 439
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3 Sustainability Impact
No sustainability impact.

A – Report of City-wide Receipts, Disbursements, and Cash Balances November 2022 B – Report of City‐wide Fund Balances/Net Position November 2022 440
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November 2022 Report of City‐wide Receipts, Disbursements, and Cash Balances Cash and Investments
Beginning Balance Ending Balance
Fund Type Fund Number/Name as of October 31, 2022 Receipts Disbursements Journal Adjustments as of November 30, 2022 General Fund 100 General Fund 103,967,587 11,016,712 (5,218,777) (117,299) 109,648,223 General Fund 130 Investment Fund 189,996 ‐ ‐ ‐ 189,996
Special Revenue Funds 210 Storm Drain Improvement 2,215,616 ‐ (9,916) ‐ 2,205,701 Special Revenue Funds 215 Storm Drain AB1600 1,808,844 5,357 ‐ ‐ 1,814,201 Special Revenue Funds 230 Env Mgmt Cln Crk Strm Drain ‐ 727,179 ‐ (86,014) 641,164 Special Revenue Funds 260 CDBG 688,333 662 (37,431) ‐ 651,564 Special Revenue Funds 261 HCD Loan Rehab 221,894 ‐ ‐ ‐ 221,894Special Revenue Funds 265 BMR Housing 5,576,675 3,440 (32,340) 140,111 5,687,886 Special Revenue Funds 270 Transportation Fund 12,982,188 246,018 (794,887) ‐ 12,433,320 Special Revenue Funds 271 Traffic Impact 721,290 38,199 ‐ ‐ 759,489 Special Revenue Funds 280 Park Dedication 19,570,366 495,000 (47,599) ‐ 20,017,767 Special Revenue Funds 281 Tree Fund 71,648 ‐ ‐ ‐ 71,648 Debt Service Funds 365 Public Facilities Corp 2,682,650 ‐ (1,500) ‐ 2,681,150Capital Project Funds 420 Capital Improvement Fund 27,908,548 ‐ (299,072) ‐ 27,609,475 Capital Project Funds 427 Stevens Creek Corridor Park 163,306 ‐ (1,725) ‐ 161,581 Capital Project Funds 429 Capital Reserve* 11,620,392 ‐ ‐ ‐ 11,620,392 Enterprise Funds 520 Resource Recovery 5,810,307 130,102 (237,940) ‐ 5,702,469 Enterprise Funds 560 Blackberry Farm 1,170,830 985 (51,843) 40,790 1,160,763 Enterprise Funds 570 Sports Center 2,105,899 ‐ (425,453) 236,367 1,916,813Enterprise Funds 580 Recreation Program 3,478,831 ‐ (74,353) 82,768 3,487,247 Internal Service Funds 610 Innovation & Technology 4,226,674 ‐ (283,577) ‐ 3,943,097 Internal Service Funds 620 Workersʹ Compensation 3,714,549 ‐ (3,294) (44,973) 3,666,283 Internal Service Funds 630 Vehicle/Equip Replacement 1,087,165 ‐ (52,898) ‐ 1,034,267 Internal Service Funds 641 Compensated Absence/LTD 1,548,573 ‐ 806 ‐ 1,549,379 Internal Service Funds 642 Retiree Medical (582,000) ‐ (111,469) ‐ (693,469)Total $ 213,677,340 $ 11,936,475 $ (7,769,281) $ 337,766 $ 218,182,299 * For reporting purposes, this fund rolls up/combines with Fund 420Printed December 19, 2022For more information on funds, please see cupertino.org/fund‐structure 441
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November 2022 Report of City‐wide Fund Balances/Net Position Beginning Fund Balance Ending Fund Balance
Fund Type Fund Number/Name as of October 31, 2022 Revenues Expenditures as of November 30, 2022 General Fund 100 General Fund 93,443,785 5,800,573 5,430,112 93,814,247 General Fund 130 Investment Fund 229,425 ‐ ‐ 229,425Special Revenue Funds 210 Storm Drain Improvement 2,214,566 ‐ 64,301 2,150,265 Special Revenue Funds 215 Storm Drain AB1600 1,808,844 5,357 ‐ 1,814,201 Special Revenue Funds 230 Env Mgmt Cln Crk Strm Drain 743,241 24,634 91,360 676,515 Special Revenue Funds 260 CDBG 1,215,791 169 50,829 1,165,131 Special Revenue Funds 261 HCD Loan Rehab 221,894 ‐ ‐ 221,894 Special Revenue Funds 265 BMR Housing 5,576,665 143,551 116,672 5,603,544 Special Revenue Funds 270 Transportation Fund 12,942,110 590,433 1,035,814 12,496,729 Special Revenue Funds 271 Traffic Impact 721,290 38,199 ‐ 759,489 Special Revenue Funds 280 Park Dedication 19,552,714 495,000 30,285 20,017,429 Special Revenue Funds 281 Tree Fund 71,648 ‐ ‐ 71,648
Debt Service Funds 365 Public Facilities Corp 2,682,650 ‐ 361,900 2,320,750 Capital Project Funds 420 Capital Improvement Fund 24,834,113 ‐ 387,431 24,446,682 Capital Project Funds 427 Stevens Creek Corridor Park 163,306 ‐ 1,725 161,581Capital Project Funds 429 Capital Reserve* 11,620,392 ‐ ‐ 11,620,392 Enterprise Funds 520 Resource Recovery 5,167,104 130,102 233,611 5,063,595 Enterprise Funds 560 Blackberry Farm 897,809 41,131 53,899 885,041 Enterprise Funds 570 Sports Center 2,648,724 272,381 400,033 2,521,072 Enterprise Funds 580 Recreation Program 3,264,153 100,689 81,750 3,283,091Internal Service Funds 610 Innovation & Technology 3,856,681 ‐ 321,122 3,535,558 Internal Service Funds 620 Workersʹ Compensation 2,093,879 ‐ 48,266 2,045,612 Internal Service Funds 630 Vehicle/Equip Replacement 2,712,415 ‐ 73,390 2,639,025 Internal Service Funds 641 Compensated Absence/LTD 1,548,573 9,046 8,240 1,549,379 Internal Service Funds 642 Retiree Medical (582,000) ‐ 111,469 (693,469) Total $ 199,649,772 $ 7,651,265 $ 8,902,211 $ 198,398,826 * For reporting purposes, this fund rolls up/combines with Fund 420 Printed December 19, 2022For more information on funds, please see cupertino.org/fund‐structure 442
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CITY OF CUPERTINO
Agenda Item
22-11710 Agenda Date: 1/17/2023
Agenda #: 16.

Subject: Consider the Monthly Treasurer's Investment Report for November 2022 Receive the report
CITY OF CUPERTINO Page 1 of 1 Printed on 1/11/2023
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1 CITY COUNCIL STAFF REPORT
Meeting: January 17, 2023
Subject
Consider the Monthly Treasurer's Investment Report for November 2022 Recommended Action
Receive the report.

The City's Municipal Code Section 2.24.050 Investment Authority states that the Treasurer shall make a monthly report of all investment transactions to the City Council.

Treasurer's Investment Report
The report provides an update on the City's investment portfolio for the month ending November 30, 2022. The report is as of December 19, 2022.

The attached statements include balances and transactions of the City's investments with the Local Agency Investment Fund (LAIF) and Chandler Asset Management. While not
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2 governed by the City's Investment Policy, statements for the Public Agency Retirement Services (PARS) Section 115 Trusts are also attached per a request from the Monthly Treasurer's Report Subcommittee.

As of November 30, 2022, the City's General Ledger cash and investments balance was $218.2 million, a $4.5 million increase from the prior month due to receipts of $11.9 million, disbursements of $(7.8) million, and journal adjustments of $0.3 million.

Cash and Investments – General Ledger Balance
Fund Type
Month Ending
October 31,
2022
Receipts Disbursements Journal
Adjustments*
Month Ending
November 30,
2022
General Fund 104,157,583 11,016,712 (5,218,777) (117,299) 109,838,220 Special Revenue 44,584,033 788,676 (1,008,187) 140,111 44,504,633 Debt Service 2,682,650 - (1,500) - 2,681,150
Capital Projects 39,692,245 - (300,797) - 39,391,448
Enterprise 12,565,867 131,087 (789,588) 359,926 12,267,292 Internal Service 9,994,962 - (450,432) (44,973) 9,499,557 Total $213,677,340 $11,936,475 $(7,769,281) $337,766 $218,182,299 *Journal adjustments include transactions recorded in other systems and imported into the financial system, Council-approved budget adjustments, quarterly Cost Allocation Plan (CAP) charges, and quarterly interest earnings.
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3 The $218.2 million in cash and investments includes $31.0 million in cash, $21.1 million in cash equivalents, $148.8 million in investments, and $17.2 million restricted for funding pension costs.

The City pools cash for all funds except restricted funds. However, the City accounts for interest earnings, revenues, and expenditures separately for each fund to adequately meet the purpose and restrictions of each funding source. Pooling funds is a common and appropriate practice used in public agencies. By pooling funds, the City can benefit from economies of scale, diversification, liquidity, and ease of administration. 446
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4 Cash and Investments – General Ledger Balance
Month Ending
October 31, 2022
Month Ending
November 30,
2022
% of
Portfolio
Cash in banks and on hand
Operating Checking (Wells Fargo) 26,394,351 30,552,216 14% Workers' Compensation Checking (Wells Fargo) 52,305 47,333 0% Payroll Checking (Wells Fargo) - - 0%
Restricted for Bond Repayments1 (BNY Mellon) 8,333 360,400 0% Petty Cash and Change 5,000 5,000 0%
Cash Equivalents
Local Agency Investment Fund 21,131,545 21,131,545 10%
Investments
Investments (Chandler) 148,845,755 148,845,755 68%
Restricted for Pension2 (PARS) 17,240,051 17,240,051 8% Total Cash and Investments3 $213,677,340 $218,182,299 100% 1 Cash held by fiscal agent for bond repayments
2 In accordance with GASB 67/68, the assets in the Section 115 Pension Trust are reported as restricted cash and investments in the General Fund. The assets can only be used to fund CalPERS costs. 3 Assets in the Section 115 OPEB Trust are excluded as the City cannot use these assets to fund its own operations. The assets are held in trust for retirees' post-employment health benefits.

Cash and Investments – Bank Balance
Month Ending
October 31, 2022
Month Ending
November 30,
2022
% of
Portfolio
Cash in banks and on hand
Operating Checking (Wells Fargo) 26,702,950 30,474,316 14% Workers' Compensation Checking (Wells Fargo) 53.386 54,027 0% Payroll Checking (Wells Fargo) - - 0%
Restricted for Bond Repayments1 (BNY Mellon) 8,333 360,400 0% Cash Equivalents
Local Agency Investment Fund 21,170,973 21,170,973 10%
Investments
Investments (Chandler) 145,375,884 147,091,668 68%
Restricted for Pension2 (PARS) 17,129,563 18,054,973 8% Total Cash and Investments3 $210,441,089 $217,206,356 100% 447
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5 1 Cash held by fiscal agent for bond repayments
2 In accordance with GASB 67/68, the assets in the Section 115 Pension Trust are reported as restricted cash and investments in the General Fund. The assets can only be used to fund CalPERS costs. 3 Assets in the Section 115 OPEB Trust are excluded as the City cannot use these assets to fund its own operations. The assets are held in trust for retirees' post-employment health benefits.

As of November 30, 2022, the City's LAIF account had a balance of $21.2 million, no change from the previous month. Interest is deposited quarterly and was most recently deposited in October 2022. The City did not make any deposits or withdrawals in November 2022.

As of November 30, 2022, the portfolio's market value was $147.1 million, compared to $145.4 million at the end of the previous month. The table below includes historical comparisons of the City's portfolio.
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6 September 30,
2022 October 31, 2022 November 30, 2022
Market Value 145,810,488 145,375,884 147,091,668
Par Value 155,548,714 155,796,034 155,927,174
Book Value 155,475,533 155,563,286 155,696,350
Average Maturity 2.76 years 2.82 years 2.74 years
Average Modified Duration 2.38 2.43 2.34
Average Purchase Yield 1.58% 1.68% 1.69%
Average Market Yield 4.49% 4.81% 4.56%
Average Quality1 AA/Aa1 AA/Aa1 AA/Aa1
1 S&P and Moody's respectively
The portfolio's market value fluctuates depending on interest rates. When interest rates decrease after an investment is purchased, the market value of the investment increases.

The Section 115 Trusts are not governed by the City's Investment Policy but by separate investment policies. On December 6, 2022, City Council approved the Pension Trust Investment Policy and OPEB Trust Investment Policy. Public Agency Retirement Services (PARS) administers the trust, and US Bank manages the investments per the investment policies.

Both Section 115 Trusts are invested in "balanced" portfolios. The investment objective is designed to provide a moderate amount of current income with moderate growth of capital. It is recommended for investors with a long-term time horizon. The strategic asset allocation ranges for this objective are:
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7 Asset Class Range Target
Equities 50-70% 63%
Fixed Income 20-40% 29%
Real Estate 0-15% 5%
Commodities 0-10% 2%
Cash 0-10% 1%
As of November 30, 2022, the Section 115 Pension Trust had a balance of $18.1 million, an increase of $0.9 million from the prior month due to investment gains. The Section 115 OPEB Trust had a balance of $32.8 million, an increase of $1.7 million from the prior month due to investment gains. The one-month investment returns were 5.43% for both the Pension Trust and OPEB Trust.

Sustainability Impact
No sustainability impact.

A – Chandler Investment Report November 2022
B – Chandler Custodial Statement November 2022
C – PARS Pension and OPEB Account Statement November 2022 D – LAIF Account Statement November 2022
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CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com

INVESTMENT REPORT
Period Ending November 30, 2022
City of Cupertino
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SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Portfolio Holdings
SECTION 4 Transactions
Table of Contents As of November 30, 2022
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SECTION | Section 1 | Economic Update
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Economic Update



Market volatility has intensified as financial conditions tighten and global central banks pursue monetary policies to combat persistently high inflation and maintain financial market stability. Labor markets remain strong, although the pace of job growth is moderating. Inflation is weighing on consumer sentiment and negatively impacting savings rates. Corporate earnings have generally performed better than expected, but warnings are growing along with wider credit spreads this year. While evidence of slower economic conditions has begun to mount, we expect the Federal Reserve to continue to raise rates to battle inflation, albeit perhaps at a less aggressive pace. Over the near-term, we expect financial market volatility to remain intensified and conditions tighter with persistent inflation, geopolitical risk, and the Fed's hawkish monetary policy.

In November, yields declined, and the curve became more inverted. The 2-year Treasury yield declined 17 basis points to

4.31%, the 5-year Treasury yield fell 49 basis points to 3.74%, and the 10-year Treasury yield dropped 44 basis points to

3.61%. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -71 basis points at November month-end versus -44 basis points at October month-end. The spread was a positive 88 basis points one year ago. The inversion between 3-month and 10-year treasuries widened to -74 basis points in November from -2 basis points in October. The shape of the yield curve indicates that the probability of recession is increasing. 3 454
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Source: US Department of Labor Source: US Department of Labor Employment
The U.S. economy added 263,000 jobs in November, surpassing market expectations of 200,000, while gains were revised downward by 23,000 for the prior two months. Trends in employment remain strong, with the three-month moving average payrolls at 272,000 and the six-month moving average at 323,000. Gains were broad-based, led by leisure and hospitality followed by healthcare and government. The unemployment rate was unchanged at 3.7%, and the labor participation rate dipped to 62.1% in November from 62.2% in October. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons eased to 6.7% from 6.8% last month. Average hourly earnings rose 5.1% year-over-year in November compared to 4.9% year-over-year in October. While the pace of job growth is moderating, the report demonstrates a strong demand for labor and provides the Fed further support for continued rate hikes.
-200
-100
0 100
200
300
400
500
600
700
800
MOM Change In (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)

0.0%

4.0%

8.0%

12.0%

16.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
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Source: US Department of Labor Source: US Department of Commerce Inflation
The Consumer Price Index (CPI) increased less than expected in October, up 7.7% year-over-year versus consensus expectations for 7.9%, and down from 8.2% in September. The Core CPI, which excludes volatile food and energy components, rose 6.3% year-over-year, down from a

6.6% increase in September. The pace of price gains for food decelerated; however, shelter soared 6.9% year-over-year, accounting for over 40% of the core CPI increase. The Personal Consumption Expenditures (PCE) index rose 6.0% year-over-year in October, versus up 6.2% yearover-year in September. Core PCE increased 5.0% year-over-year in October versus up 5.1% year-over-year in September. Although the pace of inflation is below its recent highs, levels remain well above the Fed’s target of around 2%, which is likely to keep the Federal Reserve on the path of tightening monetary policy. If inflation trends continue to decline consistently, the Fed may tighten at a less aggressive pace.

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
YOY( %) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY( %) Change
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Advance retail sales were up 1.3% on the month, after an unrevised flat reading in September. This equates to +8.3% year-over-year, an upside surprise to consensus, but a continued slowing from the summer. The slower growth trend reflects headwinds from higher prices as consumers dip into savings and assume more debt. The Conference Board’s Consumer Confidence Index dropped 2 points to 100.2 in November as views of current conditions, the future outlook for the economy, and income expectations all declined. The US savings rate dipped to 2.3% in October, the lowest level since 2005, as consumers continue to be squeezed by higher prices and financing rates. Demand for goods and services going into the holiday season was strong as shoppers took advantage of Black Friday and Cyber Monday discounts from retailers looking to move excess inventory.

Source: US Department of Commerce Source: The Conference Board

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Consumer
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Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity
The Conference Board’s Leading Economic Index (LEI) remained in negative territory for the eighth consecutive month at -0.8% in October, following a downwardly revised 0.5% decline in September. The LEI is down 2.7% year-over-over vs -1.5% in September. The Conference Board cited consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing for the weakness. The Chicago Fed National Activity Index (CFNAI) decreased to -0.05 in October from +0.17 in September indicating below trend growth over the month. On a 3-month moving average basis, the CFNAI moved down to +0.09 in October from an upwardly revised +0.19 in September.
-1.00
-0.50

0.00 0.50

1.00 Chicago Fed National Activity Index (CFNAI)
3 Month Average
-1.0%
-0.5%

0.0%

0.5%

1.0%

1.5%
Leading Economic Indicators (LEI)
MOM ( %) Change
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Source: US Department of Commerce Source: S&P
Housing
0 200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)
Housing Starts
Multi Family Housing Starts
Single Family Housing Starts

0.0%

3.0%

6.0%

9.0%

12.0%

15.0%

18.0%

21.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
YOY( %) Change
Total housing starts declined 4.2% to an annual rate of 1,425,000 in October, after an upward revision to 1,488,000 units in September. Singlefamily home starts fell 6.1%, whereas multi-family starts declined by a more modest 0.5% month-over-month. On a year-over-year basis, total housing starts decreased 8.8% reflecting a shift from single-family units to more affordable multi-family units as homebuyers struggle with a combination of elevated prices and higher mortgage rates. Mortgage rates for a 30-year fixed-rate loan remain at a decade high, though rates receded to 6.39% by the end of November. According to the Case-Shiller 20-City Home Price Index, the year-over-year increase continued its declining rate of gain to +10.4% in September from +13.1% in August, clearly displaying the impact of higher mortgage rates which have reduced demand for homebuying as affordability has declined. 8 459
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Source: Institute for Supply Management Source: Federal Reserve Manufacturing
The Institute for Supply Management (ISM) manufacturing index declined to 49.0 in November from 50.2 in October. Readings below 50.0 are indicative of contraction in the manufacturing sector. The declining trend reflects a lower demand for goods as consumers shift to spending on services. Total industrial production decreased to -0.1% in October after a downward revision to +0.1% in September. The decrease was led by declines in the utilities and mining indices. This equates to a 3.3% reading from the prior year. Capacity utilization declined to 79.9% in October after a downward revision to 80.1% in September and continues to run slightly above the 1972-2021 average of 79.6%. 40 42
44 46
48 50
52 54
56 58
60 62
64 66
Institute of Supply Management Purchasing Manager Index

EXPANDING

CONTRACTING
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%
Industrial Production
YOY( %) Change
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Source: US Department of Commerce Source: US Department of Commerce 12/21 3/22 6/22 9/22

2.1% 0.9% 1.4% 1.2%

5.1% 1.0% -2.8% -1.7%
-0.2% -3.1% 1.2% 2.9%

0.0% -0.4% -0.2% 0.2%
-0.2% 0.0% -0.1% 0.3%

7.0% -1.6% -0.6% 2.9%
Gross Private Domestic Investment
Personal Consumption Expenditures
Components of GDP
Federal Government Expenditures
State and Local (Consumption and Gross
Investment)
Net Exports and Imports
Total
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
According to the second estimate, third quarter GDP increased at an annualized rate of 2.9%, revised up from 2.6%. The upward revision reflects stronger personal consumption expenditures and narrower net exports than in the advance estimate. Personal consumption expenditures rose 1.7% overall in the third quarter primarily due to continued strength in services spending. The consensus estimate calls for

0.5% growth in the fourth quarter and 1.8% growth for the full year 2022. 10 461
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Federal Reserve
Source: Federal Reserve Source: Bloomberg
As expected at the November 2nd meeting, the Federal Open Market Committee (FOMC) raised the fed funds target rate by 75 basis points for the fourth consecutive time to a range of 3.75 – 4.00%, the highest level since 2008. Federal Reserve Chairman Powell reiterated that the risks of pausing too soon outweigh the risks of slower economic growth. He commented that rates would likely reach higher levels than projected and that policy would need to remain restrictive forsome time. The Fed acknowledged the cumulative tightening of monetary policy and the lag in its effects on inflation and the economy. There was no change to the pace of balance sheet reduction, which is expected to continue at a pace of approximately $95 billion per month. We believe the FOMC will continue to implement restrictive monetary policy until inflationary pressures subside but will look for an opportunity to slow the pace of rate hikes as economic growth moderates.

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%
Effective Federal Funds Rate
Yield (%)
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
In $ millions
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Source: Bloomberg Source: Bloomberg

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Yield Curve
Nov-22
Aug-22
Nov-21
Yield (%)
Bond Yields
At the end of November, the 2-year Treasury yield was 374 basis points higher, and the 10-Year Treasury yield was about 216 basis points higher, year-over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -71 basis points at November month-end versus -44 basis points at October month-end. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year treasuries widened to -74 basis points in November from -2 basis points in October. The shape of the yield curve indicates that the probability of recession is increasing. 12 463
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Section 2| SECTION | Section 2 | Account Profile
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Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed incomes securities consistent with the investment policy and California Government Code.

As of November 30, 2022
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Compliance As of November 30, 2022
Category Standard Comment
Treasury Issues No Limitation Complies
Agency Issues 25% per Agency/GSE issuer; 20% max agency callable securities; Issued by Federal Agencies or U.S. Government Sponsored Enterprise obligations. Complies
Supranational "AA" rating category or better by a NRSRO; 30% maximum; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by IBRD, IFC, or IADB. Complies Municipal Securities
"A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Obligations of the City, State of California, and any local agency within the State of California; Obligations of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states in addition to California.

Complies
Corporate Medium Term Notes "A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S. Complies Asset Backed/ Mortgage Backed/
Collateralized Mortgage Obligation
"AA" rating category or better by a NRSRO; 20% maximum; 5% max per issuer on Asset-Backed or Commercial Mortgage security; There is no issuer limitation on any Mortgage security where the issuer is the U.S. Treasury or a Federal Agency/GSE. Complies Negotiable Certificates of Deposit
(NCDs)
No rating required if amount of the NCD is insured up to the FDIC limit; If above FDIC insured limit, requires "A-1" short-term rated or "A" long-term rating category or better by a NRSRO; 30% maximum; 5% max per issuer; Issued by nationally or state chartered banks, state or federal savings associations, or state or federal credit unions, or by a federally licensed or statelicensed branch of a foreign bank.

Complies
Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF; Not used by investment adviser Complies Repurchase Agreements 1 year max maturity; 102% collateralized; A PSA Master Repurchase Agreement is required between City of Cupertino and the broke/dealer or financial institution for all repurchase agreements; Not used by investment adviser Complies City of Cupertino
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. 15 466
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Compliance As of November 30, 2022
Category Standard Comment
Prohibited Securities
Reverse Repurchase Agreement; Common stocks; Long-term (> 5 years maturity) notes and bonds; Special circumstances arise that necessitate purchase of securities beyond the 5-year limitation. On such occasions, request must be approved by City Council prior to purchase; Futures/Options; Inverse floaters; Ranges notes, Mortgage-derived, Interest-only strips; Zero interest accrual securities; Purchasing/selling securities on margin; Foreign currency denominated securities.

Complies
Minimum Budgeted Operating
Expenditures in Short Term Investments
Minimum 6 months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements Complies
Max Per Issuer 5% per issuer, unless otherwise specified in the policy Complies Maximum maturity 5 years Complies
City of Cupertino
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy. 16 467
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Portfolio Summary – City of Cupertino #10659 As of November 30, 2022 17 468
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Purchase Yield as of 11/30/22 = 1.69%

0.00 0.50

1.00 1.50

2.00 2.50
Percent (%)
Historical Average Purchase Yield
City of Cupertino
As of November 30, 2022
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SECTION | Section 3 | Portfolio Holdings
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Issue Name Investment Type % Portfolio
Government of United States US Treasury 30.53%
Federal National Mortgage Association Agency 8.87%
Federal Home Loan Mortgage Corp Agency 4.96%
Federal Home Loan Mortgage Corp CMO 3.87%
Federal Home Loan Bank Agency 3.34%
Inter-American Dev Bank Supranational 3.32%
John Deere ABS ABS 1.94%
American Express ABS ABS 1.90%
Hyundai Auto Receivables ABS 1.84%
Royal Bank of Canada Corporate 1.69%
Toyota Motor Corp Corporate 1.62%
Bank of New York Corporate 1.58%
Bank of America Corp Corporate 1.55%
International Finance Corp Supranational 1.54%
JP Morgan Chase & Co Corporate 1.54%
Intl Bank Recon and Development Supranational 1.47%
Toronto Dominion Holdings Corporate 1.44%
Northwestern Mutual Glbl Corporate 1.30%
Paccar Financial Corporate 1.25%
GM Financial Automobile Leasing Trust ABS 1.25%
Toyota Lease Owner Trust ABS 1.17%
Honda ABS ABS 1.17%
Bank of Montreal Chicago Corporate 1.17%
Amazon.com Inc Corporate 1.14%
Metlife Inc Corporate 1.14%
Air Products & Chemicals Corporate 1.13%
Salesforce.com Inc Corporate 1.13%
Prudential Financial Inc Corporate 1.11%
United Health Group Inc Corporate 1.08%
New York Life Global Funding Corporate 1.07%
Berkshire Hathaway Corporate 1.03%
Toyota ABS ABS 0.97%
Hyundai Auto Lease Securitization ABS 0.88%
Guardian Life Global Funding Corporate 0.85%
US Bancorp Corporate 0.83%
Caterpillar Inc Corporate 0.71%
GM Financial Securitized Term Auto Trust ABS 0.67%
Deere & Company Corporate 0.67%
Issuers
City of Cupertino – Account #10659
As of November 30, 2022
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Issue Name Investment Type % Portfolio
Wells Fargo 100% Treasury MMKT Fund Money Market Fund 0.61% Mass Mutual Insurance Corporate 0.61%
Charles Schwab Corp/The Corporate 0.60%
BMW Vehicle Lease Trust ABS 0.58%
State of California Municipal Bonds 0.50%
Northern Trust Corp Corporate 0.45%
Morgan Stanley Corporate 0.41%
Verizon Master Trust ABS 0.38%
Verizon Owner Trust ABS 0.37%
BMW ABS ABS 0.35%
Wal-Mart Stores Corporate 0.21%
Nissan ABS ABS 0.14%
Mercedes-Benz Auto Lease Trust ABS 0.07%
TOTAL 100.00%
Issuers
City of Cupertino – Account #10659
As of November 30, 2022
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Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
58769EAC2 Mercedes-Benz Auto Lease Trust 2020-B A3

0.400% Due 11/15/2023
102,158.02 09/15/2020

0.40%
102,152.84
102,157.74

99.59 4.54%
101,737.44

18.16 0.07%
(420.30)

NR / AAA
AAA

0.96 0.10
477870AC3 John Deere Owner Trust 2019-B A3

2.210% Due 12/15/2023
2,330.73 08/27/2019

1.79%
2,352.31
2,335.94

99.90 5.06%
2,328.38

2.29 0.00%
(7.56)
Aaa / NR
AAA

1.04 0.04
92348AAA3 Verizon Owner Trust 2019-C A1A

1.940% Due 04/22/2024
38,078.92 10/01/2019

1.95%
38,075.98
38,078.02

99.73 4.60%
37,975.90

22.57 0.03%
(102.12)

NR / AAA
AAA

1.39 0.10
89238EAC0 Toyota Lease Owner Trust 2021-A A3

0.390% Due 04/22/2024
630,109.48 03/23/2022

2.16%
617,507.29
623,321.90

98.40 5.17%
620,010.09

75.09 0.42%
(3,311.81)
Aaa / AAA
NR

1.39 0.33
44891VAC5 Hyundai Auto Lease Trust 2021-B A3

0.330% Due 06/17/2024
790,000.00 06/08/2021

0.34%
789,881.50
789,958.43

98.10 4.91%
775,028.87
115.87

0.53%
(14,929.56)
Aaa / AAA
NR

1.55 0.41
65479JAD5 Nissan Auto Receivables Owner 2019-C A3

1.930% Due 07/15/2024
208,142.54 Various

1.70%
209,175.10
208,538.45

99.58 4.69%
207,275.08
178.54

0.14%
(1,263.37)
Aaa / AAA
NR

1.62 0.15
43813DAC2 Honda Auto Receivables 2020-2 A3

0.820% Due 07/15/2024
62,059.95 05/18/2020

0.83%
62,055.07
62,058.04

98.43 5.30%
61,086.64

22.62 0.04%
(971.40)
Aaa / AAA
NR

1.62 0.35
47789KAC7 John Deere Owner Trust 2020-A A3

1.100% Due 08/15/2024
70,972.34 03/04/2020

1.11%
70,968.00
70,970.67

98.96 4.86%
70,237.76

34.70 0.05%
(732.91)
Aaa / NR
AAA

1.71 0.27
43813KAC6 Honda Auto Receivables Trust 2020-3 A3

0.370% Due 10/18/2024
317,128.71 09/22/2020

0.38%
317,082.12
317,114.39

97.60 5.39%
309,512.92

42.37 0.21%
(7,601.47)

NR / AAA
AAA

1.88 0.48
36262XAC8 GM Financial Auto Lease Trust 2021-3 A2

0.390% Due 10/21/2024
965,000.00 08/10/2021

0.39%
964,986.88
964,993.85

96.68 5.49%
932,965.57
115.00

0.63%
(32,028.28)

NR / AAA
AAA

1.89 0.65
47787NAC3 John Deere Owner Trust 2020-B A3

0.510% Due 11/15/2024
107,984.82 07/14/2020

0.52%
107,968.36
107,979.51

98.16 5.44%
105,993.84

24.48 0.07%
(1,985.67)
Aaa / NR
AAA

1.96 0.37
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3

0.330% Due 12/26/2024
425,000.00 09/08/2021

0.34%
424,956.14
424,979.47

97.25 5.50%
413,311.61

23.38 0.28%
(11,667.86)
Aaa / NR
AAA

2.07 0.53
89236XAC0 Toyota Auto Receivables 2020-D A3

0.350% Due 01/15/2025
239,650.17 10/06/2020

0.36%
239,605.52
239,627.89

97.97 5.27%
234,778.94

37.28 0.16%
(4,848.95)

NR / AAA
AAA

2.13 0.41
44891WAC3 Hyundai Auto Lease Trust 2022-A A3

1.160% Due 01/15/2025
540,000.00 01/11/2022

1.16%
539,988.07
539,992.68

95.87 5.51%
517,724.89
278.40

0.35%
(22,267.79)
Aaa / AAA
NR

2.13 0.96
92290BAA9 Verizon Owner Trust 2020-B A

0.470% Due 02/20/2025
521,030.91 08/04/2020

0.48%
520,921.49
520,977.16

98.16 5.52%
511,456.60

74.83 0.35%
(9,520.56)
Aaa / NR
AAA

2.23 0.36
89238LAC4 Toyota Lease Owner Trust 2022-A A3

1.960% Due 02/20/2025
1,150,000.00 02/23/2022

1.98%
1,149,818.99
1,149,878.25

96.19 5.23%
1,106,176.95
688.72

0.75%
(43,701.30)

NR / AAA
AAA

2.23 1.18
36265MAC9 GM Financial Auto Lease Trust 2022-1 A3

1.900% Due 03/20/2025
945,000.00 02/15/2022

1.91%
944,991.87
944,994.77

96.18 5.47%
908,919.33
548.63

0.62%
(36,075.44)
Aaa / NR
AAA

2.30 1.08
As of November 30, 2022
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Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3

1.100% Due 03/25/2025
450,000.00 01/11/2022

1.11%
449,932.73
449,959.44

96.27 5.45%
433,193.00

82.50 0.29%
(16,766.44)

NR / AAA
AAA

2.32 0.87
43813GAC5 Honda Auto Receivables Trust 2021-1 A3

0.270% Due 04/21/2025
222,564.82 02/17/2021

0.27%
222,560.75
222,563.09

96.74 5.91%
215,309.38

16.69 0.15%
(7,253.71)
Aaa / NR
AAA

2.39 0.58
89240BAC2 Toyota Auto Receivables Owners 2021-A A3

0.260% Due 05/15/2025
804,167.17 02/02/2021

0.27%
804,017.92
804,105.15

97.24 4.90%
781,936.45

92.93 0.53%
(22,168.70)
Aaa / NR
AAA

2.46 0.59
44933LAC7 Hyundai Auto Receivables Trust 2021-A A3

0.380% Due 09/15/2025
511,389.56 04/20/2021

0.38%
511,335.76
511,363.89

96.39 5.88%
492,936.83

86.37 0.34%
(18,427.06)

NR / AAA
AAA

2.79 0.65
43815GAC3 Honda Auto Receivables Trust 2021-4 A3

0.880% Due 01/21/2026
460,000.00 11/16/2021

0.89%
459,903.03
459,933.47

94.54 5.19%
434,875.81
112.44

0.30%
(25,057.66)
Aaa / NR
AAA

3.15 1.28
47789QAC4 John Deere Owner Trust 2021-B A3

0.520% Due 03/16/2026
580,000.00 07/13/2021

0.52%
579,948.26
579,967.59

94.57 5.29%
548,481.47
134.04

0.37%
(31,486.12)
Aaa / NR
AAA

3.29 1.15
89238JAC9 Toyota Auto Receivables Trust 2021-D A3

0.710% Due 04/15/2026
430,000.00 11/09/2021

0.71%
429,990.84
429,993.78

93.87 6.16%
403,628.62
135.69

0.27%
(26,365.16)

NR / AAA
AAA

3.38 1.14
43815BAC4 Honda Auto Receivables Trust 2022-1 A3

1.880% Due 05/15/2026
740,000.00 02/15/2022

1.89%
739,888.70
739,915.27

94.74 5.16%
701,055.87
618.31

0.48%
(38,859.40)
Aaa / AAA
NR

3.46 1.63
44935FAD6 Hyundai Auto Receivables Trust 2021-C A3

0.740% Due 05/15/2026
1,330,000.00 Various

2.03%
1,296,371.65
1,304,670.47

93.96 5.60%
1,249,626.92
437.42

0.85%
(55,043.55)

NR / AAA
AAA

3.46 1.26
05602RAD3 BMW Vehicle Owner Trust 2022-A A3

3.210% Due 08/25/2026
530,000.00 05/10/2022

3.23%
529,972.44
529,977.23

96.81 5.66%
513,101.64
283.55

0.35%
(16,875.59)
Aaa / AAA
NR

3.74 1.33
362554AC1 GM Financial Securitized Term 2021-4 A3

0.680% Due 09/16/2026
350,000.00 10/13/2021

0.68%
349,991.08
349,994.00

93.87 5.87%
328,556.17

99.17 0.22%
(21,437.83)
Aaa / AAA
NR

3.80 1.20
47787JAC2 John Deere Owner Trust 2022-A A3

2.320% Due 09/16/2026
450,000.00 03/10/2022

2.34%
449,900.46
449,920.69

95.38 5.32%
429,209.06
464.00

0.29%
(20,711.63)
Aaa / NR
AAA

3.80 1.56
448977AD0 Hyundai Auto Receivables Trust 2022-A A3

2.220% Due 10/15/2026
1,010,000.00 03/09/2022

2.23%
1,009,961.12
1,009,969.64

95.12 5.34%
960,678.76
996.53

0.65%
(49,290.88)

NR / AAA
AAA

3.88 1.59
380146AC4 GM Financial Auto Receivables 2022-1 A3

1.260% Due 11/16/2026
295,000.00 01/11/2022

1.27%
294,974.36
294,981.04

95.00 4.94%
280,255.14
154.88

0.19%
(14,725.90)

NR / AAA
AAA

3.96 1.38
362585AC5 GM Financial Securitized ART 2022-2 A3

3.100% Due 02/16/2027
390,000.00 04/05/2022

3.13%
389,918.49
389,933.59

96.61 5.19%
376,777.39
503.75

0.26%
(13,156.20)
Aaa / AAA
NR

4.22 1.65
47800AAC4 John Deere Owner Trust 2022-B A3

3.740% Due 02/16/2027
655,000.00 07/12/2022

3.77%
654,937.45
654,943.87

97.59 5.14%
639,233.30
1,088.76

0.44%
(15,710.57)
Aaa / NR
AAA

4.22 1.77
02589BAA8 American Express Credit Accoun 22-1 A

2.210% Due 03/15/2027
1,545,000.00 03/21/2022

2.69%
1,524,359.77
1,529,159.38

94.26 4.92%
1,456,258.60
1,517.53

0.99%
(72,900.78)
Aaa / NR
AAA

4.29 2.17
02582JJT8 American Express Credit Trust 2022-2 A

3.390% Due 05/17/2027
1,375,000.00 05/17/2022

3.42%
1,374,695.85
1,374,749.29

96.65 4.89%
1,328,940.39
2,071.67

0.90%
(45,808.90)

NR / AAA
AAA

4.46 2.29
As of November 30, 2022
23 474
CC 01-17-2023
474 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
47800BAC2 John Deere Owner Trust 2022-C A3

5.090% Due 06/15/2027
1,050,000.00 10/12/2022

5.15%
1,049,918.52
1,049,921.14
100.18

5.06%
1,051,931.04
6,235.25

0.72%
2,009.90
Aaa / NR
AAA

4.54 2.21
92348KAV5 Verizon Master Trust 2022-5 A1A

3.720% Due 07/20/2027
570,000.00 08/02/2022

3.75%
569,974.92
569,977.69

98.12 5.16%
559,275.05
647.90

0.38%
(10,702.64)

NR / AAA
AAA

4.64 1.62
TOTAL ABS 20,862,768.14 1.91%
20,795,041.63
20,813,956.87 5.27%
20,101,781.70
18,082.31

13.68%
(712,175.17)
Aaa / AAA
AAA

3.14 1.25
Agency
3137EAFA2 FHLMC Note

0.250% Due 12/04/2023
1,755,000.00 12/02/2020

0.28%
1,753,262.55
1,754,416.09

95.49 4.88%
1,675,807.38
2,157.19

1.14%
(78,608.71)
Aaa / AA+
AAA

1.01 0.99
3130A0XE5 FHLB Note

3.250% Due 03/08/2024
1,500,000.00 03/28/2019

2.27%
1,568,115.00
1,517,462.48

98.13 4.78%
1,471,981.50
11,239.58

1.01%
(45,480.98)
Aaa / AA+
NR

1.27 1.22
3130A1XJ2 FHLB Note

2.875% Due 06/14/2024
1,500,000.00 06/18/2019

1.96%
1,564,890.20
1,519,979.91

97.28 4.73%
1,459,185.00
20,005.21

1.01%
(60,794.91)
Aaa / AA+
NR

1.54 1.46
3135G0V75 FNMA Note

1.750% Due 07/02/2024
1,500,000.00 07/16/2019

1.96%
1,484,895.00
1,495,173.40

95.78 4.53%
1,436,653.50
10,864.58

0.98%
(58,519.90)
Aaa / AA+
AAA

1.59 1.53
3130A2UW4 FHLB Note

2.875% Due 09/13/2024
2,000,000.00 09/13/2019

1.79%
2,103,380.00
2,036,953.82

97.11 4.58%
1,942,126.00
12,458.33

1.33%
(94,827.82)
Aaa / AA+
AAA

1.79 1.70
3135G0W66 FNMA Note

1.625% Due 10/15/2024
1,975,000.00 Various

1.73%
1,965,802.75
1,971,457.53

94.84 4.52%
1,873,180.85
4,100.87

1.28%
(98,276.68)
Aaa / AA+
AAA

1.88 1.81
3135G0X24 FNMA Note

1.625% Due 01/07/2025
1,295,000.00 Various

1.38%
1,309,953.95
1,301,529.66

94.40 4.44%
1,222,503.31
8,417.50

0.84%
(79,026.35)
Aaa / AA+
AAA

2.11 2.02
3137EAEP0 FHLMC Note

1.500% Due 02/12/2025
2,365,000.00 02/13/2020

1.52%
2,363,178.95
2,364,197.74

94.04 4.37%
2,224,055.46
10,741.04

1.52%
(140,142.28)
Aaa / AA+
AAA

2.21 2.12
3135G03U5 FNMA Note

0.625% Due 04/22/2025
1,860,000.00 04/22/2020

0.67%
1,856,168.40
1,858,166.13

91.58 4.37%
1,703,440.08
1,259.38

1.16%
(154,726.05)
Aaa / AA+
AAA

2.39 2.33
3135G04Z3 FNMA Note

0.500% Due 06/17/2025
2,500,000.00 Various

0.50%
2,499,227.30
2,499,713.98

91.07 4.24%
2,276,720.00
5,694.44

1.55%
(222,993.98)
Aaa / AA+
AAA

2.55 2.47
3137EAEU9 FHLMC Note

0.375% Due 07/21/2025
1,250,000.00 07/21/2020

0.48%
1,243,775.00
1,246,713.45

90.53 4.20%
1,131,682.50
1,692.71

0.77%
(115,030.95)
Aaa / AA+
AAA

2.64 2.57
3135G05X7 FNMA Note

0.375% Due 08/25/2025
2,500,000.00 Various

0.48%
2,487,983.75
2,493,235.83

90.27 4.17%
2,256,802.51
2,500.00

1.54%
(236,433.32)
Aaa / AA+
AAA

2.74 2.67
3137EAEX3 FHLMC Note

0.375% Due 09/23/2025
2,500,000.00 Various

0.46%
2,489,362.80
2,493,885.43

89.98 4.18%
2,249,615.00
1,770.83

1.53%
(244,270.43)
Aaa / AA+
AAA

2.82 2.74
As of November 30, 2022
24 475
CC 01-17-2023
475 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3135G06G3 FNMA Note

0.500% Due 11/07/2025
2,500,000.00 Various

0.56%
2,492,700.00
2,495,701.33

89.87 4.20%
2,246,787.50
833.33

1.53%
(248,913.83)
Aaa / AA+
AAA

2.94 2.86
TOTAL Agency 27,000,000.00 1.08%
27,182,695.65
27,048,586.78 4.42%
25,170,540.59
93,734.99

17.18%
(1,878,046.19)
Aaa / AA+
AAA

2.17 2.09
CMO
3137BFE98 FHLMC K041 A2

3.171% Due 10/25/2024
1,300,000.00 07/01/2021

0.72%
1,398,414.06
1,355,784.62

96.89 4.91%
1,259,531.13
3,435.25

0.86%
(96,253.49)
Aaa / AAA
AAA

1.90 1.71
3137BLMZ8 FHLMC K049 A2

3.010% Due 07/25/2025
1,000,000.00 07/01/2021

0.87%
1,079,687.50
1,051,646.26

95.99 4.66%
959,901.33
2,508.33

0.65%
(91,744.93)

NR / NR
AAA

2.65 2.38
3137BLW95 FHLMC K050 A2

3.334% Due 08/25/2025
950,000.00 11/16/2021

1.17%
1,018,132.81
999,120.18

96.69 4.65%
918,539.04
2,639.42

0.63%
(80,581.14)

NR / NR
AAA

2.74 2.42
3137BM7C4 FHLMC K051 A2

3.308% Due 09/25/2025
440,000.00 03/15/2022

2.21%
453,079.69
450,407.83

96.58 4.63%
424,956.97
1,212.93

0.29%
(25,450.86)

NR / NR
AAA

2.82 2.50
3137BN6G4 FHLMC KO53

2.995% Due 12/25/2025
570,000.00 03/15/2022

2.29%
582,001.17
579,754.22

95.70 4.55%
545,473.07
1,422.63

0.37%
(34,281.15)

NR / NR
AAA

3.07 2.72
3137BSP72 FHLMC K058 A2

2.653% Due 08/25/2026
650,000.00 11/12/2021

1.35%
687,451.17
679,189.24

93.85 4.46%
610,049.25
1,437.04

0.42%
(69,139.99)

NR / NR
AAA

3.74 3.43
3137FBBX3 FHLMC K068 A2

3.244% Due 08/25/2027
1,000,000.00 09/28/2022

4.41%
950,664.06
952,315.12

95.35 4.34%
953,541.60
2,703.33

0.65%
1,226.48
Aaa / NR
NR

4.74 4.23
TOTAL CMO 5,910,000.00 1.73%
6,169,430.46
6,068,217.47 4.63%
5,671,992.39
15,358.93

3.87%
(396,225.08)
Aaa / AAA
AAA

3.02 2.70
Corporate
24422EVN6 John Deere Capital Corp Note

0.450% Due 01/17/2024
1,030,000.00 03/01/2021

0.47%
1,029,268.70
1,029,712.78

95.46 4.62%
983,199.89
1,725.25

0.67%
(46,512.89)
A2 / A
A

1.13 1.10
89114QCA4 Toronto Dominion Bank Note

2.650% Due 06/12/2024
1,500,000.00 09/11/2019

2.24%
1,527,255.00
1,508,786.36

96.71 4.90%
1,450,639.50
18,660.42

1.00%
(58,146.86)
A1 / A
AA1.531.46
06367TQW3 Bank of Montreal Note

0.625% Due 07/09/2024
600,000.00 02/09/2022

1.89%
582,216.00
588,144.00

93.29 5.02%
559,716.00
1,479.17

0.38%
(28,428.00)
A2 / AAA1.61

1.56 79466LAG9 Salesforce.com Inc Callable Note Cont 7/15/2022

0.625% Due 07/15/2024
1,760,000.00 Various

0.87%
1,748,937.40
1,753,160.20

93.81 4.63%
1,650,968.00
4,155.56

1.13%
(102,192.20)
A2 / A+
NR

1.62 1.58
78013XZU5 Royal Bank of Canada Note

2.550% Due 07/16/2024
1,500,000.00 Various

1.98%
1,533,359.18
1,513,164.61

96.22 5.00%
1,443,253.50
14,343.76

0.99%
(69,911.11)
A1 / A
AA1.631.55
As of November 30, 2022
25 476
CC 01-17-2023
476 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
91159HHX1 US Bancorp Callable Note Cont 6/28/2024

2.400% Due 07/30/2024
1,250,000.00 10/10/2019

2.07%
1,268,262.50
1,256,112.30

96.51 4.60%
1,206,363.75
10,083.33

0.83%
(49,748.55)
A2 / A+
A+

1.67 1.59
009158AV8 Air Products & Chemicals Callable Note Cont 4/30/2024

3.350% Due 07/31/2024
1,675,000.00 08/07/2019

2.07%
1,771,212.00
1,703,763.26

97.93 4.65%
1,640,312.43
18,860.03

1.13%
(63,450.83)
A2 / A
NR

1.67 1.58
69371RR40 Paccar Financial Corp Note

0.500% Due 08/09/2024
680,000.00 08/03/2021

0.52%
679,632.80
679,793.28

93.08 4.81%
632,963.72
1,057.78

0.43%
(46,829.56)
A1 / A+
NR

1.69 1.64
69371RQ25 Paccar Financial Corp Note

2.150% Due 08/15/2024
370,000.00 08/08/2019

2.20%
369,182.30
369,721.17

95.60 4.86%
353,718.89
2,342.31

0.24%
(16,002.28)
A1 / A+
NR

1.71 1.64
14913Q3B3 Caterpillar Finl Service Note

2.150% Due 11/08/2024
1,100,000.00 01/28/2020

1.92%
1,111,517.00
1,104,675.48

95.47 4.62%
1,050,186.50
1,510.97

0.71%
(54,488.98)
A2 / A
A

1.94 1.86
74153WCQ0 Pricoa Global Funding Note

1.150% Due 12/06/2024
885,000.00 12/01/2021

1.19%
884,088.45
884,386.75

92.60 5.06%
819,471.06
4,947.40

0.56%
(64,915.69)
Aa3 / AAAA2.02

1.94 89114TZL9 Toronto-Dominion Bank Note

1.450% Due 01/10/2025
700,000.00 03/15/2022

2.79%
674,737.00
681,089.54

93.06 4.95%
651,398.30
3,975.42

0.45%
(29,691.24)
A1 / A
NR

2.12 2.02
89236TJT3 Toyota Motor Credit Corp Note

1.450% Due 01/13/2025
1,215,000.00 01/10/2022

1.50%
1,213,371.90
1,213,850.23

93.88 4.51%
1,140,611.63
6,753.38

0.78%
(73,238.60)
A1 / A+
A+

2.12 2.04
64952WEK5 New York Life Global Note

1.450% Due 01/14/2025
1,680,000.00 01/11/2022

1.49%
1,678,185.60
1,678,717.01

93.16 4.88%
1,565,061.12
9,270.33

1.07%
(113,655.89)
Aaa / AA+
AAA

2.13 2.03
69371RR73 Paccar Financial Corp Note

2.850% Due 04/07/2025
885,000.00 03/31/2022

2.86%
884,769.90
884,819.87

96.24 4.55%
851,749.67
3,783.38

0.58%
(33,070.20)
A1 / A+
NR

2.35 2.23
78016EZ59 Royal Bank of Canada Note

3.375% Due 04/14/2025
1,050,000.00 04/07/2022

3.39%
1,049,611.50
1,049,693.38

96.82 4.81%
1,016,591.10
4,626.56

0.69%
(33,102.28)
A1 / A
AA2.372.24
06406RBC0 Bank of NY Mellon Corp Callable Note Cont 3/25/2025

3.350% Due 04/25/2025
1,370,000.00 04/19/2022

3.35%
1,369,808.20
1,369,846.56

96.91 4.72%
1,327,667.00
4,589.50

0.91%
(42,179.56)
A1 / A
AA2.402.27
06367WB85 Bank of Montreal Note

1.850% Due 05/01/2025
1,240,000.00 07/23/2021

0.85%
1,285,656.80
1,269,308.08

93.45 4.75%
1,158,784.96
1,911.67

0.79%
(110,523.12)
A2 / AAA2.42

2.32 46647PCH7 JP Morgan Chase & Co Callable Note Cont 6/1/2024

0.824% Due 06/01/2025
1,370,000.00 05/24/2021

0.78%
1,371,773.90
1,370,886.95

93.00 5.23%
1,274,087.68
5,644.40

0.87%
(96,799.27)
A1 / AAA2.50

2.39 46647PCK0 JP Morgan Chase & Co Callable Note Cont 6/23/2024

0.969% Due 06/23/2025
655,000.00 Various

0.95%
655,406.85
655,211.78

92.98 5.25%
609,015.07
2,785.61

0.42%
(46,196.71)
A1 / AAA2.56

2.45 66815L2J7 Northwestern Mutual Glbl Note

4.000% Due 07/01/2025
1,170,000.00 06/27/2022

4.01%
1,169,602.20
1,169,657.73

97.72 4.95%
1,143,367.29
19,500.00

0.79%
(26,290.44)
Aaa / AA+
AAA

2.59 2.38
As of November 30, 2022
26 477
CC 01-17-2023
477 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
74153WCM9 Pricoa Global Funding Note

0.800% Due 09/01/2025
904,000.00 04/06/2022

3.26%
832,972.72
846,526.23

89.46 4.94%
808,691.28
1,808.00

0.55%
(37,834.95)
Aa3 / AAAA2.76

2.66 06406HCQ0 Bank of New York Callable Note Cont 10/18/2025

3.950% Due 11/18/2025
1,000,000.00 04/05/2022

3.20%
1,024,910.00
1,020,314.20

98.34 4.55%
983,387.00
1,426.39

0.67%
(36,927.20)
A1 / A
AA2.972.76
40139LBC6 Guardian Life Glob Fun Note

0.875% Due 12/10/2025
1,400,000.00 Various

1.12%
1,385,860.00
1,389,769.52

88.47 5.03%
1,238,584.20
5,818.76

0.85%
(151,185.32)
Aa1 / AA+
NR

3.03 2.91
66815L2A6 Northwestern Mutual Glbl Note

0.800% Due 01/14/2026
850,000.00 12/06/2021

1.47%
827,449.50
832,838.74

88.70 4.74%
753,908.35
2,587.78

0.51%
(78,930.39)
Aaa / AA+
AAA

3.13 3.01
06051GHY8 Bank of America Corp Callable Note Cont 2/13/2025

2.015% Due 02/13/2026
600,000.00 05/24/2021

1.05%
620,988.00
612,432.19

92.67 5.57%
556,013.40
3,627.00

0.38%
(56,418.79)
A2 / AAA3.21

3.00 46647PBK1 JP Morgan Chase & Co Callable Note Cont 4/22/2025

2.083% Due 04/22/2026
401,000.00 05/20/2021

1.11%
415,969.33
410,145.01

92.90 5.28%
372,534.61
904.89

0.25%
(37,610.40)
A1 / AAA3.39

2.28 6174468Q5 Morgan Stanley Callable Note Cont 4/28/2025

2.188% Due 04/28/2026
650,000.00 05/23/2022

4.56%
615,699.50
620,244.20

93.02 5.31%
604,624.15
1,303.68

0.41%
(15,620.05)
A1 / AA+3.41

2.29 023135BX3 Amazon.com Inc Callable Note Cont 4/12/2026

1.000% Due 05/12/2026
1,875,000.00 05/10/2021

1.09%
1,866,900.00
1,869,419.61

89.14 4.43%
1,671,316.88
989.58

1.14%
(198,102.73)
A1 / AA
AA3.453.32
91324PEC2 United Health Group Inc Callable Note Cont 4/15/2026

1.150% Due 05/15/2026
1,035,000.00 Various

1.37%
1,025,051.35
1,027,200.58

90.00 4.29%
931,504.14
529.00

0.63%
(95,696.44)
A3 / A+
A

3.46 3.32
89236TJK2 Toyota Motor Credit Corp Note

1.125% Due 06/18/2026
1,385,000.00 06/15/2021

1.13%
1,384,390.60
1,384,567.81

88.89 4.55%
1,231,132.04
7,054.84

0.84%
(153,435.77)
A1 / A+
A+

3.55 3.39
06051GJD2 Bank of America Corp Callable Note Cont 6/19/2025

1.319% Due 06/19/2026
700,000.00 07/16/2021

1.27%
701,274.00
700,829.44

90.23 5.36%
631,599.50
4,154.85

0.43%
(69,229.94)
A2 / AAA3.55

3.35 57629WDE7 Mass Mutual Global funding Note

1.200% Due 07/16/2026
1,000,000.00 08/19/2021

1.15%
1,002,230.00
1,001,650.05

88.61 4.65%
886,130.00
4,500.00

0.61%
(115,520.05)
Aa3 / AA+
AA+

3.63 3.46
58989V2D5 Met Tower Global Funding Note

1.250% Due 09/14/2026
770,000.00 09/07/2021

1.27%
769,291.60
769,463.46

87.24 4.99%
671,782.65
2,058.68

0.46%
(97,680.81)
Aa3 / AAAA3.79

3.61 931142ER0 Wal-Mart Stores Callable Note Cont 08/17/2026

1.050% Due 09/17/2026
350,000.00 09/08/2021

1.09%
349,338.50
349,497.90

88.81 4.27%
310,821.35
755.42

0.21%
(38,676.55)
Aa2 / AA
AA

3.80 3.64
59217GER6 Metlife Note

1.875% Due 01/11/2027
1,115,000.00 01/03/2022

1.90%
1,113,728.90
1,113,954.44

88.72 4.94%
989,219.08
8,130.21

0.68%
(124,735.36)
Aa3 / AAAA4.12

3.84 808513BY0 Charles Schwab Corp Callable Note Cont 2/3/2027

2.450% Due 03/03/2027
960,000.00 03/01/2022

2.46%
959,729.90
959,769.53

91.74 4.61%
880,700.16
5,749.33

0.60%
(79,069.37)
A2 / A
A

4.26 3.94
As of November 30, 2022
27 478
CC 01-17-2023
478 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
084664CZ2 Berkshire Hathaway Callable Note Cont 2/15/2027

2.300% Due 03/15/2027
1,615,000.00 03/07/2022

2.30%
1,614,693.15
1,614,737.01

93.08 4.07%
1,503,232.31
7,841.72

1.03%
(111,504.70)
Aa2 / AA
A+

4.29 4.00
06051GHT9 Bank of America Corp Callable Note 1X 4/23/2026

3.559% Due 04/23/2027
1,150,000.00 Various

4.76%
1,114,222.54
1,116,638.98

94.32 5.41%
1,084,729.45
4,320.23

0.74%
(31,909.53)
A2 / AAA4.40

3.13 665859AW4 Northern Trust Company Callable Note Cont 4/10/2027

4.000% Due 05/10/2027
670,000.00 05/05/2022

4.04%
668,914.60
669,036.45

97.92 4.52%
656,082.76
1,563.33

0.45%
(12,953.69)
A2 / A+
A+

4.44 4.01
91324PEG3 United Health Group Inc Callable Note Cont 4/15/2027

3.700% Due 05/15/2027
675,000.00 05/17/2022

3.69%
675,316.70
675,282.78

96.93 4.47%
654,252.53
1,110.01

0.45%
(21,030.25)
A3 / A+
A

4.46 4.05
TOTAL Corporate 42,790,000.00 1.97%
42,826,786.07
42,718,819.45 4.78%
39,949,372.90
208,239.93

27.30%
(2,769,446.55)
A1 / A+
AA2.712.52
Money Market Fund
94975H270 Wells Fargo 100% Treasury Money Mkt Fund 899,405.60 Various

3.17%
899,405.60
899,405.60

1.00 3.17%
899,405.60

0.00 0.61%

0.00 Aaa / AAA
NR

0.00 0.00
TOTAL Money Market Fund 899,405.60 3.17%
899,405.60
899,405.60 3.17%
899,405.60

0.00 0.61%

0.00 Aaa / AAA
NR

0.00 0.00
Municipal Bonds
13063DRK6 California State Taxable GO

2.400% Due 10/01/2024
755,000.00 10/16/2019

1.91%
772,342.35
761,440.89

96.56 4.37%
729,043.10
3,020.00

0.50%
(32,397.79)
Aa2 / AAAA1.84

1.76 TOTAL Municipal Bonds 755,000.00 1.91%
772,342.35
761,440.89 4.37%
729,043.10
3,020.00

0.50%
(32,397.79)
Aa2 / AAAA1.84

1.76 Supranational
4581X0DP0 Inter-American Dev Bank Note

0.250% Due 11/15/2023
2,800,000.00 07/01/2021

0.37%
2,792,300.00
2,796,882.48

95.60 5.01%
2,676,699.20
311.11

1.82%
(120,183.28)
Aaa / AAA
NR

0.96 0.93
45950KCT5 International Finance Corp Note

0.375% Due 07/16/2025
2,500,000.00 05/27/2021

0.66%
2,471,150.00
2,481,647.88

90.61 4.19%
2,265,162.50
3,515.63

1.54%
(216,485.38)
Aaa / AAA
NR

2.63 2.56
459058JL8 Intl. Bank Recon & Development Note

0.500% Due 10/28/2025
2,400,000.00 Various

0.60%
2,388,859.25
2,393,108.52

89.98 4.19%
2,159,577.60
1,100.00

1.47%
(233,530.92)
Aaa / AAA
AAA

2.91 2.83
As of November 30, 2022
28 479
CC 01-17-2023
479 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
4581X0DV7 Inter-American Dev Bank Note

0.875% Due 04/20/2026
2,460,000.00 04/13/2021

0.97%
2,448,733.20
2,452,373.62

89.79 4.14%
2,208,738.06
2,451.46

1.50%
(243,635.56)
Aaa / AAA
AAA

3.39 3.27
TOTAL Supranational 10,160,000.00 0.64%
10,101,042.45
10,124,012.50 4.41%
9,310,177.36
7,378.20

6.33%
(813,835.14)
Aaa / AAA
AAA

2.39 2.32
US Treasury
912828V23 US Treasury Note

2.250% Due 12/31/2023
1,500,000.00 06/21/2019

1.80%
1,529,472.66
1,507,051.30

97.37 4.77%
1,460,508.00
14,123.64

1.00%
(46,543.30)
Aaa / AA+
AAA

1.08 1.04
912828B66 US Treasury Note

2.750% Due 02/15/2024
2,000,000.00 Various

2.14%
2,053,613.28
2,014,055.83

97.78 4.65%
1,955,624.00
16,141.31

1.34%
(58,431.83)
Aaa / AA+
AAA

1.21 1.16
91282CBR1 US Treasury Note

0.250% Due 03/15/2024
1,450,000.00 03/30/2021

0.33%
1,446,488.28
1,448,471.75

94.56 4.64%
1,371,099.70
771.06

0.93%
(77,372.05)
Aaa / AA+
AAA

1.29 1.26
912828X70 US Treasury Note

2.000% Due 04/30/2024
1,700,000.00 06/10/2019

1.92%
1,705,976.56
1,701,727.68

96.42 4.64%
1,639,172.30
2,911.60

1.12%
(62,555.38)
Aaa / AA+
AAA

1.42 1.37
912828XX3 US Treasury Note

2.000% Due 06/30/2024
2,000,000.00 Various

1.80%
2,018,574.22
2,006,070.57

96.15 4.55%
1,922,968.00
16,739.13

1.32%
(83,102.57)
Aaa / AA+
AAA

1.58 1.52
912828D56 US Treasury Note

2.375% Due 08/15/2024
1,700,000.00 09/18/2019

1.71%
1,753,191.41
1,718,492.33

96.48 4.53%
1,640,234.80
11,849.18

1.12%
(78,257.53)
Aaa / AA+
AAA

1.71 1.64
912828YY0 US Treasury Note

1.750% Due 12/31/2024
2,100,000.00 03/15/2022

1.97%
2,087,203.13
2,090,461.88

94.95 4.31%
1,993,933.20
15,379.08

1.37%
(96,528.68)
Aaa / AA+
AAA

2.09 2.00
912828ZC7 US Treasury Note

1.125% Due 02/28/2025
1,500,000.00 03/18/2020

0.81%
1,523,144.53
1,510,502.78

93.32 4.27%
1,399,804.50
4,288.67

0.95%
(110,698.28)
Aaa / AA+
AAA

2.25 2.17
91282CED9 US Treasury Note

1.750% Due 03/15/2025
3,100,000.00 Various

2.23%
3,057,617.20
3,067,174.94

94.60 4.25%
2,932,528.70
11,539.37

2.00%
(134,646.24)
Aaa / AA+
AAA

2.29 2.20
912828ZL7 US Treasury Note

0.375% Due 04/30/2025
2,500,000.00 03/21/2022

2.24%
2,360,839.85
2,391,982.30

91.29 4.20%
2,282,227.50
802.83

1.55%
(109,754.80)
Aaa / AA+
AAA

2.42 2.36
91282CAB7 US Treasury Note

0.250% Due 07/31/2025
1,500,000.00 03/12/2021

0.72%
1,469,765.63
1,481,602.23

90.30 4.12%
1,354,570.50
1,253.40

0.92%
(127,031.73)
Aaa / AA+
AAA

2.67 2.60
91282CAM3 US Treasury Note

0.250% Due 09/30/2025
2,400,000.00 Various

0.56%
2,366,140.63
2,379,046.40

89.97 4.03%
2,159,344.80
1,021.98

1.47%
(219,701.60)
Aaa / AA+
AAA

2.84 2.77
91282CAT8 US Treasury Note

0.250% Due 10/31/2025
2,450,000.00 Various

0.49%
2,422,492.19
2,433,207.56

89.63 4.06%
2,195,812.50
524.52

1.49%
(237,395.06)
Aaa / AA+
AAA

2.92 2.85
91282CAZ4 US Treasury Note

0.375% Due 11/30/2025
2,250,000.00 03/26/2021

0.77%
2,209,658.20
2,224,121.69

89.64 4.08%
2,016,825.75

23.18 1.37%
(207,295.94)
Aaa / AA+
AAA

3.00 2.93
91282CBH3 US Treasury Note

0.375% Due 01/31/2026
2,500,000.00 05/27/2021

0.75%
2,456,445.31
2,470,513.30

89.17 4.05%
2,229,200.00
3,133.49

1.52%
(241,313.30)
Aaa / AA+
AAA

3.17 3.08
As of November 30, 2022
29 480
CC 01-17-2023
480 of 1241
Holdings Report
City of Cupertino - Account #10659
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
91282CBW0 US Treasury Note

0.750% Due 04/30/2026
2,500,000.00 05/27/2021

0.80%
2,493,652.34
2,495,601.12

89.63 4.03%
2,240,820.00
1,605.66

1.52%
(254,781.12)
Aaa / AA+
AAA

3.42 3.31
91282CCZ2 US Treasury Note

0.875% Due 09/30/2026
1,400,000.00 10/18/2021

1.19%
1,379,054.68
1,383,783.89

89.08 3.97%
1,247,148.00
2,086.54

0.85%
(136,635.89)
Aaa / AA+
AAA

3.84 3.69
91282CDG3 US Treasury Note

1.125% Due 10/31/2026
1,400,000.00 11/15/2021

1.25%
1,391,468.75
1,393,256.12

89.80 3.96%
1,257,156.60
1,348.76

0.86%
(136,099.52)
Aaa / AA+
AAA

3.92 3.76
91282CEW7 US Treasury Note

3.250% Due 06/30/2027
3,250,000.00 Various

3.18%
3,260,312.50
3,259,202.03

97.40 3.87%
3,165,448.00
44,201.78

2.18%
(93,754.03)
Aaa / AA+
AAA

4.58 4.15
91282CFB2 US Treasury Note

2.750% Due 07/31/2027
400,000.00 08/22/2022

3.12%
393,218.75
393,594.86

95.28 3.86%
381,124.80
3,676.63

0.26%
(12,470.06)
Aaa / AA+
AAA

4.67 4.28
91282CFH9 US Treasury Note

3.125% Due 08/31/2027
4,500,000.00 Various

3.28%
4,468,902.34
4,470,311.98

96.95 3.83%
4,362,538.50
35,738.96

2.99%
(107,773.48)
Aaa / AA+
AAA

4.75 4.33
91282CFM8 US Treasury Note

4.125% Due 09/30/2027
3,450,000.00 Various

4.31%
3,421,152.34
3,421,677.89
101.22

3.85%
3,492,048.60
24,240.04

2.39%
70,370.71
Aaa / AA+
AAA

4.84 4.32
TOTAL US Treasury 47,550,000.00 1.87%
47,268,384.78
47,261,910.43 4.16%
44,700,138.75
213,400.81

30.53%
(2,561,771.68)
Aaa / AA+
AAA

3.00 2.83
TOTAL PORTFOLIO 155,927,173.74 1.69%
156,015,128.99
155,696,349.99 4.56%
146,532,452.39
559,215.17
100.00%
(9,163,897.60)
Aa1 / AA
AAA

2.74 2.34
TOTAL MARKET VALUE PLUS ACCRUALS 147,091,667.56
As of November 30, 2022
30 481
CC 01-17-2023
481 of 1241
SECTION | Section 4 | Transactions
31 482
CC 01-17-2023
482 of 1241
Transaction Ledger
City of Cupertino - Account #10659
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 09/09/2022 91282CFH9 1,100,000.00 US Treasury Note

3.125% Due: 08/31/2027

99.059 3.33% 1,089,644.53 854.63 1,090,499.16 0.00
Purchase 09/20/2022 91282CFH9 400,000.00 US Treasury Note

3.125% Due: 08/31/2027

97.422 3.70% 389,687.50 690.61 390,378.11 0.00
Purchase 10/03/2022 3137FBBX3 1,000,000.00 FHLMC K068 A2

3.244% Due: 08/25/2027

95.066 4.41% 950,664.06 180.22 950,844.28 0.00
Purchase 10/03/2022 91282CEW7 250,000.00 US Treasury Note

3.25% Due: 06/30/2027

96.836 3.99% 242,089.84 2,097.49 244,187.33 0.00
Purchase 10/06/2022 91282CFM8 1,000,000.00 US Treasury Note

4.125% Due: 09/30/2027
100.656 3.98% 1,006,562.50 679.95 1,007,242.45 0.00
Purchase 10/19/2022 47800BAC2 1,050,000.00 John Deere Owner Trust 2022-C A3

5.09% Due: 06/15/2027

99.992 5.15% 1,049,918.52 0.00 1,049,918.52 0.00
Purchase 10/25/2022 91282CFM8 2,450,000.00 US Treasury Note

4.125% Due: 09/30/2027

98.555 4.45% 2,414,589.84 6,941.11 2,421,530.95 0.00
Subtotal 7,250,000.00 7,143,156.79 11,444.01 7,154,600.80 0.00 TOTAL ACQUISITIONS 7,250,000.00 7,143,156.79 11,444.01 7,154,600.80 0.00

DISPOSITIONS
Sale 09/09/2022 3130A3DL5 400,000.00 FHLB Note

2.375% Due: 09/08/2023

98.773 1.52% 395,092.00 26.39 395,118.39 -8,214.92
Sale 09/09/2022 912828T91 650,000.00 US Treasury Note

1.625% Due: 10/31/2023

97.930 1.82% 636,542.97 3,788.72 640,331.69 -11,241.75
Sale 10/03/2022 3137B5JM6 999,609.65 FHLMC K034 A2

3.531% Due: 07/25/2023

99.277 4.20% 992,385.91 196.09 992,582.00 -18,626.91
Sale 10/06/2022 3137B4WB8 1,000,000.00 FHLMC K033 A2
Due: 07/25/2023

98.883 5.02% 988,828.13 425.00 989,253.13 -18,813.03
Sale 10/19/2022 3137B7MZ9 1,000,000.00 FHLMC K036 A2
Due: 10/25/2023

98.629 5.30% 986,289.06 1,763.50 988,052.56 -28,773.31
August 31, 2022 through November 30, 2022
As of November 30, 2022
32 483
CC 01-17-2023
483 of 1241
Transaction Ledger
City of Cupertino - Account #10659
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss Sale 10/21/2022 3130A0F70 2,100,000.00 FHLB Note

3.375% Due: 12/08/2023

98.379 1.31% 2,065,959.00 26,184.38 2,092,143.38 -71,274.17 Subtotal 6,149,609.65 6,065,097.07 32,384.08 6,097,481.15 -156,944.09 TOTAL DISPOSITIONS 6,149,609.65 6,065,097.07 32,384.08 6,097,481.15 -156,944.09 August 31, 2022 through November 30, 2022
As of November 30, 2022
33 484
CC 01-17-2023
484 of 1241
Important Disclosures
2022 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

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.

As of November 30, 2022
34 485
CC 01-17-2023
485 of 1241
Benchmark Disclosures
ICE BofA 1-5 Yr US Treasury & Agency Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

As of November 30, 2022
35 486
CC 01-17-2023
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INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE • SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED

IRT - SAN FRANCISCO CA
510 N VALLEY MILLS DRIVE, SUITE 400
WACO, TX 76710-6075

CITY OF CUPERTINO -

CHANDLER ASSET MANAGEMENT

ACCOUNT NUMBER

MONTHLY STATEMENT
NOVEMBER 1, 2022 THROUGH NOVEMBER 30, 2022
ACCOUNT MANAGER: MICHAEL J WADE
TELEPHONE NUMBER: 515-878-6110
PFGEDD INVESTMENT CONTACT: IMR/CHRISTINE NORGREN
TELEPHONE NUMBER:

ADMINISTRATOR: BELINDA CONWAY
TELEPHONE NUMBER: 254-265-6137
33522 SE
487
CC 01-17-2023
487 of 1241
Custody and trust services are provided by Principal Bank®, Member FDIC, and/or Principal Trust Company®. These services are provided under the trade name Principal® Custody Solutions. Principal Trust Company is a trade name of Delaware Charter Guarantee & Trust Company. Principal Bank and Principal Trust Company are members of the Principal Financial Group®, Des Moines, IA 50392.

ASSET VALUATION PRACTICES
VALUES REFLECTED FOR PUBLICLY TRADED ASSETS ARE OBTAINED FROM UNAFFILIATED SOURCES. IN SITUATIONS WHERE AN ASSET VALUE CANNOT BE

NEITHER PRINCIPAL BANK NOR PRINCIPAL TRUST COMPANY IS RESPONSIBLE FOR THE ACCURACY OF INFORMATION PROVIDED BY EXTERNAL SOURCES, AND

DOES NOT CERTIFY THAT INFORMATION PROVIDED BY THESE EXTERNAL SOURCES IS TRUE OR CORRECT FOR THE SPECIAL INVESTMENTS REFLECTED IN YOUR ACCOUNT.

TRADE CONFIRMS

UNCLAIMED PROPERTY DESIGNATED REPRESENTATIVE NOTIFICATION

TABLE OF CONTENTS CITY OF CUPERTINO
FOR THE PERIOD NOVEMBER 1, 2022 THROUGH NOVEMBER 30, 2022 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯ PAGE

ASSET SUMMARY CITY OF CUPERTINO
AS OF NOVEMBER 30, 2022 ACCOUNT NUMBER
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯

ASSET SUMMARY
% TOTAL UNREALIZED ESTIMATED CURRENT ACCRUED

INVESTMENT CATEGORY COST VALUE MARKET VALUE MARKET GAIN/LOSS ANNUAL INCOME YIELD INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ CASH 0.00 0.00 0.00
CASH EQUIVALENTS 899,405.60 899,405.60 0.61 0.00 28,514 3.17 1,372.02 BONDS AND NOTES 155,115,723.39 145,633,032.17 99.39 9,482,691.22- 2,574,697 1.77 559,149.77 TOTAL INVESTMENTS 156,015,128.99 146,532,437.77 100.00 9,482,691.22- 2,603,210 1.78 560,521.79 TOTAL ACCRUALS 560,521.79 560,521.79
===================================================================================================================================== TOTAL ACCRUALS AND INVESTMENTS 156,575,650.78 147,092,959.56 9,482,691.22- 2,603,210 1.78 560,521.79 490
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STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTINO
AS OF NOVEMBER 30, 2022 ACCOUNT NUMBER
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

CASH EQUIVALENTS
850,186 ALLSPRING 100% TREASURY 850,186.00 850,186.00 0.58 0.00 1,294.76 MONEY MARKET FUND - #008 1.0000 1.0000
49,219.6 PRINCIPAL PUBLIC DEPOSIT SWEEP 49,219.60 49,219.60 0.03 0.00 77.26 PROGRAM 1.0000 1.0000
TOTAL CASH EQUIVALENTS 899,405.60 899,405.60 0.61 0.00 1,372.02

BOND & NOTES
1,675,000 AIR PRODUCTS & CHEMICALS 1,771,212.00 1,640,310.75 1.12 130,901.25- 18,860.03 DTD 07/31/14 3.350 07/31/2024 105.7440 97.9290
MOODY'S RATING A2
CUSIP 009158AV8
1,875,000 AMAZON.COM INC 1,866,900.00 1,671,318.75 1.14 195,581.25- 989.58 DTD 05/12/21 1.000 05/12/2026 99.5680 89.1370
MOODY'S RATING A1
CUSIP 023135BX3
1,375,000 AMERICAN EXPRESS CREDIT ACCOUNT 1,374,695.85 1,328,937.50 0.91 45,758.35- 2,071.67 ASSET BCKD SEC SER 2022-2 CL A 99.9779 96.6500
DTD 05/24/2022 3.390% 05/17/2027

NON CALLABLE
CUSIP 02582JJT8
1,545,000 AMERICAN EXPRESS CREDIT ACCOUNT 1,524,359.77 1,456,255.20 0.99 68,104.57- 1,517.53 ASSET BCKD SEC SER 2022-1 CL A 98.6641 94.2560
DTD 03/18/2022 2.210% 03/15/2027

NON CALLABLE

MOODY'S RATING AAA
CUSIP 02589BAA8
1,150,000 BANK OF AMERICA CORP 1,114,222.54 1,084,726.00 0.74 29,496.54- 4,320.23 MED TERM NOTE 96.8889 94.3240
DTD 04/23/19 04/23/2027
MOODY'S RATING A2
CUSIP 06051GHT9
491
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PAGE 3

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 600,000 BANK OF AMERICA CORP 620,988.00 556,014.00 0.38 64,974.00- 3,627.00 MED TERM NOTE 103.4980 92.6690
DTD 02/13/20 02/13/2026
MOODY'S RATING A2
CUSIP 06051GHY8
700,000 BANK OF AMERICA CORP 701,274.00 631,603.00 0.43 69,671.00- 4,154.85 MED TERM NOTE 100.1820 90.2290
DTD 06/19/20 06/19/2026
MOODY'S RATING A2
CUSIP 06051GJD2
600,000 BANK OF MONTREAL 582,216.00 559,716.00 0.38 22,500.00- 1,479.17 MED TERM NOTE 97.0360 93.2860
DTD 07/09/21 0.625 07/09/2024
MOODY'S RATING A2
CUSIP 06367TQW3
1,240,000 BANK OF MONTREAL 1,285,656.80 1,158,780.00 0.79 126,876.80- 1,911.67 MED TERM NOTE 103.6820 93.4500
DTD 04/27/20 1.850 05/01/2025
MOODY'S RATING A2
CUSIP 06367WB85
1,000,000 BANK OF NEW YORK MELLON 1,024,910.00 983,390.00 0.67 41,520.00- 1,426.39 MED TERM NOTE 102.4910 98.3390
DTD 11/18/13 3.950 11/18/2025
MOODY'S RATING A1
CUSIP 06406HCQ0
1,370,000 BANK OF NY MELLON CORP 1,369,808.20 1,327,667.00 0.91 42,141.20- 4,589.50 DTD 04/26/2022 3.350% 04/25/2025 99.9860 96.9100

CALLABLE
MOODY'S RATING A1
CUSIP 06406RBC0
1,615,000 BERKSHIRE HATHAWAY FIN 1,614,693.15 1,503,225.85 1.03 111,467.30- 7,841.72 DTD 03/15/2022 2.300% 03/15/2027 99.9810 93.0790

CALLABLE
MOODY'S RATING AA2
CUSIP 084664CZ2
492
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PAGE 4

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 09690AAC7
530,000 BMW VEHICLE OWNER TRUST 529,972.44 513,103.60 0.35 16,868.84- 283.55 ASSET BCKD SEC SER 2022-A CL A3 99.9948 96.8120
DTD 05/18/2022 3.210% 08/25/2026

CALLABLE

MOODY'S RATING AAA
CUSIP 05602RAD3
755,000 CALIFORNIA ST 772,342.35 729,043.10 0.50 43,299.25- 3,020.00 TXBL-REF 102.2970 96.5620
DTD 10/24/19 2.400 10/01/2024
MOODY'S RATING AA2
CUSIP 13063DRK6
1,100,000 CATERPILLAR FINL SERVICE 1,111,517.00 1,050,192.00 0.72 61,325.00- 1,510.97 MED TERM NOTE 101.0470 95.4720
DTD 11/08/19 2.150 11/08/2024
MOODY'S RATING A2
CUSIP 14913Q3B3
960,000 CHARLES SCHWAB CORP 959,729.90 880,704.00 0.60 79,025.90- 5,749.33 DTD 03/03/2022 2.450% 03/03/2027 99.9719 91.7400

CALLABLE
MOODY'S RATING A2
CUSIP 808513BY0
1,500,000 FED HOME LN BK 1,568,115.00 1,471,980.00 1.00 96,135.00- 11,239.58 DTD 02/12/14 3.250 03/08/2024 104.5410 98.1320

MOODY'S RATING AAA
CUSIP 3130A0XE5
493
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PAGE 5

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 3130A1XJ2
2,000,000 FED HOME LN BK 2,103,380.00 1,942,120.00 1.33 161,260.00- 12,458.33 DTD 08/15/14 2.875 09/13/2024 105.1690 97.1060

MOODY'S RATING AAA
CUSIP 3130A2UW4
1,300,000 FED HOME LN MTG CORP 1,398,414.06 1,259,531.00 0.86 138,883.06- 3,435.25 SER KO41 CL A2 *24 DAY DELAY* 107.5703 96.8870
DTD 12/01/14 3.171 10/25/2024
CUSIP 3137BFE98
2,365,000 FED HOME LN MTG CORP 2,363,178.95 2,224,046.00 1.52 139,132.95- 10,741.04 DTD 02/14/20 1.500 02/12/2025 99.9230 94.0400

MOODY'S RATING AAA
CUSIP 3137EAEP0
1,250,000 FED HOME LN MTG CORP 1,243,775.00 1,131,687.50 0.77 112,087.50- 1,692.71 SER USD 99.5020 90.5350
DTD 07/23/20 0.375 07/21/2025

MOODY'S RATING AAA
CUSIP 3137EAEU9
2,500,000 FED HOME LN MTG CORP 2,489,362.80 2,249,625.00 1.54 239,737.80- 1,770.83 DTD 09/25/20 0.375 09/23/2025 99.5745 89.9850

MOODY'S RATING AAA
CUSIP 3137EAEX3
1,755,000 FED HOME LN MTG CORP 1,753,262.55 1,675,814.40 1.14 77,448.15- 2,157.19 DTD 12/04/20 0.250 12/04/2023 99.9010 95.4880

MOODY'S RATING AAA
CUSIP 3137EAFA2
1,500,000 FED NATL MTG ASSN 1,484,895.00 1,436,655.00 0.98 48,240.00- 10,864.58 DTD 07/08/19 1.750 07/02/2024 98.9930 95.7770

MOODY'S RATING AAA
CUSIP 3135G0V75
494
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PAGE 6

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 3135G0W66
1,295,000 FED NATL MTG ASSN 1,309,953.95 1,222,505.90 0.83 87,448.05- 8,417.50 DTD 01/10/20 1.625 01/07/2025 101.1548 94.4020

MOODY'S RATING AAA
CUSIP 3135G0X24
1,860,000 FED NATL MTG ASSN 1,856,168.40 1,703,443.80 1.16 152,724.60- 1,259.37 DTD 04/24/20 0.625 04/22/2025 99.7940 91.5830

MOODY'S RATING AAA
CUSIP 3135G03U5
2,500,000 FED NATL MTG ASSN 2,499,227.30 2,276,725.00 1.55 222,502.30- 5,694.44 DTD 06/19/20 0.500 06/17/2025 99.9691 91.0690

MOODY'S RATING AAA
CUSIP 3135G04Z3
2,500,000 FED NATL MTG ASSN 2,487,983.75 2,256,800.00 1.54 231,183.75- 2,500.00 DTD 08/27/20 0.375 08/25/2025 99.5194 90.2720

MOODY'S RATING AAA
CUSIP 3135G05X7
2,500,000 FED NATL MTG ASSN 2,492,700.00 2,246,800.00 1.53 245,900.00- 833.33 DTD 11/12/20 0.500 11/07/2025 99.7080 89.8720

MOODY'S RATING AAA
CUSIP 3135G06G3
1,000,000 FHLMC MULTIFAMILY STRUCTURED P 1,079,687.50 959,900.00 0.66 119,787.50- 2,508.33 SER K049 CL A2 *24 DAY DELAY* 107.9688 95.9900
DTD 10/01/15 3.010 08/25/2025
CUSIP 3137BLMZ8
950,000 FHLMC MULTIFAMILY STRUCTURED P 1,018,132.81 918,536.00 0.63 99,596.81- 2,639.42 SER K050 CL A2 *24 DAY DELAY* 107.1719 96.6880
DTD 11/01/15 08/25/2025
CUSIP 3137BLW95
495
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PAGE 7

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 3137FBBX3
965,000 GM FINANCIAL AUTOMOBILE LEASIN 964,986.88 932,962.00 0.64 32,024.88- 104.54 SER 2021-3 CL A3 *0 DAY DELAY* 99.9987 96.6800
DTD 08/18/21 0.390 10/21/2024
CUSIP 36262XAC8
945,000 GM FINANCIAL AUTOMOBILE LEASIN 944,991.87 908,919.90 0.62 36,071.97- 534.19 SER 2022-1 CL A3 *0 DAY DELAY* 99.9992 96.1820
DTD 02/23/22 1.850 03/20/2025

MOODY'S RATING AAA
CUSIP 36265MAC9
350,000 GM FINANCIAL SECURITIZED TERM 349,991.08 328,555.50 0.22 21,435.58- 99.17 SER 2021-4 CL A3 *0 DAY DELAY* 99.9975 93.8730
DTD 10/21/21 0.680 09/16/2026

MOODY'S RATING AAA
CUSIP 362554AC1
496
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PAGE 8

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 390,000 GM FINANCIAL SECURITIZED TERM 389,918.49 376,779.00 0.26 13,139.49- 503.75 ASSET BCKD SEC SER 2022-2 CL A3 99.9791 96.6100
DTD 04/13/2022 3.100% 02/16/2027

CALLABLE

MOODY'S RATING AAA
CUSIP 362585AC5
295,000 GM FINANCIAL SECURITIZED TERM 294,974.36 280,255.90 0.19 14,718.46- 154.88 SER 2022-1 CL A3 *0 DAY DELAY* 99.9913 95.0020
DTD 01/19/22 1.260 11/16/2026
CUSIP 380146AC4
1,400,000 GUARDIAN LIFE GLOB FUND 1,385,860.00 1,238,580.00 0.85 147,280.00- 5,818.75 144A PRIV PLCMT 0.875 12/10/2025 98.9900 88.4700
MOODY'S RATING AA1
CUSIP 40139LBC6
62,059.95 HONDA AUTO RECEIVABLES OWNER T 62,055.07 61,086.85 0.04 968.22- 22.62 SER 2020-2 CL A3 *0 DAY DELAY* 99.9922 98.4320
DTD 05/27/20 0.820 07/15/2024

MOODY'S RATING AAA
CUSIP 43813DAC2
222,564.82 HONDA AUTO RECEIVABLES OWNER T 222,560.75 215,309.21 0.15 7,251.54- 16.69 SER 2021-1 CL A3 *0 DAY DELAY* 99.9982 96.7400
DTD 02/24/21 0.270 04/21/2025

MOODY'S RATING AAA
CUSIP 43813GAC5
317,128.71 HONDA AUTO RECEIVABLES OWNER T 317,082.12 309,514.45 0.21 7,567.67- 42.37 SER 2020-3 CL A3 *0 DAY DELAY* 99.9853 97.5990
DTD 09/29/20 0.370 10/18/2024
CUSIP 43813KAC6
740,000 HONDA AUTO RECEIVABLES OWNER T 739,888.70 701,053.80 0.48 38,834.90- 618.31 SER 2022-1 CL A3 *0 DAY DELAY* 99.9850 94.7370
DTD 02/23/22 1.000 05/15/2026

MOODY'S RATING AAA
CUSIP 43815BAC4
497
CC 01-17-2023
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PAGE 9

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 43815GAC3
790,000 HYUNDAI AUTO LEASE SECURITIZAT 789,881.50 775,029.50 0.53 14,852.00- 101.38 SER 2021-B CL A3 *0 DAY DELAY* 99.9850 98.1050
144A PRIV PLCMT 0.330 06/17/2024

MOODY'S RATING AAA
CUSIP 44891VAC5
540,000 HYUNDAI AUTO LEASE SECURITIZAT 539,988.07 517,725.00 0.35 22,263.07- 278.40 SER 2022-A CL A3 *0 DAY DELAY* 99.9978 95.8750
144A PRIV PLCMT 1.160 01/15/2025

MOODY'S RATING AAA
CUSIP 44891WAC3
1,010,000 HYUNDAI AUTO RECEIVABLES TRUST 1,009,961.12 960,681.70 0.66 49,279.42- 996.53 ASSET BCKD SEC SER 2022-A CL A3 99.9962 95.1170
DTD 03/16/2022 2.220% 10/15/2026

CALLABLE
CUSIP 448977AD0
511,389.56 HYUNDAI AUTO RECEIVABLES TRUST 511,335.76 492,938.62 0.34 18,397.14- 86.37 SER 2021-A CL A3 *0 DAY DELAY* 99.9895 96.3920
DTD 04/28/21 0.380 09/15/2025
CUSIP 44933LAC7
1,330,000 HYUNDAI AUTO RECEIVABLES TRUST 1,296,371.65 1,249,628.10 0.85 46,743.55- 437.42 SER 2021-C CL A3 *0 DAY DELAY* 97.4716 93.9570
DTD 11/17/21 0.740 05/15/2026
CUSIP 44935FAD6
2,800,000 INTER-AMERICAN DEVEL BK 2,792,300.00 2,676,688.00 1.83 115,612.00- 311.11 DTD 09/02/20 0.250 11/15/2023 99.7250 95.5960

MOODY'S RATING AAA
CUSIP 4581X0DP0
498
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PAGE 10

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 4581X0DV7
2,400,000 INTL BK RECON & DEVELOP 2,388,859.25 2,159,568.00 1.47 229,291.25- 1,100.00 DTD 10/28/20 0.500 10/28/2025 99.5358 89.9820

MOODY'S RATING AAA
CUSIP 459058JL8
2,500,000 INTL FINANCE CORP 2,471,150.00 2,265,175.00 1.55 205,975.00- 3,515.63 DTD 07/16/20 0.375 07/16/2025 98.8460 90.6070

MOODY'S RATING AAA
CUSIP 45950KCT5
1,030,000 JOHN DEERE CAPITAL CORP 1,029,268.70 983,196.80 0.67 46,071.90- 1,725.25 MED TERM NOTE 99.9290 95.4560
DTD 03/04/21 0.450 01/17/2024
MOODY'S RATING A2
CUSIP 24422EVN6
450,000 JOHN DEERE OWNER TRUST 449,900.46 429,210.00 0.29 20,690.46- 464.00 ASSET BCKD SEC SER 2022-A CL A3 99.9779 95.3800
DTD 03/16/2022 2.320% 09/16/2026

NON CALLABLE

MOODY'S RATING AAA
CUSIP 47787JAC2
107,984.82 JOHN DEERE OWNER TRUST 107,968.36 105,993.58 0.07 1,974.78- 24.48 SER 2020-B CL A3 *0 DAY DELAY* 99.9848 98.1560
DTD 07/22/20 0.510 11/15/2024

MOODY'S RATING AAA
CUSIP 47787NAC3
2,330.73 JOHN DEERE OWNER TRUST 2,352.31 2,328.38 0.00 23.93- 2.29 SER 2019-B CL A3 *0 DAY DELAY* 100.9259 99.8990
DTD 07/24/19 2.210 12/15/2023

MOODY'S RATING AAA
CUSIP 477870AC3
499
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PAGE 11

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 70,972.34 JOHN DEERE OWNER TRUST 70,968.00 70,237.78 0.05 730.22- 34.70 SER 2020-A CL A3 *0 DAY DELAY* 99.9939 98.9650
DTD 03/11/20 1.100 08/15/2024

MOODY'S RATING AAA
CUSIP 47789KAC7
580,000 JOHN DEERE OWNER TRUST 579,948.26 548,482.80 0.37 31,465.46- 125.67 SER 2021-B CL A3 *0 DAY DELAY* 99.9911 94.5660
DTD 07/21/21 0.520 03/16/2026

MOODY'S RATING AAA
CUSIP 47789QAC4
655,000 JOHN DEERE OWNER TRUST 654,937.45 639,234.15 0.44 15,703.30- 1,088.76 ASSET BCKD SEC SER 2022-B CL A3 99.9905 97.5930
DTD 07/20/2022 3.740% 02/16/2027

NON CALLABLE

MOODY'S RATING AAA
CUSIP 47800AAC4
1,050,000 JOHN DEERE OWNER TRUST 1,049,918.52 1,051,932.00 0.72 2,013.48 6,235.25 ASSET BCKD SEC SER 2022-C CL A3 99.9923 100.1840
DTD 10/19/2022 5.090% 06/15/2027

CALLABLE

MOODY'S RATING AAA
CUSIP 47800BAC2
655,000 JPMORGAN CHASE & 655,406.85 609,012.45 0.42 46,394.40- 2,785.61 SER F2F 100.0621 92.9790
DTD 06/23/21 06/23/2025
MOODY'S RATING A1
CUSIP 46647PCK0
401,000 JPMORGAN CHASE & CO 415,969.33 372,533.01 0.25 43,436.32- 904.89 DTD 04/22/20 04/22/2026 103.7330 92.9010
MOODY'S RATING A1
CUSIP 46647PBK1
500
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PAGE 12

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,370,000 JPMORGAN CHASE & CO 1,371,773.90 1,274,086.30 0.87 97,687.60- 5,644.40 DTD 06/01/21 06/01/2025 100.1295 92.9990
MOODY'S RATING A1
CUSIP 46647PCH7
1,000,000 MASSMUTUAL GLOBAL FUNDIN 1,002,230.00 886,130.00 0.60 116,100.00- 4,500.00 144A PRIV PLCMT 1.200 07/16/2026 100.2230 88.6130
MOODY'S RATING AA3
CUSIP 57629WDE7
102,158.02 MERCEDES-BENZ AUTO LEASE TRUST 102,152.84 101,737.13 0.07 415.71- 18.16 SER 2020-B CL A3 *0 DAY DELAY* 99.9949 99.5880
DTD 09/23/20 0.400 11/15/2023
CUSIP 58769EAC2
1,115,000 MET LIFE GLOB FUNDING I 1,113,728.90 989,216.85 0.68 124,512.05- 8,130.21 144A PRIV PLCMT 1.875 01/11/2027 99.8860 88.7190
MOODY'S RATING AA3
CUSIP 59217GER6
770,000 MET TOWER GLOBAL FUNDING 769,291.60 671,786.50 0.46 97,505.10- 2,058.68 144A PRIV PLCMT 1.250 09/14/2026 99.9080 87.2450
MOODY'S RATING AA3
CUSIP 58989V2D5
650,000 MORGAN STANLEY 615,699.50 604,623.50 0.41 11,076.00- 1,303.68 DTD 04/28/20 04/28/2026 94.7230 93.0190
MOODY'S RATING A1
CUSIP 6174468Q5
1,680,000 NEW YORK LIFE GLOBAL FDG 1,678,185.60 1,565,054.40 1.07 113,131.20- 9,270.33 144A PRIV PLCMT 1.450 01/14/2025 99.8920 93.1580

MOODY'S RATING AAA
CUSIP 64952WEK5
208,142.54 NISSAN AUTO RECEIVABLES OWNER 209,175.10 207,274.59 0.14 1,900.51- 178.54 SER 2019-C CL A3 *0 DAY DELAY* 100.4961 99.5830
DTD 10/23/19 1.930 07/15/2024

MOODY'S RATING AAA
CUSIP 65479JAD5
501
CC 01-17-2023
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PAGE 13

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

CALLABLE
MOODY'S RATING A2
CUSIP 665859AW4
850,000 NORTHWESTERN MUTUAL GLBL 827,449.50 753,907.50 0.51 73,542.00- 2,587.78 144A PRIV PLCMT 0.800 01/14/2026 97.3470 88.6950

MOODY'S RATING AAA
CUSIP 66815L2A6
1,170,000 NORTHWESTERN MUTUAL GLBL 1,169,602.20 1,143,370.80 0.78 26,231.40- 19,500.00 DTD 07/01/2022 4.000% 07/01/2025 99.9660 97.7240

NON CALLABLE
144A PRIVATE PLACEMENT

MOODY'S RATING AAA
CUSIP 66815L2J7
370,000 PACCAR FINANCIAL CORP 369,182.30 353,720.00 0.24 15,462.30- 2,342.31 MED TERM NOTE 99.7790 95.6000
DTD 08/15/19 2.150 08/15/2024
MOODY'S RATING A1
CUSIP 69371RQ25
680,000 PACCAR FINANCIAL CORP 679,632.80 632,964.40 0.43 46,668.40- 1,057.78 MED TERM NOTE 99.9460 93.0830
DTD 08/09/21 0.500 08/09/2024
MOODY'S RATING A1
CUSIP 69371RR40
885,000 PACCAR FINANCIAL CORP 884,769.90 851,750.55 0.58 33,019.35- 3,783.38 DTD 04/07/2022 2.850% 04/07/2025 99.9740 96.2430

NON CALLABLE
MOODY'S RATING A1
CUSIP 69371RR73
904,000 PRICOA GLOBAL FUNDING 1 832,972.72 808,691.28 0.55 24,281.44- 1,808.00 144A PRIV PLCMT 0.800 09/01/2025 92.1430 89.4570
MOODY'S RATING AA3
CUSIP 74153WCM9
502
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STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

CONVERTIBLE
DTD 04/14/2022 3.375% 04/14/2025

NON CALLABLE
MOODY'S RATING A1
CUSIP 78016EZ59
1,760,000 SALESFORCE.COM INC 1,748,937.40 1,650,968.00 1.13 97,969.40- 4,155.56 DTD 07/12/21 0.625 07/15/2024 99.3715 93.8050
MOODY'S RATING A2
CUSIP 79466LAG9
1,500,000 TORONTO-DOMINION BANK 1,527,255.00 1,450,635.00 0.99 76,620.00- 18,660.42 MED TERM NOTE 101.8170 96.7090
DTD 06/12/19 2.650 06/12/2024
MOODY'S RATING A1
CUSIP 89114QCA4
700,000 TORONTO-DOMINION BANK 674,737.00 651,399.00 0.44 23,338.00- 3,975.42 MED TERM NOTE SER FXD 96.3910 93.0570
DTD 01/12/22 1.450 01/10/2025
MOODY'S RATING A1
CUSIP 89114TZL9
239,650.17 TOYOTA AUTO RECEIVABLES OWNER 239,605.52 234,778.08 0.16 4,827.44- 37.28 SER 2020-D CL A3 *0 DAY DELAY* 99.9814 97.9670
DTD 10/13/20 0.350 01/15/2025
CUSIP 89236XAC0
503
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PAGE 15

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 89240BAC2
630,109.48 TOYOTA LEASE OWNER TRUST 617,507.29 620,008.83 0.42 2,501.54 61.44 SER 2021-A CL A3 *0 DAY DELAY* 98.0000 98.3970
144A PRIV PLCMT 0.390 04/22/2024

MOODY'S RATING AAA
CUSIP 89238EAC0
1,150,000 TOYOTA LEASE OWNER TRUST 1,149,818.99 1,106,173.50 0.75 43,645.49- 688.72 ASSET BCKD SEC SER 2022-A CL A3 99.9843 96.1890
DTD 02/28/2022 1.960% 02/20/2025

CALLABLE
144A PRIVATE PLACEMENT
CUSIP 89238LAC4
1,385,000 TOYOTA MOTOR CREDIT CORP 1,384,390.60 1,231,126.50 0.84 153,264.10- 7,054.84 MED TERM NOTE 99.9560 88.8900
DTD 06/18/21 1.125 06/18/2026
MOODY'S RATING A1
CUSIP 89236TJK2
1,215,000 TOYOTA MOTOR CREDIT CORP 1,213,371.90 1,140,617.70 0.78 72,754.20- 6,753.37 DTD 01/13/22 1.450 01/13/2025 99.8660 93.8780
MOODY'S RATING A1
CUSIP 89236TJT3
3,100,000 UNITED STATES TREASURY NOTES 3,057,617.20 2,932,538.00 2.00 125,079.20- 11,539.36 DTD 03/15/2022 1.750% 03/15/2025 98.6328 94.5980

MOODY'S RATING AAA
CUSIP 91282CED9
504
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PAGE 16

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 91282CEW7
400,000 UNITED STATES TREASURY NOTES 393,218.75 381,124.00 0.26 12,094.75- 3,676.63 DTD 07/31/2022 2.750% 07/31/2027 98.3047 95.2810

MOODY'S RATING AAA
CUSIP 91282CFB2
4,500,000 UNITED STATES TREASURY NOTES 4,468,902.34 4,362,525.00 2.98 106,377.34- 35,738.95 DTD 08/31/2022 3.125% 08/31/2027 99.3090 96.9450

MOODY'S RATING AAA
CUSIP 91282CFH9
3,450,000 UNITED STATES TREASURY NOTES 3,421,152.34 3,492,055.50 2.38 70,903.16 24,240.04 DTD 09/30/2022 4.125% 09/30/2027 99.1639 101.2190

MOODY'S RATING AAA
CUSIP 91282CFM8
1,035,000 UNITEDHEALTH GROUP INC 1,025,051.35 931,500.00 0.64 93,551.35- 529.00 DTD 05/19/21 1.150 05/15/2026 99.0388 90.0000
MOODY'S RATING A3
CUSIP 91324PEC2
675,000 UNITEDHEALTH GROUP INC 675,316.70 654,250.50 0.45 21,066.20- 1,110.00 DTD 05/20/2022 3.700% 05/15/2027 100.0469 96.9260

CALLABLE
MOODY'S RATING A3
CUSIP 91324PEG3
1,250,000 US BANCORP 1,268,262.50 1,206,362.50 0.82 61,900.00- 10,083.33 DTD 07/29/19 2.400 07/30/2024 101.4610 96.5090
MOODY'S RATING A2
CUSIP 91159HHX1
1,500,000 US TREASURY NOTE 1,469,765.63 1,354,575.00 0.92 115,190.63- 1,253.40 DTD 07/31/20 0.250 07/31/2025 97.9844 90.3050

MOODY'S RATING AAA
CUSIP 91282CAB7
505
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PAGE 17

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 91282CAM3
2,450,000 US TREASURY NOTE 2,422,492.19 2,195,812.50 1.50 226,679.69- 524.52 DTD 10/31/20 0.250 10/31/2025 98.8772 89.6250

MOODY'S RATING AAA
CUSIP 91282CAT8
2,250,000 US TREASURY NOTE 2,209,658.20 2,016,832.50 1.38 192,825.70- 23.18 DTD 11/30/20 0.375 11/30/2025 98.2070 89.6370

MOODY'S RATING AAA
CUSIP 91282CAZ4
2,500,000 US TREASURY NOTE 2,456,445.31 2,229,200.00 1.52 227,245.31- 3,133.49 DTD 02/01/21 0.375 01/31/2026 98.2578 89.1680

MOODY'S RATING AAA
CUSIP 91282CBH3
1,450,000 US TREASURY NOTE 1,446,488.28 1,371,105.50 0.94 75,382.78- 771.06 DTD 03/15/21 0.250 03/15/2024 99.7578 94.5590

MOODY'S RATING AAA
CUSIP 91282CBR1
2,500,000 US TREASURY NOTE 2,493,652.34 2,240,825.00 1.53 252,827.34- 1,605.66 DTD 04/30/21 0.750 04/30/2026 99.7461 89.6330

MOODY'S RATING AAA
CUSIP 91282CBW0
1,400,000 US TREASURY NOTE 1,379,054.68 1,247,148.00 0.85 131,906.68- 2,086.54 DTD 09/30/21 0.875 09/30/2026 98.5039 89.0820

MOODY'S RATING AAA
CUSIP 91282CCZ2
1,400,000 US TREASURY NOTE 1,391,468.75 1,257,158.00 0.86 134,310.75- 1,348.76 DTD 11/01/21 1.125 10/31/2026 99.3906 89.7970
CUSIP 91282CDG3
506
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PAGE 18

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

MOODY'S RATING AAA
CUSIP 912828B66
1,700,000 US TREASURY NOTE 1,753,191.41 1,640,228.00 1.12 112,963.41- 11,849.18 DTD 08/15/14 2.375 08/15/2024 103.1289 96.4840

MOODY'S RATING AAA
CUSIP 912828D56
1,500,000 US TREASURY NOTE 1,529,472.66 1,460,505.00 1.00 68,967.66- 14,123.64 DTD 01/03/17 2.250 12/31/2023 101.9649 97.3670

MOODY'S RATING AAA
CUSIP 912828V23
2,000,000 US TREASURY NOTE 2,018,574.22 1,922,960.00 1.31 95,614.22- 16,739.13 DTD 06/30/17 2.000 06/30/2024 100.9287 96.1480

MOODY'S RATING AAA
CUSIP 912828XX3
1,700,000 US TREASURY NOTE 1,705,976.56 1,639,174.00 1.12 66,802.56- 2,911.60 DTD 05/01/17 2.000 04/30/2024 100.3516 96.4220

MOODY'S RATING AAA
CUSIP 912828X70
2,100,000 US TREASURY NOTE 2,087,203.13 1,993,929.00 1.36 93,274.13- 15,379.08 DTD 12/31/19 1.750 12/31/2024 99.3906 94.9490
CUSIP 912828YY0
1,500,000 US TREASURY NOTE 1,523,144.53 1,399,800.00 0.96 123,344.53- 4,288.67 DTD 03/02/20 1.125 02/28/2025 101.5430 93.3200

MOODY'S RATING AAA
CUSIP 912828ZC7
2,500,000 US TREASURY NOTE 2,360,839.85 2,282,225.00 1.56 78,614.85- 802.83 DTD 04/30/20 0.375 04/30/2025 94.4336 91.2890

MOODY'S RATING AAA
CUSIP 912828ZL7
507
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PAGE 19

STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED

PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 570,000 VERIZON MASTER TRUST 569,974.92 559,272.60 0.38 10,702.32- 647.90 ASSET BCKD SEC SER 2022-5 CL A1A 99.9956 98.1180
DTD 08/11/2022 VAR CPN 07/20/2027

CALLABLE
CUSIP 92348KAV5
521,030.91 VERIZON OWNER TRUST 520,921.49 511,454.36 0.35 9,467.13- 74.83 SER 2020-B CL A *0 DAY DELAY* 99.9790 98.1620
DTD 08/12/20 0.470 02/20/2025

MOODY'S RATING AAA
CUSIP 92290BAA9
38,078.92 VERIZON OWNER TRUST 38,075.98 37,975.73 0.03 100.25- 22.57 SER 2019-C CL A1A *0 DAY DELAY* 99.9923 99.7290
144A PRIV PLCMT 1.940 04/22/2024
CUSIP 92348AAA3
350,000 WALMART INC 349,338.50 310,821.00 0.21 38,517.50- 755.42 DTD 09/17/21 1.050 09/17/2026 99.8110 88.8060
MOODY'S RATING AA2
CUSIP 931142ER0
TOTAL BOND & NOTES 155,115,723.39 145,633,032.17 99.39 9,482,691.22- 559,149.77 ====================================================================================================================================== TOTAL INVESTMENTS 156,015,128.99 146,532,437.77 100.00 9,482,691.22- 560,521.79 TOTAL ACCRUALS 560,521.79 560,521.79
====================================================================================================================================== TOTAL ACCRUALS AND INVESTMENTS 156,575,650.78 147,092,959.56 508
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PAGE 20

CASH SUMMARY CITY OF CUPERTINO
FOR THE PERIOD NOVEMBER 1, 2022 THROUGH NOVEMBER 30, 2022 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯

CASH SUMMARY

RECEIPTS
NET INTEREST COLLECTED 0.00 140,085.43
TRANSFER RECEIPTS 140,086.54 0.00
SALES 493,681.38 0.00
CASH MANAGEMENT SALES 20,962.94 0.00
TOTAL CASH RECEIPTS 654,730.86 140,085.43

DISBURSEMENTS
INVESTMENT MANAGEMENT EXPENSES 8,946.33- 0.00
TRANSFER DISBURSEMENTS 0.00 140,086.54-
CASH MANAGEMENT PURCHASES 645,783.42- 0.00
TOTAL CASH DISBURSEMENTS 654,729.75- 140,086.54-
ENDING BALANCE 0.00 0.00
________________________________________________________________________________________________________________________________________ 509
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PAGE 21

STATEMENT OF TRANSACTIONS CITY OF CUPERTINO
FOR THE PERIOD NOVEMBER 1, 2022 THROUGH NOVEMBER 30, 2022 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

CASH EQUIVALENTS
11/01/22 INTEREST RECEIVED 900.92
AS 100% TREAS MM FD-SVC CL #008
INTEREST FROM 10/1/22 TO 10/31/22
11/01/22 INTEREST RECEIVED 63.50

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 10/1/22 TO 10/31/22
11/30/22 645,656.42 CASH SWEEP PURCHASES FOR STMT PERIOD 645,656.42- 645,656.42 AS 100% TREAS MM FD-SVC CL #008
16 TRANSACTIONS
11/30/22 127 CASH SWEEP PURCHASES FOR STMT PERIOD 127.00- 127.00

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
2 TRANSACTIONS
11/30/22 20,899.44- CASH SWEEP SALES FOR STMT PERIOD 20,899.44 20,899.44- AS 100% TREAS MM FD-SVC CL #008
5 TRANSACTIONS
11/30/22 63.5- CASH SWEEP SALES FOR STMT PERIOD 63.50 63.50-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
1 TRANSACTIONS

BONDS & NOTES
11/14/22 INTEREST RECEIVED 9,375.00
AMAZON.COM INC 1.000% 5/12/26
CUSIP 023135BX3
INTEREST ON 1,875,000.000 UNITS
11/15/22 INTEREST RECEIVED 2,845.38
AMERICAN EXPRES ABS 2.210% 3/15/27
CUSIP 02589BAA8
$0.00184/PV ON 1,545,000.00 PV
DUE 11/15/22
510
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PAGE 22

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/22 INTEREST RECEIVED 3,884.38
AMERICAN EXPRESS ABS 3.390% 5/17/27
CUSIP 02582JJT8
$0.00283/PV ON 1,375,000.00 PV
DUE 11/15/22
11/01/22 INTEREST RECEIVED 11,470.00
BANK OF MONTREAL 1.850% 5/01/25
CUSIP 06367WB85
INTEREST ON 1,240,000.000 UNITS
11/18/22 INTEREST RECEIVED 19,750.00
BANK OF NEW YORK MEL 3.950% 11/18/25
CUSIP 06406HCQ0
INTEREST ON 1,000,000.000 UNITS
11/25/22 INTEREST RECEIVED 116.88
BMW VEHICLE LEASE TR 0.330% 12/26/24
CUSIP 09690AAC7
$0.00027/PV ON 425,000.00 PV
DUE 11/25/22
11/25/22 INTEREST RECEIVED 412.50
BMW VEHICLE LEASE TR 1.100% 3/25/25
CUSIP 05601XAC3
11/28/22 INTEREST RECEIVED 1,417.75
BMW VEHICLE OWN ABS 3.210% 8/25/26
CUSIP 05602RAD3
$0.00268/PV ON 530,000.00 PV
DUE 11/25/22
11/08/22 INTEREST RECEIVED 11,825.00
CATERPILLAR FINL SER 2.150% 11/08/24
CUSIP 14913Q3B3
INTEREST ON 1,100,000.000 UNITS
511
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PAGE 23

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/25/22 INTEREST RECEIVED 3,435.25
FED HOME LN MTG CORP 3.171% 10/25/24
CUSIP 3137BFE98
$0.00264/PV ON 1,300,000.00 PV
DUE 11/25/22
11/07/22 INTEREST RECEIVED 6,250.00
FED NATL MTG ASSN 0.500% 11/07/25
CUSIP 3135G06G3
INTEREST ON 2,500,000.000 UNITS
11/25/22 INTEREST RECEIVED 1,437.04
FHLMC MULTIFAMILY ST 2.653% 8/25/26
CUSIP 3137BSP72
$0.00221/PV ON 650,000.00 PV
DUE 11/25/22
11/25/22 INTEREST RECEIVED 1,422.62
FHLMC MULTIFAMILY ST 2.995% 12/25/25
CUSIP 3137BN6G4
$0.00250/PV ON 570,000.00 PV
DUE 11/25/22
11/25/22 INTEREST RECEIVED 2,508.33
FHLMC MULTIFAMILY ST 3.010% 8/25/25
CUSIP 3137BLMZ8
$0.00251/PV ON 1,000,000.00 PV
DUE 11/25/22
11/25/22 INTEREST RECEIVED 2,703.33
FHLMC MULTIFAMILY ST 3.244% 8/25/27
CUSIP 3137FBBX3
$0.00270/PV ON 1,000,000.00 PV
DUE 11/25/22
512
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PAGE 24

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/25/22 INTEREST RECEIVED 1,212.93
FHLMC MULTIFAMILY ST 3.308% 9/25/25
CUSIP 3137BM7C4
$0.00276/PV ON 440,000.00 PV
DUE 11/25/22
11/16/22 INTEREST RECEIVED 1,007.50
GM FINANCIAL ABS 3.100% 2/16/27
CUSIP 362585AC5
$0.00258/PV ON 390,000.00 PV
DUE 11/16/22
11/21/22 INTEREST RECEIVED 313.63
GM FINANCIAL AUTOMOB 0.390% 10/21/24
CUSIP 36262XAC8
$0.00032/PV ON 965,000.00 PV
DUE 11/20/22
11/21/22 INTEREST RECEIVED 1,496.25
GM FINANCIAL AUTOMOB 1.850% 3/20/25
CUSIP 36265MAC9
$0.00158/PV ON 945,000.00 PV
DUE 11/20/22
11/16/22 INTEREST RECEIVED 198.33
GM FINANCIAL SECURIT 0.680% 9/16/26
CUSIP 362554AC1
$0.00057/PV ON 350,000.00 PV
DUE 11/16/22
11/16/22 INTEREST RECEIVED 309.75
GM FINANCIAL SECURIT 1.260% 11/16/26
CUSIP 380146AC4
$0.00105/PV ON 295,000.00 PV
DUE 11/16/22
513
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PAGE 25

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/21/22 INTEREST RECEIVED 53.78
HONDA AUTO RECEIVABL 0.270% 4/21/25
CUSIP 43813GAC5
$0.00023/PV ON 239,011.35 PV
DUE 11/21/22
11/21/22 16,446.53- PAID DOWN 16,446.53 16,446.23- 0.30 HONDA AUTO RECEIVABL 0.270% 4/21/25
CUSIP 43813GAC5
11/18/22 INTEREST RECEIVED 107.09
HONDA AUTO RECEIVABL 0.370% 10/18/24
CUSIP 43813KAC6
$0.00031/PV ON 347,302.90 PV
DUE 11/18/22
11/18/22 30,174.19- PAID DOWN 30,174.19 30,169.76- 4.43 HONDA AUTO RECEIVABL 0.370% 10/18/24
CUSIP 43813KAC6
11/15/22 INTEREST RECEIVED 47.49
HONDA AUTO RECEIVABL 0.820% 7/15/24
CUSIP 43813DAC2
$0.00068/PV ON 69,491.63 PV
DUE 11/15/22
11/15/22 7,431.68- PAID DOWN 7,431.68 7,431.10- 0.58
HONDA AUTO RECEIVABL 0.820% 7/15/24
CUSIP 43813DAC2
11/21/22 INTEREST RECEIVED 337.33
HONDA AUTO RECEIVABL 0.880% 1/21/26
CUSIP 43815GAC3
$0.00073/PV ON 460,000.00 PV
DUE 11/21/22
514
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PAGE 26

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/22 INTEREST RECEIVED 1,159.33
HONDA AUTO RECEIVABL 1.000% 5/15/26
CUSIP 43815BAC4
$0.00157/PV ON 740,000.00 PV
DUE 11/15/22
11/15/22 INTEREST RECEIVED 38.76
HONDA AUTO RECEIVABL 1.780% 8/15/23
CUSIP 43815NAC8
$0.00148/PV ON 26,130.61 PV
DUE 11/15/22
11/15/22 26,130.61- PAID DOWN 26,130.61 26,086.69- 43.92 HONDA AUTO RECEIVABL 1.780% 8/15/23
CUSIP 43815NAC8
11/15/22 INTEREST RECEIVED 217.25
HYUNDAI AUTO LEASE 0.330% 6/17/24
CUSIP 44891VAC5
$0.00027/PV ON 790,000.00 PV
DUE 11/15/22
11/15/22 INTEREST RECEIVED 522.00
HYUNDAI AUTO LEASE 1.160% 1/15/25
CUSIP 44891WAC3
$0.00097/PV ON 540,000.00 PV
DUE 11/15/22
11/15/22 INTEREST RECEIVED 1,868.50
HYUNDAI AUTO REC ABS 2.220% 10/15/26
CUSIP 448977AD0
$0.00185/PV ON 1,010,000.00 PV
DUE 11/15/22
11/15/22 INTEREST RECEIVED 163.08
HYUNDAI AUTO RECEIVA 0.380% 9/15/25
CUSIP 44933LAC7
$0.00032/PV ON 515,000.00 PV
DUE 11/15/22
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STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/22 3,610.44- PAID DOWN 3,610.44 3,610.06- 0.38
HYUNDAI AUTO RECEIVA 0.380% 9/15/25
CUSIP 44933LAC7
11/15/22 INTEREST RECEIVED 820.17
HYUNDAI AUTO RECEIVA 0.740% 5/15/26
CUSIP 44935FAD6
$0.00062/PV ON 1,330,000.00 PV
DUE 11/15/22
11/15/22 INTEREST RECEIVED 3,500.00
INTER-AMERICAN DEVEL 0.250% 11/15/23
CUSIP 4581X0DP0
INTEREST ON 2,800,000.000 UNITS
11/15/22 INTEREST RECEIVED 870.00
JOHN DEERE OWNER ABS 2.320% 9/16/26
CUSIP 47787JAC2
$0.00193/PV ON 450,000.00 PV
DUE 11/15/22
11/15/22 INTEREST RECEIVED 2,041.42
JOHN DEERE OWNER ABS 3.740% 2/16/27
CUSIP 47800AAC4
$0.00312/PV ON 655,000.00 PV
DUE 11/15/22
11/15/22 INTEREST RECEIVED 51.58
JOHN DEERE OWNER TRU 0.510% 11/15/24
CUSIP 47787NAC3
$0.00043/PV ON 121,373.32 PV
DUE 11/15/22
11/15/22 13,388.5- PAID DOWN 13,388.50 13,386.46- 2.04
JOHN DEERE OWNER TRU 0.510% 11/15/24
CUSIP 47787NAC3
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STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/22 INTEREST RECEIVED 251.33
JOHN DEERE OWNER TRU 0.520% 3/16/26
CUSIP 47789QAC4
$0.00043/PV ON 580,000.00 PV
DUE 11/15/22
11/15/22 INTEREST RECEIVED 82.63
JOHN DEERE OWNER TRU 1.100% 8/15/24
CUSIP 47789KAC7
$0.00092/PV ON 90,138.81 PV
DUE 11/15/22
11/15/22 19,166.47- PAID DOWN 19,166.47 19,165.30- 1.17 JOHN DEERE OWNER TRU 1.100% 8/15/24
CUSIP 47789KAC7
11/15/22 INTEREST RECEIVED 63.76
JOHN DEERE OWNER TRU 2.210% 12/15/23
CUSIP 477870AC3
$0.00184/PV ON 34,622.11 PV
DUE 11/15/22
11/15/22 32,291.38- PAID DOWN 32,291.38 32,590.33- 298.95- JOHN DEERE OWNER TRU 2.210% 12/15/23
CUSIP 477870AC3
11/15/22 INTEREST RECEIVED 46.21
MERCEDES-BENZ AUTO 0.400% 11/15/23
CUSIP 58769EAC2
$0.00033/PV ON 138,632.94 PV
DUE 11/15/22
11/15/22 36,474.92- PAID DOWN 36,474.92 36,473.07- 1.85 MERCEDES-BENZ AUTO 0.400% 11/15/23
CUSIP 58769EAC2
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PAGE 29

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/22 INTEREST RECEIVED 409.55
NISSAN AUTO RECEIVAB 1.930% 7/15/24
CUSIP 65479JAD5
$0.00161/PV ON 254,640.73 PV
DUE 11/15/22
11/15/22 46,498.19- PAID DOWN 46,498.19 46,728.85- 230.66- NISSAN AUTO RECEIVAB 1.930% 7/15/24
CUSIP 65479JAD5
11/10/22 INTEREST RECEIVED 13,400.00
NORTHERN TRUST CORP 4.000% 5/10/27
CUSIP 665859AW4
INTEREST ON 670,000.000 UNITS
11/15/22 INTEREST RECEIVED 186.50
TOYOTA AUTO RECEIVAB 0.260% 5/15/25
CUSIP 89240BAC2
$0.00022/PV ON 860,769.19 PV
DUE 11/15/22
11/15/22 56,602.02- PAID DOWN 56,602.02 56,591.52- 10.50 TOYOTA AUTO RECEIVAB 0.260% 5/15/25
CUSIP 89240BAC2
11/15/22 INTEREST RECEIVED 76.80
TOYOTA AUTO RECEIVAB 0.350% 1/15/25
CUSIP 89236XAC0
$0.00029/PV ON 263,298.44 PV
DUE 11/15/22
11/15/22 23,648.27- PAID DOWN 23,648.27 23,643.86- 4.41 TOYOTA AUTO RECEIVAB 0.350% 1/15/25
CUSIP 89236XAC0
518
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PAGE 30

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/15/22 INTEREST RECEIVED 254.42
TOYOTA AUTO RECEIVAB 0.710% 4/15/26
CUSIP 89238JAC9
$0.00059/PV ON 430,000.00 PV
DUE 11/15/22
11/21/22 INTEREST RECEIVED 1,878.33
TOYOTA LEASE OWN ABS 1.960% 2/20/25
CUSIP 89238LAC4
$0.00163/PV ON 1,150,000.00 PV
DUE 11/20/22
11/21/22 INTEREST RECEIVED 227.50
TOYOTA LEASE OWNER 0.390% 4/22/24
CUSIP 89238EAC0
$0.00032/PV ON 700,000.00 PV
DUE 11/20/22
11/21/22 69,890.52- PAID DOWN 69,890.52 68,492.71- 1,397.81 TOYOTA LEASE OWNER 0.390% 4/22/24
CUSIP 89238EAC0
TO SETTLE ON 11/21/2022
11/15/22 INTEREST RECEIVED 5,951.25
UNITEDHEALTH GROUP 1.150% 5/15/26
CUSIP 91324PEC2
INTEREST ON 1,035,000.000 UNITS
11/15/22 INTEREST RECEIVED 12,140.62
UNITEDHEALTH GRP INC 3.700% 5/15/27
CUSIP 91324PEG3
INTEREST ON 675,000.000 UNITS
11/03/22 REVERSAL 3,063.61-

INTEREST RECEIVED
US TREASURY NOTE 0.250% 10/31/25
CUSIP 91282CAT8
INTEREST ON 2,450,000.000 UNITS
AN10 INCORRECT RATE
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PAGE 31

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/03/22 INTEREST RECEIVED 3,062.50
US TREASURY NOTE 0.250% 10/31/25
CUSIP 91282CAT8
INTEREST ON 2,450,000.000 UNITS
11/30/22 INTEREST RECEIVED 4,218.75
US TREASURY NOTE 0.375% 11/30/25
CUSIP 91282CAZ4
INTEREST ON 2,250,000.000 UNITS
11/21/22 INTEREST RECEIVED 1,767.00
VERIZON MAST ABS V-M 3.720% 7/20/27
CUSIP 92348KAV5
$0.00310/PV ON 570,000.00 PV
DUE 11/20/22
11/21/22 INTEREST RECEIVED 238.65
VERIZON OWNER TRUST 0.470% 2/20/25
CUSIP 92290BAA9
$0.00039/PV ON 609,324.26 PV
DUE 11/20/22
11/21/22 88,293.35- PAID DOWN 88,293.35 88,274.81- 18.54 VERIZON OWNER TRUST 0.470% 2/20/25
CUSIP 92290BAA9
TO SETTLE ON 11/21/2022
11/21/22 INTEREST RECEIVED 99.77
VERIZON OWNER TRUST 1.940% 4/22/24
CUSIP 92348AAA3
$0.00162/PV ON 61,713.23 PV
DUE 11/20/22
11/21/22 23,634.31- PAID DOWN 23,634.31 23,632.49- 1.82 VERIZON OWNER TRUST 1.940% 4/22/24
CUSIP 92348AAA3
TO SETTLE ON 11/21/2022
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PAGE 32

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/25/22 INTEREST RECEIVED 2,639.42
VR FHLMC MULTIFAMI 3.334% 8/25/25
CUSIP 3137BLW95
$0.00278/PV ON 950,000.00 PV
DUE 11/25/22

TRANSFER RECEIPTS
11/01/22 ADDITION TO ACCOUNT 12,435.53

TRANSFER FROM INCOME
11/07/22 ADDITION TO ACCOUNT 6,248.89

TRANSFER FROM INCOME
11/08/22 ADDITION TO ACCOUNT 11,825.00

TRANSFER FROM INCOME
11/09/22 ADDITION TO ACCOUNT 11,825.00

TRANSFER FROM INCOME
11/10/22 ADDITION TO ACCOUNT 1,575.00

TRANSFER FROM INCOME
11/14/22 ADDITION TO ACCOUNT 9,375.00

TRANSFER FROM INCOME
11/15/22 ADDITION TO ACCOUNT 37,190.35

TRANSFER FROM INCOME
11/16/22 ADDITION TO ACCOUNT 810.14

TRANSFER FROM INCOME
11/17/22 ADDITION TO ACCOUNT 1,007.50

TRANSFER FROM INCOME
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STATEMENT OF TRANSACTIONS

REALIZED

TRANSFER FROM INCOME
11/21/22 ADDITION TO ACCOUNT 6,412.24

TRANSFER FROM INCOME
11/25/22 ADDITION TO ACCOUNT 15,475.80

TRANSFER FROM INCOME
11/28/22 ADDITION TO ACCOUNT 412.50

TRANSFER FROM INCOME
11/29/22 ADDITION TO ACCOUNT 1,417.75

TRANSFER FROM INCOME
11/30/22 ADDITION TO ACCOUNT 4,218.75

TRANSFER FROM INCOME

INVESTMENT MANAGEMENT EXPENSES
11/04/22 INVESTMENT MGMT FEE 8,946.33-

PAID TO CHANDLER ASSET MANAGEMENT INC

CHANDLER ASSET MGMT FEE

TRANSFER DISBURSEMENTS
11/01/22 TRANSFER TO PRINCIPAL 12,435.53-
11/07/22 TRANSFER TO PRINCIPAL 6,248.89-
11/08/22 TRANSFER TO PRINCIPAL 11,825.00-
11/09/22 TRANSFER TO PRINCIPAL 11,825.00-
11/10/22 TRANSFER TO PRINCIPAL 1,575.00-
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INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE • SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED PAGE 34

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 11/14/22 TRANSFER TO PRINCIPAL 9,375.00-
11/15/22 TRANSFER TO PRINCIPAL 37,190.35-
11/16/22 TRANSFER TO PRINCIPAL 810.14-
11/17/22 TRANSFER TO PRINCIPAL 1,007.50-
11/18/22 TRANSFER TO PRINCIPAL 19,857.09-
11/21/22 TRANSFER TO PRINCIPAL 6,412.24-
11/25/22 TRANSFER TO PRINCIPAL 15,475.80-
11/28/22 TRANSFER TO PRINCIPAL 412.50-
11/29/22 TRANSFER TO PRINCIPAL 1,417.75-
11/30/22 TRANSFER TO PRINCIPAL 4,218.75-
================================================================================================================= ENDING BALANCE 0.00 156,015,128.99
¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
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CITY OF CUPERTINO
PARS Post-Employment Benefits Trust 11/1/2022 to 11/30/2022 Kristina Alfaro
Director of Administrative Services
City of Cupertino
10300 Torre Ave.

Cupertino, CA 95014
Account Summary
Source 11/1/2022 Contributions Earnings Expenses Distributions Transfers 11/30/2022 OPEB 1001 $31,145,540.33 $0.00 $1,691,991.63 $9,357.18 $0.00 $0.00 $32,828,174.78 PENSION 1002 $17,129,563.42 $0.00 $930,555.36 $5,146.27 $0.00 $0.00 $18,054,972.51 Totals $48,275,103.75 $0.00 $2,622,546.99 $14,503.45 $0.00 $0.00 $50,883,147.29 Investment Selection
Source
OPEB

PENSION
Investment Objective
Source
OPEB

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years OPEB 5.43% 2.12% -13.45% 2.93% 3.87% 5.72% 6/21/2010
PENSION 5.43% 2.13% -13.44% 4.15% - - 3/26/2019
Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Balance as of
Individual account based on US Bank Balanced MM. Dual goals are to provide a moderate amount of current income with moderate capital growth.

Income production and longer term growth of capital.

Individual account based on US Bank Balanced MM. Dual goals are to provide a moderate amount of current income with moderate capital growth.

Income production and longer term growth of capital.

Account Report for the Period
Balance as of
City of Cupertino - OPEB
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12/1/22, 1:08 PM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 Local Agency Investment Fund
P O Box 942809
Sacramento, CA 94209-0001
(916) 653 3001
December 01, 2022
LAIF Home
PMIA Average Monthly Yields

CITY OF CUPERTINO

FINANCE MANAGER
10300 TORRE AVENUE
CUPERTINO, CA 95014
Account Number:

November 2022 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 21,170,972.93
Total Withdrawal: 0 00 Ending Balance: 21,170,972.93
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CITY OF CUPERTINO
Agenda Item
23-11915 Agenda Date: 1/17/2023
Agenda #: 17.

Subject: Consider a resolution establishing the City Council meeting calendar through January 2, 2024 Adopt Resolution No. 23-013 establishing the City Council meeting calendar through January 2, 2024 CITY OF CUPERTINO Page 1 of 1 Printed on 1/11/2023
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1 CITY COUNCIL STAFF REPORT
Meeting: January 17, 2023
Subject
Consider a resolution establishing the City Council meeting calendar through January 2, 2024.

Recommended Action
Adopt Resolution No. 23-___ establishing the City Council meeting calendar through January 2, 2024.

Description
Cupertino Municipal Code Section 2.04.010 sets regular City Council meetings on the first and third Tuesdays of each month at 6:45 p.m. The City Council may cancel a regular meeting by a vote of a majority of the Council. On regular meeting days, the City Council shall begin any closed session items at 6:00 p.m. City Council meetings that fall on legal holidays shall automatically be moved to the following day. Special meetings that are held outside of the regular meeting day and time may be called at any time by the Mayor or by three Councilmembers (CMC Section

2.04.020). The draft resolution (Attachment A) sets regular City Council meeting dates for the calendar year 2023. The meeting calendar follows the regular first and third Tuesday meeting schedule except for the July 4 meeting which was moved to July 5 due to the holiday.

The City has historically cancelled one or more meetings during the summer. If adopted, the proposed City Council Procedures Manual would establish a regular annual recess period beginning on the first Tuesday in August and ending the Tuesday following Labor Day. The draft resolution sets a City Council that would cancel meetings during the proposed recess (on Tuesday, August 1 and Tuesday, August 15). If Council wishes to authorize the cancellations, staff will provide meeting cancellation notifications to the public in advance.

Staff also recommends cancelling the January 2, 2024 meeting, which immediately follows the City’s annual holiday closure.
2023 COUNCIL MEETING CALENDAR
Meeting Date Open
Session
Start Time
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2 Tuesday, February 7, 2023 6:45 PM
Tuesday, February 21, 2023 6:45 PM
Tuesday, March 7, 2023 6:45 PM
Tuesday, March 21, 2023 6:45 PM
Tuesday, April 4, 2023 6:45 PM
Tuesday, April 18, 2023 6:45 PM
Tuesday, May 2, 2023 6:45 PM
Tuesday, May 16, 2023 6:45 PM
Tuesday, June 6, 2023 6:45 PM
Tuesday, June 20, 2023 6:45 PM
Wednesday, July 5, 2023 6:45 PM Moved due to July 4 Holiday Tuesday, July 18, 2023 6:45 PM
Tuesday, August 1, 2023 6:45 PM Cancelled
Tuesday, August 15, 2023 6:45 PM Cancelled
Tuesday, September 5, 2023 6:45 PM
Tuesday, September 19, 2023 6:45 PM
Tuesday, October 3, 2023 6:45 PM
Tuesday, October 17, 2023 6:45 PM
Tuesday, November 7, 2023 6:45 PM
Tuesday, November 21, 2023 6:45 PM
Tuesday, December 5, 2023 6:45 PM
Tuesday, December 19, 2023 6:45 PM
Staff recommends adopting Resolution No. 23-___ establishing the 2023 City Council meeting calendar and cancelling the January 2, 2024 meeting. If approved, the resolution will establish dates and times assisting City Council and staff with advance planning and scheduling of City business and provide an opportunity for members of the public to plan accordingly. The proposed resolution does not limit the ability of Council to schedule additional meetings as authorized by the Municipal Code and in compliance with the Brown Act.

Fiscal Impact
There is no fiscal impact.

Sustainability Impact
There is no sustainability impact.
_____________________________________
Prepared by: Kirsten Squarcia, City Clerk
Approved for Submission by: Pamela Wu, City Manager
Attachments:

A – Draft Resolution
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RESOLUTION NO. 23-___

A RESOLUTION OF THE CUPERTINO CITY COUNCIL

ESTABLISHING THE CITY COUNCIL MEETING SCHEDULE
FOR THE CALENDAR YEAR OF 2023
WHEREAS, the City Council wishes to set an annual City Council meeting calendar to establish dates and times assisting City Council and staff with advance planning and scheduling of City business; and
WHEREAS, pursuant to Cupertino Municipal Code Section 2.04.010, the following calendar is established, notwithstanding the scheduling of additional regular meetings and the addition of special meetings and study sessions pursuant to the Brown Act; and
WHEREAS, pursuant to Cupertino Municipal Code Section 2.04.020, the City Council sets aside a time period for closed sessions before the open session portion of each regular meeting; and
WHEREAS, the City Council wishes to set a recess beginning the first Tuesday in August and ending the Tuesday following the week of Labor Day.

NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby establish and order as follows.

SECTION 1. The City Council hereby establishes 6:45 p.m. as the regular meeting time for each regular meeting, except when Council is in recess. Closed sessions may be held at 6:00 p.m. No closed session of the regular meeting will be held at that time unless the posted agenda of the regular meeting indicates that such closed session will take place.

SECTION 2. The City Council establishes the following meeting schedule for the calendar year of 2023.
2023 COUNCIL MEETING CALENDAR
Meeting Date Open
Session
Start Time
Tuesday, February 7, 2023 6:45 PM
Tuesday, February 21, 2023 6:45 PM
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Resolution No. 23-___

Page 2 ends

Cupertino City CouncilJanuary 17, 2023

Cupertino City Council
January 17, 2023