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
PCS - SAN FRANCISCO CA
510 N VALLEY MILLS DRIVE, SUITE 400
WACO, TX 76710-6075
CITY OF CUPERTINO -
CHANDLER ASSET MANAGEMENT
ACCOUNT NUMBER
MONTHLY STAT
DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025
ACCOUNT MANAGER: MICHAEL J WADE
TELEPHONE NUMBER: 515-878-6110
PFGEDD INVESTMENT CONTACT: IMR/DEREK JOHNSON TELEPHONE NUMBER:
ADMINISTRATOR: BELINDA CONWAY
TELEPHONE NUMBER: 254-265-6137
00126 SE
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.
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.
TABLE OF CONTENTS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯ PAGE
REPORT NAME NUMBER ___________ ______ ASSET SUMMARY .................................................................................. 1 STATEMENT OF ASSETS AND LIABILITIES ............................................................ 2 CASH SUMMARY ................................................................................... 19 STATEMENT OF TRANSACTIONS ...................................................................... 20
PAGE 1
ASSET SUMMARY CITY OF CUPERTI AS OF DECEMBER 31, 2025 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 1,216,546.98 1,216,546.98 0.59 0.00 39,405 3.24 6,962.94 BONDS AND NOTES 202,306,410.52 204,445,216.25 99.41 2,138,805.73 7,562,917 3.70 1,622,304.59 ===================================================================================================================================== TOTAL INVESTMENTS 203,522,957.50 205,661,763.23 100.00 2,138,805.73 7,602,323 3.70 1,629,267.53 TOTAL ACCRUALS 1,629,267.53 1,629,267.53 ===================================================================================================================================== TOTAL ACCRUALS AND INVESTMENTS 205,152,225.03 207,291,030.76 2,138,805.73 7,602,323 3.70 1,629,267.53
PAGE 2
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ CASH EQUIVALENTS______________________________________________________________________________________________________________________________________ 1,163,773.36 ALLSPRING 100% TREASURY 1,163,773.36 1,163,773.36 0.57 0.00 6,878.80 MONEY MARKET FUND - #008 1.0000 1.0000 52,773.62 PRINCIPAL PUBLIC DEPOSIT SWEEP 52,773.62 52,773.62 0.03 0.00 84.14 PROGRAM 1.0000 1.0000 ====================================================================================================================================== TOTAL CASH EQUIVALENTS 1,216,546.98 1,216,546.98 0.59 0.00 6,962.94 BOND & NOTES______________________________________________________________________________________________________________________________________ 1,420,000 AMERICAN EXPRESS CREDIT ACCOUNT 1,419,974.30 1,436,202.20 0.70 16,227.90 2,701.16 ASSET BCKD SEC SER 2025-2 CL A 99.9982 101.1410 DTD 05/13/2025 4.280% 04/15/2030
NON CALLABLE
CUSIP 02582JKP4
1,750,000 AMERICAN HONDA FINANCE 1,758,102.50 1,767,675.00 0.86 9,572.50 24,811.11 MEDIUM TERM NOTE 100.4630 101.0100 DTD 09/05/2024 4.400% 09/05/2029
NON CALLABLE
MOODY'S RATING A3
CUSIP 02665WFQ9
1,500,000 BANK OF AMERICA CORP 1,498,710.00 1,506,870.00 0.73 8,160.00 28,117.42 DTD 07/23/18 07/23/2029 99.9140 100.4580 MOODY'S RATING A1
CUSIP 06051GHM4
850,000 BANK OF AMERICA CREDIT CARD TRUST 858,798.83 858,823.00 0.42 24.17 1,881.33 ASSET BCKD SEC SER 2023-A2 CL A2 101.0352 101.0380 DTD 12/14/2023 4.980% 11/15/2028
NON CALLABLE
MOODY'S RATING AAA
CUSIP 05522RDH8
PAGE 3
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 785,000 BANK OF AMERICA CREDIT CARD TRUST 784,955.96 797,300.95 0.39 12,344.99 1,720.02 ASSET BCKD SEC SER 2024-A1 CL A 99.9944 101.5670 DTD 06/13/2024 4.930% 05/15/2029
NON CALLABLE
MOODY'S RATING AAA
CUSIP 05522RDJ4
1,615,000 BERKSHIRE HATHAWAY FIN 1,614,693.15 1,589,563.75 0.77 25,129.40- 10,937.14 DTD 03/15/2022 2.300% 03/15/2027 99.9810 98.4250
CALLABLE
MOODY'S RATING AA2
CUSIP 084664CZ2
1,050,000 BMW VEHICLE LEASE TRUST 1,049,997.06 1,052,814.00 0.51 2,816.94 694.75 ASSET BCKD SEC SER 2025-2 CL A3 99.9997 100.2680 DTD 10/15/2025 3.970% 09/25/2028
CALLABLE
CUSIP 05594HAD5
685,001.19 BMW VEHICLE OWNER TRUST 684,897.14 691,255.25 0.34 6,358.11 591.38 ASSET BCKD SEC SER 2024-A CL A3 99.9848 100.9130 DTD 06/11/2024 5.180% 02/26/2029
CALLABLE
MOODY'S RATING AAA
CUSIP 096919AD7
1,740,000 CALIFORNIA STATE 1,749,169.80 1,782,978.00 0.87 33,808.20 32,625.00 GENERAL OBLIGATION 100.5270 102.4700 DTD 11/05/2024 4.500% 08/01/2029
NON CALLABLE
MOODY'S RATING AA2
CUSIP 13063EGT7
1,100,000 CARGILL INC 1,099,171.70 1,095,237.00 0.53 3,934.70- 8,570.83 DTD 10/23/2025 4.125% 10/23/2030 99.9247 99.5670
CALLABLE
144A PRIVATE PLACEMENT
MOODY'S RATING A2
CUSIP 141781CF9
PAGE 4
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,000,000 CATERPILLAR FINL SERVICE 998,930.00 1,016,580.00 0.49 17,650.00 6,527.78 MEDIUM TERM NOTE 99.8930 101.6580 DTD 05/14/2024 5.000% 05/14/2027
NON CALLABLE
MOODY'S RATING A2
CUSIP 14913UAL4
1,200,000 CATERPILLAR FINL SVCS 1,198,092.00 1,231,176.00 0.60 33,084.00 7,206.67 DTD 11/15/2024 4.700% 11/15/2029 99.8410 102.5980
NON CALLABLE
MOODY'S RATING A2
CUSIP 14913UAU4
960,000 CHARLES SCHWAB CORP 959,729.90 944,851.20 0.46 14,878.70- 7,709.33 DTD 03/03/2022 2.450% 03/03/2027 99.9719 98.4220
CALLABLE
MOODY'S RATING A2
CUSIP 808513BY0
1,690,000 CHASE ISSUANCE TRUST 1,689,742.61 1,705,142.40 0.83 15,399.79 3,455.11 ASSET BCKD SEC SER 2024-A1I CL A 99.9848 100.8960 DTD 01/31/2024 4.600% 01/16/2029
NON CALLABLE
CUSIP 161571HV9
1,750,000 CHUBB INA HOLDINGS LLC 1,765,746.34 1,788,657.50 0.87 22,911.16 30,741.67 DTD 07/31/2024 4.650% 08/15/2029 100.8998 102.2090
CALLABLE
MOODY'S RATING A2
CUSIP 171239AL0
1,500,000 CITIBANK CREDIT CARD ISSURANCE 1,515,000.00 1,517,415.00 0.74 2,415.00 1,791.67 ASSET BCKD SEC SER 2025-A1 CL A 101.0000 101.1610 DTD 06/26/2025 4.300% 06/21/2030
NON CALLABLE
MOODY'S RATING AAA
CUSIP 17305EHA6
PAGE 5
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,288,000 FED HOME LN MTG CORP 1,228,178.44 1,276,330.72 0.62 48,152.28 3,824.29 SER K089 CL A2 *24 DAY DELAY* 95.3555 99.0940 DTD 03/01/19 3.563 01/25/2029
CUSIP 3137FL6P4
1,971,885.56 FED HOME LN MTG CORP 1,902,407.41 1,919,196.78 0.93 16,789.37 4,900.14 SER K093 CL A2 *24 DAY DELAY* 96.4766 97.3280 DTD 06/01/19 2.982 05/25/2029
CUSIP 3137FMCR1
1,500,000 FED HOME LN MTG CORP 1,407,011.72 1,432,650.00 0.70 25,638.28 3,243.75 SER K099 CL A2 *24 DAY DELAY* 93.8008 95.5100 DTD 10/01/19 2.595 09/25/2029
CUSIP 3137FPJG1
2,800,000 FEDERAL FARM CREDIT BANK 2,789,612.00 2,855,664.00 1.39 66,052.00 16,547.22 DTD 11/15/2023 4.625% 11/15/2027 99.6290 101.9880
NON CALLABLE
MOODY'S RATING AA1
CUSIP 3133EPC60
2,400,000 FEDERAL FARM CREDIT BANK 2,412,552.00 2,439,168.00 1.19 26,616.00 17,416.67 DTD 05/06/2024 4.750% 05/06/2027 100.5230 101.6320
NON CALLABLE
MOODY'S RATING AA1
CUSIP 3133ERDS7
1,875,000 FEDERAL HOME LOAN BANK 1,870,050.00 1,906,556.25 0.93 36,506.25 20,286.46 DTD 04/11/2024 4.750% 04/09/2027 99.7360 101.6830
NON CALLABLE
MOODY'S RATING AA1
CUSIP 3130B0TY5
1,500,000 FEDERAL HOME LOAN MORTGAGE CORP 1,348,652.34 1,357,695.00 0.66 9,042.66 1,846.25 CMO SER 2020-K110 CL A2 89.9102 90.5130 DTD 06/01/2020 1.477% 04/25/2030
NON CALLABLE
CUSIP 3137FTZQ3
PAGE 6
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 2,000,000 FEDERAL HOME LOAN MORTGAGE CORP 1,787,343.75 1,788,920.00 0.87 1,576.25 2,305.00 CMO SER 2020-K115 CL A2 89.3672 89.4460 DTD 09/01/2020 1.383% 06/25/2030
NON CALLABLE
CUSIP 3137FWG79
2,000,000 FEDERAL HOME LOAN MORTGAGE CORP 1,801,718.75 1,910,220.00 0.93 108,501.25 3,766.67 CMO SER K748 CL A2 90.0860 95.5110 DTD 03/01/2022 2.260% 01/25/2029
NON CALLABLE
CUSIP 3137H5YC5
650,000 FHLMC MULTIFAMILY STRUCTURED P 687,451.17 644,429.50 0.31 43,021.67- 1,437.04 SER K058 CL A2 *24 DAY DELAY* 105.7617 99.1430 DTD 11/01/16 2.653 08/25/2026
CUSIP 3137BSP72
1,000,000 FHLMC MULTIFAMILY STRUCTURED P 950,664.06 991,220.00 0.48 40,555.94 2,703.33 SER K068 CL A2 *24 DAY DELAY* 95.0664 99.1220 DTD 10/01/17 3.244 08/25/2027
MOODY'S RATING AAA
CUSIP 3137FBBX3
1,943,312.76 FHLMC MULTIFAMILY STRUCTURED P 1,859,127.85 1,938,182.41 0.94 79,054.56 6,106.86 SER K087 CL A2 *24 DAY DELAY* 95.6680 99.7360 DTD 01/01/19 3.771 12/25/2028
CUSIP 3137FKUP9
2,550,000 FHLMC MULTIFAMILY STRUCTURED P 2,465,830.08 2,536,944.00 1.23 71,113.92 7,841.25 SER K088 CL A2 *24 DAY DELAY* 96.6992 99.4880 DTD 03/01/19 3.690 01/25/2029
MOODY'S RATING AAA
CUSIP 3137FKZZ2
2,500,000 FHLMC MULTIFAMILY STRUCTURED P 2,431,738.28 2,472,075.00 1.20 40,336.72 7,302.08 SER K091 CL A2 *24 DAY DELAY* 97.2695 98.8830 DTD 04/01/19 3.505 03/25/2029
CUSIP 3137FLN91
PAGE 7
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 2,200,000 FHLMC MULTIFAMILY STRUCTURED P 2,039,382.82 2,122,890.00 1.03 83,507.18 5,105.83 SER K095 CL A2 *24 DAY DELAY* 92.6992 96.4950 DTD 08/01/19 2.785 06/25/2029
CUSIP 3137FNAE0
1,600,000 FHLMC MULTIFAMILY STRUCTURED P 1,488,375.00 1,521,088.00 0.74 32,713.00 3,233.33 SER K098 CL A2 *24 DAY DELAY* 93.0235 95.0680 DTD 10/01/19 2.425 08/25/2029
CUSIP 3137FPHK4
2,000,000 FHLMC MULTIFAMILY STRUCTURED P 1,810,078.13 1,859,440.00 0.90 49,361.87 3,448.33 SER K106 CL A2 *24 DAY DELAY* 90.5039 92.9720 DTD 03/01/20 2.069 01/25/2030
CUSIP 3137FRUT6
1,085,959.77 GM FINANCIAL SECURITIZED TERM 1,084,237.70 1,092,584.12 0.53 8,346.42 2,194.54 ASSET BCKD SEC SER 2024-1 CL A3 99.8414 100.6100 DTD 01/17/2024 4.850% 12/18/2028
CALLABLE
MOODY'S RATING AAA
CUSIP 36268GAD7
1,025,000 GOLDMAN SACHS GROUP INC 1,025,000.00 1,024,774.50 0.50 225.50- 8,277.16 DTD 10/21/2025 VAR CPN 10/21/2029 100.0000 99.9780
CALLABLE
MOODY'S RATING A2
CUSIP 38141GD27
1,500,000 GUARDIAN LIFE 1,500,000.00 1,502,760.00 0.73 2,760.00 15,324.79 DTD 10/06/2025 4.327% 10/06/2030 100.0000 100.1840
NON CALLABLE
144A PRIVATE PLACEMENT
MOODY'S RATING AA1
CUSIP 40139LBN2
1,205,000 GUARDIAN LIFE GLOBAL FDG 1,205,000.00 1,204,204.70 0.59 795.30- 13,288.64 MEDIUM TERM NOTE 100.0000 99.9340 DTD 09/26/2024 4.179% 09/26/2029
NON CALLABLE
144A PRIVATE PLACEMENT
MOODY'S RATING AA1
CUSIP 40139LBJ1
PAGE 8
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,663,000 HOME DEPOT INC 1,593,203.89 1,609,152.06 0.78 15,948.17 2,180.38 DTD 06/17/19 2.950 06/15/2029 95.8030 96.7620 MOODY'S RATING A2
CUSIP 437076BY7
1,000,000 HOME DEPOT INC 992,260.00 1,025,240.00 0.50 32,980.00 791.67 DTD 06/25/2024 4.750% 06/25/2029 99.2260 102.5240
CALLABLE
MOODY'S RATING A2
CUSIP 437076DC3
519,127.49 HONDA AUTO RECEIVABLES OWNER 519,064.42 525,403.74 0.26 6,339.32 987.93 ASSET BCKD SEC SER 2024-2 CL A3 99.9879 101.2090 DTD 05/21/2024 5.270% 11/20/2028
CALLABLE
CUSIP 437930AC4
570,497.05 HONDA AUTO RECEIVABLES OWNER 571,909.24 576,721.17 0.28 4,811.93 898.53 ASSET BCKD SEC SER 2023-4 CL A3 100.2476 101.0910 DTD 11/08/2023 5.670% 06/21/2028
NON CALLABLE
MOODY'S RATING AAA
CUSIP 438123AC5
560,116.93 HYUNDAI AUTO LEASE SECURITIZAT 560,101.36 562,973.53 0.27 2,872.17 1,346.77 ASSET BCKD SEC SER 2024-B CL A3 99.9972 100.5100 DTD 05/22/2024 5.410% 05/17/2027
CALLABLE
144A PRIVATE PLACEMENT
CUSIP 44934FAD7
2,460,000 INTER-AMERICAN DEVEL BK 2,448,733.20 2,438,819.40 1.19 9,913.80- 4,245.21 DTD 04/20/21 0.875 04/20/2026 99.5420 99.1390
MOODY'S RATING AAA
CUSIP 4581X0DV7
1,750,000 INTL BANK RECON & DEVELOPMENT 1,721,510.00 1,762,250.00 0.86 40,740.00 14,127.60 DTD 10/16/2024 3.875% 10/16/2029 98.3720 100.7000
NON CALLABLE
MOODY'S RATING AAA
CUSIP 459058LN1
PAGE 9
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,700,000 INTL BK RECON & DEVELOP 1,694,220.00 1,725,296.00 0.84 31,076.00 19,673.96 DTD 03/20/2025 4.125% 03/20/2030 99.6600 101.4880
NON CALLABLE
MOODY'S RATING AAA
CUSIP 459058LR2
1,000,000 JOHN DEERE CAPITAL CORP 1,006,920.00 1,010,530.00 0.49 3,610.00 9,236.11 MEDIUM TERM NOTE 100.6920 101.0530 DTD 07/24/2025 4.375% 10/15/2030
NON CALLABLE
MOODY'S RATING A1
CUSIP 24422EYF0
1,430,000 JOHN DEERE CAPITAL CORPORATION 1,429,571.00 1,454,596.00 0.71 25,025.00 32,139.25 DTD 01/09/2025 4.650% 01/07/2028 99.9700 101.7200
NON CALLABLE
MOODY'S RATING A1
CUSIP 24422EXZ7
73,664.31 JOHN DEERE OWNER TRUST 73,657.27 73,637.05 0.04 20.22- 122.45 ASSET BCKD SEC SER 2022-B CL A3 99.9905 99.9630 DTD 07/20/2022 3.740% 02/16/2027
NON CALLABLE
MOODY'S RATING AAA
CUSIP 47800AAC4
231,161.91 JOHN DEERE OWNER TRUST 231,143.97 231,723.63 0.11 579.66 522.94 ASSET BCKD SEC SER 2022-C CL A3 99.9923 100.2430 DTD 10/19/2022 5.090% 06/15/2027
CALLABLE
MOODY'S RATING AAA
CUSIP 47800BAC2
500,000 JOHN DEERE OWNER TRUST 499,765.63 504,380.00 0.25 4,614.37 1,102.22 ASSET BCKD SEC SER 2024-A CL A3 99.9531 100.8760 DTD 03/19/2024 4.960% 11/15/2028
CALLABLE
MOODY'S RATING AAA
CUSIP 47800RAD5
PAGE 10
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,500,000 JPMORGAN CHASE & CO 1,496,610.00 1,504,860.00 0.73 8,250.00 27,669.75 DTD 07/23/18 07/23/2029 99.7740 100.3240 MOODY'S RATING A1
CUSIP 46647PAV8
1,400,000 MARSH & MCLENNAN COS INC 1,397,340.00 1,428,070.00 0.69 30,730.00 19,168.33 DTD 11/08/2024 4.650% 03/15/2030 99.8100 102.0050
CALLABLE
MOODY'S RATING A3
CUSIP 571748CA8
1,000,000 MASSMUTUAL GLBL FDG II 998,670.00 1,009,390.00 0.49 10,720.00 6,825.00 MEDIUM TERM NOTE 99.8670 100.9390 DTD 05/07/2025 4.550% 05/07/2030
NON CALLABLE
144A PRIVATE PLACEMENT
MOODY'S RATING AA3
CUSIP 57629TBX4
1,000,000 MASSMUTUAL GLOBAL FUNDIN 1,002,230.00 985,430.00 0.48 16,800.00- 5,500.00 144A PRIV PLCMT 1.200 07/16/2026 100.2230 98.5430 MOODY'S RATING AA3
CUSIP 57629WDE7
945,000 MASTERCARD INC 944,083.35 966,489.30 0.47 22,405.95 14,332.50 DTD 03/09/2023 4.875% 03/09/2028 99.9030 102.2740
CALLABLE
MOODY'S RATING AA3
CUSIP 57636QAW4
1,045,000 MERCEDES-BENZ AUTO LEASE TRUST 1,044,828.52 1,045,971.85 0.51 1,143.33 2,099.29 ASSET BCKD SEC SER 2025-B CL A3 99.9836 100.0930 DTD 10/22/2025 4.520% 04/16/2029
CALLABLE
CUSIP 58770XAD5
741,090.55 MERCEDES-BENZ AUTO RECEIVABLES TRUST 756,780.82 751,006.34 0.37 5,774.48- 1,959.77 ASSET BCKD SEC SER 2023-2 CL A3 102.1172 101.3380 DTD 10/25/2023 5.950% 11/15/2028
CALLABLE
CUSIP 58769FAC9
PAGE 11
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,115,000 MET LIFE GLOB FUNDING I 1,113,728.90 1,092,633.10 0.53 21,095.80- 9,872.40 144A PRIV PLCMT 1.875 01/11/2027 99.8860 97.9940 MOODY'S RATING AA3
CUSIP 59217GER6
770,000 MET TOWER GLOBAL FUNDING 769,291.60 756,016.80 0.37 13,274.80- 2,860.76 144A PRIV PLCMT 1.250 09/14/2026 99.9080 98.1840 MOODY'S RATING AA3
CUSIP 58989V2D5
1,500,000 META PLATFORMS INC 1,502,895.00 1,503,165.00 0.73 270.00 10,150.00 DTD 11/03/2025 4.200% 11/15/2030 100.1930 100.2110
CALLABLE
MOODY'S RATING AA3
CUSIP 30303MAB8
912,000 META PLATFORMS INC 910,584.09 922,989.60 0.45 12,405.51 14,814.93 DTD 08/09/2024 4.300% 08/15/2029 99.8448 101.2050
CALLABLE
MOODY'S RATING AA3
CUSIP 30303M8S4
1,950,000 MORGAN STANLEY BANK 1,950,000.00 1,977,183.00 0.96 27,183.00 44,939.70 DTD 07/19/2024 VAR CPN 07/14/2028 100.0000 101.3940
CALLABLE
MOODY'S RATING AA3
CUSIP 61690U8E3
1,470,000 MORGAN STANLEY SR 1,470,184.60 1,469,529.60 0.71 655.00- 11,644.73 MEDIUM TERM NOTE 100.0126 99.9680 DTD 10/22/2025 VAR CPN 10/18/2029
CALLABLE
MOODY'S RATING A1
CUSIP 61748UAK8
1,000,000 NATIONAL RURAL UTILS COOP 1,002,873.61 1,029,180.00 0.50 26,306.39 19,800.00 MEDIUM TERM NOTE 100.2874 102.9180 DTD 02/07/2025 4.950% 02/07/2030
CALLABLE
MOODY'S RATING A2
CUSIP 63743HFX5
PAGE 12
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,000,000 NEW YORK LIFE GLOBAL FDG 994,880.00 1,026,180.00 0.50 31,300.00 3,472.22 MEDIUM TERM NOTE 99.4880 102.6180 DTD 06/06/2024 5.000% 06/06/2029
NON CALLABLE
144A PRIVATE PLACEMENT
MOODY'S RATING AA1
CUSIP 64952WFG3
1,365,000 NEW YORK LIFE GLOBAL FDG 1,364,221.95 1,386,430.50 0.67 22,208.55 4,534.83 DTD 12/05/2024 4.600% 12/05/2029 99.9430 101.5700
NON CALLABLE
144A PRIVATE PLACEMENT
MOODY'S RATING AA1
CUSIP 64952WFK4
1,000,000 NORTHWESTERN MUTUAL GLBL 1,004,040.00 1,014,740.00 0.49 10,700.00 3,577.78 MEDIUM TERM NOTE 100.4040 101.4740 DTD 06/03/2025 4.600% 06/03/2030
NON CALLABLE
144A PRIVATE PLACEMENT
MOODY'S RATING AA1
CUSIP 66815L2W8
1,865,000 PACCAR FINANCIAL CORP 1,863,955.60 1,873,728.20 0.91 9,772.60 11,190.00 MEDIUM TERM NOTE 99.9440 100.4680 DTD 11/07/2025 4.000% 11/07/2028
NON CALLABLE
MOODY'S RATING A1
CUSIP 69371RU20
1,500,000 PEPSICO INC 1,497,675.00 1,529,370.00 0.74 31,695.00 30,750.00 DTD 07/17/2024 4.500% 07/17/2029 99.8450 101.9580
CALLABLE
MOODY'S RATING A1
CUSIP 713448FX1
1,750,000 PRICOA GLOBAL FDG 1,749,440.00 1,754,410.00 0.85 4,970.00 7,612.50 MEDIUM TERM NOTE 99.9680 100.2520 DTD 11/25/2025 4.350% 11/25/2030
NON CALLABLE
144A PRIVATE PLACEMENT
MOODY'S RATING AA3
CUSIP 74153WCZ0
PAGE 13
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,500,000 PROGRESSIVE CORP 1,455,495.00 1,502,640.00 0.73 47,145.00 20,000.00 DTD 10/23/18 4.000 03/01/2029 97.0330 100.1760 MOODY'S RATING A2
CUSIP 743315AV5
1,500,000 PROLOGIS LP 1,481,235.00 1,514,340.00 0.74 33,105.00 27,343.75 DTD 02/01/20 4.375 02/01/2029 98.7490 100.9560 MOODY'S RATING A2
CUSIP 74340XBL4
1,463,000 REALTY INCOME CORP 1,419,212.41 1,455,889.82 0.71 36,677.41 26,984.22 DTD 01/15/2024 4.000% 07/15/2029 97.0070 99.5140
CALLABLE
MOODY'S RATING A3
CUSIP 756109CB8
2,000,000 ROYAL BANK OF CANADA 2,019,920.00 2,052,960.00 1.00 33,040.00 41,250.00 MEDIUM TERM NOTE 100.9960 102.6480
CONVERTIBLE
DTD 01/19/2024 4.950% 02/01/2029
NON CALLABLE
MOODY'S RATING A1
CUSIP 78016HZV5
2,000,000 SIMON PROPERTY GROUP LP 1,853,380.00 1,872,740.00 0.91 19,360.00 24,438.89 DTD 07/09/20 2.650 07/15/2030 92.6690 93.6370 MOODY'S RATING A3
CUSIP 828807DK0
817,404.32 TOYOTA AUTO RECEIVABLES OWNER 814,083.62 822,251.53 0.40 8,167.91 1,874.58 ASSET BCKD SEC SER 2023-C CL A3 99.5938 100.5930 DTD 08/15/2023 5.160% 04/17/2028
CALLABLE
CUSIP 89231FAD2
1,385,000 TOYOTA MOTOR CREDIT CORP 1,384,390.60 1,368,186.10 0.67 16,204.50- 562.66 MED TERM NOTE 99.9560 98.7860 DTD 06/18/21 1.125 06/18/2026
MOODY'S RATING A1
CUSIP 89236TJK2
PAGE 14
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 1,445,000 TOYOTA MOTOR CREDIT CORP 1,441,907.70 1,487,873.15 0.72 45,965.45 34,174.25 MEDIUM TERM NOTE 99.7860 102.9670 DTD 01/09/2025 4.950% 01/09/2030
NON CALLABLE
MOODY'S RATING A1
CUSIP 89236TNA9
3,250,000 UNITED STATES TREASURY NOTES 3,260,312.50 3,238,820.00 1.57 21,492.50- 291.78 DTD 06/30/2022 3.250% 06/30/2027 100.3173 99.6560 MOODY'S RATING AA1
CUSIP 91282CEW7
400,000 UNITED STATES TREASURY NOTES 393,218.75 395,484.00 0.19 2,265.25 4,603.26 DTD 07/31/2022 2.750% 07/31/2027 98.3047 98.8710 MOODY'S RATING AA1
CUSIP 91282CFB2
4,500,000 UNITED STATES TREASURY NOTES 4,468,902.34 4,474,170.00 2.18 5,267.66 47,781.42 DTD 08/31/2022 3.125% 08/31/2027 99.3090 99.4260 MOODY'S RATING AA1
CUSIP 91282CFH9
3,450,000 UNITED STATES TREASURY NOTES 3,421,152.34 3,486,915.00 1.70 65,762.66 36,360.06 DTD 09/30/2022 4.125% 09/30/2027 99.1639 101.0700 MOODY'S RATING AA1
CUSIP 91282CFM8
850,000 UNITED STATES TREASURY NOTES 852,656.25 856,043.50 0.42 3,387.25 2,895.60 DTD 11/30/2022 3.875% 11/30/2027 100.3125 100.7110 MOODY'S RATING AA1
CUSIP 91282CFZ9
2,750,000 UNITED STATES TREASURY NOTES 2,775,107.42 2,770,515.00 1.35 4,592.42- 294.37 DTD 12/31/2022 3.875% 12/31/2027 100.9130 100.7460 MOODY'S RATING AA1
CUSIP 91282CGC9
PAGE 15
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 3,000,000 UNITED STATES TREASURY NOTES 2,957,929.69 3,000,600.00 1.46 42,670.31 43,940.22 DTD 01/31/2023 3.500% 01/31/2028 98.5977 100.0200 MOODY'S RATING AA1
CUSIP 91282CGH8
3,700,000 UNITED STATES TREASURY NOTES 3,699,113.28 3,738,591.00 1.82 39,477.72 50,287.29 DTD 02/28/2023 4.000% 02/29/2028 99.9760 101.0430 MOODY'S RATING AA1
CUSIP 91282CGP0
4,500,000 UNITED STATES TREASURY NOTES 4,496,958.99 4,557,285.00 2.22 60,326.01 61,160.22 DTD 02/28/2023 4.000% 02/28/2030 99.9324 101.2730 MOODY'S RATING AA1
CUSIP 91282CGQ8
5,000,000 UNITED STATES TREASURY NOTES 5,089,062.50 5,063,500.00 2.46 25,562.50- 83,695.65 DTD 07/31/2023 4.000% 07/31/2030 101.7813 101.2700 MOODY'S RATING AA1
CUSIP 91282CHR5
2,500,000 UNITED STATES TREASURY NOTES 2,525,097.66 2,519,600.00 1.23 5,497.66- 5,108.17 DTD 12/15/2023 4.375% 12/15/2026 101.0039 100.7840 MOODY'S RATING AA1
CUSIP 91282CJP7
2,300,000 UNITED STATES TREASURY NOTES 2,249,867.19 2,338,088.00 1.14 88,220.81 24,240.04 DTD 03/31/2024 4.125% 03/31/2029 97.8203 101.6560 MOODY'S RATING AA1
CUSIP 91282CKG5
2,300,000 UNITED STATES TREASURY NOTES 2,283,109.38 2,328,313.00 1.13 45,203.62 22,178.57 DTD 04/15/2024 4.500% 04/15/2027 99.2656 101.2310 MOODY'S RATING AA1
CUSIP 91282CKJ9
3,200,000 UNITED STATES TREASURY NOTES 3,186,500.00 3,242,496.00 1.58 55,996.00 18,696.13 DTD 05/15/2024 4.500% 05/15/2027 99.5781 101.3280 MOODY'S RATING AA1
CUSIP 91282CKR1
PAGE 16
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 2,000,000 UNITED STATES TREASURY NOTES 1,985,546.88 2,042,260.00 0.99 56,713.12 234.81 DTD 06/30/2024 4.250% 06/30/2029 99.2774 102.1130 MOODY'S RATING AA1
CUSIP 91282CKX8
3,500,000 UNITED STATES TREASURY NOTES 3,527,480.47 3,499,440.00 1.70 28,040.47- 43,109.46 DTD 08/31/2024 3.625% 08/31/2029 100.7852 99.9840 MOODY'S RATING AA1
CUSIP 91282CLK5
5,000,000 UNITED STATES TREASURY NOTES 4,925,039.06 4,976,750.00 2.42 51,710.94 44,711.54 DTD 09/30/2024 3.500% 09/30/2029 98.5008 99.5350 MOODY'S RATING AA1
CUSIP 91282CLN9
3,000,000 UNITED STATES TREASURY NOTES 2,993,789.06 3,051,330.00 1.48 57,540.94 21,194.75 DTD 10/31/2024 4.125% 10/31/2029 99.7930 101.7110 MOODY'S RATING AA1
CUSIP 91282CLR0
4,400,000 UNITED STATES TREASURY NOTES 4,369,171.88 4,517,568.00 2.20 148,396.12 531.77 DTD 12/31/2024 4.375% 12/31/2029 99.2994 102.6720 MOODY'S RATING AA1
CUSIP 91282CMD0
4,000,000 UNITED STATES TREASURY NOTES 3,983,906.25 4,088,920.00 1.99 105,013.75 71,141.30 DTD 01/31/2025 4.250% 01/31/2030 99.5977 102.2230 MOODY'S RATING AA1
CUSIP 91282CMG3
5,000,000 UNITED STATES TREASURY NOTES 5,020,507.81 5,037,700.00 2.45 17,192.19 535.22 DTD 06/30/2025 3.875% 06/30/2030 100.4102 100.7540 CUSIP 91282CNK3
5,000,000 UNITED STATES TREASURY NOTES 4,991,425.79 4,982,250.00 2.42 9,175.79- 61,584.95 DTD 08/31/2025 3.625% 08/31/2030 99.8285 99.6450 MOODY'S RATING AA1
CUSIP 91282CNX5
PAGE 17
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 5,000,000 UNITED STATES TREASURY NOTES 4,982,812.50 4,979,500.00 2.42 3,312.50- 50,345.30 DTD 09/15/2025 3.375% 09/15/2028 99.6563 99.5900 CUSIP 91282CNY3
5,000,000 UNITED STATES TREASURY NOTES 5,008,789.06 4,980,650.00 2.42 28,139.06- 46,308.38 DTD 09/30/2025 3.625% 09/30/2030 100.1758 99.6130 MOODY'S RATING AA1
CUSIP 91282CPA3
1,750,000 UNITED STATES TREASURY NOTES 1,731,816.41 1,732,360.00 0.84 543.59 5,384.62 DTD 11/30/2025 3.500% 11/30/2030 98.9610 98.9920 CUSIP 91282CPN5
2,000,000 UNITEDHEALTH GROUP INC 1,906,080.00 1,920,520.00 0.93 14,440.00 21,722.22 DTD 07/25/19 2.875 08/15/2029 95.3040 96.0260 MOODY'S RATING A2
CUSIP 91324PDS8
2,500,000 US TREASURY NOTE 2,456,445.31 2,493,500.00 1.21 37,054.69 3,923.23 DTD 02/01/21 0.375 01/31/2026 98.2578 99.7400 MOODY'S RATING AA1
CUSIP 91282CBH3
2,500,000 US TREASURY NOTE 2,493,652.34 2,477,075.00 1.20 16,577.34- 3,245.19 DTD 04/30/21 0.750 04/30/2026 99.7461 99.0830 MOODY'S RATING AA1
CUSIP 91282CBW0
1,400,000 US TREASURY NOTE 1,379,054.68 1,372,378.00 0.67 6,676.68- 3,147.10 DTD 09/30/21 0.875 09/30/2026 98.5039 98.0270 MOODY'S RATING AA1
CUSIP 91282CCZ2
1,400,000 US TREASURY NOTE 1,391,468.75 1,371,832.00 0.67 19,636.75- 2,697.51 DTD 11/01/21 1.125 10/31/2026 99.3906 97.9880 CUSIP 91282CDG3
PAGE 18
STATEMENT OF ASSETS AND LIABILITIES CITY OF CUPERTI AS OF DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF ASSETS AND LIABILITIES
COST VALUE MARKET VALUE % TOTAL UNREALIZED
PAR VALUE/SHARES DESCRIPTION / UNIT COST / UNIT PRICE MARKET GAIN/LOSS ACCRUED INCOME ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 350,000 WALMART INC 349,338.50 343,738.50 0.17 5,600.00- 1,061.67 DTD 09/17/21 1.050 09/17/2026 99.8110 98.2110 MOODY'S RATING AA2
CUSIP 931142ER0
1,365,000 WELLS FARGO CARD ISSUANCE TRUST 1,364,977.34 1,383,113.55 0.67 18,136.21 2,632.93 ASSET BCKD SEC SER 2025-A1 CL A 99.9984 101.3270 DTD 06/10/2025 4.340% 05/15/2030
NON CALLABLE
CUSIP 92970QAJ4
====================================================================================================================================== TOTAL BOND & NOTES 202,306,410.52 204,445,216.25 99.41 2,138,805.73 1,622,304.59 ====================================================================================================================================== TOTAL INVESTMENTS 203,522,957.50 205,661,763.23 100.00 2,138,805.73 1,629,267.53 TOTAL ACCRUALS 1,629,267.53 1,629,267.53 ====================================================================================================================================== TOTAL ACCRUALS AND INVESTMENTS 205,152,225.03 207,291,030.76
PAGE 19
CASH SUMMARY CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
CASH SUMMARY
DESCRIPTION PRINCIPAL CASH INCOME CASH ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ BEGINNING BALANCE 0.00 0.00
RECEIPTS
NET INTEREST COLLECTED 0.00 696,321.48 TRANSFER RECEIPTS 696,321.48 0.00 SALES 3,629,727.37 0.00 CASH MANAGEMENT SALES 3,841,555.32 0.00 TOTAL CASH RECEIPTS 8,167,604.17 696,321.48
DISBURSEMENTS
INVESTMENT MANAGEMENT EXPENSES 11,982.53- 0.00 TRANSFER DISBURSEMENTS 0.00 696,321.48- PURCHASES 5,268,600.16- 0.00 CASH MANAGEMENT PURCHASES 2,887,021.48- 0.00 TOTAL CASH DISBURSEMENTS 8,167,604.17- 696,321.48- ======================================================================================================================================== ENDING BALANCE 0.00 0.00 ________________________________________________________________________________________________________________________________________
PAGE 20
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ BEGINNING BALANCE 0.00 202,748,545.41 ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
CASH EQUIVALENTS
12/01/25 INTEREST RECEIVED 6,332.94 AS 100% TREAS MM FD-SVC CL #008
INTEREST FROM 11/1/25 THROUGH
11/30/25
12/01/25 INTEREST RECEIVED 85.08
PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 11.01.25 TO 11.30.25
12/31/25 2,886,936.4 CASH SWEEP PURCHASES FOR STMT PERIOD 2,886,936.40- 2,886,936.40 AS 100% TREAS MM FD-SVC CL #008
8 TRANSACTIONS
12/31/25 85.08 CASH SWEEP PURCHASES FOR STMT PERIOD 85.08- 85.08
PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
1 TRANSACTIONS
12/31/25 3,841,555.32- CASH SWEEP SALES FOR STMT PERIOD 3,841,555.32 3,841,555.32- AS 100% TREAS MM FD-SVC CL #008
4 TRANSACTIONS
BONDS & NOTES
12/15/25 INTEREST RECEIVED 5,064.67 AMER EXPR CREDIT ABS 4.280% 4/15/30
CUSIP 02582JKP4
$0.00357/PV ON 1,420,000.00 PV
DUE 12/15/25
12/15/25 INTEREST RECEIVED 3,225.04 BANK OF AMERICA ABS 4.930% 5/15/29
CUSIP 05522RDJ4
$0.00411/PV ON 785,000.00 PV
DUE 12/15/25
PAGE 21
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/15/25 INTEREST RECEIVED 3,527.50 BK OF AMERICA ABS 4.980% 11/15/28
CUSIP 05522RDH8
$0.00415/PV ON 850,000.00 PV
DUE 12/15/25
12/26/25 INTEREST RECEIVED 3,473.75 BMW VEHICLE LEA ABS 3.970% 9/25/28
CUSIP 05594HAD5
$0.00331/PV ON 1,050,000.00 PV
DUE 12/25/25
12/26/25 INTEREST RECEIVED 3,000.08 BMW VEHICLE OWN ABS 5.180% 2/26/29
CUSIP 096919AD7
$0.00432/PV ON 695,000.00 PV
DUE 12/25/25
12/26/25 9,998.81- PAID DOWN 9,998.81 9,997.29- 1.52 BMW VEHICLE OWN ABS 5.180% 2/26/29
CUSIP 096919AD7
12/15/25 INTEREST RECEIVED 6,478.33 CHASE ISSUANCE ABS 4.600% 1/16/29
CUSIP 161571HV9
$0.00383/PV ON 1,690,000.00 PV
DUE 12/15/25
12/22/25 INTEREST RECEIVED 31,354.17 CITIBANK CREDIT ABS 4.300% 6/21/30
CUSIP 17305EHA6
$0.02090/PV ON 1,500,000.00 PV
DUE 12/21/25
12/26/25 INTEREST RECEIVED 3,243.75 FED HOME LN MTG CORP 2.595% 9/25/29
CUSIP 3137FPJG1
$0.00216/PV ON 1,500,000.00 PV
DUE 12/25/25
PAGE 22
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/26/25 INTEREST RECEIVED 4,906.04 FED HOME LN MTG CORP 2.982% 5/25/29
CUSIP 3137FMCR1
$0.00245/PV ON 1,974,261.08 PV
DUE 12/25/25
12/26/25 2,375.52- PAID DOWN 2,375.52 2,291.82- 83.70 FED HOME LN MTG CORP 2.982% 5/25/29
CUSIP 3137FMCR1
TO SETTLE ON 12/26/2025
12/26/25 INTEREST RECEIVED 3,824.29 FED HOME LN MTG CORP 3.563% 1/25/29
CUSIP 3137FL6P4
$0.00297/PV ON 1,288,000.00 PV
DUE 12/25/25
12/26/25 INTEREST RECEIVED 3,448.33 FHLMC MULTIFAMILY ST 2.069% 1/25/30
CUSIP 3137FRUT6
$0.00172/PV ON 2,000,000.00 PV
DUE 12/25/25
12/26/25 INTEREST RECEIVED 3,233.33 FHLMC MULTIFAMILY ST 2.425% 8/25/29
CUSIP 3137FPHK4
$0.00202/PV ON 1,600,000.00 PV
DUE 12/25/25
12/26/25 INTEREST RECEIVED 1,437.04 FHLMC MULTIFAMILY ST 2.653% 8/25/26
CUSIP 3137BSP72
$0.00221/PV ON 650,000.00 PV
DUE 12/25/25
PAGE 23
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/26/25 INTEREST RECEIVED 5,105.83 FHLMC MULTIFAMILY ST 2.785% 6/25/29
CUSIP 3137FNAE0
$0.00232/PV ON 2,200,000.00 PV
DUE 12/25/25
12/26/25 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 12/25/25
12/26/25 INTEREST RECEIVED 7,302.08 FHLMC MULTIFAMILY ST 3.505% 3/25/29
CUSIP 3137FLN91
$0.00292/PV ON 2,500,000.00 PV
DUE 12/25/25
12/26/25 INTEREST RECEIVED 7,841.25 FHLMC MULTIFAMILY ST 3.690% 1/25/29
CUSIP 3137FKZZ2
$0.00308/PV ON 2,550,000.00 PV
DUE 12/25/25
12/02/25 REVERSAL 51,984.42
COST ADJUSTMENT
FHLMC MULTIFAMILY ST 3.771% 12/25/28
CUSIP 3137FKUP9
CU10 LATE ANNOUNCMENT
12/02/25 54,338.38 REVERSAL
SHARE ADJUSTMENT
FHLMC MULTIFAMILY ST 3.771% 12/25/28
CUSIP 3137FKUP9
CU10 LATE ANNOUNCMENT
PAGE 24
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/02/25 REVERSAL 6,403.45-
INTEREST RECEIVED
FHLMC MULTIFAMILY ST 3.771% 12/25/28
CUSIP 3137FKUP9
CU10 LATE ANNOUNCMENT
12/02/25 INTEREST RECEIVED 6,403.45 FHLMC MULTIFAMILY ST 3.771% 12/25/28
CUSIP 3137FKUP9
$0.00320/PV ON 1,945,661.62 PV
DUE 11/25/25
12/26/25 INTEREST RECEIVED 6,114.24 FHLMC MULTIFAMILY ST 3.771% 12/25/28
CUSIP 3137FKUP9
$0.00306/PV ON 1,945,661.62 PV
DUE 12/25/25
12/26/25 2,348.86- PAID DOWN 2,348.86 2,247.11- 101.75 FHLMC MULTIFAMILY ST 3.771% 12/25/28
CUSIP 3137FKUP9
TO SETTLE ON 12/26/2025
12/26/25 INTEREST RECEIVED 1,846.25 FHLMC SER K110 CMO 1.477% 4/25/30
CUSIP 3137FTZQ3
$0.00123/PV ON 1,500,000.00 PV
DUE 12/25/25
12/15/25 2,000,000 PURCHASED 1,787,343.75- 1,787,343.75 FHLMC SER K115 CMO 1.383% 6/25/30
CUSIP 3137FWG79
AT $89.3672 ON TRADE DATE 12/10/2025
TO SETTLE ON 12/15/2025
WACHOVIA CAPITAL MARKETS, LLC.
PAGE 25
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/15/25 ACCRUED INTEREST ON PURCHASE 1,075.67- FHLMC SER K115 CMO 1.383% 6/25/30
CUSIP 3137FWG79
12/26/25 INTEREST RECEIVED 3,766.67 FHLMC SER K748 CMO 2.260% 1/25/29
CUSIP 3137H5YC5
$0.00188/PV ON 2,000,000.00 PV
DUE 12/25/25
12/16/25 INTEREST RECEIVED 18.02 GM FINANCIAL ABS 3.100% 2/16/27
CUSIP 362585AC5
$0.00005/PV ON 6,975.93 PV
DUE 12/16/25
12/16/25 6,975.93- PAID DOWN 6,975.93 6,974.47- 1.46 GM FINANCIAL ABS 3.100% 2/16/27
CUSIP 362585AC5
12/16/25 INTEREST RECEIVED 4,683.67 GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
$0.00358/PV ON 1,158,845.63 PV
DUE 12/16/25
12/16/25 72,885.86- PAID DOWN 72,885.86 72,770.28- 115.58 GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
12/15/25 INTEREST RECEIVED 24,529.25 HOME DEPOT INC 2.950% 6/15/29
CUSIP 437076BY7
INTEREST ON 1,663,000.000 UNITS
PAGE 26
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/26/25 INTEREST RECEIVED 23,750.00 HOME DEPOT INC 4.750% 6/25/29
CUSIP 437076DC3
INTEREST ON 1,000,000.000 UNITS
12/18/25 INTEREST RECEIVED 2,349.54 HONDA AUTO RECE ABS 5.270% 11/20/28
CUSIP 437930AC4
$0.00439/PV ON 535,000.00 PV
DUE 12/18/25
12/18/25 15,872.51- PAID DOWN 15,872.51 15,870.58- 1.93 HONDA AUTO RECE ABS 5.270% 11/20/28
CUSIP 437930AC4
12/22/25 INTEREST RECEIVED 2,888.03 HONDA AUTO RECE ABS 5.670% 6/21/28
CUSIP 438123AC5
$0.00359/PV ON 611,222.38 PV
DUE 12/21/25
12/22/25 40,725.33- PAID DOWN 40,725.33 40,826.14- 100.81- HONDA AUTO RECE ABS 5.670% 6/21/28
CUSIP 438123AC5
TO SETTLE ON 12/22/2025
12/15/25 INTEREST RECEIVED 2,750.08 HYUNDAI AUTO ABS 5.410% 5/17/27
CUSIP 44934FAD7
$0.00451/PV ON 610,000.00 PV
DUE 12/15/25
12/15/25 49,883.07- PAID DOWN 49,883.07 49,881.68- 1.39 HYUNDAI AUTO ABS 5.410% 5/17/27
CUSIP 44934FAD7
PAGE 27
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/15/25 INTEREST RECEIVED 1,083.95 JOHN DEERE OWNE ABS 5.090% 6/15/27
CUSIP 47800BAC2
$0.00103/PV ON 255,548.59 PV
DUE 12/15/25
12/15/25 24,386.68- PAID DOWN 24,386.68 24,384.79- 1.89 JOHN DEERE OWNE ABS 5.090% 6/15/27
CUSIP 47800BAC2
12/15/25 INTEREST RECEIVED 276.25 JOHN DEERE OWNER ABS 3.740% 2/16/27
CUSIP 47800AAC4
$0.00042/PV ON 88,635.55 PV
DUE 12/15/25
12/15/25 14,971.24- PAID DOWN 14,971.24 14,969.81- 1.43 JOHN DEERE OWNER ABS 3.740% 2/16/27
CUSIP 47800AAC4
12/15/25 INTEREST RECEIVED 2,066.67 JOHN DEERE OWNER ABS 4.960% 11/15/28
CUSIP 47800RAD5
$0.00413/PV ON 500,000.00 PV
DUE 12/15/25
12/15/25 INTEREST RECEIVED 3,378.83 MERCEDES-BENZ ABS 4.520% 4/16/29
CUSIP 58770XAD5
$0.00323/PV ON 1,045,000.00 PV
DUE 12/15/25
12/15/25 INTEREST RECEIVED 3,920.02 MERCEDES-BENZ ABS 5.950% 11/15/28
CUSIP 58769FAC9
$0.00356/PV ON 790,592.93 PV
DUE 12/15/25
PAGE 28
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/15/25 49,502.38- PAID DOWN 49,502.38 50,550.44- 1,048.06- MERCEDES-BENZ ABS 5.950% 11/15/28
CUSIP 58769FAC9
12/05/25 INTEREST RECEIVED 31,395.00 NEW YORK LIFE GL FDG 4.600% 12/05/29
CUSIP 64952WFK4
INTEREST ON 1,365,000.000 UNITS
12/08/25 INTEREST RECEIVED 25,000.00 NEW YORK LIFE MTN 5.000% 6/06/29
CUSIP 64952WFG3
INTEREST ON 1,000,000.000 UNITS
12/03/25 INTEREST RECEIVED 23,000.00 NW MUTUAL GLOBAL MTN 4.600% 6/03/30
CUSIP 66815L2W8
INTEREST ON 1,000,000.000 UNITS
12/09/25 1,750,000 PURCHASED 1,749,440.00- 1,749,440.00 PRICOA GLOBAL MTN 4.350% 11/25/30
CUSIP 74153WCZ0
AT $99.9680 ON TRADE DATE 12/08/2025
TO SETTLE ON 12/09/2025
BARCLAYS CAPITAL INC. FIXED IN
12/09/25 ACCRUED INTEREST ON PURCHASE 2,960.42- PRICOA GLOBAL MTN 4.350% 11/25/30
CUSIP 74153WCZ0
12/15/25 INTEREST RECEIVED 3,800.51 TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
$0.00292/PV ON 883,838.90 PV
DUE 12/15/25
PAGE 29
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/15/25 66,434.58- PAID DOWN 66,434.58 66,164.69- 269.89 TOYOTA AUTO REC ABS 5.160% 4/17/28
CUSIP 89231FAD2
12/18/25 INTEREST RECEIVED 7,790.63 TOYOTA MOTOR CREDIT 1.125% 6/18/26
CUSIP 89236TJK2
INTEREST ON 1,385,000.000 UNITS
12/31/25 INTEREST RECEIVED 52,812.50 U.S. TREASURY NOTES 3.250% 6/30/27
CUSIP 91282CEW7
INTEREST ON 3,250,000.000 UNITS
12/16/25 1,750,000 PURCHASED 1,731,816.41- 1,731,816.41 U.S. TREASURY NOTES 3.625% 11/30/30
CUSIP 91282CPN5
AT $98.9609 ON TRADE DATE 12/15/2025
TO SETTLE ON 12/16/2025
CITIGROUP GBL MKTS/SALOMON BRO
12/16/25 ACCRUED INTEREST ON PURCHASE 2,692.31- U.S. TREASURY NOTES 3.625% 11/30/30
CUSIP 91282CPN5
12/31/25 INTEREST RECEIVED 96,875.00 U.S. TREASURY NOTES 3.875% 6/30/30
CUSIP 91282CNK3
INTEREST ON 5,000,000.000 UNITS
12/01/25 INTEREST RECEIVED 16,468.75 U.S. TREASURY NOTES 3.875% 11/30/27
CUSIP 91282CFZ9
INTEREST ON 850,000.000 UNITS
PAGE 30
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/31/25 INTEREST RECEIVED 53,281.25 U.S. TREASURY NOTES 3.875% 12/31/27
CUSIP 91282CGC9
INTEREST ON 2,750,000.000 UNITS
12/31/25 INTEREST RECEIVED 42,500.00 U.S. TREASURY NOTES 4.250% 6/30/29
CUSIP 91282CKX8
INTEREST ON 2,000,000.000 UNITS
12/15/25 INTEREST RECEIVED 54,687.50 U.S. TREASURY NOTES 4.375% 12/15/26
CUSIP 91282CJP7
INTEREST ON 2,500,000.000 UNITS
12/31/25 INTEREST RECEIVED 96,250.00 U.S. TREASURY NOTES 4.375% 12/31/29
CUSIP 91282CMD0
INTEREST ON 4,400,000.000 UNITS
12/16/25 1,035,000- SOLD 1,023,366.60 1,025,051.35- 1,684.75- UNITEDHEALTH GROUP 1.150% 5/15/26
CUSIP 91324PEC2
AT $98.8760 ON TRADE DATE 12/15/2025
TO SETTLE ON 12/16/2025
FTN FINANCIAL SECURITIES CORP
12/16/25 ACCRUED INTEREST ON SALE 1,024.94 UNITEDHEALTH GROUP 1.150% 5/15/26
CUSIP 91324PEC2
12/01/25 INTEREST RECEIVED 4,218.75 US TREASURY NOTE 0.375% 11/30/25
CUSIP 91282CAZ4
INTEREST ON 2,250,000.000 UNITS
PAGE 31
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/01/25 2,250,000- MATURED 2,250,000.00 2,209,658.20- 40,341.80 US TREASURY NOTE 0.375% 11/30/25
CUSIP 91282CAZ4
AT $100.0000 ON TRADE DATE 11/30/2025
TO SETTLE ON 12/01/2025
12/15/25 INTEREST RECEIVED 4,936.75 WELLS FARGO CARD ABS 4.340% 5/15/30
CUSIP 92970QAJ4
$0.00362/PV ON 1,365,000.00 PV
DUE 12/15/25
TRANSFER RECEIPTS
12/01/25 ADDITION TO ACCOUNT 27,105.52
TRANSFER FROM INCOME
12/03/25 ADDITION TO ACCOUNT 23,000.00
TRANSFER FROM INCOME
12/05/25 ADDITION TO ACCOUNT 31,395.00
TRANSFER FROM INCOME
12/08/25 ADDITION TO ACCOUNT 25,000.00
TRANSFER FROM INCOME
12/15/25 ADDITION TO ACCOUNT 115,689.26
TRANSFER FROM INCOME
12/16/25 ADDITION TO ACCOUNT 3,034.32
TRANSFER FROM INCOME
12/18/25 ADDITION TO ACCOUNT 10,140.17
TRANSFER FROM INCOME
PAGE 32
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/22/25 ADDITION TO ACCOUNT 34,242.20
TRANSFER FROM INCOME
12/26/25 ADDITION TO ACCOUNT 84,996.26
TRANSFER FROM INCOME
12/31/25 ADDITION TO ACCOUNT 341,718.75
TRANSFER FROM INCOME
INVESTMENT MANAGEMENT EXPENSES
12/05/25 INVESTMENT MGMT FEE 11,982.53-
PAID TO CHANDLER ASSET MANAGEMENT INC
INV 2511CUPERTIN CUPERTIN CITY OF
CUPERTINO
FOR PERIOD 11/1/2025 - 11/30/2025
TRANSFER DISBURSEMENTS
12/01/25 TRANSFER TO PRINCIPAL 27,105.52- 12/03/25 TRANSFER TO PRINCIPAL 23,000.00- 12/05/25 TRANSFER TO PRINCIPAL 31,395.00- 12/08/25 TRANSFER TO PRINCIPAL 25,000.00- 12/15/25 TRANSFER TO PRINCIPAL 115,689.26- 12/16/25 TRANSFER TO PRINCIPAL 3,034.32- 12/18/25 TRANSFER TO PRINCIPAL 10,140.17- 12/22/25 TRANSFER TO PRINCIPAL 34,242.20-
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 33
STATEMENT OF TRANSACTIONS CITY OF CUPERTI FOR THE PERIOD DECEMBER 1, 2025 THROUGH DECEMBER 31, 2025 ACCOUNT NUMBER ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯
STATEMENT OF TRANSACTIONS
REALIZED
DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 12/26/25 TRANSFER TO PRINCIPAL 84,996.26- 12/31/25 TRANSFER TO PRINCIPAL 341,718.75- ================================================================================================================= ENDING BALANCE 0.00 203,522,957.50 ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯