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professional engineer using accepted methods and FEMA-approved models that the cumulative effect of all existing and projected development will not increase the Base Flood Elevation by more than one foot at any point within the community. Where this standard cannot be met, the applicant shall either:
(1) revise the project to comply with this standard; or (2) obtain a Letter of Map Revision (LOMR) from FEMA establishing a floodway or otherwise demonstrating compliance prior to issuance of a permit. (Ord. No. 1495, § 1(Exh. A), 6-28-94)
Secs. 14-282—14-295. Reserved.
DIVISION 465. APPEALS AND VARIANCES
Sec. 14-296. Nature of variances.
The variance criteria set forth in this section of the article are based on the general principle of zoning law that variances pertain to a piece of property and are not personal in nature. A variance may be granted for a parcel of property with physical characteristics so unusual that complying with the requirements of this article would create an exceptional hardship to the applicant or the surrounding property owners. The characteristics must be unique to the property and not be shared by adjacent parcels. The unique characteristic must pertain to the land itself, not to the structure, its inhabitants, or the property owners. The issuance of a variance is for floodplain management purposes only. Federal flood insurance premium rates are determined by the National Flood Insurance Program according to actuarial risk and will not be modified by the granting of a variance.
It is the duty of the city council to help protect its citizens from floodingpromote public health, safety and welfare and minimize the losses from flooding. This need duty is so compelling and the implications of the cost of insuring a structure built below flood level are so serious that variances from the flood elevation or from other requirements in the flood articlebuilding codes should be are quite rare. The long term goal of preventing and reducing flood loss and damage, and minimizing recovery costs, inconvenience, danger, and suffering, can only be met if variances are strictly limited. Therefore, the variance guidelines provided in this article are more detailed and contain multiple provisions that must be met before a variance can be properly granted. The criteria are designed to screen out those situations in which alternatives other than a variance are more appropriate. (Ord. No. 1495, § 1(Exh. A), 6-28-94)
Sec. 14-297. Limitations on authority.
The city council shall base its determination on technical justifications submitted by applicants, the considerations and conditions set forth in this article, the comments and recommendations of the Floodplain Administrator and Building Official, as applicable, and has the right to attach such conditions to variances as it deems necessary to further the purposes and objectives of these regulations and the building code.
Sec. 14-298. Records.
The Flood Plain Administrator shall maintain a permanent record of all variance actions, including justification for issuance.
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Created: 2025-12-16 05:49:22 [EST]
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Sec. 14-299. Historical structures.
A variance is authorized to be issued for the repair, improvement, or rehabilitation of a historic structure upon a determination that the proposed repair, improvement, or rehabilitation will not preclude the structure’s continued designation as a historic structure, and the variance is the minimum necessary to preserve the historic character and design the structure. When the proposed work precludes the structures continued designation as a historic building, a variance shall not be granted and the structure and any repair, improvement, and rehabilitation shall be subject to the requirements of the building code.
Sec. 14-300. Restrictions in floodway.
A variance shall not be issued for any proposed development in a floodway.
Sec. 14-301. Agricultural structures.
A variance is authorized to be issued for the construction or substantial improvement of agricultural structures that are not elevated or dry floodproofed, provided the requirements of this section are satisfied and:
(a) A determination has been made that the proposed agricultural structure:
(1) Is used exclusively in connection with the production, harvesting, storage, raising, or drying of agricultural commodities and livestock, or storage of tools or equipment used in connection with these purposes or uses, and will be restricted to such exclusive uses. (2) Has low damage potential.
(3) Does not increase risks and pose a danger to public health, safety, and welfare if flooded and contents are released, including but not limited to the effects of flooding on manure storage, livestock confinement operations, liquified natural gas terminals, and production and storage of highly volatile, toxic, or water-reactive materials.
(4) Complies with the wet floodproofing construction requirements of Section 14-301(b) below. (b) Wet floodproofing construction requirements.
(1) Anchored to resist flotation, collapse, and lateral movement. (2) When enclosed by walls, walls have flood openings that comply with the flood opening requirements of ASCE 24, Chapter 2.
(3) Flood damage-resistant materials are used below the base flood elevation. (4) Mechanical, electrical, and utility equipment are elevated above the base flood elevation.
Sec. 14-297302. Appeal boardConsiderations for issuance of Variances. (a) In passing upon requests for variances, the city council shall consider all technical evaluations, all relevant factors, standards specified in other sections of this article, and the:
(1) Danger that materials may be swept onto other lands to the injury of others; (2) Danger of life and property due to flooding or erosion damage; (3) Susceptibility of the proposed facility and its contents to flood damage and the effect of such damage on the existing individual owner and future owners of the property;
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(4) Importance of the services provided by the proposed facility to the community; (5) Necessity to the facility of a waterfront location, where applicable; (6) Availability of alternative locations for the proposed use which are not subject to flooding or erosion damage;
(7) Compatibility of the proposed use with existing and anticipated development; (8) Relationship of the proposed use to the comprehensive plan and floodplain management program for that area;
(9) Safety of access to the property in time of flood for ordinary and emergency vehicles; (10) Expected heights, velocity, duration, rate of rise, and sediment transport of the flood waters expected at the site; and
(11) Costs of providing governmental services during and after flood conditions, including maintenance and repair of public utilities and facilities such as sewer, gas, electrical, and water system, and streets and bridges.
Any applicant to whom a variance is granted shall be given written notice over the signature of a community (b) official that:
(1) The issuance of a variance to construct a structure below the base flood level will result in increased premium rates for flood insurance up to amounts as high as $25.00 for $100.00 of insurance coverage, and
Such construction below the base flood level increases risks to life and property. It is recommended (2) that a copy of the notice shall be recorded by the floodplain administrator in the Office of the Riverside County Recorder and shall be recorded in a manner so that it appears in the chain of title of the affected parcel of land.
(c) The floodplain administrator will maintain a record of all variance actions, including justification for their issuance, and report such variances issued in its biennial report submitted to the Federal Insurance Administration, Federal Emergency Management Agency.
In reviewing applications for variances, all technical evaluation, all relevant factors, all other requirements of these regulations and the building code, as applicable, and the following shall be considered:
(a) The danger that materials and debris may be swept onto other lands resulting in further injury or damage.
(b) The danger to life and property due to flooding or erosion damage. (c) The susceptibility of the proposed development, including contents, to flood damage and the effect of such damage on current and future owners.
(d) The importance of the services provided by the proposed development to the community. (e) The availability of alternate locations for the proposed development that are not subject to flooding or erosion and the necessity of a waterfront location, where applicable. (f) The compatibility of the proposed development with the existing and anticipated development. (g) The relationship of the proposed development to the comprehensive plan and floodplain management program for that area.
(h) The safety of access to the property in times of flood for ordinary and emergency vehicles.
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(i) The expected heights, velocity, duration, rate of rise and debris and sediment transport of the floodwater and the effects of wave action, if applicable, expected at the site.
The costs of providing governmental services during and after flood conditions including maintenance and (j) repair of public utilities and facilities such as sewer, gas, electrical and water systems, streets and bridges.
Sec. 14-298303. Conditions for issuance of variances.
Variances shall only be issued upon:
Generally, variances may be issued for new construction, substantial improvement, and other proposed new (a) development to be erected on a lot of one-half acre or less in size contiguous to and surrounded by lots with existing structures constructed below the base flood level, providing that the procedures of Divisions 2 and 3 of this article have been fully considered. As the lot size increases beyond one-half acre, the technical justification required for issuing the variance increases.
Variances may be issued for the repair or rehabilitation of "historic structures" (as defined in section 14-235 (b) of this article) upon a determination that the proposed repair or rehabilitation will not preclude the structure's continued designation as an historic structure and the variance is the minimum necessary to preserve the historic character and design of the structure.
Variances shall not be issued within any mapped regulatory floodway if any increase in flood levels during (c) the base flood discharge would result.
Variances shall only be issued upon a determination that the variance is the "minimum necessary" (d) considering the flood hazard, to afford relief. "Minimum necessary" means to afford relief with a minimum of deviation from the requirements of this article. For example, in the case of variances to an elevation requirement, this means the city council need not grant permission for the applicant to build at grade, or even to whatever elevation the applicant proposes, but only to that elevation which the city council believes will both provide relief and preserve the integrity of this article.
Variances shall only be issued upon a: (e)
(1) Showing of good and sufficient cause;
(2) Determination that failure to grant the variance would result in exceptional "hardship" (as defined in section 14-235 of this article) to the applicant; and
Determination that the granting of a variance will not result in increased flood heights, additional (3) threats to public safety, or extraordinary public expense, create a nuisance (as defined in section 14- 235, see "Public safety or nuisance"), cause fraud or victimization (as defined in section 14-235) of the public, or conflict with existing local laws or ordinances.
Variances may be issued for new construction, substantial improvement, and other proposed new (f) development necessary for the conduct of a functionally dependent use provided that the provisions of sections 14-298(a) through 14-298(e) are satisfied and that the structure or other development is protected by methods that minimize flood damages during the base flood and does not result in additional threats to public safety and does not create a public nuisance.
Upon consideration of the factors of section 14-297(c) and the purposes of this article, the city council may (g) attach such conditions to the granting of variances as it deems necessary to further the purposes of this article.
(a) Submission by the applicant of a showing of good and sufficient cause that the unique characteristics of the size, configuration or topography of the site limit compliance with any provision of these regulations or renders the elevation standards of the building code inappropriate.
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(b) A determination that the granting of a variance will not result in increased flood heights, additional threats to public safety, extraordinary public expense, nor create nuisances, cause fraud on or victimization of the public or future property owners, or conflict with existing local laws or ordinances. (c) A determination that the variance is the minimum necessary, considering the flood hazard, to afford relief. (d) When the request is to allow construction of the lowest floor of a new building or substantial improvement of a building below the base flood elevation, notification to the applicant in writing over the signature of the Floodplain Administrator specifying the difference between the base flood elevation and the proposed elevation of the lowest floor, stating that issuance of a variance to construct below the elevation required in the building code will result in increased premium rates for federal flood insurance up to amounts as high as $25 for $100 of insurance coverage, and that such construction below the required elevation increases risks to life and property.
(e) When the request is to authorize a functionally dependent use, a variance may be issued only if all other applicable conditions for issuance of variances under this section are met, the proposed development is protected by methods that minimize flood damage to the maximum extent practicable, and the variance will not create additional threats to public safety or constitute a public nuisance. (Ord. No. 1495, § 1(Exh. A), 6-28-94)
Sec. 14-304. Violations.
(a) Any development in any flood hazard area that is being performed without an issued permit or that is in conflict with an issued permit shall be deemed a violation. A building or structure without the documentation of the elevation of the lowest floor, other required design certification, or other evidence of compliance required by these regulation or the building code, is presumed to be a violation until such a time as required documentation is submitted. Violations of the requirements shall constitute a misdemeanor.
(b) The Floodplain Administrator is authorized to serve notices of violation or stop work orders to owners of property involved, to the owner’s agent, or to the person or persons doing the work for development that is not within the scope fo the building codes, but is regulated by these regulations and that is determined to be a violation.
Any person who shall continue any work after having been served with a notice of violation or a stop work order, except such work as that person is directed to perform to remove or remedy a violation or unsafe condition, shall be subject to penalties as prescribed by law. (c) Each day that a violation of this article continues shall constitute a separate offense. (d) The city council is authorized to use any remedies available under the Hemet City Code or applicable law to remedy violations of this article, including but not limited to stop-work orders, administrative citations, civil or criminal enforcement, and nuisance abatement proceedings. (e) The floodplain administrator shall not issue final approvals or certificates of occupancy, temporary or otherwise, for any structure or development until all requirements of this article are satisfied.
Secs. 14-299305—14-310. Reserved.
Commented [A8]: Three new enforcement provisions
added
15.A.
FILER
Rosalia Butler
[email protected]
(951) 765-2348
FILING FOR
The Press-Enterprise
INTERIM AD DRAFT
This is the proof of your ad scheduled to run in The Press-Enterprise on the dates indicated below.
If changes are needed, please contact us prior to deadline at (951) 368-9229.
Notice ID: o3wZd1sZLzHZbVNbuDqu | Proof Updated: Jul. 23, 2026 at 05:23pm PDT Notice Name: PH Notice for Article V Revision
This is not an invoice. Below is an estimated price, and it is subject to change. You will receive an invoice with the final price upon invoice creation by the publisher.
Columns Wide: 4
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Ad Class:Legals
07/30/2026: City Notices 569.44
Subtotal $569.44
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Total $569.44
See Proof on Next Page
PH Notice for Article V Revision - Page 1 of 2
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PH Notice for Article V Revision - Page 2 of 2
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City of Hemet
City Council Meeting
STAFF REPORT
Meeting: City Council Meeting - Aug 11 2026
Department: Finance
Submitted by: Noah Rau, Interim City Manager
Tiffany Barnett, Administrative Services Director;
☒ Receive and File ☐ Consent Calendar ☐ Business Item ☐ Public Hearing
TITLE:
The City of Hemet Warrant Registers for June 18, 2026, and June 25, 2026, and Periodic Payroll Payments
RECOMMENDED ACTION:
It is respectfully recommended that the City Council:
Receive and file the City of Hemet Warrant Registers and Periodic Payroll Payments.
BACKGROUND:
To ensure transparency, warrant registers listing all vendor payments made during a check cycle and periodic payroll payments are presented to the City Council to receive and file.
ANALYSIS:
Warrant Registers:
June 18, 2026, in the amount of $1,674,955.07 (Attachment No.1) June 25, 2026, in the amount of $618,173.67 (Attachment No. 2)
The following check was issued in excess of $500,000 for this reporting period:
June 18, 2026
o Onyx Paving $1,050,410.28 for CIP 2410 - 24/25 Citywide Slurry Seal and CIP 2406 - 24/25 Street Rehabilitation
Periodic Payroll Payments:
June 8, 2026 - June 21, 2026, in the amount of $1,095,083.16
STRATEGIC PLAN INTEGRATION:
16.A.
GOAL THREE: COMMUNITY ENGAGEMENT
To connect and participate in a constant dialogue between members of the community, City staff, and elected officials to promote togetherness and positivity.
Objective 1: Deliver messaging to the Community that connects, is consistent, and relevant.
Objective 2: Increase transparency for the public.
Objective 3: Increase the community's pride within the City.
GOAL FIVE: ORGANIZATIONAL EFFECTIVENESS
To identify the work needed inside the City organization to effectively provide services to the community and ensure financial stability.
Objective 1: Operate in a financially sustainable manner.
Objective 2: Evaluate existing practices to ensure continuity with industry best practices.
Objective 3: Provide Council with policies that are consistent while lessening liabilities.
Objective 4: Increase employee retention by training and creating a positive workplace.
Objective 5: Streamline fire prevention coordination efforts.
FISCAL IMPACT:
All funds dispersed have been appropriated in the City's fiscal year budget.
ATTACHMENT(S):
Attachment No. 1 - 061826 CHECK RUN REPORT
Attachment No. 2 - 062526 CHECK RUN REPORT
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: ! & L 9 4 5 ; A . 7 P A . ? ? . 3 > 4 2 6 , 3 . 7 8 > 3 8 ; . 3 ? 4 3 7 / 4 ' , , ? 1 % D 1 # 9 9 9 1 % B 2 , A A 5 6 ? / 2 6 G ? ? 2 ; > , ? 6 C ; ; E 6 6 8 4 % 9 1 D # $ $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % 1 : D # & $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % $ $ D : ! $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % 9 D % :
$ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 L : D % L $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 $ % D L L $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % ! D # 9 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 9 D 9 ! $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 1 % D 1 ! $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 ! 9 : D ! & $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % G 1 9 : D ! 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % ! D $ ! $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % ! D # 9 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 # $ D & $ $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % ! D 1 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % L G % % ! D ! :
$ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 L $ D L # $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 9 1 D : 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 1 # D ! & $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % # % D : 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % 1 % D 1 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % L D 1 :
$ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 $ : D 9 & $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % & D : 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % & D $ & $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 1 $ D 9 9 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 1 1 D # $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 # D 1 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 & $ D & $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 % $ D 9 % $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 : L D $ % $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . H 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 E . ? ? 4 L ! D L &
16.A.
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$ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 # % C : 9 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 % & C & B $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 & & C % # $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 : & C B 9 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 B & C # :
$ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 # ! C & 9 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 # & C B # $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 $ B C ! $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 % : C ! 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 % % # C & & $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 B : C 9 :
$ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 & 9 C $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 # : C ! 1 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 $ & : C # % $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 % & C ! # $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 % : % C 1 ! $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 % 9 C $ $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 : ! C 9 $ 9 % & $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 ; / . 4 6 7 ; ? ; 2 8 . 2 A . ? ? 4 % D : : & C ! 1 $ 9 % $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 E 3 4 2 6 7 3 8 ' 3 ? E 3 4 & # 9 C :
$ 9 % $ 4 6 ' 8 5 ; 7 2 3 ? . @ 6 7 . 3 E 3 4 2 6 E 3 4 A . ? ? 4 : % C # ! B 4 8 3 7 / 3 / . 7 4 ' 3 7 2 ; 2 6 = 6 ? ' 7 8 3 F 3 / G / . 7 4 , 3 F > ; $ D $ & & C ! ! : 1 : 4 8 3 7 / 3 / . 7 4 ' 3 7 2 ; 2 6 H ? 8 / I ? 6 7 E 8 ; > / . 4 3 A . ? . 8 F , 3 F % ! D & # C : ! : ! ! $ & 4 8 3 , ? ; 4 3 / = 3 7 8 3 E ; , J 6 @ @ . 2 ; 4 ' , , ? . ; 4 # # 9 C B $ : ! ! $ & 4 8 3 , ? ; 4 3 / = 3 7 8 3 E ; 6 K K L M 4 * N L ( K , * O N L 9 1 C # B
16.A.
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16.A.
City of Hemet
City Council Meeting
STAFF REPORT
Meeting: City Council Meeting - Aug 11 2026
Department: Finance
Submitted by: Noah Rau, Interim City Manager
Tiffany Barnett, Administrative Services Director;
☒ Receive and File ☐ Consent Calendar ☐ Business Item ☐ Public Hearing
TITLE:
Investment Report for June 2026
RECOMMENDED ACTION:
It is respectfully recommended that the City Council take the following actions:
Receive and file the Investment Report for June 2026.
EXECUTIVE SUMMARY:
The Monthly Treasurer's Investment Report provides a summary of the City's investment portfolio and cash management activities for the reporting period. The report is presented in accordance with California Government Code Sections 53600 et seq. and the City's adopted Investment Policy, which emphasize the primary objectives of preserving principal, maintaining sufficient liquidity to meet the City's operational cash flow needs, and maximizing investment earnings within acceptable levels of risk.
DISCUSSION:
During the reporting period, the City's investment portfolio remained in compliance with the City's Investment Policy and all applicable provisions of the California Government Code. Investments continued to be diversified among authorized investment types, with adequate liquidity maintained to support current and anticipated expenditures. The portfolio's performance reflects prevailing market conditions and interest rate trends while prioritizing the safety of public funds.
This report is provided for informational purposes and demonstrates the City's continued commitment to prudent fiscal stewardship, transparency, and responsible management of public resources.
PREVIOUS COUNCIL ACTION:
16.B.
Receive and File of prior monthly reports.
STRATEGIC PLAN INTEGRATION:
GOAL THREE: COMMUNITY ENGAGEMENT
To connect and participate in a constant dialogue between members of the community, City staff, and elected officials to promote togetherness and positivity.
Objective 1: Deliver messaging to the Community that connects, is consistent, and relevant.
Objective 2: Increase transparency for the public.
Objective 3: Increase the community's pride within the City.
GOAL FIVE: ORGANIZATIONAL EFFECTIVENESS
To identify the work needed inside the City organization to effectively provide services to the community and ensure financial stability.
Objective 1: Operate in a financially sustainable manner.
Objective 2: Evaluate existing practices to ensure continuity with industry best practices.
Objective 3: Provide Council with policies that are consistent while lessening liabilities.
Objective 4: Increase employee retention by training and creating a positive workplace.
Objective 5: Streamline fire prevention coordination efforts.
FISCAL IMPACT:
There is no fiscal impact associated with this report.
ATTACHMENT(S):
Treasurer Report FY2526-12 June
City of Hemet AA Chart Summary Statement for June 2026
16.B.
CITY OF HEMET, CALIFORNIA
SUMMARY OF INVESTMENT ACTIVITIES FOR THE MONTH ENDING JUNE 30, 2026 INVESTMENTS 06/01/2026 Monthly Activity 06/30/2026 Int JUNE Accrued Income³ & Year-To-Date Investment Classification Opening Balance Deposits Withdrawals Closing Balance Rate² Interest EarningsRealized Gain/LossInterest Earnings BANK OF NEW YORK 1-3 YR DURATION
Cash Balance (Interest Payments in Transit to WF) - 31,281.25 - 31,281.25 - - - - Cash Reserve 152,477.43 9,000,000.00 - 9,152,477.43- 6.51 - 395.24 Government Agencies - US GOV 51,476,303.14 - - 51,476,303.143.93% 286,625.02 - 2,365,833.16 Government Agencies - GSE - - - -- - - - Municipal Bonds - - - -- - - - Corporate Notes 3,221,976.70 - - 3,221,976.70- 4.24% - 91,006.25 Certificates of Deposit - - - -- - - - TOTAL BANK OF NEW YORK 1-3 YR 54,850,757.27 9,031,281.25 - 63,882,038.523.39% 286,631.53 - 2,457,234.65 BANK OF NEW YORK 1-5 YR DURATION
Cash Balance (Interest Payments in Transit to WF) - 69,887.50 - 69,887.50 - - - - Cash Reserve 108,557.89 6,000,004.65 - 6,108,562.544.65 - - 703.61 Government Agencies - US GOV 31,328,110.55 - - 31,328,110.553.88% 130,950.00 - 1,073,783.68 594,384.00 Government Agencies - GSE - - 594,384.003.12% - - 8,760.00 1,019,370.00 Municipal Bonds - - 1,019,370.002.86% - - 28,630.00 1,171,487.22 Corporate Notes - - 1,171,487.223.75% - - 47,227.64 250,000.00 Certificates of Deposit - - 250,000.000.00% - - - TOTAL BANK OF NEW YORK 1-5 YR 34,471,909.66 6,069,892.15 - 40,541,801.813.26% 130,954.65 - 1,159,104.93
LOCAL GOVERNMENT INVESTMENT POOLS
California CLASS 32,617,573.06 86,965.17 (7,500,000.00) 25,204,538.233.70% 86,965.17 - 1,252,279.49 CalTRUST Liquidity Fund 32,531,870.67 85,581.58 (7,500,000.00) 25,117,452.253.77% 85,581.58 - 1,260,095.40 Local Agency Investment Fund (LAIF) ¹ 301,674.76 2,944.88 - 304,619.64 3.82% (7,888.26) - 180,673.37 65,451,118.49 TOTAL LGIP 175,491.63 (15,000,000.00) 50,626,610.12 - 164,658.49 - 2,693,048.26 WELLS FARGO MONEY MARKET ACCOUNT 13,752,797.83 7,603,423.30 - 21,356,221.133.58% 45,124.11 - 425,303.41 Return of Seized Assets - - - - - - - - TOTAL INVESTMENTS 168,526,583.25 22,880,088.33 (15,000,000.00) 176,406,671.58 627,368.78 - 6,734,691.25 ¹ Total LAIF balance is $1,517,418.87 ($304,619.64 + $1,000,000.00 + $212,799.23) ² The interest rate shown for BNY investments is the Book Yield, which is used for income purposes. Market yields can be found on the PTA statements. ³ Accrued income is income earned but not received yet. It is typically recorded on Jun 30th each year and then reversed on Jul 1st.
16.B.
MISCELLANEOUS ITEMS 06/01/2026 Monthly Activity 06/30/2026 Description Opening Balance Deposits Withdrawals Closing Balance
LASALLE ENDOWMENT
LAIF - Principal ¹ 1,000,000.00 - - 1,000,000.00 LAIF - Accrued Interest ¹ 201,074.60 11,724.63 - 212,799.23
RESTRICTED CASH WITH FISCAL AGENT
Bond Funds - US Bank - Heartland 2006 821,146.77 420,866.80 - 1,242,013.57
37.24 Bond Funds - US Bank - Former RDA 2014 0.10 - 37.34 Section 115 Trust - PARS OPEB 4,433,876.96 (4,694.58) (2,061.96) 4,427,120.42 Section 115 Trust - PARS Pension 2,628,356.34 (2,782.90) (1,222.30) 2,624,351.14 TOTAL MISC ITEMS 9,084,491.91 425,114.05 (3,284.26) 9,506,321.70 ¹ Total LAIF balance is $1,517,418.87 ($304,619.64 + $1,000,000.00 + $212,799.23)
16.B.
Investment Review
City of Hemet Aggregate
06/01/2026 to 06/30/2026
16.B.
2 EXECUTIVE SUMMARY
Portfolio Overview ��������������������������������������������������������������������������������������������3 Maturity Distribution ������������������������������������������������������������������������������������������4 Rating Distribution ��������������������������������������������������������������������������������������������7 Security Distribution – Market Value �����������������������������������������������������������������8 Security Distribution – Historical Cost ��������������������������������������������������������������9
SUPPORTING REPORTS
Portfolio Holdings �������������������������������������������������������������������������������������������10 Transactions ��������������������������������������������������������������������������������������������������20 Income ������������������������������������������������������������������������������������������������������������21 GASB 40�������������������������������������������������������������������������������������������������������� 26 Portfolio Activity Summary �����������������������������������������������������������������������������33 Table of Contents
Tom Tight | Managing Director
tom�tight@ptma�com
John Grady | Managing Director
john�grady@ptma�com
RELATIONSHIP MANAGERS
Mark Creger | Director, Portfolio
Manager
mark�creger@ptma�com
Manuel N. San Luis | Vice President,
Portfolio Manager
manuel�sanluis@ptma�com
PORTFOLIO MANAGER
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
3 PORTFOLIO CHARACTERISTICS PORTFOLIO SUMMARY
INCOME SUMMARY
05/31/26 06/30/26
Duration 1�968 1�892
Years to Effective Maturity 2�087 1�721
Years to Final Maturity 2�088 1�721
Coupon Rate 3�507 3�008
Book Yield 3�887 3�338
Market Yield 3�987 4�147
Benchmark Yield -- --
Summary 05/31/26 06/30/26
Historical Cost $89,322,666�93 $104,423,840�33
Book Value 89,931,068�07 105,059,831�43
Accrued Interest 683,998�52 686,419�06
Net Pending Transactions 160,156�26 0�00
Book Value Plus Accrued $90,775,222.85 $105,746,250.49
Net Unrealized Gain/Loss (255,843�38) (481,371�16)
Market Value Plus Accrued $90,519,379.47 $105,264,879.34 Period Income Income
Interest Income $259,850�46
Net Amortization/Accretion Income 27,589�96
Net Income $287,440.42
ASSET ALLOCATION
Detail may not add to total due to rounding�
Portfolio Overview
EXECUTIVE SUMMARY
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
4 Portfolio Overview
MATURITY DISTRIBUTION BY SECURITY TYPE
TOP TEN HOLDINGS MATURITY DISTRIBUTION BY TYPE
Issuer Value
United States 79�36%
(X9USDBMCR) BNY MELLON CASH
RESERVE USD
8�69%
(MMF2DDA1) BNY MELLON CASH
RESERVE USD
5�80%
Deere & Company 1�47%
Maryland Department of Housing and
Community Development
0�96%
Eli Lilly and Company 0�71%
Caterpillar Inc� 0�67%
Toyota Motor Corporation 0�67%
Apple Inc� 0�67%
Farm Credit System 0�57%
Maturity Distribution
Security
Distribution
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total CASH $101,168�75 -- -- -- -- -- -- -- -- $101,168.75
CORP 701,477�97 2,292,201�05 1,415,461�61 350,292�56 4,759,433.19
FED INST
(GSE)
598,448�11 598,448.11
MMFUND 15,261,039�97 15,261,039.97
MUNI 1,007,447�54 1,007,447.54
US GOV 811,384�51 8,524,963�40 34,622,899�74 26,150,710�35 7,964,677�80 5,462,705�98 83,537,341.78 TOTAL $17,071,134.22 -- $3,103,585.56 $8,524,963.40 $36,636,809.46 $26,150,710.35 $8,314,970.36 $5,462,705.98 -- $105,264,879.34
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
5 Portfolio Overview
WAL DISTRIBUTION BY SECURITY TYPE
TOP TEN HOLDINGS WAL DISTRIBUTION BY TYPE
Issuer Value
United States 79�36%
(X9USDBMCR) BNY MELLON CASH
RESERVE USD
8�69%
(MMF2DDA1) BNY MELLON CASH
RESERVE USD
5�80%
Deere & Company 1�47%
Maryland Department of Housing and
Community Development
0�96%
Eli Lilly and Company 0�71%
Caterpillar Inc� 0�67%
Toyota Motor Corporation 0�67%
Security
Distribution
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total
FED INST
(GSE)
-- -- -- -- $598,448�11 -- -- -- -- $598,448.11
TOTAL -- -- -- -- $598,448.11 -- -- -- -- $598,448.11
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
6 Portfolio Overview
WAL DISTRIBUTION BY SECURITY TYPE
TOP TEN HOLDINGS WAL DISTRIBUTION BY TYPE
Issuer Value
Apple Inc� 0�67%
Farm Credit System 0�57%
Security
Distribution
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total
FED INST
(GSE)
-- -- -- -- $598,448�11 -- -- -- -- $598,448.11
TOTAL -- -- -- -- $598,448.11 -- -- -- -- $598,448.11
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
7 S&P RATING DISTRIBUTION MOODY’S RATING DISTRIBUTION
ALLOCATION BY STANDARD AND POOR’S RATING ALLOCATION BY MOODY’S RATING Portfolio Overview
S&P Rating Distribution Jun 30, 2026
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
A-1+ $0�00 0�00%
A-1
A-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
AAA $101,168�75 0�10%
AA $85,586,825�67 81�31%
A $3,308,397�41 3�14%
Below A
Not Rated $16,268,487�51 15�45%
Total Long Term Ratings $105,264,879.34 100.00%
Portfolio Total $105,264,879.34 100.00%
Moody's Rating Distribution Jun 30, 2026
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
P-1 $0�00 0�00%
P-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
Aaa $802,646�72 0�76%
Aa $85,892,795�24 81�60%
A $3,308,397�41 3�14%
Below A
Not Rated $15,261,039�97 14�50%
Total Long Term Ratings $105,264,879.34 100.00%
Portfolio Total $105,264,879.34 100.00%
Rating Distribution
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
8 MARKET VALUE BASIS SECURITY DISTRIBUTION
ASSET BALANCE BY SECURITY TYPE
Portfolio Overview
Security Distribution May 31, 2026
Ending Balance
May 31, 2026
Portfolio Allocation
Jun 30, 2026
Ending Balance
Jun 30, 2026
Portfolio Allocation
Change in
Allocation
Book Yield
Cash $160,156�26 0�18% $101,168�75 0�10% (0�08%) 0�00% U�S� Treasury Notes $83,742,831�27 92�51% $83,537,341�78 79�36% (13�15%) 3�91% Federal Instrumentality (GSE) 597,996�11 0�66% 598,448�11 0�57% (0�09%) 3�12% Money Market Funds $261,035�32 0�29% $15,261,039�97 14�50% 14�21% 0�00% Corporate Notes 4,752,615�28 5�25% 4,759,433�19 4�52% (0�73%) 4�09% Municipal Bonds 1,004,745�24 1�11% 1,007,447�54 0�96% (0�15%) 2�86% Portfolio Total $90,519,379.47 100.00% $105,264,879.34 100.00% 3.34% Security Distribution – Market Value
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
9 ASSET BALANCE BY SECURITY TYPE
Portfolio Overview
Security Distribution May 31, 2026
Ending Balance
May 31, 2026
Portfolio Allocation
Jun 30, 2026
Ending Balance
Jun 30, 2026
Portfolio Allocation
Change in
Allocation
Book Yield
Cash $160,156�26 0�18% $101,168�75 0�10% (0�08%) 0�00% U�S� Treasury Notes $82,804,413�69 92�54% $82,804,413�69 79�30% (13�24%) 3�91% Federal Instrumentality (GSE) 594,384�00 0�66% 594,384�00 0�57% (0�10%) 3�12% Money Market Funds $261,035�32 0�29% $15,261,039�97 14�61% 14�32% 0�00% Corporate Notes 4,643,463�92 5�19% 4,643,463�92 4�45% (0�74%) 4�09% Municipal Bonds 1,019,370�00 1�14% 1,019,370�00 0�98% (0�16%) 2�86% Portfolio Total $89,482,823.19 100.00% $104,423,840.33 100.00% 3.34%
HISTORIC COST BASIS SECURITY DISTRIBUTION
Security Distribution – Historical Cost
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
10 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
CASH
Cash
CCYUSD
0�00%
06/30/26
06/30/26
0�00
--
--
101,168�75 $101,168�75
$101,168�75
$101,168�75
1�00
$101,168�75
$0�00
$0�00 0�10% N
--
0�00%
0�00%
0�00%
AAA
Aaa
CASH TOTAL 06/30/26
06/30/26
0.00 --
--
101,168.75 $101,168.75
$101,168.75
$101,168.75
1.00 $101,168.75
$0.00
$0.00 0.10% N
--
0.00%
0.00%
0.00%
AAA
Aaa
MMFUND
BNY MELLON CASH
RESERVE USD
X9USDBMCR
0�00%
06/30/26
06/30/26
--
--
9,152,477�43 $9,152,477�43
$9,152,477�43
$9,152,477�43
1�00
$9,152,477�43
$0�00
$0�00 8�69% N
--
0�00%
--
--
NA
NA
BNY MELLON CASH
RESERVE USD
MMF2DDA1
0�00%
06/30/26
06/30/26
--
--
6,108,562�54 6,108,562�54
6,108,562�54
6,108,562�54
1�00
6,108,562�54
0�00
0�00 5�80% N
--
0�00%
--
--
NA
NA
MMFUND TOTAL 06/30/26
06/30/26
--
--
15,261,039.97 $15,261,039.97
$15,261,039.97
$15,261,039.97
1.00 $15,261,039.97
$0.00
$0.00 14.50% N
--
0.00%
--
--
NA
NA
US GOV
UNITED STATES
TREASURY
91282CKE0
4�25%
03/15/27
03/15/27
0�69
05/08/24
05/09/24
800,000�00 $791,156�25
$797,814�57
$801,406�25
100�18
$811,384�51
$9,978�26
$3,591�68 0�77% N
--
4�67%
3�99%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKJ9
4�50%
04/15/27
04/15/27
0�77
05/08/24
05/09/24
1,600,000�00 1,593,125�00
1,598,151�26
1,605,968�75
100�37
1,621,116�29
15,147�54
7,817�49 1�54% N
--
4�66%
4�01%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CEN7
2�75%
04/30/27
04/30/27
0�81
--
--
3,075,000�00 2,971,856�44
3,048,156�27
3,042,268�07
98�94
3,056,515�01
14,246�94
(5,888�20) 2�90% N
--
3�88%
4�06%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
11 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CKV2
4�63%
06/15/27
06/15/27
0�93
07/25/24
07/26/24
1,925,000�00 1,943,949�22
1,931,274�46
1,934,324�22
100�48
1,938,216�30
3,892�08
3,049�76 1�84% N
--
4�26%
4�10%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CEW7
3�25%
06/30/27
06/30/27
0�97
07/25/24
07/26/24
1,925,000�00 1,872,363�28
1,907,076�93
1,908,945�80
99�17
1,909,115�81
170�01
1,868�87 1�81% N
--
4�25%
4�11%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKZ3
4�38%
07/15/27
07/15/27
0�99
--
--
2,810,000�00 2,837,622�08
2,819,999�92
2,817,189�65
100�26
2,873,903�91
56,714�26
(2,810�27) 2�73% N
--
4�01%
4�12%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNP2
3�88%
07/31/27
07/31/27
1�04
10/02/25
10/03/25
1,500,000�00 1,508,085�94
1,504,795�72
1,495,869�14
99�72
1,520,114�65
24,245�51
(8,926�57) 1�44% N
--
3�57%
4�13%
--
AA+
Aa1
UNITED STATES
TREASURY
9128282R0
2�25%
08/15/27
08/15/27
1�09
09/20/22
09/21/22
575,000�00 536,367�19
566,146�20
563,151�86
97�94
568,012�35
4,860�50
(2,994�34) 0�54% N
--
3�76%
4�14%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CFH9
3�13%
08/31/27
08/31/27
1�12
09/10/24
09/11/24
1,850,000�00 1,832,800�78
1,843,240�90
1,829,079�10
98�87
1,848,402�30
19,323�20
(14,161�80) 1�76% N
--
3�46%
4�12%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CLX7
4�13%
11/15/27
11/15/27
1�32
--
--
3,525,000�00 3,529,197�27
3,527,580�99
3,523,141�11
99�95
3,541,712�02
18,570�91
(4,439�88) 3�36% N
--
4�07%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
9128283F5
2�25%
11/15/27
11/15/27
1�33
02/18/25
02/19/25
1,875,000�00 1,776,782�22
1,825,645�32
1,827,758�79
97�48
1,833,146�87
5,388�08
2,113�47 1�74% N
--
4�30%
4�15%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CFZ9
3�88%
11/30/27
11/30/27
1�36
07/11/25
07/11/25
1,225,000�00 1,224,904�30
1,224,943�26
1,220,286�62
99�62
1,224,307�20
4,020�58
(4,656�64) 1�16% N
--
3�88%
4�16%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
12 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CMB4
4�00%
12/15/27
12/15/27
1�40
12/17/24
12/18/24
2,125,000�00 2,112,133�79
2,118,731�85
2,120,185�55
99�77
2,123,901�39
3,715�85
1,453�70 2�02% N
--
4�22%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CGC9
3�88%
12/31/27
12/31/27
1�44
04/14/23
04/18/23
1,350,000�00 1,362,814�45
1,354,087�50
1,344,410�16
99�59
1,344,552�31
142�15
(9,677�34) 1�28% N
--
3�65%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CBB6
0�63%
12/31/27
12/31/27
1�46
05/25/23
05/30/23
800,000�00 689,218�75
763,777�97
759,312�50
94�91
759,326�09
13�59
(4,465�47) 0�72% N
--
3�96%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CMF5
4�25%
01/15/28
01/15/28
1�45
02/18/25
02/19/25
1,875,000�00 1,872,070�31
1,873,443�95
1,877,124�02
100�11
1,913,885�94
36,761�91
3,680�08 1�82% N
--
4�31%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CBJ9
0�75%
01/31/28
01/31/28
1�54
04/14/23
04/18/23
1,160,000�00 1,013,731�25
1,111,578�27
1,099,711�72
94�80
1,103,340�72
3,629�01
(11,866�55) 1�05% N
--
3�64%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CGH8
3�50%
01/31/28
01/31/28
1�50
04/14/23
04/18/23
1,350,000�00 1,341,826�17
1,347,294�08
1,336,157�23
98�97
1,355,866�48
19,709�25
(11,136�86) 1�29% N
--
3�64%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CGP0
4�00%
02/29/28
02/29/28
1�58
04/15/25
04/16/25
1,420,000�00 1,426,378�91
1,423,697�21
1,416,339�06
99�74
1,435,323�85
18,984�78
(7,358�15) 1�36% N
--
3�83%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CMS7
3�88%
03/15/28
03/15/28
1�62
04/15/25
04/16/25
1,420,000�00 1,422,662�50
1,421,558�96
1,413,316�02
99�53
1,429,464�66
16,148�64
(8,242�95) 1�36% N
--
3�81%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CGT2
3�63%
03/31/28
03/31/28
1�66
04/15/25
04/16/25
1,420,000�00 1,412,511�72
1,415,569�43
1,407,075�78
99�09
1,420,014�85
12,939�07
(8,493�65) 1�35% N
--
3�81%
4�17%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
13 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CMW8
3�75%
04/15/28
04/15/28
1�70
05/13/25
05/14/25
2,050,000�00 2,035,185�54
2,040,919�72
2,035,465�82
99�29
2,051,638�98
16,173�16
(5,453�90) 1�95% N
--
4�01%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CHA2
3�50%
04/30/28
04/30/28
1�75
--
--
2,100,000�00 2,084,085�94
2,089,430�85
2,075,513�67
98�83
2,087,896�82
12,383�15
(13,917�17) 1�98% N
--
3�79%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
9128284N7
2�88%
05/15/28
05/15/28
1�79
05/25/23
05/30/23
365,000�00 347,976�17
358,573�79
356,602�15
97�70
357,942�38
1,340�23
(1,971�64) 0�34% N
--
3�92%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CHE4
3�63%
05/31/28
05/31/28
1�83
07/11/25
07/11/25
1,925,000�00 1,911,840�82
1,916,268�79
1,906,201�17
99�02
1,912,111�61
5,910�43
(10,067�62) 1�82% N
--
3�88%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNH0
3�88%
06/15/28
06/15/28
1�86
07/11/25
07/11/25
1,925,000�00 1,925,676�76
1,925,452�23
1,914,773�44
99�47
1,918,034�37
3,260�93
(10,678�79) 1�82% N
--
3�86%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNM9
3�88%
07/15/28
07/15/28
1�91
08/07/25
08/08/25
1,900,000�00 1,909,574�22
1,906,653�73
1,889,312�50
99�44
1,923,277�62
33,965�12
(17,341�23) 1�83% N
--
3�69%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CCR0
1�00%
07/31/28
07/31/28
2�02
12/20/23
12/21/23
1,215,000�00 1,066,399�80
1,147,847�53
1,139,252�34
93�77
1,144,320�44
5,068�09
(8,595�19) 1�09% N
--
3�93%
4�15%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CHQ7
4�13%
07/31/28
07/31/28
1�95
05/08/24
05/09/24
425,000�00 418,077�15
421,587�90
424,717�77
99�93
432,030�53
7,312�76
3,129�88 0�41% N
--
4�55%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNU1
3�63%
08/15/28
08/15/28
2�00
09/04/25
09/05/25
2,900,000�00 2,905,664�06
2,904,088�66
2,868,507�81
98�91
2,908,002�29
39,494�48
(35,580�85) 2�76% N
--
3�55%
4�16%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
14 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CHX2
4�38%
08/31/28
08/31/28
2�02
12/20/23
12/21/23
1,000,000�00 1,020,156�25
1,009,308�31
1,004,335�94
100�43
1,018,958�90
14,622�96
(4,972�37) 0�97% N
--
3�90%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNY3
3�38%
09/15/28
09/15/28
2�08
10/02/25
10/03/25
600,000�00 597,070�31
597,806�81
590,109�38
98�35
596,052�31
5,942�93
(7,697�43) 0�57% N
--
3�55%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CCY5
1�25%
09/30/28
09/30/28
2�17
12/20/23
12/21/23
1,200,000�00 1,061,531�25
1,134,772�89
1,125,609�38
93�80
1,129,379�87
3,770�49
(9,163�51) 1�07% N
--
3�92%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CJF9
4�88%
10/31/28
10/31/28
2�17
12/20/23
12/21/23
1,000,000�00 1,042,851�56
1,020,581�30
1,015,546�88
101�55
1,023,760�19
8,213�32
(5,034�42) 0�97% N
--
3�90%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
9128285M8
3�13%
11/15/28
11/15/28
2�25
11/05/25
11/06/25
1,800,000�00 1,773,562�50
1,779,232�81
1,758,234�38
97�68
1,765,418�48
7,184�10
(20,998�43) 1�68% N
--
3�64%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CPK1
3�50%
11/15/28
11/15/28
2�24
12/02/25
12/03/25
2,750,000�00 2,747,851�56
2,748,270�09
2,708,964�84
98�51
2,721,257�64
12,292�80
(39,305�24) 2�59% N
--
3�53%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CJN2
4�38%
11/30/28
11/30/28
2�27
01/29/26
01/30/26
1,850,000�00 1,887,578�13
1,882,059�41
1,858,744�14
100�47
1,865,599�50
6,855�36
(23,315�27) 1�77% N
--
3�61%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CPP0
3�50%
12/15/28
12/15/28
2�33
01/07/26
01/08/26
1,825,000�00 1,823,716�80
1,823,925�08
1,796,983�40
98�46
1,799,775�75
2,792�35
(26,941�68) 1�71% N
--
3�52%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKD2
4�25%
02/28/29
02/28/29
2�47
05/08/24
05/09/24
875,000�00 865,463�87
869,716�03
876,914�06
100�22
889,343�58
12,429�52
7,198�03 0�84% N
--
4�50%
4�16%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
15 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CQE4
3�50%
03/15/29
03/15/29
2�53
03/30/26
03/31/26
2,500,000�00 2,476,367�19
2,478,380�36
2,458,300�78
98�33
2,483,980�13
25,679�35
(20,079�57) 2�36% N
--
3�84%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CEM9
2�88%
04/30/29
04/30/29
2�67
--
--
2,725,000�00 2,638,001�96
2,650,800�74
2,632,179�69
96�59
2,645,378�91
13,199�22
(18,621�05) 2�51% N
--
3�91%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKP5
4�63%
04/30/29
04/30/29
2�62
05/08/24
05/09/24
875,000�00 879,956�05
877,820�34
885,664�06
101�22
892,482�17
6,818�10
7,843�72 0�85% N
--
4�50%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKT7
4�50%
05/31/29
05/31/29
2�70
07/25/24
07/26/24
900,000�00 913,816�41
908,313�26
908,261�72
100�92
911,692�05
3,430�33
(51�54) 0�87% N
--
4�15%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKX8
4�25%
06/30/29
06/30/29
2�79
07/25/24
07/26/24
900,000�00 903,726�56
902,266�99
902,179�69
100�24
902,283�63
103�94
(87�30) 0�86% N
--
4�16%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CLC3
4�00%
07/31/29
07/31/29
2�83
05/13/25
05/14/25
350,000�00 348,783�20
349,109�74
348,414�06
99�55
354,253�84
5,839�78
(695�67) 0�34% N
--
4�09%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
912828YB0
1�63%
08/15/29
08/15/29
2�98
09/10/24
09/11/24
525,000�00 482,610�35
498,114�74
486,609�38
92�69
489,814�49
3,205�11
(11,505�36) 0�47% N
--
3�42%
4�14%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CLR0
4�13%
10/31/29
10/31/29
3�06
12/17/24
12/18/24
1,100,000�00 1,093,597�66
1,095,614�15
1,098,410�16
99�86
1,106,054�86
7,644�70
2,796�01 1�05% N
--
4�26%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
912828YS3
1�75%
11/15/29
11/15/29
3�21
12/17/24
12/18/24
350,000�00 312,115�23
323,947�62
323,845�70
92�53
324,627�97
782�27
(101�91) 0�31% N
--
4�21%
4�14%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
16 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CMA6
4�13%
11/30/29
11/30/29
3�15
02/18/25
02/19/25
1,300,000�00 1,286,644�53
1,290,448�35
1,298,121�09
99�86
1,302,663�10
4,542�01
7,672�74 1�24% N
--
4�36%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CGB1
3�88%
12/31/29
12/31/29
3�24
04/15/25
04/16/25
720,000�00 717,750�00
718,326�89
712,940�63
99�02
713,016�44
75�82
(5,386�26) 0�68% N
--
3�95%
4�18%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CMU2
4�00%
03/31/30
03/31/30
3�41
04/15/25
04/16/25
290,000�00 290,611�72
290,462�68
288,176�17
99�37
291,092�02
2,915�85
(2,286�50) 0�28% N
--
3�95%
4�18%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CGS4
3�63%
03/31/30
03/31/30
3�44
09/04/25
09/05/25
450,000�00 449,736�33
449,783�59
441,333�98
98�07
445,434�39
4,100�41
(8,449�61) 0�42% N
--
3�64%
4�18%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CGZ8
3�50%
04/30/30
04/30/30
3�52
05/13/25
05/14/25
350,000�00 340,238�28
342,463�22
341,578�13
97�59
343,641�98
2,063�86
(885�09) 0�33% N
--
4�13%
4�18%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CMZ1
3�88%
04/30/30
04/30/30
3�50
07/11/25
07/11/25
625,000�00 622,436�52
622,955�35
618,286�13
98�93
622,366�47
4,080�33
(4,669�22) 0�59% N
--
3�97%
4�18%
--
AA+
Aa1
UNITED STATES
TREASURY
912828ZQ6
0�63%
05/15/30
05/15/30
3�75
07/11/25
07/11/25
425,000�00 362,843�75
375,317�16
371,393�55
87�39
371,732�80
339�25
(3,923�61) 0�35% N
--
3�97%
4�18%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNG2
4�00%
05/31/30
05/31/30
3�58
08/07/25
08/08/25
700,000�00 707,109�38
705,786�23
695,324�22
99�33
697,695�80
2,371�58
(10,462�02) 0�66% N
--
3�77%
4�19%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNN7
3�88%
07/31/30
07/31/30
3�68
10/02/25
10/03/25
500,000�00 504,531�25
503,834�33
494,140�63
98�83
502,222�46
8,081�84
(9,693�71) 0�48% N
--
3�67%
4�19%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
17 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CAE1
0�63%
08/15/30
08/15/30
3�98
09/04/25
09/05/25
550,000�00 475,041�02
487,458�05
476,394�53
86�62
477,685�97
1,291�44
(11,063�52) 0�45% N
--
3�66%
4�19%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNX5
3�63%
08/31/30
08/31/30
3�78
11/05/25
11/06/25
825,000�00 820,359�38
820,984�64
807,146�48
97�84
817,142�32
9,995�84
(13,838�15) 0�78% N
--
3�75%
4�20%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CHW4
4�13%
08/31/30
08/31/30
3�75
12/02/25
12/03/25
250,000�00 255,107�42
254,488�16
249,326�17
99�73
252,773�01
3,446�84
(5,161�99) 0�24% N
--
3�65%
4�19%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CJG7
4�88%
10/31/30
10/31/30
3�85
01/29/26
01/30/26
675,000�00 706,587�89
703,820�54
692,850�59
102�64
698,394�57
5,543�99
(10,969�95) 0�66% N
--
3�79%
4�20%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CAV3
0�88%
11/15/30
11/15/30
4�20
12/02/25
12/03/25
500,000�00 437,441�41
444,707�62
434,257�81
86�85
434,816�58
558�76
(10,449�81) 0�41% N
--
3�66%
4�20%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CPR6
3�63%
12/31/30
12/31/30
4�10
01/07/26
01/08/26
450,000�00 448,488�28
448,632�97
439,453�13
97�66
439,497�45
44�33
(9,179�84) 0�42% N
--
3�70%
4�20%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CBL4
1�13%
02/15/31
02/15/31
4�40
03/30/26
03/31/26
650,000�00 569,359�38
573,522�64
567,277�34
87�27
570,024�58
2,747�24
(6,245�30) 0�54% N
--
3�95%
4�18%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKC4
4�25%
02/28/31
02/28/31
4�14
03/30/26
03/31/26
1,250,000�00 1,265,332�03
1,264,546�21
1,252,392�58
100�19
1,270,149�03
17,756�45
(12,153�63) 1�21% N
--
3�97%
4�20%
--
AA+
Aa1
US GOV TOTAL 08/06/28
08/06/28
1.98 --
--
84,045,000.00 $82,804,413.69
$83,382,967.47
$82,913,068.85
98.72 $83,537,341.78
$624,272.93
($469,898.62) 79.36% N
--
3.91%
4.15%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
18 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
GSE
FEDERAL FARM
CREDIT BANKS
FUNDING CORP
3133ENG87
2�92%
08/17/27
08/17/27
1�09
08/17/22
08/19/22
600,000�00 $594,384�00
$598,731�47
$591,926�78
98�65
$598,448�11
$6,521�33
($6,804�70) 0�57% N
--
3�12%
4�15%
--
AA+
Aa1
GSE TOTAL 08/17/27
08/17/27
1.09 08/17/22
08/19/22
600,000.00 $594,384.00
$598,731.47
$591,926.78
98.65 $598,448.11
$6,521.33
($6,804.70) 0.57% N
--
3.12%
4.15%
--
AA+
Aa1
MUNI
COMMUNITY
DEVELOPMENT
ADMINISTRATION
MARYLAND DEPA
57419RD28
2�86%
09/01/26
09/01/26
0�17
08/29/16
09/01/16
1,000,000�00 $1,019,370�00
$1,000,000�00
$997,904�21
99�79
$1,007,447�54
$9,543�33
($2,095�79) 0�96% Y
07/24/26
2�86%
4�07%
5�62%
NA
Aa1
MUNI TOTAL 09/01/26
09/01/26
0.17 08/29/16
09/01/16
1,000,000.00 $1,019,370.00
$1,000,000.00
$997,904.21
99.79 $1,007,447.54
$9,543.33
($2,095.79) 0.96% Y
07/24/26
2.86%
4.07%
5.62%
NA
Aa1
CORP
APPLE INC
037833DN7
2�05%
09/11/26
09/11/26
0�20
08/10/22
08/12/22
700,000�00 $667,786�00
$698,444�39
$697,093�24
99�58
$701,477�97
$4,384�72
($1,351�15) 0�67% Y
07/11/26
3�26%
4�15%
15�61%
AA+
Aaa
ELI LILLY AND CO
532457CJ5
4�50%
01/09/27
02/09/27
0�53
02/07/24
02/09/24
735,000�00 734,610�45
734,920�74
736,511�56
100�21
749,557�81
13,046�25
1,590�82 0�71% Y
01/09/27
4�52%
4�15%
4�10%
AA-
Aa3
JOHN DEERE
CAPITAL CORP
24422EWD7
2�35%
03/08/27
03/08/27
0�67
10/11/24
10/15/24
1,550,000�00 1,488,263�50
1,532,340�82
1,531,209�83
98�79
1,542,643�24
11,433�40
(1,130�98) 1�47% N
--
4�11%
4�15%
--
A
A1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
19 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
TOYOTA MOTOR
CREDIT CORP
89236TMS1
4�35%
10/08/27
10/08/27
1�21
10/11/24
10/15/24
700,000�00 701,855�00
700,791�10
700,622�66
100�09
707,643�08
7,020�42
(168�44) 0�67% N
--
4�25%
4�27%
--
A+
A1
CATERPILLAR
FINANCIAL
SERVICES CORP
14913UAR1
4�40%
10/15/27
10/15/27
1�23
10/11/24
10/15/24
700,000�00 705,320�00
702,288�33
701,316�31
100�19
707,818�53
6,502�22
(972�02) 0�67% N
--
4�13%
4�24%
--
A
A1
PACCAR FINANCIAL
CORP
69371RT48
4�00%
09/26/29
09/26/29
2�97
10/11/24
10/15/24
350,000�00 345,628�97
347,138�39
346,598�12
99�03
350,292�56
3,694�44
(540�27) 0�33% N
--
4�28%
4�32%
--
A+
A1
CORP TOTAL 06/14/27
06/19/27
0.91 --
--
4,735,000.00 $4,643,463.92
$4,715,923.77
$4,713,351.73
99.55 $4,759,433.19
$46,081.46
($2,572.05) 4.52%
--
4.09%
4.19%
9.66%
A+
A1
PORTFOLIO TOTAL 03/20/28
03/20/28
1.89 --
--
$104,423,840.33
$105,059,831.43
$104,578,460.28
84.51 $105,264,879.34
$686,419.06
($481,371.16) 100.00%
--
3.34%
4.15%
7.69%
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
20 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
21 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
APPLE INC
037833DN7
09/11/26 700,000�00 $1,195�83 $0�00
$0�00
$648�17 $0�00 $0�00 $1,844�00 $0�00
$0�00
CATERPILLAR FINANCIAL SERVICES CORP
14913UAR1
10/15/27 700,000�00 2,566�67 0�00
0�00
0�00 (145�75) 0�00 2,420�91 0�00
0�00
JOHN DEERE CAPITAL CORP
24422EWD7
03/08/27 1,125,000�00 2,203�13 0�00
0�00
1,538�06 0�00 0�00 3,741�18 0�00
0�00
JOHN DEERE CAPITAL CORP
24422EWD7
03/08/27 425,000�00 832�29 0�00
0�00
581�04 0�00 0�00 1,413�34 0�00
0�00
FEDERAL FARM CREDIT BANKS FUNDING
CORP
3133ENG87
08/17/27 600,000�00 1,460�00 0�00
0�00
92�37 0�00 0�00 1,552�37 0�00
0�00
ELI LILLY AND CO
532457CJ5
02/09/27 735,000�00 2,756�25 0�00
0�00
10�66 0�00 0�00 2,766�91 0�00
0�00
COMMUNITY DEVELOPMENT ADMINISTRATION
MARYLAND DEPA
57419RD28
09/01/26 1,000,000�00 2,385�83 0�00
0�00
0�00 0�00 0�00 2,385�83 0�00
0�00
PACCAR FINANCIAL CORP
69371RT48
09/26/29 350,000�00 1,166�67 0�00
0�00
72�57 0�00 0�00 1,239�23 0�00
0�00
TOYOTA MOTOR CREDIT CORP
89236TMS1
10/08/27 700,000�00 2,537�50 0�00
0�00
0�00 (51�15) 0�00 2,486�35 0�00
0�00
UNITED STATES TREASURY
9128282R0
08/15/27 575,000�00 1,072�17 0�00
0�00
647�84 0�00 0�00 1,720�01 0�00
0�00
UNITED STATES TREASURY
9128283F5
11/15/27 1,875,000�00 3,439�20 0�00
0�00
2,949�48 0�00 0�00 6,388�68 0�00
0�00
UNITED STATES TREASURY
9128284N7
05/15/28 365,000�00 855�47 0�00
0�00
281�85 0�00 0�00 1,137�32 0�00
0�00
UNITED STATES TREASURY
9128285M8
11/15/28 1,800,000�00 4,585�60 0�00
0�00
717�76 0�00 0�00 5,303�36 0�00
0�00
UNITED STATES TREASURY
912828YB0
08/15/29 525,000�00 707�01 0�00
0�00
706�89 0�00 0�00 1,413�90 0�00
0�00
UNITED STATES TREASURY
912828YS3
11/15/29 350,000�00 499�32 0�00
0�00
633�88 0�00 0�00 1,133�20 0�00
0�00
UNITED STATES TREASURY
912828ZQ6
05/15/30 425,000�00 216�54 0�00
0�00
1,054�09 0�00 0�00 1,270�63 0�00
0�00
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
22 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
UNITED STATES TREASURY
91282CAE1
08/15/30 550,000�00 284�88 0�00
0�00
1,245�86 0�00 0�00 1,530�73 0�00
0�00
UNITED STATES TREASURY
91282CAV3
11/15/30 500,000�00 356�66 0�00
0�00
1,038�03 0�00 0�00 1,394�69 0�00
0�00
UNITED STATES TREASURY
91282CBB6
12/31/27 800,000�00 414�14 0�00
0�00
1,982�96 0�00 0�00 2,397�10 2,500�00
0�00
UNITED STATES TREASURY
91282CBJ9
01/31/28 1,160,000�00 720�99 0�00
0�00
2,508�90 0�00 0�00 3,229�89 0�00
0�00
UNITED STATES TREASURY
91282CBL4
02/15/31 650,000�00 606�01 0�00
0�00
1,357�59 0�00 0�00 1,963�59 0�00
0�00
UNITED STATES TREASURY
91282CCR0
07/31/28 1,215,000�00 1,006�91 0�00
0�00
2,647�27 0�00 0�00 3,654�18 0�00
0�00
UNITED STATES TREASURY
91282CCY5
09/30/28 1,200,000�00 1,229�51 0�00
0�00
2,380�55 0�00 0�00 3,610�06 0�00
0�00
UNITED STATES TREASURY
91282CEM9
04/30/29 2,500,000�00 5,859�38 0�00
0�00
1,883�74 0�00 0�00 7,743�12 0�00
0�00
UNITED STATES TREASURY
91282CEM9
04/30/29 225,000�00 527�34 0�00
0�00
269�04 0�00 0�00 796�38 0�00
0�00
UNITED STATES TREASURY
91282CEN7
04/30/27 1,600,000�00 3,586�96 0�00
0�00
2,325�62 0�00 0�00 5,912�58 0�00
0�00
UNITED STATES TREASURY
91282CEN7
04/30/27 1,475,000�00 3,306�73 0�00
0�00
332�17 0�00 0�00 3,638�90 0�00
0�00
UNITED STATES TREASURY
91282CEW7
06/30/27 1,925,000�00 5,181�92 0�00
0�00
1,477�18 0�00 0�00 6,659�10 31,281�25
0�00
UNITED STATES TREASURY
91282CFH9
08/31/27 1,850,000�00 4,712�98 0�00
0�00
475�99 0�00 0�00 5,188�97 0�00
0�00
UNITED STATES TREASURY
91282CFZ9
11/30/27 1,225,000�00 3,890�88 0�00
0�00
3�29 0�00 0�00 3,894�17 23,734�38
0�00
UNITED STATES TREASURY
91282CGB1
12/31/29 720,000�00 2,310�90 0�00
0�00
39�24 0�00 0�00 2,350�14 13,950�00
0�00
UNITED STATES TREASURY
91282CGC9
12/31/27 1,350,000�00 4,332�93 0�00
0�00
0�00 (223�77) 0�00 4,109�17 26,156�25
0�00
UNITED STATES TREASURY
91282CGH8
01/31/28 1,350,000�00 3,915�75 0�00
0�00
140�20 0�00 0�00 4,055�95 0�00
0�00
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
23 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
UNITED STATES TREASURY
91282CGP0
02/29/28 1,420,000�00 4,630�43 0�00
0�00
0�00 (182�43) 0�00 4,448�01 0�00
0�00
UNITED STATES TREASURY
91282CGS4
03/31/30 450,000�00 1,337�09 0�00
0�00
4�74 0�00 0�00 1,341�83 0�00
0�00
UNITED STATES TREASURY
91282CGT2
03/31/28 1,420,000�00 4,219�26 0�00
0�00
208�01 0�00 0�00 4,427�27 0�00
0�00
UNITED STATES TREASURY
91282CGZ8
04/30/30 350,000�00 998�64 0�00
0�00
161�62 0�00 0�00 1,160�26 0�00
0�00
UNITED STATES TREASURY
91282CHA2
04/30/28 700,000�00 1,997�28 0�00
0�00
67�00 0�00 0�00 2,064�28 0�00
0�00
UNITED STATES TREASURY
91282CHA2
04/30/28 1,400,000�00 3,994�57 0�00
0�00
406�95 0�00 0�00 4,401�52 0�00
0�00
UNITED STATES TREASURY
91282CHE4
05/31/28 1,925,000�00 5,719�77 0�00
0�00
374�19 0�00 0�00 6,093�97 34,890�63
0�00
UNITED STATES TREASURY
91282CHQ7
07/31/28 425,000�00 1,452�87 0�00
0�00
134�51 0�00 0�00 1,587�38 0�00
0�00
UNITED STATES TREASURY
91282CHW4
08/31/30 250,000�00 840�69 0�00
0�00
0�00 (88�47) 0�00 752�23 0�00
0�00
UNITED STATES TREASURY
91282CHX2
08/31/28 1,000,000�00 3,566�58 0�00
0�00
0�00 (352�59) 0�00 3,213�99 0�00
0�00
UNITED STATES TREASURY
91282CJF9
10/31/28 1,000,000�00 3,974�18 0�00
0�00
0�00 (723�84) 0�00 3,250�34 0�00
0�00
UNITED STATES TREASURY
91282CJG7
10/31/30 675,000�00 2,682�57 0�00
0�00
0�00 (546�19) 0�00 2,136�39 0�00
0�00
UNITED STATES TREASURY
91282CJN2
11/30/28 1,850,000�00 6,634�22 0�00
0�00
0�00 (1,089�22) 0�00 5,545�00 40,468�75
0�00
UNITED STATES TREASURY
91282CKC4
02/28/31 1,250,000�00 4,330�84 0�00
0�00
0�00 (256�25) 0�00 4,074�60 0�00
0�00
UNITED STATES TREASURY
91282CKD2
02/28/29 875,000�00 3,031�59 0�00
0�00
162�92 0�00 0�00 3,194�51 0�00
0�00
UNITED STATES TREASURY
91282CKE0
03/15/27 800,000�00 2,771�74 0�00
0�00
255�11 0�00 0�00 3,026�85 0�00
0�00
UNITED STATES TREASURY
91282CKJ9
04/15/27 1,600,000�00 5,901�64 0�00
0�00
192�58 0�00 0�00 6,094�22 0�00
0�00
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
24 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
UNITED STATES TREASURY
91282CKP5
04/30/29 875,000�00 3,299�08 0�00
0�00
0�00 (81�83) 0�00 3,217�25 0�00
0�00
UNITED STATES TREASURY
91282CKT7
05/31/29 900,000�00 3,319�67 0�00
0�00
0�00 (234�18) 0�00 3,085�50 20,250�00
0�00
UNITED STATES TREASURY
91282CKV2
06/15/27 1,925,000�00 7,316�36 0�00
0�00
0�00 (539�35) 0�00 6,777�01 44,515�63
0�00
UNITED STATES TREASURY
91282CKX8
06/30/29 900,000�00 3,168�17 0�00
0�00
0�00 (62�11) 0�00 3,106�06 19,125�00
0�00
UNITED STATES TREASURY
91282CKZ3
07/15/27 1,925,000�00 6,979�45 0�00
0�00
0�00 (166�48) 0�00 6,812�97 0�00
0�00
UNITED STATES TREASURY
91282CKZ3
07/15/27 885,000�00 3,208�74 0�00
0�00
0�00 (625�07) 0�00 2,583�67 0�00
0�00
UNITED STATES TREASURY
91282CLC3
07/31/29 350,000�00 1,160�22 0�00
0�00
23�72 0�00 0�00 1,183�94 0�00
0�00
UNITED STATES TREASURY
91282CLR0
10/31/29 1,100,000�00 3,699�05 0�00
0�00
108�03 0�00 0�00 3,807�07 0�00
0�00
UNITED STATES TREASURY
91282CLX7
11/15/27 2,125,000�00 7,145�89 0�00
0�00
164�14 0�00 0�00 7,310�03 0�00
0�00
UNITED STATES TREASURY
91282CLX7
11/15/27 1,400,000�00 4,707�88 0�00
0�00
0�00 (318�38) 0�00 4,389�50 0�00
0�00
UNITED STATES TREASURY
91282CMA6
11/30/29 1,300,000�00 4,395�49 0�00
0�00
229�61 0�00 0�00 4,625�10 26,812�50
0�00
UNITED STATES TREASURY
91282CMB4
12/15/27 2,125,000�00 6,985�08 0�00
0�00
353�47 0�00 0�00 7,338�55 42,500�00
0�00
UNITED STATES TREASURY
91282CMF5
01/15/28 1,875,000�00 6,603�94 0�00
0�00
82�92 0�00 0�00 6,686�85 0�00
0�00
UNITED STATES TREASURY
91282CMS7
03/15/28 1,420,000�00 4,485�73 0�00
0�00
0�00 (75�07) 0�00 4,410�66 0�00
0�00
UNITED STATES TREASURY
91282CMU2
03/31/30 290,000�00 950�82 0�00
0�00
0�00 (10�14) 0�00 940�68 0�00
0�00
UNITED STATES TREASURY
91282CMW8
04/15/28 2,050,000�00 6,301�23 0�00
0�00
416�53 0�00 0�00 6,717�76 0�00
0�00
UNITED STATES TREASURY
91282CMZ1
04/30/30 625,000�00 1,974�35 0�00
0�00
43�85 0�00 0�00 2,018�20 0�00
0�00
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
25 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
UNITED STATES TREASURY
91282CNG2
05/31/30 700,000�00 2,295�08 0�00
0�00
0�00 (121�39) 0�00 2,173�69 14,000�00
0�00
UNITED STATES TREASURY
91282CNH0
06/15/28 1,925,000�00 6,129�92 0�00
0�00
0�00 (18�97) 0�00 6,110�95 37,296�88
0�00
UNITED STATES TREASURY
91282CNM9
07/15/28 1,900,000�00 6,101�52 0�00
0�00
0�00 (267�94) 0�00 5,833�58 0�00
0�00
UNITED STATES TREASURY
91282CNN7
07/31/30 500,000�00 1,605�66 0�00
0�00
0�00 (77�15) 0�00 1,528�51 0�00
0�00
UNITED STATES TREASURY
91282CNP2
07/31/27 1,500,000�00 4,816�99 0�00
0�00
0�00 (364�23) 0�00 4,452�76 0�00
0�00
UNITED STATES TREASURY
91282CNU1
08/15/28 2,900,000�00 8,712�02 0�00
0�00
0�00 (158�07) 0�00 8,553�95 0�00
0�00
UNITED STATES TREASURY
91282CNX5
08/31/30 825,000�00 2,438�01 0�00
0�00
79�15 0�00 0�00 2,517�16 0�00
0�00
UNITED STATES TREASURY
91282CNY3
09/15/28 600,000�00 1,650�82 0�00
0�00
81�53 0�00 0�00 1,732�35 0�00
0�00
UNITED STATES TREASURY
91282CPK1
11/15/28 2,750,000�00 7,846�47 0�00
0�00
59�79 0�00 0�00 7,906�26 0�00
0�00
UNITED STATES TREASURY
91282CPP0
12/15/28 1,825,000�00 5,249�08 0�00
0�00
35�91 0�00 0�00 5,284�99 31,937�50
0�00
UNITED STATES TREASURY
91282CPR6
12/31/30 450,000�00 1,351�13 0�00
0�00
24�95 0�00 0�00 1,376�08 8,156�25
0�00
UNITED STATES TREASURY
91282CQE4
03/15/29 2,500,000�00 7,133�15 0�00
0�00
656�47 0�00 0�00 7,789�62 0�00
0�00
Cash
CCYUSD
06/30/26 31,281�25 0�00 0�00
0�00
0�00 0�00 0�00 0�00 0�00
0�00
Cash
CCYUSD
06/30/26 69,887�50 0�00 0�00
0�00
0�00 0�00 0�00 0�00 0�00
0�00
BNY MELLON CASH RESERVE USD
MMF2DDA1
06/30/26 6,108,562�54 4�65 0�00
0�00
0�00 0�00 0�00 4�65 4�65
0�00
BNY MELLON CASH RESERVE USD
X9USDBMCR
06/30/26 9,152,477�43 6�51 0�00
0�00
0�00 0�00 0�00 6�51 6�51
0�00
Portfolio Total 105,742,208.72 $259,850.46 $0.00
$0.00
$34,369.97 ($6,780.01) $0.00 $287,440.42 $417,586.18
$0.00
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
26 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Apple Inc.
Apple Inc�
037833DN7
CORP
0�67%
3�26%
4�15%
0�20 AA+
Aaa
09/11/26
09/11/26
700,000�00 $4,384�72 $698,444�39
$702,829�12
$697,093�24
$701,477�97
Apple Inc.
0.67%
3.26%
4.15%
0.20 AA+
Aaa
700,000.00 $4,384.72 $698,444.39
$702,829.12
$697,093.24
$701,477.97
BNY MELLON CASH RESERVE
USD
BNY MELLON CASH RESERVE USD
X9USDBMCR
MMFUND
8�69%
0�00% NA
NA
06/30/26
06/30/26
9,152,477�43 $0�00 $9,152,477�43
$9,152,477�43
$9,152,477�43
$9,152,477�43
BNY MELLON CASH RESERVE USD
MMF2DDA1
MMFUND
5�80%
0�00% NA
NA
06/30/26
06/30/26
6,108,562�54 0�00 6,108,562�54
6,108,562�54
6,108,562�54
6,108,562�54
BNY MELLON CASH RESERVE
USD 14.50%
0.00% NA
NA
15,261,039.97 $0.00 $15,261,039.97
$15,261,039.97
$15,261,039.97
$15,261,039.97
Caterpillar Financial Services
Corporation
Caterpillar Financial Services
Corporation
14913UAR1
CORP
0�67%
4�13%
4�24%
1�23 A
A1
10/15/27
10/15/27
700,000�00 $6,502�22 $702,288�33
$708,790�55
$701,316�31
$707,818�53
Caterpillar Financial Services
Corporation 0.67%
4.13%
4.24%
1.23 A
A1
700,000.00 $6,502.22 $702,288.33
$708,790.55
$701,316.31
$707,818.53
Eli Lilly and Company
Eli Lilly and Company
532457CJ5
CORP
0�71%
4�52%
4�10%
0�53 AA-
Aa3
01/09/27
02/09/27
735,000�00 $13,046�25 $734,920�74
$747,966�99
$736,511�56
$749,557�81
Eli Lilly and Company
0.71%
4.52%
4.10%
0.53 AA-
Aa3
735,000.00 $13,046.25 $734,920.74
$747,966.99
$736,511.56
$749,557.81
Federal Farm Credit Banks
Funding Corporation
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
27 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Federal Farm Credit Banks
Funding Corporation
3133ENG87
GSE
0�57%
3�12%
4�15%
1�09 AA+
Aa1
08/17/27
08/17/27
600,000�00 $6,521�33 $598,731�47
$605,252�81
$591,926�78
$598,448�11
Federal Farm Credit Banks
Funding Corporation 0.57%
3.12%
4.15%
1.09 AA+
Aa1
600,000.00 $6,521.33 $598,731.47
$605,252.81
$591,926.78
$598,448.11
John Deere Capital Corporation
John Deere Capital Corporation
24422EWD7
CORP
1�06%
4�11%
4�15%
0�67 A
A1
03/08/27
03/08/27
1,125,000�00 $8,298�44 $1,112,182�85
$1,120,481�29
$1,111,361�98
$1,119,660�41
John Deere Capital Corporation
24422EWD7
CORP
0�40%
4�11%
4�15%
0�67 A
A1
03/08/27
03/08/27
425,000�00 3,134�97 420,157�97
423,292�93
419,847�86
422,982�82
John Deere Capital Corporation
1.47%
4.11%
4.15%
0.67 A
A1
1,550,000.00 $11,433.40 $1,532,340.82
$1,543,774.22
$1,531,209.83
$1,542,643.24
Maryland Department of Housing
and Community Development
Maryland Department of Housing
and Community Development
57419RD28
MUNI
0�96%
2�86%
4�07%
0�17 NA
Aa1
09/01/26
09/01/26
1,000,000�00 $9,543�33 $1,000,000�00
$1,009,543�33
$997,904�21
$1,007,447�54
Maryland Department of Housing
and Community Development 0.96%
2.86%
4.07%
0.17 NA
Aa1
1,000,000.00 $9,543.33 $1,000,000.00
$1,009,543.33
$997,904.21
$1,007,447.54
PACCAR Financial Corp.
PACCAR Financial Corp�
69371RT48
CORP
0�33%
4�28%
4�32%
2�97 A+
A1
09/26/29
09/26/29
350,000�00 $3,694�44 $347,138�39
$350,832�83
$346,598�12
$350,292�56
PACCAR Financial Corp.
0.33%
4.28%
4.32%
2.97 A+
A1
350,000.00 $3,694.44 $347,138.39
$350,832.83
$346,598.12
$350,292.56
Toyota Motor Credit
Corporation
Toyota Motor Credit
Corporation
89236TMS1
CORP
0�67%
4�25%
4�27%
1�21 A+
A1
10/08/27
10/08/27
700,000�00 $7,020�42 $700,791�10
$707,811�52
$700,622�66
$707,643�08
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
28 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Toyota Motor Credit
Corporation 0.67%
4.25%
4.27%
1.21 A+
A1
700,000.00 $7,020.42 $700,791.10
$707,811.52
$700,622.66
$707,643.08
UNITED STATES OF AMERICA
UNITED STATES OF AMERICA
CCYUSD
CASH
0�03%
0�00%
0�00%
0�00 AAA
Aaa
06/30/26
06/30/26
31,281�25 $0�00 $31,281�25
$31,281�25
$31,281�25
$31,281�25
UNITED STATES OF AMERICA
CCYUSD
CASH
0�07%
0�00%
0�00%
0�00 AAA
Aaa
06/30/26
06/30/26
69,887�50 0�00 69,887�50
69,887�50
69,887�50
69,887�50
UNITED STATES OF AMERICA
0.10%
0.00%
0.00%
0.00 AAA
Aaa
101,168.75 $0.00 $101,168.75
$101,168.75
$101,168.75
$101,168.75
United States
United States
91282CKE0
US GOV
0�77%
4�67%
3�99%
0�69 AA+
Aa1
03/15/27
03/15/27
800,000�00 $9,978�26 $797,814�57
$807,792�83
$801,406�25
$811,384�51
United States
91282CKJ9
US GOV
1�54%
4�66%
4�01%
0�77 AA+
Aa1
04/15/27
04/15/27
1,600,000�00 15,147�54 1,598,151�26
1,613,298�80
1,605,968�75
1,621,116�29
United States
91282CEN7
US GOV
1�51%
4�66%
4�06%
0�81 AA+
Aa1
04/30/27
04/30/27
1,600,000�00 7,413�04 1,576,511�22
1,583,924�27
1,582,968�75
1,590,381�79
United States
91282CEN7
US GOV
1�39%
3�05%
4�06%
0�81 AA+
Aa1
04/30/27
04/30/27
1,475,000�00 6,833�90 1,471,645�04
1,478,478�94
1,459,299�32
1,466,133�22
United States
91282CKV2
US GOV
1�84%
4�26%
4�10%
0�93 AA+
Aa1
06/15/27
06/15/27
1,925,000�00 3,892�08 1,931,274�46
1,935,166�53
1,934,324�22
1,938,216�30
United States
91282CEW7
US GOV
1�81%
4�25%
4�11%
0�97 AA+
Aa1
06/30/27
06/30/27
1,925,000�00 170�01 1,907,076�93
1,907,246�93
1,908,945�80
1,909,115�81
United States
91282CKZ3
US GOV
1�87%
4�26%
4�12%
0�99 AA+
Aa1
07/15/27
07/15/27
1,925,000�00 38,852�30 1,927,103�25
1,965,955�55
1,929,925�29
1,968,777�59
United States
91282CKZ3
US GOV
0�86%
3�46%
4�12%
0�99 AA+
Aa1
07/15/27
07/15/27
885,000�00 17,861�96 892,896�67
910,758�63
887,264�36
905,126�32
United States
91282CNP2
US GOV
1�44%
3�57%
4�13%
1�04 AA+
Aa1
07/31/27
07/31/27
1,500,000�00 24,245�51 1,504,795�72
1,529,041�23
1,495,869�14
1,520,114�65
United States
9128282R0
US GOV
0�54%
3�76%
4�14%
1�09 AA+
Aa1
08/15/27
08/15/27
575,000�00 4,860�50 566,146�20
571,006�70
563,151�86
568,012�35
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
29 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
United States
91282CFH9
US GOV
1�76%
3�46%
4�12%
1�12 AA+
Aa1
08/31/27
08/31/27
1,850,000�00 19,323�20 1,843,240�90
1,862,564�10
1,829,079�10
1,848,402�30
United States
91282CLX7
US GOV
2�03%
4�22%
4�16%
1�32 AA+
Aa1
11/15/27
11/15/27
2,125,000�00 11,195�23 2,122,253�40
2,133,448�63
2,123,879�39
2,135,074�62
United States
9128283F5
US GOV
1�74%
4�30%
4�15%
1�33 AA+
Aa1
11/15/27
11/15/27
1,875,000�00 5,388�08 1,825,645�32
1,831,033�40
1,827,758�79
1,833,146�87
United States
91282CLX7
US GOV
1�34%
3�83%
4�16%
1�32 AA+
Aa1
11/15/27
11/15/27
1,400,000�00 7,375�68 1,405,327�59
1,412,703�27
1,399,261�72
1,406,637�40
United States
91282CFZ9
US GOV
1�16%
3�88%
4�16%
1�36 AA+
Aa1
11/30/27
11/30/27
1,225,000�00 4,020�58 1,224,943�26
1,228,963�84
1,220,286�62
1,224,307�20
United States
91282CMB4
US GOV
2�02%
4�22%
4�16%
1�40 AA+
Aa1
12/15/27
12/15/27
2,125,000�00 3,715�85 2,118,731�85
2,122,447�69
2,120,185�55
2,123,901�39
United States
91282CGC9
US GOV
1�28%
3�65%
4�16%
1�44 AA+
Aa1
12/31/27
12/31/27
1,350,000�00 142�15 1,354,087�50
1,354,229�65
1,344,410�16
1,344,552�31
United States
91282CBB6
US GOV
0�72%
3�96%
4�16%
1�46 AA+
Aa1
12/31/27
12/31/27
800,000�00 13�59 763,777�97
763,791�56
759,312�50
759,326�09
United States
91282CMF5
US GOV
1�82%
4�31%
4�17%
1�45 AA+
Aa1
01/15/28
01/15/28
1,875,000�00 36,761�91 1,873,443�95
1,910,205�86
1,877,124�02
1,913,885�94
United States
91282CBJ9
US GOV
1�05%
3�64%
4�17%
1�54 AA+
Aa1
01/31/28
01/31/28
1,160,000�00 3,629�01 1,111,578�27
1,115,207�28
1,099,711�72
1,103,340�72
United States
91282CGH8
US GOV
1�29%
3�64%
4�17%
1�50 AA+
Aa1
01/31/28
01/31/28
1,350,000�00 19,709�25 1,347,294�08
1,367,003�34
1,336,157�23
1,355,866�48
United States
91282CGP0
US GOV
1�36%
3�83%
4�16%
1�58 AA+
Aa1
02/29/28
02/29/28
1,420,000�00 18,984�78 1,423,697�21
1,442,682�00
1,416,339�06
1,435,323�85
United States
91282CMS7
US GOV
1�36%
3�81%
4�16%
1�62 AA+
Aa1
03/15/28
03/15/28
1,420,000�00 16,148�64 1,421,558�96
1,437,707�61
1,413,316�02
1,429,464�66
United States
91282CGT2
US GOV
1�35%
3�81%
4�17%
1�66 AA+
Aa1
03/31/28
03/31/28
1,420,000�00 12,939�07 1,415,569�43
1,428,508�51
1,407,075�78
1,420,014�85
United States
91282CMW8
US GOV
1�95%
4�01%
4�16%
1�70 AA+
Aa1
04/15/28
04/15/28
2,050,000�00 16,173�16 2,040,919�72
2,057,092�88
2,035,465�82
2,051,638�98
United States
91282CHA2
US GOV
0�66%
3�62%
4�16%
1�75 AA+
Aa1
04/30/28
04/30/28
700,000�00 4,127�72 698,505�87
702,633�59
691,837�89
695,965�61
United States
91282CHA2
US GOV
1�32%
3�88%
4�16%
1�75 AA+
Aa1
04/30/28
04/30/28
1,400,000�00 8,255�43 1,390,924�98
1,399,180�41
1,383,675�78
1,391,931�22
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
30 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
United States
9128284N7
US GOV
0�34%
3�92%
4�16%
1�79 AA+
Aa1
05/15/28
05/15/28
365,000�00 1,340�23 358,573�79
359,914�02
356,602�15
357,942�38
United States
91282CHE4
US GOV
1�82%
3�88%
4�16%
1�83 AA+
Aa1
05/31/28
05/31/28
1,925,000�00 5,910�43 1,916,268�79
1,922,179�22
1,906,201�17
1,912,111�61
United States
91282CNH0
US GOV
1�82%
3�86%
4�16%
1�86 AA+
Aa1
06/15/28
06/15/28
1,925,000�00 3,260�93 1,925,452�23
1,928,713�16
1,914,773�44
1,918,034�37
United States
91282CNM9
US GOV
1�83%
3�69%
4�16%
1�91 AA+
Aa1
07/15/28
07/15/28
1,900,000�00 33,965�12 1,906,653�73
1,940,618�85
1,889,312�50
1,923,277�62
United States
91282CCR0
US GOV
1�09%
3�93%
4�15%
2�02 AA+
Aa1
07/31/28
07/31/28
1,215,000�00 5,068�09 1,147,847�53
1,152,915�63
1,139,252�34
1,144,320�44
United States
91282CHQ7
US GOV
0�41%
4�55%
4�16%
1�95 AA+
Aa1
07/31/28
07/31/28
425,000�00 7,312�76 421,587�90
428,900�65
424,717�77
432,030�53
United States
91282CNU1
US GOV
2�76%
3�55%
4�16%
2�00 AA+
Aa1
08/15/28
08/15/28
2,900,000�00 39,494�48 2,904,088�66
2,943,583�14
2,868,507�81
2,908,002�29
United States
91282CHX2
US GOV
0�97%
3�90%
4�16%
2�02 AA+
Aa1
08/31/28
08/31/28
1,000,000�00 14,622�96 1,009,308�31
1,023,931�27
1,004,335�94
1,018,958�90
United States
91282CNY3
US GOV
0�57%
3�55%
4�16%
2�08 AA+
Aa1
09/15/28
09/15/28
600,000�00 5,942�93 597,806�81
603,749�74
590,109�38
596,052�31
United States
91282CCY5
US GOV
1�07%
3�92%
4�16%
2�17 AA+
Aa1
09/30/28
09/30/28
1,200,000�00 3,770�49 1,134,772�89
1,138,543�38
1,125,609�38
1,129,379�87
United States
91282CJF9
US GOV
0�97%
3�90%
4�17%
2�17 AA+
Aa1
10/31/28
10/31/28
1,000,000�00 8,213�32 1,020,581�30
1,028,794�61
1,015,546�88
1,023,760�19
United States
9128285M8
US GOV
1�68%
3�64%
4�16%
2�25 AA+
Aa1
11/15/28
11/15/28
1,800,000�00 7,184�10 1,779,232�81
1,786,416�91
1,758,234�38
1,765,418�48
United States
91282CPK1
US GOV
2�59%
3�53%
4�16%
2�24 AA+
Aa1
11/15/28
11/15/28
2,750,000�00 12,292�80 2,748,270�09
2,760,562�89
2,708,964�84
2,721,257�64
United States
91282CJN2
US GOV
1�77%
3�61%
4�17%
2�27 AA+
Aa1
11/30/28
11/30/28
1,850,000�00 6,855�36 1,882,059�41
1,888,914�77
1,858,744�14
1,865,599�50
United States
91282CPP0
US GOV
1�71%
3�52%
4�16%
2�33 AA+
Aa1
12/15/28
12/15/28
1,825,000�00 2,792�35 1,823,925�08
1,826,717�43
1,796,983�40
1,799,775�75
United States
91282CKD2
US GOV
0�84%
4�50%
4�16%
2�47 AA+
Aa1
02/28/29
02/28/29
875,000�00 12,429�52 869,716�03
882,145�55
876,914�06
889,343�58
United States
91282CQE4
US GOV
2�36%
3�84%
4�16%
2�53 AA+
Aa1
03/15/29
03/15/29
2,500,000�00 25,679�35 2,478,380�36
2,504,059�70
2,458,300�78
2,483,980�13
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
31 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
United States
91282CEM9
US GOV
2�31%
3�86%
4�16%
2�67 AA+
Aa1
04/30/29
04/30/29
2,500,000�00 12,109�38 2,435,073�69
2,447,183�06
2,414,843�75
2,426,953�13
United States
91282CKP5
US GOV
0�85%
4�50%
4�16%
2�62 AA+
Aa1
04/30/29
04/30/29
875,000�00 6,818�10 877,820�34
884,638�44
885,664�06
892,482�17
United States
91282CEM9
US GOV
0�21%
4�52%
4�16%
2�67 AA+
Aa1
04/30/29
04/30/29
225,000�00 1,089�84 215,727�05
216,816�90
217,335�94
218,425�78
United States
91282CKT7
US GOV
0�87%
4�15%
4�16%
2�70 AA+
Aa1
05/31/29
05/31/29
900,000�00 3,430�33 908,313�26
911,743�59
908,261�72
911,692�05
United States
91282CKX8
US GOV
0�86%
4�16%
4�16%
2�79 AA+
Aa1
06/30/29
06/30/29
900,000�00 103�94 902,266�99
902,370�93
902,179�69
902,283�63
United States
91282CLC3
US GOV
0�34%
4�09%
4�16%
2�83 AA+
Aa1
07/31/29
07/31/29
350,000�00 5,839�78 349,109�74
354,949�51
348,414�06
354,253�84
United States
912828YB0
US GOV
0�47%
3�42%
4�14%
2�98 AA+
Aa1
08/15/29
08/15/29
525,000�00 3,205�11 498,114�74
501,319�85
486,609�38
489,814�49
United States
91282CLR0
US GOV
1�05%
4�26%
4�17%
3�06 AA+
Aa1
10/31/29
10/31/29
1,100,000�00 7,644�70 1,095,614�15
1,103,258�85
1,098,410�16
1,106,054�86
United States
912828YS3
US GOV
0�31%
4�21%
4�14%
3�21 AA+
Aa1
11/15/29
11/15/29
350,000�00 782�27 323,947�62
324,729�89
323,845�70
324,627�97
United States
91282CMA6
US GOV
1�24%
4�36%
4�17%
3�15 AA+
Aa1
11/30/29
11/30/29
1,300,000�00 4,542�01 1,290,448�35
1,294,990�36
1,298,121�09
1,302,663�10
United States
91282CGB1
US GOV
0�68%
3�95%
4�18%
3�24 AA+
Aa1
12/31/29
12/31/29
720,000�00 75�82 718,326�89
718,402�70
712,940�63
713,016�44
United States
91282CMU2
US GOV
0�28%
3�95%
4�18%
3�41 AA+
Aa1
03/31/30
03/31/30
290,000�00 2,915�85 290,462�68
293,378�52
288,176�17
291,092�02
United States
91282CGS4
US GOV
0�42%
3�64%
4�18%
3�44 AA+
Aa1
03/31/30
03/31/30
450,000�00 4,100�41 449,783�59
453,884�00
441,333�98
445,434�39
United States
91282CGZ8
US GOV
0�33%
4�13%
4�18%
3�52 AA+
Aa1
04/30/30
04/30/30
350,000�00 2,063�86 342,463�22
344,527�08
341,578�13
343,641�98
United States
91282CMZ1
US GOV
0�59%
3�97%
4�18%
3�50 AA+
Aa1
04/30/30
04/30/30
625,000�00 4,080�33 622,955�35
627,035�69
618,286�13
622,366�47
United States
912828ZQ6
US GOV
0�35%
3�97%
4�18%
3�75 AA+
Aa1
05/15/30
05/15/30
425,000�00 339�25 375,317�16
375,656�41
371,393�55
371,732�80
United States
91282CNG2
US GOV
0�66%
3�77%
4�19%
3�58 AA+
Aa1
05/31/30
05/31/30
700,000�00 2,371�58 705,786�23
708,157�82
695,324�22
697,695�80
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
32 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
United States
91282CNN7
US GOV
0�48%
3�67%
4�19%
3�68 AA+
Aa1
07/31/30
07/31/30
500,000�00 8,081�84 503,834�33
511,916�17
494,140�63
502,222�46
United States
91282CAE1
US GOV
0�45%
3�66%
4�19%
3�98 AA+
Aa1
08/15/30
08/15/30
550,000�00 1,291�44 487,458�05
488,749�48
476,394�53
477,685�97
United States
91282CNX5
US GOV
0�78%
3�75%
4�20%
3�78 AA+
Aa1
08/31/30
08/31/30
825,000�00 9,995�84 820,984�64
830,980�48
807,146�48
817,142�32
United States
91282CHW4
US GOV
0�24%
3�65%
4�19%
3�75 AA+
Aa1
08/31/30
08/31/30
250,000�00 3,446�84 254,488�16
257,935�00
249,326�17
252,773�01
United States
91282CJG7
US GOV
0�66%
3�79%
4�20%
3�85 AA+
Aa1
10/31/30
10/31/30
675,000�00 5,543�99 703,820�54
709,364�52
692,850�59
698,394�57
United States
91282CAV3
US GOV
0�41%
3�66%
4�20%
4�20 AA+
Aa1
11/15/30
11/15/30
500,000�00 558�76 444,707�62
445,266�38
434,257�81
434,816�58
United States
91282CPR6
US GOV
0�42%
3�70%
4�20%
4�10 AA+
Aa1
12/31/30
12/31/30
450,000�00 44�33 448,632�97
448,677�29
439,453�13
439,497�45
United States
91282CBL4
US GOV
0�54%
3�95%
4�18%
4�40 AA+
Aa1
02/15/31
02/15/31
650,000�00 2,747�24 573,522�64
576,269�88
567,277�34
570,024�58
United States
91282CKC4
US GOV
1�21%
3�97%
4�20%
4�14 AA+
Aa1
02/28/31
02/28/31
1,250,000�00 17,756�45 1,264,546�21
1,282,302�66
1,252,392�58
1,270,149�03
United States
79.36%
3.91%
4.15%
1.98 AA+
Aa1
84,045,000.00 $624,272.93 $83,382,967.47
$84,007,240.40
$82,913,068.85
$83,537,341.78
Portfolio Total
100.00%
3.34%
4.15%
1.89 AA+
Aa1
03/20/28
03/20/28
$686,419.06 $105,059,831.43
$105,746,250.49
$104,578,460.28
$105,264,879.34
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
33 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
Cash
CCYUSD
CASH
06/30/26
$0�00
$0�00
$0�00
$0�00
$0�00
$0�00
$0�00
$0�00
$0�00
$0�00
$8,744,649�72
$0�00
$0�00
$31,281�25
$31,281�25
$31,281�25
Receivable
CCYUSD
CASH
06/30/26
99,093�76
99,093�76
99,093�76
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
Cash
CCYUSD
CASH
06/30/26
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
5,938,937�50
0�00
0�00
69,887�50
69,887�50
69,887�50
Receivable
CCYUSD
CASH
06/30/26
61,062�50
61,062�50
61,062�50
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
BNY MELLON CASH
RESERVE USD
X9USDBMCR
MMFUND
06/30/26
152,477�43
152,477�43
152,477�43
9,000,000�00
0�00
0�00
0�00
0�00
0�00
6�51
0�00
0�00
0�00
9,152,477�43
9,152,477�43
9,152,477�43
BNY MELLON CASH
RESERVE USD
MMF2DDA1
MMFUND
06/30/26
108,557�89
108,557�89
108,557�89
6,000,004�65
0�00
0�00
0�00
0�00
0�00
4�65
0�00
0�00
0�00
6,108,562�54
6,108,562�54
6,108,562�54
APPLE INC
037833DN7
CORP
09/11/26
667,786�00
696,671�20
696,671�20
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(1,351�15)
667,786�00
697,093�24
698,444�39
ELI LILLY AND CO
532457CJ5
CORP
02/09/27
734,610�45
737,500�50
737,500�50
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
1,590�82
734,610�45
736,511�56
734,920�74
JOHN DEERE CAPITAL
CORP
24422EWD7
CORP
03/08/27
1,080,191�25
1,111,780�05
1,111,780�05
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(820�88)
1,080,191�25
1,111,361�98
1,112,182�85
JOHN DEERE CAPITAL
CORP
24422EWD7
CORP
03/08/27
408,072�25
420,005�80
420,005�80
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(310�11)
408,072�25
419,847�86
420,157�97
TOYOTA MOTOR CREDIT
CORP
89236TMS1
CORP
10/08/27
701,855�00
702,367�35
702,367�35
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(168�44)
701,855�00
700,622�66
700,791�10
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
34 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
CATERPILLAR FINANCIAL
SERVICES CORP
14913UAR1
CORP
10/15/27
705,320�00
703,110�10
703,110�10
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(972�02)
705,320�00
701,316�31
702,288�33
PACCAR FINANCIAL
CORP
69371RT48
CORP
09/26/29
345,628�97
348,357�16
348,357�16
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(540�27)
345,628�97
346,598�12
347,138�39
FEDERAL FARM CREDIT
BANKS FUNDING CORP
3133ENG87
GSE
08/17/27
594,384�00
592,934�78
592,934�78
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(6,804�70)
594,384�00
591,926�78
598,731�47
COMMUNITY
DEVELOPMENT
ADMINISTRATION
MARYLAND DEPA
57419RD28
MUNI
09/01/26
1,019,370�00
997,587�74
997,587�74
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(2,095�79)
1,019,370�00
997,904�21
1,000,000�00
UNITED STATES
TREASURY
91282CKE0
US GOV
03/15/27
791,156�25
802,765�63
802,765�63
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
3,591�68
791,156�25
801,406�25
797,814�57
UNITED STATES
TREASURY
91282CKJ9
US GOV
04/15/27
1,593,125�00
1,608,781�25
1,608,781�25
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
7,817�49
1,593,125�00
1,605,968�75
1,598,151�26
UNITED STATES
TREASURY
91282CEN7
US GOV
04/30/27
1,515,812�50
1,584,187�50
1,584,187�50
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
6,457�53
1,515,812�50
1,582,968�75
1,576,511�22
UNITED STATES
TREASURY
91282CEN7
US GOV
04/30/27
1,456,043�94
1,460,422�85
1,460,422�85
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(12,345�73)
1,456,043�94
1,459,299�32
1,471,645�04
UNITED STATES
TREASURY
91282CKV2
US GOV
06/15/27
1,943,949�22
1,939,099�12
1,939,099�12
0�00
0�00
0�00
0�00
0�00
0�00
44,515�63
0�00
0�00
3,049�76
1,943,949�22
1,934,324�22
1,931,274�46
UNITED STATES
TREASURY
91282CEW7
US GOV
06/30/27
1,872,363�28
1,911,690�43
1,911,690�43
0�00
0�00
0�00
0�00
0�00
0�00
31,281�25
0�00
0�00
1,868�87
1,872,363�28
1,908,945�80
1,907,076�93
UNITED STATES
TREASURY
91282CKZ3
US GOV
07/15/27
1,931,015�63
1,934,549�80
1,934,549�80
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
2,822�04
1,931,015�63
1,929,925�29
1,927,103�25
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
35 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
UNITED STATES
TREASURY
91282CKZ3
US GOV
07/15/27
906,606�45
889,390�43
889,390�43
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(5,632�31)
906,606�45
887,264�36
892,896�67
UNITED STATES
TREASURY
91282CNP2
US GOV
07/31/27
1,508,085�94
1,498,945�31
1,498,945�31
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(8,926�57)
1,508,085�94
1,495,869�14
1,504,795�72
UNITED STATES
TREASURY
9128282R0
US GOV
08/15/27
536,367�19
563,735�84
563,735�84
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(2,994�34)
536,367�19
563,151�86
566,146�20
UNITED STATES
TREASURY
91282CFH9
US GOV
08/31/27
1,832,800�78
1,831,752�93
1,831,752�93
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(14,161�80)
1,832,800�78
1,829,079�10
1,843,240�90
UNITED STATES
TREASURY
91282CLX7
US GOV
11/15/27
2,119,189�46
2,129,482�42
2,129,482�42
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
1,626�00
2,119,189�46
2,123,879�39
2,122,253�40
UNITED STATES
TREASURY
9128283F5
US GOV
11/15/27
1,776,782�22
1,829,846�19
1,829,846�19
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
2,113�47
1,776,782�22
1,827,758�79
1,825,645�32
UNITED STATES
TREASURY
91282CLX7
US GOV
11/15/27
1,410,007�81
1,402,953�13
1,402,953�13
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(6,065�87)
1,410,007�81
1,399,261�72
1,405,327�59
UNITED STATES
TREASURY
91282CFZ9
US GOV
11/30/27
1,224,904�30
1,223,277�34
1,223,277�34
0�00
0�00
0�00
0�00
0�00
0�00
23,734�38
0�00
0�00
(4,656�64)
1,224,904�30
1,220,286�62
1,224,943�26
UNITED STATES
TREASURY
91282CMB4
US GOV
12/15/27
2,112,133�79
2,125,871�58
2,125,871�58
0�00
0�00
0�00
0�00
0�00
0�00
42,500�00
0�00
0�00
1,453�70
2,112,133�79
2,120,185�55
2,118,731�85
UNITED STATES
TREASURY
91282CGC9
US GOV
12/31/27
1,362,814�45
1,347,785�16
1,347,785�16
0�00
0�00
0�00
0�00
0�00
0�00
26,156�25
0�00
0�00
(9,677�34)
1,362,814�45
1,344,410�16
1,354,087�50
UNITED STATES
TREASURY
91282CBB6
US GOV
12/31/27
689,218�75
759,171�88
759,171�88
0�00
0�00
0�00
0�00
0�00
0�00
2,500�00
0�00
0�00
(4,465�47)
689,218�75
759,312�50
763,777�97
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
36 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
UNITED STATES
TREASURY
91282CMF5
US GOV
01/15/28
1,872,070�31
1,882,543�95
1,882,543�95
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
3,680�08
1,872,070�31
1,877,124�02
1,873,443�95
UNITED STATES
TREASURY
91282CBJ9
US GOV
01/31/28
1,013,731�25
1,099,915�63
1,099,915�63
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(11,866�55)
1,013,731�25
1,099,711�72
1,111,578�27
UNITED STATES
TREASURY
91282CGH8
US GOV
01/31/28
1,341,826�17
1,339,426�76
1,339,426�76
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(11,136�86)
1,341,826�17
1,336,157�23
1,347,294�08
UNITED STATES
TREASURY
91282CGP0
US GOV
02/29/28
1,426,378�91
1,420,305�08
1,420,305�08
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(7,358�15)
1,426,378�91
1,416,339�06
1,423,697�21
UNITED STATES
TREASURY
91282CMS7
US GOV
03/15/28
1,422,662�50
1,417,198�83
1,417,198�83
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(8,242�95)
1,422,662�50
1,413,316�02
1,421,558�96
UNITED STATES
TREASURY
91282CGT2
US GOV
03/31/28
1,412,511�72
1,410,792�19
1,410,792�19
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(8,493�65)
1,412,511�72
1,407,075�78
1,415,569�43
UNITED STATES
TREASURY
91282CMW8
US GOV
04/15/28
2,035,185�54
2,040,911�13
2,040,911�13
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(5,453�90)
2,035,185�54
2,035,465�82
2,040,919�72
UNITED STATES
TREASURY
91282CHA2
US GOV
04/30/28
697,976�56
693,574�22
693,574�22
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(6,667�98)
697,976�56
691,837�89
698,505�87
UNITED STATES
TREASURY
91282CHA2
US GOV
04/30/28
1,386,109�38
1,387,148�44
1,387,148�44
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(7,249�19)
1,386,109�38
1,383,675�78
1,390,924�98
UNITED STATES
TREASURY
9128284N7
US GOV
05/15/28
347,976�17
357,322�17
357,322�17
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(1,971�64)
347,976�17
356,602�15
358,573�79
UNITED STATES
TREASURY
91282CHE4
US GOV
05/31/28
1,911,840�82
1,911,088�87
1,911,088�87
0�00
0�00
0�00
0�00
0�00
0�00
34,890�63
0�00
0�00
(10,067�62)
1,911,840�82
1,906,201�17
1,916,268�79
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
37 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
UNITED STATES
TREASURY
91282CNH0
US GOV
06/15/28
1,925,676�76
1,920,037�11
1,920,037�11
0�00
0�00
0�00
0�00
0�00
0�00
37,296�88
0�00
0�00
(10,678�79)
1,925,676�76
1,914,773�44
1,925,452�23
UNITED STATES
TREASURY
91282CNM9
US GOV
07/15/28
1,909,574�22
1,894,582�03
1,894,582�03
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(17,341�23)
1,909,574�22
1,889,312�50
1,906,653�73
UNITED STATES
TREASURY
91282CCR0
US GOV
07/31/28
1,066,399�80
1,139,774�41
1,139,774�41
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(8,595�19)
1,066,399�80
1,139,252�34
1,147,847�53
UNITED STATES
TREASURY
91282CHQ7
US GOV
07/31/28
418,077�15
425,979�49
425,979�49
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
3,129�88
418,077�15
424,717�77
421,587�90
UNITED STATES
TREASURY
91282CNU1
US GOV
08/15/28
2,905,664�06
2,876,324�22
2,876,324�22
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(35,580�85)
2,905,664�06
2,868,507�81
2,904,088�66
UNITED STATES
TREASURY
91282CHX2
US GOV
08/31/28
1,020,156�25
1,007,539�06
1,007,539�06
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(4,972�37)
1,020,156�25
1,004,335�94
1,009,308�31
UNITED STATES
TREASURY
91282CNY3
US GOV
09/15/28
597,070�31
591,562�50
591,562�50
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(7,697�43)
597,070�31
590,109�38
597,806�81
UNITED STATES
TREASURY
91282CCY5
US GOV
09/30/28
1,061,531�25
1,126,500�00
1,126,500�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(9,163�51)
1,061,531�25
1,125,609�38
1,134,772�89
UNITED STATES
TREASURY
91282CJF9
US GOV
10/31/28
1,042,851�56
1,019,140�63
1,019,140�63
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(5,034�42)
1,042,851�56
1,015,546�88
1,020,581�30
UNITED STATES
TREASURY
9128285M8
US GOV
11/15/28
1,773,562�50
1,762,242�19
1,762,242�19
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(20,998�43)
1,773,562�50
1,758,234�38
1,779,232�81
UNITED STATES
TREASURY
91282CPK1
US GOV
11/15/28
2,747,851�56
2,715,839�84
2,715,839�84
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(39,305�24)
2,747,851�56
2,708,964�84
2,748,270�09
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
38 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
UNITED STATES
TREASURY
91282CJN2
US GOV
11/30/28
1,887,578�13
1,864,958�98
1,864,958�98
0�00
0�00
0�00
0�00
0�00
0�00
40,468�75
0�00
0�00
(23,315�27)
1,887,578�13
1,858,744�14
1,882,059�41
UNITED STATES
TREASURY
91282CPP0
US GOV
12/15/28
1,823,716�80
1,801,545�90
1,801,545�90
0�00
0�00
0�00
0�00
0�00
0�00
31,937�50
0�00
0�00
(26,941�68)
1,823,716�80
1,796,983�40
1,823,925�08
UNITED STATES
TREASURY
91282CKD2
US GOV
02/28/29
865,463�87
879,580�08
879,580�08
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
7,198�03
865,463�87
876,914�06
869,716�03
UNITED STATES
TREASURY
91282CQE4
US GOV
03/15/29
2,476,367�19
2,464,746�09
2,464,746�09
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(20,079�57)
2,476,367�19
2,458,300�78
2,478,380�36
UNITED STATES
TREASURY
91282CEM9
US GOV
04/30/29
2,429,296�88
2,420,117�19
2,420,117�19
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(20,229�94)
2,429,296�88
2,414,843�75
2,435,073�69
UNITED STATES
TREASURY
91282CKP5
US GOV
04/30/29
879,956�05
888,603�52
888,603�52
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
7,843�72
879,956�05
885,664�06
877,820�34
UNITED STATES
TREASURY
91282CEM9
US GOV
04/30/29
208,705�08
217,810�55
217,810�55
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
1,608�89
208,705�08
217,335�94
215,727�05
UNITED STATES
TREASURY
91282CKT7
US GOV
05/31/29
913,816�41
911,144�53
911,144�53
0�00
0�00
0�00
0�00
0�00
0�00
20,250�00
0�00
0�00
(51�54)
913,816�41
908,261�72
908,313�26
UNITED STATES
TREASURY
91282CKX8
US GOV
06/30/29
903,726�56
904,886�72
904,886�72
0�00
0�00
0�00
0�00
0�00
0�00
19,125�00
0�00
0�00
(87�30)
903,726�56
902,179�69
902,266�99
UNITED STATES
TREASURY
91282CLC3
US GOV
07/31/29
348,783�20
349,343�75
349,343�75
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(695�67)
348,783�20
348,414�06
349,109�74
UNITED STATES
TREASURY
912828YB0
US GOV
08/15/29
482,610�35
487,142�58
487,142�58
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(11,505�36)
482,610�35
486,609�38
498,114�74
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
39 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
UNITED STATES
TREASURY
91282CLR0
US GOV
10/31/29
1,093,597�66
1,101,503�91
1,101,503�91
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
2,796�01
1,093,597�66
1,098,410�16
1,095,614�15
UNITED STATES
TREASURY
912828YS3
US GOV
11/15/29
312,115�23
324,119�14
324,119�14
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(101�91)
312,115�23
323,845�70
323,947�62
UNITED STATES
TREASURY
91282CMA6
US GOV
11/30/29
1,286,644�53
1,301,828�13
1,301,828�13
0�00
0�00
0�00
0�00
0�00
0�00
26,812�50
0�00
0�00
7,672�74
1,286,644�53
1,298,121�09
1,290,448�35
UNITED STATES
TREASURY
91282CGB1
US GOV
12/31/29
717,750�00
714,965�63
714,965�63
0�00
0�00
0�00
0�00
0�00
0�00
13,950�00
0�00
0�00
(5,386�26)
717,750�00
712,940�63
718,326�89
UNITED STATES
TREASURY
91282CMU2
US GOV
03/31/30
290,611�72
289,025�78
289,025�78
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(2,286�50)
290,611�72
288,176�17
290,462�68
UNITED STATES
TREASURY
91282CGS4
US GOV
03/31/30
449,736�33
442,564�45
442,564�45
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(8,449�61)
449,736�33
441,333�98
449,783�59
UNITED STATES
TREASURY
91282CGZ8
US GOV
04/30/30
340,238�28
342,439�45
342,439�45
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(885�09)
340,238�28
341,578�13
342,463�22
UNITED STATES
TREASURY
91282CMZ1
US GOV
04/30/30
622,436�52
619,897�46
619,897�46
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(4,669�22)
622,436�52
618,286�13
622,955�35
UNITED STATES
TREASURY
912828ZQ6
US GOV
05/15/30
362,843�75
371,559�57
371,559�57
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(3,923�61)
362,843�75
371,393�55
375,317�16
UNITED STATES
TREASURY
91282CNG2
US GOV
05/31/30
707,109�38
697,320�31
697,320�31
0�00
0�00
0�00
0�00
0�00
0�00
14,000�00
0�00
0�00
(10,462�02)
707,109�38
695,324�22
705,786�23
UNITED STATES
TREASURY
91282CNN7
US GOV
07/31/30
504,531�25
495,527�34
495,527�34
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(9,693�71)
504,531�25
494,140�63
503,834�33
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
40 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
UNITED STATES
TREASURY
91282CAE1
US GOV
08/15/30
475,041�02
476,587�89
476,587�89
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(11,063�52)
475,041�02
476,394�53
487,458�05
UNITED STATES
TREASURY
91282CNX5
US GOV
08/31/30
820,359�38
809,208�98
809,208�98
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(13,838�15)
820,359�38
807,146�48
820,984�64
UNITED STATES
TREASURY
91282CHW4
US GOV
08/31/30
255,107�42
250,009�77
250,009�77
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(5,161�99)
255,107�42
249,326�17
254,488�16
UNITED STATES
TREASURY
91282CJG7
US GOV
10/31/30
706,587�89
695,223�63
695,223�63
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(10,969�95)
706,587�89
692,850�59
703,820�54
UNITED STATES
TREASURY
91282CAV3
US GOV
11/15/30
437,441�41
434,550�78
434,550�78
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(10,449�81)
437,441�41
434,257�81
444,707�62
UNITED STATES
TREASURY
91282CPR6
US GOV
12/31/30
448,488�28
440,595�70
440,595�70
0�00
0�00
0�00
0�00
0�00
0�00
8,156�25
0�00
0�00
(9,179�84)
448,488�28
439,453�13
448,632�97
UNITED STATES
TREASURY
91282CBL4
US GOV
02/15/31
569,359�38
567,505�86
567,505�86
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(6,245�30)
569,359�38
567,277�34
573,522�64
UNITED STATES
TREASURY
91282CKC4
US GOV
02/28/31
1,265,332�03
1,256,103�52
1,256,103�52
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
0�00
(12,153�63)
1,265,332�03
1,252,392�58
1,264,546�21
Portfolio Total
$89,482,823.19
$89,835,380.96
$90,091,224.33
$0.00
$0.00
$0.00
$0.00
$417,586.18
$14,683,587.22
$0.00
($481,371.16)
$104,423,840.33
$104,578,460.28
$105,059,831.43
16.B.
June 1 - June 30, 2026
Organizational Structure
Public Trust Advisors, LLC, PMA Financial Network, LLC, PMA Securities, LLC and PMA Asset Management, LLC are under common ownership as part of PTMA Financial Solutions, LLC (“PTMA”)� Public Trust Advisors, LLC and PMA Asset Management, LLC, are two separate SEC registered investment advisers, both doing business as PTMA Investment Advisors� PMA Securities, LLC is a broker-dealer and municipal advisor registered with the SEC and MSRB and is a member of FINRA and SIPC� Registration with the SEC does not imply a certain level of skill or training� Marketing, securities, institutional brokerage services and municipal advisory services are offered through PMA Securities, LLC. PTMA Investment Advisors provides investment advisory services to local government investment pools (“Funds”) and separate accounts� All other products are provided by PMA Financial Network, LLC� Report Information
This report is intended to detail investment advisory activity through your PTMA Investment Advisors separately managed account (hereinafter “Account”)� This information is for the sole purposes of the client and is not intended to provide specific investment advice or recommendations. This report is provided for informational purposes only and does not constitute an official account statement.
Clients should refer to custodial statements for official records of holdings and transactions.
Beginning and ending balances are based on market value plus accrued interest on a trade date basis� Information derived from sources other than PTMA (including pricing, security characteristics and market analytics), is believed to be reliable; however, the data in this report is unaudited and PTMA makes no representations as to its accuracy or completeness� Data is applicable as of the date in the report� Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc� Statements and reports made available to the end user either from PTMA or Clearwater Analytics may present information and portfolio analytics using various valuation methodologies including, but not limited to, historical cost, amortized cost, and market value. These methodologies may differ from the methodologies used in your internal accounting or by your custodian.
Forward-looking statements, including opinions or forecasts, in this report are based on current assumptions and are subject to change without notice� This report is not intended to be, nor should it be relied upon in any way as a forecast or guarantee of future events regarding a particular investment or the markets in general� Certain security characteristics may include assumptions including, but not limited to, expected levels of volatility, prepayment rates, default rates and recovery rates. Actual results may differ materially due to market or economic conditions.
The securities in this Account are not guaranteed, insured or otherwise protected by PTMA, the FDIC (except for certain bank products) or by any government agency. Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal; please consult the Firm’s Form ADV Brochure for more detailed information on potential risks� No assurance can be given that the performance objectives of a given strategy will be achieved� Past performance is not a guarantee of future results�
This report is intended solely for the use of the client and may not be distributed or relied upon by any other party� Clients are encouraged to contact PTMA with any questions regarding the information presented herein�
Custodian Bank
A qualified custodian, as defined under Rule 206(4)-2 of the Investment Advisers Act of 1940, maintains control of all assets, executes/settles all investment transactions and provides the official record of securities, investments, cash holdings and transactions� The custodian will provide you custodial statements and you are strongly encouraged to compare PTMA’s statement to the custodian’s statement and reconcile any differences. Please contact PTMA with any questions regarding discrepancies between your custodial statement and your PTMA statement� Many custodians use a settlement date basis, which may result in the need to reconcile due to a timing difference. The custodian may also provide accounting information for all account assets, which may differ from your records or accounting information provided by PTMA. The custodian may use different pricing sources or a different pricing hierarchy than PTMA, which also may contribute to differences in the market value of your Account�
Legal or Tax Information
PTMA and its employees do not offer tax or legal advice. You should consult with your tax and/or legal advisors before making any tax or legal related investment decisions. Cost data and realized gains/ losses are provided for your informational purposes only� Please review for accuracy and consult your tax advisor to determine the tax consequences of your transactions� PTMA does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported� 41
16.B.
June 1 - June 30, 2026
Account Assets, Cost, Valuation and Performance
In computing the market value of any asset of the Account, each security listed on any national securities exchange shall be valued at the last quoted sale price on the valuation date on the principal exchange on which such security is traded. The market values of many fixed income securities are provided by pricing services companies which utilize pricing evaluations based on various market and industry inputs� A hierarchy of pricing sources, which may include prices provided by PTMA, is used to provide a price for each security in this report� Although PTMA believes the price to be reliable, the values of the investments do not always represent the prices at which the investments could have been bought or sold. The prices provided are not firm bids or offers.
All return data that is provided includes the reinvestment of interest received and capital gains and is net of the expense ratio of each investment fund (as applicable)� Where indicated, net returns include the deduction of management fees� Return information for periods greater than one year are annualized� When applicable, benchmark performance is provided for comparison purposes only� The benchmark data is sourced from third-party providers believed to be reliable but has not been independently verified. The benchmarks reflect the performance of unmanaged indices and do not include items like fees, expenses, or transaction costs� You cannot invest directly in the benchmark� Variances between your experience and the benchmark will exist based on tactical investment decisions and other factors� There is no guarantee your portfolio will outperform its benchmark� Unmanaged Accounts or Assets
PTMA may permit clients to maintain unmanaged accounts or external assets in PTMA’s portfolio accounting system solely for the purposes of client reporting. PTMA defines an unmanaged account or asset as those for which PTMA does not contractually provide continuous and regular supervisory or management services as the Investment Manager� PTMA does not make any investment recommendations and may not charge an investment advisory fee for reporting on these accounts/assets� The primary purpose of this service is to include unmanaged accounts/assets owned by the client in consolidated reports provided by the Investment Manager� Values for unmanaged accounts/assets are shown based on information provided by the client or separate custodian� PTMA assumes no liability for the underlying value or performance, as applicable, of any unmanaged accounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such information� Unmanaged accounts or external assets may not be readily identifiable as such in the Client’s Account statement or report.
Ratings
Information provided for ratings is based upon a good faith inquiry of selected sources, but their accuracy and completeness cannot be guaranteed� Standard & Poor’s and Moody’s ratings may represent the long-term rating of the issue or issuer as available. Credit ratings are subject to change at any time and may not reflect the current financial condition or creditworthiness of the issuer.
Account Control
PTMA does not have the authority to withdraw funds from the client’s account maintained by the qualified custodian, except in limited circumstances as authorized by the client for the payment of the investment advisory fee� Our clients retain responsibility for their internal accounting policies, and for implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions�
Notification of Changes
To appropriately serve you, we request that you promptly notify us of any material change in your investment policy, investment objective or financial situation. Such changes may affect your current investment strategy and asset allocation�
ADV Firm Brochure
PTMA Investment Advisors provides its clients with a written disclosure statement of its background and business experience� If you would like to receive another copy of the Firm Brochure, please visit the IAPD website at https://adviserinfo�sec�gov/�
Review of Report
Please review the contents of this information carefully� Should you have any questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us� For more information visit https://ptma�com/ ©2025 PTMA Financial Solutions
42
16.B.
Investment ReviewCity of Hemet 1-306/01/2026 to 06/30/2026
16.B.
2 EXECUTIVE SUMMARY
Portfolio Overview ��������������������������������������������������������������������������������������������3 Maturity Distribution ������������������������������������������������������������������������������������������4 Rating Distribution ��������������������������������������������������������������������������������������������6 Security Distribution – Market Value �����������������������������������������������������������������7 Security Distribution – Historical Cost ��������������������������������������������������������������8
SUPPORTING REPORTS
Portfolio Holdings ���������������������������������������������������������������������������������������������9 Transactions ���������������������������������������������������������������������������������������������������14 Income ������������������������������������������������������������������������������������������������������������15 GASB 40���������������������������������������������������������������������������������������������������������18 Portfolio Activity Summary �����������������������������������������������������������������������������22 Table of Contents
Tom Tight | Managing Director
tom�tight@ptma�com
John Grady | Managing Director
john�grady@ptma�com
RELATIONSHIP MANAGERS
Mark Creger | Director, Portfolio
Manager
mark�creger@ptma�com
Manuel N. San Luis | Vice President,
Portfolio Manager
manuel�sanluis@ptma�com
PORTFOLIO MANAGER
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
3 PORTFOLIO CHARACTERISTICS PORTFOLIO SUMMARY
INCOME SUMMARY
05/31/26 06/30/26
Duration 1�684 1�608
Years to Effective Maturity 1�770 1�453
Years to Final Maturity 1�771 1�454
Coupon Rate 3�673 3�162
Book Yield 3�931 3�387
Market Yield 3�971 4�143
Benchmark Yield -- --
Summary 05/31/26 06/30/26
Historical Cost $54,850,757�27 $63,882,038�52
Book Value 55,039,838�61 64,082,390�62
Accrued Interest 459,710�32 438,831�51
Net Pending Transactions 99,093�76 0�00
Book Value Plus Accrued $55,598,642.69 $64,521,222.13
Net Unrealized Gain/Loss (123,983�36) (262,087�60)
Market Value Plus Accrued $55,474,659.34 $64,259,134.53 Period Income Income
Interest Income $166,658�96
Net Amortization/Accretion Income 11,270�76
Net Income $177,929.72
ASSET ALLOCATION
Detail may not add to total due to rounding�
Portfolio Overview
EXECUTIVE SUMMARY
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
4 Portfolio Overview
MATURITY DISTRIBUTION BY SECURITY TYPE
TOP TEN HOLDINGS MATURITY DISTRIBUTION BY TYPE
Issuer Value
United States 80�60%
(X9USDBMCR) BNY MELLON CASH
RESERVE USD
14�24%
Deere & Company 1�74%
Eli Lilly and Company 1�17%
Caterpillar Inc� 1�10%
Toyota Motor Corporation 1�10%
(CCYUSD) UNITED STATES OF AMERICA 0�05%
Maturity Distribution
Security
Distribution
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total CASH $31,281�25 -- -- -- -- -- -- -- -- $31,281.25
CORP 1,869,218�23 1,415,461�61 3,284,679.84
MMFUND 9,152,477�43 9,152,477.43
US GOV 811,384�51 7,058,830�19 25,430,164�47 18,490,316�85 51,790,696.02 TOTAL $9,183,758.68 -- $2,680,602.74 $7,058,830.19 $26,845,626.08 $18,490,316.85 -- -- -- $64,259,134.53
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
5 Portfolio Overview
WAL DISTRIBUTION BY SECURITY TYPE
TOP TEN HOLDINGS WAL DISTRIBUTION BY TYPE
Issuer Value
United States 80�60%
(X9USDBMCR) BNY MELLON CASH
RESERVE USD
14�24%
Deere & Company 1�74%
Eli Lilly and Company 1�17%
Caterpillar Inc� 1�10%
Toyota Motor Corporation 1�10%
(CCYUSD) UNITED STATES OF AMERICA 0�05%
Security
Distribution
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total CASH $31,281�25 -- -- -- -- -- -- -- -- $31,281.25
MMFUND 9,152,477�43 9,152,477.43
TOTAL $9,183,758.68 -- -- -- -- -- -- -- -- $9,183,758.68
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
6 S&P RATING DISTRIBUTION MOODY’S RATING DISTRIBUTION
ALLOCATION BY STANDARD AND POOR’S RATING ALLOCATION BY MOODY’S RATING Portfolio Overview
S&P Rating Distribution Jun 30, 2026
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
A-1+ $0�00 0�00%
A-1
A-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
AAA $31,281�25 0�05%
AA $52,540,253�83 81�76%
A $2,535,122�02 3�95%
Below A
Not Rated $9,152,477�43 14�24%
Total Long Term Ratings $64,259,134.53 100.00%
Portfolio Total $64,259,134.53 100.00%
Moody's Rating Distribution Jun 30, 2026
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
P-1 $0�00 0�00%
P-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
Aaa $31,281�25 0�05%
Aa $52,540,253�83 81�76%
A $2,535,122�02 3�95%
Below A
Not Rated $9,152,477�43 14�24%
Total Long Term Ratings $64,259,134.53 100.00%
Portfolio Total $64,259,134.53 100.00%
Rating Distribution
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
7 MARKET VALUE BASIS SECURITY DISTRIBUTION
ASSET BALANCE BY SECURITY TYPE
Portfolio Overview
Security Distribution May 31, 2026
Ending Balance
May 31, 2026
Portfolio Allocation
Jun 30, 2026
Ending Balance
Jun 30, 2026
Portfolio Allocation
Change in
Allocation
Book Yield
Cash $99,093�76 0�18% $31,281�25 0�05% (0�13%) 0�00%
U�S� Treasury Notes $51,943,526�36 93�63% $51,790,696�02 80�60% (13�04%) 3�93% Money Market Funds $152,477�43 0�27% $9,152,477�43 14�24% 13�97% 0�00% Corporate Notes 3,279,561�79 5�91% 3,284,679�84 5�11% (0�80%) 4�24% Portfolio Total $55,474,659.34 100.00% $64,259,134.53 100.00% 3.39% Security Distribution – Market Value
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
8 ASSET BALANCE BY SECURITY TYPE
Portfolio Overview
Security Distribution May 31, 2026
Ending Balance
May 31, 2026
Portfolio Allocation
Jun 30, 2026
Ending Balance
Jun 30, 2026
Portfolio Allocation
Change in
Allocation
Book Yield
Cash $99,093�76 0�18% $31,281�25 0�05% (0�13%) 0�00%
U�S� Treasury Notes $51,476,303�14 93�68% $51,476,303�14 80�58% (13�10%) 3�93% Money Market Funds $152,477�43 0�28% $9,152,477�43 14�33% 14�05% 0�00% Corporate Notes 3,221,976�70 5�86% 3,221,976�70 5�04% (0�82%) 4�24% Portfolio Total $54,949,851.03 100.00% $63,882,038.52 100.00% 3.39%
HISTORIC COST BASIS SECURITY DISTRIBUTION
Security Distribution – Historical Cost
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
9 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
CASH
Cash
CCYUSD
0�00%
06/30/26
06/30/26
0�00
--
--
31,281�25 $31,281�25
$31,281�25
$31,281�25
1�00
$31,281�25
$0�00
$0�00 0�05% N
--
0�00%
0�00%
0�00%
AAA
Aaa
CASH TOTAL 06/30/26
06/30/26
0.00 --
--
31,281.25 $31,281.25
$31,281.25
$31,281.25
1.00 $31,281.25
$0.00
$0.00 0.05% N
--
0.00%
0.00%
0.00%
AAA
Aaa
MMFUND
BNY MELLON CASH
RESERVE USD
X9USDBMCR
0�00%
06/30/26
06/30/26
--
--
9,152,477�43 $9,152,477�43
$9,152,477�43
$9,152,477�43
1�00
$9,152,477�43
$0�00
$0�00 14�24% N
--
0�00%
--
--
NA
NA
MMFUND TOTAL 06/30/26
06/30/26
--
--
9,152,477.43 $9,152,477.43
$9,152,477.43
$9,152,477.43
1.00 $9,152,477.43
$0.00
$0.00 14.24% N
--
0.00%
--
--
NA
NA
US GOV
UNITED STATES
TREASURY
91282CKE0
4�25%
03/15/27
03/15/27
0�69
05/08/24
05/09/24
800,000�00 $791,156�25
$797,814�57
$801,406�25
100�18
$811,384�51
$9,978�26
$3,591�68 1�26% N
--
4�67%
3�99%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKJ9
4�50%
04/15/27
04/15/27
0�77
05/08/24
05/09/24
1,600,000�00 1,593,125�00
1,598,151�26
1,605,968�75
100�37
1,621,116�29
15,147�54
7,817�49 2�52% N
--
4�66%
4�01%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CEN7
2�75%
04/30/27
04/30/27
0�81
05/08/24
05/09/24
1,600,000�00 1,515,812�50
1,576,511�22
1,582,968�75
98�94
1,590,381�79
7,413�04
6,457�53 2�47% N
--
4�66%
4�06%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKV2
4�63%
06/15/27
06/15/27
0�93
07/25/24
07/26/24
1,925,000�00 1,943,949�22
1,931,274�46
1,934,324�22
100�48
1,938,216�30
3,892�08
3,049�76 3�02% N
--
4�26%
4�10%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
10 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CEW7
3�25%
06/30/27
06/30/27
0�97
07/25/24
07/26/24
1,925,000�00 1,872,363�28
1,907,076�93
1,908,945�80
99�17
1,909,115�81
170�01
1,868�87 2�97% N
--
4�25%
4�11%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CKZ3
4�38%
07/15/27
07/15/27
0�99
07/25/24
07/26/24
1,925,000�00 1,931,015�63
1,927,103�25
1,929,925�29
100�26
1,968,777�59
38,852�30
2,822�04 3�06% N
--
4�26%
4�12%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNP2
3�88%
07/31/27
07/31/27
1�04
10/02/25
10/03/25
1,500,000�00 1,508,085�94
1,504,795�72
1,495,869�14
99�72
1,520,114�65
24,245�51
(8,926�57) 2�37% N
--
3�57%
4�13%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CFH9
3�13%
08/31/27
08/31/27
1�12
09/10/24
09/11/24
1,850,000�00 1,832,800�78
1,843,240�90
1,829,079�10
98�87
1,848,402�30
19,323�20
(14,161�80) 2�88% N
--
3�46%
4�12%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CLX7
4�13%
11/15/27
11/15/27
1�32
12/17/24
12/18/24
2,125,000�00 2,119,189�46
2,122,253�40
2,123,879�39
99�95
2,135,074�62
11,195�23
1,626�00 3�32% N
--
4�22%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
9128283F5
2�25%
11/15/27
11/15/27
1�33
02/18/25
02/19/25
1,875,000�00 1,776,782�22
1,825,645�32
1,827,758�79
97�48
1,833,146�87
5,388�08
2,113�47 2�85% N
--
4�30%
4�15%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CFZ9
3�88%
11/30/27
11/30/27
1�36
07/11/25
07/11/25
1,225,000�00 1,224,904�30
1,224,943�26
1,220,286�62
99�62
1,224,307�20
4,020�58
(4,656�64) 1�91% N
--
3�88%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CMB4
4�00%
12/15/27
12/15/27
1�40
12/17/24
12/18/24
2,125,000�00 2,112,133�79
2,118,731�85
2,120,185�55
99�77
2,123,901�39
3,715�85
1,453�70 3�31% N
--
4�22%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CMF5
4�25%
01/15/28
01/15/28
1�45
02/18/25
02/19/25
1,875,000�00 1,872,070�31
1,873,443�95
1,877,124�02
100�11
1,913,885�94
36,761�91
3,680�08 2�98% N
--
4�31%
4�17%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
11 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CGP0
4�00%
02/29/28
02/29/28
1�58
04/15/25
04/16/25
1,420,000�00 1,426,378�91
1,423,697�21
1,416,339�06
99�74
1,435,323�85
18,984�78
(7,358�15) 2�23% N
--
3�83%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CMS7
3�88%
03/15/28
03/15/28
1�62
04/15/25
04/16/25
1,420,000�00 1,422,662�50
1,421,558�96
1,413,316�02
99�53
1,429,464�66
16,148�64
(8,242�95) 2�22% N
--
3�81%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CGT2
3�63%
03/31/28
03/31/28
1�66
04/15/25
04/16/25
1,420,000�00 1,412,511�72
1,415,569�43
1,407,075�78
99�09
1,420,014�85
12,939�07
(8,493�65) 2�21% N
--
3�81%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CMW8
3�75%
04/15/28
04/15/28
1�70
05/13/25
05/14/25
2,050,000�00 2,035,185�54
2,040,919�72
2,035,465�82
99�29
2,051,638�98
16,173�16
(5,453�90) 3�19% N
--
4�01%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CHA2
3�50%
04/30/28
04/30/28
1�75
11/05/25
11/06/25
700,000�00 697,976�56
698,505�87
691,837�89
98�83
695,965�61
4,127�72
(6,667�98) 1�08% N
--
3�62%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CHE4
3�63%
05/31/28
05/31/28
1�83
07/11/25
07/11/25
1,925,000�00 1,911,840�82
1,916,268�79
1,906,201�17
99�02
1,912,111�61
5,910�43
(10,067�62) 2�98% N
--
3�88%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNH0
3�88%
06/15/28
06/15/28
1�86
07/11/25
07/11/25
1,925,000�00 1,925,676�76
1,925,452�23
1,914,773�44
99�47
1,918,034�37
3,260�93
(10,678�79) 2�98% N
--
3�86%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNM9
3�88%
07/15/28
07/15/28
1�91
08/07/25
08/08/25
1,900,000�00 1,909,574�22
1,906,653�73
1,889,312�50
99�44
1,923,277�62
33,965�12
(17,341�23) 2�99% N
--
3�69%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CNU1
3�63%
08/15/28
08/15/28
2�00
09/04/25
09/05/25
2,900,000�00 2,905,664�06
2,904,088�66
2,868,507�81
98�91
2,908,002�29
39,494�48
(35,580�85) 4�53% N
--
3�55%
4�16%
--
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
12 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
UNITED STATES
TREASURY
91282CNY3
3�38%
09/15/28
09/15/28
2�08
10/02/25
10/03/25
600,000�00 597,070�31
597,806�81
590,109�38
98�35
596,052�31
5,942�93
(7,697�43) 0�93% N
--
3�55%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
9128285M8
3�13%
11/15/28
11/15/28
2�25
11/05/25
11/06/25
1,800,000�00 1,773,562�50
1,779,232�81
1,758,234�38
97�68
1,765,418�48
7,184�10
(20,998�43) 2�75% N
--
3�64%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CPK1
3�50%
11/15/28
11/15/28
2�24
12/02/25
12/03/25
2,750,000�00 2,747,851�56
2,748,270�09
2,708,964�84
98�51
2,721,257�64
12,292�80
(39,305�24) 4�23% N
--
3�53%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CJN2
4�38%
11/30/28
11/30/28
2�27
01/29/26
01/30/26
1,850,000�00 1,887,578�13
1,882,059�41
1,858,744�14
100�47
1,865,599�50
6,855�36
(23,315�27) 2�90% N
--
3�61%
4�17%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CPP0
3�50%
12/15/28
12/15/28
2�33
01/07/26
01/08/26
1,825,000�00 1,823,716�80
1,823,925�08
1,796,983�40
98�46
1,799,775�75
2,792�35
(26,941�68) 2�80% N
--
3�52%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CQE4
3�50%
03/15/29
03/15/29
2�53
03/30/26
03/31/26
2,500,000�00 2,476,367�19
2,478,380�36
2,458,300�78
98�33
2,483,980�13
25,679�35
(20,079�57) 3�87% N
--
3�84%
4�16%
--
AA+
Aa1
UNITED STATES
TREASURY
91282CEM9
2�88%
04/30/29
04/30/29
2�67
03/30/26
03/31/26
2,500,000�00 2,429,296�88
2,435,073�69
2,414,843�75
96�59
2,426,953�13
12,109�38
(20,229�94) 3�78% N
--
3�86%
4�16%
--
AA+
Aa1
US GOV TOTAL 03/29/28
03/29/28
1.65 --
--
51,835,000.00 $51,476,303.14
$51,648,448.92
$51,386,731.84
99.15 $51,790,696.02
$403,964.18
($261,717.08) 80.60% N
--
3.93%
4.14%
--
AA+
Aa1
CORP
ELI LILLY AND CO
532457CJ5
4�50%
01/09/27
02/09/27
0�53
02/07/24
02/09/24
735,000�00 $734,610�45
$734,920�74
$736,511�56
100�21
$749,557�81
$13,046�25
$1,590�82 1�17% Y
01/09/27
4�52%
4�15%
4�10%
AA-
Aa3
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
13 Portfolio Holdings
SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
JOHN DEERE
CAPITAL CORP
24422EWD7
2�35%
03/08/27
03/08/27
0�67
10/11/24
10/15/24
1,125,000�00 1,080,191�25
1,112,182�85
1,111,361�98
98�79
1,119,660�41
8,298�44
(820�88) 1�74% N
--
4�11%
4�15%
--
A
A1
TOYOTA MOTOR
CREDIT CORP
89236TMS1
4�35%
10/08/27
10/08/27
1�21
10/11/24
10/15/24
700,000�00 701,855�00
700,791�10
700,622�66
100�09
707,643�08
7,020�42
(168�44) 1�10% N
--
4�25%
4�27%
--
A+
A1
CATERPILLAR
FINANCIAL
SERVICES CORP
14913UAR1
4�40%
10/15/27
10/15/27
1�23
10/11/24
10/15/24
700,000�00 705,320�00
702,288�33
701,316�31
100�19
707,818�53
6,502�22
(972�02) 1�10% N
--
4�13%
4�24%
--
A
A1
CORP TOTAL 05/27/27
06/04/27
0.88 --
--
3,260,000.00 $3,221,976.70
$3,250,183.02
$3,249,812.51
99.69 $3,284,679.84
$34,867.33
($370.51) 5.11%
--
4.24%
4.20%
4.10%
A+
A1
PORTFOLIO TOTAL 12/13/27
12/13/27
1.61 --
--
64,278,758.68 $63,882,038.52
$64,082,390.62
$63,820,303.03
85.15 $64,259,134.53
$438,831.51
($262,087.60) 100.00%
--
3.39%
4.14%
3.93%
AA+
Aa1
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
14 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
15 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
CATERPILLAR FINANCIAL SERVICES CORP
14913UAR1
10/15/27 700,000�00 $2,566�67 $0�00
$0�00
$0�00 ($145�75) $0�00 $2,420�91 $0�00
$0�00
JOHN DEERE CAPITAL CORP
24422EWD7
03/08/27 1,125,000�00 2,203�13 0�00
0�00
1,538�06 0�00 0�00 3,741�18 0�00
0�00
ELI LILLY AND CO
532457CJ5
02/09/27 735,000�00 2,756�25 0�00
0�00
10�66 0�00 0�00 2,766�91 0�00
0�00
TOYOTA MOTOR CREDIT CORP
89236TMS1
10/08/27 700,000�00 2,537�50 0�00
0�00
0�00 (51�15) 0�00 2,486�35 0�00
0�00
UNITED STATES TREASURY
9128283F5
11/15/27 1,875,000�00 3,439�20 0�00
0�00
2,949�48 0�00 0�00 6,388�68 0�00
0�00
UNITED STATES TREASURY
9128285M8
11/15/28 1,800,000�00 4,585�60 0�00
0�00
717�76 0�00 0�00 5,303�36 0�00
0�00
UNITED STATES TREASURY
91282CEM9
04/30/29 2,500,000�00 5,859�38 0�00
0�00
1,883�74 0�00 0�00 7,743�12 0�00
0�00
UNITED STATES TREASURY
91282CEN7
04/30/27 1,600,000�00 3,586�96 0�00
0�00
2,325�62 0�00 0�00 5,912�58 0�00
0�00
UNITED STATES TREASURY
91282CEW7
06/30/27 1,925,000�00 5,181�92 0�00
0�00
1,477�18 0�00 0�00 6,659�10 31,281�25
0�00
UNITED STATES TREASURY
91282CFH9
08/31/27 1,850,000�00 4,712�98 0�00
0�00
475�99 0�00 0�00 5,188�97 0�00
0�00
UNITED STATES TREASURY
91282CFZ9
11/30/27 1,225,000�00 3,890�88 0�00
0�00
3�29 0�00 0�00 3,894�17 23,734�38
0�00
UNITED STATES TREASURY
91282CGP0
02/29/28 1,420,000�00 4,630�43 0�00
0�00
0�00 (182�43) 0�00 4,448�01 0�00
0�00
UNITED STATES TREASURY
91282CGT2
03/31/28 1,420,000�00 4,219�26 0�00
0�00
208�01 0�00 0�00 4,427�27 0�00
0�00
UNITED STATES TREASURY
91282CHA2
04/30/28 700,000�00 1,997�28 0�00
0�00
67�00 0�00 0�00 2,064�28 0�00
0�00
UNITED STATES TREASURY
91282CHE4
05/31/28 1,925,000�00 5,719�77 0�00
0�00
374�19 0�00 0�00 6,093�97 34,890�63
0�00
UNITED STATES TREASURY
91282CJN2
11/30/28 1,850,000�00 6,634�22 0�00
0�00
0�00 (1,089�22) 0�00 5,545�00 40,468�75
0�00
UNITED STATES TREASURY
91282CKE0
03/15/27 800,000�00 2,771�74 0�00
0�00
255�11 0�00 0�00 3,026�85 0�00
0�00
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
16 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
UNITED STATES TREASURY
91282CKJ9
04/15/27 1,600,000�00 5,901�64 0�00
0�00
192�58 0�00 0�00 6,094�22 0�00
0�00
UNITED STATES TREASURY
91282CKV2
06/15/27 1,925,000�00 7,316�36 0�00
0�00
0�00 (539�35) 0�00 6,777�01 44,515�63
0�00
UNITED STATES TREASURY
91282CKZ3
07/15/27 1,925,000�00 6,979�45 0�00
0�00
0�00 (166�48) 0�00 6,812�97 0�00
0�00
UNITED STATES TREASURY
91282CLX7
11/15/27 2,125,000�00 7,145�89 0�00
0�00
164�14 0�00 0�00 7,310�03 0�00
0�00
UNITED STATES TREASURY
91282CMB4
12/15/27 2,125,000�00 6,985�08 0�00
0�00
353�47 0�00 0�00 7,338�55 42,500�00
0�00
UNITED STATES TREASURY
91282CMF5
01/15/28 1,875,000�00 6,603�94 0�00
0�00
82�92 0�00 0�00 6,686�85 0�00
0�00
UNITED STATES TREASURY
91282CMS7
03/15/28 1,420,000�00 4,485�73 0�00
0�00
0�00 (75�07) 0�00 4,410�66 0�00
0�00
UNITED STATES TREASURY
91282CMW8
04/15/28 2,050,000�00 6,301�23 0�00
0�00
416�53 0�00 0�00 6,717�76 0�00
0�00
UNITED STATES TREASURY
91282CNH0
06/15/28 1,925,000�00 6,129�92 0�00
0�00
0�00 (18�97) 0�00 6,110�95 37,296�88
0�00
UNITED STATES TREASURY
91282CNM9
07/15/28 1,900,000�00 6,101�52 0�00
0�00
0�00 (267�94) 0�00 5,833�58 0�00
0�00
UNITED STATES TREASURY
91282CNP2
07/31/27 1,500,000�00 4,816�99 0�00
0�00
0�00 (364�23) 0�00 4,452�76 0�00
0�00
UNITED STATES TREASURY
91282CNU1
08/15/28 2,900,000�00 8,712�02 0�00
0�00
0�00 (158�07) 0�00 8,553�95 0�00
0�00
UNITED STATES TREASURY
91282CNY3
09/15/28 600,000�00 1,650�82 0�00
0�00
81�53 0�00 0�00 1,732�35 0�00
0�00
UNITED STATES TREASURY
91282CPK1
11/15/28 2,750,000�00 7,846�47 0�00
0�00
59�79 0�00 0�00 7,906�26 0�00
0�00
UNITED STATES TREASURY
91282CPP0
12/15/28 1,825,000�00 5,249�08 0�00
0�00
35�91 0�00 0�00 5,284�99 31,937�50
0�00
UNITED STATES TREASURY
91282CQE4
03/15/29 2,500,000�00 7,133�15 0�00
0�00
656�47 0�00 0�00 7,789�62 0�00
0�00
Cash
CCYUSD
06/30/26 31,281�25 0�00 0�00
0�00
0�00 0�00 0�00 0�00 0�00
0�00
16.B.
June 1 - June 30, 2026
06/01/2026 to 06/30/2026
17 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
BNY MELLON CASH RESERVE USD
X9USDBMCR
06/30/26 9,152,477�43 6�51 0�00
0�00
0�00 0�00 0�00 6�51 6�51
0�00
Portfolio Total 64,278,758.68 $166,658.96 $0.00
$0.00
$14,329.43 ($3,058.67) $0.00 $177,929.72 $286,631.53
$0.00
16.B.