Attachment 1 - Investment Report for September 2023 — Lake Elsinore City Council, January 9, 2024

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account 948,556$ 43,155$ (72,904)$ 918,807$ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 948,556 43,155 (72,904) 921,107

INVESTMENTS
Local Agency Investment Funds 49,450,572 - - 49,450,572 CAMP Investments:

CAMP Pool Account 50,944 - - 50,944 U.S. Treasury Bond / Note 21,635,437 - - 21,635,437 Supra-National Agency Bond / Note 1,133,455 - - 1,133,455 Municipal Bond / Note 1,536,023 - - 1,536,023 Federal Agency Commercial Mortgage-Backed Security 5,284,899 - - 5,284,899 Federal Agency Bond / Note 4,261,710 - - 4,261,710 Corporate Note 11,849,400 - - 11,849,400 Certificate of Deposit 900,000 - - 900,000 Asset-Backed Security 5,290,805 - - 5,290,805 Sub-total Investments 101,393,244 - - 101,393,244 Market Value Adjustment:

Unrealized Gain/(Loss) at 06/30/2023 (2,817,910) - - (2,817,910) Total Investments 98,575,334 - - 98,575,334 Total Pooled Cash and Investments 99,523,890$ 43,155$ (72,904)$ 99,496,441$ TOTAL POOLED CASH AND INVESTMENTS 99,496,441$
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 28, 2022. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures.

Jason P. Simpson December 27, 2023
City Manager Date

C I T Y O F L A K E E L S I N O R E

INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF SEPTEMBER 30, 2023

FUND NO FUND NAME AMOUNT
100 General 11,980,754$
102 Measure Z 16,077,141
104 Traffic Offender 7,500
105 Misc. General Project 58,096
106 Affordable Housing In Lieu 649,074
107 Developer Agreement Revenue 79,145
108 American Rescue Plan 7,096,598
109 Road Maintenance and Rehabilitation (SB1) 392,774
110 State Gas Tax 424,126
112 Measure A 1,227,200
114 SB1186 CASP Education Program 58,189
115 Traffic Safety 13,373
116 City Hall-Public Works DIF 43,800
117 Community Center DIF 189,200
118 Lake Side Facility DIF 311,120
119 Animal Shelter DIF 18,044
121 T.R.I.P.-2014A 503
135 Lighting & Landscape Maintenance - Dist. No. 1 1,063,218 140 Geothermal 11,714
160 PEG Grant 84,155
180 Launch Pointe 856,223
202 La Strada RBBD 23,892
203 E.L.S.P. - S.T.I.F. 3,369,129
205 Traffic Impact Fee 206,904
211 Storm Drain C.I.P. 3,073,070
221 Quimby Park C.I.P. 128,545
231 Library C.I.P. 1,332,634
232 City Fire Protection 622,038
300 Insurance Service 760,139
305 Information Systems Service 2,547,661
310 Support Service 20,041
315 Fleet Service 331,568
320 Facilities Service 2,314,615
331 CFD 2006-1CC Summerly Improvement Area CC 3,428
335 CFD 2003-2E Canyon Hills Improvement Area E 5,473
337 CFD 2016-2 Canyon Hills 4,326
339 CFD 2006-1 IA-KK Summerly Improvement Area 5,555
340 CFD 2006-1 IA-EE Summerly Improvement Area 2,387
345 CFD 2003-2 Improvement Area D, Canyon Hills 17,850
346 CFD 2014-1 Southshore 68,094

C I T Y O F L A K E E L S I N O R E

POOLED CASH AND INVESTMENTS BY FUND
AS OF SEPTEMBER 30, 2023

FUND NO FUND NAME AMOUNT

C I T Y O F L A K E E L S I N O R E

POOLED CASH AND INVESTMENTS BY FUND
AS OF SEPTEMBER 30, 2023
347 CFD 2006-1 Improvement Area A, Summerly 3,273
354 CFD 90-2 Tuscany Hills 3,368
361 CFD 2022-2 Lakeshore Improvement 11,191
362 CFD 2006-8S Running Deer Estates Services 22,339
363 CFD 2022-3 Lakeside 17,093
364 CFD 2023-2 Coastal Mission Trail Improvement 29,898 366 CFD 2005-6 City Center Townhomes 8,095
368 CFD 2006-2 Viscaya 18,604
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 20,899 370 CFD 2006-1 IA-HH Summerly Improvement 7,779
374 CFD 2005-4 Lakeview Villas 45
375 CFD 2006-4 Clurman 2,136
378 CFD 2006-8 Running Deer Estates 1,416
387 CFD 2007-5 Red Kite 1,030
388 CFD 2007-6 Holiday Inn Express 361
500 Capital Improvement Plan 5,577,244
510 Successor To RDA Area I, II, & III 3,694,895
603 Endowment Trust - Carl Graves 59,566
604 Endowment Trust - Korn Memorial 33,662
605 Public Improvement Trust 1,714,488
606 Mobile Source Air Polution Reduction 301,550
608 Trust Deposit & Pre Paid Expense 1,551,919
617 Successor Agency Housing 25,931,764
620 Cost Recovery System 4,462,191
631 Lake Destratification Equipment Replacement 499,135 650 CFD 2003-1 Law & Fire Service 29,641
655 CFD 2015-1s Law, Fire, Paramedic Services 13,567
Total Pooled Cash & Investments 99,496,441$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.05% 50,944$
U.S. Treasury Bond / Note Unlimited 21.34% 21,635,437$
Supra-National Agency Bond / Note 30% 1.12% 1,133,455$
Municipal Bond / Note Unlimited 1.51% 1,536,023$
Federal Agency Collaterized Mortgage Obligation 40% 5.21% 5,284,899$ Federal Agency Bond / Note Unlimited 4.20% (1) 4,261,710$ Corporate Note 30% 11.69% 11,849,400$
Negotiable Certificates of Deposit 30% 0.89% 900,000$
Asset-Backed Security / Collaterized Mortgage 20% 5.22% 5,290,805$ LAIF (Local Agency Investment Funds) $150 Million 48.77% (2) 49,450,572$ TOTAL 100.00% 101,393,244$
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. (2) Investment in LAIF may not exceed $75 million in each agency.

C I T Y O F L A K E E L S I N O R E

SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING SEPTEMBER 30, 2023

Local Agency Investment Fund

Yield Purchase Date Maturity Rate

3.534% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 54,450,572$ (5,000,000)$ 49,450,572$ Note:

Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained.

C I T Y O F L A K E E L S I N O R E

LOCAL AGENCY INVESTMENT FUND

TRANSACTION SUMMARY
FOR THE MONTH ENDING SEPTEMBER 30, 2023
November 3.843
October 3.670
September 3.534
August 3.434
July 3.305**
June 3.167
LAIF Apportionment Rate(2): 3.59
LAIF Earnings Ratio(2): 0.00009812538629360
LAIF Administrative Cost(1)*: 0.29
PMIA Average Life(1): 256
LAIF Fair Value Factor(1): 0.986307739
PMIA Daily(1): 3.48
PMIA Quarter to Date(1): 3.42
Treasuries

60.58%
Agencies

22.04%
Certificates of
Deposit/Bank Notes

8.09%
Time
Deposits

3.28%
Commercial
Paper

5.47%
Corporate
Bonds

0.34%
Loans

0.20%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year. ** Revised
Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 12/20/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 09/30/23
Chart does not include $2,218,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
11/30/23
$159.4 billion

CAMP
Investment Portfolio

For the Month Ending September 30, 2023Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
50,055.18
2,105,312.85
(2,104,424.08)

0.00 $50,943.95
CAMP Pool
Unsettled Trades 0.00
512.46 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
50,366,635.71
2,097,058.50
(2,036,566.86)
(268,825.57)
$50,158,301.78
CAMP Managed Account
Unsettled Trades 0.00
6,891.81 Cash Dividends and Income
September 30, 2023 August 31, 2023
Asset Summary
CAMP Pool 50,943.95 50,055.18
CAMP Managed Account 50,158,301.78 50,366,635.71
$50,209,245.73 $50,416,690.89 Total
Asset Allocation

0.10%
CAMP Pool

99.90%
CAMP Managed
Account

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For the Month Ending September 30, 2023Managed Account Summary Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$50,055.18
2,105,312.85
(2,104,424.08)
$50,943.95
512.46
$50,366,635.71
(320,770.96)
(1,715,795.90)
2,097,058.50

0.00 (268,825.57)
$50,158,301.78
$50,416,690.89
$50,209,245.73
68,233.53
(3,143.33)
(58,198.39)
$6,891.81
250,312.50
1,717,556.60
66,160.33
70,770.96
(2,100,201.83)
(4,598.56)

0.00 Managed Account Total
52,095,010.99 52,145,954.94
274,504.36
1,717,556.60
321,083.46
66,160.33
(2,100,201.83)
(52,088,404.01)
(239,216.32)

0.00 274,504.36
3,821,980.68
321,083.46
66,160.33
(4,205,514.68)
(52,138,459.19)
(239,216.32)
512.46
Total Accrual Basis Earnings $46,493.58 $47,006.04
Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
$0.00 Closing Cash Balance

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For the Month Ending September 30, 2023
Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 23,000,000.00 21,101,316.27 42.02 Supra-National Agency Bond / Note 1,135,000.00 1,100,616.33 2.19 Municipal Bond / Note 1,535,000.00 1,443,996.55 2.88 Federal Agency Commercial
Mortgage-Backed Security
5,394,574.59 5,170,202.36 10.30
Federal Agency Bond / Note 4,275,000.00 4,020,711.38 8.01 Corporate Note 11,840,000.00 11,223,246.14 22.35
Certificate of Deposit 900,000.00 896,305.46 1.79
Asset-Backed Security 5,291,520.16 5,201,907.29 10.36 Managed Account Sub-Total 53,371,094.75 50,158,301.78 99.90% Accrued Interest 274,504.36
Total Portfolio 53,371,094.75 50,432,806.14
CAMP Pool 50,943.95 50,943.95 0.10
Total Investments 53,422,038.70 50,483,750.09 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

10.36%
ABS

1.79%
Cert of Deposit

22.35%
Corporate Note

8.01%
Fed Agy Bond /
Note

10.30%
Federal Agency
Commercial
Mortgage-Backed
Security

0.10%
Joint Powers
Authority

2.88%
Muni Bond / Note

2.19%
Supra-National
Agency Bond / Note

42.02%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

5.45% 5.17%

13.96%

17.37%

42.47%

15.58%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1050

3.18%

5.07%

Page 3 ends

For the Month Ending September 30, 2023
Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Credit Quality (S&P Ratings)

3.85%
A

2.33%
A+

7.52%
A-

3.68%
AA

62.02%
AA+

3.60%
AA-

13.03%
AAA

0.10%
AAAm

1.91%
BBB+

1.96%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
218,228.40 0.43 ABBOTT LABORATORIES
439,967.80 0.88 AMAZON.COM INC
943,235.36 1.88 AMERICAN EXPRESS CO
389,955.60 0.78 AMERICAN HONDA FINANCE
714,374.08 1.42 APPLE INC
598,335.43 1.19 BANK OF AMERICA CO
433,812.75 0.86 BERKSHIRE HATHAWAY INC
222,762.75 0.44 BMW FINANCIAL SERVICES NA LLC
352,721.63 0.70 BRISTOL-MYERS SQUIBB CO
77,511.50 0.15 CALIFORNIA STATE UNIVERSITY
50,943.95 0.10 CAMP Pool
719,555.52 1.43 CAPITAL ONE FINANCIAL CORP
260,928.63 0.52 CARMAX AUTO OWNER TRUST
201,453.30 0.40 CATERPILLAR INC
97,269.00 0.19 CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 377,529.18 0.75 CHARLES SCHWAB
402,783.31 0.80 CHASE ISSURANCE
62,855.52 0.13 CINTAS CORPORATION NO. 2
216,226.35 0.43 CITIGROUP INC
369,412.50 0.74 DEERE & COMPANY
842,855.66 1.68 DISCOVER FINANCIAL SERVICES
2,085,083.50 4.15 FANNIE MAE
462,791.95 0.92 FEDERAL HOME LOAN BANKS
348,795.93 0.69 FIFTH THIRD AUTO TRUST
288,110.90 0.57 FLORIDA STATE BOARD OF ADMIN FIN CORP 127,653.15 0.25 FORD CREDIT AUTO OWNER TRUST
6,643,038.29 13.23 FREDDIE MAC
217,957.95 0.43 GENERAL DYNAMICS CORP
341,372.56 0.68 GM FINANCIAL CONSUMER AUTOMOBILE TRUST 7,888.92 0.02 GM FINANCIAL LEASINGTRUST
393,531.60 0.78 GOLDMAN SACHS GROUP INC
167,816.98 0.33 HARLEY-DAVIDSON MOTORCYCLE TRUST

Page 4 ends

For the Month Ending September 30, 2023Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
24,018.83 0.05 HOME DEPOT INC
401,425.21 0.80 HONDA AUTO RECEIVABLES
98,184.40 0.20 HYUNDAI AUTO RECEIVABLES
218,854.35 0.44 IBM CORP
604,366.33 1.20 INTER-AMERICAN DEVELOPMENT BANK
496,250.00 0.99 INTL BANK OF RECONSTRUCTION AND DEV
471,173.43 0.94 JP MORGAN CHASE & CO
57,955.26 0.12 LOCKHEED MARTIN CORP
129,381.00 0.26 LOS ANGELES COMMUNITY COLLEGE DISTRICT 711,781.50 1.42 MICROSOFT CORP
395,024.00 0.79 MORGAN STANLEY
712,200.25 1.42 NATIONAL AUSTRALIA BANK LTD
371,020.25 0.74 NATIONAL RURAL UTILITIES CO FINANCE CORP 302,487.25 0.60 NEW YORK ST URBAN DEVELOPMENT CORP
307,163.79 0.61 NISSAN AUTO RECEIVABLES
446,455.35 0.89 NORDEA BANK ABP
166,415.38 0.33 PACCAR FINANCIAL CORP
396,635.20 0.79 PNC FINANCIAL SERVICES GROUP
391,038.73 0.78 ROCHE HOLDINGS INC
120,195.40 0.24 SAN JUAN UNIFIED SCHOOL DISTRICT
199,210.00 0.40 STATE OF CALIFORNIA
58,493.40 0.12 STATE OF CONNECTICUT
92,045.00 0.18 STATE OF MINNESOTA
36,091.12 0.07 TARGET CORP
83,239.06 0.17 TEXAS INSTRUMENTS INC
628,378.99 1.25 THE BANK OF NEW YORK MELLON CORPORATION 386,226.80 0.77 THE WALT DISNEY CORPORATION
449,850.11 0.90 TORONTO-DOMINION BANK
777,545.56 1.55 TOYOTA MOTOR CORP
21,101,316.27 42.04 UNITED STATES TREASURY
202,424.63 0.40 UNITEDHEALTH GROUP INC
79,293.10 0.16 UNIVERSITY OF CALIFORNIA
216,345.83 0.43 USAA CAPITAL CORP

Page 5 ends

For the Month Ending September 30, 2023
Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
$50,209,245.73 Total 100.00%

Page 6 ends

For the Month Ending September 30, 2023Managed Account Detail of Securities Held

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
394,062.48 395,091.03 589.67 384,750.00 01/17/2301/13/23AaaAA+ 400,000.00 91282CDV0 4.68

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
382,625.00 407,829.36 1,769.02 427,531.25 08/07/2008/05/20AaaAA+ 400,000.00 912828YY0 0.18

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
137,835.93 148,801.43 94.77 147,093.75 04/05/2104/01/21AaaAA+ 150,000.00 912828ZW3 0.72

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
180,750.00 197,042.89 189.54 194,539.06 11/04/2111/02/21AaaAA+ 200,000.00 91282CBC4 1.05

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
361,500.00 393,344.76 379.07 387,968.75 12/06/2112/02/21AaaAA+ 400,000.00 91282CBC4 1.13

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
67,558.59 72,827.76 235.39 71,458.01 02/14/2202/10/22AaaAA+ 75,000.00 91282CBW0 1.92

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
855,742.14 936,150.36 2,981.66 926,843.75 01/06/2201/04/22AaaAA+ 950,000.00 91282CBW0 1.33

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
178,000.00 184,757.08 210.60 179,007.81 09/06/2209/01/22AaaAA+ 200,000.00 91282CCP4 3.53

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
222,500.00 234,135.98 263.25 226,250.00 05/05/2205/03/22AaaAA+ 250,000.00 91282CCP4 3.03

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
667,500.00 707,752.02 789.74 690,468.75 08/04/2208/01/22AaaAA+ 750,000.00 91282CCP4 2.74

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
712,000.00 752,859.46 842.39 732,343.75 07/08/2207/05/22AaaAA+ 800,000.00 91282CCP4 2.84

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
801,000.00 844,777.28 947.69 819,035.16 06/06/2206/02/22AaaAA+ 900,000.00 91282CCP4 2.94

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
801,000.00 842,481.07 947.69 819,562.50 08/15/2208/08/22AaaAA+ 900,000.00 91282CCP4 3.04

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
229,921.88 233,059.04 1,888.59 228,144.53 11/04/2211/01/22AaaAA+ 250,000.00 912828U24 4.39

Page 7 ends

For the Month Ending September 30, 2023Managed Account Detail of Securities Held

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
896,695.31 920,009.12 7,365.49 907,092.77 01/06/2301/04/23AaaAA+ 975,000.00 912828U24 3.96

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
1,931,343.75 1,984,287.54 15,864.13 1,954,066.41 12/07/2212/05/22AaaAA+ 2,100,000.00 912828U24 3.92

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
8,737,031.25 9,028,727.93 71,766.30 8,922,578.13 01/17/2301/13/23AaaAA+ 9,500,000.00 912828U24 3.72

US TREASURY N/B NOTES
DTD 04/30/2022 2.750% 04/30/2027
1,122,187.44 1,162,337.68 13,809.78 1,155,421.88 02/03/2301/31/23AaaAA+ 1,200,000.00 91282CEN7 3.70

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
349,335.94 363,548.72 1,737.43 362,329.10 05/05/2305/01/23AaaAA+ 375,000.00 91282CFB2 3.62

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
558,937.50 567,630.47 2,779.89 565,640.63 07/07/2307/03/23AaaAA+ 600,000.00 91282CFB2 4.30

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
745,250.00 753,480.86 3,706.52 746,531.25 03/06/2303/02/23AaaAA+ 800,000.00 91282CFB2 4.44

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
768,539.06 789,729.05 3,822.35 786,779.30 06/06/2306/02/23AaaAA+ 825,000.00 91282CFB2 3.97 132,980.96 21,101,316.27 21,920,660.89 3.44 21,635,436.54 23,000,000.00 Security Type Sub-Total Supra-National Agency Bond / Note

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
496,250.00 499,946.99 440.97 498,925.00 11/24/2011/17/20AaaAAA 500,000.00 459058JM6 0.32

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
604,366.33 634,846.51 70.56 634,530.10 09/23/2109/15/21AaaAAA 635,000.00 4581X0DZ8 0.52 511.53 1,100,616.33 1,134,793.50 0.43 1,133,455.10 1,135,000.00 Security Type Sub-Total Municipal Bond / Note

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
58,493.40 60,000.00 299.70 60,000.00 06/11/2005/29/20Aa3AA- 60,000.00 20772KJW0 2.00

Page 8 ends

For the Month Ending September 30, 2023Managed Account Detail of Securities Held

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
97,269.00 100,000.00 350.17 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
302,487.25 325,000.00 125.67 325,000.00 12/23/2012/16/20NRNR 325,000.00 650036DT0 0.87

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
79,293.10 85,000.00 283.54 85,000.00 07/16/2007/10/20Aa2AA 85,000.00 91412HGE7 0.88

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
60,410.35 65,167.90 204.42 65,459.55 09/16/2009/03/20Aa3AA 65,000.00 341271AD6 1.11

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
78,998.15 85,205.89 267.32 85,563.55 09/16/2009/03/20Aa3AA 85,000.00 341271AD6 1.12

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
148,702.40 160,000.00 503.20 160,000.00 09/16/2009/03/20Aa3AA 160,000.00 341271AD6 1.26

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
92,045.00 100,000.00 105.00 100,000.00 08/25/2008/11/20AaaAAA 100,000.00 60412AVJ9 0.63

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
120,195.40 130,000.00 184.60 130,000.00 10/29/2010/16/20Aa2NR 130,000.00 798306WP7 0.85

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
129,381.00 140,000.00 180.37 140,000.00 11/10/2010/30/20AaaAA+ 140,000.00 54438CYK2 0.77

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
77,511.50 85,000.00 305.29 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
199,210.00 200,000.00 807.67 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85 3,616.95 1,443,996.55 1,535,373.79 1.59 1,536,023.10 1,535,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
242,336.21 253,088.47 637.92 262,382.81 03/25/2003/19/20AaaAA+ 250,000.00 3137BGK24 1.95 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
259,884.21 265,562.67 629.06 263,613.28 04/14/2304/11/23AaaAA+ 275,000.00 3137BNGT5 4.37

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For the Month Ending September 30, 2023Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
511,969.52 530,140.21 1,215.96 526,839.84 04/12/2304/06/23AaaAA+ 550,000.00 3137BSP72 4.02 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
359,902.80 369,512.83 1,059.88 368,303.13 05/24/2305/19/23AaaAA+ 380,000.00 3137BTUM1 4.31 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
516,090.58 519,867.89 1,477.67 518,804.69 08/18/2308/16/23AaaAA+ 550,000.00 3137BXQY1 4.98

FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
515,055.44 528,853.34 1,486.38 527,033.20 06/13/2306/08/23AaaAA+ 550,000.00 3137F1G44 4.44 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
431,373.87 439,564.02 1,749.87 439,563.61 07/27/2307/19/23AaaAA+ 439,574.59 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
539,882.46 555,267.86 2,208.71 555,493.40 07/20/2307/13/23AaaAA+ 550,000.00 3137HACX2 4.59 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
525,507.52 540,997.48 1,920.42 540,675.78 07/31/2307/18/23AaaAA+ 550,000.00 3136BQDE6 4.58 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
777,256.33 788,268.43 3,100.00 788,165.60 09/14/2309/07/23AaaAA+ 800,000.00 3137HAMH6 4.99 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
490,943.42 494,032.79 2,000.00 494,023.50 09/28/2309/20/23AaaAA+ 500,000.00 3137HAMS2 5.07 17,485.87 5,170,202.36 5,285,155.99 4.52 5,284,898.84 5,394,574.59 Security Type Sub-Total Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
324,319.45 324,983.39 186.20 323,787.75 10/16/2010/14/20AaaAA+ 325,000.00 3137EAEY1 0.25

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
348,282.55 349,989.65 352.43 349,685.00 11/05/2011/03/20AaaAA+ 350,000.00 3137EAEZ8 0.28

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
322,413.98 324,980.75 279.86 324,629.50 11/25/2011/23/20AaaAA+ 325,000.00 3135G06H1 0.29

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For the Month Ending September 30, 2023Managed Account Detail of Securities Held

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
297,312.90 299,982.64 243.75 299,703.00 12/04/2012/02/20AaaAA+ 300,000.00 3137EAFA2 0.28

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
325,665.55 349,466.07 811.81 348,264.00 04/16/2004/15/20AaaAA+ 350,000.00 3130AJHU6 0.60

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
325,922.10 349,775.08 966.15 349,279.00 04/24/2004/22/20AaaAA+ 350,000.00 3135G03U5 0.67

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
390,072.65 424,235.32 309.90 422,883.50 07/23/2007/21/20AaaAA+ 425,000.00 3137EAEU9 0.48

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
319,979.10 349,376.77 131.25 348,362.00 08/27/2008/25/20AaaAA+ 350,000.00 3135G05X7 0.47

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
137,126.40 149,825.84 42.19 149,550.00 09/11/2009/10/20AaaAA+ 150,000.00 3130AK5E2 0.44

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
638,355.90 699,164.82 58.33 697,893.00 09/25/2009/23/20AaaAA+ 700,000.00 3137EAEX3 0.44

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
591,260.80 649,018.60 1,300.00 647,673.00 11/12/2011/09/20AaaAA+ 650,000.00 3135G06G3 0.57 4,681.87 4,020,711.38 4,270,798.93 0.44 4,261,709.75 4,275,000.00 Security Type Sub-Total Corporate Note

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
396,635.20 400,133.40 2,644.44 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
102,519.48 104,991.90 28.44 104,947.50 03/18/2103/16/21A2A- 105,000.00 808513BN4 0.77

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
203,806.89 209,957.36 452.08 209,775.30 04/26/2104/19/21A1A 210,000.00 06406RAS6 0.54

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
395,024.00 402,775.70 6,544.44 422,916.00 07/23/1907/19/19A1A- 400,000.00 61746BDQ6 2.59

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For the Month Ending September 30, 2023Managed Account Detail of Securities Held

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
389,955.60 399,703.88 2,506.67 398,016.00 07/15/1907/11/19A3A- 400,000.00 02665WCZ2 2.51

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
393,531.60 402,042.75 3,550.56 418,632.00 07/11/1907/08/19A2BBB+ 400,000.00 38141EC23 2.84

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
67,029.20 69,998.18 71.46 69,993.70 08/12/2108/09/21A2A 70,000.00 05565EBU8 0.75

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
386,226.80 399,700.50 602.78 398,368.00 09/06/1909/03/19A2A- 400,000.00 254687FK7 1.84

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
166,415.38 177,498.24 481.25 182,894.25 10/29/2010/22/20A1A+ 175,000.00 69371RQ66 0.73

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
76,009.76 79,961.66 135.00 79,919.20 03/04/2203/01/22A2BBB+ 80,000.00 025816CQ0 2.29

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
391,038.73 410,000.00 509.90 410,000.00 03/10/2203/03/22Aa2AA 410,000.00 771196BT8 2.13

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
24,018.83 24,977.93 311.25 24,956.25 03/28/2203/24/22A2A 25,000.00 437076CM2 2.76

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
216,226.35 233,357.88 3,176.25 249,738.75 09/01/2008/28/20A3BBB+ 225,000.00 172967JP7 0.88 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
62,855.52 64,992.44 934.38 64,985.70 05/03/2204/26/22A3A- 65,000.00 17252MAP5 3.46

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
216,345.83 224,602.93 3,164.06 224,264.25 05/26/2205/23/22Aa1AA 225,000.00 90327QD89 3.49

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For the Month Ending September 30, 2023Managed Account Detail of Securities Held

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
217,957.95 234,003.37 2,975.00 252,247.50 10/20/2010/16/20A3A- 225,000.00 369550BG2 0.80

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
304,504.83 315,000.00 865.20 315,000.00 06/01/2105/24/21A1A- 315,000.00 46647PCH7 0.82

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
439,967.80 474,922.03 1,245.56 474,767.25 06/05/2006/03/20A1AA 475,000.00 023135BQ8 0.81

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
241,655.75 250,000.00 2,722.22 250,000.00 06/09/2205/31/22Aa3AA- 250,000.00 63254ABD9 3.50

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
48,161.00 49,992.61 507.92 49,986.50 05/04/2204/27/22A2A- 50,000.00 63743HFE7 3.46

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
218,854.35 225,000.00 1,600.00 225,000.00 07/27/2207/20/22A3A- 225,000.00 459200KS9 4.00

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
218,050.88 236,834.75 1,453.13 256,918.50 08/20/2008/18/20A1A- 225,000.00 06051GFS3 0.93

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
218,228.40 236,890.03 387.50 257,845.50 09/28/2009/24/20Aa3AA- 225,000.00 002824BM1 0.86

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
212,653.58 225,000.00 1,099.69 225,000.00 12/06/2112/01/21A1A- 225,000.00 06051GKE8 1.53

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
166,668.60 175,000.00 466.74 175,000.00 02/24/2202/16/22A1A- 175,000.00 46647PCV6 2.60

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
202,424.63 224,794.37 977.50 224,608.50 05/19/2105/17/21A2A+ 225,000.00 91324PEC2 1.19

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For the Month Ending September 30, 2023Managed Account Detail of Securities Held

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
155,733.55 174,969.86 297.74 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
201,453.30 224,254.36 881.88 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
36,091.12 39,955.02 164.67 39,932.00 01/24/2201/19/22A2A 40,000.00 87612EBM7 1.99

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
424,572.10 474,298.73 1,758.16 473,945.50 01/28/2201/26/22A1A 475,000.00 06406RBA4 2.10

MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
711,781.50 725,849.24 3,781.25 721,942.50 03/17/2303/14/23AaaAAA 750,000.00 594918BY9 4.36

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
271,137.90 281,078.19 573.75 277,203.00 01/18/2301/13/23A2BBB+ 300,000.00 025816CS6 4.59

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
433,812.75 468,839.49 485.56 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
275,009.70 287,147.53 4,950.00 284,925.00 02/22/2302/17/23A2A- 300,000.00 808513BW4 4.66

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.905% 06/09/2027
470,544.50 490,189.50 6,074.44 488,325.00 01/18/2301/13/23Aa3AA- 500,000.00 63254ABE7 4.50

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
714,374.08 746,094.20 1,186.18 741,062.75 01/23/2301/19/23AaaAA+ 775,000.00 037833DB3 3.94

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 01/12/2023 4.625% 01/12/2028
365,781.00 376,116.21 3,805.99 376,282.50 02/10/2302/08/23A1A+ 375,000.00 89236TKQ7 4.55

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For the Month Ending September 30, 2023Managed Account Detail of Securities Held

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
322,859.25 331,728.61 1,785.00 329,189.00 02/22/2302/17/23A1A- 350,000.00 637432NP6 4.76

TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
83,239.06 86,880.22 499.61 87,043.40 05/18/2305/11/23Aa3A+ 85,000.00 882508BV5 4.04

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028
352,721.63 360,136.73 1,665.63 358,263.75 03/13/2303/09/23A2A+ 375,000.00 110122DE5 4.93

LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
57,955.26 59,899.67 934.50 59,892.00 05/25/2305/23/23A2A- 60,000.00 539830BZ1 4.49

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 07/14/2023 4.950% 07/14/2028
369,412.50 377,757.72 3,970.31 377,865.00 07/25/2307/21/23A2A 375,000.00 24422EXB0 4.78 72,228.09 11,223,246.14 11,757,327.19 2.88 11,849,400.30 11,840,000.00 Security Type Sub-Total Certificate of Deposit

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
449,850.11 450,000.00 23,450.00 450,000.00 10/31/2210/27/22A1A 450,000.00 89115B6K1 5.58

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
446,455.35 450,000.00 10,230.50 450,000.00 11/03/2211/02/22Aa3AA- 450,000.00 65558UYF3 5.53 33,680.50 896,305.46 900,000.00 5.56 900,000.00 900,000.00 Security Type Sub-Total Asset-Backed Security
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
7,888.92 7,905.40 0.99 7,905.00 05/26/2105/18/21NRAAA 7,905.67 380144AD7 0.41 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
31,940.46 32,581.93 5.50 32,580.04 04/28/2104/20/21NRAAA 32,583.46 44933LAC7 0.38

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For the Month Ending September 30, 2023Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
169,532.87 174,779.21 25.63 174,777.64 06/23/2106/15/21AaaAAA 174,780.61 65480BAC1 0.33 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
171,214.08 176,051.93 20.34 176,042.09 06/14/2106/08/21NRAAA 176,061.06 89190GAC1 0.26 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
82,427.16 85,703.89 20.95 85,695.85 11/24/2111/16/21AaaNR 85,713.92 43815GAC3 0.89 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
55,915.79 57,628.25 13.32 57,621.95 04/21/2104/13/21NRAAA 57,634.38 14314QAC8 0.52 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
66,243.94 68,540.46 22.55 68,534.09 11/17/2111/09/21NRAAA 68,549.39 44935FAD6 0.75 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
185,495.58 194,975.14 50.27 194,958.25 09/27/2109/20/21AaaAAA 195,000.00 254683CP8 0.58 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
70,371.69 73,290.54 20.77 73,289.79 10/21/2110/13/21AaaAAA 73,291.67 362554AC1 0.68 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
205,012.84 209,996.30 370.53 209,995.04 07/20/2207/12/22NRAAA 210,000.00 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
137,630.92 139,977.33 277.51 139,971.03 09/28/2209/20/22AaaAAA 140,000.00 65480JAC4 4.46 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
271,000.87 274,963.95 552.29 274,954.93 10/12/2210/04/22NRAAA 275,000.00 36265QAD8 4.82 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
240,550.48 244,999.90 504.16 244,999.88 01/30/2301/24/23NRAAA 245,000.00 891940AC2 4.63 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
241,607.22 244,968.62 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
167,816.98 169,985.02 381.56 169,982.88 02/23/2302/13/23AaaNR 170,000.00 41285JAD0 5.05 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
127,653.15 129,987.84 268.67 129,986.44 03/31/2303/28/23NRAAA 130,000.00 344928AD8 4.65

Page 16 ends

For the Month Ending September 30, 2023Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
318,998.05 319,935.63 625.16 319,934.02 08/22/2308/15/23NRAAA 320,000.00 43815QAC1 5.42 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
311,577.09 319,983.22 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
167,630.97 169,963.80 361.91 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
187,483.34 189,984.17 411.24 189,983.15 06/14/2306/07/23NRAAA 190,000.00 02582JJZ4 4.87 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
477,948.30 489,895.67 962.58 489,887.64 05/24/2305/17/23NRAAA 490,000.00 14041NGD7 4.43 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
345,782.99 349,955.20 766.89 349,952.72 06/28/2306/21/23AaaAAA 350,000.00 254683CZ6 4.93 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
348,795.93 349,978.77 860.22 349,978.30 08/23/2308/15/23AaaAAA 350,000.00 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
402,783.31 404,887.68 928.80 404,887.73 09/15/2309/07/23NRAAA 405,000.00 161571HT4 5.17 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
408,604.36 409,980.85 714.77 409,981.67 09/19/2309/12/23NRAAA 410,000.00 02582JKD1 5.23 9,318.59 5,201,907.29 5,290,900.70 4.17 5,290,804.64 5,291,520.16 Security Type Sub-Total 53,371,094.75 51,891,728.27 3.18 274,504.36 52,095,010.99 50,158,301.78 Managed Account Sub-Total Joint Powers Authority
CAMP Pool 50,943.95 50,943.95 0.00 50,943.95 NRAAAm 50,943.95 50,943.95 50,943.95 0.00 50,943.95 50,943.95 Liquid Sub-Total

Page 17 ends

For the Month Ending September 30, 2023
Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
$53,422,038.70 $51,942,672.22 $274,504.36 $52,145,954.94 $50,209,245.73 3.18% $50,483,750.09
$274,504.36
Total Investments
Accrued Interest
Securities Sub-Total

Page 18 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(1,028.55) 9,312.48 394,062.48 98.52 CITIGRP 400,000.00 91282CDV0US TREASURY N/B NOTES DTD 01/31/2022 0.875% 01/31/2024

5.39 0.34
(25,204.36)(44,906.25) 382,625.00 95.66 WELLS_F 400,000.00 912828YY0US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024

5.39 1.24
(10,965.50)(9,257.82) 137,835.93 91.89 GOLDMAN 150,000.00 912828ZW3US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025

5.16 1.75
(16,292.89)(13,789.06) 180,750.00 90.38 BNP_PAR 200,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.95 2.24
(31,844.76)(26,468.75) 361,500.00 90.38 CITIGRP 400,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.95 2.24
(5,269.17)(3,899.42) 67,558.59 90.08 BMO 75,000.00 91282CBW0US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026

4.88 2.56
(80,408.22)(71,101.61) 855,742.14 90.08 CITIGRP 950,000.00 91282CBW0US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026

4.88 2.56
(6,757.08)(1,007.81) 178,000.00 89.00 BMO 200,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.82 2.81
(11,635.98)(3,750.00) 222,500.00 89.00 HSBC 250,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.82 2.81
(40,252.02)(22,968.75) 667,500.00 89.00 BMO 750,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.82 2.81
(40,859.46)(20,343.75) 712,000.00 89.00 HSBC 800,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.82 2.81
(43,777.28)(18,035.16) 801,000.00 89.00 MERRILL 900,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.82 2.81
(41,481.07)(18,562.50) 801,000.00 89.00 BMO 900,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.82 2.81
(3,137.16) 1,777.35 229,921.88 91.97 BMO 250,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.80 3.02
(23,313.81)(10,397.46) 896,695.31 91.97 BMO 975,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.80 3.02
(52,943.79)(22,722.66) 1,931,343.75 91.97 HSBC 2,100,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.80 3.02
(291,696.68)(185,546.88) 8,737,031.25 91.97 JPM_CHA 9,500,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.80 3.02

Page 19 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(40,150.24)(33,234.44) 1,122,187.44 93.52 BNP_PAR 1,200,000.00 91282CEN7US TREASURY N/B NOTES DTD 04/30/2022 2.750% 04/30/2027

4.74 3.39
(14,212.78)(12,993.16) 349,335.94 93.16 MORGAN_ 375,000.00 91282CFB2US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027

4.72 3.64
(8,692.97)(6,703.13) 558,937.50 93.16 CITIGRP 600,000.00 91282CFB2US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027

4.72 3.64
(8,230.86)(1,281.25) 745,250.00 93.16 BMO 800,000.00 91282CFB2US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027

4.72 3.64
(21,189.99)(18,240.24) 768,539.06 93.16 HSBC 825,000.00 91282CFB2US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027

4.72 3.64
(534,120.27) 4.82 (819,344.62) 21,101,316.27 23,000,000.00 Security Type Sub-Total 2.95 Supra-National Agency Bond / Note
(3,696.99)(2,675.00) 496,250.00 99.25 TD 500,000.00 459058JM6INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023

5.29 0.16
(30,480.18)(30,163.77) 604,366.33 95.18 JPM_CHA 635,000.00 4581X0DZ8INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024

5.63 0.98
(32,838.77) 5.48 (34,177.17) 1,100,616.33 1,135,000.00 Security Type Sub-Total 0.61 Municipal Bond / Note
(1,506.60)(1,506.60) 58,493.40 97.49 SIEBERT 60,000.00 20772KJW0CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024

5.44 0.75
(2,731.00)(2,731.00) 97,269.00 97.27 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024

5.48 0.83
(22,512.75)(22,512.75) 302,487.25 93.07 WELLS_F 325,000.00 650036DT0NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025

5.90 1.45
(5,706.90)(5,706.90) 79,293.10 93.29 04/15/25JPM_CHA 85,000.00 91412HGE7UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025

5.25 1.53
(4,757.55)(5,049.20) 60,410.35 92.94 MERRILL 65,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.54 1.74
(6,207.74)(6,565.40) 78,998.15 92.94 MERRILL 85,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.54 1.74

Page 20 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Municipal Bond / Note
(11,297.60)(11,297.60) 148,702.40 92.94 MERRILL 160,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.54 1.74
(7,955.00)(7,955.00) 92,045.00 92.05 MORGAN_ 100,000.00 60412AVJ9MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025

5.23 1.83
(9,804.60)(9,804.60) 120,195.40 92.46 KEYBANC 130,000.00 798306WP7SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025

5.21 1.83
(10,619.00)(10,619.00) 129,381.00 92.42 MERRILL 140,000.00 54438CYK2LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025

5.15 1.83
(7,488.50)(7,488.50) 77,511.50 91.19 JPM_CHA 85,000.00 13077DQD7CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025

5.38 2.07
(790.00)(790.00) 199,210.00 99.61 WELLS_F 200,000.00 13063D3N6CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027

4.97 3.18
(92,026.55) 5.42 (91,377.24) 1,443,996.55 1,535,000.00 Security Type Sub-Total 1.80 Federal Agency Commercial Mortgage-Backed Security
(10,752.26)(20,046.60) 242,336.21 96.93 CITIGRP 250,000.00 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024

5.78 1.11
(5,678.46)(3,729.07) 259,884.21 94.50 BAIRD 275,000.00 3137BNGT5FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026

5.34 2.08
(18,170.69)(14,870.32) 511,969.52 93.09 BREAN 550,000.00 3137BSP72FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026

5.28 2.69
(9,610.03)(8,400.33) 359,902.80 94.71 CITIGRP 380,000.00 3137BTUM1FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026

5.21 2.77
(3,777.31)(2,714.11) 516,090.58 93.83 MORGAN_ 550,000.00 3137BXQY1FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027

5.20 3.07
(13,797.90)(11,977.76) 515,055.44 93.65 CITIGRP 550,000.00 3137F1G44FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027

5.23 3.21
(8,190.15)(8,189.74) 431,373.87 98.13 JPM_CHA 439,574.59 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028

5.23 3.29
(15,385.40)(15,610.94) 539,882.46 98.16 JPM_CHA 550,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028

5.26 4.05
(15,489.96)(15,168.26) 525,507.52 95.55 JPM_CHA 550,000.00 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028

5.25 4.21

Page 21 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Federal Agency Commercial Mortgage-Backed Security
(11,012.10)(10,909.27) 777,256.33 97.16 WELLS_F 800,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028

5.32 4.19
(3,089.37)(3,080.08) 490,943.42 98.19 MERRILL 500,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028

5.22 4.23
(114,696.48) 5.28 (114,953.63) 5,170,202.36 5,394,574.59 Security Type Sub-Total 3.40 Federal Agency Bond / Note
(663.94) 531.70 324,319.45 99.79 WELLS_F 325,000.00 3137EAEY1FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023

4.84 0.05
(1,707.10)(1,402.45) 348,282.55 99.51 CITIGRP 350,000.00 3137EAEZ8FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023

5.18 0.10
(2,566.77)(2,215.52) 322,413.98 99.20 NOMURA 325,000.00 3135G06H1FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023

5.31 0.16
(2,669.74)(2,390.10) 297,312.90 99.10 CITIGRP 300,000.00 3137EAFA2FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023

5.33 0.18
(23,800.52)(22,598.45) 325,665.55 93.05 CITIGRP 350,000.00 3130AJHU6FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025

5.26 1.53
(23,852.98)(23,356.90) 325,922.10 93.12 CITIGRP 350,000.00 3135G03U5FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025

5.27 1.55
(34,162.67)(32,810.85) 390,072.65 91.78 WELLS_F 425,000.00 3137EAEU9FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025

5.19 1.81
(29,397.67)(28,382.90) 319,979.10 91.42 BARCLAY 350,000.00 3135G05X7FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025

5.17 1.90
(12,699.44)(12,423.60) 137,126.40 91.42 WELLS_F 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025

5.11 1.92
(60,808.92)(59,537.10) 638,355.90 91.19 CITIGRP 700,000.00 3137EAEX3FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025

5.11 1.98
(57,757.80)(56,412.20) 591,260.80 90.96 BARCLAY 650,000.00 3135G06G3FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025

5.09 2.09
(240,998.37) 5.16 (250,087.55) 4,020,711.38 4,275,000.00 Security Type Sub-Total 1.30 Corporate Note

Page 22 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(3,498.20)(6,212.80) 396,635.20 99.16 12/23/23CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024

6.19 0.24
(2,472.42)(2,428.02) 102,519.48 97.64 02/18/24CSFB 105,000.00 808513BN4CHARLES SCHWAB CORP NOTES (CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

5.95 0.39
(6,150.47)(5,968.41) 203,806.89 97.05 03/26/24JPM_CHA 210,000.00 06406RAS6BANK OF NY MELLON CORP NOTES (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

5.81 0.49
(7,751.70)(27,892.00) 395,024.00 98.76 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024

6.08 0.57
(9,748.28)(8,060.40) 389,955.60 97.49 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024

5.90 0.74
(8,511.15)(25,100.40) 393,531.60 98.38 04/08/24SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC (CALLABLE) BONDS
DTD 07/08/2014 3.850% 07/08/2024

6.01 0.52
(2,968.98)(2,964.50) 67,029.20 95.76 GOLDMAN 70,000.00 05565EBU8BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024

5.84 0.87
(13,473.70)(12,141.20) 386,226.80 96.56 07/30/24JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024

5.66 0.83
(11,082.86)(16,478.87) 166,415.38 95.09 MERRILL 175,000.00 69371RQ66PACCAR FINANCIAL CORP CORPORATE NOTES
DTD 02/06/2020 1.800% 02/06/2025

5.62 1.34
(3,951.90)(3,909.44) 76,009.76 95.01 02/01/25BARCLAY 80,000.00 025816CQ0AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

5.94 1.32
(18,961.27)(18,961.27) 391,038.73 95.38 02/10/25DEUTSCH 410,000.00 771196BT8ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025

5.51 1.35
(959.10)(937.42) 24,018.83 96.08 03/15/25MORGAN_ 25,000.00 437076CM2HOME DEPOT INC (CALLABLE) CORPORATE NOTE
DTD 03/28/2022 2.700% 04/15/2025

5.39 1.42
(17,131.53)(33,512.40) 216,226.35 96.10 MKTX 225,000.00 172967JP7CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025

5.93 1.53

Page 23 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(2,136.92)(2,130.18) 62,855.52 96.70 04/01/25KEYBANC 65,000.00 17252MAP5CINTAS CORPORATION NO. 2 CORP NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025

5.65 1.46
(8,257.10)(7,918.42) 216,345.83 96.15 MERRILL 225,000.00 90327QD89USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025

5.95 1.54
(16,045.42)(34,289.55) 217,957.95 96.87 03/15/25JPM_CHA 225,000.00 369550BG2GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025

5.54 1.42
(10,495.17)(10,495.17) 304,504.83 96.67 06/01/24JPM_CHA 315,000.00 46647PCH7JPMORGAN CHASE & CO (CALLABLE) CORP NOTE
DTD 06/01/2021 0.824% 06/01/2025

2.88 0.67
(34,954.23)(34,799.45) 439,967.80 92.62 05/03/25GOLDMAN 475,000.00 023135BQ8AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025

5.47 1.58
(8,344.25)(8,344.25) 241,655.75 96.66 CITIGRP 250,000.00 63254ABD9NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025

5.59 1.64
(1,831.61)(1,825.50) 48,161.00 96.32 RBC 50,000.00 63743HFE7NATIONAL RURAL UTIL COOP CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025

5.74 1.66
(6,145.65)(6,145.65) 218,854.35 97.27 JPM_CHA 225,000.00 459200KS9IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025

5.59 1.77
(18,783.87)(38,867.62) 218,050.88 96.91 MERRILL 225,000.00 06051GFS3BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025

5.67 1.78
(18,661.63)(39,617.10) 218,228.40 96.99 06/15/25US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025

5.52 1.67
(12,346.42)(12,346.42) 212,653.58 94.51 12/06/24MERRILL 225,000.00 06051GKE8BANK OF AMERICA CORP NOTES (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

4.19 1.17
(8,331.40)(8,331.40) 166,668.60 95.24 02/24/25JPM_CHA 175,000.00 46647PCV6JPMORGAN CHASE & CO CORP NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

4.72 1.38

Page 24 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(22,369.74)(22,183.87) 202,424.63 89.97 04/15/26CITIGRP 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

5.29 2.50
(19,236.31)(19,213.95) 155,733.55 88.99 07/12/26MITSU 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026

5.45 2.74
(22,801.06)(22,410.45) 201,453.30 89.53 JPM_CHA 225,000.00 14913R2U0CATERPILLAR FINL SERVICE CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027

5.22 3.18
(3,863.90)(3,840.88) 36,091.12 90.23 12/15/26CITIGRP 40,000.00 87612EBM7TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

5.22 3.11
(49,726.63)(49,373.40) 424,572.10 89.38 12/26/26DEUTSCH 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

5.60 3.13
(14,067.74)(10,161.00) 711,781.50 94.90 11/06/26GOLDMAN 750,000.00 594918BY9MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027

4.97 2.96
(9,940.29)(6,065.10) 271,137.90 90.38 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

5.68 3.21
(35,026.74)(32,276.25) 433,812.75 91.33 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY CORP NOTES (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

5.06 3.26
(12,137.83)(9,915.30) 275,009.70 91.67 01/01/27BARCLAY 300,000.00 808513BW4CHARLES SCHWAB CORP NOTES (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

5.97 3.05
(19,645.00)(17,780.50) 470,544.50 94.11 CBAA 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.905% 06/09/2027

5.69 3.43
(31,720.12)(26,688.67) 714,374.08 92.18 06/12/27TD 775,000.00 037833DB3APPLE INC (CALLABLE) BONDS DTD 09/12/2017 2.900% 09/12/2027

5.11 3.52
(10,335.21)(10,501.50) 365,781.00 97.54 WELLS_F 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP

CORPORATE NOTES
DTD 01/12/2023 4.625% 01/12/2028

5.27 3.89

Page 25 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(8,869.36)(6,329.75) 322,859.25 92.25 11/07/27MORGAN_ 350,000.00 637432NP6NATIONAL RURAL UTIL COOP CORP NOTES (CAL
DTD 02/07/2018 3.400% 02/07/2028

5.42 3.83
(3,641.16)(3,804.34) 83,239.06 97.93 01/15/28JPM_CHA 85,000.00 882508BV5TEXAS INSTRUMENTS INC CORP NOTE (CALLABL
DTD 11/18/2022 4.600% 02/15/2028

5.13 3.92
(7,415.10)(5,542.12) 352,721.63 94.06 11/20/27MKTX 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL
DTD 07/15/2020 3.900% 02/20/2028

5.44 3.84
(1,944.41)(1,936.74) 57,955.26 96.59 04/15/28BARCLAY 60,000.00 539830BZ1LOCKHEED MARTIN CORP NOTES (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028

5.29 4.16
(8,345.22)(8,452.50) 369,412.50 98.51 CITIGRP 375,000.00 24422EXB0JOHN DEERE CAPITAL CORP CORPORATE NOTES
DTD 07/14/2023 4.950% 07/14/2028

5.30 4.28
(626,154.16) 5.44 (534,081.05) 11,223,246.14 11,840,000.00 Security Type Sub-Total 2.21 Certificate of Deposit
(149.89)(149.89) 449,850.11 99.97 TD 450,000.00 89115B6K1TORONTO DOMINION BANK NY CERT DEPOS
DTD 10/31/2022 5.600% 10/27/2025

5.59 2.77
(3,544.65)(3,544.65) 446,455.35 99.21 WELLS_F 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025

5.93 1.96
(3,694.54) 5.76 (3,694.54) 896,305.46 900,000.00 Security Type Sub-Total 2.37 Asset-Backed Security
(16.48)(16.08) 7,888.92 99.79 SOCGEN 7,905.67 380144AD7GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025

0.54 0.06
(641.47)(639.58) 31,940.46 98.03 BARCLAY 32,583.46 44933LAC7HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025

1.40 0.37

Page 26 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
(5,246.34)(5,244.77) 169,532.87 97.00 MITSU 174,780.61 65480BAC1NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025

1.83 0.51
(4,837.85)(4,828.01) 171,214.08 97.25 CITIGRP 176,061.06 89190GAC1TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025

1.57 0.51
(3,276.73)(3,268.69) 82,427.16 96.17 MERRILL 85,713.92 43815GAC3HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026

2.59 0.72
(1,712.46)(1,706.16) 55,915.79 97.02 MERRILL 57,634.38 14314QAC8CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026

1.80 0.52
(2,296.52)(2,290.15) 66,243.94 96.64 SMBC 68,549.39 44935FAD6HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026

2.06 0.65
(9,479.56)(9,462.67) 185,495.58 95.13 CITIGRP 195,000.00 254683CP8DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026

2.29 0.94
(2,918.85)(2,918.10) 70,371.69 96.02 JPM_CHA 73,291.67 362554AC1GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026

2.07 0.75
(4,983.46)(4,982.20) 205,012.84 97.63 RBC 210,000.00 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.70 1.22
(2,346.41)(2,340.11) 137,630.92 98.31 WELLS_F 140,000.00 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.97 1.50
(3,963.08)(3,954.06) 271,000.87 98.55 RBC 275,000.00 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

5.24 1.45
(4,449.42)(4,449.40) 240,550.48 98.18 MERRILL 245,000.00 891940AC2TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027

5.14 1.73
(3,361.40)(3,354.34) 241,607.22 98.62 RBC 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027

5.33 1.90
(2,168.04)(2,165.90) 167,816.98 98.72 JPM_CHA 170,000.00 41285JAD0HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027

5.39 1.47
(2,334.69)(2,333.29) 127,653.15 98.19 BNP_PAR 130,000.00 344928AD8FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028

5.11 1.74
(937.58)(935.97) 318,998.05 99.69 MERRILL 320,000.00 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028

5.49 2.08
(8,406.13)(8,404.35) 311,577.09 97.37 RBC 320,000.00 254683CY9DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028

4.97 2.27
(2,332.83)(2,330.54) 167,630.97 98.61 MERRILL 170,000.00 05522RDG0BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028

5.13 2.46

Page 27 ends

For the Month Ending September 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
(2,500.83)(2,499.81) 187,483.34 98.68 RBC 190,000.00 02582JJZ4AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028

5.19 2.41
(11,947.37)(11,939.34) 477,948.30 97.54 RBC 490,000.00 14041NGD7COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028

5.02 2.42
(4,172.21)(4,169.73) 345,782.99 98.80 MERRILL 350,000.00 254683CZ6DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028

5.22 2.47
(1,182.84)(1,182.37) 348,795.93 99.66 JPM_CHA 350,000.00 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028

5.61 2.14
(2,104.37)(2,104.42) 402,783.31 99.45 JPM_CHA 405,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028

5.29 2.68
(1,376.49)(1,377.31) 408,604.36 99.66 CITIGRP 410,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028

5.31 2.68
(88,897.35) 4.69 (88,993.41) 5,201,907.29 5,291,520.16 Security Type Sub-Total 1.90 53,371,094.75 50,158,301.78 (1,733,426.49) (1,936,709.21) 5.07 Managed Account Sub-Total 2.49 Joint Powers Authority

0.00 0.00 50,943.95 1.00 50,943.95 CAMP Pool 0.00
50,943.95 50,943.95 0.00 0.00 Liquid Sub-Total 0.00 Total Investments $50,483,750.09
$274,504.36
$50,209,245.73
Accrued Interest
Securities Sub-Total $53,422,038.70 ($1,733,426.49) ($1,936,709.21) 5.07% 2.49

Page 28 ends

For the Month Ending September 30, 2023Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
09/14/23 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 (788,165.60) (1,343.33) (789,508.93) 800,000.00 09/07/23 09/15/23 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 (404,887.73) 0.00 (404,887.73) 405,000.00 09/07/23 09/19/23 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 (409,981.67) 0.00 (409,981.67) 410,000.00 09/12/23 09/28/23 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 (494,023.50) (1,800.00) (495,823.50) 500,000.00 09/20/23 (3,143.33) (2,100,201.83)(2,097,058.50) 2,115,000.00 Transaction Type Sub-Total

INTEREST
09/01/23 CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 0.00 4,469.09 4,469.09 200,000.00 09/01/23 09/25/23 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,477.67 1,477.67 550,000.00 09/01/23 09/25/23 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 0.00 1,920.42 1,920.42 550,000.00 09/01/23 09/25/23 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 2,208.71 2,208.71 550,000.00 09/01/23 09/25/23 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 0.00 629.06 629.06 275,000.00 09/01/23
09/25/23 FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 1,486.38 1,486.38 550,000.00 09/01/23 09/25/23 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,059.88 1,059.88 380,000.00 09/01/23 09/25/23 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 550,000.00 09/01/23 09/25/23 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,750.72 1,750.72 439,787.86 09/01/23 09/25/23 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 0.00 637.92 637.92 250,000.00 09/01/23
09/04/23 AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 0.00 3,825.00 3,825.00 300,000.00 09/04/23

Page 29 ends

For the Month Ending September 30, 2023Managed Account Security Transactions & Interest

INTEREST
09/04/23 AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 0.00 900.00 900.00 80,000.00 09/04/23
09/04/23 FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 0.00 281.25 281.25 150,000.00 09/04/23
09/10/23 ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 0.00 4,370.60 4,370.60 410,000.00 09/10/23 09/12/23 APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 0.00 11,237.50 11,237.50 775,000.00 09/12/23 09/15/23 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 0.00 45.25 45.25 73,374.84 09/15/23
09/15/23 ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 0.00 4,359.38 4,359.38 225,000.00 09/15/23 09/15/23 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 1,149.33 1,149.33 320,000.00 09/15/23 09/15/23 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 0.00 1,804.83 1,804.83 490,000.00 09/15/23 09/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 0.00 27.21 27.21 62,788.50 09/15/23
09/15/23 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 0.00 771.08 771.08 190,000.00 09/15/23
09/15/23 NY ST URBAN DEV CORP TXBL REV
BONDS
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 0.00 1,413.75 1,413.75 325,000.00 09/15/23 09/15/23 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 0.00 41.65 41.65 192,217.77 09/15/23
09/15/23 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 0.00 678.58 678.58 170,000.00 09/15/23
09/15/23 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 520.33 520.33 140,000.00 09/15/23
09/15/23 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 0.00 1,437.92 1,437.92 350,000.00 09/15/23

Page 30 ends

For the Month Ending September 30, 2023Managed Account Security Transactions & Interest

INTEREST
09/15/23 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 694.75 694.75 210,000.00 09/15/23
09/15/23 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,182.81 1,182.81 350,000.00 09/15/23 09/15/23 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,010.63 1,010.63 245,000.00 09/15/23 09/15/23 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 945.29 945.29 245,000.00 09/15/23
09/15/23 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 503.75 503.75 130,000.00 09/15/23
09/15/23 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 0.00 94.25 94.25 195,000.00 09/15/23
09/15/23 BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 0.00 5,462.50 5,462.50 475,000.00 09/15/23 09/15/23 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 0.00 52.34 52.34 190,326.75 09/15/23
09/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 0.00 11.53 11.53 36,416.89 09/15/23
09/15/23 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 715.42 715.42 170,000.00 09/15/23
09/16/23 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 0.00 44.06 44.06 77,749.47 09/16/23
09/16/23 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 1,104.58 1,104.58 275,000.00 09/16/23 09/18/23 CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
808513BN4 0.00 393.75 393.75 105,000.00 09/18/23
09/18/23 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 1,250.31 1,250.31 320,000.00 09/18/23 09/20/23 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 0.00 7.73 7.73 22,615.32 09/20/23
09/21/23 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 0.00 67.16 67.16 91,588.31 09/21/23

Page 31 ends

For the Month Ending September 30, 2023Managed Account Security Transactions & Interest

INTEREST
09/23/23 INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
4581X0DZ8 0.00 1,587.50 1,587.50 635,000.00 09/23/23 09/23/23 FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 0.00 1,312.50 1,312.50 700,000.00 09/23/23 66,160.33 66,160.33 0.00 13,021,865.71 Transaction Type Sub-Total

MATURITY
09/08/23 FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 250,000.00 312.50 250,312.50 82.50 0.00 250,000.00 09/08/23 312.50 0.00 82.50 250,312.50 250,000.00 250,000.00 Transaction Type Sub-Total

PAYDOWNS
09/25/23 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 213.27 0.00 213.27 0.01 0.00 213.27 09/01/23 09/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 5,154.12 0.00 5,154.12 1.11 0.00 5,154.12 09/15/23 09/15/23 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 4,825.45 0.00 4,825.45 1.08 0.00 4,825.45 09/15/23 09/15/23 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 15,546.14 0.00 15,546.14 0.26 0.00 15,546.14 09/15/23 09/15/23 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 16,156.71 0.00 16,156.71 1.74 0.00 16,156.71 09/15/23 09/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 3,833.43 0.00 3,833.43 0.40 0.00 3,833.43 09/15/23 09/16/23 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 4,457.80 0.00 4,457.80 0.11 0.00 4,457.80 09/16/23 09/20/23 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 14,709.65 0.00 14,709.65 1.24 0.00 14,709.65 09/20/23 09/21/23 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 5,874.39 0.00 5,874.39 1.24 0.00 5,874.39 09/21/23

0.00 0.00 7.19 70,770.96 70,770.96 70,770.96 Transaction Type Sub-Total

Page 32 ends

For the Month Ending September 30, 2023Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
09/14/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 491,562.50 534.99 492,097.49 10,625.00 (1,446.24) FIFO 500,000.00 09/07/23 09/15/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 319,579.10 355.47 319,934.57 6,969.73 (909.27) FIFO 325,000.00 09/08/23 09/19/23 US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 407,162.11 371.43 407,533.54 (36,966.80) (39,730.98) FIFO 450,000.00 09/12/23 09/27/23 US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 90,453.13 90.69 90,543.82 (8,242.18) (8,863.07) FIFO 100,000.00 09/20/23 09/27/23 US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 407,039.06 408.12 407,447.18 (30,673.83) (36,275.07) FIFO 450,000.00 09/20/23 1,760.70 (87,224.63)(58,288.08) 1,717,556.60 1,715,795.90 1,825,000.00 Transaction Type Sub-Total (60,491.64) 65,090.20 4,598.56 (58,198.39) (87,224.63)Managed Account Sub-Total Total Security Transactions ($58,198.39)$4,598.56 $65,090.20 ($60,491.64) ($87,224.63)

Page 33 ends

For the Month Ending September 30, 2023Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
50,055.18 Opening Balance
09/01/23 09/01/23 Purchase - Interest 13063D3N6 1.00 4,469.09 54,524.27 09/05/23 09/05/23 Purchase - Interest 3130AK5E2 1.00 281.25 54,805.52 09/05/23 09/05/23 Purchase - Interest 025816CS6 1.00 3,825.00 58,630.52 09/05/23 09/05/23 Purchase - Interest 025816CQ0 1.00 900.00 59,530.52 09/08/23 09/08/23 Purchase - Principal 3137EAEW5 1.00 250,312.50 309,843.02 09/11/23 09/11/23 Purchase - Interest 771196BT8 1.00 4,370.60 314,213.62 09/12/23 09/12/23 Purchase - Interest 037833DB3 1.00 11,237.50 325,451.12 09/14/23 09/14/23 Purchase - Principal 91282CDV0 1.00 491,562.50 817,013.62 09/14/23 09/14/23 Purchase - Interest 91282CDV0 1.00 534.99 817,548.61 09/14/23 09/14/23 Redemption - Interest 3137HAMH6 1.00 (1,343.33) 816,205.28 09/14/23 09/14/23 Redemption - Principal 3137HAMH6 1.00 (788,165.60) 28,039.68 09/15/23 09/15/23 Purchase - Interest 002824BM1 1.00 4,359.38 32,399.06 09/15/23 09/15/23 Purchase - Interest 02582JJZ4 1.00 771.08 33,170.14 09/15/23 09/15/23 Purchase - Interest 05522RDG0 1.00 678.58 33,848.72 09/15/23 09/15/23 Purchase - Interest 14041NGD7 1.00 1,804.83 35,653.55 09/15/23 09/15/23 Purchase - Interest 14314QAC8 1.00 27.21 35,680.76 09/15/23 09/15/23 Purchase - Interest 14318MAD1 1.00 694.75 36,375.51 09/15/23 09/15/23 Purchase - Interest 254683CP8 1.00 94.25 36,469.76 09/15/23 09/15/23 Purchase - Interest 254683CY9 1.00 1,149.33 37,619.09 09/15/23 09/15/23 Purchase - Interest 254683CZ6 1.00 1,437.92 39,057.01 09/15/23 09/15/23 Purchase - Interest 31680EAD3 1.00 1,182.81 40,239.82

Page 34 ends

For the Month Ending September 30, 2023Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
09/15/23 09/15/23 Purchase - Interest 344928AD8 1.00 503.75 40,743.57 09/15/23 09/15/23 Purchase - Interest 41285JAD0 1.00 715.42 41,458.99 09/15/23 09/15/23 Purchase - Interest 44933LAC7 1.00 11.53 41,470.52 09/15/23 09/15/23 Purchase - Interest 44935FAD6 1.00 45.25 41,515.77 09/15/23 09/15/23 Purchase - Interest 65480BAC1 1.00 52.34 41,568.11 09/15/23 09/15/23 Purchase - Interest 65480JAC4 1.00 520.33 42,088.44 09/15/23 09/15/23 Purchase - Interest 89190GAC1 1.00 41.65 42,130.09 09/15/23 09/15/23 Purchase - Interest 891940AC2 1.00 945.29 43,075.38 09/15/23 09/15/23 Purchase - Interest 14041NGB1 1.00 1,010.63 44,086.01 09/15/23 09/15/23 Purchase - Interest 084664CZ2 1.00 5,462.50 49,548.51 09/15/23 09/15/23 Purchase - Interest 650036DT0 1.00 1,413.75 50,962.26 09/15/23 09/15/23 Purchase - Interest 91282CDV0 1.00 355.47 51,317.73 09/15/23 09/15/23 Purchase - Principal 91282CDV0 1.00 319,579.10 370,896.83 09/15/23 09/15/23 Purchase - Principal 14314QAC8 1.00 5,154.12 376,050.95 09/15/23 09/15/23 Purchase - Principal 44935FAD6 1.00 4,825.45 380,876.40 09/15/23 09/15/23 Purchase - Principal 65480BAC1 1.00 15,546.14 396,422.54 09/15/23 09/15/23 Purchase - Principal 44933LAC7 1.00 3,833.43 400,255.97 09/15/23 09/15/23 Purchase - Principal 89190GAC1 1.00 16,156.71 416,412.68 09/15/23 09/15/23 Redemption - Principal 161571HT4 1.00 (404,887.73) 11,524.95 09/18/23 09/18/23 Purchase - Interest 808513BN4 1.00 393.75 11,918.70 09/18/23 09/18/23 Purchase - Interest 362554AC1 1.00 44.06 11,962.76 09/18/23 09/18/23 Purchase - Interest 36265QAD8 1.00 1,104.58 13,067.34

Page 35 ends

For the Month Ending September 30, 2023Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
09/18/23 09/18/23 Purchase - Interest 43815QAC1 1.00 1,250.31 14,317.65 09/18/23 09/18/23 Purchase - Principal 362554AC1 1.00 4,457.80 18,775.45 09/19/23 09/19/23 Purchase - Principal 91282CBC4 1.00 407,162.11 425,937.56 09/19/23 09/19/23 Purchase - Interest 91282CBC4 1.00 371.43 426,308.99 09/19/23 09/19/23 Redemption - Principal 02582JKD1 1.00 (409,981.67) 16,327.32 09/20/23 09/20/23 Purchase - Interest 380144AD7 1.00 7.73 16,335.05 09/20/23 09/20/23 Purchase - Principal 380144AD7 1.00 14,709.65 31,044.70 09/21/23 09/21/23 Purchase - Interest 43815GAC3 1.00 67.16 31,111.86 09/21/23 09/21/23 Purchase - Principal 43815GAC3 1.00 5,874.39 36,986.25 09/25/23 09/25/23 Purchase - Interest 3137EAEX3 1.00 1,312.50 38,298.75 09/25/23 09/25/23 Purchase - Interest 4581X0DZ8 1.00 1,587.50 39,886.25 09/25/23 09/25/23 Purchase - Interest 3137HAD45 1.00 1,750.72 41,636.97 09/25/23 09/25/23 Purchase - Interest 3137HACX2 1.00 2,208.71 43,845.68 09/25/23 09/25/23 Purchase - Interest 3137F1G44 1.00 1,486.38 45,332.06 09/25/23 09/25/23 Purchase - Interest 3137BXQY1 1.00 1,477.67 46,809.73 09/25/23 09/25/23 Purchase - Interest 3137BTUM1 1.00 1,059.88 47,869.61 09/25/23 09/25/23 Purchase - Interest 3137BSP72 1.00 1,215.96 49,085.57 09/25/23 09/25/23 Purchase - Interest 3137BNGT5 1.00 629.06 49,714.63 09/25/23 09/25/23 Purchase - Interest 3137BGK24 1.00 637.92 50,352.55 09/25/23 09/25/23 Purchase - Interest 3136BQDE6 1.00 1,920.42 52,272.97 09/25/23 09/25/23 Purchase - Principal 3137HAD45 1.00 213.27 52,486.24 09/27/23 09/27/23 Purchase - Interest 91282CBC4 1.00 498.81 52,985.05

Page 36 ends

For the Month Ending September 30, 2023Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
09/27/23 09/27/23 Purchase - Principal 91282CBC4 1.00 497,492.19 550,477.24 09/28/23 09/28/23 Redemption - Principal 3137HAMS2 1.00 (494,023.50) 56,453.74 09/28/23 09/28/23 Redemption - Interest 3137HAMS2 1.00 (1,800.00) 54,653.74 09/28/23 09/28/23 IP Fees August 2023 1.00 (3,975.02) 50,678.72 09/28/23 09/28/23 U.S. Bank Fees July 2023 1.00 (247.23) 50,431.49 09/29/23 10/02/23 Accrual Income Div Reinvestment - Distributions 1.00 512.46 50,943.95 50,943.95
50,943.95
50,943.95
112,526.99
25,947.49

0.00 (33,216,411.86)
33,220,485.40
46,870.41
512.46
50,943.95

0.00 (2,104,424.08)
2,105,312.85
50,055.18
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
September January-September

5.55%

Page 37 ends

Investment Performance Review

CAMP Accounts

Investment Performance Review
For the Quarter Ended September 30, 2023
PFM Asset Management LLC
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public City of Lake Elsinore
© PFM Asset Management LLC pfmam.com |
Market Update
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update ▸ The U.S. economy is characterized by:
▹ Stronger than expected growth, supported by a resilient consumer ▹ Inflation that remains stubbornly above the Federal Reserve’s (“Fed”) target range ▹ Continued creation of new jobs by the labor market, albeit at a moderating pace ▸ Fed pauses again in rate hike campaign
▹ After hiking in July, the Federal Reserve held rates steady at the September FOMC meeting as expected
▹ The Fed’s most recent “dot plot” indicated one more rate hike for 2023 and set the stage for interest rates to remain “higher-for-longer”
▹ Updated FOMC economic projections point to stronger GDP growth expectations, higher inflation, and slightly lower unemployment for the remainder of 2023 and into 2024 ▸ Interest rates reached their highest levels since 2006-7 ▹ The U.S. government rating downgrade by Fitch had little impact, although it highlighted growing worry about the erosion of governance standards and fiscal irresponsibility ▹ Treasury yields across the curve rose during Q3. Sticky inflation, a “higher for longer” market consensus, increased Treasury borrowing, and reduced Treasury holdings by China and Japan weighed especially on the long end of the curve ▹ The next concern is the annual federal budget process and potential for a government shutdown

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
1 Source: Bloomberg, as of August 2023.

For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC | pfmam.com
-2%
0%
2%
4%
6%
8%
10%
Aug-20 Nov-20 Feb-21 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22 Nov-22 Feb-23 May-23 Aug-23 Factors Contributing to the Consumer Price Index
(CPI YoY)
Services (Ex Food & Energy) Goods (Ex Food & Energy) Food Energy Headline YoY% Inflation Gradually Falling, But Sensitive to
Recently Rising Energy Prices

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
2 Personal Savings and Consumer Debt Have Returned to Pre-Pandemic Levels Source: Bloomberg and New York Fed Household Debt and Credit Report. Data as of June 30, 2023. (Left chart) Source: Federal Reserve Bank of St. Louis. Data as of April 1, 2023. (Right chart) © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
$0
$1
$2
$3
$4
$5
$6
$7
$8
2016 2017 2018 2019 2020 2021 2022 2023
Trillions
Personal Savings
Accumulated Excess Savings Drawdowns of Excess Savings
Pre-
pandemic
trend

9.85%

8.31%

9.83%
8%
9%
10%
11%
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
May-20
Sep-20
Jan-21
May-21
Sep-21
Jan-22
May-22
Sep-22
Jan-23
Household Debt Service Payments as a Percent
of Disposable Personal Income
Consumer debt levels have returned to longer-term
h
istorical averages after declining during the pandemic
43-year low

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
3 Wages Have Caught Up to Inflation Once Again
Source: As of September 2023. St. Louis Federal Rese rve Economic Data. Excess job openings refers to the difference in job openings, as reported by JOLTS, and the total number of unemployed workers as reported by the Bureau of Labor Statistics.
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
0%
2%
4%
6%
8%
10%
12%
2016 2017 2018 2019 2020 2021 2022 2023
Wage Growth vs. Inflation
Year-over-year
Atlanta Fed Wage Growth Tracker Consumer Price Index
Wage growth
e
xceeds inflation
Inflation exceeds
w
age growth
Unemployment Rate (Sept.) 3.8%
Peaked during COVID at 14.7%
Excess Job Openings (Sept.) 3 mil.

For each unemployed worker, there are
approximately 1.5 job openings
Nonfarm Payrolls (Sept.) 336,000
Although the pace has declined, the
e
conomy continues to create jobs at
a healthy pace
Labor Market Stats

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
4 GDP Remains Surprisingly Robust
Source: St. Louis Federal Reserve Economic Data, Bur eau of Economic Analysis. Average economist forecast sourced from Bloomberg. © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
-2.0%
-0.6%

2.7% 2.6%

2.2% 2.1%

3.0%
-3%
-2%
-1%
0%
1%
2%
3%
4%
1Q '22 2Q '22 3Q '22 4Q '22 1Q '23 2Q '23 3Q '23U.S. Real GDP GDP Contributors 1Q ‘22 2Q ‘22 3Q ‘22 4Q ‘22 1Q ‘23 2Q ‘23 Real GDP -2.0% -0.6% 2.7% 2.6% 2.2% 2.1%
P
ersonal Consumption 0.0% 1.3% 1.1% 0.8% 2.5% 0.6%
Private Investment 1.2% -2.1% -1.5% 0.6% -1.7% 0.9%
N
et Exports -2.6% 0.6% 2.6% 0.3% 0.6% 0.0%
G
ov’t Expenditures -0.5% -0.3% 0.6% 0.9% 0.8% 0.6%
The U.S. Consumer has
been the backbone of
economic growth;
historically being the
largest contributor
Average
economist
forecast

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
5 3.8% 4.1% 4.1% 4.0% 4.0%
0%
1 %
2%
3%
4%
5%
6%
2023 2024 2025 2026 Longer
Run
Unemployment Rate
June Projections September Projections

2.1%

1.5%

1.8% 1.8% 1.8%
0%
1 %
2%
3%
2023 2024 2025 2026 Longer
Run
Change in Real GDP
June Projections September Projections
The Fed’s Projections for Growth and Employment Were More Upbeat © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
Source: Federal Reserve, latest economic projections as of September 2023.

5.6%

5.1%

3.9%

2.9% 2.5%
0%
2 %
4%
6%
8%
2023 2024 2025 2026 Longer
Run
Federal Funds Rate
June Projections September Projections

3.3%

2.5% 2.2% 2.0% 2.0%
0%
1 %
2%
3%
4%
5%
2023 2024 2025 2026 Longer
Run
PCE Inflation
June Projections September Projections

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
6 Interest Rates Are At Their Highest Levels Since 2006-07 PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
Source: Bloomberg, as of September 30, 2023.

5.45%

5.04%

4.61% 4.57% 4.70%

0.0%
1 .0%

2.0%

3.0%

4.0%

5.0%

6.0% Yield
Maturity
U.S. Treasury Yield Curve
15 Year Range
September 30, 2023
June 30, 2023
3-Month 2-Year 5-Year 10-Year 30-Year

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
7 Sector Yield Spreads
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
Source: ICE BofAML 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of September 30, 2023. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.

CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index.

0.0%

0.2%

0.4%

0.6%

0.8%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Federal Agency Yield Spreads
Bullet Callable

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Corporate Notes A-AAA Yield Spreads

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index

0.0%

0.5%

1.0%

1.5%
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Asset-Backed Securities AAA Yield Spreads

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
8 Fixed-Income Markets in Q3 2023
1-5 Year Indices
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market Update
Source: ICE BofAML Indices. ABS indices are 0-5 year, based on weighted average life. As of September 30, 2023.

0.23%

0.52%

1.07%

0.30%

0.57%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-5 Year Indices Quarterly Returns

0.83% 0.87%

1.41%

1.67%

2.17%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
10-Year Average

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
9 © PFM Asset Management LLC pfmam.com|
Portfolio Review
© PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Snapshot
|
Total market value includes accrued interest and balances invested in CAMP, as of September 30, 2023.

Yield and duration calculations exclude balances invested in CAMP.

The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Account Summary
|

0.1%

10.3%

22.4%

1.8%

2.9%

2.2%

10.3%

8.0%

42.1%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Joint Powers Authority - $50,944
ABS - $5,211,226
Corporate - $11,295,474
Negotiable CD - $929,986
Municipal - $1,447,614
Supranational - $1,101,128
Agency CMBS - $5,187,688
Federal Agency - $4,025,393
U.S. Treasury - $21,234,297
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *
Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended September 30, 2023, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged :PFM Asset Management LLC
12 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Managed Portfolio Activity
Net Activity by Sector
($ millions)
U.S. Treasury
Federal Agency
Corporate
ABS
Agency CMBS
U.S. Treasury
F
ederal Agency
Corporate
ABS
Agency CMBS
($6.0) ($4.0) ($2.0) $0.0 $2.0 $4.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net Activity
Agency CMBS $3,345,545
ABS $1,297,072
Corporate $283,402
Federal Agency ($746,381)
U.S. Treasury ($3,898,068)
$281,570Total Net Activity
Sales/Maturities Purchases
13 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Characteristics
|
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 50%
9%
4%
2%
3%
2%
22%
8%
Jun-23
42%
8%
10%
2%
3%
2%
22%
10%
Sep-23
Managed Portfolio Historical Sector Allocation
14 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Performance
|
The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is September 30, 2010.1.

Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.2.

Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.3.

The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg.4. -2.0%
-1.0%

0.0%

1.0%

2.0%

3.0%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned² $ 287,083 $855,343 $1,752,423 $3,339,992 $5,678,402 Change in Market Value ($164,434) $37,262 ($3,031,213) ($890,195) ($1,644,439) $122,649Total Dollar Return $892,605 ($1,278,790) $2,449,797 $4,033,963 Total Return³
Portfolio 0.24% 2.49% -1.49% 1.17% 1.11%
Benchmark⁴ 0.23% 2.12% -1.76% 0.93% 0.83%
3 Months 1 Year 3 Years 5 Years 10 Years
Difference 0.01% 0.37% 0.27% 0.23% 0.28%
15 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Performance
|
Performance on trade-date basis, gross (i.e., before fees), in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS).1.

Income returns calculated as interest earned on investments during the period.2.

Price returns calculated as the change in market value of each security for the period.3.

Returns are presented on a periodic basis.4.

Quarterly Sector Performance
Total Return by Sector Co ntribution to Total Return
Cash
ABS
Corporate
Commercial Paper
Negotiable CD
Municipal
Supranational
Agency CMBS
Federal Agency
U.S. Treasury
-0.10%

0.00%

0.10%

0.20%

0.30%

18.02%

0. 93%

0.74%

0.00%
1 .38%

0.41%

0.10%

0. 84%

0.10%

0.45%

0.00%
-0.18%
-0.49%

0.00%
0 .06%

0.28%

1.12%
-

1. 72

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Performance
|
The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2010.1.

Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.2.

Realized gains / (losses) are shown on an amortized cost basis.3.

Accrual Basis Earnings
Accrual Basis Earnings
Interest Earned²
Re
alized Gains / (Losses)³
Change in Amortized Cost
Total Earnings
3 Months
$287,083
($
209,864)
$109,325
$186,543
1 Year
$855,343
($
620,052)
$372,111
$607,403
3 Years
$1,752,423
($
540,043)
$236,220
$1,448,600
5 Year
$3,339,992
$3
1,670
$306,519
$3,678,181
10 Year¹
$5,678,402
$8
9,032
$89,933
$5,857,366
17 Fixed-Income Sector Outlook – 4Q 2023
Negative Slightly
Negative Neutral Slightly
Positive PositiveCurrent outlook Outlook one quarter ago Sector Our Investment Preferences

C O M M E R C I A L PA P E R
/
C D

T R E A S U R I E S
T-Bill
T
-Note

F E D E R A L A G E N C I E S
Bullets
C
allables

S U P R A N AT I O N A L S
C

O R P O R AT E S
Financials
I
ndustrials

S E C U R I T I Z E D
Asset-Backed
A
gency Mortgage-Backed
Agency CMBS

M U N I C I P A L S
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2023
Market UpdateCITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Market Update
© PFM Asset Management LLC pfmam.com|
18 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
© PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.

Issuer Diversification
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer U.S. Treasury 42.1%
UNITED STATES TREASURY 42.1% AA / Aaa / AA
Federal Agency 8.0%
FANNIE MAE 3.1% AA / Aaa / AA
FEDERAL HOME LOAN BANKS 0.9% AA / Aaa / NR
FREDDIE MAC 4.0% AA / Aaa / AA
Agency CMBS 10.3%
FANNIE MAE 1.0% AA / Aaa / AA
FREDDIE MAC 9.2% AA / Aaa / AA
Supranational 2.2%
INTER-AMERICAN DEVELOPMENT BANK 1.2% AAA / Aaa / AAA
INTL BANK OF RECONSTRUCTION AND DEV 1.0% AAA / Aaa / AAA Municipal 2.9%
CALIFORNIA STATE UNIVERSITY 0.2% AA / Aa / NR

CHAFFEY JOINT UNION HIGH SCHOOL

DISTRICT

0.2% AA / Aa / NR
FLORIDA STATE BOARD OF ADMIN FIN CORP 0.6% AA / Aa / AA

LOS ANGELES COMMUNITY COLLEGE

DISTRICT

0.3% AA / Aaa / NR
NEW YORK ST URBAN DEVELOPMENT CORP 0.6% NR / NR / AA
SAN JUAN UNIFIED SCHOOL DISTRICT 0.2% NR / Aa / NR
STATE OF CALIFORNIA 0.4% AA / Aa / AA
STATE OF CONNECTICUT 0.1% AA / Aa / AA
STATE OF MINNESOTA 0.2% AAA / Aaa / AAA
UNIVERSITY OF CALIFORNIA 0.2% AA / Aa / AA
Negotiable CD 1.8%
NORDEA BANK ABP 0.9% AA / Aa / AA
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer Negotiable CD 1.8%
TORONTO-DOMINION BANK 0.9% A / A / NR
Corporate 22.4%
ABBOTT LABORATORIES 0.4% AA / Aa / NR
AMAZON.COM INC 0.9% AA / A / AA
AMERICAN EXPRESS CO 0.7% BBB / A / A
AMERICAN HONDA FINANCE 0.8% A / A / A
APPLE INC 1.4% AA / Aaa / NR
BANK OF AMERICA CO 0.9% A / A / AA
BERKSHIRE HATHAWAY INC 0.9% AA / Aa / A
BMW FINANCIAL SERVICES NA LLC 0.4% A / A / NR
BRISTOL-MYERS SQUIBB CO 0.7% A / A / NR
CATERPILLAR INC 0.4% A / A / A
CHARLES SCHWAB 0.8% A / A / A
CINTAS CORPORATION NO. 2 0.1% A / A / NR
CITIGROUP INC 0.4% BBB / A / A
DEERE & COMPANY 0.7% A / A / A
GENERAL DYNAMICS CORP 0.4% A / A / NR
GOLDMAN SACHS GROUP INC 0.8% BBB / A / A
HOME DEPOT INC 0.0% A / A / A
IBM CORP 0.4% A / A / NR
JP MORGAN CHASE & CO 0.9% A / A / AA
LOCKHEED MARTIN CORP 0.1% A / A / A
MICROSOFT CORP 1.4% AAA / Aaa / NR
MORGAN STANLEY 0.8% A / A / A
NATIONAL AUSTRALIA BANK LTD 1.4% AA / Aa / NR

NATIONAL RURAL UTILITIES CO FINANCE
CORP

Issuer Diversification
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer Corporate 22.4%
PACCAR FINANCIAL CORP 0.3% A / A / NR
PNC FINANCIAL SERVICES GROUP 0.8% A / A / A
ROCHE HOLDINGS INC 0.8% AA / Aa / AA
TARGET CORP 0.1% A / A / A
TEXAS INSTRUMENTS INC 0.2% A / Aa / NR

THE BANK OF NEW YORK MELLON

CORPORATION

1.3% A / A / AA
THE WALT DISNEY CORPORATION 0.8% A / A / A
TOYOTA MOTOR CORP 0.7% A / A / A
UNITEDHEALTH GROUP INC 0.4% A / A / A
USAA CAPITAL CORP 0.4% AA / Aa / NR
ABS 10.3%
AMERICAN EXPRESS CO 1.2% AAA / NR / AAA
BANK OF AMERICA CO 0.3% AAA / NR / AAA
CAPITAL ONE FINANCIAL CORP 1.4% AAA / NR / AAA
CARMAX AUTO OWNER TRUST 0.5% AAA / NR / AAA
CHASE ISSURANCE 0.8% AAA / NR / AAA
DISCOVER FINANCIAL SERVICES 1.7% AAA / Aaa / AAA
FIFTH THIRD AUTO TRUST 0.7% AAA / Aaa / NR
FORD CREDIT AUTO OWNER TRUST 0.3% AAA / NR / AAA

GM FINANCIAL CONSUMER AUTOMOBILE
TRUST

0.7% AAA / Aaa / AAA
GM FINANCIAL LEASINGTRUST 0.0% AAA / NR / AAA
HARLEY-DAVIDSON MOTORCYCLE TRUST 0.3% NR / Aaa / AAA
HONDA AUTO RECEIVABLES 0.8% AAA / Aaa / AAA
HYUNDAI AUTO RECEIVABLES 0.2% AAA / NR / AAA
NISSAN AUTO RECEIVABLES 0.6% AAA / Aaa / NR
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer ABS 10.3%
TOYOTA MOTOR CORP 0.8% AAA / NR / AAA
100.0%Total
20 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
© PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Amount ($)Coupon
Yield
at Market
Realized
G/L (BV)Security Description
BUY
7/3/2023 7/7/2023 600,000.00 91282CFB2 US TREASURY N/B NOTES 2.75% 7/31/2027 572,796.71 4.30% 7/13/2023 7/20/2023 550,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 556,892.25 4.59% 7/18/2023 7/31/2023 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 542,596.20 4.58% 7/19/2023 7/27/2023 440,000.00 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 441,507.02 4.78% 7/21/2023 7/25/2023 375,000.00 24422EXB0 JOHN DEERE CAPITAL CORP CORPORATE NOTES 4.95% 7/14/2028 378,432.19 4.78% 8/15/2023 8/22/2023 320,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 319,934.02 5.42% 8/15/2023 8/23/2023 350,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 349,978.30 5.53% 8/16/2023 8/18/2023 550,000.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 519,642.03 4.98% 9/7/2023 9/14/2023 800,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 789,508.93 4.99% 9/7/2023 9/15/2023 405,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 404,887.73 5.17% 9/12/2023 9/19/2023 410,000.00 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 409,981.67 5.23% 9/20/2023 9/28/2023 500,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 495,823.50 5.07% Total BUY 5,850,000.00 5,781,980.55 0.00

INTEREST
7/1/2023 7/1/2023 60,000.00 20772KJW0 CT ST TXBL GO BONDS 1.99% 7/1/2024 599.40 7/1/2023 7/1/2023 310,000.00 341271AD6 FL ST BOARD OF ADMIN TXBL REV BONDS 1.25% 7/1/2025 1,949.90 7/1/2023 7/25/2023 250,000.00 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 637.92 21 © PFM Asset Management LLC pfmam.com

INTEREST
7/1/2023 7/25/2023 275,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 7/1/2023 7/25/2023 550,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,486.38 7/1/2023 7/25/2023 380,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,059.88 7/1/2023 7/25/2023 550,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 7/8/2023 7/8/2023 400,000.00 38141EC23 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS 3.85% 7/8/2024 7,700.00 7/8/2023 7/8/2023 225,000.00 14913R2U0 CATERPILLAR FINL SERVICE CORPORATE NOTES 1.70% 1/8/2027 1,912.50 7/12/2023 7/12/2023 375,000.00 89236TKQ7 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES 4.62% 1/12/2028 8,671.88 7/15/2023 7/15/2023 210,000.00 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 694.75 7/15/2023 7/15/2023 224,608.57 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 48.67 7/15/2023 7/15/2023 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 7/15/2023 7/15/2023 140,000.00 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 520.33 7/15/2023 7/15/2023 80,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 49.33 7/15/2023 7/15/2023 72,749.48 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 31.52 7/15/2023 7/15/2023 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 814.82 7/15/2023 7/15/2023 40,000.00 87612EBM7 TARGET CORP CORP NOTES (CALLABLE) 1.95% 1/15/2027 390.00 7/15/2023 7/15/2023 245,000.00 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 7/15/2023 7/15/2023 320,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 22 © PFM Asset Management LLC pfmam.com

INTEREST
7/15/2023 7/15/2023 222,479.99 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 61.18 7/15/2023 7/15/2023 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 796.79 7/15/2023 7/15/2023 44,391.84 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 14.06 7/15/2023 7/15/2023 170,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 7/15/2023 7/15/2023 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 7/15/2023 7/15/2023 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 7/15/2023 7/15/2023 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 3,068.22 7/16/2023 7/16/2023 85,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 48.17 7/16/2023 7/16/2023 275,000.00 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,104.58 7/20/2023 7/20/2023 35,000.00 380144AD7 GMALT 2021-2 A4 0.41% 5/20/2025 11.96 7/21/2023 7/21/2023 100,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 73.33 7/21/2023 7/21/2023 425,000.00 3137EAEU9 FREDDIE MAC NOTES 0.37% 7/21/2025 796.88 7/23/2023 7/23/2023 400,000.00 693475AV7 PNC BANK NA CORP NOTES (CALLABLE) 3.50% 1/23/2024 7,000.00 7/26/2023 7/26/2023 475,000.00 06406RBA4 BANK OF NY MELLON CORP (CALLABLE) CORPOR 2.05% 1/26/2027 4,868.75 7/27/2023 7/27/2023 225,000.00 459200KS9 IBM CORP CORPORATE NOTES 4.00% 7/27/2025 4,500.00 7/31/2023 7/31/2023 3,800,000.00 91282CCP4 US TREASURY N/B NOTES 0.62% 7/31/2026 11,875.00 7/31/2023 7/31/2023 2,600,000.00 91282CFB2 US TREASURY N/B NOTES 2.75% 7/31/2027 35,750.00 23 © PFM Asset Management LLC pfmam.com

INTEREST
7/31/2023 7/31/2023 1,750,000.00 91282CDV0 US TREASURY N/B NOTES 0.87% 1/31/2024 7,656.25 8/1/2023 8/1/2023 140,000.00 54438CYK2 LOS ANGELES CCD, CA TXBL GO BONDS 0.77% 8/1/2025 541.10 8/1/2023 8/1/2023 130,000.00 798306WP7 SAN JUAN USD, CA TXBL GO BONDS 0.85% 8/1/2025 553.80 8/1/2023 8/1/2023 100,000.00 60412AVJ9 MN ST TXBL GO BONDS 0.63% 8/1/2025 315.00 8/1/2023 8/1/2023 225,000.00 06051GFS3 BANK OF AMERICA CORP NOTES 3.87% 8/1/2025 4,359.38 8/1/2023 8/1/2023 100,000.00 157411TK5 CHAFFEY UHSD, CA TXBL GO BONDS 2.10% 8/1/2024 1,050.50 8/1/2023 8/25/2023 380,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,059.88 8/1/2023 8/25/2023 550,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 8/1/2023 8/25/2023 550,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,486.38 8/1/2023 8/25/2023 550,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 8/1/2023 8/25/2023 250,000.00 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 637.92 8/1/2023 8/25/2023 440,000.00 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,751.57 8/1/2023 8/25/2023 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.42 8/1/2023 8/25/2023 275,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 8/6/2023 8/6/2023 175,000.00 69371RQ66 PACCAR FINANCIAL CORP CORPORATE NOTES 1.80% 2/6/2025 1,575.00 8/6/2023 8/6/2023 750,000.00 594918BY9 MICROSOFT CORP CORP NOTES (CALLABLE) 3.30% 2/6/2027 12,375.00 8/7/2023 8/7/2023 350,000.00 637432NP6 NATIONAL RURAL UTIL COOP CORP NOTES (CAL 3.40% 2/7/2028 5,950.00 24 © PFM Asset Management LLC pfmam.com

INTEREST
8/12/2023 8/12/2023 175,000.00 05565EBW4 BMW US CAPITAL LLC (CALLABLE) CORPORATE 1.25% 8/12/2026 1,093.75 8/12/2023 8/12/2023 70,000.00 05565EBU8 BMW US CAPITAL LLC CORPORATE NOTES 0.75% 8/12/2024 262.50 8/15/2023 8/15/2023 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 8/15/2023 8/15/2023 170,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 8/15/2023 8/15/2023 78,227.49 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 48.24 8/15/2023 8/15/2023 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 8/15/2023 8/15/2023 140,000.00 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 520.33 8/15/2023 8/15/2023 85,000.00 882508BV5 TEXAS INSTRUMENTS INC CORP NOTE (CALLABL 4.60% 2/15/2028 1,955.00 8/15/2023 8/15/2023 320,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 8/15/2023 8/15/2023 205,927.99 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 56.63 8/15/2023 8/15/2023 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 8/15/2023 8/15/2023 210,000.00 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 694.75 8/15/2023 8/15/2023 207,937.59 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 45.05 8/15/2023 8/15/2023 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 8/15/2023 8/15/2023 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 8/15/2023 8/15/2023 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 8/15/2023 8/15/2023 245,000.00 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 25 © PFM Asset Management LLC pfmam.com

INTEREST
8/15/2023 8/15/2023 170,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 1,334.55 8/15/2023 8/15/2023 40,296.85 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 12.76 8/15/2023 8/15/2023 67,628.11 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 29.31 8/16/2023 8/16/2023 275,000.00 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,104.58 8/16/2023 8/16/2023 82,127.25 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 46.54 8/20/2023 8/20/2023 375,000.00 110122DE5 BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL 3.90% 2/20/2028 7,312.50 8/20/2023 8/20/2023 35,000.00 380144AD7 GMALT 2021-2 A4 0.41% 5/20/2025 11.96 8/21/2023 8/21/2023 97,490.23 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 71.49 8/24/2023 8/24/2023 175,000.00 46647PCV6 JPMORGAN CHASE & CO CORP NOTES (CALLABLE 2.59% 2/24/2026 2,270.63 8/25/2023 8/25/2023 350,000.00 3135G05X7 FANNIE MAE NOTES 0.37% 8/25/2025 656.25 8/30/2023 8/30/2023 400,000.00 254687FK7 WALT DISNEY COMPANY/THE (CALLABLE) 1.75% 8/30/2024 3,500.00 9/1/2023 9/1/2023 200,000.00 13063D3N6 CA ST MUNICIPAL BONDS 4.84% 3/1/2027 4,469.09 9/1/2023 9/25/2023 250,000.00 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 637.92 9/1/2023 9/25/2023 439,787.86 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,750.72 9/1/2023 9/25/2023 550,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 9/1/2023 9/25/2023 550,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,486.38 9/1/2023 9/25/2023 275,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 26 © PFM Asset Management LLC pfmam.com

INTEREST
9/1/2023 9/25/2023 380,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,059.88 9/1/2023 9/25/2023 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.42 9/1/2023 9/25/2023 550,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 9/1/2023 9/25/2023 550,000.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 9/4/2023 9/4/2023 150,000.00 3130AK5E2 FEDERAL HOME LOAN BANK NOTES 0.37% 9/4/2025 281.25 9/4/2023 9/4/2023 80,000.00 025816CQ0 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 2.25% 3/4/2025 900.00 9/4/2023 9/4/2023 300,000.00 025816CS6 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 2.55% 3/4/2027 3,825.00 9/10/2023 9/10/2023 410,000.00 771196BT8 ROCHE HOLDINGS INC (CALLABLE) CORPORATE 2.13% 3/10/2025 4,370.60 9/12/2023 9/12/2023 775,000.00 037833DB3 APPLE INC (CALLABLE) BONDS 2.90% 9/12/2027 11,237.50 9/15/2023 9/15/2023 36,416.89 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 11.53 9/15/2023 9/15/2023 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 9/15/2023 9/15/2023 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 9/15/2023 9/15/2023 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 9/15/2023 9/15/2023 350,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,182.81 9/15/2023 9/15/2023 475,000.00 084664CZ2 BERKSHIRE HATHAWAY CORP NOTES (CALLABLE) 2.30% 3/15/2027 5,462.50 9/15/2023 9/15/2023 170,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 9/15/2023 9/15/2023 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 27 © PFM Asset Management LLC pfmam.com

INTEREST
9/15/2023 9/15/2023 325,000.00 650036DT0 NY ST URBAN DEV CORP TXBL REV BONDS 0.87% 3/15/2025 1,413.75 9/15/2023 9/15/2023 245,000.00 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 9/15/2023 9/15/2023 62,788.50 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 27.21 9/15/2023 9/15/2023 320,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 9/15/2023 9/15/2023 170,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 9/15/2023 9/15/2023 225,000.00 002824BM1 ABBOTT LABORATORIES CORPORATE NOTES (CAL 3.87% 9/15/2025 4,359.38 9/15/2023 9/15/2023 192,217.77 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 41.65 9/15/2023 9/15/2023 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 9/15/2023 9/15/2023 190,326.75 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 52.34 9/15/2023 9/15/2023 210,000.00 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 694.75 9/15/2023 9/15/2023 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 9/15/2023 9/15/2023 73,374.84 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 45.25 9/15/2023 9/15/2023 140,000.00 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 520.33 9/16/2023 9/16/2023 275,000.00 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,104.58 9/16/2023 9/16/2023 77,749.47 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 44.06 9/18/2023 9/18/2023 320,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,250.31 9/18/2023 9/18/2023 105,000.00 808513BN4 CHARLES SCHWAB CORP NOTES (CALLABLE) 0.75% 3/18/2024 393.75 28 © PFM Asset Management LLC pfmam.com

INTEREST
9/20/2023 9/20/2023 22,615.32 380144AD7 GMALT 2021-2 A4 0.41% 5/20/2025 7.73 9/21/2023 9/21/2023 91,588.31 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 67.16 9/23/2023 9/23/2023 635,000.00 4581X0DZ8 INTER-AMERICAN DEVEL BK NOTES 0.50% 9/23/2024 1,587.50 9/23/2023 9/23/2023 700,000.00 3137EAEX3 FREDDIE MAC NOTES 0.37% 9/23/2025 1,312.50 Total INTEREST 41,025,731.10 243,705.47 0.00

MATURITY
9/8/2023 9/8/2023 250,000.00 3137EAEW5 FREDDIE MAC NOTES 0.25% 9/8/2023 250,312.50 Total MATURITY 250,000.00 250,312.50 0.00

PAYDOWNS
7/15/2023 7/15/2023 4,094.99 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 4,094.99 7/15/2023 7/15/2023 16,552.00 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 16,552.00 7/15/2023 7/15/2023 16,670.98 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 16,670.98 7/15/2023 7/15/2023 5,121.37 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 5,121.37 7/15/2023 7/15/2023 1,772.51 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 1,772.51 7/16/2023 7/16/2023 2,872.75 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 2,872.75 7/21/2023 7/21/2023 2,509.77 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 2,509.77 8/1/2023 8/25/2023 212.14 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 212.14 29 © PFM Asset Management LLC pfmam.com

PAYDOWNS
8/15/2023 8/15/2023 15,719.82 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 15,719.82 8/15/2023 8/15/2023 4,852.65 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,852.65 8/15/2023 8/15/2023 3,879.96 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,879.96 8/15/2023 8/15/2023 15,601.24 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 15,601.24 8/15/2023 8/15/2023 4,839.61 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,839.61 8/16/2023 8/16/2023 4,377.78 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 4,377.78 8/20/2023 8/20/2023 12,384.68 380144AD7 GMALT 2021-2 A4 0.41% 5/20/2025 12,384.68 8/21/2023 8/21/2023 5,901.92 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 5,901.92 9/1/2023 9/25/2023 213.27 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 213.27 9/15/2023 9/15/2023 5,154.12 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 5,154.12 9/15/2023 9/15/2023 16,156.71 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 16,156.71 9/15/2023 9/15/2023 4,825.45 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,825.45 9/15/2023 9/15/2023 3,833.43 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,833.43 9/15/2023 9/15/2023 15,546.14 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 15,546.14 9/16/2023 9/16/2023 4,457.80 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 4,457.80 9/20/2023 9/20/2023 14,709.65 380144AD7 GMALT 2021-2 A4 0.41% 5/20/2025 14,709.65 30 © PFM Asset Management LLC pfmam.com

PAYDOWNS
9/21/2023 9/21/2023 5,874.39 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 5,874.39 Total PAYDOWNS 188,135.13 188,135.13 0.00
SELL
7/3/2023 7/7/2023 225,000.00 3137EAEW5 FREDDIE MAC NOTES 0.25% 9/8/2023 223,230.69 -1,957.61 7/3/2023 7/7/2023 275,000.00 3137EAEW5 FREDDIE MAC NOTES 0.25% 9/8/2023 272,837.50 -2,384.55 7/13/2023 7/20/2023 350,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 317,737.34 -29,575.68 7/13/2023 7/20/2023 150,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 136,173.15 -12,247.04 7/13/2023 7/20/2023 125,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 113,477.63 -10,955.75 7/18/2023 7/25/2023 550,000.00 91282CDV0 US TREASURY N/B NOTES 0.87% 1/31/2024 539,930.00 -1,884.44 7/19/2023 7/26/2023 300,000.00 91282CDV0 US TREASURY N/B NOTES 0.87% 1/31/2024 294,537.96 -1,034.62 7/21/2023 7/25/2023 100,000.00 24422EVU0 JOHN DEERE CAPITAL CORP CORPORATE NOTES 0.62% 9/10/2024 95,030.38 -5,179.51 7/21/2023 7/25/2023 300,000.00 91282CDV0 US TREASURY N/B NOTES 0.87% 1/31/2024 294,436.96 -1,098.19 8/15/2023 8/22/2023 325,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 293,729.24 -29,963.60 8/15/2023 8/22/2023 275,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 248,540.12 -24,645.99 8/16/2023 8/18/2023 325,000.00 91282CDV0 US TREASURY N/B NOTES 0.87% 1/31/2024 318,651.80 -1,060.27 8/16/2023 8/18/2023 200,000.00 91282CDV0 US TREASURY N/B NOTES 0.87% 1/31/2024 196,093.41 -652.48 9/7/2023 9/14/2023 500,000.00 91282CDV0 US TREASURY N/B NOTES 0.87% 1/31/2024 492,097.49 -1,446.24 31 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 400,000.00 AA+ Aaa 1/13/2023 1/17/2023 384,750.00 4.68 589.67 394,062.48395,091.03

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 400,000.00 AA+ Aaa 8/5/2020 8/7/2020 427,531.25 0.18 1,769.02 382,625.00407,829.36

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 150,000.00 AA+ Aaa 4/1/2021 4/5/2021 147,093.75 0.72 94.77 137,835.93148,801.43

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 400,000.00 AA+ Aaa 12/2/2021 12/6/2021 387,968.75 1.13 379.07 361,500.00393,344.76

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 200,000.00 AA+ Aaa 11/2/2021 11/4/2021 194,539.06 1.05 189.54 180,750.00197,042.89

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 75,000.00 AA+ Aaa 2/10/2022 2/14/2022 71,458.01 1.92 235.39 67,558.5972,827.76

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 950,000.00 AA+ Aaa 1/4/2022 1/6/2022 926,843.75 1.33 2,981.66 855,742.14936,150.36

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 750,000.00 AA+ Aaa 8/1/2022 8/4/2022 690,468.75 2.74 789.74 667,500.00707,752.02

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 200,000.00 AA+ Aaa 9/1/2022 9/6/2022 179,007.81 3.53 210.60 178,000.00184,757.08

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 8/8/2022 8/15/2022 819,562.50 3.04 947.69 801,000.00842,481.07

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 800,000.00 AA+ Aaa 7/5/2022 7/8/2022 732,343.75 2.84 842.39 712,000.00752,859.46

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 6/2/2022 6/6/2022 819,035.16 2.94 947.69 801,000.00844,777.28

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 250,000.00 AA+ Aaa 5/3/2022 5/5/2022 226,250.00 3.03 263.25 222,500.00234,135.98

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 2,100,000.00 AA+ Aaa 12/5/2022 12/7/2022 1,954,066.41 3.92 15,864.13 1,931,343.751,984,287.54

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 975,000.00 AA+ Aaa 1/4/2023 1/6/2023 907,092.77 3.96 7,365.49 896,695.31920,009.12 33 © PFM Asset Management LLC pfmam.com

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 250,000.00 AA+ Aaa 11/1/2022 11/4/2022 228,144.53 4.39 1,888.59 229,921.88233,059.04

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 9,500,000.00 AA+ Aaa 1/13/2023 1/17/2023 8,922,578.13 3.72 71,766.30 8,737,031.259,028,727.93

US TREASURY N/B NOTES
DTD 04/30/2022 2.750% 04/30/2027
91282CEN7 1,200,000.00 AA+ Aaa 1/31/2023 2/3/2023 1,155,421.88 3.70 13,809.78 1,122,187.441,162,337.68

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 600,000.00 AA+ Aaa 7/3/2023 7/7/2023 565,640.63 4.30 2,779.89 558,937.50567,630.47

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 800,000.00 AA+ Aaa 3/2/2023 3/6/2023 746,531.25 4.44 3,706.52 745,250.00753,480.86

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 375,000.00 AA+ Aaa 5/1/2023 5/5/2023 362,329.10 3.62 1,737.43 349,335.94363,548.72

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 825,000.00 AA+ Aaa 6/2/2023 6/6/2023 786,779.30 3.97 3,822.35 768,539.06789,729.05 23,000,000.00 21,635,436.54 132,980.96 21,101,316.27Security Type Sub-Total 3.44 21,920,660.89 Supranational

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6 500,000.00 AAA Aaa 11/17/2020 11/24/2020 498,925.00 0.32 440.97 496,250.00499,946.99

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
4581X0DZ8 635,000.00 AAA Aaa 9/15/2021 9/23/2021 634,530.10 0.52 70.56 604,366.33634,846.51 1,135,000.00 1,133,455.10 511.53 1,100,616.33Security Type Sub-Total 0.43 1,134,793.50 Negotiable CD

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 450,000.00 A A1 10/27/2022 10/31/2022 450,000.00 5.58 23,450.00 449,850.11450,000.00

NORDEA BANK ABP NEW YORK CERT
DEPOS
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 450,000.00 AA- Aa3 11/2/2022 11/3/2022 450,000.00 5.53 10,230.50 446,455.35450,000.00 900,000.00 900,000.00 33,680.50 896,305.46Security Type Sub-Total 5.56 900,000.00 34 © PFM Asset Management LLC pfmam.com

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00 AA- Aa3 5/29/2020 6/11/2020 60,000.00 2.00 299.70 58,493.4060,000.00

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
157411TK5 100,000.00 AA- Aa1 11/6/2019 12/5/2019 100,000.00 2.10 350.17 97,269.00100,000.00

NY ST URBAN DEV CORP TXBL REV
BONDS
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 325,000.00 NR NR 12/16/2020 12/23/2020 325,000.00 0.87 125.67 302,487.25325,000.00

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 85,000.00 AA Aa2 7/10/2020 7/16/2020 85,000.00 0.88 283.54 79,293.1085,000.00

FL ST BOARD OF ADMIN TXBL REV
BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 160,000.00 AA Aa3 9/3/2020 9/16/2020 160,000.00 1.26 503.20 148,702.40160,000.00

FL ST BOARD OF ADMIN TXBL REV
BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 85,000.00 AA Aa3 9/3/2020 9/16/2020 85,563.55 1.12 267.32 78,998.1585,205.89

FL ST BOARD OF ADMIN TXBL REV
BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 65,000.00 AA Aa3 9/3/2020 9/16/2020 65,459.55 1.11 204.42 60,410.3565,167.90

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 130,000.00 NR Aa2 10/16/2020 10/29/2020 130,000.00 0.85 184.60 120,195.40130,000.00

LOS ANGELES CCD, CA TXBL GO
BONDS
DTD 11/10/2020 0.773% 08/01/2025
54438CYK2 140,000.00 AA+ Aaa 10/30/2020 11/10/2020 140,000.00 0.77 180.37 129,381.00140,000.00

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
60412AVJ9 100,000.00 AAA Aaa 8/11/2020 8/25/2020 100,000.00 0.63 105.00 92,045.00100,000.00

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
13077DQD7 85,000.00 AA- Aa2 7/9/2021 7/29/2021 85,000.00 0.86 305.29 77,511.5085,000.00

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 3/9/2023 3/15/2023 200,000.00 4.85 807.67 199,210.00200,000.00 1,535,000.00 1,536,023.10 3,616.95 1,443,996.55Security Type Sub-Total 1.59 1,535,373.79 35 © PFM Asset Management LLC pfmam.com

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
3137EAEY1 325,000.00 AA+ Aaa 10/14/2020 10/16/2020 323,787.75 0.25 186.20 324,319.45324,983.39

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
3137EAEZ8 350,000.00 AA+ Aaa 11/3/2020 11/5/2020 349,685.00 0.28 352.43 348,282.55349,989.65

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
3135G06H1 325,000.00 AA+ Aaa 11/23/2020 11/25/2020 324,629.50 0.29 279.86 322,413.98324,980.75

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 300,000.00 AA+ Aaa 12/2/2020 12/4/2020 299,703.00 0.28 243.75 297,312.90299,982.64

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
3130AJHU6 350,000.00 AA+ Aaa 4/15/2020 4/16/2020 348,264.00 0.60 811.81 325,665.55349,466.07

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 350,000.00 AA+ Aaa 4/22/2020 4/24/2020 349,279.00 0.67 966.15 325,922.10349,775.08

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 425,000.00 AA+ Aaa 7/21/2020 7/23/2020 422,883.50 0.48 309.90 390,072.65424,235.32

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 350,000.00 AA+ Aaa 8/25/2020 8/27/2020 348,362.00 0.47 131.25 319,979.10349,376.77

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 AA+ Aaa 9/10/2020 9/11/2020 149,550.00 0.44 42.19 137,126.40149,825.84

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 AA+ Aaa 9/23/2020 9/25/2020 697,893.00 0.44 58.33 638,355.90699,164.82

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 650,000.00 AA+ Aaa 11/9/2020 11/12/2020 647,673.00 0.57 1,300.00 591,260.80649,018.60 4,275,000.00 4,261,709.75 4,681.87 4,020,711.38Security Type Sub-Total 0.44 4,270,798.93 36 © PFM Asset Management LLC pfmam.com

PNC BANK NA CORP NOTES
(CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
693475AV7 400,000.00 A- A3 2/12/2019 2/15/2019 402,848.00 3.34 2,644.44 396,635.20400,133.40

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
808513BN4 105,000.00 A- A2 3/16/2021 3/18/2021 104,947.50 0.77 28.44 102,519.48104,991.90

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
06406RAS6 210,000.00 A A1 4/19/2021 4/26/2021 209,775.30 0.54 452.08 203,806.89209,957.36

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6 400,000.00 A- A1 7/19/2019 7/23/2019 422,916.00 2.59 6,544.44 395,024.00402,775.70

AMERICAN HONDA FINANCE CORP
NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 400,000.00 A- A3 7/11/2019 7/15/2019 398,016.00 2.51 2,506.67 389,955.60399,703.88

GOLDMAN SACHS GROUP INC
(CALLABLE) BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23 400,000.00 BBB+ A2 7/8/2019 7/11/2019 418,632.00 2.84 3,550.56 393,531.60402,042.75

BMW US CAPITAL LLC CORPORATE
NOTES
DTD 08/12/2021 0.750% 08/12/2024
05565EBU8 70,000.00 A A2 8/9/2021 8/12/2021 69,993.70 0.75 71.46 67,029.2069,998.18

WALT DISNEY COMPANY/THE
(CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
254687FK7 400,000.00 A- A2 9/3/2019 9/6/2019 398,368.00 1.84 602.78 386,226.80399,700.50

PACCAR FINANCIAL CORP

CORPORATE NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 175,000.00 A+ A1 10/22/2020 10/29/2020 182,894.25 0.73 481.25 166,415.38177,498.24

AMERICAN EXPRESS CO CORP

NOTES (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 80,000.00 BBB+ A2 3/1/2022 3/4/2022 79,919.20 2.29 135.00 76,009.7679,961.66

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 410,000.00 AA Aa2 3/3/2022 3/10/2022 410,000.00 2.13 509.90 391,038.73410,000.00

HOME DEPOT INC (CALLABLE)

CORPORATE NOTE
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 25,000.00 A A2 3/24/2022 3/28/2022 24,956.25 2.76 311.25 24,018.8324,977.93 37 © PFM Asset Management LLC pfmam.com

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7 225,000.00 BBB+ A3 8/28/2020 9/1/2020 249,738.75 0.88 3,176.25 216,226.35233,357.88

USAA CAPITAL CORP CORPORATE
NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 AA Aa1 5/23/2022 5/26/2022 224,264.25 3.49 3,164.06 216,345.83224,602.93 CINTAS CORPORATION NO. 2 CORP

NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5 65,000.00 A- A3 4/26/2022 5/3/2022 64,985.70 3.46 934.38 62,855.5264,992.44

GENERAL DYNAMICS CORP
(CALLABLE) CORP NO
DTD 05/11/2018 3.500% 05/15/2025
369550BG2 225,000.00 A- A3 10/16/2020 10/20/2020 252,247.50 0.80 2,975.00 217,957.95234,003.37

JPMORGAN CHASE & CO (CALLABLE)

CORP NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 315,000.00 A- A1 5/24/2021 6/1/2021 315,000.00 0.82 865.20 304,504.83315,000.00

AMAZON INC CORP NOTES
(CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 475,000.00 AA A1 6/3/2020 6/5/2020 474,767.25 0.81 1,245.56 439,967.80474,922.03

NATIONAL AUSTRALIA BK/NY

CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 250,000.00 AA- Aa3 5/31/2022 6/9/2022 250,000.00 3.50 2,722.22 241,655.75250,000.00

NATIONAL RURAL UTIL COOP

CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 50,000.00 A- A2 4/27/2022 5/4/2022 49,986.50 3.46 507.92 48,161.0049,992.61

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 225,000.00 A- A3 7/20/2022 7/27/2022 225,000.00 4.00 1,600.00 218,854.35225,000.00

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 225,000.00 A- A1 8/18/2020 8/20/2020 256,918.50 0.93 1,453.13 218,050.88236,834.75

ABBOTT LABORATORIES

CORPORATE NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 AA- Aa3 9/24/2020 9/28/2020 257,845.50 0.86 387.50 218,228.40236,890.03

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 225,000.00 A- A1 12/1/2021 12/6/2021 225,000.00 1.53 1,099.69 212,653.58225,000.00

JPMORGAN CHASE & CO CORP

NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6 175,000.00 A- A1 2/16/2022 2/24/2022 175,000.00 2.60 466.74 166,668.60175,000.00 38 © PFM Asset Management LLC pfmam.com

UNITEDHEALTH GROUP INC
(CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A2 5/17/2021 5/19/2021 224,608.50 1.19 977.50 202,424.63224,794.37

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 8/12/2021 8/16/2021 174,947.50 1.26 297.74 155,733.55174,969.86

CATERPILLAR FINL SERVICE

CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 1/11/2022 1/13/2022 223,863.75 1.81 881.88 201,453.30224,254.36

TARGET CORP CORP NOTES
(CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 1/19/2022 1/24/2022 39,932.00 1.99 164.67 36,091.1239,955.02

BANK OF NY MELLON CORP
(CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A A1 1/26/2022 1/28/2022 473,945.50 2.10 1,758.16 424,572.10474,298.73

MICROSOFT CORP CORP NOTES
(CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 3/14/2023 3/17/2023 721,942.50 4.36 3,781.25 711,781.50725,849.24

AMERICAN EXPRESS CO CORP

NOTES (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 BBB+ A2 1/13/2023 1/18/2023 277,203.00 4.59 573.75 271,137.90281,078.19

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 3/15/2022 3/17/2022 466,089.00 2.70 485.56 433,812.75468,839.49

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 2/17/2023 2/22/2023 284,925.00 4.66 4,950.00 275,009.70287,147.53

NATIONAL AUSTRALIA BK/NY

CORPORATE NOTES
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa3 1/13/2023 1/18/2023 488,325.00 4.50 6,074.44 470,544.50490,189.50

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 1/19/2023 1/23/2023 741,062.75 3.94 1,186.18 714,374.08746,094.20

TOYOTA MOTOR CREDIT CORP

CORPORATE NOTES
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 2/8/2023 2/10/2023 376,282.50 4.55 3,805.99 365,781.00376,116.21 39 © PFM Asset Management LLC pfmam.com

NATIONAL RURAL UTIL COOP CORP

NOTES (CAL
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A- A1 2/17/2023 2/22/2023 329,189.00 4.76 1,785.00 322,859.25331,728.61

TEXAS INSTRUMENTS INC CORP

NOTE (CALLABL
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 5/11/2023 5/18/2023 87,043.40 4.04 499.61 83,239.0686,880.22

BRISTOL-MYERS SQUIBB CO CORP

NOTES (CALL
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 375,000.00 A+ A2 3/9/2023 3/13/2023 358,263.75 4.93 1,665.63 352,721.63360,136.73

LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 60,000.00 A- A2 5/23/2023 5/25/2023 59,892.00 4.49 934.50 57,955.2659,899.67

JOHN DEERE CAPITAL CORP

CORPORATE NOTES
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 375,000.00 A A2 7/21/2023 7/25/2023 377,865.00 4.78 3,970.31 369,412.50377,757.72 11,840,000.00 11,849,400.30 72,228.09 11,223,246.14Security Type Sub-Total 2.88 11,757,327.19 Agency CMBS
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 250,000.00 AA+ Aaa 3/19/2020 3/25/2020 262,382.81 1.95 637.92 242,336.21253,088.47 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 275,000.00 AA+ Aaa 4/11/2023 4/14/2023 263,613.28 4.37 629.06 259,884.21265,562.67 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aaa 4/6/2023 4/12/2023 526,839.84 4.02 1,215.96 511,969.52530,140.21 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 380,000.00 AA+ Aaa 5/19/2023 5/24/2023 368,303.13 4.31 1,059.88 359,902.80369,512.83 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
3137BXQY1 550,000.00 AA+ Aaa 8/16/2023 8/18/2023 518,804.69 4.98 1,477.67 516,090.58519,867.89

FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aaa 6/8/2023 6/13/2023 527,033.20 4.44 1,486.38 515,055.44528,853.34 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 439,574.59 AA+ Aaa 7/19/2023 7/27/2023 439,563.61 4.78 1,749.87 431,373.87439,564.02 40 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 550,000.00 AA+ Aaa 7/13/2023 7/20/2023 555,493.40 4.59 2,208.71 539,882.46555,267.86 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 550,000.00 AA+ Aaa 7/18/2023 7/31/2023 540,675.78 4.58 1,920.42 525,507.52540,997.48 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 800,000.00 AA+ Aaa 9/7/2023 9/14/2023 788,165.60 4.99 3,100.00 777,256.33788,268.43 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 500,000.00 AA+ Aaa 9/20/2023 9/28/2023 494,023.50 5.07 2,000.00 490,943.42494,032.79 5,394,574.59 5,284,898.84 17,485.87 5,170,202.36Security Type Sub-Total 4.52 5,285,155.99 ABS
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 7,905.67 AAA NR 5/18/2021 5/26/2021 7,905.00 0.41 0.99 7,888.927,905.40 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 32,583.46 AAA NR 4/20/2021 4/28/2021 32,580.04 0.38 5.50 31,940.4632,581.93 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 174,780.61 AAA Aaa 6/15/2021 6/23/2021 174,777.64 0.33 25.63 169,532.87174,779.21 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 176,061.06 AAA NR 6/8/2021 6/14/2021 176,042.09 0.26 20.34 171,214.08176,051.93 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 85,713.92 NR Aaa 11/16/2021 11/24/2021 85,695.85 0.89 20.95 82,427.1685,703.89 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 57,634.38 AAA NR 4/13/2021 4/21/2021 57,621.95 0.52 13.32 55,915.7957,628.25 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 68,549.39 AAA NR 11/9/2021 11/17/2021 68,534.09 0.75 22.55 66,243.9468,540.46 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 195,000.00 AAA Aaa 9/20/2021 9/27/2021 194,958.25 0.58 50.27 185,495.58194,975.14 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 73,291.67 AAA Aaa 10/13/2021 10/21/2021 73,289.79 0.68 20.77 70,371.6973,290.54 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 210,000.00 AAA NR 7/12/2022 7/20/2022 209,995.04 3.97 370.53 205,012.84209,996.30 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 140,000.00 AAA Aaa 9/20/2022 9/28/2022 139,971.03 4.46 277.51 137,630.92139,977.33 41 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 275,000.00 AAA NR 10/4/2022 10/12/2022 274,954.93 4.82 552.29 271,000.87274,963.95 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 245,000.00 AAA NR 1/24/2023 1/30/2023 244,999.88 4.63 504.16 240,550.48244,999.90 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 245,000.00 AAA NR 10/27/2022 11/3/2022 244,961.56 4.95 539.00 241,607.22244,968.62 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 170,000.00 NR Aaa 2/13/2023 2/23/2023 169,982.88 5.05 381.56 167,816.98169,985.02 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 130,000.00 AAA NR 3/28/2023 3/31/2023 129,986.44 4.65 268.67 127,653.15129,987.84 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 320,000.00 AAA NR 8/15/2023 8/22/2023 319,934.02 5.42 625.16 318,998.05319,935.63 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 320,000.00 NR Aaa 4/4/2023 4/11/2023 319,981.44 4.31 612.98 311,577.09319,983.22 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 190,000.00 AAA NR 6/7/2023 6/14/2023 189,983.15 4.87 411.24 187,483.34189,984.17 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 490,000.00 AAA NR 5/17/2023 5/24/2023 489,887.64 4.43 962.58 477,948.30489,895.67 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 170,000.00 AAA NR 6/8/2023 6/16/2023 169,961.51 4.79 361.91 167,630.97169,963.80 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 350,000.00 AAA Aaa 6/21/2023 6/28/2023 349,952.72 4.93 766.89 345,782.99349,955.20 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 350,000.00 AAA Aaa 8/15/2023 8/23/2023 349,978.30 5.53 860.22 348,795.93349,978.77 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 405,000.00 AAA NR 9/7/2023 9/15/2023 404,887.73 5.17 928.80 402,783.31404,887.68 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 410,000.00 AAA NR 9/12/2023 9/19/2023 409,981.67 5.23 714.77 408,604.36409,980.85 5,291,520.16 5,290,804.64 9,318.59 5,201,907.29Security Type Sub-Total 4.17 5,290,900.70 53,371,094.75 51,891,728.27 274,504.36 50,158,301.78Managed Account Sub Total Securities Sub Total
Accrued Interest
$53,422,038.70 $51,942,672.22 $274,504.36 $50,209,245.73 $274,504.36
52,095,010.99
$52,145,954.94

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Portfolio Holdings
|
Total Investments $50,483,750.09
43 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Appendix
|
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.

Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.

PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.

It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be lower than the performance shown.

The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion as of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and data presented are not necessarily indicative of future events or expected performance.

For more information regarding PFMAM's services or entities, please visit www.pfmam.com. © 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 44 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Appendix
|
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and other information about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.

Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimated market value.

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.

Money market fund/cash balances are included in performance and duration computations.

Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.

Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Appendix
|
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.

Agencies: Federal agency securities and/or Government-sponsored enterprises.

Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.

Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.

Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector added or subtracted from the overall portfolio performance.

Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.

Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding on investment returns, while nominal yield does not.

FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.

Interest Rate: Interest per year divided by principal amount and expressed as a percentage.

Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.

Maturity: The date upon which the principal or stated value of an investment becomes due and payable.

Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.

Par Value: The nominal dollar face amount of a security.

Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security.
46 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2023
Appendix
|
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.

Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.

Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose decisions are binding on its members.

Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.

Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.

U.S. Treasury: The department of the U.S. government that issues Treasury securities.

Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time period from purchase date to maturity, stated as a percentage on an annualized basis.

YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 47

Lake Elsinore City CouncilJanuary 9, 2024

Lake Elsinore City Council
January 9, 2024