Attachment 1 - Investment Report for July 2024 — Lake Elsinore City Council, August 27, 2024

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account 1,308,034 $ 564,312$ (5,446) $ 1,866,900 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 1,308,034 564,312 (5,446) 1,869,200

INVESTMENTS
Local Agency Investment Funds 90,003,505 - - 90,003,505 CAMP Investments:

CAMP Pool Account 47,107 - - 47,107 U.S. Treasury Bond / Note 22,048,379 - - 22,048,379 Supra-National Agency Bond / Note - - - - Municipal Bond / Note 1,336,023 - - 1,336,023 Federal Agency Commercial Mortgage-Backed Security 8,257,218 - - 8,257,218 Federal Agency Bond / Note 2,266,362 - - 2,266,362 Corporate Note 11,957,396 - - 11,957,396 Certificate of Deposit 900,000 - - 900,000 Bank Note 525,525 - - 525,525 Asset-Backed Security 5,544,480 - - 5,544,480 Sub-total Investments 142,885,995 - - 142,885,995 Market Value Adjustment:

Unrealized Gain/(Loss) at 4/30/2024 (821,059) - - (821 ,059) Total Investments 142,064,936 - - 142,064,936 Total Pooled Cash and Investments 143,372,971 $ 564,312$ (5,446) $ 143,934,136$ TOTAL POOLED CASH AND INVESTMENTS 143,934,136$
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 11, 2024. 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 August 16, 2024
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 JULY 31, 2024

FUND NO FUND NAME AMOUNT
100 General 15,137,802 $
102 Measure Z 24,085,984
106 Affordable Housing In Lieu 1,482,139
107 Developer Agreement Revenue 636,491
108 American Rescue Plan 5,466,095
109 Road Maintenance and Rehabilitation (SB1) 1,953,963 110 State Gas Tax 979,972
111 TUMF C.I.P. 63,146
112 Measure A 1,043,942
114 SB1186 CASP Education Program 69,401
115 Traffic Safety 20,882
116 City Hall-Public Works DIF 377,552
117 Community Center DIF 472,655
118 Lake Side Facility DIF 703,307
119 Animal Shelter DIF 193,470
121 T.R.I.P.-2014A 520
135 Lighting & Landscape Maintenance - Dist. No. 1 1,710,746 140 Geothermal 12,292
160 PEG Grant 1,928
202 La Strada RBBD 25,070
203 E.L.S.P. - S.T.I.F. 3,535,230
205 Traffic Impact Fee 796,095
211 Storm Drain C.I.P. 3,406,130
221 Quimby Park C.I.P. 94,156
231 Library C.I.P. 1,126,304
232 City Fire Protection 1,055,656
300 Insurance Service 332,965
305 Information Systems Service 3,037,728
310 Support Service 29,146
315 Fleet Service 2,328
320 Facilities Service 2,370,379
331 CFD 2006-1CC Summerly Improvement Area CC 146,828
332 CFD 2006-1 Improvement Area B, Summerly 116,939
334 CFD 2015-5 Trieste - Far West Industries 116,787
335 CFD 2003-2E Canyon Hills Improvement Area E 137,351 336 CFD 2006-1FF Summerly Improvement Area FF 139,209
337 CFD 2016-2 Canyon Hills 866,540
338 CFD 2006-1 IA-JJ Summerly Improvement Area 231,408
339 CFD 2006-1 IA-KK Summerly Improvement Area 175,835
340 CFD 2006-1 IA-EE Summerly Improvement Area 201,679
345 CFD 2003-2 Improvement Area D, Canyon Hills 1,576,526 346 CFD 2014-1 Southshore 71,451
347 CFD 2006-1 Improvement Area A, Summerly 181,728
350 CFD 98-1 Summerhill 937,854
351 CFD 2006-1 IA-II Summerly Improvement 234,449
354 CFD 90-2 Tuscany Hills 1,041,495

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 JULY 31, 2024

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 JULY 31, 2024
355 RAD 2021-1 Canyon Hills Improvement 900,075
357 CFD 2003-2 Canyon Hills Improvement Area 581,858
361 CFD 2022-2 Lakeshore Improvement 13,069
363 CFD 2022-3 Lakeside 2,812
364 CFD 2023-2 Coastal Mission Trail Improvement 7,940
366 CFD 2005-6 City Center Townhomes 218,250
368 CFD 2006-2 Viscaya 453,824
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 1,427,125 370 CFD 2006-1 IA-HH Summerly Improvement 217,545
371 CFD 2005-1 Serenity 536,969
372 CFD 2005-2 Alberhill Ranch Improvement Area 1,285,137 374 CFD 2005-4 Lakeview Villas 6,921
375 CFD 2006-4 Clurman 255,830
377 CFD 2006-6 Tessara 97,364
378 CFD 2006-8 Running Deer Estates 108,250
384 CFD 2003-2 Area B Canyon Hills Improvement Area 1,591,560 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 1,477,714 386 CFD 2007-4 Mekenna Court 121,940
387 CFD 2007-5 Red Kite 93,033
388 CFD 2007-6 Holiday Inn Express 6,040
389 CFD 88-3 (2008A) West Lake Elsinore Series A 1,092
390 CFD 2003-2 Area C Canyon Hills Improvement Area 553,685 392 CFD 95-1 City Center 126,541
394 CFD 2005-5 (2012A) Wasson Canyon 237,649
395 CFD 2018-1 Wasson Canyon II Improvement Area 4,480
396 CFD 2018-2 Nichols Ranch Improvement Area 196,627
397 CFD 2018-3 Village at Lakeshore 231,900
500 Capital Improvement Plan 3,371,806
510 Successor To RDA Area I, II, & III 2,813,594
603 Endowment Trust - Carl Graves 64,190
604 Endowment Trust - Korn Memorial 35,321
605 Public Improvement Trust 2,138,348
606 Mobile Source Air Polution Reduction 123,648
608 Trust Deposit & Pre Paid Expense 1,601,888
617 Successor Agency Housing 41,613,074
620 Cost Recovery System 4,554,716
631 Lake Destratification Equipment Replacement 462,769 Total Pooled Cash & Investments 143,934,136$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.03% 47,107 $
U.S. Treasury Bond / Note Unlimited 15.49% 22,048,379 $ Supra-National Agency Bond / Note 30% 0.00% - $
Municipal Bond / Note Unlimited 0.94% 1,336,023 $
Federal Agency Collaterized Mortgage Obligation 40% 5.80% 8,257,21 8$ Federal Agency Bond / Note Unlimited 1.59% (1) 2,266,362$ Corporate Note 30% 8.40% 11,957,396 $
Negotiable Certificates of Deposit 30% 0.63% 900,000 $
Asset-Backed Security / Collaterized Mortgage 20% 3.89% 5,544,480 $ LAIF (Local Agency Investment Funds) $150 Million 63.22% (2) 90,003,505$ TOTAL 100.00% 142,360 ,470$
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 JULY 31, 2024

Local Agency Investment Fund

July 4.516
June 4.480
May 4.332
April 4.272
March 4.232
February 4.122
PMIA Average Life(1): 217
LAIF Fair Value Factor(1): 0.996316042
PMIA Daily(1): 4.52
PMIA Quarter to Date(1): 4.36
LAIF Apportionment Rate(2): 4.55
LAIF Earnings Ratio(2): 0.00012419067099490
LAIF Administrative Cost(1)*: 0.16
Treasuries

56.92%
Agencies

24.41%
Certificates of
Deposit/Bank Notes

8.68%
Time
Deposits

2.84%
Commercial
Paper

6.56%
Corporate
Bonds

0.39%
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.

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 8/07/24
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 06/30/24
Chart does not include $1,567,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
6/30/24
$178.0 billion

Yield Purchase Date Maturity Rate

4.516% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 94,146,410$ (4,142,904) $ 90,003,505 $ 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 JULY 31, 2024
CAMP
Investment Portfolio

For the Month Ending July 31, 2024Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
88,805.27
1,130,657.05
(1,172,355.57)

0.00 $47,106.75
CAMP Pool
Unsettled Trades 0.00
1,217.04 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
52,198,072.57
1,166,868.64
(989,204.58)
611,578.75
$52,987,315.38
CAMP Managed Account
Unsettled Trades 0.00
105,622.24 Cash Dividends and Income
July 31, 2024 June 30, 2024
Asset Summary
CAMP Pool 47,106.75 88,805.27
CAMP Managed Account 52,987,315.38 52,198,072.57
$53,034,422.13 $52,286,877.84 Total
Asset Allocation

0.09%
CAMP Pool

99.91%
CAMP Managed
Account

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For the Month Ending July 31, 2024Managed 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
$88,805.27
1,130,657.05
(1,172,355.57)
$47,106.75
1,217.04
$52,198,072.57
(513,060.05)
(476,144.53)
1,166,868.64

0.00 611,578.75
$52,987,315.38
$52,286,877.84
$53,034,422.13
121,610.43
(1,407.46)
(14,580.73)
$105,622.24
468,299.40
477,741.33
111,714.23
53,060.05
(1,168,276.10)
57,461.09

0.00 Managed Account Total
53,145,429.23 53,192,535.98
351,795.63
477,741.33
521,359.45
111,714.23
(1,168,276.10)
(52,942,503.35)
(329,637.31)

0.00 351,795.63
1,650,096.90
521,359.45
111,714.23
(2,298,933.15)
(53,031,308.62)
(329,637.31)
1,217.04
Total Accrual Basis Earnings $167,623.11 $168,840.15
Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
$0.00 Closing Cash Balance

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For the Month Ending July 31, 2024
Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 23,250,000.00 22,355,277.23 42.14 Municipal Bond / Note 1,335,000.00 1,301,446.85 2.45 Federal Agency Commercial
Mortgage-Backed Security
8,385,679.63 8,341,719.95 15.73
Federal Agency Bond / Note 2,275,000.00 2,168,033.80 4.09 Corporate Note 12,020,000.00 11,831,544.02 22.31
Certificate of Deposit 900,000.00 904,842.47 1.71
Bank Note 525,000.00 527,882.78 1.00
Asset-Backed Security 5,545,284.98 5,556,568.28 10.48 Managed Account Sub-Total 54,235,964.61 52,987,315.38 99.91% Accrued Interest 351,795.63
Total Portfolio 54,235,964.61 53,339,111.01
CAMP Pool 47,106.75 47,106.75 0.09
Total Investments 54,283,071.36 53,386,217.76 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

10.48%
ABS

1.00%
Bank Note

1.71%
Cert of Deposit

22.31%
Corporate Note

4.09%
Fed Agy Bond /
Note

15.73%
Federal Agency
Commercial
Mortgage-Backed
Security

0.09%
Joint Powers
Authority

2.45%
Muni Bond / Note

42.14%
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

0.87%

6.25%

8.39%

34.20% 33.52%

16.77%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1077

3.95%

4.41%

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For the Month Ending July 31, 2024
Managed Account Issuer Summary

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

5.84%
A

4.78%
A+

3.09%
A-

3.61%
AA

63.37%
AA+

5.67%
AA-

10.55%
AAA

0.09%
AAAm

0.68%
BBB+

2.32%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
222,860.93 0.42 ABBOTT LABORATORIES
381,230.25 0.72 ADOBE INC
343,630.18 0.65 AIR PRODUCTS & CHEMICALS
459,010.55 0.87 AMAZON.COM INC
1,471,892.47 2.78 AMERICAN EXPRESS CO
742,067.93 1.40 APPLE INC
795,821.32 1.50 BANK OF AMERICA CO
450,640.58 0.85 BERKSHIRE HATHAWAY INC
782,030.80 1.47 BLACKROCK INC
233,068.15 0.44 BMW FINANCIAL SERVICES NA LLC
366,652.13 0.69 BRISTOL-MYERS SQUIBB CO
80,829.05 0.15 CALIFORNIA STATE UNIVERSITY
47,106.75 0.09 CAMP Pool
732,629.09 1.38 CAPITAL ONE FINANCIAL CORP
194,672.65 0.37 CARMAX AUTO OWNER TRUST
210,223.58 0.40 CATERPILLAR INC
100,000.00 0.19 CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 288,936.90 0.54 CHARLES SCHWAB
408,884.96 0.77 CHASE ISSURANCE
64,153.25 0.12 CINTAS CORPORATION NO. 2
427,321.86 0.81 CISCO SYSTEMS INC
779,433.75 1.47 CITIGROUP INC
381,696.75 0.72 DEERE & COMPANY
861,861.72 1.63 DISCOVER FINANCIAL SERVICES
1,494,459.48 2.81 FANNIE MAE
143,068.50 0.27 FEDERAL HOME LOAN BANKS
352,451.05 0.66 FIFTH THIRD AUTO TRUST
299,227.50 0.56 FLORIDA STATE BOARD OF ADMIN FIN CORP 129,441.39 0.24 FORD CREDIT AUTO OWNER TRUST
8,872,225.77 16.72 FREDDIE MAC
222,047.78 0.42 GENERAL DYNAMICS CORP
307,775.30 0.58 GM FINANCIAL CONSUMER AUTOMOBILE TRUST

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For the Month Ending July 31, 2024Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
169,788.49 0.32 HARLEY-DAVIDSON MOTORCYCLE TRUST
404,428.21 0.76 HOME DEPOT INC
443,294.15 0.84 HONDA AUTO RECEIVABLES
26,033.88 0.05 HYUNDAI AUTO RECEIVABLES
222,747.53 0.42 IBM CORP
172,484.90 0.33 JP MORGAN CHASE & CO
59,963.70 0.11 LOCKHEED MARTIN CORP
731,241.75 1.38 MICROSOFT CORP
527,882.78 1.00 MORGAN STANLEY
738,313.25 1.39 NATIONAL AUSTRALIA BANK LTD
385,383.10 0.73 NATIONAL RURAL UTILITIES CO FINANCE CORP 316,325.75 0.60 NEW YORK ST URBAN DEVELOPMENT CORP
183,982.64 0.35 NISSAN AUTO RECEIVABLES
451,297.80 0.85 NORDEA BANK ABP
171,781.05 0.32 PACCAR FINANCIAL CORP
402,893.47 0.76 ROCHE HOLDINGS INC
124,827.30 0.24 SAN JUAN UNIFIED SCHOOL DISTRICT
201,896.00 0.38 STATE OF CALIFORNIA
95,942.25 0.18 STATE OF MINNESOTA
37,717.92 0.07 TARGET CORP
85,459.17 0.16 TEXAS INSTRUMENTS INC
446,625.88 0.84 THE BANK OF NEW YORK MELLON CORPORATION 453,544.67 0.86 TORONTO-DOMINION BANK
661,872.66 1.25 TOYOTA MOTOR CORP
22,355,277.23 42.14 UNITED STATES TREASURY
211,581.00 0.40 UNITEDHEALTH GROUP INC
82,399.00 0.16 UNIVERSITY OF CALIFORNIA
222,084.23 0.42 USAA CAPITAL CORP
$53,034,422.13 Total 100.00%

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For the Month Ending July 31, 2024Managed Account Detail of Securities Held

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
47,992.19 49,791.47 10.87 49,031.25 04/05/2104/01/21AaaAA+ 50,000.00 912828ZW3 0.72

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
9,051,718.75 9,154,703.37 40,271.74 8,922,578.13 01/17/2301/13/23AaaAA+ 9,500,000.00 912828U24 3.72

US TREASURY NOTES
DTD 04/30/2022 2.750% 04/30/2027
1,158,000.00 1,171,126.52 8,339.67 1,155,421.88 02/03/2301/31/23AaaAA+ 1,200,000.00 91282CEN7 3.70

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
361,054.69 366,045.24 28.02 362,329.10 05/05/2305/01/23AaaAA+ 375,000.00 91282CFB2 3.62

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
385,125.00 381,811.31 29.89 373,265.62 03/06/2303/02/23AaaAA+ 400,000.00 91282CFB2 4.44

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
577,687.50 574,687.44 44.84 565,640.63 07/07/2307/03/23AaaAA+ 600,000.00 91282CFB2 4.30

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
794,320.31 797,418.57 61.65 786,779.30 06/06/2306/02/23AaaAA+ 825,000.00 91282CFB2 3.97

US TREASURY NOTES
DTD 11/30/2022 3.875% 11/30/2027
1,169,308.54 1,171,161.66 7,712.94 1,170,501.95 01/05/2401/02/24AaaAA+ 1,175,000.00 91282CFZ9 3.98

US TREASURY NOTES
DTD 11/30/2022 3.875% 11/30/2027
1,194,187.44 1,186,728.71 7,877.05 1,184,109.38 12/05/2312/01/23AaaAA+ 1,200,000.00 91282CFZ9 4.24

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
399,875.00 394,167.23 6,695.65 393,640.63 04/05/2404/03/24AaaAA+ 400,000.00 91282CGP0 4.45

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
599,812.50 602,208.70 10,043.48 602,507.81 02/06/2402/02/24AaaAA+ 600,000.00 91282CGP0 3.89

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
1,349,578.13 1,336,783.68 22,597.83 1,335,287.11 03/06/2403/01/24AaaAA+ 1,350,000.00 91282CGP0 4.30

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
2,449,234.37 2,387,547.74 41,010.87 2,383,390.63 05/06/2405/01/24AaaAA+ 2,450,000.00 91282CGP0 4.79

US TREASURY NOTES
DTD 06/30/2021 1.250% 06/30/2028
202,851.56 199,165.88 244.57 198,641.60 07/03/2407/01/24AaaAA+ 225,000.00 91282CCH2 4.49

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For the Month Ending July 31, 2024Managed Account Detail of Securities Held

US TREASURY NOTES
DTD 06/30/2021 1.250% 06/30/2028
2,614,531.25 2,576,789.08 3,152.17 2,565,253.91 06/11/2406/06/24AaaAA+ 2,900,000.00 91282CCH2 4.39 148,121.24 22,355,277.23 22,350,136.60 4.04 22,048,378.93 23,250,000.00 Security Type Sub-Total Municipal Bond / Note

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
100,000.00 100,000.00 1,050.50 100,000.00 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
316,325.75 325,000.00 1,068.17 325,000.00 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
82,399.00 85,000.00 158.45 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
62,741.25 65,087.76 68.14 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
82,046.25 85,107.62 89.11 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
154,440.00 160,000.00 167.73 160,000.00 09/16/2009/03/20Aa3AA 160,000.00 341271AD6 1.26

MINNESOTA ST-F-UNREF MUNICIPAL
BONDS
DTD 08/25/2020 0.630% 08/01/2025
95,942.25 100,000.00 315.00 100,000.00 05/07/2405/07/24AaaAAA 100,000.00 60412AK85 5.29

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
124,827.30 130,000.00 553.80 130,000.00 10/29/2010/16/20Aa2NR 130,000.00 798306WP7 0.85

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
80,829.05 85,000.00 183.18 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
201,896.00 200,000.00 4,038.33 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85 7,692.41 1,301,446.85 1,335,195.38 1.98 1,336,023.10 1,335,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security

Page 7 ends

For the Month Ending July 31, 2024Managed 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 K043 A2
DTD 03/01/2015 3.062% 12/01/2024
241,038.83 244,288.90 621.15 255,487.04 03/25/2003/19/20AaaAA+ 243,429.67 3137BGK24 1.95 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
266,939.49 269,060.10 629.06 263,613.28 04/14/2304/11/23AaaAA+ 275,000.00 3137BNGT5 4.37 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
528,522.79 535,992.61 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
363,902.26 366,699.31 1,043.80 362,712.91 05/24/2305/19/23AaaAA+ 374,232.24 3137BTUM1 4.31 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
531,832.92 527,237.81 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
531,319.42 533,900.07 1,486.38 527,033.20 06/13/2306/08/23AaaAA+ 550,000.00 3137F1G44 4.44 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
399,503.80 396,007.88 1,603.18 396,007.45 12/14/2312/06/23AaaAA+ 396,010.63 3137HBC69 4.86 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
439,309.35 436,998.49 1,739.65 436,996.21 07/27/2307/19/23AaaAA+ 437,007.09 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
554,884.67 554,325.51 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
543,116.13 542,580.06 1,920.42 540,675.78 07/31/2307/18/23AaaAA+ 550,000.00 3136BQDE6 4.58 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
503,392.17 490,647.83 1,975.00 489,032.00 10/19/2310/11/23AaaAA+ 500,000.00 3137HAQ74 5.26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
802,749.89 790,093.69 3,100.00 788,165.60 09/14/2309/07/23AaaAA+ 800,000.00 3137HAMH6 4.99 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
379,086.03 364,699.08 1,515.63 363,043.88 10/31/2310/25/23AaaAA+ 375,000.00 3137HAST4 5.60 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
504,572.04 494,942.23 2,000.00 494,023.50 09/28/2309/20/23AaaAA+ 500,000.00 3137HAMS2 5.07

Page 8 ends

For the Month Ending July 31, 2024Managed 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 K510 A2
DTD 11/01/2023 5.069% 10/01/2028
183,387.61 179,546.26 760.35 179,479.62 11/21/2311/14/23AaaAA+ 180,000.00 3137HB3D4 5.14 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
278,120.05 274,306.02 1,113.75 274,209.93 12/07/2311/28/23AaaAA+ 275,000.00 3137HB3G7 4.93 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
290,179.83 292,636.99 1,104.90 292,899.71 02/08/2402/01/24AaaAA+ 290,000.00 3137HBLV4 4.34 FHMS K524 A2
DTD 07/25/2024 4.720% 05/01/2029
443,701.87 442,692.49 346.13 442,702.04 07/25/2407/16/24AaaAA+ 440,000.00 3137HDV56 4.58 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
556,160.80 549,998.39 2,201.38 549,998.35 06/13/2406/05/24AaaAA+ 550,000.00 3137HDJJ0 4.80 28,063.12 8,341,719.95 8,286,653.72 4.68 8,257,218.43 8,385,679.63 Security Type Sub-Total Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
407,268.15 424,589.23 44.27 422,883.50 07/23/2007/21/20AaaAA+ 425,000.00 3137EAEU9 0.48

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
334,153.40 349,650.67 568.75 348,362.00 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
143,068.50 149,901.29 229.69 149,550.00 09/11/2009/10/20AaaAA+ 150,000.00 3130AK5E2 0.44

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
666,353.80 699,517.15 933.33 697,893.00 09/25/2009/23/20AaaAA+ 700,000.00 3137EAEX3 0.44

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
617,189.95 649,408.35 758.33 647,673.00 11/12/2011/09/20AaaAA+ 650,000.00 3135G06G3 0.57 2,534.37 2,168,033.80 2,273,066.69 0.49 2,266,361.50 2,275,000.00 Security Type Sub-Total Corporate Note

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
69,897.80 69,999.94 246.46 69,993.70 08/12/2108/09/21A2A 70,000.00 05565EBU8 0.75

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For the Month Ending July 31, 2024Managed Account Detail of Securities Held

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
171,781.05 175,955.81 1,531.25 182,894.25 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
78,586.16 79,984.15 735.00 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
402,893.47 410,000.00 3,423.64 410,000.00 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
24,558.83 24,989.91 198.75 24,956.25 03/28/2203/24/22A2A 25,000.00 437076CM2 2.76 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
64,153.25 64,996.43 560.63 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
222,084.23 224,812.46 1,898.44 224,264.25 05/26/2205/23/22Aa1AA 225,000.00 90327QD89 3.49

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
222,047.78 228,831.94 1,662.50 252,247.50 10/20/2010/16/20A2A 225,000.00 369550BG2 0.80

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
459,010.55 474,960.95 612.22 474,767.25 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
246,656.25 250,000.00 1,263.89 250,000.00 06/09/2205/31/22Aa2AA- 250,000.00 63254ABD9 3.50

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
49,290.00 49,996.23 220.42 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
222,747.53 225,000.00 100.00 225,000.00 07/27/2207/20/22A3A- 225,000.00 459200KS9 4.00

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For the Month Ending July 31, 2024Managed Account Detail of Securities Held

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
222,397.20 231,447.29 4,359.38 256,918.50 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
222,860.93 231,069.07 3,293.75 257,845.50 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
221,919.08 225,000.00 525.94 225,000.00 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
172,484.90 175,000.00 1,980.49 175,000.00 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
211,581.00 224,859.90 546.25 224,608.50 05/19/2105/17/21A2A+ 225,000.00 91324PEC2 1.19

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
163,170.35 174,978.65 1,026.91 174,947.50 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
210,223.58 224,444.67 244.38 223,863.75 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
37,717.92 39,966.43 34.67 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
446,625.88 474,475.06 135.24 473,945.50 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
731,241.75 731,867.20 12,031.25 721,942.50 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
284,221.80 285,695.11 3,123.75 277,203.00 01/18/2301/13/23A2BBB+ 300,000.00 025816CS6 4.59

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For the Month Ending July 31, 2024Managed Account Detail of Securities Held

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
450,640.58 470,329.54 4,127.22 466,089.00 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
288,936.90 290,214.83 3,300.00 284,925.00 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
491,657.00 492,410.89 2,820.28 488,325.00 01/18/2301/13/23Aa2AA- 500,000.00 63254ABE7 4.50

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
742,067.93 752,208.12 8,677.85 741,062.75 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
376,709.25 375,898.54 915.36 376,282.50 02/10/2302/08/23A1A+ 375,000.00 89236TKQ7 4.55

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
336,093.10 335,233.50 5,751.67 329,189.00 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
85,459.17 86,514.25 1,802.94 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
366,652.13 362,964.74 6,540.63 358,263.75 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
59,963.70 59,917.80 563.67 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
381,696.75 377,276.54 876.56 377,865.00 07/25/2307/21/23A1A 375,000.00 24422EXB0 4.78

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For the Month Ending July 31, 2024Managed Account Detail of Securities Held

CITIBANK NA CORP NOTES (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
779,433.75 746,823.91 14,749.29 746,280.00 10/04/2310/02/23Aa3A+ 750,000.00 17325FBB3 5.92

AIR PRODUCTS & CHEMICALS CORP NOTES
(CAL
DTD 02/08/2024 4.600% 02/08/2029
343,630.18 339,586.92 7,515.89 339,547.80 02/08/2402/06/24A2A 340,000.00 009158BH8 4.63

CISCO SYSTEMS INC CORPORATE NOTES
(CALLA
DTD 02/26/2024 4.850% 02/26/2029
427,321.86 419,864.34 8,770.42 419,853.00 02/26/2402/21/24A1AA- 420,000.00 17275RBR2 4.86

BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029
50,453.60 49,915.67 894.31 49,909.50 03/14/2403/05/24Aa3AA- 50,000.00 09290DAA9 4.74

BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029
731,577.20 725,330.59 12,967.43 725,355.25 03/14/2403/06/24Aa3AA- 725,000.00 09290DAA9 4.69

ADOBE INC CORP NOTES (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
172,824.38 169,788.62 2,652.00 169,775.60 04/04/2404/02/24A1A+ 170,000.00 00724PAF6 4.83

ADOBE INC CORP NOTES (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
208,405.87 204,712.27 3,198.00 204,694.55 04/04/2404/01/24A1A+ 205,000.00 00724PAF6 4.83

HOME DEPOT INC CORPORATE NOTES
(CALLABLE
DTD 06/25/2024 4.750% 06/25/2029
126,623.13 124,208.19 593.75 124,193.75 06/25/2406/17/24A2A 125,000.00 437076DC3 4.90

HOME DEPOT INC CORPORATE NOTES
(CALLABLE
DTD 06/25/2024 4.750% 06/25/2029
253,246.25 248,652.10 1,187.50 248,627.50 06/25/2406/18/24A2A 250,000.00 437076DC3 4.88 127,659.98 11,831,544.02 11,930,182.56 3.65 11,957,395.70 12,020,000.00 Security Type Sub-Total Certificate of Deposit

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
453,544.67 450,000.00 19,670.00 450,000.00 10/31/2210/27/22A1A 450,000.00 89115B6K1 5.58

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For the Month Ending July 31, 2024Managed Account Detail of Securities Held

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
451,297.80 450,000.00 6,083.00 450,000.00 11/03/2211/02/22Aa3AA- 450,000.00 65558UYF3 5.53 25,753.00 904,842.47 900,000.00 5.56 900,000.00 900,000.00 Security Type Sub-Total Bank Note

MORGAN STANLEY BANK NA BANK NOTES
(CALLA
DTD 07/19/2024 4.968% 07/14/2028
527,882.78 525,519.23 869.40 525,525.00 07/19/2407/18/24Aa3A+ 525,000.00 61690U8E3 4.94 869.40 527,882.78 525,519.23 4.94 525,525.00 525,000.00 Security Type Sub-Total Asset-Backed Security
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
44,758.34 45,158.24 6.62 45,157.69 06/23/2106/15/21AaaAAA 45,158.46 65480BAC1 0.33 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
41,494.67 41,836.18 4.83 41,832.99 06/14/2106/08/21NRAAA 41,837.50 89190GAC1 0.26 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
35,093.07 35,724.35 8.73 35,719.49 11/24/2111/16/21AaaNR 35,727.02 43815GAC3 0.89 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14,554.37 14,679.50 3.39 14,677.35 04/21/2104/13/21NRAAA 14,680.52 14314QAC8 0.52 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
26,033.88 26,430.65 8.69 26,427.10 11/17/2111/09/21NRAAA 26,433.00 44935FAD6 0.75 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
193,770.68 194,982.16 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
33,870.60 34,572.58 9.80 34,572.08 10/21/2110/13/21AaaAAA 34,572.96 362554AC1 0.68 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
180,118.28 181,873.07 320.91 181,871.23 07/20/2207/12/22NRAAA 181,875.52 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
139,224.30 139,982.55 277.51 139,971.03 09/28/2209/20/22AaaAAA 140,000.00 65480JAC4 4.46

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For the Month Ending July 31, 2024Managed 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
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
273,904.70 274,971.72 552.29 274,954.93 10/12/2210/04/22NRAAA 275,000.00 36265QAD8 4.82 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
243,668.74 244,999.92 504.16 244,999.88 01/30/2301/24/23NRAAA 245,000.00 891940AC2 4.63 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
245,532.73 244,975.11 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
169,788.49 169,988.00 381.56 169,982.88 02/23/2302/13/23AaaNR 170,000.00 41285JAD0 5.05 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
129,441.39 129,990.16 268.67 129,986.44 03/31/2303/28/23NRAAA 130,000.00 344928AD8 4.65 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
322,012.74 319,947.89 625.16 319,934.02 08/22/2308/15/23NRAAA 320,000.00 43815QAC1 5.42 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
317,191.33 319,986.37 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
170,154.82 169,970.34 361.91 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
190,369.27 189,987.03 411.24 189,983.15 06/14/2306/07/23NRAAA 190,000.00 02582JJZ4 4.87 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
487,096.36 489,914.52 962.58 489,887.64 05/24/2305/17/23NRAAA 490,000.00 14041NGD7 4.43 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
350,899.71 349,963.15 766.89 349,952.72 06/28/2306/21/23AaaAAA 350,000.00 254683CZ6 4.93 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
86,188.34 84,987.15 133.88 84,985.03 11/08/2311/01/23AaaNR 85,000.00 438123AC5 5.67 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
352,451.05 349,982.40 860.22 349,978.30 08/23/2308/15/23AaaAAA 350,000.00 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
408,884.96 404,905.43 928.80 404,887.73 09/15/2309/07/23NRAAA 405,000.00 161571HT4 5.17

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For the Month Ending July 31, 2024Managed Account Detail of Securities Held

Page 16 ends

For the Month Ending July 31, 2024Managed 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
(1,799.28)(1,039.06) 47,992.19 95.98 GOLDMAN 50,000.00 912828ZW3US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025

4.78 0.92
(102,984.62) 129,140.62 9,051,718.75 95.28 JPM_CHA 9,500,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.18 2.24
(13,126.52) 2,578.12 1,158,000.00 96.50 BNP_PAR 1,200,000.00 91282CEN7US TREASURY NOTES DTD 04/30/2022 2.750% 04/30/2027

4.11 2.65
(4,990.55)(1,274.41) 361,054.69 96.28 MORGAN_ 375,000.00 91282CFB2US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027

4.08 2.90
3,313.69 11,859.38 385,125.00 96.28 BMO 400,000.00 91282CFB2US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027

4.08 2.90
3,000.06 12,046.87 577,687.50 96.28 CITIGRP 600,000.00 91282CFB2US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027

4.08 2.90
(3,098.26) 7,541.01 794,320.31 96.28 HSBC 825,000.00 91282CFB2US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027

4.08 2.90
(1,853.12)(1,193.41) 1,169,308.54 99.52 CITIGRP 1,175,000.00 91282CFZ9US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027

4.03 3.14
7,458.73 10,078.06 1,194,187.44 99.52 HSBC 1,200,000.00 91282CFZ9US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027

4.03 3.14
5,707.77 6,234.37 399,875.00 99.97 JPM_CHA 400,000.00 91282CGP0US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028

4.01 3.32
(2,396.20)(2,695.31) 599,812.50 99.97 CITIGRP 600,000.00 91282CGP0US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028

4.01 3.32
12,794.45 14,291.02 1,349,578.13 99.97 CITIGRP 1,350,000.00 91282CGP0US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028

4.01 3.32
61,686.63 65,843.74 2,449,234.37 99.97 HSBC 2,450,000.00 91282CGP0US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028

4.01 3.32
3,685.68 4,209.96 202,851.56 90.16 BMO 225,000.00 91282CCH2US TREASURY NOTES DTD 06/30/2021 1.250% 06/30/2028

3.99 3.82
37,742.17 49,277.34 2,614,531.25 90.16 BMO 2,900,000.00 91282CCH2US TREASURY NOTES DTD 06/30/2021 1.250% 06/30/2028

3.99 3.82
306,898.30 4.09 5,140.63 22,355,277.23 23,250,000.00 Security Type Sub-Total 2.85 Municipal Bond / Note

Page 17 ends

For the Month Ending July 31, 2024Managed Account Fair Market Value & Analytics

0.00 0.00 100,000.00 100.00 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024

2.08 0.00
(8,674.25)(8,674.25) 316,325.75 97.33 WELLS_F 325,000.00 650036DT0NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025

5.27 0.62
(2,601.00)(2,601.00) 82,399.00 96.94 04/15/25JPM_CHA 85,000.00 91412HGE7UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025

4.87 0.71
(2,346.51)(2,718.30) 62,741.25 96.53 MERRILL 65,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.18 0.92
(3,061.37)(3,517.30) 82,046.25 96.53 MERRILL 85,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.18 0.92
(5,560.00)(5,560.00) 154,440.00 96.53 MERRILL 160,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.18 0.92
(4,057.75)(4,057.75) 95,942.25 95.94 MORGAN_ 100,000.00 60412AK85MINNESOTA ST-F-UNREF MUNICIPAL BONDS
DTD 08/25/2020 0.630% 08/01/2025

4.82 1.00
(5,172.70)(5,172.70) 124,827.30 96.02 KEYBANC 130,000.00 798306WP7SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025

4.97 1.00
(4,170.95)(4,170.95) 80,829.05 95.09 JPM_CHA 85,000.00 13077DQD7CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025

4.95 1.25
1,896.00 1,896.00 201,896.00 100.95 WELLS_F 200,000.00 13063D3N6CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027

4.45 2.41
(34,576.25) 4.77 (33,748.53) 1,301,446.85 1,335,000.00 Security Type Sub-Total 1.03 Federal Agency Commercial Mortgage-Backed Security
(3,250.07)(14,448.21) 241,038.83 99.02 CITIGRP 243,429.67 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024

6.02 0.33
(2,120.61) 3,326.21 266,939.49 97.07 BAIRD 275,000.00 3137BNGT5FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026

4.89 1.29
(7,469.82) 1,682.95 528,522.79 96.10 BREAN 550,000.00 3137BSP72FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026

4.70 1.92
(2,797.05) 1,189.35 363,902.26 97.24 CITIGRP 374,232.24 3137BTUM1FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026

4.64 2.06

Page 18 ends

For the Month Ending July 31, 2024Managed 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
4,595.11 13,028.23 531,832.92 96.70 MORGAN_ 550,000.00 3137BXQY1FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027

4.58 2.33
(2,580.65) 4,286.22 531,319.42 96.60 CITIGRP 550,000.00 3137F1G44FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027

4.60 2.47
3,495.92 3,496.35 399,503.80 100.88 JPM_CHA 396,010.63 3137HBC69FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028

4.60 3.06
2,310.86 2,313.14 439,309.35 100.53 JPM_CHA 437,007.09 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028

4.63 2.62
559.16 (608.73) 554,884.67 100.89 JPM_CHA 550,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028

4.57 3.39
536.07 2,440.35 543,116.13 98.75 JPM_CHA 550,000.00 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028

4.54 3.54
12,744.34 14,360.17 503,392.17 100.68 BMO 500,000.00 3137HAQ74FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028

4.55 3.55
12,656.20 14,584.29 802,749.89 100.34 WELLS_F 800,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028

4.56 3.53
14,386.95 16,042.15 379,086.03 101.09 MORGAN_ 375,000.00 3137HAST4FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028

4.56 3.62
9,629.81 10,548.54 504,572.04 100.91 MERRILL 500,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028

4.55 3.58
3,841.35 3,907.99 183,387.61 101.88 JPM_CHA 180,000.00 3137HB3D4FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028

4.57 3.64
3,814.03 3,910.12 278,120.05 101.13 MERRILL 275,000.00 3137HB3G7FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028

4.56 3.68
(2,457.16)(2,719.88) 290,179.83 100.06 JPM_CHA 290,000.00 3137HBLV4FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028

4.56 3.78
1,009.38 999.83 443,701.87 100.84 AMHERST 440,000.00 3137HDV56FHMS K524 A2 DTD 07/25/2024 4.720% 05/01/2029

4.52 4.18
6,162.41 6,162.45 556,160.80 101.12 MORGAN_ 550,000.00 3137HDJJ0FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029

4.54 4.08
84,501.52 4.63 55,066.23 8,341,719.95 8,385,679.63 Security Type Sub-Total 3.07 Federal Agency Bond / Note

Page 19 ends

For the Month Ending July 31, 2024Managed 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 Bond / Note
(17,321.08)(15,615.35) 407,268.15 95.83 WELLS_F 425,000.00 3137EAEU9FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025

4.81 0.97
(15,497.27)(14,208.60) 334,153.40 95.47 BARCLAY 350,000.00 3135G05X7FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025

4.77 1.07
(6,832.79)(6,481.50) 143,068.50 95.38 WELLS_F 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025

4.76 1.09
(33,163.35)(31,539.20) 666,353.80 95.19 CITIGRP 700,000.00 3137EAEX3FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025

4.73 1.14
(32,218.40)(30,483.05) 617,189.95 94.95 BARCLAY 650,000.00 3135G06G3FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025

4.64 1.27
(98,327.70) 4.73 (105,032.89) 2,168,033.80 2,275,000.00 Security Type Sub-Total 1.13 Corporate Note
(102.14)(95.90) 69,897.80 99.85 GOLDMAN 70,000.00 05565EBU8BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024

5.12 0.03
(4,174.76)(11,113.20) 171,781.05 98.16 MERRILL 175,000.00 69371RQ66PACCAR FINANCIAL CORP CORPORATE NOTES
DTD 02/06/2020 1.800% 02/06/2025

5.46 0.51
(1,397.99)(1,333.04) 78,586.16 98.23 02/01/25BARCLAY 80,000.00 025816CQ0AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

5.31 0.50
(7,106.53)(7,106.53) 402,893.47 98.27 02/10/25DEUTSCH 410,000.00 771196BT8ROCHE HOLDINGS INC (CALLABLE)

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

5.04 0.52
(431.08)(397.42) 24,558.83 98.24 03/15/25MORGAN_ 25,000.00 437076CM2HOME DEPOT INC (CALLABLE) CORPORATE NOTE
DTD 03/28/2022 2.700% 04/15/2025

5.26 0.62
(843.18)(832.45) 64,153.25 98.70 04/01/25KEYBANC 65,000.00 17252MAP5CINTAS CORPORATION NO. 2 CORP NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025

5.23 0.66
(2,728.23)(2,180.02) 222,084.23 98.70 MERRILL 225,000.00 90327QD89USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025

5.14 0.74

Page 20 ends

For the Month Ending July 31, 2024Managed 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
(6,784.16)(30,199.72) 222,047.78 98.69 03/15/25JPM_CHA 225,000.00 369550BG2GENERAL DYNAMICS CORP (CALLABLE)

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

5.21 0.62
(15,950.40)(15,756.70) 459,010.55 96.63 05/03/25GOLDMAN 475,000.00 023135BQ8AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025

4.93 0.76
(3,343.75)(3,343.75) 246,656.25 98.66 CITIGRP 250,000.00 63254ABD9NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025

5.11 0.85
(706.23)(696.50) 49,290.00 98.58 RBC 50,000.00 63743HFE7NATIONAL RURAL UTIL COOP CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025

5.13 0.87
(2,252.47)(2,252.47) 222,747.53 99.00 JPM_CHA 225,000.00 459200KS9IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025

5.05 0.98
(9,050.09)(34,521.30) 222,397.20 98.84 MERRILL 225,000.00 06051GFS3BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025

5.07 0.97
(8,208.14)(34,984.57) 222,860.93 99.05 06/15/25US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES CORPORATE

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

4.75 0.86
(3,080.92)(3,080.92) 221,919.08 98.63 12/06/24MERRILL 225,000.00 06051GKE8BANK OF AMERICA CORP NOTES (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

2.57 0.35
(2,515.10)(2,515.10) 172,484.90 98.56 02/24/25JPM_CHA 175,000.00 46647PCV6JPMORGAN CHASE & CO CORP NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

3.55 0.56
(13,278.90)(13,027.50) 211,581.00 94.04 04/15/26CITIGRP 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

4.66 1.69
(11,808.30)(11,777.15) 163,170.35 93.24 07/12/26MITSU 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE)

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

4.78 1.92
(14,221.09)(13,640.17) 210,223.58 93.43 JPM_CHA 225,000.00 14913R2U0CATERPILLAR FINL SERVICE CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027

4.58 2.40

Page 21 ends

For the Month Ending July 31, 2024Managed 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
(2,248.51)(2,214.08) 37,717.92 94.29 12/15/26CITIGRP 40,000.00 87612EBM7TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

4.42 2.33
(27,849.18)(27,319.62) 446,625.88 94.03 12/26/26DEUTSCH 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

4.62 2.36
(625.45) 9,299.25 731,241.75 97.50 11/06/26GOLDMAN 750,000.00 594918BY9MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027

4.36 2.17
(1,473.31) 7,018.80 284,221.80 94.74 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

4.73 2.41
(19,688.96)(15,448.42) 450,640.58 94.87 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY CORP NOTES (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

4.39 2.46
(1,277.93) 4,011.90 288,936.90 96.31 01/01/27BARCLAY 300,000.00 808513BW4CHARLES SCHWAB CORP NOTES (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

4.79 2.32
(753.89) 3,332.00 491,657.00 98.33 CBAA 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.905% 06/09/2027

4.53 2.72
(10,140.19) 1,005.18 742,067.93 95.75 06/12/27TD 775,000.00 037833DB3APPLE INC (CALLABLE) BONDS DTD 09/12/2017 2.900% 09/12/2027

4.37 2.74
810.71 426.75 376,709.25 100.46 WELLS_F 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP

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

4.48 3.22
859.60 6,904.10 336,093.10 96.03 11/07/27MORGAN_ 350,000.00 637432NP6NATIONAL RURAL UTIL COOP CORP NOTES (CAL
DTD 02/07/2018 3.400% 02/07/2028

4.64 3.06
(1,055.08)(1,584.23) 85,459.17 100.54 01/15/28JPM_CHA 85,000.00 882508BV5TEXAS INSTRUMENTS INC CORP NOTE (CALLABL
DTD 11/18/2022 4.600% 02/15/2028

4.43 3.17
3,687.39 8,388.38 366,652.13 97.77 11/20/27MKTX 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL
DTD 07/15/2020 3.900% 02/20/2028

4.58 3.08

Page 22 ends

For the Month Ending July 31, 2024Managed Account Fair Market Value & Analytics

45.90 71.70 59,963.70 99.94 04/15/28BARCLAY 60,000.00 539830BZ1LOCKHEED MARTIN CORP NOTES (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028

4.47 3.43
4,420.21 3,831.75 381,696.75 101.79 CITIGRP 375,000.00 24422EXB0JOHN DEERE CAPITAL CORP CORPORATE NOTES
DTD 07/14/2023 4.950% 07/14/2028

4.45 3.64
32,609.84 33,153.75 779,433.75 103.92 08/29/28BARCLAY 750,000.00 17325FBB3CITIBANK NA CORP NOTES (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028

4.75 3.63
4,043.26 4,082.38 343,630.18 101.07 01/08/29BARCLAY 340,000.00 009158BH8AIR PRODUCTS & CHEMICALS CORP NOTES (CAL
DTD 02/08/2024 4.600% 02/08/2029

4.34 3.98
7,457.52 7,468.86 427,321.86 101.74 01/26/29CITIGRP 420,000.00 17275RBR2CISCO SYSTEMS INC CORPORATE NOTES (CALLA
DTD 02/26/2024 4.850% 02/26/2029

4.42 4.01
537.93 544.10 50,453.60 100.91 02/14/29CITIGRP 50,000.00 09290DAA9BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029

4.48 4.08
6,246.61 6,221.95 731,577.20 100.91 02/14/29MERRILL 725,000.00 09290DAA9BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029

4.48 4.08
3,035.76 3,048.78 172,824.38 101.66 03/04/29SEEL 170,000.00 00724PAF6ADOBE INC CORP NOTES (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

4.40 4.12
3,693.60 3,711.32 208,405.87 101.66 03/04/29MERRILL 205,000.00 00724PAF6ADOBE INC CORP NOTES (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

4.40 4.12
2,414.94 2,429.38 126,623.13 101.30 05/25/29MORGAN_ 125,000.00 437076DC3HOME DEPOT INC CORPORATE NOTES (CALLABLE
DTD 06/25/2024 4.750% 06/25/2029

4.45 4.34
4,594.15 4,618.75 253,246.25 101.30 05/25/29PNC 250,000.00 437076DC3HOME DEPOT INC CORPORATE NOTES (CALLABLE
DTD 06/25/2024 4.750% 06/25/2029

4.45 4.34
(125,851.68) 4.59 (98,638.54) 11,831,544.02 12,020,000.00 Security Type Sub-Total 2.48 Certificate of Deposit

Page 23 ends

For the Month Ending July 31, 2024Managed 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
Certificate of Deposit
3,544.67 3,544.67 453,544.67 100.79 TD 450,000.00 89115B6K1TORONTO DOMINION BANK NY CERT DEPOS
DTD 10/31/2022 5.600% 10/27/2025

4.83 1.19
1,297.80 1,297.80 451,297.80 100.29 WELLS_F 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025

5.28 1.22
4,842.47 5.05 4,842.47 904,842.47 900,000.00 Security Type Sub-Total 1.20 Bank Note
2,363.55 2,357.78 527,882.78 100.55 07/14/27CITIGRP 525,000.00 61690U8E3MORGAN STANLEY BANK NA BANK NOTES (CALLA
DTD 07/19/2024 4.968% 07/14/2028

4.81 2.78
2,357.78 4.81 2,363.55 527,882.78 525,000.00 Security Type Sub-Total 2.78 Asset-Backed Security
(399.90)(399.35) 44,758.34 99.11 MITSU 45,158.46 65480BAC1NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025

1.07 0.15
(341.51)(338.32) 41,494.67 99.18 CITIGRP 41,837.50 89190GAC1TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025

0.90 0.14
(631.28)(626.42) 35,093.07 98.23 MERRILL 35,727.02 43815GAC3HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026

2.10 0.38
(125.13)(122.98) 14,554.37 99.14 MERRILL 14,680.52 14314QAC8CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026

1.08 0.14
(396.77)(393.22) 26,033.88 98.49 SMBC 26,433.00 44935FAD6HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026

1.60 0.29
(1,211.48)(1,187.57) 193,770.68 99.37 CITIGRP 195,000.00 254683CP8DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026

0.88 0.12
(701.98)(701.48) 33,870.60 97.97 JPM_CHA 34,572.96 362554AC1GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026

1.65 0.41
(1,754.79)(1,752.95) 180,118.28 99.03 RBC 181,875.52 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.35 0.64

Page 24 ends

For the Month Ending July 31, 2024Managed 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
(758.25)(746.73) 139,224.30 99.45 WELLS_F 140,000.00 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.67 0.80
(1,067.02)(1,050.23) 273,904.70 99.60 RBC 275,000.00 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

4.96 0.74
(1,331.18)(1,331.14) 243,668.74 99.46 MERRILL 245,000.00 891940AC2TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027

4.82 0.98
557.62 571.17 245,532.73 100.22 RBC 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027

4.88 1.14
(199.51)(194.39) 169,788.49 99.88 JPM_CHA 170,000.00 41285JAD0HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027

5.09 0.90
(548.77)(545.05) 129,441.39 99.57 BNP_PAR 130,000.00 344928AD8FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028

4.78 1.18
2,064.85 2,078.72 322,012.74 100.63 MERRILL 320,000.00 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028

5.22 1.41
(2,795.04)(2,790.11) 317,191.33 99.12 RBC 320,000.00 254683CY9DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028

4.57 1.52
184.48 193.31 170,154.82 100.09 MERRILL 170,000.00 05522RDG0BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028

4.76 1.67
382.24 386.12 190,369.27 100.19 RBC 190,000.00 02582JJZ4AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028

4.81 1.67
(2,818.16)(2,791.28) 487,096.36 99.41 RBC 490,000.00 14041NGD7COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028

4.59 1.67
936.56 946.99 350,899.71 100.26 MERRILL 350,000.00 254683CZ6DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028

4.86 1.74
1,201.19 1,203.31 86,188.34 101.40 JPM_CHA 85,000.00 438123AC5HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028

5.27 1.70
2,468.65 2,472.75 352,451.05 100.70 JPM_CHA 350,000.00 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028

5.34 1.53
3,979.53 3,997.23 408,884.96 100.96 JPM_CHA 405,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028

4.90 1.96
4,853.92 4,856.78 414,838.45 101.18 CITIGRP 410,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028

4.91 1.96
1,371.61 1,374.39 181,350.22 100.75 MERRILL 180,000.00 05522RDH8BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028

4.79 2.12

Page 25 ends

For the Month Ending July 31, 2024Managed 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
8,973.35 8,978.26 503,876.79 101.79 BARCLAY 495,000.00 02582JKH2AMXCA 2024-1 A DTD 04/23/2024 5.230% 04/16/2029

4.80 2.46
12,087.81 4.60 11,893.23 5,556,568.28 5,545,284.98 Security Type Sub-Total 1.48 54,235,964.61 52,987,315.38 151,932.25 (158,113.85) 4.41 Managed Account Sub-Total 2.51 Joint Powers Authority

0.00 0.00 47,106.75 1.00 47,106.75 CAMP Pool 0.00
47,106.75 47,106.75 0.00 0.00 Liquid Sub-Total 0.00 Total Investments $53,386,217.76
$351,795.63
$53,034,422.13
Accrued Interest
Securities Sub-Total $54,283,071.36 $151,932.25 ($158,113.85) 4.41% 2.51

Page 26 ends

For the Month Ending July 31, 2024Managed 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
07/03/24 US TREASURY NOTES
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 (198,641.60) (22.93) (198,664.53) 225,000.00 07/01/24 07/25/24 FHMS K524 A2
DTD 07/25/2024 4.720% 05/01/2029
3137HDV56 (442,702.04) (1,384.53) (444,086.57) 440,000.00 07/16/24 07/19/24 MORGAN STANLEY BANK NA BANK

NOTES (CALLA
DTD 07/19/2024 4.968% 07/14/2028
61690U8E3 (525,525.00) 0.00 (525,525.00) 525,000.00 07/18/24 (1,407.46) (1,168,276.10)(1,166,868.64) 1,190,000.00 Transaction Type Sub-Total

INTEREST
07/01/24 FL ST BOARD OF ADMIN TXBL REV
BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 0.00 1,949.90 1,949.90 310,000.00 07/01/24 07/25/24 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 2,201.38 2,201.38 550,000.00 07/01/24 07/25/24 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 2,208.71 2,208.71 550,000.00 07/01/24 07/25/24 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,975.00 1,975.00 500,000.00 07/01/24 07/25/24 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,045.93 1,045.93 374,996.09 07/01/24 07/25/24 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 07/01/24 07/25/24 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,477.67 1,477.67 550,000.00 07/01/24 07/25/24 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,515.63 1,515.63 375,000.00 07/01/24 07/25/24 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 3,100.00 3,100.00 800,000.00 07/01/24 07/25/24 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 0.00 622.27 622.27 243,868.94 07/01/24
07/25/24 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 1,113.75 1,113.75 275,000.00 07/01/24

Page 27 ends

For the Month Ending July 31, 2024Managed Account Security Transactions & Interest

INTEREST
07/25/24 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 07/01/24 07/25/24 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 550,000.00 07/01/24 07/25/24 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 0.00 629.06 629.06 275,000.00 07/01/24
07/25/24 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 2,000.00 2,000.00 500,000.00 07/01/24 07/25/24 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 0.00 1,606.16 1,606.16 396,745.88 07/01/24 07/25/24 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 1,104.90 1,104.90 290,000.00 07/01/24 07/25/24 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 760.35 760.35 180,000.00 07/01/24
07/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,740.78 1,740.78 437,290.60 07/01/24 07/08/24 CATERPILLAR FINL SERVICE

CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 0.00 1,912.50 1,912.50 225,000.00 07/08/24 07/12/24 TOYOTA MOTOR CREDIT CORP

CORPORATE NOTES
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 0.00 8,671.88 8,671.88 375,000.00 07/12/24 07/14/24 JOHN DEERE CAPITAL CORP

CORPORATE NOTES
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 0.00 9,281.25 9,281.25 375,000.00 07/14/24 07/15/24 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,786.92 1,786.92 410,000.00 07/15/24 07/15/24 TARGET CORP CORP NOTES
(CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 0.00 390.00 390.00 40,000.00 07/15/24
07/15/24 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 0.00 94.25 94.25 195,000.00 07/15/24
07/15/24 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 503.75 503.75 130,000.00 07/15/24

Page 28 ends

For the Month Ending July 31, 2024Managed Account Security Transactions & Interest

INTEREST
07/15/24 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 0.00 678.58 678.58 170,000.00 07/15/24
07/15/24 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,612.92 1,612.92 350,000.00 07/15/24 07/15/24 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 07/15/24 07/15/24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 747.00 747.00 180,000.00 07/15/24
07/15/24 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 07/15/24 07/15/24 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,741.50 1,741.50 405,000.00 07/15/24 07/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 0.00 18.65 18.65 30,240.83 07/15/24
07/15/24 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 0.00 15.49 15.49 56,309.69 07/15/24
07/15/24 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 0.00 771.08 771.08 190,000.00 07/15/24
07/15/24 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 0.00 11.46 11.46 52,903.10 07/15/24
07/15/24 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 0.00 0.76 0.76 2,412.88 07/15/24
07/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 520.33 520.33 140,000.00 07/15/24
07/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 637.46 637.46 192,683.47 07/15/24
07/15/24 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 07/15/24 07/15/24 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 07/15/24 07/15/24 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 2,157.37 2,157.37 495,000.00 07/15/24 07/15/24 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 715.42 715.42 170,000.00 07/15/24

Page 29 ends

For the Month Ending July 31, 2024Managed Account Security Transactions & Interest

INTEREST
07/15/24 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 945.29 945.29 245,000.00 07/15/24
07/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 0.00 8.06 8.06 18,597.95 07/15/24
07/16/24 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 07/16/24 07/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 0.00 21.54 21.54 38,017.70 07/16/24
07/18/24 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 1,442.67 1,442.67 320,000.00 07/18/24 07/21/24 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 0.00 29.30 29.30 39,957.53 07/21/24
07/21/24 FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 0.00 796.88 796.88 425,000.00 07/21/24
07/21/24 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 401.63 401.63 85,000.00 07/21/24
07/26/24 BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 0.00 4,868.75 4,868.75 475,000.00 07/26/24 07/27/24 IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 0.00 4,500.00 4,500.00 225,000.00 07/27/24 07/31/24 US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 0.00 30,250.00 30,250.00 2,200,000.00 07/31/24 111,714.23 111,714.23 0.00 18,194,024.66 Transaction Type Sub-Total

MATURITY
07/01/24 CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00 599.40 60,599.40 0.00 0.00 60,000.00 07/01/24 07/08/24 GOLDMAN SACHS GROUP INC
(CALLABLE) BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23 400,000.00 7,700.00 407,700.00 (18,632.00) 0.00 400,000.00 07/08/24 8,299.40 0.00 (18,632.00) 468,299.40 460,000.00 460,000.00 Transaction Type Sub-Total

Page 30 ends

For the Month Ending July 31, 2024Managed Account Security Transactions & Interest

PAYDOWNS
07/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 283.51 0.00 283.51 0.01 0.00 283.51 07/01/24 07/25/24 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 439.27 0.00 439.27 (21.76) 0.00 439.27 07/01/24 07/25/24 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 735.25 0.00 735.25 0.01 0.00 735.25 07/01/24 07/25/24 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 763.85 0.00 763.85 23.51 0.00 763.85 07/01/24 07/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 3,917.43 0.00 3,917.43 0.85 0.00 3,917.43 07/15/24 07/15/24 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 2,412.88 0.00 2,412.88 0.26 0.00 2,412.88 07/15/24 07/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 3,807.83 0.00 3,807.83 0.85 0.00 3,807.83 07/15/24 07/15/24 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 11,151.23 0.00 11,151.23 0.19 0.00 11,151.23 07/15/24 07/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 10,807.95 0.00 10,807.95 0.26 0.00 10,807.95 07/15/24 07/15/24 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 11,065.60 0.00 11,065.60 1.19 0.00 11,065.60 07/15/24 07/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 3,444.74 0.00 3,444.74 0.09 0.00 3,444.74 07/16/24 07/21/24 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 4,230.51 0.00 4,230.51 0.89 0.00 4,230.51 07/21/24

0.00 0.00 6.35 53,060.05 53,060.05 53,060.05 Transaction Type Sub-Total SELL
07/03/24 US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 49,136.72 7.13 49,143.85 (4,304.69) (1,250.89) FIFO 50,000.00 07/01/24 07/19/24 US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 427,007.81 1,589.67 428,597.48 8,349.61 (4,107.03) FIFO 450,000.00 07/18/24 1,596.80 (5,357.92) 4,044.92 477,741.33 476,144.53 500,000.00 Transaction Type Sub-Total

Page 31 ends

For the Month Ending July 31, 2024Managed 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
(177,664.06) 120,202.97 (57,461.09) (14,580.73) (5,357.92)Managed Account Sub-Total Total Security Transactions ($14,580.73)($57,461.09)$120,202.97 ($177,664.06) ($5,357.92)

Page 32 ends

For the Month Ending July 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
88,805.27 Opening Balance
07/01/24 07/01/24 Purchase - Interest 341271AD6 1.00 1,949.90 90,755.17 07/01/24 07/01/24 Purchase - Interest 912828YY0 1.00 437.50 91,192.67 07/01/24 07/01/24 Purchase - Interest 912828ZW3 1.00 62.50 91,255.17 07/01/24 07/01/24 Purchase - Interest 91282CCH2 1.00 18,125.00 109,380.17 07/01/24 07/01/24 Purchase - Principal 20772KJW0 1.00 60,599.40 169,979.57 07/03/24 07/03/24 Purchase - Principal 912828YY0 1.00 49,136.72 219,116.29 07/03/24 07/03/24 Purchase - Interest 912828YY0 1.00 7.13 219,123.42 07/03/24 07/03/24 Redemption - Interest 91282CCH2 1.00 (22.93) 219,100.49 07/03/24 07/03/24 Redemption - Principal 91282CCH2 1.00 (198,641.60) 20,458.89 07/08/24 07/08/24 Purchase - Interest 14913R2U0 1.00 1,912.50 22,371.39 07/08/24 07/08/24 Purchase - Principal 38141EC23 1.00 407,700.00 430,071.39 07/12/24 07/12/24 Purchase - Interest 89236TKQ7 1.00 8,671.88 438,743.27 07/15/24 07/15/24 Purchase - Interest 24422EXB0 1.00 9,281.25 448,024.52 07/15/24 07/15/24 Purchase - Interest 87612EBM7 1.00 390.00 448,414.52 07/15/24 07/15/24 Purchase - Interest 891940AC2 1.00 945.29 449,359.81 07/15/24 07/15/24 Purchase - Interest 89190GAC1 1.00 11.46 449,371.27 07/15/24 07/15/24 Purchase - Interest 65480JAC4 1.00 520.33 449,891.60 07/15/24 07/15/24 Purchase - Interest 65480BAC1 1.00 15.49 449,907.09 07/15/24 07/15/24 Purchase - Interest 44935FAD6 1.00 18.65 449,925.74 07/15/24 07/15/24 Purchase - Interest 44933LAC7 1.00 0.76 449,926.50 07/15/24 07/15/24 Purchase - Interest 41285JAD0 1.00 715.42 450,641.92

Page 33 ends

For the Month Ending July 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
07/15/24 07/15/24 Purchase - Interest 344928AD8 1.00 503.75 451,145.67 07/15/24 07/15/24 Purchase - Interest 31680EAD3 1.00 1,612.92 452,758.59 07/15/24 07/15/24 Purchase - Interest 254683CZ6 1.00 1,437.92 454,196.51 07/15/24 07/15/24 Purchase - Interest 254683CY9 1.00 1,149.33 455,345.84 07/15/24 07/15/24 Purchase - Interest 254683CP8 1.00 94.25 455,440.09 07/15/24 07/15/24 Purchase - Interest 161571HT4 1.00 1,741.50 457,181.59 07/15/24 07/15/24 Purchase - Interest 14318MAD1 1.00 637.46 457,819.05 07/15/24 07/15/24 Purchase - Interest 14314QAC8 1.00 8.06 457,827.11 07/15/24 07/15/24 Purchase - Interest 14041NGD7 1.00 1,804.83 459,631.94 07/15/24 07/15/24 Purchase - Interest 14041NGB1 1.00 1,010.63 460,642.57 07/15/24 07/15/24 Purchase - Interest 05522RDH8 1.00 747.00 461,389.57 07/15/24 07/15/24 Purchase - Interest 05522RDG0 1.00 678.58 462,068.15 07/15/24 07/15/24 Purchase - Interest 02582JKH2 1.00 2,157.37 464,225.52 07/15/24 07/15/24 Purchase - Interest 02582JKD1 1.00 1,786.92 466,012.44 07/15/24 07/15/24 Purchase - Interest 02582JJZ4 1.00 771.08 466,783.52 07/15/24 07/15/24 Purchase - Principal 89190GAC1 1.00 11,065.60 477,849.12 07/15/24 07/15/24 Purchase - Principal 65480BAC1 1.00 11,151.23 489,000.35 07/15/24 07/15/24 Purchase - Principal 14318MAD1 1.00 10,807.95 499,808.30 07/15/24 07/15/24 Purchase - Principal 44935FAD6 1.00 3,807.83 503,616.13 07/15/24 07/15/24 Purchase - Principal 14314QAC8 1.00 3,917.43 507,533.56 07/15/24 07/15/24 Purchase - Principal 44933LAC7 1.00 2,412.88 509,946.44 07/16/24 07/16/24 Purchase - Interest 362554AC1 1.00 21.54 509,967.98

Page 34 ends

For the Month Ending July 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
07/16/24 07/16/24 Purchase - Interest 36265QAD8 1.00 1,104.58 511,072.56 07/16/24 07/16/24 Purchase - Principal 362554AC1 1.00 3,444.74 514,517.30 07/18/24 07/18/24 Purchase - Interest 43815QAC1 1.00 1,442.67 515,959.97 07/19/24 07/19/24 Purchase - Principal 912828U24 1.00 427,007.81 942,967.78 07/19/24 07/19/24 Purchase - Interest 912828U24 1.00 1,589.67 944,557.45 07/19/24 07/19/24 Redemption - Principal 61690U8E3 1.00 (525,525.00) 419,032.45 07/22/24 07/22/24 Purchase - Interest 3137EAEU9 1.00 796.88 419,829.33 07/22/24 07/22/24 Purchase - Interest 438123AC5 1.00 401.63 420,230.96 07/22/24 07/22/24 Purchase - Interest 43815GAC3 1.00 29.30 420,260.26 07/22/24 07/22/24 Purchase - Principal 43815GAC3 1.00 4,230.51 424,490.77 07/25/24 07/25/24 Purchase - Interest 3137HBC69 1.00 1,606.16 426,096.93 07/25/24 07/25/24 Purchase - Interest 3137HB3G7 1.00 1,113.75 427,210.68 07/25/24 07/25/24 Purchase - Interest 3137HB3D4 1.00 760.35 427,971.03 07/25/24 07/25/24 Purchase - Interest 3137HAST4 1.00 1,515.63 429,486.66 07/25/24 07/25/24 Purchase - Interest 3137HAQ74 1.00 1,975.00 431,461.66 07/25/24 07/25/24 Purchase - Interest 3137HAMS2 1.00 2,000.00 433,461.66 07/25/24 07/25/24 Purchase - Interest 3137HAMH6 1.00 3,100.00 436,561.66 07/25/24 07/25/24 Purchase - Interest 3137HAD45 1.00 1,740.78 438,302.44 07/25/24 07/25/24 Purchase - Interest 3137HACX2 1.00 2,208.71 440,511.15 07/25/24 07/25/24 Purchase - Interest 3137F1G44 1.00 1,486.38 441,997.53 07/25/24 07/25/24 Purchase - Interest 3137BXQY1 1.00 1,477.67 443,475.20 07/25/24 07/25/24 Purchase - Interest 3137BTUM1 1.00 1,045.93 444,521.13

Page 35 ends

For the Month Ending July 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
07/25/24 07/25/24 Purchase - Interest 3137BSP72 1.00 1,215.96 445,737.09 07/25/24 07/25/24 Purchase - Interest 3137BNGT5 1.00 629.06 446,366.15 07/25/24 07/25/24 Purchase - Interest 3137BGK24 1.00 622.27 446,988.42 07/25/24 07/25/24 Purchase - Interest 3136BQDE6 1.00 1,920.42 448,908.84 07/25/24 07/25/24 Purchase - Interest 3137HDJJ0 1.00 2,201.38 451,110.22 07/25/24 07/25/24 Purchase - Interest 3137HBLV4 1.00 1,104.90 452,215.12 07/25/24 07/25/24 Purchase - Principal 3137HBC69 1.00 735.25 452,950.37 07/25/24 07/25/24 Purchase - Principal 3137BGK24 1.00 439.27 453,389.64 07/25/24 07/25/24 Purchase - Principal 3137BTUM1 1.00 763.85 454,153.49 07/25/24 07/25/24 Purchase - Principal 3137HAD45 1.00 283.51 454,437.00 07/25/24 07/25/24 Redemption - Interest 3137HDV56 1.00 (1,384.53) 453,052.47 07/25/24 07/25/24 Redemption - Principal 3137HDV56 1.00 (442,702.04) 10,350.43 07/26/24 07/26/24 Purchase - Interest 06406RBA4 1.00 4,868.75 15,219.18 07/29/24 07/29/24 Purchase - Interest 459200KS9 1.00 4,500.00 19,719.18 07/29/24 07/29/24 IP Fees June 2024 1.00 (3,879.72) 15,839.46 07/29/24 07/29/24 U.S. Bank Fees May 2024 1.00 (199.75) 15,639.71 07/31/24 07/31/24 Purchase - Interest 91282CFB2 1.00 30,250.00 45,889.71 07/31/24 08/01/24 Accrual Income Div Reinvestment - Distributions 1.00 1,217.04 47,106.75

Page 36 ends

For the Month Ending July 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate 47,106.75
47,106.75
47,106.75
264,473.35
5,902.92

0.00 (13,320,613.07)
13,250,946.86
116,772.96
1,217.04
47,106.75

0.00 (1,172,355.57)
1,130,657.05
88,805.27
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
July January-July

5.43%

Page 37 ends

Review of Investment Performance

CAMP Accounts

Investment Performance Review
For the Quarter Ended June 30, 2024
Client Management Team 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

CLIENT NAME
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes
▸ The U.S. economy is characterized by:
▹ Moderating economic growth following two quarters of exceptional strength ▹ Recent
inflation prints resuming the path towards the Federal Reserve (Fed)’s 2% target ▹ Labor markets continuing to show strength while unemployment has ticked up modestly ▹ Resilient consumer spending supported by wage growth that is outpacing inflation ▸ Federal Reserve pushes out rate cuts
▹ Fed revises expectations from 3 rate cuts in 2024 to 1 by year end following a lack of progress in the fight
against inflation
▹ Market continues to expect 1 or 2 rate cuts in 2024
▹ Fed officials note that the risks to its “dual mandate” of stable inflation and maximum employment are becoming more balanced
▸ Treasury yields increase in response to economic data over the quarter ▹ Yields on maturities between 2 and 10 years rose 13-20 basis points during the quarter ▹ The yi
eld curve has now been inverted for 24 months, the longest period in history ▹ Spreads across most sectors remain near multi-year tights and represent market expectations for a soft landing

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
1 Source: Bureau of Labor Statistics, Bureau of Economic Analysis, and Bloomberg. As of May 2024.

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

CLIENT NAME
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Fed’s Preferred Inflation Measure Shows Progress
May-24

3.4%
May-24

2.6%
1%
2%
3%
4%
5%
6%
7%
May-21 Nov-21 May-22 Nov-22 May-23 Nov-23 May-24
Core Inflation Measures
Year-Over-Year Changes
Core CPI Core PCE
Core CPI and PCE
strips out the volatile
food and energy
components.

Federal Reserve Inflation Target

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
2 Source: Bloomberg, Bureau of Labor Statistics. Monthly change in nonfarm payrolls and unemployment rate as of June 2024. Data is seasonally adjusted (left). Worker demand gap as of May 2024. Pre- pandemic average from February 2016 – February 2020 (right).

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

CLIENT NAME
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Labor Market Moves Into Better Balance
240
184
210
246
165
182
290
256
236
310
108
218
206
0 50
100
150
200
250
300
350
400
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Thousands
Monthly Change In
Nonfarm Payrolls
Revised
lower by
combined
111K
Jun-24

4.1%
3%
4%
5%
6%
7%
2021 2022 2023 2024
Unemployment Rate

1.22 0

0.5 1

1.5 2

2.5 Ma
y-18 May-20 May-22 May-24
Worker-Demand Gap
May 2018 - May 2024
Pre-Pandemic Average
Number of Jobs
Available Per
Unemployed Person

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
3 Economic Incentive to Switch Jobs is Declining
Source: Bloomberg, Federal Reserve Bank of Atlanta as of March 2024. © 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 June 30, 2024
Market Update

5.6%

4.9%

7.7%

5.6%
2%
3%
4%
5%
6%
7%
8%
2015 2017 2019 2021 2023
Wage Growth
12-month moving average
Job Stayer Job Switcher
Rebalancing of labor market
has red
uced employers’
need to pay workers more to
switch jobs

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
4 The Consumer Moderates But Remains Well
Positioned Given Strong Wage Growth
Source: Bloomberg, U.S. Census Bureau, Bureau of Economi c Analysis as of May 2024 (left). Bloomberg, U.S. Census Bureau as of May 2024 (right). © 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 June 30, 2024
Market Update
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
2019 2020 2021 2022 2023
Percentage Change in Earnings and
Inflation
CPI Wages and Salaries
$400
$450
$500
$550
$600
$650
$700
$750
2020 2021 2022 2023 2024
Billions
Retail Sales (Monthly)

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
5 5.1%

4.1%

3.1% 2.8%
0%
1%
2%
3%
4%
5%
6 %
2024 2025 2026 Longer
Run
Federal Funds Rate
March Projections June Projections

2.6% 2.3% 2.0% 2.0%
0%
1%
2%
3%
4%
5%
6 %
2024 2025 2026 Longer
Run
PCE Inflation
March Projections June Projections

2.1% 2.0% 2.0% 1.8%
0%
1%
2%
3%
4%
20 24 2025 2026 Longer
Run
Change in Real GDP
March Projections June Projections
Fed’s Updated June Projections Reflect
Stable Economic Expectations for 2024
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: Federal Reserve, latest economic projections as of June 2024.

For the Quarter Ended June 30, 2024
Market Up
date

4.0% 4.2% 4.1% 4.2%
0%
1%
2%
3%
4%
5%
6 %
2024 2025 2026 Longer
Run
Unemployment Rate
March Projections June Projections

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
6 Treasury Yields Move Higher as Market Evolves to Revised Fed Expectations 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
Source: Bloomberg, as of 6/30/2024.

For the Quarter Ended June 30, 2024
Market Upd
ate

5.35%

4.75%

4.38% 4.37% 4.40% 4.56%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00% Yield
Maturity
U.S. Treasury Yield Curve
1 Year Range
June 30, 2024
March 31, 2024
3mo 2yr 5yr 7yr 10yr 30yr

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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
Source: ICE BofA 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of June 30, 2024. 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.

For the Quarter Ended June 30, 2024
Market Up
date
-0.1%

0.0%

0.1%

0.2%
Mar-24 Apr-24 May-24 Jun-24
Federal Agency Yield Spreads
Bullet Callable 1 Year Average
4 bps

0.3%

0.5%

0.7%

0.9%
Mar-24 Apr-24 May-24 Jun-24
Corporate Notes A-AAA Yield Spreads
1-5 Yr. AAA-A Corp 1 Year Average
68 bps

0.3%

0.5%

0.7%

0.9%
Mar-24 Apr-24 May-24 Jun-24
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index 1 Year Average
53 bps

0.3%

0.5%

0.7%

0.9%
Mar-24 Apr-24 May-24 Jun-24
Asset-Backed Securities AAA Yield Spreads
AAA ABS 1 Year Average
69 bps

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
8 Fixed-Income Index Total Returns in 2Q 2024
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
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of June 30, 2024.

For the Quarter Ended June 30, 2024
Market Up
date

0.82%

0.97%

1.18%

0.97%

1.10%

0.0%

0.5%

1.0%

1.5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
Second Quarter 2024 Returns

4.16%

4.70%

5.85% 5.75%

6.76%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-Year Return

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
9 Factors to Consider for 6-12 Months
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 June 30, 2024
Market Update
Current outlook Outlook one quarter ago
Negative Slightly
Negative
Neutral Slightly
Positive
Positive
Statements and opinions expressed about the next 6-12 mon ths were developed based on our independent research with information obtained from Bloomberg and FactSet. The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC at the time of distribution (6/30/2024) and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management LLC cannot guarantee its accuracy, completeness, or suitability.

Monetary Policy (Global):
• The Fed remains data dependent. Recent Fed
guidance has been revised from three rate cuts
to one rate cut in 2024. Markets currently
expect one or two cuts.
• Globally, major central banks have begun
easing cycle with rate cuts leading to
divergence from Fed policy.

Economic Growth (Global):
• U.S. economic growth remains resilient but
there has been some softness recently as
consumer spending tapers.
• Economic growth outside U.S. remain mixed
with slower but improved growth projected in
Eurozone and continued growth projected in
emerging markets.

Inflation (U.S.):
• The latest inflation reading has revived market
confidence that inflation is heading in the right
direction after experiencing broad disinflation
across both goods and services.
• Despite the progress on inflation, policymakers
would like more data to confirm the downward
trend.

Financial Conditions (U.S.):
• Market measures, such as narrow corporate
yield spreads, record equity index levels and
low volatility, reflect economic confidence.
• With interest rates elevated and the gradual
normalization of labor markets and the
consumer, we continue to focus on identifying
potential catalysts for a broader slow down.

Consumer Spending (U.S.):
• The consumer has begun to exercise caution
and limit spending, which has shed light on a
notable downshift over recent months.
• Moderation in the pace of overall spending is
expected to continue given persistent inflation,
reduced/lower savings, and a cooling job
market.

Labor Markets:
• The labor market normalization has begun.

After the pandemic-led jolt, the labor force
participation rate and non-farm payrolls have
moved to be in line with long-term averages.
• With the quits rate and excess demand for
workers reaching a better balance, this should
help cool wage pressures and inflation.

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
10 © PFM Asset Management LLC pfmam.com|
Portfolio Review

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Portfolio Snapshot
|
Total market value includes accrued interest and balances invested in CAMP, as of June 30, 2024.

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.

1. Credit Quality - S&P
10%
15%
38%
31%
5%5%
34%
26%
23%
12%
0%
10%
20%
30%
40%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 43%
Corporate | 23%
Agency CMBS | 15%
ABS | 11%
Federal Agency | 4%
Municipal | 3%
Negotiable CD | 2%
Joint Powers Authority | <1%
Sector Allocation
AAA | 11%
AAAm | <1%
AA+ | 63%
AA | 4%
AA- | 6%
A+ | 4%
A | 6%
A- | 3%
BBB+ | 1%
Not Rated | 2%
Portfolio Statistics
Portfolio Effective Duration 2.54 y ears
Benchmark Effective Duration 2.52 years
Portfolio Credit Quality AA
Yield At Market 4.80%
Yield At Cost 3.92%
Total Market Value $52,616,515.15
$52,198,072.57Managed Account Sub-Total
$88,805.27Pool
$329,637.31Accrued Interest
Portfolio Snapshot¹
11 PFM Asset Management LLC
For the Quarter Ended June 30, 2022
California Affiliated Risk Management Authorities MarketUpdate For the Quarter Ended June 30, 2024
Sector Analytics
© PFM Asset Management LLC | pfmam.com
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.

0.2%

10.6%

1.8%

23.2%

2.6%

14.9%

4.1%

42.7%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
CAMP I $88,805
Asset-Backed I $5,582,363
Negotiable CD I $923,306
Corporate I $12,223,766
Municipal I $1,362,627
Agency CMBS I $7,840,245
Agency I $2,154,023
U.S. Treasury I $22,441,380
Sector Limit for Analysis* Portfolio Allocation

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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 June 30, 2024, the account(s) managed by PFM Asset Management ("PFMAM") were
in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Portfolio Activity
|
Ne
t Activity by Sector
($ mil
lions)
Corporate
Municipal
U.S. Treasury
ABS
Agency CMBS
Corporate
Munici
pal
U.S. Treasury
ABS
Agency CMBS
($6.0) ($4.0) ($2.0) $0.0 $2.0 $4.0 $6.0
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 $545,098
ABS $340,308
U.S. Treasury ($41,071)
Municipal ($134,605)
Corporate ($185,768)
$523,961Total Net Activity
Sales/Maturities Purchases
Portfolio Activity
14 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Portfolio Characteristics
|
On
ly includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 43%
4%
14%
3%
2%
24%
10%
Mar-24
43%
4%
15%
3%
2%
23%
11%
Jun-24
Historical Sector Allocation
15 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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. -1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned² $417,6 28 $1,424,327 $2,503,676 $3,814,297 $6,542,063 Change in Market Value $24,294 $887,095 ($1,568,457) ($1,025,808) ($613,408) $441,922Total Dollar Return $2,311,422 $935,219 $2,788,489 $5,928,655 Total Return³
Portfolio 0.85% 4.59% -0.06% 1.08% 1.44%
Benchmark⁴ 0.82% 4.16% -0.35% 0.76% 1.15%
3 Months 1 Year 3 Years 5 Years 10 Years
Difference 0.03% 0.43% 0.30% 0.32% 0.29%
16 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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
Interest Earned²
Realize
d Gains / (Losses)³
Change in Amortized Cost
Total Earnings
3 Months
$417,628
($181,7
71)
$97,859
$333,717
1 Year
$1,424,327
($637,2
34)
$401,446
$1,188,540
3 Years
$2,503,676
($1,060
,228)
$593,052
$2,036,500
5 Year
$3,814,297
($200,7
01)
$546,405
$4,160,001
10 Year¹
$6,542,063
($388,5
31)
$454,237
$6,607,769
Accrual Basis Earnings
17 Negative Slightly
Negative Neutral Slightly
Positive PositiveCurrent outlook Outlook one quarter ago © 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 June 30, 2024
Market Update
Fixed-Income Sector Outlook – 3Q 2024
Sector Our Investment Preferences

C O M M E R C I A L P A 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
Callab
les

S U P R A N A T I O N A L S

C O R P OR

A T E S
Financials
Indust
rials

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

M U N I C I P A L S

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
18 © PFM Asset Management LLC | pfmam.com
Issuer Distribution

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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 42.7%
UNITED STATES TREASURY 42.7% AA / Aaa / AA
Federal Agency 4.1%
FANNIE MAE 1.8% AA / Aaa / AA
FEDERAL HOME LOAN BANKS 0.3% AA / Aaa / NR
FREDDIE MAC 2.0% AA / Aaa / AA
Agency CMBS 14.9%
FANNIE MAE 1.0% AA / Aaa / AA
FREDDIE MAC 13.9% AA / Aaa / AA
Municipal 2.6%
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 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
TORONTO-DOMINION BANK 0.9% A / A / NR
Corporate 23.3%
ABBOTT LABORATORIES 0.4% AA / Aa / NR
ADOBE INC 0.7% A / A / NR
AIR PRODUCTS & CHEMICALS 0.7% A / A / NR
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer Corporate 23.3%
AMAZON.COM INC 0.9% AA / A / AA
AMERICAN EXPRESS CO 0.7% BBB / A / A
APPLE INC 1.4% AA / Aaa / NR
BANK OF AMERICA CO 0.8% A / A / AA
BERKSHIRE HATHAWAY INC 0.9% AA / Aa / A
BLACKROCK INC 1.5% AA / Aa / NR
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 0.5% A / A / A
CINTAS CORPORATION NO. 2 0.1% A / A / NR
CISCO SYSTEMS INC 0.8% AA / A / NR
CITIGROUP INC 1.5% A / Aa / 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 0.8% A / A / A
IBM CORP 0.4% A / A / A
JP MORGAN CHASE & CO 0.3% A / A / AA
LOCKHEED MARTIN CORP 0.1% A / A / A
MICROSOFT CORP 1.4% AAA / Aaa / NR
NATIONAL AUSTRALIA BANK LTD 1.4% AA / Aa / NR

NATIONAL RURAL UTILITIES CO FINANCE
CORP

0.7% A / A / A
PACCAR FINANCIAL CORP 0.3% A / A / NR
ROCHE HOLDINGS INC 0.8% AA / Aa / AA
TARGET CORP 0.1% A / A / A
19 © PFM Asset Management LLC pfmam.com

Issuer Diversification
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer Corporate 23.3%
TEXAS INSTRUMENTS INC 0.2% A / Aa / NR

THE BANK OF NEW YORK MELLON

CORPORATION

0.8% A / A / AA
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 10.6%
AMERICAN EXPRESS CO 2.1% AAA / NR / AAA
BANK OF AMERICA CO 0.7% AAA / Aaa / AAA
CAPITAL ONE FINANCIAL CORP 1.4% AAA / NR / AAA
CARMAX AUTO OWNER TRUST 0.4% AAA / NR / AAA
CHASE ISSURANCE 0.8% AAA / NR / AAA
DISCOVER FINANCIAL SERVICES 1.6% AAA / Aaa / AAA
FIFTH THIRD AUTO TRUST 0.7% AAA / Aaa / NR
FORD CREDIT AUTO OWNER TRUST 0.2% AAA / NR / AAA

GM FINANCIAL CONSUMER AUTOMOBILE
TRUST

0.6% AAA / Aaa / AAA
HARLEY-DAVIDSON MOTORCYCLE TRUST 0.3% NR / Aaa / AAA
HONDA AUTO RECEIVABLES 0.8% AAA / Aaa / AAA
HYUNDAI AUTO RECEIVABLES 0.1% AAA / NR / AAA
NISSAN AUTO RECEIVABLES 0.4% AAA / Aaa / NR
TOYOTA MOTOR CORP 0.6% AAA / NR / AAA
100.0%Total
20 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
S ettle
Date Par ($) CUSIP
Maturity
Date
Transact
Amount ($)Coupon
Yield
at Market
Realized
G/L (BV)Security Description
BUY
4/1/2024 4/4/2024 205,000.00 00724PAF6 ADOBE INC CORP NOTES (CALLABLE) 4.80% 4/4/2029 204,694.55 4.83% 4/2/2024 4/4/2024 170,000.00 00724PAF6 ADOBE INC CORP NOTES (CALLABLE) 4.80% 4/4/2029 169,775.60 4.83% 4/3/2024 4/5/2024 400,000.00 91282CGP0 US TREASURY NOTES 4.00% 2/29/2028 395,205.85 4.45% 4/16/2024 4/23/2024 495,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 494,898.53 5.23% 5/1/2024 5/6/2024 2,450,000.00 91282CGP0 US TREASURY NOTES 4.00% 2/29/2028 2,401,233.02 4.79% 6/5/2024 6/13/2024 550,000.00 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 550,878.90 4.80% 6/6/2024 6/11/2024 2,900,000.00 91282CCH2 US TREASURY NOTES 1.25% 6/30/2028 2,581,486.74 4.39% 6/17/2024 6/25/2024 125,000.00 437076DC3 HOME DEPOT INC CORPORATE NOTES (CALLABLE 4.75% 6/25/2029 124,193.75 4.90% 6/18/2024 6/25/2024 250,000.00 437076DC3 HOME DEPOT INC CORPORATE NOTES (CALLABLE 4.75% 6/25/2029 248,627.50 4.88% Total BUY 7,545,000.00 7,170,994.44 0.00

INTEREST
4/1/2024 4/1/2024 300,000.00 808513BW4 CHARLES SCHWAB CORP NOTES (CALLABLE) 3.30% 4/1/2027 4,950.00 4/1/2024 4/25/2024 500,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 4/1/2024 4/25/2024 245,130.79 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 625.49 4/1/2024 4/25/2024 800,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 4/1/2024 4/25/2024 290,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 4/1/2024 4/25/2024 377,198.75 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,052.07 21 © PFM Asset Management LLC pfmam.com

INTEREST
4/1/2024 4/25/2024 550,000.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 4/1/2024 4/25/2024 550,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,486.38 4/1/2024 4/25/2024 550,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 4/1/2024 4/25/2024 180,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 4/1/2024 4/25/2024 398,318.67 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,612.53 4/1/2024 4/25/2024 438,034.42 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,743.74 4/1/2024 4/25/2024 275,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 4/1/2024 4/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.42 4/1/2024 4/25/2024 550,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 4/1/2024 4/25/2024 375,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 4/1/2024 4/25/2024 500,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 4/1/2024 4/25/2024 275,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 4/15/2024 4/15/2024 350,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,612.92 4/15/2024 4/15/2024 91,573.46 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 19.84 4/15/2024 4/15/2024 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 4/15/2024 4/15/2024 94,704.98 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 26.04 4/15/2024 4/15/2024 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 22 © PFM Asset Management LLC pfmam.com

INTEREST
4/15/2024 4/15/2024 320,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 4/15/2024 4/15/2024 410,000.00 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 4/15/2024 4/15/2024 405,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 4/15/2024 4/15/2024 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 4/15/2024 4/15/2024 25,000.00 437076CM2 HOME DEPOT INC (CALLABLE) CORPORATE NOTE 2.70% 4/15/2025 337.50 4/15/2024 4/15/2024 170,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 4/15/2024 4/15/2024 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 4/15/2024 4/15/2024 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 4/15/2024 4/15/2024 210,000.00 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 694.75 4/15/2024 4/15/2024 170,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 4/15/2024 4/15/2024 42,575.89 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 26.26 4/15/2024 4/15/2024 180,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 4/15/2024 4/15/2024 140,000.00 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 520.33 4/15/2024 4/15/2024 245,000.00 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 4/15/2024 4/15/2024 11,826.43 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3.75 4/15/2024 4/15/2024 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 4/15/2024 4/15/2024 31,040.41 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 13.45 23 © PFM Asset Management LLC pfmam.com

INTEREST
4/16/2024 4/16/2024 49,658.13 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 28.14 4/16/2024 4/16/2024 275,000.00 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,104.58 4/18/2024 4/18/2024 320,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,442.67 4/21/2024 4/21/2024 54,334.83 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 39.85 4/21/2024 4/21/2024 85,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 401.63 4/30/2024 4/30/2024 1,200,000.00 91282CEN7 US TREASURY NOTES 2.75% 4/30/2027 16,500.00 5/1/2024 5/1/2024 65,000.00 17252MAP5 CINTAS CORPORATION NO. 2 CORP NOTE (CALL 3.45% 5/1/2025 1,121.25 5/1/2024 5/1/2024 225,000.00 90327QD89 USAA CAPITAL CORP CORPORATE NOTES 3.37% 5/1/2025 3,796.88 5/1/2024 5/1/2024 85,000.00 13077DQD7 CA ST UNIV TXBL REV BONDS 0.86% 11/1/2025 366.35 5/1/2024 5/25/2024 375,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 5/1/2024 5/25/2024 397,849.40 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,610.63 5/1/2024 5/25/2024 290,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 5/1/2024 5/25/2024 500,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 5/1/2024 5/25/2024 275,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 5/1/2024 5/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.42 5/1/2024 5/25/2024 244,719.54 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 624.44 5/1/2024 5/25/2024 180,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 24 © PFM Asset Management LLC pfmam.com

INTEREST
5/1/2024 5/25/2024 437,804.30 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,742.83 5/1/2024 5/25/2024 275,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 5/1/2024 5/25/2024 550,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 5/1/2024 5/25/2024 800,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 5/1/2024 5/25/2024 550,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,486.38 5/1/2024 5/25/2024 550,000.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 5/1/2024 5/25/2024 550,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 5/1/2024 5/25/2024 500,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 5/1/2024 5/25/2024 376,479.71 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,050.06 5/3/2024 5/3/2024 450,000.00 65558UYF3 NORDEA BANK ABP NEW YORK CERT DEPOS 5.53% 11/3/2025 12,442.50 5/7/2024 5/7/2024 650,000.00 3135G06G3 FANNIE MAE NOTES 0.50% 11/7/2025 1,625.00 5/15/2024 5/15/2024 38,242.38 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 23.58 5/15/2024 5/15/2024 180,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 5/15/2024 5/15/2024 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 5/15/2024 5/15/2024 410,000.00 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 5/15/2024 5/15/2024 170,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 5/15/2024 5/15/2024 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 25 © PFM Asset Management LLC pfmam.com

INTEREST
5/15/2024 5/15/2024 170,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 5/15/2024 5/15/2024 225,000.00 91324PEC2 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR 1.15% 5/15/2026 1,293.75 5/15/2024 5/15/2024 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 5/15/2024 5/15/2024 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 5/15/2024 5/15/2024 8,564.20 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 2.71 5/15/2024 5/15/2024 26,694.06 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 11.57 5/15/2024 5/15/2024 210,000.00 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 694.75 5/15/2024 5/15/2024 495,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 1,582.07 5/15/2024 5/15/2024 320,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 5/15/2024 5/15/2024 78,128.60 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 16.93 5/15/2024 5/15/2024 405,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 5/15/2024 5/15/2024 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 5/15/2024 5/15/2024 140,000.00 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 520.33 5/15/2024 5/15/2024 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 5/15/2024 5/15/2024 245,000.00 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 5/15/2024 5/15/2024 60,000.00 539830BZ1 LOCKHEED MARTIN CORP NOTES (CALLABLE) 4.45% 5/15/2028 1,335.00 5/15/2024 5/15/2024 225,000.00 369550BG2 GENERAL DYNAMICS CORP (CALLABLE) CORP NO 3.50% 5/15/2025 3,937.50 26 © PFM Asset Management LLC pfmam.com

INTEREST
5/15/2024 5/15/2024 350,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,612.92 5/15/2024 5/15/2024 81,607.27 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 22.44 5/15/2024 5/15/2024 12,825,000.00 912828U24 US TREASURY NOTES 2.00% 11/15/2026 128,250.00 5/15/2024 5/15/2024 85,000.00 91412HGE7 UNIV OF CAL TXBL REV BONDS 0.88% 5/15/2025 375.28 5/16/2024 5/16/2024 275,000.00 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,104.58 5/16/2024 5/16/2024 45,745.63 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 25.92 5/18/2024 5/18/2024 320,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,442.67 5/21/2024 5/21/2024 49,438.91 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 36.26 5/21/2024 5/21/2024 85,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 401.63 5/31/2024 5/31/2024 2,375,000.00 91282CFZ9 US TREASURY NOTES 3.87% 11/30/2027 46,015.63 6/1/2024 6/25/2024 550,000.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 6/1/2024 6/25/2024 275,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 6/1/2024 6/25/2024 275,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 6/1/2024 6/25/2024 500,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 6/1/2024 6/25/2024 375,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 6/1/2024 6/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.42 6/1/2024 6/25/2024 437,523.47 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,741.71 27 © PFM Asset Management LLC pfmam.com

INTEREST
6/1/2024 6/25/2024 397,229.54 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,608.12 6/1/2024 6/25/2024 550,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 6/1/2024 6/25/2024 500,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 6/1/2024 6/25/2024 290,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 6/1/2024 6/25/2024 550,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 6/1/2024 6/25/2024 180,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 6/1/2024 6/25/2024 550,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,486.38 6/1/2024 6/25/2024 375,712.67 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,047.93 6/1/2024 6/25/2024 800,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 6/1/2024 6/25/2024 244,283.12 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 623.33 6/3/2024 6/3/2024 475,000.00 023135BQ8 AMAZON INC CORP NOTES (CALLABLE) 0.80% 6/3/2025 1,900.00 6/6/2024 6/6/2024 225,000.00 06051GKE8 BANK OF AMERICA CORP NOTES (CALLABLE) 1.53% 12/6/2025 1,721.25 6/9/2024 6/9/2024 250,000.00 63254ABD9 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 3.50% 6/9/2025 4,375.00 6/9/2024 6/9/2024 500,000.00 63254ABE7 NATIONAL AUSTRALIA BK/NY CORPORATE NOTES 3.90% 6/9/2027 9,762.50 6/15/2024 6/15/2024 50,000.00 63743HFE7 NATIONAL RURAL UTIL COOP CORPORATE NOTES 3.45% 6/15/2025 862.50 6/15/2024 6/15/2024 68,866.64 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 18.94 6/15/2024 6/15/2024 350,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,612.92 28 © PFM Asset Management LLC pfmam.com

INTEREST
6/15/2024 6/15/2024 204,587.81 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 676.84 6/15/2024 6/15/2024 245,000.00 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 6/15/2024 6/15/2024 180,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 6/15/2024 6/15/2024 495,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 6/15/2024 6/15/2024 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 6/15/2024 6/15/2024 140,000.00 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 520.33 6/15/2024 6/15/2024 22,598.32 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 9.79 6/15/2024 6/15/2024 5,481.70 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 1.74 6/15/2024 6/15/2024 170,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 6/15/2024 6/15/2024 405,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 6/15/2024 6/15/2024 34,223.25 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 21.10 6/15/2024 6/15/2024 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 6/15/2024 6/15/2024 410,000.00 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 6/15/2024 6/15/2024 320,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 6/15/2024 6/15/2024 170,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 6/15/2024 6/15/2024 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 6/15/2024 6/15/2024 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 29 © PFM Asset Management LLC pfmam.com

INTEREST
6/15/2024 6/15/2024 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 6/15/2024 6/15/2024 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 6/15/2024 6/15/2024 65,396.39 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 14.17 6/16/2024 6/16/2024 41,843.76 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 23.71 6/16/2024 6/16/2024 275,000.00 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,104.58 6/18/2024 6/18/2024 320,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,442.67 6/21/2024 6/21/2024 44,640.91 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 32.74 6/21/2024 6/21/2024 85,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 401.63 6/30/2024 6/30/2024 50,000.00 912828ZW3 US TREASURY NOTES 0.25% 6/30/2025 62.50 6/30/2024 6/30/2024 50,000.00 912828YY0 US TREASURY NOTES 1.75% 12/31/2024 437.50 6/30/2024 6/30/2024 2,900,000.00 91282CCH2 US TREASURY NOTES 1.25% 6/30/2028 18,125.00 Total INTEREST 62,112,058.34 397,829.86 0.00

MATURITY
4/26/2024 4/26/2024 210,000.00 06406RAS6 BANK OF NY MELLON CORP NOTES (CALLABLE) 0.50% 4/26/2024 210,525.00 6/1/2024 6/1/2024 315,000.00 46647PCH7 JPMORGAN CHASE CORP NOTES (CALLED, OMD 6 0.82% 6/1/2024 316,297.80 Total MATURITY 525,000.00 526,822.80 0.00
30 © PFM Asset Management LLC pfmam.com

PAYDOWNS
4/1/2024 4/25/2024 719.04 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 719.04 4/1/2024 4/25/2024 469.27 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 469.27 4/1/2024 4/25/2024 230.12 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 230.12 4/1/2024 4/25/2024 411.25 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 411.25 4/15/2024 4/15/2024 4,346.35 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,346.35 4/15/2024 4/15/2024 13,444.86 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 13,444.86 4/15/2024 4/15/2024 3,262.23 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,262.23 4/15/2024 4/15/2024 4,333.51 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,333.51 4/15/2024 4/15/2024 13,097.71 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 13,097.71 4/16/2024 4/16/2024 3,912.50 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,912.50 4/21/2024 4/21/2024 4,895.92 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 4,895.92 5/1/2024 5/25/2024 767.04 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 767.04 5/1/2024 5/25/2024 436.42 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 436.42 5/1/2024 5/25/2024 280.83 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 280.83 5/1/2024 5/25/2024 619.86 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 619.86 5/15/2024 5/15/2024 4,019.13 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,019.13 5/15/2024 5/15/2024 4,095.74 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,095.74 31 © PFM Asset Management LLC pfmam.com

PAYDOWNS
5/15/2024 5/15/2024 5,412.19 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 5,412.19 5/15/2024 5/15/2024 12,740.63 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 12,740.63 5/15/2024 5/15/2024 3,082.50 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,082.50 5/15/2024 5/15/2024 12,732.21 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 12,732.21 5/16/2024 5/16/2024 3,901.87 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,901.87 5/21/2024 5/21/2024 4,798.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 4,798.00 6/1/2024 6/25/2024 483.66 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 483.66 6/1/2024 6/25/2024 716.58 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 716.58 6/1/2024 6/25/2024 414.18 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 414.18 6/1/2024 6/25/2024 232.87 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 232.87 6/15/2024 6/15/2024 12,556.95 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 12,556.95 6/15/2024 6/15/2024 4,000.37 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,000.37 6/15/2024 6/15/2024 3,982.42 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,982.42 6/15/2024 6/15/2024 3,068.82 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,068.82 6/15/2024 6/15/2024 12,493.29 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 12,493.29 6/15/2024 6/15/2024 11,904.34 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 11,904.34 6/16/2024 6/16/2024 3,826.06 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,826.06 32 © PFM Asset Management LLC pfmam.com

PAYDOWNS
6/21/2024 6/21/2024 4,683.38 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 4,683.39 Total PAYDOWNS 160,372.10 160,372.11 0.00
SELL
4/2/2024 4/4/2024 150,000.00 91282CCP4 US TREASURY NOTES 0.62% 7/31/2026 136,992.97 -5,623.70 4/3/2024 4/5/2024 400,000.00 61746BDQ6 MORGAN STANLEY CORP NOTES 3.87% 4/29/2024 406,236.67 -795.72 4/16/2024 4/23/2024 300,000.00 91282CCP4 US TREASURY NOTES 0.62% 7/31/2026 273,181.45 -13,073.16 4/16/2024 4/23/2024 175,000.00 91282CCP4 US TREASURY NOTES 0.62% 7/31/2026 159,355.84 -7,284.67 5/1/2024 5/6/2024 500,000.00 91282CCP4 US TREASURY NOTES 0.62% 7/31/2026 455,453.09 -22,119.95 5/1/2024 5/6/2024 200,000.00 91282CCP4 US TREASURY NOTES 0.62% 7/31/2026 182,181.23 -6,119.21 5/1/2024 5/6/2024 750,000.00 91282CCP4 US TREASURY NOTES 0.62% 7/31/2026 683,179.62 -34,715.87 5/1/2024 5/6/2024 900,000.00 91282CCP4 US TREASURY NOTES 0.62% 7/31/2026 819,815.55 -36,275.85 6/5/2024 6/5/2024 140,000.00 54438CYK2 LOS ANGELES CCD, CA TXBL GO BONDS 0.77% 8/1/2025 134,604.76 -5,768.00 6/6/2024 6/11/2024 250,000.00 912828U24 US TREASURY NOTES 2.00% 11/15/2026 235,513.33 -1,683.82 6/6/2024 6/11/2024 350,000.00 912828U24 US TREASURY NOTES 2.00% 11/15/2026 329,718.67 -5,449.03 6/6/2024 6/11/2024 2,100,000.00 912828U24 US TREASURY NOTES 2.00% 11/15/2026 1,978,311.99 -34,816.02 6/18/2024 6/25/2024 175,000.00 912828U24 US TREASURY NOTES 2.00% 11/15/2026 165,293.27 -2,544.84 Total SELL 6,390,000.00 5,959 ,838.44 -176,269.84
33 © PFM Asset Management LLC pfmam.com

TRANSFER IN
5/7/2024 5/7/2024 100,000.00 60412AK85 MINNESOTA ST-F-UNREF MUNICIPAL BONDS 0.63% 8/1/2025 94,667.00 5.30% Total TRANSFER IN 100,000.00 94,667.00 0.00

TRANSFER OUT
5/7/2024 5/7/2024 100,000.00 60412AVJ9 MN ST TXBL GO BONDS 0.63% 8/1/2025 94,667.00 0.63% -5,501.00 Total TRANSFER OUT 100,000.00 94,66 7.00 -5,501.00
34 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/Description
Date
d 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 NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 50,000.00 AA+ Aaa 8/5/2020 8/7/2020 53,441.41 0.18 2.38 49,117.1950,391.90

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 50,000.00 AA+ Aaa 4/1/2021 4/5/2021 49,031.25 0.72 0.34 47,648.4449,772.06

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 450,000.00 AA+ Aaa 1/4/2023 1/6/2023 418,658.20 3.96 1,149.46 423,421.88430,714.45

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 24,266.30 8,938,906.259,141,899.31

US TREASURY 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 5,559.78 1,143,187.441,170,233.23

US TREASURY 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 6,890.11 569,718.72573,970.17

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 400,000.00 AA+ Aaa 3/2/2023 3/6/2023 373,265.62 4.44 4,593.41 379,812.48381,295.91

US TREASURY 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 9,473.90 783,363.24796,637.01

US TREASURY 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 4,306.32 356,074.20365,791.50

US TREASURY NOTES
DTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 1,200,000.00 AA+ Aaa 12/1/2023 12/5/2023 1,184,109.38 4.24 3,938.53 1,177,125.001,186,390.38

US TREASURY NOTES
DTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 1,175,000.00 AA+ Aaa 1/2/2024 1/5/2024 1,170,501.95 3.98 3,856.47 1,152,601.561,171,063.81

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 400,000.00 AA+ Aaa 4/3/2024 4/5/2024 393,640.63 4.45 5,347.83 393,875.00394,028.89

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 2,450,000.00 AA+ Aaa 5/1/2024 5/6/2024 2,383,390.63 4.79 32,755.43 2,412,484.372,386,066.47

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 1,350,000.00 AA+ Aaa 3/1/2024 3/6/2024 1,335,287.11 4.30 18,048.91 1,329,328.131,336,470.21

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 600,000.00 AA+ Aaa 2/2/2024 2/6/2024 602,507.81 3.89 8,021.74 590,812.50602,261.08 35 © PFM Asset Management LLC pfmam.com

US TREASURY NOTES
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,900,000.00 AA+ Aaa 6/6/2024 6/11/2024 2,565,253.91 4.39 98.51 2,565,593.752,569,777.51 23,525,000.00 22,321,836.94 128,309.42 22,313,070.15Security Type Sub-Total 4.03 22,606,763.89 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 17,500.00 451,689.29450,000.00

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 4,009.25 450,107.10450,000.00 900,000.00 900,000.00 21,509.25 901,796.39Security Type Sub-Total 5.56 900,000.00 Municipal

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 2.00 599.40 60,000.0060,000.00

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 2.10 875.42 99,818.00100,000.00

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 0.87 832.54 314,788.50325,000.00

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 95.90 81,983.3585,000.00

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 1.12 534.65 81,594.0585,117.61

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 1,006.40 153,588.80160,000.00

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 1.11 408.85 62,395.4565,095.90 36 © PFM Asset Management LLC pfmam.com

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 0.85 461.50 124,069.40130,000.00

MINNESOTA ST-F-UNREF MUNICIPAL
BONDS
DTD 08/25/2020 0.630% 08/01/2025
60412AK85 100,000.00 AAA Aaa 5/7/2024 5/7/2024 100,000.00 5.30 262.50 95,267.10100,000.00

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 0.86 122.12 80,328.4085,000.00

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 3,230.67 200,364.00200,000.00 1,395,000.00 1,396,023.10 8,429.95 1,354,197.05Security Type Sub-Total 1.98 1,395,213.51 Joint Powers Authority
CAMP Pool 88,805.27 AAAm NR 88,805.27 0.00 88,805.2788,805.27 88,805.27 88,805.27 0.00 88,805.27Security Type Sub-Total 88,805.27 Federal Agency

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 0.48 708.33 404,228.98424,553.26

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 0.47 459.38 331,481.85349,622.83

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 0.44 182.81 141,896.25149,893.62

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 0.44 714.58 661,405.50699,481.34

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 0.57 487.50 612,457.95649,368.73 2,275,000.00 2,266,361.50 2,552.60 2,151,470.53Security Type Sub-Total 0.49 2,272,919.78 37 © PFM Asset Management LLC pfmam.com

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 7,400.56 399,649.20400,000.00

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 0.75 202.71 69,598.4169,999.76

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 1,268.75 171,197.25176,112.58

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 2.29 585.00 78,266.9679,981.86

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 2,695.20 400,779.92410,000.00

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 2.76 142.50 24,512.1024,988.69 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 3.46 373.75 63,959.2964,996.03

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 1,265.63 221,310.23224,791.16

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 1,006.25 221,365.35229,357.57

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 0.81 295.56 455,986.23474,957.00

NATIONAL AUSTRALIA BK/NY

CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 250,000.00 AA- Aa2 5/31/2022 6/9/2022 250,000.00 3.50 534.72 245,744.50250,000.00

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 76.67 49,026.3049,995.86 38 © PFM Asset Management LLC pfmam.com

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 3,850.00 221,827.28225,000.00

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 3,632.81 221,355.00231,994.87

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 2,567.19 222,124.50231,660.71

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 1.53 239.06 220,224.60225,000.00

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 1,602.05 171,540.78175,000.00

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 1.19 330.63 209,029.73224,853.24

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 1.26 844.62 161,091.35174,977.76

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 1,838.13 207,750.60224,425.32

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 1.99 359.67 37,202.8039,965.27

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 4,192.53 441,090.23474,457.14

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 9,968.75 723,738.75731,255.54

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 2,486.25 280,176.00285,225.85 39 © PFM Asset Management LLC pfmam.com

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 3,216.81 445,140.08470,178.09

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 2,475.00 286,387.50289,903.07

NATIONAL AUSTRALIA BK/NY

CORPORATE NOTES
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa2 1/13/2023 1/18/2023 488,325.00 4.50 1,193.19 484,935.50492,185.11

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 6,804.93 730,308.08751,586.71

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 8,141.93 371,473.88375,920.66

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 4,760.00 332,067.05334,877.26

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 1,477.11 84,300.1186,551.45

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 5,321.88 361,091.25362,677.30

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 4.49 341.17 59,111.7059,915.95

JOHN DEERE CAPITAL CORP

CORPORATE NOTES
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 375,000.00 A A1 7/21/2023 7/25/2023 377,865.00 4.78 8,610.94 375,077.25377,325.45

CITIBANK NA CORP NOTES
(CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 750,000.00 A+ Aa3 10/2/2023 10/4/2023 746,280.00 5.92 11,122.42 770,231.25746,767.23

AIR PRODUCTS & CHEMICALS CORP

NOTES (CAL
DTD 02/08/2024 4.600% 02/08/2029
009158BH8 340,000.00 A A2 2/6/2024 2/8/2024 339,547.80 4.63 6,212.56 336,717.30339,579.93 40 © PFM Asset Management LLC pfmam.com

CISCO SYSTEMS INC CORPORATE

NOTES (CALLA
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 420,000.00 AA- A1 2/21/2024 2/26/2024 419,853.00 4.86 7,072.92 419,643.00419,862.08

BLACKROCK FUNDING INC

CORPORATE NOTES (C
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 725,000.00 AA- Aa3 3/6/2024 3/14/2024 725,355.25 4.69 10,127.85 721,423.58725,336.09

BLACKROCK FUNDING INC

CORPORATE NOTES (C
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 50,000.00 AA- Aa3 3/5/2024 3/14/2024 49,909.50 4.74 698.47 49,753.3549,914.29

ADOBE INC CORP NOTES (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 170,000.00 A+ A1 4/2/2024 4/4/2024 169,775.60 4.83 1,972.00 170,187.51169,785.21

ADOBE INC CORP NOTES (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 205,000.00 A+ A1 4/1/2024 4/4/2024 204,694.55 4.83 2,378.00 205,226.12204,707.63

HOME DEPOT INC CORPORATE

NOTES (CALLABLE
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 6/17/2024 6/25/2024 124,193.75 4.90 98.96 124,053.75124,196.09

HOME DEPOT INC CORPORATE

NOTES (CALLABLE
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 250,000.00 A A2 6/18/2024 6/25/2024 248,627.50 4.88 197.92 248,107.50248,631.48 12,420,000.00 12,376,027.70 129,983.05 12,093,783.12Security Type Sub-Total 3.62 12,328,897.29 Agency CMBS
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 243,868.94 AA+ Aaa 3/19/2020 3/25/2020 255,948.07 1.95 622.27 240,897.11244,948.44 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 4.37 629.06 265,348.76268,704.62 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 1,215.96 523,885.05535,397.78 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 374,996.09 AA+ Aaa 5/19/2023 5/24/2023 363,453.25 4.31 1,045.93 361,458.82367,163.12 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 1,477.67 526,662.46526,488.74 41 © PFM Asset Management LLC pfmam.com

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 1,486.38 525,933.24533,387.13 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 396,745.88 AA+ Aaa 12/6/2023 12/14/2023 396,742.69 4.86 1,606.16 395,827.32396,743.07 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 437,290.60 AA+ Aaa 7/19/2023 7/27/2023 437,279.71 4.78 1,740.78 435,542.85437,281.80 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 2,208.71 548,362.33554,421.29 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 1,920.42 534,912.64542,419.21 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 3,100.00 792,911.26789,907.58 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 500,000.00 AA+ Aaa 10/11/2023 10/19/2023 489,032.00 5.26 1,975.00 497,049.35490,473.11 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 375,000.00 AA+ Aaa 10/25/2023 10/31/2023 363,043.88 5.60 1,515.63 374,269.41364,512.38 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 2,000.00 498,198.56494,849.51 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 275,000.00 AA+ Aaa 11/28/2023 12/7/2023 274,209.93 4.93 1,113.75 274,542.66274,293.53 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 180,000.00 AA+ Aaa 11/14/2023 11/21/2023 179,479.62 5.14 760.35 181,077.57179,538.14 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 290,000.00 AA+ Aaa 2/1/2024 2/8/2024 292,899.71 4.34 1,104.90 286,422.34292,683.00 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 550,000.00 AA+ Aaa 6/5/2024 6/13/2024 549,998.35 4.80 2,201.38 549,219.36549,998.37 7,947,901.51 7,816,736.50 27,724.35 7,812,521.09Security Type Sub-Total 4.68 7,843,210.82 42 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 2,412.88 NR NR 4/20/2021 4/28/2021 2,412.62 0.38 0.41 2,406.802,412.81 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 56,309.69 AAA Aaa 6/15/2021 6/23/2021 56,308.73 0.33 8.26 55,723.5656,309.40 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 52,903.10 AAA NR 6/8/2021 6/14/2021 52,897.40 0.26 6.11 52,350.4752,901.32 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 39,957.53 NR Aaa 11/16/2021 11/24/2021 39,949.11 0.89 9.77 39,148.4139,954.38 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 18,597.95 AAA NR 4/13/2021 4/21/2021 18,593.93 0.52 4.30 18,395.2018,596.59 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 30,240.83 AAA NR 11/9/2021 11/17/2021 30,234.08 0.75 9.95 29,715.6630,238.02 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 50.27 192,927.54194,981.45 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 38,017.70 AAA Aaa 10/13/2021 10/21/2021 38,016.73 0.68 10.77 37,149.1738,017.26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 192,683.47 AAA NR 7/12/2022 7/20/2022 192,678.92 3.97 339.98 190,292.60192,680.79 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 4.46 277.51 138,590.16139,982.02 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 4.82 552.29 273,345.88274,970.93 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 4.63 504.16 242,846.70244,999.92 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 4.95 539.00 243,193.13244,974.45 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 5.05 381.56 169,168.62169,987.70 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 4.65 268.67 128,779.51129,989.93 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 5.42 625.16 320,400.93319,946.65 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 4.31 612.98 315,108.06319,986.05 43 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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
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 4.87 411.24 189,215.28189,986.74 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 4.43 962.58 483,263.58489,912.61 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 4.79 361.91 168,965.47169,969.68 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 4.93 766.89 348,509.74349,962.34 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 85,000.00 NR Aaa 11/1/2023 11/8/2023 84,985.03 5.67 133.88 85,678.6184,986.90 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 5.53 860.22 350,731.12349,982.03 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 5.23 953.02 411,510.97409,984.24 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 5.17 928.80 405,319.46404,903.69 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 180,000.00 NR Aaa 12/7/2023 12/14/2023 179,975.83 4.98 398.40 179,721.70179,978.24 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 495,000.00 AAA NR 4/16/2024 4/23/2024 494,898.53 5.23 1,150.60 498,775.91494,901.92 5,596,123.15 5,595,314.06 11,128.69 5,571,234.24Security Type Sub-Total 4.59 5,595,498.06 54,059,024.66 52,672,299.80 329,637.31 52,198,072.57Managed Account Sub Total Securities Sub Total
Accrued Interest
$54,147,829.93 $52,761,105.07 $329,637.31 $52,286,877.84 $329,637.31
52,942,503.35
$53,031,308.62

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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. 45 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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 June 30, 2024
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.
47 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2024
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. 48

Lake Elsinore City CouncilAugust 27, 2024

Lake Elsinore City Council
August 27, 2024