Attachment 1 - Investment Report for October 2024 — Lake Elsinore City Council, December 10, 2024

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account 3,901,102 $ 24,795 $ (102,075) $ 3,823,822 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 3,901,102 24,795 (102,075) 3,826,122

INVESTMENTS
Local Agency Investment Funds 62,648,272 - - 62,648,272 CAMP Investments:

CAMP Pool Account 214,679 - - 214,679 U.S. Treasury Bond / Note 22,408,239 - - 22,408,239 Municipal Bond / Note 1,236,023 - - 1,236,023 Federal Agency Commercial Mortgage-Backed Security 8,680,005 - - 8,680,005 Federal Agency Bond / Note 2,266,362 - - 2,266,362 Corporate Note 12,286,922 - - 12,286,922 Certificate of Deposit 900,000 - - 900,000 Bank Note 525,525 - - 525,525 Asset-Backed Security 5,150,036 - - 5,150,036 Sub-total Investments 116,316,063 - - 116,316,063 Market Value Adjustment:

Unrealized Gain/(Loss) at 4/30/2024 (821,059) - - (821,059) Total Investments 115,495,005 - - 115,495,005 Total Pooled Cash and Investments 119,396,106 $ 24,795 $ (102,075) $ 119,321,127 $ TOTAL POOLED CASH AND INVESTMENTS 119,321,127$
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 November 26, 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 OCTOBER 31, 2024

FUND NO FUND NAME AMOUNT
100 General 11,243,170 $
102 Measure Z 13,093,622
106 Affordable Housing In Lieu 1,502,918
107 Developer Agreement Revenue 534,629
108 American Rescue Plan 4,940,986
109 Road Maintenance and Rehabilitation (SB1) 2,452,579 110 State Gas Tax 850,983
111 TUMF C.I.P. 122,743
112 Measure A 770,916
114 SB1186 CASP Education Program 71,938
115 Traffic Safety 5,317
116 City Hall-Public Works DIF 477,436
117 Community Center DIF 508,786
118 Lake Side Facility DIF 715,349
119 Animal Shelter DIF 55,964
121 T.R.I.P.-2014A 520
135 Lighting & Landscape Maintenance - Dist. No. 1 1,626,315 140 Geothermal 12,292
160 PEG Grant 4,344
202 La Strada RBBD 25,070
203 E.L.S.P. - S.T.I.F. 3,535,230
205 Traffic Impact Fee 640,034
211 Storm Drain C.I.P. 2,327,244
231 Library C.I.P. 1,099,770
232 City Fire Protection 1,106,713
300 Insurance Service 369,351
305 Information Systems Service 2,592,372
310 Support Service 35,629
315 Fleet Service 810,432
320 Facilities Service 2,391,564
331 CFD 2006-1CC Summerly Improvement Area CC 1,741
335 CFD 2003-2E Canyon Hills Improvement Area E 1,089
337 CFD 2016-2 Canyon Hills 26,857
338 CFD 2006-1 IA-JJ Summerly Improvement Area 7,842
339 CFD 2006-1 IA-KK Summerly Improvement Area 7,117
345 CFD 2003-2 Improvement Area D, Canyon Hills 10,153
346 CFD 2014-1 Southshore 60,826
351 CFD 2006-1 IA-II Summerly Improvement 12,351
361 CFD 2022-2 Lakeshore Improvement 4,745
363 CFD 2022-3 Lakeside 2,696,654

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 OCTOBER 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 OCTOBER 31, 2024
364 CFD 2023-2 Coastal Mission Trail Improvement 4,970
377 CFD 2006-6 Tessara 5,807
397 CFD 2018-3 Village at Lakeshore 9,886
500 Capital Improvement Plan 11,542,483
603 Endowment Trust - Carl Graves 64,690
604 Endowment Trust - Korn Memorial 35,321
605 Public Improvement Trust 2,543,363
606 Mobile Source Air Polution Reduction 147,862
608 Trust Deposit & Pre Paid Expense 1,674,913
617 Successor Agency Housing 41,517,012
620 Cost Recovery System 4,598,168
631 Lake Destratification Equipment Replacement 423,063 Total Pooled Cash & Investments 119,321,127$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.18% 214,679 $
U.S. Treasury Bond / Note Unlimited 19.26% 22,408,239 $ Supra-National Agency Bond / Note 30% 0.00% - $
Municipal Bond / Note Unlimited 1.06% 1,236,023 $
Federal Agency Collaterized Mortgage Obligation 40% 7.46% 8,680,00 5$ Federal Agency Bond / Note Unlimited 1.95% (1) 2,266,362$ Banker's Acceptance 40.00% 0.00% - $
Corporate Note (Includes Bank Note) 30% 11.02% 12,812,447 $ Commercial Paper 25% 0.00% - $
Negotiable Certificates of Deposit 30% 0.77% 900,000 $
Asset-Backed Security / Collaterized Mortgage 20% 4.43% 5,150,036 $ Repurchase Agreements Unlimited 0 - $
Reverse Repurchase Agreements 10.00% 0.00% - $
LAIF (Local Agency Investment Funds) $150 Million 53.86% (2) 62,648,272$ TOTAL 100.00% 116,316 ,063$
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 OCTOBER 31, 2024

Local Agency Investment Fund

October 4.518
September 4.575
August 4.579
July 4.516
June 4.480
May 4.332
PMIA Average Life(1): 231
LAIF Fair Value Factor(1): 1.002061084
PMIA Daily(1): 4.58
PMIA Quarter to Date(1): 4.56
LAIF Apportionment Rate(2): 4.71
LAIF Earnings Ratio(2): 0.00012912073474208
LAIF Administrative Cost(1)*: 0.26
Treasuries

53.92%
Agencies

25.53%
Certificates of
Deposit/Bank Notes

9.40%
Time
Deposits

3.38%
Commercial
Paper

7.06%
Corporate
Bonds

0.59%
Loans

0.12%
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 California, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 11/20/24
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 09/30/24
Chart does not include $1,290,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/24
$155.9 billion

Yield Purchase Date Maturity Rate

4.518% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 64,203,505$ (1,555,234) $ 62,648,272 $ 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 OCTOBER 31, 2024
CAMP
Investment Portfolio

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
470,550.48
1,963,668.10
(2,219,539.40)

0.00 $214,679.18
CAMP Pool
Unsettled Trades 0.00
763.98 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
53,657,307.94
2,211,468.75
(1,840,141.56)
(675,994.71)
$53,551,695.11
CAMP Managed Account
Unsettled Trades 199,054.69
165,671.06 Cash Dividends and Income
October 31, 2024 September 30, 2024
Asset Summary
CAMP Pool 214,679.18 470,550.48
CAMP Managed Account 53,551,695.11 53,657,307.94
$53,766,374.29 $54,127,858.42 Total
Asset Allocation

0.40%
CAMP Pool

99.60%
CAMP Managed
Account

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U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
$470,550.48
1,963,668.10
(2,219,539.40)
$214,679.18
763.98
$53,657,307.94
(97,375.93)
(1,742,765.63)
2,211,468.75
199,054.69
(675,994.71)
$53,551,695.11
$54,127,858.42
$53,766,374.29
122,762.55
(8,070.65)
50,979.16
$165,671.06

0.00 1,756,950.41
108,577.77
97,375.93
(2,219,539.40)
256,635.29

0.00 Managed Account Total
53,701,405.72 53,916,084.90
335,189.06
2,749,682.40
97,375.93
108,577.77
(3,417,285.32)
(53,105,484.65)
(298,366.83)

0.00 335,189.06
4,969,221.80
97,375.93
108,577.77
(5,380,953.42)
(53,576,035.13)
(298,366.83)
763.98
Total Accrual Basis Earnings $171,094.08 $171,858.06
Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
$0.00 Closing Cash Balance

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U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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 23,700,000.00 22,567,520.66 41.97 Municipal Bond / Note 1,235,000.00 1,213,872.91 2.26 Federal Agency Commercial
Mortgage-Backed Security
8,805,588.67 8,754,522.35 16.28
Federal Agency Bond / Note 2,275,000.00 2,198,574.15 4.09 Corporate Note 12,350,000.00 12,197,838.12 22.69
Certificate of Deposit 900,000.00 911,621.70 1.70
Bank Note 525,000.00 527,926.88 0.98
Asset-Backed Security 5,150,776.42 5,179,818.34 9.63 Managed Account Sub-Total 54,941,365.09 53,551,695.11 99.60% Accrued Interest 335,189.06
Total Portfolio 54,941,365.09 53,886,884.17
CAMP Pool 214,679.18 214,679.18 0.40
Total Investments 55,156,044.27 54,101,563.35 100.00%
Unsettled Trades 1,200,000.00 1,180,734.00
Sector Allocation

9.63%
ABS

0.98%
Bank Note

1.70%
Cert of Deposit

21.21%
Corporate Note

4.09%
Fed Agy Bond /
Note

16.28%
Federal Agency
Commercial
Mortgage-Backed
Security

0.40%
Joint Powers
Authority

2.26%
Muni Bond / Note

1.48%
Priv Placement
Bond

41.97%
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

2.64%

8.64%

5.24%

24.62%

47.07%

11.79%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1068

3.98%

4.37%

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U.S. Bancorp Asset Management, Inc.

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

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

4.80%
A

4.72%
A+

4.64%
A-

3.60%
AA

63.74%
AA+

5.41%
AA-

9.73%
AAA

0.40%
AAAm

0.68%
BBB+

2.28%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
223,938.23 0.42 Abbott Laboratories
379,758.75 0.71 Adobe Inc
340,824.50 0.63 Air Products and Chemicals Inc
464,700.58 0.86 Amazon.com Inc
1,475,045.66 2.73 American Express Co
745,971.60 1.39 Apple Inc
352,304.57 0.66 BA Credit Card Trust
448,075.36 0.83 Bank of America Corp
451,151.68 0.84 Bank of New York Mellon Corp
165,029.55 0.31 Bayerische Motoren Werke AG
454,667.63 0.85 Berkshire Hathaway Inc
780,221.18 1.45 BlackRock Inc
368,094.75 0.68 Bristol-Myers Squibb Co
82,060.87 0.15 California State University
214,679.18 0.40 CAMP Pool
734,950.51 1.37 Capital One Financial Corp
151,681.90 0.28 CarMax Inc
212,401.58 0.40 Caterpillar Inc
290,970.60 0.54 Charles Schwab Corp
64,534.34 0.12 Cintas Corp
425,208.00 0.79 Cisco Systems Inc
779,149.50 1.45 Citigroup Inc
380,127.38 0.71 Deere & Co
670,630.58 1.25 Discover Card Execution Note Trust
145,117.65 0.27 Federal Home Loan Banks
9,326,113.92 17.34 Federal Home Loan Mortgage Corp
1,481,864.93 2.75 Federal National Mortgage Association 353,867.15 0.66 Fifth Third Auto Trust
130,072.15 0.24 Ford Credit Auto Owner Trust
223,734.15 0.42 General Dynamics Corp
263,502.17 0.49 GM Financial Consumer Automobile Receiv 170,283.73 0.32 Harley-Davidson Inc

Page 4 ends

U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
402,472.35 0.75 Home Depot Inc
432,533.98 0.80 Honda Auto Receivables Owner Trust
393,335.60 0.73 Honda Motor Co Ltd
15,204.00 0.03 Hyundai Auto Receivables Trust
223,781.63 0.42 International Business Machines Corp
583,433.23 1.09 JPMorgan Chase & Co
59,930.70 0.11 Lockheed Martin Corp
734,766.00 1.37 Microsoft Corp
527,926.88 0.98 Morgan Stanley
741,634.00 1.38 National Australia Bank Ltd
386,882.50 0.72 National Rural Utilities Cooperative Fi 320,404.18 0.60 New York State Urban Development Corp
131,488.84 0.24 Nissan Auto Receivables Owner Trust
455,579.10 0.85 Nordea Bank Abp
173,604.20 0.32 PACCAR Inc
406,245.63 0.76 Roche Holding AG
126,337.51 0.23 San Juan Unified School District
302,489.62 0.56 State Board of Administration Finance C 201,941.80 0.38 State of California
97,251.80 0.18 State of Minnesota
37,997.16 0.07 Target Corp
85,522.50 0.16 Texas Instruments Inc
456,042.60 0.85 Toronto-Dominion Bank
254,153.78 0.47 Toyota Auto Receivables Owner Trust
376,078.50 0.70 Toyota Motor Corp
223,744.05 0.42 United Services Automobile Association 22,567,520.66 41.96 United States Treasury
213,950.03 0.40 UnitedHealth Group Inc
83,387.13 0.16 University of California Board of Regen $53,766,374.29 Total 100.00%

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U.S. Bancorp Asset Management, Inc.

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

US TREASURY N/B
DTD 06/30/2020 0.250% 06/30/2025
48,656.25 49,849.08 42.12 49,031.25 04/05/2104/01/21AaaAA+ 50,000.00 912828ZW3 0.71

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
3,618,250.68 3,652,889.69 34,877.72 3,545,550.78 01/17/2301/13/23AaaAA+ 3,775,000.00 912828U24 3.72

US TREASURY N/B
DTD 05/02/2022 2.750% 04/30/2027
1,160,766.00 1,173,777.58 91.16 1,155,421.88 02/03/2301/31/23AaaAA+ 1,200,000.00 91282CEN7 3.70

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
361,538.25 366,798.29 2,606.15 362,329.10 05/05/2305/01/23AaaAA+ 375,000.00 91282CFB2 3.62

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
385,640.80 383,340.89 2,779.89 373,265.62 03/06/2303/02/23AaaAA+ 400,000.00 91282CFB2 4.44

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
578,461.20 576,816.10 4,169.84 565,640.63 07/07/2307/03/23AaaAA+ 600,000.00 91282CFB2 4.30

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
795,384.15 799,738.03 5,733.53 786,779.30 06/06/2306/02/23AaaAA+ 825,000.00 91282CFB2 3.97

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027
1,165,866.73 1,171,452.06 19,157.96 1,170,501.95 01/05/2401/02/24AaaAA+ 1,175,000.00 91282CFZ9 3.98

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027
1,190,672.40 1,187,732.79 19,565.57 1,184,109.38 12/05/2312/01/23AaaAA+ 1,200,000.00 91282CFZ9 4.24

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
398,109.20 394,577.80 2,740.33 393,640.63 04/05/2404/03/24AaaAA+ 400,000.00 91282CGP0 4.45

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
597,163.80 602,053.23 4,110.50 602,507.81 02/06/2402/02/24AaaAA+ 600,000.00 91282CGP0 3.89

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
1,343,618.55 1,337,713.98 9,248.62 1,335,287.11 03/06/2403/01/24AaaAA+ 1,350,000.00 91282CGP0 4.30

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
2,438,418.85 2,391,277.90 16,784.53 2,383,390.63 05/06/2405/01/24AaaAA+ 2,450,000.00 91282CGP0 4.79

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
202,895.55 200,647.68 947.69 198,641.60 07/03/2407/01/24AaaAA+ 225,000.00 91282CCH2 4.49

Page 6 ends

U.S. Bancorp Asset Management, Inc.

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

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,149,741.45 1,173,308.41 5,370.24 1,169,364.26 09/06/2409/04/24AaaAA+ 1,275,000.00 91282CCH2 3.59

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,172,285.40 1,181,155.83 5,475.54 1,173,960.94 08/05/2408/01/24AaaAA+ 1,300,000.00 91282CCH2 3.96

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
2,164,219.20 2,214,683.11 10,108.70 2,211,468.75 10/07/2410/01/24AaaAA+ 2,400,000.00 91282CCH2 3.51

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
2,615,098.20 2,594,965.18 12,214.67 2,565,253.91 06/11/2406/06/24AaaAA+ 2,900,000.00 91282CCH2 4.39

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,180,734.00 1,182,093.75 15,163.04 1,182,093.75 11/05/2410/31/24AaaAA+ 1,200,000.00 91282CJR3 4.14 171,187.80 22,567,520.66 22,634,871.38 4.05 22,408,239.28 23,700,000.00 Security Type Sub-Total Municipal Bond / Note
NY ST URBAN DEV-F-1
DTD 12/23/2020 0.870% 03/15/2025
320,404.18 325,000.00 361.29 325,000.00 12/23/2012/16/20NRNR 325,000.00 650036DT0 0.87

UNIV OF CALIFORNIA-BG (CALLABLE)
DTD 07/16/2020 0.883% 05/15/2025
83,387.13 85,000.00 346.09 85,000.00 07/16/2007/10/20Aa2AA 85,000.00 91412HGE7 0.88

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
63,425.24 65,063.94 272.57 65,459.55 09/16/2009/03/20Aa3AA 65,000.00 341271AD6 1.11

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
82,940.70 85,078.41 356.43 85,563.55 09/16/2009/03/20Aa3AA 85,000.00 341271AD6 1.12

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
156,123.68 160,000.00 670.93 160,000.00 09/16/2009/03/20Aa3AA 160,000.00 341271AD6 1.26

MINNESOTA ST-F-UNREF
DTD 08/25/2020 0.630% 08/01/2025
97,251.80 100,000.00 157.50 100,000.00 05/07/2405/07/24AaaAAA 100,000.00 60412AK85 0.63

SAN JUAN CA UNIF SCH
DTD 10/29/2020 0.852% 08/01/2025
126,337.51 130,000.00 276.90 130,000.00 10/29/2010/16/20Aa2NR 130,000.00 798306WP7 0.85

CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
82,060.87 85,000.00 366.35 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86

Page 7 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
Municipal Bond / Note
CA ST
DTD 03/15/2023 4.846% 03/01/2027
201,941.80 200,000.00 1,615.33 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85 4,423.39 1,213,872.91 1,235,142.35 1.59 1,236,023.10 1,235,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
197,438.14 198,615.91 506.01 208,128.06 03/25/2003/19/20AaaAA+ 198,305.73 3137BGK24 1.91 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
269,213.73 269,949.35 629.06 263,613.28 04/14/2304/11/23AaaAA+ 275,000.00 3137BNGT5 4.32 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
532,242.15 537,512.99 1,215.96 526,839.84 04/12/2304/06/23AaaAA+ 550,000.00 3137BSP72 3.98 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
363,107.42 365,259.47 1,037.61 360,564.61 05/24/2305/19/23AaaAA+ 372,015.71 3137BTUM1 4.29 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
534,495.50 529,219.16 1,477.67 518,804.69 08/18/2308/16/23AaaAA+ 550,000.00 3137BXQY1 4.94 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
533,569.85 535,249.77 1,486.38 527,033.20 06/13/2306/08/23AaaAA+ 550,000.00 3137F1G44 4.42 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
395,683.36 393,604.22 1,593.45 393,602.36 12/14/2312/06/23AaaAA+ 393,605.51 3137HBC69 4.86 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
436,773.91 436,100.33 1,736.07 436,097.54 07/27/2307/19/23AaaAA+ 436,108.41 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
553,425.40 554,066.66 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 4.181% 07/01/2028
517,311.58 518,878.43 1,831.19 516,643.54 07/31/2307/18/23AaaAA+ 525,553.31 3136BQDE6 4.58 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
502,499.50 491,134.08 1,975.00 489,032.00 10/19/2310/11/23AaaAA+ 500,000.00 3137HAQ74 5.25

Page 8 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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 K506 A2
DTD 09/01/2023 4.650% 08/01/2028
800,751.20 790,610.81 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
377,703.38 365,070.95 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
502,698.00 495,128.88 2,000.00 494,023.50 09/28/2309/20/23AaaAA+ 500,000.00 3137HAMS2 5.07 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
182,682.18 179,569.31 760.35 179,479.62 11/21/2311/14/23AaaAA+ 180,000.00 3137HB3D4 5.14 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
277,220.90 274,341.28 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
289,516.86 292,505.93 1,104.90 292,899.71 02/08/2402/01/24AaaAA+ 290,000.00 3137HBLV4 4.34 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
441,675.96 442,609.74 1,730.67 442,702.04 07/25/2407/16/24AaaAA+ 440,000.00 3137HDV56 4.58 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
553,381.95 550,000.00 2,201.38 549,998.35 06/13/2406/05/24AaaAA+ 550,000.00 3137HDJJ0 4.80 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
493,131.38 499,453.27 1,873.99 499,630.23 08/15/2408/07/24AaaAA+ 495,000.00 3137HDXL9 4.33 31,097.78 8,754,522.35 8,718,880.54 4.66 8,680,005.38 8,805,588.67 Security Type Sub-Total Federal Agency Bond / Note

FREDDIE MAC
DTD 07/23/2020 0.375% 07/21/2025
413,080.45 424,693.94 442.71 422,883.50 07/23/2007/21/20AaaAA+ 425,000.00 3137EAEU9 0.48

FANNIE MAE
DTD 08/27/2020 0.375% 08/25/2025
338,863.35 349,732.16 240.63 348,362.00 08/27/2008/25/20AaaAA+ 350,000.00 3135G05X7 0.47

FEDERAL HOME LOAN BANK
DTD 09/11/2020 0.375% 09/04/2025
145,117.65 149,923.95 89.06 149,550.00 09/11/2009/10/20AaaAA+ 150,000.00 3130AK5E2 0.44

FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
675,822.70 699,622.66 277.08 697,893.00 09/25/2009/23/20AaaAA+ 700,000.00 3137EAEX3 0.44

Page 9 ends

U.S. Bancorp Asset Management, Inc.

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

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
625,690.00 649,525.53 1,570.83 647,673.00 11/12/2011/09/20AaaAA+ 650,000.00 3135G06G3 0.57 2,620.31 2,198,574.15 2,273,498.24 0.49 2,266,361.50 2,275,000.00 Security Type Sub-Total Corporate Note

PACCAR FINANCIAL CORP
DTD 02/06/2020 1.800% 02/06/2025
173,604.20 175,487.93 743.75 182,894.25 10/29/2010/22/20A1A+ 175,000.00 69371RQ66 0.72

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.250% 03/04/2025
79,293.28 79,990.80 285.00 79,919.20 03/04/2203/01/22A2BBB+ 80,000.00 025816CQ0 2.29

ROCHE HOLDINGS INC (CALLABLE)
DTD 03/10/2022 2.132% 03/10/2025
406,245.63 410,000.00 1,238.34 410,000.00 03/10/2203/03/22Aa2AA 410,000.00 771196BT8 2.13

HOME DEPOT INC (CALLABLE)
DTD 03/28/2022 2.700% 04/15/2025
24,788.85 24,993.46 30.00 24,956.25 03/28/2203/24/22A2A 25,000.00 437076CM2 2.76 CINTAS CORPORATION NO. 2 (CALLABLE)
DTD 05/03/2022 3.450% 05/01/2025
64,534.34 64,997.61 1,121.25 64,985.70 05/03/2204/26/22A3A- 65,000.00 17252MAP5 3.46

USAA CAPITAL CORP
DTD 05/26/2022 3.375% 05/01/2025
223,744.05 224,874.47 3,796.88 224,264.25 05/26/2205/23/22Aa1AA 225,000.00 90327QD89 3.49

GENERAL DYNAMICS CORP (CALLABLE)
DTD 05/11/2018 3.500% 05/15/2025
223,734.15 227,303.57 3,631.25 252,247.50 10/20/2010/16/20A2A 225,000.00 369550BG2 0.80 AMAZON.COM INC (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
464,700.58 474,972.56 1,562.22 474,767.25 06/05/2006/03/20A1AA 475,000.00 023135BQ8 0.81

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.500% 06/09/2025
248,288.00 250,000.00 3,451.39 250,000.00 06/09/2205/31/22Aa2AA- 250,000.00 63254ABD9 3.50

NATIONAL RURAL UTIL COOP
DTD 05/04/2022 3.450% 06/15/2025
49,608.50 49,997.30 651.67 49,986.50 05/04/2204/27/22A2A- 50,000.00 63743HFE7 3.92

IBM CORP
DTD 07/27/2022 4.000% 07/27/2025
223,781.63 225,000.00 2,350.00 225,000.00 07/27/2207/20/22A3A- 225,000.00 459200KS9 4.00

Page 10 ends

U.S. Bancorp Asset Management, Inc.

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

BANK OF AMERICA CORP
DTD 07/30/2015 3.875% 08/01/2025
223,917.08 229,838.85 2,179.69 256,918.50 08/20/2008/18/20A1A- 225,000.00 06051GFS3 0.93

ABBOTT LABORATORIES (CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025
223,938.23 229,335.53 1,114.06 257,845.50 09/28/2009/24/20Aa3AA- 225,000.00 002824BM1 0.86

BANK OF AMERICA CORP (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
224,158.28 225,000.00 1,386.56 225,000.00 12/06/2112/01/21A1A- 225,000.00 06051GKE8 1.53

JPMORGAN CHASE & CO (CALLABLE)
DTD 02/24/2022 2.595% 02/24/2026
173,622.23 175,000.00 845.18 175,000.00 02/24/2202/16/22A1A- 175,000.00 46647PCV6 2.60

UNITEDHEALTH GROUP INC (CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
213,950.03 224,879.24 1,193.13 224,608.50 05/19/2105/17/21A2A+ 225,000.00 91324PEC2 1.19

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
165,029.55 174,981.26 480.03 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
212,401.58 224,501.82 1,200.63 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
37,997.16 39,969.85 229.67 39,932.00 01/24/2201/19/22A2A 40,000.00 87612EBM7 1.99

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
451,151.68 474,527.88 2,569.62 473,945.50 01/28/2201/26/22A1A 475,000.00 06406RBA4 2.10

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
734,766.00 733,654.85 5,843.75 721,942.50 03/17/2303/14/23AaaAAA 750,000.00 594918BY9 4.36

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
286,418.40 287,067.38 1,211.25 277,203.00 01/18/2301/13/23A2BBB+ 300,000.00 025816CS6 4.59

BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
454,667.63 470,767.52 1,395.97 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70

CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
290,970.60 291,132.35 825.00 284,925.00 02/22/2302/17/23A2A- 300,000.00 808513BW4 4.66

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
493,346.00 493,073.28 7,701.53 488,325.00 01/18/2301/13/23Aa2AA- 500,000.00 63254ABE7 4.50

Page 11 ends

U.S. Bancorp Asset Management, Inc.

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

APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
745,971.60 754,035.77 3,059.10 741,062.75 01/23/2301/19/23AaaAA+ 775,000.00 037833DB3 3.94

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
376,078.50 375,833.05 5,251.30 376,282.50 02/10/2302/08/23A1A+ 375,000.00 89236TKQ7 4.55

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
337,274.00 336,289.22 2,776.67 329,189.00 02/22/2302/17/23A1A- 350,000.00 637432NP6 4.76

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
85,522.50 86,406.13 825.44 87,043.40 05/18/2305/11/23Aa3A+ 85,000.00 882508BV5 4.04

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
368,094.75 363,801.69 2,884.38 358,263.75 03/13/2303/09/23A2A 375,000.00 110122DE5 4.93

LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
59,930.70 59,923.13 1,231.17 59,892.00 05/25/2305/23/23A2A- 60,000.00 539830BZ1 4.49

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
380,127.38 377,134.74 5,517.19 377,865.00 07/25/2307/21/23A1A 375,000.00 24422EXB0 4.78

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
779,149.50 746,994.72 3,868.67 746,280.00 10/04/2310/02/23Aa3A+ 750,000.00 17325FBB3 5.92

AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
340,824.50 339,607.75 3,605.89 339,547.80 02/08/2402/06/24A2A 340,000.00 009158BH8 4.63

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
425,208.00 419,872.15 3,677.92 419,853.00 02/26/2402/21/24A1AA- 420,000.00 17275RBR2 4.86

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
50,336.85 49,919.96 306.81 49,909.50 03/14/2403/05/24Aa3AA- 50,000.00 09290DAA9 4.74

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
729,884.33 725,317.40 4,448.68 725,355.25 03/14/2403/06/24Aa3AA- 725,000.00 09290DAA9 4.69

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
172,157.30 169,799.01 612.00 169,775.60 04/04/2404/02/24A1A+ 170,000.00 00724PAF6 4.83

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
207,601.45 204,726.15 738.00 204,694.55 04/04/2404/01/24A1A+ 205,000.00 00724PAF6 4.83

Page 12 ends

U.S. Bancorp Asset Management, Inc.

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

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
125,894.50 124,244.25 2,078.13 124,193.75 06/25/2406/17/24A2A 125,000.00 437076DC3 4.90

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
251,789.00 248,714.03 4,156.25 248,627.50 06/25/2406/18/24A2A 250,000.00 437076DC3 4.88

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
393,335.60 399,533.81 2,737.78 399,520.00 09/05/2409/03/24A3A- 400,000.00 02665WFQ9 4.43 94,813.20 12,197,838.12 12,263,500.47 3.69 12,286,922.00 12,350,000.00 Security Type Sub-Total Certificate of Deposit

TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
456,042.60 450,000.00 490.00 450,000.00 10/31/2210/27/22A2A- 450,000.00 89115B6K1 5.60

NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
455,579.10 450,000.00 12,304.25 450,000.00 11/03/2211/02/22Aa3AA- 450,000.00 65558UYF3 5.53 12,794.25 911,621.70 900,000.00 5.57 900,000.00 900,000.00 Security Type Sub-Total Bank Note

MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
527,926.88 525,479.16 7,389.90 525,525.00 07/19/2407/18/24Aa3A+ 525,000.00 61690U8E3 4.94 7,389.90 527,926.88 525,479.16 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
11,484.71 11,508.42 1.69 11,508.27 06/23/2106/15/21AaaAAA 11,508.46 65480BAC1 0.33 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
9,155.74 9,173.85 1.06 9,173.10 06/14/2106/08/21NRAAA 9,174.08 89190GAC1 0.26 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
23,001.89 23,261.53 5.69 23,258.07 11/24/2111/16/21AaaNR 23,262.97 43815GAC3 0.89 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
3,538.13 3,544.61 0.82 3,544.05 04/21/2104/13/21NRAAA 3,544.82 14314QAC8 0.52

Page 13 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
15,204.00 15,319.72 5.04 15,317.47 11/17/2111/09/21NRAAA 15,320.89 44935FAD6 0.75 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
23,933.88 24,255.32 6.87 24,254.93 10/21/2110/13/21AaaAAA 24,255.55 362554AC1 0.68 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
148,143.77 148,924.70 262.77 148,923.01 07/20/2207/12/22NRAAA 148,926.53 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
120,004.13 120,235.90 238.36 120,224.67 09/28/2209/20/22AaaAAA 120,249.56 65480JAC4 4.46 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
239,568.29 239,510.93 481.06 239,494.30 10/12/2210/04/22NRAAA 239,533.55 36265QAD8 4.82 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
244,998.04 244,999.93 504.16 244,999.88 01/30/2301/24/23NRAAA 245,000.00 891940AC2 4.63 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
245,799.68 244,977.05 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
170,283.73 169,988.89 381.56 169,982.88 02/23/2302/13/23AaaNR 170,000.00 41285JAD0 5.05 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
130,072.15 129,990.85 268.67 129,986.44 03/31/2303/28/23NRAAA 130,000.00 344928AD8 4.65 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
323,072.64 319,951.54 625.16 319,934.02 08/22/2308/15/23NRAAA 320,000.00 43815QAC1 5.42 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
318,780.48 319,987.30 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
170,605.37 169,972.28 361.91 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
190,942.59 189,987.88 411.24 189,983.15 06/14/2306/07/23NRAAA 190,000.00 02582JJZ4 4.87 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
489,150.83 489,920.07 962.58 489,887.64 05/24/2305/17/23NRAAA 490,000.00 14041NGD7 4.45

Page 14 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
351,850.10 349,965.50 766.89 349,952.72 06/28/2306/21/23AaaAAA 350,000.00 254683CZ6 4.93 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
86,459.45 84,988.01 133.88 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
353,867.15 349,983.48 860.22 349,978.30 08/23/2308/15/23AaaAAA 350,000.00 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
409,811.00 404,910.63 928.80 404,887.73 09/15/2309/07/23NRAAA 405,000.00 161571HT4 5.17 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
415,170.92 409,796.38 953.02 409,981.67 09/19/2309/12/23NRAAA 410,000.00 02582JKD1 5.24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
181,699.20 179,980.28 398.40 179,975.83 12/14/2312/07/23AaaNR 180,000.00 05522RDH8 4.98 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
503,220.47 494,898.53 1,150.60 494,898.53 04/23/2404/16/24NRAAA 495,000.00 02582JKH2 5.23 10,862.43 5,179,818.34 5,150,033.58 4.87 5,150,036.20 5,150,776.42 Security Type Sub-Total 54,941,365.09 53,453,112.46 3.98 335,189.06 53,701,405.72 53,551,695.11 Managed Account Sub-Total Joint Powers Authority
CAMP Pool 214,679.18 214,679.18 0.00 214,679.18 NRAAAm 214,679.18 214,679.18 214,679.18 0.00 214,679.18 214,679.18 Liquid Sub-Total $55,156,044.27 $53,667,791.64 $335,189.06 $53,916,084.90 $53,766,374.29 3.98% $54,101,563.35
$335,189.06
Total Investments
Accrued Interest
Securities Sub-Total
Bolded items are forward settling trades.

Page 15 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
(1,192.83)(375.00) 48,656.25 97.31 GoldmanS 50,000.00 912828ZW3US TREASURY N/B DTD 06/30/2020 0.250% 06/30/2025

5.10 0.65
(34,639.01) 72,699.90 3,618,250.68 95.85 JPMorgan 3,775,000.00 912828U24US TREASURY N/B DTD 11/15/2016 2.000% 11/15/2026

4.14 1.95
(13,011.58) 5,344.12 1,160,766.00 96.73 BNPPSA 1,200,000.00 91282CEN7US TREASURY N/B DTD 05/02/2022 2.750% 04/30/2027

4.13 2.37
(5,260.04)(790.85) 361,538.25 96.41 MorganSt 375,000.00 91282CFB2US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027

4.13 2.59
2,299.91 12,375.18 385,640.80 96.41 BMO 400,000.00 91282CFB2US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027

4.13 2.59
1,645.10 12,820.57 578,461.20 96.41 Citigrou 600,000.00 91282CFB2US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027

4.13 2.59
(4,353.88) 8,604.85 795,384.15 96.41 HSBC 825,000.00 91282CFB2US TREASURY N/B DTD 08/01/2022 2.750% 07/31/2027

4.13 2.59
(5,585.33)(4,635.22) 1,165,866.73 99.22 Citigrou 1,175,000.00 91282CFZ9US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027

4.13 2.82
2,939.61 6,563.02 1,190,672.40 99.22 HSBC 1,200,000.00 91282CFZ9US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027

4.13 2.82
3,531.40 4,468.57 398,109.20 99.53 JPMorgan 400,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028

4.13 3.06
(4,889.43)(5,344.01) 597,163.80 99.53 Citigrou 600,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028

4.13 3.06
5,904.57 8,331.44 1,343,618.55 99.53 Citigrou 1,350,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028

4.13 3.06
47,140.95 55,028.22 2,438,418.85 99.53 HSBC 2,450,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028

4.13 3.06
2,247.87 4,253.95 202,895.55 90.18 BMO 225,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

4.11 3.50
(23,566.96)(19,622.81) 1,149,741.45 90.18 MorganSt 1,275,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

4.11 3.50
(8,870.43)(1,675.54) 1,172,285.40 90.18 BMO 1,300,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

4.11 3.50
(50,463.91)(47,249.55) 2,164,219.20 90.18 BMO 2,400,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

4.11 3.50

Page 16 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
20,133.02 49,844.29 2,615,098.20 90.18 BMO 2,900,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

4.11 3.50
(1,359.75)(1,359.75) 1,180,734.00 98.39 Citigrou 1,200,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750%
12/31/2028

4.14 3.76
159,281.38 4.13 (67,350.72) 22,567,520.66 23,700,000.00 Security Type Sub-Total 2.95 Municipal Bond / Note
(4,595.82)(4,595.82) 320,404.18 98.59 WellsFar 325,000.00 650036DT0NY ST URBAN DEV-F-1 DTD 12/23/2020 0.870% 03/15/2025

4.78 0.36
(1,612.87)(1,612.87) 83,387.13 98.10 04/15/25JPMorgan 85,000.00 91412HGE7UNIV OF CALIFORNIA-BG (CALLABLE) DTD 07/16/2020 0.883% 05/15/2025

4.51 0.53
(1,638.70)(2,034.31) 63,425.24 97.58 BOFAML 65,000.00 341271AD6FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025

5.02 0.65
(2,137.71)(2,622.85) 82,940.70 97.58 BOFAML 85,000.00 341271AD6FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025

5.02 0.65
(3,876.32)(3,876.32) 156,123.68 97.58 BOFAML 160,000.00 341271AD6FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025

5.02 0.65
(2,748.20)(2,748.20) 97,251.80 97.25 XCHANGE 100,000.00 60412AK85MINNESOTA ST-F-UNREF DTD 08/25/2020 0.630% 08/01/2025

4.41 0.74
(3,662.49)(3,662.49) 126,337.51 97.18 KEYB 130,000.00 798306WP7SAN JUAN CA UNIF SCH DTD 10/29/2020 0.852% 08/01/2025

4.73 0.74
(2,939.13)(2,939.13) 82,060.87 96.54 JPMorgan 85,000.00 13077DQD7CALIFORNIA ST UNIV-B DTD 07/29/2021 0.862% 11/01/2025

4.45 0.98
1,941.80 1,941.80 201,941.80 100.97 WellsFar 200,000.00 13063D3N6CA ST DTD 03/15/2023 4.846% 03/01/2027

4.40 2.17
(22,150.19) 4.70 (21,269.44) 1,213,872.91 1,235,000.00 Security Type Sub-Total 0.85 Federal Agency Commercial Mortgage-Backed Security
(1,177.77)(10,689.92) 197,438.14 99.56 Citigrou 198,305.73 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024

5.10 0.15

Page 17 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
(735.62) 5,600.45 269,213.73 97.90 RobertBa 275,000.00 3137BNGT5FHMS K054 A2 DTD 04/01/2016 2.745% 01/01/2026

4.55 1.07
(5,270.84) 5,402.31 532,242.15 96.77 BREAN 550,000.00 3137BSP72FHMS K058 A2 DTD 11/01/2016 2.653% 08/01/2026

4.46 1.70
(2,152.05) 2,542.81 363,107.42 97.61 Citigrou 372,015.71 3137BTUM1FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026

4.52 1.85
5,276.34 15,690.81 534,495.50 97.18 MorganSt 550,000.00 3137BXQY1FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027

4.48 2.11
(1,679.92) 6,536.65 533,569.85 97.01 Citigrou 550,000.00 3137F1G44FHMS K065 A2 DTD 07/01/2017 3.243% 04/01/2027

4.50 2.26
2,079.14 2,081.00 395,683.36 100.53 JPMorgan 393,605.51 3137HBC69FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028

4.59 2.88
673.58 676.37 436,773.91 100.15 JPMorgan 436,108.41 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028

4.61 2.42
(641.26)(2,068.00) 553,425.40 100.62 JPMorgan 550,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028

4.55 3.20
(1,566.85) 668.04 517,311.58 98.43 JPMorgan 525,553.31 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.181% 07/01/2028

4.58 3.34
11,365.42 13,467.50 502,499.50 100.50 BMO 500,000.00 3137HAQ74FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028

4.52 3.37
10,140.39 12,585.60 800,751.20 100.09 WellsFar 800,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028

4.55 3.34
12,632.43 14,659.50 377,703.38 100.72 MorganSt 375,000.00 3137HAST4FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028

4.57 3.44
7,569.12 8,674.50 502,698.00 100.54 BOFAML 500,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028

4.57 3.40
3,112.87 3,202.56 182,682.18 101.49 JPMorgan 180,000.00 3137HB3D4FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028

4.57 3.46
2,879.62 3,010.97 277,220.90 100.81 BOFAML 275,000.00 3137HB3G7FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028

4.56 3.50
(2,989.07)(3,382.85) 289,516.86 99.83 JPMorgan 290,000.00 3137HBLV4FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028

4.55 3.59
(933.78)(1,026.08) 441,675.96 100.38 PIER 440,000.00 3137HDV56FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029

4.56 4.00

Page 18 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
3,381.95 3,383.60 553,381.95 100.61 MorganSt 550,000.00 3137HDJJ0FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029

4.58 3.90
(6,321.89)(6,498.85) 493,131.38 99.62 BMO 495,000.00 3137HDXL9FHMS K526 A2 DTD 08/01/2024 4.543% 07/01/2029

4.55 4.15
74,516.97 4.56 35,641.81 8,754,522.35 8,805,588.67 Security Type Sub-Total 2.96 Federal Agency Bond / Note
(11,613.49)(9,803.05) 413,080.45 97.20 WellsFar 425,000.00 3137EAEU9FREDDIE MAC DTD 07/23/2020 0.375% 07/21/2025

4.45 0.71
(10,868.81)(9,498.65) 338,863.35 96.82 Barclays 350,000.00 3135G05X7FANNIE MAE DTD 08/27/2020 0.375% 08/25/2025

4.42 0.80
(4,806.30)(4,432.35) 145,117.65 96.75 WellsFar 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK DTD 09/11/2020 0.375% 09/04/2025

4.39 0.83
(23,799.96)(22,070.30) 675,822.70 96.55 Citigrou 700,000.00 3137EAEX3FREDDIE MAC DTD 09/25/2020 0.375% 09/23/2025

4.03 0.88
(23,835.53)(21,983.00) 625,690.00 96.26 Barclays 650,000.00 3135G06G3FANNIE MAE DTD 11/12/2020 0.500% 11/07/2025

4.34 0.99
(67,787.35) 4.28 (74,924.09) 2,198,574.15 2,275,000.00 Security Type Sub-Total 0.86 Corporate Note
(1,883.73)(9,290.05) 173,604.20 99.20 BOFAML 175,000.00 69371RQ66PACCAR FINANCIAL CORP DTD 02/06/2020 1.800% 02/06/2025

4.89 0.26
(697.52)(625.92) 79,293.28 99.12 02/01/25Barclays 80,000.00 025816CQ0AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.250% 03/04/2025

4.84 0.33
(3,754.37)(3,754.37) 406,245.63 99.08 02/10/25Deutsche 410,000.00 771196BT8ROCHE HOLDINGS INC (CALLABLE) DTD 03/10/2022 2.132% 03/10/2025

4.79 0.35
(204.61)(167.40) 24,788.85 99.16 03/15/25MorganSt 25,000.00 437076CM2HOME DEPOT INC (CALLABLE) DTD 03/28/2022 2.700% 04/15/2025

4.65 0.45
(463.27)(451.36) 64,534.34 99.28 04/01/25KEYB 65,000.00 17252MAP5CINTAS CORPORATION NO. 2 (CALLABLE) DTD 05/03/2022 3.450% 05/01/2025

4.91 0.48
(1,130.42)(520.20) 223,744.05 99.44 BOFAML 225,000.00 90327QD89USAA CAPITAL CORP DTD 05/26/2022 3.375% 05/01/2025

4.54 0.49

Page 19 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
(3,569.42)(28,513.35) 223,734.15 99.44 03/15/25JPMorgan 225,000.00 369550BG2GENERAL DYNAMICS CORP (CALLABLE) DTD 05/11/2018 3.500% 05/15/2025

4.69 0.50
(10,271.98)(10,066.67) 464,700.58 97.83 05/03/25GoldmanS 475,000.00 023135BQ8AMAZON.COM INC (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025

4.59 0.58
(1,712.00)(1,712.00) 248,288.00 99.32 Citigrou 250,000.00 63254ABD9NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.500% 06/09/2025

4.65 0.59
(388.80)(378.00) 49,608.50 99.22 RBC Capi 50,000.00 63743HFE7NATIONAL RURAL UTIL COOP DTD 05/04/2022 3.450% 06/15/2025

4.72 0.60
(1,218.37)(1,218.37) 223,781.63 99.46 JPMorgan 225,000.00 459200KS9IBM CORP DTD 07/27/2022 4.000% 07/27/2025

4.63 0.71
(5,921.77)(33,001.42) 223,917.08 99.52 BOFAML 225,000.00 06051GFS3BANK OF AMERICA CORP DTD 07/30/2015 3.875% 08/01/2025

4.52 0.73
(5,397.30)(33,907.27) 223,938.23 99.53 06/15/25US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES (CALLABLE) DTD 03/22/2017 3.875% 09/15/2025

4.36 0.76
(841.72)(841.72) 224,158.28 99.63 12/06/24BOFAML 225,000.00 06051GKE8BANK OF AMERICA CORP (CALLABLE) DTD 12/06/2021 1.530% 12/06/2025

5.52 0.11
(1,377.77)(1,377.77) 173,622.23 99.21 02/24/25JPMorgan 175,000.00 46647PCV6JPMORGAN CHASE & CO (CALLABLE) DTD 02/24/2022 2.595% 02/24/2026

5.63 0.31
(10,929.21)(10,658.47) 213,950.03 95.09 04/15/26Citigrou 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) DTD 05/19/2021 1.150% 05/15/2026

4.49 1.49
(9,951.71)(9,917.95) 165,029.55 94.30 07/12/26SUMITR 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE) DTD 08/12/2021 1.250% 08/12/2026

4.60 1.72
(12,100.24)(11,462.17) 212,401.58 94.40 JPMorgan 225,000.00 14913R2U0CATERPILLAR FINL SERVICE DTD 01/10/2022 1.700% 01/08/2027

4.41 2.10
(1,972.69)(1,934.84) 37,997.16 94.99 12/15/26Citigrou 40,000.00 87612EBM7TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

4.34 2.10
(23,376.20)(22,793.82) 451,151.68 94.98 12/24/26Deutsche 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) DTD 01/26/2022 2.050% 01/26/2027

4.41 2.13
1,111.15 12,823.50 734,766.00 97.97 11/06/26GoldmanS 750,000.00 594918BY9MICROSOFT CORP (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027

4.22 2.07
(648.98) 9,215.40 286,418.40 95.47 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.550% 03/04/2027

4.60 2.21
(16,099.89)(11,421.37) 454,667.63 95.72 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY FIN (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027

4.19 2.25

Page 20 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
(161.75) 6,045.60 290,970.60 96.99 01/01/27Barclays 300,000.00 808513BW4CHARLES SCHWAB CORP (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027

4.63 2.22
272.72 5,021.00 493,346.00 98.67 CAS 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.905% 06/09/2027

4.43 2.41
(8,064.17) 4,908.85 745,971.60 96.25 06/12/27TD Secur 775,000.00 037833DB3APPLE INC (CALLABLE) DTD 09/12/2017 2.900% 09/12/2027

4.26 2.64
245.45 (204.00) 376,078.50 100.29 WellsFar 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP DTD 01/12/2023 4.625% 01/12/2028

4.49 2.90
984.78 8,085.00 337,274.00 96.36 11/07/27MorganSt 350,000.00 637432NP6NATIONAL RURAL UTIL COOP (CALLABLE) DTD 02/07/2018 3.400% 02/07/2028

4.57 2.97
(883.63)(1,520.90) 85,522.50 100.61 01/15/28JPMorgan 85,000.00 882508BV5TEXAS INSTRUMENTS INC (CALLABLE) DTD 11/18/2022 4.600% 02/15/2028

4.34 2.96
4,293.06 9,831.00 368,094.75 98.16 11/20/27MAXE 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO (CALLABLE) DTD 07/15/2020 3.900% 02/20/2028

4.48 2.96

7.57 38.70 59,930.70 99.88 04/15/28Barclays 60,000.00 539830BZ1LOCKHEED MARTIN CORP (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028

4.44 3.14
2,992.64 2,262.38 380,127.38 101.37 Citigrou 375,000.00 24422EXB0JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028

4.51 3.30
32,154.78 32,869.50 779,149.50 103.89 08/29/28Barclays 750,000.00 17325FBB3CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028

4.68 3.42
1,216.75 1,276.70 340,824.50 100.24 01/08/29Barclays 340,000.00 009158BH8AIR PRODUCTS & CHEMICALS (CALLABLE) DTD 02/08/2024 4.600% 02/08/2029

4.50 3.77
5,335.85 5,355.00 425,208.00 101.24 01/26/29Citigrou 420,000.00 17275RBR2CISCO SYSTEMS INC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029

4.49 3.80
416.89 427.35 50,336.85 100.67 02/14/29Citigrou 50,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

4.49 3.85
4,566.93 4,529.08 729,884.33 100.67 02/14/29BOFAML 725,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

4.49 3.85
2,358.29 2,381.70 172,157.30 101.27 03/04/29SEEL 170,000.00 00724PAF6ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

4.45 3.90
2,875.30 2,906.90 207,601.45 101.27 03/04/29BOFAML 205,000.00 00724PAF6ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

4.45 3.90
1,650.25 1,700.75 125,894.50 100.72 05/25/29MorganSt 125,000.00 437076DC3HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029

4.54 4.03

Page 21 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
3,074.97 3,161.50 251,789.00 100.72 05/25/29PNCBank 250,000.00 437076DC3HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029

4.54 4.03
(6,198.21)(6,184.40) 393,335.60 98.33 Deutsche 400,000.00 02665WFQ9AMERICAN HONDA FINANCE DTD 09/05/2024 4.400% 09/05/2029

4.75 4.28
(89,083.88) 4.54 (65,662.35) 12,197,838.12 12,350,000.00 Security Type Sub-Total 2.35 Certificate of Deposit
6,042.60 6,042.60 456,042.60 101.34 TD Secur 450,000.00 89115B6K1TORONTO DOMINION BANK NY DTD 10/31/2022 5.600% 10/27/2025

4.19 0.97
5,579.10 5,579.10 455,579.10 101.24 WellsFar 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK DTD 11/03/2022 5.530% 11/03/2025

4.25 0.95
11,621.70 4.22 11,621.70 911,621.70 900,000.00 Security Type Sub-Total 0.96 Bank Note
2,447.72 2,401.88 527,926.88 100.56 07/14/27Citigrou 525,000.00 61690U8E3MORGAN STANLEY BANK NA (CALLABLE) DTD 07/19/2024 4.968% 07/14/2028

4.97 2.48
2,401.88 4.97 2,447.72 527,926.88 525,000.00 Security Type Sub-Total 2.48 Asset-Backed Security
(23.71)(23.56) 11,484.71 99.79 SUMITR 11,508.46 65480BAC1NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025

5.86 0.04
(18.11)(17.36) 9,155.74 99.80 Citigrou 9,174.08 89190GAC1TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025

5.15 0.04
(259.64)(256.18) 23,001.89 98.88 BOFAML 23,262.97 43815GAC3HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026

5.54 0.28
(6.48)(5.92) 3,538.13 99.81 BOFAML 3,544.82 14314QAC8CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026

4.96 0.04
(115.72)(113.47) 15,204.00 99.24 SMBC 15,320.89 44935FAD6HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026

4.77 0.19
(321.44)(321.05) 23,933.88 98.67 JPMorgan 24,255.55 362554AC1GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026

4.79 0.32

Page 22 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
(780.93)(779.24) 148,143.77 99.47 RBC Capi 148,926.53 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.80 0.64
(231.77)(220.54) 120,004.13 99.80 WellsFar 120,249.56 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.75 0.70

57.36 73.99 239,568.29 100.01 RBC Capi 239,533.55 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

4.82 0.65
(1.89)(1.84) 244,998.04 100.00 BOFAML 245,000.00 891940AC2TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027

4.65 0.88
822.63 838.12 245,799.68 100.33 RBC Capi 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027

4.63 0.91
294.84 300.85 170,283.73 100.17 JPMorgan 170,000.00 41285JAD0HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027

4.87 0.83

81.30 85.71 130,072.15 100.06 BNPPSA 130,000.00 344928AD8FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028

4.65 0.92
3,121.10 3,138.62 323,072.64 100.96 BOFAML 320,000.00 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028

4.65 1.19
(1,206.82)(1,200.96) 318,780.48 99.62 RBC Capi 320,000.00 254683CY9DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028

4.60 1.30
633.09 643.86 170,605.37 100.36 BOFAML 170,000.00 05522RDG0BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028

4.59 1.45
954.71 959.44 190,942.59 100.50 RBC Capi 190,000.00 02582JJZ4AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028

4.55 1.45
(769.24)(736.81) 489,150.83 99.83 RBC Capi 490,000.00 14041NGD7COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028

4.59 1.46
1,884.60 1,897.38 351,850.10 100.53 BOFAML 350,000.00 254683CZ6DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028

4.61 1.53
1,471.44 1,474.42 86,459.45 101.72 JPMorgan 85,000.00 438123AC5HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028

4.61 1.47
3,883.67 3,888.85 353,867.15 101.10 JPMorgan 350,000.00 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028

4.68 1.27
4,900.37 4,923.27 409,811.00 101.19 JPMorgan 405,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028

4.56 1.75
5,374.54 5,189.25 415,170.92 101.26 Citigrou 410,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028

4.54 1.75

Page 23 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
1,718.92 1,723.37 181,699.20 100.94 BOFAML 180,000.00 05522RDH8BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028

4.54 1.90
8,321.94 8,321.94 503,220.47 101.66 Barclays 495,000.00 02582JKH2AMXCA 2024-1 A DTD 04/23/2024 5.230% 04/16/2029

4.53 2.25
29,782.14 4.63 29,784.76 5,179,818.34 5,150,776.42 Security Type Sub-Total 1.37 54,941,365.09 53,551,695.11 98,582.65 (149,710.61) 4.37 Managed Account Sub-Total 2.49 Joint Powers Authority

0.00 0.00 214,679.18 1.00 214,679.18 CAMP Pool 0.00 214,679.18 214,679.18 0.00 0.00 Liquid Sub-Total 0.00 Total Investments $54,101,563.35
$335,189.06
$53,766,374.29
Accrued Interest
Securities Sub-Total $55,156,044.27 $98,582.65 ($149,710.61) 4.37% 2.49 Bolded items are forward settling trades.

Page 24 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
10/07/24 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 (2,211,468.75) (8,070.65) (2,219,539.40) 2,400,000.00 10/01/24 11/05/24 US TREASURY N/B
DTD 01/02/2024 3.750%
12/31/2028
91282CJR3 (1,182,093.75) (15,652.17) (1,197,745.92) 1,200,000.00 10/31/24 (23,722.82) (3,417,285.32)(3,393,562.50) 3,600,000.00 Transaction Type Sub-Total

INTEREST
10/01/24 CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 0.00 4,950.00 4,950.00 10/01/24
10/25/24 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 0.00 1,730.67 1,730.67 10/01/24
10/25/24 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 1,104.90 1,104.90 10/01/24
10/25/24 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 2,201.38 2,201.38 10/01/24
10/25/24 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 0.00 1,873.99 1,873.99 10/01/24
10/25/24 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 2,208.71 2,208.71 10/01/24
10/25/24 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 1,486.38 1,486.38 10/01/24
10/25/24 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 0.00 1,597.53 1,597.53 10/01/24
10/25/24 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,477.67 1,477.67 10/01/24
10/25/24 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 760.35 760.35 10/01/24
10/25/24 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,039.76 1,039.76 10/01/24
10/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,737.43 1,737.43 10/01/24
10/25/24 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 2,000.00 2,000.00 10/01/24

Page 25 ends

U.S. Bancorp Asset Management, Inc.

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

INTEREST
10/25/24 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 0.00 569.12 569.12 10/01/24
10/25/24 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,515.63 1,515.63 10/01/24
10/25/24 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 1,113.75 1,113.75 10/01/24
10/25/24 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,975.00 1,975.00 10/01/24
10/25/24 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 0.00 1,831.21 1,831.21 10/01/24
10/25/24 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 10/01/24
10/25/24 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 0.00 629.06 629.06 10/01/24
10/25/24 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 3,100.00 3,100.00 10/01/24
10/04/24 ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 0.00 9,000.00 9,000.00 10/04/24
10/15/24 HOME DEPOT INC (CALLABLE)
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 0.00 337.50 337.50 10/15/24
10/15/24 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,741.50 1,741.50 10/15/24
10/15/24 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 1,149.33 1,149.33 10/15/24
10/15/24 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,612.92 1,612.92 10/15/24
10/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 526.61 526.61 10/15/24
10/15/24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 747.00 747.00 10/15/24
10/15/24 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 0.00 6.05 6.05 10/15/24
10/15/24 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 0.00 1,804.83 1,804.83 10/15/24

Page 26 ends

U.S. Bancorp Asset Management, Inc.

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

INTEREST
10/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 0.00 3.04 3.04 10/15/24
10/15/24 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,786.92 1,786.92 10/15/24
10/15/24 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 945.29 945.29 10/15/24
10/15/24 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 715.42 715.42 10/15/24
10/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 476.33 476.33 10/15/24
10/15/24 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,010.63 1,010.63 10/15/24
10/15/24 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 0.00 4.22 4.22 10/15/24
10/15/24 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 503.75 503.75 10/15/24
10/15/24 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 0.00 678.58 678.58 10/15/24
10/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 0.00 11.60 11.60 10/15/24
10/15/24 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 2,157.37 2,157.37 10/15/24
10/15/24 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 0.00 1,437.92 1,437.92 10/15/24
10/15/24 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 0.00 771.08 771.08 10/15/24
10/16/24 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 1,031.47 1,031.47 10/16/24
10/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 0.00 15.70 15.70 10/16/24
10/18/24 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 1,442.67 1,442.67 10/18/24
10/21/24 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 0.00 19.91 19.91 10/21/24

Page 27 ends

U.S. Bancorp Asset Management, Inc.

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

INTEREST
10/21/24 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 401.63 401.63 10/21/24
10/25/24 TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 0.00 25,620.00 25,620.00 10/25/24
10/31/24 US TREASURY N/B
DTD 05/02/2022 2.750% 04/30/2027
91282CEN7 0.00 16,500.00 16,500.00 10/31/24
108,577.77 108,577.77 0.00 Transaction Type Sub-Total

PAYDOWNS
10/25/24 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 3.32 0.00 3.32 0.08 0.06 3.30 10/01/24
10/25/24 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 24,731.14 0.00 24,731.14 (1,224.96) (60.17) 24,731.14 10/01/24 10/25/24 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 1,008.33 0.00 1,008.33 0.01 0.01 1,008.33 10/01/24 10/25/24 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 771.02 0.00 771.02 23.73 14.57 771.02 10/01/24 10/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 340.18 0.00 340.18 0.01 0.01 340.18 10/01/24 10/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 3,492.34 0.00 3,492.34 0.78 0.28 3,492.34 10/15/24 10/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 3,464.82 0.00 3,464.82 0.74 0.20 3,464.83 10/15/24 10/15/24 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 10,310.56 0.00 10,310.56 1.11 0.28 10,310.56 10/15/24 10/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 7,910.56 0.00 7,910.56 1.63 0.91 7,910.56 10/15/24 10/15/24 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 10,475.04 0.00 10,475.04 0.17 0.04 10,475.04 10/15/24 10/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 10,251.11 0.00 10,251.11 0.24 0.13 10,251.11 10/15/24 10/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 3,458.65 0.00 3,458.65 0.09 0.04 3,458.65 10/16/24

Page 28 ends

U.S. Bancorp Asset Management, Inc.

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

PAYDOWNS
10/16/24 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 17,265.03 0.00 17,265.03 2.83 1.66 17,265.03 10/16/24 10/21/24 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 3,893.83 0.00 3,893.83 0.82 0.24 3,893.83 10/21/24

0.00 (41.74)(1,192.72) 97,375.93 97,375.93 97,375.92 Transaction Type Sub-Total SELL
10/07/24 US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
912828U24 1,742,765.63 14,184.78 1,756,950.41 52,171.88 2,946.89 FIFO 1,800,000.00 10/01/24 11/05/24 US TREASURY N/B
DTD 11/15/2016 2.000%
11/15/2026
912828U24 983,039.06 9,692.93 992,731.99 20,339.84 (8,983.42) FIFO 1,025,000.00 10/31/24 23,877.71 (6,036.53) 72,511.72 2,749,682.40 2,725,804.69 2,825,000.00 Transaction Type Sub-Total (570,381.88) 108,732.66 (461,649.22) 71,319.00 (6,078.27)Managed Account Sub-Total Total Security Transactions $71,319.00 ($461,649.22)$108,732.66 ($570,381.88) ($6,078.27) Bolded items are forward settling trades.

Page 29 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
470,550.48 Opening Balance
10/01/24 10/01/24 Purchase - Interest 808513BW4 1.00 4,950.00 475,500.48 10/04/24 10/04/24 Purchase - Interest 00724PAF6 1.00 9,000.00 484,500.48 10/07/24 10/07/24 Purchase - Principal 912828U24 1.00 1,742,765.63 2,227,266.11 10/07/24 10/07/24 Purchase - Interest 912828U24 1.00 14,184.78 2,241,450.89 10/07/24 10/07/24 Redemption - Principal 91282CCH2 1.00 (2,211,468.75) 29,982.14 10/07/24 10/07/24 Redemption - Interest 91282CCH2 1.00 (8,070.65) 21,911.49 10/15/24 10/15/24 Purchase - Interest 437076CM2 1.00 337.50 22,248.99 10/15/24 10/15/24 Purchase - Interest 02582JJZ4 1.00 771.08 23,020.07 10/15/24 10/15/24 Purchase - Interest 02582JKD1 1.00 1,786.92 24,806.99 10/15/24 10/15/24 Purchase - Interest 02582JKH2 1.00 2,157.37 26,964.36 10/15/24 10/15/24 Purchase - Interest 05522RDG0 1.00 678.58 27,642.94 10/15/24 10/15/24 Purchase - Interest 05522RDH8 1.00 747.00 28,389.94 10/15/24 10/15/24 Purchase - Interest 14041NGB1 1.00 1,010.63 29,400.57 10/15/24 10/15/24 Purchase - Interest 14041NGD7 1.00 1,804.83 31,205.40 10/15/24 10/15/24 Purchase - Interest 14314QAC8 1.00 3.04 31,208.44 10/15/24 10/15/24 Purchase - Interest 14318MAD1 1.00 526.61 31,735.05 10/15/24 10/15/24 Purchase - Interest 161571HT4 1.00 1,741.50 33,476.55 10/15/24 10/15/24 Purchase - Interest 254683CY9 1.00 1,149.33 34,625.88 10/15/24 10/15/24 Purchase - Interest 254683CZ6 1.00 1,437.92 36,063.80 10/15/24 10/15/24 Purchase - Interest 31680EAD3 1.00 1,612.92 37,676.72 10/15/24 10/15/24 Purchase - Interest 344928AD8 1.00 503.75 38,180.47

Page 30 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
10/15/24 10/15/24 Purchase - Interest 41285JAD0 1.00 715.42 38,895.89 10/15/24 10/15/24 Purchase - Interest 44935FAD6 1.00 11.60 38,907.49 10/15/24 10/15/24 Purchase - Interest 65480BAC1 1.00 6.05 38,913.54 10/15/24 10/15/24 Purchase - Interest 65480JAC4 1.00 476.33 39,389.87 10/15/24 10/15/24 Purchase - Interest 89190GAC1 1.00 4.22 39,394.09 10/15/24 10/15/24 Purchase - Interest 891940AC2 1.00 945.29 40,339.38 10/15/24 10/15/24 Purchase - Principal 44935FAD6 1.00 3,492.34 43,831.72 10/15/24 10/15/24 Purchase - Principal 14314QAC8 1.00 3,464.83 47,296.55 10/15/24 10/15/24 Purchase - Principal 14318MAD1 1.00 10,251.11 57,547.66 10/15/24 10/15/24 Purchase - Principal 65480BAC1 1.00 10,475.04 68,022.70 10/15/24 10/15/24 Purchase - Principal 89190GAC1 1.00 10,310.56 78,333.26 10/15/24 10/15/24 Purchase - Principal 65480JAC4 1.00 7,910.56 86,243.82 10/16/24 10/16/24 Purchase - Interest 36265QAD8 1.00 1,031.47 87,275.29 10/16/24 10/16/24 Purchase - Interest 362554AC1 1.00 15.70 87,290.99 10/16/24 10/16/24 Purchase - Principal 362554AC1 1.00 3,458.65 90,749.64 10/16/24 10/16/24 Purchase - Principal 36265QAD8 1.00 17,265.03 108,014.67 10/18/24 10/18/24 Purchase - Interest 43815QAC1 1.00 1,442.67 109,457.34 10/21/24 10/21/24 Purchase - Interest 438123AC5 1.00 401.63 109,858.97 10/21/24 10/21/24 Purchase - Interest 43815GAC3 1.00 19.91 109,878.88 10/21/24 10/21/24 Purchase - Principal 43815GAC3 1.00 3,893.83 113,772.71 10/25/24 10/25/24 Purchase - Interest 89115B6K1 1.00 25,620.00 139,392.71 10/25/24 10/25/24 Purchase - Interest 3136BQDE6 1.00 1,831.21 141,223.92

Page 31 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 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
10/25/24 10/25/24 Purchase - Interest 3137BGK24 1.00 569.12 141,793.04 10/25/24 10/25/24 Purchase - Interest 3137BNGT5 1.00 629.06 142,422.10 10/25/24 10/25/24 Purchase - Interest 3137BSP72 1.00 1,215.96 143,638.06 10/25/24 10/25/24 Purchase - Interest 3137BTUM1 1.00 1,039.76 144,677.82 10/25/24 10/25/24 Purchase - Interest 3137BXQY1 1.00 1,477.67 146,155.49 10/25/24 10/25/24 Purchase - Interest 3137F1G44 1.00 1,486.38 147,641.87 10/25/24 10/25/24 Purchase - Interest 3137HACX2 1.00 2,208.71 149,850.58 10/25/24 10/25/24 Purchase - Interest 3137HAD45 1.00 1,737.43 151,588.01 10/25/24 10/25/24 Purchase - Interest 3137HAMH6 1.00 3,100.00 154,688.01 10/25/24 10/25/24 Purchase - Interest 3137HAMS2 1.00 2,000.00 156,688.01 10/25/24 10/25/24 Purchase - Interest 3137HAQ74 1.00 1,975.00 158,663.01 10/25/24 10/25/24 Purchase - Interest 3137HAST4 1.00 1,515.63 160,178.64 10/25/24 10/25/24 Purchase - Interest 3137HB3D4 1.00 760.35 160,938.99 10/25/24 10/25/24 Purchase - Interest 3137HB3G7 1.00 1,113.75 162,052.74 10/25/24 10/25/24 Purchase - Interest 3137HBC69 1.00 1,597.53 163,650.27 10/25/24 10/25/24 Purchase - Interest 3137HBLV4 1.00 1,104.90 164,755.17 10/25/24 10/25/24 Purchase - Interest 3137HDJJ0 1.00 2,201.38 166,956.55 10/25/24 10/25/24 Purchase - Interest 3137HDV56 1.00 1,730.67 168,687.22 10/25/24 10/25/24 Purchase - Interest 3137HDXL9 1.00 1,873.99 170,561.21 10/25/24 10/25/24 Purchase - Principal 3137BGK24 1.00 24,731.14 195,292.35 10/25/24 10/25/24 Purchase - Principal 3137HAD45 1.00 340.18 195,632.53 10/25/24 10/25/24 Purchase - Principal 3137HBC69 1.00 1,008.33 196,640.86

Page 32 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2024Account Statement

0.00 (18,796,903.86)
18,894,810.08
116,772.96
763.98
214,679.18

0.00 (2,219,539.40)
1,963,668.10
470,550.48
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
October January-October

5.03%

Page 33 ends

U.S. Bancorp Asset Management, Inc.

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
Investment Performance Review
For the Quarter Ended September 30, 2024
PFM Asset Management LLC
N
OT 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 September 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes
▸ The U.S. economy is characterized by:
▹ A labor market that reached better balance and supports consumer activity ▹ In
flation that has made meaningful progress towards the Federal Reserve’s (Fed) 2% target, although shelter costs remain a headwind
▹ Resilient economic growth and consumer spending that support the ‘soft landing’ scenario ▸ Fed begins the easing cycle
▹ The Fed cut the federal funds target rate by 50 basis points (bps) to 4.75% - 5.00% at its Se
ptember FOMC meeting
▹ Fed officials note they have gained greater confidence the risks to their dual mandate are “roughly” in balance
▹ The Fed’s September “dot plot” implies 50 bps of additional cuts in 2024 and 100 bps through 2025
▸ Treasury yields continued their descent
▹ Yields on maturities between 3 months and 10 years fell 62-112 bps during the 3 rd quarter
▹ The yield curve began to disinvert in the 3rd quarter as the spread between the 2-year and 10-year Treasury reached positive territory for the first time in over 2 years ▹ Despite intra-quarter spread widening, yield spreads across most credit sectors were range bound at tight levels, reflecting the strength of the economy Source: Bloomberg Finance L.P., as of September 30, 2024.

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
1 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Bureau of Labor Statistics and Bloomberg Finance L.P., as of August 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 September 30, 2024
Market Update
Aug-24

5.2%
Aug-24

2. 5%
0%
1%
2 %
3%
4%
5%
6%
7%
8%
9%
10%
Aug-21 Dec-21 Apr-22 Aug-22 Dec-22 Apr-23 Aug-23 Dec-23 Apr-24 Aug-24 Consumer Price Index (CPI)
Top-Line Contributions, Year-over-Year Changes
Shelter CPI Ex-Shelter Headline Shelter YoY% Headline CPI YoY% The shelter
component of CPI
continues to
remain outsized
accounting for
74% of the
increase in the
headline figure
Shelter Inflation increased

5.2% while CPI Ex-Shelter
increased 1.0% (YoY)
Fed Chair Powell: “[H]ousing inflation is the … one piece that is kind of dragging a bit … it’s been slower than we expected”
Inflation Trends Lower

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
2 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Bureau of Labor Statistics and Bloomberg Finance L.P., as of September 2024. Data is seasonally adjusted.

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

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Sept-24
254
0 50
100
150
200
250
300
350
400
450
500
Sep-22 Sep-23 Sep-24
Thousands
Monthly Change In
Nonfarm Payrolls
Nonfarm Payrolls 3-month Moving Average
Sept-24

4.1%
3%
4%
5%
Sep-22 Sep-23 Sep-24
Unemployment Rate
Labor Market Moves Into Better Balance
Fed Chair Powell: “…labor market conditions have cooled off by any measure … [but] the level of those conditions is actually pretty close to what I would call maximum employment”

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
3 Source: Bloomberg Finance L.P., as of September 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 September 30, 2024
Market Update
Sept-2024

6.7%
4%
6%
8 %
10%
12%
14%
16%
18%
Sep-94 Sep-97 Sep-00 Sep-03 Sep-06 Sep-09 Sep-12 Sep-15 Sep-18 Sep-21 Sep-24 Misery Index
CPI Inflation + Unemployment Rate
Nov-2010
9 .8% Unemployment
Oct-2019
Historically Low
Unemployment and
Inflation
Apr-2020

14.8% Unemployment
Jun-2022

9.1% Inflation
The “Misery Index” is a measure of economic distress and is calculated as the sum of CPI and the Unemployment Rate. The Fed’s long-run estimate of full employment at 4 - 5% and an inflation target of 2% would produce a Misery Index reading of 6 - 7%.
2000-2003
Driver: Unemployment creeps
higher and peaks at 6.3% in June
2003
Inflation and Labor Market Conditions Leave the Consumer Well-Positioned

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
4 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; (Left) Bureau of Economic Analysis and Bloomberg Finance L.P. as of September 2024. (Right) U.S. Census Bureau and Bloomberg Finance L.P., as of August 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 September 30, 2024
Market Update
Fed Chair Powell: “…if you look at the growth in economic activity data—the [September] retail sales data [and] second quarter GDP—all of this indicates an economy that is still growing at a solid pace.” $11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
2008 2010 2012 2014 2016 2018 2020 2022 2024
Billions
U.S. Real Personal Consumption Expenditure

4.4%

3.2%

1.6%

3.0%

2.0%

1.4%

1.8%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 2025
U.S. GDP Forecasts
Annualized Rate
Actual Range Median of Forecasts
Personal Consumption
is the main driver of
GDP and accounts for
69% of overall GDP
Pre-pandemic
t
rend
Consumer Activity Remains Solid

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
5 PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Average Cutting Cycle represents the average change in the Fed Funds Rate for the first 10 months of a cutting c
ycle back to 1988. Market Implied Fed Funds as of September 30, 2024. Bloomberg Finance L.P. CPI inflation and Nonfarm payrolls from Bureau of Labor Statistics and Bloomberg Finance L.P.

Fed Chair Powell: “[I]f we’d have gotten the July [jobs] report before the [July FOMC] meeting would we have cut, well we might have.”
0%
1%
2%
3%
4%
5%
6%
2021 2022 2023 2024 2025
Federal Funds Rate
Fed Funds Upper Bound Market Implied Fed Fund Rates Median FOMC Projections Average Cutting Cycle Dec-22
CPI Inflation

6.5% Dec-23
CPI Inflation

3.4%
Aug-24
CPI Inflation

2.5%
Dec-21
CPI Inflation

7.0%
The Fed Begins the Cutting Cycle With 50bps

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
6 U.S. Treasury Yields Fall as the Yield Curve Begins to Disinvert 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 Finance L.P., as of September 30, 2024 For the Quarter Ended September 30, 2024
Marke
t Update

4.64%

3.60%

3.53%

3.63%

3.76%

4.10%

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%

6.00% Yield
Maturity
U.S. Treasury Yield Curve
1 Year Range
September 30, 2024
June 30, 2024
3mo 2yr 5yr 7yr 10yr 20yr 30yr

CITY OF LAKE ELSINORE
For the Quarter Ended September 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 September 30, 2024. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted a
verage 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 September 30, 2024
Ma
rket Update
-0.1%

0.0%

0.1%

0.2%
Jun-24 Jul-24 Aug-24 Sep-24
Federal Agency Yield Spreads
Bullet Callable 1 Year Average

0.3%

0.5%

0.7%

0.9%
Jun-24 Jul-24 Aug-24 Sep-24
Corporate Notes A-AAA Yield Spreads
1-5 Yr. AAA-A Corp 1 Year Average

0.3%

0.5%

0.7%
Jun-24 Jul-24 Aug-24 Sep-24
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index 1 Year Average

0.5%

0.7%

0.9%
Jun-24 Jul-24 Aug-24 Sep-24
Asset-Backed Securities AAA Yield Spreads
AAA ABS 1 Year Average
3 bps
63 bps
53 bps 66 bps

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
8 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 September 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 months 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 (9/30/2024) 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 has begun its easing cycle with a 50 basis
p
oint (bp) cut. The FOMC’s September median “dot
plot” projection suggests an additional 50 bps in rate
cuts by the end of the year “if the economy performs
a
s expected”. The projections also calls for an
additional full percentage point of cuts in 2025.
• The global easing cycle is underway with nearly all
major central banks (excluding the Bank of Japan)
completing multiple rate cuts.

Economic Growth (Global):
• U.S. economic growth remains strong reflecting a
consumer who continues to spend at elevated
levels.
• Economic growth outside the U.S. remains mixed.
• China has moved forward with a package of
stimulus measures aimed to boost growth. The
country remains poised to take additional swift
action should it be deemed necessary.

Inflation (U.S.):
• Inflation continues its trend lower but has been
buoyed by stubborn housing costs.
• The broad-based inflation cooling helped fuel the
Fed’s decision to cut by 50 bps but policy makers
n
ote they are not declaring victory on price stability.

Financial Conditions (U.S.):
• The continuation of stable market measures, such
as narrow corporate yield spreads, record equity
i
ndex levels and low volatility, reflect economic
co
nfidence.
• We remain focused on the cooling labor market and
effects this might have on the consumer as potential
catalysts for a broader slow down, but that is not our
base case expectation.

Consumer Spending (U.S.):
• The consumer continues to spend and support
economic strength. Upward revisions to the
personal savings rate paint the consumer in better
light than previously thought but the trend of
consumers dipping into savings continues.
• Moderation in the pace of overall spending i
s
e
xpected given slowing wage growth and cooling
labor market conditions.

Labor Markets:
• The labor market continues to moderate from
extremely strong levels seen in prior quarters. The
recent downward revisions to nonfarm payroll
s
t
hrough March 2024 further emphasized the
cooling.
• Other labor metrics remain well positioned such as
t
he layoffs and discharge rate pointing towards
m
oderation rather than deterioration.

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
9 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 September 30, 2024
Market Update
Fixed-Income Sector Outlook – 4Q 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-N
ote

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

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

P O R A T E S
Financials
Ind
ustrials

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

M U N I C I P A L S

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

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

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

1. Portfolio Snapshot¹
Credit Quality - S&P
13% 12%
35% 36%
3%4%
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 | 41%
Corporate | 24%
Agency CMBS | 17%
ABS | 10%
Federal Agency | 4%
Municipal | 2%
Negotiable CD | 2%
Joint Powers Authority | 1%
Sector Allocation
AAA | 10%
AAAm | 1%
AA+ | 63%
AA | 4%
AA- | 5%
A-1+ | 1%
A+ | 5%
A | 5%
A- | 5%
BBB+ | 1%
Not Rated | 2%
Portfolio Statistics
Portfolio Effective Duration 2.48 years
Benchmark Effective Duration 2.53 years
Portfolio Credit Quality AA
Yield At Market 3.85%
Yield At Cost 3.98%
Total Market Value $54,426,229.11
Managed Account Sub-Total
Pool
$53,657,307.94
$298,370.69
$470,550.48
Accrued Interest
11 PFM Asset Management LLC
For the Quarter Ended June 30, 2022
MarketU pdate
For the Quarter Ended September 30, 2024
Sector Analytics
© PFM Asset Management LLC | pfmam.com
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided.

0.9%

9.7%

1.7%

23.8%

2.2%

16.5%

4.0%

41.1%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
CAMP I $470,550
Asset-Backed I $5,292,600
Negotiable CD I $949,086
Corporate I $12,949,916
Municipal I $1,217,867
Agency CMBS I $8,960,611
Agency I $2,199,641
U.S. Treasury I $22,385,957
Sector Limit for Analysis* Portfolio Allocation

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended September 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 September 30, 2024
Portfolio Activity
|
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. Treasury
ABS
Municipal
Corporate
Agency CMBS
U.S. Treasury
AB
S
Municipal
Corporate
Agency CMBS
($4.0) ($2.0) $0.0 $2.0 $4.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net Activity
Agency CMBS $894,132
Corporate $447,083
Municipal ($161,650)
ABS ($374,825)
U.S. Treasury ($728,051)
$76,689Total Net Activity
Sales/Maturities Purchases
14 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Portfolio Characteristics
|
Historical Sector Allocation
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 43%
4%
15%
3%2%
23%
11%
Jun-24
41%
4%
17%
2%2%
24%
10%
1%
Sep-24
15 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 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 Financial LP.4.

0.0%

2.0%

4.0%

6.0%

8.0%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned² $4 36,831 $1,574,076 $2,837,046 $4,024,032 $6,891,233 Change in Market Value $1,362,587 $2,414,116 ($115,586) $203,919 $838,439 $1,799,418Total Dollar Return $3,988,192 $2,721,460 $4,227,951 $7,729,672 Total Return³
Portfolio 3.42% 7.90% 1.06% 1.58% 1.78%
Benchmark⁴ 3.39% 7.44% 0.76% 1.28% 1.49%
3 Months 1 Year 3 Years 5 Years 10 Years
Difference 0.03% 0.46% 0.30% 0.30% 0.29%
16 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 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 - CAMP-LAKE ELSINORE CITY FUNDS
Accrual Basis Earnings
Interest Earned²
Re
alized Gains / (Losses)³
Change in Amortized Cost
Total Earnings
3 Months
$436,831
($
21,014)
$87,346
$503,164
1 Year
$1,574,076
($
448,383)
$379,468
$1,505,160
3 Years
$2,837,046
($
1,122,630)
$700,209
$2,414,625
5 Year
$4,024,032
($
284,677)
$615,956
$4,355,312
10 Year¹
$6,891,233
($
436,504)
$555,860
$7,010,589
17 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
© PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 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 41.5%
United States Treasury 41.5% AA / Aaa / AA
Federal Agency 4.1%
Federal Home Loan Banks 0.3% AA / Aaa / NR
Federal Home Loan Mortgage Corp 2.0% AA / Aaa / AA
Federal National Mortgage Association 1.8% AA / Aaa / AA Agency CMBS 16.6%
Federal Home Loan Mortgage Corp 15.6% AA / Aaa / AA
Federal National Mortgage Association 1.0% AA / Aaa / AA Municipal 2.3%
California State University 0.2% AA / Aa / NR
New York State Urban Development Corp 0.6% NR / NR / AA San Juan Unified School District 0.2% NR / Aa / NR
State Board of Administration Finance C 0.6% AA / Aa / AA State of California 0.4% AA / Aa / AA
State of Minnesota 0.2% AAA / Aaa / AAA
University of California Board of Regen 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 24.0%
Abbott Laboratories 0.4% AA / Aa / NR
Adobe Inc 0.7% A / A / NR
Air Products and Chemicals Inc 0.6% A / A / NR
Amazon.com Inc 0.9% AA / A / AA
American Express Co 0.7% BBB / A / A
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer Corporate 24.0%
Apple Inc 1.4% AA / Aaa / NR
Bank of America Corp 0.8% A / A / AA
Bank of New York Mellon Corp 0.8% A / Aa / AA
Bayerische Motoren Werke AG 0.3% A / A / NR
Berkshire Hathaway Inc 0.9% AA / Aa / A
BlackRock Inc 1.5% AA / Aa / NR
Bristol-Myers Squibb Co 0.7% A / A / NR
Caterpillar Inc 0.4% A / A / A
Charles Schwab Corp 0.6% A / A / A
Cintas Corp 0.1% A / A / NR
Cisco Systems Inc 0.8% AA / A / NR
Citigroup Inc 1.5% A / Aa / A
Deere & Co 0.7% A / A / A
General Dynamics Corp 0.4% A / A / NR
Home Depot Inc 0.8% A / A / A
Honda Motor Co Ltd 0.7% A / A / NR
International Business Machines Corp 0.4% A / A / A
JPMorgan Chase & Co 0.3% A / A / AA
Lockheed Martin Corp 0.1% A / A / A
Microsoft Corp 1.4% AAA / Aaa / NR
Morgan Stanley 1.0% A / Aa / AA
National Australia Bank Ltd 1.4% AA / Aa / NR
National Rural Utilities Cooperative Fi 0.7% A / A / A
PACCAR Inc 0.3% A / A / NR
Roche Holding AG 0.8% AA / Aa / AA
Target Corp 0.1% A / A / A
18 © PFM Asset Management LLC pfmam.com

Issuer Diversification
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer Corporate 24.0%
Texas Instruments Inc 0.2% A / Aa / NR
Toyota Motor Corp 0.7% A / A / A
United Services Automobile Association 0.4% AA / Aa / NR UnitedHealth Group Inc 0.4% A / A / A
ABS 9.8%
American Express Co 2.1% AAA / NR / AAA
BA Credit Card Trust 0.7% AAA / Aaa / AAA
Capital One Financial Corp 1.4% AAA / NR / AAA
CarMax Inc 0.3% AAA / NR / AAA
Discover Card Execution Note Trust 1.3% 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 Receiv 0.5% AAA / Aaa / AAA Harley-Davidson Inc 0.3% NR / Aaa / AAA
Honda Auto Receivables Owner Trust 0.8% AAA / Aaa / AAA Hyundai Auto Receivables Trust 0.0% AAA / NR / AAA
JPMorgan Chase & Co 0.8% AAA / NR / AAA
Nissan Auto Receivables Owner Trust 0.3% AAA / Aaa / NR Toyota Auto Receivables Owner Trust 0.5% AAA / NR / AAA 100.0%Total
19 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
© PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
D
ate
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Amount ($)Coupon
Yield
at Market
Realized
G/L (BV)Security Description
BUY
7/1/2024 7/3/2024 225,000.00 91282CCH2 US TREASURY N/B 1.25% 6/30/2028 198,664.53 4.49% 7/16/2024 7/25/2024 440,000.00 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 444,086.57 4.58% 7/18/2024 7/19/2024 525,000.00 61690U8E3 MORGAN STANLEY BANK NA (CALLABLE) 4.96% 7/14/2028 525,525.00 4.94% 8/1/2024 8/5/2024 1,300,000.00 91282CCH2 US TREASURY N/B 1.25% 6/30/2028 1,175,550.61 3.96% 8/7/2024 8/15/2024 495,000.00 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 500,504.76 4.33% 9/3/2024 9/5/2024 400,000.00 02665WFQ9 AMERICAN HONDA FINANCE 4.40% 9/5/2029 399,520.00 4.43% 9/4/2024 9/6/2024 1,275,000.00 91282CCH2 US TREASURY N/B 1.25% 6/30/2028 1,172,309.23 3.59% Total BUY 4,660,000.00 4,416,160.70 0.00

INTEREST
7/1/2024 7/25/2024 180,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 7/1/2024 7/25/2024 500,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 7/1/2024 7/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,920.42 7/1/2024 7/25/2024 275,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 7/1/2024 7/25/2024 374,996.09 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,045.93 7/1/2024 7/25/2024 550,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 7/1/2024 7/25/2024 800,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 7/1/2024 7/25/2024 550,000.00 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,201.38 20 © PFM Asset Management LLC pfmam.com

INTEREST
7/1/2024 7/25/2024 550,000.00 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 7/1/2024 7/25/2024 550,000.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 7/1/2024 7/25/2024 396,745.88 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,606.16 7/1/2024 7/25/2024 275,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 7/1/2024 7/25/2024 550,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 7/1/2024 7/25/2024 290,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 7/1/2024 7/25/2024 375,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 7/1/2024 7/25/2024 500,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 7/1/2024 7/25/2024 437,290.60 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,740.78 7/1/2024 7/25/2024 243,868.94 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 622.27 7/1/2024 7/1/2024 310,000.00 341271AD6 FLORIDA ST BRD OF ADM 1.25% 7/1/2025 1,949.90 7/8/2024 7/8/2024 225,000.00 14913R2U0 CATERPILLAR FINL SERVICE 1.70% 1/8/2027 1,912.50 7/12/2024 7/12/2024 375,000.00 89236TKQ7 TOYOTA MOTOR CREDIT CORP 4.62% 1/12/2028 8,671.88 7/14/2024 7/14/2024 375,000.00 24422EXB0 JOHN DEERE CAPITAL CORP 4.95% 7/14/2028 9,281.25 7/15/2024 7/15/2024 192,683.47 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 637.46 7/15/2024 7/15/2024 40,000.00 87612EBM7 TARGET CORP (CALLABLE) 1.95% 1/15/2027 390.00 7/15/2024 7/15/2024 405,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 21 © PFM Asset Management LLC pfmam.com

INTEREST
7/15/2024 7/15/2024 180,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 7/15/2024 7/15/2024 495,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 7/15/2024 7/15/2024 320,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 7/15/2024 7/15/2024 170,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 7/15/2024 7/15/2024 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 7/15/2024 7/15/2024 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 7/15/2024 7/15/2024 18,597.95 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 8.06 7/15/2024 7/15/2024 30,240.83 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 18.65 7/15/2024 7/15/2024 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 7/15/2024 7/15/2024 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 7/15/2024 7/15/2024 350,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,612.92 7/15/2024 7/15/2024 56,309.69 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 15.49 7/15/2024 7/15/2024 52,903.10 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 11.46 7/15/2024 7/15/2024 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 7/15/2024 7/15/2024 2,412.88 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 0.76 7/15/2024 7/15/2024 170,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 7/15/2024 7/15/2024 410,000.00 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 22 © PFM Asset Management LLC pfmam.com

INTEREST
7/15/2024 7/15/2024 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 7/15/2024 7/15/2024 140,000.00 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 520.33 7/15/2024 7/15/2024 245,000.00 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 7/16/2024 7/16/2024 275,000.00 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,104.58 7/16/2024 7/16/2024 38,017.70 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 21.54 7/18/2024 7/18/2024 320,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,442.67 7/21/2024 7/21/2024 39,957.53 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 29.30 7/21/2024 7/21/2024 85,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 401.63 7/21/2024 7/21/2024 425,000.00 3137EAEU9 FREDDIE MAC 0.37% 7/21/2025 796.88 7/26/2024 7/26/2024 475,000.00 06406RBA4 BANK OF NY MELLON CORP (CALLABLE) 2.05% 1/26/2027 4,868.75 7/27/2024 7/27/2024 225,000.00 459200KS9 IBM CORP 4.00% 7/27/2025 4,500.00 7/31/2024 7/31/2024 2,200,000.00 91282CFB2 US TREASURY N/B 2.75% 7/31/2027 30,250.00 8/1/2024 8/1/2024 100,000.00 60412AK85 MINNESOTA ST-F-UNREF 0.63% 8/1/2025 315.00 8/1/2024 8/1/2024 225,000.00 06051GFS3 BANK OF AMERICA CORP 3.87% 8/1/2025 4,359.38 8/1/2024 8/1/2024 130,000.00 798306WP7 SAN JUAN CA UNIF SCH 0.85% 8/1/2025 553.80 8/1/2024 8/25/2024 500,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 8/1/2024 8/25/2024 275,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 23 © PFM Asset Management LLC pfmam.com

INTEREST
8/1/2024 8/25/2024 550,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 8/1/2024 8/25/2024 800,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 8/1/2024 8/25/2024 180,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 8/1/2024 8/25/2024 290,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 8/1/2024 8/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,920.42 8/1/2024 8/25/2024 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 8/1/2024 8/25/2024 275,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 8/1/2024 8/25/2024 437,007.09 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,739.65 8/1/2024 8/25/2024 396,010.63 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,603.18 8/1/2024 8/25/2024 550,000.00 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 8/1/2024 8/25/2024 550,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 8/1/2024 8/25/2024 375,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 8/1/2024 8/25/2024 550,000.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 8/1/2024 8/25/2024 500,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 8/1/2024 8/25/2024 550,000.00 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,201.38 8/1/2024 8/25/2024 374,232.24 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,043.80 8/1/2024 8/25/2024 243,429.67 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 621.15 24 © PFM Asset Management LLC pfmam.com

INTEREST
8/6/2024 8/6/2024 750,000.00 594918BY9 MICROSOFT CORP (CALLABLE) 3.30% 2/6/2027 12,375.00 8/6/2024 8/6/2024 175,000.00 69371RQ66 PACCAR FINANCIAL CORP 1.80% 2/6/2025 1,575.00 8/7/2024 8/7/2024 350,000.00 637432NP6 NATIONAL RURAL UTIL COOP (CALLABLE) 3.40% 2/7/2028 5,950.00 8/8/2024 8/8/2024 340,000.00 009158BH8 AIR PRODUCTS & CHEMICALS (CALLABLE) 4.60% 2/8/2029 7,820.00 8/12/2024 8/12/2024 175,000.00 05565EBW4 BMW US CAPITAL LLC (CALLABLE) 1.25% 8/12/2026 1,093.75 8/15/2024 8/15/2024 41,837.50 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 9.06 8/15/2024 8/15/2024 26,433.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 16.30 8/15/2024 8/15/2024 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 8/15/2024 8/15/2024 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 8/15/2024 8/15/2024 14,680.52 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 6.36 8/15/2024 8/15/2024 85,000.00 882508BV5 TEXAS INSTRUMENTS INC (CALLABLE) 4.60% 2/15/2028 1,955.00 8/15/2024 8/15/2024 140,000.00 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 520.33 8/15/2024 8/15/2024 170,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 8/15/2024 8/15/2024 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 8/15/2024 8/15/2024 405,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 8/15/2024 8/15/2024 350,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,612.92 8/15/2024 8/15/2024 130,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 25 © PFM Asset Management LLC pfmam.com

INTEREST
8/15/2024 8/15/2024 45,158.46 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 12.42 8/15/2024 8/15/2024 320,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 8/15/2024 8/15/2024 245,000.00 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 8/15/2024 8/15/2024 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 8/15/2024 8/15/2024 495,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.38 8/15/2024 8/15/2024 170,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 8/15/2024 8/15/2024 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 8/15/2024 8/15/2024 181,875.52 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 601.70 8/15/2024 8/15/2024 410,000.00 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 8/15/2024 8/15/2024 180,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 8/16/2024 8/16/2024 275,000.00 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,104.58 8/16/2024 8/16/2024 34,572.96 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 19.59 8/18/2024 8/18/2024 320,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,442.67 8/20/2024 8/20/2024 375,000.00 110122DE5 BRISTOL-MYERS SQUIBB CO (CALLABLE) 3.90% 2/20/2028 7,312.50 8/21/2024 8/21/2024 85,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 401.63 8/21/2024 8/21/2024 35,727.02 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 26.20 8/24/2024 8/24/2024 175,000.00 46647PCV6 JPMORGAN CHASE & CO (CALLABLE) 2.59% 2/24/2026 2,270.63 26 © PFM Asset Management LLC pfmam.com

INTEREST
8/25/2024 8/25/2024 350,000.00 3135G05X7 FANNIE MAE 0.37% 8/25/2025 656.25 8/26/2024 8/26/2024 420,000.00 17275RBR2 CISCO SYSTEMS INC (CALLABLE) 4.85% 2/26/2029 10,185.00 8/31/2024 8/31/2024 91282CGP0 US TREASURY N/B 4.00% 2/29/2028 96,000.00 9/1/2024 9/1/2024 13063D3N6 CA ST 4.84% 3/1/2027 4,846.00 9/1/2024 9/25/2024 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 9/1/2024 9/25/2024 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 9/1/2024 9/25/2024 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 612.57 9/1/2024 9/25/2024 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,201.38 9/1/2024 9/25/2024 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 629.06 9/1/2024 9/25/2024 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 9/1/2024 9/25/2024 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,041.78 9/1/2024 9/25/2024 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 9/1/2024 9/25/2024 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 9/1/2024 9/25/2024 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,738.54 9/1/2024 9/25/2024 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 9/1/2024 9/25/2024 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,600.61 9/1/2024 9/25/2024 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 27 © PFM Asset Management LLC pfmam.com

INTEREST
9/1/2024 9/25/2024 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 9/1/2024 9/25/2024 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 9/1/2024 9/25/2024 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,920.42 9/1/2024 9/25/2024 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 9/1/2024 9/25/2024 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 9/1/2024 9/25/2024 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 9/1/2024 9/25/2024 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 9/4/2024 9/4/2024 025816CQ0 AMERICAN EXPRESS CO (CALLABLE) 2.25% 3/4/2025 900.00 9/4/2024 9/4/2024 3130AK5E2 FEDERAL HOME LOAN BANK 0.37% 9/4/2025 281.25 9/4/2024 9/4/2024 025816CS6 AMERICAN EXPRESS CO (CALLABLE) 2.55% 3/4/2027 3,825.00 9/10/2024 9/10/2024 771196BT8 ROCHE HOLDINGS INC (CALLABLE) 2.13% 3/10/2025 4,370.60 9/12/2024 9/12/2024 037833DB3 APPLE INC (CALLABLE) 2.90% 9/12/2027 11,237.50 9/14/2024 9/14/2024 09290DAA9 BLACKROCK FUNDING INC (CALLABLE) 4.70% 3/14/2029 18,212.50 9/15/2024 9/15/2024 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 9.16 9/15/2024 9/15/2024 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 9/15/2024 9/15/2024 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 9/15/2024 9/15/2024 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 28 © PFM Asset Management LLC pfmam.com

INTEREST
9/15/2024 9/15/2024 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,612.92 9/15/2024 9/15/2024 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 13.97 9/15/2024 9/15/2024 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.38 9/15/2024 9/15/2024 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 945.29 9/15/2024 9/15/2024 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 9/15/2024 9/15/2024 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 715.42 9/15/2024 9/15/2024 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 6.58 9/15/2024 9/15/2024 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 9/15/2024 9/15/2024 084664CZ2 BERKSHIRE HATHAWAY FIN (CALLABLE) 2.30% 3/15/2027 5,462.50 9/15/2024 9/15/2024 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 503.75 9/15/2024 9/15/2024 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 9/15/2024 9/15/2024 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 9/15/2024 9/15/2024 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 565.34 9/15/2024 9/15/2024 002824BM1 ABBOTT LABORATORIES (CALLABLE) 3.87% 9/15/2025 4,359.38 9/15/2024 9/15/2024 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 9/15/2024 9/15/2024 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 507.21 9/15/2024 9/15/2024 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4.70 29 © PFM Asset Management LLC pfmam.com

INTEREST
9/15/2024 9/15/2024 650036DT0 NY ST URBAN DEV-F-1 0.87% 3/15/2025 1,413.75 9/15/2024 9/15/2024 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 9/15/2024 9/15/2024 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 94.25 9/16/2024 9/16/2024 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 17.61 9/16/2024 9/16/2024 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 1,090.53 9/18/2024 9/18/2024 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,442.67 9/21/2024 9/21/2024 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 401.63 9/21/2024 9/21/2024 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 22.99 9/23/2024 9/23/2024 3137EAEX3 FREDDIE MAC 0.37% 9/23/2025 1,312.50 9/29/2024 9/29/2024 17325FBB3 CITIBANK NA (CALLABLE) 5.80% 9/29/2028 21,761.25 Total INTEREST 35,334,989.27 445,429.63 0.00

MATURITY
7/1/2024 7/1/2024 60,000.00 20772KJW0 CT ST TXBL GO BONDS 1.99% 7/1/2024 60,599.40 7/8/2024 7/8/2024 400,000.00 38141EC23 GOLDMAN SACHS GROUP INC (CALLABLE) BONDS 3.85% 7/8/2024 407,700.00 8/1/2024 8/1/2024 100,000.00 157411TK5 CHAFFEY UHSD, CA TXBL GO BONDS 2.10% 8/1/2024 101,050.50 8/12/2024 8/12/2024 70,000.00 05565EBU8 BMW US CAPITAL LLC CORPORATE NOTES 0.75% 8/12/2024 70,262.50 Total MATURITY 630,000.00 639,612.40 0.00
30 © PFM Asset Management LLC pfmam.com

PAYDOWNS
7/1/2024 7/25/2024 763.85 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 763.85 7/1/2024 7/25/2024 283.51 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 283.51 7/1/2024 7/25/2024 735.25 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 735.25 7/1/2024 7/25/2024 439.27 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 439.27 7/15/2024 7/15/2024 11,065.60 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 11,065.60 7/15/2024 7/15/2024 10,807.95 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 10,807.95 7/15/2024 7/15/2024 11,151.23 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 11,151.23 7/15/2024 7/15/2024 2,412.88 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 2,412.88 7/15/2024 7/15/2024 3,917.43 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 3,917.43 7/15/2024 7/15/2024 3,807.83 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,807.83 7/16/2024 7/16/2024 3,444.74 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,444.74 7/21/2024 7/21/2024 4,230.51 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 4,230.51 8/1/2024 8/25/2024 3,361.52 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 3,361.52 -14.02 8/1/2024 8/25/2024 635.22 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 635.22 8/1/2024 8/25/2024 721.55 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 721.55 8/1/2024 8/25/2024 278.50 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 278.50 8/15/2024 8/15/2024 3,530.57 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 3,530.57 31 © PFM Asset Management LLC pfmam.com

PAYDOWNS
8/15/2024 8/15/2024 3,832.63 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 3,832.63 8/15/2024 8/15/2024 10,991.08 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 10,991.08 8/15/2024 8/15/2024 3,783.02 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,783.02 8/15/2024 8/15/2024 11,839.30 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 11,839.30 8/15/2024 8/15/2024 11,483.78 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 11,483.78 8/16/2024 8/16/2024 3,497.73 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 3,497.73 8/16/2024 8/16/2024 3,503.08 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,503.08 8/21/2024 8/21/2024 4,381.43 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 4,381.43 9/1/2024 9/25/2024 723.97 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 723.97 14.21 9/1/2024 9/25/2024 761.56 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 761.56 9/1/2024 9/25/2024 17,031.27 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 17,031.27 -56.24 9/1/2024 9/25/2024 24,443.39 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 24,443.39 324.31 9/1/2024 9/25/2024 280.00 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 280.00 0.01 9/15/2024 9/15/2024 8,309.31 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 8,309.31 1.00 9/15/2024 9/15/2024 3,838.24 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 3,838.24 0.24 9/15/2024 9/15/2024 195,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 195,000.00 16.81 9/15/2024 9/15/2024 11,706.79 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 11,706.79 0.15 32 © PFM Asset Management LLC pfmam.com

PAYDOWNS
9/15/2024 9/15/2024 3,836.75 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,836.75 0.31 9/15/2024 9/15/2024 10,869.09 89190GAC1 TAOT 2021-B A3 0.26% 11/17/2025 10,869.09 0.32 9/15/2024 9/15/2024 11,335.66 65480BAC1 NAROT 2021-A A3 0.33% 10/15/2025 11,335.66 0.05 9/16/2024 9/16/2024 14,703.69 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 14,703.69 1.45 9/16/2024 9/16/2024 3,355.67 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,355.67 0.04 9/21/2024 9/21/2024 4,188.78 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 4,188.78 0.28 Total PAYDOWNS 425,283.63 425,283.63 288.92
SELL
7/1/2024 7/3/2024 50,000.00 912828YY0 US TREASURY N/B 1.75% 12/31/2024 49,143.85 -1,250.89 7/18/2024 7/19/2024 450,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 428,597.48 -4,107.03 8/1/2024 8/5/2024 1,100,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 1,053,726.39 -11,385.37 8/8/2024 8/15/2024 350,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 337,148.44 -2,093.14 8/15/2024 8/15/2024 50,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 48,113.28 -349.80 9/3/2024 9/5/2024 175,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 169,375.51 -604.79 9/4/2024 9/6/2024 1,225,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 1,188,470.53 -1,511.40 Total SELL 3,400,000.00 3, 274,575.48 -21,302.42
33 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings
© PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/Description
D
ated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury

US TREASURY N/B
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 50,000.00 AA+ Aaa 4/1/2021 4/5/2021 49,031.25 0.71 31.59 48,581.2549,829.67

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
912828U24 6,600,000.00 AA+ Aaa 1/13/2023 1/17/2023 6,198,843.75 3.72 49,858.70 6,379,573.206,377,613.67

US TREASURY N/B
DTD 05/02/2022 2.750% 04/30/2027
91282CEN7 1,200,000.00 AA+ Aaa 1/31/2023 2/3/2023 1,155,421.88 3.70 13,809.78 1,175,016.001,172,884.28

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
91282CFB2 375,000.00 AA+ Aaa 5/1/2023 5/5/2023 362,329.10 3.62 1,737.43 366,533.25366,544.55

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
91282CFB2 825,000.00 AA+ Aaa 6/2/2023 6/6/2023 786,779.30 3.97 3,822.35 806,373.15798,956.48

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
91282CFB2 600,000.00 AA+ Aaa 7/3/2023 7/7/2023 565,640.63 4.30 2,779.89 586,453.20576,098.84

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
91282CFB2 400,000.00 AA+ Aaa 3/2/2023 3/6/2023 373,265.62 4.44 1,853.26 390,968.80382,825.49

US TREASURY N/B
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 15,301.49 1,184,867.651,171,354.21

US TREASURY N/B
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 15,627.05 1,210,077.601,187,394.46

US TREASURY N/B
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 1,370.17 405,281.20394,439.46

US TREASURY N/B
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 8,392.27 2,482,347.352,389,877.29

US TREASURY N/B
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 2,055.25 607,921.80602,105.61

US TREASURY N/B
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 4,624.31 1,367,824.051,337,400.51

US TREASURY N/B
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 9,161.01 2,663,354.202,588,515.87

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,275,000.00 AA+ Aaa 9/4/2024 9/6/2024 1,169,364.26 3.59 4,027.68 1,170,957.451,171,125.25 34 © PFM Asset Management LLC pfmam.com

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 225,000.00 AA+ Aaa 7/1/2024 7/3/2024 198,641.60 4.49 710.77 206,639.55200,133.76

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,300,000.00 AA+ Aaa 8/1/2024 8/5/2024 1,173,960.94 3.96 4,106.66 1,193,917.401,178,622.09 22,925,000.00 21,667,969.75 139,269.66 22,246,687.10Security Type Sub-Total 4.06 21,945,721.49 Negotiable CD

TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 450,000.00 A- A2 10/27/2022 10/31/2022 450,000.00 5.60 23,940.00 457,599.60450,000.00

NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 450,000.00 A-1+ P-1 11/2/2022 11/3/2022 450,000.00 5.53 10,230.50 457,315.65450,000.00 900,000.00 900,000.00 34,170.50 914,915.25Security Type Sub-Total 5.57 900,000.00 Municipal
NY ST URBAN DEV-F-1
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 325,000.00 NR NR 12/16/2020 12/23/2020 325,000.00 0.87 125.67 319,537.40325,000.00

UNIV OF CALIFORNIA-BG
(CALLABLE)
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 85,000.00 AA Aa2 7/10/2020 7/16/2020 85,000.00 0.88 283.54 83,215.2685,000.00

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 160,000.00 AA Aa3 9/3/2020 9/16/2020 160,000.00 1.26 503.20 156,179.36160,000.00

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 85,000.00 AA Aa3 9/3/2020 9/16/2020 85,563.55 1.12 267.33 82,970.2985,088.21

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 65,000.00 AA Aa3 9/3/2020 9/16/2020 65,459.55 1.11 204.43 63,447.8765,071.93

SAN JUAN CA UNIF SCH
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 130,000.00 NR Aa2 10/16/2020 10/29/2020 130,000.00 0.85 184.60 126,212.06130,000.00

MINNESOTA ST-F-UNREF
DTD 08/25/2020 0.630% 08/01/2025
60412AK85 100,000.00 AAA Aaa 5/7/2024 5/7/2024 100,000.00 0.63 105.00 97,177.00100,000.00

CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
13077DQD7 85,000.00 AA- Aa2 7/9/2021 7/29/2021 85,000.00 0.86 305.29 81,980.4685,000.00 35 © PFM Asset Management LLC pfmam.com

FREDDIE MAC
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 425,000.00 AA+ Aaa 7/21/2020 7/23/2020 422,883.50 0.48 309.90 412,794.85424,658.63

FANNIE MAE
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 350,000.00 AA+ Aaa 8/25/2020 8/27/2020 348,362.00 0.47 131.25 338,664.55349,704.83

FEDERAL HOME LOAN BANK
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 AA+ Aaa 9/10/2020 9/11/2020 149,550.00 0.44 42.19 145,061.40149,916.42

FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 AA+ Aaa 9/23/2020 9/25/2020 697,893.00 0.44 58.33 675,788.40699,587.51

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 650,000.00 AA+ Aaa 11/9/2020 11/12/2020 647,673.00 0.57 1,300.00 625,490.45649,486.63 2,275,000.00 2,266,361.50 1,841.67 2,197,799.65Security Type Sub-Total 0.49 2,273,354.02 Corporate

PACCAR FINANCIAL CORP
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 175,000.00 A+ A1 10/22/2020 10/29/2020 182,894.25 0.72 481.25 173,136.78175,642.02

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 80,000.00 BBB+ A2 3/1/2022 3/4/2022 79,919.20 2.29 135.00 79,168.8079,988.55

ROCHE HOLDINGS INC (CALLABLE)
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 410,000.00 AA Aa2 3/3/2022 3/10/2022 410,000.00 2.13 509.90 405,601.52410,000.00

HOME DEPOT INC (CALLABLE)
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 25,000.00 A A2 3/24/2022 3/28/2022 24,956.25 2.76 311.25 24,731.6824,992.26 36 © PFM Asset Management LLC pfmam.com

USAA CAPITAL CORP
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 AA Aa1 5/23/2022 5/26/2022 224,264.25 3.49 3,164.06 223,385.85224,853.55

GENERAL DYNAMICS CORP
(CALLABLE)
DTD 05/11/2018 3.500% 05/15/2025
369550BG2 225,000.00 A A2 10/16/2020 10/20/2020 252,247.50 0.80 2,975.00 223,671.60227,819.30 AMAZON.COM INC (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 475,000.00 AA A1 6/3/2020 6/5/2020 474,767.25 0.81 1,245.56 463,885.48474,968.67

NATIONAL AUSTRALIA BK/NY
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 2,722.22 248,218.00250,000.00

NATIONAL RURAL UTIL COOP
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 50,000.00 A- A2 4/27/2022 5/4/2022 49,986.50 3.92 507.92 49,636.3049,996.94

IBM CORP
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 225,000.00 A- A3 7/20/2022 7/27/2022 225,000.00 4.00 1,600.00 224,012.25225,000.00

BANK OF AMERICA CORP
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 225,000.00 A- A1 8/18/2020 8/20/2020 256,918.50 0.93 1,453.13 224,220.37230,376.50

ABBOTT LABORATORIES
(CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 AA- Aa3 9/24/2020 9/28/2020 257,845.50 0.86 387.50 224,480.70229,916.18

BANK OF AMERICA CORP
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 225,000.00 A- A1 12/1/2021 12/6/2021 225,000.00 1.53 1,099.69 223,416.90225,000.00

JPMORGAN CHASE & CO
(CALLABLE)
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6 175,000.00 A- A1 2/16/2022 2/24/2022 175,000.00 2.60 466.74 173,269.43175,000.00

UNITEDHEALTH GROUP INC
(CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A2 5/17/2021 5/19/2021 224,608.50 1.19 977.50 215,113.50224,872.70

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 8/12/2021 8/16/2021 174,947.50 1.26 297.74 165,964.05174,980.39

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 1/11/2022 1/13/2022 223,863.75 1.81 881.88 214,240.50224,482.83 37 © PFM Asset Management LLC pfmam.com

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 1/19/2022 1/24/2022 39,932.00 1.99 164.67 38,416.7239,968.71

BANK OF NY MELLON CORP
(CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A Aa3 1/26/2022 1/28/2022 473,945.50 2.10 1,758.16 454,714.18474,510.28

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 3/14/2023 3/17/2023 721,942.50 4.36 3,781.25 742,950.00733,053.19

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 BBB+ A2 1/13/2023 1/18/2023 277,203.00 4.59 573.75 289,546.80286,607.15

BERKSHIRE HATHAWAY FIN
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 3/15/2022 3/17/2022 466,089.00 2.70 485.56 459,626.15470,618.84

CHARLES SCHWAB CORP
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 2/17/2023 2/22/2023 284,925.00 4.66 4,950.00 293,891.10290,826.57

NATIONAL AUSTRALIA BK/NY
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 6,074.44 499,276.50492,851.74

APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 1/19/2023 1/23/2023 741,062.75 3.94 1,186.18 757,381.92753,425.75

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 2/8/2023 2/10/2023 376,282.50 4.55 3,805.99 381,775.88375,854.76

NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A- A1 2/17/2023 2/22/2023 329,189.00 4.76 1,785.00 342,185.90335,939.46

TEXAS INSTRUMENTS INC
(CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 5/11/2023 5/18/2023 87,043.40 4.04 499.61 86,771.7486,442.69

BRISTOL-MYERS SQUIBB CO
(CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 375,000.00 A A2 3/9/2023 3/13/2023 358,263.75 4.93 1,665.63 373,561.50363,519.14

LOCKHEED MARTIN CORP
(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 1,008.67 60,942.7259,921.32

MORGAN STANLEY BANK NA
(CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
61690U8E3 525,000.00 A+ Aa3 7/18/2024 7/19/2024 525,525.00 4.94 5,216.40 535,501.05525,492.97 38 © PFM Asset Management LLC pfmam.com

JOHN DEERE CAPITAL CORP
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 3,970.31 387,243.38377,182.78

CITIBANK NA (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 5.92 241.79 793,449.00746,937.16

AIR PRODUCTS & CHEMICALS
(CALLABLE)
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 2,302.56 348,045.42339,600.81

CISCO SYSTEMS INC (CALLABLE)
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 1,980.42 434,195.58419,869.92

BLACKROCK FUNDING INC
(CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 50,000.00 AA- Aa3 3/5/2024 3/14/2024 49,909.50 4.74 110.97 51,399.2549,918.58

BLACKROCK FUNDING INC
(CALLABLE)
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 1,609.10 745,289.13725,322.89

ADOBE INC (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 4,838.00 211,632.78204,721.49

ADOBE INC (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 4,012.00 175,500.35169,795.59

HOME DEPOT INC (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 1,583.33 128,757.38124,232.23

HOME DEPOT INC (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 3,166.67 257,514.75248,693.56

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 400,000.00 A- A3 9/3/2024 9/5/2024 399,520.00 4.43 1,271.11 401,483.20399,526.58 12,875,000.00 12,812,447.00 78,192.29 12,871,723.99Security Type Sub-Total 3.75 12,787,721.26 Agency CMBS
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 223,036.87 AA+ Aaa 3/19/2020 3/25/2020 234,084.16 1.91 569.12 221,761.55223,579.55 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 275,000.00 AA+ Aaa 4/11/2023 4/14/2023 263,613.28 4.32 629.06 269,867.40269,608.09 39 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 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
Agency CMBS
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aaa 4/6/2023 4/12/2023 526,839.84 3.98 1,215.96 536,163.10536,940.19 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 372,786.73 AA+ Aaa 5/19/2023 5/24/2023 361,311.90 4.29 1,039.76 367,133.42365,743.49 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 550,000.00 AA+ Aaa 8/16/2023 8/18/2023 518,804.69 4.94 1,477.67 540,786.95528,497.60 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aaa 6/8/2023 6/13/2023 527,033.20 4.42 1,486.38 539,904.75534,754.80 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 394,613.84 AA+ Aaa 12/6/2023 12/14/2023 394,610.68 4.86 1,597.53 403,482.00394,612.52 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 436,448.59 AA+ Aaa 7/19/2023 7/27/2023 436,437.71 4.78 1,737.43 443,295.60436,440.32 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 2,208.71 564,170.75554,159.51 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 525,556.61 AA+ Aaa 7/18/2023 7/31/2023 516,646.78 4.58 1,831.21 527,469.64518,732.69 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 5.25 1,975.00 512,567.50490,960.44 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 3,100.00 816,610.40790,425.93 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 2,000.00 512,863.00495,035.38 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 1,515.63 385,585.13364,882.43 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 5.14 760.35 186,481.44179,561.24 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 1,113.75 282,913.13274,328.88 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 1,104.90 295,452.58292,551.57 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 440,000.00 AA+ Aaa 7/16/2024 7/25/2024 442,702.04 4.58 1,730.67 451,834.68442,652.32 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 2,201.38 566,251.95550,000.00 40 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 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
Agency CMBS
FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 495,000.00 AA+ Aaa 8/7/2024 8/15/2024 499,630.23 4.33 1,873.99 504,844.06499,523.52 8,832,442.64 8,708,060.50 31,168.50 8,929,439.03Security Type Sub-Total 4.66 8,742,990.47 ABS
NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 21,983.51 AAA Aaa 6/15/2021 6/23/2021 21,983.13 0.33 3.22 21,901.4621,983.42 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 19,484.64 AAA NR 6/8/2021 6/14/2021 19,482.54 0.26 2.25 19,412.8219,484.11 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 27,156.80 NR Aaa 11/16/2021 11/24/2021 27,151.08 0.89 6.64 26,802.7127,155.01 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 7,009.64 AAA NR 4/13/2021 4/21/2021 7,008.13 0.52 1.62 6,983.357,009.21 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 18,813.23 AAA NR 11/9/2021 11/17/2021 18,809.03 0.75 6.19 18,639.7518,811.71 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 27,714.20 AAA Aaa 10/13/2021 10/21/2021 27,713.49 0.68 7.85 27,304.1127,713.92 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 159,177.63 AAA NR 7/12/2022 7/20/2022 159,173.87 3.97 280.86 158,448.76159,175.62 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 128,160.12 AAA Aaa 9/20/2022 9/28/2022 128,133.60 4.46 254.04 128,052.72128,145.09 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 256,798.58 AAA NR 10/4/2022 10/12/2022 256,756.49 4.82 515.74 257,152.71256,773.60 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 4.63 504.16 245,589.72244,999.92 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 4.95 539.00 246,514.84244,976.40 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 5.05 381.56 170,745.62169,988.59 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 4.65 268.67 130,325.39129,990.61 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 5.42 625.16 324,601.92319,950.31 41 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 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
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 4.31 612.98 320,560.64319,986.98 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 4.79 361.91 171,735.87169,971.63 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 4.45 962.58 491,928.64489,918.19 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 4.87 411.24 192,263.09189,987.59 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 4.93 766.89 354,365.20349,964.70 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 86,972.9484,987.76 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 5.53 860.22 354,961.60349,983.12 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 5.24 953.02 419,386.13409,792.43 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 5.17 928.80 413,746.79404,908.90 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 4.98 398.40 183,602.16179,979.92 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 1,150.60 509,663.88494,898.53 5,221,298.36 5,220,549.69 10,937.48 5,281,662.82Security Type Sub-Total 4.84 5,220,537.27 54,263,741.00 52,811,411.54 298,366.83 53,657,307.94Managed Account Sub Total Securities Sub Total
Accrued Interest
$54,734,291.48 $53,281,962.02 $298,366.83 $54,127,858.42 $298,366.83
53,105,484.65
$53,576,035.13

CITY OF LAKE ELSINORE
For the Quarter Ended September 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. 43 © PFM Asset Management LLC pfmam.com

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Appendix
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Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and other information about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.

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

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

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

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

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

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

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

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

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2024
Appendix
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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. 46

Lake Elsinore City CouncilDecember 10, 2024

Lake Elsinore City Council
December 10, 2024