Attachment 1 - Investment Report for October 2025 — Lake Elsinore City Council, December 9, 2025

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account 3,213,133 $ 78,537 $ (7,726) $ 3,283,944 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 3,213,133 78,537 (7,726) 3,286,244

INVESTMENTS
Local Agency Investment Funds 54,885,578 - - 54,885,578 CAMP Investments:

CAMP Pool Account 1,124,173 - - 1,124,172.64 U.S. Treasury Bond / Note 26,052,425 - - 26,052,424.83 Municipal Bond / Note 285,000 - - 285,000.00 Federal Agency Commercial Mortgage-Backed Security 8,544,222 - - 8,544,222.48 Federal Agency Bond / Note 647,673 - - 647,673.00 Corporate Note 11,247,129 - - 11,247,128.90 Certificate of Deposit 450,000 - - 450,000.00 Bank Note 525,525 - - 525,525.00 Asset-Backed Security 6,529,332 - - 6,529,331.75 Sub-total Investments 110,291,057 - - 110,291,057 Market Value Adjustment:

Unrealized Gain/(Loss) at 09/30/2025 944,293 - - 944,293 Total Investments 111,235,350 - - 111,235,350 Total Pooled Cash and Investments 114,448,483 $ 78,537 $ (7,726) $ 114,521,594$ TOTAL POOLED CASH AND INVESTMENTS 114,521,594$
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 24, 2025. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures.

Jason P. Simpson December 3, 2025
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, 2025

FUND NO FUND NAME AMOUNT
100 General 12,600,105 $
102 Measure Z 10,995,256
106 Affordable Housing In Lieu 1,503,779
107 Developer Agreement Revenue 341,114
108 American Rescue Plan 240,356
109 Road Maintenance and Rehabilitation (SB1) 2,446,268 110 State Gas Tax 743,246
112 Measure A 1,811,652
114 SB1186 CASP Education Program 86,653
115 Traffic Safety 11,454
116 City Hall-Public Works DIF 743,255
117 Community Center DIF 689,870
118 Lake Side Facility DIF 971,314
119 Animal Shelter DIF 14,787
121 T.R.I.P.-2014A 2,580
135 Lighting & Landscape Maintenance - Dist. No. 1 2,046,397 140 Geothermal 12,976
202 La Strada RBBD 26,465
203 E.L.S.P. - S.T.I.F. 3,732,024
205 Traffic Impact Fee 723,336
211 Storm Drain C.I.P. 2,026,596
221 Quimby Park C.I.P. 47,065
231 Library C.I.P. 1,082,274
232 City Fire Protection 1,413,752
300 Insurance Service 342,449
305 Information Systems Service 2,724,970
310 Support Service 48,394
315 Fleet Service 63,648
320 Facilities Service 2,806,964
333 CFD 2015-3 Terracina 238,703
335 CFD 2003-2E Canyon Hills Improvement Area E 359
346 CFD 2014-1 Southshore 64,212
350 CFD 98-1 Summerhill 5,241
354 CFD 90-2 Tuscany Hills 536
357 CFD 2003-2 Canyon Hills Improvement Area 369
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 30,146 361 CFD 2022-2 Lakeshore Improvement 5,082
364 CFD 2023-2 Coastal Mission Trail Improvement 5,338
366 CFD 2005-6 City Center Townhomes 46,329
368 CFD 2006-2 Viscaya 4,000

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, 2025

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, 2025
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 66,803 371 CFD 2005-1 Serenity 4,004
372 CFD 2005-2 Alberhill Ranch Improvement Area 24,997
379 CFD 2022-1 Alberhill 2,143
383 CFD 2025-2 Cambern Apartments 59
384 CFD 2003-2 Area B Canyon Hills Improvement Area 5,100 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 24,020 388 CFD 2007-6 Holiday Inn Express 22
390 CFD 2003-2 Area C Canyon Hills Improvement Area 1,123 394 CFD 2005-5 (2012A) Wasson Canyon 411
396 CFD 2018-2 Nichols Ranch Improvement Area 43,652
500 Capital Improvement Plan 11,586,461
603 Endowment Trust - Carl Graves 70,307
604 Endowment Trust - Korn Memorial 37,288
605 Public Improvement Trust 3,224,345
606 Mobile Source Air Polution Reduction 245,552
608 Trust Deposit & Pre Paid Expense 1,838,056
617 Successor Agency Housing 41,836,571
620 Cost Recovery System 4,462,570
631 Lake Destratification Equipment Replacement 348,795 Total Pooled Cash & Investments 114,521,594$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 1.02% 1,124,173 $ U.S. Treasury Bond / Note Unlimited 23.62% 26,052,425 $ Supra-National Agency Bond / Note 30% 0.00% - $
Municipal Bond / Note Unlimited 0.26% 285,000 $
Federal Agency Collaterized Mortgage Obligation 40% 7.75% 8,544,22 2$ Federal Agency Bond / Note Unlimited 0.59% (1) 647,673$ Banker's Acceptance 40.00% 0.00% - $
Corporate Note (Includes Bank Note) 30% 10.67% 11,772,654 $ Commercial Paper 25% 0.00% - $
Negotiable Certificates of Deposit 30% 0.41% 450,000 $
Asset-Backed Security / Collaterized Mortgage 20% 5.92% 6,529,332 $ Repurchase Agreements Unlimited 0 - $
Reverse Repurchase Agreements 10.00% 0.00% - $
LAIF (Local Agency Investment Funds) $150 Million 49.76% (2) 54,885,578$ Placement Service Deposits (PDS) 30% 0.00% - $
TOTAL 100.00% 110,291 ,057$
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, 2025

Local Agency Investment Fund

October 4.150
September 4.212
August 4.251
July 4.258
June 4.269
May 4.272
LAIF Apportionment Rate(2): 4.34
LAIF Earnings Ratio(2): 0.00011893333163814
LAIF Administrative Cost(1)*: 0.26
PMIA Average Life(1): 254
LAIF Fair Value Factor(1): 1.001929581
PMIA Daily(1): 4.19
PMIA Quarter to Date(1): 4.24
Treasuries

52.46%
Agencies

28.00%
Certificates of
Deposit/Bank Notes

9.74%
Time
Deposits

3.39%
Commercial
Paper

5.66%
Corporate
Bonds

0.58%
Loans

0.17%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) .
*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 11/19/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 9/30/25
Chart does not include $961,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/25
$156.2 billion

Yield Purchase Date Maturity Rate

4.150% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 60,435,255$ (5,549,676) $ 54,885,578 $ 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, 2025
CAMP
Investment Portfolio

For the Month Ending October 31, 2025Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
1,187,493.79
946,147.98
(1,009,469.13)

0.00 $1,124,172.64
CAMP Pool
Unsettled Trades 0.00
2,337.98 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
55,141,743.51
997,242.19
(832,680.51)
41,825.75
$55,348,130.94
CAMP Managed Account
Unsettled Trades 0.00
104,898.23 Cash Dividends and Income
October 31, 2025 September 30, 2025
Asset Summary
CAMP Pool 1,124,172.64 1,187,493.79
CAMP Managed Account 55,348,130.94 55,141,743.51
$56,472,303.58 $56,329,237.30 Total
Asset Allocation

1.99%
CAMP Pool

98.01%
CAMP Managed
Account

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U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
$1,187,493.79
946,147.98
(1,009,469.13)
$1,124,172.64
2,337.98
$55,141,743.51
(832,680.51)

0.00 997,242.19

0.00 41,825.75
$55,348,130.94
$56,329,237.30
$56,472,303.58
110,729.42
(7,544.33)
1,713.14
$104,898.23
450,000.00

0.00 110,729.42
382,680.51
(1,004,786.52)
61,376.59

0.00 Managed Account Total
54,749,812.66 55,873,985.30
429,550.88

0.00 832,680.51
110,729.42
(1,004,786.52)
(54,556,073.45)
(366,703.35)

0.00 429,550.88
1,009,469.13
832,680.51
110,729.42
(1,950,934.50)
(55,743,567.24)
(366,703.35)
2,337.98
Total Accrual Basis Earnings $195,210.15 $197,548.13
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, 2025
Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 27,175,000.00 26,589,047.85 47.09 Municipal Bond / Note 285,000.00 287,735.00 0.51
Federal Agency Commercial
Mortgage-Backed Security
8,676,043.44 8,766,953.51 15.52
Federal Agency Bond / Note 650,000.00 649,738.70 1.15 Corporate Note 11,410,000.00 11,492,016.34 20.35
Certificate of Deposit 450,000.00 449,780.85 0.80
Bank Note 525,000.00 532,304.33 0.94
Asset-Backed Security 6,526,467.13 6,580,554.36 11.65 Managed Account Sub-Total 55,697,510.57 55,348,130.94 98.01% Accrued Interest 429,550.88
Total Portfolio 55,697,510.57 55,777,681.82
CAMP Pool 1,124,172.64 1,124,172.64 1.99
Total Investments 56,821,683.21 56,901,854.46 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

11.65%
ABS

0.94%
Bank Note

0.80%
Cert of Deposit

19.84%
Corporate Note

1.15%
Fed Agy Bond /
Note

15.52%
Federal Agency
Commercial
Mortgage-Backed
Security

1.99%
Joint Powers
Authority

0.51%
Muni Bond / Note

0.51%
Priv Placement
Bond

47.09%
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

4.43%

1.66%

10.19%

32.33%

42.94%

8.45%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1073

4.23%

3.91%

Page 3 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025
Managed Account Issuer Summary

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

4.79%
A

4.96%
A+

4.28%
A-

0.80%
A-1+

0.82%
AA

65.11%
AA+

3.56%
AA-

9.77%
AAA

1.99%
AAAm

0.72%
BBB+

3.20%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
384,592.13 0.68 Adobe Inc
346,021.06 0.61 Air Products and Chemicals Inc
1,404,042.34 2.50 American Express Co
405,944.80 0.72 Analog Devices Inc
762,856.53 1.35 Apple Inc
605,362.50 1.07 BA Credit Card Trust
687,586.12 1.22 Bank of America Corp
464,499.18 0.82 Bank of New York Mellon Corp
171,159.10 0.30 Bayerische Motoren Werke AG
465,557.95 0.82 Berkshire Hathaway Inc
792,176.33 1.40 BlackRock Inc
374,865.75 0.66 Bristol-Myers Squibb Co
85,000.00 0.15 California State University
1,124,172.64 1.99 CAMP Pool
490,910.91 0.87 Capital One Financial Corp
33,639.45 0.06 CarMax Inc
219,432.15 0.39 Caterpillar Inc
297,272.70 0.53 Charles Schwab Corp
430,444.14 0.76 Cisco Systems Inc
1,341,802.25 2.38 Citigroup Inc
385,045.88 0.68 Deere & Co
672,079.29 1.19 Discover Card Execution Note Trust
8,240,737.20 14.60 Federal Home Loan Mortgage Corp
1,175,955.01 2.08 Federal National Mortgage Association 245,014.06 0.43 Fifth Third Auto Trust
61,764.31 0.11 Ford Credit Auto Owner Trust
152,684.41 0.27 GM Financial Consumer Automobile Receiv 65,277.37 0.12 Harley-Davidson Inc
383,979.00 0.68 Home Depot Inc
388,633.43 0.69 Honda Auto Receivables Owner Trust
402,930.00 0.71 Honda Motor Co Ltd
409,096.58 0.72 JPMorgan Chase & Co

Page 4 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
60,655.32 0.11 Lockheed Martin Corp
117,475.95 0.21 Mars Inc
556,081.35 0.98 Mercedes-Benz Auto Receivables Trust
745,827.75 1.32 Microsoft Corp
532,304.33 0.94 Morgan Stanley
500,110.50 0.89 National Australia Bank Ltd
345,560.60 0.61 National Rural Utilities Cooperative Fi 39,626.01 0.07 Nissan Auto Receivables Owner Trust
449,780.85 0.80 Nordea Bank Abp
407,329.20 0.72 PACCAR Inc
100,940.70 0.18 Porsche Innovative Lease Owner
202,735.00 0.36 State of California
205,421.80 0.36 State Street Corp
39,120.80 0.07 Target Corp
86,323.11 0.15 Texas Instruments Inc
105,686.89 0.19 Toyota Auto Receivables Owner Trust
380,417.63 0.67 Toyota Motor Corp
26,589,047.85 47.09 United States Treasury
221,604.98 0.39 UnitedHealth Group Inc
417,923.68 0.74 Verizon Master Trust
407,278.80 0.72 Wells Fargo & Co
490,515.91 0.87 WF Card Issuance Trust
$56,472,303.58 Total 100.00%

Page 5 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Detail of Securities Held

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
73,688.03 73,764.16 692.93 70,441.41 01/17/2301/13/23Aa1AA+ 75,000.00 912828U24 3.72

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
211,702.05 206,910.14 947.69 198,641.60 07/03/2407/01/24Aa1AA+ 225,000.00 91282CCH2 4.49

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,199,644.95 1,199,774.11 5,370.24 1,169,364.26 09/06/2409/04/24Aa1AA+ 1,275,000.00 91282CCH2 3.59

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,223,167.40 1,211,936.17 5,475.54 1,173,960.94 08/05/2408/01/24Aa1AA+ 1,300,000.00 91282CCH2 3.96

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
2,258,155.20 2,262,963.14 10,108.70 2,211,468.75 10/07/2410/01/24Aa1AA+ 2,400,000.00 91282CCH2 3.51

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
2,728,604.20 2,673,510.36 12,214.67 2,565,253.91 06/11/2406/06/24Aa1AA+ 2,900,000.00 91282CCH2 4.39

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,204,640.40 1,186,091.07 15,163.04 1,182,093.75 11/05/2410/31/24Aa1AA+ 1,200,000.00 91282CJR3 4.14

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,380,317.13 1,350,479.10 17,374.32 1,344,653.32 01/07/2501/02/25Aa1AA+ 1,375,000.00 91282CJR3 4.36

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,480,703.83 1,450,031.90 18,637.91 1,444,693.36 02/06/2502/03/25Aa1AA+ 1,475,000.00 91282CJR3 4.33

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
2,610,054.20 2,572,912.51 32,853.26 2,565,773.44 12/06/2412/03/24Aa1AA+ 2,600,000.00 91282CJR3 4.10

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
591,913.80 589,900.18 6,570.65 589,054.69 07/03/2507/01/25Aa1AA+ 600,000.00 91282CEV9 3.75

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
887,870.70 881,153.58 9,855.98 878,414.06 04/04/2504/01/25Aa1AA+ 900,000.00 91282CEV9 3.87

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
887,870.70 877,837.32 9,855.98 875,566.41 06/05/2506/02/25Aa1AA+ 900,000.00 91282CEV9 3.98

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
912,533.78 903,536.98 10,129.76 902,236.33 08/05/2508/01/25Aa1AA+ 925,000.00 91282CEV9 3.94

Page 6 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Detail of Securities Held

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
1,479,784.50 1,479,353.42 16,426.63 1,476,796.88 05/06/2505/01/25Aa1AA+ 1,500,000.00 91282CEV9 3.65

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
2,614,285.95 2,577,103.39 29,020.38 2,565,117.19 03/06/2503/03/25Aa1AA+ 2,650,000.00 91282CEV9 4.06

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3,847,439.70 3,843,874.54 42,709.24 3,841,652.34 09/05/2509/02/25Aa1AA+ 3,900,000.00 91282CEV9 3.67

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
996,671.33 996,905.66 10,471.98 997,242.19 10/06/2510/01/25Aa1AA+ 975,000.00 91282CMG3 3.67 253,878.90 26,589,047.85 26,338,037.73 3.95 26,052,424.83 27,175,000.00 Security Type Sub-Total Municipal Bond / Note

CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
85,000.00 85,000.00 366.35 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86 CA ST
DTD 03/15/2023 4.846% 03/01/2027
202,735.00 200,000.00 1,615.33 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85 1,981.68 287,735.00 285,000.00 3.67 285,000.00 285,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
193,787.34 194,024.75 445.38 186,639.42 04/14/2304/11/23Aa1AA+ 194,701.27 3137BNGT5 4.32 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
543,686.00 544,386.57 1,215.96 526,839.84 04/12/2304/06/23Aa1AA+ 550,000.00 3137BSP72 3.98 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
360,111.57 360,203.75 1,014.17 352,419.64 05/24/2305/19/23Aa1AA+ 363,612.07 3137BTUM1 4.29 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
544,509.35 537,877.84 1,477.67 518,804.69 08/18/2308/16/23Aa1AA+ 550,000.00 3137BXQY1 4.94 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
544,226.10 541,189.46 1,486.38 527,033.20 06/13/2306/08/23Aa1AA+ 550,000.00 3137F1G44 4.42

Page 7 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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 KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
386,788.22 380,605.12 1,540.82 380,602.99 12/14/2312/06/23Aa1AA+ 380,606.04 3137HBC69 4.86 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
434,457.16 431,176.10 1,716.46 431,171.16 07/27/2307/19/23Aa1AA+ 431,181.91 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
561,067.65 552,952.51 2,208.71 555,493.40 07/20/2307/13/23Aa1AA+ 550,000.00 3137HACX2 4.59 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
526,216.31 520,228.09 1,829.78 516,208.67 07/31/2307/18/23Aa1AA+ 525,110.95 3136BQDE6 4.58 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
509,403.00 493,278.09 1,975.00 489,032.00 10/19/2310/11/23Aa1AA+ 500,000.00 3137HAQ74 5.25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
813,046.40 792,890.20 3,100.00 788,165.60 09/14/2309/07/23Aa1AA+ 800,000.00 3137HAMH6 4.99 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
383,399.25 367,403.16 1,515.63 363,043.88 10/31/2310/25/23Aa1AA+ 375,000.00 3137HAST4 5.60 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
510,326.00 496,282.27 2,000.00 494,023.50 09/28/2309/20/23Aa1AA+ 500,000.00 3137HAMS2 5.07 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
185,136.48 179,668.85 760.35 179,479.62 11/21/2311/14/23Aa1AA+ 180,000.00 3137HB3D4 5.14 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
281,490.00 274,494.02 1,113.75 274,209.93 12/07/2311/28/23Aa1AA+ 275,000.00 3137HB3G7 4.93 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
294,695.10 291,945.14 1,104.90 292,899.71 02/08/2402/01/24Aa1AA+ 290,000.00 3137HBLV4 4.34 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
449,753.04 442,086.00 1,730.67 442,702.04 07/25/2407/16/24Aa1AA+ 440,000.00 3137HDV56 4.58 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
548,689.56 535,831.22 2,144.66 535,829.61 06/13/2406/05/24Aa1AA+ 535,831.22 3137HDJJ0 4.80 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
503,448.17 498,590.22 1,873.99 499,630.23 08/15/2408/07/24Aa1AA+ 495,000.00 3137HDXL9 4.33

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U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Detail of Securities Held

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
649,738.70 649,992.22 1,570.83 647,673.00 11/12/2011/09/20Aa1AA+ 650,000.00 3135G06G3 0.57 1,570.83 649,738.70 649,992.22 0.57 647,673.00 650,000.00 Security Type Sub-Total Corporate Note

UNITEDHEALTH GROUP INC (CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
221,604.98 224,957.71 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
171,159.10 174,991.79 480.03 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
219,432.15 224,729.71 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
39,120.80 39,983.52 229.67 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
464,499.18 474,739.01 2,569.62 473,945.50 01/28/2201/26/22Aa3A 475,000.00 06406RBA4 2.10

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
745,827.75 740,874.79 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
294,650.10 292,590.21 1,211.25 277,203.00 01/18/2301/13/23A2A- 300,000.00 025816CS6 4.59

BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
465,557.95 472,551.71 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
297,272.70 294,801.72 825.00 284,925.00 02/22/2302/17/23A2A- 300,000.00 808513BW4 4.66

Page 9 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Detail of Securities Held

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
500,110.50 495,731.72 7,701.53 488,325.00 01/18/2301/13/23Aa2AA- 500,000.00 63254ABE7 4.50

APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
762,856.53 761,355.96 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
380,417.63 375,572.49 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
345,560.60 340,486.40 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
86,323.11 85,967.48 825.44 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
374,865.75 367,192.26 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
60,655.32 59,944.85 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
385,045.88 376,558.21 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
786,244.50 747,699.35 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
346,021.06 339,692.90 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
430,444.14 419,899.44 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
51,108.15 49,936.87 306.81 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
741,068.18 725,250.30 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
174,348.43 169,840.80 612.00 169,775.60 04/04/2404/02/24A1A+ 170,000.00 00724PAF6 4.83

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U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Detail of Securities Held

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
210,243.70 204,783.09 738.00 204,694.55 04/04/2404/01/24A1A+ 205,000.00 00724PAF6 4.83

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
112,001.67 110,073.79 121.49 110,088.00 04/23/2504/16/25A1BBB+ 110,000.00 95000U3T8 4.95

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
295,277.13 290,000.00 320.29 290,000.00 04/23/2504/15/25A1BBB+ 290,000.00 95000U3T8 4.97

BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
607,218.60 600,000.00 13,252.60 600,000.00 05/09/2505/06/25A1A- 600,000.00 06051GMT3 4.62

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
127,993.00 124,392.79 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
255,986.00 248,966.88 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
402,930.00 399,622.14 2,737.78 399,520.00 09/05/2409/03/24A3A- 400,000.00 02665WFQ9 4.43

MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
117,475.95 114,890.14 920.00 114,875.80 03/12/2503/05/25A2A 115,000.00 571676AY1 4.83

STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
205,421.80 200,000.00 187.99 200,000.00 04/24/2504/22/25Aa3A 200,000.00 857477DB6 4.83

PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
407,329.20 399,434.37 8,746.11 399,380.00 05/08/2505/05/25A1A+ 400,000.00 69371RT71 4.59

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
405,944.80 399,673.01 6,750.00 399,648.00 06/16/2506/12/25A2A- 400,000.00 032654BE4 4.52 100,724.44 11,492,016.34 11,347,185.41 4.33 11,247,128.90 11,410,000.00 Security Type Sub-Total Certificate of Deposit

NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
449,780.85 450,000.00 12,304.25 450,000.00 11/03/2211/02/22P-1A-1+ 450,000.00 65558UYF3 5.53 12,304.25 449,780.85 450,000.00 5.53 450,000.00 450,000.00 Security Type Sub-Total

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U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Detail of Securities Held

MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
532,304.33 525,309.07 7,752.15 525,525.00 07/19/2407/18/24Aa3A+ 525,000.00 61690U8E3 4.94 7,752.15 532,304.33 525,309.07 4.94 525,525.00 525,000.00 Security Type Sub-Total Asset-Backed Security
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
33,639.45 33,653.07 59.38 33,652.52 07/20/2207/12/22NRAAA 33,653.32 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
39,626.01 39,587.85 78.48 39,582.38 09/28/2209/20/22AaaAAA 39,590.58 65480JAC4 4.46 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
62,121.19 62,010.40 124.55 62,003.99 10/12/2210/04/22NRAAA 62,014.15 36265QAD8 4.82 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
105,686.89 105,462.23 217.02 105,462.20 01/30/2301/24/23NRAAA 105,462.25 891940AC2 4.63 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
65,277.37 65,098.77 146.12 65,095.11 02/23/2302/13/23AaaNR 65,101.66 41285JAD0 5.05 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
61,764.31 61,624.79 127.36 61,621.38 03/31/2303/28/23NRAAA 61,627.81 344928AD8 4.65 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
203,090.52 201,578.41 393.85 201,558.12 08/22/2308/15/23NRAAA 201,599.69 43815QAC1 5.42 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
320,179.84 319,991.06 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
170,672.01 169,980.11 361.91 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
190,818.33 189,991.30 411.24 189,983.15 06/14/2306/07/23NRAAA 190,000.00 02582JJZ4 4.87 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
490,910.91 489,942.66 962.58 489,887.64 05/24/2305/17/23NRAAA 490,000.00 14041NGD7 4.42 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
351,899.45 349,975.02 766.89 349,952.72 06/28/2306/21/23AaaAAA 350,000.00 254683CZ6 4.93

Page 12 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
70,151.68 69,407.88 109.33 69,402.96 11/08/2311/01/23AaaNR 69,415.18 438123AC5 5.67 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
245,014.06 242,994.05 597.25 242,987.42 08/23/2308/15/23AaaAAA 243,002.49 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
409,096.58 404,932.03 928.80 404,887.73 09/15/2309/07/23NRAAA 405,000.00 161571HT4 5.17 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
414,393.15 409,989.09 953.02 409,981.67 09/19/2309/12/23NRAAA 410,000.00 02582JKD1 5.23 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
100,940.70 99,990.86 140.86 99,989.29 05/21/2505/14/25NRAAA 100,000.00 73329KAD8 4.61 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
181,834.74 179,984.80 398.40 179,975.83 12/14/2312/07/23AaaNR 180,000.00 05522RDH8 4.98 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
504,180.76 494,898.53 1,150.60 494,898.53 04/23/2404/16/24NRAAA 495,000.00 02582JKH2 5.23 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
115,391.23 114,988.69 212.11 114,987.15 05/08/2504/29/25AaaNR 115,000.00 437921AD1 4.15 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
80,367.52 79,995.25 106.33 79,994.48 05/12/2505/06/25AaaNR 80,000.00 05594BAD8 4.35 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
556,081.35 553,276.45 1,168.44 553,673.83 04/09/2504/08/25AaaNR 550,000.00 58773DAD6 4.62 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
417,923.68 414,985.16 571.89 414,982.16 03/31/2503/25/25AaaNR 415,000.00 92348KDY6 4.51 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
90,563.22 89,987.97 160.50 89,986.75 05/14/2505/06/25AaaAAA 90,000.00 362549AD9 4.28 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
252,855.75 250,000.00 478.89 249,999.05 06/12/2506/05/25NRAAA 250,000.00 05522RDK1 4.31 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
490,515.91 484,994.02 935.51 484,991.95 06/10/2506/03/25NRAAA 485,000.00 92970QAJ4 4.34

Page 13 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
555,557.75 549,860.30 8,211.81 549,850.79 06/26/2506/18/25AaaAAA 550,000.00 17305EHA6 4.31 20,386.10 6,580,554.36 6,529,180.75 4.74 6,529,331.75 6,526,467.13 Security Type Sub-Total 55,697,510.57 54,281,305.96 4.23 429,550.88 54,749,812.66 55,348,130.94 Managed Account Sub-Total Joint Powers Authority
CAMP Pool 1,124,172.64 1,124,172.64 0.00 1,124,172.64 NRAAAm 1,124,172.64 1,124,172.64 1,124,172.64 0.00 1,124,172.64 1,124,172.64 Liquid Sub-Total $56,821,683.21 $55,405,478.60 $429,550.88 $55,873,985.30 $56,472,303.58 4.23% $56,901,854.46
$429,550.88
Total Investments
Accrued Interest
Securities Sub-Total

Page 14 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
(76.13) 3,246.62 73,688.03 98.25 JPMorgan 75,000.00 912828U24US TREASURY N/B DTD 11/15/2016 2.000% 11/15/2026

3.74 1.01
4,791.91 13,060.45 211,702.05 94.09 BMO 225,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.62 2.57
(129.16) 30,280.69 1,199,644.95 94.09 MorganSt 1,275,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.62 2.57
11,231.23 49,206.46 1,223,167.40 94.09 BMO 1,300,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.62 2.57
(4,807.94) 46,686.45 2,258,155.20 94.09 BMO 2,400,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.62 2.57
55,093.84 163,350.29 2,728,604.20 94.09 BMO 2,900,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.62 2.57
18,549.33 22,546.65 1,204,640.40 100.39 Citigrou 1,200,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.63 2.92
29,838.03 35,663.81 1,380,317.13 100.39 MorganSt 1,375,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.63 2.92
30,671.93 36,010.47 1,480,703.83 100.39 JPMorgan 1,475,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.63 2.92
37,141.69 44,280.76 2,610,054.20 100.39 MorganSt 2,600,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.63 2.92
2,013.62 2,859.11 591,913.80 98.65 Citigrou 600,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.66 3.38
6,717.12 9,456.64 887,870.70 98.65 BMO 900,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.66 3.38
10,033.38 12,304.29 887,870.70 98.65 BMO 900,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.66 3.38
8,996.80 10,297.45 912,533.78 98.65 Citigrou 925,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.66 3.38
431.08 2,987.62 1,479,784.50 98.65 Citigrou 1,500,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.66 3.38
37,182.56 49,168.76 2,614,285.95 98.65 MorganSt 2,650,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.66 3.38
3,565.16 5,787.36 3,847,439.70 98.65 RBC Capi 3,900,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.66 3.38

Page 15 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
(234.33)(570.86) 996,671.33 102.22 HSBC 975,000.00 91282CMG3US TREASURY N/B DTD 01/31/2025 4.250% 01/31/2030

3.69 3.83
536,623.02 3.64 251,010.12 26,589,047.85 27,175,000.00 Security Type Sub-Total 3.04 Municipal Bond / Note

0.00 0.00 85,000.00 100.00 JPMorgan 85,000.00 13077DQD7CALIFORNIA ST UNIV-B DTD 07/29/2021 0.862% 11/01/2025

0.00 0.00
2,735.00 2,735.00 202,735.00 101.37 WellsFar 200,000.00 13063D3N6CA ST DTD 03/15/2023 4.846% 03/01/2027

3.79 1.27
2,735.00 2.67 2,735.00 287,735.00 285,000.00 Security Type Sub-Total 0.90 Federal Agency Commercial Mortgage-Backed Security
(237.41) 7,147.92 193,787.34 99.53 RobertBa 194,701.27 3137BNGT5FHMS K054 A2 DTD 04/01/2016 2.745% 01/01/2026

4.15 0.21
(700.57) 16,846.16 543,686.00 98.85 BREAN 550,000.00 3137BSP72FHMS K058 A2 DTD 11/01/2016 2.653% 08/01/2026

3.93 0.76
(92.18) 7,691.93 360,111.57 99.04 Citigrou 363,612.07 3137BTUM1FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026

4.11 0.96
6,631.51 25,704.66 544,509.35 99.00 MorganSt 550,000.00 3137BXQY1FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027

3.89 1.19
3,036.64 17,192.90 544,226.10 98.95 Citigrou 550,000.00 3137F1G44FHMS K065 A2 DTD 07/01/2017 3.243% 04/01/2027

3.87 1.34
6,183.10 6,185.23 386,788.22 101.62 JPMorgan 380,606.04 3137HBC69FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028

3.99 2.11
3,281.06 3,286.00 434,457.16 100.76 JPMorgan 431,181.91 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028

4.12 1.56
8,115.14 5,574.25 561,067.65 102.01 JPMorgan 550,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028

3.89 2.36
5,988.22 10,007.64 526,216.31 100.21 JPMorgan 525,110.95 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.181% 07/01/2028

4.03 2.49
16,124.91 20,371.00 509,403.00 101.88 BMO 500,000.00 3137HAQ74FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028

3.93 2.53

Page 16 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
20,156.20 24,880.80 813,046.40 101.63 WellsFar 800,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028

3.93 2.50
15,996.09 20,355.37 383,399.25 102.24 MorganSt 375,000.00 3137HAST4FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028

3.93 2.61
14,043.73 16,302.50 510,326.00 102.07 BOFAML 500,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028

3.93 2.56
5,467.63 5,656.86 185,136.48 102.85 JPMorgan 180,000.00 3137HB3D4FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028

3.93 2.64
6,995.98 7,280.07 281,490.00 102.36 BOFAML 275,000.00 3137HB3G7FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028

3.92 2.67
2,749.96 1,795.39 294,695.10 101.62 JPMorgan 290,000.00 3137HBLV4FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028

3.93 2.76
7,667.04 7,051.00 449,753.04 102.22 PIER 440,000.00 3137HDV56FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029

3.99 3.20
12,858.34 12,859.95 548,689.56 102.40 MorganSt 535,831.22 3137HDJJ0FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029

3.98 3.07
4,857.95 3,817.94 503,448.17 101.71 BMO 495,000.00 3137HDXL9FHMS K526 A2 DTD 08/01/2024 4.543% 07/01/2029

4.00 3.35
2,722.69 2,723.46 192,716.81 101.43 JPMorgan 190,000.00 3137HKXJ8FHMS K539 A2 DTD 04/01/2025 4.410% 01/01/2030

4.00 3.78
222,731.03 3.96 141,846.03 8,766,953.51 8,676,043.44 Security Type Sub-Total 2.23 Federal Agency Bond / Note
(253.52) 2,065.70 649,738.70 99.96 Barclays 650,000.00 3135G06G3FANNIE MAE DTD 11/12/2020 0.500% 11/07/2025

4.38 0.02
2,065.70 4.38 (253.52) 649,738.70 650,000.00 Security Type Sub-Total 0.02 Corporate Note
(3,352.73)(3,003.52) 221,604.98 98.49 04/15/26Citigrou 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) DTD 05/19/2021 1.150% 05/15/2026

4.07 0.53
(3,832.69)(3,788.40) 171,159.10 97.81 07/12/26SUMITR 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE) DTD 08/12/2021 1.250% 08/12/2026

4.14 0.77

Page 17 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
(5,297.56)(4,431.60) 219,432.15 97.53 JPMorgan 225,000.00 14913R2U0CATERPILLAR FINL SERVICE DTD 01/10/2022 1.700% 01/08/2027

3.86 1.15
(862.72)(811.20) 39,120.80 97.80 12/15/26Citigrou 40,000.00 87612EBM7TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

3.83 1.17
(10,239.83)(9,446.32) 464,499.18 97.79 12/24/26Deutsche 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) DTD 01/26/2022 2.050% 01/26/2027

3.90 1.19
4,952.96 23,885.25 745,827.75 99.44 11/06/26GoldmanS 750,000.00 594918BY9MICROSOFT CORP (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027

3.73 1.13
2,059.89 17,447.10 294,650.10 98.22 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.550% 03/04/2027

3.93 1.29
(6,993.76)(531.05) 465,557.95 98.01 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY FIN (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027

3.80 1.32
2,470.98 12,347.70 297,272.70 99.09 01/01/27Barclays 300,000.00 808513BW4CHARLES SCHWAB CORP (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027

3.99 1.29
4,378.78 11,785.50 500,110.50 100.02 CAS 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.905% 06/09/2027

3.90 1.52
1,500.57 21,793.78 762,856.53 98.43 06/12/27TD Secur 775,000.00 037833DB3APPLE INC (CALLABLE) DTD 09/12/2017 2.900% 09/12/2027

3.77 1.73
4,845.14 4,135.13 380,417.63 101.44 WellsFar 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP DTD 01/12/2023 4.625% 01/12/2028

3.92 2.05
5,074.20 16,371.60 345,560.60 98.73 11/07/27MorganSt 350,000.00 637432NP6NATIONAL RURAL UTIL COOP (CALLABLE) DTD 02/07/2018 3.400% 02/07/2028

4.00 2.07
355.63 (720.29) 86,323.11 101.56 01/15/28JPMorgan 85,000.00 882508BV5TEXAS INSTRUMENTS INC (CALLABLE) DTD 11/18/2022 4.600% 02/15/2028

3.87 2.09
7,673.49 16,602.00 374,865.75 99.96 11/20/27MAXE 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO (CALLABLE) DTD 07/15/2020 3.900% 02/20/2028

3.89 2.06
710.47 763.32 60,655.32 101.09 04/15/28Barclays 60,000.00 539830BZ1LOCKHEED MARTIN CORP (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028

4.00 2.29
8,487.67 7,180.88 385,045.88 102.68 Citigrou 375,000.00 24422EXB0JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028

3.90 2.48
38,545.15 39,964.50 786,244.50 104.83 08/29/28Barclays 750,000.00 17325FBB3CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028

4.02 2.60
6,328.16 6,473.26 346,021.06 101.77 01/08/29Barclays 340,000.00 009158BH8AIR PRODUCTS & CHEMICALS (CALLABLE) DTD 02/08/2024 4.600% 02/08/2029

4.00 2.95

Page 18 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
10,544.70 10,591.14 430,444.14 102.49 01/26/29Citigrou 420,000.00 17275RBR2CISCO SYSTEMS INC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029

4.02 2.98
1,171.28 1,198.65 51,108.15 102.22 02/14/29Citigrou 50,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

3.99 3.04
15,817.88 15,712.93 741,068.18 102.22 02/14/29BOFAML 725,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

3.99 3.04
4,507.63 4,572.83 174,348.43 102.56 03/04/29SEEL 170,000.00 00724PAF6ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

3.97 3.08
5,460.61 5,549.15 210,243.70 102.56 03/04/29BOFAML 205,000.00 00724PAF6ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

3.97 3.08
1,927.88 1,913.67 112,001.67 101.82 04/23/28SEEL 110,000.00 95000U3T8WELLS FARGO & COMPANY (CALLABLE) DTD 04/23/2025 4.970% 04/23/2029

4.58 2.31
5,277.13 5,277.13 295,277.13 101.82 04/23/28WellsFar 290,000.00 95000U3T8WELLS FARGO & COMPANY (CALLABLE) DTD 04/23/2025 4.970% 04/23/2029

4.58 2.31
7,218.60 7,218.60 607,218.60 101.20 05/09/28BOFAML 600,000.00 06051GMT3BANK OF AMERICA CORP (CALLABLE) DTD 05/09/2025 4.623% 05/09/2029

4.46 2.31
3,600.21 3,799.25 127,993.00 102.39 05/25/29MorganSt 125,000.00 437076DC3HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029

4.02 3.23
7,019.12 7,358.50 255,986.00 102.39 05/25/29PNCBank 250,000.00 437076DC3HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029

4.02 3.23
3,307.86 3,410.00 402,930.00 100.73 Deutsche 400,000.00 02665WFQ9AMERICAN HONDA FINANCE DTD 09/05/2024 4.400% 09/05/2029

4.18 3.48
2,585.81 2,600.15 117,475.95 102.15 02/01/30BOFAML 115,000.00 571676AY1MARS INC (CALLABLE) DTD 03/12/2025 4.800% 03/01/2030

4.23 3.82
5,421.80 5,421.80 205,421.80 102.71 03/24/30MorganSt 200,000.00 857477DB6STATE STREET CORP (CALLABLE) DTD 04/24/2025 4.834% 04/24/2030

4.15 3.96
7,894.83 7,949.20 407,329.20 101.83 TD Secur 400,000.00 69371RT71PACCAR FINANCIAL CORP DTD 05/08/2025 4.550% 05/08/2030

4.11 3.97
6,271.79 6,296.80 405,944.80 101.49 05/15/30BOFAML 400,000.00 032654BE4ANALOG DEVICES INC (CALLABLE) DTD 06/16/2025 4.500% 06/15/2030

4.15 4.04
244,887.44 4.00 144,830.93 11,492,016.34 11,410,000.00 Security Type Sub-Total 2.30 Certificate of Deposit

Page 19 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Certificate of Deposit
(219.15)(219.15) 449,780.85 99.95 WellsFar 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK DTD 11/03/2022 5.530% 11/03/2025

13.61 0.01
(219.15) 13.61 (219.15) 449,780.85 450,000.00 Security Type Sub-Total 0.01 Bank Note
6,995.26 6,779.33 532,304.33 101.39 07/14/27Citigrou 525,000.00 61690U8E3MORGAN STANLEY BANK NA (CALLABLE) DTD 07/19/2024 4.968% 07/14/2028

4.51 1.60
6,779.33 4.51 6,995.26 532,304.33 525,000.00 Security Type Sub-Total 1.60 Asset-Backed Security
(13.62)(13.07) 33,639.45 99.96 RBC Capi 33,653.32 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.12 0.17

38.16 43.63 39,626.01 100.09 WellsFar 39,590.58 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.13 0.29
110.79 117.20 62,121.19 100.17 RBC Capi 62,014.15 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

4.00 0.22
224.66 224.69 105,686.89 100.21 BOFAML 105,462.25 891940AC2TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027

4.08 0.41
178.60 182.26 65,277.37 100.27 JPMorgan 65,101.66 41285JAD0HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027

4.28 0.35
139.52 142.93 61,764.31 100.22 BNPPSA 61,627.81 344928AD8FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028

4.17 0.46
1,512.11 1,532.40 203,090.52 100.74 BOFAML 201,599.69 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028

4.15 0.58
188.78 198.40 320,179.84 100.06 RBC Capi 320,000.00 254683CY9DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028

4.15 0.36
691.90 710.50 170,672.01 100.40 BOFAML 170,000.00 05522RDG0BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028

4.04 0.52
827.03 835.18 190,818.33 100.43 RBC Capi 190,000.00 02582JJZ4AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028

4.06 0.52
968.25 1,023.27 490,910.91 100.19 RBC Capi 490,000.00 14041NGD7COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028

4.06 0.52

Page 20 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
1,924.43 1,946.73 351,899.45 100.54 BOFAML 350,000.00 254683CZ6DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028

4.04 0.60
743.80 748.72 70,151.68 101.06 JPMorgan 69,415.18 438123AC5HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028

4.23 0.73
2,020.01 2,026.64 245,014.06 100.83 JPMorgan 243,002.49 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028

4.26 0.64
4,164.55 4,208.85 409,096.58 101.01 JPMorgan 405,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028

4.01 0.84
4,404.06 4,411.48 414,393.15 101.07 Citigrou 410,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028

3.98 0.84
949.84 951.41 100,940.70 100.94 Barclays 100,000.00 73329KAD8PILOT 2025-1A A3 DTD 05/21/2025 4.610% 10/20/2028

4.06 1.60
1,849.94 1,858.91 181,834.74 101.02 BOFAML 180,000.00 05522RDH8BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028

3.98 0.99
9,282.23 9,282.23 504,180.76 101.85 Barclays 495,000.00 02582JKH2AMXCA 2024-1 A DTD 04/23/2024 5.230% 04/16/2029

3.93 1.38
402.54 404.08 115,391.23 100.34 JPMorgan 115,000.00 437921AD1HAROT 2025-2 A3 DTD 05/08/2025 4.150% 10/15/2029

3.99 1.77
372.27 373.04 80,367.52 100.46 BOFAML 80,000.00 05594BAD8BAAT 2025-1A A3 DTD 05/12/2025 4.350% 11/20/2029

3.97 1.53
2,804.90 2,407.52 556,081.35 101.11 WellsFar 550,000.00 58773DAD6MBART 2025-1 A3 DTD 01/23/2025 4.780% 12/17/2029

4.00 1.35
2,938.52 2,941.52 417,923.68 100.70 BOFAML 415,000.00 92348KDY6VZMT 2025-3 A1A DTD 03/31/2025 4.510% 03/20/2030

4.20 1.84
575.25 576.47 90,563.22 100.63 TD Secur 90,000.00 362549AD9GMCAR 2025-2 A3 DTD 05/14/2025 4.280% 04/16/2030

3.97 1.82
2,855.75 2,856.70 252,855.75 101.14 BOFAML 250,000.00 05522RDK1BACCT 2025-A1 A DTD 06/12/2025 4.310% 05/15/2030

3.87 2.36
5,521.89 5,523.96 490,515.91 101.14 WellsFar 485,000.00 92970QAJ4WFCIT 2025-A1 A DTD 06/10/2025 4.340% 05/15/2030

3.90 2.36
5,697.45 5,706.96 555,557.75 101.01 Citigrou 550,000.00 17305EHA6CCCIT 2025-A1 A DTD 06/26/2025 4.300% 06/21/2030

3.90 2.44
51,222.61 4.03 51,373.61 6,580,554.36 6,526,467.13 Security Type Sub-Total 1.23

Page 21 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
55,697,510.57 55,348,130.94 1,066,824.98 598,318.28 3.91 Managed Account Sub-Total 2.46 Joint Powers Authority

0.00 0.00 1,124,172.64 1.00 1,124,172.64 CAMP Pool 0.00 1,124,172.64 1,124,172.64 0.00 0.00 Liquid Sub-Total 0.00 Total Investments $56,901,854.46
$429,550.88
$56,472,303.58
Accrued Interest
Securities Sub-Total $56,821,683.21 $1,066,824.98 $598,318.28 3.91% 2.46

Page 22 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed 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
10/06/25 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 (997,242.19) (7,544.33) (1,004,786.52) 975,000.00 10/01/25 (7,544.33) (1,004,786.52)(997,242.19) 975,000.00 Transaction Type Sub-Total

INTEREST
10/01/25 CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 0.00 4,950.00 4,950.00 10/01/25
10/25/25 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 1,104.90 1,104.90 10/01/25
10/25/25 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,975.00 1,975.00 10/01/25
10/25/25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,515.63 1,515.63 10/01/25
10/25/25 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 1,113.75 1,113.75 10/01/25
10/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,718.70 1,718.70 10/01/25
10/25/25 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 0.00 1,873.99 1,873.99 10/01/25
10/25/25 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,477.67 1,477.67 10/01/25
10/25/25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 3,100.00 3,100.00 10/01/25
10/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 0.00 1,829.99 1,829.99 10/01/25
10/25/25 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 0.00 698.25 698.25 10/01/25
10/25/25 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 2,000.00 2,000.00 10/01/25
10/25/25 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 760.35 760.35 10/01/25
10/25/25 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 10/01/25

Page 23 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Security Transactions & Interest

INTEREST
10/25/25 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 0.00 1,730.67 1,730.67 10/01/25
10/25/25 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 2,208.71 2,208.71 10/01/25
10/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 2,144.92 2,144.92 10/01/25
10/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 0.00 536.57 536.57 10/01/25
10/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,015.29 1,015.29 10/01/25
10/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 0.00 1,545.96 1,545.96 10/01/25
10/25/25 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 1,486.38 1,486.38 10/01/25
10/04/25 ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 0.00 9,000.00 9,000.00 10/04/25
10/15/25 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 0.00 1,754.08 1,754.08 10/15/25
10/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 139.52 139.52 10/15/25
10/15/25 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 0.00 1,437.92 1,437.92 10/15/25
10/15/25 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 1,149.33 1,149.33 10/15/25
10/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,209.43 1,209.43 10/15/25
10/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 308.24 308.24 10/15/25
10/15/25 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 2,157.37 2,157.37 10/15/25
10/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 451.98 451.98 10/15/25
10/15/25 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 0.00 678.58 678.58 10/15/25

Page 24 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Security Transactions & Interest

INTEREST
10/15/25 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 0.00 771.08 771.08 10/15/25
10/15/25 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 0.00 1,804.83 1,804.83 10/15/25
10/15/25 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 0.00 2,190.83 2,190.83 10/15/25
10/15/25 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,010.63 1,010.63 10/15/25
10/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 747.00 747.00 10/15/25
10/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 263.76 263.76 10/15/25
10/15/25 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,786.92 1,786.92 10/15/25
10/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 169.44 169.44 10/15/25
10/15/25 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 0.00 897.92 897.92 10/15/25
10/15/25 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 0.00 397.71 397.71 10/15/25
10/15/25 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,741.50 1,741.50 10/15/25
10/16/25 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 0.00 321.00 321.00 10/16/25
10/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 298.94 298.94 10/16/25
10/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 989.31 989.31 10/18/25
10/20/25 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 0.00 1,559.71 1,559.71 10/20/25
10/20/25 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 0.00 290.00 290.00 10/20/25
10/20/25 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 0.00 384.17 384.17 10/20/25

Page 25 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Security Transactions & Interest

INTEREST
10/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 351.53 351.53 10/21/25
10/23/25 WELLS FARGO & COMPANY
(CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
95000U3T8 0.00 9,940.00 9,940.00 10/23/25
10/24/25 STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
857477DB6 0.00 4,834.00 4,834.00 10/24/25
10/27/25 TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 0.00 25,690.00 25,690.00 10/27/25
110,729.42 110,729.42 0.00 Transaction Type Sub-Total

MATURITY
10/27/25 TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 450,000.00 0.00 450,000.00 0.00 0.00 450,000.00 10/27/25

0.00 0.00 0.00 450,000.00 450,000.00 450,000.00 Transaction Type Sub-Total

PAYDOWNS
10/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 59.76 0.00 59.76 1.01 0.57 59.76 10/01/25 10/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 39,863.63 0.00 39,863.63 1,650.61 187.99 39,863.63 10/01/25 10/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 1,268.54 0.00 1,268.54 0.01 0.01 1,268.54 10/01/25 10/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 562.86 0.00 562.86 0.01 0.00 562.86 10/01/25 10/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 63.65 0.00 63.65 0.00 0.00 63.65 10/01/25 10/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 400.08 0.00 400.08 12.32 4.05 400.07 10/01/25 10/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 19,441.89 0.00 19,441.89 1.20 0.69 19,441.89 10/15/25 10/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 8,144.62 0.00 8,144.62 0.82 0.37 8,144.62 10/15/25

Page 26 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Managed Account Security Transactions & Interest

PAYDOWNS
10/15/25 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 245,000.00 0.00 245,000.00 38.44 15.53 245,000.00 10/15/25 10/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 11,681.01 0.00 11,681.01 0.01 0.00 11,681.01 10/15/25 10/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 6,439.00 0.00 6,439.00 0.67 0.32 6,439.00 10/15/25 10/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 8,520.41 0.00 8,520.41 0.20 0.06 8,520.41 10/15/25 10/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 5,998.11 0.00 5,998.11 1.24 0.42 5,998.11 10/15/25 10/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 12,411.76 0.00 12,411.76 2.04 0.77 12,411.76 10/16/25 10/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 17,841.60 0.00 17,841.60 3.68 1.91 17,841.60 10/18/25 10/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 4,983.59 0.00 4,983.59 0.88 0.53 4,983.59 10/21/25

0.00 213.22 1,713.14 382,680.51 382,680.51 382,680.50 Transaction Type Sub-Total (164,561.68) 103,185.09 (61,376.59) 1,713.14 213.22 Managed Account Sub-Total Total Security Transactions $1,713.14 ($61,376.59)$103,185.09 ($164,561.68) $213.22

Page 27 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
1,187,493.79 Opening Balance
10/01/25 10/01/25 Purchase - Interest 808513BW4 1.00 4,950.00 1,192,443.79 10/06/25 10/06/25 Purchase - Interest 00724PAF6 1.00 9,000.00 1,201,443.79 10/06/25 10/06/25 Redemption - Principal 91282CMG3 1.00 (997,242.19) 204,201.60 10/06/25 10/06/25 Redemption - Interest 91282CMG3 1.00 (7,544.33) 196,657.27 10/15/25 10/15/25 Purchase - Interest 02582JJZ4 1.00 771.08 197,428.35 10/15/25 10/15/25 Purchase - Interest 02582JKD1 1.00 1,786.92 199,215.27 10/15/25 10/15/25 Purchase - Interest 02582JKH2 1.00 2,157.37 201,372.64 10/15/25 10/15/25 Purchase - Interest 05522RDG0 1.00 678.58 202,051.22 10/15/25 10/15/25 Purchase - Interest 05522RDH8 1.00 747.00 202,798.22 10/15/25 10/15/25 Purchase - Interest 05522RDK1 1.00 897.92 203,696.14 10/15/25 10/15/25 Purchase - Interest 14041NGB1 1.00 1,010.63 204,706.77 10/15/25 10/15/25 Purchase - Interest 14041NGD7 1.00 1,804.83 206,511.60 10/15/25 10/15/25 Purchase - Interest 14318MAD1 1.00 139.52 206,651.12 10/15/25 10/15/25 Purchase - Interest 161571HT4 1.00 1,741.50 208,392.62 10/15/25 10/15/25 Purchase - Interest 254683CY9 1.00 1,149.33 209,541.95 10/15/25 10/15/25 Purchase - Interest 254683CZ6 1.00 1,437.92 210,979.87 10/15/25 10/15/25 Purchase - Interest 31680EAD3 1.00 1,209.43 212,189.30 10/15/25 10/15/25 Purchase - Interest 344928AD8 1.00 263.76 212,453.06 10/15/25 10/15/25 Purchase - Interest 41285JAD0 1.00 308.24 212,761.30 10/15/25 10/15/25 Purchase - Interest 437921AD1 1.00 397.71 213,159.01 10/15/25 10/15/25 Purchase - Interest 58773DAD6 1.00 2,190.83 215,349.84

Page 28 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
10/15/25 10/15/25 Purchase - Interest 65480JAC4 1.00 169.44 215,519.28 10/15/25 10/15/25 Purchase - Interest 891940AC2 1.00 451.98 215,971.26 10/15/25 10/15/25 Purchase - Interest 92970QAJ4 1.00 1,754.08 217,725.34 10/15/25 10/15/25 Purchase - Principal 14318MAD1 1.00 8,520.41 226,245.75 10/15/25 10/15/25 Purchase - Principal 41285JAD0 1.00 8,144.62 234,390.37 10/15/25 10/15/25 Purchase - Principal 344928AD8 1.00 6,439.00 240,829.37 10/15/25 10/15/25 Purchase - Principal 65480JAC4 1.00 5,998.11 246,827.48 10/15/25 10/15/25 Purchase - Principal 31680EAD3 1.00 19,441.89 266,269.37 10/15/25 10/15/25 Purchase - Principal 891940AC2 1.00 11,681.01 277,950.38 10/15/25 10/15/25 Purchase - Principal 14041NGB1 1.00 245,000.00 522,950.38 10/16/25 10/16/25 Purchase - Interest 362549AD9 1.00 321.00 523,271.38 10/16/25 10/16/25 Purchase - Interest 36265QAD8 1.00 298.94 523,570.32 10/16/25 10/16/25 Purchase - Principal 36265QAD8 1.00 12,411.76 535,982.08 10/20/25 10/20/25 Purchase - Interest 05594BAD8 1.00 290.00 536,272.08 10/20/25 10/20/25 Purchase - Interest 43815QAC1 1.00 989.31 537,261.39 10/20/25 10/20/25 Purchase - Interest 73329KAD8 1.00 384.17 537,645.56 10/20/25 10/20/25 Purchase - Interest 92348KDY6 1.00 1,559.71 539,205.27 10/20/25 10/20/25 Purchase - Principal 43815QAC1 1.00 17,841.60 557,046.87 10/21/25 10/21/25 Purchase - Interest 438123AC5 1.00 351.53 557,398.40 10/21/25 10/21/25 Purchase - Principal 438123AC5 1.00 4,983.59 562,381.99 10/23/25 10/23/25 Purchase - Interest 95000U3T8 1.00 9,940.00 572,321.99 10/24/25 10/24/25 Purchase - Interest 857477DB6 1.00 4,834.00 577,155.99

Page 29 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
10/27/25 10/27/25 Purchase - Interest 3137BXQY1 1.00 1,477.67 578,633.66 10/27/25 10/27/25 Purchase - Interest 3137F1G44 1.00 1,486.38 580,120.04 10/27/25 10/27/25 Purchase - Interest 3137HACX2 1.00 2,208.71 582,328.75 10/27/25 10/27/25 Purchase - Interest 3137HAD45 1.00 1,718.70 584,047.45 10/27/25 10/27/25 Purchase - Interest 3137HAMH6 1.00 3,100.00 587,147.45 10/27/25 10/27/25 Purchase - Interest 3137HAMS2 1.00 2,000.00 589,147.45 10/27/25 10/27/25 Purchase - Interest 3137HAQ74 1.00 1,975.00 591,122.45 10/27/25 10/27/25 Purchase - Interest 3137HAST4 1.00 1,515.63 592,638.08 10/27/25 10/27/25 Purchase - Interest 3137HB3D4 1.00 760.35 593,398.43 10/27/25 10/27/25 Purchase - Interest 3137HB3G7 1.00 1,113.75 594,512.18 10/27/25 10/27/25 Purchase - Interest 3137HBC69 1.00 1,545.96 596,058.14 10/27/25 10/27/25 Purchase - Interest 3137HBLV4 1.00 1,104.90 597,163.04 10/27/25 10/27/25 Purchase - Interest 3137HDJJ0 1.00 2,144.92 599,307.96 10/27/25 10/27/25 Purchase - Interest 3137HDV56 1.00 1,730.67 601,038.63 10/27/25 10/27/25 Purchase - Interest 3137HDXL9 1.00 1,873.99 602,912.62 10/27/25 10/27/25 Purchase - Interest 3137HKXJ8 1.00 698.25 603,610.87 10/27/25 10/27/25 Purchase - Interest 89115B6K1 1.00 25,690.00 629,300.87 10/27/25 10/27/25 Purchase - Interest 3136BQDE6 1.00 1,829.99 631,130.86 10/27/25 10/27/25 Purchase - Interest 3137BNGT5 1.00 536.57 631,667.43 10/27/25 10/27/25 Purchase - Interest 3137BSP72 1.00 1,215.96 632,883.39 10/27/25 10/27/25 Purchase - Interest 3137BTUM1 1.00 1,015.29 633,898.68 10/27/25 10/27/25 Purchase - Principal 89115B6K1 1.00 450,000.00 1,083,898.68

Page 30 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
10/27/25 10/27/25 Purchase - Principal 3137BNGT5 1.00 39,863.63 1,123,762.31 10/27/25 10/27/25 Purchase - Principal 3136BQDE6 1.00 59.76 1,123,822.07 10/27/25 10/27/25 Purchase - Principal 3137HAD45 1.00 562.86 1,124,384.93 10/27/25 10/27/25 Purchase - Principal 3137HDJJ0 1.00 63.65 1,124,448.58 10/27/25 10/27/25 Purchase - Principal 3137HBC69 1.00 1,268.54 1,125,717.12 10/27/25 10/27/25 Purchase - Principal 3137BTUM1 1.00 400.07 1,126,117.19 10/28/25 10/28/25 Purchase-Principal 3137BTUM1 1.00 400.08 1,126,517.27 10/28/25 10/28/25 Redemption-Principal 3137BTUM1 1.00 (400.07) 1,126,117.20 10/30/25 10/30/25 IP Fees September 2025 1.00 (4,059.25) 1,122,057.95 10/30/25 10/30/25 U.S. Bank Fees August 2025 1.00 (223.29) 1,121,834.66 10/31/25 11/03/25 Accrual Income Div Reinvestment - Distributions 1.00 2,337.98 1,124,172.64

Page 31 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending October 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate 1,124,172.64
1,124,172.64
1,124,172.64
645,450.73
11,469.78

0.00 (20,256,986.22)
21,111,238.94
269,919.92
2,337.98
1,124,172.64

0.00 (1,009,469.13)
946,147.98
1,187,493.79
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

4.26%

Page 32 ends

U.S. Bancorp Asset Management, Inc.

Review of Investment Performance

CAMP Accounts

Investment Performance Review
For the Quarter Ended September 30, 2025
Client Management Team
PFM Asset Management
A division of U.S. Bancorp Asset Management, Inc
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com
Market Update
PFM Asset Management | pfmam.com 2
Current Market Themes
▸ U.S. economy has been resilient but a cooling labor market presents risk ▹ Net new job creation neared zero as employers follow a “no hire, no fire” approach ▹ Inflation accelerated but Fed expects further price pressures to be short-lived ▹ Uncertainty eased as tariff and fiscal announcements were digested Source: Details on market themes and economic indicators provided throughout the body of the presentation. Bloomberg Finance L.P., as of September 30, 2025. ▸ Fed cut rates for the first time in 2025
▹ Fed Chair Powell acknowledged the difficulty in balancing the risks affecting labor markets and inflation, but noted risks to the labor market were the Fed's focus ▹ The Fed’s September “dot plot” signals 50 bps in additional cuts for 2025, though views remain split, with 7 members favoring no additional cuts in 2025 ▸ Treasury yields moved lower across the curve in Q3
▹ Front end Treasury yields moved lower on Fed rate cut expectations ▹ Yields settled into a narrow trading range as market volatility eased ▹ Credit spreads continued to tighten and neared historically narrow levels For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 3
The Fed's Dual Mandate Remains Complicated
Fed Chair Powell: “[T]he increase in goods prices accounts for most … or perhaps all of the increase in inflation over the course of this year. ”
Factors Influencing Slower Than Expected
Pass-Through of Goods Inflation
Source: FOMC Chair Jerome Powell Press Conference, September 17, 2025. Bureau of Economic Analysis, and Bloomberg Finance L.P., as of August 2025 (left). Survey responses after Aug-25

2.9%
Dec-25

3.2%
Mar-26

3.0%
Sep-26

2.7%
1%
2%
3%
4%
5%
Sep-23 Sep-24 Sep-25 Sep-26
Core PCE Inflation (YoY)
Mean Forecast Actual
For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
September 26, 2025, included in mean and forecast range.

PFM Asset Management | pfmam.com 4
177k
34k
29k
14k
13k
11k 0k 0k
-4k
-10k
-13k
-15k
-31k
-32k
-34k
-51k
0 50
100
150
200
250
300
Healthcare
State and Local Govt
Leisure & Hospitality
Transp & Warehousing
Retail Trade
Other Services
Utilities
Financial Activies
Private Education
Construction
Mining & Logging
Information Technology
Manufacturing
Wholesale Trade
Federal Govt
Pro & Biz Services
Thousand
Cumulative Job Growth
Jun-25 through Aug-25
The Fed's Dual Mandate Remains Complicated
Fed Chair Powell: “Labor demand has softened, and the recent pace of job creation appears to be running below the break-even rate needed to hold the unemployment rate constant.” Aug-25

4.3%
Dec-25

4.4%
Mar-26

4.4%
Sep-26

4.4%
3%
4%
5%
Sep-23 Sep-24 Sep-25 Sep-26
Unemployment Rate
Mean Forecast Actual
Month Payrolls
June ’25 -13k
July ’25 79k
August ’25 22k
Avg.
29k
Source: FOMC Chair Jerome Powell Press Conference, September 17, 2025. Bureau of Labor Statistics, and Bloomberg Finance L.P., as of August 2025. Data is seasonally adjusted.

For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
Survey responses after September 26, 2025, included in mean and forecast range.

PFM Asset Management | pfmam.com 5
▸ Slower tariff-based inflation
passthrough
▸ Stabilizing credit card
delinquencies
▸ Corporate fundamentals
▸ Easing Fed Policy
▸ Resilient consumer spending
▸ Positive real disposable
personal income growth
▸ Fiscal tailwinds to business
investment

0.4%

0.0%

1.6%

1.2%

0.8%

2.4%

2.0%

3.2%

2.8%
1Q '24
2Q '24
3Q '24
4Q '24
1Q '25
2Q '25
3QTD '25
Personal Consumption
Quarter-Over-Quarter Change
0%
2%
4%
6%
8%
10%
12%
2003
2005
2007
2009
2011
2013
2015
2017
2019
2021
2023
2025
Credit Card Delinquencies
90+ Days
PositiveNeutralNegative
▸ Net new job creation nears zero
▸ Sticky services inflation
▸ Increasing retail credit card
balances
▸ Rising student loan
delinquencies
▸ Planned federal spending cuts
Nonfarm Payrolls
Cumulative Quarterly
0K
100K
200K
300K
400K
500K
600K
700K
1Q '24
2Q '24
3Q '24
4Q '24
1Q '25
2Q '25
3QTD '25
Economic Uncertainty Challenges Outlook
For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
Sources: Bloomberg Finance L.P., Bureau of Labor Statistics as of August 2025, Federal Reserve Bank of New York as of June 2025, and Bureau of Economic Analysis as of August 2025.

PFM Asset Management | pfmam.com 6

3.6% 3.4% 3.1% 3.1% 3.0%
0%
1%
2%
3%
4%
5%
2025 2026 2027 2028 Longer
Run
Jun Projections Sep Projections

3.0%

2.6%

2.1% 2.0% 2.0%
4%
3%
3%
2%
2%
1%
1%
0%
4%
2025 2026 2027 2028 Longer
Run
Sep Projections
2026 2027
PCE Inflation
Jun Projections

4.5% 4.4% 4.3% 4.2% 4.2%
2026 2027
Federal Funds Rate
0%
1%
2%
3%
4%
5%
6%
2025 2028 Longer
Run
Unemployment Rate
Jun Projections Sep Projections

1.6%

1.8% 1.9% 1.8% 1.8%
0%
1%
2%
3%
2025 2028 Longer
Run
Change in Real GDP
Jun Projections Sep Projections
Fed’s Updated Summary of Economic Projections
Fed Chair Powell: “[I]t's a difficult situation because we have risks that are both affecting the labor market and inflation, our two goals … When they're both at risk, we have to balance them” For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
Source: FOMC Chair Jerome Powell Press Conference as of September 17, 2025. September 2025 was the first projection period for calendar year 2028.

PFM Asset Management | pfmam.com 7
0%
1%
2%
The Latest Fed “Dot Plot”
Fed Chair Powell: “[T]here are no risk-free paths now. It's not incredibly obvious what to do… [A]nd you'll see that there are just a range of views on what to do.”
Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy 5%
No additional
cuts in ’25
4%
2 additional
cuts in ’25
3%
Sep-25 FOMC Projections
Jun-25 Median
Sep-25 Median
Longer Term

3.0%
2025
2 additional
cuts
2026
1 cut
2027
1 cut
2028
0 cuts
Source: Federal Reserve and FOMC Chair Jerome Powell Press Conference, as of September 17, 2025. Bloomberg Finance L.P.. Individual dots represent each Fed members’ judgement of For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
the midpoint of the appropriate target range for the federal funds rate at each year-end.

PFM Asset Management | pfmam.com 8
Front End Treasury Yields Move Lower
U.S. Treasury Yield Curve

3.93%

3.61%

3.74%

3.93%

4.15%

4.73%

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%Yield
Maturity
1 Year Range
September 30, 2025
June 30, 2025
3mo 2yr 5yr 7yr 10yr 20yr 30yr
For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
Source: Bloomberg Finance L.P., as of September 30, 2025.

PFM Asset Management | pfmam.com 9

3.61%
0%
1%
2% 1.91%
3%
4%
5%
6%
2005 2010 2015 2020 2025
2-Year Treasury
2-Year Treasury Yield
5-Year Avg 10-Year Avg 20-Year Avg

3.04%

2.25%
Treasury Yields Remain Above Historical Averages
For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
Source: Bloomberg Finance L.P., as of September 30, 2025.

PFM Asset Management | pfmam.com 10
-0.1%
Jun-25

0.0%

0.1%

0.2%
Jul-25 Aug-25 Sep-25
Federal Agency Yield Spreads
Bullet Callable 1 Year Average

0.2%

0.4%

0.6%

0.8%

1.0%
Jun-25 Jul-25 Aug-25 Sep-25
Corporate Notes A-AAA Yield Spreads
1-5 Yr. AAA-A Corp 1 Year Average

0.2%

0.4%

0.6%

0.8%

1.0%
Jun-25 Jul-25 Aug-25 Sep-25
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index 1 Year Average
2 bps 50 bps
42 bps

0.2%

0.4%

0.6%

0.8%

1.0%
Jun-25 Jul-25 Aug-25 Sep-25
Asset-Backed Securities AAA Yield Spreads
AAA ABS 1 Year Average
Sector Yield Spreads
For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
Source: ICE BofA 1-5 year Indices via Bloomberg Finance L.P. and PFMAM as of September 30, 2025. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.

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

PFM Asset Management | pfmam.com 11
Fixed-Income Index Total Returns in 3Q 2025
1-5 Year Indices

1.14% 1.20%

1.56%

1.37%

1.76%

0.0%

2.0%

4.0%

6.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
Third Quarter 2025 Returns

3.77%

4.11%

4.78% 4.85%

5.45%

0.0%

2.0%

4.0%

6.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-Year Return
For the Quarter Ended September 30, 2025
Market UpdateCITY OF LAKE ELSINORE
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of September 30, 2025.

PFM Asset Management | pfmam.com 12
Portfolio Review
PFM Asset Management | pfmam.com 13

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Portfolio Snapshot

1. Total market value includes accrued interest and balances invested in CAMP, as of September 30, 2025.

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.

Portfolio Snapshot - CAMP-LAKE ELSINORE CITY FUNDS¹
Credit Quality - S&P
12%
41%
1%5%
34%
30% 27%
23%
11%
10%
0%
20% 15%
50%
40%
30%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 45%
Corporate | 21%
Agency CMBS | 16%
ABS | 12%
Joint Powers Authority | 2%
Negotiable CD | 2%
Federal Agency | 1%
Municipal | 1%
Sector Allocation
AAA | 10%
AAAm | 2%
AA+ | 63%
AA | 1%
AA- | 4%
A-1+ | 1%
A+ | 5%
A | 5%
A- | 5%
BBB+ | 1%
Not Rated | 3%
Portfolio Statistics
Total Market Value
Managed Account Sub-Total
Accrued Interest
Pool
Portfolio Effective Duration
Benchmark Effective Duration
Yield At Cost
Yield At Market
Portfolio Credit Quality
PFM Asset Management | pfmam.com
$56,695,940.44
$55,141,743.51
$366,703.14
$1,187,493.79

2.47 years

2.48 years

4.25%

3.87%
AA
14 CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Account Summary

2.1%

12.3%

21.4%

1.6%

0.5%

15.6%

1.1%

45.4%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
CAMP - $1,187,494
ABS - $6,947,527
Corporate - $12,118,987
Negotiable CD - $934,827
Municipal - $288,636
Agency CMBS - $8,837,141
Federal Agency - $648,887
U.S. Treasury - $25,732,441
Portfolio Allocation Sector Limit for Analysis*
PFM Asset Management | 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. 15 CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
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").

PFM Asset Management | pfmam.com
Certificate of Compliance
During the reporting period for the quarter ended September 30, 2025, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. 16 CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Portfolio Activity
Portfolio Activity - CAMP-LAKE ELSINORE CITY FUNDS
Net Activity by Sector
($ millions)
Federal Agency
Corporate
Municipal
ABS
Agency CMBS
U.S. Treasury
($4.0) $4.0 $6.0($2.0) $0.0
Sales/Maturities
$2.0
Purchases
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
U.S. Treasury $2,255,755
Agency CMBS ($33,036)
ABS ($297,931)
Municipal ($540,000)
Corporate ($675,000)
Federal Agency ($1,200,000)
Total Net Activity ($490,211)
PFM Asset Management | pfmam.com 17

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Portfolio Characteristics
Historical Sector Allocation - CAMP-LAKE ELSINORE CITY FUNDS 42%
3%
16%
2%
23%
13%
1%
Jun-25
45%
2%
16%
21%
12%
2%
Sep-25
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM.

PFM Asset Management | pfmam.com
2% 1%
1%
18 CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Portfolio Performance

1. 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.

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

3. 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.

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

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%
Return
Portfolio Performance
Portfolio Benchmark
PFM Asset Management | pfmam.com
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned² $497,407 $1,886,457 $4,315,875 $5,212,956 $8,398,262 Change in Market Value $218,358 $438,880 $2,890,258 ($178,217) $1,086,385 Total Dollar Return $715,765 $2,325,337 $7,206,133 $5,034,739 $9,484,647 Total Return³
Portfolio 1.27% 4.27% 4.86% 1.47% 2.01%
Benchmark⁴ 1.14% 3.77% 4.42% 1.12% 1.65%
3 Months 1 Year 3 Years 5 Years 10 Years
Difference 0.13% 0.50% 0.44% 0.35% 0.36%
19 CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Portfolio Performance

1. The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2010.

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

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

Accrual Basis Earnings - CAMP-LAKE ELSINORE CITY FUNDS
Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned² $497,407 $1,886,457 $4,315,875 $5,212,956 $8,398,262 Realized Gains / (Losses)³ $77,106 $61,687 ($1,006,747) ($926,739) ($428,641) Change in Amortized Cost $87,261 $343,345 $1,094,924 $959,033 $939,373 Total Earnings $661,773 $2,291,489 $4,404,052 $5,245,250 $8,908,994 PFM Asset Management | pfmam.com 20
Issuer Distribution
PFM Asset Management | pfmam.com 21

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Portfolio Summary
Issuer Diversification
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.

PFM Asset Management | pfmam.com
Federal National Mortgage Association 1.2% AA / Aa / AA Agency CMBS 15.9%
Federal Home Loan Mortgage Corp
Federal National Mortgage Association

15.0%

1.0%
AA / Aa / AA
AA / Aa / AA
Municipal 0.5%
California State University 0.2% AA / Aa / NR
State of California 0.4% AA / Aa / AA
Negotiable CD 1.7%
Nordea Bank Abp 0.8% AA / Aa / AA
Toronto-Dominion Bank 0.9% A / A / NR
Security Type / Issuer Market Value (%) S&P / Moody's / Fitch Security Type / Issuer Market Value (%) S&P / Moody's / Fitch U.S. Treasury 46.4% Corporate 21.8%
United States Treasury 46.4% AA / Aa / AA Charles Schwab Corp 0.5% A / A / A Federal Agency 1.2% Cisco Systems Inc 0.8% AA / A / NR
Bank of New York Mellon Corp 0.8% A / Aa / AA
Bayerische Motoren Werke AG 0.3% A / A / NR
Berkshire Hathaway Inc 0.8% AA / Aa / A
BlackRock Inc 1.4% AA / Aa / NR
Bristol-Myers Squibb Co 0.7% A / A / NR
Caterpillar Inc 0.4% A / A / A
Citigroup Inc
Deere & Co
Home Depot Inc
Honda Motor Co Ltd
Lockheed Martin Corp
Mars Inc
Microsoft Corp
Morgan Stanley
National Australia Bank Ltd
National Rural Utilities Cooperative Fi
PACCAR Inc

1.4%

0.7%

0.1%

0.2%

1.3%

1.0%

0.9%

0.6%

0.7%
A / Aa / A

A / A / A

A / A / NR

A / A / A

A / A / NR
AAA / Aaa / NR
A / Aa / AA
AA / Aa / NR

A / A / A

A / A / NR
Corporate 21.8% State Street Corp 0.4% A / Aa / AA
Adobe Inc 0.7% A / A / NR Target Corp 0.1% A / A / A
Air Products and Chemicals Inc 0.6% A / A / NR Texas Instruments Inc 0.2% A / Aa / NR American Express Co 0.5% A / A / A Toyota Motor Corp 0.7% A / A / A Analog Devices Inc 0.7% A / A / A UnitedHealth Group Inc 0.4% A / A / A Apple Inc 1.4% AA / Aaa / NR Wells Fargo & Co 0.8% BBB / A / A Bank of America Corp 1.1% A / A / AA ABS 12.5%
American Express Co 2.0% AAA / NR / AAA
BA Credit Card Trust 1.1% AAA / Aaa / AAA
Bank of America Corp 0.1% NR / Aaa / AAA
Capital One Financial Corp 1.3% AAA / NR / AAA
CarMax Inc 0.1% AAA / NR / AAA
Citigroup Inc 1.0% AAA / Aaa / NR
22 CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Portfolio Summary
Issuer Diversification
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.

PFM Asset Management | pfmam.com
Security Type / Issuer Market Value (%) S&P / Moody's / Fitch ABS 12.5%
Discover Card Execution Note Trust 1.2% AAA / Aaa / AAA Fifth Third Auto Trust 0.5% AAA / Aaa / NR
Ford Credit Auto Owner Trust 0.1% AAA / NR / AAA
GM Financial Consumer Automobile Receiv 0.3% AAA / Aaa / AAA Harley-Davidson Inc 0.1% NR / Aaa / AAA
Honda Auto Receivables Owner Trust 0.7% AAA / Aaa / AAA JPMorgan Chase & Co 0.7% AAA / NR / AAA
Mercedes-Benz Auto Receivables Trust 1.0% NR / Aaa / AAA Nissan Auto Receivables Owner Trust 0.1% AAA / Aaa / NR Porsche Innovative Lease Owner 0.2% AAA / NR / AAA
Toyota Auto Receivables Owner Trust 0.2% AAA / NR / AAA Verizon Master Trust 0.8% NR / Aaa / AAA
WF Card Issuance Trust 0.9% AAA / NR / AAA
Total 100.0%
23 Portfolio Transactions
PFM Asset Management | pfmam.com 24
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV) BUY
7/1/2025 7/3/2025 600,000.00 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 589,213.66 3.75% 8/1/2025 8/5/2025 925,000.00 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 905,177.23 3.94% 9/2/2025 9/5/2025 3,900,000.00 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 3,864,729.11 3.67% Total BUY 5,425,000.00 5,359,120.00 0.00

INTEREST
7/1/2025 7/25/2025 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 7/1/2025 7/25/2025 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,558.85 7/1/2025 7/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,020.53 7/1/2025 7/25/2025 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 7/1/2025 7/25/2025 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 7/1/2025 7/25/2025 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,724.23 7/1/2025 7/25/2025 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 7/1/2025 7/25/2025 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 7/1/2025 7/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 564.76 7/1/2025 7/25/2025 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 7/1/2025 7/25/2025 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 7/1/2025 7/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 25
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
7/1/2025 7/25/2025 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 7/1/2025 7/25/2025 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 7/1/2025 7/25/2025 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 7/1/2025 7/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 7/1/2025 7/25/2025 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 7/1/2025 7/25/2025 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 7/1/2025 7/25/2025 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,830.54 7/1/2025 7/25/2025 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,201.38 7/1/2025 7/1/2025 341271AD6 FLORIDA ST BRD OF ADM 1.25% 7/1/2025 1,949.90 7/8/2025 7/8/2025 14913R2U0 CATERPILLAR FINL SERVICE 1.70% 1/8/2027 1,912.50 7/12/2025 7/12/2025 89236TKQ7 TOYOTA MOTOR CREDIT CORP 4.62% 1/12/2028 8,671.88 7/14/2025 7/14/2025 61690U8E3 MORGAN STANLEY BANK NA (CALLABLE) 4.96% 7/14/2028 13,041.00 7/14/2025 7/14/2025 24422EXB0 JOHN DEERE CAPITAL CORP 4.95% 7/14/2028 9,281.25 7/15/2025 7/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 7/15/2025 7/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 236.92 7/15/2025 7/15/2025 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 7/15/2025 7/15/2025 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 26
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
7/15/2025 7/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 7/15/2025 7/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 7/15/2025 7/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 987.71 7/15/2025 7/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 7/15/2025 7/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 7/15/2025 7/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 7/15/2025 7/15/2025 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 7/15/2025 7/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 2,046.43 7/15/2025 7/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 343.98 7/15/2025 7/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 593.06 7/15/2025 7/15/2025 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 7/15/2025 7/15/2025 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 7/15/2025 7/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,485.96 7/15/2025 7/15/2025 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 7/15/2025 7/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 228.87 7/15/2025 7/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 421.97 7/15/2025 7/15/2025 87612EBM7 TARGET CORP (CALLABLE) 1.95% 1/15/2027 390.00 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 27
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
7/16/2025 7/16/2025 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 456.68 7/16/2025 7/16/2025 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 0.12 7/16/2025 7/16/2025 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 7/18/2025 7/18/2025 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,252.53 7/20/2025 7/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 7/20/2025 7/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 7/20/2025 7/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 7/21/2025 7/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 401.63 7/26/2025 7/26/2025 06406RBA4 BANK OF NY MELLON CORP (CALLABLE) 2.05% 1/26/2027 4,868.75 7/27/2025 7/27/2025 459200KS9 IBM CORP 4.00% 7/27/2025 4,500.00 8/1/2025 8/1/2025 60412AK85 MINNESOTA ST-F-UNREF 0.63% 8/1/2025 315.00 8/1/2025 8/1/2025 798306WP7 SAN JUAN CA UNIF SCH 0.85% 8/1/2025 553.80 8/1/2025 8/1/2025 06051GFS3 BANK OF AMERICA CORP 3.87% 8/1/2025 4,359.38 8/1/2025 8/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 552.08 8/1/2025 8/25/2025 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 8/1/2025 8/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,018.32 8/1/2025 8/25/2025 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,722.21 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 28
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
8/1/2025 8/25/2025 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 8/1/2025 8/25/2025 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 8/1/2025 8/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 8/1/2025 8/25/2025 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 8/1/2025 8/25/2025 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 8/1/2025 8/25/2025 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,145.34 8/1/2025 8/25/2025 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,553.79 8/1/2025 8/25/2025 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,834.07 8/1/2025 8/25/2025 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 8/1/2025 8/25/2025 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 8/1/2025 8/25/2025 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 8/1/2025 8/25/2025 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 8/1/2025 8/25/2025 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 8/1/2025 8/25/2025 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 8/1/2025 8/25/2025 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 8/1/2025 8/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 8/6/2025 8/6/2025 594918BY9 MICROSOFT CORP (CALLABLE) 3.30% 2/6/2027 12,375.00 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 29
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
8/7/2025 8/7/2025 637432NP6 NATIONAL RURAL UTIL COOP (CALLABLE) 3.40% 2/7/2028 5,950.00 8/8/2025 8/8/2025 009158BH8 AIR PRODUCTS & CHEMICALS (CALLABLE) 4.60% 2/8/2029 7,820.00 8/12/2025 8/12/2025 05565EBW4 BMW US CAPITAL LLC (CALLABLE) 1.25% 8/12/2026 1,093.75 8/15/2025 8/15/2025 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 8/15/2025 8/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 8/15/2025 8/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 384.66 8/15/2025 8/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 199.39 8/15/2025 8/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 1,754.08 8/15/2025 8/15/2025 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 8/15/2025 8/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 8/15/2025 8/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 215.99 8/15/2025 8/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 8/15/2025 8/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 897.92 8/15/2025 8/15/2025 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 8/15/2025 8/15/2025 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 8/15/2025 8/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 8/15/2025 8/15/2025 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 30
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
8/15/2025 8/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 8/15/2025 8/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 316.81 8/15/2025 8/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 8/15/2025 8/15/2025 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 8/15/2025 8/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 545.36 8/15/2025 8/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,391.46 8/15/2025 8/15/2025 882508BV5 TEXAS INSTRUMENTS INC (CALLABLE) 4.60% 2/15/2028 1,955.00 8/16/2025 8/16/2025 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 8/16/2025 8/16/2025 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 405.01 8/18/2025 8/18/2025 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,163.21 8/20/2025 8/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 8/20/2025 8/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 8/20/2025 8/20/2025 110122DE5 BRISTOL-MYERS SQUIBB CO (CALLABLE) 3.90% 2/20/2028 7,312.50 8/20/2025 8/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 8/21/2025 8/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 401.63 8/25/2025 8/25/2025 3135G05X7 FANNIE MAE 0.37% 8/25/2025 656.25 8/26/2025 8/26/2025 17275RBR2 CISCO SYSTEMS INC (CALLABLE) 4.85% 2/26/2029 10,185.00 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 31
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
8/28/2025 8/28/2025 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 356.73 8/31/2025 8/31/2025 91282CGP0 US TREASURY N/B 4.00% 2/29/2028 61,500.00 9/1/2025 9/1/2025 571676AY1 MARS INC (CALLABLE) 4.80% 3/1/2030 2,591.33 9/1/2025 9/1/2025 13063D3N6 CA ST 4.84% 3/1/2027 4,846.00 9/1/2025 9/25/2025 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 9/1/2025 9/25/2025 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,549.88 9/1/2025 9/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,016.22 9/1/2025 9/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 9/1/2025 9/25/2025 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 9/1/2025 9/25/2025 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 9/1/2025 9/25/2025 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 9/1/2025 9/25/2025 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 9/1/2025 9/25/2025 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,833.89 9/1/2025 9/25/2025 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 9/1/2025 9/25/2025 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 9/1/2025 9/25/2025 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 9/1/2025 9/25/2025 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,145.13 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 32
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
9/1/2025 9/25/2025 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 9/1/2025 9/25/2025 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,720.51 9/1/2025 9/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 9/1/2025 9/25/2025 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 9/1/2025 9/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 550.99 9/1/2025 9/25/2025 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 9/1/2025 9/25/2025 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 9/4/2025 9/4/2025 3130AK5E2 FEDERAL HOME LOAN BANK 0.37% 9/4/2025 281.25 9/4/2025 9/4/2025 025816CS6 AMERICAN EXPRESS CO (CALLABLE) 2.55% 3/4/2027 3,825.00 9/5/2025 9/5/2025 02665WFQ9 AMERICAN HONDA FINANCE 4.40% 9/5/2029 8,800.00 9/12/2025 9/12/2025 037833DB3 APPLE INC (CALLABLE) 2.90% 9/12/2027 11,237.50 9/14/2025 9/14/2025 09290DAA9 BLACKROCK FUNDING INC (CALLABLE) 4.70% 3/14/2029 18,212.50 9/15/2025 9/15/2025 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 9/15/2025 9/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 9/15/2025 9/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 9/15/2025 9/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 9/15/2025 9/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,297.23 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 33
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
9/15/2025 9/15/2025 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 9/15/2025 9/15/2025 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 9/15/2025 9/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 168.75 9/15/2025 9/15/2025 084664CZ2 BERKSHIRE HATHAWAY FIN (CALLABLE) 2.30% 3/15/2027 5,462.50 9/15/2025 9/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 497.25 9/15/2025 9/15/2025 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 9/15/2025 9/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 346.64 9/15/2025 9/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 897.92 9/15/2025 9/15/2025 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 9/15/2025 9/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 9/15/2025 9/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 191.25 9/15/2025 9/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 288.97 9/15/2025 9/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 9/15/2025 9/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 9/15/2025 9/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 1,754.08 9/15/2025 9/15/2025 002824BM1 ABBOTT LABORATORIES (CALLABLE) 3.87% 9/15/2025 4,359.38 9/15/2025 9/15/2025 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 34
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
9/16/2025 9/16/2025 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 350.73 9/16/2025 9/16/2025 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 9/18/2025 9/18/2025 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 1,074.24 9/20/2025 9/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 9/20/2025 9/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 9/20/2025 9/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 9/21/2025 9/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 376.39 9/23/2025 9/23/2025 3137EAEX3 FREDDIE MAC 0.37% 9/23/2025 1,312.50 9/29/2025 9/29/2025 17325FBB3 CITIBANK NA (CALLABLE) 5.80% 9/29/2028 21,761.25 Total INTEREST 0.00 413,723.97 0.00

MATURITY
7/1/2025 7/1/2025 65,000.00 341271AD6 FLORIDA ST BRD OF ADM 1.25% 7/1/2025 65,000.00 7/1/2025 7/1/2025 85,000.00 341271AD6 FLORIDA ST BRD OF ADM 1.25% 7/1/2025 85,000.00 7/1/2025 7/1/2025 160,000.00 341271AD6 FLORIDA ST BRD OF ADM 1.25% 7/1/2025 160,000.00 7/27/2025 7/27/2025 225,000.00 459200KS9 IBM CORP 4.00% 7/27/2025 225,000.00 8/1/2025 8/1/2025 130,000.00 798306WP7 SAN JUAN CA UNIF SCH 0.85% 8/1/2025 130,000.00 8/1/2025 8/1/2025 225,000.00 06051GFS3 BANK OF AMERICA CORP 3.87% 8/1/2025 225,000.00 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 35
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

MATURITY
8/1/2025 8/1/2025 100,000.00 60412AK85 MINNESOTA ST-F-UNREF 0.63% 8/1/2025 100,000.00 8/25/2025 8/25/2025 350,000.00 3135G05X7 FANNIE MAE 0.37% 8/25/2025 350,000.00 9/4/2025 9/4/2025 150,000.00 3130AK5E2 FEDERAL HOME LOAN BANK 0.37% 9/4/2025 150,000.00 9/15/2025 9/15/2025 225,000.00 002824BM1 ABBOTT LABORATORIES (CALLABLE) 3.87% 9/15/2025 225,000.00 9/23/2025 9/23/2025 700,000.00 3137EAEX3 FREDDIE MAC 0.37% 9/23/2025 700,000.00 Total MATURITY 2,415,000.00 2,415,000.00 0.00

PAYDOWNS
7/1/2025 7/25/2025 793.42 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 793.42 9.76 7/1/2025 7/25/2025 507.71 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 507.71 0.01 7/1/2025 7/25/2025 1,249.42 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,249.42 7/1/2025 7/25/2025 14,001.22 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 14,001.22 7/1/2025 7/25/2025 5,543.97 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 5,543.97 46.78 7/1/2025 7/25/2025 55.18 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 55.18 0.57 7/15/2025 7/15/2025 20,504.39 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 20,504.39 0.79 7/15/2025 7/15/2025 8,867.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 8,867.00 0.44 7/15/2025 7/15/2025 12,363.13 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 12,363.13 7/15/2025 7/15/2025 8,912.15 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 8,912.15 0.08 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 36
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

PAYDOWNS
7/15/2025 7/15/2025 7,011.46 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 7,011.46 0.38 7/15/2025 7/15/2025 5,632.62 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 5,632.62 0.47 7/16/2025 7/16/2025 214.23 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 214.25 0.02 7/16/2025 7/16/2025 12,863.37 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 12,863.37 0.90 7/18/2025 7/18/2025 19,812.18 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 19,812.18 2.35 8/1/2025 8/25/2025 476.79 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 476.79 3.43 8/1/2025 8/25/2025 964.53 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 964.53 8/1/2025 8/25/2025 51.82 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 51.82 8/1/2025 8/25/2025 426.54 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 426.54 0.01 8/1/2025 8/25/2025 49.30 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 49.30 0.50 8/1/2025 8/25/2025 752.21 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 752.21 8.70 8/15/2025 8/15/2025 7,184.37 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 7,184.37 0.38 8/15/2025 8/15/2025 20,449.29 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 20,449.29 0.77 8/15/2025 8/15/2025 9,032.45 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 9,032.45 0.44 8/15/2025 8/15/2025 6,655.34 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 6,655.34 0.52 8/15/2025 8/15/2025 9,260.62 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 9,260.62 0.08 8/15/2025 8/15/2025 12,468.32 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 12,468.32 0.01 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 37
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

PAYDOWNS
8/16/2025 8/16/2025 13,514.88 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 13,514.88 0.91 8/18/2025 8/18/2025 19,734.78 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 19,734.78 2.27 8/21/2025 8/21/2025 5,340.60 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 5,340.60 0.60 9/1/2025 9/25/2025 52.09 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 52.09 9/1/2025 9/25/2025 49.53 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 49.53 0.49 9/1/2025 9/25/2025 333.49 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 333.49 3.62 9/1/2025 9/25/2025 6,305.01 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 6,305.01 37.56 9/1/2025 9/25/2025 453.09 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 453.09 0.01 9/1/2025 9/25/2025 970.51 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 970.51 9/15/2025 9/15/2025 19,051.49 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 19,051.49 0.69 9/15/2025 9/15/2025 9,124.44 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 9,124.44 0.43 9/15/2025 9/15/2025 6,505.96 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 6,505.96 0.34 9/15/2025 9/15/2025 11,734.03 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 11,734.03 9/15/2025 9/15/2025 8,833.58 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 8,833.58 0.07 9/15/2025 9/15/2025 5,868.90 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 5,868.90 0.44 9/16/2025 9/16/2025 12,892.62 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 12,892.62 0.84 9/18/2025 9/18/2025 18,837.81 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 18,837.81 2.09 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 38
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

PAYDOWNS
9/21/2025 9/21/2025 5,260.63 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 5,260.63 0.58 Total PAYDOWNS 330,966.47 330,966.49 128.33
SELL
9/2/2025 9/5/2025 225,000.00 91282CGP0 US TREASURY N/B 4.00% 2/29/2028 227,075.48 3,479.76 9/2/2025 9/5/2025 400,000.00 91282CGP0 US TREASURY N/B 4.00% 2/29/2028 403,689.75 7,516.43 9/2/2025 9/5/2025 2,450,000.00 91282CGP0 US TREASURY N/B 4.00% 2/29/2028 2,472,599.69 65,981.32 Total SELL 3,075,000.00 3,103,364.92 76,977.51
For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 39
Portfolio Holdings
PFM Asset Management | pfmam.com 40
CITY OF LAKE ELSINORE Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value U.S. Treasury

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
912828U24 75,000.00 AA+ Aa1 1/13/2023 1/17/2023 70,441.41 3.72 566.58 73,663.07 73,587.90

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,275,000.00 AA+ Aa1 9/4/2024 9/6/2024 1,169,364.26 3.59 4,027.68 1,197,511.78 1,196,358.00

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,900,000.00 AA+ Aa1 6/6/2024 6/11/2024 2,565,253.91 4.39 9,161.01 2,666,774.75 2,721,128.00

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,300,000.00 AA+ Aa1 8/1/2024 8/5/2024 1,173,960.94 3.96 4,106.66 1,209,301.20 1,219,816.00

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,400,000.00 AA+ Aa1 10/1/2024 10/7/2024 2,211,468.75 3.51 7,581.52 2,258,837.40 2,251,968.00

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 225,000.00 AA+ Aa1 7/1/2024 7/3/2024 198,641.60 4.49 710.77 206,372.90 211,122.00

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,375,000.00 AA+ Aa1 1/2/2025 1/7/2025 1,344,653.32 4.36 13,030.74 1,349,871.64 1,379,350.50

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 2,600,000.00 AA+ Aa1 12/3/2024 12/6/2024 2,565,773.44 4.10 24,639.95 2,572,238.63 2,608,226.40

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,200,000.00 AA+ Aa1 10/31/2024 11/5/2024 1,182,093.75 4.14 11,372.28 1,185,745.27 1,203,796.80

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,475,000.00 AA+ Aa1 2/3/2025 2/6/2025 1,444,693.36 4.33 13,978.43 1,449,413.04 1,479,666.90

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 4/1/2025 4/4/2025 878,414.06 3.87 7,391.98 880,751.10 886,535.10

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,500,000.00 AA+ Aa1 5/1/2025 5/6/2025 1,476,796.88 3.65 12,319.97 1,478,910.69 1,477,558.50

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 6/2/2025 6/5/2025 875,566.41 3.98 7,391.98 877,365.03 886,535.10

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 2,650,000.00 AA+ Aa1 3/3/2025 3/6/2025 2,565,117.19 4.06 21,765.29 2,575,552.52 2,610,353.35

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 925,000.00 AA+ Aa1 8/1/2025 8/5/2025 902,236.33 3.94 7,597.32 903,079.22 911,161.08 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 41

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 3,900,000.00 AA+ Aa1 9/2/2025 9/5/2025 3,841,652.34 3.67 32,031.93 3,842,671.45 3,841,652.10

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 600,000.00 AA+ Aa1 7/1/2025 7/3/2025 589,054.69 3.75 4,927.99 589,683.99 591,023.40 Security Type Sub-Total 26,200,000.00 25,055,182.64 3.96 182,602.08 25,317,743.68 25,549,839.13 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 23,870.00 450,000.00 450,442.80

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 10,230.50 450,000.00 450,283.50 Security Type Sub-Total 900,000.00 900,000.00 5.57 34,100.50 900,000.00 900,726.30 Municipal

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 85,000.00 84,774.75 CA ST
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 3/9/2023 3/15/2023 200,000.00 4.85 807.67 200,000.00 202,748.60 Security Type Sub-Total 285,000.00 285,000.00 3.67 1,112.96 285,000.00 287,523.35 Joint Powers Authority
CAMP Pool 1,187,493.79 AAAm NR 1,187,493.79 0.00 1,187,493.79 1,187,493.79 Security Type Sub-Total 1,187,493.79 1,187,493.79 0.00 1,187,493.79 1,187,493.79 Federal Agency

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 650,000.00 AA+ Aa1 11/9/2020 11/12/2020 647,673.00 0.57 1,300.00 649,953.33 647,587.20 Security Type Sub-Total 650,000.00 647,673.00 0.57 1,300.00 649,953.33 647,587.20 PFM Asset Management | pfmam.com 42
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Corporate

UNITEDHEALTH GROUP INC
(CALLABLE)
91324PEC2 225,000.00 A+ A2 5/17/2021 5/19/2021 224,608.50 1.19 977.50 224,951.17 220,951.13 DTD 05/19/2021 1.150% 05/15/2026

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 1.26 297.74 174,990.91 170,927.23

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 1.81 881.88 224,710.72 219,058.88

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 39,982.38 39,050.64

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 1,758.16 474,721.42 463,820.88

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 3,781.25 740,273.13 745,553.25

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 A- A2 1/13/2023 1/18/2023 277,203.00 4.59 573.75 292,129.97 294,136.80

BERKSHIRE HATHAWAY FIN
(CALLABLE)
084664CZ2 475,000.00 AA Aa2 3/15/2022 3/17/2022 466,089.00 2.70 485.56 472,403.02 465,113.83 DTD 03/15/2022 2.300% 03/15/2027

CHARLES SCHWAB CORP
(CALLABLE)
808513BW4 300,000.00 A- A2 2/17/2023 2/22/2023 284,925.00 4.66 4,950.00 294,495.94 296,969.40 DTD 09/24/2021 3.300% 04/01/2027

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 6,074.44 495,510.18 499,919.00

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 1,186.18 760,745.95 763,201.40

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 3,805.99 375,594.21 380,413.88

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 1,785.00 340,136.63 344,902.25

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 86,004.03 86,463.79 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 43
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Corporate

BRISTOL-MYERS SQUIBB CO
(CALLABLE)
110122DE5 375,000.00 A A2 3/9/2023 3/13/2023 358,263.75 4.93 1,665.63 366,909.71 375,031.13 DTD 07/15/2020 3.900% 02/20/2028

LOCKHEED MARTIN CORP
(CALLABLE)
539830BZ1 60,000.00 A- A2 5/23/2023 5/25/2023 59,892.00 4.49 1,008.67 59,943.04 60,673.08 DTD 05/25/2023 4.450% 05/15/2028

MORGAN STANLEY BANK NA
(CALLABLE)
61690U8E3 525,000.00 A+ Aa3 7/18/2024 7/19/2024 525,525.00 4.94 5,578.65 525,323.56 532,761.08 DTD 07/19/2024 4.968% 07/14/2028

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 3,970.31 376,606.26 385,092.00

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 5.92 241.79 747,638.33 786,679.50

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 2,302.56 339,685.64 346,121.70

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 1,980.42 419,897.11 430,975.86

BLACKROCK FUNDING INC
(CALLABLE)
09290DAA9 50,000.00 AA- Aa3 3/5/2024 3/14/2024 49,909.50 4.74 110.97 49,935.42 51,144.35 DTD 03/14/2024 4.700% 03/14/2029

BLACKROCK FUNDING INC
(CALLABLE)
09290DAA9 725,000.00 AA- Aa3 3/6/2024 3/14/2024 725,355.25 4.69 1,609.10 725,256.06 741,593.08 DTD 03/14/2024 4.700% 03/14/2029

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 4,012.00 169,837.21 174,583.88

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 4,838.00 204,778.20 210,527.62

WELLS FARGO & COMPANY
(CALLABLE)
95000U3T8 290,000.00 BBB+ A1 4/15/2025 4/23/2025 290,000.00 4.97 6,325.71 290,000.00 295,522.18 DTD 04/23/2025 4.970% 04/23/2029

WELLS FARGO & COMPANY
(CALLABLE)
95000U3T8 110,000.00 BBB+ A1 4/16/2025 4/23/2025 110,088.00 4.95 2,399.41 110,076.11 112,094.62 DTD 04/23/2025 4.970% 04/23/2029
For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 44

BANK OF AMERICA CORP
(CALLABLE)
06051GMT3 600,000.00 A- A1 5/6/2025 5/9/2025 600,000.00 4.62 10,941.10 600,000.00 607,433.40 DTD 05/09/2025 4.623% 05/09/2029

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 1,583.33 124,380.17 128,008.00

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 3,166.67 248,945.40 256,016.00

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 1,271.11 399,614.59 402,098.80

MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
571676AY1 115,000.00 A A2 3/5/2025 3/12/2025 114,875.80 4.83 460.00 114,888.23 117,159.36

STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
857477DB6 200,000.00 A Aa3 4/22/2025 4/24/2025 200,000.00 4.83 4,216.32 200,000.00 205,322.60

PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
69371RT71 400,000.00 A+ A1 5/5/2025 5/8/2025 399,380.00 4.59 7,229.44 399,425.07 407,184.40

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
032654BE4 400,000.00 A- A2 6/12/2025 6/16/2025 399,648.00 4.52 5,250.00 399,667.73 405,098.80 Security Type Sub-Total 11,935,000.00 11,772,653.90 4.36 97,382.92 11,869,457.50 12,021,603.80 Agency CMBS
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 234,564.89 AA+ Aa1 4/11/2023 4/14/2023 224,852.44 4.32 536.57 233,458.78 233,242.88 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aa1 4/6/2023 4/12/2023 526,839.84 3.98 1,215.96 543,813.77 543,518.80 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 364,012.14 AA+ Aa1 5/19/2023 5/24/2023 352,807.40 4.29 1,015.29 360,333.50 360,388.40 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 550,000.00 AA+ Aa1 8/16/2023 8/18/2023 518,804.69 4.94 1,477.67 537,156.29 544,518.70 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aa1 6/8/2023 6/13/2023 527,033.20 4.42 1,486.38 540,694.49 544,171.10 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 381,874.57 AA+ Aa1 12/6/2023 12/14/2023 381,871.52 4.86 1,545.96 381,873.62 388,230.49 PFM Asset Management | pfmam.com 45
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Agency CMBS
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 431,744.77 AA+ Aa1 7/19/2023 7/27/2023 431,734.01 4.78 1,718.70 431,738.78 435,431.87 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 550,000.00 AA+ Aa1 7/13/2023 7/20/2023 555,493.40 4.59 2,208.71 553,045.35 560,338.35 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 525,170.71 AA+ Aa1 7/18/2023 7/31/2023 516,267.43 4.58 1,829.78 520,138.42 526,161.71 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 800,000.00 AA+ Aa1 9/7/2023 9/14/2023 788,165.60 4.99 3,100.00 792,695.89 812,569.60 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 500,000.00 AA+ Aa1 10/11/2023 10/19/2023 489,032.00 5.25 1,975.00 493,095.10 509,658.50 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 375,000.00 AA+ Aa1 10/25/2023 10/31/2023 363,043.88 5.60 1,515.63 367,203.79 383,611.50 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 500,000.00 AA+ Aa1 9/20/2023 9/28/2023 494,023.50 5.07 2,000.00 496,183.90 509,926.00 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 180,000.00 AA+ Aa1 11/14/2023 11/21/2023 179,479.62 5.14 760.35 179,660.36 184,865.40 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 275,000.00 AA+ Aa1 11/28/2023 12/7/2023 274,209.93 4.93 1,113.75 274,481.00 281,257.08 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 290,000.00 AA+ Aa1 2/1/2024 2/8/2024 292,899.71 4.34 1,104.90 291,992.81 294,246.18 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 440,000.00 AA+ Aa1 7/16/2024 7/25/2024 442,702.04 4.58 1,730.67 442,130.56 449,638.64 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 535,894.87 AA+ Aa1 6/5/2024 6/13/2024 535,893.26 4.80 2,144.92 535,894.87 548,510.91 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 495,000.00 AA+ Aa1 8/7/2024 8/15/2024 499,630.23 4.33 1,873.99 498,663.57 503,386.79 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 190,000.00 AA+ Aa1 4/15/2025 4/24/2025 189,993.35 4.41 698.25 189,994.01 192,415.85 Security Type Sub-Total 8,718,261.96 8,584,777.05 4.72 31,052.48 8,664,248.86 8,806,088.75 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 46
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value ABS
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 42,173.73 AAA NR 7/12/2022 7/20/2022 42,172.73 3.97 74.41 42,173.40 42,148.89 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 45,588.69 AAA Aaa 9/20/2022 9/28/2022 45,579.26 4.46 90.37 45,585.38 45,632.59 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 74,425.91 AAA NR 10/4/2022 10/12/2022 74,413.71 4.82 149.47 74,421.19 74,559.65 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 117,143.26 AAA NR 1/24/2023 1/30/2023 117,143.20 4.63 241.05 117,143.24 117,389.96 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 4.95 539.00 244,984.17 245,083.06 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 73,246.28 NR Aaa 2/13/2023 2/23/2023 73,238.91 5.05 164.40 73,242.90 73,489.90 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 68,066.81 AAA NR 3/28/2023 3/31/2023 68,059.71 4.65 140.67 68,063.35 68,250.45 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 219,441.28 AAA NR 8/15/2023 8/22/2023 219,396.04 5.42 428.70 219,417.29 221,071.95 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 4.31 612.98 319,990.75 320,349.44 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 190,000.00 AAA NR 6/7/2023 6/14/2023 189,983.15 4.87 411.24 189,991.02 191,032.46 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 4.42 962.58 489,940.78 491,206.38 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 4.79 361.91 169,979.46 170,847.28 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 4.93 766.89 349,974.23 352,238.25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 74,398.77 NR Aaa 11/1/2023 11/8/2023 74,385.67 5.67 117.18 74,390.72 75,279.06 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 262,444.38 AAA Aaa 8/15/2023 8/23/2023 262,428.11 5.53 645.03 262,434.99 264,860.44 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 5.17 928.80 404,930.20 409,881.87 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 410,000.00 AAA NR 9/12/2023 9/19/2023 409,981.67 5.23 953.02 409,988.80 415,338.20 For the Quarter Ended September 30, 2025
PFM Asset Management | pfmam.com 47

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Trade
Date
Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Value
ABS
PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 100,000.00 AAA NR 5/14/2025 5/21/2025 99,989.29 4.61 140.86 99,990.62 101,146.10 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 180,000.00 NR Aaa 12/7/2023 12/14/2023 179,975.83 4.98 398.40 179,984.42 182,208.78 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 1,150.60 494,898.53 505,229.67 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 115,000.00 NR Aaa 4/29/2025 5/8/2025 114,987.15 4.15 212.11 114,988.47 115,396.18 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 80,000.00 NR Aaa 5/6/2025 5/12/2025 79,994.48 4.35 106.33 79,995.16 80,511.36 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 550,000.00 NR Aaa 4/8/2025 4/9/2025 553,673.83 4.62 1,168.44 553,336.38 557,323.80 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 415,000.00 NR Aaa 3/25/2025 3/31/2025 414,982.16 4.51 571.89 414,984.91 418,447.40 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 90,000.00 AAA Aaa 5/6/2025 5/14/2025 89,986.75 4.28 160.50 89,987.76 90,685.71 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 250,000.00 AAA NR 6/5/2025 6/12/2025 249,999.05 4.31 478.89 250,000.00 252,860.75 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 485,000.00 AAA NR 6/3/2025 6/10/2025 484,991.95 4.34 935.51 484,993.92 490,183.20 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 550,000.00 AAA Aaa 6/18/2025 6/26/2025 549,850.79 4.31 6,240.97 549,858.04 555,722.20 Security Type Sub-Total 6,866,929.11 6,869,744.57 4.75 19,152.20 6,869,670.08 6,928,374.98 Managed Account Sub Total 55,555,191.07 54,115,031.16 4.25 366,703.14 54,556,073.45 55,141,743.51 Securities Sub Total $56,742,684.86 $55,302,524.95 4.25% $366,703.14 $55,743,567.24 $56,329,237.30 Accrued Interest $366,703.14
Total Investments $56,695,940.44
PFM Asset Management | pfmam.com 48

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
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.

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.

PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investment advisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.

Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.

For more information regarding PFMAM's services or entities, please visit www.pfmam.com.

Further distribution is not permitted without prior written consent.

PFM Asset Management | pfmam.com 49

CITY OF LAKE ELSINORE
For the Quarter Ended September 30, 2025
Appendix
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust’s investment objectives, risks, charges and expenses before investing in the Trust. This and other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’s Information Statement may be obtained 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 U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.

Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may be differences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local government investment program is contained in the appropriate fund offering documentation or information statement.

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.

ICE Bank of America 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.

MBS maturities are represented by expected average life.

PFM Asset Management | pfmam.com 50

Lake Elsinore City CouncilDecember 9, 2025

Lake Elsinore City Council
December 9, 2025