Agenda packet — Los Altos City Council, March 24, 2026 (part 1 of 2)

CITY COUNCIL MEETING
AGENDA
March 24, 2026 - 7:00 PM
In Person
THE AGENDA WAS AMENDED AND RE-PUBLISHED ON MARCH 23, 2026 TO REMOVE THE FOLLOWING:

Consent Calendar: Adoption of Resolution - Exempt Suplus Land Act Resolution (Formerly agenda item #6)
PARTICIPATION: Members of the public are invited to participate by attending the meeting at the Los Altos Council Chamber, located at Los Altos City Hall, 1 N. San Antonio Rd, Los Altos, CA, during the meeting.

Public comments are accepted in person at the physical meeting location or via email to [email protected] or through the Public Comment forum on the city website: Public Comments Form.

RULES FOR CONDUCT: According to Los Altos Municipal Code, Section 2.05.010 "Interruptions and rules for conduct": Understanding that the purpose of the city council meetings is to conduct the people's business for the benefit of all the people, in the event that any meeting of the city council is willfully interrupted by a person or group of persons so as to render the orderly conduct of the meeting impossible, the mayor, mayor pro tem, or any other member of the city council acting as the chair may order the removal of the person or persons responsible for the disruption and bar them from further attendance at the council meeting, or otherwise proceed pursuant to Government Code Section 54957.0 or any applicable penal statute or city ordinance.

REMOTE MEETING OBSERVATION: Members of the public may view the meeting via the link below, but will not be permitted to provide public comment via Zoom or telephone. Public comments will be accepted in person, and members of the public may submit written comments by following the instructions below. https://losaltosca-gov.zoom.us/j/99600739150?pwd=UYApYMys8qDlERb3YsGgfhpwis94MI.1 Telephone: 1-669-444-9171 / Webinar ID: 996 0073 9150 / Passcode: 142176 SUBMIT WRITTEN COMMENTS: Before the meeting, comments on matters listed on the agenda may be emailed to [email protected]. Emailed public comments sent directly to the City Council, either as a group or individually, will not be included in the agenda packet but may be disclosable as part of a public records request. Emails sent to [email protected] will be included in the appropriate agenda packet and are also disclosable as part of a public records request.

Please note: Personal information, such as e-mail addresses, telephone numbers, home addresses, and other contact information, is not required to be included with your comments. If this information is included in your written comments, it will become part of the public record. Redactions and/or edits will not be made to public comments, and the comments will be posted as submitted. Please do not include any information in your communication that you do not want to be made public.

Correspondence submitted in hard copy/paper format must be received by 2:00 p.m. on the day of the meeting to ensure distribution prior to the meeting. Hard copy/paper format comments presented during the meeting will be distributed to the City Council the following day. Members of the public may present a copy of their comments or attachments to the City Clerk for distribution to the City Council.

Page 1 of 197 ends

The Mayor will open public comment and will announce the length of time provided for comments during each item.

AGENDA

CALL MEETING TO ORDER

ESTABLISH QUORUM

PLEDGE OF ALLEGIANCE

REPORT ON CLOSED SESSION

CHANGES TO THE ORDER OF THE AGENDA

PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
Members of the audience may bring to the Council's attention any item that is not on the agenda. The Mayor will announce the time speakers will be granted before comments begin. Please be advised that, by law, the City Council is unable to discuss or take action on issues presented during the Public Comment Period.

According to State Law (also known as “The Brown Act”) items must first be noted on the agenda before any discussion or action.

CONSENT CALENDAR
These items will be considered by one motion. Prior to consideration of the Consent Calendar, a Councilmember may remove an item from the Consent Calendar. Any item removed from the Consent Calendar for discussion will be handled at the discretion of the Mayor.

1. Approval of Meeting Minutes - Special and Regular Meetings of March 10, 2026

2. Acceptance of Investment Reports
Receive and file the City’s Investment Portfolio Reports for the quarters ending December 31, 2025

3. Acceptance of Treasurer's Report
Receive and file the City’s Treasurer’s Report for the quarter ending December 31, 2025

4. Adoption of Resolution - Weed Abatement Final Commencement Report (2026) Adopt a Resolution of the City Council of the City of Los Altos instructing the Santa Clara County Consumer and Environmental Protection Agency to proceed with the abatement of hazardous vegetation and find that this action is exempt from environmental review pursuant to Section 15301(h) of the California Environmental Quality Act (CEQA) Guidelines

5. Adoption of Norms - City Council Norms and Procedures Adopt the revised City Council Norms and Procedures

6. Adoption of Resolution - Below Market Rate (BMR) Unit Transfer Exemption Adopt a Resolution of the City Council of the City of Los Altos authorizing the City Manager to determine that a revocable living trust qualifies as an exemption from the definition of a Transfer for the twelve (12) Below Market Rate (BMR) for-sale units with recorded covenants that do not currently include this exemption, and such other interpretations of these recorded covenants as

Page 2 of 197 ends

deemed necessary

7. Approval of Flag Raising - Progress Pride
Approve the raising of the Progress Pride Flag for the month of June 2026

8. Approval of Flag Raising - Juneteenth
Approve the raising of the Juneteenth Flag for the month of June 2026

DISCUSSION ITEMS

9. Santa Clara Valley Transportation Authority (VTA) Presentation Receive Presentation from Santa Clara Valley Transportation Authority and provide feedback as necessary

INFORMATIONAL ITEMS / COUNCIL Q&A
There will be no discussion or action on Informational Items. The Council Q&A will be included in the packet the day of the meeting.

10. Tentative Council Calendar and Housing Element Implementation Schedule

11. 03-24-2026 Council QA

COUNCIL/STAFF REPORTS AND DIRECTIONS ON FUTURE AGENDA ITEMS

ADJOURNMENT

SPECIAL NOTICES TO THE PUBLIC
According to the City Council Norms and Procedures: It will be customary to have a recess at approximately 9:00 p.m. Before the recess, the Mayor shall announce whether any items will be carried over to the next meeting. The established hour after which no new items will be started is 11:00 p.m. Remaining items, however, may be considered by consensus of the Council.

In compliance with the Americans with Disabilities Act, the City of Los Altos will make reasonable arrangements to ensure accessibility to this meeting. If you need special assistance to participate in this meeting, please get in touch with the City Clerk at least 72 hours before the meeting.

All public records relating to an open session item on this agenda, which are not exempt from disclosure according to the California Public Records Act, and that are distributed to a majority of the legislative body, will be available for public inspection at the same time that the public records are distributed or made available to the legislative body.

Page 3 of 197 ends

CITY OF LOS ALTOS

CITY COUNCIL SPECIAL

MEETING MINUTES
TUESDAY, MARCH 10, 2026
6:00 p.m.
1 N. San Antonio Rd. ~ Los Altos, CA
Sally Meadows,, Mayor
Larry Lang, Vice Mayor
Pete Dailey, Councilmember
Jonathan D. Weinberg, Councilmember
CALL MEETING TO ORDER – Sally Meadows, Mayor, called the special meeting to order at 6:00 p.m.

ESTABLISH QUORUM – All Councilmembers were present.

STUDY SESSION

1. Review of Commission Work Plans
Meet and Discuss the 2026 Commission Work Plans with the following Commissions:
• Senior Commission
• Complete Streets Commission
• Historical Commission
• Planning Commission
The City Council met with Commissioners to discuss their proposed work plans.

There were no speakers regarding this item.

Discussion item only. No motion taken.

ADJOURNMENT – The special meeting adjourned at 7:12 p.m.

The meeting minutes were prepared by Melissa Thurman, City Clerk, for approval at the regular meeting on March 24, 2026.
_________________________________ __________________________________ Sally Meadows Melissa Thurman, MMC
Mayor City Clerk
The March 10, 2026, City Council meeting recording may be viewed via the following external website: https://www.youtube.com/@CityofLosAltosCA
The City of Los Altos does not own or operate YouTube. The video referenced in these minutes was live at the time the minutes were published.

Page 4 of 197 ends

CITY OF LOS ALTOS

CITY COUNCIL MEETING MINUTES
TUESDAY, MARCH 10, 2026
7:00 p.m.
1 N. San Antonio Rd. ~ Los Altos, CA
Sally Meadows,, Mayor
Larry Lang, Vice Mayor
Pete Dailey, Councilmember
Jonathan D. Weinberg, Councilmember
CALL MEETING TO ORDER – Sally Meadows, Mayor, called the meeting to order at 7:22 p.m.

ESTABLISH QUORUM – All Councilmembers were present.

PLEDGE OF ALLEGIANCE – Sally Meadows, Mayor, led the Pledge of Allegiance.

REPORT ON CLOSED SESSION
There were no reportable actions from the Closed Session meetings held on February 24, 2026, after the adjournment of the regular meeting, and on the Closed Session meeting held on March 10, 2026, at 5:00 p.m.

CHANGES TO THE ORDER OF THE AGENDA
There were no changes to the order of the agenda.

PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
The following members of the public spoke during public comment:
• Richard Probst
• Bill Bassett
• Peter Friedrich

CONSENT CALENDAR
The following member of the public spoke regarding the Consent Calendar:
• Yanhua Mao (Item 3)
Motion by Lang and Second by Weinberg to approve the Consent Calendar, with amendments to Item 4 (Strategic Goals). Motion carried unanimously by roll call vote.

1. Approval of Meeting Minutes – Draft Special and Regular Meeting of February 24, 2026

2. Authorize City Manager to move to approve the Parcel Map for 1485 Fremont Avenue
Authorize the City Manager to move to approve the Parcel Map of 1485 Fremont Avenue

3. Housing Element Annual Progress Report
Adopt a Resolution of the City Council of the City of Los Altos Accepting the Housing Element Annual Progress Report for Calendar Year 2025 and Authorizing Staff to

Page 5 of 197 ends

City of Los Altos
City Council Regular Meeting Minutes
March 10, 2026

Page 2 of 3 ends

Submit the Report to the California Department of Housing and Community Development; and find that this action is exempt from the requirements of the California Environmental Quality Act (CEQA) per CEQA Guidelines Section 15378(b)(5)

4. City Council Strategic Goals
Adopt a Resolution affirming the City Council Strategic Goals

DISCUSSION ITEMS

5. AB481 Military Equipment Use Annual Report for 2025
Review and renew the Ordinance by introducing and waiving further reading of the Ordinance approving Los Altos Police Policy 709 pertaining to the funding, acquisition, and use of military equipment as mandated by Assembly Bill 481. Staff further recommends that Council approve the acquisition of the new item of military equipment and other changes to the inventory discussed in the Annual Report Kathryn Krauss, Police Captain, presented the report.

There were no speakers regarding the item.

Motion by Weinberg and Second by Lang to Renew the Ordinance by introducing and waiving further reading of the Ordinance approving Los Altos Police Policy 709 pertaining to the funding, acquisition, and use of military equipment as mandated by Assembly Bill 481. Staff further recommends Council approve the acquisition of the new item of military equipment and other changes to the inventory discussed in the Annual Report. Motion carried unanimously by roll call vote.

6. Fire Protection Services
Adopt a resolution directing staff to submit an application to the Local Agency Formation Commission of Santa Clara County (LAFCO) for annexation into the Santa Clara County Central Fire Protection District (County Fire) and directing staff to negotiate property tax transfer and potential transfer of both fire stations to County Fire as part of the annexation
Jon Maginot, Assistant City Manager, presented the report.

The following members of the public spoke regarding the item:
• Bob Hagg
• Tony Bowden
The City Council amended the resolution to clarify the fire and medical services provided.

Motion by Weinberg and Second by Lang to adopt a resolution, as amended, directing staff to submit an application to the Local Agency Formation Commission of Santa Clara County (LAFCO) for annexation into the Santa Clara County Central Fire Protection District (County Fire) and directing staff to negotiate property tax transfer and potential transfer of both fire

Page 6 of 197 ends

City of Los Altos
City Council Regular Meeting Minutes
March 10, 2026

Page 3 of 3 ends

stations to County Fire as part of the annexation. Motion carried unanimously by roll call vote.

7. Review of City Council Norms and Procedures
Review the City Council Norms and Procedures and provide direction on modifications as needed.

The City Council reviewed the City Council Norms and Procedures.

There were no speakers regarding the item.

Discussion item only. No motion taken.

INFORMATIONAL ITEMS / COUNCIL Q&A

8. Independent Intake Official (IIO) Yearly Report for 2025 Accept the Independent Intake Official (IIO) Yearly Report for 2025

9. Santa Clara County Valley Transportation Authority (VTA) Letter Letter of Support for the Homestead Road Safe Routes Project

10. Tentative Council Calendar and Housing Element Implementation

11. 03-10-26 Council Q&A

COUNCIL/STAFF REPORTS AND DIRECTIONS ON FUTURE AGENDA ITEMS • Pete Dailey, Councilmember – Requested a future study session agenda item:
o Expanding EV Charging Structure in the City of Los Altos (Supported by Lang and Meadows)
ADJOURNMENT – The regular meeting adjourned at 8:53 p.m.

Page 7 of 197 ends

City Council Staff Report
Meeting Date: March 24, 2026
Prepared By: Jessie Kim
Approved By: Gabe Engeland
Subject: Acceptance of Investment Reports

COUNCIL PRIORITY AREA
General Government

RECOMMENDATION
Receive and file the City’s Investment Portfolio Reports for the quarters ending December 31, 2025

ENVIRONMENTAL IMPACT
None.

FISCAL IMPACT

PREVIOUS COUNCIL CONSIDERATION
November 18, 2025

BACKGROUND
This report provides the City’s quarterly investment update covering the quarters ending December 31, 2025.

The City’s investment portfolio is managed by PTMA, and structured in accordance with the City’s Investment Policy and California Government Code Sections 53600–53609. The portfolio emphasizes safety, liquidity, and steady returns.

ANALYSIS
The table below summarizes key changes in investment performance between the quarters ending December 31, 2025.

Metric Q1 FY26 Q2 FY26 Change
Market Value $ 54.8M $ 55.3M Increase $0.5M
Book Yield 4.125% 3.978% Decrease 14.7 basis points
Market Yield 3.851% 3.653% Decrease 18.9 basis points
During the reporting period, the portfolio’s book yield decreased from 4.125% to 3.978%, a

Page 8 of 197 ends

decline of 14.7 basis points, reflecting the reinvestment of maturing securities at lower interest rates as market yields moderated following recent Federal Reserve policy adjustments. Similarly, the market yield declined from 3.851% to 3.653%, a decrease of 18.9 basis points, consistent with the overall decline in U.S. Treasury yields during the quarter as markets anticipated additional monetary policy easing. The portfolio’s duration increased from 0.364 years to 1.088 years, reflecting purchases of securities with slightly longer maturities to secure available yields while maintaining appropriate liquidity. The portfolio value increased modestly from $54.8 million to $55.3 million, reflecting routine reinvestment of maturing securities and normal market price movements.

Overall, portfolio activity during the quarter remained consistent with the City’s investment strategy to maintain safety, liquidity, and stable earnings, while ensuring compliance with the City’s Investment Policy and applicable State law.

DISCUSSION

ATTACHMENTS

1. Attachment 1 - Investment Portfolio

Page 9 of 197 ends

Investment Review
City of Los Altos, CA
10/01/2025 to 12/31/2025

Page 10 of 197 ends

2 EXECUTIVE SUMMARY
Portfolio Overview ��3 Maturity Distribution��4 Rating Distribution ��6 Security Distribution – Market Value��7 Security Distribution – Historical Cost ��8

SUPPORTING REPORTS
Portfolio Holdings ��9 Transactions �� 22 Income�� 33 GASB 40 �� 42 Portfolio Activity Summary��61 Table of Contents
John Grady | Managing Director
[email protected]
Tom Tight | Managing Director
[email protected]

RELATIONSHIP MANAGERS
Tim Palmer | SVP, Senior Portfolio
Manager
[email protected]
Jake Fitzpatrick | Portfolio Manager,
Multisector
[email protected]

PORTFOLIO MANAGER

Page 11 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
3 PORTFOLIO CHARACTERISTICS PORTFOLIO SUMMARY

INCOME SUMMARY
09/30/25 12/31/25
Duration 0.364 1.088
Years to Effective Maturity 0.406 1.207
Years to Final Maturity 0.478 1.413
Coupon Rate 4.027 2.918
Book Yield 4.125 3.978
Market Yield 3.851 3.653
Benchmark Yield -- --
Summary 09/30/25 12/31/25
Historical Cost $54,132,004.25 $54,653,352.30
Book Value 54,225,411.42 54,871,457.89
Accrued Interest 345,183.14 358,285.38
Net Pending Transactions 74,026.88 3,004.03
Book Value Plus Accrued $54,644,621.44 $55,232,747.31
Net Unrealized Gain/Loss 126,711.53 105,471.28
Market Value Plus Accrued $54,771,332.96 $55,338,218.59 Period Income Income
Interest Income $392,090.36
Net Amortization/Accretion Income 164,602.15
Net Realized Gain/Loss 31,433.36
Net Income $588,125.87

ASSET ALLOCATION
Detail may not add to total due to rounding.

Portfolio Overview

EXECUTIVE SUMMARY

Page 12 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
4 Portfolio Overview

MATURITY DISTRIBUTION BY SECURITY TYPE

TOP TEN HOLDINGS MATURITY DISTRIBUTION BY TYPE
Issuer Value
United States 55.60%
Federal Home Loan Mortgage Corporation 4.98%
Groupe BPCE 2.55%
The Toronto-Dominion Bank 1.82%
Mitsubishi UFJ Financial Group, Inc. 1.79%
SAS Rue La Boetie 1.78%
Bank of America Corporation 1.77%
Toyota Motor Corporation 1.70%
Federated Hermes, Inc. 1.53%
Carmax Auto Owner Trust 2024-3 1.39%
Maturity Distribution
Security
Distribution
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total ABS $22,763.78 $244,422.34 $229,238.33 $354,072.13 $2,302,693.10 $753,078.47 $2,532,167.80 -- -- $6,438,435.95 CASH 3,004.03 3,004.03
CD 1,009,429.50 918,374.71 1,927,804.21
CORP 509,273.02 839,997.55 823,514.46 754,040.49 1,175,058.17 3,828,796.42 502,879.83 8,433,559.94 CP 992,925.00 986,838.00 1,469,610.00 3,449,373.00

FED INST
(GSE)
210,882.80 1,611,899.11 546,112.85 533,311.92 145,341.55 3,047,548.23 MMFUND 846,162.67 846,162.67
US GOV 3,387,308.79 4,344,655.06 4,963,537.57 7,845,746.14 3,031,668.04 5,910,771.08 1,283,877.06 30,767,563.74 YANKEE 424,766.83 424,766.83
TOTAL $7,406,516.42 $6,415,912.94 $10,016,174.18 $9,499,971.61 $7,042,731.23 $10,637,987.52 $3,816,044.86 $502,879.83 -- $55,338,218.59

Page 13 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
5 Portfolio Overview

WAL DISTRIBUTION BY SECURITY TYPE

TOP TEN HOLDINGS WAL DISTRIBUTION BY TYPE
Issuer Value
United States 55.60%
Federal Home Loan Mortgage Corporation 4.98%
Groupe BPCE 2.55%
The Toronto-Dominion Bank 1.82%
Mitsubishi UFJ Financial Group, Inc. 1.79%
SAS Rue La Boetie 1.78%
Bank of America Corporation 1.77%
Toyota Motor Corporation 1.70%
Federated Hermes, Inc. 1.53%
Carmax Auto Owner Trust 2024-3 1.39%
Security
Distribution
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total ABS $126,371.05 $742,265.29 $534,363.16 $233,131.89 $2,270,136.76 $2,532,167.80 -- -- -- $6,438,435.95 TOTAL $126,371.05 $742,265.29 $534,363.16 $233,131.89 $2,270,136.76 $2,532,167.80 -- -- -- $6,438,435.95

Page 14 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
6 S&P RATING DISTRIBUTION MOODY’S RATING DISTRIBUTION
ALLOCATION BY STANDARD AND POOR’S RATING ALLOCATION BY MOODY’S RATING Portfolio Overview
S&P Rating Distribution Dec 31, 2025
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
A-1+ $13,494,463.47 24.39%
A-1 $3,449,373.00 6.23%
A-2
Total Short Term Ratings $16,943,836.47 30.62%
Long Term Rating Distribution
AAA $6,978,604.21 12.61%
AA $21,235,662.34 38.37%
A $6,976,953.61 12.61%
Below A $1,614,313.33 2.92%
Not Rated $1,588,848.63 2.87%
Total Long Term Ratings $38,394,382.11 69.38%
Portfolio Total $55,338,218.59 100.00%
Moody's Rating Distribution Dec 31, 2025
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
P-1 $17,953,265.97 32.44%
P-2
Total Short Term Ratings $17,953,265.97 32.44%
Long Term Rating Distribution
Aaa $3,954,444.12 7.15%
Aa $22,363,124.67 40.41%
A $7,734,225.30 13.98%
Below A
Not Rated $3,333,158.53 6.02%
Total Long Term Ratings $37,384,952.61 67.56%
Portfolio Total $55,338,218.59 100.00%
Rating Distribution

Page 15 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
7 MARKET VALUE BASIS SECURITY DISTRIBUTION

ASSET BALANCE BY SECURITY TYPE
Portfolio Overview
Security Distribution Sep 30, 2025
Ending Balance
Sep 30, 2025
Portfolio Allocation
Dec 31, 2025
Ending Balance
Dec 31, 2025
Portfolio Allocation
Change in
Allocation
Book Yield
Cash $74,026.88 0.14% $3,004.03 0.01% (0.13%) 0.00%
U.S. Treasury Notes $16,371,284.46 29.89% $30,767,563.74 55.60% 25.71% 3.76% Federal Instrumentality (GSE) 3,559,757.40 6.50% 3,047,548.23 5.51% (0.99%) 3.98% Money Market Funds $24,803,076.07 45.28% $846,162.67 1.53% (43.76%) 3.40% Corporate Notes 4,826,250.83 8.81% 8,858,326.77 16.01% 7.20% 4.48% Asset-Backed Securities 3,188,339.20 5.82% 6,438,435.95 11.63% 5.81% 4.23% CD 1,948,598.13 3.56% 1,927,804.21 3.48% (0.07%) 4.65%
Commercial Paper 3,449,373.00 6.23% 6.23% 3.95%
Portfolio Total $54,771,332.96 100.00% $55,338,218.59 100.00% 3.98% Security Distribution – Market Value

Page 16 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
8 ASSET BALANCE BY SECURITY TYPE
Portfolio Overview
Security Distribution Sep 30, 2025
Ending Balance
Sep 30, 2025
Portfolio Allocation
Dec 31, 2025
Ending Balance
Dec 31, 2025
Portfolio Allocation
Change in
Allocation
Book Yield
Cash $74,026.88 0.14% $3,004.03 0.01% (0.13%) 0.00%
U.S. Treasury Notes $16,099,191.81 29.70% $30,469,131.36 55.75% 26.05% 3.76% Federal Instrumentality (GSE) 3,520,656.26 6.49% 2,974,037.24 5.44% (1.05%) 3.98% Money Market Funds $24,803,076.07 45.76% $846,162.67 1.55% (44.21%) 3.40% Corporate Notes 4,694,255.35 8.66% 8,680,496.75 15.88% 7.22% 4.48% Asset-Backed Securities 3,164,824.76 5.84% 6,415,007.89 11.74% 5.90% 4.23% CD 1,850,000.00 3.41% 1,850,000.00 3.38% (0.03%) 4.65%
Commercial Paper 3,418,516.39 6.25% 6.25% 3.95%
Portfolio Total $54,206,031.13 100.00% $54,656,356.33 100.00% 3.98%

HISTORIC COST BASIS SECURITY DISTRIBUTION
Security Distribution – Historical Cost

Page 17 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
9 Portfolio Holdings

SUPPORTING REPORTS
Description
Identifier
Coupon
Effective Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of
Market
Value
Callable
Next Call
Date
Book
Yield
YTM
YTC
S&P
Moody's
CASH
Receivable
CCYUSD

0.00%
12/31/25
12/31/25

0.00 --
--
3,004.03 $3,004.03
$3,004.03
$3,004.03

1.00 $3,004.03
$0.00
$0.00 0.01% N
--

0.00%

0.00%
AAA
Aaa
CASH TOTAL 12/31/25
12/31/25

0.00 --
--
3,004.03 $3,004.03
$3,004.03
$3,004.03

1.00 $3,004.03
$0.00
$0.00 0.01% N
--

0.00%

0.00%
AAA
Aaa
MMFUND

FEDERATED HRMS

TRS SVC
60934N872

3.40%
12/31/25
12/31/25

0.00 --
--
846,162.67 $846,162.67
$846,162.67
$846,162.67

1.00 $846,162.67
$0.00
($0.00) 1.53% N
--

3.40%
--
--
AAAm
Aaa
MMFUND TOTAL 12/31/25
12/31/25

0.00 --
--
846,162.67 $846,162.67
$846,162.67
$846,162.67

1.00 $846,162.67
$0.00
($0.00) 1.53% N
--

3.40%
--
--
AAAm
Aaa
US GOV

UNITED STATES

TREASURY
912797RH2

0.00%
01/08/26
01/08/26

0.02 10/08/25
10/09/25
800,000.00 $792,219.50
$799,401.50
$799,536.90

99.94 $799,536.90
$0.00
$135.40 1.44% N
--

3.94%

2.64%
--
A-1+
P-1

UNITED STATES

TREASURY
912797RT6

0.00%
02/12/26
02/12/26

0.12 10/08/25
10/09/25
1,800,000.00 1,776,508.88
1,792,169.63
1,792,641.80

99.59 1,792,641.80

0.00 472.17 3.24% N
--

3.83%

3.48%
--
A-1+
P-1

UNITED STATES

TREASURY
912797RV1

0.00%
03/05/26
03/05/26

0.17 10/08/25
10/09/25
800,000.00 787,864.33
794,799.00
795,130.09

99.39 795,130.09

0.00 331.09 1.44% N
--

3.82%

3.49%
--
A-1+
P-1

UNITED STATES

TREASURY
912797SL2

0.00%
04/09/26
04/09/26

0.27 10/08/25
10/09/25
1,800,000.00 1,766,307.25
1,781,857.75
1,782,753.08

99.04 1,782,753.08

0.00 895.33 3.22% N
--

3.83%

3.57%
--
A-1+
P-1

Page 18 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
10 Portfolio Holdings

UNITED STATES

TREASURY
912797QN0

0.00%
05/14/26
05/14/26

0.36 10/08/25
10/09/25
800,000.00 782,876.29
789,504.82
789,747.31

98.72 789,747.31

0.00 242.49 1.43% N
--

3.67%

3.54%
--
A-1+
P-1

UNITED STATES

TREASURY
912797QX8

0.00%
06/11/26
06/11/26

0.44 10/08/25
10/09/25
1,800,000.00 1,756,665.62
1,771,523.12
1,772,154.67

98.45 1,772,154.67

0.00 631.54 3.20% N
--

3.66%

3.54%
--
A-1+
P-1

UNITED STATES

TREASURY
912797RF6

0.00%
07/09/26
07/09/26

0.51 10/08/25
10/09/25
800,000.00 778,508.83
785,121.50
785,796.50

98.22 785,796.50

0.00 675.00 1.42% N
--

3.67%

3.47%
--
A-1+
P-1

UNITED STATES

TREASURY
912797RG4

0.00%
08/06/26
08/06/26

0.59 10/08/25
10/09/25
1,300,000.00 1,261,508.58
1,272,250.37
1,273,437.35

97.96 1,273,437.35

0.00 1,186.98 2.30% N
--

3.67%

3.48%
--
A-1+
P-1

UNITED STATES

TREASURY
91282CHU8

4.38%
08/15/26
08/15/26

0.60 09/06/23
09/11/23
1,100,000.00 1,089,515.63
1,097,659.27
1,105,206.25
100.47
1,123,383.89
18,177.65
7,546.98 2.03% N
--

4.73%

3.60%
--
AA+
Aa1

UNITED STATES

TREASURY
912797RS8

0.00%
09/03/26
09/03/26

0.66 10/08/25
10/09/25
1,300,000.00 1,258,385.38
1,269,010.39
1,270,369.41

97.72 1,270,369.41

0.00 1,359.02 2.30% N
--

3.64%

3.45%
--
A-1+
P-1

UNITED STATES

TREASURY
91282CHY0

4.63%
09/15/26
09/15/26

0.68 12/17/25
12/18/25
500,000.00 503,828.13
503,632.69
503,651.25
100.73
510,550.42
6,899.17

18.56 0.92% N
--

3.56%

3.56%
--
AA+
Aa1

UNITED STATES

TREASURY
912797SA6

0.00%
10/01/26
10/01/26

0.74 10/08/25
10/09/25
1,200,000.00 1,158,228.03
1,168,056.73
1,169,438.81

97.45 1,169,438.81

0.00 1,382.08 2.11% N
--

3.65%

3.46%
--
A-1+
P-1

UNITED STATES

TREASURY
91282CJC6

4.63%
10/15/26
10/15/26

0.76 11/09/23
11/13/23
450,000.00 448,734.38
449,647.40
453,625.57
100.81
458,085.39
4,459.82
3,978.17 0.83% N
--

4.73%

3.57%
--
AA+
Aa1

Page 19 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
11 Portfolio Holdings

UNITED STATES

TREASURY
912797SK4

0.00%
10/29/26
10/29/26

0.82 11/12/25
11/13/25
1,300,000.00 1,255,748.09
1,261,943.36
1,263,457.56

97.19 1,263,457.56

0.00 1,514.20 2.28% N
--

3.64%

3.47%
--
A-1+
P-1

UNITED STATES

TREASURY
91282CJK8

4.63%
11/15/26
11/15/26

0.85 12/07/23
12/11/23
1,250,000.00 1,259,814.45
1,253,057.19
1,261,169.15
100.89
1,268,675.19
7,506.04
8,111.96 2.29% N
--

4.34%

3.57%
--
AA+
Aa1

UNITED STATES

TREASURY
91282CJP7

4.38%
12/15/26
12/15/26

0.93 --
--
3,650,000.00 3,677,046.88
3,665,864.49
3,678,631.26
100.78
3,686,089.19
7,457.93
12,766.76 6.66% N
--

3.91%

3.53%
--
AA+
Aa1

UNITED STATES

TREASURY
91282CNP2

3.88%
07/31/27
07/31/27

1.50 12/04/25
12/05/25
500,000.00 502,597.66
502,493.35
502,910.16
100.58
511,018.17
8,108.02
416.80 0.92% N
--

3.55%

3.49%
--
AA+
Aa1

UNITED STATES

TREASURY
91282CFH9

3.13%
08/31/27
08/31/27

1.59 11/18/25
11/19/25
1,000,000.00 991,992.19
992,517.98
994,257.81

99.43 1,004,875.90
10,618.09
1,739.83 1.82% N
--

3.59%

3.48%
--
AA+
Aa1

UNITED STATES

TREASURY
91282CFZ9

3.88%
11/30/27
11/30/27

1.83 --
--
1,500,000.00 1,510,390.63
1,509,964.48
1,510,664.07
100.71
1,515,773.96
5,109.89
699.59 2.74% N
--

3.51%

3.49%
--
AA+
Aa1

UNITED STATES

TREASURY
91282CMF5

4.25%
01/15/28
01/15/28

1.91 --
--
2,000,000.00 2,030,585.94
2,028,661.57
2,029,453.12
101.47
2,068,719.42
39,266.30
791.55 3.74% N
--

3.51%

3.50%
--
AA+
Aa1

UNITED STATES

TREASURY
91282CMN8

4.25%
02/15/28
02/15/28

1.99 12/04/25
12/05/25
1,000,000.00 1,015,273.44
1,014,795.82
1,015,273.44
101.53
1,031,326.43
16,052.99
477.62 1.86% N
--

3.52%

3.50%
--
AA+
Aa1

UNITED STATES

TREASURY
91282CJA0

4.63%
09/30/28
09/30/28

2.54 10/14/25
10/15/25
1,500,000.00 1,547,343.75
1,544,070.59
1,542,421.88
102.83
1,560,146.81
17,724.93
(1,648.72) 2.82% N
--

3.49%

3.53%
--
AA+
Aa1

Page 20 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
12 Portfolio Holdings

UNITED STATES

TREASURY
91282CPP0

3.50%
12/15/28
12/15/28

2.78 12/23/25
12/24/25
1,250,000.00 1,246,240.23
1,246,267.14
1,248,535.15

99.88 1,250,578.42
2,043.27
2,268.01 2.26% N
--

3.61%

3.54%
--
AA+
Aa1

UNITED STATES

TREASURY
91282CKG5

4.13%
03/31/29
03/31/29

2.99 12/15/25
12/16/25
1,250,000.00 1,270,947.27
1,270,689.72
1,270,703.13
101.66
1,283,877.06
13,173.94

13.40 2.32% N
--

3.58%

3.58%
--
AA+
Aa1
US GOV TOTAL 03/02/27
03/02/27

1.11 --
--
30,650,000.00 $30,469,131.36
$30,564,959.87
$30,610,965.69

99.90 $30,767,563.74
$156,598.05
$46,005.82 55.60% N
--

3.76%

3.49%
--
AA+
Aa1

GSE MBS
FHMS K-054 A2
3137BNGT5

2.75%
01/01/26
01/25/26

0.07 --
--
154,833.65 $148,983.23
$154,833.64
$154,431.96

99.74 $154,786.14
$354.18
($401.68) 0.28% Y
--

4.27%
--
--
AA+
Aa1
FNA 2016-M03 A2
3136ARTE8

2.70%
02/01/26
02/25/26

0.12 08/31/22
09/06/22
56,158.21 95,186.63
57,131.57
55,970.20

99.67 56,096.65
126.45
(1,161.36) 0.10% N
--
(9.71%)
--
--
AA+
Aa1
FHMS K-736 A2
3137FNWX4

2.28%
07/01/26
07/25/26

0.44 10/05/23
10/11/23
238,623.76 221,407.43
235,114.96
236,647.98

99.17 237,101.77
453.78
1,533.02 0.43% N
--

5.33%
--
--
AA+
Aa1
FHMS K-057 A2
3137BRQJ7

2.57%
07/01/26
07/25/26

0.44 --
--
475,122.59 446,800.83
470,048.29
471,730.59

99.29 472,748.14
1,017.55
1,682.30 0.85% Y
--

4.63%
--
--
AA+
Aa1
FHMS K-058 A2
3137BSP72

2.65%
08/01/26
08/25/26

0.60 04/06/23
04/12/23
400,000.00 383,156.25
396,178.14
396,573.92

99.14 397,458.25
884.33
395.78 0.72% Y
--

3.98%
--
--
AA+
Aa1
FHMS K-059 A2
3137BSRE5

3.12%
09/01/26
09/25/26

0.69 11/15/23
11/20/23
271,392.28 257,048.77
267,163.86
269,715.07

99.38 270,420.69
705.62
2,551.21 0.49% Y
--

5.12%
--
--
AAA
Aa1
FNA 2016-M12 A2
3136AUKX8

2.44%
09/01/26
09/25/26

0.52 11/20/23
11/27/23
236,169.75 239,886.32
237,065.71
233,691.03

98.95 234,170.26
479.23
(3,374.68) 0.42% N
--

0.00%
--
--
AA+
Aa1

Page 21 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
13 Portfolio Holdings

3.41%
12/01/26
12/25/26

0.90 --
--
547,185.29 521,642.85
538,101.02
544,556.56

99.52 546,112.85
1,556.29
6,455.54 0.99% N
--

5.04%
--
--
AA+
Aa1
FHMS K-063 A2
3137BVZ82

3.43%
01/01/27
01/25/27

0.90 10/17/23
10/20/23
275,000.00 259,273.44
269,631.31
273,742.87

99.54 274,528.91
786.04
4,111.55 0.50% Y
--

5.40%
--
--
AA+
Aa1
FHMS K-065 A2
3137F1G44

3.24%
04/01/27
04/25/27

1.19 11/09/23
11/14/23
260,000.00 244,938.28
253,843.93
258,080.37

99.26 258,783.02
702.65
4,236.44 0.47% Y
--

5.11%
--
--
AA+
Aa1
FHMS K-092 A1
3137FLYU2

3.13%
07/01/28
10/25/28

1.31 10/25/23
10/30/23
146,436.05 155,713.21
151,168.71
144,960.20

98.99 145,341.55
381.34
(6,208.50) 0.26% Y
--

0.67%
--
--
AA+
Aa1
GSE MBS TOTAL 10/13/26
11/11/26

0.69 --
--
3,060,921.57 $2,974,037.24
$3,030,281.14
$3,040,100.76

99.32 $3,047,548.23
$7,447.47
$9,819.62 5.51%
--

3.98%
--
--
AA+
Aa1
CP
MUFG Bank, Ltd.,
New York Branch
62479MC92

0.00%
03/09/26
03/09/26

0.19 10/08/25
10/09/25
1,000,000.00 $983,515.83
$992,685.83
$992,925.00

99.29 $992,925.00
$0.00
$239.17 1.79% N
--

4.00%

3.77%
--
A-1
P-1
Credit Agricole
Corporate And
Investment Bank,
New
22533UE82

0.00%
05/08/26
05/08/26

0.35 10/08/25
10/09/25
1,000,000.00 977,317.50
986,347.50
986,838.00

98.68 986,838.00

0.00 490.50 1.78% N
--

3.96%

3.75%
--
A-1
P-1
Natixis, New York
Branch
63873KG27

0.00%
07/02/26
07/02/26

0.50 10/08/25
10/09/25
1,000,000.00 971,700.56
980,637.23
980,962.00

98.10 980,962.00

0.00 324.77 1.77% N
--

3.94%

3.82%
--
A-1
P-1
BNP Paribas New
York Branch
09659CH76

0.00%
08/07/26
08/07/26

0.59 11/12/25
11/13/25
500,000.00 485,982.50
488,555.00
488,648.00

97.73 488,648.00

0.00 93.00 0.88% N
--

3.89%

3.82%
--
A-1
P-1

Page 22 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
14 Portfolio Holdings

0.38 --
--
3,500,000.00 $3,418,516.39
$3,448,225.56
$3,449,373.00

98.56 $3,449,373.00
$0.00
$1,147.44 6.23% N
--

3.95%

3.79%
--
A-1
P-1
CORP

TOYOTA MOTOR

CREDIT CORP
89236TLJ2

4.80%
01/05/26
01/05/26

0.01 01/02/24
01/05/24
175,000.00 $174,865.25
$174,999.24
$175,015.51
100.01
$179,122.17
$4,106.67
$16.27 0.32% N
--

4.84%

3.91%
--
A+
A1

CITIGROUP INC
172967KG5

3.70%
01/12/26
01/12/26

0.03 04/27/23
05/01/23
200,000.00 194,698.00
199,938.23
199,975.76

99.99 203,449.65
3,473.89

37.53 0.37% N
--

4.76%

4.03%
--
BBB+
A3

NATIONAL

RURAL UTILITIES

COOPERATIVE

FINANCE CORP
63743HFH0

4.45%
02/13/26
03/13/26

0.12 02/03/23
02/09/23
125,000.00 124,536.25
124,969.30
125,032.44
100.03
126,701.19
1,668.75

63.14 0.23% Y
02/13/26

4.58%

4.26%

4.17%
AA2

BANK OF AMERICA
CORP
06051GFX2

3.50%
04/19/26
04/19/26

0.30 05/11/23
05/16/23
175,000.00 170,066.75
174,471.97
174,774.28

99.87 175,999.28
1,225.00
302.30 0.32% N
--

4.54%

3.91%
--
AA1

WELLS FARGO &
CO
949746RW3

3.00%
04/22/26
04/22/26

0.30 03/28/23
03/30/23
200,000.00 188,176.00
198,744.03
199,448.87

99.72 200,598.87
1,150.00
704.84 0.36% N
--

5.11%

3.88%
--
BBB+
A1

CATERPILLAR

FINANCIAL

SERVICES CORP
14913UAA8

4.35%
05/15/26
05/15/26

0.37 05/08/23
05/15/23
250,000.00 249,882.50
249,984.74
250,447.62
100.18
251,837.21
1,389.58
462.89 0.46% N
--

4.37%

3.84%
--
A
A2

TOYOTA MOTOR

CREDIT CORP
89236TKT1

4.45%
05/18/26
05/18/26

0.38 05/15/23
05/18/23
210,000.00 209,878.20
209,983.80
210,445.99
100.21
211,562.20
1,116.21
462.19 0.38% N
--

4.47%

3.86%
--
A+
A1

Page 23 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
15 Portfolio Holdings

AMERICAN HONDA

FINANCE CORP
02665WEK3

5.25%
07/07/26
07/07/26

0.49 --
--
200,000.00 199,730.80
199,951.23
201,383.76
100.69
206,458.76
5,075.00
1,432.53 0.37% N
--

5.30%

3.88%
--
AA3

STATE STREET
CORP
857477CD3

5.27%
07/04/26
08/03/26

0.49 07/31/23
08/03/23
200,000.00 200,000.00
200,000.00
201,271.38
100.64
205,606.13
4,334.76
1,271.38 0.37% Y
07/04/26

5.27%

4.16%

4.00%
A
Aa3

PACCAR FINANCIAL
CORP
69371RS56

5.05%
08/10/26
08/10/26

0.58 08/03/23
08/10/23
125,000.00 124,937.50
124,986.61
125,866.20
100.69
128,338.59
2,472.40
879.59 0.23% N
--

5.07%

3.88%
--
A+
A1

BANK OF AMERICA
NA
06428CAA2

5.53%
07/18/26
08/18/26

0.52 08/14/23
08/18/23
275,000.00 275,000.00
275,000.00
277,496.71
100.91
283,110.97
5,614.26
2,496.71 0.51% Y
07/18/26

5.53%

4.04%

3.83%
A+
Aa2

HOME DEPOT INC
437076CV2

4.95%
08/30/26
09/30/26

0.64 11/27/23
12/04/23
105,000.00 104,770.05
104,934.39
105,782.94
100.75
107,096.75
1,313.81
848.55 0.19% Y
08/30/26

5.04%

3.92%

3.80%
A
A2

PEPSICO INC
713448FW3

5.13%
10/10/26
11/10/26

0.75 11/08/23
11/10/23
65,000.00 64,982.45
64,994.75
65,679.50
101.05
66,151.43
471.93
684.75 0.12% Y
10/10/26

5.13%

3.87%

3.74%
A+
A1

GOLDMAN SACHS

GROUP INC
38145GAH3

3.50%
11/16/26
11/16/26

0.74 08/07/23
08/09/23
200,000.00 188,710.00
196,795.78
199,302.86

99.65 200,177.86
875.00
2,507.07 0.36% Y
05/16/26

5.41%

3.91%

4.43%
BBB+
A2

WELLS FARGO

BANK NA
94988J6F9

5.25%
11/10/26
12/11/26

0.83 12/04/23
12/11/23
375,000.00 375,000.00
375,000.00
379,519.88
101.21
380,614.46
1,094.58
4,519.88 0.69% Y
11/10/26

5.25%

3.94%

3.81%
A+
Aa2

JOHN DEERE

CAPITAL CORP
24422EXF1

4.50%
01/08/27
01/08/27

0.97 01/02/24
01/08/24
200,000.00 199,778.00
199,921.26
201,513.73
100.76
205,838.73
4,325.00
1,592.47 0.37% N
--

4.54%

3.74%
--
A
A1

Page 24 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
16 Portfolio Holdings

AUSTRALIA AND

NEW ZEALAND

BANKING GROUP

LTD (NEW Y
05253JAZ4

4.75%
01/18/27
01/18/27

0.99 01/08/24
01/18/24
250,000.00 250,000.00
250,000.00
252,411.13
100.96
257,787.87
5,376.74
2,411.13 0.47% N
--

4.75%

3.80%
--
AAAa2

COMCAST CORP
20030NBY6

3.30%
02/01/27
02/01/27

0.98 10/31/23
11/02/23
200,000.00 186,160.00
195,101.67
198,828.09

99.41 201,578.09
2,750.00
3,726.42 0.36% Y
11/01/26

5.66%

3.86%

4.02%
AA3

TOYOTA MOTOR

CREDIT CORP
89236TMS1

4.35%
10/08/27
10/08/27

1.68 12/02/25
12/03/25
500,000.00 504,935.00
504,731.53
504,838.90
100.97
509,853.48
5,014.58
107.37 0.92% N
--

3.79%

3.78%
--
A+
A1

PACCAR FINANCIAL
CORP
69371RT63

4.55%
03/03/28
03/03/28

2.03 12/03/25
12/04/25
500,000.00 508,505.00
508,228.89
508,202.33
101.64
515,659.27
7,456.94
(26.56) 0.93% N
--

3.75%

3.75%
--
A+
A1

GOLDMAN SACHS

GROUP INC
38141GZR8

3.62%
03/15/28
03/15/28

1.16 12/02/25
12/03/25
500,000.00 496,990.00
497,503.77
497,223.86

99.44 502,545.94
5,322.08
(279.92) 0.91% Y
03/15/27

4.75%

4.78%

4.09%
BBB+
A2

CITIGROUP INC
172967PZ8

4.64%
05/07/27
05/07/28

1.29 12/02/25
12/03/25
500,000.00 503,625.00
503,427.84
504,058.78
100.81
507,541.03
3,482.25
630.93 0.92% Y
05/07/27

4.11%

4.40%

4.02%
BBB+
A3
PFIZER

INVESTMENT

ENTERPRISES PTE
LTD
716973AC6

4.45%
04/19/28
05/19/28

2.18 12/02/25
12/03/25
500,000.00 505,695.00
505,511.91
506,629.17
101.33
509,225.00
2,595.83
1,117.26 0.92% Y
04/19/28

3.94%

3.86%

3.84%
A
A2

BANK OF AMERICA
CORP
06051GKW8

4.95%
07/22/27
07/22/28

1.46 12/02/25
12/03/25
500,000.00 507,070.00
506,752.11
507,079.56
101.42
518,006.39
10,926.83
327.45 0.94% Y
07/22/27

4.04%

4.69%

4.00%
AA1

Page 25 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
17 Portfolio Holdings

JPMORGAN CHASE
& CO
46647PDG8

4.85%
07/25/27
07/25/28

1.47 12/02/25
12/03/25
500,000.00 506,585.00
506,290.26
506,428.24
101.29
516,938.74
10,510.50
137.98 0.93% Y
07/25/27

4.01%

4.67%

3.99%
A
A1

BANK OF

MONTREAL
06368MXU3

4.06%
09/22/27
09/22/28

1.63 12/04/25
12/05/25
750,000.00 750,307.50
750,302.81
750,502.18
100.07
758,880.05
8,377.88
199.36 1.37% Y
09/22/27

4.04%
--
--
AA2
AMAZON.COM INC
023135CT1

4.10%
10/20/30
11/20/30

4.36 --
11/20/25
500,000.00 500,612.50
500,599.32
500,545.11
100.11
502,879.83
2,334.72
(54.21) 0.91% Y
10/20/30

4.07%

4.07%
AA
A1
CORP TOTAL 06/21/27
10/07/27

1.32 --
--
8,280,000.00 $8,265,496.75
$8,303,125.45
$8,329,704.74
100.61
$8,433,559.94
$103,855.19
$26,579.29 15.24%
--

4.45%

4.10%

3.99%
A
A1
CD
Toronto-Dominion
Bank - New York
Branch
89115D3Z7

4.05%
01/15/26
01/15/26

0.04 10/09/25
10/10/25
1,000,000.00 $1,000,000.00
$1,000,000.00
$1,000,092.00
100.01
$1,009,429.50
$9,337.50
$92.00 1.82% N
--

4.05%

3.79%
--
NA
P-1
Coöperatieve
Rabobank U.A., New
York Branch
21684LGS5

5.08%
07/17/26
07/17/26

0.53 07/17/23
07/20/23
475,000.00 475,000.00
475,000.00
479,329.25
100.91
490,589.91
11,260.67
4,329.25 0.89% N
--

5.08%

3.39%
--
A+
Aa2
Natixis, New York
Branch
63873QP65

5.61%
09/18/26
09/18/26

0.70 09/18/23
09/20/23
375,000.00 375,000.00
375,000.00
379,715.55
101.26
427,784.80
48,069.25
4,715.55 0.77% N
--

5.61%

3.37%
--
A+
A1
CD TOTAL 04/26/26
04/26/26

0.31 --
--
1,850,000.00 $1,850,000.00
$1,850,000.00
$1,859,136.80
100.52
$1,927,804.21
$68,667.41
$9,136.80 3.48% N
--

4.65%

3.60%
--
A+
Aa2
ABS

Page 26 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
18 Portfolio Holdings

4.87%
05/15/26
05/15/26

0.36 06/07/23
06/14/23
140,000.00 $139,987.58
$139,998.15
$140,512.05
100.37
$140,815.07
$303.02
$513.90 0.25% Y
--

4.92%

3.88%
--
AAA
NA
BACCT 2023-2 A
05522RDH8

4.98%
11/16/26
11/16/26

0.84 12/07/23
12/14/23
170,000.00 169,977.17
169,992.53
171,764.55
101.04
172,140.82
376.27
1,772.02 0.31% Y
--

5.04%

3.79%
--
NA
Aaa
TAOT 2022-C A3
89231CAD9

3.76%
05/15/26
04/15/27

0.17 08/08/22
08/16/22
15,619.25 15,616.64
15,619.06
15,616.36

99.98 15,642.46

26.10 (2.70) 0.03% Y
--

3.80%
--
--
AAA
NA
CARMX 2022-3 A3
14318MAD1

3.97%
03/15/26
04/15/27

0.11 07/12/22
07/20/22
22,298.04 22,297.51
22,298.01
22,297.33
100.00
22,336.68

39.34 (0.68) 0.04% Y
--

4.00%
--
--
AAA
NA
GMCAR 2022-3 A3
36265WAD5

3.64%
02/16/26
04/16/27

0.04 07/06/22
07/13/22
426.53 426.53
426.53
426.46

99.98 427.11

0.65 (0.07) 0.00% Y
--

3.67%
--
--
NA
Aaa
ALLYA 2022-2 A3
02008MAC3

4.76%
04/15/26
05/17/27

0.12 10/04/22
10/12/22
37,076.07 37,075.61
37,076.04
37,102.22
100.07
37,180.66

78.44 26.18 0.07% Y
--

4.81%
--
--
AAA
Aaa
NAROT 2022-B A3
65480JAC4

4.46%
08/15/26
05/17/27

0.29 09/20/22
09/28/22
48,850.69 48,840.59
48,849.40
48,902.02
100.11
48,998.86

96.83 52.63 0.09% Y
--

4.51%
--
--
AAA
Aaa
HART 2022-C A3
44933DAD3

5.39%
05/15/26
06/15/27

0.18 11/01/22
11/09/22
50,551.52 50,551.28
50,551.51
50,663.05
100.22
50,784.14
121.10
111.53 0.09% Y
--

5.45%
--
--
AAA
NA
CARMX 2022-4 A3
14318UAD3

5.34%
07/15/26
08/16/27

0.24 10/26/22
10/31/22
59,010.07 58,996.23
59,008.47
59,178.18
100.28
59,318.23
140.05
169.72 0.11% Y
--

5.41%
--
--
AAA
NA
MBART 2022-1 A3
58768PAC8

5.21%
08/15/26
08/16/27

0.27 11/15/22
11/22/22
69,738.60 69,724.80
69,736.76
69,944.09
100.29
70,105.58
161.48
207.33 0.13% Y
--

5.28%
--
--
AAA
Aaa
TAOT 2023-A A3
891940AC2

4.63%
10/15/26
09/15/27

0.35 01/24/23
01/30/23
56,500.38 56,500.36
56,500.36
56,630.21
100.23
56,746.47
116.27
129.84 0.10% Y
--

4.67%
--
--
AAA
NA

Page 27 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
19 Portfolio Holdings

5.30%
10/15/26
09/15/27

0.36 11/01/22
11/08/22
37,335.68 37,332.00
37,335.17
37,487.48
100.41
37,575.42

87.95 152.31 0.07% Y
--

5.36%
--
--
NA
Aaa
NAROT 2023-A A3
65480WAD3

4.91%
12/15/26
11/15/27

0.43 04/18/23
04/26/23
87,171.61 87,156.21
87,168.59
87,419.19
100.28
87,609.42
190.23
250.61 0.16% Y
--

4.97%
--
--
NA
Aaa
HAROT 2023-2 A3
437927AC0

4.93%
01/15/27
11/15/27

0.48 05/23/23
05/30/23
83,415.55 83,402.04
83,412.81
83,802.25
100.46
83,985.02
182.77
389.44 0.15% Y
--

4.99%
--
--
AAA
Aaa
HDMOT 2023-A A3
41285JAD0

5.05%
09/15/26
12/15/27

0.33 02/13/23
02/23/23
50,550.00 50,544.91
50,549.22
50,702.20
100.30
50,815.66
113.46
152.98 0.09% Y
--

5.11%
--
--
NA
Aaa
TAOT 2023-B A3
891941AD8

4.71%
03/15/27
02/15/28

0.54 05/16/23
05/23/23
106,972.69 106,966.71
106,971.33
107,376.76
100.38
107,600.68
223.93
405.42 0.19% Y
--

4.76%
--
--
NA
Aaa
FORDO 2023-A A3
344928AD8

4.65%
01/15/27
02/15/28

0.46 03/28/23
03/31/23
50,268.57 50,263.33
50,267.51
50,399.55
100.26
50,503.44
103.89
132.04 0.09% Y
--

4.70%
--
--
AAA
NA
GMCAR 2023-2 A3
362583AD8

4.47%
01/16/27
02/16/28

0.46 04/04/23
04/12/23
55,591.51 55,589.99
55,591.23
55,688.57
100.17
55,792.11
103.54

97.34 0.10% Y
--

4.51%
--
--
AAA
Aaa
BMWOT 2023-A A3
05592XAD2

5.47%
02/25/27
02/25/28

0.50 07/11/23
07/18/23
36,076.55 36,070.16
36,075.13
36,294.18
100.60
36,327.07

32.89 219.05 0.07% Y
--

5.54%
--
--
AAA
NA
NAROT 2023-B A3
65480MAD5

5.93%
04/15/27
03/15/28

0.52 10/18/23
10/25/23
61,583.35 61,570.85
61,580.19
62,096.64
100.83
62,258.95
162.31
516.45 0.11% Y
--

6.01%
--
--
NA
Aaa
HART 2023-B A3
44933XAD9

5.48%
02/15/27
04/17/28

0.53 07/11/23
07/19/23
39,370.72 39,369.01
39,370.31
39,646.93
100.70
39,742.81

95.89 276.62 0.07% Y
--

5.54%
--
--
AAA
NA
FORDO 2023-B A3
344930AD4

5.23%
05/15/27
05/15/28

0.59 06/21/23
06/26/23
85,368.17 85,367.02
85,367.85
85,920.00
100.65
86,118.43
198.43
552.15 0.16% Y
--

5.29%
--
--
AAA
NA

Page 28 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
20 Portfolio Holdings

5.45%
06/16/27
06/16/28

0.61 07/11/23
07/19/23
42,171.89 42,170.26
42,171.45
42,475.18
100.72
42,570.95

95.77 303.73 0.08% Y
--

5.51%
--
--
AAA
Aaa
HAROT 2023-4 A3
438123AC5

5.67%
10/21/27
06/21/28

0.73 11/01/23
11/08/23
60,238.82 60,228.21
60,235.65
60,896.20
101.09
60,991.08

94.88 660.55 0.11% Y
--

5.74%
--
--
NA
Aaa
FITAT 2023-1 A3
31680EAD3

5.53%
07/15/27
08/15/28

0.66 08/15/23
08/23/23
158,045.42 158,035.63
158,042.56
159,355.83
100.83
159,744.27
388.44
1,313.26 0.29% Y
--

5.60%
--
--
AAA
Aaa
COMET 2024-1 A
14041NGE5

3.92%
09/15/27
09/17/29

1.62 12/03/25
12/04/25
750,000.00 751,904.30
751,826.05
752,099.78
100.28
753,406.44
1,306.67
273.73 1.36% Y
--

3.80%

3.77%
--
AAA
NA
AMXCA 2025-1 A
02582JKM1

4.56%
12/15/27
12/17/29

1.84 12/03/25
12/04/25
750,000.00 762,158.20
761,718.73
762,131.85
101.62
763,651.85
1,520.00
413.12 1.38% Y
--

3.76%

3.72%
--
AAA
NA
CARMX 2024-3 A4
14319GAE1

4.85%
03/15/29
01/15/30

2.67 11/19/25
11/20/25
750,000.00 764,560.55
764,041.33
765,482.03
102.06
767,098.69
1,616.67
1,440.70 1.39% Y
--

4.20%
--
--
AAA
Aaa
HART 2025-C A3
44935JAD8

3.88%
04/15/29
04/15/30

2.19 12/02/25
12/03/25
750,000.00 751,171.88
751,135.66
751,568.55
100.21
752,861.88
1,293.33
432.89 1.36% Y
--

3.84%
--
--
AAA
NA
TAOT 2024-D A4
89239TAE2

4.43%
03/15/29
04/15/30

2.67 12/02/25
12/03/25
500,000.00 506,367.19
506,208.10
506,319.25
101.26
507,303.69
984.44
111.15 0.92% Y
--

4.01%
--
--
AAA
Aaa
VWALT 2025-B A4
92868BAE3

4.00%
01/20/28
05/20/30

1.87 12/02/25
12/03/25
750,000.00 751,699.22
751,636.85
752,161.80
100.29
753,078.47
916.67
524.95 1.36% Y
--

3.92%
--
--
AAA
Aaa
GMCAR 2025-3 A3
379957AD5

4.18%
06/16/29
08/16/30

2.08 11/19/25
11/20/25
500,000.00 503,085.94
502,940.66
504,032.70
100.81
504,903.53
870.83
1,092.04 0.91% Y
--

3.94%
--
--
AAA
NA
ABS TOTAL 03/16/28
07/19/29

1.70 --
--
6,374,231.69 $6,415,007.89
$6,413,703.21
$6,426,393.42
100.82
$6,438,435.95
$12,042.52
$12,690.21 11.63% Y
--

4.23%

3.76%
--
AAA
Aaa
YANKEE

Page 29 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
21 Portfolio Holdings

NATIONAL

AUSTRALIA BANK

LTD (NEW YORK

BRANCH)
63253QAA2

4.97%
01/12/26
01/12/26

0.03 01/04/23
01/12/23
415,000.00 $415,000.00
$415,000.00
$415,092.10
100.02
$424,766.83
$9,674.73
$92.10 0.77% N
--

4.97%

4.14%
--
AAAa2
YANKEE TOTAL 01/12/26
01/12/26

0.03 01/04/23
01/12/23
415,000.00 $415,000.00
$415,000.00
$415,092.10
100.02
$424,766.83
$9,674.73
$92.10 0.77% N
--

4.97%

4.14%
--
AAAa2
PORTFOLIO TOTAL 03/17/27
05/31/27

1.09 --
--
54,979,319.96 $54,656,356.33
$54,874,461.92
$54,979,933.21

98.50 $55,338,218.59
$358,285.38
$105,471.28 100.00%
--

3.98%

3.64%

3.99%
AAAa2

Page 30 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
22 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount

UNITED STATES TREASURY
912797SL2
1,800,000.00 Buy 10/08/25 10/09/25 98.128 $1,766,307.25 $0.00 Bank of Montreal Chicago
($1,766,307.25)
MUFG Bank, Ltd., New York
Branch
62479MC92
1,000,000.00 Buy 10/08/25 10/09/25 98.352 983,515.83 0.00 J.P. MORGAN

SECURITIES LLC
(983,515.83)

UNITED STATES TREASURY
912797SA6
1,200,000.00 Buy 10/08/25 10/09/25 96.519 1,158,228.03 0.00 Bank of Montreal Chicago
(1,158,228.03)
Credit Agricole Corporate And
Investment Bank, New
22533UE82
1,000,000.00 Buy 10/08/25 10/09/25 97.732 977,317.50 0.00 J.P. MORGAN

SECURITIES LLC
(977,317.50)

UNITED STATES TREASURY
912797RV1
800,000.00 Buy 10/08/25 10/09/25 98.483 787,864.33 0.00 Bank of Montreal Chicago
(787,864.33)

UNITED STATES TREASURY
912797RT6
1,800,000.00 Buy 10/08/25 10/09/25 98.695 1,776,508.88 0.00 Bank of Montreal Chicago
(1,776,508.88)

UNITED STATES TREASURY
912797RS8
1,300,000.00 Buy 10/08/25 10/09/25 96.799 1,258,385.38 0.00 Bank of Montreal Chicago
(1,258,385.38)

UNITED STATES TREASURY
912797QZ3
1,800,000.00 Buy 10/08/25 10/09/25 99.245 1,786,411.25 0.00 Bank of Montreal Chicago
(1,786,411.25)

UNITED STATES TREASURY
912797RG4
1,300,000.00 Buy 10/08/25 10/09/25 97.039 1,261,508.58 0.00 Bank of Montreal Chicago
(1,261,508.58)

UNITED STATES TREASURY
912797RF6
800,000.00 Buy 10/08/25 10/09/25 97.314 778,508.83 0.00 Bank of Montreal Chicago
(778,508.83)

UNITED STATES TREASURY
912797QX8
1,800,000.00 Buy 10/08/25 10/09/25 97.593 1,756,665.62 0.00 MORGAN STANLEY & CO. LLC
(1,756,665.62)

UNITED STATES TREASURY
912797RH2
800,000.00 Buy 10/08/25 10/09/25 99.027 792,219.50 0.00 Bank of Montreal Chicago
(792,219.50)

UNITED STATES TREASURY
912797RN9
1,800,000.00 Buy 10/08/25 10/09/25 99.622 1,793,204.25 0.00 Bank of Montreal Chicago
(1,793,204.25)
Natixis, New York Branch
63873KG27
1,000,000.00 Buy 10/08/25 10/09/25 97.170 971,700.56 0.00 BOFA SECURITIES, INC (971,700.56)

UNITED STATES TREASURY
912797QN0
800,000.00 Buy 10/08/25 10/09/25 97.860 782,876.29 0.00 RBC CAPITAL

MARKETS, LLC
(782,876.29)
Toronto-Dominion Bank - New
York Branch
89115D3Z7
1,000,000.00 Buy 10/09/25 10/10/25 100.000 1,000,000.00 0.00 Barclays Capital, Inc. (1,000,000.00)

Page 31 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
23 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount

UNITED STATES TREASURY
91282CMF5
1,000,000.00 Buy 10/14/25 10/15/25 101.602 1,016,015.63 0.00 CITIGROUP GLOBAL MARKETS INC.
(1,026,640.63)

UNITED STATES TREASURY
91282CJA0
1,500,000.00 Buy 10/14/25 10/15/25 103.156 1,547,343.75 0.00 MORGAN STANLEY & CO. LLC
(1,550,202.61)
BNP Paribas New York Branch
09659CH76
500,000.00 Buy 11/12/25 11/13/25 97.197 485,982.50 0.00 J.P. MORGAN

SECURITIES LLC
(485,982.50)

UNITED STATES TREASURY
912797SK4
1,300,000.00 Buy 11/12/25 11/13/25 96.596 1,255,748.09 0.00 Bank of Montreal Chicago
(1,255,748.09)
AMAZON.COM INC
023135CT1
250,000.00 Buy 11/17/25 11/20/25 99.893 249,732.50 0.00 J.P. MORGAN

SECURITIES LLC
(249,732.50)

UNITED STATES TREASURY
91282CFH9
1,000,000.00 Buy 11/18/25 11/19/25 99.199 991,992.19 0.00 MORGAN STANLEY & CO. LLC
(998,898.27)
AMAZON.COM INC
023135CT1
250,000.00 Buy 11/18/25 11/20/25 100.352 250,880.00 0.00 MARKETAXESS

CORPORATION
(250,880.00)
CARMX 2024-3 A4
14319GAE1
750,000.00 Buy 11/19/25 11/20/25 101.941 764,560.55 0.00 US BANCORP INVESTMENTS INC.
(765,065.76)
GMCAR 2025-3 A3
379957AD5
500,000.00 Buy 11/19/25 11/20/25 100.617 503,085.94 0.00 SCOTIA CAPITAL (USA) INC.
(503,318.16)

UNITED STATES TREASURY
91282CFZ9
500,000.00 Buy 11/21/25 11/24/25 100.734 503,671.88 0.00 MORGAN STANLEY & CO. LLC
(513,041.76)

JPMORGAN CHASE & CO
46647PDG8
500,000.00 Buy 12/02/25 12/03/25 101.317 506,585.00 0.00 MARKETAXESS

CORPORATION
(515,209.00)
HART 2025-C A3
44935JAD8
750,000.00 Buy 12/02/25 12/03/25 100.156 751,171.88 0.00 US BANCORP INVESTMENTS INC.
(752,626.88)
TAOT 2024-D A4
89239TAE2
500,000.00 Buy 12/02/25 12/03/25 101.273 506,367.19 0.00 US BANCORP INVESTMENTS INC.
(507,474.69)

UNITED STATES TREASURY
91282CMF5
1,000,000.00 Buy 12/02/25 12/03/25 101.457 1,014,570.31 0.00 MORGAN STANLEY & CO. LLC
(1,030,854.28)

PFIZER INVESTMENT

ENTERPRISES PTE LTD
716973AC6
500,000.00 Buy 12/02/25 12/03/25 101.139 505,695.00 0.00 MARKETAXESS

CORPORATION
(506,560.28)

TOYOTA MOTOR CREDIT CORP
89236TMS1
500,000.00 Buy 12/02/25 12/03/25 100.987 504,935.00 0.00 MARKETAXESS

CORPORATION
(508,257.92)

BANK OF AMERICA CORP
06051GKW8
500,000.00 Buy 12/02/25 12/03/25 101.414 507,070.00 0.00 MARKETAXESS

CORPORATION
(516,072.61)

Page 32 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
24 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount

CITIGROUP INC
172967PZ8
500,000.00 Buy 12/02/25 12/03/25 100.725 503,625.00 0.00 MARKETAXESS

CORPORATION
(505,301.64)

GOLDMAN SACHS GROUP INC
38141GZR8
500,000.00 Buy 12/02/25 12/03/25 99.398 496,990.00 0.00 MARKETAXESS

CORPORATION
(500,906.25)
VWALT 2025-B A4
92868BAE3
750,000.00 Buy 12/02/25 12/03/25 100.227 751,699.22 0.00 RBC CAPITAL

MARKETS, LLC
(752,782.55)
AMXCA 2025-1 A
02582JKM1
750,000.00 Buy 12/03/25 12/04/25 101.621 762,158.20 0.00 US BANCORP INVESTMENTS INC.
(763,963.20)
COMET 2024-1 A
14041NGE5
750,000.00 Buy 12/03/25 12/04/25 100.254 751,904.30 0.00 MITSUBISHI UFJ

SECURITIES (USA),
INC.
(753,455.97)

PACCAR FINANCIAL CORP
69371RT63
500,000.00 Buy 12/03/25 12/04/25 101.701 508,505.00 0.00 MARKETAXESS

CORPORATION
(514,255.69)

UNITED STATES TREASURY
91282CMN8
1,000,000.00 Buy 12/04/25 12/05/25 101.527 1,015,273.44 0.00 MORGAN STANLEY & CO. LLC
(1,028,208.22)

UNITED STATES TREASURY
91282CNP2
500,000.00 Buy 12/04/25 12/05/25 100.520 502,597.66 0.00 MORGAN STANLEY & CO. LLC
(509,284.14)

BANK OF MONTREAL
06368MXU3
750,000.00 Buy 12/04/25 12/05/25 100.041 750,307.50 0.00 MARKETAXESS

CORPORATION
(756,485.13)

UNITED STATES TREASURY
91282CFZ9
1,000,000.00 Buy 12/04/25 12/05/25 100.672 1,006,718.75 0.00 RBC CAPITAL

MARKETS, LLC
(1,007,251.03)

UNITED STATES TREASURY
91282CKG5
1,250,000.00 Buy 12/15/25 12/16/25 101.676 1,270,947.27 0.00 RBC CAPITAL

MARKETS, LLC
(1,281,854.72)

UNITED STATES TREASURY
91282CHY0
500,000.00 Buy 12/17/25 12/18/25 100.766 503,828.13 0.00 Bank of Montreal Chicago
(509,832.96)

UNITED STATES TREASURY
91282CJP7
1,300,000.00 Buy 12/17/25 12/18/25 100.828 1,310,765.63 0.00 MORGAN STANLEY & CO. LLC
(1,311,234.38)

UNITED STATES TREASURY
91282CPP0
1,250,000.00 Buy 12/23/25 12/24/25 99.699 1,246,240.23 0.00 J.P. MORGAN

SECURITIES LLC
(1,247,321.96)
Buy Total $42,878,189.82 $0.00 ($43,009,925.86)

UNITED STATES TREASURY
91282CHB0
(1,700,000.00) Sell 12/02/25 12/03/25 99.961 ($1,699,335.94) $2,007.73 Bank of Montreal Chicago
$1,702,400.17

UNITED STATES TREASURY
91282CGL9
(930,000.00) Sell 12/02/25 12/03/25 100.055 (930,508.59) 1,678.80 J.P. MORGAN

SECURITIES LLC
941,628.16

Page 33 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
25 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount

UNITED STATES TREASURY
91282CGE5
(1,000,000.00) Sell 12/02/25 12/03/25 100.004 (1,000,039.06) 134.07 CITIGROUP GLOBAL MARKETS INC.
1,014,886.21
BACCT 2023-1 A
05522RDG0
(120,000.00) Sell 12/03/25 12/04/25 100.313 (120,375.00) 379.27 BOFA SECURITIES, INC 120,678.37 DCENT 2023-1 A
254683CY9
(300,000.00) Sell 12/03/25 12/04/25 100.082 (300,246.09) 248.10 US BANCORP INVESTMENTS INC.
300,928.51
CHAIT 2023-1 A
161571HT4
(380,000.00) Sell 12/03/25 12/04/25 100.977 (383,710.94) 3,739.93 US BANCORP INVESTMENTS INC.
384,745.81

UNITED STATES TREASURY
91282CGV7
(1,150,000.00) Sell 12/03/25 12/04/25 100.023 (1,150,269.53) 608.44 J.P. MORGAN

SECURITIES LLC
1,156,193.29

UNITED STATES TREASURY
91282CHM6
(1,550,000.00) Sell 12/04/25 12/05/25 100.496 (1,557,689.45) 8,223.02 CITIGROUP GLOBAL MARKETS INC.
1,584,793.39

UNITED STATES TREASURY
91282CGE5
(1,550,000.00) Sell 12/04/25 12/05/25 100.004 (1,550,060.55) 200.97 CITIGROUP GLOBAL MARKETS INC.
1,573,400.05

UNITED STATES TREASURY
91282CHY0
(1,000,000.00) Sell 12/15/25 12/16/25 100.770 (1,007,695.31) 9,593.22 CITIGROUP GLOBAL MARKETS INC.
1,019,449.45

UNITED STATES TREASURY
91282CHH7
(975,000.00) Sell 12/23/25 12/24/25 100.309 (978,008.79) 4,619.80 MORGAN STANLEY & CO. LLC
979,003.21
Sell Total $31,433.35 $10,778,106.62

AMERICAN HONDA FINANCE
CORP
02665WEQ0
(175,000.00) Maturity 10/03/25 10/03/25 100.000 ($175,000.00) $0.00 Maturity $175,000.00

LOCKHEED MARTIN CORP
539830BU2
(175,000.00) Maturity 10/15/25 10/15/25 100.000 (175,000.00) 0.00 Maturity 175,000.00

UNITEDHEALTH GROUP INC
91324PEN8
(80,000.00) Maturity 10/15/25 10/15/25 100.000 (80,000.00) 0.00 Maturity 80,000.00 Toronto-Dominion Bank - New
York Branch
89115B6K1
(500,000.00) Maturity 10/27/25 10/27/25 100.000 (500,000.00) 0.00 Maturity 500,000.00 Nordea ABP - New York Branch
65558UYF3
(500,000.00) Maturity 11/03/25 11/03/25 100.000 (500,000.00) 0.00 Maturity 500,000.00

UNITED STATES TREASURY
912797RN9
(1,800,000.00) Maturity 11/12/25 11/12/25 100.000 (1,800,000.00) (0.00) Maturity 1,800,000.00

BRISTOL-MYERS SQUIBB CO
110122DN5
(125,000.00) Maturity 11/13/25 11/13/25 100.000 (125,000.00) 0.00 Maturity 125,000.00

Page 34 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
26 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount

UNITED STATES TREASURY
91282CFW6
(1,125,000.00) Maturity 11/15/25 11/15/25 100.000 (1,125,000.00) 0.00 Maturity 1,125,000.00

AUSTRALIA AND NEW

ZEALAND BANKING GROUP

LTD (NEW Y
05254JAA8
(250,000.00) Maturity 12/08/25 12/08/25 100.000 (250,000.00) 0.00 Maturity 250,000.00

UNITED STATES TREASURY
912797QZ3
(1,800,000.00) Maturity 12/18/25 12/18/25 100.000 (1,800,000.00) (0.00) Maturity 1,800,000.00 Maturity Total ($6,530,000.00) ($0.00) $6,530,000.00
FHMS K-736 A2
3137FNWX4
(403.76) Principal
Paydown
10/01/25 10/01/25 ($403.76) ($0.00) Direct $403.76
FHMS K-053 A2
3137BN6G4
(50,732.57) Principal
Paydown
10/01/25 10/01/25 (50,732.57) 0.01 Direct 50,732.57
FHMS K-059 A2
3137BSRE5
(565.74) Principal
Paydown
10/01/25 10/01/25 (565.74) (0.00) Direct 565.74
FHMS K-062 A2
3137BUX60
(443.44) Principal
Paydown
10/01/25 10/01/25 (443.44) (0.00) Direct 443.44
FNA 2016-M03 A2
3136ARTE8
(3,282.09) Principal
Paydown
10/01/25 10/01/25 (3,282.09) 0.00 Direct 3,282.09
FHMS K-054 A2
3137BNGT5
(72,479.32) Principal
Paydown
10/01/25 10/01/25 (72,479.32) 0.00 Direct 72,479.32
FNA 2016-M12 A2
3136AUKX8
(13,195.16) Principal
Paydown
10/01/25 10/01/25 (13,195.16) (0.00) Direct 13,195.16
FHMS K-057 A2
3137BRQJ7
(930.73) Principal
Paydown
10/01/25 10/01/25 (930.73) 0.00 Direct 930.73
FHMS K-092 A1
3137FLYU2
(4,286.99) Principal
Paydown
10/01/25 10/01/25 (4,286.99) 0.00 Direct 4,286.99
CARMX 2022-2 A3
14317HAC5
(6,527.94) Principal
Paydown
10/15/25 10/15/25 (6,527.94) (0.00) Direct 6,527.94
TAOT 2022-D A3
89239HAD0
(5,084.16) Principal
Paydown
10/15/25 10/15/25 (5,084.15) (0.01) Direct 5,084.15
CARMX 2022-3 A3
14318MAD1
(10,751.95) Principal
Paydown
10/15/25 10/15/25 (10,751.95) 0.00 Direct 10,751.95
MBART 2022-1 A3
58768PAC8
(15,176.71) Principal
Paydown
10/15/25 10/15/25 (15,176.71) 0.00 Direct 15,176.71

Page 35 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
27 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
HART 2023-B A3
44933XAD9
(4,086.03) Principal
Paydown
10/15/25 10/15/25 (4,086.03) (0.00) Direct 4,086.03
ALLYA 2022-2 A3
02008MAC3
(18,330.27) Principal
Paydown
10/15/25 10/15/25 (18,330.27) (0.00) Direct 18,330.27
HAROT 2023-2 A3
437927AC0
(9,642.38) Principal
Paydown
10/15/25 10/15/25 (9,642.38) (0.00) Direct 9,642.38
HDMOT 2023-A A3
41285JAD0
(8,144.62) Principal
Paydown
10/15/25 10/15/25 (8,144.62) (0.00) Direct 8,144.62
FORDO 2023-B A3
344930AD4
(8,823.27) Principal
Paydown
10/15/25 10/15/25 (8,823.27) 0.00 Direct 8,823.27
ALLYA 2022-1 A3
02008JAC0
(106.72) Principal
Paydown
10/15/25 10/15/25 (106.72) (0.00) Direct 106.72
TAOT 2023-A A3
891940AC2
(7,866.80) Principal
Paydown
10/15/25 10/15/25 (7,866.80) (0.00) Direct 7,866.80
TAOT 2022-C A3
89231CAD9
(4,543.24) Principal
Paydown
10/15/25 10/15/25 (4,543.24) (0.00) Direct 4,543.24
CARMX 2022-4 A3
14318UAD3
(12,713.62) Principal
Paydown
10/15/25 10/15/25 (12,713.62) (0.00) Direct 12,713.62
NAROT 2023-B A3
65480MAD5
(7,774.25) Principal
Paydown
10/15/25 10/15/25 (7,774.25) 0.00 Direct 7,774.25
FITAT 2023-1 A3
31680EAD3
(14,720.29) Principal
Paydown
10/15/25 10/15/25 (14,720.29) (0.00) Direct 14,720.29
HART 2022-C A3
44933DAD3
(14,918.36) Principal
Paydown
10/15/25 10/15/25 (14,918.36) 0.00 Direct 14,918.36
TAOT 2022-B A3
89238FAD5
(5,018.57) Principal
Paydown
10/15/25 10/15/25 (5,018.57) 0.00 Direct 5,018.57
AMXCA 2022-4 A
02582JJX9
(120,000.00) Principal
Paydown
10/15/25 10/15/25 (120,000.00) 0.00 Direct 120,000.00
NAROT 2023-A A3
65480WAD3
(13,644.02) Principal
Paydown
10/15/25 10/15/25 (13,644.02) 0.00 Direct 13,644.02
NAROT 2022-B A3
65480JAC4
(10,068.26) Principal
Paydown
10/15/25 10/15/25 (10,068.26) (0.00) Direct 10,068.26
TAOT 2023-B A3
891941AD8
(10,411.94) Principal
Paydown
10/15/25 10/15/25 (10,411.94) (0.00) Direct 10,411.94

Page 36 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
28 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
FORDO 2023-A A3
344928AD8
(6,439.00) Principal
Paydown
10/15/25 10/15/25 (6,439.00) (0.00) Direct 6,439.00
GMCAR 2022-3 A3
36265WAD5
(6,807.94) Principal
Paydown
10/16/25 10/16/25 (6,807.94) 0.00 Direct 6,807.94
GMCAR 2022-2 A3
362585AC5
(4,256.34) Principal
Paydown
10/16/25 10/16/25 (4,256.34) 0.00 Direct 4,256.34
GMCAR 2023-2 A3
362583AD8
(7,091.48) Principal
Paydown
10/16/25 10/16/25 (7,091.48) (0.00) Direct 7,091.48
GMCAR 2023-3 A3
36267KAD9
(4,162.16) Principal
Paydown
10/16/25 10/16/25 (4,162.16) 0.00 Direct 4,162.16
HAROT 2023-4 A3
438123AC5
(4,983.59) Principal
Paydown
10/21/25 10/21/25 (4,983.59) 0.00 Direct 4,983.59
BMWOT 2023-A A3
05592XAD2
(4,663.50) Principal
Paydown
10/25/25 10/25/25 (4,663.50) 0.00 Direct 4,663.50
FHMS K-053 A2
3137BN6G4
(71,043.12) Principal
Paydown
11/01/25 11/01/25 (71,043.12) 0.00 Direct 71,043.12
FHMS K-059 A2
3137BSRE5
(539.66) Principal
Paydown
11/01/25 11/01/25 (539.66) 0.00 Direct 539.66
FHMS K-054 A2
3137BNGT5
(81,259.78) Principal
Paydown
11/01/25 11/01/25 (81,259.78) 0.00 Direct 81,259.78
FHMS K-736 A2
3137FNWX4
(380.49) Principal
Paydown
11/01/25 11/01/25 (380.49) (0.00) Direct 380.49
FNA 2016-M12 A2
3136AUKX8
(465.04) Principal
Paydown
11/01/25 11/01/25 (465.04) (0.00) Direct 465.04
FNA 2016-M03 A2
3136ARTE8
(30,405.91) Principal
Paydown
11/01/25 11/01/25 (30,405.91) 0.00 Direct 30,405.91
FHMS K-092 A1
3137FLYU2
(3,945.57) Principal
Paydown
11/01/25 11/01/25 (3,945.57) 0.00 Direct 3,945.57
FHMS K-062 A2
3137BUX60
(1,148.67) Principal
Paydown
11/01/25 11/01/25 (1,148.66) (0.01) Direct 1,148.66
FHMS K-057 A2
3137BRQJ7
(878.81) Principal
Paydown
11/01/25 11/01/25 (878.81) (0.00) Direct 878.81
HART 2022-C A3
44933DAD3
(15,316.59) Principal
Paydown
11/15/25 11/15/25 (15,316.59) (0.00) Direct 15,316.59

Page 37 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
29 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
NAROT 2023-B A3
65480MAD5
(7,300.33) Principal
Paydown
11/15/25 11/15/25 (7,300.33) 0.00 Direct 7,300.33
TAOT 2023-A A3
891940AC2
(7,623.24) Principal
Paydown
11/15/25 11/15/25 (7,623.24) (0.00) Direct 7,623.24
FITAT 2023-1 A3
31680EAD3
(14,184.25) Principal
Paydown
11/15/25 11/15/25 (14,184.25) 0.00 Direct 14,184.25
TAOT 2022-B A3
89238FAD5
(130.32) Principal
Paydown
11/15/25 11/15/25 (130.33) 0.01 Direct 130.33
CARMX 2022-3 A3
14318MAD1
(10,564.77) Principal
Paydown
11/15/25 11/15/25 (10,564.77) (0.00) Direct 10,564.77
TAOT 2022-D A3
89239HAD0
(4,870.49) Principal
Paydown
11/15/25 11/15/25 (4,870.49) 0.00 Direct 4,870.49
HART 2023-B A3
44933XAD9
(4,169.18) Principal
Paydown
11/15/25 11/15/25 (4,169.18) (0.00) Direct 4,169.18
MBART 2022-1 A3
58768PAC8
(14,115.60) Principal
Paydown
11/15/25 11/15/25 (14,115.60) (0.00) Direct 14,115.60
FORDO 2023-A A3
344928AD8
(6,186.55) Principal
Paydown
11/15/25 11/15/25 (6,186.55) (0.00) Direct 6,186.55
NAROT 2022-B A3
65480JAC4
(9,369.14) Principal
Paydown
11/15/25 11/15/25 (9,369.14) 0.00 Direct 9,369.14
HDMOT 2023-A A3
41285JAD0
(7,854.19) Principal
Paydown
11/15/25 11/15/25 (7,854.19) (0.00) Direct 7,854.19
HAROT 2023-2 A3
437927AC0
(9,501.97) Principal
Paydown
11/15/25 11/15/25 (9,501.97) (0.00) Direct 9,501.97
TAOT 2022-C A3
89231CAD9
(4,364.43) Principal
Paydown
11/15/25 11/15/25 (4,364.43) (0.00) Direct 4,364.43
ALLYA 2022-2 A3
02008MAC3
(16,747.97) Principal
Paydown
11/15/25 11/15/25 (16,747.97) 0.00 Direct 16,747.97
NAROT 2023-A A3
65480WAD3
(12,643.69) Principal
Paydown
11/15/25 11/15/25 (12,643.69) 0.00 Direct 12,643.69
FORDO 2023-B A3
344930AD4
(8,855.02) Principal
Paydown
11/15/25 11/15/25 (8,855.02) 0.00 Direct 8,855.02
TAOT 2023-B A3
891941AD8
(10,110.18) Principal
Paydown
11/15/25 11/15/25 (10,110.18) 0.00 Direct 10,110.18

Page 38 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
30 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
CARMX 2022-2 A3
14317HAC5
(5,888.87) Principal
Paydown
11/15/25 11/15/25 (5,888.89) 0.02 Direct 5,888.89
CARMX 2022-4 A3
14318UAD3
(12,543.89) Principal
Paydown
11/15/25 11/15/25 (12,543.89) (0.00) Direct 12,543.89
GMCAR 2022-3 A3
36265WAD5
(7,016.77) Principal
Paydown
11/16/25 11/16/25 (7,016.77) (0.00) Direct 7,016.77
GMCAR 2023-2 A3
362583AD8
(7,184.04) Principal
Paydown
11/16/25 11/16/25 (7,184.04) (0.00) Direct 7,184.04
GMCAR 2022-2 A3
362585AC5
(4,427.70) Principal
Paydown
11/16/25 11/16/25 (4,427.70) 0.00 Direct 4,427.70
GMCAR 2023-3 A3
36267KAD9
(4,146.27) Principal
Paydown
11/16/25 11/16/25 (4,146.27) (0.00) Direct 4,146.27
HAROT 2023-4 A3
438123AC5
(4,876.18) Principal
Paydown
11/21/25 11/21/25 (4,876.18) 0.00 Direct 4,876.18
BMWOT 2023-A A3
05592XAD2
(4,543.61) Principal
Paydown
11/25/25 11/25/25 (4,543.61) (0.00) Direct 4,543.61
FHMS K-053 A2
3137BN6G4
(42,635.97) Principal
Paydown
12/01/25 12/01/25 (42,635.97) (0.00) Direct 42,635.97
FNA 2016-M12 A2
3136AUKX8
(490.17) Principal
Paydown
12/01/25 12/01/25 (490.17) 0.00 Direct 490.17
FHMS K-054 A2
3137BNGT5
(117,908.88) Principal
Paydown
12/01/25 12/01/25 (117,908.87) (0.01) Direct 117,908.87 FHMS K-059 A2
3137BSRE5
(2,410.23) Principal
Paydown
12/01/25 12/01/25 (2,410.23) (0.00) Direct 2,410.23
FHMS K-057 A2
3137BRQJ7
(937.06) Principal
Paydown
12/01/25 12/01/25 (937.06) (0.00) Direct 937.06
FHMS K-062 A2
3137BUX60
(1,222.60) Principal
Paydown
12/01/25 12/01/25 (1,222.60) 0.01 Direct 1,222.60
FHMS K-092 A1
3137FLYU2
(4,317.82) Principal
Paydown
12/01/25 12/01/25 (4,317.82) 0.00 Direct 4,317.82
FNA 2016-M03 A2
3136ARTE8
(16,636.73) Principal
Paydown
12/01/25 12/01/25 (16,636.73) 0.00 Direct 16,636.73
FHMS K-736 A2
3137FNWX4
(406.30) Principal
Paydown
12/01/25 12/01/25 (406.30) (0.00) Direct 406.30

Page 39 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
31 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
FORDO 2023-B A3
344930AD4
(7,194.94) Principal
Paydown
12/15/25 12/15/25 (7,194.94) (0.00) Direct 7,194.94
MBART 2022-1 A3
58768PAC8
(11,894.86) Principal
Paydown
12/15/25 12/15/25 (11,894.86) 0.00 Direct 11,894.86
NAROT 2023-B A3
65480MAD5
(6,253.94) Principal
Paydown
12/15/25 12/15/25 (6,253.94) 0.00 Direct 6,253.94
HDMOT 2023-A A3
41285JAD0
(6,697.47) Principal
Paydown
12/15/25 12/15/25 (6,697.47) 0.00 Direct 6,697.47
NAROT 2023-A A3
65480WAD3
(10,675.12) Principal
Paydown
12/15/25 12/15/25 (10,675.12) 0.00 Direct 10,675.12
TAOT 2023-B A3
891941AD8
(8,943.34) Principal
Paydown
12/15/25 12/15/25 (8,943.34) (0.00) Direct 8,943.34
TAOT 2022-D A3
89239HAD0
(4,349.18) Principal
Paydown
12/15/25 12/15/25 (4,349.18) 0.00 Direct 4,349.18
HAROT 2023-2 A3
437927AC0
(8,388.52) Principal
Paydown
12/15/25 12/15/25 (8,388.52) (0.00) Direct 8,388.52
TAOT 2022-C A3
89231CAD9
(3,773.25) Principal
Paydown
12/15/25 12/15/25 (3,773.25) 0.00 Direct 3,773.25
NAROT 2022-B A3
65480JAC4
(8,235.78) Principal
Paydown
12/15/25 12/15/25 (8,235.78) (0.00) Direct 8,235.78
CARMX 2022-4 A3
14318UAD3
(11,305.21) Principal
Paydown
12/15/25 12/15/25 (11,305.21) 0.00 Direct 11,305.21
ALLYA 2022-2 A3
02008MAC3
(14,899.05) Principal
Paydown
12/15/25 12/15/25 (14,899.05) 0.00 Direct 14,899.05
HART 2022-C A3
44933DAD3
(12,919.55) Principal
Paydown
12/15/25 12/15/25 (12,919.55) (0.00) Direct 12,919.55
HART 2023-B A3
44933XAD9
(3,708.35) Principal
Paydown
12/15/25 12/15/25 (3,708.35) (0.00) Direct 3,708.35
TAOT 2023-A A3
891940AC2
(6,901.98) Principal
Paydown
12/15/25 12/15/25 (6,901.98) 0.00 Direct 6,901.98
CARMX 2022-3 A3
14318MAD1
(9,604.49) Principal
Paydown
12/15/25 12/15/25 (9,604.49) 0.01 Direct 9,604.49
FITAT 2023-1 A3
31680EAD3
(11,757.92) Principal
Paydown
12/15/25 12/15/25 (11,757.92) (0.00) Direct 11,757.92

Page 40 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
32 Transactions
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
FORDO 2023-A A3
344928AD8
(5,172.69) Principal
Paydown
12/15/25 12/15/25 (5,172.69) (0.00) Direct 5,172.69
GMCAR 2022-3 A3
36265WAD5
(6,048.23) Principal
Paydown
12/16/25 12/16/25 (6,048.23) (0.00) Direct 6,048.23
GMCAR 2023-2 A3
362583AD8
(5,934.39) Principal
Paydown
12/16/25 12/16/25 (5,934.39) (0.00) Direct 5,934.39
GMCAR 2023-3 A3
36267KAD9
(3,562.93) Principal
Paydown
12/16/25 12/16/25 (3,562.93) (0.00) Direct 3,562.93
GMCAR 2022-2 A3
362585AC5
(2,235.86) Principal
Paydown
12/16/25 12/16/25 (2,235.86) (0.00) Direct 2,235.86
HAROT 2023-4 A3
438123AC5
(4,300.19) Principal
Paydown
12/21/25 12/21/25 (4,300.19) 0.00 Direct 4,300.19
BMWOT 2023-A A3
05592XAD2
(3,923.71) Principal
Paydown
12/25/25 12/25/25 (3,923.71) 0.00 Direct 3,923.71
Principal Paydown Total ($1,263,326.21) $0.02 $1,263,326.21

Page 41 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
33 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
ALLYA 2022-1 A3
02008JAC0
11/16/26 0.00 $0.13 $0.00
($0.00)
$0.00 ($0.13) $0.00 ($0.00) $0.29
$0.00
ALLYA 2022-2 A3
02008MAC3
05/17/27 37,076.07 718.35 0.01
(0.00)

0.09 0.00 0.00 718.44 824.08

0.00 AMAZON.COM INC
023135CT1
11/20/30 250,000.00 1,167.36 0.00

0.00 0.00 (18.84) 0.00 1,148.53 0.00

0.00 AMAZON.COM INC
023135CT1
11/20/30 250,000.00 1,167.36 0.00

0.00 5.65 0.00 0.00 1,173.01 0.00

0.00 AMXCA 2022-4 A
02582JJX9
10/15/27 0.00 231.00 0.00

0.00 0.08 0.00 0.00 231.08 495.00

0.00 AMXCA 2023-1 A
02582JJZ4
05/15/26 140,000.00 1,704.51 0.00

0.00 1.23 0.00 0.00 1,705.74 1,704.51

0.00 AMXCA 2025-1 A
02582JKM1
12/17/29 750,000.00 2,565.00 0.00

0.00 0.00 (439.47) 0.00 2,125.53 2,850.00

0.00 AMERICAN HONDA FINANCE CORP
02665WEK3
07/07/26 85,000.00 1,115.63 0.00

0.00 9.05 0.00 0.00 1,124.67 0.00

0.00 AMERICAN HONDA FINANCE CORP
02665WEK3
07/07/26 65,000.00 853.13 0.00

0.00 36.20 0.00 0.00 889.33 0.00

0.00 AMERICAN HONDA FINANCE CORP
02665WEK3
07/07/26 50,000.00 656.25 0.00

0.00 0.00 (22.28) 0.00 633.97 0.00

0.00 AMERICAN HONDA FINANCE CORP
02665WEQ0
10/03/25 0.00 56.39 0.00

0.00 0.47 0.00 0.00 56.85 5,075.00

0.00 AUSTRALIA AND NEW ZEALAND BANKING

GROUP LTD (NEW Y
05253JAZ4
01/18/27 250,000.00 2,968.75 0.00

0.00 0.00 0.00 0.00 2,968.75 0.00

0.00 AUSTRALIA AND NEW ZEALAND BANKING

GROUP LTD (NEW Y
05254JAA8
12/08/25 0.00 2,367.33 0.00

0.00 0.00 0.00 0.00 2,367.33 6,360.00

0.00 BACCT 2023-1 A
05522RDG0
05/15/26 0.00 1,005.90 379.27

0.00 1.70 0.00 0.00 1,386.87 958.00

0.00 BACCT 2023-2 A
05522RDH8
11/16/26 170,000.00 2,116.50 0.00

0.00 2.13 0.00 0.00 2,118.63 2,116.50

0.00 BMWOT 2023-A A3
05592XAD2
02/25/28 36,076.55 597.71 0.00
(0.00)

0.93 0.00 0.00 598.64 609.68

0.00

Page 42 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
34 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

BANK OF AMERICA CORP
06051GFX2
04/19/26 175,000.00 1,531.25 0.00

0.00 447.38 0.00 0.00 1,978.63 3,062.50

0.00 BANK OF AMERICA CORP
06051GKW8
07/22/28 500,000.00 1,924.22 0.00

0.00 0.00 (317.89) 0.00 1,606.33 0.00

0.00 BANK OF MONTREAL
06368MXU3
09/22/28 750,000.00 2,200.25 0.00

0.00 0.00 (4.69) 0.00 2,195.56 0.00

0.00 BANK OF AMERICA NA
06428CAA2
08/18/26 275,000.00 3,799.13 0.00

0.00 0.00 0.00 0.00 3,799.13 0.00

0.00 BNP Paribas New York Branch
09659CH76
08/07/26 500,000.00 0.00 0.00

0.00 2,572.50 0.00 0.00 2,572.50 0.00

0.00 BRISTOL-MYERS SQUIBB CO
110122DN5
11/13/25 0.00 109.38 0.00

0.00 213.81 0.00 0.00 323.19 468.75

0.00 COMET 2024-1 A
14041NGE5
09/17/29 750,000.00 2,205.00 0.00

0.00 0.00 (78.25) 0.00 2,126.75 2,450.00

0.00 CARMX 2022-2 A3
14317HAC5
02/16/27 0.00 33.98 0.02
(0.00)

0.00 (40.29) 0.00 (6.30) 53.24

0.00 CARMX 2022-3 A3
14318MAD1
04/15/27 22,298.04 367.55 0.01
(0.00)

0.11 0.00 0.00 367.67 422.11

0.00 CARMX 2022-4 A3
14318UAD3
08/16/27 59,010.07 1,020.14 0.00
(0.00)

2.05 0.00 0.00 1,022.20 1,106.92

0.00 CARMX 2024-3 A4
14319GAE1
01/15/30 750,000.00 4,142.71 0.00

0.00 0.00 (519.22) 0.00 3,623.49 3,031.25

0.00 CATERPILLAR FINANCIAL SERVICES CORP
14913UAA8
05/15/26 250,000.00 2,718.75 0.00

0.00 10.29 0.00 0.00 2,729.04 5,437.50

0.00 CHAIT 2023-1 A
161571HT4
09/15/28 0.00 3,431.40 3,739.93

0.00 6.34 0.00 0.00 7,177.67 3,268.00

0.00 CITIGROUP INC
172967KG5
01/12/26 200,000.00 1,850.00 0.00

0.00 516.64 0.00 0.00 2,366.64 0.00

0.00 CITIGROUP INC
172967PZ8
05/07/28 500,000.00 1,805.61 0.00

0.00 0.00 (197.16) 0.00 1,608.45 0.00

0.00 COMCAST CORP
20030NBY6
02/01/27 200,000.00 1,650.00 0.00

0.00 1,086.48 0.00 0.00 2,736.48 0.00

0.00 Coöperatieve Rabobank U.A., New York Branch
21684LGS5
07/17/26 475,000.00 6,166.56 0.00

0.00 0.00 0.00 0.00 6,166.56 0.00

0.00

Page 43 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
35 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
Credit Agricole Corporate And Investment Bank,
New
22533UE82
05/08/26 1,000,000.00 0.00 0.00

0.00 9,030.00 0.00 0.00 9,030.00 0.00

0.00 JOHN DEERE CAPITAL CORP
24422EXF1
01/08/27 200,000.00 2,250.00 0.00

0.00 18.69 0.00 0.00 2,268.69 0.00

0.00 DCENT 2023-1 A
254683CY9
03/15/28 0.00 2,262.75 248.10

0.00 1.29 0.00 0.00 2,512.15 2,155.00

0.00 FNA 2016-M03 A2
3136ARTE8
02/25/26 56,158.21 522.73 0.01

0.00 0.00 (6,349.52) 0.00 (5,826.79) 636.04

0.00 FNA 2016-M12 A2
3136AUKX8
09/25/26 236,169.75 1,439.87 0.00
(0.00)

0.00 (413.22) 0.00 1,026.65 1,485.27

0.00 FHMS K-053 A2
3137BN6G4
12/25/25 0.00 390.13 0.01
(0.00)
437.86 0.00 0.00 827.99 800.47

0.00 FHMS K-054 A2
3137BNGT5
01/25/26 85,158.50 983.32 0.00
(0.00)
1,531.52 0.00 0.00 2,514.84 1,325.09

0.00 FHMS K-054 A2
3137BNGT5
01/25/26 69,675.14 804.53 0.00
(0.00)
1,090.71 0.00 0.00 1,895.24 1,084.16

0.00 FHMS K-057 A2
3137BRQJ7
07/25/26 237,561.29 1,529.28 0.00
(0.00)
992.09 0.00 0.00 2,521.37 1,532.22

0.00 FHMS K-057 A2
3137BRQJ7
07/25/26 237,561.29 1,529.28 0.00
(0.00)
1,348.66 0.00 0.00 2,877.94 1,532.22

0.00 FHMS K-058 A2
3137BSP72
08/25/26 400,000.00 2,652.99 0.00

0.00 1,257.93 0.00 0.00 3,910.92 2,652.99

0.00 FHMS K-059 A2
3137BSRE5
09/25/26 271,392.28 2,130.80 0.00
(0.00)
1,086.92 0.00 0.00 3,217.72 2,139.94

0.00 FHMS K-062 A2
3137BUX60
12/25/26 273,592.65 2,339.54 0.00
(0.01)
1,048.59 0.00 0.00 3,388.13 2,343.55

0.00 FHMS K-062 A2
3137BUX60
12/25/26 273,592.65 2,339.54 0.00
(0.01)
1,001.18 0.00 0.00 3,340.72 2,343.55

0.00 FHMS K-063 A2
3137BVZ82
01/25/27 275,000.00 2,358.12 0.00

0.00 1,242.65 0.00 0.00 3,600.77 2,358.12

0.00 FHMS K-065 A2
3137F1G44
04/25/27 260,000.00 2,107.95 0.00

0.00 1,096.47 0.00 0.00 3,204.42 2,107.95

0.00 FHMS K-092 A1
3137FLYU2
10/25/28 146,436.05 1,176.80 0.01

0.00 0.00 (864.68) 0.00 312.12 1,209.48

0.00

Page 44 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
36 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
FHMS K-736 A2
3137FNWX4
07/25/26 238,623.76 1,363.63 0.00
(0.01)
1,744.54 0.00 0.00 3,108.16 1,365.89

0.00 FITAT 2023-1 A3
31680EAD3
08/15/28 158,045.42 2,446.16 0.00
(0.00)

1.24 0.00 0.00 2,447.40 2,546.10

0.00 FORDO 2023-A A3
344928AD8
02/15/28 50,268.57 680.62 0.00
(0.00)

0.67 0.00 0.00 681.28 717.40

0.00 FORDO 2023-B A3
344930AD4
05/15/28 85,368.17 1,268.08 0.01
(0.00)

0.16 0.00 0.00 1,268.24 1,325.90

0.00 GMCAR 2023-2 A3
362583AD8
02/16/28 55,591.51 729.84 0.00
(0.01)

0.20 0.00 0.00 730.02 767.48

0.00 GMCAR 2022-2 A3
362585AC5
02/16/27 0.00 37.10 0.01
(0.00)

0.14 0.00 0.00 37.24 51.20

0.00 GMCAR 2022-3 A3
36265WAD5
04/16/27 426.53 92.00 0.00
(0.01)

0.01 0.00 0.00 92.00 122.14

0.00 GMCAR 2023-3 A3
36267KAD9
06/16/28 42,171.89 652.74 0.00
(0.01)

0.21 0.00 0.00 652.95 679.70

0.00 GMCAR 2025-3 A3
379957AD5
08/16/30 500,000.00 2,380.28 0.00

0.00 0.00 (145.28) 0.00 2,235.01 1,741.67

0.00 GOLDMAN SACHS GROUP INC
38141GZR8
03/15/28 500,000.00 1,405.83 0.00

0.00 513.77 0.00 0.00 1,919.61 0.00

0.00 GOLDMAN SACHS GROUP INC
38145GAH3
11/16/26 200,000.00 1,750.00 0.00

0.00 899.27 0.00 0.00 2,649.27 3,500.00

0.00 HDMOT 2023-A A3
41285JAD0
12/15/27 50,550.00 772.19 0.00
(0.01)

0.68 0.00 0.00 772.87 823.13

0.00 HOME DEPOT INC
437076CV2
09/30/26 105,000.00 1,299.38 0.00

0.00 22.06 0.00 0.00 1,321.44 0.00

0.00 HAROT 2023-2 A3
437927AC0
11/15/27 83,415.55 1,188.84 0.00
(0.00)

1.68 0.00 0.00 1,190.51 1,249.17

0.00 HAROT 2023-4 A3
438123AC5
06/21/28 60,238.82 962.17 0.01

0.00 1.14 0.00 0.00 963.31 984.47

0.00 HART 2022-C A3
44933DAD3
06/15/27 50,551.52 956.50 0.00
(0.00)

0.02 0.00 0.00 956.52 1,059.88

0.00 HART 2023-B A3
44933XAD9
04/17/28 39,370.72 617.79 0.00
(0.01)

0.22 0.00 0.00 618.00 646.93

0.00

Page 45 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
37 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
HART 2025-C A3
44935JAD8
04/15/30 750,000.00 2,263.33 0.00

0.00 0.00 (36.22) 0.00 2,227.12 2,425.00

0.00 JPMORGAN CHASE & CO
46647PDG8
07/25/28 500,000.00 1,886.50 0.00

0.00 0.00 (294.74) 0.00 1,591.76 0.00

0.00 LOCKHEED MARTIN CORP
539830BU2
10/15/25 0.00 154.00 0.00

0.00 3.13 0.00 0.00 157.13 1,980.00

0.00 LOCKHEED MARTIN CORP
539830BU2
10/15/25 0.00 182.88 0.00

0.00 0.00 0.00 0.00 182.88 2,351.25

0.00 MBART 2022-1 A3
58768PAC8
08/16/27 69,738.60 1,156.37 0.00
(0.00)

2.17 0.00 0.00 1,158.54 1,251.74

0.00 FEDERATED HRMS TRS SVC
60934N872
12/31/25 392,296.17 26,093.20 0.00

0.00 0.00 0.00 0.00 26,093.20 69,553.96
1,641.16

FEDERATED HRMS TRS SVC
60934N872
12/31/25 453,866.50 20,324.42 0.00

0.00 0.00 0.00 0.00 20,324.42 47,886.51
1,362.87
MUFG Bank, Ltd., New York Branch
62479MC92
03/09/26 1,000,000.00 0.00 0.00

0.00 9,170.00 0.00 0.00 9,170.00 0.00

0.00 NATIONAL AUSTRALIA BANK LTD (NEW YORK

BRANCH)
63253QAA2
01/12/26 415,000.00 5,152.23 0.00

0.00 0.00 0.00 0.00 5,152.23 0.00

0.00 NATIONAL RURAL UTILITIES COOPERATIVE

FINANCE CORP
63743HFH0
03/13/26 125,000.00 1,390.63 0.00

0.00 39.77 0.00 0.00 1,430.40 0.00

0.00 Natixis, New York Branch
63873KG27
07/02/26 1,000,000.00 0.00 0.00

0.00 8,936.67 0.00 0.00 8,936.67 0.00

0.00 Natixis, New York Branch
63873QP65
09/18/26 375,000.00 5,302.60 0.00

0.00 0.00 0.00 0.00 5,302.60 0.00

0.00 NAROT 2022-B A3
65480JAC4
05/17/27 48,850.69 688.72 0.00
(0.00)

1.50 0.00 0.00 690.22 743.57

0.00 NAROT 2023-B A3
65480MAD5
03/15/28 61,583.35 1,060.05 0.01

0.00 1.81 0.00 0.00 1,061.87 1,116.26

0.00 NAROT 2023-A A3
65480WAD3
11/15/27 87,171.61 1,279.71 0.01

0.00 2.24 0.00 0.00 1,281.95 1,360.37

0.00 Nordea ABP - New York Branch
65558UYF3
11/03/25 0.00 2,227.36 0.00

0.00 0.00 0.00 0.00 2,227.36 13,825.00

0.00

Page 46 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
38 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

PACCAR FINANCIAL CORP
69371RS56
08/10/26 125,000.00 1,578.13 0.00

0.00 5.39 0.00 0.00 1,583.51 0.00

0.00 PACCAR FINANCIAL CORP
69371RT63
03/03/28 500,000.00 1,706.25 0.00

0.00 0.00 (276.11) 0.00 1,430.14 0.00

0.00 PEPSICO INC
713448FW3
11/10/26 65,000.00 832.82 0.00

0.00 1.51 0.00 0.00 834.32 1,665.63

0.00 PFIZER INVESTMENT ENTERPRISES PTE LTD
716973AC6
05/19/28 500,000.00 1,730.55 0.00

0.00 0.00 (183.09) 0.00 1,547.47 0.00

0.00 STATE STREET CORP
857477CD3
08/03/26 200,000.00 2,636.00 0.00

0.00 0.00 0.00 0.00 2,636.00 0.00

0.00 Toronto-Dominion Bank - New York Branch
89115B6K1
10/27/25 0.00 2,022.22 0.00

0.00 0.00 0.00 0.00 2,022.22 28,544.44

0.00 Toronto-Dominion Bank - New York Branch
89115D3Z7
01/15/26 1,000,000.00 9,337.50 0.00

0.00 0.00 0.00 0.00 9,337.50 0.00

0.00 TAOT 2023-A A3
891940AC2
09/15/27 56,500.38 776.98 0.00
(0.01)

0.01 0.00 0.00 776.99 823.06

0.00 TAOT 2023-B A3
891941AD8
02/15/28 106,972.69 1,423.46 0.00
(0.01)

0.69 0.00 0.00 1,424.14 1,485.14

0.00 TAOT 2022-C A3
89231CAD9
04/15/27 15,619.25 202.68 0.00
(0.00)

0.37 0.00 0.00 203.04 223.87

0.00 TOYOTA MOTOR CREDIT CORP
89236TKT1
05/18/26 210,000.00 2,336.25 0.00

0.00 10.67 0.00 0.00 2,346.92 4,672.50

0.00 TOYOTA MOTOR CREDIT CORP
89236TLJ2
01/05/26 175,000.00 2,100.00 0.00

0.00 17.44 0.00 0.00 2,117.44 0.00

0.00 TOYOTA MOTOR CREDIT CORP
89236TMS1
10/08/27 500,000.00 1,691.66 0.00

0.00 0.00 (203.47) 0.00 1,488.20 0.00

0.00 TAOT 2022-B A3
89238FAD5
09/15/26 0.00 6.19 0.01

0.00 0.00 (3.31) 0.00 2.88 12.89

0.00 TAOT 2022-D A3
89239HAD0
09/15/27 37,335.68 584.11 0.01
(0.01)

0.40 0.00 0.00 584.50 617.80

0.00 TAOT 2024-D A4
89239TAE2
04/15/30 500,000.00 1,722.77 0.00

0.00 0.00 (159.09) 0.00 1,563.69 1,845.83

0.00 UNITED STATES TREASURY
912797QN0
05/14/26 800,000.00 0.00 0.00

0.00 6,628.53 0.00 0.00 6,628.53 0.00

0.00

Page 47 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
39 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

UNITED STATES TREASURY
912797QX8
06/11/26 1,800,000.00 0.00 0.00

0.00 14,857.50 0.00 0.00 14,857.50 0.00

0.00 UNITED STATES TREASURY
912797QZ3
12/18/25 0.00 0.00 0.00
(0.00)
13,588.75 0.00 0.00 13,588.75 0.00

0.00 UNITED STATES TREASURY
912797RF6
07/09/26 800,000.00 0.00 0.00

0.00 6,612.67 0.00 0.00 6,612.67 0.00

0.00 UNITED STATES TREASURY
912797RG4
08/06/26 1,300,000.00 0.00 0.00

0.00 10,741.79 0.00 0.00 10,741.79 0.00

0.00 UNITED STATES TREASURY
912797RH2
01/08/26 800,000.00 0.00 0.00

0.00 7,182.00 0.00 0.00 7,182.00 0.00

0.00 UNITED STATES TREASURY
912797RN9
11/12/25 0.00 0.00 0.00
(0.00)
6,795.75 0.00 0.00 6,795.75 0.00

0.00 UNITED STATES TREASURY
912797RS8
09/03/26 1,300,000.00 0.00 0.00

0.00 10,625.01 0.00 0.00 10,625.01 0.00

0.00 UNITED STATES TREASURY
912797RT6
02/12/26 1,800,000.00 0.00 0.00

0.00 15,660.75 0.00 0.00 15,660.75 0.00

0.00 UNITED STATES TREASURY
912797RV1
03/05/26 800,000.00 0.00 0.00

0.00 6,934.67 0.00 0.00 6,934.67 0.00

0.00 UNITED STATES TREASURY
912797SA6
10/01/26 1,200,000.00 0.00 0.00

0.00 9,828.70 0.00 0.00 9,828.70 0.00

0.00 UNITED STATES TREASURY
912797SK4
10/29/26 1,300,000.00 0.00 0.00

0.00 6,195.27 0.00 0.00 6,195.27 0.00

0.00 UNITED STATES TREASURY
912797SL2
04/09/26 1,800,000.00 0.00 0.00

0.00 15,550.50 0.00 0.00 15,550.50 0.00

0.00 UNITED STATES TREASURY
91282CFH9
08/31/27 1,000,000.00 3,712.01 0.00

0.00 525.79 0.00 0.00 4,237.80 0.00

0.00 UNITED STATES TREASURY
91282CFW6
11/15/25 0.00 6,190.56 0.00

0.00 0.00 (682.63) 0.00 5,507.93 25,312.50

0.00 UNITED STATES TREASURY
91282CFZ9
11/30/27 500,000.00 2,020.92 0.00

0.00 0.00 (182.29) 0.00 1,838.62 9,687.50

0.00 UNITED STATES TREASURY
91282CFZ9
11/30/27 1,000,000.00 2,874.31 0.00

0.00 0.00 (243.85) 0.00 2,630.46 0.00

0.00 UNITED STATES TREASURY
91282CGE5
01/15/26 0.00 17,242.70 335.04

0.00 361.82 0.00 0.00 17,939.56 0.00

0.00

Page 48 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
40 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

UNITED STATES TREASURY
91282CGL9
02/15/26 0.00 6,368.48 1,678.80

0.00 996.26 0.00 0.00 9,043.55 0.00

0.00 UNITED STATES TREASURY
91282CGV7
04/15/26 0.00 7,573.35 608.44

0.00 163.45 0.00 0.00 8,345.24 21,562.50

0.00 UNITED STATES TREASURY
91282CHB0
05/15/26 0.00 10,599.90 2,007.73

0.00 1,006.47 0.00 0.00 13,614.09 30,812.50

0.00 UNITED STATES TREASURY
91282CHH7
06/15/26 0.00 9,235.97 4,619.80

0.00 763.19 0.00 0.00 14,618.95 20,109.38

0.00 UNITED STATES TREASURY
91282CHM6
07/15/26 0.00 12,319.97 8,223.02

0.00 151.32 0.00 0.00 20,694.32 0.00

0.00 UNITED STATES TREASURY
91282CHU8
08/15/26 1,100,000.00 12,031.25 0.00

0.00 922.86 0.00 0.00 12,954.11 0.00

0.00 UNITED STATES TREASURY
91282CHY0
09/15/26 0.00 9,709.94 9,593.22

0.00 525.62 0.00 0.00 19,828.78 0.00

0.00 UNITED STATES TREASURY
91282CHY0
09/15/26 500,000.00 894.34 0.00

0.00 0.00 (195.44) 0.00 698.91 0.00

0.00 UNITED STATES TREASURY
91282CJA0
09/30/28 1,500,000.00 14,866.07 0.00

0.00 0.00 (3,273.16) 0.00 11,592.91 0.00

0.00 UNITED STATES TREASURY
91282CJC6
10/15/26 450,000.00 5,255.93 0.00

0.00 111.26 0.00 0.00 5,367.19 10,406.25

0.00 UNITED STATES TREASURY
91282CJK8
11/15/26 1,250,000.00 14,575.51 0.00

0.00 0.00 (865.87) 0.00 13,709.63 28,906.25

0.00 UNITED STATES TREASURY
91282CJP7
12/15/26 1,850,000.00 20,365.60 0.00

0.00 0.00 (1,243.34) 0.00 19,122.26 40,468.75

0.00 UNITED STATES TREASURY
91282CJP7
12/15/26 500,000.00 5,504.22 0.00

0.00 0.00 (172.58) 0.00 5,331.63 10,937.50

0.00 UNITED STATES TREASURY
91282CJP7
12/15/26 1,300,000.00 2,187.50 0.00

0.00 0.00 (413.70) 0.00 1,773.80 0.00

0.00 UNITED STATES TREASURY
91282CKG5
03/31/29 1,250,000.00 2,266.49 0.00

0.00 0.00 (257.55) 0.00 2,008.94 0.00

0.00 UNITED STATES TREASURY
91282CMF5
01/15/28 1,000,000.00 9,008.15 0.00

0.00 0.00 (1,421.99) 0.00 7,586.16 0.00

0.00 UNITED STATES TREASURY
91282CMF5
01/15/28 1,000,000.00 3,349.18 0.00

0.00 0.00 (502.38) 0.00 2,846.81 0.00

0.00

Page 49 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
41 Income
Description
Identifier
Final
Maturity
Current Units Interest
Income
Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

UNITED STATES TREASURY
91282CMN8
02/15/28 1,000,000.00 3,118.21 0.00

0.00 0.00 (477.62) 0.00 2,640.59 0.00

0.00 UNITED STATES TREASURY
91282CNP2
07/31/27 500,000.00 1,421.54 0.00

0.00 0.00 (104.31) 0.00 1,317.23 0.00

0.00 UNITED STATES TREASURY
91282CPP0
12/15/28 1,250,000.00 961.54 0.00

0.00 26.91 0.00 0.00 988.45 0.00

0.00 UNITEDHEALTH GROUP INC
91324PEN8
10/15/25 0.00 160.22 0.00

0.00 0.12 0.00 0.00 160.34 2,060.00

0.00 VWALT 2025-B A4
92868BAE3
05/20/30 750,000.00 2,333.34 0.00

0.00 0.00 (62.37) 0.00 2,270.97 2,500.00

0.00 WELLS FARGO & CO
949746RW3
04/22/26 200,000.00 1,500.00 0.00

0.00 1,033.80 0.00 0.00 2,533.80 3,000.00

0.00 WELLS FARGO BANK NA
94988J6F9
12/11/26 375,000.00 4,925.63 0.00

0.00 0.00 0.00 0.00 4,925.63 9,851.25

0.00 Receivable
CCYUSD
12/31/25 1,641.16 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 Receivable
CCYUSD
12/31/25 1,362.87 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 Portfolio Total 54,979,319.96 $392,090.36 $31,433.50 ($0.14)
($20,666.02) $0.00 $588,125.87 $481,579.63
$3,004.03

Page 50 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
42 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Ally Auto Receivables Trust
2022-2
Ally Auto Receivables Trust
2022-2
02008MAC3
ABS

0.07%

4.81%

4.10%

0.12 AAA
Aaa
04/15/26
05/17/27
37,076.07 $78.44 $37,076.04
$37,154.48
$37,102.22
$37,180.66
Ally Auto Receivables Trust
2022-2 0.07%

4.81%

4.10%

0.12 AAA
Aaa
37,076.07 $78.44 $37,076.04
$37,154.48
$37,102.22
$37,180.66
Amazon.com, Inc.

Amazon.com, Inc.
023135CT1
CORP

0.45%

4.02%

4.07%

4.36 AA
A1
10/20/30
11/20/30
250,000.00 $1,167.36 $250,861.16
$252,028.53
$250,272.56
$251,439.92
Amazon.com, Inc.
023135CT1
CORP

0.45%

4.12%

4.07%

4.36 AA
A1
10/20/30
11/20/30
250,000.00 1,167.36 249,738.15
250,905.51
250,272.56
251,439.92
Amazon.com, Inc.

0.91%

4.07%

4.36 AA
A1
500,000.00 $2,334.72 $500,599.32
$502,934.04
$500,545.11
$502,879.83
American Express Credit
Account Master Trust , series
2023-1
American Express Credit
Account Master Trust , series 2023-1
02582JJZ4
ABS

0.25%

4.92%

3.88%

0.36 AAA
NA
05/15/26
05/15/26
140,000.00 $303.02 $139,998.15
$140,301.17
$140,512.05
$140,815.07
American Express Credit
Account Master Trust , series
2023-1

0.25%

4.92%

3.88%

0.36 AAA
NA
140,000.00 $303.02 $139,998.15
$140,301.17
$140,512.05
$140,815.07
American Express Credit
Account Master Trust 2025-1
American Express Credit
Account Master Trust 2025-1
02582JKM1
ABS

1.38%

3.76%

3.72%

1.84 AAA
NA
12/15/27
12/17/29
750,000.00 $1,520.00 $761,718.73
$763,238.73
$762,131.85
$763,651.85

Page 51 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
43 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
American Express Credit
Account Master Trust 2025-1 1.38%

3.76%

3.72%

1.84 AAA
NA
750,000.00 $1,520.00 $761,718.73
$763,238.73
$762,131.85
$763,651.85
American Honda Finance
Corporation
American Honda Finance
Corporation
02665WEK3
CORP

0.16%

5.29%

3.88%

0.49 AA307/07/26
07/07/26
85,000.00 $2,156.88 $84,980.84
$87,137.71
$85,588.10
$87,744.97
American Honda Finance
Corporation
02665WEK3
CORP

0.12%

5.49%

3.88%

0.49 AA307/07/26
07/07/26
65,000.00 1,649.38 64,923.25
66,572.63
65,449.72
67,099.10
American Honda Finance
Corporation
02665WEK3
CORP

0.09%

5.06%

3.88%

0.49 AA307/07/26
07/07/26
50,000.00 1,268.75 50,047.14
51,315.89
50,345.94
51,614.69
American Honda Finance
Corporation 0.37%

5.30%

3.88%

0.49 AA3200,000.00 $5,075.00 $199,951.23
$205,026.23
$201,383.76
$206,458.76
Australia & New Zealand
Banking Group Ltd., New York
Branch
Australia & New Zealand
Banking Group Ltd., New York Branch
05253JAZ4
CORP

0.47%

4.75%

3.80%

0.99 AAAa201/18/27
01/18/27
250,000.00 $5,376.74 $250,000.00
$255,376.74
$252,411.13
$257,787.87
Australia & New Zealand
Banking Group Ltd., New York
Branch

0.47%

4.75%

3.80%

0.99 AAAa2250,000.00 $5,376.74 $250,000.00
$255,376.74
$252,411.13
$257,787.87
BNP Paribas New York Branch
BNP Paribas New York Branch
09659CH76
CP

0.88%

3.89%

3.82%

0.59 A-1
P-1
08/07/26
08/07/26
500,000.00 $0.00 $488,555.00
$488,555.00
$488,648.00
$488,648.00
BNP Paribas New York Branch

0.88%

3.89%

3.82%

0.59 A-1
P-1
500,000.00 $0.00 $488,555.00
$488,555.00
$488,648.00
$488,648.00

Page 52 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
44 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Ba Credit Card Trust, Series
2023-2
Ba Credit Card Trust, Series
2023-2
05522RDH8
ABS

0.31%

5.04%

3.79%

0.84 NA
Aaa
11/16/26
11/16/26
170,000.00 $376.27 $169,992.53
$170,368.79
$171,764.55
$172,140.82
Ba Credit Card Trust, Series
2023-2 0.31%

5.04%

3.79%

0.84 NA
Aaa
170,000.00 $376.27 $169,992.53
$170,368.79
$171,764.55
$172,140.82
Bank of America Corporation
Bank of America Corporation
06051GFX2
CORP

0.32%

4.54%

3.91%

0.30 AA104/19/26
04/19/26
175,000.00 $1,225.00 $174,471.97
$175,696.97
$174,774.28
$175,999.28
Bank of America Corporation
06051GKW8
CORP

0.94%

4.04%

4.00%

1.46 AA107/22/27
07/22/28
500,000.00 10,926.83 506,752.11
517,678.94
507,079.56
518,006.39
Bank of America Corporation

1.25%

4.17%

3.98%

1.16 AA1675,000.00 $12,151.83 $681,224.08
$693,375.91
$681,853.83
$694,005.67
Bank of America, National
Association
Bank of America, National
Association
06428CAA2
CORP

0.51%

5.53%

3.83%

0.52 A+
Aa2
07/18/26
08/18/26
275,000.00 $5,614.26 $275,000.00
$280,614.26
$277,496.71
$283,110.97
Bank of America, National
Association 0.51%

5.53%

3.83%

0.52 A+
Aa2
275,000.00 $5,614.26 $275,000.00
$280,614.26
$277,496.71
$283,110.97
Bank of Montreal
Bank of Montreal
06368MXU3
CORP

1.37%

4.04%

4.20%

1.63 AA209/22/27
09/22/28
750,000.00 $8,377.88 $750,302.81
$758,680.69
$750,502.18
$758,880.05
Bank of Montreal

1.37%

4.04%

4.20%

1.63 AA2750,000.00 $8,377.88 $750,302.81
$758,680.69
$750,502.18
$758,880.05
Bmw Vehicle Owner Trust 2023-A

Page 53 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
45 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Bmw Vehicle Owner Trust 2023-A
05592XAD2
ABS

0.07%

5.54%

4.30%

0.50 AAA
NA
02/25/27
02/25/28
36,076.55 $32.89 $36,075.13
$36,108.02
$36,294.18
$36,327.07
Bmw Vehicle Owner Trust 2023-A

0.07%

5.54%

4.30%

0.50 AAA
NA
36,076.55 $32.89 $36,075.13
$36,108.02
$36,294.18
$36,327.07
COMET_24-A1
COMET_24-A1
14041NGE5
ABS

1.36%

3.80%

3.77%

1.62 AAA
NA
09/15/27
09/17/29
750,000.00 $1,306.67 $751,826.05
$753,132.72
$752,099.78
$753,406.44
COMET_24-A1

1.36%

3.80%

3.77%

1.62 AAA
NA
750,000.00 $1,306.67 $751,826.05
$753,132.72
$752,099.78
$753,406.44
CarMax Auto Owner Trust 2022-3
CarMax Auto Owner Trust 2022-3
14318MAD1
ABS

0.04%

4.00%

3.93%

0.11 AAA
NA
03/15/26
04/15/27
22,298.04 $39.34 $22,298.01
$22,337.35
$22,297.33
$22,336.68
CarMax Auto Owner Trust 2022-3

0.04%

4.00%

3.93%

0.11 AAA
NA
22,298.04 $39.34 $22,298.01
$22,337.35
$22,297.33
$22,336.68
CarMax Auto Owner Trust 2022-4
CarMax Auto Owner Trust 2022-4
14318UAD3
ABS

0.11%

5.41%

4.15%

0.24 AAA
NA
07/15/26
08/16/27
59,010.07 $140.05 $59,008.47
$59,148.52
$59,178.18
$59,318.23
CarMax Auto Owner Trust 2022-4

0.11%

5.41%

4.15%

0.24 AAA
NA
59,010.07 $140.05 $59,008.47
$59,148.52
$59,178.18
$59,318.23
Carmax Auto Owner Trust 2024-3
Carmax Auto Owner Trust 2024-3
14319GAE1
ABS

1.39%

4.20%

4.13%

2.67 AAA
Aaa
03/15/29
01/15/30
750,000.00 $1,616.67 $764,041.33
$765,658.00
$765,482.03
$767,098.69
Carmax Auto Owner Trust 2024-3

1.39%

4.20%

4.13%

2.67 AAA
Aaa
750,000.00 $1,616.67 $764,041.33
$765,658.00
$765,482.03
$767,098.69
Caterpillar Financial Services
Corporation
Caterpillar Financial Services
Corporation
14913UAA8
CORP

0.46%

4.37%

3.84%

0.37 A
A2
05/15/26
05/15/26
250,000.00 $1,389.58 $249,984.74
$251,374.32
$250,447.62
$251,837.21

Page 54 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
46 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Caterpillar Financial Services
Corporation 0.46%

4.37%

3.84%

0.37 A
A2
250,000.00 $1,389.58 $249,984.74
$251,374.32
$250,447.62
$251,837.21
Citigroup Inc.

Citigroup Inc.
172967KG5
CORP

0.37%

4.76%

4.03%

0.03 BBB+
A3
01/12/26
01/12/26
200,000.00 $3,473.89 $199,938.23
$203,412.12
$199,975.76
$203,449.65
Citigroup Inc.
172967PZ8
CORP

0.92%

4.11%

4.02%

1.29 BBB+
A3
05/07/27
05/07/28
500,000.00 3,482.25 503,427.84
506,910.09
504,058.78
507,541.03
Citigroup Inc.

1.28%

4.30%

4.02%

0.93 BBB+
A3
700,000.00 $6,956.14 $703,366.07
$710,322.21
$704,034.54
$710,990.67
Comcast Corporation
Comcast Corporation
20030NBY6
CORP

0.36%

5.66%

3.86%

0.98 AA302/01/27
02/01/27
200,000.00 $2,750.00 $195,101.67
$197,851.67
$198,828.09
$201,578.09
Comcast Corporation

0.36%

5.66%

3.86%

0.98 AA3200,000.00 $2,750.00 $195,101.67
$197,851.67
$198,828.09
$201,578.09
Coöperatieve Rabobank U.A.,
New York Branch
Coöperatieve Rabobank U.A.,
New York Branch
21684LGS5
CD

0.89%

5.08%

3.39%

0.53 A+
Aa2
07/17/26
07/17/26
475,000.00 $11,260.67 $475,000.00
$486,260.67
$479,329.25
$490,589.91
Coöperatieve Rabobank U.A.,
New York Branch 0.89%

5.08%

3.39%

0.53 A+
Aa2
475,000.00 $11,260.67 $475,000.00
$486,260.67
$479,329.25
$490,589.91
Credit Agricole Corporate And
Investment Bank, New York Branch
Credit Agricole Corporate And
Investment Bank, New York Branch
22533UE82
CP

1.78%

3.96%

3.75%

0.35 A-1
P-1
05/08/26
05/08/26
1,000,000.00 $0.00 $986,347.50
$986,347.50
$986,838.00
$986,838.00
Credit Agricole Corporate And
Investment Bank, New York Branch 1.78%

3.96%

3.75%

0.35 A-1
P-1
1,000,000.00 $0.00 $986,347.50
$986,347.50
$986,838.00
$986,838.00

Page 55 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
47 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Federal Home Loan Mortgage
Corporation
Federal Home Loan Mortgage
Corporation
3137BNGT5

GSE MBS

0.15%

4.41%

3.62%

0.07 AA+
Aa1
01/01/26
01/25/26
85,158.50 $194.80 $85,158.50
$85,353.30
$84,937.58
$85,132.38
Federal Home Loan Mortgage
Corporation
3137BNGT5

GSE MBS

0.13%

4.11%

3.62%

0.07 AA+
Aa1
01/01/26
01/25/26
69,675.14 159.38 69,675.14
69,834.52
69,494.38
69,653.76
Federal Home Loan Mortgage
Corporation
3137FNWX4

GSE MBS

0.43%

5.33%

3.80%

0.44 AA+
Aa1
07/01/26
07/25/26
238,623.76 453.78 235,114.96
235,568.74
236,647.98
237,101.77
Federal Home Loan Mortgage
Corporation
3137BRQJ7

GSE MBS

0.43%

4.31%

3.79%

0.44 AA+
Aa1
07/01/26
07/25/26
237,561.29 508.78 235,351.52
235,860.30
235,865.30
236,374.07
Federal Home Loan Mortgage
Corporation
3137BRQJ7

GSE MBS

0.43%

4.94%

3.79%

0.44 AA+
Aa1
07/01/26
07/25/26
237,561.29 508.78 234,696.77
235,205.55
235,865.30
236,374.07
Federal Home Loan Mortgage
Corporation
3137BSP72

GSE MBS

0.72%

3.98%

3.80%

0.60 AA+
Aa1
08/01/26
08/25/26
400,000.00 884.33 396,178.14
397,062.47
396,573.92
397,458.25
Federal Home Loan Mortgage
Corporation
3137BSRE5

GSE MBS

0.49%

5.12%

3.72%

0.69 AAA
Aa1
09/01/26
09/25/26
271,392.28 705.62 267,163.86
267,869.48
269,715.07
270,420.69
Federal Home Loan Mortgage
Corporation
3137BUX60

GSE MBS

0.49%

5.08%

3.71%

0.90 AA+
Aa1
12/01/26
12/25/26
273,592.65 778.14 268,958.69
269,736.83
272,278.28
273,056.42
Federal Home Loan Mortgage
Corporation
3137BUX60

GSE MBS

0.49%

5.00%

3.71%

0.90 AA+
Aa1
12/01/26
12/25/26
273,592.65 778.14 269,142.33
269,920.48
272,278.28
273,056.42
Federal Home Loan Mortgage
Corporation
3137BVZ82

GSE MBS

0.50%

5.40%

3.70%

0.90 AA+
Aa1
01/01/27
01/25/27
275,000.00 786.04 269,631.31
270,417.35
273,742.87
274,528.91
Federal Home Loan Mortgage
Corporation
3137F1G44

GSE MBS

0.47%

5.11%

3.70%

1.19 AA+
Aa1
04/01/27
04/25/27
260,000.00 702.65 253,843.93
254,546.58
258,080.37
258,783.02

Page 56 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
48 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Federal Home Loan Mortgage
Corporation
3137FLYU2

GSE MBS

0.26%

0.67%

3.75%

1.31 AA+
Aa1
07/01/28
10/25/28
146,436.05 381.34 151,168.71
151,550.05
144,960.20
145,341.55
Federal Home Loan Mortgage
Corporation 4.98%

4.61%

3.74%

0.72 AA+
Aa1
2,768,593.61 $6,841.79 $2,736,083.86
$2,742,925.66
$2,750,439.52
$2,757,281.32
Federal National Mortgage
Association
Federal National Mortgage
Association
3136ARTE8

GSE MBS

0.10%
(9.71%)

3.88%

0.12 AA+
Aa1
02/01/26
02/25/26
56,158.21 $126.45 $57,131.57
$57,258.02
$55,970.20
$56,096.65
Federal National Mortgage
Association
3136AUKX8

GSE MBS

0.42%

0.00%

4.18%

0.52 AA+
Aa1
09/01/26
09/25/26
236,169.75 479.23 237,065.71
237,544.94
233,691.03
234,170.26
Federal National Mortgage
Association 0.52%
(1.89%)

4.12%

0.44 AA+
Aa1
292,327.96 $605.68 $294,197.27
$294,802.95
$289,661.23
$290,266.91
Fifth Third Auto Trust 2023-1
Fifth Third Auto Trust 2023-1
31680EAD3
ABS

0.29%

5.60%

4.32%

0.66 AAA
Aaa
07/15/27
08/15/28
158,045.42 $388.44 $158,042.56
$158,431.00
$159,355.83
$159,744.27
Fifth Third Auto Trust 2023-1

0.29%

5.60%

4.32%

0.66 AAA
Aaa
158,045.42 $388.44 $158,042.56
$158,431.00
$159,355.83
$159,744.27
Ford Credit Auto Owner Trust
2023-A
Ford Credit Auto Owner Trust
2023-A
344928AD8
ABS

0.09%

4.70%

4.10%

0.46 AAA
NA
01/15/27
02/15/28
50,268.57 $103.89 $50,267.51
$50,371.40
$50,399.55
$50,503.44
Ford Credit Auto Owner Trust
2023-A 0.09%

4.70%

4.10%

0.46 AAA
NA
50,268.57 $103.89 $50,267.51
$50,371.40
$50,399.55
$50,503.44
Ford Credit Auto Owner Trust
2023-B

Page 57 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
49 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Ford Credit Auto Owner Trust
2023-B
344930AD4
ABS

0.16%

5.29%

4.17%

0.59 AAA
NA
05/15/27
05/15/28
85,368.17 $198.43 $85,367.85
$85,566.29
$85,920.00
$86,118.43
Ford Credit Auto Owner Trust
2023-B 0.16%

5.29%

4.17%

0.59 AAA
NA
85,368.17 $198.43 $85,367.85
$85,566.29
$85,920.00
$86,118.43
GM Financial Consumer
Automobile Receivables Trust
2023-2
GM Financial Consumer
Automobile Receivables Trust 2023-2
362583AD8
ABS

0.10%

4.51%

4.10%

0.46 AAA
Aaa
01/16/27
02/16/28
55,591.51 $103.54 $55,591.23
$55,694.77
$55,688.57
$55,792.11
GM Financial Consumer
Automobile Receivables Trust
2023-2

0.10%

4.51%

4.10%

0.46 AAA
Aaa
55,591.51 $103.54 $55,591.23
$55,694.77
$55,688.57
$55,792.11
Gm Financial Consumer
Automobile Receivables Trust
2022-3
Gm Financial Consumer
Automobile Receivables Trust 2022-3
36265WAD5
ABS

0.00%

3.67%

3.82%

0.04 NA
Aaa
02/16/26
04/16/27
426.53 $0.65 $426.53
$427.18
$426.46
$427.11
Gm Financial Consumer
Automobile Receivables Trust
2022-3

0.00%

3.67%

3.82%

0.04 NA
Aaa
426.53 $0.65 $426.53
$427.18
$426.46
$427.11
Gm Financial Consumer
Automobile Receivables Trust
2023-3
Gm Financial Consumer
Automobile Receivables Trust 2023-3
36267KAD9
ABS

0.08%

5.51%

4.31%

0.61 AAA
Aaa
06/16/27
06/16/28
42,171.89 $95.77 $42,171.45
$42,267.21
$42,475.18
$42,570.95

Page 58 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
50 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Gm Financial Consumer
Automobile Receivables Trust
2023-3

0.08%

5.51%

4.31%

0.61 AAA
Aaa
42,171.89 $95.77 $42,171.45
$42,267.21
$42,475.18
$42,570.95
Gm Financial Consumer
Automobile Receivables Trust
2025-3
Gm Financial Consumer
Automobile Receivables Trust 2025-3
379957AD5
ABS

0.91%

3.94%

3.82%

2.08 AAA
NA
06/16/29
08/16/30
500,000.00 $870.83 $502,940.66
$503,811.50
$504,032.70
$504,903.53
Gm Financial Consumer
Automobile Receivables Trust
2025-3

0.91%

3.94%

3.82%

2.08 AAA
NA
500,000.00 $870.83 $502,940.66
$503,811.50
$504,032.70
$504,903.53
Harley-Davidson Motorcycle
Trust 2023-A
Harley-Davidson Motorcycle
Trust 2023-A
41285JAD0
ABS

0.09%

5.11%

4.15%

0.33 NA
Aaa
09/15/26
12/15/27
50,550.00 $113.46 $50,549.22
$50,662.68
$50,702.20
$50,815.66
Harley-Davidson Motorcycle
Trust 2023-A 0.09%

5.11%

4.15%

0.33 NA
Aaa
50,550.00 $113.46 $50,549.22
$50,662.68
$50,702.20
$50,815.66
Honda Auto Receivables 2023-2
Owner Trust
Honda Auto Receivables 2023-2
Owner Trust
437927AC0
ABS

0.15%

4.99%

3.98%

0.48 AAA
Aaa
01/15/27
11/15/27
83,415.55 $182.77 $83,412.81
$83,595.58
$83,802.25
$83,985.02
Honda Auto Receivables 2023-2
Owner Trust 0.15%

4.99%

3.98%

0.48 AAA
Aaa
83,415.55 $182.77 $83,412.81
$83,595.58
$83,802.25
$83,985.02
Honda Auto Receivables 2023-4
Owner Trust

Page 59 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
51 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Honda Auto Receivables 2023-4
Owner Trust
438123AC5
ABS

0.11%

5.74%

4.23%

0.73 NA
Aaa
10/21/27
06/21/28
60,238.82 $94.88 $60,235.65
$60,330.52
$60,896.20
$60,991.08
Honda Auto Receivables 2023-4
Owner Trust 0.11%

5.74%

4.23%

0.73 NA
Aaa
60,238.82 $94.88 $60,235.65
$60,330.52
$60,896.20
$60,991.08
Hyundai Auto Receivables Trust
2022-C
Hyundai Auto Receivables Trust
2022-C
44933DAD3
ABS

0.09%

5.45%

4.13%

0.18 AAA
NA
05/15/26
06/15/27
50,551.52 $121.10 $50,551.51
$50,672.61
$50,663.05
$50,784.14
Hyundai Auto Receivables Trust
2022-C 0.09%

5.45%

4.13%

0.18 AAA
NA
50,551.52 $121.10 $50,551.51
$50,672.61
$50,663.05
$50,784.14
Hyundai Auto Receivables Trust
2023-B
Hyundai Auto Receivables Trust
2023-B
44933XAD9
ABS

0.07%

5.54%

4.18%

0.53 AAA
NA
02/15/27
04/17/28
39,370.72 $95.89 $39,370.31
$39,466.20
$39,646.93
$39,742.81
Hyundai Auto Receivables Trust
2023-B 0.07%

5.54%

4.18%

0.53 AAA
NA
39,370.72 $95.89 $39,370.31
$39,466.20
$39,646.93
$39,742.81
Hyundai Auto Receivables Trust
2025-C
Hyundai Auto Receivables Trust
2025-C
44935JAD8
ABS

1.36%

3.84%

3.81%

2.19 AAA
NA
04/15/29
04/15/30
750,000.00 $1,293.33 $751,135.66
$752,429.00
$751,568.55
$752,861.88
Hyundai Auto Receivables Trust
2025-C 1.36%

3.84%

3.81%

2.19 AAA
NA
750,000.00 $1,293.33 $751,135.66
$752,429.00
$751,568.55
$752,861.88
JPMorgan Chase & Co.

Page 60 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
52 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
JPMorgan Chase & Co.
46647PDG8
CORP

0.93%

4.01%

3.99%

1.47 A
A1
07/25/27
07/25/28
500,000.00 $10,510.50 $506,290.26
$516,800.76
$506,428.24
$516,938.74
JPMorgan Chase & Co.

0.93%

4.01%

3.99%

1.47 A
A1
500,000.00 $10,510.50 $506,290.26
$516,800.76
$506,428.24
$516,938.74
John Deere Capital Corporation
John Deere Capital Corporation
24422EXF1
CORP

0.37%

4.54%

3.74%

0.97 A
A1
01/08/27
01/08/27
200,000.00 $4,325.00 $199,921.26
$204,246.26
$201,513.73
$205,838.73
John Deere Capital Corporation

0.37%

4.54%

3.74%

0.97 A
A1
200,000.00 $4,325.00 $199,921.26
$204,246.26
$201,513.73
$205,838.73
MUFG Bank, Ltd., New York
Branch
MUFG Bank, Ltd., New York
Branch
62479MC92
CP

1.79%

4.00%

3.77%

0.19 A-1
P-1
03/09/26
03/09/26
1,000,000.00 $0.00 $992,685.83
$992,685.83
$992,925.00
$992,925.00
MUFG Bank, Ltd., New York
Branch 1.79%

4.00%

3.77%

0.19 A-1
P-1
1,000,000.00 $0.00 $992,685.83
$992,685.83
$992,925.00
$992,925.00
Mercedes-Benz Auto Receivables
Trust 2022-1
Mercedes-Benz Auto Receivables
Trust 2022-1
58768PAC8
ABS

0.13%

5.28%

4.13%

0.27 AAA
Aaa
08/15/26
08/16/27
69,738.60 $161.48 $69,736.76
$69,898.25
$69,944.09
$70,105.58
Mercedes-Benz Auto Receivables
Trust 2022-1 0.13%

5.28%

4.13%

0.27 AAA
Aaa
69,738.60 $161.48 $69,736.76
$69,898.25
$69,944.09
$70,105.58
Money Market Obligations Trust
- Federated Treasury Obligations
Fund
Money Market Obligations Trust
- Federated Treasury Obligations
Fund
60934N872
MMFUND

0.71%

3.40%

0.00 AAAm
Aaa
12/31/25
12/31/25
392,296.17 $0.00 $392,296.17
$392,296.17
$392,296.17
$392,296.17

Page 61 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
53 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Money Market Obligations Trust
- Federated Treasury Obligations
Fund
60934N872
MMFUND

0.82%

3.40%

0.00 AAAm
Aaa
12/31/25
12/31/25
453,866.50 0.00 453,866.50
453,866.50
453,866.50
453,866.50
Money Market Obligations Trust
- Federated Treasury Obligations
Fund

1.53%

3.40%

0.00 AAAm
Aaa
846,162.67 $0.00 $846,162.67
$846,162.67
$846,162.67
$846,162.67
National Australia Bank
Limited, New York Branch
National Australia Bank
Limited, New York Branch
63253QAA2
YANKEE

0.77%

4.97%

4.14%

0.03 AAAa201/12/26
01/12/26
415,000.00 $9,674.73 $415,000.00
$424,674.73
$415,092.10
$424,766.83
National Australia Bank
Limited, New York Branch 0.77%

4.97%

4.14%

0.03 AAAa2415,000.00 $9,674.73 $415,000.00
$424,674.73
$415,092.10
$424,766.83
National Rural Utilities
Cooperative Finance Corporation
National Rural Utilities
Cooperative Finance Corporation
63743HFH0
CORP

0.23%

4.58%

4.17%

0.12 AA202/13/26
03/13/26
125,000.00 $1,668.75 $124,969.30
$126,638.05
$125,032.44
$126,701.19
National Rural Utilities
Cooperative Finance Corporation 0.23%

4.58%

4.17%

0.12 AA2125,000.00 $1,668.75 $124,969.30
$126,638.05
$125,032.44
$126,701.19
Natixis, New York Branch
Natixis, New York Branch
63873KG27
CP

1.77%

3.94%

3.82%

0.50 A-1
P-1
07/02/26
07/02/26
1,000,000.00 $0.00 $980,637.23
$980,637.23
$980,962.00
$980,962.00
Natixis, New York Branch
63873QP65
CD

0.77%

5.61%

3.37%

0.70 A+
A1
09/18/26
09/18/26
375,000.00 48,069.25 375,000.00
423,069.25
379,715.55
427,784.80
Natixis, New York Branch

2.55%

4.44%

3.68%

0.56 A+
Aa2
1,375,000.00 $48,069.25 $1,355,637.23
$1,403,706.47
$1,360,677.55
$1,408,746.80

Page 62 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
54 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Nissan Auto Receivables 2022-B
Owner Trust
Nissan Auto Receivables 2022-B
Owner Trust
65480JAC4
ABS

0.09%

4.51%

4.10%

0.29 AAA
Aaa
08/15/26
05/17/27
48,850.69 $96.83 $48,849.40
$48,946.23
$48,902.02
$48,998.86
Nissan Auto Receivables 2022-B
Owner Trust 0.09%

4.51%

4.10%

0.29 AAA
Aaa
48,850.69 $96.83 $48,849.40
$48,946.23
$48,902.02
$48,998.86
Nissan Auto Receivables 2023-A
Owner Trust
Nissan Auto Receivables 2023-A
Owner Trust
65480WAD3
ABS

0.16%

4.97%

4.28%

0.43 NA
Aaa
12/15/26
11/15/27
87,171.61 $190.23 $87,168.59
$87,358.81
$87,419.19
$87,609.42
Nissan Auto Receivables 2023-A
Owner Trust 0.16%

4.97%

4.28%

0.43 NA
Aaa
87,171.61 $190.23 $87,168.59
$87,358.81
$87,419.19
$87,609.42
Nissan Auto Receivables 2023-B
Owner Trust
Nissan Auto Receivables 2023-B
Owner Trust
65480MAD5
ABS

0.11%

6.01%

4.38%

0.52 NA
Aaa
04/15/27
03/15/28
61,583.35 $162.31 $61,580.19
$61,742.49
$62,096.64
$62,258.95
Nissan Auto Receivables 2023-B
Owner Trust 0.11%

6.01%

4.38%

0.52 NA
Aaa
61,583.35 $162.31 $61,580.19
$61,742.49
$62,096.64
$62,258.95
PACCAR Financial Corp.

PACCAR Financial Corp.
69371RS56
CORP

0.23%

5.07%

3.88%

0.58 A+
A1
08/10/26
08/10/26
125,000.00 $2,472.40 $124,986.61
$127,459.00
$125,866.20
$128,338.59
PACCAR Financial Corp.
69371RT63
CORP

0.93%

3.75%

2.03 A+
A1
03/03/28
03/03/28
500,000.00 7,456.94 508,228.89
515,685.83
508,202.33
515,659.27
PACCAR Financial Corp.

1.16%

4.01%

3.78%

1.74 A+
A1
625,000.00 $9,929.34 $633,215.50
$643,144.84
$634,068.53
$643,997.87

Page 63 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
55 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
PepsiCo, Inc.

PepsiCo, Inc.
713448FW3
CORP

0.12%

5.13%

3.74%

0.75 A+
A1
10/10/26
11/10/26
65,000.00 $471.93 $64,994.75
$65,466.68
$65,679.50
$66,151.43
PepsiCo, Inc.

0.12%

5.13%

3.74%

0.75 A+
A1
65,000.00 $471.93 $64,994.75
$65,466.68
$65,679.50
$66,151.43
Pfizer Investment Enterprises
Pte. Ltd.

Pfizer Investment Enterprises
Pte. Ltd.
716973AC6
CORP

0.92%

3.94%

3.84%

2.18 A
A2
04/19/28
05/19/28
500,000.00 $2,595.83 $505,511.91
$508,107.75
$506,629.17
$509,225.00
Pfizer Investment Enterprises
Pte. Ltd. 0.92%

3.94%

3.84%

2.18 A
A2
500,000.00 $2,595.83 $505,511.91
$508,107.75
$506,629.17
$509,225.00
State Street Corporation
State Street Corporation
857477CD3
CORP

0.37%

5.27%

4.00%

0.49 A
Aa3
07/04/26
08/03/26
200,000.00 $4,334.76 $200,000.00
$204,334.76
$201,271.38
$205,606.13
State Street Corporation

0.37%

5.27%

4.00%

0.49 A
Aa3
200,000.00 $4,334.76 $200,000.00
$204,334.76
$201,271.38
$205,606.13
The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc.
38145GAH3
CORP

0.36%

5.41%

3.91%

0.74 BBB+
A2
11/16/26
11/16/26
200,000.00 $875.00 $196,795.78
$197,670.78
$199,302.86
$200,177.86
The Goldman Sachs Group, Inc.
38141GZR8
CORP

0.91%

4.75%

4.09%

1.16 BBB+
A2
03/15/28
03/15/28
500,000.00 5,322.08 497,503.77
502,825.86
497,223.86
502,545.94
The Goldman Sachs Group, Inc.

1.27%

4.94%

4.04%

1.04 BBB+
A2
700,000.00 $6,197.08 $694,299.56
$700,496.64
$696,526.71
$702,723.79
The Home Depot, Inc.

The Home Depot, Inc.
437076CV2
CORP

0.19%

5.04%

3.80%

0.64 A
A2
08/30/26
09/30/26
105,000.00 $1,313.81 $104,934.39
$106,248.20
$105,782.94
$107,096.75
The Home Depot, Inc.

0.19%

5.04%

3.80%

0.64 A
A2
105,000.00 $1,313.81 $104,934.39
$106,248.20
$105,782.94
$107,096.75

Page 64 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
56 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Toronto-Dominion Bank - New
York Branch
Toronto-Dominion Bank - New
York Branch
89115D3Z7
CD

1.82%

4.05%

3.79%

0.04 NA
P-1
01/15/26
01/15/26
1,000,000.00 $9,337.50 $1,000,000.00
$1,009,337.50
$1,000,092.00
$1,009,429.50
Toronto-Dominion Bank - New
York Branch 1.82%

4.05%

3.79%

0.04 NA
P-1
1,000,000.00 $9,337.50 $1,000,000.00
$1,009,337.50
$1,000,092.00
$1,009,429.50
Toyota Auto Receivables 2022-C
Owner Trust
Toyota Auto Receivables 2022-C
Owner Trust
89231CAD9
ABS

0.03%

3.80%

3.84%

0.17 AAA
NA
05/15/26
04/15/27
15,619.25 $26.10 $15,619.06
$15,645.16
$15,616.36
$15,642.46
Toyota Auto Receivables 2022-C
Owner Trust 0.03%

3.80%

3.84%

0.17 AAA
NA
15,619.25 $26.10 $15,619.06
$15,645.16
$15,616.36
$15,642.46
Toyota Auto Receivables 2022-D
Owner Trust
Toyota Auto Receivables 2022-D
Owner Trust
89239HAD0
ABS

0.07%

5.36%

4.19%

0.36 NA
Aaa
10/15/26
09/15/27
37,335.68 $87.95 $37,335.17
$37,423.12
$37,487.48
$37,575.42
Toyota Auto Receivables 2022-D
Owner Trust 0.07%

5.36%

4.19%

0.36 NA
Aaa
37,335.68 $87.95 $37,335.17
$37,423.12
$37,487.48
$37,575.42
Toyota Auto Receivables 2023-A
Owners Trust
Toyota Auto Receivables 2023-A
Owners Trust
891940AC2
ABS

0.10%

4.67%

3.99%

0.35 AAA
NA
10/15/26
09/15/27
56,500.38 $116.27 $56,500.36
$56,616.63
$56,630.21
$56,746.47
Toyota Auto Receivables 2023-A
Owners Trust 0.10%

4.67%

3.99%

0.35 AAA
NA
56,500.38 $116.27 $56,500.36
$56,616.63
$56,630.21
$56,746.47

Page 65 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
57 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Toyota Auto Receivables 2023-B
Owner Trust
Toyota Auto Receivables 2023-B
Owner Trust
891941AD8
ABS

0.19%

4.76%

4.03%

0.54 NA
Aaa
03/15/27
02/15/28
106,972.69 $223.93 $106,971.33
$107,195.26
$107,376.76
$107,600.68
Toyota Auto Receivables 2023-B
Owner Trust 0.19%

4.76%

4.03%

0.54 NA
Aaa
106,972.69 $223.93 $106,971.33
$107,195.26
$107,376.76
$107,600.68
Toyota Auto Receivables 2024-D
Owner Trust
Toyota Auto Receivables 2024-D
Owner Trust
89239TAE2
ABS

0.92%

4.01%

4.00%

2.67 AAA
Aaa
03/15/29
04/15/30
500,000.00 $984.44 $506,208.10
$507,192.55
$506,319.25
$507,303.69
Toyota Auto Receivables 2024-D
Owner Trust 0.92%

4.01%

4.00%

2.67 AAA
Aaa
500,000.00 $984.44 $506,208.10
$507,192.55
$506,319.25
$507,303.69
Toyota Motor Credit
Corporation
Toyota Motor Credit
Corporation
89236TLJ2
CORP

0.32%

4.84%

3.91%

0.01 A+
A1
01/05/26
01/05/26
175,000.00 $4,106.67 $174,999.24
$179,105.91
$175,015.51
$179,122.17
Toyota Motor Credit
Corporation
89236TKT1
CORP

0.38%

4.47%

3.86%

0.38 A+
A1
05/18/26
05/18/26
210,000.00 1,116.21 209,983.80
211,100.01
210,445.99
211,562.20
Toyota Motor Credit
Corporation
89236TMS1
CORP

0.92%

3.79%

3.78%

1.68 A+
A1
10/08/27
10/08/27
500,000.00 5,014.58 504,731.53
509,746.12
504,838.90
509,853.48
Toyota Motor Credit
Corporation 1.63%

4.16%

3.82%

1.04 A+
A1
885,000.00 $10,237.46 $889,714.57
$899,952.03
$890,300.39
$900,537.85
United States

Page 66 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
58 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
United States
912797RH2
US GOV

1.44%

3.94%

2.64%

0.02 A-1+
P-1
01/08/26
01/08/26
800,000.00 $0.00 $799,401.50
$799,401.50
$799,536.90
$799,536.90
United States
912797RT6
US GOV

3.24%

3.83%

3.48%

0.12 A-1+
P-1
02/12/26
02/12/26
1,800,000.00 0.00 1,792,169.63
1,792,169.63
1,792,641.80
1,792,641.80
United States
912797RV1
US GOV

1.44%

3.82%

3.49%

0.17 A-1+
P-1
03/05/26
03/05/26
800,000.00 0.00 794,799.00
794,799.00
795,130.09
795,130.09
United States
912797SL2
US GOV

3.22%

3.83%

3.57%

0.27 A-1+
P-1
04/09/26
04/09/26
1,800,000.00 0.00 1,781,857.75
1,781,857.75
1,782,753.08
1,782,753.08
United States
912797QN0
US GOV

1.43%

3.67%

3.54%

0.36 A-1+
P-1
05/14/26
05/14/26
800,000.00 0.00 789,504.82
789,504.82
789,747.31
789,747.31
United States
912797QX8
US GOV

3.20%

3.66%

3.54%

0.44 A-1+
P-1
06/11/26
06/11/26
1,800,000.00 0.00 1,771,523.12
1,771,523.12
1,772,154.67
1,772,154.67
United States
912797RF6
US GOV

1.42%

3.67%

3.47%

0.51 A-1+
P-1
07/09/26
07/09/26
800,000.00 0.00 785,121.50
785,121.50
785,796.50
785,796.50
United States
912797RG4
US GOV

2.30%

3.67%

3.48%

0.59 A-1+
P-1
08/06/26
08/06/26
1,300,000.00 0.00 1,272,250.37
1,272,250.37
1,273,437.35
1,273,437.35
United States
91282CHU8
US GOV

2.03%

4.73%

3.60%

0.60 AA+
Aa1
08/15/26
08/15/26
1,100,000.00 18,177.65 1,097,659.27
1,115,836.92
1,105,206.25
1,123,383.89
United States
912797RS8
US GOV

2.30%

3.64%

3.45%

0.66 A-1+
P-1
09/03/26
09/03/26
1,300,000.00 0.00 1,269,010.39
1,269,010.39
1,270,369.41
1,270,369.41
United States
91282CHY0
US GOV

0.92%

3.56%

0.68 AA+
Aa1
09/15/26
09/15/26
500,000.00 6,899.17 503,632.69
510,531.87
503,651.25
510,550.42
United States
912797SA6
US GOV

2.11%

3.65%

3.46%

0.74 A-1+
P-1
10/01/26
10/01/26
1,200,000.00 0.00 1,168,056.73
1,168,056.73
1,169,438.81
1,169,438.81
United States
91282CJC6
US GOV

0.83%

4.73%

3.57%

0.76 AA+
Aa1
10/15/26
10/15/26
450,000.00 4,459.82 449,647.40
454,107.22
453,625.57
458,085.39
United States
912797SK4
US GOV

2.28%

3.64%

3.47%

0.82 A-1+
P-1
10/29/26
10/29/26
1,300,000.00 0.00 1,261,943.36
1,261,943.36
1,263,457.56
1,263,457.56
United States
91282CJK8
US GOV

2.29%

4.34%

3.57%

0.85 AA+
Aa1
11/15/26
11/15/26
1,250,000.00 7,506.04 1,253,057.19
1,260,563.24
1,261,169.15
1,268,675.19
United States
91282CJP7
US GOV

3.38%

4.09%

3.53%

0.93 AA+
Aa1
12/15/26
12/15/26
1,850,000.00 3,780.05 1,854,840.13
1,858,620.18
1,864,511.73
1,868,291.78
United States
91282CJP7
US GOV

0.91%

4.23%

3.53%

0.93 AA+
Aa1
12/15/26
12/15/26
500,000.00 1,021.63 500,672.44
501,694.08
503,922.09
504,943.72

Page 67 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
59 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
United States
91282CJP7
US GOV

2.37%

3.52%

3.53%

0.93 AA+
Aa1
12/15/26
12/15/26
1,300,000.00 2,656.25 1,310,351.93
1,313,008.18
1,310,197.43
1,312,853.68
United States
91282CNP2
US GOV

0.92%

3.55%

3.49%

1.50 AA+
Aa1
07/31/27
07/31/27
500,000.00 8,108.02 502,493.35
510,601.37
502,910.16
511,018.17
United States
91282CFH9
US GOV

1.82%

3.59%

3.48%

1.59 AA+
Aa1
08/31/27
08/31/27
1,000,000.00 10,618.09 992,517.98
1,003,136.07
994,257.81
1,004,875.90
United States
91282CFZ9
US GOV

0.91%

3.49%

1.83 AA+
Aa1
11/30/27
11/30/27
500,000.00 1,703.30 503,489.59
505,192.88
503,554.69
505,257.99
United States
91282CFZ9
US GOV

1.83%

3.52%

3.49%

1.83 AA+
Aa1
11/30/27
11/30/27
1,000,000.00 3,406.59 1,006,474.90
1,009,881.49
1,007,109.38
1,010,515.97
United States
91282CMF5
US GOV

1.87%

3.50%

1.91 AA+
Aa1
01/15/28
01/15/28
1,000,000.00 19,633.15 1,014,593.64
1,034,226.79
1,014,726.56
1,034,359.71
United States
91282CMF5
US GOV

1.87%

3.53%

3.50%

1.91 AA+
Aa1
01/15/28
01/15/28
1,000,000.00 19,633.15 1,014,067.93
1,033,701.09
1,014,726.56
1,034,359.71
United States
91282CMN8
US GOV

1.86%

3.52%

3.50%

1.99 AA+
Aa1
02/15/28
02/15/28
1,000,000.00 16,052.99 1,014,795.82
1,030,848.81
1,015,273.44
1,031,326.43
United States
91282CJA0
US GOV

2.82%

3.49%

3.53%

2.54 AA+
Aa1
09/30/28
09/30/28
1,500,000.00 17,724.93 1,544,070.59
1,561,795.52
1,542,421.88
1,560,146.81
United States
91282CPP0
US GOV

2.26%

3.61%

3.54%

2.78 AA+
Aa1
12/15/28
12/15/28
1,250,000.00 2,043.27 1,246,267.14
1,248,310.41
1,248,535.15
1,250,578.42
United States
91282CKG5
US GOV

2.32%

3.58%

2.99 AA+
Aa1
03/31/29
03/31/29
1,250,000.00 13,173.94 1,270,689.72
1,283,863.66
1,270,703.13
1,283,877.06
United States

55.60%

3.76%

3.49%

1.11 AA+
Aa1
30,650,000.00 $156,598.05 $30,564,959.87
$30,721,557.91
$30,610,965.69
$30,767,563.74
Volkswagen Auto Lease Trust
2025-B
Volkswagen Auto Lease Trust
2025-B
92868BAE3
ABS

1.36%

3.92%

3.87%

1.87 AAA
Aaa
01/20/28
05/20/30
750,000.00 $916.67 $751,636.85
$752,553.52
$752,161.80
$753,078.47
Volkswagen Auto Lease Trust
2025-B 1.36%

3.92%

3.87%

1.87 AAA
Aaa
750,000.00 $916.67 $751,636.85
$752,553.52
$752,161.80
$753,078.47
Wells Fargo & Company

Page 68 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
60 GASB 40
Issuer
Identifier
Security Type
% of Market
Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value +
Accrued
Wells Fargo & Company
949746RW3
CORP

0.36%

5.11%

3.88%

0.30 BBB+
A1
04/22/26
04/22/26
200,000.00 $1,150.00 $198,744.03
$199,894.03
$199,448.87
$200,598.87
Wells Fargo & Company

0.36%

5.11%

3.88%

0.30 BBB+
A1
200,000.00 $1,150.00 $198,744.03
$199,894.03
$199,448.87
$200,598.87
Wells Fargo Bank, National
Association
Wells Fargo Bank, National
Association
94988J6F9
CORP

0.69%

5.25%

3.81%

0.83 A+
Aa2
11/10/26
12/11/26
375,000.00 $1,094.58 $375,000.00
$376,094.58
$379,519.88
$380,614.46
Wells Fargo Bank, National
Association 0.69%

5.25%

3.81%

0.83 A+
Aa2
375,000.00 $1,094.58 $375,000.00
$376,094.58
$379,519.88
$380,614.46
Portfolio Total
100.00%

3.98%

3.65%

1.09 AAAa203/17/27
05/31/27
54,976,315.93 $358,285.38 $54,871,457.89
$55,229,743.28
$54,976,929.18
$55,335,214.56

Page 69 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
61 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
Receivable
CCYUSD
CASH
12/31/25
$45,101.92
$45,101.92
$45,101.92
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,641.16
$1,641.16
$1,641.16
Receivable
CCYUSD
CASH
12/31/25
28,924.96
28,924.96
28,924.96

0.00 0.00

0.00 0.00
1,362.87
1,362.87
1,362.87

FEDERATED HRMS TRS
SVC
60934N872
MMFUND
12/31/25
4,803,076.07
4,803,076.07
4,803,076.07
4,128,176.72

0.00 (8,538,956.62)

0.00 0.00

0.00 69,553.96

0.00 0.00
(0.00)
392,296.17
392,296.17
392,296.17

FEDERATED HRMS TRS
SVC
60934N872
MMFUND
12/31/25
20,000,000.00
20,000,000.00
20,000,000.00
1,847,886.51

0.00 (21,394,020.01)

0.00 0.00

0.00 47,886.51

0.00 0.00
(0.00)
453,866.50
453,866.50
453,866.50
BACCT 2023-1 A
05522RDG0
ABS
05/15/26
119,972.83
120,598.10
120,598.10

0.00 0.00
(120,375.00)
(303.37)

0.00 0.00
958.00

0.00 379.27

0.00 0.00

0.00 0.00
AMXCA 2023-1 A
02582JJZ4
ABS
05/15/26
139,987.58
140,760.79
140,760.79

0.00 0.00

0.00 0.00
1,704.51

0.00 0.00
513.90
139,987.58
140,512.05
139,998.15
TAOT 2022-B A3
89238FAD5
ABS
09/15/26
5,248.38
5,145.90
5,145.90

0.00 0.00

0.00 (5,148.90)

12.89 0.00

0.01 0.00

0.00 0.00

0.00 BACCT 2023-2 A
05522RDH8
ABS
11/16/26
169,977.17
172,086.04
172,086.04

0.00 0.00

0.00 0.00
2,116.50

0.00 0.00
1,772.02
169,977.17
171,764.55
169,992.53
ALLYA 2022-1 A3
02008JAC0
ABS
11/16/26
118.67
106.68
106.68

0.00 0.00

0.00 (106.72)

0.29 0.00
(0.00)

0.00 0.00

0.00 0.00
GMCAR 2022-2 A3
362585AC5
ABS
02/16/27
10,917.61
10,906.40
10,906.40

0.00 0.00

0.00 (10,919.90)

51.20 0.00

0.00 0.00

0.00 CARMX 2022-2 A3
14317HAC5
ABS
02/16/27
13,312.07
12,409.55
12,409.55

0.00 0.00

0.00 (12,416.83)

53.24 0.00

0.01 0.00

0.00 0.00

0.00

Page 70 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
62 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
TAOT 2022-C A3
89231CAD9
ABS
04/15/27
28,295.45
28,267.05
28,267.05

0.00 0.00

0.00 (12,680.92)
223.87

0.00 (0.00)
(2.70)
15,616.64
15,616.36
15,619.06
CARMX 2022-3 A3
14318MAD1
ABS
04/15/27
53,217.98
53,187.88
53,187.88

0.00 0.00

0.00 (30,921.21)
422.11

0.00 0.01
(0.68)
22,297.51
22,297.33
22,298.01
GMCAR 2022-3 A3
36265WAD5
ABS
04/16/27
20,299.34
20,283.58
20,283.58

0.00 0.00

0.00 (19,872.94)
122.14

0.00 (0.01)
(0.07)
426.53
426.46
426.53
ALLYA 2022-2 A3
02008MAC3
ABS
05/17/27
87,052.27
87,142.30
87,142.30

0.00 0.00

0.00 (49,977.29)
824.08

0.00 0.00

26.18 37,075.61
37,102.22
37,076.04
NAROT 2022-B A3
65480JAC4
ABS
05/17/27
76,508.04
76,597.57
76,597.57

0.00 0.00

0.00 (27,673.18)
743.57

0.00 0.00

52.63 48,840.59
48,902.02
48,849.40
HART 2022-C A3
44933DAD3
ABS
06/15/27
93,705.58
94,062.08
94,062.08

0.00 0.00

0.00 (43,154.50)
1,059.88

0.00 (0.00)
111.53
50,551.28
50,663.05
50,551.51
CARMX 2022-4 A3
14318UAD3
ABS
08/16/27
95,550.38
95,927.21
95,927.21

0.00 0.00

0.00 (36,562.72)
1,106.92

0.00 0.00
169.72
58,996.23
59,178.18
59,008.47
MBART 2022-1 A3
58768PAC8
ABS
08/16/27
110,903.82
111,340.60
111,340.60

0.00 0.00

0.00 (41,187.17)
1,251.74

0.00 0.00
207.33
69,724.80
69,944.09
69,736.76
TAOT 2023-A A3
891940AC2
ABS
09/15/27
78,892.37
79,058.53
79,058.53

0.00 0.00

0.00 (22,392.02)
823.06

0.00 (0.00)
129.84
56,500.36
56,630.21
56,500.36
TAOT 2022-D A3
89239HAD0
ABS
09/15/27
51,634.40
51,897.48
51,897.48

0.00 0.00

0.00 (14,303.82)
617.80

0.00 0.00
152.31
37,332.00
37,487.48
37,335.17
AMXCA 2022-4 A
02582JJX9
ABS
10/15/27
119,994.05
120,030.61
120,030.61

0.00 0.00

0.00 (120,000.00)
495.00

0.00 0.00

Page 71 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
63 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
NAROT 2023-A A3
65480WAD3
ABS
11/15/27
124,112.51
124,522.51
124,522.51

0.00 0.00

0.00 (36,962.83)
1,360.37

0.00 0.01
250.61
87,156.21
87,419.19
87,168.59
HAROT 2023-2 A3
437927AC0
ABS
11/15/27
110,930.45
111,453.58
111,453.58

0.00 0.00

0.00 (27,532.87)
1,249.17

0.00 (0.00)
389.44
83,402.04
83,802.25
83,412.81
HDMOT 2023-A A3
41285JAD0
ABS
12/15/27
73,238.91
73,489.89
73,489.89

0.00 0.00

0.00 (22,696.28)
823.13

0.00 (0.00)
152.98
50,544.91
50,702.20
50,549.22
TAOT 2023-B A3
891941AD8
ABS
02/15/28
136,430.52
136,932.53
136,932.53

0.00 0.00

0.00 (29,465.46)
1,485.14

0.00 (0.00)
405.42
106,966.71
107,376.76
106,971.33
FORDO 2023-A A3
344928AD8
ABS
02/15/28
68,059.71
68,250.43
68,250.43

0.00 0.00

0.00 (17,798.24)
717.40

0.00 (0.00)
132.04
50,263.33
50,399.55
50,267.51
GMCAR 2023-2 A3
362583AD8
ABS
02/16/28
75,799.35
75,937.78
75,937.78

0.00 0.00

0.00 (20,209.91)
767.48

0.00 (0.01)

97.34 55,589.99
55,688.57
55,591.23
BMWOT 2023-A A3
05592XAD2
ABS
02/25/28
49,198.66
49,554.92
49,554.92

0.00 0.00

0.00 (13,130.82)
609.68

0.00 (0.00)
219.05
36,070.16
36,294.18
36,075.13
NAROT 2023-B A3
65480MAD5
ABS
03/15/28
82,895.03
83,617.41
83,617.41

0.00 0.00

0.00 (21,328.52)
1,116.26

0.00 0.01
516.45
61,570.85
62,096.64
61,580.19
DCENT 2023-1 A
254683CY9
ABS
03/15/28
299,982.60
300,327.51
300,327.51

0.00 0.00
(300,246.09)
(682.42)

0.00 0.00
2,155.00

0.00 248.10

0.00 0.00

0.00 0.00
HART 2023-B A3
44933XAD9
ABS
04/17/28
51,332.06
51,712.94
51,712.94

0.00 0.00

0.00 (11,963.56)
646.93

0.00 (0.01)
276.62
39,369.01
39,646.93
39,370.31
FORDO 2023-B A3
344930AD4
ABS
05/15/28
110,239.91
111,043.66
111,043.66

0.00 0.00

0.00 (24,873.23)
1,325.90

0.00 0.00
552.15
85,367.02
85,920.00
85,367.85

Page 72 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
64 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
GMCAR 2023-3 A3
36267KAD9
ABS
06/16/28
54,041.17
54,487.11
54,487.11

0.00 0.00

0.00 (11,871.36)
679.70

0.00 (0.00)
303.73
42,170.26
42,475.18
42,171.45
HAROT 2023-4 A3
438123AC5
ABS
06/21/28
74,385.67
75,279.02
75,279.02

0.00 0.00

0.00 (14,159.96)
984.47

0.00 0.01
660.55
60,228.21
60,896.20
60,235.65
FITAT 2023-1 A3
31680EAD3
ABS
08/15/28
198,695.57
200,537.23
200,537.23

0.00 0.00

0.00 (40,662.46)
2,546.10

0.00 (0.00)
1,313.26
158,035.63
159,355.83
158,042.56
CHAIT 2023-1 A
161571HT4
ABS
09/15/28
379,894.66
384,580.44
384,580.44

0.00 0.00
(383,710.94)
(1,034.87)

0.00 0.00
3,268.00

0.00 3,739.93

0.00 0.00

0.00 0.00
COMET 2024-1 A
14041NGE5
ABS
09/17/29

0.00 0.00

0.00 751,904.30
(1,551.67)

0.00 0.00

0.00 0.00
2,450.00

0.00 0.00
273.73
751,904.30
752,099.78
751,826.05
AMXCA 2025-1 A
02582JKM1
ABS
12/17/29

0.00 0.00

0.00 762,158.20
(1,805.00)

0.00 0.00

0.00 0.00
2,850.00

0.00 0.00
413.12
762,158.20
762,131.85
761,718.73
CARMX 2024-3 A4
14319GAE1
ABS
01/15/30

0.00 0.00

0.00 764,560.55
(505.21)

0.00 0.00

0.00 0.00
3,031.25

0.00 0.00
1,440.70
764,560.55
765,482.03
764,041.33
HART 2025-C A3
44935JAD8
ABS
04/15/30

0.00 0.00

0.00 751,171.88
(1,455.00)

0.00 0.00

0.00 0.00
2,425.00

0.00 0.00
432.89
751,171.88
751,568.55
751,135.66
TAOT 2024-D A4
89239TAE2
ABS
04/15/30

0.00 0.00

0.00 506,367.19
(1,107.50)

0.00 0.00

0.00 0.00
1,845.83

0.00 0.00
111.15
506,367.19
506,319.25
506,208.10
VWALT 2025-B A4
92868BAE3
ABS
05/20/30

0.00 0.00

0.00 751,699.22
(1,083.33)

0.00 0.00

0.00 0.00
2,500.00

0.00 0.00
524.95
751,699.22
752,161.80
751,636.85
GMCAR 2025-3 A3
379957AD5
ABS
08/16/30

0.00 0.00

0.00 503,085.94
(232.22)

0.00 0.00

0.00 0.00
1,741.67

0.00 0.00
1,092.04
503,085.94
504,032.70
502,940.66

Page 73 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
65 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
Toronto-Dominion Bank -
New York Branch
89115B6K1
CD
10/27/25
500,000.00
500,492.00
500,492.00

0.00 0.00

0.00 0.00
(500,000.00)

0.00 28,544.44

0.00 0.00

0.00 0.00
Nordea ABP - New York
Branch
65558UYF3
CD
11/03/25
500,000.00
500,314.75
500,314.75

0.00 0.00

0.00 0.00
(500,000.00)

0.00 13,825.00

0.00 0.00

0.00 0.00
Toronto-Dominion Bank -
New York Branch
89115D3Z7
CD
01/15/26

0.00 0.00

0.00 1,000,000.00

0.00 0.00

92.00 1,000,000.00
1,000,092.00
1,000,000.00
Coöperatieve Rabobank
U.A., New York Branch
21684LGS5
CD
07/17/26
475,000.00
480,646.85
480,646.85

0.00 0.00

0.00 4,329.25
475,000.00
479,329.25
475,000.00
Natixis, New York Branch
63873QP65
CD
09/18/26
375,000.00
381,163.91
381,163.91

0.00 0.00

0.00 4,715.55
375,000.00
379,715.55
375,000.00

AMERICAN HONDA

FINANCE CORP
02665WEQ0
CORP
10/03/25
174,837.25
175,013.76
175,013.76

0.00 0.00

0.00 0.00
(175,000.00)

0.00 5,075.00

0.00 0.00

LOCKHEED MARTIN
CORP
539830BU2
CORP
10/15/25
79,772.00
80,009.40
80,009.40

0.00 0.00

0.00 0.00
(80,000.00)

0.00 1,980.00

0.00 0.00

UNITEDHEALTH GROUP
INC
91324PEN8
CORP
10/15/25
79,992.80
80,017.55
80,017.55

0.00 0.00

0.00 0.00
(80,000.00)

0.00 2,060.00

0.00 0.00

LOCKHEED MARTIN
CORP
539830BU2
CORP
10/15/25
95,046.55
95,011.16
95,011.16

0.00 0.00

0.00 0.00
(95,000.00)

0.00 2,351.25

0.00 0.00

BRISTOL-MYERS SQUIBB
CO
110122DN5
CORP
11/13/25
118,435.00
124,489.44
124,489.44

0.00 0.00

0.00 0.00
(125,000.00)

0.00 468.75

0.00 0.00

AUSTRALIA AND NEW

ZEALAND BANKING

GROUP LTD (NEW Y
05254JAA8
CORP
12/08/25
250,000.00
250,329.52
250,329.52

0.00 0.00

0.00 0.00
(250,000.00)

0.00 6,360.00

0.00 0.00

Page 74 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
66 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

TOYOTA MOTOR CREDIT
CORP
89236TLJ2
CORP
01/05/26
174,865.25
175,243.80
175,243.80

0.00 0.00

0.00 16.27
174,865.25
175,015.51
174,999.24

CITIGROUP INC
172967KG5
CORP
01/12/26
194,698.00
199,647.72
199,647.72

0.00 0.00

0.00 37.53
194,698.00
199,975.76
199,938.23

NATIONAL RURAL

UTILITIES COOPERATIVE

FINANCE CORP
63743HFH0
CORP
03/13/26
124,536.25
125,056.21
125,056.21

0.00 0.00

0.00 63.14
124,536.25
125,032.44
124,969.30

BANK OF AMERICA CORP
06051GFX2
CORP
04/19/26
170,066.75
174,452.71
174,452.71

0.00 0.00

0.00 0.00
3,062.50

0.00 0.00
302.30
170,066.75
174,774.28
174,471.97

WELLS FARGO & CO
949746RW3
CORP
04/22/26
188,176.00
198,836.79
198,836.79

0.00 0.00

0.00 0.00
3,000.00

0.00 0.00
704.84
188,176.00
199,448.87
198,744.03

CATERPILLAR FINANCIAL

SERVICES CORP
14913UAA8
CORP
05/15/26
249,882.50
250,722.28
250,722.28

0.00 0.00

0.00 0.00
5,437.50

0.00 0.00
462.89
249,882.50
250,447.62
249,984.74

TOYOTA MOTOR CREDIT
CORP
89236TKT1
CORP
05/18/26
209,878.20
210,621.94
210,621.94

0.00 0.00

0.00 0.00
4,672.50

0.00 0.00
462.19
209,878.20
210,445.99
209,983.80

AMERICAN HONDA

FINANCE CORP
02665WEK3
CORP
07/07/26
84,895.45
85,719.48
85,719.48

0.00 0.00

0.00 607.26
84,895.45
85,588.10
84,980.84

AMERICAN HONDA

FINANCE CORP
02665WEK3
CORP
07/07/26
64,583.35
65,550.19
65,550.19

0.00 0.00

0.00 526.47
64,583.35
65,449.72
64,923.25

AMERICAN HONDA

FINANCE CORP
02665WEK3
CORP
07/07/26
50,252.00
50,423.22
50,423.22

0.00 0.00

0.00 298.80
50,252.00
50,345.94
50,047.14

STATE STREET CORP
857477CD3
CORP
08/03/26
200,000.00
201,894.97
201,894.97

0.00 0.00

0.00 1,271.38
200,000.00
201,271.38
200,000.00

Page 75 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
67 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

PACCAR FINANCIAL
CORP
69371RS56
CORP
08/10/26
124,937.50
126,242.34
126,242.34

0.00 0.00

0.00 879.59
124,937.50
125,866.20
124,986.61

BANK OF AMERICA NA
06428CAA2
CORP
08/18/26
275,000.00
278,421.12
278,421.12

0.00 0.00

0.00 2,496.71
275,000.00
277,496.71
275,000.00

HOME DEPOT INC
437076CV2
CORP
09/30/26
104,770.05
106,090.19
106,090.19

0.00 0.00

0.00 848.55
104,770.05
105,782.94
104,934.39

PEPSICO INC
713448FW3
CORP
11/10/26
64,982.45
65,854.74
65,854.74

0.00 0.00

0.00 0.00
1,665.63

0.00 0.00
684.75
64,982.45
65,679.50
64,994.75

GOLDMAN SACHS

GROUP INC
38145GAH3
CORP
11/16/26
188,710.00
198,696.97
198,696.97

0.00 0.00

0.00 0.00
3,500.00

0.00 0.00
2,507.07
188,710.00
199,302.86
196,795.78

WELLS FARGO BANK NA
94988J6F9
CORP
12/11/26
375,000.00
380,388.22
380,388.22

0.00 0.00

0.00 0.00
9,851.25

0.00 0.00
4,519.88
375,000.00
379,519.88
375,000.00

JOHN DEERE CAPITAL
CORP
24422EXF1
CORP
01/08/27
199,778.00
201,576.78
201,576.78

0.00 0.00

0.00 1,592.47
199,778.00
201,513.73
199,921.26

AUSTRALIA AND NEW

ZEALAND BANKING

GROUP LTD (NEW Y
05253JAZ4
CORP
01/18/27
250,000.00
252,630.38
252,630.38

0.00 0.00

0.00 2,411.13
250,000.00
252,411.13
250,000.00

COMCAST CORP
20030NBY6
CORP
02/01/27
186,160.00
198,284.29
198,284.29

0.00 0.00

0.00 3,726.42
186,160.00
198,828.09
195,101.67

TOYOTA MOTOR CREDIT
CORP
89236TMS1
CORP
10/08/27

0.00 0.00

0.00 504,935.00
(3,322.92)

0.00 0.00

0.00 107.37
504,935.00
504,838.90
504,731.53

PACCAR FINANCIAL
CORP
69371RT63
CORP
03/03/28

0.00 0.00

0.00 508,505.00
(5,750.69)

0.00 0.00

0.00 (26.56)
508,505.00
508,202.33
508,228.89

Page 76 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
68 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

GOLDMAN SACHS

GROUP INC
38141GZR8
CORP
03/15/28

0.00 0.00

0.00 496,990.00
(3,916.25)

0.00 0.00

0.00 (279.92)
496,990.00
497,223.86
497,503.77

CITIGROUP INC
172967PZ8
CORP
05/07/28

0.00 0.00

0.00 503,625.00
(1,676.64)

0.00 0.00

0.00 630.93
503,625.00
504,058.78
503,427.84

PFIZER INVESTMENT

ENTERPRISES PTE LTD
716973AC6
CORP
05/19/28

0.00 0.00

0.00 505,695.00
(865.28)

0.00 0.00

0.00 1,117.26
505,695.00
506,629.17
505,511.91

BANK OF AMERICA CORP
06051GKW8
CORP
07/22/28

0.00 0.00

0.00 507,070.00
(9,002.61)

0.00 0.00

0.00 327.45
507,070.00
507,079.56
506,752.11

JPMORGAN CHASE & CO
46647PDG8
CORP
07/25/28

0.00 0.00

0.00 506,585.00
(8,624.00)

0.00 0.00

0.00 137.98
506,585.00
506,428.24
506,290.26

BANK OF MONTREAL
06368MXU3
CORP
09/22/28

0.00 0.00

0.00 750,307.50
(6,177.63)

0.00 0.00

0.00 199.36
750,307.50
750,502.18
750,302.81
AMAZON.COM INC
023135CT1
CORP
11/20/30

0.00 0.00

0.00 250,880.00

0.00 0.00

0.00 0.00
(588.61)
250,880.00
250,272.56
250,861.16
AMAZON.COM INC
023135CT1
CORP
11/20/30

0.00 0.00

0.00 249,732.50

0.00 0.00

0.00 0.00
534.40
249,732.50
250,272.56
249,738.15
MUFG Bank, Ltd., New
York Branch
62479MC92
CP
03/09/26

0.00 0.00

0.00 983,515.83

0.00 0.00

0.00 0.00
239.17
983,515.83
992,925.00
992,685.83
Credit Agricole Corporate
And Investment Bank, New
22533UE82
CP
05/08/26

0.00 0.00

0.00 977,317.50

0.00 0.00

0.00 0.00
490.50
977,317.50
986,838.00
986,347.50
Natixis, New York Branch
63873KG27
CP
07/02/26

0.00 0.00

0.00 971,700.56

0.00 0.00

0.00 0.00
324.77
971,700.56
980,962.00
980,637.23

Page 77 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
69 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
BNP Paribas New York
Branch
09659CH76
CP
08/07/26

0.00 0.00

0.00 485,982.50

0.00 0.00

93.00 485,982.50
488,648.00
488,555.00
FHMS K-053 A2
3137BN6G4

GSE MBS
12/25/25
162,517.07
163,703.42
163,703.42

0.00 0.00

0.00 (164,411.66)
800.47

0.00 0.00

0.00 0.00
FHMS K-054 A2
3137BNGT5

GSE MBS
01/25/26
224,852.44
233,242.95
233,242.95

0.00 0.00

0.00 (149,406.38)
1,325.09

0.00 (0.00)
(220.93)
81,632.41
84,937.58
85,158.50
FHMS K-054 A2
3137BNGT5

GSE MBS
01/25/26
185,514.51
190,835.14
190,835.14

0.00 0.00

0.00 (122,241.59)
1,084.16

0.00 (0.00)
(180.76)
67,350.82
69,494.38
69,675.14
FNA 2016-M03 A2
3136ARTE8

GSE MBS
02/25/26
180,485.66
105,753.44
105,753.44

0.00 0.00

0.00 (50,324.73)
636.04

0.00 0.01
(1,161.36)
95,186.63
55,970.20
57,131.57
FHMS K-736 A2
3137FNWX4

GSE MBS
07/25/26
222,512.09
236,724.34
236,724.34

0.00 0.00

0.00 (1,190.55)
1,365.89

0.00 (0.01)
1,533.02
221,407.43
236,647.98
235,114.96
FHMS K-057 A2
3137BRQJ7

GSE MBS
07/25/26
227,193.20
236,279.07
236,279.07

0.00 0.00

0.00 (1,373.30)
1,532.22

0.00 0.00
513.78
225,887.38
235,865.30
235,351.52
FHMS K-057 A2
3137BRQJ7

GSE MBS
07/25/26
222,190.51
236,279.07
236,279.07

0.00 0.00

0.00 (1,373.30)
1,532.22

0.00 0.00
1,168.53
220,913.45
235,865.30
234,696.77
FHMS K-058 A2
3137BSP72

GSE MBS
08/25/26
383,156.25
395,286.32
395,286.32

0.00 0.00

0.00 0.00
2,652.99

0.00 0.00
395.78
383,156.25
396,573.92
396,178.14
FHMS K-059 A2
3137BSRE5

GSE MBS
09/25/26
260,378.59
272,572.23
272,572.23

0.00 0.00

0.00 (3,515.63)
2,139.94

0.00 (0.00)
2,551.21
257,048.77
269,715.07
267,163.86
FNA 2016-M12 A2
3136AUKX8

GSE MBS
09/25/26
254,259.37
246,617.09
246,617.09

0.00 0.00

0.00 (14,150.37)
1,485.27

0.00 (0.00)
(3,374.68)
239,886.32
233,691.03
237,065.71

Page 78 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
70 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
FHMS K-062 A2
3137BUX60

GSE MBS
12/25/26
261,840.82
273,134.68
273,134.68

0.00 0.00

0.00 (1,407.35)
2,343.55

0.00 (0.00)
3,319.59
260,500.81
272,278.28
268,958.69
FHMS K-062 A2
3137BUX60

GSE MBS
12/25/26
262,485.35
273,134.68
273,134.68

0.00 0.00

0.00 (1,407.35)
2,343.55

0.00 (0.00)
3,135.95
261,142.04
272,278.28
269,142.33
FHMS K-063 A2
3137BVZ82

GSE MBS
01/25/27
259,273.44
273,249.43
273,249.43

0.00 0.00

0.00 0.00
2,358.12

0.00 0.00
4,111.55
259,273.44
273,742.87
269,631.31
FHMS K-065 A2
3137F1G44

GSE MBS
04/25/27
244,938.28
257,244.47
257,244.47

0.00 0.00

0.00 0.00
2,107.95

0.00 0.00
4,236.44
244,938.28
258,080.37
253,843.93
FHMS K-092 A1
3137FLYU2

GSE MBS
10/25/28
169,058.69
157,005.16
157,005.16

0.00 0.00

0.00 (12,550.38)
1,209.48

0.00 0.01
(6,208.50)
155,713.21
144,960.20
151,168.71

UNITED STATES

TREASURY
912797RN9
US GOV
11/12/25

0.00 0.00

0.00 1,793,204.25

0.00 0.00

0.00 (1,800,000.00)

0.00 0.00

0.00 (0.00)

0.00 0.00

UNITED STATES

TREASURY
91282CFW6
US GOV
11/15/25
1,140,468.75
1,125,483.40
1,125,483.40

0.00 0.00

0.00 0.00
(1,125,000.00)

0.00 25,312.50

0.00 0.00

UNITED STATES

TREASURY
912797QZ3
US GOV
12/18/25

0.00 0.00

0.00 1,786,411.25

0.00 0.00

0.00 (1,800,000.00)

0.00 0.00

0.00 (0.00)

0.00 0.00

UNITED STATES

TREASURY
912797RH2
US GOV
01/08/26

0.00 0.00

0.00 792,219.50

0.00 0.00

0.00 0.00
135.40
792,219.50
799,536.90
799,401.50

UNITED STATES

TREASURY
91282CGE5
US GOV
01/15/26
2,544,123.05
2,549,228.04
2,549,228.04

0.00 0.00
(2,550,099.61)
(38,186.65)

0.00 0.00

0.00 0.00
335.04

0.00 0.00

UNITED STATES

TREASURY
912797RT6
US GOV
02/12/26

0.00 0.00

0.00 1,776,508.88

0.00 0.00

0.00 0.00
472.17
1,776,508.88
1,792,641.80
1,792,169.63

Page 79 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
71 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

UNITED STATES

TREASURY
91282CGL9
US GOV
02/15/26
913,725.00
930,145.31
930,145.31

0.00 0.00
(930,508.59)
(11,119.57)

0.00 0.00

0.00 0.00
1,678.80

0.00 0.00

UNITED STATES

TREASURY
912797RV1
US GOV
03/05/26

0.00 0.00

0.00 787,864.33

0.00 0.00

0.00 0.00
331.09
787,864.33
795,130.09
794,799.00

UNITED STATES

TREASURY
912797SL2
US GOV
04/09/26

0.00 0.00

0.00 1,766,307.25

0.00 0.00

0.00 0.00
895.33
1,766,307.25
1,782,753.08
1,781,857.75

UNITED STATES

TREASURY
91282CGV7
US GOV
04/15/26
1,147,349.61
1,149,483.40
1,149,483.40

0.00 0.00
(1,150,269.53)
(5,923.76)

0.00 0.00
21,562.50

0.00 608.44

0.00 0.00

UNITED STATES

TREASURY
912797QN0
US GOV
05/14/26

0.00 0.00

0.00 782,876.29

0.00 0.00

0.00 0.00
242.49
782,876.29
789,747.31
789,504.82

UNITED STATES

TREASURY
91282CHB0
US GOV
05/15/26
1,683,332.03
1,697,669.15
1,697,669.15

0.00 0.00
(1,699,335.94)
(3,064.23)

0.00 0.00
30,812.50

0.00 2,007.73

0.00 0.00

UNITED STATES

TREASURY
912797QX8
US GOV
06/11/26

0.00 0.00

0.00 1,756,665.62

0.00 0.00

0.00 0.00
631.54
1,756,665.62
1,772,154.67
1,771,523.12

UNITED STATES

TREASURY
91282CHH7
US GOV
06/15/26
965,478.52
977,262.30
977,262.30

0.00 0.00
(978,008.79)
(994.42)

0.00 0.00
20,109.38

0.00 4,619.80

0.00 0.00

UNITED STATES

TREASURY
912797RF6
US GOV
07/09/26

0.00 0.00

0.00 778,508.83

0.00 0.00

0.00 0.00
675.00
778,508.83
785,796.50
785,121.50

UNITED STATES

TREASURY
91282CHM6
US GOV
07/15/26
1,547,517.58
1,558,633.98
1,558,633.98

0.00 0.00
(1,557,689.45)
(27,103.94)

0.00 0.00

0.00 0.00
8,223.02

0.00 0.00

UNITED STATES

TREASURY
912797RG4
US GOV
08/06/26

0.00 0.00

0.00 1,261,508.58

0.00 0.00

0.00 0.00
1,186.98
1,261,508.58
1,273,437.35
1,272,250.37

Page 80 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
72 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

UNITED STATES

TREASURY
91282CHU8
US GOV
08/15/26
1,089,515.63
1,105,714.84
1,105,714.84

0.00 0.00

0.00 7,546.98
1,089,515.63
1,105,206.25
1,097,659.27

UNITED STATES

TREASURY
912797RS8
US GOV
09/03/26

0.00 0.00

0.00 1,258,385.38

0.00 0.00

0.00 0.00
1,359.02
1,258,385.38
1,270,369.41
1,269,010.39

UNITED STATES

TREASURY
91282CHY0
US GOV
09/15/26
992,851.56
1,008,351.56
1,008,351.56

0.00 0.00
(1,007,695.31)
(11,754.14)

0.00 0.00

0.00 0.00
9,593.22

0.00 0.00

UNITED STATES

TREASURY
91282CHY0
US GOV
09/15/26

0.00 0.00

0.00 503,828.13
(6,004.83)

0.00 0.00

0.00 18.56
503,828.13
503,651.25
503,632.69

UNITED STATES

TREASURY
912797SA6
US GOV
10/01/26

0.00 0.00

0.00 1,158,228.03

0.00 0.00

0.00 0.00
1,382.08
1,158,228.03
1,169,438.81
1,168,056.73

UNITED STATES

TREASURY
91282CJC6
US GOV
10/15/26
448,734.38
454,160.74
454,160.74

0.00 0.00

0.00 0.00
10,406.25

0.00 0.00
3,978.17
448,734.38
453,625.57
449,647.40

UNITED STATES

TREASURY
912797SK4
US GOV
10/29/26

0.00 0.00

0.00 1,255,748.09

0.00 0.00

0.00 0.00
1,514.20
1,255,748.09
1,263,457.56
1,261,943.36

UNITED STATES

TREASURY
91282CJK8
US GOV
11/15/26
1,259,814.45
1,262,158.20
1,262,158.20

0.00 0.00

0.00 0.00
28,906.25

0.00 0.00
8,111.96
1,259,814.45
1,261,169.15
1,253,057.19

UNITED STATES

TREASURY
91282CJP7
US GOV
12/15/26
1,864,308.59
1,864,453.13
1,864,453.13

0.00 0.00

0.00 0.00
40,468.75

0.00 0.00
9,671.61
1,864,308.59
1,864,511.73
1,854,840.13

UNITED STATES

TREASURY
91282CJP7
US GOV
12/15/26
501,972.66
503,906.25
503,906.25

0.00 0.00

0.00 0.00
10,937.50

0.00 0.00
3,249.65
501,972.66
503,922.09
500,672.44

UNITED STATES

TREASURY
91282CJP7
US GOV
12/15/26

0.00 0.00

0.00 1,310,765.63
(468.75)

0.00 0.00

0.00 (154.49)
1,310,765.63
1,310,197.43
1,310,351.93

Page 81 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
73 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value

UNITED STATES

TREASURY
91282CNP2
US GOV
07/31/27

0.00 0.00

0.00 502,597.66
(6,686.48)

0.00 0.00

0.00 416.80
502,597.66
502,910.16
502,493.35

UNITED STATES

TREASURY
91282CFH9
US GOV
08/31/27

0.00 0.00

0.00 991,992.19
(6,906.08)

0.00 0.00

0.00 1,739.83
991,992.19
994,257.81
992,517.98

UNITED STATES

TREASURY
91282CFZ9
US GOV
11/30/27

0.00 0.00

0.00 503,671.88
(9,369.88)

0.00 0.00

0.00 0.00
9,687.50

0.00 0.00

65.10 503,671.88
503,554.69
503,489.59

UNITED STATES

TREASURY
91282CFZ9
US GOV
11/30/27

0.00 0.00

0.00 1,006,718.75
(532.28)

0.00 0.00

0.00 634.48
1,006,718.75
1,007,109.38
1,006,474.90

UNITED STATES

TREASURY
91282CMF5
US GOV
01/15/28

0.00 0.00

0.00 1,016,015.63
(10,625.00)

0.00 0.00

0.00 132.92
1,016,015.63
1,014,726.56
1,014,593.64

UNITED STATES

TREASURY
91282CMF5
US GOV
01/15/28

0.00 0.00

0.00 1,014,570.31
(16,283.97)

0.00 0.00

0.00 658.63
1,014,570.31
1,014,726.56
1,014,067.93

UNITED STATES

TREASURY
91282CMN8
US GOV
02/15/28

0.00 0.00

0.00 1,015,273.44
(12,934.78)

0.00 0.00

0.00 477.62
1,015,273.44
1,015,273.44
1,014,795.82

UNITED STATES

TREASURY
91282CJA0
US GOV
09/30/28

0.00 0.00

0.00 1,547,343.75
(2,858.86)

0.00 0.00

0.00 (1,648.72)
1,547,343.75
1,542,421.88
1,544,070.59

UNITED STATES

TREASURY
91282CPP0
US GOV
12/15/28

0.00 0.00

0.00 1,246,240.23
(1,081.73)

0.00 0.00

0.00 2,268.01
1,246,240.23
1,248,535.15
1,246,267.14

UNITED STATES

TREASURY
91282CKG5
US GOV
03/31/29

0.00 0.00

0.00 1,270,947.27
(10,907.45)

0.00 0.00

0.00 13.40
1,270,947.27
1,270,703.13
1,270,689.72

NATIONAL AUSTRALIA

BANK LTD (NEW YORK

BRANCH)
63253QAA2
YANKEE
01/12/26
415,000.00
415,957.09
415,957.09

0.00 0.00

0.00 92.10
415,000.00
415,092.10
415,000.00

Page 82 of 197 ends

October 1 - December 31, 2025
10/01/2025 to 12/31/2025
74 Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original
Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased
Accrued
Sales
Disposed
Accrued
Maturities
Paydowns
Interest
Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
Portfolio Total
$54,206,031.13
$54,426,149.83
$54,299,438.30
($40,610,915.88)
($100,167.37)
($6,530,000.00)
($1,263,326.21)
$481,579.63
$0.00
$31,433.36
$105,471.28
$54,656,356.33
$54,979,933.21
$54,874,461.92

Page 83 of 197 ends

October 1 - December 31, 2025
Organizational Structure
Public Trust Advisors, LLC, PMA Financial Network, LLC, PMA Securities, LLC and PMA Asset Management, LLC are under common ownership as part of PTMA Financial Solutions, LLC (“PTMA”).

Public Trust Advisors, LLC and PMA Asset Management, LLC, are two separate SEC registered investment advisers, both doing business as PTMA Investment Advisors. PMA Securities, LLC is a broker-dealer and municipal advisor registered with the SEC and MSRB and is a member of FINRA and SIPC. Registration with the SEC does not imply a certain level of skill or training. Marketing, securities, institutional brokerage services and municipal advisory services are offered through PMA Securities, LLC. PTMA Investment Advisors provides investment advisory services to local government investment pools (“Funds”) and separate accounts. All other products are provided by PMA Financial Network, LLC.

Report Information
This report is intended to detail investment advisory activity through your PTMA Investment Advisors separately managed account (hereinafter “Account”). This information is for the sole purposes of the client and is not intended to provide specific investment advice or recommendations. This report is provided for informational purposes only and does not constitute an official account statement.

Clients should refer to custodial statements for official records of holdings and transactions.

Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Information derived from sources other than PTMA (including pricing, security characteristics and market analytics), is believed to be reliable; however, the data in this report is unaudited and PTMA makes no representations as to its accuracy or completeness. Data is applicable as of the date in the report. Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc.

Statements and reports made available to the end user either from PTMA or Clearwater Analytics may present information and portfolio analytics using various valuation methodologies including, but not limited to, historical cost, amortized cost, and market value. These methodologies may differ from the methodologies used in your internal accounting or by your custodian.

Forward-looking statements, including opinions or forecasts, in this report are based on current assumptions and are subject to change without notice. This report is not intended to be, nor should it be relied upon in any way as a forecast or guarantee of future events regarding a particular investment or the markets in general. Certain security characteristics may include assumptions including, but not limited to, expected levels of volatility, prepayment rates, default rates and recovery rates. Actual results may differ materially due to market or economic conditions.

The securities in this Account are not guaranteed, insured or otherwise protected by PTMA, the FDIC (except for certain bank products) or by any government agency. Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal; please consult the Firm’s Form ADV Brochure for more detailed information on potential risks. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is not a guarantee of future results.

This report is intended solely for the use of the client and may not be distributed or relied upon by any other party. Clients are encouraged to contact PTMA with any questions regarding the information presented herein.

Custodian Bank
A qualified custodian, as defined under Rule 206(4)-2 of the Investment Advisers Act of 1940, maintains control of all assets, executes/settles all investment transactions and provides the official record of securities, investments, cash holdings and transactions. The custodian will provide you custodial statements and you are strongly encouraged to compare PTMA’s statement to the custodian’s statement and reconcile any differences. Please contact PTMA with any questions regarding discrepancies between your custodial statement and your PTMA statement. Many custodians use a settlement date basis, which may result in the need to reconcile due to a timing difference. The custodian may also provide accounting information for all account assets, which may differ from your records or accounting information provided by PTMA. The custodian may use different pricing sources or a different pricing hierarchy than PTMA, which also may contribute to differences in the market value of your Account.

Legal or Tax Information
PTMA and its employees do not offer tax or legal advice. You should consult with your tax and/or legal advisors before making any tax or legal related investment decisions. Cost data and realized gains/ losses are provided for your informational purposes only. Please review for accuracy and consult your tax advisor to determine the tax consequences of your transactions. PTMA does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported. 75

Page 84 of 197 ends

October 1 - December 31, 2025
Account Assets, Cost, Valuation and Performance
In computing the market value of any asset of the Account, each security listed on any national securities exchange shall be valued at the last quoted sale price on the valuation date on the principal exchange on which such security is traded. The market values of many fixed income securities are provided by pricing services companies which utilize pricing evaluations based on various market and industry inputs. A hierarchy of pricing sources, which may include prices provided by PTMA, is used to provide a price for each security in this report. Although PTMA believes the price to be reliable, the values of the investments do not always represent the prices at which the investments could have been bought or sold. The prices provided are not firm bids or offers.

All return data that is provided includes the reinvestment of interest received and capital gains and is net of the expense ratio of each investment fund (as applicable). Where indicated, net returns include the deduction of management fees. Return information for periods greater than one year are annualized. When applicable, benchmark performance is provided for comparison purposes only. The benchmark data is sourced from third-party providers believed to be reliable but has not been independently verified. The benchmarks reflect the performance of unmanaged indices and do not include items like fees, expenses, or transaction costs. You cannot invest directly in the benchmark. Variances between your experience and the benchmark will exist based on tactical investment decisions and other factors. There is no guarantee your portfolio will outperform its benchmark.

Unmanaged Accounts or Assets
PTMA may permit clients to maintain unmanaged accounts or external assets in PTMA’s portfolio accounting system solely for the purposes of client reporting. PTMA defines an unmanaged account or asset as those for which PTMA does not contractually provide continuous and regular supervisory or management services as the Investment Manager. PTMA does not make any investment recommendations and may not charge an investment advisory fee for reporting on these accounts/assets. The primary purpose of this service is to include unmanaged accounts/assets owned by the client in consolidated reports provided by the Investment Manager. Values for unmanaged accounts/assets are shown based on information provided by the client or separate custodian. PTMA assumes no liability for the underlying value or performance, as applicable, of any unmanaged accounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such information.

Unmanaged accounts or external assets may not be readily identifiable as such in the Client’s Account statement or report.

Ratings
Information provided for ratings is based upon a good faith inquiry of selected sources, but their accuracy and completeness cannot be guaranteed. Standard & Poor’s and Moody’s ratings may represent the long-term rating of the issue or issuer as available. Credit ratings are subject to change at any time and may not reflect the current financial condition or creditworthiness of the issuer.

Account Control
PTMA does not have the authority to withdraw funds from the client’s account maintained by the qualified custodian, except in limited circumstances as authorized by the client for the payment of the investment advisory fee. Our clients retain responsibility for their internal accounting policies, and for implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions.

Notification of Changes
To appropriately serve you, we request that you promptly notify us of any material change in your investment policy, investment objective or financial situation. Such changes may affect your current investment strategy and asset allocation.

ADV Firm Brochure
PTMA Investment Advisors provides its clients with a written disclosure statement of its background and business experience. If you would like to receive another copy of the Firm Brochure, please visit the IAPD website at https://adviserinfo.sec.gov/.

Review of Report
Please review the contents of this information carefully. Should you have any questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us. For more information visit https://ptma.com/ ©2025 PTMA Financial Solutions
76

Page 85 of 197 ends

City Council Staff Report
Meeting Date: March 24, 2026
Prepared By: Jessie Kim
Approved By: Gabe Engeland
Subject: Acceptance of Treasurer's Report

COUNCIL PRIORITY AREA
General Government

RECOMMENDATION
Receive and file the City’s Treasurer’s Report for the quarter ending December 31, 2025

ENVIRONMENTAL IMPACT
None.

FISCAL IMPACT
None.

PREVIOUS COUNCIL CONSIDERATION
November 18, 2025

BACKGROUND

ANALYSIS

DISCUSSION
The Treasurer’s Report for the quarter ending December 31, 2025, is attached for review. The report provides quarter-end balances for all City treasury accounts and the check registers for the period October 1 through December 31, 2025, documenting disbursements made during the quarter.

As of December 31, the City maintained funds in the following treasury and investment accounts.

1. US Bank General Checking: This account is used to meet the City’s daily operational cash needs, including the deposit of City revenues and disbursement of funds for payroll, vendor payments, and other obligations. It provides immediate liquidity for all day-to-day transactions.

Page 86 of 197 ends

2. Local Agency Investment Fund (LAIF): Managed by the California State Treasurer, LAIF serves as the City’s primary liquidity reserve beyond the general checking account. It is a fully liquid investment pool used to fund short-term operating expenses when checking balances are insufficient.

3. California Cooperative Liquid Assets Securities System (CalCLASS): CalCLASS is a Joint Powers Authority investment pool created specifically for California public agencies. It offers daily liquidity and invests in high-quality short-term instruments. While similar to LAIF, CalCLASS provides portfolio diversification and competitive yields, helping the City balance safety, liquidity, and return. The City now uses both CalCLASS and LAIF to reduce risk and improve flexibility in managing short-term cash.

4. Public Treasury Management and Advisory Financial Solutions (PTMA): PTMA (previously PTA) is a professional investment advisory firm that manages the City’s longer-term investment portfolio. Investments with maturities of 1 to 12 months are held in a custody account at US Bank and managed by PTMA using a ladder strategy to support cash flow needs. Funds not expected to be needed for 12 months or more are invested by PTMA in a strategic portfolio.

The balances for each of the City’s Treasury accounts as of December 31, 2025, are as follows:

In addition, the City’s check register for the quarter has been organized by month for clarity. The disbursement totals for each month are as follows.
• October 2025: $2,640,102
• November 2025: $1,763,865
• December 2025: $33,229,457
Total disbursements for the quarter amounted to $17,633,425

ATTACHMENTS

1. Attachment 1 - Check Register

Page 87 of 197 ends

Check Register
October 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200782 10/02/2025 10103 AMAZON CAPITAL SERVICES INC 1,600.56 200783 10/02/2025 10202 AXON ENTERPRISE INC 23,883.85
200784 10/02/2025 10257 Bear Electrical Solutions Inc. 77,506.75 200785 10/02/2025 10573 COMCAST 641.49
200786 10/02/2025 10607 SANTA CLARA COUNTY SHERIFF 500.00 200787 10/02/2025 99998 Jose Agulto 931.55
200788 10/02/2025 99998 Nandhini Sampath 323.05
200789 10/02/2025 99998 Sushim Mitra 910.61
200790 10/02/2025 99998 YOUR ENERGY SOLUTIONS 220.14
200791 10/02/2025 10636 D&M TRAFFIC SERVICES INC 7,611.86 200792 10/02/2025 10640 DAHL'S EQUIPMENT RENTALS INC 450.00 200793 10/02/2025 10663 DAVID J. POWERS & ASSOCIATES INC. 1,523.25 200794 10/02/2025 10677 DEL CONTE'S LANDSCAPING INC. 17,343.00 200795 10/02/2025 12979 DIAMOND QUALITY PRINTING INC 1,149.02 200796 10/02/2025 10731 Donna Santistevan 124.01
200797 10/02/2025 10758 E & J Valueplus 3,009.47
200798 10/02/2025 99999 Brian Werner 1,008.40
200799 10/02/2025 99999 Bryan Van Horn 646.96
200800 10/02/2025 99999 Sijin Wang 250.00
200801 10/02/2025 10848 FARANEH POURKIANI 51.80
200802 10/02/2025 10855 FEDEX 68.25
200803 10/02/2025 10977 GOOD CITY COMPANY 1,138.50
200804 10/02/2025 11165 INSIGHT PUBLIC SECTOR INC 284.65 200805 10/02/2025 11276 JOHNSTONE SUPPLY 87.98
200806 10/02/2025 11394 KMVT COMMUNITY TELEVISION 16,319.32 200807 10/02/2025 12978 KUA BODY LLC 7,700.00
200808 10/02/2025 11463 LATC MEDIA INC 1,016.00
200809 10/02/2025 11580 LOS ALTOS CHAMBER OF COMMERCE 1,200.00 200810 10/02/2025 11582 LOS ALTOS HARDWARE INC 47.95
200811 10/02/2025 11647 MALLORY SAFETY AND SUPPLY LLC 1,738.10 200812 10/02/2025 11801 MOUNTAIN VIEW GARDEN CENTER 46.36 200813 10/02/2025 11855 NBS GOVERNMENT FINANCE GROUP 1,187.19 200814 10/02/2025 11956 PACIFIC GAS AND ELECTRIC CO 156.79 200815 10/02/2025 11956 PACIFIC GAS AND ELECTRIC CO 9,725.40 200816 10/02/2025 11956 PACIFIC GAS AND ELECTRIC CO 166.71 200817 10/02/2025 11956 PACIFIC GAS AND ELECTRIC CO 2,070.44 200818 10/02/2025 11956 PACIFIC GAS AND ELECTRIC CO 65.52 200819 10/02/2025 11956 PACIFIC GAS AND ELECTRIC CO 83.51 200820 10/02/2025 11956 PACIFIC GAS AND ELECTRIC CO 8,981.71 200821 10/02/2025 11956 PACIFIC GAS AND ELECTRIC CO 17.35 200822 10/02/2025 11959 PACIFIC OFFICE AUTOMATION INC. 1,877.50 200823 10/02/2025 12021 PENINSULA UNIFORMS AND ARTISAN EMBROIDERY 17.47 200824 10/02/2025 12092 PRESTIGE PRINTING AND GRAPHICS 1,837.35 200825 10/02/2025 12095 PRIME ACTUARIAL CONSULTING LLC 9,200.00 200826 10/02/2025 12105 PUBLIC TRUST ADVISORS LLC 2,986.94 200827 10/02/2025 99997 Edward Jones 551.00
200828 10/02/2025 99997 Financial GPS Group 551.00
200829 10/02/2025 99997 Kerry Bonar 551.00
200830 10/02/2025 99997 Kerry Bonar 593.00
200831 10/02/2025 99997 Narinder Kasturia 66.56
200832 10/02/2025 99997 Nataliia Zarichna 214.00

Page 88 of 197 ends

Check Register
October 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200833 10/02/2025 99997 ROBERTSON STEPHENS 551.00
200834 10/02/2025 12166 REDWOOD TRADING POST 208.73
200835 10/02/2025 12199 ROBERT HALF 3,844.80
200836 10/02/2025 12320 SCOTT GERDES 1,014.25
200837 10/02/2025 12350 Sharvari Dixit 2,176.29
200838 10/02/2025 12449 SPOKE HS INC 175.00
200839 10/02/2025 12475 STAPLES ADVANTAGE 335.41
200840 10/02/2025 12495 STERICYCLE INC 115.13
200841 10/02/2025 12646 TOP DOG POLICE K9 TRAINING AND CONSULTING LLC 275.00 200842 10/02/2025 12661 TRB AND ASSOCIATES INC 40,772.16 200843 10/02/2025 12809 WECO INDUSTRIES LLC 3,156.93
200844 10/07/2025 10384 CALLANDER ASSOCIATES LANDSCAPE ARCHITECTURE INC. 20,876.94 200845 10/07/2025 10977 GOOD CITY COMPANY 2,345.75
200846 10/07/2025 11009 GREATAMERICA FINANCIAL SERVICES CORP. 115.67 200847 10/07/2025 12433 Sonsray Machinery LLC 2,149.95
200848 10/07/2025 12495 STERICYCLE INC 218.80
200849 10/09/2025 10103 AMAZON CAPITAL SERVICES INC 263.51 200850 10/09/2025 10153 APWA - AMERICAN PUBLIC WORKS ASSOCIATION 410.00 200851 10/09/2025 10258 BEAUCHAINE CONSULTING GROUP LLC 877.50 200852 10/09/2025 10381 CALIFORNIA WATER SERVICE 116,505.78 200853 10/09/2025 10431 CDW GOVERNMENT INC. 2,148.50
200854 10/09/2025 10515 Christopher K. Boucher 21,313.25 200855 10/09/2025 10573 COMCAST 181.60
200856 10/09/2025 10573 COMCAST 257.13
200857 10/09/2025 10573 COMCAST 272.13
200858 10/09/2025 10582 CONCENTRA MEDICAL CENTERS 80.00 200859 10/09/2025 10701 Dex Background Investigations 2,009.80 200860 10/09/2025 10770 EDGES ELECTRICAL GROUP LLC 1,617.86 200861 10/09/2025 99999 Ryan Burke 1,706.95
200862 10/09/2025 10866 COPY FACTORY 351.93
200863 10/09/2025 10962 GIULIANI & KULL INC 765.00
200864 10/09/2025 11006 GRANITE ROCK CO 131.08
200865 10/09/2025 11009 GREATAMERICA FINANCIAL SERVICES CORP. 115.67 200866 10/09/2025 11041 STRUCTECH ENGINEERING 84,726.17 200867 10/09/2025 11058 HARRIS AND ASSOCIATES 10,195.00 200868 10/09/2025 12394 IRENE BARRAGAN 80.62
200869 10/09/2025 11274 JOHNSON ROBERTS & ASSOCIATES INC 117.00 200870 10/09/2025 11276 JOHNSTONE SUPPLY 157.19
200871 10/09/2025 11358 KENNETH HOWELL PETERSON 1,060.80 200872 10/09/2025 11582 LOS ALTOS HARDWARE INC 134.47
200873 10/09/2025 11584 LOS ALTOS HISTORY MUSEUM 18,750.00 200874 10/09/2025 11586 LOS ALTOS MOUNTAIN VIEW COMMUNITY FOUNDATION 11,000.00 200875 10/09/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 1,753.38 200876 10/09/2025 11713 MCKESSON MEDICAL - SURGICAL 49,295.34 200877 10/09/2025 11737 METRO MOBILE COMMUNICATIONS 382.50 200878 10/09/2025 11803

MOUNTAIN VIEW-LOS ALTOS UNION HIGH SCHOOL

DISTRICT

23.00 200879 10/09/2025 11852 NAVIA BENEFIT SOLUTIONS 2,044.50 200880 10/09/2025 11941 O'REILLY AUTO ENTERPRISES LLC 256.26 200881 10/09/2025 11959 PACIFIC OFFICE AUTOMATION INC. 538.58 200882 10/09/2025 12089 PREFERRED ALLIANCE INC 232.48

Page 89 of 197 ends

Check Register
October 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200883 10/09/2025 12104 Public Risk Innovation Solutions and Management 3,120.00 200884 10/09/2025 99997 Avenidas 551.00
200885 10/09/2025 99997 Gloria Chacon Valdez 551.00
200886 10/09/2025 99997 Ivy & Pearls Foundation 551.00
200887 10/09/2025 99997 Kaiser Permanente Hospital Santa Clara 551.00 200888 10/09/2025 99997 Lisa Lee 551.00
200889 10/09/2025 99997 Omair Farooqui 551.00
200890 10/09/2025 12187 RICHARD T CAMPBELL 151.20
200891 10/09/2025 12199 ROBERT HALF 1,922.40
200892 10/09/2025 12252 SAN FRANCISCO DAILY LLC 225.00
200893 10/09/2025 12269 SANITARY TRUCK DRIVERS & HELPERS 1,054.00 200894 10/09/2025 12283 SANTA CLARA COUNTY REGISTRAR OF VOTERS 15,940.30 200895 10/09/2025 12964 TOWNSEND PUBLIC AFFAIRS, INC 4,000.00 200896 10/09/2025 12672 TRISTAR RISK MANAGEMENT 18,795.59 200897 10/09/2025 12694 TYLER TECHNOLOGIES INC 1,240.00 200898 10/09/2025 12698 U.S. BANK 46,067.41
200899 10/09/2025 12828 WESTLAKE HARDWARE INC 69.81
200900 10/16/2025 10183 ASSOCIATION OF BAY AREA GOVERMENTS 4,200.60 200901 10/16/2025 10026 ABSOLUTE SOFTWARE INC. 7,200.00 200902 10/16/2025 10163 ARGO CONSTRUCTION INC. 129,105.00 200903 10/16/2025 10188 AT&T 3,776.10
200904 10/16/2025 10202 AXON ENTERPRISE INC 69,482.27
200905 10/16/2025 10483 CHEVRON AND TEXACO BUSINESS CARD SERVICES 961.66 200906 10/16/2025 10530 CITIBANK N.A. 757.77
200907 10/16/2025 10550 CLEANSWEEP SERVICES INC. 16,855.28 200908 10/16/2025 10753 DUNN-EDWARDS CORPORATION 374.32 200909 10/16/2025 99999 Amicie Duncker II 35.00
200910 10/16/2025 99999 Levi Lnenicka 466.47
200911 10/16/2025 99999 Tracie Banuelos 579.50
200912 10/16/2025 10834 F & S AUTO BODY INC. 812.22
200913 10/16/2025 10864 FILE ON Q 4,913.30
200914 10/16/2025 10943 GB Auto Service Inc/ Bruce's Tire & Auto 206.19 200915 10/16/2025 11154 IMPEC GROUP INC 780.00
200916 10/16/2025 11155 IMPERIAL SPRINKLER SUPPLY, LLC 409.43 200917 10/16/2025 11169 INTERACTIVE DATA LLC 105.00
200918 10/16/2025 12938 LANGAN CA INC 3,025.00
200919 10/16/2025 11454 LANGUAGE LINE SERVICES 48.88
200920 10/16/2025 11471 LAWRENCE J. LANG 1,898.97
200921 10/16/2025 11509 LEXISNEXIS RISK DATA MGT LLC 158.80 200922 10/16/2025 11509 LEXISNEXIS RISK DATA MGT LLC 988.80 200923 10/16/2025 12969 LITTLE DAVID PEST CONTROL INC. 725.00 200924 10/16/2025 11582 LOS ALTOS HARDWARE INC 38.18
200925 10/16/2025 11584 LOS ALTOS HISTORY MUSEUM 30,000.00 200926 10/16/2025 11767 MISAC NO. CA REGIONAL DIV 130.00 200927 10/16/2025 11769 MISSION TRAIL WASTE SYSTEMS 30,724.80 200928 10/16/2025 11801 MOUNTAIN VIEW GARDEN CENTER 275.81 200929 10/16/2025 11956 PACIFIC GAS AND ELECTRIC CO 26,633.15 200930 10/16/2025 11999 PAY PLUS SOLUTIONS 652.00
200931 10/16/2025 99997 Agnes Veith 551.00
200932 10/16/2025 12199 ROBERT HALF 1,922.40
200933 10/16/2025 12256 SAN JOSE WATER COMPANY 253.02

Page 90 of 197 ends

Check Register
October 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200934 10/16/2025 12428 SODEXO INC. 53.62
200935 10/16/2025 12484 Statewide Traffic Safety and Signs Inc. 311.05 200936 10/16/2025 12528 SUMMIT UNIFORMS LLC 1,312.50
200937 10/16/2025 12634 T-Mobile USA Inc. 787.65
200938 10/16/2025 12570 TANGENT COMPUTER INC 489.36
200939 10/16/2025 12657 TRANS BAY ELEVATOR CORPORATION 1,380.00 200940 10/16/2025 12755 VESTIS 866.90
200941 10/16/2025 12813 JONATHAN WEINBERG 1,340.16
200942 10/16/2025 12828 WESTLAKE HARDWARE INC 13.08
200943 10/23/2025 12962 ACE PARKING III LLC 15,327.48
200944 10/23/2025 10063 ALAMEDA COUNTY SHERIFF'S OFFICE 350.00 200945 10/23/2025 10074 ALINA SHKRAB 525.00
200946 10/23/2025 10103 AMAZON CAPITAL SERVICES INC 24.54 200947 10/23/2025 10125 ANDERSON BRULE ARCHITECTS 3,887.45 200948 10/23/2025 10188 AT&T 6,876.15
200949 10/23/2025 10381 CALIFORNIA WATER SERVICE 4,674.43 200950 10/23/2025 10423 CASEY JENSEN-RICHARDSON 27.00
200951 10/23/2025 10438 CENTURY GRAPHICS 1,692.35
200952 10/23/2025 10530 CITIBANK N.A. 1,314.69
200953 10/23/2025 12983 CITY MECHANICAL INC 2,946.00
200954 10/23/2025 10534 CITY OF CUPERTINO 345.38
200955 10/23/2025 10540 CITY OF PALO ALTO - REV COLLECTIONS 2,865.24 200956 10/23/2025 10573 COMCAST 220.04
200957 10/23/2025 10573 COMCAST 107.43
200958 10/23/2025 10573 COMCAST 218.54
200959 10/23/2025 10573 COMCAST 233.77
200960 10/23/2025 10573 COMCAST 128.48
200961 10/23/2025 10574 COMCAST BUSINESS 926.78
200962 10/23/2025 10607 SANTA CLARA COUNTY SHERIFF 4,370.03 200963 10/23/2025 10636 D&M TRAFFIC SERVICES INC 2,482.99 200964 10/23/2025 10718 DIVISION of the STATE ARCHITECT 1,295.20 200965 10/23/2025 10770 EDGES ELECTRICAL GROUP LLC 1,276.76 200966 10/23/2025 10789 ELIZABETH KWAN 673.93
200967 10/23/2025 99999 Anthony Friebel 752.03
200968 10/23/2025 99999 Anthony Friebel 81.32
200969 10/23/2025 99999 Bryan Van Horn 1,338.00
200970 10/23/2025 99999 David Lopez 482.99
200971 10/23/2025 99999 Heather Cressall 586.80
200972 10/23/2025 99999 Jennifer Pena 1,263.18
200973 10/23/2025 99999 Jennifer Tannous 1,334.24
200974 10/23/2025 99999 Levi Lnenicka 1,023.43
200975 10/23/2025 99999 Levi Lnenicka 57.61
200976 10/23/2025 10937 GARDENLAND CENTER INC 2,871.55
200977 10/23/2025 10999 GRAINGER 156.42
200978 10/23/2025 11061 HARRY HALVORSEN 1,150.00
200979 10/23/2025 11165 INSIGHT PUBLIC SECTOR INC 271.59 200980 10/23/2025 12954 INTERWEST CONSULTING GROUP INC. 10,080.00 200981 10/23/2025 11195 IT MANAGEMENT CORP 169.48
200982 10/23/2025 11293 JOYCE TSUNODA 69.52
200983 10/23/2025 11358 KENNETH HOWELL PETERSON 249.60
200984 10/23/2025 11420 Krishnan Alampallam Ramaiyer 68.71

Page 91 of 197 ends

Check Register
October 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200985 10/23/2025 11534 LINDE GAS & EQUIPMENT INC. 80.83 200986 10/23/2025 11582 LOS ALTOS HARDWARE INC 899.61
200987 10/23/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 1,753.38 200988 10/23/2025 11647 MALLORY SAFETY AND SUPPLY LLC 7.71 200989 10/23/2025 11675 MARK ENTERPRISES TECHNOLOGIES LLC 7,897.50 200990 10/23/2025 11801 MOUNTAIN VIEW GARDEN CENTER 213.89 200991 10/23/2025 11831 NANCY TUCKER 386.11
200992 10/23/2025 11846 National Construction Rentals Inc. 478.80 200993 10/23/2025 11956 PACIFIC GAS AND ELECTRIC CO 129.86 200994 10/23/2025 12096 PRIMO BRANDS 221.87
200995 10/23/2025 12105 PUBLIC TRUST ADVISORS LLC 2,408.18 200996 10/23/2025 12123 R3 CONSULTING GROUP 24,241.12
200997 10/23/2025 99997 Carmen Rivera de Martinez 171.89 200998 10/23/2025 99997 Carol Dahout 551.00
200999 10/23/2025 99997 Fabmo 551.00
201000 10/23/2025 99997 Lakshmi Madireddi 195.16
201001 10/23/2025 99997 Mahesh Patel 75.94
201002 10/23/2025 99997 Steve Beldon 551.00
201003 10/23/2025 12165 REDWOOD CATERING FOOD GROUP INC. 4,470.36 201004 10/23/2025 12199 ROBERT HALF 1,537.92
201005 10/23/2025 12428 SODEXO INC. 53.62
201006 10/23/2025 12475 STAPLES ADVANTAGE 482.62
201007 10/23/2025 12495 STERICYCLE INC 643.18
201008 10/23/2025 12526 SUMAN SIDANA 93.50
201009 10/23/2025 12528 SUMMIT UNIFORMS LLC 108.28
201010 10/23/2025 12545 Susmita Mukherjee 509.65
201011 10/23/2025 12657 TRANS BAY ELEVATOR CORPORATION 120.00 201012 10/23/2025 12671 TRI-SIGNAL INTEGRATION INC 746.75 201013 10/23/2025 12697 U.S. BANK 1,211.00
201014 10/23/2025 12711 UNITED RENTALS (NORTH AMERICA) INC 962.48 201015 10/23/2025 12739 Veena Jain 321.83
201016 10/23/2025 11336 WEBTOWN DRY CLEANERS 2,595.50
201017 10/23/2025 12809 WECO INDUSTRIES LLC 944.32
201018 10/23/2025 12828 WESTLAKE HARDWARE INC 405.95
201019 10/30/2025 12985 ACTION ROAD SOLUTIONS, LLC 148.50 201020 10/30/2025 10092 AACIS INVESTMENTS INC 253.88
201021 10/30/2025 10103 AMAZON CAPITAL SERVICES INC 953.84 201022 10/30/2025 10134 ANDY KIM 1,076.49
201023 10/30/2025 10190 AT&T MOBILITY 3,601.28
201024 10/30/2025 10246 BAY AREA PL SERVICES 300.00
201025 10/30/2025 10250 BAY CITIES JOINT POWERS INSURANCE AUTHORITY 9,682.40 201026 10/30/2025 10251 Bay Guard Fire Protection Inc 4,743.79 201027 10/30/2025 10267 BERLINER COHEN LLP 23,938.53
201028 10/30/2025 10371 CALIFORNIA BUILDING STANDARDS COMMISSION 3,769.20 201029 10/30/2025 10381 CALIFORNIA WATER SERVICE 106,886.46 201030 10/30/2025 10431 CDW GOVERNMENT INC. 3,511.25
201031 10/30/2025 12966 CENTRAL CONCRETE SUPPLY CO INC 29,554.77 201032 10/30/2025 10573 COMCAST 641.49
201033 10/30/2025 10573 COMCAST 122.69
201034 10/30/2025 10582 CONCENTRA MEDICAL CENTERS 1,053.00 201035 10/30/2025 10605 COUNTY OF SANTA CLARA 63,705.00

Page 92 of 197 ends

Check Register
October 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201036 10/30/2025 10607 SANTA CLARA COUNTY SHERIFF 364.00 201037 10/30/2025 99998 ECONOMY ROOTER INC 161.12
201038 10/30/2025 99998 SEAN TAGHANI 220.14
201039 10/30/2025 10663 DAVID J. POWERS & ASSOCIATES INC. 381.25 201040 10/30/2025 10692 DEPARTMENT OF CONSERVATION 13,496.33 201041 10/30/2025 10701 Dex Background Investigations 3,379.90 201042 10/30/2025 10753 DUNN-EDWARDS CORPORATION 68.72
201043 10/30/2025 10770 EDGES ELECTRICAL GROUP LLC 640.13 201044 10/30/2025 99999 Brian Werner 260.09
201045 10/30/2025 99999 Brittany Whitehill 101.65
201046 10/30/2025 99999 Ryan Burke 406.00
201047 10/30/2025 99999 Stephanie Williams 123.75
201048 10/30/2025 10848 FARANEH POURKIANI 66.80
201049 10/30/2025 11009 GREATAMERICA FINANCIAL SERVICES CORP. 115.67 201050 10/30/2025 11058 HARRIS AND ASSOCIATES 69,653.42 201051 10/30/2025 11179 INTERSTATE TRAFFIC CONTROL PRODUCTS INC. 1,657.03 201052 10/30/2025 11180 iPermit 378.49
201053 10/30/2025 11276 JOHNSTONE SUPPLY 58.37
201054 10/30/2025 11394 KMVT COMMUNITY TELEVISION 6,737.50 201055 10/30/2025 11422 KRKA INC 43.65
201056 10/30/2025 11534 LINDE GAS & EQUIPMENT INC. 24.00 201057 10/30/2025 11586 LOS ALTOS MOUNTAIN VIEW COMMUNITY FOUNDATION 1,000.00 201058 10/30/2025 11668 HRWORKS! 14,125.00
201059 10/30/2025 11671 Mariann Mangano 24.00
201060 10/30/2025 11835 NAPA AUTO PARTS 177.13
201061 10/30/2025 11846 National Construction Rentals Inc. 478.80 201062 10/30/2025 11937 OPENPATH SECURITY INC. 4,335.00 201063 10/30/2025 11956 PACIFIC GAS AND ELECTRIC CO 2,347.90 201064 10/30/2025 11956 PACIFIC GAS AND ELECTRIC CO 27,442.66 201065 10/30/2025 11959 PACIFIC OFFICE AUTOMATION INC. 497.96 201066 10/30/2025 12988 PRODIGY PRESS INC 177.88
201067 10/30/2025 12104 Public Risk Innovation Solutions and Management 7,494.67 201068 10/30/2025 12149 RANCHO 76 INC 299.75
201069 10/30/2025 99997 Bina Guerrieri 228.23
201070 10/30/2025 12166 REDWOOD TRADING POST 380.48
201071 10/30/2025 12199 ROBERT HALF 1,922.40
201072 10/30/2025 12274 SANTA CLARA COUNTY CENTRAL FIRE PROTECTION 764,381.00 201073 10/30/2025 12320 SCOTT GERDES 1,876.01
201074 10/30/2025 12322 SCVURPPP 92,415.00
201075 10/30/2025 12475 STAPLES ADVANTAGE 52.99
201076 10/30/2025 12987 TANDEM CREATIVE INC 3,425.00
201077 10/30/2025 12601 The Lew Edwards Group 6,750.00
201078 10/30/2025 12666 TRI-CITY LOCK COMPANY 233.20
201079 10/30/2025 12672 TRISTAR RISK MANAGEMENT 5,185.33 201080 10/30/2025 12698 U.S. BANK 49,562.54
201081 10/30/2025 12725 VALLEY OIL COMPANY 9,125.73
201082 10/30/2025 12755 VESTIS 580.98
201083 10/30/2025 12806 WATRY DESIGN INC. 102,475.00
201084 10/30/2025 12828 WESTLAKE HARDWARE INC 196.92
Total: 2,640,102.14

Page 93 of 197 ends

Check Register
November 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201085 11/06/2025 12989 AIRDATA UAV, INC 1,000.00
201086 11/06/2025 10103 AMAZON CAPITAL SERVICES INC 634.13 201087 11/06/2025 10188 AT&T 2,318.23
201088 11/06/2025 10206 B&H PHOTO -VIDEO 3,974.07
201089 11/06/2025 10212 BADAWI & ASSOCIATES 20,842.20
201090 11/06/2025 12955 BASE COMMUNICATION 2,325.00
201091 11/06/2025 10381 CALIFORNIA WATER SERVICE 1,002.61 201092 11/06/2025 10381 CALIFORNIA WATER SERVICE 2,222.95 201093 11/06/2025 10381 CALIFORNIA WATER SERVICE 338.45 201094 11/06/2025 10381 CALIFORNIA WATER SERVICE 1,333.54 201095 11/06/2025 10381 CALIFORNIA WATER SERVICE 935.30 201096 11/06/2025 10381 CALIFORNIA WATER SERVICE 213.69 201097 11/06/2025 10381 CALIFORNIA WATER SERVICE 1,003.05 201098 11/06/2025 10537 CITY OF MOUNTAIN VIEW 676.48
201099 11/06/2025 10551 CLEARGOV INC. 29,870.00
201100 11/06/2025 10573 COMCAST 257.13
201101 11/06/2025 10574 COMCAST BUSINESS 926.78
201102 11/06/2025 10582 CONCENTRA MEDICAL CENTERS 115.00 201103 11/06/2025 10606 COUNTY OF SANTA CLARA-FINANCE DEPT 37,069.00 201104 11/06/2025 99998 N R G CLEAN POWER INC 166.96
201105 11/06/2025 10790 ELIZABETH LAZO 313.67
201106 11/06/2025 99999 Amanda Fry 533.00
201107 11/06/2025 99999 Angela Alvarado 919.52
201108 11/06/2025 99999 Brian Werner 250.35
201109 11/06/2025 99999 Katie Krauss 146.00
201110 11/06/2025 99999 Michael Lee 947.84
201111 11/06/2025 99999 Saskia Lagergren 617.72
201112 11/06/2025 99999 Yongdan Chunyu 716.10
201113 11/06/2025 10849 ARIA ELECTRIC CONSTRUCTION 39,289.75 201114 11/06/2025 10899 FRANCOTYP-POSTALIA INC 159.00
201115 11/06/2025 10922 GABRIEL ENGELAND 142.69
201116 11/06/2025 11049 Hanson Bridgett LLP 62,911.00
201117 11/06/2025 11071 HdL COREN & CONE 895.00
201118 11/06/2025 11071 HdL COREN & CONE 2,491.06
201119 11/06/2025 11154 IMPEC GROUP INC 35,935.18
201120 11/06/2025 11195 IT MANAGEMENT CORP 169.48
201121 11/06/2025 12942 JC's Tree Service, Inc. 53,245.00 201122 11/06/2025 12348 JEENAL SHARMA 121.50
201123 11/06/2025 10269 JOANNA BERRY 408.40
201124 11/06/2025 11394 KMVT COMMUNITY TELEVISION 2,066.88 201125 11/06/2025 11454 LANGUAGE LINE SERVICES 41.36
201126 11/06/2025 11463 LATC MEDIA INC 893.76
201127 11/06/2025 11477 LEADSONLINE LLC 5,402.00
201128 11/06/2025 11509 LEXISNEXIS RISK DATA MGT LLC 988.80 201129 11/06/2025 11516 LIEBERT CASSIDY WHITMORE 4,458.50 201130 11/06/2025 11582 LOS ALTOS HARDWARE INC 145.51
201131 11/06/2025 11588 LOS ALTOS ROTARY CLUB 1,279.50
201132 11/06/2025 11629 MADHU TANEJA 198.30
201133 11/06/2025 11647 MALLORY SAFETY AND SUPPLY LLC 935.37 201134 11/06/2025 11812 MUNISERVICES LLC 3,500.60
201135 11/06/2025 11870 NEYSA FLIGOR 70.59

Page 94 of 197 ends

Check Register
November 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201136 11/06/2025 11917 NTH GENERATION COMPUTING INC. 58,978.71 201137 11/06/2025 11928 O'GRADY PAVING INC. 171,793.25
201138 11/06/2025 11941 O'REILLY AUTO ENTERPRISES LLC 197.63 201139 11/06/2025 11923 ODP BUSINESS SOLUTIONS LLC 237.13 201140 11/06/2025 11956 PACIFIC GAS AND ELECTRIC CO 12,788.21 201141 11/06/2025 11956 PACIFIC GAS AND ELECTRIC CO 67.79 201142 11/06/2025 11956 PACIFIC GAS AND ELECTRIC CO 2,584.87 201143 11/06/2025 11956 PACIFIC GAS AND ELECTRIC CO 151.04 201144 11/06/2025 11956 PACIFIC GAS AND ELECTRIC CO 110.24 201145 11/06/2025 11956 PACIFIC GAS AND ELECTRIC CO 11,407.24 201146 11/06/2025 11999 PAY PLUS SOLUTIONS 652.00
201147 11/06/2025 12060 PITNEY BOWES INC 98.19
201148 11/06/2025 12104 Public Risk Innovation Solutions and Management 7,353.44 201149 11/06/2025 12105 PUBLIC TRUST ADVISORS LLC 2,975.49 201150 11/06/2025 12149 RANCHO 76 INC 219.85
201151 11/06/2025 99997 Anita Rao 341.49
201152 11/06/2025 99997 Lakshmi Madireddi 108.59
201153 11/06/2025 99997 Robert Ting 17.51
201154 11/06/2025 12194 RINGCENTRAL INC. 4,871.51
201155 11/06/2025 12252 SAN FRANCISCO DAILY LLC 2,036.25 201156 11/06/2025 12256 SAN JOSE WATER COMPANY 244.85
201157 11/06/2025 12321 PERMITIUM 180.00
201158 11/06/2025 12323 SDI PRESENCE LLC 10,133.39
201159 11/06/2025 12353 SHAW HR CONSULTING 427.50
201160 11/06/2025 12449 SPOKE HS INC 505.00
201161 11/06/2025 12528 SUMMIT UNIFORMS LLC 1,422.97
201162 11/06/2025 12634 T-Mobile USA Inc. 800.32
201163 11/06/2025 12646 TOP DOG POLICE K9 TRAINING AND CONSULTING LLC 275.00 201164 11/06/2025 12964 TOWNSEND PUBLIC AFFAIRS, INC 2,000.00 201165 11/06/2025 12661 TRB AND ASSOCIATES INC 60,596.47 201166 11/06/2025 12670 TRIPEPI SMITH and ASSOCIATES INC. 204.25 201167 11/06/2025 12672 TRISTAR RISK MANAGEMENT 32,024.88 201168 11/06/2025 12697 U.S. BANK 1,542.50
201169 11/06/2025 12747 VERIZON WIRELESS 797.70
201170 11/06/2025 12762 VIJAY KUMAR DHIR 385.50
201171 11/13/2025 10103 AMAZON CAPITAL SERVICES INC 218.19 201172 11/13/2025 10188 AT&T 2,610.47
201173 11/13/2025 10190 AT&T MOBILITY 3,489.53
201174 11/13/2025 10208 BACKFLOW PREVENTION SPECIALISTS INC. 1,067.97 201175 11/13/2025 10274 BETTE FOLEY 260.18
201176 11/13/2025 12418 Catherine Humphers Smith 500.00 201177 11/13/2025 10483 CHEVRON AND TEXACO BUSINESS CARD SERVICES 695.80 201178 11/13/2025 10527 CIARDELLA'S GARDEN SUPPLY INC. 30.43 201179 11/13/2025 10530 CITIBANK N.A. 132.27
201180 11/13/2025 10573 COMCAST 218.77
201181 11/13/2025 10573 COMCAST 641.85
201182 11/13/2025 10607 SANTA CLARA COUNTY SHERIFF 552.00 201183 11/13/2025 99998 Alexander Macinnis 80.77
201184 11/13/2025 10698 DEVIL MOUNTAIN WHOLESALE NURSERY 1,817.77 201185 11/13/2025 10753 DUNN-EDWARDS CORPORATION 72.49
201186 11/13/2025 99999 Levi Lnenicka 109.44

Page 95 of 197 ends

Check Register
November 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201187 11/13/2025 99999 Luis Mitre 2,612.00
201188 11/13/2025 11006 GRANITE ROCK CO 654.61
201189 11/13/2025 11040 HALO Recognition 1,047.49
201190 11/13/2025 11169 INTERACTIVE DATA LLC 87.30
201191 11/13/2025 11274 JOHNSON ROBERTS & ASSOCIATES INC 156.00 201192 11/13/2025 11276 JOHNSTONE SUPPLY 485.30
201193 11/13/2025 11335 KATHRYN KRAUSS 353.09
201194 11/13/2025 11463 LATC MEDIA INC 1,016.00
201195 11/13/2025 11474 LC ACTION POLICE SUPPLY 352.47
201196 11/13/2025 11580 LOS ALTOS CHAMBER OF COMMERCE 27,920.00 201197 11/13/2025 11582 LOS ALTOS HARDWARE INC 628.56
201198 11/13/2025 12124 LYNN M. RADAKOVICH 272.00
201199 11/13/2025 12144 MICHAEL RAMON 52.57
201200 11/13/2025 11757 MII TRAINING INNOVATIONS LLC 500.00 201201 11/13/2025 11769 MISSION TRAIL WASTE SYSTEMS 1,054.52 201202 11/13/2025 11803 MOUNTAIN VIEW-LOS ALTOS UNION HIGH SCHOOL DISTRICT 46.00 201203 11/13/2025 11852 NAVIA BENEFIT SOLUTIONS 2,083.35 201204 11/13/2025 11866 NEW BEGINNINGS PRINTING LLC 636.56 201205 11/13/2025 11941 O'REILLY AUTO ENTERPRISES LLC 340.62 201206 11/13/2025 11986 PATRICIA JONES 81.00
201207 11/13/2025 99997 CNPS Santa Clara Valley 551.00
201208 11/13/2025 99997 Cornelia Lovette 93.38
201209 11/13/2025 99997 JP Lu 551.00
201210 11/13/2025 99997 San Francisco Bay Bird Observatory 551.00 201211 11/13/2025 99997 Shivayogi Bhusnurmath 135.12
201212 11/13/2025 99997 Susana Gomez Portugal Monroy 551.00 201213 11/13/2025 99997 Waldorf School of the Peninsula 551.00 201214 11/13/2025 12161 RED WING BUSINESS ADVANTAGE ACCOUNT 664.80 201215 11/13/2025 12459 SRIDHARAN RAGHUNATHAN 142.67
201216 11/13/2025 12495 STERICYCLE INC 114.87
201217 11/13/2025 12687 TURBODATA SYSTEMS 18,202.05
201218 11/13/2025 12767 VIVIAN LEVITT 218.93
201219 11/13/2025 12828 WESTLAKE HARDWARE INC 18.42
201220 11/20/2025 12985 ACTION ROAD SOLUTIONS, LLC 363.00 201221 11/20/2025 10092 AACIS INVESTMENTS INC 364.65
201222 11/20/2025 10097 ALTEC INC 1,110.31
201223 11/20/2025 10188 AT&T 7,163.25
201224 11/20/2025 10257 Bear Electrical Solutions Inc. 3,441.80 201225 11/20/2025 10530 CITIBANK N.A. 385.85
201226 11/20/2025 10540 CITY OF PALO ALTO - REV COLLECTIONS 361,421.58 201227 11/20/2025 10545 CIVICPLUS LLC 44,058.77
201228 11/20/2025 10573 COMCAST 220.04
201229 11/20/2025 10617 CREATIVE WINDOW INTERIORS INC 690.00 201230 11/20/2025 10627 CSMFO 60.00
201231 11/20/2025 10636 D&M TRAFFIC SERVICES INC 2,609.00 201232 11/20/2025 10640 DAHL'S EQUIPMENT RENTALS INC 1,800.00 201233 11/20/2025 99999 David Lopez 130.00
201234 11/20/2025 10813 EPS INC 50,000.00
201235 11/20/2025 10879 FOLSOM LAKE FORD INC 62,691.32
201236 11/20/2025 10962 GIULIANI & KULL INC 170.00
201237 11/20/2025 10989 GOVCONNECTION INC. 1,071.26

Page 96 of 197 ends

Check Register
November 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201238 11/20/2025 11041 STRUCTECH ENGINEERING 56,657.11 201239 11/20/2025 11154 IMPEC GROUP INC 37,709.36
201240 11/20/2025 12954 INTERWEST CONSULTING GROUP INC. 24,480.00 201241 11/20/2025 11162 JIANNA ING 20.00
201242 11/20/2025 11276 JOHNSTONE SUPPLY 338.29
201243 11/20/2025 11163 KAILANI ING 20.00
201244 11/20/2025 11582 LOS ALTOS HARDWARE INC 375.37
201245 11/20/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 1,791.03 201246 11/20/2025 11737 METRO MOBILE COMMUNICATIONS 382.50 201247 11/20/2025 99996 Gina Atkinson 20.00
201248 11/20/2025 99996 Wegman's Nursery 1,164.86
201249 11/20/2025 11769 MISSION TRAIL WASTE SYSTEMS 41,643.30 201250 11/20/2025 11812 MUNISERVICES LLC 2,940.00
201251 11/20/2025 11920 NUTRIEN AG SOLUTIONS INC. 5,319.84 201252 11/20/2025 11956 PACIFIC GAS AND ELECTRIC CO 179.84 201253 11/20/2025 11959 PACIFIC OFFICE AUTOMATION INC. 498.75 201254 11/20/2025 12096 PRIMO BRANDS 672.49
201255 11/20/2025 12105 PUBLIC TRUST ADVISORS LLC 1,986.24 201256 11/20/2025 12161 RED WING BUSINESS ADVANTAGE ACCOUNT 675.06 201257 11/20/2025 12269 SANITARY TRUCK DRIVERS & HELPERS 1,426.00 201258 11/20/2025 12393 SILICON VALLEY NJB 67.50
201259 11/20/2025 12495 STERICYCLE INC 751.75
201260 11/20/2025 12505 STEVENS CREEK QUARRY INC. 470.25 201261 11/20/2025 12601 The Lew Edwards Group 6,750.00
201262 11/20/2025 12619 TIAN ZHANG 59.00
201263 11/20/2025 12657 TRANS BAY ELEVATOR CORPORATION 120.00 201264 11/20/2025 12705 ULINE 838.29
201265 11/20/2025 12725 VALLEY OIL COMPANY 8,532.69
201266 11/20/2025 12755 VESTIS 285.92
201267 11/20/2025 12757 Victor Chen 161.00
201268 11/20/2025 11975 WESLEY PARHAM 30.00
201269 11/20/2025 12821 WEST COAST ARBORISTS INC 54,400.00 201270 11/26/2025 12962 ACE PARKING III LLC 11,117.59
201271 11/26/2025 10267 BERLINER COHEN LLP 63,769.65
201272 11/26/2025 10381 CALIFORNIA WATER SERVICE 93.17
201273 11/26/2025 10381 CALIFORNIA WATER SERVICE 53.59
201274 11/26/2025 10550 CLEANSWEEP SERVICES INC. 16,866.66 201275 11/26/2025 10582 CONCENTRA MEDICAL CENTERS 367.00 201276 11/26/2025 10602 COUNTY OF SANTA CLARA 2,608.96
201277 11/26/2025 99998 JESSE GARAY 245.52
201278 11/26/2025 10663 DAVID J. POWERS & ASSOCIATES INC. 6,163.25 201279 11/26/2025 99999 Aimee Major 1,670.04
201280 11/26/2025 99999 Bryce Contreras 30.00
201281 11/26/2025 99999 James Hawkins 1,701.81
201282 11/26/2025 99999 Nick Collacino 130.00
201283 11/26/2025 99999 Nick Collacino 130.00
201284 11/26/2025 99999 Ryan Burke 406.00
201285 11/26/2025 99999 SHAWN MORALES 2,219.17
201286 11/26/2025 12991 ENVIRONMENTAL SYSTEMS INC 1,102.86 201287 11/26/2025 10848 FARANEH POURKIANI 1,660.89
201288 11/26/2025 11009 GREATAMERICA FINANCIAL SERVICES CORP. 115.67

Page 97 of 197 ends

Check Register
November 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201289 11/26/2025 11049 Hanson Bridgett LLP 1,643.00
201290 11/26/2025 11397 KOFF & ASSOCIATES 3,850.00
201291 11/26/2025 11422 KRKA INC 80.75
201292 11/26/2025 11516 LIEBERT CASSIDY WHITMORE 6,783.50 201293 11/26/2025 11923 ODP BUSINESS SOLUTIONS LLC 229.62 201294 11/26/2025 11956 PACIFIC GAS AND ELECTRIC CO 12,969.82 201295 11/26/2025 11956 PACIFIC GAS AND ELECTRIC CO 1,771.99 201296 11/26/2025 11956 PACIFIC GAS AND ELECTRIC CO 23,753.48 201297 11/26/2025 11959 PACIFIC OFFICE AUTOMATION INC. 452.70 201298 11/26/2025 12066 POKEY PARK SCULPTURE 6,250.00
201299 11/26/2025 12089 PREFERRED ALLIANCE INC 232.48
201300 11/26/2025 99997 Alisha Westerfreld 551.00
201301 11/26/2025 99997 CA Turkic Children Education Access 551.00 201302 11/26/2025 99997 Eric Cooper 25.75
201303 11/26/2025 99997 Los Altos Friends of the Library 551.00 201304 11/26/2025 12232 SABLE COMPUTER INC 2,245.05
201305 11/26/2025 12254 San Jose BMW 2,485.98
201306 11/26/2025 12353 SHAW HR CONSULTING 265.00
201307 11/26/2025 12428 SODEXO INC. 53.62
201308 11/26/2025 11279 JONAS STOECKER & PEGAH EBRAHIMI 1,097.25 201309 11/26/2025 10478 SUZANNE CHENG 500.00
201310 11/26/2025 12672 TRISTAR RISK MANAGEMENT 5,185.33 201311 11/26/2025 12747 VERIZON WIRELESS 409.42
201312 11/26/2025 11336 WEBTOWN DRY CLEANERS 1,714.55
201313 11/26/2025 12828 WESTLAKE HARDWARE INC 73.07
Total: 1,763,865.83

Page 98 of 197 ends

Check Register
December 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201314 12/04/2025 10103 AMAZON CAPITAL SERVICES INC 1,519.48 201315 12/04/2025 10163 ARGO CONSTRUCTION INC. 415,090.73 201316 12/04/2025 10250 BAY CITIES JOINT POWERS INSURANCE AUTHORITY 10,072.89 201317 12/04/2025 10274 BETTE FOLEY 99.07
201318 12/04/2025 10381 CALIFORNIA WATER SERVICE 90,953.51 201319 12/04/2025 10383 CALIFORNIA WOOD RECYCLING INC 29,359.00 201320 12/04/2025 10445 CHLOE CHAN 20.00
201321 12/04/2025 12994 CHRISTOPHER BUELL 1,150.00
201322 12/04/2025 10573 COMCAST 107.69
201323 12/04/2025 10573 COMCAST 260.40
201324 12/04/2025 10582 CONCENTRA MEDICAL CENTERS 699.00 201325 12/04/2025 10607 SANTA CLARA COUNTY SHERIFF 1,500.00 201326 12/04/2025 99998 Handy Man Plumbing - Marco Acosta 166.96 201327 12/04/2025 99998 Janice Ogawa - Shelton Roofing Co Inc 1,015.66 201328 12/04/2025 99998 JULIA MIYAOKA 1,366.04
201329 12/04/2025 99998 Kevin Good - Sun's Free Solar 358.00 201330 12/04/2025 99998 MICHAEL CHUNG 48.00
201331 12/04/2025 99999 Anthony Friebel 465.54
201332 12/04/2025 99999 Brian Werner 520.03
201333 12/04/2025 99999 Kevin Vitorelo 453.62
201334 12/04/2025 99999 MICHAEL TAYLOR 453.62
201335 12/04/2025 10810 Environmental Systems Research Institute Inc. 14,185.00 201336 12/04/2025 10899 FRANCOTYP-POSTALIA INC 86.85
201337 12/04/2025 10943 GB Auto Service Inc/ Bruce's Tire & Auto 1,352.45 201338 12/04/2025 10977 GOOD CITY COMPANY 176.00
201339 12/04/2025 10999 GRAINGER 1,106.97
201340 12/04/2025 11049 Hanson Bridgett LLP 51,946.00
201341 12/04/2025 11073 HEATHER McKAY GREEN 1,150.00
201342 12/04/2025 11169 INTERACTIVE DATA LLC 94.00
201343 12/04/2025 11195 IT MANAGEMENT CORP 169.48
201344 12/04/2025 11263 JOE COMMENDATORE 1,150.00
201345 12/04/2025 11274 JOHNSON ROBERTS & ASSOCIATES INC 58.50 201346 12/04/2025 12813 JONATHAN WEINBERG 1,340.16
201347 12/04/2025 11394 KMVT COMMUNITY TELEVISION 39,105.52 201348 12/04/2025 11509 LEXISNEXIS RISK DATA MGT LLC 988.80 201349 12/04/2025 12367 LINXI SHI 185.00
201350 12/04/2025 11632 MAGINOT JON 1,768.63
201351 12/04/2025 12939 MC CITADEL LLC 12,917.19
201352 12/04/2025 11781 MONICA MELKESIAN 1,287.12
201353 12/04/2025 11793 MORRIS TERESA 513.90
201354 12/04/2025 11838 NARINDER KASTURIA 138.83
201355 12/04/2025 11852 NAVIA BENEFIT SOLUTIONS 2,070.05 201356 12/04/2025 11941 O'REILLY AUTO ENTERPRISES LLC 144.97 201357 12/04/2025 11999 PAY PLUS SOLUTIONS 652.00
201358 12/04/2025 12123 R3 CONSULTING GROUP 7,616.88
201359 12/04/2025 12149 RANCHO 76 INC 99.00
201360 12/04/2025 99997 Carmen B Rivera de Martinez 208.21 201361 12/04/2025 99997 Ellen Akerlund-Gonella 125.70
201362 12/04/2025 99997 Jacqui Marchessini 75.00

Page 99 of 197 ends

Check Register
December 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201363 12/04/2025 99997 Sophie Wang 140.00
201364 12/04/2025 99997 Veena Desai 572.54
201365 12/04/2025 99997 Veena Jain 372.34
201366 12/04/2025 12194 RINGCENTRAL INC. 4,889.33
201367 12/04/2025 12274 SANTA CLARA COUNTY CENTRAL FIRE PROTECTION 764,381.00 201368 12/04/2025 12405 SIRI EIKEDAL 1,150.00
201369 12/04/2025 12981 SLOAN SAKAI YEUNG & WONG LLP 12,717.00 201370 12/04/2025 12449 SPOKE HS INC 680.00
201371 12/04/2025 12495 STERICYCLE INC 114.87
201372 12/04/2025 12545 Susmita Mukherjee 424.18
201373 12/04/2025 12601 The Lew Edwards Group 6,750.00
201374 12/04/2025 12612 THOMAS MARK KELSCH 1,150.00
201375 12/04/2025 12964 TOWNSEND PUBLIC AFFAIRS, INC 2,000.00 201376 12/04/2025 12672 TRISTAR RISK MANAGEMENT 37,848.17 201377 12/04/2025 12697 U.S. BANK 2,127.00
201378 12/04/2025 12698 U.S. BANK 52,398.38
201379 12/04/2025 12806 WATRY DESIGN INC. 75,009.90
201380 12/04/2025 12808 WEBSTER BANK 89,569.53
201381 12/04/2025 10842 WYATT FALLSTROM 30.00
201382 12/11/2025 10183 ASSOCIATION OF BAY AREA GOVERMENTS 4,462.04 201383 12/11/2025 10041 ADOBE ANIMAL HOSPITAL 498.41
201384 12/11/2025 10103 AMAZON CAPITAL SERVICES INC 2,477.87 201385 12/11/2025 10188 AT&T 4,213.78
201386 12/11/2025 10208 BACKFLOW PREVENTION SPECIALISTS INC. 384.13 201387 12/11/2025 10381 CALIFORNIA WATER SERVICE 1,461.08 201388 12/11/2025 10381 CALIFORNIA WATER SERVICE 83.47
201389 12/11/2025 10483 CHEVRON AND TEXACO BUSINESS CARD SERVICES 248.89 201390 12/11/2025 10530 CITIBANK N.A. 521.95
201391 12/11/2025 10540 CITY OF PALO ALTO - REV COLLECTIONS 895.04 201392 12/11/2025 10574 COMCAST BUSINESS 926.78
201393 12/11/2025 10582 CONCENTRA MEDICAL CENTERS 115.00 201394 12/11/2025 10607 SANTA CLARA COUNTY SHERIFF 6,320.81 201395 12/11/2025 10620 CRITICAL REACH INC 605.00
201396 12/11/2025 99998 Silicon Valley Custom Homes 1,863.12 201397 12/11/2025 10636 D&M TRAFFIC SERVICES INC 568.54 201398 12/11/2025 10677 DEL CONTE'S LANDSCAPING INC. 17,343.00 201399 12/11/2025 10733 Dosanjh Family Automotive Retailing Group Inc. 2,077.16 201400 12/11/2025 10743 DRI-STICK DECAL CORPORATION 1,083.72 201401 12/11/2025 10770 EDGES ELECTRICAL GROUP LLC 2,687.99 201402 12/11/2025 10813 EPS INC 1,700.00
201403 12/11/2025 10836 FACILITY SOLUTIONS GROUP INC. 4,029.22 201404 12/11/2025 10918 FV ARCHITECTURE LLC 4,200.00
201405 12/11/2025 10943 GB Auto Service Inc/ Bruce's Tire & Auto 383.98 201406 12/11/2025 10999 GRAINGER 1,858.43
201407 12/11/2025 11040 HALO Recognition 929.97
201408 12/11/2025 11154 IMPEC GROUP INC 36,411.18
201409 12/11/2025 11179 INTERSTATE TRAFFIC CONTROL PRODUCTS INC. 94.06 201410 12/11/2025 11276 JOHNSTONE SUPPLY 592.45
201411 12/11/2025 11422 KRKA INC 54.56

Page 100 of 197 ends

Check Register
December 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201412 12/11/2025 11454 LANGUAGE LINE SERVICES 85.54
201413 12/11/2025 11463 LATC MEDIA INC 2,022.26
201414 12/11/2025 11509 LEXISNEXIS RISK DATA MGT LLC 155.80 201415 12/11/2025 11534 LINDE GAS & EQUIPMENT INC. 24.80 201416 12/11/2025 11582 LOS ALTOS HARDWARE INC 1,607.38 201417 12/11/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 1,791.03 201418 12/11/2025 11737 METRO MOBILE COMMUNICATIONS 382.50 201419 12/11/2025 11769 MISSION TRAIL WASTE SYSTEMS 41,312.50 201420 12/11/2025 11835 NAPA AUTO PARTS 461.68
201421 12/11/2025 11855 NBS GOVERNMENT FINANCE GROUP 1,482.81 201422 12/11/2025 11941 O'REILLY AUTO ENTERPRISES LLC 99.93 201423 12/11/2025 11937 OPENPATH SECURITY INC. 4,136.84 201424 12/11/2025 11956 PACIFIC GAS AND ELECTRIC CO 217.26 201425 12/11/2025 11956 PACIFIC GAS AND ELECTRIC CO 1,904.47 201426 12/11/2025 12087 PRECISION EMPRISE LLC 11,414.40 201427 12/11/2025 12089 PREFERRED ALLIANCE INC 232.48
201428 12/11/2025 12096 PRIMO BRANDS 29.98
201429 12/11/2025 12104 Public Risk Innovation Solutions and Management 7,428.82 201430 12/11/2025 12997 R&S ERECTION OF SANTA CLARA COUNTY, INC 372.50 201431 12/11/2025 12161 RED WING BUSINESS ADVANTAGE ACCOUNT 749.93 201432 12/11/2025 12219 ROSS RECREATION EQUIPMENT INC. 237.34 201433 12/11/2025 12321 PERMITIUM 235.00
201434 12/11/2025 12483 STATE WATER RESOURCES CONTROL BOARD 3,945.00 201435 12/11/2025 12484 Statewide Traffic Safety and Signs Inc. 5,485.07 201436 12/11/2025 12495 STERICYCLE INC 504.80
201437 12/11/2025 12646 TOP DOG POLICE K9 TRAINING AND CONSULTING LLC 275.00 201438 12/11/2025 12657 TRANS BAY ELEVATOR CORPORATION 120.00 201439 12/11/2025 12661 TRB AND ASSOCIATES INC 74,094.15 201440 12/11/2025 12666 TRI-CITY LOCK COMPANY 425.72
201441 12/11/2025 12725 VALLEY OIL COMPANY 7,663.50
201442 12/11/2025 12755 VESTIS 1,153.50
201443 12/11/2025 12755 VESTIS 7.32
201444 12/11/2025 12809 WECO INDUSTRIES LLC 2,687.50
201445 12/11/2025 12828 WESTLAKE HARDWARE INC 39.30
201446 12/18/2025 13003 4PRINTINGS, INC 1,418.63
201447 12/18/2025 10183 ASSOCIATION OF BAY AREA GOVERMENTS 4,462.04 201448 12/18/2025 10063 ALAMEDA COUNTY SHERIFF'S OFFICE 350.00 201449 12/18/2025 10103 AMAZON CAPITAL SERVICES INC 977.01 201450 12/18/2025 10131 ANDREW MARSHALL MEROVICH 1,557.00 201451 12/18/2025 10188 AT&T 7,247.22
201452 12/18/2025 10208 BACKFLOW PREVENTION SPECIALISTS INC. 1,297.43 201453 12/18/2025 10261 BELLECCI & ASSOCIATES 4,125.00
201454 12/18/2025 10381 CALIFORNIA WATER SERVICE 1,214.68 201455 12/18/2025 10381 CALIFORNIA WATER SERVICE 168.29 201456 12/18/2025 10381 CALIFORNIA WATER SERVICE 81.45
201457 12/18/2025 10381 CALIFORNIA WATER SERVICE 982.39 201458 12/18/2025 10489 CHIA YIN MELODY WU 856.00
201459 12/18/2025 10515 Christopher K. Boucher 6,422.00 201460 12/18/2025 10530 CITIBANK N.A. 25.94

Page 101 of 197 ends

Check Register
December 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201461 12/18/2025 10573 COMCAST 641.85
201462 12/18/2025 10573 COMCAST 228.57
201463 12/18/2025 10573 COMCAST 220.04
201464 12/18/2025 10617 CREATIVE WINDOW INTERIORS INC 12,535.00 201465 12/18/2025 10626 CSG CONSULTANTS INC 7,060.00
201466 12/18/2025 10701 Dex Background Investigations 2,338.70 201467 12/18/2025 10714 DINO SKOUFIS dba ACTION SPORTS 3,108.44 201468 12/18/2025 10731 Donna Santistevan 105.06
201469 12/18/2025 10758 E & J Valueplus 303.94
201470 12/18/2025 10770 EDGES ELECTRICAL GROUP LLC 718.88 201471 12/18/2025 10775 EEC ENVIRONMENTAL 3,288.75
201472 12/18/2025 10776 EGAN JR. HIGH SCHOOL 995.00
201473 12/18/2025 10790 ELIZABETH LAZO 146.80
201474 12/18/2025 99999 Brian Werner 779.97
201475 12/18/2025 99999 Junjie Hou 102.50
201476 12/18/2025 99999 Santiago Armenta 450.00
201477 12/18/2025 10808 ENTERPRISE UAS LLC 1,040.00
201478 12/18/2025 10821 ETHEL KOPAL 61.14
201479 12/18/2025 10937 GARDENLAND CENTER INC 4,153.14
201480 12/18/2025 10962 GIULIANI & KULL INC 680.00
201481 12/18/2025 10999 GRAINGER 817.94
201482 12/18/2025 11007 GRASSROOTS ECOLOGY 26,132.25
201483 12/18/2025 11040 HALO Recognition 7,800.33
201484 12/18/2025 11049 Hanson Bridgett LLP 30,230.50
201485 12/18/2025 11058 HARRIS AND ASSOCIATES 11,425.00 201486 12/18/2025 11179 INTERSTATE TRAFFIC CONTROL PRODUCTS INC. 366.95 201487 12/18/2025 11293 JOYCE TSUNODA 102.87
201488 12/18/2025 11323 Karl L Konnerth 672.00
201489 12/18/2025 11331 KATHLEEN BLANCHARD 124.02
201490 12/18/2025 11332 Kathleen M McCarty 2,142.00
201491 12/18/2025 11358 KENNETH HOWELL PETERSON 1,372.80 201492 12/18/2025 11361 Kensuke Sumii 4,936.00
201493 12/18/2025 11397 KOFF & ASSOCIATES 2,090.00
201494 12/18/2025 12938 LANGAN CA INC 550.00
201495 12/18/2025 11568 LONG'S CUSTOM DISCING INC 2,810.00 201496 12/18/2025 11582 LOS ALTOS HARDWARE INC 295.85
201497 12/18/2025 11582 LOS ALTOS HARDWARE INC 27.27
201498 12/18/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 1,828.68 201499 12/18/2025 11629 MADHU TANEJA 237.74
201500 12/18/2025 11737 METRO MOBILE COMMUNICATIONS 382.50 201501 12/18/2025 99996 HILLSTONE RESTAURANT GROUP INC 3,118.30

Page 102 of 197 ends

Check Register
December 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 201502 12/18/2025 99996 Wegman's Nursery 1,164.46
201503 12/18/2025 11874 Ng Wilson 97.91
201504 12/18/2025 11956 PACIFIC GAS AND ELECTRIC CO 101.40 201505 12/18/2025 11956 PACIFIC GAS AND ELECTRIC CO 11,400.07 201506 12/18/2025 11956 PACIFIC GAS AND ELECTRIC CO 86.71 201507 12/18/2025 11956 PACIFIC GAS AND ELECTRIC CO 169.64 201508 12/18/2025 12059 PITNEY BOWES GLOBAL FINANCIAL SERVICES LLC 680.21 201509 12/18/2025 12092 PRESTIGE PRINTING AND GRAPHICS 2,817.00 201510 12/18/2025 99997 Alta Housing 551.00
201511 12/18/2025 99997 Bhanumathy Rajagopal 102.48
201512 12/18/2025 99997 Bina Guerrieri 295.83
201513 12/18/2025 99997 Garry Sotnik 207.00
201514 12/18/2025 99997 Jing Xia 125.00
201515 12/18/2025 99997 Kalaa Gaurav 499.00
201516 12/18/2025 99997 Mahesh Patel 165.55
201517 12/18/2025 99997 Millie Talledo 328.00
201518 12/18/2025 99997 Romina Miller 466.00
201519 12/18/2025 99997 SCCKACC - SEVECC 551.00
201520 12/18/2025 99997 Siddharth Reddy Mallannagari 60.00 201521 12/18/2025 99997 Sisters in Crime NorCal 551.00
201522 12/18/2025 99997 Sridharan Raghunathan 55.90
201523 12/18/2025 99997 Sue Young 5.40
201524 12/18/2025 99997 Sunil Kurkure 170.35
201525 12/18/2025 99997 Victoria Perez 207.00
201526 12/18/2025 12161 RED WING BUSINESS ADVANTAGE ACCOUNT 307.88 201527 12/18/2025 12165 REDWOOD CATERING FOOD GROUP INC. 4,199.23 201528 12/18/2025 12166 REDWOOD TRADING POST 115.35
201529 12/18/2025 12187 RICHARD T CAMPBELL 435.60
201530 12/18/2025 12221 ROYAL BRASS INCORPORATED 109.55 201531 12/18/2025 12262 SANDMAN INC 1,837.30
201532 12/18/2025 12269 SANITARY TRUCK DRIVERS & HELPERS 1,240.00 201533 12/18/2025 12274 SANTA CLARA COUNTY CENTRAL FIRE PROTECTION 764,181.00 201534 12/18/2025 12342 SHAIJA SALIM ALI 1,557.00
201535 12/18/2025 12483 STATE WATER RESOURCES CONTROL BOARD 18,759.00 201536 12/18/2025 12613 THOMAS SARSFIELD 6,865.60
201537 12/18/2025 12651 TRAFFIC LOGIX CORPORATION 700.00 201538 12/18/2025 12672 TRISTAR RISK MANAGEMENT 147,508.57 201539 12/18/2025 12725 VALLEY OIL COMPANY 7,636.46
201540 12/18/2025 12736 VASANTHA IYER 161.08
201541 12/18/2025 12739 Veena Jain 144.57
201542 12/18/2025 12762 VIJAY KUMAR DHIR 243.93
201543 12/18/2025 12806 WATRY DESIGN INC. 53,248.62
201544 12/18/2025 12809 WECO INDUSTRIES LLC 3,306.46
201545 12/18/2025 12816 WELLESLEY CLUB OF SILICON VALLEY 551.00 201546 12/18/2025 12821 WEST COAST ARBORISTS INC 1,350.00 201547 12/18/2025 12887 YOGA WITH MIKI 5,636.40
201548 12/18/2025 12933 ZORO TOOLS INC 305.34
Total: 3,229,457.14

Page 103 of 197 ends

City Council Staff Report
Meeting Date: March 24, 2026
Prepared By: Stephanie Williams
Approved By: Gabe Engeland
Subject: Adoption of Resolution - Weed Abatement Final Commencement Report (2026)

COUNCIL PRIORITY AREA
General Government
Public Safety

RECOMMENDATION
Adopt a Resolution of the City Council of the City of Los Altos instructing the Santa Clara County Consumer and Environmental Protection Agency to proceed with the abatement of hazardous vegetation and find that this action is exempt from environmental review pursuant to Section 15301(h) of the California Environmental Quality Act (CEQA) Guidelines

ENVIRONMENTAL IMPACT
Adoption of this resolution is exempt from environmental review pursuant to Section 15301(h) of the California Environmental Quality Act as this action involves maintenance of existing landscaping and native growth.

FISCAL IMPACT
No direct fiscal impact to the City of Los Altos is associated with participation in the Weed Abatement Program as the cost to perform the work is covered by a Property Tax Assessment to the parcel of land where the violation occurs.

PREVIOUS COUNCIL CONSIDERATION
January 27, 2026 and February 24, 2026

BACKGROUND
As part of the City’s participation within the program, the City Council must annually adopt a resolution confirming the properties identified by the Santa Clara County Consumer and Environmental Protection Agency for abatement of known violations. On January 27, 2026, the City Council declared weeds, brush and rubbish a public nuisance on certain properties and set an appeal date. On February 24, 2026, the City Council considered the appeals and objections to inclusion on this list, thereby establishing the final list of properties to be included in the 2026 Weed Abatement Program.

ANALYSIS
The final list of properties is attached to the draft resolution. The list includes a total of

Page 104 of 197 ends

fifty-seven (57) parcels for inclusion in the Santa Clara County Weed Abatement Program.

Action by the City Council will formally authorize the County to abate any public nuisances present on the identified properties.

DISCUSSION
See Analysis section above.

ATTACHMENTS

1. Attachment 1 - Resolution

Page 105 of 197 ends

Page 1 ends

RESOLUTION NO. 2026-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS ALTOS

INSTRUCTING THE SANTA CLARA COUNTY CONSUMER AND

ENVIRONMENTAL PROTECTION AGENCY TO PROCEED WITH THE

ABATEMENT OF HAZARDOUS VEGETATION
WHEREAS, the City of Los Altos began participation in the Santa Clara County Weed Abatement Program on June 25, 2024; and
WHEREAS, the City of Los Altos declared weeds, brush and/or rubbish on certain described properties to be a public nuisance at a public meeting on January 27, 2026; and WHEREAS, the City of Los Altos considered any appeals from the requirements of being placed on the Santa Clara County Weed Abatement Program list at a public meeting on February 24, 2026; and
WHEREAS, the City Council of the City of Los Altos orders the abatement of all hazardous vegetation growing on certain property within the City limits and as identified in Exhibit A of this resolution at a public meeting on March 24, 2026.

NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Los Altos authorizes as follows:

1. That the Santa Clara County Consumer and Environmental Protection Agency (Agency) is hereby ordered to abate the nuisance or cause the same to be abated by having the vegetation destroyed by cutting, discing or any other method as may be determined by the Agency for the properties identified in Exhibit A.

2. That any property owner shall have the right to destroy or remove at his or her expense prior to removal of said vegetation by the Agency.

3. That the Agency shall keep an account of the cost of removing said vegetation and document such account in a report and assessment list and file the same with the City.

Such report shall refer to each separate lot or parcel of land, together with the expense of removal of hazardous vegetation therefrom and any additional charges necessary to pay for the costs of administering the program.

I HEREBY CERTIFY that the foregoing is a true and correct copy of a Resolution passed and adopted by the City Council of the City of Los Altos at a meeting thereof on the 24th day of March by the following vote:

Page 106 of 197 ends

Page 2 ends

AYES:

NOES:

ABSENT:

ABSTAIN:

Sally Meadows, MAYOR
Attest:

Melissa Thurman, MMC, CITY CLERK

Page 107 of 197 ends

Situs APN CITY/STATE
2026 WEED ABATEMENT PROGRAM

CITY OF LOS ALTOS
COMMENCEMENT REPORT Exhibit A
1 1183 LAURELES DR 167-10-026 TOBAGI FOUAD A 1183 LAURELES DRIVE LOS ALTOS CA 940222 410 TRAVERSO AVE 167-14-056 ZHENG JINGWEI AND CHAI YU 410 TRAVERSO AVE LOS ALTOS CA 940223 900 SANTA RITA AVE 167-14-061 FIROOZ MOHAMMAD HAMED AND 900 SANTA RITA AVE LOS ALTOS CA 940224 107 DEL MONTE AVE 167-17-026 GOUD SUNEEL AND ALIMCHANDANI 107 DEL MONTE AVE LOS ALTOS CA 940225 465 W. PORTOLA AVE 167-19-027 LAI TRACY ALYCE MARK TRUSTEE & 465 W. PORTOLA AVE LOS ALTOS CA 940226 638 TOMI LEA ST 167-23-013 HAGNERE GINETTE TRUSTEE 2801 NORMANDIE CT ESCONDIDO CA 920257 17 ALMA CT 167-28-027 JIA HONGZHONG AND CHEN WEI 580 ROSITA AVE LOS ALTOS CA 940248 394 N. SAN ANTONIO RD 167-29-062 SCHIATTARELLA ENRICO AND 61 CHESTER CIR LOS ATLOS CA 940229 110 LOS ALTOS AVE 167-35-043 DUCROHET XAVIER AND VICTORIA 110 LOS ALTOS AVE LOS ALTOS CA 9402210 987 ACACIA AV 170-01-043 GQ FIRST INC 97 BOSTON AVE SAN JOSE CA 9512811 4848 EL CAMINO 170-02-055 TS 4846 ECR LLC 12230 SARATOGA SARATOGA CA 9507012 4898 EL CAMINO 170-03-085 ADL 15 LLC 329 S SAN ANTONIO RD, UNTI LOS ALTOS CA 9402213 706 CASITA WY 170-04-020 HERLINGER, DAVID 706 CASITA WAY LOS ALTOS CA 9402214 84 ALVARADO AVE 170-15-005 COLE HENRY A JR AND ARLENE C 84 ALVARADO AVE LOS ALTOS CA 9402215 226 SOLANA DR 170-21-025 ANGULO ROBERT TRUSTEE & ET AL 411 PACO DR LOS ALTOS CA 9402416 241 SUNKIST LN 170-22-020 MEHTA SAGAR TRUSTEE & ET ALL 1595 MORTON AVE LOS ALTOS CA 9402417 200 ALMOND Av 170-24-008 VINNAKOTA SRICHARAN TRUSTEE & 200 ALMOND AVE LOS ALTOS CA 94022-220518 215 ANGELA DR 170-24-041 ANGELA GROUP LLC 10229 SCENIC BLVD CUPERTINO CA 9501419 245 HAWTHORNE AVE 170-26-076 245 HAWTHORNE LLC 873 SANTA CRUZ AVE UNIT MENLO PARK CA 9402520 140 LYELL ST 170-39-043 LYELL LLC 840 MORENO AVE PALO ALTO CA 9430321 136 PEPPER DR 170-40-054 HAMILTON KRISTINE K AND GARY G 136 PEPPER DR LOS ALTOS CA 9402222 175 BEVERLY LN 170-43-009 175 BEVERLY LLC 257 CASTRO STREET, STE # MOUNTAIN VIEW CA 9404123 562 PALM AVE 175-16-008 562 PALM LLC 562 PALM AVE LOS ALTOS CA 94022-353024 655 WASHINGTON ST 175-17-035 ELEANOR VALLEY LLC 221 YERBA BUENA AVE LOS ALTOS CA 94022 24 records of 57 Santa Clara County Weed Abatement Program Page 1

Page 108 of 197 ends

Situs APN CITY/STATE
2026 WEED ABATEMENT PROGRAM

CITY OF LOS ALTOS
COMMENCEMENT REPORT Exhibit A
25 782 UNIVERSITY AVE 175-18-031 WONG ERIC TRUSTEE 782 UNIVERSITY AVE LOS ALTOS CA 9402226 604 MILVERTON RD 175-19-042 GIOVANNOTTO ROBERTO M P.O. BOX 210 PALO ALTO CA 9430227 1169 GOLDEN WA 189-10-027 SU KEVIN P AND CHEN JENNIFER A 1169 GOLDEN WAY LOS ALTOS CA 94024-505828 968 LINDA VISTA WA 189-12-018 FENG YUAN AND HU LIUYI TRUSTEE 968 LINDA VISTA WAY LOS ALTOS CA 9402429 980 BERRY Av 189-12-028 DEATHERAGE DAVID G AND HSI 980 BERRY AV Los Altos CA 9402430 1540 MIRAMONTE AVE 189-15-085 POS GROUP MIRAMONTE LLC 137 ELM STREET SAN CARLOS CA 9407031 718 RONALD CT 189-19-003 718 RONALD LIMITED PARTNERSHIP 22330 SANTA PAULA AVE CUPERTINO CA 9501432 16 OTIS WA 189-35-038 ZHOU HUAPENG AND QI NITING 16 OTIS WAY LOS ALTOS CA 9402233 675 PACO DR 189-37-036 WONG NORMAN D AND EUGENIA L 1600 TROUSDALE DR BURLINGAME CA 9401034 645 PACO DR 189-37-039 OKADA RALPH T P.O. BOX 2396 SUNNYVALE CA 9408735 629 BENVENUE AVE 189-38-079 TUNG CHIEN-CHIH TRUSTEE & ET A 629 BENVENUE AV LOS ALTOS CA 9502436 674 TERESI LN 189-40-039 HINDMAN STEVEN MICHAEL AND 674 TERESI LN LOS ALTOS CA 9402437 847 RIVERSIDE DR 189-43-020 RIVERSIDE DR LLC 13717 FORTUNA CT SARATOGA CA 95070-524238 1065 ECHO DR 189-46-019 GUO FONG-CHIH AND LIOU HUOY-YU1065 ECHO DR LOS ALTOS CA 9402439 960 ECHO DR 189-46-028 RUGTIV STEWART, SUSAN & SCOTT 960 ECHO DR LOS ALTOS CA 94024-481740 571 EL MONTE AVE 189-51-056 WANG JOHN B AND WONG LYDIA A 571 S. EL MONTE AVE LOS ALTOS CA 9402241 562 BENVENUE AVE 189-52-064 SADAKIAN AVEDIS A AND ARO 562 BENVENUE AVE LOS ALTOS CA 9402442 705 VISTA GRANDE AV 189-58-070 TAWARI SANDESH AND SHIKHA 705 VISTA GRANDE AVE. LOS ALTOS CA 9402443 924 O'DELL WY 193-27-012 ROH YOUSIK AND CHUNG KRISTY 924 O'DELL WAY LOS ALTOS CA 9402444 1225 CARMEL TER 193-43-014 ROSS ELIZABETH TRUSTEE 1225 CARMEL TER LOS ALTOS CA 9402445 1375 RANCHITA DR 197-18-012 LION, ANNA R 1375 RANCHITA DRIVE LOS ALTOS CA 9402446 1347 RICHARDSON AVE 318-07-008 FIRST SOUTHERN BAPTIST CHURCH 1347 RICHARDSON AVE LOS ALTOS CA 94024-613547 1925 CHURTON AVE 318-15-033 MCGHEE GLENN E AND BONNIE J 1925 CHURTON AVE LOS ALTOS CA 9402448 1948 CHURTON AV 318-15-070 KELLOGG LEOLA J TRUSTEE 1948 CHURTON AVE LOS ALTOS CA 94024 48 records of 57 Santa Clara County Weed Abatement Program Page 2

Page 109 of 197 ends

Situs APN CITY/STATE
2026 WEED ABATEMENT PROGRAM

CITY OF LOS ALTOS
COMMENCEMENT REPORT Exhibit A
49 1561 LANDELL CT 318-17-018 AGRAWAL MOHIT AND BHUTANI 1796 JUAREZ AVE LOS ALTOS CA 94024-681350 1705 CHRISTINA Dr 318-21-015 CHRISTINA STERLING HOMES LLC 1072 HARLAN DR San Jose CA 9512951 2011 CRIST DR 318-23-033 FARMER KAREN Q 2011 CRIST DRIVE LOS ALTOS CA 9402452 2005 CRIST DR 318-23-035 CHIOTTI GREGORY L TRUSTEE 2005 CRIST DR LOS ALTOS CA 9402453 849 STARLITE LN 336-02-053 TURAIDS IVONNA A TRUSTEE & ET 849 STARLITE LANE LOS ALTOS CA 9402454 1590 VINEYARD DR 342-02-046 SHEAR HERBERT AND MAT TRUSTEE 1590 VINEYARD DRIVE LOS ALTOS CA 9402455 510 SEQUOIA DR 342-03-049 LEE SANG JUN & JEONG HEE YOUNG 510 SEQUOIA DRIVE LOS ALTOS CA 9402456 1816 GRANGER AVE 342-07-063 DEGIULI ANGELO AND FRANCHINI 1816 GRANGER AVE LOS ALTOS CA 9402457 1964 DEODARA DR 342-25-010 WU ROBERT S AND LI-CHUN C 1964 DEODARA DRIVE LOS ALTOS CA 94024 57 records of 57 Santa Clara County Weed Abatement Program Page 3

Page 110 of 197 ends

City Council Staff Report
Meeting Date: March 24, 2026
Prepared By: Jon Maginot
Approved By: Gabe Engeland
Subject: Adoption of Norms - City Council Norms and Procedures

COUNCIL PRIORITY AREA
General Government

RECOMMENDATION
Adopt the revised City Council Norms and Procedures

ENVIRONMENTAL IMPACT
Not applicable

FISCAL IMPACT
None

PREVIOUS COUNCIL CONSIDERATION
February 10, 2026 and March 10, 2026

BACKGROUND
The City Council Norms and Procedures (Norms) are reviewed periodically by City Council. On February 10 and March 10, 2026, the Council reviewed the Norms and provided direction on modifications.

ANALYSIS
Staff has prepared revised Norms based on Council direction from the February 10 and March 10, 2026 meetings.

DISCUSSION
It is recommended that Council adopt the revised Norms. Alternatively, the Council could provide further direction on changes.

ATTACHMENTS

1. Attachment 1 - Revised Council Norms and Procedures

2. Attachment 2 - Redlined Council Norms and Procedures

Page 111 of 197 ends

Council Norms and Procedures
Last Amended/Adopted – March 24, 2026

CITY COUNCIL

NORMS AND PROCEDURES

COUNCILMEMBERS
Pete Dailey
Larry Lang
Sally Meadows
Jonathan Weinberg

Page 112 of 197 ends

2 COUNCIL NORMS AND PROCEDURES

TABLE OF CONTENTS
SECTION 1: GENERAL

1.1 Purpose

1.2 Values

1.3 Review

1.4 Compliance with Applicable Laws

1.5 Applicability of Accountability Policy of the City Council SECTION 2: MAYOR AND VICE MAYOR SELECTION PROCESS

2.1 Reorganization

2.2 Election of Mayor

2.3 Election of Vice Mayor

2.4 Councilmembers Serving After a Break in Service

2.5 Appointment of Vacancy
SECTION 3: COUNCIL SUBCOMMITTEES

3.1 Responsibility

3.2 Instructions and Expectations

3.3 Reporting

3.4 Standing Subcommittees
SECTION 4: COMMISSIONS AND COMMITTEES

4.1 Responsibility

4.2 Governing

4.3 Commission Liaisons

4.4 Attendance Requirement for Commissioners

4.5 Discipline or Removal of a Commissioner
SECTION 5: AD HOC COMMITTEES AND TASK FORCES

5.1 Instructions and Expectations

5.2 Reports

5.3 Redirection

5.4 Noticing
SECTION 6: ADMINISTRATIVE MATTERS

6.1 Attendance

6.2 Correspondence

6.3 Regional Boards

6.4 Response to Public

6.5 Proclamations

6.6 Reimbursement

6.7 Training

6.8 Limited Use of Electronic Devices during Council meetings

6.9 City Mission and City Seal

6.10 Use of email

6.11 Use of Social Media
SECTION 7: COUNCIL RELATIONSHIP WITH STAFF

7.1 City Manager

7.2 Professional conduct toward City Attorney and City Manager

7.3 Agenda Item Questions

7.4 Complaints

7.5 Staff

Page 113 of 197 ends

3 SECTION 8: MEETINGS

8.1 Open to Public

8.2 Broadcasting of City Council Meetings

8.3 Regular Meetings

8.4 Cancelling Meetings

8.5 Special Meetings

8.6 Virtual Meetings

8.7 Closed Sessions

8.8 Council Goals

8.9 Quorum

8.10 Minutes

8.11 Adjourned Meetings

8.12 Technology Disruption Policy
SECTION 9: POSTING NOTICE AND AGENDA

9.1 Posting of Notice and Agenda

9.2 Location of Posting

9.3 Language access and translation
SECTION 10: AGENDA CONTENTS

10.1 Setting the Agenda

10.2 Description of Matters

10.3 Availability to the Public

10.4 Limitation to Act Only on Items on the Agenda

10.5 Order of Agenda

10.6 Change in Order of the Agenda

10.7 Consent Calendar

10.8 Tentative Council Calendar

10.9 Council questions

10.10 Emergency Meetings
SECTION 11: PROCEDURES FOR THE CONDUCT OF PUBLIC MEETINGS

11.1 Role of Mayor

11.2 Rules of Order

11.3 Appeal Procedures

11.4 Public Hearing Procedures

11.5 Staff and Consultant Reports

11.6 Public Comment

11.7 Motions

11.8 Reconsideration of a Council Action

11.9 Council Discussions and Deliberations

11.10 Councilmember Respect

11.11 Council and Staff Reports and Directions on Future Agenda Items

11.12 Conflict of Interest

11.13 Teleconferencing
SECTION 12: CLOSED SESSIONS

12.1 Purpose

12.2 Rule of Confidentiality

12.3 Breach of Rule of Confidentiality

12.4 Agenda

12.5 Permissible Topics

12.6 Rules of Decorum

12.7 Conduct of Meeting

12.8 Public Disclosure After Final Action

Page 114 of 197 ends

4 SECTION 13: DECORUM

13.1 Councilmembers

13.2 City Employees

13.3 Public

13.4 Noise in the Chambers

13.5 Remote disruptions
SECTION 14: VIOLATIONS OF PROCEDURES
APPENDIX A: ROSENBERG’S RULES OF ORDER (SIMPLE PARLIAMENTARY PROCEDURES FOR THE 21st CENTURY)

Page 115 of 197 ends

5 SECTION 1. GENERAL

1.1 Purpose. The purpose of these Norms and Procedures is to promote communication, understanding, fairness, and trust among the members of the City Council, staff, and members of the public concerning their roles, responsibilities, and expectations for management of the business of the City of Los Altos. The Norms also inform the public about what to expect from their elected representatives while performing their duties.

1.2 Values. Councilmembers shall represent the best interests of the City and community at large. Councilmembers shall treat fellow Councilmembers, members of the public, Commission and Committee members, staff and consultants with respect, civility, and courtesy. All Councilmembers shall respect each other’s individual points of view and right to disagree. When addressing the public in any way, all Councilmembers shall make certain their opinions are expressed solely as their own, and do not necessarily reflect the opinions of any other Councilmember. Councilmembers shall respect and abide by the decisions of the majority of the Council at all times.

1.3 Review. The City Council shall conduct a review of this document biennially, or whenever a new Councilmember has been seated or Council deems necessary, to assist Councilmembers in being more productive in management of the business of the City. A new Council will consider the document within three months of its first regular meeting.

1.4 Compliance with Applicable Laws. All conduct of the City Council, Commissions, Committees and Subcommittees shall be in full compliance with all applicable laws, including but not limited to State laws such as the Ralph M. Brown Act, the California Public Records Act, and the Political Reform Act, as amended. If there is a conflict between the Norms and Procedures and an applicable law, the applicable law shall govern.

In addition, all conduct of the City Council, Commissions, Committees and Subcommittees shall be in compliance with applicable City policies, including but not limited to: Personnel Rules and Regulations and the Public Records Policy.

1.5 Applicability of Accountability Policy of the City Council. Violation of these Norms and Procedures may result in a council member or members being subject to the Accountability Policy of the City Council.

These Norms do not remove the City’s obligations under State and Federal law, especially with regards to ADA compliance. Council members seeking accommodation through the ADA work with the City Manager and Human Resources Department through the accommodation process.

SECTION 2. MAYOR AND VICE MAYOR SELECTION PROCESS

CITY OF LOS ALTOS

CITY COUNCIL NORMS AND PROCEDURES

Page 116 of 197 ends

6 2.1 Reorganization. The reorganization of the Council and the seating of new Councilmembers shall occur at a special meeting held on the earliest available Tuesday following the certification of election results, which is typically on the first or second Tuesday of December. If the certification is delayed because of a recount or other reason, the Council will wait until the certification is final before holding its reorganization special meeting.

Seating preferences on the dais shall be made by the Mayor, Vice Mayor and then by seniority of the rest of the members, in that order. If two members have equal seniority based on year elected, then the member representing the district with the longest amount of time since its representative served as Mayor is considered to have higher seniority.

A community reception honoring the incoming and outgoing Mayor and Councilmembers will be held immediately following the reorganization meeting.

2.2 Election of Mayor. Only Councilmembers elected by the voters or appointed to the City Council due to the cancelation of an election may serve as Mayor.

The term of office shall be one year. The Councilmember must have served at least 23 months to be eligible for Mayor. A majority vote of the Council is necessary to designate the Mayor. If there is at least one elected Councilmember with a minimum of 23 months of service who has not served as Mayor, he or she shall be designated Mayor before those who have already served as Mayor.

If there are two or more such members who have served more than 23 months and have never served as Mayor, the one having served the longest time on the Council shall be designated as Mayor.

In the event there are two or more members who have never served as Mayor, have served the same length of time and were elected in different districts, the member representing the district with the longest amount of time since itsrepresentative served as Mayor shall become Mayor.

In the event there are two or more members who have served as Mayor, who have served the same continuous length of time, who have been re-elected to the Council and were elected in different districts, the member representing the district with the longest amount of time since its representative served as Mayor shall become Mayor.

A member of the Council must receive a majority of votes of the Council to be designated as Mayor. Nothing in these Norms precludes a majority of the Council from selecting any member of the Council to serve as Mayor or Vice Mayor.

In the event three new members are elected to the Council, then an exception to Sections 2.2 and 2.3 will apply, allowing the immediate appointment of a Vice Mayor without the normal 11 months of prior service, and the following year such person may be appointed as the Mayor without the normal 23 months of prior service. Any member re-elected to the Council after a break in service will be treated in the normal sequence for appointment as Vice Mayor and Mayor, without regard to such person’s service prior to the break in service (See Norm

2.4).

The Mayor may be removed from office by a 4/5ths affirmative vote of the members.

Requests for an agenda item to consider removal of the Mayor should be made to the City

Page 117 of 197 ends

7 Manager. If one or more vacancies exist on the Council, the Mayor may be removed from office by a unanimous vote of the other remaining Council members.

2.3 Election of Vice Mayor. Only Councilmembers elected by the voters or appointed to the City Council due to the cancelation of an election may serve as Vice Mayor.

The selection process for determining who shall serve as Vice Mayor will follow that of Mayor, except the Councilmember must have served at least 11 months to be eligible to serve as Vice Mayor.

The Vice Mayor may be removed from office by a 4/5ths affirmative vote of the members.

Requests for an agenda item to consider removal of the Vice Mayor should be made to the City Manager. If one or more vacancies exist on the Council, the Vice Mayor may be removed from office by a unanimous vote of the other remaining Council members.

2.4 Councilmembers Serving After a Break in Service. The time of continuous service for any elected member of the Council who previously served on the Council prior to a break in service shall be considered to have started at his/her/their election after their break in service.

2.5 Appointment of Vacancy. In the event of a vacancy of office by the death or resignation of any Councilmember, the Council shall appoint a new Councilmember within sixty (60) days after a vacancy becomes effective in compliance with the California Elections Code, unless the Council, by resolution, decides to instead call a special election. In the event of appointment, the Council shall determine the process for appointment prior to the application process and in accordance with State law.

SECTION 3. COUNCIL SUBCOMMITTEES

3.1 Responsibility. The Mayor shall appoint Councilmembers to standing and ad hoc subcommittees as required to accomplish the work of the Council, subject to affirmation by the Council at its next regular meeting. It will be the responsibility of these subcommittees to inform and make recommendations to the Council and submit them to the Council for a vote. Staff shall work with, and support, Council subcommittees as required.

3.2 Instructions and Expectations. The Council shall make certain that all Council subcommittees are properly instructed in their assigned scope of work and responsibilities.

The expected outcome of the committee’s efforts shall be defined in writing and approved by a majority of the City Council.

3.3 Reporting. Council subcommittee members are to keep the Council informed of the work and progress of their subcommittee.

3.4 Standing Subcommittees. From time to time, the City Council may vote to establish standing subcommittees. These include: the Council Youth Commission Interview Committee and joint committees with the different school districts that serve Los Altos residents.

The Council Youth Commission Interview Committee consists of two members of the City Council and is responsible for conducting interviews of applicants for the Youth Commission and making recommendations to the City Council regarding the appointments. The Committee meets as needed.

Page 118 of 197 ends

8 The City/ School District Committees consist of two members of the City Council and two members of the Board of Trustees of the applicable School District(s). The purpose of the subcommittee is to facilitate communication between the two bodies on issues of mutual concern by both legislative bodies, as directed by the City Council and/or School Board.

Meetings are open to the public, are subject to the Brown Act and are generally held at least bi-annually.

SECTION 4. COMMISSIONS AND COMMITTEES

4.1 Responsibility. The Council may appoint residents of the community to the City’s nonCouncil standing commissions and committees. Commission and committee members shall represent the interests of the community at-large when serving on these bodies. These commissions and committees will respect the public and staff and shall take seriously their responsibility for reporting to the Council. Each commission is to keep a rotation schedule for representation at City Council meetings by one of its members. Attendance is encouraged when a commission has an item of interest on the Council agenda, so as to be available to answer Council questions.

4.2 Governing. The City’s Commissions and Committees are governed by the Commission Handbook as adopted and amended by the City Council. If there is a conflict between the Commission Handbook and the Norms and Procedures, the Commission Handbook shall control as to the Commissions and Committees.

4.3 Commission Liaisons. To facilitate the exchange of information between the Council and its Commissions, the Mayor will at least annually make liaison appointments to the Commissions. These appointments shall be ratified by the Council. Councilmembers shall respect the separation between policy making and advisory Commissions by: A) not attempting to lobby or influence Commissions on any item under their consideration; B) attending meetings of assigned Commissions, but not taking a position on an item before the Commission; C) not voting at the Commission’s meeting on any item; and D) assisting the Commission in scheduling recommendations to be heard by the Council.

Council liaisons are not required to attend all commission meetings, however, liaisons shall remain aware of what happens at each commission meeting and be available to the Chair, individual commissioners and/or staff to discuss matters of the commission.

If an issue arises regarding a member of any Commission, staff may work with the assigned Council Liaison to resolve the issue.

4.4 Attendance Requirement for Commissioners. Commissioners are expected to attend meetings in accordance with the Commissioner Handbook. If a Commissioner is not meeting the attendance requirement, the Commission Chair will first address the issue by talking with the Commissioner and will give the Commissioner an opportunity to meet the requirements. If the Commissioner continues to not meet the attendance requirement, the Chair can give the Commissioner an opportunity to resign from the Commission. If the Commissioner does not want to resign and continues to not meet the attendance requirement, the Chair should discuss with the staff liaison and Council liaison the appropriate action to address it.

Page 119 of 197 ends

9 4.5 Discipline or Removal of a Commissioner. Commissioners serve at the pleasure of the City Council. The City Council may discipline or remove a Commissioner at any time solely at the discretion of the Council. Any proposed removal can be with or without cause. A Councilmember who wishes to discipline or remove a Commissioner shall indicate their desire to place the discipline or removal on a future agenda at the end of a regular Council meeting. If three or more Councilmembers wish to agendize the discipline or removal of a certain Commissioner, the item will be placed on a Council agenda.

SECTION 5. AD HOC COMMITTEES AND TASK FORCES

5.1 Instructions and Expectations. The Council shall make certain that all Council-appointed Ad Hoc Committees and Task Forces are properly instructed in their assigned scope of work and responsibilities. The expected outcome of the Committee’s or Task Force’s efforts shall be defined in writing and formally approved by a majority of the City Council.

5.2 Reports. Ad Hoc Committees and Task Forces are responsible for keeping the Council informed about issues being considered, and their progress. This is to be accomplished by meeting minutes distributed in the Council meeting packets or through oral reports to Council. Ad Hoc Committees and Task Forces are responsible for advising the Council of any need for information or more specific instructions.

5.3 Redirection. Ad Hoc Committees and Task Forces shall obtain Council concurrence before they proceed in any direction different from the original instructions of the Council.

5.4 Noticing. Per Resolution No. 2015-09, Ad Hoc Committees and Task Forces that are created by the City Council and are composed of less than a quorum of the Council and have members of City Commissions and/or members of the public on the committee are subject to the provisions of State Law.

SECTION 6. ADMINISTRATIVE MATTERS

6.1 Attendance. City Councilmembers acknowledge that attendance at lawful meetings of the City Council is part of their official duty. Councilmembers shall make a good faith effort to attend all such meetings unless unable. Councilmembers will notify the Mayor or the City Clerk if they will be absent from a meeting.

6.2 Correspondence. Council members should use care when sending correspondence to ensure that recipients are clear whether the communication is from the individual Council member or from the entire Council. When advocating or taking a position on a topic, Council members should identify that they are representing their own position and not representing the Council, unless the Council has directed the individual Council member to send the correspondence. On occasion, there are urgent requests for correspondence concerning legislation directly affecting municipalities. The Mayor may send a letter without first obtaining Council review if the content of the letter aligns with the Council’s position on the subject issue. A copy of the letter should be sent to all Councilmembers.

City letterhead will be made available for routine, discretionary correspondence (i.e., thank you notes, etc.), or such correspondence will be prepared by staff for signature, without prior consent of the Council. E-mails from Councilmembers should be respectful, professional, and consistent with the City’s Electronic Use Policy.

Page 120 of 197 ends

10 6.3 Regional Boards. The Mayor shall appoint Councilmembers to Regional Committees/Commissions/Boards as required by the governing bodies. These appointments are subject to affirmation by the Council. The role of the Council on regional boards will vary depending on the nature of the appointment. Representing the interests of Los Altos is appropriate on some boards; this is generally the case when other local governments have their own representation.

The positions taken by the appointed representatives are to be in alignment with the positions that the Council has taken on issues that directly impact the City of Los Altos. If an issue should arise that is specific to Los Altos, and the Council has not taken a position, the issue should be discussed by the Council prior to taking a formal position at a regional board meeting, to assure that it is in alignment with the Council’s position.

Council representatives to such boards shall keep the Council informed of ongoing business through brief oral or written reports to the Council.

Councilmembers shall make a good faith effort to attend all regional meetings that require a quorum of the appointed members to convene a meeting. If a Councilmember is unable to attend, he/she should notify his/her/their alternate as far in advance of the meeting as possible so as to allow the alternate to attend.

Appointments to regional boards shall terminate upon the expiration of Councilmember’s term unless: 1) the Councilmember is reelected and can serve the full term on the regional board; or 2) action is taken by the Council to reappoint the individual to the regional board, and such appointment is consistent with the regional board’s policies.

6.4 Response to Public. It will be the responsibility of the City Manager to ensure a response is provided to all public correspondence for informational requests addressed to the Council.

Staff shall respond to all requests for services and provide a copy of such correspondence to the City Council, as appropriate.

6.5 Proclamations and certificates. Proclamations and certificates are discretionary public announcements directing attention to a local resident, organization, or event. The Mayor, without formal action of the Council, may issue proclamations and certificates. Requests for proclamations or certificates should be submitted through the City’s website at least two weeks in advance of the desired proclamation or certificate date. This allows the Mayor to decide if a proclamation or certificate should be issued. Alternatively, the Mayor, at his/her/their discretion, may refer a request to Council.

6.6 Reimbursement. City Councilmembers may be reimbursed for personal expenses for travel to and lodging at conferences or meetings related to their role as a Councilmember.

Reimbursements shall be subject to the City’s Travel and Expense Policy.

Brief reports must be given on any outside meeting attended at the expense of the City at the next regular Council meeting. Reimbursement is conditioned on the submission of this report to the City Council.

6.7 Training.

Ethics: Members of the City Council and commissions shall receive at least two hours of ethics training in general ethics principles and ethics laws relevant to his/her/their public service every two years. New members must receive this training within their first year of

Page 121 of 197 ends

11 service. Members shall attend training sessions that are offered locally in the immediate vicinity of Santa Clara County, offered by CalCities or by completing online a state-approved public service ethics education program.

An individual who serves on multiple legislative bodies need only receive two hours of ethics training every two years to satisfy this requirement for all applicable public service positions.

Sexual Harassment: In addition, Councilmembers shall receive two hours of sexual harassment prevention training every two years, per State law. New members must receive this training within their first six months of service.

Brown Act: Members of the City Council and those individuals appointed by the City Council to serve on a commission or advisory committee will receive training on the requirements of the Brown Act at the time they begin their service and again when there is a scheduled Commission training. The City Clerk shall provide a copy of the Brown Act to each person elected or appointed to serve as a member of any legislative body of the City at the time of their swearing-in or appointment, consistent with State law. The Clerk shall maintain records of such distribution.

Anti-Bias: At least every 2 years, Councilmembers and Commissioners will receive anti-bias training organized by the City.

Other Training. From time to time, the City Council may direct that Members of the City Council and Commissions receive training on different topics.

The City Clerk is required to keep training records for five years to document and prove that these continuing education requirements have been satisfied. These documents are public records subject to disclosure under the California Public Records Act.

6.8 Use of Electronic Devices during Council Meetings. The City Council permits and promotes the utilization of technology to ensure efficient and effective conduct of the people’s business, in accordance with applicable open meetings and records laws, due process rights of interested parties, and other applicable law and city policies. i. Councilmembers’ use of electronic communications and data devices (including – but not limited to – laptop computers, cell phones, tablet computers, pagers, wearable technology, and similar devices), at a meeting during which the Councilmember is subject to the provisions of State Law shall be limited to personal use (note taking, etc.) and to access documents only available to the member (e.g., personal files stored on the cloud) or documents available to the public (e.g. documents on the City’s website, websites available to the public, etc.).
ii. At a meeting during which a Councilmember is subject to the provisions of State Law, the Councilmember may not use electronic devices to read electronic communications from, or send electronic communications to, members of the public, other Councilmembers, and parties to city proceedings. If a Councilmember receives an electronic communication which the member believes to be a family emergency, the Councilmember should ask the Mayor to take a break so the Councilmember may address

Page 122 of 197 ends

12 the issue. The Councilmember should not read the electronic communication during the meeting.
iii. Violation of this section may be subject to the Accountability Policy.

6.9 City Mission and City Seal. The Mission of the City of Los Altos is a statement that reflects the values of our community. The City Seal is an important symbol of the City of Los Altos.

No change to the City Mission and/or City Seal shall be made without Council approval.

Use of the City Seal shall be by permission of the City Clerk.

6.10 Use of email. City Councilmembers shall strive to use only their City email account for City business.

6.11 Use of Social Media. Councilmember may use internet-based social media platforms to engage with the public on matters within the Council’s jurisdiction, provided they do not directly respond to, like, share or otherwise react to posts made by another Councilmember about City business in a manner that would constitute discussion among a majority of the body, consistent with State law. Councilmembers shall be expected to maintain decorum in social media posts and interactions. Violations of decorum may be subject to the Accountability Policy.

SECTION 7. COUNCIL RELATIONSHIP WITH STAFF

7.1 City Manager. The City of Los Altos operates under the Council-Manager form of government. City Councilmembers are always free to go to the City Manager to discuss any subject. Issues concerning the performance of a Department, or any employee must be directed to the City Manager. City Councilmembers shall not meet with groups of management employees for the purpose of discussing terms of employment or establishing employee policy. Direction to City employees, other than the City Manager or City Attorney, is the prerogative of the City Manager. In passing along critical information, the City Manager will be responsible for contacting all Councilmembers. The City Manager may delegate this responsibility to Department Heads.

7.2 Professional conduct toward the City Attorney and City Manager. Councilmembers shall treat the City Attorney and City Manager with professionalism, respect, and civility at all times.

The City Attorney serves as the Council’s legal advisor and is obligated to provide candid, independent, and sometimes difficult legal guidance. Councilmembers may engage in frank discussions, ask challenging questions, and offer constructive feedback; however, such interactions must remain focused on issues and performance, not personal criticism.

Councilmembers shall not engage in behavior that demeans, intimidates, or publicly embarrasses the City Attorney and City Manager. Disagreements with legal advice or strategy should be expressed in a manner that upholds the integrity of the Council’s deliberative process and maintains public confidence in the City’s governance.

Nothing in this norm restricts a Councilmember’s ability to seek clarification, request alternative legal options, or raise concerns through appropriate channels. It is intended to

Page 123 of 197 ends

13 ensure that all interactions with the City Attorney and City Manager support a professional, safe, and effective working environment.

Any Councilmember who violates this norm is subject to the City Council’s Accountability Policy and may be stripped of their appointments to serve on interagency boards, serve as liaisons to City Commissions, or any other redress that a majority of the Councilmembers believe is appropriate under the circumstances.

7.3 Agenda Item Questions. The Council shall not abuse, embarrass, or harass staff. If a Councilmember has a question on a subject, the Councilmember should contact the City Manager prior to any meeting at which the subject may be discussed. This does not restrict Councilmembers from asking questions during a Council meeting.

7.4 Complaints. Councilmembers shall encourage members of the public to file all complaints related to work or services provided by City staff directly with the City Manager and the appropriate staff member. The City manager and staff shall ensure that all members of the public receive a response. If a Councilmember receives a complaint directly, the Councilmember should forward the complaint to the City Manager.

7.5 Staff. Councilmembers may ask Department Heads for information. This informal system of direct communication is not to be abused.

SECTION 8. MEETINGS

8.1 Open to Public. All meeting of the City Council, except for closed sessions as authorized by law, shall be open to the public and noticed as required. As an eligible legislative body, the City Council will provide, no later than July 1, 2026, for all open and public meetings, an opportunity for members of the public to attend and participate via a two-way telephonic service or a two-way audiovisual platform, except where an exemption in State law applies.

When service is operational for only a portion of a meeting, two-way access will be provided for that portion. In-person attendance will be available at a physical location open to the public.

Council members, staff, consultants and members of the public participating in meetings via teleconference shall maintain respect and decorum at all times. A member of public’s right to participate via teleconference does not override the City’s responsibility to provide a safe environment for Council, staff and other members of the public.

8.2 Broadcasting of City Council Meetings. All regular Council meetings and study sessions shall be scheduled in the Community Meeting Chambers unless there is a compelling reason to move the meeting to another location. The final decision shall be the responsibility of the Mayor. For all open and public meetings, the City will provide a contemporaneous live webcast that allows the public both to see and hear the proceedings. Recordings will be posted consistent with the City’s retention practices and applicable law.

8.3 Regular Meetings. The City Council shall conduct its regular meetings at the time and place established by ordinance. At the first regular meeting in December, the City Council will approve the schedule of meetings for the next calendar year, which shall be the Council’s adopted regular meeting schedule. This practice does not, however, preclude the Mayor or a majority of the members of the City Council from calling additional meetings pursuant to

Page 124 of 197 ends

Los Altos City CouncilMarch 24, 2026

Los Altos City Council
March 24, 2026