Attachment 1 - Investment Report March 31, 2022 — Manteca City Council, May 17, 2022

Investment Performance Review
For the Quarter Ended March 31, 2022
Client Management Team PFM Asset Management LLC
Monique Spyke, Managing Director
Allison Kaune, Senior Analyst
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
1 California Street Ste. 1000
San Francisco, CA 94111-5411
415-393-7270
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public

CITY OF MANTECA

ATTACHMENT
1 © PFM Asset Management LLC pfmam.com |
Market Summary

ATTACHMENT
1 For the Quarter Ended March 31, 2022
QUARTERLY MARKET SUMMARY Fixed Income Management
Summary
► In Q1, U.S. economic conditions were characterized by: (1) persistent high inflation; (2) the Federal Reserve (Fed) kicking off a shift to tighter monetary policy; (3) rapidly rising interest rates; (4) elevated energy and commodity prices; (5) increased volatility and risk-off sentiment in credit and equity markets; (6) stronger than ever labor market.
► Just as Omicron’s potential to impact the economy waned, geopolitical tensions in Ukraine dominated headlines, applying further pressure to an already fragile inflation narrative. Simultaneously, the macro focus on economic growth and continued recovery shifted from elevated virus infections to surging consumer prices. The U.S.

Personal Consumption Expenditure Core Price Index, the Fed’s preferred inflation measure, rose to a nearly four-decade high of 5.4% on a year-on-year basis in February, while the headline Consumer Price Index increased 8.5% year-over-year through March.
► On the heels of rising consumer prices, geopolitical uncertainty stemming from Russia’s invasion of Ukraine has stoked risks for both hampering global economic growth and creating additional pressures on supply chains and commodity prices.

While the U.S. is largely insulated from the direct conflict, the global impact on energy prices is undeniable, as Russia produces about 12% of global crude oil supplies. Europe’s heavier dependence on Russian natural gas suggests that the EU’s economy may face stiffer headwinds, ultimately dampening global growth in 2022 and beyond.
► As a result of surging inflation that proved not to be transitory, the Fed raised the overnight federal funds target rate to 0.25% in March 2022 for the first time since December 2018, underscoring the risk that inflation now poses to economic growth and stability. The Fed also forecasts as many as six more rate hikes this year. In addition, the Fed will likely begin reducing its balance sheet through a reduction in the reinvestment of maturities and principal payments on its nearly nine trillion holdings of Treasuries and agency mortgage-backed securities.

Economic Snapshot
► Underneath the headlines, the American consumer remains in good standing with strong household balance sheets supporting consumer demand. The final reading for Q4 2021 GDP showed that the U.S. economy grew at an annualized growth rate of 6.9%. Given current conditions, economists forecast a large drop for Q1 2022 and more moderate growth for the year, around 3.2%. That path will depend, in part, on how well the economy can handle an aggressive series of rate hikes. ► The U.S. labor market remains a strength of the economy, adding 6.7 million new jobs in 2021 and another 1.7 million jobs in Q1. The unemployment rate returned to a pandemic-cycle low of 3.6%. At the same time, initial jobless claims fell to a 50-year low and 11.3 million jobs remain unfilled. Averaged 199,000 a week in December, figures that are firmly below the pre-pandemic average of 225,000. The labor force participation rate also improved steadily through the quarter, reaching a two-year high of 62.4.
► Manufacturing and services remained expansionary in Q1 and above five-year averages. On the housing front, sales of both new and existing homes remained strong and continued the decade-long improvement following the 2007-2008 housing crash. However, refinancing activity fell drastically in Q1 as mortgage rates increased noticeably, and more recent readings appear to be softening.

Interest Rates
► U.S. Treasury yields rose meaningfully in Q1 on surging inflation data and growing expectations for multiple Fed rate hikes in 2022. Given their maturity horizon, two- and three-year yields were most impacted by the increased probability of future rate hikes, with both tenors increasing over 150 basis points (1.50%) during the quarter.
► Ten-year yields, which are more influenced by inflation expectations than Fed policy, increased 83 basis points, resulting in a briefly inverted yield curve between three- and ten-year maturities, suggesting markets expect inflation levels to ease over the longer run. Fed policy remains on a rate-hiking trajectory for the foreseeable future.
► As a result of sharply higher Treasury yields, fixed income indices posted some of the worst total returns dating back over 40 years. For example, the ICE BofA 1-, 5- and 10-year U.S. Treasury indices returned -0.73%, -4.92% and -7.21%, respectively.

Sector Performance
► Diversification away from U.S. Treasury securities generally detracted from fixedincome performance during Q1 as no sector was immune from spread widening caused by risk-off sentiment during the quarter.
► Investment-grade (IG) corporate credit spreads widened to a two-year wide in mid-March before partially retreating into quarter-end. Despite the late quarter retracement, IG corporate spreads remained elevated from a post-pandemic perspective. As a result, the corporate sector underperformed Treasuries in Q1, with lower quality bonds like those rated BBB performing worst. On the other hand, spreads now look attractive, assuming strong underlying fundamentals persist and the economy avoids a recession.
► AAA-rated asset-backed securities (ABS) also experienced noticeable spread widening during Q1. However, contrary to the retracement experienced in IG corporates, ABS spreads remained relatively wide at quarter-end. The result was underperformance vs. duration-matched Treasuries and therefore negative excess returns from the sector regardless of collateral type (auto or credit card receivables). ► Mortgage-backed securities (MBS) continued their trend of underperformance as rate increases and volatility impacted the sector more than others. As the Fed embarks on their tightening cycle and the reduction of the balance sheet, MBS have felt pressure from the combination of higher rates, slower prepayments (and therefore duration extensions), and demand concerns with the removal of the Fed as the larger price-insensitive purchaser for the past two years. The result was significant negative excess returns from the sector and continuing concerns for the balance of 2022.

PFM Asset Management LLC | For Institutional Investor or Investment Professional Use Only – This material is not for inspection by, distribution to, or quotation to the general public. 1 ATTACHMENT 1
For the Quarter Ended March 31, 2022
QUARTERLY MARKET SUMMARY Fixed Income Management
Economic Snapshot
Labor Market Dec '21 Mar '21
Unemployment Rate Mar '22 3.6% 3.9% 6.0%
Change In Non-Farm Payrolls Mar '22 431,000 588,000 704,000 Average Hourly Earnings (YoY) Mar '22 5.6% 4.9% 4.4%
Personal Income (YoY) Feb '22 6.0% 7.6% 29.5%
Initial Jobless Claims (week) 4/2/22 166,000 224,000 658,000 Growth
Real GDP (QoQ SAAR) 2022 Q4 6.9% 2.3% 4.5%
GDP Personal Consumption (QoQ SAAR) 2022 Q4 2.5% 2.0% 3.4% Retail Sales (YoY) Feb '22 17.6% 16.6% 29.7%
ISM Manufacturing Survey (month) Mar '22 57.1 58.8 63.7 Existing Home Sales SAAR (month) Feb '22 6.02 mil. 6.09 mil. 6.04 mil.

Inflation/Prices
Personal Consumption Expenditures (YoY) Feb '22 6.4% 5.8% 2.5% Consumer Price Index (YoY) Mar '22 8.5% 7.0% 2.6%
Consumer Price Index Core (YoY) Mar '22 6.5% 5.5% 1.6%
Crude Oil Futures (WTI, per barrel) Mar 31 $100.28 $75.21 $59.16 Gold Futures (oz.) Mar 31 $1,949 $1,829 $1,714
Latest
25-000K
20-000K
15-000K
10-000K
5-000K
0 5,000K
10,000K

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%
Mar '19 Sep '19 Mar '20 Sep '20 Mar '21 Sep '21 Mar '22 Unemployment Rate (left) vs. Change in Non-Farm Payrolls (right) Change In Non-Farm Payrolls Unemployment Rate
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
Dec '18 Jun '19 Dec '19 Jun '20 Dec '20 Jun '21 Dec '21 Real GDP (QoQ)
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
Mar '19 Sep '19 Mar '20 Sep '20 Mar '21 Sep '21 Mar '22 Consumer Price Index
CPI (YoY) Core CPI (YoY)
2 2
1 1

1. Data as of Third Quarter 2021.

2. Data as of Fourth Quarter 2020.

Note: YoY = year-over-year, QoQ = quarter-over-quarter, SAAR = seasonally adjusted annual rate, WTI = West Texas Intermediate crude oil.

Source: Bloomberg.

Interest Rate Overview
U.S. Treasury Note Yields U.S. Treasury Yield Curve
U.S. Treasury Yields Yield Curves as of 03/31/2022
0%
1%
2%
3%
3-mo1-yr2-yr3-yr5-yr7-yr10-yr20-yr30-yr
Yield
Maturity
March 31, 2022 December 31, 2021 March 31, 2021
0%
1%
2%
3%
4%
3-mo1-yr2-yr3-yr5-yr07-yr10-yr25-yr30-yr
Yield
Maturity
U.S. Treasury Federal Agency Corporates, A Rated

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%
3/31/21 6/30/21 9/30/21 12/31/21 3/31/22
Yield
2-Year 5-Year 10-Year
Maturity Mar '22 Dec '21 Change over
Quarter
Mar '21 Change over
Year
3-Month 0.50% 0.04% 0.46% 0.02% 0.48%
1-Year 1.61% 0.38% 1.23% 0.06% 1.55%
2-Year 2.34% 0.73% 1.61% 0.16% 2.18%
5-Year 2.46% 1.26% 1.20% 0.94% 1.52%
10-Year 2.34% 1.51% 0.83% 1.74% 0.60%
30-Year 2.45% 1.90% 0.55% 2.41% 0.04%
PFM Asset Management LLC | For Institutional Investor or Investment Professional Use Only – This material is not for inspection by, distribution to, or quotation to the general public. 3 ATTACHMENT 1
For the Quarter Ended March 31, 2022
QUARTERLY MARKET SUMMARY Fixed Income Management
March 31, 2022 Duration Yield 3 Month 1 Year 3 Years
1-3 Year Indices
U.S. Treasury 1.86 2.22% (2.34%) (2.84%) 0.88%
Federal Agency 1.82 2.18% (2.28%) (2.68%) 0.79%
U.S. Corporates, A-AAA rated 1.90 2.66% (2.44%) (2.63%) 1.49% Agency MBS (0 to 3 years) 2.13 2.59% (3.48%) (4.88%) 0.55% Taxable Municipals 1.57 2.49% (1.93%) (0.86%) 2.39%
1-5 Year Indices
U.S. Treasury 2.61 2.32% (3.16%) (3.72%) 0.92%
Federal Agency 2.46 2.28% (3.08%) (3.49%) 0.64%
U.S. Corporates, A-AAA rated 2.77 2.86% (3.62%) (3.65%) 1.62% Agency MBS (0 to 5 years) 3.40 2.69% (3.79%) (4.52%) 0.63% Taxable Municipals 2.33 2.68% (3.10%) (2.80%) 1.62%
Master Indices (Maturities 1 Year or Greater)
U.S. Treasury 7.02 2.39% (5.56%) (3.35%) 1.47%
Federal Agency 3.91 2.39% (4.25%) (3.65%) 1.33%
U.S. Corporates, A-AAA rated 7.90 3.30% (7.27%) (4.04%) 2.56% Agency MBS (0 to 30 years) 5.15 3.00% (5.05%) (5.10%) 0.56% Taxable Municipals 10.46 3.55% (9.37%) (3.98%) 3.59%
Source: ICE BofAML Indices.

As of 03/31/2022 Returns for Periods ended 03/31/2022
Returns for periods greater than one year are annualized.

PFM Asset Management LLC | For Institutional Investor or Investment Professional Use Only – This material is not for inspection by, distribution to, or quotation to the general public.

ICE BofAML Index Returns
4 ATTACHMENT 1
For the Quarter Ended March 31, 2022
QUARTERLY MARKET SUMMARY Fixed Income Management
Disclosures
PFM Asset Management LLC (“PFMAM”) is an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. (“USBAM”). USBAM is a subsidiary of U.S. Bank National Association (“U.S. Bank”). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S.

Bank is not responsible for and does not guarantee the products, services or performance of PFMAM.

The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC at the time of distribution and are subject to change.

Information is obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management LLC cannot guarantee its accuracy, completeness, or suitability. The information contained in this report is not an offer to purchase or sell any securities.

NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
Further distribution is not permitted without prior written consent.

ATTACHMENT
1 PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
▸ Invasion of Ukraine impacted the economic landscape
▹ Commodity prices soared, especially energy▹ Created significant geopolitical uncertainty▹ Triggered market volatility ▸ The U.S. economy is characterized by:
▹ A strong labor market▹ Inflation at a 40-year high▹ Depressed consumer confidence ▸ The Federal Reserve is tightening monetary policy
▹ Initiated the first of what will be many rate hikes in 2022▹ Balance sheet reduction likely to start soon ▸ U.S. Treasury yield curve has partially inverted
▹ Yield on 2-year Treasury notes rose above the 10-year Treasury▹ One early, but imperfect warning sign for a future recession Current Market Themes
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC pfmam.com |

CITY OF MANTECA
7 ATTACHMENT
1 For the Quarter Ended March 31, 2022
Market Update
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: BLS. Gov, data as of February 2022.

CPI Categories
◼ Commodities
◼ Services
◼ Energy
◼ Food
Majority of
components are above
the Fed’s 2% average
CPI target
2% Fed Inflation
Target
Index Weighting
Size of bubbles
represent
contribution to
headline CPI
Food
Gasoline and
Fuel Oil
Energy Services
New Vehicles
Used Cars
and Trucks
Apparel,
Medical Care,
Alcohol, and
Others
Shelter Medical Care,
Transportation
and Others
0%
10%
20%
30%
40%
50%
0% 5% 10% 15% 20% 25% 30% 35% 40%
Year-over-Year Inflation
CPI Components
Inflation is Prevalent Throughout the Economy

CITY OF MANTECA
8 ATTACHMENT 1
For the Quarter Ended March 31, 2022
Market Update
Invasion Has Put Additional Pressure on Supply Chains and Commodity Prices For the Quarter Ended March 31, 2022
Market Update
Energy Agriculture Industrial Metals
© PFM Asset Management LLC | pfmam.com
Source: Bloomberg, as of 3/31/2022.
$4
$6
$8
$10
$12
$14
$16
$18
2018 2019 2020 2021 2022
Soybean (per bushel)
$0
$20
$40
$60
$80
$100
$120
2018 2019 2020 2021 2022
WTI Crude Oil (per barrel)
$2
$4
$6
$8
$10
$12
$14
$16
2018 2019 2020 2021 2022
Wheat (per bushel)
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
2018 2019 2020 2021 2022
Retail Gasoline (per gallon)
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
$5.50
2018 2019 2020 2021 2022
Copper (per lb.)
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
2018 2019 2020 2021 2022
Aluminum (per metric ton)
YTD: +33%
YTD: +29%
YTD: +31% YTD: +7%
YTD: +22%
YTD: +24%

CITY OF MANTECA
9 ATTACHMENT 1
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com

2.6%

5.4% 5.4%

7.0%

7.9%1
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22
Consumer Price Index
% Change YoY
Mar 2021

6.0%

0.16%
0 Jun 2021

5.9%

0.25%
0 Sept 2021

4.7%

0.28%
0 Dec 2021

3.9%

0.73%
3 Mar 2022

3.6%

2.34%
7 Indicators
Unemployment Rate
2-Year Treasury Yield1
Fed Projections
# of 2022 Rate Hikes2
“…the Committee will aim
to achieve inflation
moderately above 2
percent for some time…” 3
“Inflation is elevated,
largely reflecting
transitory factors.”
“Inflation remains elevated, reflecting
supply and demand imbalances…
higher energy prices, and broader
price pressures.”
Federal Reserve Policy Has Lagged Surging Inflation
Source: Bloomberg, data as of 4/01/2022.

1. March’s CPI is assumed to remain unchanged from February’s CPI reading of 7.9%; Treasury yields are as of month-end.

2. Calculated using the 2022 median Federal Funds rate from the FOMC Summary of Economic Projections. Assumes 0.25% rate hikes.

3. Quotes are sourced directly from FOMC press release statements.

CITY OF MANTECA
10 ATTACHMENT 1
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: Bloomberg, as of 3/31/2022.

Treasury Yield Curve Partially Inverted; Sharp Rise in Yields Has Negatively Impacted Returns

0.48%

2.33%

2.46%

2.34% 2.45%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%
3 M
1 Y
2 Y
3 Y
4 Y
5 Y
10 Y
30 Y
Maturity
U.S. Treasury Yield Curve
March 31, 2022
December 31, 2021
-0.80%
-2.34%
-3.16%
-4.02%
-5.00%
-4.00%
-3.00%
-2.00%
-1.00%

0.00%

1.00%
1 Year
1 - 3 Year1 - 5 Year
1 - 10 Year
U.S. Treasury Returns – Q1 2022
Rising yields in Q1
negatively affected
bond returns

CITY OF MANTECA
11 ATTACHMENT 1
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
First Quarter Was the Worst Performance in Over 40 Years 0 10
20 30
40 50
60 70
80 -3%-2%-1%
0%1%2%3%4%5%6%7%8%9%
10%11%12%
Frequency
Distribution of Quarterly Returns
(3/31/78 - 3/31/22)
2022 Q1
Return
-2.34%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
Mar-78Mar-89Mar-00Mar-11Mar-22
Quarterly Performance
(3/31/78 - 3/31/22)
Median 0.97%
ICE BofA 1-3 Year Treasury Index
Source: Bloomberg, as of 3/31/2022.

CITY OF MANTECA
12 ATTACHMENT 1
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source (graph): Bloomberg, data as of 3/31/2022. Source (table): ICE BofAML Indices, data as of 3/31/2022. .

Performance Has Historically Suffered as the Fed Raised Rates Annual Returns of the ICE BofAML 1-3 Year Treasury Index 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD

0.43% 0.36% 0.62% 0.54% 0.89% 0.42% 1.58% 3.55% 3.10% -0.56% -2.34%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
2-Year Treasury Yield

CITY OF MANTECA
13 ATTACHMENT 1
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: ICE BofAML 1-3 year Indices via Bloomberg, MarketAxess and PFM as of 3/31/2022. Spreads on ABS and MBS are option-adjusted spreads of 0-3 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries. CMBS is Commercial Mortgage-Backed Securities.

Sector Yield Spreads Have Widened in Q1 2022

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22
Corporate Notes A-AAA Yield Spreads
-0.05%
-0.03%
-0.01%

0.01%

0.03%

0.05%

0.07%

0.09%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22
Federal Agency Yield Spreads
-0.50%

0.00%

0.50%

1.00%

1.50%

2.00%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22
Mortgage-Backed Securities Yield Spreads
Agency MBS AAA CMBS Index

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%
Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22
Asset-Backed Securities AAA Yield Spreads

CITY OF MANTECA
14 ATTACHMENT 1
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
For the Quarter Ended March 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: ICE BofAML Indices. ABS indices are 0-3 year, based on weighted average life. As of 3/31/2022.

Rising Rates and Wider Spreads Hurt Fixed-Income Returns in Q1 1-3 Year Indices
-2.34% -2.28%
-1.44%
-2.44%
-7.0%
-6.0%
-5.0%
-4.0%
-3.0%
-2.0%
-1.0%

0.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Q1 2022

0.86% 0.91%

1.26%

1.72%

0.0%

0.5%

1.0%

1.5%

2.0%

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

CITY OF MANTECA
15 ATTACHMENT 1
© PFM Asset Management LLC pfmam.com |
Portfolio Review:

CITY OF MANTECA

ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Snapshot
|
Yield and duration calculations exclude cash and cash equivalents. Sector allocation includes market values and accrued interests.The portfolio’s benchmark is the ICE BofAML 1-3 Year U.S. Treasury Index. Source: Bloomberg.

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

1. Portfolio Snapshot - CITY OF MANTECA¹
Credit Quality - S&P
13%
47%
39%
1%
7%
55%
38%
<1%
0%
20%40%60%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 38%Federal Agency | 20%Corporate | 19%
ABS | 13%
Supranational | 3%Municipal | 3%
Agency CMBS | 3%
Negotiable CD | 2%
Sector Allocation
AAA | 14%AA+ | 62%AA | 3%AA- | 1%A-1+ | 1%A+ | 3%A | 4%A- | 5%A-1 | 1% BBB+ | 3%Not Rated | 3%
Portfolio Statistics
Portfolio Effective Duration 1.74 years
Benchmark Effective Duration 1.80 yearsPortfolio Credit Quality AA Yield At Market 2.23%
Yield At Cost 0.76%
Total Market Value $146,620,580.26
Securities Sub-Total $146,315,405.40Cash $61,383.07
Accrued Interest $243,791.79
17 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Account Summary
|
Account Summary

1. Yield at market, yield on cost, and portfolio duration only include investments held within the separately managed account(s), excludes balances invested in overnight funds.

CITY OF MANTECA
Portfolio Values March 31, 2022PFMAM Managed Account $146,315,405 Amortized Cost $150,634,916
Market Value $146,315,405
Accrued Interest $243,792
Cash $61,383
Analytics¹ March 31, 2022Yield at Market 2.23%
Yield on Cost 0.76%Portfolio Duration 1.74
18 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Characteristics
|
$0
$30$60$90
$120$150
March 2022
$0
$30$60$90
$120$150
December 2021
$0
$30$60$90
$120$150
September 2021
$0.0
$30.0$60.0$90.0
$120.0$150.0
Millions
June 2021
Sector Allocation Review
U.S. Treasury Federal Agency Agency CMBS Supranational Municipal Negotiable CD Corporate ABS Market values, excluding accrued interest. Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. Detail may not add to total due to rounding.

Security Type Jun-21 % of Total Sep-21 % of Total Dec-21 % of Total Mar-22 % of Total U.S. Treasury $48.9 32.7% $56.3 37.7% $60.4 40.7% $55.5 37.9%Federal Agency $32.6 21.7% $30.7 20.5% $30.5 20.5% $29.2 20.0% Agency CMBS $6.5 4.4% $6.3 4.2% $4.3 2.9% $3.7 2.5%
Supranational $3.1 2.1% $4.5 3.0% $4.5 3.0% $4.4 3.0%Municipal $5.5 3.7% $4.7 3.1% $4.6 3.1% $4.4 3.0%Negotiable CD $10.1 6.8% $7.0 4.7% $2.7 1.8% $2.6 1.8%Corporate $25.2 16.9% $23.1 15.5% $24.1 16.2% $27.6 18.8% ABS $17.4 11.7% $16.9 11.3% $17.6 11.8% $19.0 13.0%
Total $149.4 100.0% $149.5 100.0% $148.7 100.0% $146.3 100.0% 19 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. TreasuryFederal Agency
Agency CMBS
Municipal
ABS
Corporate
U.S. Treasury
Federal Agency
Agency CMBS
Municipal
ABS
Corporate
($10.0) ($5.0) $0.0 $5.0 $10.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net ActivityCorporate $4,182,361
ABS $1,710,876
Municipal ($166,645)
Agency CMBS ($559,441)
Federal Agency ($740,795)U.S. Treasury ($3,197,878)Total Net Activity $1,228,478 Sales/Maturities Purchases
20 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is March 31, 2002.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.4. The portfolio’s benchmark is the ICE BofAML 1-3 Year U.S. Treasury Index. Source: Bloomberg. -3.0%-2.0%-1.0%

0.0%1.0%2.0%
Return
Portfolio Benchmark Net of Fees
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 YearsInterest Earned² $280,636 $1,320,974 $7,492,433 $12,788,083 $22,849,413Change in Market Value ($3,646,662) ($5,139,954) ($1,967,069) ($2,149,205) ($5,888,839) Total Dollar Return ($3,366,026) ($3,818,980) $5,525,364 $10,638,878 $16,960,574Total Return³ Portfolio -2.26% -2.64% 1.14% 1.38% 1.14%Benchmark⁴ -2.34% -2.84% 0.88% 1.07% 0.86%Basis Point Fee 0.03% 0.11% 0.11% 0.11% 0.11%Net of Fee Return -2.29% -2.75% 1.03% 1.27% 1.02% 3 Months 1 Year 3 Years 5 Years 10 Years
21 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Performance inception date is March 31, 2002.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Realized gains / (losses) are shown on an amortized cost basis.

Accrual Basis Earnings
Accrual Basis EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$280,636
($49,880)
($34,157)
$196,599
1 Year
$1,320,974
$588,545
($133,368)
$1,776,151
3 Years
$7,492,433$2,636,593
($49,988)
$10,079,038
5 Year
$12,788,083
$1,612,530
($21,196)
$14,379,417
10 Year¹
$22,849,413
$3,032,627
($4,265,350)
$21,616,690
22 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 37.9% UNITED STATES TREASURY 37.9% AA / Aaa / AAA
Federal Agency 19.9%
FANNIE MAE 4.1% AA / Aaa / AAAFEDERAL HOME LOAN BANKS 0.8% AA / Aaa / NRFREDDIE MAC 15.0% AA / Aaa / AAA Agency CMBS 2.5%
FANNIE MAE 0.3% AA / Aaa / AAAFREDDIE MAC 2.3% AA / Aaa / AAA Supranational 3.0%
INTER-AMERICAN DEVELOPMENT BANK 1.7% AAA / Aaa / AAAINTL BANK OF RECONSTRUCTION AND DEV 1.3% AAA / Aaa / AAA Municipal 3.0%

CALIFORNIA DEPARTMENT OF WATERRESOURCES

0.2% AAA / Aa / NR
CALIFORNIA EARTHQUAKE AUTHORITY 0.2% NR / NR / ACALIFORNIA STATE UNIVERSITY 0.3% AA / Aa / NRFLORIDA STATE BOARD OF ADMIN FIN CORP 0.3% AA / Aa / AALOS ANGELES COMMUNITY COLLEGEDISTRICT

0.2% AA / Aaa / NR
NEW JERSEY TURNPIKE AUTHORITY 0.2% AA / A / ANEW YORK ST URBAN DEVELOPMENT CORP 0.9% AA / NR / AASTATE OF MARYLAND 0.5% AAA / Aaa / AAASTATE OF MISSISSIPPI 0.2% AA / Aa / AA Negotiable CD 1.8%
CREDIT SUISSE GROUP RK 0.8% A / Aa / ADNB ASA 1.1% AA / Aa / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 18.9% 3M COMPANY 0.3% A / A / NR
ADOBE INC 0.1% A / A / NRAMAZON.COM INC 1.2% AA / A / AAAMERICAN EXPRESS CO 0.6% BBB / A / AAMERICAN HONDA FINANCE 0.7% A / A / AAPPLE INC 0.5% AA / Aaa / NRASTRAZENECA PLC 0.5% A / A / NR BANK OF AMERICA CO 1.4% A / A / AABMW FINANCIAL SERVICES NA LLC 0.4% A / A / NRBRISTOL-MYERS SQUIBB CO 0.5% A / A / NRCATERPILLAR INC 0.6% A / A / ACHARLES SCHWAB 0.3% A / A / ACHEVRON CORPORATION 0.2% AA / Aa / NRCITIGROUP INC 0.7% BBB / A / ACOMCAST CORP 0.2% A / A / ADEERE & COMPANY 0.6% A / A / AGOLDMAN SACHS GROUP INC 0.8% BBB / A / AHOME DEPOT INC 0.1% A / A / AJP MORGAN CHASE & CO 1.9% A / A / AAMORGAN STANLEY 0.9% BBB / A / ANATIONAL RURAL UTILITIES CO FINANCECORP

0.3% A / A / A
NESTLE SA 0.7% AA / Aa / A
PACCAR FINANCIAL CORP 0.7% A / A / NR
PEPSICO INC 0.2% A / A / NRRABOBANK NEDERLAND 0.5% A / Aa / AA Roche Holding AG 1.3% AA / Aa / NR
23 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 18.9% STATE STREET CORPORATION 0.8% A / A / AATARGET CORP 0.3% A / A / ATHE BANK OF NEW YORK MELLONCORPORATION

0.4% A / A / AA
TOYOTA MOTOR CORP 0.7% A / A / AUNILEVER PLC 0.2% A / A / AUNITEDHEALTH GROUP INC 0.3% A / A / A ABS 12.9%
ALLY AUTO RECEIVABLES TRUST 0.2% AAA / Aaa / AAA
BMW FINANCIAL SERVICES NA LLC 0.2% AAA / Aaa / NRBMW VEHICLE OWNER TRUST 0.2% AAA / NR / AAACAPITAL ONE FINANCIAL CORP 1.7% AAA / Aaa / AAACARMAX AUTO OWNER TRUST 1.7% AAA / Aaa / AAADISCOVER FINANCIAL SERVICES 0.3% AAA / Aaa / NRFIFTH THIRD AUTO TRUST 0.0% AAA / Aaa / NRFORD CREDIT AUTO OWNER TRUST 0.2% AAA / Aaa / AAAGM FINANCIAL CONSUMER AUTOMOBILETRUST

1.0% AAA / Aaa / AAA
GM FINANCIAL LEASINGTRUST 0.8% AAA / Aaa / AAAHARLEY-DAVIDSON MOTORCYCLE TRUST 0.2% AAA / Aaa / AAAHONDA AUTO RECEIVABLES 0.8% AAA / Aaa / AAAHYUNDAI AUTO RECEIVABLES 1.3% AAA / NR / AAAKUBOTA CREDIT OWNER TRUST 1.3% NR / Aaa / AAA MERCEDES-BENZ AUTO LEASE TRUST 0.1% AAA / NR / AAAMERCEDES-BENZ AUTO RECEIVABLES 0.2% AAA / NR / AAANISSAN AUTO LEASE TRUST 0.2% AAA / Aaa / NRNISSAN AUTO RECEIVABLES 0.4% AAA / Aaa / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 12.9% Toyota Lease Owner Trust 0.3% AAA / Aaa / NRTOYOTA MOTOR CORP 0.3% AAA / Aaa / AAAVERIZON OWNER TRUST 0.8% AAA / Aaa / AAAVOLKSWAGEN OF AMERICA 0.4% AAA / Aaa / NRWORLD OMNI AUTO REC TRUST 0.6% AAA / NR / AAA Total 100.0%
24 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended March 31, 2022, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management LLC
25 ATTACHMENT
1 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings and Transactions

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Composition
|
Issuer Distribution
As of March 31, 2022
Issuer Market Value ($) % of Portfolio
UNITED STATES TREASURY 55,455,273 37.89%FREDDIE MAC 25,317,505 17.29%FANNIE MAE 6,433,032 4.39%JP MORGAN CHASE & CO 2,765,726 1.88%CARMAX AUTO OWNER TRUST 2,550,446 1.73%INTER-AMERICAN DEVELOPMENT BANK 2,466,609 1.69%CAPITAL ONE FINANCIAL CORP 2,430,632 1.66%BANK OF AMERICA CO 2,041,278 1.40%INTL BANK OF RECONSTRUCTION AND DEV 1,944,281 1.33%KUBOTA CREDIT OWNER TRUST 1,862,070 1.27%HYUNDAI AUTO RECEIVABLES 1,849,067 1.26%ROCHE HOLDING AG 1,847,268 1.26% AMAZON.COM INC 1,780,081 1.22%
DNB ASA 1,529,188 1.05%GM FINANCIAL CONSUMER AUTOMOBILE TRUST 1,438,867 0.98%TOYOTA MOTOR CORP 1,405,869 0.96%MORGAN STANLEY 1,286,651 0.88%NEW YORK ST URBAN DEVELOPMENT CORP 1,247,101 0.85%VERIZON OWNER TRUST 1,245,049 0.85%HONDA AUTO RECEIVABLES 1,186,895 0.81%FEDERAL HOME LOAN BANKS 1,178,197 0.81%STATE STREET CORPORATION 1,131,024 0.77%CREDIT SUISSE GROUP RK 1,108,600 0.76%GOLDMAN SACHS GROUP INC 1,103,884 0.75% 27 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Composition
|
Issuer Market Value ($) % of PortfolioGM FINANCIAL LEASINGTRUST 1,100,085 0.75% AMERICAN HONDA FINANCE 1,081,241 0.74%
PACCAR FINANCIAL CORP 1,030,560 0.70%NESTLE SA 1,019,524 0.70%CITIGROUP INC 991,343 0.68%BMW FINANCIAL SERVICES NA LLC 909,532 0.62%CATERPILLAR INC 871,047 0.60%DEERE & COMPANY 866,261 0.59% AMERICAN EXPRESS CO 864,557 0.59%
WORLD OMNI AUTO REC TRUST 847,137 0.58%STATE OF MARYLAND 783,488 0.54%RABOBANK NEDERLAND 717,082 0.49% APPLE INC 700,338 0.48%
BRISTOL-MYERS SQUIBB CO 681,140 0.47%
ASTRAZENECA PLC 666,540 0.46%
THE BANK OF NEW YORK MELLON CORPORATION 639,329 0.44%NISSAN AUTO RECEIVABLES 621,967 0.43%VOLKSWAGEN OF AMERICA 550,405 0.38%TARGET CORP 485,234 0.33%UNITEDHEALTH GROUP INC 479,012 0.33%3M COMPANY 449,670 0.31%CHARLES SCHWAB 449,582 0.31%NATIONAL RURAL UTILITIES CO FINANCE CORP 447,051 0.31%CALIFORNIA STATE UNIVERSITY 392,880 0.27%TOYOTA LEASE OWNER TRUST 387,741 0.27%DISCOVER FINANCIAL SERVICES 384,059 0.26%FLORIDA STATE BOARD OF ADMIN FIN CORP 375,029 0.26% 28 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Composition
|
Issuer Market Value ($) % of PortfolioFORD CREDIT AUTO OWNER TRUST 361,973 0.25%PEPSICO INC 359,851 0.25%COMCAST CORP 357,676 0.24%STATE OF MISSISSIPPI 349,949 0.24%CHEVRON CORPORATION 331,205 0.23%CALIFORNIA DEPARTMENT OF WATER RESOURCES 320,060 0.22%CALIFORNIA EARTHQUAKE AUTHORITY 299,973 0.21%LOS ANGELES COMMUNITY COLLEGE DISTRICT 298,101 0.20%NEW JERSEY TURNPIKE AUTHORITY 289,024 0.20%NISSAN AUTO LEASE TRUST 270,603 0.18%BMW VEHICLE OWNER TRUST 268,969 0.18%MERCEDES-BENZ AUTO RECEIVABLES 258,124 0.18% ALLY AUTO RECEIVABLES TRUST 231,575 0.16%
HARLEY-DAVIDSON MOTORCYCLE TRUST 228,206 0.16%UNILEVER PLC 223,909 0.15% ADOBE INC 174,686 0.12%
MERCEDES-BENZ AUTO LEASE TRUST 144,120 0.10%HOME DEPOT INC 109,688 0.07%FIFTH THIRD AUTO TRUST 41,289 0.03% Grand Total 146,315,405 100.00%
29 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 05/15/2020 0.125% 05/15/2023
912828ZP8 1,250,000.00 AA+ Aaa 6/3/2020 6/5/2020 1,245,507.81 0.25 591.33 1,248,289.29 1,225,976.50 US TREASURY NOTESDTD 06/15/2020 0.250% 06/15/2023
912828ZU7 1,250,000.00 AA+ Aaa 6/11/2020 6/16/2020 1,251,611.33 0.21 918.61 1,250,648.07 1,225,390.63 US TREASURY NOTESDTD 06/15/2020 0.250% 06/15/2023
912828ZU7 1,450,000.00 AA+ Aaa 6/25/2020 6/29/2020 1,451,869.14 0.21 1,065.59 1,450,760.80 1,421,453.12 US TREASURY NOTESDTD 06/30/2016 1.375% 06/30/2023
912828S35 750,000.00 AA+ Aaa 3/5/2020 3/11/2020 768,222.66 0.63 2,592.37 756,875.05 744,375.00 US TREASURY NOTESDTD 09/30/2021 0.250% 09/30/2023
91282CDA6 2,250,000.00 AA+ Aaa 10/4/2021 10/6/2021 2,248,857.42 0.28 15.37 2,249,136.75 2,187,773.55 US TREASURY NOTESDTD 10/15/2020 0.125% 10/15/2023
91282CAP6 1,500,000.00 AA+ Aaa 10/8/2020 10/15/202 1,497,128.91 0.19 865.38 1,498,526.44 1,453,828.20 US TREASURY N/B NOTESDTD 10/31/2021 0.375% 10/31/2023
91282CDD0 1,500,000.00 AA+ Aaa 11/1/2021 11/4/2021 1,495,722.66 0.52 2,361.88 1,496,594.62 1,458,281.25 US TREASURY NOTESDTD 11/15/2020 0.250% 11/15/2023
91282CAW1 2,235,000.00 AA+ Aaa 12/1/2020 12/3/2020 2,236,658.79 0.22 2,114.61 2,235,913.34 2,165,505.36 US TREASURY NOTESDTD 12/15/2020 0.125% 12/15/2023
91282CBA8 425,000.00 AA+ Aaa 12/30/202 12/31/202 424,385.74 0.17 156.16 424,645.33 409,925.76 US TREASURY NOTESDTD 12/15/2020 0.125% 12/15/2023
91282CBA8 1,000,000.00 AA+ Aaa 1/7/2021 1/11/2021 997,460.94 0.21 367.45 998,518.88 964,531.20 US TREASURY NOTESDTD 01/15/2021 0.125% 01/15/2024
91282CBE0 2,000,000.00 AA+ Aaa 2/2/2021 2/3/2021 1,996,875.00 0.18 524.86 1,998,100.60 1,924,687.60 US TREASURY NOTESDTD 02/15/2021 0.125% 02/15/2024
91282CBM2 1,950,000.00 AA+ Aaa 3/1/2021 3/3/2021 1,941,544.93 0.27 303.00 1,944,632.32 1,872,609.38 US TREASURY NOTESDTD 03/15/2021 0.250% 03/15/2024
91282CBR1 400,000.00 AA+ Aaa 3/29/2021 3/30/2021 399,171.88 0.32 46.20 399,453.03 384,250.00 US TREASURY NOTESDTD 03/15/2021 0.250% 03/15/2024
91282CBR1 2,000,000.00 AA+ Aaa 3/11/2021 3/15/2021 1,995,546.88 0.32 230.97 1,997,098.97 1,921,250.00 US TREASURY N/B NOTESDTD 04/15/2021 0.375% 04/15/2024
91282CBV2 1,125,000.00 AA+ Aaa 4/27/2021 4/29/2021 1,125,834.96 0.35 1,947.12 1,125,574.90 1,080,527.40 30 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 05/01/2017 2.000% 04/30/2024
912828X70 2,000,000.00 AA+ Aaa 4/5/2021 4/7/2021 2,096,796.88 0.41 16,795.58 2,065,742.30 1,984,375.00 US TREASURY N/B NOTESDTD 06/15/2021 0.250% 06/15/2024
91282CCG4 3,000,000.00 AA+ Aaa 6/24/2021 6/29/2021 2,981,132.81 0.46 2,204.67 2,985,945.51 2,861,250.00 US TREASURY N/B NOTESDTD 06/15/2021 0.250% 06/15/2024
91282CCG4 1,525,000.00 AA+ Aaa 6/16/2021 6/17/2021 1,521,247.07 0.33 1,120.71 1,522,235.04 1,454,468.75 US TREASURY N/B NOTESDTD 06/15/2021 0.250% 06/15/2024
91282CCG4 2,000,000.00 AA+ Aaa 7/1/2021 7/7/2021 1,987,031.25 0.47 1,469.78 1,990,267.40 1,907,500.00 US TREASURY N/B NOTESDTD 06/15/2021 0.250% 06/15/2024
91282CCG4 1,700,000.00 AA+ Aaa 6/28/2021 6/29/2021 1,689,175.78 0.47 1,249.31 1,691,936.86 1,621,375.00 US TREASURY N/B NOTESDTD 07/15/2021 0.375% 07/15/2024
91282CCL3 3,000,000.00 AA+ Aaa 8/4/2021 8/9/2021 3,003,281.25 0.34 2,361.88 3,002,561.27 2,863,125.00 US TREASURY N/B NOTESDTD 07/15/2021 0.375% 07/15/2024
91282CCL3 1,000,000.00 AA+ Aaa 8/10/2021 8/12/2021 998,164.06 0.44 787.29 998,562.88 954,375.00 US TREASURY N/B NOTESDTD 07/15/2021 0.375% 07/15/2024
91282CCL3 870,000.00 AA+ Aaa 8/5/2021 8/9/2021 869,898.05 0.38 684.95 869,920.42 830,306.25 US TREASURY N/B NOTESDTD 08/15/2021 0.375% 08/15/2024
91282CCT6 800,000.00 AA+ Aaa 8/23/2021 8/25/2021 798,531.25 0.44 372.93 798,827.43 761,875.04 US TREASURY N/B NOTESDTD 08/15/2021 0.375% 08/15/2024
91282CCT6 3,000,000.00 AA+ Aaa 9/1/2021 9/7/2021 2,996,718.75 0.41 1,398.48 2,997,348.70 2,857,031.40 US TREASURY N/B NOTESDTD 09/15/2021 0.375% 09/15/2024
91282CCX7 1,500,000.00 AA+ Aaa 10/7/2021 10/13/202 1,491,855.47 0.56 259.85 1,493,151.88 1,425,000.00 US TREASURY N/B NOTESDTD 09/15/2021 0.375% 09/15/2024
91282CCX7 1,500,000.00 AA+ Aaa 10/4/2021 10/6/2021 1,494,082.03 0.51 259.85 1,495,056.43 1,425,000.00 US TREASURY N/B NOTESDTD 10/15/2021 0.625% 10/15/2024
91282CDB4 1,500,000.00 AA+ Aaa 11/1/2021 11/4/2021 1,492,617.19 0.79 4,326.93 1,493,632.67 1,431,796.80 US TREASURY N/B NOTESDTD 10/15/2021 0.625% 10/15/2024
91282CDB4 1,500,000.00 AA+ Aaa 10/13/202 10/18/202 1,499,238.28 0.64 4,326.93 1,499,353.27 1,431,796.80 US TREASURY NOTESDTD 10/31/2019 1.500% 10/31/2024
912828YM6 1,800,000.00 AA+ Aaa 5/4/2021 5/6/2021 1,865,460.94 0.45 11,337.02 1,848,504.81 1,755,843.84 US TREASURY N/B NOTESDTD 11/15/2021 0.750% 11/15/2024
91282CDH1 1,700,000.00 AA+ Aaa 12/2/2021 12/7/2021 1,692,097.66 0.91 4,825.28 1,692,943.81 1,624,828.04 US TREASURY NOTESDTD 11/30/2019 1.500% 11/30/2024
912828YV6 1,500,000.00 AA+ Aaa 6/3/2021 6/8/2021 1,553,847.66 0.46 7,541.21 1,541,264.85 1,461,093.75 31 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 11/30/2019 1.500% 11/30/2024
912828YV6 1,450,000.00 AA+ Aaa 6/2/2021 6/7/2021 1,503,695.31 0.43 7,289.83 1,491,115.75 1,412,390.63 US TREASURY N/B NOTESDTD 12/15/2021 1.000% 12/15/2024
91282CDN8 700,000.00 AA+ Aaa 12/22/202 12/27/202 700,902.34 0.96 2,057.69 700,823.26 672,656.25 US TREASURY N/B NOTESDTD 12/15/2021 1.000% 12/15/2024
91282CDN8 1,450,000.00 AA+ Aaa 1/3/2022 1/6/2022 1,448,923.83 1.03 4,262.36 1,449,009.00 1,393,359.38 US TREASURY N/B NOTESDTD 01/15/2022 1.125% 01/15/2025
91282CDS7 750,000.00 AA+ Aaa 2/4/2022 2/7/2022 743,496.09 1.43 1,771.41 743,817.35 722,343.75 US TREASURY N/B NOTESDTD 02/15/2022 1.500% 02/15/2025
91282CDZ1 2,225,000.00 AA+ Aaa 2/11/2022 2/15/2022 2,204,140.63 1.82 4,148.83 2,204,997.08 2,163,117.19 Security Type Sub-Total 57,555,000.00 57,708,733.63 0.49 94,953.67 57,651,786.36 55,455,272.82 Supranational
INTL BK OF RECON AND DEV NOTEDTD 04/20/2021 0.125% 04/20/2023 459058JV6 1,035,000.00 AAA Aaa 4/13/2021 4/20/2021 1,032,857.55 0.23 583.22 1,033,873.01 1,015,644.47 INTER-AMERICAN DEVEL BK NOTESDTD 04/24/2020 0.500% 05/24/2023 4581X0DM7 1,100,000.00 AAA Aaa 4/17/2020 4/24/2020 1,099,626.00 0.51 1,940.28 1,099,861.04 1,081,236.20 INTL BK RECON & DEVELOP NOTESDTD 11/24/2020 0.250% 11/24/2023 459058JM6 960,000.00 AAA Aaa 11/17/2020 11/24/2020 957,936.00 0.32 846.67 958,865.27 928,636.80 INTER-AMERICAN DEVEL BK NOTESDTD 09/23/2021 0.500% 09/23/2024 4581X0DZ8 1,455,000.00 AAA Aaa 9/15/2021 9/23/2021 1,453,923.30 0.52 161.67 1,454,109.95 1,385,372.43 Security Type Sub-Total 4,550,000.00 4,544,342.85 0.41 3,531.84 4,546,709.27 4,410,889.90 Negotiable CD
DNB BANK ASA/NY LT CDDTD 12/06/2019 2.040% 12/02/2022
23341VZT1 1,525,000.00 A-1+ P-1 12/4/2019 12/6/2019 1,525,000.00 2.03 10,370.00 1,525,000.00 1,529,187.65 CREDIT SUISSE NEW YORK CERTDEPOSDTD 03/23/2021 0.590% 03/17/2023 22552G3C2 1,125,000.00 A-1 P-1 3/19/2021 3/23/2021 1,125,000.00 0.59 276.56 1,125,000.00 1,108,599.75 Security Type Sub-Total 2,650,000.00 2,650,000.00 1.43 10,646.56 2,650,000.00 2,637,787.40 32 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Municipal
CA ST EARTHQUAKE AUTH TXBL REVBONDSDTD 11/24/2020 1.327% 07/01/2022 13017HAJ5 300,000.00 NR NR 11/13/2020 11/24/2020 300,000.00 1.33 995.25 300,000.00 299,973.00 CA ST DEPT WTR RES WTR SYS TXBLREV BNDSDTD 08/06/2020 0.349% 12/01/2022 13067WQZ8 225,000.00 AAA Aa1 7/30/2020 8/6/2020 225,000.00 0.35 261.75 225,000.00 223,339.50 NY ST URBAN DEV CORP TXBL REVBONDSDTD 12/23/2020 0.480% 03/15/2023 650036DR4 320,000.00 AA+ NR 12/16/202 12/23/202 320,000.00 0.48 68.27 320,000.00 315,264.00 MD ST TXBL GO BONDSDTD 08/05/2020 0.410% 08/01/2023
574193TP3 800,000.00 AAA Aaa 7/23/2020 8/5/2020 800,000.00 0.41 546.67 800,000.00 783,488.00 LOS ANGELES CCD, CA TXBL GOBONDSDTD 11/10/2020 0.444% 08/01/2023 54438CYH9 305,000.00 AA+ Aaa 10/30/202 11/10/2020 305,000.00 0.44 225.70 305,000.00 298,100.90 CA ST UNIV TXBL REV BONDSDTD 09/17/2020 0.475% 11/01/2023 13077DNB4 400,000.00 AA- Aa2 8/27/2020 9/17/2020 400,000.00 0.48 791.67 400,000.00 392,880.00 MS ST TXBL GO BONDSDTD 08/06/2020 0.422% 11/01/2023
605581MY0 360,000.00 AA Aa2 7/24/2020 8/6/2020 360,000.00 0.42 633.00 360,000.00 349,948.80 CA ST DEPT WTR RES WTR SYS TXBLREV BNDSDTD 08/06/2020 0.414% 12/01/2023 13067WRA2 100,000.00 AAA Aa1 7/30/2020 8/6/2020 100,000.00 0.41 138.00 100,000.00 96,720.00 NY ST URBAN DEV CORP TXBL REVBONDSDTD 12/23/2020 0.620% 03/15/2024 650036DS2 975,000.00 AA+ NR 12/16/202 12/23/202 975,000.00 0.62 268.67 975,000.00 931,836.75 NJ TURNPIKE AUTHORITY TXBL REVBONDSDTD 02/04/2021 0.897% 01/01/2025 646140DN0 305,000.00 AA- A1 1/22/2021 2/4/2021 305,000.00 0.90 683.96 305,000.00 289,024.10 FL ST BOARD OF ADMIN TXBL REVBONDSDTD 09/16/2020 1.258% 07/01/2025 341271AD6 395,000.00 AA Aa3 9/3/2020 9/16/2020 395,000.00 1.26 1,242.28 395,000.00 375,028.80 Security Type Sub-Total 4,485,000.00 4,485,000.00 0.63 5,855.22 4,485,000.00 4,355,603.85 33 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Federal Agency
FREDDIE MAC NOTESDTD 04/20/2020 0.375% 04/20/2023
3137EAEQ8 2,130,000.00 AA+ Aaa 4/17/2020 4/20/2020 2,124,675.00 0.46 3,572.19 2,128,132.60 2,099,986.17 FREDDIE MAC NOTESDTD 05/07/2020 0.375% 05/05/2023
3137EAER6 2,750,000.00 AA+ Aaa 5/5/2020 5/7/2020 2,748,845.00 0.39 4,182.29 2,749,578.37 2,708,554.75 FANNIE MAE NOTESDTD 05/22/2020 0.250% 05/22/2023
3135G04Q3 3,140,000.00 AA+ Aaa 5/20/2020 5/22/2020 3,130,548.60 0.35 2,812.92 3,136,409.33 3,083,100.06 FEDERAL HOME LOAN BANKS NOTESDTD 05/09/2013 2.125% 06/09/2023 3133834G3 1,175,000.00 AA+ Aaa 3/24/2020 3/25/2020 1,226,253.50 0.75 7,768.06 1,193,995.75 1,178,197.18 FREDDIE MAC NOTESDTD 06/26/2020 0.250% 06/26/2023
3137EAES4 2,850,000.00 AA+ Aaa 6/24/2020 6/26/2020 2,841,678.00 0.35 1,880.21 2,846,572.40 2,790,375.15 FANNIE MAE NOTESDTD 07/10/2020 0.250% 07/10/2023
3135G05G4 3,000,000.00 AA+ Aaa 7/8/2020 7/10/2020 2,993,550.00 0.32 1,687.50 2,997,260.96 2,932,659.00 FREDDIE MAC NOTESDTD 08/21/2020 0.250% 08/24/2023
3137EAEV7 2,575,000.00 AA+ Aaa 8/19/2020 8/21/2020 2,572,373.50 0.28 661.63 2,573,780.04 2,509,309.18 FREDDIE MAC NOTESDTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 2,700,000.00 AA+ Aaa 9/2/2020 9/4/2020 2,699,109.00 0.26 431.25 2,699,574.36 2,628,115.20 FREDDIE MAC NOTESDTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 1,000,000.00 AA+ Aaa 10/7/2020 10/9/2020 999,710.00 0.26 159.72 999,856.91 973,376.00 FREDDIE MAC NOTESDTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 2,035,000.00 AA+ Aaa 9/2/2020 9/4/2020 2,035,371.61 0.24 325.04 2,035,177.52 1,980,820.16 FREDDIE MAC NOTESDTD 10/16/2020 0.125% 10/16/2023
3137EAEY1 1,150,000.00 AA+ Aaa 10/14/202 10/16/202 1,145,710.50 0.25 658.85 1,147,794.53 1,113,811.80 FREDDIE MAC NOTESDTD 11/05/2020 0.250% 11/06/2023
3137EAEZ8 2,980,000.00 AA+ Aaa 11/3/2020 11/5/2020 2,977,318.00 0.28 3,000.69 2,978,570.91 2,887,804.76 FREDDIE MAC NOTESDTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 2,400,000.00 AA+ Aaa 12/2/2020 12/4/2020 2,397,624.00 0.28 1,950.00 2,398,672.04 2,321,431.20 Security Type Sub-Total 29,885,000.00 29,892,766.71 0.33 29,090.35 29,885,375.72 29,207,540.61 Corporate
JPMORGAN CHASE & CO BONDS(CALLED, OMD 4DTD 03/22/2019 3.207% 04/01/2022 46647PBB1 1,025,000.00 A- A2 3/15/2019 3/22/2019 1,025,000.00 3.21 16,435.88 1,025,000.00 1,024,924.15 34 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

ADOBE INC CORP NOTE
DTD 02/03/2020 1.700% 02/01/2023
00724PAA7 175,000.00 A+ A2 1/22/2020 2/3/2020 174,760.25 1.75 495.83 174,932.94 174,685.53 3M COMPANYDTD 08/26/2019 1.750% 02/14/2023
88579YBL4 450,000.00 A+ A1 8/19/2019 8/26/2019 448,285.50 1.86 1,028.13 449,568.67 449,670.15 PEPSICO INC CORPORATE NOTESDTD 05/01/2020 0.750% 05/01/2023 713448EY0 365,000.00 A+ A1 4/29/2020 5/1/2020 364,277.30 0.82 1,140.63 364,739.30 359,851.31

AMERICAN HONDA FINANCE
DTD 01/10/2020 1.950% 05/10/2023
02665WDH1 575,000.00 A- A3 1/7/2020 1/10/2020 574,787.25 1.96 4,391.56 574,929.32 572,928.28 CHEVRON CORP CORPORATE NOTESDTD 05/11/2020 1.141% 05/11/2023 166764BV1 335,000.00 AA- Aa2 5/7/2020 5/11/2020 335,000.00 1.14 1,486.47 335,000.00 331,205.12

APPLE INC CORPORATE NOTES
DTD 05/11/2020 0.750% 05/11/2023
037833DV9 710,000.00 AA+ Aaa 5/4/2020 5/11/2020 708,068.80 0.84 2,070.83 709,285.72 700,337.61 AMAZON.COM INC CORPORATE
NOTESDTD 06/03/2020 0.400% 06/03/2023
023135BP0 775,000.00 AA A1 6/1/2020 6/3/2020 773,915.00 0.45 1,016.11 774,575.91 762,121.05 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 06/08/2020 0.800% 06/08/2023 69371RQ82 200,000.00 A+ A1 6/1/2020 6/8/2020 199,722.00 0.85 502.22 199,890.07 196,776.20 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 06/04/2020 0.700% 07/05/2023 24422EVH9 250,000.00 A A2 6/1/2020 6/4/2020 249,795.00 0.73 418.06 249,916.25 245,092.75 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 08/11/2020 0.350% 08/11/2023 69371RQ90 110,000.00 A+ A1 8/4/2020 8/11/2020 109,855.90 0.39 53.47 109,934.60 107,038.58 TOYOTA MOTOR CREDIT CORPCORPORATE NOTESDTD 05/26/2020 1.350% 08/25/2023 89236THA6 500,000.00 A+ A1 5/20/2020 5/26/2020 499,815.00 1.36 675.00 499,920.29 493,535.00 MORGAN STANLEY CORPORATENOTESDTD 11/13/2020 0.560% 11/10/2023 6174468T9 240,000.00 BBB+ A1 11/9/2020 11/13/2020 240,000.00 0.56 526.40 240,000.00 237,273.60 BRISTOL-MYERS SQUIBB CO(CALLABLE) CORPDTD 11/13/2020 0.537% 11/13/2023 110122DT2 690,000.00 A+ A2 11/9/2020 11/13/2020 690,000.00 0.54 1,420.37 690,000.00 681,140.40 35 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

ASTRAZENECA FINANCE LLC
(CALLABLE) CORPDTD 05/28/2021 0.700% 05/28/2024
04636NAC7 695,000.00 A- A3 5/25/2021 5/28/2021 694,937.45 0.70 1,662.21 694,955.03 666,540.45 36 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 07/30/2019 2.500% 07/30/2024
025816CG2 150,000.00 BBB+ A2 11/19/2021 11/23/2021 155,370.00 1.14 635.42 154,640.81 149,352.00

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 07/30/2019 2.500% 07/30/2024
025816CG2 600,000.00 BBB+ A2 11/19/2021 11/23/2021 621,480.00 1.14 2,541.66 618,563.24 597,408.00 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 08/09/2021 0.500% 08/09/2024 69371RR40 160,000.00 A+ A1 8/3/2021 8/9/2021 159,913.60 0.52 115.56 159,932.13 151,895.04

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 09/09/2021 0.750% 08/09/2024
02665WDY4 230,000.00 A- A3 9/7/2021 9/9/2021 229,848.20 0.77 249.17 229,877.28 219,137.79 UNILEVER CAPITAL CORP(CALLABLE) CORPORADTD 08/12/2021 0.626% 08/12/2024 904764BN6 235,000.00 A+ A1 8/9/2021 8/12/2021 235,000.00 0.63 200.23 235,000.00 223,908.94 BMW US CAPITAL LLC CORPORATENOTESDTD 08/12/2021 0.750% 08/12/2024 05565EBU8 300,000.00 A A2 8/9/2021 8/12/2021 299,973.00 0.75 306.25 299,978.72 286,149.30 CATERPILLAR FINL SERVICECORPORATE NOTESDTD 09/14/2021 0.600% 09/13/2024 14913R2P1 710,000.00 A A2 9/7/2021 9/14/2021 709,034.40 0.65 213.00 709,209.88 676,412.03 NESTLE HOLDINGS INC CORP NOTES(CALLABLEDTD 09/14/2021 0.606% 09/14/2024 641062AU8 1,075,000.00 AA- Aa3 9/7/2021 9/14/2021 1,075,000.00 0.61 307.63 1,075,000.00 1,019,523.55 BANK OF AMERICA CORP(CALLABLE) CORPORATDTD 10/21/2020 0.810% 10/24/2024 06051GJH3 525,000.00 A- A2 10/16/202 10/21/202 525,000.00 0.81 1,854.56 525,000.00 507,226.13 BANK OF NY MELLON CORP(CALLABLE) CORPORDTD 10/25/2021 0.850% 10/25/2024 06406RAX5 670,000.00 A A1 10/20/202 10/25/202 669,564.50 0.87 2,467.83 669,627.28 639,329.41 CITIGROUP INC CORPORATE NOTESDTD 10/30/2020 0.776% 10/30/2024 172967MT5 650,000.00 BBB+ A3 10/23/202 10/30/202 650,000.00 0.78 2,115.68 650,000.00 627,861.00 37 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 01/13/2022 1.500% 01/13/2025
02665WEA5 300,000.00 A- A3 1/11/2022 1/13/2022 299,763.00 1.53 975.00 299,779.87 289,174.80 GOLDMAN SACHS GROUP INCCORPORATE NOTESDTD 01/24/2022 1.757% 01/24/2025 38141GZH0 500,000.00 BBB+ A2 1/19/2022 1/24/2022 500,000.00 1.76 1,634.99 500,000.00 487,098.00 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 02/07/2022 1.875% 02/07/2025 63743HFC1 200,000.00 A- A2 1/31/2022 2/7/2022 199,994.00 1.88 562.50 199,994.29 193,217.00 JPMORGAN CHASE & CO CORPNOTES (CALLABLEDTD 02/16/2021 0.563% 02/16/2025 46647PBY1 475,000.00 A- A2 2/9/2021 2/16/2021 475,000.00 0.56 334.28 475,000.00 453,883.40

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 03/04/2022 2.250% 03/04/2025
025816CQ0 120,000.00 BBB+ A2 3/1/2022 3/4/2022 119,878.80 2.29 202.50 119,881.90 117,796.92 ROCHE HOLDINGS INC (CALLABLE)CORPORATEDTD 03/10/2022 2.132% 03/10/2025 771196BT8 1,885,000.00 AA Aa3 3/3/2022 3/10/2022 1,885,000.00 2.13 2,344.31 1,885,000.00 1,847,267.96 BMW US CAPITAL LLC CORP NOTES(CALLABLE)DTD 04/01/2022 3.250% 04/01/2025 05565EBZ7 355,000.00 A A2 3/28/2022 4/1/2022 354,666.30 3.28 0.00 354,666.30 356,099.79 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 04/07/2022 2.850% 04/07/2025 69371RR73 575,000.00 A+ A1 3/31/2022 4/7/2022 574,850.50 2.86 0.00 574,850.50 574,850.50 HOME DEPOT INC (CALLABLE)CORPORATE NOTEDTD 03/28/2022 2.700% 04/15/2025 437076CM2 110,000.00 A A2 3/24/2022 3/28/2022 109,807.50 2.76 24.75 109,808.19 109,687.60 CITIGROUP INC CORPORATE NOTESDTD 05/04/2021 0.981% 05/01/2025 172967MX6 230,000.00 BBB+ A3 4/27/2021 5/4/2021 230,000.00 0.98 940.13 230,000.00 219,117.55 38 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
JPMORGAN CHASE & COCORPORATE NOTESDTD 06/01/2021 0.824% 06/01/2025 46647PCH7 630,000.00 A- A2 5/24/2021 6/1/2021 630,000.00 0.82 1,730.40 630,000.00 600,437.88 BANK OF AMERICA CORP NOTES(CALLABLE)DTD 12/06/2021 1.530% 12/06/2025 06051GKE8 1,000,000.00 A- A2 12/1/2021 12/6/2021 1,000,000.00 1.53 4,887.50 1,000,000.00 955,791.00 CITIGROUP INC CORP NOTES(CALLABLE)DTD 01/25/2022 2.014% 01/25/2026 17327CAN3 150,000.00 BBB+ A3 1/18/2022 1/25/2022 150,000.00 2.01 553.85 150,000.00 144,364.35 STATE STREET CORP CORPORATENOTESDTD 02/07/2022 1.746% 02/06/2026 857477BR3 300,000.00 A A1 2/2/2022 2/7/2022 300,000.00 1.75 785.70 300,000.00 290,366.70 MORGAN STANLEY CORP NOTES(CALLABLE)DTD 02/18/2022 2.630% 02/18/2026 61747YEM3 875,000.00 BBB+ A1 2/16/2022 2/18/2022 875,000.00 2.63 2,748.72 875,000.00 849,038.75 STATE STREET CORP NOTES(CALLABLE)DTD 10/29/2020 2.901% 03/30/2026 857477BM4 150,000.00 A A1 2/3/2022 2/7/2022 154,573.50 2.13 12.09 154,362.17 148,351.20 STATE STREET CORP NOTES(CALLABLE)DTD 10/29/2020 2.901% 03/30/2026 857477BM4 700,000.00 A A1 2/17/2022 2/22/2022 714,091.00 2.38 56.41 713,617.98 692,305.60 Security Type Sub-Total 28,265,000.00 28,394,622.65 1.31 84,796.49 28,360,837.41 27,570,902.41 Agency CMBS
FHLMC MULTIFAMILY STRUCTURED PDTD 11/01/2015 2.716% 06/01/2022 3137BLUR7 345,424.09 AA+ Aaa 3/7/2019 3/12/2019 344,843.89 2.77 781.81 345,394.02 345,413.06 FHLMC MULTIFAMILY STRUCTURED PDTD 12/01/2012 2.307% 08/01/2022 3137AWQH1 600,000.00 AA+ Aaa 9/4/2019 9/9/2019 608,859.38 1.78 1,153.50 601,022.56 600,386.12 FNA 2013-M1 A2DTD 01/01/2013 2.365% 08/01/2022
3136ABPW7 200,606.41 AA+ Aaa 9/10/2019 9/13/2019 202,150.13 2.09 395.30 200,785.26 200,606.41 FHLMC MULTIFAMILY STRUCTURED PDTD 12/01/2012 2.307% 08/01/2022 3137AWQH1 400,000.00 AA+ Aaa 9/6/2019 9/11/2019 404,656.25 1.89 769.00 400,538.45 400,257.42 FHLMC MULTIFAMILY STRUCTURED PDTD 05/01/2013 2.510% 11/01/2022 3137B1BS0 149,822.49 AA+ Aaa 2/6/2020 2/11/2020 152,538.03 1.83 313.38 150,407.12 150,122.11 39 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FHLMC MULTIFAMILY STRUCTURED PDTD 05/01/2013 2.510% 11/01/2022 3137B1BS0 1,398,343.29 AA+ Aaa 8/12/2019 8/15/2019 1,424,125.24 1.92 2,924.87 1,403,042.90 1,401,139.72 FNA 2013-M7 A2DTD 05/01/2013 2.280% 12/01/2022
3136AEGQ4 216,552.61 AA+ Aaa 9/4/2019 9/9/2019 219,389.65 1.86 411.45 217,139.75 216,666.11 FHLMC MULTIFAMILY STRUCTURED PDTD 11/01/2013 2.669% 02/01/2023 3137B5JL8 90,585.27 AA+ Aaa 6/13/2018 6/18/2018 90,121.73 2.79 201.48 90,501.29 90,727.69 FHMS KP05 ADTD 12/01/2018 3.203% 07/01/2023
3137FKK39 19,159.16 AA+ Aaa 12/7/2018 12/17/201 19,159.10 3.20 51.14 19,159.14 19,247.47 FHLMC MULTIFAMILY STRUCTURED PPOOLDTD 12/01/2017 2.951% 02/01/2024 3137FCM35 192,612.39 AA+ Aaa 8/16/2019 8/21/2019 197,156.84 2.39 473.67 194,488.90 193,422.31 FHMS KJ27 A1DTD 11/01/2019 2.092% 07/01/2024
3137FQ3V3 103,226.27 AA+ Aaa 11/20/2019 11/26/2019 103,223.80 2.09 179.96 103,225.06 103,204.27 Security Type Sub-Total 3,716,331.98 3,766,224.04 2.03 7,655.56 3,725,704.45 3,721,192.69 ABS
TOYOTA AUTO RECEIVABLES OWNERDTD 11/07/2018 3.180% 03/15/2023 89231PAD0 9,899.65 AAA Aaa 10/31/201 11/7/2018 9,897.51 3.19 13.99 9,899.18 9,901.10 HAROT 2019-1 A3DTD 02/27/2019 2.830% 03/20/2023
43814WAC9 32,696.41 AAA NR 2/19/2019 2/27/2019 32,695.54 2.83 33.41 32,696.20 32,749.40 NAROT 2018-C A3DTD 12/12/2018 3.220% 06/15/2023
65478NAD7 54,758.25 AAA Aaa 12/4/2018 12/12/201 54,747.76 3.22 78.37 54,755.45 54,840.70 HYUNDAI AUTO RECEIVABLES TRUSTDTD 04/10/2019 2.660% 06/15/2023 44932NAD2 29,743.27 AAA NR 4/3/2019 4/10/2019 29,739.36 2.66 35.16 29,742.14 29,763.28 HAROT 2019-3 A3DTD 08/27/2019 1.780% 08/15/2023
43815NAC8 101,542.40 AAA Aaa 8/20/2019 8/27/2019 101,541.55 1.78 80.33 101,542.11 101,642.68 GMALT 2020-3 A3DTD 09/29/2020 0.450% 08/21/2023
362569AC9 203,020.43 AAA Aaa 9/22/2020 9/29/2020 203,000.98 0.45 27.92 203,011.09 202,417.66 ALLYA 2019-1 A3
DTD 02/13/2019 2.910% 09/15/2023
02004WAC5 64,472.31 NR Aaa 2/5/2019 2/13/2019 64,464.52 2.91 83.38 64,469.84 64,596.34 NALT 2020-B A3DTD 09/29/2020 0.430% 10/16/2023
65480EAD3 271,721.02 AAA Aaa 9/22/2020 9/29/2020 271,693.06 0.43 51.93 271,706.86 270,602.75 40 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
COPAR 2019-1 A3DTD 05/30/2019 2.510% 11/15/2023
14042WAC4 69,652.71 AAA Aaa 5/21/2019 5/30/2019 69,638.60 2.51 77.70 69,647.58 69,818.08 MBALT 2020-B A3DTD 09/23/2020 0.400% 11/15/2023
58769EAC2 145,000.00 AAA NR 9/15/2020 9/23/2020 144,992.65 0.40 25.78 144,996.20 144,120.36 GMCAR 2019-1 A3DTD 01/16/2019 2.970% 11/16/2023
36256XAD4 52,445.59 NR Aaa 1/8/2019 1/16/2019 52,439.78 2.97 64.90 52,443.63 52,509.66 FIFTH THIRD AUTO TRUSTDTD 05/08/2019 2.640% 12/15/2023
31680YAD9 41,226.49 AAA Aaa 4/30/2019 5/8/2019 41,217.44 2.65 48.37 41,223.14 41,288.93 BMWLT 2021-1 A3DTD 03/10/2021 0.290% 01/25/2024
05591RAC8 270,000.00 AAA Aaa 3/2/2021 3/10/2021 269,991.44 0.29 13.05 269,994.59 267,282.83 HDMOT 2019-A A3DTD 06/26/2019 2.340% 02/15/2024
41284WAC4 65,843.36 NR Aaa 6/19/2019 6/26/2019 65,838.27 2.34 68.48 65,841.30 65,925.90 HART 2019-B A3DTD 11/06/2019 1.940% 02/15/2024
44891JAC2 123,393.69 AAA NR 10/29/201 11/6/2019 123,388.01 1.94 106.39 123,391.20 123,472.08 GMALT 2021-1 A3DTD 02/24/2021 0.260% 02/20/2024
36261RAC2 350,000.00 NR Aaa 2/17/2021 2/24/2021 349,964.16 0.26 27.81 349,977.33 346,616.06 FORDO 2019-C A3DTD 11/22/2019 1.870% 03/15/2024
34531KAD4 212,501.93 AAA Aaa 11/19/2019 11/22/2019 212,489.73 1.87 176.61 212,496.40 212,688.93 TLOT 2021-A A3DTD 04/21/2021 0.390% 04/22/2024
89238EAC0 395,000.00 AAA Aaa 4/13/2021 4/21/2021 394,953.90 0.39 47.07 394,968.40 387,740.89 VZOT 2019-C A1ADTD 10/08/2019 1.940% 04/22/2024
92348AAA3 391,682.72 AAA NR 10/1/2019 10/8/2019 391,652.52 1.94 232.18 391,669.02 392,133.08 GMALT 2021-2 A3DTD 05/26/2021 0.340% 05/20/2024
380144AC9 560,000.00 AAA NR 5/18/2021 5/26/2021 559,912.08 0.35 58.18 559,937.08 551,050.98 ALLYA 2019-4 A3
DTD 12/11/2019 1.840% 06/17/2024
02007TAC9 166,864.27 AAA Aaa 12/4/2019 12/11/2019 166,835.53 1.84 136.46 166,850.20 166,979.06 NAROT 2019-C A3DTD 10/23/2019 1.930% 07/15/2024
65479JAD5 245,038.47 AAA Aaa 10/16/201 10/23/201 245,025.54 1.93 210.19 245,032.21 245,320.85 NAROT 2020-B A3DTD 06/30/2020 0.550% 07/15/2024
65479CAD0 323,876.60 AAA Aaa 6/23/2020 6/30/2020 323,867.73 0.55 79.17 323,871.58 321,805.80 VZOT 2020-A A1ADTD 01/29/2020 1.850% 07/22/2024
92348TAA2 300,580.71 AAA Aaa 1/21/2020 1/29/2020 300,545.51 1.85 169.91 300,562.57 300,618.61 GMCAR 2020-1 A3DTD 01/15/2020 1.840% 09/16/2024
36258NAC6 186,461.06 AAA Aaa 1/8/2020 1/15/2020 186,417.15 1.85 142.95 186,437.92 186,496.99 41 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
HDMOT 2020-A A3DTD 01/29/2020 1.870% 10/15/2024
41284UAD6 162,297.82 AAA Aaa 1/21/2020 1/29/2020 162,262.43 1.87 134.89 162,278.74 162,280.24 HAROT 2020-3 A3DTD 09/29/2020 0.370% 10/18/2024
43813KAC6 285,000.00 AAA NR 9/22/2020 9/29/2020 284,958.13 0.37 38.08 284,973.66 281,463.66 BMWOT 2020-A A3DTD 07/15/2020 0.480% 10/25/2024
09661RAD3 271,184.94 AAA NR 7/8/2020 7/15/2020 271,164.46 0.48 21.69 271,172.65 268,969.17 CARMX 2020-1 A3DTD 01/22/2020 1.890% 12/16/2024
14315XAC2 355,198.79 AAA NR 1/14/2020 1/22/2020 355,129.10 1.89 298.37 355,160.25 354,838.65 HART 2020-B A3DTD 07/22/2020 0.480% 12/16/2024
44933FAC0 269,298.47 AAA NR 7/14/2020 7/22/2020 269,248.06 0.48 57.45 269,267.43 267,019.29 MBART 2020-1 A3DTD 06/23/2020 0.550% 02/18/2025
58769VAC4 260,448.45 AAA NR 6/16/2020 6/23/2020 260,428.11 0.55 63.67 260,435.85 258,123.97 VZOT 2020-B ADTD 08/12/2020 0.470% 02/20/2025
92290BAA9 560,000.00 NR Aaa 8/4/2020 8/12/2020 559,882.40 0.47 80.42 559,924.87 552,297.42 CARMX 2020-3 A3DTD 07/22/2020 0.620% 03/17/2025
14315FAD9 278,347.71 AAA NR 7/14/2020 7/22/2020 278,300.00 0.62 76.70 278,317.35 275,910.14 KCOT 2022-1A A2DTD 03/23/2022 2.340% 04/15/2025
50117EAB0 265,000.00 NR Aaa 3/15/2022 3/23/2022 264,990.86 2.34 137.80 264,990.93 263,537.60 GMCAR 2020-3 A3DTD 08/19/2020 0.450% 04/16/2025
362590AC5 546,361.64 NR Aaa 8/11/2020 8/19/2020 546,236.63 0.46 102.44 546,279.99 539,637.18 WOART 2020-B A3DTD 06/24/2020 0.630% 05/15/2025
98163WAC0 350,726.44 AAA NR 6/16/2020 6/24/2020 350,698.94 0.63 98.20 350,708.89 347,572.46 CARMX 2020-4 A3DTD 10/21/2020 0.500% 08/15/2025
14316HAC6 350,000.00 AAA NR 10/14/202 10/21/202 349,922.97 0.50 77.78 349,946.05 343,593.32 KCOT 2021-1A A3DTD 04/14/2021 0.620% 08/15/2025
50117TAC5 330,000.00 NR Aaa 4/6/2021 4/14/2021 329,932.48 0.62 90.93 329,947.48 316,837.29 HART 2021-A A3DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 315,000.00 AAA NR 4/20/2021 4/28/2021 314,966.86 0.38 53.20 314,973.86 306,905.29 KCOT 2021-2A A3DTD 07/28/2021 0.560% 11/17/2025
50117XAE2 555,000.00 NR Aaa 7/20/2021 7/28/2021 554,979.08 0.56 138.13 554,982.36 526,618.20 CARMX 2021-1 A3DTD 01/27/2021 0.340% 12/15/2025
14316NAC3 235,000.00 AAA NR 1/20/2021 1/27/2021 234,953.56 0.34 35.51 234,964.73 229,241.09 HAROT 2021-4 A3DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 430,000.00 NR Aaa 11/16/2021 11/24/2021 429,909.36 0.89 105.11 429,917.00 416,389.60 42 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
CARMX 2021-2 A3DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 475,000.00 AAA NR 4/13/2021 4/21/2021 474,897.64 0.52 109.78 474,917.67 464,018.19 TAOT 2021-D A3DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 435,000.00 AAA NR 11/9/2021 11/15/2021 434,990.73 0.71 137.27 434,991.52 419,753.12 HAROT 2022-1 A3DTD 02/23/2022 1.880% 05/15/2026
43815BAC4 360,000.00 AAA Aaa 2/15/2022 2/23/2022 359,945.86 1.88 300.80 359,947.16 354,650.15 HART 2021-C A3DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 330,000.00 AAA NR 11/9/2021 11/17/2021 329,926.34 0.75 108.53 329,932.40 316,912.99 FORDO 2022-A A3DTD 01/24/2022 1.290% 06/15/2026
345286AC2 155,000.00 AAA NR 1/19/2022 1/24/2022 154,981.59 1.29 88.87 154,982.36 149,284.31 CARMX 2021-3 A3DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 910,000.00 AAA Aaa 7/21/2021 7/28/2021 909,850.31 0.55 222.44 909,871.05 882,844.24 VALET 2021-1 A3DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 570,000.00 AAA Aaa 12/7/2021 12/13/202 569,977.66 1.02 177.65 569,979.13 550,404.65 DCENT 2021-A1 A1DTD 09/27/2021 0.580% 09/15/2026
254683CP8 405,000.00 AAA Aaa 9/20/2021 9/27/2021 404,913.29 0.58 104.40 404,922.18 384,058.79 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 425,000.00 AAA Aaa 10/19/202 10/27/202 424,991.97 0.77 145.44 424,992.67 406,494.35 GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 360,000.00 AAA Aaa 10/13/202 10/21/202 359,990.82 0.68 102.00 359,991.65 343,901.38 KCOT 2022-1A A3DTD 03/23/2022 2.670% 10/15/2026
50117EAC8 765,000.00 NR Aaa 3/15/2022 3/23/2022 764,890.61 2.67 453.90 764,891.20 755,077.11 WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 520,000.00 AAA NR 10/26/202 11/3/2021 519,929.18 0.81 187.20 519,935.02 499,564.31 HART 2022-A A3DTD 03/16/2022 2.220% 10/15/2026
448977AD0 815,000.00 AAA NR 3/9/2022 3/16/2022 814,968.62 2.22 753.88 814,968.92 804,994.00 COMET 2021-A3 A3DTD 11/30/2021 1.040% 11/16/2026
14041NFY2 895,000.00 AAA NR 11/18/2021 11/30/2021 894,876.67 1.04 413.69 894,884.97 857,043.14 GMCAR 2022-1 A3DTD 01/19/2022 1.260% 11/16/2026
380146AC4 325,000.00 AAA NR 1/11/2022 1/19/2022 324,971.76 1.26 170.63 324,972.91 316,321.40 43 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY1/3/2022 1/10/2022 200,000.00 14913R2S5 CATERPILLAR FINL SERVICE CORPORATE NOTES 0.95% 1/10/2024 199,968.00 0.96%1/3/2022 1/6/2022 1,450,000.00 91282CDN8 US TREASURY N/B NOTES 1.00% 12/15/2024 1,449,800.20 1.03%1/4/2022 1/10/2022 245,000.00 24422EVY2 JOHN DEERE CAPITAL CORP CORPORATE NOTES 1.25% 1/10/2025 244,884.85 1.27%1/6/2022 1/12/2022 750,000.00 21688AAS1 COOPERATIEVE RABOBANK UA CORPORATE 1.37% 1/10/2025 747,705.00 1.48%1/11/2022 1/19/2022 325,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 324,971.76 1.26%1/11/2022 1/13/2022 300,000.00 02665WEA5 AMERICAN HONDA FINANCE CORPORATE NOTES 1.50% 1/13/2025 299,763.00 1.53%1/18/2022 1/25/2022 150,000.00 17327CAN3 CITIGROUP INC CORP NOTES (CALLABLE) 2.01% 1/25/2026 150,000.00 2.01%1/19/2022 1/24/2022 155,000.00 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 154,981.59 1.29%1/19/2022 1/24/2022 500,000.00 38141GZH0 GOLDMAN SACHS GROUP INC CORPORATE NOTES 1.75% 1/24/2025 500,000.00 1.76%1/31/2022 2/7/2022 200,000.00 63743HFC1 NATIONAL RURAL UTIL COOP CORPORATE NOTES 1.87% 2/7/2025 199,994.00 1.88%2/2/2022 2/7/2022 300,000.00 857477BR3 STATE STREET CORP CORPORATE NOTES 1.74% 2/6/2026 300,000.00 1.75%2/3/2022 2/7/2022 150,000.00 857477BM4 STATE STREET CORP NOTES (CALLABLE) 2.90% 3/30/2026 156,108.61 2.13%2/4/2022 2/7/2022 750,000.00 91282CDS7 US TREASURY N/B NOTES 1.12% 1/15/2025 744,032.17 1.43%2/11/2022 2/15/2022 2,225,000.00 91282CDZ1 US TREASURY N/B NOTES 1.50% 2/15/2025 2,204,140.63 1.82%2/15/2022 2/23/2022 360,000.00 43815BAC4 HAROT 2022-1 A3 1.88% 5/15/2026 359,945.86 1.88%2/16/2022 2/18/2022 875,000.00 61747YEM3 MORGAN STANLEY CORP NOTES (CALLABLE) 2.63% 2/18/2026 875,000.00 2.63%2/17/2022 2/22/2022 700,000.00 857477BM4 STATE STREET CORP NOTES (CALLABLE) 2.90% 3/30/2026 722,100.98 2.38% 45 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY3/1/2022 3/4/2022 120,000.00 025816CQ0 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 2.25% 3/4/2025 119,878.80 2.29%3/3/2022 3/10/2022 1,885,000.00 771196BT8 ROCHE HOLDINGS INC (CALLABLE) CORPORATE 2.13% 3/10/2025 1,885,000.00 2.13%3/9/2022 3/16/2022 815,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 814,968.62 2.22%3/15/2022 3/23/2022 765,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 764,890.61 2.67%3/15/2022 3/23/2022 265,000.00 50117EAB0 KCOT 2022-1A A2 2.34% 4/15/2025 264,990.86 2.34%3/23/2022 3/30/2022 1,100,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 1,099,917.06 2.80%3/24/2022 3/28/2022 110,000.00 437076CM2 HOME DEPOT INC (CALLABLE) CORPORATE NOTE 2.70% 4/15/2025 109,807.50 2.76%3/28/2022 4/1/2022 355,000.00 05565EBZ7 BMW US CAPITAL LLC CORP NOTES (CALLABLE) 3.25% 4/1/2025 354,666.30 3.28%3/31/2022 4/7/2022 575,000.00 69371RR73 PACCAR FINANCIAL CORP CORPORATE NOTES 2.85% 4/7/2025 574,850.50 2.86% Total BUY 15,625,000.00 15,622,366.90 0.00
INTEREST1/1/2022 1/25/2022 138,549.35 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 585.241/1/2022 1/25/2022 283,955.24 3137FCM35 FHLMC MULTIFAMILY STRUCTURED P POOL 2.95% 2/1/2024 698.291/1/2022 1/1/2022 305,000.00 646140DN0 NJ TURNPIKE AUTHORITY TXBL REV BONDS 0.89% 1/1/2025 1,367.931/1/2022 1/25/2022 1,550,000.00 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 3,242.081/1/2022 1/25/2022 295,128.96 3136ABPW7 FNA 2013-M1 A2 2.36% 8/1/2022 581.561/1/2022 1/25/2022 630,762.22 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 1,427.63 46 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/1/2022 1/25/2022 1,000,000.00 3137AWQH1 FHLMC MULTIFAMILY STRUCTURED P 2.30% 8/1/2022 1,922.501/1/2022 1/1/2022 475,000.00 87612EBD7 TARGET CORP CORPORATE NOTES 3.50% 7/1/2024 8,312.501/1/2022 1/1/2022 300,000.00 13017HAJ5 CA ST EARTHQUAKE AUTH TXBL REV BONDS 1.32% 7/1/2022 1,990.501/1/2022 1/25/2022 227,098.41 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 431.491/1/2022 1/25/2022 19,317.00 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 51.561/1/2022 1/1/2022 165,000.00 20772KJU4 CT ST TXBL GO BONDS 2.50% 7/1/2022 2,062.501/1/2022 1/1/2022 395,000.00 341271AD6 FL ST BOARD OF ADMIN TXBL REV BONDS 1.25% 7/1/2025 2,484.551/1/2022 1/25/2022 130,961.50 3137B5JL8 FHLMC MULTIFAMILY STRUCTURED P 2.66% 2/1/2023 291.281/3/2022 1/3/2022 MONEY0002 MONEY MARKET FUND 5.811/5/2022 1/5/2022 250,000.00 24422EVH9 JOHN DEERE CAPITAL CORP CORPORATE NOTES 0.70% 7/5/2023 875.001/10/2022 1/10/2022 3,000,000.00 3135G05G4 FANNIE MAE NOTES 0.25% 7/10/2023 3,750.001/11/2022 1/11/2022 500,000.00 89236THU2 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES 0.45% 1/11/2024 1,125.001/15/2022 1/15/2022 315,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 99.751/15/2022 1/15/2022 325,000.00 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 130.001/15/2022 1/15/2022 330,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 203.501/15/2022 1/15/2022 149,420.01 43815NAC8 HAROT 2019-3 A3 1.78% 8/15/2023 221.641/15/2022 1/15/2022 68,740.19 89231PAD0 TOYOTA AUTO RECEIVABLES OWNER 3.18% 3/15/2023 182.16 47 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/15/2022 1/15/2022 72,688.42 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 161.131/15/2022 1/15/2022 114,500.84 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 239.501/15/2022 1/15/2022 137,987.17 65478NAD7 NAROT 2018-C A3 3.22% 6/15/2023 370.271/15/2022 1/15/2022 2,000,000.00 91282CBE0 US TREASURY NOTES 0.12% 1/15/2024 1,250.001/15/2022 1/15/2022 910,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 417.081/15/2022 1/15/2022 325,000.00 58769VAC4 MBART 2020-1 A3 0.55% 2/18/2025 148.961/15/2022 1/15/2022 437,058.00 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 688.371/15/2022 1/15/2022 895,000.00 14041NFY2 COMET 2021-A3 A3 1.04% 11/16/2026 1,163.501/15/2022 1/15/2022 475,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 205.831/15/2022 1/15/2022 520,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 351.001/15/2022 1/15/2022 555,000.00 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 259.001/15/2022 1/15/2022 325,558.19 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 523.611/15/2022 1/15/2022 275,000.00 65480EAD3 NALT 2020-B A3 0.43% 10/16/2023 98.541/15/2022 1/15/2022 330,000.00 50117TAC5 KCOT 2021-1A A3 0.62% 8/15/2025 170.501/15/2022 1/15/2022 145,000.00 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 48.331/15/2022 1/15/2022 350,000.00 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 145.831/15/2022 1/15/2022 435,000.00 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 257.38 48 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/15/2022 1/15/2022 405,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 195.751/15/2022 1/15/2022 291,398.70 34531KAD4 FORDO 2019-C A3 1.87% 3/15/2024 454.101/15/2022 1/15/2022 235,000.00 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 66.581/15/2022 1/15/2022 4,870,000.00 91282CCL3 US TREASURY N/B NOTES 0.37% 7/15/2024 9,131.251/15/2022 1/15/2022 126,816.44 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 247.291/15/2022 1/15/2022 215,205.09 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 335.361/15/2022 1/15/2022 32,262.56 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 84.151/15/2022 1/15/2022 127,224.20 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 308.521/15/2022 1/15/2022 416,965.14 65479CAD0 NAROT 2020-B A3 0.55% 7/15/2024 191.111/15/2022 1/15/2022 180,794.91 44891JAC2 HART 2019-B A3 1.94% 2/15/2024 292.291/15/2022 1/15/2022 400,000.00 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 210.001/15/2022 1/15/2022 425,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 272.711/15/2022 1/15/2022 325,000.00 14315FAD9 CARMX 2020-3 A3 0.62% 3/17/2025 167.921/15/2022 1/15/2022 92,105.45 58769QAC5 MBALT 2019-B A3 2.00% 10/17/2022 153.511/15/2022 1/15/2022 229,290.75 02007TAC9 ALLYA 2019-4 A3 1.84% 6/17/2024 351.581/15/2022 1/15/2022 73,727.45 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 162.201/16/2022 1/16/2022 33,907.47 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 85.33 49 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/16/2022 1/16/2022 360,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 204.001/16/2022 1/16/2022 130,215.02 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 322.281/16/2022 1/16/2022 600,000.00 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 225.001/16/2022 1/16/2022 240,277.97 36258NAC6 GMCAR 2020-1 A3 1.84% 9/16/2024 368.431/17/2022 1/17/2022 400,000.00 24422EVN6 JOHN DEERE CAPITAL CORP CORPORATE NOTES 0.45% 1/17/2024 900.001/18/2022 1/18/2022 69,653.22 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 164.271/18/2022 1/18/2022 285,000.00 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 87.881/20/2022 1/20/2022 245,000.00 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 91.881/20/2022 1/20/2022 375,000.00 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 578.131/20/2022 1/20/2022 350,000.00 36261RAC2 GMALT 2021-1 A3 0.26% 2/20/2024 75.831/20/2022 1/20/2022 111,483.75 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 184.881/20/2022 1/20/2022 55,716.15 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 150.901/20/2022 1/20/2022 560,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 219.331/20/2022 1/20/2022 395,000.00 89238EAC0 TLOT 2021-A A3 0.39% 4/22/2024 128.381/20/2022 1/20/2022 560,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 158.671/20/2022 1/20/2022 570,000.00 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 484.501/20/2022 1/20/2022 567,957.26 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 918.20 50 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST1/21/2022 1/21/2022 430,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 315.331/25/2022 1/25/2022 575,000.00 6174468W2 MORGAN STANLEY CORP NOTES (CALLABLE) 0.52% 1/25/2024 1,520.881/25/2022 1/25/2022 270,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 65.251/25/2022 1/25/2022 344,121.87 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 137.651/30/2022 1/30/2022 750,000.00 025816CG2 AMERICAN EXPRESS CO CORP NOTES (CALLABLE 2.50% 7/30/2024 9,375.002/1/2022 2/1/2022 MONEY0002 MONEY MARKET FUND 8.332/1/2022 2/25/2022 19,267.95 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 51.432/1/2022 2/25/2022 118,228.15 3137B5JL8 FHLMC MULTIFAMILY STRUCTURED P 2.66% 2/1/2023 262.962/1/2022 2/25/2022 1,550,000.00 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 3,242.082/1/2022 2/25/2022 593,227.92 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 1,342.672/1/2022 2/25/2022 127,093.42 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 221.572/1/2022 2/25/2022 226,593.99 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 451.622/1/2022 2/1/2022 305,000.00 54438CYH9 LOS ANGELES CCD, CA TXBL GO BONDS 0.44% 8/1/2023 677.102/1/2022 2/25/2022 1,000,000.00 3137AWQH1 FHLMC MULTIFAMILY STRUCTURED P 2.30% 8/1/2022 1,922.502/1/2022 2/25/2022 266,459.78 3136ABPW7 FNA 2013-M1 A2 2.36% 8/1/2022 525.072/1/2022 2/1/2022 800,000.00 574193TP3 MD ST TXBL GO BONDS 0.41% 8/1/2023 1,640.002/1/2022 2/1/2022 175,000.00 00724PAA7 ADOBE INC CORP NOTE 1.70% 2/1/2023 1,487.50 51 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/1/2022 2/25/2022 204,691.35 3137FCM35 FHLMC MULTIFAMILY STRUCTURED P POOL 2.95% 2/1/2024 503.372/8/2022 2/8/2022 265,000.00 63743HEU2 NATIONAL RURAL UTIL COOP CORPORATE NOTES 0.35% 2/8/2024 463.752/9/2022 2/9/2022 160,000.00 69371RR40 PACCAR FINANCIAL CORP CORPORATE NOTES 0.50% 8/9/2024 400.002/9/2022 2/9/2022 230,000.00 02665WDY4 AMERICAN HONDA FINANCE CORPORATE NOTES 0.75% 8/9/2024 718.752/11/2022 2/11/2022 110,000.00 69371RQ90 PACCAR FINANCIAL CORP CORPORATE NOTES 0.35% 8/11/2023 192.502/12/2022 2/12/2022 235,000.00 904764BN6 UNILEVER CAPITAL CORP (CALLABLE) CORPORA 0.62% 8/12/2024 735.552/12/2022 2/12/2022 300,000.00 05565EBU8 BMW US CAPITAL LLC CORPORATE NOTES 0.75% 8/12/2024 1,125.002/14/2022 2/14/2022 450,000.00 88579YBL4 3M COMPANY 1.75% 2/14/2023 3,937.502/15/2022 2/15/2022 263,564.73 34531KAD4 FORDO 2019-C A3 1.87% 3/15/2024 410.722/15/2022 2/15/2022 275,000.00 65480EAD3 NALT 2020-B A3 0.43% 10/16/2023 98.542/15/2022 2/15/2022 98,720.25 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 206.492/15/2022 2/15/2022 19,455.33 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 50.752/15/2022 2/15/2022 319,726.90 14315FAD9 CARMX 2020-3 A3 0.62% 3/17/2025 165.192/15/2022 2/15/2022 206,851.37 02007TAC9 ALLYA 2019-4 A3 1.84% 6/17/2024 317.172/15/2022 2/15/2022 196,872.28 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 306.792/15/2022 2/15/2022 315,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 99.752/15/2022 2/15/2022 3,800,000.00 91282CCT6 US TREASURY N/B NOTES 0.37% 8/15/2024 7,125.00 52 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/15/2022 2/15/2022 57,286.42 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 126.982/15/2022 2/15/2022 55,097.37 58769QAC5 MBALT 2019-B A3 2.00% 10/17/2022 91.832/15/2022 2/15/2022 425,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 272.712/15/2022 2/15/2022 105,660.57 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 206.042/15/2022 2/15/2022 895,000.00 14041NFY2 COMET 2021-A3 A3 1.04% 11/16/2026 775.672/15/2022 2/15/2022 435,000.00 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 257.382/15/2022 2/15/2022 330,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 203.502/15/2022 2/15/2022 350,000.00 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 145.832/15/2022 2/15/2022 384,416.09 65479CAD0 NAROT 2020-B A3 0.55% 7/15/2024 176.192/15/2022 2/15/2022 475,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 205.832/15/2022 2/15/2022 61,999.89 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 136.402/15/2022 2/15/2022 520,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 351.002/15/2022 2/15/2022 296,471.10 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 476.822/15/2022 2/15/2022 396,595.72 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 208.212/15/2022 2/15/2022 303,251.41 58769VAC4 MBART 2020-1 A3 0.55% 2/18/2025 138.992/15/2022 2/15/2022 155,000.00 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 116.642/15/2022 2/15/2022 145,000.00 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 48.33 53 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/15/2022 2/15/2022 108,140.39 65478NAD7 NAROT 2018-C A3 3.22% 6/15/2023 290.182/15/2022 2/15/2022 910,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 417.082/15/2022 2/15/2022 405,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 195.752/15/2022 2/15/2022 2,650,000.00 91282CBM2 US TREASURY NOTES 0.12% 2/15/2024 1,656.252/15/2022 2/15/2022 330,000.00 50117TAC5 KCOT 2021-1A A3 0.62% 8/15/2025 170.502/15/2022 2/15/2022 159,470.80 44891JAC2 HART 2019-B A3 1.94% 2/15/2024 257.812/15/2022 2/15/2022 104,959.98 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 254.532/15/2022 2/15/2022 407,504.74 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 641.822/15/2022 2/15/2022 235,000.00 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 66.582/15/2022 2/15/2022 132,562.01 43815NAC8 HAROT 2019-3 A3 1.78% 8/15/2023 196.632/15/2022 2/15/2022 314,005.65 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 125.602/15/2022 2/15/2022 47,685.98 89231PAD0 TOYOTA AUTO RECEIVABLES OWNER 3.18% 3/15/2023 126.372/15/2022 2/15/2022 555,000.00 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 259.002/16/2022 2/16/2022 600,000.00 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 225.002/16/2022 2/16/2022 221,203.11 36258NAC6 GMCAR 2020-1 A3 1.84% 9/16/2024 339.182/16/2022 2/16/2022 325,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 307.132/16/2022 2/16/2022 102,414.01 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 253.47 54 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/16/2022 2/16/2022 18,599.04 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 46.812/16/2022 2/16/2022 475,000.00 46647PBY1 JPMORGAN CHASE & CO CORP NOTES (CALLABLE 0.56% 2/16/2025 1,337.132/16/2022 2/16/2022 360,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 204.002/18/2022 2/18/2022 56,701.50 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 133.722/18/2022 2/18/2022 285,000.00 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 87.882/20/2022 2/20/2022 560,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 158.672/20/2022 2/20/2022 30,182.55 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 81.742/20/2022 2/20/2022 68,954.53 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 114.352/20/2022 2/20/2022 350,000.00 36261RAC2 GMALT 2021-1 A3 0.26% 2/20/2024 75.832/20/2022 2/20/2022 375,000.00 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 578.132/20/2022 2/20/2022 245,000.00 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 91.882/20/2022 2/20/2022 395,000.00 89238EAC0 TLOT 2021-A A3 0.39% 4/22/2024 128.382/20/2022 2/20/2022 570,000.00 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 484.502/20/2022 2/20/2022 560,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 219.332/20/2022 2/20/2022 497,226.45 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 803.852/21/2022 2/21/2022 430,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 315.332/24/2022 2/24/2022 2,575,000.00 3137EAEV7 FREDDIE MAC NOTES 0.25% 8/24/2023 3,218.75 55 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST2/25/2022 2/25/2022 270,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 65.252/25/2022 2/25/2022 500,000.00 89236THA6 TOYOTA MOTOR CREDIT CORP CORPORATE NOTES 1.35% 8/25/2023 3,375.002/25/2022 2/25/2022 318,641.44 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 127.463/1/2022 3/25/2022 225,911.22 3136ABPW7 FNA 2013-M1 A2 2.36% 8/1/2022 445.163/1/2022 3/25/2022 1,000,000.00 3137AWQH1 FHLMC MULTIFAMILY STRUCTURED P 2.30% 8/1/2022 1,922.503/1/2022 3/25/2022 199,240.33 3137FCM35 FHLMC MULTIFAMILY STRUCTURED P POOL 2.95% 2/1/2024 489.973/1/2022 3/25/2022 461,665.62 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 1,044.903/1/2022 3/25/2022 217,104.00 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 412.503/1/2022 3/25/2022 19,218.64 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 51.303/1/2022 3/1/2022 MONEY0002 MONEY MARKET FUND 9.913/1/2022 4/14/2022 1,550,000.00 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 3,242.083/1/2022 3/25/2022 126,661.60 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 323.813/1/2022 3/25/2022 105,452.16 3137B5JL8 FHLMC MULTIFAMILY STRUCTURED P 2.66% 2/1/2023 234.543/5/2022 3/5/2022 575,000.00 06051GHF9 BANK OF AMERICA CORP NOTE 3.55% 3/5/2024 10,206.253/8/2022 3/8/2022 5,735,000.00 3137EAEW5 FREDDIE MAC NOTES 0.25% 9/8/2023 7,168.753/13/2022 3/13/2022 710,000.00 14913R2P1 CATERPILLAR FINL SERVICE CORPORATE NOTES 0.60% 9/13/2024 2,118.173/14/2022 3/14/2022 1,075,000.00 641062AU8 NESTLE HOLDINGS INC CORP NOTES (CALLABLE 0.60% 9/14/2024 3,257.25 56 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/15/2022 3/15/2022 83,848.57 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 175.383/15/2022 3/15/2022 7,415.09 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 19.343/15/2022 3/15/2022 435,000.00 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 257.383/15/2022 3/15/2022 520,000.00 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 351.003/15/2022 3/15/2022 116,494.92 43815NAC8 HAROT 2019-3 A3 1.78% 8/15/2023 172.803/15/2022 3/15/2022 555,000.00 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 259.003/15/2022 3/15/2022 330,000.00 50117TAC5 KCOT 2021-1A A3 0.62% 8/15/2025 170.503/15/2022 3/15/2022 360,000.00 43815BAC4 HAROT 2022-1 A3 1.88% 5/15/2026 413.603/15/2022 3/15/2022 275,000.00 65480EAD3 NALT 2020-B A3 0.43% 10/16/2023 98.543/15/2022 3/15/2022 27,689.64 89231PAD0 TOYOTA AUTO RECEIVABLES OWNER 3.18% 3/15/2023 73.383/15/2022 3/15/2022 350,000.00 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 145.833/15/2022 3/15/2022 80,574.89 65478NAD7 NAROT 2018-C A3 3.22% 6/15/2023 216.213/15/2022 3/15/2022 373,221.05 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 195.943/15/2022 3/15/2022 405,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 195.753/15/2022 3/15/2022 910,000.00 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 417.083/15/2022 3/15/2022 145,000.00 58769EAC2 MBALT 2020-B A3 0.40% 11/15/2023 48.333/15/2022 3/15/2022 186,976.54 02007TAC9 ALLYA 2019-4 A3 1.84% 6/17/2024 286.70 57 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/15/2022 3/15/2022 291,522.07 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 116.613/15/2022 3/15/2022 235,000.00 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 66.583/15/2022 3/15/2022 381,180.13 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 600.363/15/2022 3/15/2022 895,000.00 14041NFY2 COMET 2021-A3 A3 1.04% 11/16/2026 775.673/15/2022 3/15/2022 315,000.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 99.753/15/2022 3/15/2022 475,000.00 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 205.833/15/2022 3/15/2022 51,402.54 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 113.093/15/2022 3/15/2022 353,088.82 65479CAD0 NAROT 2020-B A3 0.55% 7/15/2024 161.833/15/2022 3/15/2022 330,000.00 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 203.503/15/2022 3/15/2022 425,000.00 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 272.713/15/2022 3/15/2022 42,926.08 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 95.153/15/2022 3/15/2022 2,400,000.00 91282CBR1 US TREASURY NOTES 0.25% 3/15/2024 3,000.003/15/2022 3/15/2022 155,000.00 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 166.633/15/2022 3/15/2022 140,452.86 44891JAC2 HART 2019-B A3 1.94% 2/15/2024 227.073/15/2022 3/15/2022 84,547.96 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 205.033/15/2022 3/15/2022 281,804.38 58769VAC4 MBART 2020-1 A3 0.55% 2/18/2025 129.163/15/2022 3/15/2022 238,240.99 34531KAD4 FORDO 2019-C A3 1.87% 3/15/2024 371.26 58 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/15/2022 3/15/2022 85,638.36 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 166.993/15/2022 3/15/2022 320,000.00 650036DR4 NY ST URBAN DEV CORP TXBL REV BONDS 0.48% 3/15/2023 768.003/15/2022 3/15/2022 3,000,000.00 91282CCX7 US TREASURY N/B NOTES 0.37% 9/15/2024 5,625.003/15/2022 3/15/2022 298,708.05 14315FAD9 CARMX 2020-3 A3 0.62% 3/17/2025 154.333/15/2022 3/15/2022 268,851.29 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 432.403/15/2022 3/15/2022 179,454.64 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 279.653/15/2022 3/15/2022 19,628.05 58769QAC5 MBALT 2019-B A3 2.00% 10/17/2022 32.713/15/2022 3/15/2022 975,000.00 650036DS2 NY ST URBAN DEV CORP TXBL REV BONDS 0.62% 3/15/2024 3,022.503/16/2022 3/16/2022 76,066.97 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 188.273/16/2022 3/16/2022 4,189.80 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 10.543/16/2022 3/16/2022 700,000.00 46647PBZ8 JPMORGAN CHASE & CO CORPORATE NOTES (CAL 0.69% 3/16/2024 2,439.503/16/2022 3/16/2022 325,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 341.253/16/2022 3/16/2022 360,000.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 204.003/16/2022 3/16/2022 203,613.80 36258NAC6 GMCAR 2020-1 A3 1.84% 9/16/2024 312.213/16/2022 3/16/2022 580,763.09 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 217.793/17/2022 3/17/2022 1,125,000.00 22552G3C2 CREDIT SUISSE NEW YORK CERT DEPOS 0.59% 3/17/2023 6,619.063/18/2022 3/18/2022 465,000.00 808513BN4 CHARLES SCHWAB CORP NOTES (CALLABLE) 0.75% 3/18/2024 1,743.75 59 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/18/2022 3/18/2022 285,000.00 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 87.883/18/2022 3/18/2022 44,462.01 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 104.863/20/2022 3/20/2022 560,000.00 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 219.333/20/2022 3/20/2022 441,451.40 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 713.683/20/2022 3/20/2022 350,000.00 36261RAC2 GMALT 2021-1 A3 0.26% 2/20/2024 75.833/20/2022 3/20/2022 395,000.00 89238EAC0 TLOT 2021-A A3 0.39% 4/22/2024 128.383/20/2022 3/20/2022 560,000.00 380144AC9 GMALT 2021-2 A3 0.34% 5/20/2024 158.673/20/2022 3/20/2022 30,033.33 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 49.813/20/2022 3/20/2022 6,388.00 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 17.303/20/2022 3/20/2022 570,000.00 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 484.503/20/2022 3/20/2022 335,958.64 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 517.943/20/2022 3/20/2022 222,088.45 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 83.283/21/2022 3/21/2022 430,000.00 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 315.333/23/2022 3/23/2022 1,455,000.00 4581X0DZ8 INTER-AMERICAN DEVEL BK NOTES 0.50% 9/23/2024 3,637.503/25/2022 3/25/2022 270,000.00 05591RAC8 BMWLT 2021-1 A3 0.29% 1/25/2024 65.253/25/2022 3/25/2022 293,153.12 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 117.263/30/2022 3/30/2022 850,000.00 857477BM4 STATE STREET CORP NOTES (CALLABLE) 2.90% 3/30/2026 12,329.25 60 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST3/31/2022 3/31/2022 2,250,000.00 91282CDA6 US TREASURY NOTES 0.25% 9/30/2023 2,812.50 Total INTEREST 113,042,722.17 203,697.07 0.00
MATURITY1/27/2022 1/27/2022 400,000.00 38141GXP4 GOLDMAN SACHS GROUP INC NOTES (CALLED,OM 0.48% 1/27/2022 400,962.002/24/2022 2/24/2022 275,000.00 69353RFT0 PNC BANK NA CORP NOTES (CALLED, OMD 2/24 1.74% 2/24/2022 277,396.63 Total MATURITY 675,000.00 678,358.63 0.00
PAYDOWNS1/1/2022 1/25/2022 11,455.93 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 11,455.931/1/2022 1/25/2022 37,534.30 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 37,534.301/1/2022 1/25/2022 504.42 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 504.421/1/2022 1/25/2022 49.05 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 49.051/1/2022 1/25/2022 28,669.18 3136ABPW7 FNA 2013-M1 A2 2.36% 8/1/2022 28,669.181/1/2022 1/25/2022 12,733.35 3137B5JL8 FHLMC MULTIFAMILY STRUCTURED P 2.66% 2/1/2023 12,733.351/1/2022 1/25/2022 79,263.89 3137FCM35 FHLMC MULTIFAMILY STRUCTURED P POOL 2.95% 2/1/2024 79,263.891/15/2022 1/15/2022 21,155.87 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 21,155.871/15/2022 1/15/2022 11,727.56 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 11,727.561/15/2022 1/15/2022 15,402.00 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 15,402.00 61 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS1/15/2022 1/15/2022 21,054.21 89231PAD0 TOYOTA AUTO RECEIVABLES OWNER 3.18% 3/15/2023 21,054.211/15/2022 1/15/2022 21,324.11 44891JAC2 HART 2019-B A3 1.94% 2/15/2024 21,324.111/15/2022 1/15/2022 29,846.78 65478NAD7 NAROT 2018-C A3 3.22% 6/15/2023 29,846.781/15/2022 1/15/2022 3,404.28 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 3,404.281/15/2022 1/15/2022 32,549.05 65479CAD0 NAROT 2020-B A3 0.55% 7/15/2024 32,549.051/15/2022 1/15/2022 37,008.08 58769QAC5 MBALT 2019-B A3 2.00% 10/17/2022 37,008.081/15/2022 1/15/2022 22,264.22 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 22,264.221/15/2022 1/15/2022 16,858.00 43815NAC8 HAROT 2019-3 A3 1.78% 8/15/2023 16,858.001/15/2022 1/15/2022 15,780.59 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 15,780.591/15/2022 1/15/2022 27,833.97 34531KAD4 FORDO 2019-C A3 1.87% 3/15/2024 27,833.971/15/2022 1/15/2022 18,332.81 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 18,332.811/15/2022 1/15/2022 10,994.35 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 10,994.351/15/2022 1/15/2022 22,439.38 02007TAC9 ALLYA 2019-4 A3 1.84% 6/17/2024 22,439.381/15/2022 1/15/2022 5,273.10 14315FAD9 CARMX 2020-3 A3 0.62% 3/17/2025 5,273.101/15/2022 1/15/2022 12,807.23 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 12,807.231/15/2022 1/15/2022 29,087.09 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 29,087.091/15/2022 1/15/2022 29,553.26 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 29,553.26 62 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS1/15/2022 1/15/2022 21,748.59 58769VAC4 MBART 2020-1 A3 0.55% 2/18/2025 21,748.591/16/2022 1/16/2022 19,074.86 36258NAC6 GMCAR 2020-1 A3 1.84% 9/16/2024 19,074.861/16/2022 1/16/2022 15,308.43 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 15,308.431/16/2022 1/16/2022 27,801.01 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 27,801.011/18/2022 1/18/2022 12,951.72 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 12,951.721/20/2022 1/20/2022 25,533.60 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 25,533.601/20/2022 1/20/2022 42,529.22 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 42,529.221/20/2022 1/20/2022 70,730.81 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 70,730.811/25/2022 1/25/2022 25,480.43 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 25,480.432/1/2022 2/25/2022 9,489.99 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 9,489.992/1/2022 2/25/2022 40,548.56 3136ABPW7 FNA 2013-M1 A2 2.36% 8/1/2022 40,548.562/1/2022 2/25/2022 131,562.30 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 131,562.302/1/2022 2/25/2022 5,451.02 3137FCM35 FHLMC MULTIFAMILY STRUCTURED P POOL 2.95% 2/1/2024 5,451.022/1/2022 2/25/2022 12,775.99 3137B5JL8 FHLMC MULTIFAMILY STRUCTURED P 2.66% 2/1/2023 12,775.992/1/2022 2/25/2022 49.31 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 49.312/1/2022 2/25/2022 431.82 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 431.822/15/2022 2/15/2022 20,412.02 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 20,412.02 63 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS2/15/2022 2/15/2022 12,040.24 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 12,040.242/15/2022 2/15/2022 25,323.74 34531KAD4 FORDO 2019-C A3 1.87% 3/15/2024 25,323.742/15/2022 2/15/2022 22,483.58 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 22,483.582/15/2022 2/15/2022 23,374.67 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 23,374.672/15/2022 2/15/2022 27,619.81 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 27,619.812/15/2022 2/15/2022 19,874.83 02007TAC9 ALLYA 2019-4 A3 1.84% 6/17/2024 19,874.832/15/2022 2/15/2022 14,360.34 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 14,360.342/15/2022 2/15/2022 21,447.03 58769VAC4 MBART 2020-1 A3 0.55% 2/18/2025 21,447.032/15/2022 2/15/2022 31,327.27 65479CAD0 NAROT 2020-B A3 0.55% 7/15/2024 31,327.272/15/2022 2/15/2022 27,565.50 65478NAD7 NAROT 2018-C A3 3.22% 6/15/2023 27,565.502/15/2022 2/15/2022 16,067.09 43815NAC8 HAROT 2019-3 A3 1.78% 8/15/2023 16,067.092/15/2022 2/15/2022 14,871.68 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 14,871.682/15/2022 2/15/2022 19,017.94 44891JAC2 HART 2019-B A3 1.94% 2/15/2024 19,017.942/15/2022 2/15/2022 20,022.21 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 20,022.212/15/2022 2/15/2022 21,018.85 14315FAD9 CARMX 2020-3 A3 0.62% 3/17/2025 21,018.852/15/2022 2/15/2022 35,469.32 58769QAC5 MBALT 2019-B A3 2.00% 10/17/2022 35,469.322/15/2022 2/15/2022 19,996.34 89231PAD0 TOYOTA AUTO RECEIVABLES OWNER 3.18% 3/15/2023 19,996.34 64 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS2/15/2022 2/15/2022 10,597.35 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 10,597.352/15/2022 2/15/2022 17,417.64 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 17,417.642/15/2022 2/15/2022 26,324.61 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 26,324.612/16/2022 2/16/2022 17,589.31 36258NAC6 GMCAR 2020-1 A3 1.84% 9/16/2024 17,589.312/16/2022 2/16/2022 14,409.24 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 14,409.242/16/2022 2/16/2022 19,236.91 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 19,236.912/16/2022 2/16/2022 26,347.04 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 26,347.042/18/2022 2/18/2022 12,239.49 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 12,239.492/20/2022 2/20/2022 55,775.05 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 55,775.052/20/2022 2/20/2022 23,794.55 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 23,794.552/20/2022 2/20/2022 38,921.20 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 38,921.202/20/2022 2/20/2022 39,041.36 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 39,041.362/20/2022 2/20/2022 22,911.55 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 22,911.552/25/2022 2/25/2022 25,488.32 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 25,488.323/1/2022 3/25/2022 1,656.71 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 1,656.713/1/2022 3/25/2022 551.39 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 551.393/1/2022 3/25/2022 59.48 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 59.48 65 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS3/1/2022 3/25/2022 23,435.33 3137FQ3V3 FHMS KJ27 A1 2.09% 7/1/2024 23,435.333/1/2022 3/25/2022 25,304.81 3136ABPW7 FNA 2013-M1 A2 2.36% 8/1/2022 25,304.813/1/2022 3/25/2022 116,241.53 3137BLUR7 FHLMC MULTIFAMILY STRUCTURED P 2.71% 6/1/2022 116,241.533/1/2022 3/25/2022 6,627.94 3137FCM35 FHLMC MULTIFAMILY STRUCTURED P POOL 2.95% 2/1/2024 6,627.943/1/2022 3/25/2022 177.51 3137B1BS0 FHLMC MULTIFAMILY STRUCTURED P 2.51% 11/1/2022 177.513/1/2022 3/25/2022 14,866.89 3137B5JL8 FHLMC MULTIFAMILY STRUCTURED P 2.66% 2/1/2023 14,866.893/15/2022 3/15/2022 25,981.34 14315XAC2 CARMX 2020-1 A3 1.89% 12/16/2024 25,981.343/15/2022 3/15/2022 25,816.64 65478NAD7 NAROT 2018-C A3 3.22% 6/15/2023 25,816.643/15/2022 3/15/2022 7,415.09 14313FAD1 CARMAX AUTO OWNER TRUST 3.13% 6/15/2023 7,415.093/15/2022 3/15/2022 17,789.99 89231PAD0 TOYOTA AUTO RECEIVABLES OWNER 3.18% 3/15/2023 17,789.993/15/2022 3/15/2022 22,223.60 44933FAC0 HART 2020-B A3 0.48% 12/16/2024 22,223.603/15/2022 3/15/2022 10,176.05 31680YAD9 FIFTH THIRD AUTO TRUST 2.64% 12/15/2023 10,176.053/15/2022 3/15/2022 21,355.93 58769VAC4 MBART 2020-1 A3 0.55% 2/18/2025 21,355.933/15/2022 3/15/2022 13,182.81 44932NAD2 HYUNDAI AUTO RECEIVABLES TRUST 2.66% 6/15/2023 13,182.813/15/2022 3/15/2022 14,195.86 14042WAC4 COPAR 2019-1 A3 2.51% 11/15/2023 14,195.863/15/2022 3/15/2022 3,278.98 65480EAD3 NALT 2020-B A3 0.43% 10/16/2023 3,278.983/15/2022 3/15/2022 25,739.06 34531KAD4 FORDO 2019-C A3 1.87% 3/15/2024 25,739.06 66 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS3/15/2022 3/15/2022 14,952.52 43815NAC8 HAROT 2019-3 A3 1.78% 8/15/2023 14,952.523/15/2022 3/15/2022 19,795.00 41284WAC4 HDMOT 2019-A A3 2.34% 2/15/2024 19,795.003/15/2022 3/15/2022 17,156.82 41284UAD6 HDMOT 2020-A A3 1.87% 10/15/2024 17,156.823/15/2022 3/15/2022 23,812.82 65479JAD5 NAROT 2019-C A3 1.93% 7/15/2024 23,812.823/15/2022 3/15/2022 22,494.61 98163WAC0 WOART 2020-B A3 0.63% 5/15/2025 22,494.613/15/2022 3/15/2022 20,075.65 02004WAC5 ALLYA 2019-1 A3 2.91% 9/15/2023 20,075.653/15/2022 3/15/2022 29,212.22 65479CAD0 NAROT 2020-B A3 0.55% 7/15/2024 29,212.223/15/2022 3/15/2022 19,628.05 58769QAC5 MBALT 2019-B A3 2.00% 10/17/2022 19,628.053/15/2022 3/15/2022 20,112.27 02007TAC9 ALLYA 2019-4 A3 1.84% 6/17/2024 20,112.273/15/2022 3/15/2022 17,059.17 44891JAC2 HART 2019-B A3 1.94% 2/15/2024 17,059.173/15/2022 3/15/2022 20,360.34 14315FAD9 CARMX 2020-3 A3 0.62% 3/17/2025 20,360.343/16/2022 3/16/2022 23,621.38 36256XAD4 GMCAR 2019-1 A3 2.97% 11/16/2023 23,621.383/16/2022 3/16/2022 34,401.45 362590AC5 GMCAR 2020-3 A3 0.45% 4/16/2025 34,401.453/16/2022 3/16/2022 17,152.74 36258NAC6 GMCAR 2020-1 A3 1.84% 9/16/2024 17,152.743/16/2022 3/16/2022 4,189.80 36255JAD6 GMCAR 2018-3 A3 3.02% 5/16/2023 4,189.803/18/2022 3/18/2022 11,765.60 43814WAC9 HAROT 2019-1 A3 2.83% 3/20/2023 11,765.603/20/2022 3/20/2022 6,388.00 92869BAD4 VALET 2018-2 A3 3.25% 4/20/2023 6,388.00 67 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS3/20/2022 3/20/2022 19,068.02 362569AC9 GMALT 2020-3 A3 0.45% 8/21/2023 19,068.023/20/2022 3/20/2022 49,768.68 92348AAA3 VZOT 2019-C A1A 1.94% 4/22/2024 49,768.683/20/2022 3/20/2022 35,377.93 92348TAA2 VZOT 2020-A A1A 1.85% 7/22/2024 35,377.933/20/2022 3/20/2022 30,033.33 92867XAD8 VWALT 2019-A A3 1.99% 11/21/2022 30,033.333/25/2022 3/25/2022 21,968.18 09661RAD3 BMWOT 2020-A A3 0.48% 10/25/2024 21,968.18 Total PAYDOWNS 2,633,231.32 2,633,231.32 0.00
SELL1/5/2022 1/6/2022 750,000.00 91282CBU4 US TREASURY NOTES 0.12% 3/31/2023 746,531.70 -3,540.501/5/2022 1/6/2022 700,000.00 91282CBU4 US TREASURY NOTES 0.12% 3/31/2023 696,762.92 -3,213.281/7/2022 1/10/2022 600,000.00 459200HG9 IBM CORP NOTES 1.87% 8/1/2022 609,672.75 5,089.781/10/2022 1/12/2022 100,000.00 589331AT4 MERCK & CO INC CORP NOTES 2.40% 9/15/2022 101,624.00 1,040.421/10/2022 1/12/2022 350,000.00 06406RAM9 BANK OF NY MELLON CORP NOTES (CALLABLE) 1.85% 1/27/2023 357,591.21 4,708.521/11/2022 1/13/2022 300,000.00 912828Q29 US TREASURY NOTES 1.50% 3/31/2023 304,567.61 765.171/20/2022 1/24/2022 750,000.00 06406RAM9 BANK OF NY MELLON CORP NOTES (CALLABLE) 1.85% 1/27/2023 765,409.38 3,905.001/20/2022 1/24/2022 100,000.00 06406RAM9 BANK OF NY MELLON CORP NOTES (CALLABLE) 1.85% 1/27/2023 102,054.58 1,168.532/4/2022 2/7/2022 325,000.00 912828Q29 US TREASURY NOTES 1.50% 3/31/2023 329,026.23 -274.452/7/2022 2/9/2022 165,000.00 20772KJU4 CT ST TXBL GO BONDS 2.50% 7/1/2022 166,644.87 683.99 68 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Appendix
|
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bankis a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sourcesexternal to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers arefor illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion ofthe strategy rated by a NRSRO.It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any salescharges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to belower than the performance shown.The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion asof the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actualevents occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and datapresented are not necessarily indicative of future events or expected performance.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.© 2022 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 70 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Appendix
|
Important Disclosures
Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimatedmarket value.

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

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

Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.Money market fund/cash balances are included in performance and duration computations.Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.MBS maturities are represented by expected average life. 71 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Appendix
|
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.Agencies: Federal agency securities and/or Government-sponsored enterprises.Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

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

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector addedor subtracted from the overall portfolio performance.Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compoundingon investment returns, while nominal yield does not.FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.Interest Rate: Interest per year divided by principal amount and expressed as a percentage.Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.Maturity: The date upon which the principal or stated value of an investment becomes due and payable.Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.Par Value: The nominal dollar face amount of a security.Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is themortgage-backed security. 72 ATTACHMENT
1 © PFM Asset Management LLC pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2022
Appendix
|
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments andmaturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whosedecisions are binding on its members.Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.U.S. Treasury: The department of the U.S. government that issues Treasury securities.Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time periodfrom purchase date to maturity, stated as a percentage on an annualized basis.YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the timeperiod remaining until maturity, stated as a percentage on an annualized basis. 73 ATTACHMENT
1

Manteca City CouncilMay 17, 2022

Manteca City Council
May 17, 2022