Attachment 1 - Investment Report March 31, 2025 — Manteca City Council, June 17, 2025

Investment Performance Review
For the Quarter Ended March 31, 2025
Client Management Team PFM Asset Management A division of U.S. Bancorp Asset Management, Inc Monique Spyke, Managing Director
Justin Resuello, Institutional Sales & Relationship Manager Allison Kaune, Institutional Sales & Relationship Manager 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
Market Summary
PFM Asset Management | pfmam.com
For the Quarter Ended March 31, 2025
QUARTERLY MARKET SUMMARY Fixed Income Management
Summary
► The first quarter of 2025 was characterized by uncertainty and worsening consumer sentiment due to the volatile rollout of the new administration’s policies.

Pro-growth fiscal policies proposed on the campaign trail including tax cuts and deregulation have yet to be realized, leaving rapidly changing tariff policy to weigh on growth prospects. Escalating trade tensions from tariffs have increased the probability of a U.S. economic recession in 2025.
► Progress towards the Federal Reserve’s (Fed) 2% target remains stalled with goods inflation moving higher even before tariff policies were enacted. Fed Chair Powell noted economic data has not yet reflected tariffs and reiterated it will be difficult to directly project the impact of these policies on prices. Tariff concerns among consumers appear to be rising, as expectations for inflation over the next 12 months reached their highest levels since early 2023.
► The labor market remains surprisingly resilient with both initial jobless claims and the unemployment rate at historically low levels. Additionally, monthly job gains continue to keep pace with labor force growth. With quits and hiring rates low, any acceleration in layoffs may result in job seekers remaining unemployed for longer.

Federal job cuts and funding freezes could impact the hiring plans of sectors such as healthcare and higher education which rely on government funding. The impact of immigration policy remains unknown.
► The Fed left the overnight policy rate range unchanged at 4.25% - 4.50%. While the Fed’s updated March “dot plot” continues to suggest 50 basis points (bps) of rate cuts in 2025, Fed Chair Powell indicated there is heightened risk and more uncertainty due to the new administration’s policies.
► Sentiment has meaningfully deteriorated as consumers expect higher prices and weaker labor market conditions as tariffs weigh on the pace of economic growth.

A material deterioration of labor market conditions remains the biggest risk factor to consumer spending. Other headwinds include slower real wage growth and a reduced willingness and ability to spend as prices move higher due to tariffs.

Economic Snapshot
► U.S. inflation readings remained ‘sticky’ during Q1 and did not show meaningful progress towards the Fed’s 2% target. Goods inflation, which had been a detractor from inflation, increased at the beginning of the year and will continue to be a headwind given the expected impact of tariffs on goods prices. Core CPI, which excludes the volatile food and energy components, remained above 3% and ended the quarter at 3.1% annualized YoY while headline CPI sits at 2.8%. ► U.S. real gross domestic product (GDP) remained strong in Q4, with final estimates showing growth of 2.4%. Personal consumption remained strong and grew at the fastest pace in years. The implementation of expansive tariff policy serves as a headwind moving forward, with many Wall Street firms forecasting lower growth and higher inflation for the balance of the year.

Interest Rates
► U.S. Treasury yields moved lower in response to deteriorating growth expectations over the near term. While the Fed held rates steady over the quarter, futures markets are pricing in four 25 bps rate cuts for 2025. ► The yield on the 2-, 5-, and 10-year Treasuries ended the quarter at 3.88%,

3.95%, and 4.21%. This represents a decline of 36 bps, 43 bps, and 36 bps, respectively. The 3-month Treasury was relatively unchanged given no rate cuts from the Fed.
► As a result of lower yields, U.S. Treasury indexes generated positive total returns for the quarter. The ICE BofA 2-, 5-, and 10-year U.S. Treasury indexes returned

1.56%, 2.93%, and 4.01% for the quarter, while the shorter-duration ICE BofA 3-month U.S. Treasury index returned 1.02%.

Sector Performance
► Excess returns were mixed across investment grade sectors as wider economic uncertainty opened the door for modest spread widening off recent lows despite strong investor demand.
► Federal agency & supranational spreads remained low and rangebound throughout Q1. Federal agencies produced modestly negative excess returns while supranationals were slightly positive. Issuance remained light and incremental income from the sectors is near zero.
► Investment-grade (IG) corporate bonds inside 10 years produced positive excess returns as much of the spread widening seen during the second half of the quarter was offset by higher incremental income. Excess returns of financial and banking issuers continued to lead most other industries during the quarter. ► Asset-backed securities (ABS) spreads widened modestly from the impact of heavy new issuance and a moderate deterioration of credit fundamentals. ABS spreads widened more than corporate spreads, resulting in worse performance over the quarter, but better relative value going forward. ABS excess returns were generally negative for the quarter, with credit cards outperforming automobile collateral.
► Mortgage-backed securities (MBS) performance was mixed across structure and coupon during Q1 as heightened rate volatility persisted. Shorter, 15-year collateral MBS posted positive excess returns while longer, 30-year collateral MBS were firmly negative during Q1. Agency-backed commercial MBS (CMBS) saw positive excess returns across collateral and coupon structures.
► Short-term credit (commercial paper and negotiable bank CDs) yields on the front end fell in response to downward pressure from a paydown in the supply of U.S.

Treasury Bills. Yield spreads tightened over the quarter in response to moderated issuance and strong demand.

PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc. | For Institutional Investor or Investment Professional Use Only This material is not for inspection by, distribution to, or quotation to the general public. 1 For the Quarter Ended March 31, 2025
QUARTERLY MARKET SUMMARY Fixed Income Management
Economic Snapshot
Labor Market Dec '24 Mar '24
Unemployment Rate Mar-25 4.2% 4.1% 3.9%
Change In Non-Farm Payrolls Mar-25 228,000 323,000 246,000 Average Hourly Earnings (YoY) Mar-25 3.8% 4.0% 4.2%
Personal Income (YoY) Feb-25 4.6% 4.9% 5.9%
Initial Jobless Claims (week) 4/5/25 223,000 209,000 223,000 Growth
Real GDP (QoQ SAAR) 2025Q4 2.4% 3.1% 3.2%
GDP Personal Consumption (QoQ SAAR) 2025Q4 4.0% 3.7% 3.5% Retail Sales (YoY) Feb-25 3.1% 4.4% 3.6%
ISM Manufacturing Survey (month) Mar-25 49.0 49.2 49.8
Existing Home Sales SAAR (month) Feb-25 4.26 mil. 4.29 mil. 4.12 mil.

Inflation/Prices
Personal Consumption Expenditures (YoY) Feb-25 2.5% 2.6% 2.8% Consumer Price Index (YoY) Mar-25 2.4% 2.9% 3.5%
Consumer Price Index Core (YoY) Mar-25 2.8% 3.2% 3.8%
Crude Oil Futures (WTI, per barrel) Mar 31 $71.48 $71.72 $83.17 Gold Futures (oz.) Mar 31 $3,123 $2,641 $2,217
Latest
0 200K
400K
600K
800K

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%
Mar '22 Sep '22 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Unemployment Rate (left) vs. Change in Non-farm Payrolls (right) Change In Non-Farm Payrolls Unemployment Rate
-2%
0%
2%
4%
6%
8%
Dec '21 Jun '22 Dec '22 Jun '23 Dec '23 Jun '24 Dec '24 Real GDP (QoQ)
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
Mar '22 Sep '22 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Consumer Price Index
CPI (YoY) Core CPI (YoY)
2 2
1 1

1. Data as of Third Quarter 2024.

2. Data as of Fourth Quarter 2023.

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 March 31, 2025
0%
1%
2%
3%
4%
5%
6%
3-mo1-yr2-yr3-yr5-yr7-yr10-yr20-yr30-yr
Yield
Maturity
March 31, 2025 December 31, 2024 March 31, 2024
0%
1%
2%
3%
4%
5%
6%
3-mo1-yr2-yr3-yr5-yr07-yr10-yr25-yr30-yr
Yield
Maturity
U.S. Treasury Federal Agency Corporates, A Rated

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
3/31/24 6/30/24 9/30/24 12/31/24 3/31/25
Yield
2-Year 5-Year 10-Year
Maturity Mar '25 Dec '24 Change over
Quarter
Mar '24 Change over
Year
3-Month 4.30% 4.32% (0.02%) 5.37% (1.07%)
1-Year 4.03% 4.15% (0.12%) 5.03% (1.00%)
2-Year 3.89% 4.24% (0.35%) 4.62% (0.73%)
5-Year 3.95% 4.38% (0.43%) 4.21% (0.26%)
10-Year 4.21% 4.57% (0.36%) 4.20% 0.01%
30-Year 4.57% 4.78% (0.21%) 4.34% 0.23%
PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc. | For Institutional Investor or Investment Professional Use Only This material is not for inspection by, distribution to, or quotation to the general public. 3 For the Quarter Ended March 31, 2025
QUARTERLY MARKET SUMMARY Fixed Income Management
March 31, 2025 Duration Yield 3 Month 1 Year 3 Years
1-3 Year Indices
U.S. Treasury 1.82 3.94% 1.59% 5.43% 2.84%
Federal Agency 1.56 3.97% 1.44% 5.33% 2.95%
U.S. Corporates, A-AAA rated 1.83 4.49% 1.66% 6.11% 3.65% Agency MBS (0 to 3 years) 1.78 4.68% 1.86% 5.75% 3.09%
Taxable Municipals 1.79 4.28% 1.65% 5.59% 3.24%
1-5 Year Indices
U.S. Treasury 2.54 3.93% 2.00% 5.50% 2.49%
Federal Agency 2.01 3.94% 1.72% 5.41% 2.68%
U.S. Corporates, A-AAA rated 2.56 4.56% 2.01% 6.30% 2.34% Agency MBS (0 to 5 years) 2.83 4.72% 2.54% 6.15% 2.54%
Taxable Municipals 2.37 4.38% 1.77% 5.47% 2.92%
Master Indices (Maturities 1 Year or Greater)
U.S. Treasury 6.16 4.12% 3.01% 4.51% (0.26%)
Federal Agency 3.44 4.07% 2.11% 5.27% 1.95%
U.S. Corporates, A-AAA rated 6.68 4.97% 2.42% 4.87% 0.96% Agency MBS (0 to 30 years) 5.42 5.00% 2.97% 5.47% 0.55% Taxable Municipals 8.83 5.21% 2.93% 3.60% (0.53%)
Source: ICE BofA Indices.

As of 03/31/2025 Returns for Periods ended 03/31/2025
Returns for periods greater than one year are annualized.

ICE BofA Index Returns
4 For the Quarter Ended March 31, 2025
QUARTERLY MARKET SUMMARY Fixed Income Management
Disclosures
The views expressed within this material constitute the perspective and judgment of U.S. Bancorp Asset Management, Inc. 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 current opinion as of the date of issue and are also subject to change. Opinions and data presented are not necessarily indicative of future events or expected performance. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. No representation is made as to its accuracy or completeness.

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

Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc.

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

PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc. | For Institutional Investor or Investment Professional Use Only This material is not for inspection by, distribution to, or quotation to the general public. 5 PFM Asset Management | pfmam.com
Account Summary
For the Quarter Ended March 31, 2025
Consolidated Summary
Consolidated Summary
Account Summary
PFMAM Managed Account $159,501,556.98
CAMP Pool $74,168,812.22
LAIF $51,995,625.95
Wells Fargo Account $163,441,685.41
Total Program $449,107,680.56

1. PFMAM managed account balance is market value excluding accrued interest and portfolio cash. Overnight balances, including LAIF, CAMP Pool, and Wells Fargo Account, are provided by the City.

64.5%

0.0% 0.0% 0.4% 1.0%

13.5% 15.3%

2.7% 2.5%
0%
20%
40%
60%
80%
Under 30
days
31 to 60
days
61 to 90
days
91 to 180
days
181 days
to 1 year
1 to 2
years
2 to 3
years
3 to 4
years
4 to 5
years
Maturity Distribution
PFM Asset Management | pfmam.com

CITY OF MANTECA
7 PFM Asset Management | pfmam.com
Portfolio Review:

CITY OF MANTECA
PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Compliance
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended March 31, 2025, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. 9 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Portfolio Snapshot
Yield and duration calculations exclude cash and cash equivalents. Sector allocation includes market values and accrued interest.The portfolio’s benchmark is the ICE BofA 1-3 Year U.S. Treasury Index. Source: Bloomberg Financial LP.

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

1. Portfolio Snapshot - CITY OF MANTECA¹
Credit Quality - S&P
13%
52%
35%
8%
57%
35%
0%
20%40%60%
0-1 Yr 1-2 Yrs 2-3 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 44%Corporate | 23%
ABS | 19%Agency CMBS | 11%
Negotiable CD | 2%Municipal | <1%
Sector Allocation
AAA | 13%AA+ | 55%AA | 1%AA- | 4%A+ | 11%A | 5%A- | 3%
BBB+ | 1%Not Rated | 7%
Portfolio Statistics
Portfolio Effective Duration 1.73 years
Benchmark Effective Duration 1.75 yearsPortfolio Credit Quality AA Yield At Market 4.20%
Yield At Cost 4.53%
Total Market Value $160,858,268.51
Securities Sub-Total $159,501,556.98Cash $56,200.29
Accrued Interest $1,300,511.24
10 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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 44.4% United States Treasury 44.4% AA / Aaa / AA
Agency CMBS 10.9%
Federal Home Loan Mortgage Corp 9.8% AA / Aaa / AAFederal National Mortgage Association 1.1% AA / Aaa / AA Municipal 0.2%
State Board of Administration Finance C 0.2% AA / Aa / AA Negotiable CD 2.1%
Cooperatieve Rabobank UA 0.7% A / Aa / AACredit Agricole Group 0.7% A / A / AAGroupe BPCE 0.7% A / A / A Corporate 23.2%
Accenture PLC 0.1% AA / Aa / AAdobe Inc 0.7% A / A / NRAdvanced Micro Devices Inc 0.4% A / A / NRAmerican Express Co 0.1% A / A / AANZ Group Holdings Ltd 0.9% AA / Aa / AA AstraZeneca PLC 0.3% A / A / A
Bank of America Corp 0.8% A / Aa / AABayerische Motoren Werke AG 0.7% A / A / NRBlackRock Inc 0.5% AA / Aa / NRBP PLC 0.5% A / A / ABristol-Myers Squibb Co 0.1% A / A / NRCaterpillar Inc 0.6% A / A / AChevron Corp 0.6% AA / Aa / NRCisco Systems Inc 0.6% AA / A / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 23.2% Citigroup Inc 0.5% A / Aa / ACommonwealth Bank of Australia 0.7% AA / Aa / AACooperatieve Rabobank UA 0.5% A / Aa / AADeere & Co 0.5% A / A / AEli Lilly & Co 0.6% A / Aa / NRGeneral Dynamics Corp 0.3% A / A / NRGoldman Sachs Group Inc 0.6% A / A / AHershey Co 0.2% A / A / NRHome Depot Inc 0.3% A / A / AHonda Motor Co Ltd 0.6% A / A / AHoneywell International Inc 0.5% A / A / A Hormel Foods Corp 0.2% A / A / NRJohnson & Johnson 0.2% AAA / Aaa / NRJPMorgan Chase & Co 1.2% A / Aa / AAMars Inc 0.2% A / A / NRMastercard Inc 0.5% A / Aa / NRMorgan Stanley 0.7% A / Aa / AA National Australia Bank Ltd 0.3% AA / Aa / AANational Rural Utilities Cooperative Fi 0.6% A / A / ANestle SA 0.2% AA / Aa / NRPACCAR Inc 0.7% A / A / NRPepsiCo Inc 0.7% A / A / NRPNC Financial Services Group Inc 0.1% A / A / A Roche Holding AG 0.5% AA / Aa / AAState Street Corp 0.4% A / Aa / AATexas Instruments Inc 0.4% A / Aa / NR 11 PFM Asset Management | pfmam.com

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 23.2% Toyota Motor Corp 0.6% A / A / ATruist Financial Corp 0.6% A / Baa / AUBS Group AG 0.2% A / Aa / AUnilever PLC 0.2% A / A / NRUnited Services Automobile Association 0.5% AA / Aa / NRUnitedHealth Group Inc 0.6% A / A / AWalmart Inc 0.1% AA / Aa / AAWells Fargo & Co 1.2% A / Aa / AA ABS 19.1%
Ally Auto Receivables Trust 0.8% AAA / Aaa / AAAAmerican Express Co 1.3% AAA / NR / AAA BA Credit Card Trust 0.3% AAA / Aaa / AAABank of America Corp 0.3% NR / Aaa / AAABMW Vehicle Lease Trust 0.6% AAA / Aaa / AAACapital One Financial Corp 0.9% AAA / Aaa / AAACarMax Inc 0.7% AAA / Aaa / AAAChase Auto Owner Trust 0.2% AAA / NR / AAACitigroup Inc 0.1% AAA / Aaa / AAADiscover Card Execution Note Trust 0.3% NR / Aaa / AAA Fifth Third Auto Trust 0.5% AAA / Aaa / NRFord Credit Auto Owner Trust 1.8% AAA / Aaa / AAAGM Financial Consumer Automobile Receiv 1.8% AAA / Aaa / AAAHarley-Davidson Inc 0.3% AAA / Aaa / AAAHonda Auto Receivables Owner Trust 0.4% AAA / Aaa / AAAHyundai Auto Receivables Trust 1.2% AAA / NR / AAAJPMorgan Chase & Co 0.7% AAA / NR / AAA Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 19.1% Kubota Credit Owner Trust 1.8% NR / Aaa / AAAMercedes-Benz Auto Receivables Trust 0.9% AAA / Aaa / AAANissan Auto Receivables Owner Trust 0.9% AAA / Aaa / AAAToyota Auto Receivables Owner Trust 1.2% AAA / Aaa / AAAUSAA Auto Owner Trust 0.2% AAA / Aaa / NR Verizon Master Trust 0.6% NR / Aaa / AAA
Volkswagen Auto Loan Enhanced Trust 0.8% AAA / Aaa / AAAWF Card Issuance Trust 0.3% AAA / Aaa / NRWorld Omni Auto Trust 0.0% AAA / NR / AAA Total 100.0%
12 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Portfolio Activity
Portfolio Activity - CITY OF MANTECA
Net Activity by Sector
($ millions)
U.S. TreasuryNegotiable CD
Agency CMBS
ABS
Corporate
U.S. Treasury
Negotiable CD
Agency CMBS
ABS
Corporate
($10.0) ($5.0) $0.0 $5.0 $10.0 $15.0
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 $3,518,878
ABS $2,975,814Agency CMBS $2,613,969
Negotiable CD ($1,465,013)U.S. Treasury ($5,893,302)Total Net Activity $1,750,346 Sales/Maturities Purchases
13 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Portfolio Characteristics
$0.0
$32.0$64.0$96.0
$128.0$160.0
Millions
March 2025
$0.0
$32.0$64.0$96.0
$128.0$160.0
Millions
December 2024
$0.0
$32.0$64.0$96.0
$128.0$160.0
Millions
September 2024
$0.0
$32.0$64.0$96.0
$128.0$160.0
Millions
June 2024
Sector Allocation Review - CITY OF MANTECA
U.S. Treasury Agency CMBS 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-24 % of Total Sep-24 % of Total Dec-24 % of Total Mar-25 % of Total U.S. Treasury $63.5 41.7% $67.2 42.9% $76.0 48.4% $70.6 44.2% Agency CMBS $16.9 11.1% $17.3 11.0% $14.8 9.4% $17.5 11.0% Municipal $1.4 0.9% $0.4 0.3% $0.4 0.3% $0.4 0.3%Negotiable CD $6.2 4.1% $6.3 4.0% $4.8 3.1% $3.4 2.1%Corporate $36.1 23.7% $36.4 23.2% $33.2 21.2% $36.9 23.2% ABS $28.2 18.5% $29.2 18.6% $27.6 17.6% $30.6 19.2%
Total $152.4 100.0% $156.8 100.0% $156.8 100.0% $159.5 100.0% 14 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Portfolio Performance

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is 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 BofA 1-3 Year U.S. Treasury Index. Source: Bloomberg Financial LP.

0.0%2.0%4.0%6.0%
Return
Portfolio Benchmark Net of Fees
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 YearsInterest Earned² $1,679,012 $6,534,373 $13,667,102 $17,530,185 $29,892,156Change in Market Value $836,612 $2,099,605 $1,499,503 ($3,485,661) ($1,604,573) Total Dollar Return $2,515,624 $8,633,978 $15,166,605 $14,044,524 $28,287,583Total Return³ Portfolio 1.59% 5.67% 3.36% 1.83% 1.87%Benchmark⁴ 1.59% 5.43% 2.84% 1.16% 1.50%Basis Point Fee 0.03% 0.11% 0.11% 0.11% 0.11%Net of Fee Return 1.56% 5.56% 3.24% 1.71% 1.76% 3 Months 1 Year 3 Years 5 Years 10 Years
15 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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 - CITY OF MANTECA
Accrual Basis EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$1,679,012
$48,633
$84,974
$1,812,618
1 Year
$6,534,373
($309,399)
$343,003
$6,567,976
3 Years
$13,667,102
($4,355,246)
$541,993
$9,853,849
5 Year
$17,530,185
($1,876,818)
$378,972
$16,032,339
10 Year¹
$29,892,156
($2,486,564)
$250,100
$27,655,692
16 Portfolio Holdings and Transactions
PFM Asset Management | pfmam.com
PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Portfolio Composition
Issuer Distribution
As of March 31, 2025
Issuer Market Value ($) % of Portfolio
UNITED STATES TREASURY 70,629,094 44.29%FEDERAL HOME LOAN MORTGAGE CORP 15,771,904 9.90%JPMORGAN CHASE & CO 2,987,563 1.88%GM FINANCIAL CONSUMER AUTOMOBILE RECEIV 2,926,812 1.83%FORD CREDIT AUTO OWNER TRUST 2,901,860 1.82%KUBOTA CREDIT OWNER TRUST 2,850,451 1.79% AMERICAN EXPRESS CO 2,191,677 1.37%
TOYOTA AUTO RECEIVABLES OWNER TRUST 1,964,005 1.23%COOPERATIEVE RABOBANK UA 1,904,107 1.19%HYUNDAI AUTO RECEIVABLES TRUST 1,903,444 1.19%BANK OF AMERICA CORP 1,901,012 1.19%WELLS FARGO & CO 1,856,391 1.16%FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,755,566 1.10%CAPITAL ONE FINANCIAL CORP 1,505,885 0.94%NISSAN AUTO RECEIVABLES OWNER TRUST 1,474,635 0.92% ANZ GROUP HOLDINGS LTD 1,455,587 0.91%
MERCEDES-BENZ AUTO RECEIVABLES TRUST 1,443,588 0.91%
ALLY AUTO RECEIVABLES TRUST 1,338,853 0.84%
VOLKSWAGEN AUTO LOAN ENHANCED TRUST 1,271,400 0.80%PACCAR INC 1,183,197 0.74%PEPSICO INC 1,181,575 0.74% ADOBE INC 1,175,840 0.74%
COMMONWEALTH BANK OF AUSTRALIA 1,158,347 0.73%CREDIT AGRICOLE GROUP 1,131,051 0.71% 18 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Portfolio Composition
Issuer Market Value ($) % of PortfolioCARMAX INC 1,129,258 0.71%GROUPE BPCE 1,122,463 0.70%BAYERISCHE MOTOREN WERKE AG 1,086,228 0.68%MORGAN STANLEY 1,057,786 0.66%HONDA MOTOR CO LTD 1,016,854 0.64%ELI LILLY & CO 1,012,117 0.63%UNITEDHEALTH GROUP INC 1,006,288 0.63%CATERPILLAR INC 974,572 0.61%GOLDMAN SACHS GROUP INC 971,545 0.61%BMW VEHICLE LEASE TRUST 962,591 0.60%TRUIST FINANCIAL CORP 962,237 0.60%CITIGROUP INC 956,268 0.60%CISCO SYSTEMS INC 956,046 0.60%CHEVRON CORP 945,893 0.59%NATIONAL RURAL UTILITIES COOPERATIVE FI 929,076 0.58%VERIZON MASTER TRUST 905,283 0.57%TOYOTA MOTOR CORP 889,176 0.56%DEERE & CO 873,130 0.55%BP PLC 827,882 0.52%FIFTH THIRD AUTO TRUST 796,933 0.50%ROCHE HOLDING AG 777,331 0.49%BLACKROCK INC 750,600 0.47%UNITED SERVICES AUTOMOBILE ASSOCIATION 729,665 0.46%HONEYWELL INTERNATIONAL INC 729,660 0.46%MASTERCARD INC 721,641 0.45%HONDA AUTO RECEIVABLES OWNER TRUST 706,832 0.44%TEXAS INSTRUMENTS INC 650,276 0.41% 19 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Portfolio Composition
Issuer Market Value ($) % of PortfolioSTATE STREET CORP 625,953 0.39% ADVANCED MICRO DEVICES INC 602,918 0.38%ASTRAZENECA PLC 550,579 0.35% GENERAL DYNAMICS CORP 530,808 0.33%HARLEY-DAVIDSON INC 523,415 0.33%WF CARD ISSUANCE TRUST 514,616 0.32%BA CREDIT CARD TRUST 513,996 0.32%HOME DEPOT INC 475,433 0.30%DISCOVER CARD EXECUTION NOTE TRUST 459,651 0.29%NATIONAL AUSTRALIA BANK LTD 411,514 0.26%STATE BOARD OF ADMINISTRATION FINANCE C 391,751 0.25%UBS GROUP AG 366,572 0.23%JOHNSON & JOHNSON 328,364 0.21%HORMEL FOODS CORP 322,857 0.20%HERSHEY CO 322,780 0.20%USAA AUTO OWNER TRUST 322,571 0.20%UNILEVER PLC 305,395 0.19%CHASE AUTO OWNER TRUST 293,283 0.18%MARS INC 290,986 0.18%NESTLE SA 287,576 0.18% ACCENTURE PLC 233,355 0.15%
BRISTOL-MYERS SQUIBB CO 232,822 0.15%WALMART INC 159,745 0.10%PNC FINANCIAL SERVICES GROUP INC 85,018 0.05%WORLD OMNI AUTO TRUST 38,123 0.02% Grand Total 159,501,557 100.00%
20 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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 N/BDTD 07/31/2024 4.375% 07/31/2026
91282CLB5 175,000.00 AA+ Aaa 8/19/2024 8/21/2024 176,025.39 4.06 1,268.99 175,712.44 175,834.05 US TREASURY N/BDTD 08/15/2023 4.375% 08/15/2026
91282CHU8 700,000.00 AA+ Aaa 9/19/2023 9/22/2023 691,906.25 4.81 3,806.98 696,167.33 703,445.40 US TREASURY N/BDTD 08/15/2023 4.375% 08/15/2026
91282CHU8 1,000,000.00 AA+ Aaa 9/6/2023 9/11/2023 990,312.50 4.73 5,438.54 995,459.83 1,004,922.00 US TREASURY N/BDTD 08/15/2023 4.375% 08/15/2026
91282CHU8 2,500,000.00 AA+ Aaa 9/12/2023 9/15/2023 2,476,464.84 4.72 13,596.34 2,488,928.53 2,512,305.00 US TREASURY N/BDTD 08/15/2023 4.375% 08/15/2026
91282CHU8 3,000,000.00 AA+ Aaa 9/11/2023 9/12/2023 2,973,046.88 4.71 16,315.61 2,987,356.26 3,014,766.00 US TREASURY N/BDTD 09/15/2023 4.625% 09/15/2026
91282CHY0 2,250,000.00 AA+ Aaa 10/3/2023 10/5/2023 2,233,564.45 4.89 4,807.24 2,241,595.68 2,270,479.50 US TREASURY N/BDTD 10/16/2023 4.625% 10/15/2026
91282CJC6 425,000.00 AA+ Aaa 10/17/2023 10/19/2023 420,783.20 4.99 9,072.12 422,752.82 429,100.40 US TREASURY N/BDTD 10/16/2023 4.625% 10/15/2026
91282CJC6 1,000,000.00 AA+ Aaa 11/7/2023 11/10/2023 997,187.50 4.73 21,346.15 998,476.00 1,009,648.00 US TREASURY N/BDTD 10/31/2024 4.125% 10/31/2026
91282CLS8 1,000,000.00 AA+ Aaa 11/22/2024 11/26/2024 995,351.56 4.38 17,320.44 996,162.85 1,002,227.00 US TREASURY N/BDTD 11/15/2023 4.625% 11/15/2026
91282CJK8 3,000,000.00 AA+ Aaa 12/7/2023 12/11/2023 3,024,140.63 4.33 52,510.36 3,013,735.61 3,030,351.00 US TREASURY N/BDTD 11/15/2023 4.625% 11/15/2026
91282CJK8 1,500,000.00 AA+ Aaa 12/12/2023 12/15/2023 1,508,027.34 4.43 26,255.18 1,504,586.24 1,515,175.50 US TREASURY N/BDTD 11/15/2023 4.625% 11/15/2026
91282CJK8 1,400,000.00 AA+ Aaa 12/6/2023 12/11/2023 1,411,101.56 4.33 24,504.83 1,406,316.43 1,414,163.80 US TREASURY N/BDTD 11/15/2023 4.625% 11/15/2026
91282CJK8 2,500,000.00 AA+ Aaa 11/13/2023 11/15/2023 2,484,765.63 4.85 43,758.63 2,491,503.61 2,525,292.50 US TREASURY N/BDTD 12/15/2023 4.375% 12/15/2026
91282CJP7 1,500,000.00 AA+ Aaa 1/4/2024 1/9/2024 1,510,898.44 4.11 19,290.87 1,506,497.77 1,510,078.50 US TREASURY N/BDTD 12/15/2023 4.375% 12/15/2026
91282CJP7 2,500,000.00 AA+ Aaa 1/3/2024 1/5/2024 2,516,210.94 4.14 32,151.44 2,509,632.32 2,516,797.50 21 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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 N/BDTD 01/16/2024 4.000% 01/15/2027
91282CJT9 2,500,000.00 AA+ Aaa 2/2/2024 2/7/2024 2,490,039.06 4.14 20,994.48 2,493,790.41 2,501,757.50 US TREASURY N/BDTD 02/15/2024 4.125% 02/15/2027
91282CKA8 2,500,000.00 AA+ Aaa 3/7/2024 3/12/2024 2,488,769.53 4.29 12,819.41 2,492,649.61 2,508,105.00 US TREASURY N/BDTD 02/15/2024 4.125% 02/15/2027
91282CKA8 400,000.00 AA+ Aaa 2/20/2024 2/22/2024 397,250.00 4.37 2,051.10 398,229.43 401,296.80 US TREASURY N/BDTD 02/15/2024 4.125% 02/15/2027
91282CKA8 750,000.00 AA+ Aaa 2/13/2024 2/16/2024 743,027.34 4.46 3,845.82 745,531.73 752,431.50 US TREASURY N/BDTD 03/15/2024 4.250% 03/15/2027
91282CKE0 1,500,000.00 AA+ Aaa 4/3/2024 4/8/2024 1,489,160.16 4.51 2,944.97 1,492,627.77 1,508,847.00 US TREASURY N/BDTD 03/15/2024 4.250% 03/15/2027
91282CKE0 1,500,000.00 AA+ Aaa 4/2/2024 4/5/2024 1,489,335.94 4.51 2,944.97 1,492,766.07 1,508,847.00 US TREASURY N/BDTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 425,000.00 AA+ Aaa 4/29/2024 4/30/2024 421,414.06 4.81 8,826.92 422,476.81 429,714.95 US TREASURY N/BDTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 1,525,000.00 AA+ Aaa 4/10/2024 4/15/2024 1,523,808.59 4.53 31,673.08 1,524,174.61 1,541,918.35 US TREASURY N/BDTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 1,250,000.00 AA+ Aaa 5/8/2024 5/13/2024 1,244,531.25 4.66 25,961.54 1,246,110.83 1,263,867.50 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 900,000.00 AA+ Aaa 5/15/2024 5/20/2024 898,031.25 4.58 15,327.35 898,575.04 910,300.50 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 3,100,000.00 AA+ Aaa 7/1/2024 7/5/2024 3,090,675.78 4.61 52,794.20 3,092,975.43 3,135,479.50 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 375,000.00 AA+ Aaa 6/11/2024 6/12/2024 373,696.29 4.63 6,386.40 374,037.29 379,291.87 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 1,250,000.00 AA+ Aaa 6/12/2024 6/17/2024 1,246,435.55 4.60 21,287.98 1,247,357.09 1,264,306.25 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 1,550,000.00 AA+ Aaa 6/6/2024 6/11/2024 1,550,302.73 4.49 26,397.10 1,550,223.35 1,567,739.75 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 1,350,000.00 AA+ Aaa 6/10/2024 6/11/2024 1,343,671.88 4.67 22,991.02 1,345,331.30 1,365,450.75 US TREASURY N/BDTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 1,525,000.00 AA+ Aaa 8/1/2024 8/5/2024 1,542,513.67 3.96 14,007.25 1,538,798.99 1,539,952.63 US TREASURY N/BDTD 08/15/2024 3.750% 08/15/2027
91282CLG4 2,500,000.00 AA+ Aaa 9/5/2024 9/10/2024 2,510,058.59 3.60 11,654.01 2,508,236.75 2,490,235.00 22 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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 N/BDTD 09/16/2024 3.375% 09/15/2027
91282CLL3 350,000.00 AA+ Aaa 9/30/2024 9/30/2024 348,564.45 3.52 545.69 348,799.16 345,625.00 US TREASURY N/BDTD 09/16/2024 3.375% 09/15/2027
91282CLL3 3,100,000.00 AA+ Aaa 9/26/2024 9/27/2024 3,092,250.00 3.46 4,833.22 3,093,534.97 3,061,250.00 US TREASURY N/BDTD 09/16/2024 3.375% 09/15/2027
91282CLL3 1,750,000.00 AA+ Aaa 10/1/2024 10/4/2024 1,742,890.63 3.52 2,728.43 1,744,032.43 1,728,125.00 US TREASURY N/BDTD 09/16/2024 3.375% 09/15/2027
91282CLL3 2,450,000.00 AA+ Aaa 10/2/2024 10/4/2024 2,438,611.33 3.54 3,819.80 2,440,443.36 2,419,375.00 US TREASURY N/BDTD 10/15/2024 3.875% 10/15/2027
91282CLQ2 1,600,000.00 AA+ Aaa 10/31/2024 11/4/2024 1,587,812.50 4.15 28,615.38 1,589,412.08 1,598,249.60 US TREASURY N/BDTD 10/15/2024 3.875% 10/15/2027
91282CLQ2 1,400,000.00 AA+ Aaa 10/28/2024 10/29/2024 1,391,468.75 4.10 25,038.46 1,392,626.38 1,398,468.40 US TREASURY N/BDTD 10/15/2024 3.875% 10/15/2027
91282CLQ2 950,000.00 AA+ Aaa 11/5/2024 11/7/2024 941,687.50 4.19 16,990.38 942,757.05 948,960.70 US TREASURY N/BDTD 11/15/2024 4.125% 11/15/2027
91282CLX7 1,575,000.00 AA+ Aaa 12/10/2024 12/16/2024 1,575,061.52 4.12 24,587.62 1,575,058.12 1,583,059.28 US TREASURY N/BDTD 11/15/2024 4.125% 11/15/2027
91282CLX7 1,575,000.00 AA+ Aaa 12/4/2024 12/6/2024 1,573,092.77 4.17 24,587.62 1,573,292.49 1,583,059.28 US TREASURY N/BDTD 11/15/2024 4.125% 11/15/2027
91282CLX7 1,575,000.00 AA+ Aaa 12/5/2024 12/10/2024 1,576,107.42 4.10 24,587.62 1,576,000.01 1,583,059.28 US TREASURY N/BDTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 1,500,000.00 AA+ Aaa 12/16/2024 12/18/2024 1,486,230.47 4.21 19,481.46 1,487,495.97 1,498,417.50 US TREASURY N/BDTD 01/15/2025 4.250% 01/15/2028
91282CMF5 1,575,000.00 AA+ Aaa 2/3/2025 2/6/2025 1,574,323.24 4.26 14,053.18 1,574,356.29 1,588,658.40 US TREASURY N/BDTD 01/15/2025 4.250% 01/15/2028
91282CMF5 1,575,000.00 AA+ Aaa 1/9/2025 1/15/2025 1,571,124.02 4.34 14,053.18 1,571,383.81 1,588,658.40 Security Type Sub-Total 70,325,000.00 70,151,733.38 4.30 778,273.36 70,207,968.35 70,629,093.84 Negotiable CD
COOPERAT RABOBANK UA/NYDTD 07/20/2023 5.080% 07/17/2026 21684LGS5 1,100,000.00 A+ Aa2 7/17/2023 7/20/2023 1,100,000.00 5.08 11,486.44 1,100,000.00 1,118,118.10 NATIXIS NY BRANCHDTD 09/20/2023 5.610% 09/18/2026
63873QP65 1,100,000.00 A+ A1 9/18/2023 9/20/2023 1,100,000.00 5.61 33,426.25 1,100,000.00 1,122,463.10 23 PFM Asset Management | pfmam.com

AMERICAN HONDA FINANCE
DTD 01/12/2023 4.750% 01/12/2026
02665WEC1 190,000.00 A- A3 1/10/2023 1/12/2023 189,889.80 4.77 1,980.49 189,971.33 190,300.96 NESTLE HOLDINGS INCDTD 03/14/2023 5.250% 03/13/2026
641062BK9 285,000.00 AA- Aa3 3/7/2023 3/14/2023 284,905.95 5.26 748.13 284,970.19 287,576.40 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 02/09/2023 4.450% 03/13/2026 63743HFH0 125,000.00 A- A2 2/2/2023 2/9/2023 124,911.25 4.47 278.13 124,972.75 125,020.62 COMMONWEALTH BK AUSTR NYDTD 03/13/2023 5.316% 03/13/2026 20271RAR1 700,000.00 AA- Aa2 3/6/2023 3/13/2023 700,000.00 5.32 1,860.60 700,000.00 706,601.70

AUST & NZ BANKING GRP NY
DTD 03/18/2024 5.000% 03/18/2026
05253JB26 445,000.00 AA- Aa2 3/11/2024 3/18/2024 445,000.00 5.00 803.47 445,000.00 448,001.52 WALMART INC (CALLABLE)DTD 04/18/2023 4.000% 04/15/2026
931142FA6 160,000.00 AA Aa2 4/12/2023 4/18/2023 159,929.60 4.02 2,951.11 159,975.55 159,744.64 WELLS FARGO & COMPANYDTD 04/22/2016 3.000% 04/22/2026
949746RW3 650,000.00 BBB+ A1 3/28/2023 3/30/2023 611,520.00 5.11 8,612.50 636,696.12 640,008.85 JPMORGAN CHASE & CO(CALLABLE)DTD 04/26/2022 4.080% 04/26/2026 46647PCZ7 700,000.00 A A1 4/19/2022 4/26/2022 700,000.00 4.08 12,296.67 700,000.00 699,440.70 CITIBANK NA (CALLABLE)DTD 04/30/2024 5.438% 04/30/2026
17325FBF4 300,000.00 A+ Aa3 4/23/2024 4/30/2024 300,000.00 5.44 6,842.82 300,000.00 303,184.80 24 PFM Asset Management | pfmam.com

AMERICAN HONDA FINANCE
DTD 07/07/2023 5.250% 07/07/2026
02665WEK3 330,000.00 A- A3 7/5/2023 7/7/2023 329,594.10 5.29 4,042.50 329,828.62 332,906.31 TRUIST FINANCIAL CORP(CALLABLE)DTD 07/28/2022 4.260% 07/28/2026 89788MAH5 465,000.00 A- Baa1 7/25/2022 7/28/2022 465,000.00 4.26 3,466.58 465,000.00 464,048.15 STATE STREET CORP (CALLABLE)DTD 08/03/2023 5.272% 08/03/2026 857477CD3 415,000.00 A Aa3 7/31/2023 8/3/2023 415,000.00 5.27 3,524.92 415,000.00 419,592.81 WELLS FARGO BANK NA(CALLABLE)DTD 08/09/2023 5.450% 08/07/2026 94988J6D4 450,000.00 A+ Aa2 8/3/2023 8/9/2023 449,608.50 5.48 3,678.75 449,823.50 456,084.45 TOYOTA MOTOR CREDIT CORPDTD 08/09/2024 4.550% 08/07/2026 89236TMJ1 110,000.00 A+ A1 8/6/2024 8/9/2024 109,931.80 4.58 750.75 109,953.33 110,324.61 BANK OF AMERICA NA (CALLABLE)DTD 08/18/2023 5.526% 08/18/2026 06428CAA2 725,000.00 A+ Aa1 8/14/2023 8/18/2023 725,000.00 5.53 4,785.36 725,000.00 736,477.48 HOME DEPOT INC (CALLABLE)DTD 12/04/2023 4.950% 09/30/2026 437076CV2 285,000.00 A A2 11/27/2023 12/4/2023 284,375.85 5.04 39.19 284,658.46 287,907.29 TRUIST FINANCIAL CORP(CALLABLE)DTD 10/28/2022 5.900% 10/28/2026 89788MAJ1 495,000.00 A- Baa1 10/26/2022 10/28/2022 495,000.00 5.90 12,412.13 495,000.00 498,188.79 STATE STREET CORP (CALLABLE)DTD 11/04/2022 5.751% 11/04/2026 857477BX0 205,000.00 A Aa3 11/1/2022 11/4/2022 205,000.00 5.75 4,814.07 205,000.00 206,360.38 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 11/02/2023 5.600% 11/13/2026 63743HFK3 200,000.00 A- A2 10/30/2023 11/2/2023 199,930.00 5.61 4,293.33 199,961.29 203,641.60 ROCHE HOLDINGS INC (CALLABLE)DTD 11/13/2023 5.265% 11/13/2026 771196CE0 765,000.00 AA Aa2 11/6/2023 11/13/2023 765,000.00 5.27 15,439.61 765,000.00 777,331.04 GOLDMAN SACHS GROUP INC(CALLABLE)DTD 11/16/2016 3.500% 11/16/2026 38145GAH3 500,000.00 BBB+ A2 11/9/2023 11/13/2023 467,605.00 5.88 6,562.50 482,501.32 492,150.00 25 PFM Asset Management | pfmam.com

AUST & NZ BANKING GRP NY
DTD 01/18/2024 4.750% 01/18/2027
05253JAZ4 1,000,000.00 AA- Aa2 1/8/2024 1/18/2024 1,000,000.00 4.75 9,631.94 1,000,000.00 1,007,585.00 PNC FINANCIAL SERVICES(CALLABLE)DTD 01/24/2023 4.758% 01/26/2027 693475BL8 85,000.00 A- A3 1/19/2023 1/24/2023 85,000.00 4.76 730.22 85,000.00 85,018.19 TEXAS INSTRUMENTS INC(CALLABLE)DTD 02/08/2024 4.600% 02/08/2027 882508CE2 645,000.00 A+ Aa3 2/5/2024 2/8/2024 644,587.20 4.62 4,368.08 644,739.62 650,276.10 ELI LILLY & CO (CALLABLE)DTD 02/09/2024 4.500% 02/09/2027 532457CJ5 740,000.00 A+ Aa3 2/7/2024 2/9/2024 739,607.80 4.52 4,810.00 739,752.57 744,659.78 BRISTOL-MYERS SQUIBB CO(CALLABLE)DTD 02/22/2024 4.900% 02/22/2027 110122EE4 230,000.00 A A2 2/14/2024 2/22/2024 229,751.60 4.94 1,220.92 229,839.56 232,822.33 CISCO SYSTEMS INC (CALLABLE)DTD 02/26/2024 4.800% 02/26/2027 17275RBQ4 945,000.00 AA- A1 2/21/2024 2/26/2024 943,771.50 4.85 4,410.00 944,202.25 956,046.10

ASTRAZENECA FINANCE LLC
(CALLABLE)DTD 02/26/2024 4.800% 02/26/2027
04636NAK9 545,000.00 A+ A1 2/21/2024 2/26/2024 544,084.40 4.86 2,543.33 544,404.93 550,579.17 JOHN DEERE CAPITAL CORPDTD 03/07/2024 4.850% 03/05/2027 24422EXM6 500,000.00 A A1 3/4/2024 3/7/2024 499,535.00 4.88 1,751.39 499,693.66 505,975.00

AMERICAN HONDA FINANCE
DTD 03/13/2024 4.900% 03/12/2027
02665WFD8 490,000.00 A- A3 3/11/2024 3/13/2024 489,730.50 4.92 1,267.19 489,821.08 493,646.58 26 PFM Asset Management | pfmam.com

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.850% 04/04/2027
00724PAE9 460,000.00 A+ A1 4/1/2024 4/4/2024 459,770.00 4.87 10,969.08 459,842.52 466,056.36 UNITEDHEALTH GROUP INC(CALLABLE)DTD 03/21/2024 4.600% 04/15/2027 91324PEY4 1,000,000.00 A+ A2 3/19/2024 3/21/2024 993,030.00 4.85 21,211.11 995,254.43 1,006,288.00 GOLDMAN SACHS BANK USA(CALLABLE)DTD 05/21/2024 5.414% 05/21/2027 38151LAG5 475,000.00 A+ A1 5/15/2024 5/21/2024 475,000.00 5.41 9,286.51 475,000.00 479,394.70 USAA CAPITAL CORPDTD 06/03/2024 5.250% 06/01/2027
90327QD97 715,000.00 AA Aa1 5/29/2024 6/3/2024 712,933.65 5.36 12,512.50 713,474.13 729,664.65 NATIONAL AUSTRALIA BK/NYDTD 06/11/2024 5.087% 06/11/2027 63253QAJ3 405,000.00 AA- Aa2 6/3/2024 6/11/2024 405,000.00 5.09 6,295.16 405,000.00 411,513.62 HOME DEPOT INC (CALLABLE)DTD 06/25/2024 4.875% 06/25/2027 437076DB5 185,000.00 A A2 6/17/2024 6/25/2024 184,387.65 5.00 2,405.00 184,536.22 187,525.62 BLACKROCK FUNDING INC(CALLABLE)DTD 07/26/2024 4.600% 07/26/2027 09290DAH4 745,000.00 AA- Aa3 7/17/2024 7/26/2024 744,977.65 4.60 6,187.64 744,983.79 750,600.17 HONEYWELL INTERNATIONAL(CALLABLE)DTD 08/01/2024 4.650% 07/30/2027 438516CX2 725,000.00 A A2 7/29/2024 8/1/2024 724,978.25 4.65 5,712.40 724,984.17 729,660.30 UNILEVER CAPITAL CORP(CALLABLE)DTD 08/12/2024 4.250% 08/12/2027 904764BU0 305,000.00 A+ A1 8/7/2024 8/12/2024 304,185.65 4.35 1,764.34 304,350.55 305,395.28 BMW US CAPITAL LLCDTD 08/13/2024 4.600% 08/13/2027
05565ECQ6 750,000.00 A A2 8/7/2024 8/13/2024 749,940.00 4.60 4,600.00 749,953.44 750,658.50 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 09/16/2024 4.120% 09/16/2027 63743HFT4 295,000.00 A- A2 9/9/2024 9/16/2024 295,000.00 4.12 506.42 295,000.00 293,138.55

ACCENTURE CAPITAL INC
(CALLABLE)DTD 10/04/2024 3.900% 10/04/2027
00440KAA1 235,000.00 AA- Aa3 10/1/2024 10/4/2024 234,696.85 3.95 4,506.13 234,744.24 233,355.47 27 PFM Asset Management | pfmam.com

ADOBE INC (CALLABLE)
DTD 01/17/2025 4.750% 01/17/2028
00724PAH2 700,000.00 A+ A1 1/14/2025 1/17/2025 699,629.00 4.77 6,834.72 699,654.21 709,783.20 COOPERAT RABOBANK UA/NYDTD 01/21/2025 4.883% 01/21/2028 21688ABK7 775,000.00 A+ Aa2 1/13/2025 1/21/2025 775,000.00 4.88 7,358.41 775,000.00 785,988.73 PEPSICO INC (CALLABLE)DTD 02/07/2025 4.450% 02/07/2028
713448GA0 1,175,000.00 A+ A1 2/5/2025 2/7/2025 1,174,506.50 4.47 7,843.13 1,174,530.27 1,181,575.30 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 02/07/2025 4.750% 02/07/2028 63743HFW7 170,000.00 NR A2 2/4/2025 2/7/2025 169,925.20 4.77 1,211.25 169,928.79 171,508.58 ELI LILLY & CO (CALLABLE)DTD 02/12/2025 4.550% 02/12/2028 532457CU0 265,000.00 A+ Aa3 2/10/2025 2/12/2025 264,830.40 4.57 1,641.16 264,838.18 267,457.08 HERSHEY COMPANY (CALLABLE)DTD 02/24/2025 4.550% 02/24/2028 427866BK3 320,000.00 A A1 2/19/2025 2/24/2025 319,779.20 4.57 1,496.44 319,787.00 322,779.52 CHEVRON USA INC (CALLABLE)DTD 02/26/2025 4.475% 02/26/2028 166756BB1 940,000.00 AA- Aa2 2/24/2025 2/26/2025 940,000.00 4.48 4,089.65 940,000.00 945,892.86 MARS INC (CALLABLE)DTD 03/12/2025 4.600% 03/01/2028
571676AX3 290,000.00 A A2 3/5/2025 3/12/2025 289,997.10 4.60 704.06 289,997.65 290,986.00 JOHNSON & JOHNSON (CALLABLE)DTD 02/20/2025 4.550% 03/01/2028 478160DH4 325,000.00 AAA Aaa 2/18/2025 2/20/2025 324,811.50 4.57 1,684.13 324,818.31 328,364.40 PACCAR FINANCIAL CORPDTD 03/03/2025 4.550% 03/03/2028
69371RT63 1,175,000.00 A+ A1 2/20/2025 3/3/2025 1,174,283.25 4.57 4,158.19 1,174,303.68 1,183,196.80 COMMONWEALTH BK AUSTR NYDTD 03/14/2025 4.423% 03/14/2028 20271RAV2 450,000.00 AA- Aa2 3/6/2025 3/14/2025 450,000.00 4.42 939.89 450,000.00 451,745.55 MASTERCARD INC (CALLABLE)DTD 02/27/2025 4.550% 03/15/2028 57636QBF0 375,000.00 A+ Aa3 2/18/2025 2/27/2025 374,715.00 4.58 1,611.46 374,724.21 377,542.50 BMW US CAPITAL LLCDTD 03/21/2025 4.750% 03/21/2028
05565ECW3 335,000.00 A A2 3/17/2025 3/21/2025 334,832.50 4.77 442.01 334,834.74 335,569.84 28 PFM Asset Management | pfmam.com

ADVANCED MICRO DEVICES
(CALLABLE)DTD 03/24/2025 4.319% 03/24/2028
007903BJ5 600,000.00 A A2 3/10/2025 3/24/2025 600,000.00 4.32 503.88 600,000.00 602,918.40 MORGAN STANLEY BANK NA(CALLABLE)DTD 05/30/2024 5.504% 05/26/2028 61690U8B9 305,000.00 A+ Aa3 5/28/2024 5/30/2024 305,000.00 5.50 5,828.89 305,000.00 310,507.39 MORGAN STANLEY BANK NA(CALLABLE)DTD 07/19/2024 4.968% 07/14/2028 61690U8E3 330,000.00 A+ Aa3 7/17/2024 7/19/2024 330,000.00 4.97 3,506.58 330,000.00 332,717.88 JPMORGAN CHASE & CO(CALLABLE)DTD 07/22/2024 4.979% 07/22/2028 46647PEL6 435,000.00 A A1 7/15/2024 7/22/2024 435,000.00 4.98 4,151.24 435,000.00 438,745.35

AMERICAN EXPRESS CO (CALLABLE)
DTD 07/26/2024 5.043% 07/26/2028
025816DV8 150,000.00 A- A2 7/22/2024 7/26/2024 150,000.00 5.04 1,365.81 150,000.00 151,829.25 MORGAN STANLEY BANK NA(CALLABLE)DTD 01/21/2025 5.016% 01/12/2029 61690DK72 410,000.00 A+ Aa3 1/16/2025 1/21/2025 410,000.00 5.02 3,998.87 410,000.00 414,560.84 JPMORGAN CHASE & CO(CALLABLE)DTD 01/24/2025 4.915% 01/24/2029 46647PEU6 250,000.00 A A1 1/16/2025 1/24/2025 250,000.00 4.92 2,286.84 250,000.00 252,147.00 BANK OF AMERICA CORP(CALLABLE)DTD 01/24/2025 4.979% 01/24/2029 06051GMK2 610,000.00 A- A1 1/17/2025 1/24/2025 610,000.00 4.98 5,652.55 610,000.00 615,791.34 Security Type Sub-Total 36,680,000.00 36,530,792.45 4.87 363,459.72 36,608,486.08 36,938,695.85 Agency CMBS
FHMS K733 A2DTD 11/01/2018 3.750% 08/01/2025
3137FJXQ7 505,395.09 AA+ Aaa 3/6/2023 3/9/2023 489,522.52 5.10 1,579.36 502,815.35 502,931.80 FHMS K733 A2DTD 11/01/2018 3.750% 08/01/2025
3137FJXQ7 505,395.09 AA+ Aaa 8/10/2023 8/15/2023 491,390.60 5.18 1,579.36 502,632.56 502,931.80 FHMS K051 A2DTD 12/01/2015 3.308% 09/01/2025
3137BM7C4 561,211.06 AA+ Aaa 8/5/2022 8/10/2022 557,133.52 3.55 1,547.07 560,580.40 557,519.41 FHMS K053 A2DTD 03/01/2016 2.995% 12/01/2025
3137BN6G4 975,972.86 AA+ Aaa 8/4/2022 8/9/2022 964,726.30 3.35 2,435.87 973,531.17 965,675.37 29 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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
FHMS K054 A2DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 423,659.97 AA+ Aaa 3/1/2023 3/6/2023 398,968.54 4.90 969.12 416,673.18 417,899.89 FNA 2016-M3 A2DTD 03/01/2016 2.702% 02/01/2026
3136ARTE8 621,368.42 AA+ Aaa 10/6/2022 10/12/2022 586,222.27 4.51 1,399.11 611,980.66 611,772.63 FHMS K734 A2DTD 04/01/2019 3.208% 02/01/2026
3137FLN34 691,178.56 AA+ Aaa 10/18/2023 10/23/2023 658,509.57 5.35 1,847.75 678,607.59 684,625.49 FHMS K057 A2DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 600,000.00 AA+ Aaa 3/2/2023 3/7/2023 557,953.13 4.81 1,285.00 583,636.93 587,858.40 FHMS K736 A2DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 720,590.07 AA+ Aaa 10/5/2023 10/11/2023 668,600.62 5.05 1,370.32 696,045.25 702,991.10 FHMS K057 A2DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 675,000.00 AA+ Aaa 5/18/2023 5/23/2023 641,830.08 4.22 1,445.63 661,232.45 661,340.70 FHMS K058 A2DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 750,000.00 AA+ Aaa 4/12/2023 4/17/2023 715,869.14 4.10 1,658.13 735,759.97 733,041.75 FHMS K059 A2DTD 11/01/2016 3.120% 09/01/2026
3137BSRE5 1,250,000.00 AA+ Aaa 11/15/2023 11/20/2023 1,183,935.55 5.11 3,250.00 1,214,197.60 1,229,043.75 FHMS K061 A2DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 503,809.77 AA+ Aaa 5/19/2023 5/24/2023 488,301.87 4.29 1,405.21 496,504.70 495,086.30 FHMS K063 A2DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 600,000.00 AA+ Aaa 10/17/2023 10/20/2023 565,687.50 5.33 1,715.00 580,901.81 591,051.60 FHMS K065 A2DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 650,000.00 AA+ Aaa 11/9/2023 11/14/2023 612,345.70 5.07 1,756.63 627,425.62 637,124.80 FNA 2024-M6 A2DTD 11/01/2024 3.005% 07/01/2027
3136BTGM9 1,175,000.00 AA+ Aaa 12/12/2024 12/17/2024 1,133,875.00 4.32 2,942.02 1,138,181.01 1,143,793.18 FHMS K068 A2DTD 10/01/2017 3.244% 08/01/2027
3137FBBX3 800,000.00 AA+ Aaa 6/17/2024 6/21/2024 763,187.50 4.80 2,162.67 771,639.29 782,397.60 FHMS K069 A2DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 789,080.23 AA+ Aaa 6/17/2024 6/21/2024 750,920.80 4.78 2,095.67 759,442.81 769,234.07 FHMS K739 A2DTD 11/01/2020 1.336% 09/01/2027
3137F64P9 1,450,000.00 AA+ Aaa 10/30/2024 11/4/2024 1,338,701.17 4.14 1,614.33 1,353,533.00 1,362,054.60 FHMS K070 A2DTD 12/01/2017 3.303% 11/01/2027
3137FCJK1 675,000.00 AA+ Aaa 7/29/2024 8/1/2024 649,291.99 4.54 1,857.94 654,129.52 659,221.87 FHMS K074 A2DTD 03/01/2018 3.600% 01/01/2028
3137F4D41 800,000.00 AA+ Aaa 2/27/2025 3/4/2025 782,843.75 4.39 2,400.00 783,260.49 785,784.80 30 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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
FHMS K075 A2DTD 04/01/2018 3.650% 02/01/2028
3137F4X72 1,000,000.00 AA+ Aaa 3/5/2025 3/10/2025 982,539.06 4.28 3,041.67 982,862.98 982,383.00 FHMS K076 A2DTD 05/01/2018 3.900% 04/01/2028
3137FEZU7 275,000.00 AA+ Aaa 3/26/2025 3/31/2025 271,283.20 4.38 893.75 271,186.76 271,888.65 FHMS K076 A2DTD 05/01/2018 3.900% 04/01/2028
3137FEZU7 900,000.00 AA+ Aaa 3/4/2025 3/7/2025 890,085.94 4.27 2,925.00 890,284.69 889,817.40 Security Type Sub-Total 17,897,661.11 17,143,725.32 4.53 45,176.61 17,447,045.79 17,527,469.96 ABS
HAROT 2021-4 A3DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 22,005.47 NR Aaa 11/16/2021 11/24/2021 22,000.83 0.89 5.38 22,004.57 21,930.60 TAOT 2021-D A3DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 24,954.26 AAA NR 11/9/2021 11/15/2021 24,953.72 0.71 7.87 24,954.13 24,882.01 HAROT 2022-1 A3DTD 02/23/2022 1.880% 05/15/2026
43815BAC4 66,115.09 AAA Aaa 2/15/2022 2/23/2022 66,105.14 1.88 55.24 66,112.45 65,759.06 FORDO 2022-A A3DTD 01/24/2022 1.290% 06/15/2026
345286AC2 14,289.93 AAA NR 1/19/2022 1/24/2022 14,288.23 1.29 8.19 14,289.47 14,242.23 CARMX 2021-3 A3DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 47,362.89 AAA Aaa 7/21/2021 7/28/2021 47,355.10 0.56 11.58 47,360.96 47,219.62 VALET 2021-1 A3DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 7,405.34 AAA Aaa 12/7/2021 12/13/2021 7,405.05 1.02 2.31 7,405.27 7,391.60 BMWOT 2022-A A3DTD 05/18/2022 3.210% 08/25/2026
05602RAD3 82,249.06 AAA Aaa 5/10/2022 5/18/2022 82,244.79 3.21 44.00 82,247.66 81,986.03 TAOT 2022-B A3DTD 04/13/2022 2.930% 09/15/2026
89238FAD5 115,511.21 AAA Aaa 4/7/2022 4/13/2022 115,508.51 2.93 150.42 115,510.32 115,004.69 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 45,379.22 AAA Aaa 10/19/2021 10/27/2021 45,378.36 0.77 15.53 45,378.96 45,127.91 GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 37,123.22 AAA Aaa 10/13/2021 10/21/2021 37,122.27 0.68 10.52 37,122.94 36,928.10 KCOT 2022-1A A3DTD 03/23/2022 2.670% 10/15/2026
50117EAC8 286,887.23 NR Aaa 3/15/2022 3/23/2022 286,846.21 2.69 340.44 286,873.39 284,992.34 WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 38,253.67 AAA NR 10/26/2021 11/3/2021 38,248.46 0.82 13.77 38,252.05 38,123.30 31 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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
HART 2022-B A3DTD 07/20/2022 3.720% 11/16/2026
44918MAD2 156,739.22 AAA NR 7/12/2022 7/20/2022 156,739.16 3.72 259.14 156,739.19 156,359.91 GMCAR 2022-1 A3DTD 01/19/2022 1.260% 11/16/2026
380146AC4 47,739.69 AAA NR 1/11/2022 1/19/2022 47,735.54 1.26 25.06 47,738.29 47,488.25 KCOT 2022-2A A3DTD 07/21/2022 4.090% 12/15/2026
50117JAC7 366,060.38 NR Aaa 7/14/2022 7/21/2022 365,993.28 4.09 665.42 366,034.37 365,242.97 HDMOT 2022-A A3DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 144,071.99 AAA Aaa 4/12/2022 4/20/2022 144,048.00 3.06 195.94 144,062.67 143,539.35 CARMX 2022-2 A3DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 172,763.28 AAA Aaa 4/21/2022 4/28/2022 172,737.00 3.49 267.98 172,753.02 172,149.63 GMCAR 2022-2 A3DTD 04/13/2022 3.100% 02/16/2027
362585AC5 119,959.68 AAA Aaa 4/5/2022 4/13/2022 119,934.61 3.10 154.95 119,949.97 119,342.12 COPAR 2022-1 A3DTD 05/04/2022 3.170% 04/15/2027
14043QAC6 180,853.67 AAA NR 4/26/2022 5/4/2022 180,814.15 3.17 254.80 180,837.38 179,730.02 TAOT 2022-C A3DTD 08/16/2022 3.760% 04/15/2027
89231CAD9 143,795.63 AAA NR 8/8/2022 8/16/2022 143,771.60 3.76 240.30 143,785.12 143,188.09 CARMX 2022-3 A3DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 362,404.81 AAA NR 7/12/2022 7/20/2022 362,396.26 3.97 639.44 362,401.13 361,460.38 GMCAR 2022-3 A3DTD 07/13/2022 3.640% 04/16/2027
36265WAD5 201,615.42 NR Aaa 7/6/2022 7/13/2022 201,614.03 3.64 305.78 201,614.82 200,970.86 AMXCA 2022-2 A
DTD 05/24/2022 3.390% 05/15/2027
02582JJT8 1,090,000.00 AAA NR 5/17/2022 5/24/2022 1,089,758.89 3.39 1,642.27 1,089,897.15 1,088,284.34 COPAR 2022-2 A3DTD 08/10/2022 3.660% 05/17/2027
14043GAD6 234,321.23 AAA Aaa 8/2/2022 8/10/2022 234,304.45 3.66 381.16 234,313.74 233,221.56 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
02008MAC3 521,099.68 AAA Aaa 10/4/2022 10/12/2022 521,093.22 4.76 1,102.42 521,096.69 521,397.75 NAROT 2022-B A3DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 280,673.30 AAA Aaa 9/20/2022 9/28/2022 280,615.23 4.46 556.36 280,646.65 280,493.95 KCOT 2023-1A A3DTD 03/31/2023 5.020% 06/15/2027
50117KAC4 501,156.74 NR Aaa 3/28/2023 3/31/2023 501,078.32 5.08 1,118.14 501,115.61 503,113.76 CARMX 2022-4 A3DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 546,162.42 AAA NR 10/26/2022 10/31/2022 546,034.35 5.35 1,296.23 546,098.94 548,427.90 MBART 2022-1 A3DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 644,153.94 AAA Aaa 11/15/2022 11/22/2022 644,026.52 5.21 1,491.57 644,090.01 646,023.91 32 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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
TAOT 2023-A A3DTD 01/30/2023 4.630% 09/15/2027
891940AC2 197,096.89 AAA NR 1/24/2023 1/30/2023 197,096.79 4.63 405.58 197,096.84 197,191.10 HAROT 2023-2 A3DTD 05/30/2023 4.930% 11/15/2027
437927AC0 365,000.00 AAA Aaa 5/23/2023 5/30/2023 364,940.87 4.93 799.76 364,965.22 366,142.09 MBART 2023-1 A3DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 172,316.79 AAA NR 1/18/2023 1/25/2023 172,296.12 4.51 345.40 172,305.51 172,269.92 CCCIT 2023-A1 A1DTD 12/11/2023 5.230% 12/08/2027
17305EGW9 215,000.00 AAA Aaa 12/4/2023 12/11/2023 214,973.04 5.23 3,529.52 214,981.38 215,959.76 HDMOT 2023-A A3DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 378,829.75 NR Aaa 2/13/2023 2/23/2023 378,791.60 5.05 850.26 378,808.30 379,875.32 KCOT 2025-1A A2DTD 02/19/2025 4.610% 12/15/2027
50117FAB7 375,000.00 NR Aaa 2/11/2025 2/19/2025 374,953.13 4.61 768.33 374,955.25 375,786.00 KCOT 2023-2A A3DTD 07/26/2023 5.280% 01/18/2028
500945AC4 390,000.00 NR Aaa 7/18/2023 7/26/2023 389,901.49 5.29 915.20 389,938.46 393,564.99 TAOT 2023-B A3DTD 05/23/2023 4.710% 02/15/2028
891941AD8 590,000.00 NR Aaa 5/16/2023 5/23/2023 589,967.02 4.71 1,235.07 589,979.96 590,610.65 FORDO 2023-A A3DTD 03/31/2023 4.650% 02/15/2028
344928AD8 324,580.46 AAA NR 3/28/2023 3/31/2023 324,546.61 4.65 670.80 324,560.50 325,030.00 BAAT 2023-1A A3DTD 07/31/2023 5.530% 02/15/2028
06428AAC2 374,153.50 NR Aaa 7/25/2023 7/31/2023 374,139.32 5.53 919.59 374,144.52 376,817.10 GMCAR 2023-2 A3DTD 04/12/2023 4.470% 02/16/2028
362583AD8 349,836.14 AAA Aaa 4/4/2023 4/12/2023 349,826.53 4.47 651.57 349,830.44 349,653.53 BMWOT 2023-A A3DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 231,264.95 AAA NR 7/11/2023 7/18/2023 231,223.97 5.47 210.84 231,239.13 232,784.59 DCENT 2023-A1 ADTD 04/11/2023 4.310% 03/15/2028
254683CY9 460,000.00 NR Aaa 4/4/2023 4/11/2023 459,973.32 4.31 881.16 459,984.00 459,651.32 FORDO 2023-B A3DTD 06/26/2023 5.230% 05/15/2028
344930AD4 415,000.00 AAA NR 6/21/2023 6/26/2023 414,994.40 5.23 964.64 414,996.42 418,183.47 BACCT 2023-A1 A1DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 245,000.00 AAA NR 6/8/2023 6/16/2023 244,944.53 4.79 521.58 244,964.75 246,092.21 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 380,000.00 AAA NR 6/7/2023 6/14/2023 379,966.29 4.87 822.49 379,978.60 382,087.72 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 515,000.00 NR Aaa 7/11/2023 7/19/2023 514,912.19 5.48 1,249.73 514,943.15 519,002.07 33 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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
HAROT 2023-4 A3DTD 11/08/2023 5.670% 06/21/2028
438123AC5 250,000.00 NR Aaa 11/1/2023 11/8/2023 249,955.98 5.67 393.75 249,968.41 253,000.50 KCOT 2024-1A A3DTD 02/21/2024 5.190% 07/17/2028
50117BAC4 405,000.00 NR Aaa 2/14/2024 2/21/2024 404,984.16 5.19 934.20 404,988.98 409,545.72 FITAT 2023-1 A3DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 790,000.00 AAA Aaa 8/15/2023 8/23/2023 789,951.02 5.53 1,941.64 789,966.82 796,933.04 TAOT 2023-D A3DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 200,000.00 AAA NR 11/7/2023 11/14/2023 199,978.44 5.54 492.44 199,984.65 202,999.20 GMCAR 2023-4 A3DTD 10/11/2023 5.780% 08/16/2028
379930AD2 340,000.00 AAA Aaa 10/3/2023 10/11/2023 339,930.16 5.78 818.83 339,950.07 344,415.58 HART 2023-C A3DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 240,000.00 AAA NR 11/3/2023 11/13/2023 239,968.44 5.54 590.93 239,976.90 243,131.52 KCOT 2024-2A A3DTD 06/25/2024 5.260% 11/15/2028
50117DAC0 510,000.00 NR Aaa 6/18/2024 6/25/2024 509,987.76 5.26 1,192.27 509,989.93 518,204.88 BACCT 2023-A2 A2DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 265,000.00 NR Aaa 12/7/2023 12/14/2023 264,964.41 4.98 586.53 264,973.70 267,903.60 BAAT 2024-1A A3DTD 05/22/2024 5.350% 11/15/2028
09709AAC6 170,000.00 NR Aaa 5/14/2024 5/22/2024 169,972.32 5.35 404.22 169,977.66 171,925.59 NAROT 2024-A A3DTD 05/22/2024 5.280% 12/15/2028
65479UAD0 1,180,000.00 NR Aaa 5/14/2024 5/22/2024 1,179,889.79 5.28 2,769.07 1,179,908.84 1,194,141.12 CHAIT 2024-A1 ADTD 01/31/2024 4.600% 01/16/2029
161571HV9 1,085,000.00 AAA NR 1/24/2024 1/31/2024 1,084,834.75 4.60 2,218.22 1,084,871.88 1,090,878.53 BMWOT 2024-A A3DTD 06/11/2024 5.180% 02/26/2029
096919AD7 640,000.00 AAA Aaa 6/4/2024 6/11/2024 639,902.78 5.18 552.53 639,918.75 647,820.80 USAOT 2024-A A3DTD 07/30/2024 5.030% 03/15/2029
90327VAC2 320,000.00 AAA Aaa 7/24/2024 7/30/2024 319,940.10 5.03 715.38 319,948.45 322,570.88 GMCAR 2024-2 A3DTD 04/10/2024 5.100% 03/16/2029
379931AD0 310,000.00 AAA Aaa 4/4/2024 4/10/2024 309,940.02 5.10 658.75 309,951.21 313,065.90 FORDO 2024-B A3DTD 06/24/2024 5.100% 04/15/2029
34531QAD1 915,000.00 AAA Aaa 6/18/2024 6/24/2024 914,991.58 5.10 2,074.00 914,993.33 926,613.18 GMCAR 2024-3 A3DTD 07/10/2024 5.130% 04/16/2029
38013KAD2 605,000.00 AAA Aaa 7/2/2024 7/10/2024 604,906.89 5.13 1,293.19 604,920.66 611,775.40 HART 2024-C A3DTD 10/16/2024 4.410% 05/15/2029
448976AD2 520,000.00 AAA NR 10/8/2024 10/16/2024 519,961.94 4.41 1,019.20 519,966.74 520,528.32 34 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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
AMXCA 2024-3 A
DTD 07/23/2024 4.650% 07/15/2029
02589BAE0 565,000.00 AAA NR 7/16/2024 7/23/2024 564,974.35 4.65 1,167.67 564,978.07 569,475.93 ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
02007NAC2 300,000.00 AAA NR 9/24/2024 9/27/2024 299,968.98 4.14 552.00 299,972.91 298,453.50 VALET 2024-1 A3DTD 11/26/2024 4.630% 07/20/2029
92868RAD0 255,000.00 AAA Aaa 11/19/2024 11/26/2024 254,975.98 4.63 360.75 254,978.15 256,450.19 TAOT 2025-A A3DTD 01/29/2025 4.640% 08/15/2029
89240JAD3 685,000.00 NR Aaa 1/22/2025 1/29/2025 684,972.53 4.64 1,412.62 684,975.65 690,129.28 GMCAR 2024-4 A3DTD 10/16/2024 4.400% 08/16/2029
38014AAD3 415,000.00 AAA Aaa 10/8/2024 10/16/2024 414,920.07 4.40 760.83 414,927.46 415,404.63 VALET 2025-1 A3DTD 03/25/2025 4.500% 08/20/2029
92868MAD1 1,005,000.00 NR Aaa 3/18/2025 3/25/2025 1,004,965.83 4.50 753.75 1,004,968.05 1,007,557.72 CHAOT 2024-5A A3DTD 09/24/2024 4.180% 08/27/2029
16144QAC9 295,000.00 AAA NR 9/13/2024 9/24/2024 294,968.97 4.18 205.52 294,972.74 293,283.40 COMET 2024-A1 ADTD 09/24/2024 3.920% 09/15/2029
14041NGE5 1,055,000.00 AAA NR 9/17/2024 9/24/2024 1,054,794.06 3.92 1,838.04 1,054,814.84 1,047,805.96 FORDO 2025-A A3DTD 03/25/2025 4.450% 10/15/2029
34535KAD0 1,215,000.00 AAA Aaa 3/18/2025 3/25/2025 1,214,881.90 4.45 901.13 1,214,885.35 1,217,790.85 HART 2025-A A3DTD 03/12/2025 4.320% 10/15/2029
44935CAD3 985,000.00 AAA NR 3/4/2025 3/12/2025 984,854.71 4.32 2,245.80 984,858.15 983,424.00 WFCIT 2024-A2 ADTD 10/24/2024 4.290% 10/15/2029
92970QAE5 515,000.00 AAA Aaa 10/17/2024 10/24/2024 514,923.47 4.29 981.93 514,930.03 514,616.33 GMCAR 2025-1 A3DTD 01/15/2025 4.620% 12/17/2029
362955AD8 485,000.00 NR Aaa 1/9/2025 1/15/2025 484,963.96 4.62 995.87 484,967.22 487,767.41 MBART 2025-1 A3DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 620,000.00 NR Aaa 1/14/2025 1/23/2025 619,868.13 4.78 1,317.16 619,874.70 625,294.18 VZMT 2025-3 A1ADTD 03/31/2025 4.510% 03/20/2030
92348KDY6 905,000.00 NR Aaa 3/25/2025 3/31/2025 904,961.09 4.51 113.38 904,850.69 905,282.81 Security Type Sub-Total 30,524,186.15 30,520,653.07 4.63 59,265.33 30,521,570.34 30,642,914.03 Managed Account Sub Total 159,146,847.26 158,066,904.22 1,300,511.24 159,501,556.98Securities Sub TotalAccrued Interest $159,146,847.26 $158,066,904.22 $1,300,511.24 $159,501,556.98 $1,300,511.24
158,505,070.56
$158,505,070.56

4.53 4.53%
35 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Portfolio Holdings
Total Investments $160,802,068.22
36 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
BUY1/6/2025 1/8/2025 500,000.00 14913UAV2 CATERPILLAR FINL SERVICE (CALLABLE) 4.50% 1/7/2027 499,775.00 4.52%1/6/2025 1/10/2025 365,000.00 90261AAD4 UBS AG STAMFORD CT (CALLABLE) 4.86% 1/10/2028 365,000.00 4.86%1/9/2025 1/15/2025 485,000.00 362955AD8 GMCAR 2025-1 A3 4.62% 12/17/2029 484,963.96 4.62%1/9/2025 1/15/2025 1,575,000.00 91282CMF5 US TREASURY N/B 4.25% 1/15/2028 1,571,124.02 4.34%1/13/2025 1/21/2025 775,000.00 21688ABK7 COOPERAT RABOBANK UA/NY 4.88% 1/21/2028 775,000.00 4.88%1/14/2025 1/17/2025 700,000.00 00724PAH2 ADOBE INC (CALLABLE) 4.75% 1/17/2028 699,629.00 4.77%1/14/2025 1/23/2025 620,000.00 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 619,868.13 4.78%1/16/2025 1/21/2025 410,000.00 61690DK72 MORGAN STANLEY BANK NA (CALLABLE) 5.01% 1/12/2029 410,000.00 5.02%1/16/2025 1/24/2025 250,000.00 46647PEU6 JPMORGAN CHASE & CO (CALLABLE) 4.91% 1/24/2029 250,000.00 4.92%1/17/2025 1/24/2025 610,000.00 06051GMK2 BANK OF AMERICA CORP (CALLABLE) 4.97% 1/24/2029 610,000.00 4.98%1/22/2025 1/29/2025 685,000.00 89240JAD3 TAOT 2025-A A3 4.64% 8/15/2029 684,972.53 4.64%2/3/2025 2/6/2025 1,575,000.00 91282CMF5 US TREASURY N/B 4.25% 1/15/2028 1,578,391.26 4.26%2/4/2025 2/7/2025 170,000.00 63743HFW7 NATIONAL RURAL UTIL COOP (CALLABLE) 4.75% 2/7/2028 169,925.20 4.77%2/5/2025 2/7/2025 1,175,000.00 713448GA0 PEPSICO INC (CALLABLE) 4.45% 2/7/2028 1,174,506.50 4.47%2/10/2025 2/12/2025 265,000.00 532457CU0 ELI LILLY & CO (CALLABLE) 4.55% 2/12/2028 264,830.40 4.57%2/11/2025 2/19/2025 375,000.00 50117FAB7 KCOT 2025-1A A2 4.61% 12/15/2027 374,953.13 4.61%2/18/2025 2/20/2025 325,000.00 478160DH4 JOHNSON & JOHNSON (CALLABLE) 4.55% 3/1/2028 324,811.50 4.57% 37 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
BUY2/18/2025 2/27/2025 375,000.00 57636QBF0 MASTERCARD INC (CALLABLE) 4.55% 3/15/2028 374,715.00 4.58%2/19/2025 2/24/2025 320,000.00 427866BK3 HERSHEY COMPANY (CALLABLE) 4.55% 2/24/2028 319,779.20 4.57%2/20/2025 3/3/2025 1,175,000.00 69371RT63 PACCAR FINANCIAL CORP 4.55% 3/3/2028 1,174,283.25 4.57%2/24/2025 2/26/2025 940,000.00 166756BB1 CHEVRON USA INC (CALLABLE) 4.47% 2/26/2028 940,000.00 4.48%2/27/2025 3/4/2025 800,000.00 3137F4D41 FHMS K074 A2 3.60% 1/1/2028 783,083.75 4.39%3/4/2025 3/7/2025 900,000.00 3137FEZU7 FHMS K076 A2 3.90% 4/1/2028 890,670.94 4.27%3/4/2025 3/12/2025 985,000.00 44935CAD3 HART 2025-A A3 4.32% 10/15/2029 984,854.71 4.32%3/5/2025 3/10/2025 1,000,000.00 3137F4X72 FHMS K075 A2 3.65% 2/1/2028 983,451.56 4.28%3/5/2025 3/12/2025 290,000.00 571676AX3 MARS INC (CALLABLE) 4.60% 3/1/2028 289,997.10 4.60%3/6/2025 3/14/2025 450,000.00 20271RAV2 COMMONWEALTH BK AUSTR NY 4.42% 3/14/2028 450,000.00 4.42%3/10/2025 3/24/2025 600,000.00 007903BJ5 ADVANCED MICRO DEVICES (CALLABLE) 4.31% 3/24/2028 600,000.00 4.32%3/17/2025 3/21/2025 335,000.00 05565ECW3 BMW US CAPITAL LLC 4.75% 3/21/2028 334,832.50 4.77%3/18/2025 3/25/2025 1,005,000.00 92868MAD1 VALET 2025-1 A3 4.50% 8/20/2029 1,004,965.83 4.50%3/18/2025 3/25/2025 1,215,000.00 34535KAD0 FORDO 2025-A A3 4.45% 10/15/2029 1,214,881.90 4.45%3/25/2025 3/31/2025 905,000.00 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 904,961.09 4.51%3/26/2025 3/31/2025 275,000.00 3137FEZU7 FHMS K076 A2 3.90% 4/1/2028 272,176.95 4.38% Total BUY 22,430,000.00 22,380,404.41 0.00
38 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
CALL1/25/2025 1/25/2025 150,000.00 17327CAN3 CITIGROUP INC (CALLABLE) 2.01% 1/25/2026 150,000.00 2.01%1/26/2025 1/26/2025 120,000.00 857477BZ5 STATE STREET CORP (CALLABLE) 4.85% 1/26/2026 120,000.00 4.86%2/6/2025 2/6/2025 300,000.00 857477BR3 STATE STREET CORP (CALLABLE) 1.78% 2/6/2026 300,000.002/18/2025 2/18/2025 875,000.00 61747YEM3 MORGAN STANLEY (CALLABLE) 0.00% 2/18/2026 875,000.003/30/2025 3/30/2025 150,000.00 857477BM4 STATE STREET CORP (CALLABLE) 2.90% 3/30/2026 150,000.00 2.90%3/30/2025 3/30/2025 700,000.00 857477BM4 STATE STREET CORP (CALLABLE) 2.90% 3/30/2026 700,000.00 2.90% Total CALL 2,295,000.00 2,295,000.00 0.00
INTEREST1/1/2025 1/1/2025 341271AD6 FLORIDA ST BRD OF ADM 1.25% 7/1/2025 2,484.551/1/2025 1/25/2025 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 1,496.161/1/2025 1/25/2025 3137FBBX3 FHMS K068 A2 3.24% 8/1/2027 2,162.671/1/2025 1/25/2025 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 1,715.001/1/2025 1/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,756.631/1/2025 1/25/2025 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 1,614.331/1/2025 1/25/2025 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 1,599.451/1/2025 1/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,414.151/1/2025 1/25/2025 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,516.12 39 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST1/1/2025 1/25/2025 3137FCJK1 FHMS K070 A2 3.30% 11/1/2027 1,857.941/1/2025 1/25/2025 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 2,106.601/1/2025 1/25/2025 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 1,853.951/1/2025 1/25/2025 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 3,250.001/1/2025 1/25/2025 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 3,479.451/1/2025 1/25/2025 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 2,730.631/1/2025 1/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,658.131/1/2025 1/25/2025 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 2,558.231/1/2025 1/25/2025 3136BTGM9 FNA 2024-M6 A2 3.00% 7/1/2027 2,844.851/1/2025 1/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,004.221/2/2025 1/2/2025 MONEY0002 MONEY MARKET FUND 0.00% 437.891/7/2025 1/7/2025 02665WEK3 AMERICAN HONDA FINANCE 5.25% 7/7/2026 8,662.501/8/2025 1/8/2025 14913UAE0 CATERPILLAR FINL SERVICE 4.50% 1/8/2027 10,575.001/9/2025 1/9/2025 21688ABA9 COOPERAT RABOBANK UA/NY 4.85% 1/9/2026 18,187.501/12/2025 1/12/2025 02665WEC1 AMERICAN HONDA FINANCE 4.75% 1/12/2026 4,512.501/12/2025 1/12/2025 63253QAA2 NATIONAL AUSTRALIA BK/NY 4.96% 1/12/2026 25,947.351/14/2025 1/14/2025 61690U8E3 MORGAN STANLEY BANK NA (CALLABLE) 4.96% 7/14/2028 7,969.50 40 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST1/15/2025 1/15/2025 65479UAD0 NAROT 2024-A A3 5.28% 12/15/2028 5,192.001/15/2025 1/15/2025 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,797.251/15/2025 1/15/2025 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 2,737.111/15/2025 1/15/2025 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 1,666.841/15/2025 1/15/2025 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 1,751.631/15/2025 1/15/2025 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 60.281/15/2025 1/15/2025 91282CJT9 US TREASURY N/B 4.00% 1/15/2027 50,000.001/15/2025 1/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 1,099.751/15/2025 1/15/2025 02582JJT8 AMXCA 2022-2 A 3.39% 5/15/2027 3,079.251/15/2025 1/15/2025 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 10.341/15/2025 1/15/2025 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 2,315.751/15/2025 1/15/2025 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 3,027.161/15/2025 1/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 1,562.491/15/2025 1/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 3,640.581/15/2025 1/15/2025 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 64.211/15/2025 1/15/2025 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 919.931/15/2025 1/15/2025 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 728.11 41 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST1/15/2025 1/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 977.961/15/2025 1/15/2025 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 419.721/15/2025 1/15/2025 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 21.261/15/2025 1/15/2025 14041NGE5 COMET 2024-A1 A 3.92% 9/15/2029 3,446.331/15/2025 1/15/2025 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 637.961/15/2025 1/15/2025 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 4,159.171/15/2025 1/15/2025 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 33.671/15/2025 1/15/2025 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 923.331/15/2025 1/15/2025 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 1,499.541/15/2025 1/15/2025 254683CW3 DCENT 2022-A3 A3 3.56% 7/15/2027 2,729.331/15/2025 1/15/2025 02007NAC2 ALLYA 2024-2 A3 4.14% 7/16/2029 1,035.001/15/2025 1/15/2025 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 2,133.501/15/2025 1/15/2025 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 57.801/15/2025 1/15/2025 91282CKZ3 US TREASURY N/B 4.37% 7/15/2027 33,359.381/15/2025 1/15/2025 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 576.761/15/2025 1/15/2025 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 2,235.501/15/2025 1/15/2025 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 2,343.25 42 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST1/15/2025 1/15/2025 90327VAC2 USAOT 2024-A A3 5.03% 3/15/2029 1,341.331/15/2025 1/15/2025 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 757.921/15/2025 1/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 1,309.921/15/2025 1/15/2025 448976AD2 HART 2024-C A3 4.41% 5/15/2029 1,911.001/15/2025 1/15/2025 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 1,716.001/15/2025 1/15/2025 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 1,841.131/15/2025 1/15/2025 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 895.631/15/2025 1/15/2025 57636QBA1 MASTERCARD INC (CALLABLE) 4.10% 1/15/2028 5,107.921/15/2025 1/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,652.171/15/2025 1/15/2025 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 3,572.001/15/2025 1/15/2025 91282CHM6 US TREASURY N/B 4.50% 7/15/2026 65,250.001/15/2025 1/15/2025 34531QAD1 FORDO 2024-B A3 5.10% 4/15/2029 3,888.751/15/2025 1/15/2025 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 710.151/15/2025 1/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 918.781/15/2025 1/15/2025 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 43.431/15/2025 1/15/2025 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 579.101/15/2025 1/15/2025 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 1,808.71 43 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST1/15/2025 1/15/2025 43815BAC4 HAROT 2022-1 A3 1.88% 5/15/2026 177.891/15/2025 1/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 1,472.501/15/2025 1/15/2025 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 1,108.001/15/2025 1/15/2025 02589BAE0 AMXCA 2024-3 A 4.65% 7/15/2029 2,189.381/15/2025 1/15/2025 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 811.611/15/2025 1/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 1,942.811/15/2025 1/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,542.171/16/2025 1/16/2025 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 1,521.671/16/2025 1/16/2025 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 849.041/16/2025 1/16/2025 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 42.811/16/2025 1/16/2025 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 91.851/16/2025 1/16/2025 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,637.671/16/2025 1/16/2025 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 434.251/16/2025 1/16/2025 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 1,452.751/16/2025 1/16/2025 379931AD0 GMCAR 2024-2 A3 5.10% 3/16/2029 1,317.501/16/2025 1/16/2025 38013KAD2 GMCAR 2024-3 A3 5.13% 4/16/2029 2,586.381/17/2025 1/17/2025 21684LGS5 COOPERAT RABOBANK UA/NY 5.08% 7/17/2026 27,940.00 44 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST1/18/2025 1/18/2025 05253JAZ4 AUST & NZ BANKING GRP NY 4.75% 1/18/2027 23,750.001/20/2025 1/20/2025 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 59.591/20/2025 1/20/2025 92868RAD0 VALET 2024-1 A3 4.63% 7/20/2029 983.881/21/2025 1/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 1,181.251/21/2025 1/21/2025 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 49.471/22/2025 1/22/2025 46647PEL6 JPMORGAN CHASE & CO (CALLABLE) 4.97% 7/22/2028 10,829.331/25/2025 1/25/2025 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 2,762.671/25/2025 1/25/2025 17327CAN3 CITIGROUP INC (CALLABLE) 2.01% 1/25/2026 1,510.501/25/2025 1/25/2025 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 359.461/25/2025 1/25/2025 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 1,116.791/25/2025 1/25/2025 16144QAC9 CHAOT 2024-5A A3 4.18% 8/27/2029 1,027.581/26/2025 1/26/2025 857477BZ5 STATE STREET CORP (CALLABLE) 4.85% 1/26/2026 2,914.201/26/2025 1/26/2025 025816DV8 AMERICAN EXPRESS CO (CALLABLE) 5.04% 7/26/2028 3,782.251/26/2025 1/26/2025 09290DAH4 BLACKROCK FUNDING INC (CALLABLE) 4.60% 7/26/2027 17,135.001/26/2025 1/26/2025 693475BL8 PNC FINANCIAL SERVICES (CALLABLE) 4.75% 1/26/2027 2,022.151/28/2025 1/28/2025 89788MAH5 TRUIST FINANCIAL CORP (CALLABLE) 4.26% 7/28/2026 9,904.501/30/2025 1/30/2025 438516CX2 HONEYWELL INTERNATIONAL (CALLABLE) 4.65% 7/30/2027 16,762.60 45 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST1/31/2025 1/31/2025 91282CLB5 US TREASURY N/B 4.37% 7/31/2026 72,734.382/1/2025 2/25/2025 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 1,403.972/1/2025 2/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,658.132/1/2025 2/25/2025 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 1,596.132/1/2025 2/25/2025 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 2,103.202/1/2025 2/25/2025 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 1,715.002/1/2025 2/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,756.632/1/2025 2/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,411.352/1/2025 2/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 973.132/1/2025 2/25/2025 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 3,477.852/1/2025 2/25/2025 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 1,852.042/1/2025 2/25/2025 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,514.042/1/2025 2/25/2025 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 2,730.632/1/2025 2/25/2025 3137FCJK1 FHMS K070 A2 3.30% 11/1/2027 1,857.942/1/2025 2/25/2025 3136BTGM9 FNA 2024-M6 A2 3.00% 7/1/2027 2,847.422/1/2025 2/25/2025 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 2,558.232/1/2025 2/25/2025 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 1,614.33 46 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST2/1/2025 2/25/2025 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 3,250.002/1/2025 2/25/2025 3137FBBX3 FHMS K068 A2 3.24% 8/1/2027 2,162.672/3/2025 2/3/2025 857477CD3 STATE STREET CORP (CALLABLE) 5.27% 8/3/2026 10,939.402/3/2025 2/3/2025 MONEY0002 MONEY MARKET FUND 0.00% 769.482/5/2025 2/5/2025 22536DWD6 CREDIT AGRICOLE CIB NY 4.76% 2/1/2027 54,442.502/6/2025 2/6/2025 857477BR3 STATE STREET CORP (CALLABLE) 1.78% 2/6/2026 2,619.002/7/2025 2/7/2025 89236TMJ1 TOYOTA MOTOR CREDIT CORP 4.55% 8/7/2026 2,474.692/7/2025 2/7/2025 94988J6D4 WELLS FARGO BANK NA (CALLABLE) 5.45% 8/7/2026 12,262.502/8/2025 2/8/2025 882508CE2 TEXAS INSTRUMENTS INC (CALLABLE) 4.60% 2/8/2027 14,835.002/9/2025 2/9/2025 532457CJ5 ELI LILLY & CO (CALLABLE) 4.50% 2/9/2027 16,650.002/12/2025 2/12/2025 904764BU0 UNILEVER CAPITAL CORP (CALLABLE) 4.25% 8/12/2027 6,481.252/13/2025 2/13/2025 05565ECQ6 BMW US CAPITAL LLC 4.60% 8/13/2027 17,250.002/15/2025 2/15/2025 02582JJT8 AMXCA 2022-2 A 3.39% 5/15/2027 3,079.252/15/2025 2/15/2025 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 1,499.542/15/2025 2/15/2025 14041NGE5 COMET 2024-A1 A 3.92% 9/15/2029 3,446.332/15/2025 2/15/2025 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 583.872/15/2025 2/15/2025 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 641.25 47 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST2/15/2025 2/15/2025 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 50.692/15/2025 2/15/2025 02589BAE0 AMXCA 2024-3 A 4.65% 7/15/2029 2,189.382/15/2025 2/15/2025 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 923.332/15/2025 2/15/2025 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 12.792/15/2025 2/15/2025 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 372.612/15/2025 2/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 1,099.752/15/2025 2/15/2025 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 2,133.502/15/2025 2/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,652.172/15/2025 2/15/2025 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 4,159.172/15/2025 2/15/2025 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 1,108.002/15/2025 2/15/2025 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 27.122/15/2025 2/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 977.962/15/2025 2/15/2025 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 1,716.002/15/2025 2/15/2025 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 757.922/15/2025 2/15/2025 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 851.592/15/2025 2/15/2025 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 33.622/15/2025 2/15/2025 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,797.25 48 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST2/15/2025 2/15/2025 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 75,281.252/15/2025 2/15/2025 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 1,751.632/15/2025 2/15/2025 43815BAC4 HAROT 2022-1 A3 1.88% 5/15/2026 152.252/15/2025 2/15/2025 90327VAC2 USAOT 2024-A A3 5.03% 3/15/2029 1,341.332/15/2025 2/15/2025 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 1,808.712/15/2025 2/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 1,429.192/15/2025 2/15/2025 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 47.992/15/2025 2/15/2025 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 752.342/15/2025 2/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 1,831.032/15/2025 2/15/2025 34531QAD1 FORDO 2024-B A3 5.10% 4/15/2029 3,888.752/15/2025 2/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,542.172/15/2025 2/15/2025 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 2,514.572/15/2025 2/15/2025 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 1,841.132/15/2025 2/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 1,811.092/15/2025 2/15/2025 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 3,297.032/15/2025 2/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 3,640.582/15/2025 2/15/2025 91282CHU8 US TREASURY N/B 4.37% 8/15/2026 157,500.00 49 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST2/15/2025 2/15/2025 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 533.192/15/2025 2/15/2025 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 47.892/15/2025 2/15/2025 448976AD2 HART 2024-C A3 4.41% 5/15/2029 1,911.002/15/2025 2/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 1,214.772/15/2025 2/15/2025 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 1,525.442/15/2025 2/15/2025 65479UAD0 NAROT 2024-A A3 5.28% 12/15/2028 5,192.002/15/2025 2/15/2025 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 808.912/15/2025 2/15/2025 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 509.052/15/2025 2/15/2025 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 2,343.252/15/2025 2/15/2025 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 2,235.502/15/2025 2/15/2025 91282CLG4 US TREASURY N/B 3.75% 8/15/2027 46,875.002/15/2025 2/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 1,444.592/15/2025 2/15/2025 89240JAD3 TAOT 2025-A A3 4.64% 8/15/2029 1,412.622/15/2025 2/15/2025 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 2,831.582/15/2025 2/15/2025 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 2,315.752/15/2025 2/15/2025 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 644.872/15/2025 2/15/2025 02007NAC2 ALLYA 2024-2 A3 4.14% 7/16/2029 1,035.00 50 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST2/15/2025 2/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 864.502/16/2025 2/16/2025 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 391.452/16/2025 2/16/2025 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 1,521.672/16/2025 2/16/2025 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,637.672/16/2025 2/16/2025 379931AD0 GMCAR 2024-2 A3 5.10% 3/16/2029 1,317.502/16/2025 2/16/2025 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 35.542/16/2025 2/16/2025 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 765.892/16/2025 2/16/2025 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 1,452.752/16/2025 2/16/2025 38013KAD2 GMCAR 2024-3 A3 5.13% 4/16/2029 2,586.382/16/2025 2/16/2025 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 77.332/18/2025 2/18/2025 06428CAA2 BANK OF AMERICA NA (CALLABLE) 5.52% 8/18/2026 20,031.752/18/2025 2/18/2025 362955AD8 GMCAR 2025-1 A3 4.62% 12/17/2029 2,053.982/18/2025 2/18/2025 61747YEM3 MORGAN STANLEY (CALLABLE) 0.00% 2/18/2026 11,506.252/20/2025 2/20/2025 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 40.562/20/2025 2/20/2025 92868RAD0 VALET 2024-1 A3 4.63% 7/20/2029 983.882/21/2025 2/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 1,181.252/21/2025 2/21/2025 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 38.07 51 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST2/22/2025 2/22/2025 110122EE4 BRISTOL-MYERS SQUIBB CO (CALLABLE) 4.90% 2/22/2027 5,635.002/25/2025 2/25/2025 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 310.242/25/2025 2/25/2025 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 2,762.672/25/2025 2/25/2025 16144QAC9 CHAOT 2024-5A A3 4.18% 8/27/2029 1,027.582/25/2025 2/25/2025 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 1,116.792/26/2025 2/26/2025 04636NAK9 ASTRAZENECA FINANCE LLC (CALLABLE) 4.80% 2/26/2027 13,080.002/26/2025 2/26/2025 17275RBQ4 CISCO SYSTEMS INC (CALLABLE) 4.80% 2/26/2027 22,680.003/1/2025 3/25/2025 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 2,099.783/1/2025 3/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 971.313/1/2025 3/25/2025 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 1,850.123/1/2025 3/25/2025 3137FCJK1 FHMS K070 A2 3.30% 11/1/2027 1,857.943/1/2025 3/25/2025 3136BTGM9 FNA 2024-M6 A2 3.00% 7/1/2027 2,851.713/1/2025 3/25/2025 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 2,730.633/1/2025 3/25/2025 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 1,571.903/1/2025 3/25/2025 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 3,476.253/1/2025 3/25/2025 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 2,439.873/1/2025 3/25/2025 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,511.96 52 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST3/1/2025 3/25/2025 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 1,401.783/1/2025 3/25/2025 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 1,614.333/1/2025 3/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,756.633/1/2025 3/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,658.133/1/2025 3/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,408.543/1/2025 3/25/2025 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 3,250.003/1/2025 3/25/2025 3137FBBX3 FHMS K068 A2 3.24% 8/1/2027 2,162.673/1/2025 3/25/2025 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 1,715.003/3/2025 3/3/2025 MONEY0002 MONEY MARKET FUND 0.00% 2,112.923/5/2025 3/5/2025 24422EXM6 JOHN DEERE CAPITAL CORP 4.85% 3/5/2027 12,125.003/12/2025 3/12/2025 02665WFD8 AMERICAN HONDA FINANCE 4.90% 3/12/2027 12,005.003/13/2025 3/13/2025 63743HFH0 NATIONAL RURAL UTIL COOP (CALLABLE) 4.45% 3/13/2026 2,781.253/13/2025 3/13/2025 20271RAR1 COMMONWEALTH BK AUSTR NY 5.31% 3/13/2026 18,606.003/13/2025 3/13/2025 641062BK9 NESTLE HOLDINGS INC 5.25% 3/13/2026 7,481.253/15/2025 3/15/2025 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4.253/15/2025 3/15/2025 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 568.183/15/2025 3/15/2025 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 2,624.61 53 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST3/15/2025 3/15/2025 91282CKE0 US TREASURY N/B 4.25% 3/15/2027 63,750.003/15/2025 3/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 810.503/15/2025 3/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 1,099.753/15/2025 3/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 1,123.923/15/2025 3/15/2025 02582JJT8 AMXCA 2022-2 A 3.39% 5/15/2027 3,079.253/15/2025 3/15/2025 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 4,159.173/15/2025 3/15/2025 34531QAD1 FORDO 2024-B A3 5.10% 4/15/2029 3,888.753/15/2025 3/15/2025 50117FAB7 KCOT 2025-1A A2 4.61% 12/15/2027 1,248.543/15/2025 3/15/2025 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 696.503/15/2025 3/15/2025 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 1,716.003/15/2025 3/15/2025 43815BAC4 HAROT 2022-1 A3 1.88% 5/15/2026 127.233/15/2025 3/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,652.173/15/2025 3/15/2025 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 438.513/15/2025 3/15/2025 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 2,235.503/15/2025 3/15/2025 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 23.883/15/2025 3/15/2025 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,797.253/15/2025 3/15/2025 448976AD2 HART 2024-C A3 4.41% 5/15/2029 1,911.00 54 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST3/15/2025 3/15/2025 89240JAD3 TAOT 2025-A A3 4.64% 8/15/2029 2,648.673/15/2025 3/15/2025 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 757.923/15/2025 3/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,469.673/15/2025 3/15/2025 65479UAD0 NAROT 2024-A A3 5.28% 12/15/2028 5,192.003/15/2025 3/15/2025 91282CLL3 US TREASURY N/B 3.37% 9/15/2027 129,093.753/15/2025 3/15/2025 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 3,035.953/15/2025 3/15/2025 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 37.783/15/2025 3/15/2025 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 1,841.133/15/2025 3/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 1,319.433/15/2025 3/15/2025 90327VAC2 USAOT 2024-A A3 5.03% 3/15/2029 1,341.333/15/2025 3/15/2025 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 1,499.543/15/2025 3/15/2025 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 1,381.433/15/2025 3/15/2025 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 528.713/15/2025 3/15/2025 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 561.283/15/2025 3/15/2025 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 491.083/15/2025 3/15/2025 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 780.923/15/2025 3/15/2025 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 1,808.71 55 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST3/15/2025 3/15/2025 02589BAE0 AMXCA 2024-3 A 4.65% 7/15/2029 2,189.383/15/2025 3/15/2025 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 38.123/15/2025 3/15/2025 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 2,133.503/15/2025 3/15/2025 91282CHY0 US TREASURY N/B 4.62% 9/15/2026 52,031.253/15/2025 3/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 1,711.553/15/2025 3/15/2025 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 21.013/15/2025 3/15/2025 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 2,285.173/15/2025 3/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 977.963/15/2025 3/15/2025 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 34.563/15/2025 3/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 3,640.583/15/2025 3/15/2025 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 1,108.003/15/2025 3/15/2025 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 2,315.753/15/2025 3/15/2025 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 1,751.633/15/2025 3/15/2025 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 721.123/15/2025 3/15/2025 02007NAC2 ALLYA 2024-2 A3 4.14% 7/16/2029 1,035.003/15/2025 3/15/2025 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 325.733/15/2025 3/15/2025 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 2,343.25 56 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST3/15/2025 3/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 1,340.683/15/2025 3/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,542.173/15/2025 3/15/2025 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 923.333/15/2025 3/15/2025 14041NGE5 COMET 2024-A1 A 3.92% 9/15/2029 3,446.333/15/2025 3/15/2025 362955AD8 GMCAR 2025-1 A3 4.62% 12/17/2029 1,867.253/16/2025 3/16/2025 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 63.603/16/2025 3/16/2025 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,637.673/16/2025 3/16/2025 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 28.163/16/2025 3/16/2025 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 684.273/16/2025 3/16/2025 38013KAD2 GMCAR 2024-3 A3 5.13% 4/16/2029 2,586.383/16/2025 3/16/2025 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 1,521.673/16/2025 3/16/2025 379931AD0 GMCAR 2024-2 A3 5.10% 3/16/2029 1,317.503/16/2025 3/16/2025 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 1,375.553/16/2025 3/16/2025 63743HFT4 NATIONAL RURAL UTIL COOP (CALLABLE) 4.12% 9/16/2027 6,077.003/16/2025 3/16/2025 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 349.973/18/2025 3/18/2025 05253JB26 AUST & NZ BANKING GRP NY 5.00% 3/18/2026 11,125.003/19/2025 3/19/2025 89236TLY9 TOYOTA MOTOR CREDIT CORP 5.00% 3/19/2027 7,000.00 57 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
INTEREST3/20/2025 3/20/2025 92868RAD0 VALET 2024-1 A3 4.63% 7/20/2029 983.883/20/2025 3/20/2025 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 22.633/21/2025 3/21/2025 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 26.753/21/2025 3/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 1,181.253/25/2025 3/25/2025 16144QAC9 CHAOT 2024-5A A3 4.18% 8/27/2029 1,027.583/25/2025 3/25/2025 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 1,116.793/25/2025 3/25/2025 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 2,762.673/25/2025 3/25/2025 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 263.343/30/2025 3/30/2025 437076CV2 HOME DEPOT INC (CALLABLE) 4.95% 9/30/2026 7,053.753/30/2025 3/30/2025 857477BM4 STATE STREET CORP (CALLABLE) 2.90% 3/30/2026 12,329.253/31/2025 3/31/2025 440452AK6 HORMEL FOODS CORP (CALLABLE) 4.80% 3/30/2027 7,680.00 Total INTEREST 0.00 1,682,857.22 0.00
PAYDOWNS1/1/2025 1/25/2025 254.88 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 254.88 2.261/1/2025 1/25/2025 714.95 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 714.95 16.611/1/2025 1/25/2025 13,591.33 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 13,591.33 292.761/1/2025 1/25/2025 1,281.77 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 1,281.77 52.65 58 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
PAYDOWNS1/1/2025 1/25/2025 1,206.31 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 1,206.31 2.061/1/2025 1/25/2025 1,093.50 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,093.50 44.321/1/2025 1/25/2025 254.88 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 254.88 2.111/1/2025 1/25/2025 1,004.48 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,004.48 16.781/1/2025 1/25/2025 40,940.65 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 40,940.65 790.351/15/2025 1/15/2025 26,562.34 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 26,562.34 1.621/15/2025 1/15/2025 22,149.62 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 22,149.62 0.161/15/2025 1/15/2025 23,690.53 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 23,690.53 1.571/15/2025 1/15/2025 15,768.63 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 15,768.63 1.121/15/2025 1/15/2025 14,066.93 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 14,066.931/15/2025 1/15/2025 63,331.29 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 63,331.29 6.841/15/2025 1/15/2025 22,405.73 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 22,405.73 0.791/15/2025 1/15/2025 38,978.75 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 38,978.75 2.141/15/2025 1/15/2025 16,371.79 43815BAC4 HAROT 2022-1 A3 1.88% 5/15/2026 16,371.79 0.781/15/2025 1/15/2025 13,904.61 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 13,904.61 1.121/15/2025 1/15/2025 43,951.90 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 43,951.90 5.561/15/2025 1/15/2025 20,032.85 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 20,032.85 0.96 59 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
PAYDOWNS1/15/2025 1/15/2025 16,566.70 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 16,566.70 0.101/15/2025 1/15/2025 6,093.22 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 6,093.22 0.241/15/2025 1/15/2025 13,747.91 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 13,747.91 0.911/15/2025 1/15/2025 19,291.25 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 19,291.25 0.171/15/2025 1/15/2025 27,468.11 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 27,468.11 1.981/15/2025 1/15/2025 25,602.50 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 25,602.50 2.671/15/2025 1/15/2025 35,635.84 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 35,635.84 0.401/15/2025 1/15/2025 20,476.14 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 20,476.14 2.041/15/2025 1/15/2025 15,274.90 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 15,274.90 0.101/15/2025 1/15/2025 56,102.70 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 56,102.70 0.351/15/2025 1/15/2025 41,487.32 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 41,487.32 3.321/15/2025 1/15/2025 11,175.77 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 11,175.77 0.741/15/2025 1/15/2025 26,850.55 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 26,850.55 0.011/15/2025 1/15/2025 27,021.88 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 27,021.88 1.291/16/2025 1/16/2025 27,413.15 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 27,413.15 0.091/16/2025 1/16/2025 12,822.65 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 12,822.65 0.111/16/2025 1/16/2025 13,833.76 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 13,833.76 0.46 60 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
PAYDOWNS1/16/2025 1/16/2025 16,568.56 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 16,568.56 1.491/20/2025 1/20/2025 22,394.76 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 22,394.76 0.281/21/2025 1/21/2025 15,538.61 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 15,538.61 0.781/25/2025 1/25/2025 18,400.58 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 18,400.58 0.352/1/2025 2/25/2025 1,286.14 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 1,286.14 51.332/1/2025 2/25/2025 255.84 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 255.84 1.982/1/2025 2/25/2025 794.23 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 794.23 15.772/1/2025 2/25/2025 8,790.17 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 8,790.17 13.282/1/2025 2/25/2025 47,422.32 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 47,422.32 145.602/1/2025 2/25/2025 255.84 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 255.84 1.852/1/2025 2/25/2025 1,007.85 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,007.85 16.092/1/2025 2/25/2025 717.61 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 717.61 15.472/1/2025 2/25/2025 975.17 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 975.17 17.472/1/2025 2/25/2025 1,097.17 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,097.17 42.102/15/2025 2/15/2025 13,997.89 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 13,997.892/15/2025 2/15/2025 13,847.34 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 13,847.34 0.862/15/2025 2/15/2025 57,831.54 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 57,831.54 0.35 61 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
PAYDOWNS2/15/2025 2/15/2025 5,685.57 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 5,685.57 0.202/15/2025 2/15/2025 20,881.53 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 20,881.53 2.002/15/2025 2/15/2025 15,966.49 43815BAC4 HAROT 2022-1 A3 1.88% 5/15/2026 15,966.49 0.712/15/2025 2/15/2025 37,833.91 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 37,833.91 0.412/15/2025 2/15/2025 15,379.87 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 15,379.87 0.092/15/2025 2/15/2025 39,452.46 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 39,452.46 2.062/15/2025 2/15/2025 19,123.57 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 19,123.57 0.882/15/2025 2/15/2025 13,438.95 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 13,438.95 1.052/15/2025 2/15/2025 24,443.24 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 24,443.24 2.462/15/2025 2/15/2025 23,173.06 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 23,173.06 0.782/15/2025 2/15/2025 46,510.19 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 46,510.19 5.692/15/2025 2/15/2025 26,964.74 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 26,964.742/15/2025 2/15/2025 27,663.01 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 27,663.01 1.912/15/2025 2/15/2025 22,842.15 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 22,842.15 1.472/15/2025 2/15/2025 19,202.72 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 19,202.72 0.162/15/2025 2/15/2025 60,134.04 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 60,134.04 6.292/15/2025 2/15/2025 42,254.06 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 42,254.06 3.23 62 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
PAYDOWNS2/15/2025 2/15/2025 25,123.55 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 25,123.55 1.592/15/2025 2/15/2025 14,859.70 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 14,859.70 1.022/15/2025 2/15/2025 29,081.62 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 29,081.62 1.312/15/2025 2/15/2025 28,390.57 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 28,390.57 1.682/15/2025 2/15/2025 16,475.10 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 16,475.10 0.092/16/2025 2/16/2025 20,725.17 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 20,725.17 0.362/16/2025 2/16/2025 26,907.71 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 26,907.71 0.092/16/2025 2/16/2025 13,068.10 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 13,068.10 0.422/16/2025 2/16/2025 16,056.14 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 16,056.14 1.392/16/2025 2/16/2025 13,023.42 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 13,023.42 0.112/20/2025 2/20/2025 21,088.56 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 21,088.56 0.242/21/2025 2/21/2025 15,440.79 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 15,440.79 0.722/25/2025 2/25/2025 17,533.19 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 17,533.19 0.323/1/2025 3/25/2025 1,192.75 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,192.75 18.173/1/2025 3/25/2025 886.87 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 886.87 17.633/1/2025 3/25/2025 1,604.82 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 1,604.82 4.473/1/2025 3/25/2025 74,478.59 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 74,478.59 2,697.47 63 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
PAYDOWNS3/1/2025 3/25/2025 9,005.52 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 9,005.52 11.863/1/2025 3/25/2025 50,805.57 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 50,805.57 335.563/1/2025 3/25/2025 1,182.37 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 1,182.37 19.523/1/2025 3/25/2025 956.23 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 956.23 17.383/1/2025 3/25/2025 50,805.57 3137FJXQ7 FHMS K733 A2 3.75% 8/1/2025 50,805.57 313.363/1/2025 3/25/2025 1,550.77 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 1,550.77 60.073/15/2025 3/15/2025 43,636.68 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 43,636.68 5.173/15/2025 3/15/2025 14,036.33 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 14,036.33 0.083/15/2025 3/15/2025 21,716.84 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 21,716.84 0.703/15/2025 3/15/2025 24,319.25 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 24,319.25 0.013/15/2025 3/15/2025 17,714.97 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 17,714.97 0.773/15/2025 3/15/2025 21,401.62 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 21,401.62 1.343/15/2025 3/15/2025 39,248.01 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 39,248.01 2.863/15/2025 3/15/2025 17,892.60 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 17,892.60 0.143/15/2025 3/15/2025 22,598.63 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 22,598.63 1.383/15/2025 3/15/2025 8,843.26 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 8,843.26 0.743/15/2025 3/15/2025 12,966.86 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 12,966.86 64 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
PAYDOWNS3/15/2025 3/15/2025 27,876.18 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 27,876.18 1.613/15/2025 3/15/2025 13,003.69 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 13,003.69 0.873/15/2025 3/15/2025 19,287.44 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 19,287.44 1.783/15/2025 3/15/2025 15,401.34 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 15,401.34 0.083/15/2025 3/15/2025 28,047.82 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 28,047.82 1.183/15/2025 3/15/2025 15,846.50 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 15,846.50 0.383/15/2025 3/15/2025 54,994.29 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 54,994.29 0.323/15/2025 3/15/2025 15,096.42 43815BAC4 HAROT 2022-1 A3 1.88% 5/15/2026 15,096.42 0.623/15/2025 3/15/2025 12,932.09 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 12,932.09 0.963/15/2025 3/15/2025 36,414.49 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 36,414.49 0.383/15/2025 3/15/2025 21,726.51 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 21,726.51 2.113/15/2025 3/15/2025 5,251.15 345286AC2 FORDO 2022-A A3 1.29% 6/15/2026 5,251.15 0.183/15/2025 3/15/2025 27,893.84 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 27,893.84 1.853/15/2025 3/15/2025 55,105.62 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 55,105.62 5.573/15/2025 3/15/2025 37,213.39 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 37,213.39 1.853/15/2025 3/15/2025 6,887.77 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 6,887.77 0.403/16/2025 3/16/2025 12,835.60 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 12,835.60 0.39 65 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
PAYDOWNS3/16/2025 3/16/2025 19,438.69 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 19,438.69 0.323/16/2025 3/16/2025 12,573.34 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 12,573.34 0.103/16/2025 3/16/2025 23,966.87 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 23,966.87 0.073/16/2025 3/16/2025 15,513.60 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 15,513.60 1.283/20/2025 3/20/2025 19,221.14 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 19,221.14 0.213/21/2025 3/21/2025 14,470.35 43815GAC3 HAROT 2021-4 A3 0.88% 1/21/2026 14,470.35 0.613/25/2025 3/25/2025 13,735.05 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 13,735.05 1.543/25/2025 3/25/2025 16,196.22 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 16,196.22 0.28 Total PAYDOWNS 2,696,100.38 2,696,100.38 5,154.94
SELL1/7/2025 1/8/2025 375,000.00 91282CHH7 US TREASURY N/B 4.12% 6/15/2026 375,302.15 1,039.831/13/2025 1/13/2025 50,000.00 91282CHH7 US TREASURY N/B 4.12% 6/15/2026 50,000.26 68.051/13/2025 1/13/2025 300,000.00 91282CHH7 US TREASURY N/B 4.12% 6/15/2026 300,001.54 3.941/14/2025 1/15/2025 1,125,000.00 30231GAT9 EXXON MOBIL CORPORATION (CALLABLE) 3.04% 3/1/2026 1,119,945.06 -2,193.931/15/2025 1/15/2025 700,000.00 91282CHH7 US TREASURY N/B 4.12% 6/15/2026 701,064.60 902.651/17/2025 1/21/2025 700,000.00 91282CHH7 US TREASURY N/B 4.12% 6/15/2026 701,950.73 1,286.101/17/2025 1/21/2025 595,000.00 05254JAA8 AUST & NZ BANKING GRP NY 5.08% 12/8/2025 602,067.01 3,451.00 66 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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)
SELL1/21/2025 1/22/2025 355,000.00 17325FBA5 CITIBANK NA (CALLABLE) 5.86% 9/29/2025 364,335.24 2,800.951/21/2025 1/22/2025 750,000.00 21688ABA9 COOPERAT RABOBANK UA/NY 4.85% 1/9/2026 753,653.54 2,480.231/23/2025 1/24/2025 50,000.00 91282CHH7 US TREASURY N/B 4.12% 6/15/2026 50,130.95 65.521/28/2025 1/29/2025 275,000.00 63253QAA2 NATIONAL AUSTRALIA BK/NY 4.96% 1/12/2026 276,978.64 1,333.752/5/2025 2/6/2025 750,000.00 91282CHH7 US TREASURY N/B 4.12% 6/15/2026 753,713.62 1,565.312/5/2025 2/6/2025 500,000.00 91282CHM6 US TREASURY N/B 4.50% 7/15/2026 503,457.24 2,545.972/5/2025 2/6/2025 920,000.00 254683CW3 DCENT 2022-A3 A3 3.56% 7/15/2027 917,921.47 -3,932.552/7/2025 2/7/2025 250,000.00 91282CHM6 US TREASURY N/B 4.50% 7/15/2026 251,544.86 1,057.712/11/2025 2/12/2025 315,000.00 17252MAP5 CINTAS CORPORATION NO. 2 (CALLABLE) 3.45% 5/1/2025 317,349.64 -694.222/25/2025 2/26/2025 450,000.00 91282CHM6 US TREASURY N/B 4.50% 7/15/2026 454,669.76 2,715.162/25/2025 2/26/2025 770,000.00 63253QAA2 NATIONAL AUSTRALIA BK/NY 4.96% 1/12/2026 778,877.76 4,204.202/27/2025 3/4/2025 700,000.00 91282CHM6 US TREASURY N/B 4.50% 7/15/2026 707,622.11 4,052.203/4/2025 3/7/2025 1,000,000.00 91282CHM6 US TREASURY N/B 4.50% 7/15/2026 1,012,160.09 6,682.083/5/2025 3/10/2025 1,000,000.00 91282CLB5 US TREASURY N/B 4.37% 7/31/2026 1,009,748.79 2,047.293/10/2025 3/11/2025 1,325,000.00 91282CLB5 US TREASURY N/B 4.37% 7/31/2026 1,338,077.28 2,720.643/14/2025 3/14/2025 200,000.00 91282CLB5 US TREASURY N/B 4.37% 7/31/2026 201,905.82 46.753/19/2025 3/20/2025 500,000.00 91282CLB5 US TREASURY N/B 4.37% 7/31/2026 504,970.86 -14.68 67 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from 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 toparticular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and indexcharacteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of anysales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investmentperformance to be lower than the performance shown.The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinionas of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct asactual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions anddata presented are not necessarily indicative of future events or expected performance.PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investmentadvisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.

Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. Theinformation contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.Further distribution is not permitted without prior written consent. 69 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
Appendix
Important Disclosures
Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may bedifferences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local governmentinvestment program is contained in the appropriate fund offering documentation or information statement.

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

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

ICE Bank of America Indices provided by Bloomberg Financial Markets.Money market fund/cash balances are included in performance and duration computations.Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.MBS maturities are represented by expected average life. 70 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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. 71 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended March 31, 2025
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. 72

Manteca City CouncilJune 17, 2025

Manteca City Council
June 17, 2025