Attachment 1 - Quarterly Investment Report — Manteca City Council, February 3, 2026

Investment Performance Review
For the Quarter Ended December 31, 2025
Client Management Team PFM Asset Management A division of U.S. Bancorp Asset Management, Inc Monique Spyke, Managing Director
Allison Kaune, Relationship Manager
Justin Resuello, Client Relations 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
PFM Asset Management | pfmam.com
Market Summary
For the Quarter Ended December 31, 2025
QUARTERLY MARKET SUMMARY Fixed Income Management
Summary
• The U.S. government shutdown halted the collection of key economic indicators, requiring the Federal Reserve (Fed) and the market to rely on survey-based anecdotal evidence and private data reports. • The labor market continued to soften and the unemployment rate edged higher. Core inflation moved lower but remained above the Fed’s 2% target.

Gaps in data collection due to the government shutdown likely distorted the official data, though other available private sector data pointed to a slowdown in economic momentum.
• The Fed delivered two additional 25 basis point (bps) rate cuts in the quarter, lowering the federal funds target range to 3.50% to 3.75%.

The median forecast from the Fed’s December “dot plot” showed an additional 25 bps rate cut in both 2026 and 2027, but the wide dispersion in underlying projections underscores growing differences of opinion.

Policymakers have acknowledged ongoing challenges to achieving their dual mandate of maximum employment and stable prices.

Economic Snapshot
• U.S. inflation decelerated modestly during the fourth quarter, though data collection issues and technical adjustments caused by the government shutdown may have biased the data lower. Headline CPI fell to 2.7% yearover-year and core CPI (ex food and energy) fell to 2.6% year-over-year. Fed Chair Powell noted inflation excluding tariffs is near 2%, suggesting the Fed is looking through these effects.
• Labor markets continued to cool as net new job creation neared zero and the unemployment rate reached 4.5% in November before falling to 4.4% in December. However, layoffs remained low, suggesting employers are maintaining their “no hire, no fire” approach.
• The first estimate of third quarter real gross domestic product (GDP) showed the economy grew at an annualized pace of 4.3%, the fastest in two years.

Growth was driven by strong consumer and business spending and steadier trade dynamics. While the data was from the third quarter, it showed the economy was on solid footing heading into the government shutdown.

Interest Rates
• The U.S. Treasury yield curve steepened further in Q4, led by a decline in shortterm yields. Maturities less than six months fell 30-50 basis points as a result of Fed policy.
• The 3-month U.S. Treasury ended the quarter at 3.63%, 31 bps lower. The 2-year Treasuries fell by 14 bps to 3.47%, and the 5-year fell by 2 bps to 3.73%.

The 10- and 30-year U.S. Treasury increased by 2 and 11bps to 4.17% and

4.84%, respectively. Bond volatility has continued to fall significantly from April highs and has now reached the lowest levels in four years. • Bond indexes generated positive total returns for the quarter. The ICE BofA 3-month, 2-year, 5-year, and 10-year U.S. Treasury indexes returned 0.97%,

1.09%, 0.93%, and 0.83% for the quarter, respectively.
• Calendar-year returns for longer-duration indices, except for the 30-year, outperformed shorter-duration indices in 2025. This marks the first time since 2020 that longer maturities have led annual performance. The ICE BofA 3-month, 2-year, 5-year and 10-year U.S. Treasury indexes returned +4.18%, +4.85%, +6.85% and +7.82%, respectively.

Sector Performance
• Excess returns were strong across investment-grade sectors as investor demand and strong fundamentals kept spreads near multi-year lows. • Federal agency and supranational issuance remained limited, keeping spreads narrow and excess returns muted.
• Investment-grade (IG) corporate bonds generated modest positive excess returns as spreads were relatively stable over the quarter. Lower-quality led performance, supported by strong investor demand. Positive carry remained the primary driver of returns.
• Spreads on asset-backed securities widened marginally, keeping excess returns modest. Auto loan collateral marginally outperformed credit card receivables.
• Agency-backed mortgage-backed securities (MBS) generated solid excess returns in Q4 as lower volatility continues to serve as a tailwind to the sector.

Longer-duration collateral (30-year) outperformed shorter-duration (15- year) mortgages. Agency-backed commercial MBS (CMBS) also generated positive excess returns for the quarter but continued to lag residential MBS. • Short-term credit (commercial paper and negotiable bank CDs) yield spreads remained attractive over the quarter. Month-end funding pressures pushed repo rates above the upper bound of the federal funds rate, which created opportunities in overnight repo and floating rate securities.

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 December 31, 2025
QUARTERLY MARKET SUMMARY Fixed Income Management
Economic Snapshot
Labor Market Sep-25 Dec-24
Unemployment Rate Dec-25 4.4% 4.4% 4.1%
Change In Non-Farm Payrolls Dec-25 50,000 108,000 323,000 Average Hourly Earnings (YoY) Dec-25 3.8% 3.7% 4.0%
Personal Income (YoY) Sep-25 4.8% 4.8% 5.3%
Initial Jobless Claims (week) 1/3/26 208,000 224,000 209,000 Growth
Real GDP (QoQ SAAR) 2025Q3 4.3% 3.8% 3.3%
GDP Personal Consumption (QoQ SAAR) 2025Q3 3.5% 2.5% 4.0% Retail Sales (YoY) Oct-25 3.5% 4.2% 4.6%
ISM Manufacturing Survey (month) Dec-25 47.9 49.1 49.2
Existing Home Sales SAAR (month) Nov-25 4.13 mil. 4.05 mil. 4.29 mil.

Inflation / Prices
Personal Consumption Expenditures (YoY) Sep-25 2.8% 2.8% 2.7% Consumer Price Index (YoY) Nov-25 2.7% 3.0% 2.9%
Consumer Price Index Core (YoY) Nov-25 2.6% 3.0% 3.2%
Crude Oil Futures (WTI, per barrel) Dec-31 $57.42 $62.37 $71.72 Gold Futures (oz.) Dec-31 $4,341 $3,841 $2,641
Latest
-300K
-200K
-100K
0 100K
200K
300K
400K
500K

0.0%

1.0%

2.0%

3.0%

4.0%

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

1. Data as of Second Quarter 2025.

2. Data as of Third Quarter 2024.

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

Source: Bloomberg Finance L.P.

Interest Rate Overview
U.S. Treasury Note Yields U.S. Treasury Yield Curve
U.S. Treasury Yields Yield Curves as of December 31, 2025 0%
1%
2%
3%
4%
5%
6%
3-mo1-yr2-yr3-yr5-yr7-yr10-yr20-yr30-yr
Yield
Maturity
December 31, 2025 September 30, 2025 December 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%
12/31/24 3/31/25 6/30/25 9/30/25 12/31/25
Yield
2-Year 5-Year 10-Year
Maturity Dec-25 Sep-25 Change over
Quarter Dec '24 Change over Year
3-Month 3.63% 3.94% (0.31%) 4.32% (0.69%)
1-Year 3.48% 3.62% (0.14%) 4.15% (0.67%)
2-Year 3.47% 3.61% (0.14%) 4.24% (0.77%)
5-Year 3.73% 3.74% (0.01%) 4.38% (0.65%)
10-Year 4.17% 4.15% 0.02% 4.57% (0.40%)
30-Year 4.84% 4.73% 0.11% 4.78% 0.06%
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 December 31, 2025
QUARTERLY MARKET SUMMARY Fixed Income Management
December 31, 2025 Duration Yield 3 Month 1 Year 3 Years 1-3 Year Indices
U.S. Treasury 1.83 3.51% 1.12% 5.09% 4.47%
Federal Agency 1.54 3.54% 1.07% 4.89% 4.63%
U.S. Corporates, A-AAA rated 1.76 4.00% 1.19% 5.77% 5.41% Agency MBS (0 to 3 years) 1.69 4.65% 1.31% 5.68% 4.94%
Taxable Municipals 1.53 3.78% 1.07% 5.72% 5.12%
1-5 Year Indices
U.S. Treasury 2.53 3.56% 1.12% 5.74% 4.48%
Federal Agency 2.24 3.62% 1.08% 5.37% 4.67%
U.S. Corporates, A-AAA rated 2.58 4.11% 1.19% 6.61% 5.76% Agency MBS (0 to 5 years) 2.44 4.59% 1.46% 7.28% 5.32%
Taxable Municipals 2.45 3.90% 1.08% 6.22% 5.19%
Master Indices (Maturities 1 Year or Greater)
U.S. Treasury 6.09 3.94% 0.74% 6.19% 3.49%
Federal Agency 3.37 3.78% 1.08% 6.08% 4.71%
U.S. Corporates, A-AAA rated 6.69 4.68% 0.75% 7.53% 5.64% Agency MBS (0 to 30 years) 5.43 4.72% 1.58% 8.33% 4.84% Taxable Municipals 8.75 5.06% 0.81% 7.60% 5.34%
Source: ICE BofA Indices.

As of 12/31/2025 Returns for Periods ended 12/31/2025
Returns for periods greater than one year are annualized.

ICE BofA Index Returns
4 For the Quarter Ended December 31, 2025
QUARTERLY MARKET SUMMARY Fixed Income Management
Disclosures
Indices shown are not available for investment. The index data reference herein is the property of the index provider and/or its licensors. The index provider assumes no liability in connections with its use and does not sponsor, endorse or recommend the products or services contained herein. Index returns do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be lower than the performance shown.

The views expressed within this material constitute the perspective and judgment of 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 December 31, 2025
Consolidated Summary
Consolidated Summary
Account Summary
PFMAM Managed Account $215,012,878.24
CAMP Pool $76,609,999.68
LAIF $53,827,321.25
Wells Fargo Account $108,847,964.21
Total Program $454,298,163.38

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.

PFM Asset Management | pfmam.com

52.7%

0.1% 0.0% 0.0% 1.2%

19.3% 20.4%

4.7% 1.7%
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
7 PFM Asset Management | pfmam.com
Portfolio Review:

CITY OF MANTECA
PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 December 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 December 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
9%
54%
37%
8%
56%
36%
0%
20%40%60%
0-1 Yr 1-2 Yrs 2-3 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 56%Corporate | 20%
ABS | 15%Agency CMBS | 8%
Negotiable CD | 1%Municipal | <1%
Sector Allocation
AAA | 10%AA+ | 65%AA | <1%AA- | 3%A+ | 6%A | 5%A- | 3%A-1 | 1% BBB+ | 1%Not Rated | 6%
Portfolio Statistics
Portfolio Effective Duration 1.78 years
Benchmark Effective Duration 1.76 yearsPortfolio Credit Quality AA Yield At Market 3.64%
Yield At Cost 4.12%
Total Market Value $217,148,071.32
Securities Sub-Total $215,012,878.24Cash $654,105.75
Accrued Interest $1,481,087.33
10 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 55.8% United States Treasury 55.8% AA / Aa / AA
Agency CMBS 8.0%
Federal Home Loan Mortgage Corp 7.4% AA / Aa / AAFederal National Mortgage Association 0.7% AA / Aa / AA Municipal 0.2%
Los Angeles Unified School District/CA 0.2% NR / Aa / AAA Negotiable CD 1.1%
Credit Agricole Group 0.5% A / A / AAGroupe BPCE 0.5% A / Aa / A Corporate 20.4%
Accenture PLC 0.1% AA / Aa / NRAdobe Inc 0.6% A / A / NRAdvanced Micro Devices Inc 0.3% A / A / NRAir Products and Chemicals Inc 0.4% A / A / NRAlphabet Inc 0.1% AA / Aa / NRAmazon.com Inc 0.3% AA / A / AAAmerican Express Co 0.6% A / A / AAnalog Devices Inc 0.4% A / A / AANZ Group Holdings Ltd 0.4% AA / Aa / AA Apple Inc 0.5% AA / Aaa / NRAstraZeneca PLC 0.3% A / A / NR Bank of America Corp 0.3% A / A / AABank of New York Mellon Corp 0.3% A / Aa / AA Bayerische Motoren Werke AG 0.5% A / A / NRBlackRock Inc 0.4% AA / Aa / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 20.4% BP PLC 0.4% A / A / ACaterpillar Inc 0.6% A / A / AChevron Corp 0.4% AA / Aa / NRCintas Corp 0.2% A / A / NRCisco Systems Inc 0.4% AA / A / NRCitigroup Inc 0.3% BBB / A / ACommonwealth Bank of Australia 0.2% AA / Aa / AACooperatieve Rabobank UA 0.6% A / Aa / AA Cummins Inc 0.0% A / A / NRDeere & Co 0.4% A / A / ADepository Trust & Clearing Corp 0.2% AA / Aa / NREli Lilly & Co 0.5% A / Aa / NRGoldman Sachs Group Inc 0.8% A / A / A Hershey Co 0.2% A / A / NRHome Depot Inc 0.2% A / A / AHonda Motor Co Ltd 0.2% A / A / NRHoneywell International Inc 0.3% A / A / AHormel Foods Corp 0.2% A / A / NRHSBC Holdings PLC 0.1% A / A / AJohnson & Johnson 0.5% AAA / Aaa / NRJPMorgan Chase & Co 0.3% A / A / AA Mars Inc 0.1% A / A / NRMastercard Inc 0.3% A / Aa / NRMerck & Co Inc 0.6% A / Aa / NRMorgan Stanley 0.8% A / Aa / AA National Australia Bank Ltd 0.5% AA / Aa / AA
11 PFM Asset Management | pfmam.com

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 20.4% National Rural Utilities Cooperative Fi 0.7% A / A / ANovartis AG 0.4% AA / Aa / NRPACCAR Inc 0.6% A / A / NRPepsiCo Inc 0.6% A / A / NRPfizer Inc 0.2% A / A / NRPNC Financial Services Group Inc 0.2% A / A / A State Street Corp 0.1% A / Aa / AA
Target Corp 0.1% A / A / AToyota Motor Corp 0.4% A / A / ATruist Financial Corp 0.6% A / A / AUBS Group AG 0.2% A / Aa / AUnilever PLC 0.1% A / A / NRUnited Services Automobile Association 0.3% AA / Aa / NRUnitedHealth Group Inc 0.5% A / A / AWalmart Inc 0.2% AA / Aa / AAWells Fargo & Co 0.4% BBB / A / A ABS 14.5%
Ally Auto Receivables Trust 0.3% AAA / Aaa / AAAAmerican Express Co 1.1% AAA / NR / AAA BA Credit Card Trust 0.3% AAA / Aaa / AAABank of America Corp 0.3% NR / Aaa / AAA BMW Vehicle Lease Trust 0.5% AAA / Aaa / AAACapital One Financial Corp 1.0% AAA / Aaa / AAACarMax Inc 0.1% AAA / NR / AAAChase Auto Owner Trust 0.3% AAA / Aaa / AAACitigroup Inc 0.4% AAA / Aaa / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 14.5% Fifth Third Auto Trust 0.2% AAA / Aaa / NRFord Credit Auto Owner Trust 1.2% AAA / Aaa / AAAGM Financial Consumer Automobile Receiv 1.0% AAA / Aaa / AAAHarley-Davidson Inc 0.1% NR / Aaa / AAAHonda Auto Receivables Owner Trust 0.6% AAA / Aaa / AAAHyundai Auto Receivables Trust 0.8% AAA / NR / AAAJPMorgan Chase & Co 0.5% AAA / NR / AAAKubota Credit Owner Trust 1.0% NR / Aaa / AAAMercedes-Benz Auto Receivables Trust 0.4% AAA / Aaa / AAANissan Auto Receivables Owner Trust 1.1% AAA / Aaa / AAAPorsche Innovative Lease Owner 0.1% AAA / NR / AAAT-Mobile US Trust 0.1% NR / Aaa / AAAToyota Auto Receivables Owner Trust 1.1% AAA / Aaa / AAAUSAA Auto Owner Trust 0.2% AAA / Aaa / NR Verizon Master Trust 0.4% NR / Aaa / AAA
Volkswagen Auto Loan Enhanced Trust 0.8% AAA / Aaa / AAAWF Card Issuance Trust 0.6% AAA / Aaa / AAA Total 100.0%
12 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 31, 2025
Portfolio Characteristics
$0.0
$44.0$88.0
$132.0$176.0$220.0
Millions
December 2025
$0.0
$44.0$88.0
$132.0$176.0$220.0
Millions
September 2025
$0.0
$44.0$88.0
$132.0$176.0$220.0
Millions
June 2025
$0.0
$44.0$88.0
$132.0$176.0$220.0
Millions
March 2025
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 Mar-25 % of Total Jun-25 % of Total Sep-25 % of Total Dec-25 % of Total U.S. Treasury $70.6 44.2% $60.0 37.0% $65.1 39.7% $120.0 55.7% Agency CMBS $17.5 11.0% $21.2 13.1% $19.6 12.0% $17.4 8.1% Municipal $0.4 0.3% $0.9 0.6% $0.5 0.3% $0.5 0.2%Negotiable CD $3.4 2.1% $3.4 2.1% $2.6 1.6% $2.2 1.1%Corporate $36.9 23.2% $44.4 27.5% $44.6 27.3% $43.6 20.3% ABS $30.6 19.2% $31.9 19.7% $31.3 19.1% $31.3 14.6%
Total $159.5 100.0% $161.7 100.0% $163.7 100.0% $215.0 100.0% 13 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 31, 2025
Portfolio Activity
Portfolio Activity - CITY OF MANTECA
Net Activity by Sector
($ millions)
Agency CMBS
Corporate
Negotiable CD
ABS
U.S. Treasury
Agency CMBS
Corporate
Negotiable CD
ABS
U.S. Treasury
($20.0) $0.0 $20.0 $40.0 $60.0
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 ActivityU.S. Treasury $54,911,185
ABS $46,554
Negotiable CD ($357,856)Corporate ($1,175,433)
Agency CMBS ($2,297,837)
Total Net Activity $51,126,613
Sales/Maturities Purchases
14 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 YearsInterest Earned² $1,772,004 $6,863,468 $17,385,928 $20,640,072 $33,954,802Change in Market Value $266,344 $1,941,837 $5,479,769 ($3,125,423) $271,238 Total Dollar Return $2,038,348 $8,805,305 $22,865,697 $17,514,649 $34,226,040Total Return³ Portfolio 1.14% 5.47% 4.99% 2.22% 2.23%Benchmark⁴ 1.12% 5.09% 4.48% 1.79% 1.85% 3 Months 1 Year 3 Years 5 Years 10 Years
15 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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
$1,772,004
$135,601
$91,074
$1,998,678
1 Year
$6,863,468
$433,359
$345,413
$7,642,240
3 Years
$17,385,928
($2,939,494)
$863,983
$15,310,416
5 Year
$20,640,072
($3,139,573)
$651,086
$18,151,585
10 Year¹
$33,954,802
($2,220,070)
$605,993
$32,340,725
16 Portfolio Holdings and Transactions
PFM Asset Management | pfmam.com
PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 31, 2025
Portfolio Composition
Issuer Distribution
As of December 31, 2025
Issuer Market Value ($) % of PortfolioUNITED STATES TREASURY 119,960,628 55.80 %FEDERAL HOME LOAN MORTGAGE CORP 15,908,612 7.41 % AMERICAN EXPRESS CO 3,590,316 1.67 %
FORD CREDIT AUTO OWNER TRUST 2,538,862 1.18 %NISSAN AUTO RECEIVABLES OWNER TRUST 2,275,139 1.06 %TOYOTA AUTO RECEIVABLES OWNER TRUST 2,269,672 1.06 %GM FINANCIAL CONSUMER AUTOMOBILE RECEIV 2,204,533 1.03 %CAPITAL ONE FINANCIAL CORP 2,187,755 1.02 %KUBOTA CREDIT OWNER TRUST 2,113,140 0.98 %JPMORGAN CHASE & CO 1,790,848 0.83 %GOLDMAN SACHS GROUP INC 1,775,567 0.83 %VOLKSWAGEN AUTO LOAN ENHANCED TRUST 1,719,694 0.80 %HYUNDAI AUTO RECEIVABLES TRUST 1,705,110 0.79 %MORGAN STANLEY 1,677,355 0.78 %NATIONAL RURAL UTILITIES COOPERATIVE FI 1,593,573 0.74 %CITIGROUP INC 1,489,857 0.69 %FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,446,843 0.67 %TRUIST FINANCIAL CORP 1,386,897 0.65 %PACCAR INC 1,375,117 0.64 %HONDA AUTO RECEIVABLES OWNER TRUST 1,315,473 0.61 %WF CARD ISSUANCE TRUST 1,259,680 0.59 %CATERPILLAR INC 1,252,939 0.58 %MERCK & CO INC 1,243,714 0.58 %COOPERATIEVE RABOBANK UA 1,234,207 0.57 % 18 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 31, 2025
Portfolio Composition
Issuer Market Value ($) % of PortfolioPEPSICO INC 1,192,167 0.55 %BANK OF AMERICA CORP 1,180,784 0.55 %NATIONAL AUSTRALIA BANK LTD 1,180,776 0.55 % ADOBE INC 1,180,061 0.55 %
CREDIT AGRICOLE GROUP 1,134,641 0.53 %JOHNSON & JOHNSON 1,120,780 0.52 %GROUPE BPCE 1,113,833 0.52 %BAYERISCHE MOTOREN WERKE AG 1,097,571 0.51 %BMW VEHICLE LEASE TRUST 1,058,885 0.49 %ELI LILLY & CO 1,015,715 0.47 % APPLE INC 1,008,383 0.47 %
UNITEDHEALTH GROUP INC 1,008,377 0.47 %CISCO SYSTEMS INC 955,594 0.44 %CHEVRON CORP 954,619 0.44 %TOYOTA MOTOR CORP 930,175 0.43 %VERIZON MASTER TRUST 912,193 0.42 %MERCEDES-BENZ AUTO RECEIVABLES TRUST 908,419 0.42 % ANALOG DEVICES INC 897,338 0.42 %
DEERE & CO 890,667 0.41 %NOVARTIS AG 872,832 0.41 %BP PLC 831,113 0.39 % ANZ GROUP HOLDINGS LTD 810,446 0.38 %AIR PRODUCTS AND CHEMICALS INC 757,648 0.35 % BLACKROCK INC 754,800 0.35 %WELLS FARGO & CO 749,398 0.35 %HONEYWELL INTERNATIONAL INC 734,299 0.34 %UNITED SERVICES AUTOMOBILE ASSOCIATION 729,893 0.34 % 19 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 31, 2025
Portfolio Composition
Issuer Market Value ($) % of PortfolioMASTERCARD INC 728,922 0.34 %BA CREDIT CARD TRUST 728,221 0.34 %CHASE AUTO OWNER TRUST 714,415 0.33 % ALLY AUTO RECEIVABLES TRUST 674,118 0.31 %
BANK OF NEW YORK MELLON CORP 631,949 0.29 %
AMAZON.COM INC 616,882 0.29 %ADVANCED MICRO DEVICES INC 606,335 0.28 %ASTRAZENECA PLC 551,079 0.26 % USAA AUTO OWNER TRUST 507,493 0.24 %LOS ANGELES UNIFIED SCHOOL DISTRICT/CA 506,377 0.24 %HONDA MOTOR CO LTD 495,146 0.23 %CINTAS CORP 477,358 0.22 %FIFTH THIRD AUTO TRUST 475,061 0.22 %PFIZER INC 461,508 0.21 %COMMONWEALTH BANK OF AUSTRALIA 455,542 0.21 %HOME DEPOT INC 388,185 0.18 %DEPOSITORY TRUST & CLEARING CORP 382,942 0.18 %UBS GROUP AG 368,059 0.17 %PNC FINANCIAL SERVICES GROUP INC 336,706 0.16 %WALMART INC 332,260 0.15 %HERSHEY CO 325,029 0.15 %HORMEL FOODS CORP 323,439 0.15 %T-MOBILE US TRUST 307,726 0.14 %UNILEVER PLC 307,593 0.14 %MARS INC 293,973 0.14 %CARMAX INC 244,750 0.11 %STATE STREET CORP 236,932 0.11 % 20 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 31, 2025
Portfolio Composition
Issuer Market Value ($) % of Portfolio
ACCENTURE PLC 235,915 0.11 %
HSBC HOLDINGS PLC 233,464 0.11 %TARGET CORP 207,397 0.10 %PORSCHE INNOVATIVE LEASE OWNER 202,274 0.09 %HARLEY-DAVIDSON INC 147,633 0.07 % ALPHABET INC 130,634 0.06 %
CUMMINS INC 80,624 0.04 %
Grand Total 215,012,878 100.00 %
21 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 03/15/2024 4.250% 03/15/2027
91282CKE0 1,500,000.00 AA+ Aa1 4/3/2024 4/8/2024 1,489,160.16 4.51 19,019.34 1,495,393.89 1,512,715.50 US TREASURY N/BDTD 03/15/2024 4.250% 03/15/2027
91282CKE0 175,000.00 AA+ Aa1 4/2/2024 4/5/2024 173,755.86 4.51 2,218.92 174,472.71 176,483.48 US TREASURY N/BDTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 425,000.00 AA+ Aa1 4/29/2024 4/30/2024 421,414.06 4.81 4,098.21 423,381.68 430,229.63 US TREASURY N/BDTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 1,250,000.00 AA+ Aa1 5/8/2024 5/13/2024 1,244,531.25 4.66 12,053.57 1,247,506.82 1,265,381.25 US TREASURY N/BDTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 1,525,000.00 AA+ Aa1 4/10/2024 4/15/2024 1,523,808.59 4.53 14,705.36 1,524,471.12 1,543,765.13 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 1,350,000.00 AA+ Aa1 6/10/2024 6/11/2024 1,343,671.88 4.67 7,887.43 1,346,933.69 1,367,929.35 US TREASURY N/BDTD 05/15/2017 2.375% 05/15/2027
912828X88 10,000,000.00 AA+ Aa1 12/11/2025 12/12/2025 9,836,718.75 3.56 30,835.64 9,842,934.83 9,849,220.00 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 1,550,000.00 AA+ Aa1 6/6/2024 6/11/2024 1,550,302.73 4.49 9,055.94 1,550,146.60 1,570,585.55 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 1,250,000.00 AA+ Aa1 6/12/2024 6/17/2024 1,246,435.55 4.60 7,303.18 1,248,264.60 1,266,601.25 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 375,000.00 AA+ Aa1 6/11/2024 6/12/2024 373,696.29 4.63 2,190.95 374,367.81 379,980.38 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 900,000.00 AA+ Aa1 5/15/2024 5/20/2024 898,031.25 4.58 5,258.29 899,064.42 911,952.90 US TREASURY N/BDTD 05/15/2024 4.500% 05/15/2027
91282CKR1 3,100,000.00 AA+ Aa1 7/1/2024 7/5/2024 3,090,675.78 4.61 18,111.88 3,095,387.37 3,141,171.10 US TREASURY N/BDTD 06/30/2025 3.750% 06/30/2027
91282CNL1 5,000,000.00 AA+ Aa1 12/12/2025 12/15/2025 5,015,234.38 3.54 517.96 5,014,797.05 5,019,335.00 US TREASURY N/BDTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 1,525,000.00 AA+ Aa1 8/1/2024 8/5/2024 1,542,513.67 3.96 30,821.16 1,534,406.16 1,545,253.53 US TREASURY N/BDTD 08/15/2024 3.750% 08/15/2027
91282CLG4 2,500,000.00 AA+ Aa1 9/5/2024 9/10/2024 2,510,058.59 3.60 35,411.01 2,505,699.01 2,510,352.50 22 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 1,750,000.00 AA+ Aa1 10/1/2024 10/4/2024 1,742,890.63 3.52 17,620.86 1,745,809.51 1,746,787.00 US TREASURY N/BDTD 09/16/2024 3.375% 09/15/2027
91282CLL3 3,100,000.00 AA+ Aa1 9/26/2024 9/27/2024 3,092,250.00 3.46 31,214.09 3,095,461.10 3,094,308.40 US TREASURY N/BDTD 09/16/2024 3.375% 09/15/2027
91282CLL3 350,000.00 AA+ Aa1 9/30/2024 9/30/2024 348,564.45 3.52 3,524.17 349,156.75 349,357.40 US TREASURY N/BDTD 09/16/2024 3.375% 09/15/2027
91282CLL3 2,450,000.00 AA+ Aa1 10/2/2024 10/4/2024 2,438,611.33 3.54 24,669.20 2,443,288.74 2,445,501.80 US TREASURY N/BDTD 10/15/2024 3.875% 10/15/2027
91282CLQ2 950,000.00 AA+ Aa1 11/5/2024 11/7/2024 941,687.50 4.19 7,888.39 944,828.67 956,346.00 US TREASURY N/BDTD 10/15/2024 3.875% 10/15/2027
91282CLQ2 1,400,000.00 AA+ Aa1 10/28/2024 10/29/2024 1,391,468.75 4.10 11,625.00 1,394,737.18 1,409,352.00 US TREASURY N/BDTD 10/15/2024 3.875% 10/15/2027
91282CLQ2 1,600,000.00 AA+ Aa1 10/31/2024 11/4/2024 1,587,812.50 4.15 13,285.71 1,592,441.53 1,610,688.00 US TREASURY N/BDTD 11/15/2024 4.125% 11/15/2027
91282CLX7 1,575,000.00 AA+ Aa1 12/4/2024 12/6/2024 1,573,092.77 4.17 8,435.17 1,573,763.37 1,592,964.45 US TREASURY N/BDTD 11/15/2024 4.125% 11/15/2027
91282CLX7 1,575,000.00 AA+ Aa1 12/10/2024 12/16/2024 1,575,061.52 4.12 8,435.17 1,575,042.08 1,592,964.45 US TREASURY N/BDTD 11/15/2024 4.125% 11/15/2027
91282CLX7 1,575,000.00 AA+ Aa1 12/5/2024 12/10/2024 1,576,107.42 4.10 8,435.17 1,575,724.06 1,592,964.45 US TREASURY N/BDTD 12/01/2025 3.375% 11/30/2027
91282CPL9 10,000,000.00 AA+ Aa1 12/11/2025 12/12/2025 9,970,703.13 3.53 29,670.33 9,971,500.10 9,980,860.00 US TREASURY N/BDTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 1,500,000.00 AA+ Aa1 12/16/2024 12/18/2024 1,486,230.47 4.21 5,109.89 1,490,888.30 1,510,663.50 US TREASURY N/BDTD 12/31/2025 3.375% 12/31/2027
91282CPS4 1,250,000.00 AA+ Aa1 12/24/2025 12/31/2025 1,246,289.06 3.53 116.54 1,246,295.12 1,247,558.75 US TREASURY N/BDTD 01/15/2025 4.250% 01/15/2028
91282CMF5 1,575,000.00 AA+ Aa1 2/3/2025 2/6/2025 1,574,323.24 4.26 30,922.21 1,574,522.27 1,598,195.03 US TREASURY N/BDTD 01/15/2025 4.250% 01/15/2028
91282CMF5 1,575,000.00 AA+ Aa1 1/9/2025 1/15/2025 1,571,124.02 4.34 30,922.21 1,572,315.56 1,598,195.03 US TREASURY N/BDTD 02/18/2025 4.250% 02/15/2028
91282CMN8 5,000,000.00 AA+ Aa1 12/12/2025 12/15/2025 5,072,265.63 3.55 80,264.95 5,070,797.49 5,076,365.00 US TREASURY N/BDTD 03/17/2025 3.875% 03/15/2028
91282CMS7 1,600,000.00 AA+ Aa1 4/7/2025 4/10/2025 1,607,750.00 3.70 18,497.24 1,605,902.43 1,612,875.20 23 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 05/15/2025 3.750% 05/15/2028
91282CND9 2,000,000.00 AA+ Aa1 6/9/2025 6/10/2025 1,985,625.00 4.01 9,737.57 1,988,246.60 2,010,860.00 US TREASURY N/BDTD 05/15/2025 3.750% 05/15/2028
91282CND9 2,000,000.00 AA+ Aa1 5/7/2025 5/15/2025 1,998,593.75 3.78 9,737.57 1,998,876.90 2,010,860.00 US TREASURY N/BDTD 05/15/2025 3.750% 05/15/2028
91282CND9 1,500,000.00 AA+ Aa1 6/5/2025 6/10/2025 1,493,906.25 3.90 7,303.18 1,495,018.66 1,508,145.00 US TREASURY N/BDTD 05/31/2023 3.625% 05/31/2028
91282CHE4 10,000,000.00 AA+ Aa1 12/11/2025 12/12/2025 10,019,531.25 3.54 31,868.13 10,019,114.98 10,026,170.00 US TREASURY N/BDTD 06/16/2025 3.875% 06/15/2028
91282CNH0 250,000.00 AA+ Aa1 7/3/2025 7/9/2025 250,332.03 3.83 452.44 250,280.16 252,148.50 US TREASURY N/BDTD 06/16/2025 3.875% 06/15/2028
91282CNH0 1,575,000.00 AA+ Aa1 7/2/2025 7/7/2025 1,579,614.26 3.77 2,850.36 1,578,887.75 1,588,535.55 US TREASURY N/BDTD 06/30/2021 1.250% 06/30/2028
91282CCH2 4,000,000.00 AA+ Aa1 12/12/2025 12/15/2025 3,776,718.75 3.56 138.12 3,780,579.91 3,785,780.00 US TREASURY N/BDTD 07/15/2025 3.875% 07/15/2028
91282CNM9 1,225,000.00 AA+ Aa1 7/14/2025 7/17/2025 1,225,287.11 3.87 21,928.50 1,225,246.47 1,235,336.55 US TREASURY N/BDTD 07/15/2025 3.875% 07/15/2028
91282CNM9 750,000.00 AA+ Aa1 7/9/2025 7/15/2025 750,703.13 3.84 13,425.61 750,600.22 756,328.50 US TREASURY N/BDTD 07/15/2025 3.875% 07/15/2028
91282CNM9 850,000.00 AA+ Aa1 8/1/2025 8/6/2025 849,402.34 3.90 15,215.69 849,481.10 857,172.30 US TREASURY N/BDTD 08/15/2025 3.625% 08/15/2028
91282CNU1 1,650,000.00 AA+ Aa1 9/2/2025 9/5/2025 1,650,064.45 3.62 22,592.22 1,650,061.37 1,654,189.35 US TREASURY N/BDTD 08/15/2025 3.625% 08/15/2028
91282CNU1 1,400,000.00 AA+ Aa1 8/8/2025 8/15/2025 1,397,101.56 3.70 19,169.16 1,397,451.55 1,403,554.60 US TREASURY N/BDTD 09/15/2025 3.375% 09/15/2028
91282CNY3 600,000.00 AA+ Aa1 9/23/2025 9/25/2025 596,625.00 3.58 6,041.44 596,920.02 597,538.80 US TREASURY N/BDTD 09/15/2025 3.375% 09/15/2028
91282CNY3 1,000,000.00 AA+ Aa1 9/25/2025 9/26/2025 991,953.13 3.66 10,069.06 992,648.30 995,898.00 US TREASURY N/BDTD 09/15/2025 3.375% 09/15/2028
91282CNY3 1,500,000.00 AA+ Aa1 9/18/2025 9/19/2025 1,492,734.38 3.55 15,103.59 1,493,403.62 1,493,847.00 US TREASURY N/BDTD 09/15/2025 3.375% 09/15/2028
91282CNY3 1,500,000.00 AA+ Aa1 9/17/2025 9/19/2025 1,494,726.56 3.50 15,103.59 1,495,211.98 1,493,847.00 US TREASURY N/BDTD 09/15/2025 3.375% 09/15/2028
91282CNY3 2,000,000.00 AA+ Aa1 9/10/2025 9/15/2025 1,994,140.63 3.48 20,138.12 1,994,702.92 1,991,796.00 24 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 10/15/2025 3.500% 10/15/2028
91282CPC9 850,000.00 AA+ Aa1 10/24/2025 10/28/2025 849,966.80 3.50 6,375.00 849,970.92 849,136.40 US TREASURY N/BDTD 10/15/2025 3.500% 10/15/2028
91282CPC9 900,000.00 AA+ Aa1 10/8/2025 10/15/2025 897,644.53 3.59 6,750.00 897,805.52 899,085.60 US TREASURY N/BDTD 10/15/2025 3.500% 10/15/2028
91282CPC9 1,650,000.00 AA+ Aa1 11/4/2025 11/7/2025 1,646,197.27 3.58 12,375.00 1,646,388.10 1,648,323.60 US TREASURY N/BDTD 11/17/2025 3.500% 11/15/2028
91282CPK1 1,250,000.00 AA+ Aa1 12/8/2025 12/11/2025 1,245,507.81 3.63 5,680.25 1,245,592.83 1,248,632.50 US TREASURY N/BDTD 11/17/2025 3.500% 11/15/2028
91282CPK1 1,500,000.00 AA+ Aa1 12/2/2025 12/4/2025 1,498,359.38 3.54 6,816.30 1,498,400.90 1,498,359.00 US TREASURY N/BDTD 11/17/2025 3.500% 11/15/2028
91282CPK1 1,250,000.00 AA+ Aa1 11/13/2025 11/18/2025 1,246,923.83 3.59 5,680.25 1,247,046.29 1,248,632.50 US TREASURY N/BDTD 11/15/2018 3.125% 11/15/2028
9128285M8 1,675,000.00 AA+ Aa1 10/3/2025 10/8/2025 1,651,576.17 3.60 6,796.01 1,653,251.19 1,656,286.90 US TREASURY N/BDTD 12/15/2025 3.500% 12/15/2028
91282CPP0 5,000,000.00 AA+ Aa1 12/11/2025 12/15/2025 4,989,843.75 3.57 8,173.08 4,989,995.39 4,994,140.00 US TREASURY N/BDTD 12/15/2025 3.500% 12/15/2028
91282CPP0 750,000.00 AA+ Aa1 12/9/2025 12/15/2025 746,835.94 3.65 1,225.96 746,883.87 749,121.00 Security Type Sub-Total 119,875,000.00 119,376,156.27 3.78 810,871.34 119,431,769.54 119,960,627.66 Negotiable CD
NATIXIS NY BRANCHDTD 09/20/2023 5.610% 09/18/2026
63873QP65 1,100,000.00 A-1 P-1 9/18/2023 9/20/2023 1,100,000.00 5.61 17,998.75 1,100,000.00 1,113,832.50 CREDIT AGRICOLE CIB NYDTD 02/05/2024 4.760% 02/01/2027
22536DWD6 1,125,000.00 A+ A1 2/1/2024 2/5/2024 1,125,000.00 4.76 49,087.50 1,125,000.00 1,134,641.25 Security Type Sub-Total 2,225,000.00 2,225,000.00 5.18 67,086.25 2,225,000.00 2,248,473.75 Municipal
LOS ANGELES UNIF SD-BDTD 05/13/2025 4.382% 07/01/2027
544647KX7 500,000.00 NR Aa2 4/24/2025 5/13/2025 500,000.00 4.38 13,876.33 500,000.00 506,376.50 Security Type Sub-Total 500,000.00 500,000.00 4.38 13,876.33 500,000.00 506,376.50 25 PFM Asset Management | pfmam.com

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 9,083.33 544,633.23 551,079.48 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 7,813.89 499,809.61 506,292.00

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 7,269.69 489,888.09 495,146.47 TOYOTA MOTOR CREDIT CORPDTD 03/21/2024 5.000% 03/19/2027 89236TLY9 280,000.00 A+ A1 3/18/2024 3/21/2024 279,661.20 5.04 3,966.67 279,856.54 284,026.96 HORMEL FOODS CORP (CALLABLE)DTD 03/08/2024 4.800% 03/30/2027 440452AK6 320,000.00 A- A2 3/5/2024 3/8/2024 319,689.60 4.84 3,882.67 319,905.72 323,438.72

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 5,391.58 459,899.67 466,189.30 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 9,711.11 996,949.19 1,008,377.00 WALMART INCDTD 04/28/2025 4.100% 04/28/2027
931142FL2 330,000.00 AA Aa2 4/23/2025 4/28/2025 329,957.10 4.11 2,367.75 329,971.37 332,260.17 TOYOTA MOTOR CREDIT CORPDTD 05/15/2025 4.500% 05/14/2027 89236TNG6 640,000.00 A+ A1 5/12/2025 5/15/2025 639,712.00 4.52 3,760.00 639,800.07 646,147.84 NATIONAL SECS CLEARINGDTD 05/20/2025 4.350% 05/20/2027
637639AN5 380,000.00 AA+ Aa1 5/13/2025 5/20/2025 379,661.80 4.40 1,882.58 379,763.02 382,942.34 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 2,857.39 475,000.00 477,489.48 26 PFM Asset Management | pfmam.com

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 2,214.88 234,818.22 235,914.62 PFIZER INCDTD 11/21/2025 3.875% 11/15/2027
717081FJ7 460,000.00 A A2 11/18/2025 11/21/2025 459,949.40 3.88 1,980.56 459,952.28 461,508.34 BP CAP MARKETS AMERICA(CALLABLE)DTD 05/17/2024 5.017% 11/17/2027 10373QBY5 815,000.00 A- A1 5/15/2024 5/17/2024 815,000.00 5.02 4,997.49 815,000.00 831,112.55 NATIONAL RURAL UTIL COOPDTD 12/10/2025 3.950% 12/10/2027 63743HGB2 830,000.00 NR A2 12/1/2025 12/10/2025 829,385.80 3.99 1,912.46 829,404.15 833,119.97 UBS AG STAMFORD CT (CALLABLE)DTD 01/10/2025 4.864% 01/10/2028 90261AAD4 365,000.00 A+ Aa2 1/6/2025 1/10/2025 365,000.00 4.86 8,432.96 365,000.00 368,059.43 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 15,147.22 699,742.53 713,871.90 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 16,819.22 775,000.00 792,363.10 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 3,230.00 169,946.61 172,577.71 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 20,915.00 1,174,648.22 1,192,166.75 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 4,655.53 264,878.56 269,521.17 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 5,136.44 319,839.52 325,029.44 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 14,605.90 940,000.00 954,618.88 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 4,446.67 289,998.23 293,973.00 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 4,929.17 324,862.78 331,139.58 JOHNSON & JOHNSON (CALLABLE)DTD 02/20/2025 4.550% 03/01/2028 478160DH4 775,000.00 AAA Aaa 4/9/2025 4/10/2025 781,269.75 4.25 11,754.17 779,721.68 789,640.53 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 17,523.82 1,174,473.89 1,194,275.88 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 5,915.76 450,000.00 455,542.20 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 5,023.96 374,790.77 381,245.25 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 4,420.14 334,874.35 339,845.10

ADVANCED MICRO DEVICES
(CALLABLE)DTD 03/24/2025 4.319% 03/24/2028
007903BJ5 600,000.00 A A1 3/10/2025 3/24/2025 600,000.00 4.32 6,982.38 600,000.00 606,335.40 28 PFM Asset Management | pfmam.com

APPLE INC (CALLABLE)
DTD 05/12/2025 4.000% 05/12/2028
037833EY2 1,000,000.00 AA+ Aaa 5/5/2025 5/12/2025 998,040.00 4.07 5,444.44 998,438.11 1,008,383.00 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 1,632.09 305,000.00 311,085.05 HSBC USA INCDTD 06/03/2025 4.650% 06/03/2028
40428HR95 230,000.00 A- A2 5/27/2025 6/3/2025 229,891.90 4.67 831.83 229,911.97 233,464.03 JOHN DEERE CAPITAL CORPDTD 06/05/2025 4.250% 06/05/2028 24422EYD5 380,000.00 A A1 6/2/2025 6/5/2025 379,661.80 4.28 1,166.39 379,723.36 384,375.32 BANK OF NY MELLON CORP(CALLABLE)DTD 06/10/2025 4.441% 06/09/2028 06406RCH8 375,000.00 A Aa3 6/3/2025 6/10/2025 375,000.00 4.44 1,017.73 375,000.00 377,831.25

AIR PRODUCTS & CHEMICALS
(CALLABLE)DTD 06/11/2025 4.300% 06/11/2028
009158BN5 750,000.00 A A2 6/9/2025 6/11/2025 749,497.50 4.32 1,791.67 749,586.76 757,647.75 NATIONAL AUSTRALIA BK/NYDTD 06/13/2025 4.308% 06/13/2028 632525CJ8 760,000.00 AA- Aa2 6/3/2025 6/13/2025 760,000.00 4.31 1,637.04 760,000.00 768,141.12 TARGET CORP (CALLABLE)DTD 06/10/2025 4.350% 06/15/2028
87612EBU9 205,000.00 A A2 6/5/2025 6/10/2025 204,997.95 4.35 396.33 204,998.58 207,397.48

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.250% 06/15/2028
032654BD6 890,000.00 A- A2 6/12/2025 6/16/2025 889,038.80 4.29 1,681.11 889,205.43 897,338.05

AUST & NZ BANKING GRP NY
DTD 06/18/2025 4.362% 06/18/2028
05253JB75 800,000.00 AA- Aa2 6/10/2025 6/18/2025 800,000.00 4.36 1,260.13 800,000.00 810,446.40 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 7,605.18 330,000.00 334,601.52 29 PFM Asset Management | pfmam.com

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 3,256.94 150,000.00 152,531.85 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 08/25/2025 4.150% 08/25/2028 63743HFZ0 290,000.00 NR A2 8/19/2025 8/25/2025 289,675.20 4.19 4,212.25 289,711.29 291,517.28 HOME DEPOT INC (CALLABLE)DTD 09/15/2025 3.750% 09/15/2028 437076DH2 200,000.00 A A2 9/8/2025 9/15/2025 199,870.00 3.77 2,208.33 199,882.27 200,056.20 COOPERAT RABOBANK UA/NYDTD 10/17/2025 3.957% 10/17/2028 21688ABP6 440,000.00 A+ Aa2 10/9/2025 10/17/2025 440,000.00 3.96 3,578.89 440,000.00 441,844.04 NOVARTIS CAPITAL CORP(CALLABLE)DTD 11/05/2025 3.900% 11/05/2028 66989HAX6 425,000.00 AA- Aa3 11/4/2025 11/5/2025 425,106.25 3.89 2,578.33 425,101.42 426,383.38 NOVARTIS CAPITAL CORP(CALLABLE)DTD 11/05/2025 3.900% 11/05/2028 66989HAX6 445,000.00 AA- Aa3 11/3/2025 11/5/2025 444,902.10 3.91 2,699.67 444,907.44 446,448.48 PACCAR FINANCIAL CORPDTD 11/07/2025 4.000% 11/07/2028
69371RU20 180,000.00 A+ A1 11/5/2025 11/7/2025 179,899.20 4.02 1,080.00 179,904.00 180,841.50 CATERPILLAR FINL SERVICEDTD 11/14/2025 3.950% 11/14/2028 14913UBD1 1,250,000.00 A A2 11/10/2025 11/14/2025 1,249,337.50 3.97 6,446.18 1,249,365.40 1,252,938.75

ALPHABET INC (CALLABLE)
DTD 11/06/2025 3.875% 11/15/2028
02079KAV9 130,000.00 AA+ Aa2 11/3/2025 11/6/2025 129,888.20 3.91 769.62 129,893.65 130,634.14 AMAZON.COM INC (CALLABLE)
DTD 11/20/2025 3.900% 11/20/2028
023135CS3 615,000.00 AA A1 11/17/2025 11/20/2025 614,864.70 3.91 2,731.63 614,870.30 616,881.90 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 9,654.41 410,000.00 417,537.44 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 13,245.52 610,000.00 621,415.54 30 PFM Asset Management | pfmam.com

AMERICAN EXPRESS CO (CALLABLE)
DTD 04/25/2025 4.731% 04/25/2029
025816ED7 540,000.00 A- A2 4/21/2025 4/25/2025 540,000.00 4.73 4,683.69 540,000.00 548,285.22

AMERICAN EXPRESS CO (CALLABLE)
DTD 07/25/2025 4.351% 07/20/2029
025816EJ4 500,000.00 A- A2 7/21/2025 7/25/2025 500,000.00 4.35 9,427.17 500,000.00 503,648.00 WELLS FARGO & COMPANY(CALLABLE)DTD 09/15/2025 4.078% 09/15/2029 95000U4A8 750,000.00 BBB+ A1 9/8/2025 9/15/2025 750,000.00 4.08 9,005.58 750,000.00 749,397.75 MORGAN STANLEY (CALLABLE)DTD 10/22/2025 4.133% 10/18/2029 61748UAK8 395,000.00 A- A1 10/17/2025 10/22/2025 395,000.00 4.13 3,129.03 395,000.00 394,872.81 GOLDMAN SACHS GROUP INC(CALLABLE)DTD 10/21/2025 4.153% 10/21/2029 38141GD27 800,000.00 BBB+ A2 10/14/2025 10/21/2025 800,000.00 4.15 6,460.22 800,000.00 799,820.80 TRUIST BANK (CALLABLE)DTD 10/23/2025 4.136% 10/23/2029
89788JAH2 930,000.00 A A3 10/20/2025 10/23/2025 930,000.00 4.14 7,265.57 930,000.00 929,290.41 Security Type Sub-Total 43,155,000.00 43,102,342.35 4.50 486,662.12 43,134,233.08 43,597,180.04 Agency CMBS
FHMS K054 A2DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 139,350.29 AA+ Aa1 3/1/2023 3/6/2023 131,228.78 4.90 318.76 139,162.69 138,988.81 FNA 2016-M3 A2DTD 03/01/2016 2.702% 02/01/2026
3136ARTE8 286,406.86 AA+ Aa1 10/6/2022 10/12/2022 270,206.97 4.51 644.89 285,685.67 285,447.97 FHMS K734 A2DTD 04/01/2019 3.208% 02/01/2026
3137FLN34 110,185.05 AA+ Aa1 10/18/2023 10/23/2023 104,977.09 5.35 294.56 109,851.05 109,873.45 31 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 K057 A2DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 616,745.65 AA+ Aa1 5/18/2023 5/23/2023 586,438.39 4.22 1,320.86 611,331.74 612,342.70 FHMS K057 A2DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 548,218.36 AA+ Aa1 3/2/2023 3/7/2023 509,800.25 4.81 1,174.10 541,783.80 544,304.63 FHMS K736 A2DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 707,033.37 AA+ Aa1 10/5/2023 10/11/2023 656,022.02 5.05 1,344.54 696,668.51 701,179.13 FHMS K059 A2DTD 11/01/2016 3.120% 09/01/2026
3137BSRE5 1,233,601.24 AA+ Aa1 11/15/2023 11/20/2023 1,168,403.49 5.11 3,207.36 1,215,597.27 1,225,977.58 FHMS K061 A2DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 495,431.58 AA+ Aa1 5/19/2023 5/24/2023 480,181.57 4.29 1,381.84 491,513.26 492,669.05 FHMS K063 A2DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 600,000.00 AA+ Aa1 10/17/2023 10/20/2023 565,687.50 5.33 1,715.00 588,786.38 597,257.40 FHMS K065 A2DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 650,000.00 AA+ Aa1 11/9/2023 11/14/2023 612,345.70 5.07 1,756.63 635,617.94 645,201.05 FHMS K066 A2DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 800,000.00 AA+ Aa1 4/8/2025 4/11/2025 781,937.50 4.18 2,078.00 787,625.40 792,570.40 FNA 2024-M6 A2DTD 11/01/2024 2.904% 07/01/2027
3136BTGM9 1,175,000.00 AA+ Aa1 12/12/2024 12/17/2024 1,133,875.00 4.32 2,843.50 1,149,614.20 1,161,394.68 FHMS K067 A2DTD 09/01/2017 3.194% 07/01/2027
3137FAWS3 850,000.00 AA+ Aa1 6/4/2025 6/9/2025 832,003.91 4.23 2,262.42 836,557.37 842,418.85 FHMS K068 A2DTD 10/01/2017 3.244% 08/01/2027
3137FBBX3 800,000.00 AA+ Aa1 6/17/2024 6/21/2024 763,187.50 4.80 2,162.67 780,092.14 792,975.20 FHMS K069 A2DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 776,909.55 AA+ Aa1 6/17/2024 6/21/2024 739,338.69 4.78 2,063.34 756,120.62 768,580.30 FHMS K739 A2DTD 11/01/2020 1.336% 09/01/2027
3137F64P9 1,420,568.17 AA+ Aa1 10/30/2024 11/4/2024 1,311,528.46 4.14 1,581.57 1,353,393.40 1,371,111.09 FHMS K070 A2DTD 12/01/2017 3.303% 11/01/2027
3137FCJK1 675,000.00 AA+ Aa1 7/29/2024 8/1/2024 649,291.99 4.54 1,857.94 659,746.95 668,737.35 FHMS K074 A2DTD 03/01/2018 3.600% 01/01/2028
3137F4D41 799,171.57 AA+ Aa1 2/27/2025 3/4/2025 782,033.09 4.39 2,397.51 786,675.97 795,360.32 FHMS K075 A2DTD 04/01/2018 3.650% 02/01/2028
3137F4X72 1,000,000.00 AA+ Aa1 3/5/2025 3/10/2025 982,539.06 4.28 3,041.67 987,067.98 996,127.00 FHMS K076 A2DTD 05/01/2018 3.900% 04/01/2028
3137FEZU7 275,000.00 AA+ Aa1 3/26/2025 3/31/2025 271,283.20 4.38 893.75 272,067.54 275,294.53 32 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 K076 A2DTD 05/01/2018 3.900% 04/01/2028
3137FEZU7 900,000.00 AA+ Aa1 3/4/2025 3/7/2025 890,085.94 4.27 2,925.00 892,531.60 900,963.90 FHMS K743 A2DTD 06/01/2021 1.770% 05/01/2028
3137H14B9 875,000.00 AA+ Aa1 5/22/2025 5/28/2025 813,715.82 4.32 1,290.63 823,818.61 835,235.63 FHMS K077 A2DTD 06/01/2018 3.850% 05/01/2028
3137FG6X8 825,000.00 AA+ Aa1 6/6/2025 6/11/2025 813,430.66 4.35 2,646.88 815,482.22 825,017.33 FHMS K079 A2DTD 08/01/2018 3.926% 06/01/2028
3137FGZT5 975,000.00 AA+ Aa1 4/16/2025 4/22/2025 965,288.09 4.26 3,189.88 967,283.35 976,426.43 Security Type Sub-Total 17,533,621.68 16,814,830.67 4.52 44,393.30 17,184,075.66 17,355,454.78 ABS
KCOT 2022-2A A3DTD 07/21/2022 4.090% 12/15/2026
50117JAC7 38,046.44 NR Aaa 7/14/2022 7/21/2022 38,039.46 4.09 69.16 38,044.92 38,047.54 CARMX 2022-3 A3DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 65,211.24 AAA NR 7/12/2022 7/20/2022 65,209.70 3.97 115.06 65,210.82 65,209.15 TAOT 2022-C A3DTD 08/16/2022 3.760% 04/15/2027
89231CAD9 38,676.24 AAA NR 8/8/2022 8/16/2022 38,669.78 3.76 64.63 38,674.46 38,669.09 COPAR 2022-1 A3DTD 05/04/2022 3.170% 04/15/2027
14043QAC6 28,585.51 AAA NR 4/26/2022 5/4/2022 28,579.27 3.17 40.27 28,583.89 28,565.93 GMCAR 2022-3 A3DTD 07/13/2022 3.640% 04/16/2027
36265WAD5 1,293.35 NR Aaa 7/6/2022 7/13/2022 1,293.34 3.64 1.96 1,293.35 1,293.13 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
02008MAC3 92,690.17 AAA Aaa 10/4/2022 10/12/2022 92,689.02 4.76 196.09 92,689.83 92,755.61 NAROT 2022-B A3DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 97,701.39 AAA Aaa 9/20/2022 9/28/2022 97,681.18 4.46 193.67 97,695.38 97,804.08 COPAR 2022-2 A3DTD 08/10/2022 3.660% 05/17/2027
14043GAD6 60,702.08 AAA Aaa 8/2/2022 8/10/2022 60,697.73 3.66 98.74 60,700.82 60,679.86 KCOT 2023-1A A3DTD 03/31/2023 5.020% 06/15/2027
50117KAC4 225,606.49 NR Aaa 3/28/2023 3/31/2023 225,571.18 5.02 503.35 225,594.27 226,493.80 MBART 2022-1 A3DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 211,003.96 AAA Aaa 11/15/2022 11/22/2022 210,962.22 5.21 488.59 210,989.63 211,625.78 CARMX 2022-4 A3DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 179,030.56 AAA NR 10/26/2022 10/31/2022 178,988.58 5.35 424.90 179,016.32 179,540.62 33 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 85,606.64 AAA NR 1/24/2023 1/30/2023 85,606.60 4.63 176.16 85,606.63 85,803.37 MBART 2023-1 A3DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 67,707.18 AAA NR 1/18/2023 1/25/2023 67,699.05 4.51 135.72 67,704.01 67,820.25 HAROT 2023-2 A3DTD 05/30/2023 4.930% 11/15/2027
437927AC0 190,291.73 AAA Aaa 5/23/2023 5/30/2023 190,260.90 4.93 416.95 190,278.79 191,173.92 HDMOT 2023-A A3DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 147,189.71 NR Aaa 2/13/2023 2/23/2023 147,174.88 5.05 330.36 147,183.68 147,632.90 KCOT 2025-1A A2DTD 02/19/2025 4.610% 12/15/2027
50117FAB7 335,379.29 NR Aaa 2/11/2025 2/19/2025 335,337.37 4.61 687.15 335,349.87 336,722.15 KCOT 2023-2A A3DTD 07/26/2023 5.280% 01/18/2028
500945AC4 298,922.20 NR Aaa 7/18/2023 7/26/2023 298,846.69 5.29 701.47 298,887.68 301,151.56 FORDO 2023-A A3DTD 03/31/2023 4.650% 02/15/2028
344928AD8 146,938.90 AAA NR 3/28/2023 3/31/2023 146,923.58 4.65 303.67 146,932.23 147,321.83 BAAT 2023-1A A3DTD 07/31/2023 5.530% 02/15/2028
06428AAC2 182,325.13 NR Aaa 7/25/2023 7/31/2023 182,318.22 5.53 448.11 182,321.90 183,614.90 TAOT 2023-B A3DTD 05/23/2023 4.710% 02/15/2028
891941AD8 315,569.43 NR Aaa 5/16/2023 5/23/2023 315,551.79 4.71 660.59 315,561.52 316,761.34 GMCAR 2023-2 A3DTD 04/12/2023 4.470% 02/16/2028
362583AD8 154,862.07 AAA Aaa 4/4/2023 4/12/2023 154,857.82 4.47 288.43 154,860.21 155,132.46 BMWOT 2023-A A3DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 103,985.36 AAA NR 7/11/2023 7/18/2023 103,966.93 5.47 94.80 103,976.75 104,612.60 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 280,574.95 NR Aaa 7/11/2023 7/19/2023 280,527.11 5.48 680.86 280,551.42 282,635.77 FORDO 2023-B A3DTD 06/26/2023 5.230% 05/15/2028
344930AD4 236,185.26 AAA NR 6/21/2023 6/26/2023 236,182.07 5.23 549.00 236,183.71 237,711.96 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 4.87 822.49 379,983.74 381,390.04 HAROT 2023-4 A3DTD 11/08/2023 5.670% 06/21/2028
438123AC5 177,173.00 NR Aaa 11/1/2023 11/8/2023 177,141.80 5.67 279.05 177,155.47 179,106.49 BMWLT 2025-1 A3DTD 06/10/2025 4.430% 06/26/2028
096912AD2 315,000.00 AAA NR 6/3/2025 6/10/2025 314,993.07 4.43 232.58 314,994.82 317,722.23 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 5.19 934.20 404,991.33 409,557.87 34 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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-D A3DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 165,237.51 AAA NR 11/7/2023 11/14/2023 165,219.69 5.54 406.85 165,227.45 167,057.43 FITAT 2023-1 A3DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 471,154.28 AAA Aaa 8/15/2023 8/23/2023 471,125.07 5.53 1,157.99 471,138.89 475,060.62 GMCAR 2023-4 A3DTD 10/11/2023 5.780% 08/16/2028
379930AD2 239,974.29 AAA Aaa 10/3/2023 10/11/2023 239,925.00 5.78 577.94 239,946.30 242,392.51 HART 2023-C A3DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 186,834.36 AAA NR 11/3/2023 11/13/2023 186,809.79 5.54 460.03 186,819.89 188,717.27 PILOT 2025-1A A3DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 200,000.00 AAA NR 5/14/2025 5/21/2025 199,978.58 4.61 281.72 199,982.68 202,274.00 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 1,192.27 509,991.86 518,373.18 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 4.98 586.53 264,978.77 267,750.70 BAAT 2024-1A A3DTD 05/22/2024 5.350% 11/15/2028
09709AAC6 142,783.73 NR Aaa 5/14/2024 5/22/2024 142,760.48 5.35 339.51 142,768.56 144,229.27 NAROT 2024-A A3DTD 05/22/2024 5.280% 12/15/2028
65479UAD0 1,164,114.54 NR Aaa 5/14/2024 5/22/2024 1,164,005.81 5.28 2,731.79 1,164,041.42 1,174,383.19 CHAIT 2024-A1 ADTD 01/31/2024 4.600% 01/15/2029
161571HV9 1,085,000.00 AAA NR 1/24/2024 1/31/2024 1,084,834.75 4.60 2,218.22 1,084,895.57 1,094,720.52 BMWOT 2024-A A3DTD 06/11/2024 5.180% 02/26/2029
096919AD7 630,792.46 AAA Aaa 6/4/2024 6/11/2024 630,696.64 5.18 544.58 630,726.54 636,549.71 USAOT 2024-A A3DTD 07/30/2024 5.030% 03/15/2029
90327VAC2 314,551.41 AAA Aaa 7/24/2024 7/30/2024 314,492.53 5.03 703.20 314,509.59 317,019.69 GMCAR 2024-2 A3DTD 04/10/2024 5.100% 03/16/2029
379931AD0 283,903.93 AAA Aaa 4/4/2024 4/10/2024 283,849.00 5.10 603.30 283,867.03 286,236.20 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 2,074.00 914,994.47 926,769.65 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 1,293.19 604,934.17 611,386.38 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 1,019.20 519,972.35 524,099.16 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 1,167.67 564,981.60 572,733.16 35 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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
ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
02007NAC2 298,240.51 AAA NR 9/24/2024 9/27/2024 298,209.67 4.14 548.76 298,217.95 298,726.94 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 4.63 360.75 254,981.66 258,160.22 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 1,412.62 684,979.48 692,332.24 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 4.40 760.83 414,938.92 418,111.67 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 1,381.88 1,004,973.08 1,015,435.92 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 4.18 205.52 294,977.04 295,965.53 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 1,054,843.79 1,057,954.00 KCOT 2025-2A A3DTD 06/25/2025 4.420% 09/17/2029
50117LAC2 280,000.00 NR Aaa 6/17/2025 6/25/2025 279,999.72 4.42 550.04 280,000.00 282,793.84 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 1,891.20 984,879.72 992,293.93 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 2,403.00 1,214,902.73 1,227,058.88 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 4.29 981.93 514,940.67 519,988.81 HAROT 2025-2 A3DTD 05/08/2025 4.150% 10/15/2029
437921AD1 250,000.00 NR Aaa 4/29/2025 5/8/2025 249,972.07 4.15 461.11 249,976.37 251,529.25 TAOT 2025-B A3DTD 04/30/2025 4.340% 11/15/2029
89231HAD8 445,000.00 AAA NR 4/24/2025 4/30/2025 444,974.50 4.34 858.36 444,979.41 448,491.92 BAAT 2025-1A A3DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 230,000.00 NR Aaa 5/6/2025 5/12/2025 229,984.13 4.35 305.71 229,986.86 231,523.98 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 4.62 995.87 484,971.98 489,980.95 USAOT 2025-A A3DTD 10/09/2025 3.950% 12/17/2029
90327HAC3 190,000.00 AAA Aaa 10/2/2025 10/9/2025 189,983.32 3.95 333.56 189,984.70 190,472.91 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 1,317.16 619,892.81 628,973.26 36 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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
NAROT 2025-A A3DTD 05/27/2025 4.490% 12/17/2029
65481GAD7 990,000.00 NR Aaa 5/20/2025 5/27/2025 989,809.92 4.49 1,975.60 989,835.04 1,002,952.17 VALET 2025-2 A3DTD 11/25/2025 3.920% 03/20/2030
92869QAD1 445,000.00 NR Aaa 11/18/2025 11/25/2025 444,925.33 3.92 533.01 444,927.43 446,097.82 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 1,247.14 904,968.76 912,192.94 AMXCA 2025-2 A
DTD 05/13/2025 4.280% 04/15/2030
02582JKP4 1,045,000.00 AAA NR 5/6/2025 5/13/2025 1,044,981.09 4.28 1,987.82 1,044,983.65 1,056,927.63 TMUST 2025-2A ADTD 08/06/2025 4.340% 04/22/2030
87268MAA3 305,000.00 NR Aaa 7/29/2025 8/6/2025 304,994.60 4.34 404.46 304,995.21 307,726.09 WFCIT 2025-A1 ADTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 730,000.00 AAA NR 6/3/2025 6/10/2025 729,987.88 4.34 1,408.09 729,991.29 739,690.75 BACCT 2025-A1 ADTD 06/12/2025 4.310% 05/15/2030
05522RDK1 455,000.00 AAA NR 6/5/2025 6/12/2025 454,998.27 4.31 871.58 455,000.00 460,470.46 TAOT 2025-D A3DTD 10/23/2025 3.840% 06/17/2030
89231GAD0 520,000.00 AAA NR 10/15/2025 10/23/2025 519,940.20 3.84 887.47 519,942.52 520,556.92 HAROT 2025-4 A3DTD 11/12/2025 3.980% 06/17/2030
43814XAD5 690,000.00 AAA NR 11/5/2025 11/12/2025 689,866.42 3.98 1,220.53 689,870.47 693,663.21 CCCIT 2025-A1 ADTD 06/26/2025 4.300% 06/21/2030
17305EHA6 825,000.00 AAA Aaa 6/18/2025 6/26/2025 824,776.18 4.31 985.42 824,797.26 834,579.90 CHAOT 2025-1A A3DTD 07/30/2025 4.290% 06/25/2030
16145NAC5 415,000.00 NR Aaa 7/23/2025 7/30/2025 414,959.45 4.29 296.73 414,962.82 418,449.07 AMXCA 2025-4 A
DTD 07/22/2025 4.300% 07/15/2030
02582JKV1 370,000.00 AAA NR 7/15/2025 7/22/2025 369,946.68 4.30 707.11 369,951.26 374,800.01 COPAR 2025-1 A3DTD 11/05/2025 3.850% 07/15/2030
14043YAD7 375,000.00 AAA NR 10/28/2025 11/5/2025 374,920.58 3.85 641.67 374,923.60 375,174.37 COMET 2025-A1 ADTD 09/16/2025 3.820% 09/15/2030
14041NGF2 665,000.00 AAA NR 9/9/2025 9/16/2025 664,873.92 3.82 1,129.02 664,882.75 665,381.05 Security Type Sub-Total 31,083,845.31 31,080,358.69 4.60 58,197.99 31,081,253.82 31,344,765.51 Managed Account Sub Total 214,372,467.00 213,098,687.98 1,481,087.33 215,012,878.24Securities Sub TotalAccrued Interest $214,372,467.00 $213,098,687.98 $1,481,087.33 $215,012,878.24 $1,481,087.33
213,556,332.10
$213,556,332.10

4.12 4.12%
37 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 31, 2025
Portfolio Holdings
Total Investments $216,493,965.57
38 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
BUY10/2/2025 10/9/2025 190,000.00 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 189,983.32 3.95%10/3/2025 10/8/2025 1,675,000.00 9128285M8 US TREASURY N/B 3.12% 11/15/2028 1,672,342.98 3.60%10/8/2025 10/15/2025 900,000.00 91282CPC9 US TREASURY N/B 3.50% 10/15/2028 897,644.53 3.59%10/9/2025 10/17/2025 440,000.00 21688ABP6 COOPERAT RABOBANK UA/NY 3.95% 10/17/2028 440,000.00 3.96%10/14/2025 10/21/2025 800,000.00 38141GD27 GOLDMAN SACHS GROUP INC (CALLABLE) 4.15% 10/21/2029 800,000.00 4.15%10/15/2025 10/23/2025 520,000.00 89231GAD0 TAOT 2025-D A3 3.84% 6/17/2030 519,940.20 3.84%10/17/2025 10/22/2025 395,000.00 61748UAK8 MORGAN STANLEY (CALLABLE) 4.13% 10/18/2029 395,000.00 4.13%10/20/2025 10/23/2025 930,000.00 89788JAH2 TRUIST BANK (CALLABLE) 4.13% 10/23/2029 930,000.00 4.14%10/24/2025 10/28/2025 850,000.00 91282CPC9 US TREASURY N/B 3.50% 10/15/2028 851,029.30 3.50%10/28/2025 11/5/2025 375,000.00 14043YAD7 COPAR 2025-1 A3 3.85% 7/15/2030 374,920.58 3.85%11/3/2025 11/5/2025 445,000.00 66989HAX6 NOVARTIS CAPITAL CORP (CALLABLE) 3.90% 11/5/2028 444,902.10 3.91%11/3/2025 11/6/2025 130,000.00 02079KAV9 ALPHABET INC (CALLABLE) 3.87% 11/15/2028 129,888.20 3.91%11/4/2025 11/5/2025 425,000.00 66989HAX6 NOVARTIS CAPITAL CORP (CALLABLE) 3.90% 11/5/2028 425,106.25 3.89%11/4/2025 11/7/2025 1,650,000.00 91282CPC9 US TREASURY N/B 3.50% 10/15/2028 1,649,846.31 3.58%11/5/2025 11/7/2025 180,000.00 69371RU20 PACCAR FINANCIAL CORP 4.00% 11/7/2028 179,899.20 4.02%11/5/2025 11/12/2025 690,000.00 43814XAD5 HAROT 2025-4 A3 3.98% 6/17/2030 689,866.42 3.98%11/10/2025 11/14/2025 1,250,000.00 14913UBD1 CATERPILLAR FINL SERVICE 3.95% 11/14/2028 1,249,337.50 3.97% 39 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
BUY11/13/2025 11/18/2025 1,250,000.00 91282CPK1 US TREASURY N/B 3.50% 11/15/2028 1,247,286.40 3.59%11/17/2025 11/20/2025 615,000.00 023135CS3 AMAZON.COM INC (CALLABLE) 3.90% 11/20/2028 614,864.70 3.91%11/18/2025 11/21/2025 460,000.00 717081FJ7 PFIZER INC 3.87% 11/15/2027 459,949.40 3.88%11/18/2025 11/25/2025 445,000.00 92869QAD1 VALET 2025-2 A3 3.92% 3/20/2030 444,925.33 3.92%12/1/2025 12/4/2025 240,000.00 58933YBW4 MERCK & CO INC (CALLABLE) 3.85% 3/15/2029 239,644.80 3.90%12/1/2025 12/10/2025 830,000.00 63743HGB2 NATIONAL RURAL UTIL COOP 3.95% 12/10/2027 829,385.80 3.99%12/2/2025 12/4/2025 1,500,000.00 91282CPK1 US TREASURY N/B 3.50% 11/15/2028 1,501,114.90 3.54%12/8/2025 12/11/2025 1,250,000.00 91282CPK1 US TREASURY N/B 3.50% 11/15/2028 1,248,650.08 3.63%12/9/2025 12/15/2025 750,000.00 91282CPP0 US TREASURY N/B 3.50% 12/15/2028 746,835.94 3.65%12/11/2025 12/12/2025 10,000,000.00 91282CPL9 US TREASURY N/B 3.37% 11/30/2027 9,981,829.50 3.53%12/11/2025 12/12/2025 10,000,000.00 91282CHE4 US TREASURY N/B 3.62% 5/31/2028 10,031,481.80 3.54%12/11/2025 12/12/2025 10,000,000.00 912828X88 US TREASURY N/B 2.37% 5/15/2027 9,854,432.84 3.56%12/11/2025 12/15/2025 5,000,000.00 91282CPP0 US TREASURY N/B 3.50% 12/15/2028 4,989,843.75 3.57%12/12/2025 12/15/2025 5,000,000.00 91282CNL1 US TREASURY N/B 3.75% 6/30/2027 5,100,832.21 3.54%12/12/2025 12/15/2025 5,000,000.00 91282CMN8 US TREASURY N/B 4.25% 2/15/2028 5,142,714.00 3.55%12/12/2025 12/15/2025 4,000,000.00 91282CCH2 US TREASURY N/B 1.25% 6/30/2028 3,799,544.84 3.56% 40 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST10/1/2025 10/25/2025 3137F4D41 FHMS K074 A2 3.60% 1/1/2028 2,400.0010/1/2025 10/25/2025 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 1,715.0010/1/2025 10/25/2025 3137FCJK1 FHMS K070 A2 3.30% 11/1/2027 1,857.9410/1/2025 10/25/2025 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 1,682.4110/1/2025 10/25/2025 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 2,074.3810/1/2025 10/25/2025 3136BTGM9 FNA 2024-M6 A2 2.90% 7/1/2027 2,843.6110/1/2025 10/25/2025 3137FBBX3 FHMS K068 A2 3.24% 8/1/2027 2,162.6710/1/2025 10/25/2025 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 2,509.3910/1/2025 10/25/2025 3137F4X72 FHMS K075 A2 3.65% 2/1/2028 3,041.6710/1/2025 10/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,658.1210/1/2025 10/25/2025 3137FEZU7 FHMS K076 A2 3.90% 4/1/2028 3,818.7510/1/2025 10/25/2025 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 1,587.9010/1/2025 10/25/2025 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 1,290.6310/1/2025 10/25/2025 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,351.2510/1/2025 10/25/2025 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 3,248.9110/4/2025 10/4/2025 00724PAE9 ADOBE INC (CALLABLE) 4.85% 4/4/2027 11,155.0010/4/2025 10/4/2025 00440KAA1 ACCENTURE CAPITAL INC (CALLABLE) 3.90% 10/4/2027 4,582.50 42 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST10/12/2025 10/12/2025 61747YFY6 MORGAN STANLEY (CALLABLE) 4.99% 4/12/2029 5,219.4210/15/2025 10/15/2025 91324PEY4 UNITEDHEALTH GROUP INC (CALLABLE) 4.60% 4/15/2027 23,000.0010/15/2025 10/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 1,634.2110/15/2025 10/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 897.5410/15/2025 10/15/2025 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,615.5410/15/2025 10/15/2025 448976AD2 HART 2024-C A3 4.41% 5/15/2029 1,911.0010/15/2025 10/15/2025 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 62.3810/15/2025 10/15/2025 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 340.8010/15/2025 10/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 864.5810/15/2025 10/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 2,640.1710/15/2025 10/15/2025 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 370.5910/15/2025 10/15/2025 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 219.5710/15/2025 10/15/2025 89240JAD3 TAOT 2025-A A3 4.64% 8/15/2029 2,648.6710/15/2025 10/15/2025 65481GAD7 NAROT 2025-A A3 4.49% 12/17/2029 3,704.2510/15/2025 10/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 514.9110/15/2025 10/15/2025 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 1,841.1310/15/2025 10/15/2025 02589BAE0 AMXCA 2024-3 A 4.65% 7/15/2029 2,189.38 43 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST10/15/2025 10/15/2025 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,104.2310/15/2025 10/15/2025 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 147.1310/15/2025 10/15/2025 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 36.8510/15/2025 10/15/2025 50117FAB7 KCOT 2025-1A A2 4.61% 12/15/2027 1,440.6310/15/2025 10/15/2025 14041NGE5 COMET 2024-A1 A 3.92% 9/15/2029 3,446.3310/15/2025 10/15/2025 90327VAC2 USAOT 2024-A A3 5.03% 3/15/2029 1,341.3310/15/2025 10/15/2025 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 2,235.5010/15/2025 10/15/2025 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 1,039.8210/15/2025 10/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 461.2010/15/2025 10/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 568.8310/15/2025 10/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,542.1710/15/2025 10/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 1,099.7510/15/2025 10/15/2025 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,579.7810/15/2025 10/15/2025 65479UAD0 NAROT 2024-A A3 5.28% 12/15/2028 5,192.0010/15/2025 10/15/2025 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 461.6410/15/2025 10/15/2025 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 1,060.3410/15/2025 10/15/2025 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 1,751.63 44 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST10/15/2025 10/15/2025 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,313.9910/15/2025 10/15/2025 50117LAC2 KCOT 2025-2A A3 4.42% 9/17/2029 1,031.3310/15/2025 10/15/2025 02007NAC2 ALLYA 2024-2 A3 4.14% 7/16/2029 1,035.0010/15/2025 10/15/2025 02582JKV1 AMXCA 2025-4 A 4.30% 7/15/2030 1,325.8310/15/2025 10/15/2025 89231HAD8 TAOT 2025-B A3 4.34% 11/15/2029 1,609.4210/15/2025 10/15/2025 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 1,633.3310/15/2025 10/15/2025 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 863.2810/15/2025 10/15/2025 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 917.5710/15/2025 10/15/2025 362955AD8 GMCAR 2025-1 A3 4.62% 12/17/2029 1,867.2510/15/2025 10/15/2025 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 112.1410/15/2025 10/15/2025 02582JKP4 AMXCA 2025-2 A 4.28% 4/15/2030 3,727.1710/15/2025 10/15/2025 91282CKJ9 US TREASURY N/B 4.50% 4/15/2027 72,000.0010/15/2025 10/15/2025 91282CLQ2 US TREASURY N/B 3.87% 10/15/2027 76,531.2510/15/2025 10/15/2025 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,457.1610/15/2025 10/15/2025 34535KAD0 FORDO 2025-A A3 4.45% 10/15/2029 4,505.6210/15/2025 10/15/2025 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 757.9210/15/2025 10/15/2025 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 194.45 45 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST10/15/2025 10/15/2025 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 1,329.3010/15/2025 10/15/2025 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,159.1710/15/2025 10/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,729.8610/15/2025 10/15/2025 44935CAD3 HART 2025-A A3 4.32% 10/15/2029 3,546.0010/15/2025 10/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 770.9910/15/2025 10/15/2025 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 1,290.3110/15/2025 10/15/2025 34531QAD1 FORDO 2024-B A3 5.10% 4/15/2029 3,888.7510/15/2025 10/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,469.6710/16/2025 10/16/2025 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 186.7110/16/2025 10/16/2025 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,431.6810/16/2025 10/16/2025 379931AD0 GMCAR 2024-2 A3 5.10% 3/16/2029 1,317.5010/16/2025 10/16/2025 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 82.3710/16/2025 10/16/2025 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 1,521.6710/16/2025 10/16/2025 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 786.5810/16/2025 10/16/2025 38013KAD2 GMCAR 2024-3 A3 5.13% 4/16/2029 2,586.3810/20/2025 10/20/2025 92868MAD1 VALET 2025-1 A3 4.50% 8/20/2029 3,768.7510/20/2025 10/20/2025 92868RAD0 VALET 2024-1 A3 4.63% 7/20/2029 983.87 46 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST10/20/2025 10/20/2025 87268MAA3 TMUST 2025-2A A 4.34% 4/22/2030 1,103.0810/20/2025 10/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 833.7510/20/2025 10/20/2025 06405LAH4 BANK OF NEW YORK MELLON (CALLABLE) 4.72% 4/20/2029 5,845.5710/20/2025 10/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 3,401.2910/20/2025 10/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 768.3310/21/2025 10/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 1,033.9210/24/2025 10/24/2025 857477DA8 STATE STREET CORP (CALLABLE) 4.54% 4/24/2028 5,338.0310/25/2025 10/25/2025 025816ED7 AMERICAN EXPRESS CO (CALLABLE) 4.73% 4/25/2029 12,773.7010/25/2025 10/25/2025 16144QAC9 CHAOT 2024-5A A3 4.18% 8/27/2029 1,027.5810/25/2025 10/25/2025 16145NAC5 CHAOT 2025-1A A3 4.29% 6/25/2030 1,483.6310/25/2025 10/25/2025 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 2,762.6710/25/2025 10/25/2025 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 646.5210/25/2025 10/25/2025 096912AD2 BMWLT 2025-1 A3 4.43% 6/26/2028 1,162.8810/28/2025 10/28/2025 931142FL2 WALMART INC 4.10% 4/28/2027 6,765.0010/28/2025 10/28/2025 89788MAJ1 TRUIST FINANCIAL CORP (CALLABLE) 5.90% 10/28/2026 14,602.5011/1/2025 11/1/2025 17252MAR1 CINTAS CORPORATION NO. 2 (CALLABLE) 4.20% 5/1/2028 9,919.5811/1/2025 11/25/2025 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 1,584.99 47 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST11/1/2025 11/25/2025 3137F4X72 FHMS K075 A2 3.65% 2/1/2028 3,041.6711/1/2025 11/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,387.8211/1/2025 11/25/2025 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 824.9011/1/2025 11/25/2025 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 2,504.5011/1/2025 11/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 728.8011/1/2025 11/25/2025 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 1,715.0011/1/2025 11/25/2025 3137F2LJ3 FHMS K066 A2 3.11% 6/1/2027 2,078.0011/1/2025 11/25/2025 3137FG6X8 FHMS K077 A2 3.85% 5/1/2028 2,646.8711/1/2025 11/25/2025 3137FCJK1 FHMS K070 A2 3.30% 11/1/2027 1,857.9411/1/2025 11/25/2025 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 2,070.6411/1/2025 11/25/2025 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 1,185.1111/1/2025 11/25/2025 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 3,242.2211/1/2025 11/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,658.1211/1/2025 11/25/2025 3137FAWS3 FHMS K067 A2 3.19% 7/1/2027 2,262.4211/1/2025 11/25/2025 3137FEZU7 FHMS K076 A2 3.90% 4/1/2028 3,818.7511/1/2025 11/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,756.6311/1/2025 11/25/2025 3136BTGM9 FNA 2024-M6 A2 2.90% 7/1/2027 2,938.34 48 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST11/1/2025 11/25/2025 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 1,163.2711/1/2025 11/25/2025 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,348.9811/1/2025 11/25/2025 3137FGZT5 FHMS K079 A2 3.92% 6/1/2028 3,189.8711/1/2025 11/25/2025 3137F4D41 FHMS K074 A2 3.60% 1/1/2028 2,400.0011/1/2025 11/25/2025 3137FBBX3 FHMS K068 A2 3.24% 8/1/2027 2,162.6711/1/2025 11/25/2025 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 1,290.6311/3/2025 11/3/2025 MONEY0002 MONEY MARKET FUND 0.00% 840.1211/4/2025 11/4/2025 857477BX0 STATE STREET CORP (CALLABLE) 5.75% 11/4/2026 5,894.7811/7/2025 11/7/2025 172967PZ8 CITIGROUP INC (CALLABLE) 4.64% 5/7/2028 15,089.7511/9/2025 11/9/2025 231021AY2 CUMMINS INC (CALLABLE) 4.25% 5/9/2028 1,700.0011/12/2025 11/12/2025 037833EY2 APPLE INC (CALLABLE) 4.00% 5/12/2028 20,000.0011/14/2025 11/14/2025 89236TNG6 TOYOTA MOTOR CREDIT CORP 4.50% 5/14/2027 14,320.0011/15/2025 11/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 2,640.1711/15/2025 11/15/2025 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 734.8011/15/2025 11/15/2025 362955AD8 GMCAR 2025-1 A3 4.62% 12/17/2029 1,867.2511/15/2025 11/15/2025 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 862.6911/15/2025 11/15/2025 91282CKR1 US TREASURY N/B 4.50% 5/15/2027 191,812.50 49 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST11/15/2025 11/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,527.6311/15/2025 11/15/2025 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 1,523.2711/15/2025 11/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 1,634.2111/15/2025 11/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 1,099.7511/15/2025 11/15/2025 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 72.2711/15/2025 11/15/2025 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 346.5711/15/2025 11/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 797.7311/15/2025 11/15/2025 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 2.0511/15/2025 11/15/2025 448976AD2 HART 2024-C A3 4.41% 5/15/2029 1,911.0011/15/2025 11/15/2025 02007NAC2 ALLYA 2024-2 A3 4.14% 7/16/2029 1,035.0011/15/2025 11/15/2025 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,257.7911/15/2025 11/15/2025 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 949.4511/15/2025 11/15/2025 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 1,118.6711/15/2025 11/15/2025 91282CLX7 US TREASURY N/B 4.12% 11/15/2027 97,453.1311/15/2025 11/15/2025 44935CAD3 HART 2025-A A3 4.32% 10/15/2029 3,546.0011/15/2025 11/15/2025 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 0.9311/15/2025 11/15/2025 89240JAD3 TAOT 2025-A A3 4.64% 8/15/2029 2,648.67 50 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST11/15/2025 11/15/2025 02582JKP4 AMXCA 2025-2 A 4.28% 4/15/2030 3,727.1711/15/2025 11/15/2025 9128285M8 US TREASURY N/B 3.12% 11/15/2028 26,171.8811/15/2025 11/15/2025 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 329.1711/15/2025 11/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,542.1711/15/2025 11/15/2025 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 792.1911/15/2025 11/15/2025 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 681.5011/15/2025 11/15/2025 02589BAE0 AMXCA 2024-3 A 4.65% 7/15/2029 2,189.3811/15/2025 11/15/2025 14041NGF2 COMET 2025-A1 A 3.82% 9/15/2030 4,163.2711/15/2025 11/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 864.5811/15/2025 11/15/2025 34535KAD0 FORDO 2025-A A3 4.45% 10/15/2029 4,505.6211/15/2025 11/15/2025 34531QAD1 FORDO 2024-B A3 5.10% 4/15/2029 3,888.7511/15/2025 11/15/2025 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 1,222.9111/15/2025 11/15/2025 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 1,841.1311/15/2025 11/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 410.8811/15/2025 11/15/2025 02582JKV1 AMXCA 2025-4 A 4.30% 7/15/2030 1,325.8311/15/2025 11/15/2025 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,159.1711/15/2025 11/15/2025 65481GAD7 NAROT 2025-A A3 4.49% 12/17/2029 3,704.25 51 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST11/15/2025 11/15/2025 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 1,751.6311/15/2025 11/15/2025 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 53.1811/15/2025 11/15/2025 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 184.3211/15/2025 11/15/2025 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,007.9411/15/2025 11/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 415.2111/15/2025 11/15/2025 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 2,235.5011/15/2025 11/15/2025 50117LAC2 KCOT 2025-2A A3 4.42% 9/17/2029 1,031.3311/15/2025 11/15/2025 89231GAD0 TAOT 2025-D A3 3.84% 6/17/2030 1,220.2711/15/2025 11/15/2025 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,459.2311/15/2025 11/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,469.6711/15/2025 11/15/2025 14041NGE5 COMET 2024-A1 A 3.92% 9/15/2029 3,446.3311/15/2025 11/15/2025 91282CND9 US TREASURY N/B 3.75% 5/15/2028 103,125.0011/15/2025 11/15/2025 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 285.9711/15/2025 11/15/2025 89231HAD8 TAOT 2025-B A3 4.34% 11/15/2029 1,609.4211/15/2025 11/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 493.9911/15/2025 11/15/2025 90327VAC2 USAOT 2024-A A3 5.03% 3/15/2029 1,341.3311/15/2025 11/15/2025 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 152.44 52 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST11/15/2025 11/15/2025 65479UAD0 NAROT 2024-A A3 5.28% 12/15/2028 5,192.0011/15/2025 11/15/2025 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 993.8311/15/2025 11/15/2025 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,494.9111/15/2025 11/15/2025 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,184.1211/15/2025 11/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 698.0511/15/2025 11/15/2025 50117FAB7 KCOT 2025-1A A2 4.61% 12/15/2027 1,440.6311/16/2025 11/16/2025 38145GAH3 GOLDMAN SACHS GROUP INC (CALLABLE) 3.50% 11/16/2026 8,750.0011/16/2025 11/16/2025 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 1,521.6711/16/2025 11/16/2025 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,335.0911/16/2025 11/16/2025 379931AD0 GMCAR 2024-2 A3 5.10% 3/16/2029 1,317.5011/16/2025 11/16/2025 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 50.2711/16/2025 11/16/2025 38013KAD2 GMCAR 2024-3 A3 5.13% 4/16/2029 2,586.3811/16/2025 11/16/2025 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 124.0911/16/2025 11/16/2025 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 712.9911/17/2025 11/17/2025 10373QBY5 BP CAP MARKETS AMERICA (CALLABLE) 5.01% 11/17/2027 20,444.2811/20/2025 11/20/2025 637639AN5 NATIONAL SECS CLEARING 4.35% 5/20/2027 8,265.0011/20/2025 11/20/2025 87268MAA3 TMUST 2025-2A A 4.34% 4/22/2030 1,103.08 53 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST11/20/2025 11/20/2025 92868RAD0 VALET 2024-1 A3 4.63% 7/20/2029 983.8711/20/2025 11/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 833.7511/20/2025 11/20/2025 92868MAD1 VALET 2025-1 A3 4.50% 8/20/2029 3,768.7511/20/2025 11/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 768.3311/20/2025 11/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 3,401.2911/21/2025 11/21/2025 38151LAG5 GOLDMAN SACHS BANK USA (CALLABLE) 5.41% 5/21/2027 12,858.2511/21/2025 11/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 964.6711/25/2025 11/25/2025 096912AD2 BMWLT 2025-1 A3 4.43% 6/26/2028 1,162.8811/25/2025 11/25/2025 16144QAC9 CHAOT 2024-5A A3 4.18% 8/27/2029 1,027.5811/25/2025 11/25/2025 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 585.2511/25/2025 11/25/2025 16145NAC5 CHAOT 2025-1A A3 4.29% 6/25/2030 1,483.6311/25/2025 11/25/2025 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 2,762.6711/26/2025 11/26/2025 61690U8B9 MORGAN STANLEY BANK NA (CALLABLE) 5.50% 5/26/2028 8,393.6011/30/2025 11/30/2025 91282CFZ9 US TREASURY N/B 3.87% 11/30/2027 29,062.5012/1/2025 12/1/2025 MONEY0002 MONEY MARKET FUND 0.00% 891.2012/1/2025 12/1/2025 90327QD97 USAA CAPITAL CORP 5.25% 6/1/2027 18,768.7512/1/2025 12/25/2025 3137FAWS3 FHMS K067 A2 3.19% 7/1/2027 2,262.42 54 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST12/1/2025 12/25/2025 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 436.2912/1/2025 12/25/2025 3137FBBX3 FHMS K068 A2 3.24% 8/1/2027 2,162.6712/1/2025 12/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,658.1212/1/2025 12/25/2025 3136BTGM9 FNA 2024-M6 A2 2.90% 7/1/2027 2,843.5012/1/2025 12/25/2025 3137F4D41 FHMS K074 A2 3.60% 1/1/2028 2,400.0012/1/2025 12/25/2025 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 536.0412/1/2025 12/25/2025 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 1,290.6312/1/2025 12/25/2025 3137F4X72 FHMS K075 A2 3.65% 2/1/2028 3,041.6712/1/2025 12/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 561.5112/1/2025 12/25/2025 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 2,499.8912/1/2025 12/25/2025 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 835.9412/1/2025 12/25/2025 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 3,235.8512/1/2025 12/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,756.6312/1/2025 12/25/2025 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 2,067.1112/1/2025 12/25/2025 3137FG6X8 FHMS K077 A2 3.85% 5/1/2028 2,646.8712/1/2025 12/25/2025 3137F2LJ3 FHMS K066 A2 3.11% 6/1/2027 2,078.0012/1/2025 12/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,384.92 55 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST12/1/2025 12/25/2025 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 1,715.0012/1/2025 12/25/2025 3137FEZU7 FHMS K076 A2 3.90% 4/1/2028 3,818.7512/1/2025 12/25/2025 3137FCJK1 FHMS K070 A2 3.30% 11/1/2027 1,857.9412/1/2025 12/25/2025 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 1,583.3212/1/2025 12/25/2025 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,346.8312/1/2025 12/25/2025 3137FGZT5 FHMS K079 A2 3.92% 6/1/2028 3,189.8712/3/2025 12/3/2025 40428HR95 HSBC USA INC 4.65% 6/3/2028 5,347.5012/4/2025 12/4/2025 17325FBC1 CITIBANK NA (CALLABLE) 5.48% 12/4/2026 11,799.2012/5/2025 12/5/2025 24422EYD5 JOHN DEERE CAPITAL CORP 4.25% 6/5/2028 8,075.0012/9/2025 12/9/2025 06406RCH8 BANK OF NY MELLON CORP (CALLABLE) 4.44% 6/9/2028 8,280.6112/11/2025 12/11/2025 63253QAJ3 NATIONAL AUSTRALIA BK/NY 5.08% 6/11/2027 10,301.1812/11/2025 12/11/2025 009158BN5 AIR PRODUCTS & CHEMICALS (CALLABLE) 4.30% 6/11/2028 16,125.0012/13/2025 12/13/2025 632525CJ8 NATIONAL AUSTRALIA BK/NY 4.30% 6/13/2028 16,370.4012/15/2025 12/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 1,634.2112/15/2025 12/15/2025 362955AD8 GMCAR 2025-1 A3 4.62% 12/17/2029 1,867.2512/15/2025 12/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 627.9812/15/2025 12/15/2025 02582JKP4 AMXCA 2025-2 A 4.28% 4/15/2030 3,727.17 56 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST12/15/2025 12/15/2025 14041NGF2 COMET 2025-A1 A 3.82% 9/15/2030 2,116.9212/15/2025 12/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 424.3412/15/2025 12/15/2025 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,072.3612/15/2025 12/15/2025 50117FAB7 KCOT 2025-1A A2 4.61% 12/15/2027 1,371.2312/15/2025 12/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,469.6712/15/2025 12/15/2025 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 1,414.3112/15/2025 12/15/2025 87612EBU9 TARGET CORP (CALLABLE) 4.35% 6/15/2028 4,582.6012/15/2025 12/15/2025 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 1,751.6312/15/2025 12/15/2025 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 949.3212/15/2025 12/15/2025 02589BAE0 AMXCA 2024-3 A 4.65% 7/15/2029 2,189.3812/15/2025 12/15/2025 91282CNH0 US TREASURY N/B 3.87% 6/15/2028 35,359.3812/15/2025 12/15/2025 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 809.7912/15/2025 12/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 308.6712/15/2025 12/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 701.4912/15/2025 12/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,542.1712/15/2025 12/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 1,099.7512/15/2025 12/15/2025 032654BD6 ANALOG DEVICES INC (CALLABLE) 4.25% 6/15/2028 18,807.43 57 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST12/15/2025 12/15/2025 14043YAD7 COPAR 2025-1 A3 3.85% 7/15/2030 1,604.1712/15/2025 12/15/2025 90327VAC2 USAOT 2024-A A3 5.03% 3/15/2029 1,341.3312/15/2025 12/15/2025 02582JKV1 AMXCA 2025-4 A 4.30% 7/15/2030 1,325.8312/15/2025 12/15/2025 34531QAD1 FORDO 2024-B A3 5.10% 4/15/2029 3,888.7512/15/2025 12/15/2025 14041NGE5 COMET 2024-A1 A 3.92% 9/15/2029 3,446.3312/15/2025 12/15/2025 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,379.8312/15/2025 12/15/2025 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 925.2412/15/2025 12/15/2025 90327HAC3 USAOT 2025-A A3 3.95% 12/17/2029 625.4212/15/2025 12/15/2025 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 288.3012/15/2025 12/15/2025 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,059.1612/15/2025 12/15/2025 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2029 4,159.1712/15/2025 12/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 2,640.1712/15/2025 12/15/2025 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 232.2312/15/2025 12/15/2025 44935CAD3 HART 2025-A A3 4.32% 10/15/2029 3,546.0012/15/2025 12/15/2025 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 860.4012/15/2025 12/15/2025 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 150.4612/15/2025 12/15/2025 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 681.40 58 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST12/15/2025 12/15/2025 89231HAD8 TAOT 2025-B A3 4.34% 11/15/2029 1,609.4212/15/2025 12/15/2025 50117LAC2 KCOT 2025-2A A3 4.42% 9/17/2029 1,031.3312/15/2025 12/15/2025 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,342.1612/15/2025 12/15/2025 65479UAD0 NAROT 2024-A A3 5.28% 12/15/2028 5,192.0012/15/2025 12/15/2025 02007NAC2 ALLYA 2024-2 A3 4.14% 7/16/2029 1,035.0012/15/2025 12/15/2025 448976AD2 HART 2024-C A3 4.41% 5/15/2029 1,911.0012/15/2025 12/15/2025 89231GAD0 TAOT 2025-D A3 3.84% 6/17/2030 1,664.0012/15/2025 12/15/2025 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 1,116.1312/15/2025 12/15/2025 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 231.6312/15/2025 12/15/2025 43814XAD5 HAROT 2025-4 A3 3.98% 6/17/2030 2,517.3512/15/2025 12/15/2025 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 2,235.5012/15/2025 12/15/2025 65481GAD7 NAROT 2025-A A3 4.49% 12/17/2029 3,704.2512/15/2025 12/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 370.6512/15/2025 12/15/2025 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 1,841.1312/15/2025 12/15/2025 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 916.1012/15/2025 12/15/2025 89240JAD3 TAOT 2025-A A3 4.64% 8/15/2029 2,648.6712/15/2025 12/15/2025 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 111.38 59 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST12/15/2025 12/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,332.7712/15/2025 12/15/2025 34535KAD0 FORDO 2025-A A3 4.45% 10/15/2029 4,505.6212/15/2025 12/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 864.5812/15/2025 12/15/2025 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 515.4212/16/2025 12/16/2025 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 638.4412/16/2025 12/16/2025 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 59.5612/16/2025 12/16/2025 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 16.8712/16/2025 12/16/2025 38013KAD2 GMCAR 2024-3 A3 5.13% 4/16/2029 2,586.3812/16/2025 12/16/2025 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 1,521.6712/16/2025 12/16/2025 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,237.5512/16/2025 12/16/2025 379931AD0 GMCAR 2024-2 A3 5.10% 3/16/2029 1,272.2812/18/2025 12/18/2025 05253JB75 AUST & NZ BANKING GRP NY 4.36% 6/18/2028 17,448.0012/20/2025 12/20/2025 92868RAD0 VALET 2024-1 A3 4.63% 7/20/2029 983.8712/20/2025 12/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 833.7512/20/2025 12/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 3,401.2912/20/2025 12/20/2025 87268MAA3 TMUST 2025-2A A 4.34% 4/22/2030 1,103.0812/20/2025 12/20/2025 92869QAD1 VALET 2025-2 A3 3.92% 3/20/2030 1,211.39 60 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
INTEREST12/20/2025 12/20/2025 92868MAD1 VALET 2025-1 A3 4.50% 8/20/2029 3,768.7512/20/2025 12/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 768.3312/21/2025 12/21/2025 17305EHA6 CCCIT 2025-A1 A 4.30% 6/21/2030 17,244.7912/21/2025 12/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 896.9012/25/2025 12/25/2025 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 525.5512/25/2025 12/25/2025 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 2,762.6712/25/2025 12/25/2025 16144QAC9 CHAOT 2024-5A A3 4.18% 8/27/2029 1,027.5812/25/2025 12/25/2025 437076DB5 HOME DEPOT INC (CALLABLE) 4.87% 6/25/2027 4,509.3812/25/2025 12/25/2025 16145NAC5 CHAOT 2025-1A A3 4.29% 6/25/2030 1,483.6312/25/2025 12/25/2025 096912AD2 BMWLT 2025-1 A3 4.43% 6/26/2028 1,162.8812/31/2025 12/31/2025 91282CNL1 US TREASURY N/B 3.75% 6/30/2027 93,750.0012/31/2025 12/31/2025 91282CCH2 US TREASURY N/B 1.25% 6/30/2028 25,000.00 Total INTEREST 0.00 1,625,393.13 0.00
PAYDOWNS10/1/2025 10/25/2025 1,073.92 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 1,073.92 18.1710/1/2025 10/25/2025 547.47 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 547.47 5.5310/1/2025 10/25/2025 65,231.39 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 65,231.39 417.14 61 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS10/1/2025 10/25/2025 141,302.13 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 141,302.13 1,142.2010/1/2025 10/25/2025 1,408.87 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 1,408.87 42.8310/1/2025 10/25/2025 1,196.33 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,196.33 25.2710/1/2025 10/25/2025 2,571.56 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 2,571.55 49.7210/1/2025 10/25/2025 16,738.64 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 16,738.65 112.4010/1/2025 10/25/2025 1,208.16 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 1,208.15 15.2810/1/2025 10/25/2025 208,003.51 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 208,003.52 165.5810/1/2025 10/25/2025 2,611.38 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 2,611.38 140.4110/15/2025 10/15/2025 20,270.98 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 20,270.98 0.8610/15/2025 10/15/2025 14,709.59 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 14,709.59 0.0710/15/2025 10/15/2025 11,019.14 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 11,019.14 0.5710/15/2025 10/15/2025 14,406.61 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 14,406.61 1.1910/15/2025 10/15/2025 31,444.37 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 31,444.37 0.2410/15/2025 10/15/2025 26,512.46 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 26,512.46 2.4210/15/2025 10/15/2025 31,045.78 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 31,045.78 1.9310/15/2025 10/15/2025 5,185.36 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 5,185.36 0.5910/15/2025 10/15/2025 20,896.10 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 20,896.10 0.41 62 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS10/15/2025 10/15/2025 38,571.84 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 38,571.84 3.4710/15/2025 10/15/2025 33,647.12 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 33,647.12 1.0510/15/2025 10/15/2025 45,825.68 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 45,825.68 0.2010/15/2025 10/15/2025 18,821.69 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 18,821.69 0.9410/15/2025 10/15/2025 33,762.77 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 33,762.77 1.6410/15/2025 10/15/2025 11,249.94 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 11,249.94 0.6010/15/2025 10/15/2025 17,974.63 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 17,974.63 0.4310/15/2025 10/15/2025 23,715.22 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 23,715.22 1.0810/15/2025 10/15/2025 30,715.23 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 30,715.23 0.8510/15/2025 10/15/2025 19,462.81 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 19,462.8110/15/2025 10/15/2025 21,996.68 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 21,996.68 1.6710/15/2025 10/15/2025 15,902.80 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 15,902.80 1.0510/15/2025 10/15/2025 11,887.19 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 11,887.19 0.7810/15/2025 10/15/2025 11,919.40 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 11,919.4010/15/2025 10/15/2025 45,919.26 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 45,919.26 3.5210/15/2025 10/15/2025 24,411.04 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 24,411.04 0.1710/15/2025 10/15/2025 20,136.52 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 20,136.52 1.43 63 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS10/15/2025 10/15/2025 43,883.13 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 43,883.13 1.5510/15/2025 10/15/2025 25,013.78 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 25,013.78 3.1910/16/2025 10/16/2025 20,643.43 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 20,643.43 0.0410/16/2025 10/16/2025 20,054.80 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 20,054.80 2.5110/16/2025 10/16/2025 12,428.50 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 12,428.50 0.7210/16/2025 10/16/2025 19,754.85 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 19,754.85 0.2610/21/2025 10/21/2025 14,657.61 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 14,657.61 1.5610/25/2025 10/25/2025 13,441.85 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 13,441.85 1.2111/1/2025 11/25/2025 1,039.95 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,039.95 9.7511/1/2025 11/25/2025 1,503.24 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 1,503.24 77.5911/1/2025 11/25/2025 2,452.99 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 2,452.99 43.5711/1/2025 11/25/2025 291,276.79 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 291,276.79 226.2811/1/2025 11/25/2025 1,014.02 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 1,014.02 15.4011/1/2025 11/25/2025 155,070.13 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 155,070.13 824.3311/1/2025 11/25/2025 73,133.80 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 73,133.80 344.6011/1/2025 11/25/2025 1,327.98 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 1,327.98 38.7711/1/2025 11/25/2025 1,140.76 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 1,140.76 12.96 64 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS11/1/2025 11/25/2025 108,052.99 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 108,052.99 691.4711/1/2025 11/25/2025 1,127.39 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,127.39 21.3911/15/2025 11/15/2025 21,676.38 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 21,676.38 1.5811/15/2025 11/15/2025 11,459.47 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 11,459.47 0.7311/15/2025 11/15/2025 32,480.78 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 32,480.78 0.9311/15/2025 11/15/2025 17,620.44 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 17,620.44 0.4011/15/2025 11/15/2025 10,807.16 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 10,807.16 0.5511/15/2025 11/15/2025 24,498.88 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 24,498.88 0.1711/15/2025 11/15/2025 381.99 89238FAD5 TAOT 2022-B A3 2.93% 9/15/2026 381.99 0.0111/15/2025 11/15/2025 24,765.53 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 24,765.53 3.0411/15/2025 11/15/2025 29,870.64 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 29,870.64 1.7611/15/2025 11/15/2025 18,083.77 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 18,083.77 0.8711/15/2025 11/15/2025 22,869.57 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 22,869.57 1.0011/15/2025 11/15/2025 11,977.50 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 11,977.50 1.3211/15/2025 11/15/2025 10,876.02 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 10,876.02 0.5411/15/2025 11/15/2025 14,855.56 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 14,855.56 1.1911/15/2025 11/15/2025 33,722.02 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 33,722.02 1.52 65 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS11/15/2025 11/15/2025 18,738.27 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 18,738.27 1.2611/15/2025 11/15/2025 15,540.92 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 15,540.92 0.9711/15/2025 11/15/2025 38,056.89 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 38,056.89 3.2611/15/2025 11/15/2025 29,825.02 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 29,825.02 0.7911/15/2025 11/15/2025 11,550.37 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 11,550.3711/15/2025 11/15/2025 30,896.97 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 30,896.97 0.2211/15/2025 11/15/2025 25,290.71 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 25,290.71 2.2411/15/2025 11/15/2025 42,285.11 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 42,285.11 1.4511/15/2025 11/15/2025 18,064.59 50117FAB7 KCOT 2025-1A A2 4.61% 12/15/2027 18,064.59 1.6811/15/2025 11/15/2025 660.00 44918MAD2 HART 2022-B A3 3.72% 11/16/2026 660.0011/15/2025 11/15/2025 18,286.49 14317HAC5 CARMX 2022-2 A3 3.49% 2/16/2027 18,286.49 0.7211/15/2025 11/15/2025 42,708.74 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 42,708.74 3.1311/15/2025 11/15/2025 41,869.92 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 41,869.92 0.1711/15/2025 11/15/2025 19,927.55 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 19,927.55 0.3711/16/2025 11/16/2025 10,640.32 379931AD0 GMCAR 2024-2 A3 5.10% 3/16/2029 10,640.32 1.4311/16/2025 11/16/2025 20,012.69 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 20,012.69 0.2511/16/2025 11/16/2025 21,276.66 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 21,276.66 0.04 66 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS11/16/2025 11/16/2025 20,249.43 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 20,249.43 2.4711/16/2025 11/16/2025 12,928.87 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 12,928.87 0.6911/21/2025 11/21/2025 14,341.69 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 14,341.69 1.4811/25/2025 11/25/2025 13,096.30 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 13,096.30 1.1312/1/2025 12/25/2025 84,847.33 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 84,847.32 332.3412/1/2025 12/25/2025 1,102.91 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,102.91 9.5312/1/2025 12/25/2025 828.43 3137F4D41 FHMS K074 A2 3.60% 1/1/2028 828.43 13.4512/1/2025 12/25/2025 1,081.23 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 1,081.22 14.5512/1/2025 12/25/2025 90,327.90 3137FLN34 FHMS K734 A2 3.20% 2/1/2026 90,327.90 425.9212/1/2025 12/25/2025 1,203.86 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 1,203.86 20.2412/1/2025 12/25/2025 106,117.98 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 106,117.99 321.4412/1/2025 12/25/2025 1,417.91 3137FBU79 FHMS K069 A2 3.18% 9/1/2027 1,417.91 39.6712/1/2025 12/25/2025 10,955.60 3137BSRE5 FHMS K059 A2 3.12% 9/1/2026 10,955.60 177.2812/1/2025 12/25/2025 1,577.06 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 1,577.06 77.9912/1/2025 12/25/2025 1,216.38 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 1,216.38 12.2512/1/2025 12/25/2025 174,807.50 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 174,807.50 39.7612/15/2025 12/15/2025 19,501.45 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 19,501.45 0.82 67 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS12/15/2025 12/15/2025 22,510.94 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 22,510.94 2.6612/15/2025 12/15/2025 35,989.58 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 35,989.58 2.5112/15/2025 12/15/2025 9,001.96 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 9,001.96 0.4312/15/2025 12/15/2025 27,578.51 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 27,578.51 1.5412/15/2025 12/15/2025 10,167.54 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 10,167.54 0.6312/15/2025 12/15/2025 37,247.61 02008MAC3 ALLYA 2022-2 A3 4.76% 5/17/2027 37,247.61 0.1412/15/2025 12/15/2025 15,439.81 14043GAD6 COPAR 2022-2 A3 3.66% 5/17/2027 15,439.81 0.3312/15/2025 12/15/2025 29,914.41 50117JAC7 KCOT 2022-2A A3 4.09% 12/15/2026 29,914.41 1.2512/15/2025 12/15/2025 5,448.59 90327VAC2 USAOT 2024-A A3 5.03% 3/15/2029 5,448.59 0.7312/15/2025 12/15/2025 26,382.86 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 26,382.86 0.6812/15/2025 12/15/2025 16,467.90 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 16,467.90 0.3012/15/2025 12/15/2025 10,053.41 09709AAC6 BAAT 2024-1A A3 5.35% 11/15/2028 10,053.41 1.0812/15/2025 12/15/2025 13,579.59 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 13,579.59 1.0712/15/2025 12/15/2025 34,298.84 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 34,298.84 2.8012/15/2025 12/15/2025 10,457.54 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 10,457.5412/15/2025 12/15/2025 15,885.46 65479UAD0 NAROT 2024-A A3 5.28% 12/15/2028 15,885.46 1.0112/15/2025 12/15/2025 16,471.56 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 16,471.56 1.05 68 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS12/15/2025 12/15/2025 13,578.84 14043QAC6 COPAR 2022-1 A3 3.17% 4/15/2027 13,578.84 0.8012/15/2025 12/15/2025 35,051.92 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 35,051.92 1.1612/15/2025 12/15/2025 19,136.31 437927AC0 HAROT 2023-2 A3 4.93% 11/15/2027 19,136.31 1.3312/15/2025 12/15/2025 28,088.59 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 28,088.59 0.1912/15/2025 12/15/2025 15,120.17 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 15,120.17 0.7012/15/2025 12/15/2025 21,556.12 50117FAB7 KCOT 2025-1A A2 4.61% 12/15/2027 21,556.12 1.9312/15/2025 12/15/2025 19,906.01 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 19,906.01 0.1312/15/2025 12/15/2025 1,759.49 02007NAC2 ALLYA 2024-2 A3 4.14% 7/16/2029 1,759.49 0.1312/15/2025 12/15/2025 22,684.97 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 22,684.97 1.9412/15/2025 12/15/2025 9,343.28 89231CAD9 TAOT 2022-C A3 3.76% 4/15/2027 9,343.28 0.4512/16/2025 12/16/2025 15,455.75 379931AD0 GMCAR 2024-2 A3 5.10% 3/16/2029 15,455.75 2.0312/16/2025 12/16/2025 6,528.73 362585AC5 GMCAR 2022-2 A3 3.10% 2/16/2027 6,528.74 0.3412/16/2025 12/16/2025 18,339.81 36265WAD5 GMCAR 2022-3 A3 3.64% 4/16/2027 18,339.81 0.0412/16/2025 12/16/2025 16,956.63 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 16,956.63 2.0112/16/2025 12/16/2025 16,531.52 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 16,531.52 0.2012/21/2025 12/21/2025 12,647.62 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 12,647.62 1.2712/25/2025 12/25/2025 11,309.51 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 11,309.52 0.95 69 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
PAYDOWNS12/25/2025 12/25/2025 9,207.54 096919AD7 BMWOT 2024-A A3 5.18% 2/26/2029 9,207.54 0.97 Total PAYDOWNS 3,727,599.24 3,727,599.25 6,038.22
SELL10/6/2025 10/7/2025 765,000.00 771196CE0 ROCHE HOLDINGS INC (CALLABLE) 5.26% 11/13/2026 791,912.70 10,801.8010/7/2025 10/8/2025 450,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 455,501.19 4,733.1510/7/2025 10/8/2025 450,000.00 94988J6D4 WELLS FARGO BANK NA (CALLABLE) 5.45% 8/7/2026 458,970.63 4,923.5910/14/2025 10/15/2025 150,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 152,133.07 1,750.4210/16/2025 10/17/2025 150,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 152,260.44 1,841.6110/16/2025 10/17/2025 400,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 406,027.85 4,471.7410/16/2025 10/17/2025 500,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 507,534.82 5,057.0010/20/2025 10/22/2025 250,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 253,770.80 2,386.5210/21/2025 10/22/2025 10,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 10,150.83 95.4610/21/2025 10/23/2025 1,440,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 1,461,825.00 13,684.0711/4/2025 11/5/2025 725,000.00 06428CAA2 BANK OF AMERICA NA (CALLABLE) 5.52% 8/18/2026 740,942.39 7,373.2511/4/2025 11/5/2025 350,000.00 21684LGS5 COOPERAT RABOBANK UA/NY 5.08% 7/17/2026 357,856.32 2,522.3211/6/2025 11/7/2025 125,000.00 63743HFH0 NATIONAL RURAL UTIL COOP (CALLABLE) 4.45% 3/13/2026 125,928.13 103.7911/6/2025 11/7/2025 500,000.00 14913UAV2 CATERPILLAR FINL SERVICE (CALLABLE) 4.50% 1/7/2027 511,075.00 3,708.63 70 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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)
SELL11/6/2025 11/7/2025 470,000.00 14913UAE0 CATERPILLAR FINL SERVICE 4.50% 1/8/2027 480,459.85 3,674.3511/6/2025 11/7/2025 300,000.00 91282CKE0 US TREASURY N/B 4.25% 3/15/2027 304,339.37 3,487.7211/6/2025 11/7/2025 300,000.00 91282CKA8 US TREASURY N/B 4.12% 2/15/2027 304,652.86 2,433.4911/10/2025 11/12/2025 200,000.00 63743HFK3 NATIONAL RURAL UTIL COOP (CALLABLE) 5.60% 11/13/2026 208,572.89 3,028.4311/10/2025 11/12/2025 750,000.00 94988J6F9 WELLS FARGO BANK NA (CALLABLE) 5.25% 12/11/2026 776,180.71 9,652.5011/13/2025 11/14/2025 110,000.00 89236TMJ1 TOYOTA MOTOR CREDIT CORP 4.55% 8/7/2026 111,780.87 457.8911/13/2025 11/14/2025 725,000.00 05253JAZ4 AUST & NZ BANKING GRP NY 4.75% 1/18/2027 743,332.03 7,235.5011/19/2025 11/20/2025 330,000.00 02665WEK3 AMERICAN HONDA FINANCE 5.25% 7/7/2026 338,869.03 2,553.7111/19/2025 11/20/2025 375,000.00 91282CKE0 US TREASURY N/B 4.25% 3/15/2027 380,850.07 4,180.3311/19/2025 11/20/2025 275,000.00 05253JAZ4 AUST & NZ BANKING GRP NY 4.75% 1/18/2027 282,088.74 2,662.0011/20/2025 11/20/2025 230,000.00 110122EE4 BRISTOL-MYERS SQUIBB CO (CALLABLE) 4.90% 2/22/2027 235,760.99 3,114.1712/2/2025 12/3/2025 645,000.00 882508CE2 TEXAS INSTRUMENTS INC (CALLABLE) 4.60% 2/8/2027 659,857.22 5,547.6712/2/2025 12/3/2025 500,000.00 48125LRU8 JP MORGAN CHASE BANK NA (CALLABLE) 5.11% 12/8/2026 517,765.14 5,345.0012/5/2025 12/10/2025 750,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 743,319.71 27.0512/9/2025 12/10/2025 500,000.00 91282CKE0 US TREASURY N/B 4.25% 3/15/2027 508,817.87 5,350.1612/9/2025 12/10/2025 190,000.00 02665WEC1 AMERICAN HONDA FINANCE 4.75% 1/12/2026 193,767.28 60.2712/10/2025 12/11/2025 430,000.00 17325FBC1 CITIBANK NA (CALLABLE) 5.48% 12/4/2026 436,147.76 5,688.90 71 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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. 73 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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 showngross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

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. 74 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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. 75 PFM Asset Management | pfmam.com

CITY OF MANTECA
For the Quarter Ended December 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. 76

Manteca City CouncilFebruary 3, 2026

Manteca City Council
February 3, 2026