Agenda packet — Murrieta City Council, August 20, 2024 (part 2 of 9)

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 2,354,242.98
Federal Withholding YTD .00
7-Day Simple Yield 5.24600 %
Federal Withholding .00
Beginning Balance 114,970,789.48
Shares Purchased 24,364,670.64 +
Shares Redeemed 10,575,002.47 -
Ending Balance 128,760,457.65
Prior Month Dividends Paid to Checking 480,332.83
Dividends Earned in Current Month 506,451.70
Funds Pending Redemption 528,900.73-
156

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 05-06 113,225,785.82 5.222 % .000143082 16,200.57
05-07 112,822,058.87 5.225 % .000143176 16,153.41
05-08 111,982,898.33 5.225 % .000143170 16,032.59
05-09 112,000,040.00 5.225 % .000143163 16,034.26
05-10 112,280,915.90 5.226 % .000143183 16,076.72
05-11* 112,280,915.90 5.226 % .000143183 16,076.72
05-12* 112,280,915.90 5.226 % .000143183 16,076.72
05-13 113,204,617.66 5.226 % .000143191 16,209.88
05-14 112,844,856.52 5.227 % .000143220 16,161.64
05-15 112,719,874.79 5.230 % .000143309 16,153.77
05-16 110,456,312.85 5.228 % .000143251 15,822.98
05-17 110,670,090.15 5.229 % .000143280 15,856.81
05-18* 110,092,434.15 5.229 % .000143280 15,774.04
05-19* 110,092,434.15 5.229 % .000143280 15,774.04
05-20 110,092,434.15 5.230 % .000143313 15,777.68
05-21 110,424,388.93 5.232 % .000143351 15,829.45
05-22 110,404,999.16 5.242 % .000143638 15,858.35
05-23 109,773,457.00 5.234 % .000143406 15,742.17
05-24 109,482,744.91 5.237 % .000143495 15,710.23
05-25* 109,482,744.91 5.237 % .000143495 15,710.23
05-26* 109,482,744.91 5.237 % .000143495 15,710.23
05-27* 109,482,744.91 5.237 % .000143495 15,710.23
05-28 131,868,896.05 5.235 % .000143451 18,916.73
05-29 130,060,809.68 5.262 % .000144171 18,751.00
05-30 129,166,908.23 5.252 % .000143896 18,586.60
05-31 128,760,457.65 5.245 % .000143721 18,505.58
TOTAL MTD 506,451.72
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

An Investment in a MMMF is not insured by the Federal Deposit Insurance Corporation or any other government agency. Although the MMMF's seek to preserve the value of customer's investment at $1.00 per share, it is possible to lose money by investing in a MMMF.

Allspring Funds Management, LLC, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC ("Allspring Global"), provides investment advisory and administrative services for the Allspring Funds?. Other subsidiaries of Allspring Global provide sub-advisory and other services for the funds. The funds are distributed by Allspring Funds Distributor, LLC, Member FINRA/SIPC, a subsidiary of Allspring Global.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
05/01/2024 - 05/31/2024

Page 2 of 2 ends

Account Number - DDA
157

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/20/2024
Agenda Item No. 5.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Paige Hartman-Salazar, Management Analyst - Special Projects SUBJECT:

Monthly Investment Transaction Report for June 2024

RECOMMENDATION
Receive and file the Monthly Investment Transaction Report for June 2024.

PRIOR ACTION/VOTE
None.

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
This report is filed with the City Council in compliance with Government Code Section 53607, which states that a monthly report of transactions related to the purchase, sale, or exchange of securities is made monthly to the legislative body. The City of Murrieta (City) has both long-term and short-term investments. The City’s managed investment portfolio is for longer-term investments, managed by Chandler Asset Management. The Local Agency Investment Fund (LAIF), managed by the California State Treasurer, is used for short-term investments and functions more like a savings account to facilitate cash flow.

This report includes funds under management from Chandler Asset Management, funds deposited with LAIF, and earnings from the Wells Fargo Cash Sweep Program. Bond funds held by the City’s Trustee are not included in this report but are on file and available upon request.

The transactions in the long-term investment portfolio for June 2024 include dispositions of $13,478,327.30 in cash, payables, receivables, maturities, and sales, which also includes a withdrawal for bank fees of $385.

Subsequently, these proceeds, together with the dispositions and monthly interest earnings, were reinvested in security and money market fund purchases totaling $13,861,455.84.

The California State Treasurer allocates and reinvests LAIF interest earnings every quarter. The statement CITY OF MURRIETA Page 1 of 2 Printed on 8/15/2024
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8/20/2024
Agenda Item No. 5.

The California State Treasurer allocates and reinvests LAIF interest earnings every quarter. The statement reflecting the quarterly interest earnings is available one month after the end of the quarter. The account received the last interest-earning deposit in April 2024 for the previous quarter. There are no LAIF transactions to report for the month of June.

As of June 30, 2024, the City’s Total Ending Book Value (or what the City actually paid for the investments) for both investment accounts (long and short-term accounts) is $147,676,561.54. Both accounts combined had an overall increase of $317,448.86 or 0.22%, which includes any deposits, dispositions, applicable interest earning, and less any realized gain/loss or monthly fees charged to the account.

The City is also earning monthly dividends in the General Checking account. The Wells Fargo “Cash Sweep Program” allows the City to earn a return on uninvested cash balances in our General Checking Account by automatically "sweeping" cash balances into a Sweep investment vehicle until such balances are otherwise needed to satisfy obligations arising in the account.

The total earnings from the Cash Sweep Program for the month of June were $540,285.82.

Included are the investment portfolio accounts for Chandler for the month of June (Attachment 1), along with the regular monthly statement for LAIF (Attachment 2), which lists all transactions associated with the respective accounts. In addition, Attachment 3 provides a summary of daily transactions for the Wells Fargo Cash Sweep Program.

This report also includes a statement of compliance with state law and the City’s investment policy for the various investment categories.

FISCAL IMPACT
The recommended action has no fiscal impact. Interest earnings projections are included in the Fiscal Year 2023/24 Operating Budget.

ATTACHMENTS

1. Chandler Asset Management Monthly Account Statement for June 2024

2. Local Agency Investment Fund (LAIF) June 2024

3. Wells Fargo Cash Sweep Program June 2024 Statement
CITY OF MURRIETA Page 2 of 2 Printed on 8/15/2024
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MONTHLY ACCOUNT STATEMENT
Murrieta Consolidated | Account # | As of June 30, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com
We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Average Modified Duration 1.70
Average Coupon 2.99%
Average Purchase YTM 3.75%
Average Market YTM 4.99%
Average Quality AA+
Average Final Maturity 1.92
Average Life 1.83
Beg. Values as of
06/01/2024
End Values as of
06/30/2024
Market Value 144,157,181.82 144,963,242.63
Accrued Interest 1,009,134.63 987,598.29
Total Market Value 145,166,316.45 145,950,840.92
Income Earned 354,931.13 293,199.48
Cont/WD 0.00 0.00
Par 147,704,597.31 148,209,331.41
Book Value 145,448,438.79 145,765,887.65
Cost Value 145,448,438.79 145,765,887.65
United States 38.98%
Federal Home Loan Banks 11.83%
Farm Credit System 8.76%
FHLMC 6.38%
Toyota Motor Corporation 2.02%
Mitsubishi UFJ Financial Group, Inc. 1.80%
Royal Bank of Canada 1.53%
Coöperatieve Rabobank U.A. 1.38%
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P, Moody’s’ and Fitch 161
| 3
Murrieta Consolidated | Account | As of June 30, 2024
Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 6.4 Compliant
Max % Issuer (MV) 30.0 6.4 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 6.2 Compliant
Max % Issuer (MV) 5.0 1.1 Compliant
Max Maturity (Years)54 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 3.1 Compliant
Max % Issuer (MV) 5.0 1.8 Compliant
Max Maturity (Days) 270 247 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 21.7 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years)53 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years)5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 20.7 Compliant
Max % Issuer (MV) 30.0 11.9 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years)54 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.3 Compliant
Max % Issuer (MV) 10.0 0.3 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years)5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 1.4 Compliant
Max % Issuer (MV) 5.0 1.4 Compliant
Max Maturity (Years)5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.4 Compliant
Max % Issuer (MV) 10.0 1.1 Compliant
Max Maturity (Years)54 Compliant
163
| 5
Murrieta Consolidated | Account June 30, 2024
Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 38.9 Compliant
Max Maturity (Years) 5 4 Compliant
164
| 6
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Book Value 145,448,438.79 143,961,028.08
Maturities/Calls (6,400,000.00) (32,370,000.00)
Principal Paydowns (222,353.39) (1,859,745.42)
Purchases 13,861,455.84 64,574,102.30
Sales (6,924,751.63) (28,533,250.96)
Change in Cash, Payables, Receivables 68,777.72 952.12
Amortization/Accretion 0.00 0.00
Realized Gain (Loss) (65,679.68) (7,198.46)
Ending Book Value 145,765,887.65 145,765,887.65
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Market Value 144,157,181.82 142,893,927.50
Maturities/Calls (6,400,000.00) (32,370,000.00)
Principal Paydowns (222,353.39) (1,859,745.42)
Purchases 13,861,455.84 64,574,102.30
Sales (6,924,751.63) (28,533,250.96)
Change in Cash, Payables, Receivables 68,777.72 952.12
Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 488,611.95 264,455.56 Realized Gain (Loss) (65,679.68) (7,198.46)
Ending Market Value 144,963,242.63 144,963,242.63
Maturities / Calls
Month to Date (6,400,000.00)
Fiscal Year to Date (32,370,000.00)
Principal Paydowns
Month to Date (222,353.39)
Fiscal Year to Date (1,859,745.42)
Purchases
Month to Date 13,861,455.84
Fiscal Year to Date 64,574,102.30
Sales
Month to Date (6,924,751.63)
Fiscal Year to Date (28,533,250.96)
Interest Received
Month to Date 338,635.96
Fiscal Year to Date 1,904,400.77
Purchased / Sold Interest
Month to Date (23,900.14)
Fiscal Year to Date (91,126.85)
165
| 7
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
44933LAC7 HART 2021-A A3 0.38
09/15/2025 13,833.86 04/20/20210.38%
13,832.41
13,832.41

99.76 4.84%
13,800.77

2.34 0.01%
(31.63)
NA/AAA
AAA

1.21 0.06
47788UAC6 JDOT 2021 A3 0.36 09/15/2025 31,825.53 03/02/2021

0.36%
31,819.41
31,819.41

99.37 4.93%
31,625.33

5.09 0.02%
(194.08)
Aaa/NA
AAA

1.21 0.14
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 136,524.16 02/07/20235.16%
136,520.91
136,520.91

99.81 5.69%
136,269.50
117.41

0.09%
(251.41)
Aaa/AAA
NA

1.41 0.42
44934KAC8 HART 2021-B A3 0.38
01/15/2026 159,505.61 07/20/20210.38%
159,470.41
159,470.41

99.09 3.83%
158,052.45

26.94 0.11%
(1,417.96)
NA/AAA
AAA

1.54 0.27
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 131,859.87 11/16/20210.89%
131,832.08
131,832.08

97.97 4.64%
129,176.94

32.23 0.09%
(2,655.15)
Aaa/NA
AAA

1.56 0.55
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 122,032.74 07/13/20210.52%
122,021.86
122,021.86

98.07 4.81%
119,682.72

28.20 0.08%
(2,339.14)
Aaa/NA
AAA

1.71 0.45
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026 325,505.06 08/15/20223.73%
325,485.67
325,485.67

98.78 5.26%
321,539.79
438.44

0.22%
(3,945.87)
NA/AAA
AAA

2.05 0.83
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 217,776.10 05/10/20223.21%
217,764.78
217,764.78

98.66 4.97%
214,864.22
116.51

0.15%
(2,900.56)
Aaa/AAA
NA

2.15 0.78
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 227,660.97 03/10/2022

2.33%
227,610.61
227,610.61

98.03 5.46%
223,182.58
234.74

0.15%
(4,428.03)
Aaa/NA
AAA

2.21 0.64
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 111,816.76 10/13/20210.68%
111,813.91
111,813.91

97.67 4.17%
109,214.18

31.68 0.08%
(2,599.73)
Aaa/AAA
NA

2.21 0.69
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 115,200.25 01/11/20221.26%
115,190.24
115,190.24

97.78 4.27%
112,648.19

60.48 0.08%
(2,542.05)
NA/AAA
AAA

2.38 0.76
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026 280,000.00 08/08/20235.38%
279,966.43
279,966.43

99.93 5.51%
279,797.56
460.29

0.19%
(168.87)
NA/AAA
AAA

2.39 1.22
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 455,000.00 02/08/20245.09%
454,943.13
454,943.13

99.52 5.46%
452,814.64
707.65

0.31%
(2,128.50)
NA/AAA
AAA

2.73 1.65
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 1,000,000.00 06/20/20245.19%
994,687.50
994,687.50

99.46 5.39%
994,619.80
830.00

0.69%
(67.70)
Aaa/AAA
NA

2.73 1.60
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027 305,892.37 07/06/20223.64%
305,890.25
305,890.25

98.64 4.95%
301,726.54
463.94

0.21%
(4,163.71)
Aaa/NA
AAA

2.79 1.03
02582JJT8 AMXCA 2022-2 A 05/17/2027 905,000.00 05/17/2022

3.40%
904,799.81
904,799.81

98.21 5.54%
888,800.50
1,363.53

0.61%
(15,999.31)
NA/AAA
AAA

0.87 0.92
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 350,000.00 05/17/20245.32%
349,959.05
349,959.05
100.29

5.25%
351,002.19
827.56

0.24%
1,043.14
Aaa/NA
AAA

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 1,250,000.00 02/13/20245.21%
1,249,945.63
1,249,945.63
100.05

5.26%
1,250,621.50
2,894.44

0.86%
675.87
Aaa/AAA
NA

4.13 2.44
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 09/07/2023

5.17%
1,319,634.10
1,319,634.10
100.26

5.11%
1,323,369.70
3,027.20

0.91%
3,735.60
NR/AAA
AAA

4.21 2.03
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 335,000.00 03/11/2024

4.96%
334,981.24
334,981.24

99.61 5.22%
333,681.67
738.49

0.23%
(1,299.57)
Aaa/NA
AAA

4.38 2.07
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 600,000.00 06/04/20245.18%
599,908.86
599,908.86
100.10

5.21%
600,592.74
1,726.67

0.41%
683.88
Aaa/AAA
NA

4.66 2.10
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
100.94

4.99%
645,990.66
1,487.64

0.45%
6,121.86
NA/AAA
AAA

4.79 2.53
Total ABS 9,034,433.29 4.45%
9,027,947.09
9,027,947.09

99.55 5.20%
8,993,074.17
15,621.48

6.20%
(34,872.91)
Aaa/AAA
AAA

3.18 1.65
AGENCY
3130AQF40 FEDERAL HOME LOAN BANKS 1.0
12/20/2024 1,400,000.00 12/21/20211.03%
1,398,768.00
1,398,768.00

97.97 5.40%
1,371,602.96
427.78

0.95%
(27,165.04)
Aaa/AA+
AA+

0.47 0.46
3133ENKS8

FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.125
01/06/2025
755,000.00 01/06/2022

1.20%
753,301.25
753,301.25

97.88 5.35%
738,957.00
4,128.91

0.51%
(14,344.25)
Aaa/AA+
AA+

0.52 0.50
3133ENPG9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.75 02/14/2025 1,200,000.00 02/25/20221.82% 1,197,456.00
1,197,456.00

97.81 5.37%
1,173,759.80
7,991.67

0.81%
(23,696.20)
Aaa/AA+
AA+

0.63 0.60
3133EPW68

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.125
01/22/2026
1,400,000.00 01/24/2024

4.40%
1,392,860.00
1,392,860.00

98.83 4.91%
1,383,591.29
25,506.25

0.95%
(9,268.71)
Aaa/AA+
AA+

1.56 1.46
3130B0ZP7 FEDERAL HOME LOAN BANKS

4.875 03/13/2026 1,000,000.00 06/21/20244.85%
1,000,450.00
1,000,450.00

99.99 4.88%
999,883.67
9,750.00

0.69%
(566.33)
Aaa/AA+
AA+

1.70 1.60
3133ERDZ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/08/2026 1,000,000.00 05/20/20244.87% 997,690.00
997,690.00

99.96 4.77%
999,551.62
6,993.06

0.69%
1,861.62
Aaa/AA+
AA+

1.85 1.75
3130AWLZ1 FEDERAL HOME LOAN BANKS

4.75 06/12/2026 2,000,000.00 08/16/20234.78%
1,998,620.00
1,998,620.00

99.83 4.84%
1,996,655.62
5,013.89

1.38%
(1,964.38)
Aaa/AA+
AA+

1.95 1.84
3133EPZY4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 5.0 07/30/2026 2,000,000.00 11/09/20234.85% 2,007,480.00
2,007,480.00
100.41

4.79%
2,008,270.32
41,944.44

1.39%
790.32
Aaa/AA+
AA+

2.08 1.92
3133EPSW6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 08/14/2026 2,405,000.00 08/09/20234.58% 2,399,468.50
2,399,468.50

99.49 4.76%
2,392,635.65
41,185.63

1.65%
(6,832.85)
Aaa/AA+
AA+

2.12 1.97
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 4,500,000.00 --4.81%
4,476,030.00
4,476,030.00

99.78 4.73%
4,490,179.20
63,593.75

3.10%
14,149.20
Aaa/AA+
AA+

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130AXU63 FEDERAL HOME LOAN BANKS

4.625 11/17/2026 1,750,000.00 11/30/20234.53%
1,754,427.50
1,754,427.50

99.90 4.67%
1,748,241.02
9,892.36

1.21%
(6,186.48)
Aaa/AA+
AA+

2.38 2.22
3130AYPN0 FEDERAL HOME LOAN BANKS

4.125 01/15/2027 2,000,000.00 01/30/20244.21%
1,995,560.00
1,995,560.00

98.83 4.62%
1,976,576.40
34,833.33

1.36%
(18,983.60)
Aaa/AA+
AA+

2.54 2.34
3133EP6K6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/26/2027 1,000,000.00 04/08/20244.66% 995,520.00
995,520.00

99.77 4.59%
997,723.94
11,875.00

0.69%
2,203.94
Aaa/AA+
AA+

2.74 2.52
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027 1,500,000.00 04/10/20244.84%
1,496,115.00
1,496,115.00
100.28

4.64%
1,504,256.19
15,833.33

1.04%
8,141.19
Aaa/AA+
AA+

2.77 2.55
3133ERFJ5 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 05/20/2027 1,000,000.00 05/20/2024

4.69%
994,830.00
994,830.00

99.71 4.61%
997,089.73
5,125.00

0.69%
2,259.73
Aaa/AA+
AA+

2.89 2.67
3130AVVX7 FEDERAL HOME LOAN BANKS

3.75 06/09/2028 1,120,000.00 06/07/20234.00%
1,107,243.20
1,107,243.20

97.77 4.37%
1,095,056.77
2,566.67

0.76%
(12,186.43)
Aaa/AA+
AA+

3.94 3.61
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 2,000,000.00 07/06/20234.49%
1,956,940.00
1,956,940.00

98.67 4.37%
1,973,390.56
4,888.89

1.36%
16,450.56
Aaa/AA+
AA+

3.94 3.60
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 2,000,000.00 10/12/20234.71% 1,981,460.00
1,981,460.00
100.16

4.46%
2,003,180.90
24,750.00

1.38%
21,720.90
Aaa/AA+
AA+

4.23 3.77
Total Agency 30,030,000.00 4.28%
29,904,219.45
29,904,219.45

99.41 4.75%
29,850,602.65
316,299.95

20.59%
(53,616.81)
Aaa/AA+
AA+

2.35 2.16

AGENCY CMBS
3137BM7C4 FHMS K-051 A2 3.308
09/25/2025 1,223,000.00 06/23/2022

3.30%
1,220,420.23
1,220,420.23

97.68 5.34%
1,194,628.97
3,371.40

0.82%
(25,791.26)
Aaa/AA+
AAA

1.24 1.05
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 2,000,000.00 02/09/20234.27%
1,890,546.88
1,890,546.88

95.24 4.99%
1,904,873.20
4,421.67

1.31%
14,326.32
Aaa/AA+
AAA

2.15 2.00
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026 888,148.67 09/22/2022

4.23%
856,265.52
856,265.52

96.14 5.10%
853,821.99
2,477.19

0.59%
(2,443.53)
Aaa/AA+
AAA

2.41 2.13
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 862,000.00 --

4.03%
839,600.51
839,600.51

96.36 4.98%
830,609.67
2,463.88

0.57%
(8,990.84)
Aaa/AA+
AAA

2.57 2.27
3137F1G44 FHMS K-065 A2 3.243
04/25/2027 1,000,000.00 09/19/20224.02%
965,468.75
965,468.75

95.59 4.94%
955,939.70
2,702.50

0.66%
(9,529.05)
Aaa/AA+
AAA

2.82 2.55
3137FBU79 FHMS K-069 A2 3.187
09/25/2027 1,250,000.00 05/18/20234.13%
1,200,732.43
1,200,732.43

95.02 4.89%
1,187,701.50
3,319.79

0.82%
(13,030.93)
Aaa/AAA
AA+

3.24 2.89
3137F4X72 FHMS K-075 A2 3.65 02/25/2028 1,165,000.00 09/14/2023

4.83%
1,107,478.13
1,107,478.13

95.92 4.86%
1,117,482.45
3,543.54

0.77%
10,004.32
Aaa/AA+
AAA

3.66 3.31
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 1,250,000.00 05/28/2024

4.94%
1,197,265.63
1,197,265.63

96.48 4.82%
1,206,023.38
4,062.50

0.83%
8,757.75
Aaa/AA+
AAA

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Agency
CMBS 9,638,148.67 4.23%
9,277,778.08
9,277,778.08

95.99 4.99%
9,251,080.84
26,362.48

6.38%
(26,697.24)
Aaa/AA+
AAA

2.75 2.47
CASH
CCYUSD Receivable 1,037.64 --

0.00%
1,037.64
1,037.64

1.00 0.00%
1,037.64

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 74,450.40 --

0.00%
74,450.40
74,450.40

1.00 0.00%
74,450.40

0.00 0.05%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 75,488.04 0.00%
75,488.04
75,488.04

1.00 0.00%
75,488.04

0.00 0.05%

0.00 Aaa/AAA
AAA

0.00 0.00

COMMERCIAL
PAPER
89233GNX0 Toyota Motor Credit Corporation
01/31/2025 2,000,000.00 05/21/20245.42%
1,925,625.00
1,925,625.00

96.88 5.42%
1,937,684.00

0.00 1.34%
12,059.00
P-1/A-1+
F1

0.59 0.57
62479LQ40 MUFG Bank, Ltd. - New York
Branch 03/04/2025 2,700,000.00 06/07/20245.36%
2,594,902.50
2,594,902.50

96.40 5.38%
2,602,694.70

0.00 1.80%
7,792.20
P-1/NR
NA

0.68 0.66
Total Commercial
Paper 4,700,000.00 5.39%
4,520,527.50
4,520,527.50

96.60 5.40%
4,540,378.70

0.00 3.13%
19,851.20
P-1/AAA
A+

0.64 0.62

CORPORATE
79466LAG9 SALESFORCE INC 0.625
07/15/2024 200,000.00 06/29/20210.64%
199,898.00
199,898.00

99.81 5.23%
199,615.75
576.39

0.14%
(282.25)
A1/A+
NA

0.04 0.04
91159HHX1 US BANCORP 2.4 07/30/2024 1,000,000.00 11/09/2021

0.80%
1,041,550.00
1,041,550.00

99.72 5.69%
997,223.53
10,066.67

0.69%
(44,326.47)
A3/A
A

0.08 0.08
69371RR40 PACCAR FINANCIAL CORP 0.5
08/09/2024 245,000.00 08/03/2021

0.52%
244,867.70
244,867.70

99.49 5.27%
243,738.78
483.19

0.17%
(1,128.92)
A1/A+
NA

0.11 0.11
78016EYM3 ROYAL BANK OF CANADA 1.6
01/21/2025 1,000,000.00 01/12/20221.60%
1,000,000.00
1,000,000.00

97.79 5.67%
977,904.13
7,111.11

0.67%
(22,095.87)
A1/A
AA0.560.54
06406RBC0 BANK OF NEW YORK MELLON
CORP 3.35 04/25/2025 900,000.00 04/19/2022

3.35%
899,874.00
899,874.00

98.31 5.48%
884,820.33
5,527.50

0.61%
(15,053.67)
A1/A
AA0.820.79
14913R2V8 CATERPILLAR FINANCIAL
SERVICES CORP 3.4 05/13/2025 480,000.00 05/10/20223.44% 479,390.40
479,390.40

98.36 5.35%
472,118.30
2,176.00

0.33%
(7,272.10)
A2/A
A+

0.87 0.84
438516CB0 HONEYWELL INTERNATIONAL
INC 1.35 06/01/2025 1,000,000.00 03/09/20222.31%
970,280.00
970,280.00

96.43 5.38%
964,325.37
1,125.00

0.67%
(5,954.63)
A2/A
A

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
89115A2A9 TORONTO-DOMINION BANK

3.766 06/06/2025 1,000,000.00 06/02/20223.70%
1,001,830.00
1,001,830.00

98.38 5.57%
983,814.69
2,615.28

0.68%
(18,015.31)
A1/A
NA

0.93 0.90
63743HFE7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

3.45 06/15/2025
1,105,000.00 --

3.61%
1,099,973.65
1,099,973.65

98.06 5.56%
1,083,512.37
1,694.33

0.75%
(16,461.28)
A2/AA0.96

0.92 14913R2Z9 CATERPILLAR FINANCIAL
SERVICES CORP 3.65 08/12/2025 1,375,000.00 08/08/2022

3.69%
1,373,336.25
1,373,336.25

98.21 5.32%
1,350,373.76
19,377.95

0.93%
(22,962.49)
A2/A
A+

1.12 1.06
26442UAA2 DUKE ENERGY PROGRESS LLC

3.25 08/15/2025 1,000,000.00 06/23/20223.57%
990,710.00
990,710.00

97.80 5.28%
978,025.53
12,277.78

0.67%
(12,684.47)
Aa3/A
WR

1.13 1.07
437076CR1 HOME DEPOT INC 4.0
09/15/2025 1,000,000.00 09/14/2022

4.13%
996,380.00
996,380.00

98.54 5.25%
985,434.23
11,777.78

0.68%
(10,945.77)
A2/A
A

1.21 1.15
023135CN4 AMAZON.COM INC 4.6
12/01/2025 425,000.00 11/29/20224.60%
424,974.50
424,974.50

99.37 5.06%
422,316.34
1,629.17

0.29%
(2,658.16)
A1/AA
AA1.421.35
857477BR3 STATE STREET CORP 1.746
02/06/2026 335,000.00 02/02/20221.75%
335,000.00
335,000.00

97.57 5.84%
326,870.75
2,355.89

0.23%
(8,129.25)
A1/A
AA1.610.58
037833BY5 APPLE INC 3.25 02/23/2026 1,000,000.00 02/22/2023

4.72%
959,390.00
959,390.00

97.20 5.04%
971,963.72
11,555.56

0.67%
12,573.72
Aaa/AA+
NA

1.65 1.56
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026 750,000.00 04/04/20234.52%
749,482.50
749,482.50

98.90 5.15%
741,722.26
7,593.75

0.51%
(7,760.24)
Aa3/AA+
AA+

1.78 1.67
00440EAV9 CHUBB INA HOLDINGS LLC 3.35
05/03/2026 1,000,000.00 09/13/20235.23%
954,220.00
954,220.00

96.76 5.21%
967,643.77
5,397.22

0.67%
13,423.77
A3/A
A

1.84 1.75
58989V2F0 MET TOWER GLOBAL FUNDING

5.4 06/20/2026 1,000,000.00 06/12/20235.38%
1,000,440.00
1,000,440.00
100.23

5.27%
1,002,327.36
1,650.00

0.69%
1,887.36
Aa3/AAAA1.97

1.85 61747YET8 MORGAN STANLEY 4.679
07/17/2026 1,000,000.00 09/14/20224.68%
994,030.00
994,030.00

99.02 6.32%
990,199.56
21,315.44

0.68%
(3,830.44)
A1/AA+2.05

0.99 69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --4.99%
1,451,925.00
1,451,925.00

99.90 5.10%
1,448,513.81
28,679.79

1.00%
(3,411.19)
A1/A+
NA

2.11 1.94
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 1,000,000.00 09/13/20235.57%
998,810.00
998,810.00
100.71

5.17%
1,007,100.28
20,415.50

0.69%
8,290.28
Aa1/A+
AA

2.13 1.88
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
100.44

4.92%
512,240.90
3,702.81

0.35%
2,378.60
A1/A+
NA

2.36 2.11
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 1,575,000.00 --5.08%
1,576,460.00
1,576,460.00

99.98 5.12%
1,574,747.80
5,141.94

1.09%
(1,712.20)
Aa2/A+
AA

2.44 2.26
24422EXF1 JOHN DEERE CAPITAL CORP 4.5
01/08/2027 1,000,000.00 01/10/20244.52%
999,460.00
999,460.00

99.00 4.92%
990,046.73
21,625.00

0.68%
(9,413.27)
A1/A
A+

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 1,245,000.00 01/10/20244.88%
1,244,688.75
1,244,688.75

99.34 5.15%
1,236,746.94
27,312.19

0.85%
(7,941.81)
A1/A
AA2.562.32
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 1,500,000.00 02/29/20244.78%
1,500,810.00
1,500,810.00

99.73 4.91%
1,495,943.70
25,000.00

1.03%
(4,866.30)
A1/AANA2.66

2.43 857477CL5 STATE STREET CORP 4.993
03/18/2027 1,210,000.00 03/13/20244.99%
1,210,000.00
1,210,000.00

99.88 5.04%
1,208,536.70
17,285.49

0.83%
(1,463.30)
A1/A
AA2.712.48
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00 09/14/20224.23%
990,460.00
990,460.00

97.61 4.90%
976,140.17
5,666.67

0.67%
(14,319.83)
A2/A+
A+

2.86 2.65
009158AY2 AIR PRODUCTS AND CHEMICALS
INC 1.85 05/15/2027 1,500,000.00 02/09/2024

4.71%
1,371,945.00
1,371,945.00

91.89 4.91%
1,378,419.51
3,545.83

0.95%
6,474.51
A2/A
NA

2.87 2.74
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --4.95%
738,545.60
738,545.60

99.80 4.95%
738,492.16
601.25

0.51%
(53.44)
A2/A
A

2.99 2.75
89236TKJ3 TOYOTA MOTOR CREDIT CORP

4.55 09/20/2027 1,000,000.00 06/20/20244.89%
989,900.00
989,900.00

98.77 4.96%
987,738.95
12,765.28

0.68%
(2,161.05)
A1/A+
A+

3.22 2.92
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 750,000.00 06/22/20234.79%
715,005.00
715,005.00

95.75 4.93%
718,140.65
4,625.00

0.50%
3,135.65
A1/A
WR

3.84 3.50
341081GN1 FLORIDA POWER & LIGHT CO 4.4
05/15/2028 1,500,000.00 05/22/20234.64%
1,484,025.00
1,484,025.00

98.22 4.91%
1,473,249.69
8,433.33

1.02%
(10,775.31)
Aa2/A+
AA3.883.50
Total Corporate 31,795,000.00 4.21%
31,497,523.65
31,497,523.65

98.45 5.22%
31,290,008.51
311,106.08

21.58%
(207,515.14)
A1/A
A+

1.98 1.80

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 141,337.96 --

5.19%
141,337.96
141,337.96

1.00 5.19%
141,337.96

0.00 0.10%

0.00 Aaa/
AAAm
AAA

0.00 0.00
31846V567 FIRST AMER:GVT OBLG Z 259,923.46 --

5.19%
259,923.46
259,923.46

1.00 5.19%
259,923.46

0.00 0.18%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 401,261.42 5.19%
401,261.42
401,261.42

1.00 5.19%
401,261.42

0.00 0.28%

0.00 Aaa/
AAAm
AAA

0.00 0.00

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
21684XH82
COÖPERATIEVE RABOBANK
U.A., NEW YORK BRANCH 5.9
09/06/2024
2,000,000.00 09/13/2023

5.90%
1,999,872.84
1,999,872.84
100.09

5.17%
2,001,814.00
97,677.78

1.38%
1,941.16
P-1/A-1
F1+

0.19 0.18
Total Negotiable
CD 2,000,000.00 5.90%
1,999,872.84
1,999,872.84
100.09

5.17%
2,001,814.00
97,677.78

1.38%
1,941.16
P-1/A-1
F1+

0.19 0.18

SUPRANATIONAL
4581X0DZ8

INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
1,585,000.00 09/15/2021

0.52%
1,583,827.10
1,583,827.10

98.88 5.40%
1,567,273.44
2,157.36

1.08%
(16,553.66)
Aaa/AAA
NA

0.23 0.23
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
500,000.00 07/24/2023

4.26%
483,115.00
483,115.00

96.35 4.50%
481,770.48
8,215.28

0.33%
(1,344.53)
Aaa/AAA
NA

4.03 3.65
Total
Supranational 2,085,000.00 1.40%
2,066,942.10
2,066,942.10

98.29 5.19%
2,049,043.91
10,372.64

1.41%
(17,898.19)
Aaa/AAA
NA

1.13 1.03

US TREASURY
912797GB7 UNITED STATES TREASURY
07/11/2024 2,750,000.00 01/16/20245.20%
2,682,875.25
2,682,875.25

99.85 4.86%
2,745,988.30

0.00 1.89%
63,113.05
P-1/A-1+
F1+

0.03 0.03
91282CCT6 UNITED STATES TREASURY 0.375
08/15/2024 2,000,000.00 08/26/20210.46%
1,995,234.38
1,995,234.38

99.38 5.30%
1,987,617.18
2,822.80

1.37%
(7,617.20)
Aaa/AA+
AA+

0.13 0.13
91282CCX7 UNITED STATES TREASURY 0.375
09/15/2024 1,800,000.00 09/10/20210.44%
1,796,484.38
1,796,484.38

98.98 5.28%
1,781,718.75
1,980.98

1.23%
(14,765.63)
Aaa/AA+
AA+

0.21 0.21
912797KU0 UNITED STATES TREASURY
10/17/2024 2,000,000.00 04/22/20245.37%
1,949,235.42
1,949,235.42

98.44 5.31%
1,968,770.00

0.00 1.36%
19,534.58
P-1/A-1+
F1+

0.30 0.29
912828YM6 UNITED STATES TREASURY 1.5
10/31/2024 1,700,000.00 09/24/20210.55%
1,749,273.44
1,749,273.44

98.72 5.40%
1,678,174.48
4,296.20

1.16%
(71,098.96)
Aaa/AA+
AA+

0.34 0.33
91282CDH1 UNITED STATES TREASURY 0.75
11/15/2024 2,000,000.00 11/29/2021

0.81%
1,996,328.13
1,996,328.13

98.31 5.35%
1,966,132.82
1,915.76

1.36%
(30,195.31)
Aaa/AA+
AA+

0.38 0.37
91282CDN8 UNITED STATES TREASURY 1.0
12/15/2024 900,000.00 12/29/20210.99%
900,386.72
900,386.72

98.08 5.29%
882,676.76
393.44

0.61%
(17,709.97)
Aaa/AA+
AA+

0.46 0.45
912828Z52 UNITED STATES TREASURY 1.375
01/31/2025 2,000,000.00 06/04/20210.51%
2,062,500.00
2,062,500.00

97.76 5.31%
1,955,195.32
11,483.52

1.35%
(107,304.68)
Aaa/AA+
AA+

0.59 0.57
912828ZC7 UNITED STATES TREASURY 1.125
02/28/2025 1,200,000.00 02/09/20221.59%
1,183,359.38
1,183,359.38

97.33 5.24%
1,167,925.78
4,512.23

0.81%
(15,433.60)
Aaa/AA+
AA+

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912828ZF0 UNITED STATES TREASURY 0.5
03/31/2025 2,000,000.00 03/03/20210.54%
1,997,031.25
1,997,031.25

96.57 5.21%
1,931,425.78
2,513.66

1.33%
(65,605.47)
Aaa/AA+
AA+

0.75 0.73
912828ZL7 UNITED STATES TREASURY 0.375
04/30/2025 2,000,000.00 04/12/20210.66%
1,977,343.75
1,977,343.75

96.12 5.19%
1,922,363.28
1,263.59

1.33%
(54,980.47)
Aaa/AA+
AA+

0.83 0.81
912828ZT0 UNITED STATES TREASURY 0.25
05/31/2025 1,800,000.00 10/14/20210.78%
1,765,757.81
1,765,757.81

95.62 5.19%
1,721,197.26
381.15

1.19%
(44,560.55)
Aaa/AA+
AA+

0.92 0.89
91282CAB7 UNITED STATES TREASURY 0.25
07/31/2025 2,000,000.00 12/02/20211.06%
1,942,031.25
1,942,031.25

94.96 5.08%
1,899,296.88
2,087.91

1.31%
(42,734.37)
Aaa/AA+
AA+

1.08 1.06
91282CAJ0 UNITED STATES TREASURY 0.25
08/31/2025 1,000,000.00 03/22/2022

2.42%
928,828.13
928,828.13

94.61 5.06%
946,132.81
835.60

0.65%
17,304.68
Aaa/AA+
AA+

1.17 1.14
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 3,250,000.00 --2.90%
3,259,882.81
3,259,882.81

97.56 5.03%
3,170,781.25
24,508.20

2.19%
(89,101.56)
Aaa/AA+
AA+

1.25 1.20
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025 2,500,000.00 06/23/20223.02%
2,498,632.81
2,498,632.81

97.47 4.98%
2,436,816.40
12,635.87

1.68%
(61,816.41)
Aaa/AA+
AA+

1.34 1.28
912828M56 UNITED STATES TREASURY 2.25
11/15/2025 2,500,000.00 06/23/20223.11%
2,431,152.34
2,431,152.34

96.43 4.97%
2,410,644.53
7,184.10

1.66%
(20,507.82)
Aaa/AA+
AA+

1.38 1.33
9128285T3 UNITED STATES TREASURY 2.625
12/31/2025 2,500,000.00 09/14/20223.76%
2,412,792.97
2,412,792.97

96.74 4.90%
2,418,554.70
178.33

1.67%
5,761.73
Aaa/AA+
AA+

1.50 1.44
9128286L9 UNITED STATES TREASURY 2.25
03/31/2026 2,500,000.00 09/14/20223.74%
2,377,832.03
2,377,832.03

95.75 4.81%
2,393,750.00
14,139.34

1.65%
15,917.97
Aaa/AA+
AA+

1.75 1.68
91282CGV7 UNITED STATES TREASURY 3.75
04/15/2026 2,000,000.00 03/20/20244.63%
1,965,703.13
1,965,703.13

98.21 4.80%
1,964,218.76
15,778.69

1.35%
(1,484.37)
Aaa/AA+
AA+

1.79 1.70
912828U24 UNITED STATES TREASURY 2.0
11/15/2026 3,000,000.00 09/13/20234.66%
2,767,031.25
2,767,031.25

94.10 4.65%
2,823,046.86
7,663.04

1.95%
56,015.61
Aaa/AA+
AA+

2.38 2.27
912828YX2 UNITED STATES TREASURY 1.75
12/31/2026 1,750,000.00 12/27/20233.96%
1,641,240.23
1,641,240.23

93.33 4.61%
1,633,242.19

83.22 1.13%
(7,998.04)
Aaa/AA+
AA+

2.50 2.40
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 2,500,000.00 11/17/20224.02%
2,349,414.06
2,349,414.06

94.79 4.54%
2,369,628.90
15,710.38

1.63%
20,214.84
Aaa/AA+
AA+

2.75 2.60
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,300,000.00 12/12/20223.87%
1,266,687.50
1,266,687.50

96.49 4.51%
1,254,347.65
114.81

0.87%
(12,339.85)
Aaa/AA+
AA+

3.00 2.82
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027 2,000,000.00 07/26/20234.30%
1,887,109.38
1,887,109.38

94.95 4.52%
1,899,062.50
22,967.03

1.31%
11,953.12
Aaa/AA+
AA+

3.08 2.88
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 2,500,000.00 01/24/20233.65%
2,445,117.19
2,445,117.19

95.94 4.51%
2,398,437.50
26,112.43

1.65%
(46,679.69)
Aaa/AA+
AA+

3.17 2.94
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,600,000.00 02/22/2023

4.19%
1,595,500.00
1,595,500.00

98.87 4.50%
1,581,875.01
16,590.16

1.09%
(13,624.99)
Aaa/AA+
AA+

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 1,400,000.00 06/07/20234.05%
1,298,937.50
1,298,937.50

93.02 4.50%
1,302,328.13
4,023.10

0.90%
3,390.63
Aaa/AA+
AA+

3.38 3.18
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 04/22/20244.72%
1,870,625.00
1,870,625.00

94.96 4.40%
1,899,140.62
7,982.34

1.31%
28,515.62
Aaa/AA+
AA+

4.38 4.01
Total US Treasury 58,450,000.00 2.90%
56,994,327.49
56,994,327.49

96.71 4.93%
56,510,490.39
210,157.88

38.98%
(483,837.10)
Aaa/AA+
AA+

1.54 1.46
Total Portfolio 148,209,331.41 3.75%
145,765,887.65
145,765,887.65

97.52 4.99%
144,963,242.63
987,598.29
100.00%
(802,645.02)
Aa2/AA
AA

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/03/2024 31846V567 16,525.00 FIRST AMER:GVT OBLG Z 1.000 5.20% (16,525.00) 0.00 (16,525.00) 0.00 Purchase 06/04/2024 31846V567 5,885.66 FIRST AMER:GVT OBLG Z 1.000 5.18% (5,885.66) 0.00 (5,885.66) 0.00 Purchase 06/04/2024 31846V567 824.66 FIRST AMER:GVT OBLG Z 1.000 5.18% (824.66) 0.00 (824.66) 0.00 Purchase 06/06/2024 31846V567 18,830.00 FIRST AMER:GVT OBLG Z 1.000 5.18% (18,830.00) 0.00 (18,830.00) 0.00 Purchase 06/06/2024 31846V567 2,500,000.00 FIRST AMER:GVT OBLG Z 1.000 5.18% (2,500,000.00) 0.00 (2,500,000.00) 0.00 Purchase 06/07/2024 31846V567 761,710.00 FIRST AMER:GVT OBLG Z 1.000 5.18% (761,710.00) 0.00 (761,710.00) 0.00 Purchase 06/07/2024 62479LQ40 2,700,000.00 MUFG Bank, Ltd. - New York Branch 03/04/2025 96.108 5.36% (2,594,902.50) 0.00 (2,594,902.50) 0.00 Purchase 06/10/2024 31846V567 101,241.25 FIRST AMER:GVT OBLG Z 1.000 5.18% (101,241.25) 0.00 (101,241.25) 0.00 Purchase 06/11/2024 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 99.985 5.18% (599,908.86) 0.00 (599,908.86) 0.00 Purchase 06/12/2024 31846V567 47,500.00 FIRST AMER:GVT OBLG Z 1.000 5.18% (47,500.00) 0.00 (47,500.00) 0.00 Purchase 06/14/2024 31846V567 2,028,750.00 FIRST AMER:GVT OBLG Z 1.000 5.18% (2,028,750.00) 0.00 (2,028,750.00) 0.00 Purchase 06/17/2024 31846V567 52,623.18 FIRST AMER:GVT OBLG Z 1.000 5.18% (52,623.18) 0.00 (52,623.18) 0.00 Purchase 06/17/2024 31846V567 134,422.41 FIRST AMER:GVT OBLG Z 1.000 5.18% (134,422.41) 0.00 (134,422.41) 0.00 Purchase 06/18/2024 31846V567 28,715.53 FIRST AMER:GVT OBLG Z 1.000 5.18% (28,715.53) 0.00 (28,715.53) 0.00 Purchase 06/18/2024 31846V567 1,140,000.00 FIRST AMER:GVT OBLG Z 1.000 5.18% (1,140,000.00) 0.00 (1,140,000.00) 0.00 Purchase 06/20/2024 31846V567 37,185.29 FIRST AMER:GVT OBLG Z 1.000 5.19% (37,185.29) 0.00 (37,185.29) 0.00 Purchase 06/21/2024 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 98.990 4.89% (989,900.00) (11,501.39) (1,001,401.39) 0.00 Purchase 06/21/2024 31846V567 16,066.50 FIRST AMER:GVT OBLG Z 1.000 5.18% (16,066.50) 0.00 (16,066.50) 0.00 Purchase 06/21/2024 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 99.469 5.19% (994,687.50) (3,596.67) (998,284.17) 0.00 Purchase 06/24/2024 3130B0ZP7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.875 03/13/2026 100.045 4.85% (1,000,450.00) (8,802.08) (1,009,252.08) 0.00 Purchase 06/25/2024 437076DB5 500,000.00 HOME DEPOT INC 4.875 06/25/2027 99.868 4.92% (499,340.00) 0.00 (499,340.00) 0.00 Purchase 06/25/2024 437076DB5 240,000.00 HOME DEPOT INC 4.875 06/25/2027 99.669 5.00% (239,205.60) 0.00 (239,205.60) 0.00 Purchase 06/25/2024 31846V567 52,781.90 FIRST AMER:GVT OBLG Z 1.000 5.18% (52,781.90) 0.00 (52,781.90) 0.00 Total Purchase 13,983,061.38 (13,861,455.84) (23,900.14) (13,885,355.98) 0.00 175
| 17
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss TOTAL
ACQUISITIONS 13,983,061.38 (13,861,455.84) (23,900.14) (13,885,355.98) 0.00

DISPOSITIONS
Maturity 06/06/2024 912797HT7 (2,500,000.00) UNITED STATES TREASURY 06/06/2024 100.000 0.00% 2,500,000.00 0.00 2,500,000.00 33,066.49 Maturity 06/07/2024 24422EVQ9 (760,000.00) JOHN DEERE CAPITAL CORP 0.45 06/07/2024 100.000 0.45% 760,000.00 0.00 760,000.00 950.00 Maturity 06/14/2024 3130A1XJ2 (2,000,000.00) FEDERAL HOME LOAN BANKS 2.875 06/14/2024 100.000 2.88% 2,000,000.00 0.00 2,000,000.00 (101,140.00) Maturity 06/18/2024 89236TJH9 (1,140,000.00) TOYOTA MOTOR CREDIT CORP 0.5 06/18/2024 100.000 0.50% 1,140,000.00 0.00 1,140,000.00 1,356.60 Total Maturity (6,400,000.00) 6,400,000.00 0.00 6,400,000.00 (65,766.91) Sale 06/07/2024 31846V567 (2,594,902.50) FIRST AMER:GVT OBLG Z 1.000 5.18% 2,594,902.50 0.00 2,594,902.50 0.00 Sale 06/11/2024 31846V567 (599,908.86) FIRST AMER:GVT OBLG Z 1.000 5.18% 599,908.86 0.00 599,908.86 0.00 Sale 06/21/2024 31846V567 (1,999,685.56) FIRST AMER:GVT OBLG Z 1.000 5.18% 1,999,685.56 0.00 1,999,685.56 0.00 Sale 06/24/2024 31846V567 (1,009,252.08) FIRST AMER:GVT OBLG Z 1.000 5.18% 1,009,252.08 0.00 1,009,252.08 0.00 Sale 06/25/2024 31846V567 (720,617.63) FIRST AMER:GVT OBLG Z 1.000 5.18% 720,617.63 0.00 720,617.63 0.00 Sale 06/26/2024 31846V567 (385.00) FIRST AMER:GVT OBLG Z 1.000 5.19% 385.00 0.00 385.00 0.00 Total Sale (6,924,751.63) 6,924,751.63 0.00 6,924,751.63 0.00 TOTAL
DISPOSITIONS (13,324,751.63) 13,324,751.63 0.00 13,324,751.63 (65,766.91) OTHER
Coupon 06/01/2024 3137BM7C4 0.00 FHMS K-051 A2 3.308
09/25/2025 3.30% 3,371.40 0.00 3,371.40 0.00
Coupon 06/01/2024 3137BSP72 0.00 FHMS K-058 A2 2.653
08/25/2026 4.27% 4,421.67 0.00 4,421.67 0.00
Coupon 06/01/2024 3137BTUM1 0.00 FHMS K-061 A2 3.347
11/25/2026 4.79% 2,481.93 0.00 2,481.93 0.00
Coupon 06/01/2024 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.38% 2,463.88 0.00 2,463.88 0.00
176
| 18
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 06/01/2024 3137F1G44 0.00 FHMS K-065 A2 3.243
04/25/2027 4.02% 2,702.50 0.00 2,702.50 0.00
Coupon 06/01/2024 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.40% 3,319.79 0.00 3,319.79 0.00
Coupon 06/01/2024 3137F4X72 0.00 FHMS K-075 A2 3.65
02/25/2028 5.03% 3,543.54 0.00 3,543.54 0.00
Coupon 06/01/2024 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.94% 4,062.50 0.00 4,062.50 0.00
Coupon 06/01/2024 438516CB0 0.00

HONEYWELL
INTERNATIONAL INC 1.35
06/01/2025

2.31% 6,750.00 0.00 6,750.00 0.00
Coupon 06/01/2024 023135CN4 0.00 AMAZON.COM INC 4.6
12/01/2025 4.60% 9,775.00 0.00 9,775.00 0.00
Coupon 06/06/2024 89115A2A9 0.00 TORONTO-DOMINION
BANK 3.766 06/06/2025 3.70% 18,830.00 0.00 18,830.00 0.00 Coupon 06/07/2024 24422EVQ9 0.00 JOHN DEERE CAPITAL
CORP 0.45 06/07/2024 0.45% 1,710.00 0.00 1,710.00 0.00
Coupon 06/08/2024 48125LRU8 0.00 JPMORGAN CHASE BANK
NA 5.11 12/08/2026 5.08% 40,241.25 0.00 40,241.25 0.00
Coupon 06/09/2024 3130AVVX7 0.00 FEDERAL HOME LOAN
BANKS 3.75 06/09/2028 4.00% 21,000.00 0.00 21,000.00 0.00 Coupon 06/09/2024 3130AWC24 0.00 FEDERAL HOME LOAN
BANKS 4.0 06/09/2028 4.49% 40,000.00 0.00 40,000.00 0.00 Coupon 06/12/2024 3130AWLZ1 0.00 FEDERAL HOME LOAN
BANKS 4.75 06/12/2026 4.78% 47,500.00 0.00 47,500.00 0.00 Coupon 06/14/2024 3130A1XJ2 0.00 FEDERAL HOME LOAN
BANKS 2.875 06/14/2024 2.88% 28,750.00 0.00 28,750.00 0.00 Coupon 06/15/2024 89240BAC2 0.00 TAOT 2021-A A3 0.26
05/15/2025 0.26% 1.58 0.00 1.58 0.00
Coupon 06/15/2024 47788UAC6 0.00 JDOT 2021 A3 0.36
09/15/2025 0.36% 12.26 0.00 12.26 0.00
Coupon 06/15/2024 44933LAC7 0.00 HART 2021-A A3 0.38
09/15/2025 0.38% 9.95 0.00 9.95 0.00
Coupon 06/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 60.12 0.00 60.12 0.00
177
| 19
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 06/15/2024 44934KAC8 0.00 HART 2021-B A3 0.38
01/15/2026 0.38% 63.29 0.00 63.29 0.00
Coupon 06/15/2024 91282CDN8 0.00 UNITED STATES TREASURY

1.0 12/15/2024 0.99% 4,500.00 0.00 4,500.00 0.00
Coupon 06/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.33% 469.95 0.00 469.95 0.00
Coupon 06/15/2024 63743HFE7 0.00

NATIONAL RURAL

UTILITIES COOPERATIVE
FINANCE CORP 3.45
06/15/2025

3.61% 19,061.25 0.00 19,061.25 0.00
Coupon 06/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.17% 5,676.00 0.00 5,676.00 0.00
Coupon 06/15/2024 437918AC9 0.00 HAROT 2024-1 A3 5.21
08/15/2028 5.21% 5,427.08 0.00 5,427.08 0.00
Coupon 06/15/2024 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.96% 1,384.67 0.00 1,384.67 0.00
Coupon 06/15/2024 02582JKH2 0.00 AMXCA 2024-1 A 5.23
04/16/2029 5.23% 2,789.33 0.00 2,789.33 0.00
Coupon 06/15/2024 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.32% 1,137.89 0.00 1,137.89 0.00
Coupon 06/15/2024 02582JJT8 0.00 AMXCA 2022-2 A
05/17/2027 3.40% 2,556.63 0.00 2,556.63 0.00
Coupon 06/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 69.74 0.00 69.74 0.00
Coupon 06/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 132.41 0.00 132.41 0.00
Coupon 06/16/2024 36265WAD5 0.00 GMCAR 2022-3 A3 3.64
04/16/2027 3.64% 970.67 0.00 970.67 0.00
Coupon 06/18/2024 89236TJH9 0.00 TOYOTA MOTOR CREDIT
CORP 0.5 06/18/2024 0.50% 2,850.00 0.00 2,850.00 0.00
Coupon 06/18/2024 43815PAC3 0.00 HAROT 2022-2 A3 3.73
07/20/2026 3.73% 1,088.79 0.00 1,088.79 0.00
Coupon 06/20/2024 3130AQF40 0.00 FEDERAL HOME LOAN
BANKS 1.0 12/20/2024 1.03% 7,000.00 0.00 7,000.00 0.00
178
| 20
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Coupon 06/20/2024 58989V2F0 0.00 MET TOWER GLOBAL
FUNDING 5.4 06/20/2026 5.38% 27,000.00 0.00 27,000.00 0.00 Coupon 06/20/2024 379929AD4 0.00 GMALT 2023-3 A3 5.38
11/20/2026 5.38% 1,255.33 0.00 1,255.33 0.00
Coupon 06/20/2024 36269FAD8 0.00 GMALT 2024-1 A3 5.09
03/22/2027 5.09% 1,929.96 0.00 1,929.96 0.00
Coupon 06/21/2024 43813GAC5 0.00 HAROT 2021-1 A3 0.27
04/21/2025 0.27% 0.11 0.00 0.11 0.00
Coupon 06/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 108.03 0.00 108.03 0.00
Coupon 06/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 635.92 0.00 635.92 0.00
Coupon 06/25/2024 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.16% 661.22 0.00 661.22 0.00
Coupon 06/25/2024 05611UAD5 0.00 BMWLT 2024-1 A3 4.98
03/25/2027 5.19% 4,150.00 0.00 4,150.00 0.00
Coupon 06/30/2024 9128285T3 0.00 UNITED STATES TREASURY

2.625 12/31/2025 3.76% 32,812.50 0.00 32,812.50 0.00
Coupon 06/30/2024 912828YX2 0.00 UNITED STATES TREASURY

1.75 12/31/2026 3.96% 15,312.50 0.00 15,312.50 0.00
Coupon 06/30/2024 91282CEW7 0.00 UNITED STATES TREASURY

3.25 06/30/2027 3.87% 21,125.00 0.00 21,125.00 0.00
Total Coupon 0.00 401,175.64 0.00 401,175.64 0.00
Custody Fee 06/26/2024 CCYUSD (385.00) Cash 0.00% (385.00) 0.00 (385.00) 0.00 Total Custody
Fee (385.00) (385.00) 0.00 (385.00) 0.00
Dividend 06/30/2024 31846V567 0.00 FIRST AMER:GVT OBLG Z 5.19% 6,238.04 0.00 6,238.04 0.00 Total Dividend 0.00 6,238.04 0.00 6,238.04 0.00
Principal
Paydown 06/01/2024 3137BTUM1 1,697.16 FHMS K-061 A2 3.347 11/25/2026 4.83% 1,697.16 -- 1,697.16 60.93
Principal
Paydown 06/15/2024 89240BAC2 7,311.24 TAOT 2021-A A3 0.26 05/15/2025 0.26% 7,311.24 -- 7,311.24 1.37
Principal
Paydown 06/15/2024 47788UAC6 9,053.90 JDOT 2021 A3 0.3609/15/2025 0.36% 9,053.90 -- 9,053.90 1.74 179
| 21
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Principal
Paydown 06/15/2024 44933LAC7 17,594.57 HART 2021-A A3 0.3809/15/2025 0.38% 17,594.57 -- 17,594.57 1.85 Principal
Paydown 06/15/2024 44934KAC8 40,359.37 HART 2021-B A3 0.3801/15/2026 0.38% 40,359.37 -- 40,359.37 8.90 Principal
Paydown 06/15/2024 47789QAC4 16,716.85 JDOT 2021-B A3 0.5203/16/2026 0.52% 16,716.85 -- 16,716.85 1.49 Principal
Paydown 06/15/2024 47787JAC2 15,417.82 JDOT 2022 A3 0.36 09/15/2026 2.33% 15,417.82 -- 15,417.82 3.41
Principal
Paydown 06/16/2024 362554AC1 11,253.12 GMCAR 2021-4 A3 0.6809/16/2026 0.68% 11,253.12 -- 11,253.12 0.28 Principal
Paydown 06/16/2024 380146AC4 10,908.26 GMCAR 2022-1 A3 1.2611/16/2026 1.26% 10,908.26 -- 10,908.26 0.94 Principal
Paydown 06/16/2024 36265WAD5 14,107.64 GMCAR 2022-3 A3 3.64 04/16/2027 3.64% 14,107.64 -- 14,107.64 0.10 Principal
Paydown 06/18/2024 43815PAC3 24,776.74 HAROT 2022-2 A3 3.73 07/20/2026 3.73% 24,776.74 -- 24,776.74 1.48 Principal
Paydown 06/21/2024 43813GAC5 503.19 HAROT 2021-1 A3 0.27 04/21/2025 0.27% 503.19 -- 503.19 0.01 Principal
Paydown 06/21/2024 43815GAC3 15,455.17 HAROT 2021-4 A3 0.88 01/21/2026 0.89% 15,455.17 -- 15,455.17 3.26 Principal
Paydown 06/25/2024 05602RAD3 19,949.83 BMWOT 2022-A A3 3.2108/25/2026 3.21% 19,949.83 -- 19,949.83 1.04 Principal
Paydown 06/25/2024 05593AAC3 17,248.53 BMWLT 2023-1 A3 5.1611/25/2025 5.16% 17,248.53 -- 17,248.53 0.41 Total Principal
Paydown 222,353.39 222,353.39 -- 222,353.39 87.23

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
31846V567
401,261.42
382,951.67
6,943,061.38
(6,924,751.63)
401,261.42

0.00 6,710.32

0.00 0.00

0.00 6,710.32
6,710.32
Total 401,261.42
382,951.67
6,943,061.38
(6,924,751.63)
401,261.42

0.00 6,710.32

0.00 0.00

0.00 6,710.32 6,710.32

CASH & EQUIVALENTS
CCYUSD Receivable
75,488.04
6,710.32

0.00 0.00
75,488.04

0.00 0.00

0.00 Total Cash & Equivalents 75,488.04
6,710.32

0.00 0.00
75,488.04

0.00 0.00

0.00 0.00 0.00

FIXED INCOME
00440EAV9 CHUBB INA HOLDINGS LLC

3.35 05/03/2026
09/13/2023
09/15/2023
1,000,000.00
954,220.00

0.00 0.00
954,220.00
2,605.56

0.00 5,397.22
2,791.67

0.00 0.00

0.00 2,791.67
2,791.67
009158AY2

AIR PRODUCTS AND
CHEMICALS INC 1.85
05/15/2027
02/09/2024
02/13/2024
1,500,000.00
1,371,945.00

0.00 0.00
1,371,945.00
1,233.33

0.00 3,545.83
2,312.50

0.00 0.00

0.00 2,312.50
2,312.50
023135CN4 AMAZON.COM INC 4.6
12/01/2025
11/29/2022
12/01/2022
425,000.00
424,974.50

0.00 0.00
424,974.50
9,775.00
9,775.00
1,629.17
1,629.17

0.00 0.00

0.00 1,629.17
1,629.17
02582JJT8 AMXCA 2022-2 A 05/17/2027
05/17/2022
05/24/2022
905,000.00
904,799.81

0.00 0.00
904,799.81
1,363.53
2,556.63
1,363.53
2,556.63

0.00 0.00

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029
04/16/2024
04/23/2024
640,000.00
639,868.80

0.00 0.00
639,868.80
1,487.64
2,789.33
1,487.64
2,789.33

0.00 0.00

0.00 2,789.33
2,789.33
037833BY5 APPLE INC 3.25 02/23/2026
02/22/2023
02/28/2023
1,000,000.00
959,390.00

0.00 0.00
959,390.00
8,847.22

0.00 11,555.56
2,708.33

0.00 0.00

0.00 2,708.33
2,708.33
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025
02/07/2023
02/15/2023
136,524.16
153,769.03

0.00 (17,248.12)
136,520.91
132.24
661.22
117.41
646.39

0.00 0.00

0.00 646.39
646.39
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
217,776.10
237,713.57

0.00 (19,948.79)
217,764.78
127.18
635.92
116.51
625.25

0.00 0.00

0.00 625.25
625.25
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027
06/20/2024
06/21/2024
1,000,000.00

0.00 994,687.50

0.00 553.33
830.00
1,383.33

0.00 0.00

0.00 1,383.33
1,383.33
06406RBC0 BANK OF NEW YORK MELLON
CORP 3.35 04/25/2025
04/19/2022
04/26/2022
900,000.00
899,874.00

0.00 0.00
899,874.00
3,015.00

0.00 5,527.50
2,512.50

0.00 0.00

0.00 2,512.50
2,512.50
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026
09/13/2023
09/15/2023
1,000,000.00
998,810.00

0.00 0.00
998,810.00
15,810.50

0.00 20,415.50
4,605.00

0.00 0.00

0.00 4,605.00
4,605.00
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
600,000.00

0.00 599,908.86

0.00 0.00
1,726.67
1,726.67

0.00 0.00

0.00 1,726.67
1,726.67
14913R2V8

CATERPILLAR FINANCIAL
SERVICES CORP 3.4
05/13/2025
05/10/2022
05/13/2022
480,000.00
479,390.40

0.00 0.00
479,390.40
816.00

0.00 2,176.00
1,360.00

0.00 0.00

CATERPILLAR FINANCIAL
SERVICES CORP 3.65
08/12/2025
08/08/2022
08/12/2022
1,375,000.00
1,373,336.25

0.00 0.00
1,373,336.25
15,195.66

0.00 19,377.95
4,182.29

0.00 0.00

0.00 4,182.29
4,182.29
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,320,000.00
1,319,634.10

0.00 0.00
1,319,634.10
3,027.20
5,676.00
3,027.20
5,676.00

0.00 0.00

0.00 5,676.00
5,676.00
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027
02/29/2024
03/04/2024
1,500,000.00
1,500,810.00

0.00 0.00
1,500,810.00
19,000.00

0.00 25,000.00
6,000.00

0.00 0.00

0.00 6,000.00
6,000.00
21684XH82
COÖPERATIEVE RABOBANK
U.A., NEW YORK BRANCH 5.9
09/06/2024
09/13/2023
09/14/2023
2,000,000.00
1,999,872.84

0.00 0.00
1,999,872.84
87,844.44

0.00 97,677.78
9,833.33

0.00 0.00

0.00 9,833.33
9,833.33
24422EVQ9 JOHN DEERE CAPITAL CORP

0.45 06/07/2024
06/07/2021
06/10/2021

0.00 759,050.00

0.00 (759,050.00)

0.00 1,653.00
1,710.00

0.00 57.00

0.00 0.00

0.00 57.00

57.00 24422EXF1 JOHN DEERE CAPITAL CORP

4.5 01/08/2027
01/10/2024
01/17/2024
1,000,000.00
999,460.00

0.00 0.00
999,460.00
17,875.00

0.00 21,625.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
26442UAA2 DUKE ENERGY PROGRESS LLC

3.25 08/15/2025
06/23/2022
06/27/2022
1,000,000.00
990,710.00

0.00 0.00
990,710.00
9,569.44

0.00 12,277.78
2,708.33

0.00 0.00

0.00 2,708.33
2,708.33
3130A1XJ2 FEDERAL HOME LOAN BANKS

2.875 06/14/2024
09/13/2019
09/13/2019

0.00 2,101,140.00

0.00 (2,101,140.00)

0.00 26,673.61
28,750.00

0.00 2,076.39

0.00 0.00

0.00 2,076.39
2,076.39
3130AQF40 FEDERAL HOME LOAN BANKS

1.0 12/20/2024
12/21/2021
12/22/2021
1,400,000.00
1,398,768.00

0.00 0.00
1,398,768.00
6,261.11
7,000.00
427.78
1,166.67

0.00 0.00

3.75 06/09/2028
06/07/2023
06/09/2023
1,120,000.00
1,107,243.20

0.00 0.00
1,107,243.20
20,066.67
21,000.00
2,566.67
3,500.00

0.00 0.00

0.00 3,500.00
3,500.00
3130AWC24 FEDERAL HOME LOAN BANKS

4.0 06/09/2028
07/06/2023
07/10/2023
2,000,000.00
1,956,940.00

0.00 0.00
1,956,940.00
38,222.22
40,000.00
4,888.89
6,666.67

0.00 0.00

0.00 6,666.67
6,666.67
3130AWLZ1 FEDERAL HOME LOAN BANKS

4.75 06/12/2026
08/16/2023
08/17/2023
2,000,000.00
1,998,620.00

0.00 0.00
1,998,620.00
44,597.22
47,500.00
5,013.89
7,916.67

0.00 0.00

0.00 7,916.67
7,916.67
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 4,500,000.00
4,476,030.00

0.00 0.00
4,476,030.00
46,250.00

0.00 63,593.75
17,343.75

0.00 0.00

0.00 17,343.75
17,343.75
3130AXU63 FEDERAL HOME LOAN BANKS

4.625 11/17/2026
11/30/2023
12/01/2023
1,750,000.00
1,754,427.50

0.00 0.00
1,754,427.50
3,147.57

0.00 9,892.36
6,744.79

0.00 0.00

0.00 6,744.79
6,744.79
3130AYPN0 FEDERAL HOME LOAN BANKS

4.125 01/15/2027
01/30/2024
01/31/2024
2,000,000.00
1,995,560.00

0.00 0.00
1,995,560.00
27,958.33

0.00 34,833.33
6,875.00

0.00 0.00

0.00 6,875.00
6,875.00
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027
04/10/2024
04/15/2024
1,500,000.00
1,496,115.00

0.00 0.00
1,496,115.00
9,895.83

0.00 15,833.33
5,937.50

0.00 0.00

0.00 5,937.50
5,937.50
3130B0ZP7 FEDERAL HOME LOAN BANKS

4.875 03/13/2026
06/21/2024
06/24/2024
1,000,000.00

0.00 1,000,450.00

0.00 (8,802.08)
9,750.00
947.92

0.00 0.00

0.00 947.92
947.92
3133ENKS8

FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.125
01/06/2025
01/06/2022
01/11/2022
755,000.00
753,301.25

0.00 0.00
753,301.25
3,421.09

0.00 4,128.91
707.81

0.00 0.00

FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.75
02/14/2025
02/25/2022
02/28/2022
1,200,000.00
1,197,456.00

0.00 0.00
1,197,456.00
6,241.67

0.00 7,991.67
1,750.00

0.00 0.00

0.00 1,750.00
1,750.00
3133EP6K6

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/26/2027
04/08/2024
04/09/2024
1,000,000.00
995,520.00

0.00 0.00
995,520.00
8,125.00

0.00 11,875.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3133EPSW6

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
08/14/2026
08/09/2023
08/14/2023
2,405,000.00
2,399,468.50

0.00 0.00
2,399,468.50
32,166.88

0.00 41,185.63
9,018.75

0.00 0.00

0.00 9,018.75
9,018.75
3133EPW68

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.125
01/22/2026
01/24/2024
01/25/2024
1,400,000.00
1,392,860.00

0.00 0.00
1,392,860.00
20,693.75

0.00 25,506.25
4,812.50

0.00 0.00

0.00 4,812.50
4,812.50
3133EPWK7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
09/22/2028
10/12/2023
10/16/2023
2,000,000.00
1,981,460.00

0.00 0.00
1,981,460.00
17,250.00

0.00 24,750.00
7,500.00

0.00 0.00

0.00 7,500.00
7,500.00
3133EPZY4

FEDERAL FARM CREDIT
BANKS FUNDING CORP 5.0
07/30/2026
11/09/2023
11/10/2023
2,000,000.00
2,007,480.00

0.00 0.00
2,007,480.00
33,611.11

0.00 41,944.44
8,333.33

0.00 0.00

0.00 8,333.33
8,333.33
3133ERDZ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
05/08/2026
05/20/2024
05/21/2024
1,000,000.00
997,690.00

0.00 0.00
997,690.00
3,034.72

0.00 6,993.06
3,958.33

0.00 0.00

0.00 3,958.33
3,958.33
3133ERFJ5

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
05/20/2027
05/20/2024
05/21/2024
1,000,000.00
994,830.00

0.00 0.00
994,830.00
1,375.00

0.00 5,125.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3137BM7C4 FHMS K-051 A2 3.308
09/25/2025
06/23/2022
06/28/2022
1,223,000.00
1,220,420.23

0.00 0.00
1,220,420.23
3,371.40
3,371.40
3,371.40
3,371.40

0.00 0.00

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137BSP72 FHMS K-058 A2 2.653
08/25/2026
02/09/2023
02/14/2023
2,000,000.00
1,890,546.88

0.00 0.00
1,890,546.88
4,421.67
4,421.67
4,421.67
4,421.67

0.00 0.00

0.00 4,421.67
4,421.67
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026
09/22/2022
09/27/2022
888,148.67
857,901.75

0.00 (1,636.23)
856,265.52
2,481.93
2,481.93
2,477.19
2,477.20

0.00 0.00

0.00 2,477.20
2,477.20
3137BVZ82 FHMS K-063 A2 3.43
01/25/2027 862,000.00
839,600.51

0.00 0.00
839,600.51
2,463.88
2,463.88
2,463.88
2,463.88

0.00 0.00

0.00 2,463.88
2,463.88
3137F1G44 FHMS K-065 A2 3.243
04/25/2027
09/19/2022
09/22/2022
1,000,000.00
965,468.75

0.00 0.00
965,468.75
2,702.50
2,702.50
2,702.50
2,702.50

0.00 0.00

0.00 2,702.50
2,702.50
3137F4X72 FHMS K-075 A2 3.65
02/25/2028
09/14/2023
09/19/2023
1,165,000.00
1,107,478.13

0.00 0.00
1,107,478.13
3,543.54
3,543.54
3,543.54
3,543.54

0.00 0.00

0.00 3,543.54
3,543.54
3137FBU79 FHMS K-069 A2 3.187
09/25/2027
05/18/2023
05/23/2023
1,250,000.00
1,200,732.43

0.00 0.00
1,200,732.43
3,319.79
3,319.79
3,319.79
3,319.79

0.00 0.00

0.00 3,319.79
3,319.79
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
05/28/2024
05/31/2024
1,250,000.00
1,197,265.63

0.00 0.00
1,197,265.63
4,062.50
4,062.50
4,062.50
4,062.50

0.00 0.00

0.00 4,062.50
4,062.50
341081GN1 FLORIDA POWER & LIGHT CO

4.4 05/15/2028
05/22/2023
05/24/2023
1,500,000.00
1,484,025.00

0.00 0.00
1,484,025.00
2,933.33

0.00 8,433.33
5,500.00

0.00 0.00

0.00 5,500.00
5,500.00
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026
10/13/2021
10/21/2021
111,816.76
123,066.75

0.00 (11,252.84)
111,813.91

34.87 69.74

31.68 66.55

0.00 0.00

0.00 66.55

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027
07/06/2022
07/13/2022
305,892.37
319,997.79

0.00 (14,107.54)
305,890.25
485.33
970.67
463.94
949.27

0.00 0.00

0.00 949.27
949.27
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027
02/08/2024
02/15/2024
455,000.00
454,943.13

0.00 0.00
454,943.13
707.65
1,929.96
707.65
1,929.96

0.00 0.00

0.00 1,929.96
1,929.96
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026
08/08/2023
08/16/2023
280,000.00
279,966.43

0.00 0.00
279,966.43
460.29
1,255.33
460.29
1,255.33

0.00 0.00

0.00 1,255.33
1,255.33
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026
01/11/2022
01/19/2022
115,200.25
126,097.55

0.00 (10,907.32)
115,190.24

66.21 132.41

60.48 126.68

0.00 0.00

0.00 126.68
126.68
437076CR1 HOME DEPOT INC 4.0
09/15/2025
09/14/2022
09/19/2022
1,000,000.00
996,380.00

0.00 0.00
996,380.00
8,444.44

0.00 11,777.78
3,333.33

0.00 0.00

0.00 3,333.33
3,333.33
437076DB5 HOME DEPOT INC 4.875
06/25/2027 06/25/2024
740,000.00

0.00 738,545.60

0.00 0.00
601.25
601.25

0.00 0.00

0.00 601.25
601.25
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028
02/13/2024
02/21/2024
1,250,000.00
1,249,945.63

0.00 0.00
1,249,945.63
2,894.44
5,427.08
2,894.44
5,427.08

0.00 0.00

0.00 5,427.08
5,427.08
43813GAC5 HAROT 2021-1 A3 0.27
04/21/2025
02/17/2021
02/24/2021

0.00 503.18

0.00 (503.18)

0.00 0.04

0.11 0.00

0.07 0.00

0.00 0.00

0.07 0.07
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
131,859.87
147,283.99

0.00 (15,451.91)
131,832.08

36.01 108.03

32.23 104.25

0.00 0.00

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026
08/15/2022
08/24/2022
325,505.06
350,260.93

0.00 (24,775.26)
325,485.67
471.81
1,088.79
438.44
1,055.42

0.00 0.00

0.00 1,055.42
1,055.42
438516CB0 HONEYWELL INTERNATIONAL
INC 1.35 06/01/2025
03/09/2022
03/11/2022
1,000,000.00
970,280.00

0.00 0.00
970,280.00
6,750.00
6,750.00
1,125.00
1,125.00

0.00 0.00

0.00 1,125.00
1,125.00
44933LAC7 HART 2021-A A3 0.38
09/15/2025
04/20/2021
04/28/2021
13,833.86
31,425.12

0.00 (17,592.72)
13,832.41

5.31 9.95

2.34 6.98

0.00 0.00

0.00 6.98

6.98 44934KAC8 HART 2021-B A3 0.38
01/15/2026
07/20/2021
07/28/2021
159,505.61
199,820.88

0.00 (40,350.47)
159,470.41

33.76 63.29

26.94 56.47

0.00 0.00

0.00 56.47

56.47 4581X0DZ8

INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
09/15/2021
09/23/2021
1,585,000.00
1,583,827.10

0.00 0.00
1,583,827.10
1,496.94

0.00 2,157.36
660.42

0.00 0.00

0.00 660.42
660.42
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
500,000.00
483,115.00

0.00 0.00
483,115.00
6,756.94

0.00 8,215.28
1,458.33

0.00 0.00

0.00 1,458.33
1,458.33
47787JAC2 JDOT 2022 A3 0.36
09/15/2026
03/10/2022
03/16/2022
227,660.97
243,025.02

0.00 (15,414.41)
227,610.61
250.64
469.95
234.74
454.05

0.00 0.00

0.00 454.05
454.05
47788UAC6 JDOT 2021 A3 0.36
09/15/2025
03/02/2021
03/10/2021
31,825.53
40,871.57

0.00 (9,052.16)
31,819.41

6.54 12.26

5.09 10.81

0.00 0.00

0.00 10.81

10.81 47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
122,032.74
138,737.21

0.00 (16,715.36)
122,021.86

32.07 60.12

28.20 56.26

0.00 0.00

0.00 56.26

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
03/11/2024
03/19/2024
335,000.00
334,981.24

0.00 0.00
334,981.24
738.49
1,384.67
738.49
1,384.67

0.00 0.00

0.00 1,384.67
1,384.67
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 12/08/2023
1,575,000.00
1,576,460.00

0.00 0.00
1,576,460.00
38,676.31
40,241.25
5,141.94
6,706.88

0.00 0.00

0.00 6,706.88
6,706.88
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026
04/04/2023
04/12/2023
750,000.00
749,482.50

0.00 0.00
749,482.50
4,781.25

0.00 7,593.75
2,812.50

0.00 0.00

0.00 2,812.50
2,812.50
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028
05/17/2024
05/23/2024
350,000.00
349,959.05

0.00 0.00
349,959.05
413.78
1,137.89
827.56
1,551.67

0.00 0.00

0.00 1,551.67
1,551.67
58989V2F0 MET TOWER GLOBAL
FUNDING 5.4 06/20/2026
06/12/2023
06/20/2023
1,000,000.00
1,000,440.00

0.00 0.00
1,000,440.00
24,150.00
27,000.00
1,650.00
4,500.00

0.00 0.00

0.00 4,500.00
4,500.00
61747YET8 MORGAN STANLEY 4.679
07/17/2026
09/14/2022
09/16/2022
1,000,000.00
994,030.00

0.00 0.00
994,030.00
17,416.28

0.00 21,315.44
3,899.17

0.00 0.00

0.00 3,899.17
3,899.17
62479LQ40 MUFG Bank, Ltd. - New York
Branch 03/04/2025
06/07/2024
06/07/2024
2,700,000.00

0.00 2,594,902.50

0.00 0.00

0.00 63743HFE7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

3.45 06/15/2025 1,105,000.00
1,099,973.65

0.00 0.00
1,099,973.65
17,578.71
19,061.25
1,694.33
3,176.88

0.00 0.00

0.00 3,176.88
3,176.88
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027
09/14/2022
09/16/2022
1,000,000.00
990,460.00

0.00 0.00
990,460.00
2,333.33

0.00 5,666.67
3,333.33

0.00 0.00

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
69371RR40 PACCAR FINANCIAL CORP 0.5
08/09/2024
08/03/2021
08/09/2021
245,000.00
244,867.70

0.00 0.00
244,867.70
381.11

0.00 483.19
102.08

0.00 0.00

0.00 102.08
102.08
69371RS56 PACCAR FINANCIAL CORP

5.05 08/10/2026 1,450,000.00
1,451,925.00

0.00 0.00
1,451,925.00
22,577.71

0.00 28,679.79
6,102.08

0.00 0.00

0.00 6,102.08
6,102.08
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
510,000.00
509,862.30

0.00 0.00
509,862.30
1,524.69

0.00 3,702.81
2,178.13

0.00 0.00

0.00 2,178.13
2,178.13
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
06/22/2023
06/26/2023
750,000.00
715,005.00

0.00 0.00
715,005.00
2,312.50

0.00 4,625.00
2,312.50

0.00 0.00

0.00 2,312.50
2,312.50
78016EYM3 ROYAL BANK OF CANADA 1.6
01/21/2025
01/12/2022
01/21/2022
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
5,777.78

0.00 7,111.11
1,333.33

0.00 0.00

0.00 1,333.33
1,333.33
78016HZT0 ROYAL BANK OF CANADA

4.875 01/19/2027
01/10/2024
01/19/2024
1,245,000.00
1,244,688.75

0.00 0.00
1,244,688.75
22,254.38

0.00 27,312.19
5,057.81

0.00 0.00

0.00 5,057.81
5,057.81
79466LAG9 SALESFORCE INC 0.625
07/15/2024
06/29/2021
07/12/2021
200,000.00
199,898.00

0.00 0.00
199,898.00
472.22

0.00 576.39
104.17

0.00 0.00

0.00 104.17
104.17
857477BR3 STATE STREET CORP 1.746
02/06/2026
02/02/2022
02/07/2022
335,000.00
335,000.00

0.00 0.00
335,000.00
1,868.46

0.00 2,355.89
487.43

0.00 0.00

0.00 487.43
487.43
857477CL5 STATE STREET CORP 4.993
03/18/2027
03/13/2024
03/18/2024
1,210,000.00
1,210,000.00

0.00 0.00
1,210,000.00
12,250.88

0.00 17,285.49
5,034.61

0.00 0.00

3.766 06/06/2025
06/02/2022
06/08/2022
1,000,000.00
1,001,830.00

0.00 0.00
1,001,830.00
18,306.94
18,830.00
2,615.28
3,138.33

0.00 0.00

0.00 3,138.33
3,138.33
89233GNX0 Toyota Motor Credit
Corporation 01/31/2025
05/21/2024
05/21/2024
2,000,000.00
1,925,625.00

0.00 0.00
1,925,625.00

0.00 0.00

0.00 89236TJH9 TOYOTA MOTOR CREDIT
CORP 0.5 06/18/2024
06/15/2021
06/18/2021

0.00 1,138,643.40

0.00 (1,138,643.40)

0.00 2,580.83
2,850.00

0.00 269.17

0.00 0.00

0.00 269.17
269.17
89236TKJ3 TOYOTA MOTOR CREDIT
CORP 4.55 09/20/2027
06/20/2024
06/21/2024
1,000,000.00

0.00 989,900.00

0.00 (11,501.39)
12,765.28
1,263.89

0.00 0.00

0.00 1,263.89
1,263.89
89240BAC2 TAOT 2021-A A3 0.26
05/15/2025
02/02/2021
02/08/2021

0.00 7,309.87

0.00 (7,309.87)

0.00 0.84

1.58 0.00

0.74 0.00

0.00 0.00

0.74 0.74
91159HHX1 US BANCORP 2.4 07/30/2024
11/09/2021
11/12/2021
1,000,000.00
1,041,550.00

0.00 0.00
1,041,550.00
8,066.67

0.00 10,066.67
2,000.00

0.00 0.00

0.00 2,000.00
2,000.00
912797GB7 UNITED STATES TREASURY
07/11/2024
01/16/2024
01/17/2024
2,750,000.00
2,682,875.25

0.00 0.00
2,682,875.25

0.00 0.00

0.00 912797HT7 UNITED STATES TREASURY
06/06/2024
03/06/2024
03/07/2024

0.00 2,466,933.51

0.00 (2,466,933.51)

0.00 0.00

0.00 0.00
912797KU0 UNITED STATES TREASURY
10/17/2024
04/22/2024
04/23/2024
2,000,000.00
1,949,235.42

0.00 0.00
1,949,235.42

0.00 0.00

2.25 11/15/2027
06/07/2023
06/09/2023
1,400,000.00
1,298,937.50

0.00 0.00
1,298,937.50
1,455.16

0.00 4,023.10
2,567.93

0.00 0.00

0.00 2,567.93
2,567.93
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 3,250,000.00
3,259,882.81

0.00 0.00
3,259,882.81
16,516.39

0.00 24,508.20
7,991.80

0.00 0.00

0.00 7,991.80
7,991.80
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025
06/23/2022
06/24/2022
2,500,000.00
2,498,632.81

0.00 0.00
2,498,632.81
6,521.74

0.00 12,635.87
6,114.13

0.00 0.00

0.00 6,114.13
6,114.13
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
04/22/2024
04/23/2024
2,000,000.00
1,870,625.00

0.00 0.00
1,870,625.00
2,887.23

0.00 7,982.34
5,095.11

0.00 0.00

0.00 5,095.11
5,095.11
9128285T3 UNITED STATES TREASURY

2.625 12/31/2025
09/14/2022
09/15/2022
2,500,000.00
2,412,792.97

0.00 0.00
2,412,792.97
27,584.13

0.00 178.33
(27,405.81)

0.00 0.00

0.00 (27,405.81)
(27,405.81)
9128286L9 UNITED STATES TREASURY

2.25 03/31/2026
09/14/2022
09/15/2022
2,500,000.00
2,377,832.03

0.00 0.00
2,377,832.03
9,528.69

0.00 14,139.34
4,610.66

0.00 0.00

0.00 4,610.66
4,610.66
912828M56 UNITED STATES TREASURY

2.25 11/15/2025
06/23/2022
06/24/2022
2,500,000.00
2,431,152.34

0.00 0.00
2,431,152.34
2,598.51

0.00 7,184.10
4,585.60

0.00 0.00

0.00 4,585.60
4,585.60
912828U24 UNITED STATES TREASURY 2.0
11/15/2026
09/13/2023
09/14/2023
3,000,000.00
2,767,031.25

0.00 0.00
2,767,031.25
2,771.74

0.00 7,663.04
4,891.30

0.00 0.00

0.00 4,891.30
4,891.30
912828YM6 UNITED STATES TREASURY 1.5
10/31/2024
09/24/2021
09/27/2021
1,700,000.00
1,749,273.44

0.00 0.00
1,749,273.44
2,217.39

0.00 4,296.20
2,078.80

0.00 0.00

1.75 12/31/2026
12/27/2023
12/28/2023
1,750,000.00
1,641,240.23

0.00 0.00
1,641,240.23
12,872.60

0.00 83.22
(12,789.38)

0.00 0.00

0.00 (12,789.38)
(12,789.38)
912828Z52 UNITED STATES TREASURY

1.375 01/31/2025
06/04/2021
06/07/2021
2,000,000.00
2,062,500.00

0.00 0.00
2,062,500.00
9,217.03

0.00 11,483.52
2,266.48

0.00 0.00

0.00 2,266.48
2,266.48
912828ZC7 UNITED STATES TREASURY

1.125 02/28/2025
02/09/2022
02/10/2022
1,200,000.00
1,183,359.38

0.00 0.00
1,183,359.38
3,411.68

0.00 4,512.23
1,100.54

0.00 0.00

0.00 1,100.54
1,100.54
912828ZF0 UNITED STATES TREASURY 0.5
03/31/2025
03/03/2021
03/04/2021
2,000,000.00
1,997,031.25

0.00 0.00
1,997,031.25
1,693.99

0.00 2,513.66
819.67

0.00 0.00

0.00 819.67
819.67
912828ZL7 UNITED STATES TREASURY

0.375 04/30/2025
04/12/2021
04/13/2021
2,000,000.00
1,977,343.75

0.00 0.00
1,977,343.75
652.17

0.00 1,263.59
611.41

0.00 0.00

0.00 611.41
611.41
912828ZT0 UNITED STATES TREASURY

0.25 05/31/2025
10/14/2021
10/15/2021
1,800,000.00
1,765,757.81

0.00 0.00
1,765,757.81

12.30 0.00
381.15
368.85

0.00 0.00

0.00 368.85
368.85
91282CAB7 UNITED STATES TREASURY

0.25 07/31/2025
12/02/2021
12/03/2021
2,000,000.00
1,942,031.25

0.00 0.00
1,942,031.25
1,675.82

0.00 2,087.91
412.09

0.00 0.00

0.00 412.09
412.09
91282CAJ0 UNITED STATES TREASURY

0.25 08/31/2025
03/22/2022
03/23/2022
1,000,000.00
928,828.13

0.00 0.00
928,828.13
631.79

0.00 835.60
203.80

0.00 0.00

0.00 203.80
203.80
91282CCT6 UNITED STATES TREASURY

0.375 08/15/2024
08/26/2021
08/27/2021
2,000,000.00
1,995,234.38

0.00 0.00
1,995,234.38
2,204.67

0.00 2,822.80
618.13

0.00 0.00

0.375 09/15/2024
09/10/2021
09/15/2021
1,800,000.00
1,796,484.38

0.00 0.00
1,796,484.38
1,430.71

0.00 1,980.98
550.27

0.00 0.00

0.00 550.27
550.27
91282CDH1 UNITED STATES TREASURY

0.75 11/15/2024
11/29/2021
11/30/2021
2,000,000.00
1,996,328.13

0.00 0.00
1,996,328.13
692.93

0.00 1,915.76
1,222.83

0.00 0.00

0.00 1,222.83
1,222.83
91282CDN8 UNITED STATES TREASURY 1.0
12/15/2024
12/29/2021
12/30/2021
900,000.00
900,386.72

0.00 0.00
900,386.72
4,155.74
4,500.00
393.44
737.70

0.00 0.00

0.00 737.70
737.70
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
11/17/2022
11/18/2022
2,500,000.00
2,349,414.06

0.00 0.00
2,349,414.06
10,587.43

0.00 15,710.38
5,122.95

0.00 0.00

0.00 5,122.95
5,122.95
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027
12/12/2022
12/13/2022
1,300,000.00
1,266,687.50

0.00 0.00
1,266,687.50
17,758.93

0.00 114.81
(17,644.12)

0.00 0.00

0.00 (17,644.12)
(17,644.12)
91282CFB2 UNITED STATES TREASURY

2.75 07/31/2027
07/26/2023
07/27/2023
2,000,000.00
1,887,109.38

0.00 0.00
1,887,109.38
18,434.07

0.00 22,967.03
4,532.97

0.00 0.00

0.00 4,532.97
4,532.97
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
01/24/2023
01/25/2023
2,500,000.00
2,445,117.19

0.00 0.00
2,445,117.19
19,743.55

0.00 26,112.43
6,368.89

0.00 0.00

0.00 6,368.89
6,368.89
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
02/22/2023
02/28/2023
1,600,000.00
1,595,500.00

0.00 0.00
1,595,500.00
11,180.33

0.00 16,590.16
5,409.84

0.00 0.00

0.00 5,409.84
5,409.84
91282CGV7 UNITED STATES TREASURY

3.75 04/15/2026
03/20/2024
03/21/2024
2,000,000.00
1,965,703.13

0.00 0.00
1,965,703.13
9,631.15

0.00 15,778.69
6,147.54

0.00 0.00

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
Total Fixed Income 147,732,581.95
145,058,776.80
6,918,394.46
(6,688,033.07)
145,289,138.19
1,009,134.63
308,025.50
987,598.29
286,489.16

0.00 0.00

0.00 286,489.16 286,489.16
TOTAL PORTFOLIO 148,209,331.41
145,448,438.79
13,861,455.84
(13,612,784.70)
145,765,887.65
1,009,134.63
314,735.82
987,598.29
293,199.48

0.00 0.00

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JULY 2024
07/01/2024 Dividend 31846V567 0.00 5,200.40 5,200.40
07/01/2024 Dividend 31846V567 0.00 1,037.64 1,037.64
07/01/2024 Coupon 912828YX2 0.00 UNITED STATES TREASURY 1.75 12/31/2026 15,312.50 15,312.50 07/01/2024 Coupon 9128285T3 0.00 UNITED STATES TREASURY 2.625 12/31/2025 32,812.50 32,812.50 07/01/2024 Coupon 91282CEW7 0.00 UNITED STATES TREASURY 3.25 06/30/2027 21,125.00 21,125.00 07/08/2024 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 07/08/2024 Coupon 3133ENKS8 755,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.125 01/06/2025 4,246.88 4,246.88
07/11/2024 Final Maturity 912797GB7 2,750,000.00 UNITED STATES TREASURY 07/11/2024 2,750,000.00 2,750,000.00 07/12/2024 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
07/15/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 07/15/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 07/15/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 07/15/2024 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 38,041.67 38,041.67
07/15/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 07/15/2024 Coupon 44933LAC7 13,833.86 HART 2021-A A3 0.38 09/15/2025 4.71 4.71 07/15/2024 Effective Maturity 44933LAC7 13,833.86 HART 2021-A A3 0.38 09/15/2025 14,857.75 14,857.75 07/15/2024 Coupon 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 79.64 79.64 07/15/2024 Principal Paydown 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 36,971.56 36,971.56 07/15/2024 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 437.61 437.61 07/15/2024 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 19,851.82 19,851.82 07/15/2024 Coupon 47788UAC6 31,825.53 JDOT 2021 A3 0.36 09/15/2025 9.55 9.55 07/15/2024 Principal Paydown 47788UAC6 31,825.53 JDOT 2021 A3 0.36 09/15/2025 8,698.64 8,698.64 07/15/2024 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 52.88 52.88 07/15/2024 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 10,113.84 10,113.84 07/15/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 07/15/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 07/15/2024 Coupon 79466LAG9 200,000.00 SALESFORCE INC 0.625 07/15/2024 625.00 625.00 07/15/2024 Final Maturity 79466LAG9 200,000.00 SALESFORCE INC 0.625 07/15/2024 200,000.00 200,000.00 196
| 38
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/16/2024 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 63.98 63.98 07/16/2024 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 9,881.22 9,881.22 07/16/2024 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 921.48 921.48 07/16/2024 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 21,495.47 21,495.47 07/16/2024 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 120.85 120.85 07/16/2024 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 9,911.53 9,911.53 07/17/2024 Coupon 61747YET8 1,000,000.00 MORGAN STANLEY 4.679 07/17/2026 23,395.00 23,395.00 07/18/2024 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 1,009.53 1,009.53 07/18/2024 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 24,065.45 24,065.45 07/19/2024 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 07/22/2024 Coupon 3133EPW68 1,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.125 01/22/2026 28,875.00 28,875.00
07/22/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 07/22/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 07/22/2024 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 96.70 96.70 07/22/2024 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 13,928.97 13,928.97 07/22/2024 Coupon 78016EYM3 1,000,000.00 ROYAL BANK OF CANADA 1.6 01/21/2025 8,000.00 8,000.00 07/25/2024 Coupon 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 587.05 587.05 07/25/2024 Principal Paydown 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 23,217.75 23,217.75 07/25/2024 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 582.55 582.55 07/25/2024 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 19,285.33 19,285.33 07/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 07/25/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 3,798.67 3,798.67 07/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,371.40 3,371.40 07/25/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 07/25/2024 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,477.19 2,477.19 07/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.89 2,463.89 07/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 07/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 07/25/2024 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,319.79 3,319.79 07/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 197
| 39
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/30/2024 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 50,000.00 50,000.00
07/30/2024 Coupon 91159HHX1 1,000,000.00 US BANCORP 2.4 07/30/2024 12,000.00 12,000.00 07/30/2024 Final Maturity 91159HHX1 1,000,000.00 US BANCORP 2.4 07/30/2024 1,000,000.00 1,000,000.00 07/31/2024 Coupon 912828Z52 2,000,000.00 UNITED STATES TREASURY 1.375 01/31/2025 13,750.00 13,750.00 07/31/2024 Coupon 91282CAB7 2,000,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,500.00 2,500.00 07/31/2024 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 July 2024 Total 4,168,517.37 400,628.77 4,569,146.15
AUGUST 2024
08/06/2024 Coupon 857477BR3 335,000.00 STATE STREET CORP 1.746 02/06/2026 2,924.55 2,924.55 08/09/2024 Coupon 69371RR40 245,000.00 PACCAR FINANCIAL CORP 0.5 08/09/2024 612.50 612.50 08/09/2024 Final Maturity 69371RR40 245,000.00 PACCAR FINANCIAL CORP 0.5 08/09/2024 245,000.00 245,000.00 08/12/2024 Coupon 14913R2Z9 1,375,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.65 08/12/2025 25,093.75 25,093.75
08/12/2024 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 08/14/2024 Coupon 3133ENPG9 1,200,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.75 02/14/2025 10,500.00 10,500.00
08/14/2024 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
08/15/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 08/15/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 08/15/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 08/15/2024 Coupon 26442UAA2 1,000,000.00 DUKE ENERGY PROGRESS LLC 3.25 08/15/2025 16,250.00 16,250.00 08/15/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 08/15/2024 Coupon 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 61.47 61.47 08/15/2024 Principal Paydown 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 35,735.53 35,735.53 08/15/2024 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 399.23 399.23 08/15/2024 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 17,736.40 17,736.40 08/15/2024 Coupon 47788UAC6 31,825.53 JDOT 2021 A3 0.36 09/15/2025 6.94 6.94 08/15/2024 Principal Paydown 47788UAC6 31,825.53 JDOT 2021 A3 0.36 09/15/2025 10,152.83 10,152.83 08/15/2024 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 48.50 48.50 08/15/2024 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 11,022.94 11,022.94 198
| 40
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 08/15/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 08/15/2024 Coupon 91282CCT6 2,000,000.00 UNITED STATES TREASURY 0.375 08/15/2024 3,750.00 3,750.00 08/15/2024 Final Maturity 91282CCT6 2,000,000.00 UNITED STATES TREASURY 0.375 08/15/2024 2,000,000.00 2,000,000.00 08/16/2024 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 58.38 58.38 08/16/2024 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 9,576.13 9,576.13 08/16/2024 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 856.27 856.27 08/16/2024 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 20,536.74 20,536.74 08/16/2024 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 110.45 110.45 08/16/2024 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 9,412.15 9,412.15 08/19/2024 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 27,630.00 27,630.00 08/19/2024 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 934.73 934.73 08/19/2024 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 23,267.85 23,267.85 08/20/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 08/20/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 08/21/2024 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 86.48 86.48 08/21/2024 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 13,531.38 13,531.38 08/23/2024 Coupon 037833BY5 1,000,000.00 APPLE INC 3.25 02/23/2026 16,250.00 16,250.00 08/26/2024 Coupon 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 487.22 487.22 08/26/2024 Principal Paydown 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 20,406.44 20,406.44 08/26/2024 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 530.96 530.96 08/26/2024 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 18,581.43 18,581.43 08/26/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 08/26/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 08/26/2024 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 08/26/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,371.40 3,371.40 08/26/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 30,282.40 30,282.40 08/26/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 08/26/2024 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,472.15 2,472.15 08/26/2024 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,708.41 1,708.41 08/26/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 08/26/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 199
| 41
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/26/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 08/26/2024 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,318.61 3,318.61 08/26/2024 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 1,967.09 1,967.09 08/26/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 August 2024 Total 2,468,917.72 288,983.35 2,757,901.07
SEPTEMBER 2024
09/03/2024 Coupon 912828ZC7 1,200,000.00 UNITED STATES TREASURY 1.125 02/28/2025 6,750.00 6,750.00 09/03/2024 Coupon 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,250.00 1,250.00 09/03/2024 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 09/06/2024 Coupon 21684XH82 2,000,000.00 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH 5.9 09/06/2024 119,638.89 119,638.89
09/06/2024 Final Maturity 21684XH82 2,000,000.00 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH 5.9 09/06/2024 2,000,000.00 2,000,000.00
09/11/2024 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
09/13/2024 Coupon 3130B0ZP7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.875 03/13/2026 19,500.00 19,500.00
09/16/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 09/16/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 09/16/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 09/16/2024 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 52.96 52.96 09/16/2024 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 9,375.66 9,375.66 09/16/2024 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 793.98 793.98 09/16/2024 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 19,256.80 19,256.80 09/16/2024 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 100.56 100.56 09/16/2024 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 9,194.11 9,194.11 09/16/2024 Coupon 437076CR1 1,000,000.00 HOME DEPOT INC 4.0 09/15/2025 20,000.00 20,000.00 09/16/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 09/16/2024 Coupon 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 43.90 43.90 09/16/2024 Principal Paydown 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 34,843.74 34,843.74 09/16/2024 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 364.94 364.94 09/16/2024 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 17,532.92 17,532.92 200
| 42
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/16/2024 Coupon 47788UAC6 31,825.53 JDOT 2021 A3 0.36 09/15/2025 3.89 3.89 09/16/2024 Principal Paydown 47788UAC6 31,825.53 JDOT 2021 A3 0.36 09/15/2025 10,479.09 10,479.09 09/16/2024 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 43.72 43.72 09/16/2024 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 10,879.40 10,879.40 09/16/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 09/16/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 09/16/2024 Coupon 91282CCX7 1,800,000.00 UNITED STATES TREASURY 0.375 09/15/2024 3,375.00 3,375.00 09/16/2024 Final Maturity 91282CCX7 1,800,000.00 UNITED STATES TREASURY 0.375 09/15/2024 1,800,000.00 1,800,000.00 09/18/2024 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 862.41 862.41 09/18/2024 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 22,689.50 22,689.50 09/18/2024 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 09/20/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 09/20/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 09/20/2024 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 09/23/2024 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
09/23/2024 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 76.56 76.56 09/23/2024 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 13,183.79 13,183.79 09/23/2024 Coupon 4581X0DZ8 1,585,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.5 09/23/2024 3,962.50 3,962.50
09/23/2024 Final Maturity 4581X0DZ8 1,585,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.5 09/23/2024 1,585,000.00 1,585,000.00
09/25/2024 Coupon 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 399.47 399.47 09/25/2024 Principal Paydown 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 18,646.81 18,646.81 09/25/2024 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 481.26 481.26 09/25/2024 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 17,148.07 17,148.07 09/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 09/25/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 09/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,287.92 3,287.92 09/25/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,421.47 2,421.47 09/25/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 09/25/2024 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,467.38 2,467.38 201
| 43
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/25/2024 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,713.89 1,713.89 09/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 09/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 09/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 09/25/2024 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,313.39 3,313.39 09/25/2024 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 1,973.49 1,973.49 09/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 09/26/2024 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
09/30/2024 Coupon 9128285C0 3,250,000.00 UNITED STATES TREASURY 3.0 09/30/2025 48,750.00 48,750.00 09/30/2024 Coupon 9128286L9 2,500,000.00 UNITED STATES TREASURY 2.25 03/31/2026 28,125.00 28,125.00 09/30/2024 Coupon 912828ZF0 2,000,000.00 UNITED STATES TREASURY 0.5 03/31/2025 5,000.00 5,000.00 09/30/2024 Coupon 91282CEF4 2,500,000.00 UNITED STATES TREASURY 2.5 03/31/2027 31,250.00 31,250.00 09/30/2024 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 September 2024
Total 5,574,338.73 642,981.13 6,217,319.87
OCTOBER 2024
10/09/2024 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,229.17 35,229.17 10/10/2024 Coupon 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 16,875.00 16,875.00
10/15/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 10/15/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 10/15/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 10/15/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 10/15/2024 Coupon 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 26.76 26.76 10/15/2024 Principal Paydown 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 33,473.35 33,473.35 10/15/2024 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 331.04 331.04 10/15/2024 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 19,393.34 19,393.34 10/15/2024 Coupon 47788UAC6 31,825.53 JDOT 2021 A3 0.36 09/15/2025 0.75 0.75 10/15/2024 Effective Maturity 47788UAC6 31,825.53 JDOT 2021 A3 0.36 09/15/2025 2,494.97 2,494.97 10/15/2024 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 39.01 39.01 10/15/2024 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 11,413.98 11,413.98 202
| 44
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 10/15/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 10/15/2024 Coupon 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 37,500.00 37,500.00 10/16/2024 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 47.65 47.65 10/16/2024 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 9,017.58 9,017.58 10/16/2024 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 735.57 735.57 10/16/2024 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 18,387.03 18,387.03 10/16/2024 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 90.91 90.91 10/16/2024 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 8,824.91 8,824.91 10/17/2024 Final Maturity 912797KU0 2,000,000.00 UNITED STATES TREASURY 10/17/2024 2,000,000.00 2,000,000.00 10/18/2024 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 791.88 791.88 10/18/2024 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 21,826.51 21,826.51 10/21/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 10/21/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 10/21/2024 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 66.89 66.89 10/21/2024 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 12,698.62 12,698.62 10/25/2024 Coupon 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 319.29 319.29 10/25/2024 Principal Paydown 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 17,556.43 17,556.43 10/25/2024 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 435.39 435.39 10/25/2024 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 16,393.37 16,393.37 10/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 10/25/2024 Coupon 06406RBC0 900,000.00 BANK OF NEW YORK MELLON CORP 3.35 04/25/2025 15,075.00 15,075.00
10/25/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 10/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,281.25 3,281.25 10/25/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,583.07 2,583.07 10/25/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 10/25/2024 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,462.60 2,462.60 10/25/2024 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,824.99 1,824.99 10/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 10/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 10/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 203
| 45
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/25/2024 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,308.15 3,308.15 10/25/2024 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 2,116.47 2,116.47 10/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 10/31/2024 Coupon 9128285J5 2,500,000.00 UNITED STATES TREASURY 3.0 10/31/2025 37,500.00 37,500.00 10/31/2024 Coupon 912828YM6 1,700,000.00 UNITED STATES TREASURY 1.5 10/31/2024 12,750.00 12,750.00 10/31/2024 Final Maturity 912828YM6 1,700,000.00 UNITED STATES TREASURY 1.5 10/31/2024 1,700,000.00 1,700,000.00 10/31/2024 Coupon 912828ZL7 2,000,000.00 UNITED STATES TREASURY 0.375 04/30/2025 3,750.00 3,750.00 October 2024
Total 3,878,004.60 217,121.05 4,095,125.66
NOVEMBER 2024
11/01/2024 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
11/04/2024 Coupon 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 16,750.00 16,750.00 11/08/2024 Coupon 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 23,750.00 23,750.00
11/12/2024 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 11/12/2024 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 13,068.75 13,068.75 11/13/2024 Coupon 14913R2V8 480,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.4 05/13/2025 8,160.00 8,160.00
11/15/2024 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
11/15/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 11/15/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 11/15/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 11/15/2024 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 11/15/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 11/15/2024 Coupon 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 10.31 10.31 11/15/2024 Effective Maturity 44934KAC8 159,505.61 HART 2021-B A3 0.38 01/15/2026 20,963.08 20,963.08 11/15/2024 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 293.55 293.55 11/15/2024 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 20,792.39 20,792.39 11/15/2024 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 34.06 34.06 11/15/2024 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 13,557.06 13,557.06 11/15/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 204
| 46
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/15/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 11/15/2024 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 11/15/2024 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/15/2024 Coupon 912828M56 2,500,000.00 UNITED STATES TREASURY 2.25 11/15/2025 28,125.00 28,125.00 11/15/2024 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 11/15/2024 Coupon 91282CDH1 2,000,000.00 UNITED STATES TREASURY 0.75 11/15/2024 7,500.00 7,500.00 11/15/2024 Final Maturity 91282CDH1 2,000,000.00 UNITED STATES TREASURY 0.75 11/15/2024 2,000,000.00 2,000,000.00 11/18/2024 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
11/18/2024 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 42.54 42.54 11/18/2024 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 8,810.65 8,810.65 11/18/2024 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 679.79 679.79 11/18/2024 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 17,936.52 17,936.52 11/18/2024 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 81.64 81.64 11/18/2024 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 8,621.69 8,621.69 11/18/2024 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 724.03 724.03 11/18/2024 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 21,291.14 21,291.14 11/20/2024 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
11/20/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 11/20/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 11/21/2024 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 57.58 57.58 11/21/2024 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 12,359.86 12,359.86 11/25/2024 Coupon 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 243.80 243.80 11/25/2024 Principal Paydown 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 18,574.41 18,574.41 11/25/2024 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 391.53 391.53 11/25/2024 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 15,909.25 15,909.25 11/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 11/25/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 11/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,274.13 3,274.13 11/25/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,439.36 2,439.36 11/25/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 205
| 47
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2024 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,457.51 2,457.51 11/25/2024 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,725.24 1,725.24 11/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 11/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 11/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 11/25/2024 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,302.52 3,302.52 11/25/2024 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 1,986.81 1,986.81 11/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 November 2024
Total 2,164,967.46 376,170.26 2,541,137.72
DECEMBER 2024
12/02/2024 Coupon 023135CN4 425,000.00 AMAZON.COM INC 4.6 12/01/2025 9,775.00 9,775.00 12/02/2024 Coupon 438516CB0 1,000,000.00 HONEYWELL INTERNATIONAL INC 1.35 06/01/2025 6,750.00 6,750.00
12/02/2024 Coupon 912828ZT0 1,800,000.00 UNITED STATES TREASURY 0.25 05/31/2025 2,250.00 2,250.00 12/06/2024 Coupon 89115A2A9 1,000,000.00 TORONTO-DOMINION BANK 3.766 06/06/2025 18,830.00 18,830.00 12/09/2024 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 12/09/2024 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 12/09/2024 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 40,241.25 40,241.25 12/12/2024 Coupon 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 47,500.00 47,500.00 12/16/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 12/16/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 12/16/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 12/16/2024 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 37.54 37.54 12/16/2024 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 8,393.09 8,393.09 12/16/2024 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 625.39 625.39 12/16/2024 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 16,891.79 16,891.79 12/16/2024 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 72.59 72.59 12/16/2024 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 8,173.35 8,173.35 12/16/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 12/16/2024 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 253.35 253.35 12/16/2024 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 14,834.06 14,834.06 206
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Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/16/2024 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 28.19 28.19 12/16/2024 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 9,685.69 9,685.69 12/16/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 12/16/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 12/16/2024 Coupon 63743HFE7 1,105,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 19,061.25 19,061.25
12/16/2024 Coupon 91282CDN8 900,000.00 UNITED STATES TREASURY 1.0 12/15/2024 4,500.00 4,500.00 12/16/2024 Final Maturity 91282CDN8 900,000.00 UNITED STATES TREASURY 1.0 12/15/2024 900,000.00 900,000.00 12/18/2024 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 657.85 657.85 12/18/2024 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 20,304.44 20,304.44 12/20/2024 Coupon 3130AQF40 1,400,000.00 FEDERAL HOME LOAN BANKS 1.0 12/20/2024 7,000.00 7,000.00 12/20/2024 Final Maturity 3130AQF40 1,400,000.00 FEDERAL HOME LOAN BANKS 1.0 12/20/2024 1,400,000.00 1,400,000.00 12/20/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 12/20/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 12/20/2024 Coupon 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 27,000.00 27,000.00 12/23/2024 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 48.52 48.52 12/23/2024 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 11,812.93 11,812.93 12/25/2024 Coupon 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 163.93 163.93 12/25/2024 Principal Paydown 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 19,131.88 19,131.88 12/25/2024 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 348.98 348.98 12/25/2024 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 15,092.19 15,092.19 12/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 12/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,267.40 3,267.40 12/25/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,600.42 2,600.42 12/25/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 12/25/2024 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,452.70 2,452.70 12/25/2024 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,835.95 1,835.95 12/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 12/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 12/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 12/25/2024 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,297.25 3,297.25 12/25/2024 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 2,129.34 2,129.34 207
| 49
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 12/26/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 12/26/2024 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 12/31/2024 Coupon 9128285T3 2,500,000.00 UNITED STATES TREASURY 2.625 12/31/2025 32,812.50 32,812.50 12/31/2024 Coupon 912828YX2 1,750,000.00 UNITED STATES TREASURY 1.75 12/31/2026 15,312.50 15,312.50 12/31/2024 Coupon 91282CEW7 1,300,000.00 UNITED STATES TREASURY 3.25 06/30/2027 21,125.00 21,125.00 December 2024
Total 2,430,885.14 388,953.44 2,819,838.58
JANUARY 2025
01/06/2025 Coupon 3133ENKS8 755,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.125 01/06/2025 4,246.88 4,246.88
01/06/2025 Final Maturity 3133ENKS8 755,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.125 01/06/2025 755,000.00 755,000.00
01/08/2025 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 01/13/2025 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
01/15/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 01/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 01/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 01/15/2025 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 41,250.00 41,250.00
01/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 01/15/2025 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 224.67 224.67 01/15/2025 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 17,401.32 17,401.32 01/15/2025 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 23.99 23.99 01/15/2025 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 17,491.60 17,491.60 01/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 01/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 01/16/2025 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 32.79 32.79 01/16/2025 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 8,234.20 8,234.20 01/16/2025 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 574.15 574.15 01/16/2025 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 16,538.15 16,538.15 01/16/2025 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 64.01 64.01 208
| 50
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/16/2025 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 8,024.85 8,024.85 01/17/2025 Coupon 61747YET8 1,000,000.00 MORGAN STANLEY 4.679 07/17/2026 23,395.00 23,395.00 01/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 01/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 01/20/2025 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 594.74 594.74 01/20/2025 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 19,891.32 19,891.32 01/21/2025 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 39.85 39.85 01/21/2025 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 11,533.61 11,533.61 01/21/2025 Coupon 78016EYM3 1,000,000.00 ROYAL BANK OF CANADA 1.6 01/21/2025 8,000.00 8,000.00 01/21/2025 Final Maturity 78016EYM3 1,000,000.00 ROYAL BANK OF CANADA 1.6 01/21/2025 1,000,000.00 1,000,000.00 01/21/2025 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 01/22/2025 Coupon 3133EPW68 1,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.125 01/22/2026 28,875.00 28,875.00
01/27/2025 Coupon 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 81.66 81.66 01/27/2025 Principal Paydown 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 18,133.85 18,133.85 01/27/2025 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 308.61 308.61 01/27/2025 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 14,723.13 14,723.13 01/27/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 01/27/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 01/27/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,260.24 3,260.24 01/27/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,457.38 2,457.38 01/27/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 01/27/2025 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,447.58 2,447.58 01/27/2025 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,736.66 1,736.66 01/27/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 01/27/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 01/27/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 01/27/2025 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,291.59 3,291.59 01/27/2025 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 2,000.22 2,000.22 01/27/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 01/30/2025 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/31/2025 Final Maturity 89233GNX0 2,000,000.00 Toyota Motor Credit Corporation 01/31/2025 2,000,000.00 2,000,000.00 01/31/2025 Coupon 912828Z52 2,000,000.00 UNITED STATES TREASURY 1.375 01/31/2025 13,750.00 13,750.00 01/31/2025 Final Maturity 912828Z52 2,000,000.00 UNITED STATES TREASURY 1.375 01/31/2025 2,000,000.00 2,000,000.00 01/31/2025 Coupon 91282CAB7 2,000,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,500.00 2,500.00 01/31/2025 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 January 2025 Total 5,893,166.27 318,562.38 6,211,728.65 FEBRUARY 2025
02/06/2025 Coupon 857477BR3 335,000.00 STATE STREET CORP 1.746 02/06/2026 2,924.55 2,924.55 02/10/2025 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 02/12/2025 Coupon 14913R2Z9 1,375,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.65 08/12/2025 25,093.75 25,093.75
02/14/2025 Coupon 3133ENPG9 1,200,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.75 02/14/2025 10,500.00 10,500.00
02/14/2025 Final Maturity 3133ENPG9 1,200,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.75 02/14/2025 1,200,000.00 1,200,000.00
02/14/2025 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
02/17/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 02/17/2025 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 28.12 28.12 02/17/2025 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 8,116.23 8,116.23 02/17/2025 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 523.98 523.98 02/17/2025 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 16,300.83 16,300.83 02/17/2025 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 55.58 55.58 02/17/2025 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 7,918.19 7,918.19 02/17/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 02/17/2025 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 191.03 191.03 02/17/2025 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 13,163.52 13,163.52 02/17/2025 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 16.41 16.41 02/17/2025 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 15,507.09 15,507.09 02/17/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 02/17/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 02/18/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 210
| 52
Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/18/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 02/18/2025 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 27,630.00 27,630.00 02/18/2025 Coupon 26442UAA2 1,000,000.00 DUKE ENERGY PROGRESS LLC 3.25 08/15/2025 16,250.00 16,250.00 02/18/2025 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 532.91 532.91 02/18/2025 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 19,555.31 19,555.31 02/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 02/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 02/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 14,574.70 14,574.70 02/21/2025 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 31.39 31.39 02/21/2025 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 11,296.28 11,296.28 02/24/2025 Coupon 037833BY5 1,000,000.00 APPLE INC 3.25 02/23/2026 16,250.00 16,250.00 02/25/2025 Coupon 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 3.68 3.68 02/25/2025 Effective Maturity 05593AAC3 136,524.16 BMWLT 2023-1 A3 5.16 11/25/2025 856.59 856.59 02/25/2025 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 269.22 269.22 02/25/2025 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 13,056.19 13,056.19 02/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 02/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 02/25/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,253.46 3,253.46 02/25/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 17,851.12 17,851.12 02/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 02/25/2025 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,442.74 2,442.74 02/25/2025 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,742.22 1,742.22 02/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 02/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 02/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 02/25/2025 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,286.28 3,286.28 02/25/2025 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 2,006.72 2,006.72 02/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 02/26/2025 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 02/28/2025 Coupon 912828ZC7 1,200,000.00 UNITED STATES TREASURY 1.125 02/28/2025 6,750.00 6,750.00 02/28/2025 Final Maturity 912828ZC7 1,200,000.00 UNITED STATES TREASURY 1.125 02/28/2025 1,200,000.00 1,200,000.00 02/28/2025 Coupon 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,250.00 1,250.00 211
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Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/28/2025 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 February 2025
Total 2,541,944.99 329,575.37 2,871,520.36
MARCH 2025
03/04/2025 Final Maturity 62479LQ40 2,700,000.00 MUFG Bank, Ltd. - New York Branch 03/04/2025 2,700,000.00 2,700,000.00
03/11/2025 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
03/13/2025 Coupon 3130B0ZP7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.875 03/13/2026 24,375.00 24,375.00
03/17/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 03/17/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 03/17/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 03/17/2025 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 23.52 23.52 03/17/2025 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 7,903.54 7,903.54 03/17/2025 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 474.54 474.54 03/17/2025 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 15,022.32 15,022.32 03/17/2025 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 47.27 47.27 03/17/2025 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 7,683.91 7,683.91 03/17/2025 Coupon 437076CR1 1,000,000.00 HOME DEPOT INC 4.0 09/15/2025 20,000.00 20,000.00 03/17/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 03/17/2025 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 165.58 165.58 03/17/2025 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 10,754.60 10,754.60 03/17/2025 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 9.69 9.69 03/17/2025 Principal Paydown 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 13,052.63 13,052.63 03/17/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 03/17/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 03/18/2025 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 472.13 472.13 03/18/2025 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 18,991.51 18,991.51 03/18/2025 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 03/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 03/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,189.99 1,189.99 212
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Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 22,098.36 22,098.36 03/20/2025 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 03/21/2025 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 23.11 23.11 03/21/2025 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 10,963.70 10,963.70 03/24/2025 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
03/25/2025 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 234.30 234.30 03/25/2025 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 12,341.08 12,341.08 03/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 03/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 03/25/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,204.25 3,204.25 03/25/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,887.67 2,887.67 03/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 03/25/2025 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,437.88 2,437.88 03/25/2025 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,061.48 2,061.48 03/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 03/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 03/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 03/25/2025 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,280.95 3,280.95 03/25/2025 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 2,419.23 2,419.23 03/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 03/26/2025 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
03/31/2025 Coupon 9128285C0 3,250,000.00 UNITED STATES TREASURY 3.0 09/30/2025 48,750.00 48,750.00 03/31/2025 Coupon 9128286L9 2,500,000.00 UNITED STATES TREASURY 2.25 03/31/2026 28,125.00 28,125.00 03/31/2025 Coupon 912828ZF0 2,000,000.00 UNITED STATES TREASURY 0.5 03/31/2025 5,000.00 5,000.00 03/31/2025 Final Maturity 912828ZF0 2,000,000.00 UNITED STATES TREASURY 0.5 03/31/2025 2,000,000.00 2,000,000.00 03/31/2025 Coupon 91282CEF4 2,500,000.00 UNITED STATES TREASURY 2.5 03/31/2027 31,250.00 31,250.00 03/31/2025 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 March 2025 Total 4,826,180.04 471,832.77 5,298,012.81
APRIL 2025
04/09/2025 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 213
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Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/10/2025 Coupon 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 16,875.00 16,875.00
04/15/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 04/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 04/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 04/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 04/15/2025 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 144.78 144.78 04/15/2025 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 13,675.78 13,675.78 04/15/2025 Coupon 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 4.03 4.03 04/15/2025 Effective Maturity 47789QAC4 122,032.74 JDOT 2021-B A3 0.52 03/16/2026 9,308.51 9,308.51 04/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 04/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 04/15/2025 Coupon 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 37,500.00 37,500.00 04/16/2025 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 19.04 19.04 04/16/2025 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 8,127.29 8,127.29 04/16/2025 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 428.97 428.97 04/16/2025 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 15,481.01 15,481.01 04/16/2025 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 39.20 39.20 04/16/2025 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 7,940.03 7,940.03 04/18/2025 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 413.10 413.10 04/18/2025 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 19,289.17 19,289.17 04/21/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 04/21/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,090.92 1,090.92 04/21/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 37,433.99 37,433.99 04/21/2025 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 15.07 15.07 04/21/2025 Principal Paydown 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 10,997.11 10,997.11 04/25/2025 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 201.28 201.28 04/25/2025 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 12,648.68 12,648.68 04/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 04/25/2025 Coupon 06406RBC0 900,000.00 BANK OF NEW YORK MELLON CORP 3.35 04/25/2025 15,075.00 15,075.00
214
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Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/25/2025 Final Maturity 06406RBC0 900,000.00 BANK OF NEW YORK MELLON CORP 3.35 04/25/2025 900,000.00 900,000.00
04/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 04/25/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,196.29 3,196.29 04/25/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 25,110.69 25,110.69 04/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 04/25/2025 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,432.13 2,432.13 04/25/2025 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,754.45 1,754.45 04/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 04/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 04/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 04/25/2025 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,274.53 3,274.53 04/25/2025 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 2,021.18 2,021.18 04/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 04/30/2025 Coupon 9128285J5 2,500,000.00 UNITED STATES TREASURY 3.0 10/31/2025 37,500.00 37,500.00 04/30/2025 Coupon 912828ZL7 2,000,000.00 UNITED STATES TREASURY 0.375 04/30/2025 3,750.00 3,750.00 04/30/2025 Final Maturity 912828ZL7 2,000,000.00 UNITED STATES TREASURY 0.375 04/30/2025 2,000,000.00 2,000,000.00 April 2025 Total 3,063,787.89 202,833.77 3,266,621.66
MAY 2025
05/01/2025 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
05/05/2025 Coupon 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 16,750.00 16,750.00 05/06/2025 Coupon 857477BR3 335,000.00 STATE STREET CORP 1.746 02/06/2026 4,808.09 4,808.09 05/08/2025 Coupon 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 23,750.00 23,750.00
05/12/2025 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 05/12/2025 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 13,068.75 13,068.75 05/13/2025 Coupon 14913R2V8 480,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.4 05/13/2025 8,160.00 8,160.00
05/13/2025 Final Maturity 14913R2V8 480,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.4 05/13/2025 480,000.00 480,000.00
05/15/2025 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
215
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Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 05/15/2025 Final Maturity 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 905,000.00 905,000.00 05/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 05/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 05/15/2025 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 05/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 05/15/2025 Coupon 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 118.35 118.35 05/15/2025 Principal Paydown 47787JAC2 227,660.97 JDOT 2022 A3 0.36 09/15/2026 12,552.25 12,552.25 05/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 05/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.67 1,551.67 05/15/2025 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 05/15/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/15/2025 Coupon 912828M56 2,500,000.00 UNITED STATES TREASURY 2.25 11/15/2025 28,125.00 28,125.00 05/15/2025 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 05/16/2025 Coupon 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 14.44 14.44 05/16/2025 Principal Paydown 362554AC1 111,816.76 GMCAR 2021-4 A3 0.68 09/16/2026 7,860.04 7,860.04 05/16/2025 Coupon 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 382.01 382.01 05/16/2025 Principal Paydown 36265WAD5 305,892.37 GMCAR 2022-3 A3 3.64 04/16/2027 14,821.82 14,821.82 05/16/2025 Coupon 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 30.86 30.86 05/16/2025 Principal Paydown 380146AC4 115,200.25 GMCAR 2022-1 A3 1.26 11/16/2026 7,642.65 7,642.65 05/19/2025 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
05/19/2025 Coupon 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 353.14 353.14 05/19/2025 Principal Paydown 43815PAC3 325,505.06 HAROT 2022-2 A3 3.73 07/20/2026 18,604.75 18,604.75 05/20/2025 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
05/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 05/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 923.09 923.09 05/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 35,327.85 35,327.85 05/21/2025 Coupon 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 7.01 7.01 05/21/2025 Effective Maturity 43815GAC3 131,859.87 HAROT 2021-4 A3 0.88 01/21/2026 9,553.62 9,553.62 05/26/2025 Coupon 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 167.45 167.45 216
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Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/26/2025 Principal Paydown 05602RAD3 217,776.10 BMWOT 2022-A A3 3.21 08/25/2026 12,169.43 12,169.43 05/26/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 05/26/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,127.07 3,127.07 05/26/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 21,081.86 21,081.86 05/26/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 05/26/2025 Coupon 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 2,427.23 2,427.23 05/26/2025 Principal Paydown 3137BTUM1 888,148.67 FHMS K-061 A2 3.347 11/25/2026 1,864.18 1,864.18 05/26/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 05/26/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 05/26/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 05/26/2025 Coupon 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 3,269.16 3,269.16 05/26/2025 Principal Paydown 3137FBU79 1,250,000.00 FHMS K-069 A2 3.187 09/25/2027 2,162.54 2,162.54 05/26/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 05/27/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 May 2025 Total 1,528,641.00 371,449.81 1,900,090.81
Grand Total 499,454,141.90 38,539,351.22 4,009,092.10 42,548,443.32 217
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Murrieta Consolidated | Account # | As of June 30, 2024 Execution Time: 07/03/2024 07:44:26 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
Murrieta Consolidated | Account # | As of June 30, 2024 Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ice Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively. 218
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
July 16, 2024
LAIF Home
PMIA Average Monthly
Yields

CITY OF MURRIETA

FINANCE DIRECTOR
1 TOWNE SQUARE
MURRIETA, CA 92562
Tran Type Definitions

0.00 Beginning Balance: 1,910,673.89
Account Number:

June 2024 Statement
Account Summary
Total Deposit:

Total Withdrawal: 0.00 Ending Balance: 1,910,673.89
7/16/24, 3:14 PM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1 219

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 06/01/2024 THROUGH 06/30/2024

FOR QUESTIONS, PLEASE CALL YOUR CUSTOMER SERVICE OFFICER OR CUSTOMER CARE FOR BUSINESS (CC4B) SERVICE OFFICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
6-01-2024 Beginning Balance 128,760,457.65
6-03-2024 Sweep Funds Return To DDA 528,900.73
6-04-2024 Sweep Funds Return To DDA 3,958.38
6-05-2024 Sweep Funds Return To DDA 594,524.59
6-06-2024 Sweep Funds Return To DDA 61,790.44
6-07-2024 Sweep Funds Return To DDA 54,823.46
6-10-2024 Next Day Sweep Purchase 612,339.41
6-11-2024 Sweep Funds Return To DDA 759,758.61
6-12-2024 Sweep Funds Return To DDA 2,194,561.14
6-13-2024 Sweep Funds Return To DDA 211,648.74
6-14-2024 Sweep Funds Return To DDA 13,377.73
6-17-2024 Sweep Funds Return To DDA 741,619.57
6-18-2024 Sweep Funds Return To DDA 565,783.61
6-20-2024 Sweep Funds Return To DDA 297,808.63
6-21-2024 Sweep Funds Return To DDA 56,576.53
6-24-2024 Next Day Sweep Purchase 406,946.00
6-25-2024 Next Day Sweep Purchase 3,964,125.90
6-26-2024 Sweep Funds Return To DDA 1,869,004.31
6-27-2024 Next Day Sweep Purchase 59,229.93
6-28-2024 Sweep Funds Return To DDA 71,898.81
6-30-2024 Ending Balance 125,777,063.61
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 06-01* 128,231,556.92 5.245 % .000143721 18,429.57
06-02* 128,231,556.92 5.245 % .000143721 18,429.57
06-03 128,231,556.92 5.234 % .000143401 18,388.53
06-04 128,227,598.54 5.233 % .000143390 18,386.56
06-05 127,633,073.95 5.232 % .000143357 18,297.09
06-06 127,571,283.51 5.233 % .000143386 18,291.94
06-07 127,516,460.05 5.237 % .000143490 18,297.34
06-08* 127,516,460.05 5.237 % .000143490 18,297.34

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CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 2,894,528.80
Federal Withholding YTD .00
7-Day Simple Yield 5.25038 %
Federal Withholding .00
Beginning Balance 128,760,457.65
Shares Purchased 5,042,641.24 +
Shares Redeemed 8,026,035.28 -
Ending Balance 125,777,063.61
Prior Month Dividends Paid to Checking 506,451.70
Dividends Earned in Current Month 540,285.82
Funds Pending Redemption 4,885,938.63-
220

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 06-09* 127,516,460.05 5.237 % .000143490 18,297.34
06-10 128,128,799.46 5.211 % .000142782 18,294.49
06-11 127,369,040.85 5.231 % .000143329 18,255.68
06-12 125,174,479.71 5.230 % .000143298 17,937.25
06-13 124,962,830.97 5.221 % .000143045 17,875.31
06-14 124,949,453.24 5.231 % .000143326 17,908.51
06-15* 124,207,833.67 5.231 % .000143326 17,802.21
06-16* 124,207,833.67 5.231 % .000143326 17,802.21
06-17 124,207,833.67 5.238 % .000143507 17,824.69
06-18 123,642,050.06 5.240 % .000143578 17,752.28
06-19* 123,344,241.43 5.240 % .000143578 17,709.52
06-20 123,344,241.43 5.237 % .000143493 17,699.04
06-21 123,287,664.90 5.234 % .000143398 17,679.20
06-22* 123,287,664.90 5.234 % .000143398 17,679.20
06-23* 123,287,664.90 5.234 % .000143398 17,679.20
06-24 123,694,610.90 5.234 % .000143409 17,738.92
06-25 127,658,736.80 5.244 % .000143692 18,343.54
06-26 125,789,732.49 5.251 % .000143872 18,097.62
06-27 125,848,962.42 5.250 % .000143843 18,102.49
06-28 125,777,063.61 5.262 % .000144165 18,132.65
06-29* 120,891,124.98 5.262 % .000144165 17,428.27
06-30* 120,891,124.98 5.262 % .000144165 17,428.27
TOTAL MTD 540,285.83
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
06/01/2024 - 06/30/2024

Page 2 of 2 ends

Account Number - DDA
221

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/20/2024
Agenda Item No. 6.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Jennifer Terry, Finance Manager
SUBJECT:

Treasurer’s Report - Quarter 4 of Fiscal Year 2023/24

RECOMMENDATION
Receive the Fiscal Year 2023/24 Treasurer’s Reports for Quarter 4 (April - June 2024).

PRIOR ACTION/VOTE
The City Council received the Treasurer’s Report for Quarter 1 of Fiscal Year 2023/24 on November 7, 2023.

The City Council received the Treasurer’s Report for Quarter 2 of Fiscal Year 2023/24 on February 6, 2024.

The City Council received the Treasurer's Report for Quarter 3 of the Fiscal Year 2023/24 on May 7, 2024.

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
Pursuant to Government Code Section 53646(b) and the City of Murrieta (City) Investment Policy, the Finance Department renders a quarterly investment report to the City Council concerning the investment portfolio’s earnings and performance results. The City contracts with Chandler Asset Management to manage the City’s investment portfolio and to advise on all investment-related matters. The purpose of this report is to present the investment earnings for the period April 1, 2024, through June 30, 2024 (Quarter 4).

Total Portfolio Composition
The portfolio comprises available cash balances from over 100 separate funds. The balances are individually tracked in the City’s financial records but combined to invest cash to maximize investment returns. The City’s investment manager invests funds not needed in the near future into securities with maturities of less than five years. The City also utilizes the Local Agency Investment Fund (LAIF), an investment pool operated by the State of California and used by most cities in California to manage the City’s short-term cash flow CITY OF MURRIETA Page 1 of 5 Printed on 8/15/2024
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Agenda Item No. 6.

State of California and used by most cities in California to manage the City’s short-term cash flow requirements. Wells Fargo’s “Cash Sweep Program” is the City’s third investment tool, and it allows the City to earn a return on uninvested cash balances in our General Checking Account by automatically "sweeping" cash balances into a sweep investment vehicle until such balances are otherwise needed to satisfy obligations arising in the account. The Cash Sweep Program exclusively targets high-quality, short-term, U.S. dollardenominated money market instruments that consist of U.S. Government obligations and repurchase agreements collateralized by U.S. Government obligations. This complies with our Investment Policy and California Government Code Section 53607.

Investment Portfolio Performance
As of June 30, 2024, the City’s total market value (including accrued interest) of operating funds and liquidity investments totaled $145,950,840.92. The book value, or what the City actually paid for the investments, totaled $145,765,887.66. The fair market value of the City’s portfolio, less accrued interest, totaled $144,963,242.63. The value of fixed-income securities may fluctuate with changes in interest rates. As interest rates go up, the market value of the securities may go down, and the reverse is true; when interest rates go down, the market value of the securities may go up. The difference between the book and fair market value is considered an unrealized gain or loss. The unrealized loss for this reporting period is ($802,645.03). It is important to note that a loss or gain is realized when an investment is redeemed or sold before its maturity date. The City’s investments are retained until the maturity date. Nonetheless, the City may elect to sell an investment before its maturity and record a capital gain or loss to manage the portfolio's quality, liquidity, or yield in response to market conditions or the City’s risk preferences. The portfolio’s total market value (including accrued interest) increased by $1,471,682.92 due to higher investment income generated from the higher reinvestment rate for bonds purchased in the portfolio.

As of June 30, 2024, the yield to maturity on the portfolio increased to 3.75% from 3.46% on March 31, 2024, due to the proceeds from maturing securities being reinvested at higher interest rates. During the quarter, US Treasury yields were volatile as the market priced in moderating, but still elevated inflation data and the Federal Reserve (Fed) leaned hawkish. The 2-year US Treasury Note yield increased from 4.62% to 4.75%, while the 5-year Treasury increased from 4.21% to 4.38% over the reporting period. Recent economic data has shown above trend growth fueled by resilient consumer spending from a continuing healthy US job market. The first estimate for the second quarter US Gross Domestic Product (GDP) came in at 2.8%, driven by consumer spending and business investment. Inflationary trends have moderated, with the Consumer Price Index (CPI) cooling to 3.0% year-over-year for June. Core Personal Consumption Expenditures (PCE) came in at 2.6% for June, remaining above the Fed’s 2% target. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, market participants believe the economy will gradually soften, and the Fed will start cutting short-term interest rates beginning in the second half of 2024. At their June 12 meeting, the Federal Open Market Committee (FOMC) left interest rates unchanged at a target range of 5.25% to

5.50%. The Fed’s June dot plot projected just one quarter-point rate cut for 2024. Since the Fed began its “quantitative tightening” activity by reducing the US Treasury and Agency Mortgage-Backed Securities on its balance sheet in June 2022, the Fed’s balance sheet reduction program has reduced securities held outright by $1.7 trillion. The portfolio’s market value benefited from the sector diversification and remains stable due to the high-quality assets contained within the portfolio.

Portfolio Duration
As of June 30, 2024, the investment portfolio's average duration was 1.70 years. This duration remains within an acceptable range. The City continues implementing a disciplined, conservative approach to its portfolio during financial market volatility.

Asset Allocation
The investment portfolio is allocated in compliance with California Government Code 53601. The Sector CITY OF MURRIETA Page 2 of 5 Printed on 8/15/2024
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Agenda Item No. 6.

The investment portfolio is allocated in compliance with California Government Code 53601. The Sector allocation of the portfolio on June 30, 2024, was 20.60% in US Government Agency bonds, 21.60% in highgrade Corporate Bonds, 39.00% in U.S. Treasury bonds, 6.20% in Asset-Backed Securities (ABS), 1.40% in Supranational, 6.40% in Collateralized Mortgage Obligation, 3.10% in Commercial Paper, 1.40% in Negotiable CD, 0.30% Money Market Fund and Cash 0.10%. A Supranational is a financial institution owned by member countries to promote international development. A Collateralized Mortgage Obligation is a mortgage-backed security that contains a pool of mortgages bundled together and sold as an investment.

The following pie chart summarizes the asset allocation by Sector.

Maturity Distribution
As of June 30, 2024, approximately 30.43% of the portfolio matured in less than one year, 28.19% matured from 1-2 years, 32.24% from 2-3 years, 7.83% from 3-4 years, and 1.29% from 4-5 years. The City’s portfolio maintains liquid funds through bank deposits, money market funds, and local government investment pools to satisfy its near-term liquidity needs.
(The chart above may not sum to 100% due to rounding.)
LAIF Balance
Funds deposited with LAIF act as the City’s savings account, which allows for the regular investment of shortCITY OF MURRIETA Page 3 of 5 Printed on 8/15/2024 powered by Legistar™224
8/20/2024
Agenda Item No. 6.

Funds deposited with LAIF act as the City’s savings account, which allows for the regular investment of shortterm cash balances. LAIF complements our investment program by maximizing the earnings on liquid balances that are not needed for immediate disbursement. It also allows the City’s investment manager to maximize the return on its longer-term investments.

As of June 30, 2024, the balance in LAIF was $1,910,673.89. The annual yield on the LAIF portfolio was

4.480%, an increase of 1.31% from the 3.167% earned at the end of June 2023.

Wells Fargo Cash Sweep Program
The Cash Sweep Program may include fixed, floating, or variable interest rates. The security selections for the Cash Sweep Program are based on several factors, including credit quality, yield, and maturity while considering the fund’s overall level of liquidity and weighted average maturity. The securities purchased have been determined to present minimal credit risk. For the quarter ending June 30, 2024, the total earnings from the Cash Sweep Program were $1,527,070.35 and had an Average Daily Yield of 5.231%.

The graph below compares the investment yields for the Investment Portfolio, LAIF, and the Cash Sweep Program for the period ending June 30, 2023, to June 30, 2024.

This report presents only the results of the operating portfolio managed by Chandler Asset Management, LAIF, and the Cash Sweep Program. The City’s and developer bond portfolios are available for review in the Finance Department or may be sent to the City Council upon request.

In compliance with the California Government Code Section 53646, the Treasurer of the City of Murrieta certifies that sufficient investment liquidity and anticipated revenues are available to meet the City’s budgeted expenditure requirements for the subsequent six months, July through December 2024. All investments in the City’s portfolio comply with state law and the City’s adopted Investment Policy

FISCAL IMPACT
There is no fiscal impact associated with the recommended action.

CITY OF MURRIETA Page 4 of 5 Printed on 8/15/2024
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8/20/2024
Agenda Item No. 6.

ATTACHMENTS

1. City of Murrieta Investment Report June 30, 2024

2. LAIF Regular Monthly Statement June 30, 2024

3. Wells Fargo Sweep Account Statements for April, May, and June 2024

4. Portfolio Composition Chart as of June 30, 2024
CITY OF MURRIETA Page 5 of 5 Printed on 8/15/2024
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INVESTMENT REPORT
City of Murrieta | As of June 30, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement. 227

TABLE OF CONTENTS
City of Murrieta | As of June 30, 2024

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
1 228

ECONOMIC UPDATE
2 229
Economic Update
▪
▪
▪
Recent economic data suggests positive but slower growth this year fueled by consumer spending. While the consumer has been resilient, growing credit card debt, higher delinquencies, and a moderating labor market pose potential headwinds to future economic growth.

Inflationary trends are subsiding, but core levels remain above the Fed’s target. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, we believe the economy will gradually soften and the Fed will loosen monetary policy in 2024.

As expected at the June meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at a target range of 5.25-5.50%, emphasizing the need to see sustained evidence of easing inflation before considering any rate cuts. The FOMC's latest projections now suggest only one interest rate cut in 2024, with four more cuts expected in 2025 and a slightly higher longterm neutral rate. Additionally, the Fed continues to reduce its holdings of U.S. Treasury securities and agency mortgage-backed securities as per its predefined schedule of $25 billion and $35 billion per month.

The US Treasury yield curve shifted lower in June as economic data moderated. The 2-year Treasury yield fell 12 basis points to 4.76%, the 5-year Treasury dropped 13 basis points to 4.38%, and the 10-year Treasury yield declined 10 basis points to 4.40%. The inversion between the 2-year Treasury yield and 10-year Treasury yield remained relatively stable at -36 basis points at June month-end versus -37 basis points at May month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -106 basis points. The inversion between 3-month and 10-year Treasuries widened to -96 basis points in June from -91 basis points in May. 3 230
Employment
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0 200
400
600
800
1,000
MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 206,000 jobs in June, remaining ahead of consensus expectations of 190,000 jobs. The gains were broad based, with government, health care, and social assistance posting the largest gains. The three-month moving average and six-month moving average payrolls have weakened from the first quarter to 177,000 and 222,000 respectively. The unemployment rate edged up to 4.1% in June, and the labor participation rate inched up to 62.6%, remaining below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons held steady at

7.4%. Average hourly earnings rose 3.9% year-over-year in June, down from 4.1% year-over-year in May. The labor markets continue to show signs of cooling in line with the Federal Reserve’s view that there has been “substantial” progress towards better balance in the labor market between demand and supply for workers.

Source: US Department of Labor Source: US Department of Labor 4 231
Job Openings & Labor Turnover Survey
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average In Thousands (000's)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) increased to 8.140 million job openings in May from a downwardly revised 7.919 million in April. Job openings still represent a healthy ratio of around 1.2 jobs for each unemployed individual.

While the current level of job openings remains elevated from a historical perspective, the trend is decelerating.

Source: US Department of Labor
5 232
Inflation

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YOY (%) Change
In June, the Consumer Price Index (CPI) declined 0.1% month-over-month and rose 3.0% year-over-year, reflecting broad-based cost reductions. The month-over-month drop was the first deflationary data point since the pandemic. The Core CPI, which excludes volatile food and energy components, was up just 0.1% month-over-month and 3.3% year-over-year in June, down from 3.4% in May and lower than expected. The Personal Consumption Expenditures (PCE) Index rose 0.1% from the previous month and 2.5% year-over-year in June.

The Core PCE deflator (the Fed’s preferred gauge) increased 0.2% month-over-month and 2.6% over the past year, still above the Fed’s 2% inflation target. Much of the lingering inflation has been driven by shelter costs and demand for services, but recent data provide confirmation that inflation is moderating.

Source: US Department of Labor Source: US Department of Commerce 6 233
Consumer
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
Retail Sales were unchanged month-over-month in June after an upwardly revised 0.3% gain in May. On a year-over-year basis, Retail Sales growth further slowed to 2.3% in June from 2.6% in May. Nonstore retailers were a bright spot in June, while motor vehicle and gasoline sales declined. The Conference Board’s Consumer Confidence Index fell to 100.4 in June from 101.3 in May. While the present situation component rose marginally, consumers are less optimistic about future expectations for business conditions and potential income increases. While the consumer has been resilient, consumption has begun to moderate in the face of higher interest rates, rising credit card balances, and growing delinquencies.
0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09) 7 234
Leading Indicators of Economic Activity
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) fell 0.2% in June following a 0.4% decline in May. The index dropped 4.8% year-overyear. The report stated that "due to the smaller month-on-month rate of decline, the LEI's long-term growth has become less negative, pointing to a slow recovery.” The Chicago Fed National Activity Index (CFNAI) decreased to 0.05 in June from 0.23 in May, surpassing consensus expectations. The three-month moving average rose to -0.01 in June from -0.08 in May, indicating slightly below-trend growth expectations for the economy.

Source: The Conference Board Source: Federal Reserve Bank of Chicago 8 235
Housing
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts jumped 3.0% month-over-month in June to a higher-than-expected 1.353 million units, driven primarily by the multi-family category. Starts were down 4.4% year-over-year. The Freddie Mac average rate for a 30-year fixed mortgage edged down to 6.92% in June from 7.06% in May. According to the Case-Shiller 20-City Home Price Index, housing prices rose a higher-than-expected 7.2% yearover-year in April versus March's upwardly revised 7.5% increase. Tight inventories and higher mortgage rates continue to impact affordability.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change
9 236
Survey Based Measures
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index edged down to 48.5 in June from 48.7 in May. While new orders picked up, prices paid for materials fell the most in over a year. The ISM Services Index returned to contraction declining to 48.8 in June, from

53.8 in the previous month. Although the level of the decline was a surprise, the trend in the Services PMI, which applies to a larger share of US economic output, has been steadily decreasing.

Source: Institute for Supply Management
10 237
Gross Domestic Product (GDP)
Components of GDP 9/23 12/23 3/24 6/24

2.1% 2.2% 1.0% 1.6%

1.7% 0.2% 0.8% 1.5%

0.0% 0.3% -0.7% -0.7%

0.5% 0.2% 0.0% 0.3%

0.5% 0.6% 0.3% 0.3%

4.9% 3.4% 1.4% 2.8%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment) -40.0%
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce The advance estimate for second quarter GDP came in higher than expected at 2.8%, beating consensus expectations and 1.4% growth in the first quarter. Personal consumption was the largest contributor to GDP, mostly due to outlays for necessities such as health care, housing, and utilities. The strong reading was also driven by business capital investment and an increase in auto inventories as car dealerships grappled with a software cyberattack. The consensus projection calls for 1.5% growth in the third quarter and 2.3% growth for the full year 2024.
11 238
Federal Reserve
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As expected at the June meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at a target range of 5.25-5.50%, emphasizing the need to see sustained evidence of easing inflation before considering any rate cuts. The FOMC's latest projections now suggest only one interest rate cut in 2024, with four more cuts expected in 2025 and a slightly higher longterm neutral rate. The Fed’s inflation projections ticked up marginally, while unemployment and GDP growth forecasts remained steady.

Additionally, the Fed continues to reduce its holdings of U.S. Treasury securities and agency mortgage-backed securities as per its predefined schedule of $25 billion and $35 billion per month. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $1.7T to approximately $7.3T.

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 239
Bond Yields
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Jun-24
Mar-24
Jun-23
Yield (%)
At the end of June, the 2-year Treasury yield was 15 basis points lower, and the 10-Year Treasury yield was 56 basis points higher, yearover-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield remained relatively stable at -36 basis points at June month-end versus -37 basis points at May month-end. The inversion has occurred since July 2022 and remains historically long. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year Treasuries widened to -96 basis points in June from -91 basis points in May.
13 240

ACCOUNT PROFILE
14 241

OBJECTIVES
City of Murrieta | As of June 30, 2024
Investment Objectives
The City of Murrieta's investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program.

Chandler Asset Management Performance Objective
The performance objective for the portfolio isto achieve a rate of return over a market cycle that equals or exceeds the return on a market index ofsimilar duration and sector allocation.

Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code.
15 242

STATEMENT OF COMPLIANCE
Murrieta Consolidated | Account | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max% (MV) 20.0 6.4 Compliant
Max% Issuer (MV) 30.0 6.4 Compliant
Max Maturity (Years) 5.0 4.2 Compliant

ASSET-BACKED SECURITIES (ABS)
Max% (MV) 20.0 6.2 Compliant
Max% Issuer (MV) 5.0 1.1 Compliant
Max Maturity (Years)54 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max% (MV) 30.0 0.0 Compliant
Max% Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by1 orA- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max% (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max% (MV) 20.0 0.0 Compliant
Max% Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max% (MV) 40.0 3.1 Compliant
Max% Issuer (MV) 5.0 1.8 Compliant
Max Maturity (Days) 270 247 Compliant
Min Rating (A-1 by1 orA- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max% (MV) 30.0 21.7 Compliant
Max% Issuer (MV) 5.0 1.5 Compliant
16 243

STATEMENT OF COMPLIANCE
Murrieta Consolidated | Account | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 20.7 Compliant
Max % Issuer (MV) 30.0 11.9 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 4 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.3 Compliant
Max % Issuer (MV) 10.0 0.3 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 1.4 Compliant
Max % Issuer (MV) 5.0 1.4 Compliant
Max Maturity (Years) 5 0.0 Compliant
17 244

STATEMENT OF COMPLIANCE
Murrieta Consolidated | Account | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.4 Compliant
Max % Issuer (MV) 10.0 1.1 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 38.9 Compliant
Max Maturity (Years) 5 4 Compliant
18 245

PORTFOLIO CHARACTERISTICS
City of Murrieta | Account | As of June 30, 2024
Benchmark* 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 1.85 2.06 2.01
Average Modified Duration 1.76 1.81 2.01
Average Purchase Yield 3.61% 3.28%
Average Market Yield 4.81% 4.98% 4.92%
Average Quality** AA+ AA AA
Total Market Value 134,453,837 133,134,163
*Benchmark: ICE BofA 1-3 Year US Treasury Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19 246

SECTOR DISTRIBUTION
City of Murrieta | Account | As of June 30, 2024
Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
US Treasury 38.8% 39.1%
Corporate 23.4% 25.4%
Agency 22.3% 21.4%
Agency CMBS 6.9% 6.1%
ABS 6.7% 5.3%
Supras 1.5% 1.5%
Money Mkt Fd 0.2% 1.0%
Cash 0.1% 0.1%
20 247

ISSUERS
City of Murrieta | Account | As of June 30, 2024
Issuer Investment Type % Portfolio
United States US Treasury 38.78%
Federal Home Loan Banks Agency 12.84%
Farm Credit System Agency 9.50%
FHLMC Agency CMBS 6.93%
Royal Bank of Canada Corporate 1.66%
Caterpillar Inc. Corporate 1.36%
The Home Depot, Inc. Corporate 1.29%
Honda Auto Receivables Owner Trust ABS 1.27%
PACCAR Inc Corporate 1.27%
JPMorgan Chase & Co. Corporate 1.18%
Inter-American Development Bank Supras 1.17%
State Street Corporation Corporate 1.15%
American Express Credit Master Trust ABS 1.15%
Cisco Systems, Inc. Corporate 1.12%
NextEra Energy, Inc. Corporate 1.10%
Air Products and Chemicals, Inc. Corporate 1.03%
Chase Issuance Trust ABS 0.99%
U.S. Bancorp Multiple 0.94%
BMW Vehicle Lease Trust ABS 0.85%
National Rural Utilities Cooperative Corporate 0.81%
Bank of America Corporation Corporate 0.75%
Met Tower Global Funding Corporate 0.75%
Morgan Stanley Corporate 0.74%
Deere & Company Corporate 0.74%
Toyota Motor Corporation Corporate 0.74%
The Toronto-Dominion Bank Corporate 0.74%
Duke Energy Corporation Corporate 0.73%
Northern Trust Corporation Corporate 0.73%
21 248

ISSUERS
City of Murrieta | Account | As of June 30, 2024
Issuer Investment Type % Portfolio
Apple Inc. Corporate 0.73%
Chubb Limited Corporate 0.72%
Honeywell International Inc. Corporate 0.72%
BNY Mellon Corp Corporate 0.66%
BMW Vehicle Owner Trust ABS 0.61%
Massachusetts Mutual Life Insurance Corporate 0.56%
GM Financial Automobile Leasing Trus ABS 0.55%
Public Service Enterprise Group Inco Corporate 0.54%
John Deere Owner Trust ABS 0.53%
GM Financial Securitized Term ABS 0.39%
PepsiCo, Inc. Corporate 0.38%
International Bank for Recon and Dev Supras 0.36%
Amazon.com, Inc. Corporate 0.32%
Mercedes-Benz Auto Lease Trust ABS 0.26%
Salesforce, Inc. Corporate 0.15%
Hyundai Auto Receivables Trust ABS 0.13%
Cash Cash 0.06%
TOTAL 100.00%
22 249

QUALITY DISTRIBUTION
Rating 06/30/2024 03/31/2024
AAA 8.3% 7.8%
AA 70.6% 69.8%
A 20.0% 21.3%
NR 1.1% 1.1%
Rating 06/30/2024 03/31/2024
AAA 74.1% 72.4%
AA 5.1% 5.2%
A 17.7% 18.7%
NR 3.1% 3.8%
Rating 06/30/2024 03/31/2024
AAA 10.5% 10.2%
AA 70.2% 71.0%
A 8.6% 9.1%
NR 10.7% 9.7%
City of Murrieta | Account | As of June 30, 2024
S&P Rating Moody’s Rating Fitch Rating
23 250

DURATION DISTRIBUTION
City of Murrieta | Account | As of June 30, 2024
Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
06/30/2024 5.3% 4.7% 14.4% 30.6% 35.0% 8.5% 1.4% 0.0% 0.0% 03/31/2024 8.8% 5.2% 11.5% 28.3% 31.2% 12.3% 1.5% 0.0% 0.0% 24 251
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
City of Murrieta 0.99% 4.88% 2.92% 0.85% 1.18%
Benchmark 0.94% 4.53% 2.30% 0.40% 0.83%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-3 Year US Treasury Index
Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

INVESTMENT PERFORMANCE
City of Murrieta | Account | As of June 30, 2024
Total Rate of Return : Inception | 02/01/2020

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
12 months 2 years 3 years 5 years 10 years Since Inception City of Murrieta ICE BofA 1-3 Yr US Treasury Index
25 252

PORTFOLIO CHARACTERISTICS
Murrieta Liquidity | Account | As of June 30, 2024
6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 0.35 0.22
Average Modified Duration 0.34 0.19
Average Purchase Yield 5.43% 5.58%
Average Market Yield 5.21% 5.33%
Average Quality** AAA AAA
Total Market Value 11,497,004 11,344,995
*Benchmark: ICE BofA 3-Month US Treasury Bill Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 26 253

SECTOR DISTRIBUTION
Murrieta Liquidity | Account | As of June 30, 2024
Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
US Treasury 41.4% 46.0%
Comm Paper 39.8% 35.3%
Neg CD 17.6% 17.8%
Money Mkt Fd 1.2% 0.9%
27 254

ISSUERS
Murrieta Liquidity | Account | As of June 30, 2024
Issuer Investment Type % Portfolio
United States US Treasury 41.36%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 22.83%
Coöperatieve Rabobank U.A. Neg CD 17.56%
Toyota Motor Corporation Comm Paper 17.00%
U.S. Bancorp Money Mkt Fd 1.24%
Cash Cash 0.01%
TOTAL 100.00%
28 255
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 43.4% 17.1% 39.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% ICE BofA 3-Month US Treasury Bill Index 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

DURATION DISTRIBUTION
Murrieta Liquidity | Account | As of June 30, 2024
Portfolio Compared to the Benchmark
29 256
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
Murrieta Liquidity 1.34% 3.69%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 3-Month US Treasury Bill Index
Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

INVESTMENT PERFORMANCE
Murrieta Liquidity | Account | As of June 30, 2024
Total Rate of Return : Inception | 11/01/2023

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%
3 months Since Inception
Murrieta Liquidity
30 257

CONSOLIDATED INFORMATION
31 258

PORTFOLIO CHARACTERISTICS
Murrieta Consolidated | Account | As of June 30, 2024
6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 1.92 1.87
Average Modified Duration 1.70 1.85
Average Purchase Yield 3.75% 3.46%
Average Market Yield 4.99% 4.95%
Average Quality** AA+ AA+
Total Market Value 145,950,841 144,479,158
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 32 259

SECTOR DISTRIBUTION
Murrieta Consolidated | Account | As of June 30, 2024
Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
US Treasury 39.0% 39.6%
Corporate 21.6% 23.4%
Agency 20.6% 19.7%
Agency CMBS 6.4% 5.6%
ABS 6.2% 4.9%
Comm Paper 3.1% 2.8%
Supras 1.4% 1.4%
Neg CD 1.4% 1.4%
Money Mkt Fd 0.3% 1.0%
Cash 0.1% 0.1%
33 260

PORTFOLIO HOLDINGS
34 261

HOLDINGS REPORT
City of Murrieta | Account | As of June 30, 2024
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
44933LAC7 HART 2021-A A3 0.38 09/15/2025 13,833.86 04/20/2021 13,832.41 99.76 13,800.77 0.01% NA/AAA 1.21

0.38% 13,832.41 4.84% 2.34 (31.63) AAA 0.06
47788UAC6 JDOT 2021 A3 0.36 09/15/2025 31,825.53 03/02/2021 31,819.41 99.37 31,625.33 0.02% Aaa/NA 1.21

0.36% 31,819.41 4.93% 5.09 (194.08) AAA 0.14
05593AAC3 BMWLT 2023-1 A3 5.16 11/25/2025 136,524.16 02/07/2023 136,520.91 99.81 136,269.50 0.10% Aaa/AAA 1.41

5.16% 136,520.91 5.69% 117.41 (251.41) NA 0.42
44934KAC8 HART 2021-B A3 0.38 01/15/2026 159,505.61 07/20/2021 159,470.41 99.09 158,052.45 0.12% NA/AAA 1.54

0.38% 159,470.41 3.83% 26.94 (1,417.96) AAA 0.27
43815GAC3 HAROT 2021-4 A3 0.88 01/21/2026 131,859.87 11/16/2021 131,832.08 97.97 129,176.94 0.10% Aaa/NA 1.56

0.89% 131,832.08 4.64% 32.23 (2,655.15) AAA 0.55
47789QAC4 JDOT 2021-B A3 0.52 03/16/2026 122,032.74 07/13/2021 122,021.86 98.07 119,682.72 0.09% Aaa/NA 1.71

0.52% 122,021.86 4.81% 28.20 (2,339.14) AAA 0.45
43815PAC3 HAROT 2022-2 A3 3.73 07/20/2026 325,505.06 08/15/2022 325,485.67 98.78 321,539.79 0.24% NA/AAA 2.05

3.73% 325,485.67 5.26% 438.44 (3,945.87) AAA 0.83
05602RAD3 BMWOT 2022-A A3 3.21 08/25/2026 217,776.10 05/10/2022 217,764.78 98.66 214,864.22 0.16% Aaa/AAA 2.15

3.21% 217,764.78 4.97% 116.51 (2,900.56) NA 0.78
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 227,660.97 03/10/2022 227,610.61 98.03 223,182.58 0.17% Aaa/NA 2.21

2.33% 227,610.61 5.46% 234.74 (4,428.03) AAA 0.64
362554AC1 GMCAR 2021-4 A3 0.68 09/16/2026 111,816.76 10/13/2021 111,813.91 97.67 109,214.18 0.08% Aaa/AAA 2.21

0.68% 111,813.91 4.17% 31.68 (2,599.73) NA 0.69
380146AC4 GMCAR 2022-1 A3 1.26 11/16/2026 115,200.25 01/11/2022 115,190.24 97.78 112,648.19 0.08% NA/AAA 2.38

1.26% 115,190.24 4.27% 60.48 (2,542.05) AAA 0.76
379929AD4 GMALT 2023-3 A3 5.38 11/20/2026 280,000.00 08/08/2023 279,966.43 99.93 279,797.56 0.21% NA/AAA 2.39

5.38% 279,966.43 5.51% 460.29 (168.87) AAA 1.22
36269FAD8 GMALT 2024-1 A3 5.09 03/22/2027 455,000.00 02/08/2024 454,943.13 99.52 452,814.64 0.34% NA/AAA 2.73

5.09% 454,943.13 5.46% 707.65 (2,128.50) AAA 1.65
05611UAD5 BMWLT 2024-1 A3 4.98 03/25/2027 1,000,000.00 06/20/2024 994,687.50 99.46 994,619.80 0.74% Aaa/AAA 2.73

5.19% 994,687.50 5.39% 830.00 (67.70) NA 1.60
36265WAD5 GMCAR 2022-3 A3 3.64 04/16/2027 305,892.37 07/06/2022 305,890.25 98.64 301,726.54 0.23% Aaa/NA 2.79

3.64% 305,890.25 4.95% 463.94 (4,163.71) AAA 1.03
35 262

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
02582JJT8 AMXCA 2022-2 A 05/17/2027 905,000.00 05/17/2022 904,799.81 98.21 888,800.50 0.67% NA/AAA 0.87

3.40% 904,799.81 5.54% 1,363.53 (15,999.31) AAA 0.92
58770JAD6 MBALT 2024-A A3 5.32 01/18/2028 350,000.00 05/17/2024 349,959.05 100.29 351,002.19 0.26% Aaa/NA 3.55

5.32% 349,959.05 5.25% 827.56 1,043.14 AAA 2.00
437918AC9 HAROT 2024-1 A3 5.21 08/15/2028 1,250,000.00 02/13/2024 1,249,945.63 100.05 1,250,621.50 0.94% Aaa/AAA 4.13

5.21% 1,249,945.63 5.26% 2,894.44 675.87 NA 2.44
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 09/07/2023 1,319,634.10 100.26 1,323,369.70 0.99% NR/AAA 4.21

5.17% 1,319,634.10 5.11% 3,027.20 3,735.60 AAA 2.03
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 335,000.00 03/11/2024 334,981.24 99.61 333,681.67 0.25% Aaa/NA 4.38

4.96% 334,981.24 5.22% 738.49 (1,299.57) AAA 2.07
096919AD7 BMWOT 2024-A A3 5.18 02/26/2029 600,000.00 06/04/2024 599,908.86 100.10 600,592.74 0.45% Aaa/AAA 4.66

5.18% 599,908.86 5.21% 1,726.67 683.88 NA 2.10
02582JKH2 AMXCA 2024-1 A 5.23 04/16/2029 640,000.00 04/16/2024 639,868.80 100.94 645,990.66 0.48% NA/AAA 4.79

5.23% 639,868.80 4.99% 1,487.64 6,121.86 AAA 2.53
9,027,947.09 99.55 8,993,074.17 6.73% Aaa/AAA 3.18
Total ABS 9,034,433.29 4.45% 9,027,947.09 5.20% 15,621.48 (34,872.91) AAA 1.65 AGENCY
3130AQF40 FEDERAL HOME LOAN BANKS 1.0 1,400,000.00 12/21/2021 1,398,768.00 97.97 1,371,602.96 1.03% Aaa/AA+ 0.47 12/20/2024 1.03% 1,398,768.00 5.40% 427.78 (27,165.04) AA+ 0.46 3133ENKS8 FEDERAL FARM CREDIT BANKS 755,000.00 01/06/2022 753,301.25 97.88 738,957.00 0.55% Aaa/AA+ 0.52 FUNDING CORP 1.125 01/06/2025 1.20% 753,301.25 5.35% 4,128.91 (14,344.25) AA+ 0.50 3133ENPG9 FEDERAL FARM CREDIT BANKS 1,200,000.00 02/25/2022 1,197,456.00 97.81 1,173,759.80 0.88% Aaa/AA+ 0.63 FUNDING CORP 1.75 02/14/2025 1.82% 1,197,456.00 5.37% 7,991.67 (23,696.20) AA+ 0.60 3133EPW68 FEDERAL FARM CREDIT BANKS 1,400,000.00 01/24/2024 1,392,860.00 98.83 1,383,591.29 1.04% Aaa/AA+ 1.56 FUNDING CORP 4.125 01/22/2026 4.40% 1,392,860.00 4.91% 25,506.25 (9,268.71) AA+ 1.46 3130B0ZP7 FEDERAL HOME LOAN BANKS 4.875 1,000,000.00 06/21/2024 1,000,450.00 99.99 999,883.67 0.75% Aaa/AA+ 1.70 03/13/2026 4.85% 1,000,450.00 4.88% 9,750.00 (566.33) AA+ 1.60 3133ERDZ1 FEDERAL FARM CREDIT BANKS 1,000,000.00 05/20/2024 997,690.00 99.96 999,551.62 0.75% Aaa/AA+ 1.85 FUNDING CORP 4.75 05/08/2026 4.87% 997,690.00 4.77% 6,993.06 1,861.62 AA+ 1.75 3130AWLZ1 FEDERAL HOME LOAN BANKS 4.75 2,000,000.00 08/16/2023 1,998,620.00 99.83 1,996,655.62 1.49% Aaa/AA+ 1.95 06/12/2026 4.78% 1,998,620.00 4.84% 5,013.89 (1,964.38) AA+ 1.84 36 263

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3133EPZY4 FEDERAL FARM CREDIT BANKS 2,000,000.00 11/09/2023 2,007,480.00 100.41 2,008,270.32 1.50% Aaa/AA+ 2.08 FUNDING CORP 5.0 07/30/2026 4.85% 2,007,480.00 4.79% 41,944.44 790.32 AA+ 1.92 3133EPSW6 FEDERAL FARM CREDIT BANKS 2,405,000.00 08/09/2023 2,399,468.50 99.49 2,392,635.65 1.79% Aaa/AA+ 2.12 FUNDING CORP 4.5 08/14/2026 4.58% 2,399,468.50 4.76% 41,185.63 (6,832.85) AA+ 1.97 3130AWTQ3 FEDERAL HOME LOAN BANKS 4.625 4,500,000.00 -- 4,476,030.00 99.78 4,490,179.20 3.36% Aaa/AA+ 2.20 09/11/2026 4.81% 4,476,030.00 4.73% 63,593.75 14,149.20 AA+ 2.04 3130AXU63 FEDERAL HOME LOAN BANKS 4.625 1,750,000.00 11/30/2023 1,754,427.50 99.90 1,748,241.02 1.31% Aaa/AA+ 2.38 11/17/2026 4.53% 1,754,427.50 4.67% 9,892.36 (6,186.48) AA+ 2.22 3130AYPN0 FEDERAL HOME LOAN BANKS 4.125 2,000,000.00 01/30/2024 1,995,560.00 98.83 1,976,576.40 1.48% Aaa/AA+ 2.54 01/15/2027 4.21% 1,995,560.00 4.62% 34,833.33 (18,983.60) AA+ 2.34 3133EP6K6 FEDERAL FARM CREDIT BANKS 1,000,000.00 04/08/2024 995,520.00 99.77 997,723.94 0.75% Aaa/AA+ 2.74 FUNDING CORP 4.5 03/26/2027 4.66% 995,520.00 4.59% 11,875.00 2,203.94 AA+ 2.52 3130B0TY5 FEDERAL HOME LOAN BANKS 4.75 1,500,000.00 04/10/2024 1,496,115.00 100.28 1,504,256.19 1.13% Aaa/AA+ 2.77 04/09/2027 4.84% 1,496,115.00 4.64% 15,833.33 8,141.19 AA+ 2.55 3133ERFJ5 FEDERAL FARM CREDIT BANKS 1,000,000.00 05/20/2024 994,830.00 99.71 997,089.73 0.75% Aaa/AA+ 2.89 FUNDING CORP 4.5 05/20/2027 4.69% 994,830.00 4.61% 5,125.00 2,259.73 AA+ 2.67 3130AVVX7 FEDERAL HOME LOAN BANKS 3.75 1,120,000.00 06/07/2023 1,107,243.20 97.77 1,095,056.77 0.82% Aaa/AA+ 3.94 06/09/2028 4.00% 1,107,243.20 4.37% 2,566.67 (12,186.43) AA+ 3.61 3130AWC24 FEDERAL HOME LOAN BANKS 4.0 2,000,000.00 07/06/2023 1,956,940.00 98.67 1,973,390.56 1.48% Aaa/AA+ 3.94 06/09/2028 4.49% 1,956,940.00 4.37% 4,888.89 16,450.56 AA+ 3.60 3133EPWK7 FEDERAL FARM CREDIT BANKS 2,000,000.00 10/12/2023 1,981,460.00 100.16 2,003,180.90 1.50% Aaa/AA+ 4.23 FUNDING CORP 4.5 09/22/2028 4.71% 1,981,460.00 4.46% 24,750.00 21,720.90 AA+ 3.77 29,904,219.45 99.41 29,850,602.65 22.35% Aaa/AA+ 2.35
Total Agency 30,030,000.00 4.28% 29,904,219.45 4.75% 316,299.95 (53,616.81) AA+ 2.16

AGENCY CMBS
3137BM7C4 FHMS K-051 A2 3.308 09/25/2025 1,223,000.00 06/23/2022 1,220,420.23 97.68 1,194,628.97 0.89% Aaa/AA+ 1.24

3.30% 1,220,420.23 5.34% 3,371.40 (25,791.26) AAA 1.05
3137BSP72 FHMS K-058 A2 2.653 08/25/2026 2,000,000.00 02/09/2023 1,890,546.88 95.24 1,904,873.20 1.43% Aaa/AA+ 2.15

4.27% 1,890,546.88 4.99% 4,421.67 14,326.32 AAA 2.00
3137BTUM1 FHMS K-061 A2 3.347 11/25/2026 888,148.67 09/22/2022 856,265.52 96.14 853,821.99 0.64% Aaa/AA+ 2.41

4.23% 856,265.52 5.10% 2,477.19 (2,443.53) AAA 2.13
37 264

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 862,000.00 -- 839,600.51 96.36 830,609.67 0.62% Aaa/AA+ 2.57

4.03% 839,600.51 4.98% 2,463.88 (8,990.84) AAA 2.27
3137F1G44 FHMS K-065 A2 3.243 04/25/2027 1,000,000.00 09/19/2022 965,468.75 95.59 955,939.70 0.72% Aaa/AA+ 2.82

4.02% 965,468.75 4.94% 2,702.50 (9,529.05) AAA 2.55
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 1,250,000.00 05/18/2023 1,200,732.43 95.02 1,187,701.50 0.89% Aaa/AAA 3.24

4.13% 1,200,732.43 4.89% 3,319.79 (13,030.93) AA+ 2.89
3137F4X72 FHMS K-075 A2 3.65 02/25/2028 1,165,000.00 09/14/2023 1,107,478.13 95.92 1,117,482.45 0.84% Aaa/AA+ 3.66

4.83% 1,107,478.13 4.86% 3,543.54 10,004.32 AAA 3.31
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 1,250,000.00 05/28/2024 1,197,265.63 96.48 1,206,023.38 0.90% Aaa/AA+ 4.15

4.94% 1,197,265.63 4.82% 4,062.50 8,757.75 AAA 3.71
9,277,778.08 95.99 9,251,080.84 6.93% Aaa/AA+ 2.75
Total Agency CMBS 9,638,148.67 4.23% 9,277,778.08 4.99% 26,362.48 (26,697.24) AAA 2.47 CASH
CCYUSD Receivable 74,450.40 -- 74,450.40 1.00 74,450.40 0.06% Aaa/AAA 0.00

0.00% 74,450.40 0.00% 0.00 0.00 AAA 0.00
74,450.40 1.00 74,450.40 0.06% Aaa/AAA 0.00
Total Cash 74,450.40 0.00% 74,450.40 0.00% 0.00 0.00 AAA 0.00

CORPORATE
79466LAG9 SALESFORCE INC 0.625 07/15/2024 200,000.00 06/29/2021 199,898.00 99.81 199,615.75 0.15% A1/A+ 0.04

0.64% 199,898.00 5.23% 576.39 (282.25) NA 0.04
91159HHX1 US BANCORP 2.4 07/30/2024 1,000,000.00 11/09/2021 1,041,550.00 99.72 997,223.53 0.75% A3/A 0.08

0.80% 1,041,550.00 5.69% 10,066.67 (44,326.47) A 0.08
69371RR40 PACCAR FINANCIAL CORP 0.5 245,000.00 08/03/2021 244,867.70 99.49 243,738.78 0.18% A1/A+ 0.11 08/09/2024 0.52% 244,867.70 5.27% 483.19 (1,128.92) NA 0.11 78016EYM3 ROYAL BANK OF CANADA 1.6 1,000,000.00 01/12/2022 1,000,000.00 97.79 977,904.13 0.73% A1/A 0.56 01/21/2025 1.60% 1,000,000.00 5.67% 7,111.11 (22,095.87) AA- 0.54 06406RBC0 BANK OF NEW YORK MELLON CORP 900,000.00 04/19/2022 899,874.00 98.31 884,820.33 0.66% A1/A 0.82

3.35 04/25/2025 3.35% 899,874.00 5.48% 5,527.50 (15,053.67) AA- 0.79 38 265

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
14913R2V8 CATERPILLAR FINANCIAL SERVICES
CORP 3.4 05/13/2025
480,000.00 05/10/2022

3.44%
479,390.40
479,390.40

98.36 5.35%
472,118.30
2,176.00

0.35%
(7,272.10)
A2/A
A+

0.87 0.84
438516CB0 HONEYWELL INTERNATIONAL INC

1.35 06/01/2025
1,000,000.00 03/09/2022

2.31%
970,280.00
970,280.00

96.43 5.38%
964,325.37
1,125.00

0.72%
(5,954.63)
A2/A
A

0.92 0.89
89115A2A9 TORONTO-DOMINION BANK 3.766
06/06/2025
1,000,000.00 06/02/2022

3.70%
1,001,830.00
1,001,830.00

98.38 5.57%
983,814.69
2,615.28

0.74%
(18,015.31)
A1/A
NA

0.93 0.90
63743HFE7 NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 3.45
06/15/2025
1,105,000.00 --

3.61%
1,099,973.65
1,099,973.65

98.06 5.56%
1,083,512.37
1,694.33

0.81%
(16,461.28)
A2/AA0.96

0.92 14913R2Z9 CATERPILLAR FINANCIAL SERVICES
CORP 3.65 08/12/2025
1,375,000.00 08/08/2022

3.69%
1,373,336.25
1,373,336.25

98.21 5.32%
1,350,373.76
19,377.95

1.01%
(22,962.49)
A2/A
A+

1.12 1.06
26442UAA2 DUKE ENERGY PROGRESS LLC 3.25
08/15/2025
1,000,000.00 06/23/2022

3.57%
990,710.00
990,710.00

97.80 5.28%
978,025.53
12,277.78

0.73%
(12,684.47)
Aa3/A
WR

1.13 1.07
437076CR1 HOME DEPOT INC 4.0 09/15/2025 1,000,000.00 09/14/2022

4.13%
996,380.00
996,380.00

98.54 5.25%
985,434.23
11,777.78

0.74%
(10,945.77)
A2/A
A

1.21 1.15
023135CN4 AMAZON.COM INC 4.6 12/01/2025 425,000.00 11/29/2022

4.60%
424,974.50
424,974.50

99.37 5.06%
422,316.34
1,629.17

0.32%
(2,658.16)
A1/AA
AA1.421.35
857477BR3 STATE STREET CORP 1.746
02/06/2026
335,000.00 02/02/2022

1.75%
335,000.00
335,000.00

97.57 5.84%
326,870.75
2,355.89

0.24%
(8,129.25)
A1/A
AA1.610.58
037833BY5 APPLE INC 3.25 02/23/2026 1,000,000.00 02/22/2023

4.72%
959,390.00
959,390.00

97.20 5.04%
971,963.72
11,555.56

0.73%
12,573.72
Aaa/AA+
NA

1.65 1.56
57629W6F2 MASSMUTUAL GLOBAL FUNDING II

4.5 04/10/2026
750,000.00 04/04/2023

4.52%
749,482.50
749,482.50

98.90 5.15%
741,722.26
7,593.75

0.56%
(7,760.24)
Aa3/AA+
AA+

1.78 1.67
00440EAV9 CHUBB INA HOLDINGS LLC 3.35
05/03/2026
1,000,000.00 09/13/2023

5.23%
954,220.00
954,220.00

96.76 5.21%
967,643.77
5,397.22

0.72%
13,423.77
A3/A
A

1.84 1.75
58989V2F0 MET TOWER GLOBAL FUNDING 5.4
06/20/2026
1,000,000.00 06/12/2023

5.38%
1,000,440.00
1,000,440.00
100.23

5.27%
1,002,327.36
1,650.00

0.75%
1,887.36
Aa3/AAAA1.97

1.85 61747YET8 MORGAN STANLEY 4.679
07/17/2026
1,000,000.00 09/14/2022

4.68%
994,030.00
994,030.00

99.02 6.32%
990,199.56
21,315.44

0.74%
(3,830.44)
A1/AA+2.05

0.99 69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026
1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00

99.90 5.10%
1,448,513.81
28,679.79

1.08%
(3,411.19)
A1/A+
NA

2.11 1.94
39 266

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026
1,000,000.00 09/13/2023

5.57%
998,810.00
998,810.00
100.71

5.17%
1,007,100.28
20,415.50

0.75%
8,290.28
Aa1/A+
AA

2.13 1.88
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
100.44

4.92%
512,240.90
3,702.81

0.38%
2,378.60
A1/A+
NA

2.36 2.11
48125LRU8 JPMORGAN CHASE BANK NA 5.11
12/08/2026
1,575,000.00 --

5.08%
1,576,460.00
1,576,460.00

99.98 5.12%
1,574,747.80
5,141.94

1.18%
(1,712.20)
Aa2/A+
AA

2.44 2.26
24422EXF1 JOHN DEERE CAPITAL CORP 4.5
01/08/2027
1,000,000.00 01/10/2024

4.52%
999,460.00
999,460.00

99.00 4.92%
990,046.73
21,625.00

0.74%
(9,413.27)
A1/A
A+

2.53 2.30
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027
1,245,000.00 01/10/2024

4.88%
1,244,688.75
1,244,688.75

99.34 5.15%
1,236,746.94
27,312.19

0.93%
(7,941.81)
A1/A
AA2.562.32
17275RBQ4 CISCO SYSTEMS INC 4.8 02/26/2027 1,500,000.00 02/29/2024

4.78%
1,500,810.00
1,500,810.00

99.73 4.91%
1,495,943.70
25,000.00

1.12%
(4,866.30)
A1/AANA2.66

2.43 857477CL5 STATE STREET CORP 4.993
03/18/2027
1,210,000.00 03/13/2024

4.99%
1,210,000.00
1,210,000.00

99.88 5.04%
1,208,536.70
17,285.49

0.90%
(1,463.30)
A1/A
AA2.712.48
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027
1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

97.61 4.90%
976,140.17
5,666.67

0.73%
(14,319.83)
A2/A+
A+

2.86 2.65
009158AY2 AIR PRODUCTS AND CHEMICALS INC

1.85 05/15/2027
1,500,000.00 02/09/2024

4.71%
1,371,945.00
1,371,945.00

91.89 4.91%
1,378,419.51
3,545.83

1.03%
6,474.51
A2/A
NA

2.87 2.74
437076DB5 HOME DEPOT INC 4.875 06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60

99.80 4.95%
738,492.16
601.25

0.55%
(53.44)
A2/A
A

2.99 2.75
89236TKJ3 TOYOTA MOTOR CREDIT CORP 4.55
09/20/2027
1,000,000.00 06/20/2024

4.89%
989,900.00
989,900.00

98.77 4.96%
987,738.95
12,765.28

0.74%
(2,161.05)
A1/A+
A+

3.22 2.92
74456QBU9 PUBLIC SERVICE ELECTRICAND GAS
CO 3.7 05/01/2028
750,000.00 06/22/2023

4.79%
715,005.00
715,005.00

95.75 4.93%
718,140.65
4,625.00

0.54%
3,135.65
A1/A
WR

3.84 3.50
341081GN1 FLORIDA POWER & LIGHT CO 4.4
05/15/2028
1,500,000.00 05/22/2023

4.64%
1,484,025.00
1,484,025.00

98.22 4.91%
1,473,249.69
8,433.33

1.10%
(10,775.31)
Aa2/A+
AA3.883.50
Total Corporate 31,795,000.00 4.21%
31,497,523.65
31,497,523.65

98.45 5.22%
31,290,008.51
311,106.08

23.43%
(207,515.14)
A1/A
A+

1.98 1.80

MONEY MARKET
FUND
40 267

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
31846V567 FIRST AMER:GVT OBLG Z 259,923.46 -- 259,923.46 1.00 259,923.46 0.19% Aaa/ 0.00

5.19% 259,923.46 5.19% 0.00 0.00 AAAm 0.00
AAA
Aaa/
Total Money Market 259,923.46 1.00 259,923.46 0.19% AAAm 0.00 Fund 259,923.46 5.19% 259,923.46 5.19% 0.00 0.00 AAA 0.00

SUPRANATIONAL
4581X0DZ8 INTER-AMERICAN DEVELOPMENT 1,585,000.00 09/15/2021 1,583,827.10 98.88 1,567,273.44 1.17% Aaa/AAA 0.23 BANK 0.5 09/23/2024 0.52% 1,583,827.10 5.40% 2,157.36 (16,553.66) NA 0.23 459058KT9 INTERNATIONAL BANK FOR 500,000.00 07/24/2023 483,115.00 96.35 481,770.48 0.36% Aaa/AAA 4.03 RECONSTRUCTION AND DEVELOPM 4.26% 483,115.00 4.50% 8,215.28 (1,344.53) NA 3.65

3.5 07/12/2028
2,066,942.10 98.29 2,049,043.91 1.53% Aaa/AAA 1.13
Total Supranational 2,085,000.00 1.40% 2,066,942.10 5.19% 10,372.64 (17,898.19) NA 1.03

US TREASURY
91282CCT6 UNITED STATES TREASURY 0.375 2,000,000.00 08/26/2021 1,995,234.38 99.38 1,987,617.18 1.49% Aaa/AA+ 0.13 08/15/2024 0.46% 1,995,234.38 5.30% 2,822.80 (7,617.20) AA+ 0.13 91282CCX7 UNITED STATES TREASURY 0.375 1,800,000.00 09/10/2021 1,796,484.38 98.98 1,781,718.75 1.33% Aaa/AA+ 0.21 09/15/2024 0.44% 1,796,484.38 5.28% 1,980.98 (14,765.63) AA+ 0.21 912828YM6 UNITED STATES TREASURY 1.5 1,700,000.00 09/24/2021 1,749,273.44 98.72 1,678,174.48 1.26% Aaa/AA+ 0.34 10/31/2024 0.55% 1,749,273.44 5.40% 4,296.20 (71,098.96) AA+ 0.33 91282CDH1 UNITED STATES TREASURY 0.75 2,000,000.00 11/29/2021 1,996,328.13 98.31 1,966,132.82 1.47% Aaa/AA+ 0.38 11/15/2024 0.81% 1,996,328.13 5.35% 1,915.76 (30,195.31) AA+ 0.37 91282CDN8 UNITED STATES TREASURY 1.0 900,000.00 12/29/2021 900,386.72 98.08 882,676.76 0.66% Aaa/AA+ 0.46 12/15/2024 0.99% 900,386.72 5.29% 393.44 (17,709.97) AA+ 0.45 912828Z52 UNITED STATES TREASURY 1.375 2,000,000.00 06/04/2021 2,062,500.00 97.76 1,955,195.32 1.46% Aaa/AA+ 0.59 01/31/2025 0.51% 2,062,500.00 5.31% 11,483.52 (107,304.68) AA+ 0.57 912828ZC7 UNITED STATES TREASURY 1.125 1,200,000.00 02/09/2022 1,183,359.38 97.33 1,167,925.78 0.87% Aaa/AA+ 0.67 02/28/2025 1.59% 1,183,359.38 5.24% 4,512.23 (15,433.60) AA+ 0.65 41 268

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912828ZF0 UNITED STATES TREASURY 0.5
03/31/2025
2,000,000.00 03/03/2021

0.54%
1,997,031.25
1,997,031.25

96.57 5.21%
1,931,425.78
2,513.66

1.45%
(65,605.47)
Aaa/AA+
AA+

0.75 0.73
912828ZL7 UNITED STATES TREASURY 0.375
04/30/2025
2,000,000.00 04/12/2021

0.66%
1,977,343.75
1,977,343.75

96.12 5.19%
1,922,363.28
1,263.59

1.44%
(54,980.47)
Aaa/AA+
AA+

0.83 0.81
912828ZT0 UNITED STATES TREASURY 0.25
05/31/2025
1,800,000.00 10/14/2021

0.78%
1,765,757.81
1,765,757.81

95.62 5.19%
1,721,197.26
381.15

1.29%
(44,560.55)
Aaa/AA+
AA+

0.92 0.89
91282CAB7 UNITED STATES TREASURY 0.25
07/31/2025
2,000,000.00 12/02/2021

1.06%
1,942,031.25
1,942,031.25

94.96 5.08%
1,899,296.88
2,087.91

1.42%
(42,734.37)
Aaa/AA+
AA+

1.08 1.06
91282CAJ0 UNITED STATES TREASURY 0.25
08/31/2025
1,000,000.00 03/22/2022

2.42%
928,828.13
928,828.13

94.61 5.06%
946,132.81
835.60

0.71%
17,304.68
Aaa/AA+
AA+

1.17 1.14
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025
3,250,000.00 --

2.90%
3,259,882.81
3,259,882.81

97.56 5.03%
3,170,781.25
24,508.20

2.37%
(89,101.56)
Aaa/AA+
AA+

1.25 1.20
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025
2,500,000.00 06/23/2022

3.02%
2,498,632.81
2,498,632.81

97.47 4.98%
2,436,816.40
12,635.87

1.82%
(61,816.41)
Aaa/AA+
AA+

1.34 1.28
912828M56 UNITED STATES TREASURY 2.25
11/15/2025
2,500,000.00 06/23/2022

3.11%
2,431,152.34
2,431,152.34

96.43 4.97%
2,410,644.53
7,184.10

1.80%
(20,507.82)
Aaa/AA+
AA+

1.38 1.33
9128285T3 UNITED STATES TREASURY 2.625
12/31/2025
2,500,000.00 09/14/2022

3.76%
2,412,792.97
2,412,792.97

96.74 4.90%
2,418,554.70
178.33

1.81%
5,761.73
Aaa/AA+
AA+

1.50 1.44
9128286L9 UNITED STATES TREASURY 2.25
03/31/2026
2,500,000.00 09/14/2022

3.74%
2,377,832.03
2,377,832.03

95.75 4.81%
2,393,750.00
14,139.34

1.79%
15,917.97
Aaa/AA+
AA+

1.75 1.68
91282CGV7 UNITED STATES TREASURY 3.75
04/15/2026
2,000,000.00 03/20/2024

4.63%
1,965,703.13
1,965,703.13

98.21 4.80%
1,964,218.76
15,778.69

1.47%
(1,484.37)
Aaa/AA+
AA+

1.79 1.70
912828U24 UNITED STATES TREASURY 2.0
11/15/2026
3,000,000.00 09/13/2023

4.66%
2,767,031.25
2,767,031.25

94.10 4.65%
2,823,046.86
7,663.04

2.11%
56,015.61
Aaa/AA+
AA+

2.38 2.27
912828YX2 UNITED STATES TREASURY 1.75
12/31/2026
1,750,000.00 12/27/2023

3.96%
1,641,240.23
1,641,240.23

93.33 4.61%
1,633,242.19

83.22 1.22%
(7,998.04)
Aaa/AA+
AA+

2.50 2.40
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
2,500,000.00 11/17/2022

4.02%
2,349,414.06
2,349,414.06

94.79 4.54%
2,369,628.90
15,710.38

1.77%
20,214.84
Aaa/AA+
AA+

2.75 2.60
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027
1,300,000.00 12/12/2022

3.87%
1,266,687.50
1,266,687.50

96.49 4.51%
1,254,347.65
114.81

0.94%
(12,339.85)
Aaa/AA+
AA+

3.00 2.82
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027
2,000,000.00 07/26/2023

4.30%
1,887,109.38
1,887,109.38

94.95 4.52%
1,899,062.50
22,967.03

1.42%
11,953.12
Aaa/AA+
AA+

3.08 2.88
42 269

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027
2,500,000.00 01/24/2023

3.65%
2,445,117.19
2,445,117.19

95.94 4.51%
2,398,437.50
26,112.43

1.80%
(46,679.69)
Aaa/AA+
AA+

3.17 2.94
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027
1,600,000.00 02/22/2023

4.19%
1,595,500.00
1,595,500.00

98.87 4.50%
1,581,875.01
16,590.16

1.18%
(13,624.99)
Aaa/AA+
AA+

3.25 2.98
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027
1,400,000.00 06/07/2023

4.05%
1,298,937.50
1,298,937.50

93.02 4.50%
1,302,328.13
4,023.10

0.98%
3,390.63
Aaa/AA+
AA+

3.38 3.18
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028
2,000,000.00 04/22/2024

4.72%
1,870,625.00
1,870,625.00

94.96 4.40%
1,899,140.62
7,982.34

1.42%
28,515.62
Aaa/AA+
AA+

4.38 4.01
Total US Treasury 53,700,000.00 2.68%
52,362,216.82
52,362,216.82

96.48 4.92%
51,795,732.09
210,157.88

38.78%
(566,484.73)
Aaa/AA+
AA+

1.67 1.58
Total Portfolio 136,616,955.81 3.61%
134,471,001.05
134,471,001.05

97.56 4.98%
133,563,916.03
889,920.51
100.00%
(907,085.02)
Aa2/AA
AA

2.06 1.81
Total Market Value +
Accrued 134,453,836.54
43 270

HOLDINGS REPORT
Murrieta Liquidity | Account | As of June 30, 2024
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 1,037.64 --

0.00%
1,037.64
1,037.64

1.00 0.00%
1,037.64

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,037.64 0.00%
1,037.64
1,037.64

1.00 0.00%
1,037.64

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00

COMMERCIAL
PAPER
89233GNX0 Toyota Motor Credit Corporation
01/31/2025
2,000,000.00 05/21/2024

5.42%
1,925,625.00
1,925,625.00

96.88 5.42%
1,937,684.00

0.00 17.00%
12,059.00
P-1/A-1+
F1

0.59 0.57
62479LQ40 MUFG Bank, Ltd. - New York Branch
03/04/2025
2,700,000.00 06/07/2024

5.36%
2,594,902.50
2,594,902.50

96.40 5.38%
2,602,694.70

0.00 22.83%
7,792.20
P-1/NR
NA

0.68 0.66
Total Commercial
Paper 4,700,000.00 5.39%
4,520,527.50
4,520,527.50

96.60 5.40%
4,540,378.70

0.00 39.83%
19,851.20
P-1/AAA
A+

0.64 0.62

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 141,337.96 --

5.19%
141,337.96
141,337.96

1.00 5.19%
141,337.96

0.00 1.24%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money Market
Fund 141,337.96 5.19%
141,337.96
141,337.96

1.00 5.19%
141,337.96

0.00 1.24%

0.00 Aaa/
AAAm
AAA

0.00 0.00

NEGOTIABLE CD
21684XH82 COÖPERATIEVE RABOBANK U.A.,
NEW YORK BRANCH 5.9 09/06/2024
2,000,000.00 09/13/2023

5.90%
1,999,872.84
1,999,872.84
100.09

5.17%
2,001,814.00
97,677.78

17.56%
1,941.16
P-1/A-1
F1+

0.19 0.18
Total Negotiable CD 2,000,000.00 5.90%
1,999,872.84
1,999,872.84
100.09

5.17%
2,001,814.00
97,677.78

17.56%
1,941.16
P-1/A-1
F1+

0.19 0.18

US TREASURY
44 271

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912797GB7 UNITED STATES TREASURY
07/11/2024
2,750,000.00 01/16/2024

5.20%
2,682,875.25
2,682,875.25

99.85 4.86%
2,745,988.30

0.00 24.09%
63,113.05
P-1/A-1+
F1+

0.03 0.03
912797KU0 UNITED STATES TREASURY
10/17/2024
2,000,000.00 04/22/2024

5.37%
1,949,235.42
1,949,235.42

98.44 5.31%
1,968,770.00

0.00 17.27%
19,534.58
P-1/A-1+
F1+

0.30 0.29
Total US Treasury 4,750,000.00 5.27%
4,632,110.67
4,632,110.67

99.26 5.05%
4,714,758.30

0.00 41.36%
82,647.63
P-1/A-1+
F1+

0.14 0.14
Total Portfolio 11,592,375.60 5.43%
11,294,886.61
11,294,886.61

97.12 5.21%
11,399,326.60
97,677.78
100.00%
104,439.99
Aaa/AA
AA

0.35 0.34
Total Market Value +
Accrued 11,497,004.38
45 272

TRANSACTIONS
46 273

ACQUISITIONS
Purchase 04/01/2024 31846V567 146,125.00 FIRST AMER:GVT OBLGZ

1.000 5.20% (146,125.00) 0.00 (146,125.00) 0.00
Purchase 04/02/2024 31846V567 9,146.55 FIRST AMER:GVT
OBLGZ

1.000 5.20% (9,146.55) 0.00 (9,146.55) 0.00
Purchase 04/09/2024 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 03/26/2027

99.552 4.66% (995,520.00) (1,625.00) (997,145.00) 0.00
Purchase 04/10/2024 31846V567 16,875.00 FIRST AMER:GVT
OBLGZ

1.000 5.17% (16,875.00) 0.00 (16,875.00) 0.00
Purchase 04/15/2024 31846V567 1,200.04 FIRST AMER:GVT
OBLGZ

1.000 5.17% (1,200.04) 0.00 (1,200.04) 0.00
Purchase 04/15/2024 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75
04/09/2027

99.741 4.84% (1,496,115.00) (791.67) (1,496,906.67) 0.00 Purchase 04/16/2024 31846V567 23,842.01 FIRST AMER:GVT
OBLGZ

1.000 5.17% (23,842.01) 0.00 (23,842.01) 0.00
Purchase 04/18/2024 31846V567 1,134.54 FIRST AMER:GVT
OBLGZ

1.000 5.17% (1,134.54) 0.00 (1,134.54) 0.00
Purchase 04/19/2024 31846V567 304,567.66 FIRST AMER:GVT OBLGZ

1.000 5.17% (304,567.66) 0.00 (304,567.66) 0.00
Purchase 04/22/2024 31846V567 27,557.41 FIRST AMER:GVT
OBLGZ

1.000 5.17% (27,557.41) 0.00 (27,557.41) 0.00
Purchase 04/23/2024 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029

99.980 5.23% (639,868.80) 0.00 (639,868.80) 0.00
Purchase 04/23/2024 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125
11/15/2028

93.531 4.72% (1,870,625.00) (27,472.53) (1,898,097.53) 0.00 Purchase 04/25/2024 31846V567 24,017.51 FIRST AMER:GVT
OBLGZ

1.000 5.18% (24,017.51) 0.00 (24,017.51) 0.00
Purchase 04/25/2024 31846V567 36,876.87 FIRST AMER:GVT
OBLGZ

1.000 5.18% (36,876.87) 0.00 (36,876.87) 0.00
47 274

1.000 5.20% (54,000.00) 0.00 (54,000.00) 0.00
Purchase 05/01/2024 31846V567 13,875.00 FIRST AMER:GVT
OBLGZ

1.000 5.20% (13,875.00) 0.00 (13,875.00) 0.00
Purchase 05/02/2024 31846V567 2,876.39 FIRST AMER:GVT
OBLGZ

1.000 5.18% (2,876.39) 0.00 (2,876.39) 0.00
Purchase 05/03/2024 31846V567 16,750.00 FIRST AMER:GVT
OBLGZ

1.000 5.18% (16,750.00) 0.00 (16,750.00) 0.00
Purchase 05/10/2024 31846V567 33,068.75 FIRST AMER:GVT
OBLGZ

1.000 5.18% (33,068.75) 0.00 (33,068.75) 0.00
Purchase 05/13/2024 31846V567 509,285.00 FIRST AMER:GVT OBLGZ

1.000 5.18% (509,285.00) 0.00 (509,285.00) 0.00
Purchase 05/14/2024 31846V567 9,351.64 FIRST AMER:GVT
OBLGZ

1.000 5.18% (9,351.64) 0.00 (9,351.64) 0.00
Purchase 05/14/2024 31846V567 960,000.00 FIRST AMER:GVT OBLGZ

1.000 5.18% (960,000.00) 0.00 (960,000.00) 0.00
Purchase 05/15/2024 31846V567 31,339.46 FIRST AMER:GVT
OBLGZ

1.000 5.18% (31,339.46) 0.00 (31,339.46) 0.00
Purchase 05/15/2024 31846V567 1,722,959.46 FIRST AMER:GVT OBLGZ

1.000 5.18% (1,722,959.46) 0.00 (1,722,959.46) 0.00
Purchase 05/16/2024 31846V567 23,055.39 FIRST AMER:GVT
OBLGZ

1.000 5.18% (23,055.39) 0.00 (23,055.39) 0.00
Purchase 05/17/2024 31846V567 40,468.75 FIRST AMER:GVT
OBLGZ

1.000 5.18% (40,468.75) 0.00 (40,468.75) 0.00
Purchase 05/20/2024 31846V567 19,038.03 FIRST AMER:GVT
OBLGZ

1.000 5.18% (19,038.03) 0.00 (19,038.03) 0.00
Purchase 05/21/2024 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 05/20/2027

99.483 4.69% (994,830.00) (125.00) (994,955.00) 0.00
Purchase 05/21/2024 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.75 05/08/2026

99.769 4.87% (997,690.00) (1,715.28) (999,405.28) 0.00
48 275

99.988 5.32% (349,959.05) 0.00 (349,959.05) 0.00
Purchase 05/28/2024 31846V567 46,580.99 FIRST AMER:GVT
OBLGZ

1.000 5.20% (46,580.99) 0.00 (46,580.99) 0.00
Purchase 05/31/2024 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028

95.781 4.94% (1,197,265.63) (4,062.50) (1,201,328.13) 0.00 Purchase 06/03/2024 31846V567 16,525.00 FIRST AMER:GVT
OBLGZ

1.000 5.20% (16,525.00) 0.00 (16,525.00) 0.00
Purchase 06/04/2024 31846V567 5,885.66 FIRST AMER:GVT
OBLGZ

1.000 5.18% (5,885.66) 0.00 (5,885.66) 0.00
Purchase 06/06/2024 31846V567 18,830.00 FIRST AMER:GVT
OBLGZ

1.000 5.18% (18,830.00) 0.00 (18,830.00) 0.00
Purchase 06/07/2024 31846V567 761,710.00 FIRST AMER:GVT OBLGZ

1.000 5.18% (761,710.00) 0.00 (761,710.00) 0.00
Purchase 06/10/2024 31846V567 101,241.25 FIRST AMER:GVT OBLGZ

1.000 5.18% (101,241.25) 0.00 (101,241.25) 0.00
Purchase 06/11/2024 096919AD7 600,000.00 BMWOT 2024-A A3

5.18 02/26/2029

99.985 5.18% (599,908.86) 0.00 (599,908.86) 0.00
Purchase 06/12/2024 31846V567 47,500.00 FIRST AMER:GVT
OBLGZ

1.000 5.18% (47,500.00) 0.00 (47,500.00) 0.00
Purchase 06/14/2024 31846V567 2,028,750.00 FIRST AMER:GVT OBLGZ

1.000 5.18% (2,028,750.00) 0.00 (2,028,750.00) 0.00
Purchase 06/17/2024 31846V567 52,623.18 FIRST AMER:GVT
OBLGZ

1.000 5.18% (52,623.18) 0.00 (52,623.18) 0.00
Purchase 06/17/2024 31846V567 134,422.41 FIRST AMER:GVT OBLGZ

1.000 5.18% (134,422.41) 0.00 (134,422.41) 0.00
Purchase 06/18/2024 31846V567 28,715.53 FIRST AMER:GVT
OBLGZ

1.000 5.18% (28,715.53) 0.00 (28,715.53) 0.00
Purchase 06/18/2024 31846V567 1,140,000.00 FIRST AMER:GVT OBLGZ

1.000 5.18% (1,140,000.00) 0.00 (1,140,000.00) 0.00
Purchase 06/20/2024 31846V567 37,185.29 FIRST AMER:GVT
OBLGZ

1.000 5.19% (37,185.29) 0.00 (37,185.29) 0.00
49 276

1.000 5.18% (16,066.50) 0.00 (16,066.50) 0.00
Purchase 06/21/2024 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55
09/20/2027

98.990 4.89% (989,900.00) (11,501.39) (1,001,401.39) 0.00 Purchase 06/21/2024 05611UAD5 1,000,000.00 BMWLT 2024-1 A3

4.98 03/25/2027

99.469 5.19% (994,687.50) (3,596.67) (998,284.17) 0.00
Purchase 06/24/2024 3130B0ZP7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.875
03/13/2026
100.045 4.85% (1,000,450.00) (8,802.08) (1,009,252.08) 0.00 Purchase 06/25/2024 31846V567 52,781.90 FIRST AMER:GVT
OBLGZ

1.000 5.18% (52,781.90) 0.00 (52,781.90) 0.00
Purchase 06/25/2024 437076DB5 240,000.00 HOME DEPOT INC

4.875 06/25/2027

99.669 5.00% (239,205.60) 0.00 (239,205.60) 0.00
Purchase 06/25/2024 437076DB5 500,000.00 HOME DEPOT INC

4.875 06/25/2027

99.868 4.92% (499,340.00) 0.00 (499,340.00) 0.00
Total Purchase 21,596,228.17 (21,381,593.61) (59,692.12) (21,441,285.73) 0.00 TOTAL
ACQUISITIONS 21,596,228.17 (21,381,593.61) (59,692.12) (21,441,285.73) 0.00

DISPOSITIONS
Call
Redemption
05/14/2024 06051GJY6 (960,000.00) BANK OF AMERICA
CORP 5.74866
06/14/2024
100.000 5.82% 960,000.00 0.00 960,000.00 (64.00)
Total Call
Redemption (960,000.00) 960,000.00 0.00 960,000.00 (64.00) Maturity 04/15/2024 91282CBV2 (1,100,000.00) UNITED STATES TREASURY 0.375
04/15/2024
100.000 0.38% 1,100,000.00 0.00 1,100,000.00 (644.53)
Maturity 05/12/2024 023135BW5 (500,000.00) AMAZON.COM INC

0.45 05/12/2024
100.000 0.45% 500,000.00 0.00 500,000.00 730.00
50 277

TRANSACTION LEDGER
City of Murrieta | Account |04/01/2024 Through 06/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Maturity 05/15/2024 91282CCC3 (1,000,000.00) UNITED STATES TREASURY 0.25
05/15/2024
100.000 0.25% 1,000,000.00 0.00 1,000,000.00 3,125.00
Maturity 05/15/2024 91324PEB4 (425,000.00) UNITEDHEALTH GROUP INC 0.55 05/15/2024
100.000 0.55% 425,000.00 0.00 425,000.00 2,439.50
Maturity 06/07/2024 24422EVQ9 (760,000.00) JOHN DEERE CAPITAL CORP 0.45 06/07/2024
100.000 0.45% 760,000.00 0.00 760,000.00 950.00
Maturity 06/14/2024 3130A1XJ2 (2,000,000.00) FEDERAL HOME LOAN BANKS 2.875
06/14/2024
100.000 2.88% 2,000,000.00 0.00 2,000,000.00 (101,140.00) Maturity 06/18/2024 89236TJH9 (1,140,000.00) TOYOTA MOTOR CREDIT CORP 0.5
06/18/2024
100.000 0.50% 1,140,000.00 0.00 1,140,000.00 1,356.60
Total Maturity (6,925,000.00) 6,925,000.00 0.00 6,925,000.00 (93,183.43) Sale 04/09/2024 31846V567 (997,145.00) FIRST AMER:GVT
OBLGZ

1.000 5.17% 997,145.00 0.00 997,145.00 0.00
Sale 04/15/2024 31846V567 (204,471.06) FIRST AMER:GVT
OBLGZ

1.000 5.17% 204,471.06 0.00 204,471.06 0.00
Sale 04/19/2024 023135BW5 (305,000.00) AMAZON.COM INC

0.45 05/12/2024

99.662 0.50% 303,969.10 598.56 304,567.66 (585.60)
Sale 04/23/2024 3135G0V75 (2,000,000.00) FEDERAL NATIONAL

MORTGAGE
ASSOCIATION 1.75
07/02/2024

99.297 1.66% 1,985,940.00 10,791.67 1,996,731.67 (21,720.00) Sale 04/23/2024 31846V567 (541,234.66) FIRST AMER:GVT
OBLGZ

1.000 5.18% 541,234.66 0.00 541,234.66 0.00
Sale 04/26/2024 31846V567 (363.00) FIRST AMER:GVT
OBLGZ

1.000 5.18% 363.00 0.00 363.00 0.00
Sale 05/21/2024 31846V567 (1,970,676.55) FIRST AMER:GVT OBLGZ

1.000 5.18% 1,970,676.55 0.00 1,970,676.55 0.00
Sale 05/23/2024 31846V567 (349,959.05) FIRST AMER:GVT
OBLGZ

1.000 5.19% 349,959.05 0.00 349,959.05 0.00
51 278

1.000 5.20% 360.00 0.00 360.00 0.00
Sale 05/31/2024 31846V567 (1,199,078.13) FIRST AMER:GVT OBLGZ

1.000 5.20% 1,199,078.13 0.00 1,199,078.13 0.00
Sale 06/11/2024 31846V567 (599,908.86) FIRST AMER:GVT
OBLGZ

1.000 5.18% 599,908.86 0.00 599,908.86 0.00
Sale 06/21/2024 31846V567 (1,999,685.56) FIRST AMER:GVT OBLGZ

1.000 5.18% 1,999,685.56 0.00 1,999,685.56 0.00
Sale 06/24/2024 31846V567 (1,009,252.08) FIRST AMER:GVT OBLGZ

1.000 5.18% 1,009,252.08 0.00 1,009,252.08 0.00
Sale 06/25/2024 31846V567 (720,617.63) FIRST AMER:GVT
OBLGZ

1.000 5.18% 720,617.63 0.00 720,617.63 0.00
Sale 06/26/2024 31846V567 (385.00) FIRST AMER:GVT
OBLGZ

1.000 5.19% 385.00 0.00 385.00 0.00
Total Sale (11,898,136.58) 11,883,045.68 11,390.23 11,894,435.91 (22,305.60) TOTAL
DISPOSITIONS (19,783,136.58) 19,768,045.68 11,390.23 19,779,435.91 (115,553.03) 52 279

ACQUISITIONS
Purchase 04/02/2024 31846V567 439.18 FIRST AMER:GVT
OBLGZ

1.000 5.20% (439.18) 0.00 (439.18) 0.00
Purchase 04/12/2024 31846V567 2,000,000.00 FIRST AMER:GVT OBLGZ

1.000 5.17% (2,000,000.00) 0.00 (2,000,000.00) 0.00
Purchase 04/23/2024 912797KU0 2,000,000.00 UNITED STATES TREASURY 10/17/2024

97.462 5.37% (1,949,235.42) 0.00 (1,949,235.42) 0.00
Purchase 05/02/2024 31846V567 3,628.22 FIRST AMER:GVT
OBLGZ

1.000 5.18% (3,628.22) 0.00 (3,628.22) 0.00
Purchase 05/21/2024 31846V567 74,375.00 FIRST AMER:GVT
OBLGZ

1.000 5.18% (74,375.00) 0.00 (74,375.00) 0.00
Purchase 05/21/2024 89233GNX0 2,000,000.00 Toyota Motor Credit Corporation
01/31/2025

96.281 5.42% (1,925,625.00) 0.00 (1,925,625.00) 0.00
Purchase 06/04/2024 31846V567 824.66 FIRST AMER:GVT
OBLGZ

1.000 5.18% (824.66) 0.00 (824.66) 0.00
Purchase 06/06/2024 31846V567 2,500,000.00 FIRST AMER:GVT OBLGZ

1.000 5.18% (2,500,000.00) 0.00 (2,500,000.00) 0.00
Purchase 06/07/2024 62479LQ40 2,700,000.00 MUFG Bank, Ltd. - New York Branch
03/04/2025

96.108 5.36% (2,594,902.50) 0.00 (2,594,902.50) 0.00
Total Purchase 11,279,267.06 (11,049,029.98) 0.00 (11,049,029.98) 0.00 TOTAL
ACQUISITIONS 11,279,267.06 (11,049,029.98) 0.00 (11,049,029.98) 0.00

DISPOSITIONS
Maturity 04/12/2024 62479LDC6 (2,000,000.00) MUFG Bank, Ltd., New York Branch
04/12/2024
100.000 0.00% 2,000,000.00 0.00 2,000,000.00 66,113.33
53 280

TRANSACTION LEDGER
Murrieta Liquidity | Account |04/01/2024 Through 06/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Maturity 05/21/2024 89233GEM4 (2,000,000.00) Toyota Motor Credit Corporation
05/21/2024
100.000 0.00% 2,000,000.00 0.00 2,000,000.00 72,123.33
Maturity 06/06/2024 912797HT7 (2,500,000.00) UNITED STATES TREASURY 06/06/2024
100.000 0.00% 2,500,000.00 0.00 2,500,000.00 33,066.49
Total Maturity (6,500,000.00) 6,500,000.00 0.00 6,500,000.00 171,303.15 Sale 04/23/2024 31846V567 (1,949,235.42) FIRST AMER:GVT OBLGZ

1.000 5.18% 1,949,235.42 0.00 1,949,235.42 0.00
Sale 06/07/2024 31846V567 (2,594,902.50) FIRST AMER:GVT OBLGZ

1.000 5.18% 2,594,902.50 0.00 2,594,902.50 0.00
Total Sale (4,544,137.92) 4,544,137.92 0.00 4,544,137.92 0.00 TOTAL
DISPOSITIONS (11,044,137.92) 11,044,137.92 0.00 11,044,137.92 171,303.15 54 281

IMPORTANT DISCLOSURES
City of Murrieta | Account | As of June 30, 2024
2024 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “asis” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

BENCHMARK DISCLOSURES
City of Murrieta | Account | As of June 30, 2024
Benchmark Disclosure
ICE BofA 1-3 Yr US Treasury Index The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion.

Qualifying securities must have at least 18 months to final maturity at the time of issuance. 56 283
MALIA M. COHEN
California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name MURRIETA
Account Number
As of 07/15/2024, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 06/30/2024.

Earnings Ratio .00012419067099490
Interest Rate 4.55%
Dollar Day Total $ 173,588,771.65
Quarter End Principal Balance $ 1,910,673.89
Quarterly Interest Earned $ 21,558.11
7/16/24, 3:12 PM Untitled Page
https://laif.sco.ca.gov/Result.aspx 1/1 284

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 04/01/2024 THROUGH 04/30/2024

FOR QUESTIONS, PLEASE CALL YOUR CUSTOMER SERVICE OFFICER OR CUSTOMER CARE FOR BUSINESS (CC4B) SERVICE OFFICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
4-01-2024 Beginning Balance 111,628,441.76
4-01-2024 Next Day Sweep Purchase 1,798,124.25
4-01-2024 Sweep Funds Return To DDA 163,570.83
4-02-2024 Next Day Sweep Purchase 386,711.85
4-03-2024 Sweep Funds Return To DDA 131,414.97
4-04-2024 Sweep Funds Return To DDA 2,078,278.45
4-05-2024 Sweep Funds Return To DDA 615,344.63
4-08-2024 Sweep Funds Return To DDA 123,731.62
4-09-2024 Sweep Funds Return To DDA 532,395.47
4-10-2024 Sweep Funds Return To DDA 210,642.26
4-11-2024 Next Day Sweep Purchase 226,028.13
4-12-2024 Sweep Funds Return To DDA 184,397.87
4-15-2024 Next Day Sweep Purchase 195,356.70
4-16-2024 Next Day Sweep Purchase 2,795,127.07
4-17-2024 Sweep Funds Return To DDA 1,749,107.19
4-18-2024 Sweep Funds Return To DDA 150,134.95
4-19-2024 Next Day Sweep Purchase 852,524.12
4-22-2024 Sweep Funds Return To DDA 772,979.45
4-23-2024 Next Day Sweep Purchase 3,225.94
4-24-2024 Sweep Funds Return To DDA 135,888.58
4-25-2024 Next Day Sweep Purchase 3,418,385.82
4-26-2024 Sweep Funds Return To DDA 38,425.82
4-29-2024 Next Day Sweep Purchase 1,158,088.13
4-30-2024 Sweep Funds Return To DDA 604,912.20
4-30-2024 Ending Balance 114,970,789.48
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 04-01 113,262,995.18 5.202 % .000142535 16,143.94
04-02 113,649,707.03 5.232 % .000143346 16,291.23
04-03 113,518,292.06 5.226 % .000143188 16,254.46
04-04 111,440,013.61 5.222 % .000143080 15,944.84

Page 1 of 2 ends

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 1,847,791.28
Federal Withholding YTD .00
7-Day Simple Yield 5.22800 %
Federal Withholding .00
Beginning Balance 111,628,441.76
Shares Purchased 10,833,572.01 +
Shares Redeemed 7,491,224.29 -
Ending Balance 114,970,789.48
Prior Month Dividends Paid to Checking 487,911.46
Dividends Earned in Current Month 480,332.83
Funds Pending Redemption 672,809.94-
285

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 04-05 110,824,668.98 5.223 % .000143102 15,859.23
04-06* 110,700,937.36 5.223 % .000143102 15,841.53
04-07* 110,700,937.36 5.223 % .000143102 15,841.53
04-08 110,700,937.36 5.226 % .000143195 15,851.82
04-09 110,168,541.89 5.225 % .000143175 15,773.38
04-10 109,957,899.63 5.222 % .000143078 15,732.56
04-11 110,183,927.76 5.223 % .000143107 15,768.09
04-12 109,999,529.89 5.226 % .000143188 15,750.61
04-13* 109,999,529.89 5.226 % .000143188 15,750.61
04-14* 109,999,529.89 5.226 % .000143188 15,750.61
04-15 110,194,886.59 5.226 % .000143190 15,778.81
04-16 112,990,013.66 5.221 % .000143059 16,164.24
04-17 111,240,906.47 5.217 % .000142952 15,902.11
04-18 111,090,771.52 5.217 % .000142940 15,879.31
04-19 111,943,295.64 5.216 % .000142918 15,998.71
04-20* 111,170,316.19 5.216 % .000142918 15,888.24
04-21* 111,170,316.19 5.216 % .000142918 15,888.24
04-22 111,170,316.19 5.219 % .000143010 15,898.47
04-23 111,173,542.13 5.221 % .000143052 15,903.60
04-24 111,037,653.55 5.223 % .000143105 15,890.04
04-25 114,456,039.37 5.226 % .000143185 16,388.39
04-26 114,417,613.55 5.227 % .000143206 16,385.29
04-27* 114,417,613.55 5.227 % .000143206 16,385.29
04-28* 114,417,613.55 5.227 % .000143206 16,385.29
04-29 115,575,701.68 5.230 % .000143298 16,561.77
04-30 114,970,789.48 5.232 % .000143346 16,480.60
TOTAL MTD 480,332.84
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
04/01/2024 - 04/30/2024

Page 2 of 2 ends

Account Number - DDA
1643979121
286

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 05/01/2024 THROUGH 05/31/2024

FOR QUESTIONS, PLEASE CALL YOUR CUSTOMER SERVICE OFFICER OR CUSTOMER CARE FOR BUSINESS (CC4B) SERVICE OFFICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
5-01-2024 Beginning Balance 114,970,789.48
5-01-2024 Sweep Funds Return To DDA 672,809.94
5-02-2024 Sweep Funds Return To DDA 741,014.39
5-03-2024 Next Day Sweep Purchase 211,068.09
5-06-2024 Sweep Funds Return To DDA 542,247.42
5-07-2024 Sweep Funds Return To DDA 403,726.95
5-08-2024 Sweep Funds Return To DDA 839,160.54
5-09-2024 Next Day Sweep Purchase 17,141.67
5-10-2024 Next Day Sweep Purchase 280,875.90
5-13-2024 Next Day Sweep Purchase 923,701.76
5-14-2024 Sweep Funds Return To DDA 359,761.14
5-15-2024 Sweep Funds Return To DDA 124,981.73
5-16-2024 Sweep Funds Return To DDA 2,263,561.94
5-17-2024 Next Day Sweep Purchase 213,777.30
5-20-2024 Sweep Funds Return To DDA 577,656.00
5-21-2024 Next Day Sweep Purchase 331,954.78
5-22-2024 Sweep Funds Return To DDA 19,389.77
5-23-2024 Sweep Funds Return To DDA 631,542.16
5-24-2024 Sweep Funds Return To DDA 290,712.09
5-28-2024 Next Day Sweep Purchase 22,386,151.14
5-29-2024 Sweep Funds Return To DDA 1,808,086.37
5-30-2024 Sweep Funds Return To DDA 893,901.45
5-31-2024 Sweep Funds Return To DDA 406,450.58
5-31-2024 Ending Balance 128,760,457.65
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 05-01 114,297,979.54 5.226 % .000143185 16,365.76
05-02 113,556,965.15 5.206 % .000142646 16,198.45
05-03 113,768,033.24 5.222 % .000143069 16,276.68
05-04* 113,225,785.82 5.222 % .000143069 16,199.10
05-05* 113,225,785.82 5.222 % .000143069 16,199.10

Page 1 of 2 ends

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
05/01/2024 - 05/31/2024

Page 2 of 2 ends

Account Number - DDA
1643979121
288

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 06/01/2024 THROUGH 06/30/2024

FOR QUESTIONS, PLEASE CALL YOUR CUSTOMER SERVICE OFFICER OR CUSTOMER CARE FOR BUSINESS (CC4B) SERVICE OFFICE AT 1-800-AT-WELLS (1-800-289-3557).

Page 1 of 2 ends

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
06/01/2024 - 06/30/2024

Page 2 of 2 ends

Account Number - DDA
1643979121
290
CSD/LLD, 3.38% Debt Service Funds, 2.86%
Development Impact Funds, 20.33%
Fire, 3.63%
General Fund, 27.60% Grant Funding, 3.81%
Housing Authority, 1.09%
ISF, 1.82%
Library, 0.63%
Measure A/Gas …
Measure T, 18.31%
Special Revenue, 4.74%
Successor Agency, 0.58% Trust/ Custodial Accounts, 0.02% TOTAL PORTFOLIO COMPOSITION AS OF JUNE 30, 2024
291

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/20/2024
Agenda Item No. 7.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Diego Chavez, Administrative Services Director
PREPARED BY: Diane Kohanyi, Management Analyst - IT
SUBJECT:

Agreement with NEOGOV

RECOMMENDATION
Approve a three-year agreement with GovernmentJobs.com, Inc. dba NEOGOV for Human Resources Management System Subscriptions in the amount not to exceed $179,313.70; Authorize the exemption from bidding requirements; and
Authorize the City Manager to execute the necessary documents.

PRIOR ACTION/VOTE
On September 21, 2021, the City Council adopted a resolution entering into an agreement with GovernmentJobs.com, inc. (dba NEOGOV) for insight enterprise, governmentjobs.com, perform, and onboard subscriptions (Vote: 5-0).

On May 17, 2022, the City Council approved an updated agreement to add the eForms module to the suite of services provided by NEOGOV (Vote: 5-0).

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
The City of Murrieta (City) uses the NEOGOV Human Resources Management System (HRMS), which includes subscription services to GovernmentJobs.com, and the Insight, Perform, and Onboard modules.

GovernmentJobs.com is an online recruiting system dedicated to advertising public sector employment opportunities. The Insight module is an applicant-tracking solution that automates the hiring process and meets compliance requirements. The Perform module allows supervisors to provide ongoing feedback to employees and document performance evaluations. The Onboard module streamlines the new hire CITY OF MURRIETA Page 1 of 2 Printed on 8/15/2024
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8/20/2024
Agenda Item No. 7.

Onboarding process with electronic paperwork capabilities, policy deployment, and training.

On October 1, 2015, the City entered into an agreement with NEOGOV for GovernmentJobs.com and Insight for $14,000. The agreement allows for automatic renewals every year for an additional 12-month term. On August 10, 2016, the City added the Onboard module for $4,812.50, and on May 10, 2017, added the Perform module for $9,000. The City has continued with auto-renewals, with the renewal of all four (4) modules costing $29,775.12 for Fiscal Year 2020/21. On September 21, 2021, the City Council approved a three-year renewal agreement with NEOGOV, which is set to expire on September 30, 2024.

In May 2022, the City Council approved an update to the Agreement to add a subscription for eForm Services to the suite of services provided by NEOGOV. eForms allows HR Staff to be more efficient and empowers employees to self-initiate processes and track statuses to completion. The cost for eForms for Fiscal Year 2023/24 was $24,773.00, bringing the total updated agreement costs to $57,660.07.

Murrieta Municipal Code Section 3.08.280(l) allows exceptions for the acquisition of information technology software and related services in a competitive process. Staff recommends entering into a three-year agreement with NEOGOV to continue services and avoid disruption. If the City stops using NEOGOV services, it will need to either switch to a different HRMS for handling recruitments and performance evaluations or return to a manual paper process. This change would be an extended effort requiring significant staff time and would impact the City's established processes.

FISCAL IMPACT
The total cost related to this agreement is $179,313.70 for three years. A budget appropriation of $19,857.25 is requested to establish an expenditure budget of $56,049.10 in account 7268340-62160 to cover Fiscal Year 2024/25 costs. The Information Services Fund (Fund 726) has ample Unassigned Fund Balance to support the increase in costs. The following years of the agreement will be budgeted through the upcoming Biennial Budget process.

ATTACHMENTS

1. NEOGOV Service Agreement

2. NEOGOV Order Form
CITY OF MURRIETA Page 2 of 2 Printed on 8/15/2024
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1 SERVICES AGREEMENT
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You agree that by placing an order through a NEOGOV standard ordering document such as an “Order Form”, “Service Order,” “Ordering Document,” “SOW” or other document mutually agreed by the parties detailing the services, pricing and subscription term (each, an “Order Form” for purposes of this Agreement), you agree to follow and be bound by the terms and conditions set forth herein. “Governmentjobs.com”, “NEOGOV”, “we”, and “our” means Governmentjobs.com, Inc. (D/B/A/ NEOGOV), for and on behalf of itself and its subsidiaries PowerDMS, Inc., Cuehit, Inc., Ragnasoft LLC (D/B/A/ PlanIT Schedule), and Design PD, LLC (D/B/A Agency360) (collectively, “NEOGOV” and, where applicable, its other affiliates; “Customer”, “you”, “your” means the NEOGOV client, customer, and/or the subscriber identified in the Order Form). “Services Agreement” or the “Agreement” shall be used to collectively refer to this NEOGOV Services Agreement, documents incorporated herein including the applicable Order Form, each Addendum (as applicable), and Special Conditions (if any). “Addendum” means each Addendum set forth either as an Exhibit hereto or otherwise made available at https://www.neogov.com/service-specifications (the “NEOGOV Site”) and, as applicable, made a part of this Agreement. “Special Conditions” means individually negotiated variations, amendments and/or additions to this Service Agreement of which are either drafted, or incorporated by reference, into the Order Form.

1. Provision of Services. Subject to the terms of this Agreement NEOGOV hereby agrees to provide Customer with access to its SaaS Applications and Professional Services (each defined below) included or ordered by Customer in the applicable Order Form (collectively referred to as the “Services”). Customer hereby acknowledges and agrees that NEOGOV’s provision and performance of, and Customer’s access to, the Services is dependent and conditioned upon Customer’s full performance of its duties, obligations and responsibilities hereunder. This Agreement entered into as of the earlier of: (i) date of your signature on an applicable Order Form; or (ii) use of the Services commences (the “Effective Date”). The Agreement supersedes any prior and contemporaneous discussions, agreements or representations and warranties.

2. SaaS Subscription.
a) Subscription Grant. “SaaS Applications” means each proprietary NEOGOV web-based software-as-a-service application that may be set forth on an Order Form and subsequently made available by NEOGOV to Customer, and associated components as described in any written service specifications made available to Customer by NEOGOV (the “Service Specifications”). Subject to and conditioned on Customer’s and its Authorized Users’ compliance with the terms and conditions of this Agreement, NEOGOV hereby grants to Customer a limited, non-exclusive, non-transferable, and nonsublicensable right to (i) onboard, access and use, and to permit Authorized Users to onboard, access and use, the SaaS Applications specified in the Order Form solely for Customer’s internal, non-commercial purposes; (ii) generate, print, and download Customer Data as may result from any access to or use of the SaaS Applications; and (iii) train Authorized Users in uses of the SaaS Applications permitted hereunder (these rights shall collectively be referred to as the “SaaS Subscription”). “Authorized Users” means (1) Customer employees, agents, contractors, consultants (“Personnel”) who are authorized by Customer to access and use the Services under the rights granted to Customer pursuant to this Services Agreement and (2) for whom access to the Services has been purchased hereunder. You shall not exceed the usage limits (if any) as detailed in the user tier in the applicable Order Form. You may not access the SaaS Applications if you are a direct competitor of NEOGOV or its affiliates. In addition, you may not access the SaaS Applications for purposes of monitoring their availability, performance, or functionality, or for any other benchmarking or competitive purposes. You shall be responsible for each Authorized User’s access to and use of the SaaS Applications and compliance with applicable terms and conditions of this Agreement.
b) Subscription Term. Unless otherwise specified in an applicable Order Form, SaaS Subscriptions shall commence on the Effective Date and remain in effect for twelve (12) consecutive months, unless terminated earlier in accordance with this Agreement (the “Initial Term”). Thereafter, SaaS Subscriptions shall automatically renew for successive twelve (12) month terms (each a “Renewal Term” and together with the Initial Term, collectively, the “Term”) unless a party delivers to the other party, at least sixty (60) days prior to the expiration of the Initial Term or the applicable Renewal Term, written notice of such party’s intention to not renew the SaaS Subscriptions, or unless terminated earlier in accordance with this Agreement. The Term for the Services is a continuous and non-divisible commitment for the full duration regardless of any invoice schedule. The purchase of any Service is separate from any other order for any other Service.

Customer may purchase certain Services independently of other Services. Your obligation to pay for any Service is not contingent on performance of any other Service or delivery of any other Service.

3. Customer Responsibilities.
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2 a) Managing the Subscription. Customer may use the Service in a manner consistent with the terms of this Agreement.

Customer will provide NEOGOV all information needed to process the Order Form to activate the subscription and provision the Service to the Customer.
b) Managing Authorized Users. Customer is responsible for managing the Authorized Users on its account on the Service. i) Invitations and Permissions. Customer is responsible for determining which persons to invite to join the Customer’s account on the Service and for all actions by Authorized Users on Customer’s account on the Service. Customer is solely in control of the individual permissions on the Customer’s account. ii) Customer Obligations. Customer must: (A) obtain any rights, permissions, or consents that are necessary for the Authorized User’s lawful use of Customer Data and the operation of the Service; (B) ensure that the transfer and processing of Customer Data under the Agreement is lawful; and (C) respond to and resolve any dispute with an Authorized User relating to or based on Customer Data, the Service, or Customer’s failure to fulfill its obligations under the Agreement or applicable law. Customer will not, and will ensure its Authorized Users do not (a) make any of the Services available to anyone other than Authorized Users or use any Services for the benefit of anyone other than Customer and its Authorized Users, unless otherwise agreed in writing by the parties, (b) sell, resell, license, sublicense, distribute, make available, rent or lease any of the Services, or include any of the Services in a service bureau or outsourcing offering, unless otherwise agreed in writing by the parties, (c) use the Services to store or transmit infringing, libelous, or otherwise unlawful or tortious material, or to store or transmit material in violation of the privacy rights, publicity rights, copyright rights, or other rights of any person or entity, (d) use the Services to store or transmit code, files, scripts, agents or programs intended to do harm, including, for example, viruses, worms, time bombs and Trojan horses, (e) interfere with or disrupt the integrity or performance of the Services (including, without limitation, activities such as security penetration tests, stress tests, and spamming activity), (f) attempt to gain unauthorized access to the Services or its related systems or networks, (g) disassemble, reverse engineer, or decompile the Services, or modify, copy, or create derivative works based on the Services or any part, feature, function or user interface thereof, (h) remove the copyright, trademark, or any other proprietary rights or notices included within NEOGOV Intellectual Property and on and in any documentation or training materials, or (i) use the Services in a manner which violates the terms of this Agreement, any Order Form or any applicable laws.

4. Professional Services. “Professional Services” shall mean professional services purchased by Customer as detailed in an applicable Order Form or NEOGOV Scope of Work (SOW) describing the work to be performed, fees, and any applicable milestones, dependencies, and other technical specifications or related information. Professional Services include training, set-up, implementation, and best practices of and concerning the SaaS Applications. Professional Services are subject to the terms of the Professional Services Addendum made available on the NEOGOV Site and made a part hereof and may be subject to additional terms pursuant to an SOW and Service Specifications describing, if applicable, the work to be performed, fees, and any applicable milestones, dependencies, and other technical specifications or related information. Order Forms or SOWs must be signed by Customer before NEOGOV shall commence work. If Customer executes a separate SOW, this Agreement and documents incorporated herein (including but not limited to the Professional Services Addendum) shall control in the event of a conflict with the terms of the SOW.

5. Payment Terms.
a) Fees. Customer shall pay all Subscription, Onboarding and Set-Up fees (“Subscription Fees”) and Professional Service fees (“Professional Service Fees”, collectively the “Fees”) as set forth in an Order Form within thirty (30) days of the date of NEOGOV’s invoice. Fees shall be invoiced annually in advance and in a single invoice for each Term. Unless explicitly stated otherwise in an Order Form, all payments due under an Order Form are expressed in and shall be paid in U.S. dollars. Invoices shall be delivered to the stated “Bill To” party on the Order Form. Unless explicitly provided otherwise, once placed the Order Form is non-cancellable and sums paid nonrefundable. Any invoiced amount that is not received by NEOGOV when due as set forth in an Order Form will be subject to a late payment fee of 1.5% per month or the maximum rate permitted by law, whichever is lower. If any amount owing by Customer is more than 30 days overdue, NEOGOV may, without limiting its other rights and remedies, suspend the Services until such amounts are paid in full. If Subscription Fees are based upon the Authorized User or employee count as may be specified in an Order Form, Customer shall owe NEOGOV supplemental Subscription Fees to the extent Customer exceeds the number of Authorized Users or employees set forth in the Order Form. Except as otherwise specifically stated in the Order Form, NEOGOV may change the charges for the Services with effect from the start of each Renewal Term by providing Customer with new pricing at least thirty (30) day notice prior to commencement of a Renewal Term. The new pricing shall be deemed to be effective if Customer (a) returns an executed Order Form to NEOGOV, (b) remits payment to NEOGOV of the fees set forth in the invoice referencing the new pricing, or (c) the Customer or any of its Authorized Users access or use the Services after the expiration of the previous Term. 295
3 b) Taxes. Customer will pay all taxes, duties and levies imposed by all federal, state, and local authorities (including, without limitation, export, sales, use, excise, and value-added taxes) based on the transactions or payments under this Agreement, except those taxes imposed or based on NEOGOV’s net income or those exempt by applicable state law.

Customer shall provide NEOGOV with a certificate or other evidence of such exemption within ten (10) days after the Effective Date of this Agreement and thereafter upon NEOGOV’s request therefor. c) Purchase Orders. Any reference to a purchase order in an Order Form or any associated invoice is solely for Customer's convenience in record keeping, and no such reference or any delivery of services to Customer following receipt of any purchase order shall be deemed an acknowledgement of or an agreement to any terms or conditions referenced or included in any such purchase order. If a purchase order is delivered by Customer in connection with the purchase of Services, none of the terms and conditions contained in such purchase order shall have any effect or modify or supersede the terms and conditions of this Agreement. NEOGOV’s failure to object to terms contained in any such purchase order shall not be a waiver of the terms set forth in this provision or in this Agreement.

6. Term and Termination.
a) Term. This Agreement shall commence on the Effective Date and shall remain in effect until all SaaS Subscriptions have expired and/or both parties have achieved full performance of Professional Services, unless it is terminated earlier in accordance with this Agreement.
b) Termination for Cause; Effect of Termination. Either Party may terminate this Agreement immediately if the other is in material breach of this Agreement and such breach is not cured within thirty (30) days following non-breaching party’s written specification of the breach. NEOGOV may suspend the Services or terminate this Agreement immediately in the event the Services or Customer’s use of the Services provided hereunder pose a security risk to the Services, NEOGOV or any third party, or become illegal or contrary to any applicable law, rule, regulation, or public policy. Upon expiration or any termination of this Agreement, Customer shall cease all use and refrain from all further use of the Services and other NEOGOV Intellectual Property. Additionally, Customer shall be obligated to pay, as of the effective date of such expiration or termination, all amounts due and unpaid to NEOGOV under this Agreement. Unless otherwise specified, following 90 days after expiration or termination of the Agreement NEOGOV may remove Customer Data from NEOGOV Services and without Customer consent or notice.

7. Audit Rights. Upon reasonable notice, NEOGOV or its agent shall have the right to audit Customer’s records relating to its compliance with this Agreement. Customer shall cooperate fully with this audit. If any audit conducted under this Section indicates that any amount due to NEOGOV was underpaid, Customer shall within three (3) business days pay to NEOGOV the amount due. All expenses associated with any such audit shall be paid by NEOGOV unless the audit reveals underpayment in excess of five percent (5%), in which case Customer shall pay such expenses as well as any amount due to NEOGOV.

8. Maintenance; Modifications; Support Services.
a) Maintenance, Updates, Upgrades. NEOGOV maintains NEOGOV’s hardware and software infrastructure for the Services and is responsible for maintaining the NEOGOV server operation and NEOGOV database security. NEOGOV may in its sole discretion, periodically modify, Update, and Upgrade the features, components, and functionality of the Services during the Term. “Update” means any update, bug fix, patch or correction of the Services or underlying NEOGOV software that NEOGOV makes generally available to its customers of the same module, excluding Upgrades.

Updates are automatic and available upon Customer’s next login to the Services following an Update at no additional cost to Customer. “Upgrade” means any update of the Services or underlying NEOGOV software such as platform updates, and major product enhancements and/or new features that NEOGOV makes commercially available. NEOGOV shall have no obligation to provide Upgrades to customers and retains the right to offer Upgrades free of cost or on a per customer basis at additional cost. NEOGOV shall have no liability for, or any obligations to, investments in, or modifications to Customer’s hardware, systems or other software which may be necessary to use or access the Services due to a modification, Update, or Upgrade of the Services. b) Program Documentation; Training Materials. “Program Documentation” shall mean all user guides, training, and implementation material, and Service descriptions provided by NEOGOV to Customer in connection with the Services.

NEOGOV hereby grants to Customer a non-exclusive, non-sublicensable, non-transferable license to use, print, and distribute internally via non-public platforms, the Program Documentation during the Term solely for Customer's internal business purposes in connection with its use of the Services. Primary training of NEOGOV Services is conducted by selfreview of online materials. NEOGOV’s pre-built, online training consists of a series of tutorials to introduce the standard features and functions (the “Training Materials”). The Training Materials may be used as reference material by Customer Personnel conducting day-to-day activities.
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4 c) Implementation. For Services requiring implementation, NEOGOV implementation supplements the Training Materials and is conducted off-site unless otherwise agreed in the Order Form. For an additional fee as detailed on an applicable Order Form, NEOGOV personnel will provide consultation on best practices for setting up the Services, answer Customer questions during the implementation period, and use commercially reasonable efforts to ensure Authorized User Admins grasp the system. The length of the implementation time is dependent on the type of Service and the Customer’s responsiveness. NEOGOV is not responsible or liable for any delay or failure to perform implementation caused in whole or in part by Customer's delay in performing its obligations hereunder and, in the event of any such delay, NEOGOV may, in its sole discretion, extend all performance dates as NEOGOV deems reasonably necessary. d) Support. Phone support for the Services is available to Customer Monday through Friday, excluding NEOGOV holidays.

Customer may submit a request for online support for the Services 24 hours a day, seven days a week, and the NEOGOV support desk will acknowledge receipt of the request within a reasonable time. The length of time for a resolution of any problem is dependent on the type of case.
e) Limitations. Unless otherwise specified in the Order Form, this Agreement does not obligate NEOGOV to render any maintenance or support services that are not expressly provided herein, including, but not limited to data uploads, manual data entry, migration services, data conversion, refinement, purification, reformatting, SQL dump, or process consultation.

9. NEOGOV Intellectual Property Rights.
a) NEOGOV shall exclusively own all right, title and interest in and to all pre-existing and future intellectual property developed or delivered by NEOGOV including all Services, products, systems, software (including any source code or object code) or Service Specifications related thereto, Updates or Upgrades, trademarks, service marks, logos and other distinctive brand features of NEOGOV and all proprietary rights embodied therein (collectively, the “NEOGOV Intellectual Property”). This Agreement does not convey or transfer title or ownership of the NEOGOV Intellectual Property to Customer or any of its users. All rights not expressly granted herein are reserved by NEOGOV. Other than recommendation use or as required by law, all use of NEOGOV trademarks must be pre-approved by NEOGOV prior to use. Trademarks shall include any word, name, symbol, color, designation or device, or any combination thereof that functions as a source identifier, including any trademark, trade dress, service mark, trade name, logo, design mark, or domain name, whether or not registered.
b) Customer may, but is not obligated to, provide NEOGOV with suggestions, ideas, enhancement requests, or other feedback (“Feedback”). If Customer provides any such Feedback to NEOGOV, Customer hereby grants NEOGOV a nonexclusive, perpetual, irrevocable, royalty-free license to use all Feedback for any purpose. Feedback is provided to NEOGOV on an “as-is” basis without warranties of any kind.

10. Data Processing and Privacy.
a) Customer Data. “Customer Data” shall mean all data that is owned or developed by Customer, whether provided to NEOGOV by Customer or provided by a third party to NEOGOV in connection with NEOGOV’s provision of Services to Customer, including Personnel data collected, loaded into, or located in Customer data files maintained by NEOGOV.

NEOGOV Intellectual Property, including but not limited to the Services and all derivative works thereof, NEOGOV Confidential Information, and Platform Data do not fall within the meaning of the term “Customer Data”. Customer exclusively owns all right, title, and interest in and to all Customer Data. Customer grants NEOGOV a license to host, use, process, display, create non-personal derivative works of, and transmit Customer Data to provide the Services.

NEOGOV reserves the right to delete or disable Customer Data stored, transmitted or published by Customer using the Services upon receipt of a bona fide notification that such content infringes upon the intellectual property rights of others, or if NEOGOV otherwise reasonably believes any such content is in violation of this Agreement. b) Platform Data. “Platform Data” shall mean any anonymized data reflecting the access to or use of the Services by or on behalf of Customer or any user, including statistical or other analysis and performance information related to the provision and operation of the Services including any end user visit, session, impression, clickthrough or click stream data, as well as log, device, transaction data, or other analysis, information, or data based on or derived from any of the foregoing.

NEOGOV shall exclusively own all right, title and interest in and to all Platform Data. Customer acknowledges NEOGOV may compile Platform Data based on Customer Data input into the Services. Customer agrees that NEOGOV may use Platform Data to the extent and in the manner permitted under applicable law. Such anonymized data neither identifies Customer or its users, nor can Customer or any its users can be derived from such data. 297
5 c) Data Processing Agreement. The parties agree that the terms of the NEOGOV Data Processing Addendum (“DPA”) made available on the NEOGOV Site is hereby incorporated herein by reference and made part of this Agreement and governs NEOGOV's processing of Personal Data.
d) Data Responsibilities.
i) NEOGOV will maintain commercially reasonable administrative, physical, and technical safeguards for protection of the security, confidentiality and integrity of the Customer Data. Those safeguards will include, but will not be limited to, measures for preventing access, use, modification or disclosure of Customer Data by NEOGOV personnel except (a) to provide the Services and prevent or address service or technical problems, (b) as compelled by applicable law, or (c) as Customer expressly permits in writing. Customer acknowledges and agrees that it is commercially reasonable for NEOGOV to rely upon the security processes and measures utilized by NEOGOV’s cloud infrastructure providers.
ii) Customer is solely responsible for the development, content, operation, maintenance, and use of Customer Data, including but not limited to compliance with applicable laws. NEOGOV will have no responsibility or liability for the accuracy of the Customer Data prior to receipt of such data into the Services. Without limiting the foregoing, Customer shall be solely responsible for and shall comply with all applicable laws and regulations relating to (a) the accuracy and completeness of all information input, submitted, or uploaded to the Services, (b) the privacy of users of the Services, including, without limitation, providing appropriate notices to and obtaining appropriate consents from any individuals to whom Customer Data relates; and (c) the collection, use, modification, alteration, extraction, retention, copying, external storage, disclosure, transfer, disposal, and other processing of any Customer Data.

NEOGOV is not responsible for lost data caused by the action or inaction of Customer or Authorized Users. Unless otherwise mutually agreed in writing, Customer shall not maintain any financial, health, payment card, or similarly sensitive data that imposes specific data security or data protection obligations within the Services. Customer shall provide and institute all appropriate tools and procedures required to ensure the security of its own information system and, more specifically, to prevent, detect and destroy the occurrence of any viruses. e) Breach Notice. NEOGOV will notify Customer of unauthorized access to, or unauthorized use, loss or disclosure of Customer Data within its custody and control (a “Security Breach”) within 72 hours of NEOGOV’s confirmation of the nature and extent of the same or when required by applicable law, whichever is earlier. Each party will reasonably cooperate with the other with respect to the investigation and resolution of any Security Breach. If applicable law or Customer’s policies require notification of its Authorized Users or others of the Security Breach, Customer shall be responsible for such notification.
f) Data Export, Retention and Destruction. Customer may export or delete Customer Data from the Services at any time during a Subscription Term, using the existing features and functionality of the Services. Customer is solely responsible for its data retention obligations with respect to Customer Data. If and to the extent Customer cannot export or delete Customer Data stored on NEOGOV’s systems using the then existing features and functionality of the Services, NEOGOV will, upon Customer's written request, make the Customer Data available for export by Customer or destroy the Customer Data. If Customer requires the Customer Data to be exported in a different format than provided by NEOGOV, such additional services will be subject to a separate agreement on a time and materials basis. Except as otherwise required by applicable law, NEOGOV will have no obligation to maintain or provide any Customer Data more than ninety (90) days after the expiration or termination of this Agreement. Customer acknowledges that it is solely responsible for determining any retention requirements with respect to the Customer Data as required by applicable law and NEOGOV disclaims all liability in connection with such determination. In addition, to the extent Customer requests that NEOGOV retain Customer Data beyond the expiration of the retention period required by applicable law, rule or regulation, NEOGOV disclaims all liability in in connection with retaining such Customer Data including but not limited to any claims related to loss or destruction of such Customer Data.

11. Third Party Services. The Services may permit Customer and its Authorized Users to access services or content provided by third parties through the Services (“Third Party Services”). Customer agrees that NEOGOV is not the original source and shall not be liable for any inaccuracies contained in any content provided in any of the Third Party Services. NEOGOV makes no representations, warranties or guarantees with respect to the Third Party Services or any content contained therein. NEOGOV may discontinue access to any Third Party Services through the Services if the relevant agreement with the applicable third party no longer permits NEOGOV to provide such access. If loss of access to any Third Party Services (to which Customer has a subscription under this Agreement) occurs during a Subscription Term, NEOGOV will refund to Customer any prepaid fees for such Third Party Services covering the remainder of the Subscription Term.

12. Nondisclosure.
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6 a) Definition of Confidential Information. “Confidential Information” means all information disclosed by a party (“Disclosing Party”) to the other party (“Receiving Party”), whether orally or in writing, that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Customer's Confidential Information includes its Customer Data. NEOGOV Confidential Information includes the NEOGOV Intellectual Property and the Services. The Confidential Information of each party includes the terms and conditions of this Agreement and all Order Forms (including pricing), as well as business and marketing plans, technology and technical information, product plans and designs, and business processes disclosed by such party.

However, Confidential Information does not include any information that (a) is or becomes generally known to the public without breach of any obligation owed to the Disclosing Party, (b) was known to the Receiving Party prior to its disclosure by the Disclosing Party without breach of any obligation owed to the Disclosing Party, (c) is received from a third party without breach of any obligation owed to the Disclosing Party, or (d) was independently developed by the Receiving Party.
b) Obligations. The Receiving Party will: (i) use the same degree of care it uses to protect the confidentiality of its own confidential information of like kind (but not less than reasonable care); (ii) not use any Confidential Information of the Disclosing Party for any purpose outside the scope of this Agreement and (iii) except as otherwise authorized by the Disclosing Party in writing, limit access to Confidential Information of the Disclosing Party to those of its employees and contractors who need access for purposes consistent with this Agreement and who have signed confidentiality agreements with the Receiving Party containing protections not less protective of the Confidential Information than those herein.
c) Exceptions. The Receiving Party may disclose Confidential Information of the Disclosing Party to the extent compelled by law to do so, provided the Receiving Party gives the Disclosing Party prior notice of the compelled disclosure (to the extent legally permitted) and reasonable assistance, at the Disclosing Party's cost, if the Disclosing Party wishes to contest the disclosure.
d) Equitable Relief. The parties recognize and agree there may be no adequate remedy at law for breach of the provisions of the confidentiality obligations set forth in this Section 12, that such a breach may irreparably harm the Disclosing Party and the Disclosing Party is entitled to seek equitable relief (including, without limitation, an injunction) with respect to any such breach or potential breach in addition to any other remedies available to it at law or in equity.

13. Representations, Warranties, and Disclaimers.
a) Mutual Representations. Each party represents and warrants to the other party that (i) it has full power and authority under all relevant laws and regulations and is duly authorized to enter into this Agreement; and (ii) to its knowledge, the execution, delivery and performance of this Agreement by such party does not conflict with any agreement, instrument or understanding, oral or written, to which it is a party or by which it may be bound, nor violate any law or regulation of any court, governmental body or administrative or other agency having jurisdiction over it. b) Additional Customer Representations and Warranties. Customer hereby represents and warrants to NEOGOV that: (1) Customer and Authorized Users have all necessary rights and authority to upload Customer Data to the Service without violating any third party’s proprietary or privacy rights, including intellectual property rights; (2) Customer Dats does not contain any viruses, worms, Trojan horses, or other harmful or destructive code or content; and (3) Customer will use the Service in compliance with all laws, rules, regulations, and this Agreement. c) Service Performance Warranty. NEOGOV warrants that it provides the Services using a commercially reasonable level of care and skill and in a professional manner in accordance with generally recognized industry standards for similar services.
d) No Other Warranty. EXCEPT FOR THE EXPRESS WARRANTIES SET FORTH IN THIS WARRANTY SECTION, THE SERVICES AND ANY OTHER INFORMATION ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, AND CUSTOMER’S USE OF THE SERVICES IS AT ITS OWN RISK. NEOGOV DOES NOT MAKE, AND

HEREBY DISCLAIMS, ANY AND ALL OTHER EXPRESS AND/OR IMPLIED WARRANTIES, INCLUDING,

BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,

NONINFRINGEMENT AND TITLE, AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, USAGE, OR TRADE PRACTICE. NEOGOV DOES NOT WARRANT THAT THE SERVICES WILL BE

UNINTERRUPTED, ERROR-FREE, OR COMPLETELY SECURE, OR THAT ANY ERROR WILL BE CORRECTED.
e) Disclaimer of Actions Caused by and/or Under the Control of Third Parties. NEOGOV DOES NOT AND CANNOT

CONTROL THE FLOW OF DATA TO OR FROM THE NEOGOV SYSTEM AND OTHER PORTIONS OF THE 299
7 INTERNET. SUCH FLOW DEPENDS IN LARGE PART ON THE PERFORMANCE OF INTERNET SERVICES PROVIDED OR CONTROLLED BY THIRD PARTIES. AT TIMES, ACTIONS OR INACTIONS OF SUCH THIRD PARTIES CAN IMPAIR OR DISRUPT CUSTOMER’S CONNECTIONS TO THE INTERNET (OR PORTIONS THEREOF). ALTHOUGH NEOGOV WILL USE COMMERCIALLY REASONABLE EFFORTS TO TAKE ALL

ACTIONS IT DEEMS APPROPRIATE TO REMEDY AND AVOID SUCH EVENTS, NEOGOV CANNOT GUARANTEE THAT SUCH EVENTS WILL NOT OCCUR. ACCORDINGLY, NEOGOV DISCLAIMS ANY AND

ALL LIABILITY RESULTING FROM OR RELATED TO SUCH EVENTS OR WITH RESPECT TO ANY THIRD PARTY SERVICES.
f) No Medical Advice. Through certain Services, NEOGOV may make certain telehealth related information available to Customer and/or facilitate user access to telemedicine, expert medical services, and/or emergency medical services.

NEOGOV is independent from healthcare providers who provide telemedicine services and is not responsible for such healthcare providers’ acts, omissions or for any content or communications made by them. The Services do not provide medical advice and do not create a healthcare provider/patient relationship between Customer and NEOGOV or otherwise. Any Services, or content accessed from the Services, are for informational purposes only and do not constitute medical advice. Customer should seek professional medical advice, diagnosis, and/or treatment for any and all medical conditions, whether as a result of using Services or otherwise. NEOGOV IS NOT RESPONSIBLE OR LIABLE FOR

ANY ADVICE, COURSE OF TREATMENT, DIAGNOSIS OR ANY OTHER TREATMENT OR INFORMATION THAT CUSTOMER OR ITS USERS MAY OBTAIN THROUGH THE USE OF THE SERVICES.

14. Indemnification.
a) Customer Indemnity. To the extent permitted by applicable law, Customer will defend and indemnify NEOGOV from and against any claim, demand, suit or proceeding made or brought against NEOGOV (i) by a third party alleging that any Customer Data infringes or misappropriates such third party's intellectual property rights, (ii) in connection with Customer’s violation of any applicable laws, or (iii) any claim or allegation by any third party resulting from or related to Customer’s or any of its Authorized User’s breach of Section 3 of this Agreement. b) NEOGOV Indemnity. Subject to subsections 14(b)(i) through 14(b)(iii) and 14(c) of this Section, if a third party makes a claim against Customer that any NEOGOV intellectual property furnished by NEOGOV and used by Customer infringes a third party’s intellectual property rights, NEOGOV will defend the Customer against the claim and indemnify the Customer from the damages and liabilities awarded by the court to the third-party claiming infringement or the settlement agreed to by NEOGOV.
i) Alternative Resolution. If NEOGOV believes or it is determined that any of the Services may have violated a third party’s intellectual property rights, NEOGOV may choose to either modify the Services to be non-infringing or obtain a license to allow for continued use. If these alternatives are not commercially reasonable, NEOGOV may end the subscription or license for the Services and refund a pro-rata portion of any fees covering the whole months that would have remained, absent such early termination, following the effective date of such early termination. ii) No Duty to Indemnify. NEOGOV will not indemnify Customer if Customer alters the Service or Service Specifications, or uses it outside the scope of use or if Customer uses a version of the Service or Service Specifications which has been superseded, if the infringement claim could have been avoided by using an unaltered current version of the Services or Service Specifications which was provided to Customer, or if the Customer continues to use the infringing material after the subscription expires. NEOGOV will not indemnify the Customer to the extent that an infringement claim is based upon any information, design, specification, instruction, software, data, or material not furnished by NEOGOV. NEOGOV will not indemnify Customer for any portion of an infringement claim that is based upon the combination of Service or Service Specifications with any products or services not provided by NEOGOV. NEOGOV will not indemnify Customer for infringement caused by Customer’s actions against any third party if the Services as delivered to Customer and used in accordance with the terms of the Agreement would not otherwise infringe any third-party intellectual property rights. iii) Exclusive Remedy. This Section provides the exclusive remedy for any intellectual property infringement claims or damages against NEOGOV.
c) Indemnification Procedures. In order to receive the indemnities described hereunder, the indemnified party must: (i) promptly notify the indemnifying party, in writing, of any claim; (ii) cooperate reasonably with indemnifying party, at the indemnifying party’s expense, in the defense and/or settlement thereof; and (iii) allow the indemnifying party to control the defense and/or settlement thereof except that the indemnifying party may not, without the indemnified party’s prior written consent, enter into any settlement that does not unconditionally release the indemnified party from liability.

The indemnified party shall have the right to participate in any defense of a claim and/or to be represented by counsel of 300
8 its own choosing at its own expense, provided that ultimate control of such defense shall remain solely with the indemnifying party.

15. Limitations of Liability.
a) EXCLUSION OF DAMAGES. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO

EVENT WILL EITHER PARTY BE LIABLE UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ITS

SUBJECT MATTER UNDER ANY LEGAL OR EQUITABLE THEORY, INCLUDING BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, AND OTHERWISE, INCLUDING FOR ANY: (a) LOSS OF PRODUCTION, USE, BUSINESS, REVENUE, OR PROFIT OR DIMINUTION IN VALUE; (b) IMPAIRMENT, INABILITY TO USE OR LOSS, INTERRUPTION OR DELAY OF THE SERVICES; (c) LOSS, DAMAGE, CORRUPTION OR RECOVERY OF DATA, OR BREACH OF DATA OR SYSTEM SECURITY; (d) COST OF REPLACEMENT GOODS OR SERVICES; (e) LOSS OF GOODWILL, LOSS OF BUSINESS OPPORTUNITY OR PROFIT, OR LOSS OF REPUTATION; OR (f) CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY,

SPECIAL, ENHANCED, OR PUNITIVE DAMAGES, REGARDLESS OF WHETHER SUCH PERSONS WERE

ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES OR SUCH LOSSES OR DAMAGES WERE

OTHERWISE FORESEEABLE, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.
b) CAP ON MONETARY LIABILITY. EXCEPT FOR DAMAGES ARISING OUT OF LIABILITY WHICH CANNOT BE LAWFULLY EXCLUDED OR LIMITED, OR CUSTOMER’S OBLIGATIONS TO MAKE PAYMENT UNDER

THIS AGREEMENT, THE TOTAL AGGREGATE LIABILITY OF EITHER PARTY FOR ANY AND ALL CLAIMS

AGAINST THE OTHER PARTY UNDER THIS AGREEMENT, WHETHER ARISING UNDER OR RELATED TO

BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR ANY OTHER LEGAL

OR EQUITABLE THEORY, SHALL NOT EXCEED THE AMOUNT OF ALL PAYMENTS ACTUALLY RECEIVED BY NEOGOV FROM CUSTOMER IN CONNECTION WITH THIS AGREEMENT IN THE 12 MONTH PERIOD PRECEDING THE DATE OF THE FIRST EVENT INITIALLY GIVING RISE TO SUCH LIABILITY. THE EXISTENCE OF ONE OR MORE CLAIMS WILL NOT ENLARGE THE LIMIT.

16. Reimbursement of Costs in Third Party Litigation. With respect to any litigation or other court proceeding involving Customer and a third party, if any subpoena or other legally binding request related to such litigation or court proceeding is served to NEOGOV requesting copies of documents maintained by NEOGOV or otherwise requesting NEOGOV to appear as a witness in any capacity or provide testimony with respect to Customer’s documentation, Customer shall reimburse NEOGOV for its out-of-pocket costs associated with compliance with such request, including but not limited to NEOGOV’s reasonable attorneys’ fees.

17. EOL Products. NEOGOV may, in its discretion, at certain times elect to discontinue development, distribution and/or support of any Service or any elements or versions of any Service, and thereby designate such Service or elements or versions as end of life (“EOL”). In the event that NEOGOV elects to announce EOL for any Service, NEOGOV will provide six (6) months prior written notice, which may be by direct notice or posting on the NEOGOV website. Customer will have a period of six (6) months after receipt of such notice to upgrade to the last commercially available (non-EOL) version of the Service, if applicable, or otherwise following the expiration of such six (6) month period, the Service shall be deemed terminated without penalty and a pro rata refund shall be provided to Customer for the remaining term of the Service. During the 6-month notice period, Customer may continue exercising all of the rights set forth in this Agreement with respect to such EOL Service.

18. Text Message Communications. NEOGOV may offer Personnel the opportunity to receive text messages regarding job application or hiring process reminders, applicant status updates, or other human resource related notices. Since these text message services depend on the functionality of third-party providers, there may be technical delays on the part of those providers. NEOGOV may make commercially reasonable efforts to provide alerts in a timely manner with accurate information, but cannot guarantee the delivery, timeliness, or accuracy of the content of any alert. NEOGOV shall not be liable for any delays, failure to deliver, or misdirected delivery of any alert; for any errors in the content of an alert; or for any actions taken or not taken by you or any third party in reliance on an alert. NEOGOV cannot vouch for the technical capabilities of any third parties to receive such text messages. To the extent you utilize text messaging features, NEOGOV shall not be responsible for your use of such features, and you shall indemnify NEOGOV with respect to any damages resulting from your use including but not limited any violations of applicable law. NEOGOV MAKES NO WARRANTIES OR REPRESENTATIONS OF ANY KIND, EXPRESS, STATUTORY, OR IMPLIED AS TO: (a) THE AVAILABILITY OF TELECOMMUNICATION SERVICES; (b) ANY LOSS, DAMAGE, OR OTHER SECURITY INTRUSION OF THE TELECOMMUNICATION SERVICES; AND (c) ANY DISCLOSURE OF INFORMATION TO THIRD PARTIES OR FAILURE TO TRANSMIT ANY DATA, COMMUNICATIONS, OR SETTINGS CONNECTED WITH THE SERVICES. 301
9 19. Publicity. Unless otherwise provided in the applicable Order Form, NEOGOV may identify Customer as one of its customers and use Customer’s logo for such purposes, subject to any trademark usage requirements specified by Customer.

20. Force Majeure. Except for Customer’s payment obligations to NEOGOV, neither party shall be liable for any damages, costs, expenses or other consequences incurred by the other party or by any other person or entity for any act, circumstance, event, impediment or occurrence beyond such party’s reasonable control, including, without limitation: (a) acts of God; (b) changes in or in the interpretation of any law, rule, regulation or ordinance; (c) strikes, lockouts or other labor problems; (d) transportation delays; (e) unavailability of supplies or materials; (f) fire or explosion; (g) riot, pandemic, military action or usurped power; (h) actions or failures to act on the part of a governmental authority; (i) internet service interruptions or slowdowns, vandalism or cyber-attacks, or (j) any other cause beyond the reasonable control of such party.

21. Independent Contractor; No Third Party Beneficiary; Fulfillment Partners. The relationship of the parties shall be deemed to be that of an independent contractor and nothing contained herein shall be deemed to constitute a partnership between or a joint venture by the parties hereto or constitute either party the employee or agent of the other. Customer acknowledges that nothing in this Agreement gives Customer the right to bind or commit NEOGOV to any agreements with any third parties.

This Agreement is not for the benefit of any third party and shall not be deemed to give any right or remedy to any such party whether referred to herein or not. NEOGOV may designate any third-party affiliate, or other agent or subcontractor (each a “Fulfillment Partner”), without notice to, or the consent of, Customer, to perform such tasks and functions to complete any Services.

22. Entire Agreement; Amendment; Addendum. This Services Agreement, the Exhibits hereto, each Addendum (as may be applicable pursuant to the terms therein) and documents incorporated herein, the applicable Order Form, and Special Conditions (if any) constitute the entire agreement between the parties with respect to the subject matter hereof and supersede all prior or contemporaneous oral and written statements of any kind whatsoever made by the parties with respect to such subject matter. It is expressly agreed that the terms of this Agreement and any NEOGOV Order Form shall supersede the terms in any non-NEOGOV purchase order or other ordering document. Notwithstanding the foregoing, any conflict of terms shall be resolved by giving priority in accordance with the following order: 1) Special Conditions (if any), 2) NEOGOV Order Form, 3) the NEOGOV Services Agreement, and 4) incorporated documents (including the Exhibits and each applicable Addendum). This Agreement supersedes the terms and conditions of any clickthrough agreement associated with the Services.

This Agreement may not be modified or amended (and no rights hereunder may be waived) except through a written instrument signed by the parties to be bound. If you are subscribing for the HRIS or PowerEngage Platform, you hereby specifically agree to the terms of the applicable Addendum set forth on the NEOGOV Site.

23. General.
a) Governing Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the state of California, without giving effect to conflict of law rules. Any legal action or proceeding relating to this Agreement shall be instituted only in any state or federal court in Los Angeles, California. b) Severability. If any provision of this Agreement is held to be illegal or unenforceable, such provision shall be limited or eliminated to the minimum extent necessary so that the remainder of this Agreement will continue in full force and effect.

Provisions that survive termination or expiration are those relating to, without limitation, accrued rights to payment, acknowledgements and reservations of proprietary rights, confidentiality obligations, warranty disclaimers, and limitations of liability, and others which by their nature are intended to survive. c) Notices. All notices or other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given either when personally delivered, one (1) business day following delivery by recognized overnight courier or electronic mail, or three (3) business days following deposit in the U.S. mail, registered or certified, postage prepaid, return receipt requested. All such communications shall be sent to (i) Customer at the address set forth in the Order Form and (ii) NEOGOV at the address specified in the applicable Order Form. d) Waiver. The waiver, express or implied, by either party of any breach of this Agreement by the other party will not waive any subsequent breach by such party of the same or a different kind. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but all of which taken together shall constitute one and the same instrument.
e) Electronic Delivery. Delivery of a copy of this Agreement or an Order Form bearing an original signature by electronic mail or by any other electronic means will have the same effect as physical delivery of the paper document bearing the original signature.
302
10 f) Assignment. Customer may not assign this Agreement without the express written approval of NEOGOV Any attempt at assignment in violation of this Section shall be null and void. g) Construction. The parties intend this Agreement to be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. The exhibits, addendum, schedules, attachments, and appendices referred to herein are an integral part of this Agreement to the same extent as if they were set forth verbatim herein. h) Subcontractors. For purposes of this Agreement, including any subsequent documentation requested by Customer pursuant to this Agreement, the term "subcontractors" shall exclude subcontractors (i) who perform routine software development and maintenance services which are not specific to the Customer, (ii) subcontractors who will not have any access to Customer Data, and (iii) subcontractors who have access to Customer Data solely within NEOGOV's or Customer's systems.,
303
11 Exhibit A
Government Customer Addendum
If Customer is a Government Customer, the following Government Customer Addendum (“Government Addendum”) forms part of the Services Agreement, and in the case of any conflict or inconsistency between the terms and provisions of this Addendum and any other provision of the Services Agreement, the terms of this Government Addendum shall control. For purposes hereof, a “Government Customer” means a Customer which is a (a) U.S. Federal agency, (b) state government, agency, department, or political subdivision (including a city, county or municipal corporation), or (c) instrumentality of any of the foregoing (including a municipal hospital or municipal hospital district, police or fire department, public library, park district, state college or university, Indian tribal economic development organization, or port authority).

1. Applicability. The provisions of this Addendum shall apply only if Customer is a Government Customer under the Services Agreement.

2. Termination for Non-Appropriation of Funds on Multi-Year Deals. Customer represents that it has received sufficient appropriation of funds by the applicable legislature (or other appropriate governmental body) (“Governmental Appropriation”) for the first year of the term of any Order Form executed by Customer (the “First Year” and all such years following the First Year which are included in the term of an Order Form, the “Future Years”). If Customer is subject to federal, state or local law which makes Customer’s financial obligations under this Services Agreement contingent upon Governmental Appropriation, and if such funds are not forthcoming or are insufficient due to failure of such Governmental Appropriation, then Customer will have the right to terminate the then remaining portion of any Future Years under the Services Agreement at no additional cost and with no penalty by giving prior written notice documenting the lack of funding. Customer will provide at least thirty (30) days advance written notice of such termination. Customer will use reasonable efforts to ensure appropriated funds are available. It is expressly agreed that Customer shall not activate this non-appropriation provision for its convenience or to circumvent the requirements of this Agreement, but only as an emergency fiscal measure during a substantial fiscal crisis, which affects generally its fiscal operations. If Customer terminates the Services Agreement under this Section 2, Customer agrees not to replace the Services with functionally similar products or services for a period of one year after the termination of the Services Agreement.

3. Indemnification. If Customer is prohibited by federal, state or local law from agreeing to hold harmless or indemnify third parties, Section 14(a) and the indemnification provision included in Section 17 of the Services Agreement shall not apply to Customer, to the extent disallowed by applicable law.

4. Open Records. If the Customer is subject to federal or state public records laws, including laws styled as open records, freedom of information, or sunshine laws (“Open Records Laws”) the confidentiality requirements of Section 12 of the Services Agreement apply only to the extent permitted by Open Records Laws applicable to the Customer. This Section is not intended to be a waiver of any of the provisions of the applicable Open Records Laws, including, without limitation, the requirement for the Customer to provide notice and opportunity for NEOGOV to assert an exception to disclosure requirements in accordance with the applicable Open Records laws.

5. Cooperative Purchasing. As permitted by law, it is understood and agreed by Customer and NEOGOV that any (i) federal, state, local, tribal, or other municipal government (including all administrative agencies, departments, and offices thereof); (ii) any business enterprise in which a federal, state, local, tribal or other municipal entity has a full, majority, or other controlling interest; and/or (iii) any public school (including without limitation K-12 schools, colleges, universities, and vocational schools) (collectively referred to as the “New Entity”) may purchase the Services specified herein in accordance with the terms and conditions of this Agreement. It is also understood and agreed that each New Entity will establish its own contract with NEOGOV, be invoiced therefrom and make its own payments to NEOGOV in accordance with the terms of the contract established between the New Entity and NEOGOV. With respect to any purchases by a New Entity pursuant to this Section, Customer: (i) shall not be construed as a dealer, re-marketer, representative, partner or agent of any type of NEOGOV, or such New Entity; (ii) shall not be obligated, liable or responsible for any order made by New Entities or any employee thereof under the agreement or for any payment required to be made with respect to such order; and (iii) shall not be obliged, liable or responsible for any failure by any New Entity to comply with procedures or requirements of applicable law or to obtain the due authorization and approval necessary to purchase under the agreement. Termination of this Agreement shall in no way limit NEOGOV from soliciting, entering into, or continuing a contractual relationship with any New Entity. Any New Entity who purchases Services under this Section hereby represents that is has the authority to use this Services Agreement for the purchase and that the use of the Services Agreement for the purchase is not prohibited by law or procurement regulations applicable to the New Entity.
304
12 Exhibit B
Integration Terms Addendum
NEOGOV offers integrations and platform APIs for integrations to third party systems (“Integration Services”). Customer may use only those Integration Services purchased or subscribed to as listed within the NEOGOV Order Form. The following terms (the “Integration Terms Addendum”) shall apply to the extent that Customer utilizes a system integration between the Services and either: (a) an affiliated integrated service, including those found at https://api.neogov.com/connect/marketplace.html and/or https://apidocs.powerdms.com (“Affiliated API”) or to the extent that Customer utilizes a system integration between the Services and an unaffiliated third-party service (“Customer Application”) integrated using NEOGOV’s open API (“Open API”). Integration Services are not available for HRIS Services and this Exhibit B shall not apply to HRIS Services.

1. Provision of Integrations. Subject to and conditioned on compliance with all terms and conditions set forth in this Agreement, NEOGOV hereby grants Customer a limited, revocable, non-exclusive, non-transferable, non-sublicensable license during the applicable Term to use and/or access the Affiliated API as described in this Agreement, or the Open API for communication between Customer’s human resource related third application(s) that will interoperate with NEOGOV Services (collectively these uses shall be referred to as the “API” or “Integration”). Customer acknowledges there are no implied licenses granted under this Agreement. NEOGOV reserves all rights that are not expressly granted.

Customer may not use the API for any other purpose without our prior written consent. Customer may notshare the API with any third party, must keep the API and all log-in information secure, and must use the API key as Customer sole means of accessing the API.

2. Integration Intellectual Property. All right, title, and interest in the API and any and all information, data, documents, materials, inventions, technologies, know-how, descriptions, requirements, plans, reports, works, intellectual property, software, hardware, systems, methods, processes, and inventions, customizations, enhancements, improvements and other modifications based on or derived from the API are and will remain, as appropriate, with NEOGOV. All right, title, and interest in and to the third-party materials, includingall intellectual property rights therein, are and will remain with their respective third-party rights holders subject to the terms and conditions of the applicable third-party license agreements. Customer has no right or license with respect to any third-party materials except as expressly licensed under such third-party license agreements.

3. Integration Terms of Use. Except as expressly authorized under this Agreement, you may not remove any proprietary notices from the API; use the API in any manner or for any purpose that infringes, misappropriates, or otherwise violates any intellectual property rightor other right of any person, or that violates any applicable law; combine or integrate the API with any software, technology, services, or materials not authorized by NEOGOV; design or permit Customer Application(s) to disable, override, or otherwise interfere with any NEOGOV-implemented communications to end users, consent screens, user settings, alerts, warning, or the like; use the API in any of Customer Application(s) to replicate or attempt to replace the user experience of the Services; or attempt to cloak or conceal Customer identity or the identity of Customer Application(s) when requesting authorization to use the API.

4. Customer Integration Responsibilities. Customer, Customer developed web or other software services or applications, and Customer third-party vendors that integrate with the API (collectively the “Customer Applications”), shall comply with all terms and conditions of this Agreement, all applicable laws, rules, and regulations, and all guidelines, standards, and requirements that may be posted on https://api.neogov.com/connect/index.html and/or https://apidocs.powerdms.com from time to time. In addition, Customer will not use the API in connection with or to promote any products, services, or materials that constitute, promote, or are used primarily for the purpose of dealing in spyware, adware,or other malicious programs or code, counterfeit goods, itemssubject to U.S. embargo, unsolicited mass distribution of email (“spam”), multi-level marketing proposals, hate materials, hacking, surveillance, interception, or descrambling equipment, libelous, defamatory, obscene, pornographic, abusive, or otherwise offensive content, stolen products, and items used for theft, hazardous materials, or any illegal activities.

5. Cooperation. If applicable, Customer shall timely provide such cooperation, assistance, and information as NEOGOV reasonably requests to enable the API. NEOGOV is not responsible or liable for any late delivery or delay or failure of performance caused in wholeor in part by Customer’s delay in performing, or failure to perform, any of its obligations under this Agreement. NEOGOV will provide Customer maintenance and support services for API issues arising from the information technology designed, developed, and under then current control of NEOGOV. NEOGOV shall have no obligation to provide maintenance or support for issues arising from the inaction or action of Customer or third parties of which are outside NEOGOV control.

6. Provision of Open API. In the event license fees or other payments are not due in exchange for the right to use and access the Open API, you acknowledge and agree that this arrangement is made in consideration ofthe mutual covenantsset forth 305
13 in this Agreement, including, without limitation, the disclaimers, exclusions, and limitations of liability set forth herein.

Notwithstanding the foregoing, NEOGOV reserves the right to charge for access with effect from the start of each Renewal Term by giving Customer at least ninety (90) day notice prior to commencement of a Renewal Term.

7. API Key. In order to use and access the Open API, you must obtain an Open API key through the registration process.

Customer agreesto monitor Customer Applications for any activity that violates applicable laws, rules and regulation, or any terms and conditions of this Agreement, including any fraudulent, inappropriate, or potentially harmful behavior.

This Agreement does not entitle Customer to any support for the Open API. You acknowledge that NEOGOV may update or modify the Open API from time to time and at our sole discretion and may require you to obtain and use the most recent version(s). You are required to make any such changes to Customer Applications that are required for integration as a result of such Update at Customer sole cost and expense. Updates may adversely affect how Customer Applications communicate with the Services.

8. Efficient Processing. You must use efficient programming, which will not cause an overwhelming number of requests to be made in too short a period of time, as-determined solely by NEOGOV. If this occurs, NEOGOV reserves the right to throttle your API connections,or suspend or terminate your access to the Open API. NEOGOV shall use reasonable efforts to provide Customer notice and reasonable time to cure prior to taking such actions.

9. Open API Limitations. TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, IN NO EVENT

WILL NEOGOVBE LIABLE TO CUSTOMER OR TO ANY THIRD PARTY UNDER ANY TORT, CONTRACT,

NEGLIGENCE, STRICTLIABILITY, OR OTHER LEGAL OR EQUITABLE THEORY FOR ANY DIRECT, LOST

PROFITS, LOST OR CORRUPTED DATA, COMPUTER FAILURE OR MALFUNCTION, INTERRUPTION OF

BUSINESS, OR OTHER SPECIAL, INDIRECT, INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY KIND ARISING OUT OF THE USE OR INABILITY TO USE THE OPEN API; OR ANY DAMAGES, IN THE

AGGREGATE, IN EXCESS OF FIFTY DOLLARS, EVEN IF NEOGOV HAS BEEN ADVISED OF THE

POSSIBILITY OF SUCH LOSS OR DAMAGES AND WHETHER OR NOT SUCH LOSS OR DAMAGES ARE FORESEEABLE OR NEOGOV WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ANY CLAIM YOU

MAY HAVE ARISING OUT OF OR RELATING TO THIS AGREEMENT MUST BE BROUGHT WITHIN ONE YEAR AFTER THE OCCURRENCE OF THE EVENT GIVING RISE TO SUCH CLAIM.

10. Open API Termination. Notwithstanding the additional Termination rights herein, NEOGOV may immediately terminate or suspend Customer access to Open APIs in our sole discretion at any time and for any reason, with or without notice or cause. In addition, your Open API subscription will terminate immediately and automatically without any notice if you violate any of the terms and conditions of this Agreement. 306
1 NEOGOV ORDER FORM
NEOGOV:

GovernmentJobs.com, INC. (dba “NEOGOV”)
2120 Park Place, Suite 100
El Segundo, CA 90245
[email protected]
Customer Name & Address:

Murrieta, City of (CA)
1 Town Square
Murrieta, CA 92562
Quote Creation Date: 06/27/2024 Contact
Name:

Michelle Tamez
Quote Expiration Date: 30 days from Quote Creation Contact Email: [email protected] Payment Terms Annual. Net 30 from NEOGOV invoice. EEC::

Subscription Start Date: 10/01/2024
Subscription Term (months):36
Fee Summary
Service Description Term Term Fees
Insight Enterprise Subscription (IN) 10/01/2024 - 09/30/2025 $11,006.90 GovernmentJobs.com Subscription (GJC) 10/01/2024 - 09/30/2025 $1,595.20 Perform Subscription (PE) 10/01/2024 - 09/30/2025 $13,750.39 Onboard Subscription (ON) 10/01/2024 - 09/30/2025 $10,248.67 eForms 10/01/2024 - 09/30/2025 $16,131.21
New Hire Export (IN) 10/01/2024 - 09/30/2025 $1,790.32
Single Sign On (SSO) 10/01/2024 - 09/30/2025 $1,526.41
2024 - 2025 Total $56,049.10
Insight Enterprise Subscription (IN) 10/01/2025 - 09/30/2026 $11,722.35 GovernmentJobs.com Subscription (GJC) 10/01/2025 - 09/30/2026 $1,698.89 Perform Subscription (PE) 10/01/2025 - 09/30/2026 $14,644.17 Onboard Subscription (ON) 10/01/2025 - 09/30/2026 $10,914.83 eForms 10/01/2025 - 09/30/2026 $17,179.74
New Hire Export (IN) 10/01/2025 - 09/30/2026 $1,906.69
Single Sign On (SSO) 10/01/2025 - 09/30/2026 $1,625.63
2025 - 2026 Total $59,692.30
Insight Enterprise Subscription (IN) 10/01/2026 - 09/30/2027 $12,484.30 GovernmentJobs.com Subscription (GJC) 10/01/2026 - 09/30/2027 $1,809.32 Perform Subscription (PE) 10/01/2026 - 09/30/2027 $15,596.04 Onboard Subscription (ON) 10/01/2026 - 09/30/2027 $11,624.30 eForms 10/01/2026 - 09/30/2027 $18,296.42
New Hire Export (IN) 10/01/2026 - 09/30/2027 $2,030.63
Single Sign On (SSO) 10/01/2026 - 09/30/2027 $1,731.29
2026 - 2027 Total $63,572.30
Total: $179,313.70
A. Terms and Conditions

1. Agreement. This Ordering Document and the Services purchased herein are expressly conditioned upon the acceptance by Customer of the terms of the NEOGOV Services Agreement either affixed hereto or the version most recently published prior to execution of this Ordering Form available at https://www.neogov.com/service-specifications. Unless otherwise stated, all capitalized terms used but not defined in this Order Form shall have the meanings given to them in the NEOGOV Services Agreement.

2. Effectiveness & Modification. The Effective Date shall be the Subscription Start Date. This Order Form may not be modified or amended except through a written instrument signed by the parties.

3. Summary of Fees. Listed above is a summary of Fees under this Order. Once placed, your order shall be non-cancelable and the sums paid nonrefundable, except as provided in the Agreement.

4. Order of Precedence. This Ordering Document shall take precedence in the event of direct conflict with the Services Agreement, applicable Schedules, and Service Specifications.

B. Special Conditions (if any).

1. Notwithstanding anything to the contrary, the second sentence of Section 2(b) of the Agreement is deleted in its entirety and replaced with the following: “Thereafter, SaaS Subscriptions may be renewed no less than sixty (60) days prior to the expiration of the then-current term by mutual written agreement between the parties for successive twelve (12) months terms (each a “Renewal Term” and together with the Initial Term, collectively, the “Term”).” 307
308

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/20/2024
Agenda Item No. 8.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Kim Summers, City Manager
PREPARED BY: Diego Chavez, Administrative Services Director SUBJECT:

Resolution Approving a Tentative Agreement between the City of Murrieta and the Murrieta Firefighters Association regarding Participation in the International Association of Fire Fighters Medical Expense Reimbursement Plan

RECOMMENDATION
Adopt Resolution No. 24-4774, entitled: A Resolution of the City Council of the City of Murrieta, California, Approving a Tentative Agreement between the City of Murrieta and the Murrieta Firefighters Association, regarding Participation in the IAFF Medical Expense Reimbursement Plan.

PRIOR ACTION/VOTE
On June 20, 2023, the City Council adopted Resolution No. 23-4691, approving a Tentative Agreement for a Successor Memorandum of Understanding between the City of Murrieta and the Murrieta Firefighters Association, covering the period July 1, 2023, through June 30, 2026 (Vote: 4-0-1).

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
Through the process of collective bargaining, the City of Murrieta (City) periodically negotiates with the respective employee organizations for the purpose of establishing compensation, benefits, and other terms and conditions of employment for their represented employees, including Tentative Agreements for successor Memoranda of Understanding (MOU) affecting compensation and benefits. All such agreements must be voted on and passed by a majority of each affected employee organization's membership, known as ratification, and subsequently approved by the City Council before becoming effective. Once approved by the City Council, the terms of tentative agreements for successor MOUs are then memorialized in the successor MOU or through amendments and brought back to the City Council for approval.

The MOU between the City and the Murrieta Firefighters Association (MFA or Association), adopted by City Council Resolution No. 19-4097, covering the period July 1, 2019, through June 30, 2023 (MFA MOU 2019- CITY OF MURRIETA Page 1 of 2 Printed on 8/15/2024
powered by Legistar™309
8/20/2024
Agenda Item No. 8.

Council Resolution No. 19-4097, covering the period July 1, 2019, through June 30, 2023 (MFA MOU 2019- 23), expired June 30, 2023. In 2023, the City and the MFA met and conferred in good faith and came to a ratified Tentative Agreement on a fair and equitable package of compensation and benefits for a successor MFA MOU for the period July 1, 2023 through June 30, 2026 (MFA MOU 2023-26), pursuant to the MeyersMilias-Brown Act (MMBA) (Government Code sections 3500-3511) and the City's Employer-Employee Relations Resolution No. 93-214. On June 20, 2023, the City Council adopted Resolution No. 23-4691, approving the Tentative Agreement for the Successor MFA MOU 2023-26 (MFA MOU 2023-26 Tentative Agreement).

The MFA MOU 2023-26 Tentative Agreement included deal terms to establish a "retiree medical trust," and the parties agreed to meet and confer on the language for a new provision to the MFA MOU 2023-26 and for the redirection of any funding amount from another employer-sponsored account to the new retiree medical trust.

Since then, the parties have worked towards establishing this new benefit and have reached a tentative agreement on the provisions and the successor MFA MOU language for member participation in the International Association of Fire Fighters (IAFF) Medical Expense Reimbursement Plan (Plan), which is the Medical Trust Plan Tentative Agreement dated August 20, 2024.

The Plan is a tax-sheltered benefit designed to help participating members pay for healthcare costs in retirement by providing eligible participants a lifetime stream of monthly benefits for reimbursement of IRSeligible medical expenses. The City and MFA have agreed to fund the Plan by redirecting the $200 per month employer match that currently funds their 401(a) deferred compensation plan. The participating employees will also be required to make a corresponding and mandatory $200 per month contribution to the Plan. In addition, the City shall cease making contributions to the existing Retirement Health Savings program on behalf of eligible MFA retirees. Instead, the City will make an equivalent contribution to the proposed new Plan. Lastly, there are additional conversion rights of the employees to contribute to the Plan using their accrued vacation and/or sick leave at separation of employment.

Staff has prepared a Resolution (Attachment 1) for the City Council to consider approving the executed Medical Trust Plan Tentative Agreement, dated August 20, 2024, establishing successor MFA MOU language for member participation in the new Plan. Employee participation requirements, contribution amounts, remittance and reporting requirements, and other provisions are detailed in the agreed-upon Tentative Agreement. The employee and employer contributions are scheduled to start on the first pay period following adoption by the City Council. A fully executed copy of the Medical Trust Plan Tentative Agreement dated August 20, 2024, is attached to the Resolution as Exhibit A. The approval and adoption of the agreements to establish the proposed Plan and the amendments to existing programs will be considered by the City Council as a separate agenda item on August 20, 2024.

FISCAL IMPACT
The recommended action has no fiscal impact. The administration, management, and investment fees for the IAFF Medical Expense Reimbursement Plan are paid by the employees who opt to participate in this program.

The City and the Association agree that effective the first full pay period after City Council approval, the City shall cease making contributions to the 401(a) Retirement Plan and shall instead make an equivalent mandatory contribution of $200 per month to the new Plan.

ATTACHMENTS

1. Resolution No. 24-4774
CITY OF MURRIETA Page 2 of 2 Printed on 8/15/2024
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1 RESOLUTION NO. 24 - 4774

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA, APPROVING A TENTATIVE AGREEMENT BETWEEN THE CITY OF

MURRIETA AND THE MURRIETA FIREFIGHTERS ASSOCIATION, REGARDING

PARTICIPATION IN THE IAFF MEDICAL EXPENSE REIMBURSEMENT PLAN WHEREAS, the City of Murrieta (“City”) endeavors to recruit and retain the most qualified and talented employees to serve its citizens; and WHEREAS, the compensation and benefits offered by the City to its employees are designed to aid in the City’s employee recruitment and retention efforts; and WHEREAS, the Memorandum of Understanding (“MOU”) between the City and the Murrieta Firefighters Association (“MFA”), adopted by City Council Resolution No. 19-4097 covering the period July 1, 2019 through June 30, 2023 (“MFA MOU 2019-23”) expired June 30, 2023; and
WHEREAS, the City and MFA met and conferred in good faith and came to a ratified Tentative Agreement on a fair and equitable package of compensation and benefits for a successor MFA MOU for the period July 1, 2023 through June 30, 2026 (“MFA MOU 2023-26”), pursuant to the Meyers-Milias-Brown Act (“MMBA”) (Government Code sections 3500-3511) and the City's Employer-Employee Relations Resolution No. 93-214; and WHEREAS, on June 20, 2023, the City Council adopted Resolution No. 23-4691, approving the Tentative Agreement for the Successor MFA MOU 2023-26 (“MFA MOU 2023-26 Tentative Agreement”); and
WHEREAS, the MFA MOU 2023-26 Tentative Agreement included deal terms to establish a new retiree medical trust plan, with the parties agreeing to subsequently meet and confer on the specific MOU language for the new retiree medical trust plan and on the redirection of any amount funding another employer-sponsored account to the trust plan; and WHEREAS, the parties have met and conferred to establish a new retiree medical trust plan provision for the MFA MOU 2023-26 and jointly prepared a Tentative Agreement Regarding Participation in the IAFF Medical Expense Reimbursement Plan dated August 20, 2024 (“Medical Trust Plan Tentative Agreement”) for this new provision to be added to the successor MFA MOU 2023-26 which they also desire to be made effective with City Council adoption of the Medical Trust Plan Tentative Agreement to allow member participation in the IAFF Medical Expense Reimbursement Plan (“Plan”); and
WHEREAS, the MMBA provides in Section 3505.1:
“If a tentative agreement is reached by the authorized representatives of the public agency and a recognized employee organization or recognized employee organizations, the governing body shall vote to accept or reject the tentative agreement within 30 days of the date it is first considered 311
2 at a duly noticed public meeting. A decision by the governing body to reject the tentative agreement shall not bar the filing of a charge of unfair practice for failure to meet and confer in good faith. If the governing body adopts the tentative agreement, the parties shall jointly prepare a written memorandum of understanding."
WHEREAS, once the City Council adopts the Medical Trust Plan Tentative Agreement for the MFA MOU 2023-26, the parties are required to jointly prepare a written MOU to present to City Council at a later date for consideration and adoption consistent with the Tentative Agreement, which remains pending from the prior MFA MOU 2023-26 Tentative Agreement adopted by Resolution No. 23-4691; and
WHEREAS, once approved by the City Council, the Medical Trust Plan Tentative Agreement becomes a binding agreement between the parties, each in their own right; and WHEREAS, upon City Council approval of the Medical Trust Plan Tentative Agreement, the benefit changes outlined therein shall be implemented; and WHEREAS, the City Council desires to approve the Medical Trust Plan Tentative Agreement and commence the benefit changes stated therein.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. The recitals set forth above are true and correct and incorporated herein by this reference.

Section 2. The executed Medical Trust Plan Tentative Agreement, a fully executed copy of which is attached hereto as Exhibit A, is accepted, approved, and adopted.

Section 3. The labor representatives of the City and MFA are directed to jointly prepare a written memorandum of understanding in accordance with the previous MFA MOU 2023-26 Tentative Agreement and the new Medical Trust Plan Tentative Agreement and present same to the City Council at a future date for its consideration and approval.

Section 4. The City Clerk shall certify to the adoption of this Resolution and deem it effective as of August 20, 2024, the same shall be in force and effect.

PASSED AND ADOPTED this 20th day of August 2024, by the City Council of the City of Murrieta, State of California.

Lori Stone, Mayor
312
3 ATTEST:

Cristal McDonald, City Clerk
APPROVED AS TO FORM:

Tiffany Israel, City Attorney
313
4 STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 24-4774 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 20th day of August, 2024, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Cristal McDonald, City Clerk
314
Exhibit A
315
316
317
318

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/20/2024
Agenda Item No. 9.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Kim Summers, City Manager
PREPARED BY: Diego Chavez, Administrative Services Director SUBJECT:

Murrieta Police Officers Association Successor Memorandum of Understanding

RECOMMENDATION
Adopt Resolution No. 24-4775 entitled: A Resolution of the City Council of the City of Murrieta, California, Approving, Adopting and Implementing a Successor Memorandum of Understanding between the City of Murrieta and the Murrieta Police Officers Association for the Period July 1, 2023 through June 30, 2026.

PRIOR ACTION/VOTE
On June 20, 2023, the City Council adopted Resolution No. 23-4673, Approving a Tentative Agreement for a Successor Memorandum of Understanding between the City of Murrieta and the Murrieta Police Officers Association for the Period July 1, 2023 through June 30, 2026 (Vote: 4-0-1).

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
Most employees of the City of Murrieta (City) are represented by an employee organization and governed by a negotiated Memorandum of Understanding (MOU) setting forth compensation, benefits, and other terms and conditions of employment. Through collective bargaining, the City periodically negotiates with the respective employee organizations to establish updated compensation, benefits, and other terms and conditions of employment for represented employees, including tentative agreements for successor MOUs and the successor MOUs affecting such compensation, benefits, and other terms and conditions of employment. All such items must be voted on and passed by a majority of the membership of each affected employee organization, known as ratification, and subsequently approved by the City Council before becoming effective.

Once approved by the City Council, the terms of tentative agreements for successor MOUs are required to be memorialized in the successor MOU and brought back to the City Council for final approval per Section 3505.1 of the Meyers-Milias-Brown Act (MMBA).

The previous MOU between the City and the Murrieta Police Officers Association (MPOA or Association), CITY OF MURRIETA Page 1 of 2 Printed on 8/15/2024
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8/20/2024
Agenda Item No. 9.

The previous MOU between the City and the Murrieta Police Officers Association (MPOA or Association), adopted by City Council Resolution No. 21-4418, covered the period July 1, 2021, through June 30, 2023.

MPOA currently represents 97 sworn public safety City employees, including Police Officers, Police Detectives, and Police Sergeants.

The City and the Association met and conferred in good faith in 2023 and came to a Tentative Agreement on a fair and equitable package of total compensation for a successor MPOA MOU for the period July 1, 2023, through June 30, 2026. The members of the MPOA voted to ratify the Tentative Agreement, and the City Council approved the Tentative Agreement on June 20, 2023, per Resolution No. 23-4673.

Pursuant to MMBA section 3505.1, the labor representatives of the City and MPOA subsequently met, conferred, and mutually prepared the written successor MPOA MOU 2023-26 in accordance with the Tentative Agreement deal points approved by the City Council on June 20, 2023. Staff has prepared a Resolution (Attachment 1), which includes a fully executed copy of the successor MPOA MOU for the period July 1, 2023 - June 30, 2026, which remains subject to final City Council approval, adoption, and implementation.

FISCAL IMPACT
The fiscal impact for the MPOA MOU 2023-26 three (3) year term, Fiscal Years (FY) 2023/24, 2024/25, and 2025/26, is $9,068,864. A budget adjustment for FY 2023/24 and FY 2024/25 was included in the mid-year budget update this year based upon the previously approved MPOA MOU 2023-26 Tentative Agreement. The fiscal impact for FY 2025/26 will be included in the next proposed biennial budget in 2025.

FY 2023/24 $2,130,038
FY 2024/25 $3,026,565
FY 2025/26 $3,912,261
Total $9,068,864

ATTACHMENTS
1) Resolution No. 24-4775
CITY OF MURRIETA Page 2 of 2 Printed on 8/15/2024
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RESOLUTION NO. 24-4775

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

MURRIETA, CALIFORNIA, APPROVING, ADOPTING AND

IMPLEMENTING A SUCCESSOR MEMORANDUM OF

UNDERSTANDING BETWEEN THE CITY OF MURRIETA AND THE

MURRIETA POLICE OFFICERS ASSOCIATION FOR THE PERIOD
JULY 1, 2023 THROUGH JUNE 30, 2026
WHEREAS, the City of Murrieta (“City”) endeavors to recruit and retain the most qualified and talented employees to serve its citizens; and
WHEREAS, the compensation and benefits offered by the City to its employees are designed to aid in the City’s employee recruitment and retention efforts; and WHEREAS, Section 36506 of the California Government Code requires that the City Council of the City fix the compensation of all appointive officers and employees by resolution or ordinance; and
WHEREAS, the current Memorandum of Understanding (“MOU”) between the City and the Murrieta Police Officers Association (“MPOA”), adopted by City Council Resolution No. 21- 4418 covering the period July 1, 2021 through June 30, 2023 (“MPOA MOU 2021-23”) expired June 30, 2023; and
WHEREAS, the City and MPOA met and conferred in good faith and reached a Tentative Agreement on a fair and equitable package of total compensation for a successor MPOA MOU for the period July 1, 2023 through June 30, 2026, pursuant to the Meyers-Milias-Brown Act (“MMBA”) (Government Code sections 3500-3511) and the City’s Employer-Employee Relations Resolution No. 93-214; and
WHEREAS, the members of the MPOA voted to ratify the Tentative Agreement, and the labor representatives of the City and the MPOA executed the Tentative Agreement for a successor MPOA MOU 2023-26; and
WHEREAS, the City Council approved the Tentative Agreement for a successor MOU 2023-26 between the City and the MPOA on June 20, 2023, through adopting Resolution No. 23- 4673; and
WHEREAS, the City and MPOA met and conferred in good faith pursuant to the Tentative Agreement and Resolution No. 23-4673 on drafting the successor MPOA MOU for the period July 1, 2023, through June 30, 2026, pursuant to MMBA Section 3505.1 and the City’s EmployerEmployee Relations Resolution No. 93-214; and WHEREAS, the City and MPOA have prepared and executed the successor MPOA MOU for the period July 1, 2023 through June 30, 2026, subject to City Council approval, adoption and implementation.
321
Resolution No. 24-4775

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Murrieta City CouncilAugust 20, 2024

Murrieta City Council
August 20, 2024