Agenda packet — Murrieta City Council, February 18, 2025 (part 1 of 4)

The City of Murrieta intends to comply with the Americans with Disabilities Act (ADA). Persons with special needs should call the City Clerk Department at (951) 461-6031 or email at [email protected] at least 72 hours in advance. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk ’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Cindy Warren
Mayor
Jon Levell Lisa DeForest Mayor Pro Tem Council Member Lori Stone Ron Holliday Council Member Council Member Justin Clifton, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)
YOU MAY VIEW THE MEETING LIVESTREAMED VIA THE CITY’S WEBSITE AT https://murrieta.legistar.com/Calendar.aspx

CITY OF MURRIETA
Council Chambers
1 Town Square
Murrieta, CA 92562
Tuesday, February 18, 2025
4:45 PM CLOSED SESSION
6:00 PM REGULAR MEETING
1 City Council Meeting Agenda February 18, 2025
4:45 PM CLOSED SESSION

CALL TO ORDER

ROLL CALL

PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY

ANNOUNCEMENT OF CLOSED SESSION ITEMS

CLOSED SESSION

RECESS TO CLOSED SESSION
CS1. Conference with Labor Negotiators
The City Council will conduct a closed session, pursuant to Government Code Section 54957.6, with the City Manager, the City Attorney, and the City's negotiators, regarding labor negotiations with the Murrieta General Employees' Association.

CS2. Conference with Legal Counsel Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code sections 54956.9(d)(2), because there is a significant exposure to litigation in 3 cases. 6:00 PM REGULAR MEETING

CALL TO ORDER

ANNOUNCEMENT OF CLOSED SESSION ACTION

ROLL CALL

PLEDGE OF ALLEGIANCE

INVOCATION

PRESENTATIONS
Certificate of Recognition: In Memory of Lenny Randle
PRESENTATIONS - Received After Agenda Printed

APPROVAL OF AGENDA

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2 City Council Meeting Agenda February 18, 2025

CITY MANAGER - ADMINISTRATIVE UPDATE
City Manager Administrative Updates is the opportunity for the City Manager to provide community updates, as well as Department or Commission announcements on current or upcoming projects.

Community Update: Cristina Davies, Public Information Officer CITY MANAGER - ADMINISTRATIVE UPDATE - Received After Agenda Printed

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB) REPORTS Governing Body CCB Reports is the opportunity for the City Council to provide a brief report on conferences, seminars, and Commission, Committees, and /or Boards meeting attendance.

Reports shall not exceed three minutes. The City Clerk will use the computerized timer.

GOVERNING BODY REPORTS - Received After Agenda Printed

PUBLIC COMMENTS (NON-AGENDA)
At this time any person may address the governing bodies on any subject pertaining to City business, which does not relate to any item listed on the printed agenda. Normally no action may be considered or taken by the governing bodies on any matter not listed on the agenda .

Each speaker will be limited to three minutes.

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 6
All matters listed on the Consent Calendar are to be considered routine by the governing bodies, and will be enacted by one motion in the form listed. There will be no discussion of these items unless, before the governing body votes on the motion to adopt, specific items are removed from the Consent Calendar for separate motions.

1. Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only Recommended Action:

Waive reading, by title only, of all Ordinances and Resolutions. Said Ordinances and Resolutions which appear on the public agenda shall be determined to have been read by title and further reading waived.

2. Minutes
Recommended Action:

Approve the minutes of the January 21, 2025, and February 4, 2025, Regular City Council Meetings.

3. Monthly Investment Transaction Report for December 2024 Recommended Action:

Receive and file the Monthly Investment Transaction Report for December 2024.

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3 City Council Meeting Agenda February 18, 2025

4. Treasurer’s Report - Quarter 2 of Fiscal Year 2024/25 Recommended Action:

Receive the Fiscal Year 2024/25 Treasurer’s Reports for Quarter 2 (October - December 2024).

5. Amendment to the Agreement with JL Group, LLC
Recommended Action:

Approve the First Amendment to the agreement with JL Group, LLC for specialized investigative services not to exceed $100,000, in a form approved by the City Attorney; Amend the Fiscal Year 2024/25 Operating Budget to establish an additional appropriation of $50,000 in the Risk Management Fund; and
Authorize the City Manager to execute the First Amendment to the agreement.

6. Award Contract for Homeless Outreach and Case Management Services within the City of Murrieta and Wildomar
Recommended Action:

Amend the Fiscal Year (FY) 2024/25 Operating Budget, as described in the Fiscal Impact statement;
Approve an agreement with City Net for Homeless Street Outreach and Case Management Services for a total not to exceed $1,483,130; and
Authorize the City Manager to execute the agreement.

PULLED CONSENT CALENDAR ITEMS

PUBLIC HEARINGS

7. Financing for Oak View Ranch, Murrieta Apartments Phase II Senior Units, Adams Avenue Affordable Housing Project
Recommended Action:

Conduct a Public Hearing under the requirements of the Tax and Equity Fiscal Responsibility Act (TEFRA) and the Internal Revenue Code of 1986, (IRS Code) as amended; and Adopt Resolution No. 25 -4804 entitled: A Resolution of the City Council of the City of Murrieta Approving the Issuance by the California Statewide Communities Development Authority of Exempt Facility Bonds for the Construction and Improvement of Certain Facilities for Phase Two of Oak View Ranch Senior Apartments.

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4 City Council Meeting Agenda February 18, 2025

8. Adoption of an Ordinance Amending and Superseding Ordinance No. 541-19 to Update the City’s Participation in the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) Program (MCA- 2025-00010) for Development Projects within the City, and Adoption of a Resolution Amending the Applicable Transportation Uniform Mitigation Fee (TUMF) Schedule, including a Determination that the Activity is Exempt from the California Environmental Quality Act
Recommended Action:

Conduct a Public Hearing and introduce and approve the first reading of Ordinance No. 613-25 entitled: An Ordinance of the City Council of the City of Murrieta, California, Amending and Superseding Ordinance No. 541 -19 to Update Participation in the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) Program;
Adopt Resolution No. 25-4805 entitled: A Resolution of the City Council of the City of Murrieta, California, Amending the Applicable Transportation Uniform Mitigation Fee (TUMF) Applicable to all Developments in the City of Murrieta; and
Determine that the activity is exempt from the California Environmental Quality Act pursuant to Section 15061 (b)(3) of the California Code of Regulations, Title 14, Division 6, Chapter 3 (CEQA Guidelines).

DISCUSSION

9. Approve a Contract for the Murrieta Innovation Center Tenant Improvements General Contractor and a Purchase Order for Construction Management Services Recommended Action:

Approve the award of a construction contract to Optima RPM, Inc., as the lowest, most responsive bidder for construction of the Murrieta Innovation Center (MIC) tenant improvements in the amount not to exceed $3,189,616.84, plus a 15% contingency of $478,442.53, for a grand total of $3,668,059.37;
Approve a purchase order for $155,000 for RWBID Construction Management, LLC, for construction management services, including labor compliance for the MIC tenant improvements;

Amend the Fiscal Year 2024/25 Capital Improvement Budget for Capital Improvement Project No. 21029 by increasing the expenditure budget by $500,000; and

Authorize the City Manager to execute all related contracts.

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5 City Council Meeting Agenda February 18, 2025

10. Purchase of Used Aerial Apparatus for Training and Backup Purposes Recommended Action:

Approve the Bill of Sale with Pechanga Band of Indians for the Purchase of a Used Aerial Apparatus for a total not to exceed $100,000;
Amend the Fiscal Year 2024/25 Operating Budget and approve the use of the Measure T Fleet Replacement Reserve to establish an appropriation of $100,000; and Authorize the City Manager to execute the Bill of Sale.

NOTIFICATIONS
Pending Approval of Final Parcel Map – PM 38837

RECONSIDERATION

GOVERNING BODY ANNOUNCEMENTS
Governing Body Announcements is the opportunity for the City Council to provide miscellaneous reports and announcements. Announcements shall not exceed two minutes .

The City Clerk will use the computerized timer.

GOVERNING BODY ANNOUNCEMENTS - Received After Agenda Printed

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

ADJOURNMENT

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6 CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No. CS1.

Subject:

Conference with Labor Negotiators
The City Council will conduct a closed session, pursuant to Government Code Section 54957.6, with the City Manager, the City Attorney, and the City's negotiators, regarding labor negotiations with the Murrieta General Employees' Association.

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7 CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No. CS2.

Subject:

Conference with Legal Counsel Anticipated Litigation
The City Council will conduct a closed session, pursuant to Government Code sections 54956.9(d) (2), because there is a significant exposure to litigation in 3 cases.

CITY OF MURRIETA Printed on 2/13/2025Page 1 of 1
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8 CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No.

Subject:

PRESENTATIONS - Received After Agenda Printed
CITY OF MURRIETA Printed on 2/20/2025Page 1 of 1
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9 Received After Agenda Printed 2/18/2025 - Regular Meeting PRESENTATION - Lenny Randle Handout
10 CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No.

Subject:

CITY MANAGER - ADMINISTRATIVE UPDATE - Received After Agenda Printed CITY OF MURRIETA Printed on 2/20/2025Page 1 of 1
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11 What is going on i n
Murri
eta?
Cristina Davies, Public Information Officer
February 18, 2025
Received After Agenda Printed
2/18/2025 - Regular Meeting

CITY MANAGER - ADMINISTRATIVE UPDATE
Presentation
12 2
Events
Murrieta Market Nights
• Date: February 20, 2025
• Time: 5-9 p.m.
• Location: Washington Ave. in Downtown
Bulky Item Drop-Off and Shredding Event
• Date: March 1, 2025
• Time: 8 a.m. -12 p.m.
• Location: City Hall back parking lot, 1 Town Square
• MURRIETA RESIDENTS ONLY
13 3
Murrieta Magazine
Published 3x a year
Delivered to every Murrieta
home.

View online. Scan the QR
code.
14 4
Stay Connected
MurrietaCA.gov/Jobs
MurrietaCa.Gov/Connect
15 CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No.

Subject:

GOVERNING BODY REPORTS - Received After Agenda Printed
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16 MURRIETA CITY COUNCIL
Governing Body Reports
Mayor Warren
February 18, 2025
Received After Agenda Printed
2/18/2025 - Regular Meeting

GOVERNING BODY REPORTS
Presentation
17 Governing Body Reports
Mayor Warren
[email protected]
February 10, 2025 Participated in the City Council Goal Setting Workshop. 18 MURRIETA CITY COUNCIL
Governing Body Reports:

Council Member Holliday
February 18, 2025
Received After Agenda Printed
2/18/2025 - Regular Meeting

GOVERNING BODY REPORTS
Presentation
19 Governing Body Reports:

Council Member Holliday
[email protected]
February 10, 2025 Participated in the City Council Priority Setting Workshop. 20 MURRIETA CITY COUNCIL
Governing Body Reports:

Council Member Stone
February 18, 2025
Received After Agenda Printed
2/18/2025 - Regular Meeting

GOVERNING BODY REPORTS
Presentation
21 Governing Body Reports:

Council Member Stone
[email protected]
February 10, 2025 Participated in the City Council Goal Setting Workshop. 22 CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No. 1.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Cristal McDonald, City Clerk
PREPARED BY: Kimberly Ramirez, Deputy City Clerk
SUBJECT:

Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only

RECOMMENDATION
Waive reading, by title only, of all Ordinances and Resolutions. Said Ordinances and Resolutions which appear on the public agenda shall be determined to have been read by title and further reading waived.

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23 CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No. 2.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Cristal McDonald, City Clerk
PREPARED BY: Kimberly Ramirez, Deputy City Clerk
SUBJECT:

Minutes

RECOMMENDATION
Approve the minutes of the January 21, 2025, and February 4, 2025, Regular City Council Meetings.

ATTACHMENTS

1. January 21, 2025 Minutes

2. February 4, 2025 Minutes
CITY OF MURRIETA Printed on 2/13/2025Page 1 of 1
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24 City Council Meeting Minutes January 21, 2025

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CITY OF MURRIETA Tuesday, January 21, 2025
Council Chambers 4:30 PM CLOSED SESSION
1 Town Square 6:00 PM REGULAR MEETING
Murrieta, CA 92562 MINUTES

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Cindy Warren
Mayor

Jon Levell Lisa DeForest Mayor Pro Tem Council Member

Lori Stone Ron Holliday Council Member Council Member

Justin Clifton, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)

YOU MAY VIEW THE MEETING LIVESTREAMED VIA THE CITY’S WEBSITE AT https://murrieta.legistar.com/Calendar.aspx
4:30 PM CLOSED SESSION
CALL TO ORDER 4:32 p.m.
25 City Council Meeting Minutes January 21, 2025

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ROLL CALL

Present: Council Member Lori Stone
Council Member Lisa DeForest
Mayor Cindy Warren

Absent: Mayor Pro Tem Jon Levell (was present for all of closed session) Council Member Ron Holliday (was present for all of closed session)

PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY None.

ANNOUNCEMENT OF CLOSED SESSION ITEMS

City Clerk Cristal McDonald announced the following Closed Session items:

CLOSED SESSION

CS1. Conference with Real Property Negotiators
The City Council will conduct a closed session, pursuant to Government Code section 54956.8, to enable the City Council to consider written findings regarding the City of Murrieta’s Proposed Surplus Land Disposition documentation for the Property Located at APN 906-080-041, a 1.73-Acre portion of APN 906-080-042, and a 1.58-Acre portion of APN 906-080-033.

CS2. Conference with Real Property Negotiator
Recommended Action: The City Council will conduct a closed session, pursuant to Government Code section 54956.8, to enable the City Council to consider negotiations and to give direction to its negotiators regarding that certain real property, Town Square Park Amphitheater - 11 Town Square Park, Murrieta. The City’s real property negotiators, the City Manager, Assistant City Manager, Director of Economic Development, and City Attorney, will seek direction from the City Council regarding the price and terms for this property.

CS3. Public Employee Performance Evaluation and Compensation The City Council will hold a closed session with the City's personnel officer, the city manager, pursuant to Government Code Sections 54957 and 54957.6(a), to conduct an employee performance evaluation of the City Attorney and to discuss the compensation provided to the City Attorney.

RECESS TO CLOSED SESSION 4:35 p.m.

6:00 PM REGULAR MEETING

CALL TO ORDER 6:11 p.m

ANNOUNCEMENT OF CLOSED SESSION ACTION

City Attorney Tiffany Israel reported the following Closed Session Action: No reportable action for Closed Session Item Nos. CS1 – CS3.
26 City Council Meeting Minutes January 21, 2025

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ROLL CALL

Present: Council Member Lori Stone
Council Member Lisa DeForest
Council Member Ron Holliday
Mayor Pro Tem Jon Levell
Mayor Cindy Warren

Absent: None

PLEDGE OF ALLEGIANCE Cole Canyon Elementary School Choir

INVOCATION Reverend Melissa Rusler, Murrieta United Methodist Church

PRESENTATIONS

Mr. Justin Clifton, City Manager – Oath of Office

APPROVAL OF AGENDA

Action: It was moved by Council Member Holliday, seconded by DeForest to approve the Agenda for January 21, 2025.

The motion carried by the following vote:

Ayes: Levell, Warren, Holliday, DeForest, Stone
Noes: None

CITY MANAGER - ADMINISTRATIVE UPDATE

Wildfire and Power Outage Emergency Response: Bernard Molloy, Fire Chief Winchester Closures: Bob Moehling, Public Works Director Community Update: Cristina Davies, Public Information Officer

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB) REPORTS

Mayor Pro Tem Warren: Provided attendance/reported the following:
• Riverside Transit Agency (RTA)
• Riverside County Transportation Commission (RCTC)

Council Member Holliday: Provided attendance/reported the following:
• Regional Conservation Authority (RCA)

27 City Council Meeting Minutes January 21, 2025

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PUBLIC COMMENTS (NON-AGENDA)

John P. Perry: Spoke on concerns over water on his property.

Bryant Rumbaugh:

Spoke on the current form of government and public
engagement.

Marshall Hamilton:

Provided a handout and spoke on the SAFE Family Justice Centers programs.

Roberta Borglum: Spoke on concerns over the lack of an apartment complex recycling program.

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 10
Action: It was moved by Mayor Pro Tem Levell, seconded by Council Member DeForest to approve Consent Calendar Item Nos.1-10.

Council Member Stone recused herself from Item No. 6 only due to owning property within 1,000 of the project.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

1. Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only Recommended Action:

2. Minutes
Recommended Action:

Approve the minutes of the December 17, 2024, Regular City Council Meeting.

3. Check Register November 2024
Recommended Action:

Adopt a Resolution 25-4803 entitled: A Resolution of the City Council of the City of Murrieta, California, Ratifying the Check Register for the Month of November 2024 in the amount of $4,057,246.91 (Check Numbers 162198-162573).

28 City Council Meeting Minutes January 21, 2025

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4. Monthly Investment Transaction Report for November 2024 Recommended Action:

Receive and file the Monthly Investment Transaction Report for November 2024.

5. Approve an Agreement with Unity OnBase - Konica Minolta for the Electronic Content Management System
Recommended Action:

Approve an Agreement with Unity OnBase - Konica Minolta for the City’s Electronic Content Management System, for a total not to exceed the amount of $125,000.02 in a form approved by the City Attorney;

Amend the Fiscal Year 2024/25 Operating Budget by establishing an additional appropriation of $53,914.64 in General Ledger Account 7268340-62160;

Authorize exemption from bidding requirements; and

Authorize the City Manager to execute the agreement.

6. First Amendment to the Temporary License Agreement with Juniper Trails, LLC for Use of Property at Murrieta Equestrian Center
Recommended Action:

Approve the First Amendment to the Temporary License Agreement with Juniper Trails, LLC for use of a portion of the property at the Murrieta Equestrian Center;

Amend the Fiscal Year 2024/25 Operating Budget; and

Authorize the Mayor to execute the First Amendment to the Temporary License Agreement.

7. Second Amendment to Goodsides, LLC Agreement for Videoing and Editing Services Recommended Action:

Approve the Second Amendment to the Goodsides, LLC Agreement for video and editing services, increasing the not-to-exceed amount to $150,000, and extending the term of the agreement through June 1, 2026; and

Authorize the City Manager to execute the Second Amendment to the Agreement.

29 City Council Meeting Minutes January 21, 2025

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8. Change Order for Construction Management Services with Anser Advisory for Tot Lot Improvements Phase 1
Recommended Action:

Approve a change order to Purchase Order P03688 with Anser Advisory Management LLC, in the amount of $49,660, for Construction Management Services related to the Tot Lot Improvements Project Phase 1; and

Approve an additional budgetary appropriation for Capital Improvement Projects (CIPs) 22026, 22035, 22036, and 22038 from Park Land Development Impact Fees using Unassigned Fund Balance.

9. Purchase of Electric Vehicle Charging Stations
Recommended Action:

Approve the purchase of two (2) electric vehicle (EV) charging stations from Beam Global for a total amount of $177,695.05;

Authorize exemption from bidding requirements;

Amend the Fiscal Year 2024/25 Operating and Capital Improvement Budgets; and

Authorize the City Manager to execute all related purchase documents.

10. Approval of an Agreement with Hinderliter, de Llamas and Associates (HdL) for Sales Tax Recovery Services
Recommended Action:

Approve a two-year Agreement with Hinderliter, de Llamas (HdL) for Sales Tax Recovery Services, retroactively approving the date of the Agreement to January 1, 2025;

Authorize the exemption from bidding requirements; and

Authorize the City Manager to execute the Agreement.

PULLED CONSENT CALENDAR ITEMS None.

30 City Council Meeting Minutes January 21, 2025

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DISCUSSION

11. Appointment of City Commissions

City Clerk Cristal McDonald provided the staff report and a PowerPoint presentation.

The Commission Appointments Subcommittee (Council Member DeForest and Holliday) provided a brief report out.

Public Comments:

LaVerne Davis: Spoke on her qualifications for the Library Advisory Commission.

Whitney Moylan
Fernandez:

Spoke on her qualifications for the Parks and Recreation Commission.

Action: After discussion, it was moved by Council Member Holliday, seconded by Council Member DeForest to appoint Commission members as recommended by the Commission Appointments Ad-Hoc Subcommittee to the following City Commissions:

Library Advisory Commission (2 Regular Members)
Laverne Davis, Regular Member
Nicole Davis, Regular Member

Parks and Recreation Commission (2 Regular Members, 1 Alternate) Paul Parker, Regular Member
Whitney Moylan, Regular Member
Bryan Glassman, Alternate No. 1

Traffic Commission (2 Regular Members, 1 Alternate)
Cathy Bearse, Regular Member
James Chavez, Regular Member
Maria Robinson, Alternate No. 1; and

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

Consensus was received to bypass the interview process of the planning applicants.

31 City Council Meeting Minutes January 21, 2025

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Public Comments:

Vijay Raghaven: Spoke in support of Sara Halvorson as a Planning Commissioner.

Brian Horner: Spoke in support of Sara Halvorson as a Planning Commissioner.

Nick Pardue:

Spoke in support of Sara Halvorson and Michael DeSena as a Planning Commissioner.

Bob Kowell: Spoke in support of Sara Halvorson and Michael DeSena as a Planning Commissioner.

Brandy Meeker: Spoke in support of Michael DeSena as a Planning Commissioner.

Deepak Kumar: Spoke in support of Sara Halvorson as a Planning Commissioner.

Thomas Beamish: Spoke on his qualifications to be appointed as a Planning Commissioner.

Keelan
McCullough:

Spoke on his qualifications to be appointed as a Planning Commissioner.

Michael DeSena:

Spoke on his qualifications to be appointed as a Planning Commissioner.

Sara Halvorson
Saha:

Spoke on her qualifications to be appointed as a Planning Commissioner.

John Rose:

Spoke on his qualifications to be appointed as a Planning Commissioner.

Action: Mayor Pro Tem Levell motioned to appoint Tom Beamish and Michael DeSena as Regular Members with no appointments to the Alternate positions.

Action: Council Member Stone created a substitute motion to appoint Tom Beamish and Michael DeSena as Regular Members with Sara Halvorson as Alternate No. 1 and John Rose as Alternate No. 2.

Action: Mayor Pro Tem Levell amended the original motion, and was seconded by Council Member Stone to appoint Tom Beamish and Michael DeSena as Regular Members with Sara Halvorson as Alternate No. 1.

The motion carried by the following vote:

Ayes: Stone, Holliday, Levell, Warren
Noes: DeForest

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12. Presentation and Review of the City of Murrieta’s Fiscal Year 2023/24 Annual Comprehensive Financial Report and Single Audit Report

Staff report and PowerPoint presentation provided by Finance Manager Jennifer Terry, Jeffrey McKennan, CPA with City consultant Rogers, Anderson, Malody, & Scott LLP.

Accounting Manager Ashley Lopez was available to answer questions.

Action: It was moved by Council Member Holliday, seconded by Mayor Pro Tem Levell to receive and file the Fiscal Year 2023/24 Annual Comprehensive Financial and Single Audit Reports.

The motion carried by the following vote:

Ayes: DeForest, Stone, Levell, Holliday, Warren
Noes: None

13. Citywide Traffic Congestion - Traffic Pilot Program

City Engineer Jeff Hitch and City Traffic Engineer Brian Stephenson provided the staff report and PowerPoint presentation. Director of Public Works Bob Moehling was available to answer questions.

Action: After discussion it was moved by Council Member Stone, seconded by Mayor Pro Tem Levell to authorize staff to implement a traffic pilot program along Los Alamos Road, between Hospitality Place and Whitewood Road, to determine the effectiveness of implementing manual traffic control within the City’s Traffic Management Center during periods of peak congestion.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

14. Adoption of the 2025 Legislative Platform

Management Analyst Isaac Bravo provided the staff report and PowerPoint presentation.

Action: It was moved by Council Member Holliday, seconded by Council Member Stone to approve the 2025 Legislative Platform as presented.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren,
Noes: None

33 City Council Meeting Minutes January 21, 2025

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15. City Council Subcommittees and Appointment of City Affiliated Boards and Commissions

City Clerk Cristal McDonald provided the staff report and PowerPoint presentation.

Action: It was moved by Council Member DeForest, seconded by Council Member Holliday to eliminate the Commissions Appointment Ad-Hoc Subcommittee.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren,
Noes: None

Action: It was moved by Council Member Stone, seconded by Council Member Holliday to appoint Council Member Stone and Mayor Pro Tem Levell to the Homeless Services Ad-Hoc Subcommittee.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren,
Noes: None

Action: It was moved by DeForest, seconded by Council Member Holliday to appoint Mayor Warren to the State and Federal Legislative workgroup, Council Member Stone to the State Legislative workgroup and Council Member DeForest to the Federal Legislative workgroup.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren,
Noes: None

Action: It was moved by Council Member Holliday, seconded by Council Member Stone to appoint Council Member Holliday and Mayor Pro Tem Levell to the Los Alamos Hills Sports Park Phase 2 Subcommittee.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren,
Noes: None

Consensus was received to continue past 10 p.m.

Action: It was moved by Council Member Holliday, seconded by Council Member DeForest to appoint the following delegates/representative and alternates to the following City Affiliated Agencies/Organizations:

34 City Council Meeting Minutes January 21, 2025

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Animal Control Joint Powers Authority
• Council Member DeForest, Delegate
• Mayor Pro Tem Levell, Alt.

City Selection Committee (LAFCO)
• Council Member Holliday, Delegate
• Mayor Pro Tem Levell, Alt.

Regional Conservation Authority (RCA)
• Council Member Holliday, Delegate
• Mayor Pro Tem Levell, Alt.

League of California Cities
• Council Member Stone, Delegate
• Mayor Warren, Alt.

Riverside County Habitat Conservation Agency (RCHCA)
• Council Member DeForest, Delegate
• Mayor Pro Tem Levell, Alt.

Riverside County Transportation Commission Board (RCTC) • Mayor Warren, Delegate
• Council Member DeForest, Alt.

Riverside Transit Agency (RTA)
• Mayor Warren, Delegate
• Mayor Pro Tem Levell, Alt.

Southern California Association of Governments (SCAG)
• Mayor Pro Tem Levell, Delegate
• Council Member Stone, Alt.

Western Riverside Council of Governments (WRCOG)
• Council Member Stone, Delegate
• Council Member Holliday, Alt.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren,
Noes: None

NOTIFICATIONS

City Clerk Cristal McDonald announced the following notification:

Notice of Pending Approval of Final Parcel Map – PM 38373

35 City Council Meeting Minutes January 21, 2025

Page 12 of 12 ends

RECONSIDERATION None

GOVERNING BODY ANNOUNCEMENTS

Council Member DeForest, Council Member Holliday, and Mayor Warren, provided their Governing Body Announcements to be made part of the City’s record.

Council Member Stone and Mayor Pro Tem Levell deferred their Governing Body Announcements.

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

Council Member Stone: Requested to have a mock scenario of a City disaster. City Manager Clifton suggested an Emergency Operations training following a workshop.

Consensus was received.

Mayor Pro Tem Levell: Requested to bring a discussion to review a pilot program in the city to address matters involving technology, enforcement, and safety protocols (e-bikes).

Consensus was received.

ADJOURNMENT 10:07 p.m.

36 Meeting Minutes
City Council February 4, 2025

Page 1 of 7 ends

CITY OF MURRIETA Tuesday, February 4, 2025
Council Chambers 4:30 PM CLOSED SESSION
1 Town Square 6:00 PM REGULAR MEETING
Murrieta, CA 92562 MINUTES

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Cindy Warren
Mayor

Jon Levell Lisa DeForest Mayor Pro Tem Council Member

Lori Stone Ron Holliday Council Member Council Member Justin Clifton, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)

YOU MAY VIEW THE MEETING LIVESTREAMED VIA THE CITY’S WEBSITE AT https://murrieta.legistar.com/Calendar.aspx
4:30 PM CLOSED SESSION
CALL TO ORDER 4:31 p.m.

ROLL CALL

Present: Council Member Lisa DeForest
Council Member Ron Holliday
Mayor Cindy Warren

Absent: Mayor Pro Tem Jon Levell (was present for all of closed session) Council Member Lori Stone (was present for all of closed session) 37 Meeting Minutes
City Council February 4, 2025

Page 2 of 7 ends

PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY None.

ANNOUNCEMENT OF CLOSED SESSION ITEMS

City Clerk Cristal McDonald announced the following Closed Session items:

CLOSED SESSION
CS1. Conference with Labor Negotiators
The City Council will conduct a closed session, pursuant to Government Code Section 54957.6, with the City Manager, the City Attorney, and the City's negotiators, regarding labor negotiations with (1) the Murrieta General Employees' Association; (2) the Murrieta Supervisors' Association; (3) the Murrieta Police Officers Association; (4) the Murrieta Police Management Association; (5) the Murrieta Firefighters Association; (6) the Murrieta Fire Management Association; and (7) the Murrieta Management, Professional and Confidential Employees.

CS2. Conference with Legal Counsel - Anticipated Litigation Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9: 2 Cases.

CS3. Conference with Legal Counsel - Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(4), because the City is considering whether to initiate litigation: 1 Case.

RECESS TO CLOSED SESSION 4:33 p.m.

6:00 PM REGULAR MEETING
CALL TO ORDER 6:03 p.m.

ANNOUNCEMENT OF CLOSED SESSION ACTION

City Attorney Tiffany Israel reported the following Closed Session Action: No reportable action for Closed Session Item Nos. CS1 – CS3.

ROLL CALL

Present: Council Member Lori Stone
Council Member Lisa DeForest
Council Member Ron Holliday
Mayor Pro Tem Jon Levell
Mayor Cindy Warren

Absent: None
PLEDGE OF ALLEGIANCE Council Member Stone
38 Meeting Minutes
City Council February 4, 2025

Page 3 of 7 ends

INVOCATION Ministry Assistant Blake Laurenson, The Rock Church Temecula Valley

PRESENTATIONS
Commission & Committee Members Recognition

APPROVAL OF AGENDA
Action: It was moved by Council Member DeForest, seconded by Mayor Pro Tem Levell to approve the Agenda for February 4, 2025.

The motion carried by the following vote:

Ayes: Levell, Warren, Holliday, DeForest, Stone
Noes: None

CITY MANAGER - ADMINISTRATIVE UPDATE
Community Update: Cristina Davies, Public Information Officer Fig Fire Emergency Response: Bernard Molloy, Fire Chief

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB) REPORTS Council Member Stone: Provided attendance/reported the following:
• Southwest Riverside County Elected Leaders
Collaborative
• Western Riverside Council of Governments (WRCOG)
Council Member Holliday: Provided attendance/reported the following:
• Regional Conservation Authority (RCA)

Mayor Warren: Provided attendance/reported the following:
• Southwest Elected Leaders Collaborative
• Riverside Transit Agency (RTA)
• Riverside County Transportation Commission (RCTC)
• League of California Cities Mayors and Council Members Academy

PUBLIC COMMENTS (NON-AGENDA)
Veronica Rodriguez: Spoke on concerns over lack of communication in regards to a recent arrest made.

Faye Wons: Spoke on concerns over water levels and conservation.

Alex Kowalkoski: Provided a handout and spoke on the Riverside County Carnival.

Bev Hoffman: Provided an invitation to the tree planting ceremony hosted by the Temple Beth Emet of Temecula Valley.

Kevin Coon: Representing the Murrieta Public Library Foundation displayed a flyer soliciting donations for the Library expansion project. 39 Meeting Minutes
City Council February 4, 2025

Page 4 of 7 ends

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 5

Action: It was moved by Mayor Pro Tem Levell, seconded by Council Member Holliday to approve Consent Calendar Item Nos.1-5.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

1. Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only Recommended Action:

2. Check Register December 2024
Recommended Action:

Adopt a Resolution 25-4804 entitled: A Resolution of the City Council of the City of Murrieta, California, Ratifying the Check Register for the Month of December 2024 in the amount of $3,650,833.94 (Check Numbers 162574-162900).

3. Cisco SmartNet Software License and Support Services Recommended Action:

Authorize the use of Cooperative Agreement #2018011-02 to Purchase SmartNet services and authorize SHI International Corp (SHI) to administer the agreement;

Authorize the use of the Cisco Master Agreement;

Approve an agreement with SHI in an amount not to exceed $73,492.94, for Fiscal Year 2024/25; and

Authorize the City Manager to execute the agreement with SHI and approve amendments, during its term, not to exceed $75,000.

4. Approve First Amendment to License Agreement with Newman Hospitality Group for Special Event Management Services for Town Square Park Amphitheater Recommended Action:

Authorize the City Manager to execute a First Amendment to the License Agreement with Newman Hospitality Group, LLC, for special event management services at the Town Square Park Amphitheater.

40 Meeting Minutes
City Council February 4, 2025

Page 5 of 7 ends

5. Approval of the Master Services Agreement with OpenGov for Transparency Portal Services
Recommended Action:

Approval of a Master Service Agreement with OpenGov for Transparency Portal Services, retroactively effective to October 1, 2023;

Amend the Fiscal Year 2024/25 Operating Budget by establishing an appropriation of $770, to account for the annual software price adjustment; and

Authorize the City Manager to execute the agreement.

PULLED CONSENT CALENDAR ITEMS None.

DISCUSSION

6. Resolutions of Intention for Formation of Community Facilities District No. 2025-1 (Safety Services) of the City of Murrieta, Community Facilities District No. 2025-2 (Maintenance Services) of the City of Murrieta, and Community Facilities District No. 2025-3 (Discovery Village) of the City of Murrieta

Staff report and PowerPoint presentation provided by Finance Director Javier Carcamo, and City Consultants Shane Spicer and Brian Forbath.

Development Director David Chantarangsu and Discovery Village Developer Derek Hicks were available to answer questions from the City Council.

Public Comments:

Wayne Dollarhide: Provided a letter on behalf of Corman Leigh and spoke in support of the Community Facilities Districts.

Council Member Stone obtained consensus to take each individual recommendation action as its own vote.

Action: After discussion, it was moved by Council Member DeForest, seconded by Council Member Holliday to adopt Resolution No. 25-4805 entitled: A Resolution of the City Council of the City of Murrieta Declaring its Intention to Establish Community Facilities District No. 2025-1 (Safety Services) of the City of Murrieta, to Authorize the Levy of a Special Tax on Property Within the District to Pay the Costs of Providing Public Safety Services.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None
41 Meeting Minutes
City Council February 4, 2025

Page 6 of 7 ends

Action: After discussion, it was moved by Council Member Holliday, seconded by Mayor Pro Tem Levell to adopt Resolution No. 25-4806 entitled: A Resolution of the City Council of the City of Murrieta Declaring its Intention to Establish Community Facilities District No. 2025-2 (Maintenance Services) of the City of Murrieta, to Authorize the Levy of a Special Tax on Property Within the District to Pay the Costs of Providing Public Maintenance Services.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren
Noes: Stone

Action: After discussion, it was moved by Council Member Holliday, seconded by Mayor Pro Tem Levell to adopt Resolution No. 25-4807 entitled: A Resolution of Intention of the City Council of the City of Murrieta to Established Community Facilities District No. 2025-3 (Discovery Village) of the City of Murrieta, to Authorize the Levy of a Special Tax to Pay the Costs of Acquiring or Constructing Certain Facilities and to Pay Debt Service on Bonded Indebtedness.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren
Noes: Stone

Action: After discussion, it was moved by Council Member Holliday, seconded by Council Member DeForest to adopt Resolution No. 25-4808 entitled: A Resolution of Intention of the City Council of the City of Murrieta To Incur Bonded Indebtedness in an Amount Not to Exceed $27,500,000 Within Proposed Community Facilities District No. 2025-3 (Discovery Village) of the City of Murrieta.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren
Noes: Stone

Action: After discussion, it was moved by Council Member DeForest, seconded by Mayor Pro Tem Levell to approve a Reimbursement Agreement regarding the Community Facilities District No 2025-3 (Discovery Village) and authorize the City Manager to execute the agreement.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren
Noes: Stone

42 Meeting Minutes
City Council February 4, 2025

Page 7 of 7 ends

7. Proposed Resolution Declaring the City’s Stance against Antisemitism

Staff report provided by Council Member Lori Stone.

Public Comments:

Tim Thompson: Spoke in favor of the resolution to address antisemitism.

Bev Hoffman:

Spoke in favor of the resolution to address antisemitism.

Irv Michlin:

Spoke in favor of the resolution to address antisemitism.

Dick Hershman: Spoke in favor of the resolution to address antisemitism.

Action: After discussion, it was moved by Council Member Stone, seconded by Mayor Warren to adopt Resolution No. 25-4809, drafted by Council Member Stone at the direction of the City Council, and revised by staff, entitled: A Resolution of the City Council of the City of Murrieta, California, Declaring the City’s Stance against Antisemitism.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

RECONSIDERATION Non e .

GOVERNING BODY ANNOUNCEMENTS

Council Member DeForest, Council Member Stone, Council Member Holliday, and Mayor Pro Tem Warren, provided their Governing Body Announcements to be made part of the City’s record. Mayor Pro Tem Levell provided verbal Governing Body Announcements.

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

Council Member DeForest: Requested a report from the City Attorney on possible policy addressing after-hour power outages from development projects and the effects it has on businesses.

Consensus was received.

ADJOURNMENT 7:56 p.m.
43 44
45 46
47 48
49 50
51 52
53 54
55 CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No. 3.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Financial Analyst
SUBJECT:

Monthly Investment Transaction Report for December 2024

RECOMMENDATION
Receive and file the Monthly Investment Transaction Report for December 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’sTrustee are not included in this report but are on file and available upon request.

The transactions in the long-term investment portfolio for December 2024 include dispositions of $3,643,386.53 in cash, payables, receivables, maturities, and sales, which also includes a withdrawal for bank fees. Subsequently, these proceeds, together with the dispositions and monthly interest earnings, were reinvested in security and money market fund purchases totaling $4,035,691.41.

The California State Treasurer allocates and reinvests LAIF interest earnings on a quarterly basis. Quarterly CITY OF MURRIETA Printed on 2/13/2025Page 1 of 2
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56 2/18/2025
Agenda Item No. 3.

The California State Treasurer allocates and reinvests LAIF interest earnings on a quarterly basis. Quarterly interest earnings are reflected in the statement one month following the end of the quarter. The account received the last interest earnings deposit in October 2024 for the previous quarter.

As of December 31, 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 $150,081,673.56. Both accounts combined had an overall increase of $393,316.35 or 0.26%, 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 “CashSweep 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 December were $410,722.84.

Attached are the investment portfolio accounts for Chandler for the month of December (Attachment 1) and 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’sinvestment policy for the various investment categories.

FISCAL IMPACT
The recommended action has no fiscal impact. Interest earnings projections are included in the Fiscal Year 2024/25 Operating Budget.

ATTACHMENTS

1. Chandler Asset Management Monthly Account Statement for December 2024

2. Local Agency Investment Fund (LAIF) December 2024

3. Wells Fargo Cash Sweep Program December 2024 Statement CITY OF MURRIETA Printed on 2/13/2025Page 2 of 2
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57 MONTHLY ACCOUNT STATEMENT
Murrieta Consolidated | Account | As of December 31, 2024 Information contained herein is confidential. 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 ASSET MANAGEMENT | chandlerasset.com
Custodian:

US Bank
58 | 2
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Average Modified Duration 1.62
Average Coupon 3.33%
Average Purchase YTM 4.07%
Average Market YTM 4.42%
Average Quality AA+
Average Final Maturity 1.84
Average Life 1.66
Beg. Values as of
12/01/2024
End Values as of
12/31/2024
Market Value 148,854,491.69 149,082,097.03
Accrued Interest 1,037,353.52 1,062,389.06
Total Market Value 149,891,845.21 150,144,486.08
Income Earned 392,289.71 418,712.99
Cont/WD 0.00 0.00
Par 150,564,759.61 151,088,334.01
Book Value 147,733,210.99 148,126,527.34
Cost Value 147,733,210.99 148,126,527.34
Government of The United States 36.31%
Federal Home Loan Banks 9.99%
Farm Credit System 8.59%
FHLMC 7.17%
U.S. Bancorp 4.97%
Toyota Motor Corporation 2.01%
Mitsubishi UFJ Financial Group, Inc. 1.80%
Royal Bank of Canada 1.51%
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch 59 | 3
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 7.2 Compliant
Max % Issuer (MV) 30.0 7.1 Compliant
Max Maturity (Years) 5.0 4.1 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 5.8 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 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 63 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 23.7 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
60 | 4
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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 18.6 Compliant
Max % Issuer (MV) 30.0 10.0 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 3 Compliant

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

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 5.0 Compliant
Max % Issuer (MV) 10.0 5.0 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 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 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 0.3 Compliant
Max % Issuer (MV) 10.0 0.3 Compliant
Max Maturity (Years) 5 3 Compliant
61 | 5
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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 36.3 Compliant
Max Maturity (Years) 5 4 Compliant
62 | 6
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Book Value 147,733,210.99 143,961,028.08
Maturities/Calls (2,300,000.00) (54,700,000.00)
Principal Paydowns (135,155.66) (2,951,456.70)
Purchases 4,035,691.41 102,948,344.16
Sales (1,207,858.30) (41,177,225.57)
Change in Cash, Payables, Receivables (372.57) (46,452.87) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 1,011.47 92,290.24
Ending Book Value 148,126,527.34 148,126,527.34
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Market Value 148,854,491.69 142,893,927.50
Maturities/Calls (2,300,000.00) (54,700,000.00)
Principal Paydowns (135,155.66) (2,951,456.70)
Purchases 4,035,691.41 102,948,344.16
Sales (1,207,858.30) (41,177,225.57)
Change in Cash, Payables, Receivables (372.57) (46,452.87) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) (165,711.01) 2,022,670.27 Realized Gain (Loss) 1,011.47 92,290.24
Ending Market Value 149,082,097.03 149,082,097.03
Maturities / Calls
Month to Date (2,300,000.00)
Fiscal Year to Date (54,700,000.00)
Principal Paydowns
Month to Date (135,155.66)
Fiscal Year to Date (2,951,456.70)
Purchases
Month to Date 4,035,691.41
Fiscal Year to Date 102,948,344.16
Sales
Month to Date (1,207,858.30)
Fiscal Year to Date (41,177,225.57)
Interest Received
Month to Date 420,028.45
Fiscal Year to Date 4,319,974.27
Purchased / Sold Interest
Month to Date (26,351.00)
Fiscal Year to Date (192,739.38)
63 | 7
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 39,815.69 02/07/2023

5.16%
39,814.75
39,814.75
100.07

4.67%
39,843.63

34.24 0.03%

28.88 Aaa/AAA
NA

0.90 0.13
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 51,767.94 11/16/2021

0.89%
51,757.03
51,757.03

99.22 4.64%
51,365.28

12.65 0.03%
(391.75)
Aaa/NA
AAA

1.06 0.21
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 52,593.70 07/13/2021

0.52%
52,589.01
52,589.01

99.50 4.47%
52,331.73

12.16 0.04%
(257.28)
Aaa/NA
AAA

1.21 0.13
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026 189,478.49 08/15/2022

3.73%
189,467.20
189,467.20

99.66 4.59%
188,837.11
255.22

0.13%
(630.09)
NA/AAA
AAA

1.55 0.41
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 114,713.83 05/10/2022

3.21%
114,707.86
114,707.86

99.55 4.54%
114,192.05

61.37 0.08%
(515.81)
Aaa/AAA
NA

1.65 0.35
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 120,032.52 03/10/2022

2.33%
120,005.97
120,005.97

99.17 4.82%
119,032.84
123.77

0.08%
(973.13)
Aaa/NA
AAA

1.71 0.33
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 52,460.15 10/13/2021

0.68%
52,458.82
52,458.82

99.07 4.44%
51,971.88

14.86 0.03%
(486.94)
Aaa/AAA
NA

1.71 0.25
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 57,869.50 01/11/2022

1.26%
57,864.47
57,864.47

99.09 4.61%
57,345.62

30.38 0.04%
(518.85)
NA/AAA
AAA

1.88 0.27
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026 280,000.00 08/08/2023

5.38%
279,966.43
279,966.43
100.52

4.61%
281,466.47
460.29

0.19%
1,500.04
NA/AAA
AAA

1.89 0.63
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 455,000.00 02/08/2024

5.09%
454,943.13
454,943.13
100.61

4.58%
457,770.68
707.65

0.31%
2,827.55
NA/AAA
AAA

2.22 1.08
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 1,000,000.00 06/20/2024

5.19%
994,687.50
994,687.50
100.53

4.56%
1,005,334.10
830.00

0.67%
10,646.60
Aaa/AAA
NA

2.23 1.14
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027 190,572.35 07/06/2022

3.64%
190,571.04
190,571.04

99.61 4.59%
189,822.19
289.03

0.13%
(748.85)
Aaa/NA
AAA

2.29 0.43
02582JJT8 AMXCA 2022-2 A 3.39
05/17/2027 905,000.00 05/17/2022

3.40%
904,799.81
904,799.81

99.56 4.65%
900,979.09
1,363.53

0.60%
(3,820.73)
NA/AAA
AAA

0.37 0.36
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 350,000.00 05/17/2024

5.32%
349,959.05
349,959.05
101.19

4.64%
354,159.79
827.56

0.24%
4,200.74
Aaa/NA
AAA

3.05 1.60
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 545,000.00 09/17/2024

4.24%
544,908.28
544,908.28

99.55 4.55%
542,529.08
1,024.60

0.36%
(2,379.20)
NA/AAA
AAA

3.13 1.62
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 1,250,000.00 02/13/2024

5.21%
1,249,945.63
1,249,945.63
101.04

4.55%
1,262,960.00
2,894.44

0.85%
13,014.37
Aaa/AAA
NA

3.62 1.44
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
101.06

4.56%
1,333,990.68
3,027.20

0.89%
14,356.58
NR/AAA
AAA

3.71 1.59
64 | 8
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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

4.96%
334,981.24
334,981.24
100.77

4.57%
337,578.70
738.49

0.23%
2,597.46
Aaa/NA
AAA

3.88 1.73
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 600,000.00 06/04/2024

5.24%
599,908.86
599,908.86
101.18

4.48%
607,079.04
518.00

0.41%
7,170.18
Aaa/AAA
NA

4.16 1.55
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
101.53

4.57%
649,784.26
1,487.64

0.44%
9,915.46
NA/AAA
AAA

4.29 2.11
Total ABS 8,549,304.17 4.71%
8,542,838.97
8,542,838.97
100.58

4.57%
8,598,374.19
14,713.09

5.77%
55,535.22
Aaa/AAA
AAA

2.85 1.25
AGENCY
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

99.96 4.34%
754,728.82
4,128.91

0.51%
1,427.57
Aaa/AA+
AA+

0.02 0.01
3133ENPG9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.75 02/14/2025 1,200,000.00 02/25/2022

1.82%
1,197,456.00
1,197,456.00

99.67 4.54%
1,196,078.63
7,991.67

0.80%
(1,377.37)
Aaa/AA+
AA+

0.12 0.12
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

99.77 4.35%
1,396,714.17
25,506.25

0.94%
3,854.17
Aaa/AA+
AA+

1.06 1.00
3133ERDZ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/08/2026 1,000,000.00 05/20/2024

4.87%
997,690.00
997,690.00
100.68

4.22%
1,006,802.38
6,993.06

0.68%
9,112.38
Aaa/AA+
AA+

1.35 1.29
3130AWLZ1 FEDERAL HOME LOAN BANKS

4.75 06/12/2026 2,000,000.00 08/16/2023

4.78%
1,998,620.00
1,998,620.00
100.63

4.29%
2,012,699.26
5,013.89

1.35%
14,079.26
Aaa/AA+
AA+

1.45 1.38
3133EPZY4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 5.0 07/30/2026 2,000,000.00 11/09/2023

4.85%
2,007,480.00
2,007,480.00
101.09

4.27%
2,021,884.00
41,944.44

1.36%
14,404.00
Aaa/AA+
AA+

1.58 1.47
3133EPSW6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 08/14/2026 2,405,000.00 08/09/2023

4.58%
2,399,468.50
2,399,468.50
100.39

4.24%
2,414,431.66
41,185.63

1.62%
14,963.16
Aaa/AA+
AA+

1.62 1.52
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 4,500,000.00 --

4.81%
4,476,030.00
4,476,030.00
100.57

4.27%
4,525,858.22
63,593.75

3.04%
49,828.22
Aaa/AA+
AA+

1.70 1.59
3130AXU63 FEDERAL HOME LOAN BANKS

4.625 11/17/2026 1,750,000.00 11/30/2023

4.53%
1,754,427.50
1,754,427.50
100.64

4.26%
1,761,225.34
9,892.36

1.18%
6,797.84
Aaa/AA+
AA+

1.88 1.77
3130AYPN0 FEDERAL HOME LOAN BANKS

4.125 01/15/2027 2,000,000.00 01/30/2024

4.21%
1,995,560.00
1,995,560.00

99.86 4.20%
1,997,125.72
38,041.67

1.34%
1,565.72
Aaa/AA+
AA+

2.04 1.90
3133EP6K6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/26/2027 1,000,000.00 04/08/2024

4.66%
995,520.00
995,520.00
100.50

4.26%
1,005,028.32
11,875.00

0.67%
9,508.32
Aaa/AA+
AA+

2.23 2.08
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027 1,500,000.00 04/10/2024

4.84%
1,496,115.00
1,496,115.00
101.40

4.09%
1,521,019.58
16,229.17

1.02%
24,904.58
Aaa/AA+
AA+

2.27 2.11
65 | 9
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
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
100.52

4.27%
1,005,201.29
5,125.00

0.67%
10,371.29
Aaa/AA+
AA+

2.38 2.23
3130AVVX7 FEDERAL HOME LOAN BANKS

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

4.00%
1,107,243.20
1,107,243.20

97.90 4.41%
1,096,480.07
2,566.67

0.74%
(10,763.13)
Aaa/AA+
AA+

3.44 3.18
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 2,000,000.00 07/06/2023

4.49%
1,956,940.00
1,956,940.00

98.70 4.41%
1,973,957.98
4,888.89

1.32%
17,017.98
Aaa/AA+
AA+

3.44 3.17
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 2,000,000.00 10/12/2023

4.71%
1,981,460.00
1,981,460.00
100.50

4.35%
2,009,944.26
24,750.00

1.35%
28,484.26
Aaa/AA+
AA+

3.73 3.36
Total Agency 27,630,000.00 4.41%
27,505,001.45
27,505,001.45
100.26

4.29%
27,699,179.69
309,726.34

18.58%
194,178.24
Aaa/AA+
AA+

1.96 1.82

AGENCY CMBS
3137BM7C4 FHMS K-051 A2 3.308
09/25/2025 1,182,667.61 06/23/2022

3.30%
1,180,172.92
1,180,172.92

99.07 4.50%
1,171,696.95
3,260.22

0.79%
(8,475.97)
Aaa/AA+
AAA

0.73 0.61
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 2,000,000.00 02/09/2023

4.27%
1,890,546.88
1,890,546.88

97.06 4.48%
1,941,206.20
4,421.67

1.30%
50,659.32
Aaa/AA+
AAA

1.65 1.54
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026 877,525.65 09/22/2022

4.23%
846,023.85
846,023.85

97.60 4.66%
856,449.24
2,447.57

0.57%
10,425.39
Aaa/AA+
AAA

1.90 1.70
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 862,000.00 --

4.03%
839,600.51
839,600.51

97.83 4.53%
843,335.63
2,463.88

0.57%
3,735.12
Aaa/AA+
AAA

2.07 1.82
3137F1G44 FHMS K-065 A2 3.243
04/25/2027 1,000,000.00 09/19/2022

4.02%
965,468.75
965,468.75

97.09 4.56%
970,889.70
2,702.50

0.65%
5,420.95
Aaa/AA+
AAA

2.31 2.10
3137FBU79 FHMS K-069 A2 3.187
09/25/2027 1,239,373.29 05/18/2023

4.13%
1,190,524.56
1,190,524.56

96.46 4.57%
1,195,483.61
3,291.57

0.80%
4,959.05
Aaa/AAA
AA+

2.73 2.48
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

97.10 4.61%
1,131,220.36
3,543.54

0.76%
23,742.23
Aaa/AA+
AAA

3.15 2.88
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

97.41 4.65%
1,217,603.38
4,062.50

0.82%
20,337.75
Aaa/AA+
AAA

3.65 3.30
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 1,500,000.00 08/19/2024

4.12%
1,385,332.03
1,385,332.03

91.15 4.71%
1,367,313.30
2,825.00

0.92%
(18,018.73)
Aaa/AA+
AAA

4.07 3.71
Total Agency
CMBS 11,076,566.55

4.22%
10,602,413.26
10,602,413.26

96.61 4.58%
10,695,198.36
29,018.45

7.17%
92,785.10
Aaa/AA+
AAA

2.48 2.25
CASH
CCYUSD Receivable 1,290.75 --

0.00%
1,290.75
1,290.75

1.00 0.00%
1,290.75

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
66 | 10
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
CCYUSD Receivable 26,792.30 --

0.00%
26,792.30
26,792.30

1.00 0.00%
26,792.30

0.00 0.02%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 28,083.05 0.00%
28,083.05
28,083.05

1.00 0.00%
28,083.05

0.00 0.02%

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

99.62 4.74%
1,992,386.00

0.00 1.34%
66,761.00
P-1/A-1+
F1

0.08 0.08
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

99.22 4.62%
2,679,018.30

0.00 1.80%
84,115.80
P-1/A-1
NA

0.17 0.17
Total Commercial
Paper 4,700,000.00 5.39%
4,520,527.50
4,520,527.50

99.39 4.67%
4,671,404.30

0.00 3.13%
150,876.80
P-1/AA-
A+

0.14 0.13

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

1.60%
1,000,000.00
1,000,000.00

99.84 4.63%
998,389.11
7,111.11

0.67%
(1,610.89)
A1/A
AA-

0.06 0.05
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

99.61 4.57%
896,515.40
5,527.50

0.60%
(3,358.60)
Aa3/A
AA-

0.31 0.31
14913R2V8 CATERPILLAR FINANCIAL
SERVICES CORP 3.4 05/13/2025 480,000.00 05/10/2022

3.44%
479,390.40
479,390.40

99.60 4.50%
478,076.76
2,176.00

0.32%
(1,313.64)
A2/A
A+

0.36 0.36
438516CB0 HONEYWELL INTERNATIONAL
INC 1.35 06/01/2025 1,000,000.00 03/09/2022

2.31%
970,280.00
970,280.00

98.70 4.55%
986,974.95
1,125.00

0.66%
16,694.95
A2/A
A

0.42 0.41
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

99.63 4.64%
996,271.90
2,615.28

0.67%
(5,558.10)
A2/A-
NA

0.43 0.42
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

99.43 4.73%
1,098,679.10
1,694.33

0.74%
(1,294.55)
A2/A-
A

0.45 0.44
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

99.49 4.49%
1,368,054.11
19,377.95

0.92%
(5,282.15)
A2/A
A+

0.61 0.59
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

99.17 4.61%
991,726.81
12,277.78

0.67%
1,016.81
Aa3/A
WR

0.62 0.60
437076CR1 HOME DEPOT INC 4.0
09/15/2025 1,000,000.00 09/14/2022

4.13%
996,380.00
996,380.00

99.66 4.48%
996,633.15
11,777.78

0.67%
253.15
A2/A
A

0.71 0.68
023135CN4 AMAZON.COM INC 4.6
12/01/2025 425,000.00 11/29/2022

4.60%
424,974.50
424,974.50
100.12

4.46%
425,498.78
1,629.17

0.29%
524.28
A1/AA
AA-

0.92 0.88
67 | 11
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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

1.75%
335,000.00
335,000.00

99.61 5.82%
333,706.57
2,355.89

0.22%
(1,293.44)
Aa3/A
AA-

1.10 0.09
037833BY5 APPLE INC 3.25 02/23/2026 1,000,000.00 02/22/2023

4.72%
959,390.00
959,390.00

98.79 4.34%
987,938.05
11,555.56

0.66%
28,548.05
Aaa/AA+
NA

1.15 1.09
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026 750,000.00 04/04/2023

4.52%
749,482.50
749,482.50

99.92 4.56%
749,390.17
7,593.75

0.50%
(92.33)
Aa3/AA+
AA+

1.27 1.21
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

98.45 4.56%
984,454.20
5,397.22

0.66%
30,234.20
A2/A
A

1.34 1.28
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
101.13

4.59%
1,011,304.27
1,650.00

0.68%
10,864.27
Aa3/AA-
AA-

1.47 1.40
61747YET8 MORGAN STANLEY 4.679
07/17/2026 1,000,000.00 09/14/2022

4.68%
994,030.00
994,030.00

99.89 5.65%
998,929.51
21,315.44

0.67%
4,899.51
A1/A-
A+

1.54 0.52
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00
100.92

4.45%
1,463,276.36
28,679.79

0.98%
11,351.36
A1/A+
NA

1.61 1.50
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
101.32

4.67%
1,013,198.02
20,415.50

0.68%
14,388.02
Aa1/A+
AA

1.63 1.44
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
101.25

4.41%
516,357.56
3,702.81

0.35%
6,495.26
A1/A+
NA

1.86 1.67
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 1,575,000.00 --

5.08%
1,576,460.00
1,576,460.00
101.05

4.53%
1,591,589.79
5,141.94

1.07%
15,129.79
Aa2/AA-
AA

1.94 1.74
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
100.14

4.43%
1,001,403.92
21,625.00

0.67%
1,943.92
A1/A
A+

2.02 1.87
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
100.39

4.67%
1,249,798.01
27,312.19

0.84%
5,109.26
A1/A
AA-

2.05 1.89
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
100.73

4.44%
1,510,950.05
25,000.00

1.01%
10,140.05
A1/AA-
NA

2.16 1.92
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
100.83

4.59%
1,220,070.70
17,285.49

0.82%
10,070.70
Aa3/A
AA-

2.21 1.97
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

98.68 4.59%
986,842.31
5,666.67

0.66%
(3,617.69)
A2/A+
A+

2.36 2.21
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

94.00 4.55%
1,410,025.92
3,545.83

0.95%
38,080.92
A2/A
NA

2.37 2.27
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60
100.95

4.47%
747,011.52
601.25

0.50%
8,465.92
A2/A
A

2.48 2.24
09290DAH4 BLACKROCK INC 4.6 07/26/2027 750,000.00 07/18/2024

4.57%
750,645.00
750,645.00
100.23

4.50%
751,706.56
14,854.17

0.50%
1,061.56
Aa3/AA-
NA

2.57 2.28
68 | 12
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
532457CP1 ELI LILLY AND CO 4.15
08/14/2027 1,250,000.00 08/22/2024

4.10%
1,251,637.50
1,251,637.50

99.46 4.37%
1,243,231.48
19,741.32

0.83%
(8,406.03)
A1/A+
NA

2.62 2.42
023135BC9 AMAZON.COM INC 3.15
08/22/2027 1,000,000.00 07/30/2024

4.55%
960,450.00
960,450.00

96.55 4.55%
965,519.16
11,287.50

0.65%
5,069.16
A1/AA
AA-

2.64 2.47
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

99.99 4.55%
999,911.71
12,765.28

0.67%
10,011.71
A1/A+
A+

2.72 2.50
64952WFJ7 NEW YORK LIFE GLOBAL
FUNDING 3.9 10/01/2027 1,000,000.00 09/25/2024

3.91%
999,820.00
999,820.00

98.23 4.59%
982,323.88
9,750.00

0.66%
(17,496.12)
Aaa/AA+
AAA

2.75 2.55
91324PDE9 UNITEDHEALTH GROUP INC 2.95
10/15/2027 1,250,000.00 07/30/2024

4.60%
1,189,300.00
1,189,300.00

95.70 4.61%
1,196,285.35
7,784.72

0.80%
6,985.35
A2/A+
A

2.79 2.62
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 750,000.00 06/22/2023

4.79%
715,005.00
715,005.00

96.66 4.80%
724,942.64
4,625.00

0.49%
9,937.64
A1/A
WR

3.33 3.07
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

99.00 4.72%
1,485,044.03
8,433.33

1.00%
1,019.03
Aa2/A+
AA-

3.37 3.08
Total Corporate 35,600,000.00 4.37%
35,163,060.45
35,163,060.45

99.36 4.60%
35,362,031.77
363,397.54

23.72%
198,971.32
A1/A+
A+

1.73 1.57

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 297,882.75 --

4.35%
297,882.75
297,882.75

1.00 4.35%
297,882.75

0.00 0.20%

0.00 Aaa/
AAAm
AAA

0.00 0.00
31846V567 FIRST AMER:GVT OBLG Z 7,106,497.49 --

4.35%
7,106,497.49
7,106,497.49

1.00 4.35%
7,106,497.49

0.00 4.77%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 7,404,380.24 4.35%
7,404,380.24
7,404,380.24

1.00 4.35%
7,404,380.24

0.00 4.97%

0.00 Aaa/
AAAm
AAA

0.00 0.00

SUPRANATIONAL
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

97.14 4.38%
485,711.20
8,215.28

0.33%
2,596.20
Aaa/AAA
NA

3.53 3.22
Total
Supranational 500,000.00 4.26%
483,115.00
483,115.00

97.14 4.38%
485,711.20
8,215.28

0.33%
2,596.20
Aaa/AAA
NA

3.53 3.22
69 | 13
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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

US TREASURY
912828Z52 UNITED STATES TREASURY 1.375
01/31/2025 2,000,000.00 06/04/2021

0.51%
2,062,500.00
2,062,500.00

99.76 4.35%
1,995,289.20
11,508.15

1.34%
(67,210.80)
Aaa/AA+
AA+

0.08 0.08
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

99.11 4.23%
1,982,110.50
2,554.95

1.33%
(14,920.75)
Aaa/AA+
AA+

0.25 0.24
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

98.73 4.32%
1,974,611.42
1,284.53

1.32%
(2,732.33)
Aaa/AA+
AA+

0.33 0.32
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

98.38 4.28%
1,770,793.49
395.60

1.19%
5,035.68
Aaa/AA+
AA+

0.41 0.40
91282CAB7 UNITED STATES TREASURY 0.25
07/31/2025 2,000,000.00 12/02/2021

4.30%
1,942,031.25
1,942,031.25

97.73 4.27%
1,954,510.82
2,092.39

1.31%
12,479.57
Aaa/AA+
AA+

0.58 0.57
91282CAJ0 UNITED STATES TREASURY 0.25
08/31/2025 1,000,000.00 03/22/2022

2.42%
928,828.13
928,828.13

97.39 4.31%
973,925.85
849.45

0.65%
45,097.72
Aaa/AA+
AA+

0.67 0.64
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 3,250,000.00 --

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

99.09 4.25%
3,220,401.24
24,910.71

2.16%
(39,481.57)
Aaa/AA+
AA+

0.75 0.72
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

98.98 4.26%
2,474,623.00
12,845.30

1.66%
(24,009.81)
Aaa/AA+
AA+

0.83 0.80
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

98.29 4.28%
2,457,221.65
7,303.18

1.65%
26,069.31
Aaa/AA+
AA+

0.87 0.84
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

98.47 4.21%
2,461,864.38
181.28

1.65%
49,071.41
Aaa/AA+
AA+

1.00 0.97
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

97.58 4.27%
2,439,618.05
14,371.57

1.64%
61,786.02
Aaa/AA+
AA+

1.25 1.20
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

99.37 4.26%
1,987,324.68
16,071.43

1.33%
21,621.55
Aaa/AA+
AA+

1.29 1.23
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

95.98 4.26%
2,879,270.01
7,790.06

1.93%
112,238.76
Aaa/AA+
AA+

1.87 1.80
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

95.29 4.24%
1,667,492.96

84.60 1.12%
26,252.73
Aaa/AA+
AA+

2.00 1.93
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

96.29 4.25%
2,407,257.30
15,968.41

1.61%
57,843.24
Aaa/AA+
AA+

2.25 2.13
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

97.65 4.25%
1,269,511.11
116.71

0.85%
2,823.61
Aaa/AA+
AA+

2.50 2.36
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

96.31 4.28%
1,926,146.12
23,016.30

1.29%
39,036.74
Aaa/AA+
AA+

2.58 2.42
70 | 14
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
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

97.12 4.28%
2,428,004.78
26,545.23

1.63%
(17,112.42)
Aaa/AA+
AA+

2.67 2.49
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

99.61 4.28%
1,593,681.47
16,862.64

1.07%
(1,818.53)
Aaa/AA+
AA+

2.75 2.54
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

94.55 4.29%
1,323,653.23
4,089.78

0.89%
24,715.73
Aaa/AA+
AA+

2.87 2.72
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 1,500,000.00 11/26/2024

4.24%
1,467,070.31
1,467,070.31

97.71 4.30%
1,465,615.43
21,970.11

0.98%
(1,454.89)
Aaa/AA+
AA+

3.08 2.84
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 2,750,000.00 09/27/2024

3.51%
2,684,257.81
2,684,257.81

95.27 4.39%
2,619,804.00
28,564.88

1.76%
(64,453.81)
Aaa/AA+
AA+

3.13 2.91
9128284V9 UNITED STATES TREASURY 2.875
08/15/2028 2,500,000.00 11/12/2024

4.34%
2,374,804.69
2,374,804.69

95.13 4.34%
2,378,149.10
27,148.44

1.60%
3,344.41
Aaa/AA+
AA+

3.62 3.35
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

95.69 4.35%
1,913,771.48
8,114.64

1.28%
43,146.48
Aaa/AA+
AA+

3.88 3.57
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 10/29/2024

4.30%
1,991,093.75
1,991,093.75

98.42 4.39%
1,968,300.84
33,478.26

1.32%
(22,792.91)
Aaa/AA+
AA+

4.58 4.07
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,750,000.00 12/17/2024

4.26%
2,618,730.47
2,618,730.47

94.72 4.39%
2,604,782.13
29,199.76

1.75%
(13,948.35)
Aaa/AA+
AA+

4.67 4.22
Total US Treasury 55,600,000.00 3.43%
53,877,107.42
53,877,107.42

97.40 4.29%
54,137,734.22
337,318.36

36.31%
260,626.80
Aaa/AA+
AA+

1.95 1.82
Total Portfolio 151,088,334.01 4.07%
148,126,527.34
148,126,527.34

93.78 4.42%
149,082,097.03
1,062,389.06
100.00%
955,569.69
Aa2/AA
AA

1.84 1.62
Total Market
Value + Accrued 150,144,486.08
71 | 15
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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

ACQUISITIONS
Purchase 12/02/2024 31846V567 18,775.00 FIRST AMER:GVT OBLG Z 1.000 4.52% (18,775.00) 0.00 (18,775.00) 0.00 Purchase 12/03/2024 31846V567 1,022.39 FIRST AMER:GVT OBLG Z 1.000 4.52% (1,022.39) 0.00 (1,022.39) 0.00 Purchase 12/03/2024 31846V567 25,183.23 FIRST AMER:GVT OBLG Z 1.000 4.52% (25,183.23) 0.00 (25,183.23) 0.00 Purchase 12/06/2024 31846V567 18,830.00 FIRST AMER:GVT OBLG Z 1.000 4.51% (18,830.00) 0.00 (18,830.00) 0.00 Purchase 12/09/2024 31846V567 101,241.25 FIRST AMER:GVT OBLG Z 1.000 4.51% (101,241.25) 0.00 (101,241.25) 0.00 Purchase 12/12/2024 31846V567 47,500.00 FIRST AMER:GVT OBLG Z 1.000 4.51% (47,500.00) 0.00 (47,500.00) 0.00 Purchase 12/16/2024 31846V567 1,000,099.70 FIRST AMER:GVT OBLG Z 1.000 4.51% (1,000,099.70) 0.00 (1,000,099.70) 0.00 Purchase 12/16/2024 31846V567 9,129.40 FIRST AMER:GVT OBLG Z 1.000 4.51% (9,129.40) 0.00 (9,129.40) 0.00 Purchase 12/18/2024 31846V567 21,452.96 FIRST AMER:GVT OBLG Z 1.000 4.51% (21,452.96) 0.00 (21,452.96) 0.00 Purchase 12/20/2024 91282CFJ5 2,750,000.00 UNITED STATES TREASURY

3.125 08/31/2029 95.227 4.26% (2,618,730.47) (26,351.00) (2,645,081.47) 0.00 Purchase 12/23/2024 31846V567 12,184.61 FIRST AMER:GVT OBLG Z 1.000 4.51% (12,184.61) 0.00 (12,184.61) 0.00
Purchase 12/26/2024 31846V567 17,037.50 FIRST AMER:GVT OBLG Z 1.000 4.51% (17,037.50) 0.00 (17,037.50) 0.00 Purchase 12/26/2024 31846V567 75,254.90 FIRST AMER:GVT OBLG Z 1.000 4.51% (75,254.90) 0.00 (75,254.90) 0.00 Purchase 12/31/2024 31846V567 69,250.00 FIRST AMER:GVT OBLG Z 1.000 4.35% (69,250.00) 0.00 (69,250.00) 0.00 Total Purchase 4,166,960.94 (4,035,691.41) (26,351.00) (4,062,042.41) 0.00 TOTAL
ACQUISITIONS 4,166,960.94 (4,035,691.41) (26,351.00) (4,062,042.41) 0.00 OTHER
Maturity 12/15/2024 91282CDN8 (900,000.00) UNITED STATES TREASURY

1.0 12/15/2024 100.000 1.00% 900,000.00 0.00 900,000.00 (386.72) Maturity 12/20/2024 3130AQF40 (1,400,000.00) FEDERAL HOME LOAN BANKS 1.0 12/20/2024 100.000 1.00% 1,400,000.00 0.00 1,400,000.00 1,232.00 Total Maturity (2,300,000.00) 2,300,000.00 0.00 2,300,000.00 845.28 Sale 12/20/2024 31846V567 (1,207,858.30) FIRST AMER:GVT OBLG Z 1.000 4.51% 1,207,858.30 0.00 1,207,858.30 0.00 Total Sale (1,207,858.30) 1,207,858.30 0.00 1,207,858.30 0.00

TOTAL OTHER
TRANSACTIONS (3,507,858.30) 3,507,858.30 0.00 3,507,858.30 845.28 OTHER
72 | 16
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 12/01/2024 438516CB0 0.00

HONEYWELL
INTERNATIONAL INC 1.35
06/01/2025

2.31% 6,750.00 0.00 6,750.00 0.00
Coupon 12/01/2024 3137BM7C4 0.00 FHMS K-051 A2 3.308
09/25/2025 3.30% 3,267.39 0.00 3,267.39 0.00
Coupon 12/01/2024 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 12/01/2024 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.23% 2,825.00 0.00 2,825.00 0.00
Coupon 12/01/2024 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 12/01/2024 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.59% 2,463.88 0.00 2,463.88 0.00
Coupon 12/01/2024 023135CN4 0.00 AMAZON.COM INC 4.6
12/01/2025 4.60% 9,775.00 0.00 9,775.00 0.00
Coupon 12/01/2024 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.60% 3,297.23 0.00 3,297.23 0.00
Coupon 12/01/2024 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 5.07% 4,062.50 0.00 4,062.50 0.00
Coupon 12/01/2024 3137BTUM1 0.00 FHMS K-061 A2 3.347
11/25/2026 5.14% 2,452.69 0.00 2,452.69 0.00
Coupon 12/01/2024 3137F4X72 0.00 FHMS K-075 A2 3.65
02/25/2028 5.23% 3,543.54

0.00 3,543.54 0.00
Coupon 12/06/2024 89115A2A9 0.00 TORONTO-DOMINION
BANK 3.766 06/06/2025 3.70% 18,830.00 0.00 18,830.00 0.00 Coupon 12/08/2024 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 12/09/2024 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 12/09/2024 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 12/12/2024 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 12/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 27.33 0.00 27.33 0.00
73 | 17
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 12/15/2024 91282CDN8 0.00 UNITED STATES TREASURY

1.0 12/15/2024 1.00% 4,500.00 0.00 4,500.00 0.00
Coupon 12/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.33% 263.71 0.00 263.71 0.00
Coupon 12/15/2024 02582JJT8 0.00 AMXCA 2022-2 A 3.39
05/17/2027 3.40% 2,556.63 0.00 2,556.63 0.00
Coupon 12/15/2024 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 12/15/2024 58769GAD5 0.00 MBALT 2024-B A3 4.23
02/15/2028 4.24% 1,921.13 0.00 1,921.13 0.00
Coupon 12/15/2024 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.96% 1,384.67 0.00 1,384.67 0.00
Coupon 12/15/2024 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 12/15/2024 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 12/15/2024 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 12/15/2024 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.32% 1,551.67 0.00 1,551.67 0.00
Coupon 12/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68%

34.88 0.00 34.88 0.00
Coupon 12/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 70.31 0.00 70.31 0.00
Coupon 12/16/2024 36265WAD5 0.00 GMCAR 2022-3 A3 3.64
04/16/2027 3.64% 633.57 0.00 633.57 0.00
Coupon 12/18/2024 43815PAC3 0.00 HAROT 2022-2 A3 3.73
07/20/2026 3.73% 653.61 0.00 653.61 0.00
Coupon 12/20/2024 3130AQF40 0.00 FEDERAL HOME LOAN
BANKS 1.0 12/20/2024 1.00% 7,000.00 0.00 7,000.00 0.00
Coupon 12/20/2024 36269FAD8 0.00 GMALT 2024-1 A3 5.09
03/22/2027 5.09% 1,929.96 0.00 1,929.96 0.00
74 | 18
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 12/20/2024 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 12/20/2024 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 12/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 46.86 0.00 46.86 0.00
Coupon 12/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 348.91 0.00 348.91 0.00
Coupon 12/25/2024 437076DB5 0.00 HOME DEPOT INC 4.875
06/25/2027 4.95% 18,037.50 0.00 18,037.50 0.00
Coupon 12/25/2024 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.16% 242.57 0.00 242.57 0.00
Coupon 12/25/2024 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 2,590.00 0.00 2,590.00 0.00
Coupon 12/25/2024 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 12/31/2024 9128285T3 0.00 UNITED STATES TREASURY

2.625 12/31/2025 3.76% 32,812.50 0.00 32,812.50 0.00
Coupon 12/31/2024 91282CEW7 0.00 UNITED STATES TREASURY

3.25 06/30/2027 3.87% 21,125.00 0.00 21,125.00 0.00
Coupon 12/31/2024 912828YX2 0.00 UNITED STATES TREASURY

1.75 12/31/2026 3.96% 15,312.50 0.00
15,312.50 0.00
Total Coupon 0.00 391,534.95 0.00 391,534.95 0.00
Custody Fee 12/26/2024 CCYUSD (1,000.00) Cash 0.00% (1,000.00) 0.00 (1,000.00) 0.00 Total Custody
Fee (1,000.00) (1,000.00) 0.00 (1,000.00) 0.00
Dividend 12/19/2024 31846V567 0.00 FIRST AMER:GVT OBLG Z 4.51% 37.88 0.00 37.88 0.00 Dividend 12/31/2024 31846V567 0.00 FIRST AMER:GVT OBLG Z 4.35% 28,083.05 0.00 28,083.05 0.00 Total Dividend 0.00 28,120.93 0.00 28,120.93 0.00
Principal
Paydown 12/01/2024 3137BM7C4 2,601.77 FHMS K-051 A2 3.308 09/25/2025 3.30% 2,601.77 -- 2,601.77 5.48
Principal
Paydown 12/01/2024 3137FBU79 2,131.70 FHMS K-069 A2 3.187 09/25/2027 4.64% 2,131.70 -- 2,131.70 84.02
75 | 19
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal
Paydown 12/01/2024 3137BTUM1 1,837.65 FHMS K-061 A2 3.347 11/25/2026 5.20% 1,837.65 -- 1,837.65 65.97
Principal
Paydown 12/15/2024 47789QAC4 10,479.49 JDOT 2021-B A3 0.52 03/16/2026 0.52% 10,479.49 -- 10,479.49 0.93
Principal
Paydown 12/15/2024 47787JAC2 16,366.54 JDOT 2022 A3 0.36 09/15/2026 2.33% 16,366.54 -- 16,366.54 3.62
Principal
Paydown 12/16/2024 362554AC1 9,094.52 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 9,094.52 -- 9,094.52 0.23
Principal
Paydown 12/16/2024 380146AC4 9,093.93 GMCAR 2022-1 A3 1.26 11/16/2026 1.26% 9,093.93 -- 9,093.93 0.79
Principal
Paydown 12/16/2024 36265WAD5 18,297.06 GMCAR 2022-3 A3 3.64 04/16/2027 3.64% 18,297.06 -- 18,297.06 0.12
Principal
Paydown 12/18/2024 43815PAC3 20,799.35 HAROT 2022-2 A3 3.73 07/20/2026 3.73% 20,799.35 -- 20,799.35 1.24
Principal
Paydown 12/21/2024 43815GAC3 12,137.75 HAROT 2021-4 A3 0.88 01/21/2026 0.89% 12,137.75 -- 12,137.75 2.56
Principal
Paydown 12/25/2024 05602RAD3 15,719.45 BMWOT 2022-A A3 3.21 08/25/2026 3.21% 15,719.45 -- 15,719.45 0.82
Principal
Paydown 12/25/2024 05593AAC3 16,596.45 BMWLT 2023-1 A3 5.16 11/25/2025 5.16% 16,596.45 -- 16,596.45

0.40 Total Principal
Paydown 135,155.66 135,155.66 -- 135,155.66 166.19

TOTAL OTHER
TRANSACTIONS 134,155.66 553,811.54 0.00 553,811.54 166.19 76 | 20
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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

CASH & EQUIVALENTS
31846V567 FIRST AMER:GVT OBLG Z
7,404,380.24
7,195,277.60
1,416,960.94
(1,207,858.30)
7,404,380.24

0.00 26,243.50

0.00 0.00

0.00 26,243.50
26,243.50
CCYUSD Receivable
28,083.05
28,455.62

0.00 0.00
28,083.05

0.00 0.00

0.00 Total Cash & Equivalents 7,432,463.29
7,223,733.22
1,416,960.94
(1,207,858.30)
7,432,463.29

0.00 26,243.50

0.00 0.00

0.00 26,243.50 26,243.50

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
023135BC9 AMAZON.COM INC 3.15
08/22/2027
07/30/2024
07/30/2024
1,000,000.00
960,450.00

0.00 0.00
960,450.00
8,662.50

0.00 11,287.50
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
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 3.39
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

0.00 2,556.63
2,556.63
77 | 21
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
39,815.69
56,410.80

0.00 (16,596.05)
39,814.75

48.51 242.57

34.24 228.30

0.00 0.00

0.00 228.30
228.30
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
114,713.83
130,426.49

0.00 (15,718.63)
114,707.86

69.78 348.91

61.37 340.50

0.00 0.00

0.00 340.50
340.50
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027
06/20/2024
06/21/2024
1,000,000.00
994,687.50

0.00 0.00
994,687.50
830.00
4,150.00
830.00
4,150.00

0.00 0.00

0.00 4,150.00
4,150.00
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
09290DAH4 BLACKROCK INC 4.6
07/26/2027
07/18/2024
07/26/2024
750,000.00
750,645.00

0.00 0.00
750,645.00
11,979.17

0.00 14,854.17
2,875.00

0.00 0.00

0.00 2,875.00
2,875.00
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
600,000.00
599,908.86

0.00 0.00
599,908.86
518.00
2,590.00
518.00
2,590.00

0.00 0.00

0.00 2,590.00
2,590.00
78 | 22
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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

0.00 1,360.00
1,360.00
14913R2Z9

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
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
3130AQF40 FEDERAL HOME LOAN BANKS

1.0 12/20/2024
12/21/2021
12/22/2021

0.00 1,398,768.00

0.00 (1,398,768.00)

0.00 6,261.11
7,000.00

0.00 738.89

0.00 0.00

0.00 738.89
738.89
3130AVVX7 FEDERAL HOME LOAN BANKS

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
79 | 23
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
31,166.67

0.00 38,041.67
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
10,291.67

0.00 16,229.17
5,937.50

0.00 0.00

0.00 5,937.50
5,937.50
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

0.00 707.81
707.81
3133ENPG9

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
80 | 24
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
1,182,667.61
1,182,769.20

0.00 (2,596.29)
1,180,172.92
3,267.39
3,267.39
3,260.22
3,260.22

0.00 0.00

0.00 3,260.22
3,260.22
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
877,525.65
847,795.53

0.00 (1,771.68)
846,023.85
2,452.69
2,452.69
2,447.57
2,447.56

0.00 0.00

0.00 2,447.56
2,447.56
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
81 | 25
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
1,239,373.29
1,192,572.24

0.00 (2,047.68)
1,190,524.56
3,297.23
3,297.23
3,291.57
3,291.57

0.00 0.00

0.00 3,291.57
3,291.57
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
3137H5YC5 FHMS K-748 A2 2.26
01/25/2029
08/19/2024
08/22/2024
1,500,000.00
1,385,332.03

0.00 0.00
1,385,332.03
2,825.00
2,825.00
2,825.00
2,825.00

0.00 0.00

0.00 2,825.00
2,825.00
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
52,460.15
61,553.11

0.00 (9,094.29)
52,458.82

17.44 34.88

14.86 32.30

0.00 0.00

0.00 32.30

32.30 36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027
07/06/2022
07/13/2022
190,572.35
208,867.97

0.00 (18,296.94)
190,571.04
316.79
633.57
289.03
605.82

0.00 0.00

0.00 605.82
605.82
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
82 | 26
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
57,869.50
66,957.61

0.00 (9,093.14)
57,864.47

35.16 70.31

30.38 65.54

0.00 0.00

0.00 65.54

65.54 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
738,545.60

0.00 0.00
738,545.60
15,632.50
18,037.50
601.25
3,006.25

0.00 0.00

0.00 3,006.25
3,006.25
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
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
51,767.94
63,892.22

0.00 (12,135.19)
51,757.03

15.62 46.86

12.65 43.89

0.00 0.00

0.00 43.89

43.89 43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026
08/15/2022
08/24/2022
189,478.49
210,265.31

0.00 (20,798.11)
189,467.20
283.23
653.61
255.22
625.59

0.00 0.00

0.00 625.59
625.59
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
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
83 | 27
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

0.00 (16,362.92)
120,005.97
140.64
263.71
123.77
246.83

0.00 0.00

0.00 246.83
246.83
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
52,593.70
63,067.56

0.00 (10,478.56)
52,589.01

14.58 27.33

12.16 24.91

0.00 0.00

0.00 24.91

24.91 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
532457CP1 ELI LILLY AND CO 4.15
08/14/2027
08/22/2024
08/23/2024
1,250,000.00
1,251,637.50

0.00 0.00
1,251,637.50
15,418.40

0.00 19,741.32
4,322.92

0.00 0.00

0.00 4,322.92
4,322.92
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
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028
09/17/2024
09/25/2024
545,000.00
544,908.28

0.00 0.00
544,908.28
1,024.60
1,921.13
1,024.60
1,921.13

0.00 0.00

0.00 1,921.13
1,921.13
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
827.56
1,551.67
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
84 | 28
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
2,594,902.50

0.00 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
64952WFJ7 NEW YORK LIFE GLOBAL
FUNDING 3.9 10/01/2027
09/25/2024
10/01/2024
1,000,000.00
999,820.00

0.00 0.00
999,820.00
6,500.00

0.00 9,750.00
3,250.00

0.00 0.00

0.00 3,250.00
3,250.00
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

0.00 3,333.33
3,333.33
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
85 | 29
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
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

0.00 5,034.61
5,034.61
89115A2A9 TORONTO-DOMINION BANK

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 89236TKJ3 TOYOTA MOTOR CREDIT
CORP 4.55 09/20/2027
06/20/2024
06/21/2024
1,000,000.00
989,900.00

0.00 0.00
989,900.00
8,973.61

0.00 12,765.28
3,791.67

0.00 0.00

0.00 3,791.67
3,791.67
9128283F5 UNITED STATES TREASURY

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
1,392.27

0.00 4,089.78
2,697.51

0.00 0.00

0.00 2,697.51
2,697.51
9128283W8 UNITED STATES TREASURY

2.75 02/15/2028
09/27/2024
09/30/2024
2,750,000.00
2,684,257.81

0.00 0.00
2,684,257.81
22,194.29

0.00 28,564.88
6,370.58

0.00 0.00

0.00 6,370.58
6,370.58
9128284V9 UNITED STATES TREASURY

2.875 08/15/2028
11/12/2024
11/15/2024
2,500,000.00
2,374,804.69

0.00 0.00
2,374,804.69
21,093.75

0.00 27,148.44
6,054.69

0.00 0.00

0.00 6,054.69
6,054.69
86 | 30
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

0.00 0.00
3,259,882.81
16,607.14

0.00 24,910.71
8,303.57

0.00 0.00

0.00 8,303.57
8,303.57
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
6,422.65

0.00 12,845.30
6,422.65

0.00 0.00

0.00 6,422.65
6,422.65
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
2,762.43

0.00 8,114.64
5,352.21

0.00 0.00

0.00 5,352.21
5,352.21
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
27,462.64
32,812.50
181.28
5,531.15

0.00 0.00

0.00 5,531.15
5,531.15
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
9,581.04

0.00 14,371.57
4,790.52

0.00 0.00

0.00 4,790.52
4,790.52
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
2,486.19

0.00 7,303.18
4,816.99

0.00 0.00

0.00 4,816.99
4,816.99
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
2,651.93

0.00 7,790.06
5,138.12

0.00 0.00

0.00 5,138.12
5,138.12
912828YX2 UNITED STATES TREASURY

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
12,815.90
15,312.50

84.60 2,581.20

0.00 0.00

0.00 2,581.20
2,581.20
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
9,191.58

0.00 11,508.15
2,316.58

0.00 0.00

0.00 2,316.58
2,316.58
87 | 31
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

0.00 0.00
1,997,031.25
1,703.30

0.00 2,554.95
851.65

0.00 0.00

0.00 851.65
851.65
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
642.27

0.00 1,284.53
642.27

0.00 0.00

0.00 642.27
642.27
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

12.36 2,250.00
395.60
2,633.24

0.00 0.00

0.00 2,633.24
2,633.24
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
1,671.20

0.00 2,092.39
421.20

0.00 0.00

0.00 421.20
421.20
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
635.36

0.00 849.45
214.09

0.00 0.00

0.00 214.09
214.09
91282CDN8 UNITED STATES TREASURY 1.0
12/15/2024
12/29/2021
12/30/2021

0.00 900,386.72

0.00 (900,386.72)

0.00 4,155.74
4,500.00

0.00 344.26

0.00 0.00

0.00 344.26
344.26
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
10,645.60

0.00 15,968.41
5,322.80

0.00 0.00

0.00 5,322.80
5,322.80
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
17,680.71
21,125.00
116.71
3,561.01

0.00 0.00

0.00 3,561.01
3,561.01
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
18,383.15

0.00 23,016.30
4,633.15

0.00 0.00

0.00 4,633.15
4,633.15
88 | 32
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

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
19,854.97

0.00 26,545.23
6,690.26

0.00 0.00

0.00 6,690.26
6,690.26
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
12/17/2024
12/20/2024
2,750,000.00

0.00 2,618,730.47

0.00 (26,351.00)
29,199.76
2,848.76

0.00 0.00

0.00 2,848.76
2,848.76
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
11,241.76

0.00 16,862.64
5,620.88

0.00 0.00

0.00 5,620.88
5,620.88
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
11/26/2024
11/27/2024
1,500,000.00
1,467,070.31

0.00 0.00
1,467,070.31
17,547.55

0.00 21,970.11
4,422.55

0.00 0.00

0.00 4,422.55
4,422.55
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
9,684.07

0.00 16,071.43
6,387.36

0.00 0.00

0.00 6,387.36
6,387.36
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
10/29/2024
10/31/2024
2,000,000.00
1,991,093.75

0.00 0.00
1,991,093.75
26,739.13

0.00 33,478.26
6,739.13

0.00 0.00

0.00 6,739.13
6,739.13
91324PDE9 UNITEDHEALTH GROUP INC

2.95 10/15/2027
07/30/2024
07/31/2024
1,250,000.00
1,189,300.00

0.00 0.00
1,189,300.00
4,711.81

0.00 7,784.72
3,072.92

0.00 0.00

0.00 3,072.92
3,072.92
Total Fixed Income 143,655,870.72
140,509,477.77
2,618,730.47
(2,434,144.19)
140,694,064.05
1,037,353.52
367,433.95
1,062,389.06
392,469.49

0.00 0.00

0.00 392,469.49 392,469.49
TOTAL PORTFOLIO 151,088,334.01
147,733,210.99
4,035,691.41
(3,642,002.49)
148,126,527.34
1,037,353.52
393,677.45
1,062,389.06
418,712.99

0.00 0.00

0.00 418,712.99 418,712.99
89 | 33
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 3.39 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 120,032.52 JDOT 2022 A3 0.36 09/15/2026 224.67 224.67 01/15/2025 Principal Paydown 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 17,401.32 17,401.32 01/15/2025 Coupon 47789QAC4 52,593.70 JDOT 2021-B A3 0.52 03/16/2026 23.35 23.35 01/15/2025 Principal Paydown 47789QAC4 52,593.70 JDOT 2021-B A3 0.52 03/16/2026 17,328.50 17,328.50 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 01/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 01/16/2025 Coupon 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 32.79 32.79 01/16/2025 Principal Paydown
362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 8,234.20 8,234.20 01/16/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 580.17 580.17 01/16/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 17,249.12 17,249.12 01/16/2025 Coupon 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 61.38 61.38 01/16/2025 Principal Paydown 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 8,314.45 8,314.45 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 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 590.64 590.64 01/20/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 19,864.79 19,864.79 90 | 34
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/21/2025 Coupon 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 37.96 37.96 01/21/2025 Principal Paydown 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 10,992.51 10,992.51 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 39,815.69 BMWLT 2023-1 A3 5.16 11/25/2025 146.08 146.08 01/27/2025 Principal Paydown 05593AAC3 39,815.69 BMWLT 2023-1 A3 5.16 11/25/2025 20,105.14 20,105.14 01/27/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 310.43 310.43 01/27/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 14,768.32 14,768.32 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 09290DAH4 750,000.00 BLACKROCK INC 4.6 07/26/2027 17,250.00 17,250.00 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 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 3,260.22 3,260.22 01/27/2025 Principal Paydown 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 2,456.47 2,456.47 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 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,447.57 2,447.57 01/27/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,738.21 1,738.21 01/27/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.89 2,463.89 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 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,291.57 3,291.57 01/27/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,002.39 2,002.39 01/27/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 01/27/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 01/30/2025 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 50,000.00 50,000.00
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 91 | 35
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/31/2025 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 01/31/2025 Coupon 91282CGH8 1,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 26,250.00 26,250.00 01/31/2025 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 January 2025 Total 5,895,455.43 406,871.65 6,302,327.08 FEBRUARY 2025
02/06/2025 Coupon 857477BR3 335,000.00 STATE STREET CORP 1.746 02/06/2026 2,924.55 2,924.55 02/06/2025 Effective Maturity 857477BR3 335,000.00 STATE STREET CORP 1.746 02/06/2026 335,000.00 335,000.00 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
02/14/2025 Coupon 532457CP1 1,250,000.00 ELI LILLY AND CO 4.15 08/14/2027 25,937.50 25,937.50 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 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 28.12 28.12 02/17/2025 Principal Paydown 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 8,116.23 8,116.23 02/17/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 527.85 527.85 02/17/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 16,989.97 16,989.97 02/17/2025 Coupon 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026

52.65 52.65
02/17/2025 Principal Paydown 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 8,166.80 8,166.80 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 120,032.52 JDOT 2022 A3 0.36 09/15/2026 191.03 191.03 02/17/2025 Principal Paydown 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 13,163.52 13,163.52 02/17/2025 Coupon 47789QAC4 52,593.70 JDOT 2021-B A3 0.52 03/16/2026 15.85 15.85 02/17/2025 Principal Paydown 47789QAC4 52,593.70 JDOT 2021-B A3 0.52 03/16/2026 15,453.89 15,453.89 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 02/17/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 92 | 36
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/18/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,556.63 2,556.63 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 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 528.90 528.90 02/18/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 19,472.15 19,472.15 02/18/2025 Coupon 9128283W8 2,750,000.00 UNITED STATES TREASURY 2.75 02/15/2028 37,812.50 37,812.50 02/18/2025 Coupon 9128284V9 2,500,000.00 UNITED STATES TREASURY 2.875 08/15/2028 35,937.50 35,937.50 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 02/21/2025 Coupon 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 29.90 29.90 02/21/2025 Principal Paydown 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 10,790.86 10,790.86 02/24/2025 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 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 39,815.69 BMWLT 2023-1 A3 5.16 11/25/2025 59.63 59.63 02/25/2025 Effective Maturity 05593AAC3 39,815.69 BMWLT 2023-1 A3 5.16 11/25/2025 13,867.53 13,867.53 02/25/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 270.92 270.92 02/25/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 13,530.36 13,530.36 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 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 3,253.45 3,253.45 02/25/2025 Principal Paydown 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 17,589.84 17,589.84 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 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,442.72 2,442.72 02/25/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,743.73 1,743.73 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 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,286.25 3,286.25 02/25/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,008.85 2,008.85 02/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 02/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 93 | 37
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,250.00 1,250.00 02/28/2025 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 02/28/2025 Coupon 91282CFJ5 2,750,000.00 UNITED STATES TREASURY 3.125 08/31/2029 42,968.75 42,968.75 February 2025
Total 1,675,893.73 486,030.37 2,161,924.10
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
03/17/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 3.39 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 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 23.52 23.52 03/17/2025 Principal Paydown 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 7,903.54 7,903.54 03/17/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 476.31 476.31 03/17/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 15,789.26 15,789.26 03/17/2025 Coupon 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 44.07 44.07 03/17/2025 Principal Paydown 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 7,650.53 7,650.53 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 120,032.52 JDOT 2022 A3 0.36 09/15/2026 165.58 165.58 03/17/2025 Principal Paydown 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 10,754.60 10,754.60 03/17/2025 Coupon 47789QAC4 52,593.70 JDOT 2021-B A3 0.52 03/16/2026 9.15 9.15 03/17/2025 Principal Paydown 47789QAC4 52,593.70 JDOT 2021-B A3 0.52 03/16/2026 12,968.31 12,968.31 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 03/17/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 03/18/2025 Coupon 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 468.37 468.37 03/18/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 18,880.83 18,880.83 03/18/2025 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 94 | 38
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 1,255.33 1,255.33 03/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 24,400.84 24,400.84 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 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 21.99 21.99 03/21/2025 Principal Paydown 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 10,460.52 10,460.52 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 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 234.73 234.73 03/25/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 13,099.21 13,099.21 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 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 3,204.96 3,204.96 03/25/2025 Principal Paydown 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 2,882.43 2,882.43 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 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,437.85 2,437.85 03/25/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,063.26 2,063.26 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 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,280.92 3,280.92 03/25/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,421.74 2,421.74 03/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 03/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 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 95 | 39
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount March 2025 Total 4,829,275.07 452,263.66 5,281,538.73
APRIL 2025
04/01/2025 Coupon 64952WFJ7 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.9 10/01/2027 19,500.00 19,500.00
04/09/2025 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 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 3.39 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 120,032.52 JDOT 2022 A3 0.36 09/15/2026 144.78 144.78 04/15/2025 Principal Paydown 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 13,675.78 13,675.78 04/15/2025 Coupon 47789QAC4 52,593.70 JDOT 2021-B A3 0.52 03/16/2026 3.53 3.53 04/15/2025 Effective Maturity 47789QAC4 52,593.70 JDOT 2021-B A3 0.52 03/16/2026 8,144.72 8,144.72 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 04/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 04/15/2025 Coupon 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 37,500.00 37,500.00 04/15/2025 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 04/16/2025 Coupon 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 19.04 19.04 04/16/2025 Principal Paydown 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 8,127.29 8,127.29 04/16/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 428.42 428.42 04/16/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 16,329.40 16,329.40 04/16/2025 Coupon 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 36.04 36.04 04/16/2025 Principal Paydown 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 7,886.09 7,886.09 04/18/2025 Coupon 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 409.68 409.68 04/18/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 19,203.91 19,203.91 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 1,145.94 1,145.94 04/21/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 29,451.33 29,451.33 04/21/2025 Coupon 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 14.32 14.32 96 | 40
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/21/2025 Principal Paydown 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 10,528.20 10,528.20 04/25/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 199.69 199.69 04/25/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 13,382.78 13,382.78 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
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 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 3,197.01 3,197.01 04/25/2025 Principal Paydown 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 25,132.21 25,132.21 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 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,432.10 2,432.10 04/25/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,755.89 1,755.89 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 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,274.48 3,274.48 04/25/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,023.22 2,023.22 04/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50
04/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 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 3,055,640.81 245,563.27 3,301,204.08
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 05/08/2025 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 97 | 41
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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
05/15/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,556.63 2,556.63 05/15/2025 Final Maturity 02582JJT8 905,000.00 AMXCA 2022-2 A 3.39 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 120,032.52 JDOT 2022 A3 0.36 09/15/2026 118.35 118.35 05/15/2025 Principal Paydown 47787JAC2 120,032.52 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 05/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 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 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 14.44 14.44 05/16/2025 Principal Paydown 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 7,860.04 7,860.04 05/16/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 378.89 378.89 05/16/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 15,652.16 15,652.16 05/16/2025 Coupon 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 27.76 27.76 05/16/2025 Principal Paydown 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 7,557.75 7,557.75 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 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 349.99 349.99 05/19/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 18,455.62 18,455.6298 | 42
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 1,013.90 1,013.90 05/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 36,907.94 36,907.94 05/21/2025 Coupon 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 6.60 6.60 05/21/2025 Effective Maturity 43815GAC3 51,767.94 HAROT 2021-4 A3 0.88 01/21/2026 8,995.84 8,995.84 05/26/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 163.89 163.89 05/26/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 12,851.27 12,851.27 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 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 05/26/2025 Coupon 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 3,127.73 3,127.73 05/26/2025 Principal Paydown 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 21,068.08 21,068.08 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 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,427.20 2,427.20 05/26/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,865.67 1,865.67 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 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,269.11 3,269.11 05/26/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,164.68 2,164.68 05/26/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 05/26/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 May 2025 Total 1,530,931.29 371,466.07 1,902,397.37
JUNE 2025
06/02/2025 Coupon 023135CN4 425,000.00 AMAZON.COM INC 4.6 12/01/2025 9,775.00 9,775.00 06/02/2025 Coupon 438516CB0 1,000,000.00 HONEYWELL INTERNATIONAL INC 1.35 06/01/2025 6,750.00 6,750.00
06/02/2025 Final Maturity 438516CB0 1,000,000.00 HONEYWELL INTERNATIONAL INC 1.35 06/01/2025 1,000,000.00 1,000,000.00
06/02/2025 Coupon 912828ZT0 1,800,000.00 UNITED STATES TREASURY 0.25 05/31/2025 2,250.00 2,250.00 06/02/2025 Final Maturity 912828ZT0 1,800,000.00 UNITED STATES TREASURY 0.25 05/31/2025 1,800,000.00 1,800,000.00 99 | 43
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/06/2025 Coupon 89115A2A9 1,000,000.00 TORONTO-DOMINION BANK 3.766 06/06/2025 18,830.00 18,830.00 06/06/2025 Final Maturity 89115A2A9 1,000,000.00 TORONTO-DOMINION BANK 3.766 06/06/2025 1,000,000.00 1,000,000.00 06/09/2025 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 06/09/2025 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 06/09/2025 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 40,241.25 40,241.25 06/12/2025 Coupon 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 47,500.00 47,500.00 06/16/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 06/16/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 06/16/2025 Coupon 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 9.98 9.98 06/16/2025 Principal Paydown 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 7,517.37 7,517.37 06/16/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 331.41 331.41 06/16/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 15,353.07 15,353.07 06/16/2025 Coupon 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 19.82 19.82 06/16/2025 Principal Paydown 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 7,403.02 7,403.02 06/16/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 06/16/2025 Coupon 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 94.08 94.08 06/16/2025 Principal Paydown 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 10,156.88 10,156.88 06/16/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 06/16/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 06/16/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 06/16/2025 Coupon 63743HFE7 1,105,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 19,061.25 19,061.25
06/16/2025 Final Maturity 63743HFE7 1,105,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 1,105,000.00 1,105,000.00
06/18/2025 Coupon 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 292.62 292.62 06/18/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 16,598.76 16,598.76 06/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 06/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 848.43 848.43 06/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 33,505.47 33,505.47 06/20/2025 Coupon 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 27,000.00 27,000.00 06/25/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 129.51 129.51 06/25/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 12,102.32 12,102.32 100
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Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 06/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 06/25/2025 Coupon 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 3,069.65 3,069.65 06/25/2025 Principal Paydown 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 108,111.21 108,111.21 06/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 06/25/2025 Coupon 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,422.00 2,422.00 06/25/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,767.41 1,767.41 06/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 06/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 06/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 06/25/2025 Coupon 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,263.36 3,263.36 06/25/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,036.75 2,036.75 06/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 06/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 06/25/2025 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 06/30/2025 Coupon 9128285T3 2,500,000.00 UNITED STATES TREASURY 2.625 12/31/2025 32,812.50 32,812.50 06/30/2025 Coupon 912828YX2 1,750,000.00 UNITED STATES TREASURY 1.75 12/31/2026 15,312.50 15,312.50 06/30/2025 Coupon 91282CEW7 1,300,000.00 UNITED STATES TREASURY 3.25 06/30/2027 21,125.00 21,125.00 June 2025 Total 5,119,552.28 377,614.97 5,497,167.25
JULY 2025
07/08/2025 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 07/14/2025 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
07/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 07/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 07/15/2025 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 41,250.00 41,250.00
07/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 07/15/2025 Coupon 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 74.44 74.44 07/15/2025 Principal Paydown 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 12,031.21 12,031.21 07/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 07/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 101
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Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 07/16/2025 Coupon 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 5.72 5.72 07/16/2025 Principal Paydown 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 7,221.92 7,221.92 07/16/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 284.84 284.84 07/16/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 15,014.11 15,014.11 07/16/2025 Coupon 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 12.05 12.05 07/16/2025 Principal Paydown 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 7,238.47 7,238.47 07/17/2025 Coupon 61747YET8 1,000,000.00 MORGAN STANLEY 4.679 07/17/2026 23,395.00 23,395.00 07/17/2025 Effective Maturity 61747YET8 1,000,000.00 MORGAN STANLEY 4.679 07/17/2026 1,000,000.00 1,000,000.00 07/18/2025 Coupon 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 241.03 241.03 07/18/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 16,186.27 16,186.27 07/21/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 07/21/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 15,841.63 15,841.63 07/21/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 698.21 698.21 07/21/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 32,044.34 32,044.34 07/21/2025 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 07/22/2025 Coupon 3133EPW68 1,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.125 01/22/2026 28,875.00 28,875.00
07/25/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 97.14 97.14 07/25/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 11,574.85 11,574.85 07/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 07/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 35,286.16 35,286.16 07/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 07/25/2025 Coupon 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 2,771.63 2,771.63 07/25/2025 Principal Paydown 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 202,159.80 202,159.80 07/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 07/25/2025 Coupon 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,417.07 2,417.07 07/25/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,876.80 1,876.80 07/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 07/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 07/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 07/25/2025 Coupon 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,257.95 3,257.95 102
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Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/25/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,177.74 2,177.74 07/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 07/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 07/28/2025 Coupon 09290DAH4 750,000.00 BLACKROCK INC 4.6 07/26/2027 17,250.00 17,250.00 07/30/2025 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 50,000.00 50,000.00
07/31/2025 Coupon 91282CAB7 2,000,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,500.00 2,500.00 07/31/2025 Final Maturity 91282CAB7 2,000,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,000,000.00 2,000,000.00 07/31/2025 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 07/31/2025 Coupon 91282CGH8 1,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 26,250.00 26,250.00 07/31/2025 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 July 2025 Total 3,358,653.29 375,916.06 3,734,569.35
AUGUST 2025
08/11/2025 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 08/12/2025 Coupon 14913R2Z9 1,375,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.65 08/12/2025 25,093.75 25,093.75
08/12/2025 Final Maturity 14913R2Z9 1,375,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.65 08/12/2025 1,375,000.00 1,375,000.00
08/14/2025 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
08/14/2025 Coupon 532457CP1 1,250,000.00 ELI LILLY AND CO 4.15 08/14/2027 25,937.50 25,937.50 08/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 08/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00
08/15/2025 Coupon 26442UAA2 1,000,000.00 DUKE ENERGY PROGRESS LLC 3.25 08/15/2025 16,250.00 16,250.00 08/15/2025 Final Maturity 26442UAA2 1,000,000.00 DUKE ENERGY PROGRESS LLC 3.25 08/15/2025 1,000,000.00 1,000,000.00 08/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 08/15/2025 Coupon 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 51.18 51.18 08/15/2025 Principal Paydown 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 10,901.10 10,901.10 08/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 08/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 08/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 08/15/2025 Coupon 9128283W8 2,750,000.00 UNITED STATES TREASURY 2.75 02/15/2028 37,812.50 37,812.50 103
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Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2025 Coupon 9128284V9 2,500,000.00 UNITED STATES TREASURY 2.875 08/15/2028 35,937.50 35,937.50 08/18/2025 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 27,630.00 27,630.00 08/18/2025 Coupon 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 1.63 1.63 08/18/2025 Effective Maturity 362554AC1 52,460.15 GMCAR 2021-4 A3 0.68 09/16/2026 2,878.27 2,878.27 08/18/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 239.29 239.29 08/18/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 14,195.99 14,195.99 08/18/2025 Coupon 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 4.45 4.45 08/18/2025 Effective Maturity 380146AC4 57,869.50 GMCAR 2022-1 A3 1.26 11/16/2026 4,236.31 4,236.31 08/18/2025 Coupon 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 190.72 190.72 08/18/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 15,691.53 15,691.53 08/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,862.76 1,862.76 08/20/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 35,101.73 35,101.73 08/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 554.54 554.54 08/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 30,611.38 30,611.38 08/22/2025 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 08/25/2025 Coupon 037833BY5 1,000,000.00 APPLE INC 3.25 02/23/2026 16,250.00 16,250.00 08/25/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 66.18 66.18 08/25/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 11,208.92 11,208.92 08/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,003.56 4,003.56 08/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 83,882.57 83,882.57 08/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 08/25/2025 Coupon 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 2,214.34 2,214.34 08/25/2025 Principal Paydown 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 372,891.48 372,891.48 08/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 08/25/2025 Coupon 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,411.83 2,411.83 08/25/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,779.00 1,779.00 08/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 08/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 08/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 08/25/2025 Coupon 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,252.17 3,252.17 08/25/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,050.37 2,050.37 08/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 104
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Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 08/26/2025 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 August 2025 Total 2,960,428.65 383,598.06 3,344,026.70
SEPTEMBER 2025
09/02/2025 Coupon 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,250.00 1,250.00 09/02/2025 Final Maturity 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,000,000.00 1,000,000.00 09/02/2025 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 09/02/2025 Coupon 91282CFJ5 2,750,000.00 UNITED STATES TREASURY 3.125 08/31/2029 42,968.75 42,968.75 09/11/2025 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
09/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 09/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 09/15/2025 Coupon 437076CR1 1,000,000.00 HOME DEPOT INC 4.0 09/15/2025 20,000.00 20,000.00 09/15/2025 Final Maturity 437076CR1 1,000,000.00 HOME DEPOT INC 4.0 09/15/2025 1,000,000.00 1,000,000.00 09/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 09/15/2025 Coupon 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 30.10 30.10 09/15/2025 Principal Paydown 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 10,618.50 10,618.50 09/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 09/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 09/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 09/16/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 196.23 196.23 09/16/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 13,443.71 13,443.71 09/18/2025 Coupon 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 141.94 141.94 09/18/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 15,296.31 15,296.31 09/18/2025 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 09/22/2025 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
09/22/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,713.87 1,713.87 09/22/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 53,217.34 53,217.34 09/22/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 417.30 417.30 09/22/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 35,242.49 35,242.49 09/22/2025 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 105
| 49
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/25/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 36.19 36.19 09/25/2025 Principal Paydown 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 9,425.50 9,425.50 09/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 3,655.45 3,655.45 09/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 82,389.92 82,389.92 09/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 09/25/2025 Coupon 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 1,186.40 1,186.40 09/25/2025 Final Maturity 3137BM7C4 1,182,667.61 FHMS K-051 A2 3.308 09/25/2025 430,376.09 430,376.09 09/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 09/25/2025 Coupon 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,406.87 2,406.87 09/25/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,784.64 1,784.64 09/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 09/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 09/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 09/25/2025 Coupon 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,246.72 3,246.72 09/25/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,056.97 2,056.97 09/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 09/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 09/26/2025 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
09/30/2025 Coupon 9128285C0 3,250,000.00 UNITED STATES TREASURY 3.0 09/30/2025 48,750.00 48,750.00 09/30/2025 Final Maturity 9128285C0 3,250,000.00 UNITED STATES TREASURY 3.0 09/30/2025 3,250,000.00 3,250,000.00 09/30/2025 Coupon 9128286L9 2,500,000.00 UNITED STATES TREASURY 2.25 03/31/2026 28,125.00 28,125.00 09/30/2025 Coupon 91282CEF4 2,500,000.00 UNITED STATES TREASURY 2.5 03/31/2027 31,250.00 31,250.00 09/30/2025 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 September 2025
Total 5,903,851.48 523,316.64 6,427,168.13
OCTOBER 2025
10/01/2025 Coupon 64952WFJ7 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.9 10/01/2027 19,500.00 19,500.00
10/09/2025 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 10/10/2025 Coupon 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 16,875.00 16,875.00
106
| 50
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 10/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 10/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 10/15/2025 Principal Paydown 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 54,539.31 54,539.31 10/15/2025 Coupon 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 9.58 9.58 10/15/2025 Effective Maturity 47787JAC2 120,032.52 JDOT 2022 A3 0.36 09/15/2026 4,953.02 4,953.02 10/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 10/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 10/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 10/15/2025 Coupon 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 37,500.00 37,500.00 10/15/2025 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 10/16/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 155.45 155.45 10/16/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 12,920.21 12,920.21 10/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,488.14 1,488.14 10/20/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 52,088.57 52,088.57 10/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 259.30 259.30 10/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 32,978.12 32,978.12 10/20/2025 Coupon 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 94.40 94.40 10/20/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 14,745.27 14,745.27 10/27/2025 Coupon 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 10.98 10.98 10/27/2025 Effective Maturity 05602RAD3 114,713.83 BMWOT 2022-A A3 3.21 08/25/2026 4,104.86 4,104.86 10/27/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 3,313.53 3,313.53 10/27/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 82,897.57 82,897.57 10/27/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 10/27/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 10/27/2025 Coupon 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,401.89 2,401.89 10/27/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,893.44 1,893.44 10/27/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 10/27/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 10/27/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 10/27/2025 Coupon 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,241.26 3,241.26 10/27/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,197.25 2,197.25 107
| 51
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/27/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 10/27/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 10/31/2025 Coupon 9128285J5 2,500,000.00 UNITED STATES TREASURY 3.0 10/31/2025 37,500.00 37,500.00 10/31/2025 Final Maturity 9128285J5 2,500,000.00 UNITED STATES TREASURY 3.0 10/31/2025 2,500,000.00 2,500,000.00 October 2025
Total 2,763,317.61 217,771.18 2,981,088.79
NOVEMBER 2025
11/03/2025 Coupon 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 16,750.00 16,750.00 11/03/2025 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
11/10/2025 Coupon 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 23,750.00 23,750.00
11/10/2025 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 11/10/2025 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 13,068.75 13,068.75 11/17/2025 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
11/17/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 11/17/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 11/17/2025 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
11/17/2025 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 11/17/2025 Coupon 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 116.26 116.26 11/17/2025 Principal Paydown 36265WAD5 190,572.35 GMCAR 2022-3 A3 3.64 04/16/2027 12,621.75 12,621.75 11/17/2025 Coupon 437918AC9 1,250,000.00
HAROT 2024-1 A3 5.21 08/15/2028 5,190.29 5,190.29
11/17/2025 Principal Paydown 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 71,576.84 71,576.84 11/17/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 11/17/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 11/17/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 11/17/2025 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 11/17/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/17/2025 Coupon 912828M56 2,500,000.00 UNITED STATES TREASURY 2.25 11/15/2025 28,125.00 28,125.00 11/17/2025 Final Maturity 912828M56 2,500,000.00 UNITED STATES TREASURY 2.25 11/15/2025 2,500,000.00 2,500,000.00 11/17/2025 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 108
| 52
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/18/2025 Coupon 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 48.56 48.56 11/18/2025 Principal Paydown 43815PAC3 189,478.49 HAROT 2022-2 A3 3.73 07/20/2026 14,353.42 14,353.42 11/20/2025 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
11/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,267.20 1,267.20 11/20/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 48,533.23 48,533.23 11/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 111.45 111.45 11/20/2025 Effective Maturity 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 24,858.10 24,858.10 11/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 2,969.51 2,969.51 11/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 86,266.94 86,266.94 11/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 11/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 11/25/2025 Coupon 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 2,396.61 2,396.61 11/25/2025 Principal Paydown 3137BTUM1 877,525.65 FHMS K-061 A2 3.347 11/25/2026 1,796.34 1,796.34 11/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 11/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 11/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 11/25/2025 Coupon 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 3,235.42 3,235.42 11/25/2025 Principal Paydown 3137FBU79 1,239,373.29 FHMS K-069 A2 3.187 09/25/2027 2,070.71 2,070.71 11/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 11/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 November 2025
Total 2,762,077.32 353,679.87 3,115,757.19
Grand Total 506,150,805.34 39,855,076.96 4,194,091.81 44,049,168.77 109
| 53
Murrieta Consolidated | Account | As of December 31, 2024 Execution Time: 01/03/2025 06:55:54 PM

IMPORTANT DISCLOSURES
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 high rating by S&P , Moody’s and Fitch respectively. 110
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
January 15, 2025
LAIF Home
PMIA Average Monthly
Yields

CITY OF MURRIETA

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

0.00 Beginning Balance: 1,955,146.22
Account Number:

December 2024 Statement
Account Summary
Total Deposit:

Total Withdrawal:

0.00 Ending Balance: 1,955,146.22
1/15/25, 8:42 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1111

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 12/01/2024 THROUGH 12/31/2024

FUNDS HELD ON COMPANY'S BEHALF IN THE OMNIBUS DEPOSIT ACCOUNT AT BANK ARE

DEPOSITS AND ARE ELIGIBLE FOR FDIC INSURANCE IN ACCORDANCE WITH FDIC RULES AND LIMITS. COMPANY'S MMMF SHARES HELD IN THE OMNIBUS INVESTMENT ACCOUNT IN

BANK'S NAME AT THE CUSTODIAN OF THE MMMF ARE NOT DEPOSITS AND ARE NOT ELIGIBLE FOR FDIC INSURANCE. COMPANY IS THE OWNER OF ITS MMMF SHARES.

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
12-01-2024 Beginning Balance 106,683,126.88
12-02-2024 Sweep Funds Return To DDA 630,258.99
12-03-2024 Next Day Sweep Purchase 108,233.29
12-04-2024 Sweep Funds Return To DDA 711,847.03
12-05-2024 Sweep Funds Return To DDA 708,729.76
12-06-2024 Next Day Sweep Purchase 398,054.88
12-09-2024 Sweep Funds Return To DDA 137,605.20
12-10-2024 Sweep Funds Return To DDA 198,829.26
12-11-2024 Sweep Funds Return To DDA 2,355,896.58
12-12-2024 Next Day Sweep Purchase 7,921,983.01
12-13-2024 Sweep Funds Return To DDA 70,672.55
12-16-2024 Sweep Funds Return To DDA 763,291.86
12-17-2024 Sweep Funds Return To DDA 718,335.42
12-18-2024 Sweep Funds Return To DDA 826,758.64
12-19-2024 Next Day Sweep Purchase 1,347,094.15
12-20-2024 Sweep Funds Return To DDA 163,697.78
12-23-2024 Next Day Sweep Purchase 60,933.10
12-24-2024 Sweep Funds Return To DDA 3,322,034.66
12-26-2024 Next Day Sweep Purchase 4,739,837.81
12-27-2024 Sweep Funds Return To DDA 780.26
12-30-2024 Sweep Funds Return To DDA 575,026.98
12-31-2024 Next Day Sweep Purchase 37,045.22
12-31-2024 Ending Balance 110,112,543.37
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 12-01* 106,052,867.89 4.573 % .000125304 13,288.85
12-02 106,052,867.89 4.570 % .000125206 13,278.46
12-03 106,161,101.18 4.567 % .000125141 13,285.11

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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 5,683,945.52
Federal Withholding YTD .00
7-Day Simple Yield 4.41865 %
Federal Withholding .00
Beginning Balance 106,683,126.88
Shares Purchased 14,613,181.46 +
Shares Redeemed 11,183,764.97 -
Ending Balance 110,112,543.37
Prior Month Dividends Paid to Checking 407,608.44
Dividends Earned in Current Month 410,722.84
Funds Pending Investment 243,982.47
112

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 12-04 105,449,254.15 4.560 % .000124940 13,174.83
12-05 104,740,524.39 4.541 % .000124431 13,032.97
12-06 105,138,579.27 4.544 % .000124501 13,089.86
12-07* 105,000,974.07 4.544 % .000124501 13,072.73
12-08* 105,000,974.07 4.544 % .000124501 13,072.73
12-09 105,000,974.07 4.553 % .000124758 13,099.71
12-10 104,802,144.81 4.556 % .000124847 13,084.23
12-11 102,446,248.23 4.552 % .000124725 12,777.61
12-12 110,368,231.24 4.542 % .000124449 13,735.22
12-13 110,297,558.69 4.538 % .000124337 13,714.07
12-14* 109,534,266.83 4.538 % .000124337 13,619.16
12-15* 109,534,266.83 4.538 % .000124337 13,619.16
12-16 109,534,266.83 4.549 % .000124635 13,651.80
12-17 108,815,931.41 4.544 % .000124504 13,548.02
12-18 107,989,172.77 4.525 % .000123997 13,390.33
12-19 109,336,266.92 4.406 % .000120720 13,199.07
12-20 109,172,569.14 4.369 % .000119705 13,068.50
12-21* 109,172,569.14 4.369 % .000119705 13,068.50
12-22* 109,172,569.14 4.369 % .000119705 13,068.50
12-23 109,233,502.24 4.368 % .000119675 13,072.52
12-24 105,911,467.58 4.390 % .000120290 12,740.09
12-25* 105,911,467.58 4.390 % .000120290 12,740.09
12-26 110,651,305.39 4.421 % .000121124 13,402.53
12-27 110,650,525.13 4.442 % .000121704 13,466.61
12-28* 110,075,498.15 4.442 % .000121704 13,396.63
12-29* 110,075,498.15 4.442 % .000121704 13,396.63
12-30 110,075,498.15 4.403 % .000120641 13,279.62
12-31 110,112,543.37 4.404 % .000120683 13,288.71
TOTAL MTD 410,722.85
* 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.
12/01/2024 - 12/31/2024

Page 2 of 2 ends

Account Number - DDA
113

CITY OF MURRIETA
City Council Meeting Agenda
Report
2/18/2025
Agenda Item No. 4.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Financial Analyst
SUBJECT:

Treasurer’s Report - Quarter 2 of Fiscal Year 2024/25

RECOMMENDATION
Receive the Fiscal Year 2024/25 Treasurer’s Reports for Quarter 2 (October - December 2024).

PRIOR ACTION/VOTE
On August 20, 2024, the City Council received the Treasurer’s Report for Quarter 4 of Fiscal Year 2023/24 (Vote: 5-0).

On November 19, 2024, the City Council received the Treasurer’s Report for Quarter 1 of Fiscal Year 2024/25 (Vote: 5-0).

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 October 1, 2024, through December 31, 2024 (Quarter 2).

Total Portfolio Composition
The portfolio comprises available cash balances from over 100 separate funds. The balances are tracked in the City’sfinancial records individually but combined for the purpose of investing 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, which is the maximum maturity limit allowed by the Government Code and the City’sInvestment Policy. 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’sshort-term CITY OF MURRIETA Printed on 2/13/2025Page 1 of 5
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Agenda Item No. 4.
pool operated by the State of California and used by most cities in California to manage the City’sshort-term cash flow requirements. Wells Fargo’s“CashSweep Program”is the City’sthird 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. dollar-denominated money market instruments that consist of U.S. Government obligations and repurchase agreements collateralized by U.S. Government obligations. This investment tool complies with our Investment Policy and the California Government Code Section 53607.

Investment Portfolio Performance
As of December 31, 2024, the City’stotal market value (including accrued interest) of operating funds and liquidity investments totaled $150,144,486.08. The book value, or what the City actually paid for the investments, totaled $148,126,527.34. The fair market value of the City’s portfolio, less accrued interest, totaled $149,082,097.03. 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 gain for this reporting period is $955,569.69. 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’sinvestments are typically 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’srisk preferences. The portfolio’stotal market value (including accrued interest) increased by $172,057.82 from the previous quarter’send. Moreover, the current interest rate environment has continued to support greater investment income from the higher reinvestment rate for bonds maturing in the portfolio.

As of December 31, 2024, the yield to maturity on the portfolio increased to 4.07% from 3.98% on September 30, 2024, due to the proceeds from maturing securities being reinvested at higher interest rates. During the second quarter of Fiscal Year 2024/25, after US Treasury yields fell in late November, yields reversed course sharply in December on positive economic data and the “hawkish”Fed rate cut of 25 basis points, normalizing the yield curve. A “hawkish”interest-rate cut signals a more restrictive monetary policy, wanting to keep inflation in check by not reducing interest rates too significantly or quickly. The 2-year US Treasury Note yield increased to 4.24% from 3.64%, while the 5-year Treasury increased to 4.38% from 3.56% over the reporting period. Recent economic data suggests continued growth fueled by a resilient consumer. Inflationary trends have subsided, but some components remain sticky, and core Personal Consumption Expenditures (PCE) levels remain above the Federal Reserve’s(Fed) 2% inflation target. The Federal Open Market Committee (FOMC) reduced the Fed Funds Rate by a further 25 basis points to the range of 4.25-4.50% at the December meeting. The December Summary of Economic Projections (SEP) showed a notable increase in the forecast for central tendency of inflation, which increased the FOMC’sprojected policy path across all tenors. 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 $1.9 trillion. The portfolio’smarket value benefited from the sector diversification and remains stable due to the high-quality assets contained within the portfolio.

Portfolio Duration
The investment portfolio had an average duration of 1.62 years as of December 31, 2024. The portfolio duration remains within an acceptable range. The City continues to implement a disciplined, conservative approach to its portfolio in this time of financial market volatility.

Asset Allocation
The investment portfolio is allocated in compliance with California Government Code 53601. The sector allocation of the portfolio on December 31, 2024, was 18.58% in US Government Agency bonds, 23.72% in high-grade Corporate Bonds, 36.31% in U.S. Treasury bonds, 5.77% in Asset-Backed Securities (ABS), 0.33% CITY OF MURRIETA Printed on 2/13/2025Page 2 of 5
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Agenda Item No. 4.
high-grade Corporate Bonds, 36.31% in U.S. Treasury bonds, 5.77% in Asset-Backed Securities (ABS), 0.33% in Supranational, 7.17% in Agency Collateralized Mortgage-Backed Securities, 3.13% in Commercial Paper, and 4.99% in Cash and Money Market Funds. 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 December 31, 2024, approximately 32.83% of the portfolio matured in less than one year, 32.89% matured from 1-2 years, 21.38% from 2-3 years, 9.86% from 3-4 years, and 3.13% 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’ssavings account, which allows for the regular investment of short- term cash balances. LAIF complements our investment program by maximizing the earnings on liquid balances not needed for immediate disbursement. It also allows the City’sinvestment manager to focus on maximizing the return on its longer-term investments.

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Agenda Item No. 4.

The balance in LAIF was $1,955,146.22 as of December 31, 2024. The annual yield on the LAIF portfolio was

4.434%, an increase of 0.505% from the 3.929% earned at the end of December 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’soverall level of liquidity and weighted average maturity. The securities purchased have been determined to present minimal credit risk. For the quarter ending December 31, 2024, the total earnings from the Cash Sweep Program were $1,263,904.12 and had an Average Daily Yield of 4.642%.

The graph below compares the investment yields for the Investment Portfolio, LAIF, and the Cash Sweep Program from December 31, 2023, to December 31, 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 hereby certifies that sufficient investment liquidity and anticipated revenues are available to meet the City’s budgeted expenditure requirements for the subsequent six months, January through June 2025. 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.

ATTACHMENTS

1. City of Murrieta Investment Report December 31, 2024 CITY OF MURRIETA Printed on 2/13/2025Page 4 of 5
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Agenda Item No. 4.

2. LAIF Regular Quarterly Statement December 31, 2024

3. Wells Fargo Sweep Account Statements for October, November, and December 2024

4. Portfolio Composition Chart as of December 31, 2024
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INVESTMENT REPORT
City of Murrieta | As of December 31, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. 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. 119

TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
1 120

ECONOMIC UPDATE
2 121
▪
▪
▪
Recent economic data suggests continued growth fueled by a resilient consumer. Inflationary trends have subsided, but some components remain sticky, and core levels remain above the Fed’s target. The labor market reflects improved balance between supply and demand for workers. While job creation has been robust, continuing jobless claims remain elevated. Given the economic outlook, we expect gradual normalization of monetary policy and a steepening yield curve.

As broadly anticipated, the Federal Open Market Committee (FOMC) reduced the Fed Funds Rate by 25 basis points to the range of 4.25-

4.50% at the December meeting. Although the cut was widely anticipated, market participants viewed the trajectory of rates in the SEP as ‘hawkish.’ Chair Jerome Powell reiterated previous statements indicating the economy is in a good place and that monetary policy is well positioned. The Fed released the quarterly Summary of Economic Projections (SEP), which now forecasts a higher central tendency of core inflation and a higher longer run Fed Funds forecast. In the Chandler team’s view, the updated SEP reflects the continued resiliency of the US economy and the corresponding risk of inflation taking longer to reach the FOMC’s two percent objective in 2025.

US Treasury yields shifted higher in December and the curve steepened. The 2-year Treasury yield increased 9 basis points to 4.24%, the 5- year Treasury rose 33 basis points to 4.38%, and the 10-year Treasury yield surged 40 basis points to 4.57%. The spread between the 2-year and 10-year Treasury yield points on the curve increased to +33 basis points at December month-end versus +2 basis points at November month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -37 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve increased to +25 basis points in December from -32 basis points in November.

ECONOMIC UPDATE
3 122
-400
-200
0 200
400
600
800
1,000MOM 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 256,000 jobs in December, far exceeding consensus expectations. Gains were led by health care, retail, and leisure sectors, while manufacturing shed jobs. The three-month moving average and six-month moving average payrolls totaled 170,000 and 165,000 respectively. The unemployment rate declined to 4.1% in December, and the labor participation rate was unchanged at

62.5%, 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 fell to 7.5%. Average hourly earnings moderated to an increase of 3.9% year-over-year in December.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
4 123
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) rose to 8.098 million new job openings in November, which represented an increase from the upwardly revised 7.839 million job openings in October. Job openings indicate a ratio of 1.1 jobs for each unemployed individual, representing a relatively balanced labor market.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 124

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 November, the Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year, rising from 2.6% in October as expected. The Core CPI, which excludes volatile food and energy components, rose 0.3% month-over-month and 3.3% year-over-year, also meeting consensus forecasts. The Personal Consumption Expenditures (PCE) Index rose 0.1% from the previous month and 2.4% year-over- year in November versus a 2.3% increase in October. The Core PCE deflator (the Fed’s preferred gauge) increased 0.1% month-over- month, below recent small month-over-month rises and 2.8% over the past year. Core prices are exhibiting what Fed Chair Powell describes as “sideways” movement. Although inflation has moderated, price increases remain above the Fed’s 2% target.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
6 125
-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 grew marginally above expectations at 0.7% in November versus 0.5% in October driven by strong motor vehicle sales. On a year-over-year basis, Retail Sales grew 3.8% in November versus 2.9% in October. Retail Sales Control Group, which are used to calculate gross domestic product, was also solid at 0.4% for the month. The Conference Board’s Consumer Confidence Index declined to 104.7 in December from an upwardly revised 112.8 in November. Consumers' assessment about future business conditions and outcomes were substantially less optimistic and there was increased pessimism about future employment prospects. While the consumer has been resilient, low savings rates, growing credit card debt, higher delinquencies, and a moderating labor market pose potential risks to future spending.
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)

CONSUMER
7 126
-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) increased 0.3% in November reversing its -0.4% decline in October due to a rebound in building permits, continued support from equities, improvement in average hours worked in manufacturing, and fewer initial unemployment claims. The LEI decreased year-over-yearby -3.5%. According to the Conference Board, the rise in LEI is a positive sign for future activity in the US and is consistent with an expectation for moderate growthat the end of 2024 and into early 2025. The Chicago Fed National Activity Index (CFNAI) improvedto -0.12 in November from -0.50in October. The three-month moving average fell to -0.31 in November from -0.27 in October, indicating below-trend growth expectations for the economy.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
8 127
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts in November declined 1.8% to 1.29 million units from 1.31 million units in October. Total starts are down 14.6% compared to November2023. Starts remain soft as mortgage rates remain relatively high. The supply of existing homes is becoming more abundant after the period of scarcity as homeowners held onto their low mortgage rates. The Freddie Mac average rate for a 30-year fixed rate mortgage increased to 6.9% from 6.8% in December. According to the Case-Shiller 20-City Home Price Index, housing prices rose 4.2% year-over-year in October, decelerating from 4.6% reported in the previous month. With more inventory entering the market the trend is gradually improving, however 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

HOUSING
9 128
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 rose more than forecast to 49.3 in December from 48.4 in November.

While the index has posted contractionary readings for the past nine months, New Orders and Prices indices continued in expansion territory and the Production Index returned to expansion this month. The Backlog of Orders Index and Employment Index remained in contraction. The ISM Services Index roseto 54.1 in December from 52.1in November while marking the sixth straight month of expansion.

Robust business activity ahead of the new year and mitigating risks of potential tariffs were the key drivers. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.

Source: Institute for Supply Management

SURVEY BASED MEASURES
10 129
Components of GDP 12/23 3/24 6/24 9/24

2.3% 1.3% 1.9% 2.5%

0.2% 0.6% 1.5% 0.2%

0.1% -0.6% -0.9% -0.4%

0.0% 0.0% 0.3% 0.6%

0.6% 0.3% 0.3% 0.3%

3.2% 1.6% 3.0% 3.1%
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 According to the third estimate, third quarter GDP increased at an annualized rate of 3.1% compared to 2.8% from the second estimate.

Growth continues to be powered by personal consumption expenditures. Government consumption expenditures and nonresidential fixed investment also had positive contributions, with negative offsets by net exports, residential investment, and change in private inventories. The consensus projection calls for 2.4% growth in the fourth quarter and 2.7% growth for the full year 2024.

GROSS DOMESTIC PRODUCT (GDP)
11 130
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 broadly anticipated, the Federal Open Market Committee (FOMC) reduced the Fed Funds Rate by 25 basis points to the range of 4.25-

4.50% at the December meeting. There was one dissenting vote by Cleveland Fed President Beth Hammack who would have preferred no change in rates. Although a reduction in rates was widely anticipated, market participants viewed the trajectory of rates in the SEP as ‘hawkish.’ Chair Jerome Powell reiterated previous statements that monetary policy is “well positioned”and the outlook remains roughly balanced between the dual mandate of maximum employment and price stability. Economic activity is expanding at a solid pace, labor market conditions have “generally eased”,and the unemployment rate “remains low.”The Fed released the quarterly Summary of Economic Projections (SEP) which now forecasts a higher, longer run median Fed Funds rate expectation among Fed Governors at 2.8 –

3.6%. 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 $1.9T to approximately $7.0T.

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)

FEDERAL RESERVE
12 131
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
Dec-24
Sep-24
Dec-23
Yield (%)
At the end of December, the 2-year Treasury yield was 1 basis point lower, and the 10-Year Treasury yield was 69 basis points higher, year-over-year. The spread between the 2-year and 10-year Treasury yield points on the curve increased to +33 basis points at December month-end versus+2 basis points at November month-end. The yield curve inversion which began in July 2022 was historically long. The average historical spread (since 2004) is about +99 basis points. The 3-month and 10-year Treasury yield curve normalized to +25 basis points in December from -32 basis points in November.

BOND YIELDS
13 132

ACCOUNT PROFILE
14 133

OBJECTIVES
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 is to achieve a rate of return over a market cycle that equals or exceeds the return on a market index of similar 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.
15 134

PORTFOLIO CHARACTERISTICS
City of Murrieta | Account | As of December 31, 2024
Benchmark* 12/31/2024
Portfolio
9/30/2024
Portfolio
Average Maturity (yrs) 1.84 1.99 2.02
Average Modified Duration 1.75 1.75 1.78
Average Purchase Yield 4.02% 3.88%
Average Market Yield 4.25% 4.41% 4.02%
Average Quality** AA+ AA AA
Total Market Value 138,339,792 138,304,203
*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. 16 135

SECTOR DISTRIBUTION
City of Murrieta | Account | As of December 31, 2024
Sector as a Percentage of Market Value
Sector 12/31/2024 09/30/2024
US Treasury 39.44% 37.63%
Corporate 25.76% 25.96%
Agency 20.18% 21.43%
Agency CMBS 7.79% 7.89%
ABS 6.26% 6.62%
Supras 0.35% 0.36%
Money Mkt Fd 0.22% 0.83%
Cash 0.00% -0.72%
17 136

ISSUERS
City of Murrieta | Account | As of December 31, 2024
Issuer Investment Type % Portfolio
Government of The United States US Treasury 39.44%
Federal Home Loan Banks Agency 10.85%
Farm Credit System Agency 9.33%
FHLMC Agency CMBS 7.79%
Royal Bank of Canada Corporate 1.64%
Caterpillar Inc. Corporate 1.34%
The Home Depot, Inc. Corporate 1.27%
JPMorgan Chase & Co. Corporate 1.16%
State Street Corporation Corporate 1.13%
American Express Credit Master Trust ABS 1.13%
Cisco Systems, Inc. Corporate 1.10%
Honda Auto Receivables Owner Trust ABS 1.09%
NextEra Energy, Inc. Corporate 1.08%
PACCAR Inc Corporate 1.07%
Air Products and Chemicals, Inc. Corporate 1.03%
Amazon.com, Inc. Corporate 1.01%
Chase Issuance Trust ABS 0.97%
Eli Lilly and Company Corporate 0.91%
UnitedHealth Group Incorporated Corporate 0.87%
National Rural Utilities Cooperative Corporate 0.80%
BMW Vehicle Lease Trust ABS 0.76%
Bank of America Corporation Corporate 0.74%
Met Tower Global Funding Corporate 0.74%
Deere & Company Corporate 0.73%
Toyota Motor Corporation Corporate 0.73%
Morgan Stanley Corporate 0.73%
The Toronto-Dominion Bank Corporate 0.73%
Duke Energy Corporation Corporate 0.72%
Apple Inc. Corporate 0.72%
Honeywell International Inc. Corporate 0.72%
18 137

ISSUERS
City of Murrieta | Account | As of December 31, 2024
Issuer Investment Type % Portfolio
Northern Trust Corporation Corporate 0.72%
Chubb Limited Corporate 0.72%
New York Life Insurance Company Corporate 0.72%
BNY Mellon Corp Corporate 0.65%
BlackRock, Inc. Corporate 0.55%
Massachusetts Mutual Life Insurance Corporate 0.55%
GM Financial Automobile Leasing Trus ABS 0.54%
Public Service Enterprise Group Inco Corporate 0.53%
BMW Vehicle Owner Trust ABS 0.53%
Mercedes-Benz Auto Lease Trust 2024- ABS 0.40%
PepsiCo, Inc. Corporate 0.38%
John Deere Owner Trust ABS 0.37%
International Bank for Recon and Dev Supras 0.35%
Mercedes-Benz Auto Lease Trust ABS 0.26%
GM Financial Securitized Term ABS 0.22%
U.S. Bancorp Money Mkt Fd 0.22%
Cash Cash 0.00%
TOTAL 100.00%
19 138

QUALITY DISTRIBUTION
Rating 12/31/2024 09/30/2024
AAA 6.9% 7.0%
AA 73.1% 71.5%
A 19.3% 20.6%
NR 0.8% 0.9%
Rating 12/31/2024 09/30/2024
AAA 72.4% 72.1%
AA 7.3% 5.6%
A 17.1% 19.0%
NR 3.2% 3.3%
Rating 12/31/2024 09/30/2024
AAA 11.8% 11.7%
AA 69.2% 68.7%
A 8.6% 8.7%
NR 10.3% 10.9%
City of Murrieta | Account | As of December 31, 2024
S&P Rating Moody’s Rating Fitch Rating
20 139

DURATION DISTRIBUTION
City of Murrieta | Account | As of December 31, 2024
Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
12/31/2024 5.6% 7.1% 14.4% 35.7% 23.2% 10.7% 3.4% 0.0% 0.0% 09/30/2024 4.5% 7.0% 15.2% 32.6% 28.7% 12.0% 0.0% 0.0% 0.0% 21 140
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
City of Murrieta 0.03% 4.44% 4.64% 1.96% 1.65%
Benchmark (0.06%) 4.08% 4.16% 1.49% 1.31%
*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 December 31, 2024
Total Rate of Return : Inception | 02/01/2020
-1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%
3 months 12 months 2 years 3 years 5 years 10 years Since Inception City of Murrieta Benchmark
22 141

PORTFOLIO CHARACTERISTICS
Murrieta Liquidity | Account | As of December 31, 2024
Benchmark* 12/31/2024
Portfolio
9/30/2024
Portfolio
Average Maturity (yrs) 0.16 0.05 0.18
Average Modified Duration 0.15 0.05 0.14
Average Purchase Yield 4.75% 5.25%
Average Market Yield 4.26% 4.47% 4.87%
Average Quality** AA+ AAA AAA
Total Market Value 11,804,694 11,668,225
*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. 23 142

SECTOR DISTRIBUTION
Murrieta Liquidity | Account | As of December 31, 2024
Sector as a Percentage of Market Value
Sector 12/31/2024 09/30/2024
Money Mkt Fd 60.20% 19.80%
Comm Paper 39.57% 39.57%
Cash 0.23% 0.07%
US Treasury -- 40.57%
24 143

ISSUERS
Murrieta Liquidity | Account | As of December 31, 2024
Issuer Investment Type % Portfolio
U.S. Bancorp Money Mkt Fd 60.20%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 22.69%
Toyota Motor Corporation Comm Paper 16.88%
Cash Cash 0.23%
TOTAL 100.00%
25 144
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 100.0% 0.0% 0.0% 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 December 31, 2024
Portfolio Compared to the Benchmark
26 145
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
Murrieta Liquidity 1.17% 5.40% 5.50%
Benchmark 1.17% 5.25% 5.29%
*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 December 31, 2024
Total Rate of Return : Inception | 11/01/2023

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
3 months 12 months Since Inception
Murrieta Liquidity Benchmark
27 146

CONSOLIDATED INFORMATION
28 147

PORTFOLIO CHARACTERISTICS
Murrieta Consolidated | Account | As of December 31, 2024 12/31/2024
Portfolio
9/30/2024
Portfolio
Average Maturity (yrs) 1.84 1.87
Average Modified Duration 1.62 1.65
Average Purchase Yield 4.07% 3.98%
Average Market Yield 4.42% 4.09%
Average Quality** AA+ AA+
Total Market Value 150,144,486 149,972,428
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 29 148

SECTOR DISTRIBUTION
Murrieta Consolidated | Account | As of December 31, 2024 Sector as a Percentage of Market Value
Sector 12/31/2024 09/30/2024
US Treasury 36.31% 37.86%
Corporate 23.72% 23.93%
Agency 18.58% 19.75%
Agency CMBS 7.17% 7.28%
ABS 5.77% 6.10%
Money Mkt Fd 4.97% 2.31%
Comm Paper 3.13% 3.10%
Supras 0.33% 0.33%
Cash 0.02% -0.66%
30 149

PORTFOLIO HOLDINGS
31 150

HOLDINGS REPORT
City of Murrieta | Account | As of December 31, 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
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 39,815.69 02/07/2023

5.16%
39,814.75
39,814.75
100.07

4.67%
39,843.63

34.24 0.03%

28.88 Aaa/AAA
NA

0.90 0.13
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 51,767.94 11/16/2021

0.89%
51,757.03
51,757.03

99.22 4.64%
51,365.28

12.65 0.04%
(391.75)
Aaa/NA
AAA

1.06 0.21
47789QAC4 JDOT 2021-B A3 0.52 03/16/2026 52,593.70 07/13/2021

0.52%
52,589.01
52,589.01

99.50 4.47%
52,331.73

12.16 0.04%
(257.28)
Aaa/NA
AAA

1.21 0.13
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026 189,478.49 08/15/2022

3.73%
189,467.20
189,467.20

99.66 4.59%
188,837.11
255.22

0.14%
(630.09)
NA/AAA
AAA

1.55 0.41
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 114,713.83 05/10/2022

3.21%
114,707.86
114,707.86

99.55 4.54%
114,192.05

61.37 0.08%
(515.81)
Aaa/AAA
NA

1.65 0.35
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 120,032.52 03/10/2022

2.33%
120,005.97
120,005.97

99.17 4.82%
119,032.84
123.77

0.09%
(973.13)
Aaa/NA
AAA

1.71 0.33
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 52,460.15 10/13/2021

0.68%
52,458.82
52,458.82

99.07 4.44%
51,971.88

14.86 0.04%
(486.94)
Aaa/AAA
NA

1.71 0.25
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 57,869.50 01/11/2022

1.26%
57,864.47
57,864.47

99.09 4.61%
57,345.62

30.38 0.04%
(518.85)
NA/AAA
AAA

1.88 0.27
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026 280,000.00 08/08/2023

5.38%
279,966.43
279,966.43
100.52

4.61%
281,466.47
460.29

0.21%
1,500.04
NA/AAA
AAA

1.89 0.63
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 455,000.00 02/08/2024

5.09%
454,943.13
454,943.13
100.61

4.58%
457,770.68
707.65

0.33%
2,827.55
NA/AAA
AAA

2.22 1.08
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 1,000,000.00 06/20/2024

5.19%
994,687.50
994,687.50
100.53

4.56%
1,005,334.10
830.00

0.73%
10,646.60
Aaa/AAA
NA

2.23 1.14
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027 190,572.35 07/06/2022

3.64%
190,571.04
190,571.04

99.61 4.59%
189,822.19
289.03

0.14%
(748.85)
Aaa/NA
AAA

2.29 0.43
02582JJT8 AMXCA 2022-2 A 3.39 05/17/2027 905,000.00 05/17/2022

3.40%
904,799.81
904,799.81

99.56 4.65%
900,979.09
1,363.53

0.66%
(3,820.73)
NA/AAA
AAA

0.37 0.36
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 350,000.00 05/17/2024

5.32%
349,959.05
349,959.05
101.19

4.64%
354,159.79
827.56

0.26%
4,200.74
Aaa/NA
AAA

3.05 1.60
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 545,000.00 09/17/2024

4.24%
544,908.28
544,908.28

99.55 4.55%
542,529.08
1,024.60

0.40%
(2,379.20)
NA/AAA
AAA

3.13 1.62
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 1,250,000.00 02/13/2024

5.21%
1,249,945.63
1,249,945.63
101.04

4.55%
1,262,960.00
2,894.44

0.92%
13,014.37
Aaa/AAA
NA

3.62 1.44
32 151

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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
101.06

4.56%
1,333,990.68
3,027.20

0.97%
14,356.58
NR/AAA
AAA

3.71 1.59
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 335,000.00 03/11/2024

4.96%
334,981.24
334,981.24
100.77

4.57%
337,578.70
738.49

0.25%
2,597.46
Aaa/NA
AAA

3.88 1.73
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 600,000.00 06/04/2024

5.24%
599,908.86
599,908.86
101.18

4.48%
607,079.04
518.00

0.44%
7,170.18
Aaa/AAA
NA

4.16 1.55
02582JKH2 AMXCA 2024-1 A 5.23 04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
101.53

4.57%
649,784.26
1,487.64

0.47%
9,915.46
NA/AAA
AAA

4.29 2.11
Total ABS 8,549,304.17 4.71%
8,542,838.97
8,542,838.97
100.58

4.57%
8,598,374.19
14,713.09

6.26%
55,535.22
Aaa/AAA
AAA

2.85 1.25
AGENCY
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

99.96 4.34%
754,728.82
4,128.91

0.55%
1,427.57
Aaa/AA+
AA+

0.02 0.01
3133ENPG9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.75 02/14/2025 1,200,000.00 02/25/2022

1.82%
1,197,456.00
1,197,456.00

99.67 4.54%
1,196,078.63
7,991.67

0.87%
(1,377.37)
Aaa/AA+
AA+

0.12 0.12
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

99.77 4.35%
1,396,714.17
25,506.25

1.02%
3,854.17
Aaa/AA+
AA+

1.06 1.00
3133ERDZ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/08/2026 1,000,000.00 05/20/2024

4.87%
997,690.00
997,690.00
100.68

4.22%
1,006,802.38
6,993.06

0.73%
9,112.38
Aaa/AA+
AA+

1.35 1.29
3130AWLZ1 FEDERAL HOME LOAN BANKS 4.75
06/12/2026 2,000,000.00 08/16/2023

4.78%
1,998,620.00
1,998,620.00
100.63

4.29%
2,012,699.26
5,013.89

1.47%
14,079.26
Aaa/AA+
AA+

1.45 1.38
3133EPZY4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 5.0 07/30/2026 2,000,000.00 11/09/2023

4.85%
2,007,480.00
2,007,480.00
101.09

4.27%
2,021,884.00
41,944.44

1.47%
14,404.00
Aaa/AA+
AA+

1.58 1.47
3133EPSW6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 08/14/2026 2,405,000.00 08/09/2023

4.58%
2,399,468.50
2,399,468.50
100.39

4.24%
2,414,431.66
41,185.63

1.76%
14,963.16
Aaa/AA+
AA+

1.62 1.52
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 4,500,000.00 --

4.81%
4,476,030.00
4,476,030.00
100.57

4.27%
4,525,858.22
63,593.75

3.30%
49,828.22
Aaa/AA+
AA+

1.70 1.59
3130AXU63 FEDERAL HOME LOAN BANKS

4.625 11/17/2026 1,750,000.00 11/30/2023

4.53%
1,754,427.50
1,754,427.50
100.64

4.26%
1,761,225.34
9,892.36

1.28%
6,797.84
Aaa/AA+
AA+

1.88 1.77
3130AYPN0 FEDERAL HOME LOAN BANKS

4.125 01/15/2027 2,000,000.00 01/30/2024

4.21%
1,995,560.00
1,995,560.00

99.86 4.20%
1,997,125.72
38,041.67

1.45%
1,565.72
Aaa/AA+
AA+

2.04 1.90
33 152

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3133EP6K6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/26/2027 1,000,000.00 04/08/2024

4.66%
995,520.00
995,520.00
100.50

4.26%
1,005,028.32
11,875.00

0.73%
9,508.32
Aaa/AA+
AA+

2.23 2.08
3130B0TY5 FEDERAL HOME LOAN BANKS 4.75
04/09/2027 1,500,000.00 04/10/2024

4.84%
1,496,115.00
1,496,115.00
101.40

4.09%
1,521,019.58
16,229.17

1.11%
24,904.58
Aaa/AA+
AA+

2.27 2.11
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
100.52

4.27%
1,005,201.29
5,125.00

0.73%
10,371.29
Aaa/AA+
AA+

2.38 2.23
3130AVVX7 FEDERAL HOME LOAN BANKS 3.75
06/09/2028 1,120,000.00 06/07/2023

4.00%
1,107,243.20
1,107,243.20

97.90 4.41%
1,096,480.07
2,566.67

0.80%
(10,763.13)
Aaa/AA+
AA+

3.44 3.18
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 2,000,000.00 07/06/2023

4.49%
1,956,940.00
1,956,940.00

98.70 4.41%
1,973,957.98
4,888.89

1.44%
17,017.98
Aaa/AA+
AA+

3.44 3.17
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 2,000,000.00 10/12/2023

4.71%
1,981,460.00
1,981,460.00
100.50

4.35%
2,009,944.26
24,750.00

1.46%
28,484.26
Aaa/AA+
AA+

3.73 3.36
Total Agency 27,630,000.00 4.41%
27,505,001.45
27,505,001.45
100.26

4.29%
27,699,179.69
309,726.34

20.18%
194,178.24
Aaa/AA+
AA+

1.96 1.82

AGENCY CMBS
3137BM7C4 FHMS K-051 A2 3.308 09/25/2025 1,182,667.61 06/23/2022

3.30%
1,180,172.92
1,180,172.92

99.07 4.50%
1,171,696.95
3,260.22

0.85%
(8,475.97)
Aaa/AA+
AAA

0.73 0.61
3137BSP72 FHMS K-058 A2 2.653 08/25/2026 2,000,000.00 02/09/2023

4.27%
1,890,546.88
1,890,546.88

97.06 4.48%
1,941,206.20
4,421.67

1.41%
50,659.32
Aaa/AA+
AAA

1.65 1.54
3137BTUM1 FHMS K-061 A2 3.347 11/25/2026 877,525.65 09/22/2022

4.23%
846,023.85
846,023.85

97.60 4.66%
856,449.24
2,447.57

0.62%
10,425.39
Aaa/AA+
AAA

1.90 1.70
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 862,000.00 --

4.03%
839,600.51
839,600.51

97.83 4.53%
843,335.63
2,463.88

0.61%
3,735.12
Aaa/AA+
AAA

2.07 1.82
3137F1G44 FHMS K-065 A2 3.243 04/25/2027 1,000,000.00 09/19/2022

4.02%
965,468.75
965,468.75

97.09 4.56%
970,889.70
2,702.50

0.71%
5,420.95
Aaa/AA+
AAA

2.31 2.10
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 1,239,373.29 05/18/2023

4.13%
1,190,524.56
1,190,524.56

96.46 4.57%
1,195,483.61
3,291.57

0.87%
4,959.05
Aaa/AAA
AA+

2.73 2.48
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

97.10 4.61%
1,131,220.36
3,543.54

0.82%
23,742.23
Aaa/AA+
AAA

3.15 2.88
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

97.41 4.65%
1,217,603.38
4,062.50

0.89%
20,337.75
Aaa/AA+
AAA

3.65 3.30
34 153

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 1,500,000.00 08/19/2024

4.12%
1,385,332.03
1,385,332.03

91.15 4.71%
1,367,313.30
2,825.00

1.00%
(18,018.73)
Aaa/AA+
AAA

4.07 3.71
Total Agency CMBS 11,076,566.55 4.22%
10,602,413.26
10,602,413.26

96.61 4.58%
10,695,198.36
29,018.45

7.79%
92,785.10
Aaa/AA+
AAA

2.48 2.25
CASH
CCYUSD Receivable 1,290.75 --

0.00%
1,290.75
1,290.75

1.00 0.00%
1,290.75

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,290.75 0.00%
1,290.75
1,290.75

1.00 0.00%
1,290.75

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00

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

1.60%
1,000,000.00
1,000,000.00

99.84 4.63%
998,389.11
7,111.11

0.73%
(1,610.89)
A1/A
AA-

0.06 0.05
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

99.61 4.57%
896,515.40
5,527.50

0.65%
(3,358.60)
Aa3/A
AA-

0.31 0.31
14913R2V8 CATERPILLAR FINANCIAL SERVICES
CORP 3.4 05/13/2025 480,000.00 05/10/2022

3.44%
479,390.40
479,390.40

99.60 4.50%
478,076.76
2,176.00

0.35%
(1,313.64)
A2/A
A+

0.36 0.36
438516CB0 HONEYWELL INTERNATIONAL INC

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

2.31%
970,280.00
970,280.00

98.70 4.55%
986,974.95
1,125.00

0.72%
16,694.95
A2/A
A

0.42 0.41
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

99.63 4.64%
996,271.90
2,615.28

0.73%
(5,558.10)
A2/A-
NA

0.43 0.42
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

99.43 4.73%
1,098,679.10
1,694.33

0.80%
(1,294.55)
A2/A-
A

0.45 0.44
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

99.49 4.49%
1,368,054.11
19,377.95

1.00%
(5,282.15)
A2/A
A+

0.61 0.59
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

99.17 4.61%
991,726.81
12,277.78

0.72%
1,016.81
Aa3/A
WR

0.62 0.60
437076CR1 HOME DEPOT INC 4.0 09/15/2025 1,000,000.00 09/14/2022

4.13%
996,380.00
996,380.00

99.66 4.48%
996,633.15
11,777.78

0.73%
253.15
A2/A
A

0.71 0.68
023135CN4 AMAZON.COM INC 4.6
12/01/2025 425,000.00 11/29/2022

4.60%
424,974.50
424,974.50
100.12

4.46%
425,498.78
1,629.17

0.31%
524.28
A1/AA
AA-

0.92 0.88
35 154

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
857477BR3 STATE STREET CORP 1.746
02/06/2026 335,000.00 02/02/2022

1.75%
335,000.00
335,000.00

99.61 5.82%
333,706.57
2,355.89

0.24%
(1,293.44)
Aa3/A
AA-

1.10 0.09
037833BY5 APPLE INC 3.25 02/23/2026 1,000,000.00 02/22/2023

4.72%
959,390.00
959,390.00

98.79 4.34%
987,938.05
11,555.56

0.72%
28,548.05
Aaa/AA+
NA

1.15 1.09
57629W6F2 MASSMUTUAL GLOBAL FUNDING
II 4.5 04/10/2026 750,000.00 04/04/2023

4.52%
749,482.50
749,482.50

99.92 4.56%
749,390.17
7,593.75

0.55%
(92.33)
Aa3/AA+
AA+

1.27 1.21
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

98.45 4.56%
984,454.20
5,397.22

0.72%
30,234.20
A2/A
A

1.34 1.28
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
101.13

4.59%
1,011,304.27
1,650.00

0.74%
10,864.27
Aa3/AA-
AA-

1.47 1.40
61747YET8 MORGAN STANLEY 4.679
07/17/2026 1,000,000.00 09/14/2022

4.68%
994,030.00
994,030.00

99.89 5.65%
998,929.51
21,315.44

0.73%
4,899.51
A1/A-
A+

1.54 0.52
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00
100.92

4.45%
1,463,276.36
28,679.79

1.07%
11,351.36
A1/A+
NA

1.61 1.50
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
101.32

4.67%
1,013,198.02
20,415.50

0.74%
14,388.02
Aa1/A+
AA

1.63 1.44
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
101.25

4.41%
516,357.56
3,702.81

0.38%
6,495.26
A1/A+
NA

1.86 1.67
48125LRU8 JPMORGAN CHASE BANK NA 5.11
12/08/2026 1,575,000.00 --

5.08%
1,576,460.00
1,576,460.00
101.05

4.53%
1,591,589.79
5,141.94

1.16%
15,129.79
Aa2/AA-
AA

1.94 1.74
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
100.14

4.43%
1,001,403.92
21,625.00

0.73%
1,943.92
A1/A
A+

2.02 1.87
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
100.39

4.67%
1,249,798.01
27,312.19

0.91%
5,109.26
A1/A
AA-

2.05 1.89
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
100.73

4.44%
1,510,950.05
25,000.00

1.10%
10,140.05
A1/AA-
NA

2.16 1.92
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
100.83

4.59%
1,220,070.70
17,285.49

0.89%
10,070.70
Aa3/A
AA-

2.21 1.97
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

98.68 4.59%
986,842.31
5,666.67

0.72%
(3,617.69)
A2/A+
A+

2.36 2.21
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

94.00 4.55%
1,410,025.92
3,545.83

1.03%
38,080.92
A2/A
NA

2.37 2.27
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60
100.95

4.47%
747,011.52
601.25

0.54%
8,465.92
A2/A
A

2.48 2.24
36 155

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
09290DAH4 BLACKROCK INC 4.6 07/26/2027 750,000.00 07/18/2024

4.57%
750,645.00
750,645.00
100.23

4.50%
751,706.56
14,854.17

0.55%
1,061.56
Aa3/AA-
NA

2.57 2.28
532457CP1 ELI LILLY AND CO 4.15 08/14/2027 1,250,000.00 08/22/2024

4.10%
1,251,637.50
1,251,637.50

99.46 4.37%
1,243,231.48
19,741.32

0.91%
(8,406.03)
A1/A+
NA

2.62 2.42
023135BC9 AMAZON.COM INC 3.15
08/22/2027 1,000,000.00 07/30/2024

4.55%
960,450.00
960,450.00

96.55 4.55%
965,519.16
11,287.50

0.70%
5,069.16
A1/AA
AA-

2.64 2.47
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

99.99 4.55%
999,911.71
12,765.28

0.73%
10,011.71
A1/A+
A+

2.72 2.50
64952WFJ7 NEW YORK LIFE GLOBAL FUNDING

3.9 10/01/2027 1,000,000.00 09/25/2024

3.91%
999,820.00
999,820.00

98.23 4.59%
982,323.88
9,750.00

0.72%
(17,496.12)
Aaa/AA+
AAA

2.75 2.55
91324PDE9 UNITEDHEALTH GROUP INC 2.95
10/15/2027 1,250,000.00 07/30/2024

4.60%
1,189,300.00
1,189,300.00

95.70 4.61%
1,196,285.35
7,784.72

0.87%
6,985.35
A2/A+
A

2.79 2.62
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 750,000.00 06/22/2023

4.79%
715,005.00
715,005.00

96.66 4.80%
724,942.64
4,625.00

0.53%
9,937.64
A1/A
WR

3.33 3.07
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

99.00 4.72%
1,485,044.03
8,433.33

1.08%
1,019.03
Aa2/A+
AA-

3.37 3.08
Total Corporate 35,600,000.00 4.37%
35,163,060.45
35,163,060.45

99.36 4.60%
35,362,031.77
363,397.54

25.76%
198,971.32
A1/A+
A+

1.73 1.57

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 297,882.75 --

4.35%
297,882.75
297,882.75

1.00 4.35%
297,882.75

0.00 0.22%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 297,882.75 4.35%
297,882.75
297,882.75

1.00 4.35%
297,882.75

0.00 0.22%

0.00 Aaa/AAAm
AAA

0.00 0.00

SUPRANATIONAL
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

97.14 4.38%
485,711.20
8,215.28

0.35%
2,596.20
Aaa/AAA
NA

3.53 3.22
Total Supranational 500,000.00 4.26%
483,115.00
483,115.00

97.14 4.38%
485,711.20
8,215.28

0.35%
2,596.20
Aaa/AAA
NA

3.53 3.22
37 156

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration

US TREASURY
912828Z52 UNITED STATES TREASURY 1.375
01/31/2025 2,000,000.00 06/04/2021

0.51%
2,062,500.00
2,062,500.00

99.76 4.35%
1,995,289.20
11,508.15

1.45%
(67,210.80)
Aaa/AA+
AA+

0.08 0.08
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

99.11 4.23%
1,982,110.50
2,554.95

1.44%
(14,920.75)
Aaa/AA+
AA+

0.25 0.24
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

98.73 4.32%
1,974,611.42
1,284.53

1.44%
(2,732.33)
Aaa/AA+
AA+

0.33 0.32
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

98.38 4.28%
1,770,793.49
395.60

1.29%
5,035.68
Aaa/AA+
AA+

0.41 0.40
91282CAB7 UNITED STATES TREASURY 0.25
07/31/2025 2,000,000.00 12/02/2021

4.30%
1,942,031.25
1,942,031.25

97.73 4.27%
1,954,510.82
2,092.39

1.42%
12,479.57
Aaa/AA+
AA+

0.58 0.57
91282CAJ0 UNITED STATES TREASURY 0.25
08/31/2025 1,000,000.00 03/22/2022

2.42%
928,828.13
928,828.13

97.39 4.31%
973,925.85
849.45

0.71%
45,097.72
Aaa/AA+
AA+

0.67 0.64
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 3,250,000.00 --

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

99.09 4.25%
3,220,401.24
24,910.71

2.35%
(39,481.57)
Aaa/AA+
AA+

0.75 0.72
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

98.98 4.26%
2,474,623.00
12,845.30

1.80%
(24,009.81)
Aaa/AA+
AA+

0.83 0.80
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

98.29 4.28%
2,457,221.65
7,303.18

1.79%
26,069.31
Aaa/AA+
AA+

0.87 0.84
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

98.47 4.21%
2,461,864.38
181.28

1.79%
49,071.41
Aaa/AA+
AA+

1.00 0.97
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

97.58 4.27%
2,439,618.05
14,371.57

1.78%
61,786.02
Aaa/AA+
AA+

1.25 1.20
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

99.37 4.26%
1,987,324.68
16,071.43

1.45%
21,621.55
Aaa/AA+
AA+

1.29 1.23
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

95.98 4.26%
2,879,270.01
7,790.06

2.10%
112,238.76
Aaa/AA+
AA+

1.87 1.80
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

95.29 4.24%
1,667,492.96

84.60 1.21%
26,252.73
Aaa/AA+
AA+

2.00 1.93
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

96.29 4.25%
2,407,257.30
15,968.41

1.75%
57,843.24
Aaa/AA+
AA+

2.25 2.13
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

97.65 4.25%
1,269,511.11
116.71

0.92%
2,823.61
Aaa/AA+
AA+

2.50 2.36
38 157

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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

96.31 4.28%
1,926,146.12
23,016.30

1.40%
39,036.74
Aaa/AA+
AA+

2.58 2.42
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

97.12 4.28%
2,428,004.78
26,545.23

1.77%
(17,112.42)
Aaa/AA+
AA+

2.67 2.49
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

99.61 4.28%
1,593,681.47
16,862.64

1.16%
(1,818.53)
Aaa/AA+
AA+

2.75 2.54
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

94.55 4.29%
1,323,653.23
4,089.78

0.96%
24,715.73
Aaa/AA+
AA+

2.87 2.72
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 1,500,000.00 11/26/2024

4.24%
1,467,070.31
1,467,070.31

97.71 4.30%
1,465,615.43
21,970.11

1.07%
(1,454.89)
Aaa/AA+
AA+

3.08 2.84
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 2,750,000.00 09/27/2024

3.51%
2,684,257.81
2,684,257.81

95.27 4.39%
2,619,804.00
28,564.88

1.91%
(64,453.81)
Aaa/AA+
AA+

3.13 2.91
9128284V9 UNITED STATES TREASURY 2.875
08/15/2028 2,500,000.00 11/12/2024

4.34%
2,374,804.69
2,374,804.69

95.13 4.34%
2,378,149.10
27,148.44

1.73%
3,344.41
Aaa/AA+
AA+

3.62 3.35
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

95.69 4.35%
1,913,771.48
8,114.64

1.39%
43,146.48
Aaa/AA+
AA+

3.88 3.57
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 10/29/2024

4.30%
1,991,093.75
1,991,093.75

98.42 4.39%
1,968,300.84
33,478.26

1.43%
(22,792.91)
Aaa/AA+
AA+

4.58 4.07
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,750,000.00 12/17/2024

4.26%
2,618,730.47
2,618,730.47

94.72 4.39%
2,604,782.13
29,199.76

1.90%
(13,948.35)
Aaa/AA+
AA+

4.67 4.22
Total US Treasury 55,600,000.00 3.43%
53,877,107.42
53,877,107.42

97.40 4.29%
54,137,734.22
337,318.36

39.44%
260,626.80
Aaa/AA+
AA+

1.95 1.82
Total Portfolio 139,255,044.22 4.02%
136,472,710.05
136,472,710.05

98.41 4.41%
137,277,402.94
1,062,389.06
100.00%
804,692.89
Aa2/AA
AA

1.99 1.75
Total Market Value +
Accrued 138,339,791.99
39 158

HOLDINGS REPORT
Murrieta Liquidity | Account | As of December 31, 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 26,792.30 --

0.00%
26,792.30
26,792.30

1.00 0.00%
26,792.30

0.00 0.23%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 26,792.30 0.00%
26,792.30
26,792.30

1.00 0.00%
26,792.30

0.00 0.23%

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

99.62 4.74%
1,992,386.00

0.00 16.88%
66,761.00
P-1/A-1+
F1

0.08 0.08
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

99.22 4.62%
2,679,018.30

0.00 22.69%
84,115.80
P-1/A-1
NA

0.17 0.17
Total Commercial
Paper 4,700,000.00 5.39%
4,520,527.50
4,520,527.50

99.39 4.67%
4,671,404.30

0.00 39.57%
150,876.80
P-1/AA-
A+

0.14 0.13

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 7,106,497.49 --

4.35%
7,106,497.49
7,106,497.49

1.00 4.35%
7,106,497.49

0.00 60.20%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 7,106,497.49 4.35%
7,106,497.49
7,106,497.49

1.00 4.35%
7,106,497.49

0.00 60.20%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Portfolio 11,833,289.79 4.75%
11,653,817.29
11,653,817.29

39.94 4.47%
11,804,694.09

0.00 100.00%
150,876.80
Aaa/AA
AA

0.05 0.05
Total Market Value +
Accrued 11,804,694.09
40 159

TRANSACTIONS
41 160

TRANSACTION LEDGER
City of Murrieta | Account |10/01/2024 Through 12/31/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 10/31/2024 91282CLC3 2,000,000.00 UNITED STATES TREASURY

4.0 07/31/2029 99.555 4.10% (1,991,093.75) (20,000.00) (2,011,093.75) 0.00 Purchase 11/15/2024 9128284V9 2,500,000.00 UNITED STATES TREASURY

2.875 08/15/2028 94.992 4.34% (2,374,804.69) (17,968.75) (2,392,773.44) 0.00 Purchase 11/27/2024 91282CGH8 1,500,000.00 UNITED STATES TREASURY

3.5 01/31/2028 97.805 4.24% (1,467,070.31) (16,976.90) (1,484,047.21) 0.00 Purchase 12/20/2024 91282CFJ5 2,750,000.00 UNITED STATES TREASURY

3.125 08/31/2029 95.227 4.26% (2,618,730.47) (26,351.00) (2,645,081.47) 0.00 Total Purchase 8,750,000.00 (8,451,699.22) (81,296.65) (8,532,995.87) 0.00 TOTAL
ACQUISITIONS 8,750,000.00 (8,451,699.22) (81,296.65) (8,532,995.87) 0.00

DISPOSITIONS
Maturity 10/31/2024 912828YM6 (1,700,000.00) UNITED STATES TREASURY

1.5 10/31/2024 100.000 1.50% 1,700,000.00 0.00 1,700,000.00 (49,273.44) Maturity 11/15/2024 91282CDH1 (2,000,000.00) UNITED STATES TREASURY

0.75 11/15/2024 100.000 0.75% 2,000,000.00 0.00 2,000,000.00 3,671.87 Maturity 12/15/2024 91282CDN8 (900,000.00) UNITED STATES TREASURY

1.0 12/15/2024 100.000 1.00% 900,000.00 0.00 900,000.00 (386.72) Maturity 12/20/2024 3130AQF40 (1,400,000.00) FEDERAL HOME LOAN BANKS 1.0 12/20/2024 100.000 1.00% 1,400,000.00 0.00 1,400,000.00 1,232.00 Total Maturity (6,000,000.00) 6,000,000.00 0.00 6,000,000.00 (44,756.29) Sale 11/27/2024 912828ZC7 (1,200,000.00) UNITED STATES TREASURY

1.125 02/28/2025 99.164 1.59% 1,189,968.75 3,281.77 1,193,250.52 6,609.37 Total Sale (1,200,000.00) 1,189,968.75 3,281.77 1,193,250.52 6,609.37 TOTAL
DISPOSITIONS (7,200,000.00) 7,189,968.75 3,281.77 7,193,250.52 (38,146.92) 42 161

TRANSACTION LEDGER
Murrieta Liquidity | Account |10/01/2024 Through 12/31/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

DISPOSITIONS
Maturity 10/17/2024 912797KU0 (2,000,000.00) UNITED STATES TREASURY 10/17/2024 100.000 0.00% 2,000,000.00 0.00 2,000,000.00 50,764.58 Maturity 11/05/2024 912797MA2 (2,750,000.00) UNITED STATES TREASURY 11/05/2024 100.000 0.00% 2,750,000.00 0.00 2,750,000.00 46,452.66 Total Maturity (4,750,000.00) 4,750,000.00 0.00 4,750,000.00 97,217.24 TOTAL
DISPOSITIONS (4,750,000.00) 4,750,000.00 0.00 4,750,000.00 97,217.24 43 162

IMPORTANT DISCLOSURES
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 “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 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.

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. 44 163

BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 3-Month US Treasury Bill Index
The ICE BofA US 3-Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month- end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date.

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. 45 164
MALIA M. COHEN
California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name MURRIETA
Account Number
As of 01/15/2025, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 12/31/2024.

Earnings Ratio .00012664187216722
Interest Rate 4.62%
Dollar Day Total $ 179,552,653.16
Quarter End Principal Balance $ 1,955,146.22
Quarterly Interest Earned $ 22,738.88
1/15/25, 8:44 AM Untitled Page
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/2 /22 /22 /30 /23 /16 /13 /i255 /50 /23 /19 /49 /14 /31 /i255 /34 /i255 /11 /11 /2 /32 /45 /42 /35 /39 /40 /39 /32 /37 /32
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167

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 11/01/2024 THROUGH 11/30/2024

FUNDS HELD ON COMPANY'S BEHALF IN THE OMNIBUS DEPOSIT ACCOUNT AT BANK ARE

DEPOSITS AND ARE ELIGIBLE FOR FDIC INSURANCE IN ACCORDANCE WITH FDIC RULES AND LIMITS. COMPANY'S MMMF SHARES HELD IN THE OMNIBUS INVESTMENT ACCOUNT IN

BANK'S NAME AT THE CUSTODIAN OF THE MMMF ARE NOT DEPOSITS AND ARE NOT ELIGIBLE FOR FDIC INSURANCE. COMPANY IS THE OWNER OF ITS MMMF SHARES.

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
11-01-2024 Beginning Balance 108,707,483.76
11-01-2024 Next Day Sweep Purchase 60,653.74
11-04-2024 Next Day Sweep Purchase 166,304.15
11-05-2024 Sweep Funds Return To DDA 125,405.16
11-06-2024 Next Day Sweep Purchase 744,385.55
11-07-2024 Sweep Funds Return To DDA 813,247.47
11-08-2024 Next Day Sweep Purchase 64,111.04
11-12-2024 Sweep Funds Return To DDA 2,409.73
11-13-2024 Sweep Funds Return To DDA 2,666,127.75
11-14-2024 Sweep Funds Return To DDA 152,226.28
11-15-2024 Sweep Funds Return To DDA 69,906.49
11-18-2024 Sweep Funds Return To DDA 813,724.46
11-19-2024 Sweep Funds Return To DDA 168,743.63
11-20-2024 Sweep Funds Return To DDA 191,560.69
11-21-2024 Sweep Funds Return To DDA 534,350.86
11-22-2024 Next Day Sweep Purchase 5,054.93
11-25-2024 Next Day Sweep Purchase 4,630,864.85
11-26-2024 Next Day Sweep Purchase 236,721.82
11-27-2024 Sweep Funds Return To DDA 1,894,393.41
11-29-2024 Sweep Funds Return To DDA 500,357.03
11-30-2024 Ending Balance 106,683,126.88
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 11-01 108,768,137.50 4.770 % .000130685 14,214.36
11-02* 108,768,137.50 4.770 % .000130685 14,214.36
11-03* 108,768,137.50 4.770 % .000130685 14,214.36
11-04 108,934,441.65 4.757 % .000130331 14,197.53
11-05 108,809,036.49 4.739 % .000129860 14,129.94

Page 1 of 2 ends

Murrieta City CouncilFebruary 18, 2025

Murrieta City Council
February 18, 2025