Agenda packet — Murrieta City Council, June 2, 2026 (part 1 of 5)

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.

Jon Levell
Mayor
Ron Holliday Lisa DeForest Mayor Pro Tem Council Member Lori Stone Cindy Warren 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, June 2, 2026
4:00 PM REGULAR MEETING

CLOSED SESSION FOLLOWING

REGULAR MEETING
1 City Council Meeting Agenda June 2, 2026
4:00 PM REGULAR MEETING

CALL TO ORDER

ROLL CALL

PLEDGE OF ALLEGIANCE

INVOCATION

PRESENTATIONS
Presentation: Christopher Lee, Southern California Edison Scholarship Recipient

APPROVAL OF AGENDA

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

Murrieta Valley Unified School District: School District Updates Community Services Department: Community Pool Programming Update

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB)

REPORTS/ANNOUNCEMENTS
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. 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.

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 – 13
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.

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2 City Council Meeting Agenda June 2, 2026

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 from the May 5, 2026 Regular City Council Meeting.

3. Monthly Investment Transaction Report for March 2026 Recommended Action:

Receive and file the Monthly Investment Transaction Report for March 2026.

4. Treasurer’s Report - Quarter 3 of Fiscal Year 2025/26 Recommended Action:

Receive the Fiscal Year 2025/26 Treasurer’s Reports for Quarter 3 (January - March 2026.)

5. Amendment to CalPERS Contracts to include Public Employees’ Pension Reform Act (PEPRA) Language for the City of Murrieta and the Murrieta Fire District Recommended Action:

Adopt Resolution No. 26-4937 entitled: A Resolution of Intention of the City Council of the City of Murrieta, California, to Approve An Amendment to Contract Between the Board of Administration of the California Public Employees’ Retirement System and the City Council of City of Murrieta;
Introduce and conduct the first reading of Ordinance No. 633 -26 entitled: An Ordinance of the City Council of the City of Murrieta, California, Approving an Amendment to the Contract Between the City Council of the City of Murrieta and the Board of Administration of the California Public Employees’ Retirement System to Include Public Employees’ Pension Reform Act (PEPRA) Language;
Acting as Board of Directors for the Murrieta Fire Protection District, take the following actions:

Adopt Resolution No. MFD 26 -227 entitled: A Resolution of Intention of the Board of Directors of the Murrieta Fire District to Approve An Amendment to Contract Between the Board of Administration Of The California Public Employees’ Retirement System and the Board of Directors of the Murrieta Fire District; and
Introduce and conduct the first reading of Ordinance No. 634 -26 entitled: An Ordinance of the City Council of the City of Murrieta, California, Acting as the Murrieta Fire District Approving an Amendment to the Contract Between the Board of Directors of the Murrieta Fire District and the Board of Administration of the California Public Employees’ Retirement System to Include Public Employees’ Pension Reform Act (PEPRA) Language.

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3 City Council Meeting Agenda June 2, 2026

6. Award Construction Contract for the Citywide Sidewalk Replacement Program 2026, CIP No. 13064, MSD Project No. 26-003
Recommended Action:

Amend the Capital Improvement Plan Budget for Fiscal Year 2025/26 by transferring the Measure A remaining funding from CIP Nos. 8293, 13051, and 13073 in the combined amount of $625,618.28 into CIP No. 13064;
Find the Citywide Sidewalk Replacement Program 2026, CIP No. 13064, MSD Project No. 26-003, to be exempt from CEQA and award the construction contract to Carter Enterprises Group, Inc., dba Pavement Rehab Company, in the amount of $411,888; Authorize a 15% construction contingency of $61,783.20; Authorize the Director of Municipal Services, or his designee, to approve contract change orders not to exceed 15% of the contract amount; and
Authorize the Mayor to execute the construction contract.

7. Award a Construction Contract for the Fire Station 1 Living Quarters Improvement Project, CIP No. 21037, MSD Project No. 26-001
Recommended Action:

Amend the Capital Improvement Plan Budget for Fiscal Year 2025/26 and establish an appropriation of $1,174,719.74 using Measure T Fund Unassigned Fund Balance into CIP No. 21037;
Find the Fire Station 1 Living Quarters Improvement Project, CIP No. 21037, MSD Project No. 26-001, to be exempt from CEQA and award the construction contract to DeArk E&C, Inc. in the amount of $1,450,000;
Authorize a 15% construction contingency of $217,500;
Authorize the Director of Municipal Services, and/or his designee, to approve contract change orders not to exceed 15% of the contract amount; and
Authorize the Mayor to execute the construction contract.

8. Notice of Completion of Pedestrian Safety Enhancement Projects, CIP No. 13044 and CIP No. 13046
Recommended Action:

Accept the improvements for the FY 2022/23 Pedestrian Safety Enhancement Project, CIP No. 13044, and the FY 2023/24 Pedestrian Safety Enhancement Project, CIP No. 13046, as complete;
Authorize the City Clerk to record a Notice of Completion and release bonds in accordance with State law and City Ordinances; and

Release any remaining retention from CIP No. 13044 and CIP No. 13046 in accordance with State law and City ordinances.

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4 City Council Meeting Agenda June 2, 2026

9. Agreement for Consulting Services for the Storm Drain Master Plan, CIP No. 19002 Recommended Action:

Amend the Fiscal Year (FY) 2025/26 Capital Improvement Plan Budget to establish an additional appropriation of $511,000 of Storm Drain Development Impact Fees (DIF) into CIP Project No. 19002;
Approve the Agreement for Professional Services to develop a Storm Drain Master Plan, CIP No. 19002, with Rick Engineering Company, Inc., in the amount of $564,600; Authorize a 10% contingency of $56,400; and
Authorize the City Manager to execute the Agreement and any amendments to the Agreement, not-to-exceed 10% of the contract amount.

10. Approval of Purchase Order Increase for Michael Baker International, Inc. for Plan Check Services
Recommended Action:

Amend the Fiscal Year (FY) 2025/26 Operating Budget to establish an additional appropriation of $96,750, as detailed in the fiscal impact statement; Approve a $96,750 increase to the purchase order with Michael Baker International, Inc. for On-Call Plan Check services for the remainder of Fiscal Year 2025/26; and Authorize the City Manager to execute the purchase order increase on behalf of the City.

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5 City Council Meeting Agenda June 2, 2026

11. Approval of Purchase Orders with Michael Baker International, Inc ., HR Green Pacific, Inc., Accenture Infrastructure and Capital Projects, LLC, and Rick Engineering Company
Recommended Action:

Approve a purchase order with Michael Baker International, Inc., for On-Call Plan Check services for fiscal year 2026/27 for an amount not to exceed $470,000 from the Engineering General Fund;
Approve a purchase order with Michael Baker International, Inc., for On -Call Land Development Review services for fiscal year 2026/27 for an amount not to exceed $80,000 from the Engineering General Fund; and
Approve a purchase order with HR Green Pacific, Inc. for On -Call Plan Check services for fiscal year 2026/27 for an amount not to exceed $250,000 from the Engineering General Fund; and
Approve a purchase order with Accenture Infrastructure and Capital Projects, LLC for On -Call Storm Water Pollution Prevention Program (SWPPP) and Inspection services for fiscal year 2026/27 for an amount not to exceed $500,000 from the Engineering General Fund; and Approve a purchase order with Accenture Infrastructure and Capital Projects, LLC for On -Call National Pollutant Discharge Elimination System (NPDES) services for fiscal year 2026/27 for an amount not to exceed $130,000 from the Engineering General Fund; and Approve a purchase order with Rick Engineering Company for On -Call Traffic Engineering services for fiscal year 2026/27 for an amount not to exceed $144,900 from the Engineering General Fund;

Approve a purchase order with Rick Engineering Company for On -Call Traffic Engineering consultant services for Fiscal Year 2026/27, for an amount not to exceed $238,870, with $73,865 from Capital Improvement Plan project No. 13074, $73,865 from Capital Improvement Plan project No. 13077, $73,865 from Capital Improvement Plan project No. 13078, and $17,275 from Capital Improvement Plan project 13079; and Authorize the City Manager to execute the purchase orders on behalf of the City.

12. Local Street Projects for the Road Repair and Accountability Act of 2017 Recommended Action:

Adopt Resolution No. 26-4938 entitled: A Resolution of the City Council of the City of Murrieta, California, Approving the Fiscal Year 2026/27 Project List for the Road Repair and Accountability Act of 2017 to the California Transportation Commission; and

Amend the Fiscal Year (FY) 2026/27 Operating Budget to establish a Revenue budget of $3,136,635 in the SB1 Road Maintenance and Rehabilitation Fund (307).

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6 City Council Meeting Agenda June 2, 2026

13. Quitclaim Deed to Reserve a Drainage Easement to Riverside County Flood and Water Conservation District
Recommended Action:

Accept the offer of dedication and approve the Quitclaim Deed to reserve a drainage easement over a portion of Lot 31 granted to the County of Riverside on Tract Map 21151; and Authorize the City Manager to execute the Quitclaim Deed of Easement.

PULLED CONSENT CALENDAR ITEMS

PUBLIC HEARINGS

14. Residential Objective Design Standards Update (MCA-2026-00013) Recommended Action:

Conduct the public hearing;
Find that the proposed amendment is in compliance with the provisions of the California Environmental Quality Act (CEQA) Guidelines, Section 15183, and file a Notice Exemption finding that the project is exempt from CEQA; and
Introduce and conduct the first reading of Ordinance No. 635 -26 entitled: An Ordinance of the City Council of the City of Murrieta, California, Amending Title 16 of the Murrieta Municipal Code to Revise the City’s Development Code (Planning Case No. MCA-2026-00013) Chapters

16.08 and 16.16 and to Amend the Multi -Family Residential and Mixed -Use Residential Objective Design Standards.

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7 City Council Meeting Agenda June 2, 2026

15. Continued Public Hearings to Form Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta and to Annex into Community Facilities District No . 2025-2 (Maintenance Services) and Community Facilities District No. 2025-S (Safety Services)
Recommended Action:

Hold a public hearing regarding the formation of Community Facilities District No. 2026 -1 (Gierson Ranch) of the City of Murrieta;
Adopt Resolution No. 26-4939 entitled: A Resolution of the City Council of the City of Murrieta, California, Establishing Community Facilities District No. 2026 -1 (Gierson Ranch) of the City of Murrieta, Authorizing the Levy of a Special Tax Therein, Calling an Election and Approving and Authorizing Certain Actions Related Thereto;
Adopt Resolution No. 26-4940 entitled: A Resolution of the City Council of the City of Murrieta, California, Acting as the Legislative Body of Community Facilities District No. 2026 -1 (Gierson Ranch) of the City of Murrieta, Determining the Necessity to Incur Bonded Indebtedness in an Amount Not to Exceed $8,000,000 Within Community Facilities District No. 2026 -1 (Gierson Ranch) of the City of Murrieta and Calling an Election Therein;

Direct the City Clerk to hold an election within CFD No. 2026-1;

Adopt Resolution No. 26-4941 entitled: A Resolution of the City Council of the City of Murrieta, California, Acting in its Capacity as the Legislative Body of Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta Certifying Election Results; Introduce and conduct the first reading of Ordinance No. 636 -26 entitled: An Ordinance of the City Council of the City of Murrieta, California, Acting in its Capacity as the Legislative Body of Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta Authorizing the Levy of Special Taxes;
Acting as the Legislative Body of Community Facilities District No. 2025 -2 of the City of Murrieta (Maintenance Services), hold a public hearing regarding Annexation No. 3; Adopt Resolution No. 26 -4942 entitled: A Resolution of the City Council of the City of Murrieta Acting as the Legislative Body of Community Facilities District No.2025-2 of the City of Murrieta (Maintenance Services), Annexing Territory to Community Facilities District No. 2025 -2 of the City of Murrieta (Maintenance Services ), and Calling Elections Therein (Annexation No. 3 - Gierson Ranch);

Direct the City Clerk to hold an election within CFD 2025-2;

Adopt Resolution No. 26 -4943 entitled: A Resolution of the City Council of the City of Murrieta Acting as the Legislative Body of Community Facilities District No. 2025 -2 (Maintenance Services) Certifying the Results of the June 2, 2026, Annexation and Special Tax Election (Annexation No. 3 - Gierson Ranch).

Acting as the Legislative Body of Community Facilities District No. 2025 -S of the City of Murrieta (Safety Services), hold a public hearing regarding the annexation of Annexation No. 1; Adopt Resolution No. 26 -4944 entitled: A Resolution of the City Council of the City of Murrieta Acting as the Legislative Body of Community Facilities District No. 2025 -S of the City of

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8 City Council Meeting Agenda June 2, 2026
Murrieta (Safety Services), Annexing Territory to Community Facilities District No. 2025 -S of the City of Murrieta (Safety Services) and Calling Elections Therein (Annexation No. 1 - Gierson Ranch);

Direct the City Clerk to hold an election within CFD 2025-S; and

Adopt Resolution No. 26 -4945 entitled: A Resolution of the City Council of the City of Murrieta Acting as the Legislative Body of Community Facilities District No. 2025 -S (Safety Services) of the City of Murrieta Certifying the Results of the June 2, 2026, Annexation and Special Tax Election (Annexation No. 1 - Gierson Ranch).

DISCUSSION

16. Fiscal Year 2025/26 Third Quarter Financial Status Report and Proposed Budget Adjustments
Recommended Action:

Receive and file the report; and
Approve the adjustments to the Fiscal Year 2025/26 Operating Budget as referenced in the Fiscal Impact section of this report.

17. Discussion Regarding Potential Modifications to City Council Term Limits Recommended Action:

Provide direction to staff regarding the potential initiation of a ballot measure for the November 2026 General Municipal Election related to a proposed increase of the existing City Council term limits.

RECONSIDERATION

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

18. E-Bike Safety
Recommended Action:

At the request of Mayor Pro Tem Holliday and Council Member Stone discuss Murrieta resident’s safety concerns regarding E -Bikes and the feasibility of stricter enforcement or regulations to be brought back for further consideration.

PUBLIC COMMENTS (NON-AGENDA/AGENDIZED/CLOSED SESSION)
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.

CLOSED SESSION

ANNOUNCEMENT OF CLOSED SESSION ITEMS

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9 City Council Meeting Agenda June 2, 2026
CS1. 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 in 1 (one) case.

CS2. Conference with Labor Negotiators
The City Council will conduct a closed session, pursuant to Government Code Section 54957.6, with the City Manager, Assistant City Manager, Deputy City Manager, City Attorney, and the City ’s Negotiators, regarding labor negotiations with the Murrieta Police Officers Association, Murrieta Police Management Association, Murrieta Firefighters Association, and Murrieta Fire Management Association.

RECESS TO CLOSED SESSION

CALL TO ORDER

ROLL CALL

ANNOUNCEMENT OF CLOSED SESSION ACTION

ADJOURNMENT

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6/2/2026
Agenda Item No.

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Agenda Item No.

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13 CITY OF MURRIETA
City Council Meeting Agenda
Report
6/2/2026
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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14 CITY OF MURRIETA
City Council Meeting Agenda
Report
6/2/2026
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 from the May 5, 2026 Regular City Council Meeting.

ATTACHMENTS
ATT 1 - May 5, 2026 Minutes
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15 City Council May 5, 2026

CITY OF MURRIETA Tuesday, May 5, 2026
Council Chambers 4:00 PM REGULAR MEETING
1 Town Square CLOSED SESSION FOLLOWING
Murrieta, CA 92562 REGULAR MEETING

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.

Jon Levell
Mayor

Ron Holliday Lisa DeForest Mayor Pro Tem Council Member

Lori Stone Cindy Warren 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
4:00 PM REGULAR MEETING
CALL TO ORDER 4:01 PM

ROLL CALL

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

Absent: None
16 City Council May 5, 2026
PLEDGE OF ALLEGIANCE Council Member Warren
INVOCATION Pastor John Hansen of Centerpoint Church

APPROVAL OF AGENDA

Action: It was moved by Council Member Warren, seconded by Mayor Pro Tem Holliday, to approve the Agenda for May 5, 2026.

The motion carried by the following vote:

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

Absent: None

CITY MANAGER - ADMINISTRATIVE UPDATE

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB)

REPORTS/ANNOUNCEMENTS

Council Member Warren: Provided attendance/reported the following:
• Southwest Elected Leaders Collaborative
• Riverside County Transportation Commission
(RCTC)

Provided Announcements to be made part of the City’s
record.

Council Member DeForest: Provided attendance/reported the following:
• Mount San Jacinto College (MSJC)/ Southwest
Regional Higher Education Coalition

Provided Announcements to be made part of the City’s
record.

Council Member Stone: Provided attendance/reported the following:
• Southwest Elected Leaders Collaborative*
• Western Riverside Council of Governments
(WRCOG)

Provided Announcements to be made part of the City’s
record.

Mayor Pro Tem Holliday: Provided attendance/reported the following:
• Regional Conservation Authority (RCA) meeting

Provided Announcements to be made part of the City’s
record.
17 City Council May 5, 2026
Mayor Levell: Provided verbal Announcements.

PUBLIC COMMENTS (NON-AGENDA)

`CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 14

Action: It was moved by Council Member DeForest, seconded by Mayor Pro Tem Holliday to approve Consent Calendar Item Nos. 1-14, with recusals on:

Item 7: Zone A only: Stone; Zone F only: Holliday, Levell; Zone G only: Levell, DeForest; Zone N only: Warren; and

Item 8: LLD 11 only: Warren and Levell; and LLD 15 only: Levell .

The motion carried by the following vote:

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

Absent: 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 from the April 7, 2026 regular meeting and the April 21, 2026 regular meeting.

3. Check Register March 2026
Recommended Action:

Adopt Resolution No. 26-4933 entitled: A Resolution of the City Council of the City of Murrieta, California, Ratifying the Consolidated Check Register for the month of March 2026.

Dora Ridgeway: Spoke on safety concerns with the potholes and unpaved surface on Menifee Road.

Phil Steinkowski: Spoke on the noise pollution of modified exhaust.

Herman Gray: Spoke on the property taxes and foreclosure of his home in Murrieta.
18 City Council May 5, 2026

4. Second Amendment to the Agreement with JL Group, LLC for Workplace Investigation Services
Recommended Action:

Amend the Fiscal Year (FY) 2025/26 Operating Budget to establish an additional appropriation of $20,000 in the Risk Management Fund as detailed in the fiscal impact statement;

Amend the Fiscal Year 2026/27 Operating Budget to establish an additional appropriation of $40,000 in the Risk Management Fund as detailed in the fiscal impact statement;

Approve the Second Amendment to the agreement with JL Group, LLC for specialized investigative services not to exceed $150,000, in a form approved by the City Attorney; and

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

5. Agreement with Everlaw - eDiscovery Software
Recommended Action:

Amend the Fiscal Year (FY) 2025/26 and Fiscal Year 2026/27 Operating Budget to appropriate $8,320, and $20,918, respectively, as detailed in the fiscal impact statement to cover the increase in the yearly cost;

Authorize the City Manager to approve a one-year agreement with Everlaw for the amount of $49,920 and up to an additional two (2) one-year extensions with an anticipated amount not-to-exceed $168,450; and

Authorize the exemption from bidding requirements in accordance with the Murrieta Municipal Code §3.08.280(G).

6. Murrieta Children’s Library Expansion Project - Additional Furniture, Fixtures and Equipment
Recommended Action:

Approve an Amendment to the Agreement with J.K. Miklin, Inc., dba Yamada Enterprises, for the purchase and installation of additional commodities for the Murrieta Children’s Library Expansion Project in an amount not-to-exceed $29,465.31; and

Approve a project contingency amount of $84,388, based on the entire Yamada Enterprises budget, to cover unforeseen issues and bonding costs; and

Authorize the City Manager, and/or their designee, to execute all necessary documents to facilitate the purchase in a form approved by the City Attorney. 19 City Council May 5, 2026

7. Levy of Annual Assessments for Murrieta Community Services District Recommended Action:

Adopt Resolution No. CSD 26-287, entitled: A Resolution of the Board of Directors of the Murrieta Community Services District, (1) Declaring its Intention to Levy the Annual Rates and Charges for Services Within the Murrieta Community Services District, Fiscal Year 2026/27, (2) Preliminarily Approving the Engineer’s Annual Levy Report for the Murrieta Community Services District for Fiscal Year 2026/27, and (3) Designating the Time and Place for the Public Hearing on These Matters.

8. Levy of Annual Assessments for Murrieta Consolidated Landscape and Lighting District Recommended Action:

Adopt Resolution No. 26-4934 entitled: A Resolution of the City Council of the City of Murrieta, California, Ordering the Preparation of the Engineer’s Annual Levy Report for the Consolidated Landscaping and Lighting District; and

Adopt Resolution No. 26-4935 entitled: A Resolution of the City Council of the City of Murrieta, California, Preliminarily Approving the Engineer’s Report for the Consolidated Landscaping and Lighting District and Declaring the City’s Intention to Levy and Collect Assessments for Fiscal Year 2026/27 in the Murrieta Consolidated Landscaping and Lighting District and Setting A Public Hearing for July 7, 2026.

9. Second Reading of Ordinance No. 631-26 Authorizing a Development Agreement between the City of Murrieta and French Valley Crossings, LP, a California limited partnership and Phelan Service Station, LP a California limited partnership, related to the Development of the French Valley Crossings
Recommended Action:

Conduct the second reading and adopt Ordinance No. 631-26 entitled: An Uncodified Ordinance of the City Council of the City of Murrieta, California, Approving a Development Agreement with French Valley Crossings, LP and Phelan Service Station, LP to extend the entitlements for the Development of a Commercial Shopping Center at the Southwest Corner of Winchester Road (Highway 79) and Clinton Keith Road (Development Agreement).

10. Second Reading of Ordinance No. 632-26 Approving a Development Agreement Between the City of Murrieta and Murrieta Marketplace Holdings LP, a California Limited Partnership; Bonsall Service Station, LP a California Limited Partnership; and Scott-Murrieta Service Station, LP a California Limited Partnership for the Murrieta Marketplace.

Recommended Action:

Conduct the second reading and adopt Ordinance No. 632-26 entitled: An Uncodified Ordinance of the City Council of the City of Murrieta, California, Approving a Development Agreement with Murrieta Marketplace Holdings LP, a California Limited Partnership, Bonsall Service Station, LP a California Limited Partnership and Scott-Murrieta Service Station, LP a California Limited Partnership to Extend the Entitlements for the Development of a Commercial Shopping Center at the Northwest Corner of Winchester Road (Highway 79) and Clinton Keith Road (Development Agreement).
20 City Council May 5, 2026

11. SB 1205 Compliance Report for 2025 State-Mandated Annual Fire Inspections Recommended Action:

Adopt Resolution No. 26-4936 entitled: A Resolution of the City Council of the City of Murrieta, California, Acknowledging Receipt of a Report Made by the Fire Marshal of the Murrieta Fire Department Regarding the Annual Inspection of Certain Occupancies Pursuant to Sections 13146.2 and 13146.3 of the California Health and Safety Code.

12. Construction Management Services for the Fire Station 1 Living Quarters Improvement Project, CIP No. 21037
Recommended Action:

Approve a Purchase Order for Construction Management Services for the Fire Station 1 Living Quarters Improvement Project, CIP No. 21037, to Griffin Structures in the amount of $247,160; and

Authorize a ten percent (10%) construction management service contingency of $24,716.

13. Approve Purchase of Equipment for Dispatch Consoles Recommended Action:

Approve the purchase of equipment from Motorola Solutions, Inc. for nine (9) new Police Department Dispatch consoles in the amount of $354,555.44; and

Amend the Fiscal Year (FY) 2025/26 operating budget as detailed in the Fiscal Impact Statement.

14. Assembly Bill 481 - Military Equipment Policy
Recommended Action:

Receive, review, and file the annual military equipment report; and

Approve the renewal of Ordinance No. 577-22,and adopt the findings therein.

PULLED CONSENT CALENDAR ITEMS None

DISCUSSION

15. Approval of the First Amendment of the Memorandum of Understanding with Murrieta Market Nights, Inc., a 150-Foot Event Expansion, and Purchase of Necessary Equipment.

Staff report and PowerPoint provided by Director of Development Services David Chantarangsu.

City Engineer Jeff Hitch was available to answer questions from the City Council regarding the traffic flow and physical traffic barriers for the Murrieta Market Night expansion.
21 City Council May 5, 2026

Public Comments:

Action: After discussion, it was moved by Mayor Pro Tem Holliday, seconded by Council Member DeForest to a pprove the First Amendment to the amended and restated 2024 Memorandum of Understanding with Murrieta Market Nights, Inc., regarding the implementation of Murrieta Market Nights;

Authorize the City Manager to execute the First Amendment to the MOU and subsequent extensions as set forth in the First Amendment to the MOU;

Amend the FY 2025/26 Operating Budget using General Fund Unassigned Fund Balance to establish an appropriation of $133,917.25; and

Approve the purchase of eight (8) new barriers and one new trailer from Meridian Rapid Defense Group Sales, LLC., in the amount of $133,917.25.

The motion carried by the following vote:

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

Absent: None

RECONSIDERATION None

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

Council Member Warren: None

Council Member DeForest: None

Council Member Stone: Requested a discussion on traffic synchronization congestion.

Consensus received.

Mayor Pro Tem Holliday: None

Connie McConnell: Spoke in support of the expansion of Murrieta Market Nights and was available to answer any
questions regarding the vendors and storefronts in
the Downtown area.

Casey Jurado: Spoke in support of the expansion of Murrieta Market Nights and was available to answer any
questions regarding the vendors and storefronts in
the Downtown area.
22 City Council May 5, 2026
Mayor Levell: None

PUBLIC COMMENTS (NON-AGENDA/AGENDIZED/CLOSED SESSION)

ANNOUNCEMENT OF CLOSED SESSION ITEMS

Deputy City Clerk Kimberly Ramirez announced the following Closed Session Items:

CS1. Conference with Legal Counsel - Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d) (2), because there is a significant exposure to litigation in two (2) cases.

CS2. Conference with Labor Negotiators
The City Council will conduct a closed session, pursuant to Government Code Section 54957.6, with the City Manager, Assistant City Manager, Deputy City Manager, City Attorney, and the City’s Negotiators, regarding labor negotiations with the Murrieta Police Officers Association, Murrieta Police Management Association, Murrieta Firefighters Association, and Murrieta Fire Management Association and Management, Professional, and Confidential.

RECESS TO CLOSED SESSION 5:46 p.m.

CALL TO ORDER 8:12 p.m.

ROLL CALL

City Attorney Tiffany Israel reported all Council Members were present during Closed Session.

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

Absent: None

Kassen Klein:

Spoke on the Ortega property in favor of issuing their
permits with the condition of providing mitigation
limited to the front of their property.
23 City Council May 5, 2026

ANNOUNCEMENT OF CLOSED SESSION ACTION

City Attorney Tiffany Israel reported the following Closed Session Action:

CS1. Case No. 1: No reportable action.

CS1. Case No. 2: No reportable action.

CS2.: No reportable action.

ADJOURNMENT 8:15 p.m.

In memoriam of Linda Wunderlich.

__________________________
Cristal McDonald, City Clerk

24 CITY OF MURRIETA
City Council Meeting Agenda
Report
6/2/2026
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 March 2026

ABSTRACT
The March 2026 Monthly Investment Transaction Report is submitted to the City Council in compliance with California Government Code Section 53607, which requires monthly disclosure of investment activity. The report summarizes the City’slong-term investment activity managed by Chandler Asset Management, short- term investments held with the Local Agency Investment Fund, and earnings from the Wells Fargo Cash Sweep Program and JPMorgan Chase Demand Deposit Account.

As of March 31, 2026, the City’stotal ending book value for investment accounts held with Chandler Asset Management and Local Agency Investment Fund was $218,266,370.90. Additionally, the Cash Sweep and Demand Deposit Account Programs generated $175,058.07 in earnings for March.

RECOMMENDATION
Receive and file the Monthly Investment Transaction Report for March 2026.

PRIOR ACTION/VOTE
None.

STRATEGIC ALIGNMENT
This item aligns with the City Council to maintaining a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency relating to an administrative priority.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

CEQA AND REGULATORY OVERVIEW
This action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) CITY OF MURRIETA Printed on 5/28/2026Page 1 of 3
powered by Legistar™
25 6/2/2026
Agenda Item No. 3.

This action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly.

DISCUSSION
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 short-term investment earnings received from the Wells Fargo Cash Sweep Program and JPMorgan Chase Demand Deposit Account. Bond funds held by the City’sTrustee, US Bank, are not included in this report but are on file and available upon request.

The transactions in the long-term investment portfolio for March 2026 include dispositions of $7,706,229.50 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 $8,282,125.60.

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 January 2026 for the previous quarter. The balance in LAIF, as of March 31, 2026, was $62,164,285.61. The monthly yield on the LAIF portfolio was 3.826%, down 0.045% from the 3.871% earned at the end of February 2026.

As of March 31, 2026, the City’sTotal Ending Book Value (or what the City actually paid for the investments) for both investment accounts (long and short-term accounts) is $218,266,370.90. Both accounts combined had an overall increase of $757,360.18, or 0.35%, which includes any deposits, dispositions, applicable interest earnings, and any realized gain/losses, less monthly fees charged to the account.

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

The total earnings from the Cash Sweep Program for the month of March were $167,537.91.

The City is also earning monthly interest in the General Checking account with JPMorgan. This account allows the City to earn a return on uninvested cash balances in our General Checking Demand Deposit Account. The City has begun earning interest on the funds transferred in January 2026. In February, the account earned $7,520.16 in interest.

Attached are the investment portfolio accounts for Chandler Asset Management for the month of March (Attachment 1) and the regular monthly statement for LAIF (Attachment 2), which lists all transactions associated with the respective accounts. Attachment 3 provides a summary of daily transactions for the Wells Fargo Cash Sweep Program. Lastly, Attachment 4 provides a summary of daily transactions for the new JPMorgan Demand Deposit Account.

CITY OF MURRIETA Printed on 5/28/2026Page 2 of 3
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26 6/2/2026
Agenda Item No. 3.

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 2025/26 Operating Budget.

ATTACHMENTS
ATT 1 - Chandler Asset Management Monthly Account Statement for March 2026 ATT 2 - Local Agency Investment Fund (LAIF) Monthly Statement for March 2026 ATT 3 - Wells Fargo Cash Sweep Program March 2026 Statement ATT 4 - JP Morgan Account Monthly Statement for March 2026 CITY OF MURRIETA Printed on 5/28/2026Page 3 of 3
powered by Legistar™
27 MONTHLY ACCOUNT STATEMENT
City of Murrieta | Account #10703 | As of March 31, 2026 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Custodian:

US Bank
28 | 2
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (02/01/20)
City of Murrieta (0.41%) 0.43% 0.43% 4.18% 4.92% 4.57% 2.26% -- 2.26% Benchmark Return (0.44%) 0.29% 0.29% 3.75% 4.59% 4.04% 1.86% -- 1.91% Average Modified Duration 1.83
Average Coupon 3.88%
Average Purchase YTM 4.32%
Average Market YTM 3.97%
Average Credit Quality* AA+
Average Final Maturity 2.15
Average Life 1.97
End Values as of
02/28/2026
End Values as of
03/31/2026
Market Value 158,378,804.13 157,790,414.73
Accrued Interest 1,245,573.50 1,180,717.39
Total Market Value 159,624,377.63 158,971,132.11
Income Earned 454,777.04 643,165.31
Cont/WD 0.00 0.00
Par 157,958,654.31 158,535,007.12
Book Value 155,344,725.11 156,102,085.29
Cost Value 155,344,725.11 156,102,085.29
United States 37.26%
Federal Home Loan Banks 11.38%
Federal Home Loan Mortgage Corp 9.92%
Farm Credit System 6.00%
Massachusetts Mutual Life Insurance 1.33%
Abbott Laboratories 1.25%
New York Life Insurance Company 1.25%
American Express Credit Master Trust 1.21%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-3 Year US Treasury Index
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 29 | 3
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV) 20.0 9.9 Compliant
Max % Issuer (MV) 30.0 9.9 Compliant
Max Maturity (Years) 5.0 4.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 7.7 Compliant
Max % Issuer (MV) 5.0 0.8 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 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 26.5 Compliant
Max % Issuer (MV) 5.0 1.3 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)
30 | 4
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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 17.4 Compliant
Max % Issuer (MV) 30.0 11.4 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

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

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.1 Compliant
Max % Issuer (MV) 10.0 0.1 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 1.2 Compliant
Max % Issuer (MV) 10.0 1.2 Compliant
Max Maturity (Years) 5 2 Compliant
31 | 5
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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 37.3 Compliant
Max Maturity (Years) 5 4 Compliant
32 | 6
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 155,344,725.11 150,913,261.27
Maturities/Calls 0.00 (17,450,000.00)
Principal Paydowns (334,486.75) (3,254,741.83)
Purchases 8,282,125.60 55,105,990.93
Sales (7,240,617.43) (29,864,493.91)
Change in Cash, Payables, Receivables (131,125.32) (4,088.26) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 181,464.08 656,157.09
Ending Book Value 156,102,085.29 156,102,085.29
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 158,378,804.13 153,376,376.64
Maturities/Calls 0.00 (17,450,000.00)
Principal Paydowns (334,486.75) (3,254,741.83)
Purchases 8,282,125.60 55,105,990.93
Sales (7,240,617.43) (29,864,493.91)
Change in Cash, Payables, Receivables (131,125.32) (4,088.26) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) (1,345,749.58) (774,785.93) Realized Gain (Loss) 181,464.08 656,157.09
Ending Market Value 157,790,414.73 157,790,414.73
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date (17,450,000.00)
Principal Paydowns
Month to Date (334,486.75)
Fiscal Year to Date (3,254,741.83)
Purchases
Month to Date 8,282,125.60
Fiscal Year to Date 55,105,990.93
Sales
Month to Date (7,240,617.43)
Fiscal Year to Date (29,864,493.91)
Interest Received
Month to Date 688,047.00
Fiscal Year to Date 4,573,529.86
Purchased / Sold Interest
Month to Date 19,974.42
Fiscal Year to Date (27,774.67)
33 | 7
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 78,251.21 02/08/2024

5.09%
78,241.43
78,241.43
100.06

4.34%
78,300.90
121.70

0.05%

59.47 NA/AAA
AAA

0.97 0.08
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 213,235.82 06/20/2024

5.19%
212,103.00
212,103.00
100.10

4.06%
213,456.09
176.99

0.14%
1,353.09
Aaa/AAA
NA

0.98 0.11
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 329,666.00 05/17/2024

5.32%
329,627.43
329,627.43
100.53

4.12%
331,412.24
779.48

0.21%
1,784.81
Aaa/NA
AAA

1.80 0.42
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 479,123.06 09/17/2024

4.24%
479,042.42
479,042.42
100.04

4.20%
479,305.12
900.75

0.30%
262.70
NA/AAA
AAA

1.88 0.54
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 705,000.00 05/20/2025

4.58%
704,988.30
704,988.30
100.47

4.11%
708,345.93
986.61

0.45%
3,357.63
NA/AAA
AAA

2.14 0.92
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 811,159.26 02/13/2024

5.21%
811,123.98
811,123.98
100.67

4.14%
816,585.91
1,878.28

0.52%
5,461.94
Aaa/AAA
NA

2.38 0.58
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 09/07/2023

5.23%
1,319,634.10
1,319,634.10
100.54

3.99%
1,327,161.00
3,027.20

0.84%
7,526.90
NA/AAA
AAA

2.46 0.44
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 800,000.00 10/08/2025

3.97%
799,997.76
799,997.76

99.87 4.11%
798,920.00
529.33

0.51%
(1,077.76)
NA/AAA
AAA

2.49 1.26
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 273,251.87 03/11/2024

4.96%
273,236.56
273,236.56
100.58

4.15%
274,845.47
602.37

0.17%
1,608.91
Aaa/NA
AAA

2.63 0.67
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 476,913.26 06/04/2024

5.18%
476,840.82
476,840.82
100.66

4.30%
480,055.17
411.74

0.30%
3,214.35
Aaa/AAA
NA

2.91 0.70
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 770,000.00 05/14/2025

4.61%
769,906.14
769,906.14
100.72

4.21%
775,577.88
1,577.64

0.49%
5,671.74
NA/AAA
AAA

3.04 1.61
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
101.32

3.97%
648,422.40
1,487.64

0.41%
8,553.60
NA/AAA
AAA

3.04 0.99
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 670,000.00 03/04/2025

4.23%
669,957.86
669,957.86
100.28

4.08%
671,871.98
1,259.60

0.43%
1,914.12
Aaa/NA
AAA

3.47 1.49
44935XAD7 HART 2025-B A3 4.36
12/17/2029 585,000.00 06/03/2025

4.36%
584,947.18
584,947.18
100.38

4.15%
587,207.21
1,133.60

0.37%
2,260.03
NA/AAA
AAA

3.71 1.49
92348KDY6 VZMT 2025-3 A1A 4.51
03/20/2030 1,050,000.00 03/25/2025

4.51%
1,049,954.85
1,049,954.85
100.45

4.31%
1,054,691.40
1,446.96

0.67%
4,736.55
Aaa/NA
AAA

3.97 0.93
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 1,255,000.00 05/06/2025

4.28%
1,254,977.28
1,254,977.28
100.35

4.14%
1,259,344.81
2,387.29

0.80%
4,367.53
NA/AAA
AAA

4.04 1.91
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 370,000.00 05/06/2025

4.28%
369,945.54
369,945.54
100.19

4.17%
370,686.35
659.83

0.23%
740.81
Aaa/AAA
NA

4.04 1.28
34 | 8
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030 1,210,000.00 06/03/2025

4.33%
1,209,979.91
1,209,979.91
100.52

4.12%
1,216,284.74
2,333.96

0.77%
6,304.83
NA/AAA
AAA

4.12 1.99
Total ABS 12,036,600.47 4.64%
12,034,373.36
12,034,373.36
100.47

4.13%
12,092,474.60
21,700.97

7.66%
58,101.24

3.08 1.13
AGENCY
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
100.10

3.72%
1,000,979.00
18,868.06

0.63%
3,289.00
Aa1/AA+
AA+

0.10 0.10
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
100.18

3.76%
2,003,674.00
28,763.89

1.27%
5,054.00
Aa1/AA+
AA+

0.20 0.20
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
100.42

3.70%
2,008,310.00
16,944.44

1.27%
830.00
Aa1/AA+
AA+

0.33 0.33
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
100.22

3.88%
2,410,204.42
14,129.38

1.53%
10,735.92
Aa1/AA+
AA+

0.37 0.36
3130AWTQ3 FEDERAL HOME LOAN BANKS

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

4.81%
4,476,030.00
4,476,030.00
100.39

3.73%
4,517,487.00
11,562.50

2.86%
41,457.00
Aa1/AA+
AA+

0.45 0.44
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
100.54

3.74%
1,759,483.25
30,126.74

1.12%
5,055.75
Aa1/AA+
AA+

0.63 0.61
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
100.29

3.75%
2,005,704.00
17,416.67

1.27%
10,144.00
Aa1/AA+
AA+

0.79 0.76
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
100.67

3.80%
1,006,672.00
625.00

0.64%
11,152.00
Aa1/AA+
AA+

0.99 0.96
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
101.00

3.74%
1,514,998.50
34,041.67

0.96%
18,883.50
Aa1/AA+
AA+

1.02 0.97
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
100.80

3.77%
1,007,964.00
16,375.00

0.64%
13,134.00
Aa1/AA+
AA+

1.14 1.08
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 3,000,000.00 03/24/2025

4.02%
3,039,480.00
3,039,480.00
101.21

3.84%
3,036,393.00
7,875.00

1.92%
(3,087.00)
Aa1/AA+
AA+

1.94 1.84
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
100.35

3.83%
2,007,052.00
24,888.89

1.27%
50,112.00
Aa1/AA+
AA+

2.19 2.05
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

99.88 3.80%
1,118,697.44
13,066.67

0.71%
11,454.24
Aa1/AA+
AA+

2.19 2.06
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
101.55

3.84%
2,031,046.00
2,250.00

1.29%
49,586.00
Aa1/AA+
AA+

2.48 2.32
Total Agency 27,275,000.00 4.57%
27,200,864.20
27,200,864.20
100.57

3.78%
27,428,664.61
236,933.89

17.38%
227,800.41

1.03 0.98
35 | 9
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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

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

4.35%
1,890,546.88
1,890,546.88

99.38 3.93%
1,987,628.00
4,421.67

1.26%
97,081.12
Aa1/AA+
AAA

0.40 0.35
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026 849,126.92 09/22/2022

4.23%
818,644.60
818,644.60

99.47 3.93%
844,584.94
2,368.36

0.54%
25,940.35
Aa1/AA+
AAA

0.65 0.56
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 853,926.53 --

4.09%
831,736.83
831,736.83

99.47 3.92%
849,401.57
2,440.81

0.54%
17,664.74
Aa1/AA+
AAA

0.82 0.65
3137F1G44 FHMS K-065 A2 3.243
04/25/2027 1,000,000.00 09/19/2022

4.08%
965,468.75
965,468.75

99.19 3.89%
991,905.00
2,702.50

0.63%
26,436.25
Aa1/AA+
AAA

1.07 0.95
3137FBU79 FHMS K-069 A2 3.187
09/25/2027 1,207,232.73 05/18/2023

4.13%
1,159,650.79
1,159,650.79

98.74 3.97%
1,192,005.90
3,206.21

0.76%
32,355.11
Aa1/AAA
AA+

1.49 1.39
3137F4X72 FHMS K-075 A2 3.65 02/25/2028 1,165,000.00 09/14/2023

4.92%
1,107,478.13
1,107,478.13

99.09 4.06%
1,154,377.53
3,543.54

0.73%
46,899.40
Aa1/AA+
AAA

1.91 1.77
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

99.41 4.08%
1,242,653.75
4,062.50

0.79%
45,388.12
Aa1/AA+
AAA

2.40 2.22
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 2,000,000.00 05/07/2025

4.12%
1,990,703.13
1,990,703.13

99.76 4.08%
1,995,124.00
6,766.67

1.26%
4,420.87
Aaa/AA+
AA+

2.57 2.36
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

95.16 4.12%
1,427,335.50
2,825.00

0.90%
42,003.47
Aa1/AA+
AAA

2.82 2.59
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 2,000,000.00 03/27/2025

4.30%
1,932,500.00
1,932,500.00

98.08 4.09%
1,961,580.00
5,703.33

1.24%
29,080.00
Aa1/AAA
AA+

2.91 2.66
3137HA4B9 FHMS K-751 A2 4.412
03/25/2030 2,000,000.00 03/26/2025

4.37%
1,997,890.63
1,997,890.63
100.60

4.18%
2,011,984.00
7,353.33

1.28%
14,093.37
Aaa/AA+
AA+

3.98 3.29
Total Agency CMBS 15,825,286.17 4.33%
15,277,217.39
15,277,217.39

98.97 4.04%
15,658,580.19
45,393.91

9.92%
381,362.80

2.10 1.88
CASH
CCYUSD Receivable 2,119.98 -- 2,119.98
2,119.98

1.00 2,119.98

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 2,119.98
2,119.98
2,119.98

1.00 2,119.98

0.00 0.00%

0.00 0.00

0.00 CORPORATE
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026 750,000.00 04/04/2023

4.52%
749,482.50
749,482.50
100.01

4.03%
750,072.00
16,031.25

0.48%
589.50
Aa3/AA+
AA+

0.03 0.03
36 | 10
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
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

99.90 4.38%
999,035.00
13,772.22

0.63%
44,815.00
A2/A
A

0.09 0.09
58989V2F0 MET TOWER GLOBAL FUNDING

5.4 06/20/2026 1,000,000.00 06/12/2023

5.38%
1,000,440.00
1,000,440.00
100.29

4.01%
1,002,900.00
15,150.00

0.64%
2,460.00
Aa3/AA-
AA-

0.22 0.22
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00
100.30

4.17%
1,454,368.85
10,373.54

0.92%
2,443.85
A1/A+
NA

0.36 0.35
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 1,000,000.00 09/13/2023

5.57%
998,810.00
998,810.00
100.43

4.34%
1,004,319.00
6,600.50

0.64%
5,509.00
Aa2/A+
AA

0.38 0.29
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
100.53

4.23%
512,698.41
10,237.19

0.32%
2,836.11
A1/A+
NA

0.61 0.50
48125LRU8 JPMORGAN CHASE BANK NA

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

5.08%
1,576,460.00
1,576,460.00
100.56

4.26%
1,583,823.15
25,262.56

1.00%
7,363.15
Aa2/AA-
AA

0.69 0.58
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
100.31

4.08%
1,003,131.00
10,375.00

0.64%
3,671.00
A1/A
A+

0.77 0.74
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
100.52

4.20%
1,251,502.64
12,138.75

0.79%
6,813.89
A1/A
AA-

0.80 0.77
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
100.61

4.10%
1,509,123.00
7,000.00

0.96%
8,313.00
A1/AA-
NA

0.91 0.79
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
100.68

4.26%
1,218,280.03
2,181.66

0.77%
8,280.03
Aa3/A
AA-

0.96 0.85
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

99.88 4.11%
998,806.00
15,666.67

0.63%
8,346.00
A2/A+
A+

1.11 1.06
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

97.63 4.03%
1,464,415.50
10,483.33

0.93%
92,470.50
A2/A
NA

1.12 1.09
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60
100.96

4.06%
747,138.04
9,620.00

0.47%
8,592.44
A2/A
A

1.24 1.10
09290DAH4 BLACKROCK INC 4.6 07/26/2027 750,000.00 07/18/2024

4.57%
750,645.00
750,645.00
100.68

4.06%
755,094.75
6,229.17

0.48%
4,449.75
Aa3/AA-
NA

1.32 1.18
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
100.13

4.05%
1,251,573.75
6,772.57

0.79%
(63.75)
Aa3/A+
NA

1.37 1.23
023135BC9 AMAZON.COM INC 3.15
08/22/2027 1,000,000.00 07/30/2024

4.55%
960,450.00
960,450.00

98.79 4.05%
987,901.00
3,412.50

0.63%
27,451.00
A1/AA
AA-

1.39 1.34
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
100.57

4.15%
1,005,697.00
1,390.28

0.64%
15,797.00
A1/A+
A+

1.47 1.41
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

99.50 4.25%
994,994.00
19,500.00

0.63%
(4,826.00)
Aa1/AA+
AAA

1.50 1.44
37 | 11
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
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

98.19 4.18%
1,227,313.75
17,003.47

0.78%
38,013.75
A2/A+
A

1.54 1.46
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 700,000.00 01/06/2025

4.66%
699,790.00
699,790.00
100.91

4.10%
706,398.70
7,595.00

0.45%
6,608.70
A1/A
A+

1.77 1.67
64952WCX9 NEW YORK LIFE GLOBAL
FUNDING 3.0 01/10/2028 1,000,000.00 08/26/2025

4.04%
976,720.00
976,720.00

97.91 4.23%
979,085.00
6,750.00

0.62%
2,365.00
Aa1/AA+
AAA

1.78 1.69
63743HFW7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.75 02/07/2028
1,500,000.00 06/17/2025

4.40%
1,512,345.00
1,512,345.00
100.74

4.33%
1,511,104.50
10,687.50

0.96%
(1,240.50)
A2/NA
A

1.86 1.67
57629TBW6 MASSMUTUAL GLOBAL
FUNDING II 4.45 03/27/2028 1,340,000.00 03/20/2025

4.49%
1,338,405.40
1,338,405.40
100.32

4.28%
1,344,274.60
662.56

0.85%
5,869.20
Aa3/AA+
AA+

1.99 1.88
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

98.82 4.30%
741,136.50
11,562.50

0.47%
26,131.50
A1/A
NA

2.08 1.95
90331HPS6 US BANK NA 4.73 05/15/2028 1,330,000.00 05/12/2025

4.88%
1,330,000.00
1,330,000.00
100.36

4.47%
1,334,835.88
23,765.62

0.85%
4,835.88
A2/A+
A+

2.12 1.06
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
100.40

4.20%
1,506,010.50
24,933.33

0.95%
21,985.50
Aa2/A+
AA-

2.12 1.83
87612EBU9 TARGET CORP 4.35 06/15/2028 570,000.00 06/05/2025

4.35%
569,994.30
569,994.30
100.47

4.12%
572,652.21
7,300.75

0.36%
2,657.91
A2/A
A

2.21 1.98
26444HAE1 DUKE ENERGY FLORIDA LLC 3.8
07/15/2028 1,000,000.00 06/04/2025

4.32%
985,120.00
985,120.00

99.03 4.24%
990,346.00
8,022.22

0.63%
5,226.00
A1/A
NA

2.29 2.15
66815L2X6

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.125
08/25/2028
1,000,000.00 08/25/2025

4.03%
1,002,660.00
1,002,660.00

99.67 4.27%
996,696.00
4,125.00

0.63%
(5,964.00)
Aa1/AA+
AAA

2.40 2.25
74456QBX3 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.65 09/01/2028 1,000,000.00 07/24/2025

4.23%
983,400.00
983,400.00

98.62 4.26%
986,202.00
3,041.67

0.63%
2,802.00
A1/A
NA

2.42 2.28
437076DH2 HOME DEPOT INC 3.75
09/15/2028 570,000.00 09/08/2025

3.77%
569,629.50
569,629.50

99.36 4.02%
566,367.96
950.00

0.36%
(3,261.54)
A2/A
A

2.46 2.32
14913UBD1 CATERPILLAR FINANCIAL
SERVICES CORP 3.95 11/14/2028 1,000,000.00 11/26/2025

3.83%
1,003,180.00
1,003,180.00

99.52 4.14%
995,213.00
15,031.94

0.63%
(7,967.00)
A2/A
A+

2.62 2.43
58989V2M5 MET TOWER GLOBAL FUNDING

4.0 01/14/2029 750,000.00 01/07/2026

4.05%
749,032.50
749,032.50

98.95 4.40%
742,137.75
6,416.67

0.47%
(6,894.75)
Aa3/AA-
AA-

2.79 2.59
713448GL6 PEPSICO INC 4.1 01/15/2029 1,000,000.00 07/24/2025

4.19%
997,190.00
997,190.00

99.94 4.12%
999,422.00
8,655.56

0.63%
2,232.00
A1/A+
NA

2.79 2.59
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 1,500,000.00 01/24/2025

4.96%
1,501,860.00
1,501,860.00
100.90

4.43%
1,513,452.00
13,344.00

0.96%
11,592.00
A2/A-
AA-

2.83 1.71
38 | 12
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
02079KBJ5 ALPHABET INC 3.7 02/15/2029 570,000.00 02/09/2026

3.83%
567,930.90
567,930.90

99.14 4.02%
565,101.42
2,812.00

0.36%
(2,829.48)
Aa2/AA+
NA

2.88 2.68
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 2,000,000.00 03/23/2026

4.17%
1,974,180.00
1,974,180.00

98.81 4.13%
1,976,212.00
4,522.22

1.25%
2,032.00
Aa3/A+
NA

2.94 2.75
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 580,000.00 10/17/2025

4.36%
580,000.00
580,000.00

98.84 4.61%
573,270.84
10,587.37

0.36%
(6,729.16)
A1/A-
A+

3.55 2.35
06406RCG0 BANK OF NEW YORK MELLON
CORP 4.026 01/22/2030 535,000.00 01/14/2026

4.09%
535,000.00
535,000.00

99.00 4.36%
529,644.65
4,128.33

0.34%
(5,355.35)
Aa3/A
AA-

3.81 2.61
Total Corporate 41,925,000.00 4.58%
41,514,329.25
41,514,329.25

99.83 4.20%
41,851,750.38
394,094.90

26.52%
337,421.13

1.64 1.43

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 136,000.50 --

3.55%
136,000.50
136,000.50

1.00 3.55%
136,000.50

0.00 0.09%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 136,000.50 3.55%
136,000.50
136,000.50

1.00 3.55%
136,000.50

0.00 0.09%

0.00 0.00

0.00 SUPRANATIONAL
459058LT8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.625 05/05/2028
1,335,000.00 04/29/2025

3.70%
1,332,036.30
1,332,036.30

99.62 3.81%
1,329,969.72
19,626.35

0.84%
(2,066.58)
Aaa/AAA
NA

2.10 1.97
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

99.32 3.81%
496,580.00
3,840.28

0.31%
13,465.00
Aaa/AAA
NA

2.28 2.15
Total
Supranational 1,835,000.00 3.86%
1,815,151.30
1,815,151.30

99.54 3.81%
1,826,549.72
23,466.63

1.16%
11,398.42

2.15 2.02

US TREASURY
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

98.92 3.77%
2,967,552.00
22,707.18

1.88%
200,520.75
Aa1/AA+
AA+

0.63 0.61
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

98.60 3.84%
1,971,954.00
9,116.02

1.25%
84,844.62
Aa1/AA+
AA+

1.33 1.29
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

99.02 3.84%
2,475,487.50
6,793.48

1.57%
30,370.31
Aa1/AA+
AA+

1.42 1.36
39 | 13
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
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
100.41

3.84%
1,606,563.20
180.33

1.02%
11,063.20
Aa1/AA+
AA+

1.50 1.44
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

97.51 3.85%
1,365,163.80
11,921.27

0.87%
66,226.30
Aa1/AA+
AA+

1.63 1.56
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

99.43 3.82%
1,491,445.50
8,701.66

0.95%
24,375.19
Aa1/AA+
AA+

1.84 1.75
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

98.08 3.82%
2,697,255.00
9,400.90

1.71%
12,997.19
Aa1/AA+
AA+

1.88 1.80
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

97.89 3.81%
2,447,265.00
8,934.74

1.55%
72,460.31
Aa1/AA+
AA+

2.38 2.26
91282CNY3 UNITED STATES TREASURY 3.375
09/15/2028 3,000,000.00 09/29/2025

3.64%
2,978,203.13
2,978,203.13

98.97 3.82%
2,969,064.00
4,677.31

1.88%
(9,139.13)
Aa1/AA+
AA+

2.46 2.33
91282CPC9 UNITED STATES TREASURY 3.5
10/15/2028 2,500,000.00 11/10/2025

3.58%
2,494,433.59
2,494,433.59

99.22 3.82%
2,480,567.50
40,384.62

1.57%
(13,866.09)
Aa1/AA+
AA+

2.54 2.37
91282CDF5 UNITED STATES TREASURY 1.375
10/31/2028 2,500,000.00 09/16/2025

3.50%
2,344,433.59
2,344,433.59

94.04 3.82%
2,350,977.50
14,433.70

1.49%
6,543.91
Aa1/AA+
AA+

2.59 2.48
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

98.26 3.83%
1,965,156.00
23,653.31

1.25%
94,531.00
Aa1/AA+
AA+

2.63 2.46
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 2,300,000.00 12/30/2025

3.50%
2,299,820.31
2,299,820.31

99.17 3.82%
2,280,953.70
23,663.46

1.45%
(18,866.61)
Aa1/AA+
AA+

2.71 2.53
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,250,000.00 01/30/2025

4.31%
2,244,726.56
2,244,726.56
101.15

3.83%
2,275,839.00
8,315.22

1.44%
31,112.44
Aa1/AA+
AA+

2.91 2.71
91282CEM9 UNITED STATES TREASURY 2.875
04/30/2029 2,750,000.00 10/30/2025

3.64%
2,681,787.11
2,681,787.11

97.22 3.84%
2,673,517.00
33,197.51

1.69%
(8,270.11)
Aa1/AA+
AA+

3.08 2.88
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 10/29/2024

4.10%
1,991,093.75
1,991,093.75
100.45

3.86%
2,008,906.00
13,259.67

1.27%
17,812.25
Aa1/AA+
AA+

3.33 3.08
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

97.64 3.87%
2,685,223.75
7,472.83

1.70%
66,493.28
Aa1/AA+
AA+

3.42 3.19
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 1,700,000.00 02/12/2025

4.49%
1,665,203.13
1,665,203.13
100.40

3.88%
1,706,772.80
28,552.49

1.08%
41,569.67
Aa1/AA+
AA+

3.59 3.25
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 3,000,000.00 03/24/2025

4.06%
2,976,679.69
2,976,679.69

99.98 3.88%
2,999,298.00
38,962.91

1.90%
22,618.31
Aa1/AA+
AA+

3.67 3.34
91282CGB1 UNITED STATES TREASURY 3.875
12/31/2029 3,000,000.00 07/30/2025

3.91%
2,995,312.50
2,995,312.50

99.93 3.89%
2,998,008.00
29,223.07

1.90%
2,695.50
Aa1/AA+
AA+

3.75 3.43
91282CGJ4 UNITED STATES TREASURY 3.5
01/31/2030 3,000,000.00 02/25/2026

3.55%
2,994,375.00
2,994,375.00

98.61 3.89%
2,958,282.00
17,403.31

1.87%
(36,093.00)
Aa1/AA+
AA+

3.84 3.53
40 | 14
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030 3,000,000.00 12/09/2025

3.75%
2,969,296.88
2,969,296.88

98.48 3.91%
2,954,298.00
44,088.40

1.87%
(14,998.88)
Aa1/AA+
AA+

4.08 3.71
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 3,500,000.00 03/13/2026

3.83%
3,488,789.06
3,488,789.06

99.39 3.91%
3,478,671.00
43,990.38

2.20%
(10,118.06)
Aa1/AA+
AA+

4.17 3.77
91282CHR5 UNITED STATES TREASURY 4.0
07/31/2030 1,500,000.00 03/26/2026

4.02%
1,498,945.31
1,498,945.31
100.32

3.92%
1,504,746.00
9,944.75

0.95%
5,800.69
Aa1/AA+
AA+

4.33 3.92
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 1,500,000.00 01/29/2026

3.79%
1,489,746.09
1,489,746.09

98.75 3.93%
1,481,308.50
148.57

0.94%
(8,437.59)
Aa1/AA+
AA+

4.50 4.11
Total US Treasury 59,500,000.00 3.95%
58,122,029.30
58,122,029.30

98.83 3.85%
58,794,274.75
459,127.08

37.26%
672,245.45

2.85 2.64
Total Portfolio 158,535,007.12 4.32%
156,102,085.29
156,102,085.29

99.46 3.97%
157,790,414.73
1,180,717.39
100.00%
1,688,329.44

2.15 1.83
Total Market Value
+ Accrued 158,971,132.11
41 | 15
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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 03/02/2026 31846V567 148,093.75 FIRST AMER:GVT OBLG Z 1.000 3.56% (148,093.75) 0.00 (148,093.75) 0.00
Purchase 03/03/2026 31846V567 3,401.55 FIRST AMER:GVT OBLG Z 1.000 3.58% (3,401.55) 0.00 (3,401.55) 0.00
Purchase 03/10/2026 31846V567 67,500.00 FIRST AMER:GVT OBLG Z 1.000 3.54% (67,500.00) 0.00 (67,500.00) 0.00
Purchase 03/11/2026 31846V567 104,062.50 FIRST AMER:GVT OBLG Z 1.000 3.54% (104,062.50) 0.00 (104,062.50) 0.00
Purchase 03/16/2026 91282CHF1 3,500,000.00

UNITED STATES
TREASURY 3.75
05/31/2030

99.680 3.83% (3,488,789.06) (38,221.15) (3,527,010.21) 0.00 Purchase 03/16/2026 31846V567 51,944.67 FIRST AMER:GVT OBLG Z 1.000 3.54% (51,944.67) 0.00 (51,944.67) 0.00
Purchase 03/16/2026 31846V567 456,269.57 FIRST AMER:GVT OBLG Z 1.000 3.54% (456,269.57) 0.00 (456,269.57) 0.00
Purchase 03/18/2026 31846V567 30,207.65 FIRST AMER:GVT OBLG Z 1.000 3.53% (30,207.65) 0.00 (30,207.65) 0.00
Purchase 03/20/2026 31846V567 74,103.77 FIRST AMER:GVT OBLG Z 1.000 3.53% (74,103.77) 0.00 (74,103.77) 0.00
Purchase 03/20/2026 31846V567 3,946.25 FIRST AMER:GVT OBLG Z 1.000 3.53% (3,946.25)

0.00 (3,946.25) 0.00
Purchase 03/23/2026 31846V567 45,000.00 FIRST AMER:GVT OBLG Z 1.000 3.53% (45,000.00) 0.00 (45,000.00) 0.00
Purchase 03/24/2026 002824BR0 2,000,000.00 ABBOTT LABORATORIES

3.7 03/09/2029 98.709 4.17% (1,974,180.00) (3,083.34) (1,977,263.34) 0.00 Purchase 03/24/2026 31846V567 55,781.82 FIRST AMER:GVT OBLG Z 1.000 3.53% (55,781.82) 0.00 (55,781.82) 0.00
Purchase 03/25/2026 31846V567 193,476.90 FIRST AMER:GVT OBLG Z 1.000 3.53% (193,476.90) 0.00 (193,476.90) 0.00
Purchase 03/26/2026 31846V567 21,500.00 FIRST AMER:GVT OBLG Z 1.000 3.55% (21,500.00) 0.00 (21,500.00) 0.00
Purchase 03/26/2026 31846V567 4,735.30 FIRST AMER:GVT OBLG Z 1.000 3.55% (4,735.30) 0.00 (4,735.30) 0.00
42 | 16
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Purchase 03/27/2026 91282CHR5 1,500,000.00

UNITED STATES
TREASURY 4.0
07/31/2030

99.930 4.02% (1,498,945.31) (9,116.02) (1,508,061.33) 0.00 Purchase 03/31/2026 31846V567 60,187.50 FIRST AMER:GVT OBLG Z 1.000 3.55% (60,187.50) 0.00 (60,187.50) 0.00
Total Purchase 8,320,211.23 (8,282,125.60) (50,420.51) (8,332,546.11) 0.00 TOTAL
ACQUISITIONS 8,320,211.23 (8,282,125.60) (50,420.51) (8,332,546.11) 0.00

DISPOSITIONS
Sale 03/16/2026 91282CEF4 (2,500,000.00)

UNITED STATES
TREASURY 2.5
03/31/2027

98.809 4.02% 2,470,214.84 (28,674.45) 2,498,889.29 120,800.78 Sale 03/16/2026 91282CEW7 (1,300,000.00)

UNITED STATES
TREASURY 3.25
06/30/2027

99.391 3.87% 1,292,078.13 (8,753.45) 1,300,831.58 25,390.63 Sale 03/24/2026 91282CGV7 (2,000,000.00)

UNITED STATES
TREASURY 3.75
04/15/2026
100.004 4.63% 2,000,078.13 (32,967.03) 2,033,045.16 34,375.00 Sale 03/27/2026 31846V567 (1,478,246.33) FIRST AMER:GVT OBLG Z 1.000 3.55% 1,478,246.33 0.00 1,478,246.33 0.00
Total Sale (7,278,246.33) 7,240,617.43 (70,394.93) 7,311,012.36 180,566.41 TOTAL
DISPOSITIONS (7,278,246.33) 7,240,617.43 (70,394.93) 7,311,012.36 180,566.41 OTHER

TRANSACTIONS
Coupon 03/01/2026 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.94% 4,062.50 0.00 4,062.50 0.00
Coupon 03/01/2026 3137F4X72

0.00 FHMS K-075 A2 3.65
02/25/2028 4.92% 3,543.54 0.00 3,543.54 0.00
Coupon 03/01/2026 3137HA4B9 0.00 FHMS K-751 A2 4.412
03/25/2030 4.37% 7,353.33 0.00 7,353.33 0.00
43 | 17
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/01/2026 3137BSP72 0.00 FHMS K-058 A2 2.653
08/25/2026 4.35% 4,421.67 0.00 4,421.67 0.00
Coupon 03/01/2026 3137FLMV3 0.00 FHMS K-090 A2 3.422
02/25/2029 4.30% 5,703.33 0.00 5,703.33 0.00
Coupon 03/01/2026 3137BTUM1 0.00 FHMS K-061 A2 3.347
11/25/2026 4.23% 2,381.52 0.00 2,381.52 0.00
Coupon 03/01/2026 74456QBX3 0.00

PUBLIC SERVICE

ELECTRIC AND GAS CO

3.65 09/01/2028

4.23% 18,250.00 0.00 18,250.00 0.00
Coupon 03/01/2026 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.13% 3,212.85 0.00 3,212.85 0.00
Coupon 03/01/2026 3137FK4M5 0.00 FHMS K-085 A2 4.06
10/25/2028 4.12% 6,766.67 0.00 6,766.67 0.00
Coupon 03/01/2026 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.12% 2,825.00 0.00 2,825.00 0.00
Coupon 03/01/2026 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.09% 2,447.35 0.00 2,447.35 0.00
Coupon 03/01/2026 3137F1G44 0.00 FHMS K-065 A2 3.243
04/25/2027 4.08% 2,702.50 0.00 2,702.50 0.00
Coupon 03/10/2026 3130ATS57 0.00 FEDERAL HOME LOAN
BANKS 4.5 03/10/2028 4.02% 67,500.00 0.00 67,500.00 0.00 Coupon 03/11/2026 3130AWTQ3 0.00

FEDERAL HOME
LOAN BANKS 4.625
09/11/2026

4.81%
104,062.50 0.00 104,062.50 0.00
Coupon 03/15/2026 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 03/15/2026 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 03/15/2026 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 5,676.00 0.00 5,676.00 0.00
Coupon 03/15/2026 437918AC9 0.00 HAROT 2024-1 A3 5.21
08/15/2028 5.21% 3,808.22 0.00 3,808.22 0.00
Coupon 03/15/2026 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.96% 1,190.51 0.00 1,190.51 0.00
44 | 18
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/15/2026 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.61% 2,958.08 0.00 2,958.08 0.00
Coupon 03/15/2026 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 2,125.50 0.00 2,125.50 0.00
Coupon 03/15/2026 92970QAJ4 0.00 WFCIT 2025-1 A 4.34
05/15/2030 4.33% 4,376.17 0.00 4,376.17 0.00
Coupon 03/15/2026 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 4,476.17 0.00 4,476.17 0.00
Coupon 03/15/2026 58769GAD5 0.00 MBALT 2024-B A3 4.23
02/15/2028 4.24% 1,825.15 0.00 1,825.15 0.00
Coupon 03/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 2,361.75 0.00 2,361.75 0.00
Coupon 03/15/2026 437076DH2 0.00 HOME DEPOT INC 3.75
09/15/2028 3.77% 10,687.50 0.00 10,687.50 0.00
Coupon 03/15/2026 91282CNY3 0.00

UNITED STATES
TREASURY 3.375
09/15/2028

3.64% 50,625.00 0.00 50,625.00 0.00
Coupon 03/16/2026 362549AD9 0.00 GMCAR 2025-2 A3 4.28
04/16/2030 4.28% 1,319.67 0.00 1,319.67 0.00
Coupon 03/18/2026 857477CL5 0.00 STATE STREET CORP

4.993 03/18/2027 4.99% 30,207.65 0.00 30,207.65 0.00
Coupon 03/20/2026 36269FAD8 0.00 GMALT 2024-1 A3 5.09
03/22/2027 5.09% 536.05

0.00 536.05 0.00
Coupon 03/20/2026 89236TKJ3 0.00 TOYOTA MOTOR CREDIT
CORP 4.55 09/20/2027 4.89% 22,750.00 0.00 22,750.00 0.00 Coupon 03/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.58% 2,690.75 0.00 2,690.75 0.00
Coupon 03/20/2026 92348KDY6 0.00 VZMT 2025-3 A1A 4.51
03/20/2030 4.51% 3,946.25 0.00 3,946.25 0.00
Coupon 03/22/2026 3133EPWK7 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 09/22/2028

4.71% 45,000.00 0.00 45,000.00 0.00
Coupon 03/25/2026 05611UAD5 0.00 BMWLT 2024-1 A3 4.98
03/25/2027 5.19% 1,311.74 0.00 1,311.74 0.00
45 | 19
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/25/2026 096919AD7 0.00 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 2,206.61 0.00 2,206.61 0.00
Coupon 03/25/2026 05594HAD5 0.00 BMWLT 2025-2 A3 3.97
09/25/2028 3.97% 2,646.67 0.00 2,646.67 0.00
Coupon 03/26/2026 3133EP6K6 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 03/26/2027

4.66% 22,500.00 0.00 22,500.00 0.00
Coupon 03/27/2026 57629TBW6 0.00

MASSMUTUAL GLOBAL
FUNDING II 4.45
03/27/2028

4.49% 29,815.00 0.00 29,815.00 0.00
Coupon 03/31/2026 91282CFM8 0.00

UNITED STATES
TREASURY 4.125
09/30/2027

4.19% 33,000.00 0.00 33,000.00 0.00
Coupon 03/31/2026 91282CPA3 0.00

UNITED STATES
TREASURY 3.625
09/30/2030

3.79% 27,187.50 0.00 27,187.50 0.00
Total Coupon 0.00 554,801.70 0.00 554,801.70 0.00
Custody Fee 03/26/2026 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 03/31/2026 31846V567 0.00 FIRST AMER:GVT OBLG
Z 3.55% 2,119.98 0.00 2,119.98 0.00
Total Dividend 0.00 2,119.98 0.00 2,119.98 0.00
Principal Paydown 03/01/2026 3137BTUM1 4,719.97 FHMS K-061 A2 3.347 11/25/2026 4.23% 4,719.97 -- 4,719.97
169.44
Principal Paydown 03/01/2026 3137FBU79 2,502.08 FHMS K-069 A2 3.187 09/25/2027 4.13% 2,502.08 -- 2,502.08 98.62
Principal Paydown 03/01/2026 3137BVZ82 2,287.95 FHMS K-063 A2 3.43 01/25/2027 4.09% 2,287.95 -- 2,287.95 59.45
Principal Paydown 03/15/2026 58770JAD6 20,334.00 MBALT 2024-A A3 5.32 01/18/2028 5.32% 20,334.00 -- 20,334.00 2.38
Principal Paydown 03/15/2026 437918AC9 65,974.01 HAROT 2024-1 A3 5.21 08/15/2028 5.21% 65,974.01 -- 65,974.01 2.86
Principal Paydown 03/15/2026 47800RAD5 14,774.07 JDOT 2024 A3 4.96 11/15/2028 4.96% 14,774.07 -- 14,774.07 0.83
46 | 20
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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 03/15/2026 58769GAD5 38,650.78 MBALT 2024-B A3 4.23 02/15/2028 4.24% 38,650.78 -- 38,650.78 6.50
Principal Paydown 03/20/2026 36269FAD8 48,126.97 GMALT 2024-1 A3 5.09 03/22/2027 5.09% 48,126.97 -- 48,126.97 6.01
Principal Paydown 03/25/2026 05611UAD5 102,845.94 BMWLT 2024-1 A3 4.98 03/25/2027 5.19% 102,845.94 -- 102,845.94 546.37
Principal Paydown 03/25/2026 096919AD7 34,270.98 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 34,270.98 -- 34,270.98 5.21
Total Principal
Paydown 334,486.75 334,486.75 -- 334,486.75 897.67

TOTAL OTHER
TRANSACTIONS 333,486.75 890,408.43 0.00 890,408.43 897.67 47 | 21
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH & EQUIVALENTS
31846V567 FIRST AMER:GVT OBLG Z
136,000.50
294,035.60
1,320,211.23
(1,478,246.33)
136,000.50

0.00 3,401.55

0.00 0.00

0.00 3,401.55
3,401.55
CCYUSD Receivable
2,119.98
133,245.30

0.00 0.00
2,119.98

0.00 0.00

0.00 Total Cash & Equivalents 138,120.48
427,280.90
1,320,211.23
(1,478,246.33)
138,120.48

0.00 3,401.55

0.00 0.00

0.00 3,401.55 3,401.55

FIXED INCOME
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029
03/23/2026
03/24/2026
2,000,000.00

0.00 1,974,180.00

0.00 (3,083.34)
4,522.22
1,438.88

0.00 0.00

0.00 1,438.88
1,438.88
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
10,980.56

0.00 13,772.22
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
8,170.83

0.00 10,483.33
2,312.50

0.00 0.00

0.00 2,312.50
2,312.50
02079KBJ5 ALPHABET INC 3.7
02/15/2029
02/09/2026
02/13/2026
570,000.00
567,930.90

0.00 0.00
567,930.90
1,054.50

0.00 2,812.00
1,757.50

0.00 0.00

0.00 1,757.50
1,757.50
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
787.50

0.00 3,412.50
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
48 | 22
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029
04/16/2024
04/23/2024
640,000.00
639,868.80

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

0.00 0.00

0.00 2,789.33
2,789.33
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030
05/06/2025
05/13/2025
1,255,000.00
1,254,977.28

0.00 0.00
1,254,977.28
2,387.29
4,476.17
2,387.29
4,476.17

0.00 0.00

0.00 4,476.17
4,476.17
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028
10/08/2025
10/15/2025
800,000.00
799,997.76

0.00 0.00
799,997.76
529.33
2,646.67
529.33
2,646.67

0.00 0.00

0.00 2,646.67
2,646.67
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027
06/20/2024
06/21/2024
213,235.82
314,402.58

0.00 (102,299.57)
212,103.00
262.35
1,311.74
176.99
1,226.38

0.00 0.00

0.00 1,226.38
1,226.38
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029
01/24/2025
01/27/2025
1,500,000.00
1,501,860.00

0.00 0.00
1,501,860.00
7,089.00

0.00 13,344.00
6,255.00

0.00 0.00

0.00 6,255.00
6,255.00
06406RCG0 BANK OF NEW YORK MELLON
CORP 4.026 01/22/2030
01/14/2026
01/22/2026
535,000.00
535,000.00

0.00 0.00
535,000.00
2,333.40

0.00 4,128.33
1,794.93

0.00 0.00

0.00 1,794.93
1,794.93
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
1,995.50

0.00 6,600.50
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
3,354.17

0.00 6,229.17
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
476,913.26
511,106.59

0.00 (34,265.77)
476,840.82
441.32
2,206.61
411.74
2,177.02

0.00 0.00

0.00 2,177.02
2,177.02
49 | 23
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CATERPILLAR FINANCIAL
SERVICES CORP 3.95
11/14/2028
11/26/2025
11/28/2025
1,000,000.00
1,003,180.00

0.00 0.00
1,003,180.00
11,740.28

0.00 15,031.94
3,291.67

0.00 0.00

0.00 3,291.67
3,291.67
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
1,000.00

0.00 7,000.00
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
6,625.00

0.00 10,375.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
24422EXZ7 JOHN DEERE CAPITAL CORP

4.65 01/07/2028
01/06/2025
01/09/2025
700,000.00
699,790.00

0.00 0.00
699,790.00
4,882.50

0.00 7,595.00
2,712.50

0.00 0.00

0.00 2,712.50
2,712.50
26444HAE1 DUKE ENERGY FLORIDA LLC

3.8 07/15/2028
06/04/2025
06/05/2025
1,000,000.00
985,120.00

0.00 0.00
985,120.00
4,855.56

0.00 8,022.22
3,166.67

0.00 0.00

0.00 3,166.67
3,166.67
3130ATS57

FEDERAL HOME LOAN BANKS

4.5 03/10/2028
03/24/2025
03/25/2025
3,000,000.00
3,039,480.00

0.00 0.00
3,039,480.00
64,125.00
67,500.00
7,875.00
11,250.00

0.00 0.00

0.00 11,250.00
11,250.00
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
9,566.67

0.00 13,066.67
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
18,222.22

0.00 24,888.89
6,666.67

0.00 0.00

0.00 6,666.67
6,666.67
50 | 24
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
20,847.22

0.00 28,763.89
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
98,281.25
104,062.50
11,562.50
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
23,381.94

0.00 30,126.74
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
10,541.67

0.00 17,416.67
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
28,104.17

0.00 34,041.67
5,937.50

0.00 0.00

0.00 5,937.50
5,937.50
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
19,375.00
22,500.00
625.00
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
5,110.63

0.00 14,129.38
9,018.75

0.00 0.00

0.00 9,018.75
9,018.75
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
39,750.00
45,000.00
2,250.00
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
8,611.11

0.00 16,944.44
8,333.33

0.00 0.00

0.00 8,333.33
8,333.33
51 | 25
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

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
14,909.72

0.00 18,868.06
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
12,625.00

0.00 16,375.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
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
849,126.92
823,195.13

0.00 (4,550.53)
818,644.60
2,381.52
2,381.52
2,368.36
2,368.36

0.00 0.00

0.00 2,368.36
2,368.36
3137BVZ82 FHMS K-063 A2 3.43
01/25/2027 853,926.53
833,965.33

0.00 (2,228.50)
831,736.83
2,447.35
2,447.35
2,440.81
2,440.81

0.00 0.00

0.00 2,440.81
2,440.81
3137F1G44 FHMS K-065 A2 3.243
04/25/2027
09/19/2022
09/22/2022
1,000,000.00
965,468.75

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

0.00 0.00

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

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

0.00 0.00

0.00 3,543.54
3,543.54
3137FBU79 FHMS K-069 A2 3.187
09/25/2027
05/18/2023
05/23/2023
1,207,232.73
1,162,054.24

0.00 (2,403.46)
1,159,650.79
3,212.85
3,212.85
3,206.21
3,206.20

0.00 0.00

0.00 3,206.20
3,206.20
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
52 | 26
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
3137FK4M5 FHMS K-085 A2 4.06
10/25/2028
05/07/2025
05/12/2025
2,000,000.00
1,990,703.13

0.00 0.00
1,990,703.13
6,766.67
6,766.67
6,766.67
6,766.67

0.00 0.00

0.00 6,766.67
6,766.67
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029
03/27/2025
03/31/2025
2,000,000.00
1,932,500.00

0.00 0.00
1,932,500.00
5,703.33
5,703.33
5,703.33
5,703.33

0.00 0.00

0.00 5,703.33
5,703.33
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
3137HA4B9 FHMS K-751 A2 4.412
03/25/2030
03/26/2025
03/31/2025
2,000,000.00
1,997,890.63

0.00 0.00
1,997,890.63
7,353.33
7,353.33
7,353.33
7,353.33

0.00 0.00

0.00 7,353.33
7,353.33
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
19,433.33

0.00 24,933.33
5,500.00

0.00 0.00

0.00 5,500.00
5,500.00
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030
05/06/2025
05/14/2025
370,000.00
369,945.54

0.00 0.00
369,945.54
659.83
1,319.67
659.83
1,319.67

0.00 0.00

0.00 1,319.67
1,319.67
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027
02/08/2024
02/15/2024
78,251.21
126,362.39

0.00 (48,120.96)
78,241.43
196.55
536.05
121.70
461.20

0.00 0.00

0.00 461.20
461.20
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028
05/20/2025
05/29/2025
705,000.00
704,988.30

0.00 0.00
704,988.30
986.61
2,690.75
986.61
2,690.75

0.00 0.00

0.00 2,690.75
2,690.75
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
6,613.75

0.00 9,620.00
3,006.25

0.00 0.00

0.00 3,006.25
3,006.25
53 | 27
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
437076DH2 HOME DEPOT INC 3.75
09/15/2028
09/08/2025
09/15/2025
570,000.00
569,629.50

0.00 0.00
569,629.50
9,856.25
10,687.50
950.00
1,781.25

0.00 0.00

0.00 1,781.25
1,781.25
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028
02/13/2024
02/21/2024
811,159.26
877,095.12

0.00 (65,971.15)
811,123.98
2,031.05
3,808.22
1,878.28
3,655.45

0.00 0.00

0.00 3,655.45
3,655.45
44935XAD7 HART 2025-B A3 4.36
12/17/2029
06/03/2025
06/11/2025
585,000.00
584,947.18

0.00 0.00
584,947.18
1,133.60
2,125.50
1,133.60
2,125.50

0.00 0.00

0.00 2,125.50
2,125.50
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
2,381.94

0.00 3,840.28
1,458.33

0.00 0.00

0.00 1,458.33
1,458.33
459058LT8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.625 05/05/2028
04/29/2025
05/06/2025
1,335,000.00
1,332,036.30

0.00 0.00
1,332,036.30
15,593.54

0.00 19,626.35
4,032.81

0.00 0.00

0.00 4,032.81
4,032.81
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
670,000.00
669,957.86

0.00 0.00
669,957.86
1,259.60
2,361.75
1,259.60
2,361.75

0.00 0.00

0.00 2,361.75
2,361.75
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
03/11/2024
03/19/2024
273,251.87
288,009.80

0.00 (14,773.24)
273,236.56
634.94
1,190.51
602.37
1,157.94

0.00 0.00

0.00 1,157.94
1,157.94
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
18,555.69

0.00 25,262.56
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
2,449.65

0.00 6,772.57
4,322.92

0.00 0.00

0.00 4,322.92
4,322.92
54 | 28
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
57629TBW6 MASSMUTUAL GLOBAL
FUNDING II 4.45 03/27/2028
03/20/2025
03/27/2025
1,340,000.00
1,338,405.40

0.00 0.00
1,338,405.40
25,508.39
29,815.00
662.56
4,969.17

0.00 0.00

0.00 4,969.17
4,969.17
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
13,218.75

0.00 16,031.25
2,812.50

0.00 0.00

0.00 2,812.50
2,812.50
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029
05/14/2025
05/21/2025
770,000.00
769,906.14

0.00 0.00
769,906.14
1,577.64
2,958.08
1,577.64
2,958.08

0.00 0.00

0.00 2,958.08
2,958.08
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028
09/17/2024
09/25/2024
479,123.06
517,686.70

0.00 (38,644.28)
479,042.42
973.41
1,825.15
900.75
1,752.49

0.00 0.00

0.00 1,752.49
1,752.49
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028
05/17/2024
05/23/2024
329,666.00
349,959.05

0.00 (20,331.62)
329,627.43
827.56
1,551.67
779.48
1,503.59

0.00 0.00

0.00 1,503.59
1,503.59
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
10,650.00

0.00 15,150.00
4,500.00

0.00 0.00

0.00 4,500.00
4,500.00
58989V2M5 MET TOWER GLOBAL
FUNDING 4.0 01/14/2029
01/07/2026
01/14/2026
750,000.00
749,032.50

0.00 0.00
749,032.50
3,916.67

0.00 6,416.67
2,500.00

0.00 0.00

0.00 2,500.00
2,500.00
61748UAK8 MORGAN STANLEY 4.133
10/18/2029
10/17/2025
10/22/2025
580,000.00
580,000.00

0.00 0.00
580,000.00
8,589.75

0.00 10,587.37
1,997.62

0.00 0.00

0.00 1,997.62
1,997.62
63743HFW7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.75 02/07/2028
06/17/2025
06/18/2025
1,500,000.00
1,512,345.00

0.00 0.00
1,512,345.00
4,750.00

0.00 10,687.50
5,937.50

0.00 0.00

0.00 5,937.50
5,937.50
55 | 29
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
64952WCX9 NEW YORK LIFE GLOBAL
FUNDING 3.0 01/10/2028
08/26/2025
08/27/2025
1,000,000.00
976,720.00

0.00 0.00
976,720.00
4,250.00

0.00 6,750.00
2,500.00

0.00 0.00

0.00 2,500.00
2,500.00
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
16,250.00

0.00 19,500.00
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
12,333.33

0.00 15,666.67
3,333.33

0.00 0.00

0.00 3,333.33
3,333.33
66815L2X6

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.125
08/25/2028
08/25/2025
08/26/2025
1,000,000.00
1,002,660.00

0.00 0.00
1,002,660.00
687.50

0.00 4,125.00
3,437.50

0.00 0.00

0.00 3,437.50
3,437.50
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
4,271.46

0.00 10,373.54
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
8,059.06

0.00 10,237.19
2,178.13

0.00 0.00

0.00 2,178.13
2,178.13
713448GL6 PEPSICO INC 4.1 01/15/2029
07/24/2025
07/25/2025
1,000,000.00
997,190.00

0.00 0.00
997,190.00
5,238.89

0.00 8,655.56
3,416.67

0.00 0.00

0.00 3,416.67
3,416.67
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
9,250.00

0.00 11,562.50
2,312.50

0.00 0.00

0.00 2,312.50
2,312.50
74456QBX3

PUBLIC SERVICE ELECTRIC
AND GAS CO 3.65
09/01/2028
07/24/2025
07/25/2025
1,000,000.00
983,400.00

0.00 0.00
983,400.00
18,250.00
18,250.00
3,041.67
3,041.67

0.00 0.00

0.00 3,041.67
3,041.67
56 | 30
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
7,080.94

0.00 12,138.75
5,057.81

0.00 0.00

0.00 5,057.81
5,057.81
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
27,354.71
30,207.65
2,181.66
5,034.61

0.00 0.00

0.00 5,034.61
5,034.61
87612EBU9 TARGET CORP 4.35
06/15/2028
06/05/2025
06/10/2025
570,000.00
569,994.30

0.00 0.00
569,994.30
5,234.50

0.00 7,300.75
2,066.25

0.00 0.00

0.00 2,066.25
2,066.25
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
20,348.61
22,750.00
1,390.28
3,791.67

0.00 0.00

0.00 3,791.67
3,791.67
90331HPS6 US BANK NA 4.73 05/15/2028
05/12/2025
05/15/2025
1,330,000.00
1,330,000.00

0.00 0.00
1,330,000.00
18,523.21

0.00 23,765.62
5,242.42

0.00 0.00

0.00 5,242.42
5,242.42
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
9,223.76

0.00 11,921.27
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
2,924.72

0.00 9,400.90
6,476.17

0.00 0.00

0.00 6,476.17
6,476.17
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
2,779.70

0.00 8,934.74
6,155.04

0.00 0.00

0.00 6,155.04
6,155.04
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
18,301.11

0.00 23,653.31
5,352.21

0.00 0.00

0.00 5,352.21
5,352.21
57 | 31
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
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
17,569.06

0.00 22,707.18
5,138.12

0.00 0.00

0.00 5,138.12
5,138.12
91282CDF5 UNITED STATES TREASURY

1.375 10/31/2028
09/16/2025
09/17/2025
2,500,000.00
2,344,433.59

0.00 0.00
2,344,433.59
11,489.99

0.00 14,433.70
2,943.72

0.00 0.00

0.00 2,943.72
2,943.72
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
11/17/2022
11/18/2022

0.00 2,349,414.06

0.00 (2,349,414.06)

0.00 26,098.90
28,674.45

0.00 2,575.55

0.00 0.00

0.00 2,575.55
2,575.55
91282CEM9 UNITED STATES TREASURY

2.875 04/30/2029
10/30/2025
10/31/2025
2,750,000.00
2,681,787.11

0.00 0.00
2,681,787.11
26,426.97

0.00 33,197.51
6,770.55

0.00 0.00

0.00 6,770.55
6,770.55
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027
12/12/2022
12/13/2022

0.00 1,266,687.50

0.00 (1,266,687.50)

0.00 7,002.76
8,753.45

0.00 1,750.69

0.00 0.00

0.00 1,750.69
1,750.69
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
4,406.08

0.00 9,116.02
4,709.94

0.00 0.00

0.00 4,709.94
4,709.94
91282CFH9 UNITED STATES TREASURY

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

0.00 0.00
2,445,117.19
212.30
39,062.50
6,793.48
45,643.68

0.00 0.00

0.00 45,643.68
45,643.68
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
12/17/2024
12/20/2024
2,750,000.00
2,618,730.47

0.00 0.00
2,618,730.47
233.53
42,968.75
7,472.83
50,208.05

0.00 0.00

0.00 50,208.05
50,208.05
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
27,560.44
33,000.00
180.33
5,619.89

0.00 0.00

0.00 5,619.89
5,619.89
58 | 32
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
02/12/2025
02/14/2025
1,700,000.00
1,665,203.13

0.00 0.00
1,665,203.13
22,729.28

0.00 28,552.49
5,823.20

0.00 0.00

0.00 5,823.20
5,823.20
91282CFY2 UNITED STATES TREASURY

3.875 11/30/2029
03/24/2025
03/25/2025
3,000,000.00
2,976,679.69

0.00 0.00
2,976,679.69
29,062.50

0.00 38,962.91
9,900.41

0.00 0.00

0.00 9,900.41
9,900.41
91282CGB1 UNITED STATES TREASURY

3.875 12/31/2029
07/30/2025
07/31/2025
3,000,000.00
2,995,312.50

0.00 0.00
2,995,312.50
19,267.96

0.00 29,223.07
9,955.11

0.00 0.00

0.00 9,955.11
9,955.11
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
4,205.80

0.00 8,701.66
4,495.86

0.00 0.00

0.00 4,495.86
4,495.86
91282CGJ4 UNITED STATES TREASURY 3.5
01/31/2030
02/25/2026
02/26/2026
3,000,000.00
2,994,375.00

0.00 0.00
2,994,375.00
8,411.60

0.00 17,403.31
8,991.71

0.00 0.00

0.00 8,991.71
8,991.71
91282CGV7 UNITED STATES TREASURY

3.75 04/15/2026
03/20/2024
03/21/2024

0.00 1,965,703.13

0.00 (1,965,703.13)

0.00 28,228.02
32,967.03

0.00 4,739.01

0.00 0.00

0.00 4,739.01
4,739.01
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030
12/09/2025
12/10/2025
3,000,000.00
2,969,296.88

0.00 0.00
2,969,296.88
35,096.69

0.00 44,088.40
8,991.71

0.00 0.00

0.00 8,991.71
8,991.71
91282CHF1 UNITED STATES TREASURY

3.75 05/31/2030
03/13/2026
03/16/2026
3,500,000.00

0.00 3,488,789.06

0.00 (38,221.15)
43,990.38
5,769.23

0.00 0.00

0.00 5,769.23
5,769.23
91282CHR5 UNITED STATES TREASURY 4.0
07/31/2030
03/26/2026
03/27/2026
1,500,000.00

0.00 1,498,945.31

0.00 (9,116.02)
9,944.75
828.73

0.00 0.00

0.00 828.73
828.73
59 | 33
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

4.25 02/28/2029
01/30/2025
01/31/2025
2,250,000.00
2,244,726.56

0.00 0.00
2,244,726.56
259.85
47,812.50
8,315.22
55,867.87

0.00 0.00

0.00 55,867.87
55,867.87
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
6,408.84

0.00 13,259.67
6,850.83

0.00 0.00

0.00 6,850.83
6,850.83
91282CNY3 UNITED STATES TREASURY

3.375 09/15/2028
09/29/2025
09/30/2025
3,000,000.00
2,978,203.13

0.00 0.00
2,978,203.13
46,709.25
50,625.00
4,677.31
8,593.06

0.00 0.00

0.00 8,593.06
8,593.06
91282CPA3 UNITED STATES TREASURY

3.625 09/30/2030
01/29/2026
01/30/2026
1,500,000.00
1,489,746.09

0.00 0.00
1,489,746.09
22,706.04
27,187.50
148.57
4,630.02

0.00 0.00

0.00 4,630.02
4,630.02
91282CPC9 UNITED STATES TREASURY 3.5
10/15/2028
11/10/2025
11/17/2025
2,500,000.00
2,494,433.59

0.00 0.00
2,494,433.59
32,932.69

0.00 40,384.62
7,451.92

0.00 0.00

0.00 7,451.92
7,451.92
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028
12/30/2025
12/31/2025
2,300,000.00
2,299,820.31

0.00 0.00
2,299,820.31
16,807.69

0.00 23,663.46
6,855.77

0.00 0.00

0.00 6,855.77
6,855.77
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
13,930.56

0.00 17,003.47
3,072.92

0.00 0.00

0.00 3,072.92
3,072.92
92348KDY6 VZMT 2025-3 A1A 4.51
03/20/2030
03/25/2025
03/31/2025
1,050,000.00
1,049,954.85

0.00 0.00
1,049,954.85
1,446.96
3,946.25
1,446.96
3,946.25

0.00 0.00

0.00 3,946.25
3,946.25
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030
06/03/2025
06/10/2025
1,210,000.00
1,209,979.91

0.00 0.00
1,209,979.91
2,333.96
4,376.17
2,333.96
4,376.17

0.00 0.00

0.00 4,376.17
4,376.17
60 | 34
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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
Total Fixed Income 158,396,886.65
154,917,444.21
6,961,914.37
(5,915,393.77)
155,963,964.81
1,245,573.50
704,619.87
1,180,717.39
639,763.76

0.00 0.00

0.00 639,763.76 639,763.76
TOTAL PORTFOLIO 158,535,007.12
155,344,725.11
8,282,125.60
(7,393,640.10)
156,102,085.29
1,245,573.50
708,021.42
1,180,717.39
643,165.31

0.00 0.00

0.00 643,165.31 643,165.31
61 | 35
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount APRIL 2026
04/01/2026 Coupon 64952WFJ7 0.00 NEW YORK LIFE GLOBAL FUNDING 3.9 10/01/2027 19,500.00 19,500.00
04/01/2026 Dividend 31846V567 0.00 FIRST AMER:GVT OBLG Z 2,119.98 2,119.98 04/09/2026 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 04/10/2026 Coupon 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 16,875.00 16,875.00
04/10/2026 Final Maturity 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 750,000.00 750,000.00
04/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 04/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 04/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 04/15/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 3,582.22 3,582.22 04/15/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 61,556.89 61,556.89 04/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 04/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 04/15/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 1,129.44 1,129.44 04/15/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 16,299.74 16,299.74 04/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 04/15/2026 Coupon 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 1,459.21 1,459.21 04/15/2026 Principal Paydown 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 74,647.39 74,647.39 04/15/2026 Coupon 58770JAD6
329,666.00 MBALT 2024-A A3 5.32 01/18/2028 1,409.15 1,409.15 04/15/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 31,856.78 31,856.78 04/15/2026 Coupon 91282CPC9 2,500,000.00 UNITED STATES TREASURY 3.5 10/15/2028 43,750.00 43,750.00 04/15/2026 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 04/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 04/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 04/20/2026 Coupon 36269FAD8 78,251.21 GMALT 2024-1 A3 5.09 03/22/2027 329.46 329.46 04/20/2026 Principal Paydown 36269FAD8 78,251.21 GMALT 2024-1 A3 5.09 03/22/2027 56,427.53 56,427.53 04/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 04/20/2026 Coupon 61748UAK8 580,000.00 MORGAN STANLEY 4.133 10/18/2029 11,719.35 11,719.35 04/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 62 | 36
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/27/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 04/27/2026 Coupon 05611UAD5 213,235.82 BMWLT 2024-1 A3 4.98 03/25/2027 884.93 884.93 04/27/2026 Principal Paydown 05611UAD5 213,235.82 BMWLT 2024-1 A3 4.98 03/25/2027 117,794.97 117,794.97 04/27/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 2,058.68 2,058.68 04/27/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 7,105.34 7,105.34 04/27/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 04/27/2026 Coupon 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 2,368.36 2,368.36 04/27/2026 Principal Paydown 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 1,829.65 1,829.65 04/27/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,440.80 2,440.80 04/27/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 1,935.03 1,935.03 04/27/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 04/27/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 04/27/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,206.21 3,206.21 04/27/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,112.30 2,112.30 04/27/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 04/27/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 04/27/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 04/27/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 04/27/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 04/30/2026 Coupon 91282CDF5 2,500,000.00 UNITED STATES TREASURY 1.375 10/31/2028 17,187.50 17,187.50 04/30/2026 Coupon 91282CEM9 2,750,000.00 UNITED STATES TREASURY 2.875 04/30/2029 39,531.25 39,531.25 04/30/2026 Coupon 91282CFT3 1,700,000.00 UNITED STATES TREASURY 4.0 10/31/2029 34,000.00 34,000.00 04/30/2026 Coupon 91282CGZ8 3,000,000.00 UNITED STATES TREASURY 3.5 04/30/2030 52,500.00 52,500.00 April 2026 Total 1,123,685.60 380,738.92 1,504,424.52
MAY 2026
05/01/2026 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
05/04/2026 Coupon 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 16,750.00 16,750.00 05/04/2026 Final Maturity 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 1,000,000.00 1,000,000.00 05/05/2026 Coupon 459058LT8 1,335,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.625 05/05/2028 24,196.88 24,196.88
63 | 37
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/08/2026 Coupon 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 23,750.00 23,750.00
05/08/2026 Final Maturity 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 1,000,000.00 1,000,000.00
05/11/2026 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 05/11/2026 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 13,068.75 13,068.75 05/14/2026 Coupon 14913UBD1 1,000,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.95 11/14/2028 19,750.00 19,750.00
05/15/2026 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
05/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 05/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 05/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 05/15/2026 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 05/15/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 3,314.96 3,314.96 05/15/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 59,378.96 59,378.96 05/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 05/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 05/15/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 1,062.07 1,062.07 05/15/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 15,601.60 15,601.60 05/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 05/15/2026 Coupon 58769GAD5
479,123.06 MBALT 2024-B A3 4.23 02/15/2028 1,196.08 1,196.08 05/15/2026 Principal Paydown 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 63,098.46 63,098.46 05/15/2026 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 1,267.91 1,267.91 05/15/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 31,628.90 31,628.90 05/15/2026 Coupon 90331HPS6 1,330,000.00 US BANK NA 4.73 05/15/2028 31,454.50 31,454.50 05/15/2026 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 05/15/2026 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/15/2026 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 05/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 05/18/2026 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
05/18/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 64 | 38
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/20/2026 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
05/20/2026 Coupon 36269FAD8 78,251.21 GMALT 2024-1 A3 5.09 03/22/2027 90.11 90.11 05/20/2026 Effective Maturity 36269FAD8 78,251.21 GMALT 2024-1 A3 5.09 03/22/2027 21,244.34 21,244.34 05/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 05/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 05/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 05/25/2026 Coupon 05611UAD5 213,235.82 BMWLT 2024-1 A3 4.98 03/25/2027 396.08 396.08 05/25/2026 Effective Maturity 05611UAD5 213,235.82 BMWLT 2024-1 A3 4.98 03/25/2027 95,440.85 95,440.85 05/25/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 2,028.00 2,028.00 05/25/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 29,105.62 29,105.62 05/25/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 05/25/2026 Coupon 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 2,363.25 2,363.25 05/25/2026 Principal Paydown 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 1,935.38 1,935.38 05/25/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,435.28 2,435.28 05/25/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,055.92 2,055.92 05/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 05/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 05/25/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,200.60 3,200.60 05/25/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,251.56 2,251.56 05/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 05/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 05/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 05/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 05/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 May 2026 Total 2,321,741.59 439,788.10 2,761,529.68
JUNE 2026
06/01/2026 Coupon 91282CFY2 3,000,000.00 UNITED STATES TREASURY 3.875 11/30/2029 58,125.00 58,125.00 06/01/2026 Coupon 91282CHF1 3,500,000.00 UNITED STATES TREASURY 3.75 05/31/2030 65,625.00 65,625.00 06/08/2026 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 40,241.25 40,241.25 06/09/2026 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 06/09/2026 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 65 | 39
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/12/2026 Coupon 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 47,500.00 47,500.00 06/12/2026 Final Maturity 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 2,000,000.00 2,000,000.00 06/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 06/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 06/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 06/15/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 3,057.16 3,057.16 06/15/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 58,312.19 58,312.19 06/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 06/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 06/15/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 997.58 997.58 06/15/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 14,046.61 14,046.61 06/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 06/15/2026 Coupon 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 973.66 973.66 06/15/2026 Principal Paydown 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 57,726.27 57,726.27 06/15/2026 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 1,127.69 1,127.69 06/15/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 37,386.79 37,386.79 06/15/2026 Coupon 87612EBU9 570,000.00 TARGET CORP 4.35 06/15/2028 12,397.50 12,397.50 06/15/2026 Coupon 91282CPP0 2,300,000.00 UNITED STATES TREASURY 3.5 12/15/2028 40,250.00 40,250.00 06/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 06/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 06/22/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 06/22/2026 Coupon 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 27,000.00 27,000.00 06/22/2026 Final Maturity 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 1,000,000.00 1,000,000.00 06/22/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 06/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 06/25/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,902.36 1,902.36 06/25/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 28,605.41 28,605.41 06/25/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 06/25/2026 Coupon 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 2,357.86 2,357.86 06/25/2026 Principal Paydown 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 1,838.13 1,838.13 06/25/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,429.40 2,429.40 06/25/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 1,941.12 1,941.12 66 | 40
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 06/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 06/25/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,194.62 3,194.62 06/25/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,126.89 2,126.89 06/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 06/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 06/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 06/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 06/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 06/25/2026 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 06/30/2026 Coupon 91282CGB1 3,000,000.00 UNITED STATES TREASURY 3.875 12/31/2029 58,125.00 58,125.00 June 2026 Total 3,201,983.41 517,086.45 3,719,069.87
JULY 2026
07/07/2026 Coupon 24422EXZ7 700,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 16,275.00 16,275.00 07/08/2026 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 07/10/2026 Coupon 64952WCX9 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.0 01/10/2028 15,000.00 15,000.00
07/13/2026 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
07/14/2026 Coupon 58989V2M5 750,000.00 MET TOWER GLOBAL FUNDING 4.0 01/14/2029 15,000.00 15,000.00 07/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 07/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 07/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 07/15/2026 Coupon 26444HAE1 1,000,000.00 DUKE ENERGY FLORIDA LLC 3.8 07/15/2028 19,000.00 19,000.00 07/15/2026 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 41,250.00 41,250.00
07/15/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 2,803.99 2,803.99 07/15/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 57,010.55 57,010.55 07/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 07/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 07/15/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 939.52 939.52 07/15/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 14,404.06 14,404.06 67 | 41
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 07/15/2026 Coupon 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 770.17 770.17 07/15/2026 Principal Paydown 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 51,675.00 51,675.00 07/15/2026 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 961.94 961.94 07/15/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 34,273.34 34,273.34 07/15/2026 Coupon 713448GL6 1,000,000.00 PEPSICO INC 4.1 01/15/2029 20,500.00 20,500.00 07/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 07/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 07/20/2026 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 23,025.00 23,025.00 07/20/2026 Effective Maturity 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 1,000,000.00 1,000,000.00 07/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 07/20/2026 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 07/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 07/22/2026 Coupon 06406RCG0 535,000.00 BANK OF NEW YORK MELLON CORP 4.026 01/22/2030 10,769.55 10,769.55
07/27/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 07/27/2026 Coupon 06368MJG0 1,500,000.00 BANK OF MONTREAL 5.004 01/27/2029 37,530.00 37,530.00 07/27/2026 Coupon 09290DAH4 750,000.00 BLACKROCK INC 4.6 07/26/2027 17,250.00 17,250.00 07/27/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,778.88 1,778.88 07/27/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 28,124.82 28,124.82 07/27/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 07/27/2026 Principal Paydown 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 977,961.27 977,961.27 07/27/2026 Coupon 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 2,352.73 2,352.73 07/27/2026 Principal Paydown 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 1,943.22 1,943.22 07/27/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,423.85 2,423.85 07/27/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,061.04 2,061.04 07/27/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 07/27/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 07/27/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,188.97 3,188.97 07/27/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,265.70 2,265.70 07/27/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 07/27/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 68 | 42
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/27/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 07/27/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 07/27/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 07/30/2026 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 50,000.00 50,000.00
07/30/2026 Final Maturity 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 2,000,000.00 2,000,000.00
07/31/2026 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 07/31/2026 Coupon 91282CGH8 1,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 26,250.00 26,250.00 07/31/2026 Coupon 91282CGJ4 3,000,000.00 UNITED STATES TREASURY 3.5 01/31/2030 52,500.00 52,500.00 07/31/2026 Coupon 91282CHR5 1,500,000.00 UNITED STATES TREASURY 4.0 07/31/2030 30,000.00 30,000.00 07/31/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 July 2026 Total 4,169,718.99 591,411.36 4,761,130.35
AUGUST 2026
08/07/2026 Coupon 63743HFW7 1,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.75 02/07/2028 35,625.00 35,625.00
08/10/2026 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 08/10/2026 Final Maturity 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 1,450,000.00 1,450,000.00 08/14/2026 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
08/14/2026 Final Maturity 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 2,405,000.00 2,405,000.00
08/14/2026 Coupon 532457CP1 1,250,000.00 ELI LILLY AND CO 4.15 08/14/2027 25,937.50 25,937.50 08/17/2026 Coupon 02079KBJ5 570,000.00
ALPHABET INC 3.7 02/15/2029 10,662.17 10,662.17
08/17/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 08/17/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 08/17/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 08/17/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 08/17/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 2,556.47 2,556.47 08/17/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 55,459.45 55,459.45 08/17/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 08/17/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 08/17/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 879.99 879.99 69 | 43
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 14,990.23 14,990.23 08/17/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 08/17/2026 Coupon 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 588.02 588.02 08/17/2026 Principal Paydown 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 47,179.63 47,179.63 08/17/2026 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 810.00 810.00 08/17/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 34,388.50 34,388.50 08/17/2026 Coupon 9128283W8 2,750,000.00 UNITED STATES TREASURY 2.75 02/15/2028 37,812.50 37,812.50 08/17/2026 Coupon 9128284V9 2,500,000.00 UNITED STATES TREASURY 2.875 08/15/2028 35,937.50 35,937.50 08/17/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 08/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 08/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 08/24/2026 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 08/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 08/25/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,657.48 1,657.48 08/25/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 27,396.54 27,396.54 08/25/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 2,259.56 2,259.56 08/25/2026 Final Maturity 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 1,022,038.73 1,022,038.73 08/25/2026 Coupon 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 2,347.31 2,347.31 08/25/2026 Principal Paydown 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 54,959.37 54,959.37 08/25/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,417.96 2,417.96 08/25/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 107,722.33 107,722.33 08/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 08/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 08/25/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,182.95 3,182.95 08/25/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,141.58 2,141.58 08/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 08/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 08/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 08/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 08/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 08/25/2026 Coupon 66815L2X6 1,000,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.125 08/25/2028 20,625.00 20,625.00
70 | 44
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/26/2026 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 08/31/2026 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 08/31/2026 Coupon 91282CFJ5 2,750,000.00 UNITED STATES TREASURY 3.125 08/31/2029 42,968.75 42,968.75 08/31/2026 Coupon 91282CKD2 2,250,000.00 UNITED STATES TREASURY 4.25 02/28/2029 47,812.50 47,812.50 August 2026 Total 5,221,276.36 523,941.35 5,745,217.71
SEPTEMBER 2026
09/01/2026 Coupon 74456QBX3 1,000,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 18,250.00 18,250.00
09/09/2026 Coupon 002824BR0 2,000,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 37,000.00 37,000.00 09/10/2026 Coupon 3130ATS57 3,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 67,500.00 67,500.00 09/11/2026 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
09/11/2026 Final Maturity 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 4,500,000.00 4,500,000.00
09/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 09/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 09/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 09/15/2026 Effective Maturity 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 1,320,000.00 09/15/2026 Coupon 437076DH2 570,000.00 HOME DEPOT INC 3.75 09/15/2028 10,687.50 10,687.50 09/15/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 2,315.68 2,315.68 09/15/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 47,496.30 47,496.30 09/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50
09/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 09/15/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 818.03 818.03 09/15/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 17,787.86 17,787.86 09/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 09/15/2026 Coupon 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 421.71 421.71 09/15/2026 Principal Paydown 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 42,750.04 42,750.04 09/15/2026 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 657.54 657.54 09/15/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 36,860.37 36,860.37 09/15/2026 Coupon 91282CNY3 3,000,000.00 UNITED STATES TREASURY 3.375 09/15/2028 50,625.00 50,625.00 09/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 71 | 45
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 09/18/2026 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 09/21/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 09/21/2026 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 09/21/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 09/22/2026 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
09/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 09/25/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,539.22 1,539.22 09/25/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 26,905.51 26,905.51 09/25/2026 Coupon 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 2,194.02 2,194.02 09/25/2026 Principal Paydown 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 123,947.24 123,947.24 09/25/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,110.05 2,110.05 09/25/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 1,726.83 1,726.83 09/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 09/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 09/25/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,177.27 3,177.27 09/25/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,148.74 2,148.74 09/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 09/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 09/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 09/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 09/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 09/28/2026 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
09/28/2026 Coupon 57629TBW6 1,340,000.00 MASSMUTUAL GLOBAL FUNDING II 4.45 03/27/2028 29,815.00 29,815.00
09/30/2026 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 09/30/2026 Coupon 91282CPA3 1,500,000.00 UNITED STATES TREASURY 3.625 09/30/2030 27,187.50 27,187.50 September 2026
Total 6,119,622.88 580,141.87 6,699,764.75
OCTOBER 2026
72 | 46
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/01/2026 Coupon 64952WFJ7 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.9 10/01/2027 19,500.00 19,500.00
10/09/2026 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 10/13/2026 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 10,890.63 10,890.63 10/13/2026 Effective Maturity 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 510,000.00 510,000.00 10/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 10/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 10/15/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 2,109.47 2,109.47 10/15/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 45,815.96 45,815.96 10/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 10/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 10/15/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 744.50 744.50 10/15/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 16,435.29 16,435.29 10/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 10/15/2026 Coupon 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 271.01 271.01 10/15/2026 Principal Paydown 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 38,894.10 38,894.10 10/15/2026 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 494.13 494.13 10/15/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 38,476.72 38,476.72 10/15/2026 Coupon 91282CPC9 2,500,000.00 UNITED STATES TREASURY 3.5 10/15/2028 43,750.00 43,750.00 10/15/2026 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 10/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 10/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 10/19/2026 Coupon 61748UAK8 580,000.00 MORGAN STANLEY 4.133 10/18/2029 11,985.70 11,985.70 10/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 10/20/2026 Principal Paydown 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 77,887.09 77,887.09 10/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 10/26/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 10/26/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,423.08 1,423.08 10/26/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 24,629.30 24,629.30 10/26/2026 Coupon 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 1,848.31 1,848.31 10/26/2026 Principal Paydown 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 280,957.11 280,957.11 10/26/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 2,105.12 2,105.12 73 | 47
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 69,863.12 69,863.12 10/26/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 10/26/2026 Principal Paydown 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 83,485.53 83,485.53 10/26/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 10/26/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,171.56 3,171.56 10/26/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,286.86 2,286.86 10/26/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 10/26/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 10/26/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 10/26/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 10/26/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 October 2026 Total 1,188,731.09 215,003.21 1,403,734.29 NOVEMBER 2026
11/02/2026 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
11/02/2026 Coupon 91282CDF5 2,500,000.00 UNITED STATES TREASURY 1.375 10/31/2028 17,187.50 17,187.50 11/02/2026 Coupon 91282CEM9 2,750,000.00 UNITED STATES TREASURY 2.875 04/30/2029 39,531.25 39,531.25 11/02/2026 Coupon 91282CFT3 1,700,000.00 UNITED STATES TREASURY 4.0 10/31/2029 34,000.00 34,000.00 11/02/2026 Coupon 91282CGZ8 3,000,000.00 UNITED STATES TREASURY 3.5 04/30/2030 52,500.00 52,500.00 11/05/2026 Coupon 459058LT8 1,335,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.625 05/05/2028 24,196.88 24,196.88
11/09/2026 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 33,534.38 33,534.38 11/09/2026 Effective Maturity 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 1,575,000.00 1,575,000.00 11/10/2026 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 11/16/2026 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
11/16/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 11/16/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 11/16/2026 Coupon 14913UBD1 1,000,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.95 11/14/2028 19,750.00 19,750.00
11/16/2026 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 11/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 74 | 48
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/16/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 1,910.55 1,910.55 11/16/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 44,822.37 44,822.37 11/16/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 11/16/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 11/16/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 676.57 676.57 11/16/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 19,607.08 19,607.08 11/16/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 11/16/2026 Coupon 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 133.91 133.91 11/16/2026 Effective Maturity 58769GAD5 479,123.06 MBALT 2024-B A3 4.23 02/15/2028 37,989.51 37,989.51 11/16/2026 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 323.55 323.55 11/16/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 29,723.37 29,723.37 11/16/2026 Coupon 90331HPS6 1,330,000.00 US BANK NA 4.73 05/15/2028 31,454.50 31,454.50 11/16/2026 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 11/16/2026 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/16/2026 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 11/16/2026 Final Maturity 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 3,000,000.00 3,000,000.00 11/16/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 11/17/2026 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
11/17/2026 Final Maturity 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 1,750,000.00 1,750,000.00
11/20/2026 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
11/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,393.48 2,393.48 11/20/2026 Principal Paydown 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 76,026.92 76,026.92 11/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 11/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 11/25/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,316.76 1,316.76 11/25/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 24,153.97 24,153.97 11/25/2026 Coupon 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 1,064.67 1,064.67 11/25/2026 Final Maturity 3137BTUM1 849,126.92 FHMS K-061 A2 3.347 11/25/2026 381,716.84 381,716.84 11/25/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 1,905.43 1,905.43 75 | 49
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 144,813.66 144,813.66 11/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,476.88 2,476.88 11/25/2026 Principal Paydown 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 5,955.94 5,955.94 11/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 11/25/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,165.49 3,165.49 11/25/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,163.57 2,163.57 11/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 11/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 11/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 11/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 11/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 11/30/2026 Coupon 91282CFY2 3,000,000.00 UNITED STATES TREASURY 3.875 11/30/2029 58,125.00 58,125.00 11/30/2026 Coupon 91282CHF1 3,500,000.00 UNITED STATES TREASURY 3.75 05/31/2030 65,625.00 65,625.00 November 2026
Total 7,091,973.23 669,244.49 7,761,217.72
DECEMBER 2026
12/09/2026 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 12/09/2026 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 12/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 12/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 12/15/2026 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 1,715.94 1,715.94 12/15/2026 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 42,849.62 42,849.62 12/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 12/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 12/15/2026 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 595.53 595.53 12/15/2026 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 13,283.64 13,283.64 12/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 12/15/2026 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 191.77 191.77 12/15/2026 Principal Paydown 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 32,035.77 32,035.77 12/15/2026 Coupon 87612EBU9 570,000.00 TARGET CORP 4.35 06/15/2028 12,397.50 12,397.50 12/15/2026 Coupon 91282CPP0 2,300,000.00 UNITED STATES TREASURY 3.5 12/15/2028 40,250.00 40,250.00 12/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 76 | 50
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 12/16/2026 Principal Paydown 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 7,306.98 7,306.98 12/21/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,103.31 2,103.31 12/21/2026 Principal Paydown 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 96,721.11 96,721.11 12/21/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 12/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 12/25/2026 Principal Paydown 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 6,530.58 6,530.58 12/25/2026 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,212.49 1,212.49 12/25/2026 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 23,050.89 23,050.89 12/25/2026 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 1,491.50 1,491.50 12/25/2026 Principal Paydown 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 429,153.87 429,153.87 12/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,460.78 2,460.78 12/25/2026 Principal Paydown 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 5,800.46 5,800.46 12/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 12/25/2026 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,159.74 3,159.74 12/25/2026 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,301.23 2,301.23 12/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 12/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 12/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 12/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 12/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 12/28/2026 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 12/31/2026 Coupon 91282CGB1 3,000,000.00 UNITED STATES TREASURY 3.875 12/31/2029 58,125.00 58,125.00 December 2026
Total 659,034.15 259,995.04 919,029.18
JANUARY 2027
01/07/2027 Coupon 24422EXZ7 700,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 16,275.00 16,275.00 01/08/2027 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 01/08/2027 Final Maturity 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 1,000,000.00 1,000,000.00 01/11/2027 Coupon 64952WCX9 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.0 01/10/2028 15,000.00 15,000.00
77 | 51
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/12/2027 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
01/14/2027 Coupon 58989V2M5 750,000.00 MET TOWER GLOBAL FUNDING 4.0 01/14/2029 15,000.00 15,000.00 01/15/2027 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 01/15/2027 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 01/15/2027 Coupon 26444HAE1 1,000,000.00 DUKE ENERGY FLORIDA LLC 3.8 07/15/2028 19,000.00 19,000.00 01/15/2027 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 41,250.00 41,250.00
01/15/2027 Final Maturity 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 2,000,000.00 2,000,000.00
01/15/2027 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 1,529.91 1,529.91 01/15/2027 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 42,021.12 42,021.12 01/15/2027 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 01/15/2027 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 01/15/2027 Principal Paydown 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 5,613.79 5,613.79 01/15/2027 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 540.62 540.62 01/15/2027 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 19,286.13 19,286.13 01/15/2027 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 01/15/2027 Coupon 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 49.75 49.75 01/15/2027 Effective Maturity 58770JAD6 329,666.00 MBALT 2024-A A3 5.32 01/18/2028 11,221.73 11,221.73 01/15/2027 Coupon 713448GL6 1,000,000.00
PEPSICO INC 4.1 01/15/2029 20,500.00 20,500.00
01/15/2027 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 01/18/2027 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,293.61 1,293.61 01/18/2027 Principal Paydown 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 15,382.87 15,382.87 01/19/2027 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 01/19/2027 Final Maturity 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 1,245,000.00 1,245,000.00 01/20/2027 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,734.16 1,734.16 01/20/2027 Principal Paydown 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 99,096.93 99,096.93 01/20/2027 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 01/22/2027 Coupon 06406RCG0 535,000.00 BANK OF NEW YORK MELLON CORP 4.026 01/22/2030 10,769.55 10,769.55
01/25/2027 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,625.06 2,625.0678 | 52
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/25/2027 Principal Paydown 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 101,265.21 101,265.21 01/25/2027 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,112.99 1,112.99 01/25/2027 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 22,668.84 22,668.84 01/25/2027 Coupon 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 264.83 264.83 01/25/2027 Final Maturity 3137BVZ82 853,926.53 FHMS K-063 A2 3.43 01/25/2027 92,653.61 92,653.61 01/25/2027 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,445.11 2,445.11 01/25/2027 Principal Paydown 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 1,981.30 1,981.30 01/25/2027 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 01/25/2027 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,153.63 3,153.63 01/25/2027 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,178.49 2,178.49 01/25/2027 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 01/25/2027 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 01/25/2027 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 01/25/2027 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 01/25/2027 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 01/26/2027 Coupon 09290DAH4 750,000.00 BLACKROCK INC 4.6 07/26/2027 17,250.00 17,250.00 01/26/2027 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 30,000.00 30,000.00 01/26/2027 Effective Maturity 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 1,500,000.00 1,500,000.00 01/27/2027 Coupon 06368MJG0 1,500,000.00 BANK OF MONTREAL 5.004 01/27/2029 37,530.00 37,530.00 January 2027 Total 6,158,370.02 352,208.72 6,510,578.73 FEBRUARY 2027
02/01/2027 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 02/01/2027 Coupon 91282CGH8 1,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 26,250.00 26,250.00 02/01/2027 Coupon 91282CGJ4 3,000,000.00 UNITED STATES TREASURY 3.5 01/31/2030 52,500.00 52,500.00 02/01/2027 Coupon 91282CHR5 1,500,000.00 UNITED STATES TREASURY 4.0 07/31/2030 30,000.00 30,000.00 02/01/2027 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 02/08/2027 Coupon 63743HFW7 1,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.75 02/07/2028 35,625.00 35,625.00
02/15/2027 Coupon 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 1,347.46 1,347.46 02/15/2027 Principal Paydown 437918AC9 811,159.26 HAROT 2024-1 A3 5.21 08/15/2028 41,375.28 41,375.28 02/15/2027 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 02/15/2027 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,341.96 2,341.96 79 | 53
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2027 Principal Paydown 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 45,703.96 45,703.96 02/15/2027 Coupon 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 460.91 460.91 02/15/2027 Principal Paydown 47800RAD5 273,251.87 JDOT 2024 A3 4.96 11/15/2028 12,972.25 12,972.25 02/15/2027 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 02/15/2027 Principal Paydown 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 31,902.61 31,902.61 02/16/2027 Coupon 02079KBJ5 570,000.00 ALPHABET INC 3.7 02/15/2029 10,545.00 10,545.00 02/16/2027 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 02/16/2027 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 02/16/2027 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,238.74 1,238.74 02/16/2027 Principal Paydown 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 19,427.80 19,427.80 02/16/2027 Coupon 532457CP1 1,250,000.00 ELI LILLY AND CO 4.15 08/14/2027 25,937.50 25,937.50 02/16/2027 Coupon 9128283W8 2,750,000.00 UNITED STATES TREASURY 2.75 02/15/2028 37,812.50 37,812.50 02/16/2027 Coupon 9128284V9 2,500,000.00 UNITED STATES TREASURY 2.875 08/15/2028 35,937.50 35,937.50 02/16/2027 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 02/18/2027 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 25,173.04 25,173.04 02/18/2027 Effective Maturity 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 1,210,000.00 1,210,000.00 02/22/2027 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 02/22/2027 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,355.94 1,355.94 02/22/2027 Principal Paydown 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 80,207.34 80,207.34 02/22/2027 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 02/25/2027 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,290.04 2,290.04 02/25/2027 Principal Paydown 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 74,963.28 74,963.28 02/25/2027 Coupon 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 1,015.14 1,015.14 02/25/2027 Principal Paydown 096919AD7 476,913.26 BMWOT 2024-A A3 5.18 02/26/2029 22,403.52 22,403.52 02/25/2027 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,439.75 2,439.75 02/25/2027 Principal Paydown 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 23,856.81 23,856.81 02/25/2027 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 02/25/2027 Coupon 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 3,147.84 3,147.84 02/25/2027 Principal Paydown 3137FBU79 1,207,232.73 FHMS K-069 A2 3.187 09/25/2027 2,185.77 2,185.77 02/25/2027 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 02/25/2027 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 02/25/2027 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 80 | 54
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2027 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 02/25/2027 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 02/25/2027 Coupon 66815L2X6 1,000,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.125 08/25/2028 20,625.00 20,625.00
February 2027
Total 1,564,998.60 450,219.20 2,015,217.81
Grand Total 601,403,054.67 38,821,135.92 4,979,778.70 43,800,914.62 81 | 55
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 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.

LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 82 | 56
City of Murrieta | Account | As of March 31, 2026
Execution Time: 04/02/2026 04:11:56 PM

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-3 Yr US Treasury Index
The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance. 83 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
April 14, 2026
LAIF Home
PMIA Average Monthly
Yields

CITY OF MURRIETA

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

0.00 Beginning Balance: 62,164,285.61
Account Number:

March 2026 Statement
Account Summary
Total Deposit:

Total Withdrawal:

0.00 Ending Balance: 62,164,285.61
4/14/26, 10:56 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/184

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 03/01/2026 THROUGH 03/31/2026

FOR QUESTIONS, PLEASE CONTACT GLOBAL PAYMENTS AND LIQUIDITY SERVICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
3-01-2026 Beginning Balance 60,097,012.56
3-02-2026 Next Day Sweep Purchase 385,093.24
3-03-2026 Sweep Funds Return To DDA 821,367.96
3-04-2026 Sweep Funds Return To DDA 1,774,527.86
3-05-2026 Sweep Funds Return To DDA 995,016.16
3-06-2026 Sweep Funds Return To DDA 50,899.43
3-09-2026 Sweep Funds Return To DDA 558,392.20
3-10-2026 Sweep Funds Return To DDA 219,951.26
3-11-2026 Sweep Funds Return To DDA 787,105.49
3-12-2026 Sweep Funds Return To DDA 89,726.62
3-13-2026 Next Day Sweep Purchase 24,796.53
3-16-2026 Next Day Sweep Purchase 208,615.50
3-17-2026 Sweep Funds Return To DDA 406,020.83
3-18-2026 Sweep Funds Return To DDA 2,290,103.11
3-19-2026 Sweep Funds Return To DDA 865,532.57
3-20-2026 Sweep Funds Return To DDA 280,607.62
3-23-2026 Next Day Sweep Purchase 3,014.23
3-24-2026 Sweep Funds Return To DDA 582,978.63
3-25-2026 Sweep Funds Return To DDA 1,196,665.26
3-26-2026 Next Day Sweep Purchase 4,337,095.48
3-27-2026 Sweep Funds Return To DDA 134,939.91
3-30-2026 Next Day Sweep Purchase 75,465.56
3-31-2026 Sweep Funds Return To DDA 180,653.38
3-31-2026 Ending Balance 53,896,604.81
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 03-01* 60,097,012.56 3.629 % .000099427 5,975.27
03-02 60,482,105.80 3.633 % .000099541 6,020.45
03-03 59,660,737.84 3.627 % .000099390 5,929.68
03-04 57,886,209.98 3.617 % .000099112 5,737.22
03-05 56,891,193.82 3.602 % .000098711 5,615.79

Page 1 of 2 ends

CITY OF MURRIETA

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

FUND SUMMARY
Dividends Earned YTD 463,151.18
Federal Withholding YTD .00
7-Day Simple Yield 3.59708 %
Federal Withholding .00
Beginning Balance 60,097,012.56
Shares Purchased 5,034,080.54 +
Shares Redeemed 11,234,488.29 -
Ending Balance 53,896,604.81
Prior Month Dividends Paid to Checking 155,074.66
Dividends Earned in Current Month 167,537.91
Funds Pending Redemption 1,733,263.58-
85 STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 03-06 56,840,294.39 3.597 % .000098563 5,602.35
03-07* 56,281,902.19 3.597 % .000098563 5,547.31
03-08* 56,281,902.19 3.597 % .000098563 5,547.31
03-09 56,281,902.19 3.599 % .000098607 5,549.79
03-10 56,061,950.93 3.590 % .000098374 5,515.04
03-11 55,274,845.44 3.590 % .000098378 5,437.83
03-12 55,185,118.82 3.594 % .000098487 5,435.02
03-13 55,209,915.35 3.597 % .000098566 5,441.82
03-14* 55,209,915.35 3.597 % .000098566 5,441.82
03-15* 55,209,915.35 3.597 % .000098566 5,441.82
03-16 55,418,530.85 3.619 % .000099158 5,495.19
03-17 55,012,510.02 3.605 % .000098783 5,434.30
03-18 52,722,406.91 3.586 % .000098249 5,179.92
03-19 51,856,874.34 3.579 % .000098075 5,085.86
03-20 51,576,266.72 3.580 % .000098091 5,059.17
03-21* 51,576,266.72 3.580 % .000098091 5,059.17
03-22* 51,576,266.72 3.580 % .000098091 5,059.17
03-23 51,579,280.95 3.582 % .000098138 5,061.89
03-24 50,996,302.32 3.584 % .000098212 5,008.45
03-25 49,799,637.06 3.596 % .000098533 4,906.91
03-26 54,136,732.54 3.597 % .000098558 5,335.61
03-27 54,001,792.63 3.595 % .000098508 5,319.61
03-28* 54,001,792.63 3.595 % .000098508 5,319.61
03-29* 54,001,792.63 3.595 % .000098508 5,319.61
03-30 54,077,258.19 3.595 % .000098495 5,326.34
03-31 53,896,604.81 3.608 % .000098867 5,328.60
TOTAL MTD 167,537.93
* 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.
03/01/2026 - 03/31/2026

Page 2 of 2 ends

Account Number - DDA
86 CUSTOMER SERVICE INFORMATION
09052927030200477901
1 4Page of
Commercial Checking With Interest
04779 LIA 703 020 09026 - NNNNNNNNNNNN 0000
JPMorgan Chase Bank, N.A.

P O Box 182051
Columbus OH 43218- 2051
For the Period 3/1/26 to 3/31/26
Advice Date: March 31, 2026
Account:

CITY OF MURRIETA

GENERAL
1 TOWN SQUARE
MURRIETA CA 92562
Annual Percentage Yield *

2.68%
Rate

0.00%
Day Basis
365
Compounding Method
Monthly
Average Daily Balance
$3,341,401.00
If you have any questions about this
notice, please contact your Customer
Service Professional.
* Annual Percentage Yield - the percentage rate earned if balances remain on deposit for a full year with compounding, no change in the interest rate and all interest is left in the account.

Interest Payment Summary
87 0.00

0.00 0.00

0.00 2 4Page of
04779 LIA 703 20 09026
For the Period 3/1/26 to 3/31/26
Advice Date: March 31, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
3/01

0.000072

2.65% 3,341,401.00 242.58 242.58
3/02

0.000072

2.65% 3,341,401.00 242.58 485.17
3/03

0.000072

2.65% 3,341,401.00 242.58 727.75
3/04

0.000072

2.65% 3,341,401.00 242.58 970.34
3/05

0.000072

2.65% 3,341,401.00 242.58 1,212.92
3/06

0.000072

2.65% 3,341,401.00 242.58 1,455.51
3/07

0.000072

2.65% 3,341,401.00 242.58 1,698.09
3/08

0.000072

2.65% 3,341,401.00 242.58 1,940.68
3/09

0.000072

2.65% 3,341,401.00 242.58 2,183.27
3/10

0.000072

2.65% 3,341,401.00 242.58 2,425.85
3/11

0.000072

2.65% 3,341,401.00 242.58 2,668.44
3/12

0.000072

2.65% 3,341,401.00 242.58 2,911.02
3/13

0.000072

2.65% 3,341,401.00 242.58 3,153.61
3/14

0.000072

2.65% 3,341,401.00 242.58 3,396.19
3/15

0.000072

2.65% 3,341,401.00 242.58 3,638.78
3/16

0.000072

2.65% 3,341,401.00 242.58 3,881.37
3/17

0.000072

2.65% 3,341,401.00 242.58 4,123.95
3/18

0.000072

2.65% 3,341,401.00 242.58 4,366.54
Daily Details
88 0.00

0.00 0.00

0.00 0.00
$7,520.16
09052927030200477902
3 4Page of
04779 LIA 703 20 09026
For the Period 3/1/26 to 3/31/26
Advice Date: March 31, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
TOTAL AMOUNT CREDITED FOR THIS PERIOD:
3/19

0.000072

2.65% 3,341,401.00 242.58 4,609.12
3/20

0.000072

2.65% 3,341,401.00 242.58 4,851.71
3/21

0.000072

2.65% 3,341,401.00 242.58 5,094.29
3/22

0.000072

2.65% 3,341,401.00 242.58 5,336.88
3/23

0.000072

2.65% 3,341,401.00 242.58 5,579.47
3/24

0.000072

2.65% 3,341,401.00 242.58 5,822.05
3/25

0.000072

2.65% 3,341,401.00 242.58 6,064.64
3/26

0.000072

2.65% 3,341,401.00 242.58 6,307.22
3/27

0.000072

2.65% 3,341,401.00 242.58 6,549.81
3/28

0.000072

2.65% 3,341,401.00 242.58 6,792.39
3/29

0.000072

2.65% 3,341,401.00 242.58 7,034.98
3/30

0.000072

2.65% 3,341,401.00 242.58 7,277.57
3/31

0.000072

2.65% 3,341,401.00 242.58 7,520.16
(Continued)
Daily Details
89 90

CITY OF MURRIETA
City Council Meeting Agenda
Report
6/2/2026
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 3 of Fiscal Year 2025/26

ABSTRACT
The Fiscal Year 2025/26 Treasurer’sReport for Quarter 3 (January-March 2026) is presented in compliance with California Government Code Section 53646(b) and the City’sInvestment Policy. As of March 31, 2026, the City’sinvestment portfolio had a total market value of $158.9 million, a book value of $156.1 million, and a stable yield-to-maturity of 4.32%. The LAIF balance totaled $62.1 million, after a $60 million transfer to the account late in the quarter, and had a yield of 3.876%. The Wells Fargo Cash Sweep Program and JPMorgan Account generated $479k in quarterly earnings.

RECOMMENDATION
Receive the Fiscal Year 2025/26 Treasurer’s Reports for Quarter 3 (January - March 2026.)

PRIOR ACTION/VOTE
On August 19, 2025, the City Council received the Treasurer’s Report for Quarter 4 of Fiscal Year 2024/25.

On November 18, 2025, the City Council received the Treasurer’s Report for Quarter 1 of Fiscal Year 2025/26.

On February 17, 2026, the City Council received the Treasurer’s Report for Quarter 2 of Fiscal Year 2025/26.

STRATEGIC ALIGNMENT
This item aligns with the City Council to: maintaining a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency relating to an administrative priority.

DISCUSSION
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 CITY OF MURRIETA Printed on 5/28/2026Page 1 of 5
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91 6/2/2026
Agenda Item No. 4.
investment portfolio and to advise on all investment-related matters. The purpose of this report is to present the investment earnings for the period January 1, 2026, through March 31, 2026 (Quarter 3).

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. The City also utilizes the Local Agency Investment Fund (LAIF), an investment pool operated by the State of California and used by most cities in California to manage the City’s short-term cash flow requirements. Wells Fargo’s“Cash Sweep 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. The City is beginning the process of transferring banking services from Wells Fargo to JPMorgan. Once banking services are fully transferred, JPMorgan will be taking over as the City’sprimary banking service provider. This complies with our Investment Policy and California Government Code
Section 53607.

Investment Portfolio Performance
As of March 31, 2026, the City’stotal market value (including accrued interest) of operating funds and liquidity investments totaled $158,971,132.11. The book value, or what the City actually paid for the investments, totaled $156,102,085.29. The fair market value of the City’s portfolio, less accrued interest, totaled $157,790,414.73. 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 $1,688,329.44. It is important to note that a loss or gain is realized when an investment is redeemed or sold before its maturity date. City’s investments are retained until the maturity date. Nonetheless, the City may elect to sell an investment before its maturity and record a capital gain or loss to manage the portfolio's quality, liquidity, or yield in response to market conditions or the City’s risk preferences. The portfolio’s total market value (including accrued interest), compared with the previous quarter, increased by $672,598.70, driven by higher investment income, offset by higher interest rates.

As of March 31, 2026, the portfolio's yield to maturity remained at 4.32% from December 31, 2025. During the third quarter of FY 2025-26, US Treasury yields increased across the curve on oil-related inflation concerns.

The 2-year US Treasury Note yield increased to 3.79% from 3.48%, while the 5-year Treasury increased to

3.92% from 3.73% over the reporting period. The Iranian conflict and the disruption of traffic through the Strait of Hormuz have increased crude oil prices injecting a potential inflationary shock into an economy already contending with sticky core prices around 3%. The Federal Reserve is signaling a cautionary stance, keeping open the option of delaying cuts if oil-related inflation proves to be persistent. The portfolio benefited from purchasing securities at wider spreads and higher US Treasury yields in March amid inflationary concerns driven by rising oil prices. The portfolio remains stable due to its high-quality assets.

Portfolio Duration
The investment portfolio had an average duration of 1.83 years as of March 31, 2026. 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 CITY OF MURRIETA Printed on 5/28/2026Page 2 of 5
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92 6/2/2026
Agenda Item No. 4.

The investment portfolio is allocated in compliance with California Government Code 53601. The sector allocation of the portfolio on March 31, 2026, was 17.38% in US Government Agency bonds, 26.52% in high- grade Corporate Bonds, 37.26% in U.S. Treasury bonds, 7.66% in Asset-Backed Securities (ABS), 1.16% in Supranational, 9.92% in Agency Collateralized Mortgage-Backed Securities, and 0.09% Money Market Fund.

Supranational is a financial institution owned by member countries to promote international development.

The following pie chart summarizes the asset allocation by sector. (The chart above may not sum to 100% due to rounding.)
Maturity Distribution
As of March 31, 2026, approximately 22.87% of the portfolio will mature in less than 1 year, 22.37% will mature in 1-2 years, 31.23% from 2-3 years, 15.77% from 3-4 years, and 7.77% 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 serve as the City’ssavings account, enabling 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.

The balance in LAIF, as of March 31, 2026, was $62,164,285.61. The annual yield on the LAIF portfolio was CITY OF MURRIETA Printed on 5/28/2026Page 3 of 5
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93 6/2/2026
Agenda Item No. 4.

The balance in LAIF, as of March 31, 2026, was $62,164,285.61. The annual yield on the LAIF portfolio was

3.876%, down 0.461% from the 4.313% earned at the end of March 2025.

Wells Fargo Cash Sweep Program
The Cash Sweep Program may include fixed, floating, or variable interest rates. The security selections for the Cash Sweep Program are based on several factors, including credit quality, yield, and maturity, while considering the fund’s overall liquidity and its weighted average maturity. The securities purchased are considered to present minimal credit risk. For the quarter ending March 31, 2026, the total cumulative earnings from the Cash Sweep Program were $463,151.18, with an Average Daily Yield of 3.618%.

JPMorgan Chase Balance
JPMorgan is not using a classic sweep account, but rather a Hybrid checking account. The Hybrid checking account offers functionality similar to an overnight sweep service. In the Hybrid checking account, balances earn an earnings credit allowance up to a predetermined threshold to offset bank service fees, with balances above that threshold earning hard-dollar interest. Thus, instead of sweeping the excess balance to a separate account each night, it remains in the checking account and earns interest.

In January, the City transferred $5,000,000 to begin the transition from Wells Fargo to JPMorgan. The balance in JPMorgan, as of March 31, 2026, was $ 3,341,401.00. The City began earning interest on the transferred funds and ended the quarter with cumulative interest earnings of $15,980.08 and an Average Daily Yield of

2.65%.

The graph below compares the investment yields for the Investment Portfolio, LAIF, and the Cash Sweep Program for the period ending March 31, 2025, to March 31, 2026. As shown in the table below, investment yields are responding to the Fed's rate reductions. The yield has decreased by approximately 50 basis points on average compared to last year.

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 CITY OF MURRIETA Printed on 5/28/2026Page 4 of 5
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94 6/2/2026
Agenda Item No. 4.

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, April through September 2026. All investments in the City’s portfolio comply with state law and the City’s adopted Investment Policy.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

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

ATTACHMENTS
ATT 1 - City of Murrieta Investment Report March 31, 2026 ATT 2 - LAIF Regular Monthly Statement March 31, 2026
ATT 3 - Wells Fargo Sweep Account Statements for January, February, and March 31, 2026 ATT 4 - JPMorgan Chase Account Statements for January, February, and March 31, 2026 ATT 5 - Portfolio Composition Chart as of March 31, 2026 CITY OF MURRIETA Printed on 5/28/2026Page 5 of 5
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95 INVESTMENT REPORT
City of Murrieta | As of March 31, 2026
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
96 TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

PORTFOLIO HOLDINGS

TRANSACTIONS
1 97

ECONOMIC UPDATE
2 98
▪
▪
▪
March payrolls reboundedby 178,000 after February’s revised 133,000 decline, but the war in Iran and its disruption of the Strait of Hormuz have pushed crude oil above $112, injecting a potential inflationary shock into an economy contending with sticky core prices above 3%.

The Federal Reserve has held the funds rate at 3.50–3.75% and is signaling a cautionary stance, keeping open the option of delaying cuts if oil‑related inflation proves persistent rather than transitory. As the data flow normalizes, the Chandler team anticipates additional yield curve steepening as the Federal Reserve gradually guides the policy rate toward a more neutral range. The Federal Reserve’s March dot plot still projects one cut this year, yet the Iran-driven energy shock has narrowed the path toward easing.

The Federal Reserve’s March 2026 FOMC meeting ended with policymakers again holding the target range at 3.50%–3.75%, as the Committee maintained its pause following three late ‑2025 rate cuts. Governor Stephen Miran dissented in favor of an additional quarter‑point reduction, while Christopher Waller joined the majority, tipping the vote 11–1 to leave the benchmark rate unchanged.

Meanwhile, President Trump’s nominationof Kevin Warsh to succeed Jerome Powell as chair has hit a roadblock after a Republican senator vowed to block Warsh’s confirmation amid the Justice Department’s ongoing probe of the central bank.

Treasury yields exhibited considerable first-quarter volatility as the Iran conflict injected energy-driven inflation fears into a market grappling with sticky core prices. At March month-end, the 2-year yield stood at 3.79%, up 32 basis points year-to-date, the 10-year at

4.32%, and the 30-year at 4.86%. The 2-year to 10-year spread narrowed to 52 basis points, reflecting pronounced flattening as short rates rose faster than longer maturities. One year ago, that spread stood near 32 basis points, providing context on normalization since the 2022 through 2024 yield curve inversion. The 3-month to 10-year spread was approximately 64 basis points at March month-end.

ECONOMIC UPDATE
3 99
Source: Bloomberg Indices Source: Bloomberg Indices

ENERGY MARKETS
U.S. energy markets proved volatile in March, as ongoing Middle East tensions pushed both Brent and WTI crude to a monthly high of $113 per barrel before prices pulled back, with Brent settling near $104 and WTI closing closer to $92, offering consumers modest relief.

Gasoline averaged $3.96 per gallon nationally while diesel sat at $5.38, with West Coast prices climbing above $6.00. According to the U.S. Energy Information Administration's (EIA) March 2026 Short-Term Energy Outlook, domestic output averaged 13.6 million barrels per day, helping buffer Americans from more severe price swings. The EIA projected fuel costs to ease through the second half of 2026 as conditions stabilized. Whether geopolitical tensions will subside quickly enough to bring lasting relief remains uncertain, and only time will tell how 2026 unfolds.
40 60
80 100
120
140
160
Oil Prices
West Texas Intermediate (WTI Spot Cushing)
Dated Brent (Global Spot)
Price Per Barrel (WTI Spot)

2.00 2.50

3.00 3.50

4.00 4.50

5.00 5.50

6.00 6.50
US Fuel Prices
Average Retail Price US Diesel
Average Retail Price US Gas
($) Per Gallon
4 100
-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%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
March nonfarm payrolls rose by 178,000, a decisive reversal from February’s revised 133,000 decline that had been distorted by a Kaiser Permanente strike affecting over 30,000 healthcare workers and severe winter weather. Healthcare contributed 76,000 positions as striking nurses returned, while construction and leisure rebounded from weather-induced troughs. The unemployment rate edged lowerto

4.3%, though partly from a labor force reduction rather than a hiring acceleration. Meanwhile, the underemployment rate edged up to

8.0% from 7.9% in February. Average hourly earnings rose 0.2% over the month and 3.5% year over year—the slowest annual pace since May 2021.

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

EMPLOYMENT
5 101
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
Job openings fell to 6.9 million in February from a revised 7.2 million in January, according to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. The ratio of openings to unemployed workers slipped to 0.9, reinforcing the gradual rebalancing of demand and supply. Hires decreased to 4.8 million, the lowest since April 2020, suggesting employers have grown selective about adding headcount. Quits were little changed at 3 million. The data reflects a labor market consistent with the Federal Reserve’s characterization of a no-hire, no-fire environment.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
6 102

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%
Personal Consumption Expenditures (PCE)
PCE Price Deflator
YOY % Change
PCE Core Deflator
YOY % Change
Fed Target
YOY (%) Change
Consumer Price Index (CPI) for March surged 0.9%, the highest monthly rate since June 2022, and was up 3.3% on an annual basis primarily due to spikes in energy and airfare prices. Notably, Core CPI was little changed with a monthly increase of 0.2% and an annual rise of 2.6% as costs for services and other goods remained subdued. Personal Consumption Expenditures (PCE) were little changed in February, with the headline PCE Price Index up 0.4% month-over-month and 2.8% year-over-year. The Fed’s preferred metric, Core PCE, which excludes food and energy, rose 0.4% during the month and 3.0% from February of 2025.

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

INFLATION
7 103

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
The Conference Board’s Consumer Confidence Index edged up to 91.8 in March from 91.0 in February, a second consecutive gain that nonetheless sits well below the all-time peak of 144.7 from early 2000. The Present Situation component rose 4.6 points to 123.3 on favorable assessments of business and labor conditions, while the Expectations Index slipped 1.7 points to 70.9. Inflation expectations climbed to their highest since August 2025, reflecting tariff passthrough and elevated gasoline prices. February retail sales rebounded

0.6% from January, with stronger auto and broad-based discretionary spending offsetting January’s weather- and vehicle-related weakness; the control group also advanced 0.5%, signaling firmer underlying consumer demand. 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
8 104
-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 Chicago Fed National Activity Index (CFNAI) fell to ‑0.11 in February, following a positive revision to 0.20 in January. The index’s three‑month moving average edgedup to ‑0.01 from ‑0.02 the prior month. Production and employment related indicators turned negative in February, while sales, orders, and inventories also remained in negative territory. The personal consumption and housing categories slipped modestly but stayed in positive territory. The Conference Board’s Leading Economic Index (LEI) declined 0.1% in January, an improvement from ‑0.2% in December, with consumer expectations and building permits the largest drags on the index. On a year‑over‑year basis, the LEI fell 3.8%, continuing to signal slower economic growth heading into 2026. Notably, the latest LEI data do not yet reflect the impact of the war in Iran.

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

LEADING INDICATORS OF ECONOMIC ACTIVITY
9 105
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts rose 7.2% in January to an annualized pace of 1.487 million units, including 935,000 single-family and 552,000 multifamily starts. The January S&P Cotality Case-Shiller 20-City Composite posted a 1.18% year-over-year gain, continuing deceleration from December’s revised 1.43% annual increase. Inflation again outpaced home price appreciation, extending the erosion of real housing returns that began in the second half of 2025. The Freddie Mac 30-year fixed mortgage rate climbed to 6.46% as of April 2, its fifth consecutive weekly rise, reversing progress made when rates dipped below 6% in February. Higher borrowing costs and elevated prices continue to constrain 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
10 106
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management’s Manufacturing Index rose to 52.7 in March from 52.4, the fastest factory expansion since August 2022 and a third consecutive month above 50. Production accelerated to 55.1 from 53.5, though new orders decelerated to 53.5 from 55.8.

The prices subindex leaped to 78.3 from 70.5, reflecting elevated energy costs, metals tariffs, and Iran-related supply disruptions.

Employment remained in contraction at 48.7. The Services Index eased to 54.0 in March from 56.1 in February but still posted its 21st consecutive month of expansion. The expansion was mainly from an increase in prices, amid higher oil and fuel costs. With both measures above the 50 threshold, ISM data point toward a resilient if cost-pressured economy.

Source: Institute for Supply Management

SURVEY BASED MEASURES
11 107
Components of GDP 3/25 6/25 9/25 12/25

0.4% 1.7% 2.3% 1.3%

3.8% -2.7% 0.0% 0.4%
-4.7% 4.8% 1.6% -0.2%
-0.4% -0.4% 0.2% -1.2%

0.2% 0.3% 0.2% 0.2%
-0.6% 3.8% 4.4% 0.5%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce The third and final estimate of real gross domestic product (GDP) showed fourth-quarter growth revised down to 0.5% from the initial

1.4% estimate. The slowdown from 4.4% in the third quarter primarily reflected a sharp pullback in government spending, as the federal government shutdown weighedon activity. The Bureau of Labor Statistics expects statistical distortions will persist into the spring due to data collection disruptions. Personal Consumption Expenditures also declined across both goods and services.

GROSS DOMESTIC PRODUCT (GDP)
12 108
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
The Federal Reserve left its benchmark interest rate unchanged in March, keeping the target range at 3.50% to 3.75% following three late‑2025 rate cuts that were justified by signs of softening in the labor market. The Federal Open Market Committee minutes showed some participants supported two-sided language on future rate direction given the upside risks to inflation and downside risks to employment being elevated. However, policymakers have grown waryof potential inflationary pressures stemming from tariffs, the war in Iran, and the ensuing spike in commodity prices. The Federal Reserve now projects just one rate cut in 2026, even as inflation expectations rise. The Committee also reaffirmed its December decision to halt balance sheet runoff and to reinvest principal and interest payments from its securities holdings, signaling a continued emphasis on maintaining ample reserves and supporting orderly market functioning.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
13 109
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 (%)

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%
US Treasury Yield Curve
Mar-26
Dec-25
Mar-25
Yield (%)
At March month-end, the 2-year Treasury yield stood at 3.79%, down approximately 9 basis points from one year ago, while the 10-year finished at 4.32%, roughly 11 basis points higher year-over-year. The spread between the two narrowed to 52 basis points, wider by 20 basis points year-over-year. The prior 2-year to 10-year inversion from July 2022 through August 2024 was historically long. The average spread since 2005 is approximately 95 basis points, suggesting the current slope sits well below its long-run norm. The 3-month to 10- year spread stood near 64 basis points at March month-end.

BOND YIELDS
14 110

ACCOUNT PROFILE
15 111

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. 16 112

STATEMENT OF COMPLIANCE
City of Murrieta | Account | As of March 31, 2026
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV) 20.0 9.9 Compliant
Max % Issuer (MV) 30.0 9.9 Compliant
Max Maturity (Years) 5.0 4.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 7.7 Compliant
Max % Issuer (MV) 5.0 0.8 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 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 26.5 Compliant
17 113

STATEMENT OF COMPLIANCE
City of Murrieta | Account | As of March 31, 2026
Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 5.0 1.3 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)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 17.4 Compliant
Max % Issuer (MV) 30.0 11.4 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

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

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.1 Compliant
Max % Issuer (MV) 10.0 0.1 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
18 114

STATEMENT OF COMPLIANCE
City of Murrieta | Account | As of March 31, 2026
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

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

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.2 Compliant
Max % Issuer (MV) 10.0 1.2 Compliant
Max Maturity (Years) 5 2 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 37.3 Compliant
Max Maturity (Years) 5 4 Compliant
19 115

PORTFOLIO CHARACTERISTICS
City of Murrieta | Account | As of March 31, 2026
Benchmark* 3/31/2026
Portfolio
12/31/2025
Portfolio
Average Maturity (yrs) 1.85 2.15 2.13
Average Modified Duration 1.76 1.83 1.81
Average Purchase Yield 4.32% 4.35%
Average Market Yield 3.81% 3.97% 3.69%
Average Quality** AA+ AA+ AA+
Total Market Value 158,971,132 158,298,533
*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. 20 116

SECTOR DISTRIBUTION
City of Murrieta | Account | As of March 31, 2026
Sector as a Percentage of Market Value
Sector 03/31/2026 12/31/2025
US Treasury 37.26% 36.89%
Corporate 26.52% 25.00%
Agency 17.38% 18.45%
Agency CMBS 9.92% 10.03%
ABS 7.66% 8.35%
Supras 1.16% 1.17%
Money Mkt Fd 0.09% 0.10%
21 117

ISSUERS
City of Murrieta | Account | As of March 31, 2026
Issuer Investment Type % Portfolio
United States US Treasury 37.26%
Federal Home Loan Banks Agency 11.38%
Federal Home Loan Mortgage Corp Agency CMBS 9.92%
Farm Credit System Agency 6.00%
Massachusetts Mutual Life Insurance Corporate 1.33%
Abbott Laboratories Corporate 1.25%
New York Life Insurance Company Corporate 1.25%
American Express Credit Master Trust ABS 1.21%
International Bank for Recon and Dev Supras 1.16%
Met Tower Global Funding Corporate 1.11%
Public Service Enterprise Group Corporate 1.09%
Deere & Company Corporate 1.08%
JPMorgan Chase & Co. Corporate 1.00%
Bank of Montreal Corporate 0.96%
PepsiCo, Inc. Corporate 0.96%
National Rural Utilities Cooperative Corporate 0.96%
Cisco Systems, Inc. Corporate 0.96%
Florida Power & Light Corporate 0.95%
Air Products and Chemicals, Inc. Corporate 0.93%
PACCAR Inc Corporate 0.92%
U.S. Bancorp Corporate 0.85%
Chase Issuance Trust ABS 0.84%
The Home Depot, Inc. Corporate 0.83%
Eli Lilly and Company Corporate 0.79%
Royal Bank of Canada Corporate 0.79%
UnitedHealth Group Incorporated Corporate 0.78%
State Street Corporation Corporate 0.77%
WF Card Issuance Trust ABS 0.77%
Verizon Master Trust ABS 0.67%
BMW Vehicle Lease Trust ABS 0.64%
22 118

ISSUERS
City of Murrieta | Account | As of March 31, 2026
Issuer Investment Type % Portfolio
Toyota Motor Corporation Corporate 0.64%
Bank of America Corporation Corporate 0.64%
Chubb Limited Corporate 0.63%
Northern Trust Corporation Corporate 0.63%
Northwestern Mutual Global Funding Corporate 0.63%
Caterpillar Inc. Corporate 0.63%
Duke Energy Corporation Corporate 0.63%
Amazon.com, Inc. Corporate 0.63%
John Deere Owner Trust ABS 0.60%
Honda Auto Receivables Owner Trust ABS 0.52%
Mercedes-Benz Auto Lease Trust ABS 0.51%
GM Financial Auto Leasing Trust ABS 0.50%
Mercedes-Benz Auto Receivables Trust ABS 0.49%
Blackrock, Inc. Corporate 0.48%
Hyundai Auto Receivables Trust ABS 0.37%
Morgan Stanley Corporate 0.36%
Target Corporation Corporate 0.36%
Alphabet Inc. Corporate 0.36%
BNY Mellon Corp Corporate 0.34%
BMW Vehicle Owner Trust ABS 0.30%
GM Financial Securitized Term ABS 0.23%
First American Govt Oblig Fund Money Mkt Fd 0.09%
Cash Cash 0.00%
TOTAL 100.00%
23 119

QUALITY DISTRIBUTION
Rating 03/31/2026 12/31/2025
AAA 9.39% 10.05%
AA 70.32% 70.96%
A 17.86% 16.48%
NA 2.43% 2.51%
Rating 03/31/2026 12/31/2025
Aaa 6.44% 7.62%
Aa 72.94% 71.38%
A 15.66% 15.85%
NA 4.97% 5.15%
Rating 03/31/2026 12/31/2025
AAA 13.77% 14.10%
AA 67.73% 67.76%
A 7.79% 7.86%
NA 10.71% 10.29%
City of Murrieta | Account | As of March 31, 2026
S&P Rating Moody’s Rating Fitch Rating
24 120

DURATION DISTRIBUTION
City of Murrieta | Account | As of March 31, 2026
Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
03/31/2026 4.0% 9.5% 14.9% 28.3% 26.4% 16.1% 0.9% 0.0% 0.0% 12/31/2025 3.8% 4.9% 18.6% 27.8% 32.0% 12.8% 0.0% 0.0% 0.0% 25 121
TOTAL RATE OF RETURN* 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception City of Murrieta 0.43% 4.18% 4.92% 4.57% 2.26% 2.26%
Benchmark 0.29% 3.75% 4.59% 4.04% 1.86% 1.91%
*Periods over 1 year are annualized.

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.

Benchmark: ICE BofA 1-3 Year US Treasury Index

INVESTMENT PERFORMANCE
City of Murrieta | Account | As of March 31, 2026
Total Rate of Return : Inception | 02/01/2020
26 122

PORTFOLIO HOLDINGS
27 123

HOLDINGS REPORT
City of Murrieta | Account | As of March 31, 2026
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
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 78,251.21 02/08/2024

5.09%
78,241.43
78,241.43
100.06

4.34%
78,300.90
121.70

0.05%

59.47 NA/AAA
AAA

0.97 0.08
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 213,235.82 06/20/2024

5.19%
212,103.00
212,103.00
100.10

4.06%
213,456.09
176.99

0.14%
1,353.09
Aaa/AAA
NA

0.98 0.11
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 329,666.00 05/17/2024

5.32%
329,627.43
329,627.43
100.53

4.12%
331,412.24
779.48

0.21%
1,784.81
Aaa/NA
AAA

1.80 0.42
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 479,123.06 09/17/2024

4.24%
479,042.42
479,042.42
100.04

4.20%
479,305.12
900.75

0.30%
262.70
NA/AAA
AAA

1.88 0.54
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 705,000.00 05/20/2025

4.58%
704,988.30
704,988.30
100.47

4.11%
708,345.93
986.61

0.45%
3,357.63
NA/AAA
AAA

2.14 0.92
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 811,159.26 02/13/2024

5.21%
811,123.98
811,123.98
100.67

4.14%
816,585.91
1,878.28

0.52%
5,461.94
Aaa/AAA
NA

2.38 0.58
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 09/07/2023

5.23%
1,319,634.10
1,319,634.10
100.54

3.99%
1,327,161.00
3,027.20

0.84%
7,526.90
NA/AAA
AAA

2.46 0.44
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 800,000.00 10/08/2025

3.97%
799,997.76
799,997.76

99.87 4.11%
798,920.00
529.33

0.51%
(1,077.76)
NA/AAA
AAA

2.49 1.26
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 273,251.87 03/11/2024

4.96%
273,236.56
273,236.56
100.58

4.15%
274,845.47
602.37

0.17%
1,608.91
Aaa/NA
AAA

2.63 0.67
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 476,913.26 06/04/2024

5.18%
476,840.82
476,840.82
100.66

4.30%
480,055.17
411.74

0.30%
3,214.35
Aaa/AAA
NA

2.91 0.70
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 770,000.00 05/14/2025

4.61%
769,906.14
769,906.14
100.72

4.21%
775,577.88
1,577.64

0.49%
5,671.74
NA/AAA
AAA

3.04 1.61
02582JKH2 AMXCA 2024-1 A 5.23 04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
101.32

3.97%
648,422.40
1,487.64

0.41%
8,553.60
NA/AAA
AAA

3.04 0.99
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 670,000.00 03/04/2025

4.23%
669,957.86
669,957.86
100.28

4.08%
671,871.98
1,259.60

0.43%
1,914.12
Aaa/NA
AAA

3.47 1.49
44935XAD7 HART 2025-B A3 4.36 12/17/2029 585,000.00 06/03/2025

4.36%
584,947.18
584,947.18
100.38

4.15%
587,207.21
1,133.60

0.37%
2,260.03
NA/AAA
AAA

3.71 1.49
92348KDY6 VZMT 2025-3 A1A 4.51
03/20/2030 1,050,000.00 03/25/2025

4.51%
1,049,954.85
1,049,954.85
100.45

4.31%
1,054,691.40
1,446.96

0.67%
4,736.55
Aaa/NA
AAA

3.97 0.93
02582JKP4 AMXCA 2025-2 A 4.28 04/15/2030 1,255,000.00 05/06/2025

4.28%
1,254,977.28
1,254,977.28
100.35

4.14%
1,259,344.81
2,387.29

0.80%
4,367.53
NA/AAA
AAA

4.04 1.91
28 124

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 370,000.00 05/06/2025

4.28%
369,945.54
369,945.54
100.19

4.17%
370,686.35
659.83

0.23%
740.81
Aaa/AAA
NA

4.04 1.28
92970QAJ4 WFCIT 2025-1 A 4.34 05/15/2030 1,210,000.00 06/03/2025

4.33%
1,209,979.91
1,209,979.91
100.52

4.12%
1,216,284.74
2,333.96

0.77%
6,304.83
NA/AAA
AAA

4.12 1.99
Total ABS 12,036,600.47 4.64%
12,034,373.36
12,034,373.36
100.47

4.13%
12,092,474.60
21,700.97

7.66%
58,101.24

3.08 1.13
AGENCY
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
100.10

3.72%
1,000,979.00
18,868.06

0.63%
3,289.00
Aa1/AA+
AA+

0.10 0.10
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
100.18

3.76%
2,003,674.00
28,763.89

1.27%
5,054.00
Aa1/AA+
AA+

0.20 0.20
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
100.42

3.70%
2,008,310.00
16,944.44

1.27%
830.00
Aa1/AA+
AA+

0.33 0.33
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
100.22

3.88%
2,410,204.42
14,129.38

1.53%
10,735.92
Aa1/AA+
AA+

0.37 0.36
3130AWTQ3 FEDERAL HOME LOAN BANKS

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

4.81%
4,476,030.00
4,476,030.00
100.39

3.73%
4,517,487.00
11,562.50

2.86%
41,457.00
Aa1/AA+
AA+

0.45 0.44
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
100.54

3.74%
1,759,483.25
30,126.74

1.12%
5,055.75
Aa1/AA+
AA+

0.63 0.61
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
100.29

3.75%
2,005,704.00
17,416.67

1.27%
10,144.00
Aa1/AA+
AA+

0.79 0.76
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
100.67

3.80%
1,006,672.00
625.00

0.64%
11,152.00
Aa1/AA+
AA+

0.99 0.96
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
101.00

3.74%
1,514,998.50
34,041.67

0.96%
18,883.50
Aa1/AA+
AA+

1.02 0.97
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
100.80

3.77%
1,007,964.00
16,375.00

0.64%
13,134.00
Aa1/AA+
AA+

1.14 1.08
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 3,000,000.00 03/24/2025

4.02%
3,039,480.00
3,039,480.00
101.21

3.84%
3,036,393.00
7,875.00

1.92%
(3,087.00)
Aa1/AA+
AA+

1.94 1.84
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
100.35

3.83%
2,007,052.00
24,888.89

1.27%
50,112.00
Aa1/AA+
AA+

2.19 2.05
29 125

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

99.88 3.80%
1,118,697.44
13,066.67

0.71%
11,454.24
Aa1/AA+
AA+

2.19 2.06
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
101.55

3.84%
2,031,046.00
2,250.00

1.29%
49,586.00
Aa1/AA+
AA+

2.48 2.32
27,200,864.20 100.57 27,428,664.61 17.38% 1.03
Total Agency 27,275,000.00 4.57% 27,200,864.20 3.78% 236,933.89 227,800.41 0.98

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

4.35%
1,890,546.88
1,890,546.88

99.38 3.93%
1,987,628.00
4,421.67

1.26%
97,081.12
Aa1/AA+
AAA

0.40 0.35
3137BTUM1 FHMS K-061 A2 3.347 11/25/2026 849,126.92 09/22/2022

4.23%
818,644.60
818,644.60

99.47 3.93%
844,584.94
2,368.36

0.54%
25,940.35
Aa1/AA+
AAA

0.65 0.56
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 853,926.53 --

4.09%
831,736.83
831,736.83

99.47 3.92%
849,401.57
2,440.81

0.54%
17,664.74
Aa1/AA+
AAA

0.82 0.65
3137F1G44 FHMS K-065 A2 3.243 04/25/2027 1,000,000.00 09/19/2022

4.08%
965,468.75
965,468.75

99.19 3.89%
991,905.00
2,702.50

0.63%
26,436.25
Aa1/AA+
AAA

1.07 0.95
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 1,207,232.73 05/18/2023

4.13%
1,159,650.79
1,159,650.79

98.74 3.97%
1,192,005.90
3,206.21

0.76%
32,355.11
Aa1/AAA
AA+

1.49 1.39
3137F4X72 FHMS K-075 A2 3.65 02/25/2028 1,165,000.00 09/14/2023

4.92%
1,107,478.13
1,107,478.13

99.09 4.06%
1,154,377.53
3,543.54

0.73%
46,899.40
Aa1/AA+
AAA

1.91 1.77
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

99.41 4.08%
1,242,653.75
4,062.50

0.79%
45,388.12
Aa1/AA+
AAA

2.40 2.22
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 2,000,000.00 05/07/2025

4.12%
1,990,703.13
1,990,703.13

99.76 4.08%
1,995,124.00
6,766.67

1.26%
4,420.87
Aaa/AA+
AA+

2.57 2.36
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

95.16 4.12%
1,427,335.50
2,825.00

0.90%
42,003.47
Aa1/AA+
AAA

2.82 2.59
3137FLMV3 FHMS K-090 A2 3.422 02/25/2029 2,000,000.00 03/27/2025

4.30%
1,932,500.00
1,932,500.00

98.08 4.09%
1,961,580.00
5,703.33

1.24%
29,080.00
Aa1/AAA
AA+

2.91 2.66
3137HA4B9 FHMS K-751 A2 4.412 03/25/2030 2,000,000.00 03/26/2025

4.37%
1,997,890.63
1,997,890.63
100.60

4.18%
2,011,984.00
7,353.33

1.28%
14,093.37
Aaa/AA+
AA+

3.98 3.29
15,277,217.39 98.97 15,658,580.19 9.92% 2.10
Total Agency CMBS 15,825,286.17 4.33% 15,277,217.39 4.04% 45,393.91 381,362.80 1.88 30 126

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 2,119.98 -- 2,119.98
2,119.98

1.00 2,119.98

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 2,119.98
2,119.98
2,119.98

1.00 2,119.98

0.00 0.00%

0.00 0.00

0.00 CORPORATE
57629W6F2 MASSMUTUAL GLOBAL FUNDING
II 4.5 04/10/2026 750,000.00 04/04/2023

4.52%
749,482.50
749,482.50
100.01

4.03%
750,072.00
16,031.25

0.48%
589.50
Aa3/AA+
AA+

0.03 0.03
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

99.90 4.38%
999,035.00
13,772.22

0.63%
44,815.00
A2/A
A

0.09 0.09
58989V2F0 MET TOWER GLOBAL FUNDING

5.4 06/20/2026 1,000,000.00 06/12/2023

5.38%
1,000,440.00
1,000,440.00
100.29

4.01%
1,002,900.00
15,150.00

0.64%
2,460.00
Aa3/AA-
AA-

0.22 0.22
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00
100.30

4.17%
1,454,368.85
10,373.54

0.92%
2,443.85
A1/A+
NA

0.36 0.35
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 1,000,000.00 09/13/2023

5.57%
998,810.00
998,810.00
100.43

4.34%
1,004,319.00
6,600.50

0.64%
5,509.00
Aa2/A+
AA

0.38 0.29
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
100.53

4.23%
512,698.41
10,237.19

0.32%
2,836.11
A1/A+
NA

0.61 0.50
48125LRU8 JPMORGAN CHASE BANK NA 5.11
12/08/2026 1,575,000.00 --

5.08%
1,576,460.00
1,576,460.00
100.56

4.26%
1,583,823.15
25,262.56

1.00%
7,363.15
Aa2/AA-
AA

0.69 0.58
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
100.31

4.08%
1,003,131.00
10,375.00

0.64%
3,671.00
A1/A
A+

0.77 0.74
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
100.52

4.20%
1,251,502.64
12,138.75

0.79%
6,813.89
A1/A
AA-

0.80 0.77
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
100.61

4.10%
1,509,123.00
7,000.00

0.96%
8,313.00
A1/AA-
NA

0.91 0.79
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
100.68

4.26%
1,218,280.03
2,181.66

0.77%
8,280.03
Aa3/A
AA-

0.96 0.85
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

99.88 4.11%
998,806.00
15,666.67

0.63%
8,346.00
A2/A+
A+

1.11 1.06
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

97.63 4.03%
1,464,415.50
10,483.33

0.93%
92,470.50
A2/A
NA

1.12 1.09
31 127

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60
100.96

4.06%
747,138.04
9,620.00

0.47%
8,592.44
A2/A
A

1.24 1.10
09290DAH4 BLACKROCK INC 4.6 07/26/2027 750,000.00 07/18/2024

4.57%
750,645.00
750,645.00
100.68

4.06%
755,094.75
6,229.17

0.48%
4,449.75
Aa3/AA-
NA

1.32 1.18
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
100.13

4.05%
1,251,573.75
6,772.57

0.79%
(63.75)
Aa3/A+
NA

1.37 1.23
023135BC9 AMAZON.COM INC 3.15
08/22/2027 1,000,000.00 07/30/2024

4.55%
960,450.00
960,450.00

98.79 4.05%
987,901.00
3,412.50

0.63%
27,451.00
A1/AA
AA-

1.39 1.34
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
100.57

4.15%
1,005,697.00
1,390.28

0.64%
15,797.00
A1/A+
A+

1.47 1.41
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

99.50 4.25%
994,994.00
19,500.00

0.63%
(4,826.00)
Aa1/AA+
AAA

1.50 1.44
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

98.19 4.18%
1,227,313.75
17,003.47

0.78%
38,013.75
A2/A+
A

1.54 1.46
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 700,000.00 01/06/2025

4.66%
699,790.00
699,790.00
100.91

4.10%
706,398.70
7,595.00

0.45%
6,608.70
A1/A
A+

1.77 1.67
64952WCX9 NEW YORK LIFE GLOBAL FUNDING

3.0 01/10/2028 1,000,000.00 08/26/2025

4.04%
976,720.00
976,720.00

97.91 4.23%
979,085.00
6,750.00

0.62%
2,365.00
Aa1/AA+
AAA

1.78 1.69
63743HFW7

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.75
02/07/2028
1,500,000.00 06/17/2025

4.40%
1,512,345.00
1,512,345.00
100.74

4.33%
1,511,104.50
10,687.50

0.96%
(1,240.50)
A2/NA
A

1.86 1.67
57629TBW6 MASSMUTUAL GLOBAL FUNDING
II 4.45 03/27/2028 1,340,000.00 03/20/2025

4.49%
1,338,405.40
1,338,405.40
100.32

4.28%
1,344,274.60
662.56

0.85%
5,869.20
Aa3/AA+
AA+

1.99 1.88
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

98.82 4.30%
741,136.50
11,562.50

0.47%
26,131.50
A1/A
NA

2.08 1.95
90331HPS6 US BANK NA 4.73 05/15/2028 1,330,000.00 05/12/2025

4.88%
1,330,000.00
1,330,000.00
100.36

4.47%
1,334,835.88
23,765.62

0.85%
4,835.88
A2/A+
A+

2.12 1.06
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
100.40

4.20%
1,506,010.50
24,933.33

0.95%
21,985.50
Aa2/A+
AA-

2.12 1.83
87612EBU9 TARGET CORP 4.35 06/15/2028 570,000.00 06/05/2025

4.35%
569,994.30
569,994.30
100.47

4.12%
572,652.21
7,300.75

0.36%
2,657.91
A2/A
A

2.21 1.98
26444HAE1 DUKE ENERGY FLORIDA LLC 3.8
07/15/2028 1,000,000.00 06/04/2025

4.32%
985,120.00
985,120.00

99.03 4.24%
990,346.00
8,022.22

0.63%
5,226.00
A1/A
NA

2.29 2.15
32 128

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
66815L2X6

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.125
08/25/2028
1,000,000.00 08/25/2025

4.03%
1,002,660.00
1,002,660.00

99.67 4.27%
996,696.00
4,125.00

0.63%
(5,964.00)
Aa1/AA+
AAA

2.40 2.25
74456QBX3 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.65 09/01/2028 1,000,000.00 07/24/2025

4.23%
983,400.00
983,400.00

98.62 4.26%
986,202.00
3,041.67

0.63%
2,802.00
A1/A
NA

2.42 2.28
437076DH2 HOME DEPOT INC 3.75
09/15/2028 570,000.00 09/08/2025

3.77%
569,629.50
569,629.50

99.36 4.02%
566,367.96
950.00

0.36%
(3,261.54)
A2/A
A

2.46 2.32
14913UBD1 CATERPILLAR FINANCIAL SERVICES
CORP 3.95 11/14/2028 1,000,000.00 11/26/2025

3.83%
1,003,180.00
1,003,180.00

99.52 4.14%
995,213.00
15,031.94

0.63%
(7,967.00)
A2/A
A+

2.62 2.43
58989V2M5 MET TOWER GLOBAL FUNDING

4.0 01/14/2029 750,000.00 01/07/2026

4.05%
749,032.50
749,032.50

98.95 4.40%
742,137.75
6,416.67

0.47%
(6,894.75)
Aa3/AA-
AA-

2.79 2.59
713448GL6 PEPSICO INC 4.1 01/15/2029 1,000,000.00 07/24/2025

4.19%
997,190.00
997,190.00

99.94 4.12%
999,422.00
8,655.56

0.63%
2,232.00
A1/A+
NA

2.79 2.59
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 1,500,000.00 01/24/2025

4.96%
1,501,860.00
1,501,860.00
100.90

4.43%
1,513,452.00
13,344.00

0.96%
11,592.00
A2/A-
AA-

2.83 1.71
02079KBJ5 ALPHABET INC 3.7 02/15/2029 570,000.00 02/09/2026

3.83%
567,930.90
567,930.90

99.14 4.02%
565,101.42
2,812.00

0.36%
(2,829.48)
Aa2/AA+
NA

2.88 2.68
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 2,000,000.00 03/23/2026

4.17%
1,974,180.00
1,974,180.00

98.81 4.13%
1,976,212.00
4,522.22

1.25%
2,032.00
Aa3/A+
NA

2.94 2.75
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 580,000.00 10/17/2025

4.36%
580,000.00
580,000.00

98.84 4.61%
573,270.84
10,587.37

0.36%
(6,729.16)
A1/A-
A+

3.55 2.35
06406RCG0 BANK OF NEW YORK MELLON
CORP 4.026 01/22/2030 535,000.00 01/14/2026

4.09%
535,000.00
535,000.00

99.00 4.36%
529,644.65
4,128.33

0.34%
(5,355.35)
Aa3/A
AA-

3.81 2.61
Total Corporate 41,925,000.00 4.58%
41,514,329.25
41,514,329.25

99.83 4.20%
41,851,750.38
394,094.90

26.52%
337,421.13

1.64 1.43

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 136,000.50 --

3.55%
136,000.50
136,000.50

1.00 3.55%
136,000.50

0.00 0.09%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 136,000.50 3.55%
136,000.50
136,000.50

1.00 3.55%
136,000.50

0.00 0.09%

0.00 0.00

0.00 33
129

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

SUPRANATIONAL
459058LT8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.625 05/05/2028
1,335,000.00 04/29/2025

3.70%
1,332,036.30
1,332,036.30

99.62 3.81%
1,329,969.72
19,626.35

0.84%
(2,066.58)
Aaa/AAA
NA

2.10 1.97
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

99.32 3.81%
496,580.00
3,840.28

0.31%
13,465.00
Aaa/AAA
NA

2.28 2.15
Total Supranational 1,835,000.00 3.86%
1,815,151.30
1,815,151.30

99.54 3.81%
1,826,549.72
23,466.63

1.16%
11,398.42

2.15 2.02

US TREASURY
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

98.92 3.77%
2,967,552.00
22,707.18

1.88%
200,520.75
Aa1/AA+
AA+

0.63 0.61
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

98.60 3.84%
1,971,954.00
9,116.02

1.25%
84,844.62
Aa1/AA+
AA+

1.33 1.29
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

99.02 3.84%
2,475,487.50
6,793.48

1.57%
30,370.31
Aa1/AA+
AA+

1.42 1.36
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
100.41

3.84%
1,606,563.20
180.33

1.02%
11,063.20
Aa1/AA+
AA+

1.50 1.44
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

97.51 3.85%
1,365,163.80
11,921.27

0.87%
66,226.30
Aa1/AA+
AA+

1.63 1.56
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

99.43 3.82%
1,491,445.50
8,701.66

0.95%
24,375.19
Aa1/AA+
AA+

1.84 1.75
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

98.08 3.82%
2,697,255.00
9,400.90

1.71%
12,997.19
Aa1/AA+
AA+

1.88 1.80
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

97.89 3.81%
2,447,265.00
8,934.74

1.55%
72,460.31
Aa1/AA+
AA+

2.38 2.26
91282CNY3 UNITED STATES TREASURY 3.375
09/15/2028 3,000,000.00 09/29/2025

3.64%
2,978,203.13
2,978,203.13

98.97 3.82%
2,969,064.00
4,677.31

1.88%
(9,139.13)
Aa1/AA+
AA+

2.46 2.33
91282CPC9 UNITED STATES TREASURY 3.5
10/15/2028 2,500,000.00 11/10/2025

3.58%
2,494,433.59
2,494,433.59

99.22 3.82%
2,480,567.50
40,384.62

1.57%
(13,866.09)
Aa1/AA+
AA+

2.54 2.37
91282CDF5 UNITED STATES TREASURY 1.375
10/31/2028 2,500,000.00 09/16/2025

3.50%
2,344,433.59
2,344,433.59

94.04 3.82%
2,350,977.50
14,433.70

1.49%
6,543.91
Aa1/AA+
AA+

2.59 2.48
34 130

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

98.26 3.83%
1,965,156.00
23,653.31

1.25%
94,531.00
Aa1/AA+
AA+

2.63 2.46
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 2,300,000.00 12/30/2025

3.50%
2,299,820.31
2,299,820.31

99.17 3.82%
2,280,953.70
23,663.46

1.45%
(18,866.61)
Aa1/AA+
AA+

2.71 2.53
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,250,000.00 01/30/2025

4.31%
2,244,726.56
2,244,726.56
101.15

3.83%
2,275,839.00
8,315.22

1.44%
31,112.44
Aa1/AA+
AA+

2.91 2.71
91282CEM9 UNITED STATES TREASURY 2.875
04/30/2029 2,750,000.00 10/30/2025

3.64%
2,681,787.11
2,681,787.11

97.22 3.84%
2,673,517.00
33,197.51

1.69%
(8,270.11)
Aa1/AA+
AA+

3.08 2.88
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 10/29/2024

4.10%
1,991,093.75
1,991,093.75
100.45

3.86%
2,008,906.00
13,259.67

1.27%
17,812.25
Aa1/AA+
AA+

3.33 3.08
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

97.64 3.87%
2,685,223.75
7,472.83

1.70%
66,493.28
Aa1/AA+
AA+

3.42 3.19
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 1,700,000.00 02/12/2025

4.49%
1,665,203.13
1,665,203.13
100.40

3.88%
1,706,772.80
28,552.49

1.08%
41,569.67
Aa1/AA+
AA+

3.59 3.25
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 3,000,000.00 03/24/2025

4.06%
2,976,679.69
2,976,679.69

99.98 3.88%
2,999,298.00
38,962.91

1.90%
22,618.31
Aa1/AA+
AA+

3.67 3.34
91282CGB1 UNITED STATES TREASURY 3.875
12/31/2029 3,000,000.00 07/30/2025

3.91%
2,995,312.50
2,995,312.50

99.93 3.89%
2,998,008.00
29,223.07

1.90%
2,695.50
Aa1/AA+
AA+

3.75 3.43
91282CGJ4 UNITED STATES TREASURY 3.5
01/31/2030 3,000,000.00 02/25/2026

3.55%
2,994,375.00
2,994,375.00

98.61 3.89%
2,958,282.00
17,403.31

1.87%
(36,093.00)
Aa1/AA+
AA+

3.84 3.53
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030 3,000,000.00 12/09/2025

3.75%
2,969,296.88
2,969,296.88

98.48 3.91%
2,954,298.00
44,088.40

1.87%
(14,998.88)
Aa1/AA+
AA+

4.08 3.71
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 3,500,000.00 03/13/2026

3.83%
3,488,789.06
3,488,789.06

99.39 3.91%
3,478,671.00
43,990.38

2.20%
(10,118.06)
Aa1/AA+
AA+

4.17 3.77
91282CHR5 UNITED STATES TREASURY 4.0
07/31/2030 1,500,000.00 03/26/2026

4.02%
1,498,945.31
1,498,945.31
100.32

3.92%
1,504,746.00
9,944.75

0.95%
5,800.69
Aa1/AA+
AA+

4.33 3.92
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 1,500,000.00 01/29/2026

3.79%
1,489,746.09
1,489,746.09

98.75 3.93%
1,481,308.50
148.57

0.94%
(8,437.59)
Aa1/AA+
AA+

4.50 4.11
58,122,029.30 98.83 58,794,274.75 37.26% 2.85
Total US Treasury 59,500,000.00 3.95% 58,122,029.30 3.85% 459,127.08 672,245.45 2.64 156,102,085.29 99.46 157,790,414.73 100.00% 2.15
Total Portfolio 158,535,007.12 4.32% 156,102,085.29 3.97% 1,180,717.39 1,688,329.44 1.83 Total Market Value +
Accrued 158,971,132.11
35 131

TRANSACTIONS
36 132

TRANSACTION LEDGER
City of Murrieta | Account |01/01/2026 Through 03/31/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/14/2026 58989V2M5 750,000.00

MET TOWER GLOBAL
FUNDING 4.0
01/14/2029

99.871 4.05% (749,032.50) 0.00 (749,032.50) 0.00
Purchase 01/22/2026 06406RCG0 535,000.00

BANK OF NEW YORK
MELLON CORP 4.026
01/22/2030
100.000 4.09% (535,000.00) 0.00 (535,000.00) 0.00
Purchase 01/30/2026 91282CPA3 1,500,000.00

UNITED STATES
TREASURY 3.625
09/30/2030

99.316 3.79% (1,489,746.09) (18,224.59) (1,507,970.68) 0.00 Purchase 02/13/2026 02079KBJ5 570,000.00 ALPHABET INC 3.7 02/15/2029 99.637 3.83% (567,930.90) 0.00 (567,930.90) 0.00 Purchase 02/26/2026 91282CGJ4 3,000,000.00

UNITED STATES
TREASURY 3.5
01/31/2030

99.813 3.55% (2,994,375.00) (7,541.43) (3,001,916.43) 0.00 Purchase 03/16/2026 91282CHF1 3,500,000.00

UNITED STATES
TREASURY 3.75
05/31/2030

99.680 3.83% (3,488,789.06) (38,221.15) (3,527,010.21) 0.00 Purchase 03/24/2026 002824BR0 2,000,000.00
ABBOTT
LABORATORIES 3.7
03/09/2029

98.709 4.17% (1,974,180.00) (3,083.34) (1,977,263.34) 0.00 Purchase 03/27/2026 91282CHR5 1,500,000.00

UNITED STATES
TREASURY 4.0
07/31/2030

99.930 4.02% (1,498,945.31) (9,116.02) (1,508,061.33) 0.00 Total Purchase 13,355,000.00 (13,297,998.86) (76,186.53) (13,374,185.39) 0.00 TOTAL
ACQUISITIONS 13,355,000.00 (13,297,998.86) (76,186.53) (13,374,185.39) 0.00

DISPOSITIONS
Maturity 01/22/2026 3133EPW68 (1,400,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.125 01/22/2026
100.000 4.40% 1,400,000.00 0.00 1,400,000.00 7,140.00
Maturity 02/23/2026 037833BY5 (1,000,000.00) APPLE INC 3.25 02/23/2026 100.000 4.72% 1,000,000.00 0.00 1,000,000.00 40,610.00 Total Maturity (2,400,000.00) 2,400,000.00 0.00 2,400,000.00 47,750.00 37 133

UNITED STATES
TREASURY 2.25
03/31/2026

99.711 3.74% 598,265.63 3,745.88 602,011.51 27,585.94
Sale 02/11/2026 9128286L9 (1,900,000.00)

UNITED STATES
TREASURY 2.25
03/31/2026

99.816 3.74% 1,896,511.72 15,737.64 1,912,249.36 89,359.38 Sale 03/16/2026 91282CEF4 (2,500,000.00)

UNITED STATES
TREASURY 2.5
03/31/2027

98.809 4.02% 2,470,214.84 28,674.45 2,498,889.29 120,800.78 Sale 03/16/2026 91282CEW7 (1,300,000.00)

UNITED STATES
TREASURY 3.25
06/30/2027

99.391 3.87% 1,292,078.13 8,753.45 1,300,831.58 25,390.63 Sale 03/24/2026 91282CGV7 (2,000,000.00)

UNITED STATES
TREASURY 3.75
04/15/2026
100.004 4.63% 2,000,078.13 32,967.03 2,033,045.16 34,375.00 Total Sale (8,300,000.00) 8,257,148.45 89,878.45 8,347,026.90 297,511.73 TOTAL
DISPOSITIONS (10,700,000.00) 10,657,148.45 89,878.45 10,747,026.90 345,261.73 38 134

IMPORTANT DISCLOSURES
2026 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.

BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 1-3 Yr US Treasury Index
The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance. 40 136
MALIA M. COHEN
California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name MURRIETA
Account Number
As of 4/15/2026, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 3/31/2026.

Earnings Ratio 0.00010906180047888
Interest Rate 3.98%
Dollar Day Total $ 5,593,097,132.00
Quarter End Principal Balance $ 62,164,285.61
Quarterly Interest Earned $ 609,993.24
4/15/26, 8:47 AM laif.sco.ca.gov/Home/Result/86e7d843-9281-4920-a007-fb8c47bcead4 https://laif.sco.ca.gov/Home/Result/86e7d843-9281-4920-a007-fb8c47bcead4 1/1137

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 01/01/2026 THROUGH 01/31/2026

FOR QUESTIONS, PLEASE CONTACT GLOBAL PAYMENTS AND LIQUIDITY SERVICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
1-01-2026 Beginning Balance 44,458,416.17
1-02-2026 Next Day Sweep Purchase 66,379.26
1-05-2026 Next Day Sweep Purchase 387,181.54
1-06-2026 Next Day Sweep Purchase 2,703,452.32
1-07-2026 Sweep Funds Return To DDA 825,774.38
1-08-2026 Sweep Funds Return To DDA 2,142,853.93
1-09-2026 Sweep Funds Return To DDA 17,827.25
1-12-2026 Next Day Sweep Purchase 604,580.62
1-13-2026 Sweep Funds Return To DDA 319,894.47
1-14-2026 Sweep Funds Return To DDA 459,228.32
1-15-2026 Sweep Funds Return To DDA 116,910.85
1-16-2026 Sweep Funds Return To DDA 60,970.15
1-20-2026 Sweep Funds Return To DDA 97,774.91
1-21-2026 Sweep Funds Return To DDA 2,135,935.80
1-22-2026 Next Day Sweep Purchase 467,745.21
1-23-2026 Next Day Sweep Purchase 457,441.07
1-26-2026 Sweep Funds Return To DDA 683,273.58
1-27-2026 Sweep Funds Return To DDA 489,719.43
1-28-2026 Sweep Funds Return To DDA 507,610.84
1-29-2026 Next Day Sweep Purchase 17,859,126.90
1-30-2026 Next Day Sweep Purchase 25,397.87
1-31-2026 Ending Balance 59,171,947.05
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 01-01* 44,458,416.17 3.742 % .000102547 4,559.08
01-02 44,524,795.43 3.684 % .000100946 4,494.60
01-03* 44,524,795.43 3.684 % .000100946 4,494.60
01-04* 44,524,795.43 3.684 % .000100946 4,494.60
01-05 44,911,976.97 3.675 % .000100692 4,522.28
01-06 47,615,429.29 3.639 % .000099724 4,748.40
01-07 46,789,654.91 3.629 % .000099439 4,652.72

Page 1 of 2 ends

CITY OF MURRIETA

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

FUND SUMMARY
Dividends Earned YTD 140,538.61
Federal Withholding YTD .00
7-Day Simple Yield 3.62686 %
Federal Withholding .00
Beginning Balance 44,458,416.17
Shares Purchased 22,571,304.79 +
Shares Redeemed 7,857,773.91 -
Ending Balance 59,171,947.05
Prior Month Dividends Paid to Checking 245,220.63
Dividends Earned in Current Month 140,538.61
Funds Pending Redemption 19,476.44-
138

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 01-08 44,646,800.98 3.616 % .000099090 4,424.05
01-09 44,628,973.73 3.619 % .000099172 4,425.94
01-10* 44,628,973.73 3.619 % .000099172 4,425.94
01-11* 44,628,973.73 3.619 % .000099172 4,425.94
01-12 45,233,554.35 3.625 % .000099342 4,493.59
01-13 44,913,659.88 3.625 % .000099331 4,461.32
01-14 44,454,431.56 3.622 % .000099243 4,411.79
01-15 44,337,520.71 3.626 % .000099344 4,404.67
01-16 44,276,550.56 3.626 % .000099350 4,398.88
01-17* 44,178,775.65 3.626 % .000099350 4,389.16
01-18* 44,178,775.65 3.626 % .000099350 4,389.16
01-19* 44,178,775.65 3.626 % .000099350 4,389.16
01-20 44,178,775.65 3.623 % .000099264 4,385.36
01-21 42,042,839.85 3.618 % .000099125 4,167.50
01-22 42,510,585.06 3.617 % .000099100 4,212.80
01-23 42,968,026.13 3.628 % .000099398 4,270.94
01-24* 42,284,752.55 3.628 % .000099398 4,203.02
01-25* 42,284,752.55 3.628 % .000099398 4,203.02
01-26 42,284,752.55 3.635 % .000099608 4,211.90
01-27 41,795,033.12 3.633 % .000099560 4,161.11
01-28 41,287,422.28 3.623 % .000099264 4,098.35
01-29 59,146,549.18 3.622 % .000099254 5,870.53
01-30 59,171,947.05 3.624 % .000099288 5,875.06
01-31* 59,152,470.61 3.624 % .000099288 5,873.13
TOTAL MTD 140,538.60
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

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

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
01/01/2026 - 01/31/2026

Page 2 of 2 ends

Account Number - DDA
139

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 02/01/2026 THROUGH 02/28/2026

FOR QUESTIONS, PLEASE CONTACT GLOBAL PAYMENTS AND LIQUIDITY SERVICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
2-01-2026 Beginning Balance 59,171,947.05
2-02-2026 Sweep Funds Return To DDA 19,476.44
2-03-2026 Next Day Sweep Purchase 863,097.16
2-04-2026 Next Day Sweep Purchase 100,705.16
2-05-2026 Sweep Funds Return To DDA 2,252,593.81
2-06-2026 Next Day Sweep Purchase 112,246.83
2-09-2026 Sweep Funds Return To DDA 3,920,732.28
2-10-2026 Sweep Funds Return To DDA 1,853,393.10
2-11-2026 Next Day Sweep Purchase 221,323.68
2-12-2026 Next Day Sweep Purchase 7,015.92
2-13-2026 Sweep Funds Return To DDA 153,965.80
2-17-2026 Sweep Funds Return To DDA 468,416.20
2-18-2026 Next Day Sweep Purchase 4,264,310.81
2-19-2026 Sweep Funds Return To DDA 75,298.74
2-20-2026 Sweep Funds Return To DDA 275,511.18
2-23-2026 Sweep Funds Return To DDA 393,540.96
2-24-2026 Next Day Sweep Purchase 73,601.37
2-25-2026 Next Day Sweep Purchase 5,250,719.65
2-26-2026 Sweep Funds Return To DDA 512,677.43
2-27-2026 Sweep Funds Return To DDA 42,349.13
2-28-2026 Ending Balance 60,097,012.56
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 02-01* 59,152,470.61 3.624 % .000099288 5,873.13
02-02 59,152,470.61 3.636 % .000099624 5,893.01
02-03 60,015,567.77 3.635 % .000099592 5,977.07
02-04 60,116,272.93 3.611 % .000098948 5,948.38
02-05 57,863,679.12 3.609 % .000098885 5,721.85
02-06 57,975,925.95 3.608 % .000098876 5,732.43
02-07* 54,055,193.67 3.608 % .000098876 5,344.76
02-08* 54,055,193.67 3.608 % .000098876 5,344.76

Page 1 of 2 ends

CITY OF MURRIETA

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

FUND SUMMARY
Dividends Earned YTD 295,613.27
Federal Withholding YTD .00
7-Day Simple Yield 3.62730 %
Federal Withholding .00
Beginning Balance 59,171,947.05
Shares Purchased 10,893,020.58 +
Shares Redeemed 9,967,955.07 -
Ending Balance 60,097,012.56
Prior Month Dividends Paid to Checking 140,538.61
Dividends Earned in Current Month 155,074.66
Funds Pending Investment 385,093.24
140

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 02-09 54,055,193.67 3.604 % .000098748 5,337.84
02-10 52,201,800.57 3.608 % .000098867 5,161.04
02-11 52,423,124.25 3.610 % .000098924 5,185.91
02-12 52,430,140.17 3.610 % .000098905 5,185.60
02-13 52,276,174.37 3.618 % .000099129 5,182.08
02-14* 51,807,758.17 3.618 % .000099129 5,135.65
02-15* 51,807,758.17 3.618 % .000099129 5,135.65
02-16* 51,807,758.17 3.618 % .000099129 5,135.65
02-17 51,807,758.17 3.634 % .000099578 5,158.91
02-18 56,072,068.98 3.664 % .000100397 5,629.47
02-19 55,996,770.24 3.628 % .000099407 5,566.47
02-20 55,721,259.06 3.619 % .000099151 5,524.82
02-21* 55,327,718.10 3.619 % .000099151 5,485.80
02-22* 55,327,718.10 3.619 % .000099151 5,485.80
02-23 55,327,718.10 3.619 % .000099163 5,486.46
02-24 55,401,319.47 3.624 % .000099306 5,501.68
02-25 60,652,039.12 3.624 % .000099312 6,023.48
02-26 60,139,361.69 3.621 % .000099210 5,966.43
02-27 60,097,012.56 3.629 % .000099427 5,975.27
02-28* 60,097,012.56 3.629 % .000099427 5,975.27
TOTAL MTD 155,074.67
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

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

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
02/01/2026 - 02/28/2026

Page 2 of 2 ends

Account Number - DDA
141

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 03/01/2026 THROUGH 03/31/2026

FOR QUESTIONS, PLEASE CONTACT GLOBAL PAYMENTS AND LIQUIDITY SERVICE AT 1-800-AT-WELLS (1-800-289-3557).

Page 1 of 2 ends

CITY OF MURRIETA

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

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 03-06 56,840,294.39 3.597 % .000098563 5,602.35
03-07* 56,281,902.19 3.597 % .000098563 5,547.31
03-08* 56,281,902.19 3.597 % .000098563 5,547.31
03-09 56,281,902.19 3.599 % .000098607 5,549.79
03-10 56,061,950.93 3.590 % .000098374 5,515.04
03-11 55,274,845.44 3.590 % .000098378 5,437.83
03-12 55,185,118.82 3.594 % .000098487 5,435.02
03-13 55,209,915.35 3.597 % .000098566 5,441.82
03-14* 55,209,915.35 3.597 % .000098566 5,441.82
03-15* 55,209,915.35 3.597 % .000098566 5,441.82
03-16 55,418,530.85 3.619 % .000099158 5,495.19
03-17 55,012,510.02 3.605 % .000098783 5,434.30
03-18 52,722,406.91 3.586 % .000098249 5,179.92
03-19 51,856,874.34 3.579 % .000098075 5,085.86
03-20 51,576,266.72 3.580 % .000098091 5,059.17
03-21* 51,576,266.72 3.580 % .000098091 5,059.17
03-22* 51,576,266.72 3.580 % .000098091 5,059.17
03-23 51,579,280.95 3.582 % .000098138 5,061.89
03-24 50,996,302.32 3.584 % .000098212 5,008.45
03-25 49,799,637.06 3.596 % .000098533 4,906.91
03-26 54,136,732.54 3.597 % .000098558 5,335.61
03-27 54,001,792.63 3.595 % .000098508 5,319.61
03-28* 54,001,792.63 3.595 % .000098508 5,319.61
03-29* 54,001,792.63 3.595 % .000098508 5,319.61
03-30 54,077,258.19 3.595 % .000098495 5,326.34
03-31 53,896,604.81 3.608 % .000098867 5,328.60
TOTAL MTD 167,537.93
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

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

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
03/01/2026 - 03/31/2026

Page 2 of 2 ends

Account Number - DDA
143

CUSTOMER SERVICE INFORMATION
03052927030200478801
1 4Page of
Commercial Checking With Interest
04788 LIA 703 020 03026 - NNNNNNNNNNNN 0000
JPMorgan Chase Bank, N.A.

P O Box 182051
Columbus OH 43218- 2051
For the Period 1/1/26 to 1/31/26
Advice Date: January 31, 2026
Account:

CITY OF MURRIETA

GENERAL
1 TOWN SQUARE
MURRIETA CA 92562
Annual Percentage Yield *

2.68%
Rate

0.00%
Day Basis
365
Compounding Method
Monthly
Average Daily Balance
$739,181.80
If you have any questions about this
notice, please contact your Customer
Service Professional.
* Annual Percentage Yield - the percentage rate earned if balances remain on deposit for a full year with compounding, no change in the interest rate and all interest is left in the account.

Interest Payment Summary
144

0.00 0.00

0.00 0.00
2 4Page of
For the Period 1/1/26 to 1/31/26
Advice Date: January 31, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
1/01

0.000072

2.65% 0.00 0.00 0.00
1/02

0.000072

2.65% 0.00 0.00 0.00
1/03

0.000072

2.65% 0.00 0.00 0.00
1/04

0.000072

2.65% 0.00 0.00 0.00
1/05

0.000072

2.65% 0.00 0.00 0.00
1/06

0.000072

2.65% 0.00 0.00 0.00
1/07

0.000072

2.65% 0.00 0.00 0.00
1/08

0.000072

2.65% 0.00 0.00 0.00
1/09

0.000072

2.65% 0.00 0.00 0.00
1/10

0.000072

2.65% 0.00 0.00 0.00
1/11

0.000072

2.65% 0.00 0.00 0.00
1/12

0.000072

2.65% 0.00 0.00 0.00
1/13

0.000072

2.65% 0.00 0.00 0.00
1/14

0.000072

2.65% 0.00 0.00 0.00
1/15

0.000072

2.65% 0.00 0.00 0.00
1/16

0.000072

2.65% 0.00 0.00 0.00
1/17

0.000072

2.65% 0.00 0.00 0.00
1/18

0.000072

2.65% 0.00 0.00 0.00
Daily Details
145

0.00 0.00

0.00 $1,663.60
03052927030200478802
3 4Page of
For the Period 1/1/26 to 1/31/26
Advice Date: January 31, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
TOTAL AMOUNT CREDITED FOR THIS PERIOD:
1/19

0.000072

2.65% 0.00 0.00 0.00
1/20

0.000072

2.65% 0.00 0.00 0.00
1/21

0.000072

2.65% 0.00 0.00 0.00
1/22

0.000072

2.65% 0.00 0.00 0.00
1/23

0.000072

2.65% 0.00 0.00 0.00
1/24

0.000072

2.65% 0.00 0.00 0.00
1/25

0.000072

2.65% 0.00 0.00 0.00
1/26

0.000072

2.65% 4,453,591.51 323.33 323.33
1/27

0.000072

2.65% 4,066,165.39 295.20 618.53
1/28

0.000072

2.65% 4,037,548.42 293.12 911.66
1/29

0.000072

2.65% 3,512,023.20 254.97 1,166.63
1/30

0.000072

2.65% 3,422,653.78 248.48 1,415.11
1/31

0.000072

2.65% 3,422,653.78 248.48 1,663.60
(Continued)
Daily Details
146

CUSTOMER SERVICE INFORMATION
05852927030200476701
1 4Page of
Commercial Checking With Interest
04767 LIA 703 020 05826 - NNNNNNNNNNNN 0000
JPMorgan Chase Bank, N.A.

P O Box 182051
Columbus OH 43218- 2051
For the Period 2/1/26 to 2/28/26
Advice Date: February 28, 2026
Account:

CITY OF MURRIETA

GENERAL
1 TOWN SQUARE
MURRIETA CA 92562
Annual Percentage Yield *

2.68%
Rate

0.00%
Day Basis
365
Compounding Method
Monthly
Average Daily Balance
$3,343,328.60
If you have any questions about this
notice, please contact your Customer
Service Professional.
* Annual Percentage Yield - the percentage rate earned if balances remain on deposit for a full year with compounding, no change in the interest rate and all interest is left in the account.

Interest Payment Summary
147

0.00 0.00

0.00 0.00
2 4Page of
For the Period 2/1/26 to 2/28/26
Advice Date: February 28, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
2/01

0.000072

2.65% 3,424,317.38 248.60 248.60
2/02

0.000072

2.65% 3,375,806.30 245.08 493.68
2/03

0.000072

2.65% 3,356,239.71 243.66 737.35
2/04

0.000072

2.65% 3,356,133.74 243.65 981.00
2/05

0.000072

2.65% 3,350,410.39 243.23 1,224.24
2/06

0.000072

2.65% 3,349,915.39 243.20 1,467.45
2/07

0.000072

2.65% 3,349,915.39 243.20 1,710.65
2/08

0.000072

2.65% 3,349,915.39 243.20 1,953.85
2/09

0.000072

2.65% 3,338,495.10 242.37 2,196.23
2/10

0.000072

2.65% 3,338,495.10 242.37 2,438.60
2/11

0.000072

2.65% 3,334,209.11 242.06 2,680.67
2/12

0.000072

2.65% 3,334,209.11 242.06 2,922.73
2/13

0.000072

2.65% 3,334,209.11 242.06 3,164.79
2/14

0.000072

2.65% 3,334,209.11 242.06 3,406.86
2/15

0.000072

2.65% 3,334,209.11 242.06 3,648.92
2/16

0.000072

2.65% 3,334,209.11 242.06 3,890.98
2/17

0.000072

2.65% 3,334,909.29 242.11 4,133.10
2/18

0.000072

2.65% 3,334,909.29 242.11 4,375.21
Daily Details
148

0.00 0.00

0.00 0.00
$6,796.32
05852927030200476702
3 4Page of
For the Period 2/1/26 to 2/28/26
Advice Date: February 28, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
TOTAL AMOUNT CREDITED FOR THIS PERIOD:
2/19

0.000072

2.65% 3,334,909.29 242.11 4,617.33
2/20

0.000072

2.65% 3,334,909.29 242.11 4,859.44
2/21

0.000072

2.65% 3,334,909.29 242.11 5,101.56
2/22

0.000072

2.65% 3,334,909.29 242.11 5,343.67
2/23

0.000072

2.65% 3,334,909.29 242.11 5,585.79
2/24

0.000072

2.65% 3,334,909.29 242.11 5,827.90
2/25

0.000072

2.65% 3,334,909.29 242.11 6,070.01
2/26

0.000072

2.65% 3,334,909.29 242.11 6,312.13
2/27

0.000072

2.65% 3,334,604.68 242.09 6,554.22
2/28

0.000072

2.65% 3,334,604.68 242.09 6,796.32
(Continued)
Daily Details
149

CUSTOMER SERVICE INFORMATION
09052927030200477901
1 4Page of
Commercial Checking With Interest
04779 LIA 703 020 09026 - NNNNNNNNNNNN 0000
JPMorgan Chase Bank, N.A.

P O Box 182051
Columbus OH 43218- 2051
For the Period 3/1/26 to 3/31/26
Advice Date: March 31, 2026
Account:

CITY OF MURRIETA

GENERAL
1 TOWN SQUARE
MURRIETA CA 92562
Annual Percentage Yield *

2.68%
Rate

Interest Payment Summary
150

0.00 0.00

0.00 0.00
2 4Page of
04779 LIA 703 20 09026
For the Period 3/1/26 to 3/31/26
Advice Date: March 31, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
3/01

0.000072

2.65% 3,341,401.00 242.58 242.58
3/02

0.000072

2.65% 3,341,401.00 242.58 485.17
3/03

0.000072

2.65% 3,341,401.00 242.58 727.75
3/04

0.000072

2.65% 3,341,401.00 242.58 970.34
3/05

0.000072

2.65% 3,341,401.00 242.58 1,212.92
3/06

0.000072

2.65% 3,341,401.00 242.58 1,455.51
3/07

0.000072

2.65% 3,341,401.00 242.58 1,698.09
3/08

0.000072

2.65% 3,341,401.00 242.58 1,940.68
3/09

0.000072

2.65% 3,341,401.00 242.58 2,183.27
3/10

0.000072

2.65% 3,341,401.00 242.58 2,425.85
3/11

0.000072

2.65% 3,341,401.00 242.58 2,668.44
3/12

0.000072

2.65% 3,341,401.00 242.58 2,911.02
3/13

0.000072

2.65% 3,341,401.00 242.58 3,153.61
3/14

0.000072

2.65% 3,341,401.00 242.58 3,396.19
3/15

0.000072

2.65% 3,341,401.00 242.58 3,638.78
3/16

0.000072

2.65% 3,341,401.00 242.58 3,881.37
3/17

0.000072

2.65% 3,341,401.00 242.58 4,123.95
3/18

0.000072

2.65% 3,341,401.00 242.58 4,366.54
Daily Details
151

0.00 0.00

0.00 $7,520.16
09052927030200477902
3 4Page of
04779 LIA 703 20 09026
For the Period 3/1/26 to 3/31/26
Advice Date: March 31, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
TOTAL AMOUNT CREDITED FOR THIS PERIOD:
3/19

0.000072

2.65% 3,341,401.00 242.58 4,609.12
3/20

0.000072

2.65% 3,341,401.00 242.58 4,851.71
3/21

0.000072

2.65% 3,341,401.00 242.58 5,094.29
3/22

0.000072

2.65% 3,341,401.00 242.58 5,336.88
3/23

0.000072

2.65% 3,341,401.00 242.58 5,579.47
3/24

0.000072

2.65% 3,341,401.00 242.58 5,822.05
3/25

0.000072

2.65% 3,341,401.00 242.58 6,064.64
3/26

0.000072

2.65% 3,341,401.00 242.58 6,307.22
3/27

0.000072

2.65% 3,341,401.00 242.58 6,549.81
3/28

0.000072

2.65% 3,341,401.00 242.58 6,792.39
3/29

0.000072

2.65% 3,341,401.00 242.58 7,034.98
3/30

0.000072

2.65% 3,341,401.00 242.58 7,277.57
3/31

0.000072

2.65% 3,341,401.00 242.58 7,520.16
(Continued)
Daily Details
152
CSD/LLD 1.74%Development Impact Funds 25.42%Fire 0.53%General Fund 24.33%Grant Funding 0.81%Housing Authority 0.53%ISF 8.22%Library 0.30%Measure A/Gas Tax 9.36%Measure T 17.39%Misc 7.46%Trust Accounts / Custodial Accounts 3.02%Successor Agency 0.82%Debt Service Funds 0.05%TOTAL PORTFOLIO AS OF MARCH 31, 2026 153

CITY OF MURRIETA
City Council Meeting Agenda
Report
6/2/2026
Agenda Item No. 5.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Diego Chavez, Administrative Services Director
PREPARED BY: Michelle Tamez, Human Resources Analyst
SUBJECT:

Amendment to CalPERS Contracts to include Public Employees’ Pension Reform Act (PEPRA) Language for the City of Murrieta and the Murrieta Fire District

ABSTRACT
The proposed action would initiate the process of amending the City and Murrieta Fire District contracts with the California Public Employees’Retirement System (CalPERS) to include Public Employees’Pension Reform Act (PEPRA) language. The amendment ensures the CalPERS contracts reflect current statutory requirements related to pension benefits, retirement contributions, and compensation limitations applicable to public employees who are CalPERS members. The amendment is administrative in nature and intended to ensure consistency with applicable state law.

RECOMMENDATION
Adopt Resolution No. 26-4937 entitled: A Resolution of Intention of the City Council of the City of Murrieta, California, to Approve An Amendment to Contract Between the Board of Administration of the California Public Employees’ Retirement System and the City Council of City of Murrieta; Introduce and conduct the first reading of Ordinance No. 633-26 entitled: An Ordinance of the City Council of the City of Murrieta, California, Approving an Amendment to the Contract Between the City Council of the City of Murrieta and the Board of Administration of the California Public Employees’Retirement System to Include Public Employees’ Pension Reform Act (PEPRA) Language;
Acting as Board of Directors for the Murrieta Fire Protection District, take the following actions:

Adopt Resolution No. MFD 26-227 entitled: A Resolution of Intention of the Board of Directors of the Murrieta Fire District to Approve An Amendment to Contract Between the Board of Administration Of The California Public Employees’ Retirement System and the Board of Directors of the Murrieta Fire District; and Introduce and conduct the first reading of Ordinance No. 634-26 entitled: An Ordinance of the City Council of the City of Murrieta, California, Acting as the Murrieta Fire District Approving an Amendment to the Contract Between the Board of Directors of the Murrieta Fire District and the Board of Administration of the California Public Employees’ Retirement System to Include Public Employees’ Pension Reform Act (PEPRA) Language.

CITY OF MURRIETA Printed on 5/28/2026Page 1 of 3
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6/2/2026
Agenda Item No. 5.

PRIOR ACTION/VOTE
None.

STRATEGIC ALIGNMENT
This item aligns with the City Council goal of: maintaining a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency relating to an administrative priority.

Amending the City’scontract with the California Public Employees’Retirement System to incorporate Public Employees’ Pension Reform Act language ensures legal compliance, strengthening internal controls, and standardizing pension administration. Incorporating PEPRA provisions helps manage long-term pension liabilities, improves financial predictability, and reduces risk.

DISCUSSION
The Public Employees’Pension Reform Act (PEPRA), which became effective in 2013, established pension reform measures for public employers participating in CalPERS to address unfunded public pension liabilities across the state. PEPRA implemented several provisions affecting retirement benefits, including a new pension formula for “new members” (2% at 62 for miscellaneous members and 2.7% at 57 for safety members), employee contribution requirements, and compensation limits used to calculate retirement benefits.

As defined by PEPRA, “newmembers”include: i) those who are new hires who have joined CalPERS for the first time on or after January 1, 2013, and who have no prior membership in another California public retirement system and ii) those who joined CalPERS prior to January 1, 2013, but after this date are hired by a different CalPERS employer following a break in service of more than six months.

At the time of PEPRA’simplementation, no formal contract amendment was required for CalPERS contracting agencies because PEPRA’srequirements apply as a matter of State law. Since PEPRA was enacted, the City has implemented PEPRA requirements through its payroll and retirement reporting processes.

Recently, CalPERS has been reaching out to contracting agencies and requesting that they formally update their agreements to reflect PEPRA compliance. More detail on CalPERS’reasoning for requesting contract updates is available here:
<https://www.calpers.ca.gov/employers/contracts/pension-contract-amendments-agency-updates>, under “Amend Your Contract to Include PEPRA Provisions”.

CalPERS is requesting that all agencies execute these formal amendments within the next year. The first step in this process is for the City Council to adopt Resolutions of Intent and conduct a first reading of the Ordinances amending the CalPERS contracts for the City (Attachments 1 and 2) and the Murrieta Fire District (Attachments 3 and 4). The Ordinances will return for second reading and adoption on July 7, 2026.

Incorporating PEPRA language into the CalPERS contracts will clarify that the contract is subject to state pension reform laws and ensures alignment with current statutory requirements. The proposed amendments do not change employee retirement benefits, City or employee CalPERS contribution rates, or pensionable compensation limits, as these will continue to be administered in accordance with applicable provisions of PEPRA and CalPERS regulations.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which CITY OF MURRIETA Printed on 5/28/2026Page 2 of 3
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6/2/2026
Agenda Item No. 5.
the City Council considers the item).

CEQA AND REGULATORY OVERVIEW
This action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly.

FISCAL IMPACT
There is no direct fiscal impact associated with the proposed amendments. The amendments simply clarify that the CalPERS contracts are subject to applicable provisions of PEPRA and CalPERS regulations.

Retirement benefits and contributions will continue to be administered in accordance with state law and existing City policies.

ATTACHMENTS
ATT 1 - Resolution No. 26-4937
ATT 2 - Ordinance No. 633-26
ATT 3 - Resolution No. MFD 26-227
ATT 4 - Ordinance No. 634-26
CITY OF MURRIETA Printed on 5/28/2026Page 3 of 3
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156

RESOLUTION NO. 26-4937

A RESOLUTION OF INTENTION OF THE CITY COUNCIL OF THE CITY

OF MURRIETA, CALIFORNIA, TO APPROVE AN AMENDMENT TO

CONTRACT BETWEEN THE BOARD OF ADMINISTRATION OF THE
CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM AND THE

CITY COUNCIL OF CITY OF MURRIETA

WHEREAS, the Public Employees’ Retirement Law permits the participation of public agencies and their employees in the Public Employees’ Retirement System by the execution of a contract, and sets forth the procedure by which said public agencies may elect to subject themselves and their employees to amendments to said law; and

WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the governing body of the public agency of a resolution giving notice of its intention to approve an amendment to said contract, which resolution shall contain a summary of the changes proposed in said contract; and

WHEREAS, the following is a statement of the proposed change:

To include language from the Public Employees’ Pension Reform Act.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. That the City Council of the City of Murrieta gives notice of the intention to approve an amendment to the contract between the City of Murrieta and the Board of Administration of the Public Employees’ Retirement System, a copy of said amendment being attached hereto, as “Exhibit A” and by this reference made a part hereof.

PASSED AND ADOPTED this 2nd day of June, 2026.

____________________________
Jon Levell, Mayor
ATTEST:

_____________________________
Cristal McDonald, City Clerk

157
Resolution No. 26-4937

Page 2 of 2 ends

Murrieta City CouncilJune 2, 2026

Murrieta City Council
June 2, 2026